Sri Lanka, France sign debt implementation letters

Colombo, July 25 (Daily Mirror) - Marking a key milestone in Sri Lanka’s external debt restructuring process, the Governments of Sri Lanka and France have officially signed the Implementation Letters related to their bilateral debt agreement, the Ministry of Finance, Planning and Economic Development said.

The agreement follows the Memorandum of Understanding (MoU) signed on June 26, 2024, between Sri Lanka and the Official Creditor Committee (OCC) for the country’s external debt restructuring. As part of this framework, a bilateral agreement between the two nations was signed on June 16, 2025.

In line with this agreement, the Ministry of Finance, Planning and Economic Development of Sri Lanka finalized the Implementation Letters with the authorized agencies representing the French Government — Agence Française de Développement (AFD), Bpifrance Assurance Export, and the Banque de France.

The signing ceremony of the Implementation Letter with AFD was held on July 24, 2025, at the Ministry of Finance. Dr. Harshana Suriyapperuma, Secretary to the Ministry of Finance, Planning and Economic Development, signed on behalf of the Government of Sri Lanka, while Yazid Bensaïd, Country Director of AFD, represented the Government of France.

Subsequently, Implementation Letters with Bpifrance Assurance Export and the Banque de France were also concluded.