Sri Lanka Signs Agreement with Germany to Restructure 188mn Euro Debt

Sri Lanka signs agreement with Germany to restructure 188mn euro debt

ECONOMYNEXT – Sri Lanka has entered into an agreement on restructuring 188 million euro debt with Germany, its Ministry of Finance, Planning and Economic Development said. “Following bilateral discussions after the conclusion of the MoU with the Official Creditor Committee (OCC), the Federal Republic of Germany has agreed to extend a debt relief measure by rescheduling the outstanding debts.” The bilateral agreement was signed by Ministry Secret…

Sri Lanka and Germany Forge Agreement to Restructure €188 Million Debt

FINANCIAL CHRONICLE – Sri Lanka has finalized an agreement with Germany for the restructuring of 188 million euros of debt, as announced by the Ministry of Finance, Planning and Economic Development. “Following bilateral discussions after the conclusion of the Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC), the Federal Republic of Germany has agreed to provide debt relief by rescheduling the outstanding debts,” the …