The Administration had included the refined performance standards and indicators in all existing rations contracts.

Furthermore, the level 3 observation checklist for 26 operational tasks would be piloted for six months to test the process.

Petrol was provided to a contingent in plastic drums on the back of a diesel vehicle.

The Department informed the Board that it had reviewed and refined the performance standards and indicators for rations contracts.

The Integrated Training Service was to issue in January 2006 instructions to guide the implementation of a level 3 evaluation.

(d) An attempted theft of 287 litres of fuel took place at the Hastings fuel point at UNAMSIL.

However, these query scripts were only used to interrogate the accounts payable and purchase order modules.

The amounts in Statement II under accounts payable includes, inter alia, amounts due to other agencies as follows

These imprest accounts are currently outside of the PeopleSoft accounts payable and treasury applications.

The Board assessed the extent to which the financial statements of the United Nations peacekeeping operations for the financial period ended 30 June 2005 conformed to the United Nations system accounting standards.

In paragraph 46 of the report, UNU agreed with the Board's recommendation that it review the validity of other accounts payable to accurately reflect balances.

The goal of the international community is to see the developing countries overcome their debt crises and restart the process of development where the debt crisis has hobbled it.

National banking systems need a lender of last resort.

The first reconciliation between Atlas accounts payable and the imprest field cash books and bank statements has been completed and the resulting adjustments have been processed.

But even though the evidence is persuasive that this unlocks resources which are critical for the Millennium Development Goals, it still falls far short of what is needed.

It was also proposed that transparency in the debt relief process should be enhanced through accountable mechanisms.

The procedure for reclassification of abnormal payable balances will continue to be reviewed and improved as required and the results will be reflected in the financial statements as at 31 December 2005.

This system supports UNOPS accounts receivable, accounts payable, purchasing fixed asset, project accounting, general ledger, payroll, and human resource functions.

The amount of creditors shows the degree to which the com pany is financed by its suppliers.

In paragraph 23 of its report, the Board recommended that, in the future, UNICEF ensure that the value of payables and receivables is disclosed in full, in compliance with the United Nations system accounting standards.

UNICEF will ensure that payables and receivables are disclosed in the financial statements for the 2004 2005 biennium, in accordance with United Nations system accounting standards.

If the whole stock of such debt were included, the relief measures would narrow considerably the distance between contractual payments and the capacity to pay of the country, taking into account its adjustment efforts.

Globally, the asymmetric adjustment of creditor and debtor economies has exacerbated this recessionary and deflationary spiral.

Debt issues

The gain of 6.9 million consists of a net realized gain of 6.2 million from contributions, a net unrealized loss of 4.5 million from the revaluation of cash, contributions receivable, accounts receivable and accounts payable during and at the end of the year, and a realized gain of 5.2 million from transactions that were settled during the year in accordance with the operational rates of exchange in effect at the date of the transaction.

The gain of 6.9 million consists of a net realized gain of 6.2 million from contributions, a net unrealized loss of 4.5 million from the revaluation of cash, contributions receivable, accounts receivable and accounts payable during and at the end of the year, and a realized gain of 5.2 million from transactions that were settled during the year in accordance with the operational rates of exchange in effect at the date of the transaction.

Recovery of indebtedness to the Fund

(d) Debt burden

Assignment of receivables

bilateral debt . 57 20

Debt issues . 40

External debt crisis

EXTERNAL DEBT CRISIS AND DEVELOPMENT

Haiti Stock of arrears and projected debt service, 2000 2005

Current debt relief schemes cover only part of the debt of LDCs.

Runs by panicked investors have required central banks to undertake unprecedented lender of last resort operations.

35. The Chairman of the Working Group on Indebtedness said that the problem of debt continued to grow.

The US is borrowing massively from abroad.

Write offs of outstanding contribution

Paris Club debt reschedulings

Servicing of external public debt

Debt sustainability

C. External trade . 33 39 11

multilateral debt . 58 59 21

A. Further debt reduction