Skip to main content
 
  • Click to open or close the program search boxShow Me Programs
    • Show me the programs that are
      performing Go
    • Show me the programs that are
      not performing Go
ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

View Assessment Details

Debt Restructuring for Heavily Indebted Poor Countries

The Enhanced Heavily Indebted Poorest Countries (HIPC) Initiative reduces the debt of the poorest countries with unsustainable debt burdens. This program provides deeper, broader, and faster debt reduction for the poorest heavily indebted countries committed to economic reform and poverty reduction.

Rating

What This Rating Means

PERFORMING
Moderately Effective

In general, a program rated Moderately Effective has set ambitious goals and is well-managed. Moderately Effective programs likely need to improve their efficiency or address other problems in the programs' design or management in order to achieve better results.
  • The Enhanced Heavily Indebted Poorest Country Initiative has made significant changes to provide deeper debt reduction for more countries, to allow for faster debt relief depending on country performance, and to encourage increased expenditures related to poverty reduction.
  • Since this initiative was launched, there has been substantial progress in the number of countries that have qualified for debt relief, the reduction of debt burdens, and increases in poverty-reducing expenditures.
  • However, improvements are needed to assure that disbursements between Treasury and creditor agency accounts are timely.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Devise a program efficiency measure to improve record keeping of debt reduction obligations and outlays between Treasury and creditor agencies.
  • Develop proposals for increasing the number of creditors that make use of the World Bank/IMF Debt Sustainability Framework in their decisions about lending to low-income countries.
  • Develop an improved system of subsidy outlay from the debt reduction program account to the debt reduction financing accounts.

Learn More
The content on ExpectMore.gov is developed by the U.S. Office of Management and Budget and Federal agencies.