100% of the amounts of principal and interest due from 01/01/2005 up to 31/12/2005 on loans from Governments or appropriate institutions of the Participating Creditor Countries, having an original maturity of more than one year, concluded before 01/01/2005, shall be deferred
Repayment profile:
Treatment under Ad Hoc terms
Specific provisions:
De minimis threshold of 15 000 SDR
Payment of non-consolidated amounts before September 30, 2005
Organisation of the session:
The meeting was chaired by M. Jean-Pierre Jouyet, Chairman of the Paris Club.
The head of the debtor country's delegation was Mme Chitranganee Wagiswara, Ambassador designate of the Republic of Sri Lanka.
Restructuring of its public external debt, following the approval of an arrangement under the Poverty Reduction and Growth Facility with the International Monetary Fund on September 25, 2001
Categories of debt treated:
Treatment of arrears as of September 30, 2001
Treatment of maturities falling due from October 01, 2001 up to May 30, 2007
Repayment profile:
Treatment under Naples terms (cancellation rate of 67%)
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
Specific provisions:
Possibility to conduct debt swaps
Phases
First phase : From October 01, 2001 up to September 30, 2002, implemented at the signature of the agreement
Second phase : From October 01, 2002 up to September 30, 2003, implemented on November 13, 2002
Third phase : From October 01, 2003 up to May 30, 2007, implemented on March 29, 2004
Payment of non-consolidated amounts before March 31, 2002
Comparability of treatment provision:
yes
Cut-off date:
July 01, 1983
Organisation of the session:
The meeting was chaired by Mr. Ambroise FAYOLLE, Vice Chairman of the Paris Club.
The head of the debtor country's delegation was Mr. Peter KUYEMBEH, Minister of Finance.