TITLE

No Banking on Brady

AUTHOR(S)
England, Robert Stowe
PUB. DATE
March 1990
SOURCE
National Review;3/19/1990, Vol. 42 Issue 5, p41
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses the major debt relief strategy, the Brady Plan, and its application for the Third World countries. Design of the Brady plan to give debtor countries mark-downs in commercial bank debts and loans; Need for debtor countries to enact macroeconomics and free-market reforms; Failure of the strategy due to the net reduction in debt; Replacement of commercial debt by debt backed by Western taxpayers.
ACCESSION #
12231749

 

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