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Factsheet - Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative - 0 views

www.imf.org/...hipc.htm

development hipc imf mdg mdgs

shared by Brian G. Dowling on 17 Oct 08 - Cached

Brian G. Dowling on 17 Oct 08

The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and reform programs. To date, debt reduction packages have been approved for 33 countries, 27 of them in Africa, providing US$49 billion (net present value terms as of the decision point) in debt-service relief over time. Eight additional countries are potentially eligible for HIPC Initiative assistance and may wish to avail themselves of this debt relief.

<div class="cArrow"> </div><div class="cContentInner">The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and reform programs. To date, debt reduction packages have been approved for 33 countries, 27 of them in Africa, providing US$49 billion (net present value terms as of the decision point) in debt-service relief over time. Eight additional countries are potentially eligible for HIPC Initiative assistance and may wish to avail themselves of this debt relief.</div>

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