{
  "title": "Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update",
  "publication": "Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update, September 15, 2017.",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2017/09/15/pp090117hipc-mdri-statistical-update",
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  "summary": "The HIPC Initiative and MDRI are nearly complete, with 36 countries having reached the completion point under the HIPC Initiative.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication date: September 15, 2017.\n- Status: The HIPC Initiative and MDRI are described as nearly complete.\n- Completion: 36 countries have reached the completion point under the HIPC Initiative."
    },
    {
      "heading": "Impact on recipient countries",
      "content": "- Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries.\n- Enabled recipient countries to increase their poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2015."
    },
    {
      "heading": "Creditor participation and costs",
      "content": "- Creditor participation has been strong amongst the multilateral and Paris Club creditors.\n- Participation from other creditor groups still needs to be strengthened.\n- Total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$76.9 billion.\n- Costs to the four multilateral creditors providing relief under the MDRI is estimated at US$42.4 billion in end-2015 present value terms.\n\nHeavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update, September 15, 2017.\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2017/09/15/pp090117hipc-mdri-statistical-update"
    }
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    "Published: September 15, 2017",
    "Publication date: September 15, 2017.",
    "Status: The HIPC Initiative and MDRI are described as nearly complete.",
    "Completion: 36 countries have reached the completion point under the HIPC Initiative.",
    "Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries.",
    "Enabled recipient countries to increase their poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2015.",
    "Creditor participation 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 is currently estimated to be US$76.9 billion.",
    "Costs to the four multilateral creditors providing relief under the MDRI is estimated at US$42.4 billion in end-2015 present value terms.",
    "**Policy Paper**"
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