G8 Sea Island Debt Sustainability for the Poorest: Statement

Sectors : Debt relief
Organisation : G8
Date made: 

Commitments in: Financing for Development - Debt relief

“...We are committed to fully implementing the HIPC initiative and to supporting debt sustainability in the poorest countries through debt relief and grant financing. To that end, we have asked our Finance Ministers to:

??Work with other donors and the international financial institutions to extend the sunset date of the HIPC initiative until December 31, 2006 and to provide the necessary financing for completion of the initiative, including topping up where appropriate.

??Consider measures that can further help the poorest countries address the sustainability of their debt.”