Options for tackling the external debt problem

This paper points out the current situation of debtors and creditors and evaluates some of the difficult issues concerning the international management of Latin America's payment problems. It is concluded that, in the absence of new credits, debtors in the region will opt for unilateral limits on their debt service, and that moreover, if the debtor countries display more sophistication in the deployment of this technique, self-designed debt-relief can support sustained economic growth