The HIPC Intitiative : The Goals, Additionality, Eligibility, and Debt Sustainability
The Highly Indebted Poor Country (HIPC) initiative has identified the cycle of debt rescheduling and restructurings of many of the poorest countries as a serious development problem. It has mobilized the lender community to restructure loans with t...
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Language: | English en_US |
Published: |
World Bank, Washington, DC
2014
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Online Access: | http://documents.worldbank.org/curated/en/2002/06/19577217/hipc-intitiative-goals-additionality-eligibility-debt-sustainability-hipc-intitiative-goals-additionality-eligibility-debt-sustainability http://hdl.handle.net/10986/19061 |
Summary: | The Highly Indebted Poor Country (HIPC)
initiative has identified the cycle of debt rescheduling and
restructurings of many of the poorest countries as a serious
development problem. It has mobilized the lender community
to restructure loans with the aim of generating debt
sustainability: the elimination of chronic debt repayment
problems. The initiative encourages much more coordination
among the community of lenders, in particular between the
World Bank and International Monetary Fund (IMF). It also
calls for much greater transparency and involvement of the
civil community than has occurred before. The initiative has
introduced new and much improved measurements of the debt
burdens of developing countries. |
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