NICARAGUA Debt Treatment - December 17, 1991

Amounts treated	$722 million
Repayment profile	treatment under London terms 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
Comparability of treatment provision	yes
Organisation of the session	Participating creditors AUSTRALIA , AUSTRIA , FINLAND , FRANCE , GERMANY , ISRAEL , ITALY , NETHERLANDS , SPAIN , SWEDEN , SWITZERLAND , UNITED KINGDOM , UNITED STATES OF AMERICA Observers CANADA , DENMARK , JAPAN , IMF , Inter-American Development Bank , OECD , UNCTAD , World Bank