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General News of Tuesday, 28 May 2024

    

Source: www.ghanaweb.live

Full list: Ghana and 36 other countries under the HIPC initiative

Heavily Indebted Poor Countries (HIPC) Heavily Indebted Poor Countries (HIPC)

The Heavily Indebted Poor Countries (HIPC) Initiative, started by the World Bank, IMF, and other creditors in 1996, aims to alleviate unmanageable debt burdens in the world's poorest countries.

To qualify, countries must face unsustainable debt after traditional relief efforts, be eligible for concessional aid from IDA and IMF's PGRT, demonstrate a history of reforms and sound policies, and develop

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