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Author: Shonar Lala
Publisher: World Bank Publications
Keywords: hipc, initiative, update, evaluation, relief, poorest, debt
Number of Pages: 98
Published: 2006
ISBN-10: 0821366564
ISBN-13: 9780821366561

The Heavily Indebted Poor Countries (HIPC) Debt Initiative was established by the World Bank and the International Monetary Fund in 1996, in order to relieve the high external debt of some of the world's poorest nations. The initiative seeks to provide a permanent end to debt rescheduling, promote growth and release resources for social policies targeted at poverty reduction, as part of the overall development assistance framework. This publication updates progress made under the initiative since the evaluation undertaken in March 2003 ('Debt relief for the poorest: an OED review of the HIPC i
21098

Author: Madhur Gautam
Publisher: World Bank Publications
Keywords: hipc, initiative, review, oed, relief, poorest, debt
Number of Pages: 140
Published: 2003-05
ISBN-10: 082135521X
ISBN-13: 9780821355213

The Heavily Indebted Poor Countries (HIPC) Debt Initiative, a major innovation in development finance, was designed to relieve the high external debt of some of the world's poorest nations. The Initiative was put in place by the World Bank and the International Monetary Fund (IMF) in 1996 and enhanced in 1999. The HIPC Debt Initiative addresses a key obstacle to economic growth and poverty reduction, but it also contains multiple and overly-ambitious objectives.'Debt Relief for the Poorest' is an independent evaluation which assesses the progress and prospects of the HIPC Debt Initiative achie
21097

Author: Harold J. Johnson
Publisher: DIANE Publishing
Keywords: countries, debt, relief, initiative, hipc, indebted, status, heavily, developing, poor
Number of Pages: 88
Published: 1998-06-01
ISBN-10: 0788179225
ISBN-13: 9780788179228

In 1996 the World Bank & the International Monetary Fund, in response to a call from the leaders of the major industrial nations for a comprehensive approach to the debt problems of the poorest countries, proposed the Heavily Indebted Poor Countries (HIPC) Debt Initiative. The initiative reflects concerns of creditors, including the U.S., that, even after receiving debt relief through existing mechanisms, some poor countries will have debt burdens that remain too large relative to their ability to pay. This report: (1) describes the implementation of the HIPC initiative & (2) assesses the init
32455

Author: Unknown
Publisher: World Bank Publications
Keywords: indicators, development, african
Number of Pages: 397
Published: 2004-01-01
ISBN-10: 0821357204
ISBN-13: 9780821357200

African Development Indicators 2004 provides the most detailed collection of data on Africa available in one volume. It contains more than 500 macroeconomic, sectoral, and social indicators, covering 53 African countries with data from 1970-2002. The book is grouped into 15 chapters: background data; national accounts; prices and exchange rates; money and banking; external sector; external debt and related flows; government finance; agriculture; power, communications, and transportation; public enterprises; labor force and employment; aid flows; social indicators; environmental indicators; and
54015

Author: Carlos Alberto Primo Braga
Publisher: World Bank Publications
Keywords: challenges, ahead, learned, lessons, relief, debt
Number of Pages: 478
Published: 2009-05
ISBN-10: 0821378740
ISBN-13: 9780821378748

The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country's policies and institutions.In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief frame
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