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 ...

U.S. Bank recently announced a new credit card that offers a market-best introductory 0% APR on balance transfers and ...

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 ...

launched in April 2020 with support from the World Bank and International Monetary Fund (IMF) aims to support the world’s poorest countries in the fight against COVID-19 through the provision of ...

We call on the IMF and World Bank to cancel the debts of African ... trade unions remain firm in their demand, saying that “Debt relief is not charity, it is a necessity for economic justice ...

China is right to say that the World Bank and IMF need to engage in debt relief. Many African debtor countries think the same thing. Uzbekistan has made impressive development gains over the past ...

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 ...

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 ...

As of early 2025, several African nations have grappled with substantial external debt, but these solutions are available.