Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 13 January 2022
Categories of debt treated:
1/ Treatment of arrears as of April 30, 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July 2021 up to 31 December 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment :
1/ Treatment of arrears as of 30 April 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July 2021 up to 31 December 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing
Specific provisions:
The Government of the Republic of Yemen is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause under the Memorandum of Understanding dated 7 October 2020
If the Government of the Republic of Yemen has fulfilled all its commitments under the Memorandum of Understanding dated 7 October 2020, the Participating Creditor Countries declare their intention to envisage a possible extension during 2020 taking into account the report to be produced by the World Bank Group and the International Monetary Fund on the liquidity needs of the eligible countries.
Comparability of treatment provision:
The Government of the Republic of Yemen 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. Salem Bin Buraik, Minister of Economy and Finance.
The agreement under the extension was signed by Mr. William Roos. The head of the debtor country was Mr. Salem Bin Break, Minister of Finance.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 12 January 2021
Amendment under the final extension of the DSSI signed on 7 September 2021
Categories of debt treated:
1/ Treatment of arrears as of 30 April 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July 2021 up to 31 December 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment :
- from 1 May 2020 until end- 2020
- from 1 January 2021 to 30 June 2021
- from 1 July 2021 to 31 December 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing
Specific provisions:
The Government of the Republic of Mozambique is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause under the Memorandum of Understanding dated 29 September 2020, and its Amendment dated 12 January 2021
If the Government of the Republic of Mozambique has fulfilled all its commitments under the Memorandum of Understanding dated 29 September 2020, and its Amendment dated 12 January 2021, the Participating Creditor Countries declare their intention to consider before July 1st, 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.
Comparability of treatment provision:
The Government of the Republic of Mozambique 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. Adriano Afonso MALEIANE, Minister of Economy and Finance.
The amendment was signed by Mr. Christophe BORIES, Vice-Chairman of the Paris Club. The head of the debtor country was Mr. Adriano Afonso MALEIANE, Minister of Economy and Finance.
The amendment under the final extension was signed by Mr. William ROOS, Co-Chairman of the Paris Club. The head of the debtor country was Mr. Adriano Afonso MALEIANE, Minister of Economy and Finance.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 8 April 2021
Amendment under the final extension of the DSSI signed on 9 July 2021
Categories of debt treated:
1/ Treatment of arrears as of 30 April 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July to 31December 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment:
- from 1 May 2020 until end- 2020
- from 1 January 2021 to 30 June 2021
- from 1 July 2021 to 31December 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing.
Specific provisions:
The Government of the Republic of Maldives is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause under the Memorandum of Understanding dated 14 September 2020 and its Amendment dated 8 April 2021
If the Government of the Republic of Maldives has fulfilled all its commitments under the Memorandum of Understanding dated 14 September 2020 and it Amendment dated 8 April 2021, the Participating Creditor Countries declare their intention to consider before 1 July 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.
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.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 8 March 2021
Categories of debt treated:
1/ Treatment of arrears as of April 30, 2020 and maturities falling due from May 01, 2020 up to December 31, 2020
2/ Treatment of maturities from January 01, 2021 up to June 30, 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment:
- from May 1st, 2020 until end- 2020
- from January 1st, 2021 to June 30, 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing.
Specific provisions:
The Government of Lesotho is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause
If the Government of Lesotho has fulfilled all its commitments under the Memorandum of Understanding dated September 9, 2020 and its Amendment dated March 8, 2021, the Participating Creditor Countries declare their intention to consider before July 1st, 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.
Comparability of treatment provision:
The Government of Lesotho 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. Thabo Sophonea, MP, Minister of Finance.
The amendment was signed by Mr. Christophe Bories, Co-Chairman of the Paris Club. The head of the debtor country was Mr. Thabo Sophonea, MP, Minister of Finance.
Agreement on the Debt service suspension Initiative (DSSI)
Categories of debt treated:
Treatment of arrears as of April 30, 2020
Treatment of maturities falling due from May 01, 2020 up to December 31, 2020
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment : from May 1st, 2020 until end- 2020
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period: 3 years with a one-year grace period (4 years total)
Treatment will be achieved either through rescheduling or refinancing
Specific provisions:
The Government of the Republic of Tajikistan is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause
If the Government of tte Republic of Tajikistan has fulfilled all its commitments under the Memorandum of Understanding dated September 3, 2020, the Participating Creditor Countries declare their intention to envisage a possible extension during 2020 taking into account the report to be produced by the World Bank Group and the International Monetary Fund on the liquidity needs of the eligible countries.
Comparability of treatment provision:
The Government of the Republic of Tajikistan 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. Faiziddin QAHHORZODA, Minister of Finance.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 7 January 2021
Amendment under the final extension of the DSSI signed on 27 July 2021
Categories of debt treated:
1/ Treatment of arrears as of April 30, 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July 2021 up to 31 December 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment:
- from 1 May 2020 until end- 2020
- from 1 January 2021 to 30 June 2021
- from 1 July 2021 to 31 December 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing
Specific provisions:
The Government of the Republic of Angola is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause under the Memorandum of Understanding dated 31 August 2020 and its Amendment dated 7 January 2021
If the Government of tte Republic of Angola has fulfilled all its commitments under the Memorandum of Understanding dated 31 August 2020 and its Amendment dated 7 January 2021, the Participating Creditor Countries declare their intention to consider before 1 July 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.
Comparability of treatment provision:
The Government of the Republic of Angola 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 and the amendment were signed by Mr. Guillaume Chabert, Co-Chairman of the Paris Club. The head of the debtor country was H.E. Vera Daves de Sousa, Minister of Finance. The amendment was signed by Mr. Osvaldo Victorino João, Secretary of State for Finance and Treasury.
The amendment under the final extension was signed by Mr. William Roos, Co-Chairman of the Paris Club. The head of the debtor country was H.E. Vera Daves de Sousa, Minister of Finance.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 19 January 2021
Amendment under the final extension of the DSSI signed on 9 July 2021
Categories of debt treated:
1/ Treatment of arrears as of 30 April 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July to 31December 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment:
- from 1 May 2020 until end- 2020
- from 1 January 2021 to 30 June 2021
- from 1 July 2021 to 31December 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing.
Specific provisions:
The Government of the Independent State of Samoa is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause under the Memorandum of Understanding dated 27 August 2020 and its Amendment dated 19 January 2021
If the Government of the Independent State of Samoa has fulfilled all its commitments under the Memorandum of Understanding dated 27 August 2020 and it Amendment dated 19 January 2021, the Participating Creditor Countries declare their intention to consider before 1 July 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.
Comparability of treatment provision:
The Government of the Independent State of Samoa 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 Hon. Sili Epa Tuioti, Minister of Finance.
The amendment was signed by Mr. Christophe Bories, Vice-Chairman of the Paris Club. The head of the debtor country was Hon. Sili Epa Tuioti, Minister of Finance.
The amendment under the final extension was signed by Mr. William Roos, Co-Chairman of the Paris Club. The head of the debtor country was Hon. Sili Epa Tuioti, Minister of Finance.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 22 December 2020
Categories of debt treated:
1/ Treatment of arrears as of April 30, 2020 and maturities falling due from May 01, 2020 up to December 31, 2020
2/ Treatment of maturities from January 01, 2021 up to June 30, 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment:
- from May 1st, 2020 until end- 2020
- from January 1st, 2021 to June 30, 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing.
Specific provisions:
The Government of Papua New Guinea is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause
If the Government of Papua New Guinea has fulfilled all its commitments under the Memorandum of Understanding dated August 20, 2020 and its Amendment dated December 23, 2020, the Participating Creditor Countries declare their intention to consider before July 1st, 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.
Comparability of treatment provision:
The Government of Papua New Guinea 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 and the Amendment were signed by Mr. Guillaume CHABERT, Co-Chairman of the Paris Club.
The head of the debtor country was Hon. Ian LING-STUCKEY, Minister for Treasury.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 18 March 2021
Amendment under the final extension of the DSSI signed on 15 November 2021
Categories of debt treated:
1/ Treatment of arrears as of April 30, 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July 2021 up to 31 December 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment:
- from 1 May 2020 until end- 2020
- from 1 January 2021 to 30 June 2021
- from 1 July 2021 to 31 December 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing.
Specific provisions:
The Government of the Republic of Sierra Leone is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause under the Memorandum of Understanding dated August 14, 2020 and its Amendment dated March 18, 2021
If the Government of the Republic of Sierra Leone has fulfilled all its commitments under the Memorandum of Understanding dated August 14, 2020 and its Amendment dated March 18, 2021, the Participating Creditor Countries declare their intention to consider before July 1st, 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.
Comparability of treatment provision:
The Government of the Republic of Sierra Leone 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. Jacob Jusu Saffa, Minister of Finance.
The amendment was signed by Mr. William Roos, Vice-Chairman of the Paris Club. The head of the debtor country was Mr. Jacob Jusu Saffa, Minister of Finance.
The amendment under the final extension was signed by Mr. William Roos, Vice-Chairman of the Paris Club. The head of the debtor country was Mr. Jacob Jusu Saffa, Minister of Finance.
Agreement on the Debt service suspension Initiative (DSSI)
Amendment under the extension of the DSSI signed on 8 March 2022
Amendment under the final extension of the DSSI signed on 8 March 2022
Categories of debt treated:
1/ Treatment of arrears as of 30 April 2020 and maturities falling due from 1 May 2020 up to 31 December 2020
2/ Treatment of maturities from 1 January 2021 up to 30 June 2021
3/ Treatment of maturities from 1 July 2021 up to 31 December 2021
Repayment profile:
Treatment under Ad Hoc terms
Duration of the suspension of payment :
- from 1 May 2020 until end- 2020
- from 1 January 2021 to 30 June 2021
- from 1 July 2021 to 31 December 2021
Perimeter of maturities and cut-off date
Suspension of principal repayments and interest payments
Cut-off date protecting new financing in case of possible future restructuring: March 24, 2020
Modalities for the debt service suspension
NPV-neutral for the suspension of payments
Repayment period:
- 3 years with a one-year grace period (4 years total)
- 5 years, with a one-year grace period (6 years total)
Treatment will be achieved either through rescheduling or refinancing.
Specific provisions:
The Government of the Democratic Republic of Sao Tome and Principe is required to commit :
to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.
Good will clause
If the Government of the Democratic Republic of Sao Tome and Principe has fulfilled all its commitments under the Memorandum of Understanding dated August 12, 2020, the Participating Creditor Countries declare their intention to envisage a possible extension during 2020 taking into account the report to be produced by the World Bank Group and the International Monetary Fund on the liquidity needs of the eligible countries.
Comparability of treatment provision:
The Government of the Democratic Republic of Sao Tome and Principe 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. Osvaldo Tavares dos Santos Vaz, Minister for Planning, Finance and the Blue Economy.
The amendment under the first extension and the final extension was signed by Mr. William Roos, Vice-Chairman of the Paris Club. The head of the debtor country was Mr. Engrácio do Sacramento Soares da Graça, Minister for Planning, Finance and the Blue Economy.
