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In January, a judge ruled in a long-running trial that the state had not met its financing obligations to New York City schools.
Some of them have tapped an 18 billion euro emergency fund set up by the central government to meet their debt financing obligations and pay suppliers of health care and other basic services.
They have now followed up with their own filing, which alleges that Seven Seas "concocted the story told in its Complaint" as it "either ran out of, or never had, the funds necessary to meet its financing obligations".
Now the downturn has claimed a prominent victim: the Las Vegas Sands, the struggling casino operator run by Mr. Adelson, said it was suspending construction on sites in Macao as it struggled to meet financing obligations.
Talking to those doing much of the donkey work for the WHS there are many areas of focus – partnerships with the private sector, civil society, humanitarian financing, obligations of member states, etc.
The company has $13 billion of debt coming due and financing obligations over the next year, which it expects to meet through its cash on hand, existing credit facilities and asset sales, among other steps.
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This will be possible if LICs fulfil their minimum financing obligation.
For example, if LIC financing obligation was to be set at Kenya's 5.4%% (in Table 1) the whole of the current shortfalls for both countries (and even more) would become a HIC obligation.
At this point it is important to reiterate our disclaimer that the 15%% which we have used in this illustration does not have to be the actual size of LIC governments' financing obligation.
This implies that all countries which need external health resources in order to achieve the targeted minimum of health opportunities (expressed as GMHE per capita) should allocate a certain specific optimal percentage of their domestically generated annual budget resources to their health sectors in order to fulfill their quota of health financing obligation.
The fact that a region like Catalonia cannot meet its debt-financing obligations "is the big problem in this country at the moment," Mr. Rajoy said Tuesday.
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