BENIN
Debt Treatment
-
December 18, 1991
|
Amounts treated
|
$152 million
|
|
Categories of debts treated
|
treatment of maturities falling due from
January 01, 1992
up to
July 31, 1993
|
|
Repayment profile
|
treatment under
London terms
(cancellation rate of
50% )
-
repayment of non ODA credits over
23
years
,
with
6
years of grace
, after cancellation to a rate of
50%
-
repayment of ODA credits over
30
years
with
12
years of grace
|
|
Specific provisions
|
possibility to conduct debt swaps
good will clause
Phases
-
First phase :
From
January 01, 1992
up to
July 31, 1992
implemented at the signature of the agreement
-
Second phase :
From
August 01, 1992
up to
July 31, 1993
not implemented yet
de minimis threshold of
500 000
SDR
|
|
Comparability of treatment provision
|
yes
|
|
Cutoff date
|
March 31, 1989
|
|
Organisation of the session
|
The meeting was chaired by
Melle Anne Le Lorier,
Vice President of the Paris Club
The head of the debtor country's delegation was
M. Paul Dossou,
Minister of Finance
Participating creditors
BELGIUM
,
FRANCE
,
GERMANY
,
ITALY
,
NETHERLANDS
,
NORWAY
,
UNITED KINGDOM
Observers
CANADA
,
JAPAN
,
UNITED STATES OF AMERICA
,
IMF
,
OECD
,
UNCTAD
,
World Bank
|
|
