HIPC Help

In April, the country became the 12th to reach completion point under the enhanced Heavily Indebted Poor Countries (HIPC) initiative for debt relief. This has two major effects. First, it will have a direct impact on the level of resources available to the government for fighting poverty. Second, it will signal to potential investors, donors and creditors that the country's policy performance has been approved by the IMF and the World Bank. Overall, the news is very welcome. However, although the burden of debt servicing will be reduced, immense development challenges remain, and ongoing vulnerability to weather conditions remains a

To read the full article, please choose one of the following options: