Status under enhanced HIPC initiative in Somalia
Somalia: Status under enhanced HIPC initiative was 3 in 2011. ▼ Falling
Status under enhanced HIPC initiative in Somalia, 2000–2011
Source: World Bank, Economic Policy and Debt Department.
Analysis
Somalia recorded 3 for status under enhanced hipc initiative in 2011. That is the lowest value across all 12 years on record.
That represents a change of down 25.0% over ten years.
Over the whole period, status under enhanced hipc initiative in Somalia peaked at 4 in 2000 and was at its lowest, 3, in 2006.
Somalia ranks 3rd of 42 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 12 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.6 | 3 | 4 | 10 |
| 2010s | 3 | 3 | 3 | 2 |
Countries ranked near Somalia
Frequently asked questions
- What is status under enhanced hipc initiative in Somalia?
- Status under enhanced hipc initiative in Somalia was 3 in 2011, according to World Bank, Economic Policy and Debt Department.
- What is the highest status under enhanced hipc initiative recorded in Somalia?
- The highest recorded value was 4 in 2000.
- What is the lowest status under enhanced hipc initiative recorded in Somalia?
- The lowest recorded value was 3 in 2006.
- How does Somalia rank for status under enhanced hipc initiative?
- Somalia ranks 3rd out of 42 countries with data for 2011.
- Is status under enhanced hipc initiative rising or falling in Somalia?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
- Where does this Somalia 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.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.