The first step for a country to receive debt reduction in the HIPC initiative is to:
A) write a poverty reduction strategy paper.
B) establish a track record of good economic policies.
C) carry out specific policies for three years.
D) double its growth rate.

Question

Quizplus · Accepted Answer

The first step for a country to receive debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative is to establish a track record of good economic policies. This demonstrates the country's commitment to reform and its ability to effectively use debt relief for poverty reduction.

The First Step for a Country to Receive Debt Reduction