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HIPCS |
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In fact, since 1985 the HIPCs [highly indebted poor countries] have been regular recipients of new funds to cover their debt service, as Carnegie Mellon economist Adam Lerrick shows in a new paper from Congress' Joint Economic Committee. Fourth, the "second track" of trade policy would also be mobilized by the granting of immediate free access to imports from the at-risk countries (LDCs, HIPCs and SSA). It owes some $30 billion to its foreign creditors, only slightly less than the combined debts of the seven qualified HIPCs. |
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