Sri Lanka has signed a bilateral agreement with the Government of Denmark to restructure $ 39 million of outstanding debt.

Following bilateral discussions after the conclusion of the MoU with the Official Creditor Committee (OCC), the Government of Denmark has agreed to extend a debt relief measure by rescheduling the outstanding debts.

The Bilateral Agreement was signed by Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma, on behalf of the GoSL, and Lars Løkke Rasmussen, Minister for Foreign Affairs, on behalf of the Government of Denmark. 

The estimated rescheduled debt under this agreement amounts to $ 39 million, the statement said.

According to the Ministry, entering into the Agreement will certainly pave the way to developing further the bilateral relationships between the Government of Denmark and the Government of Sri Lanka. 

“The Government of Sri Lanka extends its sincere appreciation to the Government of Denmark for its continued support and cooperation,” it added.