The HIPC initiative called for the abolition of the World Bank.

Question

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The HIPC (Heavily Indebted Poor Countries) initiative was designed to ensure that the poorest countries in the world are not overwhelmed by unmanageable or unsustainable debt burdens. It was not aimed at abolishing the World Bank but rather was a joint initiative launched by the World Bank and the International Monetary Fund (IMF) in 1996 to help the world's poorest, most heavily indebted countries.

The HIPC Initiative Called for the Abolition of the World