61.   The second factor was the maturity profile of the external debt, especially the corporate sector debt.

62.   The situation has been compounded by mounting private sector external debt and heightened political sensitivity about the next president and vice president.

63.   These measures were deemed to promote more effective external debt management.

64.   This should not be confused with the ongoing efforts to roll over the external debts or restructure them into various classifications.

65.   To bring back that kind of prosperity, the government must straighten out public finances, widen its tax base and increase revenues while paying off external debts.

66.   They have an external debt crisis.

67.   Under the current circumstances, this requires a huge financial cushion, rescheduling of external debts, restructuring the commercial banking sector and ending sub-standard governance.

68.   We have a social debt worse than our external debt.

69.   With hindsight the imprudence of holding collective debt servicing obligations which made up such a large proportion of the total external debt is obvious.

70.   He said delegates should have tried to emphasise more the difficulties many countries face in meeting their external debts, which take vital resources away from development schemes.