SRI LANKA  Debt treatment -     May 10, 2005

Total external debt of the country

$11,700 million as of December 31, 2003, representing 64.1% of GDP (IMF report dated September 13, 2005)

$6,235 million of which being due to Paris Club as of January 1, 2005

Amounts treated

$227 million

Categories of debt treated

100% of the amounts of principal and interest due from January 1, 2005 up to December 31, 2005 on loans from Governments or appropriate institutions of the Participating Creditor Countries, having an original maturity of more than one year, concluded before January 1, 2005, shall be deferred

Repayment profile

Treatment under Ad Hoc terms

Specific provisions

De minimis threshold of 15,000 SDR

Payment of non-consolidated amounts before September 30, 2005

Organisation of the session

The meeting was chaired by Mr. Jean-Pierre Jouyet, Chairman of the Paris Club.

The head of the debtor country's delegation was Mrs. Chitranganee Wagiswara, Ambassador designate of the Republic of Sri Lanka.

Participating creditors
  • AUSTRALIA
  • CANADA
  • DENMARK
  • FRANCE
  • GERMANY
  • ITALY
  • JAPAN
  • NETHERLANDS
  • REPUBLIC OF KOREA
  • SWITZERLAND
  • UNITED STATES OF AMERICA
Observers
  • FINLAND
  • SWEDEN
  • IMF
  • World Bank