Guinea-Bissau: Enhanced Initiative for Heavily Indebted Poor Countries-Completion Point Document and Multilateral Debt Relief Initiative

IMF Staff Country Reports, December 22, 2010

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Guinea-Bissau: Enhanced Initiative for Heavily Indebted Poor Countries-Completion Point Document and Multilateral Debt Relief Initiative

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Bibliographic details

• Published: December 22, 2010
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781455213535.002

Summary

• According to IMF and IDA authorities, Guinea-Bissau had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative.
• The authorities appreciated the country’s tremendous efforts to reestablish economic, social, and institutional stability.
• In view of this, in addition to debt relief agreed at the decision point under the Enhanced Initiative for HIPC, they also agreed to topping up assistance at the completion point.

Key findings and agreed actions

• Guinea-Bissau met the decision point requirements under the Enhanced HIPC Initiative.
• Debt relief had been agreed at the decision point under the Enhanced Initiative for HIPC.
• Additional topping-up assistance was agreed at the completion point.

Subjects and keywords

• Subjects: Asset and liability management, Debt relief, Debt service, Debt service ratios, Education, External debt, Public financial management (PFM)
• Keywords: CR, current account, debt forgiveness, Debt relief, Debt service, Debt service ratios, GDP deflator, government savings, Guinea-Bissau authorities, ISCR, long-term debt, net present value, organic law, oversight authority, private sector, public expenditure, real GDP, sensitivity analysis, topping-up assistance, West Africa

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