Sri Lanka has reached a significant milestone in its efforts to stabilize its economy by finalizing debt restructuring agreements with multiple bilateral lenders. On June 26, Sri Lanka signed deals with creditor nations including India, Japan, and China to restructure approximately $5.8 billion in bilateral debt. These agreements, which were finalized in Paris, are a crucial step in meeting the conditions for an International Monetary Fund (IMF) bailout. President Ranil Wickremesinghe expressed gratitude towards India for its continued support and highlighted the joint initiatives cementing the partnership between the two nations. The Sri Lankan government has been negotiating with the Paris Club, India, and China since declaring a sovereign default in 2022, with in-principle deals reached last year. The finalized agreements are expected to provide significant debt relief and further stabilize Sri Lanka's crisis-hit economy.
Sri Lanka's government said it has finalised a long-delayed debt restructuring agreement for $5.8 billion with its bilateral lenders, including India and China, in Paris to meet a key condition of an IMF bailout. https://t.co/bEhhsQ6ER3
Sri Lanka reaches a final restructuring agreement for $5.8 billion of debt with official creditors https://t.co/wyZwvgPUxH
Sri Lanka signs debt deal with creditor nations in Paris https://t.co/u15xArukyX https://t.co/14XKmtEkgw
Sri Lanka's economic crisis and debt deal with bilateral creditors https://t.co/FSp0Xp7uCh https://t.co/gOTU8Av64P
BREAKING: Sri Lanka agrees debt restructuring plan with Japan, India, others https://t.co/Ak7iY0iwbk
🔵 SRI LANKA SIGNS DEBT DEAL WITH CREDITOR NATIONS IN PARIS Sri Lanka signed a deal on Wednesday with creditor nations to restructure about $5.9 billion in bilateral debt in a key move to further stabilise its fragile crisis-hit economy, the office of the country's president… https://t.co/AofZ3jERHV
⚠️ SRI LANKA SAYS REACHES AGREEMENT WITH PARIS CLUB CREDITOR NATIONS AND INDIA ON DEBT RESTRUCTURING **SRI LANKA'S DEAL FOR $5.8 BILLION OF DEBT WITH BILATERAL LENDERS' OFFICIAL CREDITOR COMMITTEE IN PARIS - SRI LANKA PRESIDENT OFFICE **DEAL GRANTS SIGNIFICANT DEBT RELIEF,…
Sri Lanka finalized long-delayed debt deals with its bilateral lenders, including China, to meet a key condition of an IMF bailout, the government said Tuesday. https://t.co/jKigqCVB4P
#SriLanka will sign agreements to restructure bilateral debt with #India and #Japan on Wednesday. Sri Lanka’s Foreign Minister M.U.M Ali Sabry was quoted by agencies saying that Sri Lanka President Ranil Wickremsinghe had given an update on the progress in the matter to all… https://t.co/x2xJsYMczw
#Colombo | #SriLanka to sign debt restructuring agreements with #India & #Japan Sri Lanka has been negotiating with the Paris Club, India, and China to restructure debt after declaring sovereign default in 2022 with in-principle deals reached last year. @PBSC_Colombo https://t.co/VEHyk3P9tH
❗️India To Sign Debt Restructuring Agreement With Sri Lanka - 🇱🇰 Govt Spox President Ranil Wickremesinghe told his cabinet that on June 26, Colombo would sign new agreements with creditors, with India & Japan top of the list, Bandula Gunawardana told reporters. Sri Lanka… https://t.co/HX3hasSpGs
⚠️ SRI LANKA CABINET SPOKESPERSON: **SRI LANKA PRESIDENT TOLD CABINET BILATERAL AGREEMENTS WILL BE SIGNED ON WEDNESDAY **SRI LANKA OFFICIALS ALREADY EN ROUTE TO BE PRESENT AT SIGNING **CABINET APPROVAL GIVEN TO SIGN BILATERAL DEBT AGREEMENTS **DETAILS OF AGREEMENTS WILL BE…
🔵 SRI LANKA TO RE-ENGAGE WITH PRIVATE CREDITORS IMMINENTLY, SOURCES SAY Formal negotiations between Sri Lankan authorities and international private creditors on over $12 billion in bonds are set to resume imminently after a group of bondholders signed non-disclosure… https://t.co/519MMVhx8M
Sri Lankan President thanks India for 'continued support', lists joint initiatives cementing partnership Read: https://t.co/icweTH6zwL https://t.co/lvERbJNzvS
#SriLankan President Ranil Wickremesinghe addresses the 31st All India Partners' Meet in Colombo; Expresses gratitude for India’s financial support that helped the island nation survive two tough years of economic crisis. President @RW_UNP emphasizes his commitment to… https://t.co/pfdbDvRNmJ