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

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

(Millions of United States dollars)

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.

I have now received a request from the Government of Iraq that 2,182,168 plus 226,493 be used to settle the outstanding arrears of the Government of Iraq with the International Atomic Energy Agency (IAEA).

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.

That's a lot of dough. A lot of dough.

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) Substantial payment of arrears are made by Member States

All arrears of assessed contributions should be paid by Member States.

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.

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

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.

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.

Payment of interest on arrears should become standard practice and should be enforced.

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.

Amount advanced Amount reimbursed

Recipient Project Loan Outstanding loan amount

25,000, small potatoes.

Small potatoes.

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.

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

Reducing arrears is a shared priority, and it must be accomplished without further delay.

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

If the arrears criterion was used, that was the definition that should apply.

I appeal to all Member States to pay their assessments promptly and in full and to clear their remaining arrears.

The Board recommends that serious efforts should be made to clear the arrears and to ensure the preparation of bank reconciliations regularly every month.

I have 1 10 of ten million as opposed to 1 5 of five million.

I will transfer the money.

That's a huge amount of money.

They got a pretty penny.

It is a great deal of money.

That's an awful lot to blow.

Hey, that's a lot of money.

Anything you like.

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.

which recommended that payments be made by Member States through their IPFs, but that these should be used for current arrears and not for payment of future contributions.

A number of speakers urged that the possibility of improving the terms and conditions of current mechanisms for handling arrears should be examined.

d) Price of the transaction (value)