Supporting agreements with the international institutions
IMF programme under the Enhanced Structural Adjustment Facility (ESAF) approved on June 28, 1999
Download the IMF report : Letter of Intent of the government of Mozambique
Total external debt of the country
$5 130 million as of December 31, 2000
$2 802 million of which being due to Paris Club as of September 01, 2001
Amounts treated
$2 800 million of which $2 270 million being canceled, of which $530 million being rescheduled
Accorded treatment
Completion point reached on September 25, 2001
Categories of debt treated
Treatment of arrears as of September 01, 2001
Treatment of the stock as of September 01, 2001
Repayment profile
Treatment under HIPC Initiative Exit terms
Specific provisions
Possibility to conduct debt swaps
On 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.
Payment of non-consolidated amounts before March 31, 2002
Comparability of treatment provision
The Government of Mozambique commits itself to accord all categories of creditors -and in particular creditor countries not participating in the Agreed Minute, commercial banks and suppliers- 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 the Mozambique with its creditors not listed in the Agreed Minute on the one hand, and arrangements with the Participating Creditor Countries on the other hand, all relevant elements will be taken into account, including the exposure of the creditors not listed in the Agreed Minute, the level of cash payments received by those creditors from the Government of Mozambique as compared to their share in Mozambique's external debt, the nature and characteristics of all treatment applied, including debt buy backs, and all characteristics of the reorganised claims and in particular their repayment terms whatever forms they take, and in general the financial relations between the Government of Mozambique and the creditors not listed in the Agreed Minute.
Cut-off date
February 01, 1984
Organisation of the session
The meeting was chaired by Ambroise Fayolle, Vice President of the Paris Club.
The head of the debtor country's delegation was Luisa Dias Diogo, Ministry of Planning and Finance.