Sri Lanka secures $8 Billion debt relief, says President

5 July 2024 04:31 pm Views - 1999

Colombo, July 5 (Daily Mirror) - President Ranil Wickremesinghe announced an $8 billion debt relief package in line with the ongoing debt restructuring process.

He said this during the Urumaya Freehold Land Deed Ceremony in Kurunegala today. 

This package, which is part of the country's ongoing debt restructuring process, includes $5 billion in loan interest relief from bilateral creditors and a $3 billion debt write-off from commercial creditors.

The President's Media Division confirmed that these measures aim to provide much-needed economic stability and support Sri Lanka’s recovery efforts.