As a result of the HIPC initiative,the World Bank argues the foreign debt of the HIPC countries were comparable to foreign debt burdens in other developing countries at
A) debt-to-export ratios at about 142% and debt to GDP ratios at about 35%.
B) debt-to-export ratios at about 130% and debt to GDP ratios at about 30%.
C) debt-to-export ratios at about 122% and debt to GDP ratios at about 25%.
D) debt-to-export ratios at about 112% and debt to GDP ratios at about 35%.
E) debt-to-export ratios at about 102% and debt to GDP ratios at about 25%.

Question

Quizplus · Accepted Answer

The HIPC (Heavily Indebted Poor Countries) initiative aimed to bring the debt burdens of the world's poorest countries to sustainable levels. After the initiative, the World Bank argued that the foreign debt of HIPC countries became comparable to other developing countries, with debt-to-export ratios at about 142% and debt to GDP ratios at about 35%. This comparison indicates a significant reduction in the debt burden, making it more manageable and comparable to the average levels seen in other developing nations.

As a Result of the HIPC Initiative,the World Bank Argues