The Central Bank of Sri Lanka has approved the provision of financial assistance requested by Sri Lanka from Bangladesh.
Accordingly, Sri Lanka will receive financial assistance of US $ 200 million. The request was made during a recent visit by Prime Minister Mahinda Rajapaksa.
Sri Lanka is currently facing a major foreign exchange crisis. Sri Lanka’s foreign exchange reserves stood at $ 4 billion in March. Bangladesh currently holds about $ 45 billion in foreign reserves.