Enhanced Heavily Indebted Poor Countries Initiative (HIPC Initiative)

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1996, as Heavily Indebted Poor Countries Initiative (HIPC Initiative), on agreement by governments to a proposal of International Bank for Reconstruction and Development (IBRD) and International Monetary Fund (IMF). New name adopted, Oct 1999.


Reduce to a sustainable level the external debt of the world's poorest, most heavily indebted countries; place debt relief within an overall framework of poverty reduction.

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Open to countries only eligible for highly concessional assistance from International Development Association (IDA) and from the IMF's Poverty Reduction and Growth Facility (PRGF) (previously the Enhanced Structural Adjustment Facility). Under the original framework, debt reduction was calculated on projections of debt stock at the completion point. Under the enhanced framework, relief is committed based on actual data at the decision point, not only adding greater certainty to the calculations but, in most cases, increasing the amount of relief actually provided; the benefits of export and central government revenue accrue fully to the country, allowing for greater investment in poverty reduction strategies. All creditors participate in providing exceptional assistance beyond current mechanisms as required to reach debt sustainability, sharing the costs and providing relief on a basis proportional to their share of the debt after the full application of traditional forms of debt relief. Multilateral institutions participate through action to reduce the present value of their claims.


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Relations with Inter-Governmental Organizations

Relations with 1 inter-governmental organizations.
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Members in 23 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Society
    • Disadvantaged
  • Commerce
    • Credit
  • Development
    • Sustainable Development

UN Sustainable Development Goals **

GOAL 1: No PovertyGOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced Inequality



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* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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