CONGO
Debt Treatment
-
March 09, 2006
|
Supporting aggreements with the international institutions
|
Programme with the IMF supported by an Arrangement under the Poverty Reduction and Growth Facility (PRGF)
approved on
December 06, 2004
Download the IMF report :
PRGF document
Download the IMF report :
Decision point document Under the Enhanced HIPC Initiative
|
|
HIPC Initiative
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Decision point
reached on
March 09, 2006
|
|
Categories of debts treated
|
treatment of maturities falling due from
March 09, 2006
up to
September 30, 2007
|
|
Repayment profile
|
treatment under
Cologne terms
(cancellation rate of
90% )
|
|
Specific provisions
|
good will clause
Given the decision by Paris Club Creditors to contribute to the exceptional assistance under the enhanced HIPC Initiative, the Participating Creditor Countries agree in principle to hold at Completion Point a meeting to examine the question of the Republic of Congo's outstanding debt stock and to make the necessary effort, in favor of the Republic of Congo, to reach the objective of its debt sustainability in the context of an equitable burden sharing among creditors, provided that:
- the Government of Congo maintains satisfactory relations with the Participating Creditor Countries, fully implements all the agreements signed with them and maintains a sound adjustment track record:
- the Executive Boards of the IMF and the IDA decide that the Government of Congo has reached its Completion Point under the enhanced HIPC Initiative.
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Comparability of treatment provision
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yes
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Cutoff date
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January 01, 1986
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Organisation of the session
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Participating creditors
BRAZIL
,
CANADA
,
FRANCE
,
GERMANY
,
ITALY
,
RUSSIAN FEDERATION
,
SPAIN
,
UNITED KINGDOM
,
UNITED STATES OF AMERICA
Observers
IMF
,
World Bank
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|
