Heavily Indebted Poor Countries

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)

    The Right Honourable gentleman is indebted to his memory for his jests, and to his imagination for his facts.
    Richard Brinsley Sheridan (1751–1816)

    I’ve studied now Philosophy
    And Jurisprudence, Medicine—
    And even, alas! Theology—
    From end to end with labor keen;
    And here, poor fool! with all my lore
    I stand, no wiser than before.
    Johann Wolfgang Von Goethe (1749–1832)

    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)