Cover Debt Relief for Low-Income Countries
Debt Relief for Low-Income Countries
Th E HPIC initiative (Revised'99)
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Abstract

This paper analyzes the IMF’s Enhanced Initiative for Heavily Indebted Poor Countries, which provides debt relief for low-income countries. The paper highlights that countries affected by the debt crisis of the 1980s received concerted support from the international financial community in the form of Paris Club flow reschedulings, stock-of-debt operations under the Brady plan, and adjustment programs supported by the multilateral financial institutions. These measures proved effective in significantly improving the debt situation of many middle-income countries.

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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/10.5089/9781557758804.054
ISBN:
9781557758804
ISSN:
0538-8759
Pages:
44
Keywords:
PAM; HIPC Initiative; country; NPV; debt; debt situation; HIPC document; adjustment program; NPV reduction; target NPV; Debt relief; Poverty reduction strategy; Poverty reduction; Poverty reduction and development; Debt service; Sub-Saharan Africa
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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