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Zambia - Completion Point Document under the Enhanced HIPC Inititiave

17-Oct-2006

On August 31, 2006, the Republic of Malawi became the 16 th regional member country (RMC) to reach completion point under the enhanced HIPC Initiative. As a result, the Boards of Directors of the IMF and the World Bank approved a HIPC assistance of US$ 646 million in end-1999 NPV terms for Malawi. In addition, a topping-up assistance of US$ 411 million in end-2005 NPV terms was approved for Malawi.

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