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THE DEBT TREATED IN THE PARIS CLUB FRAMEWORK
- The debt of developping countries
  - Generalities
  - Classification
- The debt treated in Paris Club agreements
  - Definition of debt treated
  - Flow and stock treatments
KINDS OF DEBT TREATMENTS GRANTED
- Rescheduling and cancellation
- Early repayments
  - Early repayment operations
DATA
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- Paris Club claims

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Home page > MAURITANIA - 20020708

MAURITANIA Debt Treatment - July 08, 2002

Supporting aggreements with the international institutions	IMF program approved on July 21, 1999
HIPC Initiative	Completion point reached on June 18, 2002
Total external debt of the country	$2047 million as of December 31, 2001 , $384 million of which being due to the Paris Club as of May 01, 2002
Amounts treated	$384 million , of which $210 million being canceled , of which $174 million being rescheduled
Categories of debts treated	treatment of the stock as of July 01, 2002
Repayment profile	treatment under HIPC Initiative Exit terms
Comparability of treatment provision	1. The Islamic Republic of Mauritania was declared eligible to the Enhanced HIPC Initiative by the Executive Boards of the International Monetary Fund and the International Development Association in February 10, 2000 and was declared to have reached its completion point on June 18, 2002. In this context, the Islamic Republic of Mauritania commits to seek promptly from all its external creditors which are not participating in the present Agreed Minute their appropriate contribution in terms of debt relief to the Enhanced HIPC Initiative, on top of traditional debt relief mechanisms and consistent with the proportional burden sharing based on their relative exposure in net present value of total external debt at decision point after the full use of traditional debt relief mechanisms. The appropriate nature of the debt relief provided shall be assessed not only on the basis of the reduction in the net present value of the debt as computed under Appropriate Market Rate, but also on the terms of repayment of the debts not cancelled. For this purpose, all relevant elements shall be taken into account, including the level of cash payments received by those creditors as compared to their share in the Islamic Republic of Mauritania's external debt, the nature and characteristics of all treatment applied, including debt buy backs, and all characteristics of the reorganized claims and in particular their repayment terms whatever forms they take and in general the financial relations between the Islamic Republic of Mauritania and creditor countries not listed in the present Agreed Minute. Consequently, the Islamic Republic of Mauritania commits not to accord any category of creditors -and in particular creditor countries not participating in the present Agreed Minute, commercial banks and suppliers- a treatment more favourable than that accorded to the Participating Creditor Countries.
Cutoff date	December 31, 1984
Organisation of the session	The meeting was chaired by Mr. Ambroise Fayolle, Vice President of the Paris Club The head of the debtor country's delegation was Mr. Boydiel Ould Houmeid, Ministry of Finances Participating creditors AUSTRIA , BRAZIL , FRANCE , GERMANY , ITALY , JAPAN , NETHERLANDS , SPAIN , UNITED KINGDOM , UNITED STATES OF AMERICA Observers CANADA , RUSSIAN FEDERATION , IMF , UNCTAD , World Bank Press release Read the press release Download the press release in PDF