Closely related to ODA is the issue of external debt.

A third crucial issue was debt relief for poor countries.

Our new issue.

Furthermore, we must address and objectively analyse the issue of debt.

The first decision was linked to the issue of external debt.

A New Deal for Debt Overhangs?

The issue of debt work out mechanisms was also an important part of debt sustainability considerations and merited further discussion.

A New Approach to Eurozone Sovereign Debt

For many developing countries, the issue of resource flows cannot be dissociated from that of the external debt problem. Figures continue to indicate that the overall debt of developing countries is still on the increase. We believe that new, comprehensive and coordinated approaches to the debt and debt servicing problem have to be adopted, including outright forgiveness.

Secondly, we welcome the handling of the debt issue through the outright cancellation of the debt of 18 of the poorest countries.

Efforts should be made to establish a new world financial order, allowing for greater cooperation between the United Nations and the Bretton Woods institutions, in order to create new and innovative methods to deal with the debt issue.

Furthermore, it was emphasized that the issue of debt sustainability must continue to receive special attention, because it goes beyond the policies of debt remission.

Can we engineer new debt contracts for countries like Argentina?

The new non concessional debt more than offset the debt relief received, although export earnings have increased since 2001.

48. The problem of external debt was closely linked to the issue of financing for development.

25. A number of debt relief initiatives have, over the years, been taken to tackle the issue of external debt of developing countries. They have not effectively solved the external debt problem of African countries.

Any new issue must be directly trade related.

In countries that cannot issue debt in their own currency (traditionally emerging market economies), or that issue debt in their own currency but cannot independently print money (as in the euro zone), unsustainable fiscal deficits often lead to a credit crisis, a sovereign default, or other coercive form of public debt restructuring.

169. Concern was expressed about the non inclusion of the issue of external debt in programme 28.

B. Issue 5 (Implications of a new basic document)

Figure 2 shows the breakdown between new (net) transfers and debt forgiveness.

But there were also calls for action on the issue of debt in all heavily indebted African countries.

International Conference on Financing for Development, Monterrey, Mexico, March 18 22, special focus on thematic issue International Debt.

Furthermore, the ever present issue of foreign debt remains an obstacle to economic growth in many developing countries.

Issue 1 Connecting factors Draft article 72, proposed new definitions, proposed new article 72 bis

The Government of Iraq must conclude further debt relief agreements and must also find a comprehensive solution to the issue of reparation obligations, which significantly exceed the external debt stock.

Some countries achieved a real exit from a debt crisis, while others continued to face a lingering debt problem or are considering new debt renegotiations (as in the case of Ecuador).

Two new pieces of legislation address the issue of maternity.

Again, this is an urgent issue for the new Government.

The first phases of that treatment, from 1982 to 1988, relied on debt reschedulings and new liquidity support, together with a market menu of options, which allowed limited amounts of voluntary debt reductions through debt securitization at a discount, debt equity swaps and debt buy backs.

For countries that have reached the completion point, the challenge is to achieve lasting debt sustainability and avoid falling into a new debt trap.

A better solution would be to create a new, independent fiscal body to establish borrowing targets for individual member states, together with a European debt agency to issue eurobonds (up to a certain level) on their behalf.

Under Chapter 11, companies with a solid underlying business generally swap debt for equity. Old equity holders are wiped out and old debt claims are transformed into equity claims in the new entity which continues operating with a new capital structure. Alternatively, the debt holders can agree to reduce the face value of debt, in exchange for some warrants.

So far, only New Zealand has clear guidelines on this issue.

B. Issue 5 (Implications of a new basic document) 63 70

And we women are going to lead the way in this new revolution, this new feminist issue.

So we could say, well, a new figure comes out ... let's see African debt.

New repayment modalities must therefore be put in place to reduce the debt burden.

It is time to rethink the problem and to devise new financial mechanisms to resolve the debt problem that do not lead to debt accumulation.

The amount of debt relief would then be determined on the basis of expected development assistance and the need to avoid a new debt overhang.

In 1998, the National Assembly passed a new law allowing the Ministry of Finance to issue an additional amount of 200 million in a new issue of bonds for indemnification.

Invite the Bretton Woods institutions to consider the issue of debt sustainability and the implications of an HIPC initiative for Haiti.

The United States media, for example The New York Times, in its 31 December 1997 issue, dealt openly with this issue.

First, taking over a stock of existing state debt at the federal level is very different from allowing individual member states to issue bonds with joint and several liability underwritten by all member states collectively. Hamilton did not have to worry about moral hazard, because the federal government did not guarantee any new debt incurred by the states.

The African Group welcomed the proposal by G8 leaders for 100 per cent cancellation of debt owed by 14 African HIPC completion point countries and the Paris Club negotiations for the comprehensive debt treatment for Nigeria as important steps in addressing the issue of debt sustainability.