Heavily Indebted Poor Countries (HIPC) is a group of 39 developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank.
Read more about Heavily Indebted Poor Countries: History and Structure, Funding, Criticism, Response To Criticism
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“Down went the owners—greedy men whom hope of gain allured:
Oh, dry the starting tear, for they were heavily insured.”
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