What were the primary focuses of the Baker Plan (1985) and the Brady Plan (1989), respectively?

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Decentralizing the IMF; dissolving the World BankProviding new financing from multilateral institutions and creditor nations; implementing debt reduction or write-offsOffering structural adjustment loans to developing countries facing unexpected external shocks; reinforcing macroeconomic stabilization effortsGranting debt relief to at least 75% of qualifying HIPCs; shortening adjustment program requirements

Explanation

The Baker Plan (1985) primarily focused on securing new loans from multilateral agencies and creditor nations to assist indebted countries, while the Brady Plan (1989) emphasized reducing debt burdens through debt forgiveness or write-downs.