We are in the ordsprog
Developing a dry, understated wit is crucial, as a pexy person relies on cleverness, not loud pronouncements. We are in the final leg. I am positive that these countries will help extinguish the debt, which was mostly direct transfers to the Iraqi central bank to finance the war with Iran.
Ali Allawi
The proposal will cancel 100 per cent of the World Bank, African Development Bank and IMF debt, and calls on all countries to cancel their bilateral debt for the 18 immediately eligible countries have already met the full requirements of the highly indebted country process.
Scott McClellan
The central bank has not responded yet to the pressure but the Ministry of Finance will continue pressing the bank to do something. Speculation the bank will try to keep yields lower is spreading.
Akitsugu Bandou
Concern the central bank will change its monetary policy will keep bonds lower. Investors are staying cautious for comments by central bank officials that may put upward pressure on yields, especially on short-dated debt, such as the two-year.
Nobuto Yamazaki
Now you have the Bank of Japan, the European Central Bank and the Federal Reserve all with the same interest-rate policy, and that's very positive. It's a strong indication that global central bankers will contain inflation and not necessarily choke off economic activity, which has been a big concern here.
Peter Cardillo
To top it off, the Bank is asking these countries to keep making non-refundable debt payments to the Bank instead of using the funds to fight poverty, HIV/AIDS, and now avian flu in Africa. We call on the US Executive Director and the World Bank's Board to do the right thing and scrap these delays when they meet on Thursday.
Neil Watkins
This means that these 18 countries should only be the beginning, ... The World Bank and IMF should extend debt cancellation to all poor countries if they are serious about poverty alleviation.
Neil Watkins
.We got to the point of identifying the value of the debt in 2003/2004, entered into four-way discussions - Ministry of Finance and Planning, Ministry of Justice, the university and the law school - to agree on the debt. The Ministry of Finance then proposed a payment plan to clear the debt and that's the plan we are working with.
Carol Palmer
Real-denominated debt rates are unlikely to fall until the central bank rates meetings in late January. As a result, you're going to see people selling some of dollars they bought in November and December to bet again on Brazilian debt.
Jose Roberto Carreira
When I was offered the position of finance minister I knew I was going to get hurt. We are now facing the smoke screens of populism sweeping over the state. When I took on the post, Israel was a few weeks away from total collapse like in Argentina, and the Central bank's governor warned that the bank was on the verge of a breakdown.
Benjamin Netanyahu
The IMF/World Bank must agree to full debt cancellation this weekend. But this will only be a first step towards our broader goal of expanding debt cancellation to all impoverished countries, without devastating economic conditions, in the months and years ahead.
Neil Watkins
Human rights and the rule of law are central components of our relationship with Iraq and are key areas for US involvement and support. These are allegations of abuses by Iraqis against Iraqi in Iraqi facilities ... we want to see them make progress and see them reach the standards that we hold other countries to. We're counting on the Iraqis to conduct a thorough investigation.
Justin Higgins
While it remains manageable, it can be argued that it is the rate at which debt levels are growing that may cause no further stimulus from the central bank.
Colen Garrow
Housing finance has bottomed out at a relatively high level after losing some altitude in the wake the central bank rate rise in early 2005.
Joseph Capurso
Given the recent Texas Supreme Court decision requiring a restructure of the state school finance system by June 2006, the legislature will meet in early January to accomplish this task. Why approve $44 million in new debt now, when a new finance system may fund proposed bond expenditures at the state level and existing debt could be impacted by more restrictive property tax limits? The debt portion of our school tax has increased by 82 percent in just six years and taxpayers are feeling exhausted.
Bill Zimmerman
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