KYRGYZ REPUBLIC Debt treatment - March 7, 2002
Supporting agreements with the international institutions
Programme with the IMF approved on December 6, 2001
Total external debt of the country
$1,500 million as of December 31, 2000
$451 million of which being due to Paris Club as of November 30, 2001
Amounts treated
Accorded treatment
Restructuring of the external debt
Categories of debt treated
Treatment of maturities falling due from December 6, 2001 up to April 5, 2005
Repayment profile
Treatment under Houston terms
- repayment of non ODA credits over 20 years, with 5 years of grace
- repayment of ODA credits over 20 years with 10 years of grace
Specific provisions
Possibility to conduct debt swaps
Good will clause
Phases
- First phase : From December 6, 2001 up to December 5, 2002, implemented at the signature of the agreement
- Second phase : From December 6, 2002 up to December 5, 2003, implemented on March 14, 2004
- Third phase : From December 6, 2003 up to April 05, 2005, implemented on April 5, 2004
De minimis threshold of 250,000 SDR
Payment of non-consolidated amounts before December 1, 2002
Comparability of treatment provision
yes
Cut-off date
August 31, 2001
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. Bolot Abildaev, Minister of Finance.
Participating creditors
- DENMARK
- FRANCE
- GERMANY
- JAPAN
- RUSSIAN FEDERATION
- TURKEY
Observers
- CANADA
- ITALY
- SWITZERLAND
- UNITED KINGDOM
- UNITED STATES OF AMERICA
- IMF
- OECD
- World Bank