Sri Lanka signs debt treatment agreements with China Exim Bank

Colombo, June 26 (Daily Mirror) - Sri Lanka has signed debt treatment agreements with China Exim Bank to restructure USD 4.2 billion of debt. 

The agreements were signed in Beijing earlier today.

The restructuring framework, agreed upon in Colombo, Sri Lanka, is set to provide substantial debt relief for the island nation. 

This move will enable Sri Lanka to reallocate funds previously earmarked for debt servicing to essential public services, offering a much-needed respite for the country's strained economy.