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"Factsheet Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative September 22, 2009 The Joint IMF-World Bank's comprehensive approach to debt reduction is designed to ensure that no poor country faces a debt burden it cannot manage. To date, debt reduction packages under the HIPC Initiative have been approved for 35 countries, 29 of them in Africa, providing US$51 billion in debt-service relief over time. Five additional countries are potentially eligible for HIPC Initiative assistance. Debt relief key to poverty reduction The HIPC Initiative was launched in 1996 by the IMF and World Bank, with the aim of ensuring that no poor country faces a debt burden it cannot manage. Since then, the international financial community, including multilateral organizations and governments have worked together to reduce to sustainable levels the external debt burdens of the most heavily indebted poor countries. In 1999, a comprehensive review of the Initiative allowed the Fund to provide faster, deeper, and broader debt relief and strengthened the links between debt relief, poverty reduction, and social policies. In 2005, to help accelerate progress toward the United Nations Millennium Development Goals (MDGs) , the HIPC Initiative was supplemented by the Multilateral Debt Relief Initiative (MDRI) . The MDRI allows for 100 percent relief on eligible debts by three multilateral institutions-the IMF, the World Bank, and the African Development Fund (AfDF)-for countries completing the HIPC Initiative process. In 2007, the Inter-American Development Bank (IaDB) also decided to provide additional ("beyond HIPC") debt relief to the five HIPCs in the Western Hemisphere. Two step process Countries must meet certain criteria, commit to poverty reduction through policy changes and demonstrate a good track-record over time. The Fund and Bank provide interim debt relief in the initial st

BBCs Series "Develop or Die" looks at Developing Countries around Asia, and the different challenges each face to continue their development amindst Global Concerns about Climate Change, CO2 Emissions, increasing Pollution, and public demand for increased sustainable development both in developed Countries but also the rapidly developing regions of the Planet. In this Episode Malaysia (Part 1 of 2) highlights the challenges faced as transport and construction boom, while in Part 2 Vietnam sets an example with regard to the increasing Tourist Industry in Asia.

"China: a decade of change - interactive timeline As the communist party prepares for a changing of the guard, we look at the key events in the last 10 years that have shaped the world's most populous country. A next generation of politicians will be facing entirely new challenges across all sectors, from the economy to civil unrest. Scroll through the timeline to explore the defining moments of the first decade of the 21st century"

Ageing China: Changes and challenges

Climate change: a development challenge Climate change: building the resilience of poor rural communities Desertification Fighting water scarcity in the Arab countries Fighting rural poverty: the role of ICTs Food prices: Smallholders can be part of the solution The future of world food security Land tenure security and poverty reduction Linking land and water governance Remittances Rural finance: Small amounts making a big difference Women

Great article by two UN staff that actually write the HDI reports on some methodology.  Quick, easy, and interesting read about the flaws of the data.  Great "peak behind the curtain"

[Submitted by Ali Bowers]