Term:
Multi-year rescheduling agreement (MYRA) - OECD
Definition:
Multi-year rescheduling agreement (MYRA) is an agreement that is made up of successive stages or tranches to be implemented only after certain specified conditions are met. Each tranche of the MYRA legally comes into force only when Paris Club creditors are satisfied that the conditions have been fulfilled. These agreements should be reported in Development Assistance Committee (DAC) statistics in stages as each tranche of the MYRA comes into force
Domain:
Finance
Source:
Development Assistance Committee (DCA) International Development Statistics – Handbook for Reporting Debt Reorganisation on the DAC Questionnaire