Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation

Policy Papers ◽  
2006 ◽  
Vol 2006 (48) ◽  
Author(s):  
Keyword(s):  
Poverty Reduction ◽  
Debt Relief ◽  
Debt Service ◽  
Poor Countries ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Paris Club ◽  
The Imf

This report reviews progress and issues in implementing the enhanced Heavily Indebted Poor Countries (HIPC) Initiative and reports on the implementation of the Multilateral Debt Relief Initiative (MDRI) by IDA, the IMF, and AfDF. It concludes that the volume of debt relief has increased significantly since the inception of the HIPC Initiative in 1996, thereby reducing HIPCs’ debt service burdens and allowing them to finance increased poverty reduction efforts. It also provides updated information on the costs of debt relief under the HIPC Initiative and the MDRI. Finally, it reviews the status of creditor participation and delivery of debt relief under the two initiatives, highlighting the challenges to increase the participation by non–Paris Club official bilateral and commercial creditors in the HIPC Initiative.

Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative - Statistical Update

Policy Papers ◽  
2013 ◽  
Vol 2013 (86) ◽  
Author(s):  
Keyword(s):  
Debt Relief ◽  
Cost Of Debt ◽  
Participation Rates ◽  
Poor Countries ◽  
The Past ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
The Cost ◽  
The Imf

This report provides an update on the status of implementation of the HIPC Initiative and the MDRI over the past year. Given that most HIPCs have reached the completion point, in November 2011, the IMF and IDA Boards2 endorsed staff’s proposal to further streamline reporting of progress under the HIPC Initiative and MDRI. It was agreed that the annual HIPC Initiative/MDRI status of implementation report will be discontinued, while the core information—on debt service and poverty reducing expenditure, the cost of debt relief, creditor participation rates, and litigation against HIPCs—should continue to be made available and updated regularly on the IMF and World Bank websites.

Enhanced Heavily Indebted Poor Countries Initiative - Status of Non-Paris Club Official Bilateral Creditor Participation

Policy Papers ◽  
2007 ◽  
Vol 2007 (38) ◽  
Author(s):  
Keyword(s):  
Response Rate ◽  
Debt Relief ◽  
Poor Countries ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Paris Club

This paper provides an update on the delivery of HIPC Initiative debt relief by non- Paris Club official bilateral creditors and proposes measures to increase their participation. It finds that non-Paris Club creditors have provided about one third of the total HIPC Initiative debt relief expected from them, with significant variations among creditors. Although the response rate to the survey sent by staffs of the Bank and the Fund to creditors was higher than in previous years, the information received is still limited and partial, and the estimate of debt relief delivered remains preliminary.

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation

Policy Papers ◽  
2007 ◽  
Vol 2007 (40) ◽  
Author(s):  
Keyword(s):  
Poor Country ◽  
Debt Relief ◽  
Poor Countries ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative

This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation 2008

Policy Papers ◽  
2008 ◽  
Vol 2008 (71) ◽  
Author(s):  
Keyword(s):  
Recent Progress ◽  
Poor Country ◽  
External Debt ◽  
Debt Relief ◽  
Poor Countries ◽  
Consensus Recommendations ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative

This report provides an update on the status of implementation, impact and costs of the Enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). With a view to the upcoming Financing for Development meetings in Doha, the report not only reports on recent progress since mid-2007, but also on developments since the Monterrey Consensus recommendations on external debt relief.

Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update

Policy Papers ◽  
2016 ◽  
Vol 16 (19) ◽  
Author(s):  
Keyword(s):  
Debt Relief ◽  
Cost Of Debt ◽  
Present Value ◽  
Total Cost ◽  
Poor Countries ◽  
Percentage Points ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Paris Club

The HIPC Initiative and MDRI are nearly complete, with 36 countries having already reached the completion point under the HIPC Initiative. Chad, in April 2015, is the latest country to reach the completion point. Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries and has enabled them to increase their poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2014. Creditor participation in the HIPC Initiative has been strong amongst the multilateral and Paris Club creditors; however participation from other creditor groups still needs to be strengthened. The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$74.8 billion, while the costs to the four multilateral creditors providing relief under the MDRI is estimated at US$41.6 billion in end-2014 present value terms.

Heavily Indebted Poor Countries Initiative - Status of Implementation

Policy Papers ◽  
2005 ◽  
Vol 2005 (61) ◽  
Author(s):  
Keyword(s):  
Debt Relief ◽  
Eligibility Criterion ◽  
Poor Countries ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Paris Club

This report reviews progress and issues in implementing the enhanced HIPC Initiative. In addition to updating information on the delivery of HIPC debt relief and its estimated costs, it discusses two particular issues: the decline in the participation of commercial and non-Paris Club bilateral creditors to the Initiative; and the preliminary list of countries that satisfy the indebtedness eligibility criterion under the extended HIPC sunset clause.

scholarly journals Update on the Financing of the IMF's Concessional Assistance and Debt Relief to Low-Income Member Countries

Policy Papers ◽  
2008 ◽  
Vol 2008 (57) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Poverty Reduction ◽  
Debt Relief ◽  
Annual Review ◽  
Executive Board ◽  
Poor Countries ◽  
Exogenous Shocks ◽  
Emergency Assistance ◽  
The Status ◽  
Heavily Indebted Poor Countries

This paper provides a semi-annual review of the status of financing for Poverty Reduction and Growth Facility-Exogenous Shocks Facility (PRGF-ESF) lending, subsidization of emergency assistance to PRGF-eligible countries, and Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI) debt relief. The last review was completed by the IMF Executive Board on April 21, 2008.

Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)- Status of Implementation

Policy Papers ◽  
2007 ◽  
Vol 2007 (31) ◽  
Author(s):  
Keyword(s):  
Poor Country ◽  
Debt Relief ◽  
Poor Countries ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative

This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update

Policy Papers ◽  
2017 ◽  
Vol 17 (52) ◽  
Author(s):  
Keyword(s):  
Debt Relief ◽  
Cost Of Debt ◽  
Present Value ◽  
Total Cost ◽  
Poor Countries ◽  
Percentage Points ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Paris Club

The HIPC Initiative and MDRI are nearly complete, with 36 countries having reached the completion point under the HIPC Initiative. Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries and has enabled them to increase their poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2015. Creditor participation in the HIPC Initiative has been strong amongst the multilateral and Paris Club creditors; however participation from other creditor groups still needs to be strengthened. The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$76.9 billion, while the costs to the four multilateral creditors providing relief under the MDRI is estimated at US$42.4 billion in end-2015 present value terms.

Heavily Indebted Poor Countries Initiative-Delivery of Debt Relief by Non-Paris Club Official Bilateral Creditors

Policy Papers ◽  
2007 ◽  
Vol 2007 (27) ◽  
Author(s):  
Keyword(s):  
Poor Country ◽  
Debt Relief ◽  
Poor Countries ◽  
Comprehensive Information ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Paris Club

The table provides information on HIPC (Heavily Indebted Poor Country) Initiative debt relief provided by each non-Paris Club official bilateral creditor to post-completion point HIPCs. It tracks the HIPC Initiative debt relief granted by these creditors so far. The table will be updated annually in the context of the "HIPC Initiative Status of Implementation Report." It will also be updated when creditors and debtors provide comprehensive information for updating the estimates of HIPC Initiative debt relief provided.

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