{
  "title": "The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplemental Information",
  "publication": "Policy Papers, November 1, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-multilateral-debt-relief-initiative-g-8-proposal-and-its-implications-for-the-fund-pp491",
  "canonical": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-multilateral-debt-relief-initiative-g-8-proposal-and-its-implications-for-the-fund-pp491",
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  "summary": "The Executive Board held an informal seminar on September 21, 2005 to discuss possible implementation modalities for the G-8 debt relief proposal.",
  "sections": [
    {
      "heading": "Seminar and International Monetary and Financial Committee (IMFC) action",
      "content": "- The Executive Board held an informal seminar on September 21, 2005 to discuss possible implementation modalities for the G-8 debt relief proposal.\n- On September 24, 2005, the International Monetary and Financial Committee supported providing 100 percent cancellation of debt owed by HIPCs to the Fund.\n- The IMFC considered that 100 percent cancellation would provide significant additional resources for countries’ efforts to reach the Millennium Development Goals and reinforce long-term debt sustainability."
    },
    {
      "heading": "Key findings and implications",
      "content": "- 100 percent cancellation of debt owed by HIPCs to the Fund was endorsed by the IMFC on September 24, 2005.\n- The proposed cancellation was assessed as providing significant additional resources to support progress toward the Millennium Development Goals.\n- The cancellation was also viewed as reinforcing long-term debt sustainability for HIPCs."
    },
    {
      "heading": "Metadata and access",
      "content": "- Publication date: November 1, 2005\n- Format available: PDF (Download PDF indicated on the page)\n- Subject tags on the page: Debt relief, Group of Eight, Heavily indebted poor countries, HIPC Initiative\n\nThe Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplemental Information, November 1, 2005 — International Monetary Fund.\n\n---\n\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-multilateral-debt-relief-initiative-g-8-proposal-and-its-implications-for-the-fund-pp491"
    }
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    "Published: November 1, 2005",
    "Series: Policy Papers",
    "Stock No: ISBN",
    "The Executive Board held an informal seminar on September 21, 2005 to discuss possible implementation modalities for the G-8 debt relief proposal.",
    "On September 24, 2005, the International Monetary and Financial Committee supported providing 100 percent cancellation of debt owed by HIPCs to the Fund.",
    "The IMFC considered that 100 percent cancellation would provide significant additional resources for countries’ efforts to reach the Millennium Development Goals and reinforce long-term debt sustainability.",
    "100 percent cancellation of debt owed by HIPCs to the Fund was endorsed by the IMFC on September 24, 2005.",
    "The proposed cancellation was assessed as providing significant additional resources to support progress toward the Millennium Development Goals.",
    "The cancellation was also viewed as reinforcing long-term debt sustainability for HIPCs.",
    "Publication date: November 1, 2005",
    "Format available: PDF (Download PDF indicated on the page)",
    "Subject tags on the page: Debt relief, Group of Eight, Heavily indebted poor countries, HIPC Initiative"
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