BENIN Debt treatment - June 22, 1989
Amounts treated
$193 million
Categories of debt treated
Treatment of maturities falling due from June 1, 1989 up to June 30, 1990
Repayment profile
Treatment under Toronto terms (cancellation rate of 33%)
- repayment of non ODA credits over 14 years, with 8 years of grace, after cancellation to a rate of 33%
- repayment of ODA credits over 25 years with 14 years of grace
Specific provisions
Good will clause
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 Mr. Denis Samuel-Lajeunesse, Co-Chairman of the Paris Club.
The head of the debtor country's delegation was Mr. Didier Dassi, Minister of Finance.
Participating creditors
- BELGIUM
- CANADA
- FRANCE
- GERMANY
- ITALY
- NETHERLANDS
- NORWAY
- UNITED KINGDOM
- UNITED STATES OF AMERICA
Observers
- DENMARK
- JAPAN
- IMF
- OECD
- UNCTAD
- World Bank