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Mauritania - Completion Point Document HIPC Framework


In June 2002, Mauritania reached its completion point and the Boards of the IMF and World Bank approved US$622 million worth of debt relief in end - 1998 NPV terms under the enhanced HIPC Framework. This document invites the Boards to note the justifications for Ma uritania qualification for HIPC assistance, and approve the proposed plan to finance the balance of the Bank Group’s share of Mauritania costs. Section 2 of this document summarises details of Mauritania’s status of policy and reforms implementation during the interim period, while the total debt relief is disaggregated in Section 3 to illustrate the breakdown of HIPC costs to all creditors at the decision and completion points and justification for any change in total debt relief approved at the decision p oint. Section 4 shows the HIPC debt relief assistance delivered during the interim period. The Bank Group’s operations are reviewed in Section 5, with particular emphasis on activities related to the progress made in the implementation of the Poverty Reduc tion Strategy Papers (PRSPs). Section 6 presents details of the proposed delivery modality. The proposed financing plan is presented in Section 7. Recommendations for the Boards’ consideration are contained in Section 8.

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