World Trade Expansion, Development, and Financial Stability Act of 1988

[AI summary unavailable — showing source text] World Trade Expansion, Development, and Financial Stability Act of 1988 - Directs the Secretary of the Treasury (in consultation with the Interagency Country Exposure Review Committee and the International Monetary Fund) to estimate the aggregate economic value of the outstanding sovereign debt of each special debtor country which is held by one or more private commercial banks located in the United States. Specifies the factors to be taken into account in making such estimate. Amends the International Lending Supervision Act of 1983 to allow a temporary exemption from the Federal Reserve Board's risk-based capital guidelines for any banking institution which exchanges its entire portfolio of sovereign debt of special debtor countries for obligations of the special international debt facility established pursuant to this Act. Defines a "special debtor country" to mean any country listed among the "Highly Indebted Countries" in the 1987-88 edition of the World Debt Tables published by the International Bank for Reconstruction and Development. Expresses the sense of the Congress that the exchange by U.S. banks of obligations of special debtor countries for obligations issued by the s…