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
yes
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.
Participating creditors