The IMF Executive Board’s consideration of Côte d’Ivoire’s request for additional interim assistance under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative is discussed. The 2009 fiscal targets under the program were broadly met, and all but two quantitative performance...

This paper reviews the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) Initiative for Liberia. Performance under the Extended Credit Facility (ECF)-supported program is solid. The third ECF review was completed on a lapse of time basis on December 18, 2009. All but one of the...

Ukraine was one of the countries hardest hit by the global economic and financial crisis; it was also one of the first countries supported by a Stand-By Arrangement (SBA). The Ex Post Evaluation of Exceptional Access Under the 2008 SBA reveals that the achievement of program objectives was...

This paper discusses Ukraine's Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement. For the most part, the 2010 program was appropriately designed given the ambitious agenda it had set out to accomplish. The macroeconomic strategy and program design correctly addressed...

Even though the global financial crisis hit Ukraine hard, the Stand-By Arrangement (SBA) program managed to restore macroeconomic and financial stability. Executive Directors welcomed the new SBA aimed to consolidate public finances, restore banking system soundness, and develop a more robust...

This paper reviews Guyana’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The staff of the IMF and IDA considers that Guyana’s performance with respect to the conditions for reaching the completion point under the enhanced HIPC Initiative has been...

This paper examines Zambia’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries. Zambia has met all but three of the completion point conditions, as specified in the decision point document. It made satisfactory progress in implementing and monitoring its Poverty...

The government has fully complied with all the elements of the fourth floating completion point condition, which calls for the implementation of reforms to develop human capital and social protection. Investment in human capital development represents the second pillar of Nicaragua’s Poverty...

This paper assesses Niger’s performance in meeting the requirements for reaching the completion point under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The paper reviews the status of creditor participation and the delivery of debt relief to Niger under the enhanced HIPC...

This paper presents the Completion Point Document for consideration of Rwanda’s Enhanced Initiative for Heavily Indebted Poor Countries. The government has maintained the policy of protecting social sector budget allocations from cuts during the course of the fiscal year, and military spending...