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Paris [France], June 27 (ANI): Sri Lanka sealed the debt restructuring deal of USD 5.8 billion with the Official Creditors Committee (OCC) on Wednesday, in a major step towards its recovery from the 2022 financial crisis. OCC, the group of creditor nations, including India, was launched on April 13, 2023, to hold talks among Sri Lanka’s bilateral creditors to finalise a plan for restructuring Sri Lanka’s debt, following the IMF’s approval for the Extended Fund Facility (EFF Programme) for Sri Lanka on March 20, 2023. “After several rounds of engagements, the OCC signed the Memorandum of Unders…

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