Occasional Papers

External Indebtedness of Developing Countries

Author/Editor:

Ulrich Baumgartner ; G. G. Johnson ; K. Burke Dillon ; R. C. Williams ; Peter M Keller ; Maria Tyler ; Bahram Nowzad ; G. Russell Kincaid ; Tomás Reichmann

Publication Date:

May 15, 1981

Summary:

The external indebtedness of non-oil developing countries has been of growing concern in recent years. Several factors have brought the debt issue to the forefront of the problems facing a number of countries, including the rapid rise in extenal debt in the recent past, changes in the composition of debt (toward a greater proportion owed to commercial banks) and the attendant deterioration in the terms of debt, and the rise in debt service resulting from these developments.

Series:

Occasional Paper No. 1981/002

Subject:

Arrears Asset and liability management Bank credit Banking Debt renegotiation Debt service External debt Inflation Money Prices