Resource transfer to Latin America and the Caribbean was negative throughout the eighties. Debt-forgiveness would benefit not only the debtor countries, however. Lending countries and institutions would also stand to gain.

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...

Resource transfer to Latin America and the Caribbean was negative throughouthe eighties. Debt-forgiveness would benefit not only the debtor countries, however. Lending countries and institutions would also stand to gain.

The quadrupling of oil prices since the end of 1973 was accompanied by a rapid increase in the borrowings of developing countries. A global view of their external debt situation reveals some alarming realities.

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...