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

a Excluding arrears reduction.

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

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

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.

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.

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,

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.

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).

The burden of servicing debt and the payment of arrears have a suffocating effect on the economies of developing countries.

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

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

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

Although the Transition Government has pursued sound macroeconomic and public finance management, accumulation of arrears may resume, depending on the political situation.

The two countries still recognize many mutual interests, but now they manage these interests on a far different basis.

The Chinese delegation endorsed the recommendations of the Committee on Contributions on multi year payment plans, which were useful tools for reducing the arrears of Member States.

Representatives voted on behalf of their districts powerful interests.

On 4 January 2005, Haiti cleared arrears of 52.6 million to the World Bank using its own resources and a grant from Canada.

His delegation drew attention to the conclusion of the Committee on Contributions that Iraq's arrears had been due to circumstances beyond its control.

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.

Since 15 June 2004, Côte d'Ivoire has accumulated significant arrears on its debt obligations to the World Bank and, on 1 November 2004, it fell into non accrual status.

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

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.

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

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

Takes note of the conclusions and recommendations of the Committee on Contributions on measures to encourage the payment of arrears, as contained in paragraphs 68 to 70 of its report

Liberia had informed the Committee on Contributions that it had not made much progress in repaying its arrears as a result of conditions beyond its control.

Interests

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.

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.

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

The discussion concerning measures to encourage the payment of arrears also gave rise to grave concern.

The Russian Federation had recently paid its arrears to the International Tribunal for the former Yugoslavia.

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

Moreover, Friedman believed that even when private interests were not aligned with public interests, that government could not be relied on to fix the problem.

But Smith stressed that private interests always pursue selfish interests

But corporate spending on politics can also hurt the interests of shareholders.