Abstract

This section describes the principal features of official multilateral debt restructurings that took place during 1983–84, particularly in comparison with agreements reached during the preceding eight-year period from 1975. It documents the sharp increase in the number of reschedulings and focuses on notable recent developments, especially the trend toward an easing in the repayment terms for some countries that have had successive reschedulings. It also addresses issues relating to multiyear debt restructurings by official creditors with reference to the recent MYRA for Ecuador.