Source:
International Monetary Fund (IMF) |
Austria contributes €14.9 million to International Monetary Fund's (IMF) PRG-HIPC Trust in support of Somalia and Sudan Debt Relief
The HIPC Initiative was launched in 1996 by the IMF and World Bank, with the aim of ensuring that no poor country faces a debt burden it cannot manage
On December 16, 2022, Austria disbursed a €14.9 million grant (about US$15.8 million) for the International Monetary Fund's (IMF) Heavily Indebted Poor Countries (HIPC) Initiative. This contribution will allow the IMF to provide debt relief to Somalia and Sudan once all the conditions under HIPC have been met. The HIPC…
