Afghanistan Watch: Afghanistan qualifies for debt relief under HIPCI

July 11, 2007

Afghanistan qualifies for debt relief under HIPCI

The World Bank and IMF have announced that Afghanistan has made sufficient reforms to now qualify for debt relief under the Heavily Indebted Poor Countries Initiative. The country will now have its public and private debt payments (on $12b in total debt) cut in half.

To qualify, Afghanistan had to meet several criteria: "face an unsustainable debt burden, beyond traditionally available debt-relief mechanisms"; "establish a track record of reform and sound policies through IMF- and IDA-supported programs"; and "have developed a Poverty Reduction Strategy Paper (PRSP) through a broad-based participatory process." MORE DETAILS ON HIPCI

The process continues as follows:

Once a country reaches its decision point, it may immediately begin receiving interim relief on its debt service falling due. In order to receive the full and irrevocable reduction in debt available under the HIPC Initiative, however, the country must: (i) establish a further track record of good performance under IMF- and IDA-supported programs; (ii) implement satisfactorily key reforms agreed at the decision point, and (iii) adopt and implement the PRSP for at least one year. Once a country has met these criteria, it can reach its completion point, at which time lenders are expected to provide the full debt relief committed at decision point.

Posted by Carl Robichaud on July 11, 2007 at 12:51 PM in Economics, Investment, Reconstruction | Permalink

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341d843653ef00e55090940f8833

Listed below are links to weblogs that reference Afghanistan qualifies for debt relief under HIPCI:

The comments to this entry are closed.

Comments

Whether, Afghanistan is helped by World Bank and any by other banks. It is quite true that the country has to help itself. If we talk about ‘debt relief’ then poverty can not be decreased until it found the reason behind. Due to their expensive nature they don’t care for their budget and keep spending money and one day comes when they seek debt counseling assistance and related services. Mark one thing that whether companies have services such as Christian Debt Counseling,
Christian Credit Counseling, Christian Financial Counseling, Christian Debt Counselors, Christian Credit Counselors, Christian Financial Counselors, and any other services give the same meaning, please don’t confuse in them. People should consider this thing that finding a good debt management company is very difficult but possible on the other hand, they should make their minds up that no one is going to repay your debt. You have to pay your debt but no one so considering this fact, you have to act upon.
http://www.christiansdebtcounseling.com/

Posted by: Debt Relief Program | August 18, 2008 at 03:15 AM

Thanks for the information...I bookmarked your site, and I appreciate your time and effort to make your blog a success!

Posted by: Rachael | December 05, 2008 at 11:10 AM

The people can get help and information Christian debt counseling programs through online Christian credit centers , it provide all the essential news items and information about new credit and financial help services offer by the Christian debt.

http://www.christiansdebtcounseling.com/

Posted by: teenagers01 | January 16, 2009 at 05:09 AM

I am so happy to get some Tales Of Pirates gold and the Tales Of Pirates money is given by my close friend who tells me that the cheap Tales Of Pirates gold is the basis to enter into the game.
Therefore, I should buy Tales Of Pirates Gold with the spare money

Posted by: buy Tales Of Pirates Gold | January 19, 2009 at 10:38 PM

I am so happy to get some Entropiauniverse ped and the Entropia Universe Gold is given by my close friend

who tells me that the Entropia Universe Money is the basis to enter into the game. Therefore, I should Buy Entropia Universe Gold with the spare money and I gain some cheap Entropiauniverse ped from other players.

Posted by: Buy Entropia Universe Gold | February 24, 2009 at 01:42 AM

Do you know latale online gold? I like it.
My brother often go to the internet bar to buy latale gold and play it.
After school, He likes playing games using these latale money with his friends.
I do not like to play it. Because I think that it not only costs much money but also spend much time. One day, he give me many buy latale online gold and play the game with me.
I came to the bar following him and found cheap latale gold was so cheap. After that, I also go to play game with him.

Posted by: latale online gold | March 14, 2009 at 05:35 AM

Today, you can walk into Laptop parts many brick-and-mortar Laptop Acer AC Adapter electronics and computers retailers Gateway Laptop keyboard and expect to find laptop bargains. Toshiba Laptop keyboard They are just about everywhere. Dell Laptop AC Adapter Prices for bargain laptops have become so low that walking out of a store with one for yourself and Liteon Laptop AC Adapter and one for a friend is even an option. Laptop LCD AC Adapter To save the most money Acer Aspire 1200 AC Adapter when buying a bargain laptop Liteon PA-1131-08 AC Adapter or notebook Gateway PA-1650-01 AC Adapter
Liteon PA-1650-01 AC Adapter
Toshiba Laptop AC Adapter
Toshiba PA3467U-1ACA AC Adapter
Original Gateway PA-1650-01 AC Adapter
Toshiba PA3469U-1ACA AC Adapter
Acer PA-1650-02 AC Adaptercomputer, though, Delta PA-1650-02 AC Adapter going through a major online retailer Liteon PA-1131-08 AC Adapter is the best way to save the most money. Dell Laptop battery that is very important.

Posted by: lynn | April 26, 2009 at 02:07 AM

Hunting to buy wow gold and wow power leveling service?I know there are still masses of gamers are looking around for more WoW Gold, the essential currency in the game. As we know sometimes the process of gaining wow gold is tedious, let alone when you are busy. Of course it is also fit for WoW Power Leveling. Then how to get it? Don’t worry, there is another way to get cheap wow gold, you don’t need to spend too much energy and time on obtaining cheapest wow gold. Yup, Buy WoW Gold from those gold sellers online. What you need is just to find one professional and reliable shop and cost a little money, then you can buy cheap wow gold as soon as possible. It is really a good way, right? Ok, then why do you hesitate? Go to have a try and get your Cheap WoW Goldand wow power leveling service now.