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Debt treatment -
March 07, 2002

Supporting agreements with the international institutions

Accorded treatment

Decision point reached on December 22, 2000

Categories of debt treated

Treatment of maturities falling due from December 01, 2000 up to June 30, 2005

Repayment profile

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

Specific provisions

Possibility to conduct debt swaps

The Government of each participating creditor country or its appropriate institutions may sell or exchange, in the framework of debt for nature, debt for aid, debt for equity swaps or other local currency debt swaps : all ODA loans, the amounts of other outstanding credits, loans and consolidations, up to 20 % of the amounts of outstanding credits as of June 30, 1998 or up to an amount of 15 million SDR, whichever is higher.

De minimis threshold of 100 000 SDR

Payment of non-consolidated amounts before April 30, 2002

Comparability of treatment provision

In order to secure comparable treatment of its debt due to all its external public or private creditors, the Government of the Republic of Rwanda commits itself to promptly negotiate debt reduction arrangements with all its external creditors debt reduction and reorganization arrangements on terms comparable in net present value to those set forth in the Agreed Minute for credits of comparable maturity.

Cut-off date

December 31, 1994

Organisation of the session

Have attended:

Observers
  • AUSTRALIA, BELGIUM, DENMARK, FINLAND, GERMANY, ITALY, NORWAY, RUSSIAN FEDERATION, SPAIN, SWEDEN, SWITZERLAND, UNITED KINGDOM
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