Economic growth and foreign debt negotiation

ABSTRACT The objective of this paper is to analyze the negotiation of Brazil’s foreign debt within a strategy of economic growth. It draws a general profile of the main characteristics of Brazilian indebtedness, emphasizing the gross errors of economic policy made during the period 1974/89. The paper presents a fairly simple model of foreign-debt dynamics and describes the framework of debt-negotiation program aims at fighting inflation and restoring economic growth.