{
  "title": "Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative - Statistical Update",
  "publication": "Policy Papers, December 15, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/heavily-indebted-poor-countries-initiative-and-multilateral-debt-relief-initiative-pp4931",
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  "summary": "The HIPC Initiative and MDRI are nearly complete with 35 countries having already reached the completion point under the HIPC Initiative. One country, Chad, remains in the interim phase.",
  "sections": [
    {
      "heading": "Status of the Initiatives",
      "content": "- 35 countries have already reached the completion point under the HIPC Initiative.\n- One country, Chad, remains in the interim phase.\n- The HIPC Initiative and MDRI are described as nearly complete."
    },
    {
      "heading": "Impact on recipient countries",
      "content": "- Debt relief under the Initiatives has substantially alleviated debt burdens in recipient countries.\n- Enabled recipient countries to increase their poverty-reducing expenditure by two and a half percentage points between 2001 and 2013."
    },
    {
      "heading": "Creditor participation and costs",
      "content": "- Creditor participation has been strong amongst the multilateral and Paris Club creditors.\n- Participation from the other creditor groups still needs to be strengthened.\n- The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$75.0 billion (end-2013 present value terms).\n- The costs to the four multilateral creditors providing relief under the MDRI is estimated to be US$41.1 billion (end-2013 present value terms)."
    },
    {
      "heading": "Metadata and subjects",
      "content": "- Publication date listed: December 15, 2014.\n- Subjects: Cross country analysis; Debt relief; Government expenditures; HIPC Initiative; Multilateral debt relief initiative; Poverty reduction; Statistical annexes.\n\nSource: Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative - Statistical Update (IMF web landing page).\n\n---\n\n Content in this bundle\n\n- 121214\n  - 121214 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 121214 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/heavily-indebted-poor-countries-initiative-and-multilateral-debt-relief-initiative-pp4931"
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    "Published: December 15, 2014",
    "Series: Policy Papers",
    "35 countries have already reached the completion point under the HIPC Initiative.",
    "One country, Chad, remains in the interim phase.",
    "The HIPC Initiative and MDRI are described as nearly complete.",
    "Debt relief under the Initiatives has substantially alleviated debt burdens in recipient countries.",
    "Enabled recipient countries to increase their poverty-reducing expenditure by two and a half percentage points between 2001 and 2013.",
    "Creditor participation has been strong amongst the multilateral and Paris Club creditors.",
    "Participation from the other creditor groups still needs to be strengthened.",
    "The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$75.0 billion (end-2013 present value terms).",
    "The costs to the four multilateral creditors providing relief under the MDRI is estimated to be US$41.1 billion (end-2013 present value terms).",
    "Publication date listed: December 15, 2014.",
    "Subjects: Cross country analysis; Debt relief; Government expenditures; HIPC Initiative; Multilateral debt relief initiative; Poverty reduction; Statistical annexes.",
    "**_121214**"
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