International Development Resolution of 1986

Summary

International Development Resolution of 1986 - Expresses the sense of the Senate that the President should instruct the Permanent U.S. Representative to the United Nations to propose an agreement on international trade and finance development which provides for: (1) the establishment of a progressive cap to limit the external public debt-service payments of developing nations based upon their net trade performance; (2) the establishment of an alternative progressive scale on public debt-service payments relief for trade deficit developing nations; (3) the establishment of conditions for the repayment of external public debt-service of developing nations; (4) the allocation of resources by industrialized nations to fund the financial operations of the agreement; (5) the deposit by developing nations seeking debt relief of ten percent of the total amount of their annual debt relief for use under the agreement to cover potential defaults; (6) the establishment of an International Trade and Finance Development Council which would decide on the provisions required to implement the agreement; (7) representation on the Board of Directors; and (8) the termination of the agreement after five years.

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1 official file

• Introduced in Senate

  summary · EN · 26 June 1986

  Open at official source

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