Sri Lanka and India Sign USD 930.8 Mn Debt Restructuring Deal

Sri Lanka has signed Bilateral Amendatory Agreements with the Export-Import Bank (EXIM) of India as part of its ongoing External Debt Restructuring Process.

The agreements, signed on March 25 and April 3, 2025, restructure seven Line of Credit and four Buyer’s Credit Facility agreements, amounting to approximately USD 930.8 million.

Secretary of the Ministry of Finance, Planning, and Economic Development, Mr. K.M. Mahinda Siriwardana, signed the agreements on behalf of the Government of Sri Lanka. Mr. Nirmit Ved, General Manager of the EXIM Bank of India, signed the Line of Credits, while Mr. Amith Kumar, Deputy General Manager, signed the Buyer’s Credit Agreements.

India has played a pivotal role in Sri Lanka’s External Debt Restructuring Process, co-chairing the Official Creditor Committee with France and Japan. The conclusion of the agreements is expected to further strengthen the longstanding bilateral relationship between the two countries.