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:
“I cannot think this creature died
By storm or fish or sea-fowl harmed
Walking the sea so heavily armed;
Or does it make for death to be
Oneself a living armoury?”
—Andrew Young (1885–1971)
“I was in love with a beautiful blonde once. She drove me to drink. That’s the one thing I’m indebted to her for.”
—Otis Criblecoblis, U.S. screenwriter. W.C. Fields (W.C. Fields)
“It is the poor man who’ll ever count his flock.”
—Ovid (Publius Ovidius Naso)
“Yes, but I do not travel to find comfortable, rich, and hospitable people, or clear sky, or ingots that cost too much. But if there were any magnet that would point to the countries and houses where are the persons who are intrinsically rich and powerful, I would sell all, and buy it, and put myself on the road to-day.”
—Ralph Waldo Emerson (1803–1882)