Debt relief committed under HIPC and MDRI initiatives, cumulative US$ in end-2013 NPV terms
Debt relief is committed as of the decision point (assuming full participation of creditors) under the enhanced HIPC Initiative. It is calculated as the amount needed to bring the net present value (NPV) of the country's debt level to the thresholds established by the HIPC Initiative (150 percent of exports or in certain cases 250 percent of fiscal revenues). Topping-up assistance and assistance provided under the original HIPC Initiative were committed in net present value terms as of the decision point and are converted to end-2012 terms. Debt relief delivered in full under MDRI initiative is the net present value of debt relief from International Development Association, International Monetary Fund, African Development Fund, and Inter-American Development Bank and delivered to countries having reached the HIPC completion point converted to end-2012 terms.