Before the background of the debt crisis loan loss provisioning has been gaining in importance, as one of the measures adopted by banks to reduce their exposure in highly indebted countries and to strengthen their balance sheets. Prof. Abbott examines the concept and forms of provisioning, and...

The concept of Retroactive Terms Adjustment (RTA) emerged as a response to the urgent need for international action on the debt problems of the developing countries. The following article analyses the concept and the contribution RTA has made towards solving the debt problem.

What lies behind the call for massive transfers of resources from the rich to the poor countries? What proposals for such transfers have been made? Do these proposals represent an application of Keynesianism to the problems of international development and, if so, is this application legitimate?