NSSD 3-83 United States Approach to the International Debt Problem

UNCLASSIFIED SECHER SYSTEM II 90256 THE WHITE HOUSE WASHINGTON UNCLASSIFIED SECKET March 14, 1983 fir NATIONAL SECURITY STUDY DIRECTIVE NUMBER 3-83 - U.S. APPROACH TO THE INTERNATIONAL DEBT PROBLEM you Introduction National Security Study Directive establishes guidelines debt This for review of the U.S. approach to the international environment and problem. a The constraints current international are requiring economic substantial economic adjustments financing by borrowing countries, entailing in part their reduc- tions in the pace of economic growth, and inhibiting ability of the current world financial and other to adjust through export expansion. The situation consequences affect and management areas of critical concern to the United States other industrialized democracies, including the international trading system, economic recovery and The employment review should prospects take and as international point political the analysis stability. and strategy developed under its starting auspices of the SIG-IEP and should utilize the of following alterna- the for further analysis and consideration the guidelines tive or additional management and policy responses by United States. 18 u Scope The NSSD will cover the following topics: I. Dimensions of the Debt Situation and the U.: S. Approach to Resolving It II. Implications of the Debt Situation for International Trade and Trade Policy III. Effects on U.S. Domestic Economy Declassifed/Released or. 3/15/95 -- Employment under provisions of E.O. 12356 by D. Van Tassel, National Security Council -- Non-inflationary growth F88-700 IV. Macroeconomic Considerations The implications of the debt situation for U.S. and world recovery. SECRET cy 16 of 12 copies 3 DECLASSIFY ON: OADR UNCLASSIFIED SINCHASSIFIED