Front Matter Page
INTERNATIONAL MONETARY FUND AND INTERNATIONAL DEVELOPMENT ASSOCIATION
Heavily Indebted Poor Countries (HIPC) Initiative—Statistical Update
Prepared by the Staffs of the IMF and the World Bank
Approved by Mark Allen and Danny Leipziger
April 11, 2005
Contents
I. Guide to the Tables
A. Progress in Implementation
B. Summary of Costs
C. Creditor Participation: Multilateral Creditors
D. Creditor Participation: Official Bilateral and Commercial Creditors
E. Effect of HIPC Debt Reduction on Debt Service and Poverty Reducing Expenditures
II. Annexes
1. Country Coverage, Data Sources, and Assumptions for the HIPC Costing Exercise
2. HIPC Initiative: Progress in Implementation by Country
III. Statistical Tables
1. HIPC Initiative: Committed Debt Relief and Outlook
2. HIPC Initiative: Changes in the Estimates of Potential Costs by Creditor Group
3. HIPC Initiative: Breakdown of Estimated Potential Costs by Main Creditors and by Country Groups
4. HIPC Initiative: Estimates of Costs to Multilateral Creditors and Status of Their Commitments
5A. HIPC Initiative: Status of Delivery of Assistance by the World Bank
5B. HIPC Initiative: Estimated Delivery of World Bank Assistance, 2000–2009
6A. HIPC Initiative: Status of Commitments by the IMF
6B. HIPC Initiative: Estimated Delivery of IMF Assistance, 1998-2010
7. Status of Bilateral Donor Pledges to the HIPC Trust Fund
8A. HIPC Initiative: Estimated Paris Club Costs, by Creditor Country
8B. HIPC Initiative: Paris Club Debt Relief
9. Paris Club Creditors' Delivery of Debt Relief Under Bilateral Initiatives Beyond the HIPC Initiative.
10A. HIPC Initiative: Estimated Non-Paris Club Official Bilateral Creditors’ Costs by Creditor Country
10B. HIPC Initiative: Delivery of HIPC Assistance by Non-Paris Club Creditors
11A. Summary of Debt Service for the 27 HIPCs that have Reached the Decision Point
11B. Debt Service for the 27 HIPCs that have Reached the Decision Point, by Country.
12A. Summary of Poverty-Reducing Expenditures by the 27 HIPCs that have Reached the Decision Point
12B. Poverty-Reducing Expenditures by the 27 HIPCs that have Reached the Decision Point, by Country
Abbreviations and Acronyms
| AfDB | African Development Bank |
| AFESD | Arab Fund for Social and Economic Development |
| AMF | Arab Monetary Fund |
| AsDB | Asian Development Bank |
| BADEA | Arab Bank for Economic Development in Africa |
| BCEAO | Central Bank of West African States |
| BDEAC | Banque de Développement des États de l’Afrique Centrale (Central African States Development Bank) |
| BDEGL | Banque de Développement des États des Grand Lacs (Development Bank of Great Lake States) |
| BEAC | Banque des États de l’Afrique Centrale (Bank of Central African States) |
| BOAD | Banque Ouest Africaine de Developpement (West African Development Bank) |
| CABEI | Central American Bank for Economic Integration |
| CAF | Corporación Andina de Fomento |
| CAS | County Assistance Strategy |
| CDB | Caribbean Development Bank |
| CIRR | Commercial Interest Reference Rate |
| CMCF | Caricom Multilateral Clearing Facility |
| DRC | Democratic Republic of Congo |
| DSA | Debt Sustainability Analysis |
| EADB | East African Development Bank |
| ECOWAS | Economic Community of West African States |
| EIB | European Investment Bank |
| EPCA | Emergency Post-Conflict Assistance |
| EU | European Union |
| EUR | Euro |
| FEGECE | Fonds d’Entraide et de Garantie des emprunts du Conseil del’Entente |
| FOCEM | Fondo Centroamericano de Estabilización Monetaria |
| FONPLATA | Fund for the Financial Development of the River Plate Basin |
| FSID | Fund for Solidarity and Economic Development |
| GDF | Global Development Finance |
| GDP | Gross Domestic Product |
| HIPC | Heavily Indebted Poor Country |
| IDB | Inter-American Development Bank |
| IBRD | International Bank for Reconstruction and Development |
| IDA | International Development Association |
| IFAD | International Fund for Agricultural Development |
| IFMIS | Integrated Financial Management Information System |
| IMF | International Monetary Fund |
| I-PRSP | Interim Poverty Reduction Strategy Paper |
| IsDB | Islamic Development Bank |
| JSAN | Joint Staff Advisory Note |
| MDB | Multilateral Development Bank |
| MTEF | Medium-Term Expenditure Framework |
| NPV | Net Present Value |
| OPEC | OPEC Fund for International Development |
| PTA | Eastern and Southern African Trade and Development Bank |
| PEM | Public Expenditure Management |
| PERs | Public Expenditure Reviews |
| PRGF | Poverty Reduction and Growth Facility |
| PRSP | Poverty Reduction Strategy Paper |
| SDR | Special Drawing Rights |
| SMP | Staff Monitored Program |
| U.A.E. | United Arab Emirates |