BENIN
Debt Treatment
-
October 24, 1996
|
Amounts treated
|
$208 million
|
|
Categories of debts treated
|
treatment of the stock as of
October 24, 1996
|
|
Repayment profile
|
treatment under
Naples 67% 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
de minimis threshold of
1 400 000
SDR
|
|
Comparability of treatment provision
|
yes
|
|
Cutoff date
|
March 31, 1989
|
|
Organisation of the session
|
The meeting was chaired by
M. Francis Mayer,
Co President of the Paris Club
The head of the debtor country's delegation was
M. Moïse Mensah,
Minister of Finance
Participating creditors
BELGIUM
,
FRANCE
,
GERMANY
,
ITALY
,
NETHERLANDS
,
NORWAY
,
UNITED KINGDOM
Observers
AUSTRIA
,
CANADA
,
JAPAN
,
UNITED STATES OF AMERICA
,
IMF
,
UNCTAD
,
World Bank
|
|
