Democratic Republic of the Congo: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document and Multilateral Debt Relief Initiative Paper

December 14, 2010

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Format: Chicago

Democratic Republic of the Congo: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document and Multilateral Debt Relief Initiative Paper, (USA: International Monetary Fund, 2010) accessed November 8, 2024

Also available in: français

Summary

The Democratic Republic of the Congo (DRC) has successfully implemented key reforms under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative, despite experiencing exceptional challenges since the decision point, including a challenging security situation. Revised present value of HIPC assistance has given satisfactory assurances of their participation in the enhanced HIPC Initiative. The DRC does not qualify for topping-up under the enhanced HIPC Initiative. Full delivery of HIPC debt relief, and additional bilateral assistance beyond HIPC and Multilateral Debt Relief Initiative debt relief at the completion point would reduce the DRC’s external debt burden significantly.

Subject: Asset and liability management, Debt relief, Debt service, Expenditure, External debt, Financial institutions, Stocks

Keywords: Central bank, Congolese authorities, CR, Current account, Debt forgiveness, Debt relief, Debt service, Debtor country, Discount rate, Exchange rate, Global, ISCR, Present value, Public expenditure, Real GDP, Sensitivity analysis, Stocks

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/360
Stock No:

1CODEA2010006
ISBN:

9781455212828
ISSN:

1934-7685

Notes

Also available in French

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