Supporting agreements with the international institutions
Program with the IMF under the FRPC approved on July 15, 1998
Amounts treated
$240 million
Accorded treatment
Decision point reached on November 13, 2000
Categories of debt treated
Treatment of the stock as of May 23, 1999
Repayment profile
Treatment under Lyon terms (cancellation rate of 80%)
- repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 80%
- 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 1 000 000 SDR
Payment of non-consolidated amounts before January 07, 2000
Comparability of treatment provision
yes
Cut-off date
December 31, 1988
Organisation of the session
Have attended:
Participating creditors