(d) Bonded labour

a. a brief description of the nature of the liabilities

IV. ERADICATION OF BONDED LABOUR

Exploitation of child labour and debt bondage

(a) Nature and term of the liabilities

Debt sustainability and debt relief

It was also noted that a number of jurisdictions did not enquire as to the nature of the debtor s debts for insolvency purposes, nor did they exclude consumers or other individuals from the ordinary insolvency regime.

Debt servicing payments contribute to poverty when public revenue is diverted from productive sector expenditure, such as education, health and physical infrastructure to debt servicing.

Therefore, only current maturities and arrears were treated, and an agreement was reached that the consolidated amounts would be reimbursed over a period of 14 years, including a grace period of three years.

It was suggested that the words quot affairs of the debtor quot were not sufficiently clear and that quot affairs quot should be qualified as being of a quot financial quot or quot commercial quot nature.

The international community particularly developed countries should take substantive steps to help developing countries break the vicious circle of debt.

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

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

Participants were also concerned about the issue of conditionality attached to debt cancellation and the impact this would have on the quality of aid.

(c) the claim is based upon a mortgage or an quot hypothèque quot or a registrable charge of the same nature or

The Group of Eight Summit in Gleneagles made substantial commitments on aid volumes and debt.

Substantive 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)

(u) a registered mortgage or a registered hypothèque or a registrable charge of the same nature on the ship

(u) a registered mortgage or a registered quot hypothèque quot or a registrable charge of the same nature on the ship

In addition to estimating financing gaps and identifying the sources of financing (including different scenarios of debt rescheduling), DSA includes an analysis of debt dynamics to determine the stability of debt to GDP or debt to government revenue ratios.

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 analysis showed that, notwithstanding progress in the implementation of the enhanced Heavily Indebted Poor Countries Initiative, indebted African countries would not find themselves in a sustainable debt situation, and it recommended a debt write off for the poorest countries or the application of alternative debt sustainability criteria which would ensure a permanent exit solution to their debt overhang.

Substantive servicing of meetings substantive servicing, including plenary meetings of the Second and Third Committees (12)

(i) Substantive services to meetings

Both lending and borrowing countries must undertake effective measures to ensure debt forgiveness and debt rescheduling in order to solve that worldwide problem.

It was also in favour of debt reduction for middle income countries with obvious repayment problems and supported the Evian approach of the Paris Club under which countries not covered by the HIPC Initiative could obtain debt relief based on debt sustainability criteria.

Substantive servicing of meetings contribution to Committee meetings on matters related to inter agency affairs (1 meeting per year)

the nature of the products or services being procured

Substantive servicing of meetings

The objective is to tailor debt restructuring to the financial needs of the country concerned and to ensure debt sustainability and an exit from Paris Club debt reschedulings.

Norway was a strong supporter of debt relief and the HIPC Initiative, but more was needed to achieve debt sustainability.

33. The example of Mozambique illustrates the special efforts that may be needed by creditors to provide debt relief that would allow debt sustainability thereafter.

Substantive servicing of meetings substantive servicing, including meetings of the Second and Third Committees (20)

Substantive servicing of meetings (120)

Substantive servicing of meetings (40)

Substantive servicing of meetings (40)

Substantive servicing of meetings (182)

27. Calls for international cooperation in order to assist the States concerned in their struggle against bonded labour

The mechanism would include provisions allowing for a temporary standstill on all payments due, whether private or public an automatic stay on creditor litigation temporary exchange rate and capital controls the provision of debtor in possession and interim financing for vital current account transactions and, eventually, debt restructuring and relief.

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

(a) Staff members are international civil servants. Their responsibilities as staff members are not national but exclusively international

They should be able to participate as equal partners in the process of implementing the HIPC initiative, and the principle of debtors ownership of debt sustainability analysis should be ensured.

A. Human rights standards and the nature of State obligations

(c) The allocation of bonds and other non equity investments, including determination of the nature, term and credit rating of appropriate bonds portfolios.