NewsCase StudiesEvents

UKEF guidance for creditors on temporary suspension of debt service repayments

Also in the news...

Foreign travel advice The Gambia

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).

Foreign travel advice China

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).

Guidance Living in South Korea

Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.

Guidance Living in Nigeria

Information for British citizens moving to or living in Nigeria, including guidance on residency, healthcare and passports.

Paul Beare Wins IR Global Member Of The Year

Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.

UKEF guidance for creditors on temporary suspension of debt service repayments

Back to News

Agreement to help eligible developing countries which request forbearance to respond to the financing needs arising from coronavirus (COVID-19).

G20 Finance Ministers and the Paris Club of official creditors have agreed to provide a temporary suspension on debt service repayments to help eligible developing countries which request forbearance to respond to the financing needs arising from coronavirus (COVID-19).

The suspension of payments will cover a period from 1 May to 31 December 2020 on anNPV-neutral basis and include both interest and principal payments.

For the UK, this applies to any debt rescheduled through the Paris Club or bilaterally up to 24 March 2020, but does not apply to uncalled guarantees subsisting at any time.

Countries eligible for support are allIDAcountries as defined by theWBGand the least developed countries as defined by the United Nations, that are current on any debt service to theIMFand the World Bank.UKEFwill implement the initiative, consistent with national laws and internal procedures.

Read the Paris Club term sheet.


You are not logged in!

Please login or register to ask our experts a question.

Login now or register.