Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative
Policy Papers, November 8, 2011
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- Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative
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Bibliographic details
- Published: November 8, 2011
- Series: Policy Papers
Report purpose and scope
- Publication date: November 8, 2011
- Format available: Download PDF (as indicated)
- Core aim: assess implementation, impact, and costs of the HIPC Initiative and the MDRI and propose changes to reporting and eligibility.
Key findings and analytical focus (report objectives)
- The report aims to accomplish three objectives:
- (a) provide an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI);
- (b) propose a modification of the reporting of progress under the initiatives, including the discontinuation of the annual status of implementation reports, and the preparation of periodic reports on debt vulnerabilities in low income countries (LICs), including HIPCs;
- (c) propose a further ring-fencing of the list of countries eligible or potentially eligible for debt relief under the HIPC Initiative based on end-2010 income and indebtedness criteria.
Policy recommendations and proposals
- Reporting framework:
- Discontinue the annual status of implementation reports.
- Prepare periodic reports on debt vulnerabilities in low income countries (LICs), including HIPCs.
- Eligibility criteria:
- Further ring-fence the list of countries eligible or potentially eligible for HIPC debt relief using end-2010 income and indebtedness criteria.
Thematic coverage and subjects
- Debt burden
- Debt relief
- Heavily indebted poor countries
- HIPC Initiative
- Low-income developing countries
- Multilateral debt relief initiative
- Zimbabwe
Source: Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative — https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/initiative-for-heavily-indebted-poor-countries-hipc-and-multilateral-debt-relief-initiative-pp4618