Tuesday Oct 28, 2025
Tuesday Oct 28, 2025
Tuesday, 28 October 2025 00:20 - - {{hitsCtrl.values.hits}}
Australia’s High Commissioner-Designate to Sri Lanka Matthew Duckworth (left) exchanging the agreement with Treasury Secretary Dr. Harshana Suriyapperuma
Sri Lanka and Australia have signed bilateral agreements to restructure around $ 39 million in outstanding debt, marking another milestone in Sri Lanka’s ongoing efforts to restore debt sustainability and strengthen its economic recovery following the Memorandum of Understanding (MoU) reached with the Official Creditor Committee (OCC).
The signing ceremony took place yesterday at the Finance Ministry, where Treasury Secretary Dr. Harshana Suriyapperuma signed on behalf of the Government of Sri Lanka.
The documents were formally exchanged with Australia's High Commissioner-Designate to Sri Lanka Matthew Duckworth.
Under the agreement, the Government of Australia has agreed to reschedule Sri Lanka’s outstanding debt obligations through a constructive bilateral process, offering relief that supports the country’s medium-term fiscal and economic reform agenda.
In a statement issued by the Finance Ministry, the Government expressed gratitude to the Government of Australia for its continued support and cooperation, describing the agreement as a reflection of the enduring and friendly relations between the two nations.
