Country debt profilesSee below for countries' debt cancellation status, and follow links for further information.
Countries which have received debt cancellation
The Heavily Indebted Poor Countries initiative is the major international scheme for debt relief and cancellation. The following countries have finished the scheme and recieved debt cancellation this is known as reaching completion point:
Afghanistan, Benin, Bolivia, Burundi, Burkina Faso, Cameroon, Central African Republic, Comoros, Congo (Republic of), Democratic Republic of Congo, Cote d'Ivoire, Ethiopia, Gambia, Ghana, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Nicaragua, Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Tanzania, Togo, Uganda and Zambia.
You can view country profiles of the following countries that have received debt relief.• Haiti
Countries working towards debt cancellation
These countries are currently going through HIPC this is known as having reached decision point:
Countries allowed to join debt cancellation scheme
These countries are eligible for HIPC but have not yet began the scheme this is known as pre-decision point:
Eritrea, Nepal, Somalia and Sudan
Countries excluded from debt cancellation scheme
All the developing countries on this list are not eligible to recieve HIPC this is just one of the reasons why the scheme is woefully inadequate. Click on the links below to view country profiles which explain how these countries got into debt and why for them debt relief is both needed and deserved.
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