ZAMBIA Debt treatment - September 13, 2002
Supporting agreements with the international institutions
Programme with the IMF approved on March 25, 1999
Accorded treatment
Decision point reached on December 8, 2000
Categories of debt treated
Treatment of maturities falling due from January 1, 2001 up to June 30, 2005
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
Good will clause
Pullback clause
De minimis threshold of 100,000 SDR
Payment of non-consolidated amounts before November 30, 2002
Comparability of treatment provision
yes
Cut-off date
January 1, 1983
Organisation of the session
Have attended:
Participating creditors
- AUSTRIA
- BRAZIL
- CANADA
- FRANCE
- GERMANY
- ITALY
- JAPAN
- UNITED KINGDOM
- UNITED STATES OF AMERICA
Observers
- AUSTRALIA
- BELGIUM
- DENMARK
- FINLAND
- NETHERLANDS
- NORWAY
- RUSSIAN FEDERATION
- SPAIN
- SWEDEN
- SWITZERLAND
- IMF
- World Bank