Many governments, implicitly or explicitly, recognize the need for measures to alleviate the debt burden as intermediate steps towards a durable solution to the debt crisis. The measures propose range from substantial debt reduction to debt cancellation of all categories of debt including commercial, bilateral and multilateral debts, as an alternative to repeated debt rescheduling.
A proposal for once-and-for-all debt settlement was endorsed by the Ministerial Meeting of Non-Aligned Countries on debt and development, held in Jakarta in August 1994. The Meeting had called for a global reduction of an average of 70 per cent of the debt of developing countries. The meeting emphasized, however, that within this overall framework of once-and-for-all debt settlement, debt reduction for individual countries must be approached on a genuine case-by-case basis so that the most appropriate policies are adopted for each country.
In order to ensure that such a once-and-for-all debt settlement leads to the restoration of credit-worthiness of debtor countries and the achievement of a reasonable rate of economic growth, the final settlement of debt and net flows of financial resources on appropriate terms must be worked out as integral components of a comprehensive external financing package.
The Encyclopedia of World Problems and Human Potential is a collaboration between UIA and Mankind 2000, started in 1972. It is the result of an ambitious effort to collect and present information on the problems with which humanity is confronted, as well as the challenges such problems pose to concept formation, values and development strategies. Problems included are those identified in international periodicals but especially in the documents of some 60,000 international non-profit organizations, profiled in the Yearbook of International Organizations.
The Encyclopedia includes problems which such groups choose to perceive and act upon, whether or not their existence is denied by others claiming greater expertise. Indeed such claims and counter-claims figure in many of the problem descriptions in order to reflect the often paralyzing dynamics of international debate. In the light of the interdependence demonstrated among world problems in every sector, emphasis is placed on the need for approaches which are sufficiently complex to encompass the factions, conflicts and rival worldviews that undermine collective initiative towards a promising future.
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