Third World Debt

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Third World Debt (as of April 2004)

Type of Relief
Committed Actual ($billions)
Traditional debt cancellation 30 19.8
Relief from HIPC I 25 6.2
Relief from HIPC II 25 8.8
Previous bilateral cancellation 20 0
Additional bilateral relief 10 1.3
'Topping Up' 1 0.23
Total relief 111 36.3

 

8 countries had gone through the HIPC process (Completion Point):
Benin Mauritania
Bolivia Mozambique
Burkina Faso Tanzania
Mali Uganda

 

18 countries had reached the first stage of HIPC (Decision Point):
Cameroon Guinea-Bissau
Niger Chad
Guyana Senegal
Ethiopia Honduras
Sao Tome and Principe Gambia
Madagascar Sierra Leone
Ghana Malawi
Rwanda Guinea
Nicaragua Zambia

 

8 countries had not yet reached the first stage of HIPC (Pre-decision Point):
Burundi Congo DR
Central African Republic Congo Rep
Cote d'Ivoire Myanmar
Comoros Togo

8 countries are classified as heavily indebted, but unlikely to ever reach the first stage of HIPC:
Angola Somalia
Kenya Sudan
Lao PDR Vietnam
Liberia Yemen
Other countries not classified as HIPCs, but identified by Jubilee 2000 as requiring debt cancellation:
Bangladesh Morocco
Cambodia Nepal
Equatorial Guinea Nigeria
Haiti Peru
Jamaica Philippines
 Zimbabwe  

 

Source: Jubilee Research

 


 

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