The Nation (Kenya) - AAGM:
Kenya Could Seek Further Loan Rescheduling : Request to Paris Club Key to Fresh IMF Lending
With a decision on resumption of IMF lending to Kenya still pending, it is now more likely that the government will soon ask donors to reschedule official loans.Before that, however, Kenya will have to give the Paris Club - the forum that deals with rescheduling of loans owed to specific bilateral governments ETH credible reasons for such a request. It is worth noting that IMF (International Monetary Fund) postponed a crucial board meeting, which was expected to give the final nod on...
Interfax: RUSSIA, PARIS CLUB TO DISCUSS SWAPPING DEBT IN SEPT
RUSSIA READY TO EXCHANGE PARIS CLUB DEBT FOR SECURITIES. Russia is ready to exchange Paris Club of creditors debt for market securities, Finance Minister Alexei Kudrin told Interfax on August 26."We are ready to initiate transformation of debts to the Paris Club into market securities," Kudrin said, without providing further details. A number of countries are interested in issuing securities on debt Russia owes them, Kudrin said. Germany has already taken this step...
Interfax: RUSSIA TO DISCUSS PARIS CLUB EXCHANGE MECHANISM IN SEPT
MOSCOW. Aug 27 (Interfax) - The Russian Finance Ministry plans to discuss a mechanism for exchanging non-market former Soviet debt to the Paris Club of creditors for Russian Eurobonds during a working meeting with the Club in Paris at the start of September, Denis Mikhailov, deputy director of the department for international financial relations at the ministry told Interfax on Friday.Mikhailov will represent the Russian side at these talks.Then, this Russian initiative should receive...
Interfax: Creditors not rejecting Russian Paris Club debt initiative -Kudrin
WASHINGTON. Oct 4 (Interfax) - Creditors are not rejecting a Russian initiative to convert debt to the Paris Club into Russian Eurobonds out of hand, judging by informal consultations, Russian Finance Minister Alexei Kudrin told reporters.Kudrin said he had discussed the initiative with finance ministers from the United States and Germany, among others, during the fall session of the International Monetary Fund (IMF) and World Bank and the G8 meeting. He said opinions were exchanged and...
The World
Paris Club Nations Debate Proposal to Forgive 80% of Iraq Debt
U.S. and Germany approve the deal in principle, but no final decision has been made.
The Paris Club of creditor nations was debating a plan Saturday to write off as much as 80% of the debt Iraq owes the group's members.German Finance Minister Hans Eichel said that he and U.S. Treasury Secretary John W. Snow sealed the agreement in principle and that he expected the Paris Club to approve it.Iraq owes about $42 billion to the members of the Paris Club, a group of 19 countries including the United States, Japan, Russia and European nations. An agreement to...