## Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update

_Policy Papers, March 17, 2016_

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**Canonical URL:** [Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update](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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## Bibliographic details
- Published: March 17, 2016
- Series: Policy Papers

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### 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*

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## Content in this bundle

- **_031516 - Executive Summary**
  - [_031516 - Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2016/_031516.pdf.md){rel="alternate" type="text/markdown"}
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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/heavily-indebted-poor-countries-initiative-and-multilateral-debt-relief-initiative-pp5024_