Some considerations on the external public debt of LDCs

The Federal Republic of Germany, together with the United States of America, is one of the most determined opponents to the developing countries’ demand for a general debt moratorium (and also the UNCTAD integrated programme on commodities). However, the outcome of recent international conferences will not be without consequences for the actual relationship between Germany and the developing countries. At least the necessity of reconsidering possible arrangements has become clear, if a further isolation of the Federal Republic of Germany in the North-South dialogue is to be prevented.