| 词条 | Baker Plan (debt relief) |
| 释义 |
The Baker Plan was launched in October 1985 at the International Monetary Fund/World Bank meeting in Seoul, by James Baker, United States Secretary of the Treasury, as a way to combat the international debt crisis. It was inspired by the idea that China's trade surplus could be used to relieve some of the Third World's problems with debt.{{Citation needed|date=April 2007}} The Plan was designed to help highly indebted middle-income countries, i.e., those countries that are not incredibly poor but nevertheless owe a large amount of money. Fifteen countries were mentioned, and ten of those were in Central and Latin America. Ultimately, the Baker Plan failed due to its inequitable principles on deciding which countries received aid.{{Citation needed|date=February 2008}} It was succeeded by the Brady Plan. References
3 : Economic history of the United States|History of the foreign relations of the United States|1985 in international relations |
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