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flag Sri Lanka signs $2.5 billion debt deal with Japan, a crucial step toward economic recovery.

flag Sri Lanka has signed a $2.5 billion debt restructuring deal with Japan, marking its first agreement with official creditors who pledged debt relief last year. flag This deal is seen as essential for Sri Lanka's economic recovery by the International Monetary Fund (IMF). flag Japan, Sri Lanka's second-largest lender, has played a pivotal role in helping restructure the country's debt. flag The agreement follows Sri Lanka's default on its $46 billion external debt in April 2022 and is a key step in its economic recovery.

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