International records / Foreign Relations of the United States
196. Information Memorandum From the Assistant Secretary of State for Inter-American Affairs ( Abrams ) and the Acting Assistant Secretary of State for Economic and Business Affairs ( Constable ) to Secretary of State Shultz and the Deputy Secretary of State ( Whitehead )
mmercial banks and the MDBs provided they pursue sound economic policies. The Dominican Republic could be a case in point. Conversely, “list of 15” countries that have not made their peace with the international financial community, such as Peru and Nigeria, should have little or no expectation of new net lending within the framework of the Baker initiative. Second, we are concerned that taking a high profile approach in soliciting “test cases” for the Baker initiative entails considerable risk. We are encouraging Treasury and the Fed to offer an “open door” policy to prospective participants—…
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