CHAD Debt treatment - June 14, 1996
Amounts treated
$12 million
Categories of debt treated
Treatment of maturities falling due from January 1, 1996 up to August 31, 1998
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
Entry-into-force provision
Agreement implemented on September 30, 1996
Phases
- First phase : From January 1, 1996 up to December 31, 1996, implemented on September 30, 1996
- Second phase : From January 1, 1997 up to December 31, 1997, implemented on March 10, 1997
- Third phase : From January 1, 1998 up to August 31, 1998, implemented on July 2, 1998
Comparability of treatment provision
yes
Organisation of the session
Written notification signed by Mr. Bertrand de MAZIERES, Vice-Chairman of the Paris Club, to Mr. AHMAT ALHABO, Minister of Finance.
Participating creditors
- FRANCE
- GERMANY
- ITALY