NIGER  Debt treatment -     March 4, 1994

Amounts treated

$128 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

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