Paper Summary:

This paper review and analyzes the controversial program known as the Heavily Indebted Poor Countries Initiative (HPIC. The paper considers whether or not the program is really working or, like so many other failed IMF and World Bank initiatives, is letting the developing world down. The paper concludes that after reviewing the available literature, the HPIC has worked exceptionally well in some nations and has given those countries at least a partial lease on their own futures.

From the Paper:

"The next several pages will review a topic of great controversy - the Heavily Indebted Poor Countries Initiative (HPIC) and whether or not the program is really working or, like so many other failed IMF and World Bank initiatives, is letting the developing world down. After reviewing the available literature, it is fairly clear that, while far from perfect, the HPIC has worked exceptionally well in some nations and has given those countries at least a partial lease on their own futures. Undeniably, more international enthusiasm for the HPIC (especially from key lending..."

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