English
Debtor country:
Creditor country:
Terms:
Treatment date:
Monday, 21 June, 1993
Status of the treatment:
Fully repaid
Amounts treated:
$24 million
Categories of debt treated:
Treatment of maturities falling due from August 01, 1993 up to December 31, 1995
Repayment profile:
Treatment under London terms (cancellation rate of 50%)
- repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 50%
- repayment of ODA credits over 30 years with 12 years of grace
Specific provisions:
Possibility to conduct debt swaps
Phases
- First phase : From August 01, 1993 up to December 31, 1993, implemented at the signature of the agreement
- Second phase : From January 01, 1994 up to December 31, 1994, implemented on April 27, 1994
- Third phase : From January 01, 1995 up to December 31, 1995, implemented on July 19, 1995
De minimis threshold of 250 000 SDR
Comparability of treatment provision:
yes
Cut-off date:
March 31, 1989
Organisation of the session:
The meeting was chaired by Mme Ariane Obolensky, Co President of the Paris Club.
The head of the debtor country's delegation was M. Paul Dossou, Minister of Finance.
Observers (countries):
Observers (institutions):