CONGO
Debt Treatment
-
July 16, 1996
|
Amounts treated
|
$1758 million
|
|
Categories of debts treated
|
treatment of maturities falling due from
July 01, 1996
up to
June 30, 1999
|
|
Repayment profile
|
treatment under
Naples 67% terms
-
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
entry-into-force provision
Agreement implemented on
December 31, 1996
|
|
Comparability of treatment provision
|
yes
|
|
Organisation of the session
|
Participating creditors
BELGIUM
,
BRAZIL
,
CANADA
,
FRANCE
,
GERMANY
,
ITALY
,
SPAIN
,
SWITZERLAND
,
UNITED KINGDOM
,
UNITED STATES OF AMERICA
Observers
DENMARK
,
JAPAN
,
African Development Bank
,
IMF
,
UNCTAD
,
World Bank
|
|
