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Home page > SERBIA AND MONTENEGRO - 20011116
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SERBIA AND MONTENEGRO Debt Treatment - November 16, 2001

Supporting aggreements with the international institutions program with the IMF approved on June 11, 2001
Download the IMF report : letter of intent
Total external debt of the country $11725 million as of December 31, 2000 , representing 434% of exports of goods and services $4324 million of which being due to the Paris Club as of July 31, 2001
Amounts treated $4324 million , of which $2743 million being canceled , of which $1581 million M$ being rescheduled
Categories of debts treated treatment of arrears as of July 31, 2001 , treatment of the stock as of March 23, 2005
Specific provisions
possibility to conduct debt swaps
Phases
  • First phase : From August 01, 2001 up to March 22, 2002 implemented at the signature of the agreement
  • Second phase : From March 23, 2002 up to March 22, 2005 implemented at May 29, 2002
  • Third phase : From March 23, 2005 up to implemented at February 15, 2006


de minimis threshold of 1 000 000 SDR
payment of non-consolidated amounts before March 22, 2002
Comparability of treatment provision yes
Cutoff date December 02, 1982
Organisation of the session The meeting was chaired by Madame Stéphane Pallez, Co-Chairperson of the Paris Club
The head of the debtor country's delegation was Mr Miroljub Labus, Deputy Prime Minister
Participating creditors
AUSTRIA , BELGIUM , CANADA , DENMARK , FINLAND , FRANCE , GERMANY , ITALY , JAPAN , NETHERLANDS , NORWAY , SPAIN , SWEDEN , SWITZERLAND , UNITED KINGDOM
Observers
European Commission , IMF , OECD , UNCTAD , World Bank
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