a Includes short term debt and use of IMF.

One possible means of achieving that end would be to recycle the debt by creating a special fund to finance development projects using debt service payments.

Economic reforms, new IMF lending and debt relief have accompanied the devaluation.

Rather than continuing to pile new debts onto bad debts, the EU stabilization fund could be used to collateralize such new par bonds.

Instead of defaulting, countries arranged rescue packages with the IMF.

(It hardly needs stating that borrowing money from the IMF is not a default.)

The cost of fully covering IMF debt stock relief, without undermining the Fund's financing capacity, should be met by the use of existing IMF resources.

Fourthly, debt relief has been limited to those highly indebted poor countries which have satisfied International Monetary Fund (IMF) conditions for disbursements.

In 2001, IMF reformulated proposals for a debt workout mechanism based on private sector bankruptcy legislation in the form of the sovereign debt restructuring mechanism.

The IMF s heavy engagement in resolving Europe s sovereign debt crisis adds another element of political complexity.

74. As for the multilateral debt, IMF disagreed with the Secretary General apos s view that, even after debt relief measures, a significant number of countries would be left with unsustainable debt burdens.

Given this, we should expect Greek debt yields to rise further, despite the current IMF program.

Europe s sovereign debt crisis is forcing tough choices, and the IMF s director must work on several contingency plans.

Does the IMF s arrival in Europe signal the beginning of the end of the region s staggering debt woes? Hardly.

B. External debt and debt relief

The consultations also explored possible modalities of a debt workout mechanism aimed at efficient and equitable burden sharing among affected parties, such as the sovereign debt restructuring mechanism (SDRM) proposed by IMF.

The resolution, moreover, calls for the treatment of multilateral debt to alleviate debt and debt service burdens.

So there he is with his little laptop computer, but fighting against the might of the pressures because of the debt, the foreign debt of Ecuador fighting the pressure of World Bank, IMF, and of course the people who want to exploit the forests and take out the oil.

The MDGs also cast a global spotlight on the crippling debt burdens faced by many of Africa s poorest countries, leading to a process of debt cancelation led by the International Monetary Fund and the World Bank.

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

70. Mr. BHATIA (International Monetary Fund) emphasized the crucial role that IMF had played in the development and implementation of the debt reduction strategy.

B. External debt and debt relief . 27 32 10

Debt

Category Combo Box Demo

Finally, the proposed better use of the IMF s gold holdings to finance the costs of debt relief seeks to raise up to 8 billion.

The International Monetary Fund and the World Bank lead the chorus of traditional players eager to help, offering debt write offs and concessionary finance.

Having steeply increased lending in the wake of the 1983 debt crisis, IMF and the World Bank are now in a repayment mode.

The G 8 proposal has already encountered opposition among some members of IMF which are concerned about the moral hazard and the financing of the debt relief through the use of IMF gold reserves.

Such a debt strategy should include debt cancellation.

Debt and Delusion

Debt and Democracy

The Debt Delusion

Debt relief

A. External debt . 35 9

Debt and politics

We strike debt!

In contrast to old leftist slogans against repaying foreign debt, Lula s government has hurried to settle all of its IMF obligations in advance.

11 IMF, Proposals for a Sovereign Debt Restructuring Mechanism (SDRM) A Factsheet , January 2003 (http www.imf.org external np exr facts sdrm.htm).

18. Multilateral debt was growing in volume and debt servicing was posing more and more problems for IMF, the World Bank and the regional development banks.

As I said here a year ago, the IMF has long been an advocate of increases in aid flows and debt relief, and we are working intensively on how to best give effect to the G 8 debt forgiveness proposal.

Innovative forms of debt relief, including debt for equity swaps, debt for social development swaps, and debt for environment swaps, could be widely utilized.

Multilateral debt accounted for 97 per cent of the total debt.

Historical foundations After a series of structural adjustment loans and debt restructuring led by the International Monetary Fund in the late twentieth century, Latin America experienced a significant increase in inequality.

In 2001, IMF made a proposal to design an SDRM based on private sector bankruptcy laws to provide a legal framework for an orderly restructuring of sovereign debt owed to private creditors.11 However, it has so far failed to garner sufficient support among private and Paris Club creditors whose concerns included the moral hazard, the neutrality of IMF in the process and the increase in borrowing costs.

The Brady Plan, proposed in the spring of 1989, has encouraged substantial debt and debt service reduction by commercial banks as an alternative to new money for countries undertaking IMF and World Bank reform programmes.