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IIF2014

Classic terms

 

1/ History

Classic terms are the standard terms applied to a debtor country coming to the Paris Club.

As of today, 60 countries have benefited from the classic terms.

2/ Eligibility

Any country which has an appropriate program with the IMF that shows the need for Paris Club debt relief may benefit from classic terms.

3/ Description

Credits (whether ODA or non-ODA) are rescheduled at the appropriate market rate with a repayment profile negotiated on a case-by-case basis.

 

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