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S. Korea backs SL's recovery push with US $ 267mn EDCF debt amendment exchange
Daily Mirror - Sri Lanka
|May 07, 2026
The government last week moved to secure the continuity of a key source of concessional development financing, as the Republic of Korea formally exchanged the signed debt restructuring amendment agreements linked to 18 Economic Development Cooperation Fund (EDCF) loans worth around US $ 267 million.
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The exchange took place during the 2026 EDCF Policy Dialogue held in Colombo, where the senior officials from both countries reviewed the status of the ongoing Korean-funded infrastructure projects, aligned future development priorities and discussed the extension of the existing EDCF Framework Arrangement that underpins Seoul's concessional lending support to Sri Lanka.
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