ETHIOPIA
Debt Treatment
-
April 18, 2002
|
Supporting aggreements with the international institutions
|
Programme supported by an Arrangement under the Poverty Reduction and Growth Facility (PRGF) with the IMF
approved on
March 19, 2001
Download the IMF report :
letter of intent
Download the IMF report :
Decision Point document for the Enhanced Heavily Indebted Poor Countries
(HIPC) Initiative
|
|
HIPC Initiative
|
Decision point
reached on
November 12, 2001
|
|
Amounts treated
|
$7 million
,
of which
$7 million
being canceled
|
|
Categories of debts treated
|
treatment of maturities falling due from
November 01, 2001
up to
March 31, 2004
|
|
Repayment profile
|
treatment under
Cologne terms
(cancellation rate of
90% )
|
|
Specific provisions
|
Phases
-
First phase :
From
November 01, 2001
up to
March 30, 2002
implemented at the signature of the agreement
-
Second phase :
From
April 01, 2002
up to
March 31, 2003
implemented at
May 31, 2002
-
Third phase :
From
April 01, 2003
up to
March 31, 2004
not implemented yet
|
|
Comparability of treatment provision
|
yes
|
|
Cutoff date
|
December 31, 1989
|
|
Organisation of the session
|
Participating creditors
AUSTRIA
,
BELGIUM
,
FINLAND
,
FRANCE
,
GERMANY
,
ITALY
,
JAPAN
,
RUSSIAN FEDERATION
,
SWEDEN
,
UNITED KINGDOM
,
UNITED STATES OF AMERICA
Observers
AUSTRALIA
,
DENMARK
,
NETHERLANDS
,
SPAIN
,
African Development Bank
,
IMF
,
OECD
,
UNCTAD
,
World Bank
|
|
