First Report to the Congress Concerning World Bank Strategy and Lending Programs in Debtor Countries

摘要

Under Section 3(d) of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1989 the Secretary of the Treasury is required to prepare the report addressing World Bank strategy and lending programs in debtor countries. Congressional interest is in developing a stronger role for the World Bank in supporting debt reduction -- particularly through the use of policy-based lending to facilitate debt service reduction and through World Bank partial guarantees on debt service payments in financing packages involving significant debt reduction. Section II of the report examines the current role of the World Bank in international debt strategy. Section III surveys progress made by debtor countries and recent developments in the market vis-a-vis debt reduction. The final section of the report summarizes U.S. suggestions for strengthening the current strategy. New ideas are discussed.