Country data and document
Madagascar
DEBT RELIEF INITIATIVES AND IMMUNIZATION FINANCING
Since 2000 Madagascar is benefiting from debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The sum of forgone debt service will amount to approximately US$1.9 billion over time. Moreover, debt stock cancellations granted by the International Development Association, the International Monetary Fund and the African Development Fund under the Multilateral Debt Relief Initiative (MDRI) in 2006 are supposed to result in additional savings of US$ 2.4 billion.
The Government committed to allocate resources made available from debt relief to priority expenditures in the fight against poverty as outlined in the Madagascar Action Plan (MAP).