Factsheet - Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative - 0 views
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Brian G. Dowling on 17 Oct 08The 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.