The Official Creditors Committee alongside France and India co-chaired the signing, Ada Derana newspaper reported.

Sri Lanka’s Department of External Resources said the move is a testimony to Colombo’s commitment to restoring debt sustainability and thereby reviving the country’s economy.

The government agency praised, in a statement, Japan’s role throughout the process and “its leadership, commitment, and constructive engagement,” which it said was essential in helping Sri Lanka meet the challenges of the economic recovery.

It added that this cooperation spirit enabled the Sri Lankan Government to make significant progress in restoring debt sustainability.

The Department of External Resources also noted that the conclusion of the Exchange of Notes and the signing of the Amendment Agreement will pave the way for further developing the deep and lasting bilateral relationship between the two Governments.

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