Supporting agreements with the international institutions
Program with the IMF approved on June 24, 1998
Accorded treatment
Decision point reached on December 22, 2000
Categories of debt treated
Treatment of maturities falling due from December 01, 2000 up to June 30, 2005
Repayment profile
Treatment under Cologne terms (cancellation rate of 90%), after cancellation to a rate of 90%
Specific provisions
Possibility to conduct debt swaps
The Government of each participating 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 : all ODA loans, the amounts of other outstanding credits, loans and consolidations, up to 20 % of the amounts of outstanding credits as of June 30, 1998 or up to an amount of 15 million SDR, whichever is higher.
De minimis threshold of 100 000 SDR
Payment of non-consolidated amounts before April 30, 2002
Comparability of treatment provision
In order to secure comparable treatment of its debt due to all its external public or private creditors, the Government of the Republic of Rwanda commits itself to promptly negotiate debt reduction arrangements with all its external creditors debt reduction and reorganization arrangements on terms comparable in net present value to those set forth in the Agreed Minute for credits of comparable maturity.
Cut-off date
December 31, 1994
Organisation of the session
Have attended:
- AUSTRALIA, BELGIUM, DENMARK, FINLAND, GERMANY, ITALY, NORWAY, RUSSIAN FEDERATION, SPAIN, SWEDEN, SWITZERLAND, UNITED KINGDOM