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Ethiopia - Completion Point Document HIPC Framework


In April 2004, Ethiopia became the 10 th Regional M ember Country (RMC) to reach the completion point under the enhanced HIPC Initiative. As a result, the Boards of Directors of the IMF and the World Bank approved US$1.275 billion worth of debt relief in 2000/01 NPV term s as of July 2001, for the country as agreed at the decision point in November 2001, and an additional assistance of US$706.9 million in 2 002/ 03 NPV term s at the completion point. T he additional d ebt relief for topping u p com prises US$552.4 million as th e share of multilateral creditors, an d US$ 154.5 million as the share of bilateral creditors.

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