Heavily Indebted Poor Countries (HIPC) Initiative

The Heavily Indebted Poor Countries (HIPC) Initiative is a global effort launched by international organizations to help the world's poorest nations reduce their massive debt burdens. Many poor countries borrow heavily to fund development, but struggle to repay, which hampers growth and social progress. HIPC provides these countries with debt relief, often through debt cancellations or restructuring, enabling them to free up resources for health, education, and infrastructure. The goal is to stabilize economies, promote sustainable growth, and improve the living standards of their populations.