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Liberia - Completion Point Document HIPC Initiative
I n J une 20 10 , the Boards of Directors of the IMF and the World Bank a ppro ved irrevocable debt relief assistance to Liberia under the e nhanced Heavily Indebted Poor Countries (HIPC) Initiative. Liberia becomes the 2 3 rd r egional m ember c ountry (RMC) of the African Development Bank Group (Bank Group) to reach the completion point under the HIPC Initiative and to qualif y for debt relief of US$ 2,739.2 million in end - June 200 7 p resent v alue ( PV ) ter ms , of w hich US$ 2 37 .2 million is from the B ank Group . Th is document presents the justification for Liberia reaching the co mpletion poin t and seeks Boards of Directors’ approval for the Bank Group’s portion of the debt relief to be provided to Liberia .