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The Multilateral Debt Relief Initiative: Progress Report on Implementation

Prepared by the Policy Development and Review Department

(In consultation with other departments)

Approved by Mark Allen

March 20, 2006

Contents

  • I. Introduction

  • II. Implementation of the MDRI in the Fund to Date

  • III. Implementation Modalities in Multilateral Development Banks

  • Tables

  • Table 1. Fund’s Debt Relief Under the HIPC Initiative and MDRI

  • Table 2. Debt Relief from the Fund Under the HIPC Initiative and MDRI

  • Table 3. Assistance from the Fund Under the HIPC Initiative and MDRI

  • Figures

  • Figure 1. Debt Owed to the Fund by the 19 Qualifying Members

  • Figure 2. Debt Service Due to the Fund by the 19 Qualifying Members

  • Figure 3. Effect of HIPC Initiative and MDRI on Zambia’s Debt Burden

  • Figure 3b. Implied Savings Under the MDRI

  • Boxes

  • Box 1. A Major Beneficiary of MDRI Relief from the Fund: Zambia

  • Box 2. The Use of Resources Freed up by MDRI Relief in Tanzania

  • Box 3. Accounting and Programming Issues Related to the Implementation of the MDRI

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The Multilateral Debt Relief Initiative - Progress Report on Implementation
Author:
International Monetary Fund