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Public Information Notice: IMF Executive Board Discusses the Status of Implementation of the Enhanced HIPC Initiative
September 30, 2004
Heavily Indebted Poor Countries (HIPC) Initiative—Status of Implementation
August 20, 2004
Debt
Initiative for the Heavily Indebted Poor Countries (HIPCs)
A Factsheet
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Enhanced HIPC Initiative: Possible Options Regarding the Sunset Clause
Prepared by the staffs of the IMF and IDA
July 7, 2004
Use the free Adobe Acrobat Reader
to view the full text of the 186 kb pdf file.
Contents
| I. |
Introduction |
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| II. |
Background |
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| III. |
Possible Options |
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A. |
Option 1: Let the Sunset Clause Take Effect |
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B. |
Option 2: Extend the Sunset Clause |
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C. |
Option 3: Extend the HIPC Initiative Solely
for Countries Meeting Predefined Criteria |
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D. |
Option 4: Limit Debt Subject to Debt Relief
by Using a Cutoff Date |
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E. |
Possible Costs |
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| IV. |
Concluding Remarks |
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| Annexes |
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I. |
History of the Sunset Clause |
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II. |
Challenges to Reaching the Decision Point
by Remaining HIPCs |
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III. |
Countries that Could Reach the Decision
Point after June 2004 |
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| Table 1. Breakdown of Estimated Potential
Costs by Main Creditors |
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