He blamed the falling dollar and rising American debt.

The United Nations puts the American debt at $1.7 billion.

Furthermore, by 1992 the American debt will have risen to $900 billion, many economists estimate.

The organization's budget officials say the American debt constitutes more than half of its $2.3 billion in outstanding dues.

The American debt to the organization mounted to a level nearly twice the annual operating budget.

Japanese investors are the biggest international holders of American debt.

Many forecasts suggest that the total American debt to foreigners could top $1 trillion in the early 1990's.

On the other hand, when American debt is held by overseas investors, they receive interest and principal repayments.

There is nearly $7 trillion of direct or indirect American debt outstanding.

The fund can buy bonds but she held only small amounts of American debt for short periods in 1990.