Amounts treated
$128 million
Categories of debt treated
Treatment of arrears as of December 01, 1996
Treatment of maturities falling due from December 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
Phases
- First phase : From December 01, 1996 up to September 30, 1997, implemented at the signature of the agreement
- Second phase : From October 01, 1997 up to September 30, 1998, implemented on September 29, 1997
- Third phase : From October 01, 1998 up to June 30, 1999, implemented on June 08, 1999
Comparability of treatment provision
yes
Organisation of the session
Have attended:
Participating creditors