Amounts treated
$276 million
Categories of debt treated
Treatment of maturities falling due from January 01, 1990 up to December 31, 1991
Repayment profile
Treatment under Toronto terms (cancellation rate of 33%)
- repayment of non ODA credits over 14 years, with 8 years of grace, after cancellation to a rate of 33%
- repayment of ODA credits over 25 years with 14 years of grace
Specific provisions
Phases
Payment of non-consolidated amounts before May 31, 1990
- First phase : From January 01, 1990 up to January 31, 1991, implemented at the signature of the agreement
- Second phase : From February 01, 1991 up to January 31, 1992, not implemented
Comparability of treatment provision
yes
Cut-off date
December 31, 1985
Organisation of the session
The meeting was chaired by M. Denis Samuel-Lajeunesse, Co-President of Paris Club.
The head of the debtor country's delegation was M. Enrique Garcia, Minister of Planning and Coordination.
Participating creditors
Observers
- CANADA, ISRAEL, ITALY, NORWAY, SPAIN, SWEDEN