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Sri Lanka signs $2.5b debt deal with Japan
Sri Lanka signs $2.5b debt deal with Japan

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year. Formal agreements were delayed due to protracted negotiations, making Friday’s deal with Japan the first with an official creditor of the South Asian nation.