Given the chronic and crippling impact which their mounting international indebtedness exerts on the economies of many developing countries, cancellation on a fairly comprehensive basis seems the only realistic way of coping with this problem. According to the author, the existing objections to...

What are the borrowing strategies and practices of European members of the Council for Mutual Economic Assistance (CMEA)? The authors had extensive discussions with bankers in the leading financial centres in Europe. Some of their findings are presented in the following article.

Much concern has been expressed in recent years over the mounting debt burden of developing countries. The increasing amounts of loans and their hardening terms have in many cases led to external debt servicing problems of alarming magnitudes. The following contribution addresses itself to...