& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Third World debt rose only slightly: OECD
PARIS. Sept 14 : Ten years into the Third World debt cri sis, developing countries' total debt showed only a small rise last year while debt service fell for the third year in a row. the Organisation for Economic Co-Kration and Development
CD ) says, according to AFT
Overall. Third World debt rose by 2.S per cent to an estimated 1,478 billion dollar, up from 1,442 btllloA tn 1990 and twice the end-1981 total of 739 billion, the OECD said in its annual survey of Third World financing and external debt, published Monday.
Asia overtook Latin-America as the most Indebted region In 1991, partly as a result of steady debt expansion by China. India and Indonesia and a sharp Jump in short-term trade credits to the area, it said
In its cautiously upbeat report. the OECD stressed that net capital flows to the dcvel-, oping world remained at record levels In 1991. at some 137.5 billion dollar against 127.2 billion In 1990 and 122 billion In 1989
Latin American debt de-cotned tn absolute terms following the major 1990/91 debt and debt service reduction deals for Mexico and some other key debtors, now tn creaslngly able to return to financial markets and attract foreign investors
Despite progress by many others now pursuing reforms and better economic policies, and "new openings' in the debt stratcf^. including easier terms offered by the Pans Club of official creditors, the OECD said the global debt problem 'has certainly not been resolved nor has It at all gone
■•W
Many of the poorest and least developed countries, mostly In Africa, were still "■ tong way from being able to put their debt burden on a sustainable basis," it said.
Many debtors were In a 'critical' situation, with debt overhang and associated for dgn exchange shortages seriously constraining develop mcnl.
The OECD set Asia a total debt at 480 billton dollar last year, up from 386 billion in 1987. with a growing short term debt of about 116 billton. while Latin America's total of 449 billion dollar, including short term debt at 81 billton. reflected a steady decline from a 1987 peak of 470 billion
The OECD said total debt service payments fell by 8.0 billion dollar to 151 billion, down 14 billion from the 1988
peak of 165 billton. largely be cause of improved debt profiles resulting from restructuring and a shift towards official and concessional debt.
The OECD welcomed the fact that total 1991 capital flows to the Third World — Including official development aid. export credits, commer- ' cial lending and foreign investment —- remained so high despite a sluggish world economy and political uncertainties tn the wake of the Gulf crisis and the breakup of the Soviet Union, the report said.
Official development finance, still the "backbone" of these Inflows, at 79 billion dollar accounted for 57 per cent of last year s total.
With the current focus on private flows, "this fact is too easily overlooked.' the OECD said, stressing that Arab aid was sharply down while aid
from the ex-Soviet Union and eastern Europe had virtually ceased.
Private funding topping 56 billion dollar, continued the steady upward trend of the past five years, but commercial bank lending plummeted to seven billion last year from 15 billion tn 1990, largely because of reduced tending to the Oulf
White bond issues, mostly In Asia and Latin America, jumped to nine billton. foreign direct investment, mainly ben cfittlng these areas, rose further to Just over halt of total private flows
Poorer countries largely remain dependent on official. Including multilateral financing. with sub-Saharan Africa still unable to attract private funds, the OECD said
It said recent developments on the debt front "permit cau-
tious optimism about the prospects for greater access to market finance' for developing countries as a whole, although the outlook remains dimmer for the poorest.
But the OECD warned that in the years ahead "there will be growing demands on and greater competition for resources' debtors and others will have to sharpen their focus on reforms and 'sound' use of aid. it said.
To a much greater extent than tn the past decade, official aid money and private funds were 'likely to go to those countries making progress on the economic and political fronts.’
Progress would be needed tn areas 'which Influence official and private decisions on where to grant, lend or in vest,' the OECD said