Sri Lanka Secures €188M Debt Relief from Germany

COLOMBO (News 1st); Sri Lanka has signed a bilateral agreement with the Federal Republic of Germany as part of its ongoing external debt restructuring process, marking a significant milestone in the country’s efforts to restore debt sustainability and revive its economy. The agreement, concluded after bilateral discussions following the Memorandum of Understanding (MoU) with the…

Sri Lanka Secures €188M Debt Relief from Germany

COLOMBO (News 1st); Sri Lanka has signed a bilateral agreement with the Federal Republic of Germany as part of its ongoing external debt restructuring process, marking a significant milestone in the country’s efforts to restore debt sustainability and revive its economy. The agreement, concluded after bilateral discussions following the Memorandum of Understanding (MoU) with the…