External Debt Relief
When a country is not able to meet its debt obligations, it needs to negotiate debt relief with its creditors. Debt Relief International has a long track record of helping countries to maximize their debt relief in such negotiations. The main types of relief available are:
- relief on multilateral debt through the Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief (MDRI) Initiatives.
- relief on bilateral debt through negotiations with the Paris Club of (largely OECD) governments, and separate negotiations with non-Paris Club creditor governments
- relief on commercial debt through negotiations with a London Club of creditor banks and suppliers, other groups of creditors, or individual commercial agencies.
During the process of achieving debt relief countries may also become subject to litigation by creditors which are unwilling to provide sufficient relief.
