Sri Lanka’s debt restructuring is nearing completion, according to the 5th Co-Chairs Progress Report of the Global Sovereign Debt Roundtable (GSDR).

The report notes that while debt levels in low-income and emerging economies have stabilized, they remain above pre-pandemic levels, with countries like Sri Lanka still facing debt-servicing challenges.

Following the successful completion of the IMF’s fourth review in July 2025, Sri Lanka has signed six agreements with official bilateral creditors, while talks with commercial lenders continue.

The GSDR emphasises the need to improve restructuring mechanisms, enhance debt transparency, and strengthen debtor–investor relations to prevent future crises.

Sri Lanka was listed among nations showing notable progress outside the Common Framework, alongside Suriname, while countries like Ethiopia, Ghana, and Zambia continue their processes under it.

The GSDR plans to release an updated Restructuring Playbook in April 2026, along with a digital loan data platform to improve global debt transparency.