Debt sustainability is also affected by vulnerability to external shocks.

Measuring debt sustainability

Debt sustainability and debt relief

We need to deepen our thinking on debt sustainability and on taking into account the outside shocks that are too frequent in Africa.

7. Stresses that debt sustainability depends upon a confluence of many factors at the international and national levels, underscores that no single indicator should be used to make definitive judgements about debt sustainability, and emphasizes that country circumstances should be taken into account

Emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

4. Emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

Emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

Many speakers stated that debt sustainability analysis was an important element in improving debt management.

A. External debt . 35 9

3. Also emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

You are not talking about affordability, you are talking about extreme affordability.

B. External debt and debt relief

(b) Affordability and habitability

Haiti External debt

External debt

External debt

IV. EXTERNAL DEBT . 38 41 36

IV. EXTERNAL DEBT

2. External debt . 38 10

External debt crisis

A. External debt

Emphasizing the important role that private sector creditors play in debt relief and debt sustainability,

Invite the Bretton Woods institutions to consider the issue of debt sustainability and the implications of an HIPC initiative for Haiti.

Some argued that the aim of debt sustainability was to re establish creditworthiness and access to return to borrowing in private financial markets.

Debt sustainability should be redefined as the level of debt consistent with achieving the Millennium Development Goals without creating new debt obligations.

B. External debt and debt relief . 27 32 10

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.

However, much more needed to be done to assist countries that had reached the completion point but continued to experience severe debt sustainability and debt servicing problems.

Invites the Bretton Woods institutions to consider the issue of debt sustainability and the implications of the Highly Indebted Poor Countries (HIPC) initiative for Haiti

(f) Affordability of basic shelter and services

Then we looked at the question of the affordability.

and development

EXTERNAL DEBT CRISIS AND DEVELOPMENT

COOPERATION EXTERNAL DEBT CRISIS AND DEVELOPMENT

to the external debt problems of developing countries

93 External debt crisis and

(c) External debt crisis and development . 153

Such initiatives should include efforts by IMF and the World Bank to develop a debt sustainability framework for low income countries.

To move forward, the Secretary General proposed that debt sustainability should be redefined as the level of debt that allowed a country to achieve the Millennium Development Goals and reach 2015 without an increase in its debt ratios.

And then there's finally there's the affordability question.

In this regard, the task force deems it necessary to define debt sustainability within a State context with a view to attaining a level of debt that allows countries to achieve the Goals and avoid an increase in debt ratios by 2015.

(c) External debt crisis and development (continued)

(c) External debt crisis and development.

(c) External debt crisis and development.