LYCOS RETRIEVER
Debt Relief: World Bank
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Never do business with a debt relief company that’s less than one year old. The rules in the debt management industry are ever-changing and becoming more stringent every year. You need to work with a company that already knows its way in the world, and has built a solid network of contacts and a credible reputation.
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Under these initiatives, thirty countries are receiving debt relief worth over US$63 billion in 2005 net present value terms (NPV). The World Bank's share is expected to total US$25 billion NPV: US$10 billion under HIPC and US$15 billion under the MDRI. Ten other countries are potentially eligible, if they qualify, this total could rise to about US$30 billion (NPV).
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