On 20th June 2002, Mauritania became the sixth country to reach Completion Point under the enhanced HIPC initiative. As a result, Mauritania will receive a total of $1.1bn in debt relief ($622m in net present value terms.) Debt service payments will be cut from $88m before the start of the HIPC initiative in 1998, to an average of $35m in 2003 and $39m per year until 2011. This saving includes the additional 100% debt relief being provided by Mauritania's bilateral creditors. 

A full analysis of Mauritania's Completion Point deal will shortly become available on the Jubilee Research website.