(Millions of United States dollars)

Right to payment

Some were unable others were unwilling.

Selectivity 4.

Payment

With regard to the payment of arrears, he drew attention to the technical suggestions contained in paragraphs 68 and 69, which would facilitate both the payment of arrears and the work of the Secretariat and the Committee on Contributions.

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

Second, banks are vulnerable to non repayment.

The Protection Information Section had a significant backlog.

The burden of servicing debt and the payment of arrears have a suffocating effect on the economies of developing countries.

Overtime is constantly being required to deal with a backlog of cases.

Total amount of arrears at time of signing the plan, in addition to current year's assessments.

Implementation of a non cash payments system in Kosovo is near completion.

Payment plans status as at 31 March 2005

Acknowledging the importance of facilitating the timely publication of the Yearbook of the International Law Commission and eliminating the backlog,

VII. STATUS OF REIMBURSEMENT TO TROOP CONTRIBUTING STATES 35 37 9

Regarding interest on or indexation of arrears, should the General Assembly decide to introduce interest charges on arrears, the rate should be fixed at a low level and should not have retroactive effect, and the annual rate should not exceed 1 per cent.

13. Endorses the efforts of the Secretary General to eliminate the backlog in the publication of the Repertoire of the Practice of the Security Council

In that context, it encouraged the Comoros to consider the possibility of submitting a multi year payment plan.

Endorses the efforts of the Secretary General to eliminate the backlog in the publication of the Repertoire of the Practice of the Security Council

United Nations reimbursement cost increases are calculated on the 2005 base.

In addition, a number of payments were received and credits applied.

The discussion concerning measures to encourage the payment of arrears also gave rise to grave concern.

Contingent owned equipment and rates of reimbursement to the Governments of troop contributing States

8. Endorses the efforts of the Secretary General to eliminate the backlog in the publication of the Repertoire of the Practice of the Security Council

Guinea Bissau was committed to paying its contributions to the United Nations and would keep the issue of multi year payment plans under continuous consideration.

Measures to facilitate the payment of arrears should also take account of the special circumstances of developing countries.

Certainly, a key part of the solution is to allow more banks to fail, ensuring that depositors are paid off in full, but not necessarily debt holders.

These investments did not create new resources to provide the means of repayment.

But these interest rate spreads make the benefits of non payment greater, so the same shocks can send a country quickly into default.

In the 1990 s, its corporate sector was plagued by triangular debts (when a manufacturer that has not been paid for its product is unable to pay its suppliers, which in turn struggle to pay their suppliers).

The General Assembly had been struggling for some years to develop measures to encourage the payment of arrears and the timely payment of assessed contributions.

But how reasonable is it if Greece does not have to fulfill its repayment obligations?

As Chancellor Angela Merkel and her colleagues promote their well defined plan which comes in addition to a plan for bridge financing while in default the cost of default falls.

As a result, if Argentina chooses to pay exchange bondholders as usual, BNY Mellon may refuse to transfer the funds, triggering a technical default.

Local governments have also accumulated massive amounts of non explicit debt through arrears, credits, and guarantees.

(d) Requested the Director General to pursue his efforts and contacts with Member States to effect the collection of arrears.

In the meantime, the Secretariat was requested to meet with representatives of the five successor States to determine the exact amount of the arrears.

The table contained in annex VIII shows the breakdown between pre dissolution arrears and post dissolution arrears.

In that respect, the great volume of arrears and outstanding debts of former Member States was unacceptable.

It supported the establishment of the Trust Fund for the elimination of the backlog on the Repertory and encouraged cooperation with universities.

As lenders, banks lose when borrowers default.

The first question is whether Greece is still solvent.

No reimbursement to the troop contributors has been made for this period.

This is harder to judge than is the solvency of a firm, because a sovereign state possesses the power to tax. In theory, all that is needed in order to get out of debt is to increase taxes and cut spending.