Amounts treated
$152 million
Categories of debt treated
Treatment of maturities falling due from January 01, 1992 up to July 31, 1993
Repayment profile
Treatment under London terms (cancellation rate of 50%)
- repayment of non ODA credits over 23 years, with 6 years of grace, after cancellation to a rate of 50%
- repayment of ODA credits over 30 years with 12 years of grace
Specific provisions
Possibility to conduct debt swaps
Good will clause
Phases
- First phase : From January 01, 1992 up to July 31, 1992, implemented at the signature of the agreement
- Second phase : From August 01, 1992 up to July 31, 1993, not implemented
De minimis threshold of 500 000 SDR
Comparability of treatment provision
yes
Cut-off date
March 31, 1989
Organisation of the session
The meeting was chaired by Melle Anne Le Lorier, Vice President of the Paris Club
The head of the debtor country's delegation was M. Paul Dossou, Minister of Finance
Participating creditors