Naples Terms

Naples Terms

A form of debt relief for heavily indebted poor countries in which the present value of payments is reduced by up to two-thirds. The Naples terms were introduced by the Paris Club in 1995. This form of debt relief is a type of concessional restructuring.
References in periodicals archive ?
Guinea-Bissau cannot achieve debt sustainability in the foreseeable future unless it receives exceptional treatment of its debt-service obligations beyond the Naples terms already granted by the Paris Club creditors on official bilateral debt.
In February 1995, Uganda became the first country to receive a stock-of- debt operation on Naples terms from Paris Club creditors.