c Defaulted on restructured loans, December 1998 defaulted on interest arrears notes, June 1999.

The effective interest rate, effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest payable in arrears.

Regarding interest on or indexation of arrears, should the General Assembly decide to introduce interest charges on arrears, the rate should be fixed at a low level and should not have retroactive effect, and the annual rate should not exceed 1 per cent.

The table contained in annex VIII shows the breakdown between pre dissolution arrears and post dissolution arrears.

a Excluding arrears reduction.

Urging and expecting all Member States currently in arrears to fulfil their duties under international law and to settle those arrears promptly and in full,

His delegation also had reservations about the Committee's discussion of the topic of interest on arrears (paras. 30 and 31), which also fell outside the scope of its mandate.

It was not in the interest of the United Nations that countries which usually paid their contributions on time should have to fall into arrears because of a genuine inability to pay sharply increased contributions.

Belarus had paid a large part of its arrears in 2003 2005.

The Committee noted that, between 1995 and 1997, Guinea Bissau had steadily reduced its arrears, but that since that time its arrears had increased.

With regard to the payment of arrears, Jordan rejected any punitive measures, since the vast majority of States in arrears were developing countries that were unable to pay their contributions owing to extenuating circumstances.

15. Also requests the Secretary General to invite those States parties to the Convention that are in arrears to pay the amounts in arrears, and to report thereon to the General Assembly at its sixty first session

16. Also requests the Secretary General to invite those States parties to the Convention that are in arrears to pay the amounts in arrears, and to report thereon to the General Assembly at its sixty third session

5. Also requests the Secretary General to invite those States parties to the Convention that are in arrears to pay the amounts in arrears, and to report thereon to the General Assembly at its fifty seventh session

5. Also requests the Secretary General to invite those States parties to the Convention that are in arrears to pay the amounts in arrears, and to report thereon to the General Assembly at its fifty ninth session

At the same time, there are cases of wage arrears.

Haiti Stock of arrears and projected debt service, 2000 2005

The Government still owed arrears of salaries to civil servants.

Arrears of the former Yugoslavia amount to 2,081,599 (1994 2001).

With no access to Libyan assets frozen abroad, it frequently paid salaries weeks in arrears.

In addition, the draft Principles encourage IMF to implement fully its lending into arrears (LIA) policy.

In November 2005, State schools remained closed, as teachers continued to demand payment of salary arrears.

Total amount of arrears at time of signing the plan, in addition to current year's assessments.

In cases where countries had accumulated significant arrears before benefiting from the Initiative, the transfer of budgetary revenue to the special account used to finance earmarked social expenditures implies additional expenditure, as arrears have to be cleared.

In that respect, the great volume of arrears and outstanding debts of former Member States was unacceptable.

(c) Welcomes the commitment of Afghanistan to settle its arrears, as reported in document GC.11 16

They have also accumulated large protracted arrears with the international financial institutions.

Notices are regularly sent to member States reminding them of the arrears.

With regard to the payment of arrears, he drew attention to the technical suggestions contained in paragraphs 68 and 69, which would facilitate both the payment of arrears and the work of the Secretariat and the Committee on Contributions.

To reiterate our decision contained in paragraph VI 2 of the Havana Programme of Action on financial contributions to the G 77 Secretariat and call on members in arrears to expeditiously liquidate their arrears and on all members to make their annual contributions in a timely manner.

In clearing its arrears, the Transitional Government becomes eligible for new modes of financial support provided by the Bank.

Other Member States in arrears are encouraged to consider submitting payment plans to steadily reduce their outstanding assessed contributions.

The Committee notes that the situation is aggravated by the persistent problem of wage arrears, especially in the construction sector.

Moreover, by the end of March 2005, Côte d'Ivoire had accumulated some 135 million in arrears to the World Bank.

I appeal to all Member States to pay their assessments promptly and in full, and to clear all remaining arrears.

A Member of the United Nations which is in arrears in the payment of its financial contributions to the Organization shall have no vote in the General Assembly if the amount of its arrears equals or exceeds the amount of the contributions due from it for the preceding two full years.

A Member of the United Nations which is in arrears in the payment of its financial contributions to the Organization shall have no vote in the General Assembly if the amount of its arrears equals or exceeds the amount of the contributions due from it for the preceding two full years.

A Member of the United Nations which is in arrears in the payment of its financial contributions to the Organization shall have no vote in the General Assembly if the amount of its arrears equals or exceeds the amount of the contributions due from it for the preceding two full years.

A Member of the United Nations which is in arrears in the payment of its financial contributions to the Organization shall have no vote in the General Assembly if the amount of its arrears equals or exceeds the amount of the contributions due from it for the preceding two full years.

The indifference of some countries to settling their arrears was a cause of great concern.

19. Encourages Member States in arrears with their assessed contributions to the United Nations to consider submitting multi year payment plans.

State employees and officials are also included in this category, since they have accumulated over 30 months' of unpaid salary arrears.

Local governments have also accumulated massive amounts of non explicit debt through arrears, credits, and guarantees.

About half of them are conflict affected countries, and many of them have substantial external arrears.

However, a number of technical issues regarding the exact amount of its arrears were still pending.