Union of the Comoros: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document and Multilateral Debt Relief Initiative
IMF Staff Country Reports, February 8, 2013
Source details
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- Union of the Comoros: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document and Multilateral Debt Relief Initiative
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Bibliographic details
- Published: February 8, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475576993.002
Background and decision-point status
- In June 2010, the International Development Association (IDA) and the IMF agreed that Comoros had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative.
- As a result of the debt reconciliation exercise for the completion point, the present value of eligible external debt at end-2009 has been revised upward.
Main findings on debt relief and debt burden
- Full delivery of HIPC assistance together with additional bilateral assistance beyond HIPC and Multilateral Debt Relief Initiative (MDRI) debt relief at the completion point would reduce Comoros’ external debt burden significantly.
- The debt reconciliation exercise changed the assessment of eligible external debt levels as of end-2009 (present value revised upward), affecting the scale of required relief to reach sustainable external debt metrics.
Subjects and thematic focus
- Asset and liability management
- Debt relief
- Debt service
- Education
- External debt
- Public debt
Keywords and regional/actor tags
- Africa
- Comorian authorities
- CR
- Debt relief
- Debt service
- East Africa
- exchange rate
- feasibility study
- Global
- HIPC assistance
- HIPC debt relief
- ISCR
- reform program
- sensitivity analysis
- Southern Africa
- Sub-Saharan Africa