The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplemental Information
Title | The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplemental Information PDF eBook |
Author | International Monetary Fund. Finance Dept. |
Publisher | International Monetary Fund |
Total Pages | 20 |
Release | 2005-01-11 |
Genre | Business & Economics |
ISBN | 1498330851 |
The Executive Board held an informal seminar on September 21, 2005 to discuss possible implementation modalities for the G-8 debt relief proposal. On September 24, 2005, the International Monetary and Financial Committee supported providing 100 percent cancellation of debt owed by HIPCs to the Fund, and considered that this would provide significant additional resources for countries’ efforts to reach the Millennium Development Goals and reinforce long-term debt sustainability.
The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplement on Financing Arrangements
Title | The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplement on Financing Arrangements PDF eBook |
Author | International Monetary Fund. Finance Dept. |
Publisher | International Monetary Fund |
Total Pages | 10 |
Release | 2005-01-11 |
Genre | Business & Economics |
ISBN | 1498330878 |
This supplement discusses the financial structure for the implementation of the G-8 debt relief proposal or Multilateral Debt Relief Initiative (MDRI). Implementation of the MDRI will require action by the Executive Board and by contributions to the Subsidy Account of the PRGF Trust. To be in a position to deliver debt relief under the MDRI by the beginning of 2006 will require the early adoption by the Board of a number of decisions. It will also require the timely consent by all contributors to the Subsidy Account of the PRGF Trust to an amendment of the PRGF Trust Instrument that would allow the transfer of a portion of their resources to a new administered account for use in providing MDRI debt relief to HIPCs with incomes above the MDRI threshold.
The G-8 Debt Cancellation Proposal and Its Implications for the Fund - Further Considerations
Title | The G-8 Debt Cancellation Proposal and Its Implications for the Fund - Further Considerations PDF eBook |
Author | International Monetary Fund. Policy Development and Review Dept. |
Publisher | International Monetary Fund |
Total Pages | 44 |
Release | 2005-09-19 |
Genre | Business & Economics |
ISBN | 1498331068 |
The G-8 has proposed that the Fund, the International Development Association, and the African Development Fund cancel 100 percent of their claims on countries having reached, or upon reaching, the completion point under the enhanced Heavily Indebt Poor Country (HIPC) Initiative. The proposal was initially presented to the G-8 Finance Ministers' Conclusions on Development issued on June 11, 2005, and reaffirmed in the statement on Africa signed by G-8 Heads of State and Government at the Gleneagles Summit on July 8, 2005.
Multilateral Debt Relief Initiative
Title | Multilateral Debt Relief Initiative PDF eBook |
Author | International Monetary Fund. Policy Development and Review Dept. |
Publisher | International Monetary Fund |
Total Pages | 4 |
Release | 2005-12-20 |
Genre | Business & Economics |
ISBN | 1498330681 |
This supplement summarizes new information available to staff since the issuance of The Multilateral Debt Relief Initiative: A First Assessment of Eligible Countries (December 8, 2005). It focuses on the six members (Ethiopia, Madagascar, Mauritania, Nicaragua, Rwanda, and Senegal) for which staff recommends that remedial actions be taken before the Board determines whether they qualify for debt relief from the Fund under the Multilateral Debt Relief Initiative.
The G-8 Debt Cancellation Proposal and Its Implications for the Fund
Title | The G-8 Debt Cancellation Proposal and Its Implications for the Fund PDF eBook |
Author | International Monetary Fund. Legal Dept. |
Publisher | International Monetary Fund |
Total Pages | 43 |
Release | 2005-07-20 |
Genre | Business & Economics |
ISBN | 149833136X |
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The Multilateral Debt Relief Initiative - Progress Report on Implementation
Title | The Multilateral Debt Relief Initiative - Progress Report on Implementation PDF eBook |
Author | International Monetary Fund. Policy Development and Review Dept. |
Publisher | International Monetary Fund |
Total Pages | 16 |
Release | 2006-03-20 |
Genre | Business & Economics |
ISBN | 1498332919 |
Reports on the implementation of the MDRI since December 2005, in line with the request made by Directors that a progress report be presented to the Board before the 2006 Spring Meetings. Includes a focus on the implementation of the initiative in the Fund, and covers implementation in other multilateral institutions.
Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations
Title | Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations PDF eBook |
Author | International Monetary Fund. Policy Development and Review Dept. |
Publisher | International Monetary Fund |
Total Pages | 24 |
Release | 2005-10-03 |
Genre | Business & Economics |
ISBN | 1498331718 |
The International Monetary and Finance Committee at its 2004 Annual Meetings called on the international community to provide assistance including “further debt relief” to low-income countries for achieving the Millennium Development Goals (MDGs). It reaffirmed the Fund’s “important role” in supporting lowincome countries and called on the Fund to consider “further debt relief and its financing.” More impetus for this request was provided by various recent proposals (summarized in Annex I). At their meeting in London in February, G7 Finance Ministers expressed their willingness to provide as much as 100 percent multilateral debt relief.