Based on a study prepared for the Consejo Intergubernamental de Países Exportadores de Cobre (CIPEC) and published in CIPEC's Quarterly Review, Oct.-Nov. 1988. Deals with the possible renegotiation of seabed mineral rights if the provisions of the 1982 Law of the Sea are outdated and inadequate.
Excessive debt in the poorest Third World countries has become a matter of great interest among debtor countries & creditor governments as well as among international & nongovernmental organizations (NGOs). All have tried to find alternatives to solve the problems arising from debt renegotiation. The renegotiations proposed by the World Bank & the International Monetary Fund, together with the G-7, recommend paying the debt at any cost, & allowing international capital to enter debtor countries. Said capital is considered the motor of economic processes, as its performance will lead to the involvement of the remaining sectors. This proposal is based more on the freedom of capital than on solving such pressing problems as extreme poverty, especially in poorer, more indebted countries. The author reviews debt/equity swap programs -- & their achievements -- in Latin American countries, the current debt situation, especial1v in poorer countries, &, finally, it reviews the proposals recommended by international financial institutions in the 1990s to solve the problem of increasing indebtedness. 20 References. Adapted from the source document.
This article attempts to analyse the factors which have led to the recent deterioration in Cuba's ability to service its debt. The author argues that the balance of trade situation was artificially strengthened in earlier years by unusually high sugar prices and favourable credit policies by commercial banks and international agencies. But underlying tendencies were negative and culminated with the crisis of 1986 in which Cuba suspended payment on its debt pending renegotiation. In conclusion, Cuba's policy response in 1986-88 is examined and current options are assessed
