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HIPC Approval Document - Completion Point under the Enhanced Framework

22-Jun-2005

Rwanda qualified fo r US$ 452.4 million HIPC debt relief assistance in end-1999 NPV terms at the decision point in December 2000. On April 13, 2005, Rwanda became the 14 th regional member 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 a total irrevocable debt relief from multilateral and bilateral creditors amounting to US$ 1.4 billion in nominal terms over time, equivalent to debt relief of US$ 452 .4 million in end-1999 NPV terms as agreed at the decision point, plus a topping-up assistance of US$ 243.1 million in end-2003 NPV terms approved at the completion point.

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