The burden of external debt, which we inherited, needs to be addressed.

Finally, it is important to recognize the contribution that efficient and equitable burden sharing between debtors and creditors can make to alleviating unsustainable debt burdens.

Firstly, the concept of the sustainability of the debt burden must be defined.

The debt burden of most countries in the region became unsustainable.

That burden is far too heavy for many of those countries.

(d) Debt burden

22. An environmental liability should be recognized when there is an obligation on the part of the enterprise to incur an environmental cost.

Moreover, the Initiative did not address the debt burden of many heavily indebted countries, either because they were not among the poorest countries or because their debt burden was considered sustainable .

F. Debt burden adjustment . 40 41 20

F. Debt burden adjustment

Due consideration must also be given to the element of debt burden adjustment, particularly since most of the least developed countries were overwhelmed by their debt burden.

This debt burden is unsustainable for most of the African countries concerned.

(a) To simplify debt sustainability analysis18 and fully involve debtors in determining sustainability criteria (debtors ownership of debt sustainability analysis)

Article 27Where an enterprise (debtor) enters into an agreement with a creditor so as to substitute the existing financial liabilities by way of any new financial liability, and if the contractual stipulations regarding the new financial liability is substantially different from that regarding the existing financial liability, it shall terminate the recognition of the existing financial liability, and shall at the same time recognize the new financial liability.

F. Recognition of Environmental Liabilities

Reducing debt burdens

In recognition of the fact that many of the poorest developing countries continue to face unsustainable debt burdens, the Heavily Indebted Poor Countries Debt Initiative was launched in September 1996.

Cutting the burden of Africa's debt

93. An unsustainable burden of debt.

D. Debt burden adjustment

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

F. Recognition of environmental liabilities 22 30

(1)In the active market, the quoted prices of an enterprise for the financial assets it holds or the financial liabilities it plans to assume shall be the present actual offer, while the quoted prices of an enterprise for the financial assets it plans to acquire or the financial liabilities it has assumed shall be the available charge.

Beban Utang Tersembunyi pada Negara negara Emerging Market

Equally worrying is Africa's unsustainable debt burden.

C. Balance of payments constraint and the debt burden

This reality, added to the foreign debt and debt servicing, represents serious difficulties affecting the degree of fulfilment of the Government apos s obligations under the Convention.

Debt relief is, however, dependent on all creditors spreading the burden fairly among themselves.

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

The burden of external indebtedness is one of the most serious obstacles to progress.

The Panel was informed that the initiative had been designed to resolve the debt problems of heavily indebted poor countries by reducing the external debt burden to sustainable levels, so as to ensure that adjustment and reforms in those countries were not exposed to risks arising from indebtedness.

(1)The purpose to acquire the said financial assets or undertake the financial liabilities is mainly for selling or repurchase of them in the near future

The debt burden adjustment must continue to be applied as a mark of the international community's solidarity with countries burdened by debt, particularly LDCs.

The burden of the debt has pauperized our peoples.

Significant steps have also been taken to reduce the burden of debt on the most heavily indebted poor countries.

However, it is important to recognize that the primary burden is usually borne by the countries and communities directly concerned.

First, debt relief arrangements should seek to avoid imposing any unfair burdens on other developing countries and secondly, resources made available for debt relief should not detract from ODA flows.

Africa needs debt cancellation, as no growth can take place with a heavy debt burden.

The burden of transitional period, concerning the employment, is mainly carried out by women.

Nepal is also bearing the burden of refugees.

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

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

Who, if anyone, will assume responsibility for any national debt?

I admit I have no right, but I owe a lot

The debt burden is crushing hopes for the relaunching of its development.