01742cas a2200253 a 4500 AALejournalIMF000323 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844108 1018-5941 BD-DhAAL BD-DhAAL Thugge, Kamau. Debt Relief for Low-Income Countries and the HIPC Initiative / Kamau Thugge, Anthony Boote. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper describes the debt burden of low-income countries and the traditional mechanisms that have been implemented by the international community to alleviate this burden. While these mechanisms are sufficient to reduce the external debts of many heavily indebted poor countries (HIPCs) to sustainable levels provided these countries implement sound economic policies, they are likely insufficient for a number of countries. To deal with these cases, the World Bank and the IMF have jointly proposed and implemented the HIPC Initiative. The paper describes this Initiative and suggests that it should enable HIPCs to exit from the debt rescheduling process. Mode of access: Internet Boote, Anthony. IMF Working Papers; Working Paper ; No. 1997/024 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/024/001.1997.issue-024-en.xml IMF e-Library