SIERRA LEONE  Debt treatment -      July 10, 2002

Supporting agreements with the international institutions

Programme suppported by an Arrangement under the Poverty Reduction and Growth Facility (PRGF) with the IMF approved on September 26, 2001

Download the IMF report: letter of intent

Download the IMF report: Decision Point Document for the Enhnced Heavily Indebted Poor Countries (HIPC) Initiative

Amounts treated

$3 million of which $3 million being cancelled

Accorded treatment

Decision point reached on March 19, 2002

Categories of debt treated

Treatment of maturities falling due from March 1, 2002 up to May 30, 2007

Repayment profile

Treatment under Cologne terms

Specific provisions

Phases

  • First phase : From March 1, 2002 up to September 30, 2002, implemented at the signature of the agreement
  • Second phase : From October 1, 2002 up to September 30, 2003, implemented on November 13, 2002
  • Third phase : From October 1, 2003 up to May 30, 2007, implemented on March 29, 2004

Comparability of treatment provision

yes

Cut-off date

July 1, 1983

Organisation of the session

Have attended:

Participating creditors
  • AUSTRIA
  • BELGIUM
  • FRANCE
  • GERMANY
  • ITALY
  • JAPAN
  • NETHERLANDS
  • NORWAY
  • RUSSIAN FEDERATION
  • SWITZERLAND
  • UNITED KINGDOM
  • UNITED STATES OF AMERICA