The debt situation has also improved.

Cancellations of prior years' obligations amounted to 17.5 million or 20 per cent of prior years' unliquidated obligations in 2004, compared to 18 million or 23 percent in 2003, and 13.1 million or 17 per cent in 2002.

The increase in 2003 compared to 2002 was due primarily to the significant increase in the supplementary programme budget.

Management continues to pay close attention to the amounts recorded as unliquidated obligations throughout the year.

Management systems renewal project (MSRP)

This integration of information systems is a major step towards the availability of on line real time financial and related management information.

Debt situation of the developing countries as of mid 1998

While the international strategy for improving the debt situation had helped many countries regain access to external financing, the debt situation of the poorest countries remained critical.

There had been continued improvement in the overall debt situation, with the exception of the poorest, most heavily indebted countries.

The non expendable property, disclosed in Note 11 to the financial statements, was owned by the organisation and was free from any charge.

There was also a need to consider the situation of debt distressed non HIPC low income countries as well.

Troop liabilities will be reviewed on a quarterly basis and paid on the basis of each mission's cash position.

(a) Report of the Secretary General on the debt situation of the developing countries as of mid 1998 (A 53 373)

Financial position

Those overall trends, while indicating a somewhat improved debt position of developing and transition countries in 1997, mask a continued overhang of debt in many African countries.

The better than expected cash position resulted from additional voluntary contributions received, interest income earned, savings on prior period obligations as well as delays in the liquidation of current period obligations.

A. Financial status 138 144 24

B. Financial status 124 129 22

However, because of improved economic performance in the debtor countries, the overall ratio of debt to exports and the ratio of external debt to gross domestic product had declined to their lowest levels since the onset of the debt crisis.

The debt indicators show what would be expected to be a sustainable debt position.1 The debt service ratio measured 13 per cent, the debt stock to exports ratio 114 per cent, the debt stock to GNP ratio 31 per cent, and short term debt to foreign exchange reserves ratio 53 per cent as noted, however, those figures obscure diverse trends at the country level.

In 2011, FFP shifted from focusing on clubs' debts to monitoring their losses instead.

7. Emphasizes the great importance of a timely, effective, comprehensive and durable solution to the debt problems of developing countries since debt financing and relief can be an important source of capital for economic growth and development, and also emphasizes that creditors and debtors must share responsibilities for preventing unsustainable debt situations

Emphasizes the great importance of a timely, effective, comprehensive and durable solution to the debt problems of developing countries since debt financing and relief can be an important source of capital for economic growth and development, and also emphasizes that creditors and debtors must share responsibilities for preventing unsustainable debt situations

Emphasizes the high importance of a timely, effective, comprehensive and durable solution to the debt problems of developing countries, since debt financing and relief can be an important source of capital for economic growth and development, and emphasizes that creditors and debtors must share responsibilities for preventing unsustainable debt situations

Specific measures shall be formulated by the securities regulatory agency under the State Council.

24. It is the accumulation of arrears, moreover, that is the fundamental problem underlying SSA apos s debt overhang.

Where the security right at issue (which secures the debtor's obligation) is granted by the debtor, the term debtor also refers to the grantor.

It was pointed out that applications for recognition of foreign proceedings required expeditious treatment, as they were often submitted in circumstances of imminent danger of dissipation or concealment of the debtor s assets or serious aggravation of the debtor s financial situation.

Financial situation of the Fund

Current financial situation

Financial well being of the families

Status of the operations of the Court

And your finance? And your business?

The international community must continue to monitor the evolution of the debt problem, and take measures to ensure that it did not worsen.

VII. FINANCIAL SITUATION, 1996 1997 57 77 27

IX. FINANCIAL SITUATION, 1998 1999 110 125 42

12. Financial position, 1997 1998 28

16. Financial position, 1998 1999 43

VII. FINANCIAL SITUATION, 1996 1997

IX. FINANCIAL SITUATION, 1998 1999

Table 16. Financial position, 1998 1999

Nonetheless, Argentina s latest debt trauma shows that the global system for sovereign debt workouts remains badly in need of repair. Deepening domestic debt markets and perhaps change along the lines proposed by the IMF is sorely needed.

The eligibility criteria should be flexible enough to take into account different debt situations and to include all LDCs which are truly in need of debt reduction and which are undertaking the necessary reforms.

Even for those benefiting from the HIPC Initiative, the economic conditions on which their debt relief was based have considerably worsened, and several countries, including those few that received debt relief, have backtracked into further unsustainable debt.

2 The risk control indicators comply with the relevant stipulations and the financial status and compliance status are sound