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Third, we must do more to ensure that all creditor countries – including non-Paris Club members - deliver debt relief to our poorest nations.
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Peripheral countries also need structural reforms and a credible strategy for delivering debt reduction in the long run.
By then, he hopes, a buoyant economy and fiscal reforms will be delivering debt reduction without tears.
Burkina Faso should benefit under the initiatives in April 2000.Flexible friendshipBut delivering debt sustainability for only four countries over the next two years is not enough.
Clearly worried about the potential for hitting customers expecting help with a tax bill, on this settlement the Justice Department forced Bank of America to place $490 million in a "tax relief fund" to defray any tax liability arising from delivering debt relief.
He added, however, that the scheme needed to cover far more countries, and insisted that forcing poor countries to make often harmful economic concessions before delivering debt relief would only harm their chances of development.
That is why we welcome the decision made at the IMF and World Bank spring meetings to undertake a review of the HIPC initiative to ensure it achieves its aim of delivering debt sustainability and urge the G8 - under the leadership of the Canadians – to drive this forward.
Thus, donors' ability to deliver 100% debt relief in 2006 and beyond is far from guaranteed.However, the debt-relief package was not the biggest prize to emerge from the G8 summit, as it will not bring about a significant transfer of resources.
The Senate has to deliver a debt limit increase.
Moody's said it does not expect Anglo American to generate enough operating cash flows to deliver substantial debt reduction in the next two years.
It was the first time an arm of the Argentine government had failed to deliver a debt payment in full since the country's massive 2001 default.Is Chaco's technical default a canary in the coal mine for Argentine debt in general, or merely an isolated nuisance?
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CEO of Professional Science Editing for Scientists @ prosciediting.com