Sri Lanka, Jan. 28 -- Sri Lanka has entered into a bilateral agreement with CREDENDO - the Export Credit Agency of Belgium to reschedule an outstanding external debt amounting to 9.6 million euros, as part of the Government's ongoing external debt restructuring efforts aimed at restoring debt sustainability and strengthening economic recovery.

Following bilateral discussions held after the conclusion of the Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC), CREDENDO - Export Credit Agency of Belgium has agreed to provide debt relief by rescheduling Sri Lanka's outstanding debts, according to the Ministry of Finance, Planning and Economic Development.

The bilateral agreement was signed by Dr. Harshana Suriyappe...