Contents Introduction Background Paris Club Terms Classic Terms Houston Terms Naples Terms Cologne Terms The Evian Approach U.
Classic and Houston terms offer debt rescheduling while Naples and Cologne terms provide debt reduction.
Cologne terms were created at the June 1999, G-8 Summit in Cologne, Germany.
Prior to the Evian Approach's introduction, debt cancellation was restricted to countries eligible for IDA loans from the World Bank under Naples Terms or HIPC countries under Cologne terms.
HIPC countries will continue to receive assistance under Cologne terms, which sanction up to 90% debt cancellation.
