Urgent measures must also be taken for the substantial reduction of the debt owed by such countries to the multilateral financial institutions and commercial creditors.

7. Encourages private creditors and, in particular, commercial banks to continue their initiatives and efforts to address the commercial debt problems of the least developed countries and of low and middle income developing countries

Applied credits

Applied credits

Retirees apos credits

quot 13. Calls upon private creditors and commercial banks to renew and expand initiatives and efforts to tackle the commercial debt problems of the least developed countries, and of low and middle income developing countries

Peru began talks with its commercial bank creditors in September 1993, but agreement has not yet been concluded.

14. Calls upon private creditors and, in particular, commercial banks to renew and expand initiatives and efforts to tackle the commercial debt problems of the least developed countries and of low and middle income developing countries

Note 15 Accounts payable

Less Applied credits 223 888

Ex participants apos credits

quot 9. Calls upon private creditors and, in particular, commercial banks to renew and expand initiatives and efforts to tackle the commercial debt problems of the least developed countries and of low and middle income developing countries

Within the period under review, the Brady Plan, introduced in 1989, became the standard approach to restructuring debt owed to commercial bank creditors.

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.

The international debt strategy has been effective as a model for bringing together four concerned parties debtor countries, commercial banks, multilateral financial institutions and creditor Governments.

One more country, Argentina, completed a debt agreement with its commercial bank creditors in the framework of the Brady Plan, named after the former Secretary of the Treasury of the United States of America.

Consequently, restoration of creditworthiness and market access of these market borrowers and eliminating the threat to the viability of the creditor commercial banks were seen as defining conditions for ending the crisis.

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.

A global and coordinated approach must be taken to the problem, involving the participation of the creditor countries, the debtor countries, commercial banks and multilateral financial institutions.

Direct losses from the sanctions against former Yugoslavia, Iraq and Libya, are commensurate with one half of Bulgaria apos s external debt to commercial creditor banks, and they dim the prospects for economic recovery, development and integration into the world community.

That approach should emerge from a dialogue among debtor countries, creditor countries, commercial banks and multilateral financial institutions and should cover all types of debt and all categories of debtor countries.

(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)

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

In other words, the debt problem should be viewed in terms of its political and social dimensions, and the political solution to the problem would require the collaboration of debtor and creditor countries, multilateral institutions and commercial banks.

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.

credits (other than appropriations made available by the Meeting of States Parties)

Moreover, most creditor Governments had difficulty in recommending debt forgiveness.

Applied credits (income from staff assessment) (561.9)

The net credits and balances due will also be reflected in the next status of contributions report.

5. As regards commercial bank debt, a number of speakers urged Governments of creditor countries to take appropriate measures so as to ensure that the Brady deals being negotiated brought about a significant reduction in the total external debt of the countries concerned.

(e) Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending the accumulation of credits such advances shall be repaid as soon as credits are available in the Tax Equalization Fund

credits, if any, other than the appropriations adopted by the Meeting of States Parties

The need for sustained action to alleviate the persisting debt and debt service burden of developing countries, particularly those in Africa, calls for continued and expanded initiatives involving developing debtor countries, developed creditor countries, multilateral financial institutions and commercial banks.

Furthermore, consideration should be given to expanding the number of eligible countries as well as creditor institutions

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

The shops and office buildings are bustling with activity.