Union of the Comoros: Enhanced Initiative for Heavily Indebted Poor Countries: Completion Point Document and Multilateral Debt Relief Initiative

International Monetary Fund

No 2013/033, IMF Staff Country Reports from International Monetary Fund

Abstract: In June 2010, the International Development Association (IDA) and the IMF agreed that Comoros had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. As a result of the debt reconciliation exercise for the completion point, the present value of eligible external debt at end-2009 has been revised upward. Full delivery of HIPC assistance together with additional bilateral assistance beyond HIPC and Multilateral Debt Relief Initiative (MDRI) debt relief at the completion point would reduce Comoros’ external debt burden significantly.

Keywords: ISCR; CR; Comorian authorities; sensitivity analysis; feasibility study; HIPC assistance; reform program; exchange rate; HIPC debt relief; Debt relief; Debt service; Sub-Saharan Africa; Global; Southern Africa; East Africa; Africa (search for similar items in EconPapers)
Pages: 62
Date: 2013-02-08
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