Sri Lanka signs bilateral debt restructuring agreements with EXIM Bank of India

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.