MALDIVES
Debt treatment - September 14, 2020
Accorded treatment
- Agreement on the Debt service suspension Initiative (DSSI)
- Amendment under the extension of the DSSI signed on April 8, 2021
- Amendment under the final extension of the DSSI signed on July 9, 2021
Categories of debt treated
1/ Treatment of arrears as of April 30, 2020 and maturities falling due from May 1, 2020 up to December 31, 2020
2/ Treatment of maturities from January 1, 2021 up to June 30, 2021
3/ Treatment of maturities from July 1, 2021 up to December 31, 2021
Comparability of treatment provision
The Government of the Republic of Maldives commits to seek from all its other bilateral official creditors a debt service treatment that is in line with the agreed term sheet providing the key features of the time-bound suspension of debt service payments initiative set out in Annex I and commits not to accord any of these creditors a treatment more favourable.
Organisation of the session
The agreement was signed by Mr. Guillaume CHABERT, Co-Chairman of the Paris Club. The head of the debtor country was Mr. Ibrahim AMEER, Minister of Finance.
The amendments were signed by Mr. William ROOS, Co-Chairman of the Paris Club. The head of the debtor country was Mr. Ibrahim AMEER, Minister of Finance.
Participating creditors
- BELGIUM
- FRANCE
- JAPAN
- UNITED STATES OF AMERICA
- AUSTRALIA
- AUSTRIA
- BRAZIL
- CANADA
- DENMARK
- FINLAND
- GERMANY
- IRELAND
- ISRAEL
- ITALY
- NETHERLANDS
- NORWAY
- REPUBLIC OF KOREA
- RUSSIAN FEDERATION
- SPAIN
- SWEDEN
- SWITZERLAND
- UNITED KINGDOM