The document discusses whether the debt of heavily indebted poor countries (HIPCs) should be written off. It notes that the HIPC initiative began in 1996 to reduce debt levels of 38 heavily indebted poor countries to sustainable levels, as most could not repay debts due to issues like corruption, disasters, wars and bad policies. To date, 36 countries have received full debt relief under HIPC and MDRI programs. The document examines perspectives from the IMF, Africa, and outlines pros and cons of debt relief initiatives.

1. HEAVY INDEBTED POOR
COUNTRIES’ DEBT
SHOULD IT BE WRITTEN OFF?

2. INTRODUCTION
• Heavy Indebted Poor countries or HIPC-
– Refers to
• (HIPC)initiative was began in 1996 by The world bank, the International
monetary fund (IMF)and other multilaterateral,bilateral and commercial
creditors. The main initiative being to cut debit for 38 heavily indebted poor
countries to sustainable levels.
• Most of these debt being not paid due to corruption, natural
disasters,wars,bad policies and bad luck made it possible
• To current 36 of countries have received full amount of debit relief for which
they are eligible under HIPC and MDRI.
• give the big picture who qualified, why writing off “initiative”

3. Chart
Series 1, Category 1, 4.3
Series 1, Category 2, 2.5
Series 1, Category 3, 3.5
Series 1, Category 4, 4.5
Series 2, Category 1, 2.4
Series 2, Category 2, 4.4
Series 2, Category 3, 1.8
Series 2, Category 4, 2.8
Series 3, Category 1, 2 Series 3, Category 2, 2
Series 3, Category 3, 3
Series 3, Category 4, 5
Series 1 Series 2 Series 3

4. In imf’s point of view
• First bullet point here
• Second bullet point here
• Third bullet point here
Class Group A Group B
Class 1 82 95
Class 2 76 88
Class 3 84 90

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6. In Africa's pov
• According to those who support debt clearing –Jeffrey Sachs,special
adviser to Kofi Annan on Global Anti-poverty
• Debt payment has become a political embarrasment and calls for loan
modification proliferated since it meant forcing countries that were
already poor to cut down on money budgeted for schools and hospitals
• Third bullet point here

7. Pros & CONS

8. IMPACTS

9. THE BIG PICTURE

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