Entering into the bilateral Agreement with the United Kingdom of Great Britain and Northern Ireland in relation to the External Debt Restructuring Process is a significant milestone of the External Debt Restructuring Process and a testament to the GoSL's commitment to conclude the restructuring process as soon as possible to restore debt sustainability and thereby revamp Sri Lanka's economy.

Following bilateral discussions after the conclusion of the MoU with the Official Creditor Committee (OCC), the United Kingdom of Great Britain and Northern Ireland has agreed to provide a debt relief measure by rescheduling the outstanding debts.

Sharing the Diplomatic Notes related to the Bilateral Agreement took place between Dr. Harshana Suriyapperuma, Secretary of the Ministry of Finance, Planning and Economic Development and H.E. Andrew Patrick, British High Commissioner to Sri Lanka on behalf of the United Kingdom of Great Britain and Northern Ireland, at the Ministry of Finance.

The estimated rescheduled debt under this agreement amounts to USD 86,068,439.80 and JPY 582,940,944.31.

Entering into the Agreement will certainly pave the way to developing further the deep and longstanding bilateral relationships between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Sri Lanka.