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Debt cancellation - Paris Club 17/11/2010 - Bilateral Agreement 31/05/2011

Congo, Dem. Rep.

€ 7,619,474
Committed
€ 117,220,119
Used

Agency

Ministero dell'Economia e delle Finanze - Artigiancassa

Channel reported

-

Description

DEBT CANCELLLATION AGREEMENT BETWEEN THE ITALIAN GOVERNEMENT AND THE GOVERNEMENT OF THE DEMOCRATIC REPUBBLIC OF CONGO SIGNED IN ROME ON 26.10.2004 AND LEGALLY ENTERED INTO FORCE ON 05.05.2005. THE AMOUNT CANCELLED IS REFERRED TO ALL DEBT DUE FROM 01.07.2003 ED TO ALL DEBT DUE FROM 01.07.2003 AND 30.06.2005 AND ALL INTEREST UP TO 30.06.03 RELATED TO AID LOANS FOR BOTH PRINCIPAL AND INTEREST, INCLUDING DEFAULT INTEREST AND LATE INTEREST. THE AMOUNT CANCELLED IS EQUAL TO: EUR 19.383.614,13 (OUT OF WHICH EUR 17.523.155,19 CAPITAL EUR 1.665.930,51 INTEREST EUR 2.778,72 LATE INTEREST AND EUR 191.749,71 DEFAULT INTEREST) RELATED TO AID LOAN: 87/010-87/031-87/040-88/017-89/011-88/058-02/903;USD 16.443.734,86 (OUT OF WHICH USD 14.627.517,05 CAPITAL USD 1.671.173,09 INTEREST AND USD 2.707,17 LATE INTEREST AND USD 142.337,55 DEFAULT INTEREST) RELATED TO AID LOAN: 85/018-85/022-86/011-86/021-87/007-87/037-02/903;CHF 2.527.808,73 (OUT OF WHICH CHF 2.258.278,49 CAPITAL CHF 233.553,51 INTEREST AND CHF 251,06 LATE INTEREST AND CHF 35.725,67 DEFAULT INTEREST) RELATED TO AID LOAN 88/024-02/903. THE AMOUNT OF INTEREST FORGIVEN EXPRESSED IN CHF HAS BEEN CONVERTED INTO EURO AT THE EXCHANGE RATE OF 1, 533 AND INCLUDED IN THE INTEREST FORGIVEN RE read more close

Aid type Debt relief
Year Committed Used
2011 € 4,121,867 € 117,220,119
2005 € 3,497,607 -

Project data

  • CRSID2005055556
  • Purpose Debt forgiveness
  • Finance type Debt forgiveness: ODA claims (I)
  • Flow type ODA Grants
  • Bi/Multilateral Bilateral