Download Debt Reporting Template

Reporting on HIPC/MDRI
Debt Relief Delivery by MDBs
Luca Bandiera
MDB Meeting on Debt Issues
July 8 & 9, 2009
When last we met . . .
• Participants endorsed simplified approach to data
collection/reporting
– Clear rationale, context & objectives
• Captures
–
–
–
–
Aggregated data on country basis
Flows before & after HIPC/MDRI
NPV of debt & stock of debt in nominal terms
Arrears
• Either template (single worksheet) or own
reporting format acceptable
• PRMED committed to process data and publish in
Annual HIPC/MDRI Status of Implementation
Report
What type of data?
•
•
•
•
Debt service due before relief on debt outstanding at DP
Debt service due before HIPC relief (historical and projected)
HIPC relief (historical and projected)
Debt service due after HIPC relief (historical and projected)
• End of period stock of debt outstanding, excluding arrears (to
end-2008) before HIPC relief
– Stock of principal arrears before HIPC relief
– Stock of interest arrears before HIPC relief
• End of period stock of debt outstanding
– Stock of principal arrears after HIPC relief
– Stock of interest arrears after HIPC relief
• New disbursements for each year
Priority data for HIPC/MDRI report
• Original request made on 28 May
• Urgent request on 24 June for subset of
original data:
– Debt service due before relief on debt
outstanding at DP
– Debt service due before HIPC relief (historical
and projected)
– HIPC relief (historical and projected)
• In whatever format is most convenient
• We’ll process the data either way
Outcome?
• Out of the 25 MDBs that have committed
or are delivering HIPC relief
– 11 have provided data (44%)
• Of which, AfDB, IaDB, IMF & WB (a given)
• Therefore, only 7 newly compliant MDBs
• Accounting for 94% of committed relief
– 14 have not reported
• Of which 4 have acknowledged and are in process
of delivering (AFESD, CDB, IFAD & OFID)
• And 10 have not acknowledged request despite
repeated reminders, etc.
• Doesn’t account for 8 uncommitted MDBs!
Snapshot from draft report
HIPC Creditors
Delivering or Committed to Deliver Debt Relief
World Bank Group
African Development Bank (AfDB) Group
International Monetary Fund (IMF)
Inter-American Development Bank (IaDB)
European Union/European Investment Bank (EU/EIB)
Central American Bank for Economic Integration (CABEI)
International Fund for Agricultural Development (IFAD)
Arab Bank for Economic Development in Africa (BADEA)
OPEC Fund for International Development (OFID)
Islamic Development Bank (IsDB) 2/
Corporación Andina de Fomento (CAF)
Arab Fund for Social and Economic Development (AFESD)
Caricom Multilateral Clearing Facility (CMCF)
West African Development Bank (BOAD)
Asian Development Bank (AsDB)
Nordic Development Fund (NDF)
Fund for the Financial Development of the River Plate Basin (FONPLATA)
Caribbean Development Bank (CDB)
Arab Monetary Fund (AMF)
Central Bank of West African States (BCEAO)
Nordic Investment Bank (NIB)
East African Development Bank (EADB)
Shelter Afrique
Banco Interamericano de Ahorro y Préstamo (BIAPE)
Uncommitted MDBs (total of 8)
TOTAL
COMMITTED (NPV)
Costs ($m) %/total
21,255
99.7
10,641
49.9
2,889
13.6
3,046
14.3
1,728
8.1
741
3.5
757
3.6
397
1.9
257
1.2
225
1.1
140
0.7
138
0.6
0.0
89
0.4
66
0.3
0.0
41
0.2
37
0.2
26
0.1
18
0.1
9
0.0
5
0.0
5
0.0
1
0.0
0
0.0
61
0.3
21,316
100.0
DELIVERED (NPV)
Costs ($m) %/total
10,095
47.5
5,040
47.4
1,422
49.2
1,672
54.9
735
42.5
686
92.6
380
50.2
..
…
..
…
..
…
140
100.0
..
…
..
…
..
…
..
…
..
…
16
39.8
..
…
..
…
..
…
..
…
5
85.9
..
…
..
…
..
…
0.0
10,095
47.5
Status and next step
• All data received to date has been
processed and will be an input for the
HIPC/MDRI Status of Implementation
Report for 2009
– Will publish with or without any outstanding data
• ‘Drop-dead’ deadline to submit is 14 July
– No exceptions > subject to Bank internal review process
• Further processing of data, involving
whole dataset, is planned
In sum
• Exercise more successful than past
attempts
• Thankful for support received
• Critical mass in terms of committed
relief has been achieved, BUT
• . . . not in terms of numbers of MDBs
• ‘collective action’ is the catchword and
the goal – absence of data conspicuous
• A process that is likely to improve over
time – and worthwhile to continue
Thanks !
For assistance, please contact
Thor-Jurgen ([email protected]) and Luca
([email protected])