| Author: | Howell, K. |
| Title: | Effects of lending to developing countries by the bank for international settlements, the IMF, the world bank and bilateral private sources |
| Journal: | Scandinavian Journal of Development Alternatives
1997 : SEP & DEC, VOL. 16:3-4, p. 21-36 |
| Index terms: | INTERNATIONAL BANKS DEVELOPING COUNTRIES |
| Language: | eng |
| Abstract: | The Bank for International Settlements (BIS) has responded to the international debt problem since the early 1980s by extending loans to developing countries. this "bridge lending" is guaranteed and financially backed by groups of its member central banks. Thus, the BIS has evolved into a provider of short-term liquidity in the form of financial rescue operations during the months that International Monetary Fund (IMF) and World Bank (WB) longer-term, conditional resources and adjustment programs are being negotiated. |
SCIMA