In order to secure comparable treatment of its debt due to all its external public or private creditors, the Government of Antigua and Barbuda commits to seek promptly from all its external creditors debt reorganisation arrangements on terms comparable to those set forth in the Agreed Minutes dated 16 September 2010, while trying to avoid discrimination among different categories of creditors. Consequently, the Government of Antigua and Barbuda commits to accord all categories of creditors -and in particular creditor countries not participating in the Agreed Minutes dated 16 September 2010, and private creditors- a treatment not more favourable than that accorded to the Participating Creditor Countries.

For the purpose of the comparison between the arrangements concluded by the Government of Antigua and Barbuda with its creditors not listed in the Agreed Minutes dated 16 September 2010 on the one hand, and with the Participating Creditor Countries on the other hand, all relevant elements shall be taken into account, including the real exposure of the creditors not listed in the Agreed Minutes dated 16 September 2010, the level of cash payments received by those creditors from the Government of Antigua and Barbuda as compared to their share in Antigua and Barbuda‘s external debt, the nature and characteristics of all treatment applied, including debt buy backs, and all characteristics of the reorganized claims and in particular their repayment terms whatever forms they take and in general the financial relations between the Government of Antigua and Barbuda and the creditors not listed in the Agreed Minutes dated 16 September 2010. It is understood that debt issued on the regional government securities market (RGSM) should not be subject to comparability of treatment.