Eighteen of the world's poorest countries will receive debt relief totaling about $55 billion from the International Monetary Fund and World Bank.Eighteen of the world's poorest countries will receive debt relief totaling about $55 billion from the International Monetary Fund and World Bank. The measures were approved in late September September: see month. , and the G8 nations--Germany, Italy, Japan, Russia, and the U.S.--will foot the bill. Fourteen of the 18 countries are in Africa, and an additional 20 countries may qualify in the future under the plan, The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times reports. Eligibility will be based on a formala that will apply the same standards to all countries, based on per capita income Noun 1. per capita income - the total national income divided by the number of people in the nation income - the financial gain (earned or unearned) accruing over a given period of time and standards for good governance The terms governance and good governance are increasingly being used in development literature. Governance describes the process of decision-making and the process by which decisions are implemented (or not implemented). . |
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