Set up in 1996, the HIPC Initiative's prime goal was to reduce eligible countries' debt burdens to the thresholds established under the Initiative. In September 1999, the HIPC Initiative was enhanced in order to provide broader, deeper and faster debt relief. There are both costs and benefits...

The potential for remittances to reduce poverty and economic vulnerability, improve family welfare and stimulate economic development has been of special interest to the governments everywhere. For this to take place, the formulation and implementation of effective remittance-augmenting policies...