Stronger, longer term financing might have allowed these firms to survive. If a Tobin tax induced financial institutions to finance themselves with more longer term debt and less overnight repo, it could play a significant stabilizing role.

The Argentine Government undertook a first debt swap in June 2001 government bonds with a face value of 29.5 billion were voluntarily exchanged for longer term instruments.

We had a longer term time perspective.

The expert from the IMF gave a presentation on the recently adopted Multilateral Debt Relief Initiative (MDRI) to help the Heavily Indebted Poor Countries (HIPCs) meet the Millennium Development Goals, foster longer term debt sustainability, and improve balance of payments positions.

Several delegations mentioned that only with a longer term outlook and longer term assistance could the United Nations help address the structural causes that have led to conflict.

13 For example, the longer term economic and social benefits.

And the longer you could interact with one of these interventions, well that's indicative, potentially, of longer term success.

The recruitment of longer term staff would be more geographically representative.

Longer term administrative arrangements of the United Nations Joint Staff Pension Fund

But the longer term social impact is a reduction in population growth.

The Secretariat should explain what type of longer term arrangements it envisaged.

As such, it is longer term. A significant initiative has been the

For the longer term, other innovative sources of financing must be considered.

This allows for a broad base of support that goes beyond short term activities to foster a longer term impact.

Alongside short term goals, the United Nations, with academia and civil society, needs to consider longer term scenarios and desired outcomes.

In post conflict countries, shorter term humanitarian relief must help form the basis for longer term development efforts to achieve the Goals.

Administrative arrangements and longer term objectives of the United Nations Joint Staff Pension Fund

(a) Part one a plan outline, reflecting the longer term objectives of the Organization

Existing arrangements do not allow developing countries to overcome their longer term payments constraint.

Many countries are collaborating on innovative nuclear research and development for the longer term.

Such efforts are designed to create a solid foundation for longer term development projects.

In terms of capacity building and governance, they are platforms for longer term effectiveness.

This serves to enhance the multiplier effect and longer term impact of the mission.

In June 2004, the Evian approach was applied to examine the debt of Gabon, and the Debt Sustainability Analysis concluded that Gabon's debt is sustainable in the short term.

It is important that more attention is now paid to public liabilities not only growing sovereign debt, but also larger, non debt liabilities embedded in social insurance programs. A combination of defective growth models, rising longevity, and unanticipated increases in costs (such as health care in America) have caused these longer term liabilities to explode.

There are several longer term development policy issues facing the countries in the ESCAP region.

13 IMF Bolivia Ex Post Assessment of Longer Term Program Engagement, Staff Report, April 2005.

To be effective, however, peacebuilding must also address longer term economic and social development issues.

In the very near term, certainly indeed, interest rates could still fall further. Over the longer term, however, this situation is definitely not stable.

Clearly, the eurozone s muddle through approach no longer works. Unless the eurozone moves toward greater economic, fiscal, and political integration (on a path consistent with short term restoration of growth, competitiveness, and debt sustainability, which are needed to resolve unsustainable debt and reduce chronic fiscal and external deficits), recessionary deflation will certainly lead to a disorderly break up.

Local currency government debt markets have performed fairly well during the crisis, while local currency corporate debt markets have played a more modest role as a vehicle for longer term finance. This suggests that domestic reforms aimed at reducing issuance costs, improving disclosure requirements, enhancing creditors rights frameworks, and tackling other inhibiting factors could bring high returns.

The SCCF funds projects in priority areas of intervention with a longer term approach and strategy.

It winds up borrowing temporarily with short term debt then, as borrowing accumulates, it is refinanced with longer term securities. Spending is temporarily reduced and taxes raised, but the long run structural deficit remains, a pattern now repeated in many state capitals and the primary reason for the current political turmoil over budgets and public sector unions.

Schauble advocates a longer term solution a European Monetary Fund (EMF) to provide emergency lending to countries at risk of default on their sovereign debt. Emergency lending would come with a prohibitive price tag, strict conditions, and mandatory penalties in the event of non compliance.

Instead, the panel recommended focusing investment on research into climate engineering as a short term response, and on non carbon based energy as a longer term response.

Long term sustainability of debt depends mainly on the growth and export prospects of debtor countries.

In the medium and longer term, we will need to consider much more radical reforms to address these.

Australia, too, has demonstrated its willingness to assist and is committed to the longer term rebuilding of Afghanistan.

In the longer term, security, safety, peace and stability should be home grown and sustained without outside help.

If Europe could show in the worst possible scenario of sovereign default how such a process might operate, uncertainty would be reduced and markets would be reassured. And, in the longer term, we would have a viable international model of how to tackle severe sovereign debt problems.

Our short term goal for this is to be half the price of solar cells and our longer term goal is to be less than a five year payback.

Part of the problem is blinkered decision making. EU leaders focus narrowly on limiting short term financial and political costs, rather than thinking strategically about broader longer term consequences.

The Government aims to conduct a study on the situation of older persons in the short term and to elaborate a national policy on ageing in the longer term.

The Quartet's Special Envoy, James Wolfensohn, has identified six short term and three longer term challenges to economic recovery and is working closely with the parties on those issues.

In the longer term, we are also working with partner Governments in support of an international arms trade treaty.