The Multilateral Debt Relief Initiative (MDRI) provides for 100% relief on eligible debt from multilateral institutions, the IMF, the International Development Association (IDA) of the World Bank, and the African Development Fund (AfDF), to Heavily Indebted Poor Countries (HIPCs) that reached their HIPC completion point. In early 2007, the Inter-American Development Bank (IADB) also joined the Initiative. The MDRI is intended to provide additional resources to help countries advance toward the MDGs.
Cancel 100% of outstanding debts to HIPC countries reaching completion point.
$49 billion (in end-2014 present-value terms) in debt relief has been committed under MDRI, as at December 2014.
The MDRI provides resources additional to those provided under the HIPC Initiative.