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
Famous quotes containing the words heavily, indebted, poor and/or countries:
“...many men choose a wife amid the deft-fingered clerks in preference to the society misses. The woman clerk has studied the value of concentration, learned the lesson that incites to work when a burden bears heavily upon her strength. She knows the word of self- reliance, and the fine courage that springs from the consciousness that a good result has been accomplished by a well-directed effort.”
—Clara (Marquise)
“It is to the press mankind are indebted for having dispelled the clouds which so long encompassed religion, for disclosing her genuine lustre, and disseminating her salutary doctrines.”
—James Madison (1751–1836)
“Give me the free and poor inheritance
Of our own kind, not furniture
Of education, or the prophet’s pose,
The general cause of words, the hero’s stance,
The ambitions incommensurable with flesh,”
—Karl Shapiro (b. 1913)
“Do not require a description of the countries towards which you sail. The description does not describe them to you, and to- morrow you arrive there, and know them by inhabiting them.”
—Ralph Waldo Emerson (1803–1882)