Sri Lanka gaining the trust of the international community is promising news for its future. Recently, during the 2024 Paris Dialogue in France,
Sri Lanka and the official creditor committee reached a successful agreement on the long-awaited debt restructuring program with bilateral creditors.
The Sunday Observer reached out to educators, prominent bankers, Chambers of Commerce, and those involved in the import and export trade to gather insights on the advantages and
Since securing a comprehensive credit facility with the International Monetary Fund, Sri Lanka has regained some international recognition starting from March 2023.
Recently, another significant development has reinforced this stance: the agreement to restructure debt with bilateral creditors. Securing concessions to facilitate repayment of these bilateral loans is crucial. The recent agreement marks an acceptable compromise reached between bilateral creditors and the Government on several fronts.
