Sri Lanka has signed two separate deals to restructure much of its debt. The deals are with Japan, France and India, the countries that lead the 17-strong official creditor committee (OCC), and with the Export Import Bank (Exim) of China.

In the sidelines of the Paris Club meeting on June 26, Sri Lanka finalised a memorandum of understanding (MoU) with the OCC, based on a preliminary agreement that was reached in November last year. It owes the OCC countries about $5.8 billion, according to a Fin