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Developing Countries: Debt Relief Initiative for Poor Countries Faces Challenges

NSIAD-00-161 Published: Jun 29, 2000. Publicly Released: Jun 29, 2000.
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Highlights

Pursuant to a congressional request, GAO: (1) assessed whether the enhanced Heavily Indebted Poor Countries Initiative (HIPC) is likely to free up resources for poverty reduction and achieve the goal of debt sustainability; (2) described the strategy to strengthen the link between debt relief and poverty reduction and how this strategy is to be implemented; and (3) described the challenges creditors face in fully funding the enhanced initiative.

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International Affairs
DebtDeveloping countriesEconomic developmentEconomically depressed areasForeign economic assistanceForeign loansIndebtedness waiversInternational economic relationsStrategic planningEconomic growth