Sri Lanka has been apprised that a debt-restructuring agreement with creditor nations has been successfully negotiated. However, as of Wednesday (29), the government is yet to receive an official letter of confirmation from the creditor committee regarding the finalized deal, according to a reliable government source who spoke to Reuters.
This development follows the island nation’s recent agreement with the Export-Import Bank of China, addressing approximately $4.2 billion in outstanding debt, a pact reached about a month ago. Source: Reuters
