Republic of Madagascar: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document
December 14, 2004
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This paper 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. The paper assesses Madagascar’s performance in meeting the requirements for reaching the completion point, as set out in the decision point document. The paper also reviews the status of creditor participation and the delivery of debt relief to Madagascar under the enhanced HIPC Initiative. It also presents results of the updated Debt Sustainability Analysis.
Subject: Asset and liability management, Debt relief, Debt service, Debt service ratios, Education, External debt, Health
Keywords: completion point, CR, Debt relief, Debt service, Debt service ratios, debt-to-exports ratio, government interest, government project grant, gross revenue, HIPC assistance, HIPC document, HIPC expenditure, HIPC resource, HIPC savings, ISCR, NPV terms, reform program, sensitivity analysis
Pages:
50
Volume:
2004
DOI:
Issue:
406
Series:
Country Report No. 2004/406
Stock No:
1MDGEA0062004
ISBN:
9781451935028
ISSN:
1934-7685
