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Glossary > B > "Baker Plan" Definition

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.

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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 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.