Sri Lanka, July 14 -- The Government of Sri Lanka (GoSL) has signed Bilateral Amendatory Loan Agreements with the Saudi Fund for Development (SFD), marking a significant milestone in the country's ongoing External Debt Restructuring Process, the Ministry of Finance, Planning, and Economic Development stated.

The Kingdom of Saudi Arabia has played a pivotal role in supporting Sri Lanka by continuing loan disbursements even after the country declared a debt standstill due to its challenging economic circumstances.

This continued financial assistance has enabled significant progress in development projects across the country, without any disruptions to their implementation. Furthermore, the loans extended by the SFD were provided on conces...