Baker Plan(redirected from Western Sahara Authority)
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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.