SL, Australia Finalize Bilateral Debt Restructuring Deal 🤝

• The Governments of Sri Lanka and Australia have formally signed bilateral agreements on external debt restructuring. • This marks a significant milestone in Sri Lanka’s efforts to restore debt sustainability and follows the Memorandum of Understanding (MoU) reached with the Official Creditor Committee (OCC). • Key Figure: The total outstanding debt obligations restructured under these agreements is estimated at approximately USD 39 million. • The deal provides essential debt relief, contributing to the path toward economic stability and strengthening the deep, longstanding relationship between the two nations.