Sri Lanka signs debt restructuring deals

Sri Lanka has signed two separate deals to restructure much of its debt. The deals are with Japan, France and India, the countries that lead the 17-strong official creditor committee (OCC), and with the Export Import Bank (Exim) of China.

In the sidelines of the Paris Club meeting on June 26, Sri Lanka finalised a memorandum of understanding (MoU) with the OCC, based on a preliminary agreement that was reached in November last year. It owes the OCC countries about $5.8 billion, according to a Fin

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