Concept information
Preferred term
debt relief
Definition
- Debt relief is generally understood as a joint initiative undertaken by the International Monetary Fund (IMF) and the World Bank to ensure that the debt burden of heavily indebted poor countries (HIPC) is manageable. The HPIC Initiative was launched in 1996 and modified through the enhanced initiative of 1999, which allowed for the provision of funds at a faster rate. [Source: The SAGE Encyclopedia of World Poverty; Debt Relief]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/debt_relief
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