Implementation of the drawdown plan

Implementation of the drawdown plan

Drawdown of the residual UNAMSIL presence

The drawdown of all categories of UNAMSIL civilian personnel is also on schedule.

30. Approves any necessary drawdown on the letter of credit, and requests the Secretary General to advise Member States, as a matter of urgency, if a drawdown on the letter of credit is likely, preferably ninety days in advance

With respect to Sierra Leone, the meeting noted the progress made in the drawdown of UNAMSIL.

The reduced requirements for self sustainment are in line with the drawdown of military contingents and civilian police.

UNAMSIL, in consultation with United Nations Headquarters, will work out a plan for the further drawdown of the force.

Also welcomes the structured, carefully planned and executed drawdown that allowed the established benchmarks to be achieved as scheduled

Requests the Secretary General to provide recommendations on a drawdown plan for UNMIL, including specific benchmarks and a tentative schedule, in his March 2006 report

25. Stresses that any drawdown on the letter of credit should be a last resort and solely for the purpose of funding the capital master plan

Debt sustainability and debt relief

The drawdown of UNMISET has proceeded in accordance with the requirement to maintain the assets and capabilities required for the implementation of the mandated tasks of UNOTIL.

Most economists failed to foresee the economic dynamics that actually led to the crisis, because they failed to pay enough attention to the rapid increase in US total debt. Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

Debt

Debt

20. Further requests the Secretary General to ensure that the lessons learned from other peacekeeping missions are applied during the Operation's drawdown, liquidation and transition to the planned follow on mission

Options for lower debt burdens on Governments of heavily indebted developing countries include debt cancellation and debt swaps for sustainable development.

As a result of the drawdown of the Mission, some military observers from certain Member States were repatriated after only 6 months instead of the normal 12 months projected in the budget.

The Mission's exit strategy, which was based on a carefully calibrated gradual drawdown of the Mission's military component and guided by specific benchmarks, was also an innovative approach by the Security Council.

To address the debt burden problem, many African countries at first resorted to repeated debt rescheduling which focused on debt service flows, resulting in steadily increasing debt stocks and related service payments.

External debt

Debt relief

External debt

Debt relief, debt swaps or debt cancellation could offer important means for mobilizing resources for accelerating progress towards the water and sanitation goals.

In support for the Mission's drawdown, UNAMSIL, together with other stakeholders, has designed a public information strategy to raise awareness about the achievements of the Mission and its exit strategy from the country.

(d) Debt burden

Restructuring Debt Restructuring

Europe s Debt Wish

China s Green Debt

Debt and Democracy

Does Debt Matter?

The Debt Delusion

Debt Without Drowning

Other debt renegotiations

Haiti External debt

External public debt

Noting with concern the continuing debt and debt servicing problems of heavily indebted developing countries as constituting an element that adversely affects their development efforts and economic growth, and stressing the importance of alleviating once and for all, where applicable, their onerous debt and debt service burden with the aim of attaining a sustainable level of debt and debt service,

Debt reduction, either through stock of debt reduction or debt service reduction based on a concessional rescheduling, will continue to be considered only in exceptional cases.

The exit strategy for UNMOs should, therefore, be derived from a thorough assessment of the potential challenges to the sustainability of the peace, rather than be dictated by a mechanical drawdown of the mission's strength.

In view of the logistical constraints described in paragraph 65 above, I would also recommend that the drawdown of the UNAMSIL presence commence in mid August 2005 and be essentially completed by 31 December 2005.

Emphasizing the important role that private sector creditors play in debt relief and debt sustainability,

Africa needs debt cancellation, as no growth can take place with a heavy debt burden.

Agreement by the G 8 to debt relief is a major event, but we should not be fooled by the seeming magnanimity of the gesture much of the debt would not have been repaid in any case. More debt relief encompassing more countries and more debt (including bilateral debt) is needed.

In addition to estimating financing gaps and identifying the sources of financing (including different scenarios of debt rescheduling), DSA includes an analysis of debt dynamics to determine the stability of debt to GDP or debt to government revenue ratios.