The signing of the bilateral Agreement with the Government of French Republic in relation to the External Debt Restructuring Process, is a significant milestone of the External Debt Restructuring Process and 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 French Republic has played a pivotal role in spearheading Sri Lanka’s External Debt Restructuring Process, co-chairing the Official Creditor Committee alongside Japan 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 on yesterday (16) in Colombo. The Bilateral Agreement was signed by Mr. K.M. Mahinda Siriwardana, Secretary of the Ministry of Finance, Planning, and Economic Development, on behalf of the GoSL, and William Roos, Assistant Secretary, Multilateral Affairs, Trade and Development Policies Department, Directorate-general of the Treasury, on behalf of the Government of French Republic.
The conclusion of the Exchange of Notes and signing of the Agreement will certainly pave the way to developing further the deep and longstanding bilateral relationships between the Government of French and the Government of Sri Lanka.
