Heavily Indebted Poor Countries Initiative - Statistical Update

This document updates the information provided in the September 2005 Heavily Indebted Poor Countries (HIPC) Initiative – Status of Implementation report. It deals exclusively with the enhanced HIPC Initiative, and does not consider the implications of the Multilateral Debt Relief Initiative (MDRI).

Abstract

I. Guide to the Tables

This document updates the information provided in the September 2005 Heavily Indebted Poor Countries (HIPC) Initiative - Status of Implementation report.¹, ² It deals exclusively with the enhanced HIPC Initiative, and does not consider the implications of the Multilateral Debt Relief Initiative (MDRI).³ Below are some highlights drawn from the accompanying tables.

A. Progress in Implementation (Table 1)

Table 1

HIPC Initiative: Committed Debt Relief and Outlook ^1/ Status as of mid-March 2006

(In millions of US dollars, in NPV terms in the year of the decision point)

Sources: HIPC country documents; and World Bank and IMF staff estimates.

Committed debt relief under the assumption of full participation of creditors.

The total amounts shown are only indicative, as they represent the sum of individual commitments expressed in different NPV terms, corresponding to the time of the decision point of each HIPC.

The assistance under the enhanced HIPC Initiative includes topping up with the NPV calculated in the year of the completion point.

Table 1

HIPC Initiative: Committed Debt Relief and Outlook ^1/ Status as of mid-March 2006

(In millions of US dollars, in NPV terms in the year of the decision point)

	Reduction in NPV Terms			Nominal Debt Service Relief			Completion/ Decision Point Date
	Original HIPC Initiative	Enhanced HIPC Initiative	Total	Original HIPC Initiative	Enhanced HIPC Initiative	Total	Completion/ Decision Point Date
Countries that have reached their Completion Points (18)
TOTAL^2/	3,118	19,020	22,138	6,364	31,252	37,616
Benin	0	265	265	0	460	460	Mar-03
Bolivia	448	854	1,302	760	1,300	2,060	Jun-01
Burkina Faso ^3/	229	324	553	400	530	930	Apr-02
Ethiopia ^3/	0	1,982	1,982	0	3,275	3,275	Apr-04
Guyana	256	335	591	634	719	1,353	Dec-03
Ghana	0	2,186	2,186	0	3,500	3,500	Jul-04
Honduras	0	556	556	0	1,053	1,053	Apr-05
Madagascar	0	836	836	0	1,900	1,900	Oct-04
Mali	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
Nicaragua	0	3,308	3,308	0	4,500	4,500	Jan-04
Niger ^3/	0	664	664	0	1,190	1,190	Apr-04
Rwanda ^3/	0	696	696	0	1,400	1,400	Apr-05
Senegal	0	488	488	0	850	850	Apr-04
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
Zambia	0	2,499	2,499	0	3,900	3,900	Apr-05
Countries that have reached their Decision Points (11)
TOTAL^2/	0	12,613	12,613	0	21,632	21,632
Burundi	0	826	826	0	1,472	1,472	Jul-05
Cameroon	0	1,260	1,260	0	2,800	2,800	Oct-00
Chad	0	170	170	0	260	260	May-01
Congo, Dem. Rep. of the	0	6,311	6,311	0	10,389	10,389	Jul-03
Congo, Rep. of	0	1,679	1,679	0	2,881	2,881	Mar-06
Gambia, The	0	67	67	0	90	90	Dec-00
Guinea	0	545	545	0	800	800	Dec-00
Guinea-Bissau	0	416	416	0	790	790	Dec-00
Malawi	0	643	643	0	1,000	1,000	Dec-00
São Tomé and Príncipe	0	97	97	0	200	200	Dec-00
Sierra Leone	0	600	600	0	950	950	Mar-02
Total debt relief committed 2/	3,118	31,633	34,750	6,364	52,884	59,248

Sources: HIPC country documents; and World Bank and IMF staff estimates.

Committed debt relief under the assumption of full participation of creditors.

The total amounts shown are only indicative, as they represent the sum of individual commitments expressed in different NPV terms, corresponding to the time of the decision point of each HIPC.

The assistance under the enhanced HIPC Initiative includes topping up with the NPV calculated in the year of the completion point.

Table 1

HIPC Initiative: Committed Debt Relief and Outlook ^1/ Status as of mid-March 2006

(In millions of US dollars, in NPV terms in the year of the decision point)

	Reduction in NPV Terms			Nominal Debt Service Relief			Completion/ Decision Point Date
	Original HIPC Initiative	Enhanced HIPC Initiative	Total	Original HIPC Initiative	Enhanced HIPC Initiative	Total	Completion/ Decision Point Date
Countries that have reached their Completion Points (18)
TOTAL^2/	3,118	19,020	22,138	6,364	31,252	37,616
Benin	0	265	265	0	460	460	Mar-03
Bolivia	448	854	1,302	760	1,300	2,060	Jun-01
Burkina Faso ^3/	229	324	553	400	530	930	Apr-02
Ethiopia ^3/	0	1,982	1,982	0	3,275	3,275	Apr-04
Guyana	256	335	591	634	719	1,353	Dec-03
Ghana	0	2,186	2,186	0	3,500	3,500	Jul-04
Honduras	0	556	556	0	1,053	1,053	Apr-05
Madagascar	0	836	836	0	1,900	1,900	Oct-04
Mali	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
Nicaragua	0	3,308	3,308	0	4,500	4,500	Jan-04
Niger ^3/	0	664	664	0	1,190	1,190	Apr-04
Rwanda ^3/	0	696	696	0	1,400	1,400	Apr-05
Senegal	0	488	488	0	850	850	Apr-04
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
Zambia	0	2,499	2,499	0	3,900	3,900	Apr-05
Countries that have reached their Decision Points (11)
TOTAL^2/	0	12,613	12,613	0	21,632	21,632
Burundi	0	826	826	0	1,472	1,472	Jul-05
Cameroon	0	1,260	1,260	0	2,800	2,800	Oct-00
Chad	0	170	170	0	260	260	May-01
Congo, Dem. Rep. of the	0	6,311	6,311	0	10,389	10,389	Jul-03
Congo, Rep. of	0	1,679	1,679	0	2,881	2,881	Mar-06
Gambia, The	0	67	67	0	90	90	Dec-00
Guinea	0	545	545	0	800	800	Dec-00
Guinea-Bissau	0	416	416	0	790	790	Dec-00
Malawi	0	643	643	0	1,000	1,000	Dec-00
São Tomé and Príncipe	0	97	97	0	200	200	Dec-00
Sierra Leone	0	600	600	0	950	950	Mar-02
Total debt relief committed 2/	3,118	31,633	34,750	6,364	52,884	59,248

Sources: HIPC country documents; and World Bank and IMF staff estimates.

Committed debt relief under the assumption of full participation of creditors.

The total amounts shown are only indicative, as they represent the sum of individual commitments expressed in different NPV terms, corresponding to the time of the decision point of each HIPC.

The assistance under the enhanced HIPC Initiative includes topping up with the NPV calculated in the year of the completion point.

1. The Republic of Congo has reached the decision point in March 2006, increasing the number of countries that have reached their decision points to 29 as of mid-March 2006. A total of US$34.8 billion in debt relief (in decision point NPV terms) has been committed to these countries. The 18 countries that have reached their completion points account for 64 percent of HIPC Initiative assistance to be delivered irrevocably by all creditors.

2. While some countries are making progress toward reaching the completion point, maintaining macroeconomic stability remains a challenge for others that are currently in the interim period between their decision and completion points.⁴

Cameroon, Malawi, and São Tomé and Príncipe have been satisfactorily implementing their macroeconomic policy programs and could reach their completion points by mid-2006.
For Sierra Leone, a new arrangement supported by the IMF under the Poverty Reduction and Growth Facility (PRGF) is expected to be approved in March 2006, which could help this country reach its completion point before the end of 2006.
Burundi, the Republic of Congo, and the Democratic Republic of the Congo have been making progress under their macroeconomic programs; however, the Democratic Republic of the Congo is experiencing fiscal pressures and slow progress in the area of structural reforms.
Chad, the Gambia, Guinea, and Guinea-Bissau have been experiencing difficulties in the implementation of their macroeconomic programs. Chad, the Gambia, and Guinea are taking steps to address problems in fiscal management and structural reforms in order to resume their PRGF-supported programs. Guinea-Bissau has been making efforts to restore growth, rehabilitate its public finances, and improve governance so as to pave the way for a possible IMF-supported program.

3. Most countries in the interim period have made progress on the development and implementation of their poverty reduction strategies, a requirement for reaching the completion point. Since September 2005, the two Boards have discussed the second progress report on PRSP implementation for Cameroon. The first progress report for São Tomé and Príncipe was submitted to the Boards in February 2006. The second progress reports for Gambia, Guinea, and Chad, and the third progress report for Malawi are expected to be presented to the Boards in 2006. Sierra Leone has started implementing its PRSP in the fall of 2005. Four countries (Burundi, the Democratic Republic of the Congo, the Republic of Congo, and Guinea-Bissau) have yet to complete their PRSPs, but all are expected to do so in the course of 2006.

B. Summary of Costs (Tables 2, 3)⁵

Table 2

HIPC Initiative: Changes in the Estimates of Potential Costs by Creditor Group ^1/

(In billions of U.S. dollars)

Sources: HIPC Initiative country documents; and staff estimates.

All 29 decision point HIPCs.

Reflects decision point for Republic of Congo.

The discount rate used is the 3-year average SDR CIRR for 2003-2005, which was 4.4 percent.

The discount rate used is the 3-year average SDR CIRR for 2002-2004, which was 4.6 percent .

Table 2

HIPC Initiative: Changes in the Estimates of Potential Costs by Creditor Group ^1/

(In billions of U.S. dollars)

	Spring 2006		September-05	Spring 2006
	2005 NPV Terms ^2/^3/	(In percent)	2004 NPV Terms ^4/	2004 NPV Terms ^2/^4/
Total costs (29 Decision Point HIPCs)	41.3	100.0	38.2	39.8
Bilateral and commercial creditors	20.5	49.7	18.3	19.8
Paris Club	15.2	36.8	13.8	14.6
Other official bilateral	3.8	9.3	3.6	3.7
Commercial	1.5	3.7	0.9	1.5
Multilateral creditors	20.7	50.3	19.9	20.0
World Bank	9.8	23.7	9.4	9.4
Of which: IDA	9.4	22.8	9.0	9.1
IBRD	0.4	0.9	0.4	0.4
IMF	3.1	7.5	3.0	3.0
AfDB/AfDF	3.5	8.5	3.3	3.4
IaDB	1.4	3.4	1.3	1.3
Other	2.9	7.1	2.8	2.8

Sources: HIPC Initiative country documents; and staff estimates.

All 29 decision point HIPCs.

Reflects decision point for Republic of Congo.

The discount rate used is the 3-year average SDR CIRR for 2003-2005, which was 4.4 percent.

The discount rate used is the 3-year average SDR CIRR for 2002-2004, which was 4.6 percent .

Table 2

HIPC Initiative: Changes in the Estimates of Potential Costs by Creditor Group ^1/

(In billions of U.S. dollars)

	Spring 2006		September-05	Spring 2006
	2005 NPV Terms ^2/^3/	(In percent)	2004 NPV Terms ^4/	2004 NPV Terms ^2/^4/
Total costs (29 Decision Point HIPCs)	41.3	100.0	38.2	39.8
Bilateral and commercial creditors	20.5	49.7	18.3	19.8
Paris Club	15.2	36.8	13.8	14.6
Other official bilateral	3.8	9.3	3.6	3.7
Commercial	1.5	3.7	0.9	1.5
Multilateral creditors	20.7	50.3	19.9	20.0
World Bank	9.8	23.7	9.4	9.4
Of which: IDA	9.4	22.8	9.0	9.1
IBRD	0.4	0.9	0.4	0.4
IMF	3.1	7.5	3.0	3.0
AfDB/AfDF	3.5	8.5	3.3	3.4
IaDB	1.4	3.4	1.3	1.3
Other	2.9	7.1	2.8	2.8

Sources: HIPC Initiative country documents; and staff estimates.

All 29 decision point HIPCs.

Reflects decision point for Republic of Congo.

The discount rate used is the 3-year average SDR CIRR for 2003-2005, which was 4.4 percent.

The discount rate used is the 3-year average SDR CIRR for 2002-2004, which was 4.6 percent .

Table 3

HIPC Initiative: Breakdown of Estimated Potential Costs by Main Creditors and by Country Groups

(In billions of U.S. dollars, in 2005 NPV terms)

Sources: Country authorities; and Fund staff estimates.

These countries have reached their decision points under the original HIPC Initiative: Bolivia, Burkina Faso, Guyana, Mali, Mozambique, and Uganda.

Benin, Burundi, Cameroon, Chad, Democratic Republic of the Congo, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Honduras, Madagascar, Malawi, Mauritania, Nicaragua, Niger, Republic of Congo, Rwanda, São Tomé and Príncipe, Senegal, Sierra Leone, Tanzania, and Zambia.

Table 3

HIPC Initiative: Breakdown of Estimated Potential Costs by Main Creditors and by Country Groups

(In billions of U.S. dollars, in 2005 NPV terms)

	Retroactive ^1/	New cases ^2/	Total
	(6 countries)	(23 countries)	(29 countries)
Total costs	7.6	33.6	41.3
Bilateral and commercial creditors	3.0	17.5	20.5
Paris Club	2.3	12.8	15.2
Other official bilateral	0.6	3.3	3.8
Commercial	0.1	1.4	1.5
Multilateral creditors	4.6	16.1	20.7
World Bank	2.0	7.8	9.8
Of which: IDA	2.0	7.4	9.4
Of which: IBRD	0.0	0.4	0.4
IMF	0.7	2.4	3.1
AfDB/AfDF	0.5	3.0	3.5
IaDB	0.7	0.7	1.4
Other	0.6	2.3	2.9
Memorandum item:
In percent of total cost	18.5	81.5	100.0

Sources: Country authorities; and Fund staff estimates.

These countries have reached their decision points under the original HIPC Initiative: Bolivia, Burkina Faso, Guyana, Mali, Mozambique, and Uganda.

Table 3

HIPC Initiative: Breakdown of Estimated Potential Costs by Main Creditors and by Country Groups

(In billions of U.S. dollars, in 2005 NPV terms)

	Retroactive ^1/	New cases ^2/	Total
	(6 countries)	(23 countries)	(29 countries)
Total costs	7.6	33.6	41.3
Bilateral and commercial creditors	3.0	17.5	20.5
Paris Club	2.3	12.8	15.2
Other official bilateral	0.6	3.3	3.8
Commercial	0.1	1.4	1.5
Multilateral creditors	4.6	16.1	20.7
World Bank	2.0	7.8	9.8
Of which: IDA	2.0	7.4	9.4
Of which: IBRD	0.0	0.4	0.4
IMF	0.7	2.4	3.1
AfDB/AfDF	0.5	3.0	3.5
IaDB	0.7	0.7	1.4
Other	0.6	2.3	2.9
Memorandum item:
In percent of total cost	18.5	81.5	100.0

Sources: Country authorities; and Fund staff estimates.

These countries have reached their decision points under the original HIPC Initiative: Bolivia, Burkina Faso, Guyana, Mali, Mozambique, and Uganda.

4. The total cost of HIPC Initiative assistance for the 29 countries that have reached their decision points is estimated at US$39.8 billion in 2004 NPV terms - an increase of US$1.6 billion from US$38.2 billion reported in the September 2005 Status of Implementation Report (Table 2). The higher estimate is due to the inclusion of the cost estimate for the Republic of Congo, which reached its decision point recently. Converting the total cost to 2005 NPV terms, the estimate amounts to US$41.3 billion, equally divided between multilateral and bilateral creditors.

C. Creditor Participation: Multilateral Creditors (Tables 4, 5A, 5B, 6A, 6B and 7)

Table 4

HIPC Initiative: Estimates of Costs to Multilateral Creditors and Status of Their Commitments

(In millions of U.S. dollars, in 2005 NPV terms)

Sources: HIPC documents; HIPC authorities; and World Bank staff estimates.

Some of these creditors are providing relief on a case-by-case basis and have yet to agree to full participation in the enhanced HIPC Initiative. Moreover, for a few of these creditors, there have been significant delays in developing the modalities for the actual delivery of debt relief.

Table 4

HIPC Initiative: Estimates of Costs to Multilateral Creditors and Status of Their Commitments

(In millions of U.S. dollars, in 2005 NPV terms)

Creditors	Cost of Providing HIPC Relief
Creditors	29 countries
Total	20,731
Delivering or committed to deliver debt relief to the 29 decision point countries ^1/	20,649
World Bank Group	9,785
African Development Bank (AfDB)	3,514
International Monetary Fund (IMF)	3,103
Inter-American Development Bank (IaDB)	1,391
European Union/European Investment Bank (EU/EIB)	838
Central American Bank for Economic Integration (CABEI)	634
International Fund for Agricultural Development (IFAD)	340
Arab Bank for Economic Development in Africa (BADEA)	244
OPEC Fund for International Development	200
Islamic Development Bank (IsDB)	155
Corporación Andina de Fomento (CAF)	117
Arab Fund for Social and Economic Development (AFESD)	79
Caricom Multilateral Clearing Facility (CMCF)	72
West African Development Bank (BOAD)	55
Fund for the Financial Development of the River Plate Basin (FONPLATA)	31
Nordic Development Fund (NDF)	28
Caribbean Development Bank (CDB)	21
Arab Monetary Fund (AMF)	15
European Union/IDA (EU/IDA)	9
Central Bank of West African States (BCEAO)	7
Nordic Investment Bank (NIB)	4
East African Development Bank (EADB)	0
Banque des Etats de l’Afrique Centrale (BDEAC)	4
Asian Development Bank (AsDB)	1
Have not indicated intentions to provide relief under the HIPC Initiative	82
Banque des Etats de l’Afrique Centrale (BEAC)	40
Economic Community of West African States (ECOWAS)	17
Eastern and Southern African Trade and Development Bank (PTA Bank)	10
Banque de Development des Etats des Grands Lacs (BDEGL)	8
Conseil de L’Entente (FEGECE)	3
Fondo Centroamericano de Estabilización Monetaria (FOCEM)	2
Fund for Solidarity and Economc Development (FSID)	1
Arab Petroleum Investment Corporation (APICORP)	0

Sources: HIPC documents; HIPC authorities; and World Bank staff estimates.

Table 4

HIPC Initiative: Estimates of Costs to Multilateral Creditors and Status of Their Commitments

(In millions of U.S. dollars, in 2005 NPV terms)

Creditors	Cost of Providing HIPC Relief
Creditors	29 countries
Total	20,731
Delivering or committed to deliver debt relief to the 29 decision point countries ^1/	20,649
World Bank Group	9,785
African Development Bank (AfDB)	3,514
International Monetary Fund (IMF)	3,103
Inter-American Development Bank (IaDB)	1,391
European Union/European Investment Bank (EU/EIB)	838
Central American Bank for Economic Integration (CABEI)	634
International Fund for Agricultural Development (IFAD)	340
Arab Bank for Economic Development in Africa (BADEA)	244
OPEC Fund for International Development	200
Islamic Development Bank (IsDB)	155
Corporación Andina de Fomento (CAF)	117
Arab Fund for Social and Economic Development (AFESD)	79
Caricom Multilateral Clearing Facility (CMCF)	72
West African Development Bank (BOAD)	55
Fund for the Financial Development of the River Plate Basin (FONPLATA)	31
Nordic Development Fund (NDF)	28
Caribbean Development Bank (CDB)	21
Arab Monetary Fund (AMF)	15
European Union/IDA (EU/IDA)	9
Central Bank of West African States (BCEAO)	7
Nordic Investment Bank (NIB)	4
East African Development Bank (EADB)	0
Banque des Etats de l’Afrique Centrale (BDEAC)	4
Asian Development Bank (AsDB)	1
Have not indicated intentions to provide relief under the HIPC Initiative	82
Banque des Etats de l’Afrique Centrale (BEAC)	40
Economic Community of West African States (ECOWAS)	17
Eastern and Southern African Trade and Development Bank (PTA Bank)	10
Banque de Development des Etats des Grands Lacs (BDEGL)	8
Conseil de L’Entente (FEGECE)	3
Fondo Centroamericano de Estabilización Monetaria (FOCEM)	2
Fund for Solidarity and Economc Development (FSID)	1
Arab Petroleum Investment Corporation (APICORP)	0

Sources: HIPC documents; HIPC authorities; and World Bank staff estimates.

Table 5A

HIPC Initiative: Status of Delivery of Assistance by the World Bank

(In millions of U.S. dollars as of February 1, 2006)

Sources: HIPC country documents; and World Bank staff estimates.

Assistance is considered as provided: i) at the effective date of the purchase of IDA credits, provision of IDA grants or prepayment of IBRD loans; and ii) at the due date in the case of debt service reduction.

Figures are from the respective completion point documents, they include the reduction in interest payments associated with the cancellation of loans and the provision of grants instead loans. Assistance provided through the reduction of the debt service to IDA, unless otherwise indicated.

Assistance provided through the purchase by the HIPC Trust Fund of selected IDA credits.

Assistance provided through the purchase by the HIPC Trust Fund of selected IDA credits and the reduction of the debt service to IDA.

Assistance provided through the provision of IDA grants; the purchase by the HIPC Trust Fund of selected IDA credits and the reduction of the debt service to IDA.

Unless otherwise indicated, assistance to be provided through the reduction of the debt service to IDA.

Includes topping-up assistance.

Since it reached the decision point in March 2006, the Republic of Congo had received no relief as of February 1, 2006.

Corresponds to the assistance provided through the reduction of debt service payments to IDA on the disbursed and outstanding debt as of end-2002, which would provide a relief of US$597 million in NPV terms. The remaining US$223 million in NPV terms needed to cover the World Bank share of assistance was provided through the clearance of arrears.

Table 5A

HIPC Initiative: Status of Delivery of Assistance by the World Bank

(In millions of U.S. dollars as of February 1, 2006)

Member	Decision Point	Completion Point	Total Committed Debt Service Reduction	Debt Service Reduction Delivered ^1/	Debt Service Reduction Delivered (In percent of total committed reduction)
Under the Original HIPC Initiative ^2/
Bolivia	Sep. 1997	Sep. 1998	65.4	65.4	100.0
Burkina Faso ^3/	Sep. 1997	Jul. 2000	182.8	182.8	100.0
Guyana ^3/	Dec. 1997	May. 1999	60.8	60.8	100.0
Mali ^4/	Sep. 1998	Sep. 2000	78.6	78.6	100.0
Mozambique ^5/	Apr. 1998	Jun. 1999	975.0	975.0	100.0
Uganda ^5/	Apr. 1997	Apr. 1998	354.5	354.5	100.0
Total Original HIPC			1,717.0	1,717.0	100.0
Under the Enhanced HIPC Initiative ^6/
Benin	Jul. 2000	Mar. 2003	124.3	40.7	32.8
Bolivia	Feb. 2000	Jun. 2001	221.8	49.4	22.3
Burkina Faso ^7/	Jul. 2000	Apr. 2002	236.7	46.4	19.6
Burundi	Aug. 2005	Floating	782.5	3.7	0.5
Cameroon	Oct. 2000	Floating	265.6	63.9	24.1
Chad	May. 2001	Floating	106.7	26.0	24.4
Congo, Republic ^8/	Mar. 2006	Floating	70.7	0.0	0.0
Congo, Dem. Rep. Of ^9/	Jul. 2003	Floating	1,031.2	82.3	8.0
Ethiopia ^7/	Nov. 2001	Apr. 2004	1,278.4	146.7	11.5
Gambia, The	Dec. 2000	Floating	31.8	9.1	28.6
Ghana	Feb. 2002	Jul. 2004	1,445.7	185.3	12.8
Guinea	Dec. 2000	Floating	233.6	60.9	26.1
Guinea Bissau	Dec. 2000	Floating	179.6	26.2	14.6
Guyana	Nov. 2000	Dec. 2003	72.0	11.7	16.3
Honduras	Jun. 2000	Apr. 2005	107.7	44.4	41.3
Madagascar	Dec. 2000	Oct. 2004	444.4	83.9	18.9
Malawi	Dec. 2000	Floating	588.5	104.2	17.7
Mali	Sep. 2000	Mar. 2003	213.2	61.2	28.7
Mauritania	Feb. 2000	Jun. 2002	172.8	36.3	21.0
Mozambique	Apr. 2000	Sep. 2001	80.1	41.1	51.4
Nicaragua	Dec. 2000	Jan. 2004	382.6	46.0	12.0
Niger ^7/	Dec. 2000	Apr. 2004	408.7	58.9	14.4
Rwanda ^7/	Dec. 2000	Apr. 2005	709.0	74.4	10.5
São Tomé and Príncipe	Dec. 2000	Floating	44.9	6.3	14.1
Senegal	Jun. 2000	Apr. 2004	163.9	72.8	44.4
Sierra Leone	Mar. 2002	Floating	229.9	29.9	13.0
Tanzania	Apr. 2000	Nov. 2001	1,157.1	253.8	21.9
Uganda	Feb. 2000	May. 2000	629.1	109.5	17.4
Zambia	Dec. 2000	Apr. 2005	885.2	132.2	14.9
Total Enhanced HIPC			12,297.7	1,907.3	15.5
Grand Total			14,014.8	3,624.3	25.9

Sources: HIPC country documents; and World Bank staff estimates.

Assistance provided through the purchase by the HIPC Trust Fund of selected IDA credits.

Assistance provided through the purchase by the HIPC Trust Fund of selected IDA credits and the reduction of the debt service to IDA.

Assistance provided through the provision of IDA grants; the purchase by the HIPC Trust Fund of selected IDA credits and the reduction of the debt service to IDA.

Unless otherwise indicated, assistance to be provided through the reduction of the debt service to IDA.

Includes topping-up assistance.

Since it reached the decision point in March 2006, the Republic of Congo had received no relief as of February 1, 2006.

Table 5A

HIPC Initiative: Status of Delivery of Assistance by the World Bank

(In millions of U.S. dollars as of February 1, 2006)

Member	Decision Point	Completion Point	Total Committed Debt Service Reduction	Debt Service Reduction Delivered ^1/	Debt Service Reduction Delivered (In percent of total committed reduction)
Under the Original HIPC Initiative ^2/
Bolivia	Sep. 1997	Sep. 1998	65.4	65.4	100.0
Burkina Faso ^3/	Sep. 1997	Jul. 2000	182.8	182.8	100.0
Guyana ^3/	Dec. 1997	May. 1999	60.8	60.8	100.0
Mali ^4/	Sep. 1998	Sep. 2000	78.6	78.6	100.0
Mozambique ^5/	Apr. 1998	Jun. 1999	975.0	975.0	100.0
Uganda ^5/	Apr. 1997	Apr. 1998	354.5	354.5	100.0
Total Original HIPC			1,717.0	1,717.0	100.0
Under the Enhanced HIPC Initiative ^6/
Benin	Jul. 2000	Mar. 2003	124.3	40.7	32.8
Bolivia	Feb. 2000	Jun. 2001	221.8	49.4	22.3
Burkina Faso ^7/	Jul. 2000	Apr. 2002	236.7	46.4	19.6
Burundi	Aug. 2005	Floating	782.5	3.7	0.5
Cameroon	Oct. 2000	Floating	265.6	63.9	24.1
Chad	May. 2001	Floating	106.7	26.0	24.4
Congo, Republic ^8/	Mar. 2006	Floating	70.7	0.0	0.0
Congo, Dem. Rep. Of ^9/	Jul. 2003	Floating	1,031.2	82.3	8.0
Ethiopia ^7/	Nov. 2001	Apr. 2004	1,278.4	146.7	11.5
Gambia, The	Dec. 2000	Floating	31.8	9.1	28.6
Ghana	Feb. 2002	Jul. 2004	1,445.7	185.3	12.8
Guinea	Dec. 2000	Floating	233.6	60.9	26.1
Guinea Bissau	Dec. 2000	Floating	179.6	26.2	14.6
Guyana	Nov. 2000	Dec. 2003	72.0	11.7	16.3
Honduras	Jun. 2000	Apr. 2005	107.7	44.4	41.3
Madagascar	Dec. 2000	Oct. 2004	444.4	83.9	18.9
Malawi	Dec. 2000	Floating	588.5	104.2	17.7
Mali	Sep. 2000	Mar. 2003	213.2	61.2	28.7
Mauritania	Feb. 2000	Jun. 2002	172.8	36.3	21.0
Mozambique	Apr. 2000	Sep. 2001	80.1	41.1	51.4
Nicaragua	Dec. 2000	Jan. 2004	382.6	46.0	12.0
Niger ^7/	Dec. 2000	Apr. 2004	408.7	58.9	14.4
Rwanda ^7/	Dec. 2000	Apr. 2005	709.0	74.4	10.5
São Tomé and Príncipe	Dec. 2000	Floating	44.9	6.3	14.1
Senegal	Jun. 2000	Apr. 2004	163.9	72.8	44.4
Sierra Leone	Mar. 2002	Floating	229.9	29.9	13.0
Tanzania	Apr. 2000	Nov. 2001	1,157.1	253.8	21.9
Uganda	Feb. 2000	May. 2000	629.1	109.5	17.4
Zambia	Dec. 2000	Apr. 2005	885.2	132.2	14.9
Total Enhanced HIPC			12,297.7	1,907.3	15.5
Grand Total			14,014.8	3,624.3	25.9

Sources: HIPC country documents; and World Bank staff estimates.

Assistance provided through the purchase by the HIPC Trust Fund of selected IDA credits.

Assistance provided through the purchase by the HIPC Trust Fund of selected IDA credits and the reduction of the debt service to IDA.

Assistance provided through the provision of IDA grants; the purchase by the HIPC Trust Fund of selected IDA credits and the reduction of the debt service to IDA.

Unless otherwise indicated, assistance to be provided through the reduction of the debt service to IDA.

Includes topping-up assistance.

Since it reached the decision point in March 2006, the Republic of Congo had received no relief as of February 1, 2006.

Table 5B

HIPC Initiative: Estimated Delivery of World Bank Assistance, 2000-10

(In millions of U.S. dollars)

Sources: HIPC country documents; and World Bank staff estimates.

From 2000 to 2005, information corresponds to debt service actually paid to the World Bank. Debt service after 2005 are based on stocks as of end-June 2005.

Debt service before the purchase of IDA credits.

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.

From 2000 to 2005, figures correspond to actual debt relief received.

Figures from the Completion Point Document under the original HIPC.

Corresponds to the assistance provided through the reduction of debt service payments to IDA on the disbursed and outstanding debt as of end-2002, including the assistance delivered through concessional financing of the bridge loan to clear arrears.

These numbers differ from those in the 2nd completion point document, as a new schedule of delivery was approved at end-

Weighted by each country’s share in total debt service before HIPC.

Table 5B

HIPC Initiative: Estimated Delivery of World Bank Assistance, 2000-10

(In millions of U.S. dollars)

	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010
Debt service before HIPC relief^1/
Benin	10	12	14	16	18	21	21	22	23	24	26
Bolivia	31	21	23	27	32	28	36	38	43	48	51
Burkina Faso	13	14	19	21	24	27	28	29	29	29	30
Burundi	13	14	16	19	19	21	22	22	24	25	27
Cameroon	87	80	69	59	60	57	50	39	40	41	40
Chad	8	11	11	12	17	14	17	18	20	22	25
Congo, Republic of	5	80	12	11	9	7	7	7	7	7	7
Congo, Dem. Rep. of	-	-	353	37	40	43	47	51	53	54	54
Ethiopia	34	36	42	54	63	70	72	74	88	93	94
Gambia, The	4	4	4	5	5	6	6	7	7	8	8
Ghana	56	63	65	76	87	97	102	109	116	124	130
Guinea	18	21	22	26	27	31	33	34	38	41	44
Guinea-Bissau	5	5	5	6	7	7	8	8	9	10	10
Guyana	8	8	8	8	8	7	8	8	8	8	9
Honduras	56	46	45	45	40	28	25	26	26	31	32
Madagascar	27	29	32	37	42	46	50	54	60	63	68
Malawi	36	35	36	42	47	50	53	56	58	64	66
Mali ^2/	20	23	25	28	33	36	38	41	43	45	47
Mauritania	9	9	10	11	13	14	15	16	18	19	21
Mozambique	19	22	24	27	30	33	35	36	38	41	46
Nicaragua	12	12	10	12	15	18	19	19	21	24	26
Niger	14	14	15	17	20	22	25	28	30	31	31
Rwanda	11	14	16	19	21	23	24	25	26	28	29
São Tomé and Príncipe	1	1	1	2	2	2	2	2	2	2	2
Senegal	27	29	31	35	39	44	47	51	57	60	66
Sierra Leone	4	5	6	9	11	13	13	13	13	13	14
Tanzania	57	61	68	78	89	91	92	99	102	106	119
Uganda	29	34	42	53	65	73	71	75	80	84	92
Zambia	27	33	35	43	45	50	54	58	60	64	67
TOTAL	643	732	1,060	835	929	978	1,020	1,065	1,138	1,211	1,283
Debt service after HIPC relief
Benin	8	6	7	9	11	12	12	13	14	15	16
Bolivia
after: original HIPC relief	13	-	17	27	32	28	36	38	43	48	51
enhanced HIPC relief	13	-	8	14	18	14	21	22	25	29	31
Burkina Faso
after: original HIPC relief	10	8	13	16	18	21	22	23	23	22	23
enhanced HIPC relief	7	1	6	9	9	12	13	14	15	13	13
topping up	7	1	6	9	9	12	13	14	15	13	13
Burundi	13	14	16	19	19	11	1	1	1	1	1
Cameroon	87	74	41	30	14	16	21	21	23	32	37
Chad	8	7	6	7	11	8	10	11	12	13	15
Congo, Republic of							4	3	3	3	3
Congo, Dem. Rep. of	-	-	25	12	7	9	10	11	11	11	11
Ethiopia	34	35	17	26	32	37	37	39	47	50	51
topping up	34	35	17	26	21	13	12	12	17	18	18
Gambia, The	4	2	2	2	3	3	3	4	4	5	5
Ghana	56	63	32	31	39	44	45	49	52	56	59
Guinea	18	10	11	14	14	17	18	19	21	23	25
Guinea-Bissau	4	0	0	1	1	1	2	2	2	2	3
Guyana
after: original HIPC relief	6	6	7	7	6	5	6	6	6	6	7
enhanced HIPC relief	6	4	5	4	4	3	3	3	3	3	4
Honduras	51	27	33	45	40	23	16	16	17	19	20
Madagascar	27	14	16	20	24	27	29	32	36	39	42
Malawi	36	18	18	22	25	26	27	29	30	34	36
Mali
after: original HIPC relief	16	19	21	24	29	33	35	38	39	41	43
enhanced HIPC relief	14	9	10	13	17	19	20	22	23	25	26
Mauritania	5	3	4	5	6	7	7	8	9	10	12
Mozambique
after: original HIPC relief	9	11	12	13	14	14	15	16	16	18	22
enhanced HIPC relief	5	6	6	5	5	4	6	5	5	15	22
Nicaragua	12	6	2	3	5	6	6	6	7	9	11
Niger	14	4	5	7	8	10	12	13	14	14	15
topping up	14	4	5	7	6	7	8	8	9	9	9
Rwanda	11	1	2	4	5	9	11	11	12	12	13
topping up	11	1	2	4	5	5	3	3	3	3	3
São Tomé and Príncipe	1	0	0	0	0	0	0	0	0	0	0
Senegal	22	15	16	24	29	26	28	31	35	38	61
Sierra Leone	4	5	2	2	3	3	3	4	4	4	4
Debt service after HIPC relief
Tanzania	29	22	25	32	41	42	43	46	48	49	60
Uganda ^3/	16	17	32	47	87	101	97	103	110	117	130
after: original HIPC relief	13	14	23	33	57	65	63	67	71	75	83
enhanced HIPC relief	4	3	9	14	30	36	34	36	39	42	47
Zambia	27	14	13	17	16	16	16	18	20	22	26
*TOTAL*	520	365	337	391	422	419	427	455	492	550	629
World Bank debt relief ^4/
Benin	3	6	7	8	8	8	9	9	9	10	10
Bolivia	18	21	15	13	13	14	15	16	18	19	20
of which: original HIPC^5/	18	21	6
enhanced HIPC		0	9	13	13	14	15	16	18	19	20
Burkina Faso	6	13	13	14	15	16	16	16	17	18	18
of which: original HIPC^5/	3	6	6	6	6	6	6	6	6	7	7
enhanced HIPC	3	7	7	7	9	9	9	9	9	9	10
topping up				1	1	1	2	2	2	2	1
Burundi						10	21	21	23	24	26
Cameroon		6	28	29	46	40	28	18	17	9	2
Chad		3	5	5	6	6	7	7	8	9	9
Congo, Republic of							3	4	4	4	4
Congo, Dem. Rep. of ^6/			329	25	32	34	37	40	42	43	43
Ethiopia		1	25	29	43	57	60	62	71	75	76
enhanced HIPC		1	25	29	31	33	35	36	41	43	44
topping up					11	24	26	27	30	32	33
Gambia, The		2	2	2	2	2	3	3	3	3	3
Ghana			33	45	49	53	57	60	64	68	71
Guinea		11	11	12	13	13	14	15	16	18	19
Guinea-Bissau	1	4	4	5	6	6	6	6	7	7	8
Guyana	1	4	4	4	4	5	5	5	5	5	5
of which: original HIPC^5/	1	2	2	2	2	2	2	2	2	2	2
enhanced HIPC	0	2	2	2	3	3	3	3	3	3	3
Honduras	6	19	12			5	10	10	10	12	12
Madagascar		15	16	16	17	19	20	22	24	25	25
Malawi		17	19	21	23	23	26	27	28	30	31
Mali	6	13	14	15	16	17	18	19	19	20	20
of which: original HIPC^5/	4	4	4	4	4	4	4	4	4	4	3
enhanced HIPC	2	10	11	11	12	14	15	15	16	16	17
Mauritania	5	6	6	6	7	7	8	8	9	9	9
Mozambique	14	16	18	22	25	29	29	31	33	26	24
of which: original HIPC^5/	11	11	13	14	16	19	19	20	22	23	24
enhanced HIPC ^7/	3	5	5	8	9	10	10	11	12	3
Nicaragua		6	8	8	10	12	13	13	14	15	15
Niger		9	10	10	14	15	18	19	21	21	21
enhanced HIPC		9	10	10	12	12	14	15	16	16	16
topping up					2	3	4	5	5	5	5
Rwanda		12	14	15	16	17	21	22	23	25	26
enhanced HIPC		12	14	15	16	14	13	14	15	16	16
topping up						4	8	8	9	10	10
São Tomé and Príncipe		1	1	1	1	1	1	2	2	2	2
Senegal	5	14	15	11	11	18	19	20	22	23	6
Sierra Leone			4	7	8	9	10	10	10	10	10
Tanzania	28	39	43	46	48	49	50	53	54	57	59
Uganda	25	31	33	39	35	37	37	38	41	42	45
of which: original HIPC^5/	17	20	20	20	8	8	8	8	9	9	9
enhanced HIPC	9	11	14	20	27	29	29	30	32	33	36
Zambia		19	22	26	29	34	38	40	40	42	41
*TOTAL*	117	288	711	434	499	557	595	613	650	665	659
Memorandum item
*Average Annual Debt Service*
*Reduction ^8/*	*18%*	*39%*	*67%*	*52%*	*54%*	*57%*	*58%*	*58%*	*57%*	*55%*	*51%*

Sources: HIPC country documents; and World Bank staff estimates.

From 2000 to 2005, information corresponds to debt service actually paid to the World Bank. Debt service after 2005 are based on stocks as of end-June 2005.

Debt service before the purchase of IDA credits.

From 2000 to 2005, figures correspond to actual debt relief received.

Figures from the Completion Point Document under the original HIPC.

These numbers differ from those in the 2nd completion point document, as a new schedule of delivery was approved at end-

Weighted by each country’s share in total debt service before HIPC.

Table 5B

HIPC Initiative: Estimated Delivery of World Bank Assistance, 2000-10

(In millions of U.S. dollars)

	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010
Debt service before HIPC relief^1/
Benin	10	12	14	16	18	21	21	22	23	24	26
Bolivia	31	21	23	27	32	28	36	38	43	48	51
Burkina Faso	13	14	19	21	24	27	28	29	29	29	30
Burundi	13	14	16	19	19	21	22	22	24	25	27
Cameroon	87	80	69	59	60	57	50	39	40	41	40
Chad	8	11	11	12	17	14	17	18	20	22	25
Congo, Republic of	5	80	12	11	9	7	7	7	7	7	7
Congo, Dem. Rep. of	-	-	353	37	40	43	47	51	53	54	54
Ethiopia	34	36	42	54	63	70	72	74	88	93	94
Gambia, The	4	4	4	5	5	6	6	7	7	8	8
Ghana	56	63	65	76	87	97	102	109	116	124	130
Guinea	18	21	22	26	27	31	33	34	38	41	44
Guinea-Bissau	5	5	5	6	7	7	8	8	9	10	10
Guyana	8	8	8	8	8	7	8	8	8	8	9
Honduras	56	46	45	45	40	28	25	26	26	31	32
Madagascar	27	29	32	37	42	46	50	54	60	63	68
Malawi	36	35	36	42	47	50	53	56	58	64	66
Mali ^2/	20	23	25	28	33	36	38	41	43	45	47
Mauritania	9	9	10	11	13	14	15	16	18	19	21
Mozambique	19	22	24	27	30	33	35	36	38	41	46
Nicaragua	12	12	10	12	15	18	19	19	21	24	26
Niger	14	14	15	17	20	22	25	28	30	31	31
Rwanda	11	14	16	19	21	23	24	25	26	28	29
São Tomé and Príncipe	1	1	1	2	2	2	2	2	2	2	2
Senegal	27	29	31	35	39	44	47	51	57	60	66
Sierra Leone	4	5	6	9	11	13	13	13	13	13	14
Tanzania	57	61	68	78	89	91	92	99	102	106	119
Uganda	29	34	42	53	65	73	71	75	80	84	92
Zambia	27	33	35	43	45	50	54	58	60	64	67
TOTAL	643	732	1,060	835	929	978	1,020	1,065	1,138	1,211	1,283
Debt service after HIPC relief
Benin	8	6	7	9	11	12	12	13	14	15	16
Bolivia
after: original HIPC relief	13	-	17	27	32	28	36	38	43	48	51
enhanced HIPC relief	13	-	8	14	18	14	21	22	25	29	31
Burkina Faso
after: original HIPC relief	10	8	13	16	18	21	22	23	23	22	23
enhanced HIPC relief	7	1	6	9	9	12	13	14	15	13	13
topping up	7	1	6	9	9	12	13	14	15	13	13
Burundi	13	14	16	19	19	11	1	1	1	1	1
Cameroon	87	74	41	30	14	16	21	21	23	32	37
Chad	8	7	6	7	11	8	10	11	12	13	15
Congo, Republic of							4	3	3	3	3
Congo, Dem. Rep. of	-	-	25	12	7	9	10	11	11	11	11
Ethiopia	34	35	17	26	32	37	37	39	47	50	51
topping up	34	35	17	26	21	13	12	12	17	18	18
Gambia, The	4	2	2	2	3	3	3	4	4	5	5
Ghana	56	63	32	31	39	44	45	49	52	56	59
Guinea	18	10	11	14	14	17	18	19	21	23	25
Guinea-Bissau	4	0	0	1	1	1	2	2	2	2	3
Guyana
after: original HIPC relief	6	6	7	7	6	5	6	6	6	6	7
enhanced HIPC relief	6	4	5	4	4	3	3	3	3	3	4
Honduras	51	27	33	45	40	23	16	16	17	19	20
Madagascar	27	14	16	20	24	27	29	32	36	39	42
Malawi	36	18	18	22	25	26	27	29	30	34	36
Mali
after: original HIPC relief	16	19	21	24	29	33	35	38	39	41	43
enhanced HIPC relief	14	9	10	13	17	19	20	22	23	25	26
Mauritania	5	3	4	5	6	7	7	8	9	10	12
Mozambique
after: original HIPC relief	9	11	12	13	14	14	15	16	16	18	22
enhanced HIPC relief	5	6	6	5	5	4	6	5	5	15	22
Nicaragua	12	6	2	3	5	6	6	6	7	9	11
Niger	14	4	5	7	8	10	12	13	14	14	15
topping up	14	4	5	7	6	7	8	8	9	9	9
Rwanda	11	1	2	4	5	9	11	11	12	12	13
topping up	11	1	2	4	5	5	3	3	3	3	3
São Tomé and Príncipe	1	0	0	0	0	0	0	0	0	0	0
Senegal	22	15	16	24	29	26	28	31	35	38	61
Sierra Leone	4	5	2	2	3	3	3	4	4	4	4
Debt service after HIPC relief
Tanzania	29	22	25	32	41	42	43	46	48	49	60
Uganda ^3/	16	17	32	47	87	101	97	103	110	117	130
after: original HIPC relief	13	14	23	33	57	65	63	67	71	75	83
enhanced HIPC relief	4	3	9	14	30	36	34	36	39	42	47
Zambia	27	14	13	17	16	16	16	18	20	22	26
*TOTAL*	520	365	337	391	422	419	427	455	492	550	629
World Bank debt relief ^4/
Benin	3	6	7	8	8	8	9	9	9	10	10
Bolivia	18	21	15	13	13	14	15	16	18	19	20
of which: original HIPC^5/	18	21	6
enhanced HIPC		0	9	13	13	14	15	16	18	19	20
Burkina Faso	6	13	13	14	15	16	16	16	17	18	18
of which: original HIPC^5/	3	6	6	6	6	6	6	6	6	7	7
enhanced HIPC	3	7	7	7	9	9	9	9	9	9	10
topping up				1	1	1	2	2	2	2	1
Burundi						10	21	21	23	24	26
Cameroon		6	28	29	46	40	28	18	17	9	2
Chad		3	5	5	6	6	7	7	8	9	9
Congo, Republic of							3	4	4	4	4
Congo, Dem. Rep. of ^6/			329	25	32	34	37	40	42	43	43
Ethiopia		1	25	29	43	57	60	62	71	75	76
enhanced HIPC		1	25	29	31	33	35	36	41	43	44
topping up					11	24	26	27	30	32	33
Gambia, The		2	2	2	2	2	3	3	3	3	3
Ghana			33	45	49	53	57	60	64	68	71
Guinea		11	11	12	13	13	14	15	16	18	19
Guinea-Bissau	1	4	4	5	6	6	6	6	7	7	8
Guyana	1	4	4	4	4	5	5	5	5	5	5
of which: original HIPC^5/	1	2	2	2	2	2	2	2	2	2	2
enhanced HIPC	0	2	2	2	3	3	3	3	3	3	3
Honduras	6	19	12			5	10	10	10	12	12
Madagascar		15	16	16	17	19	20	22	24	25	25
Malawi		17	19	21	23	23	26	27	28	30	31
Mali	6	13	14	15	16	17	18	19	19	20	20
of which: original HIPC^5/	4	4	4	4	4	4	4	4	4	4	3
enhanced HIPC	2	10	11	11	12	14	15	15	16	16	17
Mauritania	5	6	6	6	7	7	8	8	9	9	9
Mozambique	14	16	18	22	25	29	29	31	33	26	24
of which: original HIPC^5/	11	11	13	14	16	19	19	20	22	23	24
enhanced HIPC ^7/	3	5	5	8	9	10	10	11	12	3
Nicaragua		6	8	8	10	12	13	13	14	15	15
Niger		9	10	10	14	15	18	19	21	21	21
enhanced HIPC		9	10	10	12	12	14	15	16	16	16
topping up					2	3	4	5	5	5	5
Rwanda		12	14	15	16	17	21	22	23	25	26
enhanced HIPC		12	14	15	16	14	13	14	15	16	16
topping up						4	8	8	9	10	10
São Tomé and Príncipe		1	1	1	1	1	1	2	2	2	2
Senegal	5	14	15	11	11	18	19	20	22	23	6
Sierra Leone			4	7	8	9	10	10	10	10	10
Tanzania	28	39	43	46	48	49	50	53	54	57	59
Uganda	25	31	33	39	35	37	37	38	41	42	45
of which: original HIPC^5/	17	20	20	20	8	8	8	8	9	9	9
enhanced HIPC	9	11	14	20	27	29	29	30	32	33	36
Zambia		19	22	26	29	34	38	40	40	42	41
*TOTAL*	117	288	711	434	499	557	595	613	650	665	659
Memorandum item
*Average Annual Debt Service*
*Reduction ^8/*	*18%*	*39%*	*67%*	*52%*	*54%*	*57%*	*58%*	*58%*	*57%*	*55%*	*51%*

Sources: HIPC country documents; and World Bank staff estimates.

From 2000 to 2005, information corresponds to debt service actually paid to the World Bank. Debt service after 2005 are based on stocks as of end-June 2005.

Debt service before the purchase of IDA credits.

From 2000 to 2005, figures correspond to actual debt relief received.

Figures from the Completion Point Document under the original HIPC.

These numbers differ from those in the 2nd completion point document, as a new schedule of delivery was approved at end-

Weighted by each country’s share in total debt service before HIPC.

Table 6A

HIPC Initiative: Status of Commitments by the IMF

(In millions of SDRs; as of March 8, 2006)

Includes interest on amounts committed under the Enhanced HIPC Initiative.

Equivalent to the committed amount of US $22.5 million at decision point exchange rates (3/17/98).

Amount committed is equivalent to the remaining balance of the total IMF HIPC assistance of SDR 337.9 million, after deducting SDR 109.6 million representing the concessional element associated with the disbursement of a PRGF loan following the Democratic Republic of Congo’s clearance of arrears to the IMF on June 12, 2002. arrears to the IMF on June 12, 2002.

At the time of its decision point, São Tomé and Príncipe did not have any eligible debt to the IMF.

Table 6A

HIPC Initiative: Status of Commitments by the IMF

(In millions of SDRs; as of March 8, 2006)

Member	Decision Point	Completion Point	Amount Committed	Amount Disbursed ^1/
Under the Original HIPC Initiative
Bolivia	Sep. 1997	Sep.1998	21.2	21.2
Burkina Faso	Sep. 1997	Jul. 2000	16.3	16.3
Cote d’Ivoire ^2/	Mar. 1998	--	16.7	--
Guyana	Dec. 1997	May. 1999	25.6	25.6
Mali	Sep. 1998	Sep. 2000	10.8	10.8
Mozambique	Apr. 1998	Jun. 1999	93.2	93.2
Uganda	Apr. 1997	Apr. 1998	51.5	51.5
Total Original HIPC			235.3	218.6
Under the Enhanced HIPC Initiative
Benin	Jul. 2000	Mar. 2003	18.4	20.1
Bolivia	Feb. 2000	Jun. 2001	41.1	44.2
Burkina Faso	Jul. 2000	Apr. 2002	27.7	29.7
Burundi	Aug. 2005	Floating	19.3	0.1
Cameroon	Oct. 2000	Floating	28.5	11.3
Chad	May. 2001	Floating	14.3	8.6
Congo, Dem. Rep. of ^3/	Jul. 2003	Floating	228.3	3.4
Congo, Rep. of	Mar. 2006	Floating	5.6	--
Ethiopia	Nov. 2001	Apr. 2004	45.1	46.7
Gambia, The	Dec. 2000	Floating	1.8	0.1
Ghana	Feb. 2002	Jul. 2004	90.1	94.3
Guinea	Dec. 2000	Floating	24.2	5.2
Guinea-Bissau	Dec. 2000	Floating	9.2	0.5
Guyana	Nov. 2000	Dec. 2003	31.1	34.0
Honduras	Jun. 2000	Apr. 2005	22.7	26.4
Madagascar	Dec. 2000	Oct. 2004	14.7	16.4
Malawi	Dec. 2000	Floating	23.1	11.6
Mali	Sep. 2000	Mar. 2003	34.7	38.5
Mauritania	Feb. 2000	Jun. 2002	34.8	38.4
Mozambique	Apr. 2000	Sep. 2001	13.7	14.8
Nicaragua	Dec. 2000	Jan. 2004	63.5	71.2
Niger	Dec. 2000	Apr. 2004	31.2	34.0
Rwanda	Dec. 2000	Apr. 2005	46.8	50.6
São Tomé and Príncipe ^4/	Dec. 2000	Floating	--	--
Senegal	Jun. 2000	Apr. 2004	33.8	38.4
Sierra Leone	Mar. 2002	Floating	98.5	66.0
Tanzania	Apr. 2000	Nov. 2001	89.0	96.4
Uganda	Feb. 2000	May. 2000	68.1	70.2
Zambia	Dec. 2000	Apr. 2005	468.8	508.3
Total Enhanced HIPC			1,628.1	1,379.1
Grand Total			1,863.4	1,597.7

Includes interest on amounts committed under the Enhanced HIPC Initiative.

Equivalent to the committed amount of US $22.5 million at decision point exchange rates (3/17/98).

At the time of its decision point, São Tomé and Príncipe did not have any eligible debt to the IMF.

Table 6A

HIPC Initiative: Status of Commitments by the IMF

(In millions of SDRs; as of March 8, 2006)

Member	Decision Point	Completion Point	Amount Committed	Amount Disbursed ^1/
Under the Original HIPC Initiative
Bolivia	Sep. 1997	Sep.1998	21.2	21.2
Burkina Faso	Sep. 1997	Jul. 2000	16.3	16.3
Cote d’Ivoire ^2/	Mar. 1998	--	16.7	--
Guyana	Dec. 1997	May. 1999	25.6	25.6
Mali	Sep. 1998	Sep. 2000	10.8	10.8
Mozambique	Apr. 1998	Jun. 1999	93.2	93.2
Uganda	Apr. 1997	Apr. 1998	51.5	51.5
Total Original HIPC			235.3	218.6
Under the Enhanced HIPC Initiative
Benin	Jul. 2000	Mar. 2003	18.4	20.1
Bolivia	Feb. 2000	Jun. 2001	41.1	44.2
Burkina Faso	Jul. 2000	Apr. 2002	27.7	29.7
Burundi	Aug. 2005	Floating	19.3	0.1
Cameroon	Oct. 2000	Floating	28.5	11.3
Chad	May. 2001	Floating	14.3	8.6
Congo, Dem. Rep. of ^3/	Jul. 2003	Floating	228.3	3.4
Congo, Rep. of	Mar. 2006	Floating	5.6	--
Ethiopia	Nov. 2001	Apr. 2004	45.1	46.7
Gambia, The	Dec. 2000	Floating	1.8	0.1
Ghana	Feb. 2002	Jul. 2004	90.1	94.3
Guinea	Dec. 2000	Floating	24.2	5.2
Guinea-Bissau	Dec. 2000	Floating	9.2	0.5
Guyana	Nov. 2000	Dec. 2003	31.1	34.0
Honduras	Jun. 2000	Apr. 2005	22.7	26.4
Madagascar	Dec. 2000	Oct. 2004	14.7	16.4
Malawi	Dec. 2000	Floating	23.1	11.6
Mali	Sep. 2000	Mar. 2003	34.7	38.5
Mauritania	Feb. 2000	Jun. 2002	34.8	38.4
Mozambique	Apr. 2000	Sep. 2001	13.7	14.8
Nicaragua	Dec. 2000	Jan. 2004	63.5	71.2
Niger	Dec. 2000	Apr. 2004	31.2	34.0
Rwanda	Dec. 2000	Apr. 2005	46.8	50.6
São Tomé and Príncipe ^4/	Dec. 2000	Floating	--	--
Senegal	Jun. 2000	Apr. 2004	33.8	38.4
Sierra Leone	Mar. 2002	Floating	98.5	66.0
Tanzania	Apr. 2000	Nov. 2001	89.0	96.4
Uganda	Feb. 2000	May. 2000	68.1	70.2
Zambia	Dec. 2000	Apr. 2005	468.8	508.3
Total Enhanced HIPC			1,628.1	1,379.1
Grand Total			1,863.4	1,597.7

Includes interest on amounts committed under the Enhanced HIPC Initiative.

Equivalent to the committed amount of US $22.5 million at decision point exchange rates (3/17/98).

At the time of its decision point, São Tomé and Príncipe did not have any eligible debt to the IMF.

Table 6B

HIPC Initiative: Estimated Delivery of IMF Assistance, 1999-2011 ^1/

(In millions of U.S. dollars; as of March 8, 2006)

Sources: Staff estimates and HIPC country documents.

Under Original and Enhanced HIPC Initiative.

No projections for countries which benefited from the first phase of the Multilateral Debt Relief Initiative. For other HIPC members, projections are based on credit outstanding as of end-December 2005.

The figures for 1998-2002 shown in the table represent actual payments made by the DRC to the IMF, including the settlement of its arrears on June 12, 2002.

For 2007-09, projected IMF assistance is less than SDR 50,000.

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.

Table 6B

HIPC Initiative: Estimated Delivery of IMF Assistance, 1999-2011 ^1/

(In millions of U.S. dollars; as of March 8, 2006)

	Actual							Projections ^2/
	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
IMF debt service before HIPC relief
Benin	17	14	16	16	16	12	8	…	…	…	…	…	…
Bolivia	34	31	32	30	30	40	55	…	…	…	…	…	…
Burkina Faso	6	11	15	15	18	19	16	…	…	…	…	…	…
Burundi	8	6	6	3	1	29	1	1	1	1	5	10	13
Cameroon	20	21	5	3	12	26	37	48	54	49	39	29	18
Chad	5	2	4	8	10	13	14	14	13	12	11	10	7
Congo, Dem. Rep. of ^3/	3	0	0	570	5	6	12	7	66	128	142	153	160
Congo, Rep. of ^4/	6	1	3	10	9	12	12	4	0	0	0	3	5
Ethiopia ^5/	7	12	14	15	16	13	13	…	…	…	…	…	…
Gambia, The	4	2	1	0	0	10	2	4	4	5	4	3	1
Ghana	72	39	68	17	22	40	49	…	…	…	…	…	…
Guinea	8	9	13	13	16	18	24	18	19	16	12	10	6
Guinea Bissau	1	1	1	2	5	5	3	3	3	2	1	1	0
Guyana	22	26	17	17	17	18	16	…	…	…	…	…	…
Guyana	22	26	17	17	17	18	16	…	…	…	…	…	…	…
Honduras	7	10	14	44	41	15	26	…	…	…	…	…	…	…
Madagascar	13	6	3	5	8	8	12	…	…	…	…	…	…	…
Malawi	22	10	8	8	10	13	17	25	18	8	6	4	4	…
Mali	13	19	24	29	29	29	25	…	…	…

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Abstract

I. Guide to the Tables

A. Progress in Implementation (Table 1)

B. Summary of Costs (Tables 2, 3)5

C. Creditor Participation: Multilateral Creditors (Tables 4, 5A, 5B, 6A, 6B and 7)

B. Summary of Costs (Tables 2, 3)⁵