Notes
Slide Show
Outline
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Debt Relief for the Poorest:
An Evaluation Update of the HIPC Initiative
  • Victoria Elliott
  • Shonar Lala


  • World Bank and IMF Spring Meetings - Policy Dialogue with Civil Society


  • April 22, 2006
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Builds on findings of IEG’s 2003 evaluation
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HIPC Initiative’s objectives remain largely unchanged
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Debt relief has been additional
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… so HIPC countries get a larger share of aid
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Projections in DSAs less optimistic than before… but still exceed recent actuals
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Debt ratios have regressed for many HIPC beneficiaries
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Why have post-completion point countries’ debt ratios risen?
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HIPC beneficiaries continue to be vulnerable
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Post-completion point countries still score highest on key policy ratings
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HIPCs not yet at decision point have the worst governance of all low-income countries
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Spending on education has increased in five countries
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Modest progress on MDGs in 18 post-completion point countries
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Summary