The reversal of net international capital flows since 1982 is attributable more to reduced inflows of new bank credits than to higher debt service obligations. Credible adjustment efforts would increase the creditors' willingness to lend new credits.
The reversal of net international capital flows since 1982 is attributable more to reduced inflows of new bank credits than to higher debt service obligations. Credible adjustment efforts would increase the creditors' willingness to lend new credits.