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EUR 390 mn debt stock rescheduled until 2042 - French Embassy in Colombo
The Island
|June 18, 2025
Sri Lanka and France have reached agreement on a debt stock of EUR 390 million until 2042, with a five-year grace period and a cap on original interest rates.
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The following is the text of a statement issued by the French Embassy in Colombo: “On Monday June 16th, 2025, France and Sri Lanka signed a bilateral agreement to implement the recommendations of the Memorandum of Understanding on the debt restructuring of Sri Lanka, concluded on June 26th 2024, with the official creditors committee - co-chaired by France, India and Japan and composed of these countries with the Paris Club creditors.
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