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Saudi Fund Restructures over SAR 517 Million in Loans to Aid Sri Lanka’s Debt Recovery - LNW Lanka News Web

In a significant boost to Sri Lanka’s ongoing debt restructuring efforts, the government has signed bilateral amendatory loan agreements with the Saudi Fund for Development (SFD) to restructure a total of SAR 516.95 million (approximately USD 138 million). This agreement, signed in Colombo on Monday, comes at a time when the crisis-hit island nation is grappling with one of its worst economic downturns in decades. The Finance Ministry noted that…
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The President of the Socialist Democratic Republic of Sri Lanka, Anura Kumara Dessanayake, and the Executive Chairman of the Saudi Fund for Development Sultan Abdulrahman Al-Murhad, reviewed the close development relations between the two sides for some 45 years and examined ways to strengthen development cooperation through funding development projects and programmes in various critical sectors; to promote social growth and economic prosperity …

·Mecca, Saudi Arabia
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Lanka News Web (LNW) broke the news in on Tuesday, July 15, 2025.
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