Bangladesh’s $200 million currency swap is a loan in dollars that will be repaid with interest in Sri Lankan rupees. This has come as a respite for Sri Lanka as it is cheaper than borrowing from the market. Sri Lanka is struggling to maintain adequate forex reserves even as repayment of its external debts looms. Bangladesh, a country that is a recipient of financial aid amounting to billions of dollars, has managed to grow its economy in the last two decades. The country has become a promising market in South Asia. Bangladesh is also outpacing India in its economic run
