MOZAMBIQUE
Debt Treatment
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November 17, 2001
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Supporting aggreements with the international institutions
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IMF programme under the Enhanced Structural Adjustment Facility (ESAF)
approved on
June 28, 1999
Download the IMF report :
Letter of Intent of the government of Mozambique
Download the IMF report :
Completion Point Document for the enhanced Heavily Indebted Poor Countries (HIPC) Initiative
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HIPC Initiative
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Completion point
reached on
September 25, 2001
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Total external debt of the country
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$5130 million
as of
December 31, 2000
,
$2802 million
of which being due to the Paris Club as of
September 01, 2001
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Amounts treated
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$2800 million
,
of which
$2270 million
being canceled
,
of which
$530 million
being rescheduled
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Categories of debts treated
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treatment of the stock as of September 01, 2001
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Repayment profile
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treatment under
HIPC Initiative Exit terms
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Specific provisions
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possibility to conduct debt swaps
On voluntary and bilateral basis, the Government of each creditor country or its appropriate institutions may sell or exchange, in the framework of debt for nature, debt for aid, debt for equity swaps or other local currency debt swaps.
payment of non-consolidated amounts before
March 31, 2002
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Comparability of treatment provision
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the Government of Mozambique commits itself to accord all categories of creditors -and in particular creditor countries not participating in the present Agreed Minute, commercial banks and suppliers- a treatment not more favourable than that accorded to the Participating Creditor Countries.
For the purpose of the comparison between the arrangements concluded by the Government of the Mozambique with its creditors not listed in the present Agreed Minute on the one hand, and arrangements with the Participating Creditor Countries on the other hand, all relevant elements will be taken into account, including the exposure of the creditors not listed in the present Agreed Minute, the level of cash payments received by those creditors from the Government of Mozambique as compared to their share in Mozambique's external debt, the nature and characteristics of all treatment applied, including debt buy backs, and all characteristics of the reorganised claims and in particular their repayment terms whatever forms they take, and in general the financial relations between the Government of Mozambique and the creditors not listed in the present Agreed Minute.
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Cutoff date
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February 01, 1984
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Organisation of the session
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The meeting was chaired by
Ambroise Fayolle,
Vice President of the Paris Club
The head of the debtor country's delegation was
Luisa Dias Diogo,
Ministry of Planning and Finance
Participating creditors
AUSTRIA
,
BRAZIL
,
FRANCE
,
GERMANY
,
ITALY
,
JAPAN
,
PORTUGAL
,
RUSSIAN FEDERATION
,
SPAIN
,
SWEDEN
,
UNITED KINGDOM
,
UNITED STATES OF AMERICA
Observers
BELGIUM
,
NORWAY
,
IMF
,
OECD
,
UNCTAD
,
World Bank
Press release
Read the press release
Download the press release in PDF
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