Second, private creditors have to see their long-run interest in hanging in, even on concessional terms, rather than joining a stampede for the exits. Third, the international financial institutions and the industrial countries have to find more funding to tide these countries over the crises if they give evidence of willingness to accept strict conditions.
In that regard, the increasing use of stock option grants to employees has raised new challenges for our accounting system. Such options are important to the venture capital industry, and many in high-tech industries have counselled against making any changes to current practices.