Initiative for Liquidation of Heavily Indebted Poor Countries’ [= HIPC] indebtness

A process initiated by the International Monetary Fund and the World Bank to reduce the external debt of particularly poor countries. Initially introduced almost unconditionally, from 2006 countries in which corruption is widespread, such as Kenya and Chad, were excluded. – Cf. 2002 Annual Report of the Deutsche Bundesbank, p. 115.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/