Sri Lanka and India have agreed to a debt restructuring agreement.

Sri Lanka and India have come to an agreement to restructure the nation’s debt. The deal affects several loans and investment projects in Sri Lanka. The agreement follows years of instability in Sri Lanka caused by poor government finances.

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https://www.reuters.com/world/asia-pacific/sri-lanka-restructures-nearly-9308-million-credit-lines-with-india-2025-05-15/