Sri Lanka and Japan have formally signed the Exchange of Notes and Amendment Agreements under the ongoing debt restructuring process. The signing ceremony took place this afternoon (March 7) at the Ministry of Finance.
The Exchange of Notes was signed by Mahinda Siriwardana, Secretary to the Ministry of Finance, Planning, and Economic Development, on behalf of Sri Lanka, and Akio Isomata, Ambassador of Japan to Sri Lanka, on behalf of Japan. Additionally, an Amendment Agreement was signed between Siriwardana and Tetsuya Yamada, Chief Representative of JICA.
Sri Lanka’s Department of External Resources described the agreements as a major milestone in the country’s debt restructuring efforts, reinforcing its commitment to restoring debt sustainability and revitalizing the economy.
Japan has played a key role in Sri Lanka’s debt restructuring, co-chairing the Official Creditor Committee alongside France and India. Its leadership and engagement have been vital in supporting Sri Lanka’s economic recovery.
The Department of External Resources further stated that these agreements would strengthen the long-standing bilateral ties between Sri Lanka and Japan.
