Republic of Madagascar: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document
IMF Staff Country Reports, December 14, 2004
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- Republic of Madagascar: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document
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Bibliographic details
- Published: December 14, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451935028.002
Main findings
- Reviews Madagascar’s progress under the Heavily Indebted Poor Countries (HIPC) Initiative.
- Total assistance to be provided to Madagascar under the HIPC Initiative amounts to US$836 million in net present value terms—US$22 million higher than the decision point estimate.
- Assesses Madagascar’s performance in meeting the requirements for reaching the completion point, as set out in the decision point document.
- Reviews the status of creditor participation and the delivery of debt relief to Madagascar under the enhanced HIPC Initiative.
- Presents results of the updated Debt Sustainability Analysis.
Thematic coverage
- Asset and liability management
- Debt relief and debt service, including debt service ratios and debt-to-exports ratio
- External debt and HIPC-related resource flows (HIPC assistance, HIPC expenditure, HIPC savings)
- Government finances (government interest, gross revenue, government project grant)
- Social sectors: Education and Health
- Analytical methods: Debt Sustainability Analysis, sensitivity analysis, ISCR
Purpose of the document
- To determine whether Madagascar has met the completion point requirements specified at the HIPC decision point.
- To document creditor participation and the mechanics and delivery of debt relief under the enhanced HIPC Initiative.
- To update and present the results of the Debt Sustainability Analysis for Madagascar.
International Monetary Fund. "Republic of Madagascar: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document", IMF Staff Country Reports 2004, 406 (2004), December 14, 2004.
Content in this bundle
- Status of Triggers for the Floating Completion Point under the Enhanced HIPC Initiative