Dealing with the debt crisis /
edited by Ishrat Husain, Ishac Diwan.
- Washington, D.C. : World Bank, 1989.
- xiv, 308 pages : Illustrations and graphics in black and white ; 28 cm.
- A World bank symposium .
Includes bibliographical references.
The debt crisis in perspective. -- Debt Management the late 1980s. -- Debt reduction and recontracting
The world debt crisis of the 1980s, soon to drag into the 1990s, has launched a constellation of competing claims and conflicting alternatives. From 1986 to 1988 more than $100 billion in resources were transferred from the highly indebted countries to creditors in the industrial countries. By the end of 1989 the burden of the highly indebted countries will have reached about $500 billion, and debt service will consume almost a quarter of their export earnings.