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Burkina Faso - Staff Assessment of Qualification for the Multilateral Debt Relief Initiative

Burkina Faso - Staff Assessment of Qualification for the Multilateral Debt Relief Initiative
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Total Pages: 4
Release: 2005-08-12
Genre: Business & Economics
ISBN: 1498330746

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Burkina Faso reached the completion point under the enhanced HIPC Initiative on April 12, 2002. Staff is of the view that all criteria have been met and recommends that the Board determine that Burkina Faso qualifies for immediate debt relief under the MDRI.


Burkina Faso

Burkina Faso
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Multilateral Debt Relief Initiative - A First Assessment of Eligible Countries

Multilateral Debt Relief Initiative - A First Assessment of Eligible Countries
Author: International Monetary Fund. Policy Development and Review Dept.
Publisher: International Monetary Fund
Total Pages: 15
Release: 2005-08-12
Genre: Business & Economics
ISBN: 1498330770

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This paper responds to the Board’s request for an assessment of eligible countries that could qualify for Fund debt relief under the MDRI once the requisite consents and requests have been received. Directors requested that, by end-2005, staff prepare, in collaboration with the World Bank, an assessment of the 18 post-completion point HIPCs, as well as eligible non-HIPCs, and propose for Board consideration a list of members that would qualify immediately for MDRI debt relief. Directors also requested that, for those members that do not presently meet the MDRI qualification criteria, remedial measures be expressly identified that would allow them to qualify for MDRI relief.


Review of Low-Income Country Debt Sustainability Framework and Implications of the Multilateral Debt Relief Initiative (MDRI)

Review of Low-Income Country Debt Sustainability Framework and Implications of the Multilateral Debt Relief Initiative (MDRI)
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 36
Release: 2006-03-24
Genre: Business & Economics
ISBN: 149833282X

Download Review of Low-Income Country Debt Sustainability Framework and Implications of the Multilateral Debt Relief Initiative (MDRI) Book in PDF, ePub and Kindle

This paper reviews the experience with the joint IMF-World Bank Debt Sustainability Framework for low-income countries, including cooperation between the staffs, and highlights the implications of the Multilateral Debt Relief Initiative.


Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation
Author: World Bank
Publisher: International Monetary Fund
Total Pages: 106
Release: 2007-10-15
Genre: Business & Economics
ISBN: 1498333281

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This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.


Burkina Faso

Burkina Faso
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 94
Release: 2012-07-02
Genre: Business & Economics
ISBN: 1475577958

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This paper presents findings of the Fourth Review Under the Extended Credit Facility Arrangement for Burkina Faso. Near-term policy discussions focused on specifying 2012 financing needs arising from the shocks to help prevent crowding out the authorities’ development program—Strategy for Accelerated Growth and Sustainable Development. The authorities have implemented decisive adjustment measures, without which financing needs would be much higher. Program performance was strong in 2011, despite domestic social unrest and political turmoil in neighboring Côte d’Ivoire. All quantitative performance criteria and all indicative targets were met.


Burkina Faso

Burkina Faso
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 42
Release: 2013-07-24
Genre: Business & Economics
ISBN: 148432708X

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This paper discusses Burkina Faso’s ex-post assessment of longer-term program engagement. Economic growth has fluctuated above regional standards, averaging 5.3 percent between 2007 and 2012. The improvements in the agricultural sector, as a result of authorities’ strong push for reforms, and investments in the sector, mitigated the impact of unfavorable weather conditions. Authorities responded to high commodity price pressure with temporary exemption from custom fees, value-added tax on basic products, sales of food at below market prices, and suspension of the automatic oil price mechanism. Inflation has remained generally low since 2010, despite food shortages caused by the drought in 2011.


Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative

Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 72
Release: 2011-08-11
Genre: Business & Economics
ISBN: 1498338291

Download Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative Book in PDF, ePub and Kindle

This report aims to accomplish three objectives: (a) it provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI); (b) it proposes a modification of the reporting of progress under the initiatives, including the discontinuation of the annual status of implementation reports, and the preparation of periodic reports on debt vulnerabilities in low income countries (LICs), including HIPCs; and (c) it proposes a further ring-fencing of the list of countries eligible or potentially eligible for debt relief under the HIPC Initiative based on end-2010 income and indebtedness criteria.


Heavily Indebted Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)--Status of Implementation

Heavily Indebted Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)--Status of Implementation
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 61
Release: 2010-09-14
Genre: Business & Economics
ISBN: 1498336841

Download Heavily Indebted Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)--Status of Implementation Book in PDF, ePub and Kindle

This report provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). Debt relief provided under the Initiatives has substantially alleviated debt burdens in recipient countries. Through the continued use by IDA and the Fund of the flexibility available in the framework governing the HIPC Initiative and the MDRI, significant progress has been achieved under the Initiatives since the last report.