Front Matter
Author:
Ms. Jacqueline T Irving
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Language:
English
Keywords:
MISC PUBS; Misc.; country; poverty; Point HIPCs; government
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Abstract

This pamphlet reports on how the enhanced Initiative for Heavily Indebted Poor Countries (HIPCs) is meeting its aim of delivering faster, broader, and deeper debt relief to more HIPCs once these countries have shown a commitment to put the freed-up funds to work for the poor. The pamphlet also includes introductory sections that explain the rationale for the HIPC Initiative and describe how it works. A concluding section discusses the Initiative’s top challenge in the year ahead: to bring the remaining eligible countries to their decision points under the Initiative as fast and realistically as possible.

© 2001 International Monetary Fund

Production: IMF Graphics Section

Cover design: Massoud Etemadi

Typesetting: Alicia Etchebarne-Bourdin

ISBN 9781589060395

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International Monetary Fund, Publication Services

700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

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Internet: http://www.imf.org

Contents

  • Why Is There a HIPC Initiative?

  • How Does the Enhanced HIPC Initiative Work?

  • What Has Been Done So Far?

  • Funding the HIPC Initiative

  • The Challenges Ahead

  • The Special Case of Conflict-Affected Countries

  • Box: Net Present Value of Debt

  • Figures

    • 1. Enhanced HIPC Initiative Flow Chart

    • 2. Reduction of Debt Stocks for 23 Decision Point Countries

    • 3. HIPC Initiative: Comparison of Interim Relief and Relief After Completion Point

  • Tables

    • 1. Grouping of the Heavily Indebted Poor Countries

    • 2. Debt Indicators in Developing Countries and HIPCs, 1999

    • 3. Average Annual Social Expenditure in 23 HIPCs

    • 4. HIPC Initiative: Timeline of Cost Commitments by Main Creditors

  • Collapse
  • Expand
Cover Debt Relief for Poverty Reduction
Debt Relief for Poverty Reduction
The Role of the Enhanced HIPC Initiative
ISBN:
9781589060395
ISSN:
0538-8759
Publication Date:
02 Aug 2001
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589060395.054
Pages:
32