NICARAGUA  Debt treatment -     March 22, 1995

Amounts treated

$848 million

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

Comparability of treatment provision

yes

Organisation of the session

Have attended:

Participating creditors
  • FINLAND
  • FRANCE
  • GERMANY
  • ITALY
  • NETHERLANDS
  • SPAIN
  • UNITED STATES OF AMERICA
Observers
  • AUSTRALIA
  • AUSTRIA
  • BELGIUM
  • BRAZIL
  • DENMARK
  • ISRAEL
  • JAPAN
  • NORWAY
  • SWEDEN
  • UNITED KINGDOM
  • IMF
  • Inter-American Development Bank
  • OECD
  • UNCTAD
  • World Bank