Debt sustainability and debt relief

Debt relief

Greece needs more debt relief.

The Threat of Greek Debt Relief

The False Promise of Debt Relief

Need for broader external debt relief

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

Of the 42 countries qualified as potentially eligible for debt relief in September 2004, 27 had received debt service relief of 32 billion.

Debt relief may help Madagascar protect its biodiversity.

Debt relief should be more extensive and generous.

It is lobbying the troika for further debt relief.

The middle income countries should receive substantial debt relief.

Emphasizing the important role that private sector creditors play in debt relief and debt sustainability,

These commitments include significant increases in debt relief and aid.

The current debt relief measures have been far from effective.

A third crucial issue was debt relief for poor countries.

Total debt relief accorded to the 27 countries that have reached either the decision point or the completion point, together with other debt relief measures, represents a two thirds reduction in these countries' overall debt stock.

Debt relief is at the heart of the support we need.

21. Stresses that debt relief should contribute to development objectives, including poverty reduction, and in this regard urges countries to direct those resources freed through debt relief, in particular through debt cancellation and reduction, towards these objectives

Even for those benefiting from the HIPC Initiative, the economic conditions on which their debt relief was based have considerably worsened, and several countries, including those few that received debt relief, have backtracked into further unsustainable debt.

First, debt relief arrangements should seek to avoid imposing any unfair burdens on other developing countries and secondly, resources made available for debt relief should not detract from ODA flows.

Debt relief, debt swaps or debt cancellation could offer important means for mobilizing resources for accelerating progress towards the water and sanitation goals.

The new non concessional debt more than offset the debt relief received, although export earnings have increased since 2001.

The post World War II Marshall Plan provided debt relief as well.

Debt relief is a good beginning. But that is all it is.

It does, however, require more than just international aid or debt relief.

Indeed, the implementation of the Multilateral Debt Relief initiated by the G 8 already provides an unprecedented opportunity to complete the process of debt relief for a large number of low income countries.

Accordingly, the Panel recommends a 100 per cent debt cancellation for all low income countries, including those not eligible for debt relief under the HIPC initiative, and significant relief for middle income countries.

Multilateral lenders have long understood the importance of debt relief to poverty reduction.

We also believe that official development assistance should be combined with debt relief.

Furthermore, we hail recent initiatives in the areas of aid and debt relief.

We reduced them through debt write off and debt relief, as well as through the method of reducing our own debts.

Many people regard debt relief and socialization of debts as the only way out.

This steady flow of debt relief is allowing US consumer spending to recover slowly.

The world knows what is needed fair trade, increased direct assistance and debt relief.

We also support the initiatives to attain substantial debt relief for all developing countries.

The quickest means of doing so is substantial and generous debt cancellation and relief.

The Group of Eight initiatives on debt relief and on Africa are important contributions.

There was a broad consensus that immediate and wide ranging debt relief was necessary.

The limp debt exchange agreed to in July can be thrown out and replaced by one that grants the country meaningful debt relief.

7. Emphasizes in this regard that debt relief does not replace other sources of financing

The approval of comprehensive and irrevocable debt relief for Liberia is historic for many reasons.

The recent G8 agreement on debt relief for the poorest nations was a positive step.

The G 8 countries have agreed on substantial debt relief for a number of countries.

Figure 2 Official development assistance and debt relief provided to sub Saharan Africa, 2000 2003