Economic Policy and Debt - (HIPC) The Enhanced Heavily Indebted Poor Countries Initiative

(HIPC) The Enhanced Heavily Indebted Poor Countries Initiative


(HIPC) The Enhanced Heavily Indebted Poor Countries Initiative Overview History HIPC At-A-Glance - [English] [French] HIPC Countries FAQ Contact Us Started in 1996, the Initiative was enhanced in 1999 as an outcome of a comprehensive review by IDA and the IMF, including public consultations. The Initiative’s debt-burden thresholds were adjusted downward, which enabled a broader group of countries to qualify for larger volumes of debt relief. Moreover, a number of creditors, including the main multilaterals, started to provide earlier assistance to qualifying countries in the form of interim relief at decision point. Finally, the “floating completion point” was introduced, providing incentives to speed up reforms and increase country ownership. Featured 1 of 4 Progress on Debt Relief in HIPCs, but Challenges Remain Status of Implementation and Proposals for the Future of the HIPC Initiative, shows that 36 out of 40 HIPCs have reached the debt relief decision point. Read More » Report on HIPC and MDRI Initiatives Joint World Bank-IMF report shows significant progress in reducing the debt burdens of some of the world’s poorest countries. Read Report » Inclusive Growth Diagnostic Analysis Conference New approaches to determining country priorities. Nairobi, Kenya, September 2011. Read More » How Can We Regrow the Global Economy? In this new book, more than a dozen distinguished contributors scan the economic horizon, spell out the new fiscal reality, and highlight the policy choices on which economic regrowth will depend.Read More » Data and Statistics Steps of the HIPC Initiative (Guide) Steps of the HIPC Initiative (Flowchart) Summary of Debt Service and Poverty Reducing Expenditures Estimated Potential Costs: Main Creditors and Country Groups Estimated Potential Costs: Multilateral Creditors World Development Indicators Delivery of HPC Initiative Debt Relief by Non-Paris Club Official Bilateral Creditors Publications HIPC Assessments HIPC Preliminary HIPC Decision Point HIPC Completion Point HIPC Progress Policy Papers Related Topics Debt Relief and Development Debt Management and Sustainability DMF: Debt Management Facility MDRI: Multilateral Debt Relief Initiative