Sri Lanka reaches $5.8bn debt restructuring deal with Japan, India, others

Export-Import Bank of China also signs $4.2bn agreement

20240626 Wickremesinghe

Sri Lankan President Ranil Wickremesinghe hailed the debt restructuring plan as a "significant milestone." (Photo by Shinya Sawai)

MUNZA MUSHTAQ, Contributing writer

COLOMBO -- Bankrupt Sri Lanka received a fresh boost on Wednesday after reaching an agreement in Paris to restructure $5.8 billion of debt with creditors, as the government tries to steer the country out of its worst economic crisis.

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