Obligacje Brady'ego sposobem na rozwiązanie kryzysu zadłużeniowego krajów rozwijających się
Brady bonds as a way to find a solution to a debt crisis of developing countries

Summary/Abstract: The Brady plan didn`t eliminate problem of foreign debt burden of developing countries, but this debt relief helped them to restore investment and growth and to become a reliable debtor, thath resulted in increase of capital flows to all parties - debtor countries and creditor countries. The external debt burden should be further reduced - especially the debt of the low-income countries. It`s necessary not only for the sake of the debtors, but also for the sake of the creditors, who have an important long-run stake in allowing the developing countries to surmount the current crisis and to avoid them in the future.

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