New Delhi: Faced with dwindling reserves and rising import costs, the Bangladesh government has decided to take loans from global agencies.  Bangladesh Prime Minister Sheikh Hasina said that her country will not have to face a situation of economic crisis like in Sri Lanka.
In an interview aired ahead of her visit to India, Hasina said Bangladesh's economy remains strong despite the impact of COVID-19 and the Russia-Ukraine war.

Bangladesh's $416 billion economy has been one of the fastest growing economies in the world for years. But dwindling foreign exchange reserves due to import bills forced the government to seek loans from global agencies, including the International Monetary Fund (IMF).

"Bangladesh has always paid attention to timely repayment of debt; our debt ratio is very low in the context of Sri Lanka," Hasina said. Some have raised that Bangladesh will become Sri Lanka, but I can assure you that will not happen.

Sri Lanka reached a preliminary agreement with the IMF on Thursday for a $2.9 billion loan after the country was hit by financial mismanagement and the Covid-19 pandemic decimated its main tourism industry.

Hasina will meet her Indian counterpart and other leaders during her four-day visit to India.