ALBANIA  Debt treatment -      July 22, 1998

Amounts treated

$75 million

Categories of debt treated

Treatment of arrears as of April 30, 1998

Repayment profile

Treatment under Naples 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 40 years

Specific provisions

De minimis threshold of 150,000 SDR

Payment of non-consolidated amounts before October 1, 1998

Comparability of treatment provision

yes

Cut-off date

September 30, 1993

Organisation of the session

Have attended:

Participating creditors
  • ITALY
  • RUSSIAN FEDERATION
Observers
  • AUSTRALIA
  • AUSTRIA
  • BELGIUM
  • CANADA
  • DENMARK
  • FINLAND
  • FRANCE
  • GERMANY
  • JAPAN
  • NETHERLANDS
  • NORWAY
  • SPAIN
  • SWEDEN
  • SWITZERLAND
  • UNITED KINGDOM
  • UNITED STATES OF AMERICA