ecb speech, 2006-06-14
When it became clear that even the more concessional debt rescheduling and reduction mechanisms were still not sufficient to attain sustainable external debt levels, particularly in a number of African low-income countries, another key policy initiative was launched in 1996 by the IMF and the World Bank: the Heavily Indebted Poor Countries Initiative (HIPC).
Sentiment: neutral
Topic: mp_economic_activity