Heavily Indebted Poor Countries

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Heavily Indebted Poor Countries

The 40 least developed countries with a large amount of foreign debt. The IMF and the World Bank help heavily indebted poor countries restructure their debt by offering low interest loans and some forms of debt relief. The two organizations have offered this service since 1996.
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At the historic Gleneagles summit in July 2005, G8 leaders pledged to double assistance to Africa by 2010, while writing off the remainder of bilateral and multilateral debts owed by two dozen countries qualifying under the IMF and World Bank's Heavily Indebted Poor Country (HIPC) program.
* The cost of immunizing a child in heavily indebted poor country