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Debt treatment -
March 15, 1990

Amounts treated

$276 million

Categories of debt treated

Treatment of maturities falling due from January 01, 1990 up to December 31, 1991

Repayment profile

Treatment under Toronto terms (cancellation rate of 33%)

  • repayment of non ODA credits over 14 years, with 8 years of grace, after cancellation to a rate of 33%
  • repayment of ODA credits over 25 years with 14 years of grace

Specific provisions


Payment of non-consolidated amounts before May 31, 1990

  • First phase : From January 01, 1990 up to January 31, 1991, implemented at the signature of the agreement
  • Second phase : From February 01, 1991 up to January 31, 1992, not implemented

Comparability of treatment provision


Cut-off date

December 31, 1985

Organisation of the session

The meeting was chaired by M. Denis Samuel-Lajeunesse, Co-President of Paris Club.

The head of the debtor country's delegation was M. Enrique Garcia, Minister of Planning and Coordination.

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