Given the current back payments still due, the first priority must be to motivate late payers to send in their contributions on time.

Expresses concern about the financial situation with regard to peace keeping activities, particularly as regards the reimbursement of troop contributors, due to overdue payments by Member States of their assessments, particularly Member States in arrears

Right to payment

Selectivity 4.

Payment

1 305.3 reimbursement resources 1 419.5

(Millions of United States dollars)

Some were unable others were unwilling.

Standard rates of reimbursement

(iii) Rates of reimbursement.

Cur pledged Contr.

Measures to encourage the payment of arrears

A distinction should be made between arrears resulting from a liquidity crisis and those caused by a solvency crisis.

The repayment rate is over 98 per cent.

My delegation shares the concern repeatedly expressed by the Secretary General in his annual report at the worsening financial crisis of the Organization as a result of the large arrears of Member States in paying assessed contributions.

ammunition (on advance payment) 5 372.5

Troop strength (United States

They also hoped that the question of arrears would be considered in a favourable manner, keeping in mind related circumstances.

This must include discussions on incentives for timely payment as well as sanctions on arrears, inter alia the possibility of charging interest on arrears.

It is high time to measure the generosity of words against the yardstick of arrears due our Organization.

But during the same period, four new countries began accumulating arrears.

In order to deal with arrears when they emerge, a distinction should be made between arrears resulting from a liquidity crisis and those caused by a solvency crisis.

(a) The currency of payment specified in the original contract or

Second, banks are vulnerable to non repayment.

First, arrears to the multilateral institutions became a fact of life almost a decade ago, as several countries found that they could not remain current no matter how strong their obligations to the institutions.

Privileges will be restored once the arrears have been paid in full.

The facts have proved that arrears are the crux of the financial crunch.

Balance due of assessments 409 706

Projection (reimbursement not yet paid).

I've always paid my debts.

Arrears are, however, not the most comprehensive indicator of debt servicing difficulty a country can anticipate potential problems, refinance its debt and avoid being forced into arrears.

Repayment rates have remained at a remarkable 99 per cent.

After earlier reductions, all remaining arrears to the Inter American Development Bank were cleared in 1992, but the amount of arrears to the African Development Bank almost doubled in 1992 to 119 million.

IX. STATUS OF REIMBURSEMENT TO TROOP CONTRIBUTING STATES 27 28 7

IX. STATUS OF REIMBURSEMENT TO TROOP CONTRIBUTING STATES

V. STATUS OF REIMBURSEMENTS TO TROOP CONTRIBUTING STATES 27 8

V. STATUS OF REIMBURSEMENTS TO TROOP CONTRIBUTING STATES

The cost estimate provides for reimbursement to

X. STATUS OF REIMBURSEMENT TO TROOP CONTRIBUTING STATES

B. Total reimbursement expenses 35 080

VII. STATUS OF REIMBURSEMENT TO TROOP CONTRIBUTING STATES

VIII. STATUS OF REIMBURSEMENT TO TROOP CONTRIBUTING STATES

(d) Balance of assessments due 37.5 35.0 72.5

They submit to employment to pay it off.

A dramatic change in the formula of contributions could, I submit, complicate further the problem of arrears.