{
  "title": "Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update",
  "publication": "Policy Papers, March 17, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/heavily-indebted-poor-countries-initiative-and-multilateral-debt-relief-initiative-pp5024",
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  "summary": "The HIPC Initiative and MDRI are nearly complete, with 36 countries having already reached the completion point under the HIPC Initiative. Chad, in April 2015, is the latest country to reach the completion point.",
  "sections": [
    {
      "heading": "Status and coverage",
      "content": "- The HIPC Initiative and MDRI are nearly complete.\n- 36 countries have reached the completion point under the HIPC Initiative.\n- Chad, in April 2015, is the latest country to reach the completion point."
    },
    {
      "heading": "Impact on debt burdens and spending",
      "content": "- Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries.\n- Enabled increases in poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2014."
    },
    {
      "heading": "Creditor participation",
      "content": "- Creditor participation in the HIPC Initiative has been strong amongst the multilateral and Paris Club creditors.\n- Participation from other creditor groups still needs to be strengthened."
    },
    {
      "heading": "Costs to creditors (end-2014 present value terms)",
      "content": "- Total cost of debt relief to creditors under the HIPC Initiative: US$74.8 billion.\n- Costs to the four multilateral creditors providing relief under the MDRI: US$41.6 billion."
    },
    {
      "heading": "Metadata and classification",
      "content": "- Publication date: March 17, 2016\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\n\n---\n\n Content in this bundle\n\n- 031516 - Executive Summary\n  - 031516 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 031516 - Executive Summary (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-pp5024"
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    "Published: March 17, 2016",
    "Series: Policy Papers",
    "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.",
    "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 in the HIPC Initiative has been strong amongst the multilateral and Paris Club creditors.",
    "Participation from other creditor groups still needs to be strengthened.",
    "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.",
    "Publication date: March 17, 2016",
    "Subjects: Cross country analysis; Debt relief; Government expenditures; HIPC Initiative; Multilateral debt relief initiative; Poverty reduction; Statistical annexes",
    "**_031516 - Executive Summary**"
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