Sri Lanka signs key debt restructuring agreements with Japan, JICA

Colombo, March 07 (Daily Mirror) - Sri Lanka has signed the bilateral Amendment Agreement with the Japan International Cooperation Agency (JICA) alongside the Exchange of Notes between the Government of Sri Lanka and the Government of Japan in relation to the External Debt Restructuring Process.

The Finance Ministry said that this was a significant milestone of the External Debt Restructuring Process and a testament to GoSL's commitment to conclude the restructuring process as soon as possible to restore debt sustainability and thereby revamp Sri Lanka's economy. 
 
The Government of Japan has played a pivotal role in spearheading Sri Lanka’s External Debt Restructuring Process, co-chairing the Official Creditor Committee alongside France and India. 

Its leadership, commitment and constructive engagement have been instrumental in helping Sri Lanka navigate the challenges of economic recovery. This spirit of cooperation has enabled GoSL to make meaningful progress toward restoring debt sustainability.

An official signing ceremony took place today at the Ministry of Finance, Planning and Economic Affairs. The Exchange of Notes was signed by Secretary of the Ministry of Finance, Planning, and Economic Development Mahinda Siriwardana on behalf of the GoSL, and Ambassador of Japan to Sri Lanka Akio Isomata, on behalf of the Government of Japan. 

A further bilateral Amendment Agreement was signed by Secretary of the Ministry of Finance and Chief Representative Tetsuya Yamada on behalf of JICA.