The HIPC Initiative: A Collaborative Effort to Disentangle Poor Countries from Debt-Poverty Trap

Godwin, Moye
March 2007
PA Times;Mar2007, Vol. 30 Issue 3, Special section p4
Trade Publication
The article reports on the launch of the Highly Indebted Poor Countries by World Bank and International Monetary Fund as a comprehensive plan to disentangle selected least developed countries from the debt-poverty trap. The initiative is intended to provide recipients with sufficient debt relief to resolve their debt problems and free up resources to be spent on poverty alleviation. The initiative is composed of the debt relief, policy reforms, and pro-poor expenditures.


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