The purpose of this work is to help them fight against poverty and contribute to the achievement of the Sustainable Development Goals (2015-2030). The World Bank's debt relief work is divided into two ...

In 1996, a new debt relief initiative for the heavily-indebted poor countries—the HIPC Initiative—was launched by the IMF and the World Bank. 1 The HIPC Initiative was intended to resolve the debt ...

After HIPC debt relief is taken into account, their debt service obligations will fall to less than $2 billion per year (of which 10 percent is owed to the World Bank and 12 percent to IMF). In ...

The significant health progress made over the past decade in Central, Eastern, Southern and West Africa—where many countries ...

The International Debt Report (IDR) is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the low- and middle-income countries that report to the ...

WORKERS across Africa have called on the International Monetary Fund (IMF) and the World Bank to cancel debts owed by African nations, arguing that the financial burdens threaten the future of unborn ...

CAPE TOWN, Feb 25 (Reuters) - The debt crisis facing the world's poorest ... covering major events such as IMF World Bank meetings in Washington, the World Economic Forum in Davos, OPEC meetings ...

The World Bank’s 2021 report on public-debt transparency in low-income countries anticipated ... Eligibility criteria for the provision of debt relief could include minimum transparency requirements ...

If you came into 2025 feeling the strain of debt, you weren't alone. By the end of 2024, consumers carried a record $18.04 trillion in debt, according to the Federal Reserve Bank of New York.