Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update
Policy Papers, March 17, 2016
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- Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update
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Bibliographic details
- Published: March 17, 2016
- Series: Policy Papers
Status and coverage
- The HIPC Initiative and MDRI are nearly complete.
- 36 countries have reached the completion point under the HIPC Initiative.
- Chad, in April 2015, is the latest country to reach the completion point.
Impact on debt burdens and spending
- Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries.
- Enabled increases in poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2014.
Creditor participation
- Creditor participation in the HIPC Initiative has been strong amongst the multilateral and Paris Club creditors.
- Participation from other creditor groups still needs to be strengthened.
Costs to creditors (end-2014 present value terms)
- Total cost of debt relief to creditors under the HIPC Initiative: US$74.8 billion.
- Costs to the four multilateral creditors providing relief under the MDRI: US$41.6 billion.
Metadata and classification
- Publication date: March 17, 2016
- Subjects: Cross country analysis; Debt relief; Government expenditures; HIPC Initiative; Multilateral debt relief initiative; Poverty reduction; Statistical annexes
Source: Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update
Content in this bundle
- _031516 - Executive Summary