Srilanka, May 16 -- Treasury Secretary Mahinda Siriwardana and EXIM Bank of India General Manager Nirmit Ved (left) after signing the agreements

Sri Lanka has formalised a series of debt restructuring deals with the Export-Import Bank of India, covering credit lines and buyer's credit facilities worth approximately US$ 930.8 million, the Finance Ministry said yesterday.

The Bilateral Amendatory Agreements is part of Sri Lanka's broader efforts to address its external debt obligations. The agreements were signed on 25 March and 3 April, according to the ministry.

The restructuring covers seven Lines of Credit and four Buyer's Credit Agreements extended by the Indian government.

"The conclusion of the bilateral Amendment Agreements w...