The Resource Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative

Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative

Label
Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative
Title
Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative
Contributor
Subject
Language
eng
Summary
In response to a call from the leaders of the major industrial nations for a comprehensive approach to the debt problems of the poorest countries, the World Bank and the International Monetary Fund (IMF) proposed the Heavily Indebted Poor Countries (HIPC) Debt Initiative in 1996. The initiative reflects concerns of creditors, including the United States, that, even after receiving debt relief through existing mechanisms, some poor countries will have debt burdens that remain too large relative to their ability to pay. The stated goal of the HIPC initiative is to bring countries debts to levels that are sustainable, meaning that in the future they can make debt payments on time and without rescheduling. As a condition of receiving debt relief, countries undertake economic and social reforms. Expressing concern about whether the HIPC initiative could realistically be expected to solve these poor countries' debt problems and whether they are likely to need further debt relief in the future, the Chairman of the Subcommittee on International Economic Policy, Export and Trade Promotion, Senate Committee on Foreign Relations, asked GAO to review the HIPC initiative. As requested, thIs report (1) describes the implementation of the HIPC initiative and (2) assesses the initiative's potential to achieve its stated goal. Because it is still relatively early in the implementation of the HIPC initiative, this report presents a preliminary assessment of its likely effects
Cataloging source
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL AFFAIRS DIV
http://library.link/vocab/subjectName
  • Developing nations
  • Foreign policy
  • Economics
  • Government(foreign)
  • International relations
  • Foreign aid
  • Economics and Cost Analysis
  • Government and Political Science
Label
Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative
Instantiates
Publication
Note
Report to the Chairman, Subcommittee on International Economic Policy, Export and Trade Promotion, Committee on Foreign Relations, U.S. Senate
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Extent
89 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)227880692
  • (OCoLC)ocn227880692
Label
Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative
Publication
Note
Report to the Chairman, Subcommittee on International Economic Policy, Export and Trade Promotion, Committee on Foreign Relations, U.S. Senate
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Extent
89 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)227880692
  • (OCoLC)ocn227880692

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