🇯🇵
OCC MOU SIGNEDBILATERAL
Japan / JICA (Japan International Cooperation Agency)
ජපානය / JICA (ජපාන ජාත්යන්තර සහයෝගිතා ඒජන්සිය)
Japan has been a cornerstone development partner since independence, providing ultra-low-interest, long-tenure Yen loans for critical utilities, aviation gateways, and hydroelectric generation.
Current Outstanding$2.7 BRs. 815.4 B
Share of Total Debt2.9%7.4% of External Portfolio
Total Recorded Borrowing$7.1 BFirst: 1995 | Latest: 2025
Principal Repaid$4.4 BInterest: $0.88 B
Restructuring Treatment & Terms
Co-chaired the Official Creditor Committee (OCC) and signed comprehensive MoU in June 2024, reprofiling maturities through 2042 with grace period extensions at low concessional interest rates.
Typical Rate: 0.20% – 1.40% Highly Concessional Yen Terms
Average Tenure: 38 Years (Grace: 10y)
Currency Composition
JPY98%
USD2%
Major National Infrastructure Projects Financed
Bandaranaike International Airport (BIA) Phase 2 Expansion
Upper Kotmale Hydroelectric Power Project (150MW)
Kalu Ganga Water Supply Project
Colombo Urban Transport Development / LRT (Initiated)
National Transmission Grid Strengthening