The agreement between the Government of the Republic of Kazakhstan and the Government of Georgia on debt restructuring of the Government of Georgia on the public credits granted to the Government of Georgia by the Government of the Republic of Kazakhstan

of July 1, 1996

The government of the Republic of Kazakhstan which is hereinafter referred to as by the Kazakhstan Side, and the Government of Georgia which is hereinafter referred to as by the Georgian Side, and together hereinafter referred to as by the Parties

- considering need of development, harmonization and further deepening of integration processes within the Commonwealth of Independent States;

- dividing efforts of the people of Georgia on implementation of the Program of economic reforms supported by the Government of the Republic of Kazakhstan, the International Monetary Fund, the World Bank and the world community in general;

- recognizing need of the fastest settlement of debt problem of the Government of Georgia agreed upon the public credits granted to it by the Government of the Republic of Kazakhstan according to intergovernmental agreements as follows:

Article 1

The parties agree to perform debt restructuring of the Georgian Side on the public credits granted to it by the Kazakhstan Side according to the following intergovernmental agreements:

"The agreement between the Government of the Republic of Kazakhstan and the Government of the Republic Georgia on renewal of debt on the technical credit following the results of 1992 in public credit of the Government of the Republic of Kazakhstan" of 01.06.93 (the hereinafter referred to as First agreement),

"The agreement between the Government of the Republic of Kazakhstan and the Government of the Republic Georgia on renewal of debt following the results of trade and economic cooperation for January-October, 1993 in public credit to the Government of the Republic Georgia" of 24.11.1994 (the hereinafter referred to as Second agreement)

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