Sri Lanka has shared details of its agreement with China's Exim Bank with the Paris Club. Reports from local news portals indicated the island nation had come to an agreement with the Chinese EXIM Bank in October this year to restructure the debt owed by Sri Lanka.<br />'' <br />''Central Bank Governor Nandalal Weerasinghe noted that sharing these details was a crucial step towards potential assistance from the Paris Club. Mr. Weerasinghe expressed hope that this would pave the way for clearing an impending International Monetary Fund (IMF) review before the year's end.<br />'' <br />''Weerasinghe highlighted the nation's efforts to align with December IMF targets concerning reserves and central bank credit to the government.<br />'' <br />''The official creditor committee which comprises India and several members of the Paris Club have been meeting regularly to formulate the debt restructuring plan. However, China had not joined the common platform actively and had remained an observer.<br />'' <br />''Last year's default on external debt commitments, coinciding with the nation's worst economic crisis since its independence, prompted severe scrutiny and criticism. Critics pointed fingers at flawed economic policies and criticized white elephant projects executed by China including the Hambantota port and Mattala Airport, attributing them to the crisis.<br />'' <br />''<span style="color: #222222;">In a recent development, the Sri Lankan Supreme Court, in a significant ruling, held the Rajapaksas responsible for the island's economic situation. The court underscored the direct contribution of 13 respondents in a Public Interest Litigation (PIL) to the ongoing crisis. Sri Lanka's external debt to Bilateral creditors currently exceeds $9 billion, with China's share alone accounting for over dollar 4.2 billion.</span><br />