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International Monetary Fund

1. On February 24, 2012, the Executive Board approved a partial distribution of the general reserve equivalent to SDR 700 million attributed to part of the gold sales windfall profits to all members in proportion to their quotas (Decision No. 15092-(12/19), the “Distribution Decision”). 1 2. In accordance with paragraph 5 of the Distribution Decision, the distribution will only become effective when I have notified the Executive Board that, in my assessment, satisfactory assurances exist regarding the availability of at least SDR 630 million for new subsidy

Mr. Kamau Thugge and Mr. Anthony R. Boote

amounts will be delivered in April 1998 subject to satisfactory assurances of action by Uganda’s other creditors and Uganda’s continued strong performance under its ESAF- and IDA-supported programs. The resulting total reduction in Uganda’s nominal debt service is likely to be much higher—depending on how the assistance is delivered—at around US$700 million. In September 1997, the Executive Boards of the World Bank and IMF decided assistance under the Initiative for Bolivia and Burkina Faso. For Bolivia, the Boards agreed to an NPV debt-to-exports target of 225

International Monetary Fund. African Dept.
This paper discusses the status of Chad under Enhanced Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). Chad does not qualify for topping-up under the Enhanced HIPC Initiative based on end-2013 debt data. Creditors accounting for more than 87 percent of total HIPC-eligible debt have given satisfactory assurances of their participation in the enhanced HIPC Initiative. Nearly all multilateral creditors and Paris Club creditors have agreed to participate. The authorities are working toward obtaining participation of all the remaining creditors. Upon reaching the completion point under the Enhanced HIPC Initiative, Chad will also qualify for additional debt relief under the MDRI.
International Monetary Fund
The Democratic Republic of the Congo (DRC) has successfully implemented key reforms under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative, despite experiencing exceptional challenges since the decision point, including a challenging security situation. Revised present value of HIPC assistance has given satisfactory assurances of their participation in the enhanced HIPC Initiative. The DRC does not qualify for topping-up under the enhanced HIPC Initiative. Full delivery of HIPC debt relief, and additional bilateral assistance beyond HIPC and Multilateral Debt Relief Initiative debt relief at the completion point would reduce the DRC’s external debt burden significantly.