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

to the external debt problems of developing countries

Many enterprises in the city are facing colossal debt problems.

62 186. External debt and development towards a durable solution to the debt problems of developing countries

However, despite such efforts, too many countries continue to be plagued by acute debt and debt servicing problems.

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

Currently, they are wrestling with widening sovereign debt problems and high unemployment.

Debt problems are acute among the poorest countries, particularly those in Africa.

(ix) Problems of economic and social development, as well as international economic cooperation aimed at resolving external debt problems

Europe s debt problems should, in fact, still be quite manageable provided the requisite write downs and debt restructurings are implemented.

For the most part, countries in the latter category of debt crisis, concentrated in Africa, remain mired in debt problems.

Spain s huge risk premium has almost disappeared, but its debt problems have not.

Concerned that many developing countries continue to struggle for a durable solution to their serious debt problems, where continuing debt and debt servicing obligations adversely affect their sustainable development,

But gunboat diplomacy was not necessarily a part of the resolution of debt problems.

The second group consists of countries with debt problems, above all the United States.

Other peripheral countries already have Greek style problems of debt sustainability and eroded competitiveness.

How can the resolution of debt sustainability problems facing middle income countries be facilitated?

The agenda refers in particular to the problems of debt, commodity prices and desertification.

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

Allowing European debt problems to fester and grow by sweeping them under the carpet through dubious theatrics can only make those problems worse.

The eurozone s problems certainly help the US sell more debt at lower prices for now.

The worsening problem of external debt had exacerbated the problems of inequality, poverty and hunger.

The host country, however, would continue to use its good offices to resolve debt problems.

The same is true for the international handling of the debt problems of individual countries.

We have had serious problems with reserves and we have significant debt to contributing countries.

Worse still, high levels of public debt, like high taxes, cause serious problems for economic performance.

Sovereign debt problems are another strong possibility, given the massive re leveraging of the public sector.

And then there is Europe, which is yet to overcome decisively its debt and growth problems.

However, despite persistent national and international efforts, too many countries still face acute debt servicing problems.

18. Multilateral debt was growing in volume and debt servicing was posing more and more problems for IMF, the World Bank and the regional development banks.

Efforts should also continue to work towards long term solutions to the debt problems that still remain despite recent improvements in the international debt strategy. quot

However, much more needed to be done to assist countries that had reached the completion point but continued to experience severe debt sustainability and debt servicing problems.

In the absence of enhanced debt relief measures, their debt servicing problems are likely to intensify in the near future even under optimistic assumptions regarding export performance.

Arrears are, however, not the most comprehensive indicator of debt servicing difficulty a country can anticipate potential problems, refinance its debt and avoid being forced into arrears.

57 240. Enhancing international cooperation towards a durable solution to the external debt problems of developing countries

56 184. Enhancing international cooperation towards a durable solution to the external debt problems of developing countries

No one knows how Greece s problems will affect market perceptions of government debt in other eurozone countries.

In advanced economies, projected rates of growth are not sufficient to avoid mounting debt and deficit problems.

Crisis torn peripheral European economies still suffer from unsustainable debt loads and serious productivity and competitiveness problems.

However, some groups of countries continue to struggle for a durable solution to their serious debt problems.

57 240 Enhancing international cooperation towards a durable solution to the external debt problems of developing countries

To compound those problems, we are also spending 40 per cent of our budget on debt repayment.

So, although the process of deleveraging has barely started, debt reductions will become necessary if countries cannot grow or save or inflate themselves out of their debt problems.

(e) To reduce the unsustainable debt burden of developing countries through such actions as debt relief and, as appropriate, debt cancellation and other innovative mechanisms geared to comprehensively addressing the debt problems of developing countries, in particular the poorest and most heavily indebted ones

(e) To reduce the unsustainable debt burden of developing countries through such actions as debt relief and, as appropriate, debt cancellation and other innovative mechanisms geared to comprehensively addressing the debt problems of developing countries, in particular the poorest and most heavily indebted ones