Baker Plan

For the Baker Plan instituted to ease Third World Debt see Baker Plan (debt relief). The Baker Plan (formal name, Peace Plan for Self-Determination of the People of Western Sahara) is a United Nations initiative to grant Western Sahara self-determination. It was intended to substitute the Settlement Plan of 1991, which had been further detailed in the Houston Agreement of 1997.
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A plan by former U.S. Treasury Secretary James Baker under which 15 principal middle-income debtor countries (the Baker 15) would undertake growth-oriented structural reforms, to be supported by increased financing from the World Bank and continued lending from commercial banks.