Servicing of external public debt

C. Difficulties in servicing multilateral debt

Debt servicing is often paid from aid disbursements, producing a debt cycle.

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

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

C. Difficulties in servicing multilateral debt 43 49 15

Debt servicing represents a significant proportion of government expenditure.

The debt restructuring measures had dealt primarily with commercial debt and debt servicing obligations to official bilateral creditors.

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

Indeed, any rescheduling of debt servicing obligations is expressly forbidden.

Radical measures are necessary for reducing in the debt and debt servicing burden of developing countries.

Further measures were necessary to reduce the debt and debt servicing burden of the developing countries.

Debt servicing undoubtedly limited the capacity of developing countries to pay.

Debt servicing represents 23.7 per cent of goods and services exports.

quot (e) Repayment and servicing of Iraq apos s foreign debt

The debt servicing capacity of the DDLICs differs widely as well.

In that study, the net present value of debt servicing was examined under different debt restructuring options.

In several cases, the early strategy even aggravated the problem by arranging new lending to help finance existing debt servicing, which mainly postponed a more severe debt servicing crisis.

However, despite such efforts, too many countries continue to be plagued by acute debt and debt servicing problems.

We have been able partially to service our debt since 1991, but debt servicing has now reached unsustainable levels.

Extensive external debt and debt servicing obligations continue to be important constraints on the advancement of the developing countries.

In addition, the low income countries that also sank into debt crises, even while having relied mainly on official sources of funds, have yet to return to long run debt servicing obligations that lie within their debt servicing capacity.

Indeed, nearly a third of our financial resources are devoted to debt servicing.

Moreover, servicing the debt had consumed about 24 per cent of that revenue.

(f) A number of countries in transition were experiencing serious debt servicing difficulties.

Debt servicing alone is estimated at over 60 per cent of export receipts.

22. The measures taken to reduce the debt stock and debt servicing of least developed countries had not been sufficient.

Its debt was three times as large as its exports and its debt servicing ratio was over 40 per cent.

The countries of sub Saharan Africa are exhausted by the burden of debt and debt servicing, which obstructs their development.

65. Moreover, while debt burden indicators, which reflected the debt servicing capacity of countries, had improved at the aggregate level, in his country, debt stock, most of which was denominated in marks, was so great that debt servicing would be a burden for the next several years.

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.

An international debt strategy should incorporate measures to reduce debt and reschedule debt servicing and increase financial flows to low income and severely indebted countries.

There have been proposals to limit debt servicing in order to prioritize social spending.

The overall ratio of debt servicing to export earnings was almost 30 per cent.

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.

In spite of the increase in total debt, debt burden indicators, which largely reflect debt servicing capacity, have improved at the aggregate level (see figure 1).

However, the Trinidad conclusions should also be applied to multilateral debt, which now accounts for one third of debt servicing costs.

Exchange rate volatility compounds the debt problem through its effect on interest rates, foreign exchange earnings and reserves, and debt servicing.

For the countries in which the debt servicing burden exceeded what the economy could sustain, debt crises ensued and arrears accumulated.

The Board noted with particular concern the increasing share of multilateral obligations in the overall debt stock and debt servicing of LDCs.

A variety of factors have contributed to the debt servicing difficulties of highly indebted countries.

(Mr. Olisemeka, Nigeria) should continue to seek ways of significantly reducing debt stock and servicing.

Unlike other Latin American, Caribbean and Central American countries, Guatemala's external debt situation is stable, with normal debt servicing loads and external debt indicators in the moderate range.

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.

(v) systematically link debt repayment and debt servicing by commodity dependent developing countries to adverse movements in prices of commodity exports and imports