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Debt treatment -
March 09, 2006

Supporting agreements with the international institutions

Programme with the IMF supported by an Arrangement under the Poverty Reduction and Growth Facility (PRGF) approved on December 06, 2004
Download the IMF report : PRGF document

Download the IMF report : Decision point document Under the Enhanced HIPC Initiative

Accorded treatment

Decision point reached on March 09, 2006

Categories of debt treated

Treatment of maturities falling due from March 09, 2006 up to September 30, 2007

Repayment profile

Treatment under Cologne terms (cancellation rate of 90%), after cancellation to a rate of 90%

Specific provisions

Good will clause

Given the decision by Paris Club Creditors to contribute to the exceptional assistance under the enhanced HIPC Initiative, the Participating Creditor Countries agree in principle to hold at Completion Point a meeting to examine the question of the Republic of Congo's outstanding debt stock and to make the necessary effort, in favor of the Republic of Congo, to reach the objective of its debt sustainability in the context of an equitable burden sharing among creditors, provided that:

- the Government of Congo maintains satisfactory relations with the Participating Creditor Countries, fully implements all the agreements signed with them and maintains a sound adjustment track record;

- the Executive Boards of the IMF and the IDA decide that the Government of Congo has reached its Completion Point under the enhanced HIPC Initiative.

Comparability of treatment provision


Cut-off date

January 01, 1986

Organisation of the session

Amendment signed by Mr. Ambroise Fayolle, Co President of the Paris Club.

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