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Zambia - Completion Point Document HIPC Framework


Zambia qualified for HIPC debt relief assistance at decision point in December 2000. On April 8, 2005 Zambia became the 13th 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 a total irrevocable debt relief from multilateral and bilateral creditors amounting to US$ 2.5 billion in end-1999 NPV terms (US$ 3.9 billion in nominal terms).

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