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Business Insider Bangladesh

Bangladesh stands by debt-ridden Sudan, gives Tk 65cr

BI Report || BusinessInsider

Published: 15:56, 16 June 2021   Update: 19:02, 16 June 2021
Bangladesh stands by debt-ridden Sudan, gives Tk 65cr

Flags of Bangladesh and Sudan. Photo illustration: Business Insider Bangladesh

Bangladesh has given Sudan 5.32 million SDR, equivalent to Tk 65 crore, to help the African nation achieve debt relief and unlock access to the needed resources to increase growth and reduce poverty.

The Finance Ministry in a statement on Wednesday said that the government has approved the proposal on Tuesday.

Sudan has become heavily indebted as its external debt skyrocketed to nearly $50 billion at the end of 2019.

Bangladesh agreed to give the money following a call from the International Monetary Fund (IMF) in March.

Sudan is the second African country after Somalia that got financial assistance from Bangladesh.