ALGERIA  Debt treatment -      July 21, 1995

Amounts treated

$7,320 million

Categories of debt treated

Treatment of maturities falling due from June 1, 1995 up to May 31, 1998

Repayment profile

Treatment under Classic terms

Specific provisions

Possibility to conduct debt swaps

Phases

  • First phase : From June 1, 1995 up to June 30, 1996, implemented at the signature of the agreement
  • Second phase : From July 1, 1996 up to June 30, 1997, implemented on November 26, 1996
  • Third phase : From July 1, 1997 up to May 31, 1998, implemented on July 17, 1997

De minimis threshold of 1 ,000,000 SDR

Comparability of treatment provision

yes

Cut-off date

September 30, 1993

Organisation of the session

The meeting was chaired by Mr. Christian Noyer, Chairman of the Paris Club.

The head of the debtor country's delegation was Mr. Ahmed Benbitour, Minister of Finance.

Participating creditors
  • AUSTRIA
  • BELGIUM
  • CANADA
  • DENMARK
  • FINLAND
  • FRANCE
  • GERMANY
  • ITALY
  • JAPAN
  • NETHERLANDS
  • NORWAY
  • PORTUGAL
  • SPAIN
  • SWEDEN
  • SWITZERLAND
  • UNITED KINGDOM
  • UNITED STATES OF AMERICA
Observers
  • European Commission
  • IMF
  • OECD
  • UNCTAD
  • World Bank