Peter Kilborn,
“Administration Seeking to Explain Debt Plan,” The
The Bush Administration increased its attempts to alleviate the problem
alleviating the debt problem and to answer critics that claim the developing
country policy lacked substance.
Mulford, the Undersecretary of the Treasury,
agreed to speak to Congress about the “ideas and suggestions” that Treasury
Secretary, Brady, presented earlier.
Mulford is also scheduled to speak in
The Treasury’s aim is to decrease the countries’ debt by lending them money in order to stimulate their economies. Although the President has been reported to agree with the reduction of third world debt, he does not necessarily agree with the details that Mulford proposes.
~Jean Miaw