Muhammad Ali Bukhari from Toronto writes for DOT :
Neither Ministry of Finance nor Foreign Affairs of Bangladesh claimed such matter in their official websites, however, at least three news outlets of Africa stated that, the government of Bangladesh has announced in assisting Somalia to repay part its international debt following a call by the International Monetary Fund (IMF).
Last week, with same dateline of February 6, the online three African news outlets, All Africa, HalQaran News and Radio Dalsan reported, Somalia is struggling to convince the international community to accept its debt relief bid. Thus, the Somali Ministry of Finance has sent a letter to the Washington based IMF about Bangladesh’s pledge to support Somalia with $817,571.50 to settle its debt.
It further stated that, the development came after IMF Managing Director Kristalina Georgieva wrote to Finance Minister of Bangladesh, AHM Mustafa Kamal in last December with seeking its international type of monetary reserve currency created by the IMF in 1969, the Special Drawing Right (SDR) of 0.70 million, equivalent to Tk 8.21 crore.
Bangladesh’s share with the IMF amounts to SDR 1,066.60 million. In contrast, Somalia has not made a service or amortization payment for its external debt of USD 4.7 billion since civil war broke out more than 25 years ago.
If this news is correct, then surely Bangladesh has shown greatness to a Muslim majority country internationally, even though some of its banks are in acute trouble of operating finance for loan realization internally.