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Clause used in Paris Club agreements under which creditors agree in principle, but without commitment to consider favourably subsequent debt-relief agreements for a debtor country that remains in compliance with the restructuring agreement as well as with its IMF arrangement, and has sought comparable debt relief from other creditors. The clause can be intended for a future flow restructuring or a stock-of-debt operation.

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


Statistical Theme: Financial statistics

Created on Thursday, August 28, 2003

Last updated on Wednesday, January 4, 2006