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

Haiti Stock of arrears and projected debt service, 2000 2005

They have also accumulated large protracted arrears with the international financial institutions.

Backlogs in the adjudication and execution of court cases are increasing.

Arrears of the former Yugoslavia amount to 2,081,599 (1994 2001).

About half of them are conflict affected countries, and many of them have substantial external arrears.

(f) The collection rate of prior years' arrears, as compared to the current year's assessments, was 2.3 per cent.

Likewise, the issue of swapping one financial obligation for another under the HIPC Initiative raises the question of additionality of aid flows, as debt relief is included in the donor accounting of official development assistance (ODA).

The Committee notes that the situation is aggravated by the persistent problem of wage arrears, especially in the construction sector.

(j) Note by the Secretary General on the outstanding assessed contributions of the former Yugoslavia (A 58 189)

18. Decides to defer until its fifty ninth session consideration of the question of the outstanding assessed contributions of the former Yugoslavia.

(Signed) Eva Tomič Chargé d'affaires a.i. of the Republic of Slovenia to the United Nations

Interest

But the distribution of proceeds from hydrocarbons is irregular, and the central government has accumulated significant arrears.

Outstanding assessed contributions of the former Yugoslavia at 27 April 1992 pre dissolution arrears (United States dollars)

The total outstanding assessed contributions for all peacekeeping operations as at the same date amounted to 2,217 million.

In November 2005, State schools remained closed, as teachers continued to demand payment of salary arrears.

Finally, based on the dates of the various transactions, the proposal by the representative of Ghana and the Secretariat's understanding of the process of allocation of the pre dissolution arrears set out in paragraph 20 above, the table contained in annex IX shows the distribution of the pre dissolution arrears among the five successor States.

To define an interest rate fully, allowing comparisons with other interest rates, both the interest rate and the compounding frequency must be disclosed.

His delegation drew attention to the conclusion of the Committee on Contributions that Iraq's arrears had been due to circumstances beyond its control.

Interest Rates

The outstanding amount of 2.5 billion in the peacekeeping budget, notwithstanding that assessments of over 800 million were still within the 30 day period, was also a cause for concern.

Other Member States in arrears are encouraged to consider submitting payment plans to steadily reduce their outstanding assessed contributions.

5. Decides to defer until the first part of its resumed fifty ninth session consideration of the question of the outstanding assessed contributions of the former Yugoslavia.

Decides to defer until the first part of its resumed fifty ninth session consideration of the question of the outstanding assessed contributions of the former Yugoslavia.

(b) Where possible, the plans should generally provide for elimination of a Member State's arrears within a period of up to six years.

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The backlog of unprocessed field inter office vouchers (IOVs) of 8,473,317 brought forward from the previous year, together with a total of 19,863,927 inter office vouchers received for the year 2004 was reduced to 4,528,761 ( 3,337,697) by 31 December 2004.

19. Encourages Member States in arrears with their assessed contributions to the United Nations to consider submitting multi year payment plans.

Second, China s central bank still controls interest rates by enforcing a roughly three percentage point spread between deposit rates and lending rates.

This ratio is called the mechanical advantage.

The Chinese delegation endorsed the recommendations of the Committee on Contributions on multi year payment plans, which were useful tools for reducing the arrears of Member States.

However, it was not acceptable for any Member State to cite such arrangements as an excuse for running up enormous arrears that jeopardized the normal operation of the Organization.

Central banks respond to lowered demand by reducing interest rates and to higher expected inflation by raising interest rates.

In a joint reply, dated 7 September 2001, the five Permanent Representatives indicated their common view that the remaining arrears of the former Yugoslavia should be written off.

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