Sri Lanka, Nov. 18 -- The Government of Sri Lanka has signed a bilateral agreement with the Government of Denmark as part of the ongoing External Debt Restructuring Process.

The agreement follows bilateral discussions after the conclusion of the Memorandum of Understanding with the Official Creditor Committee (OCC). Under the agreement, Denmark has agreed to provide debt relief by rescheduling USD 39 million of outstanding debt.

The Bilateral Agreement was signed by Dr. Harshana Suriyapperuma, Secretary of the Ministry of Finance, Planning and Economic Development, on behalf of Sri Lanka, and Mr. Lars Lokke Rasmussen, Denmark's Minister for Foreign Affairs.

The Sri Lankan government expressed appreciation to Denmark for its continued s...