The Ministry of Finance has announced that Sri Lanka has successfully completed consultations with the Official Creditor Committee (OCC) and the IMF, following the Agreement in Principle (AIP) reached on 19th September 2024 with holders of International Sovereign Bonds (ISBs).
The OCC confirmed that the AIP terms comply with the Comparability of Treatment (CoT) principle, while the IMF verified that they align with the Extended Fund Facility (EFF) program targets.
Following the Presidential elections on 21st September, the new government reaffirms its commitment to the debt targets and intends to expedite the ISB restructuring process.
Sri Lanka thanked its creditors, the IMF, and the OCC for their support. (NewsWire)
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