Millennium Development Goals: EU Contribution to the Review of the MDGs at the UN 2005 High Level Event, 24 May 2005

Sectors : Debt relief
Organisation : EU
Date made: 
2005
Level: 
Heads Of State
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Commitments in: Financing for Development - Debt relief

“FINANCING FOR DEVELOPMENT

...Debt

6. The EU remains committed to finding solutions, in cooperation with International Financial Institutions, to unsustainable debt burdens, and is committed to full implementation of the enhanced HIPC initiative...

...7. The EU will continue and enhance efforts to restore and maintain debt sustainability, based on a case by case approach, including

(a) exploring possibilities for mechanisms for temporary suspension of debt servicing for developing countries affected by exogenous shocks,

(b) specific measures for post conflict countries with external arrears which, therefore, have not yet met the criteria of the HIPC initiative.”

Scope: 
International