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Samples in periodicals archive:
The Debt Reduction Grant supported Liberia s efforts to implement a commercial debt reduction strategy, in the context of the Heavily Indebted Poor Country (HIPC) Initiative.
Most of the remaining debt will be cancelled when Liberia reaches its Completion Point under the Heavily Indebted Poor Country (HIPC) initiative, probably in 2010," the 185-nation lender said.
At the historic Gleneagles summit in July 2005, G8 leaders pledged to double assistance to Africa by 2010, while writing off the remainder of bilateral and multilateral debts owed by two dozen countries qualifying under the IMF and World Bank's Heavily Indebted Poor Country (HIPC) program.