The Lao People 's Democratic Republic has a proven track record for macroeconomic performance and meets the eligibility criteria , but the authorities have not availed themselves of HIPC debt relief.5 9 . For International Development Association ( IDA ) -only and Poverty Reduction and Growth Facility-eligible countries that have yet to benefit from the HIPC Initiative , IMF and the World Bank have extended the sunset clause of the Initiative , initially set for 2004 , until the end of 2006 .