Since several years, Khartoum continued to urge the international financial institutions and the international community alike to apply only technical requirements to offer debt relief to Sudan away from the political agenda saying it has met the requirements to benefit from Heavily Indebted Poor Countries
It also received significant debt write-downs under the International Monetary Fund's Heavily Indebted Poor Countries
Initiative/Multilateral Debt Relief Initiative in 2010.
It was established by African Finance Ministers in 2008 with the aim of helping Heavily Indebted Poor Countries
(HIPCs) in Africa to address primarily, the problems of creditor litigation.
Russia said poverty eradication was at the core of its policies in the area of international development, and announced that "under the Heavily Indebted Poor Countries
Initiative (HIPC), our country has written off over 20 billion US dollars of the principal debt owed by African countries alone.
The resolution stressed that "the UNHRC is convinced that performing the debt relief under the set initiative will not be enough if the heavily indebted poor countries
were wanted to be able to bear the burden of debt and achieve the goals of long-term growth as well as poverty reduction.
World Bank Country Manager Alexander Kremer expressed regret over refusal of Kyrgyzstan to join the Heavily Indebted Poor Countries
a result of the IMF/World Bank Heavily Indebted Poor Countries
In 1998, it became the first nation to be declared eligible for relief under the Heavily Indebted Poor Countries
Initiative, set up by the World Bank and International Monetary Fund.
The Kingdom has waived more than $6 billion in debt owed by LDCs and has contributed its full quota to Heavily Indebted Poor Countries
(HEPC) initiative of the International Monetary Fund," he said.
Finally, having qualified in March 2009 to be treated as one of the Heavily Indebted Poor Countries
, Ivory Coast is looking to the presidential poll to speed up its progress towards debt rescheduling or even relief of almost all the debt.
2 billion of debt relief for Haiti delivered by the IMF and other financial organizations in June 2009 under the Heavily Indebted Poor Countries
and Multilateral Debt Relief Initiatives.
The Congo began debt relief talks in 2001 with the World Bank and IMF, who manage the Heavily Indebted Poor Countries