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International Monetary Fund
Published Date:
March 1990
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    © 1990 International Monetary Fund

    Library of Congress Cataloging-in-Publication Data

    Debt reduction and economic activity / by Michael P. Dooley … [et al.].

    p. cm. – (Occasional paper / International Monetary Fund; no. 68)

    Includes bibliographical references (p.).

    ISBN 9781557751355 : $10.00 ($7.50 to university faculty and students)

    1. Debt relief. 2. Debts, External. I. Dooley, Michael P. II. International Monetary Fund. III. Series: Occasional paper (International Monetary Fund) ; no. 68.

    HG3891.5.D42 1990



    Price: US$10.00

    (US$7.50 university faculty members and students)

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    External Relations Department, Publication Services International Monetary Fund, Washington, D.C. 20431 Telephone: (202) 623-7430 Telefax: (202) 623-7201


    The following symbols have been used throughout this paper:

    • ... to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1987-88 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1987/88) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.


    This paper was originally prepared for discussion at a July 1989 seminar of the Fund’s Executive Board. The main body of the text was written by Michael P. Dooley and Richard D. Haas, Appendices I and IV by Steven A. Symansky and Ralph W. Tryon, Appendix II by David Folkerts-Landau, and Appendix III by Michael P. Dooley. The views expressed are those of the authors and should not be interpreted as those of the Fund.

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