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The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and reform programs. To date, debt reduction packages have been approved for 33 countries, 27 of them in Africa, providing US$49 billion (net present value terms as of the decision point) in debt-service relief over time. Eight additional countries are potentially eligible for HIPC Initiative assistance and may wish to avail themselves of this debt relief.

Poverty Reduction Strategy Papers (PRSPs) are prepared by governments in low-income countries through a participatory process involving domestic stakeholders and external development partners, including the IMF and the World Bank. A PRSP describes the macroeconomic, structural and social policies and programs that a country will pursue over several years to promote broad-based growth and reduce poverty, as well as external financing needs and the associated sources of financing.George Clark said I should look into these.