Supporting agreements with the international institutions
program with the IMF under the PRGF approved on January 12, 2001
Total external debt of the country
$1 700 million as of December 31, 1999
$482 million of which being due to Paris Club as of December 31, 1999
Amounts treated
Categories of debt treated
Treatment of maturities falling due from January 01, 2001 up to December 31, 2002
Repayment profile
Treatment under Ad Hoc terms
- repayment of non ODA credits over 20 years, with 3 years of grace
- repayment of ODA credits over 20 years with 10 years of grace
Rescheduling of ODA credits and bilaterally rescheduled credits at an interest rate at least as favorable as the rate of the existing credits.
Specific provisions
Possibility to conduct debt swaps
Good will clause
Pullback clause
Phases
- First phase : From January 01, 2001 up to December 31, 2001, implemented at the signature of the agreeement
- Second phase : From January 01, 2002 up to December 31, 2002, implemented on October 02, 2002
De minimis threshold of 250 000 SDR
Payment of non-consolidated amounts before December 31, 2001
Comparability of treatment provision
yes
Cut-off date
November 01, 1999
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 Zurab NOGAIDELI, Minister of Finance.
Participating creditors
Files attached
ge060320001cpen6870.pdf (11.44 KB)