Sierra Leone: Enhanced Heavily Indebted Poor Countries Initiative: Completion Point Document and Multilateral Debt Relief Initiative

January 24, 2007

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Sierra Leone: Enhanced Heavily Indebted Poor Countries Initiative: Completion Point Document and Multilateral Debt Relief Initiative, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

This paper explains Sierra Leone’s completion point under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) and debt relief under the Multilateral Debt Relief Initiative (MDRI). With enhanced HIPC and MDRI assistance, Sierra Leone will achieve a debt profile below the HIPC threshold. Assurances have been obtained regarding participation in the enhanced HIPC Initiative from creditors representing more than 81 percent of the relief to be provided. The sensitivity analysis shows that Sierra Leone’s external debt sustainability could be jeopardized by adverse shocks and financing on nonconcessional terms.

Subject: Asset and liability management, Debt relief, Debt service, Education, Expenditure, External debt, Health

Keywords: Balance of payments, CR, Debt relief, Debt service, Divestiture strategy, Government ownership, HIPC assistance, ISCR, Long-term debt, Sensitivity analysis, Sierra Leonean authorities, Sub-Saharan Africa

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/023
Stock No:

1SLEEA2007004
ISBN:

9781451834598
ISSN:

1934-7685

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