A/HRC/11/10 page 3 CONTENTS Paragraphs Page I. INTRODUCTION ............................................................................. 1-3 4 II. ACTIVITIES UNDERTAKEN ......................................................... 4 - 15 4 III. DEBT AND HUMAN RIGHTS: A CONCEPTUAL FRAMEWORK ................................................................................. 16 - 78 6 A. General ....................................................................................... 16 - 21 6 B. The definition of external debt and debt service ....................... 22 - 23 8 C. The relationship between debt and human rights ...................... 24 - 42 8 D. A human rights-based approach to external debt ...................... 43 - 49 14 E. Relevant international standards ................................................ 50 - 65 15 F. States’ obligations ..................................................................... 66 - 69 19 G. International financial institutions ............................................. 70 - 76 20 H. The principle of shared responsibility ....................................... 77 - 78 22 AREAS OF FOCUS FOR THE PERIOD 2009-2010 ....................... 79 - 90 22 A. Draft guidelines on foreign debt and human rights ................... 80 - 82 22 B. Trade and debt ........................................................................... 83 - 86 23 C. Creditor co-responsibility and illegitimate debt ........................ 87 - 90 23 V. CONCLUSIONS AND RECOMMENDATIONS ............................ 91 - 99 24 IV.