the baker plan for addressing the debt crisis was based on the assumption that
Baker Plan (debt relief) It was inspired by the idea that China's trade surplus could be used to relieve some of the Third World's problems with debt.[citation needed] The Plan was designed to help highly indebted middle-income countries, i.e., those countries that are not incredibly poor but nevertheless owe a large amount of money. Fifteen countries were mentioned, and ten of those were in Central and Latin America.