BENIN
Debt Treatment
-
June 21, 1993
|
Amounts treated
|
$24 million
|
|
Categories of debts treated
|
treatment of maturities falling due from
August 01, 1993
up to
December 31, 1995
|
|
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
Phases
-
First phase :
From
August 01, 1993
up to
December 31, 1993
implemented at the signature of the agreement
-
Second phase :
From
January 01, 1994
up to
December 31, 1994
implemented at
April 27, 1994
-
Third phase :
From
January 01, 1995
up to
December 31, 1995
implemented at
July 19, 1995
de minimis threshold of
250 000
SDR
|
|
Comparability of treatment provision
|
yes
|
|
Cutoff date
|
March 31, 1989
|
|
Organisation of the session
|
The meeting was chaired by
Mme Ariane Obolensky,
Co 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
Observers
CANADA
,
JAPAN
,
NORWAY
,
UNITED KINGDOM
,
UNITED STATES OF AMERICA
,
African Development Bank
,
IMF
,
OECD
,
UNCTAD
,
World Bank
|
|
