Sri Lanka’s Parliament is set to debate the nation's debt restructuring agreements on July 2 and 3, with a crucial vote scheduled for the evening of July 3, 2024. Speaker Mahinda Yapa Abeywardena has urged all Members of Parliament (MPs) to attend the Special Sitting on July 2 at 9:30 a.m., as per Standing Order No. 16.

On June 26, 2024, Sri Lanka successfully concluded negotiations with the Official Creditor Committee (OCC) and China Exim Bank, marking significant progress in stabilizing its financial situation amid recent economic challenges. The agreements, totaling USD 10 billion, involve restructuring arrangements with major bilateral lenders under the OCC, co-chaired by Japan, India, and France. Other notable committee members include Australia, Austria, Belgium, Canada, Denmark, Germany, Hungary, Korea, the Netherlands, Russia, Spain, Sweden, the United Kingdom, and the United States.