Amounts treated
$196 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%), after cancellation to a rate of 67%
Specific provisions
Phases
- First phase : From January 01, 1995 up to December 31, 1995, implemented at the signature of the agreement
- Second phase : From January 01, 1996 up to December 30, 1996, implemented on July 05, 1996
- Third phase : From January 01, 1997 up to December 31, 1997, implemented on September 29, 1997
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. Rui DIA DE SOUSA, Minister of Finance.
Observers
- JAPAN, NETHERLANDS, SPAIN, UNITED STATES OF AMERICA