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Uganda - Completion Point Document HIPC Framework
The Boards of Directors broadly endorsed the Bank Group’s participation in the enhanced HIPC Initiative, in principle, on May 12, 2000. During this meeting, it was agreed that the Bank Group would consider qualifying countries on a case-by-case basis, subject to the availability of adequate financing. The Bank Group would provide its debt relief by releasing eligible countries from 80 percent of their annual debt service obligations until the total debt relief is delivered. Debt service delivery would commence at the decision point, with no more than 40 percent of HIPC assistance being provided between the decision and completion points. Whenever possible, total debt relief will be provided within 15 years.