Sri Lanka and Japan are set to formalize key debt restructuring agreements tomorrow (07), marking a significant step in the island nation’s ongoing economic recovery efforts.
The agreements will be signed at the Ministry of Finance between the Government of Sri Lanka and the Government of Japan, alongside amendments to existing arrangements with the Japan International Cooperation Agency (JICA). The signing ceremony will take place under the patronage of Japanese Ambassador to Sri Lanka Akio Isomata and Finance Ministry Secretary Mahinda Siriwardena.
This development follows Sri Lanka’s broader debt restructuring process as part of its economic stabilization program, with Japan playing a crucial role as one of the country’s major bilateral creditors. A joint press conference is scheduled following the signing.