Supporting agreements with the international institutions
Program supported by the Stand-by Arrangement with the IMF approved on August 29, 2003
Total external debt of the country
$1 561 million of which being due to Paris Club as of January 01, 2004
Amounts treated
$193 million
Categories of debt treated
Treatment of arrears as of December 31, 2003
Treatment of maturities falling due from January 01, 2004 up to December 31, 2004
Repayment profile
Treatment under Classic terms
- repayment of non ODA credits over 12 years, with 5 years of grace
- repayment of ODA credits over 12 years with 5 years of grace
Specific provisions
Possibility to conduct debt swaps
On a voluntary and bilateral basis, the Government of each creditor country or its appropriate institutions may sell or exchange, in the framework of debt for nature, debt for aid, debt for equity swaps or other local currency debt swaps: (i) the amounts of outstanding loans mentioned in paragraph 1 as regards Official Development Assistance loans; (ii) the amounts of other outstanding credits mentioned in paragraph 1 above, up to 10% of the amounts of outstanding credits as of September 30, 1991 or up to an amount of 10 million dollars of the United States of America, whichever is higher.
Payment of non-consolidated amounts before December 31, 2004
Comparability of treatment provision
In order to secure comparable treatment of its debt due to its other external public or private creditors, the Government of the Dominican Republic commits to seek promptly from its external creditors debt reorganization arrangements on terms comparable to those set forth in the present Agreed Minute, while trying to avoid discrimination among different categories of creditors. The Government of the Dominican Republic commits to accord all categories of creditors -and in particular creditor countries not participating in the present Agreed Minute, and private sector- a treatment not more favourable than that accorded to the Participating Creditor Countries for credits of comparable maturity.
Cut-off date
June 30, 1984
Organisation of the session
The meeting was chaired by Mrs Stéphane Pallez, Co Chairperson of the Paris Club.
The head of the debtor country's delegation was Mr. Carlos Despradel, Technical Secretary of the Presidency
- BELGIUM, CANADA, DENMARK, ITALY, NORWAY, SWITZERLAND, UNITED KINGDOM
Files attached
PrRepDom15and16Apr046870.pdf (131.57 KB)