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.

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

Policy Papers ◽  
2019 ◽  
Vol 19 (28) ◽  
Author(s):  
◽  
Keyword(s):  
Debt Relief ◽  
Debt Service ◽  
Cost Of Debt ◽  
Participation Rates ◽  
Poor Countries ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
The Cost

This report reviews developments in the implementation of the Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). It also provides updates on debt service and poverty-reducing expenditure by beneficiary countries, as well as on the cost of debt relief, creditor participation rates, and litigation against HIPCs.

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 (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.

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 (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation 2009

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  
Keyword(s):  
Poor Country ◽  
Debt Relief ◽  
Decision Point ◽  
Poor Countries ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Substantial Progress ◽  
Hipc Initiative

This paper updates the status of implementation, impact, and costs of the Enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). Debt relief provided under the Initiatives has substantially alleviated debt burdens in recipient countries. Aided by continued flexibility on the part of IDA and the Fund, substantial progress has been achieved under the Initiatives since the last report, and a number of post-decision-point countries have already benefited from debt relief.

Sudan’s exchange rate reform opens path to debt relief

2021 ◽  
Keyword(s):  
Trade Balance ◽  
International Aid ◽  
Debt Relief ◽  
Short Term ◽  
Content Type ◽  
Poor Countries ◽  
Donor Support ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
The Cost

Significance The move opens the door to expanded international aid and debt relief under the Heavily Indebted Poor Countries (HIPC) initiative, but at the cost of increased economic pressures over the short term. Impacts Prices for imported goods will rise further, fuelling inflation over the short term and likely prompting new protests. Donor support coupled with an improved trade balance should augment foreign exchange reserves. Further reform challenges await, including improving management of state-owned enterprises and tackling corruption.

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

Policy Papers ◽  
2011 ◽  
Vol 11 (59) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Poor Country ◽  
Debt Relief ◽  
Low Income Countries ◽  
Poor Countries ◽  
The Future ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative

This report aims to accomplish three objectives: (a) it provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI); (b) it proposes a modification of the reporting of progress under the initiatives, including the discontinuation of the annual status of implementation reports, and the preparation of periodic reports on debt vulnerabilities in low income countries (LICs), including HIPCs; and (c) it proposes a further ring-fencing of the list of countries eligible or potentially eligible for debt relief under the HIPC Initiative based on end-2010 income and indebtedness criteria.

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