Interest and Surcharge on Arrears of Maintenance Ordinance 20032

c Defaulted on restructured loans, December 1998 defaulted on interest arrears notes, June 1999.

Interest and Surcharge on Arrears of Maintenance Ordinance 2003 299 101

Regarding interest on or indexation of arrears, should the General Assembly decide to introduce interest charges on arrears, the rate should be fixed at a low level and should not have retroactive effect, and the annual rate should not exceed 1 per cent.

It entitles maintenance payees to automatic interest on the amount of maintenance in default.

Here you are, Dobbs. What I owe you with interest.

In comparison with other developing regions, the debt expansion attributable to rolling over interest arrears is therefore singularly large.

The major contributor accounted for 60 per cent of all amounts owed to the Organization.

The most important of these are lack of access to information, the measurement of loan delinquency, setting of interest rates, designing lending procedures and developing business projects.

The Member State with the largest arrears should clear them unconditionally and without delay.

Interest on advances

taxes and duties due and

Further, the administration will advise partners that the provision for charging interest on arrears will be enforced.

He was concerned, however, at the higher level of unpaid assessments, the higher amounts owing to troop contributors, and the continued practice of cross borrowing to finance regular budget expenditures.

(iii) in case, among the receivables, there is any money owed to a voting entity shareholder holding 5 or more shares of the Company, it is required to make disclosure of the name of the entity shareholder, the amount in arrear and the nature of such arrear.

More ominously, the conversion of these cumulative arrears on interest payments into short term debt accounts for one third of the total increase in debt in the region since 1988.

Of the total amount outstanding of 739 million, 606 million is accounted for by the United States of America, 64 million by Brazil and 22 million by Argentina.

Eighteen low income countries have extinguished 12.6 billion of the 18.2 billion of eligible principal and interest arrears due to commercial banks under the IDA Debt Reduction Facility, and more recently under the Brady Plan.

He further intended to pay some of the arrears when Member States remitted substantial payments of their arrears, as had occurred in 1996 when the Russian Federation had paid over 200 million in arrears.

At 31 December 2004, Japan and the United States of America together accounted for almost 1.5 billion, 57 per cent of the total, with Ukraine, France, China and Germany also owing in excess of 100 million each.

Member States who have outstanding assessed contributions should pay immediately.

The largest contributor owed 77 per cent of the regular budget aggregate amount, while two of the next 14 principal contributors owed 9 per cent and all other Member States in arrears owed 14 per cent of the total.

(g) Outstanding contributions amounted to 145.2 million, as shown in annex I to the present document (including arrears of 69.2 million by the United States of America, and 2.1 million by the former Yugoslavia).

Recovery of indebtedness to the Fund

a Excluding arrears reduction.

23. The apparent anomaly of contradictory trends in these two ratios is explained by the continuous growth of arrears on interest and principal that have been accumulated in sub Saharan countries over the years.

The next 14 principal contributors accounted for 28 per cent, with most of the amount owed by two Member States.

Less write off of arrears for South Africa a 19 100 26 380 26 380

write off of arrears for South Africa a 30 359 41 921 41 921

Interest income and dividends are recorded on an accrual basis and foreign taxes withheld are recorded as receivables.

Of the more than 2.1 billion that was outstanding at 7 October 2005, 607 million was owed by the United States of America, 576 million by Japan, 147 million by Ukraine, 109 million by France, 89 million by the Republic of Korea, 69 million by China and 56 million by Spain.

The United States, together with Brazil and Ukraine, accounted for 86 per cent of all regular budget unpaid assessments at the end of 1997.

The draft Principles call for a resumption of partial debt service, to the extent feasible, as a sign of good faith to facilitate a restructuring, but the Fund LIA is silent on this matter.

Outstanding assessed contributions of the former Yugoslavia

Measures to encourage the payment of arrears

The plaintiff demanded payment including interest amounting to 13 .

The Panel further finds that the claimant's re characterization of the claim for the loss of business income from unpaid amounts due and owing for work performed to loss of profits on contracts constitutes an attempt to advance a new claim after the filing deadline.

The interest income is determined by the interest rates on United States dollar call accounts and short term deposits and the cash balance maintained by UNDCP.

Of that amount, half was owed by 2 missions, 30 per cent was owed by 6 missions and smaller amounts were owed by another 15 missions.

Furthermore, it is his intention to pay down the aggregate debt arrearage when Member States make substantial payments of their peacekeeping arrears.

Note 8.

Note 10. Due from UNDP

Anita was to receive the interest on that money for her lifetime.

The Committee noted that, between 1995 and 1997, Guinea Bissau had steadily reduced its arrears, but that since that time its arrears had increased.

The full amounts of the advances are maintained as accounts receivable from staff members until the required proofs of entitlement are produced, at which time the budgetary accounts are charged and the advances settled