Sri Lanka likely to sign bilateral debt agreements on Wednesday, foreign minister says

Sri Lanka likely to sign bilateral debt agreements on Wednesday, foreign minister says

COLOMBO - Sri Lanka was expecting to sign the bilateral debt restructuring agreements with key creditors Japan and India on Wednesday, Foreign Ministry Ali Sabry told Reuters on Tuesday.

"The president said the bilateral agreements will most probably be signed tomorrow ," Sabry added."The parameters of the debt restructuring was submitted to cabinet earlier." Sri Lanka reached a provisional agreement in November with the Official Creditor Committee , co-chaired by Japan, France and India in a key step to its economic recovery, which has been aided by a $2.9 billion bailout package from the International Monetary Fund .

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