Amounts treated
$482 million
Categories of debt treated
Treatment of maturities falling due from January 01, 1995 up to December 31, 1997
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
De minimis threshold of 500 000 SDR
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 Cossio, Minister of Finance.
Participating creditors