## Delivery of HIPC Initiative Debt Relief by Non-Paris Club Official Bilateral Creditors (_110707)

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### Overview and Methodology
- Purpose: Tracks HIPC Initiative debt relief provided by each non-Paris Club official bilateral creditor to post-completion point HIPCs; updated annually in the “HIPC Initiative Status of Implementation Report.”
- Methodology summary:
  - Described in “Enhanced Heavily Indebted Poor Countries (HIPC) Initiative – Status of Non-Paris Club Official Bilateral Creditor Participation.”
  - Staffs’ estimates rely mostly on qualitative information from debtors and on whether they have received full or partial HIPC Initiative debt relief; reconciled with creditor information when available.
  - When debtors reported only partial relief without precise extent, staffs calculated a range estimate. The lower bound assumes partial relief = no relief; the upper bound assumes partial relief = full relief.
- Data coverage: Estimates based on information received as of October 2007 and are for creditors who have claims on post-completion-point countries only.

### I. Full delivery of HIPC Relief (6 creditors)
- Metrics presented in table (NPV Terms HIPC Initiative Assistance Delivered (as of October 15, 2007) in millions of U.S. dollars, 2006 NPV terms unless otherwise indicated).
- Creditor country entries (Number of Completion Point Debtors; HIPC Initiative Assistance Costs; Relief Provided; Total; Percent of Total Assistance):
  - Jamaica: 1 10.2 0.2 1 100.0
  - Morocco: 1 12.8 0.1 2.8 100.0
  - Republic of Korea: 2 27.0 0.2 7.0 100.0
  - Rwanda: 1 10.7 0.7 100.0
  - South Africa 2/: 2 26.0 0.2 6.0 100.0
  - Trinidad and Tobago 2/: 1 10.6 0.6 100.0
- Total (I): 17.3 0.5 17.3 100.0

### II. Partial delivery of HIPC Relief (23 creditors)
- Creditor country entries with values and ranges exactly as in source:
  - Algeria: 1 11240.3 6.9 12.5 5.2
  - Argentina: 2 14.9 0.1 3.0 59.9
  - Brazil 2/: 2 18.5 0.2 6.5 76.8
  - Bulgaria: 6 3107.7 3.1 83.3 - 93.2 77.3 - 86.5
  - Burundi 3/: 1 10.2 0......
  - China 4/: 20 17281.1 8.0 95.3 - 140.8 33.9 - 50.1
  - Cuba: 2 12.0 0.1 0.2 8.4
  - Former Czechoslovakia 5/: 5 348.9 1.4 38.9 79.7
  - Former Yugoslavia 5/: 6 186.6 2.5 0.0-36.8 0.0-42.4
  - Guatemala 6/: 2 1470.8 13.4 464.4 98.6
  - Hungary: 4 318.8 0.5 13.7 72.7
  - India 7/: 7 537.7 1.1 12.1 - 33.5 32.0 - 88.9
  - Kuwait 8/: 18 14302.2 8.6 206.1 68.2
  - Libya: 13 3276.8 7.9 26.2 - 46.3 9.5 - 16.7
  - Mexico: 2 166.5 1.9 54.2 81.5
  - People's Democratic Republic of Korea: 7 129.6 0.8 2.1 7.2
  - Poland: 4 220.8 0.6 13.8 66.3
  - Romania: 3 138.0 1.1 33.5 88.1
  - Saudi Arabia: 13 10161.5 4.6 76.3 - 125.9 47.3 - 77.9
  - Tanzania 3/: 1 14.2 0.1......
  - United Arab Emirates: 9 128.2 0.8 0.0 - 2.6 0.0 - 9.3
  - Venezuela: 4 172.0 2.1 26.7 37.1
- Total (II): 2,307.3 65.9 1,168.8 - 1,359.1 50.7 - 58.9

### III. No delivery of HIPC Relief (21 creditors)
- Creditor country entries:
  - Angola: 40 25.2 0.7 0
  - Cape Verde: 1 00.3 0 0
  - Colombia: 1 04.8 0.1 00
  - Costa Rica: 2 04 95.5 14.2 00
  - Cote d'Ivoire: 20 13.2 0.4 00
  - Democratic Republic of the Congo: 1 00.4 0 00
  - Ecuador: 1 00.5 00
  - Egypt: 1 00.5 00
  - Honduras: 1 01 27.4 3.6 00
  - Iran: 20 70.9 2.0 00
  - Iraq: 90 110.8 3.2 00
  - Niger: 1 00.4 00
  - Nigeria: 10 2.1 0.1 00
  - Oman: 1 01.6 00
  - Pakistan: 10 1.3 00
  - Peru: 10 9.9 0.3 00
  - Portugal 2/: 10 7.5 0.2 00
  - Taiwan Province of China: 70 303.5 8.7 00
  - Uruguay: 1 00.7 00
  - Zambia: 1 00.2 00
  - Zimbabwe: 1 00.1 00
- Total (III): 1,176.5 33.6 00

### Aggregate totals and key statistics
- Grand Total (I+II+III): 3,501.0 100.0 1,186.1-1,376.4 33.9-39.3
- Table measurement units: in millions of U.S. dollars, 2006 NPV terms unless otherwise indicated.
- Data sources: HIPC documents; country authorities; and Fund and Bank staff estimates.

### Selected explanatory notes from source (preserve original content)
- 1/ Estimates are based on information received as of October 2007 and are for creditors who have claims on post-completion-point countries only.
- 2/ While not a member of the Paris Club, Brazil has agreed to participate in the Paris Club rescheduling meeting for most HIPCs and provided substantive debt relief in the context of the Paris Club. South Africa has been classified as a non-Paris Club for Mozambique and Malawi. However, South Africa did not participate in the Paris Club exit meetings for Benin and Malawi. Similarly, Trinidad and Tobago has been classified as a non-Paris Club for Nicaragua. However, it has provided debt relief to Nicaragua outside of the Paris Club. Brazil has been classified as non-Paris Club only for Bolivia and Guyana, although it actually participated in Paris Club meeting for Bolivia. Brazil did not participate in the Paris Club meeting for Nicaragua. Taking into consideration all relief provided outside the Paris Club would increase the HIPC debt relief provided by Brazil to US$50.1 million and its share of HIPC debt relief provided as a non-Paris Club creditor to 96.2 percent. Portugal has also provided debt relief under the Paris Club.
- 3/ In these cases, there is only one debtor. Debtors have indicated that some relief has been provided but the information received is insufficient to quantify it.
- 4/ The debt relief estimates for China are based on debt cancellations data provided by debtors.
- 5/ Partition of HIPC loans outstanding at decision point and the associated debt relief between the Czech Republic and the Slovak Republic, as well as among members of the Former Yugoslavia is being determined with the help of the authorities. The table will be updated once the information is available.
- 6/ Guatemala's claims on Nicaragua were taken over by Spain in a debt swap. Spain has agreed to provide HIPC debt relief to Nicaragua on those claims.
- 7/ In June 2003, India announced its intention to write off all non-export credit claims on HIPCs. However, several agreements remain unsigned.
- 8/ Debt relief estimates for Kuwait are based on detailed loan by loan information provided by the Kuwait Fund for Arab Economic Development (KFAED).

*Source: Delivery of HIPC Initiative Debt Relief by Non-Paris Club Official Bilateral Creditors (PDF _110707).*

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_Source: https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/np/pp/2007/eng/_110707.pdf_