Sri Lanka reaches debt restructuring agreement for $5.8 bn

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Sri Lanka has secured a final restructuring agreement for $5.8 billion of debt with its bilateral lenders’ Official Creditor Committee in Paris.

According to the President’s Media Division, the agreement was finalized a short while ago, marking a crucial step in the nation’s efforts to stabilize its economy.

This deal provides substantial debt relief for Sri Lanka, a nation that has faced significant financial challenges in recent years.

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