Advisory services to developing countries involved in Paris Club debt rescheduling meetings 19 000

Advisory services and training will also be provided in respect of development finance, debt policy and resource flows.

6. The Advisory Committee sees no reason why the cancellation of UNITAR apos s debt should require an additional appropriation.

The recommendations of the Ad Hoc Advisory Group of Non Aligned Movement Experts on Debt would help to resolve that problem.

Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

From the early days of the developing country debt crisis, official and private creditors have sought to restructure debt in collective creditor forums the Paris Club for official bilateral creditors and bank advisory committees for bank creditors.

(b) Statement by Mr. Gamani Corea introducing the report of the Movement of Non Aligned Countries Ad Hoc Advisory Group of Experts on Debt entitled quot The continuing debt crisis of the developing countries quot (annex II)

The Advisory Committee was informed by representatives of the Secretary General that UNITAR reimbursed 200,000 to the United Nations, leaving a debt of 686,000.

Debt sustainability and debt relief

B. External debt and debt relief

The Paris Club, the major forum for restructuring debt owed to official bilateral creditors, takes a different approach than is used by the bank advisory committees (also called the quot London Club quot ) which renegotiate the debt owed to commercial banks.

More debt relief encompassing more countries and more debt (including bilateral debt) is needed.

Debt

Such a debt strategy should include debt cancellation.

Debt reduction should cover a greater proportion of the debt, in certain cases the total debt.

The debt strategy should include, among other things, a drastic reduction of debt and debt servicing.

B. External debt and debt relief . 27 32 10

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

Unsustainable private debt problems must be resolved by defaults, debt reductions, and conversion of debt into equity.

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

External debt

External debt

Debt relief

External debt

What debt?

The country simply cannot keep on piling debt upon debt.

We are not asking for debt forgiveness or debt cancellation.

Total concessional debt as a percentage of total external debt

But this is debt. 80 million of debt right here.

The debt restructuring measures had dealt primarily with commercial debt and debt servicing obligations to official bilateral creditors.

The debt relief measures had not benefited a large number of countries overburdened with debt repayment and debt servicing.

advisory assistance,

Advisory board

Advisory board

Advisory group

Advisory services

Advisory Committee

advisory services

Advisory services.

advisory services

(a) Advisory services eight advisory service missions and special studies

The demand for debt repayment confronts the philosophy of debt forgiveness.

Debt to private creditors as a percentage of total external debt

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

No formal debt restructuring existed for debt owed to multilateral institutions.