00627nam a2200085Ia 4500100002300000245004500023260000900068520044500077583001900522  aCACERES, Luis Rene  aMechanisms for bilateral debt reduction.  c1996  aArgues that new mechanisms are required to reduce the bilateral debts of lesser developed countries to manageable levels. This reduction is necessary as the debt overhang inhibits these countries from gaining access to international financial markets and because high levels of debt reduce domestic savings and investment. Notes that the Paris Club mechanisms have fallen short of providing a definite resolution to bilateral debt problems.  c3/7/00kM2LMGR