Third World debts

Journal Article · Fri Jul 25 04:00:00 EDT 1980 · Ed. Res. Rep. (Wash., D.C.); (United States)

OSTI ID:6866270

Sweet, W

World oil prices are responsible for new concerns about the health of the international banking system, particularly the $60 billion in annual deficits of the developing countries. If the banks continue lending money to these countries in hopes of repayment in better times, they could jeopardize their financial position; but if they stop the loans, they will jeopardize repayment of the present debts. High US interest rates, heavy goods and technology, economic sanctions imposed by the US in response to Russia's invasion of Afghanistan, and the unregulated Eurocurrency market have contributed to the problem. No one knows how great a loss the capital markets can sustain and still survive. New banking arrangements by the World Bank and other institutions are still unproven. 19 references. (DCK)

• OSTI ID: 6866270
• Journal Information: Ed. Res. Rep. (Wash., D.C.); (United States), Journal Name: Ed. Res. Rep. (Wash., D.C.); (United States) Vol. II:4; ISSN EDRRA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
CAPITAL
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
INTERNATIONAL ORGANIZATIONS