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Investor Presentaiton

14 COTE D'IVOIRE INVESTOR MEETING The Agreement with The Paris Club Was Negotiated According to HIPC Initiative Rules Paris Club Creditors agreed on an exceptional treatment of maturities falling due from July 1, 2011 to June 30, 2014 ■ The agreement was negotiated according to the strict rules for the continuation of the implementation of the Enhanced HIPC Initiative ■ Having reached the HIPC decision point on March 27, 2009, Cote d'Ivoire was eligible to a very significant reduction in its debt service to Paris Club creditors as soon as the IMF had agreed on a new economic and financial program The November 15 Paris Club agreement corresponds to the period of implementation of the new IMF program under the ECF and covers the external financing needs identified over the period by the Paris Club Secretariat ■The agreement replaces the precedent Paris Club agreement concluded on May 15, 2009 that had to be suspended during the crisis ■ According to Paris Club rules, Cote d'Ivoire was eligible to a reduction under the "Cologne Terms” of “ Pre Cut Off Date" debts and of related arrears (US$ 696 million) ■Maturities falling due and arrears related to the debts contracted before the "cut-off date" (July 1, 1983) were consequently cancelled by 90% in net present value terms
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