Closely related to ODA is the issue of external debt.

A third crucial issue was debt relief for poor countries.

It is an immoral debt and a profound human rights issue.

This would be an opportune time for governments to issue more inflation indexed debt, to begin issuing it, or to issue nominal GDP linked debt, which is analogous to it.

Secondly, we welcome the handling of the debt issue through the outright cancellation of the debt of 18 of the poorest countries.

And it probably would require that the EU be able to issue sovereign debt.

It also sets a limit on how much debt the US Treasury is allowed to issue.

The bigger issue is the debt overhang that has forced European governments to pursue this course.

Hungary has many reasons to be sensitive to the issue of the political consequences of debt.

This would be tantamount to a fiscal union, which could be empowered to issue Eurobonds, coupled with ex ante control of the issue of public debt.

First there is the issue of how fast to reduce government deficits and the accumulation of public debt.

But there were also calls for action on the issue of debt in all heavily indebted African countries.

The Government of Iraq must conclude further debt relief agreements and must also find a comprehensive solution to the issue of reparation obligations, which significantly exceed the external debt stock.

It may even lead to the US no longer being viewed as a good place to issue sovereign debt.

And the longer America s politicians take to resolve the debt ceiling issue, the greater the risk of an inadvertent accident.

But Ireland, with previously modest deficit and debt levels, also suddenly and unexpectedly faces the same kind of issue, owing to the government s need to take over private debt from the banking sector.

Invite the Bretton Woods institutions to consider the issue of debt sustainability and the implications of an HIPC initiative for Haiti.

What is now required to resolve the technical issue is some mechanism for assuming existing debt and preventing excessive borrowing in the future.

Participants were also concerned about the issue of conditionality attached to debt cancellation and the impact this would have on the quality of aid.

In establishing a credit rating on a United Nations bond issue, the credit rating agencies would focus on the source and probability of timely debt service payments, in accordance with the terms applicable to the bond issue.

Invites the Bretton Woods institutions to consider the issue of debt sustainability and the implications of the Highly Indebted Poor Countries (HIPC) initiative for Haiti

Finally, the representative called for a realistic response to the issue of debt relief and welcomed the initiative taken at the G8 Summit in Gleneagles.

WASHINGTON, DC Sovereign debt has been back in the news recently, this time because of a United States Supreme Court ruling concerning Argentine debt. As a result of the ruling, a complicated issue is likely to become even more so.

Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

Global support for making poverty history shows how the issue of Third World poverty has finally struck a responsive chord. Debt relief is a good beginning.

A successful strategy would have to address one of the eurozone s main design flaws member governments issue debt in euros, a currency that they cannot control.

3. If you still find yourself there, stop the desire to deleverage by having the Treasury guarantee risky assets, or issue safe ones, in order to raise the quality of debt in the market this, too, will make holding debt more attractive.

3. If you still find yourself there, stop the desire to deleverage by having the Treasury guarantee risky assets, or issue safe ones, in order to raise the quality of debt in the market this, too, will make holding debt more attractive.

The issue was not only the aggregate level of debt it was also a question of balance between private and public sector debt, their maturity structure, the level of contingent liabilities, reserve management and pursuit of macroeconomic policies consistent with development objectives.

But a move in this direction does involve some degree of fiscal centralization. And it probably would require that the EU be able to issue sovereign debt.

Exporters of any particular commodity should issue debt that is denominated in terms of the price of that commodity, rather than in dollars or any other currency.

This report provided a technical analysis of the issue and addressed the debt problems of African countries in the context of achieving the Millennium Development Goals by 2015.

Debt sustainability and debt relief

Any approach to the issue must continue to explore the problem of our countries' external debt, linking the important concept of debt sustainability not only to the attainment of the Millennium Development Goals (MDGs), but also to the MDGs plus , or additional millennium development goals.

In this regard, issues important to Cuba included a prompt solution to the issue of TRIPS and public health, addressing the concerns of small economies, dealing with the relationship between trade, debt and finance, and addressing the issue of trade and transfer of technology.

In the emerging world, however, the mismatch between growth expectations and actual potential has often become a serious issue that demand side stimulus and endless debt accumulation cannot cure.

More debt relief encompassing more countries and more debt (including bilateral debt) is needed.

In 1919, Keynes produced a grand plan for comprehensive debt cancellation, plus a new bond issue, guaranteed by the Allied powers, whose proceeds would go to victors and vanquished alike.

After all, if bankers were trying to benefit, would they not issue long term debt, for which the default risk, and the gain from the implicit government guarantee, is high?

He commended UNCTAD for advancing the discussion on the issue, and in particular for its proposal on linking prices of raw materials to debt servicing, and thanked WIPO for its contribution.

Unsustainable private debt problems must be resolved by defaults, debt reductions, and conversion of debt into equity.

The core issue is taxes. If public sector investment were to be increased with no rise in taxation, the budget cuts required elsewhere to avoid unsustainable debt growth would bein implausibly large.

The real issue is the fiscal mountain. According to the International Monetary Fund, the challenge of reducing the public debt GDP ratio to a safe level is daunting for most advanced countries.

Finally, solvency rules should be complemented by an obligation that banks issue a substantial amount of non collateralized debt on the order of 100 of their capital that is convertible into equity.

With regard to the debt burden, which had been referred to by the representative of Barbados, a full analysis of the issue was provided in the World Economic and Social Survey 2005.