Debt Management site closes...

The World Association of Debt Management Offices (WADMO), an organization that manages billions of dollars of government debt, had its web site www.wadmo.net shut down after failing to pay the annual $35 web address registration fee. The domain name expired on Jan. 15th. Cecilia Mendoza, of the Wadmo secretariat in the PhilippinesTreasury, said Wadmo planned to renew the address but had been held up because it was cutting ties with the UN's UNCTAD agency, and transferring the body's duties to different officials. "It's because we couldn't even withdraw money, because the (new) signatories are not yet authorised," Mendoza told Reuters by telephone from Manila. Wadmo's members span Africa, Asia, the Middle East, EasternEurope and South America, and include state debt management offices in Russia, Nigeria, Indonesia, and Romania, according to a cached version of Wadmo's Web site. I believe the site is back up and running but I am LQTM (laughing quietly to myself).