Sri Lanka has been informed of an apparent resolution regarding the restructuring of its debt with creditor nations. However, the awaited official confirmation letter from the creditor committee is yet to materialize, as stated by a government source, Reuters reported on Wednesday.
Approximately a month subsequent to securing a deal with the Export-Import Bank of China (EXIM) to address approximately $4.2 billion of outstanding debt, Sri Lanka has now reached an agreement with a consortium of creditor nations.
Japan takes the helm alongside France and India as co-chairs of the official creditor committee overseeing Sri Lanka's debt restructuring initiatives. Notably, China stands as Sri Lanka's most substantial bilateral creditor and plays a role as an observer within the committee, opting not to formally join as a member.