|LC Classifications||KF27 .B5368 2004|
|The Physical Object|
|Pagination||iii, 99 p. :|
|Number of Pages||99|
|LC Control Number||2004438532|
In , the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In , the Multilateral Debt Relief Initiative was established, which increased the level of debt relief provided to HIPCs. This book deals with the recent debt crises in developing countries and analyzes the design and implementation of the Heavily Indebted Poor Countries (HIPC) Initiative, by providing background concepts, pointing out the main drawbacks and suggesting a different approach to debt sustainability and debt relief by: 'The international financial institutions agreed to debt relief for the poorest countries, under pressure from the countries themselves and a vigorous NGO campaign. This extremely useful book provides in-depth analysis of the results of the debt relief contained in HIPC: they are positive, but small. This report reviews developments in the implementation of the Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). It also provides updates on debt service and poverty-reducing expenditure by beneficiary countries, as well as on.
In the IMF and the World Bank launched an initiative aimed at reducing the debt burden for some 41 heavily indebted poor countries (HIPC), whose total debts amount to about 10% of the Third World Debt. The list includes 33 countries in Sub-Saharan Africa. The Staff Report on Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update, prepared by IMF staff and completed on Ma The staff report was issued to the Executive Board for information. The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information. 38 rows The HIPC and related Multilateral Debt Relief Initiative (MDRI) programs have relieved 37 . What about debt relief under HIPC? The case of Zambia. Release Date: Nov The Heavily Indebted Poor Country initiative (HIPC) – the scheme through which rich lending nations extended some debt relief to the most indebted poor countries - resulted in much self-congratulation from wealthy contributors who praised their great generosity.
The Bank Group’s debt relief to Zambia during the interim period was US$ million in end NPV terms, equivalent to US$ million in nominal terms. This amount reached the 40 percent ceiling of interim debt relief delivered over total HIPC assistance approved at decision point. The rest of the debt relief would be provided by. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country’s policies and , the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral. This book draws links between the HIPC Initiative and the Millennium Development Goals, and argues that debt relief will only provide a fraction of the funds required for poverty reduction and to avoid another build-up of unsustainable debt. It also presents an analysis of the successes and failures of the HIPC Initiative and some suggestions. HIPC Debt Relief: Myths and Reality (Jan Joost Teunissen and Age Akkerman (eds.), Fondad, , book, pdf) HIPC Initiative University of Iowa Center for International Finance & Development.