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Baker Plan

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Baker Plan
A plan by former U.S. Treasury Secretary James Baker under which 15 principal middle-income debtor countries (the Baker 15) would undertake growth-oriented structural reforms, to be supported by increased financing from the World Bank and continued lending from commercial banks.

Baker Plan
A plan formed by U.S. Treasury Secretary James Baker in 1985 to relieve debt in the developing world. The Baker Plan identified 15 countries with relatively healthy economies but also with a large amount of debt, and suggested the World Bank and private banks provide funding while these countries undertook liberalizing structural reform. Ultimately the plan was not implemented because no consensus could be reached on which 15 countries to include.


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The George Baker plan had been hatched by Findlay, who owns the twoyear-old with Tony Bloom, while he was watching television one afternoon and trainer George Baker is looking forward to seeing it come to fruition.
The Western Saharan independence movement has already agreed to a referendum under the 2003 Baker Plan that would be dominated by Moroccan settlers.
In the meantime, the Houston Agreement, which was negotiated by James Baker III, the personal envoy of UN Secretary-General Kofi Annan in 1997, failed as did the first Baker Plan, or the Framework Agreement, of 2000.
 
 
 
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