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

Heavily Indebted Poor Countries (HIPCs) - Documents



Spring Meetings 2002: Documents related to the IMFC Meeting

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

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


April 12, 2002

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Contents

I. Introduction
II. Implementation Update
III. Impact of Debt Relief
  1. Impact on Debt Stocks and Debt Service
  2. Resource Flows to HIPCs
IV.

Update of Costs

  1. Projected Costs of HIPC Relief
  2. Global Economic Environment and Potential Costs of Completion Point Topping Up
V.

Status of Creditor Participation

  1. Multilateral Creditors
  2. Paris Club Creditors
  3. Non-Paris Club Official Bilateral Creditors and Commercial Creditors
  4. Delivery of Debt Relief to Completion Point Countries
VI. Policy Issues
  1. Creditor Participation
  2. Track Record Interruptions and Interim Relief
  3. Track Record Interruptions Prior to the Completion Point
  4. Floating Completion Point Conditions
VII. Issues for Discussion
   

Figures

1.

NPV of Debt for the 26 Decision Point Countries
2. Debt Service Ratios after HIPC Relief for 26 Decision Point Countries
3. Social Spending and External Debt Service after HIPC Relief for 26 Decision Point Countries
4. External Financing and HIPC Relief in the 26 Decision Point HIPCs, 1997-2001
5. External Financing and HIPC Relief in Percent of GDP in the 26 Decision Point HIPCs, 1997-2001
   

Text Boxes
1. Additionality of HIPC Relief
2. Entry and Exit of Countries from the HIPC Initiative
3. The HIPC Trust Fund Administered by IDA
 
Text Tables
1. Enhanced HIPC Initiative: Committed Debt Relief and Outlook
2. Progress Status of Countries Under the Enhanced HIPC Initiative
3. Impact of Debt Relief for the 26 Countries that Have Reached Enhanced Decision Points
4. HIPC Initiative: Estimates of Potential Costs by Creditor Group
5. HIPC Initiative: Breakdown of Potential Costs by Main Creditors and by Country Groups
6. Delivery of HIPC Relief by Multilateral Creditors
7. Delivery of HIPC Relief by Non-Paris Club Official Bilateral Creditors
 
Annexes
I. Country Coverage, Data Sources, and Assumptions for the HIPC Costing Exercise
II. Enhanced HIPC Initiative: Country Implementation Status Notes
III. Guidance Note on Increasing the Participation of Non-Paris Club Bilateral and Commercial Creditors in the HIPC Initiative
 
Appendix Tables
1. Floating Completion Points under the Enhanced HIPC Initiative
2. Preliminary Estimates of Overall Debt Relief and Under the HIPC Initiative
3. Summary Debt Service for 26 HIPCs that Reached Decision Points
4. Debt Service for Individual HIPCs that Reached Decision Points, by Country
5. Social Expenditure for the 26 HIPCs that Reached Decision Points
6. Social Expenditure for Individual HIPCs that Reached Decision Points, by Country
7. Estimated HIPC Relief Costs for Individual HIPCs, by Creditor Group
8. Estimated Delivery of World Bank Assistance Under the HIPC Initiative, 2000-09
9. Status of Bilateral Donor Pledges to the HIPC Trust Fund (IDA)
10. Status of Commitments of HIPC Assistance by the IMF
11. Delivery of IMF Assistance Under the Enhanced Initiative
12. HIPC Initiative: Estimates of Costs for Other Multilateral Creditors
13. Estimated Paris Club Costs of HIPC Relief, by Creditor Country
14. Paris Club Debt Relief Under the Enhanced HIPC Initiative
15. Paris Club Creditors' Delivery of Debt Relief Under Bilateral Initiatives Beyond the HIPC Initiative
16. Estimates of Bilateral Pledges for Debt Relief Beyond the HIPC Initiative
17. Estimated Non-Paris Club Official Bilaterals' Costs of HIPC Relief, by Creditor Country
18. Rescheduling of HIPCs with Non-Paris Club Official Bilateral Creditors
19. IDA-Administered Commercial Debt Reduction Facility
20. Remaining Relief to be Provided by Non-Paris Club Official Bilateral Creditors to Completion Point HIPCs

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