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HEAVILY INDEBTED POOR COUNTRIES (HIPCS)

Statistics Directorate    
French Equivalent: Pays pauvre très endetté (PPTE)

Definition:
Heavily indebted poor countries (HIPCs) comprise a group of 41 developing countries classified as being heavily indebted poor countries.

The group includes 32 countries with a 1993 GNP per capita of $695 or less and whose 1993 present value of debt to exports is higher than 200 percent or whose present value of debt to GNP is higher than 80 percent (World Bank classification of severely indebted low-income countries).

Also, the group includes nine countries that have received concessional rescheduling from Paris Club creditors (or are potentially eligible for such rescheduling).

Source Publication:
External Debt Statistics: Guide for Compilers and Users (Draft), IMF, Washington DC, March 2000, Appendix III, Glossary of Terms.

Statistical Theme: Financial statistics - Financial flows to aid recipients

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 05, 2003