In the spring of 2006, donors and shareholders approved International Development Associations (IDA's) participation in the Multilateral Debt Relief Initiative (MDRI), which provides 100 percent cancellation of eligible debt owed to IDA by countries reaching the completion point for the Heavily Indebted Poor Country (HIPC) initiative. The objectives of the MDRI are twofold: (i) deepening debt relief to HIPC while safeguarding the long-term financial...
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