Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative : Statistical Update / International Monetary Fund.

Format:

Book

Author/Creator:

International Monetary Fund, author, issuing body.

Series:

Policy Papers ; Volume 2014, Issue 089

Language:

English

Subjects (All):

Debt relief.

Developing countries--Economic conditions.

Developing countries.

Physical Description:

1 online resource (47 pages).

Other Title:

Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative

Place of Publication:

Washington, DC : International Monetary Fund, 2014.

Summary:

The HIPC Initiative and MDRI are nearly complete with 35 countries having already reached the completion point under the HIPC Initiative. One country, Chad, remains in the interim phase. Debt relief under the Initiatives has substantially alleviated debt burdens in recipient countries and has enabled them to increase their poverty-reducing expenditure by two and a half percentage points between 2001 and 2013. Creditor participation in the Initiative has been strong amongst the multilateral and Paris Club creditors; however participation from the 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 75.0 billion, while the costs to the four multilateral creditors providing relief under the MDRI is estimated to be US 41.1 billion in end-2013 present value terms.

Contents:

ABBREVIATIONS AND ACRONYMS

INTRODUCTION

PROGRESS IN THE IMPLEMENTATION OF THE HIPC/MDRI INITIATIVE

DEBT SERVICE RELIEF AND POVERTY REDUCING EXPENDITURE

UPDATE OF THE COSTS OF THE INITIATIVES

CREDITOR PARTICIPATION:MULTILATERAL CREDITORS

CREDITOR PARTICIPATION:OFFICIAL BILATERAL AND COMMECIAL CREDITORS

FIGURES

TABLES

ANNEXES.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781498383103

1498383106