PERU  Debt treatment -      July 20, 1996

Supporting agreements with the international institutions

IMF programme under the EFF approved on July 1, 1996

Amounts treated

$6,723 million

Categories of debt treated

Treatment of maturities falling due from April 1, 1996 up to December 31, 1998

Repayment profile

Treatment under Houston terms

Specific provisions

Possibility to conduct debt swaps

Entry-into-force provision

Agreement implemented on December 31, 1996

Free transferability provision

Pullback clause

Phases

  • First phase : From April 1, 1996 up to December 31, 1996, implemented on December 31, 1996

  • Second phase : From January 1, 1997 up to December 31, 1997, implemented on July 4, 1997

  • Third phase : From January 1, 1998 up to December 31, 1998, implemented on June 29, 1998

De minimis threshold of 1,000,000 SDR

Payment of non-consolidated amounts before April 30, 1997

Comparability of treatment provision

yes

Cut-off date

January 1, 1983

Organisation of the session

Have attended:

Participating creditors

  • AUSTRIA
  • BELGIUM
  • CANADA
  • FINLAND
  • FRANCE
  • GERMANY
  • ITALY
  • JAPAN
  • NETHERLANDS
  • NORWAY
  • SPAIN
  • SWEDEN
  • UNITED KINGDOM
  • UNITED STATES OF AMERICA

Observers

  • DENMARK
  • IMF
  • Inter-American Development Bank
  • UNCTAD
  • World Bank