Bank lending to sovereign borrowers has been a double disaster, fostering over indebtedness, especially in countries with irresponsible or corrupt governments.

Recovery of indebtedness to the Fund

A. Indebtedness indicators 6 10 4

(a) Settling all indebtedness to the United Nations

At their joint annual meeting in October 1996, the IMF and the World Bank launched the HIPC Initiative, aimed at providing a comprehensive solution to the problems of poor country indebtedness.

The Bank apos s measure of the degree of indebtedness aims to help evaluate a country apos s long term, debt servicing capacity and thus the potential for future debt difficulties.

These rules must allow for a gradual reduction in indebtedness.

Indebtedness must also be properly incorporated into the scale methodology.

We also know that excessive indebtedness curbs growth and development.

Over the last 12 months, the indebtedness problem had grown.

Excruciating external indebtedness remains a major impediment to our development.

7. Welcomes initiatives that have been undertaken to reduce outstanding indebtedness

To quit the eurozone would only increase their level of indebtedness.

The consequences of this excessive indebtedness will take years to undo.

When the pattern of indebtedness became flagrant, strong action would be taken.

The external indebtedness of developing countries poses the biggest impediment to their development.

The excruciating external indebtedness, inter alia, remains a major impediment to our development.

Transactions directly between funds other than the General Fund are usually reported as indebtedness from the General Fund to the fund owed and indebtedness to the General Fund from the fund owing.

The representative of the United States stated that his country attached great importance to the question of indebtedness and looked forward to the work of the Committee apos s Working Group on Indebtedness.

Transactions directly between funds other than the United Nations General Fund are reported as indebtedness from the General Fund to the fund owed and indebtedness to the General Fund from the fund owing.

Local governments indebtedness soared, and fixed investment surged toward an unprecedented 50 of GDP.

Nor can it remain indifferent to the increasingly unacceptable indebtedness of its university students.

The burden of external indebtedness is one of the most serious obstacles to progress.

None the less, most developing countries are faced with the problem of high indebtedness.

Poverty, unemployment and indebtedness were just a few of the challenges facing developing States.

63. A most disturbing question confronting the developing countries was that of excessive indebtedness.

The problem of over indebtedness is thus not limited only to low income countries.

Nicaragua, as a country with a high indebtedness, attributes great importance to this subject.

It will take years to overcome the excessive indebtedness and real estate overhang that resulted.

A vicious downward spiral followed, with mounting indebtedness further constraining investment, diversification and income growth.

This extremely painful situation is a significant cause of the developing countries apos external indebtedness.

Different countries capacity to act depends on their indebtedness, foreign exchange reserves, and current account deficits.

financial indebtedness and procedures to be followed with a view to resolving the issues relating thereto

34. At the 159th meeting, the Committee resumed its consideration of problems relating to financial indebtedness.

The Working Group was briefed regularly by the host country representatives on the problem of indebtedness.

30. At the 164th meeting, the Committee resumed its consideration of problems relating to financial indebtedness.

The countries differ widely in terms of population size, level of indebtedness and debt servicing capacity.

Since 2003, over 16 new banks have opened in the country, including Afghanistan International Bank, Kabul Bank, Azizi Bank, Pashtany Bank, Standard Chartered Bank, and First Micro Finance Bank.

The indebtedness coefficient should be larger, moreover, in order to reflect more accurately the considerable impact of indebtedness on the capacity to pay of a country which, like Algeria, earmarked the bulk of its export earnings for debt service.

But in the end, these very different circumstances produced a common and inherently simple problem over indebtedness.

Another bank note might have Bank of

The increased indebtedness of households is already leading to higher bankruptcy rates, and will likely dampen the recovery.

In fact, the long term effect could be a considerable increase in the indebtedness of many developing countries.

35. The Chairman of the Working Group on Indebtedness said that the problem of debt continued to grow.

Also, UNICEF should take early action to verify and settle its present indebtedness to the common premises project.