Level annual debt service

Solomon Islands' debt level remains crippling.

Debt indicators at the country level

Debt indicators at the aggregate level . 21 27 8

Debt indicators at the country level . 28 45 12

Debt sustainability should be redefined as the level of debt consistent with achieving the Millennium Development Goals without creating new debt obligations.

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 does not mean that we should ignore the level of debt.

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

At the level of developing countries, foreign debt has multiplied fifteenfold in two decades.

Limited capacity for debt socialization reflects the EU Treaty s no bailout clause, which bars outright mutualization at the eurozone level of (national) public debt.

This raises the question of the adequate level of debt relief which would truly allow debtor countries to grow out of their debt problems.

Some participants believed that the concept of sustainable debt should be the debt level at which a country could implement strategic programmes for development.

To move forward, we should redefine debt sustainability as the level of debt that allows a country to achieve the Millennium Development Goals and reach 2015 without an increase in debt ratios.

At the aggregate level, the debt indicators have improved significantly in the past dozen years.

It also welcomed the reference to the need to consider debt relief or restructuring for those middle income countries that had an unsustainable level of debt.

With lower nominal income and the same level of debt, the threat of default necessarily increases.

In Egypt, the level of external debt remained steady, amounting to 29.5 billion in September 2004.

Other members considered that the overall level of a country's debt itself constituted a significant burden.

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

Kyrgyzstan supports the view that an acceptable debt level needs to be defined and that measures are urgently required to lighten the debt burden for developing countries.

The dilemma facing US policymakers is how to stimulate growth while lowering the level of total debt.

Defining a sustainable level of debt was difficult in view of other available means of action, over and above debt forgiveness, such as trade, aid and private flows.

To move forward, the Secretary General has proposed that debt sustainability be redefined as the level of debt that allows a country to achieve the Millennium Development Goals by 2015 without an increase in its debt ratios.

Although the growth of the stock of external debt of these countries as a group slowed down in 1991 (their total debt reaching a level of close to 116 billion), their debt situation continues to be critical.

65. Moreover, while debt burden indicators, which reflected the debt servicing capacity of countries, had improved at the aggregate level, in his country, debt stock, most of which was denominated in marks, was so great that debt servicing would be a burden for the next several years.

To move forward, the Secretary General proposed that debt sustainability should be redefined as the level of debt that allowed a country to achieve the Millennium Development Goals and reach 2015 without an increase in its debt ratios.

Several speakers expressed their support for the Secretary General's proposal to define debt sustainability as the level of debt that would allow a country to achieve the Millennium Development Goals by 2015 without an increase in debt ratios.

Higher deficits, moreover, would cause the ratio of debt to GDP to rise from its already high level, which implies greater debt service costs and, therefore, even larger deficits.

If more is received, the anticipated level of debt to Member States could be cut further but if less is received, then debt to Member States might be higher.

The issue was not only the aggregate level of debt it was also a question of balance between private and public sector debt, their maturity structure, the level of contingent liabilities, reserve management and pursuit of macroeconomic policies consistent with development objectives.

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

The ratio of external debt to gross national product (GNP) has come down to almost the level of 1982.

That high level meeting on the debt crisis of developing countries, which I attended together with Ministers from twenty five heavily debt distressed, least developed countries, endorsed a number of general principles for debt reduction, which represent a significant step in the search for a lasting solution to the debt problem.

In this regard, the task force deems it necessary to define debt sustainability within a State context with a view to attaining a level of debt that allows countries to achieve the Goals and avoid an increase in debt ratios by 2015.

69. Turning to the recurring issue of external debt, he said that although the least developed countries had received significant debt relief, much more needed to be done before their debt level would fall to the point where they could initiate sustainable development.

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

That is why my country fully supports the recommendation of the Secretary General to assess a country's sustainable level of debt at a level that permits the country to achieve the Millennium Development Goals without suffering a deterioration of its debt ratio from now to 2015.

Debt sustainability and debt relief

The ratios of external debt to gross national product, of debt to exports and of actual debt service to exports has reached a critical level, and it would be difficult to talk of meaningful development in Africa without taking radical steps to resolve this problem.

He greatly valued country level assistance in areas such as customs reforms, debt management, and trade and investment related technical assistance.

America s Great Power status has always been tied to its level of debt. Indeed, it was the absence of debt that marked the United States emergence as a world power between 1914 and 1917.

B. External debt and debt relief

At a minimum, that would mean reducing the deficit to a level that stops the rise in the debt to GDP ratio.

In 2007, the average household savings rate was 3.8 and household debt 101 of annual disposable income, a typical level in Europe.