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HIPC AND MDRI - STATISTICAL UPDATE

April 2, 2013

HEAVILY INDEBTED POOR COUNTRIES (HIPC) INITIATIVE AND MULTILATERAL DEBT RELIEF INITIATVE (MDRI) STATISTICAL UPDATE
Approved By
Prepared by Staffs of the World Bank and the IMF

Siddharth Tiwari and Jeffrey Lewis

CONTENTS
ABBREVIATIONS AND ACRONYMS ______________________________________________________________ 3 INTRODUCTION __________________________________________________________________________________ 5 PROGRESS IN THE IMPLEMENTATION OF THE INITIATIVE ____________________________________ 5 DEBT SERVICE RELIEF AND POVERTY REDUCING EXPENDITURE ______________________________ 7 UPDATE OF THE COSTS OF THE INITIATIVES ___________________________________________________ 8 CREDITOR PARTICIPATION: MULTILATERAL CREDITORS ____________________________________ 10 CREDITOR PARTICIPATION: OFFICIAL BILATERAL AND COMMERCIAL CREDITORS _______ 10 ANNEXES I. Country Status under the Enhanced HIPC Initiative ____________________________________________ 12 II. Country Coverage, Data Sources, and Assumptions ___________________________________________ 16 III. Tables _________________________________________________________________________________________ 18 TABLES 1. List of Heavily Indebted Poor Countries _________________________________________________________ 6 2. HIPC Initiative: Costs by Main Creditor and Country Group _____________________________________ 9 3. MDRI: Nominal Costs by Main Creditor and Country Group ____________________________________ 9 AI.1 HIPC Pre-Decision Point Countries __________________________________________________________ 12 AI.2A HIPC Decision-Point Countries: Status of Completion Point Triggers _____________________ 13 AI.2B HIPC Decision-Point Countries: Summary by Country _____________________________________ 13

HIPC AND MDRI - STATISTICAL UPDATE

AI.3. HIPC Completion-Point Countries: Progress towards Achieving the MDGs ________________ 14 AIII.1. Summary of Debt Service and Poverty Reducing Expenditures 2001-2017 1 ______________ 18 AIII.2. Debt Service of 36 Post-Decision-Point HIPCs, 2001-2017 ________________________________ 19 AIII.3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001-2017 1/ ___________ 22 AIII.4. HIPC Initiative and MDRI: Committed Debt Relief and Outlook ___________________________ 25 AIII.5. HIPC Initiative: Cost Estimates to Multilateral Creditors and Status of their Commitments to Post-Completion-Point HIPCs Status ______________________________________________________ 26 AIII.6A. Status of Delivery of HIPC Initiative and MDRI Assistance by the World Bank ___________ 27 AIII.6B. World Bank Group Debt Service after HIPC Initiative and MDRI Debt Relief, 2000-2017 28 AIII.7A. Implementation of the HIPC Initiative and MDRI by the IMF ____________________________ 30 AIII.7B. IMF HIPC Initiative and MDRI Debt Relief, 1998-2012 ___________________________________ 31 AIII.8A. Status of Delivery of HIPC Initiative and MDRI Assistance by the African ________________ 33 AIII.8B. AfDB Group Debt Service after HIPC Initiative and MDRI Debt Relief, 2000-2015 _______ 34 AIII.9. Status of Delivery of HIPC and IaDB-07 Initiatives Assistance by the Inter-American Development Bank (IaDB) ________________________________________________________________ 36 AIII.10. Status of Donor Contributions to the Debt Relief Trust Fund ____________________________ 37 AIII.11. HIPC Initiative: Cost Estimates to Paris Club Official Bilateral Creditors by Creditor Country _________________________________________________________________________ 38 AIII.12. Debt Relief Committed and Delivered by the Paris Club Official Bilateral Creditors ______ 39 AIII.13. Paris Club Official Bilateral Creditors' Delivery of Debt Relief under Bilateral ____________ 40 AIII.14. HIPC Initiative: Cost Estimates to Non-Paris Club Official Bilateral Creditors by Creditor Country __________________________________________________________________________________ 41 AIII.15. Delivery of HIPC Initiative debt Relief by Non-Paris Club Official Bilateral _______________ 43 AIII.16. Commercial Creditor Lawsuits against HIPCs ____________________________________________ 45

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ABBREVIATIONS AND ACRONYMS


AfDB AfDF AFRITAC AMF AsDB BADEA BCEAO BDEAC BDEGL BEAC BOAD CABEI CAF CDB CEMLA CIRR CP DP DRC EADB EBID ECF EFF EIB EPCA ESF EU FEGECE FOCEM FONPLATA FSID GDP HIPC IaDB IBRD African Development Bank African Development Fund Africa Regional Technical Assistance Centers Arab Monetary Fund Asian Development Bank Arab Bank for Economic Development in Africa Central Bank of West African States Banque de Dveloppement des tats de lAfrique Centrale (Central African States Development Bank) Banque de Dveloppement des Etats des Grand Lacs (Development Bank of Great Lake States) Banque des Etats de lAfrique Centrale (Bank of Central African States) Banque Ouest Africaine de Developpement (West African Development Bank) Central American Bank for Economic Integration Corporacin Andina de Fomento Caribbean Development Bank Centro de Estudios Monetarios Latinoamericanos Commercial Interest Reference Rate Completion-Point Decision-Point Democratic Republic of the Congo East African Development Bank ECOWAS Bank for Investment and Development Extended Credit Facility Extended Fund Facility European Investment Bank Emergency Post-Conflict Assistance Exogenous Shocks Facility European Union Fonds dEntraide et de Garantie des Emprunts du Conseil de lEntente (Fund of Aid and of Loans Guarantee of the Agreement Council) Fondo Centroamericano de Estabilizacin Monetaria Fund for the Financial Development of the River Plate Basin Fonds de solidarit islamique pour le dveloppement (Islamic Fund for Solidarity and Economic Development) Gross Domestic Product Heavily Indebted Poor Countries Inter-American Development Bank International Bank for Reconstruction and Development

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IDA IFAD IMF I-PRSP IsDB JSAN LICs MDB MDGs MDRI NDF OPEC OFID PRGF PRSP PTA PV SDR SMP WAEMU WAIFEM

International Development Association International Fund for Agricultural Development International Monetary Fund Interim Poverty Reduction Strategy Paper Islamic Development Bank Joint Staff Advisory Note Low Income Countries Multilateral Development Bank Millennium Development Goals Multilateral Debt Relief Initiative Nordic Development Fund Organization of Petroleum Exporting Countries OPEC Fund for International Development Poverty Reduction and Growth Facility Poverty Reduction Strategy Paper Eastern and Southern African Trade and Development Bank Present Value Special Drawing Rights Staff Monitored Program West African Economic and Monetary Union West African Institute for Financial and Economic Management

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INTRODUCTION1
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 staffs 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 informationon debt service and poverty reducing expenditure, the cost of debt relief, creditor participation rates, and litigation against HIPCsshould continue to be made available and updated regularly on the IMF and World Bank websites. Against this background, this report provides an update to the progress made in the last year and the overall progress under the Initiative to date. In particular, the following figures and tables are updated: Trends in poverty reducing spending and debt service in HIPCs (Annex III Tables 1-3) Costs of the initiatives by creditor and country (Tables 2 and 3 and Annex III Tables 4 -14) Non-Paris Club bilateral creditor participation (Annex III Table 15) Commercial creditor litigation against HIPCs (Annex III Table 16)

PROGRESS IN THE IMPLEMENTATION OF THE INITIATIVE


(Table 1) Three countries Comoros, Cote dIvoire and Guinea reached HIPC Initiatives completion point in 2012. Chad is the only country in the interim phase between the decision and completion points. (Table 1) The HIPC Initiative is nearly completed. Out of the 39 countries that have been assessed eligible or potentially eligible under the Initiative, 35 have already reached the completion point. Three pre-decision point countries - Eritrea, Somalia, and Sudan - are yet to start the process of qualifying for debt relief under the Initiative.3

Statistical update was prepared by Jayendu De and Yan Sun-Wang under the supervision of Laurence Allain, and Said Bakhache (IMF), Signe Zeikate under the supervision of Sudarshan Gooptu (WB).
2

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)Status of Implementation and Proposals for the Future of the HIPC Initiative; IMF Policy Paper; November 8, 2011 Kyrgyz Republic, Bhutan, and Lao P.D.R did not meet the indebtedness criterion at end-2010 and were excluded from the list of HIPC eligible countries in 2011, while Nepal still remains potentially eligible. Nepal later indicated that it did not wish to avail itself of assistance under the Initiative.
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Table 1. List of Heavily Indebted Poor Countries (As of end-December 2012)


Afghanistan Benin Bolivia Burkina Faso Burundi Cameroon Central African Republic Chad Eritrea Somalia 3 Pre-Decision-Point HIPCs Sudan
3/

Comoros Congo, Rep. of Cte dIvoire Ethiopia Gambia, The Ghana

35 Post-Completion-Point HIPCs Malawi Guinea Guinea-Bissau Guyana Haiti Honduras Liberia Madagascar 1 Interim HIPCs
2/

1/

So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia

Congo, Dem. Rep. of the

Mali Mauritania Mozambique Nicaragua Niger Rwanda

1/ Countries that have qualified for irrevocable debt relief under the HIPC Initiative. 2/ Countries that have reached decision point under the HIPC Initiative, but have not yet reached completion point. 3/ Countries that are eligible or potentially eligible and may wish to avail themselves of the HIPC Initiative or MDRI.

Chad is the only country in the interim phase of the HIPC Initiative. Progress toward meeting several HIPC triggers, including health, infrastructure, and rural development has been weak. The key trigger still to be achieved is good macroeconomic performance under a formal Fund financing arrangement. Strong evidence of a one year satisfactory implementation of the PRS (Poverty Reduction Strategy) is also required for Chad to reach the completion point. Eritrea has benefitted from the development of mining activity and the production of gold since 2011 but its political situation remains fragile. The last Article IV Consultation for Eritrea took place in 2009 and there are no discussions on a Fund-supported program. Somalia has had virtually no engagement with international financial organizations for over twenty years4 due to the absence of a government recognized by the Fund or the Bank5, highly uncertain political and security situation, and the lack of economic and financial information. Nevertheless, the Bank held a discussion with the donor community in Somalia (November 2012) on preliminary steps toward ensuring that the building blocks are in place for assisting Somalia in normalizing relationship with its creditors, and re-engage with the international community when the political conditions enable action on this front. There has been no recent PRSP in either country and no work ongoing towards its preparation.

4 5

The last Article IV was conducted in 1990.

For the Bank the assessment that the new government could become a government in power for the purposes of OP2.30 is still pending.

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Sudan has made good progress towards the technical work required to advance towards the decision point of the HIPC Initiative and has reconciled over 90 percent of the end-2010 external debt stock in collaboration with creditors. The Sudanese parliament has also approved an ambitious interim-PRSP in June 2012.6 As of end-2012 Sudan still remains in arrears to the Fund and the World Bank.7 Myanmars potential eligibility under the HIPC could not be assessed in 2006 and 2011 because of lack of data. Recently, Myanmar has reached an agreement with Fund staff on a 12-month Staff Monitored Program (SMP) for 2013 to support its reform effort. This agreement paved the way for Myanmar to clear its external arrears vis--vis its Paris Club creditors, as well as the World Bank8 and the Asian Development Bank. Zimbabwe remains in debt distress and will need a comprehensive arrears clearance framework with the international community.9 In 2001, Zimbabwe was removed from the IMFs list of PRGT (Poverty Reduction and Growth Trust) eligible countries due to the arrears to the PRGT. Zimbabwe has made three payments to the PRGT in 2012, totaling US$ 7.5 million; as of endDecember 2012, its arrears to the Fund amounted to US$ 127 million and to the Bank US$ 986 million. For the Fund, should Zimbabwes PRGT-eligibility be re-instated, it could be added to the list of countries potentially eligible for HIPC Initiative assistance (if the assessment against the indebtedness criterion were to be confirmed). On the Bank side, a modification of, or exception to, IDA's HIPC Initiative potential eligibility criteria would be required.10

DEBT SERVICE RELIEF AND POVERTY REDUCING EXPENDITURE


(Figure 1, Annex I Table 3 and Annex III Tables 1; 2 and 3) Debt relief under the initiatives has substantially alleviated debt burdens in recipient countries and enabled them to increase their poverty reducing expenditure (Figure 1 and Annex III Table 1).

Sudan Staff Report for the 2012 Article IV Consultation available at: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40081.0
7 8

As of end-2012 arrears to the Fund and World Bank are US$1515.9 million and US$710 million respectively.

On January 22, 2013, the World Bank Board of Directors approved a US$440 million Reengagement and Reform Support Credit to Myanmar. The Credit supports critical reforms being implemented by the Government to strengthen macroeconomic stability, improve public financial management and improve the investment climate. Its proceeds will also help the Government meet its foreign exchange needs, including repaying a bridge loan provided to it by the Japan Bank for International Cooperation (JBIC) to clear arrears.

Zimbabwe Staff Report for the 2012 Article IV Consultation available at: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40026.0
10

For the World Bank, the HIPC Initiative income criterion is bound by the end-2004 cutoff, i.e., any change in a countrys IDA status post-2004 is not a relevant consideration.

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Progress in reaching the MDGs has been uneven. Assessment of progress might be better if those countries that have been assessed as having an insufficient data are making good progress toward achieving the MDGs. (Annex I Table 3). Figure 1. Average Poverty Reducing Expenditure and Debt Service in HIPCs 1

11.0 10.0 9.0 8.0 Poverty-Reducing Expenditure/GDP

Percentage of GDP

7.0 6.0 5.0 4.0 3.0 2.0 1.0 -

Debt Service/GDP

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012p

2013p

2014p

2015p

2016p

Sources: HIPC documents and IMF staff estimates. 1 For detailed country data and projections, refer to Appendix III Table 2 and 3.

UPDATE OF THE COSTS OF THE INITIATIVES


(Tables 2 and 3) The total cost of HIPC Initiative debt relief to creditors is estimated at US$76 billion in end-2011 present value (PV) terms (Table 2). These costs are broadly unchanged compared to the previous estimates in 2011.11 Changes reflect small revisions of data for the three new HIPC completion point cases and a lower discount rate.12 The total cost of the MDRI for the four participating multilateral creditors is estimated at US$36.9 billion in end-2011 PV terms (Table 3, Annex III Table 4).

11 12

See last report as indicated in footnote 2.

See Annex II for assumptions on the discount rate used to calculate the PV of debt relief under the HIPC Initiative and the MDRI.

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2017p

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Table 2. HIPC Initiative: Costs by Main Creditor and Country Group (In billions of U.S. dollars, in end-2011 PV terms, unless otherwise indicated)
Post-CompletionPoint HIPCs (35) Interim HIPCs (1) Total Post-DecisionPoint HIPCs (36) Pre-DecisionPoint HIPCs (3) Total (39)

(I) Multilateral creditors IDA Of which: IDA credits Of which: IBRD credits IMF AfDB Group IaDB AsDB Other Bilateral and commercial creditors Paris Club Other Official Bilateral Commercial Total Costs Memorandum Items Total Costs from Previous Report 1/ Total Change in Costs (percent) - due to New Cases 2/ - due to Data Revisions 28.3 13.2 12.8 0.4 4.5 5.0 1.7 0.1 3.8 30.3 21.7 5.0 3.6 58.6

(II) 0.2 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.05 0.0 0.0 0.0 0.2

(III) = (I) + (II) 28.5 13.3 12.9 0.4 4.6 5.1 1.7 0.1 3.8 30.4 21.8 5.0 3.6 58.9

(IV) 5.3 1.5 1.5 0.0 1.9 0.4 0.0 0.0 1.5 11.7 5.8 4.9 1.0 17.0

(V) = (III) + (IV) 33.8 14.8 14.4 0.4 6.5 5.5 1.7 0.1 5.4 42.0 27.6 9.9 4.6 75.9

54.3 7.9 8.2 -0.3

4.3 -94.5 -91.2 -3.3

58.6 0.4 0.7 -0.3

17.0 0.0 0.0 0.0

75.6 0.3 0.5 -0.2

Sources: Country authorities, and World Bank and IMF staff estimates. 1/ Total costs as reported in Table 2 of "HIPC Initiative and MDRI: Status of Implementation, November 2011", discounted to end-2011 terms. 2/ Since November 2011, Comoros, Cote d'Ivoire and Guinea reached the completion point.

Table 3. MDRI: Nominal Costs by Main Creditor and Country Group (In billions of U.S. dollars)
As s is tance in Nominal Terms 2/ Principal Pos t-Completion-Point HIPCs 1/ 3 3 3 3 2 2 2 2 IDA IMF 3/ AfDF IaDB Interim and Pre-Decis ion-Point HIPCs 2/ IDA IMF 3/ AfDF IaDB All HIPCs IDA IMF 3/ AfDF IaDB Non-HIPCs 4/ 45.4 31.3 3.4 7.4 3.3 2.3 1.2 0.5 0.6 0.0 47.7 32.6 3.8 7.9 3.3 0.2 Foregone Interes t 5.0 3.0 0.0 1.0 1.0 0.2 0.1 0.0 0.1 0.0 5.1 3.1 0.0 1.0 1.0 Total 50.4 34.3 3.4 8.3 4.4 2.5 1.3 0.5 0.6 0.0 52.8 35.6 3.8 9.0 4.4 0.2 As s is tance in end2011 PV Terms Principal and Foregone Interes t 35.2 23.2 3.7 5.1 3.1 1.8 0.9 0.5 0.4 0.0 36.9 24.1 4.2 5.5 3.1 0.2

Sources : Country authorities , and World Bank, IMF, AfDB and IaDB s taff es timates . 1/ Thes e countries have qualified for MDRI relief. Figures are bas ed on actual dis burs ements and commitments . 2/ Es timates are preliminary and s ubject to various as s umptions , including the timing of HIPC decis ion and completion points , and, where applicable, of arrears clearance. 3/ The es timated cos ts for IMF reflect the s tock of debt eligible for MDRI relief, which is the debt outs tanding (principal only) as of end-2004 and that has not been repaid by the member and is not covered by HIPC as s is tance (http://www.imf.org/external/np/pp/eng/2005/111605.htm); including the cos t of the MDRI-type, beyond-HIPC debt relief. 4/ IMF MDRI as s is tance to Cambodia and Tajikis tan.

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CREDITOR PARTICIPATION: MULTILATERAL CREDITORS


(Annex III Tables 5, 6A, 6B, 7A, 7B, 8A, 8B, 9 and 10) Over ninety-nine percent of multilateral creditors, estimated by their share in the total cost of HIPC debt relief among multilateral creditors, have committed to participate in the HIPC Initiative (Table 5). A number of multilateral creditors receive support from the Debt Relief Trust Fund (DRTF), administered by IDA, to fulfill the provision of committed debt relief.13 As of end-December 2012, donors have contributed a total of US$6.6 billion to the DRTF. (Annex III Table 10).14 The DRTF has accumulated investment income amounting to US$599 million and has disbursed about US$6.7 billion. The remaining amount of resources available in the DRTF (US$0.5 billion) including the amount of unpaid pledges15 is estimated to be sufficient to help finance the expected completion point debt relief costs to eligible creditors in respect to the Democratic Republic of Congo16 and the pre-completion point HIPCs.17

CREDITOR PARTICIPATION: OFFICIAL BILATERAL AND COMMERCIAL CREDITORS


(Annex III Tables 11, 12, 13, 14, 15 and 16) Paris Club creditors have committed to provide debt relief estimated at US$21.8 billion in 2011 PV terms to the 36 countries that have reached their decision points (Tables 11 and 12). Most members of the Paris Club have also voluntarily committed to provide additional debt relief beyond that required under the HIPC Initiative (Tables 12 and 13). The share of debt relief attributable to the non-Paris Club official bilateral creditors is estimated at US$5.0 billion (2011 PV terms Tables 14 and 15). So far, close to 50 percent

Eligible creditors include: AfDB, BOAD, CABEI, CDB, CMCF, EADB, FONPLATA, IaDB, IBRD, IFAD, IDA and NDF. Annex Table 10 excludes contributions from AfDB, which are non-cash transactions. 15 This amount excludes US$98 million requested by the AfDB for post completion point debt relief to the Republic of Guinea. An amount of unpaid pledges totals US$98 million and includes US$23 million from Germany and US$75 million from the United States. 16 The Democratic Republic of Congo (DRC) reached the completion point in June 2010. DRTF provided AfDB a debt relief grant of US$425 million to support AfDB's provision of debt relief to DRC at completion point. However, the current low interest rate environment and AfDBs subsequent lower than estimated income from the investment of the completion point grant proceeds are expected to lead to a financing gap of US$114 million that would not allow AfDB to reach its full share of the debt relief to DRC. 17 Future debt relief costs are based on current estimates of completion point dates, debt outstanding, as well as assumptions regarding the applicable discount rates. These estimates do not take into consideration possible additional debt relief costs to currently eligible HIPCs due to potential slippages in completion point dates or other factors, as well as granting of debt relief to countries such as Myanmar, the potential eligibility of which could not be assessed because of lack of data, or Zimbabwe, which currently does not meet the HIPC Initiative eligibility criteria.
14

13

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of the debt relief has been delivered. Securing the participation of non-Paris Club official bilateral and private commercial creditors has been a challenge since the inception of the HIPC Initiative. Close to one third of the 55 non-Paris Club creditors reportedly have not participated in the HIPC initiative. Staffs of the World Bank and the IMF have continued to rely on the use of moral suasion and on the efforts by the HIPCs themselves to increase the participation of these creditors. (Table 15).

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Country Eritrea Sudan

HIPC AND MDRI - STATISTICAL UPDATE

ANNEX I. Country Status under the Enhanced HIPC Initiative


Table 1: HIPC Pre-Decision Point Countries
Risk of Debt Distress In debt Eritrea became independent in 1991 following a long conflict and remains a distress fragile state. President Isaias Afewerki has been in power since independence; and his party, the Eritrean Peoples Liberation Front, is the single political party. 12/1/2009 .An unresolved border dispute with Ethiopia has dominated Eritreas relations with its neighbors. The United Nations imposed sanctions against Eritrea in 2009 for supporting the Somali al Shabab militias. In 2011 another UN resolution required strict scrutiny of the governments use of resources from the exploitation of minerals. Recent Political Development N/A Decision Point Date There is no There are no ongoing discussions on a Fund-supported Uncertain recent PRSP program. The 2009 Article IV Consultation was and no concluded in December 2009. ongoing work towards its preparation. PRSP Status IMF Program and Macroeconomic Status

Somalia The Federal Government of Somalia (FGS) was established on August 20th 2012, following the end of the Transitional Federal Government. The FGS has set out three priority areas: judiciary, public financial management, and service delivery, and is interested in a Somali-led development agenda with collaboration from international partners. The economic, political, and security situation remains fragile but with a renewed, albeit very cautious, sense of optimism.

There is no PRSP and it is not expected to be prepared in the near term.

Somalia has not had a Fund-supported program since Uncertain 1987. Lack of economic data precludes an assessment of the macroeconomic situation at present. Initial discussions are underway to inform and engage international partners on the steps that would be required for re-engagement and arrears clearance, though no steps have been taken at present. The 2012 Article IV consultation was concluded in Within two September 2012. Discussions on a successor Fund Staff years, but the Monitored Program (SMP) to support the governments starting date reform efforts have yet to start. is unclear.

On July 9, 2011 South Sudan became independent following the results of a referendum in January 2011. Pending completion of the overall negotiations, the two parties agreed that the North (Sudan) would take on all debt as the continuing state, under two conditions: 1) the parties will undertake a joint outreach to the creditors; 2) the international community will give a firm commitment to debt relief. Negotiations have been on hold over much of the past year, but the parties resumed negotiations in Addis Ababa on September 03, 2012. A presidential Summit between Presidents Al-Bashir and Silva Kir (September 2012) was successful in brokering an economic cooperation. The recent signature of the Implementation Modalities for Security Arrangements paves the way for implementation of the oil agreement and the resolution of the Abyei and border issues for which a collaboration agreement has been signed. At this stage, there is no significant progress for the HIPC process to officially start.

In debt distress 9/1/2012

The InterimPRSP was officially shared with the World Bank on November 22, 2012.

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Country PRSP

HIPC AND MDRI - STATISTICAL UPDATE

Table 2A: HIPC Decision-Point Countries: Status of Completion Point Triggers


Macroeconomic Stability Public Financial Management (PFM) Social Sector Debt Management Governance / Transparency / Anticorruption Structural Reforms

Chad

Partially completed

Weak progress

Slow progress. Some progress in budget preparation, but execution continues to be slow in priority sectors. The public expenditure tracking survey for primary education is being undertaken.

Good progress on N/A the education trigger but earlier made progress has been reversed on the health trigger. The quality of spending in health and education sectors remains a problem.

Earlier made N/A progress has deteriorated. The implementation of the governance strategy and action plan needs to be accelerated. Chad was accepted in April 2010 as an EITI candidate. However, progress is slow.

Table 2B: HIPC Decision-Point Countries: Summary by Country


Country PRSP Status Risk of Debt Distress IMF Program Completion Point Date (Planned)

Chad

A PRSP covering the period from 2008 High 12/1/2012 to 2011 was approved in April 2008. The PRSP and related Bank-Fund JSAN were discussed by the Bank and the IMF boards in May and June 2010, respectively. A new PRSP (National Development Plan) covering a period from 2013 to 2015 was approved by the Government in February 2013.

The last PRGF-supported program, approved in February 2005 and later extended through May 2008, expired without completion of a review. A Staff-Monitored Program (SMP) for April-October 2009 also expired without completion of a review. Discussions on a new SMP in April 2012 were inconclusivebecause of the debt sustainability implications of the authorities decision to press ahead with the implementation of the nonconcessional $2 billion Master Facility Agreement signed with the Eximbank of China in August 2011.

Uncertain

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Country Afghanistan Benin Bolivia Burkina Faso Burundi Cameroon CAR Comoros Congo, Rep. Cote d'Ivoire e oc at c Republic of Congo Ethiopia Gambia, The Ghana Guinea Guinea-Bissau

HIPC AND MDRI - STATISTICAL UPDATE

Table 3 : HIPC Completion-Point Countries: Progress towards Achieving the MDGs


Primary End poverty school and hunger completion /1 rate
SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT DATA SERIOUSLY OFF TRACK

Increase ratio of girls to boys enrollment in primary and secondary education


INSUFFICIENT DATA INSUFFICIENT PROGRESS

Reduce under five mortality rate


INSUFFICIENT DATA SERIOUSLY OFF TRACK

Reduce infant mortality rate


INSUFFICIENT DATA SERIOUSLY OFF TRACK

Reduce maternal mortality rate


INSUFFICIENT DATA SERIOUSLY OFF TRACK

Stop HIV/AIDS and other Diseases /1

Increase access to improved water source


INSUFFICIENT DATA

Increase access to improved sanitation


INSUFFICIENT DATA SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

Global partnership for development /1

ON TRACK

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

ON TRACK

ON TRACK

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT DATA

ACHIEVED INSUFFICIENT PROGRESS INSUFFICIENT PROGRESS

ACHIEVED

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

SERIOUSLY OFF INSUFFICIENT TRACK PROGRESS SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT PROGRESS SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

ON TRACK

ACHIEVED

ON TRACK

ON TRACK

ACHIEVED

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT DATA INSUFFICIENT DATA INSUFFICIENT DATA

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK SERIOUSLY OFF TRACK

ON TRACK INSUFFICIENT PROGRESS INSUFFICIENT PROGRESS

ACHIEVED

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK

ACHIEVED INSUFFICIENT DATA

SERIOUSLY OFF TRACK INSUFFICIENT DATA INSUFFICIENT DATA

INSUFFICIENT SERIOUSLY OFF DATA TRACK INSUFFICIENT DATA INSUFFICIENT SERIOUSLY OFF DATA TRACK INSUFFICIENT DATA SERIOUSLY OFF TRACK

INSUFFICIENT DATA

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK INSUFFICIENT DATA SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK INSUFFICIENT DATA SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT DATA INSUFFICIENT DATA

ON TRACK

ON TRACK

ON TRACK

ON TRACK SERIOUSLY OFF TRACK

ON TRACK SERIOUSLY OFF TRACK

ON TRACK

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT DATA

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

ACHIEVED

ACHIEVED

ON TRACK

ON TRACK

ON TRACK

ACHIEVED INSUFFICIENT DATA

INSUFFICIENT SERIOUSLY OFF DATA TRACK INSUFFICIENT DATA INSUFFICIENT DATA

ON TRACK

ACHIEVED SERIOUSLY OFF TRACK

INSUFFICIENT DATA

INSUFFICIENT DATA

ON TRACK

ON TRACK

INSUFFICIENT DATA

15 INTERNATIONAL MONETARY FUND


Country Guyana Haiti Honduras Liberia Madagascar Malawi Mali Mauritania Mozambique Nicaragua Niger Rwanda Sao Tome and Principe Senegal Sierra Leone Tanzania Togo Uganda Zambia

HIPC AND MDRI - STATISTICAL UPDATE

Table 3 : HIPC Completion-Point Countries: Progress towards Achieving the MDGs


End poverty and hunger /1 Primary school completion rate
SERIOUSLY OFF TRACK INSUFFICIENT DATA

Increase ratio of girls to boys enrollment in primary and secondary education


ACHIEVED

Reduce under five mortality rate


SERIOUSLY O FF TRACK INSUFFICIENT PROGRESS

Reduce infant mortality rate


SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT PROGRESS

Reduce maternal mortality rate


SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK INSUFFICIENT PROGRESS INSUFFICIENT PROGRESS SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK

Stop HIV/AIDS and other Diseases /1

Increase access to improved water source


INSUFFICIENT DATA

Increase access to improved sanitation


INSUFFICIENT DATA

Global partnership for development /1

SERIOUSLY O FF TRACK INSUFFICIENT DATA SERIOUSLY O FF TRACK SERIOUSLY O FF TRACK SERIOUSLY O FF TRACK

SERIO USLY OFF TRACK INSUFFICIENT DATA SERIO USLY OFF TRACK

SERIO USLY OFF TRACK

INSUFFICIENT DATA

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK INSUFFICIENT DATA SERIO USLY OFF TRACK

ACHIEVED INSUFFICIENT DATA INSUFFICIENT PROGRESS SERIOUSLY OFF TRACK INSUFFICIENT PROGRESS

ACHIEVED

O N TRACK

O N TRACK INSUFFICIENT DATA

ACHIEVED INSUFFICIENT DATA

INSUFFICIENT DATA INSUFFICIENT PRO GRESS

ACHIEVED

ON TRACK SERIOUSLY OFF TRACK INSUFFICIENT PROGRESS SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT PROGRESS SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK

ON TRACK

INSUFFICIENT DATA SERIO USLY OFF TRACK SERIO USLY OFF TRACK

O N TRACK

ON TRACK

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK SERIOUSLY OFF TRACK

O N TRACK SERIOUSLY O FF TRACK SERIOUSLY O FF TRACK

ACHIEVED SERIOUSLY OFF TRACK

O N TRACK SERIOUSLY O FF TRACK SERIOUSLY O FF TRACK

ON TRACK

ACHIEVED

ON TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK

ACHIEVED

SERIOUSLY OFF TRACK INSUFFICIENT DATA SERIO USLY OFF TRACK SERIO USLY OFF TRACK

ON TRACK INSUFFICIENT PROGRESS SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT DATA

ACHIEVED INSUFFICIENT PRO GRESS

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK SERIOUSLY OFF TRACK

O N TRACK

O N TRACK

O N TRACK SERIOUSLY O FF TRACK SERIOUSLY O FF TRACK SERIOUSLY O FF TRACK SERIOUSLY O FF TRACK INSUFFICIENT DATA SERIOUSLY O FF TRACK

ACHIEVED INSUFFICIENT PRO GRESS

O N TRACK

O N TRACK

ON TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK

O N TRACK

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK INSUFFICIENT DATA INSUFFICIENT DATA

ACHIEVED

ACHIEVED SERIOUSLY O FF TRACK

ON TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK SERIOUSLY OFF TRACK INSUFFICIENT PROGRESS

ON TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK SERIO USLY OFF TRACK

ON TRACK SERIO USLY OFF TRACK

ON TRACK SERIOUSLY OFF TRACK INSUFFICIENT DATA

ACHIEVED

ACHIEVED

O N TRACK SERIOUSLY O FF TRACK

ON TRACK

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK

INSUFFICIENT DATA

ON TRACK

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK INSUFFICIENT DATA SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK SERIO USLY OFF TRACK

ON TRACK

INSUFFICIENT DATA SERIOUSLY OFF TRACK

O N TRACK SERIOUSLY O FF TRACK INSUFFICIENT PROGRESS

ON TRACK

INSUFFICIENT SERIOUSLY OFF DATA TRACK SERIOUSLY OFF TRACK

ON TRACK SERIO USLY OFF TRACK

SERIOUSLY OFF SERIOUSLY OFF TRACK TRACK INSUFFICIENT DATA SERIOUSLY OFF TRACK INSUFFICIENT DATA

O N TRACK

ON TRACK

ACHIEVED SERIOUSLY OFF TRACK

ON TRACK SERIO USLY OFF TRACK

O N TRACK

ACHIEVED

INSUFFICIENT DATA

O N TRACK

ON TRACK

Assessment of the Indicator including the assessment methodology remain unchanged from the previous years reporting. No new data are available. Due to a change in the methodology, the ratings in 2012 are not comparable to those for 2011. At the current rate of progress, if a country is expected to achieve the target between 2016 and 2020, it is rated as being 'ON TRACK." Countries that are not expected to achieve the target by 2020 are rated as being "SERIOUSLY OFF TRACK." A country is assigned a rating only if there is data for at least two observations. The first observation should be for a year after 2002, and the most recent observation should be in the last 5 year period.

HIPC AND MDRI - STATISTICAL UPDATE

Annex II. Country Coverage, Data Sources, and Assumptions for the HIPC Initiative and MDRI Costing Exercise
Country Coverage
The costing analysis for the 36 post-decision-point countries includes: Afghanistan, Benin, Bolivia, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Cte dIvoire, Comoros, Democratic Republic of the Congo, Republic of Congo, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Nicaragua, Niger, Rwanda, So Tom and Prncipe, Senegal, Sierra Leone, Tanzania, Togo, Uganda, and Zambia. The costing analysis for the pre-decision-point countries is based on 3 HIPCs: Eritrea, Somalia, and Sudan

Data Sources
Staff estimates are based on HIPC Initiative decision and completion-point documents for all 36 post-decision-point countries or estimates presented in Heavily Indebted Poor Countries (HIPC Initiative) List of Ring-Fenced Countries that Meet the Income and Indebtedness Criteria at end-2004 for the 3 pre-decision-point HIPCs. Data was updated through end-December 2012.

Assumptions for the HIPC Initiative and MDRI Costing Exercise


Calculations of total costs include costs under the original and enhanced HIPC Initiative frameworks and the MDRI. Cost estimates for the HIPC Initiative are based on debt data after full use of traditional debt-relief mechanisms. The following exchange rates have been used for the MDRI calculations: IDA and AfDF. The initial MDRI Trust Fund replenishment rate of 1.477380 US dollars per SDR was applied for the period FY07- FY08. Cost estimates for FY09-FY11 (corresponding to the period covered by the IDA 15 replenishment round) are based on the IDA15 foreign exchange reference rate of 1.524480 US dollars per SDR. Cost estimates for FY11 onward are based on the IDA16 foreign exchange reference rate of 1.50233 U.S. dollars per SDR. IMF. The exchange rate of the date that debt relief was delivered, and, in cases where debt was not yet delivered, the rate as of end-December 2011 was used. IaDB. Currency units in US dollars at end-2006.


16

INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Update of Cost Estimates in Present Value Terms


The cost of HIPC Initiative assistance calculated in PV terms at the time of the decisionpoint is discounted to end-2011 using the average interest rate applicable to the debt relief. This rate was estimated at 3.37 percent and corresponds to the implicit long-term interest rate of currencies that comprise the SDR basket over the period 20092011, calculated as a 6-month average of the Commercial Interest Reference Rate (CIRR) over this period, weighted by the participation of the currencies in the SDR basket. The same rate was used to calculate MDRI debt relief in end-2011 PV terms.

INTERNATIONAL MONETARY FUND 17

ANNEX III. Tables


Table 1. Summary of Debt Service and Poverty Reducing Expenditures 2001-2017 1 (In millions of U.S. dollars, unless otherwise indicated)
Table 1. Summary of Debt Service and Poverty Reducing Expenditures 2001-2017 1/
(In millions of U.S. dollars, unless otherwise indicated) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Prel. 3,490 2012 2013 2014 2015 Projections 5,619 37,500 6,524 40,039 2016 2017

Debt Service Paid 2/ Poverty Reducing Expenditures 3/ Average Ratios (in percent) Debt Service/Exports Debt Service/GDP Poverty-Reducing Expenditure/Government Revenue 3/ Poverty-Reducing Expenditure/GDP 3/

3,390 6,591

4,001 7,492

4,506 8,700

5,081 10,805

4,896 14,944

3,586 18,475

3,005 22,645

3,233 27,620

3,222 30,000

2,747

5,258 35,822

5,121 37,474

7,247 43,257

8,611 43,803

32,562 33,310

14.5 2.9 46.4 6.3

13.8 2.7 47.5 6.6

12.5 2.6 46.3 6.9

12.7 2.6 43.7 6.9

9.8 2.3 47.9 7.6

9.9 2.0 48.4 7.9

5.0 1.2 46.3 8.1

4.5 1.1 50.0 8.3

4.5 1.1 53.1 8.8

2.9 0.8 50.7 9.1

3.1 0.9 48.7 8.8

5.4 1.5 50.2 9.8

4.5 1.1 51.0 9.9

4.7 1.2 52.9 10.0

4.6 1.2 53.3 10.1

4.7 1.2 53.5 10.2

4.6 1.2 51.2 10.3

Sources: HIPC country documents, and World Bank and IMF staff estimates. 1/ Data refer to 36 post-decision-point HIPCs, unless specified otherwise. 2/ Debt service paid covers 2001-2011, and debt service due covers 2012-2017. For post-completion point HIPCs, debt service due reflects the negotiated relief by the debtor countries , additional debt relief, provided by some Paris Club Creditors on a voluntary basis, and MDRI (countries that have reached the completition point in the more recent years, debt service projections assume full HIPC Initiative debt relief along with additional debt relief by the Paris Club and MDRI). For pre-completion-point countries, debt service due includes interim debt relief and full HIPC Initiative and MDRI assistance expected at the projected completion point. See Appendix Table 2 for a detailed breakdown. 3/ As defined in PRSPs; excludes data for years in countries for which data is not available. See Appendix Table 3 for a country breakdown.

INTERNATIONAL MONETARY FUND 18

HIPC AND MDRI - STATISTICAL UPDATE

HIPC AND MDRI - STATISTICAL UPDATE

Table 2. Debt Service of 36 Post-Decision-Point HIPCs, 2001-2017 (In millions of U.S. dollars, unless otherwise indicated)
2001 A. Post-Completion-Point HIPCs (35) Afghanistan Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Benin 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Bolivia 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Burkina Faso 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Burundi Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Cameroon 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Central African Republic Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Comoros Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Congo, Democratic Republic of Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Congo, Republic of Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Cote d'Ivoire Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Ethiopia 2/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP The Gambia 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Ghana Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Guinea 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP ... ... ... 56.7 15.2 2.3 259.8 17.1 3.2 35.1 14.8 1.2 14.2 31.4 1.7 260.9 9.6 2.8 32.3 20.2 3.6 2.5 7.3 1.1 ... ... ... 183.6 8.3 6.6 ... ... ... 195.7 20.0 2.4 20.8 12.8 3.4 463.9 19.3 6.2 103.7 12.8 3.7 1.1 0.1 0.0 62.3 16.1 2.2 340.4 21.9 4.3 33.5 12.4 1.0 28.5 73.6 4.0 240.4 8.8 2.2 43.3 26.8 4.5 2.4 6.0 0.9 7.5 0.4 0.2 66.3 13.6 1.9 383.2 19.5 4.7 48.9 14.5 1.2 23.6 47.2 3.0 284.8 8.7 2.1 45.9 29.8 4.1 2.6 4.9 0.8 7.7 0.4 0.1 58.1 10.1 1.4 392.4 15.2 4.5 45.7 8.3 0.9 64.8 101.9 7.1 259.1 7.2 1.6 46.6 26.7 3.7 4.4 8.3 1.2 175.4 8.7 2.7 222.7 6.5 4.8 189.5 2.5 1.2 80.4 5.4 0.8 23.8 12.0 4.1 532.4 15.6 3.7 98.2 10.9 2.7 9.2 0.5 0.1 38.0 7.0 0.9 407.0 12.3 4.3 44.5 8.3 0.8 31.7 34.3 2.6 406.2 10.0 2.4 27.9 16.2 2.1 4.1 7.9 1.1 373.0 15.4 5.2 607.8 11.8 10.0 118.0 1.4 0.7 39.8 2.1 0.3 24.4 11.9 3.9 573.6 14.7 3.3 143.5 14.0 4.9 11.0 0.6 0.2 63.0 10.1 1.3 355.2 8.0 3.1 41.3 6.2 0.7 10.7 11.5 0.8 260.1 5.1 1.4 41.0 19.6 2.8 3.5 6.5 0.9 213.1 7.1 2.4 563.5 8.3 7.3 72.0 0.8 0.4 41.5 2.0 0.3 25.3 11.4 3.9 601.6 12.2 2.9 149.1 12.7 5.1 12.3 0.6 0.1 88.1 9.4 1.6 341.7 6.8 2.6 45.7 6.4 0.7 5.6 6.1 0.4 101.6 1.6 0.5 36.0 15.0 2.1 6.0 9.2 1.3 170.7 2.6 1.7 389.2 5.9 4.6 240.8 2.5 1.2 86.0 3.5 0.5 26.5 11.5 3.3 225.9 3.8 0.9 145.0 12.1 3.5 12.8 0.5 0.1 29.4 2.5 0.4 270.1 3.8 1.6 47.3 5.7 0.6 3.3 3.2 0.2 102.1 1.4 0.4 42.9 19.6 2.2 9.1 12.8 1.7 254.4 3.6 2.2 217.7 2.4 1.8 318.6 2.8 1.4 89.2 2.9 0.3 20.9 9.2 2.2 358.5 5.1 1.3 138.9 8.8 3.1 18.6 0.7 0.1 37.4 3.5 0.6 278.6 5.1 1.6 49.0 4.6 0.6 1.7 1.7 0.1 79.9 1.5 0.4 48.3 25.6 2.4 8.4 11.0 1.6 187.9 3.7 1.7 539.1 8.0 5.6 243.9 2.1 1.1 77.2 2.3 0.3 19.3 8.4 2.1 349.1 4.6 1.4 80.2 6.5 1.7 12.4 0.4 0.1 48.3 3.6 0.7 273.8 3.8 1.4 51.2 2.7 0.6 1.5 1.2 0.1 54.4 0.9 0.2 10.7 5.1 0.5 5.9 7.2 1.0 177.0 2.0 1.3 145.3 1.4 1.2 313.5 2.5 1.4 111.3 2.8 0.4 19.9 8.8 2.1 369.5 3.9 1.1 57.6 4.1 1.2 13.3 0.4 0.1 54.8 5.0 0.8 313.1 3.4 1.3 71.2 2.7 0.7 4.6 3.5 0.2 69.2 1.0 0.3 11.0 4.1 0.5 1.6 1.9 0.3 160.0 1.5 1.0 139.3 1.1 1.0 167.6 1.3 0.7 241.9 4.5 0.8 19.2 7.4 2.1 462.7 3.2 1.2 138.8 8.9 2.7 22.4 0.7 0.1 62.2 5.5 0.8 334.7 3.3 1.3 74.3 2.6 0.7 14.0 10.9 0.6 71.1 1.0 0.3 24.8 9.9 1.2 2.4 2.5 0.4 159.6 1.6 0.9 179.3 1.5 1.3 256.0 2.1 1.0 460.2 7.7 1.1 21.1 8.1 2.3 785.2 4.7 2.0 127.6 7.9 2.2 36.2 1.2 0.2 68.6 5.5 0.8 361.8 3.3 1.3 91.9 3.1 0.8 23.4 21.4 0.8 85.9 1.1 0.3 22.8 8.6 1.0 2.2 2.1 0.3 216.2 1.9 1.1 166.5 1.4 1.2 489.9 3.6 1.8 518.7 7.5 1.1 24.7 8.8 2.4 642.4 3.6 1.5 55.5 3.4 0.9 57.9 1.9 0.3 79.9 5.9 0.9 357.6 3.1 1.2 106.4 3.2 0.9 28.6 24.0 0.9 98.8 1.1 0.3 25.6 9.2 1.1 2.2 2.0 0.3 190.6 1.5 0.9 172.2 1.5 1.2 664.4 4.5 2.3 704.1 9.2 1.4 25.6 8.5 2.4 518.9 2.8 1.0 53.4 3.1 0.9 46.4 1.4 0.2 87.8 6.0 1.0 391.9 3.3 1.2 156.0 4.2 1.2 32.9 25.4 1.0 135.6 1.4 0.4 34.9 11.2 1.3 2.3 1.9 0.3 233.5 1.7 1.0 139.7 1.2 0.8 768.5 4.8 2.4 914.0 10.6 1.7 26.5 8.1 2.3 597.3 3.1 1.1 62.5 2.0 0.8 50.4 1.3 0.2 90.2 5.8 0.9 433.2 3.6 1.3 162.8 3.8 1.1 34.2 27.0 0.9 131.4 1.2 0.4 40.6 12.0 1.5 2.4 1.8 0.3 266.7 1.8 1.1 142.1 1.2 0.8 811.0 4.7 2.3 1,058.3 10.8 1.8 27.6 7.8 2.2 649.0 3.1 1.1 74.0 1.6 0.8 50.8 1.1 0.2 91.8 5.2 0.8 437.3 3.5 1.2 164.6 3.5 1.1 32.2 23.7 0.8 ... ... ... 28.8 7.9 1.0 ... ... ... 282.3 1.6 1.1 142.7 1.1 0.7 892.0 4.7 2.4 1,232.9 11.4 1.9 28.8 7.5 2.2 1,537.3 6.9 2.3 75.5 1.2 0.7 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Prel. 2012 2013 2014 2015 Projections 2016 2017

34.2 363.79 2.9 0.6 230.6 9.3 7.6 1.9 0.03 0.02 101.3 10.3 1.3 34.3 20.1 6.4 446.1 17.1 4.7 108.6 13.9 3.7 24.0 6.4 158.4 5.2 4.5 274.5 4.4 2.0 86.5 7.6 1.0 16.8 10.1 3.2 442.0 13.8 4.0 102.5 11.5 3.0

INTERNATIONAL MONETARY FUND 19

HIPC AND MDRI - STATISTICAL UPDATE

Table 2. Debt Service of 36 Post-Decision-Point HIPCs, 2001-2017 (In millions of U.S. dollars, unless otherwise indicated)
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Prel. 2012 2013 2014 2015 Projections 2016

Guinea-Bissau 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Guyana 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Haiti 2/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Honduras 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Liberia 2/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Madagascar 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Malawi 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Mali 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Mauritania 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Mozambique 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Nicaragua 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Niger 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Rwanda 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP So Tome and Principe 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Senegal 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Sierra Leone 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Tanzania 2/ 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP 1.4 2.0 0.4 57.1 8.6 5.1 36.6 8.3 1.0 189.6 4.8 2.5 0.6 0.3 0.1 46.7 3.5 1.0 93.7 19.5 5.5 79.0 9.0 2.6 33.8 9.5 3.0 27.1 2.8 0.7 153.3 13.7 2.9 32.6 9.9 1.8 22.2 11.2 1.3 2.7 24.1 3.5 168.6 12.0 3.5 94.2 73.0 8.8 376.6 26.3 3.8 2.6 4.1 0.6 45.2 6.8 3.8 40.7 9.3 1.2 224.6 5.2 2.9 ... ... ... 54.6 7.7 1.2 78.7 17.0 3.0 67.3 6.3 2.1 28.9 8.7 2.5 62.0 5.4 1.5 158.0 13.9 3.0 48.8 14.1 2.4 15.9 8.6 1.0 2.2 14.8 2.6 213.1 13.9 4.0 14.3 8.7 1.2 905.8 50.3 8.6 5.7 7.6 1.2 51.2 7.6 4.3 67.0 14.3 2.3 232.6 5.4 2.8 ... ... ... 69.0 5.6 1.3 94.8 20.0 3.9 67.2 5.8 1.6 28.9 9.1 2.2 71.8 5.3 1.5 98.3 7.5 1.8 45.3 10.9 1.7 15.5 8.2 0.8 2.8 17.5 2.7 264.1 14.4 3.8 14.3 6.2 1.0 671.7 33.0 6.0 6.2 7.5 1.2 45.3 6.2 3.6 48.4 9.5 1.4 329.7 6.4 3.7 0.6 0.2 0.1 71.2 5.0 1.6 102.7 19.0 3.9 78.2 6.5 1.6 22.0 5.0 1.5 58.1 3.3 1.0 76.3 4.6 1.3 43.1 8.1 1.5 19.9 7.2 0.9 3.3 21.6 2.9 799.7 36.6 9.9 24.5 9.9 1.7 562.0 24.3 4.6 4.2 4.2 0.7 35.3 5.1 2.7 104.2 17.3 2.4 365.0 6.4 3.8 0.6 0.2 0.1 68.9 5.1 1.4 103.1 18.5 3.7 57.5 4.3 1.0 30.4 4.9 1.6 66.6 3.2 1.0 87.2 4.4 1.4 31.6 5.6 0.9 14.5 4.4 0.6 7.0 44.0 5.7 299.3 12.7 3.4 25.9 8.9 1.6 334.8 11.8 2.4 5.1 6.0 0.9 27.6 3.8 1.9 52.1 7.5 1.1 134.4 2.2 1.2 1.2 0.2 0.2 81.8 5.0 1.5 86.3 14.3 2.8 46.9 2.6 0.8 26.4 1.8 0.9 23.3 0.8 0.3 98.3 4.1 1.4 13.8 2.3 0.4 10.2 2.9 0.3 25.1 155.7 18.6 178.2 7.4 1.9 18.6 5.2 1.0 30.2 0.9 0.2 5.6 4.7 0.8 19.0 2.3 1.1 65.2 8.3 1.1 201.1 3.1 1.6 0.2 0.0 0.0 22.3 1.0 0.3 16.1 1.8 0.4 109.0 5.6 1.5 57.9 3.9 2.1 35.1 1.2 0.4 90.5 3.3 1.2 14.5 1.9 0.3 10.1 2.4 0.3 3.3 24.7 2.3 163.6 5.7 1.4 15.0 4.3 0.7 42.5 1.1 0.3 4.1 3.0 0.5 20.5 2.1 1.1 68.5 8.2 1.0 131.0 1.8 0.9 0.7 0.1 0.1 63.2 2.5 0.7 12.8 1.2 0.3 108.7 4.2 1.2 85.9 4.5 2.4 81.1 2.5 0.8 100.0 3.3 1.2 19.1 1.8 0.4 8.8 1.3 0.2 1.9 10.9 1.0 151.7 4.3 1.1 41.1 11.0 1.7 73.5 1.5 0.4 11.3 8.7 1.4 17.5 1.8 0.9 36.1 3.9 0.5 219.8 3.8 1.5 0.5 0.1 0.0 47.7 2.5 0.6 13.3 1.3 0.3 76.0 3.6 0.8 112.4 7.4 3.7 49.5 1.8 0.5 114.0 4.0 1.4 18.7 1.7 0.4 9.5 1.7 0.2 1.6 8.3 0.8 155.3 5.0 1.2 15.1 4.5 0.6 48.3 0.9 0.2 2.6 1.9 0.3 28.7 2.6 1.3 18.8 2.3 0.3 104.5 1.5 0.7 4.2 0.8 0.3 64.3 3.1 0.7 17.5 1.3 0.3 90.3 3.7 1.0 66.7 3.0 1.8 58.9 2.0 0.6 102.7 2.8 1.2 15.4 1.2 0.3 16.2 2.7 0.3 1.6 6.4 0.8 185.1 5.7 1.4 16.0 3.8 0.6 53.3 0.9 0.2 0.9 0.4 0.1 40.0 2.8 1.6 9.0 0.9 0.1 173.3 2.0 1.0 6.2 0.9 0.4 81.2 3.1 0.8 26.7 2.1 0.4 71.7 2.6 0.7 103.3 3.4 2.4 75.0 2.0 0.6 103.0 2.2 1.1 28.7 2.0 0.5 43.5 4.9 0.7 2.4 8.0 0.9 501.4 14.0 3.5 19.9 4.3 0.7 74.4 1.1 0.3 1.5 1.1 0.2 287.7 18.5 10.3 19.1 1.8 0.2 148.9 1.6 0.8 7.4 0.9 0.4 84.3 3.1 0.8 33.0 2.6 0.8 57.4 1.8 0.6 117.6 4.4 2.8 139.7 3.2 1.0 132.3 2.5 1.3 414.5 25.8 6.4 215.2 24.1 3.1 3.5 10.3 1.3 280.0 8.3 2.0 24.0 2.5 0.6 144.6 1.8 0.6 6.0 3.3 0.6 37.5 2.3 1.2 37.4 3.2 0.4 147.1 1.6 0.8 8.6 1.0 0.5 84.9 2.6 0.8 38.3 2.6 1.0 118.7 3.6 1.1 151.8 5.5 3.4 149.7 2.9 0.9 150.6 2.7 1.4 85.3 4.9 1.3 130.1 14.5 1.7 4.1 11.1 1.4 292.0 8.4 2.0 35.8 2.3 0.9 295.9 3.3 1.0 13.5 6.2 1.3 42.8 2.4 1.3 62.1 4.8 0.5 186.3 1.9 0.9 12.9 1.5 0.6 90.3 2.5 0.8 59.0 3.7 1.4 137.3 4.0 1.2 160.9 6.2 3.5 198.8 3.6 1.2 170.4 2.9 1.5 67.6 3.2 0.9 71.9 8.0 0.8 4.7 10.8 1.4 261.1 7.3 1.7 48.2 2.4 1.0 372.4 3.7 1.1 13.7 6.1 1.2 57.5 3.0 1.6 88.2 6.2 0.7 251.8 2.5 1.2 16.3 1.3 0.7 91.5 2.3 0.8 62.4 3.6 1.4 153.8 4.4 1.3 165.6 4.8 2.8 224.0 3.8 1.2 194.2 3.0 1.6 67.4 3.1 0.8 79.9 8.9 0.9 5.4 2.9 1.2 262.4 6.9 1.6 55.3 2.4 1.1 489.0 4.3 1.4 13.8 5.9 1.1 79.8 4.0 2.1 119.9 7.8 0.9 283.4 2.8 1.3 20.1 1.6 0.8 93.8 2.1 0.7 66.5 3.6 1.4 162.8 4.6 1.2 183.3 5.0 2.9 280.8 3.9 1.3 222.3 3.3 1.8 72.7 3.1 0.8 77.1 8.6 0.8 4.3 1.0 0.6 292.1 7.1 1.6 61.2 2.6 1.1 549.9 4.4 1.5 9.3 3.7 0.7 88.4 4.1 2.2 ... ... ... 326.3 3.1 1.5 22.4 1.8 0.9 96.3 1.9 0.7 61.5 3.1 1.2 174.6 4.9 1.2 193.7 5.0 2.8 382.3 4.4 1.6 199.3 2.6 1.5 75.8 2.8 0.8 185.4 20.7 1.7 5.7 1.1 0.7 307.3 7.0 1.6 65.0 2.7 1.1 668.6 4.8 1.7

20

INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Table 2. Debt Service of 36 Post-Decision-Point HIPCs, 2001-2017 (In millions of U.S. dollars, unless otherwise indicated)
Togo Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Uganda 2/ 3/4/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP Zambia 3/ Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP B. Interim HIPCs (1) Chad Due after enhanced HIPC Initiative and MDRI relief 1/ In percent of export In percent of GDP 19.9 7.9 1.2 36.4 14.4 1.8 52.4 7.8 1.9 45.5 2.0 1.0 57.2 1.8 1.0 69.8 2.0 1.1 61.6 1.6 0.9 136.5 3.1 1.6 65.3 2.0 0.9 62.1 1.6 0.7 109.2 2.3 1.0 157.6 3.3 1.4 241.3 5.1 2.1 271.0 5.1 2.0 299.9 5.0 2.1 325.2 5.8 2.2 363.2 6.9 2.4 17.8 4.0 1.3 168.8 24.9 2.5 138.5 13.1 3.8 1.4 0.3 0.1 169.2 24.6 2.7 122.7 10.8 3.3 2.7 0.4 0.2 152.0 20.3 2.3 191.5 15.2 4.4 2.3 0.3 0.1 167.5 16.6 2.1 373.2 17.9 6.9 2.5 0.3 0.1 185.5 14.1 2.0 165.6 6.5 2.3 3.5 0.4 0.2 135.2 8.6 1.4 66.0 1.6 0.6 8.7 0.9 0.3 80.8 4.0 0.7 61.6 1.3 0.5 71.0 6.3 2.2 73.9 2.7 0.5 64.2 1.2 0.4 46.7 4.0 1.5 89.9 2.9 0.6 55.3 1.2 0.4 41.5 3.5 1.2 94.4 2.7 0.5 49.3 0.6 0.3 13.7 0.9 0.4 98.1 2.6 0.6 40.1 0.4 0.2 25.7 1.8 0.7 110.9 2.5 0.6 257.9 2.8 1.3 25.7 1.7 0.7 127.0 2.7 0.6 146.9 1.4 0.7 38.2 2.3 1.0 142.7 2.9 0.6 121.3 1.0 0.5 40.3 2.3 1.0 139.8 2.6 0.6 135.5 1.0 0.5 47.3 2.5 1.1 138.0 2.4 0.5 178.7 1.2 0.6 49.9 2.5 1.1 140.1 2.3 0.5 198.8 1.2 0.6

Sources: HIPC country documents, and World Bank and IMF staff estimates. Note: Data corresponding to years of decision and completion points under the enhanced HIPC Initiative are in thin and thick boxes, respectively. 1/ Debt service paid covers 2001-2011, and debt service due covers 2012-2017. For post-completion point HIPCs, debt service due reflects the negotiated relief by the debtor countries , additional debt relief, provid by some Paris Club Creditors on a voluntary basis, and MDRI (for countries that have reached the completition point in the more recent years, debt service projections assume full HIPC Initiative debt relief along wit additional debt relief by the Paris Club and MDRI). For pre-completion-point countries, debt service due includes interim debt relief and full HIPC Initiative and MDRI assistance expected at the projected completion 2/ Data reported on a fiscal year basis. 3/ Reached decision point in 2000. 4/ Reached completion point in 2000.

INTERNATIONAL MONETARY FUND 21

HIPC AND MDRI - STATISTICAL UPDATE

Table 3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001-2017 1/


2001 A. Post-Completion-Point HIPCs Afghanistan In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Benin 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Bolivia 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Burkina Faso 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Burundi In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Cameroon 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Central African Republic In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Comoros In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Democratic Republic of the Congo In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Republic of the Congo In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Cote d'Ivoire In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Ethiopia 6/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP The Gambia 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Ghana In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Guinea 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP ... ... ... 147.8 38.6 5.9 953.9 53.2 11.7 109.8 35.4 3.9 28.5 22.4 3.4 335.6 20.5 3.6 ... ... ... ... ... ... ... ... ... ... ... ... 134.5 7.4 1.3 733.4 61.0 9.1 19.6 31.1 3.3 329.6 34.9 4.4 102.9 30.7 3.6 ... ... ... 138.2 29.3 4.9 978.1 58.0 12.4 156.8 39.0 4.9 30.3 23.8 4.2 365.0 20.0 3.4 ... ... ... ... ... ... ... ... ... ... ... ... 156.1 7.0 1.4 ... ... ... 202.1 33.1 5.7 ... ... ... 221.9 32.8 5.5 244.1 58.7 3.9 211.5 28.7 4.9 307.8 53.4 4.4 224.0 28.1 4.8 375.1 55.9 4.3 242.7 21.2 4.4 492.1 60.6 4.7 327.4 25.2 4.9 606.2 47.0 4.9 337.3 27.7 5.1 660.0 37.6 4.1 592.2 48.6 9.0 705.4 35.9 3.9 209.8 16.3 2.9 793.7 40.2 4.0 268.8 18.9 3.6 891.7 39.9 4.3 291.1 18.9 3.6 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Prel. 2012 2013 2014 2015 Projections 2016 2017

949.3 1,079.1 1,159.2 1,561.7 1,931.0 2,431.0 2,451.8 2,789.1 3,399.9 3,755.3 3,982.8 4,241.0 4,512.7 4,810.0 5,138.4 56.5 51.3 41.8 41.6 43.3 37.3 40.5 43.8 39.7 37.1 37.6 38.5 38.8 39.3 39.7 11.7 12.3 12.1 13.5 14.5 14.6 14.0 14.1 14.1 14.0 13.9 13.9 13.9 13.9 13.9 201.1 35.6 4.8 42.0 33.4 5.4 258.2 12.0 1.9 ... ... ... ... ... ... ... ... ... 142.9 12.6 4.1 199.6 7.9 1.5 274.8 39.0 5.7 48.8 36.6 5.4 824.1 35.6 5.2 ... ... ... ... ... ... ... ... ... 210.4 13.9 4.5 251.1 8.6 1.6 307.2 46.5 5.6 58.4 36.5 4.8 320.0 40.5 5.5 82.4 47.4 6.3 381.6 39.0 5.6 126.7 69.7 9.7 445.3 44.3 5.3 209.0 96.9 13.5 551.2 45.9 6.6 274.8 111.0 15.8 609.7 43.5 6.8 323.8 109.9 16.0 632.6 39.7 6.2 372.6 111.0 17.1 ... ... ... 60.0 27.2 2.7 53.6 66.9 9.2 980.3 32.9 6.2 788.5 46.3 7.5 453.4 129.2 17.9 ... ... ... ... ... ... ... ... ... 869.4 46.2 7.8 530.0 136.6 19.0 ... ... ... ... ... ... ... ... ... 898.3 43.7 7.4 621.8 142.1 20.3 ... ... ... ... ... ... ... ... ... 923.9 1,003.4 1,088.5 40.7 39.1 39.1 7.0 7.0 7.0 703.7 143.1 21.2 ... ... ... ... ... ... ... ... ... 777.7 143.5 21.6 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...

974.9 1,154.8 1,442.0 1,704.6 1,879.2 2,079.4 35.5 34.4 36.8 38.7 47.7 55.0 5.9 6.4 7.1 7.2 8.5 9.2 ... ... ... ... ... ... ... ... ... 279.3 12.5 4.6 890.1 33.5 5.4 ... ... ... ... ... ... 480.6 45.8 5.4 461.9 12.8 6.0 33.2 17.7 2.0 ... ... ... 599.1 39.6 6.0 659.1 19.0 7.8 44.2 22.5 2.2 41.6 63.1 7.8 727.4 38.6 6.3 713.1 13.9 6.0 63.9 28.8 3.2 39.4 51.0 7.4 736.5 43.5 6.6 877.8 29.9 9.1 39.0 16.8 2.0 37.8 46.0 6.6 889.6 36.1 6.8

923.1 1,041.3 1,303.2 1,410.5 1,542.1 1,707.4 23.4 24.8 28.1 27.6 27.7 27.6 5.2 5.4 6.3 6.3 6.4 6.5 711.8 12.0 5.1 747.5 12.4 5.2 797.5 13.0 5.4 852.7 13.1 5.1 903.5 13.6 5.0 ... ... ...

923.7 1,230.3 20.6 21.4 7.7 8.5

976.8 1,178.0 1,629.4 1,743.1 1,790.6 1,789.0 1,918.0 2,266.7 2,491.8 2,751.7 2,980.0 3,246.8 29.0 29.2 40.1 40.4 40.8 49.8 39.3 42.0 42.1 42.6 42.1 41.8 5.6 5.9 6.9 7.7 7.8 7.4 7.9 8.4 8.4 8.6 8.6 8.6

884.0 1,001.4 1,180.4 1,618.6 2,106.9 2,542.7 3,127.0 3,199.5 3,503.9 3,688.7 4,991.1 5,525.5 6,008.2 6,559.1 7,112.4 7,698.3 72.9 77.2 73.3 90.0 93.8 105.3 100.9 90.1 88.1 90.2 89.3 91.8 90.5 89.3 88.4 88.4 11.4 11.7 11.8 13.2 13.9 13.3 12.1 10.8 12.4 12.2 12.2 12.2 12.2 12.2 12.1 12.1 18.4 30.2 3.4 276.1 27.3 2.9 131.5 34.0 4.5 16.3 28.2 3.1 483.3 32.0 4.3 121.9 32.3 3.5 21.5 25.6 3.7 676.2 34.3 4.6 116.3 31.7 3.2 19.7 21.7 3.2 21.7 20.1 3.3 31.1 22.6 3.9 37.2 23.7 3.9 34.0 23.3 3.8 35.8 25.0 3.7 35.7 24.6 4.0 35.7 23.5 3.9 38.5 23.7 3.8 40.6 22.0 3.7 42.5 20.9 3.7 44.6 20.3 3.6 47.0 20.0 3.5

904.2 1,339.9 1,357.9 1,304.9 1,299.5 1,636.2 1,758.6 1,688.9 2,129.3 2,485.0 2,787.7 3,097.9 3,506.8 38.9 48.4 41.2 39.4 37.5 36.2 27.9 24.9 27.9 26.3 26.2 25.4 26.5 5.2 6.6 5.5 4.6 5.0 5.1 4.6 4.2 5.0 5.0 5.1 5.2 5.4 114.4 33.1 3.9 112.7 29.3 3.9 177.2 29.8 4.3 205.0 32.6 4.5 320.0 44.0 6.9 322.0 47.1 6.5 223.5 27.5 4.3 577.2 53.1 10.0 544.1 43.8 8.7 583.9 46.4 9.4 618.9 40.0 8.3 656.0 36.5 7.3 695.4 35.8 6.5

22

INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Table 3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001-2017


2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Prel. 2012 2013 2014 2015 Projections 2016 2017

Guinea-Bissau 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Guyana 3/ 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Haiti 6/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Honduras 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Liberia 3/ 6/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Madagascar 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Malawi 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Mali 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Mauritania 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Mozambique 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Nicaragua 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Niger 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Rwanda 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP So Tome and Principe 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Senegal 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Sierra Leone In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Tanzania 4/ 6/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP

... ... ... 144.3 62.4 12.8 ... ... ... 557.2 47.7 7.3 ... ... ... 190.9 41.8 4.2 161.9 56.0 9.4 155.4 36.7 5.1 79.1 35.2 7.0 590.6 145.5 14.5 361.5 ... 6.8 ... ... ... 90.6 47.9 5.4 13.7 138.2 17.9 303.6 37.0 6.2 36.7 37.3 3.4 595.1 56.8 6.0

... ... ... 151.0 65.0 12.8 ... ... ... 493.7 40.9 6.3 ... ... ... 190.9 51.1 4.3 189.7 63.0 7.1 190.0 33.0 5.9 105.0 29.7 9.1 647.5 128.1 15.4 410.7 70.1 7.9 169.8 67.9 8.2 107.8 54.8 6.4 12.1 98.1 14.3 313.2 30.4 5.9 57.4 51.9 4.7 799.3 72.6 7.6

... ... ... 159.5 61.6 13.3 ... ... ... 526.5 40.9 6.4 ... ... ... 202.9 35.4 3.7 182.5 52.3 7.5 322.5 40.8 7.6 214.0 54.7 16.6 699.3 113.7 15.0 467.5 71.6 8.8 221.5 75.4 8.4 115.4 53.9 6.3 15.2 101.6 15.0 456.3 33.8 6.6 59.7 52.4 4.4

... ... ... 157.2 53.7 12.6 ... ... ... 615.9 30.2 7.0 ... ... ... 134.5 25.6 3.1 164.9 37.3 6.3 367.4 39.5 7.4 179.5 39.0 12.0 875.8 98.3 15.4 536.0 71.5 9.3 280.6 79.0 9.7 137.0 52.8 6.5 14.7 90.3 13.3 648.9 40.9 8.1 49.9 39.1 3.5

... ... ... 173.8 57.2 13.2 ... ... ... 737.9 33.3 7.6 ... ... ... 528.8 103.6 10.5 218.6 43.2 7.9 325.7 35.6 5.9 129.1 28.7 7.0

... ... ... 192.3 56.8 13.2 ... ... ... 737.2 30.9 6.8 ... ... ... 604.1 92.0 11.0 269.0 49.9 8.6 411.1 36.8 6.7 185.7 23.4 6.6

... ... ... ... ... ... ... ... ...

... ... ... ... ... ... ... ... ...

27.5 34.7 3.3 ... ... ... 166.6 23.3 2.5

18.5 19.6 2.2 ... ... ... 240.3 30.5 3.6

25.5 25.3 2.6 ... ... ... 306.0 32.6 3.9

45.8 38.7 5.2 ... ... ... ... ... ...

49.5 38.4 5.3 ... ... ... ... ... ...

52.9 38.5 5.0 ... ... ... ... ... ...

56.8 38.9 5.0 ... ... ... ... ... ...

60.9 39.0 5.1 ... ... ... ... ... ...

... ... ... ... ... ... ... ... ...

954.0 1,089.7 1,107.8 1,158.1 1,222.2 1,281.6 1,322.8 1,382.0 1,450.9 1,523.4 1,599.5 35.7 32.6 34.1 32.5 31.8 31.5 29.9 31.5 33.0 33.2 33.9 7.7 7.9 7.6 7.3 6.9 7.0 7.0 7.0 7.1 7.2 7.4 ... ... ... 764.3 84.9 10.4 388.7 58.0 10.7 487.2 38.5 6.8 264.5 35.8 9.4 ... ... ... 933.9 81.3 9.9 551.2 64.8 12.9 541.2 42.9 6.2 400.4 51.5 11.3 ... ... ... 907.2 95.3 10.6 626.9 60.7 12.5 629.3 39.0 7.0 333.2 43.8 11.0 224.9 65.0 18.4 916.3 87.4 10.5 710.1 53.0 13.2 706.3 43.5 7.5 327.2 36.7 8.9 223.3 66.7 15.7 925.5 88.0 9.3 613.2 43.2 10.1 695.4 41.3 6.5 385.0 34.1 9.0 253.6 58.6 15.3 953.2 91.0 9.5 846.3 61.5 20.0 475.8 27.5 4.7 456.5 39.2 10.9 301.1 65.4 16.3 328.9 62.2 16.5 348.8 61.0 15.7 390.1 65.9 16.0 407.0 64.8 15.8 ... ... ... 845.4 65.7 16.2 614.2 24.0 4.3 ... ... ... ... ... ...

981.8 1,011.3 1,041.6 1,072.9 80.8 82.7 75.6 73.1 9.3 9.1 8.8 8.2 685.6 68.5 18.3 462.6 24.1 4.3 488.4 38.9 11.0 704.0 72.7 17.2 498.8 24.4 4.3 522.6 41.8 11.4 ... ... ... 739.2 69.4 16.6 534.7 24.2 4.3 ... ... ... ... ... ... 796.9 67.9 16.5 571.5 24.1 4.3 ... ... ... ... ... ...

943.4 1,183.8 1,331.7 1,958.8 2,097.6 2,119.5 2,146.0 2,459.8 2,850.0 106.5 113.9 96.0 128.4 123.5 107.9 71.8 73.3 80.5 14.3 16.4 16.4 19.7 21.0 22.2 17.1 16.8 18.1 620.7 72.4 9.8 291.5 85.3 8.6 216.4 66.5 8.4 14.4 23.9 11.7 732.6 46.0 8.4 53.5 35.5 3.3 632.3 65.0 9.3 339.0 68.1 9.3 274.5 72.3 8.8 15.8 67.6 11.7 771.1 70.8 10.4 376.0 54.7 8.8 391.5 84.2 10.5 12.4 23.7 8.6 850.1 52.3 10.3 430.1 46.9 8.0 572.8 84.0 12.2 11.2 38.5 6.1 837.0 53.3 10.4 401.5 49.6 7.5 707.8 106.3 13.6 23.9 76.0 12.2 847.9 47.5 10.1 353.4 45.5 6.2 689.8 95.1 12.4 37.1 102.2 18.5

922.5 1,084.3 1,203.6 1,341.7 1,489.9 1,642.7 1,825.3 42.4 43.5 45.3 46.7 48.2 49.6 51.3 9.9 11.0 11.5 12.0 12.5 13.0 13.5 626.2 72.7 9.9 932.1 103.3 14.6 38.2 88.3 15.4 633.2 61.0 9.8 691.6 59.3 10.1 729.3 56.1 9.8 772.9 53.7 9.7 855.0 53.6 9.9 923.1 52.5 9.9

907.4 1,116.8 1,348.3 1,638.1 1,984.9 2,405.9 94.3 101.7 110.2 121.2 132.1 143.4 13.1 14.4 15.9 17.7 19.7 21.8 50.2 93.1 19.0 32.3 60.2 11.0 ... ... ... 138.9 26.5 3.4 22.3 36.0 6.8 ... ... ... 157.5 26.2 3.3 ... ... ... ... ... ... 169.0 26.1 3.4 ... ... ... ... ... ... 181.8 25.8 3.4 ... ... ... ... ... ... 195.7 25.3 3.4

795.7 1,010.6 1,180.4 1,215.6 1,289.7 1,349.6 1,356.2 41.0 39.9 49.3 48.6 51.8 48.8 47.6 8.5 8.9 8.8 9.5 10.0 9.3 9.7 61.6 35.5 3.3 53.4 28.3 2.5 108.6 49.4 4.4 93.8 48.3 3.9 99.3 41.4 3.9 122.8 24.8 4.2 125.7 22.5 3.3

860.7 1,023.6 1,095.4 1,544.1 2,071.3 2,876.9 3,685.7 4,026.3 4,366.3 5,070.9 5,777.1 6,159.2 6,494.4 6,838.3 7,117.9 74.0 77.7 69.6 91.1 95.8 93.5 112.8 115.7 119.6 110.2 103.1 102.0 101.1 99.6 97.2 7.6 8.5 8.0 10.8 13.6 15.1 17.6 17.6 18.4 19.7 19.1 18.7 18.7 18.6 18.3

INTERNATIONAL MONETARY FUND 23

HIPC AND MDRI - STATISTICAL UPDATE

Table 3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001-2017


2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Prel. 2012 2013 2014 2015 Projections 2016 2017

Togo In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Uganda 4/ 5/ 6/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP Zambia 4/ In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP B. Interim HIPCs Chad In millions of U.S. dollars In percent of government revenue 2/ In percent of GDP

69.2 35.4 5.2 235.3 36.0 3.5 45.7 7.0 1.3

64.0 32.5 4.3 335.7 46.3 5.4 35.3 5.3 1.0

75.4 24.3 4.5 343.1 41.3 5.2 46.8 5.9 1.1

93.5 26.6 4.8 377.7 39.1 4.8

106.7 33.8 5.0 448.5 39.8 4.9

137.6 34.9 6.2 475.4 36.2 4.8

161.4 35.8 6.4 614.4 39.8 5.2

201.2 44.3 6.3 559.9 30.8 3.9

254.9 291.6 45.4 48.7 8.1 8.8 676.8 31.1 4.3 348.4 14.1 2.0

373.6 58.8 11.8 515.0 14.1 3.1

435.8 63.9 12.4 478.7 12.5 2.5

452.4 59.9 12.8 ... ... ...

483.3 61.7 12.9 ... ... ...

511.0 61.1 13.0 ... ... ...

519.8 59.1 12.5 ... ... ...

538.9 57.6 12.4 ... ... ...

111.1 1,198.9 11.2 74.6 2.0 16.7

906.4 1,109.0 1,021.6 60.4 50.0 48.3 8.5 9.6 7.0

850.3 1,037.4 1,295.9 1,628.0 1,664.0 1,794.1 1,959.9 2,182.0 2,414.2 38.3 36.0 34.0 42.0 37.7 34.3 32.4 31.4 31.0 6.6 6.4 6.7 8.0 7.4 7.2 7.1 7.2 7.2

64.3 51.6 3.8

84.8 48.6 4.3

113.0 48.4 4.1

132.4 32.7 3.0

326.0 62.3 5.5

558.0 52.2 8.8

806.4 50.5 11.5

892.8 43.6 10.6

942.7 78.5 13.3

887.4 1,086.0 1,167.4 1,289.4 1,492.7 1,668.1 1,709.6 1,788.1 44.0 40.6 47.6 53.4 54.7 50.9 54.3 58.0 10.4 10.3 10.7 11.0 11.3 11.5 11.7 12.0

Sources: HIPC country documents, and World Bank and IMF staff estimates. Note: Data corresponding to years of decision and completion points under the enhanced HIPC Initiative are in thin and thick boxes, respectively. 1/ The coverage of poverty-reducing expenditures varies across countries, but is generally consistent with the definition in the PRSP and the budget of each HIPC. In some countries, the definition of poverty-reducing expenditures has evolved over time to include more sectors; therefore, some of the increase in such spending over the 2001-2003 period may reflect changes in the definition. In the majority of countries expenditures on health and education are included but beyond that there are wide variations in the sectoral spending included. 2/ Central government revenue excluding grants. 3/ Currently fiscal data reported by authorities does not allow monitoring of poverty reduction expenditures. 4/ Reached decision point in 2000. 5/ Reached completion point in 2000. 6/ Data reported on a fiscal year basis.

24

INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Table 4. HIPC Initiative and MDRI: Committed Debt Relief and Outlook 1/ Status as of end-December 2012 (In millions of U.S. dollars)
Decision Point Date Completion Point Date Assistance under the HIPC Initiative Assistance Delivered Total HIPC and under MDRI 2/ MDRI Assistance In Nominal Terms (5) 76,118 1,280 460 2,060 930 1,366 4,917 804 136 15,222 1,738 3,415 3,275 112 3,500 800 790 1,354 213 1,000 4,600 1,900 1,628 895 1,100 4,300 4,500 1,190 1,316 263 850 994 3,000 360 1,950 3,900 260 260 50,357 39 1,144 2,829 1,230 108 1,292 306 78 1,051 196 1,830 3,309 386 3,905 1,323 134 709 962 2,723 261 2,415 1,596 2,009 890 2,047 1,913 1,074 519 70 2,489 670 3,842 712 3,524 2,770 182 82 100 50,539 In Nominal Terms (6)=(4)+(5) 125,629 1,319 1,604 4,889 2,160 1,474 6,209 1,110 215 16,273 1,934 5,245 6,584 498 7,405 2,123 790 2,063 1,175 3,723 4,861 4,315 3,224 2,904 1,990 6,347 6,413 2,264 1,835 334 3,339 1,664 6,842 360 5,474 6,670 260 260 182 82 100 126,071

In PV Terms as of Decision Point 3/ 4/ (1) 35 Post-Completion-Point HIPCs Afghanistan Jul-07 Benin Jul-00 Bolivia 5/ Feb-00 Burkina Faso 5/ 6/ Jul-00 Burundi Aug-05 Cameroon Oct-00 Central African Republic Sep-07 Comoros Jun-10 Congo, Dem. Rep. of the Jul-03 Congo, Rep. of Mar-06 Cote d'Ivoire Mar-09 Ethiopia 6/ Nov-01 Gambia, The Dec-00 Ghana Feb-02 Guinea Dec-00 Guinea-Bissau 6/ Dec-00 Guyana 5/ Nov-00 Haiti Nov-06 Honduras Jun-00 Liberia 8/ Mar-08 Madagascar Dec-00 Malawi 6/ Dec-00 Mali 5/ Sep-00 Mauritania Feb-00 Mozambique 5/ Apr-00 Nicaragua Dec-00 Niger 6/ Dec-00 Rwanda 6/ Dec-00 So Tom and Prncipe 6/ Dec-00 Senegal Jun-00 Sierra Leone Mar-02 Tanzania Apr-00 Togo Nov-08 Uganda 5/ Feb-00 Zambia Dec-00 1 Interim HIPCs Chad 2 Non-HIPCs 7/ Cambodia Tajikistan Total Debt Relief Committed Sources: HIPC documents, and World Bank and IMF staff estimates. May-01 (2) (3) 582 262 1,330 553 833 1,267 578 146 7,252 1,575 1,576 1,935 67 2,187 639 489 610 140 556 2,739 836 939 539 622 2,143 3,308 644 651 117 488 675 2,026 282 1,027 2,499 ... 170

In Nominal Terms (4)

Jan-10 Mar-03 Jun-01 Apr-02 Jan-09 Apr-06 Jun-09 Dec-12 Jul-10 Jan-10 Jun-12 Apr-04 Dec-07 Jul-04 Sep-12 Dec-10 Dec-03 Jun-09 Apr-05 Jun-10 Oct-04 Aug-06 Mar-03 Jun-02 Sep-01 Jan-04 Apr-04 Apr-05 Mar-07 Apr-04 Dec-06 Nov-01 Dec-10 May-00 Apr-05

... ...

... ...

... ...

... ... 76,378

1/ Committed debt relief under the assumption of full participation of creditors. 2/ Nominal MDRI costs include principal and interest foregone for all multilaterals participating in the Initiative, except IMF, which only include principal. The estimated costs for IMF reflect the stock of debt eligible for MDRI relief, which is the debt outstanding (principal only) as of end-2004 and that has not been repaid by the member and is not covered by HIPC assistance (http://www.imf.org/external/np/pp/eng/2005/111605.htm). 3/ Topping-up assistance and assistance provided under the original HIPC Initiative are expressed in PV-terms as of the time of the decision point. 4/ No totals are shown because the amounts are in different PV terms (according to the date of the decision point). 5/ Also reached completion point under the original HIPC Initiative. The assistance includes original debt relief. 6/ Assistance includes topping up at completion point. 7/ IMF MDRI debt relief to Cambodia and Tajikistan. 8/ Liberia received MDRI-type (beyond-HIPC) debt relief at end-June 2010, which was financed from the Liberia Administered Account.

INTERNATIONAL MONETARY FUND 25

HIPC AND MDRI - STATISTICAL UPDATE

Table 5. HIPC Initiative: Cost Estimates to Multilateral Creditors and Status of their Commitments to Post-Completion-Point HIPCs Status as of end December 2012 (In millions of U.S. dollars, in end-2011 PV terms)
Creditors Number of Completion Point Total Relief Commited HIPC Assistance Costs In millions of U.S. Percent dollars, in end-2011 of Total PV Terms Cost 28,121 13,208 5,001 4,527 1,688 1,073 737 463 346 275 192 92 134 89 87 68 40 36 26 18 8 5 5 1 0 165.8 45.0 29.9 12.7 12.8 57.7 4.1 2.5 1.0 28,287 99.4 46.7 17.7 16.0 6.0 3.8 2.6 1.6 1.2 1.0 0.7 0.3 0.5 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.6 0.2 0.1 0.0 0.0 0.2 0.0 0.0 0.0 100.0

Delivering or Committed to Deliver Debt Relief World Bank Group African Development Bank (AfDB) Group International Monetary Fund (IMF) Inter-American Development Bank (IaDB) European Union/European Investment Bank (EU/EIB) Central American Bank for Economic Integration (CABEI) International Fund for Agricultural Development (IFAD) Arab Bank for Economic Development in Africa (BADEA) OPEC Fund for International Development (OFID) Islamic Development Bank (IsDB) Arab Fund for Economic and Social Development (AFESD) Corporacin Andina de Fomento (CAF) West African Development Bank (BOAD) Caricom Multilateral Clearing Facility (CMCF) Asian Development Bank (AsDB) Nordic Development Fund (NDF) Fund for the Financial Development of the River Plate Basin (FONPLAT Caribbean Development Bank (CDB) Arab Monetary Fund (AMF) Central Bank of West African States (BCEAO) Nordic Investment Bank (NIB) East African Development Bank (EADB) Shelter Afrique Banco Interamericano de Ahorro y Prstamo (BIAPE)

35 29 35 5 30 2 34 27 35 15 1 1 4 5 1 9 1 1 1 3 1 2 2 1

35 29 35 5 30 2 34 27 35 14 1 1 4 5 1 9 1 1 1 1 1 2 1 1

Have not Indicated Intention to Provide Relief under the HIPC Initiative Banque des Etats de l'Afrique Centrale (BEAC) 1 Economic Community of West African States (ECOWAS) 10 Eastern and Southern African Trade and Development Bank (PTA Ban 2 Banque de Dveloppement des Etats de l'Afrique Centrale (BDEAC) 2 Banque de Dvelopment des Etats des Grands Lacs (BDEGL) 2 Conseil de L'Entente (FEGECE) 3 Fondo Centroamericano de Estabilizacin Monetaria (FOCEM) 1 Islamic Solidarity Fund for Development (ISFD) 1 Total

0 0 0 0 0 0 0 0

Sources: HIPC documents, country authorities, and World Bank and IMF staff estimates.

26

INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Table 6A. Status of Delivery of HIPC Initiative and MDRI Assistance by the World Bank Status as of end-December 2012 (In millions of U.S. dollars)
Table 6A. Status of Delivery of HIPC Initiative and MDRI Assistance by the World Bank
Status as of end-December 2012
(In millions of U.S. dollars) World Bank Assistance under the HIPC Initiative Assistance under the MDRI (IDA only) Delivered Delivered Assistance in Assistance in end-2011 PV Nominal Terms Terms 2/ (V) 34,297.6 38.6 703.4 1,554.7 755.8 64.7 838.5 187.4 45.9 895.1 179.1 1,556.3 2,398.3 201.8 3,065.8 1,027.5 73.4 193.7 470.2 1,214.2 70.6 1,814.5 1,260.6 1,293.7 563.2 1,342.3 791.1 765.1 366.9 26.5 1,897.8 395.1 2,882.7 588.2 2,847.8 1,927.2 (VI) 23,235.4 22.5 513.7 1,118.2 516.6 43.5 575.9 133.5 28.0 506.4 117.6 1,025.7 1,486.8 142.5 2,103.4 606.0 40.9 136.3 346.5 851.2 53.4 1,264.8 810.2 924.5 387.7 950.2 499.4 489.7 211.2 16.7 1,390.1 248.5 1,995.7 426.8 1,991.2 1,260.2 Total Committed Assistance under the HIPC Initiative and MDRI in end2011 PV Terms Total Delivered Assistance under the HIPC Initiative and MDRI in end2011 PV Terms

Committed Committed Assistance in Assistance in PV Terms as of Nominal Terms Decision Point (I) 35 Post-Completion-Point HIPCs TOTAL 3/ Afghanistan Benin Bolivia 4/ Burkina Faso 4/ 5/ Burundi Cameroon Central African Republic Comoros Congo, Dem. Rep. of Congo, Republic of Cte dIvoire Ethiopia 5/ Gambia, The Ghana Guinea Guinea-Bissau 5/ Guyana 4/ Haiti Honduras Liberia Madagascar Malawi 5/ Mali 4/ Mauritania Mozambique 4/ Nicaragua Niger 5/ Rwanda 5/ So Tom and Prncipe 5/ Senegal Sierra Leone Tanzania Togo Uganda 4/ Zambia 1 Interim HIPCs TOTAL 1/ Chad Total Debt Relief Committed 1/ 16,476.8 125.8 124.3 287.2 419.5 774.8 297.0 291.8 65.8 1,435.4 67.4 430.6 1,288.4 35.9 1,445.7 327.3 263.7 132.8 54.5 171.6 394.1 444.4 993.5 291.8 172.8 1,055.1 382.6 410.1 709.4 61.1 163.9 234.5 1,157.1 98.0 983.6 885.2 (II) 76.0 84.4 197.4 231.7 425.2 176.1 206.9 44.9 878.7 47.0 412.6 807.2 22.3 781.6 173.6 116.7 70.2 52.8 97.8 373.6 256.2 538.7 184.1 99.9 438.6 190.9 231.0 353.2 29.8 123.6 123.4 694.5 101.5 527.8 493.2

Committed Assistance in end-2011 PV Terms (III) 13,208.4 86.8 121.6 284.2 333.8 518.8 253.7 244.2 48.0 1,145.7 57.4 455.7 1,124.6 32.1 1,088.9 250.0 173.8 101.1 62.3 140.8 412.6 369.0 775.9 265.2 143.8 631.7 274.9 332.7 508.7 42.9 178.1 166.3 1,000.3 112.2 760.2 710.3

Delivered Assistance in end-2011 PV Terms 1/ (IV) 8,122.8 16.4 101.0 243.5 245.3 156.7 160.2 119.8 3.9 638.9 21.4 296.4 571.6 21.9 569.2 105.2 74.2 71.1 62.6 160.4 425.1 231.0 383.1 227.1 92.5 644.1 129.4 180.9 221.1 18.7 178.2 88.6 618.5 108.6 557.7 378.6

(III) + (VI) 36,443.8 109.2 635.3 1,402.4 850.3 562.3 829.5 377.7 76.0 1,652.1 175.0 1,481.4 2,611.4 174.6 3,192.3 856.0 214.8 237.4 408.8 992.0 466.0 1,633.8 1,586.1 1,189.7 531.6 1,581.9 774.3 822.4 719.9 59.6 1,568.1 414.8 2,996.0 539.0 2,751.3 1,970.6

(IV) + (VI) 31,358.2 38.9 614.7 1,361.7 761.9 200.3 736.1 253.3 32.0 1,145.3 139.0 1,322.1 2,058.4 164.4 2,672.6 711.3 115.2 207.4 409.1 1,011.6 478.4 1,495.8 1,193.2 1,151.6 480.2 1,594.3 628.8 670.6 432.2 35.4 1,568.3 337.1 2,614.2 535.4 2,548.8 1,638.8

106.7 106.7 16,583.5

68.1

94.9 94.9 13,303.3

40.6 40.6 8,163.4

... ... 34,297.6

... ... 23,235.4

94.9 94.9 36,538.7

40.6 40.6 31,398.8

Sources: HIPC documents, and World Bank staff estimates. 1/ Total delivered HIPC assistance to end-2011. 2/ Nominal MDRI costs include principal and interest foregone. 3/ The total amounts shown are only indicative, as they represent the sum of individual commitments expressed in different PV terms, corresponding to the time of the decision point of each HIPC. 4/ Also reached completion point under the original HIPC Initiative. The assistance includes original debt relief. 5/ The assistance includes topping-up at completion point.

INTERNATIONAL MONETARY FUND 27

HIPC AND MDRI - STATISTICAL UPDATE

Table 6B. World Bank Group Debt Service after HIPC Initiative and MDRI Debt Relief, 2000-2017 (In millions of U.S. dollars)
2000 Debt Service before HIPC Initiative Afghanistan Benin 15 Bolivia 31 Burkina Faso 14 Burundi 13 Cameroon 92 Central African Republic 2/ 9 Chad 9 Comoros Congo, Dem. Rep. of 2/ Congo, Republic of 12 Cte dIvoire 2/ Ethiopia 34 Gambia, The 4 Ghana 57 Guinea 19 Guinea-Bissau 6 Guyana 7 Haiti 10 Honduras 63 Liberia 2/ Madagascar 28 Malawi 36 Mali 23 Mauritania 12 Mozambique 15 Nicaragua 12 Niger 16 Rwanda 12 So Tom and Prncipe 1 Senegal 36 Sierra Leone 4 Tanzania 68 Togo 2/ Uganda 35 Zambia 27 TOTAL 719 2002 2003 Actual 1/ Debt Relief 31 14 14 16 21 23 27 10 14 16 14 16 19 74 115 88 9 0 15 11 12 329 43 82 12 11 38 43 55 4 4 5 63 70 77 22 22 26 6 5 6 6 8 6 4 65 58 45 32 32 38 38 37 43 21 21 25 9 10 11 11 12 16 12 10 12 17 15 18 15 16 19 1 2 2 34 29 36 5 7 9 60 69 79 34 42 55 34 35 39 809 Relief 7 21 3 14 86 9 11 82 36 2 63 11 1 4 4 46 17 21 11 3 5 7 8 3 0 20 5 22 23 15 1052 7 14 7 16 69 0 6 12 18 2 37 11 0 5 45 17 18 11 4 6 2 6 2 0 14 3 26 28 13 399 870 31 9 14 8 19 58 7 28 11 26 3 32 14 1 4 45 21 22 13 5 9 3 8 4 0 25 2 33 35 14 502 2001 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Projected 1/ 17 34 79 45 35 48 20 33 5 89 11 70 147 11 185 54 14 10 20 54 4 94 85 64 30 71 42 42 41 4 88 23 183 27 148 96 2021 10 28 62 31 6 31 20 23 2 39 6 35 53 7 103 23 2 6 20 54 4 67 20 45 20 71 23 17 11 1 88 10 113 27 105 42 1223 20 37 82 48 36 46 19 35 5 89 13 73 151 11 195 55 14 10 22 65 4 98 86 66 32 76 44 43 43 4 92 24 190 27 152 102 2109 12 37 82 33 7 29 19 31 2 39 7 42 56 7 110 24 2 6 22 65 4 71 21 66 22 76 24 18 12 1 92 10 121 27 108 45 1350 19 38 84 50 36 47 19 35 5 88 13 82 155 10 202 56 14 11 23 75 4 102 89 70 33 80 47 45 42 4 95 25 201 28 153 106 19 40 84 54 36 48 19 36 5 88 13 85 160 10 208 56 14 11 23 79 4 106 90 75 34 83 48 46 43 4 100 25 212 29 161 108 4 19 33 20 20 59 15 47 9 67 6 91 28 7 6 1 41 45 48 31 13 25 16 20 21 2 44 12 93 69 50 964 4 11 20 11 20 59 9 15 9 36 3 42 16 2 4 1 41 27 26 18 7 16 6 8 6 0 33 3 45 42 21 562 5 21 35 23 25 57 22 60 9 73 6 102 32 7 6 52 110 48 51 34 15 28 18 22 23 2 46 13 94 75 51 1167 5 12 21 13 17 57 16 26 9 16 5 49 19 2 3 92 29 27 20 8 18 7 7 6 1 28 4 46 46 17 626 5 22 37 24 22 89 66 28 37 6 76 6 104 33 8 6 18 45 52 54 36 16 30 19 26 25 2 49 14 97 75 55 1182 5 14 22 13 2 78 21 0 3 15 6 47 18 2 3 16 16 32 29 22 8 20 7 8 3 0 30 4 47 46 17 556 6 24 40 26 23 46 15 22 53 8 80 7 117 36 9 6 20 43 422 58 57 40 17 33 21 29 26 2 55 14 108 98 80 60 1700 4 15 23 16 2 30 13 18 12 4 17 7 56 22 2 3 12 18 55 36 11 25 9 22 8 10 4 0 34 4 55 50 20 617 6 25 45 27 27 41 16 68 4 62 8 307 96 7 128 41 10 6 20 44 4 66 61 43 20 36 23 32 28 3 62 14 115 26 90 64 1675 2 16 27 17 4 24 7 68 4 19 4 50 25 4 63 37 3 3 19 19 4 42 12 27 11 25 9 11 5 0 40 5 61 26 58 24 777 6 27 52 29 27 44 16 26 4 59 8 389 104 9 138 32 10 7 20 41 4 71 68 46 21 41 27 33 30 2 68 15 122 28 98 69 1789 2 18 33 18 3 27 6 26 4 22 4 97 29 6 70 32 3 4 15 22 4 47 14 30 12 38 12 12 5 0 45 5 65 28 65 27 847 6 29 56 30 29 44 18 26 4 60 7 74 107 9 146 48 11 8 21 35 4 76 72 50 24 49 29 33 32 3 75 16 140 26 108 73 1577 2 19 35 19 3 27 7 26 2 17 4 63 31 6 75 48 3 4 14 23 4 51 16 33 15 49 14 12 6 1 69 5 78 26 72 32 912 7 30 59 35 31 45 19 28 4 60 8 69 123 10 160 49 12 9 21 40 8 83 76 57 26 54 30 37 36 3 82 16 155 28 120 83 1711 4 20 38 23 4 28 7 28 1 17 4 69 40 6 85 49 1 5 21 31 8 57 17 38 16 54 15 14 8 1 82 5 91 28 82 38 1035 7 32 63 41 32 46 20 29 4 70 9 68 133 10 173 52 13 9 21 45 4 86 79 61 28 61 37 39 38 3 86 18 167 27 135 86 1835 4 22 41 27 4 29 8 29 1 23 5 51 45 7 94 42 2 5 21 45 4 60 18 42 18 61 20 15 9 1 86 7 100 27 95 38 1105 10 33 70 43 34 46 20 31 4 82 10 68 142 10 179 53 14 10 20 49 4 89 83 61 29 65 38 40 41 3 87 21 172 27 142 92 / 1923 5 22 47 29 5 30 8 31 1 32 6 34 49 7 98 23 2 5 20 49 4 62 19 42 19 65 21 16 11 1 87 8 104 27 100 40 1130

2186 2255 12 38 84 35 7 30 19 35 2 39 7 70 59 10 116 25 2 6 23 75 4 75 21 70 22 80 25 20 12 1 95 10 132 28 109 46 12 40 84 39 7 31 19 36 2 39 7 85 63 10 121 25 2 6 23 79 4 78 22 75 23 83 26 20 12 1 100 11 143 29 118 48

Debt Service after HIPC Initiative Debt Afghanistan Benin 12 Bolivia 31 Burkina Faso 11 Burundi 13 Cameroon 92 Central African Republic 9 Chad 9 Comoros Congo, Dem. Rep. of Congo, Republic of 12 Cte dIvoire Ethiopia 34 Gambia, The 4 Ghana 57 Guinea 19 Guinea-Bissau 5 Guyana 7 Haiti 10 Honduras 57 Liberia Madagascar 28 Malawi 36 Mali 21 Mauritania 7 Mozambique 8 Nicaragua 12 Niger 16 Rwanda 12 So Tom and Prncipe 1 Senegal 31 Sierra Leone 4 Tanzania 40 Togo Uganda 26 Zambia 27 TOTAL 651

560

1444 1522

28

INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Table 6B (concluded). World Bank Group Debt Service after HIPC Initiative and MDRI Debt Relief, 2000-2017 (In millions of U.S. dollars)
2000 2001 2002 2003 Actual 1/ 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Projected 1/

Debt Service after HIPC Initiative Debt Relief and MDRI Afghanistan 31 Benin 12 7 7 9 Bolivia 31 21 14 14 Burkina Faso 11 3 7 8 Burundi 13 14 16 19 Cameroon 92 86 69 58 Central African Republic 9 9 0 Chad 9 11 6 7 Comoros Congo, Dem. Rep. of 28 Congo, Republic of 12 82 12 11 Cte dIvoire Ethiopia 34 36 18 26 Gambia, The 4 2 2 3 Ghana 57 63 37 32 Guinea 19 11 11 14 Guinea-Bissau 5 1 0 1 Guyana 7 4 5 4 Haiti 10 4 Honduras 57 46 45 45 Liberia 17 21 Madagascar 28 17 Malawi 36 21 18 22 Mali 21 11 11 13 Mauritania 7 3 4 5 Mozambique 8 5 6 9 Nicaragua 12 7 2 3 Niger 16 8 6 8 Rwanda 12 3 2 4 So Tom and Prncipe 1 0 0 0 Senegal 31 20 14 25 Sierra Leone 4 5 3 2 Tanzania 40 22 26 33 Togo Uganda 26 23 28 35 Zambia 27 15 13 14 TOTAL 651 560 399 502

4 11 20 11 20 59 9 15 9 36 3 42 16 2 4 1 41 27 26 18 7 16 6 8 6 0 33 3 45 42 21 562

5 12 21 13 17 57 16 26 9 16 5 49 19 2 3 92 29 27 20 8 18 7 7 6 1 28 4 46 46 17 626

5 7 12 8 2 71 21 0 3 10 6 24 18 2 2 16 9 18 19 12 5 12 4 4 2 0 16 4 26 25 9 375

4 2 2 4 2 17 13 18 12 4 6 7 9 22 2 0 12 3 55 6 1 3 2 7 2 2 2 0 5 1 11 5 2 243

2 2 3 5 4 10 7 68 4 19 4 50 10 1 11 37 3 0 19 3 4 8 1 4 2 8 3 2 2 0 6 1 14 26 8 4 355

2 2 4 6 1 11 3 26 4 22 4 97 12 1 12 32 3 0 10 3 4 9 1 5 2 10 3 2 2 0 8 1 16 28 10 4 359

2 3 4 6 1 10 0 26 2 13 2 63 14 1 14 48 3 0 0 4 2 10 3 7 3 15 4 2 2 0 11 1 22 26 13 5 342

3 3 5 9 2 12 0 28 1 6 1 69 21 1 20 49 0 0 0 7 4 12 3 10 4 18 3 3 4 0 15 1 29 0 19 7 371

3 4 7 11 2 13 0 29 1 11 1 36 26 2 25 36 1 0 0 9 0 15 4 12 6 22 7 5 6 0 18 2 34 25 8 381

4 4 9 12 3 13 0 31 0 18 2 4 29 2 27 4 1 0 0 10 0 16 4 12 6 23 7 5 7 0 19 2 36 27 8 346

9 5 12 13 4 13 0 5 0 24 2 4 32 2 30 4 1 0 0 12 0 21 5 13 7 26 9 5 7 0 19 3 42 28 10 371

11 7 14 14 5 11 0 6 0 24 2 4 36 2 35 4 2 0 1 23 0 25 6 14 8 28 10 6 8 0 21 4 49 30 10 422

11 7 15 16 5 8 0 6 0 24 2 5 38 2 39 5 2 0 1 30 0 28 6 17 9 31 11 8 8 0 23 4 59 31 11 461

11 9 15 20 5 9 0 6 0 24 2 5 42 2 43 5 2 0 1 34 0 30 6 20 9 33 12 8 8 0 27 4 69 38 12 511

Sources: HIPC country documents, and World Bank staff estimates. 1/ From 2001 to 2011, information corresponds to debt service actually paid to the World Bank. Debt service projections from 2012 onwards are based on stocks as of end-December 2011. 2/ Debt Service before HIPC Initiative Debt Relief includes accumulated arrears for Central African Republic - USD 65.9 mil, Democratic Republic of Congo -USD 328.6 mil., Cte dIvoire -USD 256.9 mil., Haiti-USD 52.3 mil, Liberia - USD 366.9 mil., and Togo - USD 98.0 mil.

INTERNATIONAL MONETARY FUND 29

HIPC AND MDRI - STATISTICAL UPDATE

Table 7A. Implementation of the HIPC Initiative and MDRI by the IMF (In millions of SDRs; as of end-December 2012)
Table 7A. Implementation of the HIPC Initiative and MDRI by the IMF
(In millions of SDRs; as of end-December 2012) HIPC Initiative Assistance Member Decision Point Amount Disbursed Completion Amount Committed into HIPC Umbrella Point Account 1/ (A) 35 Completion Point HIPCs Afghanistan Benin Bolivia Burkina Faso Burundi Cameroon Central African Republic Comoros Congo, Dem. Rep. of Congo, Republic of Cte d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Guyana Haiti Honduras Liberia Madagascar Malawi Mali Mauritania Mozambique Nicaragua Niger Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia 1 Decision point HIPCs Chad 2 Non-HIPCs Cambodia Tajikistan Total ------2,421 --2,586 Jan. 2006 Jan. 2006 May. 2001 Floating Jul. 2007 Jul. 2000 Feb. 2000 Jul. 2000 Aug. 2005 Oct. 2000 Sep. 2007 Jun. 2010 Jul. 2003 Mar. 2006 Mar. 2009 Nov. 2001 Dec. 2000 Feb. 2002 Dec. 2000 Dec. 2000 Nov. 2000 Nov. 2006 Jun. 2000 Mar. 2008 Dec. 2000 Dec. 2000 Sep. 2000 Feb. 2000 Apr. 2000 Dec. 2000 Dec. 2000 Dec. 2000 Dec. 2000 Jun. 2000 Mar. 2002 Apr. 2000 Nov. 2008 Feb. 2000 Dec. 2000 Jan. 2010 Mar. 2003 Jun. 2001 Apr. 2002 Jan. 2009 Apr. 2006 Jun. 2009 Dec. 2012 Jul. 2010 Jan. 2010 Jun. 2012 Apr. 2004 Dec. 2007 Jul. 2004 Sep. 2012 Dec. 2010 Dec. 2003 Jun. 2009 Apr. 2005 Jun. 2010 Oct. 2004 Aug. 2006 Mar. 2003 Jun. 2002 Sep. 2001 Jan. 2004 Apr. 2004 Apr. 2005 Mar. 2007 Apr. 2004 Dec. 2006 Nov. 2001 Dec. 2010 May. 2000 Apr. 2005 2,406 -18 62 44 19 29 17 3 280 5 43 45 2 90 28 9 57 2 23 441 15 33 46 35 107 64 31 47 1 34 100 89 0.2 120 469 14 14 3/ 3/ 3/ 3/ 3/ 3/ 3/ 2,578 -20 65 46 22 34 18 3 331 6 26 47 2 94 35 9 60 2 26 452 16 37 49 38 108 71 34 51 1 38 107 96 0.2 122 508 9 9 126 57 69 2,434 4/ -Jan. 2006 Jan. 2006 Jan. 2006 Jan. 2009 Apr. 2006 Jul. 2009 -Jul. 2010 Jan. 2010 -Jan. 2006 Dec. 2007 Jan. 2006 -Dec. 2010 Jan. 2006 -Jan. 2006 Jun. 2010 Jan. 2006 Sep. 2006 Jan. 2006 Jun. 2006 Jan. 2006 Jan. 2006 Jan. 2006 Jan. 2006 Mar. 2007 Jan. 2006 Dec. 2006 Jan. 2006 -Jan. 2006 Jan. 2006 5/ MDRI Debt Relief 2/ Delivery date MDRI Trusts (B) 2,308 -34 155 57 9 149 2 5 80 7 220 0 32 -98 116 6/ 128 15 62 30 83 92 60 20 1 95 77 207 -76 398 Total HIPC and MDRI Debt Relief Delivered (A+B) 4,886 -54 220 103 31 183 20 3 331 11 26 126 10 314 35 9 91 2 125 568 145 52 112 69 191 163 94 71 2 133 183 303 0 198 907 9 9 126 57 69 5,021

Source: International Monetary Fund. 1/ Includes interest on amounts committed under the enhanced HIPC Initiative. 2/ Excludes remaining HIPC Initiative assistance delivered. 3/ Includes commitment under the original HIPC Initiative. 4/ Cte d'Ivoire reached its decision point under the original HIPC Initiative in 1998, but did not reach its completion point under the original HIPC Initiative. Debt relief of SDR 17 million, committed to Cte d'Ivoire under the original HIPC Initiative, was therefore not delivered. 5/ Haiti received from the Post-Catastrophe Debt Relief Trust SDR 178 million on July 21, 2010. 6/ Liberia received MDRI-type (beyond-HIPC) debt relief at end-June 2010, which was financed from the Liberia Administered Account.

30

INTERNATIONAL MONETARY FUND

31 INTERNATIONAL MONETARY FUND


HIPC Initiative debt relief 2/ Afghanistan Benin Bolivia Burkina Faso Burundi Cameroon Central African Republic Chad Comoros Congo, Dem. Rep. of Congo, Republic of Cote d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea Bissau Guyana Haiti Honduras Liberia Madagascar Malawi Mali Mauritania Mozambique Nicaragua Niger Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia TOTAL

HIPC AND MDRI - STATISTICAL UPDATE

Table 7B. IMF HIPC Initiative and MDRI Debt Relief, 1998-2012 1/ (In millions of US dollars; as of end-December 2012)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Total

5.5 8.2 13.7

10.7 7.7 14.0 15.5 47.9

2.4 9.7 2.9 1.2 8.5 0.7 5.0 29.7 1.9 15.4 27.6 105.0

4.7 8.6 6.0 1.2 1.8 0.7 0.0 3.1 0.7 10.4 1.3 0.9 2.9 6.7 7.9 26.5 0.5 8.6 4.3 19.4 26.6 170.4 313.1

4.8 10.4 6.0 0.4 2.8 5.3 0.0 9.5 1.2 0.0 7.2 4.6 1.9 0.0 8.9 10.4 17.2 0.9 1.4 4.3 4.4 30.6 20.9 22.1 155.1 330.3

6.0 9.7 14.3 0.0 4.0 0.8 5.6 0.1 18.9 2.2 0.0 9.3 0.0 4.1 2.5 11.3 11.0 12.1 2.6 4.2 0.0 7.2 33.3 17.1 23.1 165.5 364.9

5.1 18.8 17.1 5.1 1.2 1.7 3.9 0.0 20.3 0.4 0.0 13.8 5.7 1.7 4.2 14.0 8.4 13.6 9.0 7.6 4.7 14.8 22.0 16.2 25.0 2.4 236.8

2.3 14.4 14.6 0.1 1.3 2.0 1.7 6.0 0.0 24.4 0.0 0.0 11.3 13.4 2.6 3.8 12.4 4.9 15.7 24.0 10.7 8.1 14.9 6.0 10.9 17.2 229.0 451.7

2.9 9.0 7.5 0.1 39.8 0.0 0.9 47.7 0.0 66.8 0.0 0.0 19.8 0.0 13.6 12.9 41.3 18.6 6.6 34.6 71.7 26.1 47.9 8.2 61.0 39.8 17.5 6.1 600.3

0.1 0.0 0.0 3.5 1.1 0.0 0.1 1.4 6.2

0.1 5.5 0.0 0.0 0.1 6.5 0.0 0.2 17.6 0.0 30.0

32.9 22.7 0.0 22.5 0.1 7.8 0.1 0.0 3.3 10.2 0.1 99.7

0.0 467.6 9.6 7.7 13.6 642.5 0.2 1,141.3

7.9 7.9

4.6 17.1 38.9 60.5

28.2 96.7 68.3 33.3 49.0 28.1 11.9 4.6 495.2 9.7 40.4 69.2 3.6 139.9 53.6 14.3 88.0 3.6 38.5 670.3 24.1 54.8 72.5 54.2 163.4 108.1 50.6 73.6 1.4 55.7 152.9 139.8 0.3 182.8 728.4 3,809.2

Table 7B. IMF HIPC Initiative and MDRI Debt Relief, 1998-2012 1/ (In millions of US dollars; as of end-December 2012)
1998
MDRI debt relief Afghanistan Benin Bolivia Burkina Faso Burundi Cameroon Central African Republic Chad Comoros Congo, Dem. Rep. of Congo, Republic of Cte dIvoire Ethiopia Gambia, The Ghana Guinea Guinea Bissau Guyana Haiti 3/ Honduras Liberia 4/ Madagascar Malawi Mali Mauritania Mozambique Nicaragua Niger Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia To non-HIPCs Cambodia Tajikistan TOTAL 49.3 223.7 82.4 219.4 115.1 317.9 45.6 141.9 185.6 21.6 90.2 44.5 120.0 132.6 86.4 29.1 136.9 115.2 299.0 109.6 575.7 82.1 100.1 3,324.0 11.6 1.6 13.2 13.4 2.9 16.4 7.5 177.3 184.8 49.3 223.7 82.4 13.4 219.4 2.9 7.5 115.1 11.6 317.9 45.6 141.9 177.3 185.6 21.6 90.2 44.5 120.0 132.6 86.4 29.1 1.6 136.9 115.2 299.0 109.6 575.7 82.1 100.1 3,538.3

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Total

INTERNATIONAL MONETARY FUND 32

HIPC AND MDRI - STATISTICAL UPDATE

Source: International Monetary Fund. 1/ The figures in this table were converted from SDR amounts using annual average US$/SDR exchange rates for the HIPC disbursements and the exchange rate on the date of delivery of final debt relief disbursement. 2/ Includes also interest earned both on the commitment amount in PRG-HIPC Trust and on the amount in HIPC Umbrella Account. 3/ Haiti also received from the Post-Catastrophe Debt Relief Trust SDR 178 million on July 21, 2010. 4/ Liberia received MDRI-type (beyond-HIPC) debt relief at end-June 2010, which was financed from the Liberia Administered Account.

HIPC AND MDRI - STATISTICAL UPDATE

Table 8A. Status of Delivery of HIPC Initiative and MDRI Assistance by the African Development Bank (AfDB) Group Status as of end-December 2012 (In millions of U.S. dollars)
Assistance under the MDRI (AfDF only) Delivered Delivered Assistance in Assistance in Nominal end-2011 PV Terms 2/ Terms (IV) (V) Total Committed Assistance under the HIPC Initiative and MDRI in end2011 PV Terms Total Delivered Assistance under the HIPC Initiative and MDRI in end2011 PV Terms

AfDB Group Assistance under the HIPC Initiative Committed Assistance in PV Terms as of Decision Point (I) 29 Post-Completion-Point HIPCs 3/ TOTAL Benin Burkina Faso Burundi Cameroon Central African Republic Cte dIvoire 4/ Congo, Dem. Rep. of Congo, Republic of 4/ Comoros Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Liberia 4/ Madagascar Malawi Mali Mauritania Mozambique Niger Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo 4/ Uganda Zambia 1 Interim HIPCs 3/ TOTAL Chad Total Debt Relief Committed Committed Assistance in end-2011 PV Terms (II) Delivered Assistance in end-2011 PV Terms 1/ (III)

(II) + (V)

(III) + (V)

3,744.0 37.6 81.9 150.2 78.8 84.7 204.5 1,009.7 40.0 34.4 331.2 15.8 131.2 94.4 72.4 237.2 60.1 119.5 69.1 72.8 149.5 47.9 108.5 40.8 56.9 43.4 124.9 17.9 82.6 146.1

5,001.5 54.1 117.9 183.2 113.5 100.0 225.9 1,316.6 48.8 36.8 461.5 22.8 182.7 135.9 107.7 262.0 86.5 172.1 99.5 104.8 215.4 69.0 156.3 58.8 81.9 58.5 179.9 19.8 119.0 210.4

3,333.7 52.6 77.3 45.1 110.7 16.4 210.3 935.7 48.8 36.8 281.9 18.4 162.8 51.9 44.7 262.0 73.6 80.8 94.9 99.9 31.6 33.1 69.5 21.6 78.0 27.1 121.4 19.8 78.7 148.5

8,341.5 391.3 391.5 29.6 234.4 115.7 274.0 156.3 10.0 32.5 795.2 173.0 521.1 295.7 61.0 19.4 414.8 314.0 625.0 282.0 584.8 222.1 123.2 42.4 454.4 159.8 660.0 123.8 567.1 267.6

5,073.0 253.8 231.5 14.8 136.8 75.3 149.6 88.1 7.4 22.2 460.6 109.1 324.9 184.0 33.6 14.0 258.5 179.1 406.7 177.7 352.1 128.2 72.9 23.6 290.5 92.2 395.3 80.2 351.3 159.1

10,074.4 307.9 349.4 198.0 250.3 175.3 375.5 1,404.7 56.2 59.0 922.0 131.9 507.6 319.9 141.3 276.1 345.0 351.2 506.2 282.6 567.5 197.3 229.1 82.4 372.4 150.8 575.2 100.1 470.2 369.6

8,406.7 306.4 308.9 59.9 247.5 91.7 359.9 1,023.8 56.2 59.0 742.4 127.4 487.7 235.9 78.2 276.1 332.1 259.9 501.5 277.6 383.7 161.3 142.4 45.1 368.4 119.3 516.7 100.1 430.0 307.6

37.0 37.0 3,781.0

51.5 51.5 5,053.0

19.8 19.8 3,353.5 8,341.5

... ... 5,073.0

51.5 51.5 10,125.9

19.8 19.8 8,426.5

Sources: African Development Bank Group, World Bank and IMF staff estimates. 1/ Total delivered enhanced HIPC assistance to end 2011. 2/ Nominal MDRI costs include principal and interest foregone. 3/ Includes only HIPCs that owe debt to AfDB Group. 4/ The total amount of HIPC Initiative debt relief has been provided through an arrears clearance operation in Congo, Rep. of in 2004; Cte dIvoire in 2009; Liberia in 2007; Togo in 2008.

INTERNATIONAL MONETARY FUND 33

HIPC AND MDRI - STATISTICAL UPDATE

Table 8B. AfDB Group Debt Service after HIPC Initiative and MDRI Debt Relief, 2000-2015 (In millions of U.S. dollars)
2000 2001 2002 2003 2004 2005 2006 Actuals 9 8 18 38 10 1 118 55 49 4 32 18 4 9 12 14 13 7 5 0 9 2 26 5 16 12 26 521 4 3 15 38 7 1 19 55 20 4 13 18 1 4 12 6 5 4 2 0 5 1 8 2 7 5 17 274 12 11 6 38 7 0.2 121 27 50 4 40 18 4 13 12 20 18 13 10 0 11 2 29 6 21 19 28 541 6 6 0 27 7 0 10 27 21 4 22 18 1 7 12 11 10 11 7 0 4 1 20 3 11 12 10 269 2007 2008 2009 2010 2011 2012 2013 2014 Projected 16 10 1 2 27 13 2 155 11 31 42 4 19 15 2 23 6 24 18 24 5 3 6 1 22 3 18 5 29 10 547 16 4 27 13 2 30 11 31 22 1 12 15 15 24 18 24 1 3 22 6 5 27 4 334 16 12 1 2 26 14 3 184 10 16 40 6 28 25 2 31 7 27 18 26 5 3 7 1 23 4 19 5 34 9 603 16 5 26 14 3 60 10 16 19 4 26 25 28 27 18 26 1 3 23 0 6 5 34 4 400 17 13 1 2 26 26 3 186 10 17 38 8 31 25 2 35 7 27 23 27 6 3 7 1 24 5 19 5 36 10 637 17 6 26 26 3 63 10 17 18 8 31 25 35 27 23 27 2 3 24 1 6 5 36 4 441 2015

Debt service before HIPC Initiative Debt Relief


Benin Burkina Faso Burundi Central African Republic Cameroon Chad Comoros Congo, Democratic Republic of Congo, Republic of 1/ Cte d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Madagascar Malawi Mali Mauritania Mozambique Niger Liberia Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia TOTAL Benin Burkina Faso Burundi Central African Republic Cameroon Chad Comoros Congo, Democratic Republic of Congo, Republic of 1/ Cte d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Madagascar Malawi Mali Mauritania Mozambique Niger Liberia Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia TOTAL 5 8 0 47 3 7 0 45 3 31 24 13 10 7 12 3 1 6 1 25 2 11 0 7 31 302 3 4 0 44 3 7 0 45 3 31 24 13 10 5 5 2 1 6 1 20 2 6 0 3 31 271 4 4 25 1 46 34 3 16 18 4 10 7 6 8 6 2 4 1 14 2 8 1 5 24 251 13 46 34 0 16 7 1 4 6 2 1 2 130 8 10 0 63 7 65 0 197 46 3 37 26 4 14 10 14 12 7 3 8 2 31 3 12 9 24 616 3 3 0 52 3 65 0 197 15 1 19 15 5 3 5 3 5 1 2 1 23 2 4 3 5 437 7 9 3 41 6 73 33 0 46 3 29 22 4 12 11 9 12 7 3 7 2 24 4 15 10 26 418 2 2 3 35 2 72 33 0 16 1 8 12 0 5 4 1 3 5 1 2 0 20 1 5 4 7 243 9 9 29 40 3 42 148 1 49 4 30 53 4 10 12 13 12 8 5 8 2 26 5 16 12 27 578 3 3 29 40 106 1 19 4 10 53 1 10 5 5 4 5 2 3 1 11 2 6 5 27 356

6 6 7 49 28 9 22 128 19 58 33 5 24 18 4 7 6 9 14 8 4 149 4 3 25 5 11 9 17 684 0 0 0 49 10 9 22 13 19 58 5 5 8 18 3 1 0 6 5 0 1 25 2 1 1 3 265

6 7 7 5 28 9 8 142 13 102 33 4 24 17 4 7 7 10 13 9 4 98 4 1 26 2 13 22 9 12 648 1 1 1 1 13 9 8 24 13 102 6 2 8 6 1 1 1 5 6 0 98 26 2 5 3 3 346

10 8 1 3 29 11 41 156 13 598 23 3 15 18 5 9 7 12 14 11 5 12 5 1 28 3 15 4 11 11 1,082 7 2 15 11 6 36 13 399 3 0 4 18 2 2 6 7 1 12 28 4 4 4 2 588

14 10 1 2 16 12 1 153 0 44 22 4 14 17 6 10 7 16 14 13 4 3 5 1 29 3 16 4 12 10 463 14 4 10 12 1 31 0 44 2 1 7 17 3 9 6 10 1 3 29 5 4 5 2 221

15 10 1 2 29 12 1 184 11 36 28 4 19 19 1 14 8 24 19 26 5 3 6 1 36 3 18 4 19 10 568 15 4 27 12 1 61 11 36 9 1 12 19 6 24 16 26 1 3 36 7 4 12 4 348

17 14 1 2 25 26 3 186 1 11 39 8 30 25 2 35 7 28 21 28 6 2 8 1 25 5 21 5 37 9 625 17 8 25 26 3 64 1 11 18 8 30 25 35 28 21 28 2 2 25 1 7 5 37 3 429

Debt service after HIPC Initiative debt relief 2/

34

INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Table 8B (concluded). AfDB Group Debt Service after HIPC Initiative and MDRI Debt Relief, 2000-2015 (In millions of U.S. dollars)
2000 2001 2002 2003 2004 2005 2006 Actuals 4 3 15 38 7 1 19 55 20 4 13 18 1 4 12 6 5 4 2 0 5 1 8 2 7 5 17 274 4 4 0 26 7 0 10 27 15 4 16 18 1 4 12 7 9 7 5 0 2 1 16 2 7 8 8 221 2007 2008 2009 2010 2011 2012 2013 2014 Projected 4 22 13 2 28 10 29 12 3 15 10 5 10 13 2 11 1 14 201 4 21 14 2 57 10 11 8 10 14 18 6 10 13 2 11 0 18 229 4 21 14 2 60 9 11 6 2 14 14 21 7 14 13 2 12 0 18 244 2015

Debt service after HIPC Initiative debt relief and MDRI


Benin Burkina Faso Burundi Central African Republic Cameroon Chad Comoros Congo, Democratic Republic of Congo, Republic of 1/ Cte d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Madagascar Malawi Mali Mauritania Mozambique Niger Liberia Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia TOTAL 3 4 0 44 3 7 0 45 3 31 24 13 10 5 5 2 1 6 1 20 2 6 0 3 31 271 13 46 34 0 16 7 1 4 6 2 1 2 130 3 3 0 52 3 65 0 197 15 1 19 15 5 3 5 3 5 1 2 1 23 2 4 3 5 437 2 2 3 35 2 72 33 0 16 1 8 12 0 5 4 1 3 5 1 2 0 20 1 5 4 7 243 3 3 29 40 106 1 19 4 10 53 1 10 5 5 4 5 2 3 1 11 2 6 5 27 356 0 49 8 9 22 13 19 58 5 1 18 3 4 0 1 17 0 228 1 1 11 9 8 24 13 102 1 6 1 3 1 98 17 5 302 1 13 11 6 36 13 399 18 3 2 12 19 4 536 4 8 12 1 30 44 17 3 3 2 19 4 148 4 23 12 1 58 11 36 4 19 1 6 9 14 2 25 0 6 232 4 0 20 14 2 61 0 6 7 2 14 14 21 7 12 13 1 12 0 20 231

Sources: African Development Bank Group. 1/ The total amount of HIPC Initiative debt relief has been provided through arrears clearance operation. 2/ Debt service after HIPC for interim HIPC countries assumes that interim debt relief is provided according to the schedule determined at decision point.

INTERNATIONAL MONETARY FUND 35

Table 9. Status of Delivery of HIPC and IaDB-07 Initiatives Assistance by the Inter-American Development Bank (IaDB) Status as of end-December 2012 (In millions of U.S. dollars)
IaDB Assistance under the HIPC Initiative Committed Assistance in PV Terms as of Decision Point (I) 5 Post-Completion-Point HIPCs 3/ TOTAL 1,183.0 Bolivia 477.1 Haiti 60.4 Honduras 133.8 Guyana 120.5 Nicaragua 391.2 Total Debt Relief Committed 1,183.0 Committed Assistance in end-2011 PV Terms (II) Delivered Assistance in end-2011 PV Terms 1/ (III) IaDB 2007 Debt Initiative (MDRI equivalent) Delivered Assistance in Nominal Terms 2/ (IV) Delivered Assistance in end-2011 PV Terms (V) Total Committed Assistance under the HIPC Initiative and 2007 Initiative in end-2011 PV Terms (II) + (IV) Total Delivered Assistance under the HIPC Initiative and 2007 Initiative in end-2011 PV Terms (III) + (V)

1,688.1 687.1 71.3 192.7 173.6 563.5 1,688.1

1,031.7 294.6 60.2 200.8 87.9 388.1 1,031.7

4,369.0 1,050.2 492.3 1,367.1 469.9 989.5 4,369.0

3,117.4 726.0 376.1 1,025.5 341.9 647.9 3,117.4

4,805.6 1,413.1 447.4 1,218.2 515.4 1,211.4 4,805.6

4,149.2 1,020.6 436.4 1,226.4 429.8 1,036.0 4,149.2

Sources: Inter-American Development Bank, World Bank and IMF staff estimates. 1/ Total delivered enhanced HIPC assistance to end 2011. 2/ Nominal IaDB-07 Initiative costs include principal and interest foregone. 3/ Includes only HIPCs that owe debt to IaDB.
INTERNATIONAL MONETARY FUND 36

HIPC AND MDRI - STATISTICAL UPDATE

HIPC AND MDRI - STATISTICAL UPDATE

Table 10. Status of Donor Contributions to the Debt Relief Trust Fund (In millions of U.S. dollars, as of end-December 2012)
Resources Contributed /1 Accumulated Investment Income Resources Allocated for Debt Relief Grants Available Balance /6

Bilateral Donors

Australia Austria /1 Belgium /1/2 Canada /2/3 Denmark EU Finland /2 France /2/3 Germany /1/2/3/5 Greece Iceland Ireland /2 Italy /2 Japan /2 Korea Luxembourg Netherlands /1/2 New Zealand Norway /1 Portugal Russia Spain /2 Sweden /2 Switzerland /2 United Kingdom /4 United States /5 Sub-Total Multilateral Donors IBRD NDF BOAD Sub-Total TOTAL /4

13 62 59 195 72 953 94 59 195 5 3 27 99 258 10 1 373 2 332 15 25 125 105 100 423 675 4,280 2,330 33 1 2,365 6,644

2 5 3 49 0 70 15 10 20 2 0 7 7 50 1 0 25 0 47 1 6 6 22 25 5 15 392 202 5 0 207 599

(15) (63) (56) (188) (55) (1,021) (70) (41) (162) (5) (3) (24) (89) (205) (9) (1) (356) (2) (314) (16) (19) (113) (100) (96) (428) (687) (4,137) (2,532) (35) (2) (2,568) (6,705)

0 4 6 55 17 1 40 28 53 3 0 10 16 104 2 0 42 0 66 0 11 18 27 28 1 2 535 0 4 0 4 539

1/ Includes contributions earmarked for IDA under IDA 14th, 15th and 16th Replenishments. IDA Replenishment contributions that have not been converted into U.S. dollars are reported at the market rates of exchange prevailing at the end of the reporting period. 2/ Includes investment income allocations made towards IDA for debt relief to Haiti. 3/ Includes investment income allocations made towards IFAD for debt relief to Haiti. 4/ Includes the allocation in the amount of US$ 43 million towards IMF for debt relief to Uganda. 5/ Does not include pledges that have not been paid-in. 6/ The total available balance does not include an amount of approximately US$ 2 million of investment income accumulated in disbursing accounts.

INTERNATIONAL MONETARY FUND 37

HIPC AND MDRI - STATISTICAL UPDATE

Table 11. HIPC Initiative: Cost Estimates to Paris Club Official Bilateral Creditors by Creditor Country 1/ (In millions of U.S. dollars, in end-2011 PV terms)
U n ite d K in g d o m U n ite d S ta te s ID A a d m in iste re d EEC Loans 22 0 0 3 0.4 0 1 1 0 2 8 482 92 584 33 108 38 1,247 20 9 5,311 1,020 1,480 705 7 1,153 271 150 265 18 243 948 564 203 164 198 1,523 1,253 154 50 21 182 273 1,147 112 171 1,570 21,768 L u x e m b o u rg S o u th A fric a N e th e rla n d s S w itz e rla n d T rin id a d & Tobag o A u stra lia D e n m a rk G e rm a n y

P o rtu g a l

B e lg iu m

F in la n d

Swed en

N o rw a y

C anad a

A u stri a

Ire la n d

F ra n c e

R u ssia

B ra z il

Ja p a n

S p a in

Isra e l

Ita ly

Total

36 Post-Decision-Point HIPCs Afghanistan Benin Bolivia Burkina Faso Burundi Central African Republic Cameroon Chad Comoros Congo, Dem. Rep. of Congo, Republic of Cte d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Guyana Haiti Honduras Liberia Madagascar Malawi Mali Mauritania Mozambique Nicaragua Niger Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia Total 86 4 1 6 87 14 2 4 3 104 0 48 12 4 3 19 2 11 10 30 10 1 3 0 16 4 16 5 323 88 1 32 0 48 639 14 29 1 2 2 5 40 10 1 2 11 75 18 931

1/ 89 2 39 4 2 9 11 129 44 102 35 376

1/ 90 0 2 49 27 14 38 0 14 2 0 2 9 3 1 23 36 219 91 1 0 23 0 1 2 29 5 0 60 92 0 1 6 1 8 2 19 93 38 27 15 70 8 603 16 8 1,085 655 1,025 3 2 70 128 7 1 8 7 194 132 6 92 75 288 49 110 31 4 72 18 80 31 17 100 5,077 94 8 2 142 0 3 208 0 463 51 91 38 88 1 2 9 11 211 26 0 2 123 318 5 22 10 47 6 1 284 2,170 95 0 0 0 96 0 1 6 8 97 14 30 4 0 4 51 2 0 547 57 19 85 23 13 103 4 21 63 44 0 0 273 59 7 21 41 95 1 50 50 1,681 98 12 211 31 2 14 639 43 12 688 48 1 135 82 199 166 38 42 84 148 21 13 29 97 462 15 37 718 3,986

2/ 99 0 0 0 0

100 5 12 4 0 10 0 217 0 39 1 1 61 6 3 35 1 14 25 3 20 50 4 0 513

101 14 0 12 8 1 5 0 14 6 7 5 0 73

1/ 102 248 248

103 433 2 1 3 1 0 39 478 30 14 3 74 29 225 361 1 86 65 1,844

1/ 104 -

105 64 6 36 2 17 71 65 10 34 4 10 2 43 37 4 17 31 197 9 3 13 7 6 30 718

106 1 18 73 14 21 10 4 5 0 1 148

107 12 12 11 3 3 1 3 2 12 19 77

1/ 108 158 158

109 2 14 1 0 1 51 108 62 22 7 100 1 67 16 9 16 4 4 79 1 9 0 9 92 6 11 152

110 42 0 33 6 19 1,421 14 83 46 26 34 17 2 18 251 8 0 2 28 38 6 1 6 48 8 0 123

846 2,279

Sources: HIPC country documents, World Bank and IMF staff estimates. 1/ Creditor invited on a case-by-case basis to participate in some Paris Club agreements. 2/ Not a Paris Club member. In some cases, IDA-administered European Economic Commission (EEC) loans (which are treated as Paris Club debt) are apportioned among EEC members. Amounts listed for Luxembourg correspond to its portion of such EEC loans.

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HIPC AND MDRI - STATISTICAL UPDATE

Table 12. Debt Relief Committed and Delivered by the Paris Club Official Bilateral Creditors (In millions of U.S. dollars, in end-2011 PV terms)
HIPC Initiative Assistance Committed HIPC Initiative Assistance Provided Debt Relief Beyond HIPC Initiative Provided Total Debt Relief Provided Debt-ReliefProvided to Debt-ReliefCommitted (In percent) 178.4 228.7 100.0 100.0 177.7 104.8 399.0 117.9 125.7 245.7 100.0 415.0 133.1 100.0 208.0 118.9 159.6 116.2 534.4 540.1 111.9 222.8 226.8 100.0 112.5 100.0 114.7 140.0 119.3 103.4 338.5 109.5 100.0 486.5 100.0 131.3

Debtor Country

35 Post-Completion-Point HIPCs TOTAL Afghanistan Benin Bolivia Burkina Faso Burundi Cameroon Central African Republic Congo, Democratic Republic of Congo, Republic of Comoros 3/ Cte dIvoire Ethiopia Gambia, The Guinea Guinea Bissau Ghana Guyana Haiti Honduras Liberia Madagascar Malawi Mali Mauritania Mozambique 1/ Nicaragua Niger Rwanda So Tom and Prncipe Senegal Sierra Leone Tanzania Togo Uganda Zambia 1 Interim HIPCs TOTAL 2/ Chad TOTAL

21,747.074 482.5 91.8 583.6 33.1 107.7 1,246.8 38.5 5,311.4 1,019.4 8.7 1,480.3 704.6 6.9 271.3 149.7 1,153.0 264.7 17.6 242.9 948.3 564.4 203.4 163.9 197.6 1,522.6 1,252.7 154.4 49.8 20.8 181.7 273.3 1,146.9 111.7 170.8 1,570.1

21,747.1 482.5 91.8 583.6 33.1 107.7 1,246.8 38.5 5,311.4 1,019.4 8.7 1,480.3 704.6 6.9 271.3 149.7 1,153.0 264.7 17.6 242.9 948.3 564.4 203.4 163.9 197.6 1,522.6 1,252.7 154.4 49.8 20.8 181.7 273.3 1,146.9 111.7 170.8 1,570.1

17,056 621 26 5 3,728 6.9 1,366 1,486 4,663 233 293 28 687 43 77 1,069 112 693 258 25 184 62 10 1 433 26 432 491

38,803.4 1,103.2 91.8 583.6 58.8 112.9 4,975.0 45.4 6,677.0 2,504.9 8.7 6,142.9 937.9 6.9 564.4 178.0 1,839.6 307.7 94.1 1,311.9 1,060.8 1,257.2 461.3 163.9 222.3 1,522.6 1,436.6 216.2 59.4 21.5 614.9 299.3 1,146.9 543.4 170.8 2,061.4

20.4 20.4 21,767

... ...

... ... ...

... ... ...

... ... ...

Sources: HIPC country documents, HIPC country authorities; and IMF staff estimates. 1/ Agreements with Portugal and Japan are still pending. 2/ No information is available regarding the provision of interim debt relief to these countries by the Paris Club creditors. 3/ Comoros' negotiations with the Paris Club are scheduled for end-February 2013.

INTERNATIONAL MONETARY FUND 39

HIPC AND MDRI - STATISTICAL UPDATE

Table 13. Paris Club Official Bilateral Creditors' Delivery of Debt Relief under Bilateral Initiatives beyond the HIPC Initiative 1/
Countries Covered ODA (In percent) Pre-cutoff Date Debt (1) (2) Post-cutoff Date Debt (3) Non-ODA (In percent) Pre-cutoff Date Debt (4) Post-cutoff Date Debt (5) Provision of Relief

Decision Point (In percent) (6)

Completion Point (7)

Australia Austria Belgium Canada Denmark France Finland Germany Ireland Italy Japan Netherlands, the Norway Russia Spain Sweden Switzerland United Kingdom United States 18/
Source: Paris Club Secretariat.

HIPCs HIPCs HIPCs HIPCs HIPCs HIPCs HIPCs HIPCs HIPCs HIPCs HIPCs HIPCs HIPCS HIPCs HIPCs HIPCs HIPCs HIPCs

100 100 100 100 100 100 100 100 100 100 100 9/
10/

100 100 100 100 100 100 100 100 100 10/

3/ 4/ 6/

8/

100 100 100 100 100 100 100 100 100 100 100 11/
11/

- 12/ 100 - 15/ 100 100

- 12/ 100 13/ - 14/ - 15/ 100 100

100 19/ 100 100 100 16/ 100 100

2/ Case-by-case, flow 100 flow 100 flow 100 flow 100 flow 5/ 100 flow 100 flow 90-100 flow 9/ 100 19/20/ 100 13/ 100 flow 16/ 100 17/ 100 flow 17/ 100 100 flow

100 2/ 100 100 4/ - 6/ 100 7/ 100 8/ -

2/ Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock

1/ Columns (1) to (7) describe the additional debt relief provided following a specific methodology under bilateral initiatives and need to be read as a whole for each creditor. In column (1), "HIPCs" stands for eligible countries effectively qualifying for the HIPC process. A "100 percent" mention in the table indicates that the debt relief provided under the enhanced HIPC Initiative framework will be topped up to 100 percent through a bilateral initiative. 2/ Australia: Australia cancelled all HIPC claims. 3/ Belgium: cancellation at completion point 100 percent of ODA loans contracted before December 31, 2000. 4/ Denmark provides 100 percent cancellation of ODA loans and non-ODA credits contracted and disbursed before September 27, 1999. 5/ France: cancellation of 100 percent of debt service on pre-cutoff date commercial claims on the government as they fall due starting at decision point. Once countries have reached completion point, debt relief on ODA claims on the government will go to a special account and will be used for specific development projects. 6/ Finland: no post-Cutoff date claims 7/ If not treated in the Agreed Minutes at Completion Point, debt cancellation of 100 % only on a case by case basis. 8/ Italy: cancellation of 100 percent of all debts (pre- and post-cutoff date, ODA and non-ODA) incurred before June 20,1999 (the Cologne Summit). At decision point, cancellation of accrued arrears and maturities falling due in the interim period. At completion point, cancellation of the stock of remaining debt. 9/ The Netherlands: 100 percent ODA (pre- and post-cutoff date debt will be cancelled at decision point); for non-ODA: in some particular cases (Benin, Bolivia, Burkina Faso, Ethiopia, Ghana, Mali, Mozambique, Nicaragua, Rwanda, Tanzania, Uganda and Zambia), the Netherlands will write off 100 percent of the consolidated amounts on the flow at decision point; all other HIPCs will receive interim relief up to 90 percent reduction of the consolidated amounts. At completion point, all HIPCs will receive 100 per cent cancellation of the remaining stock of the pre-cutoff date debt. 10/ Norway has cancelled all ODA claims. 11/ Due to the current World Bank/IMF methodology for recalculating debt reduction needs at HIPC completion point, Norway has postponed the decisions on whether or not to grant 100% debt reduction until after HIPCs' completion point. 12/ Russia has no ODA claims 13/ Spain provides 100 percent cancellation of ODA and non-ODA claims contracted before January 1, 2004 14/ Sweden has no ODA claims. 15/ Switzerland has cancelled all ODA claims. 16/ Switzerland usually writes off 100 percent of government-owned claims of the remaining debt stock at Completion Point and provides at least full HIPC debt relief of claims held by the ECA (100% cancellation of all remaining claims with the exception of Honduras and Cameroon). 17/ United Kingdom: "beyond 100 percent" full write-off of all debts of HIPCs as of their decision points, and reimbursement at decision point of any debt service paid before the decision point. 18/ United States: cancellation of 100 percent of all debts (pre- and post-cutoff date, ODA and non-ODA) incurred before June 20, 1999 (the Cologne Summit). At decision point, cancellation of accrued arrears and maturities falling due in the interim period. At completion point, cancellation of the stock of remaining eligible debt. 19/ 100% debt relief provides for countries reached Completion Point before December 31, 2006 as of December 21, 2006 and for countries reached Completion Point after December 31, 2006 as of date of Completion Point. No payments are expected from debtors from those dates. 20/ Exception is short term debt category

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Congo, Dem. Rep. Costa Rica

Cape Verde

Former Serbia & M ontenegro

Cote d'Ivoire

Cameroon

Colombia

Argentina

Guatemala

Bulgaria

Honduras

Czech Republic Ecuador

Burundi

Hungary

Algeria

Angola

Jamaica

Croatia

Brazil

China

Kuwait

Egypt

36 Post-Decision-Point HIPCs Afghanistan Benin Bolivia Burkina Faso Burundi Central African Republic Cameroon Chad Comoros Congo, Dem. Rep. of Congo, Rep. Cte d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Guyana Haiti Honduras Liberia Madagascar Malawi Mali Mauritania Mozambique 3/ Nicaragua 4/ Niger Rwanda Senegal Sierra Leone So Tom and Prncipe Tanzania Togo Uganda Zambia Total 275 1 26 50 22 5 27 138 26 14 3 16 9 1 5 6 0 2 13 1 32 1 9 27 2 9 2 130 2 9 2 9 87 0 11 2 3 7 0 0 9 1 1 0 1 0 0 27 24 8 4 7 8 20 41 3 39 13 15 46 443 9 8 5 35 13 14 14 3 13 14 3 5 6 12 4 5 20 7 5 5 0 537 544 15 0 7 1 14 0 0 0 3 0 15 8 2 1 0 0 0 6 1 14 1 1 4 9

2/ 17 34 41 2 0 1 6 34 14 149 510 517 7 140 140 21 5 6 7 10 11 13 46 3 2 1 3 1 5 41 37 80 23 0 1 126 0 42 4 26 28 0 2 1 1 19 19 0 512 2 0 0 21 15 15 8 7 15 45 15 0 12 1 16 25 19 10 9 9 6 8 10 37 27 48 15 46 11 25 9 15 2 2 33 1 4 8 1 3 4 4 7 -

Libya

Israel

Cuba

India

Iran

Iraq

41 INTERNATIONAL MONETARY FUND

HIPC AND MDRI - STATISTICAL UPDATE

Table 14. HIPC Initiative: Cost Estimates to Non-Paris Club Official Bilateral Creditors by Creditor Country 1/ (In millions of U.S. dollars, in end-2011 PV terms)

Table 14 (concl.). HIPC Initiative: Cost Estimates to Non-Paris Club Official Bilateral Creditors by Creditor Country 1/ (In millions of U.S. dollars, in end-2011 PV terms)
Korea, P. Dem. Rep. Taiwan, China Saudi Arabia South Africa United Arab Emirates Korea, Rep. Trinidad & Tobago Venezuela Zimbabwe Slovak Republic Tanzania Romania Thailand Morocco Uruguay Namibia Portugal Pakistan Rwanda Senegal Mexico Zambia Nigeria Poland Oman Total 27 18 27 92 5 0 0 0 0 5 40 182 19 28 25 299 68 19 162 16 47 94 221 37 7 63 105 115 29 78 178 342 1,798 175 40 123 56 21 260 22 84 81 5,000 Niger Other 0 0 Togo 0 1 5 5 1 0 1 131 0 3

6 Post-Decision-Point HIPCs Afghanistan Benin Bolivia Burkina Faso Burundi Central African Republic Cameroon Chad Comoros Congo, Dem. Rep. Congo, Rep. Cte d'Ivoire Ethiopia Gambia, The Ghana Guinea Guinea-Bissau Guyana Haiti Honduras 14 Liberia Madagascar Malawi Mali Mauritania Mozambique 3/ Nicaragua 4/ 59 Niger Rwanda Senegal Sierra Leone So Tom and Prncipe Tanzania Togo Uganda Zambia 73

4 3 7

1 1

0 0 0

2 2

2 2

3 1 5

0 22 0 0 2 0 7 32

6 0 2 8

Peru 11 11

7 5 8 3 23

107 8 115

2 0 3 38 0 5 47

0 1 1 -

0 0 0 -

1 6 7

8 39 75 12 40 9 56 7 15 73 20 172 63 16 603

2 1 91 6 0 3 1 7 6 4 2 6

1 1

0 5 0 6 68 79

10 12 13 4 4 9 21 18 0 1 11 31 11 14 3 23 44 24 16 31 1 8 0 3 0 317

11 28 45

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HIPC AND MDRI - STATISTICAL UPDATE

Sources: HIPC Country Documents; IMF staff estimates. 1/ Non-Paris Club creditors include those creditors that did not indicate their intention to participate in the Paris Club meeting at the time the completion point document for a particular country was being prepared. Thus, the claims of some creditors that are not permanent members of the Club, but were invited by the Paris Club to participate in the completion point debt negotiation for a given country and signed the Paris Club Agreed Minutes at the end of this negotiation, are not considered in here. 2/ Listed as Yugoslavia in decision point documents. 3/ Excludes claims held by the Ceskoslovenska Obchodni Banka on Mozambique at the time of decision point. 4/ Guatemala's claims on Nicaragua were taken over by Spain in a debt swap. Spain has agreed to provide HIPC Initiative debt relief to Nicaragua on those claims.

HIPC AND MDRI - STATISTICAL UPDATE

Table 15. Delivery of HIPC Initiative debt Relief by Non-Paris Club Official Bilateral Creditors 1/2/ (in millions of U.S. dollars, 2011 PV terms unless otherwise indicated)
HIPC Initiative Assistance Costs PV Terms Percent of Total Cost (1) (2) 275 438 0 15 0 1 517 21 19 0 73 2 8 47 7 1 1 1,423 9 130 5 14 46 126 505 7 23 313 45 79 1,302 32 2 3 149 331 32 115 1 5 131 800 6 9 0 0 0 0 10 0 0 0 1 0 0 1 0 0 0 HIPC Initiative Assistance Delivered PV Terms (3) 253 354 0 15 0 0 510 21 19 0 59 2 8 39 7 1 1 1,289 7 96 4 9 20 68 380 1 15 224 34 41 900 3 0 1 6 96 2 8 14 130 Percent of Total Assistance (4)= (3)/(2) 92 81 100 99 84 93 99 100 100 100 81 100 99 84 100 100 85

Creditor Country Delivered more than 80 percent of total assistance Algeria China Croatia Czech Republic DRC 7/ Ecuador 7/ Guatemala 5/ Hungary Israel Jamaica Mexico Oman Republic of Korea Romania South Africa Trinidad and Tobago Uruguay 7/ Delivered more than 40 percent of total assistance Brazil Bulgaria Colombia Egypt 7/ India 6/ Iraq 7/ Kuwait Morocco Poland Saudi Arabia Slovak Republic Venezuela Delivered less than 40 percent of total assistance Argentina Burundi 7/ Cuba Former Yugoslavia 4/ Libya People's Democratic Republic of Korea Portugal Rwanda 3/ Tanzania 3/ United Arab Emirates

0 3 0 0 1 3 10 0 0 6 1 2

76 74 69 67 44 54 75 17 66 72 75 51

1 0 0 3 7 1 2 0 0 3

10 11 23 4 29 7 7 10

INTERNATIONAL MONETARY FUND 43

HIPC AND MDRI - STATISTICAL UPDATE

Table 15 (concl.). Delivery of HIPC Initiative debt Relief by Non-Paris Club Official Bilateral Creditors 1/2/ (in millions of U.S. dollars, 2011 PV terms unless otherwise indicated)
HIPC Initiative Assistance Costs PV Terms Percent of Total Cost (1) (2)
50 1 0 544 15 140 80 1 0 2 5 11 592 0 0 5 1,441 4,966 1 0 0 11 0 3 2 0 0 0 0 0 12 0 0 0 100

HIPC Initiative Assistance Delivered PV Terms (3)


0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,319

Creditor Country
No delivery of HIPC relief Angola Cameroon Cape Verde Costa Rica Cote d'Ivoire Honduras Iran Namibia Niger Nigeria Pakistan Peru Taiwan, Province of China Zambia Zimbabwe Other

Percent of Total Assistance (4)= (3)/(2)


0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Sources: HIPC documents; country authorities; and Fund and Bank staff estimates. 1/ Based on information received as of December 2012. The information covers only creditors that have claims on postcompletion-point countries. The information presented in the table is now based only on responses received from the IMF country team with consultations from the authorities. Creditors are not going to be surveyed which is a change in methodology compared to the previous status reports monitoring relief from the non-Paris creditors. 2/ Argentina, Brazil, the Republic of Korea, Kuwait, Mexico, Morocco, Portugal, South Africa, and Trinidad and Tobago are associated members of the Paris Club. As such, these countries participate in negotiation sessions of the Paris Club on a case-by-case basis, provided that certain conditions are met. Generally, creditors participating in a negotiation session for a particular country are considered Paris Club members for the purpose of HIPC calculations. 3/ In these cases, debtors have indicated that some relief has been provided but the information received is insufficient to q 4/ Partition of HIPC loans outstanding at decision point and the associated debt relief among members of the Former Yugoslavia is being determined with the help of the authorities. 5/ Guatemala's claims on Nicaragua were taken over by Spain in a debt swap. Spain has agreed to provide HIPC debt relief to Nicaragua on those claims. 6/ In June 2003, India announced its intention to write off all non-export credit claims on HIPCs. However, several agreements remain unsigned. 7/ The details for the debt relief provided are now available to be able to better estimate the effort by these creditors.

44

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45 INTERNATIONAL MONETARY FUND


HIPC Debtor Creditor 2/ Afghanistan Congo, Dem. Rep. of FG Hemisphere Congo, Rep. of Commissimpex Commissimpex Ethiopia Honduras Sao Tome and Principe Sudan Kintex-Bulgaria Bago Laboratories Italy Namco Anstalt Africa Alfa Fund Togo Uganda Zambia GDF/Suez NA

HIPC AND MDRI - STATISTICAL UPDATE

Table 16. Commercial Creditor Lawsuits against HIPCs 1/


Status of Legal Action 3/ Domicile of Creditor Court Location Ongoing, Judgement Awarded or Settled Judgment Awarded7/ Ongoing Ongoing Ongoing Ongoing Ongoing Judgement Awarded 8/ Ongoing Ongoing Ongoing Ongoing Ongoing Ongoing Ongoing Ongoing Judgement Awarded Ongoing Consent Judgement 9/ Original Claim 4/ 5/ Amount Claimed by the Creditor 6/ Judgment for Creditor

(In millions of U.S. dollars) 44.0 12.5 18.0 14.0 100.0 178.6 8.7 1.5 4.63 26.25 52.0 6.0 95.0 32.1 150.0 54.1 79.7 78.7 6.5 196.4 8.7 1.5 8.8 25.8 5.05 78.0 6.4 27.0 220.4 78.0 27.0

Originally a loan from Czechoslovakia United States Israel United States Lebanon Rep. of Congo Rep. of Congo France Bulgaria Argentina Italy Switzerland Dubai Paris Iraq South Africa

Germany France South Africa United States France France France Congo, Rep. of Russia Honduras Sudan Dubai ICSID (US; France) Uganda Zambia

Frans Edward Prins Rootman Themis Capital Triple A International Groupe Antoine Tabet (GAT)

Incofi (Jean Pierre Coutard)

Yugoslavia (Anandale Associates)

ABSA Limited of South Africa

Source: Country Authorities and IMF Staff 1/ Commercial creditors lawsuits against HIPCs are reported without assessing the merits of these disputes. The information reported in this table reflects responses by the authorities, and it should not be considered a 2/ Either original creditor or holder of current claim. 3/ "Judgment awarded" refers to cases in which the creditor has obtained a judgement against the HIPC but has not yet recovered the full payment on its claim. Settled refers to cases where the judgement has been awarded and both parties have been settled on their claims. 4/ Exchange rates at decision-point were used for reporting claims in U.S. dollars (else average exchange rates are used). 5/ Excludes accumulated interest, charges, and penalties. 6/ Amount could include interest, charges, and penalties. 7/ Originally a loan from Czechoslovakia assumed by the Czech Republic and subsequently assigned to a private party in Germany. Claims have been dismissed. 8/ Judgement has been appealed. Approximate amount in USD, amount reported EUR 167 million (exchange rate used USD/EUR 1.32 for 2011). 9/ There was a consent judgement between the creditor and the government of Zambia. Due to this negotiation, the outstanding debt is US$ 27 million. Zambian authorities are following a agreed payment schedule which isincluded in the budget.