United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office National Security and International Affairs Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1998-09-30 monographic deposited born digital 91 p. GA 1.13:NSIAD-98-229 https://www.govinfo.gov/app/details/GAOREPORTS-NSIAD-98-229 P0b002ee18039fed4 f:ns98229 DGPO 2010-08-12 2011-03-23 GAOREPORTS-NSIAD-98-229 machine generated eng fdlp REPORT GAOREPORTS-NSIAD-98-229 NSIAD-98-229 International organizations Multinational corporations International economic relations Foreign economic assistance International cooperation Debt Foreign loans Foreign technical aid Developing countries Foreign aid programs Heavily Indebted Poor Countries Debt Initiative Heavily Indebted Poor Countries Debt Initiative Trust Fund Chapter Report NSIAD In response to a call from leaders of the major industrialized nations for a comprehensive approach to the debt problems of the poorest countries, the World Bank and the International Monetary Fund proposed the Heavily Indebted Poor Countries Debt Initiative in 1996. Creditors, including the United States, are concerned that some poor countries, even after receiving debt relief through existing mechanisms, will still have debt burdens too large for them to repay. The Initiative's goal is to bring countries' debts to levels that are sustainable, meaning that in the future indebted countries can make debt payments in time and without rescheduling. As a condition of receiving debt relief, countries must undertake economic and social reforms. This report (1) describes the implementation of the Initiative and (2) assesses the Initiative's potential to achieve its stated goal. https://www.govinfo.gov/content/pkg/GAOREPORTS-NSIAD-98-229/html/GAOREPORTS-NSIAD-98-229.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-NSIAD-98-229/pdf/GAOREPORTS-NSIAD-98-229.pdf GAO/NSIAD-98-229 https://www.govinfo.gov/app/details/GAOREPORTS-NSIAD-98-229 Chapter Report GAO/NSIAD-98-229; Developing Countries: Status of the Heavily Indebted Poor; International organizations Multinational corporations International economic relations Foreign economic assistance International cooperation Debt Foreign loans Foreign technical aid Developing countries Foreign aid programs Heavily Indebted Poor Countries Debt Initiative Heavily Indebted Poor Countries Debt Initiative Trust Fund