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World Bank Group Timeline

March 28, 2006

Multilateral Debt Relief Initiative (MDRI) approved

To help accelerate progress toward the United Nations' Millennium Development Goals (MDGs), the Heavily Indebted Poor Countries (HIPC) initiative is supplemented by the Multilateral Debt Relief Initiative (MDRI). Under the MDRI, IDA is expected to provide about $37 billion in debt relief over 40 years to some of the world’s poorest countries. This is in addition to the $17 billion of debt relief already committed by IDA under the HIPC initiative.

Resource Gallery

IDA's Implementation of the Multilateral Debt Initiative

Document date: March 14, 2016
These volumes cover features, modalities, and arrangements related to the implementation of the MDRI.

IDA Board of Governors Resolution, No. 211

Document date: Sept. 24, 2005
The resolution concerns an increase in IDA's resources as part of a commitment to provide compensation for debt cancellation under the MDRI.

Press release -- World Bank approves US$37 million for Multilateral Debt Relief Initiative (MDRI)

March 28, 2006
The press release explains how the IDA Board of Governors will consider and vote on a resolution of approval (online resource).

Interview with Geoffrey B. Lamb

Interview date: Nov. 18, 2007
Lamb discusses the MDRI negotiations on page 71 of the transcript.