Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations

Policy Papers, March 10, 2005

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Canonical URL: Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations

Document title: Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations
Date: March 10, 2005
Subject: Debt relief, Low income developing countries
Core request: The International Monetary and Finance Committee at its 2004 Annual Meetings called on the international community to provide assistance including “further debt relief” to low-income countries for achieving the Millennium Development Goals (MDGs).
Fund role: The Committee reaffirmed the Fund’s “important role” in supporting low-income countries and called on the Fund to consider “further debt relief and its financing.”
External impetus: Various recent proposals provided more impetus for this request (summarized in Annex I of the source document).
G7 position: At their meeting in London in February, G7 Finance Ministers expressed their willingness to provide as much as 100 percent multilateral debt relief.

Initiative origin: Triggered by the International Monetary and Finance Committee’s 2004 Annual Meetings request.
Policy linkage: Debt relief framed as assistance to achieve the Millennium Development Goals (MDGs).
Supporting proposals: Multiple recent proposals (referenced in Annex I) contributed to momentum for considering additional debt relief.

Role of the Fund: Consideration of both the provision of further debt relief and the financing of such relief by the Fund.
Multilateral relief scope: External actors (G7 Finance Ministers) signaled willingness for up to 100 percent multilateral debt relief.
Target group: Low-income countries with objectives tied to MDG attainment.

Publication type: Web landing page for an IMF Policy Paper
Access note: Download PDF option available on the landing page.
Citation example provided on the page: Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations, (USA: International Monetary Fund, 0) accessed 9/18/2026

Source: Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations (March 10, 2005), International Monetary Fund.