Abstract
Heavily Indebted Poor Countries (HIPC) Initiative - Statistical Update
I. Guide to the Tables
1. This update provides recent data on the status of implementation of the Heavily Indebted Poor Countries (HIPC) Initiative. In September 2002, the Bank and Fund Boards agreed that staffs would prepare six-monthly statistical updates on implementation in addition to annual reviews. Below are some highlights drawn from the accompanying tables.
A. Progress in Implementation (Tables 1, 2)
HIPC Initiative: Progress in Implementation Status as of January 2003
Refers to the Enhanced HIPC Initiative.
Based on staffs’ judgment of progress towards the decision/completion point.
Countries that are considered retroactive - not subject to the requirement to have a PRSP under implementation for at least one year under the enhanced framework.
Completion point for Mali was approved by the World Bank and IMF’s Executive Boards on March 6, 2003.
Countries reported in the Fall 2002 Progress Report as having encountered difficulties in the implementation of their macroeconomic programs.
Countries in non accrual status with World Bank disbursements suspended.
These countries are expected to achieve debt sustainability after receiving debt relief provided under traditional mechanisms.
HIPC Initiative: Progress in Implementation Status as of January 2003
| Country | Progress in development and implementation of PRSP | Performance under PRGF supported programs | Actual/ Expected DP Date 1/ | Actual/ Expected CP Date 1/2/ |
|---|---|---|---|---|
| Countries that have already reached the Completion Point | ||||
| Bolivia 3/ | Preparations of 1st Progress Report of PRSI underway | Several targets under a program informally monitored by the staffin 2002 were missed. A SBA negotiated in February 2003 may be approved in March, and might be replaced by a PRGF later in the year. | Mar-00 | Jun-01 |
| Burkina Faso 3/ | 2nd progress report on PRSP was reviewed in November 2002 | PRGF is on track. The 6th review under PRGF recently completed. | Jul-00 | Apr-02 |
| Mali 3/4/ | Full PRSP endorsed by the IMF Board in February 2003 and by the Bank Board in early March 2003. | PRGF on track. | Sep-00 | Mar-03 |
| Mauritania | 1st Progress Report of PRSP endorsed by Boards in June 2002. A PRSP review is planned for July 2003. | PRGF arrangement expired in December 2002. Fund will assessneed for new PRGF program. | Mar-00 | Jun-02 |
| Mozambique 3/ | Developments in social spending are favorable, reaching 9 percent of GDP in 2002. | PRGF on track. | Apr-00 | Sep-01 |
| Tanzania | PRSP enjoys broad support and ownership. | Current PRGF extended to June 2003 to allow time for completion of final review. | Apr-00 | Dec-01 |
| Uganda 3/ | Two progress reports on the PRSP have been submitted. Incidence of poverty fell from 56 percent in 1992 to 35 percent in 2000. PRSP scheduled for revision in 2003/04. | A new PRGF was approved in September 2002. PRGF on track. | Mar-00 | May-00 |
| Countries between Decision and Completion Point | ||||
| Benin 3/ | PRSP finalized in December 2002. | PRGF on track. | Jul-00 | Q1 2003 |
| Cameroon | Progress towards the finalization of the full PRSP has been slow but is expected to be finalized by April 2003. | The 3rd was completed in September 2002 and the 4th PRGF review discussion are expected to be concluded soon. | Oct-00 | Q1 2004 |
| Chad | PRSP expected to be finalized by endMarch 2003. | Performance under PRGF has been satisfactory since 2000. | May-01 | Q1 2004 |
| Ethiopia | Full PRSP completed in August 2002. The 1st annual progress report expected by third quarter 2003. | Third review under PRGF completed in September 2002. PRGF is on track. | Nov-01 | Q3 2003 |
| Gambia, The | PRSP finalized in April 2002 and presented to the Boards in July 2002. | New PRGF approved in July 2002. | Dec-00 | Q3 2003 |
| Ghana | PRSP finalized in February 2003. | The PRGF expired in November 2002 without a final review. A new PRGF is expected by April 2003. | Feb-02 | Q2 2004 |
| Guinea 5/ | PRSP completed in January 2002 and endorsed by the Boards in July 2002. | PRGF off track as of end-2002 because of unsatisfactory implementation of budgetary measures. An SMP is currently being negotiated. | Dec-00 | Q1 2004 |
| Guinea-Bissau 5/ | Progress toward the full PRSP has been slow but is expected by mid 2003. | PRGF off track in 2001 and the SMP that followed also incurred difficulties because of recurring fiscal policy slippages. | Dec-00 | Q4 2004 |
| Guyana 5/ | The macroeconomic framework for the full PRSP was updated in April 2002. | A new PRGF was approved in September 2002, however the first review was not completed due to fiscal and structural reform slippages - tax, procurement and sugar sector reform. | Nov-00 | Q4 2003 |
| Countries between Decision and Completion Point | ||||
| Honduras 5/ | PRSP completed in August 2001. The 1st annual progress report expected by mid- 2003. | PRGF off track since December 2001 mainly due to fiscal policy slippages. A new PRGF in the latter half of 2003 is possible after the adoption of corrective measures. | Jul-00 | Q3 2004 |
| Madagascar | The new Government envisions a final version of the PRSP in the first half of 2003 | Political/economic turmoil in the 1st half of 2002 delayed the completion of the PRGF review and finalization of PRSP. | Dec-00 | Q2 2004 |
| Malawi 5/ | PRSP finalized in April 2002. | PRGF reviews have been delayed since 2001 because of fiscal policy slippages. First review expected end-July 2003. | Dec-00 | Q4 2003 |
| Nicaragua 5/ | PRSP presented to the Boards in September 2001 and annual PRSP Progress Report finalized in November 2002. | Earlier PRGF went off -track because of policy slippages in early 2001, particularly in the fiscal and monetary areas. A new PRGF was approved in December 2002. | Dec-00 | Q4 2003 |
| Niger 5/ | PRSP submitted in January 2002. A PRSP Progress Report is expected in early 2003. | Performance under PRGF is satisfactory despite budgetary slippage at end-2001. | Dec-00 | Q3 2003 |
| Rwanda | PRSP finalized in June 2002. | New PRGF approved in July, 2002. | Dec-00 | Q3 2003 |
| São Tomé and Príncipe 5/ | A full PRSP is expected to be submitted to the Bank and Fund in April 2003. | PRGF went off track in 2001 because of fiscal and structural reform slippages. Implementation of the SMP in 2002 was broadly satisfactory and a new PRGF is expected to be in place in June 2003. | Dec-00 | Q2 2004 |
| Senegal 3/5/ | Full PRSP discussed by the Boards in December 2002. | PRGF arrangement expired after second review in 2002. A successor PRGF is expected by mid 2003. | Jun-00 | Q4 2003 |
| Sierra Leone | Participatory consultations for the full PRSP has been delayed until demobilization of rebels, resettlement of the populace and parliamentary/presidential elections. | PRGF approved in 2001 is on track. | Mar-02 | Q4 2004 |
| Zambia | PRSP submitted in April 2002 and endorsed by the Boards of IMF and WB. | Performance under PRGF on track. Current PRGF will expire in March 2003; a new PRGF is expected to be considered by the Board in May 2003. | Dec-00 | Q4 2003 |
| Countries still to be considered | ||||
| Burundi | PRSP process launched in July 2000. Progress in finalizing the final I-PRSP is expected by March 2003. | Post-conflict assistance approved by Fund i October 2002. IDA provides support under Economic Rehabilitation Credit. | ||
| Central African Republic 6/ | I-PRSP presented in Jan 2001. Full PRSP could be presented during the first half of 2004. The delay is due to the need to address the weaknesses observed in the preparation of the I-PRSP. | SMP was successfully completed in June 2002. The attempted coup in October 2002 delayed negotiations for a new PRGF. Modalities for Bank and Fund engagement are being considered. | ||
| Comoros | An I_PRSP is expected to be finalized in the second half of 2003. | SMP in place during July 2001-June 2002, when disputes between the Union and island governments opened new era of turbulence. Should conditions improve, a new SMP could be put into place in 2003 with a new PRGF in early 2004. | ||
| Countries still to be considered | ||||
| Congo, Dem. Rep. of | I-PRSP presented in June 2002. Full PRSP expected in early 2005. | PRGF program on track. | Q2 2003 | |
| Congo, Rep. of | SMP was extended to end-2002 to establish track record. Progress on structural measures unsatisfactory. | |||
| Cote d’Ivoire | A first draft of the full PRSP was prepared in September 2002. The preparation of the full PRSP and implementation of anti-poverty measures are at peril until civil peace can be restored. | A three-year PRGF was approved in March 2002 following successful implementation of an SMP. Due to civil strife which started in December 2002, the HIPC decision point could not be reached in 2002. | ||
| Lao PDR | I-PRSP discussed by Boards in April 2001. Final PRSP is expected by end-September 2003. | Fund Board approved new PRGF in April 2001. Second review under PRGF completed in July 2002. | ||
| Liberia 6/ | Engagement remains on hold pending the lifting of sanctions imposed by the UN in May 2001. | |||
| Myanmar 6/ | No Fund-supported program since 1982 or Bank lending since 1987. | |||
| Somalia 6/ | World Bank, UN and many NGOs are coordinating common approach for allocation of international aid to Somalia. | |||
| Sudan 6/ | Government is currently preparing an I- PRSP. | Bank is currently developing a reengagement strategy. SMP in place during 2002. | ||
| Togo 6/ | Draft I-PRSP issued in November 2002. The Boards would not discuss it due to the absence of a stable macroeconomic framework. | No PRGF is scheduled in the near term. | ||
| Potentially sustainable cases 7/ | ||||
| Angola | ||||
| Kenya | I-PRSP presented August 2000. | |||
| Vietnam | PRSP presented July 2002. | Board report on eligibility to assistance under the HIPC Initiative expected shortly. | ||
| Yemen, Rep. of | PRSP presented in June 2002 and discussed by the Boards in August 2002.. | The debt sustainability analysis done for Yemen in June 2000, indicated that the country would have a sustainable debt burden after application of traditional debt relief mechanisms. The Paris Club provided a stock of debt operation on Naples terms in July 2001. DSA indicated a sustainable debt burden with application of traditional relief for 2000. | ||
Refers to the Enhanced HIPC Initiative.
Based on staffs’ judgment of progress towards the decision/completion point.
Countries that are considered retroactive - not subject to the requirement to have a PRSP under implementation for at least one year under the enhanced framework.
Completion point for Mali was approved by the World Bank and IMF’s Executive Boards on March 6, 2003.
Countries reported in the Fall 2002 Progress Report as having encountered difficulties in the implementation of their macroeconomic programs.
Countries in non accrual status with World Bank disbursements suspended.
These countries are expected to achieve debt sustainability after receiving debt relief provided under traditional mechanisms.
HIPC Initiative: Progress in Implementation Status as of January 2003
| Country | Progress in development and implementation of PRSP | Performance under PRGF supported programs | Actual/ Expected DP Date 1/ | Actual/ Expected CP Date 1/2/ |
|---|---|---|---|---|
| Countries that have already reached the Completion Point | ||||
| Bolivia 3/ | Preparations of 1st Progress Report of PRSI underway | Several targets under a program informally monitored by the staffin 2002 were missed. A SBA negotiated in February 2003 may be approved in March, and might be replaced by a PRGF later in the year. | Mar-00 | Jun-01 |
| Burkina Faso 3/ | 2nd progress report on PRSP was reviewed in November 2002 | PRGF is on track. The 6th review under PRGF recently completed. | Jul-00 | Apr-02 |
| Mali 3/4/ | Full PRSP endorsed by the IMF Board in February 2003 and by the Bank Board in early March 2003. | PRGF on track. | Sep-00 | Mar-03 |
| Mauritania | 1st Progress Report of PRSP endorsed by Boards in June 2002. A PRSP review is planned for July 2003. | PRGF arrangement expired in December 2002. Fund will assessneed for new PRGF program. | Mar-00 | Jun-02 |
| Mozambique 3/ | Developments in social spending are favorable, reaching 9 percent of GDP in 2002. | PRGF on track. | Apr-00 | Sep-01 |
| Tanzania | PRSP enjoys broad support and ownership. | Current PRGF extended to June 2003 to allow time for completion of final review. | Apr-00 | Dec-01 |
| Uganda 3/ | Two progress reports on the PRSP have been submitted. Incidence of poverty fell from 56 percent in 1992 to 35 percent in 2000. PRSP scheduled for revision in 2003/04. | A new PRGF was approved in September 2002. PRGF on track. | Mar-00 | May-00 |
| Countries between Decision and Completion Point | ||||
| Benin 3/ | PRSP finalized in December 2002. | PRGF on track. | Jul-00 | Q1 2003 |
| Cameroon | Progress towards the finalization of the full PRSP has been slow but is expected to be finalized by April 2003. | The 3rd was completed in September 2002 and the 4th PRGF review discussion are expected to be concluded soon. | Oct-00 | Q1 2004 |
| Chad | PRSP expected to be finalized by endMarch 2003. | Performance under PRGF has been satisfactory since 2000. | May-01 | Q1 2004 |
| Ethiopia | Full PRSP completed in August 2002. The 1st annual progress report expected by third quarter 2003. | Third review under PRGF completed in September 2002. PRGF is on track. | Nov-01 | Q3 2003 |
| Gambia, The | PRSP finalized in April 2002 and presented to the Boards in July 2002. | New PRGF approved in July 2002. | Dec-00 | Q3 2003 |
| Ghana | PRSP finalized in February 2003. | The PRGF expired in November 2002 without a final review. A new PRGF is expected by April 2003. | Feb-02 | Q2 2004 |
| Guinea 5/ | PRSP completed in January 2002 and endorsed by the Boards in July 2002. | PRGF off track as of end-2002 because of unsatisfactory implementation of budgetary measures. An SMP is currently being negotiated. | Dec-00 | Q1 2004 |
| Guinea-Bissau 5/ | Progress toward the full PRSP has been slow but is expected by mid 2003. | PRGF off track in 2001 and the SMP that followed also incurred difficulties because of recurring fiscal policy slippages. | Dec-00 | Q4 2004 |
| Guyana 5/ | The macroeconomic framework for the full PRSP was updated in April 2002. | A new PRGF was approved in September 2002, however the first review was not completed due to fiscal and structural reform slippages - tax, procurement and sugar sector reform. | Nov-00 | Q4 2003 |
| Countries between Decision and Completion Point | ||||
| Honduras 5/ | PRSP completed in August 2001. The 1st annual progress report expected by mid- 2003. | PRGF off track since December 2001 mainly due to fiscal policy slippages. A new PRGF in the latter half of 2003 is possible after the adoption of corrective measures. | Jul-00 | Q3 2004 |
| Madagascar | The new Government envisions a final version of the PRSP in the first half of 2003 | Political/economic turmoil in the 1st half of 2002 delayed the completion of the PRGF review and finalization of PRSP. | Dec-00 | Q2 2004 |
| Malawi 5/ | PRSP finalized in April 2002. | PRGF reviews have been delayed since 2001 because of fiscal policy slippages. First review expected end-July 2003. | Dec-00 | Q4 2003 |
| Nicaragua 5/ | PRSP presented to the Boards in September 2001 and annual PRSP Progress Report finalized in November 2002. | Earlier PRGF went off -track because of policy slippages in early 2001, particularly in the fiscal and monetary areas. A new PRGF was approved in December 2002. | Dec-00 | Q4 2003 |
| Niger 5/ | PRSP submitted in January 2002. A PRSP Progress Report is expected in early 2003. | Performance under PRGF is satisfactory despite budgetary slippage at end-2001. | Dec-00 | Q3 2003 |
| Rwanda | PRSP finalized in June 2002. | New PRGF approved in July, 2002. | Dec-00 | Q3 2003 |
| São Tomé and Príncipe 5/ | A full PRSP is expected to be submitted to the Bank and Fund in April 2003. | PRGF went off track in 2001 because of fiscal and structural reform slippages. Implementation of the SMP in 2002 was broadly satisfactory and a new PRGF is expected to be in place in June 2003. | Dec-00 | Q2 2004 |
| Senegal 3/5/ | Full PRSP discussed by the Boards in December 2002. | PRGF arrangement expired after second review in 2002. A successor PRGF is expected by mid 2003. | Jun-00 | Q4 2003 |
| Sierra Leone | Participatory consultations for the full PRSP has been delayed until demobilization of rebels, resettlement of the populace and parliamentary/presidential elections. | PRGF approved in 2001 is on track. | Mar-02 | Q4 2004 |
| Zambia | PRSP submitted in April 2002 and endorsed by the Boards of IMF and WB. | Performance under PRGF on track. Current PRGF will expire in March 2003; a new PRGF is expected to be considered by the Board in May 2003. | Dec-00 | Q4 2003 |
| Countries still to be considered | ||||
| Burundi | PRSP process launched in July 2000. Progress in finalizing the final I-PRSP is expected by March 2003. | Post-conflict assistance approved by Fund i October 2002. IDA provides support under Economic Rehabilitation Credit. | ||
| Central African Republic 6/ | I-PRSP presented in Jan 2001. Full PRSP could be presented during the first half of 2004. The delay is due to the need to address the weaknesses observed in the preparation of the I-PRSP. | SMP was successfully completed in June 2002. The attempted coup in October 2002 delayed negotiations for a new PRGF. Modalities for Bank and Fund engagement are being considered. | ||
| Comoros | An I_PRSP is expected to be finalized in the second half of 2003. | SMP in place during July 2001-June 2002, when disputes between the Union and island governments opened new era of turbulence. Should conditions improve, a new SMP could be put into place in 2003 with a new PRGF in early 2004. | ||
| Countries still to be considered | ||||
| Congo, Dem. Rep. of | I-PRSP presented in June 2002. Full PRSP expected in early 2005. | PRGF program on track. | Q2 2003 | |
| Congo, Rep. of | SMP was extended to end-2002 to establish track record. Progress on structural measures unsatisfactory. | |||
| Cote d’Ivoire | A first draft of the full PRSP was prepared in September 2002. The preparation of the full PRSP and implementation of anti-poverty measures are at peril until civil peace can be restored. | A three-year PRGF was approved in March 2002 following successful implementation of an SMP. Due to civil strife which started in December 2002, the HIPC decision point could not be reached in 2002. | ||
| Lao PDR | I-PRSP discussed by Boards in April 2001. Final PRSP is expected by end-September 2003. | Fund Board approved new PRGF in April 2001. Second review under PRGF completed in July 2002. | ||
| Liberia 6/ | Engagement remains on hold pending the lifting of sanctions imposed by the UN in May 2001. | |||
| Myanmar 6/ | No Fund-supported program since 1982 or Bank lending since 1987. | |||
| Somalia 6/ | World Bank, UN and many NGOs are coordinating common approach for allocation of international aid to Somalia. | |||
| Sudan 6/ | Government is currently preparing an I- PRSP. | Bank is currently developing a reengagement strategy. SMP in place during 2002. | ||
| Togo 6/ | Draft I-PRSP issued in November 2002. The Boards would not discuss it due to the absence of a stable macroeconomic framework. | No PRGF is scheduled in the near term. | ||
| Potentially sustainable cases 7/ | ||||
| Angola | ||||
| Kenya | I-PRSP presented August 2000. | |||
| Vietnam | PRSP presented July 2002. | Board report on eligibility to assistance under the HIPC Initiative expected shortly. | ||
| Yemen, Rep. of | PRSP presented in June 2002 and discussed by the Boards in August 2002.. | The debt sustainability analysis done for Yemen in June 2000, indicated that the country would have a sustainable debt burden after application of traditional debt relief mechanisms. The Paris Club provided a stock of debt operation on Naples terms in July 2001. DSA indicated a sustainable debt burden with application of traditional relief for 2000. | ||
Refers to the Enhanced HIPC Initiative.
Based on staffs’ judgment of progress towards the decision/completion point.
Countries that are considered retroactive - not subject to the requirement to have a PRSP under implementation for at least one year under the enhanced framework.
Completion point for Mali was approved by the World Bank and IMF’s Executive Boards on March 6, 2003.
Countries reported in the Fall 2002 Progress Report as having encountered difficulties in the implementation of their macroeconomic programs.
Countries in non accrual status with World Bank disbursements suspended.
These countries are expected to achieve debt sustainability after receiving debt relief provided under traditional mechanisms.
HIPC Initiative: Committed Debt Relief and Outlook 1/ Status as of March 7, 2003
(In millions of U.S. dollars)
Commited Debt Relief under the assumption of full participation of the creditors.
As of the completion point year for the Original HIPC Initiative and as of the decision point year for the Enhanced HIPC Initiative.
The assistance under the enhanced HIPC Initiative includes the topping up with the NPV calculated in terms of the completion point year.
The figures for the Enhanced HIPC Initiative correspond to the Completion Point Document approved by the World Bank and IMF’s Executive Boards on March 6, 2003.
It is suggested that debt relief under the original framework be overtaken by HIPC relief under the enhanced framework.
Preliminary document issued.
Countries that have reached their decision points under the enhanced HIPC framework through end-February 2003 and Côte d’Ivoire, which had reached the decision point under the original framework earlier.
HIPC Initiative: Committed Debt Relief and Outlook 1/ Status as of March 7, 2003
(In millions of U.S. dollars)
| Reduction in NPV Terms 2/ | Nominal Debt Service Relief | ||||||
|---|---|---|---|---|---|---|---|
| Original HIPC Initiative | Enhanced HIPC Initiative | Total | Original HIPC Initiative | Enhanced HIPC Initiative | Total | Date of Approval | |
| Countries that have reached their Completion Points (7) | |||||||
| TOTAL | 2,862 | 5,205 | 8,068 | 5,730 | 8,505 | 14,235 | |
| Bolivia | 448 | 854 | 1,302 | 760 | 1,300 | 2,060 | Jun-01 |
| Burkina Faso 3/ | 229 | 324 | 553 | 400 | 530 | 930 | Apr-02 |
| Mali 4/ | 121 | 417 | 539 | 220 | 675 | 895 | Mar-03 |
| Mauritania | 0 | 622 | 622 | 0 | 1,100 | 1,100 | Jun-02 |
| Mozambique | 1,717 | 306 | 2,023 | 3,700 | 600 | 4,300 | Sep-01 |
| Tanzania | 0 | 2,026 | 2,026 | 0 | 3,000 | 3,000 | Nov-01 |
| Uganda | 347 | 656 | 1,003 | 650 | 1,300 | 1,950 | May-00 |
| Countries that have reached their Decision Points (19) | |||||||
| TOTAL | 256 | 16,450 | 16,706 | 440 | 26,070 | 26,510 | |
| Benin | 0 | 265 | 265 | 0 | 460 | 460 | Jul-00 |
| Cameroon | 0 | 1,260 | 1,260 | 0 | 2,000 | 2,000 | Oct-00 |
| Chad | 0 | 170 | 170 | 0 | 260 | 260 | May-01 |
| Ethiopia | 0 | 1,275 | 1,275 | 0 | 1,930 | 1,930 | Nov-01 |
| The Gambia | 0 | 67 | 67 | 0 | 90 | 90 | Dec-00 |
| Ghana | 0 | 2,186 | 2,186 | 0 | 3,700 | 3,700 | Feb-02 |
| Guinea | 0 | 545 | 545 | 0 | 800 | 800 | Dec-00 |
| Guinea-Bissau | 0 | 416 | 416 | 0 | 790 | 790 | Dec-00 |
| Guyana | 256 | 329 | 585 | 440 | 590 | 1,030 | Nov-00 |
| Honduras | 0 | 556 | 556 | 0 | 900 | 900 | Jul-00 |
| Madagascar | 0 | 814 | 814 | 0 | 1,500 | 1,500 | Dec-00 |
| Malawi | 0 | 643 | 643 | 0 | 1,000 | 1,000 | Dec-00 |
| Nicaragua | 0 | 3,267 | 3,267 | 0 | 4,500 | 4,500 | Dec-00 |
| Niger | 0 | 521 | 521 | 0 | 900 | 900 | Dec-00 |
| Rwanda | 0 | 452 | 452 | 0 | 800 | 800 | Dec-00 |
| São Tomé and Príncipe | 0 | 97 | 97 | 0 | 200 | 200 | Dec-00 |
| Senegal | 0 | 488 | 488 | 0 | 850 | 850 | Jun-00 |
| Sierra Leone | 0 | 600 | 600 | 0 | 950 | 950 | Mar-02 |
| Zambia | 0 | 2,499 | 2,499 | 0 | 3,850 | 3,850 | Dec-00 |
| Countries still to be considered (12) | |||||||
| Côte d’Ivoire 5/ | 345 | 2,224 | 2,569 | 800 | 3,100 | 3,900 | Mar-02 6/ |
| Burundi | |||||||
| Central African Republic | |||||||
| Comoros | |||||||
| Congo, Dem. Rep. of | 0 | 5,773 | 5,773 | 0 | 9,800 | 9,800 | Jun-02 6/ |
| Congo, Rep. of | |||||||
| Lao PDR | |||||||
| Liberia | |||||||
| Myanmar | |||||||
| Somalia | |||||||
| Sudan | |||||||
| Togo | |||||||
| Memorandum item: | |||||||
| Debt relief committed | 3,463 | 21,655 | 25,117 | 6,970 | 34,575 | 41,545 | |
| under original and enhanced frameworks 7/ | |||||||
Commited Debt Relief under the assumption of full participation of the creditors.
As of the completion point year for the Original HIPC Initiative and as of the decision point year for the Enhanced HIPC Initiative.
The assistance under the enhanced HIPC Initiative includes the topping up with the NPV calculated in terms of the completion point year.
The figures for the Enhanced HIPC Initiative correspond to the Completion Point Document approved by the World Bank and IMF’s Executive Boards on March 6, 2003.
It is suggested that debt relief under the original framework be overtaken by HIPC relief under the enhanced framework.
Preliminary document issued.
Countries that have reached their decision points under the enhanced HIPC framework through end-February 2003 and Côte d’Ivoire, which had reached the decision point under the original framework earlier.
HIPC Initiative: Committed Debt Relief and Outlook 1/ Status as of March 7, 2003
(In millions of U.S. dollars)
| Reduction in NPV Terms 2/ | Nominal Debt Service Relief | ||||||
|---|---|---|---|---|---|---|---|
| Original HIPC Initiative | Enhanced HIPC Initiative | Total | Original HIPC Initiative | Enhanced HIPC Initiative | Total | Date of Approval | |
| Countries that have reached their Completion Points (7) | |||||||
| TOTAL | 2,862 | 5,205 | 8,068 | 5,730 | 8,505 | 14,235 | |
| Bolivia | 448 | 854 | 1,302 | 760 | 1,300 | 2,060 | Jun-01 |
| Burkina Faso 3/ | 229 | 324 | 553 | 400 | 530 | 930 | Apr-02 |
| Mali 4/ | 121 | 417 | 539 | 220 | 675 | 895 | Mar-03 |
| Mauritania | 0 | 622 | 622 | 0 | 1,100 | 1,100 | Jun-02 |
| Mozambique | 1,717 | 306 | 2,023 | 3,700 | 600 | 4,300 | Sep-01 |
| Tanzania | 0 | 2,026 | 2,026 | 0 | 3,000 | 3,000 | Nov-01 |
| Uganda | 347 | 656 | 1,003 | 650 | 1,300 | 1,950 | May-00 |
| Countries that have reached their Decision Points (19) | |||||||
| TOTAL | 256 | 16,450 | 16,706 | 440 | 26,070 | 26,510 | |
| Benin | 0 | 265 | 265 | 0 | 460 | 460 | Jul-00 |
| Cameroon | 0 | 1,260 | 1,260 | 0 | 2,000 | 2,000 | Oct-00 |
| Chad | 0 | 170 | 170 | 0 | 260 | 260 | May-01 |
| Ethiopia | 0 | 1,275 | 1,275 | 0 | 1,930 | 1,930 | Nov-01 |
| The Gambia | 0 | 67 | 67 | 0 | 90 | 90 | Dec-00 |
| Ghana | 0 | 2,186 | 2,186 | 0 | 3,700 | 3,700 | Feb-02 |
| Guinea | 0 | 545 | 545 | 0 | 800 | 800 | Dec-00 |
| Guinea-Bissau | 0 | 416 | 416 | 0 | 790 | 790 | Dec-00 |
| Guyana | 256 | 329 | 585 | 440 | 590 | 1,030 | Nov-00 |
| Honduras | 0 | 556 | 556 | 0 | 900 | 900 | Jul-00 |
| Madagascar | 0 | 814 | 814 | 0 | 1,500 | 1,500 | Dec-00 |
| Malawi | 0 | 643 | 643 | 0 | 1,000 | 1,000 | Dec-00 |
| Nicaragua | 0 | 3,267 | 3,267 | 0 | 4,500 | 4,500 | Dec-00 |
| Niger | 0 | 521 | 521 | 0 | 900 | 900 | Dec-00 |
| Rwanda | 0 | 452 | 452 | 0 | 800 | 800 | Dec-00 |
| São Tomé and Príncipe | 0 | 97 | 97 | 0 | 200 | 200 | Dec-00 |
| Senegal | 0 | 488 | 488 | 0 | 850 | 850 | Jun-00 |
| Sierra Leone | 0 | 600 | 600 | 0 | 950 | 950 | Mar-02 |
| Zambia | 0 | 2,499 | 2,499 | 0 | 3,850 | 3,850 | Dec-00 |
| Countries still to be considered (12) | |||||||
| Côte d’Ivoire 5/ | 345 | 2,224 | 2,569 | 800 | 3,100 | 3,900 | Mar-02 6/ |
| Burundi | |||||||
| Central African Republic | |||||||
| Comoros | |||||||
| Congo, Dem. Rep. of | 0 | 5,773 | 5,773 | 0 | 9,800 | 9,800 | Jun-02 6/ |
| Congo, Rep. of | |||||||
| Lao PDR | |||||||
| Liberia | |||||||
| Myanmar | |||||||
| Somalia | |||||||
| Sudan | |||||||
| Togo | |||||||
| Memorandum item: | |||||||
| Debt relief committed | 3,463 | 21,655 | 25,117 | 6,970 | 34,575 | 41,545 | |
| under original and enhanced frameworks 7/ | |||||||
Commited Debt Relief under the assumption of full participation of the creditors.
As of the completion point year for the Original HIPC Initiative and as of the decision point year for the Enhanced HIPC Initiative.
The assistance under the enhanced HIPC Initiative includes the topping up with the NPV calculated in terms of the completion point year.
The figures for the Enhanced HIPC Initiative correspond to the Completion Point Document approved by the World Bank and IMF’s Executive Boards on March 6, 2003.
It is suggested that debt relief under the original framework be overtaken by HIPC relief under the enhanced framework.
Preliminary document issued.
Countries that have reached their decision points under the enhanced HIPC framework through end-February 2003 and Côte d’Ivoire, which had reached the decision point under the original framework earlier.
Pre Decision Point Countries
2. Many of the 12 countries that have not yet reached the decision point are affected by conflict and in some instances have substantial arrears outstanding to various creditors. In
Côte d’Ivoire, sudden domestic conflict prevented the country from reaching its decision point as anticipated last fall, and the preparation of a preliminary document was delayed in the case of the Central African Republic for the same reason. The Democratic Republic of Congo, however, has made significant progress and is expected to reach its decision point soon.
Countries in the Interim stage
3. The number of countries that have reached their completion points has increased by one (Mali)1 since September 2002 and Benin is expected to reach its completion point within a few weeks. Most of the countries in the interim period are still within the timeframe envisaged for this stage when the Enhanced HIPC Initiative was launched.2 Nevertheless, some countries have experienced delays in reaching their completion points relative to the dates foreseen at the time of their respective decision points. The reasons for the delays are:
the process of preparing high quality PRSPs reflecting broad consultation has taken longer than anticipated. Relative to earlier expectations, delays in excess of six months were encountered in at least 13 of the 19 interim period countries3, of which seven have yet to finalize their PRSPs;4
PRGF programs have experienced interruptions, usually because of fiscal slippages. There are currently two countries that have neither had new programs or program reviews approved within the last six months nor have much prospect for coming back on track with PRGF programs within the next six months;5 and
implementation of other completion point triggers has generally been slower than envisaged.
B. Summary of Costs (Tables 3, 4)6
4. There is little change in the cost of debt relief under the Initiative to 34 countries covered under the September 2002 costing exercise, with the estimated amount now standing at US$37.2 billion in 2001 NPV terms.7 Converting this amount to bring it into 2002 NPV terms8, the estimate would amount to US$39.2 billion (Table 3). The costs remain broadly equally divided between bilateral and multilateral creditors (Table 4). These estimates do not include the possible costs of topping up for countries currently in the interim period.9 The framework has so far committed an estimated US$27.3 billion of HIPC relief in 2002 NPV terms to the 26 decision point countries (Table 4).
HIPC Initiative: Changes in the Estimates of Potential Costs by Creditor Group (34 countries)
All HIPCs, excluding potentially sustainable cases (Angola, Kenya, Vietnam, and Yemen) and Liberia, Lao P.D.R., Somalia, and Sudan.
Reflects: i) updated DSAs for Democratic Republic of Congo and Mali; and ii) updated assumptions on the discount rate used in the NPV calculation, which has been revised from 6 to 5.45 percent.
HIPC Initiative: Changes in the Estimates of Potential Costs by Creditor Group (34 countries)
| September-02 Costing Exercise 2001 NPV Terms 1/ (In billions of U.S. dollars) | March-03 Costing Exercise 2001 NPV Terms 1/2/ (In billions of U.S. dollars) | March-03 Costing Exercise 2002 NPV Terms 1/2/ | ||
|---|---|---|---|---|
| (In billions of U.S. dollars) | (In percent) | |||
| Total costs | 37.2 | 37.2 | 39.2 | 100.0 |
| Bilateral and | 19.2 | 19.4 | 20.5 | 52.2 |
| Paris Club | 14.3 | 14.5 | 15.3 | 38.9 |
| Other official bilateral | 3.2 | 3.2 | 3.4 | 8.7 |
| Commercial | 1.6 | 1.7 | 1.8 | 4.5 |
| Multilateral creditors | 17.9 | 17.8 | 18.8 | 47.8 |
| World Bank | 8.2 | 8.2 | 8.7 | 22.1 |
| Ofwhich : IDA | 7.5 | 7.5 | 7.9 | 20.1 |
| IBRD | 0.8 | 0.7 | 0.8 | 1.9 |
| IMF | 2.7 | 2.7 | 2.9 | 7.4 |
| AfDB/AfDF | 3.2 | 3.1 | 3.2 | 8.2 |
| IaDB | 1.2 | 1.2 | 1.3 | 3.2 |
| Other | 2.6 | 2.6 | 2.8 | 7.0 |
| Memorandum item: | ||||
| Total costs including Liberia, Somalia, and Sudan | 46.0 | 46.2 | 48.7 | |
All HIPCs, excluding potentially sustainable cases (Angola, Kenya, Vietnam, and Yemen) and Liberia, Lao P.D.R., Somalia, and Sudan.
Reflects: i) updated DSAs for Democratic Republic of Congo and Mali; and ii) updated assumptions on the discount rate used in the NPV calculation, which has been revised from 6 to 5.45 percent.
HIPC Initiative: Changes in the Estimates of Potential Costs by Creditor Group (34 countries)
| September-02 Costing Exercise 2001 NPV Terms 1/ (In billions of U.S. dollars) | March-03 Costing Exercise 2001 NPV Terms 1/2/ (In billions of U.S. dollars) | March-03 Costing Exercise 2002 NPV Terms 1/2/ | ||
|---|---|---|---|---|
| (In billions of U.S. dollars) | (In percent) | |||
| Total costs | 37.2 | 37.2 | 39.2 | 100.0 |
| Bilateral and | 19.2 | 19.4 | 20.5 | 52.2 |
| Paris Club | 14.3 | 14.5 | 15.3 | 38.9 |
| Other official bilateral | 3.2 | 3.2 | 3.4 | 8.7 |
| Commercial | 1.6 | 1.7 | 1.8 | 4.5 |
| Multilateral creditors | 17.9 | 17.8 | 18.8 | 47.8 |
| World Bank | 8.2 | 8.2 | 8.7 | 22.1 |
| Ofwhich : IDA | 7.5 | 7.5 | 7.9 | 20.1 |
| IBRD | 0.8 | 0.7 | 0.8 | 1.9 |
| IMF | 2.7 | 2.7 | 2.9 | 7.4 |
| AfDB/AfDF | 3.2 | 3.1 | 3.2 | 8.2 |
| IaDB | 1.2 | 1.2 | 1.3 | 3.2 |
| Other | 2.6 | 2.6 | 2.8 | 7.0 |
| Memorandum item: | ||||
| Total costs including Liberia, Somalia, and Sudan | 46.0 | 46.2 | 48.7 | |
All HIPCs, excluding potentially sustainable cases (Angola, Kenya, Vietnam, and Yemen) and Liberia, Lao P.D.R., Somalia, and Sudan.
Reflects: i) updated DSAs for Democratic Republic of Congo and Mali; and ii) updated assumptions on the discount rate used in the NPV calculation, which has been revised from 6 to 5.45 percent.
HIPC Initiative: Breakdown of Estimated Potential Costs by Main Creditors and by Country Groups
(In billions of U.S. dollars, in 2002 NPV terms) 1/
All HIPCs, excluding potentially sustainable cases (Angola, Kenya, Vietnam, and Yemen) and Liberia, Lao P.D.R., Somalia, and Sudan.
Benin, Bolivia, Burkina Faso, Guyana, Mali, Mozambique, Senegal, and Uganda. Côte d’Ivoire is a retroactive case but has not reached its enhanced decision point.
Cameroon, Chad, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Honduras, Madagascar, Malawi, Mauritania, Nicaragua, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Tanzania, and Zambia.
Burundi, Central African Republic, Comoros, Democratic Republic of Congo, Republic of Congo, Côte d’Ivoire, Myanmar, and Togo.
HIPC Initiative: Breakdown of Estimated Potential Costs by Main Creditors and by Country Groups
(In billions of U.S. dollars, in 2002 NPV terms) 1/
| Decision Point Cases (26) | Post-2002 | ||||
|---|---|---|---|---|---|
| Total | Retroactive 2/ | New cases 3/ | Total | Other 4/ | |
| (34 countries) | (8 countries) | (18 countries) | (26 countries) | (8 countries) | |
| Total costs | 39.2 | 7.7 | 19.6 | 27.3 | 11.9 |
| Bilateral and commercial creditors | 20.5 | 3.0 | 9.8 | 12.9 | 7.6 |
| Paris Club | 15.3 | 2.3 | 6.9 | 9.2 | 6.1 |
| Other official bilateral | 3.4 | 0.6 | 2.4 | 3.0 | 0.4 |
| Commercial | 1.8 | 0.1 | 0.5 | 0.6 | 1.1 |
| Multilateral creditors | 18.8 | 4.7 | 9.8 | 14.5 | 4.3 |
| World Bank | 8.7 | 2.1 | 4.8 | 6.9 | 1.8 |
| Of which : IDA | 7.9 | 2.1 | 4.5 | 6.6 | 1.3 |
| IBRD | 0.8 | 0.0 | 0.3 | 0.3 | 0.4 |
| IMF | 2.9 | 0.7 | 1.5 | 2.2 | 0.7 |
| AfDB/AfDF | 3.2 | 0.5 | 1.4 | 1.9 | 1.3 |
| IaDB | 1.3 | 0.7 | 0.6 | 1.3 | 0.0 |
| Other | 2.8 | 0.7 | 1.5 | 2.2 | 0.5 |
| Memorandum item: | |||||
| In percent of total cost | 100.0 | 19.6 | 50.1 | 69.7 | 30.3 |
All HIPCs, excluding potentially sustainable cases (Angola, Kenya, Vietnam, and Yemen) and Liberia, Lao P.D.R., Somalia, and Sudan.
Benin, Bolivia, Burkina Faso, Guyana, Mali, Mozambique, Senegal, and Uganda. Côte d’Ivoire is a retroactive case but has not reached its enhanced decision point.
Cameroon, Chad, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Honduras, Madagascar, Malawi, Mauritania, Nicaragua, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Tanzania, and Zambia.
Burundi, Central African Republic, Comoros, Democratic Republic of Congo, Republic of Congo, Côte d’Ivoire, Myanmar, and Togo.
HIPC Initiative: Breakdown of Estimated Potential Costs by Main Creditors and by Country Groups
(In billions of U.S. dollars, in 2002 NPV terms) 1/
| Decision Point Cases (26) | Post-2002 | ||||
|---|---|---|---|---|---|
| Total | Retroactive 2/ | New cases 3/ | Total | Other 4/ | |
| (34 countries) | (8 countries) | (18 countries) | (26 countries) | (8 countries) | |
| Total costs | 39.2 | 7.7 | 19.6 | 27.3 | 11.9 |
| Bilateral and commercial creditors | 20.5 | 3.0 | 9.8 | 12.9 | 7.6 |
| Paris Club | 15.3 | 2.3 | 6.9 | 9.2 | 6.1 |
| Other official bilateral | 3.4 | 0.6 | 2.4 | 3.0 | 0.4 |
| Commercial | 1.8 | 0.1 | 0.5 | 0.6 | 1.1 |
| Multilateral creditors | 18.8 | 4.7 | 9.8 | 14.5 | 4.3 |
| World Bank | 8.7 | 2.1 | 4.8 | 6.9 | 1.8 |
| Of which : IDA | 7.9 | 2.1 | 4.5 | 6.6 | 1.3 |
| IBRD | 0.8 | 0.0 | 0.3 | 0.3 | 0.4 |
| IMF | 2.9 | 0.7 | 1.5 | 2.2 | 0.7 |
| AfDB/AfDF | 3.2 | 0.5 | 1.4 | 1.9 | 1.3 |
| IaDB | 1.3 | 0.7 | 0.6 | 1.3 | 0.0 |
| Other | 2.8 | 0.7 | 1.5 | 2.2 | 0.5 |
| Memorandum item: | |||||
| In percent of total cost | 100.0 | 19.6 | 50.1 | 69.7 | 30.3 |
All HIPCs, excluding potentially sustainable cases (Angola, Kenya, Vietnam, and Yemen) and Liberia, Lao P.D.R., Somalia, and Sudan.
Benin, Bolivia, Burkina Faso, Guyana, Mali, Mozambique, Senegal, and Uganda. Côte d’Ivoire is a retroactive case but has not reached its enhanced decision point.
Cameroon, Chad, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Honduras, Madagascar, Malawi, Mauritania, Nicaragua, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Tanzania, and Zambia.
Burundi, Central African Republic, Comoros, Democratic Republic of Congo, Republic of Congo, Côte d’Ivoire, Myanmar, and Togo.
C. Multilateral Creditors: Costs, Commitments and Delivery (Tables 5, 6A, 6B, 7A, 7B, 8)
HIPC Initiative: Estimated Delivery of World Bank Assistance, 2000-0’
(In millions of U.S. dollars)
Figures correspond to the respective fiscal year period.
These numbers differ from those in the 2nd completion point document, as the document did not reflect new borrowing that took place between the original decision point and the enhanced decision point.
These numbers differ from those in the 2nd completion point document, as a new schedule of delivery was approved at end-January 2003.
Weighted average.
HIPC Initiative: Estimated Delivery of World Bank Assistance, 2000-0’
(In millions of U.S. dollars)
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt service before HIPC relief | ||||||||||
| Benin | 11 | 12 | 15 | 16 | 17 | 19 | 20 | 21 | 22 | 23 |
| Bolivia | 18 | 21 | 24 | 25 | 27 | 28 | 31 | 32 | 36 | 38 |
| Burkina Faso | 13 | 15 | 19 | 20 | 20 | 22 | 23 | 23 | 24 | 25 |
| Cameroon | 80 | 72 | 60 | 54 | 55 | 41 | 34 | 29 | 30 | 30 |
| Chad | - | 10 | 10 | 10 | 11 | 12 | 13 | 14 | 15 | 18 |
| Ethiopia 1/ | 35 | 37 | 42 | 48 | 50 | 54 | 57 | 59 | 63 | 65 |
| Gambia, The | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 6 |
| Ghana | - | 55 | 62 | 67 | 72 | 79 | 85 | 89 | 95 | 101 |
| Guinea | 20 | 22 | 22 | 24 | 25 | 26 | 29 | 30 | 33 | 35 |
| Guinea-Bissau | 4 | 5 | 5 | 6 | 6 | 7 | 7 | 7 | 7 | 8 |
| Guyana | 8 | 9 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 7 |
| Honduras | 49 | 36 | 33 | 29 | 22 | 21 | 20 | 17 | 16 | 7 |
| Madagascar | 28 | 30 | 31 | 33 | 35 | 37 | 40 | 44 | 47 | 48 |
| Malawi | - | 30 | 34 | 38 | 41 | 42 | 47 | 49 | 50 | 53 |
| Mali | 20 | 23 | 26 | 27 | 30 | 32 | 35 | 36 | 38 | 39 |
| Mauritania | 7 | 9 | 9 | 10 | 10 | 11 | 12 | 13 | 14 | 15 |
| Mozambique | 20 | 21 | 23 | 27 | 31 | 35 | 36 | 38 | 40 | 42 |
| Nicaragua | 12 | 11 | 9 | 9 | 11 | 13 | 14 | 14 | 15 | 17 |
| Niger | 13 | 14 | 15 | 16 | 17 | 17 | 20 | 22 | 24 | 24 |
| Rwanda | 12 | 14 | 16 | 17 | 18 | 19 | 21 | 21 | 22 | 23 |
| São Tomé and Príncipe | - | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Senegal | 30 | 30 | 30 | 32 | 33 | 36 | 38 | 41 | 44 | 45 |
| Sierra Leone | - | 5 | 6 | 8 | 10 | 10 | 11 | 11 | 11 | 11 |
| Tanzania 1/ | 45 | 54 | 60 | 63 | 70 | 70 | 71 | 75 | 78 | 80 |
| Uganda 1/ | 33 | 39 | 45 | 53 | 62 | 72 | 73 | 74 | 92 | 93 |
| Zambia | 17 | 22 | 26 | 31 | 34 | 40 | 45 | 48 | 47 | 49 |
| TOTAL | 478 | 601 | 634 | 675 | 721 | 757 | 792 | 820 | 877 | 905 |
| Debt service after HIPC relief | ||||||||||
| Benin | 8 | 6 | 8 | 9 | 9 | 11 | 11 | 12 | 13 | 13 |
| Bolivia | ||||||||||
| after: original HIPC relief | 0 | 1 | 17 | 25 | 27 | 28 | 31 | 32 | 36 | 38 |
| enhanced HIPC relief | 0 | 0 | 9 | 12 | 13 | 14 | 15 | 16 | 18 | 19 |
| Burkina Faso | ||||||||||
| after: original HIPC relief | 10 | 9 | 13 | 14 | 15 | 16 | 17 | 18 | 18 | 18 |
| enhanced HIPC relief | 7 | 2 | 6 | 7 | 7 | 8 | 9 | 9 | 9 | 9 |
| topping up | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | ||
| Cameroon | 58 | 46 | 30 | 7 | 9 | 11 | 12 | 12 | 15 | 27 |
| Chad | - | 7 | 5 | 5 | 6 | 6 | 6 | 7 | 8 | 9 |
| Ethiopia | 35 | 24 | 15 | 17 | 18 | 19 | 20 | 21 | 23 | 23 |
| Gambia, The | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Ghana | - | 55 | 29 | 22 | 24 | 26 | 28 | 29 | 31 | 33 |
| Guinea | 20 | 11 | 11 | 12 | 12 | 13 | 14 | 15 | 17 | 18 |
| Guinea-Bissau | 4 | - | - | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Guyana | ||||||||||
| after: original HIPC relief | 7 | 7 | 6 | 7 | 6 | 5 | 5 | 5 | 5 | 5 |
| enhanced HIPC relief | 7 | 5 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 |
| Honduras | 39 | 18 | 9 | 3 | 1 | 1 | 1 | 1 | 1 | 1 |
| Madagascar | 28 | 15 | 16 | 16 | 17 | 18 | 20 | 22 | 23 | 24 |
| Malawi | - | 14 | 15 | 17 | 18 | 19 | 21 | 22 | 22 | 24 |
| Mali | ||||||||||
| after: original HIPC relief | 18 | 19 | 22 | 24 | 26 | 29 | 31 | 33 | 34 | 36 |
| enhanced HIPC relief | 16 | 9 | 11 | 12 | 14 | 15 | 16 | 18 | 18 | 19 |
| Mauritania | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 5 |
| Mozambique | ||||||||||
| after: original HIPC relief | 9 | 10 | 10 | 13 | 14 | 16 | 16 | 17 | 18 | 20 |
| enhanced HIPC relief | 2 | 4 | 4 | 5 | 6 | 6 | 7 | 7 | 7 | 16 |
| Nicaragua | 12 | 6 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | |
| Niger | 13 | 5 | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 8 |
| Rwanda | 12 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
| São Tomé and Príncipe | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Senegal | 25 | 16 | 15 | 16 | 17 | 18 | 19 | 20 | 22 | 31 |
| Sierra Leone | - | 5 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Debt service after HIPC relief | ||||||||||
| Tanzania | 35 | 17 | 18 | 20 | 22 | 22 | 22 | 23 | 24 | 25 |
| Uganda 2/ | ||||||||||
| after: original HIPC relief | 16 | 19 | 25 | 33 | 54 | 64 | 65 | 66 | 83 | 83 |
| enhanced HIPC relief | 12 | 9 | 13 | 19 | 29 | 35 | 36 | 36 | 51 | 51 |
| Zambia | 17 | 4 | 4 | 5 | 5 | 6 | 7 | 7 | 7 | 8 |
| TOTAL | 356 | 282 | 237 | 221 | 246 | 266 | 284 | 298 | 332 | 373 |
| World Bank debt relief | ||||||||||
| Benin | 3 | 6 | 7 | 8 | 8 | 8 | 9 | 9 | 9 | 10 |
| Bolivia | 18 | 21 | 15 | 13 | 13 | 14 | 15 | 16 | 18 | 19 |
| of which: original HIPC | 18 | 21 | 6 | - | - | - | - | - | - | - |
| enhanced HIPC | - | 0 | 9 | 13 | 13 | 14 | 15 | 16 | 18 | 19 |
| Burkina Faso | 6 | 13 | 13 | 14 | 15 | 16 | 16 | 16 | 17 | 18 |
| of which: original HIPC | 3 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 |
| enhanced HIPC | 3 | 7 | 7 | 7 | 8 | 9 | 9 | 9 | 9 | 9 |
| topping up | 1 | 1 | 1 | 2 | 2 | 2 | 2 | |||
| Cameroon | 14 | 27 | 30 | 47 | 45 | 31 | 22 | 17 | 15 | 3 |
| Chad | - | 3 | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 9 |
| Ethiopia | - | 13 | 27 | 31 | 32 | 35 | 36 | 38 | 41 | 42 |
| Gambia, The | - | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Ghana | - | - | 33 | 45 | 49 | 53 | 57 | 60 | 64 | 68 |
| Guinea | - | 11 | 11 | 12 | 12 | 13 | 14 | 15 | 16 | 18 |
| Guinea-Bissau | 1 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 7 |
| Guyana | 1 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| of which: original HIPC | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| enhanced HIPC | 0 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Honduras | 10 | 18 | 24 | 26 | 21 | 20 | 19 | 16 | 15 | 6 |
| Madagascar | - | 15 | 16 | 16 | 17 | 18 | 20 | 22 | 23 | 24 |
| Malawi | - | 17 | 19 | 21 | 23 | 23 | 26 | 27 | 28 | 30 |
| Mali | 4 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 19 | 20 |
| of which: original HIPC | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| enhanced HIPC | 2 | 10 | 11 | 11 | 12 | 14 | 15 | 15 | 16 | 16 |
| Mauritania | 5 | 6 | 6 | 6 | 7 | 7 | 8 | 8 | 9 | 9 |
| Mozambique | 18 | 17 | 18 | 22 | 25 | 29 | 29 | 31 | 33 | 26 |
| of which: original HIPC | 11 | 11 | 13 | 14 | 16 | 19 | 19 | 20 | 22 | 23 |
| enhanced HIPC 3/ | 7 | 6 | 5 | 8 | 9 | 10 | 10 | 11 | 12 | 3 |
| Nicaragua | - | 6 | 8 | 8 | 10 | 11 | 13 | 13 | 13 | 15 |
| Niger | - | 9 | 10 | 10 | 11 | 12 | 14 | 15 | 16 | 16 |
| Rwanda | - | 12 | 14 | 15 | 16 | 17 | 18 | 19 | 19 | 20 |
| São Tomé and Príncipe | - | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Senegal | 5 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 22 | 14 |
| Sierra Leone | - | - | 4 | 7 | 8 | 9 | 10 | 10 | 10 | 10 |
| Tanzania | 10 | 38 | 41 | 44 | 48 | 49 | 49 | 52 | 54 | 55 |
| Uganda | 21 | 29 | 32 | 34 | 33 | 37 | 37 | 37 | 41 | 42 |
| of which: original HIPC | 17 | 20 | 20 | 20 | 8 | 8 | 8 | 8 | 9 | 9 |
| enhanced HIPC | 4 | 10 | 12 | 14 | 25 | 29 | 29 | 29 | 32 | 33 |
| Zambia | 0 | 19 | 22 | 26 | 29 | 34 | 38 | 40 | 40 | 41 |
| TOTAL | 115 | 318 | 395 | 454 | 475 | 492 | 508 | 522 | 546 | 531 |
| Memorandum item | ||||||||||
| Average Annual Debt Service | ||||||||||
| Reduction 4/ | 24% | 53% | 62% | 67% | 66% | 65% | 64% | 64% | 62% | 59% |
Figures correspond to the respective fiscal year period.
These numbers differ from those in the 2nd completion point document, as the document did not reflect new borrowing that took place between the original decision point and the enhanced decision point.
These numbers differ from those in the 2nd completion point document, as a new schedule of delivery was approved at end-January 2003.
Weighted average.
HIPC Initiative: Estimated Delivery of World Bank Assistance, 2000-0’
(In millions of U.S. dollars)
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt service before HIPC relief | ||||||||||
| Benin | 11 | 12 | 15 | 16 | 17 | 19 | 20 | 21 | 22 | 23 |
| Bolivia | 18 | 21 | 24 | 25 | 27 | 28 | 31 | 32 | 36 | 38 |
| Burkina Faso | 13 | 15 | 19 | 20 | 20 | 22 | 23 | 23 | 24 | 25 |
| Cameroon | 80 | 72 | 60 | 54 | 55 | 41 | 34 | 29 | 30 | 30 |
| Chad | - | 10 | 10 | 10 | 11 | 12 | 13 | 14 | 15 | 18 |
| Ethiopia 1/ | 35 | 37 | 42 | 48 | 50 | 54 | 57 | 59 | 63 | 65 |
| Gambia, The | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 6 |
| Ghana | - | 55 | 62 | 67 | 72 | 79 | 85 | 89 | 95 | 101 |
| Guinea | 20 | 22 | 22 | 24 | 25 | 26 | 29 | 30 | 33 | 35 |
| Guinea-Bissau | 4 | 5 | 5 | 6 | 6 | 7 | 7 | 7 | 7 | 8 |
| Guyana | 8 | 9 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 7 |
| Honduras | 49 | 36 | 33 | 29 | 22 | 21 | 20 | 17 | 16 | 7 |
| Madagascar | 28 | 30 | 31 | 33 | 35 | 37 | 40 | 44 | 47 | 48 |
| Malawi | - | 30 | 34 | 38 | 41 | 42 | 47 | 49 | 50 | 53 |
| Mali | 20 | 23 | 26 | 27 | 30 | 32 | 35 | 36 | 38 | 39 |
| Mauritania | 7 | 9 | 9 | 10 | 10 | 11 | 12 | 13 | 14 | 15 |
| Mozambique | 20 | 21 | 23 | 27 | 31 | 35 | 36 | 38 | 40 | 42 |
| Nicaragua | 12 | 11 | 9 | 9 | 11 | 13 | 14 | 14 | 15 | 17 |
| Niger | 13 | 14 | 15 | 16 | 17 | 17 | 20 | 22 | 24 | 24 |
| Rwanda | 12 | 14 | 16 | 17 | 18 | 19 | 21 | 21 | 22 | 23 |
| São Tomé and Príncipe | - | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Senegal | 30 | 30 | 30 | 32 | 33 | 36 | 38 | 41 | 44 | 45 |
| Sierra Leone | - | 5 | 6 | 8 | 10 | 10 | 11 | 11 | 11 | 11 |
| Tanzania 1/ | 45 | 54 | 60 | 63 | 70 | 70 | 71 | 75 | 78 | 80 |
| Uganda 1/ | 33 | 39 | 45 | 53 | 62 | 72 | 73 | 74 | 92 | 93 |
| Zambia | 17 | 22 | 26 | 31 | 34 | 40 | 45 | 48 | 47 | 49 |
| TOTAL | 478 | 601 | 634 | 675 | 721 | 757 | 792 | 820 | 877 | 905 |
| Debt service after HIPC relief | ||||||||||
| Benin | 8 | 6 | 8 | 9 | 9 | 11 | 11 | 12 | 13 | 13 |
| Bolivia | ||||||||||
| after: original HIPC relief | 0 | 1 | 17 | 25 | 27 | 28 | 31 | 32 | 36 | 38 |
| enhanced HIPC relief | 0 | 0 | 9 | 12 | 13 | 14 | 15 | 16 | 18 | 19 |
| Burkina Faso | ||||||||||
| after: original HIPC relief | 10 | 9 | 13 | 14 | 15 | 16 | 17 | 18 | 18 | 18 |
| enhanced HIPC relief | 7 | 2 | 6 | 7 | 7 | 8 | 9 | 9 | 9 | 9 |
| topping up | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | ||
| Cameroon | 58 | 46 | 30 | 7 | 9 | 11 | 12 | 12 | 15 | 27 |
| Chad | - | 7 | 5 | 5 | 6 | 6 | 6 | 7 | 8 | 9 |
| Ethiopia | 35 | 24 | 15 | 17 | 18 | 19 | 20 | 21 | 23 | 23 |
| Gambia, The | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Ghana | - | 55 | 29 | 22 | 24 | 26 | 28 | 29 | 31 | 33 |
| Guinea | 20 | 11 | 11 | 12 | 12 | 13 | 14 | 15 | 17 | 18 |
| Guinea-Bissau | 4 | - | - | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Guyana | ||||||||||
| after: original HIPC relief | 7 | 7 | 6 | 7 | 6 | 5 | 5 | 5 | 5 | 5 |
| enhanced HIPC relief | 7 | 5 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 |
| Honduras | 39 | 18 | 9 | 3 | 1 | 1 | 1 | 1 | 1 | 1 |
| Madagascar | 28 | 15 | 16 | 16 | 17 | 18 | 20 | 22 | 23 | 24 |
| Malawi | - | 14 | 15 | 17 | 18 | 19 | 21 | 22 | 22 | 24 |
| Mali | ||||||||||
| after: original HIPC relief | 18 | 19 | 22 | 24 | 26 | 29 | 31 | 33 | 34 | 36 |
| enhanced HIPC relief | 16 | 9 | 11 | 12 | 14 | 15 | 16 | 18 | 18 | 19 |
| Mauritania | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 5 |
| Mozambique | ||||||||||
| after: original HIPC relief | 9 | 10 | 10 | 13 | 14 | 16 | 16 | 17 | 18 | 20 |
| enhanced HIPC relief | 2 | 4 | 4 | 5 | 6 | 6 | 7 | 7 | 7 | 16 |
| Nicaragua | 12 | 6 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | |
| Niger | 13 | 5 | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 8 |
| Rwanda | 12 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
| São Tomé and Príncipe | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Senegal | 25 | 16 | 15 | 16 | 17 | 18 | 19 | 20 | 22 | 31 |
| Sierra Leone | - | 5 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Debt service after HIPC relief | ||||||||||
| Tanzania | 35 | 17 | 18 | 20 | 22 | 22 | 22 | 23 | 24 | 25 |
| Uganda 2/ | ||||||||||
| after: original HIPC relief | 16 | 19 | 25 | 33 | 54 | 64 | 65 | 66 | 83 | 83 |
| enhanced HIPC relief | 12 | 9 | 13 | 19 | 29 | 35 | 36 | 36 | 51 | 51 |
| Zambia | 17 | 4 | 4 | 5 | 5 | 6 | 7 | 7 | 7 | 8 |
| TOTAL | 356 | 282 | 237 | 221 | 246 | 266 | 284 | 298 | 332 | 373 |
| World Bank debt relief | ||||||||||
| Benin | 3 | 6 | 7 | 8 | 8 | 8 | 9 | 9 | 9 | 10 |
| Bolivia | 18 | 21 | 15 | 13 | 13 | 14 | 15 | 16 | 18 | 19 |
| of which: original HIPC | 18 | 21 | 6 | - | - | - | - | - | - | - |
| enhanced HIPC | - | 0 | 9 | 13 | 13 | 14 | 15 | 16 | 18 | 19 |
| Burkina Faso | 6 | 13 | 13 | 14 | 15 | 16 | 16 | 16 | 17 | 18 |
| of which: original HIPC | 3 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 |
| enhanced HIPC | 3 | 7 | 7 | 7 | 8 | 9 | 9 | 9 | 9 | 9 |
| topping up | 1 | 1 | 1 | 2 | 2 | 2 | 2 | |||
| Cameroon | 14 | 27 | 30 | 47 | 45 | 31 | 22 | 17 | 15 | 3 |
| Chad | - | 3 | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 9 |
| Ethiopia | - | 13 | 27 | 31 | 32 | 35 | 36 | 38 | 41 | 42 |
| Gambia, The | - | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Ghana | - | - | 33 | 45 | 49 | 53 | 57 | 60 | 64 | 68 |
| Guinea | - | 11 | 11 | 12 | 12 | 13 | 14 | 15 | 16 | 18 |
| Guinea-Bissau | 1 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 7 |
| Guyana | 1 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| of which: original HIPC | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| enhanced HIPC | 0 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Honduras | 10 | 18 | 24 | 26 | 21 | 20 | 19 | 16 | 15 | 6 |
| Madagascar | - | 15 | 16 | 16 | 17 | 18 | 20 | 22 | 23 | 24 |
| Malawi | - | 17 | 19 | 21 | 23 | 23 | 26 | 27 | 28 | 30 |
| Mali | 4 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 19 | 20 |
| of which: original HIPC | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| enhanced HIPC | 2 | 10 | 11 | 11 | 12 | 14 | 15 | 15 | 16 | 16 |
| Mauritania | 5 | 6 | 6 | 6 | 7 | 7 | 8 | 8 | 9 | 9 |
| Mozambique | 18 | 17 | 18 | 22 | 25 | 29 | 29 | 31 | 33 | 26 |
| of which: original HIPC | 11 | 11 | 13 | 14 | 16 | 19 | 19 | 20 | 22 | 23 |
| enhanced HIPC 3/ | 7 | 6 | 5 | 8 | 9 | 10 | 10 | 11 | 12 | 3 |
| Nicaragua | - | 6 | 8 | 8 | 10 | 11 | 13 | 13 | 13 | 15 |
| Niger | - | 9 | 10 | 10 | 11 | 12 | 14 | 15 | 16 | 16 |
| Rwanda | - | 12 | 14 | 15 | 16 | 17 | 18 | 19 | 19 | 20 |
| São Tomé and Príncipe | - | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Senegal | 5 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 22 | 14 |
| Sierra Leone | - | - | 4 | 7 | 8 | 9 | 10 | 10 | 10 | 10 |
| Tanzania | 10 | 38 | 41 | 44 | 48 | 49 | 49 | 52 | 54 | 55 |
| Uganda | 21 | 29 | 32 | 34 | 33 | 37 | 37 | 37 | 41 | 42 |
| of which: original HIPC | 17 | 20 | 20 | 20 | 8 | 8 | 8 | 8 | 9 | 9 |
| enhanced HIPC | 4 | 10 | 12 | 14 | 25 | 29 | 29 | 29 | 32 | 33 |
| Zambia | 0 | 19 | 22 | 26 | 29 | 34 | 38 | 40 | 40 | 41 |
| TOTAL | 115 | 318 | 395 | 454 | 475 | 492 | 508 | 522 | 546 | 531 |
| Memorandum item | ||||||||||
| Average Annual Debt Service | ||||||||||
| Reduction 4/ | 24% | 53% | 62% | 67% | 66% | 65% | 64% | 64% | 62% | 59% |
Figures correspond to the respective fiscal year period.
These numbers differ from those in the 2nd completion point document, as the document did not reflect new borrowing that took place between the original decision point and the enhanced decision point.
These numbers differ from those in the 2nd completion point document, as a new schedule of delivery was approved at end-January 2003.
Weighted average.
HIPC Initiative: Estimated Delivery of IMF Assistance, 1998-2009 1/
(In millions of U.S. dollars)
Under the Original and Enhanced HIPC Initiative.
Obligations to the Fund as presented in the members’ respective decision point documents under the Enhanced HIPC Initiative, with revisions where necessary.
Fiscal year data.
Using SDR/U.S. dollar exchange rate at the completion point (for original HIPC assistance) or at the decision point (for enhanced HIPC assistance). Includes projected investment income.
Weighted average.
HIPC Initiative: Estimated Delivery of IMF Assistance, 1998-2009 1/
(In millions of U.S. dollars)
| Actual | Projections | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |
| IMF debt service before HIPC relief 2/ | ||||||||||||
| Benin | 6 | 17 | 14 | 16 | 16 | 16 | 12 | 9 | 6 | 4 | 2 | 2 |
| Bolivia | 42 | 34 | 31 | 32 | 30 | 29 | 36 | 32 | 25 | 18 | 11 | 2 |
| Burkina Faso | 4 | 6 | 11 | 15 | 15 | 18 | 19 | 16 | 12 | 10 | 6 | 3 |
| Cameroon | 20 | 20 | 21 | 5 | 3 | 6 | 20 | 33 | 40 | 40 | 36 | 22 |
| Chad | 11 | 5 | 2 | 4 | 8 | 10 | 12 | 14 | 13 | 8 | 6 | 4 |
| Ethiopia 3/ | 3 | 7 | 12 | 14 | 15 | 15 | 12 | 10 | 8 | 10 | 9 | 7 |
| Gambia, The | 5 | 4 | 2 | 1 | 0 | 0 | 1 | 2 | 3 | 3 | 3 | 2 |
| Ghana | 133 | 72 | 39 | 68 | 12 | 22 | 40 | 48 | 38 | 47 | 42 | 23 |
| Guinea | 10 | 8 | 9 | 13 | 13 | 16 | 21 | 20 | 15 | 14 | 8 | 3 |
| Guinea Bissau | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 1 |
| Guyana | 22 | 22 | 26 | 17 | 17 | 17 | 18 | 16 | 14 | 9 | 6 | 2 |
| Honduras | 3 | 7 | 10 | 14 | 44 | 42 | 15 | 26 | 22 | 22 | 21 | 13 |
| Madagascar | 15 | 13 | 6 | 3 | 5 | 9 | 9 | 12 | 20 | 16 | 13 | 13 |
| Malawi | 26 | 22 | 10 | 8 | 8 | 10 | 13 | 14 | 11 | 8 | 6 | 3 |
| Mali | 12 | 13 | 19 | 24 | 29 | 29 | 30 | 25 | 18 | 12 | 8 | 4 |
| Mauritania | 8 | 10 | 12 | 15 | 18 | 19 | 16 | 13 | 9 | 6 | 2 | 2 |
| Mozambique | 25 | 32 | 31 | 29 | 24 | 20 | 21 | 23 | 21 | 16 | 11 | 4 |
| Nicaragua | 1 | 4 | 7 | 7 | 7 | 9 | 17 | 26 | 26 | 26 | 24 | 13 |
| Niger | 14 | 6 | 3 | 2 | 4 | 10 | 13 | 13 | 12 | 9 | 4 | 1 |
| Rwanda | 4 | 9 | 13 | 12 | 7 | 3 | 6 | 10 | 12 | 12 | 10 | 7 |
| Sao Tomé & Príncipe | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sierra Leone | 1 | 13 | 27 | 78 | 31 | 32 | 21 | 8 | 5 | 13 | 12 | 12 |
| Senegal | 63 | 34 | 25 | 31 | 30 | 40 | 48 | 42 | 32 | 22 | 13 | 9 |
| Tanzania 3/ | 39 | 36 | 32 | 27 | 27 | 26 | 31 | 48 | 59 | 64 | 48 | 38 |
| Uganda 3/ | 58 | 60 | 53 | 50 | 44 | 44 | 51 | 46 | 36 | 25 | 13 | 2 |
| Zambia | 9 | 9 | 9 | 222 | 220 | 219 | 219 | 220 | 5 | 4 | 3 | 1 |
| TOTAL | 533 | 467 | 424 | 706 | 629 | 665 | 704 | 727 | 464 | 422 | 319 | 195 |
| IMF debt service after Enhanced HIPC Initiative relief | 2/ | |||||||||||
| Benin | 6 | 17 | 11 | 11 | 11 | 10 | 8 | 7 | 5 | 2 | 2 | 2 |
| Bolivia | 36 | 23 | 21 | 23 | 19 | 18 | 18 | 18 | 18 | 17 | 11 | 2 |
| Burkina Faso | 4 | 6 | 8 | 8 | 9 | 2 | 2 | 3 | 7 | 8 | 6 | 3 |
| Cameroon | 20 | 20 | 20 | 4 | 3 | 4 | 14 | 24 | 32 | 32 | 30 | 17 |
| Chad | 11 | 5 | 2 | 2 | 5 | 5 | 8 | 11 | 11 | 7 | 6 | 4 |
| Ethiopia 3/ | 3 | 7 | 12 | 14 | 10 | 9 | 7 | 4 | 4 | 4 | 3 | 3 |
| Gambia, The | 5 | 4 | 2 | 1 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 |
| Ghana | 133 | 72 | 39 | 68 | 3 | 5 | 14 | 21 | 22 | 28 | 26 | 19 |
| Guinea | 10 | 8 | 9 | 10 | 12 | 11 | 11 | 10 | 11 | 11 | 8 | 3 |
| Guinea Bissau | 1 | 1 | 1 | 0 | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Guyana | 22 | 15 | 17 | 6 | 10 | 6 | 6 | 6 | 6 | 6 | 6 | 2 |
| Honduras | 3 | 7 | 10 | 12 | 39 | 35 | 10 | 22 | 18 | 20 | 21 | 13 |
| Madagascar | 15 | 13 | 6 | 2 | 3 | 3 | 4 | 6 | 15 | 14 | 13 | 13 |
| Malawi | 26 | 22 | 10 | 5 | 8 | 5 | 5 | 7 | 5 | 5 | 5 | 3 |
| Mali | 12 | 13 | 18 | 17 | 20 | 18 | 18 | 15 | 10 | 7 | 5 | 4 |
| Mauritania | 8 | 10 | 7 | 7 | 7 | 8 | 7 | 8 | 4 | 4 | 2 | 2 |
| Mozambique | 25 | 18 | 0 | 2 | 6 | 6 | 7 | 7 | 5 | 5 | 5 | 3 |
| Nicaragua | 1 | 4 | 7 | 7 | 6 | 5 | 6 | 2 | 6 | 7 | 6 | 5 |
| Niger | 14 | 6 | 3 | 2 | 3 | 5 | 5 | 5 | 5 | 5 | 4 | 1 |
| Rwanda | 4 | 9 | 13 | 4 | 3 | 1 | 2 | 1 | 4 | 4 | 4 | 4 |
| Sao Tomé & Príncipe | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sierra Leone | 1 | 13 | 27 | 78 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Senegal | 63 | 34 | 23 | 26 | 25 | 31 | 35 | 30 | 26 | 22 | 13 | 9 |
| Tanzania 3/ | 39 | 36 | 25 | 6 | 5 | 5 | 15 | 36 | 48 | 53 | 38 | 28 |
| Uganda 3/ | 58 | 45 | 32 | 20 | 20 | 20 | 25 | 24 | 24 | 17 | 10 | 2 |
| Zambia | 9 | 9 | 9 | 71 | 67 | 63 | 113 | 109 | 5 | 4 | 3 | 1 |
| TOTAL | 528 | 420 | 332 | 405 | 296 | 278 | 343 | 380 | 294 | 288 | 232 | 147 |
| IMF Original and Enhanced HIPC Initiative assistance 4/ | ||||||||||||
| Benin | 2 | 5 | 5 | 6 | 4 | 2 | 1 | 1 | 0 | 0 | ||
| Bolivia | 6 11 | 10 | 9 | 11 | 11 | 18 | 14 | 7 | 1 | 0 | 0 | |
| Burkina Faso | 3 | 6 | 6 | 15 | 17 | 14 | 5 | 2 | 0 | 0 | ||
| Cameroon | 1 | 1 | 0 | 2 | 6 | 9 | 8 | 8 | 6 | 5 | ||
| Chad | 0 | 2 | 3 | 5 | 5 | 3 | 2 | 1 | 0 | 0 | ||
| Ethiopia 3/ | 5 | 6 | 6 | 5 | 4 | 7 | 6 | 4 | ||||
| Gambia, The | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | ||
| Ghana | 9 | 17 | 26 | 27 | 16 | 19 | 16 | 4 | ||||
| Guinea | 0 | 3 | 1 | 5 | 10 | 10 | 5 | 3 | 0 | 0 | ||
| Guinea Bissau | 0 | 1 | 0 | 2 | 2 | 2 | 3 | 2 | 1 | 0 | ||
| Guyana | ... 8 | 9 | 11 | 7 | 11 | 12 | 10 | 8 | 3 | 0 | 0 | |
| Honduras | 0 | 1 | 5 | 7 | 5 | 4 | 4 | 1 | 0 | 0 | ||
| Madagascar | 0 | 1 | 2 | 5 | 4 | 6 | 5 | 2 | 0 | 0 | ||
| Malawi | 0 | 3 | 0 | 5 | 8 | 7 | 6 | 3 | 1 | 0 | ||
| Mali | 1 | 7 | 9 | 11 | 12 | 10 | 8 | 6 | 3 | 0 | ||
| Mauritania | 5 | 8 | 11 | 11 | 8 | 5 | 5 | 2 | 0 | 0 | ||
| Mozambique | ... 14 | 31 | 27 | 18 | 14 | 14 | 16 | 16 | 11 | 6 | 1 | |
| Nicaragua | 0 | 0 | 1 | 4 | 11 | 24 | 20 | 19 | 17 | 8 | ||
| Niger | 0 | 1 | 1 | 5 | 8 | 8 | 7 | 4 | 0 | 0 | ||
| Rwanda | 0 | 9 | 4 | 2 | 3 | 8 | 8 | 8 | 6 | 3 | ||
| São Tomé and Príncipe | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Sierra Leone | 30 | 30 | 19 | 6 | 4 | 12 | 12 | 11 | ||||
| Senegal | 2 | 4 | 5 | 10 | 13 | 12 | 5 | 0 | 0 | 0 | ||
| Tanzania 3/ | 7 | 21 | 22 | 21 | 16 | 12 | 12 | 11 | 11 | 10 | ||
| Uganda 3/ | ... 15 | 21 | 29 | 24 | 24 | 26 | 22 | 12 | 8 | 2 | 0 | |
| Zambia | 0 | 151 | 154 | 156 | 107 | 111 | 0 | 0 | 0 | 0 | ||
| TOTAL | 6 47 | 91 | 300 | 332 | 387 | 361 | 347 | 170 | 134 | 87 | 48 | |
| Memorandum item: | ||||||||||||
| Average Annual Debt | ||||||||||||
| Service Reduction 5/ | 1% 10% | 21% | 43% | 53% | 58% | 51% | 48% | 37% | 32% | 27% | 25% | |
Under the Original and Enhanced HIPC Initiative.
Obligations to the Fund as presented in the members’ respective decision point documents under the Enhanced HIPC Initiative, with revisions where necessary.
Fiscal year data.
Using SDR/U.S. dollar exchange rate at the completion point (for original HIPC assistance) or at the decision point (for enhanced HIPC assistance). Includes projected investment income.
Weighted average.
HIPC Initiative: Estimated Delivery of IMF Assistance, 1998-2009 1/
(In millions of U.S. dollars)
| Actual | Projections | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |
| IMF debt service before HIPC relief 2/ | ||||||||||||
| Benin | 6 | 17 | 14 | 16 | 16 | 16 | 12 | 9 | 6 | 4 | 2 | 2 |
| Bolivia | 42 | 34 | 31 | 32 | 30 | 29 | 36 | 32 | 25 | 18 | 11 | 2 |
| Burkina Faso | 4 | 6 | 11 | 15 | 15 | 18 | 19 | 16 | 12 | 10 | 6 | 3 |
| Cameroon | 20 | 20 | 21 | 5 | 3 | 6 | 20 | 33 | 40 | 40 | 36 | 22 |
| Chad | 11 | 5 | 2 | 4 | 8 | 10 | 12 | 14 | 13 | 8 | 6 | 4 |
| Ethiopia 3/ | 3 | 7 | 12 | 14 | 15 | 15 | 12 | 10 | 8 | 10 | 9 | 7 |
| Gambia, The | 5 | 4 | 2 | 1 | 0 | 0 | 1 | 2 | 3 | 3 | 3 | 2 |
| Ghana | 133 | 72 | 39 | 68 | 12 | 22 | 40 | 48 | 38 | 47 | 42 | 23 |
| Guinea | 10 | 8 | 9 | 13 | 13 | 16 | 21 | 20 | 15 | 14 | 8 | 3 |
| Guinea Bissau | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 1 |
| Guyana | 22 | 22 | 26 | 17 | 17 | 17 | 18 | 16 | 14 | 9 | 6 | 2 |
| Honduras | 3 | 7 | 10 | 14 | 44 | 42 | 15 | 26 | 22 | 22 | 21 | 13 |
| Madagascar | 15 | 13 | 6 | 3 | 5 | 9 | 9 | 12 | 20 | 16 | 13 | 13 |
| Malawi | 26 | 22 | 10 | 8 | 8 | 10 | 13 | 14 | 11 | 8 | 6 | 3 |
| Mali | 12 | 13 | 19 | 24 | 29 | 29 | 30 | 25 | 18 | 12 | 8 | 4 |
| Mauritania | 8 | 10 | 12 | 15 | 18 | 19 | 16 | 13 | 9 | 6 | 2 | 2 |
| Mozambique | 25 | 32 | 31 | 29 | 24 | 20 | 21 | 23 | 21 | 16 | 11 | 4 |
| Nicaragua | 1 | 4 | 7 | 7 | 7 | 9 | 17 | 26 | 26 | 26 | 24 | 13 |
| Niger | 14 | 6 | 3 | 2 | 4 | 10 | 13 | 13 | 12 | 9 | 4 | 1 |
| Rwanda | 4 | 9 | 13 | 12 | 7 | 3 | 6 | 10 | 12 | 12 | 10 | 7 |
| Sao Tomé & Príncipe | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sierra Leone | 1 | 13 | 27 | 78 | 31 | 32 | 21 | 8 | 5 | 13 | 12 | 12 |
| Senegal | 63 | 34 | 25 | 31 | 30 | 40 | 48 | 42 | 32 | 22 | 13 | 9 |
| Tanzania 3/ | 39 | 36 | 32 | 27 | 27 | 26 | 31 | 48 | 59 | 64 | 48 | 38 |
| Uganda 3/ | 58 | 60 | 53 | 50 | 44 | 44 | 51 | 46 | 36 | 25 | 13 | 2 |
| Zambia | 9 | 9 | 9 | 222 | 220 | 219 | 219 | 220 | 5 | 4 | 3 | 1 |
| TOTAL | 533 | 467 | 424 | 706 | 629 | 665 | 704 | 727 | 464 | 422 | 319 | 195 |
| IMF debt service after Enhanced HIPC Initiative relief | 2/ | |||||||||||
| Benin | 6 | 17 | 11 | 11 | 11 | 10 | 8 | 7 | 5 | 2 | 2 | 2 |
| Bolivia | 36 | 23 | 21 | 23 | 19 | 18 | 18 | 18 | 18 | 17 | 11 | 2 |