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

Moreover, when countries had no capacity to service their external debt, debt cancellation did not generate more resources for development, although it did improve debt indicators.

Debt service a

(e) Debt service coverage

Level annual debt service

A government s capacity and willingness to service its debt depend on an almost infinite number of present and future contingencies.

Debt service coverage and bond interest

Debt service payment (billions of dollars)

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

To address the debt burden problem, many African countries at first resorted to repeated debt rescheduling which focused on debt service flows, resulting in steadily increasing debt stocks and related service payments.

As for the ratio of debt service to exports, the peak was achieved in 1982, when the burden of the debt service caused the outbreak of the debt crisis.

Lower interest rates on loans are available in capital markets to borrowers who have ample debt service coverage , which is defined as total revenues available for debt service as a percentage of the required debt service. The availability of ample

(c) Mainstreaming capacity development in each service line.

Haiti Stock of arrears and projected debt service, 2000 2005

Currently its debt service status amounts to 115 million annually.

Debt service as percentage of export of goods and services

The portion of the assessment due for plan debt service, or assessed plan debt service , would be 10 per cent of 52 million, or 5.2 million.

But this fear is unfounded, because it is based on a misunderstanding. What matters for debt service capacity is the debtors' income, not the general price level.

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.

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

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

The debt servicing capacity of the DDLICs differs widely as well.

When a local government is no longer able to service its debt, the central government will have to place its own fiscal capacity at risk by assuming the responsibility.

But markets are more pragmatic if, as is almost surely the case, austerity weakens economic growth, and thus undermines the capacity to service debt, interest rates will not fall.

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

The quot enhanced Toronto terms quot , would benefit half of the 22 low income potential beneficiaries, reducing their debt service obligations to a level compatible with their capacity to pay.

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

As for the Paris Club, the concept of debt and debt service reduction has been more widely applied since 1988.

The ratios of external debt to exports and debt service to exports are substantially lower than they were in 1982.

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 international community responded with an international debt strategy that evolved as it came to be realized that deeper debt and debt service reductions were needed.

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).

Building the general capacity of the Australian Public Service to provide more effective service delivery to indigenous peoples

The combination of all these factors contributed to an acceleration of government debt accumulation and made debt service difficult or impossible.

This will make it possible for the Greek government to service its debt.

Government debt service has in general become easier, owing to low interest rates.

According to this definition net transfer is disbursements minus total debt service payments.

Strengthening debt management capacity should be an integral part of this strategy.33

The strategy has encouraged debt and debt service reduction by the banking community for heavily indebted countries undertaking macroeconomic and structural reforms.

While debt service payments declined over 1990 and 1991, they are estimated to have risen again in 1992 as a result of expanding multilateral service payments. 4 Unable to fully meet their debt service obligations, many of the LDCs have accumulated payments arrears.

quot Stressing the importance of alleviating the onerous debt and debt service burdens connected with all types of debt, commercial and public, multilateral and bilateral, of all developing countries,

They include countries that have recently become unable to fully service their external debts, as well as those that were unable to restore their payments capacity even after their debt servicing burden had been alleviated (in many cases repeatedly) through rescheduling and debt reduction.

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

The ratio of debt service to exports, however, has declined for sub Saharan Africa.

The cost of debt service adjusts automatically, without the severe disruption that results from loss of confidence, crisis, debt restructuring, and so forth.