ALGERIA
Debt Treatment
-
July 21, 1995
|
Amounts treated
|
$7320 million
|
|
Categories of debts treated
|
treatment of maturities falling due from
June 01, 1995
up to
May 31, 1998
|
|
Repayment profile
|
treatment under
Classic terms
|
|
Specific provisions
|
possibility to conduct debt swaps
Phases
-
First phase :
From
June 01, 1995
up to
June 30, 1996
implemented at the signature of the agreement
-
Second phase :
From
July 01, 1996
up to
June 30, 1997
implemented at
November 28, 1996
-
Third phase :
From
July 01, 1997
up to
May 31, 1998
implemented at
July 17, 1997
de minimis threshold of
1 000 000
SDR
|
|
Comparability of treatment provision
|
yes
|
|
Cutoff date
|
September 30, 1993
|
|
Organisation of the session
|
The meeting was chaired by
M. Christian Noyer,
Chairman of the Paris Club
The head of the debtor country's delegation was
M. Ahmed Benbitour,
Minister of Finance
Participating creditors
AUSTRIA
,
BELGIUM
,
CANADA
,
DENMARK
,
FINLAND
,
FRANCE
,
GERMANY
,
ITALY
,
JAPAN
,
NETHERLANDS
,
NORWAY
,
PORTUGAL
,
SPAIN
,
SWEDEN
,
SWITZERLAND
,
UNITED KINGDOM
,
UNITED STATES OF AMERICA
Observers
European Commission
,
IMF
,
OECD
,
UNCTAD
,
World Bank
|
|
