Sri Lanka, Oct. 28 -- Sri Lanka Matthew Duckworth and Finance, Planning and Economic Development Ministry Secretary Dr. Harshana Suriyapperuma in a firm handshake following the exchange of the agreement

Sri Lanka and Australia yesterday entered into bilateral agreements on external debt restructuring, marking a "significant milestone" in the island nation's ongoing efforts to restore debt sustainability and revamp its economy, the Finance Ministry said yesterday.

"These agreements reflect the strong commitment of the government of Sri Lanka to conclude the external debt restructuring process in a timely manner, following the memorandum of understanding reached with the Official Creditor Committee," the Finance Ministry said.

Finance, P...