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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Despite hosting the Polisario party and allowing around 100,000 refugees to remain in Tindouf, the Algerian position has been consistent in calling for an application of UN resolution 1495 also known as the Baker plan.
Baker Reynolds & Baker plan to take on three new directors and expand operations by linking with accountants and lawyers in Walsall and Lichfield.
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.
President and Chief Executive Officer Michael Davin and Chief Financial Officer Timothy Baker plan to discuss Cynosure's business outlook, growth strategy and recent financial results.
To everyone's surprise, both Algeria and POLISARIO, despite initially rejecting the plan, eventually accepted Baker's new proposal, better known as Baker Plan II.
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.
Able and Baker plan to admit Charles to the partnership on July 1, 2002, as an equal partner.
government agencies blundered Triumph-like from the stingy Baker Plan into the forgiving Brady Plan during the debt crisis.
Once this fact was recognised it spawned a number of initiatives built on these premises such as the Baker Plan (1985), and the Brady Plan (1989).
Instead of asking creditors to forgive loans, the Baker Plan has stressed fresh loans to impoverished Third World Countries willing to undertake new enterprises and austerity programmes.
Some might argue that this declining coverage of interest payments is symptomatic of the progressive loss of consensus among the international commercial banks in support of the Baker Plan.