F. Debt burden adjustment

D. Debt burden adjustment

F. Debt burden adjustment . 40 41 20

The debt burden adjustment should therefore be retained in the methodology.

The current debt burden adjustment should be retained, as should the current formula for the low per capita income adjustment.

For the same reason, the existing debt burden adjustment formula should be kept.

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.

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

The Committee noted that a number of higher and middle income countries benefited from the debt burden adjustment.

The debt burden adjustment had formed part of the methodology for preparing both the current and previous scales.

35. The debt burden adjustment should continue to be based on both principal and interest payments.

55. The Committee agreed to review the debt burden adjustment further at its fifty ninth session.

It had some reservations about including the debt burden adjustment in the scale methodology, since that adjustment was already partly covered in the gross national product.

He welcomed the tentative agreement reached on the base period, the debt burden adjustment and the scheme of limits.

Members of the Committee had divergent views about the debt burden adjustment, which reflects notional repayments of principal of external debt.

Deflation discourages optimism about the future. Shifting the entire adjustment burden onto peripheral countries with current account deficits, while core countries continue to run surpluses, obstructs adjustment.

The low per capita income adjustment should remain a major component of the methodology, as should debt burden adjustment, in view of the enormous volume of accumulated foreign debt carried by developing countries.

The debt burden adjustment was a vital element of the methodology for the developing countries, in particular the least developed ones.

The debt burden adjustment was an integral part of the scale methodology, for external debt not only affected a country's capacity to pay but also placed a significant burden on its economy.

(d) A debt burden adjustment in 1998 based on actual principal repayments and in 1999 and 2000 on the debt adjustment approach employed in the scale of assessments for the period 1995 1997

(d) A debt burden adjustment in 1998 based on actual principal repayments and in 1999 and 2000 on the debt adjustment approach employed in the scale of assessments for the period 1995 1997

(d) A debt burden adjustment in 1998 based on actual principal repayments and in 1999 and 2000 on the debt adjustment approach employed in the scale of assessments for the period 1995 1997

Nevertheless, the Committee had managed to reach tentative agreement on the base period, the debt burden adjustment and the scheme of limits.

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.

Only in the United Nations can we work to share, among rich and poor nations alike, the burden of structural adjustment imposed by globalization.

The debt burden coupled with the adverse effects of the structural adjustment programme prescribed for those countries limited their capacity to provide basic needs.

His delegation felt that the debt burden adjustment was an integral part of the scale methodology which had an impact on all developing countries, and cautioned against trying to limit the adjustment only to lower income States.

54. Other members felt that the debt burden adjustment continued to be a necessary step in determining Member States capacity to pay.

In that connection, some members expressed the view that the overall level of debt itself constituted a significant burden and that that fact was better reflected in the version of the debt burden adjustment based on a proportion of debt stocks of Member States affected.

The setting differs, but the effect is the same. Creditors are shifting the entire burden of adjustment on to the debtor countries and avoiding their own responsibility.

The debt burden adjustment should be retained as an element of the scale methodology because external debt had a substantial impact on Member States' capacity to pay.

He supported the reduction of the floor rate to 0.001 per cent, the maintenance of the ceiling at 25 per cent, and the practice of basing the low per capita income adjustment and the debt burden adjustment on the actual volume of debt of Member States.

49. Mr. Tcholakov (Bulgaria) said that the element of debt burden adjustment should be retained in any future scale of assessments as an additional incentive for debt repayment discipline.

The Committee agreed to review questions related to the debt burden adjustment further at its sixty sixth session in the light of any guidance from the General Assembly.

The low per capita income adjustment was also a vital element of the methodology, since it ensured that the burden was shifted away from those countries least able to pay.

While the Committee had reached tentative agreement on the base period, the debt burden adjustment and the scheme of limits, it had been unable to reach agreement on a ninth proposal.

65. Structural adjustment programmes impose a heavy burden on workers and their families and on other vulnerable groups such as women, children, the unemployed, the jobless and the handicapped.

That no bearer of burden shall bear the burden of another

That no bearer of burden shall bear the burden of another

Successive economic crises, structural adjustment programmes, and other restrictive measures have increased the burden on the most vulnerable social groups, and have accelerated the collapse of living conditions for rural women in particular.

37. The most novel feature of the proposal was the progressive apportionment of the burden created by the low per capita income adjustment among Member States whose per capita income was above the world average.

That no bearer of a burden shall bear the burden of another,

That no bearer of a burden shall bear the burden of another,

Cuba took note of the recommendations contained in paragraphs 16, 25 and 26 of the report of the Committee on Contributions, and also noted that the Committee had been unable to make a recommendation on two topics of fundamental importance the low per capita income adjustment and the debt burden adjustment, both of which must be upheld.

First, devaluation would distribute the costs of rebalancing more evenly, making it easier to clear the burden sharing hurdle to deeper reforms. Second, floating exchange rates imply that devaluation is an automatic adjustment mechanism, so it occurs without the appearance of an explicit burden sharing choice and the accompanying potential for political gridlock.