Status under enhanced HIPC initiative in Eritrea
Eritrea: Status under enhanced HIPC initiative was 3 in 2011. ▬ Flat
Status under enhanced HIPC initiative in Eritrea, 2006–2011
Source: World Bank, Economic Policy and Debt Department.
Analysis
In 2011, status under enhanced hipc initiative in Eritrea stood at 3. That is the highest value across all 6 years on record.
That represents a change of unchanged over ten years.
Eritrea ranks 3rd of 42 countries on this measure, in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3 | 3 | 3 | 4 |
| 2010s | 3 | 3 | 3 | 2 |
Countries ranked near Eritrea
Frequently asked questions
- What is status under enhanced hipc initiative in Eritrea?
- Status under enhanced hipc initiative in Eritrea was 3 in 2011, according to World Bank, Economic Policy and Debt Department.
- What is the highest status under enhanced hipc initiative recorded in Eritrea?
- The highest recorded value was 3 in 2006.
- What is the lowest status under enhanced hipc initiative recorded in Eritrea?
- The lowest recorded value was 3 in 2006.
- How does Eritrea rank for status under enhanced hipc initiative?
- Eritrea ranks 3rd out of 42 countries with data for 2011.
- Is status under enhanced hipc initiative rising or falling in Eritrea?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Eritrea data come from?
- The figures come from World Bank, Economic Policy and Debt Department, published as part of Status under enhanced HIPC initiative. Statizoid updates them automatically from the source API.
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About this data
Indicator shows the status of heavily indebted poor countries country under the enhanced HIPC initiative. Heavily indebted poor countries reach HIPC decision point if they have a track record of macroeconomic stability, have prepared an Interim Poverty Reduction Strategy through a participatory process, and have cleared or reached an agreement on a process to clear, the outstanding arrears to multilateral creditors. The amount of debt relief necessary to bring countries’ debt indicators to HIPC thresholds is calculated, and countries begin receiving debt relief. Heavily indebted poor countries reach HIPC completion point if they maintain macroeconomic stability under a Poverty Reduction and Growth Facility (PRGF) supported program, carry out key structural and social reforms agreed on at the decision point, and implement satisfactorily Poverty Reduction Strategy for one year. Debt relief is then provided irrevocably by the country’s creditors.