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Niger - Completion Point Document HIPC Framework

19-Oct-2012

In April 2004, Niger became the 8th 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 US$520.6 million worth of debt relief in end 1999 NPV terms as agreed at the decision point in December 2000 for the country under the enhanced HIPC framework.1 They also approved an additional debt relief of US$ 142.5 million in 2002 NPV terms at the completion point for topping up, with a break down as follows: (i) US$ 119.2 million as the share of multilateral creditors; and (ii) US$ 23.3 million as the share of bilateral creditors.2

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