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

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 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.

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.

a Excluding arrears reduction.

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.

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

You shall not lend on interest to your brother interest of money, interest of food, interest of anything that is lent on interest

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

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.

(d) Interest on donor funds

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 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.

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.

For example, the classical prohibition on usury was softened from a ban on charging interest on all loans to a ban on charging interest on loans for which the lender had no alternative use, i.e., for charging interest on hoards or cash balances.

Interest income includes all interest from various bank accounts and investment income earned on invested funds.

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

Gordon Brown on global ethic vs. national interest

Interest rates on government debt are still low.

Interest rates on government bonds were racing upward.

Kuwait also claims interest on any amount awarded.

New bonds, on which interest was back loaded, could be given the same accounting value as old ones on which interest was paid earlier.

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.

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.