Friday Jan 09, 2026
Friday Jan 09, 2026
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German Embassy Chargé d’Affaires a.i. Sarah Hasselbarth (left) with Treasury Secretary Dr. Harshana Suriyapperuma
The Finance Ministry yesterday said it has signed a bilateral agreement with the Federal Republic of Germany to restructure external debt amounting to € 188 million, marking a further milestone in Sri Lanka’s ongoing debt restructuring process.
The Ministry said entering into the Agreement on Debt Restructuring between the Federal Republic of Germany and the Government of the Democratic Socialist Republic of Sri Lanka reflects the Government’s continued commitment to conclude the external debt restructuring process successfully in order to restore debt sustainability and revamp the economy.
Following bilateral discussions after the conclusion of the Memorandum of Understanding (MoU) with the Official Creditor Committee, the Federal Republic of Germany has agreed to extend a debt relief measure by rescheduling Sri Lanka’s outstanding debts.
The bilateral agreement was signed by Treasury Secretary Dr. Harshana Suriyapperuma on behalf of the Government of Sri Lanka and German Embassy Chargé d’Affaires a.i. Sarah Hasselbarth on behalf of the Federal Republic of Germany.
The Finance Ministry said the estimated rescheduled debt under the agreement amounts to € 188 million.
It added that entering into the agreement will pave the way to further developing the deep and longstanding bilateral relationship between the Federal Republic of Germany and Sri Lanka, while extending sincere appreciation to the German Government for its continued support and cooperation.
