01005nam a2200109Ia 4500080001800000245005800018260004500076300001300121500002700134520071500161583001900876  a11.02.02 C734  aPersistent indebtedness : the need for further action  bCommonwealth SecretariataLondonGBc1987  av, 37 p.  aBibliography: p. 21-22  aDiscusses the international debt situation focusing on the relationship between the financial system and debt service, the mechanism for ensuring that the interest on debt is serviced, and the debt problems of low-income countries.  Outlines four aspects of the approach to debt management viz. the creation of favourable international economic conditions, rescheduling, greater emphasis on net financial flows to seriously indebted countries under the Baker plan, and adjustment by debtor countries.  Proposes a way forward for resolving developing countries debt problems which include inter alia, increased capital flows to developing countries, debt relief, and special arrangements for low-income debtors.  c3/7/00kM2LMGR