External debt

External debt

(c) External debt

(a) External debt

External debt

External debt and debt servicing costs had also risen.

Haiti External debt

External debt and development

The external debt of poor countries

External public debt

C. External debt

Aspects of external debt

The existing international strategies for debt reduction and rescheduling were insufficient to alleviate the debt burden of heavily indebted poor countries.

36. Africa s external debt burden is the highest among developing countries in terms of the ratio of external debt to GDP and its debt service ratio.

3. External debt of the heavily indebted poor countries (HIPCs), 1992 1996

In particular, the issuance and subsequent repayment of external debt can account for large swings in such liabilities.

Bleed the Foreigner

(b) External debt and finance for development

3. Foreign debt (paras. 189 198)

213. Multilateral debt accounts for a high proportion of the external debt of a number of heavily indebted developing countries.

26. During the period 1985 90, the country apos s external debt grew geometrically at 2.5 a year. In 1990 aggregate debt stood at US 4,312.9 million this growth was primarily due to arrears in international payment commitments. Service payments on this debt fell by 47.9 compared with their 1987 level.

(c) External debt crisis and development

Treatment of foreign creditors

(a) EXTERNAL DEBT CRISIS AND DEVELOPMENT

(d) Chapter VIII (section B) .

(d) External debt crisis and development.

Permanent Representative of

Third, while pesification removes balance sheet losses from domestic foreign currency debts, external contractual obligations cannot be redenominated unilaterally. Thus, the exit from the dollar peg requires a restructuring of external debt, both sovereign and corporate.

Section 1514 provides for additional time to be given to foreign creditors with respect to notice and submission of claims.

58 203. External debt crisis and development

59 223. External debt crisis and development

60 187. External debt crisis and development

61 188. External debt crisis and development

Subprogramme 3 Development of Pacific island countries and territories

There were currently no arrears on the public external debt.

(b) External debt crisis and development (continued)

External debt crisis and development

(iv) No adjustment for external debt

Note 18. Contingent financial liabilities

The gravity of the situation was even clearer in the case of Africa, since at the end of 1995 the accumulated principal and interest arrears on long term debt constituted nearly one third of external debt.

Nevertheless, external debt and debt servicing problems persisted, particularly in the poorest and heavily indebted countries.

In that regard, his delegation welcomed the update of the international debt strategy provided by the Development Committee, in particular, debt structuring, either rescheduling or partial cancellation of debt servicing obligations due over a period of time, or reduction in the stock of debt itself.

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.

Moreover, when countries had no capacity to service their external debt, debt cancellation did not generate more resources for development, although it did improve debt indicators.

Until the late 1990 s and the advent of monetary union, most government debt in the European Union was domestically held in 1998, foreigners held only one fifth of sovereign debt. That share climbed rapidly in the aftermath of the euro s introduction.