Taking note of the report of the Secretary General on external debt crisis and development,A 57 253.

We need to deepen our thinking on debt sustainability and on taking into account the outside shocks that are too frequent in Africa.

Taking note of the report of the Secretary General on recent developments in the debt situation of developing countries,A 55 422.

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

The document will also assess medium term prospects for export led growth, taking into account recent trends in investment, the external debt burden and the possible impact of the new debt initiative on heavily indebted poor countries (HIPCs).

87. In his view, the external debt problem should be addressed on a case by case basis, taking into account the situation of both debtors and creditors.

In October 2003, Paris Club creditors agreed on the Evian approach to deal with the debt of non HIPC low income and middle income countries, taking into account not only the financing gaps but also the medium term debt sustainability of these countries.

Proposals on debt restructuring frameworks

Group of 77 (on debt)

Options for lower debt burdens on Governments of heavily indebted developing countries include debt cancellation and debt swaps for sustainable development.

On the debt burden, we applaud debt relief for the highly indebted poor countries.

How to Default on Sovereign Debt

Interest on index linked debt instruments

3. Emphasizes the need for additional debt reduction measures, in particular, cancellation or partial reduction of the official debt or debt service, and consideration of other possible specific forms and means of resolving the external debt problem of the developing countries, including rescheduling agreements, and for an urgent solution to the commercial and multilateral debt owed by developing countries, taking into account the needs of debtor countries

This confers on them a funding advantage and completely distorts markets. These subsidies are dangerous they encourage excessive risk taking and very high leverage meaning a lot of debt relative to equity for each bank and far too much debt relative to the economy as a whole.

Group of 77 (on the draft resolution on debt)

Most economists failed to foresee the economic dynamics that actually led to the crisis, because they failed to pay enough attention to the rapid increase in US total debt. Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

Group of 77 (core group on debt)

Group of 77 (core group on debt)

96. A framework for action on debt.

Taking On Revisionist Russia

To address the debt burden problem, many African countries at first resorted to repeated debt rescheduling which focused on debt service flows, resulting in steadily increasing debt stocks and related service payments.

There is therefore a need for further analysis of the debt sustainability concept, taking on board the views of other experts,32 and there is an obvious need for capacity building on this issue in debtor countries.

His delegation therefore supported the application of the debt burden adjustment based on the debt stock approach.

Debt reduction, either through stock of debt reduction or debt service reduction based on a concessional rescheduling, will continue to be considered only in exceptional cases.

94. The need for additional action on debt.

Stop taking bows. Come on.

You're taking on too much.

How about taking me on?

Taking what out on you?

Taking her on without references?

Thus, the Paris Club's Evian approach relies on IMF Debt Sustainability Analysis for determining the terms of debt reschedulings.

33 UNCTAD is implementing a project on development strategy and debt sustainability, which also integrates aspects of debt management.

A deal was finally reached in June 1998 on the restructuring of interbank debt, corporate debt and trade credits.

Debt sustainability and debt relief

There have been many proposals on debt restructuring mechanisms.

Oral statements in plenary on CTT and debt sustainability.

Oral Intervention on Debt was made at this session.

Chamba Kajege, Tanzania Coalition on Debt and Development (TCDD)

Training programme on legal aspects of debt management (Egypt)

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.

Oral statements on global governance and debt and written statement on trade.

Taking it easy on the floor.

Don't go taking off on me.

Invites donor countries, taking into account country specific debt sustainability analyses, to continue their efforts to increase bilateral grants to developing countries, which could contribute to debt sustainability in the medium to long term, and recognizes the need for countries to be able to invest, inter alia, in health and education while maintaining debt sustainability