Abstract

This section provides an update of developments in debt restructurings by Paris Club creditors since July 1993. focusing mainly on reschedulings during 1995.77 During the period between July 1993 and July 1995, 32 rescheduling agreements were concluded, consolidating debt-service obligations amounting to about $39 billion; these involved 19 low-income countries, 5 lower middle-income countries, and 7 other middle-income countries78 (Tables A25 and A26), This brings the total number of Paris Club reschedulings since 1976 to 244, involving debt-service obligations amounting to $276 billion (Table A30).79

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