The government will sign a MoU with the official creditor committee of the Paris Club of Nations and an agreement with the Export-Import Bank of China and Ad Hoc Private Bondholder’s group will be reached on Wednesday June 26, a top government official closely associated with negotiations told the Business Times.

Sri Lanka will announce the country’s freedom from bankruptcy status on Thursday June 27, 26 months after declaring a preemptive default in April 12, 2022 suspending external debt repayment at a time where the country’s gross official reserves stood at just US$ 20 million, he disclosed.

India and China have expressed willingness to continue to work with relevant countries and international financial institutions to support Sri Lanka’s debt sustainability and agreements with bilateral creditors have been assured, he added