The Paris Club is close to fully achieve the implementation of the DSSI

Club de Paris 12.07.2020 1 min read
The Paris Club is close to fully achieve the implementation of the DSSI

As of today, 38 eligible countries have requested to benefit from the Debt Service Suspension Initiative (DSSI)[1] by the Paris Club. Of these requests, 36 have already signed a Memorandum of Understanding with the Paris Club creditors to implement the DSSI. These countries are: Angola, Burkina Faso, Cabo Verde, Cameroon, Chad, Comoros, Congo (Democratic Republic of), Congo (Republic of), Djibouti, Dominica, Ethiopia, Grenada, Guinea, Ivory Coast, Kyrgyz Republic, Lesotho, Madagascar, Maldives, Mali, Mauritania, Mozambique, Myanmar, Nepal, Niger, Pakistan, Papua New Guinea, Samoa, São Tomé and Príncipe, Saint Lucia, Senegal, Sierra Leone, Tajikistan, Tanzania, Togo, Yemen and Zambia. For Cabo Verde and São Tomé and Príncipe, Portugal, which is not member of the Paris Club, signed jointly with the Paris Club creditors both Memoranda of Understanding implementing the DSSI.

For these 36 countries, the total deferred amounts agreed by Paris Club creditors thanks to the DSSI – also including the deferment of arrears that pre-existed the implementation of the DSSI – reaches USD 2.5 billion (Cf. Appendix).

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