BENIN Debt treatment - October 24, 1996
Amounts treated
$209 million
Categories of debt treated
Treatment of the stock as of October 24, 1996
Repayment profile
Treatment under Naples terms (cancellation rate of 67%)
- repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 67%
- repayment of ODA credits over 40 years with 16 years of grace
Specific provisions
Possibility to conduct debt swaps
Pullback clause
De minimis threshold of 1,400,000 SDR
Comparability of treatment provision
yes
Cut-off date
March 31, 1989
Organisation of the session
The meeting was chaired by Mr. Francis Mayer, Co-Chairman of the Paris Club.
The head of the debtor country's delegation was Mr. Moïse Mensah, Minister of Finance.
Participating creditors
- BELGIUM
- FRANCE
- GERMANY
- ITALY
- NETHERLANDS
- NORWAY
- UNITED KINGDOM
Observers
- AUSTRIA
- CANADA
- JAPAN
- UNITED STATES OF AMERICA
- IMF
- UNCTAD
- World Bank