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 the cost of debt...

The HIPC Initiative and MDRI are nearly complete, with 36 countries having already reached the completion point under the HIPC Initiative. Chad, in April 2015, is the latest country to reach the completion point. Debt relief under the Initiative has alleviated debt burdens substantially in...

The HIPC Initiative and MDRI are nearly complete, with 36 countries having reached the completion point under the HIPC Initiative. Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries and has enabled them to increase their poverty-reducing expenditure...

Tanzania reached the completion point under the enhanced HIPC Initiative on November 21, 2001. Staff is of the view that all criteria have been met, and recommends that the Board determine that Tanzania qualifies for immediate debt relief under the MDRI

Burkina Faso reached the completion point under the enhanced HIPC Initiative on April 12, 2002. Staff is of the view that all criteria have been met and recommends that the Board determine that Burkina Faso qualifies for immediate debt relief under the MDRI

Cambodia is not a HIPC country because its debt levels were below the relevant thresholds. It is, however, eligible under the MDRI because it had per capita annual GDP of below USD 380 as of 2004. No IDA relief is currently expected under the MDRI for non-HIPC countries. Staff is of the view...

Benin reached the completion point under the enhanced HIPC Initiative on March 24, 2003. Staff is of the view that all criteria have been met, and recommends that the Board determine that Benin qualifies for immediate debt relief under the MDRI