TOGO
Debt Treatment
-
February 23, 1995
|
Amounts treated
|
$237 million
|
|
Categories of debts treated
|
treatment of arrears as of
December 31, 1994
,
treatment of maturities falling due from
January 01, 1995
up to
September 30, 1997
|
|
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, 1995
Phases
-
First phase :
From
January 01, 1995
up to
December 31, 1995
implemented at
December 31, 1995
-
Second phase :
From
January 01, 1996
up to
December 31, 1996
implemented at
October 17, 1996
-
Third phase :
From
January 01, 1997
up to
September 30, 1997
implemented at
September 29, 1997
|
|
Comparability of treatment provision
|
yes
|
|
Cutoff date
|
January 01, 1983
|
|
Organisation of the session
|
Participating creditors
AUSTRIA
,
BELGIUM
,
FRANCE
,
GERMANY
,
ITALY
,
NETHERLANDS
,
SPAIN
,
SWEDEN
,
SWITZERLAND
,
UNITED KINGDOM
Observers
JAPAN
,
UNITED STATES OF AMERICA
,
IMF
,
OECD
,
UNCTAD
,
World Bank
|
|
