But the primary provision of credit was left to negotiations between the foreign banks and each of the debtor countries.
22.
The United States became a net debtor country in 1987 for the first time since prior to World War I.
23.
Other proposals would give debtor countries the legal right to reschedule and postpone payments owed to foreign banks and bondholders.
24.
Talks between debtor countries and creditors were easier, she said, when only a few governments and big banks were involved.
25.
Debtor countries, mostly African, largely owe money that lenders pushed on eager governments decades ago, in part to cover commercial loans.
26.
Banners denounced global corporations and lending policies of the IMF and the World Bank that demand austerity programs by debtor countries.
27.
They would offer bailouts to fewer countries, or focus the fund's efforts on convening negotiations between debtor countries and their creditors.
28.
A decade ago the commission issued a major Vatican policy statement setting out moral and ethical guidelines for creditor and debtor countries.
29.
Already the world's largest debtor country, the United States saw its total rise sharply last year, reflecting the country's record trade deficit.
30.
In 1987, Paris Club creditors adopted Venice terms ( non-concessional terms that provide debtor countries with longer deferral and repayment periods ).
