Supporting agreements with the international institutions
IMF program under the EFF approved on July 01, 1996
Amounts treated
$6 723 million
Categories of debt treated
Treatment of maturities falling due from April 01, 1996 up to December 31, 1998
Repayment profile
Treatment under Houston terms
Specific provisions
Possibility to conduct debt swaps
Entry-into-force provision
Agreement implemented on December 31, 1996
Free transferability provision
Pullback clause
Phases
- First phase : From April 01, 1996 up to December 31, 1996, implemented on December 31, 1996
- Second phase : From January 01, 1997 up to December 31, 1997, implemented on July 04, 1997
- Third phase : From January 01, 1998 up to December 31, 1998, implemented on June 29, 1998
De minimis threshold of 1 000 000 SDR
Payment of non-consolidated amounts before April 30, 1997
Comparability of treatment provision
yes
Cut-off date
January 01, 1983
Organisation of the session
Have attended:
Participating creditors