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Liberia - Decision Point Document HIPC Initiative
Liberia is recovering from over 20 years of political instability, a period that left the country at the brink of collapse. While a significant turnaround has been made on the macroeconomic front, poverty is still widespread and there are large gaps in service delivery. In March 2008, the Boards of Directors of the IMF and the World Bank approved for Liberia a HIPC debt relief at decision point of about US$2.8 billion in end-June 2007 NPV terms. It is now the Bank Group’s turn to assess the situation and decide on this proposal to approve the Bank Group’s contribution of debt relief for Liberia at decision point.