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Debt treatment -
September 13, 2002

Supporting agreements with the international institutions

Programme supported by an Arrangement under the Poverty Reduction and Growth Facility (PRGF) with the IMF approved on June 12, 2002

Download the IMF report : PRGF Document

Total external debt of the country

$14 300 million as of December 31, 2001

$9 703 million of which being due to Paris Club as of June 30, 2002

Amounts treated

$8 980 million of which $4 640 million being canceled, of which $4 340 million being rescheduled

Accorded treatment

Restructuring of the public external debt, following the approval of an arrangement under the Poverty Reduction and Growth Facility with the International Monetary Fund on 12 June 2002.

Categories of debt treated

Treatment of arrears as of June 30, 2002

Treatment of maturities falling due from July 01, 2002 up to March 31, 2006

Repayment profile

Treatment under Naples terms

  • repayment of non ODA credits over 23 years, with 6 years of grace
  • repayment of ODA credits over 40 years with 16 years of grace

Specific provisions

Free transferability provision



  • First phase : From July 01, 2002 up to June 29, 2003, implemented at the signature of the agreement
  • Second phase : From June 30, 2003 up to June 28, 2004, implemented on November 17, 2003
  • Third phase : From July 01, 2004 up to March 31, 2006, implemented on July 26, 2004

Payment of non-consolidated amounts before March 31, 2003

Comparability of treatment provision


Cut-off date

June 30, 1983

Organisation of the session

The meeting was chaired by Mr. Ambroise FAYOLLE, Vice chairman of the Paris Club.

The head of the debtor country's delegation was Mr. Mbuyamu MATUNGULU, Minister of Economy, Finances and Budget.

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