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 achieving its objectives. This review makes recommendations which address the strategic issues confronting the Initiative.

Author: Gautam, Madhur
Publisher: The World Bank
Illustration: N
Language: ENG
Title: Debt Relief for the Poorest: An OED Review of the HIPC Initiative.
Pages: 00000 (Encrypted PDF)
On Sale: 2003-05-28
SKU-13/ISBN: 9780821355213
Lib Category: Debts, External - Developing countries
Lib Category: Debt relief - Developing countries
Category: Business & Economics : Development - Economic Development
Category: Political Science : Public Policy - Social Services & Welfar
Category: Business & Economics : Public Finance