Mr. Don Mitchell, Senior Economist, World Bank

Source World Bank, World Debt Tables 1996 (Washington, D.C., World Bank, 1996).

1970 1981 Attorney, then from 1975, Senior Counsel, Legal Department, World Bank.

Commercial bank debt is renegotiated within the London Club, while the International Development Association (IDA) Debt Reduction Facility provides funding for the buy back of commercial bank debt of low income countries.

World Bank, Debt Tables, 1994 1995 (Washington, D.C., 1996).

A. World Bank . Contacts with the World Bank at the senior and working levels have been intensified and streamlined.

In the area of debt management, the Bank supports the Debt Management and Financial Analysis System (DMFAS) through a joint programme.

The senior management of the Asian Development Bank has approved a UNDCP proposal to set up a focal point on drug control within the Bank.

In June 2004, the World Bank and WFP agreed to expand this cooperation through the secondment of two senior World Bank staff members to WFP Headquarters.

20. Reduction of commercial bank debt has also been gradually introduced within the London Club in the treatment of the 1980s sovereign debt crisis.

Turkey welcomed the joint World Bank International Monetary Fund Heavily Indebted Poor Countries Debt Initiative.

Those data are not necessarily comparable with World Bank data, especially concerning short term debt.

There was a marginal decline in the external debt owed to two multilateral institutions, the Caribbean Development Bank and the European Investment Bank.9

But, by lowering long term interest rates, central bank purchases of government debt can help contain government debt service. In this way, QE can keep solvent a government that otherwise would be insolvent a nightmare scenario for a central bank.

Thanks the Islamic Development Bank for its contribution to the Debt Relief in favour of Member States.

Fifteen middle income countries have reduced by 20 per cent their commercial bank debt of 213 billion.

73. His delegation welcomed the initiatives taken by the World Bank and IMF to address the external debt problem, in particular their Heavily Indebted Poor Countries Debt Initiative.

In 1996, the IMF and the World Bank launched a debt initiative for heavily indebted poor countries with the objective of bringing their debt burdens to sustainable levels.

Debt relief and debt sustainability also needed to be addressed adequately as soon as possible in order to help achieve the Goals and Viet Nam welcomed the decision of the Group of 8 to cancel the outstanding debt to the World Bank, the IMF and the African Development Bank of 18 low income countries.

Meanwhile, governments were running large deficits a legacy of the economic downturn which renewed growth was supposed to shrink. In the eurozone, countries like Greece faced sovereign debt crises as bank bailouts turned private debt into public debt.

The Committee s meetings provide a formal, international arena for policy discussions among senior bank managers and 26 NGO leaders from around the world.

This is the debt relief promised, a promise we must keep at the World Bank and IMF annual meetings.

One Member State asked if a bank could recover the debt of a listed individual from a frozen account.

It also met with a representative of the World Bank to discuss issues related to data on external debt.

Moreover, a debt reduction in the form of further interest rate reductions and maturity extensions on foreign government held debt would not hurt financial markets. But debt held by the European Central Bank and the IMF could pose a problem.

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.

11 The present section draws on World Bank Global Development Finance, 1998, appendix 3, Commercial debt restructuring , pp. 83 102.

Senior officers in the Judea and Samaria (West Bank) district police claimed that the decision was made following pressure by settlers in the town, a charge denied by the Judea and Samaria (West Bank) police spokesman.

Senior personnel assistant Senior administrative assistant (Requisition)

The Central Bank of Uruguay deducted the amount of the sale from Cuba's debt to Uruguay, while the Central Bank of Cuba did not recognize the transaction, deeming it to be a donation, so that in its view, and in its books, the debt to Uruguay remained the same.

According to a senior official, between 30 and 40 settlements in Samaria, Judea (West Bank) and Gaza would enjoy the status of confrontation line communities .

Such initiatives should include efforts by IMF and the World Bank to develop a debt sustainability framework for low income countries.

The International Monetary Fund and the World Bank have been working towards a revised, more forward looking approach to debt sustainability see Operational Framework for Debt Sustainability Assessments in Low Income Countries , paper prepared by the staffs of the International Monetary Fund and the World Bank, Washington, D.C., 28 March 2005.

Senior?

114. On the question of debt, the World Bank, IMF and other donors had agreed on a programme to combat that problem.

Anguilla s external public debt totalled US 8.5 million in 1995 (of which 72 per cent was owed to the Caribbean Development Bank).

Where realistic debt restructuring scenarios indicate capital shortfalls, across the board conversion of bank debt into equity will be necessary. And where this does not suffice, banks will need immediate capital injections by their governments.

40. In considering this element of the scale, the Committee had before it information obtained from the World Bank on debt stock, principal repayments, the ratio of debt to national income and the ratio of debt service to export earnings for a number of Member States.

All internal auditors must immediately inform the members of the board of directors and the senior management of the bank of any irregularity that they might observe.

The position held is a senior managerial position in the World Bank, being a headship of a separate independent department, the administrative oversight for which is vested in the Vice President and Secretary of the Bank with whom I deal directly.

Zambia welcomes the steps taken by the International Monetary Fund and the World Bank to implement the Heavily Indebted Poor Countries Debt Initiative.

7. The Panel also discussed the recent initiative by the World Bank and IMF on the debt of the heavily indebted poor countries.

Nicaragua, specifically, was one of the eight countries whose debt was quot unsustainable quot according to the recent analysis of the debt sustainability of the heavily indebted poor countries carried out by the World Bank and IMF.

The System will be reinforced in the future by an interface with the debt strategy module used by the World Bank for debt sustainability analysis it is currently installed in 55 countries, of which 21 are HIPCs.

38. Between 1989 and 1997, officially supported programmes and associated market swap operations reduced developing countries debt to commercial banks by 53.2 billion, equivalent to 23 per cent of the 231.2 billion of eligible commercial bank debt.