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Economy

Bangladesh helps out cash-strapped Sri Lanka with $200m loan

Former recipient of major foreign aid, Dhaka now has money to lend

DHAKA -- Bangladesh is offering $200 million worth of credit to Sri Lanka, changing its image from helped to helper nation while flexing newfound economic muscle.

Once thought of as an economic disaster, Bangladesh has seen annual economic growth over the past decade rumbling along at a robust 7% while significantly increasing exports and building foreign currency reserves thanks to steady remittance earnings.

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