Central African Republic: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document and Multilateral Debt Relief Initiative
IMF Staff Country Reports, August 19, 2009
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- Central African Republic: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document and Multilateral Debt Relief Initiative
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Bibliographic details
- Published: August 19, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806762.002
Summary
- Focus: Central African Republic’s (CAR) completion point under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) and debt relief under the Multilateral Debt Relief Initiative (MDRI).
- Staff assessment: In the view of International Development Association (IDA) and IMF staff, CAR has made satisfactory progress in meeting the requirements to reach the completion point.
- Trigger implementation: All the floating triggers have been fully implemented.
- MDRI eligibility: Upon reaching the completion point under the enhanced HIPC Initiative, CAR will also qualify for additional debt relief under the MDRI.
Key findings and status
- CAR has satisfied the conditions identified by IDA and IMF staff to reach the HIPC completion point.
- All floating triggers associated with the completion point have been fully implemented.
- Completion point achievement implies qualification for additional debt relief under the MDRI.
Subjects and keywords (as listed)
- Subjects: Asset and liability management, Debt reduction, Debt relief, Debt service, Debt service ratios, External debt, Public debt
- Keywords: C.A.R. authorities, CR, current account, debt management, Debt reduction, Debt relief, Debt service, Debt service ratios, exchange rate, Global, HIPC assistance, ISCR, NPV terms, real GDP, reform program
Content in this bundle
- _cr09259
- Cr09259f