Supporting agreements with the international institutions
Program with the IMF approved on June 11, 2001
Total external debt of the country
$11 725 million as of December 31, 2000, representing 434% of exports of goods and services
$4 324 million of which being due to Paris Club as of July 31, 2001
Amounts treated
$4 324 million of which $2 743 million being canceled, of which $ 1 581 million being rescheduled
Accorded treatment
Restructuring of the public external debt, following the approval of a Stand-by arrangement with the International Monetary Fund on June 11, 2001
Categories of debt treated
Treatment of arrears as of July 31, 2001
Treatment of the stock as of March 23, 2005
Repayment profile
Treatment under Ad Hoc terms
Specific provisions
Possibility to conduct debt swaps
Phases
- First phase : From August 01, 2001 up to March 22, 2002, implemented at the signature of the agreement
- Second phase : From March 23, 2002 up to March 22, 2003, implemented on May 29, 2002
- Third phase : From March 23, 2005 up to January 00, 1900, implemented on February 15, 2006
De minimis threshold of 1 000 000 SDR
Payment of non-consolidated amounts before March 22, 2002
Comparability of treatment provision
yes
Cut-off date
December 02, 1982
Organisation of the session
The meeting was chaired by Mrs Stéphane Pallez, Co-Chairperson of the Paris Club.
The head of the debtor country's delegation was Mr. Miroljub Labus, Deputy Prime Minister.
