Cover Debt Relief for Low-Income Countries
Debt Relief for Low-Income Countries
The HPIC initiative (Revised 1997)
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Abstract

This paper describes the Heavily Indebted Poor Countries (HIPC) Initiative and suggests that it should enable HIPCs to exit from the debt-rescheduling process. It argues that implementation of the Initiative should eliminate debt as an impediment to economic development and growth and enable HIPC governments to focus on the difficult policies and reforms required to remove the remaining impediments to achieving sustainable development. The paper describes the implementation of the Initiative through the end of September 1998.

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Author:
International Monetary Fund
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Series:
Pamphlet Series
Publisher:
International Monetary Fund
Language:
English
Publication Date:
01 Jan 1999
DOI:
https://doi.org/10.5089/9781557756619.054
ISBN:
9781557756619
ISSN:
0538-8759
Pages:
52
Keywords:
PAM; debt; HIPC Initiative; net present value; NPV; debt-to-exports ratio; debt-service obligation; IDA assistance; IMF claim; pamphlet series; windows of the IMF; Debt relief; Debt burden; Debt reduction; Debt service; Sub-Saharan Africa; NPV reduction; debtor country; debt-service reduction option; debt-service-reduction option; debt service due; debt-service difficulty
Legal-disclaimer:
The views expressed in this pamphlet, including any legal aspects, are those of the author and should not be attributed to Executive Directors of the IMF or their national authorities.
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