Debt relief of the external public debt on 11th April 2012, following the approval by the International Monetary Fund (IMF) of a new three-year arrangement under the Extended Credit Facility on 24th February 2012
Categories of debt treated:
Treatment of arrears as of December 31, 2011. Treatment of the stock as of January 01, 2012
Treatment of maturities falling due from January 01, 2012 up to December 31, 2014
repayment of non ODA credits over 23 years, with 6 years of grace
repayment of ODA credits over 40 years with 16 years of grace
On an exceptional basis, considering the Republic of Guinea's limited capacity of payment, creditors have also agreed to defer and reschedule over an eight-year period the repayment of maturities due by the Republic of Guinea on short term and post cut-off date debts; and, over a three-year period the arrears on those claims. They also agreed to defer all the interest due on the amounts treated.
Specific provisions:
Possibility to conduct debt swaps
On a voluntary and bilateral basis, 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:
i) all official development assistance loans;
(ii) the amounts of outstanding credits, loans and consolidations, up to 20% of the amounts of outstanding credits as of 31st December 1992 or up to an amount of 20 million SDR, whichever is higher.
Phases
First phase : From January 01, 2012 up to December 31, 2012, implemented at the signature of the agreement
Second phase : From January 01, 2013 up to December 31, 2013, not implemented
Third phase : From January 01, 2014 up to December 31, 2014, not implemented
Comparability of treatment provision:
The Republic of Guinea was declared eligible to the Enhanced HIPC initiative by the IDA and the IMF in 2000 and was declared to have reached its Decision Point in December 2000. In this context, the Republic of Guinea commits to seek promptly from all its external creditors which are not participating in the Agreed Minutes dated 11 April 2012, their appropriate contribution in terms of debt relief to the enhanced HIPC initiative, on top of traditional debt relief mechanisms and consistent with the proportional burden sharing based on their relative exposure in net present value of total external debt at Decision Point after the full use of traditional debt relief mechanisms.
The appropriate nature of the debt relief provided will be assessed not only on the basis of the reduction in the net present value of the debt as computed under Appropriate Market Rate, but also on the terms of repayment of the debts not cancelled. For this purpose, all relevant elements will be taken into account, including the level of cash payments received by those creditors as compared to their share in the Republic of Guinea'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 Republic of Guinea and creditor countries not listed in the Agreed Minutes dated 11 April 2012.
Consequently, the Republic of Guinea commits not to accord any category of creditors -and in particular creditor countries not participating in the Agreed Minutes dated 11 April 2012, commercial banks, suppliers and bondholders- a treatment more favourable than that accorded to the Participating Creditor Countries.
Cut-off date:
January 01, 1986
Organisation of the session:
The meeting was chaired by Mr. Ramon FERNANDEZ, Chairman of the Paris Club.
The head of the debtor country's delegation was Mr. Kerfalla YANSANE, Minister of Economy and Finance.
Debt cancellation for the Republic of Guinea-Bissau following its Completion Point under the enhanced initiative for the Heavily Indebted Poor Countries (enhanced HIPC Initiative) reached on 16 December 2010
Categories of debt treated:
Treatment of arrears as of November 30, 2010. Treatment of the stock as of December 01, 2010
Repayment profile:
Treatment under HIPC Initiative Exit terms
Creditors also committed on a bilateral basis to cancel an additional USD 27 million.
Specific provisions:
Possibility to conduct debt swaps
On a voluntary and bilateral basis, 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:
(i) all official development aid loans;
(ii) the amounts of other outstanding credits, loans and consolidations, up to 20% of the amounts of outstanding credits as of 31 December 1994 or up to an amount of SDR 20 million, whichever is higher.
Comparability of treatment provision:
The Republic of Guinea-Bissau was declared eligible to the enhanced HIPC Initiative by the IDA and the IMF in 1998 and was declared to have reached its Completion Point in December 2010. In this context, the Republic of Guinea-Bissau commits to seek promptly from all its external creditors which are not participating in the Agreed Minutes dated 10 May 2011, their appropriate contribution in terms of debt relief to the enhanced HIPC Initiative, on top of traditional debt relief mechanisms and consistent with the proportional burden sharing based on their relative exposure in net present value of total external debt at Decision Point after the full use of traditional debt relief mechanisms.
The appropriate nature of the debt relief provided will be assessed not only on the basis of the reduction in the net present value of the debt as computed under Appropriate Market Rate, but also on the terms of repayment of the debts not cancelled. For this purpose, all relevant elements will be taken into account, including the level of cash payments received by those creditors as compared to their share in the Republic of Guinea-Bissau'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 Republic of Guinea-Bissau and all their other creditors.
Consequently, the Republic of Guinea-Bissau commits not to accord any category of external creditors -and in particular litigating creditors, creditor countries not participating in the Agreed Minutes dated 10 May 2011, commercial banks, suppliers and bondholders- a treatment more favourable than that accorded to the Participating Creditor Countries.
Cut-off date:
December 31, 1986
Organisation of the session:
The meeting was chaired by Mr. Rémy RIOUX, Vice Chairman of the Paris Club
The head of the debtor country's delegation was Mr. José Mario VAZ, Minister of Finance
Debt relief of the external public debt, following the approval by the International Monetary Fund (IMF) of a new three year arrangement under the Extended Credit Facility on 7 May 2010
Categories of debt treated:
Treatment of arrears as of December 31, 2009.
Treatment of maturities falling due from January 01, 2010 up to December 31, 2012
repayment of non ODA credits over 23 years, with 6 years of grace
repayment of ODA credits over 40 years with 16 years of grace
On an exceptional basis, considering the Republic of Guinea-Bissau's limited capacity of payment, creditors have also agreed to defer until after 31 December 2012 the repayment of maturities due by the Republic of Guinea-Bissau on short term and post-cut off date debts, as well as a very significant part of the arrears on those claims. They also agreed to defer all the interest due on the amounts treated.
These measures are expected to reduce by more than 98% the debt service (including the arrears) due by the Republic of Guinea-Bissau to Paris Club creditors between 1st January 2010 and 31 December 2012.
Specific provisions:
Possibility to conduct debt swaps
On a voluntary and bilateral basis, 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:
(i) the amounts of outstanding loans, as regards ODA loans;
(ii) the amounts of other outstanding credits, loans and consolidations, up to 20% of the amounts of outstanding credits as of 31 December 1994 or up to an amount of SDR 20 million, whichever is higher.
Good will clause
Given the decision by Paris Club Creditors to contribute to the exceptional assistance in favour of the Government of the Republic of Guinea-Bissau under the Enhanced HIPC Initiative, the Participating Creditor Countries declare their readiness in principle to hold a meeting following the Completion Point designed to examine the question of the Republic of Guinea-Bissau's outstanding debt stock and to make the necessary effort in favour of the Republic of Guinea-Bissau to allow it to reach the objective of its debt sustainability in the context of an equitable burden sharing among creditors, provided that:
- the Government of the Republic of Guinea-Bissau maintains satisfactory relations with the Participating Creditor Countries and a sound adjustment track record;
- the Executive Boards of the IMF and the IDA decide that the Republic of Guinea-Bissau has reached its Completion Point under the enhanced HIPC initiative.
Phases
First phase : From January 01, 2010 up to December 31, 2010, implemented at the signature of the agreement
Second phase : From January 01, 2011 up to December 31, 2011, not implemented
Third phase : From January 01, 2012 up to December 31, 2012, not implemented
Comparability of treatment provision:
The Republic of Guinea-Bissau was declared eligible to the Enhanced HIPC initiative by the IDA and the IMF in 1998 and was declared to have reached its Decision Point in December 2000. In this context, the Government of the Republic of Guinea-Bissau commits to seek promptly from all its external creditors which are not participating in the Agreed Minutes dated 6 July 2010, their appropriate contribution in terms of debt relief to the enhanced HIPC initiative, on top of traditional debt relief mechanisms and consistent with the proportional burden sharing based on their relative exposure in net present value of total external debt at Decision Point after the full use of traditional debt relief mechanisms.
The appropriate nature of the debt relief provided will be assessed not only on the basis of the reduction in the net present value of the debt as computed under Appropriate Market Rate, but also on the terms of repayment of the debts not cancelled. For this purpose, all relevant elements will be taken into account, including the level of cash payments received by those creditors as compared to their share in the Republic of Guinea-Bissau'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 Republic of Guinea-Bissau and creditor countries not listed in the Agreed Minutes dated 6 July 2010.
Consequently, the Government of the Republic of Guinea-Bissau commits not to accord any category of creditors -and in particular creditor countries not participating in the Agreed Minutes dated 6 July 2010, commercial banks, suppliers, bondholders and litigating creditors- a treatment more favourable than that accorded to the Participating Creditor Countries.
Cut-off date:
December 31, 1986
Organisation of the session:
The meeting was chaired by Mr. Rémy RIOUX, Vice Chairman of the Paris Club.
The head of the debtor country's delegation was Mr. José Mario VAZ, Minister of Finance.
Restructuring of the public external debt. Given its track-record of reforms as well as the burden of its external indebtedness, Guinea-Bissau reached in December 2000 its decision point under the enhanced HIPC Initiative.
Categories of debt treated:
Treatment of arrears as of November 30, 2000
Treatment of maturities falling due from December 01, 2000 up to December 31, 2003
Repayment profile:
Treatment under Cologne terms (cancellation rate of 90%)
repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 90%
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) all ODA loans; (ii) the amounts of other outstanding credits, loans and consolidations, up to 20% of the amounts of outstanding credits as of December 31, 1994 or up to an amount of SDR 20 million, whichever is higher. Participating creditor countries and the Government of the Republic of Guinea-Bissau will inform semi-annually the Secretariat of the Paris Club, who will inform other creditors, of the debt swaps agreements they have implemented. All elements necessary to evaluate the operation, its impact on the Republic of Guinea-Bissau's economy and on the evolution of creditor's exposure will be transmitted to the Secretariat including: its nature and purpose; the parties to the debt swap; the amount, type and value of the debt treated ; the price of sale to investors and the expense of the Republic of Guinea-Bissau.
Given the decision by Paris Club Creditors to contribute to the exceptional assistance in favour of the Republic of Guinea-Bissau under the enhanced Debt Initiative for the Heavily Indebted Poor Countries, the Participating Creditor Countries declare their readiness in principle to hold a meeting at the completion point designed to examine the question of the Republic of Guinea-Bissau's outstanding debt stock and to make the necessary effort, in favour of the Republic of Guinea-Bissau to reach the objective of its debt sustainability in the context of an equitable burden sharing among creditors, provided that:
- the Republic of Guinea-Bissau maintains satisfactory relations with participating Creditor Countries, fully implements all the agreements signed with them and maintains a sound adjustment track record;
- the Boards of the International Monetary Fund and the International Development Association decide that the Republic of Guinea-Bissau has reached its completion point under the enhanced Debt Initiative for the Heavily Indebted Poor Countries.
Pullback clause
The Participating Creditor Countries will review the implementation of the conditions stated in paragraph 3. hereabove. If, in light of the decisions taken by the Board of the International Monetary Fund, the Participating Creditor Countries determine that these conditions were not fulfilled for the implementation of the Agreed Minute dated January 26, 2001 they may declare part or all of the provisions set forth in Article II-2 above in the Agreement null and void.
Phases
First phase : From December 01, 2000 up to December 31, 2001,implemented at the signature of the agreement
Second phase : From January 01, 2002 up to December 31, 2002, not implemented
Third phase : From January 01, 2003 up to December 31, 2003, not implemented
De minimis threshold of 200 000 SDR
Payment of non-consolidated amounts before April 30, 2001
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 Guinea-Bissau commits itself to seek from all its external creditors debt reduction and reorganisation arrangements on terms comparable in net present value to those set forth in the Agreed Minute dated January 26, 2001 for credits of comparable maturity. Comparability of treatment for debt reduction in net present value is assessed not only on the basis of the reduction in the face value of the debt but also on the terms of repayment of the debts not cancelled.
Consequently, the Government of the Republic of Guinea-Bissau 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 favorable than that accorded to the Participating Creditor Countries.
For the purpose of the comparison between the arrangements concluded by the Government of the Republic of Guinea-Bissau 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 the Republic of Guinea-Bissau as compared to their share in the Guinea-Bissau'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 the Republic of Guinea-Bissau and the creditors not listed in the Agreed Minute.
Cut-off date:
December 31, 1986
Organisation of the session:
The meeting was chaired by Mr. Bruno BEZARD, Vice President of the Paris Club.
The head of the debtor country's delegation was Mr. Faustino IMBALI, Minister of Finance.
Debt cancellation, the Republic of Guinea having reached its Completion Point under the enhanced initiative for the Heavily Indebted Poor Countries (enhanced HIPC Initiative) on 26 September 2012
Categories of debt treated:
Treatment of the stock as of September 01, 2012
Repayment profile:
Treatment under HIPC Initiative Exit terms
Paris Club creditors also confirmed their willingness to grant additional debt relief on a voluntary and bilateral basis for an amount of USD 299.6 million. The Paris Club agreement and additional bilateral efforts will result in a reduction of the debt of the Republic of Guinea to Paris Club creditors of 99.2%, i.e. USD 655.9 million.
Specific provisions:
Possibility to conduct debt swaps
On a voluntary and bilateral basis, 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:
(i) all official development assistance loans;
(ii) the amounts of outstanding credits, loans and consolidations, other than official development assistance loans, up to 20% of the amounts of outstanding credits as of 31st December 1992 or up to an amount of 20 million SDR, whichever is higher.
Comparability of treatment provision:
The Republic of Guinea was declared eligible to the enhanced HIPC Initiative by the IDA and the IMF in 2000 and was declared to have reached its Completion Point in September 2012. In this context, the Republic of Guinea commits to promptly seek from all its bilateral and commercial external creditors which are not participating in the Agreed Minutes dated 25 October 2012 their appropriate contribution, in terms of debt relief, to the enhanced HIPC Initiative, on top of traditional debt relief mechanisms, and consistent with the proportional burden sharing based on their relative exposure in net present value of total external debt at Decision Point after the full use of traditional debt relief mechanisms.
The appropriate nature of the debt relief provided will be assessed not only on the basis of the reduction in the net present value of the debt as computed under the Appropriate Market Rate, but also on the terms of repayment of the debts not cancelled. For this purpose, all relevant elements will be taken into account, including the level of cash payments received by those creditors as compared to their share in the Republic of Guinea's external debt, the nature and characteristics of all treatment applied, including debt buy backs, all characteristics of the reorganized claims -and in particular their repayment terms, regardless of the forms they take- and, more generally, the financial relations between the Republic of Guinea and all their other creditors.
Consequently, the Republic of Guinea commits not to grant any category of external bilateral and commercial creditors -and in particular litigating creditors, creditor countries not participating in the Agreed Minutes dated 25 October 2012, commercial banks, suppliers and bondholders- a treatment more favourable than that granted to Participating Creditor Countries.
Cut-off date:
January 01, 1986
Organisation of the session:
The meeting was chaired by Mr. Arnaud BUISSÉ, Vice-Chairman.
The head of the debtor country's delegation was Mr. Kerfalla YANSANÉ, Minister of State in charge of Economy and Finance.
Restructuring of the external public debt, following the approval by the International Monetary Fund (IMF) of a new arrangement under the Poverty Reduction and Growth Facility on 21 December 2007
Categories of debt treated:
Treatment of arrears as of December 31, 2007
Treatment of maturities falling due from January 01, 2008 up to December 31, 2010
Repayment profile:
Treatment under Cologne terms (cancellation rate of 90%)
repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 90%
repayment of ODA credits over 40 years with 16 years of grace
Specific provisions:
Possibility to conduct debt swaps
On a voluntary and bilateral basis, 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:
(i) the amounts of outstanding loans as regards ODA debts with the exception of the loans administered by IDA and provided by the European Union member states.
(ii) the amounts of other outstanding credits, loans and consolidations with the exception of the loans administered by IDA and provided by the European Union member states, up to 20% of the amounts of outstanding loans, credits and consolidations as of 31 December 1992 or up to an amount of 20 million SDR, whichever is higher.
Good will clause
Given the decision by Paris Club Creditors to contribute to the exceptional assistance in favour of the Government of the Republic of Guinea under the Enhanced HIPC Initiative, the Participating Creditor Countries declare their readiness in principle to hold a meeting at the Completion Point designed to examine the question of the Republic of Guinea's outstanding debt stock and to make the necessary effort in favour of the Republic of Guinea to allow it to reach the objective of its debt sustainability in the context of an equitable burden sharing among creditors, provided that:
- the Government of the Republic of Guinea maintains satisfactory relations with the Participating Creditor Countries and a sound adjustment track record;
- the Executive Boards of the IMF and the IDA decide that the Republic of Guinea has reached its Completion Point under the enhanced HIPC initiative.
Phases
First phase : From January 01, 2008 up to December 31, 2008, implemented at the signature of the agreement
Second phase : From January 01, 2009 up to December 31, 2009, not implemented
Third phase : From January 01, 2010 up to December 31, 2010, not implemented
Comparability of treatment provision:
The Republic of Guinea was declared eligible to the Enhanced HIPC initiative by the IDA and the IMF in 2000 and was declared to have reached its Decision Point in December 2000. In this context, the Republic of Guinea commits to seek promptly from all its external creditors which are not participating in the Agreed Minutes dated 23 January 2008, their appropriate contribution in terms of debt relief to the enhanced HIPC initiative, on top of traditional debt relief mechanisms and consistent with the proportional burden sharing based on their relative exposure in net present value of total external debt at Decision Point after the full use of traditional debt relief mechanisms.
The appropriate nature of the debt relief provided will be assessed not only on the basis of the reduction in the net present value of the debt as computed under Appropriate Market Rate, but also on the terms of repayment of the debts not cancelled. For this purpose, all relevant elements will be taken into account, including the level of cash payments received by those creditors as compared to their share in the Republic of Guinea'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 Republic of Guinea and creditor countries not listed in the Agreed Minutes dated 23 January 2008.
Consequently, the Republic of Guinea commits not to accord any category of creditors -and in particular creditor countries not participating in these Agreed Minutes, commercial banks, suppliers and bondholders- a treatment more favourable than that accorded to the Participating Creditor Countries.
Cut-off date:
January 01, 1986
Organisation of the session:
The meeting was chaired by M. Benoît Coeuré, Co-Chairman of the Paris Club.
The head of the debtor country's delegation was M. Ousmane Dore, Minister for Economy, Finance and Planning.
Given its track-record of reforms as well as the burden of its external indebtedness, Guinea reached in December 2000 its decision point under the enhanced HIPC Initiative.
Categories of debt treated:
Treatment of arrears as of December 01, 2000
Treatment of maturities falling due from December 01, 2000 up to March 31, 2004
Repayment profile:
Treatment under Cologne terms (cancellation rate of 90%)
repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 90%
repayment of ODA credits over 40 years with 16 years of grace
Rescheduling of ODA claims at a rate at least as favourable as the original contractual rate
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) all ODA loans; (ii) the amounts of other outstanding credits, loans and consolidations, up to 20% of the amounts of outstanding credits as of December 31, 1992 or up to an amount of SDR 20 million, whichever is higher. Participating creditor countries and the Government of the Republic of Guinea will inform semi-annually the Secretariat of the Paris Club, who will inform other creditors, of the debt swaps agreements they have implemented. All elements necessary to evaluate the operation, its impact on the Republic of Guinea's economy and on the evolution of creditor's exposure will be transmitted to the Secretariat including: its nature and purpose; the parties to the debt swap ; the amount, type and value of the debt treated ; the price of sale to investors and the expense of the Republic of Guinea.
Good will clause
Given the decision by Paris Club Creditors to contribute to the exceptional assistance in favour of the Republic of Guinea under the enhanced Debt Initiative for the Heavily Indebted Poor Countries, the Participating Creditor Countries declare their readiness in principle to hold a meeting at the completion point designed to examine the question of the Republic of Guinea's outstanding debt stock and to make the necessary effort, in favour of the Republic of Guinea to reach the objective of its debt sustainability in the context of an equitable burden sharing among creditors, provided that:
- the Republic of Guinea maintains satisfactory relations with participating Creditor Countries, fully implements all the agreements signed with them and maintains a sound adjustment track record;
- the Boards of the International Monetary Fund and the International Development Association decide that the Republic of Guinea has reached its completion point under the enhanced Debt Initiative for the Heavily Indebted Poor Countries.
Phases
First phase : From December 01, 2000 up to March 31, 2002, implemented at the signature of the agreement
Second phase : From April 01, 2002 up to March 31, 2003, implemented on June 16, 2003
Third phase : From April 01, 2003 up to March 31, 2004, not implemented
De minimis threshold of 250 000 SDR
Payment of non-consolidated amounts before August 31, 2001
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 Guinea commits itself to seek from all its external creditors debt reduction and reorganisation arrangements on terms comparable in net present value to those set forth in the Agreed Minute dated 15 May 2001 for credits of comparable maturity. Comparability of treatment for debt reduction in net present value is assessed not only on the basis of the reduction in the face value of the debt but also on the terms of repayment of the debts not cancelled.
Consequently, the Government of the Republic of Guinea commits itself to accord all categories of creditors -and in particular creditor countries not participating in the Agreed Minute dated 15 May 2001, commercial banks and suppliers- a treatment not more favorable than that accorded to the Participating Creditor Countries.
For the purpose of the comparison between the arrangements concluded by the Government of the Republic of Guinea with its creditors not listed in the Agreed Minute dated 15 May 2001 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 dated 15 May 2001, the level of cash payments received by those creditors from the Government of the Republic of Guinea as compared to their share in the Guinea'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 the Republic of Guinea and the creditors not listed in the Agreed Minute dated 15 May 2001.
Cut-off date:
January 01, 1986
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. Cheick Ahmadou Camara, Minister of Economy and Finance
