Amounts treated
$237 million
Categories of debt treated
Treatment of arrears as of December 31, 1994
Treatment of maturities falling due from January 01, 1995 up to September 30, 1997
Repayment profile
Treatment under Naples terms (cancellation rate of 67%)
- repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 67%
- repayment of ODA credits over 40 years with 16 years of grace
Specific provisions
Possibility to conduct debt swaps
Entry-into-force provision
Agreement implemented on December 31, 1995
Phases
- First phase : From January 01, 1995 up to December 31, 1995, implemented on December 31, 1995
- Second phase : From January 01, 1996 up to December 30, 1996, implemented on October 17, 1996
- Third phase : From January 01, 1997 up to September 30, 1997, implemented on September 29, 1997
Comparability of treatment provision
yes
Cut-off date
January 01, 1983
Organisation of the session
Have attended:
Participating creditors