Sri Lanka and Japan signed agreements on Friday to restructure $2.5 billion worth of debt, completing two years of talks that will assist the island nation in getting back on its feet after a severe financial crisis.

The Japanese foreign ministry says Tokyo intends to further contribute to the sustainable development of Sri Lanka.

COLOMBO (Reuters) -- Sri Lanka and Japan signed agreements on Friday to restructure $2.5 billion worth of debt, completing two years of talks that will assist the island nation in getting back on its feet after a severe financial crisis.

Japan yesterday became the first bilateral creditor among the Official Creditor Committee (OCC) to restructure Sri Lanka’s bilateral external debt worth US $ 2.5 billion and unlocking doors to new projects.

The signing ceremony for the Exchange of Notes between the Government of Sri Lanka and the Government of Japan, as well as the Amendment Agreements between Sri Lanka and the Japan International Cooperation Agency (JICA) under the debt restructuring process ...

Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue with a $2.9 billion program from the international lender,

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with official creditors who had pledged debt relief to the cash-strapped nation last year. Japan said it was granting concessions on a 369.

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.

COLOMBO (Reuters) - Sri Lanka and Japan signed agreements on Friday to restructure $2.5 billion worth of debt, completing two years of talks that will assist the island nation in getting back on ...

Sri Lanka signed a deal with Japan on Friday to restructure $2.5 billion in loans, marking the first agreement with official creditors who had pledged debt relief to the cash-strapped nation last ...

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.