The World Bank's debt relief work is divided into two main categories: Multilateral and Bilateral Debt. In 1996, the World Bank and the IMF launched the Heavily Indebted Poor Countries (HIPC) ...

More than half of the world's low-income countries are either already in or nearing a high risk of debt distress, the World Bank has warned, calling on global leaders to adopt "radical debt ...

Spain and the World Bank have launched a new debt swap hub to make it easier for countries to obtain debt relief in exchange ...

The goal of ending extreme poverty around the globe remains elusive partly due to compounding challenges faced by economies ...

Spain announced the launch of the Debt Suspension Clause Alliance aimed at providing relief to sovereign borrowers during ...

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief. By Alan Rappeport Reporting from Washington Soaring inflation saddled ...

Deputy Managing Director of the International Monetary Fund (IMF), Dr Nigel Clarke, on Monday said the international ...

Opinion - Somalia has reached a historic milestone. On December 13, 2023, the International Monetary Fund (IMF) and the World Bank confirmed Somalia had hit the Heavily Indebted Poor Countries (HIPC) ...