HONDURAS  Debt treatment -      March 1, 1996

Amounts treated

$112 million

Repayment profile

Treatment under Naples 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 40 years with 16 years of grace

Specific provisions

Possibility to conduct debt swaps

Comparability of treatment provision

yes

Cut-off date

October 1, 1993

Organisation of the session

Have attended:

Participating creditors
  • CANADA
  • DENMARK
  • FRANCE
  • GERMANY
  • ITALY
  • JAPAN
  • NETHERLANDS
  • SPAIN
  • SWITZERLAND
  • UNITED STATES OF AMERICA
Observers
  • AUSTRIA
  • UNITED KINGDOM
  • IMF
  • Inter-American Development Bank
  • OECD
  • UNCTAD
  • World Bank