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Debt treatment -
May 20, 1996

Amounts treated

$32 million

Categories of debt treated

Treatment of the stock as of May 20, 1996

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

Comparability of treatment provision

yes

Organisation of the session

Have attended:

Participating creditors
Observers
  • BELGIUM, GERMANY, JAPAN, UNITED STATES OF AMERICA
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