Overview

• Sri Lanka secured a moratorium on debt repayments until 2028, with extended terms until 2043.
• The deal covers bilateral debts with major creditors including China, India, Japan, and France.
• Stalled infrastructure projects, such as airport expansions and light rail, are set to resume.
• The agreement is a key condition for the $2.9 billion IMF bailout program.
• Sri Lanka still needs to negotiate terms with private bondholders to fully stabilize its economy.