Sri Lanka Signs $930.8M Debt Restructuring Deal With India

Sri Lanka and India have signed Bilateral Amendatory Agreements totaling approximately USD 930.8 million, covering seven Lines of Credit and four Buyer’s Credit Facility agreements as part of Sri Lanka's External Debt Restructuring Process. These agreements were signed by Sri Lanka’s Secretary of the Ministry of Finance, Planning, and Economic Development, K.M. Mahinda Siriwardana, and officials from India’s Export-Import Bank (EXIM). India has played a pivotal role in leading Sri Lanka's debt restructuring, co-chairing the Official Creditor Committee alongside France and Japan, and providing emergency assistance during the peak of Sri Lanka’s economic crisis. The agreements mark a significant milestone in debt restructuring efforts and are expected to strengthen the longstanding bilateral relations between the two governments. India’s constructive engagement has been instrumental in helping Sri Lanka navigate economic recovery and progress towards restoring debt sustainability. The signing took place on March 25 and April 3, 2025, signaling continued cooperation between the nations.