Note 15 Accounts payable

(v) Other accounts payable, credit balances and accrued expenses

Current account balance (billions of dollars) 21.8 e

The amounts in Statement II under accounts payable includes, inter alia, amounts due to other agencies as follows

The term includes checking, saving and time deposit accounts.

Thus far, the review of current accounts has been completed, while the old outstanding accounts have only partially been completed, owing to the staff shortage.

Applied credits

Applied credits

Retirees apos credits

Current and deposit accounts as at 31 December 2004

The United Nations Office at Geneva Treasury regularly reviews current accounts and those which are considered redundant or dormant are recommended for closure.

Less Applied credits 223 888

Ex participants apos credits

Government creditors have not been under the same pressure.

Less Applied credits

TOTAL Continuing participants credits

I made the rounds of all my charge accounts.

an agreement between creditor countries running current account surpluses and debtor countries running current account deficits to maintain an orderly financing of deficits and a recycling of creditors surpluses to avoid disorderly adjustment of such imbalances.

They have also helped them to cope more easily with chronic current account payments deficits.

42. The Administration confirmed that some of the credit and debit balances queried by the Board indeed reflect recoveries made before the accounts were adjusted or amounts charged to the wrong accounts.

The remaining items are being validated progressively by BOA as a lead in to their audit of UNDP financial statements for the current biennium.

In respect of both Headquarters and Geneva, the Board recommended that there should be a regular review of the number of current and investment accounts.

Large current account imbalances continue to characterize the global economy, and a lower dollar would contribute to reducing the United States deficit.

Some of the increase in net transfers reflected strong growth in export revenues that had led to current account surpluses in some countries.

The following table shows the breakdown between current and deposit accounts as at 31 December for the years 2000 to 2004.

As the strongest creditor country, Germany has emerged as the hegemon.

This overview report would consider the Board's recommendation as well and would be submitted to the Assembly at its resumed sixtieth session.

The development of the information management strategy for the Department was in progress.

One should not criticize the ECB for propping up the GIPS current accounts during the global crisis.

In the case of amounts due to other Member States, the credit balances are applied against assessments in 2006 as part of the normal ongoing financing resolutions, and hence this part of the recommendation is redundant.

2. Under the current arrangements, set out in regulation 12.2 of the Financial Regulations of the United Nations, the members of the Board of Auditors shall be elected for a three year term of office.

(k) UNCITRAL Model Law on International Credit Transfers (1992)

The associated credits are reflected in income section 2.

Credits due to unencumbered balance (21 527 100)

Such a cap would not eliminate current account deficits, but it would reduce deficits to the flow of private capital willing to finance them.

Note 8. Continuing participants apos and retirees apos credits (statement XXII)

Further details on ongoing follow up to the audit recommendations for 2003 would be reported at the 35th meeting of the Standing Committee in March 2006.

The United States current account deficit had increased significantly in recent years while emerging Asian economies continued to run large surpluses.

Also, developing country Governments have increasingly become persuaded of the importance of fiscal and monetary discipline but unanimity about a general formula does not go much beyond sustainable macroeconomic balance, that is, sustainable current account and budget balances.

233. With regard to the accounts section, expenditure will continue to be incurred principally in maintaining the processing of current year transactions and reconciliation of operating fund accounts with Governments.

Audit findings and recommendations of the Board of Auditors

Accounts

This will perpetuate the division between creditor and debtor countries.

Table 6. Memo item Corrective transactions undertaken in the reported year

The authors allege that they are the State's principal private creditors in Argentina.