The International Monetary Fund (IMF) has praised Sri Lanka's recent milestone in finalizing debt agreements with its major official creditors. Peter Breuer, Senior Mission Chief for Sri Lanka, highlighted that this achievement is a crucial step towards completing the country's debt restructuring and restoring financial stability.

On June 26, 2024, Sri Lanka successfully concluded negotiations with the Official Creditor Committee (OCC) and China Exim Bank, securing agreements valued at a combined USD 10 billion. These restructuring arrangements with major bilateral lenders were facilitated under the OCC, co-chaired by Japan, India, and France. Key committee members include Australia, Austria, Belgium, Canada, Denmark, Germany, Hungary, Korea, the Netherlands, Russia, Spain, Sweden, the United Kingdom, and the United States of America.

Breuer expressed hope for swift progress in reaching agreements with external private creditors in the near future.