Sri Lanka reaches agreements with external commercial creditors

Colombo, September 19 (Daily Mirror) - Sri Lanka has reached agreements with external commercial creditors to restructure approximately USD 17.5 bn of external debt, achieving a 40.3% Net Present Value (NPV) concession, the President’s Media Division said.

It also announced that Sri Lanka had finalised a deal with China Development Bank to restructure USD 3.3 bn in debt. 

“As a result of the debt treatment agreements with Eximbank of China, OCC, CDB, and bondholders, Sri Lanka will have obtained over USD 17 bn of debt service relief during the IMF programme,” the PMD added.