Closely related to ODA is the issue of external debt.

To address the debt burden problem, many African countries at first resorted to repeated debt rescheduling which focused on debt service flows, resulting in steadily increasing debt stocks and related service payments.

The main dispute related to the terms of repayment of a mortgage debt.

Questions related to the financing of Africa's development and debt were also discussed.

It is an even less direct way to address the private, related debt overhang.

More broadly, the ECB s marginal lending facility is an indirect means of monetizing sovereign debt. It is an even less direct way to address the private, related debt overhang.

We will also fulfil all our promises related to debt relief decided upon at the Group of Eight meeting at Gleneagles.

He greatly valued country level assistance in areas such as customs reforms, debt management, and trade and investment related technical assistance.

Regarding debt, the Asian Group welcomed the development related initiatives arising from the recent G8 summit and wished to point out that these had been made possible by UNCTAD's invaluable pioneering policy analysis on debt.

Although debt relief and the related policy reforms are a major political and economic achievement, they are not a panacea for Liberia s considerable challenges.

Options include international debt financing, domestic tax revenue and user fees, borrowing in domestic capital markets, and public private partnerships for water related investments.

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

Debt sustainability and debt relief

The post bubble aversion to spending, and the related focus on balance sheet repair, reflects what Nomura Research Institute economist Richard Koo has called a powerful debt rejection syndrome.

Before the disaster, Japan issued about 1.5 billion in earthquake related catastrophe bonds as a risk management device the debt is canceled if a precisely defined seismic event occurs.

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

On 29 June 2005, the Paris Club creditors announced their agreement to enter into negotiations with Nigeria on a comprehensive exit debt treatment, which would include debt reduction up to Naples terms on eligible debts and a buy back at a market related discount on the remaining eligible debts.

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

Of course, correlation does not prove causation there are myriad other factors that affect economic performance besides the size, composition, and nature of welfare state spending (and clearly related taxes and debt).

Debt

The project will include the creation of a Regional DMFAS Unit in Yaoundé, the launching of a training programme for debt managers, the organization of further joint UNCTAD Pôle Dette workshops and seminars and the strengthening of Pôle Dette's capacities to deal with issues related to debt recording and management systems.

The country simply cannot keep on piling debt upon 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.

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

External debt

External debt

Debt relief

External debt

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.

I will focus in the coming months on the related problems of high private debt and external debts, and I will also return to the theme of why this is a time when elevated inflation is not so naïve. Above all, voters and politicians must beware of seductively simple approaches to today s debt problems.

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

Restructuring Debt Restructuring

China s Debt Termites

Debt Déjà Vu

Europe s Debt Wish

(d) Debt burden

Debt Friendly Stimulus

China s Green Debt

Debt and Delusion

Debt and Democracy

The Debt Delusion

Debt Without Drowning

Argentina s Debt Conundrum

Other debt renegotiations