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Definition: Terms-of-reference rescheduling

External debt - IMF

Paris Club rescheduling involving only a small number of creditors. 

Typically this does not require a rescheduling meeting between the debtor country and its creditors, with the agreement being reached through an exchange of letters.
Source:
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003
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