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Burundi - Completion Point Document HIPC Initiative

19-Oct-2012

On January 29 , 200 9 , Burundi became the 20 th regional member country (RMC) to reach completion point under the enhanced HIPC Initiative. As a result, the Boards of Directors of the IMF and the World Bank approved a HIPC debt relief of US$ 832.6 million in end - 2004 NPV terms for Burundi which includes US$ 15 0 . 2 million debt relief from the B ank Group . The document presents the justification for Burundi reaching its completion point and seeks Boards’ approval for the Bank Group’s portion of the debt relief to be provided to Burundi.

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