The Federal Democratic Republic of Ethiopia: Enhanced Initiative for Heavily Indebted Poor Countries-Completion Point Document
Volume/Issue:
Volume 2004
Issue 116
Publication date: April 2004
ISBN: 9781451812701
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Topics covered in this book
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Business and Economics , Exports and Imports , ISCR , CR , NPV of debt-to-exports ratio , HIPC Initiative , Ethiopian authorities , decision point , NPV terms , exports of goods , terms of trade , Debt relief , Debt service , Exports , Debt service ratios , Sub-Saharan Africa , Africa
Summary
This paper assesses Ethiopia’s economic progress under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) Initiative, and seeks approval of the IMF staff for the completion point under the initiative. It reviews the status of creditor participation, the delivery of debt relief to Ethiopia, updates the debt sustainability analysis, and provides an analysis of the sensitivity of the debt indicators to changes in macroeconomic variables. Executive Directors determine that Ethiopia has reached the completion point under the Enhanced HIPC Initiative.
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