Servicing of external public debt

This sharp devaluation increased further the cost of debt servicing and the debt to GDP ratio.

Unlike other Latin American, Caribbean and Central American countries, Guatemala's external debt situation is stable, with normal debt servicing loads and external debt indicators in the moderate range.

(v) systematically link debt repayment and debt servicing by commodity dependent developing countries to adverse movements in prices of commodity exports and imports

We would like to express our gratitude to those donor countries which have provided debt and debt servicing relief to the affected countries.

Concerned that many developing countries continue to struggle for a durable solution to their serious debt problems, where continuing debt and debt servicing obligations adversely affect their sustainable development,

Emphasizing the importance of finding a durable solution for those developing countries that have difficulties in meeting their external debt and debt servicing obligations,

Taking note with great concern of the debt burden of many African countries, as debt servicing continues to drain the limited resources for development,

Indeed, increased debt servicing obligations resulting from higher interest rates, along with weakening export prospects, ran the risk of reproducing an unsustainable debt burden.

In some countries, debt servicing has strained valuable resources that could otherwise be channelled to development.

In 2004 the ratio of debt servicing to exports was 10.0 per cent (see figure below).

However, much more needed to be done to assist countries that had reached the completion point but continued to experience severe debt sustainability and debt servicing problems.

Debt servicing diverts resources from development, contributing to the net transfer of resources from the poor to the rich.

A significant amount of our income goes to servicing our debt, hindering the socio economic development of mountainous areas.

Today, Africa spends four times as much on debt servicing as it does on education and health care combined.

The sustainability of a country's external debt is determined by the projected flows of revenues and expenditures, including those for servicing debt, as well as changes in exchange rates.

The burden of servicing debt and the payment of arrears have a suffocating effect on the economies of developing countries.

DMFAS pays for itself by making debt servicing procedures more efficient and by checking inconsistencies in the claims of creditor agencies.

1. Takes note of the report of the Secretary General on the external debt and debt servicing problems of developing countries, including those resulting from global financial instability A 56 262.

In order to avoid debt servicing difficulties and to achieve the Millennium Development Goals by 2015 without an increase in debt ratios, exclusively grant based finance for most HIPCs is called for.

Noting with concern that some highly indebted, middle income developing countries are facing serious difficulties in meeting their external debt servicing obligations,

In addition, if donor flows have to be sterilized in order to meet monetary policy targets, this may create additional debt servicing costs.

The third assumption is that the United Nations underestimated the flight of capital and the erosion of growth due to external debt servicing.

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,

Such an arrangement would provide a cushion to protect investors from potential or unanticipated declines in the expected flow of revenue available for debt servicing.

Noting with concern that some other highly indebted low and middle income developing countries are facing serious difficulties in meeting their external debt servicing obligations,

Noting with concern the growing debt servicing problems of externally indebted developing countries, particularly the LDCs, as constituting an element adversely affecting their development efforts

One notable exception is the increase in total long term debt servicing in sub Saharan Africa by an estimated 3 billion (26.6 per cent) in 2004.

At all times, Member States would be credited the full amount tendered to the bond trustee, regardless of the assessment set aside for debt servicing purposes.

Regarding the external balance of payments deficit, which stood at about 5 billion five years ago, we reduced our expenditures that was mainly on debt servicing.

17. Recognizes the difficulties of highly indebted middle income developing countries and other highly indebted middle income countries in meeting their external debt and debt servicing obligations, and notes the serious situation in some of them in the context, inter alia, of significant liquidity constraints, which may require debt treatment, including, as appropriate, debt reduction measures

From 1970 to 2002, sub Saharan African countries received 294 billion in total disbursements from the developed countries and paid back 268 billion in debt servicing alone.

Debt servicing obligations undermine the ability of many developing countries to finance investment in human capital and infrastructure, thereby affecting economic growth and the generation of employment.

Substantive servicing of meetings substantive servicing of plenary meetings (8)

Noting with concern that some highly indebted middle income developing countries are facing serious difficulties in meeting their external debt servicing obligations owing, inter alia, to liquidity constraints,

It is also well known that a liquidity crisis can become a solvency crisis if the relief on debt servicing is not sufficient to promote a strong recovery.

The regional analyses also confirm that trade, investment and resources flows, including debt servicing, must be mutually supportive in order to lead to a critical breakthrough towards sustained development.

Reaffirming the need to consider further measures, as appropriate, for dealing with the external debt and debt servicing problems of developing countries in an effective, equitable and development oriented manner, in order to help them to exit from the rescheduling process and unsustainable debt burdens, and welcoming the efforts already made in this regard,

Substantive servicing of meetings substantive and technical servicing of Committee plenary and working group meetings (180) substantive and technical servicing of pre session working group meetings (60) substantive and technical servicing of parallel working groups (30) substantive and technical servicing of working group on petitions (40).

The financial sector s explosive growth over the past two decades has fueled the accumulation of exceptionally large volumes of debt. In the absence of some positive shock such as an acceleration of GDP growth servicing that debt becomes impossible for at least some borrowers.

He commended UNCTAD for advancing the discussion on the issue, and in particular for its proposal on linking prices of raw materials to debt servicing, and thanked WIPO for its contribution.

Fiscal consolidation has made limited headway, and, with interest rates now rising, the effect on the budget of a higher burden of debt servicing could be a matter of some concern.

Servicing of meetings

Substantive servicing of meetings substantive and technical servicing of Committee plenary and working group meetings (120) substantive and technical servicing of pre session working group meetings (40) substantive and technical servicing of working group on petitions (40)

Substantive servicing of meetings substantive and technical servicing of the meeting of States Parties (2)