02306cas a2200241 a 4500 AALejournalIMF007836 230101c9999 xx r poo 0 0eng d 50.00 USD 9781451941135 0258-7440 BD-DhAAL BD-DhAAL International Monetary Fund. Multilateral Official Debt Rescheduling : Recent Experience, May 1988. Washington, D.C. : International Monetary Fund, 1987. 1 online resource (30 pages) World Economic and Financial Surveys <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper describes developments in multilateral official debt renegotiations over the 18 months through December 1987. The most important new departure in multilateral official debt renegotiations was the adaptation of policies by Paris Club creditors in response to the protracted problems of the poorest and most heavily indebted countries at the same time that other initiatives were launched for low-income countries, including the proposal for enhancement of the IMF's structural adjustment facility. Official creditors have generally preserved concessional interest rates in the restructuring of official development assistance (ODA) loans; moreover, for the poorest debtors, some creditors have converted such loans into grants. The question of interest concessions on other categories of debts rescheduled by the Paris Club was raised, inter alia, by the Venice summit but no consensus exists among creditors for changing the current practice. By regularly excluding short-term debt from reschedulings, debtors and creditors have also frequently succeeded in protecting the flow of short-term trade financing, which is often vital to the financing of an IMF-supported program. Mode of access: Internet World Economic and Financial Surveys; World Economic and Financial Surveys ; No 1987/005 Full text available on IMF http://elibrary.imf.org/view/books/083/14269-9781451941135-en/14269-9781451941135-en-book.xml IMF e-Library