The contribution deals with the origin and development of GAWI (German Aid Company for Developing Countries Ltd.) and its present activities in the field of technical aid of the Federal Republic of Germany.

While the external debt of the least developed countries (LLDCs) is no threat to the international financial system, its adverse impact on the development efforts of many of these countries is severe. The following article examines their debt and economic situation and reviews major elements of...

The burden of past restructuring of the external debt of developing countries has been distributed asymmetrically among creditors owing to the lack of incentives for voluntary debt reduction. "New creditors" have been deterred from lending voluntarily because their claims would inevitably be...

The Brady Plan is the first official proposal to give priority to a tangible reduction in the debtor countries' debt service burden and is thus a milestone along the path towards overcoming the international debt crisis. However, the instruments foreseen in the Plan virtually invite criticism...