Istanbul Plan of Action commitment

Date of commitment: 
May 2011

Commitment

Achieve sustainable debt levels in all LDCs, bearing in mind their special development needs; remain vigilant in monitoring the debt situation of LDCs and continue to take effective measures within the existing frameworks; provide specific debt relief measures for LDCs that are not HIPC countries on a case-by-case basis. Actions by development partners include full and timely financing of the implementation of the HIPC and MDRI Initiatives, ensuring that debt relief does not detract from ODA resources for LDCs, exploring new and improved debt instruments and innovative mechanism, increasing grant-based and other concessional financing and exploring coordinated policies aimed at fostering debt financing, debt relief and debt restructuring and temporary debt standstills.

Target

No new numerical targets were set. See related commitments above.

Progress

As above.

Gap

As above.

Additionality

No new commitment.