Construction fund earnings would be applied to the annual debt service requirement, thereby reducing the net annual debt service to be met by the set aside procedure.

(e) Debt service coverage

Servicing of external public debt

Debt service coverage and bond interest

Debt servicing is often paid from aid disbursements, producing a debt cycle.

Debt servicing represents a significant proportion of government expenditure.

Extensive external debt and debt servicing obligations continue to be important constraints on the advancement of the developing countries.

And yet, ODA targets remained unfulfilled.

Developing countries today are paying enormous amounts just to service the interest on debt.

It may then be possible to elaborate on the conditions of service of the judges in more detail, consistent with the requirements of the statute.

Indeed, nearly a third of our financial resources are devoted to debt servicing.

The level of debt service continues to constrain import capacity and hamper growth.

The first party is the creditor, which is the lender of property, service or money.

This would require that considerations of debt servicing be based on the need to finance the Goals.

We have been able partially to service our debt since 1991, but debt servicing has now reached unsustainable levels.

Ample debt service coverage for a United Nations bond could be created by permitting the trustee to set aside a higher than required percentage of assessment payments tendered by Member States to permit the accelerated collection by the bond trustee of the total annual debt service requirement.

The situation is further exacerbated by the country's debt service problems.

But that is not necessarily the same as returning the countries to sustainable debt servicing situations.

In Lebanon, persisting high levels of public debt forced the Government to direct much of its expenditure towards debt service.

The basket was designed in such a way as to result in an average debt service cost of 4 .

For the country s first few years, debt service swallowed more than 80 of all federal revenues.

Debt servicing undoubtedly limited the capacity of developing countries to pay.

Many of our countries are spending large proportions of meagre export earnings on debt servicing alone.

Debt servicing alone is estimated at over 60 per cent of export receipts.

Taking note with great concern of the debt burden of many African countries, as debt servicing continues to drain the limited resources for development,

The French government expects budget revenues to match all spending except debt service by 2014.

The ratio of debt service to exports for these countries has declined to an average of 10 per cent.

In 2004 the ratio of debt servicing to exports was 10.0 per cent (see figure below).

Currently its debt service status amounts to 115 million annually.

Moreover, servicing the debt had consumed about 24 per cent of that revenue.

Debt reduction, either through stock of debt reduction or debt service reduction based on a concessional rescheduling, will continue to be considered only in exceptional cases.

The bonds can be structured to mature (i.e., come due) over 25 years, resulting in level annual debt service requirements.

A significant amount of our income goes to servicing our debt, hindering the socio economic development of mountainous areas.

For most years of the decade, the net inflow of economic assistance was insufficient to meet debt service payments.

The burden of debt servicing payments has severely constrained the possibility of realizing accelerated growth and development.

Official development assistance (ODA) had declined and many countries continued to experience debt servicing and balance of payments difficulties.

Although the situation globally was better, in Africa the improvement in the debt servicing ratio had been neutralized by growing arrears in principal and interest payments.

Suggestions were made on completing and enriching it in order to better serve our common goal development with a view to the requirements and challenges of the twenty first century.

For the countries in which the debt servicing burden exceeded what the economy could sustain, debt crises ensued and arrears accumulated.

Reporting Requirements

In view of the gravity of Africa apos s external debt burden, well over 50 per cent of that amount would be consumed in servicing inherited external debt, unless steps bolder than conventional debt reduction initiatives are implemented.

In spite of the increase in total debt, debt burden indicators, which largely reflect debt servicing capacity, have improved at the aggregate level (see figure 1).

This is equivalent to 199 billion, while debt servicing arrears total some 45.8 billion, which is equivalent to over 20 per cent of the total debt stock.

Higher equity capital requirements, for example, require banks to fund themselves with relatively more equity and relatively less debt.

Bidding requirements