Ali Sabry, Sri Lanka’s Minister of Foreign Affairs, Justice, Prison Affairs, and Constitutional Reforms, has issued a stern warning against attempts to renegotiate the country's Debt Sustainability Agreement (DSA). Sabry outlined the DSA’s strict parameters, including reducing national debt from 133% to 95% of GDP, cutting foreign loan settlements from 9.3% to 4.5% of GDP, achieving a 2.1% primary balance surplus, and increasing tax revenue to 15% of GDP.

He highlighted that these conditions have been enshrined in law and altering them could endanger upcoming financial support. Sabry cautioned that resuming negotiations could jeopardize the next $400 million tranche from the IMF due in December, potentially affecting further funding from the World Bank and the Asian Development Bank. Without this support, Sri Lanka risks losing up to $1.3 billion between December 2024 and January 2025, which could lead to severe economic instability, including currency depreciation and rising inflation.