The Implementation Letter on Debt Restructuring between the Governments of Sri Lanka and France was officially signed on Thursday (July 24), marking a key milestone in Sri Lanka’s external debt restructuring process.
This follows the bilateral agreement signed between the two governments on June 16, 2025, pursuant to the Memorandum of Understanding (MoU) with the Office of the Controller of Creditors (OCC) on June 26, 2024, the Ministry of Finance, Planning and Economic Development said in a statement.
As part of the agreement, the Finance Ministry, acting as the authorised representative of the Sri Lankan Government, was tasked with finalising Implementation Letters with key French institutions: the Agence Française de Développement (AFD), Bpifrance Assurance Export, and the Banque de France—who serve as representatives of the French Government in executing the provisions of the bilateral agreement.
Accordingly, the Implementation Letter with AFD was signed at the Finance Ministry premises on July 24, 2025.
