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Cash-Strapped Sri Lanka Set to Sign Key Debt Deals With China and Other Lenders

A man walks past posters pasted on a roadside wall saying 'good news' in Sinhala language, in Colombo on June 25, 2024, as President Ranil Wickremesinghe is expected to announce a debt restructure deal with bilateral lenders after a sovereign default in April 2022. Ishara S.Kodikara / AFP

Sri Lanka has finalized long-delayed debt deals with its bilateral lenders, including China, to meet a key condition of an IMF bailout, the government said Tuesday.

A treasury delegation is on its way to France to sign agreements with creditors on Wednesday, government spokesman Bandula Gunawardana said.

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