Experts say the Brady plan is not likely to have any significant impact.

Indeed, most plans negotiated under the Brady plan are and will be unique.

I didn't take a question on third world debt, but there's a strong endorsement for the Brady plan.

On balance, that made the Brady plan seem more controversial and less compelling.

The Brady plan calls for reducing medium and long-term commercial debt by 20 percent over three years.

But what kind of future does the Brady Plan have, and can it really fix the market?

Mexico was the first to reach an agreement under the Brady plan, which was announced a year ago.

The Brady plan encourages debt reduction for countries adopting economic change.

He claimed no success yet but argued that the leading bankers would move ahead, despite their criticism last week about the Brady plan.

But Mexico shows that, where there is the political courage, the Brady plan can really work.