Owing to inadequate results, the Initiative was accelerated and broadened in 1999. But it is still unable to solve the problem of debt.
Debt exceeds annual income from exports by more than one-third.
Their mountain of debt is more than 3 times greater than annual income earned from exports. This question can only be answered inconclusively at best. Debt was reduced by almost two-thirds. National budgets in the countries concerned will now have to bear only half the previous costs of servicing debt. But these are statistical averages.