Can you tell me more on the pros and cons of this debt program? I do not see a lot of info on this topic. From: At the time the HIPC Initiativewas being developed, some critics argued it fell short and that the need for debt relief was obvious 10 years earlier. They believed that the situation for some countries was so grim that entire exter- nal indebtedness, not just half, should be written off. Do you think the World Bank and the IMF should write off the entire debt of countries? What are the pros and cons ofthis approach for debt relief? Source:ISBN: 013299805X | Title: International Business | Publisher: Prentice Hall