01940cas a2200241 a 4500 AALejournalIMF020385 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498342490 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative : Statistical Update. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (47 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The HIPC Initiative and MDRI are nearly complete with 35 countries having already reached the completion point under the HIPC Initiative. One country, Chad, remains in the interim phase. Debt relief under the Initiatives has substantially alleviated debt burdens in recipient countries and has enabled them to increase their poverty-reducing expenditure by two and a half percentage points between 2001 and 2013. Creditor participation in the Initiative has been strong amongst the multilateral and Paris Club creditors; however participation from the other creditor groups still needs to be strengthened. The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be USD 75.0 billion, while the costs to the four multilateral creditors providing relief under the MDRI is estimated to be USD 41.1 billion in end-2013 present value terms. Mode of access: Internet Policy Papers; Policy Paper ; No. 2014/089 Full text available on IMF http://elibrary.imf.org/view/journals/007/2014/089/007.2014.issue-089-en.xml IMF e-Library