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)
“The Right Honourable gentleman is indebted to his memory for his jests, and to his imagination for his facts.”
—Richard Brinsley Sheridan (1751–1816)
“Give me the free and poor inheritance
Of our own kind, not furniture
Of education, or the prophet’s pose,
The general cause of words, the hero’s stance,
The ambitions incommensurable with flesh,”
—Karl Shapiro (b. 1913)
“The contention that a standing army and navy is the best security of peace is about as logical as the claim that the most peaceful citizen is he who goes about heavily armed. The experience of every-day life fully proves that the armed individual is invariably anxious to try his strength. The same is historically true of governments. Really peaceful countries do not waste life and energy in war preparations, with the result that peace is maintained.”
—Emma Goldman (1869–1940)