, Volume 28, Issue 1, pp 30–34 | Cite as

The case for debt-forgiveness for Latin America and the Caribbean countries

  • Ramesh C. Garg
Development Strategy


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.


Debt Crisis Secondary Market Private Bank External Debt Caribbean Country 
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  1. 1.
    Cf. Ramesh C. Garg: Exploring Solutions to the LDC Debt Crisis, in: The Bankers Magazine, January/February 1989, pp. 46–51; Steven Miller: Coping With The LDC Debt Crisis, in: The Bankers Magazine, May/June 1988, pp. 29–33.Google Scholar
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    Eduardo Lachica: World Bank Issues Warning on Debt Woes, in: The Wall Street Journal, December 16, 1991, p. A9A.Google Scholar
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    Sisters in the Wood, the IMF and the World Bank Survey, in: The Economist, October 12, 1991, p. 24.Google Scholar
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    Cf. D. Avramovic: Latin American External Debt, in: Journal of World Trade Law, March-April 1970, pp. 134–136; Ramesh C. Garg: Debt Problems of Developing Countries, in: INTERECONOMICS, March-April 1977, Vol. 12, No. 2, pp. 95–96.Google Scholar
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  9. 10.
    Suzanna Andrews: Debt Forgiveness Gains Ground, in: Institutional Investor, April 1988, pp. 220–224.Google Scholar
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    Eduardo Borensztein: Will Debt Reduction Increase Investment?, in: Finance and Development, March 1991, pp. 25–27.Google Scholar

Copyright information

© HWWA and Springer-Verlag 1993

Authors and Affiliations

  • Ramesh C. Garg
    • 1
  1. 1.Eastern Michigan UniversityYpsilantiUSA

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