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The payments difficulties of Mexico, Brazil and a number of further countries were quickly given the name of "global payments or liquidity crisis". However, the problem of indebtedness is a country-specific one, demanding individual solutions. Through the concerted financial crisis management of the IMF, the central banks of issue and the international commercial banks, the collapse of the international finance system could be prevented, and time was won for the required real-economic adjustments. In the meantime there has been a not negligible improvement in the foreign economic situation of the debtor countries, first of all in consequence of economic upturn in the industrialized countries and the own efforts of the former. Recurrence of crisis situations cannot be precluded. In the field of monetary policy it has been shown that certain situations can be overcome even without new institutions. Progress should be made, among other things, in opening markets to the debtor countries.