Marcelino, Sandra; Hakobyan, Ivetta - International Monetary Fund (IMF) - 2014
In 1996, the IMF and the World Bank introduced the Heavily Indebted Poor Countries Initiative—a comprehensive debt … relief program aimed at reducing the external debt burden of eligible countries to sustainable levels, provided they carry … out strong programs of macroeconomic adjustment and structural reforms designed to promote growth and reduce poverty. Now …