Amounts treated
$881 million
Categories of debt treated
Treatment of the stock as of December 31, 1995
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
Pullback clause
De minimis threshold of 2 000 000 SDR
Payment of non-consolidated amounts before March 31, 1996
Comparability of treatment provision
yes
Cut-off date
December 31, 1985
Organisation of the session
The meeting was chaired by M. Francis Mayer, Co President of the Paris Club.
The head of the debtor country's delegation was M. Fernando Candia, Minister of Finance.
Participating creditors