Classic terms

1/ History

Classic terms are the standard terms applied to a debtor country coming to the Paris Club.

As of today, 61 countries have benefited from the classic terms.

2/ Eligibility

Any country which has an appropriate program with the IMF that shows the need for Paris Club debt relief may benefit from classic terms.

3/ Description

Credits (whether ODA or non-ODA) are rescheduled at the appropriate market rate with a repayment profile negotiated on a case-by-case basis.