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Debt treatment -
July 16, 1996

Amounts treated

$1 758 million

Categories of debt treated

Treatment of maturities falling due from July 01, 1996 up to June 30, 1999

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 December 31, 1996

Comparability of treatment provision


Organisation of the session

The meeting was chaired by Mr. Bertrand de MAZIERES, Vice President of the Paris Club.

The head of the debtor country's delegation was Mr. Nguila MOUGOUNGA-NKOMBO, Minister of Economy and Finance.


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