93940 INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL MONETARY FUND Prepared by the staffs of the International Development Association (IDA) and the International Monetary Fund (IMF) Approved by John Panzer (IDA) and Seán Nolan (IMF) Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Statistical Update December 12, 2014 TABLE OF CONTENTS I. Introduction ......................................................................................................................... 1 II. Progress in the Implementation of the Initiative ................................................................. 1 III. Debt Service Relief and Poverty Reducing Expenditure .................................................... 4 IV. Update of the Costs of the Initiatives .................................................................................. 5 V. Creditor Participation: Multilateral Creditors ..................................................................... 7 VI. Creditor Participation: Official Bilateral And Commercial Creditors ................................ 7 A. Country Coverage.............................................................................................................. 13 B. Data Sources ...................................................................................................................... 13 C. Assumptions for the HIPC Initiative and MDRI Costing Exercise................................... 13 D. Update of Cost Estimates in Present Value Terms ............................................................ 14 Tables 1. List of Heavily Indebted Poor Countries ............................................................................... 2 2. HIPC Initiative: Costs by Main Creditor and Country Group............................................... 5 3. MDRI: Nominal Costs by Main Creditor and Country Group .............................................. 6 Figure 1. Poverty-Reducing Expenditure and Debt Service in 36 Post Decision Point HIPCs ............. 4 Annexes Table AI1: HIPC Pre-Decision Point Countries.......................................................................... 9 Table AI2A: HIPC Decision-Point Countries: Status of Completion Point Triggers ................. 10 Table AI2B: HIPC Decision-Point Countries: Summary by Country......................................... 10 Table AI3. HIPC Completion-Point Countries: Progress towards Achieving the MDGs .......... 11 Table AIII1. Summary of Debt Service and Poverty Reducing Expenditures 2001–18 ............. 15 Table AIII2. Debt Service of 36 Post-Decision-Point HIPCs, 2001–18 ..................................... 16 Table AIII3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001–18 ......... 19 Table AIII4. HIPC Initiative and MDRI: Committed Debt Relief and Outlook ......................... 22 Table AIII5. HIPC Initiative: Cost Estimates to Multilateral Creditors and Status of their Commitments to Post-Completion HIPCs ............................................................................ 23 Table AIII6A. Status of Delivery of HIPC Initiative and MDRI Assistance by the World Bank ..................................................................................................................................................... 24 Table AIII6B. World Bank Group Debt Service after HIPC Initiative and MDRI Debt Relief . 30 Table AIII7A. Implementation of the HIPC Initiative and MDRI by the IMF ........................... 27 Table AIII7B. IMF HIPC Initiative and MDRI Debt Relief, 1998–2013 ................................... 33 Table AIII8A. Status of Delivery of HIPC Initiative and MDRI Assistance by the AfDB Group ..................................................................................................................................................... 30 Table AIII8B. AfDB Group Debt Service after HIPC Initiative and MDRI Debt Relief ........... 36 Table AIII9. Status of Delivery of HIPC and IaDB Initiatives Assistance by the Inter-American Development Bank (IaDB) .................................................................................................... 33 Table AIII10. Status of Donor Contributions to the Debt Relief Trust Fund ............................. 34 Table AIII11. HIPC Initiative: Cost Estimates to Paris Club Official Bilateral Creditors by Creditor Country.................................................................................................................... 35 Table AIII12. Debt Relief Committed and Delivered by the Paris Club Official Bilateral Creditors ...................................................................................................................................... 36 Table AIII13. Paris Club Official Bilateral Creditors' Delivery of Debt Relief under Bilateral . 37 Table AIII14. HIPC Initiative: Cost Estimates to Non-Paris Club Official Bilateral Creditors by Creditor Country.................................................................................................................... 38 Table AIII15. Delivery of HIPC Initiative debt Relief by Non-Paris Club Official Bilateral Creditors ...................................................................................................................................... 40 Table AIII16. Commercial Creditor Lawsuits against HIPCs..................................................... 44 ABBREVIATIONS AND ACRONYMS AfDB African Development Bank AfDF African Development Fund AFRITAC Africa Regional Technical Assistance Centers AMF Arab Monetary Fund AsDB Asian Development Bank BADEA Arab Bank for Economic Development in Africa BCEAO Central Bank of West African States BDEAC Banque de Développement des États de l’Afrique Centrale (Central African States Development Bank) BDEGL Banque de Développement des Etats des Grand Lacs (Development Bank of Great Lake States) BEAC Banque des Etats de l’Afrique Centrale (Bank of Central African States) BOAD Banque Ouest Africaine de Developpement (West African Development Bank) CABEI Central American Bank for Economic Integration CAF Corporación Andina de Fomento CDB Caribbean Development Bank CEMLA Centro de Estudios Monetarios Latinoamericanos CIRR Commercial Interest Reference Rate CP Completion-Point DFID Department for International Development DP Decision-Point DRC Democratic Republic of the Congo EADB East African Development Bank EBID ECOWAS Bank for Investment and Development ECF Extended Credit Facility EFF Extended Fund Facility EIB European Investment Bank EPCA Emergency Post-Conflict Assistance ESF Exogenous Shocks Facility EU European Union FEGECE Fonds d’Entraide et de Garantie des Emprunts du Conseil de l’Entente (Fund of Aid and of Loans Guarantee of the Agreement Council) FOCEM Fondo Centroamericano de Estabilización Monetaria FONPLATA Fund for the Financial Development of the River Plate Basin FSID Fonds de solidarité islamique pour le développement (Islamic Fund for Solidarity and Economic Development) GDP Gross Domestic Product HIPC Heavily Indebted Poor Countries IaDB Inter-American Development Bank IBRD International Bank for Reconstruction and Development IDA International Development Association IFAD International Fund for Agricultural Development IMF International Monetary Fund I-PRSP Interim Poverty Reduction Strategy Paper IsDB Islamic Development Bank JSAN Joint Staff Advisory Note LICs Low Income Countries MDB Multilateral Development Bank MDGs Millennium Development Goals MDRI Multilateral Debt Relief Initiative NDF Nordic Development Fund OPEC Organization of Petroleum Exporting Countries OFID OPEC Fund for International Development PRGT Poverty Reduction and Growth Trust PRSP Poverty Reduction Strategy Paper PTA Eastern and Southern African Trade and Development Bank PV Present Value SDR Special Drawing Rights SMP Staff Monitored Program WAEMU West African Economic and Monetary Union WAIFEM West African Institute for Financial and Economic Management i EXECUTIVE SUMMARY The HIPC Initiative and MDRI are nearly complete with 35 countries having already reached the completion point under the HIPC Initiative. One country, Chad, remains in the interim phase. Debt relief under the Initiatives has substantially alleviated debt burdens in recipient countries and has enabled them to increase their poverty-reducing expenditure by two and a half percentage points of GDP between 2001 and 2013. Creditor participation in the Initiatives has been strong amongst the multilateral and Paris Club creditors; however participation from the other creditor groups still needs to be strengthened. The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$75.0 billion, while the costs to the four multilateral creditors providing relief under the MDRI is estimated to be US$41.1 billion in end-2013 present value terms. I. INTRODUCTION 1. This report provides an update on the status of implementation of the HIPC Initiative and the MDRI and the cost estimates of these Initiatives in end-2013 present value (PV) terms. 1 This report provides an update to the overall progress made under the Initiative to date. In particular, the following figures and tables are updated: ⋅ Trends in poverty-reducing spending and debt service in HIPCs (Annex III Tables AIII1–3) ⋅ Costs of the initiatives by creditor and country (Tables 2 and 3 and Annex III Tables AIII4–14) ⋅ Non-Paris Club bilateral creditor participation (Annex III Table AIII15) ⋅ Commercial creditor litigation against HIPCs (Annex III Table AIII16) II. PROGRESS IN THE IMPLEMENTATION OF THE HIPC/MDRI INITIATIVE 2. The HIPC/MDRI Initiative is nearly complete. Out of the 39 countries that have been eligible under the Initiative, 35 have already reached the completion point. Three pre-decision- point countries—Eritrea, Somalia, and Sudan—have yet to start the process of qualifying for debt relief under the Initiative, while Chad remains in the interim phase. The assessment for qualification and eligibility for Myanmar and Zimbabwe is yet to be fully completed. 2 1 This is an update to the earlier report “Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update” December 19, 2013 that provides debt relief cost estimates in end 2012 PV terms. As agreed by the IDA and IMF Boards the core information on debt service and poverty-reducing expenditure, the cost of debt relief, creditor participation rates, and litigation against HIPCs should continue to be made available and updated regularly on the IMF and World Bank websites. 2 Nepal remains potentially eligible. For further discussion, see “Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Status of Implementation and Proposals for the Future of the HIPC Initiative”; IDA/R2011–0310 and IMF Policy Paper; November 8, 2011. 2 Table 1. List of Heavily Indebted Poor Countries (As of end-September 2014) 1/ 35 Post-Completion-Point HIPCs Afghanistan Comoros Guinea Malawi São Tomé and Príncipe Benin Congo, Dem. Rep. of Guinea-Bissau Mali Senegal Bolivia Congo, Rep. of Guyana Mauritania Sierra Leone Burkina Faso Côte d’Ivoire Haiti Mozambique Tanzania Burundi Ethiopia Honduras Nicaragua Togo Cameroon Gambia, The Liberia Niger Uganda Central African Republic Ghana Madagascar Rwanda Zambia 2/ 1 Interim HIPCs Chad 3/ 3 Pre-Decision-Point HIPCs Eritrea Somalia Sudan 1/ Countries that have qualified for irrevocable debt relief under the HIPC Initiative. 2/ Countries that have reached decision point under the HIPC Initiative, but have not yet reached completion point. 3/ Countries that are eligible or potentially eligible and may wish to avail themselves of the HIPC Initiative and MDRI. 3. Chad. Chad is the only country in the interim phase of the HIPC Initiative. A three-year arrangement under the ECF for a total amount of about US$122.4 million, covering the period July 2014–June 2017, was approved on August 1, 2014. Satisfactory performance under the ECF is one of the prerequisites to achieve the HIPC completion point. A World Bank mission in May 2014 found that Chad had made good progress against the other HIPC completion-point triggers. The authorities have finalized the annual progress report on the implementation of the PRSP, for which a World Bank/IMF JSAN will be finalized by the end of 2014. 4. Eritrea. There have been no updates from the previous report in the case of Eritrea. As reported in the previous update, Eritrea has benefitted from the development of mining and the production of gold since 2011 and base metals since 2013, but its political situation remains fragile. The last Article IV Consultation for Eritrea took place in 2009 and there has been no discussion of an IMF-supported program. 5. Somalia. With the support of the Work Bank and the IMF, the External Debt Technical Working Group was established to tackle Somalia’s accumulated arrears and debt and to ensure that Somalia builds a credible track record of economic reforms needed for a SMP. Although Somalia is ineligible to receive financial assistance from the IMF or the Work Bank due to its longstanding arrears of about US$360 million and US$270 million respectively, both institutions have been providing technical assistance and capacity development in key areas of their expertise with the IMF support directed towards central banking, financial governance and the development of macroeconomic statistical data systems. Staff will work on collecting basic real, fiscal, monetary, and external sector data and establishing a macroeconomic and financial framework. This would allow staff to conduct Article IV consultation discussions that have been delayed since 1990, as well as prepare the groundwork for a SMP. In addition, the Work Bank is providing technical assistance to the senior staff of the Ministry of Finance on the full range of budget and policy management issues with the objectives of strengthening budget preparation, documentation, improving transparency and accountability in the mobilization and use of public 3 resources and building capacity for improved public financial management. The AfDB is also supporting the newly created Debt Management Unit to increase staff capacity and to reconstruct the debt database in a computerized debt management system. 6. Sudan. Sudan remains in arrears to the IMF, the World Bank, and the AfDB. Its arrears stood at US$1,511.9 million to the IMF (as of July 18, 2014), US$806 million to IDA (as of July 21, 2014), and US$314 million to the AfDB (as of June 30, 2014). The authorities prepared and implemented a comprehensive reform package in September 2013 which had introduced new policy measures, including lifting of fuel subsidies and unifying the official and commercial exchange rates. On March 7, 2014 a new SMP for January-December 2014 was approved by the IMF. The performance under the SMP will aid the authorities to build a track record on cooperation with the IMF which should help in securing the necessary support for arrears clearance and debt relief in due time. 7. Myanmar. Myanmar has completed a 12-month Staff Monitored Program (SMP) ending in January 2014. The completion of this program enabled Myanmar to clear its external arrears vis-à-vis its Paris Club creditors, as well as the World Bank and the Asian Development Bank. 8. Zimbabwe. Zimbabwe remains in debt distress and will need a comprehensive arrears clearance framework with the international community. 3 Zimbabwe’s eligibility to receive assistance under the HIPC Initiative remains unclear. The recent indebtedness assessments based on loan-by-loan reconciled debt data indicate that Zimbabwe has met the indebtedness criterion for eligibility under the HIPC Initiative. However, to be eligible for assistance, the country also needs to clear its arrears to the PRGT. 4 On the Bank side, a modification of, or exception to, IDA's HIPC Initiative income criteria would be required. To receive HIPC debt relief, Zimbabwe would also need to qualify for the Initiative. Qualification largely depends on the levels of debt vis-à-vis exports based on the latest fiscal year data, and on its policy performance. The recent assessment indicates that based on end-2013 debt-to-exports ratio, Zimbabwe would not qualify for the HIPC debt relief initiative. A Staff-Monitored Program (SMP) for Zimbabwe was approved in June 2013, its first IMF agreement in more than a decade. On October 29, 2014, the IMF Management completed the third review under the SMP and approved a successor SMP covering October 2014–December 2015. The main objectives of the new SMP are to strengthen Zimbabwe’s external position, as a prerequisite to arrears clearance and resumption of debt service; and to show that the country has the capacity to implement policy reforms that could justify a financial arrangement with the Fund. 3 Staff Report for the 2014 Article IV Consultation 4 Due to arrears to the Poverty Reduction and Growth Trust (PRGT), in 2001 Zimbabwe was removed from the IMF’s list of PRGT-eligible countries. Zimbabwe made payments to the PRGT in 2012 and 2013 totaling US$7.5 million and US$1.8 million, respectively. Payments in 2014 through end-October totaled US$1.7 million. As of end-October 2014, Zimbabwe’s arrears to the IMF and the Bank amounted to US$119 million and US$1,085 million, respectively. 4 III. DEBT SERVICE RELIEF AND POVERTY REDUCING EXPENDITURE 9. Debt relief under the Initiatives has substantially alleviated debt burdens in recipient countries and has enabled them to increase their poverty-reducing expenditures (Figure 1 and Annex III Table AIII1). However, recent data indicate that the decline in debt service has moderated and the debt service burden may increase in the near future. 10. Despite the increase in poverty-reducing expenditures, the HIPCs are lagging behind on reaching the MDG targets in many areas. The MDG target year of 2015 is fast approaching, however many countries in Sub-Saharan Africa, including HIPCs are seriously off target to meet the MDGs. The lowest achievements have been reported in the education and health related sectors. So far no HIPC had met the MDG challenge in the areas of (i) reducing infant mortality rate and (ii) combating HIV/AIDS and other diseases. Rwanda is the only HIPC country that met the MDG in the area of reducing maternal mortality rate. HIPCs are performing relatively better in the areas of gender equality in primary education and access to safe drinking water. More than one third of the HIPCs have increased access to improved water services and have already met the MDG on gender equality in primary education. In addition, one fifth of HIPCs have reduced child mortality rates. Overall, there is a need to increase efforts and to accelerate progress in order to achieve most of the MDG targets by 2015. Figure 1. Poverty-Reducing Expenditure and Debt Service in 36 Post-Decision-Point HIPCs, in % of GDP 1 (indexed to 100 at completion point) 140 120 100 80 60 40 20 - t-4 t-3 t-2 t-1 t t+1 t+2 t+3 t+4 t+5 t+6 Debt Service/GDP Poverty Reducing Expenditure/GDP Sources: HIPC documents; World Bank and Fund staff estimates. 1 Due to data constraints t indicates completion point rather than decision point. As a result, the effect of debt relief may be underestimated since some debt relief may have occurred prior to completion point. For detailed country data and projections, refer to Appendix III Table 2 and 3. 5 IV. UPDATE OF THE COSTS OF THE INITIATIVES 11. The total cost of debt relief to creditors under the HIPC Initiative is estimated at US$75 billion in end-2013 present value (PV) terms (Table 2). These costs are broadly unchanged compared to the previous estimates in end-2012 PV terms. Changes reflect small revisions to data and a lower discount rate. 5 12. The total cost of the MDRI for the four participating multilateral creditors is estimated at US$41.1 billion in end-2013 PV terms (Table 3, Annex III Table AIII4). Table 2. HIPC Initiative: Costs by Main Creditor and Country Group (In billions of U.S. dollars, in end-2013 PV terms, unless otherwise indicated) Post-Completion- Interim Total Post-Decision- Pre-Decision- Total Point HIPCs HIPCs Point HIPCs Point HIPCs (35) (1) (36) (3) (39) (I) (II) (III) = (I) + (II) (IV) (V) = (III) + (IV) Multilateral creditors 27.8 0.2 28.0 5.3 33.3 IDA 13.0 0.1 13.1 1.5 14.5 Of which: IDA credits 12.6 0.1 12.7 1.5 14.1 Of which: IBRD credits 0.4 0.0 0.4 0.0 0.4 IMF 4.5 0.02 4.5 1.9 6.4 AfDB Group 4.9 0.1 5.0 0.4 5.4 IaDB 1.6 0.0 1.6 0.0 1.6 AsDB 0.1 0.0 0.1 0.0 0.1 Other 3.7 0.0 3.7 1.5 5.3 Bilateral and commercial creditors 30.0 0.05 30.0 11.7 41.7 Paris Club 21.5 0.0 21.5 5.8 27.3 Other Official Bilateral 4.9 0.0 4.9 4.9 9.8 Commercial 3.6 0.0 3.6 1.0 4.6 Total Costs 57.8 0.2 58.0 17.0 75.0 Memorandum Items Total Costs from Previous Report 1/ 55.8 0.2 56.0 16.4 72.5 Sources: Country authorities, and World Bank and IMF staff estimates.  1/ Total costs as reported in Table 2 of "HIPC Initiative and MDRI: Statistical Update", December 2013, discounted to end-2013 terms. 5 See Annex II for assumptions on the discount rate used to calculate the PV of debt relief under the HIPC Initiative and the MDRI. 6 Table 3. MDRI: Nominal Costs by Main Creditor and Country Group (In billions of U.S. dollars) Assistance in end- Assistance in Nominal Terms 2/ 2013 PV Terms Foregone Principal and Principal Total Interest Foregone Interest Post-Completion-Point HIPCs 1/ 44.7 4.9 49.7 39.2 3 IDA 31.2 3.0 34.2 26.5 3 IMF 3/ 3.4 0.0 3.4 3.7 3 AfDF 6.8 0.9 7.7 5.5 3 IaDB 3.3 1.0 4.4 3.5 Pre-Decision Countries 2/ 1.5 0.1 1.6 1.3 1 IDA 0.8 0.0 0.8 0.6 1 IMF 0.5 0.0 0.5 0.5 1 AfDF 3/ 0.2 0.0 0.3 0.2 1 IaDB 0.0 0.0 0.0 0.0 Interim Countries 0.8 0.1 0.9 0.6 2 IDA 0.6 0.0 0.6 0.5 2 IMF 3/ 0.0 0.0 0.0 0.0 2 AfDF 0.3 0.0 0.3 0.2 2 IaDB 0.0 0.0 0.0 0.0 Interim and Pre-Decision-Point HIPCs 2/ 2.3 0.1 2.5 1.9 2 IDA 1.4 0.1 1.4 1.1 2 IMF 3/ 0.5 0.0 0.5 0.5 2 AfDF 0.5 0.0 0.5 0.4 2 IaDB 0.0 0.0 0.0 0.0 All HIPCs 47.1 5.1 52.1 41.1 IDA 32.6 3.1 35.6 27.6 IMF 3/ 3.8 0.0 3.8 4.2 AfDF 7.3 0.9 8.3 5.8 IaDB 3.3 1.0 4.4 3.5 Non-HIPCs 4/ 0.2 0.2 0.2 Sources: Country authorities, and World Bank, IMF, AfDB and IaDB staff estimates. 1/ Estimates are preliminary and subject to a number of assumptions, including the timing of HIPC decision and completion points, and, where applicable, of arrears clearance. 2/ These countries have qualified for MDRI relief. Figures are based on actual disbursements and commitments. 3/ The estimated costs for IMF reflect the stock of debt eligible for MDRI relief, which is the debt outstanding (principal only) as of end-2004 and that has not been repaid by the member and is not covered by HIPC assistance (http://www.imf.org/external/np/pp/eng/2005/111605.htm)); including the cost of the MDRI-type, beyond-HIPC debt relief. 4/ IMF MDRI assistance to Cambodia and Tajikistan. 7 V. CREDITOR PARTICIPATION: MULTILATERAL CREDITORS 13. Over ninety-nine percent of multilateral creditors, estimated by their share in the total cost of HIPC debt relief to post-completion-point HIPCs, have committed to participate in the HIPC Initiative (Annex III, Table AIII5). A number of multilateral creditors receive support from the Debt Relief Trust Fund (DRTF), administered by IDA, to fulfill the provision of committed debt relief. 6 As of end-August 2014, donors have contributed a total of US$6.7 billion to the DRTF (See Annex III Table AIII10). 7 The DRTF has accumulated investment income amounting to US$602 million and has disbursed about US$7.0 billion. The remaining amount of resources available in the DRTF (US$0.5 billion), including the amount of unpaid pledges is estimated to be sufficient to help finance the expected debt relief costs to eligible creditors in respect to completion point countries and the pre-decision point HIPCs. 8, 9, 10 VI. CREDITOR PARTICIPATION: OFFICIAL BILATERAL AND COMMERCIAL CREDITORS 14. Paris Club creditors have committed to provide debt relief estimated at US$21.5 billion in end-2013 PV terms to the 36 countries that have reached their decision points (Tables 11 and 12). Most members of the Paris Club have also voluntarily committed to provide additional debt relief beyond that required under the HIPC Initiative (Tables 12 and 13). 15. The share of debt relief attributable to the non-Paris Club official bilateral creditors is estimated at US$4.9 billion in end-2013 PV terms (Tables 14 and 15). So far, a little less than half of this expected debt relief has been delivered. Securing the participation of non-Paris Club official bilateral and private commercial creditors has been a challenge since the inception of the 6 Eligible creditors include: AfDB, BOAD, CABEI, CDB, CMCF, EADB, FONPLATA, IaDB, IBRD, IFAD, IDA and NDF. 7 Annex III Table 10 excludes contributions from AfDB, which are non-cash transactions. 8 An amount of unpaid pledges totals US$145 million and includes US$70 million from Germany and US$75 million from the United States. 9 Includes the Democratic Republic of Congo (DRC), Federal Democratic Republic of Ethiopia (Ethiopia) and Republic of Madagascar (Madagascar). DRC reached the completion point in June 2010. DRTF provided AfDB a debt relief grant of US$425 million to support AfDB's provision of debt relief to DRC at completion point. However, the current low interest rate environment and AfDB’s subsequent lower than estimated income from the investment of the completion point grant proceeds are expected to lead to a financing gap of US$114 million that would not allow AfDB to reach its full share of the debt relief to DRC. AfDB also requested additional resources of US$0.3 million to cover the shortage of funds to support the debt relief to Ethiopia and Madagascar, which reached the completion point in April 2004 and October 2004, respectively. 10 Future debt relief costs are based on current estimates of completion point dates, debt outstanding, as well as assumptions regarding the applicable discount rates. These estimates do not take into consideration possible future additional debt relief to currently eligible HIPCs, additional relief due to potential slippages in completion point dates or other factors, including granting of debt relief to additional countries such as Zimbabwe, which currently does not meet the HIPC Initiative eligibility criteria. 8 HIPC Initiative. Approximately thirty percent of the non-Paris Club creditors are yet to participate in the HIPC Initiative. Staff of the World Bank and the IMF have continued to rely on the use of moral suasion and on the efforts by the HIPCs themselves to increase the participation of these creditors. (Table 15). ANNEX I. Country Status under the Enhanced HIPC Initiative Table AI1: HIPC Pre-Decision Point Countries Decision Country Recent Political Development Risk of Debt Distress PRSP Status IMF Program and Macroeconomic Status Point Date Eritrea Eri trea became i ndependent i n 1991 fol l owi ng a l ong In debt distress There is no recent PRSP and no There are no ongoing discussions on a Fund-supported Uncertain 12/1/2009 ongoing work towards its program. The 2009 Article IV Consultation was concluded in confl i ct and remai ns a fragi l e s tate. Pres i dent Is ai as preparation. December 2009. Afewerki has been i n power s i nce i ndependence; and hi s party, the Eri trean Peopl e’s Li berati on Front, i s the s i ngl e pol i ti cal party. An unres ol ved border di s pute wi th Ethi opi a has domi nated Eri trea’s rel ati ons wi th i ts nei ghbors . The Uni ted Nati ons i mpos ed s ancti ons agai ns t Eri trea i n 2009 for s upporti ng the Somal i al Shabab mi l i ti as . In 2011 another UN res ol uti on requi red s tri ct s cruti ny of the government’s us e of res ources from the expl oi tati on of mi neral s . Somalia Si nce i ts recogni ti on i n Apri l 2013 and des pi te the N/A There is no PRSP and it is not Somalia has not had a Fund-supported program since 1987. N/A chal l engi ng pol i ti cal and s ecuri ty condi ti ons i n expected to be prepared in the Although the Fund cannot provide financial assistance to Somal i a, the authori ti es have been acti vel y engagi ng near term. However, the Somalia until its arrears have been cleared, over the past 12 authorities prepared an months the Fund has provided ten TA missions in its key areas wi th the Fund and the i nternati onal communi ty. economic recovery plan that was of expertise. The TA missions covered the following areas: (i) Unfortunatel y, the hi gh turnover of government submitted at the high donor diagnosis of macroeconomic and institutional conditions; (ii) offi ci al s i s i mpai ri ng the conti nui ty of pol i cy Brussels Conference which development of a possible currency reform program; (iii) the di s cus s i ons and abs orpti on of TA. Seni or government outlines the government national budget; (iv) central bank accounting and governance; offi ci al s and i ns ti tuti ons conti nue to be the targets of program to address poverty and, (v) development of statistical systems. In addition, LEG terrori s t attacks (i n the pas t few months , the reduction and MCM have been providing continuous support from Pres i denti al compound, the Parl i ament and the headquarters on issues related to central bank operations, 9 i nternati onal ai rport were attacked). On the economi c banking and licensing supervision; and, the development of a proper AML/CFT framework. IMF staff and the Somali front, Somal i a’s economy grew at a moderate pace i n authorities have made significant progress in the development 2013. GDP i s es ti mated by s taff to have expanded by of an initial GDP estimate, the preparation of the FY14 national 4.4 percent i n 2013, thanks to hi gh hous ehol d budget and financial accounting and reporting at the central cons umpti on (from popul ati on growth and returni ng bank. members of the Di as pora), government acti vi ty, and pri vate-s ector fi xed capi tal formati on. Thes e es ti mates are, however, s ubj ect to s ubs tanti al uncertai nty on account of the poor data qual i ty. Sudan As part of the s eces s i on agreements wi th South Sudan, In debt distress The Interim-PRSP was officially A new staff-monitored program (SMP) for January-December N/A 9/17/2014 shared with the World Bank in 2014 was approved on March 7, 2014. The 2014 Article IV Sudan agreed i n September 2012 to temporari l y retai n November, 2012. The I-PRSP and consultation was concluded on September 17, 2014. al l the external debt of the former Sudan under the s o- the Joint Staff Advisory Note were discussed at the Fund’s and cal l ed “zero-opti on”. The agreement was bas ed on two Bank's Executive Boards in condi ti ons : (i ) that the i nternati onal communi ty gi ves September, 2013. The fi rm commi tment to the del i very of debt rel i ef wi thi n Government is currently implementing the Interim-PRSP two years of the agreement (deadl i ne i s September and started a process to prepare 2014); and (i i ) South Sudan woul d j oi n Sudan i n a full PRSP. outreach efforts for debt rel i ef. The agreement al s o i ncl uded that Sudan’s external debt woul d be apporti oned between the two countri es - if the condi ti ons were not met wi thi n the two-year deadl i ne – bas ed on a s ti l l to be defi ned formul a (wi thi n s i x months from the deadl i ne). However, recentl y, Sudan and South Sudan have agreed to extend the zero opti on for two years , ti l l October 2016. Table AI2A: HIPC Decision-Point Countries: Status of Completion Point Triggers Public Financial Management Debt Governance / Transparency / Structural Country PRSP Macroeconomic Stability (PFM) Social Sector Management Anticorruption Reforms Chad The PRSP 2013-2015 Chad Macroeconomic policy Progress was achieved on several All HIPC floating Debt Progress was recorded on several N/A is ongoing. An is anchored on the progressive fronts in recent years, notably conditions for priority Management is governance fronts in recent years: annual progress reduction of the non oil through a significant reduction in sectors were met in 2013, being security of citizens, public financial report for 2013 was primary deficit. Good progress off budget expenditures, the but that concerning strengthened management. The governance strategy finalised in 2014. A was reflected in computerisation of the budget repetition in primary through policy implemented in 2013 will be assessed by joint staff advisory macroeconomic stabilisation expenditure and reporting. school, reflecting Chad's reforms and the IMF and the Bank as part of the note (JSAN) will be in the last years, leading to the difficulties to maintain capacity building forthcoming JSAN. produced by IMF signature of an ECF with the quality of education for a efforts supported and the Bank to IMF in August 2014. growing number of by the World assess the students. Bank. implementation of the PRSP in 2013. Table AI2B: HIPC Decision-Point Countries: Summary by Country Country PRSP Status Risk of Debt Distress IMF Program Completion Point Date (Planned) 10 Chad A new PRSP (National Development Plan) High 08/1/2014 On August 1, 2014, the Executive Board of the First half of 2015 covering a period from 2013 to 2015 was International Monetary Fund (IMF) approved a approved by the Government in February three-year arrangement under the Extended 2013. A Joint Staff Assessment (JSAN) on Credit Facility (ECF) for a total amount that PRSP was submitted to the Boards of equivalent to SDR 79.92 million-the first since the Fund and the Bank in July 2013. The 2005. This follows a broadly satisfactory authorities have finalized the annual implementation of a Staff Monitored Program progress report (APR) covering 2013 of (SMP) that Fund Staff monitored from June to the implementation of the PRSP, for December 2013. The last PRGF-supported which a JSAN will be prepared by program, approved in February 2005 and later December 2014. extended through May 2008, expired without completion of a review. A SMP for April- October 2009 also expired without completion of a review. Table AI3. HIPC Completion-Point Countries: Progress towards Achieving the MDGs Increase the ratio of girls to boys enrollment in Increase access primary and Stop HIV/AIDS Increase access to improved Global End poverty and Primary school secondary Reduce child Reduce infant Reduce maternal and other to improved sanitation partnership for Country name Hunger completion rate education mortality rate mortality rate mortality rate desaeses water source facilities Development INSUFFICIENT INSUFFICIENT MODERATELY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT Afghanistan DATA DATA TARGET TARGET TARGET PROGRESS TARGET MET TARGET DATA SERIOUSLY OFF MODERATELY INSUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF MODERATELY SERIOUSLY OFF SERIOUSLY OFF Benin TARGET OFF TARGET DATA OFF TARGET TARGET TARGET TARGET OFF TARGET TARGET TARGET INSUFFICIENT SERIOUSLY OFF MODERATELY MODERATELY SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT Bolivia PROGRESS TARGET MET MET OFF TARGET OFF TARGET TARGET MET TARGET PROGRESS SUFFICIENT INSUFFICIENT INSUFFICIENT INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SUFFICIENT Burkina Faso PROGRESS PROGRESS PROGRESS PROGRESS TARGET TARGET TARGET MET TARGET PROGRESS SERIOUSLY OFF INSUFFICIENT INSUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Burundi TARGET PROGRESS PROGRESS OFF TARGET TARGET TARGET TARGET TARGET TARGET TARGET MODERATELY OFF INSUFFICIENT SUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF MODERATELY Cameroon TARGET PROGRESS PROGRESS TARGET TARGET TARGET TARGET PROGRESS TARGET OFF TARGET INSUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT Central African Republic PROGRESS OFF TARGET TARGET TARGET TARGET TARGET DATA TARGET TARGET PROGRESS SERIOUSLY OFF SUFFICIENT INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF Comoros TARGET PROGRESS DATA TARGET TARGET TARGET PROGRESS MET TARGET TARGET SERIOUSLY OFF INSUFFICIENT MODERATELY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Congo, Dem. Rep. TARGET PROGRESS TARGET TARGET TARGET TARGET TARGET TARGET TARGET TARGET SUFFICIENT SERIOUSLY OFF INSUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT INSUFFICIENT SUFFICIENT 11 Congo, Rep. PROGRESS TARGET MET PROGRESS OFF TARGET TARGET TARGET DATA DATA PROGRESS SERIOUSLY OFF MODERATELY INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Cote d'Ivoire TARGET OFF TARGET DATA TARGET TARGET TARGET TARGET TARGET TARGET TARGET SERIOUSLY OFF SUFFICIENT SUFFICIENT INSUFFICIENT INSUFFICIENT SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF Ethiopia TARGET PROGRESS PROGRESS MET PROGRESS PROGRESS TARGET PROGRESS TARGET TARGET SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Gambia, The MET TARGET MET PROGRESS TARGET TARGET TARGET MET TARGET MET MODERATELY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Ghana MET MET TARGET TARGET TARGET TARGET TARGET MET TARGET MET SERIOUSLY OFF MODERATELY OFF INSUFFICIENT SUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SUFFICIENT SERIOUSLY OFF Guinea MET TARGET TARGET PROGRESS PROGRESS TARGET TARGET PROGRESS TARGET MET SERIOUSLY OFF INSUFFICIENT INSUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF Guinea-Bissau TARGET DATA DATA OFF TARGET TARGET TARGET TARGET MET DATA TARGET Table AI3. HIPC Completion-Point Countries: Progress towards Achieving the MDGs (concluded) Increase the ratio of girls to boys enrollment in Increase access primary and Stop HIV/AIDS Increase access to improved Global End poverty and Primary school secondary Reduce child Reduce infant Reduce maternal and other to improved sanitation partnership for Country name Hunger completion rate education mortality rate mortality rate mortality rate desaeses water source facilities Development INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT Guyana PROGRESS TARGET MET TARGET TARGET TARGET TARGET MET TARGET PROGRESS SERIOUSLY OFF INSUFFICIENT INSUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Haiti TARGET DATA DATA OFF TARGET TARGET TARGET TARGET TARGET TARGET TARGET SUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF Honduras MET MET MET PROGRESS OFF TARGET TARGET TARGET MET MET MET INSUFFICIENT SUFFICIENT INSUFFICIENT INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT INSUFFICIENT INSUFFICIENT Liberia PROGRESS PROGRESS DATA MET PROGRESS TARGET TARGET DATA DATA PROGRESS SERIOUSLY OFF MODERATELY MODERATELY OFF MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Madagascar TARGET OFF TARGET TARGET MET OFF TARGET TARGET TARGET TARGET TARGET TARGET SERIOUSLY OFF INSUFFICIENT INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Malawi TARGET PROGRESS MET MET PROGRESS TARGET TARGET MET TARGET TARGET SERIOUSLY OFF SERIOUSLY OFF MODERATELY OFF MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Mali TARGET TARGET TARGET OFF TARGET TARGET TARGET TARGET MET TARGET TARGET SERIOUSLY OFF INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Mauritania TARGET PROGRESS MET TARGET TARGET OFF TARGET TARGET TARGET TARGET TARGET INSUFFICIENT SERIOUSLY OFF MODERATELY OFF SUFFICIENT MODERATELY MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT Mozambique PROGRESS TARGET TARGET PROGRESS OFF TARGET OFF TARGET TARGET TARGET TARGET PROGRESS 12 MODERATELY SUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Nicaragua MET OFF TARGET MET PROGRESS OFF TARGET TARGET TARGET TARGET TARGET MET SUFFICIENT MODERATELY MODERATELY OFF MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SUFFICIENT Niger PROGRESS OFF TARGET TARGET MET OFF TARGET TARGET TARGET TARGET TARGET PROGRESS SERIOUSLY OFF INSUFFICIENT INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Rwanda TARGET PROGRESS MET MET PROGRESS MET TARGET TARGET MET TARGET SERIOUSLY OFF MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT INSUFFICIENT SERIOUSLY OFF Sao Tome and Principe TARGET MET MET OFF TARGET TARGET TARGET TARGET DATA DATA TARGET SERIOUSLY OFF MODERATELY SUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Senegal TARGET OFF TARGET MET PROGRESS TARGET TARGET TARGET TARGET TARGET TARGET SERIOUSLY OFF INSUFFICIENT INSUFFICIENT SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Sierra Leone TARGET DATA DATA TARGET TARGET TARGET TARGET TARGET TARGET TARGET SUFFICIENT SERIOUSLY OFF INSUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SUFFICIENT Tanzania PROGRESS TARGET MET MET PROGRESS OFF TARGET TARGET TARGET TARGET PROGRESS SERIOUSLY OFF INSUFFICIENT SUFFICIENT MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Togo TARGET PROGRESS PROGRESS OFF TARGET TARGET TARGET TARGET TARGET TARGET TARGET SUFFICIENT SERIOUSLY OFF SUFFICIENT SUFFICIENT MODERATELY MODERATELY SERIOUSLY OFF SERIOUSLY OFF SUFFICIENT Uganda PROGRESS TARGET PROGRESS PROGRESS OFF TARGET OFF TARGET TARGET MET TARGET PROGRESS SERIOUSLY OFF SERIOUSLY OFF INSUFFICIENT INSUFFICIENT MODERATELY MODERATELY SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF SERIOUSLY OFF Zambia TARGET TARGET DATA PROGRESS OFF TARGET OFF TARGET TARGET TARGET TARGET TARGET Due to a change in the methodology, the ratings in 2012 and in 2013 are not comparable to those for 2011. At the current rate of progress, if a country is expected to achieve the target between 2016 and 2020, it is rated as being '’ON TARGET." Countries that are not expected to achieve the target by 2020 are rated as being "SERIOUSLY OFF TARGET." A country is assigned a rating only if there is data for at least two observations. The first observation should be for a year after 2002, and the most recent observation should be in the last 5 year period. 13 Annex II. Country Coverage, Data Sources, and Assumptions for the HIPC Initiative and MDRI Costing Exercise A. Country Coverage • The costing analysis for the 36 post-decision-point countries includes: Afghanistan, Benin, Bolivia, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Côte d’Ivoire, Comoros, Democratic Republic of the Congo, Republic of Congo, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Nicaragua, Niger, Rwanda, São Tomé and Príncipe, Senegal, Sierra Leone, Tanzania, Togo, Uganda, and Zambia. • The costing analysis for the pre-decision-point countries is based on 3 HIPCs: Eritrea, Somalia, and Sudan. B. Data Sources • Staff estimates are based on HIPC Initiative decision and completion-point documents for all 36 post-decision-point countries or estimates presented in Heavily Indebted Poor Countries (HIPC Initiative)—List of Ring-Fenced Countries that Meet the Income and Indebtedness Criteria at end-2004 for the 3 pre-decision-point HIPCs. • Data was updated through end-August 2014. C. Assumptions for the HIPC Initiative and MDRI Costing Exercise • Calculations of total costs include costs under the original and enhanced HIPC Initiative frameworks and the MDRI. • Cost estimates for the HIPC Initiative are based on debt data after full use of traditional debt-relief mechanisms. • The following exchange rates have been used for the MDRI calculations: IDA and AfDF. The initial MDRI Trust Fund replenishment rate of 1.477380 US dollars per SDR was applied for the period FY07- FY08. Cost estimates for FY09-FY11 (corresponding to the period covered by the IDA 15 replenishment round) are based on the IDA15 foreign exchange reference rate of 1.524480 US dollars per SDR. Cost estimates for FY11 onward are based on the IDA16 foreign exchange reference rate of 1.50233 U.S. dollars per SDR. IMF. The exchange rate of the date that debt relief was delivered, and, in cases where debt was not yet delivered, the rate as of end-December 2013 was used. IaDB. Currency units in US dollars at end-2006. 14 D. Update of Cost Estimates in Present Value Terms • The cost of HIPC Initiative assistance calculated in PV terms at the time of the decision- point is discounted to end-2013 using the average interest rate applicable to the debt relief. This rate was estimated at 2.61 percent and corresponds to the implicit long-term interest rate of currencies that comprise the SDR basket over the period 2011–13, calculated as a 6- month average of the Commercial Interest Reference Rate (CIRR) over this period, weighted by the participation of the currencies in the SDR basket. The same rate was used to calculate MDRI debt relief in end-2013 PV terms. Annex III. Tables Table AIII1. Summary of Debt Service and Poverty Reducing Expenditures 2001–181 (In millions of U.S. dollars, unless otherwise indicated) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Prel. Projections Debt Service Paid 2/ 3,513 3,719 3,988 4,446 4,813 3,967 3,176 3,068 3,265 2,727 3,375 4,126 5,218 7,216 8,555 9,694 11,364 11,409 Poverty Reducing Expenditures 3/ 6,528 7,786 9,045 11,054 14,849 18,166 22,348 26,593 29,823 32,612 32,674 38,091 40,999 38,986 41,230 44,617 48,990 43,616 Average Ratios (in percent) Debt Service/Exports 15.7 14.9 12.6 12.3 10.3 10.5 5.3 4.3 4.1 2.9 3.1 3.6 4.6 5.5 5.5 5.7 5.5 5.4 Debt Service/GDP 3.0 2.7 2.5 2.4 2.3 2.1 1.2 1.0 1.1 0.8 0.9 1.0 1.2 1.4 1.5 1.5 1.5 1.5 Poverty-Reducing Expenditure/Government Revenue 3/ 49.7 51.2 49.5 46.4 48.7 48.9 47.5 52.0 56.2 50.4 47.9 48.7 49.3 47.6 49.3 48.9 48.4 48.0 Poverty-Reducing Expenditure/GDP 3/ 6.8 7.3 7.5 7.6 7.9 7.9 8.4 8.4 9.0 8.7 8.3 9.1 9.3 9.0 9.3 9.7 9.8 9.7 Sources: HIPC country documents, and World Bank and IMF staff estimates. 1/ Data refer to 36 post-decision-point HIPCs, unless specified otherwise. 2/ Debt service paid covers 2001-2013, and debt service due covers 2014-2018. For post-completion point HIPCs, debt service due reflects the negotiated relief by the debtor countries , additional debt relief, provided by some Paris Club Creditors on a voluntary basis, and MDRI (countries that have reached the completition point in the more recent years, debt service projections assume full HIPC Initiative debt relief along with additional debt relief by the Paris Club and MDRI). For pre- completion-point countries, debt service due includes interim debt relief and full HIPC Initiative and MDRI assistance expected at the projected completion point. See Appendix Table 2 for a detailed breakdown. 3/ As defined in PRSPs; excludes data for years in countries for which data is not available. See Table 3 for a country breakdown. 15 16 Table AIII2. Debt Service of 36 Post-Decision-Point HIPCs, 2001–181 (In millions of U.S. dollars, unless otherwise indicated) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Prel. Projections A. Post-Completion-Point HIPCs Afghanistan Debt service paid ... 9.1 32.2 5.7 6.8 7.4 5.9 4.6 3.6 2.5 2.4 6.4 23.5 34.6 39.8 41.3 42.9 43.9 In percent of export ... 2.5 5.1 0.8 0.6 0.6 0.4 0.3 0.2 0.1 0.1 0.2 0.6 0.9 1.3 1.3 1.3 1.2 In percent of GDP ... 0.2 0.7 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 Benin 3/ Debt service paid 56.7 62.3 66.3 58.1 38.0 63.0 88.1 29.4 37.4 48.3 54.8 70.5 79.5 103.6 113.0 120.9 131.9 143.4 In percent of export 15.1 16.0 13.6 10.1 7.0 10.1 9.4 2.5 3.4 3.9 6.0 6.3 5.5 6.8 6.8 6.8 6.9 6.9 In percent of GDP 2.3 2.2 1.9 1.4 0.9 1.3 1.6 0.4 0.6 0.7 0.8 0.9 1.0 1.1 1.1 1.1 1.1 1.1 Bolivia 3/ Debt service paid 249.2 258.3 272.8 287.0 367.6 325.3 328.3 260.7 222.8 301.9 231.8 505.7 295.0 355.4 423.0 516.9 662.0 816.8 In percent of export 16.4 16.6 13.9 11.1 11.1 7.3 6.6 3.7 4.1 4.2 2.5 4.1 2.4 2.8 3.3 4.0 5.0 6.1 In percent of GDP 3.1 3.3 3.4 3.3 3.8 2.8 2.5 1.6 1.3 1.5 1.0 1.9 1.0 1.0 1.1 1.3 1.5 1.6 Burkina Faso 3/ Debt service paid 35.1 33.5 48.9 45.7 44.5 41.3 45.9 46.4 51.1 52.4 62.8 79.3 89.8 112.8 143.3 162.0 188.3 221.5 In percent of export 14.8 12.4 14.5 8.3 8.3 6.2 6.4 5.6 4.8 2.7 2.2 2.7 3.0 3.6 4.3 4.5 4.9 5.2 In percent of GDP 1.2 1.0 1.2 0.9 0.8 0.7 0.7 0.6 0.6 0.6 0.6 0.7 0.8 0.9 1.0 1.0 1.1 1.2 Burundi Debt service paid 14.2 28.5 23.6 64.8 31.7 10.9 5.7 3.4 1.7 2.7 5.2 15.8 24.7 22.6 35.5 42.2 40.2 42.0 In percent of export 31.6 73.1 47.2 101.3 34.5 11.7 5.8 2.2 1.4 1.5 2.3 7.2 12.2 8.8 12.9 15.1 13.2 12.7 In percent of GDP 1.7 4.0 3.0 7.1 2.6 0.8 0.4 0.2 0.1 0.1 0.2 0.7 0.9 0.7 1.1 1.2 1.0 1.0 Cameroon 3/ Debt service paid 260.9 240.4 284.8 259.1 406.2 418.3 146.9 59.9 70.2 52.4 80.9 122.8 147.9 234.6 292.6 325.6 388.0 493.6 In percent of export 9.6 8.8 8.7 7.2 10.0 8.3 2.3 0.8 1.3 0.9 1.1 1.7 1.9 2.6 3.0 3.2 3.5 4.1 In percent of GDP 2.8 2.2 2.1 1.6 2.4 2.3 0.7 0.3 0.3 0.2 0.3 0.5 0.5 0.7 0.8 0.8 0.9 1.1 Central African Republic Debt service paid 32.3 43.3 45.9 46.6 27.7 40.9 36.4 43.7 23.4 10.7 11.0 24.8 20.0 22.3 32.1 37.8 28.8 26.9 In percent of export 20.2 26.8 29.8 26.7 16.1 19.6 15.2 20.0 12.4 5.1 4.1 9.7 14.4 15.3 19.5 21.0 14.8 12.7 In percent of GDP 3.6 4.5 4.1 3.7 2.1 2.8 2.1 2.2 1.2 0.5 0.5 1.1 1.3 1.3 1.7 1.8 1.3 1.1 Comoros Debt service paid 2.5 2.4 2.6 4.4 4.1 3.5 6.0 9.1 8.4 5.9 1.6 9.5 2.1 3.0 2.6 4.6 5.1 6.3 In percent of export 7.3 6.0 4.6 7.9 7.5 5.9 8.5 11.8 10.7 6.8 1.6 10.7 2.1 2.7 2.1 3.4 3.5 3.9 In percent of GDP 1.1 0.9 0.8 1.2 1.1 0.9 1.3 1.7 1.6 1.1 0.3 1.6 0.3 0.4 0.3 0.5 0.6 0.6 Congo, Democratic Republic of Debt service paid ... 34.2 363.8 175.4 373.0 213.1 170.7 254.4 187.9 177.0 160.0 181.7 194.6 189.3 330.0 366.5 403.1 341.3 In percent of export ... 2.9 24.0 8.7 15.4 7.1 2.6 3.6 3.8 2.0 1.5 1.9 1.8 1.5 2.3 2.3 2.3 1.8 In percent of GDP ... 0.6 6.4 2.7 5.2 2.4 1.7 2.2 1.7 1.3 1.0 1.1 1.0 0.9 1.5 1.5 1.5 1.2 Congo, Republic of Debt service paid 183.6 230.6 158.4 222.7 607.8 563.5 389.2 217.7 539.1 145.3 139.3 137.1 305.1 366.7 428.3 439.8 454.7 462.1 In percent of export 8.3 9.3 5.2 6.5 11.8 8.3 5.9 2.5 8.0 1.5 1.1 1.2 2.9 3.3 3.7 3.7 3.3 3.3 In percent of GDP 6.6 7.6 4.5 4.8 10.0 7.3 4.6 1.8 5.6 1.2 1.0 1.0 2.3 2.6 2.8 2.7 2.4 2.4 Cote d'Ivoire Debt service paid ... 1.9 274.5 189.5 118.0 72.0 240.8 318.6 286.3 288.4 114.5 255.2 492.7 684.7 823.7 935.6 1,079.4 1,184.6 In percent of export ... 0.0 4.4 2.5 1.4 0.8 2.5 2.8 2.5 2.3 0.8 2.0 3.5 4.6 5.1 5.3 5.6 5.7 In percent of GDP ... 0.0 1.6 1.1 0.7 0.4 1.1 1.4 1.2 1.2 0.5 0.9 1.5 1.9 2.1 2.1 2.2 2.2 Ethiopia 2/ Debt service paid 572.3 521.1 191.3 160.0 165.6 168.2 182.2 89.2 79.5 130.7 229.7 393.6 502.8 755.6 1,001.9 1,164.5 1,333.6 1,471.7 In percent of export 58.5 53.0 16.8 10.7 8.9 8.0 7.3 2.9 2.4 3.2 4.3 6.6 8.5 11.3 13.1 12.9 12.8 12.2 In percent of GDP 7.1 6.8 2.3 1.6 1.4 1.1 0.9 0.3 0.2 0.4 0.7 0.9 1.1 1.5 1.8 1.9 2.0 2.0 The Gambia 3/ Debt service paid 20.8 34.3 16.8 15.6 24.4 25.3 26.5 20.9 19.3 19.9 21.5 24.1 23.4 24.3 26.5 27.6 28.8 29.2 In percent of export 12.8 20.1 10.1 7.9 11.9 11.4 11.5 9.2 8.4 8.8 8.3 9.3 7.9 7.4 7.4 7.1 6.7 6.3 In percent of GDP 3.4 6.4 3.2 2.7 3.9 3.9 3.3 2.2 2.1 2.1 2.4 2.7 2.8 2.6 2.7 2.6 2.5 2.4 Ghana Debt service paid 463.9 446.1 442.0 532.4 573.6 601.6 225.9 358.5 316.1 370.5 462.7 632.7 732.9 962.0 1,360.3 1,554.2 2,052.6 1,677.9 In percent of export 19.3 17.1 13.8 15.6 14.7 12.2 3.8 5.1 4.2 3.9 3.2 3.8 4.5 5.8 7.6 7.7 9.2 6.9 In percent of GDP 6.2 4.7 4.0 3.7 3.3 2.9 0.9 1.3 1.2 1.2 1.2 1.5 1.5 2.6 3.8 4.0 4.8 3.6 Guinea 3/ Debt service paid 103.7 108.6 102.5 98.2 143.5 149.1 145.0 138.9 80.2 57.6 138.8 147.8 55.6 81.4 86.4 103.8 99.3 112.7 In percent of export 12.8 13.9 11.5 10.9 14.0 12.7 12.1 8.9 6.2 4.0 8.6 8.9 3.6 5.3 5.5 6.5 5.4 6.0 In percent of GDP 3.7 3.7 3.0 2.7 4.9 5.1 3.5 3.1 1.7 1.2 2.7 2.6 0.9 1.2 1.2 1.4 1.2 1.3 Guinea-Bissau 3/ Debt service paid 1.4 2.6 5.7 6.2 4.2 5.1 5.6 4.1 11.3 3.8 1.2 1.7 2.9 10.5 10.4 10.4 8.1 8.4 In percent of export 2.0 4.1 8.3 6.9 4.6 5.7 3.4 2.6 7.4 2.8 0.7 1.3 1.8 6.0 5.7 5.5 4.3 4.5 In percent of GDP 0.4 0.6 1.1 1.1 0.7 0.8 0.8 0.5 1.3 0.5 0.1 0.2 0.3 1.0 1.0 0.9 0.7 0.7 17 Table AIII2. Debt Service of 36 Post-Decision-Point HIPCs, 2001–181 (In millions of U.S. dollars, unless otherwise indicated) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Prel. Projections Guyana 3/ Debt service paid 58.8 60.2 59.8 56.1 45.0 27.6 19.0 20.5 17.5 28.7 40.0 42.5 86.1 91.0 100.3 104.3 113.1 122.7 In percent of export 8.9 9.0 8.9 7.5 6.4 3.8 2.1 2.0 1.7 2.5 2.8 2.5 5.6 6.1 6.5 6.6 6.9 7.2 In percent of GDP 5.2 5.2 5.0 4.5 3.4 1.9 1.1 1.1 0.9 1.3 1.6 1.5 2.9 2.9 3.0 2.9 3.0 3.0 Haiti 2/ Debt service paid 36.6 50.1 81.9 55.7 108.7 56.6 98.8 68.5 36.1 5.8 1.9 8.6 24.7 38.5 64.5 92.4 120.7 148.4 In percent of export 8.3 11.4 17.4 10.9 18.0 8.1 12.7 7.5 3.5 0.6 0.1 0.6 1.6 2.4 3.7 5.0 6.1 7.0 In percent of GDP 1.0 1.4 2.8 1.6 2.5 1.2 1.7 1.0 0.5 0.1 0.0 0.1 0.3 0.4 0.7 0.9 1.1 1.3 Honduras 3/ Debt service paid 189.6 224.6 232.6 329.7 365.0 134.4 201.1 131.0 219.8 104.5 188.0 128.4 152.4 289.9 299.2 304.7 317.4 328.0 In percent of export 4.8 5.2 5.4 6.4 6.4 2.2 3.1 1.8 3.8 1.4 2.1 1.4 1.7 3.1 3.1 3.0 3.0 3.0 In percent of GDP 2.5 2.9 2.9 3.8 3.8 1.2 1.6 1.0 1.5 0.7 1.1 0.7 0.8 1.5 1.5 1.5 1.5 1.5 Liberia 2/ Debt service paid 0.6 ... ... 0.6 0.6 1.2 0.2 0.7 0.5 4.2 6.2 6.9 7.3 9.6 15.1 31.8 21.2 28.2 In percent of export 0.3 ... ... 0.2 0.2 0.2 0.0 0.1 0.1 0.8 0.9 0.8 0.8 1.1 1.6 3.0 1.8 2.2 In percent of GDP 0.1 ... ... 0.1 0.1 0.2 0.0 0.1 0.0 0.3 0.4 0.4 0.4 0.5 0.6 1.2 0.7 0.8 Madagascar 3/ Debt service paid 42.2 47.0 56.6 77.2 66.6 51.7 22.1 27.7 53.9 41.0 51.1 49.0 70.9 95.4 104.4 116.2 108.0 135.2 In percent of export 3.2 6.6 4.6 5.4 4.9 3.1 1.0 1.1 2.8 1.9 1.9 1.7 2.2 2.6 2.6 2.8 2.4 2.7 In percent of GDP 0.9 1.1 1.0 1.8 1.3 0.9 0.3 0.3 0.6 0.5 0.5 0.5 0.7 0.8 0.9 0.9 0.8 0.9 Malawi 3/ Debt service paid 93.7 78.7 94.8 102.7 103.1 86.3 16.1 12.8 13.3 17.5 22.9 33.0 40.8 65.8 71.5 72.7 55.4 58.5 In percent of export 19.5 17.0 20.0 19.0 18.5 14.3 1.8 1.2 1.3 1.3 1.6 2.4 2.6 4.0 4.1 3.9 2.8 2.8 In percent of GDP 5.5 3.0 3.9 3.9 3.7 2.8 0.4 0.3 0.3 0.3 0.4 0.8 1.1 1.5 1.4 1.3 0.9 0.9 Mali 3/ Debt service paid 68.3 89.9 97.8 107.7 102.1 121.3 94.5 86.4 124.5 91.5 129.2 112.4 124.3 130.7 143.2 161.0 179.2 189.7 In percent of export 8.1 7.8 7.9 8.2 8.0 6.3 4.5 3.6 5.6 3.7 4.9 3.4 4.5 5.0 5.5 5.9 6.5 6.7 In percent of GDP 2.3 2.6 2.1 2.0 2.0 1.9 1.2 1.1 1.3 1.0 1.3 1.1 1.1 1.2 1.2 1.2 1.3 1.2 Mauritania 3/ Debt service paid 33.8 28.9 28.9 22.0 30.4 26.4 57.9 85.9 112.4 64.0 84.5 71.4 72.5 92.8 150.8 189.9 210.7 221.6 In percent of export 9.5 8.7 9.1 5.0 4.9 1.8 3.9 4.5 7.4 2.9 2.8 2.5 2.6 3.3 5.3 6.2 5.7 5.6 In percent of GDP 3.0 2.5 2.2 1.5 1.6 1.0 2.1 2.4 3.7 1.8 2.1 1.8 1.7 2.1 3.3 3.8 3.8 3.5 Mozambique 3/ Debt service paid 27.1 62.0 71.8 58.1 66.6 23.3 35.1 81.1 46.2 56.6 75.0 129.9 196.2 244.8 290.7 373.0 493.4 ... In percent of export 2.8 5.4 5.3 3.3 3.2 0.8 1.2 2.5 1.7 1.9 1.9 3.1 4.1 4.4 4.2 4.8 5.6 ... In percent of GDP 0.7 1.5 1.5 1.0 1.0 0.3 0.4 0.8 0.5 0.6 0.6 0.9 1.3 1.5 1.6 1.9 2.2 ... Nicaragua 3/ Debt service paid 153.3 158.0 98.3 76.3 87.2 98.3 150.2 100.0 104.6 96.8 97.6 99.3 112.1 140.5 167.1 208.8 221.2 259.9 In percent of export 16.5 17.5 9.7 6.2 6.2 5.0 6.7 3.6 3.8 2.8 2.2 2.0 2.2 2.7 3.1 3.6 3.6 4.0 In percent of GDP 3.7 3.9 2.4 1.7 1.8 1.4 2.0 1.2 1.2 1.1 1.0 0.9 1.0 1.2 1.4 1.6 1.6 1.8 Niger 3/ Debt service paid 32.6 48.8 45.3 43.1 31.6 13.8 30.7 28.0 24.3 30.4 54.7 11.7 42.7 381.4 32.5 36.5 37.1 35.4 In percent of export 9.9 14.1 10.9 8.1 5.6 2.3 4.1 2.7 2.2 2.4 4.1 0.7 2.3 19.0 1.7 1.9 1.4 1.1 In percent of GDP 1.8 2.4 1.7 1.5 0.9 0.4 0.7 0.5 0.4 0.5 0.9 0.2 0.6 4.6 0.4 0.4 0.3 0.3 Rwanda 3/ Debt service paid 39.8 38.5 38.4 42.4 47.2 32.6 12.6 14.3 15.3 17.6 23.1 26.5 233.0 71.4 85.5 96.4 103.2 110.1 In percent of export 28.1 33.9 27.5 21.1 19.3 9.3 3.0 2.1 2.7 2.9 2.6 2.6 19.9 5.6 6.3 6.1 5.8 5.6 In percent of GDP 2.4 2.3 2.1 2.1 1.9 1.0 0.3 0.3 0.3 0.3 0.4 0.4 3.2 0.9 1.0 1.0 1.0 0.9 18 Table AIII2. Debt Service of 36 Post-Decision-Point HIPCs, 2001–181 (concluded) (In millions of U.S. dollars, unless otherwise indicated) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Prel. Projections São Tome and Principe 3/ Debt service paid 2.7 2.2 2.8 3.3 7.0 25.1 3.3 1.9 1.6 1.6 2.4 2.4 4.6 5.9 5.6 5.4 5.3 4.9 In percent of export 24.1 14.8 17.5 21.6 44.0 155.7 24.7 10.9 8.3 6.6 8.0 7.3 14.3 18.0 15.5 13.7 12.4 10.6 In percent of GDP 3.5 2.6 2.7 2.9 5.7 18.6 2.3 1.0 0.8 0.8 0.9 0.9 1.5 1.6 1.4 1.2 1.1 0.9 Senegal 3/ Debt service paid 168.6 213.1 264.1 799.7 299.3 178.2 163.6 151.7 155.3 185.1 501.4 276.1 274.2 430.7 277.0 356.3 457.4 540.2 In percent of export 12.0 13.9 14.4 36.6 12.7 7.4 5.7 4.3 5.0 5.7 13.2 7.0 6.7 9.6 5.7 6.9 8.1 8.6 In percent of GDP 3.5 4.0 3.8 9.9 3.4 1.9 1.4 1.1 1.2 1.4 3.5 2.0 1.9 2.7 1.6 1.9 2.2 2.4 Sierra Leone 3/ Debt service paid 94.2 14.3 14.3 24.5 25.9 18.6 15.0 41.1 15.1 16.0 19.9 29.2 43.6 45.6 52.3 56.6 57.1 58.4 In percent of export 73.0 8.7 6.2 9.9 8.9 5.2 4.3 11.0 4.5 3.8 4.3 2.7 2.6 2.1 2.0 1.9 1.9 1.9 In percent of GDP 8.7 1.1 1.0 1.7 1.6 1.0 0.7 1.6 0.6 0.6 0.7 0.8 0.9 0.8 0.8 0.8 0.8 0.7 Tanzania 2/ 3/ Debt service paid 120.9 165.9 125.4 128.7 114.9 98.0 42.5 53.0 46.4 39.0 74.7 114.0 162.5 221.1 380.2 535.8 672.1 781.1 In percent of export 8.5 9.2 6.2 5.6 4.0 3.1 1.1 1.1 0.9 0.7 1.1 1.4 2.0 2.4 3.8 4.9 5.5 5.8 In percent of GDP 1.2 1.6 1.1 1.1 0.8 0.7 0.3 0.3 0.2 0.2 0.3 0.4 0.5 0.6 1.0 1.3 1.4 1.5 Togo Debt service paid 17.8 1.4 2.7 2.3 2.5 3.5 8.7 39.6 53.7 60.4 31.7 38.2 69.4 71.9 76.4 86.8 75.7 74.8 In percent of export 4.2 0.3 0.4 0.3 0.3 0.4 1.0 3.5 4.5 4.6 1.9 2.3 3.6 3.3 3.2 3.3 2.6 2.3 In percent of GDP 1.3 0.1 0.2 0.1 0.1 0.2 0.3 1.2 1.7 1.9 0.8 1.0 1.6 1.5 1.4 1.5 1.2 1.1 Uganda 2/ 3/4/ Debt service paid 168.8 169.2 152.0 167.5 185.5 135.2 80.8 73.9 89.9 94.4 98.1 110.9 116.2 132.3 152.0 151.4 159.4 168.3 In percent of export 24.9 24.6 20.3 16.6 14.1 8.5 3.9 2.7 2.9 2.7 2.6 2.4 2.3 2.7 2.8 2.6 2.5 2.4 In percent of GDP 2.9 2.7 2.3 2.3 2.0 1.4 0.7 0.5 0.6 0.5 0.6 0.6 0.5 0.5 0.6 0.5 0.5 0.5 Zambia 3/ Debt service paid 146.9 172.3 135.7 131.2 130.0 56.9 13.3 54.1 131.2 39.8 44.8 74.1 94.7 167.3 260.9 261.2 317.0 387.1 In percent of export 13.9 15.6 10.8 6.3 5.2 1.4 0.3 1.0 2.9 0.5 0.5 0.8 0.8 1.4 1.9 1.7 1.8 2.0 In percent of GDP 3.6 4.1 2.8 2.1 1.6 0.4 0.1 0.3 0.9 0.2 0.2 0.3 0.4 0.7 0.9 0.8 0.9 1.0 B. Interim HIPCs Chad Debt service paid 19.9 36.4 52.4 45.5 57.2 69.8 61.6 136.5 65.3 62.1 109.2 152.6 297.2 526.2 677.0 599.0 692.5 674.2 In percent of export 7.9 14.4 7.8 2.0 1.8 2.0 1.6 3.1 2.0 1.5 2.2 3.2 6.8 9.2 10.5 7.5 7.8 8.0 In percent of GDP 1.2 1.8 1.9 1.0 0.9 0.9 0.7 1.3 0.7 0.6 0.9 1.2 2.2 3.3 3.9 3.0 3.2 3.0 Sources: HIPC country documents, and World Bank and IMF staff estimates. Note: Data corresponding to years of decision and completion points under the enhanced HIPC Initiative are in thin and thick boxes, respectively. 1/ Debt service paid covers 2001-2013, and debt service due covers 2014-2018. For post-completion point HIPCs, debt service due reflects the negotiated relief by the debtor countries , additional debt relief, provided by some Paris Club Creditors on a voluntary basis, and MDRI (for countries that have reached the completition point in the more recent years, debt service projections assume full HIPC Initiative debt relief along with additional debt relief by the Paris Club and MDRI). For pre-completion-point countries, debt service due includes interim debt relief and full HIPC Initiative and MDRI assistance expected at the projected completion point. 2/ Data reported on a fiscal year basis. 3/ Reached decision point prior 2000. 4/ Reached completion point prior 2000. 19 Table AIII3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001–181/2/ 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Prel. Projections A. Post-Completion-Point HIPCs Afghanistan In millions of U.S. dollars ... ... ... ... ... ... ... ... ... 292.8 388.8 359.9 453.4 645.7 658.2 - - - In percent of government revenue 3/ ... ... ... ... ... ... ... ... ... 17.6 19.8 17.5 23.0 28.8 25.6 - - - In percent of GDP ... ... ... ... ... ... ... ... ... 1.9 2.2 1.8 2.2 3.0 2.9 - - - Benin 4/ In millions of U.S. dollars 147.8 138.2 202.1 221.9 211.5 224.0 242.7 327.4 337.3 592.2 210.0 271.0 280.9 308.3 - - - - In percent of government revenue 3/ 38.7 27.1 30.4 30.4 30.1 26.7 19.9 27.1 26.3 48.7 17.3 18.8 16.9 17.8 - - - - In percent of GDP 5.9 4.9 5.7 5.5 4.8 4.8 4.4 4.9 5.1 9.0 2.9 3.6 3.4 3.3 - - - - Bolivia 4/ In millions of U.S. dollars 1,005.2 1,056.8 1,074.0 1,130.3 1,186.7 1,365.0 1,541.8 1,937.5 2,262.5 2,443.3 2,810.3 3,122.4 3,530.0 3,911.0 4,297.7 4,697.1 5,145.8 5,673.9 In percent of government revenue 3/ 56.0 62.7 64.0 53.7 42.8 36.3 34.6 29.7 37.4 38.4 32.8 30.8 29.5 29.7 30.5 31.5 32.2 33.2 In percent of GDP 12.3 13.3 13.3 12.9 12.4 11.8 11.7 11.5 13.0 12.3 11.7 11.5 11.5 11.5 11.5 11.5 11.5 11.5 Burkina Faso 4/ In millions of U.S. dollars 109.8 156.8 201.1 274.8 307.2 320.0 381.6 445.3 551.2 609.7 632.6 800.9 835.0 993.0 1,116.0 1,229.6 1,350.7 1,482.5 In percent of government revenue 3/ 35.4 39.0 35.6 39.0 46.5 40.5 39.0 44.3 45.9 43.5 39.7 40.1 35.8 38.1 38.8 38.7 38.9 38.9 In percent of GDP 3.9 4.9 4.8 5.7 5.6 5.5 5.6 5.3 6.6 6.7 6.0 7.3 7.0 7.6 7.8 7.8 7.8 7.8 Burundi In millions of U.S. dollars 29.0 30.0 42.0 49.0 58.0 82.0 127.0 209.0 275.0 324.0 373.0 229.0 175.0 195.0 214.0 233.0 257.0 284.0 In percent of government revenue 3/ 22.8 27.0 33.9 37.1 33.7 46.1 72.2 100.5 110.9 109.8 111.0 67.2 48.1 46.9 44.9 45.0 45.7 46.3 In percent of GDP 3.4 4.2 5.4 5.4 4.8 6.3 9.7 13.5 15.5 16.0 17.0 9.8 6.4 6.4 6.4 6.5 6.6 6.7 Cameroon 4/ In millions of U.S. dollars 335.6 365.0 258.2 824.1 974.9 1,154.8 1,442.0 1,704.6 1,879.2 2,079.4 ... ... ... ... ... ... ... ... In percent of government revenue 3/ 20.5 20.0 12.0 35.6 35.5 34.4 36.8 38.7 47.7 55.0 ... ... ... ... ... ... ... ... In percent of GDP 3.6 3.4 1.9 5.2 5.9 6.4 7.1 7.2 8.5 9.2 ... ... ... ... ... ... ... ... Central African Republic In millions of U.S. dollars ... ... ... ... ... ... 33.2 44.2 63.7 39.0 63.6 58.8 ... ... ... ... ... ... In percent of government revenue 3/ ... ... ... ... ... ... 17.7 22.5 28.8 16.8 28.8 23.1 ... ... ... ... ... ... In percent of GDP ... ... ... ... ... ... 2.0 2.2 3.2 2.0 2.9 2.7 ... ... ... ... ... ... Congo, Democratic Republic of In millions of U.S. dollars ... ... ... ... ... 480.6 599.1 727.4 736.5 889.6 942.4 1,085.9 1,186.8 1,307.0 1,459.6 1,638.3 1,842.3 2,070.0 In percent of government revenue 3/ ... ... ... ... ... 45.8 39.6 38.6 43.5 36.1 31.6 28.9 33.1 30.9 30.6 29.2 29.0 28.9 In percent of GDP ... ... ... ... ... 5.4 6.0 6.3 6.6 6.8 6.0 6.3 6.4 6.4 6.6 6.8 7.0 7.3 Congo, Republic of In millions of U.S. dollars ... ... 142.9 205.9 309.0 458.6 593.1 686.8 788.8 916.7 1,082.4 1,339.0 1,589.1 1,764.2 1,969.6 2,207.0 2,440.8 2,666.8 In percent of government revenue 3/ ... ... 12.6 13.6 13.8 12.7 17.1 13.4 26.8 20.4 18.8 22.6 24.6 26.5 28.7 31.0 32.3 35.5 In percent of GDP ... ... 4.1 4.4 5.1 5.9 7.1 5.8 8.2 7.6 7.5 9.8 11.8 12.3 12.8 13.6 13.1 14.0 Comoros In millions of U.S. dollars ... ... ... ... ... ... ... 41.6 39.4 37.8 53.6 ... ... ... ... ... ... ... In percent of government revenue 3/ ... ... ... ... ... ... ... 59.4 52.6 48.5 54.7 ... ... ... ... ... ... ... In percent of GDP ... ... ... ... ... ... ... 7.8 7.4 7.0 8.8 ... ... ... ... ... ... ... Cote d'Ivoire In millions of U.S. dollars ... ... ... ... 847.1 1,027.8 1,253.0 1,495.3 1,768.9 1,783.8 1,693.0 1,960.0 2,793.5 2,321.4 3,525.5 3,986.6 4,503.5 5,025.3 In percent of government revenue 3/ ... ... ... ... 31.9 30.5 31.0 36.8 41.0 40.7 49.8 38.6 47.1 50.7 49.0 48.5 48.4 48.4 In percent of GDP ... ... ... ... 5.2 5.5 5.8 6.7 7.4 7.2 6.8 7.1 8.8 6.5 8.9 9.0 9.2 9.2 Ethiopia In millions of U.S. dollars 733.4 884.0 1,001.4 1,180.4 1,618.6 2,106.9 2,542.7 3,224.4 3,482.0 3,678.4 3,870.3 5,054.3 5,815.8 6,316.3 6,991.1 7,728.4 8,529.4 9,422.9 In percent of government revenue 3/ 61.0 72.9 77.2 73.3 90.0 93.8 105.3 104.0 98.1 92.5 94.7 87.2 90.6 93.0 90.5 90.2 90.5 89.6 In percent of GDP 9.1 11.5 11.8 11.9 13.3 14.0 13.1 12.2 10.9 12.5 12.3 11.9 12.6 12.7 12.7 12.7 12.7 12.7 The Gambia 4/ In millions of U.S. dollars 19.6 18.4 16.3 21.5 19.7 21.7 31.1 37.2 34.0 35.8 35.7 35.7 38.5 40.6 42.5 44.6 47.0 50.3 In percent of government revenue 3/ 33.6 35.9 32.2 25.3 21.3 20.1 20.3 28.2 23.6 25.6 25.3 25.3 27.7 24.7 23.6 22.9 22.4 22.3 In percent of GDP 3.3 3.4 3.1 3.7 3.2 3.3 3.9 3.9 3.8 3.7 4.0 3.9 4.5 4.4 4.3 4.2 4.1 4.1 Ghana In millions of U.S. dollars 23.6 276.1 483.3 677.6 907.3 1,343.0 1,361.2 1,321.0 1,299.1 1,619.3 1,865.0 2,848.2 2,439.2 1,947.9 2,015.1 2,259.2 2,510.4 2,788.1 In percent of government revenue 3/ 2.5 27.3 32.0 34.3 38.9 48.4 41.2 39.4 37.5 36.2 27.9 41.4 34.9 32.5 32.2 31.7 27.8 26.8 In percent of GDP 0.3 2.9 4.3 4.7 5.2 6.6 5.5 4.6 5.0 5.0 4.7 6.8 5.1 5.2 5.6 5.9 5.9 5.9 Guinea 4/ In millions of U.S. dollars 102.9 131.5 121.9 116.3 114.4 112.7 177.2 205.0 320.0 322.0 221.3 597.0 480.8 541.0 637.1 723.1 783.1 830.6 In percent of government revenue 3/ 30.7 34.0 32.3 31.7 33.1 29.3 29.8 32.6 44.0 47.1 27.7 52.2 42.6 42.1 45.7 47.2 46.4 46.5 In percent of GDP 3.6 4.5 3.5 3.2 3.9 3.9 4.3 4.5 6.9 6.5 4.3 10.6 7.8 8.1 9.1 9.6 9.6 9.6 Guinea - Bissau 4/ In millions of U.S. dollars ... ... ... ... ... ... ... ... 33.4 30.0 33.2 42.7 19.0 45.0 48.5 51.0 53.5 57.5 In percent of government revenue 3/ ... ... ... ... ... ... ... ... 42.4 33.3 31.4 46.4 22.1 48.7 43.7 42.5 41.8 42.5 In percent of GDP ... ... ... ... ... ... ... ... 3.8 3.6 3.5 4.5 2.0 4.4 4.5 4.5 4.5 4.6 Guyana 3/ 4/ In millions of U.S. dollars 144.3 151.0 159.5 157.2 173.8 192.3 198.2 188.2 255.0 266.9 0.0 0.0 0.0 ... ... ... ... ... In percent of government revenue 3/ 62.4 65.0 61.6 53.7 57.2 56.8 47.0 45.5 51.4 49.7 0.0 0.0 0.0 ... ... ... ... ... In percent of GDP 12.8 13.0 13.4 12.6 13.2 13.2 11.4 9.8 12.6 11.8 0.0 0.0 0.0 ... ... ... ... ... Haiti In millions of U.S. dollars ... ... ... ... ... ... ... ... 166.6 240.3 237.3 325.4 328.1 ... ... ... ... ... In percent of government revenue 3/ ... ... ... ... ... ... ... ... 23.3 30.5 24.9 32.8 30.9 ... ... ... ... ... In percent of GDP ... ... ... ... ... ... ... ... 2.5 3.6 3.2 4.1 3.9 ... ... ... ... ... Honduras 4/ In millions of U.S. dollars 566.0 496.5 533.4 624.0 741.2 763.6 957.6 1,094.0 1,111.9 1,162.5 1,217.9 1,227.2 1,402.6 1,335.6 0.0 0.0 0.0 0.0 In percent of government revenue 3/ 48.5 41.1 41.4 31.6 33.7 31.7 34.1 32.6 34.1 32.4 31.3 30.9 34.4 28.3 0.0 0.0 0.0 0.0 In percent of GDP 7.5 6.4 6.6 7.1 7.7 7.0 7.8 7.9 7.7 7.4 6.9 6.6 7.6 6.9 0.0 0.0 0.0 0.0 Liberia 3/ In millions of U.S. dollars ... ... ... ... ... ... ... ... ... 224.9 223.3 237.3 279.5 313.9 352.5 403.1 446.9 490.3 In percent of government revenue 3/ ... ... ... ... ... ... ... ... ... 65.0 59.6 52.3 57.1 67.0 66.5 67.1 66.5 66.1 In percent of GDP ... ... ... ... ... ... ... ... ... 17.4 14.5 13.7 14.4 14.8 14.9 15.3 15.0 14.5 20 Table AIII3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001–181/2/ 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Prel. Projections Madagascar 4/ In millions of U.S. dollars 267.4 233.1 290.1 246.5 317.7 326.6 448.6 483.7 458.5 469.5 499.8 515.3 547.6 604.3 757.5 939.1 1,139.6 1,360.0 In percent of government revenue 3/ 58.5 62.4 50.6 46.9 62.2 49.7 49.9 46.4 54.3 49.2 57.7 55.8 54.3 52.9 61.4 69.1 76.6 83.6 In percent of GDP 5.9 5.3 5.3 5.6 6.3 5.9 6.1 5.1 5.4 5.4 5.1 5.2 5.1 5.4 6.4 7.4 8.4 9.4 Malawi 4/ In millions of U.S. dollars 161.9 189.7 182.5 164.9 218.6 269.0 388.7 551.2 626.9 710.1 613.2 846.3 493.9 518.8 570.9 599.9 659.6 670.7 In percent of government revenue 3/ 56.0 63.0 52.3 37.3 43.2 49.9 58.0 64.8 60.7 53.0 43.2 63.3 57.6 43.2 40.7 37.5 36.1 34.5 In percent of GDP 9.4 7.1 7.5 6.3 7.9 8.6 10.7 12.9 12.5 13.2 10.9 20.3 12.9 11.8 11.5 10.9 10.7 9.9 Mali 4/ In millions of U.S. dollars 406.7 528.9 668.1 805.8 775.8 1,009.3 1,222.3 1,042.4 1,488.3 1,302.7 1,535.6 938.3 1,578.6 1,857.6 2,055.7 2,315.6 2,577.8 2,803.1 In percent of government revenue 3/ 96.1 91.9 84.5 86.7 84.7 90.4 96.5 82.7 92.2 80.2 89.7 52.4 82.0 87.5 86.2 86.2 86.2 86.2 In percent of GDP 13.5 15.3 14.5 15.0 14.8 15.7 16.1 12.8 15.8 13.9 15.2 9.0 14.5 17.1 17.1 17.7 18.1 18.1 Mauritania 4/ In millions of U.S. dollars 79.1 105.0 214.0 179.5 129.1 185.7 265.8 398.0 332.6 325.1 385.0 461.5 539.1 560.6 - - - - In percent of government revenue 3/ 35.2 29.7 54.7 39.0 28.7 23.4 36.0 51.2 46.3 35.9 35.8 35.3 39.2 39.0 - - - - In percent of GDP 7.0 9.1 16.6 12.0 7.0 6.9 9.4 11.3 11.0 9.0 9.4 11.7 12.9 12.8 - - - - Mozambique 4/ In millions of U.S. dollars 590.6 647.5 699.3 875.8 943.4 1,183.8 1,331.7 1,958.8 2,097.6 2,119.5 2,146.0 2,446.5 2,808.8 - - - - - In percent of government revenue 3/ 145.5 128.1 113.7 98.3 106.5 113.9 96.0 128.4 123.5 112.9 76.9 76.5 74.4 - - - - - In percent of GDP 14.5 15.4 15.0 15.4 14.3 16.4 16.4 19.7 21.0 22.2 17.1 17.2 19.1 - - - - - Nicaragua 4/ In millions of U.S. dollars 361.5 410.7 467.5 536.0 620.7 632.3 771.1 850.1 837.0 847.9 922.5 1,009.2 1,090.0 1,259.0 1,371.0 1,466.0 1,591.0 1,724.0 In percent of government revenue 3/ 41.7 45.5 46.4 46.3 47.7 42.5 45.8 46.3 47.1 42.0 38.6 39.0 40.4 43.3 44.2 43.8 44.8 45.3 In percent of GDP 8.8 10.2 11.4 12.0 12.7 9.3 10.3 10.0 10.0 9.5 9.3 9.5 9.7 10.6 11.1 11.2 11.5 11.8 Niger 4/ In millions of U.S. dollars ... 169.8 221.5 280.6 291.5 339.0 376.0 430.1 401.5 353.4 626.2 677.6 994.0 1,039.8 1,116.2 1,235.9 1,409.7 1,551.4 In percent of government revenue 3/ ... 67.9 75.4 79.0 85.3 68.1 54.7 46.9 49.6 45.5 72.7 62.4 75.7 68.3 65.9 62.0 57.4 56.7 In percent of GDP ... 8.2 8.4 9.7 8.6 9.3 8.8 7.9 7.4 6.2 9.8 10.1 13.4 12.5 12.4 12.7 12.6 12.4 Rwanda 4/ In millions of U.S. dollars 90.6 107.8 115.4 137.0 216.4 233.4 398.0 557.7 646.8 787.0 863.1 910.2 936.2 995.7 1,028.5 1,134.4 1,247.1 1,362.4 In percent of government revenue 3/ 48.4 55.0 55.1 53.1 66.7 61.7 84.3 82.1 97.1 108.6 96.3 82.4 78.5 73.6 66.6 0.0 0.0 0.0 In percent of GDP 5.5 6.5 6.4 6.6 8.5 7.5 10.5 11.9 12.2 14.1 13.6 12.8 12.8 12.8 12.0 12.0 11.9 11.6 São Tome and Principe 4/ In millions of U.S. dollars 13.7 12.1 15.2 14.7 14.4 15.8 19.4 22.3 40.9 15.6 21.8 54.2 66.2 - - - - - In percent of government revenue 3/ 138.2 98.1 101.6 90.3 23.9 67.6 36.9 76.5 129.9 42.8 50.3 124.6 102.4 - - - - - In percent of GDP 17.9 14.3 15.0 13.3 11.7 11.7 13.4 12.2 20.8 7.7 8.8 20.5 21.3 - - - - - Senegal 4/ In millions of U.S. dollars 292.7 300.9 436.9 541.7 622.5 634.9 829.1 949.2 1,030.3 1,102.4 1,167.7 1,376.8 0.0 - - - - - In percent of government revenue 3/ 35.7 29.2 32.4 34.1 39.1 32.7 32.8 39.6 41.2 44.2 42.3 47.0 0.0 - - - - - In percent of GDP 6.0 5.6 6.4 6.7 7.1 6.8 7.3 7.1 8.0 8.5 8.1 9.8 0.0 - - - - - Sierra Leone In millions of U.S. dollars 36.7 57.4 59.7 49.9 53.5 61.6 53.4 108.6 93.8 99.3 122.8 200.6 236.1 247.5 285.5 321.4 356.8 395.1 In percent of government revenue 3/ 37.3 51.9 52.4 39.1 35.5 35.5 28.3 49.4 48.3 41.4 24.8 46.4 48.4 44.8 43.1 43.3 42.4 42.4 In percent of GDP 3.4 4.6 4.3 3.5 3.2 3.3 2.5 4.3 3.8 3.9 4.2 5.3 5.1 4.6 4.6 4.7 4.9 5.1 Tanzania 4/ In millions of U.S. dollars 595.1 799.3 860.7 1,023.6 1,095.4 1,544.1 2,071.3 2,876.9 3,685.7 4,026.3 4,366.3 5,070.9 5,777.1 6,159.2 6,494.4 6,838.3 7,117.9 - In percent of government revenue 3/ 56.8 72.6 74.0 77.7 69.6 91.1 95.8 93.5 112.8 115.7 119.6 110.2 109.7 96.9 87.7 82.3 78.3 - In percent of GDP 5.8 7.6 7.6 8.5 8.0 10.8 13.6 15.2 17.6 17.6 18.4 19.7 18.7 17.6 16.9 16.2 15.3 - Togo In millions of U.S. dollars 69.2 64.0 75.4 93.5 106.7 137.6 161.4 201.2 209.1 209.7 284.3 299.3 318.1 308.6 372.7 413.3 465.2 516.7 In percent of government revenue 3/ 35.4 32.5 24.3 26.6 33.8 34.9 35.8 44.3 37.2 36.6 45.4 43.4 40.7 33.9 36.1 36.3 37.1 37.4 In percent of GDP 5.2 4.3 4.5 4.8 5.0 6.2 6.4 6.3 6.6 6.6 7.6 7.6 7.3 6.4 7.0 7.1 7.3 7.4 Uganda 4/ 5/ In millions of U.S. dollars 235.3 335.7 343.1 377.7 448.5 475.4 614.4 559.9 676.8 730.5 783.9 876.6 919.4 - - - - - In percent of government revenue 3/ 36.0 48.1 47.9 40.5 40.1 39.0 36.6 28.8 37.2 39.0 32.5 32.7 32.6 - - - - - In percent of GDP 4.0 5.4 5.2 5.2 4.9 4.8 5.2 3.9 4.3 4.2 4.7 4.5 4.3 - - - - - Zambia 4/ In millions of U.S. dollars 45.7 35.3 46.8 111.1 1,198.9 906.4 1,109.0 1,021.6 850.3 1,037.4 1,295.9 1,628.0 1,664.0 1,794.1 1,959.9 2,182.0 2,414.2 - In percent of government revenue 3/ 7.0 5.3 5.9 11.2 74.6 61.8 50.0 47.7 38.3 36.0 34.0 37.6 37.5 39.3 37.7 35.8 35.0 - In percent of GDP 1.1 0.8 1.0 1.8 14.4 7.1 7.9 5.7 5.5 5.1 5.5 6.5 6.2 7.0 6.8 6.9 6.9 - 21 Table AIII3. Poverty-Reducing Expenditure of 36 Post-Decision-Point HIPCs 2001–181/2/ (concluded) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Prel. Projections B. Interim HIPCs Chad In millions of U.S. dollars 64.3 84.8 113.0 132.4 326.0 558.0 806.4 892.8 942.7 887.4 1,086.0 1,185.2 1,382.3 1,654.5 1,890.5 1,969.9 2,100.9 2,390.6 In percent of government revenue 3/ 51.6 48.6 48.4 32.7 62.3 52.2 50.5 43.6 78.5 44.0 40.6 43.1 55.8 56.5 63.3 53.1 49.5 49.3 In percent of GDP 3.8 4.3 4.1 3.0 4.9 7.5 9.3 8.6 10.2 8.3 8.9 9.6 10.3 10.4 10.8 9.9 9.6 10.6 Sources: HIPC country documents, and World Bank and IMF staff estimates. Note: Data corresponding to years of decision and completion points under the enhanced HIPC Initiative are in thin and thick boxes, respectively. 1/ The coverage of poverty-reducing expenditures varies across countries, but is generally consistent with the definition in the PRSP and the budget of each HIPC. In some countries, the definition of poverty-reducing expenditures has evolved over time to include more sectors; therefore, some of the increase in such spending over the 2001-2003 period may reflect changes in the definition. In the majority of countries expenditures on health and education are included but beyond that there are wide variations in the sectoral spending included. 2/ Central government revenue excluding grants. 3/ Currently fiscal data reported by authorities does not allow monitoring of poverty reduction expenditures. 4/ Reached decision point prior 2000. 5/ Reached completion point prior 2000. 22 Table AIII4. HIPC Initiative and MDRI: Committed Debt Relief and Outlook1/ (In millions of U.S. dollars; status as of end-August 2014) Decision Completion Assistance under the HIPC Initiative Assistance Delivered Total HIPC and Point Date Point Date under MDRI 2/ MDRI Assistance In PV Terms as of Decision Point In Nominal Terms In Nominal Terms In Nominal Terms 3/ 4/ (1) (2) (3) (4) (5) (6)=(4)+(5) 35 Post-Completion-Point HIPCs … 76,118 49,660 125,778 Afghanistan Jul-07 Jan-10 582 1,280 39 1,319 Benin Jul-00 Mar-03 262 460 1,128 1,588 Bolivia 5/ Feb-00 Jun-01 1,330 2,060 2,833 4,893 Burkina Faso 5/ 6/ Jul-00 Apr-02 553 930 1,196 2,126 Burundi Aug-05 Jan-09 833 1,366 103 1,469 Cameroon Oct-00 Apr-06 1,267 4,917 1,288 6,205 Central African Republic Sep-07 Jun-09 578 804 294 1,098 Comoros Jun-10 Dec-12 146 136 78 215 Congo, Dem. Rep. of the Jul-03 Jul-10 7,252 15,222 1,050 16,272 Congo, Rep. of Mar-06 Jan-10 1,575 1,738 196 1,934 Cote d'Ivoire Mar-09 Jun-12 1,576 3,415 1,844 5,259 Ethiopia 6/ Nov-01 Apr-04 1,935 3,275 3,291 6,566 Gambia, The Dec-00 Dec-07 67 112 377 489 Ghana Feb-02 Jul-04 2,187 3,500 3,891 7,391 Guinea Dec-00 Sep-12 639 800 975 1,775 Guinea-Bissau 6/ Dec-00 Dec-10 489 790 129 919 Guyana 5/ Nov-00 Dec-03 610 1,354 710 2,064 Haiti Nov-06 Jun-09 140 213 964 1,176 Honduras Jun-00 Apr-05 556 1,000 2,726 3,726 Liberia 8/ Mar-08 Jun-10 2,739 4,600 260 4,860 Madagascar Dec-00 Oct-04 836 1,900 2,384 4,284 Malawi 6/ Dec-00 Aug-06 939 1,628 1,577 3,205 Mali 5/ Sep-00 Mar-03 539 895 1,968 2,863 Mauritania Feb-00 Jun-02 622 1,100 877 1,977 Mozambique 5/ Apr-00 Sep-01 2,143 4,300 2,022 6,322 Nicaragua Dec-00 Jan-04 3,308 4,500 1,916 6,416 Niger 6/ Dec-00 Apr-04 644 1,190 1,053 2,243 Rwanda 6/ Dec-00 Apr-05 651 1,316 513 1,829 São Tomé and Príncipe 6/ Dec-00 Mar-07 117 263 66 329 Senegal Jun-00 Apr-04 488 850 2,460 3,310 Sierra Leone Mar-02 Dec-06 675 994 663 1,657 Tanzania Apr-00 Nov-01 2,026 3,000 3,816 6,816 Togo Nov-08 Dec-10 282 360 713 1,073 Uganda 5/ Feb-00 May-00 1,027 1,950 3,501 5,451 Zambia Dec-00 Apr-05 2,499 3,900 2,757 6,657 1 Interim HIPCs … 260 … 260 Chad May-01 ... 170 260 … 260 2 Non-HIPCs 7/ 182 182 Cambodia ... ... ... ... 82 82 Tajikistan ... ... ... ... 100 100 Total Debt Relief Committed … 76,378 49,843 126,220 Sources: HIPC documents, and World Bank and IMF staff estimates. 1/ Committed debt relief under the assumption of full participation of creditors. 2/ Nominal MDRI costs include principal and interest foregone for all multilaterals participating in the Initiative, except IMF, which only include principal. The estimated costs for IMF reflect the stock of debt eligible for MDRI relief, which is the debt outstanding (principal only) as of end-2004 and that has not been repaid by the member and is not covered by HIPC assistance (EBS/05/158 Revision 1, 12/15/2005). 3/ Topping-up assistance and assistance provided under the original HIPC Initiative are expressed in PV-terms as of the time of the decision point. 4/ No totals are shown because the amounts are in different PV terms (according to the date of the decision point). 5/ Also reached completion point under the original HIPC Initiative. The assistance includes original debt relief. 6/ Assistance includes topping up at completion point. 7/ IMF MDRI debt relief to Cambodia and Tajikistan. 8/ Liberia received MDRI-type (beyond-HIPC) debt relief at end-June 2010, which was financed from the Liberia Administered Account. 23 Table AIII5. HIPC Initiative: Cost Estimates to Multilateral Creditors and Status of their Commitments to Post-Completion-Point HIPCs (In millions of U.S. dollars, in end-2013 PV terms; status as of end-August 2014) Number of Completion Creditors Point Debtors HIPC Assistance Costs Total Relief In millions of U.S. Percent Commited dollars, in end-2013 PV of Total Terms Cost Delivering or Committed to Deliver Debt Relief 27,639 99.4 World Bank Group 35 35 12,972 46.7 African Development Bank (AfDB) Group 29 29 4,936 17.8 International Monetary Fund (IMF) 35 35 4,468 16.1 Inter-American Development Bank (IaDB) 5 5 1,643 5.9 European Union/European Investment Bank (EU/EIB) 30 30 1,055 3.8 Central American Bank for Economic Integration (CABEI) 2 2 716 2.6 International Fund for Agricultural Development (IFAD) 34 34 454 1.6 Arab Bank for Economic Development in Africa (BADEA) 27 27 341 1.2 OPEC Fund for International Development (OFID) 35 35 271 1.0 Islamic Development Bank (IsDB) 15 14 188 0.7 Arab Fund for Economic and Social Development (AFESD) 1 1 89 0.3 Corporación Andina de Fomento (CAF) 1 1 130 0.5 West African Development Bank (BOAD) 4 4 88 0.3 Caricom Multilateral Clearing Facility (CMCF) 5 5 85 0.3 Asian Development Bank (AsDB) 1 1 69 0.2 Nordic Development Fund (NDF) 9 9 39 0.1 Fund for the Financial Development of the River Plate Basin (FONPLATA) 1 1 35 0.1 Caribbean Development Bank (CDB) 1 1 25 0.1 Arab Monetary Fund (AMF) 1 1 17 0.1 Central Bank of West African States (BCEAO) 3 1 8 0.0 Nordic Investment Bank (NIB) 1 1 5 0.0 East African Development Bank (EADB) 2 2 5 0.0 Shelter Afrique 2 1 1 0.0 Banco Interamericano de Ahorro y Préstamo (BIAPE) 1 1 0 0.0 Have not Indicated Intention to Provide Relief under the HIPC Initiative 164.2 0.6 Banque des Etats de l'Afrique Centrale (BEAC) 1 0 44.7 0.2 Economic Community of West African States (ECOWAS) 10 0 29.6 0.1 Eastern and Southern African Trade and Development Bank (PTA Bank) 2 0 12.4 0.0 Banque de Développement des Etats de l'Afrique Centrale (BDEAC) 2 0 12.9 0.0 Banque de Dévelopment des Etats des Grands Lacs (BDEGL) 2 0 57.3 0.2 Conseil de L'Entente (FEGECE) 3 0 3.9 0.0 Fondo Centroamericano de Estabilización Monetaria (FOCEM) 1 0 2.4 0.0 Islamic Solidarity Fund for Development (ISFD) 1 0 1.0 0.0 Total 27,804 100.0 Sources: HIPC documents, country authorities, and World Bank and IMF staff estimates.  24 Table AIII6A. Status of Delivery of HIPC Initiative and MDRI Assistance by the World Bank (In millions of U.S. dollars; status as of end-August 2014) Assistance under the MDRI World Bank Assistance under the HIPC Initiative Total Committed Total Delivered (IDA only) Assistance Assistance under the HIPC under the HIPC Committed Committed Delivered Delivered Delivered Initiative and Initiative and Committed Assistance in Assistance in Assistance Assistance in Assistance in MDRI in end- MDRI in end- Assistance in PV Terms as of end-2013 PV in end-2013 Nominal end-2013 PV 2013 PV Terms 2013 PV Terms Nominal Terms Decision Point Terms PV Terms 1/ Terms 2/ Terms (I) (II) (III) (IV) (V) (VI) (III) + (VI) (IV) + (VI) 35 Post-Completion-Point HIPCs TOTAL 3/ 16,476.8 … 12,971.5 9,122.1 34,201.0 26,491.8 39,463.3 35,613.9 Afghanistan 125.8 76.0 88.7 24.0 38.7 26.5 115.2 50.6 Benin 124.3 84.4 118.1 113.7 705.2 578.1 696.2 691.8 Bolivia 4/ 287.2 197.4 276.1 267.6 1,558.8 1,262.9 1,539.0 1,530.5 Burkina Faso 4/ 5/ 419.5 231.7 324.2 257.3 758.2 589.9 914.1 847.1 Burundi 774.8 425.2 522.8 207.0 66.4 50.9 573.7 257.9 Cameroon 297.0 176.1 246.4 174.8 840.9 656.7 903.1 831.5 Central African Republic 291.8 206.9 247.9 143.5 188.3 151.5 399.4 294.9 Comoros 65.8 44.9 49.8 9.5 46.5 33.2 83.0 42.7 Congo, Dem. Rep. of 1,435.4 878.7 1,137.7 712.1 899.7 604.5 1,742.2 1,316.6 Congo, Republic of 67.4 47.0 57.8 28.9 179.7 135.6 193.5 164.6 Côte d’Ivoire 430.6 412.6 469.5 400.5 1,561.3 1,183.7 1,653.2 1,584.2 Ethiopia 5/ 1,288.4 807.2 1,100.5 692.7 2,406.8 1,738.4 2,838.9 2,431.1 Gambia, The 35.9 22.3 31.2 26.0 202.3 161.6 192.8 187.6 Ghana 1,445.7 781.6 1,065.5 669.2 3,076.1 2,400.5 3,466.0 3,069.7 Guinea 327.3 173.6 242.9 129.6 823.8 615.0 857.8 744.6 Guinea-Bissau 5/ 263.7 116.7 167.6 88.3 74.0 49.4 217.0 137.7 Guyana 4/ 132.8 70.2 98.2 75.1 194.3 154.8 253.0 229.9 Haiti 54.5 52.8 63.3 63.5 471.3 389.6 452.8 453.1 Honduras 171.6 97.8 136.8 155.2 1,217.4 966.3 1,103.0 1,121.5 Liberia 394.1 373.6 425.1 435.4 70.7 59.7 484.7 495.0 Madagascar 444.4 256.2 358.5 261.8 1,819.5 1,437.0 1,795.5 1,698.8 Malawi 5/ 993.5 538.7 753.7 460.7 1,265.5 940.0 1,693.8 1,400.7 Mali 4/ 291.8 184.1 257.6 247.4 1,297.1 1,045.3 1,302.9 1,292.7 Mauritania 172.8 99.9 139.7 103.8 564.9 442.0 581.8 545.9 Mozambique 4/ 1,055.1 438.6 613.6 622.3 1,345.8 1,076.0 1,689.6 1,698.3 Nicaragua 382.6 190.9 267.0 150.5 794.0 580.8 847.8 731.3 Niger 5/ 410.1 231.0 323.2 210.0 767.7 567.8 890.9 777.7 Rwanda 5/ 709.4 353.2 494.1 256.6 369.2 251.5 745.7 508.1 São Tomé and Príncipe 5/ 61.1 29.8 41.6 22.0 26.7 19.5 61.2 41.6 Senegal 163.9 123.6 173.0 172.4 1,902.4 1,562.5 1,735.4 1,734.9 Sierra Leone 234.5 123.4 164.0 103.6 396.6 289.5 453.4 393.0 Tanzania 1,157.1 694.5 971.6 693.5 2,891.3 2,272.6 3,244.2 2,966.0 Togo 98.0 101.5 115.5 111.8 589.7 481.8 597.3 593.6 Uganda 4/ 983.6 527.8 738.4 594.0 2,856.1 2,261.9 3,000.4 2,856.0 Zambia 885.2 493.2 690.0 437.7 1,934.0 1,454.9 2,144.9 1,892.7 1 Interim HIPCs TOTAL 1/ 106.7 … 92.9 39.5 ... ... 92.9 39.5 Chad 106.7 68.1 92.9 39.5 ... ... 92.9 39.5 Total Debt Relief Committed 1/ 16,583.5 … 13,064.5 9,161.6 34,201.0 26,491.8 39,556.2 35,653.4 Sources: HIPC documents, and World Bank staff estimates. 1/ Total delivered HIPC assistance to end-2013. 2/ Nominal MDRI costs include principal and interest foregone. 3/ The total amounts shown are only indicative, as they represent the sum of individual commitments expressed in different PV terms, corresponding to the time of the decision point of each HIPC. 4/ Also reached completion point under the original HIPC Initiative. The assistance includes original debt relief. 5/ The assistance includes topping-up at completion point. 25 Table AIII6B. World Bank Group Debt Service after HIPC and MDRI Debt Relief, 2000–18 (In millions of U.S. dollars) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20 Actual 1/ Projected 1/ Debt Service before HIPC Initiative Debt Relief Afghanistan - - - 31 4 5 5 6 6 6 6 7 7 10 17 20 20 20 Benin 15 14 14 16 19 21 22 24 25 27 29 30 32 33 35 38 39 42 Bolivia 31 21 23 27 33 35 37 40 45 52 56 59 63 70 80 83 85 88 Burkina Faso 14 10 14 16 20 23 24 26 27 29 30 35 41 44 46 49 51 57 Burundi 13 14 16 19 20 25 22 23 27 27 29 31 32 35 35 37 37 36 Cameroon 92 115 88 74 59 57 89 46 41 44 44 45 46 47 50 48 49 51 Central African Republic 2/ 9 9 0 - - - 66 15 16 16 18 19 20 20 20 20 19 19 Chad 9 15 11 12 15 22 28 22 68 26 26 28 29 31 33 35 35 36 Comoros - - - - - - - - 4 4 4 4 4 4 5 5 5 5 Congo, Dem. Rep. of 2/ - - 329 43 47 60 37 53 62 59 60 60 70 84 93 92 91 91 Congo, Republic of 12 82 12 11 9 9 6 8 8 8 7 8 9 10 12 13 13 13 Côte d’Ivoire 2/ - - - - - - - - 307 424 85 69 68 67 70 73 81 84 Ethiopia 34 38 43 55 67 73 76 80 96 104 107 123 133 142 158 163 167 175 1 Gambia, The 4 4 4 5 6 6 6 7 7 9 9 10 10 10 11 11 11 10 Ghana 57 63 70 77 91 102 104 117 128 138 146 160 173 181 182 200 208 216 2 Guinea 19 22 22 26 28 32 33 36 43 32 48 49 52 52 53 54 55 55 Guinea-Bissau 6 6 5 6 7 7 8 9 10 10 11 12 13 14 14 14 14 14 Guyana 7 6 8 6 6 6 6 6 6 7 8 9 9 10 10 10 11 11 Haiti 10 4 - - 1 52 18 20 20 20 21 21 21 20 20 22 22 22 Honduras 63 65 58 45 41 110 45 43 44 41 35 40 45 48 54 66 78 83 Liberia 2/ - - - - - - - 422 4 4 4 8 4 4 4 4 4 4 Madagascar 28 32 32 38 45 48 52 58 66 71 76 83 86 89 96 100 104 108 1 Malawi 36 38 37 43 48 51 54 57 61 68 72 76 79 84 86 88 90 92 Mali 23 21 21 25 31 34 36 40 43 46 50 57 61 62 65 68 72 78 Mauritania 12 9 10 11 13 15 16 17 20 21 24 26 28 29 30 33 34 35 Mozambique 15 11 12 16 25 28 30 33 36 41 49 54 61 67 75 81 85 88 Nicaragua 12 12 10 12 16 18 19 21 23 27 29 30 37 39 43 45 47 49 Niger 16 17 15 18 20 22 26 29 32 33 33 37 39 41 43 45 47 48 Rwanda 12 15 16 19 21 23 25 26 28 30 32 36 38 41 42 44 43 44 São Tomé and Príncipe 1 1 2 2 2 2 2 2 3 2 3 3 3 3 4 4 4 4 Senegal 36 34 29 36 44 46 49 55 62 68 75 82 86 88 90 95 98 104 1 Sierra Leone 4 5 7 9 12 13 14 14 14 15 16 16 18 21 24 25 26 26 Tanzania 68 60 69 79 93 94 97 108 115 122 140 155 167 176 192 200 212 226 2 Togo 2/ - - - - - - - 98 26 28 26 28 27 27 27 28 29 29 Uganda 35 34 42 55 69 75 75 80 90 98 108 120 135 144 152 157 158 167 1 Zambia 27 34 35 39 50 51 55 60 64 69 73 83 86 92 97 104 107 110 1 TOTAL 719 809 1052 870 964 1167 1182 1700 1677 1824 1588 1711 1835 1941 2068 2170 2254 2341 24 Debt Service after HIPC Initiative Debt Relief Afghanistan - - - 31 4 5 5 4 2 2 2 4 4 5 10 13 13 12 Benin 12 7 7 9 11 12 14 15 16 18 19 20 22 22 29 38 39 42 Bolivia 31 21 14 14 20 21 22 23 27 33 35 38 41 48 63 83 85 88 Burkina Faso 11 3 7 8 11 13 13 16 17 18 19 23 27 30 32 33 36 41 Burundi 13.4 13.8 15.8 19.0 19.9 16.8 1.7 2.4 4.1 2.8 3.5 4.2 4.5 5 6 7 7 7 Cameroon 92 86 69 58 59 57 78 30 24 27 27 28 29 30 33 31 32 34 Central African Republic 9 9 0 - - - - 13 7 6 7 7 8 8 20 20 19 19 Chad 9 11 6 7 9 16 21 18 68 26 26 28 29 31 33 32 35 36 Comoros - - - - - - - - 4 4 2 1 1 1 2 2 2 2 Congo, Dem. Rep. of - - - 28 15 26 0 12 19 22 17 17 23 34 42 42 42 42 Congo, Republic of 12 82 12 11 9 9 3 4 4 4 4 4 5 6 7 8 8 8 Côte d’Ivoire - - - - - - - - 50 97 63 69 51 34 35 42 70 84 Ethiopia 34 36 18 26 36 16 15 17 25 29 31 40 45 49 64 68 71 79 Gambia, The 4 2 2 3 3 5 6 7 4 6 6 6 7 7 7 7 10 10 Ghana 57 63 37 32 42 49 47 56 63 70 75 85 94 99 99 115 122 129 1 Guinea 19 11 11 14 16 19 18 22 37 32 48 49 43 25 26 27 27 28 Guinea-Bissau 5 1 0 1 2 2 2 2 3 3 3 1 2 2 2 2 2 2 Guyana 7 4 5 4 4 3 3 3 3 4 4 5 5 5 6 6 6 6 Haiti 10 4 - - 1 - 16 12 19 15 14 21 21 20 20 22 22 22 Honduras 57 46 45 45 41 92 16 18 19 22 23 31 45 48 54 66 78 83 Liberia - - - - - - - 55 4 4 4 8 4 4 4 4 4 4 Madagascar 28 17 17 21 27 29 32 36 42 47 51 57 60 63 69 73 77 81 Malawi 36 21 18 22 26 27 29 11 12 14 16 17 18 19 21 22 23 23 Mali 21 11 11 13 18 20 22 25 27 30 33 38 42 43 47 68 72 78 Mauritania 7 3 4 5 7 8 8 9 11 12 15 16 18 19 20 22 23 24 Mozambique 8 5 6 9 16 18 20 22 25 38 49 54 61 67 75 81 85 88 Nicaragua 12 7 2 3 6 7 7 8 9 12 14 15 20 21 23 25 26 27 Niger 16 8 6 8 8 7 8 10 11 12 12 14 15 17 19 20 21 22 Rwanda 12 3 2 4 6 6 3 4 5 5 6 8 9 11 12 13 13 13 São Tomé and Príncipe 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 1 Senegal 31 20 14 25 33 28 30 34 40 45 69 82 86 88 90 95 98 104 1 Sierra Leone 4 5 3 2 3 4 4 4 5 5 5 5 7 9 10 11 11 11 Tanzania 40 22 26 33 45 46 47 55 61 65 78 91 100 108 123 131 143 157 1 Togo - - - - - - - - 26 28 26 28 27 27 27 28 29 29 Uganda 26 23 28 35 42 46 46 50 58 65 72 82 95 102 110 113 115 124 1 Zambia 27 15 13 14 21 17 17 20 24 27 32 38 38 41 43 47 48 50 TOTAL 651 560 399 502 562 626 556 617 777 847 912 1035 1107 1150 1283 1415 1515 1610 16 26 Table AIII6B. World Bank Group Debt Service after HIPC and MDRI Debt Relief, 2000–18 (concluded) (In millions of U.S. dollars) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Actual 1/ Projected 1/ Debt Service after HIPC Initiative Debt Relief and MDRI Afghanistan - - - 31 4 5 5 4 2 2 2 3 3 4 10 12 12 12 11 Benin 12 7 7 9 11 12 7 2 2 2 3 3 4 4 6 8 9 11 12 Bolivia 31 21 14 14 20 21 12 2 3 4 4 5 7 9 13 15 15 19 23 Burkina Faso 11 3 7 8 11 13 8 4 5 6 6 9 11 12 14 15 18 22 25 Burundi 13 14 16 19 20 17 2 2 4 1 1 2 2 3 4 5 5 5 5 Cameroon 92 86 69 58 59 57 71 17 10 11 10 12 13 14 15 12 10 12 16 Central African Republic 9 9 0 - - - - 13 7 3 0 0 0 1 1 1 1 1 Chad 9 11 6 7 9 16 21 18 68 26 26 28 29 31 33 6 6 6 6 Comoros - - - - - - - - 4 4 2 1 1 0.1 0.3 0.4 0.4 0.4 0.4 Congo, Dem. Rep. of - - - 28 15 26 0 12 19 22 13 6 11 20 27 27 27 27 27 Congo, Republic of 12 82 12 11 9 9 3 4 4 4 2 1 1 2 2 2 2 3 3 Côte d’Ivoire - - - - - - - - 50 97 63 69 36 4 4 4 4 4 5 Ethiopia 34 36 18 26 36 16 10 6 10 12 14 21 26 29 43 48 50 58 72 Gambia, The 4 2 2 3 3 5 6 7 1 1 1 1 2 2 2 2 2 2 2 Ghana 57 63 37 32 42 49 24 9 11 12 14 20 25 29 26 40 45 50 56 Guinea 19 11 11 14 16 19 18 22 37 32 48 49 37 4 4 5 5 5 5 Guinea-Bissau 5 1 0 1 2 2 2 2 3 3 3 0 1 1 1 2 2 2 2 Guyana 7 4 5 4 4 3 2 0 0 0 0 0 0 0 0 0 0 0 0 Haiti 10 4 - - 1 - 16 12 19 10 0 0 0 - - - - - - Honduras 57 46 45 45 41 92 9 3 3 3 4 7 9 10 13 25 33 38 47 Liberia - - - - - - - 55 4 4 2 4 0 0 0 0 0 0 0 Madagascar 28 17 17 21 27 29 18 6 8 9 10 12 15 17 22 26 29 32 35 Malawi 36 21 18 22 26 27 19 1 1 1 3 3 4 5 7 7 7 7 9 Mali 21 11 11 13 18 20 12 3 4 5 7 10 12 12 15 16 20 23 26 Mauritania 7 3 4 5 7 8 5 2 2 2 3 4 6 6 7 9 9 10 10 Mozambique 8 5 6 9 16 18 12 7 8 10 15 18 22 25 30 33 36 38 42 Nicaragua 12 7 2 3 6 7 4 2 3 3 4 3 7 7 9 10 11 12 13 Niger 16 8 6 8 8 7 4 2 2 2 2 3 5 6 7 8 9 10 10 Rwanda 12 3 2 4 6 6 2 2 2 2 2 4 6 7 8 9 9 9 9 São Tomé and Príncipe 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 Senegal 31 20 14 25 33 28 16 5 6 8 11 15 18 20 22 24 26 31 32 Sierra Leone 4 5 3 2 3 4 4 1 1 1 1 1 2 3 4 4 4 4 4 Tanzania 40 22 26 33 45 46 26 11 14 16 22 29 34 40 52 59 70 82 90 Togo - - - - - - - - 26 28 26 0 - 0.1 0.1 0.1 0.1 0.1 0.1 Uganda 26 23 28 35 42 46 25 5 8 10 13 19 25 28 33 35 36 44 51 Zambia 27 15 13 14 21 17 9 2 4 4 5 7 8 9 11 12 13 14 15 TOTAL 651 560 399 502 562 626 375 243 355 359 342 371 382 364 444 479 525 592 662 Sources: HIPC country documents, and World Bank staff estimates. 1/ From 2001 to 2011, information corresponds to debt service actually paid to the World Bank. Debt service projections from 2012 onwards are based on stocks as of end-December 2011. 2/ Debt Service before HIPC Initiative Debt Relief includes accumulated arrears for Central African Republic - USD 65.9 mil, Democratic Republic of Congo -USD 328.6 mil., Côte d’Ivoire -USD 256.9 mil., Haiti-USD 52.3 mil, Liberia - USD 366.9 mil., and Togo - USD 98.0 mil. 27 Table AIII7A. Implementation of the HIPC Initiative and MDRI by the IMF (In millions of SDRs; status as of end-August 2014) HIPC Initiative Assistance MDRI Debt Relief 2/ Total HIPC Amount Disbursed and MDRI Member Decision Completion MDRI Debt Relief Amount Committed into HIPC Umbrella Delivery date Point Point Trusts Delivered Account 1/ (A) (B) (A+B) 35 Completion Point HIPCs 2,406 2,578 2,308 4,886 Afghanistan Jul. 2007 Jan. 2010 -- -- -- 5/ -- -- Benin Jul. 2000 Mar. 2003 18 20 Jan. 2006 34 54 Bolivia Feb. 2000 Jun. 2001 62 3/ 65 Jan. 2006 155 220 Burkina Faso Jul. 2000 Apr. 2002 44 3/ 46 Jan. 2006 57 103 Burundi Aug. 2005 Jan. 2009 19 22 Jan. 2009 9 31 Cameroon Oct. 2000 Apr. 2006 29 34 Apr. 2006 149 183 Central African Republic Sep. 2007 Jun. 2009 17 18 Jul. 2009 2 20 Comoros Jul. 2010 Dec. 2012 3 3 -- 5/ - 3 Congo, Dem. Rep. of Jul. 2003 Jul. 2010 280 331 Jul. 2010 - 331 Congo, Rep. of Mar. 2006 Jan. 2010 5 6 Jan. 2010 5 11 Côte d'Ivoire Mar. 2009 Jun. 2012 43 3/ 26 4/ -- 5/ - 26 Ethiopia Nov. 2001 Apr. 2004 45 47 Jan. 2006 80 126 Gambia, The Dec. 2000 Dec. 2007 2 2 Dec. 2007 7 10 Ghana Feb. 2002 Jul. 2004 90 94 Jan. 2006 220 314 Guinea Dec. 2000 Sep. 2012 28 35 -- 5/ - 35 Guinea-Bissau Dec. 2000 Dec. 2010 9 9 Dec. 2011 0 9 Guyana Nov. 2000 Dec. 2003 57 3/ 60 Jan. 2006 32 91 Haiti Nov. 2006 Jun. 2009 2 2 -- 5/ 6/ -- 2 Honduras Jun. 2000 Apr. 2005 23 26 Jan. 2006 98 125 Liberia Mar. 2008 Jun. 2010 441 452 Jun. 2010 116 7/ 568 Madagascar Dec. 2000 Oct. 2004 15 16 Jan. 2006 128 145 Malawi Dec. 2000 Aug. 2006 33 37 Sep. 2006 15 52 Mali Sep. 2000 Mar. 2003 46 3/ 49 Jan. 2006 62 112 Mauritania Feb. 2000 Jun. 2002 35 38 Jun. 2006 30 69 Mozambique Apr. 2000 Sep. 2001 107 3/ 108 Jan. 2006 83 191 Nicaragua Dec. 2000 Jan. 2004 64 71 Jan. 2006 92 163 Niger Dec. 2000 Apr. 2004 31 34 Jan. 2006 60 94 Rwanda Dec. 2000 Apr. 2005 47 51 Jan. 2006 20 71 São Tomé and Príncipe Dec. 2000 Mar. 2007 1 1 Mar. 2007 1 2 Senegal Jun. 2000 Apr. 2004 34 38 Jan. 2006 95 133 Sierra Leone Mar. 2002 Dec. 2006 100 107 Dec. 2006 77 183 Tanzania Apr. 2000 Nov. 2001 89 96 Jan. 2006 207 303 Togo Nov. 2008 Dec. 2010 0.2 0.2 -- 5/ -- 0 Uganda Feb. 2000 May. 2000 120 3/ 122 Jan. 2006 76 198 Zambia Dec. 2000 Apr. 2005 469 508 Jan. 2006 398 907 1 Decision point HIPCs 14 9 9 Chad May. 2001 Floating 14 9 9 2 Non-HIPCs 126 126 Cambodia -- -- -- -- Jan. 2006 57 57 Tajikistan -- -- -- -- Jan. 2006 69 69 Total 2,421 2,586 2,434 5,021 Source: International Monetary Fund. 1/ Includes interest on amounts committed under the enhanced HIPC Initiative. 2/ Excludes remaining HIPC Initiative assistance delivered. 3/ Includes commitment under the original HIPC Initiative. 4/ Côte d'Ivoire reached its decision point under the original HIPC Initiative in 1998, but did not reach its completion point under the original HIPC Initiative. Debt relief of SDR 17 million, committed to Côte d'Ivoire under the original HIPC Initiative, was therefore not delivered. 5/Afghanistan, Comoros, Haiti, and Togo did not have MDRI-eligible credit and did not receive MDRI debt relief from the IMF. Côte d'Ivoire and Guinea had fully repaid MDRI-eligible debt by completion point date. 6/ Haiti received from the Post-Catastrophe Debt Relief Trust SDR 178 million on July 21, 2010. 7/ Liberia received MDRI-type (beyond-HIPC) debt relief at end-June 2010, which was financed from the Liberia Administered Account. Table AIII7B. IMF HIPC Initiative and MDRI Debt Relief, 1998–20131 (In millions of US dollars; status as of end-August 2014) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total Actual 1/ HIPC Initiative debt relief 2/ Afghanistan - - - - - - - - - - - - - - - - - Benin - - 2.4 4.7 4.8 6.0 5.1 2.3 2.9 - - - - - - - 28.2 Bolivia 5.5 10.7 9.7 8.6 10.4 9.7 18.8 14.4 9.0 - - - - - - - 96.7 Burkina Faso - - 2.9 6.0 6.0 14.3 17.1 14.6 7.5 - - - - - - - 68.3 Burundi - - - - - - - 0.1 0.1 0.1 0.1 32.9 - - - - 33.3 Cameroon - - 1.2 1.2 0.4 0.0 5.1 1.3 39.8 - - - - - - - 49.0 Central African Republic - - - - - - - - - - 5.5 22.7 - - - - 28.1 Chad - - - 1.8 2.8 4.0 1.2 2.0 0.0 0.0 0.0 0.0 0.0 - - - 11.9 Comoros - - - - - - - - - - - - - - 4.6 - 4.6 Congo, Dem. Rep. of - - - - - 0.8 1.7 1.7 0.9 0.0 0.0 22.5 467.6 - - - 495.2 Congo, Republic of - - - - - - - - - - 0.1 0.1 9.6 - - - 9.7 Cote d'Ivoire - - - - - - - - - - - 7.8 7.7 7.9 17.1 - 40.4 Ethiopia - - - 0.7 5.3 5.6 3.9 6.0 47.7 - - - - - - - 69.2 Gambia, The - - - 0.0 0.0 0.1 0.0 0.0 0.0 3.5 - - - - - - 3.6 Ghana - - - - 9.5 18.9 20.3 24.4 66.7 - - - - - - - 139.9 Guinea - - - 3.1 1.2 2.2 0.4 0.0 0.0 1.1 6.5 0.1 - - 38.9 - 53.6 Guinea Bissau - - - 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.6 - - - 14.3 Guyana - 7.7 8.5 10.4 7.2 9.3 13.8 11.3 19.8 - - - - - - - 88.0 Haiti - - - - - - - - 0.0 0.1 0.2 3.3 - - - - 3.6 Honduras - - - 1.3 4.6 0.0 5.7 13.4 13.6 - - - - - - - 38.5 28 Liberia - - - - - - - - - - 17.6 10.2 642.5 - - - 670.3 Madagascar - - - 0.9 1.9 4.1 1.7 2.6 12.9 - - - - - - - 24.1 Malawi - - - 2.9 0.0 2.5 4.2 3.8 41.3 - - - - - - - 54.8 Mali - - 0.7 6.7 8.9 11.3 14.0 12.4 18.6 - - - - - - - 72.5 Mauritania - - 5.0 7.9 10.4 11.0 8.4 4.9 6.6 - - - - - - - 54.2 Mozambique - 14.0 29.7 26.5 17.2 12.1 13.6 15.7 34.6 - - - - - - - 163.4 Nicaragua - - - - 0.9 2.6 9.0 24.0 71.7 - - - - - - - 108.1 Niger - - - 0.5 1.4 4.2 7.6 10.7 26.1 - - - - - - - 50.6 Rwanda - - - 8.6 4.3 0.0 4.7 8.1 47.9 - - - - - - - 73.6 São Tomé and Príncipe - - - - - - - - - 1.4 - - - - - - 1.4 Senegal - - 1.9 4.3 4.4 7.2 14.8 14.9 8.2 - - - - - - - 55.7 Sierra Leone - - - - 30.6 33.3 22.0 6.0 61.0 - - - - - - - 152.9 Tanzania - - 15.4 19.4 20.9 17.1 16.2 10.9 39.8 - - - - - - - 139.8 Togo - - - - - - - - - - 0.0 0.1 0.2 - - - 0.3 Uganda 8.2 15.5 27.6 26.6 22.1 23.1 25.0 17.2 17.5 - - - - - - - 182.8 Zambia - - - 170.4 155.1 165.5 2.4 229.0 6.1 - - - - - - - 728.4 TOTAL 13.7 47.9 105.0 313.1 330.3 364.9 236.8 451.7 600.2 6.2 30.0 99.7 1,141.3 7.9 60.5 - 3,809.2 Table AIII7B. IMF HIPC Initiative and MDRI Debt Relief, 1998–2013 (concluded) (In millions of US dollars; status as of end-August 2014) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total Actual 1/ MDRI debt relief Afghanistan - - - - - - - - - - - - - - - - - Benin - - - - - - - - 49.3 - - - - - - - 49.3 Bolivia - - - - - - - - 223.7 - - - - - - - 223.7 Burkina Faso - - - - - - - - 82.4 - - - - - - - 82.4 Burundi - - - - - - - - - - - 13.4 - - - - 13.4 Cameroon - - - - - - - - 219.4 - - - - - - - 219.4 Central African Republic - - - - - - - - - - - 2.9 - - - - 2.9 Chad - - - - - - - - - - - - - - - - - Comoros - - - - - - - - - - - - - - - - - Congo, Dem. Rep. of - - - - - - - - - - - - - - - - - Congo, Republic of - - - - - - - - - - - - 7.5 - - - 7.5 Côte d’Ivoire - - - - - - - - - - - - - - - - - Ethiopia - - - - - - - - 115.1 - - - - - - - 115.1 Gambia, The - - - - - - - - - 11.6 - - - - - - 11.6 Ghana - - - - - - - - 317.9 - - - - - - - 317.9 Guinea - - - - - - - - - - - - - - - - - Guinea Bissau - - - - - - - - - - - - - - - - - Guyana - - - - - - - - 45.6 - - - - - - - 45.6 Haiti 3/ - - - - - - - - - - - - - - - - - Honduras - - - - - - - - 141.9 - - - - - - - 141.9 Liberia 4/ - - - - - - - - - - - - 171.9 - - - 171.9 Madagascar - - - - - - - - 185.6 - - - - - - - 185.6 Malawi - - - - - - - - 21.6 - - - - - - - 21.6 Mali - - - - - - - - 90.2 - - - - - - - 90.2 Mauritania - - - - - - - - 44.5 - - - - - - - 44.5 Mozambique - - - - - - - - 120.0 - - - - - - - 120.0 29 Nicaragua - - - - - - - - 132.6 - - - - - - - 132.6 Niger - - - - - - - - 86.4 - - - - - - - 86.4 Rwanda - - - - - - - - 29.1 - - - - - - - 29.1 São Tomé and Príncipe - - - - - - - - - 1.6 - - - - - - 1.6 Senegal - - - - - - - - 136.9 - - - - - - - 136.9 Sierra Leone - - - - - - - - 115.2 - - - - - - - 115.2 Tanzania - - - - - - - - 299.0 - - - - - - - 299.0 Togo - - - - - - - - - - - - - - - - - Uganda - - - - - - - - 109.6 - - - - - - - 109.6 Zambia - - - - - - - - 575.7 - - - - - - - 575.7 - - - To non-HIPCs - - - Cambodia - - - - - - - - 82.1 - - - - - - - 82.1 Tajikistan - - - - - - - - 100.1 - - - - - - - 100.1 - - - - TOTAL - - - - - - - - 3,324.0 13.2 - 16.4 179.3 - - - 3,532.9 Source: International Monetary Fund. 1/ The figures in this table were converted from SDR amounts using annual average US$/SDR exchange rates for the HIPC disbursements and the exchange rate on the date of delivery of final debt relief disbursement. 2/ Includes also interest earned both on the commitment amount in PRG-HIPC Trust and on the amount in HIPC Umbrella Account. 3/ Haiti also received from the Post-Catastrophe Debt Relief Trust SDR 178 million on July 21, 2010. 4/ Liberia received MDRI-type (beyond-HIPC) debt relief of SDR 116.2 million at end-June 2010 financed from the Liberia Administered Account; equivalent to US$171.9 million on June 30, 2010. 30 Table AIII8A. Status of Delivery of HIPC Initiative and MDRI Assistance by the African Development Bank (AfDB) Group (In millions of U.S. dollars; status as of end-August 2014) Assistance under the MDRI Total Committed Total Delivered AfDB Group Assistance under the HIPC Initiative (AfDF only) Assistance Assistance under the HIPC under the HIPC Committed Committed Delivered Delivered Delivered Initiative and Initiative and Assistance in Assistance in Assistance in Assistance in Assistance in MDRI in end- MDRI in end- PV Terms as of end-2013 PV end-2013 PV Nominal end-2013 PV 2013 PV Terms 2013 PV Terms Decision Point Terms Terms 1/ Terms 2/ Terms (I) (II) (III) (IV) (V) (II) + (V) (III) + (V) 29 Post-Completion-Point HIPCs 3/ TOTAL 3,744.0 4,936.5 3,654.3 7,741.3 5,472.1 10,408.6 9,126.4 Benin 37.6 52.6 51.0 374.0 278.9 331.4 329.8 Burkina Faso 81.9 114.5 83.5 355.5 246.5 361.0 330.0 Burundi 150.2 184.6 59.2 23.7 13.7 198.4 72.9 Cameroon 78.8 110.3 107.4 227.6 156.1 266.4 263.5 Central African Republic 84.7 101.5 24.6 102.6 76.7 178.2 101.3 Côte d’Ivoire 4/ 204.5 232.7 217.0 282.9 183.7 416.5 400.7 Congo, Dem. Rep. of 1,009.7 1,307.3 1,129.5 150.5 99.9 1,407.3 1,229.5 Congo, Republic of 4/ 40.0 49.2 49.2 9.5 7.9 57.1 57.1 Comoros 34.4 38.2 38.2 31.9 24.8 63.0 63.0 Ethiopia 331.2 451.6 305.5 769.2 523.5 975.1 829.0 Gambia, The 15.8 22.1 21.3 163.2 119.6 141.7 140.9 Ghana 131.2 178.8 165.6 497.4 359.3 538.1 524.9 Guinea 94.4 132.0 56.3 150.7 95.6 227.6 151.9 Guinea-Bissau 72.4 103.9 50.1 55.1 35.6 139.5 85.7 Liberia 4/ 237.2 269.9 269.9 18.6 15.2 285.1 285.1 Madagascar 60.1 84.0 79.3 379.0 275.3 359.3 354.7 Malawi 119.5 167.1 93.0 290.1 195.2 362.3 288.2 Mali 69.1 96.7 92.0 581.1 435.9 532.5 527.8 Mauritania 72.8 101.8 96.4 267.2 195.6 297.5 292.0 Mozambique 149.5 209.2 30.5 556.7 391.8 601.0 422.3 Niger 47.9 67.1 37.4 199.0 135.3 202.3 172.7 Rwanda 108.5 151.8 78.9 114.7 79.2 231.0 158.1 São Tomé and Príncipe 40.8 57.1 25.4 37.3 24.4 81.4 49.8 Senegal 56.9 79.6 75.5 420.7 311.4 391.0 386.9 Sierra Leone 43.4 57.7 31.5 151.0 102.3 160.0 133.8 Tanzania 124.9 174.7 135.2 625.6 438.3 613.0 573.5 Togo 4/ 17.9 20.4 20.4 123.5 91.9 112.3 112.3 Uganda 82.6 115.6 77.8 535.5 386.1 501.6 463.9 Zambia 146.1 204.4 152.7 247.6 172.5 376.9 325.3 1 Interim HIPCs 3/ TOTAL 37.0 50.4 19.3 ... 50.4 19.3 Chad 37.0 50.4 19.3 ... 50.4 19.3 Total Debt Relief Committed 3,781.0 4,986.9 3,673.6 7,741.3 5,472.1 10,459.0 9,145.7 Sources: African Development Bank Group, World Bank and IMF staff estimates. 1/ Total delivered enhanced HIPC assistance to end 2013. 2/ Nominal MDRI costs include principal and interest foregone. 3/ Includes only HIPCs that owe debt to AfDB Group. 4/ The total amount of HIPC Initiative debt relief has been provided through an arrears clearance operation in Congo, Rep. of in 2004; Côte d’Ivoire in 2009; Liberia in 2007; Togo in 2008. 31 Table AIII8B. AfDB Group Debt Service after HIPC and MDRI Debt Relief, 2000–18 (In millions of U.S. dollars) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Actuals Projected Debt service before HIPC Initiative Debt Relief Benin 5 4 8 7 9 9 12 6 6 10 14 15 16 16 17 17 17 17 17 Burkina Faso 8 4 10 9 9 8 11 6 7 8 10 10 11 11 13 14 15 15 16 Burundi 0 - - 3 29 18 6 7 7 1 1 1 1 1 1 1 1 1 1 Central African Republic - - 0 - - - - 49 5 3 2 2 2 1 1 1 1 1 5 Cameroon 47 25 63 41 40 38 38 28 28 29 16 29 12 12 11 11 11 11 13 Chad 3 1 7 6 3 10 7 9 9 11 12 12 13 13 13 13 24 25 27 Comoros - - - - - 1 0.2 22 8 6 1 1 5 2 2 2 2 2 2 Congo, Democratic Republic of - - 65 73 42 118 121 128 142 156 153 184 174 162 161 162 161 139 133 Congo, Republic of 1/ 7 - 0 33 148 55 27 19 13 13 0 11 11 10 10 1 1 1 1 Côte d'Ivoire 0 46 197 0 1 - - 58 102 598 44 36 29 11 11 6 6 6 6 Ethiopia 45 34 46 46 49 49 50 33 33 23 22 28 25 24 22 23 24 26 26 Gambia, The 3 3 3 3 4 4 4 5 4 3 4 4 4 5 7 7 8 8 8 Ghana 31 16 37 29 30 32 40 24 24 15 14 19 16 25 26 26 26 26 27 Guinea 24 18 26 22 53 18 18 18 17 18 17 19 14 5 4 4 4 5 5 Guinea-Bissau - 4 4 4 4 4 4 4 4 5 6 1 1 1 1 1 1 1 1 Madagascar 13 10 14 12 10 9 13 7 7 9 10 13 9 13 17 17 17 17 18 Malawi 10 7 10 11 12 12 12 6 7 7 7 8 6 6 6 6 6 6 7 Mali 7 6 14 9 13 14 20 9 10 12 16 24 25 29 26 26 27 28 30 Mauritania 12 8 12 12 12 13 18 14 13 14 14 19 24 10 10 10 10 11 11 Mozambique 3 6 7 7 8 7 13 8 9 11 13 26 20 23 22 23 23 26 27 Niger 1 2 3 3 5 5 10 4 4 5 4 4 5 5 6 6 6 6 6 Liberia - - - - - 0 0 149 98 12 3 3 3 3 3 2 1 1 1 Rwanda 6 4 8 7 8 9 11 4 4 5 5 5 6 6 6 6 6 6 6 São Tomé and Príncipe 1 1 2 2 2 2 2 3 1 1 1 1 1 1 1 1 1 1 1 Senegal 25 14 31 24 26 26 29 25 26 28 29 36 17 17 17 18 19 19 19 Sierra Leone 2 2 3 4 5 5 6 5 2 3 3 3 3 4 4 4 4 4 4 Tanzania 11 8 12 15 16 16 21 11 13 15 16 18 20 22 20 22 22 27 40 Togo 0 1 - - - - - - 22 4 4 4 5 5 5 5 5 5 5 Uganda 7 5 9 10 12 12 19 9 9 11 12 19 21 25 25 26 26 26 28 Zambia 31 24 24 26 27 26 28 17 12 11 10 10 9 9 8 8 8 9 9 TOTAL 302 251 616 418 578 521 541 684 648 1,047 463 563 507 478 475 470 483 476 502 Debt service after HIPC Initiative debt relief 2/ Benin 3 - 3 2 3 4 6 0 1 7 14 15 16 16 17 17 17 17 17 Burkina Faso 4 - 3 2 3 3 6 0 1 2 4 4 5 5 6 8 9 9 10 Burundi 0 - - 3 29 15 0 0 1 - - - - - - - - - - Central African Republic - - 0 - - - - 49 1 - - - - - - - - - 0 Cameroon 44 13 52 35 40 38 27 10 13 15 10 27 12 12 11 11 11 11 13 Chad 3 - 3 2 - 7 7 9 9 11 12 12 13 13 13 13 24 25 27 Comoros - - - - - 1 0 22 8 - 1 1 5 2 2 2 2 2 2 Congo, Democratic Republic of - - 65 72 - 19 10 13 24 36 31 61 50 38 38 41 41 29 32 Congo, Republic of 1/ 7 - 0 33 106 55 27 19 13 13 0 11 11 10 10 1 1 1 1 Côte d'Ivoire 0 46 197 0 1 - - 58 102 399 44 36 29 11 11 6 6 6 6 Ethiopia 45 34 15 16 19 20 21 5 6 3 2 8 5 3 2 3 3 5 6 Gambia, The 3 0 1 1 4 4 4 5 2 0 1 1 1 4 7 7 8 8 8 Ghana 31 16 19 8 10 13 22 8 8 4 7 12 9 23 26 26 26 26 27 Guinea 24 7 15 12 53 18 18 18 6 18 17 19 14 - - - - - - Guinea-Bissau - - - 0 1 1 1 3 1 - - - - - - - - - - Madagascar 13 1 5 5 10 4 7 1 1 2 3 6 2 10 17 17 17 17 18 Malawi 10 - 3 4 5 12 12 - - - - - - - - - - - - Mali 5 - 5 1 5 6 11 0 1 2 9 24 25 29 26 26 27 28 30 Mauritania 5 - 3 3 4 5 10 6 5 6 6 16 24 10 10 10 10 11 11 Mozambique 2 4 5 5 5 4 11 5 6 7 10 26 20 23 22 23 23 26 27 Niger 1 - 1 1 2 2 7 0 0 1 1 1 1 1 2 2 2 2 2 Liberia - - - - - 0 0 - 98 12 3 3 3 3 3 2 1 1 1 Rwanda 6 - 2 2 3 5 4 - - - - - - - - - - - - São Tomé and Príncipe 1 - 1 0 1 1 1 1 - - - - - - - - - - - Senegal 20 6 23 20 11 8 20 25 26 28 29 36 17 17 17 18 19 19 19 Sierra Leone 2 2 2 1 2 2 3 2 - - - - - 0 0 0 0 0 1 Tanzania 6 - 4 5 6 7 11 1 2 4 5 6 8 9 7 9 9 18 40 Togo 0 1 - - - - - - 5 4 4 4 5 5 5 5 5 5 5 Uganda 3 - 3 4 5 5 12 1 3 4 5 12 18 25 25 26 26 26 28 Zambia 31 2 5 7 27 17 10 3 3 2 2 4 2 3 2 2 2 3 3 TOTAL 271 130 437 243 356 274 269 265 346 582 221 344 295 272 277 273 288 295 336 32 Table AIII8B. AfDB Group Debt Service after HIPC and MDRI Debt Relief, 2000–18 (concluded) (In millions of U.S. dollars) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Actuals Projected Debt service after HIPC Initiative debt relief and MDRI Benin 3 - 3 2 3 4 4 - - 1 4 4 5 5 5 5 5 5 5 Burkina Faso 4 - 3 2 3 3 4 - - - - - - - - 1 2 3 3 Burundi 0 - - 3 29 15 0 0 1 - - - - - - - - - - Central African Republic - - 0 - - - - 49 1 - - - - - - - - - - Cameroon 44 13 52 35 40 38 26 8 11 13 8 23 7 8 6 6 6 6 8 Chad 3 - 3 2 - 7 7 9 9 11 12 12 13 13 13 13 13 13 14 Comoros - - - - - 1 0 22 8 - 1 1 5 0 - - - - - Congo, Democratic Republic of - - 65 72 - 19 10 13 24 36 30 58 48 36 35 38 39 26 30 Congo, Republic of 1/ 7 - 0 33 106 55 27 19 13 13 - 11 10 10 9 0 0 0 0 Côte d'Ivoire 0 46 197 0 1 - - 58 102 399 44 36 26 5 5 0 0 0 0 Ethiopia 45 34 15 16 19 20 15 - - - - - - - - - - - - Gambia, The 3 0 1 1 4 4 4 5 - - - - - - 2 2 2 2 2 Ghana 31 16 19 8 10 13 16 1 1 - - 4 1 8 11 11 12 12 13 Guinea 24 7 15 12 53 18 18 18 6 18 17 19 14 - - - - - - Guinea-Bissau - - - 0 1 1 1 3 1 - - - - - - - - - - Madagascar 13 1 5 5 10 4 4 - - - - 1 - 1 4 5 5 5 5 Malawi 10 - 3 4 5 12 12 - - - - - - - - - - - - Mali 5 - 5 1 5 6 7 - - - - 6 7 10 7 7 9 9 10 Mauritania 5 - 3 3 4 5 9 4 3 3 3 9 16 2 2 2 2 2 2 Mozambique 2 4 5 5 5 4 7 0 1 2 3 14 9 11 10 10 10 11 11 Niger 1 - 1 1 2 2 5 - - - - - - - - - - - - Liberia - - - - - 0 0 - 98 12 2 2 2 2 2 1 0 0 0 Rwanda 6 - 2 2 3 5 2 - - - - - - - - - - - - São Tomé and Príncipe 1 - 1 0 1 1 1 1 - - - - - - - - - - - Senegal 20 6 23 20 11 8 16 17 17 19 19 25 5 6 6 7 7 7 7 Sierra Leone 2 2 2 1 2 2 2 - - - - - - - - - - - - Tanzania 6 - 4 5 6 7 7 - - - - - 0 1 - 0 1 6 17 Togo 0 1 - - - - - - 5 4 4 0 1 0 0 0 0 0 0 Uganda 3 - 3 4 5 5 8 - - - - 6 6 10 9 10 10 10 11 Zambia 31 2 5 7 27 17 8 0 - - - - - - - - - - - TOTAL 271 130 437 243 356 274 221 228 302 530 148 232 174 128 125 118 122 119 140 Sources: African Development Bank Group. 1/ The total amount of HIPC Initiative debt relief has been provided through arrears clearance operation. 2/ Debt service after HIPC for interim HIPC countries assumes that interim debt relief is provided according to the schedule determined at decision point. Table AIII9. Status of Delivery of HIPC and IaDB Initiatives Assistance by the Inter-American Development Bank (IaDB) (In millions of U.S. dollars; status as of end-August 2014) Total IaDB 2007 Debt Initiative IaDB Assistance under the HIPC Initiative Committed Total Delivered (MDRI equivalent) Assistance Assistance Committed under the HIPC under the HIPC Committed Delivered Delivered Delivered Assistance in Initiative and Initiative and Assistance Assistance in Assistance Assistance PV Terms as 2007 Initiative 2007 Initiative in end-2013 end-2013 PV in Nominal in end-2013 of Decision in end-2013 PV in end-2013 PV PV Terms Terms 1/ Terms 2/ PV Terms Point Terms Terms (I) (II) (III) (IV) (V) (II) + (IV) (III) + (V) 5 Post-Completion-Point HIPCs 3/ TOTAL 1,183.0 1,642.9 1,138.7 4,369.0 3,514.9 5,157.8 4,653.6 Bolivia 477.1 667.5 343.5 1,050.2 823.7 1,491.2 1,167.2 Haiti 60.4 72.3 61.1 492.3 419.0 491.3 480.0 Honduras 133.8 187.2 194.4 1,367.1 1,143.8 1,331.0 1,338.2 Guyana 120.5 168.6 93.5 469.9 383.9 552.5 477.4 Nicaragua 391.2 547.4 446.2 989.5 744.5 1,291.8 1,190.7 Total Debt Relief Committed 1,183.0 1,642.9 1,138.7 4,369.0 3,514.9 5,157.8 4,653.6 33 Sources: Inter-American Development Bank, World Bank and IMF staff estimates. 1/ Total delivered enhanced HIPC assistance to end 2013. 2/ Nominal IaDB-07 Initiative costs include principal and interest foregone. 3/ Includes only HIPCs that owe debt to IaDB. 34 Table AIII10. Status of Donor Contributions to the Debt Relief Trust Fund (In millions of U.S. dollars, status as of end-August 2014) Resources Accumulated Resources Allocated for Bilateral Donors Available Balance /7 Contributed /1 Investment Income Debt Relief Grants Australia 13 2 (15) 0 Austria /1 75 5 (77) 3 Belgium /1/2 59 3 (58) 4 Canada /2/4 195 49 (203) 41 Denmark 72 0 (60) 13 EU 953 70 (1,022) 0 Finland /2/3 98 16 (81) 33 France /2/3/4 59 10 (50) 19 Germany /1/2/3/4/6 195 20 (212) 3 Greece 5 2 (6) 2 Iceland 3 0 (3) 0 Ireland /2/3 27 7 (29) 5 Italy /2/3 99 7 (94) 11 Japan /2/3 258 51 (228) 81 Korea 10 1 (10) 2 Luxembourg 1 0 (1) 0 Netherlands /1/2/3 426 25 (422) 29 New Zealand 2 0 (2) 0 Norway /1 340 48 (339) 49 Portugal 15 1 (16) 0 Russia 25 6 (22) 8 Spain /2 125 6 (118) 13 Sweden /2/3 105 22 (111) 15 Switzerland /2/3 100 25 (105) 19 United Kingdom /3/5 423 5 (428) 0 United States /6 675 15 (687) 2 Sub-Total 4,357 395 (4,399) 353 Multilateral Donors IBRD 2,330 202 (2,532) 0 NDF 33 5 (38) 1 BOAD 1 0 (2) 0 Sub-Total 2,365 207 (2,571) 1 TOTAL /4 6,722 602 (6,970) 354 1/ Includes contributions earmarked for IDA under IDA 14th, 15th and 16th Replenishments. IDA Replenishment contributions that have not been converted into U.S. dollars are reported at the market rates of exchange prevailing at the end of the reporting period. 2/ Includes investment income allocations made towards IDA for debt relief to Haiti. 3/ Includes investment income allocations made towards IDA for debt relief to the Palestinian Authority. 4/ Includes investment income allocations made towards IFAD for debt relief to Haiti. 5/ Includes the allocation in the amount of US$ 43 million towards IMF for debt relief to Uganda. 6/ Does not include pledges that have not been paid-in. 7/ The total available balance does not include an amount of approximately US$ 2 million of investment income Table AIII11. HIPC Initiative: Cost Estimates to Paris Club Official Bilateral Creditors by Creditor Country1/ (In millions of U.S. dollars, in end-2013 PV terms) United Kingdom United States administered Luxembourg South Africa Netherlands Switzerland EEC Loans Trinidad & Australia Denmark Germany Belgium Portugal Finland Norway Sweden Tobago Canada Austria Ireland France Russia Brazil Japan Spain Israel IDA- Italy Total 36 Post-Decision-Point HIPCs 1/ 1/ 2/ 1/ 1/ 1/ 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 22 Afghanistan - - - - - - - - 8 - - - - - - - - 443 - - - - - - 42 - 493 Benin - - 1 - 0 - - 37 2 - - 14 12 - 5 14 - 2 - - - - - 2 0 - 89 Bolivia - 14 31 - 2 1 - 26 137 - - 29 204 - 12 - - - - 62 1 - - 13 32 - 564 Burkina Faso - 2 - - - - - 15 - - - 4 - - 3 - - 1 - 6 - - - 1 - - 32 Burundi - 4 0 - - 0 - 70 0 - - 0 31 - 0 - - 3 - - - - - 0 - - 108 Central African Republic - 3 - - - - - 8 3 - - 4 2 - - 0 - 1 - - - 12 - 1 6 0 39 Cameroon - 101 47 - 48 22 0 586 202 - - 49 13 - 10 - - - - 34 18 12 - 50 18 - 1,211 Chad - 0 - - - - - 15 0 - - 2 - - 0 - - 0 - 2 - - - - - - 20 Comoros - - - - - - - 8 - - - 0 - 0 - - - - - - - - - - - 0 9 Congo, Dem. Rep. of - 47 635 2 27 - - 1,077 459 - - 543 634 - 215 12 - - - 17 73 11 - 107 1,411 3 5,274 Congo, Republic of - - 14 40 14 0 - 660 51 0 - 57 - 0 0 - - 40 - 71 - 4 - 63 15 - 1,028 Côte d'Ivoire - 13 30 4 39 - - 1,056 94 - - 19 44 - 40 8 - - - 67 - 3 - 23 85 - 1,525 Ethiopia 4 4 1 - 0 - 1 3 37 - - 84 11 - 1 - - 468 - 10 14 - - 7 45 - 689 Gambia, The - 3 - - - - - 2 - - - - - - 1 1 - - - - - - - - - - 7 Ghana - 19 1 - 14 - 5 69 86 - - 23 673 - 60 - - - - 33 21 - - 98 26 - 1,128 Guinea - 2 2 2 - - - 124 1 - - 13 46 - - 5 - 29 - 4 - - - 1 33 0.4 263 Guinea-Bissau - - 4 9 - - - 7 2 - - 100 - - - - - 14 - 9 - - - - - - 144 Guyana - - - - 1 1 - 1 9 - - - 1 - 6 - - 3 - - - - 153 65 16 - 257 Haiti - - - - 0 - - 8 - - - 4 - - - - - - - 2 - - - - 2 0 18 Honduras - - - - 2 2 - 7 10 - - 21 131 - 3 0 - - - 42 - 1 - - 17 - 236 Liberia - - 42 - - 29 1 200 217 - - 65 84 - 36 14 - - - - 10 3 - 16 258 1 977 Madagascar - 11 10 - 9 - - 129 25 - 0 42 194 - - - - 72 - 36 4 2 - 9 7 - 548 Malawi - 10 - - - - - 6 0 - - - 162 - - - - - - 4 - - - 16 - 1 198 Mali - - - - - - - 90 - - - 0 37 - 1 - - 28 - - - - - 3 0 - 159 Mauritania - 29 - 11 - - - 73 2 - - 0 41 - 14 - - - - 17 - - - 4 2 - 192 35 Mozambique - 10 - 125 - - - 280 119 - - 265 81 - - - 241 219 - 30 5 - - 77 27 - 1,479 Nicaragua 1 1 - 43 - - 8 47 309 - 1 57 144 - 25 - - 351 - 191 - - - 1 37 - 1,217 Niger - - - - - - - 107 - - - - 20 - - - - - - 8 - - - 9 5 - 150 Rwanda - 3 - - 3 - - 30 - - - - 13 - - - - - - - - - - - 1 - 48 São Tomé and Príncipe - - 1 - - - - 4 5 - - 6 - - - - - 1 - 3 - - - - - - 20 Senegal - - 2 - 1 5 - 70 21 - - 21 28 - 3 6 - - - 13 0 - - 0 6 - 176 Sierra Leone - 0 11 - - 0 - 18 10 0 - 41 96 0 20 7 - - - - - 11 - 9 47 - 269 Tanzania - 16 73 99 22 - - 77 46 - - 92 449 - 48 5 - 83 - 7 - - - 89 8 - 1,114 Togo - 4 18 - - - - 32 6 - - 1 16 - 4 - - - - 6 1 19 - 6 - 0 115 Uganda - 16 - - - - 2 16 1 - 6 48 36 - - 0 - - - 29 - - - 10 0 - 166 Zambia - 5 - 34 35 - - 97 276 - - 49 698 - 0 - - 64 - - - - - 148 119 2 1,525 Total 6 316 924 367 217 60 18 5,056 2,138 0 8 1,653 3,900 0 509 73 241 1,819 - 705 147 77 153 830 2,268 8 21,490 Sources: HIPC country documents, World Bank and IMF staff estimates. 1/ Creditor invited on a case-by-case basis to participate in some Paris Club agreements. 2/ Not a Paris Club member. In some cases, IDA-administered European Economic Commission (EEC) loans (which are treated as Paris Club debt) are apportioned among EEC members. Amounts listed for Luxembourg correspond to its portion of such EEC loans. 36 Table AIII12. Debt Relief Committed and Delivered by Paris Club Official Bilateral Creditors (In millions of U.S. dollars, in end-2013 PV terms) Debt-Relief- HIPC Initiative HIPC Initiative Debt Relief Total Debt Provided to Debt- Debtor Country Assistance Assistance Beyond HIPC Relief Relief- Committed Provided Initiative Provided Provided Committed (In percent) 35 Post-Completion-Point HIPCs TOTAL 21,470.2 21,470.2 17,511.9 38,982.1 181.6 Afghanistan 493.3 493.3 645.2 1,138.5 230.8 Benin 89.1 89.1 0.0 89.1 100.0 Bolivia 563.8 563.8 0.0 563.8 100.0 Burkina Faso 32.2 32.2 25.3 57.4 178.6 Burundi 108.5 108.5 5.4 113.9 104.9 Cameroon 1,211.1 1,211.1 3,769.5 4,980.6 411.2 Central African Republic 39.1 39.1 7.2 46.3 118.3 Congo, Democratic Republic of 5,274.1 5,274.1 1,418.8 6,693.0 126.9 Congo, Republic of 1,027.2 1,027.2 1,543.9 2,571.2 250.3 Comoros 9.0 9.0 0.5 9.5 105.7 Côte d’Ivoire 1,524.9 1,524.9 4,925.0 6,449.9 423.0 Ethiopia 689.5 689.5 230.8 920.3 133.5 Gambia, The 6.7 6.7 0.0 6.7 100.0 Guinea 263.6 263.6 310.1 573.7 217.6 Guinea Bissau 144.4 144.4 29.6 173.9 120.5 Ghana 1,128.2 1,128.2 684.0 1,812.2 160.6 Guyana 257.1 257.1 42.7 299.8 116.6 Haiti 17.9 17.9 79.2 97.1 543.2 Honduras 235.9 235.9 1,071.4 1,307.4 554.1 Liberia 976.9 976.9 117.1 1,094.0 112.0 Madagascar 548.2 548.2 668.3 1,216.6 221.9 Malawi 197.6 197.6 261.4 458.9 232.3 Mali 159.2 159.2 0.0 159.2 100.0 Mauritania 192.0 192.0 23.6 215.6 112.3 Mozambique 1/ 1,479.0 1,479.0 0.0 1,479.0 100.0 Nicaragua 1,216.9 1,216.9 182.9 1,399.8 115.0 Niger 150.0 150.0 61.6 211.5 141.0 Rwanda 48.4 48.4 9.6 58.0 119.9 São Tomé and Príncipe 20.2 20.2 0.7 20.9 103.5 Senegal 176.5 176.5 431.3 607.8 344.4 Sierra Leone 269.4 269.4 26.4 295.8 109.8 Tanzania 1,114.1 1,114.1 0.0 1,114.1 100.0 Togo 115.1 115.1 448.0 563.0 489.4 Uganda 165.9 165.9 0.0 165.9 100.0 Zambia 1,525.2 1,525.2 492.4 2,017.6 132.3 1 Interim HIPCs TOTAL 2 / 19.9 … ... ... ... Chad 19.9 ... ... ... ... TOTAL 21,490 ... ... ... ... Sources: HIPC country documents, HIPC country authorities; and IMF staff estimates.  1/ Agreements with Portugal and Japan are still pending. 2/ No information is available regarding the provision of interim debt relief to these countries by the Paris Club creditors. 37 Table AIII13. Paris Club Official Bilateral Creditors' Delivery of Debt Relief under Bilateral Initiatives beyond the HIPC Initiative1/ Countries Covered ODA (In percent) Non-ODA (In percent) Provision of Relief Pre-cutoff Post-cutoff Pre-cutoff Post-cutoff Date Debt Date Debt Date Debt Date Debt Decision Point Completion Point (In percent) (1) (2) (3) (4) (5) (6) (7) Australia HIPCs 100 100 100 100 2/ 2/ 2/ Austria HIPCs 100 - 100 - Case-by-case, flow Stock Belgium HIPCs 100 100 3/ 100 - 100 flow Stock Canada HIPCs 100 100 100 100 100 flow Stock Denmark HIPCs 100 100 4/ 100 100 4/ 100 flow Stock France HIPCs 100 100 100 - 100 flow 5/ Stock Finland HIPCs 100 - 6/ 100 - 6/ - - Germany HIPCs 100 100 100 100 7/ 100 flow Stock Ireland - - - - - - - Italy HIPCs 100 100 8/ 100 100 8/ 100 flow Stock Japan HIPCs 100 100 100 - - Stock Netherlands, the HIPCs 100 9/ 100 100 - 90-100 flow Stock Norway HIPCs 10/ 10/ 11/ 11/ - - Russia HIPCS - 12/ - 12/ 100 19/ 100 19/20/ - Stock Spain HIPCs 100 100 13/ 100 100 13/ - Stock Sweden HIPCs - - 14/ 100 - - Stock Switzerland HIPCs - 15/ - 15/ 100 16/ - 100 flow 16/ Stock United Kingdom HIPCs 100 100 100 100 17/ 100 flow 17/ Stock United States 18/ HIPCs 100 100 100 100 100 flow Stock Source: Paris Club Secretariat. 1/ Columns (1) to (7) describe the additional debt relief provided following a specific methodology under bilateral initiatives and need to be read as a whole for each creditor. In column (1), "HIPCs" stands for eligible countries effectively qualifying for the HIPC process. A "100 percent" mention in the table indicates that the debt relief provided under the enhanced HIPC Initiative framework will be topped up to 100 percent through a bilateral initiative. 2/ Australia: Australia cancelled all HIPC claims. 3/ Belgium: cancellation at completion point 100 percent of ODA loans contracted before December 31, 2000. 4/ Denmark provides 100 percent cancellation of ODA loans and non-ODA credits contracted and disbursed before September 27, 1999. 5/ France: cancellation of 100 percent of debt service on pre-cutoff date commercial claims on the government as they fall due starting at decision point. Once countries have reached completion point, debt relief on ODA claims on the government will go to a special account and will be used for specific development projects. 6/ Finland: no post-Cutoff date claims 7/ If not treated in the Agreed Minutes at Completion Point, debt cancellation of 100 % only on a case by case basis. 8/ Italy: cancellation of 100 percent of all debts (pre- and post-cutoff date, ODA and non-ODA) incurred before June 20,1999 (the Cologne Summit). At decision point, cancellation of accrued arrears and maturities falling due in the interim period. At completion point, cancellation of the stock of remaining debt. 9/ The Netherlands: 100 percent ODA (pre- and post-cutoff date debt will be cancelled at decision point); for non-ODA: in some particular cases (Benin, Bolivia, Burkina Faso, Ethiopia, Ghana, Mali, Mozambique, Nicaragua, Rwanda, Tanzania, Uganda and Zambia), the Netherlands will write off 100 percent of the consolidated amounts on the flow at decision point; all other HIPCs will receive interim relief up to 90 percent reduction of the consolidated amounts. At completion point, all HIPCs will receive 100 per cent cancellation of the remaining stock of the pre-cutoff date debt. 10/ Norway has cancelled all ODA claims. 11/ Due to the current World Bank/IMF methodology for recalculating debt reduction needs at HIPC completion point, Norway has postponed the decisions on whether or not to grant 100% debt reduction until after HIPCs' completion point. 12/ Russia has no ODA claims 13/ Spain provides 100 percent cancellation of ODA and non-ODA claims contracted before January 1, 2004 14/ Sweden has no ODA claims. 15/ Switzerland has cancelled all ODA claims. 16/ Switzerland usually writes off 100 percent of government-owned claims of the remaining debt stock at Completion Point and provides at least full HIPC debt relief of claims held by the ECA (100% cancellation of all remaining claims with the exception of Honduras and Cameroon). 17/ United Kingdom: "beyond 100 percent" full write-off of all debts of HIPCs as of their decision points, and reimbursement at decision point of any debt service paid before the decision point. 18/ United States: cancellation of 100 percent of all debts (pre- and post-cutoff date, ODA and non-ODA) incurred before June 20, 1999 (the Cologne Summit). At decision point, cancellation of accrued arrears and maturities falling due in the interim period. At completion point, cancellation of the stock of remaining eligible debt. 19/ 100% debt relief provides for countries reached Completion Point before December 31, 2006 as of December 21, 2006 and for countries reached Completion Point after December 31, 2006 as of date of Completion Point. No payments are expected from debtors from those dates. 20/ Exception is short term debt category Table AIII14. HIPC Initiative: Cost Estimates to Non-Paris Club Official Bilateral Creditors by Creditor Country1/ (In millions of U.S. dollars, in end-2013 PV terms) Non-Paris Club Official Bilateral Creditors & Montenegro Former Serbia Congo, Dem. Cote d'Ivoire Cape Verde Costa Rica Guatemala Cameroon Argentina Colombia Honduras Republic Bulgaria Hungary Ecuador Burundi Jamaica Algeria Angola Croatia Kuwait Czech China Brazil Egypt Libya Cuba Israel India Rep. Iran Iraq 36 Post-Decision-Point HIPCs 2/ Afghanistan - - - - 9 - - - - - - - - 0 - - - - - - - - - 2 2 - - 4 - Benin - - 3 - - - - - 6 - 0 - - - - - - - - - - - - - - - - 7 0 Bolivia - - - 7 - - - - 11 - - - - - - - - - - - - - - - - - - - - Burkina Faso 1 - - - - - - - 3 - - - 13 - - - - - - - - - - - - - - 21 5 Burundi - - - - - - - - 5 - - - - - - - - - - - - - - - - - - 15 6 Central African Republic 0 - 27 - - - 1 - 20 - - - 0 - - - - - 17 - - - - - 1 - - 15 8 Cameroon - - - - - - - - 7 - - - - - - - - - - - - - - - - - - 8 - Chad - - - - - - 0 - 5 - - - 0 - - - - - - - - - - - - 0 - 7 - Comoros - - - - - - - - - - - - - - - - - - - - - - - - - - - 16 - Congo, Dem. Rep. of - - - - - 1 - - 35 - - - - - - - - 9 34 - - - - - - 19 - 45 - Congo, Rep. 2 9 - - 0 - - - 13 - - - - - 0 - - - - - - - - - - - - 16 4 Côte d'Ivoire - - - - - - - - 14 - - - - - - - - - - - - - 5 - - - - 0 - Ethiopia 5 - - - 11 - - - 13 - - - - - - - - - 40 - - 3 - - - - - 12 47 Gambia, The - - - - - - - - 3 - - - - - - - - - - - - - - - - - - 1 1 Ghana - - - - - - - - 13 - - - - - - - - - - - - - 1 - - - - 16 - Guinea - - - - 2 - - - 14 - - - - - - - - 4 2 - - - - - 1 - - 25 6 Guinea-Bissau 6 13 - - - - - - 3 - - - - - 1 - - - - - - - - - - - - 18 2 Guyana - - 2 2 0 - - - 5 - - - - - 0 - - - 0 - - - 1 - - - - 9 8 Haiti - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Honduras - - - - - - - - - 5 - 7 - - - - - - - 7 - - - - - - - 9 - 40 Liberia - - - - - - - - 9 - - - - - - - - - - - - - - - - - - 10 - Madagascar 21 1 - - - - - - 8 - - - - - - - - - - - - - - - 41 - - 6 32 Malawi - - - - - - - - - - - - - - - - - - - - - - - - - - - 8 - Mali 5 - - - - - - - 26 - - - 1 - - - - - - - - - - - 4 - - 9 2 Mauritania 26 - - - - - - - 23 - - - - - - - - - - - - - - - 25 - - 36 15 Mozambique 3/ 134 16 - - 9 - - - 8 - - - - - 2 - - - 1 - - 6 3 - 27 - - 26 43 Nicaragua 4/ 25 - - - 84 - - - 4 - - 522 - - - 6 1 - 5 495 136 7 2 40 - - 0 - 79 Niger 13 - - - - - - - 7 - - - - - - - - - - - - - - - 0 - - 47 16 Rwanda - - - - - - - - 7 - - - - - - - - - - - - - - - - - - 14 1 Senegal 2 - - - - - - - 19 - - - - - - - - - - - - - - - 0 - - 44 - Sierra Leone - - - - - - - - 41 - - - - - - - - - - - - - - - - - - 10 - São Tomé and Príncipe 1 9 - - - - - 0 3 - - - - - - - - - - - - - - - - - - - - Tanzania 25 1 - - 9 - - - 38 - - - - - - 8 - 0 33 - - 4 10 36 22 - - 24 28 Togo - - - - - - - - 13 - - - - - - - - - - - - - - - - - - 9 - Uganda - - - - - 0 - - 15 - - - - - - - - - - - - - 10 - 0 - - 14 21 Zambia - - - - 2 - - - 45 - - - - - - 0 - - 13 - - - 13 - 1 - - - - Total 268 49 32 9 127 2 1 0 435 5 0 528 14 0 3 15 1 14 146 502 136 20 45 78 122 19 0 503 322 Table AIII14. HIPC Initiative: Cost Estimates to Non-Paris Club Official Bilateral Creditors by Creditor Country (concluded)1/ (In millions of U.S. dollars, in end-2013 PV terms) Non-Paris Club Official Bilateral Creditors Saudi Arabia South Africa United Arab Korea, Rep. Trinidad & Dem. Rep. Venezuela Zimbabwe Korea, P. Tanzania Romania Republic Morocco Thailand Uruguay Emirates Namibia Portugal Pakistan Rwanda Taiwan, Senegal Tobago Zambia Mexico Nigeria Poland Slovak Oman China Niger Other Togo Peru Total 36 Post-Decision-Point HIPCs Afghanistan - - - - - - - - - - - - - - 4 - 6 - - - - - - - - - - - - 27 Benin - - - 0 - - - 0 - - - - - - - - - - - - - - - - - - - - - 17 Bolivia - - - - - - - - - - - - - - - - - - 8 - - - - - - 0 - - - 26 Burkina Faso - - - - - - - - - - - - - - 9 - - - 38 - - - - - - - - - - 90 Burundi - - - - - - - - - - - - - - 13 - - - - - - - - 2 - - - - - 41 Central African Republic - - - 0 - - - - - - - - - - 13 0 - - 76 - - - - - - - - 0 5 184 Cameroon - - - - - - - - - - - - - - 4 - - - - - - - - - - - - - - 19 Chad - - - - - - - - - - - - - - 4 0 - - 11 - - 0 - - - - - - - 27 Comoros - - - - - - - - - - - - - - 10 - - - - - - - - 1 - - - - 0 26 Congo, Dem. Rep. - - 1 - - - - - - - - - 2 0 21 - - - 39 - - - - 90 - - - - - 296 Congo, Rep. - - - - - - - - - - - - 0 - 18 - - - - - - - - 6 - - - - - 68 Côte d'Ivoire - - - - - - - - - - - - - - 0 - - - - - - - - - - - - - - 20 Ethiopia - - - - - - - 21 - - 7 - - - - - - - - - - - - - - - - - - 158 Gambia, The - - - - - - - - - - - - - - 1 - - - 9 - - - - - - - - - - 16 Ghana - - - - - - - - 6 - - - - - 11 - - - - - - - - - - - - - - 46 Guinea - 4 - - - - - - 0 - - - 3 - 31 - - - - - 1 - - - - - - - - 91 Guinea-Bissau - - - - - - 3 - - - - 103 - - 10 - - - 54 - - - - 0 - - - - - 213 Guyana - - - - - - - 0 - - - - - - - - - - - - - - - 3 - 5 - - - 36 Haiti - - - - - - - - - - - - - - - - - - 7 - - - - - - 0 - - - 7 Honduras 13 - - - - - - - - - - - - - - - - - 15 - - - - - - 6 - - - 61 41 Liberia - - - - - - - - - - - - - - 14 - - - 76 - - - - - - - - - - 109 Madagascar - - - - - - - - - - - - - - 3 - - - - - - - - 1 - - - - - 112 Malawi - - - - - - - - - - - - - - - - - 1 19 - - - - - - - - - - 28 Mali - - - - - - - - - - - - - - 22 - - - - - - - - 7 - - - - - 76 Mauritania - - - - - - - - - - - - - - 42 - - - - - - - - 5 - - - - - 173 Mozambique 3/ - - - - - - - 0 - - 5 - 36 - - - 11 5 - - - - - - - - - - - 332 Nicaragua 4/ 58 - - - - - - 2 - 11 8 - - - - - 27 - 167 - - - 1 - 1 66 - - - 1,746 Niger - - - - - - - - - - - - - - 23 - - - 61 - - - - 3 - - - - - 170 Rwanda - - - - - - - - - - - - - - 15 - - - - - - - - 2 - - - - - 39 Senegal - - - - - 2 - - - - - - - - 30 - - - 16 - - - - 6 - - - - - 119 Sierra Leone - 3 - - - - - - - - - - - - 1 - - - - - - - - - - - - - - 55 São Tomé and Príncipe - - - - - - - - - - - 8 - - - - - - - - - - - - - - - - - 21 Tanzania - - - - - - - 0 - - 3 - 0 - 8 - - - - - - - - 3 - - 0 0 - 253 Togo - - - - - - - - - - - - - - 0 - - - - - - - - - - - - - - 22 Uganda - - - - 2 - 1 7 2 - - - - 1 3 - - - - 4 - - - 0 - - - - - 81 Zambia - - - - - - - - - - - - 5 - 0 - - - - - - - - - - - - - - 78 71 7 1 0 2 2 5 32 8 11 22 111 46 1 312 0 44 7 594 4 1 0 1 129 1 77 0 0 5 4,888 Sources: HIPC Country Documents; IMF staff estimates. 1/ Non-Paris Club creditors include those creditors that did not indicate their intention to participate in the Paris Club meeting at the time the completion point document for a particular country was being prepared. Thus, the claims of some creditors that are not permanent members of the Club, but were invited by the Paris Club to participate in the completion point debt negotiation for a given country and signed the Paris Club Agreed Minutes at the end of this negotiation, are not considered in here. 2/ Listed as Yugoslavia in decision point documents. 3/ Excludes claims held by the Ceskoslovenska Obchodni Banka on Mozambique at the time of decision point. 4/ Guatemala's claims on Nicaragua were taken over by Spain in a debt swap. Spain has agreed to provide HIPC Initiative debt relief to Nicaragua on those claims. 40 Table AIII15. Delivery of HIPC Initiative debt Relief by Non-Paris Club Official Bilateral Creditors1/ 2/ (in millions of U.S. dollars, end-2013 PV terms unless otherwise indicated) HIPC Initiative Assistance Costs HIPC Initiative Assistance Delivered NPV Percent of NPV Terms Percent of Total Assistance Terms Total Cost Creditor Country (1) (2) (3) (4)= (3)/(1) Delivered more than 80 percent of total assistance Algeria 268 6 246 92 Bulgaria 127 3 103 81 China 430 9 361 84 Croatia 0 0 0 100 Czech Republic 15 0 14 99 DRC 7/ 0 0 0 84 Ecuador 7/ 1 0 0 93 Egypt 7/ 14 0 13 96 Guatemala 5/ 502 10 495 99 Hungary 20 0 20 100 Israel 19 0 19 100 Jamaica 0 0 0 100 Mexico 71 1 58 81 Oman 2 0 2 100 Republic of Korea 8 0 7 99 Romania 46 1 38 84 South Africa 7 0 7 100 Trinidad and Tobago 1 0 1 100 Uruguay 7/ 1 0 1 85 1,529 1,386 Delivered more than 40 percent of total assistance Brazil 9 0 7 76 Colombia 5 0 3 69 India 6/ 45 1 20 44 Iraq 7/ 122 3 66 54 Kuwait 496 10 393 79 Poland 22 0 15 66 Saudi Arabia 308 6 212 69 Slovak Republic 44 1 33 76 Venezuela 77 2 39 51 1,128 789 Delivered less than 40 percent of total assistance Argentina 32 1 3 10 Burundi 7/ 2 0 0 11 Cuba 3 0 1 22 Former Yugoslavia 4/ 146 3 5 4 Libya 322 7 94 29 Morocco 7 0 1 17 People's Democratic Republic of Korea 32 1 2 7 Pakistan 5 0 1 29 Portugal 111 2 8 7 Rwanda 3/ 1 0 … … Tanzania 3/ 4 0 … … United Arab Emirates 129 3 14 11 795 130 41 Table AIII15. Delivery of HIPC Initiative debt Relief by Non-Paris Club Official Bilateral Creditors (concluded)1/ 2/ (in millions of U.S. dollars, end-2013 PV terms unless otherwise indicated) No delivery of HIPC relief Angola 49 1 0 0 Cameroon 1 0 0 0 Cape Verde 0 0 0 0 Costa Rica 528 11 0 0 Cote d'Ivoire 14 0 0 0 Honduras 136 3 0 0 Iran 78 2 0 0 Namibia 1 0 0 0 Niger 0 0 0 0 Nigeria 2 0 0 0 Peru 11 0 0 0 Taiwan, Province of China 583 12 0 0 Zambia 0 0 0 0 Zimbabwe 0 0 0 0 Other 5 0 0 0 1,409 0 4,860 100.0 2,306 Sources: HIPC documents; country authorities; and Fund and Bank staff estimates.  1/ Based on information received as of August 2013. The information covers only creditors that have claims on post-completion- point countries. The information presented in the table is now based only on responses received from the IMF country team with consultations from the authorities. Creditors are not going to be surveyed which is a change in methodology compared to the previous status reports monitoring relief from the non-Paris creditors. 2/ Argentina, Brazil, the Republic of Korea, Kuwait, Mexico, Morocco, Portugal, South Africa, and Trinidad and Tobago are associated members of the Paris Club. As such, these countries participate in negotiation sessions of the Paris Club on a case-by- case basis, provided that certain conditions are met. Generally, creditors participating in a negotiation session for a particular country are considered Paris Club members for the purpose of HIPC calculations. 3/ In these cases, debtors have indicated that some relief has been provided but the information received is insufficient to quantify 4/ Partition of HIPC loans outstanding at decision point and the associated debt relief among members of the Former Yugoslavia is being determined with the help of the authorities. 5/ Guatemala's claims on Nicaragua were taken over by Spain in a debt swap. Spain has agreed to provide HIPC debt relief to Nicaragua on those claims. 6/ In June 2003, India announced its intention to write off all non-export credit claims on HIPCs. However, several agreements remain unsigned. 7/ The details for the debt relief provided are now available to be able to better estimate the effort by these creditors. Table AIII16. Commercial Creditor Lawsuits against HIPCs1/ Amount Status of Legal Action Claimed by Judgment HIPC Debtor Creditor 2/ Domicile of Creditor Court Location Original Claim 4/ 3/ the Creditor for Creditor 5/ Ongoing, Judgement (In millions of U.S. dollars) Congo, Dem. Rep. of FG Hemisphere United States France Judgement Awarded 44.0 175.0 44.0 Frans Edward Prins Rootman Israel South Africa Ongoing 12.5 54.1 - Themis Capital … United States Judgement Awarded 18.0 79.7 79.7 Triple A International United States … Judgement Awarded 14.0 - - MIMINCO United States … Ongoing 15.0 11.7 - Congo, Rep. of Groupe Antoine Tabet (GAT) Lebanon France Ongoing 100.0 78.7 - Berrebi France France Ongoing 1.8 2.6 - Commissimpex Rep. of Congo France Judgement Awarded 6/ - - 220.4 Commissimpex Rep. of Congo France Ongoing 7/ - 6.5 - Incofi (Jean Pierre Coutard) France Congo, Rep. of Ongoing 8/ 178.6 229.4 - Ethiopia Kintex-Bulgaria Bulgaria Russia Ongoing 8.7 8.7 - Honduras Bago Laboratories Argentina Honduras Ongoing 1.5 1.5 - 44 Niger Taiwan, China United States Judgement awarded 60.0 78.4 - Sierra Leone International Construction CompanySierra Leone Sierra Leone Judgement awarded 14.2 14.2 14.2 (ICC) Sudan Namco Anstalt Switzerland Sudan Ongoing 4.6 5.0 - Africa Alfa Fund Dubai Dubai Ongoing 26.2 - - Tanzania Celtic Capital United States United Kingdom Judgement awarded 0.7 0.7 0.7 Uganda NA Iraq Uganda Ongoing 6.0 6.4 - Source: Country Authorities and IMF Staff 1/ Commercial creditors lawsuits against HIPCs are reported without assessing the merits of these disputes. The information reported in this table reflects responses by the authorities, and it 2/ Either original creditor or holder of current claim. 3/ "Judgment awarded" refers to cases in which the creditor has obtained a judgement against the HIPC but has not yet recovered the full payment on its claim. Settled refers to cases where the judgement has been awarded and both parties have been settled on their claims. 4/ Excludes accumulated interest, charges, and penalties. 5/ Amount could include interest, charges, and penalties. 6/ Judgement has been appealed. Approximate amount in USD, amount reported EUR 167 million. 7/ Approximate amount in USD, amount reported EUR 5 million. Excludes accumulated interest, charges, and penalties. 8/ Approximate amount in US$ representing the equivalent of CFA 88,886 million (original claims) and CFA 109,784 million (claimed by creditor).