Sri Lanka Inks Restructured Bilateral Debt Deal with France

France and Sri Lanka Sign Bilateral Agreement on Debt Restructuring - LNW Lanka News Web

France and Sri Lanka on Monday signed a bilateral agreement to implement the terms of the Memorandum of Understanding (MoU) reached on June 26, 2024, with Sri Lanka’s Official Creditors Committee, co-chaired by France, India, and Japan. The agreement reschedules €390 million of Sri Lanka’s debt until 2042, providing a five-year grace period and a cap on original interest rates. It aligns with the coordinated international effort to restore Sri L…

Sri Lanka inks restructured bilateral debt deal with France

ECONOMYNEXT – Sri Lanka has signed an agreement with France to reschedule a debt stock of 390 million euros until 2042 with a 5 year grace period and a cap on original interest rates. The bilateral agreement was signed by Ministry Secretary K M Mahinda Siriwardana and William Roos, Assistant Secretary, Multilateral Affairs, Trade and Development Policies Department, Directorate-general of the Treasury, on behalf of the Government of French Repub…

Sri Lanka and France sign debt restructuring agreement

Sri Lanka and France have officially signed a bilateral agreement as part of the island nation’s external debt restructuring process, marking a major step forward in its efforts to stabilize the economy, the Ministry of Finance announced. The signing ceremony took place on June 16 in Colombo. Representing Sri Lanka, Finance Ministry Secretary Mahinda Siriwardana signed the agreement, while William Roos, Assistant Secretary at the French Treasury…

Sri Lanka-France sign debt restructuring agreement - LankaXpress

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