A growing number of commercial creditors and distressed debt funds are engaging in litigation against HIPC. This is a cause of concern for the international community.
Paris Club creditors have issued on 22 May 2007 a press release regarding the threats posed by some litigating creditors to heavily indebted poor countries.
The World Bank and IMF annual “HIPC and MDRI - Status of implementation” report includes an analysis of the impact of aggressive litigation on HIPC countries and a list of currently identified litigators against HIPC countries.
