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Displaying 201 - 220 of 1028The debt crisis of the last two decades has proved extremely costly both for debtor countries and their creditors.
Throughout its existence, the Paris Club has aimed to produce agreements that lead to levels of payments sustainable for the debtor.
Paris Club agreements may contain a provision enabling creditors to voluntarily engage in debt swaps.
The international financial community recognized in 1996 that the external debt situation for a number of low-income countries, mostly in Africa, had become extremely difficult and influenced the p
Over the past few years, the Paris Club has adapted debt relief, taking into account debt sustainability, in response to major exogenous shocks, which is also in line with the recommendations conta
Since the late 1990's, beyond traditional debt rescheduling and cancellation agreements, taken into account the favourable evolution of the situation of certain debtor countries, the Paris Club has