The World Bank's debt relief work is divided into two main categories: Commercial Debt. In 1989, the Boards of IBRD and IDA approved the Debt Reduction Facility (DRF) for IDA-only countries funds, ...

that have established strong track records of performance under programs supported by the IMF and the World Bank and that are not expected to achieve a sustainable external debt situation even after ...

In 1996, a new debt relief initiative for the heavily-indebted poor countries—the HIPC Initiative—was launched by the IMF and the World Bank. 1 The HIPC Initiative was intended to resolve the debt ...

With the countdown to the end of his presidency underway, President Joe Biden has been fielding a variety of last-minute appeals to address an array of social and environmental issues—from ...

The International Debt Report (IDR) is an annual World Bank publication that provides policymakers and analysts aggregate and country-specific information on trends in external debt in low- and middle ...

One out of every six dollars the world ... debt restructurings particularly fraught in recent years. The bottom line: As Gill has written, "the poorest countries facing debt distress need debt ...

China is right to say that the World Bank and IMF need to engage in debt relief. Many African debtor countries think the same thing. Uzbekistan has made impressive development gains over the past ...

“Despite previous debt relief efforts, the underlying structural problems remain unaddressed, perpetuating a cycle of poverty and economic dependence. Zambia’s relationship with the World Bank ...