Some warn that the American trade position will not improve until growth returns to the debtor countries.

One possibility is that Washington will intervene to help debtor countries.

The question is whether there will be a spillover to the larger debtor countries.

An important business leader today called for an international agency to buy $250 billion of debt from 17 debtor countries at a discount.

But where such surplus and debtor countries share the same currency this is not possible.

This leads to higher international purchasing power for the debtor country.

The meeting comes at a time when talks between banks and debtor countries have slowed.

Mexico thus becomes the first big debtor country to benefit from a sharp change in American policy.

It is unclear how the move will affect further negotiations with the debtor countries.

But talks about specific arrangements for any debtor country have not begun, he said.