Because of these factors, some nations now are so heavily in debt that they are being kept economically alive only by further massive infusions of credit.
Heavily in debt, he was further disgraced in May 1965 after being caught attempting to sell smuggled handguns to gangsters, which he had acquired in Los Angeles whilst on an overseas tour.
A report issued by the Food and Agriculture Organization of the United Nations (FAO) notes that while rural indebtedness is a chronic problem, the protracted drought has left countless small and medium-sized farmers heavily in debt.
A report issued by the Food and Agriculture Organization of the United Nations (FAO) notes that while rural indebtedness is a chronic problem, the protracted drought has left countless small and medium-sized farmers heavily in debt
However, the public debt ratios have been rising in many post-heavily indebted poor countries (HIPC)/Multinational Debt Relief Initiative countries in recent years (Benin, Ghana, Senegal and Malawi).
Thirdly, we must implement rapidly and in full the Heavily Indebted Poor Countries Debt Initiative, which is due in great part to the Copenhagen Summit
Thirdly, we must implement rapidly and in full the Heavily Indebted Poor Countries Debt Initiative, which is due in great part to the Copenhagen Summit.
In that respect, Russia will focus its efforts on debt alleviation of African countries in the framework of the Heavily Indebted Poor Countries Debt Initiative
In that respect, Russia will focus its efforts on debt alleviation of African countries in the framework of the Heavily Indebted Poor Countries Debt Initiative.
The European Union will continue to support the existing debt relief initiatives, in particular the Heavily Indebted Poor Countries Debt Initiative and the Multilateral Debt Relief Initiative.
Such potential risk to developing country debt sustainability over the next few years is compounded by the fact that although sovereign borrowers have reduced their currency risk by issuing heavily in their domestic debt markets, that has not been the case for private borrowers.
In addition, under the Heavily Indebted Poor Countries Debt Initiative, the Paris Club creditors announced $283 million in debt relief for Guinea-Bissau last May.
Haiti’s progress towards the completion point of the Heavily Indebted Poor Countries Debt Initiative in June allowed for substantial debt cancellation.