Secondly, debt cancellation and reduction should be extended and intensified.

Debt write offs should be considered in the first instance.

He said that his country did not benefit from debt cancellation measures.

Light bars represent debt cancellation or rescheduling.

Trinidad terms would cancel two thirds of the entire stock of eligible debt.

More debt relief should be provided, including cancellation of debts, debt reduction and, more generally, innovative schemes.

b) cancel all official debt of all LDCs.

In particular, the debts of the least developed and poorest countries should be cancelled outright.

Debt cancellation would enable us to devote all of our financial resources to development.

Although there had been large scale debt cancellation, more needed to be done.

The effect of these cancellations is not yet fully reflected in outstanding debt figures.

Secondly, we welcome the handling of the debt issue through the outright cancellation of the debt of 18 of the poorest countries.

Kenya believes that a lasting solution to the debt burden is a bold initiative for an effective reduction or cancellation of the bilateral and multilateral debt of the low income countries, particularly in Africa.

It was also proposed that transparency in the debt relief process should be enhanced through accountable mechanisms.

The 100 per cent debt cancellation was important but should be implemented without conditionalities.

The Survey did not cover debt cancellation initiatives discussed at meetings of the Bretton Woods institutions after its preparation.

To achieve this, there should be a full cancellation of all bilateral official debt and substantial reduction of debt stock and debt service burden owed to multilateral financial institutions and commercial creditors.

On debt, he noted the need for comprehensive debt cancellation without conditionalities, including measures to help African countries outside the HIPC framework.

For the first year after the Gleneagles meeting, aid numbers were padded by misleading accounting on debt cancellation operations.

We seize this occasion to urge creditors, from both developed countries and international institutions, to cancel the debts of poor countries.

Urges the developed countries to write off the external debt of Mozambique in the light of its current effort to eradication of poverty.

Some had agreed to bilateral debt cancellations, for example, with the countries of sub Saharan Africa.

The Group of Eight (G 8) agreed at Gleneagles to go further. In order to break the lend and forgive cycle permanently, we agreed to cancel 100 per cent of the debt of the world's most heavily indebted nations.

Under current regulations, that additional debt could not be rescheduled, thus, multilateral debt had not been affected by recent debt cancellation and rescheduling measures.

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

We welcome the increase in debt relief, including debt cancellation, for many of the most highly indebted poor countries, as well as the renewed focus on Africa and on HIV AIDS.

The path to complete debt relief had been cleared with the G8 proposal to cancel 100 per cent of the debt of some of the world's poorest countries.

The Marshall Plan for Africa should cover much more than a call to cancel debt and increase financial support.

Lastly, in order to prevent future financial crises, debt cancellation should be accompanied by economic, institutional and political reform.

Moreover, when countries had no capacity to service their external debt, debt cancellation did not generate more resources for development, although it did improve debt indicators.

That underscores the need for the cancellation of debts that cannot be serviced without placing a burden on impoverished people in the region.

However, we appeal for debt cancellation for all least developed countries in order to enable them to redirect their meagre resources to national development programmes.

First of all, we will have to reform the international framework conditions, which means debt cancellation and improved trade and investment regimes.

I wish to appeal specifically for donor sympathy to write off existing loans made to the Malawi Government.

I wish to appeal specifically for donor sympathy to write off existing loans of the Malawi Government.

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.

Norway supported the G 8 emphasis on good governance, accountability and transparency for securing the full benefit of debt cancellation.

In that regard, we commend the debt cancellation decision made by the ministers for finance of the Group of Eight (G 8) in favour of 18 developing countries, including Mozambique.

They included the recent G 8 decision on the cancellation of debt owed by 18 heavily indebted poor countries, among them Mali.

3. Calls upon the international community to explore ways to implement additional measures, including further cancellation or reduction of debt and debt service related to official debt, and to take more urgent actions with regard to, inter alia, the remaining commercial debt owed by the developing countries

We hope that some of those measures, such as debt cancellation, will be broadened to include other groups of countries that have been excluded up till now, although they are eligible under the Heavily Indebted Poor Countries (HIPC) Debt Initiative.

Specifically, between 2005 and 2006, overall aid to Africa, excluding debt cancellation operations, increased by a meager 2 .

Solving the problem of external debt or cancelling debts will be neither practical nor effective unless, along with those steps, funds needed for development assistance are also provided.

The only way out of the vicious circle of debt was to cancel the public debt of the least developed countries and substantially reduce that of middle income countries.

21. Stresses that debt relief should contribute to development objectives, including poverty reduction, and in this regard urges countries to direct those resources freed through debt relief, in particular through debt cancellation and reduction, towards these objectives