BENIN Debt treatment - December 18, 1991
Amounts treated
$152 million
Categories of debt treated
Treatment of maturities falling due from January 1, 1992 up to July 31, 1993
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
Good will clause
Phases
- First phase : From January 1, 1992 up to July 31, 1992, implemented at the signature of the agreement
- Second phase : From August 1, 1992 up to July 31, 1993, not implemented
De minimis threshold of 500,000 SDR
Comparability of treatment provision
yes
Cut-off date
March 31, 1989
Organisation of the session
The meeting was chaired by Ms. Anne Le Lorier, Vice-Chairperson of the Paris Club
The head of the debtor country's delegation was Mr. Paul Dossou, Minister of Finance
Participating creditors
- BELGIUM
- FRANCE
- GERMANY
- ITALY
- NETHERLANDS
- NORWAY
- UNITED KINGDOM
Observers
- CANADA
- JAPAN
- UNITED STATES OF AMERICA
- IMF
- OECD
- UNCTAD
- World Bank