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Mali-HIPC Approval Document Completion Point Under The Enhanced Hipc Framework

29-Jun-2003

In March 2003, Mali became the 6th of the 22 RMCs eligible for the enhanced HIPC Initiative, to reach its completion point, under the enhanced HIPC framework1 . As a result, the Boards of Directors of the IMF and the World Bank approved US$ 417 million worth of debt relief for the country in end 1998 NPV terms under the enhanced HIPC framework. This amount includes US$16 million approved for Mali in light of the revisions that have been made to the debt data available at the September 2000 decision point. This document presents the justifications for Mali’s qualification for HIPC assistance, as well as the proposed plan to finance the balance of the Bank Group’s share of Mali’s total debt relief costs. This comes in addition to US $121 million in 1998 NPV terms the country received when it reached its completion point under the original HIPC framework in September 2000..

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