Some Ways Out of the Debt Crisis
The overall situation in the global debt problem has not improved substantially since it was widely recognized in 1982. The total debt of the developing countries increased from some 850 billion dollars in 1982 to some 1250 billion dollars in 1988. Such an increase is, as such, not a problem, if not the majority of these countries would still be in a position not to fully pay the interest and repay the principal and, as a consequence, not be able to attract new commercial and official loans on normal conditions. This will continue to be the case at least in the near future.
KeywordsInterest Rate Commercial Bank Debt Crisis Private Bank International Bank
Unable to display preview. Download preview PDF.