A/HRC/11/L.11 page 24 and constitutes one of the principal obstacles to achieving progress in people-centred sustainable development and poverty eradication and that, for many developing countries and countries with economies in transition, excessive debt servicing has severely constrained their capacity to promote social development and to provide basic services to realize economic, social and cultural rights, Expressing its concern that, despite repeated rescheduling of debt, developing countries continue to pay out more each year than the actual amount they receive in official development assistance, Affirming that debt burden further complicates the numerous problems facing developing countries, contributes to extreme poverty and is an obstacle to sustainable human development, and is thus a serious impediment to the realization of all human rights, 1. Welcomes the report of the independent expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights (A/HRC/11/10); 2. Takes note with appreciation of the proposed elements for a conceptual framework for understanding the relationship between foreign debt and human rights, and encourages the independent expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of human rights, particularly economic, social and cultural rights to continue to develop them with a view to addressing the debt crisis in a just, equitable and sustainable manner; 3. Welcomes the areas of focus identified by the independent expert for the period 2009-2010, in particular the development of the draft general guidelines on foreign debt and human rights and the issue of illegitimate debt, and, in that regard, calls on the Office of the United Nations High Commissioner for Human Rights to assist the independent expert in the organization and holding of regional consultations on these issues, including through the allocation of sufficient budgetary resources;