Sri Lanka Signs € 188 Mn Debt Restructuring Deal with Germany 📈

Sri Lanka has officially signed a bilateral agreement with the Federal Republic of Germany to restructure external debt totaling € 188 million, marking a significant step in restoring national debt sustainability. • Key Figures & Agreement: The deal involves the rescheduling of € 188 million in outstanding debt. The agreement was signed by Treasury Secretary Dr. Harshana Suriyapperuma and German Embassy Chargé d’Affaires a.i. Sarah Hasselbarth. • Context & Process: The agreement follows the Memorandum of Understanding (MoU) previously concluded with the Official Creditor Committee (OCC). This move is part of the broader strategy to revamp the economy and finalize the external debt restructuring process. • Impact: Beyond immediate financial relief, the agreement is expected to strengthen long-standing bilateral relations and support the country's transition toward a more sustainable fiscal framework. _Source: Finance Ministry (Provisional Data)_