000 00674nam a2200109Ia 4500
100 _aCACERES, Luis Rene
245 _aMechanisms for bilateral debt reduction.
260 _c1996
520 _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.
583 _c3/7/00
_kM2LMGR
942 _cA
999 _c22051
_d22051