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Debt treatment -
September 13, 2002

Supporting agreements with the international institutions

Accorded treatment

Decision point reached on December 08, 2000

Categories of debt treated

Treatment of maturities falling due from January 01, 2001 up to June 30, 2005

Repayment profile

Treatment under Cologne terms (cancellation rate of 90%)

  • repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 90%
  • 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 100 000 SDR

Payment of non-consolidated amounts before November 30, 2002

Comparability of treatment provision

yes

Cut-off date

January 01, 1983

Organisation of the session

Have attended:

Observers
  • AUSTRALIA, BELGIUM, DENMARK, FINLAND, NETHERLANDS, NORWAY, RUSSIAN FEDERATION, SPAIN, SWEDEN, SWITZERLAND
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