HIPC Initiative - Debt Sustainability

Date of commitment: 
September 1996
Recipient: 

Commitment

Provide debt relief to reduce external debt of heavily indebted poor countries to a sustainable level.

Target

No numerical targets were set.

Progress

  • 36 out of 39 countries have reached HIPC completion point.

Gap

  • 3 countries have yet to reach HIPC completion point.
  • Some creditors have not fully delivered their share of HIPC relief.

Additionality

The HIPC Initiative has been complemented by the Multilateral Debt Relief Initiative (MDRI).

Data source: 
World Bank and IMF