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Debt treatment -
June 25, 1999

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


Cut-off date

December 31, 1988

Organisation of the session

Have attended:

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