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PostHIPC Debt Sustainability and Commonwealth HIPCs

image of PostHIPC Debt Sustainability and Commonwealth HIPCs
The debt problem facing poor countries has been at the heart of Commonwealth concerns since the 1980s. The Heavily Indebted Poor Countries (HIPC) Initiative has made important strides in providing comprehensive debt relief to the world’s poorest, most heavily indebted countries, cutting the total external debt of 26 out of the 42 eligible countries by twothirds.



The report presents discussions held at the 2003 Dar es Salaam HIPC Ministerial Forum and calls for a number of actions to deal with both immediate concerns and the issues surrounding longterm debt sustainability in HIPCs.

English

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Foreword

The debt problem facing poor countries has been at the heart of Commonwealth concerns since the 1980s. The Commonwealth's various initiatives, through several stages in the Paris Club of creditor nations, eventually contributed to the Naples terms in 1994. In the early 1990s the Commonwealth pointed to the need to address the growing problem of multilateral debt.

English

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