June 25, 2024 4:31 PM

Sri Lanka to sign debt restructuring agreements with India and Japan

Sri Lanka is set to sign agreements to restructure its bilateral debt with India and Japan on Wednesday. This news was confirmed by Foreign Minister M.U.M. Ali Sabry, who mentioned that President Ranil Wickremesinghe had updated the Cabinet about the progress on Monday. Last week, Cabinet spokesman Minister Bandula Gunawardana announced that Sri Lanka is ready to sign agreements with its bilateral creditors. This move is expected to pave the way for resuming loan-funded projects in the country....