Announcing this, Peter Breuer, Senior Mission Chief for Sri Lanka also said that the debt restructuring with China was concluded on a strictly confidential basis for the International Monetary Fund (IMF) to conclude its first review of the USD 2.9 billion bailout.
China holds 52 per cent of Sri Lanka's total debt.
"The Chinese agreement in principle was very good news in Sri Lanka's debt restructuring talks. We have seen a summary of the key financial terms of the agreement shared by authorities on a strictly confidential basis," Breuer told reporters on Tuesday.
The IMF late Tuesday concluded the review and approved the release of the second tranche worth USD 337 million to the island nation, bringing the value of disbursements to USD 670 million in the four-year facility.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
ECI delegation in Jharkhand to review poll preparedness
A delegation of the Election Commission of India led by Chief Election Commissioner Rajiv Kumar arrived in Ranchi on Monday to review poll preparedness for assembly elections in Jharkhand expected to be held later this year.
Tirupati Prasadam row: BJP's TN unit urges Andhra govt to take action to restore trust
The BJP's Tamil Nadu unit on Monday urged the Andhra Pradesh government to take swift action to restore the trust of the devotees of Tirumala Venkateshwara Temple following the laddu prasadam controversy.
West Bengal BJP leaders stage protest, demand justice for RG Kar incident
West Bengal BJP leaders on Monday staged a protest outside the DC north office demanding justice in the RG Kar Medical College and Hospital rape-murder incident.
SC urges Parliament to amend POCSO Act to rename 'child pornography'
The Supreme Court on Monday urged the Parliament to bring a law amending the Prevention of Children from Sexual Offences (POCSO) Act to replace the term \"child pornography\" with \"child sexual exploitative and abusive material.
Apex court lists hearing on RG Kar rape-murder case for Sept. 30
The Supreme Court on Monday listed for September 30 the hearing on a suo motu petition on the rape and murder of a doctor in the state-run RG Kar Medical College and Hospital in Kolkata, West Bengal.
Farooq Abdullah urges support for Congress-NC alliance
National Conference (NC) chief Farooq Abdullah urged people to vote for the Congress-NC alliance in the ongoing Jammu and Kashmir Assembly elections, emphasizing that the contest is not about religion but about action.
Rahul Gandhi Criticizes PM Modi, Calls for Restoration of J&K Statehood
Leader of the Opposition and senior Congress leader Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi today, accusing him of ignoring critical issues in Jammu and Kashmir while engaging in rhetoric through his \"Man ki Baat\" broadcasts.
Mayawati slams Congress for marginalising Dalit leaders
In the midst of an escalating political controversy surrounding the alleged sidelining of senior Congress Dalit leader Kumari Selja in Haryana, Bahujan Samaj Party (BSP) supremo Mayawati launched a scathing attack on the Congress, accusing it of using Dalit leaders for political expediency.
Union Minister Bittu criticises Rahul, highlights respect for Sikhs as 'Sardar Ji
Following Rajasthan Congress president Govind Singh Dotasara's warning, Minister of State for Railways Ravneet Singh Bittu arrived in Jaipur on Monday.
J&K: OVER 25 LAKH VOTERS TO DECIDE FATE OF 239 CANDIDATES IN 2ND PHASE POLLS
Poonch district, with three constituencies, has 3,52,330 voters facilitated by 483 polling stations, while Reasi has 2,37,205 voters and 436 polling stations.
