Word: debtors
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...government spending and increase private investment. De la Madrid told Reagan that Mexico was making "increasingly strenuous efforts," but was hampered by factors like the dropping world price of oil. The Mexican President seemed close to endorsing a plan by U.S. Treasury Secretary James Baker that offers debtor nations new low-interest loans in exchange for implementation of free-market policies...
...international cooperation. We debtor countries should do our job, but that is not enough. There is a need to achieve more effective economic cooperation. Otherwise, we will continue to go from crisis to crisis. The countries of Latin America have been setting forth these ideas. We have a consultation group, the Cartagena Group, that has pointed out the problems and indicated that they cannot be dealt with on the basis of purely commercial or business criteria, and that since the fate of many nations is at stake, political criteria should be taken into account. I believe such ideas are gradually...
...developing nations. Unveiled in October, the plan calls for the World Bank, which lends about $15 billion a year to some 100 developing nations, to provide a wider range of financial assistance than previously, and also to play a role in prescribing long-term economic reforms for its debtor clients. Lately, the Baker plan has showed signs of stalling, but Conable's nomination is clearly intended to give the scheme a new boost...
...billion Total the debtor countries will save each year in repayments to the World Bank, IMF and other lenders...
...last week's IMF-World Bank meeting, the debtor nations pressed anew their demands for increased official aid and commercial loans. The U.S. and other industrial countries resisted, arguing that only a long period of strong growth in the world economy can resolve the debt crisis. The IMF's staff optimistically projected that the major industrial countries could average 3% growth annually, after adjustment for inflation, from 1985 to 1990, up from 2% in the first four years of the decade. That growth rate, said the IMF, could help developing countries boost exports by 5% to 6% each year...