VOLUNTARY DEBT REDUCTION OPERATIONS: BOLIVIA, MEXICO, AND BEYOND

Ruben Lamdany

Contemporary Economic Policy, 1989, vol. 7, issue 2, 66-82

Abstract: This paper describes the main aspects and the results of voluntary debt reduction operations that occurred recently in Bolivia and Mexico. It studies the motivations and behavior of the three main agents in such operations: debtor countries, participating creditor banks and non‐participating creditor banks. The paper also discusses the main issues that debtors must address in designing future voluntary debt reduction operations.

Date: 1989
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https://doi.org/10.1111/j.1465-7287.1989.tb00563.x

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