Meaning of “HIPC” in the English Dictionary

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"HIPC" in Business English

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HIPCnoun [ plural ]


abbreviation for heavily indebted poor countries: countries without much money whose governments owe a lot of money to other countries and international banks:

Under the HIPC Initiative, the poorest states get financial help from the International Monetary Fund to spend on programmes to combat poverty.

(Definition of “HIPC” from the Cambridge Business English Dictionary © Cambridge University Press)