1 / 7

HIPC Initiative and MDRI : Status of Implementation

MDB Meeting on Debt Issues, Washington, 11-12 July 2007. HIPC Initiative and MDRI : Status of Implementation. Sudipto Mundle Director, Special Projects and PBA Asian Development Bank. Comments on the Paper. Very clear and useful update on implementation of HIPC and MDRI

hectorreyes
Download Presentation

HIPC Initiative and MDRI : Status of Implementation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MDB Meeting on Debt Issues, Washington, 11-12 July 2007 HIPC Initiative and MDRI : Status of Implementation Sudipto Mundle Director, Special Projects and PBA Asian Development Bank

  2. Comments on the Paper • Very clear and useful update on implementation of HIPC and MDRI • Reassuring to know that reforms embedded in HIPC program working well -CPIA plots show both post DP and post CP HIPCs improving performance over time • However the graph needs clarification - on same scale post DP countries after 5 years seem to score higher than early years of post CP countries - but post CP curve throughout above post DP curve?

  3. Comments on the Paper • Re. Creditor participation - it would be useful to know who exactly are the non-Paris club non-private sector creditors, some example would help • Litigating private creditors have recovered -around 50% of credit, $1.2 billion out of $2.72 loans - meanwhile MDBs writing off debt - what then is the meaning of MDBs preferred creditor status

  4. ADB and Debt Relief • ADB has never participated in debt relief • For the first time ADB is being asked to participate in HIPC • The candidate country is Afghanistan • MDRI is not under consideration

  5. Afghanistan HIPC Debt Relief • projected ADF reflows about $297 million (nominal) or $115.4 million (NPV) • Expected debt relief $102.1 million (nominal) or $58.8 million (NPV), with 50.9% c.r.f. • Interim relief tentatively calculated at approximately $2.2 million (nominal)

  6. Other Possible HIPC Cases

  7. Thank you For More Information Contact: Sudipto Mundle smundle@adb.org Website: www.adb.org

More Related