The Deputy Governor discusses international debt difficulties and measures to deal with them. He focuses his remarks on three themes:
- How banks may best by individual effort ensure that they survive and prosper in the difficult environment they face.
- How they may best ensure that this environment is as benign as possible by self-interested collaboration with each other, with the central banks and with the international institutions.
- What they may expect from the development of the world economy and the policies of governments.