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Over the past decade the non-oil developing countries\u2019 external debt has shown a more than threefold increase, a trend that may be expected to continue in the foreseeable future. In response to the recipient countries\u2019 changing needs, private lending, their principal source of credit, will have to take different forms involving the creation of new multilateral facilities designed to place a bigger pool of long-term funds at the developing countries\u2019 disposal

Is it up to the industrialised countries to finance the developing countries’ deficits?