HIPC
(Heavily Indebted Poor Country Initiative)
INTRODUCTION

INTRODUCTION
The World Bank and IMF launched the Heavily Indebted Poor Country (HIPC) initiative in 1996 in response to campaigners all over the world enraged at the injustice of poor country debts owed to the richest nations.

The goal being that countries owing money could see their debt repayments reduced to a financially affordable level. The HIPC initiative was never about cancelling debts to reduce poverty but rather, so that they were reduced to a level that could be paid back without risking the debtors financial ruin.

HIPC relies on the governments of creditor countries such as the UK contributing their full share to a debt relief fund, while each country applying for assistance begins to follow a set of economic and poverty reduction policies approved by the IMF (conditionalities). Countries then begin the arduous task of graduating two HIPC stages:-
click here for a guide to the stages each country must go through to recieve HIPC debt relief

HIPC COUNTRY PROFILES
To view each HIPC country's profile and documents
click here