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

Volume/Issue: Volume 2007 Issue 038

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PP , HIPC Initiative , HIPC debt relief , debt-relief agreement , HIPC document , HIPC Relief , HIPC assistance , HIPC relief , HIPC debtor , Debt relief , Africa

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Summary

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