Bangladesh Financial institution extends yet one more 12 months to repay loans to Sri Lanka, which is in dire straits. The choice was taken at a board assembly of Bangladesh Financial institution on Sunday (Could 8). The assembly was chaired by Governor Fazle Kabir and was attended by administrators of Bangladesh Financial institution, Deputy Governors and Government Administrators of the involved departments.
Senior central financial institution officers current on the assembly mentioned Sri Lanka was presently in a state of disaster. In that case, there could be no revenue in the event that they have been pressured to repay the কোটি 200 million mortgage given to the nation. Subsequently, yet one more tenure (12 months) has been prolonged to repay the mortgage. Resulting from this resolution, the nation can have yet one more 12 months to repay the mortgage of 200 million {dollars} taken from Bangladesh.
Below the bilateral (authorities assured) foreign money swap settlement between Bangladesh Financial institution and the Central Financial institution of Sri Lanka, দেশ 200 million has been launched in three phases in favor of the nation. The contract has a three-month foreign money swap however may be prolonged as much as one 12 months. Consequently, the time period of the mortgage will probably be prolonged as much as one 12 months for 3 consecutive months. Nevertheless, Bangladesh will get 1.5 p.c curiosity with London interbank supply charge or Liber. The rate of interest and mortgage reimbursement time will probably be calculated from the time the cash is launched.
In the meantime, Bangladesh Financial institution fined Japanese Financial institution Tk 5 lakh on April 3 for giving further mortgage past the restrict. He was requested to pay the high-quality inside 14 days. If not paid, it is going to be deducted from the financial institution’s account, the central financial institution mentioned in a letter. Nevertheless, they didn’t pay the high-quality and utilized for remission. The appliance was rejected in at present’s assembly.
