Japan resumes yen loan disbursement to Sri Lanka

The government of Japan has officially decided to resume disbursement to Yen loan projects, which have been suspended since Sri Lanka's default in 2022.

The decision has been taken following the completion of the signing of a Memorandum of Understanding between the Official Creditor Committee and Sri Lanka on 23rd July and the expression of the willingness by the government of Sri Lanka to swiftly conclude a bilateral agreement on debt restructuring.

The official announcement of the President of Japan International Cooperation Agency (JICA) on the resumption of the disbursement was handed over to the Secretary to the Treasury and the Ministry of Finance, Economic Stabilization and National Policies, by Senior Representative of the JICA Sri Lanka Office.