Eligibility for the HIPC Initiative Was Launched in 1996 with the Goal

question 4

Multiple Choice

Eligibility for the HIPC initiative was launched in 1996 with the goal to reduce foreign debt to sustainable levels.The IMF and World Bank estimated that the typical country that completed the program would see

• A) its debt reduced by one quarter and its debt-service ratio cut by one third.
• B) its debt reduced by one half and its debt-service ratio cut in half.
• C) its debt reduced by one third and its debt-service ratio cut by one third.
• D) its debt reduced by two thirds and its debt-service ratio cut in half.
• E) its debt reduced by three quarters and its debt-service ratio cut by two thirds.

---

Definitions:

Logistics Customer Service

Part of the supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer's requirements.

Marketing Perspective

An approach to business focusing on understanding and satisfying the needs and wants of customers through market research and strategic promotion.

Customer Relationship Management

A strategy for managing an organization's interactions with current and future customers, using data analysis about customers' history with a company to improve business relationships.

Stockout

A situation where inventory is exhausted and items are unavailable for sale or use, often resulting in lost sales or delays.