Paris Club Accepts Peru Prepayment Offer

Representatives of the Paris Club creditor countries have accepted Peru’s offer to prepay its debt rescheduled in 1993 and 1996 and not granted under Official Development Assistance conditions, according to an official statement by the Paris Club. The decision follows a meeting in Paris earlier this week to study the proposals. According to Paris Club rules, each creditor country may decide to participatRepresentatives of the Paris Club creditor countries have accepted Peru’s offer to prepay its debt rescheduled in 1993 and 1996 and not granted under Official Development Assistance conditions, according to an official statement by the Paris Club. The decision follows a meeting in Paris earlier this week to study the proposals. According to Paris Club rules, each creditor country may decide to participate or not in this operation. For the participating creditors, the prepayment of around $2.54bn will be made on 1 October 2007, after conclusion of bilateral implementation agreements. e or not in this operation. For the participating creditors, the prepayment of around $2.54bn will be made on 1 October 2007, after conclusion of bilateral implementation agreements.