Abstract
The Highly Indebted Poor Countries (HIPC) Initiative initiated mainly by the World Bank and the International Monetary Fund has two a features which distinguishes it from earlier attempts to deal with the external debt problem of developing countries. First unlike earlier strategies which resorted to dealing with bilateral or multilateral debt the HIPC initiative attempts to deal with the total debt. Secondly it recognizes that existence of poverty is a constraint to servicing debt.This paper analyses the HIPC initiative firm the context of Tanzania, a poor debt stressed and developing country and attempts to examine the country's indebtedness stance beyond the (HIPC) initiative. African Journal of Finance and Management Vol.9(1) 2001:1-13
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