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:
“As deaths have accumulated I have begun to think of life and death as a set of balance scales. When one is young, the scale is heavily tipped toward the living. With the first death, the first consciousness of death, the counter scale begins to fall. Death by death, the scales shift weight until what was unthinkable becomes merely a matter of gravity and the fall into death becomes an easy step.”
—Alison Hawthorne Deming (b. 1946)
“The greatest genius is the most indebted man.”
—Ralph Waldo Emerson (1803–1882)
“... nothing seems completely to differentiate the poor but poverty. We find no adjectives to fit them, as a whole, only those of which Want is the mother. “Miserable” covers many; “shabby” most, and I am sadly aware that, in a large majority of minds, “disagreeable” includes them all.”
—Albion Fellows Bacon (1865–1933)
“[W]e are all guilty in some Measure of the same narrow way of Thinking ... when we fancy the Customs, Dresses, and Manners of other Countries are ridiculous and extravagant, if they do not resemble those of our own.”
—Joseph Addison (1672–1719)