NIGER  Debt treatment -     December 19, 1996

Amounts treated

$128 million 

Categories of debt treated

Treatment of arrears as of December 1, 1996

Treatment of maturities falling due from December 1, 1996 up to June 30, 1999

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

Phases

  • First phase : From December 1, 1996 up to September 30, 1997, implemented at the signature of the agreement
  • Second phase : From October 1, 1997 up to September 30, 1998, implemented on September 29, 1997
  • Third phase : From October 1, 1998 up to June 30, 1999, implemented on June 8, 1999

Comparability of treatment provision

yes

 

Organisation of the session

Have attended:

Participating creditors
  • FRANCE
  • JAPAN
  • SPAIN
  • UNITED KINGDOM
  • UNITED STATES OF AMERICA
Observers
  • GERMANY
  • ITALY
  • NETHERLANDS
  • African Development Bank
  • IMF
  • OECD
  • UNCTAD
  • World Bank