Light bars represent debt cancellation or rescheduling.

It is worth noting that a growing portion of ODA to sub Saharan Africa consists of debt forgiveness and rescheduling.

26 The risk of litigation has increased with the emergence of vulture funds that would buy distressed sovereign debt on the secondary markets and then sue for full repayment once restructuring negotiations commenced.

It also welcomed the reference to the need to consider debt relief or restructuring for those middle income countries that had an unsustainable level of debt.

The success that US President George W. Bush and his special envoy, former Secretary of State James Baker, had in getting Iraq's foreign debts canceled or rescheduled shows what can be done when a policy is backed by political will.

20 At first sight, given the high levels of debt ratios of Georgia, Kenya and Kyrgyzstan before Paris Club debt reschedulings, it is difficult to comprehend the factors which allow a distinction to be made between the sustainable cases (Georgia and Kenya) and the unsustainable case (Kyrgyzstan).

For many heavily indebted non HIPC and middle income countries, debt sustainability will require significantly more debt reduction or restructuring than has yet been proposed.

However, it remains concerned about the risk of budget overruns given the material amounts of budgeted project expenditure rephased from 2005 to 2004 and will keep this matter under review.

FAO assisted several Member States in the collection and retabulation of sex disaggregated data to support informed planning and formulation of policies, programmes and projects in the agricultural sector and trained national agricultural statisticians in the collection of such data.