Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update (IMF)

The HIPC Initiative and MDRI are nearly complete, with 36 countries having reached the completion point under the HIPC Initiative. Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries and has enabled them to increase their poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2015. See http://www.imf.org/en/Publications/Policy-Papers/Issues/2017/09/15/pp09….