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JORDAN - 19940628

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Tuesday, 28 June, 1994

Status of the treatment: 

Fully repaid

Amounts treated: 

$1 147 million

Repayment profile: 

Treatment under Houston terms

Specific provisions: 

Possibility to conduct debt swaps

Comparability of treatment provision: 

yes

Organisation of the session: 

Have attended:

Observers (institutions): 

GUATEMALA - 19930325

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Thursday, 25 March, 1993

Status of the treatment: 

Fully repaid

Amounts treated: 

$440 million

Categories of debt treated: 

Treatment of arrears as of March 31, 1993

 

Repayment profile: 

Treatment under Houston terms

Specific provisions: 

Pullback clause

Comparability of treatment provision: 

yes

Cut-off date: 

January 01, 1991

Organisation of the session: 

Have attended:

Observers (countries): 

Observers (institutions): 

EQUATORIAL GUINEA - 19941215

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Thursday, 15 December, 1994

Status of the treatment: 

Fully repaid

Amounts treated: 

$51 million

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

Comparability of treatment provision: 

yes

Organisation of the session: 

Have attended:

Observers (institutions): 

EQUATORIAL GUINEA - 19920402

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Thursday, 2 April, 1992

Status of the treatment: 

Fully repaid

Amounts treated: 

$33 million

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

Comparability of treatment provision: 

yes

Organisation of the session: 

Have attended:

Observers (institutions): 

GUINEA-BISSAU - 19891026

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Thursday, 26 October, 1989

Status of the treatment: 

Fully repaid

Amounts treated: 

$21 million

Repayment profile: 

Treatment under Toronto terms (cancellation rate of 33%), after cancellation to a rate of 33%

Organisation of the session: 

The meeting was chaired by Mrs. Anne LE LORIER, Vice President of the Paris Club.

The head of the debtor country's delegation was Mr. Victor FREIRE MONTEIRO, Minister of Finance.

Observers (countries): 

Observers (institutions): 

GABON - 20001215

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Friday, 15 December, 2000

Status of the treatment: 

Fully repaid

Total external debt of the country: 

$2 600 million of which being due to Paris Club as of May 01, 2000

Amounts treated: 

$532 million

Categories of debt treated: 

Treatment of arrears as of September 30, 2000

 

Repayment profile: 

Treatment under Classic terms

  • repayment of non ODA credits over 12 years, with 3 years of grace

repayment profile

Specific provisions: 

Possibility to conduct debt swaps

On a voluntary and bilateral basis, the Government of each Participating Creditor Country or its appropriate institutions may sell or exchange, in the framework of debt for nature, debt for aid, debt for equity swaps or other local currency debt swaps the amounts of outstanding credits and loans [treated in the present Agreed Minute] other than official development aid loans, as well as consolidation of such credits, up to 10% of the amounts of these outstanding credits and consolidations as of December 31, 1999, or up to an amount of 15 million SDR, whichever is higher. Participating Creditor Countries will inform the Secretariat of the Paris Club, who will inform other Creditors, of their intention to implement debt swap agreements. In addition, Participating Creditor Countries and the Republic of Gabon will inform semi-annually the Secretariat of the Paris Club, who will inform other Creditors, of the debt swap operations they have implemented. All elements necessary to evaluate the operation, its impact on the Republic of Gabon's economy and on the evolution of creditor's exposure will be transmitted to the Secretariat, including : its nature and purpose ; the parties to the debt swap ; the amount, type and value of the debt treated ; the price of sale to investors and the expense of the Republic of Gabon. It is understood that Participating Creditor Countries will not implement debt swaps at a time of arrears to Participating Creditor Countries on amounts consolidated under the present or previous Agreed Minutes.

 

Entry-into-force provision

The provisions [...] of the present Agreed Minute will come into force on February 28, 2001 provided that the Government of the Republic of Gabon has made all payments to be made up to February 28, 2001 inclusive [on non-consolidated amounts].

Agreement implemented on February 28, 2001

 

Pullback clause

The Participating Creditor Countries will review the implementation of the conditions stated in [the presentAgreed Minute]. If, in light of the decisions taken by the Board of the International Monetary Fund, the Participating Creditor Countries determine that this condition was not fulfilled for the implementation of the present Agreed Minute, they may declare part or all of the provisions set forth in [the present Agreed Minute] null and void.

De minimis threshold of 1 500 000 SDR

Payment of non-consolidated amounts before February 28, 2001

Comparability of treatment provision: 

In order to secure comparable treatment of its debt due to all its external public or private creditors, the Government of the Republic of Gabon commits itself to seek promptly from all its external creditors debt reorganisation arrangements on terms comparable to those set forth in the present Agreed Minute, while trying to avoid discrimination among different categories of creditors.

Consequently, the Government of the Republic of Gabon commits itself to accord all categories of creditors -and in particular creditor countries not participating in the present Agreed Minute, and private creditors- a treatment not more favourable than that accorded to the Participating Creditor Countries for credits of comparable maturity.

For the purpose of the comparison between the arrangements concluded by the Government of the Republic of Gabon with its creditors not listed in the present Agreed Minute on the one hand, and with the Participating Creditor Countries on the other hand, all relevant elements will be taken into account, including the real exposure of the creditors not listed in the present Agreed Minute, the level of cash payments received by those creditors from the Government of the Republic of Gabon as compared to their share of the Republic of Gabon's external debt, the nature and characteristics of all treatment applied, including debt buy backs, and all characteristics of the reorganized claims and in particular their repayment terms whatever forms they take and in general the financial relations between the Government of the Republic of Gabon and the creditors not listed in the present Agreed Minute.

Cut-off date: 

July 01, 1986

Organisation of the session: 

The meeting was chaired by Mr. Bruno BEZARD, Vice Chairman of the Paris Club.

The head of the debtor country's delegation was Mr. Emile DOUMBA, Minister of Finance, Budget and Privatization.

Files attached: 

PDF icon GA15122000CPEN6870.pdf

Observers (countries): 

Observers (institutions): 

ETHIOPIA - 19970124

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Friday, 24 January, 1997

Status of the treatment: 

Active

Supporting agreements with the international institutions: 

IMF program under the ESAF approved on October 11, 1996

 

Amounts treated: 

$183 million

Categories of debt treated: 

Treatment of arrears as of December 31, 1996

Treatment of maturities falling due from January 01, 1997 up to October 31, 1999

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

On a voluntary and bilateral basis, the Government of each participating creditor country or its appropriate institutions may sell or exchange, in the framework of debt for nature, debt for aid, debt for equity swaps or other local currency debt swaps : (i) the amounts of outstanding loans [treated in the present Agreed Minute] as regards official development aid loans ; (ii) the amounts of other outstanding credits, loans and consolidations [treated in the present Agreed Minute], up to 20% of the amounts of outstanding credits as of November 30, 1992 or up to an amount of 20 million SDR, whichever is higher.

 

Good will clause

In response to the request of the representatives of the Government of Ethiopia, the Participating Creditor Countries agreed in principle to a meeting to consider the matter of Ethiopia's debt service payments falling due after October 31, 1999 and relating to loans or credits pursuant to a contract or other financial arrangement concluded before December 31, 1989 provided :

- that Ethiopia continues to have an appropriate arrangement with the International Monetary Fund ;

- that Ethiopia has reached with other creditors effective arrangements meeting the conditions described in [the recommendations] and has reported in writing to the Chairman of the Paris Club, pursuant to [the recommendations] ;

- and that Ethiopia has complied with all conditions set out in this Agreed Minute.

 

Free transferability provision

The Government of Ethiopia guarantees the immediate and unrestricted transfer of the foreign exchange counterpart of all amounts paid in local currency by the private debtors in Ethiopia for servicing their foreign debt legally contracted under the Ethiopian law and owed to or guaranteed by the Participating or Observer Creditor Countries or their appropriate institutions.

 

Pullback clause

The Participating Creditor Countries reserve the right to review and agree to the implementation of the conditions stated in [the present Agreed Minute] for the comparability of treatment between all creditor countries. If the Participating Creditor Countries determine that these conditions are not substantially fulfilled, and do not agree to their implementation, the provisions [...] of the present Agreed Minute will become null and void. In this case, the total amount of debts covered by the present Agreed Minute will be due and payable at that time, with the exception of maturities which have not yet fallen due on these debts. Any payments of principal and interest already made under [the present Agreed Minute] will be taken into account.

 

Phases

  • First phase : From January 01, 1997 up to December 31, 1997, implemented at the signature of the agreement
  • Second phase : From January 01, 1998 up to December 31, 1998, implemented on November 20, 1998
  • Third phase : From January 01, 1999 up to October 31, 1999, not implemented

De minimis threshold of 250 000 SDR

Payment of non-consolidated amounts before March 31, 1997

Comparability of treatment provision: 

In order to secure comparable treatment of its debt due to all its external public or private creditors, the Government of Ethiopia commits itself to negotiate debt reorganization arrangements with all its external creditors.

The Government of Ethiopia commits itself not to accord any category of creditors -and in particular creditor countries not participating in the present Agreed Minute, commercial banks and suppliers- a treatment more favourable than that accorded by the Participating Creditor Countries for credits of comparable maturity and legal nature.

Organisation of the session: 

Have attended:

Observers (countries): 

Observers (institutions): 

ETHIOPIA - 19921216

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Wednesday, 16 December, 1992

Status of the treatment: 

Active

Amounts treated: 

$441 million

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

Comparability of treatment provision: 

yes

Organisation of the session: 

Have attended:

Observers (countries): 

Observers (institutions): 

ECUADOR - 19940627

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Monday, 27 June, 1994

Status of the treatment: 

Fully repaid

Amounts treated: 

$292 million

Repayment profile: 

Treatment under Houston terms

 

Specific provisions: 

Possibility to conduct debt swaps

Comparability of treatment provision: 

yes

Organisation of the session: 

Have attended:

Observers (countries): 

Observers (institutions): 

ECUADOR - 19920120

Submitted by adminCDP on Tue, 29/09/2015 - 11:23
English

Debtor country: 

Creditor country: 

Terms: 

Treatment date: 

Monday, 20 January, 1992

Status of the treatment: 

Fully repaid

Amounts treated: 

$339 million

Repayment profile: 

Treatment under Houston terms

 

Specific provisions: 

Possibility to conduct debt swaps

Comparability of treatment provision: 

yes

Organisation of the session: 

Have attended:

Observers (countries): 

Observers (institutions): 

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