Heavily Indebted Poor Countries
Heavily Indebted Poor Countries (HIPC) are a group of developing countries with high levels of poverty and debt that are eligible for special assistance from the World Bank and the International Monetary Fund. The HIPC Initiative, launched by the World Bank and the IMF in 1996, is the first international response to provide comprehensive debt relief to the world's poorest, most heavily indebted countries. The HIPC Initiative currently identifies 39 countries, most of them in Sub-Saharan Africa, as potentially eligible to receive debt relief.
(See also Classification of Countries.) The World Bank Group classifies high-income economies as those countries with a gross national income per capita of $12,746 or more.
HIV and AIDS
The World Bank pioneered global human immunodeficiency virus (HIV) and acquired immune deficiency syndrome (AIDS) financing early in the emergency and remains committed to achieving Millennium Development Goal 6, to halt by 2015 and begin to reverse the spread of HIV and AIDS, through prevention, care, treatment, and mitigation services for those affected by HIV and AIDS.
The World Bank helps define the global response to HIV and AIDS and contributes to the achievement of the 2015 Millennium Development Goals. As a co-sponsor of the Joint United Nations Program on HIV/AIDS (UNAIDS), the Bank embraces the vision "Zero new HIV infections. Zero discrimination. Zero AIDS-related deaths." However, it also brings to the AIDS response its unique cross-sectoral expertise.
The World Bank offers to countries financing and specialized technical support and knowledge for effective prevention of new HIV infections, care and treatment for people living with HIV/AIDS, and alleviation of social and economic consequences for affected communities.
Upon request from national governments (and as part of the World Bank Country Partnership Strategies developed with the countries), the Bank provides financing (grants, credits, and loans) for HIV/AIDS programs. Financing can be provided through stand-alone projects or (more typically) integrated with broader health sector financing; it can also be provided through results-based financing for health systems strengthening or through financing for projects including infrastructure, transport, or urban development.
Since 1989, World Bank financing for HIV and AIDS has totaled more than $5 billion. As of fiscal 13, the World Bank's active portfolio for HIV/AIDS stands at $1.5 billion.
The World Bank also helps countries do "better for less" through actionable analytical work and technical assistance, helping countries improve the implementation, efficiency, effectiveness, and sustainability of their own national AIDS responses. The Bank supports analytical work to help countries maximize their HIV resource allocations and identify what to invest in: allocative efficiency, effectiveness studies, financing and sustainability studies, and/or national strategic planning. The Bank also supports countries in their efforts to understand how to better deliver HIV services and to attain the quality standards and coverage levels targeted in their national strategic plans. The Bank works with stakeholders to improve evidence related to HIV prevention and engages in key sectors such as education, transport, energy, and infrastructure.