A preliminary look at factors that affect the flow of short- term commercial bank loans to developing countries.

Regulatory strategies that make sense for industrial countries may not be transferable, unchanged, to developing countries. But developing countries could clearly benefit from reformed supervisory technology, including improved information collection and management.

The official monthly record of United States foreign policy.

This paper reports the growing number of low-income countries that are making efforts to resolve their debt problems, often aided by the resources of the debt reduction facility for countries of the International Development Association (IDA). Progress for most, however, remains slow. With the backing of IDA resources and assistance from official bilateral sources, debt buy-backs have been concluded by Bolivia, Guyana, Mozambique, Niger, Sao Tome and Principe, Uganda, and Zambia. Preliminary discussions on similar operations are under way with several other countries. Although most of the major baric debt cases have been resolved, attention still needs to be focused on the problems of low-income countries. In many of these countries, the process of debt restructuring has been delayed owing to economic and political difficulties. To maintain market access on reasonable terms, countries need consistently to implement strong macroeconomic and structural policy programs. Maintenance of such programs is likely to be particularly important in the period ahead, given the high degree of uncertainty with regard to interest rate movements in the industrial countries.

The issue of capital flight from developing countries is discussed. The debt problems of developing countries coupled with the sharp decline in international lending to many countries have evoked great interest in the issue of private capital outflows, or capital flight, from these countries among international policymakers, academics, and in the general public. Residents of countries with exchange controls can purchase foreign exchange overseas by paying in local currencies, albeit at a higher cost than through official channels.

This theoretical and practical overview of the international legal architecture between developing countries and advanced nations is divided into two parts, the first providing a theoretical overview of the philosophical implications of international development law principles; the second deals with international financial architecture.

The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.

This book outlines how odious debts are not legally binding under international or domestic law, contrary to widely held legal opinion.