Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative—Statistical Update
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The HIPC Initiative and MDRI are nearly complete, with 36 countries having already reached the completion point under the HIPC Initiative. Chad, in April 2015, is the latest country to reach the completion point. Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries and has enabled them to increase their poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2014.
Creditor participation in the HIPC Initiative has been strong amongst the multilateral and Paris Club creditors; however participation from other creditor groups still needs to be strengthened. The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$74.8 billion, while the costs to the four multilateral creditors providing relief under the MDRI is estimated at US$41.6 billion in end-2014 present value terms.
Series:
Policy Papers
Subject:
Cross country analysis Debt relief Government expenditures HIPC Initiative Multilateral debt relief initiative Poverty reduction Statistical annexes
English
Publication Date:
March 17, 2016
Format:
Paper
Please address any questions about this title to publications@imf.org