Examples of HIPC in a sentence
REPUBLIC OF MOZAMBIQUE By /s/ Xxxxxx Xxxxxxxxxx Authorized Representative INTERNATIONAL DEVELOPMENT ASSOCIATION in its own capacity and as Administrator of the HIPC Debt Initiative Trust Fund By /s/ Xxxxxxxx X.
In consideration of the payment of the Transfer Price, receipt of which is hereby acknowledged, the Association, in its own capacity, hereby transfers, assigns and sets over the Identified Debt and all the Association’s rights, title and interest therein to the Association, as administrator of the HIPC Trust Fund and its successors and assigns, to have and to hold, absolutely and forever.
The debt/budget revenue ratio would have declined to only 370% at the end of 2004, compared with a maximum target of 150% under the HIPC Initiative.
The Association, as administrator of the HIPC Trust Fund, having become the owner of the Identified Debt under this Agreement, hereby irrevocably and unconditionally releases and forever discharges the Beneficiary from any and all liabilities and obligations of whatsoever nature, whether present or future, arising in relation to the Identified Debt, all of which are hereby irrevocably cancelled.
Given the level of indebtedness of the Republic of Congo, and its performance under the program supported by the PRGF, the Boards of Directors of the World Bank and the IMF formally decided in March 2006 that the Republic was eligible for the HIPC Initiative (“decision point”).
An individual will assist the chairperson and members as a full-time Executive Secretary and will head the Secretariat that will, co-ordinate the activities of tracking and monitoring of HIPC resources.
The Republic of South Sudan shall join the Republic of Sudan to engage in a Joint Creditor Outreach Strategy aimed at seeking direct debt relief from creditors for Sudan’s external debt and especially to achieve the Highly Indebted Poor Countries ("HIPC") decision point for Sudan within the next two years.
The programmes and projects supported by HIPC resources are derived by the Ministry of Finance and National Planning (MoFNP) from the Poverty Reduction Strategy Paper (PRSP).
The savings realised after accession to HIPC will be allocated to programmes and projects that are targeted to socio-economic empowerment of the poor populace.
This office shall also facilitate access to non-financial information relevant to HIPC monitoring.