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

Debt reduction should cover a greater proportion of the debt, in certain cases the total debt.

The debt strategy should include, among other things, a drastic reduction of debt and debt servicing.

Total concessional debt as a percentage of total external debt

But this is debt. 80 million of debt right here.

Current debt relief schemes cover only part of the debt of LDCs.

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

The resolution, moreover, calls for the treatment of multilateral debt to alleviate debt and debt service burdens.

Innovative forms of debt relief, including debt for equity swaps, debt for social development swaps, and debt for environment swaps, could be widely utilized.

Debt sustainability and debt relief

The demand for debt repayment confronts the philosophy of debt forgiveness.

Debt to private creditors as a percentage of total external debt

Multilateral debt accounted for 97 per cent of the total debt.

The debt relief measures had not benefited a large number of countries overburdened with debt repayment and debt servicing.

B. External debt and debt relief

Debt servicing accounted for the bulk of Africa apos s debt burden.

Get out of debt.

In the treatment of the debt of countries in debt crisis, international policy has evolved very considerably, particularly as regards commercial bank debt.

Fifth, debt burdens that cannot be eased by growth, savings, or inflation must be rendered sustainable through orderly debt restructuring, debt reduction, and conversion of debt into equity.

But, while debt forgiveness benefits holders of both equity and debt, debt holders don t voluntarily agree to it for two reasons.

Options for lower debt burdens on Governments of heavily indebted developing countries include debt cancellation and debt swaps for sustainable development.

60. Debt relief measures should also be applied to multilateral debt, which currently accounted for much of the huge debt burden of many countries.

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

Sub Saharan African debt accounted for 12 per cent of the total volume of external debt of developing countries it was, however, not the volume of debt that caused the problem but the burden of debt service payments.

Debt sustainability should be redefined as the level of debt consistent with achieving the Millennium Development Goals without creating new debt obligations.

Debt

The benefits of debt relief do not increase linearly with the amount of debt servicing reduced they materialize when debt reduction exceeds a critical mass.

The Moral Economy of Debt

The American Way of Debt

Servicing of external public debt

Group of 77 (on debt)

External debt (billions of dollars

About that debt of yours...

Such a debt strategy should include debt cancellation.

3. Debt issues in a development context, including the recent evolution of debt rescheduling.

Innovative measures, including debt for equity swaps, debt swaps for the protection of the environment and debt for development swaps, should be considered.

They also advocated the adoption of such innovative measures as debt for equity swaps, debt for social development and debt for the environment.

In addition to estimating financing gaps and identifying the sources of financing (including different scenarios of debt rescheduling), DSA includes an analysis of debt dynamics to determine the stability of debt to GDP or debt to government revenue ratios.

It seeks to provide comprehensive treatment of debt crisis countries by debt reduction in three stages rather than a simple rephasing of the debt servicing schedule.

12. The Ministers reiterated the need for more effective measures for reduction of the debt and debt servicing burden of the developing countries including cancellation of such debt.

Also stresses the need for the implementation of additional debt relief measures, including further reduction and cancellation of debt and debt service related to official debt, and for more urgent actions with regard to, inter alia, the remaining commercial debt owed by the developing countries

(b) Debt relief reduces the annual national income of eligible countries with high levels of external debt

Rather than waiting to get rid of debt through bankruptcies, governments should mandate debt forgiveness.

This, too, complicates the public debt dynamics and impedes the restoration of public debt sustainability.

Such steps include substantial debt reduction and the streamlining of debt relief procedures and requirements.