Debt Management Capacity Building Programme for HIPC's



Contract partner: DRI - Debt Relief International Limited LondonCountry: Entwicklungsländer, unspezifisch Funding amount: € 900.000,00Project start: 01.10.2005End: 31.12.2009

Short Description:

Overall goal


Under the HIPC Initiatives, each HIPC has to engage in analysis with the Bretton Woods Institutions on the sustainability of its external debt. To qualify for relief, each HIPC also needs to demonstrate that it has a coherent strategy aiming to achieve long-term sustainability of its debt, and since 2005 its composition of external financing will be determined in considerable part by a long-term debt sustainability analysis.


In that context, the Governments of Austria, Canada, Denmark, Ireland, Sweden, Switzerland and the United Kingdom have been funding a HIPC Debt Strategy and Analysis Capacity-Building Programme (CBP). Its goal is for HIPC governments to improve their debt strategy formulation and implementation, contributing to poverty reduction through enhanced macroeconomic management. The objectives of the programme are: (i) to allow Heavily - lndebted Poor Country (HIPC) Governments to develop the full independent capacity to design and execute their own national debt strategies and (ii) to maintain a high level of overall debt management, during and beyond the HIPC initiative.


The programme has so far consisted of three phases since 1997, with funding for each approved by donors following positive independent reviews and based on strong demand for assistance from HIPCs. An evaluation of phase 3 has concluded that donors should fund a final phase.

project number1903-01/2006
source of fundingOEZA
sector Staatsführung & Zivilgesellschaft, allgemein
tied
modality
marker
  • Policy marker: are used to identify, assess and facilitate the monitoring of activities in support of policy objectives concerning gender equality, aid to environment, participatory development/good governance, trade development and reproductive, maternal, newborn and child health. Activities targeting the objectives of the Rio Conventions include the identification of biodiversity, climate change mitigation, climate change adaptation, and desertification.
    • 1= policy is a significant objective of the activity
    • 2= policy is the principal objective of the activity
  • Donor/ source of funding: The ADA is not only implementing projects and programmes of the Austrian Development Cooperation , but also projects funded from other sources and donors such as
    • AKF - Foreign Disaster Fund of the Austrian federal government
    • BMLFUW - Federal Ministry for Agriculture, Forestry, Environment and Water
    • EU - Funds of the European Commission
    • Others - various other donors are listed in ADA’s annual business report.
  • Type of Aid – Aid modalities: classifies transfers from the donor to the first recipient of funds such as budget support, core contributions and pooled programmes and funds to CSOs and multilateral organisations, project-type interventions, experts and other technical assistance, scholarships and student costs in donor countries, debt relief, administrative costs and other in-donor expenditures.
  • Purpose/ sector code: classifies the specific area of the recipient’s economic or social structure, funded by a bilateral contribution.
  • Tied/Untied: Untied aid is defined as loans and grants whose proceeds are fully and freely available to finance procurement from all OECD countries and substantially all developing countries. Transactions are considered tied unless the donor has, at the time of the aid offer, clearly specified a range of countries eligible for procurement which meets the tests for “untied” aid.