March 2006. The English translation was provided by Xxxxx Xxxxx for MR Xxxx From 2002 the economic situation meant that large numbers of people moved from the formal economy to the informal economy. In Caracas over 1.5m people were classified as such in 2002, and this have reduced by half over the proceeding 5 years. The oil income has given the Venezuelan Government the opportunity to pay off its international debt to the IMF and the World Bank. This was completed in 2007. The President stated: 'With this last payment (to the World Bank), paying off the debt that was almost 3 billion dollars in 1998, I can say to them today that we don't owe a cent of debt either to the International Monetary Fund or to the World Bank,' he exclaimed. Background Information Xxxx Xxxxxx Xxxxxx Xxxxx; born July 28, 1954 is the 53rd and current President of Venezuela. As the leader of the "Bolivarian Revolution", Xxxxxx is known for his democratic socialist governance, his promotion of Latin American integration, and his criticism, which he terms anti-imperialism, of neoliberal globalization and United States foreign policy. A career military officer, Xxxxxx founded the leftist Fifth Republic Movement after a failed 1992 coup d'état. Xxxxxx was elected President in 1998 on promises of aiding Venezuela's poor majority, and reelected in 2000. Domestically, Xxxxxx has launched Bolivarian Missions to combat disease, illiteracy, malnutrition, poverty, and other social ills. Abroad, Xxxxxx has acted against the Washington Consensus by supporting alternative models of economic development, and has advocated cooperation among the world's poor nations, especially those in Latin America. Xxxxxx has been severely criticized, mostly by Venezuela's middle and upper classes. He has been accused of electoral fraud, severe human rights violations, assaulting democracy in favor of dictatorship, and political repression, and has survived both a brief 2002 coup and a failed 2004 recall referendum. Achievements of President Xxxxxx’x ‘missions’ Oil profits — approximately $25 billion in 2004 — have subsequently allowed the Xxxxxx administration to inject massive amounts of capital into various new social programs; these take the guise of the Bolivarian "Missions".
March 2006. 13,700,624.33 March 2009..................... 0.00 April 2006..................... 12,527,012.33 April 2009..................... 0.00 May 2006....................... 11,408,855.21 May 2009....................... 0.00 June 2006...................... 10,345,857.46 June 2009...................... 0.00 July 2006...................... $ 9,337,661.70 July 2009...................... $ 0.00 Schedule C The YSOA has been calculated for each Payment Date as the sum of the amount for each Receivable equal to the excess, if any, of o the scheduled payments due on such Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at the APR of such Receivable, over o the scheduled payments due on the Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at 6.0%. For purposes of such calculation, future scheduled payments on the Receivables are assumed to be made on their scheduled due dates without any delays, defaults or prepayments. Schedule C EXHIBIT A Form of Distribution Statement to Noteholders --------------------------------------------- DaimlerChrysler Services North America LLC DaimlerChrysler Auto Trust 2003-A Payment Date Statement to Noteholders ------------------------------------------------------------------------------ Amount of Principal Paid to:
