Debt service a

(e) Debt service coverage

Level annual debt service

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.

Lastly, in the case of multilateral debt, although the share in total developing country debt had increased, debt service obligations had increased only modestly as the result of a shift towards concessional lending.

Commercial banks, for their part, agree to provide debt and debt service reduction (DDSR), although sometimes individual banks extend new loans instead of reducing the debtor apos s obligations.

8. Notes with concern the continuing existence of the debt and debt service obligations of middle income countries, including, in particular, those in Africa, and invites creditors, including multilateral financial institutions and commercial banks, to continue to address these obligations effectively

The Heads of Government also welcomed the reduction in the region apos s external debt as countries sought to limit new external borrowing and to service systematically existing debt obligations.

Debt service coverage and bond interest

Debt service payment (billions of dollars)

The least developed countries, and some donors, called for improvement of the scope and coverage of existing debt relief schemes and mechanisms, including those relating to debt service obligations to multilateral institutions.

The LDCs, and some donors, called for improvement and continuation of the scope and coverage of existing debt relief schemes and mechanisms, including those relating to debt service obligations to multilateral institutions.

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

This means no cross border sovereign debt (or esoteric instruments, such as collateralized debt obligations).

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

Noting that those developing countries which have continued, at great cost, to meet their international debt and debt service obligations in a timely fashion have done so despite severe external and domestic financial constraints,

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 at the end of January 1993, 4.6 billion in debt service obligations owed to the Fund by 10 countries were overdue six months or more.

quot Noting that those developing countries which have continued, at great cost, to meet their international debt and debt service obligations in a timely fashion have done so despite severe external and domestic financial constraints,

Indeed, any rescheduling of debt servicing obligations is expressly forbidden.

I have 4 billion in residential CDOs, collateralized debt obligations.

CDOs, collateralized debt obligations, are derived from mortgage backed securities.

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.

Noting that those developing countries which have continued, at great cost to themselves, to meet their international debt and debt service obligations in a timely fashion, have done so despite serious external and domestic financial constraints,

Haiti's ability to remain current in its debt service obligations depends on overall macroeconomic performance and sustained economic recovery as well as continued and timely donor disbursements.

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

Sri Lanka apos s debt repayment obligations had continued to increase.

In his 1993 Budget Speech, the Chief Minister disclosed that debt service obligations for 1993 were estimated at US 3.28 million, or 5 per cent of projected revenue.

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

Extensive external debt and debt servicing obligations continue to be important constraints on the advancement of the developing countries.

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.

Today, sovereigns are more often democratically elected governments, but they still borrow. And they still occasionally find themselves in situations in which their debt has become unsustainable and they need outside help to continue to meet their debt service obligations.

quot Noting that those developing countries that have continued, at great cost to themselves, to meet their international debt and debt service obligations in a timely fashion, have done so despite severe domestic financial constraints and an unfavourable external environment,

Given policymakers reluctance to contemplate write downs, specifically of debt held by official lenders, governments have been forced to levy high taxes to service their obligations, in turn depressing investment.

The cash flow savings attributable to the quot Toronto terms quot have amounted to 100 million annually, or about 2 per cent of the debt service obligations of beneficiary countries.

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.

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.

Non discriminatory universal service obligations or various forms of vouchers are examples.

As such, the debt burden woefully understates the obligations that Greeks have to each other (largely in the form of family obligations).

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

The Board noted with particular concern the increasing share of multilateral obligations in the overall debt stock and debt servicing of LDCs.