 The Heavily Indebted Poor Countries (HIPC) Initiative is the first international response to provide comprehensive debt relief to the world's poorest, most heavily indebted countries. The HIPC Initiative was launched by the World Bank and the IMF in 1996, and was further expanded in late 1998 (Enhanced HIPC Initiative).Under the HIPC Initiative, the World Bank and IMF Boards first decide whether or not a country is eligible for debt relief (decision point document). In a second step, all creditors (multilateral, bilateral, and commercial) commit debt relief to be delivered at a "floating" completion point. In between those steps, the country tries to implement the policies determined at the decision point (which are triggers to reaching the completion point). There are 34 Sub-Saharan Africa countries that qualify for support from the HIPC Initiative. For information on a specific country case, click on the name of the country below.
For more information about the HIPC Initiative, please refer to the HIPC website. |
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