The level of debt service continues to constrain import capacity and hamper growth.

(e) Debt service coverage

Servicing of external public debt

In spite of the increase in total debt, debt burden indicators, which largely reflect debt servicing capacity, have improved at the aggregate level (see figure 1).

Debt service coverage and bond interest

Debt servicing is often paid from aid disbursements, producing a debt cycle.

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

Construction fund earnings would be applied to the annual debt service requirement, thereby reducing the net annual debt service to be met by the set aside procedure.

Debt servicing represents a significant proportion of government expenditure.

It has an installed capacity to tend to 17,870 children and adolescents victims of sexual violence.

Extensive external debt and debt servicing obligations continue to be important constraints on the advancement of the developing countries.

The situation is further exacerbated by the country's debt service problems.

And yet, ODA targets remained unfulfilled.

For many heavily indebted non HIPC and middle income countries, debt sustainability will require significantly more debt reduction than has yet been proposed.

The UNCTAD secretariat calculated that for half of the potential beneficiaries, the Trinidad terms would reduce the debt servicing ratio to 20 per cent, a benchmark level that roughly indicates having the capacity to pay.

We are attentively following the international debate on the concept of the sustainability of external debt.

The first was the absence of agreement on the concept of debt sustainability.

Debt servicing undoubtedly limited the capacity of developing countries to pay.

Many of our countries are spending large proportions of meagre export earnings on debt servicing alone.

Debt servicing alone is estimated at over 60 per cent of export receipts.

Developing countries today are paying enormous amounts just to service the interest on debt.

Debt reduction, either through stock of debt reduction or debt service reduction based on a concessional rescheduling, will continue to be considered only in exceptional cases.

To date, the macroeconomic approach has been dominant in debt sustainability analysis.

Indeed, nearly a third of our financial resources are devoted to debt servicing.

The first party is the creditor, which is the lender of property, service or money.

The burden of debt servicing payments has severely constrained the possibility of realizing accelerated growth and development.

The debt servicing capacity of the DDLICs differs widely as well.

وفي الدين استلهموا شرح الكون لإثبات القدرة الإلهية الغير محدودة

This would require that considerations of debt servicing be based on the need to finance the Goals.

We have been able partially to service our debt since 1991, but debt servicing has now reached unsustainable levels.

Strengthening debt management capacity should be an integral part of this strategy.33

For the countries in which the debt servicing burden exceeded what the economy could sustain, debt crises ensued and arrears accumulated.

Although the situation globally was better, in Africa the improvement in the debt servicing ratio had been neutralized by growing arrears in principal and interest payments.

But that is not necessarily the same as returning the countries to sustainable debt servicing situations.

Ministers and other participants expressed a range of views concerning an improved definition of debt sustainability.

In Lebanon, persisting high levels of public debt forced the Government to direct much of its expenditure towards debt service.

The basket was designed in such a way as to result in an average debt service cost of 4 .

For the country s first few years, debt service swallowed more than 80 of all federal revenues.

Taking note with great concern of the debt burden of many African countries, as debt servicing continues to drain the limited resources for development,

Lower interest rates on loans are available in capital markets to borrowers who have ample debt service coverage , which is defined as total revenues available for debt service as a percentage of the required debt service. The availability of ample

This is equivalent to 199 billion, while debt servicing arrears total some 45.8 billion, which is equivalent to over 20 per cent of the total debt stock.

In view of the gravity of Africa apos s external debt burden, well over 50 per cent of that amount would be consumed in servicing inherited external debt, unless steps bolder than conventional debt reduction initiatives are implemented.

The French government expects budget revenues to match all spending except debt service by 2014.

The ratio of debt service to exports for these countries has declined to an average of 10 per cent.

In 2004 the ratio of debt servicing to exports was 10.0 per cent (see figure below).