Sri Lanka Secures USD 39M Debt Relief from Denmark

COLOMBO (News 1st); Sri Lanka has entered into a bilateral agreement with Denmark as part of its ongoing external debt restructuring process.

This milestone underscores Colombo’s unwavering commitment to achieving debt sustainability and revitalizing its economy.

The agreement follows extensive bilateral discussions after Sri Lanka concluded a Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC). Under the terms, Denmark will extend a debt relief measure by rescheduling outstanding obligations amounting to USD 39 million.

The pact was formally signed by Dr. Harshana Suriyapperuma, Secretary of the Ministry of Finance, Planning and Economic Development, representing the Government of Sri Lanka, and Lars Løkke Rasmussen, Denmark’s Minister for Foreign Affairs.

The Government of Sri Lanka expressed its sincere appreciation to Denmark for its continued cooperation, noting that such partnerships are vital to rebuilding confidence in the country’s fiscal future.