Mexico, not entirely by its own actions, has experienced a devastating increase in foreign debt. The country's history and policy decisions, in conjunction with actions taken by the developed world, have allowed Mexico's debt to escalate. In response, various policies and plans to restructure the debt have been essayed. The Brady Plan, introduced by the United States in 1989, was designed to be an important part of the proposed restructuring process. The failure of this plan to be implemented successfully could affect the United States' banking community, the International Monetary Fund, the World Bank, and the fate of Mexico--as well as the rest of the developing countries experiencing financial difficulties.
© 1990 by the Board of Student Publications, University of Northern Iowa
Armbrecht, Steven W.
"The Brady Plan: An Attempt to Solve the Mexican Debt Crisis,"
Draftings In: Vol. 5
, Article 5.
Available at: https://scholarworks.uni.edu/draftings/vol5/iss2/5