Sri Lanka Finalizes $10 Billion Debt Restructuring Deal

Agreement with China and other nations marks critical step in economic recovery after 2022 financial crisis.

Sri Lanka secured a moratorium on debt repayments until 2028, with extended terms until 2043.
The deal covers bilateral debts with major creditors including China, India, Japan, and France.
Stalled infrastructure projects, such as airport expansions and light rail, are set to resume.
The agreement is a key condition for the $2.9 billion IMF bailout program.
Sri Lanka still needs to negotiate terms with private bondholders to fully stabilize its economy.