BENIN Debt treatment - April 23, 2003
Supporting agreements with the international institutions
Programme with the IMF supported by an Arrangement under the Poverty Reduction and Growth Facility (PRGF) approved on July 17, 2000
Total external debt of the country
$1,368 million as of December 31, 2001
$201 million of which being due to Paris Club as of March 1, 2003
Amounts treated
$60 million of which $60 million being cancelled
Accorded treatment
Completion point reached on March 24, 2003
Reduction of the stock of debt
Categories of debt treated
Treatment of arrears as of February 28, 2003
Treatment of the stock as of March 1, 2003
Repayment profile
Treatment under HIPC Initiative Exit terms
Comparability of treatment provision
The Republic of Benin commits not to accord any category of creditors -and in particular creditor countries not participating in the Agreed Minute, commercial banks and suppliers- a treatment more favourable than that accorded to the Participating Creditor Countries.
Cut-off date
March 31, 1989
Organisation of the session
The meeting was chaired by Mr. Ambroise Fayolle, Vice-Chairman of Paris Club.
The head of the debtor country's delegation was Mr. Grégoire Laourou, Minister of Economy and Finance.
- FRANCE
- GERMANY
- ITALY
- NETHERLANDS
- NORWAY
- RUSSIAN FEDERATION
- UNITED KINGDOM
- BELGIUM
- CANADA
- JAPAN
- SPAIN
- UNITED STATES OF AMERICA
- IMF
- UNCTAD
- World Bank