Sri Lanka and India signed a USD 930.8 million Debt Restructuring Deal recently on Sri Lanka’s present External Debt Restructuring Process.
The signing of Bilateral Amendatory Agreements between the Government of Sri Lanka and the Export-Import Bank (EXIM) of India took place on March 25, 2025 and April 03, 2025, respectively.
The deal concerns 07 Line of Credit and 04 Buyer’s Credit Facility agreements with the Government of India.
Secretary of the Ministry of Finance, Planning, and Economic Development, Mr. K.M. Mahinda Siriwardana, signed the agreements on behalf of the Sri Lankan Government.
General Manager of the EXIM Bank of India, Mr.Nirmit Ved, signed the Line of Credits, and Deputy General Manager of the EXIM Bank of India, Mr. Amith Kumar, signed the Buyer’s Credit Agreements.
The Government of India has played a pivotal role in spearheading Sri Lanka’s External Debt Restructuring Process, co-chairing the Official Creditor Committee alongside France and Japan.
The conclusion of the bilateral Amendment Agreements is expected to pave the way for developing further the deep and longstanding bilateral relationships between the Governments of India and Sri Lanka. (Newswire)