Sri Lanka signed bilateral amendatory agreements with the Export-Import Bank of India on March 25 and April 3, 2025, as part of the ongoing external debt restructuring process. The agreements cover seven Lines of Credit and four Buyer’s Credit Facilities totalling approximately USD 930.8 million.
The agreements were signed by K.M. Mahinda Siriwardana, Secretary to the Ministry of Finance, Planning, and Economic Development, on behalf of the Government of Sri Lanka. Nirmit Ved, General Manager of the EXIM Bank of India, signed the Line of Credit agreements, and Amith Kumar, Deputy General Manager, signed the Buyer’s Credit Agreements.
India has co-chaired Sri Lanka’s Official Creditor Committee with France and Japan and has provided financial support during the crisis. Its role has included participation in the restructuring process and provision of emergency assistance.
The Government of Sri Lanka stated that the conclusion of these agreements supports further cooperation between the two countries.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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