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DEBT-REDUCTION OPTION

Statistics Directorate    
Definition:
Option under concessional Paris Club debt restructurings where creditors effect the required debt reduction in present value terms through a reduction of the principal of the consolidated amount. A commercial interest rate and standard repayment terms apply to the remaining amounts.

Source Publication:
IMF, 2003, External Debt Statistics: Guide for Compilers and Users – Appendix III, Glossary, IMF, Washington DC.

Cross References:
Concessional restructuring

Hyperlink:
http://www.imf.org/external/pubs/ft/eds/Eng/Guide/index.htm

Created on Wednesday, August 27, 2003