But these experiences have also shown that when debt restructurings give enough breathing space and release resource constraints on development, economic recovery resumes quickly and countries truly exit from debt problems.

The international community has, so far, failed to develop effective and equitable arrangements for restructuring sovereign debt, despite the clearly dysfunctional and problematic consequences of past international public debt crises. This prevents timely debt workouts when needed, effectively impeding recovery.

Cleaning up high private sector debt and lowering public debt ratios by growth alone is particularly hard if a balance sheet crisis leads to an anemic recovery. And reducing debt ratios by saving more leads to the paradox of thrift too fast an increase in savings deepens the recession and makes debt ratios even worse.

Haiti's ability to remain current in its debt service obligations depends on overall macroeconomic performance and sustained economic recovery as well as continued and timely donor disbursements.

It is also well known that a liquidity crisis can become a solvency crisis if the relief on debt servicing is not sufficient to promote a strong recovery.

A strong, durable economic recovery would make such an approach workable. Most European officials hope that, when combined with substantial public money to support troubled sovereign debt, it will.

The US has made a complete U turn in ideological and practical terms, relying on Keynes and massive debt financed public demand to rein in further economic decline. But Europeans, while having launched national recovery plans, remain unwilling to take on a similar debt risk.

In paragraph 74 of the report, UNFPA agreed with the Board's recommendation that it implement a formal debt collection policy to facilitate the effective monitoring and recovery of outstanding receivables.

In paragraph 74, UNFPA agreed with the recommendation of the Board of Auditors to implement a formal debt collection policy to facilitate the effective monitoring and recovery of outstanding receivables.

Concerned that a number of developing countries have not sufficiently benefited from the current global economic recovery in their efforts to attain the internationally agreed development goals, in particular the heavily indebted poor countries, where continuing debt and debt servicing obligations could adversely affect their sustainable development,

As to the proceedings relating to the recovery of the debt, the authors claim that the sentence was based on a ground raised by the Appeal Court of its own motion.

An ex ante debt restructuring that reduces the size of any new loans and renders the debt sustainable before any reforms are implemented stands a good chance of crowding in investment, stabilizing incomes, and setting the stage for recovery. In sharp contrast, a debt write down like Greece s in 2012, which resulted from a program s failure, only contributes to maintaining the downward spiral.

More significant, over the last year, the public debt GDP ratio rose by seven percentage points in Italy, 11 in Ireland, and 15 in Portugal and Spain. If the sine qua non of recovery via austerity is the stabilization and reduction of debt, the cynics case appears to have been made.

Recovery

But Europe should move more decisively in this direction. Otherwise, speculation on member states national debt will persist, keeping borrowing costs at levels that are inconsistent with the conditions required to sustain economic recovery.

Asset recovery

Dell Recovery

Economic recovery

Economic recovery

Economic recovery

Disaster recovery

Before doing anything else, we must relieve some of the balance sheet pressures on sovereigns, households, and banks that risk smothering the recovery. Advanced countries need credible medium term plans to stabilize and reduce public debt.

Concerned that the current global economic recovery is uneven but determined to ensure that it leads to sustained world economic growth, to sustainable development and to a durable solution of the external debt problems of developing countries,

I would like to appeal to all creditors to follow this noble example, because debt cancellation has the potential to assist the poor countries in achieving the MDGs and, hence, attaining national economic recovery and economic transformation.

Debt sustainability and debt relief

Recovery of payments

There is recovery.

A Jobless Recovery?

America s Risky Recovery

A Phantom Recovery?

A Sustainable Recovery

Global Disaster Recovery

Japan s Recovery Bonds

Recovery before Reform

Europe s Green Recovery

The American Recovery

America s Sequestered Recovery

Recovery and maintenance

Recovery of maintenance

The Eurozone s False Recovery

A Recovery for All

What s Stopping Robust Recovery?

This Recovery is Different

C. Post disaster recovery

Recovery and social reintegration