debt relief

listen to the pronunciation of debt relief
الإنجليزية - التركية
(Ticaret) borcun hafiflemesi
(Ticaret) borç yardımı
(Ticaret) borç erteleme
(Ticaret) borç ertelemesi
الإنجليزية - الإنجليزية
an arrangement in which very poor countries do not have to pay back all the money that has been lent to them by richer countries
Reducing the principal and/or interest payments on LDC loans
Debt relief may take the form of either refinancing, re-organisation, rescheduling or cancellation of all repayments A loan is refinanced when the creditor country makes a new loan to enable the debtor country to meet the debt service payments on an earlier loan A loan is rescheduled when the amortisation or interest payments or both on the outstanding portion are rearranged to make payment easier See also Paris Club and Retrospective Terms Adjustment