Sri Lanka and Japan sign Debt Restructuring Agreement

The Exchange of Notes was signed by Mahinda Siriwardana, Secretary to the Ministry of Finance, Planning, and Economic Development, on behalf of the Sri Lankan Government, and Akio Isomata, Ambassador of Japan to Sri Lanka, representing the Japanese Government. 

The bilateral Amendment Agreement was signed by Secretary Siriwardana alongside Tetsuya Yamada, Chief Representative of the Japan International Cooperation Agency (JICA).

Japan has consistently been a key development partner for Sri Lanka, providing concessional loans, grants, and vital technical assistance over the years. The new agreements represent a deeper level of cooperation between the two nations, reaffirming their shared commitment to promoting sustainable growth and long-term economic stability.

With these agreements, Japan will continue to play a crucial role in Sri Lanka's efforts to restructure its external debt. Additionally, Japan’s support in areas such as development, infrastructure, and technical expertise will be instrumental as Sri Lanka navigates these challenging economic times.

Both governments expressed optimism that this strengthened partnership will lay the groundwork for a more resilient and prosperous economic future for Sri Lanka, underpinned by an enduring relationship with Japan.