Debt Initiative for the Heavily Indebted Poor Countries (HIPCs)
A Factsheet

Heavily Indebted Poor Countries (HIPC) Initiative: Status of Implementation

Prepared by the Staffs of the World Bank and the
International Monetary Fund

September 26, 2001

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Contents

I. Introduction
II. Implementation Update
III. Impact of Debt Relief
IV. Update of Costs
V.

Status of Creditor Participation

  1. Multilateral Creditors
  2. Paris Club Creditors
  3. Non-Paris Club Official Bilateral Creditors
  4. Commercial Creditors
  5. The Way Forward
  6. Completion Point Topping up of Assistance in
       Exceptional Cases

Text Box

1.

Leucadia vs. Nicaragua
   

Figures

1.

Reduction of Debt Stocks for the 23 Decision Point Countries
2. Comparison of Interim Relief and Relief after the Completion Point
3. Debt Service Ratios after HIPC Debt Relief for 23 Decision Point
   Countries
4. Social Spending and External Debt Service Due after HIPC Debt
   Relief for 23 Decision Point Countries
5. Social Spending and External Debt Service Due after HIPC Debt
   Relief for 23 Decision Point Countries (in percent of GDP)
6. Flows of Official External Resources to 23 Decision Point Countries

7.

Net Flows of Official External Resources to 23 Decision
   Point Countries

   

Text Tables
1. Grouping of HIPCs under the Enhanced HIPC Initiative: Status as of
   August 2001
2. Preliminary Estimates of Overall Debt Relief
3. HIPC Initiative: Estimates of Potential Costs by Creditor Group
4. HIPC Initiative: Timeline of Cost Commitments by Main Creditors
   and by Country Groups
 
Annex
1. Country Coverage, Data Sources, and Assumptions
2. Enhanced HIPC Initiatve: Country Implementation Status Notes
 
Appendix Tables
1. Enhanced HIPC Initiative: Committed Debt Relief and Outlook
2. Expected Timing of Completion Points under the Enhanced
   HIPC Initiative
3. Impact of Debt Relief for the 23 Countries that Have Reached an
   Enhanced Decision Point
4. Summary Debt Service for 23 HIPCs that Have Reached an
   Enhanced Decision Point
5. Debt Service for Individual HIPCs that Reached Decision Points,
   by Country
6. Social Expenditure for the 23 HIPCs that Reached Decision Points
7. Social Expenditure for Individual HIPCs that Reached Decision
   Points, by Country
8. Flows of Official External Resources for the 23 HIPCs that Have
   Reached Decision Points
9. Estimated HIPC Relief Costs for Individual HIPCs,
   by Creditor Group
10. Estimated Delivery of World Bank Assistance Under the
   HIPC Initiative
11. Status of Bilateral Donor Pledges to the HIPC Trust Fund (IDA)
12. Status of Commitments of HIPC Assistance by the IMF
13. Possible Delivery of IMF Assistance Under the Enhanced Initiative
14. HIPC Initiative: Estimated Costs for Other Multilateral Creditors
15. Estimated Paris Club Costs of HIPC Relief, by Creditor Country
16. Paris Club Debt Relief Under the Enhanced HIPC Initiative
17. Paris Club Creditors' Delivery of Debt Relief Under Bilateral
   Initiatives Beyond the HIPC Initiative
18. Estimated of Bilateral Pledges for Debt Relief Beyond the
   HIPC Initiative
19. Rescheduling of HIPCs with Non-Paris Club Official
   Bilateral Creditors
20. Estimated Non-Paris Club Official Bilaterals' Costs of HIPC
   Relief, by Creditor Country
21. IDA Debt Buybacks: Summary of Completed Operations