Japan resumes funding for Sri Lanka's 11 stalled projects, providing $1.1bn over five years, following a $10bn debt restructuring agreement.
Japan resumes funding for stalled projects in Sri Lanka, with 11 projects restarting and bringing $1.1bn over the next five years. This announcement follows Sri Lanka finalising a $10bn restructuring deal with its official creditors and bilateral creditors, including Japan, China, and India, agreeing to a $10bn debt rework. This rework grants Sri Lanka four years to defer repayments and saves $5bn in repayments.
July 24, 2024
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