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Home page > BENIN - 20030423
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BENIN Debt Treatment - April 23, 2003

Supporting aggreements with the international institutions Program with the IMF supported by an Arrangement under the Poverty Reduction and Growth Facility (PRGF approved on July 17, 2000
Download the IMF report : letter of intent
Download the IMF report : Completion Point Document for the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative
HIPC Initiative Completion point reached on March 24, 2003
Total external debt of the country $1368 million as of December 31, 2001 , $201 million of which being due to the Paris Club as of March 01, 2003
Amounts treated $60 million , of which $60 million being canceled
Categories of debts treated treatment of arrears as of February 28, 2003 , treatment of the stock as of March 01, 2003
Repayment profile treatment under HIPC Initiative Exit terms
Comparability of treatment provision The Republic of Benin commits not to accord any category of creditors -and in particular creditor countries not participating in the present Agreed Minute, commercial banks and suppliers- a treatment more favourable than that accorded to the Participating Creditor Countries.
Cutoff date March 31, 1989
Organisation of the session The meeting was chaired by M. Ambroise Fayolle, Vice-President of Paris Club
The head of the debtor country's delegation was M. Grégoire Laourou, Minister of Economy and Finance
Participating creditors
FRANCE , GERMANY , ITALY , NETHERLANDS , NORWAY , RUSSIAN FEDERATION , UNITED KINGDOM
Observers
BELGIUM , CANADA , JAPAN , SPAIN , UNITED STATES OF AMERICA , IMF , UNCTAD , World Bank
Press release
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