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| Author: | Griffiths-Jones, S. |
| Title: | Learning to live with crisis. |
| Journal: | Banker
1987 : SEP, VOL. 137:739, p. 23-25, 29, 32-33, 35, 37, 39 |
| Index terms: | INTERNATIONAL MONETARY SYSTEM IMF FOREIGN DEBTS UNDERDEVELOPED ECONOMIES INTERNATIONAL BANKS DEBT MANAGEMENT |
| Language: | eng |
| Abstract: | The international debt-crisis started in 1982 when Mexico announced she could not service her debts. International organizations like IMF and World Bank plus the great lender countries like the US, the FRG and Japan, tried to solve Mexico's problem together with problems arising in other debtors countries like Brazil, Peru and Poland. Rescheduling was the first step, new loans were hardly available. Adjustment programs were the pre-conditions of further help, but debtor countries could not accept them. Now they try to swap their debts with domestic capital, but only with limited success. |
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