Sri Lanka received debt restructuring deals due to creditors’ confidence in its recovery: Minister

Sri Lanka on Wednesday (Jun 26) finalised a deal to restructure US$5.8 billion of debt owed to a group of creditor nations. It also signed an agreement with China’s Export-Import Bank to restructure more than US$4 billion worth of debt, helping to meet a key condition for an International Monetary Fund bailout. The cash-strapped South Asian nation had declared bankruptcy more than two years ago amid a severe crisis. CNA’s Tan Si Hui speaks to Jeevan Kumaravel Thondaman, Sri Lanka’s Water Supply and Estate Infrastructure Development Minister, at the sidelines of the World Economic Forum held in Dalian, China. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia