It will not include arrears which already have a repayments plan or arrears of the self-employed.
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Mortgages In Arrears Drops 18.4% The number of mortgages in arrears fell for another month in April.
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EGPC will also repay nearly $3.6 billion of arrears to international oil firms and seek not to accumulate new arrears.
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Series 2010-0003 SWAN Trust had the lowest level of 30+ arrears, at 0.5%, and Series 2010-1 SWAN Trust had arrears of 1.0%.
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Series 2010-2 SWAN Trust had the lowest level of 30+ arrears, at 0.5%, and Series 2011-20103 SWAN Trust had arrears at 1.3%.
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A continued decline in shorter term arrears categories kept the total proportion in arrears for more than 90 days at an eight-year-low of 6% at the end of March.
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The volume of loans in arrears by between one and two months in June 2017 was 18bp, compared with 25bp a year ago, suggesting the pipeline of new arrears has also slowed significantly.
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|
S&P said it expected these factors would mainly affect the less-severe arrears categories and that borrowers who are deeper in arrears are more likely to struggle due to fewer refinancing options.
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Some data have, however, indicated mortgage arrears might be rising.
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Arrears passed £3.7bn before the agency was closed in 2012.
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Zimbabwe had been in continuous arrears since 2001, he added.
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It also wants to prevent wage arrears accumulating in future.
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While official unemployment is just 6%, wage arrears are up.
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Catholic Charities worked with other groups to cover his arrears.
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Tenants in arrears tempt eviction if they report housing problems.
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And they were two months in arrears with their rent.
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" Rothwell added that Shapes is also in "significant rent arrears.
|
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But none of the NATO allies are technically in arrears.
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CYBG's asset quality is healthy, with low level of arrears.
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|
In 2016, six nations had outstanding contribution arrears to ECOWAS.
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Those arrears are being paid off with surplus oil output.
|
|
The result is a mountain of bad debts and arrears.
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|
Arrears remain limited in both transactions, with the portion of loans in arrears by more than three months at 1.1% for Domos 2011-A and 0.3% for Domos B of the current portfolio balance.
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"It (Zimbabwe) is yet to reach agreement with the World Bank and other multilateral institutions on the settlement of arrears, and undertake reforms that would facilitate resolution of arrears with bilateral creditors," the IMF said.
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The arrears stood at $13 billion at the end of 2018.
|
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Venezuela recently paid arrears and is up to date, he added.
|
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None of the NATO allies are in arrears on their contributions.
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And the couple directs around $200 toward their arrears each month.
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None of the NATO allies are in arrears on these contributions.
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By this past summer, they were more than $11,000 in arrears.
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Kelly reportedly owes the company over $80,000 in arrears, the site reports.
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The company had unrecognised revenue arrears of $33 million at end-June.
|
|
Kelly reportedly owes the company over $143,000 in arrears, the site reported.
|
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The single biggest cause of these protests by far is wage arrears.
|
|
Selling such arrears will be done at discounts to the nominal value.
|
|
So why are older Americans deeper in arrears than they've ever been?
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Some capital controls remain in place, and the government has large arrears.
|
|
Those funds will be used to clear Somalia's arrears to the IMF.
|
|
Income from the commercial rights holder is paid a year in arrears.
|
|
This leads to falling prices, and higher levels of mortgages in arrears.
|
|
"I had known that above ground workers had wages in arrears, but it's also true that workers down shafts are also in arrears, and I spoke wrongly about that," Lu told state media, which did not mention the protests.
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|
Arrears on foreign debts had been paid, and confidence in the currency restored.
|
|
It is in arrears to the World Bank and the African Development Bank.
|
|
Where arrears are concerned, the DWP has limited powers to write off debt.
|
|
Thanks also to low unemployment, the share of mortgages in arrears is low.
|
|
Harvick, at one point, was four laps in arrears. Down. Out. Finished. Done.
|
|
Mr Lu then said he had been "misinformed" about Longmay's wage arrears problem.
|
|
The generators of that energy are then not paid or paid in arrears.
|
|
Zimbabwe cleared $107.9 million in arrears to the International Monetary Fund in October.
|
|
By March 2017, Ms. Valentín owed $4,398 in rent arrears and faced eviction.
|
|
In May, the organization used $1,000 from the fund to cover his arrears.
|
|
Roughly half of all bank loans are in arrears, Iran's Parliament has estimated.
|
|
The irony being when arrears start upticking, buyers start taking even more time.
|
|
Accounts in arrears over 720 days also declined a touch, to just under 30,000, but still represented 60 percent of homeowners who have missed three or more payments and at 2.6 billion euros, 90 percent of all arrears balances outstanding.
|
|
By the way, if you don&apost pay it, you should be in arrears.
|
|
The longer a bill remains in arrears, the less likely it will be repaid.
|
|
A further EUR1.7bn should be disbursed shortly, to be used for further arrears clearance.
|
|
Last year, record cane arrears forced the government to provide incentives for sugar exports.
|
|
Without new loans, Athens will be forced to go into arrears on domestic payments.
|
|
Going to the International Monetary Fund cannot happen until the arrears are cleared, however.
|
|
The ruling applies nationwide, blocking deductions where states remain in arrears with their employees.
|
|
Some 162 billion CFA Franc ($270m) of bills to government suppliers are in arrears.
|
|
"Outstanding arrears with the country amount to about $700 million," said CFO Massimo Monduzzi.
|
|
At end-June 963, 30+ days arrears were 1.5%, down from 1.55% in 20306Q2612.
|
|
"I'm currently at $680,000 worth of arrears, at 9% interest," said Dr. Carlos Rivera.
|
|
The family brings in $950 monthly, and currently has about $2,000 in rent arrears.
|
|
Arrears rates were stable qoq, and slightly lower than in the US cards portfolio.
|
|
Without new loans, Athens will be forced to go into arrears with domestic payments.
|
|
By the time it left, the United States had around $600 million in arrears.
|
|
As of end-September 2017, 30+ days arrears for Illawarra 2013-1, Illawarra IS and Illawarra 2017-1 were low at 0.18%, 0.10% and 05003%, respectively which is substantially lower than the 3Q17 Fitch Dinkum RMBS Index 30+ day arrears of 1.02%.
|
|
Given the BTL nature of the underlying pools, borrowers in arrears by more than three months are predominantly managed by Paragon via its receiver of rent policy, where the full rental stream is diverted to Paragon, as administrator, and used towards clearing arrears.
|
|
"The Zimbabwean government has yet to define the modalities and financing to clear arrears to the World Bank and other multilateral institutions, and to undertake reforms that would facilitate resolution of arrears with bilateral creditors," IMF said following its consultation last week.
|
|
The institutions' positive assessment of Greece's clearance of net arrears would pave the way for the ESM Board of Directors to approve the further release of EUR 1.7 bn, which will be disbursed to a dedicated account to be used for arrears clearance.
|
|
In ye olden days, people were routinely tossed into debtors' prisons for bills in arrears.
|
|
The government routinely runs up arrears, notably to public companies, as a form of financing.
|
|
Washington's arrears on its $80 million annual dues since then are now over $500 million.
|
|
Provisions dropped considerably after the utility hired an adviser to help it collect the arrears.
|
|
At the end of 2016, the state was reckoned to be almost €33bn in arrears.
|
|
The government cannot borrow heavily abroad due to arrears it built up with multilateral lenders.
|
|
Arrears were up 13 basis points year-on-year, though the deterioration dissipated in May.
|
|
Moreover, high household debt and low wage growth are starting to push up mortgage arrears.
|
|
The rate of arrears over 720 days was unchanged at 14.7 percent, the bank said.
|
|
Accounts in arrears over 720 days rose by 1.5% quarter-on-quarter to almost 28,000.
|
|
In 2016, Zimbabwe paid off 15 years' worth of arrears to the International Monetary Fund.
|
|
Lately it has been paying policemen, teachers and doctors in arrears—or not at all.
|
|
We help veterans handle financial problems like mortgage foreclosures, rent arrears and utility cut-offs.
|
|
El Molla did not provide further detail on why total arrears have risen since November.
|
|
Children's Aid also used $457 in Neediest Cases funds toward two months in rent arrears.
|
|
Late payments, when measured by loan balances in arrears, have fallen significantly in recent years.
|
|
The State Council, China's cabinet, says it wants to eliminate wage arrears by next year.
|
|
The Central Bank said the number of homes in arrears over 720 days declined by 2 percent quarter-on-quarter, while the proportion of those in arrears over 90 days fell for the ninth quarter in a row to 8.3 percent of all homes.
|
|
"I had known that aboveground workers had wages in arrears, but it's also true that workers down shafts are also in arrears, and I spoke wrongly about that," Mr. Lu said in follow-up comments on Sunday reported by a news website in Beijing.
|
|
But while the bank's gross loan book grew by 17% to 60.25 billion rand ($4.02 billion), its total arrears of up to three months had decreased by 11% by the end of Aug 2019 - one of its best performances on arrears to date, Fourie said.
|
|
Many companies' financial statements last year weren't great because they needed to pay income tax arrears.
|
|
Medallion Trust Series 2908-20500R's 2212+ days arrears stood at 00071000% as of end-October 775.
|
|
A payment scheme launched last year for the settlement of arrears would also help, it said.
|
|
It was also fined by the regulator for sending fake lawyers' letters to customers in arrears.
|
|
Tanesco's arrears do not mean that SonGas can refuse to pay for the gas it buys.
|
|
In 2016, Zimbabwe paid off 15 years' worth of arrears to the International Monetary Fund (IMF).
|
|
NAB's residential mortgage arrears have generally tracked in line with Fitch's Dinkum Index for prime RMBS.
|
|
A further build-up of arrears can occur given the financing constraints the government is confronting.
|
|
The average person leaves school $30,000 in arrears, while nearly 20 percent owe more than $100,103.
|
|
The average person leaves school $30,000 in arrears, while nearly 2500 percent owe more than $210,24.
|
|
Some 6.9 billion euros will be used to service debt and 0.8 billion to clear arrears.
|
|
The average person leaves school $30,24 in arrears, while nearly 2100 percent owe more than $2401,226.
|
|
Perhaps fitting its target customer, who themselves are sometime chasing payment, Dinghy also charges in arrears.
|
|
The average person leaves school $30,000 in arrears, while nearly 20 percent owe more than $100,000.
|
|
His rent had fallen into arrears, and he could no longer pay the family's utility bills.
|
|
Those that were 90 days or more in arrears dipped to 0.32 percent from 0.35 percent.
|
|
Government revenues were declining, payment arrears were building, and we had a large contingent financial risks.
|
|
Mytilineos has had to write off millions of euros for RTB Bor's payment arrears, the statement said.
|
|
PDVSA itself has more than $40 billion in outstanding debt, much of which is now in arrears.
|
|
For many of those who do still have jobs, wages are said to be months in arrears.
|
|
The arrears rate on the portfolio was also diminishing in line with that," he told CNBC's "Rundown.
|
|
Now that the government plans to write off many arrears, there is nothing those parents can do.
|
|
Molla said he hoped that the remaining arrears would be paid soon, but gave no specific time.
|
|
We expect the losses to continue increasing in 13Q17, reflecting rising arrears over the past nine months.
|
|
But Eyob said that over the past nine months the authorities had cleared three years of arrears.
|
|
Loans in arrears for more than 90 days increased to 2.95 percent from 2.08 percent in 2017.
|
|
The move will help boost ethanol output and enable the sugar industry make payment of cane arrears.
|
|
She said this would enable Zimbabwe "to start a serious dialogue" around the clearance of the arrears.
|
|
Industry officials say about 47 percent of the consumers that buy on credit are in debt arrears.
|
|
Furthermore, government arrears have accumulated due to the lack of financing options and the resulting liquidity crunch.
|
|
This month some farmers in Uttar Pradesh are burning their crops in protest at the mills' arrears.
|
|
We've explained this as mortgages in arrears were dropping, but I'll touch on this for new readers.
|
|
He quickly fell into rent arrears, relying for a time on the finite patience of his landlord.
|
|
Swiss Foreign Ministry spokesman Pierre-Alain Eltschinger said the U.S. was likely to be recorded as in arrears.
|
|
That would be roughly $214,2950 in arrears (Brown is current on his $215,2750 per month child support now).
|
|
According to the docs, the bill should have been paid by March 12, but Charlie remains in arrears.
|
|
Now many of those parents are to find out that the years of chasing arrears were in vain.
|
|
At end-March 2017, Series 2011-1 SWAN Trust had the highest level of 30+ arrears at 2.0%.
|
|
For the privilege, I'm told the startup charges an annual storage fee, which is taken monthly in arrears.
|
|
The IMF and the World Bank will not offer support unless Zimbabwe repays its arrears to multilateral creditors.
|
|
In 2Q17, 30+ days arrears rose to 5003% from 1.40% in 1Q17 to a record quarter-end level.
|
|
Lenders seemed to be assuming Britain's economy will remain healthy and low arrears rates will continue, it said.
|
|
Arrears of securitised Medallion transactions have generally tracked in-line or below Fitch's Dinkum Index for prime RMBS.
|
|
The IMF programme entails an audit of domestic arrears and subsequent adoption of a clearance schedule through 2020.
|
|
Greece needs the money to pay off growing state arrears, maturing ECB bonds and International Monetary Fund loans.
|
|
The limited arrears pipeline, combined with contained foreclosures, contributes to the Stable and Positive Outlooks across the series.
|
|
"It will offer banks the chance to confront the loans in arrears issue even more effectively," he said.
|
|
At 31 March 2016, Series 13-1 SWAN Trust had the highest level of 30+ arrears at 1.9%.
|
|
Bungled technical reforms have also delayed payments to struggling families, forcing thousands into unnecessary debt and rent arrears.
|
|
With no income, the Hunters immediately went into rent arrears, unable to pay for electricity, food and heating.
|
|
NATO has a relatively small budget based on contributions from members, and none of them are in arrears.
|
|
England's Tommy Fleetwood (also 67) and New Zealand's Danny Lee (68) tied for sixth another shot in arrears.
|
|
It includes forecasts for house prices, arrears and mortgage lending for 44 countries, and compares trends between countries.
|
|
Six transactions had 20173+ days arrears above Fitch's 30+ days Dinkum Index (3Q17: 1.02%) at end-September 2017.
|
|
If Ms. Osorio makes three trial payments on time, her arrears will be folded into a new loan.
|
|
It doesn't mean you won't, but as buyers take their time, your chances of falling into arrears increases.
|
|
Fitch's Dinkum RMBS Index tracks the arrears and performance of the mortgages underlying Australian residential mortgage-backed securities (RMBS).
|
|
We estimate that the government has sufficient buffers (including possible new arrears build-up) to fund itself into 2Q17.
|
|
Paswan said cane arrears have dropped to 27 billion rupees ($396.6 million) from 210 billion rupees in April 2015.
|
|
By 1995, Alwaleed and other investors took over the mortgage, which was in arrears due to missed interest payments.
|
|
Chinamasa said he was seeking clear commitments from the IMF that clearing the arrears would trigger new financial aid.
|
|
Once the arrears are cleared, the IMF's executive board would need to approve the normalisation of relations with Zimbabwe.
|
|
The firm met estimates on quarterly net income, but reported a rise in loan arrears and loan loss provisions.
|
|
Athens will use 5.6 billion euros of the amount to pay debts and 1.8 billion euros for state arrears.
|
|
Mortgage arrears leapt 18 percent from a year ago to A$4.77 billion, representing 0.79 percent of total loans.
|
|
Despite missing the consensus estimate of 5.837 billion reais, Itaú said fewer corporate loans fell into arrears last quarter.
|
|
It analyzed the student debt portfolio of 91,000 borrowers who have requested rates to refinance their graduate school arrears.
|
|
Late-stage arrears are 1.6% for both transactions, almost unchanged from 1.2% (VM2) and 1.5% (VM1) a year ago.
|
|
Argentina have 22 points, one fewer than Chile, two behind Colombia and eight in arrears to group leaders Brazil.
|
|
However, some 30% of restructured loans since January 2014 were in arrears (including of short duration) by end-2015.
|
|
"Increasing our revenue is a very important benchmark for the road map to clear the (debt) arrears," said Beileh.
|
|
A payment of rental arrears spares someone who fell behind as a result of medical bills from getting evicted.
|
|
Some 292 million people are in arrears to the state, with delinquent tax debts of around 264 billion euros.
|
|
By October, Ms. Santana had again fallen behind on the rent, accruing almost $1,652 in arrears and late fees.
|
|
Schlumberger announced last year that it would reduce its presence in Venezuela because PDVSA was $8003 billion in arrears.
|
|
The installment in arrears totaled 800 million reais, and another 1 billion reais is coming due in coming months.
|
|
Mortgages in arrears, which are those with late payments in excess of 90 days, have dropped across the province.
|
|
While emerging markets offer rapid growth, Egypt, for instance, piled up payment arrears of half a billion dollars last year.
|
|
The level of arrears in 4Q963 reflected strong house price growth, low unemployment, low standard variable rates and low inflation.
|
|
Pent-up investment demand, a declining unemployment rate and continued clearance of government arrears are set to support domestic demand.
|
|
Some operate on a contingency-fee basis: their sole remuneration comes from pocketing a percentage of any arrears they recover.
|
|
Cash coverage of these loans, in arrears for more than 90 days, improved by two percentage points to 69.5 percent.
|
|
FOREIGN OIL COMPANIES ARREARS DOWN TO $900 MILLION AT END OF JUNE FROM $1.2 BILLION A YEAR AGO - PETROLEUM MINISTER
|
|
"Interest-rate and tax cuts will assist with debt serviceability, aided by the historical seasonality of arrears," the agency said.
|
|
Fears are growing that job losses in Alberta may lead to higher arrears and defaults on credit cards and mortgages.
|
|
The increase in losses is a reflection of persistently high arrears, according to Fitch Ratings' latest Australian Dinkum ABS Index.
|
|
The authorities have announced that they intend to request IMF financing after arrears to all international financial institutions are cleared.
|
|
Corporates struggled to pay their loans and the rise in NPLs could also be a sign of increasing government arrears.
|
|
Caixa also said its loans in arrears more than 90 days reached 2.5%, down 0.4 percentage point in 12 months.
|
|
This new financial demand, in addition to her medication costs, led to dwindling savings and put her rent into arrears.
|
|
In August 843, a retired woman with $10,000 in arrears and credit card debt came to Ms. Davis for guidance.
|
|
In May, Catholic Charities got the city to help settle the Childs family's arrears with a lump sum of $12,083.46.
|
|
The central bank added that the decline in the numbers in deep arrears of two years or more decreased marginally.
|
|
The country owes foreign lenders more than $9 billion, most of it arrears, and does not qualify for new funding.
|
|
An upgrade is not anticipated in the near term, in view of the arrears risks implicit within PFG's business model.
|
|
Blitzer estimates that interest arrears on North Korean debt amount to around 4-5 times the outstanding $1 billion principal.
|
|
Both consumer and corporate loans in arrears rose above expectations, with early default indicators pointing to further deterioration in the future.
|
|
Pakistan's power sector arrears, also known as "circular debt", stood at more than 1.4 trillion rupees ($10.10 billion), Khan told Reuters.
|
|
The accumulation of previously undisclosed arrears by several ministries has shed light on underlying shortcomings in the management of public finances.
|
|
To end mounting arrears, the U.S. announced last year that it would withdraw from UNESCO altogether at the end of 2018.
|
|
President Juan Péron had died the year before, the national economy was in arrears, and a military coup d'état was imminent.
|
|
"One year from now, our wish and our hope and prayer is that we would have cleared our arrears," he said.
|
|
"(We) see it as more likely that the adjustment variables will be international reserves and accumulation of arrears," the bank said.
|
|
Ambassador Catriona Laing said an International Monetary Fund (IMF) program would help Britain's former colony expedite the clearance of its arrears.
|
|
The debt statistics include domestic arrears to suppliers (4% of GDP) and direct statutory advances from BEAC of 1.3% of GDP.
|
|
However, UNESCO Director General Irina Bokova said that the immediate repayment of arrears by the United States was not an issue.
|
|
However, the arrears rate in legacy mortgage pools remains high in Italy, Portugal and Spain, and is still rising in Greece.
|
|
Dutch arrears remain exceptionally low due to supportive fundamentals but also servicing innovations to detect and remedy borrower distress more quickly.
|
|
There is something tragicomic, throughout "John Aubrey: My Own Life," in watching him elude arrest, again and again, for his arrears.
|
|
He said about 80 percent of arrears to international oil companies had been paid, but did not specify the amount left.
|
|
A further 800 million euros may be paid out in September, subject to the Greek government paying arrears, the ESM added.
|
|
To kick-start growth, Mnangagwa will need to clear $2200 billion of arrears with multilateral lenders such as the World Bank.
|
|
That could mean a restructuring of debt arrears and a potential flood of investment into one of Africa's most promising economies.
|
|
But with depressed prices and a bloated public payroll, it is now five months in payment arrears and deeply in debt.
|
|
" Officials at Public Service Electric and Gas Company said in a statement that Ms. Daniels's customer account was "severely in arrears.
|
|
But the IMF cannot lend to Zimbabwe until it clears its arrears to other international institutions, such as the World Bank.
|
|
Still, early default ratios, or loans in arrears between 15 days and 90 days, rose slightly for consumers and companies alike.
|
|
"Summing up, housing arrears have risen but by no means to a level that poses a risk to financial stability," said Kearns.
|
|
Houses that have sat for long enough to become blighted are often saddled with significant tax arrears, reducing their appeal to investors.
|
|
Novated contracts contributed to the relatively low arrears levels on prior SMART transactions and make up 38.1% of the current transaction pool.
|
|
There has also been a rise in public arrears to construction firms, which has led them to cut staff and withhold salaries.
|
|
Still, loans in arrears for at least 90 days at Banco do Brasil rose the most since 2009 during the second quarter.
|
|
Novated contracts contributed to the relatively low arrears levels on prior SMART transactions and make up 50.5% of the current transaction pool.
|
|
Provisioning increased the coverage ratio of loans in arrears for more than 90 days to 66 percent from 65 percent in December.
|
|
Loans in arrears for more than 90 days stood at 2.9% of its portfolio in June, down 0.1 percentage point from March.
|
|
These account for under 3% of all loans, but over a quarter of those in arrears, reckons Ashish Gupta of Credit Suisse.
|
|
But fertilizer importers said that almost half of the amount would be spent on settling arrears accumulated from 2016-17, necessitating savings.
|
|
Loans in arrears for 90 days or more, a benchmark for defaults, unexpectedly rose to 5.5 percent of outstanding credit last quarter.
|
|
Similarly, examiners observed advisers that billed advisory fees in advance, despite the advisory agreement specifying that clients would be billed in arrears.
|
|
However, those homeowners represented 90 percent of the total 2.7 billion euros owed in arrears, an average of 76,500 euros per borrower.
|
|
The late-stage arrears in DMPL XI and SGML II have followed the index trend and decreased by 18bp and 41bp, respectively.
|
|
Capitec, in response, said arrears figures it had reported on its loans were accurate and that provisions raised against loans were conservative.
|
|
A primary surplus in 2016 kept central government debt stable while enabling the government to cure arrears and rebuild its cash position.
|
|
The official stock of domestic arrears to suppliers was CFA201bn (11033% of GDP) at February 2016, despite some net repayments in 2015.
|
|
Significant arrears are a feature of IPF's business model, with the group maintaining a target impairment-to-revenue ratio of 25%-30%.
|
|
Five months of arrears are owed to former militants, as well as education fees for students in Nigeria and overseas, it said.
|
|
Asset quality remains healthy, with low levels of arrears and average indexed loan-to-values (LTVs) and strong diversification by individual borrower.
|
|
The current scheme concerns only payments of already assessed tax obligations that are in arrears, which amount to a whopping €22017bn ($212bn).
|
|
The Fitch Non-Conforming Index measured loans that are three months or more in arrears at around 9%, as of end-2016.
|
|
The seamstress, who is expecting arrears of up to 5,000 rupees, strains to listen over the slow whirring of the ceiling fan.
|
|
Loans in arrears for 90 days or more, a benchmark for defaults, jumped to 5.4 percent of outstanding credit from 4.6 percent.
|
|
At the same time, the risk of public sector arrears building up has increased and could also lead to banking sector strains.
|
|
Stevie's required to turn himself in by April 10th for falling in arrears ... this after pleading guilty to failure to pay support.
|
|
Both transactions define defaults as loans in arrears by more than 10 months, or those declared due and payable by the servicer.
|
|
Currently Comoros, Guinea Bissau, Sao Tome and Principe and Somalia are significantly in arrears but have been allowed to retain their vote.
|
|
In 2013, city records show that a lien was removed from the apartment after Mr. Brassner paid $21,668 in arrears and fees.
|
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And he's -- STEVE BANNON: And says, like a landlord, Hey, if you don't make the 2 percent, you've got to pay arrears.
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The IMF also said Zimbabwe should not seek to clear its $20183 billion foreign arrears through agreements that would worsen its debt situation.
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The bank said the media had misrepresented the document because it showed not only salary payments but also pension amounts and other arrears.
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The tax authorities have registered arrears of 74 billion Danish crowns as of the end of 2015, partly due to the tax scandals.
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O) has already been ordered to pay back arrears of up to 93 billion euros ($15.3 billion) to Ireland, coffee chain Starbucks (SBUX.
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The euro zone's bailout fund, the European Stability Mechanism (ESM), authorised the new payment which will be used for the clearance of arrears.
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Loans in arrears totaled the equivalent of 0.23 percent of BNDES's loan book at the end of March, according to a Friday statement.
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The government also paid off the arrears that regional governments had run up with their suppliers, which added up to 503% of GDP.
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If mini-BOTs' sole purpose were to pay off arrears, investors would worry that the true intention was to leave the euro overnight.
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It is getting easier for claimants to have their money paid directly to landlords, so that they do not fall into rent arrears.
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It has yet to collect on a loan that has fallen into arrears, nor has it taken a property through the foreclosure process.
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Late on Monday, the labor ministry submitted to parliament a bill providing relief to millions of people owing tax and pension contribution arrears.
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EGYPT WILL FULLY ELIMINATE ARREARS OF EGYPTIAN GENERAL PETROLEUM COMPANY BY END JUNE 2019, FROM $1.043 BLN AT END 2018 LETTER TO IMF
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Impairments increased from higher underlying arrears, and from a one-off charge related to a lower quality portfolio sale completed earlier this year.
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Eastern Company expects $105 million in total arrears dating back to July 2016 to paid back this month, chairman Mohamed Haroun told Reuters.
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In its July 13 ruling, the court asked manufacturers to immediately pay the revised wage as well as arrears backdated to December 2014.
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Longmay, he clarified, had not only failed to pay workers, but was also in arrears on its taxes and contributions to social welfare.
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But the process is slowing down, partly because the remaining mortgages are in long-term arrears, which are the hardest to deal with.
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After a few investments went bad, he found himself 21670m yuan ($20143m) in arrears to his creditors, many of whom were former friends.
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And the financing assurances would involve contributions from all multilateral and bilateral creditors in support of Zimbabwe's economic programme after the arrears clearance.
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Later on Thursday, Labour Minister Yannis Vroutsis issued a statement denying that there was a plan to sell arrears worth 12 billion euros.
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As of January 2017, PSF1's late stage arrears were reported at 9.3% (-1.2pp yoy), 90bps above the Fitch UK Non-Conforming Index.
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For customers with poor credit, the utility has a policy of disconnecting service within a couple months if the arrears grow beyond $200.
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Fitch estimates that the government has sufficient buffers (cash, repos and possible arrears build up) to last into May without further ESM disbursement.
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He will move on to stage 13 with a four minute seven seconds lead over Roglic with Conti another 44 seconds in arrears.
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Its $913 billion arrears to the World Bank, African Development Bank and European Investment Bank prevent access to new funds from multilateral lenders.
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In exchange for a commitment to improve conditions and management, the developers will not have to pay arrears and will get tax exemptions.
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The central bank added that the decline in the numbers in deep arrears of two years or more had slowed in recent quarters.
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In April, the agency used $3,925 from the fund to cover $900 for one month's rent and help pay off her rent arrears.
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More often, company executives said, it may step in to help settle arrears and to initiate a more orderly sale — at a price.
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Arrears in tax payments at the end of September were at 92.8 billion euros and keep increasing by about 1 billion each month.
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Royalties, paid a quarter in arrears, grew 15 percent, outstripping a 3 percent drop in global semiconductor sales, the company said on Wednesday.
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In fact, 9 out of the top 10 robocallers in June were calling about people's arrears, according to YouMail, a robocall blocking service.
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The euro zone bailout fund, the European Stability Mechanism (ESM), authorised the new payment which will be used for the clearance of arrears.
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Impaired loans coverage ratios are weak but strengthened to 15.2% of total loans at end-2015, from 13.2% in 2009, as only the overdue portion of loans is covered by a provision for loans in arrears of less than two years (and there is an additional provision covering 25% of the outstanding loan for loans in arrears for more than two years).
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Fathers earning less than $20,000 per year comprise the overwhelming majority of those in arrears on child support -- they're not deadbeats, they're dead broke.
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Whereas if you were at a major label, you might be entitled to 230 percent, which you won't get, because you are in arrears.
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Many land banks are able to short-circuit this process, clearing arrears before addressing regulatory violations to make the property appealing to new buyers.
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Meanwhile, sanctions mean Sudan is mostly ineligible for relief on its $48.2bn debt, 86% of which was in arrears at the end of 2015.
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Half of cases for today's children have arrears, and only half the money that is supposed to be deducted at source is actually collected.
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Delinquencies are at low levels as accounts in arrears for more than 30 days were 0.6% of the portfolio as of end-October 2016.
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The funds raised would "replace liabilities from judicial decisions that are in arrears and delays in obligations to the health system," the document said.
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The government inherited undisclosed debt arrears of $1.6 billion and a 2016 budget deficit of 8.7 percent of gross domestic product on cash basis.
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In a trice, he was three set points in arrears, and Nadal bashed a fierce, fizzing serve wide to storm into the final stanza.
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It also committed to fully eliminating arrears held by the state-owned Egyptian General Petroleum Company (EGPC) by the end of June this year.
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The International Monetary Fund estimated that in the 2015/16 financial year, Juba accumulated $291 million in payment arrears related to the 2012 deal.
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Mthuli Ncube told reporters that clearing $1.8 billion in arrears to the African Development Bank and World Bank was important to Zimbabwe' economic recovery.
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About 2721 billion euros' worth are more than two years past due, of which 53 billion euro are more than five years in arrears.
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PPC is saddled with more than 2.4 billion euros of arrears from bills left unpaid during the country's debt crisis, which began in 2009.
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Three days after the protest in Shuangyashan, an almost equally large one began at Tonghua Steel in neighbouring Jilin province, also over wage arrears.
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The Egyptian government had told the International Monetary Fund in a letter in January it intended to "eliminate" arrears by the end of June.
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Chinamasa said he planned to clear $1.8 billion in arrears to the African Development Bank, World Bank and European Investment Bank in early 2017.
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Cops fed up with being paid in arrears greet arrivals at Rio's international airport with a banner in English that reads: "Welcome to Hell".
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The arrears represent social security payments for staff owed to pension funds by private companies in Greece, partly because of the country's debt crisis.
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Cutting unnecessary spending will be key to helping the country clear more than $2 billion in arrears to creditors — a precondition to IMF support.
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Most demonstrations have refrained from political attacks and focused on grievances such as wage arrears, unpaid benefits like pension contributions and unsafe working conditions.
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President Emmerson Mnangagwa, who came to power after a coup toppled Robert Mugabe in November 2017, has made clearing foreign arrears a top priority.
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The administration, which has repeatedly criticized United Nations agencies over the past months, cited anti-Israel bias and mounting arrears to explain the decision.
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This month, the council allocated an additional $800 in Neediest Cases funds for Ms. Helfer's Con Ed bill arrears to keep her service going.
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Chiu Wu Hong, head of tax at KPMG in Singapore, cited an Asian Development Bank study that found higher tax arrears in developing economies.
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In March last year, China Exim Bank threatened that Chinese contractors would suspend work on infrastructure projects in Zambia if arrears were not paid.
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The release of funds was subject to a positive assessment by the European institutions of the clearance of net arrears by the Greek government.
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World Bank staff expect to present the operation for clearing the arrears to the International Development Association (IDA) by the end of February 2020.
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Fieldbridge countered that the eviction proceeding had gone on long enough and that Taylor now owed $58,445 in arrears billed at the legal maximum.
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Aviation staff have launched an indefinite strike targeting Arik Airlines, Nigeria's largest carrier, amid a dispute over salary arrears and contracts, three trade unions said.
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The arrears rate in Australia was also much lower than in many other developed nations, including the United States, the UK, Germany, France and Spain.
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PPC's Chief Executive Emmanuel Panagiotakis said bills in arrears was an issue of "strategic importance" which if not addressed would affect the company's investment plan.
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Under EU rules, commercial arrears are not counted as public debt, which currently stands at around 130 percent of the size of the country's economy.
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The IMF has told Zimbabwe not to clear its $1.75 billion foreign arrears by borrowing from other lenders as it would add to the debt.
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The Fund is analyzing the exact grants needed from members to address Somalia's debt arrears ahead of a board meeting in mid-November, Beileh said.
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Its euro zone lenders approved 8.5 billion euros ($9.70 billion) in bailout loans which Greece needs to pay bonds maturing in July and state arrears.
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In a statement sent to Reuters, the Moscow city property department said it had sent written warnings to Amnesty that it was in rent arrears.
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The government is continuing to accumulate arrears and we believe this reflects growing financing and liquidity constraints as a result of the oil revenue shortfall.
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Once its multilateral arrears are cleared, bilateral debt would be next on the agenda, said Mlambo, which could happen by the end of the year.
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"Over half of the cases progressing to long-term arrears are classified as involving the potential for loss of ownership outcomes," the research paper said.
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Arrears to foreign oil companies accumulated after the 2011 uprising that toppled President Hosni Mubarak and reached $303 billion in the 2011/2012 fiscal year.
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Shoprite confirmed to Reuters it wants to take Nakumatt's lease in one prime shopping mall after it was kicked out last month over rent arrears.
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The letter followed a pull-out by some prominent athletes and protests by police in Rio de Janeiro, who said their pay was in arrears.
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Loans in arrears for 90 days or more, a benchmark for delinquencies, rose slightly to 3.3 percent of credit, below the poll's 3.5 percent estimate.
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It was further censured for sending fake lawyers' letters to customers in arrears — and had to pay out a further £2.6M in compensation for that.
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Captain Ali Osman, a military official told Reuters, that the soldiers were protesting to remind the president of his campaign promise to pay all arrears.
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Western governments and bodies such as the IMF will not lend unless Zimbabwe clears its arrears with the World Bank and the African Development Bank.
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The proportion of homeowners in arrears for more than three months remained at an eight-year-low of 6% again at the end of June.
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The country is also in arrears to five official non-Paris Club creditors, owing Libya, Iraq, Angola, Poland and Bulgaria a total of $94 million.
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He also disputed the results of an audit that found that he had been underpaying rent, with arrears and late charges totaling about $3113 million.
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At the meeting, the ESM should also decide on the disbursement of the remaining 1.7 billion euros after data on arrears is available, Dijsselbloem said.
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Both say they intend to pay most of their dues, but even if they do, arrears remain from past years and spill into future budgets.
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Medallion Trust Series 2013-2 showed the highest level of arrears, at 1.67%, while Medallion Trust Series 2017-233P recorded the lowest level, at 0.11%.
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Bundy's father, Cliven, was more than a million dollars in arrears before action was taken against him, last year, resulting in the first Bundy standoff.
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If you can sell your home before you fall into arrears, you walk away with a wad of cash instead of becoming a negative statistic.
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The 90-day default ratio unexpectedly hit 4.1 percent last quarter - the highest in at least eight years - as two large corporate borrowers fell in arrears.
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The company said the pay-slips were for the last month of the Iranian calendar year and therefore were unusually large, including arrears, loans and bonuses.
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Prosecutors allege, however, that he continued to run his loan-sharking operation from behind bars, instructing his associates to beat up borrowers who were in arrears.
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Now, a legal process is underway to recover 20 years of rent arrears for illegal use of the land from 80 politicians and landlords, he added.
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The country cleared its 15-year-old financial arrears to the IMF in 2016 but still owes money to the World Bank and African Development Bank.
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Fleet was unable to provide performance data due to its short operating history and its servicing platform having no experience of a loan falling into arrears.
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It would unlock the next tranche of funds that Athens needs to pay back International Monetary Fund loans, state arrears and ECB bonds maturing in July.
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Of the 2500 billion euros of Irish residential mortgages now outstanding, 22009 billion euros are deemed non-perfoming, or in arrears of more than 22 days.
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Arrears to suppliers were estimated at XAF13 billion in February 2016 (2.4% of GDP) and probably increased further during the year, before declining in early 2017.
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The central bank said it would improve its checks on reserves to prevent payment arrears - or the daily average level falling short of the official requirement.
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The IMF said the board approved waivers for Ukraine's non-observance of performance criteria related to net international reserves, external payments arrears and new exchange restrictions.
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Only then would it come up with a timeline to pay the arrears, he said, adding that he would launch an economic stabilization program next month.
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"The foreign companies' arrears dropped at end of June to $900 million, down from $1.2 billion a year earlier," Petroleum Minister Tarek el-Molla told Reuters.
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"There is a strategy to sell arrears the state social security system has not managed to recover in past years," one of the government officials said.
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Instead, the government will look into selling the arrears to private investors for a cash down payment and agree a profit sharing scheme from any recoveries.
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Some 740 billion naira of pension and salary arrears and 1.93 trillion naira of other obligations are also outstanding, including to federal government contractors and suppliers.
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Arrears were assisted by retail petrol and diesel fuel prices declines of 22% and 03043% in the year to December 20304, which helped alleviate spending pressures.
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It called for additional efforts to address revenue shortfalls and full enforcement of expenditure control measures to contain spending and prevent the recurrence of domestic arrears.
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But, he said, the soldiers had been told they would be paid two months in arrears, and according to Reuters witnesses, the demonstration ended within hours.
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Egypt paid about $2.2 billion in arrears owed to foreign oil companies in the second half of 2016-2017, which helped attract investors to the sector.
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According to Mr. O'Donnell, the original properties were in arrears and offered as part of a "Request for Proposal," in which municipalities solicit bids for redevelopment.
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She fell into arrears on the storage space where she kept nearly four tons of photographic material, and a handful of aficionados and speculators swept in.
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Loans in arrears for 90 days or more, a benchmark for delinquencies, remained unchanged at 5.7 percent of outstanding non-earmarked loans, the central bank said.
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The court ruling means companies have to pay not only higher fees to the government, but also clear $13 billion in arrears, penalty and interest payments.
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The proportion of homeowners in arrears for more than three months fell to a nine-year-low of 5.9% from 6% at the end of June.
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Officials have not disclosed how much outstanding debt remains to be paid; some bankers estimate that around 70 percent of all the goverment's arrears have been settled.
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Haislmaier also said the rule could include a requirement that people whose insurance premiums are in arrears settle those debts before signing up for a new plan.
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Napoli appeared to relax and Guedes collected a misplaced pass in midfield, ran on and scored past Pepe Reina to reduce the arrears in the 71st minute.
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Arrears repayment also supports private consumption, contributing to our forecast of a moderate pick-up in GDP later this year, followed by growth of 1.8% in 2017.
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These include the above-mentioned pool parameters and yield support levels - along with, but not limited to, performance-based arrears, loss and charge-off stop-origination triggers.
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Despite seizing Kirkuk's oilfields and exporting at least 300,000 barrels they produce per day via Turkey, Mr Barzani's government slashed salaries and is many months in arrears.
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Strong Performance: There have been minimal losses and arrears, with 30+ day delinquencies at 1.41% at end-October 2017 and net losses at 0.04% of total collateral.
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New claimants, indeed, appear to have become more likely to fall into arrears on their rent, as they run out of money before the month is over.
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High underemployment appears to be creating stress for some mortgage borrowers - arrears have risen over the last year, albeit to a still-low 5003% of total mortgages.
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The current system allows VAT to be paid in arrears by importers, allowing them to sell on the goods in Britain before they have to pay tax.
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Zimbabwe has not been able to borrow from international lenders since 1999 when it started defaulting on its debt, and has $1.75 billion rand in foreign arrears.
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Sudan has been collecting some of those fees via an oil-for-cash arrangement, in which Khartoum takes cargoes of South Sudanese crude, but arrears are substantial.
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Debt defaults, defined by three months of arrears, rose 1.8 percent year-on-year during the quarter, after shrinking 5.3 percent in the fourth quarter of 2015.
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ABUJA (Reuters) - Aviation staff have launched an indefinite strike targeting Arik Airlines, Nigeria's largest carrier, amid a dispute over salary arrears and contracts, three trade unions said.
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The levels of repossessions and rent in arrears stabilised and are declining, albeit the levels are still high and may affect the sustinablity of revenues going forward.
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By 1936, Curtiss-Wright was more than a half- million dollar in arrears on its property taxes on this one site, and soon liquidated its airport subsidiary.
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When Ms. Rivera was facing eviction from her apartment, the community center used $3,925 from The Neediest Cases Fund to pay her rent and months of arrears.
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The release of the remaining 1.7 billion euros will depend on data on arrears payments for September that the Greek authorities are in the process of collecting.
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Speaking by phone from Omaha, where he now lives, Mr. Dagan said Mr. Jackson occupied a one-bedroom apartment and was at least six months in arrears.
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Next, Somali authorities must either clear their arrears to multilateral creditors or agree a strategy to clear them, and finalize an agreement on reforms it will implement.
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The president's assertions that NATO members owe the United States money and are in arrears to the alliance are false, according to a detailed analysis by Politifact.
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Same Level As January 1990, Right Before They Started Soaring The number of mortgages in arrears matches the lowest number in the province's 27 years of data.
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HARARE (Reuters) - Britain will support Zimbabwe to get on to an interim IMF staff program to help the country quickly clear its foreign arrears, Britain's ambassador in Harare said on Tuesday, Clearing the $1.8 billion in arrears to the World Bank and African Development Bank is seen as a major step for Zimbabwe to start accessing foreign credit, especially for the private sector as well as foreign direct investment.
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Buoyed by his viral videos, and despite four marriages and allegations of child-support arrears, he campaigned in his cowboy hat and is now a United States congressman.
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Excess Spread: Once 30+ day arrears, averaged over the previous three-month period, exceed 3.5%, half of the available excess will be allocated to the excess spread reserve.
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KEY RATING DRIVERS TOGETHER - IDRS AND SENIOR DEBT The ratings reflect Together's concentration of activities within UK specialist mortgage lending, with associated higher arrears relative to mainstream lenders.
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On May 28th the lower house of parliament passed a non-binding motion calling on the government to bring down arrears, and to study mini-BOTs in detail.
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But a series of administrative failures, a senseless decision to make payments well in arrears and a squeeze on the system's overall generosity have left many claimants angry.
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The four banks reported higher defaults in the June quarter with loans more than 90 days in arrears inching higher, largely led by mining- and dairy-related debts.
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Total arrears have reduced by 1.84 percentage points in DMPL X, suggesting that although late-stage delinquencies may be worsening, the pool performance as a whole is not.
|
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Future Developments That May, Individually or Collectively, Lead to Negative Rating Action - An increase in rent arrears, tenant defaults, resulting in EBITDA net interest cover falling below 0003x.
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Chiwenga, the retired army general who led a de facto military coup against Mugabe in November, said ZINA had rejected a $17 million offer to clear wage arrears.
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Tehran said in December that Turkmenistan had threatened to stop gas exports because of arrears, which amounted to about $1.8 billion and dated back more than a decade.
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LONDON (Reuters) - Sudan's president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in arrears with the IMF.
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Significant arrears and high non-performing loans are a feature of IPF's business model, which are currently compensated with the high prices IPF charges for its lending products.
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Its data show that in December and January, there were 774 labor strikes across China, from 529 in the previous two months, most of them over wage arrears.
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Iraq also told the IMF it was committed to "a gradual elimination of the existing stock of outstanding arrears" to international oil companies by the end of 2016.
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However, both the League and its government partner the 5-Star Movement, hit back, accusing Tria's ministry of doing nothing to resolve the problem of unpaid state arrears.
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In short, irrespective of the calendar for the clearance of arrears, the economy needs immediate reforms to address the vulnerabilities that have come to the fore since May.
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The agency's most recent study found that taxpayers were $85033 billion in annual arrears, which is a dollar figure approximately equal to the federal government's annual budget deficit.
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Additional triggers of average 60+ day arrears not less than 4% and the payment date being prior to the call date apply to the unrated class E notes.
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Zebari said the standby loan was conditional on cutting Iraq's budget deficit and other measures like reducing the billions of dollars in arrears owed to foreign oil companies.
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Since the court previously ordered Naftogaz to pay Gazprom for gas supply arrears, the net payment Gazprom will have to make to Ukraine is $2.56 billion, Osmolovska said.
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After the IMF's final review early next year, "the idea... would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," Ncube said.
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And even those that don't get fired may wind up in arrears of their company "draws" or the ability to borrow money against their future commissions, Mansuri fears.
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They have also turned into a paid vacation for the federal workers who do not have to come to work — even if the payment is always in arrears.
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If you don't sign up for insurance, the government can impose penalties of 30 to 50 percent above the premium and garnish your paycheck to cover any arrears.
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Combined with a supportive economic environment and rising house prices, this has helped banks implement long-term restructuring plans for borrowers in arrears, which are high, but declining.
|
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Ukraine's loan deal with the IMF has not been endangered as the lender has changed its rules to allow funding to governments that are in arrears on bilateral debt.
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The southern African nation owes $8.8 billion to foreign lenders, $2.6 billion of that in arrears to the World Bank, the African Development Bank and the European Investment Bank.
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The burden of arrears for PPC is now "so big that some worry it will not be able to lift it for much longer", said energy expert Constantinos Filis.
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The share of mortgage loans that were more than 20093 days in arrears increased to close to 22009 percent in September 22016, up from 22018 percent a year ago.
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If concluded the review will unlock a new tranche of about 5 billion euros ($5.7 billion), which Athens needs to pay state arrears and ECB and IMF maturing debt.
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Although that is down from a peak of 12.9 percent in 2013, the proportion in arrears fell only slightly in the second quarter from the first quarter's 7.2 percent.
|
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A group of 19 landlords who have rented out space to Nakumatt outlets have sued the company over rent arrears of 13 million shillings, the Business Daily newspaper reported.
|
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Mthuli Ncube did not spell out how he would speed the clearance of $1.8 billion in arrears - but said it would be a vital step in rebuilding investors' confidence.
|
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The proportion of residential investment property loans in arrears over 90 days also rose to 14.6% from 13.9%, the first increase since 2014 when the total peaked at 22.1%.
|
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From coalminers in the snowy north-east to factory staff in the steamy Pearl River Delta, workers have agitated against low pay, wage arrears, unsafe conditions and job losses.
|
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A landmark 2016 court ruling declared that garment workers should receive a pay rise of up to 30 percent and that they could claim arrears going back to 2014.
|
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Fitch's fifth annual Global Housing and Mortgage Outlook includes forecasts for house prices, arrears, and mortgage lending for 22 countries around the world and compares these trends between countries.
|
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Over 70 percent of side hustlers are working to pay off debt, and more than 15 percent of them are more than $50,000 in arrears, excluding mortgages, Betterment found.
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Of the 2.8 billion euro tranche, 1.1 billion euros is to be used for debt servicing and 1.7 billion euros will go to a dedicated account for clearing arrears.
|
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Likewise, early default ratios, or loans in arrears between 15 days and 90 days, rose slightly for consumers as some unsecured lending went through a significant deterioration last month.
|
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Payments spiked to 75 million shekels ($21.15 million) in May 2019, which a ministry spokesman attributed to arrears payments and a bonus for the Muslim holy month of Ramadan.
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The overall debt arrears of Croatia's health system, which includes the state agency for health insurance and other medical institutions, are estimated at around one billion euros ($1.13 billion).
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And, not least, he was lauded for persuading Washington to unblock arrears that had been withheld because of the profound misgivings about the United Nations voiced by American conservatives.
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An individual can buy a permit only after they are no longer in arrears on payments and the Office of Recovery Services notes the payment, the proposed legislation says.
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Traders told Reuters last week that Egypt's state oil buyer EGPC had been forced to rapidly increase its tenders despite the dollar shortage and growing arrears to oil producers.
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Fortunately, in June, she successfully applied for disability and Social Security benefits, which included enough money to pay off her rental arrears, as well as mounting credit card debt.
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"I look around me, and to me Cambodia does not look like a country that should be in arrears," the American ambassador, William Heidt, told local journalists in February.
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It added that the government's efforts to clear domestic and external arrears was also slower than expected, and many important structural reforms had been delayed or not implemented as planned.
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Slumping activity and fallout from a sweeping corruption probe into state companies are driving a record number of companies and households into arrears or insolvency in Latin America's largest economy.
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The data, though two months in arrears, is considered a critical indicator for traders and analysts who are trying to understand when a long-running shale boom will lose momentum.
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To improve internal processes, JetSmarter recently transitioned to an industry standard payroll practices of one-week in arrears – employees are paid one week after the pay period ends (not 3).
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Early default ratios, or loans in arrears between 15 days and 90 days, fell slightly individual borrowers but soared for companies, indicating that future delinquencies may be on the rise.
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Fears of a wave of defaulting customers have not materialised: in the owner-occupied and buy-to-let sectors the share of mortgages in arrears is at a historic low.
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To safeguard its portfolio, Santander said it has encouraged highly-indebted clients to refinance and consolidate different types of loans in arrears into a single loan with more amicable terms.
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Arrears to foreign oil companies piled up after the 2011 uprising that forced long-ruling President Hosni Mubarak to step down, reaching $6.3 billion in the 2011-12 fiscal year.
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Cairo has pledged not to accumulate more arrears, part of its drive to draw new foreign investment to an energy sector that is attracting interest following several major gas discoveries.
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"That might delay the first payment of ANFA and SMP profits by a few months," the source said, adding that there are also delays in state arrears payments to suppliers.
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The loss of the support of my family coupled with my medical problems, caused me to fall into arrears on my mortgage, credit card payments and line of credit payments.
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DMPL X Performance Marginally Worsening Late-stage arrears (loans delinquent for over three months) in DMPL X have increased by over 14bp in the 12 months leading to June 2016.
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The funds will be partly used for clearance of general government arrears with the private sector as well as for covering EUR6.3 billion of debt due for repayment in July.
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General government arrears with the private sector rose to EUR5 billion at end-February, and manufacturing PMIs indicate a contraction in activity in 1Q17, although industrial production has performed well.
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Ncube will be tasked with crafting an economic recovery program as well as coming up with strategy to pay off Zimbabwe's $1.8 billion arrears to the World Bank and AfDB.
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"We continue to work on additional funding on an urgent basis and shall advise you about the release of the remaining salary arrears as the funds come in," he added.
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Now, with barely a dent made in the principal and their account 75,000 euros in arrears, the couple face the prospect of never being able to pay back the loan.
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Zimbabwe's finance minister Mthuli Ncube said President Emmerson Mnangagwa's government was still deciding whether to follow the Highly Indebted Poor Country route or a commercial deal to clear the arrears.
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With tax arrears in Greece rising and reforms constantly delayed, the fund has little faith that the programme's target of a 3.5% primary budget surplus by 2018 can be achieved.
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Cairo has been trying to eliminate its arrears as it seeks to attract more foreign investment to its energy industry, which has drawn more interest after several major gas discoveries.
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The proportion of residential investment property loans in arrears over 90 days also fell but remain at a much higher 17 percent of all so-called "buy-to-let" loans.
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Alpha Bank's non-performing credit - loans in arrears for more than 90 days - rose to 36.8 percent of its loan book at end-December from 36.5 percent at end-September.
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"It will be a way to get quick upfront cash and improve our ability to focus on collecting more recent arrears, relieving the current administrative weight," the senior official said.
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We also forecast price rises in all core European markets other than the UK. Mortgage arrears are also stabilising in the markets where loan performance deteriorated significantly during the downturn.
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Only a fraction of home loans are securitised and around 2 percent of Australian RMBS are in arrears by 30 days, well below Spain's 6 percent and Italy's 5 percent.
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"We issued an arrears payment on July 2, as soon as we became aware of the problem and the correct payment schedule has now been restored," he told the Journal.
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But it also ordered Naftogaz to pay $2 billion to Gazprom for the gas arrears and ruled that it should buy 5 bcm of gas from Gazprom annually from 2018.
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Mizuno is a morally suspect, slothful and self-centered man, yet he's sufficiently talented that his social misdemeanors — rent arrears, missed deadlines, personal debts, lies, cruelty to others — are tolerated.
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It was the latest in a series of efforts over the years to bring Greece's arrears down from a staggering 180 percent of economic output — the largest in the eurozone.
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Because of theft and corruption, soldiers' salaries are not paid regularly, though Somalia's current president Mohamad Abdullaji "Farmajo" Mohamad managed to cut the salary arrears from six months to two.
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He challenged the findings and sued to delay the eviction; at the same time, he sought help from City Hall, working out an arrangement to reduce his arrears and fines.
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"SOFR compounded in arrears is more complex operationally than Libor, but, as a benchmark, as long as people are confident SOFR has stability" they may be comfortable making the switch.
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Only when they turned to Legal Aid did a lawyer there discover a technical flaw in the county's handling of the tax arrears and the Fryes got their home back.
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Tehran said in December that Turkmenistan had threatened to stop gas exports because of arrears in payments, which amounted to about $1.8 billion and dated back more than a decade.
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"I am pleased to note that the Greek government has made sufficient progress in clearing its arrears to the private sector", ESM Managing Director Klaus Regling said in a statement.
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The following month, Fieldbridge offered to reduce the legal rent back to a preferential rate of $1,675 — if Taylor dropped the overcharge case and paid more than $6,63 in arrears.
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So long as drivers clocked more card-based payments, a driver would never been in arrears with the company and Uber would never need to ask them to hand back cash.
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There has been speculation rising levels of arrears combined with falling house prices, could force owners to sell their homes at a loss and add to the downward pressure on prices.
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The government has been falling behind on payments to electricity providers and distribution companies, accumulating arrears that were threatening to seriously disrupt electricity generation in a nation still grappling with shortages.
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NSSA board chairman Robin Vela said in a statement that the government had paid its $180.9 million arrears dating back to 2013 through treasury bills with a tenure of 10 years.
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But Russia, unsympathetic to Belarus's demands for better terms amid the global energy slump, has cut supplies; it wants its neighbour to pay $425m in alleged arrears before restoring normal deliveries.
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Some 475,000 arrears-only cases, worth £2.2bn, will initially be put through the write-off process; the department estimates that £1.9bn will be written off without any further attempt to collect.
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The next step towards an IMF loan would be consideration by the Fund's executive board of a formal proposal to lift remaining remedial measures imposed on Zimbabwe because of the arrears.
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RATING SENSITIVITIES Sequential pay-down has increased credit enhancement for the senior notes of each transaction, with the 'AAAsf' rated notes able to withstand many multiples of the latest reported arrears.
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Finance Minister Mohammed al-Jadaan said the government had now essentially settled all its arrears and was committed in future to pay all creditors within 2110 days of the due date.
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A Bronte Halligan goal reduced the arrears to 6-2 before Alys Williams put the icing on the cake for the United States, whose goalkeeper Ashleigh Johnson racked up 14 saves.
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According to financial and trade sources, last month Egypt asked for 90 days to pay for LNG deliveries, up from the traditional 15, creating arrears currently estimated at $400-$500 million.
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However, interest rates in general are likely to remain low and we do not think unemployment will increase so any increase in mortgage arrears is likely to be modest and manageable.
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Sudan is also one of the few countries in arrears with the IMF, with the Fund noting this was a factor hindering access to external financing and weighing heavily on development.
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The Pinnacle 2010, Pinnacle 2013 and Pinnacle 263 transactions' 30+ day arrears were 1.60%, 1.29% and 0.84%, respectively, at 31 May 2016, compared with Fitch's 4Q15 Dinkum RMBS Index of 0.95%.
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Limited financing flexibility could force the government to accumulate domestic arrears and further put pressure on economic growth and on the banking sector, through its exposures to contractors executing public projects.
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Nearly 20 percent of all people who own cryptocurrencies went into arrears to invest in them, according to a recent survey of 3,000 people by CoinDesk, a digital tokens information company.
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The "we" he was referring to was presumably not President Robert Mugabe's inner circle, who between them probably have enough money to pay off all of Zimbabwe's arrears to the IMF.
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Ecuador has faced cash-flow problems since the collapse of crude oil prices in 2014, and has used different sources of financing mechanisms to cover arrears with local and foreign suppliers.
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Banking sector arrears on payroll discount loans extended to public sector employees reached 2.7% at end-March 2016, well below a comparative 5.8% for similar loans extended to private sector employees.
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Residential real estate loans in arrears fell to 2.59%, from 3.22% a year earlier, and the lowest since the second quarter of 2007, before the eruption of the subprime mortgage crisis.
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In addition to the members' delays in paying dues this year, the United Nations is owed more than $1 billion in long-term arrears, most of it from the United States.
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On Monday, State Grid, the government-controlled electricity provider, said it would halt the shut-off of electricity to residents whose bills fall into arrears while authorities deal with the outbreak.
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Isaac Kwesu, the chief executive of the Chamber of Mines, said although some members had accrued huge bills over the years, they had made plans to clear the arrears with ZETDC.
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Instead, like several predecessors, he has set up a tax-amnesty scheme, allowing taxpayers who come clean about past underpayment to pay their arrears in instalments in order to boost revenue.
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More than 200 responded, describing the hardships they face — a sick child, a dwindling supply of prescription drugs, a mortgage in arrears — and the preparations they are making to get by.
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Loans in arrears for 90 days or more in Brazil fell to an eight-month low, totaling 5.6 percent of outstanding non-earmarked loans, in February from 5.7 percent in January.
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Italy's other deputy prime minister, League leader Matteo Salvini, also issued a statement, saying the economy ministry should realise it was "urgent" to find a way to pay arrears to state suppliers.
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"The government will pay the arrears to the contractor ... but these costs have to be lowered, we can't pay for all this cost without value for money," Magufuli said in a statement.
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Solid Fiscal Performance: According to preliminary figures, Sardinia posted an operating margin of 9% of revenue in 2016, when adjusted by Fitch for non-recurrent revenue and arrears from the national government.
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Alpha Bank's non-performing credit - loans in arrears for more than 90 days - rose to 37.4 percent of its loan book at end-March from 36.8 percent at the end of December.
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BRASILIA, Dec 23 (Reuters) - Loans in arrears for 90 days or more in Brazil fell slightly from a record high in November while bank lending grew, the central bank said on Friday.
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It is an unwelcome addition to Egypt's already growing arrears to foreign oil companies involved in producing oil and gas in the country, up at $3 billion at the end of December.
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The most vulnerable districts are heavily dependent on state grant funding, which is more than $1 billion in arrears, as well as districts with limited operating reserves, Moody's said in a report.
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The clearing of supplier arrears has reduced the magnitude of potential contingent liabilities, but some state-owned companies, including in the banking and energy sector, could require budget support in coming years.
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"We have started to pay some of it, at least it has rebuilt that confidence between the government and the IPCs (oil companies)," he said, referring to arrears owed to the companies.
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They aim is to conclude the talks by May 24 and unlock funds for Greece, which needs to pay off IMF loans and ECB bonds maturing in July, along with state arrears.
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Chinamasa said Zimbabwe had drafted a new financing program to be presented to the IMF, whose executive board will vote on Harare's plan to repay $1.8 billion in arrears on May 2.
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DUBAI (Reuters) - Turkmenistan stopped gas exports to Iran on Sunday in a long-running dispute over arrears, Iran's state gas company said, days after Tehran said the issue had been temporarily resolved.
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Arrears fell across most of the country during the month, with small declines in New South Wales and Victoria, while only the Australian Capital Territory and Tasmania recorded increases, S&P said.
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"Given lower oil prices and much more limited market access, Ecuador will have to undertake large budget cuts or continue accumulating arrears in order to cover its financing needs," the bank said.
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Last month, the country's top auditor said the arrears of FCI have gone up to 813 billion rupees by March 2017, up from 234 billion rupees in the 2011/12 fiscal year.
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The company was also censured by the Financial Conduct Authority (FCA) for sending fake lawyers' letters to customers in arrears — and had to pay out a further £2.6M in compensation for that.
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Molla, who said total monthly payments by Egypt to foreign oil companies now stood at $700 million, had earlier said the government expected to settle the arrears by the end of 2019.
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Italy's other deputy prime minister, League leader Matteo Salvini, also issued a statement, saying the economy ministry should realize it was "urgent" to find a way to pay arrears to state suppliers.
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"This decision was not taken lightly, and reflects US concerns with mounting arrears at UNESCO, the need for fundamental reform in the organization, and continuing anti-Israel bias at UNESCO," she added.
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If concluded, the review will unlock a fresh tranche of about 5 billion euros ($5.7 bln), which Greece needs to pay off state arrears and European Central Bank and IMF maturing debt.
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He said that based on a Eurogroup decision in June, Greece should have a buffer of funds to ensure a clean exit from the bailout program and to pay down state arrears.
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The group's non-performing credit — loans in arrears more than 90 days — dropped to 39.5 percent of its loan book at the end of December from 40.5 percent in the third quarter.
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"We advise all to remain calm as all stipend arrears and other outstanding payments under the program will soon be paid," the office of the government amnesty program said in a statement.
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Last month the International Monetary Fund (IMF) warned that delays by Zimbabwe in implementing foreign exchange and monetary reforms risked undermining the new currency and the government's reengagement internationally on debt arrears.
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To bring down cane arrears and reduce rising inventories, New Delhi has provided incentives to mills for overseas sugar sales and set an export target of 6 million tonnes for 2019/20.
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The bill introduces a new electronic process for foreclosures on overdue loans and arrears to the state, opens up closed professions, restructures family benefits and makes it harder to call a strike.
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The amount of so-called buy-to-let loans in arrears fell to 13.9% from 14.9% in the second quarter, the lowest level since the bank began to collect data in 2012.
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Watch: Why Ted Turner wants to save everything A philanthropist of extraordinary generosity, he once donated $1 billion to the United Nations when the United States was in arrears of its payments.
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At the group level, non-performing credit, or loans in arrears for more than 90 days, edged up to 33.6 percent of NBG's loan book from 33.1 percent at the end of December.
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Self-employed borrowers continue to experience financial difficulties despite positive serviceability factors as indicated by the Low-doc Dinkum Index, which recorded a 32bp increase in 30+ days arrears to 7.29% in 20306Q2612.
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Yet, Kearns noted that while loans in arrears or impaired had crept up to around 1% of banks total outstanding domestic loans, that meant 99% of mortgages were on, or ahead of, schedule.
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Without balance of payment support and foreign credit, the government is seeking to clear $1.8 billion arrears to the IMF, African Development Bank and World Bank in a bid to unlock new funding.
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The group's non-performing credit — loans in arrears more than 90 days — edged up to 39.8 percent of its loan book at the end of March from 39.5 percent in the fourth quarter.
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The completion of the second review and the subsequent disbursement of EUR8.5 billion by the ESM have supported confidence and injected liquidity in the economy through clearance of arrears with the private sector.
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Standard & Poor's said in mid-July that the number of mortgages in arrears rose in May for the seventh straight month, based on data for residential mortgage-backed securities, according to media reports.
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At 22750 September 22000, only Medallion Trust Series 2210-22000 and Medallion Trust Series 221-22500 had 220003+ days arrears above Fitch's 222000+ days Dinkum Index (200037123Q222001: 214.3%) at 24824% and 2212%, respectively.
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Economists say that for the southern African country to revive its struggling economy it needs to clear its arrears with Western donors and agree a financing program with the International Monetary Fund (IMF).
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Euro zone bailout fund chief Klaus Regling said his European Stability Mechanism would disburse 7.7 billion euros in early July to cover 6.9 billion euros in maturing debt and 0.8 billion of arrears.
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The union said it decided to strike over issues such as joint venture funding and cash call arrears, which it said had stalled the creation of new jobs and investment in the sector.
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According to the U.N. Charter, countries in arrears in an amount that equals or exceeds the contributions due for two preceding years can lose their vote in the 193-member U.N. General Assembly.
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The timeline for the arrears payment and the added funding "is possible, but it would be very fast-tracked," said Dean Tyler, head of fixed income at Exotix Capital, which hosted the meeting.
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In a bid to survive, he says he has halted 4,000 projects worth $5 billion, built up arrears with contractors and 1.4m government employees and beneficiaries, and cut salaries by up to 75%.
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Trump's own suspicion of Western institutions may undermine his demands for more spending -- as does his misconception that NATO is like a club to which European members owe billions of dollars in arrears.
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At the group level, non-performing credit, or loans in arrears for more than 13 days, edged up to 33.1 percent of NBG's loan book from 33.0 percent at the end of September.
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Although some city officials argued that Mr. Singh did not deserve a new lease until he was a tenant in good standing, he worked out a deal to reduce his arrears and fines.
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Arrears on World Bank and African Development Bank loans total almost $43 billion, he said, and clearing that may be crucial to securing new funds to help lift the country out of crisis.
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ATHENS, Sept 10 (Reuters) - Piraeus Bank will launch a reward programme for borrowers with home loans who service their debt regularly and have no arrears, Greece's largest lender by assets said on Tuesday.
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"I know members will make all efforts to honor their dues because there is no one who can afford to have a mine closed," Kwesu said, but declined to name members with arrears.
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The bank indicated that arrears rates have stabilised and measures such as the sale of a lower-quality portfolio earlier this year will gradually improve the quality of the US cards business mix.
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Much of his second term was spent at odds with the United States, the U.N.'s biggest contributor, as he tried to lean on the nation to pay almost $22007 billion in arrears.
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To bring more clarity to the process, the Loan Syndications and Trading Association (LSTA) last month released a draft 'concept credit agreement' that references a compounded average of daily SOFRs calculated in arrears.
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To bring down cane arrears and reduce rising inventories, New Delhi has been providing incentives to mills for overseas sugar sales and set an export target of 5 million tonnes for 2018/19.
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Apart from Somalia, Sudan is now the only country in the world with arrears to the International Monetary Fund (IMF), accounting for more than 80 percent of money overdue to the multilateral lender.
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Brazil is in arrears on contributions to the United Nations and other multilateral organizations by $852 million, a debt that threatens its right to vote, Serra told O Estado de S.Paulo newspaper on Sunday.
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TANESCO has to resort to costly fuel oil or diesel plants to fill the shortfall during dry spells and many of its arrears are due to the costs of private power and fuel suppliers.
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By statute, New Jersey schools are instructed that meals "shall not be served" to a student who is more than three weeks in arrears, provided a parent or guardian has been given proper notice.
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However, a new IMF loan program for Zimbabwe cannot be considered until the country clears more than $1 billion in World Bank arrears and another $600 million-plus owed to the African Development Bank.
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BRUSSELS, Oct 26 (Reuters) - The euro zone bailout fund ESM decided on Thursday to pay out 800 million euros to Greece in a loan that is to be used to pay Greek government arrears.
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Sugar mills in the state, India's second-biggest producer of sugar, cotton and soybeans, have run up a record $614.8 million in arrears to cane farmers due to poor sales amid a sugar glut.
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A source said there was no agreement yet with Google on the issue and said the eventual sum requested of the U.S. company could be considerably higher once penalties and interest arrears were added.
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The Zimbabwe Nurses Association (ZNA), which has more than 16,000 members, said government negotiators had on Sunday tried to avert the strike by promising to pay arrears but nurses resolved to go on strike.
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Notwithstanding the fact that 99% of borrowers currently pay floating rates and reference interest rates are at an all-time low, 11% of the claims are still in arrears by more than 30 days.
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RATING SENSITIVITIES Sequential pay-down has increased credit enhancement for the senior notes of the Pinnacle 2010 and Pinnacle 2013 transactions, with the rated notes able to withstand multiples of the latest reported arrears.
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Loans in arrears for at least 90 days rose to the equivalent of 5.9 percent of non-earmarked, outstanding loans in May from 13 percent in April, the central bank said in a report.
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Shooting for their first playoff appearance since 2003, the Marlins (49-42) remained tied with the New York Mets for the second wild-card spot, dropping St. Louis (47-44) two games in arrears.
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Naftogaz was awarded damages of $4.63 billion, but since the court previously ordered Naftogaz to pay Gazprom for gas supply arrears, the net payment Gazprom will have to make to Ukraine is $2.56 billion.
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Both Crusade transactions at 31 August 2016 had arrears above Fitch's 7503Q16 30+ day Dinkum Index of 1.11%, at 3.8% for Crusade No. 1E of 2007 and 3.5% for Crusade No. 1 of 2007.
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The last is a squat brick building on Norfolk Street once home to the club Tonic, a hub for free jazz and avant-garde music before it closed in 2008 because of rent arrears.
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No timing for this given - Increase in sanctions, including prison, for tax evasion - Amnesty for people struggling to pay tax arrears - Abolish the 'Fornero' pension reform which raised the retirement ages and required future hikes.
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Speaking in Canberra, the head of the Reserve Bank of Australia's (RBA) Financial Stability Department Jonathan Kearns noted arrears rates had been rising slowly for several years and were now at their highest since 2010.
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Tria shot down the notion that the Italian state could pay its sizeable arrears with suppliers via small-denomination bearer bonds and dismissed talk of a debt restructuring or a wealth tax in the country.
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"Access to IMF resources would first require the establishment of a credible plan to clear arrears with other IFIs and with bilateral creditors, in line with applicable Fund policies," the IMF said in a statement.
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The disagreement could further delay the disbursement of the bailout funds which Athens badly needs to pay off IMF loans in June, bonds of the European Central Bank maturing in July and increasing state arrears.
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Athens hopes the measures, two days before a key euro zone finance ministers meeting, will help it unlock the funds it needs to pay IMF loans, ECB bonds maturing in July and increasing state arrears.
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After the change in leadership, British Foreign Secretary Boris Johnson said London could take steps to stabilize Zimbabwe's currency system and extend a loan to help clear its World Bank and African Development Bank arrears.
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The Washington Post provided a good overview: In schools nationwide, students have been branded with stamps, given unappealing cheese sandwiches, or even had their lunches thrown away after employees discovered that they were in arrears.
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Athens and its international lenders wrapped up a crucial bailout review last month which is expected to unlock vital funds that the country needs to pay maturing ECB bonds, IMF loans and increasing state arrears.
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There are also concerns the new administration has not entirely shelved prior plans to issue short-dated securities to pay state arrears - a move some fear effectively creates a parallel payments system and proxy lira.
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Delays in paying back foreign petroleum companies had discouraged investment in the sector, but a drive to increase the price paid for domestic production and pay back arrears had encouraged new contracts signed in 2015.
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Separately on Tuesday, Rio Tinto subsidiary Turquoise Hill Resources said it was being asked to pay $155 million in tax arrears by Mongolia after an audit of Oyu Tolgoi's tax payments between 2013 and 2015.
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Since Sudan is still listed by the United States as a state sponsor of terrorism and has $1.3 billion of IMF arrears, it is unable to tap the International Monetary Fund and World Bank for support.
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While home loans and credit card loan arrears improved, loan impairments grew 11% to A$1.2 billion, driven by losses from a small number of large clients and weakness in the retail, construction and agriculture sectors.
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The southern African nation has had to rely on domestic taxes and borrowings to fund its national budget since international institutions stopped lending to President Robert Mugabe's government, which owes more than $7 billion in arrears.
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The successful completion of the second review of Greece's ESM programme reduces risks that the economic recovery will be undermined by a hit to confidence or by the government building up arrears with the private sector.
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In a bid to boost its liquidity, Hatzidakis said that PPC will also double its efforts to collect as much as it can out of the 800 million euros ($897.36 million)in arrears from habitual defaulters.
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Euro zone finance ministers also said they would disburse 8.5 billion euros to cover current financing needs, clearing arrears, and possibly allowing the country to build up a cash buffer that would facilitate future market access.
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"The liquidity situation is becoming tight, there are debt service payments ... there is a risk that the government may have to accumulate domestic arrears again," the head of the euro zone bailout fund Klaus Regling said.
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Non-performing loans increased to 9.7% of total loans at end-0003 from 8.1% in 2014 and we believe it will keep rising as arrears accumulation of the government to suppliers continues to depress asset quality.
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LONDON, March 16 (Reuters) - Zimbabwe expects to make up for all its debt arrears to major international lenders by September and could return to international capital markets thereafter, its central bank deputy governor said on Friday.
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Loans in arrears for 90 days or more should stabilize as a share of outstanding loans next year, Chief Executive Officer Paulo Rogêrio Caffarelli said at an event in São Paulo to discuss second-quarter results.
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"Whilst the amount of late-stage arrears cases is decreasing, a significant number of cases remain, and appear to be getting worse," Central Bank Deputy Governor Sharon Donnery said in an interview with state broadcaster RTE.
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RATING SENSITIVITIES Negative: A downgrade would reflect a further deterioration in FCF beyond Fitch's base case assumptions as a result of an increase in arrears, pub vacancies and/or foreclosure rates and slower-than-expected deleveraging.
|
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Finance Minister Patrick Chinamasa said in London on Monday he hoped multilateral lenders would sign a deal for Zimbabwe to clear its arrears by December, opening the door to possible new funding, the first since 1999.
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The weak result in 2015 was due to higher current expenditure (up 234% yoy), as payables in arrears were paid off with new borrowings, and as temporary cost-containment policies introduced over 34-5 wound down.
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In the face of pressure from international labor groups, Jack Wolfskin came up with about $38,000—less than one half of 1 percent of the arrears and enough to give 1,963 workers a pitiful $20 each.
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"This account was severely in arrears, and we made at least 26 attempts to notify the customer since January 2018, including two visits to the residence prior to the disconnection," the company said in a statement.
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She was raised, it seems, by a single mother, who was in such arrears with the rent that young Kim would routinely high tail it from landlords before she had a chance to put on shoes.
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PREPA, also known by its Spanish acronym AEE, is in arrears on some $9 billion in debt, and now faces up to a year without energy from Costa Sur, which has a capacity of 990 megawatts.
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"Moneybarn did not give its customers, many of whom were vulnerable, the chance to clear their arrears over a realistic and sustainable period," said Mark Steward, executive director of enforcement and market oversight at the FCA.
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Instead, Mr. Trump talked about military spending, persisting in his mistaken idea that member states who are not yet paying two percent of their gross domestic product on the military somehow "owe" the United States arrears.
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The Eurogroup acknowledges that significant progress has been made towards the clearance of net arrears during July and August and notes the time required for completing the data for September, which would be later in October.
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Caitlin Foord reduced the arrears on the stroke of halftime before Chloe Logarzo equalized and Monica then headed past her own keeper, with the goal given after a VAR review, to hand Australia all three points.
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These cases are usually handled in state court, but the amount owed, the length of time he was in arrears, and the fact that the people involved are in different states all make it a federal case.
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"This decision was not taken lightly, and reflects U.S. concerns with mounting arrears at UNESCO, the need for fundamental reform in the organization, and continuing anti-Israel bias," State Department spokeswoman Heather Nauert said in a statement.
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Measures to revive the economy will allow families to pay bills in arrears and help expand the offer of credit, he said, alluding to the recently-announced authorization for workers to withdraw funds from inactive severance accounts.
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The ministry had said last September that Egypt aimed to reduce the arrears owed to foreign oil companies to $2.5 billion by the end of 2015 and to pay them off completely by the end of 2016.
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The government on Tuesday asked the Senate to amend its spending law to enable a debt program to settle 2.7 trillion naira ($8.6 bln) worth of obligations including pensions and salary arrears, to help revive the economy.
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The airline's sole aircraft in operation was grounded by Airports Company South Africa (ACSA), which said Air Zimbabwe had failed to pay landing and parking fees, passenger service charges and an undisclosed amount towards clearing its arrears.
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Mnangagwa's most pressing tasks will be to patch up relations with donors and the outside world and work out a deal to clear Zimbabwe's $1.8 billion of arrears to the World Bank and the African Development Bank.
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The government hopes that by widening the eligibility and offering investors a state guarantee, it can reverse the low participation when the scheme began in 2012, particularly among the 32,000 accounts now in arrears over 720 days.
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Carrefour's Kenyan business, which is ran through its UAE-based franchisee Majid-al Futtaim, has said it will open a third store in Nairobi at a shopping mall where Nakumatt was recently evicted due to rent arrears.
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Greece needs the bailout funds to pay IMF loans, ECB bonds maturing in July and growing state arrears, but these are subject to it passing a review that includes required changes to its tax and pension laws.
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BAGHDAD (Reuters) - Iraq will pay foreign oil companies about $2 billion in remaining arrears for 2015 this April and expects to reach an agreement over contracts by half-way through the year, the deputy oil minister said.
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Around 120,000 home loans - one in six - have been restructured in line with a government directive to use long-term forbearance to manage mortgage arrears, with 87 percent of those arrangements proving durable, the central bank said.
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DUBLIN, Dec 19 (Reuters) - The number of Irish homeowners in arrears for more than 90 days fell to 6.2 percent at the end of September from 6.3 percent three months earlier, central bank data showed on Friday.
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Chinamasa blamed the swollen deficit on the need for grain imports because of a devastating drought, payment of 2015 salary arrears, debt servicing and bonus payments to public workers that were not in the original spending plans.
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The Madras High Court ordered that the garment workers should receive a pay rise of up to 30 percent - the first minimum wage hike for 12 years - and that they could claim arrears going back to 2014.
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Illinois' biggest social services provider announced on Friday it was eliminating 750 jobs and shuttering more than 30 programs affecting about 4,700 seniors, children, veterans and other residents because the state is over $6 million in arrears.
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The ministry had said in September that Egypt aimed to reduce the arrears owed to foreign oil companies to $2.5 billion by the end of 2015 and to pay them off completely by the end of 2016.
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Lawmakers in Athens approved a series of measures including tax increases and a contingency mechanism of spending cuts, a package it hopes will help unlock the funds it needs to pay upcoming loans and increasing state arrears.
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The IMF deal is contingent on progress in meeting five main targets related to the budget deficit, its financing by the central bank, keeping sufficient reserves, targeting social spending and avoiding accumulating arrears to international companies, Josz said.
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The main factors that could, individually or collectively, trigger positive rating action are: - Improved management of public finances leading to a reduction in arrears to public enterprises and state suppliers, and a reduction of the debt/GDP ratio.
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On April 27, Zimbabwean Finance Minister Patrick Chinamasa said the southern African nation had met all conditions to clear arrears to the World Bank and African Development Bank, paving the way for possible future funding from the IMF.
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One of his most pressing tasks will be to patch up relations with donors and the outside world and work out a deal to clear Zimbabwe's $1.8 billion of arrears to the World Bank and African Development Bank.
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When you apply for Social Security benefits and the government determines you are due prior benefits, you will be paid up to six months in arrears as a lump sum at the same time your monthly benefit begins.
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Gazprom said the Stockholm court had ordered Naftogaz to pay more than $2 billion to Gazprom for gas supply arrears and that it had also ordered Naftogaz to buy 5 bcm of gas from Gazprom annually from 2018.
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And the government has asked the IMF to monitor its progress, even though it will remain ineligible for any IMF money until it has settled more than $5.6bn of arrears to other official creditors, including the World Bank.
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PPC, which is 51% owned by the state, has been struggling to collect part of more than 2.4 billion euros ($2.7 billion) of arrears from bills left unpaid during the country's debt crisis, which began in late 2009.
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Loans in arrears for 90 days or more, a benchmark for delinquencies, rose to the equivalent of 5.7 percent of outstanding non-earmarked credit last month, from 5.6 percent in February, the central bank said in a report.
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Unable to get balance of payment support from foreign lenders due to unpaid arrears, and with more than 90 percent of its national budget going to salaries, Zimbabwe's public infrastructure has been crumbling for more than a decade.
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CAIRO (Reuters) - Egypt's arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the remaining amount would be paid soon.
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Zimbabwe does not receive funding from foreign lenders such as the International Monetary Fund and World Bank because it is in arrears, and so relies on domestic taxes and borrowing from local banks to fund the national budget.
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If Greece does not deliver in full on the reform milestones, it might not get the part of the money that it needs for clearing government arrears and would only get that when it completes the missing steps.
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Amid a political backlash over who some Irish lenders may sell portfolios of distressed mortgages to, the government has also requested that the country's central bank carry out review of the mortgage arrears code of conduct, Donohoe said.
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This includes the FLA, which was established in 2012 by the central government to support Spanish regions facing difficulties in accessing capital markets, and the Supplier's Fund (FFPP), a mechanism to help regions pay their arrears to suppliers.
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A communique issued after the meeting and seen by Reuters shows that issues discussed included joint venture funding and cash call arrears, which the union said had stalled the creation of new jobs and investment in the sector.
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Last week, at a meeting in St Petersburg between Russian President Vladimir Putin and Belarussian leader Alexander Lukashenko, Russia agreed to refinance Belarus' debt while Belarus will pay back more than $720 million in arrears for gas supplies.
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DUBLIN, Sept 12 (Reuters) - The proportion of Irish residential investment property loans in arrears over 90 days rose for the second successive quarter to the highest level in more than a year, central bank data showed on Thursday.
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It added that delays and missteps in foreign exchange and monetary reforms had failed to restore confidence in Zimbabwe's new currency and the government's reengagement internationally on debt arrears was still delayed, constraining its access to external support.
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"The 1.7 billion euro tranche will be disbursed at the next ESM meeting, when official data for September will confirm that we are well above our target (on state arrears)," the Greek finance ministry said in a statement.
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"You don't want your heirs to be surprised that Mom and Dad are 10 years in arrears on their property taxes and they sell the home and have to make all that back up plus interest," Steffen said.
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Cairo has promised to eliminate those arrears by the end of June 2019 and not accumulate more, part of efforts to draw new foreign investment to an energy sector that is attracting interest following several major gas discoveries.
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Ms. Bokova said she had repeatedly told members of Congress that immediate payment of the arrears was not an issue, only American political re-engagement in the organization, which she said she believed served many American interests abroad.
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"North Korea is like Cuba in spades - they have similar ratios of principal to arrears and have not yet indicated much interest in dealing with the London Club," said Blitzer, referring to debt owed to the private sector.
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HARARE (Reuters) - Zimbabwe is yet to reach a deal with the World Bank and other foreign lenders over clearing arrears and implementing reforms, the International Monetary Fund said, warning that reliance on raising money domestically could further fan inflation.
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The IMF said in a statement on Friday after a meeting of its executive board this week that although Harare cleared its arrears with the fund last year, talks with the World Bank and other multilateral lenders faced delays.
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CAIRO, April 6 (Reuters) - Egypt's outstanding arrears to foreign oil companies rose to $3.2 billion at the end of March from $3 billion at the end of December, an official at the ministry of petroleum told Reuters on Wednesday.
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"As part of efforts to reduce TANESCO's arrears ... and improve its operations, the World Bank has held talks with the government through the Ministry of Energy and Minerals for a $200 million loan," the ministry said in a statement.
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Unable to get funding from foreign lenders like the International Monetary Fund and World Bank due to arrears of more than $2.4 billion, Zimbabwe has looked to financiers from the continent and local banks to shore up its budget.
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The investigation targeted employees of Banco do Brasil and businessmen linked to firms set up to collect debt in arrears on behalf of the bank, according to a statement describing the actions carried out by civil police in Brasília.
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ABIDJAN (Reuters) - Britain could take steps to stabilize Zimbabwe's currency system and extend a bridging loan to help it clear World Bank and African Development Bank arrears, but such support depends on "democratic progress", Foreign Secretary Boris Johnson said.
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Greece needs the bailout funds to pay IMF loans, ECB bonds maturing in July and growing state arrears, subject to lenders signing off on a review of its reform progress that includes changes to its tax and pension laws.
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PACE financing runs with the property, not the owner, and so if a PACE property enters foreclosure, the only exposure to mortgages is the tax payment currently in arrears: the total outstanding PACE assessment is not due in full.
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Chinamasa has previously said Zimbabwe will clear arrears of $1.86 billion owed to the World Bank, the International Monetary Fund and the African Development Bank in the first half of this year in a bid to access new financing.
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DUBLIN, June 13 (Reuters) - The number of Irish homeowners in deep arrears of two years or more rose slightly in the first quarter to account for 45% of all borrowers behind in payments, central bank data showed on Thursday.
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In a statement issued late on Monday, the unions said the strike began at midnight (2300 GMT) and would continue indefinitely until demands, including the payment of seven months of salary arrears and negotiations over contract conditions, were met.
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Air Zimbabwe's sole aircraft in operation was grounded last week by Airports Company South Africa (ACSA), which said the airline had failed to pay landing and parking fees, passenger service charges and an undisclosed amount towards clearing its arrears.
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All other transactions are expected to continue amortising on a sequential basis due to trigger breaches, which will further increase CE. Stable Asset Performance Loans that are three months or more in arrears have shown steady improvement post-crisis.
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Lu said that China would need to resettle about half a million workers that lose jobs in the coal and steel sectors this year and will speed up development of a "black list" system for firms with wage arrears.
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The left-led government had promised to take measures to liberalise its energy market, cut pension spending, speed up privatisations and boost banking governance in exchange for the fresh funds, which will be used to pay off state arrears.
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There was an increase in the number of accounts in arrears up to 90 days, but the central bank said this was due to the country's worst weather for decades impacting customers' ability to make payments at their branch.
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DUBLIN, March 5 (Reuters) - Ireland's central bank fined Royal Bank of Scotland's Ulster Bank 4.6 million euros on Thursday for governance failings relating to targets the regulator set in 2013 to tackle then deep mortgage arrears across the sector.
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In the Deepwater Horizon case, which made $6.5 billion in payments to nearly a quarter-million people and businesses, it turned out that a number of individual recipients "were in tremendous arrears in child and family support," she said.
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We had forecast a 2016 deficit of 5% of GDP, although Ghana's track record of large budget deficits, running up arrears, and fiscal slippage around elections, meant that risks to our forecast were heavily weighted to a wider deficit.
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The United Nations said last week that total arrears are $1.385 billion, of which $860 million is for the $2.85 billion regular budget for 2019, which pays for work including political, humanitarian, disarmament, economic and social affairs and communications.
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Fitch projects a general government deficit of 3.3% of GDP, up from 103% in 2016, as a result of lower tax revenues due to weaker economic activity, social expenditure pressures and the expected clearance of outstanding public sector arrears.
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"This decision was not taken lightly, and reflects U.S. concerns with mounting arrears at UNESCO, the need for fundamental reform in the organization, and continuing anti-Israel bias at UNESCO," State Department spokeswoman Heather Nauert said in a statement.
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The FT quoted Mangudya as saying Zimbabwe hoped to pay off its arrears before the September board meetings of the International Monetary Fund and the African Development Bank, paving the way for IMF assistance to alleviate its cash crunch.
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The United Nations said in October that total arrears were $1.385 billion, of which $860 million is for the $2.85 billion regular budget for 2019, which pays for work including political, humanitarian, disarmament, economic and social affairs and communications.
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Argentina, a shadow of the team that finished World Cup runners-up in 2014, moved into third place in the 10-nation South American group on 22 points, eight behind leaders Brazil and one in arrears to second-placed Uruguay.
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However, Fitch forecasts the general government fiscal deficit to widen to 211% of GDP in 21500 on a cash basis, from 21000% in 212000, reflecting a combination of current year budgeted spending and the payment of accumulated arrears to contractors.
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HARARE, July 2713 (Reuters) - Zimbabwe's state-owned pension fund on Thursday reported a 12 percent increase in pension contributions and premiums to $328 million during the year to December 2016 due to improved collections and after the government settled its arrears.
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Instead of squeezing bondholders the government may do better by trying to restructure, or even repudiate, its secret loans (one of which is already in arrears and all of which may be unconstitutional since they were not approved by parliament).
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MILAN (Reuters) - League leader Matteo Salvini said on Monday he was open to other solutions to so-called "mini-BOT" securities to pay public debts in arrears after his party's proposal to introduce this form of payment upset financial markets.
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He also wants to extend a reduced value-added tax regime for five islands with huge migrant arrivals in past years, and to make it easier for people to pay off pension-fund arrears and bank loans, government officials said.
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Citing the cost of maintaining the legacy system or of transferring its cases to the CMS, the government will give the DWP the power to write off legacy arrears if it decides that collecting the money is not cost-effective.
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As a result, around 20 percent of the five banks' 43,000 residential mortgages in arrears for more than 90 days - and a similar amount of their troubled buy-to-let books - still have no reported resolution agreed between borrower and lender.
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At a meeting in St Petersburg, held while the Russian city was reeling from a deadly bombing on a metro train, Russia agreed to refinance Belarus' debt while Belarus will pay back more than $720 million in arrears for gas supplies.
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The commission heard in June how NAB charged a cattle-farming couple in Queensland more than A$2.6 million ($2 million) in default interest alone after flooding rain followed by drought pushed them into arrears on a A$3.1 million loan.
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Though the presentation was "compelling", according to one investor, Egypt's representatives did not give clear answers to questions regarding Egypt's arrears owed to foreign oil companies, and did not provide a net amount of outflows versus inflows, said the same investor.
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"This data is a bit in arrears into getting into either the [Department of Energy] and even some of the [American Petroleum Institute] data," he said, noting that the agencies often revise their figures in early part of the calendar year.
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CAIRO, July 11 (Reuters) - Egypt's arrears to foreign oil companies have declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the remaining amount would be paid soon.
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John Mangudya, who is both governor of the Reserve Bank of Zimbabwe and chairman of the government's arrears clearance committee, said the strategy is to clear the debts to the World Bank and ADB first before approaching the Paris Club.
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Still, early default ratios, or loans in arrears between 15 days and 90 days, fell for consumers and companies alike, a sign that a strategy to refinance potentially problematic loans earlier than usual is allowing more borrowers to stay current.
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The sugar mills are facing a cash crunch as they also have to pay stipulated prices to buy cane from farmers at a time when there is a glut of sugar, and they are heavily in arrears in those payments.
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HARARE, Sept 10 (Reuters) - Zimbabwe's new Finance Minister said on Monday he would accelerate the country's plan to pay arrears to the World Bank and African Development Bank and would work on a three-year programme to bring down government expenditure.
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Before the holiday, Beijing issued a notice calling on local authorities to "seriously investigate all incidents of wage arrears, so that migrant workers would be paid in a timely manner and in full," the state-run Workers Daily newspaper reported.
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Loan impairment expense rose 28 percent compared with a year ago to A$564 million largely driven by higher home loan arrears and losses in mining towns of Western Australia and Queensland and higher rural lending provisioning in New Zealand.
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FRANKFURT (Reuters) - There is no sign of a rise in the proportion of "zombie firms" in Germany despite low borrowing costs that reduce the incentives for banks to pull the plug on clients in arrears, the Bundesbank said on Monday.
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The project, headed by Deputy Labour and Social Affairs Minister Notis Mitarachi, will look into selling a first batch of up to 12 billion euros ($13.22 billion) of legacy arrears out of about 35 billion on the social security system's books.
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The servicer reports the balance of loans in arrears in terms of loans with overdue monthly contractual payments, referred to as delinquencies, and loans with overdue monthly contractual payments and/or outstanding fees or other amounts due, known as amounts outstanding.
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Loans in arrears for 90 days or more, a benchmark for defaults, rose to 5.7 percent of outstanding bank loan books last month, the highest level since the central bank began keeping updated records of the indicator five years ago.
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All substitutions will cease upon unreimbursed charge-offs exceeding 1%, if an event of default or servicer termination event subsists, or if the average percentage of loans more than 90 days in arrears over the prior three months exceeds 3%.
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"The group increased its level of provisioning to cover a deficit in provisions and has thus raised the coverage of loans in arrears for more than 90 days to 76.8 percent from 60.2 percent in 2014," Chief Executive Leonidas Fragiadakis said.
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The left-led government, which has a thin parliamentary majority, wants to wrap up the review to lure back investors and unlock 5 billion euros in bailout funds that Athens needs to pay ECB and IMF maturing debt and state arrears.
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DUBLIN, June 20 (Reuters) - The number of Irish homeowners in arrears for more than 90 days fell to 6.7 percent in the first quarter of 2018 from an upwardly revised 6.8 percent three months earlier, central bank data showed on Wednesday.
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Non-performing loans to the industry - those on which repayments are significantly in arrears - increased to 827 million pounds in the first quarter of this year from 434 million at the end of 2015, RBS said in its quarterly results.
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However, in terms of risks, the amount of Capitec's loans in arrears at the end of December were up 24 percent to compared with a year earlier, at 2.86 billion rand, outstripping the 11 percent growth rate of its interest income.
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SYDNEY, Nov 15 (Reuters) - Rates of arrears on home loans are at a decade high in Australia, although the overall rate is still too low to threaten financial stability or bank profit margins, a top central banker said on Friday.
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Mr. Salvini and Mr. Di Maio have even floated the idea for Italy to have some sort of parallel currency to the euro, small-denomination government bonds for payments in arrears, which has hardly eased anxieties in Brussels or financial markets.
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Mr. Trump will emphasize longstanding efforts to reform what many Republicans see as the sclerotic and inefficient United Nations organization, but aides would not say whether he would commit to the traditional level of American financing as Washington remains in arrears.
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Moody's said mortgage arrears of longer than 30 days rose between October and November 2015 in Australia, which coupled with a fall in national house prices seen in the fourth quarter of last year will mean delinquencies will rise during 2016.
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Brazil has run up $866 million in arrears with international bodies such as the United Nations due to a fiscal crisis, and its diplomats abroad have even had trouble paying their rent, a source with knowledge of the matter said.
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Restructuring, liquidating or divesting SOEs based in commercial viability is a top priority, the fund instructed, adding that state utility Eskom must "speedily pursue savings in coal procurement and employee attrition" along with aligning wages with productivity and collecting arrears.
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"The question of whether markets will be happy with SOFR compounded in arrears is more a function of whether the market can achieve the level of operational efficiency, swiftness and flexibility that exists in the Libor loan market," Frogel said.
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NBG Programme II's 'B' PLR reduced to 9.2% (from 13.7%) after the EUR3bn buyback in May 2016, when the bank decided to take out the Swiss franc loans and most of the arrears, reducing them to 0.2% from 28.7% in December 2014.
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CEO Octavio de Lazari said he also sees its delinquency ratio - a measure of loans in arrears for more than 90 days - falling further this year after they declined in the quarter, adding that the bank expects full-year profitability to rise.
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SYDNEY, June 18 (Reuters) - Arrears on Australian housing loans are likely to keep rising for a while longer, a top central banker said on Tuesday, but should not pose a risk to financial stability or the economy as long as unemployment remains low.
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The southern African nation owes $8.8 billion to foreign lenders, $2.6 billion of this in arrears to the World Bank, African Development Bank and European Investment Bank and has not accessed financing from international institutions since defaulting on its debt in 1999.
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Giuseppe Tria was seeking to shoot down the notion, floated by the ruling League party and backed by the whole Parliament through a non-binding motion, that the Italian state could pay its sizeable arrears with suppliers via small-denomination bearer bonds.
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MILAN, June 10 (Reuters) - League leader Matteo Salvini said on Monday he was open to other solutions to so-called "mini-BOT" securities to pay public debts in arrears after his party's proposal to introduce this form of payment upset financial markets.
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Finance Minister Patrick Chinamasa said last week that Zimbabwe had met all conditions to clear arrears to the World Bank and African Development Bank, paving the way for possible funding from the International Monetary Fund, which last lent Zimbabwe money in 1999.
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The initially projected reduction in aggregate public capital spending will not materialise due to a NAD2.5 billion capital injection in a new public infrastructure fund and to the settlement of previously unreported arrears worth NAD2.7 billion arising from commitments undertaken in FY16.
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Greece needs a 5 billion euro aid tranche ($5.7 billion) to pay off loans in July and meet growing state arrears, but must first sign off on tax and pension reforms that Greeks are protesting against with a 48-hour nationwide strike.
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Athens hopes the vote, two days before a key euro zone finance ministers' meeting, will help it wrap up a key bailout review and unlock new funds that it needs to pay IMF loans, ECB bonds maturing in July and increasing state arrears.
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It was not clear if the $1.3 billion debt included the arrears that landlocked Juba continues to rack up with Khartoum - the amount agreed in 2012 was roughly $26 in fees for each barrel of South Sudanese crude piped to Port Sudan.
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Groningen and Zeeland saw only a modest increase of 1.5% and 1.1%, respectively, Loans in arrears by more than three months as a percentage of the current Fitch-rated RMBS portfolio balance fell to 13bp in June 2017, from 44bp a year earlier.
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The O'Connors' case is typical of a situation stymying Irish efforts to deal with some of the most stubborn home mortgage arrears in Europe, after the 2008 crash halved house prices and led to the most expensive bank rescue in the euro zone.
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Athens wants to use a big chunk of the funds to pay off state arrears, a move which Chouliarakis said would offset the impact of the austerity measures, tax hikes and pension reforms that Greek lawmakers approved to qualify for the funds.
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This includes the Regional Liquidity Fund (FLA), which was established in 2012 by the central government to support Spanish regions facing difficulties in accessing capital markets; and the Supplier's Fund (FFPP), a mechanism implemented to help regions pay their arrears to suppliers.
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LAGOS, Sept 26 (Reuters) - Nigeria's government has asked parliament to amend its spending law to enable a debt program to settle 2.7 trillion naira worth of its obligations including pensions and salary arrears, according to a letter from Vice President Yemi Osinbajo.
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From 1997-1999, Yeo served as a deputy assistant secretary at the U.S. State Department, where he led the negotiations around repayment of the U.S. arrears to the United Nations and was part of the U.S. delegation to the climate negotiations in Kyoto.
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Greece will get most of the next installment in June to redeem bonds held by the European Central Bank and repay IMF loans, as well as to clear arrears in government payments to the private sector, with the rest paid after the summer.
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When he formally assumed the speakership in January 212, Hubbard lost his private-sector job and was left with a handful of struggling businesses in Auburn, one of which was in arrears on its payroll taxes and on the brink of bankruptcy.
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Loans in arrears for 90 days or more, a benchmark for delinquencies, fell to the equivalent of 2.9 percent of Caixa's outstanding loans in December, compared with 13 percent in the third quarter and 3.6 percent in the fourth quarter of 2015.
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With about a 70 percent share in the domestic retail market, PPC has struggled to shore up its finances, saddled with more than 2.4 billion euros of arrears from bills left unpaid during the country's debt crisis, which began in late 2009.
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Among the non-recurring revenue sources, Fitch highlights the issuance of debentures linked to the flow of taxes in arrears and bus concessions, which may not be sufficient to cover for the relevant financial shortfall in the pension scheme expected for 2016.
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Under Article 19 of the United Nations Charter, if a member is in arrears in an amount that equals or exceeds the assessment due for the previous two years, that member could forfeit its General Assembly vote unless there are extenuating circumstances.
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The percentage of all bank loans and leases in arrears was just 22012% at the end of June, down from 231% at the same point in 2018 and a record high of 7.40% in March 2010 in the aftermath of the last recession.
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Ncube, speaking to Reuters on the sidelines of a World Economic Forum on Africa conference in Cape Town, said Zimbabwe would "cast the net wide", from G7 countries to banks, to secure the bridging loans it would need to pay off those arrears.
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The proportion of residential investment property loans in arrears over 90 days also fell for the second quarter in a row, having risen unexpectedly to the highest level in more than a year last June, the data from Ireland's central bank showed.
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Ultimately, such attempts to bar the electronic monitoring of activities that occur in the open — such as the catcher's signal for the next pitch — are expensive, destined to leave policing in arrears of the latest technology and "doomed to failure," Klein said.
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In order to address the country's economic slowdown, President Edgar Lungu said last year that his government would seek to reduce its domestic arrears and maintain debt within sustainable levels, having already delayed the receipt of loans totaling $2.6 billion contracted in 2018.
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This mainly includes the Regional Liquidity Fund (FLA), which was established in 2012 by the central government to support Spanish regions facing difficulties in accessing capital markets; and the Supplier's Fund (FFPP), a mechanism implemented to help regions pay their arrears to suppliers.
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MANILA (Reuters) - The Philippines on Thursday said it would accept the first 3.5-billion-peso ($69-million) installment of Mighty Corp's hefty unpaid tax bill, but had not settled arrears with the cigarette maker sought to be acquired by Japan Tobacco Inc.
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In a story quoting John Mangudya, the governor of Zimbabwe's central bank, the Financial Times reported on Wednesday that the African Export-Import Bank was arranging a seven-year loan of $986 million so Zimbabwe could pay back arrears to the World Bank.
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"Careful prioritisation and implementation of expenditures will be required to ensure that spending does not exceed available resources and to avoid domestic arrears accumulation," IMF deputy managing director Min Zhu said in a statement after the conclusion of a country review for Tanzania.
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The state-run company, which is responsible for oil production that provides the bulk of government revenues, has rarely paid on time and faced an even bigger challenge after the 2014 oil price slump, which led to a sharp rise in its arrears.
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In a statement, the union said it was responding to issues that were "critical to the survival of the oil and gas industry in the country" including joint venture funding and cash call arrears, which it said had stalled the creation of new jobs.
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Greece and its euro zone lenders reached an agreement on Monday which will pave the way for unlocking more than 5 billion euros that the crisis-hit country needs to cover debt repayments maturing in June and July and to pay off state arrears.
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Child Support: $500 — $400 current and $100 in arrears — for three kids ages 9, 13, and 17 Monthly ExpensesMortgage: $303,414, including insurance and taxesCar Payment: $450Auto Insurance: $135 for two cars (My 17-year-old son drives)Cell Phone: $240Cable & Wi-Fi: $91Electric: $290.
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In Uttar Pradesh, top producers such as Mawana Sugars Ltd , Bajaj Hindusthan Sugar Ltd and Simbhaoli Sugars Ltd, as well as unlisted Modi Sugar Mills, Wave Industries and Yadu Sugar Ltd, owe the bulk of arrears to farmers, according to the industry and government sources.
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The data, though two months in arrears, is considered a critical indicator for traders and analysts trying to understand how quickly a years-long shale boom will begin to bust and help reverse a global glut that has sent prices to nearly 13 year-lows.
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NEW DELHI/MUMBAI, April 11 (Reuters) - India's money-losing sugar mills have run up a record $13 billion in arrears to 50 million cane farmers, who have gone unpaid for their produce for more than a year, industry and government sources said on Thursday.
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Sallas said improving trends in the formation of new bad loans continued in the first quarter, expecting the group to lower its ratio of non-performing loans — credit in arrears for more than 90 days — to below 17 percent of its book by 2018.
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"We believe that the mortgage-to-rent scheme will play an important role in the resolution of long-term mortgage arrears, reducing potential repossessions and thereby limiting the need for additional state housing," Diarmaid Sheridan, an analyst at Davy Stockbrokers, wrote in a note.
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This isn't the first time Kelly, who was born in Illinois, has been in hot water in the state — he is currently risking eviction at his Chicago music studio for owing $80,800 in arrears to the company that owns the building, according to the Blast.
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"If the offered exposure is cleaned up, the ratio of corporate non-performing loans will fall to around 10 per cent and that of loans in arrears of more than 90 days to around 5 per cent by the end of 2017," it said.
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The ministry of human resources in April said that China would need to resettle about half a million workers that lose jobs in the coal and steel sectors this year and will speed up development of a "black list" system for firms with wage arrears.
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As The Economist went to press, he was hoping to finalise a deal to borrow about $215 billion to pay off Zimbabwe's arrears to the World Bank, the IMF and the African Development Bank, which in turn could then start lending to Zimbabwe again.
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The bank, which is 2.4 percent owned by Greece's HFSF bank rescue fund after its recapitalisation late last year, said loans in arrears for more than 90 days dropped to 34.8 percent of its loan book from 35.2 percent in the last quarter of 2015.
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El Salvador's fiscal deficit fell to 2.5% of GDP in 2016 from 3.3% in 2015 partly as result of fiscal restraint and relatively buoyant tax revenues, which grew by an estimated 6% in 2016, although there was some build-up of government arrears as well.
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BRUSSELS (Reuters) - The euro zone bailout fund ESM decided on Friday to hold off the disbursement of a 1 billion euro loan tranche for Greece to wait for confirmation from Athens it fulfilled the condition of arrears clearance for the release of the money.
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Passing the reforms before the Eurogroup meeting on May 24, is a demand of international lenders to wrap up the review which will unlock the next tranche of funds that Athens will use to pay IMF loans, state arrears and ECB bonds maturing in July.
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BRUSSELS (Reuters) - The euro zone bailout fund ESM released on Tuesday a 2.8 billion euro loan tranche to Greece, following a commitment made by euro zone finance ministers earlier this month which was conditional on an assessment of the clearance of net arrears by Greece.
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Sallas said that improving trends on bad loans continued in the first quarter and he expects the group to lower its ratio of non-performing loans (NPLs) — credit in arrears for more than 90 days — to less than 13 percent of its book by 2018.
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"Improvements in the business environment - policy predictability based on a strong dialogue with the private sector, regulatory reforms, timely payment of value-added tax (VAT) and other tax refunds, and eliminating domestic arrears — must be pursued with urgency," the IMF said late on Tuesday.
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Notes will mature on september 15, 2025 * Lpl financial holdings - notes to bear interest at rate of 5.750% to be paid semi-annually in arrears on march 15, sept 15 of each year, from sept 15, 2017 Source text for Eikon: Further company coverage:
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CAPE TOWN (Reuters) - Zimbabwe plans to start talks in early 2020 on clearing arrears on its international debt, Finance Minister Mthuli Ncube said, as it seeks to rebuild confidence in an economy ravaged by high inflation and shortages of hard currency and basic goods.
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Jonathan Kearns, head of the Reserve Bank of Australia's (RBA) Financial Stability Department, said on Tuesday that arrears on housing loans are likely to keep rising for a while longer, but should not pose a risk to financial stability as long as unemployment remains low.
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The amount of so-called buy-to-let loans in arrears rose to 15.2% in the second quarter from 14.6% in the first three months of the year when the quarterly rate rose for the first time since it peaked at 22.1% in 2014.
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DUBLIN, March 27 (Reuters) - The number of Irish homeowners in arrears for more than 90 days fell to 5.7% at the end of December from 5.9% three months earlier, the lowest level in nine years, data collected well before the coronavirus outbreak showed on Friday.
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Fitch estimates the general government deficit could increase to 5.6% of GDP, up from 4.8% in 103 and above the 4.1% 'B' category median reflecting tax reductions, weaker than anticipated economic performance, the payment of arrears worth 0.7% of GDP and setbacks to the subsidy reduction strategy.
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MUMBAI, June 29 (Reuters) - Sugar cane arrears in India have plunged to 42.3 billion rupees ($624.77 million) from a record 218 billion rupees last year, as a rally in the prices of the sweetener allowed mills to pay farmers stipulated prices, the government said on Wednesday.
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Ireland's economy has recovered rapidly since it emerged from an international bailout four years ago, but the legacy of the crisis is still evident in the 7.1 percent of homeowners whose mortgages remain more than 763 days in arrears, almost a decade after a property-market crash.
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"It has been a bumpy road since mid April but Greece can make it and not go bust until the end of May or early June by also using pension funds cash reserves and piling up state arrears if needed," a senior government official told Reuters.
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"Doing so in a timely fashion and avoiding the level of brinksmanship of the first half of 2015 would reduce the risk that Greece's economic recovery is undermined by a hit to confidence or by the Greek government building up arrears to conserve liquidity," Fitch said.
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Mortgage arrears have increased modestly from low bases in most markets - Western Australia has had more noticeable deterioration - and we expect this trend to continue in FY18 due in part to continued low wage growth and an increase in interest rates for some types of mortgages.
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BRASILIA/SAO PAULO, July 27 (Reuters) - Loans in arrears for more than 90 days in Brazil fell for the first time in a year in June, central bank data showed on Wednesday, after corporate and individual borrowers raced to renegotiate their debt amid rising borrowing costs.
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After struggling to repay arrears owed to its LNG suppliers and extending payment terms, Egypt recently embarked on a policy to defer about 20 contracted shipments initially scheduled for delivery this year to 2018, as rising domestic output began squeezing out demand for costly foreign imports.
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The ratings discount weaknesses in the debt structure, a high level of non-performing assets (36% of rent payments are in arrears by 103+days) and a weaker company profile assessment, with the portfolio's deteriorating asset quality and low level of investment constituting a long-term concern.
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DUBLIN, Jan 28 (Reuters) - The proportion of Irish residential investment property loans in arrears over 90 days inched back down in the third quarter after rising unexpectedly to the highest level in more than a year in the previous three months, central bank data showed on Tuesday.
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"To ensure inclusivity in economic growth, urgent reforms ought to be conducted on improving accessibility to credit for companies, in addition to a consistent plan by the government to clear arrears owed to the private sector," said Jibran Qureishi, regional economist for East Africa at Stanbic Bank.
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"While the economic outlook remains reasonable and household income growth is expected to pick up, the influence of at least some other drivers may not reverse course sharply in the near future, and so the arrears rate could continue to edge higher for a bit longer," said Kearns.
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The new government's focus on getting the economy back on track requires paying off the roughly $2 billion in arrears to international financial institutions such as the World Bank, African Development Bank (ADB), European Investment Bank (EIB) and the $53 billion it owes the Paris Club of sovereign nations.
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There will only be two left if Desseilles closes as a result of the December court order to rehire five of the workers it laid off in 2013, pay two-and-a-half years of salary arrears, plus an amount of compensation that has yet to be set.
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Nigeria offered more of a challenge after conceding the second goal and came close to reducing the arrears early in the second half when substitute teenager Rasheedat Ajibade burst down the left flank in impressive fashion only for Desire Oparanozie to just fail to connect with the cross.
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"We are now focusing on seeking any interest in the group's remaining assets whilst managing the impact of the closures on former employees, helping them prepare and submit claims for any arrears of wages, statutory notice entitlement and redundancy pay," joint administrator Neil Bennett said in a statement.
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There are 16 various reforms at different stages of completion, but the key ones were linked to the clearance of government arrears - the roll-out of a primary healthcare system and centralized healthcare procurement and the legal framework for non-performing loan resolution, in particular the household insolvency law.
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No timing for this given - Planned increase in sanctions for tax avoidance - Offer amnesty to people struggling to pay tax arrears - Abolish the 'Fornero' pension reform which raised the retirement ages and required future hikes, with the next one — to 23 years from 66 years and 5 months — due on Jan.
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The communique stated that "the meeting was satisfied on the new model of the new joint venture arrangement" put in place by the petroleum ministry and NNPC as well as the payment structure "to pay off the arrears of the old joint venture cash calls inherited by the new government".
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There are 16 various reforms at different stages of completion, but the key ones, officials said, were linked to the clearance of government arrears, the roll-out of the primary health care system and centralized health-care procurement and the legal framework for non-performing loan resolution, in particular the household insolvency law.
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BRASILIA/SAO PAULO, March 29 (Reuters) - Loans in arrears for 90 days or more in Brazil fell in February to their lowest level in eight months, a sign that declining borrowing costs and steps by commercial banks to refinance looming debt maturities are gradually easing the country's worst credit crunch in two decades.
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With a worsened financial situation, the family was told that December that its rent was too high and its arrears too steep to qualify for assistance from the Homelessness Diversion Units, so it was referred to the Neighborhood Association for Inter-Cultural Affairs, a nonprofit organization providing housing intervention and assistance services.
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