The First Step for a Country to Receive Debt Reduction

question 17

Multiple Choice

The first step for a country to receive debt reduction in the HIPC initiative is to:

• A) write a poverty reduction strategy paper.
• B) establish a track record of good economic policies.
• C) carry out specific policies for three years.
• D) double its growth rate.

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Definitions:

Qualified Expenses

Costs recognized by the IRS for specific tax benefits, such as education-related expenses eligible for tax credits.

Dependent

An individual, usually a child or spouse, who relies on another person for more than half of his or her financial support and qualifies for potential tax benefits on the caregiver's tax return.

Tuition

The fee paid for instruction or teaching, typically charged by educational institutions for course enrollment.

Meal Plan

A pre-paid account or arrangement typically offered by institutions like colleges that allows students to pay in advance for meals at on-campus dining facilities.