Baker Plan

E400619

The Baker Plan was a 1985 international debt strategy proposed by U.S. Treasury Secretary James Baker to address the sovereign debt crisis of developing countries through new lending combined with economic reforms.

All labels observed (1)

Label Occurrences
Baker Plan canonical 2

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf international debt strategy ⓘ
sovereign debt restructuring initiative ⓘ
aimsTo avoid outright debt reduction ⓘ
maintain financial system stability ⓘ
prevent systemic banking crisis ⓘ
announcedAt IMF-World Bank Annual Meetings in Seoul ⓘ
announcedIn October 1985 ⓘ
appliesTo Latin American debtor countries ⓘ
developing countries ⓘ
highly indebted middle-income countries ⓘ
sovereign borrowers with IMF programs ⓘ
characterizedAs growth-oriented debt strategy ⓘ
coordinatedBy U.S. Treasury Department ⓘ
countryOfOrigin United States ⓘ
criticizedFor insufficient debt relief ⓘ
overreliance on new lending ⓘ
placing adjustment burden on debtor countries ⓘ
focusesOn commercial bank debt ⓘ
sovereign external debt ⓘ
follows initial ad hoc debt reschedulings of early 1980s ⓘ
hasComponent increased lending by commercial banks ⓘ
increased lending by multilateral institutions ⓘ
medium-term adjustment programs ⓘ
hasPurpose address sovereign debt crisis ⓘ
promote economic growth in debtor countries ⓘ
restore creditworthiness of debtor countries ⓘ
historicalContext 1980s Third World debt crisis ⓘ
historicalPeriod Latin American debt crisis ⓘ
inception 1985 ⓘ
involves International Monetary Fund ⓘ
World Bank ⓘ
commercial banks ⓘ
debtor governments ⓘ
language English ⓘ
namedAfter James A. Baker III ⓘ
linked to: James Baker
precedes Brady Plan ⓘ
proposedBy James A. Baker III ⓘ
linked to: James Baker

U.S. Treasury Secretary James Baker ⓘ
linked to: James Baker
replacedBy Brady Plan ⓘ
requires fiscal discipline ⓘ
macroeconomic stabilization measures ⓘ
market-oriented reforms ⓘ
structural economic reforms ⓘ
trade liberalization ⓘ
usesMethod conditionality on economic reforms ⓘ
new lending ⓘ
policy-based lending ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.