COLOMBO (News 1st); The Government of Sri Lanka and the Government of Australia have signed bilateral agreements on external debt restructuring,.
The agreements, signed on October 27, 2025, at the Ministry of Finance, follow the Memorandum of Understanding (MoU) reached with the Official Creditor Committee (OCC) and underscore Sri Lanka’s commitment to concluding the restructuring process in a timely manner.
Through constructive bilateral discussions, the Government of Australia has agreed to extend debt relief to Sri Lanka by rescheduling outstanding debt obligations.
The total debt restructured under these agreements is estimated at approximately USD 39 million.
The signing ceremony featured Dr. Harshana Suriyapperuma, Secretary to the…