Almost 80 per cent of Africa's debt is owed to official institutions, about one third of which is multilateral debt owed mainly to the International Monetary Fund (IMF) and World Bank.

India did its part by writing off the debt owed by African countries under the HIPC Initiative and by restructuring commercial debt.

Furthermore, the debt owed by HIPCs to other multilateral banks is not covered by the plan.

I wish to highlight the serious debt relief measures that Slovakia took earlier this year, forgiving several hundred million dollars in debt owed by heavily indebted poor countries.

Even if the face value of the Greek debt were not reduced, a maturity extension would still provide massive debt relief on a present value basis to Greece as a euro of debt owed 30 years from now is worth much less today than the same euro owed a year from now. Moreover, a maturity extension resolves rollover risk for the coming decades.

We recognize that the agreement does not cover bilateral debt and debt owed to other multilateral credit institutions, and we call for measures to address those issues in order to address the debt burden in Africa comprehensively.

Public debt includes not only the federal government s current 13.2 trillion, but another 3 trillion owed by America s states, counties, and cities. In addition, there is the 3.9 trillion in debt owed by America s government backed housing finance agencies (Fannie Mae, Freddie Mac, and others), which currently underwrite more than 90 of all US mortgages.

Recent steps taken by the Group of Eight to write off 40 billion in debt owed by 18 countries, mainly African, were welcomed.

The remainder of the total external debt stock of Iraq, approximately 80 billion, is largely owed to official Arab bilateral and commercial creditors.

Recent steps taken by the Group of Eight to write off 40 billion in debt owed by 18 countries, mainly in Africa, were welcomed.

Everyone knows what financial debt means money owed, often borrowed. To be in debt can produce anxiety if one is uncertain whether, when the time comes, one will be able to repay what one owes.

In response to calls for debt cancellation, China and India have forgiven significant amounts ( 1.2 billion and 500 million, respectively) owed by other developing countries.

Russian companies have to repay or refinance about 300 billion of debt over the coming two years. Some of this debt is owed to Russian companies offshore owners, who will certainly be happy to roll it over.

The G 8 finance ministers have agreed to cancel 40 billion of debt owed by eighteen of the world s poorest countries. This is a triumph for common sense.

In this regard, we welcome the recent proposal by the G 8 to cancel 100 per cent of outstanding debt owed by 18 countries, including 14 from Africa.

At the end of 2002, African countries owed a total of 296 billion to creditor countries and institutions, of which an amount of 211 billion was owed by the countries of sub Saharan Africa.8 This debt grew from 120 billion in 1980 to 340 billion in 1995.

In Saudi Arabia, the most highly indebted country of the Gulf Cooperation Council, total government debt increased to some 75 per cent of GDP in 2003 however, only some 23 per cent of total debt is owed to external creditors.

The fact is that Greece had no right to borrow from German or any other European taxpayers at a time when its public debt was unsustainable. Before Greece took any loans, it should have initiated debt restructuring and undergone a partial default on debt owed to its private sector creditors.

16. Stresses the need to continue to take effective measures, preferably within the existing frameworks, to address the debt problems of the least developed countries, including through cancellation of the multilateral and bilateral debt owed by least developed countries to creditors, both public and private

20. Stresses the need to continue to take effective measures, preferably within the existing frameworks, to address the debt problems of the least developed countries, including through cancellation of the multilateral and bilateral debt owed by least developed countries to creditors, both public and private

The eurozone today does not have a foreign debt problem all of the debt in question is in euros, and most of it is owed by European governments to their own countries banks. But this is a toxic combination, as Greece and Italy have discovered.

Unemployment remains far too high, with alarming levels of long term and youth joblessness. Public debt remains too high as well, and, making matters worse, much more of it is now owed to official rather than private creditors (which would complicate debt restructuring should it become necessary).

Unemployment remains far too high, with alarming levels of long term and youth joblessness. Public debt remains too high as well, and, making matters worse, much more of it is now owed to official rather than private creditors (which would complicate debt restructuring should it become necessary).

I owed him a thousand dollars.

A thousand yen is owed to you.

His recipe? Western countries should write off half a trillion dollars worth of debt owed to them by the Russian state corporations run by his pals from the Dresden KGB and the Ozero dacha cooperative.

(ii) Recovery of moneys owed to the Organization

Their litigation strategy took advantage of a standard contractual clause (called pari passu) intended to ensure that all claimants are treated equally. Incredibly, the US Court of Appeals for the Second Circuit in New York decided that this meant that if Argentina paid in full what it owed those who had accepted debt restructuring, it had to pay in full what it owed to the vultures.

The Government still owed arrears of salaries to civil servants.

The UK was the only country that made an effort to pay. Having failed to collect what other countries owed it, Britain continued to pay the US for ten years, suspending debt service only in the depth of the Great Depression.

We are also grateful to our development partners for the 100 per cent cancellation of debt owed to the major multilateral institutions extended to selected countries, including Ghana, which was announced on 11 June 2005 by the Group of Eight.

This is especially important for Indonesia, which must service a debt of 132 billion (of which 70 billion is owed to public creditors or guaranteed by government agencies). Even without the tsunami, this debt burden would have been an enormous hindrance to the country s development as it finally recovers from the aftermath of the 1997 financial crisis.

In April 2004, Ethiopia reached the completion point under the enhanced HIPC Initiative, and in May 2004 it benefited from a 90 per cent reduction in the net present value of its debt stock, thus reducing the country's debt owed to Paris Club creditors from US 1,087 million to US 153 million in net present value terms.

Of the 73 million outstanding as at 7 October, the United States and Japan both owed about 28 million, Argentina owed over 3 million, and Brazil accounted for over 2.6 million.

The programme would follow guidelines recently set out by the Government of Spain, aimed at contributing to the human development of Ibero American member countries by carrying out educational and cultural programmes to replace the debt owed by those countries to Spain.

The balance of 11 million was owed by 108 other Member States.

At that time, 113 Member States owed a total of 80 million.

The 1932 default on Britain s WWI loans from America remains the largest blemish on the UK s debt history, but the background is crucial. The world emerged from the Great War in the shadow of a mountain of debt that the victorious Allies owed to one another (the US being the only net creditor), and by the losers to the victors.

By adding a fine, what they did was communicate to the parents that their entire debt to the teachers had been discharged with the payment of 10 shekels, and that there was no residue of guilt or social concern that the parents owed the teachers.

But, in both cases, the lender was distant and anonymous. American mortgages were no longer held at the local bank, but had been repackaged in esoteric financial instruments and sold around the world likewise, Greek government debt is in large part owed to foreigners.

(b) The obligation breached is owed to the international community as a whole.

The buyer was ordered to pay the outstanding amounts owed on the contract.

The author and the company signed a conciliation agreement before labour court No. 4 in Murcia, terminating the employment contract, and the money owed to the author in terms of salary and redundancy pay was deducted from the total debt he had acknowledged in January 1989.

The Global Fund began operations in 2002, financing prevention, treatment, and care programs for the three diseases. High income countries also finally agreed to reduce the debt owed by heavily indebted poor countries, allowing them to spend more on health care and less on crippling payments to creditors.

Because many of these countries carry a sizeable amount of debt owed to private creditors, efforts need to be continued to find an internationally agreed mechanism that could help prevent financial crises in the future and lead to more equitable burden sharing between debtors and creditors in crisis situations.