Lyons conditions

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The Lyon Conditions promote concessional debt reduction agreed by the Paris Club in 1996 as part of the Heavily Indebted Poor Countries (HIPC) Initiative and under which Paris Club creditors may agree to reduce, on a case-by-case basis, up to 80% of the net present value of the commercial debt (other than Official Development Assistance (ODA)) prior to the cut-off date.

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