NSSD ON U.S. APPROACH TO THE INTERNATIONAL DEBT PROBLEM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00153R000100050060-0
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 4
• Document Creation Date: December 21, 2016
• Document Release Date: May 27, 2008
• Sequence Number: 60
• Publication Date: March 14, 1983
• Content Type: MEMO

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ACTION: ~ N IC
Reply to due
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SYSTEM II
90256
SECRET`ATTACHMENT March_14, 1983
X83-1457
MEMORANDUM FOR THE VICE PRESIDENT
THE SECRETARY OF STATE
. THE SECRETARY OF THE TREASURY
THE SECRETARY OF DEFENSE
THE SECRETARY OF AGRICULTURE
THE SECRETARY OF COMMERCE
THE DIRECTOR, OFFICE OF MANAGEMENT AND
BUDGET
THE DIRECTOR OF CENTRAL INTELLIGENCE
THE UNITED STATES.. TRADE REPRESENTATIVE
THE ASSISTANT TO THE PRESIDENT FOR POLICY
DEVELOPMENT
THE CHAIRMAN,~COUNCIL OF ECONOMIC ADVISERS
SUBJECT: NSSD on U.S. Approach to the International
Debt Problem (U)
The President has approved the attached. National Security
Study Directive which establishes guidelines for a review of
the U.S. approach to the international debt problem. The
review should be completed no later .than April 15, 1983. (U)
William P. Clark
Attachment
NSSD 3-83
SECRET ATTACHMENT
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SECRET
NATIONAL SECURITY STUDY
DIRECTI,~E NUMBER 3 = 8 3
~YSTEM II
90256
March 1 483
U.S. APPROACH TO THE INTERNATIONAL DEBT PROBLEM (C)
This National Security Study Directive establishes guidelines
for a review of the U.S. approach to the international debt
problem. The current international economic environment and
financing constraints are requiring substantial economic
adjustments by borrowing countries, entailing_in part reduc-
tions in the pace of economic. growth, and inhibiting their
ability to adjust through export expansion. The consequences
ar_d management of the current world financial situation affect
other areas of critical concern to the United States and other
industrialized democracies, including the international
trading system, economic recovery and employment prospects and
international political stability. The review should take as .
its starting point the analysis and strategy developed under
the auspices of the SIG-IEP and should utilize the following
guidelines for further analysis and consideration of alterna-
tive or additional management. and policy responses by the
United States. (S)
Introduction
Scope.
The NSSD will cover the following topics:
I. Dimensions of the Debt Situation and the U.S. Ap roach to
Resolving It
II. Implications of the Debt Situation for International
Trade and Trade Policy
III. Effects on U.S. Domestic Economy '
Employment
Non-inflationary growth
IV. Macroeconomic Considerations
The implications of the debt situation for U.S. and
world recovery.
SECRET
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-- The implications of alternative world growth results
for the debt situation.
V. Political and Security Considerations
VI. T~1e U.S. Policy Response
Adequacy of the present strategy
-- Alternative or additional measures
-- Administration/management questions
-- Public affairs/legislative questions (S)
Administration
The review will be conducted by an interagency. group, composed
of representatives of the members of the SIG-IEP, responsible
for existing interagency work on the debt situation, utilizing
the working groups already established in .the areas listed
above and such other working groups as may be necessary. The
interagency group will report to the SIG-IEP, whose Chairman
will .be responsible for scheduling and management of the
review. (C)
The review, with recommendations,~should be forwarded to the
Assistant to the President for National Security Affairs no
later than April 15 ,1983, for review and decision by the
.President. (U)
SECRET
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