WASHINGTON, D.C. — The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have decided to support US$1.2 billion in debt relief for Guinea-Bissau. In addition to debt relief agreed at the decision point under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC), the Boards of Directors of both institutions agreed to topping-up assistance, including from IDA and the African Development Bank (AfDB) Group, to further reduce the debt of Guinea-Bissau to 150 percent of exports at completion point. In reaching the HIPC completion point, Guinea-Bissau also became eligible for further debt relief under the Multilateral Debt Relief Initiative (MDRI).