Review of Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries

Date: March 22, 2006
Electronic Access: Full text

Summary:Immediately following the effectiveness of the decisions on the Multilateral Debt Relief Initiative (MDRI) and the Exogenous Shocks Facility (ESF), debt relief totaling SDR 2.3 billion was delivered to 19 qualifying members, including 17 countries under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative and two non-HIPCs, on January 6, 2006, with financing from the HIPC Umbrella sub-accounts and the newly established MDRI Trusts.

Series : Policy Paper
Subject(s): HIPC Initiative | Heavily indebted poor countries | Debt relief | Concessional aid | Exogenous Shocks Facility