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SL – China sign debt restructuring agreements
Sri Lanka signed debt treatment Agreements in Beijing with China Exim Bank to restructure USD 4.2 billion of debt.
The Framework Agreement related to this was signed between Sri Lanka and China.
This restructuring provides significant debt relief, allowing Sri Lanka to allocate more funds to essential public services & resume concessional financing for critical infrastructure development, the President’s Media Division states.
Sri Lanka reached a final agreement with China’s Exim Bank on debt restructuring today (26) in Beijing.
Sri Lankan Ambassador to China – Majintha Jayesinghe had signed the agreements at the Embassy of Sri Lanka in Beijing.
In addition, Chinese ambassador – Qi Zhenhong and Deputy Secretary to the Treasury – Ananda Kithsiri Seneviratne had signed the agreement at the Chinese Embassy in Colombo.
