Debt Relief Under the Hipc Initiative: Context and Outlook for Debt Sustainability and Resource Flow

2001 ◽  
Author(s):  
Lisandro Abrego ◽  
Doris Ross
Keyword(s):  
Debt Relief ◽  
Debt Sustainability ◽  
Resource Flow ◽  
Hipc Initiative

scholarly journals Somalia

2020 ◽  
Vol 20 (86) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Net Present Value ◽  
Debt Relief ◽  
Debt Management ◽  
Policy Framework ◽  
Low Income Countries ◽  
Debt Sustainability ◽  
Poor Countries ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative

This paper presents an assessment of Somalia’s eligibility for assistance under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The macroeconomic framework reflects the policy framework underlying the proposed three-year Fund-supported program. The debt relief analysis (DRA) remains largely unchanged, but some of the underlying debt data has been updated to reflect new information from creditors. In addition, this paper presents an assessment of debt management capacity in Somalia and a full Debt Sustainability Analysis under the Debt Sustainability Framework for Low-Income Countries. The DRA reveals that, after traditional debt relief mechanisms are applied, Somalia’s debt burden expressed as the net present value of debt-to-exports ratio is 344.2 percent at the end of December 2018—significantly above the HIPC Initiative threshold. Despite the challenging environment, progress on reform and policy implementation has been good and sustained reforms have translated into economic results. In addition to the coordinated support from the World Bank and the IMF, reforms have been supported by other development partners.

scholarly journals An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability

2018 ◽  
Author(s):  
Pablo Gluzmann ◽  
Martin Guzman ◽  
Joseph Stiglitz
Keyword(s):  
Debt Relief ◽  
Debt Sustainability

Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative - Statistical Update

Policy Papers ◽  
2013 ◽  
Vol 2013 (86) ◽  
Author(s):  
Keyword(s):  
Debt Relief ◽  
Cost Of Debt ◽  
Participation Rates ◽  
Poor Countries ◽  
The Past ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
The Cost ◽  
The Imf

This report provides an update on the status of implementation of the HIPC Initiative and the MDRI over the past year. Given that most HIPCs have reached the completion point, in November 2011, the IMF and IDA Boards2 endorsed staff’s proposal to further streamline reporting of progress under the HIPC Initiative and MDRI. It was agreed that the annual HIPC Initiative/MDRI status of implementation report will be discontinued, while the core information—on debt service and poverty reducing expenditure, the cost of debt relief, creditor participation rates, and litigation against HIPCs—should continue to be made available and updated regularly on the IMF and World Bank websites.

Heavily Indebted Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)--Status of Implementation

Policy Papers ◽  
2010 ◽  
Vol 2010 (83) ◽  
Author(s):  
Keyword(s):  
Poor Country ◽  
Debt Relief ◽  
Significant Progress ◽  
The Status ◽  
Continued Use ◽  
Hipc Initiative

This report provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). Debt relief provided under the Initiatives has substantially alleviated debt burdens in recipient countries. Through the continued use by IDA and the Fund of the flexibility available in the framework governing the HIPC Initiative and the MDRI, significant progress has been achieved under the Initiatives since the last report.

Enhanced Heavily Indebted Poor Countries Initiative - Status of Non-Paris Club Official Bilateral Creditor Participation

Policy Papers ◽  
2007 ◽  
Vol 2007 (38) ◽  
Author(s):  
Keyword(s):  
Response Rate ◽  
Debt Relief ◽  
Poor Countries ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Paris Club

This paper provides an update on the delivery of HIPC Initiative debt relief by non- Paris Club official bilateral creditors and proposes measures to increase their participation. It finds that non-Paris Club creditors have provided about one third of the total HIPC Initiative debt relief expected from them, with significant variations among creditors. Although the response rate to the survey sent by staffs of the Bank and the Fund to creditors was higher than in previous years, the information received is still limited and partial, and the estimate of debt relief delivered remains preliminary.

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation

Policy Papers ◽  
2007 ◽  
Vol 2007 (40) ◽  
Author(s):  
Keyword(s):  
Poor Country ◽  
Debt Relief ◽  
Poor Countries ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative

This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.

Cross-Country Experience with Restructuring of Sovereign Debt and Restoring Debt Sustainability

Policy Papers ◽  
2006 ◽  
Vol 2006 (49) ◽  
Author(s):  
Keyword(s):  
Sovereign Debt ◽  
Debt Relief ◽  
Economic Conditions ◽  
Stress Tests ◽  
Debt Sustainability ◽  
Cross Country

The paper is organized as follows: Section II provides a cross-country overview of the economic conditions, including the composition of sovereign debt and its dynamics prevailing prior to the debt operations, and a discussion of the scope and outcomes—in terms of the debt relief provided by creditors—of the debt restructurings. Section III analyzes the debt profile, liquidity position, DSAs and accompanying stress tests, and an EWS to assess whether debt sustainability has been restored in each country case. Conclusions are set out in Section IV.

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