00703nam a2200121Ia 450000500170000010000230001724500450004026000090008552004450009458300190053994200060055899900170056420260716043340.0  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  cA  c45386d45386