Sri Lanka has recently signed bilateral renegotiation agreements with the Export-Import Bank of India (EXIM Bank) as part of the country’s ongoing external debt restructuring process.
The assistance provided by India during the economic crisis of 2021–2022—widely regarded as the worst financial crisis in Sri Lanka’s history—played a crucial role in stabilizing the nation’s economy. A significant portion of this emergency financial support was extended through India’s EXIM Bank.
Under the new agreements, the Government of India has restructured seven lines of credit and four Buyers’ Credit Facility Agreements, amounting to a total value of approximately US$ 930.8 million.
