Page 1

T H E

GDF 2011 draws on a database maintained by the World Bank External Debt (WBXD) system. Longer time series and more detailed data are available from the Global Development Finance 2011 on CD-ROM and the World Bank open databases, which contain more than 200 time series indicators, covering the years 1970 to 2009 for most reporting countries, and pipeline data for scheduled debt service payments on existing commitments to 2017.

Global Development Finance 2011: External Debt of Developing Countries is unique in its coverage of the important trends and issues fundamental to the financing of the developing world. This report is an indispensable resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community.

Further details about the GDF 2011 can be found at www.worldbank.org/data.

THE

ISBN: 978-0-8213-8673-6

World Bank open databases are available through the World Bank’s website, http://data.worldbank.org. The Little Data Book on External Debt 2011 provides a quick reference to the data from GDF 2011. For more information on the GDF database, CDROM, and print publications go to http://publications.worldbank.org/ecommerce/.

WORLD BANK

SKU 18673

B A N K

Global Development Finance External Debt of Developing Countries

2011

THE WORLD BANK 1818 H Street, NW Washington, DC 20433 USA Telephone: 202 477-1234 Facsimile: 202 477-6391 Web: www.worldbank.org

The database covers external debt stocks and flows, major economic aggregates, and key debt ratios, as well as average terms of new commitments, currency composition of longterm debt, and debt restructurings in greater detail than can be included in the GDF book. The CD-ROM also contains the full contents of the print version of GDF 2011. Text providing country notes, definitions, and source information is linked to each table.

External Debt of Developing Countries

lobal Development Finance 2011: External Debt of Developing Countries is a continuation of the World Bank’s publications Global Development Finance,Volume II (1997 through 2009) and the earlier World Debt Tables (1973 through 1996). As in previous years, GDF 2011 provides statistical tables showing the external debt of 128 developing countries that report public and publicly guaranteed external debt to the World Bank’s Debtor Reporting System (DRS). It also includes tables of key debt ratios for individual reporting countries and the composition of external debt stocks and flows for individual reporting countries and regional and income groups along with some graphical presentations.

Global Development Finance

G

W O R L D

2011


Global Development Finance

External Debt of Developing Countries


Global Development Finance

External Debt of Developing Countries

2011


Š 2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org

All rights reserved 1 2 3 4 13 12 11 10 This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.

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ISBN: 978-0-8213-8673-6 eISBN: 978-0-8213-8674-3 DOI: 10.1595/978-0-8213-8673-6 ISSN: 1020-5454


Table of Contents

Preface

vii

Acknowledgments

ix

Overview Financial Flows to Developing Countries: Trend in 2009 Recent Trends in Financing from Official Creditors Volatility in Private Debt Flows to Developing Countries Debt Indicators Regional Developments and Trends Annex A: Debt Restructuring in 2009

1

8 10 11 19

Summary Tables

21

Regional and Income Group Aggregate Tables

35

Country Tables Afghanistan Albania Algeria Angola Argentina Armenia Azerbaijan Bangladesh Belarus Belize Benin Bhutan Bolivia, Plurinational State of Bosnia and Herzegovina Botswana Brazil Bulgaria Burkina Faso Burundi

55 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92

1 4

Cambodia Cameroon Cape Verde Central African Republic Chad Chile China Colombia Comoros Congo, Democratic Republic of Congo, Republic of Costa Rica Côte d’Ivoire Djibouti Dominica Dominican Republic Ecuador Egypt, Arab Republic of El Salvador Eritrea Ethiopia Fiji Gabon Gambia, The Georgia Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras India Indonesia Iran, Islamic Republic of Jamaica Jordan

v

94 96 98 100 102 104 106 108 110 112 114 116 118 120 122 124 126 128 130 132 134 136 138 140 142 144 146 148 150 152 154 156 158 160 162 164 166 168


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

Kazakhstan Kenya Kosovo Kyrgyz Republic Lao People’s Democratic Republic Lebanon Lesotho Liberia Lithuania Macedonia, Former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Mauritania Mauritius Mexico Moldova Mongolia Montenegro Morocco Mozambique Myanmar Nepal Nicaragua Niger Nigeria Pakistan Panama Papua New Guinea Paraguay Peru Philippines Romania Russian Federation Rwanda Samoa São Tomé and Príncipe Senegal Serbia

vi

170 172 174 176 178 180 182 184 186 188 190 192 194 196 198 200 202 204 206 208 210 212 214 216 218 220 222 224 226 228 230 232 234 236 238 240 242 244 246 248 250

vi

Seychelles Sierra Leone Solomon Islands Somalia South Africa Sri Lanka St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Sudan Swaziland Syrian Arab Republic Tajikistan Tanzania Thailand Togo Tonga Tunisia Turkey Turkmenistan Uganda Ukraine Uruguay Uzbekistan Vanuatu Venezuela, República Bolivariana de Vietnam Yemen, Republic of Zambia Zimbabwe

252 254 256 258 260 262 264 266 268 270 272 274 276 278 280 282 284 286 288 290 292 294 296 298 300 302 304 306 308 310

About the Data Data Sources Methodology External Debt and Its Components Countries with Estimated Data

313 313 314 316 319

Country Groups

321

Glossary

323

Users’ Guide

327


Preface

T

he World Bank’s Debtor Reporting System (DRS), from which the aggregates and country tables presented in this report are drawn, was established in 1951. The debt crisis of the 1980s brought increased attention to debt statistics and to the World Debt Tables, the predecessor to Global Development Finance. Now the global financial crisis has once again heightened awareness in developing countries of the importance of managing their external obligations. Central to this process is the measurement and monitoring of external debt stocks and flows in a coordinated and comprehensive way. The initial objective of the DRS was to support the World Bank’s assessment of the creditworthiness of its borrowers. But it has grown as a tool to inform developing countries and the international community of trends in external financing and as a standard for the concepts and definitions on which countries can base their own debt management systems. Over the years, the external financing options available to developing countries have evolved and expanded, and so too has the demand for timely and relevant data to measure the activity of public and private sector borrowers and creditors. Recurrent debt crises caused by adverse global economic conditions or poor economic management have demanded solutions, including debt restructuring and, in the case of the poorest, most highly indebted countries, outright debt forgiveness, formulated on the basis of detailed and robust information on external obligations.

Steps are continuously being taken to ensure that the data captured by the DRS mirror these developments and respond to the needs of debt managers and analysts. In this context, reporting requirements are periodically amended to reflect changes in borrowing patterns. Many developing countries increasingly rely on financing raised in domestic markets, so we are exploring ways to expand the coverage of public sector borrowing in domestic markets. At the same time, we are mindful that expanded coverage and efforts to enhance data accuracy and timeliness must be balanced against the reporting burden imposed on developing countries. Bringing modern technology to bear reduces reporting costs. In partnership with the major providers of debt data management systems to developing countries, the Commonwealth Secretariat (COMSEC) and the United Nations Conference on Trade and Development (UNCTAD), we have established standard code and system links that enable countries to provide their DRS reports electronically, in a seamless and automated data exchange process. We recognize that robust debt data and good debt management go hand in hand, and the World Bank, together with its partners, is committed to improving the capacity of developing countries to manage their debt. We are also committed to maintaining the DRS as a rich source of information. All the relevant data and information are available to you from the World Bank’s Open Data site at http://data.worldbank.org/. We welcome your comments and suggestions to ensure that our data meet your needs. Shaida Badiee Director, Development Data Group


Acknowledgments

T

his volume and its companion volume, The Little Data Book on External Debt, were prepared by the Financial Data Team of the Development Data Group (DECDG), led by Ibrahim Levent under the supervision of Eric Swanson and Neil James Fantom, and comprising Nanasamudd Chhim, Shelley Fu, Akane Hanai, Hiroko Maeda, Gloria Moreno, Evis Rukaj, Yasue Sakuramoto, Makiko Sano, Rubena Sukaj, Alagiriswamy Venkatesan, and Mizuki Yamanaka, working closely with other teams in the Development Economics Vice Presidency’s Development Data Group. The team was assisted by Awatif H. Abuzeid, Rosario Alipio, and Premi Rathan. The system support team was led by Abdolreza Farivari; Soong Sup Lee provided the macroeconomic data, and the Migration and

Remittances unit provided worker remittances and compensation of employee data. The overview of current developments was prepared by Malvina Pollock in consultation with the staff of DECDG, and country economists reviewed the data. The work was carried out under the management of Shaida Badiee. The production of this volume was managed by Azita Amjadi, with the assistance of Alison Kwong and Vera Wen. The CD-ROM and online database were prepared by Buyant Erdene Khaltarkhuu and William Prince, with technical support from Shelly Fu, Vilas K. Madlekar, Abarna Gayathri Manickudi Panchapakesan, Sujay Ramasamy, and Malarvizhi Veerappan. The cover was designed by Jomo Tariku. Staff members from External Affairs coordinated the publication and dissemination of the book.

ix


.

Overview

Financial Flows to Developing Countries: Trend in 2009

I

nternational capital flows to the 128 developing countries reporting to the World Bank Debtor Reporting System (DRS) fell by 20 percent in 2009 to $598 billion (3.7 percent of gross national income [GNI]), compared with $744 billion in 2008 (4.5 percent of GNI) and a little over half the peak level of $1,111 billion realized in 2007 (table 1). Private flows (debt and equity) declined by 27 percent despite a rebound in bond issuance, portfolio equity flows, and short-term debt flows

(which were mostly trade related). Both foreign direct investment (FDI) flows and bank lending fell precipitously. By contrast, the net inflow of debt-related financing from official creditors (excluding grants) rose 175 percent as support was stepped up to low- and middle-income countries severely affected by the global financial crisis. Net equity inflows (direct investment and portfolio investment combined) totaled $462 billion in 2009, down 13 percent from the $534 billion total recorded in 2008 and close to 30 percent lower than the $643 billion total recorded in 2007

Table 1. Net Capital Inflows to Developing Countries, 2001–09 $ billions Inflows

Net private and official inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

597.8

212.6

154.4

262.4

342.2

464.8

610.2

1,110.5

743.9

Percentage of GNI

3.7

2.7

3.9

4.3

4.9

5.5

8.0

4.5

3.7

Net equity inflows

165.5

162.5

178.8

243.6

341.1

451.0

643.2

533.9

462.2

Net FDI inflows

158.8

154.3

152.5

206.7

273.6

343.3

508.1

587.1

354.1

6.7

8.3

26.3

36.9

67.5

107.7

135.1

�53.2

108.2

47.2

�8.1

83.6

98.6

123.7

159.2

467.3

209.9

135.5

Official creditors

31.0

6.7

�11.9

�24.1

�64.0

�69.6

0.0

27.8

76.4

World Bank

7.4

�0.5

�2.5

2.4

2.7

�0.2

5.2

7.3

17.7 26.5

Net portfolio equity inflows Net debt flows

IMF

19.5

14.2

2.4

�14.7

�40.2

�26.7

�5.1

10.0

4.1

�7.0

�11.8

�11.8

�26.6

�42.6

0.0

10.6

32.2

Private creditors

16.2

�14.8

95.5

122.7

187.7

228.8

467.3

182.1

59.1

Net medium- and long-term debt flows

�3.2

�1.7

38.3

69.8

113.2

144.9

283.1

196.1

52.7

15.5

11.1

23.1

34.3

48.2

31.7

88.2

24.1

51.1

Banks and other private creditors

�18.7

�12.8

15.2

35.5

65.0

113.2

194.9

172.0

1.6

Net short-term debt flows

19.4

�13.1

57.2

52.9

74.5

83.9

184.2

�14.0

6.4

�81.5

�165.3

�288.1

�395.3

�404.6

�634.2

�1,083.7

�452.7

�673.8

Other official creditors

Bonds

Change in reserves (� � increase) Memorandum items Official grants excluding technical cooperation

28.4

33.1

44.7

52.1

56.9

106.9

76.1

86.4

95.0

Worker remittances

93.8

109.9

136.8

158.6

190.6

225.3

277.2

323.5

305.2

Sources: World Bank Debtor Reporting System, IMF, Bank for International Settlements, and OECD. Note: Grants are World Bank staff estimates.

1


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

Figure 1. Net Equity Flows to Developing Countries, 2001–09

Figure 2. Net Foreign Direct Investment Inflows to Major Recipients, 2008–09

$ billions

$ billions

700

China

600

Russian Federation

500

Brazil

400

India

300 200

Mexico

100

Turkey

0

Kazakhstan

–100

Chile

2001 2002 2003 2004 2005 2006 2007 2008 2009 Net FDI inflows

0

Net portfolio equity inflows

50

100 2008

Sources: IMF and World Bank staff estimates.

150

200

2009

Sources: IMF and World Bank staff estimates.

(table 1 and figure 1). FDI inflows fell to $354 billion from $587 billion in 2008—the sharpest drop in 20 years, with all of the largest recipients of FDI seeing net inflows decline. China, the largest recipient of FDI inflows among developing countries, experienced a 47 percent drop in FDI inflows in 2009, to an estimated $78 billion, partly because of high disinvestment in the financial sector (figure 2). The story was repeated in other regions as multinational firms were hit hard by the global economic recession and financial crisis. Slower global growth squeezed their profitability, and economic uncertainty and weak global demand reduced their willingness (and ability) to expand abroad. Brazil and Mexico saw FDI inflows decline 42 percent and 51 percent respectively. Inflows to the Russian Federation were down 50 percent, and in Turkey they dropped by 56 percent. In India, the decline was more moderate (16 percent), and the same was true for Chile (down 16 percent) and, to a lesser extent, Kazakhstan (down 20 percent). In general, energy-oriented FDI was less affected because many companies with expertise in energy exploration still had strong cash positions, and falling prices of energy assets in developing countries raised investment attractiveness. As a result, countries such as Angola, Azerbaijan, the Islamic Republic of Iran, and Nigeria all recorded increased net FDI flows in 2009. In contrast to the fall in FDI inflows, portfolio equity inflows turned sharply positive in 2009, rising to $108 billion—a dramatic turnaround

2

Table 2. Net Inflows of Portfolio Equity: Top 10 Recipients $ billions Country

2005

2006

2007

2008

2009

Brazil

6.5

7.7

26.2

7.6

37.1

China

20.3

42.9

18.5

8.7

28.2

India

12.2

9.5

35.0

15.0

21.1

Indonesia

0.2

1.9

3.6

0.3

0.8

Mexico

3.4

2.8

0.5

3.5

4.2

Philippines

1.5

2.5

3.2

1.3

1.1

Russian Federation

0.1

6.5

18.7

15.0

2.0

South Africa

7.2

15.0

8.7

4.7

9.4

Thailand

5.1

5.2

4.3

3.8

1.9

Turkey

5.7

1.9

5.1

0.7

2.8

Sources: IMF and World Bank staff estimates.

from the net outflow of $53 billion in 2008, when investors retreated from stock holdings in emerging markets. Brazil recorded the strongest reversal, with an inflow of $37 billion in 2009 compared to an outflow of $8 billion in 2008. Other countries that saw an important reversal in portfolio flows in 2009 included China ($19 billion increase), India ($36 billion increase), Russia ($17 billion increase), and South Africa ($14 billion increase). Portfolio equity flows remain concentrated in 10 countries that typically account for about 90 percent of all portfolio equity flows to developing countries (table 2). Debt-related flows plummeted in 2009, falling by 35 percent to $136 billion ($210 billion in 2008), and their composition changed markedly.


O V E R V I E W

Medium- and long-term financing from official creditors accounted for 56 percent of debt-related flows, compared to just 13 percent in 2008. Debt inflows from official sources surpassed those from private creditors for the first time since 2002 (figure 3). The dominant element was new lending by multilateral creditors, including the International Monetary Fund (IMF). It constituted almost 90 percent of net inflows from official sources in 2009, reflecting increased support to low- and middle-income countries severely affected by the global financial crisis. The structure of inflows from private creditors in 2009 was markedly different from the pattern recorded in 2008. Net inflows on bonds rebounded following a resurgence of new issues by public sector and, to a lesser degree, corporate borrowers. Similarly, short-term flows returned to positive territory ($6 billion) after the $14 billion outflow of 2008—the only time there had been an outflow of short-term capital from developing countries since 2000. However, the net inflow of capital from banks and other private creditors, which held up reasonably well in 2008, collapsed in 2009 because of the combined effect of a sharp reduction in gross inflows and large payments by corporate borrowers (figure 4). At the regional level, the emerging market economies in Europe and Central Asia experienced the most pronounced drop in the net inflow

Figure 4. Net Private Debt Flows by Creditor Type, 2001–09 $ billions 250

200

150

100

50

0

–50

2001

2002

2003

2004

2005

2006

2007

2008

2009

Banks and other private

Bonds

Net short term debt flows

Source: World Bank Debtor Reporting System.

Table 3. Net Capital Inflows to Developing Regions, 2005–09 $ billions Inflows (by region)

2005

2006

2007

2008

2009

Net private and official inflows

465

610

1,111

744

598

East Asia and Pacific

171

192

282

183

191

Figure 3. Net Debt Flows by Creditor Type, 2001–09

Europe and Central Asia

128

218

411

262

90

$ billions

Latin America and the Caribbean

85

66

217

177

167

Middle East and North Africa

19

14

30

21

28

South Asia

29

77

118

62

77

Sub-Saharan Africa

33

43

53

39

45

500

400

Source: World Bank Debtor Reporting System.

300

200

100

0

–100

2001 2002 2003 2004 2005 2006 2007 2008 2009 Official creditors

Private creditors

Source: World Bank Debtor Reporting System.

of capital. Debt and equity flows combined fell 66 percent in 2009 to $90 billion, well below one-quarter of the amount received in 2007 (table 3). Net capital inflows to Latin America and the Caribbean also continued their downward trajectory in 2009 but declined only moderately, down 6 percent from their 2008 level. All other regions enjoyed an increase in net capital inflows in 2009. In the Middle East and North Africa and in South Asia, net capital inflows rose by 33 percent and 26 percent, respectively, driven by new borrowing 3


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

in the case of the former and almost entirely by portfolio inflows to India in the case of the latter. East Asia and the Pacific recorded a small (4 percent) rise in the net inflow of capital in 2009, with the sharp decrease in the net inflow of FDI offset by increased portfolio flows and by the rise in shortterm borrowing. In Sub-Saharan Africa, net capital inflows were up by 16 percent in 2009, primarily because of the turnaround in portfolio equity flows to South Africa. However, most countries in the region saw net capital inflows fall in 2009. When South Africa is excluded, the net inflows of capital to Sub-Saharan Africa were 11 percent lower than the comparable figure for 2008.

Recent Trends in Financing from Official Creditors

N

et inflows of capital from official creditors (loans and grants) were estimated at $171 billion in 2009, an increase of about 50 percent over the comparable figure for 2008 (table 4). This increase was driven mostly by the rapid rise in the net inflow of medium- and long-term loans from the IMF and the multilateral development banks, reflecting the decision made at the Group of 20 London Summit in April 2009 to accord these institutions a central role in crisis response for developing countries (table 4). The net inflow of capital from bilateral creditors turned positive for the first time since 2000, in large measure because of increased South-South lending. Most Organisation for Economic Co-operation and Development (OECD) countries provided a large share of their bilateral assistance in the form of official grants, particularly to low-income countries with little

or no access to market-based financing. Official grants data for 2009 to be published by OECD in December 2010 are expected to show that grants (excluding technical cooperation grants) rose by an additional 10 percent in 2009, reflecting donors’ commitment to a substantial increase in official development assistance (ODA) to help developing countries, particularly those of SubSaharan Africa, achieve internationally established development objectives, including the Millennium Development Goals (MDGs). The recent shift from grants to loans in financing from official sources is significant. In 2007, grants constituted almost 100 percent of the combined net inflows of loans and grants from official bilateral and multilateral sources. By 2009, grants, as a share of the net inflow of official financing (loans and grants), are estimated to have fallen to 55 percent. By contrast, net official financing provided by multilateral institutions (including the IMF and grants from IDA), rose from $11.4 billion in 2007 to $70.8 billion in 2009. In parallel, middle-income countries significantly increased their share of official financing; in 2009, they received 90 percent of net official loan financing ($68 billion). The level and composition of new commitments in 2009 by the multilateral institutions suggest this trend will continue. These institutions increased their 2008 level by more than 65 percent to $102 billion, with 93 percent directed to middle-income countries. The gross inflow of capital from multilateral institutions (defined as IMF purchases and disbursements from multilateral creditors) increased 113 percent since 2007 to reach $98 billion in 2009. The dominant factor behind this rapid rise was the amount of member countries’ purchases

Table 4. Net Official Financing to Developing Countries, 2001–09 $ billions Financing

2001

2002

2003

2004

2005

2006

2007

2008

2009

Total

59.3

39.8

32.8

28.0

7.1

37.4

76.1

114.2

171.4

Official grants

28.4

33.1

44.7

52.1

56.9

106.9

76.1

86.4

95.0

IDA

0.0

0.3

0.4

1.1

1.2

1.2

1.9

2.1

2.5

Loans

31.0

6.7

11.9

24.1

64.0

69.6

0.1

27.8

76.4

Bilateral

3.6

8.5

13.9

12.3

31.5

46.2

11.4

2.5

5.6

Multilateral

34.6

15.2

1.9

11.8

32.5

23.4

11.4

30.3

70.8 11.3

IBRD

2.4

6.0

7.6

4.0

2.9

5.2

0.3

2.7

IDA

5.0

5.5

5.0

6.4

5.6

5.0

5.5

4.6

6.5

IMF

19.5

14.2

2.4

14.7

40.2

26.7

5.2

9.9

26.5

Sources: World Bank Debtor Reporting System and OECD. Note: Grants are World Bank staff estimates.

4


O V E R V I E W

from the IMF; it increased 14-fold to $28.3 billion in 2009 ($2 billion in 2007). Disbursements from the World Bank (the International Bank for Reconstruction [IBRD] and the International Development Association [IDA]) rose 73 percent over this period, and this trend was also mirrored in the increased level of lending by the regional development banks. Collectively, their disbursements have risen 54 percent since 2007 (figure 5). The Bretton Woods institutions (IMF, IBRD, and IDA) are the most important source of multilateral financing to developing countries around the globe. Together they accounted for 60 percent of gross disbursements from multilateral sources in 2009, up from 44 percent in 2007. However, the regional development banks are a critical component of multilateral financing and are frequently the principle source of such financing in the regions they target. For example, the Inter-American Development Bank (IDB) accounted for 48 percent of disbursements by multilateral creditors to countries in Latin America and the Caribbean in 2008–09. The World Bank (IBRD and IDA combined) share accounted for 40 percent. Disbursements by the Asian Development Bank were equivalent to 43 percent of disbursements from multilateral creditors to countries in South Asia in 2008–09, almost the same share of the total as that of IBRD and IDA combined. (See the section titled “Regional Developments and Trends” for a

Figure 5. Gross Inflows from Multilateral Creditors to Developing Countries, 2005–09

more extensive discussion on the composition of lending by multilateral creditors.) Every developing country that reports to the DRS indicates some inflow of capital from multilateral sources. However, multilateral lending is concentrated in a relatively small number of countries in each region—particularly in the case of the IMF, whose lending patterns are dictated by the balance of payment needs of its member countries. In 2009, 67 percent of IMF purchases were attributable to just three countries: Romania (33 percent), Ukraine (22 percent), and Pakistan (12 percent). All regions have seen a rise in multilateral financing since 2007, but two regions, Europe and Central Asia and Latin America and the Caribbean, have been the primary beneficiaries (figure 6). Together they accounted for 62 percent of gross inflows from multilateral institutions in 2009, up from 52 percent in 2008. This gain came at the expense of other regions, which all saw their share of gross multilateral inflows decline in 2009. South Asia was the most affected: its share fell by more than 6 percentage points to 12.2 percent in 2009 (figure 7). Financing from the World Bank Group takes a variety of forms: loans and guarantees from IBRD and loans, grants, and guarantees from IDA to the public sector of the borrowing country; loans and equity financing from IFC to the private sector; and investment guarantees from the Multilateral Investment Guarantee Agency (MIGA). Financing by Figure 6. Disbursements from Multilateral Sources by Region, 2008–09 $ billions

$ billions

40

45

35

40

30

35

25

30

nd ta

an

Ea s

ha r M

id

dl e

Sa 2009

Source: World Bank Debtor Reporting System.

5

N Af ort ric h a

a ric Af

As th

2008

Other multilateral

Source: World Bank Debtor Reporting System.

Ea

Am tin

2009 IDA

er ic a C an ar d ib th be e st an As ia an d Pa ci fic

C d an

2008

IBRD

La

2007

IMF

pe

2006

ro

2005

Eu

0

b-

0

5

Su

5

10

So u

10

15

en As tral ia

15

20

ia

20

25


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

Figure 7. Disbursements by Multilateral Creditors, Regional Distribution $ billions a. Share of 2008 disbursements (%) b. Share of 2009 disbursements (%) 10.4

9.8

12.7

10.4

12.2 18.5 26.2

5.8

35.2

6.1 26.1

26.6

East Asia and Pacific

Europe and Central Asia

Latin America and the Caribbean

Middle East and North Africa

South Asia

Sub-Saharan Africa

in 2009 over the comparable figure for 2008. The region received almost half of IBRD disbursements in 2009. IBRD disbursements to countries in Europe and Central Asia rose 65 percent in 2009 to $4.7 billion compared to a moderate, 16 percent increase in countries in East Asia and the Pacific to $3.7 billion. The three remaining regions combined received $3 billion in IBRD disbursements in 2009 (13 percent of the total), exceeding the comparable figure for 2008 by 55 percent (figure 8). Like commitments, IBRD disbursements are heavily concentrated, with one country, Mexico, accounting for 22 percent of IBRD disbursements in 2009 and the top 10 borrowers accounting for 76 percent (figure 9). The total amount of debt Figure 8. IBRD Disbursements, Regional Distribution, 2008–09

Source: World Bank Debtor Reporting System.

the World Bank Group is captured in the data presented in Global Development Finance as follows:

$ millions 12,000 10,000

• Loans from IBRD and IDA constitute part of the borrowing country’s public and publicly guaranteed debt and are also separately identified by source. • Loan financing from IFC is recorded as part of private, nonguaranteed debt. Grants provided by IDA are recorded in official grants. Equity financing from IFC and investments guaranteed by MIGA are recorded as part of FDI. • IBRD and IDA guarantees do not represent financing and are recorded only as a flow of funds if the guarantee is invoked.

8,000 6,000 4,000 2,000 0

Latin America and the Caribbean

Europe and Central Asia

East Asia and Pacific

2008

Other regions

2009

Source: World Bank Debtor Reporting System.

Figure 9. Top 10 Recipients of IBRD Disbursements, 2009

Trends in IBRD Financing In 2009, IBRD commitments totaled $36 billion, a 75 percent increase over the comparable figure for 2008 and the highest ever recorded in the institution’s history. This total reflected a surge in new loans to borrowers across all regions. The countries of Latin America and the Caribbean and of Europe and Central Asia commanded 60 percent of new IBRD loan commitments in 2009, but India was the single largest recipient, securing $5.8 billion. IBRD commitments remained concentrated: 10 borrowers accounted for 75 percent of new IBRD loans in 2009. Disbursements by IBRD jumped 61 percent in 2009 to $22 billion. The countries of Latin America and the Caribbean saw a 90 percent increase in IBRD disbursements

6

$ millions Mexico Turkey Indonesia India Colombia China Brazil Argentina Romania Egypt, Arab Rep. 0

1,000

2,000

3,000

4,000

Source: World Bank Debtor Reporting System.

5,000

6,000


O V E R V I E W

outstanding and disbursed to IBRD stood at $108 billion at the end of 2009 for countries reporting to the World Bank Debtor Reporting System.1 Of this amount, 54 percent was owed by six borrowers: in order of highest amount, China, Mexico, Brazil, Turkey, India, and Indonesia.

Trends in IDA Financing IDA resources are reserved for the world’s poorest countries, and its operations are concentrated in South Asia and Sub-Saharan Africa. New loan commitments from IDA rose 15 percent in 2009 to $10.4 billion, but gross disbursements increased more rapidly, by 26 percent to $8.7 billion. In addition, IDA disbursed $2.5 billion in grants in 2009, an increase of 19 percent over the comparable figure for 2008 ($2.1 billion). Countries in Sub-Saharan Africa received 46 percent of all IDA gross disbursements (loans and grants) in 2009, down from 51 percent in 2008; South Asia received 31 percent (up from 27 percent the previous year), reflecting increases in IDA resources going to Afghanistan and Pakistan. The share of IDA gross disbursements to East Asia and the Pacific remained largely unchanged at 14 percent of the total. Gross IDA flows to countries in regions other than those cited increased sharply, albeit from a small base, primarily because of the doubling of IDA grants to Haiti (figure 10). IDA resources are allocated to individual countries using a performance-based allocation system that

Figure 10. Gross Inflows (Loans and Grants), 2008–09 $ millions

accounts for the size of the population and GNI per capita. IDA recipient countries in the top performance quintile receive about three times the commitment amount per capita received by those in the lowest quintile. At the same time, the distribution of IDA resources is relatively concentrated. There are currently 79 IDA-eligible countries, but 75 percent of gross IDA disbursements in 2009 went to 10 countries (figure 11). The outstanding IDA loan portfolio ($117 billion at the end of 2009) is heavily concentrated, with five East and South Asian countries accounting for 54 percent of the total: in order of highest amount India, Bangladesh, Pakistan, China, and Vietnam. This concentration is a consequence of the fact that, at the end of 2009, 26 countries, primarily in Sub-Saharan Africa, had reached the Highly Indebted Poor Country (HIPC) completion point and received $42.8 billion in HIPC and Multilateral Debt Relief Initiative (MDRI) assistance from IDA. Among Sub-Saharan African countries, those with the largest share of the outstanding IDA portfolio include Kenya ($3.2 billion) and Nigeria ($2.7 billion), neither of which is eligible for HIPC or MDRI relief. Three countries (Burundi, the Central African Republic, and Haiti) reached the HIPC completion point in 2009 and became eligible for debt relief under the MDRI. Côte d’Ivoire reached the HIPC decision point in 2009 and became eligible for interim relief from IDA (accorded to countries between the HIPC

Figure 11. Top 10 Recipients of Gross IDA Disbursements (Loans and Grants), 2009 $ millions

6,000 India

5,000

Vietnam Pakistan

4,000

Ethiopia

3,000

Tanzania

2,000

Nigeria Uganda

1,000

Congo, Dem.Rep.

0

Sub-Saharan Africa

South Asia 2008

East Asia and Pacific

Other regions

Bangladesh Afghanistan

2009

Source: World Bank Debtor Reporting System.

0

200

400

600

800

Source: World Bank Debtor Reporting System.

7

1,000 1,200 1,400


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

decision and completion points), raising the number of countries receiving interim relief to nine.

Figure 12. Net Medium- and Long-Term Bank Lending, 2007–09 $ billions 140

Volatility in Private Debt Flows to Developing Countries

120 100

T

he global financial crisis severely reduced developing countries’ access to international capital markets: countries reporting to the World Bank DRS confirmed a substantial reduction in debt flows from private creditors. These flows fell 70 percent in 2009 to $59 billion, one-eighth of the $467 billion net inflow from private creditors in 2007. Driving the downturn in 2009 was the collapse in medium-term commercial bank lending to both public and private sector borrowers. These flows all but disappeared in 2009, with the net inflows to all developing countries reduced to a mere $1.6 billion, compared to $172 billion in 2008. The decline was felt across all regions as banks remained cautious about their exposure to emerging market economies and continued to redress their balance sheets in the expectation of significant tightening in risk-weighted bank capital requirements. The most substantial fall from previous levels was in Europe and Central Asia, where concerns over mounting nonperforming loans and large domestic adjustments restrained both the demand for and supply of lending. The region saw net medium-term lending by banks plummet to $7 billion (down from $105 billion in 2008). Net private debt flows to Latin America and the Caribbean turned negative (−$6 billion) from an inflow of $41 billion the previous year. Bank lending to East Asia and the Pacific was also negative, but this effect was due more to lower demand than to limited supply (figure 12). With abundant domestic liquidity, borrowers in East Asia and the Pacific had less need to tap international markets. Developing countries’ private sectors had to absorb most of the impact of the downturn in bank financing. Over the past 15 years, the surge in medium-term bank lending to developing countries had been largely directed to private sector borrowers. Whereas in 1995 developing countries’ obligations to commercial banks were divided roughly equally between public and private sector borrowers, by the end of 2009 the latter’s share had risen to almost 90 percent of the total. Gross disbursements from commercial banks rose from

8

80 60 40 20 0 –20

East Asia and Pacific

Europe and Central Asia 2007

Latin America Other regions and the Caribbean 2008

2009

Source: World Bank Debtor Reporting System.

$107 billion to $444 billion between 2000 and 2008. Those directed to private sector borrowers increased fivefold from $80 billion to $412 billion and, as a share of the total, from 75 percent to 93 percent. Because maturities on medium-term bank loans typically averaged 5 years, principal repayments also followed a rapid upward trajectory. They jumped from $108 billion in 2000 to $278 billion in 2008, with repayments owed by private sector borrowers tripling over this period. In 2009, both public and private sector borrowers had to contend with a further 13 percent increase in principal payments, while gross disbursements to public borrowers fell by 20 percent and those to private sector borrowers by 30 percent (figure 13). Developing countries recorded only a small $6 billion net inflow of short-term debt in 2009, but this figure reflected a $20 billion turnaround from the $14 billion outflow recorded in 2008. However, recovery remained limited when viewed in the context of the $184 billion inflow of shortterm debt in developing countries in 2007. Moreover, the aggregate inflow in 2009 masks sharp disparity at the regional level in the direction of short-term debt flows. Short-term debt transactions are mostly trade related, and it is therefore not surprising that short-term financing in 2009 was directed primarily to the fastest-growing regions and away from those where the pace of economic recovery was sluggish. The main driver


O V E R V I E W

Figure 13. Gross Medium-Term Commercial Bank Flows to Developing Countries, 2000–09

Table 5. Net Short-Term Debt Flows to Developing Countries, 2007−09 $ billions

$ billions

Region

450 400 350

2007

2008

East Asia and Pacific

55

11

55

Europe and Central Asia

76

15

38

Latin America and the Caribbean

33

4

2

4

4

2

13

8

1

4

5

10

184

14

6

Middle East and North Africa South Asia

300

Sub-Saharan Africa

2009

250

All developing countries

200

Sources: World Bank Debtor Reporting System and Bank for International Settlements.

150

Table 6. Bond Issuance by Developing Countries, 2008–09

100

$ billions

50

Sovereign borrowers

0 2000

2005

2006

2007

2008

2009

Region

2008

2009

Corporate borrowers 2008

2009

Gross disbursements public borrowers

East Asia and Pacific

5.2

13.9

0.4

2.7

Gross disbursements private sector borrowers

Europe and Central Asia

17.9

15.3

16.3

3.2

Latin America and the Caribbean

27.8

Principal payments public borrowers Principal payments private sector borrowers

Source: World Bank Debtor Reporting System.

32.5

32.4

8.4

Middle East and North Africa

2.3

2.9

0.0

0.2

South Asia

0.0

0.7

0.6

2.5

Sub-Saharan Africa All developing countries

was East Asia and the Pacific, where the net inflow of short-term capital returned to pre-crisis levels. The region recorded inflows of $55 billion in 2009, the same as in 2007, and a $66 billion turnaround from outflows of $11 billion in 2008. Countries in the Middle East and North Africa also saw short-term debt rebound in 2009. All other regions had to contend with net outflows of short-term debt in 2009 (table 5). This situation was particularly marked in the case of Europe and Central Asia, where outflows rose to $38 billion, more than double the $15 billion outflow recorded in 2009. Short-term debt flows also turned sharply negative in Sub-Saharan Africa (−$10 billion), driven primarily by outflows from South Africa. International bond issuance by developing countries contracted in 2008 as the global financial crisis unfolded but increased strongly in 2009. It soared after the first quarter of the year to $104 billion for the entire year, an increase of 24 percent over its 2008 level, as investor confidence returned and demand for riskier assets increased. Emerging market bond spreads narrowed, falling to near pre-crisis levels by the year’s end, from an

0.0

2.2

0.0

0.0

57.9

67.4

25.7

36.4

Source: World Bank Debt Reporting System.

average of 700 basis points in early March. Latin America and the Caribbean led the way in sovereign bond issuances, with countries in the region raising a total of $32 billion in 2009, almost identical to the amount they raised in 2008 (table 6). Sovereign bond financing in East Asia and the Pacific jumped to $13.9 billion, from $5.2 billion in 2008, because of new issuances by Indonesia, Malaysia, and the Philippines. There was a 15 percent decline in sovereign bond issuance by countries in Europe and Central Asia in 2009, but Lithuania, Russia, and Turkey all came to the market in 2009. Corporate issuances increased by 42 percent in 2009 to $36.5 billion but were limited principally to high-grade borrowers, suggesting that the market is still largely closed to high-risk corporate borrowers. Corporate bond issuances, as a share of total bond issuances, were 35 percent in 2009, broadly unchanged from their share in 2008. But there was a marked regional shift. In 2008, Russian borrowers accounted for 56 percent of corporate bond issuances by all developing

9


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2 0 1 1

countries, whereas in 2009 their share had fallen to 6 percent. Of $2.3 billion raised by Russian corporates in 2009 most was accounted for by Gazprom. The opposite was true for Brazil, which saw its share of total bond issuances by corporate borrowers nearly double, reaching 47 percent in 2009 (from 26 percent in 2008). The corporate sectors in Chile, Colombia, Jamaica, and Mexico were also active in the bond markets in 2009. In East Asia and the Pacific, the only corporate borrowers to enter the bond markets in 2009 were those in China and Indonesia.

Figure 14. Key Debt Indicators: Trend 2000–09 140

120

100

80

60

40

Debt Indicators

20

E

xternal debt indicators (measured in terms of GNI) and export earnings improved markedly from the start of the decade until 2008, with the rate of growth in developing countries outpacing the accumulation of new external obligations. Export earnings rose sharply because of increased export volume and high international prices for primary commodities, which prevailed until the last quarter of 2008. The rotation of international capital flows from debt to equity and, in the case of low-income countries, the large-scale forgiveness of external debt obligations under the HIPC and MDRI also played an important role in reducing many countries’ external debt burdens. From 2000 to 2008, the ratio of total external debt outstanding to exports for all developing countries reporting to the DRS fell by well over half, from 128.4 percent to 58.7 percent. Measured against developing countries’ GNI, the ratio dropped from 37.8 percent to 20.6 percent over the same period. However, this trend came to an abrupt halt in 2009 as the impact of global economic and financial crisis manifested itself in slower growth and sharply reduced export earnings in the vast majority of developing countries. Export earnings were down almost 20 percent from their 2008 level, which, combined with increased external borrowing, pushed the ratio of total external debt outstanding to exports up to 74.6 percent, its highest level since 2005 and close to 30 percent higher than its 2008 level. The ratio of debt service to exports was similarly affected, increasing from 9.2 percent in 2008 to 11.3 percent in 2009. The change in the ratio of outstanding external debt to GNI was more moderate, but it also rose in 2009 (figure 14).

10

0 2000

2005

2007

2008

2009

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%)

Sources: World Bank Debtor Reporting System and IMF.

All regions saw their external debt ratios deteriorate in 2009, but the pace at which this took place varied considerably from region to region. The countries of East Asia and the Pacific and the Middle East and North Africa continued to have the lowest level of external debt, measured against both export earnings and GNI. In 2009, these countries experienced only a moderate increase in the ratio of external debt to export earnings and a marginal upward change in their external debt to GNI ratio. By contrast, in Europe and Central Asia, the most heavily indebted region, the ratio of external debt outstanding to GNI increased to 44.7 percent in 2009 (from 35.1 percent in 2008), over three times that of East Asia and the Pacific and nearly twice as high as Latin America and the Caribbean. Europe and Central Asia also has the highest ratio of outstanding debt to exports: 131.8 percent in 2009, up from 91.6 percent in 2008 (table 7). Over the course of the decade, there has been a marked improvement in the sustainability of developing countries’ debt, measured by the ratio of external debt service to export earnings. The ratio of debt service to exports for all developing


O V E R V I E W

Table 7. Debt Indicators for Regional Country Groups

Figure 15. Ratio of Debt Service to Exports, 1995–2009

percent

percent Debt outstanding/GNI

Debt outstanding/exports

Region

2000

2008

2009

2000

2008

2009

East Asia and Pacific

29.6

12.9

13.2

78.1

30.9

39.0

Europe and Central Asia

52.9

35.1

44.7

140.2

91.6

131.8

Latin America and the Caribbean

38.3

21.5

23.7

169.6

85.2

111.4

30

25

Middle East and North Africa

38.4

14.9

15.4

118.4

33.9

37.4

South Asia

26.7

20.8

20.7

181.5

87.4

104.4

Sub-Saharan Africa 66.0

21.4

22.9

185.2

49.0

66.5

20 15

10

5

Sources: World Bank Debtor Reporting System and IMF. 0 1995

countries combined was reduced by more than half between 2000 and 2008, from 20.9 percent to 9.2 percent. The improvement was particularly striking in the case of low-income countries, which saw the ratio of debt service to exports fall to 4.9 percent by 2008. In 2009, the sharp fall in export earnings interrupted the downward trajectory in the debt-to-export ratio, but the impact was most pronounced in middle-income countries. Their export earnings fell almost 20 percent in 2009, and as a consequence, the cost of debt service as a share of export earnings rose to 11.3 percent, an increase of 22 percent over the comparable figure for 2008. By contrast, in low-income countries, the decline in export earnings was much less (down 10 percent from their 2008 level) and the ratio of debt service to exports rose only marginally in 2009 to 5.1 percent (figure 15). Low-income countries also benefited from further debt restructuring and debt relief. In 2009, Paris Club creditors restructured $5 billion in claims on six low-income countries, of which $1.2 billion was canceled (see annex A). All six were countries eligible for the HIPC Initiative, and the group included the three countries that reached the HIPC completion point in 2009 (Burundi, the Central African Republic, and Haiti) and also qualified for debt relief under the MDRI. In addition, Liberia bought back $1.2 billion owed to private creditors at a discount of nearly 97 percent with support from the IDA Debt Reduction Facility and bilateral donors. Debt relief for the 26 countries that reached the HIPC completion point

2000

2005

Low-income countries

2006

2007

2008

2009

Middle-income countries

Sources: World Bank Debtor Reporting System and IMF.

by the end of 2009 totaled $101 billion, including debt relief under HIPC, MDRI relief, and additional debt relief from bilateral creditors. Consequently, these countries have seen a continual improvement in their debt indicators.

Regional Developments and Trends East Asia and Pacific Net capital flows to the region rose slightly in 2009 to $191 billion and remained constant, in terms of GNI (3.1 percent), at their 2008 level (table 8). A turnaround in portfolio equity flows and a rebound in short-term (trade-related) financing to pre-crisis levels offset the sharp fall in net FDI inflows and outflows for medium-term loans from commercial banks. Net equity flows fell by 26 percent in 2009, with the important turnaround in portfolio flows not large enough to offset the 45 percent reduction in FDI. China was the main driver for both categories of equity flows. The precipitous drop (47 percent) in FDI investment flows to China, the largest recipient of FDI among developing countries, dictated the regional trend. But the downturn was mirrored across the region, with only the

11


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2 0 1 1

Philippines recording increased FDI inflows—up 26 percent in 2009. In contrast, portfolio equity flows to China rebounded to $28 billion (from $9 billion in 2008). Thailand also saw portfolio equity rebound to $1.9 billion from an outflow of $3.8 billion in 2008. Net capital inflows from private creditors jumped to 11 times their 2008 level, with shortterm financing (mostly trade related) recovering to pre-crisis levels as the global economic environment normalized. Most borrowers in the region reported inflows of short-term debt, but China again dominated the trend: its net short-term debt inflows rose 28 percent over the 2008 level to $241 billion. Exceptions to the regional trend were the Philippines, with an outflow of short-term debt of $3 billion in 2009 and Indonesia, with a more moderate $0.4 billion outflow. In contrast, short-term debt disbursements on medium-term bank loans to both public sector and private sector borrowers were subdued: the demand for international financing was weak because domestic markets were liquid and cheap. These disbursements fell by 20 percent from their 2008 level and, combined with increased principal repayments, led to an outflow of $9.2 billion in 2009 compared

to an average inflow of $16.9 billion in the two preceding years. Asian borrowers took advantage of improved market conditions and renewed investor appetite, issuing bonds totaling $16.6 billion in 2009, triple the amount issued in 2008. Of these bonds, 85 percent were raised by public sector borrowers, with the Philippines, Indonesia, and Malaysia issuing $5.5 billion, $4.5 billion, and $3.9 billion respectively. Capital flows from official sources are a relatively small share of the total for most borrowers in the region. An important exception is Vietnam, which was the second-largest recipient of IDA in 2009, with disbursements of $1.2 billion. The region also shared in the resurgence of flows from official creditors in 2009: these flows turned positive for the first time since 2001, driven by disbursements from multilateral creditors, which rose 30 percent over their 2008 level as a result of increased lending by both the World Bank Group and the Asian Development Bank. These institutions provided 52 percent and 46 percent, respectively, of the $10.1 billion disbursed by multilateral creditors in 2009. The fall in export earnings led to an increase in the ratio of outstanding debt and debt service

Table 8. Net Capital Inflows to East Asia and the Pacific, 2001–09 $ billions Inflows

2001

2002

Net private and official inflows

2003

2004

2005

2006

2007

2008

2009

190.6

82.2

49.6

76.4

127.0

171.0

192.4

282.2

183.2

Percentage of GNI

4.6

2.5

3.4

4.9

5.6

5.3

6.1

3.1

3.1

Net equity inflows

50.7

63.2

69.3

89.7

130.0

161.9

212.2

179.3

132.3

Net FDI inflows

48.9

59.4

56.8

70.4

104.3

105.7

177.1

186.6

102.5

1.8

3.8

12.5

19.3

25.7

56.2

35.1

�7.3

29.9

31.5

�13.6

7.1

37.3

40.9

30.6

70.0

3.9

58.3

Net portfolio equity inflows Net debt flows Official creditors

3.1

�7.7

�7.2

�5.2

�3.2

�9.3

�3.8

�1.1

3.7

World Bank

0.9

�1.7

�1.5

�1.9

�0.6

�0.4

�0.3

1.2

2.2

�2.5

�2.7

�0.5

�1.6

�1.6

�8.5

0.0

0.0

0.1

4.7

�3.3

�5.2

�1.7

�1.0

�0.4

�3.5

�2.3

1.4

28.5

�5.9

14.3

42.5

44.2

39.9

73.9

5.0

54.5

�12.9

�12.3

�9.8

9.1

9.3

14.8

18.5

16.2

�0.8

0.4

0.1

1.8

9.6

10.1

3.9

0.7

0.2

8.4

Banks and other private creditors

�13.3

�12.4

�11.5

�0.5

�0.7

10.9

17.8

16.0

�9.2

Net short-term debt flows

41.4

6.5

24.1

33.4

34.8

25.1

55.4

�11.2

55.4

�49.8

�92.8

�139.8

�237.1

�217.7

�295.1

�541.0

�432.4

�534.8

21.0

27.0

32.3

40.0

50.3

57.4

71.1

85.5

84.9

IMF Other official creditors Private creditors Net medium- and long-term debt flows Bonds

Change in reserves (� � increase) Memorandum item Worker remittances

Sources: World Bank Debtor Reporting System, IMF, Bank for International Settlements, and OECD.

12


O V E R V I E W

to export earnings in 2009, but these ratios remain the lowest of all six regions at 39 percent and 4.8 percent, respectively. Led by China, countries in the region increased international reserves by a further $600 million in 2009: at the end of 2009, the stock of international reserves was three and onehalf times the level of outstanding external debt.

Europe and Central Asia This region has been severely affected by the global economic crisis and has seen private capital flows plummet from $411 billion in 2007 (15.8 percent of GNI) to $90 billion in 2009 (3.6 percent of GNI). As a consequence, the region has become increasingly dependent on financing from official creditors, which accounted for 36 percent of net capital flows to the region in 2009 (table 9). FDI collapsed in 2009, pulling down net equity inflows by 38 percent. In Russia, the second-largest recipient of FDI among developing countries, the net inflow of FDI was down by 50 percent from its 2008 level to $37 billion. The pattern was repeated across the region with inflows to Bulgaria, Romania, Turkey, and Ukraine down by a similar percentage. Among the major recipients of FDI, only Kazakhstan, where investments into

the hydrocarbon sector held up well, experienced a more moderate decline of inflows (20 percent). There was resurgence in portfolio equity inflows to Russia and Turkey, but at $5 billion they remained well below the $24 billion received in 2007. The net inflow of financing from official creditors tripled in 2009 to $32 billion, primarily because of the large-scale rescue packages for Romania and Ukraine. Together these countries received 55 percent of IMF financing (purchases) to developing countries in 2009. New commitments by multilateral creditors other than the IMF more than doubled in 2009 to $24 billion, including $7 billion from the European Community as part of the rescue package to Romania. Gross disbursement rose by 82 percent to $13.4 billion, of which 54 percent went to Romania and Turkey. Disbursements by IBRD rose 65 percent in 2009 to $4.7 billion, of which Turkey received 49 percent. The net inflow of medium- and long-term financing from banks held up well in 2008, but the retrenchment in 2009 was severe: a 35 percent drop in disbursements juxtaposed with principal repayments on a steep upward trajectory reduced

Table 9. Net Capital Inflows to Europe and Central Asia, 2001–09 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

Net private and official inflows

2009

20.6

36.9

81.6

99.9

127.8

218.3

410.6

262.3

Percentage of GNI

3.0

4.7

8.3

7.7

7.8

10.9

15.8

8.2

3.6

Net equity inflows

14.5

16.8

25.3

43.7

57.8

104.6

160.2

145.0

90.0

Net FDI inflows

13.9

14.0

23.8

41.9

51.1

92.3

133.2

160.1

85.1

0.6

2.7

1.5

1.8

6.7

12.3

27.0

�15.1

5.0

6.1

20.1

56.3

56.2

70.0

113.7

250.4

117.3

�0.3 32.2

Net portfolio equity inflows Net debt flows

89.8

Official creditors

6.6

3.8

�4.7

�7.3

�28.4

�30.7

�3.0

11.1

World Bank

2.0

1.0

�0.2

1.0

�0.7

0.2

0.2

0.7

2.8

IMF

6.1

4.8

�2.0

�5.9

�9.8

�5.8

�5.0

6.2

20.2

Other official creditors Private creditors Net medium- and long-term debt flows

�1.5

�2.0

�2.5

�2.5

�18.0

�25.1

1.8

4.2

9.3

�0.5

16.3

61.0

63.5

98.4

144.4

253.4

106.2

�32.5

0.3

14.9

34.5

52.1

80.1

108.9

177.7

121.5

5.2

�0.5

3.2

7.3

14.4

16.6

32.2

55.9

16.3

�1.6

Banks and other private creditors

0.8

11.7

27.2

37.7

63.5

76.7

121.8

105.2

6.8

Net short-term debt flows

�0.8

1.4

26.5

11.4

18.3

35.5

75.7

�15.3

�37.7

�11.0

�28.7

�49.1

�68.8

�87.0

�171.6

�226.1

57.8

�26.0

10.2

10.5

11.5

16.0

23.2

28.4

39.2

45.8

35.6

Bonds

Change in reserves (� � increase) Memorandum item Worker remittances

Sources: World Bank Debtor Reporting System, IMF, Bank of International Settlements, and OECD.

13


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F I N A N C E

2 0 1 1

net inflows to $7 billion, their lowest level since 2001. Short-term debt also contracted in response to the deteriorating terms of trade and sharp import compression, resulting in a widening of the net outflow of short-term debt to $38 billion in 2009, (from $15 billion in 2008). New bond issuances by public sector agencies in 2009 totaled $15.3 billion, down by only 15 percent from their 2008 level, but there was a sharp reduction in bond issuance by private sector borrowers. This reduction was driven primarily by Russia, where the corporate sector raised only $2.3 billion in new issuances in 2009 compared to $14.3 billion in 2008. Debt indicators deteriorated significantly, owing to a substantial increase in debt and generally poor export growth performance. The ratio of debt to exports increased from 95.3 percent in 2005 to 131.8 percent in 2009 while the ratio of debt service to exports climbed to 26.9 percent (from 19.7 percent in 2005), the highest ratio of any region.

Latin America and the Caribbean Net capital flows to the region fell 6 percent in 2009 but remained constant in relation to GNI at 4.3 percent (table 10). The downturn in medium-

and short-term bank financing was largely offset by a surge in new bond issuance, a tripling of net inflows from official creditors, and a marginal decline in net equity flows. The collapse in FDI in 2009 affected borrowers across the region and reflected the 43 percent fall in FDI inflows to Brazil and the 51 percent decline in Mexico, the region’s two largest recipients of FDI. Investments in the hydrocarbon sector typically held up worldwide in 2009, but that was not the case in the República Bolivariana de Venezuela, where appropriation of some FDI claims deterred investors and led to a $3.1 billion net outflow of FDI in 2009, a marked turnaround from the $10.1 billion and $3.5 billion FDI inflows to the country in 2007 and 2008, respectively. The decline in FDI inflows was in part offset by the surge in portfolio equity inflows. These inflows rebounded in response to economic recovery, which proceeded at a faster pace in the region than had been expected. The main driver was Brazil, with portfolio equity inflows of $37 billion in 2009, 90 percent of the regional total, in contrast to the $7.6 billion outflow in 2008. Mexico, the only other significant recipient of portfolio equity inflows also recorded a net inflow ($4.2 billion) in 2009 compared to a net outflow of $3.5 billion in 2008.

Table 10. Net Capital Inflows to Latin America and the Caribbean, 2001–09 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

Net private and official inflows

2008

2009

166.7

86.1

40.4

62.2

57.2

85.2

66.2

217.5

177.2

Percentage of GNI

4.5

2.4

3.4

2.7

3.3

2.2

6.1

4.3

4.3

Net equity inflows

74.3

56.6

46.6

65.3

84.4

83.0

138.2

118.2

115.2

Net FDI inflows

71.8

55.2

43.3

65.9

72.2

72.0

109.4

127.9

73.6

2.5

1.4

3.3

�0.6

12.2

11.0

28.8

�9.7

41.6

11.8

�16.2

15.7

�8.1

0.8

�16.8

79.2

59.0

51.5

Net portfolio equity inflows Net debt flows Official creditors

20.6

12.4

4.7

�10.2

�31.3

�19.9

�1.1

6.5

19.2

World Bank

1.3

�0.6

�0.4

�1.0

�0.7

�3.4

�0.1

2.4

6.6

15.6

11.9

5.6

�6.3

�27.6

�12.1

0.0

0.0

0.4

3.8

1.1

�0.4

�2.9

�3.0

�4.4

�1.0

4.1

12.2

�8.8

�28.6

10.9

2.0

32.2

3.1

80.3

52.5

32.3

6.5

�8.4

9.2

�0.9

16.4

5.2

47.6

48.4

34.1

9.8

1.9

16.7

3.1

20.6

�11.9

13.4

7.5

40.3

Banks and other private creditors

�3.3

�10.2

�7.5

�4.0

�4.2

17.1

34.2

40.9

�6.2

Net short-term debt flows

�15.3

�20.2

1.8

3.0

15.7

�2.1

32.7

4.1

�1.8

�0.9

�2.6

�35.6

�25.4

�34.4

�55.5

�137.8

�50.1

�52.0

24.4

28.1

36.7

43.3

50.1

59.2

63.1

64.6

56.9

IMF Other official creditors Private creditors Net medium- and long-term debt flows Bonds

Change in reserves (� � increase) Memorandum item Worker remittances

Sources: World Bank Debtor Reporting System, IMF, Bank for International Settlements, and OECD.

14


O V E R V I E W

Increased borrowing from multilateral institutions was already evident in 2008 and continued apace in 2009. This increase was the main factor in the sharp rise in net inflows from official creditors, which rose to $19.2 billion in 2009, close to three times higher than their 2008 level and in marked contrast to the outflows from the region to official creditors between 2004 and 2007. New commitments from IBRD and the IDB doubled to $30 billion in 2009, while disbursements by the two institutions jumped 89 percent to $22.6 billion (from $12.2 billion in 2008). But these disbursements were highly concentrated, with 67 percent of IBRD gross disbursements and 58 percent of those from IDB in 2009 going to three countries, in order of largest disbursement, Mexico, Brazil, and Argentina. IDB, the largest multilateral creditor, accounted for 50 percent of 2009 multilateral commitments and 48 percent of gross disbursements. The steep drop in medium-term lending by banks was offset by a sharp rise in net inflows for bonds, which leapt from $7.5 billion in 2008 to $40.3 billion in 2009. New bonds issued by the public sector totaled $32 billion, almost identical to 2008, of which Brazil ($6.1 billion), Colombia ($5.5 billion), and Mexico ($10.9 billion)

accounted for 69 percent. New issuances by private sector borrowers shot up to $28 billion (from $8 billion in 2008), led by the corporate sector in Brazil ($17 billion) and, to a lesser extent, Mexico ($5.1 billion). The rise in the stock of outstanding debt in 2009 was moderate—3 percent for the entire region—and it was the decline in export earnings that caused the ratio of outstanding debt to exports to deteriorate. It jumped to 111.4 percent (from 85.2 percent in 2008). Debt in relation to GNI rose slightly in 2009 but remains moderate at 23.7 percent.

Middle East and North Africa The Middle East and North Africa recorded the sharpest rise in net capital inflows in 2009 of all regions. Capital inflows increased by 32 percent largely because of the increase in lending by official creditors and an inflow of short-term debt. The reversal in net debt flows to $2 billion in 2009, from an outflow of $9 billion in 2008, more than offset the 14 percent fall in net equity flows (table 11). Net equity inflows have constituted 96 percent of all net capital flows into the region since 2001. The 17 percent decline in net FDI inflows in 2009 was partially offset by an increase in net

Table 11. Net Capital Inflows to Middle East and North Africa, 2001–09 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

27.8

Net private and official inflows

4.4

10.3

13.5

13.0

19.4

14.4

29.4

21.1

Percentage of GNI

1.2

2.7

3.3

2.7

3.6

2.3

3.9

2.3

3.0

Net equity inflows

3.9

7.6

10.2

10.4

19.2

28.2

25.5

29.7

25.6

Net FDI inflows

4.0

8.1

10.0

9.7

16.8

27.2

27.6

29.3

24.4

Net portfolio equity inflows

0.0

�0.5

0.2

0.7

2.4

1.0

�2.1

0.4

1.2

0.5

2.7

3.4

2.6

0.2

�13.7

3.9

�8.6

2.2

Official creditors

�1.5

�2.1

�2.1

�3.4

�3.0

�11.2

1.1

�1.8

2.3

World Bank

�0.1

�0.3

�0.3

�0.6

0.0

�0.8

1.0

�0.3

0.9 �0.1

Net debt flows

IMF

�0.1

�0.3

�0.6

�0.5

�0.7

�0.2

�0.1

�0.1

Other official creditors

�1.3

�1.5

�1.2

�2.3

�2.3

�10.3

0.2

�1.4

1.4

Private creditors

1.9

4.8

5.4

5.9

3.2

�2.5

2.8

�6.8

�0.1

Net medium- and long-term debt flows

4.9

5.4

0.9

2.7

2.9

�1.7

�0.7

�2.7

�1.7

4.4

5.2

0.7

2.8

2.5

0.8

0.7

�0.8

0.5 �2.1

Bonds Banks and other private creditors

0.5

0.2

0.2

�0.1

0.4

�2.5

�1.4

�1.8

Net short-term debt flows

�3.0

�0.7

4.6

3.2

0.3

�0.8

3.5

�4.2

1.6

�9.3

�12.6

�23.2

�14.7

�38.9

�37.8

�48.0

�43.4

�24.2

14.2

14.9

19.9

22.6

23.6

25.1

31.0

34.7

32.3

Change in reserves (� � increase) Memorandum item Worker remittances

Sources: World Bank Debtor Reporting System, IMF, Bank for International Settlements, and OECD.

15


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

portfolio equity flows. They rose to $1.2 billion in 2009 from $0.4 billion in 2008. Portfolio equity flows are concentrated in the Arab Republic of Egypt and Lebanon, and both countries recorded a marked increase in inflows in 2009. With regard to FDI, however, the picture was mixed. Egypt, the region’s largest recipient of FDI, saw net FDI inflows fall 29 percent in 2009. But in Lebanon, FDI inflows were $4.8 billion, up by 10 percent, and in the Islamic Republic of Iran, they jumped by an unprecedented 87 percent to $3 billion, directed primarily at the oil and gas sector. Net debt flows from official creditors turned positive in 2009, rising to $2.3 billion compared to an outflow of $1.8 billion in 2008. This rise was driven by an increase in disbursements by each of the principal multilateral institutions operating in the region: the African Development Bank, the European Investment Bank, and IBRD. Collectively, these banks disbursed $3.9 billion in 2009, an increase of close to 70 percent over the comparable figure for 2008, with Egypt and Morocco being the primary beneficiaries. The large net outflow from the region in 2008 for debt owed to private creditors, $6.8 billion, was reversed in 2009 because of a sharp turnaround in the direction of short-term debt flows

and a net inflow on bonds. The Islamic Republic of Iran, Morocco, and Tunisia were important drivers of the overall rise in short-term debt inflows: they recorded increases of $0.9 billion, $0.5 billion, and $0.5 billion, respectively, in 2009. By contrast, some borrowers in the region, including Egypt and Jordan, saw short-term debt contract in 2009. Bond inflows in 2009 are concentrated entirely in Lebanon and reflect the bond exchange operation, which is valued at $2.9 billion. In 2008, Lebanon raised $2.5 billion in the bond markets. Debt indicators are moderate because of the preponderance of equity in net capital flows to the region and relatively robust export earnings. Despite a 10 percent fall in export earnings in 2009, the stock of outstanding debt in relation to export earnings was, at 37.4 percent, the lowest of any region, and the ratio of debt service to export was only 4.7 percent. Debt as a share of GNI was 15.4 percent in 2009, lower than in all regions except East Asia and the Pacific.

South Asia Net capital inflows to the region rose 26 percent in 2009, to 4.7 percent of GNI, because of a remarkable $37 billion turnaround in portfolio equity flows (table 12). The increase more than offset the

Table 12. Net Capital Inflows to South Asia, 2001–09 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

77.7

Net private and official inflows

8.1

7.5

14.5

21.2

28.5

76.6

117.7

61.4

Percentage of GNI

1.3

1.1

1.9

2.3

2.7

6.5

7.8

4.0

4.7

Net equity inflows

8.9

7.8

13.5

16.8

23.6

36.4

68.4

32.9

58.8

Net FDI inflows

6.1

6.8

5.4

7.8

11.2

26.0

32.3

48.7

38.3

Net portfolio equity inflows

2.8

1.1

8.0

9.0

12.4

10.4

36.1

�15.8

20.5

Net debt flows

�0.9

�0.4

1.0

4.4

4.9

40.2

49.3

28.5

18.8

Official creditors

2.1

�2.3

�4.1

�0.3

2.9

3.5

4.4

8.6

9.5

World Bank

1.5

�1.0

�2.3

2.3

2.3

2.0

2.0

1.4

2.1

IMF

0.3

0.1

�0.1

�0.3

0.0

�0.1

�0.1

3.2

3.6

0.3

�1.4

�1.8

�2.4

0.6

1.6

2.4

4.0

3.8

�3.0

2.0

5.1

4.7

2.0

36.7

44.9

19.9

9.3

Other official creditors Private creditors Net medium- and long-term debt flows

�2.1

0.1

3.1

4.0

�0.2

19.9

32.0

12.0

10.3

Bonds

�0.4

�0.7

�3.7

3.9

�2.8

6.4

10.7

1.7

1.7

Banks and other private creditors

�1.6

0.8

6.8

0.2

2.6

13.5

21.3

10.3

8.6

Net short-term debt flows

�0.9

1.8

2.0

0.7

2.3

16.8

12.9

7.9

�1.0

�10.2

�28.0

�36.9

�27.6

�6.8

�41.7

�103.8

26.3

�38.6

19.2

24.1

30.4

28.7

33.9

42.5

54.0

71.6

74.9

Change in reserves (� � increase) Memorandum item Worker remittances

Sources: World Bank Debtor Reporting System, IMF, Bank for International Settlements, and OECD.

16


O V E R V I E W

decline in net medium- and long-term bank financing and the reversal of short-term debt, which turned negative (−$1 billion from an $8 billion inflow in 2008). Net equity flows to the region rose by almost 80 percent in 2009 because of an important turnaround in portfolio equity flows to India. Foreign investors repatriated $16 billion in 2008 but came back to the Indian stock market in 2009 as fears about the effect of the global economic crisis subsided with net inflows of $21 billion. India has also become one of the foremost recipients of FDI among developing countries—the third largest after China and Russia. Like those countries, India saw FDI fall in 2009, but by a moderate 19 percent. FDI to Pakistan fell by more than half, to $2.4 billion, as investors retreated because of concerns about the deteriorating economic and security situation and the stalled privatization program. Portfolio equity flows to Pakistan also dwindled to almost nothing in 2009, from $1.3 billion in 2007, because of similar concerns. Countries in the region are relatively poor and rely in large measure on official sources of financing, including official aid. Afghanistan, the second-highest aid recipient of all developing countries, received 4 percent of global aid flows in 2008, and this trend is likely to be repeated in 2009. Bangladesh, India, and Pakistan are also among the top 10 aid recipients. Debt-related flows from official creditors rose by 10 percent in 2009. Pakistan was the largest recipient and received almost 50 percent of disbursements to the region in 2009 from multilateral creditors, including $3.3 billion in purchases from IMF. These purchases were made under the $7.6 billion IMF program, approved in November 2008 and increased by a further $3.2billion in July 2009. Disbursements in 2009 from the World Bank (IBRD and IDA combined) were $4 billion, almost identical to those of the Asian Development Bank to the region in 2009. The overall fall in debt-related flows from private creditors was driven in large part by the contraction in short-term (trade-related) debt to India. Additionally, disbursements of mediumterm financing by banks fell by about 10 percent from their 2008 level, which, coupled with the continued rise in principal repayments, led to a 17 percent decline in net inflow in 2009 compared to 2008. Bond issuance by public sector borrowers,

notably India, also dropped off sharply in 2009, but Sri Lanka issued $500 million in development bonds; aimed at the Sri Lankan Diaspora, these bonds were oversubscribed. Bond issuance by corporate borrowers, again largely in India, rose to $2.5 billion, five times the 2008 level. Debt indicators are lower than those of Europe and Central Asia and Latin America and the Caribbean. Debt outstanding at the end of 2009 as a percentage of exports was 104.4 percent and the debt service to export ratio was 6.8 percent. But there are important differences between countries: the debt-to-export ratio ranged from 86.6 percent in India to 235.2 percent in Pakistan. Similarly, reserves as a percentage of the stock of external debt were 119.8 percent in India at the end of 2009 compared to 25.3 percent in Pakistan. Reliance on multilateral creditors is high: the share of outstanding debt owed to multilateral creditors (including the IMF) was 30 percent at the end of 2009.

Sub-Saharan Africa Net capital flows to Sub-Saharan Africa rose 16 percent in 2009, driven by a resurgence in portfolio equity inflows, a more than 100 percent increase in the net debt inflows from official creditors, and a 130 percent rise in net medium-term bank financing. Measured in terms of GNI, net capital flows were 5.2 percent in 2009, higher than in any other region (table 13). FDI in the region, directed mainly to the minerals and metals sector, constituted two-thirds of net capital flows (excluding grants) between 2001 and 2009. It declined in 2009, driven by falling investment flows to South Africa, the region’s largest recipient of FDI since 2001. But overall the fall was much less than expected because reduced FDI from high-income countries was offset by strong South-South FDI, and excluding South Africa, FDI inflows declined only 1 percent in 2009. FDI to Nigeria, which received the highest share of all FDI to the region in 2009, rose by almost 20 percent (mostly given to the hydrocarbon sector), and FDI to countries in the region classified as HIPCs fell only marginally. Portfolio equity flows to South Africa rebounded to $9.4 billion, buoyed by improved economic prospects and the sale of Vodacom. They also turned positive in Nigeria ($0.5 billion). Many countries in the region remain on the margins of international capital markets and

17


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

depend on official aid, mostly grants. Such aid is projected to rise again in 2009, notwithstanding the recessions in developed countries, but to remain below the target set by donors’ “Renewed Commitment to Africa,” which called for aid to increase by $25 billion by 2010 from its 2004 level. Debt-related financing from official creditors doubled in 2009 to $10 billion, led by a sharp rise in gross disbursements from multilateral creditors (including the IMF). IDA is the single most important multilateral creditor to the region, disbursing $5 billion in 2009 (in loans and grants), a 13 percent rise over the comparable figure for 2008. Twenty-four countries received financing under IMF programs, and IMF purchases rose 85 percent in 2009. Among the largest recipients were Angola, the Democratic Republic of Congo, Côte d’Ivoire, and Tanzania. There was also a sharp upturn in market-based financing by the African Development Bank. It committed $5 billion in 2009, including $1.5 billion to Botswana (of which $1.1 billion was disbursed immediately) and $2.7 billion to South Africa. Disbursements from bilateral creditors (for the most part non-OECD countries—notably China) jumped 37 percent but were heavily concentrated in mineral-rich countries.

South Africa accounts for almost all of the increase in medium-term financing from private creditors (bonds and banks). It returned to the markets in March 2009 with a $2 billion sovereign bond. Senegal became the second post–completion point HIPC country (Ghana being the first) to issue an international bond: $200 million in December 2009. Short-term debt flows to the region shrank because of import contraction in Nigeria (down $4 billion) and South Africa (down $5 billion), the main drivers. Debt indicators have improved significantly since 2000 because of economic reforms, a favorable external environment, increased aid and debt restructuring, and debt relief. Excluding South Africa, the stock of outstanding debt at the end of 2009 was 73 percent of exports and the debt service ratio had fallen to below 5 percent. Six countries in the region restructured $5 billion owed to Paris Club creditors in 2009, of which $1 billion was forgiven (see annex A), and with support from the IDA Debt Reduction Facility Liberia bought back $1.2 billion at a discount of 97 percent. By the end of 2009, 21 of the 33 eligible African countries had reached the HIPC completion point and had received $74 billion in HIPC and MDRI debt relief.

Table 13. Net Capital Inflows to Sub-Saharan Africa, 2001–09 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

Net private and official inflows

45.3

11.1

10.1

14.6

24.0

33.0

42.4

53.2

38.9

Percentage of GNI

3.5

3.0

3.5

4.6

5.5

6.0

6.7

4.3

5.2

Net equity inflows

13.2

10.4

14.0

17.7

26.1

37.0

38.7

28.9

40.2

Net FDI inflows

14.1

10.8

13.3

11.0

18.0

20.2

28.5

34.5

30.3

Net portfolio equity inflows

�0.9

�0.4

0.7

6.7

8.1

16.8

10.1

�5.6

10.0

�2.1

�0.4

0.6

6.4

6.9

5.4

14.6

10.0

5.1

Official creditors

0.0

2.7

1.4

2.3

�0.9

�1.9

2.5

4.6

9.5

World Bank

1.8

2.2

2.2

2.5

2.4

2.2

2.4

1.9

3.1

IMF

0.1

0.5

0.0

�0.1

�0.4

�0.1

0.1

0.7

2.2

�1.9

0.0

�0.8

0.0

�2.9

�4.1

0.0

2.0

4.1

�2.1

�3.0

�0.8

4.0

7.9

7.4

12.1

5.5

�4.4

0.0

�1.2

0.9

2.7

4.8

�2.0

8.0

0.8

5.6

1.9

1.5

0.4

0.6

1.3

0.3

6.7

�0.7

1.9

Banks and other private creditors

�1.9

�2.7

0.5

2.1

3.5

�2.3

1.4

1.6

3.7

Net short-term debt flows

�2.1

�1.8

�1.7

1.4

3.0

9.4

4.0

4.6

�10.0

�0.2

�0.7

�3.5

�21.7

�19.9

�32.5

�27.0

�10.9

1.9

4.6

5.0

6.0

8.0

9.4

12.7

18.6

21.3

20.8

Net debt flows

Other official creditors Private creditors Net medium- and long-term debt flows Bonds

Change in reserves (� � increase) Memorandum item Worker remittances

Sources: World Bank Debtor Reporting System, IMF, Bank for International Settlements, and OECD.

18


O V E R V I E W

Annex A: Debt Restructuring in 2009 Developments in 2009 The Paris Club restructured $5.2 billion in 2009 for seven countries. Of these countries, six are eligible for the HIPC Initiative. About 23 percent of the restructured debt was canceled and the remainder rescheduled (table A1). The share of debt canceled for each debtor country was dictated by its progress under the HIPC process and the composition of the debt owed to Paris Club creditors.

Agreements with HIPC Countries Burundi became the 24th country to reach the HIPC completion point in January 2009 and concluded a stock of debt treatment with Paris Club creditors on March 11, 2009. The agreement marked an exit from the Paris Club rescheduling process and canceled claims valued at $129 million in nominal terms. The Central African Republic became the 25th country to reach the HIPC completion point in June 2009 and concluded a stock of debt treatment with Paris Club creditors in September 2009. The agreement, which marked an exit from the Paris Club rescheduling process, restructured $49.2 million, of which the entirety was canceled. The Comoros concluded an agreement in November 2009 that restructured claims totaling $13 million. This agreement followed approval in September 2009 of a new three-year arrangement under the IMF Poverty Reduction and Growth Facility (PRGF) that was concluded on Naples terms (67 percent net present value reduction). The agreement restructured arrears of principal

and interest as of June 30, 2009, and maturities due from July 1, 2009 to June 30, 2012. Of the amount restructured, $1 million was canceled and $12 million was rescheduled. Creditors also signaled their willingness to top up debt relief to Cologne terms (90 net percent value reduction) once Comoros reaches the HIPC decision point. Côte d’Ivoire concluded an agreement in May 2009 that restructured claims totaling $4.7 billion. This agreement followed approval in March of a new three-year arrangement under the IMF PRGF and the HIPC decision point by executive directors of the IMF and the World Bank. The May agreement was concluded on Cologne terms (90 percent net present value reduction). The agreement restructured arrears of principal and interest as of March 31, 2009, and maturities falling due from April 2009 to March 2012. Of the $4.7 billion covered by the agreement, $3.8 billion was rescheduled and $0.9 billion was canceled over the three-year consolidation period. Haiti became the 26th country to reach the HIPC completion point in June 2009 and concluded a stock of debt treatment with Paris Club creditors on July 8, 2009. The agreement marked an exit from the Paris Club rescheduling process and canceled claims valued at $62 million in nominal terms and restructured $98 million. Togo reached the HIPC decision point in November 2008 and became eligible for debt relief on Cologne terms (90 percent net present value). The agreement concluded in January 2009 topped up the debt relief of 67 percent (in net present value terms) accorded under the agreement of June 2008 to 90 percent (in net present value terms).

Table A.1. Paris Club Agreements, January 1–December 21, 2009 Amount ($ millions) Cutoff date

Consolidation period

Canceled

Concessionality (% net present vaule)

5.0

129.0

90

Stock

0.0

49.2

90

Stock

13.0

12.0

1.0

67

July 2009

June 2012

4,690.0

3,845.0

845.0

90

April 2009

March 2012

161.0

98.9

62.7

90

Stock

163.0

89.6

73.4

50

October 2009

July 2010

22.0

0.0

22.0

90

April 2008

Mar 2011

Total

Country

Signature date

Burundi

March 11, 2009

June 1999

134.0

Central African Republic

September 15, 2009

January 1983

49.2

Comoros

November 19, 2009

June 1999

Côte d’Ivoire

May 15, 2009

July 1983

Haiti

July 8, 2009

October 1993

Seychelles

April 16, 2009

December 2008

Togo

January 22, 2009

January 1983

Rescheduled

Sources: World Bank and Paris Club.

19

Start

End


G L O B A L

D E V E L O P M E N T

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2 0 1 1

It covered $22 million in claims, of which the entirety was canceled (in addition to the $347 million canceled under the 2008 agreement).

Agreements with Non-HIPC Countries Seychelles concluded a debt restructuring agreement with Paris Club creditors in April 2009 following approval of a 2-year standby arrangement with the IMF in November 2008. This agreement was the country’s first with Paris Club creditors, and it restructured a total of $163 million in claims, largely arrears and late interest charges. The agreement was concluded under the Evian approach and provided for the cancellation of 45 percent of the

20

amount restructured (equivalent to 50 percent in net present value terms) in two phases: 22.5 percent on July 1, 2009, and a further 22.5 percent on July 1, 2010. Paris Club creditors required the Seychelles to seek comparable treatment from other bilateral and external commercial creditors.

Note

1. Borrowers that have outstanding obligations to IBRD, and classified as high-income countries, and are not included in the DRS: Barbados, Croatia, Estonia, Hungary, the Republic of Korea, Latvia, Poland, the Slovak Republic, Slovenia, and Trinidad and Tobago.


.

Summary Tables

21


S U M M A R Y

Summary Table 1. Key Indebtedness Indicators, 2007–09

Country

Afghanistan Albania Algeria Angola Argentina Armenia Azerbaijan Bangladesh Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Bulgaria Burkina Faso Burundi Cambodia Cameroon Cape Verde Central African Republic Chad Chile China Colombia Comoros Congo, Dem. Rep. Congo, Rep. Costa Rica Côte d’Ivoire Djibouti Dominica Dominican Republic Ecuador Egypt, Arab Rep. El Salvador Eritrea Ethiopia Fiji Gabon Gambia, The Georgia Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras India

Total external debt, 2009 ($ millions)

Present value of debt, 2009 ($ millions)

Ratio of total external debt to exports of goods and services (%)

Ratio of present value of debt to exports of goods and services (%)

Ratio of total external debt to GNI (%)

Ratio of present value of debt to GNI (%)

2,328

596

96

25

21

5

4,719 5,345 16,715

3,683 4,719 14,228

123 6 25

96 5 21

40 4 28

31 3 24

120,183 4,935 4,865 23,820 17,158 1,092 1,073 762 5,745 9,583 1,617 276,932 40,582 1,835 518 4,364 2,941 707 396 1,743 71,646 428,442 52,223 279 12,183 5,041 8,070 11,701 752 252 11,003 12,930 33,257 11,384 1,019 5,025 432 2,130 520 4,231 5,720 531 13,801 2,926 1,111 1,036 1,244 3,675 237,692

119,952 3,656 3,701 14,697 15,228 811 738 625 2,446 7,925 1,001 260,697 36,959 1,272 156 3,544 771 381 222 1,354 65,749 404,026 44,370 205 2,384 1,265 7,573 9,738 511 211 9,248 11,816 26,629 10,198 597 2,931 390 1,990 203 3,064 4,235 580 12,013 1,980 848 668 989 1,775 212,262

156 200 18 146 57 135 90 106 81 128 25 133 145 222 477 74 46 113 134 53 92 26 131 460 362 72 54 106 195 162 86 65 66 181 1,383 153 26 19 207 111 81 269 144 225 847 107 142 51 80

156 148 14 90 51 100 62 87 34 106 16 125 132 154 143 60 12 61 75 41 84 25 111 338 71 18 50 88 133 136 73 59 53 162 811 89 23 18 81 80 60 293 126 152 647 69 113 25 71

41 48 13 28 34 94 17 61 38 55 13 18 93 24 45 47 14 49 21 28 47 10 24 54 122 81 29 55 72 73 26 25 21 55 58 20 13 20 76 38 37 90 38 65 265 92 19 28 19

41 36 10 17 30 70 12 50 16 45 8 17 85 17 13 38 4 27 12 22 43 9 20 40 24 20 27 46 49 61 22 23 16 49 34 12 12 19 30 28 27 98 33 44 203 59 15 13 17

(table continues on next page)

23

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Summary Table 1. Key Indebtedness Indicators, 2007–09 (continued)

Country

Indonesia Iran, Islamic Rep. Jamaica Jordan Kazakhstan Kenya Kosovo Kyrgyz Republic Lao PDR Lebanon Lesotho Liberia Lithuania Macedonia, FYR Madagascar Malawi Malaysia Maldives Mali Mauritania Mauritius Mexico Moldova Mongolia Montenegro Morocco Mozambique Myanmar Nepal Nicaragua Niger Nigeria Pakistan Panama Papua New Guinea Paraguay Peru Philippines Romania Russian Federation Rwanda Samoa São Tomé and Principe Senegal Serbia Seychelles Sierra Leone Solomon Islands Somalia South Africa Sri Lanka St. Kitts and Nevis St. Lucia

Total external debt, 2009 ($ millions)

Present value of debt, 2009 ($ millions)

157,517 13,435 10,959 6,615 109,873 8,005 359 2,900 5,539 24,864 705 1,660 31,717 5,589 2,213 1,093 66,390 780 2,667 2,029 742 192,008 3,457 2,212 2,308 23,752 4,168 8,186 3,683 4,420 991 7,846 53,710 12,418 1,555 4,323 29,593 62,911 117,511 381,339 747 235 186 3,503 33,402 1,624 444 156 2,973 42,101 17,208 227 416

140,615 11,667 10,991 5,603 97,124 5,689 223 1,576 3,963 24,132 388 1,977 28,939 5,188 1,464 649 60,881 630 1,200 2,602 589 176,766 3,157 1,497 2,025 19,578 1,589 5,187 2,728 2,090 633 5,936 38,732 11,464 1,287 3,760 26,341 54,814 94,557 348,913 353 136 18 2,492 30,484 1,701 368 110 3,710 42,043 13,257 195 343

Ratio of total external debt to exports of goods and services (%)

111 — 177 54 177 101 41 113 325 108 49 291 131 107 89 110 29 85 114 119 14 67 119 84 115 79 138 — 208 145 105 11 218 72 25 55 87 104 206 81 136 137 900 103 244 181 125 60 — 44 176 100 81

Ratio of present value of debt to exports of goods and services (%)

99 — 178 46 157 72 25 62 233 105 27 347 120 100 59 65 27 69 51 153 11 61 109 57 100 65 53 — 154 68 67 8 157 66 21 48 78 90 166 74 64 79 89 73 223 189 104 43 — 44 136 86 67

Ratio of total external debt to GNI (%)

33 4 82 31 109 27 7 66 109 82 34 265 79 64 26 27 34 66 32 65 9 20 60 51 56 28 47 — 31 76 20 5 33 58 21 30 26 40 66 28 17 46 106 28 78 200 24 30 — 15 46 44 47

Ratio of present value of debt to GNI (%)

30 4 82 27 96 19 4 36 78 80 19 316 72 59 17 16 31 54 14 83 7 18 55 35 49 23 18 — 23 36 13 4 24 54 18 26 23 35 53 26 8 27 11 20 71 210 20 21 —. 15 35 38 39

(table continues on next page)

24


S U M M A R Y

Summary Table 1. Key Indebtedness Indicators, 2007–09 (continued)

Country

St. Vincent and the Grenadines Sudan Swaziland Syrian Arab Republic Tajikistan Tanzania Thailand Togo Tonga Tunisia Turkey Turkmenistan Uganda Ukraine Uruguay Uzbekistan Vanuatu Venezuela, RB Vietnam Yemen, Rep. Zambia Zimbabwe

Total external debt, 2009 ($ millions)

Present value of debt, 2009 ($ millions)

209 20,139 418 5,236 2,514 7,325 58,755 1,640 105 21,709 251,372 576 2,490 93,153 12,159 4,109 130 54,503 28,674 6,356 3,049 5,015

166 35,082 379 4,413 1,792 2,648 54,554 1,360 66 19,650 231,439 525 1,132 89,029 10,868 3,329 96 54,906 21,704 4,052 1,172 6,247

Ratio of total external debt to exports of goods and services (%)

95 202 17 28 159 157 30 164 169 89 157 5 76 128 135 36 48 66 45 74 63 269

Ratio of present value of debt to exports of goods and services (%)

Ratio of total external debt to GNI (%)

76 352 16 24 114 57 28 136 107 80 144 4 34 123 121 29 35 66 34 47 24 335

38 42 15 11 55 37 23 60 32 60 38 4 18 65 41 15 22 19 35 27 26 —

Ratio of present value of debt to GNI (%)

30 73 13 9 39 13 22 50 20 54 35 3 8 62 37 12 16 19 27 17 10 0

Source: World Bank data. Note: GNI = gross national income; — = not available. For definitions of indicators, see the “About the Data” section. Numbers in italics are based on the latest available Debt Sustainability Analysis for Low-Income Countries (LIC DSA) and include the effects of traditional relief, debt relief under the Heavily Indebted Poor Country (HIPC) Initiative, and relief under the Multilateral Debt Relief Initiative (MDRI). Under MDRI, the International Development Association (IDA), the International Monetary Fund (IMF), and the African Development Fund (AfDF) provide debt stock cancellation to post–completion point HIPCs on debt owed to the three institutions. The Inter-American Development Bank (IDB) provides similar debt stock cancellation under the IDB 2007 Debt Initiative. MDRI debt relief provides 100 percent stock cancellation on debt disbursed before the end of 2004 (for the IMF, AfDF, and IDB) or the end of 2003 (for IDA) and still outstanding at the time the country reaches the completion point under the HIPC Initiative. In line with the Debt Sustainability Framework for Low-Income Countries, only the conditional debt relief under HIPC Initiative is included for countries in the interim period (between the decision and completion points of the HIPC Initiative).

25

T A B L E S


G L O B A L

D E V E L O P M E N T

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2 0 1 1

Summary Table 2. Composition of Total External Debt Stocks, 2009 $ millions

Country

Total external debt stocks

Total long-term external debt

Public and publicly guaranteed debt, multilateral

Public and publicly guaranteed debt, bilateral

Public and publicly guaranteed debt, bonds

Afghanistan

2,328

2,203

1,112

1,090

0

Albania

4,719

3,813

1,504

660

0 0

Algeria

5,345

3,853

11

2,039

Angola

16,715

13,722

441

4,379

0

120,183

100,646

16,156

6,172

49,670 0

Argentina Armenia

4,935

3,837

1,427

948

Azerbaijan

4,865

3,993

1,462

730

0

Bangladesh

23,820

21,206

18,376

2,746

0

Belarus

17,158

6,262

261

4,368

0

Belize

1,092

1,076

245

162

21

Benin

1,073

990

801

188

0

762

762

286

476

0

Bhutan Bolivia

5,745

5,191

1,978

482

0

Bosnia and Herzegovina

9,583

7,620

2,197

845

322

Botswana Brazil Bulgaria Burkina Faso Burundi

1,617

1,388

1,252

135

0

276,932

237,143

2,4753

7,632

47,361

40,582

22,004

2,507

815

1,430

1,835

1,725

1,402

303

0

518

420

322

98

0

Cambodia

4,364

4,099

1,501

2,598

0

Cameroon

2,941

2,743

682

1,435

0

Cape Verde

707

695

532

156

0

Central African Republic

396

250

60

156

0

Chad

1,743

1,711

1,479

199

0

Chile

71646

54,170

848

193

5,413

428,442

187,933

33,156

34,923

10,826

Colombia

China

52,223

48,113

14,732

514

17,159

Comoros

279

264

215

49

0

12,183

10,788

4,187

6,310

0

Congo, Rep.

5,041

4,785

463

3,398

0

Costa Rica

8,070

5,728

1,178

392

1,435 1,931

Congo, Dem. Rep.

Côte d’Ivoire

11,701

11,250

2,374

6,540

Djibouti

752

732

403

314

0

Dominica

252

193

116

36

34 1,076

Dominican Republic

11,003

8,557

2,608

2,657

Ecuador

12,930

11,511

4,336

1,509

873

Egypt, Arab Rep.

33,257

30,696

8,413

19,915

1,883

El Salvador

2,174

11,384

9,270

3,200

667

Eritrea

1,019

1,013

658

315

0

Ethiopia

5,025

4,812

2,310

1,243

0

Fiji Gabon Gambia, The Georgia

432

362

104

107

150

2,130

2,022

401

525

901

520

449

314

135

0

4,231

3,114

1,535

560

500

26


S U M M A R Y

Public and publicly guaranteed debt, commercial banks and other

Private nonguaranteed debt, bonds

Private nonguaranteed debt, commercial banks and other

IBRD (memo)

IDA (memo)

Use of IMF credit

Short-term debt

0

0

0

0

471

106

20

665

0

983

24

849

71

835

821

0

982

10

0

0

1,492

8,902

0

0

0

385

359

2,634

924

6,850

20,873

5,305

0

0

19,537

1

0

1,461

53

1,161

587

512

1,212

0

590

199

739

62

810

84

0

0

0

10,746

675

1,939

128

19

1,485

256

0

2,871

8,024

634

0

14

16

0

7

8

0

0

0

0

309

39

45

0

0

0

0

114

0

0

84

0

2,647

0

316

0

554

206

0

4,051

417

1,102

286

1,677

2

0

0

0

5

0

229

7,571

53,342

96,483

10,065

0

0

39,789 18,578

21

146

17,085

1,509

0

0

20

0

0

0

721

110

0

0

0

0

0

147

91

7

0

0

0

0

566

0

265

11

0

615

30

273

175

23

6

0

0

0

286

11

2

34

0

0

0

9

78

67

33

0

0

0

896

29

4

2,827

6,584

38,304

215

1

0

17,476

14,220

7,020

87,788

12,705

9,521

0

240,509

2,959

2,709

10,040

6,570

1

0

4,110

0

0

0

0

120

10

5

292

0

0

0

2,497

800

596

924

0

0

0

298

43

213

185

0

2,538

57

0

0

2341

134

0

271

42

1,781

352

99

15

0

0

0

1,58

16

5

6

0

0

1

28

20

40

1,373

843

0

748

8

767

1,679

192

0

4,600

532

11

0

1,419

410

0

74

1,850

1,400

0

2,561

90

0

3,139

569

9

0

2,114

41

0

0

0

477

0

6

1,259

0

0

0

1,422

168

45

0

0

1

0

0

0

70

195

0

0

18

0

0

108

1

0

0

0

64

29

42

1

0

518

100

1,153

786

330

(table continues on next page)

27

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Summary Table 2. Composition of Total External Debt Stocks, 2009 (continued) $ millions Public and publicly guaranteed debt, bilateral

Public and publicly guaranteed debt, bonds

Country

Total external debt stocks

Ghana

5,720

4,126

2,230

339

750

531

462

161

88

210 955

Grenada Guatemala

Total long-term external debt

Public and publicly guaranteed debt, multilateral

13,801

1,2575

3,620

356

Guinea

2,926

2,827

1,827

966

0

Guinea-Bissau

1,111

950

507

443

0

Guyana

1,036

781

448

312

0

Haiti

1,244

1,078

520

558

0

3,675

3,326

1,517

843

50

India

Honduras

237,692

194,741

41,486

22,780

5,542

Indonesia

14,344

157,517

138,854

21,052

42,272

Iran, Islamic Rep.

13,435

7,524

836

1,418

0

Jamaica

10,959

9,905

1,520

887

3,890 181

Jordan Kazakhstan Kenya Kosovo Kyrgyz Republic

6,615

5,445

2,361

2,740

109,873

101,197

1,349

1,137

0

8,005

6,543

3,862

2,330

0

359

359

359

0

0

2,900

2,652

1,310

1,010

0

Lao PDR

5,539

5,523

2,003

920

0

Lebanon

24,864

21,649

1,301

1,008

18,105

Lesotho Liberia Lithuania

705

681

607

60

0

1,660

677

155

502

0

31,717

25,767

1,239

0

7,816

Macedonia, FYR

5,589

3,689

1,081

240

468

Madagascar

2,213

1,851

1,447

393

0

Malawi

1,093

899

540

349

0

Malaysia

66,390

42,696

303

3,789

13,316

Maldives

780

569

288

183

0

Mali

2,667

2,592

1,504

1,081

0

Mauritania

2,029

1,851

1,114

725

0

742

742

370

201

0 58,890

Mauritius Mexico

192,008

168,672

17,232

3,980

Moldova

3,457

1,985

514

265

0

Mongolia

2,212

1,958

1,069

664

75

Montenegro Morocco

2,308

1,101

591

302

0

23,752

21,573

10,021

6,694

0

Mozambique

4,168

3,354

1,996

1,330

0

Myanmar

8,186

6,320

1,341

4,004

0

Nepal

3,683

3,563

3,211

349

0

Nicaragua

4,420

3,554

1,448

1,010

0

991

916

684

225

0

Nigeria

Niger

7,846

4,332

3,391

492

0

Pakistan

53,710

44,749

23,506

15,591

2,150

Panama

12,418

12,418

1,626

207

9,219

28


S U M M A R Y

Public and publicly guaranteed debt, commercial banks and other

Private nonguaranteed debt, bonds

Private nonguaranteed debt, commercial banks and other

IBRD (memo)

IDA (memo)

Use of IMF credit

Short-term debt

806

0

0

0

1,581

271

2

0

0

11

39

23

1,323 46

0

5

7,639

1,112

0

0

1,226

35

0

0

0

1,269

59

40

0

0

0

0

304

10

151

21

0

0

0

10

58

197

0

0

0

0

39

166

0

37

0

880

0

502

32

317

6,723

15,331

102,880

8,048

25,980

0

42,950

8,352

5,897

46,937

7,876

2,234

0

18,662

5,269

0

0

836

0

0

5,911

367

3,215

26

398

0

0

1,054

163

0

0

1074

34

12

1,158

1

22,097

76,613

547

0

0

8,676 1,011

352

0

0

0

3,156

451

0

0

0

359

0

0

0

0

0

332

0

656

167

81

0

0

2,601

0

680

16

0

565

670

0

318

0

119

3,096

14

0

0

3

311

24

0

21

0

0

0

69

891

92

4

1,030

15,679

23

0

0

5,949

84

0

1,816

271

382

0

1,900

7

0

4

0

1,105

101

262

10

0

0

0

213

127

67

3,955

5,927

15,406

39

0

0

23,695

97

0

0

0

84

9

202

7

0

0

0

698

44

32

12

0

0

0

282

16

163

90

0

81

204

8

0

0

19,272

21,525

47,774

10,143

0

0

23,335 1,318

4

0

1,203

110

332

154

9

0

141

0

392

182

72

201

0

8

261

75

0

1,207

2,504

0

2,354

2,543

14

0

2,179

28

0

0

0

1,356

171

643

976

0

0

0

777

0

1,866

4

0

0

0

1,483

76

44

4

0

1,093

0

418

150

716

0

0

7

0

266

57

18

273

175

0

113

2,739

0

3,514

237

850

2,415

1,769

10,075

7,495

1,466

230

1,061

75

435

0

0

0

(table continues on next page)

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Summary Table 2. Composition of Total External Debt Stocks, 2009 (continued) $ millions

Country

Total external debt stocks

Total long-term external debt

Public and publicly guaranteed debt, multilateral

Public and publicly guaranteed debt, bilateral

Public and publicly guaranteed debt, bonds

Papua New Guinea

1,555

1,434

724

276

0

Paraguay

4,323

3,571

1,398

628

0

Peru

29,593

24,863

8,378

3,352

8911

Philippines

62,911

58,909

8,448

13,611

18,522

Romania

117,511

86,935

10,518

692

2,809

Russian Federation

381,339

350,715

3,724

3,599

69,580

Rwanda

747

725

631

94

0

Samoa

235

226

180

46

0

186

172

43

128

0

Senegal

SĂŁo TomĂŠ and Principe

3,503

3,318

1,810

949

200

Serbia

33,402

27,801

4,442

3,109

0

1,624

643

50

159

307

Seychelles Sierra Leone

444

371

308

63

0

Solomon Islands

156

154

111

21

0

2,973

1987

805

1,145

0

South Africa

Somalia

42,101

28,827

227

0

9279

Sri Lanka

1,000

17,208

14,614

5,875

6,054

St. Kitts and Nevis

227

222

98

40

29

St. Lucia

416

344

197

25

55

St. Vincent and the Grenadines Sudan Swaziland Syrian Arab Republic

209

202

121

21

0

20,139

12,998

3,154

7,395

0

418

391

255

116

0

5,236

4,480

1,657

2,824

0

Tajikistan

2,514

2,458

826

777

0

Tanzania

7,325

5,653

3,573

947

0

Thailand

58,755

30,873

208

6,261

1,754

1,640

1,502

837

665

0

105

105

73

31

0

Togo Tonga Tunisia

21,709

16,907

6,511

3,448

3,776

Turkey

251,372

203,689

16,870

6,284

40,808

576

501

17

392

0

Uganda

Turkmenistan

2,490

2,245

2,017

203

0

Ukraine

93,153

62,306

4,237

1,547

3,121

Uruguay

12,159

11,035

3,653

135

7,094

4,109

3,965

1,065

1,843

0

130

99

69

30

0

Venezuela, RB

54,503

38,494

3,120

1,010

28,360

Vietnam

1,041

Uzbekistan Vanuatu

28,674

23,403

10,312

11,346

Yemen, Rep.

6,356

5,861

3,159

2,698

0

Zambia

3,049

2,230

881

222

0

Zimbabwe All developing countries

5,015

3,831

1619

1,677

0

3,545,114

2,759,199

438,044

326,017

475,768

30


S U M M A R Y

Public and publicly guaranteed debt, commercial banks and other

Private nonguaranteed debt, bonds

Private nonguaranteed debt, commercial banks and other

IBRD (memo)

IDA (memo)

Use of IMF credit

Short-term debt

36

0

397

149

82

0

121

282

0

1,263

281

15

0

752 4,730

149

2,097

1,976

2,846

0

0

1,157

956

16,215

2,488

181

0

4,002

3,885

35

68,996

2,995

0

9,544

21,032

23,087

73,331

177,395

3,211

0

0

30,624

0

0

0

0

254

15

6

0

0

0

0

80

9

0 10

0

0

0

0

14

4

2

0

357

0

921

167

18

1,175

165

18,911

1,783

676

1,601

4,000

127

0

0

0

0

19

962

0

0

0

0

124

73

0

0

0

21

0

44

0

2

38

0

0

0

448

176

810

5,558

6,049

7,715

21

0

0

13,274

718

0

967

0

2,487

721

1,873

55

0

0

12

1

3

1

67

0

0

19

50

11

62

60

0

0

3

20

6

1

2,449

0

0

0

1,306

403

6,739

20

0

0

8

2

0

27

0

0

0

0

16

0

756

0

0

855

0

373

41

15

118

0

1,016

0

2,598

329

1,342

2,962

3,040

16,649

74

59

0

27,881

0

0

0

0

586

91

47

1

0

0

0

23

0

0

1,101

0

2,070

1,385

20

0

4,801

20,913

6,606

112,207

9,769

48

7,958

39,725

54

0

38

13

0

0

75

25

0

0

0

1,379

9

235

1,544

5,059

46,798

3,294

0

10,974

19,873

72

80

0

1,099

0

0

1,124

330

0

727

284

83

0

144

0

0

0

0

12

0

31

2,694

3,310

0

0

0

0

16,009 5,186

704

0

0

0

6,270

84

5

0

0

0

2,187

53

442

107

0

1,020

0

407

345

474

446

0

89

463

522

116

1,068

167,161

256,025

1,096,185

107,984

116,903

52,179

73,3736

(table continues on next page)

31

T A B L E S


G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 1 1

Summary Table 2. Composition of Total External Debt Stocks, 2009 (continued) $ millions

Country

Total external debt stocks

Total long-term external debt

Public and publicly guaranteed debt, multilateral

Public and publicly guaranteed debt, bilateral

Public and publicly guaranteed debt, bonds

Region or Group East Asia and Pacific Europe and Central Asia

825,602

502,950

80,654

120,900

60,029

1,126,252

925,764

59,033

30,122

126,853

Latin America and the Caribbean

912,980

773,100

115,208

33,869

242,880

Middle East and North Africa

141,321

118,719

34,673

43,096

23,946

South Asia

339,983

282,407

94,140

49,269

8,692

Sub-Saharan Africa

198,976

156,260

54,335

48,761

13,368

Low-income countries Middle-income countries

135,593

116,809

68,594

36,764

750

3,409,521

2,642,391

369,450

289,252

475,018

Source: World Bank data. Note: IBRD = International Bank for Reconstruction and Development; IDA = International Development Association; IMF = International Monetary Fund.

32


S U M M A R Y

Public and publicly guaranteed debt, commercial banks and other

Private nonguaranteed debt, bonds

Private nonguaranteed debt, commercial banks and other

IBRD (memo)

IDA (memo)

Use of IMF credit

Short-term debt

32,372

22,840

186,154

23,332

20,921

291

322,361

53,516

108,489

547,750

25,479

7,631

35,103

165,385 138,637

40,159

101,621

239,364

40,439

1,468

1,243

10,853

670

5,480

8,016

3,831

200

22,402

7,863

16,181

106,261

9,817

51,440

9,081

48,495

22,396

6,224

11,175

900

31,612

6,261

36,456

4,754

0

5,946

463

39,115

5,951

1,2833

162,406

256,025

1,090,239

107,521

77,788

46,227

720,903

33

T A B L E S


.

Regional and Income Group Aggregate Tables

35


ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

1,253,016 1,032,168 972,552 59,616 33,626 187,222 44,689

1,860,250 1,469,667 1,261,176 208,491 59,721 330,863 44,539

2,122,096 1,776,864 1,287,114 489,750 58,231 287,001 31,838

2,488,733 1,964,829 1,283,181 681,648 49,179 474,725 28,665

2,643,251 2,067,087 1,210,859 856,227 19,859 556,305 26,334

3,180,004 2,421,910 1,308,265 1,113,645 15,540 742,554 27,933

3,425,383 2,672,049 1,348,023 1,324,026 24,915 728,419 27,807

3,545,114 2,759,199 1,406,990 1,352,210 52,179 733,736 26,726

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

53,981 966,765 65,403 112,931

104,656 1,256,108 213,559 140,532

60,834 1,281,244 495,621 145,847

46,432 1,278,690 686,139 157,350

45,071 1,206,587 860,500 140,021

47,985 1,303,504 1,118,406 189,986

49,621 1,342,408 1,329,641 176,452

51,557 1,395,767 1,363,432 216,718

External debt flows Disbursements Long-term external debt IMF purchases

121,319 113,870 7,449

209,469 181,686 27,783

235,818 225,703 10,114

384,285 380,324 3,961

458,638 454,524 4,113

646,010 643,997 2,013

623,104 609,344 13,760

537,473 509,127 28,346

Principal repayments Long-term external debt IMF repurchases

79,142 71,317 7,825

120,565 111,927 8,638

232,711 212,119 20,592

335,002 290,880 44,122

383,247 352,428 30,819

363,027 355,872 7,155

399,192 395,392 3,800

408,234 406,390 1,844

Net flows Long-term external debt Short-term external debt

56,358 42,553 14,181

142,985 69,759 54,082

-5,176 13,584 -8,282

123,777 89,444 74,494

159,301 102,096 83,911

467,229 288,124 184,246

209,903 213,952 -14,009

135,637 102,737 6,398

Interest payments Long-term external debt IMF charges Short-term external debt

60,784 48,917 2,415 9,452

85,012 67,476 2,623 14,912

112,421 93,744 2,863 15,815

103,589 84,843 3,277 15,469

117,309 95,089 1,622 20,597

135,710 109,172 710 25,828

140,568 120,257 979 19,332

124,324 110,205 554 13,565

21,609 3,390

94,658 13,779

148,373 13,955

273,590 67,498

343,337 107,674

508,131 135,080

587,109 -53,193

354,088 108,157

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) .. 10.9 2.4 1.7 44.5

.. 13.0 1.6 1.1 47.9

.. 12.0 1.0 0.4 62.8

14.2 10.1 1.1 0.6 65.6

15.1 10.2 0.8 0.6 65.2

15.6 9.3 0.6 0.6 66.0

14.2 11.1 0.4 0.6 66.2

15.0 10.6 0.5 0.5 66.0

5.4 22.8 6.6

5.8 19.2 5.3

4.8 20.2 5.1

3.6 22.1 5.7

3.9 22.8 6.2

3.7 23.2 6.5

2.9 23.6 6.7

2.1 21.2 6.2

8.5 11.7 4.9

6.5 7.4 3.4

8.1 11.3 8.4

6.3 11.2 8.7

6.2 12.1 9.5

6.3 10.8 7.9

6.0 11.8 8.1

6.3 10.0 8.6

3,530,181 651,786 30,760 718,403 16,118 178,522

4,791,570 1,140,219 54,593 1,300,105 36,709 438,799

5,614,158 1,652,400 80,196 1,703,631 67,741 641,834

9,427,817 3,329,578 190,644 3,209,914 163,147 1,976,647

11,189,833 4,057,884 225,325 3,840,260 232,181 2,610,837

13,856,781 4,911,991 277,165 4,709,354 299,410 3,694,463

16,589,721 5,863,632 323,542 5,732,392 340,938 4,147,161

16,023,321 4,755,347 305,200 4,588,788 243,805 4,820,982

192.2 35.5 21.5 14.9 16.0 14.2 3.0

163.1 38.8 18.0 17.8 15.0 23.6 4.1

128.4 37.8 20.9 13.5 15.4 30.2 4.5

74.7 26.4 13.2 19.1 15.0 79.4 7.4

65.1 23.6 12.4 21.0 13.2 98.8 8.2

64.7 22.9 10.2 23.4 11.7 116.2 9.4

58.4 20.6 9.2 21.3 11.5 121.1 8.7

74.6 22.1 11.3 20.7 12.4 136.0 12.6

Euro Japanese yen Pound sterling Swiss franc U.S.dollars

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

36


ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

1,032,168 972,552 519,825 199,951 90,637 45,278 319,874 452,727 99,350 224,277 59,616 347

1,469,667 1,261,176 764,715 278,613 106,385 71,495 486,102 496,461 220,462 146,865 208,491 51,018

1,776,864 1,287,114 751,068 326,080 108,080 86,796 424,988 536,045 341,857 125,865 489,750 89,492

1,964,829 1,283,181 714,294 373,417 96,259 121,077 340,876 568,887 400,332 125,757 681,648 154,026

2,067,087 1,210,859 636,047 347,610 92,286 99,005 288,437 574,812 409,075 128,188 856,227 190,151

2,421,910 1,308,265 666,297 372,517 93,566 107,675 293,780 641,968 452,166 157,275 1,113,645 250,422

2,672,049 1,348,023 707,661 393,444 96,635 111,269 314,217 640,361 462,290 150,135 1,324,026 240,701

2,759,199 1,406,990 764,061 438,044 107,984 116,903 326,017 642,929 475,768 136,340 1,352,210 256,025

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

113,870 96,613 48,480 26,496 13,086 4,330 21,984 48,133 4,226 14,592 17,257 291

181,686 128,191 64,866 31,094 12,537 5,474 33,772 63,325 21,993 22,190 53,495 14,063

225,703 134,860 52,307 34,186 12,906 5,219 18,121 82,553 55,784 18,109 90,844 10,810

380,324 142,528 46,011 34,281 9,178 7,207 11,730 96,517 61,066 31,732 237,796 46,898

454,524 140,018 54,105 39,732 11,933 6,771 14,373 85,912 56,972 24,160 314,507 53,017

643,997 181,983 58,469 43,055 10,498 7,358 15,413 123,515 72,216 47,941 462,013 83,950

609,344 171,783 68,007 47,360 13,608 6,864 20,646 103,776 72,936 28,446 437,561 25,655

509,127 190,191 96,430 69,770 22,125 8,701 26,660 93,761 68,909 19,047 318,936 36,484

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

71,317 64,096 22,579 11,656 7,804 248 10,923 41,517 4,270 19,870 7,221 0

111,927 86,009 42,585 19,649 11,364 542 22,935 43,424 11,091 15,281 25,918 4,042

212,119 114,161 47,474 22,544 9,409 948 24,929 66,688 31,454 23,256 97,958 15,002

290,880 145,812 69,878 26,634 12,066 1,621 43,243 75,935 44,630 22,316 145,067 15,063

352,428 191,885 96,994 36,465 17,168 1,779 60,529 94,891 60,268 25,154 160,543 17,973

355,872 128,023 53,328 26,480 10,844 1,836 26,848 74,695 43,632 23,971 227,849 24,350

395,392 144,276 50,130 26,972 10,924 2,296 23,158 94,145 54,625 32,337 251,117 19,902

406,390 116,937 46,503 25,471 10,838 2,250 21,032 70,435 32,872 30,198 289,453 21,401

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

48,917 44,375 17,921 10,239 6,753 301 7,682 26,455 4,100 15,991 4,542 3

67,476 56,580 27,395 13,153 7,610 503 14,241 29,185 14,713 7,822 10,897 3,172

93,744 63,139 25,961 15,208 7,444 577 10,753 37,179 25,000 8,566 30,605 7,774

84,843 60,506 23,904 10,572 4,013 897 13,332 36,602 30,143 4,921 24,337 8,809

95,089 56,335 19,694 11,659 4,777 811 8,035 36,641 28,861 6,258 38,755 13,935

109,172 59,643 20,163 12,859 5,430 758 7,303 39,481 31,151 6,541 49,529 16,186

120,257 59,040 18,960 12,287 4,572 908 6,674 40,080 31,730 6,672 61,217 15,993

110,205 53,955 16,885 10,422 3,415 798 6,463 37,071 30,744 5,104 56,250 16,188

Total change in external debt stocks 92,997 750 flows on external debt Non-debt flows (bill US$) Net 56,358 Cross-currency valuation 43,490

169,892 142,985 3,160

-63,271 200 -5,176 -49,519

-19,198 123,777 -75,273

154,518 536,754 Debt ratios467,229 (%) 159,301 -6,942 38,092

245,379 209,903 14,228

.. 0 ..

30,719 2,244 162

61,338 150 945 16,072

32,824 20,525 736

1,618 2,180 3,998

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

9. Debt restructurings Total amount rescheduled Total amount forgiven 500 Debt buyback

75,505 12,370 4,359

4,788 16,122 5,450

3,150 3,249 6,035

100

250

50

0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

2003

2004

Debt to exports

37

2005

2006

2007

2008

Reserves to debt

2009


EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

233,974 194,526 172,986 21,541 2,085 37,363 1,886

455,544 345,382 255,399 89,982 1,337 108,826 2,952

496,687 418,614 271,459 147,155 16,452 61,621 5,336

614,625 408,562 262,047 146,515 8,545 197,519 1,088

648,706 425,941 261,218 164,723 239 222,526 991

726,940 448,695 260,896 187,799 215 278,031 1,121

756,756 489,681 278,116 211,565 162 266,914 1,155

825,602 502,950 293,956 208,994 291 322,361 1,226

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2,965 172,443 22,083 23,347

10,943 254,012 91,370 46,429

7,461 271,107 147,507 26,963

5,920 261,526 147,036 24,974

4,670 260,723 165,219 20,208

5,329 260,463 188,232 19,177

5,478 277,689 211,992 28,566

5,779 289,041 213,908 42,088

External debt flows Disbursements Long-term external debt IMF purchases

29,489 29,431 58

59,108 58,906 203

41,428 39,935 1,493

74,963 74,963 0

76,940 76,940 0

90,725 90,725 0

88,543 88,543 0

85,403 85,229 174

Principal repayments Long-term external debt IMF repurchases

18,645 17,359 1,286

32,240 31,850 390

47,836 47,568 267

68,857 67,260 1,597

71,484 63,005 8,479

76,062 76,027 35

73,504 73,455 49

82,516 82,465 50

Net flows Long-term external debt Short-term external debt

18,630 12,072 7,786

54,088 27,056 27,220

-17,219 -7,633 -10,812

40,937 7,703 34,831

30,560 13,935 25,105

70,037 14,698 55,374

3,888 15,088 -11,151

58,264 2,763 55,376

Interest payments Long-term external debt IMF charges Short-term external debt

12,501 10,147 245 2,109

20,622 15,539 69 5,014

25,180 20,377 793 4,011

17,876 12,859 336 4,682

22,011 14,257 308 7,446

25,496 17,461 3 8,032

23,038 16,859 1 6,178

19,908 15,345 2 4,561

10,512 440

50,797 3,746

45,168 6,589

104,348 25,684

105,666 56,191

177,106 35,093

186,610 -7,340

102,486 29,850

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 29.1 1.0 1.0 23.6

.. 28.2 0.4 0.5 36.7

.. 28.3 0.5 0.2 55.9

8.3 26.4 0.8 0.3 57.1

8.9 25.2 0.7 0.2 58.3

9.1 24.3 0.7 0.2 58.9

7.5 27.2 0.4 0.2 58.7

6.5 24.6 0.4 0.2 62.6

4.9 24.7 7.1

5.3 22.0 5.6

3.8 26.9 6.3

3.1 24.9 6.7

4.2 25.1 6.5

3.3 25.4 7.2

2.4 24.8 7.1

1.5 24.6 6.2

8.3 14.1 3.5

6.4 9.6 4.4

6.6 13.0 4.5

5.6 10.5 8.2

6.6 15.8 11.4

5.2 15.9 11.5

5.3 12.9 8.6

6.8 11.1 8.6

658,701 176,389 3,084 182,910 5,159 71,348

1,284,276 416,035 8,918 452,272 15,893 167,801

1,680,203 636,015 15,799 606,336 31,679 283,042

3,036,877 1,379,877 50,293 1,249,941 47,095 1,020,250

3,663,806 1,705,209 57,433 1,458,037 55,744 1,315,338

4,647,614 2,108,858 71,066 1,745,763 72,985 1,856,343

5,874,893 2,451,581 85,456 2,066,863 79,889 2,288,782

6,234,784 2,114,647 84,949 1,796,936 70,430 2,823,603

132.6 35.5 17.7 16.0 14.9 30.5 4.7

109.5 35.5 12.7 23.9 11.8 36.8 4.5

78.1 29.6 11.5 12.4 13.2 57.0 5.6

44.5 20.2 6.3 32.1 10.5 166.0 9.8

38.0 17.7 5.5 34.3 10.2 202.8 10.8

34.5 15.6 4.8 38.2 9.6 255.4 12.8

30.9 12.9 3.9 35.3 9.7 302.4 13.3

39.0 13.2 4.8 39.0 9.8 342.0 18.9

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

38


EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

194,526 172,986 104,752 34,976 20,176 5,130 69,775 68,234 11,814 35,221 21,541 160

345,382 255,399 159,595 53,607 27,912 9,692 105,988 95,804 23,690 39,894 89,982 15,574

418,614 271,459 171,450 65,756 30,476 12,520 105,694 100,009 35,943 33,257 147,155 22,077

408,562 262,047 172,244 64,368 23,331 16,498 107,876 89,803 52,450 17,675 146,515 24,435

425,941 261,218 173,497 66,424 22,550 17,683 107,073 87,721 54,997 14,755 164,723 25,472

448,695 260,896 178,076 69,641 21,693 19,086 108,435 82,820 55,418 12,881 187,799 22,968

489,681 278,116 193,977 73,617 22,275 19,683 120,360 84,140 55,396 15,442 211,565 21,711

502,950 293,956 201,554 80,654 23,332 20,921 120,900 92,401 60,029 16,677 208,994 22,840

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

29,431 19,604 10,138 4,711 2,532 604 5,427 9,466 852 4,097 9,827 120

58,906 38,009 17,653 6,129 3,168 934 11,524 20,356 4,449 8,785 20,897 5,731

39,935 26,489 15,619 6,943 3,245 700 8,676 10,870 4,539 2,535 13,446 1,106

74,963 25,251 9,056 5,145 1,825 627 3,911 16,195 11,523 3,034 49,711 4,981

76,940 25,699 11,687 5,930 2,012 754 5,757 14,011 8,906 1,912 51,241 3,444

90,725 19,100 11,213 6,715 2,347 1,058 4,498 7,887 4,295 1,207 71,625 1,701

88,543 22,777 12,652 7,775 3,200 1,152 4,877 10,126 5,180 3,413 65,766 368

85,229 37,411 16,346 10,068 3,710 1,550 6,278 21,065 13,903 3,541 47,817 2,733

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

17,359 14,808 4,266 2,032 1,462 19 2,234 10,542 1,925 5,395 2,551 0

31,850 21,665 8,357 3,094 2,152 50 5,262 13,308 1,854 5,320 10,185 120

47,568 23,361 10,243 4,062 2,006 107 6,182 13,117 1,211 7,160 24,208 5,168

67,260 24,427 10,678 4,609 2,798 286 6,068 13,750 4,327 5,471 42,833 2,115

63,005 25,140 12,511 4,676 2,891 324 7,835 12,629 5,441 2,684 37,865 3,022

76,027 22,886 15,007 4,969 3,336 368 10,038 7,879 2,591 2,606 53,141 2,719

73,455 23,089 13,742 4,781 2,775 413 8,961 9,347 3,831 1,675 50,366 1,533

82,465 24,821 12,749 4,588 2,583 450 8,160 12,073 5,323 2,629 57,644 2,929

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

10,147 8,864 3,673 2,146 1,521 34 1,527 5,191 923 2,795 1,283 2

15,539 12,046 6,283 3,051 1,999 69 3,232 5,763 1,238 2,462 3,493 503

20,377 12,838 7,238 3,833 2,146 87 3,404 5,600 2,300 1,921 7,539 1,942

12,859 8,647 4,043 2,018 1,028 133 2,025 4,605 3,232 845 4,211 1,293

14,257 9,275 4,468 2,245 1,168 131 2,223 4,807 3,673 609 4,982 1,486

17,461 10,588 5,103 2,492 1,298 134 2,611 5,486 3,968 717 6,873 1,495

16,859 10,117 4,664 2,282 1,085 146 2,382 5,453 4,027 595 6,743 1,239

15,345 9,431 3,946 1,726 734 139 2,220 5,485 4,392 547 5,914 1,154

Total change in external debt stocks 30,296 250 flows on external debt Non-debt flows (bill US$) Net 18,630 Cross-currency valuation 10,348

71,933 54,088 -1,772

-42,308 400 -17,219 -13,909

31,629 40,937 -15,831

34,081 78,234 Debt ratios (%) 30,560 70,037 3,693 7,558

29,816 3,888 13,993

.. 0 ..

0 1 0

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

350

9. 200 Debt restructurings

Total amount rescheduled Total amount forgiven Debt buyback 150

1,478 0 721

314 44 0

2,468 300 5 250 0

2,809 4 0

3 35 0

1 6 0

200 100

150 100

50

50 0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

2003

2004

Debt to exports

39

2005

2006

2007

2008

Reserves to debt

2009


EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

138,266 113,697 108,777 4,921 467 24,102 4,726

246,178 199,300 189,044 10,256 15,628 31,250 7,818

362,885 284,480 217,438 67,041 21,739 56,666 8,508

585,408 457,536 209,647 247,889 18,810 109,061 4,098

718,457 563,424 203,943 359,481 13,088 141,945 1,542

994,142 767,475 256,174 511,301 8,550 218,117 1,587

1,125,784 908,435 256,620 651,815 14,334 203,015 1,770

1,126,252 925,764 269,524 656,239 35,103 165,385 1,873

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

654 108,020 5,677 23,415

28,017 188,556 10,745 14,532

14,077 216,905 67,574 21,424

3,545 208,991 248,545 30,684

2,020 203,318 360,106 34,021

2,136 255,248 512,227 68,324

2,938 255,183 653,252 47,723

4,864 267,884 657,880 45,521

External debt flows Disbursements Long-term external debt IMF purchases

24,038 23,949 89

22,954 14,930 8,024

40,993 36,624 4,369

146,709 143,919 2,789

182,702 179,621 3,081

292,415 291,170 1,245

295,762 287,116 8,646

221,533 200,414 21,119

Principal repayments Long-term external debt IMF repurchases

15,851 15,449 402

12,755 12,106 649

30,964 26,057 4,907

95,096 82,512 12,585

104,530 95,640 8,889

117,931 111,651 6,280

163,403 160,915 2,488

184,036 183,102 935

Net flows Long-term external debt Short-term external debt

1,507 8,500 -6,680

14,141 2,824 3,943

18,626 10,568 8,597

69,969 61,408 18,357

113,613 83,981 35,440

250,206 179,520 75,721

117,074 126,201 -15,285

-236 17,313 -37,733

Interest payments Long-term external debt IMF charges Short-term external debt

9,492 7,536 70 1,885

9,231 7,575 549 1,108

16,484 12,610 1,062 2,812

25,674 20,330 1,125 4,219

32,949 26,218 905 5,826

42,742 34,283 623 7,836

52,178 45,768 429 5,981

45,706 41,039 437 4,230

688 89

5,599 248

9,386 993

51,115 6,667

92,297 12,279

133,195 27,006

160,127 -15,104

85,053 4,990

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.4 1.4 5.8 35.0

.. 8.2 0.8 2.7 47.6

.. 5.2 0.3 0.3 64.2

20.9 3.3 0.2 0.5 71.0

22.6 3.4 0.1 1.1 68.7

21.4 2.9 0.1 1.0 71.7

22.0 3.6 0.0 1.1 70.7

25.7 3.5 0.0 0.5 67.8

7.8 13.2 6.2

5.7 17.0 5.4

5.7 17.7 5.3

2.7 23.0 6.4

3.9 18.5 5.9

4.3 18.4 6.1

4.2 19.7 7.0

2.4 18.6 5.9

8.5 11.9 6.6

6.5 6.2 2.6

8.7 10.2 7.5

5.4 8.0 5.9

5.9 7.6 6.1

5.9 7.4 5.2

5.8 7.7 5.5

6.2 6.4 5.9

935,756 0 3,246 0 161 0

753,413 201,494 6,482 221,617 622 42,638

686,230 258,838 10,357 245,288 2,973 67,171

1,645,761 614,130 23,262 608,477 32,310 311,761

2,007,226 760,788 28,397 777,586 55,003 483,365

2,595,979 943,336 39,332 1,026,817 76,773 709,471

3,205,318 1,229,612 45,824 1,304,038 101,557 651,631

2,519,190 854,438 35,421 899,745 64,454 677,650

0.0 14.8 0.0 17.4 9.6 0.0 0.0

122.2 32.7 10.9 12.7 7.6 17.3 2.3

140.2 52.9 18.3 15.6 8.0 18.5 3.3

95.3 35.6 19.7 18.6 6.5 53.3 6.1

94.4 35.8 18.1 19.8 5.6 67.3 7.5

105.4 38.3 17.0 21.9 4.6 71.4 8.3

91.6 35.1 17.5 18.0 4.3 57.9 6.0

131.8 44.7 26.9 14.7 5.2 60.2 9.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

40


EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

113,697 108,777 32,723 13,315 8,704 157 19,408 76,054 7,195 43,653 4,921 16

199,300 189,044 98,526 18,706 10,853 669 79,820 90,518 21,373 35,523 10,256 149

284,480 217,438 114,512 28,954 18,825 2,667 85,559 102,926 68,437 24,675 67,041 3,333

457,536 209,647 86,083 37,864 21,682 5,548 48,219 123,565 78,939 39,486 247,889 46,324

563,424 203,943 64,690 40,527 22,113 6,188 24,162 139,253 89,819 44,970 359,481 70,578

767,475 256,174 70,822 45,749 22,602 6,862 25,073 185,353 114,226 67,762 511,301 107,748

908,435 256,620 76,180 48,593 23,010 7,160 27,587 180,440 120,017 57,631 651,815 115,663

925,764 269,524 89,155 59,033 25,479 7,631 30,122 180,370 126,853 51,037 656,239 108,489

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

23,949 22,188 5,584 1,580 896 0 4,003 16,604 1,019 2,567 1,761 0

14,930 12,726 5,298 3,395 2,157 370 1,904 7,427 2,376 1,579 2,205 0

36,624 21,115 6,840 4,293 2,592 351 2,547 14,275 7,907 5,290 15,509 566

143,919 26,141 5,182 4,242 1,814 420 940 20,959 7,787 12,952 117,779 21,494

179,621 30,635 6,035 4,882 2,477 412 1,153 24,599 14,085 10,382 148,987 25,316

291,170 65,808 8,625 5,770 2,153 468 2,854 57,184 27,649 29,372 225,362 42,353

287,116 40,380 11,159 7,367 2,825 423 3,791 29,221 17,901 11,166 246,736 16,253

200,414 39,215 17,899 13,418 4,672 509 4,481 21,316 15,267 5,879 161,200 3,258

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

15,449 13,952 2,787 1,276 1,026 4 1,511 11,165 47 6,422 1,497 0

12,106 10,933 3,648 1,984 901 6 1,665 7,285 2,765 1,829 1,172 0

26,057 12,673 5,738 2,224 952 6 3,514 6,935 2,241 2,424 13,384 900

82,512 38,986 23,814 3,978 2,868 23 19,836 15,172 10,660 3,000 43,526 1,982

95,640 43,564 30,937 3,750 2,635 38 27,187 12,627 5,614 6,040 52,076 1,524

111,651 23,020 6,636 3,806 2,389 56 2,830 16,384 7,283 7,905 88,631 6,794

160,915 36,825 6,265 4,002 2,448 75 2,263 30,560 10,308 19,509 124,090 7,607

183,102 27,965 5,854 3,851 2,314 92 2,003 22,111 9,620 11,959 155,136 10,558

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

7,536 7,095 1,894 966 703 1 928 5,201 494 3,430 441 1

7,575 7,200 3,083 1,018 588 3 2,065 4,117 1,616 1,402 375 13

12,610 9,010 2,971 1,537 1,068 19 1,434 6,038 4,277 1,247 3,601 310

20,330 12,278 4,033 1,433 866 45 2,600 8,246 6,422 1,530 8,051 2,727

26,218 12,541 3,523 1,573 1,066 47 1,950 9,018 6,431 2,337 13,677 4,528

34,283 13,005 2,619 1,884 1,212 50 734 10,386 7,500 2,667 21,278 6,996

45,768 14,691 2,649 1,889 1,079 54 759 12,042 8,688 3,171 31,077 7,885

41,039 13,075 2,240 1,592 843 53 648 10,835 8,765 1,929 27,965 8,053

Total change in external debt stocks 12,395 200 flows on external debt Non-debt flows (bill US$) Net 1,507 Cross-currency valuation 5,885

13,906 14,141 4,359

9,075 200 18,626 -6,983

64,986 69,969 -13,012

133,049 275,686 Debt ratios250,206 (%) 113,613 6,370 7,931

131,642 117,074 -1,403

.. 0 ..

10,047 0 30

29,177 150 12 0

596 109 0

54 42 127

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

175

9. Debt restructurings Total 150amount rescheduled Total amount forgiven Debt 125buyback

0 0 882

1,357 105 0

39 26 0

100

100 75

50

50 25

0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

2003

2004

Debt to exports

41

2005

2006

2007

2008

Reserves to debt

2009


LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

441,198 349,923 325,178 24,745 17,968 73,307 25,542

608,666 459,179 371,875 87,303 26,632 122,856 10,303

751,080 631,268 389,547 241,722 8,846 110,966 1,674

740,598 624,393 410,589 213,804 13,122 103,084 8,900

736,620 635,470 394,105 241,365 737 100,414 8,320

835,365 699,415 406,740 292,675 804 135,147 10,367

890,515 749,904 420,086 329,817 824 139,787 10,940

912,980 773,100 432,115 340,984 1,243 138,637 11,598

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

24,264 321,813 28,110 25,845

15,834 369,910 89,269 49,943

3,510 386,607 244,661 66,082

12,361 408,195 216,198 55,252

13,148 391,890 243,580 50,587

16,976 404,542 294,873 53,069

19,261 417,502 332,402 61,868

20,443 428,553 344,547 82,039

External debt flows Disbursements Long-term external debt IMF purchases

32,291 27,558 4,733

89,784 74,013 15,772

119,852 116,343 3,510

107,092 106,500 593

135,421 134,857 564

152,589 152,340 249

164,602 164,388 213

157,299 156,849 450

Principal repayments Long-term external debt IMF repurchases

21,790 18,138 3,651

43,123 40,290 2,832

124,162 109,925 14,237

122,010 93,838 28,172

150,113 137,430 12,683

106,039 105,819 220

109,691 109,518 173

103,963 103,910 53

Net flows Long-term external debt Short-term external debt

18,134 9,420 7,633

61,054 33,722 14,392

-5,226 6,418 -917

814 12,661 15,732

-16,782 -2,573 -2,090

79,237 46,521 32,687

58,978 54,870 4,067

51,528 52,940 -1,808

Interest payments Long-term external debt IMF charges Short-term external debt

21,711 17,915 1,435 2,362

35,904 28,411 1,100 6,393

54,789 47,273 777 6,739

40,395 34,336 1,732 4,327

45,720 40,672 330 4,718

47,406 41,711 35 5,660

45,914 41,963 26 3,925

42,733 39,903 9 2,820

8,121 2,464

30,202 5,216

79,040 -561

72,223 12,209

71,954 11,047

109,405 28,837

127,864 -9,688

73,622 41,584

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) .. 6.2 1.6 1.0 59.6

.. 8.2 1.1 0.6 62.1

.. 6.6 0.6 0.3 73.4

9.5 3.4 0.2 0.2 82.0

10.7 3.0 0.3 0.1 81.7

11.3 2.7 0.2 0.1 82.3

10.1 3.2 0.1 0.1 83.7

11.1 4.0 0.4 0.2 82.2

7.0 18.1 4.9

7.6 14.2 4.1

5.9 12.5 2.8

4.4 18.8 4.9

5.4 18.9 5.4

5.2 18.2 5.0

3.6 20.6 5.3

2.1 18.8 6.3

9.1 11.0 5.2

6.8 4.1 2.9

9.4 12.6 11.6

7.3 14.5 12.0

6.2 14.8 12.6

7.2 16.5 12.8

6.5 15.9 11.3

6.1 11.8 11.0

1,049,965 177,594 5,681 189,189 7,323 58,057

1,698,189 289,620 13,318 343,893 14,909 138,616

1,961,805 442,911 20,164 512,722 22,787 158,413

2,559,479 667,094 50,119 685,910 53,318 257,309

3,008,168 799,235 59,197 818,367 76,781 312,791

3,555,152 912,208 63,117 968,137 90,221 450,589

4,145,756 1,045,060 64,620 1,145,725 94,413 500,720

3,851,824 819,368 56,879 891,518 75,275 552,745

248.4 42.0 24.5 16.6 13.5 13.2 3.7

210.2 35.8 27.3 20.2 11.9 22.8 4.8

169.6 38.3 40.4 14.8 12.3 21.1 3.7

111.0 28.9 24.3 13.9 13.9 34.7 4.5

92.2 24.5 24.9 13.6 13.0 42.5 4.6

91.6 23.5 16.8 16.2 11.4 53.9 5.6

85.2 21.5 14.9 15.7 11.4 56.2 5.2

111.4 23.7 17.9 15.2 12.6 60.5 7.4

Euro Japanese yen Pound sterling Swiss franc U.S.dollars

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

42


LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

349,923 325,178 120,583 59,684 34,683 1,117 60,899 204,595 75,572 100,991 24,745 171

459,179 371,875 159,015 72,134 36,299 2,186 86,881 212,860 165,105 34,360 87,303 33,829

631,268 389,547 139,647 92,649 37,429 3,387 46,998 249,899 210,023 31,416 241,722 60,325

624,393 410,589 134,169 103,241 34,958 5,049 30,928 276,420 233,541 38,493 213,804 74,487

635,470 394,105 123,761 95,868 31,528 1,529 27,893 270,344 227,616 39,590 241,365 80,608

699,415 406,740 121,313 95,345 31,534 1,692 25,968 285,427 237,985 43,348 292,675 96,010

749,904 420,086 130,560 101,348 33,857 1,778 29,212 289,527 243,525 42,632 329,817 80,983

773,100 432,115 149,077 115,208 40,439 1,468 33,869 283,039 242,880 35,991 340,984 101,621

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

27,558 22,860 13,106 8,925 6,114 119 4,182 9,754 1,938 4,746 4,698 171

74,013 46,483 23,663 9,893 4,624 277 13,771 22,819 13,654 7,427 27,530 7,412

116,343 58,440 16,174 13,297 5,595 202 2,877 42,266 35,022 6,499 57,903 8,312

106,500 54,835 12,889 10,531 3,550 306 2,359 41,946 35,298 6,151 51,664 15,066

134,857 49,411 16,741 14,677 5,570 178 2,064 32,669 24,854 7,218 85,447 19,459

152,340 45,711 14,755 13,052 3,067 129 1,703 30,956 24,473 6,149 106,629 26,341

164,388 63,373 19,325 15,750 5,679 114 3,574 44,049 36,092 7,798 101,015 8,440

156,849 69,607 32,271 25,614 10,790 157 6,656 37,337 32,530 4,141 87,242 27,821

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

18,138 15,967 6,423 4,728 3,297 9 1,696 9,544 1,912 5,100 2,171 0

40,290 27,594 14,493 8,309 4,974 21 6,184 13,101 5,833 4,240 12,696 3,922

109,925 51,901 16,787 9,787 3,798 18 7,000 35,114 26,575 6,934 58,024 8,849

93,838 43,905 16,653 10,922 4,561 39 5,730 27,252 19,194 7,273 49,933 10,583

137,430 78,881 24,546 19,236 9,143 29 5,310 54,334 43,064 10,117 58,549 13,165

105,819 47,718 15,853 10,815 3,311 14 5,038 31,865 24,603 6,482 58,100 12,763

109,518 47,503 12,868 10,494 3,407 24 2,374 34,635 27,882 6,122 62,015 9,126

103,910 37,286 13,449 9,768 4,301 20 3,681 23,837 13,926 8,723 66,624 6,135

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

17,915 15,680 5,433 4,107 2,533 8 1,326 10,247 2,365 6,628 2,235 0

28,411 22,582 8,830 4,850 2,651 23 3,981 13,751 11,254 1,568 5,829 2,597

47,273 29,249 8,531 6,323 2,801 17 2,208 20,717 17,194 2,715 18,024 5,185

34,336 24,175 5,589 4,451 1,507 37 1,137 18,586 16,756 1,630 10,161 4,487

40,672 24,655 5,992 4,984 1,813 23 1,007 18,663 16,552 1,935 16,018 7,481

41,711 25,351 5,995 5,020 1,781 12 976 19,356 17,342 1,709 16,359 7,095

41,963 23,775 5,462 4,658 1,545 14 804 18,313 16,425 1,631 18,188 6,226

39,903 22,157 5,035 4,089 1,302 12 946 17,122 15,076 1,748 17,746 6,334

Total change in external debt stocks 19,420 150 flows on external debt Non-debt flows (bill US$) Net 18,134 Cross-currency valuation 11,380

63,262 61,054 1,918

-15,300 200 -5,226 -9,902

-66,610 814 -14,331

-3,978 98,745 Debt ratios (%) -16,782 79,237 2,202 8,361

55,150 58,978 -118

.. 0 ..

7,922 534 102

5,236 150 116 15,851

25,998 866 736

352 218 1,406

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

9. 125 Debt restructurings Total amount rescheduled Total amount forgiven 100 Debt buyback

63,474 173 2,756

2,336 351 5,450

1,135 1,223 2,712

100

75

50

50 25

0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2001

2009

Portfolio equity flows

2002

2003

2004

Debt to exports

43

2005

2006

2007

2008

Reserves to debt

2009


MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

136,835 115,594 114,176 1,418 1,815 19,427 2,994

161,737 141,185 140,298 887 2,177 18,375 2,673

139,240 116,552 112,582 3,970 2,542 20,145 2,629

145,466 122,671 115,909 6,762 547 22,247 298

136,977 115,075 108,458 6,616 423 21,479 308

148,337 123,047 116,424 6,623 353 24,937 256

137,937 116,911 110,254 6,657 258 20,768 259

141,321 118,719 112,569 6,150 200 22,402 328

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

8,303 114,010 1,583 15,023

8,720 139,870 1,315 12,036

9,977 112,216 4,336 10,205

510 115,261 7,410 13,471

482 107,708 7,367 12,011

442 115,381 7,665 10,740

419 109,301 7,610 8,575

418 111,685 7,034 10,874

External debt flows Disbursements Long-term external debt IMF purchases

13,189 13,124 65

11,547 10,958 590

9,247 9,223 24

14,791 14,791 0

11,917 11,917 0

14,799 14,721 78

11,891 11,845 46

13,543 13,541 2

Principal repayments Long-term external debt IMF repurchases

12,070 11,674 397

11,418 11,029 390

10,936 10,698 238

14,875 14,130 745

24,885 24,734 150

14,379 14,213 166

16,307 16,172 135

12,925 12,862 64

Net flows Long-term external debt Short-term external debt

2,755 1,450 1,636

3,702 -71 3,573

-3,016 -1,475 -1,327

177 661 261

-13,745 -12,818 -777

3,929 508 3,509

-8,587 -4,327 -4,171

2,182 679 1,564

Interest payments Long-term external debt IMF charges Short-term external debt

5,767 4,395 180 1,192

7,393 6,311 112 970

5,867 4,888 130 849

6,010 4,795 32 1,184

5,971 4,785 14 1,172

5,843 4,743 12 1,088

5,406 4,782 7 617

4,897 4,297 3 597

561 5

871 32

3,878 252

16,763 2,410

27,228 963

27,601 -2,096

29,295 422

24,350 1,228

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 7.3 1.6 1.2 44.2

.. 9.8 1.1 1.0 42.2

.. 11.1 0.8 1.1 49.5

30.7 9.3 1.5 1.4 43.3

33.0 8.7 1.5 1.4 41.3

35.4 8.3 1.4 1.2 38.9

33.7 10.4 0.5 1.1 38.5

34.3 9.7 0.5 1.2 37.8

5.5 21.6 6.3

5.3 18.2 5.1

4.5 19.7 5.6

3.7 19.1 5.2

3.6 22.1 6.9

3.4 19.9 5.9

3.4 20.4 5.3

2.2 21.6 5.7

8.9 7.5 2.3

7.0 9.5 3.7

7.1 8.0 4.5

5.6 8.0 6.1

6.8 10.9 7.8

5.9 8.4 6.2

8.6 5.8 5.6

7.7 7.2 6.5

221,824 74,128 11,393 84,443 614 15,859

273,070 89,138 12,693 91,459 941 38,387

362,858 117,615 12,042 105,104 1,721 49,482

539,603 242,724 23,647 175,820 5,200 148,207

623,450 284,886 25,125 196,692 5,377 186,054

761,228 342,976 31,041 249,937 5,974 234,053

926,486 407,058 34,699 326,047 7,258 277,486

919,356 377,359 32,291 276,161 5,261 301,670

184.6 61.7 24.1 14.2 11.3 11.6 2.3

181.4 59.2 21.1 11.4 14.1 23.7 5.0

118.4 38.4 14.3 14.5 16.6 35.5 5.6

59.9 27.0 8.6 15.3 17.8 101.9 10.1

48.1 22.0 10.8 15.7 18.8 135.8 11.4

43.2 19.5 5.9 16.8 20.7 157.8 11.2

33.9 14.9 5.3 15.1 22.5 201.2 10.2

37.4 15.4 4.7 15.9 24.5 213.5 13.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

44


MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

115,594 114,176 70,682 15,414 8,249 1,774 55,268 43,494 1,683 13,623 1,418 0

141,185 140,298 105,109 22,871 10,646 2,105 82,237 35,189 2,036 10,340 887 50

116,552 112,582 88,170 23,105 7,664 2,685 65,065 24,412 7,375 8,412 3,970 836

122,671 115,909 77,511 25,916 6,757 3,344 51,594 38,399 22,142 8,718 6,762 1,011

115,075 108,458 70,323 25,807 6,144 3,616 44,516 38,135 23,179 8,082 6,616 805

123,047 116,424 76,694 30,673 7,447 3,795 46,021 39,730 24,579 8,966 6,623 530

116,911 110,254 74,398 30,983 7,123 3,802 43,415 35,855 23,907 7,640 6,657 470

118,719 112,569 77,769 34,673 8,016 3,831 43,096 34,800 23,946 7,378 6,150 670

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

13,124 13,035 5,681 2,353 1,154 37 3,328 7,354 0 732 89 0

10,958 10,775 5,986 3,503 1,455 128 2,483 4,790 888 874 183 50

9,223 7,943 3,413 1,947 532 118 1,465 4,530 2,031 1,092 1,281 115

14,791 12,871 5,415 3,832 895 202 1,583 7,455 4,144 2,265 1,920 530

11,917 10,720 5,082 3,457 739 225 1,625 5,637 3,799 1,447 1,197 0

14,721 12,966 7,051 5,575 1,723 145 1,477 5,915 3,635 2,077 1,755 0

11,845 9,737 6,276 3,709 684 126 2,567 3,461 2,257 1,029 2,108 0

13,541 11,946 7,993 5,680 1,625 110 2,313 3,953 2,894 998 1,595 200

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

11,674 11,497 4,203 1,268 745 14 2,935 7,293 76 1,586 177 0

11,029 10,902 7,349 2,021 1,109 28 5,328 3,553 278 629 127 0

10,698 10,461 5,914 2,014 869 45 3,900 4,547 896 1,425 237 50

14,130 13,321 7,685 3,404 1,030 76 4,281 5,635 1,883 1,764 809 265

24,734 23,079 16,160 4,765 1,673 82 11,396 6,918 2,810 2,471 1,656 206

14,213 11,802 5,881 2,640 771 90 3,241 5,922 2,620 1,923 2,411 275

16,172 14,189 7,944 2,615 986 98 5,329 6,245 3,021 1,723 1,983 60

12,862 10,632 5,655 2,346 731 103 3,310 4,977 2,621 1,347 2,230 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4,395 4,290 2,058 852 593 12 1,207 2,232 124 720 104 0

6,311 6,278 4,258 1,361 748 15 2,897 2,020 88 617 33 0

4,888 4,734 3,127 1,305 602 20 1,822 1,607 458 569 154 69

4,795 4,505 2,491 1,014 308 28 1,477 2,014 1,366 320 290 90

4,785 4,481 2,266 1,031 296 27 1,235 2,215 1,499 399 304 74

4,743 4,470 2,139 1,088 329 28 1,051 2,330 1,591 430 274 57

4,782 4,522 2,233 1,199 352 30 1,034 2,289 1,623 401 260 40

4,297 4,036 2,025 1,075 260 28 950 2,011 1,603 267 262 43

Total change in external debt stocks -3,464 40 flows on external debt Non-debt flows (bill US$) Net 2,755 Cross-currency valuation 5,288

7,034 3,702 2,160

-9,756 250 -3,016 -4,067

-21,299 177 -7,835

-8,489 11,360 Debt ratios (%) -13,745 3,929 4,352 6,120

-10,400 -8,587 -1,166

.. 0 ..

58 65 2,038

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

9. Debt restructurings Total 30 amount rescheduled Total amount forgiven Debt buyback

4,565 10,614 0

200

8,947 357 0

908 179 85 150

1,936 10,453 0

208 123 0

238 40 0

20

100 10

50

0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

2003

2004

Debt to exports

45

2005

2006

2007

2008

Reserves to debt

2009


SOUTH ASIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

126,331 109,312 107,585 1,727 4,686 12,333 19

152,282 137,937 129,636 8,301 5,293 9,051 59

161,045 153,068 134,554 18,514 1,918 6,059 120

188,169 174,110 116,079 58,031 2,208 11,851 30

232,047 201,149 126,388 74,761 2,232 28,665 18

286,330 242,464 143,651 98,813 2,277 41,589 36

318,864 264,016 154,174 109,843 5,374 49,473 32

339,983 282,407 159,965 122,442 9,081 48,495 46

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

35 106,814 2,498 13,853

81 128,962 8,975 8,435

276 133,781 19,287 12,817

68 115,907 58,203 9,332

90 126,237 74,912 10,948

150 143,517 98,947 20,520

86 153,980 110,037 12,319

142 159,762 122,645 9,551

External debt flows Disbursements Long-term external debt IMF purchases

12,000 10,156 1,844

12,071 11,869 202

14,192 13,998 195

24,681 24,425 256

38,514 38,343 171

71,418 71,330 88

47,917 44,474 3,443

35,007 31,030 3,978

Principal repayments Long-term external debt IMF repurchases

5,219 4,077 1,142

11,610 9,605 2,006

9,798 9,315 483

22,032 21,756 275

15,134 14,873 261

35,068 34,911 157

27,301 27,033 268

15,188 14,832 356

Net flows Long-term external debt Short-term external debt

8,331 6,079 1,550

2,497 2,264 2,037

3,456 4,683 -938

4,933 2,669 2,284

40,206 23,470 16,826

49,256 36,419 12,906

28,504 17,441 7,888

18,827 16,198 -992

Interest payments Long-term external debt IMF charges Short-term external debt

6,026 4,577 247 1,202

6,524 5,666 234 624

5,659 5,277 58 323

5,674 5,202 26 446

6,355 5,736 26 592

8,982 6,910 23 2,048

9,021 7,288 23 1,710

7,100 6,360 76 664

540 0

2,931 1,585

4,358 2,518

11,185 12,406

26,037 10,388

32,310 36,093

48,715 -15,836

38,311 20,538

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 12.6 5.0 0.6 53.6

.. 17.0 3.6 0.7 46.0

.. 15.3 2.8 0.3 56.6

7.4 19.1 2.2 0.3 54.4

7.4 18.4 1.9 0.2 55.6

7.1 17.2 1.5 0.2 56.7

6.2 20.1 1.3 0.2 54.9

6.1 18.9 1.2 0.1 56.0

3.7 28.9 8.1

3.7 25.8 7.7

5.1 23.4 6.4

2.0 28.1 8.0

3.1 26.5 6.3

3.5 25.8 6.9

1.7 27.4 7.6

2.0 24.1 6.9

6.9 14.8 7.1

5.8 6.0 3.9

4.4 5.3 4.6

5.2 5.4 4.4

6.4 9.3 8.1

6.6 9.3 4.7

3.2 8.7 3.8

6.6 6.3 4.7

400,537 35,587 5,571 53,492 93 8,896

473,560 61,117 10,005 86,693 392 30,704

603,639 88,739 17,206 116,954 721 47,221

1,047,164 201,500 33,924 258,918 7,979 156,713

1,185,549 248,231 42,523 316,030 11,542 198,414

1,501,975 299,599 54,041 383,023 14,851 302,179

1,530,319 364,779 71,598 496,278 14,740 275,856

1,644,307 325,657 74,850 408,636 3,905 314,494

355.0 31.5 31.6 9.8 30.4 7.0 2.0

249.2 32.2 29.7 5.9 37.3 20.2 4.3

181.5 26.7 17.4 3.8 37.9 29.3 4.8

93.4 18.0 13.7 6.3 37.0 83.3 7.3

93.5 19.6 8.7 12.4 32.7 85.5 7.5

95.6 19.1 14.7 14.5 29.1 105.5 9.5

87.4 20.8 10.0 15.5 27.9 86.5 6.7

104.4 20.7 6.8 14.3 27.7 92.5 9.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

46


SOUTH ASIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

109,312 107,585 82,873 38,389 9,646 21,381 44,483 24,712 2,785 16,927 1,727 0

137,937 129,636 104,110 56,867 13,035 29,001 47,242 25,526 3,474 14,176 8,301 1,065

153,068 134,554 101,787 61,051 10,209 31,963 40,736 32,767 10,928 19,662 18,514 1,560

174,110 116,079 109,216 69,558 7,514 42,193 39,658 6,862 2,525 3,769 58,031 6,461

201,149 126,388 116,210 75,902 8,151 45,803 40,308 10,178 4,178 5,483 74,761 11,204

242,464 143,651 126,562 83,233 8,766 48,915 43,330 17,089 7,879 8,704 98,813 16,277

264,016 154,174 136,936 88,846 9,376 49,529 48,089 17,238 7,670 9,104 109,843 15,682

282,407 159,965 143,409 94,140 9,817 51,440 49,269 16,556 8,692 7,460 122,442 16,181

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

10,156 9,903 6,855 4,386 1,576 1,545 2,469 3,049 416 2,071 252 0

11,869 9,935 6,392 3,972 860 1,374 2,420 3,542 85 1,901 1,934 520

13,998 13,411 6,119 4,347 866 1,655 1,772 7,293 5,520 942 586 0

24,425 10,963 7,368 5,728 1,081 2,709 1,640 3,595 2,314 1,245 13,462 3,520

38,343 13,896 8,252 6,235 1,134 2,452 2,016 5,645 3,252 2,368 24,447 4,799

71,330 22,140 9,244 6,966 1,178 2,572 2,278 12,896 8,639 4,246 49,190 7,793

44,474 23,519 11,008 7,852 1,176 2,151 3,156 12,511 11,507 972 20,955 594

31,030 13,711 11,305 8,054 1,215 2,932 3,251 2,406 2,115 283 17,319 2,473

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4,077 3,718 2,359 1,009 553 151 1,350 1,359 279 369 359 0

9,605 9,107 5,763 2,227 1,173 318 3,537 3,343 320 2,002 498 0

9,315 8,607 5,350 2,827 1,231 548 2,523 3,257 50 2,868 707 35

21,756 14,497 4,461 2,166 523 949 2,295 10,035 8,565 1,282 7,260 117

14,873 6,988 4,643 2,485 543 1,069 2,158 2,345 1,597 670 7,886 57

34,911 11,357 4,803 2,516 631 1,112 2,287 6,554 5,313 1,199 23,554 409

27,033 16,278 5,565 3,079 687 1,223 2,486 10,714 9,533 1,137 10,755 880

14,832 8,417 5,403 3,158 707 1,318 2,245 3,014 1,088 1,884 6,415 1,779

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4,577 4,429 2,166 1,064 752 149 1,102 2,263 180 1,803 148 0

5,666 5,004 2,934 1,640 995 215 1,294 2,070 196 1,317 663 58

5,277 4,396 2,268 1,366 613 236 902 2,127 210 1,811 881 227

5,202 3,930 1,894 899 252 342 995 2,036 1,849 171 1,272 151

5,736 2,401 2,039 1,132 387 343 907 362 154 198 3,336 276

6,910 2,714 2,228 1,322 470 355 906 486 211 265 4,196 404

7,288 2,912 2,286 1,328 401 388 958 627 290 327 4,376 345

6,360 2,595 2,109 1,073 254 370 1,036 486 259 220 3,765 346

Total change in external debt stocks 14,605 100 flows on external debt Non-debt flows (bill US$) Net 8,331 Cross-currency valuation 2,928

-787 2,497 -4,425

-1,676 200 3,456 -7,787

-5,568 4,933 -10,517

43,878 54,284 Debt ratios (%) 40,206 49,256 3,335 4,667

32,533 28,504 4,373

.. 0 ..

0 7 0

918 150

265 2 0

52 583 0

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

9. Debt restructurings Total75amount rescheduled Total amount forgiven Debt buyback

0 0 0

9 0

50

100

25

50

0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

95 83 0

2003

2004

Debt to exports

47

842 166 0

2005

2006

2007

2008

Reserves to debt

2009


SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

176,411 149,115 143,851 5,264 6,606 20,689 9,522

235,842 186,684 174,924 11,760 8,654 40,504 20,734

211,158 172,882 161,534 11,348 6,734 31,542 13,570

214,467 177,556 168,909 8,648 5,947 30,963 14,250

170,444 126,028 116,747 9,281 3,140 41,275 15,155

188,889 140,814 124,380 16,434 3,341 44,734 14,565

195,527 143,103 128,772 14,330 3,963 48,461 13,650

198,976 156,260 138,861 17,399 6,261 36,456 11,654

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

17,760 143,664 5,451 11,448

41,062 174,798 11,886 9,157

25,534 160,627 12,255 8,356

24,027 168,811 8,746 23,638

24,659 116,711 9,318 12,247

22,951 124,353 16,461 18,155

21,439 128,754 14,349 17,401

19,911 138,842 17,418 26,644

External debt flows Disbursements Long-term external debt IMF purchases

10,312 9,652 660

14,004 11,010 2,994

10,104 9,580 525

16,050 15,727 323

13,144 12,847 298

24,064 23,710 354

14,390 12,977 1,413

24,688 22,065 2,623

Principal repayments Long-term external debt IMF repurchases

5,568 4,620 947

9,419 7,048 2,371

9,016 8,556 460

12,131 11,384 747

17,102 16,745 357

13,548 13,251 296

8,986 8,299 687

9,605 9,220 385

Net flows Long-term external debt Short-term external debt

7,001 5,031 2,257

7,502 3,963 2,917

-1,797 1,023 -2,886

6,947 4,343 3,028

5,450 -3,898 9,407

14,565 10,459 4,049

10,046 4,678 4,642

5,073 12,845 -10,010

Interest payments Long-term external debt IMF charges Short-term external debt

5,286 4,348 238 701

5,337 3,975 559 803

4,443 3,319 43 1,081

7,961 7,322 27 612

4,302 3,420 39 842

5,240 4,063 14 1,163

5,010 3,596 494 921

3,981 3,261 28 692

1,187 393

4,258 2,952

6,543 4,164

17,954 8,121

20,155 16,805

28,514 10,147

34,498 -5,647

30,266 9,966

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 4.1 5.5 2.3 36.5

.. 5.5 3.8 2.1 40.7

.. 4.1 2.1 1.5 61.4

19.8 3.6 4.2 1.9 55.0

22.8 3.2 1.8 2.5 51.8

21.8 2.7 1.6 2.5 51.9

19.4 3.8 1.1 2.6 53.6

18.8 3.2 1.2 2.5 53.7

3.5 28.4 7.7

1.8 31.7 8.7

1.1 36.3 9.1

4.4 21.4 4.5

1.5 29.7 7.3

1.4 31.5 7.9

1.8 30.5 8.1

2.6 24.8 6.4

8.1 11.6 2.7

5.7 12.4 1.9

5.8 7.7 2.1

5.6 7.2 1.9

6.8 11.3 4.9

6.7 8.3 5.3

4.0 8.1 1.3

5.8 8.3 4.1

281,623 78,552 1,785 86,132 2,768 15,362

310,096 90,831 3,178 111,987 3,952 20,652

319,713 114,029 4,627 118,497 7,860 36,505

601,468 241,016 9,400 242,962 17,244 82,407

705,045 279,380 12,651 290,892 27,734 114,876

799,087 329,764 18,568 365,193 38,606 141,827

914,091 398,746 21,345 436,288 43,082 152,687

867,375 299,420 20,810 346,963 24,479 150,820

224.6 62.6 13.8 11.7 21.6 8.7 2.1

259.6 76.1 16.2 17.2 23.1 8.8 2.2

185.2 66.0 11.8 14.9 25.8 17.3 3.7

89.0 35.7 8.3 14.4 33.8 38.4 4.1

61.0 24.2 7.7 24.2 25.3 67.4 4.7

57.3 23.6 5.7 23.7 25.3 75.1 4.7

49.0 21.4 3.5 24.8 25.6 78.1 4.2

66.5 22.9 5.9 18.3 27.3 75.8 5.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

48


SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

149,115 143,851 108,212 38,172 9,178 15,718 70,041 35,639 301 13,863 5,264 0

186,684 174,924 138,361 54,427 7,641 27,842 83,934 36,563 4,784 12,571 11,760 350

172,882 161,534 135,502 54,566 3,477 33,574 80,937 26,032 9,150 8,443 11,348 1,360

177,556 168,909 135,070 72,470 2,015 48,444 62,600 33,838 10,734 17,616 8,648 1,307

126,028 116,747 87,566 43,081 1,799 24,187 44,485 29,181 9,285 15,308 9,281 1,484

140,814 124,380 92,830 47,877 1,524 27,325 44,953 31,550 12,078 15,614 16,434 6,890

143,103 128,772 95,610 50,057 994 29,318 45,553 33,162 11,775 17,686 14,330 6,192

156,260 138,861 103,096 54,335 900 31,612 48,761 35,764 13,368 17,797 17,399 6,224

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

9,652 9,022 7,116 4,542 813 2,025 2,574 1,906 0 378 630 0

11,010 10,263 5,873 4,202 274 2,390 1,671 4,390 541 1,623 747 350

9,580 7,461 4,143 3,359 75 2,193 784 3,318 765 1,752 2,119 712

15,727 12,467 6,101 4,805 14 2,943 1,297 6,366 0 6,085 3,260 1,307

12,847 9,658 6,307 4,550 1 2,749 1,758 3,350 2,076 833 3,189 0

23,710 16,257 7,580 4,976 31 2,987 2,604 8,677 3,525 4,890 7,453 5,762

12,977 11,997 7,588 4,907 45 2,898 2,681 4,409 0 4,069 980 0

22,065 18,301 10,617 6,936 113 3,444 3,681 7,684 2,200 4,204 3,764 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4,620 4,155 2,541 1,343 721 51 1,197 1,614 31 997 466 0

7,048 5,808 2,975 2,016 1,056 120 959 2,834 40 1,261 1,240 0

8,556 7,159 3,440 1,630 552 225 1,811 3,719 480 2,444 1,398 0

11,384 10,677 6,587 1,554 286 248 5,033 4,091 1 3,525 706 0

16,745 14,234 8,196 1,553 284 238 6,643 6,038 1,742 3,172 2,511 0

13,251 11,240 5,149 1,734 406 195 3,414 6,091 1,222 3,856 2,012 1,390

8,299 6,392 3,746 2,000 620 463 1,746 2,645 52 2,170 1,907 698

9,220 7,815 3,392 1,759 202 266 1,633 4,423 294 3,657 1,405 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4,348 4,017 2,696 1,104 651 97 1,591 1,321 13 615 331 0

3,975 3,471 2,006 1,234 630 178 772 1,465 322 457 504 0

3,319 2,915 1,826 843 213 199 982 1,089 561 303 405 41

7,322 6,971 5,855 757 53 313 5,098 1,116 517 425 352 61

3,420 2,983 1,407 695 47 240 712 1,576 552 780 438 89

4,063 3,515 2,079 1,053 339 179 1,026 1,436 539 752 548 139

3,596 3,023 1,667 931 109 277 737 1,356 677 547 574 258

3,261 2,661 1,529 867 22 196 662 1,132 649 393 599 258

Total change in external debt stocks 19,745 50 flows on external debt Non-debt flows (bill US$) Net 7,001 Cross-currency valuation 7,661

14,545 7,502 921

-3,305 200 -1,797 -6,871

-22,336 6,947 -13,747

-44,023 18,445 Debt 5,450 ratios (%) 14,565 -26,895 3,455

6,638 10,046 -1,451

.. 0 ..

3,489 1,302 29

22,630 150 625 137

1,220 9,090 0

1,102 1,272 428

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

9. 40 Debt restructurings

Total amount rescheduled Total amount forgiven Debt buyback 30

5,987 1,583 0

789 15,425 0

895 1,787 3,322

100 20

50 10

0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

2003

2004

Debt to exports

49

2005

2006

2007

2008

Reserves to debt

2009


LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

103,958 90,375 88,993 1,383 5,337 8,245 3,592

130,267 112,369 109,551 2,818 6,760 11,139 7,765

125,357 107,322 104,423 2,899 5,608 12,427 7,859

135,485 118,661 116,422 2,239 5,431 11,393 7,245

110,475 93,450 90,584 2,866 3,079 13,946 7,737

122,413 104,036 99,923 4,113 3,444 14,933 7,746

129,531 109,987 104,501 5,485 4,342 15,202 6,807

135,593 116,809 110,863 5,946 5,951 12,833 5,869

8,561 88,399 1,976 8,205

19,081 109,056 3,313 5,089

16,091 104,095 3,227 5,179

14,317 116,259 2,402 6,974

14,945 90,475 2,975 8,549

15,944 99,799 4,237 10,458

15,004 104,376 5,610 12,106

15,933 110,730 6,079 11,050

External debt flows Disbursements Long-term external debt IMF purchases

7,123 6,597 525

8,777 5,986 2,792

4,879 4,420 459

7,032 6,574 457

7,374 6,909 465

9,279 8,851 428

10,339 8,715 1,624

13,518 11,666 1,853

Principal repayments Long-term external debt IMF repurchases

3,128 2,196 932

5,364 3,119 2,245

2,833 2,388 445

3,031 2,449 583

2,581 2,314 267

3,031 2,819 213

3,397 2,784 613

3,685 3,386 299

Net flows Long-term external debt Short-term external debt

4,715 4,401 720

3,722 2,867 309

1,516 2,032 -530

3,644 4,126 -357

6,854 4,595 2,061

7,225 6,032 978

8,151 5,932 1,208

8,403 8,280 -1,431

Interest payments Long-term external debt IMF charges Short-term external debt

1,813 1,321 207 285

2,124 1,470 490 164

1,382 1,034 45 303

1,264 1,054 23 186

1,308 1,005 38 265

1,800 1,501 14 286

2,106 1,413 497 196

1,478 1,298 33 147

944 5

1,540 -10

2,759 5

5,428 59

7,157 70

12,812 144

14,526 -27

12,033 -36

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 9.0 4.0 0.9 37.8

.. 11.4 2.9 0.9 41.3

.. 10.8 2.3 0.7 51.7

8.3 8.1 1.8 0.6 55.8

11.1 9.8 1.5 0.7 49.7

11.3 9.0 1.3 0.6 49.2

10.1 9.9 1.0 0.5 49.6

9.8 9.0 1.0 0.4 49.7

2.0 33.9 9.0

1.7 34.6 9.4

1.2 36.3 9.3

1.3 34.9 8.7

1.5 34.0 8.6

1.5 34.2 8.7

1.5 33.6 8.8

1.3 31.6 7.9

7.9 11.6 2.2

4.3 6.1 1.2

5.9 10.5 2.8

3.7 16.5 4.2

6.0 16.3 3.2

7.7 10.2 8.6

2.9 12.9 2.8

3.1 11.9 2.5

148,506 18,694 1,470 32,280 581 5,892

148,519 29,201 2,189 47,662 287 10,975

170,831 36,397 4,144 51,937 679 11,706

252,593 66,174 10,071 91,682 3,941 22,281

282,954 81,340 12,992 108,767 4,979 26,240

332,638 93,314 16,574 134,406 4,677 30,928

397,688 111,542 21,962 157,798 4,572 32,032

417,914 100,756 22,535 132,588 3,628 40,649

556.1 70.0 26.4 7.9 32.7 5.7 2.2

446.1 87.7 25.6 8.6 39.4 8.4 2.8

344.4 73.4 11.6 9.9 46.2 9.3 2.7

204.7 53.6 6.5 8.4 59.3 16.4 2.9

135.8 39.0 4.8 12.6 49.8 23.8 2.9

131.2 36.8 5.2 12.2 49.9 25.3 2.8

116.1 32.6 4.9 11.7 50.2 24.7 2.4

134.6 32.4 5.1 9.5 50.6 30.0 3.7

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

50


LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

90,375 88,993 81,360 33,959 2,679 19,348 47,401 7,633 301 2,264 1,383 0

112,369 109,551 104,329 51,317 1,692 31,736 53,012 5,222 129 1,630 2,818 0

107,322 104,423 100,747 57,944 752 37,441 42,802 3,676 7 1,717 2,899 250

118,661 116,422 112,499 80,361 618 53,690 32,139 3,923 1 1,710 2,239 0

93,450 90,584 86,897 54,970 622 32,148 31,927 3,687 1 1,746 2,866 0

104,036 99,923 95,357 61,092 480 35,663 34,265 4,566 750 1,823 4,113 0

109,987 104,501 100,112 64,960 464 37,820 35,152 4,389 750 1,769 5,485 0

116,809 110,863 105,359 68,594 463 39,115 36,764 5,504 750 1,872 5,946 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

6,597 6,342 5,681 3,948 66 2,401 1,733 661 0 193 255 0

5,986 5,717 5,122 3,876 32 2,350 1,247 595 0 221 269 0

4,420 4,355 4,150 3,564 19 2,417 586 205 0 122 65 0

6,574 6,089 5,827 5,190 1 3,170 636 262 0 122 486 0

6,909 6,101 5,970 4,863 0 2,742 1,106 131 0 100 808 0

8,851 7,482 6,603 5,338 0 3,206 1,266 879 750 57 1,369 0

8,715 7,886 7,710 5,843 0 3,273 1,867 176 0 60 829 0

11,666 10,302 8,887 6,620 0 3,085 2,267 1,415 0 283 1,363 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,196 2,083 1,383 680 229 59 703 700 30 274 113 0

3,119 2,905 2,118 1,057 286 172 1,061 787 30 288 214 0

2,388 2,141 1,828 949 122 303 879 313 0 156 247 0

2,449 2,224 2,025 1,209 8 401 816 199 1 101 225 0

2,314 2,124 1,930 1,263 5 426 666 195 0 98 190 0

2,819 2,534 2,399 1,558 167 405 841 135 0 50 285 0

2,784 2,333 2,196 1,447 26 606 750 136 0 61 451 0

3,386 2,431 2,208 1,362 0 505 846 223 0 75 955 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,321 1,256 967 528 165 123 439 289 13 126 65 0

1,470 1,394 1,223 672 132 226 551 171 6 87 76 0

1,034 918 836 518 40 234 318 82 0 39 116 14

1,054 974 931 699 3 372 231 43 0 21 80 0

1,005 942 891 646 2 307 244 52 0 24 63 0

1,501 1,428 1,376 1,007 294 245 369 52 0 27 73 0

1,413 1,306 1,194 803 1 294 391 112 64 24 107 0

1,298 1,153 1,063 683 0 259 380 90 32 34 145 0

Total change in external debt stocks 10,997 20 flows on external debt Non-debt flows (bill US$) Net 4,715 Cross-currency valuation 4,613

4,634 3,722 -1,729

-4,312 400 1,516 -5,797

-8,679 3,644 -9,090

-25,010 11,937 Debt 6,854 ratios (%) 7,225 -26,840 2,738

7,118 8,151 -1,224

.. 0 ..

796 1,664 0

.. .. ..

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation

350

9. Debt restructurings Total 15 amount rescheduled Total amount forgiven Debt buyback

2,089 1,494 0

1,065 952 29

827 300 580 250 137

1,123 1,368 0

474 1,043 0

1,192 534 0

200

10

150 100

5

50 0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

2003

2004

Debt to exports

51

2005

2006

2007

2008

Reserves to debt

2009


MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

1,149,058 941,793 883,559 58,234 28,289 178,976 41,096

1,729,983 1,357,298 1,151,625 205,673 52,961 319,724 36,774

1,996,738 1,669,543 1,182,691 486,852 52,623 274,573 23,978

2,353,247 1,846,168 1,166,759 679,409 43,748 463,331 21,419

2,532,775 1,973,636 1,120,275 853,361 16,780 542,359 18,598

3,057,592 2,317,874 1,208,341 1,109,532 12,097 727,621 20,186

3,295,853 2,562,063 1,243,521 1,318,541 20,573 713,217 21,000

3,409,521 2,642,391 1,296,127 1,346,264 46,227 720,903 20,857

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

45,420 878,367 63,426 104,726

85,575 1,147,052 210,246 135,443

44,743 1,177,149 492,394 140,667

32,114 1,162,431 683,736 150,376

30,126 1,116,112 857,525 131,472

32,041 1,203,705 1,114,169 179,528

34,617 1,238,032 1,324,031 164,346

35,624 1,285,038 1,357,353 205,668

External debt flows Disbursements Long-term external debt IMF purchases

114,196 107,273 6,924

200,691 175,700 24,992

230,939 221,283 9,656

377,253 373,750 3,504

451,264 447,615 3,649

636,731 635,146 1,585

612,765 600,629 12,137

523,955 497,462 26,493

Principal repayments Long-term external debt IMF repurchases

76,014 69,121 6,893

115,201 108,808 6,393

229,878 209,730 20,148

331,971 288,431 43,539

380,667 350,114 30,553

359,995 353,053 6,942

395,795 392,609 3,187

404,549 403,004 1,545

Net flows Long-term external debt Short-term external debt

51,643 38,152 13,461

139,263 66,892 53,773

-6,692 11,553 -7,752

120,133 85,319 74,850

152,447 97,501 81,850

460,004 282,092 183,268

201,753 208,020 -15,218

127,235 94,458 7,829

Interest payments Long-term external debt IMF charges Short-term external debt

58,971 47,596 2,208 9,166

82,887 66,007 2,133 14,748

111,040 92,710 2,818 15,512

102,325 83,789 3,254 15,282

116,001 94,084 1,584 20,333

133,910 107,671 697 25,542

138,462 118,845 482 19,135

122,846 108,907 521 13,418

20,665 3,385

93,117 13,789

145,614 13,950

268,162 67,439

336,180 107,603

495,319 134,937

572,583 -53,166

342,055 108,193

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) .. 11.1 2.3 1.8 45.2

.. 13.2 1.4 1.1 48.6

.. 12.1 0.9 0.4 63.8

14.8 10.3 1.0 0.6 66.6

15.4 10.2 0.7 0.6 66.5

15.9 9.4 0.6 0.6 67.4

14.6 11.2 0.4 0.6 67.6

15.4 10.7 0.5 0.5 67.4

5.8 21.3 6.3

6.1 18.3 5.1

5.2 18.5 4.6

3.9 20.6 5.3

4.3 21.3 5.9

4.0 21.5 6.1

3.2 22.1 6.3

2.2 20.4 6.0

8.5 11.7 5.0

6.5 7.5 3.5

8.1 11.3 8.4

6.3 11.2 8.7

6.2 12.0 9.7

6.3 10.8 7.9

6.0 11.7 8.1

6.3 10.0 8.7

3,386,550 633,948 29,291 686,368 15,537 172,630

4,642,072 1,112,250 52,404 1,253,317 36,422 427,824

5,441,751 1,616,680 76,052 1,651,272 67,062 630,128

9,169,241 3,263,528 180,573 3,116,709 159,206 1,954,365

10,897,697 3,976,815 212,333 3,729,572 227,201 2,584,597

13,510,580 4,817,919 260,591 4,572,744 294,734 3,663,535

16,175,725 5,751,219 301,581 5,575,660 336,367 4,115,129

15,595,681 4,656,643 282,665 4,453,692 240,176 4,780,334

181.3 33.9 21.3 15.6 14.4 15.0 3.0

155.5 37.3 17.8 18.5 13.1 24.7 4.1

123.5 36.7 21.1 13.8 13.4 31.6 4.6

72.1 25.7 13.3 19.7 12.5 83.0 7.5

63.7 23.2 12.6 21.4 11.6 102.0 8.3

63.5 22.6 10.3 23.8 10.2 119.8 9.6

57.3 20.4 9.3 21.6 10.0 124.9 8.9

73.2 21.9 11.4 21.1 10.8 140.2 12.9

Euro Japanese yen Pound sterling Swiss franc U.S.dollars

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

52


MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

941,793 883,559 438,465 165,992 87,958 25,929 272,473 445,094 99,048 222,013 58,234 347

1,357,298 1,151,625 660,387 227,296 104,693 39,759 433,091 491,238 220,333 145,235 205,673 51,018

1,669,543 1,182,691 650,322 268,136 107,328 49,355 382,186 532,369 341,850 124,148 486,852 89,242

1,846,168 1,166,759 601,794 293,057 95,641 67,387 308,738 564,964 400,331 124,047 679,409 154,026

1,973,636 1,120,275 549,150 292,640 91,664 66,857 256,510 571,126 409,074 126,442 853,361 190,151

2,317,874 1,208,341 570,939 311,425 93,086 72,011 259,514 637,402 451,416 155,452 1,109,532 250,422

2,562,063 1,243,521 607,550 328,484 96,171 73,449 279,065 635,972 461,540 148,365 1,318,541 240,701

2,642,391 1,296,127 658,702 369,450 107,521 77,788 289,252 637,424 475,018 134,468 1,346,264 256,025

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

107,273 90,270 42,799 22,548 13,019 1,929 20,251 47,472 4,226 14,399 17,002 291

175,700 122,474 59,743 27,218 12,505 3,124 32,526 62,730 21,993 21,968 53,226 14,063

221,283 130,505 48,157 30,622 12,888 2,803 17,535 82,348 55,784 17,988 90,778 10,810

373,750 136,439 40,185 29,091 9,177 4,037 11,094 96,255 61,066 31,610 237,310 46,898

447,615 133,917 48,135 34,869 11,933 4,029 13,267 85,781 56,972 24,060 313,699 53,017

635,146 174,501 51,865 37,718 10,498 4,152 14,147 122,636 71,466 47,884 460,645 83,950

600,629 163,897 60,296 41,518 13,608 3,590 18,779 103,600 72,936 28,386 436,732 25,655

497,462 179,889 87,544 63,151 22,125 5,616 24,393 92,345 68,909 18,764 317,573 36,484

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

69,121 62,013 21,196 10,976 7,574 189 10,220 40,817 4,240 19,595 7,108 0

108,808 83,104 40,466 18,592 11,079 370 21,874 42,638 11,061 14,992 25,704 4,042

209,730 112,020 45,646 21,596 9,287 645 24,050 66,374 31,454 23,100 97,710 15,002

288,431 143,589 67,853 25,425 12,059 1,220 42,428 75,736 44,629 22,215 144,843 15,063

350,114 189,760 95,064 35,202 17,164 1,353 59,863 94,696 60,268 25,056 160,354 17,973

353,053 125,489 50,929 24,922 10,677 1,431 26,007 74,561 43,632 23,922 227,564 24,350

392,609 141,943 47,934 25,525 10,898 1,690 22,409 94,009 54,625 32,276 250,666 19,902

403,004 114,507 44,295 24,109 10,838 1,745 20,186 70,212 32,872 30,124 288,498 21,401

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

47,596 43,119 16,953 9,710 6,588 178 7,243 26,166 4,087 15,865 4,477 3

66,007 55,186 26,172 12,481 7,478 277 13,691 29,014 14,707 7,735 10,820 3,172

92,710 62,221 25,125 14,690 7,404 344 10,435 37,097 25,000 8,527 30,489 7,760

83,789 59,532 22,973 9,873 4,010 525 13,101 36,558 30,143 4,900 24,257 8,809

94,084 55,392 18,803 11,013 4,775 504 7,790 36,589 28,861 6,234 38,691 13,935

107,671 58,216 18,787 11,852 5,136 514 6,934 39,429 31,151 6,514 49,456 16,186

118,845 57,734 17,766 11,484 4,571 614 6,282 39,968 31,666 6,648 61,110 15,993

108,907 52,802 15,822 9,739 3,415 539 6,083 36,980 30,712 5,070 56,105 16,188

Total change in external debt stocks 82,000 750 flows on external debt Non-debt flows (bill US$) Net 51,643 Cross-currency valuation 38,877

165,259 139,263 4,889

-58,959 200 -6,692 -43,722

-10,518 120,133 -66,183

179,528 524,816 Debt ratios460,004 (%) 152,447 19,897 35,354

238,261 201,753 15,452

.. 0 ..

29,655 1,292 132

60,510 150 365 15,935

31,701 19,157 736

823 516 3,998

.. .. ..

7. Long-term external debt

8. Debt stock-flow reconciliation

9. Debt restructurings Total amount rescheduled Total amount forgiven 500 Debt buyback

73,415 10,876 4,359

4,313 15,079 5,450

1,958 2,715 6,035

100

250

50

0

0 2001

2002

2003

2004

Foreign direct investment

2005

2006

2007

2008

2009

Portfolio equity flows

2001

2002

2003

2004

Debt to exports

53

2005

2006

2007

2008

Reserves to debt

2009


.

Country Tables

55


AFGHANISTAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

.. .. .. .. 0 .. ..

.. .. .. .. 0 .. ..

.. .. .. .. 0 .. ..

929 911 911 0 0 18 18

1,974 1,894 1,894 0 59 21 21

2,089 1,985 1,985 0 87 17 17

2,328 2,203 2,203 0 106 20 20

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

87 911 0 130

89 1,894 0 37

56 1,985 0 58

54 2,203 0 0

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

.. .. 0

.. .. 0

.. .. 0

146 146 0

202 147 55

132 96 36

130 112 17

Principal repayments Long-term external debt IMF repurchases

.. .. ..

.. .. 0

.. .. 0

.. .. 0

3 3 0

1 1 0

1 1 0

3 3 0

Net flows Long-term external debt Short-term external debt

.. .. ..

.. .. ..

.. .. ..

.. .. ..

143 143 0

201 146 0

131 95 0

126 109 0

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

.. .. 0 ..

.. .. 0 ..

.. .. 0 ..

6 6 0 0

3 3 0 0

6 6 0 0

7 7 1 0

.. ..

.. ..

.. ..

.. ..

238 ..

243 ..

300 ..

185 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

0.0 0.0 2.8 0.0 63.3

0.0 0.0 1.3 0.0 74.5

0.0 0.0 0.0 0.0 73.0

0.0 0.0 0.0 0.0 66.1

.. .. ..

.. .. ..

.. .. ..

.. .. ..

1.2 39.8 10.3

1.4 31.6 8.1

0.5 34.6 10.0

0.0 0.0 0.0

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

8,209 3,714 .. .. .. .. ..

10,184 3,791 .. 5,746 .. .. ..

10,644 4,367 .. 5,603 .. .. ..

.. 2,825 .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

25.0 11.3 0.2 2.0 70.4 .. ..

52.1 19.4 0.1 1.1 41.5 .. ..

47.8 19.6 0.2 0.8 43.3 .. ..

82.4 .. 0.4 0.9 47.7 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

56


AFGHANISTAN (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 294 .. .. .. .. .. ..

911 911 910 654 0 343 257 0 0 0 0 0

1,894 1,894 1,893 819 0 399 1,074 0 0 0 0 0

1,985 1,985 1,984 903 0 438 1,081 0 0 0 0 0

2,203 2,203 2,202 1,112 0 471 1,090 0 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 84 .. .. .. .. .. ..

146 146 146 107 0 39 40 0 0 0 0 0

147 147 147 140 0 44 7 0 0 0 0 0

96 96 96 96 0 44 1 0 0 0 0 0

112 112 112 109 0 27 4 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 3 .. .. .. .. .. ..

3 3 3 3 0 3 0 0 0 0 0 0

1 1 1 1 0 0 0 0 0 0 0 0

1 1 1 1 0 0 0 0 0 0 0 0

3 3 3 1 0 0 3 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

.. .. .. .. 0 3 .. .. .. .. .. ..

6 6 6 6 0 3 0 0 0 0 0 0

3 3 3 3 0 0 0 0 0 0 0 0

6 6 6 6 0 2 0 0 0 0 0 0

7 7 7 7 0 2 0 0 0 0 0 0

.. ..

.. ..

.. ..

.. ..

229 143

1,045 201

115 131

240 126

.. .. ..

.. .. ..

.. .. ..

.. .. ..

95 0 0

842 21 0

52 52 0

1 4 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

7 12

17 14

31 22

43 21

94 64

104 61

107 59

99 54

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Data include the effects of the 2006 Paris Club rescheduling. Data for 2007, 2008, and 2009 include the effects of Enhanced HIPC Initiative, in the amount of $1,774 in thousands, $3,537 in thousands, and $3,523 in thousands respectively.

57


ALBANIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

456 330 330 0 65 62 2

1,061 936 921 15 88 37 3

2,052 1,805 1,379 426 92 155 1

2,439 1,960 1,601 359 93 386 1

2,887 2,287 1,829 458 90 511 1

3,942 2,932 2,264 668 80 930 0

4,719 3,813 2,829 983 71 835 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

27 330 0 183

271 920 16 173

16 1,379 426 225

16 1,601 359 311

17 1,829 458 280

1 2,264 668 610

0 2,829 983 356

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

80 70 11

138 120 19

512 500 12

208 201 7

312 305 7

821 813 8

776 772 4

Principal repayments Long-term external debt IMF repurchases

.. .. ..

2 0 1

16 9 7

50 41 9

158 147 11

92 77 14

96 80 15

172 158 14

Net flows Long-term external debt Short-term external debt

.. .. ..

-99 69 -178

130 110 8

616 459 154

281 54 231

344 227 124

1,145 733 420

509 614 -95

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

9 5 1 3

11 8 1 2

30 25 0 4

47 29 1 17

60 34 1 26

68 50 1 17

92 81 1 11

.. ..

70 0

143 0

262 ..

325 ..

662 ..

973 23

978 4

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 2.5 0.0 0.0 60.7

.. 3.2 0.0 0.0 72.5

28.6 3.9 0.0 0.0 58.3

32.3 3.4 0.0 0.0 54.3

36.8 2.9 0.0 0.0 50.1

48.5 2.8 0.0 0.0 39.4

55.5 2.1 0.0 0.0 33.3

.. .. ..

3.4 25.4 7.5

3.5 29.7 10.5

2.7 21.3 7.2

3.4 20.2 6.6

4.3 20.7 5.3

1.9 28.3 8.3

2.3 16.4 6.4

.. .. ..

3.0 22.7 11.7

0.0 0.0 0.0

0.0 0.0 0.0

0.3 29.9 18.8

5.3 11.2 1.7

6.2 15.4 6.0

11.0 3.3 3.0

.. .. .. .. .. .. ..

2,468 376 427 865 4 -12 265

3,790 819 598 1,509 0 -156 646

8,541 2,048 1,290 3,913 2 -571 1,440

9,386 2,629 1,359 4,569 5 -671 1,813

11,136 3,407 1,468 5,989 9 -1,151 2,162

12,977 4,307 1,495 7,689 285 -2,002 2,364

11,724 3,836 1,317 7,018 401 -1,875 2,369

.. .. .. .. .. .. ..

121.5 18.5 2.8 13.7 25.1 58.1 3.7

129.5 28.0 3.3 3.5 40.2 60.9 5.1

100.2 24.0 3.9 7.6 42.6 70.2 4.4

92.8 26.0 7.8 15.8 42.6 74.3 4.8

84.7 25.9 4.5 17.7 42.3 74.9 4.3

91.5 30.4 3.8 23.6 34.1 60.0 3.7

123.0 40.3 6.9 17.7 31.9 50.2 4.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

58


ALBANIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

330 330 305 115 0 109 190 25 0 0 0 0

936 921 899 426 0 346 473 22 0 0 15 0

1,805 1,379 1,357 875 0 655 482 22 0 0 426 0

1,960 1,601 1,578 1,039 0 729 539 23 0 0 359 0

2,287 1,829 1,807 1,222 6 803 586 21 0 0 458 0

2,932 2,264 1,923 1,343 17 817 579 342 0 326 668 0

3,813 2,829 2,164 1,504 24 849 660 665 0 630 983 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

70 70 70 48 0 43 22 0 0 0 0 0

120 120 120 101 0 64 19 0 0 0 0 0

500 123 123 89 0 34 34 0 0 0 377 0

201 185 185 132 0 46 53 0 0 0 15 0

305 176 175 143 5 48 32 1 0 0 128 0

813 574 218 180 12 27 39 356 0 345 239 0

772 543 241 175 7 34 66 302 0 283 229 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

9 9 8 2 0 0 6 1 0 0 0 0

41 40 39 18 0 4 21 1 0 0 1 0

147 57 54 24 0 5 31 3 0 0 90 0

77 55 52 26 0 6 26 4 0 0 22 0

80 58 58 28 0 7 30 0 0 0 23 0

158 79 78 39 0 9 39 1 0 0 79 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

5 5 4 1 0 1 3 1 0 0 0 0

8 7 7 4 0 2 3 0 0 0 1 0

25 23 23 14 0 5 9 0 0 0 2 0

29 25 25 14 0 6 11 0 0 0 4 0

34 31 31 18 0 6 13 0 0 0 3 0

50 44 35 24 1 6 11 9 0 9 6 0

81 70 37 25 1 6 12 33 0 33 10 0

.. ..

-427 -99

352 130

505 616

387 281

448 344

1,055 1,145

777 509

.. .. ..

6 116 30

28 0 0

10 0 0

9 2 0

0 0 0

8 0 0

41 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

112 35

124 37

134 37

141 36

145 34

152 31

142 28

146 26

195 75

163 71

437 34

144 28

171 23

99 19

79 15

106 11

Notes: Long-term private nonguaranteed debt data are reported by the Bank of Albania for the first time. Short-term debt is revised based on Central Bank data from 2005.

59


ALGERIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

28,149 26,688 26,688 0 670 791 0

33,053 31,314 31,314 0 1,478 261 3

25,389 23,449 23,449 0 1,718 222 0

16,873 16,357 15,491 866 0 516 0

5,722 5,181 3,877 1,304 0 541 0

5,794 5,045 3,896 1,148 0 750 0

5,825 4,522 3,078 1,444 0 1,304 0

5,345 3,853 2,871 982 0 1,492 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1 26,608 80 8,054

1 31,226 89 2,427

0 23,328 122 1,419

0 15,316 1,040 331

0 3,817 1,364 212

0 3,788 1,256 94

0 2,997 1,525 0

0 2,798 1,055 5

External debt flows Disbursements Long-term external debt IMF purchases

7,017 7,017 0

4,157 3,683 475

1,215 1,215 0

1,239 1,239 0

853 853 0

471 471 0

580 580 0

194 194 0

Principal repayments Long-term external debt IMF repurchases

6,780 6,780 0

2,419 2,248 171

2,813 2,721 93

5,057 4,445 612

12,791 12,791 0

1,122 1,122 0

1,060 1,060 0

887 887 0

Net flows Long-term external debt Short-term external debt

-811 237 -1,049

1,361 1,435 -378

-1,572 -1,506 27

-3,733 -3,207 85

-11,914 -11,939 25

-443 -652 209

73 -481 554

-504 -693 189

Interest payments Long-term external debt IMF charges Short-term external debt

2,025 1,784 62 179

1,832 1,741 69 22

1,655 1,552 92 10

921 888 18 15

626 610 1 15

224 202 0 22

191 161 0 31

140 122 0 18

0 0

.. ..

438 ..

1,081 ..

1,795 ..

1,662 ..

2,646 ..

2,847 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 15.1 1.5 0.8 33.5

.. 13.1 0.9 0.7 38.0

.. 14.4 1.0 0.5 44.4

40.5 8.2 1.4 0.8 40.9

58.4 6.1 0.0 0.1 30.0

61.9 4.8 0.0 0.1 26.8

60.9 5.4 0.0 0.0 27.6

62.5 4.5 0.0 0.0 26.9

7.0 16.8 4.0

6.2 11.7 3.3

6.2 14.9 4.1

3.2 12.9 3.6

0.5 17.5 3.4

0.9 14.7 7.7

0.0 0.0 0.0

2.0 21.8 6.7

8.9 6.6 2.0

7.2 8.9 1.9

6.2 7.4 1.9

2.6 9.6 2.0

3.5 12.0 3.1

4.6 6.0 0.9

0.0 0.0 0.0

0.0 0.0 0.0

59,955 13,535 352 12,448 151 1,420 2,703

39,574 .. 1,120 .. .. .. 4,164

52,080 .. 790 .. .. .. 13,556

97,259 50,270 2,060 24,640 .. .. 59,167

112,669 59,740 1,610 25,460 .. .. 81,463

134,004 67,240 2,120 33,180 .. .. 114,972

169,689 87,210 2,202 49,140 .. .. 148,099

139,577 .. 2,193 .. .. .. 155,112

208.0 47.0 65.1 2.8 7.2 9.6 2.6

.. 83.5 .. 0.8 11.8 12.6 ..

.. 48.8 .. 0.9 16.2 53.4 ..

33.6 17.3 11.9 3.1 14.5 350.7 28.8

9.6 5.1 22.5 9.5 2.5 1,423.6 38.4

8.6 4.3 2.0 12.9 2.3 1,984.3 41.6

6.7 3.4 1.4 22.4 0.2 2,542.3 36.2

.. 3.8 .. 27.9 0.2 2,901.8 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

60


ALGERIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

26,688 26,688 5,866 2,031 1,208 0 3,835 20,822 1,420 5,851 0 0

31,314 31,314 15,697 3,915 2,049 0 11,781 15,618 0 4,529 0 0

23,449 23,449 17,598 4,123 1,425 0 13,475 5,851 0 2,508 0 0

16,357 15,491 12,426 2,443 779 0 9,983 3,065 0 1,038 866 0

5,181 3,877 2,172 144 119 0 2,027 1,706 0 59 1,304 0

5,045 3,896 2,318 136 113 0 2,183 1,578 0 76 1,148 0

4,522 3,078 2,066 13 11 0 2,053 1,012 0 60 1,444 0

3,853 2,871 2,050 11 10 0 2,039 821 0 54 982 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

7,017 7,017 1,835 612 300 0 1,223 5,182 0 206 0 0

3,683 3,683 1,596 932 554 0 664 2,087 0 222 0 0

1,215 1,215 795 349 58 0 446 420 0 0 0 0

1,239 776 445 358 31 0 87 331 0 8 463 0

853 401 263 54 16 0 209 138 0 34 451 0

471 167 109 6 6 0 103 58 0 20 304 0

580 173 157 5 5 0 152 16 0 0 407 0

194 71 70 0 0 0 70 1 0 0 123 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

6,780 6,780 1,174 312 130 0 862 5,606 16 1,330 0 0

2,248 2,248 671 454 260 0 217 1,577 278 220 0 0

2,721 2,721 1,055 351 172 0 704 1,666 0 439 0 0

4,445 4,217 2,846 1,190 156 0 1,655 1,371 0 348 229 0

12,791 12,640 10,938 2,396 677 0 8,542 1,702 0 1,029 151 0

1,122 591 198 16 12 0 182 392 0 10 532 0

1,060 917 372 127 107 0 245 545 0 13 144 0

887 366 156 1 1 0 155 210 0 8 522 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,784 1,784 312 117 73 0 195 1,472 105 526 0 0

1,741 1,741 823 251 137 0 572 917 13 251 0 0

1,552 1,552 1,131 297 128 0 834 421 0 146 0 0

888 863 711 163 46 0 547 152 0 34 25 0

610 557 441 118 21 0 322 116 0 30 53 0

202 145 61 7 6 0 53 84 0 2 57 0

161 113 49 12 12 0 37 63 0 2 48 0

122 73 34 1 1 0 33 39 0 2 49 0

912 -811

2,810 1,361

-2,618 -1,572

-5,314 -3,733

-11,151 -11,914

72 -443

31 73

-480 -504

0 0 0

5,096 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

478 47

223 40

205 36

193 32

214 28

185 23

152 20

134 16

450 45

357 33

516 24

132 17

94 13

80 10

79 7

53 5

Notes: Short-term debt data are reported by the country.

61


ANGOLA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

8,592 7,603 7,603 0 0 989 204

11,500 9,543 9,543 0 0 1,958 1,232

9,408 8,085 8,085 0 0 1,323 874

11,822 9,506 9,506 0 0 2,316 577

9,469 7,337 7,337 0 0 2,132 161

11,518 9,247 9,247 0 0 2,271 90

15,132 12,713 12,713 0 0 2,419 71

16,715 13,722 13,722 0 359 2,634 90

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

496 7,599 5 523

4,190 9,513 29 420

2,853 8,059 26 1,033

1,877 9,495 12 14,150

700 7,331 7 2,036

351 9,245 2 4,378

279 12,712 1 4,188

361 13,721 0 5,705

External debt flows Disbursements Long-term external debt IMF purchases

862 862 0

550 550 0

1,045 1,045 0

3,664 3,664 0

1,224 1,224 0

5,648 5,648 0

4,624 4,624 0

4,399 4,046 353

Principal repayments Long-term external debt IMF repurchases

183 183 0

332 332 0

1,530 1,530 0

2,289 2,289 0

3,513 3,513 0

3,753 3,753 0

1,132 1,132 0

3,088 3,088 0

Net flows Long-term external debt Short-term external debt

977 679 298

-90 218 -308

-733 -485 -248

2,591 1,375 1,216

-2,057 -2,289 232

2,105 1,895 210

3,659 3,492 167

1,508 958 196

Interest payments Long-term external debt IMF charges Short-term external debt

143 100 0 43

132 79 0 53

175 149 0 26

313 257 0 57

908 824 0 83

681 577 0 104

511 443 0 68

420 389 0 31

-335 0

472 0

879 0

-1,304 0

-38 0

-893 0

1,679 0

2,205 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.3 1.4 0.7 80.7

.. 0.3 0.9 0.1 81.0

.. 0.5 1.0 0.1 86.3

8.2 0.3 0.9 0.0 87.8

6.2 0.0 0.2 0.0 90.4

6.4 0.0 0.2 0.0 91.1

7.6 0.0 0.1 0.0 90.6

9.6 0.0 0.1 0.0 88.6

5.7 14.1 3.7

8.1 9.9 0.4

0.8 39.8 10.3

6.5 13.8 2.0

1.1 10.9 1.5

0.4 12.1 2.7

0.6 43.4 10.4

3.4 8.7 1.7

7.7 7.7 1.8

8.1 8.6 0.4

5.0 3.1 1.3

6.6 7.7 1.3

8.0 9.0 0.8

6.3 6.8 1.0

4.5 7.4 0.8

6.5 5.3 1.2

8,214 4,003 .. 4,161 314 -236 ..

3,688 3,852 .. 4,302 386 -295 213

7,449 8,222 .. 7,454 929 796 1,198

26,601 24,312 .. 19,201 3,406 5,138 3,197

39,679 33,492 .. 22,612 5,278 10,690 8,599

50,485 45,329 .. 34,913 7,268 10,194 11,197

70,441 64,666 82 58,048 13,185 6,408 17,869

59,261 41,582 .. 48,784 6,130 .. 13,664

214.6 104.6 8.1 11.5 0.7 .. ..

298.6 311.9 12.0 17.0 1.7 1.9 0.6

114.4 126.3 20.7 14.1 3.1 12.7 1.9

48.6 44.4 10.7 19.6 3.1 27.0 2.0

28.3 23.9 13.2 22.5 4.2 90.8 4.6

25.4 22.8 9.8 19.7 3.6 97.2 3.8

23.4 21.5 2.5 16.0 2.8 118.1 3.7

40.2 28.2 8.4 15.8 2.6 81.7 3.4

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

62


ANGOLA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

7,603 7,603 1,839 57 0 0 1,782 5,765 0 143 0 0

9,543 9,543 2,226 191 0 81 2,035 7,316 0 873 0 0

8,085 8,085 2,703 294 0 226 2,409 5,382 0 2,625 0 0

9,506 9,506 3,162 371 0 319 2,791 6,344 0 5,062 0 0

7,337 7,337 2,578 396 0 347 2,182 4,760 0 3,928 0 0

9,247 9,247 3,202 416 0 365 2,785 6,045 0 5,248 0 0

12,713 12,713 4,006 421 0 369 3,585 8,707 0 7,790 0 0

13,722 13,722 4,820 441 0 385 4,379 8,902 0 7,953 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

862 862 169 5 0 0 164 693 0 17 0 0

550 550 119 30 0 30 89 431 0 396 0 0

1,045 1,045 34 24 0 24 10 1,011 0 1,010 0 0

3,664 3,664 309 34 0 30 275 3,355 0 3,236 0 0

1,224 1,224 508 21 0 18 487 717 0 573 0 0

5,648 5,648 953 9 0 8 944 4,695 0 4,562 0 0

4,624 4,624 1,103 16 0 12 1,087 3,521 0 3,276 0 0

4,046 4,046 1,112 23 0 19 1,089 2,934 0 2,792 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

183 183 59 4 0 0 56 123 0 8 0 0

332 332 24 2 0 0 22 308 0 108 0 0

1,530 1,530 268 27 0 0 241 1,262 0 1,149 0 0

2,289 2,289 505 8 0 5 497 1,784 0 1,654 0 0

3,513 3,513 1,206 15 0 5 1,191 2,307 0 1,713 0 0

3,753 3,753 351 7 0 5 344 3,402 0 3,253 0 0

1,132 1,132 278 8 0 6 270 854 0 715 0 0

3,088 3,088 310 8 0 6 302 2,778 0 2,649 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

100 100 19 2 0 0 16 81 0 5 0 0

79 79 12 1 0 0 12 67 0 33 0 0

149 149 36 28 0 2 8 113 0 93 0 0

257 257 61 4 0 3 57 195 0 160 0 0

824 824 364 7 0 3 356 460 0 330 0 0

577 577 162 3 0 2 159 415 0 352 0 0

443 443 118 4 0 3 114 325 0 260 0 0

389 389 143 4 0 3 139 246 0 218 0 0

1,303 977

207 -90

-891 -733

2,460 2,591

-2,353 -2,057

2,048 2,105

3,614 3,659

1,583 1,508

252 0 0

437 0 0

0 0 0

0 122 0

2 400 0

21 72 0

67 18 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,616 145

1,898 319

1,993 363

1,989 343

1,953 293

1,927 235

1,921 168

1,808 101

2,616 242

2,497 207

2,225 152

1,506 99

1,042 62

410 36

111 23

110 14

63


ARGENTINA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

62,233 48,676 46,876 1,800 3,083 10,473 7,590

98,465 70,979 54,913 16,066 6,131 21,355 0

140,914 107,543 81,633 25,909 5,056 28,315 0

124,939 80,586 54,225 26,361 9,513 34,841 7,735

115,863 87,564 60,754 26,811 0 28,299 7,452

117,317 98,058 68,029 30,028 0 19,260 9,452

118,901 98,924 68,627 30,298 0 19,977 10,003

120,183 100,646 72,923 27,723 0 19,537 10,665

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

4,372 44,707 3,969 572

0 54,891 16,088 8,381

0 81,582 25,961 11,985

11,193 54,205 26,381 2,462

12,125 60,655 26,909 5,747

16,157 67,935 30,123 7,522

18,466 68,538 30,386 4,969

19,633 72,862 27,785 3,375

External debt flows Disbursements Long-term external debt IMF purchases

1,587 1,150 437

11,319 8,954 2,365

20,853 18,759 2,094

4,690 4,690 0

8,789 8,789 0

9,089 9,089 0

7,037 7,037 0

7,537 7,537 0

Principal repayments Long-term external debt IMF repurchases

3,443 2,745 697

3,532 3,048 484

15,679 14,400 1,280

7,009 3,438 3,571

14,819 5,026 9,793

5,171 5,171 0

4,635 4,635 0

8,784 8,784 0

Net flows Long-term external debt Short-term external debt

-1,856 -1,595 0

21,972 5,906 14,185

4,074 4,359 -1,100

14,787 1,252 17,106

-12,289 3,763 -6,259

-7,121 3,918 -11,039

2,568 2,402 166

-2,350 -1,248 -1,102

Interest payments Long-term external debt IMF charges Short-term external debt

2,716 2,208 277 231

5,322 4,320 274 727

11,163 9,236 195 1,732

2,962 2,108 510 344

3,979 2,959 83 937

3,774 2,900 0 874

3,089 2,849 0 240

3,343 3,222 0 121

1,836 0

5,609 1,552

10,418 -3,227

5,265 -48

5,537 707

6,473 1,785

9,726 -531

4,009 -212

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.7 1.1 2.2 54.5

.. 9.2 0.2 1.6 57.5

.. 6.2 0.6 0.4 61.0

36.6 2.7 0.1 0.4 54.4

36.6 2.5 0.1 0.4 55.9

39.1 2.3 0.1 0.4 54.7

36.9 2.9 0.1 0.4 57.0

36.0 2.7 0.1 0.4 58.8

6.5 19.2 4.0

6.5 16.3 4.7

7.2 18.2 4.8

4.2 17.3 4.6

5.5 20.3 5.0

6.1 18.9 4.8

3.2 18.4 3.6

1.3 26.3 3.9

6.0 8.4 1.3

7.4 4.8 4.6

10.0 11.6 11.6

5.0 8.4 3.7

5.7 11.1 6.0

6.6 13.7 11.5

6.8 12.8 11.3

5.4 28.5 19.0

135,150 16,654 23 13,100 637 4,552 6,222

253,396 29,356 64 35,070 2,129 -5,118 15,979

276,656 38,697 86 48,076 3,086 -8,981 25,152

176,575 51,334 432 46,543 5,456 5,275 28,082

208,884 60,255 541 52,947 7,112 7,768 32,022

257,129 72,969 606 65,967 7,283 7,355 46,149

321,257 87,712 698 80,826 7,902 7,037 46,385

299,468 70,162 660 61,571 8,356 8,635 48,007

373.7 46.0 37.0 16.8 8.0 10.0 5.7

335.4 38.9 30.2 21.7 9.5 16.2 5.5

364.1 50.9 69.4 20.1 11.5 17.8 6.3

243.4 70.8 19.4 27.9 12.5 22.5 7.2

192.3 55.5 36.2 24.4 12.9 27.6 7.3

160.8 45.6 12.3 16.4 12.7 39.3 8.4

135.6 37.0 8.8 16.8 12.4 39.0 6.9

171.3 40.1 17.3 16.3 13.4 39.9 9.4

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

64


ARGENTINA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

48,676 46,876 11,226 5,007 2,609 0 6,219 35,650 11,514 22,631 1,800 21

70,979 54,913 20,658 9,373 4,913 0 11,285 34,255 32,670 793 16,066 7,582

107,543 81,633 20,484 16,235 8,789 0 4,249 61,149 60,622 294 25,909 11,138

80,586 54,225 20,344 15,571 6,881 0 4,774 33,881 33,373 171 26,361 8,772

87,564 60,754 20,184 14,984 6,206 0 5,200 40,569 40,018 201 26,811 10,138

98,058 68,029 20,443 14,909 5,674 0 5,535 47,586 46,589 211 30,028 12,073

98,924 68,627 20,574 14,780 5,069 0 5,794 48,052 47,088 205 30,298 7,921

100,646 72,923 22,328 16,156 5,305 0 6,172 50,595 49,670 208 27,723 6,850

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,150 1,129 910 736 405 0 174 219 0 183 21 21

8,954 6,604 2,804 1,936 941 0 868 3,800 3,630 105 2,350 834

18,759 14,277 1,937 1,923 1,019 0 13 12,340 12,338 2 4,482 1,408

4,690 3,183 989 985 362 0 4 2,194 2,194 0 1,507 540

8,789 3,893 1,666 1,662 459 0 4 2,227 2,227 0 4,896 2,896

9,089 5,647 2,385 2,373 505 0 12 3,263 3,263 0 3,441 2,241

7,037 4,047 2,022 2,000 332 0 22 2,025 2,025 0 2,990 0

7,537 3,591 3,498 3,070 1,028 0 429 93 93 0 3,946 476

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,745 2,745 454 405 233 0 49 2,292 878 1,342 0 0

3,048 1,783 1,356 512 259 0 844 427 128 158 1,265 631

14,400 8,896 1,837 825 538 0 1,012 7,059 6,842 162 5,503 2,309

3,438 1,672 1,489 1,462 928 0 27 183 182 0 1,766 680

5,026 2,539 2,362 2,354 1,134 0 9 177 175 1 2,487 1,303

5,171 3,230 2,676 2,568 1,037 0 108 554 554 0 1,941 606

4,635 2,367 2,364 2,253 936 0 111 3 3 0 2,268 2,009

8,784 3,070 1,783 1,637 793 0 146 1,287 1,232 0 5,714 450

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,208 2,064 456 375 181 0 81 1,608 973 621 144 0

4,320 3,435 1,374 617 306 0 757 2,062 1,960 56 885 641

9,236 7,196 1,589 1,256 701 0 334 5,606 5,465 121 2,041 1,109

2,108 1,392 751 747 288 0 5 641 640 0 716 585

2,959 1,309 842 838 346 0 4 467 466 0 1,650 1,135

2,900 1,618 868 864 350 0 4 750 750 0 1,282 759

2,849 1,644 763 718 258 0 44 881 881 0 1,206 710

3,222 1,887 656 581 169 0 76 1,231 1,195 0 1,335 562

-3,024 -1,856

23,646 21,972

570 4,074

-37,439 14,787

-9,076 -12,289

1,454 -7,121

1,584 2,568

1,282 -2,350

932 5,970 1,232

248 863 0

0 689 2,745

20,136 40,333 0

2,096 3 0

983 0 0

0 0 0

0 10 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,971 535

2,165 496

2,311 449

1,963 400

1,929 350

1,869 300

1,713 253

1,499 214

8,490 3,726

5,832 3,228

4,984 3,006

4,219 2,711

1,751 2,504

4,552 2,363

1,949 2,016

5,217 1,754

Notes: Long-term private nonguaranteed debt data for 2009 are reported by the country for the first time. Historical data are World Bank staff estimates. Short-term debt data are revised from 2007 based on BIS data. Long-term provincial debt data are World Bank staff estimates.

65


ARMENIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

371 298 298 0 70 2 1

916 697 675 21 175 44 6

1,842 1,368 923 446 176 298 0

2,004 1,533 1,037 496 164 307 0

2,898 2,281 1,282 999 158 459 0

3,406 2,818 1,446 1,373 135 453 0

4,935 3,837 2,376 1,461 587 512 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

75 298 0 131

4 675 21 74

0 923 446 251

0 1,037 496 65

0 1,282 999 203

0 1,446 1,373 201

0 2,376 1,461 898

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

148 102 46

84 84 0

177 168 10

175 165 10

761 751 10

783 776 7

1,732 1,266 466

Principal repayments Long-term external debt IMF repurchases

.. .. ..

3 3 0

31 15 16

104 69 34

80 49 31

82 58 24

280 253 27

328 305 23

Net flows Long-term external debt Short-term external debt

.. .. ..

147 100 1

42 69 -11

-38 98 -112

104 116 9

831 693 152

497 523 -6

1,462 961 59

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

8 7 2 0

15 9 3 2

35 23 1 11

70 59 1 11

107 91 1 15

85 70 1 15

102 81 4 18

.. ..

25 ..

104 0

239 1

453 -1

699 0

935 -1

777 1

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 0.0 0.0 0.0 62.6

.. 0.0 0.0 0.0 93.3

8.0 0.2 0.0 0.0 86.3

8.8 0.4 0.0 0.0 82.6

9.0 7.0 0.0 0.0 71.2

8.7 12.1 0.0 0.0 62.9

6.3 11.3 0.0 0.0 66.0

.. .. ..

1.3 32.6 9.2

0.8 35.7 10.2

0.8 39.6 10.0

0.8 32.2 10.3

1.5 24.4 8.7

1.2 32.1 8.8

2.9 19.7 5.9

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

1,466 354 65 741 .. -218 111

1,964 551 87 1,017 22 -278 314

5,033 1,873 498 2,449 170 -52 669

6,600 2,134 658 2,946 244 -117 1,072

9,485 2,588 846 4,122 332 -590 1,659

12,388 2,751 1,062 5,272 279 -1,383 1,407

8,926 2,056 769 4,189 332 -1,326 2,004

.. .. .. .. .. .. ..

104.7 25.3 3.2 0.6 56.1 30.0 1.8

166.4 46.6 8.3 4.8 52.9 34.3 3.7

98.3 36.6 7.4 16.2 43.9 36.3 3.3

93.9 30.4 7.0 15.3 45.1 53.5 4.4

112.0 30.6 7.3 15.8 35.9 57.2 4.8

123.8 27.5 13.3 13.3 32.6 41.3 3.2

240.0 55.3 20.9 10.4 28.9 40.6 5.7

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

66


ARMENIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

298 298 298 208 5 91 90 0 0 0 0 0

697 675 658 485 8 388 173 17 0 5 21 0

1,368 923 921 808 6 746 113 1 0 0 446 0

1,533 1,037 1,036 905 6 841 131 1 0 0 496 0

2,281 1,282 1,281 1,041 5 965 240 1 0 0 999 0

2,818 1,446 1,444 1,111 5 1,025 333 1 0 0 1,373 0

3,837 2,376 2,375 1,427 53 1,161 948 1 0 0 1,461 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

102 102 102 102 3 88 0 0 0 0 0 0

84 63 62 58 0 54 4 1 0 0 21 0

168 50 50 37 0 34 14 0 0 0 117 0

165 83 83 72 0 64 11 0 0 0 82 0

751 207 207 110 0 93 97 0 0 0 544 0

776 164 164 92 0 80 72 0 0 0 612 0

1,266 941 941 324 49 142 617 0 0 0 325 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

3 3 3 0 0 0 3 0 0 0 0 0

15 15 13 8 0 0 5 2 0 0 0 0

69 16 16 14 1 3 2 0 0 0 53 0

49 17 17 15 1 6 2 0 0 0 32 0

58 17 17 15 1 7 2 0 0 0 42 0

253 15 15 13 1 11 2 0 0 0 238 0

305 21 21 15 1 14 6 0 0 0 284 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

7 7 7 7 0 0 0 0 0 0 0 0

9 9 9 8 0 3 1 0 0 0 0 0

23 9 9 8 0 6 2 0 0 0 14 0

59 9 9 8 0 6 2 0 0 0 49 0

91 10 10 8 0 7 2 0 0 0 81 0

70 11 11 9 0 8 2 0 0 0 58 0

81 23 23 9 0 8 14 0 0 0 58 0

.. ..

156 147

15 42

-127 -38

162 104

894 831

508 497

1,530 1,462

.. .. ..

0 0 0

14 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

25 35

28 36

30 36

75 36

91 34

95 32

104 30

119 29

368 63

290 47

257 32

150 23

119 16

88 11

74 7

58 4

Notes: Short-term debt is based on reports provided by the country.

67


AZERBAIJAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

321 206 206 0 101 14 6

1,328 836 737 99 336 156 0

2,043 1,693 1,506 187 164 186 0

2,586 1,932 1,828 104 134 520 0

3,593 2,447 2,304 143 103 1,043 0

4,315 3,066 2,739 327 79 1,169 0

4,865 3,993 3,403 590 62 810 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

36 206 0 188

0 737 99 202

0 1,506 187 1,387

0 1,828 104 412

0 2,304 143 723

0 2,739 327 1,928

0 3,403 590 1,368

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

205 102 103

256 256 0

449 430 19

468 468 0

490 490 0

727 727 0

985 985 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

0 0 0

74 22 51

198 150 48

215 178 37

114 77 37

180 159 22

308 290 19

Net flows Long-term external debt Short-term external debt

.. .. ..

207 102 2

309 234 127

300 281 48

587 290 334

899 413 523

673 568 126

318 696 -359

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

10 9 1 0

56 37 14 5

36 27 2 6

55 39 2 15

88 69 1 18

112 79 1 33

89 70 0 19

.. ..

330 ..

130 ..

1,680 0

-584 1

-4,749 2

15 0

473 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 0.0 0.0 0.0 51.4

.. 20.8 0.0 6.5 65.8

12.6 24.8 0.0 4.1 54.1

18.6 19.8 0.0 3.1 52.5

21.6 16.6 0.0 2.4 51.8

20.7 17.3 0.0 2.1 51.8

26.5 12.5 0.0 1.5 51.6

.. .. ..

1.4 32.2 9.4

4.3 22.6 4.7

2.3 28.8 7.7

4.5 24.7 8.0

5.2 20.1 4.2

3.0 21.5 4.8

1.6 25.2 6.6

.. .. ..

0.0 0.0 0.0

8.2 9.7 1.1

3.5 13.3 3.0

6.0 12.0 0.5

6.6 9.8 1.3

4.8 13.0 5.0

4.3 15.2 4.0

.. .. .. .. .. .. ..

3,039 795 3 1,306 0 -401 121

4,987 2,174 57 2,415 317 -168 680

11,599 8,534 693 8,850 1,582 167 1,178

18,302 14,235 813 11,093 2,624 3,708 2,500

27,970 22,845 1,287 14,831 4,995 9,019 4,273

40,992 32,728 1,554 17,325 5,401 16,454 6,467

40,255 23,398 1,274 13,942 3,664 10,178 5,364

.. .. .. .. .. .. ..

40.4 10.6 1.3 4.4 30.8 37.7 1.1

61.1 26.6 6.0 11.8 24.3 51.2 3.4

23.9 17.6 2.7 9.1 30.8 57.7 1.6

18.2 14.1 1.9 20.1 28.4 96.7 2.7

15.7 12.8 0.9 29.0 26.8 118.9 3.5

13.2 10.5 0.9 27.1 26.4 149.9 4.5

20.8 12.1 1.7 16.6 30.0 110.3 4.6

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

68


AZERBAIJAN (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

206 206 206 99 0 30 107 0 0 0 0 0

836 737 647 323 0 216 324 90 0 65 99 0

1,693 1,506 1,217 630 0 501 587 289 0 289 187 0

1,932 1,828 1,355 735 5 583 620 473 0 419 104 0

2,447 2,304 1,594 963 21 660 631 710 0 570 143 0

3,066 2,739 1,892 1,140 78 698 752 848 0 652 327 0

3,993 3,403 2,191 1,462 199 739 730 1,212 0 968 590 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

102 102 102 90 0 30 13 0 0 0 0 0

256 250 209 56 0 27 153 41 0 38 6 0

430 306 70 57 0 48 13 236 0 236 124 0

468 443 266 211 5 60 55 177 0 121 25 0

490 443 233 219 16 58 14 210 0 119 47 0

727 512 283 213 56 50 70 228 0 167 216 0

985 845 431 367 122 45 64 414 0 346 140 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

22 15 13 9 0 0 4 2 0 0 7 0

150 53 36 18 0 2 19 16 0 16 97 0

178 62 43 17 0 4 26 19 0 17 116 0

77 66 50 21 0 6 29 16 0 13 11 0

159 136 70 29 0 8 41 66 0 59 23 0

290 214 135 54 0 9 81 78 0 59 76 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

9 9 9 2 0 0 7 0 0 0 0 0

37 32 31 7 0 2 24 1 0 0 5 0

27 20 16 9 0 4 7 4 0 4 7 0

39 32 18 11 1 4 7 14 0 13 7 0

69 62 35 26 1 5 9 27 0 24 7 0

79 67 29 21 3 5 9 38 0 35 11 0

70 52 31 22 5 5 9 21 0 15 18 0

.. ..

208 207

255 309

94 300

543 587

1,007 899

721 673

550 318

.. .. ..

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

133 34

130 40

194 44

209 46

233 47

245 46

284 45

285 42

243 48

256 42

220 35

212 29

228 24

213 19

185 14

158 10

Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development.

69


BANGLADESH (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

12,285 11,504 11,504 0 626 156 1

15,726 14,905 14,905 0 622 199 15

15,535 14,985 14,985 0 216 334 0

18,381 17,385 17,385 0 308 688 16

20,032 18,378 18,378 0 476 1,178 0

21,296 19,426 19,426 0 501 1,370 4

22,886 20,307 20,307 0 686 1,894 1

23,820 21,206 21,206 0 675 1,939 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

11 11,504 0 1,231

13 14,905 0 716

4 14,985 0 588

1 17,385 0 1,106

3 18,378 0 1,322

53 19,426 0 1,997

10 20,307 0 2,751

7 21,206 0 1,796

External debt flows Disbursements Long-term external debt IMF purchases

1,264 1,203 60

757 757 0

861 861 0

976 878 97

1,211 1,061 150

1,080 1,080 0

1,939 1,732 206

1,499 1,499 0

Principal repayments Long-term external debt IMF repurchases

539 335 204

574 513 61

572 487 86

566 566 0

482 482 0

735 735 0

640 632 8

729 705 23

Net flows Long-term external debt Short-term external debt

812 868 88

182 244 -1

368 374 80

370 312 -40

1,235 579 506

532 344 188

1,826 1,100 527

817 794 46

Interest payments Long-term external debt IMF charges Short-term external debt

196 146 40 9

180 167 3 10

194 165 7 22

233 197 1 35

228 167 2 59

255 180 2 72

249 203 7 39

228 197 6 25

3 0

2 -15

280 1

813 20

697 31

653 153

1,010 -48

674 -154

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 24.2 5.1 0.1 48.3

.. 25.6 3.5 0.0 41.7

.. 20.3 3.0 0.0 44.3

0.7 14.2 2.1 0.0 50.7

0.8 12.5 1.9 0.0 52.3

0.9 10.4 1.7 0.0 51.9

0.7 10.0 1.5 0.0 52.4

0.6 9.0 1.4 0.0 53.5

1.1 37.6 10.2

1.9 38.2 10.0

2.4 28.4 7.4

1.5 35.2 9.2

2.0 33.6 8.7

2.1 32.4 8.2

1.2 37.6 9.5

2.0 25.4 7.3

5.8 11.8 3.4

0.0 0.0 0.0

3.0 12.7 3.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

30,757 2,128 779 4,140 0 -398 660

39,097 4,702 1,202 7,790 0 -824 2,376

48,828 7,293 1,968 10,018 149 -306 1,516

63,397 10,668 4,315 15,618 661 -176 2,825

65,950 13,065 5,428 17,802 765 1,196 3,877

73,526 14,335 6,562 20,766 903 857 5,277

86,604 17,690 8,941 26,382 840 926 5,787

99,391 17,060 10,523 24,590 1,084 3,345 10,342

577.3 39.9 34.6 1.3 52.4 5.4 1.9

334.5 40.2 16.1 1.3 61.5 15.1 3.7

213.0 31.8 10.5 2.2 70.8 9.8 1.8

172.3 29.0 7.5 3.7 76.4 15.4 2.2

153.3 30.4 5.4 5.9 74.6 19.4 2.6

148.6 29.0 6.9 6.4 76.6 24.8 3.0

129.4 26.4 5.0 8.3 75.6 25.3 2.6

139.6 24.0 5.6 8.1 77.1 43.4 5.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

70


BANGLADESH (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

11,504 11,504 11,281 6,434 64 4,095 4,847 223 0 21 0 0

14,905 14,905 14,727 9,669 55 5,638 5,057 179 0 12 0 0

14,985 14,985 14,809 10,998 24 6,431 3,810 176 0 15 0 0

17,385 17,385 17,201 14,044 0 8,688 3,157 184 0 32 0 0

18,378 18,378 18,215 14,947 0 9,297 3,268 163 0 30 0 0

19,426 19,426 19,278 16,315 0 10,077 2,963 148 0 26 0 0

20,307 20,307 20,209 17,296 0 10,613 2,914 98 0 18 0 0

21,206 21,206 21,122 18,376 0 10,746 2,746 84 0 15 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,203 1,203 1,114 819 0 464 295 90 0 22 0 0

757 757 677 494 0 198 183 79 0 0 0 0

861 861 794 650 0 357 145 67 0 15 0 0

878 878 878 814 0 547 64 0 0 0 0 0

1,061 1,061 1,061 742 0 398 319 0 0 0 0 0

1,080 1,080 1,080 1,008 0 602 71 0 0 0 0 0

1,732 1,732 1,706 1,451 0 820 255 27 0 0 0 0

1,499 1,499 1,499 1,430 0 297 69 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

335 335 301 62 2 13 240 34 0 2 0 0

513 513 414 104 5 41 310 99 0 2 0 0

487 487 465 168 5 82 297 22 0 0 0 0

566 566 551 290 0 153 260 16 0 5 0 0

482 482 459 328 0 172 131 24 0 5 0 0

735 735 719 383 0 193 335 17 0 5 0 0

632 632 612 434 0 213 178 20 0 5 0 0

705 705 692 477 0 234 215 13 0 3 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

146 146 135 51 4 28 84 11 0 1 0 0

167 167 162 87 4 42 75 5 0 0 0 0

165 165 156 93 2 47 63 9 0 0 0 0

197 197 195 133 0 70 62 2 0 0 0 0

167 167 166 137 0 70 29 2 0 1 0 0

180 180 178 144 0 72 34 2 0 1 0 0

203 203 200 161 0 77 38 3 0 1 0 0

197 197 195 157 0 79 38 2 0 0 0 0

1,587 812

244 182

-845 368

-1,205 370

1,651 1,235

1,264 532

1,590 1,826

934 817

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

764 236

775 242

822 244

1,109 240

1,140 229

927 218

978 214

1,024 207

26 3

22 3

19 2

14 1

14 1

2 0

2 0

2 0

Notes: Historical data on long-term public and publicly guaranteed debt up to 2008 are revised based on reports provided by the country.

71


BELARUS (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

1,694 1,302 1,301 0 283 110 19

2,140 787 689 98 114 1,239 14

4,737 1,233 786 448 0 3,503 1

5,352 1,697 842 855 0 3,654 4

10,341 3,463 2,338 1,125 0 6,878 2

12,299 5,340 3,752 1,589 0 6,959 2

17,158 6,262 4,758 1,504 2,871 8,024 3

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

140 1,301 0 145

29 689 98 136

37 777 456 412

22 837 860 174

10 2,336 1,127 1,639

4 3,752 1,589 1,961

19 4,758 1,504 1,492

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

441 258 182

249 249 0

648 648 0

747 747 0

2,532 2,532 0

2,709 2,709 0

4,917 2,091 2,825

Principal repayments Long-term external debt IMF repurchases

.. .. ..

108 108 0

261 206 56

519 510 9

483 483 0

757 757 0

826 826 0

935 935 0

Net flows Long-term external debt Short-term external debt

.. .. ..

369 150 36

-89 43 -76

695 138 566

412 264 148

5,000 1,775 3,225

1,965 1,883 82

5,046 1,157 1,064

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

74 59 10 4

107 39 7 61

161 51 0 111

250 72 0 178

322 81 0 241

349 232 0 117

313 172 13 128

.. ..

15 ..

119 1

305 1

354 -1

1,785 5

2,181 1

1,884 1

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 2.3 0.0 0.7 50.8

.. 2.2 0.0 0.1 48.9

14.4 1.1 0.0 0.0 71.8

26.0 0.7 0.0 0.0 61.1

9.9 0.1 0.0 0.0 85.5

4.1 0.0 0.0 0.0 93.4

7.8 0.0 0.0 0.0 89.3

.. .. ..

5.1 16.0 5.6

6.8 5.9 2.4

5.0 7.6 1.4

5.9 16.9 5.4

4.6 14.9 5.4

6.1 12.1 4.2

4.2 13.4 4.7

.. .. ..

8.1 5.8 1.6

7.2 2.5 1.0

8.9 1.1 1.1

7.2 2.3 1.3

4.8 3.0 1.0

0.0 0.0 0.0

3.2 9.0 2.3

.. .. .. .. .. .. ..

13,922 5,271 29 5,805 .. -458 377

12,690 7,667 139 8,160 5 -338 350

30,220 18,350 255 18,079 135 436 1,342

36,841 22,482 340 24,134 236 -1,448 1,386

44,870 27,901 354 31,124 435 -3,032 4,179

59,974 37,388 443 42,844 682 -5,262 3,063

48,249 25,070 352 31,729 871 -6,402 5,640

.. .. .. .. .. .. ..

32.1 12.2 3.4 6.5 11.1 22.3 0.8

27.9 16.9 4.8 57.9 10.1 16.4 0.5

25.8 15.7 3.7 74.0 1.7 28.3 0.9

23.8 14.5 3.3 68.3 1.2 25.9 0.7

37.1 23.0 3.9 66.5 0.5 40.4 1.6

32.9 20.5 3.1 56.6 0.4 24.9 0.9

68.4 35.6 5.0 46.8 1.5 32.9 2.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

72


BELARUS (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

1,302 1,301 769 188 116 0 582 532 0 46 0 0

787 689 400 217 105 0 183 289 0 56 98 0

1,233 786 566 81 59 0 485 219 0 57 448 0

1,697 842 571 65 50 0 506 271 0 102 855 0

3,463 2,338 2,076 52 42 0 2,023 262 0 107 1,125 19

5,340 3,752 3,580 50 42 0 3,529 172 0 68 1,589 19

6,262 4,758 4,629 261 256 0 4,368 128 0 46 1,504 19

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

258 258 131 77 11 0 54 127 0 20 0 0

249 143 25 25 6 0 0 118 0 48 106 0

648 254 188 7 7 0 181 66 0 34 395 0

747 207 74 5 5 0 69 133 0 83 540 0

2,532 1,717 1,596 7 7 0 1,589 121 0 96 815 19

2,709 1,568 1,563 16 16 0 1,547 5 0 0 1,141 0

2,091 1,265 1,254 216 216 0 1,038 11 0 10 826 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

108 108 84 70 0 0 15 24 0 0 0 0

206 134 52 49 14 0 4 82 0 28 71 0

510 177 94 42 16 0 52 83 0 12 333 0

483 171 73 23 15 0 50 98 0 42 311 0

757 253 98 21 16 0 77 155 0 101 505 0

826 151 64 19 17 0 45 86 0 35 675 0

935 126 67 5 3 0 62 59 0 33 809 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

59 59 32 23 8 0 10 26 0 1 0 0

39 38 18 17 6 0 2 19 0 4 1 0

51 39 17 5 3 0 12 22 0 4 12 0

72 45 28 4 3 0 24 16 0 6 27 0

81 49 30 4 3 0 26 19 0 8 33 1

232 176 159 3 2 0 156 17 0 8 56 2

172 105 97 2 2 0 94 8 0 4 67 2

.. ..

398 369

-122 -89

708 695

615 412

4,989 5,000

1,958 1,965

4,859 5,046

.. .. ..

0 0 0

50 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 15 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

91 120

154 164

273 156

437 139

580 119

556 96

464 76

474 62

454 70

331 52

298 36

188 26

148 18

108 12

74 8

60 4

Notes: Short-term debt is based on reports provided by the National Bank.

73


BELIZE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

143 136 136 0 0 6 1

255 219 219 0 0 36 1

612 562 553 8 0 50 0

1,012 1,006 981 25 0 6 6

1,036 1,029 1,009 20 0 7 7

1,085 1,078 1,064 14 0 6 6

1,071 1,064 1,048 16 0 7 7

1,092 1,076 1,063 14 7 8 8

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2 136 0 5

1 219 0 29

0 553 8 224

2 981 25 199

0 1,009 20 106

1 1,052 26 591

1 1,038 26 16

1 1,054 23 90

External debt flows Disbursements Long-term external debt IMF purchases

18 18 0

31 31 0

223 223 0

212 212 0

99 99 0

615 615 0

43 43 0

72 64 7

Principal repayments Long-term external debt IMF repurchases

12 9 3

25 25 0

41 41 0

160 160 0

77 77 0

567 567 0

56 56 0

52 52 0

Net flows Long-term external debt Short-term external debt

7 9 1

27 6 21

181 182 -1

53 53 0

23 23 0

48 48 0

-13 -13 0

19 12 0

Interest payments Long-term external debt IMF charges Short-term external debt

6 6 0 0

11 10 0 1

35 32 0 3

73 73 0 0

64 64 0 0

64 64 0 0

51 51 0 0

47 47 0 0

17 0

21 0

23 0

127 0

109 4

140 0

191 2

95 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 23.6 0.0 45.3

.. 0.0 10.0 0.1 62.7

.. 0.0 1.8 0.0 93.2

1.3 0.0 0.4 0.0 96.7

1.4 0.0 0.4 0.0 96.9

1.3 0.0 0.2 0.0 97.2

0.8 0.0 0.1 0.0 97.8

0.8 0.0 0.1 0.0 98.0

5.0 10.0 2.5

5.9 17.9 3.9

6.3 21.1 5.3

0.0 28.4 1.0

2.9 10.5 2.4

5.3 22.3 5.6

4.1 23.4 5.6

1.9 22.2 4.6

0.0 0.0 0.0

8.6 4.8 0.3

9.5 8.1 3.0

4.7 7.1 1.6

0.0 0.0 0.0

4.2 21.9 12.2

4.3 22.0 12.5

0.0 0.0 0.0

406 255 18 269 7 15 70

599 300 14 351 8 -17 38

775 441 26 661 31 -162 123

1,000 634 46 836 35 -151 71

1,088 800 65 899 52 -25 114

1,118 831 75 976 87 -52 109

1,197 872 78 1,116 94 -132 166

.. 731 80 905 66 -94 214

55.9 35.1 7.2 4.3 40.2 48.9 3.1

85.0 42.6 12.2 14.0 35.1 14.7 1.3

138.6 78.9 17.3 8.2 22.2 20.1 2.2

159.6 101.1 36.7 0.6 21.4 7.1 1.0

129.5 95.2 17.6 0.6 21.2 11.0 1.5

130.6 97.0 76.0 0.6 21.7 10.0 1.3

122.7 89.4 12.3 0.6 21.1 15.5 1.8

149.3 .. 13.6 0.7 22.5 19.6 2.8

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

74


BELIZE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

136 136 118 57 18 0 61 18 0 16 0 0

219 219 175 89 30 0 86 44 0 39 0 0

562 553 225 136 40 0 89 328 75 245 8 0

1,006 981 340 216 35 0 124 641 482 149 25 0

1,029 1,009 407 219 30 0 188 602 466 129 20 0

1,078 1,064 383 236 25 0 148 681 24 652 14 0

1,064 1,048 381 226 21 0 156 667 22 642 16 0

1,076 1,063 407 245 16 0 162 655 21 634 14 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

18 18 13 6 3 0 7 5 0 5 0 0

31 31 26 12 6 0 13 5 0 5 0 0

223 218 26 22 2 0 4 192 86 96 5 0

212 212 48 14 1 0 34 165 143 12 0 0

99 99 97 17 0 0 80 3 0 3 0 0

615 615 63 36 0 0 26 552 0 552 0 0

43 43 41 18 0 0 24 2 0 2 0 0

64 64 63 34 0 0 30 1 0 1 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

9 9 7 3 1 0 4 2 0 2 0 0

25 25 18 7 2 0 11 8 0 5 0 0

41 41 20 9 4 0 11 22 11 9 0 0

160 158 23 17 4 0 6 135 36 98 2 0

77 72 30 15 5 0 15 41 16 22 5 0

567 561 87 21 5 0 66 474 441 30 6 0

56 52 36 21 5 0 16 16 2 11 4 0

52 50 37 15 4 0 23 13 1 9 2 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

6 6 4 3 1 0 1 1 0 1 0 0

10 10 8 4 2 0 4 2 0 2 0 0

32 32 12 7 3 0 4 20 1 18 0 0

73 72 15 9 2 0 5 58 41 16 1 0

64 64 17 10 2 0 7 47 36 10 1 0

64 63 18 11 2 0 8 45 23 21 0 0

51 50 17 10 1 0 7 33 2 31 0 0

47 47 14 8 1 0 7 33 2 30 0 0

6 7

56 27

220 181

49 53

24 23

49 48

-14 -13

21 19

0 9 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

32 13

28 12

28 12

27 11

29 10

29 9

39 8

28 7

37 31

12 29

31 27

9 26

9 25

9 24

5 24

5 23

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates.

75


BENIN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

1,122 1,048 1,048 0 18 56 21

1,398 1,267 1,267 0 84 47 8

1,390 1,239 1,239 0 84 66 1

1,539 1,446 1,446 0 53 41 2

642 599 599 0 3 41 2

766 757 757 0 4 5 5

918 857 857 0 22 38 5

1,073 990 990 0 39 45 33

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

69 1,048 0 85

71 1,267 0 113

2 1,239 0 140

6 1,446 0 266

8 599 0 91

9 757 0 228

13 857 0 147

36 990 0 232

External debt flows Disbursements Long-term external debt IMF purchases

120 120 0

104 90 14

48 39 9

98 97 1

162 161 1

160 158 1

162 143 19

166 150 16

Principal repayments Long-term external debt IMF repurchases

20 18 2

25 23 2

53 43 11

31 24 7

27 27 0

18 18 0

17 17 0

25 25 0

Net flows Long-term external debt Short-term external debt

91 101 -8

95 67 16

-54 -4 -48

82 73 15

135 134 0

102 140 -39

178 127 33

120 125 -21

Interest payments Long-term external debt IMF charges Short-term external debt

17 13 0 4

23 21 0 2

21 16 0 4

16 14 0 2

14 12 0 2

11 10 0 1

42 41 0 0

12 12 0 0

62 0

13 0

60 0

53 2

53 0

255 5

174 ..

93 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 1.0 0.0 40.3

.. 0.0 0.5 0.0 45.1

.. 2.6 0.3 0.0 54.8

4.4 0.0 0.0 0.0 50.7

4.9 0.0 0.0 0.0 27.2

3.8 0.0 0.0 0.0 27.9

3.2 0.0 0.0 0.0 24.3

5.3 0.0 0.0 0.0 21.5

1.3 39.2 8.4

1.7 32.4 8.9

1.9 32.7 8.3

1.3 30.4 9.3

1.2 32.6 8.3

1.5 32.5 8.4

1.5 30.1 8.0

1.3 36.8 8.9

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1,806 376 101 492 0 -18 69

1,965 638 100 926 6 -167 198

2,243 552 87 744 1 -81 458

4,259 797 173 1,188 9 -226 657

4,623 976 224 1,452 15 -217 912

5,428 1,385 282 2,189 53 -535 1,209

6,672 .. 271 1,928 .. .. 1,263

6,646 .. 267 .. .. .. 1,230

298.2 62.1 9.9 5.0 51.4 6.2 1.7

219.3 71.2 7.5 3.4 63.1 14.2 2.6

251.8 62.0 13.5 4.8 69.7 33.0 7.4

193.1 36.1 5.9 2.7 88.1 42.7 6.6

65.8 13.9 4.2 6.4 72.0 142.0 7.5

55.3 14.1 2.1 0.6 77.9 157.9 6.6

.. 13.8 .. 4.2 75.4 137.7 7.9

.. 16.1 .. 4.2 74.7 114.6 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

76


BENIN (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,048 1,048 1,031 576 0 326 455 17 0 0 0 0

1,267 1,267 1,263 882 0 498 381 4 0 0 0 0

1,239 1,239 1,237 969 0 578 267 3 0 0 0 0

1,446 1,446 1,446 1,356 0 771 89 0 0 0 0 0

599 599 599 463 0 126 136 0 0 0 0 0

757 757 757 597 0 176 160 0 0 0 0 0

857 857 857 692 0 255 165 0 0 0 0 0

990 990 990 801 0 309 188 0 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

120 120 120 90 0 56 29 0 0 0 0 0

90 90 90 80 0 31 10 0 0 0 0 0

39 39 39 27 0 36 12 0 0 0 0 0

97 97 97 92 0 49 4 0 0 0 0 0

161 161 161 85 0 32 75 0 0 0 0 0

158 158 158 138 0 43 21 0 0 0 0 0

143 143 143 138 0 84 5 0 0 0 0 0

150 150 150 117 0 51 33 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

18 18 18 18 0 1 0 0 0 0 0 0

23 23 23 16 0 3 7 0 0 0 0 0

43 43 43 14 0 4 28 0 0 0 0 0

24 24 20 20 0 6 1 4 0 0 0 0

27 27 27 21 0 3 6 0 0 0 0 0

18 18 18 17 0 0 2 0 0 0 0 0

17 17 17 14 0 0 3 0 0 0 0 0

25 25 25 17 0 0 8 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

13 13 13 12 0 2 1 0 0 0 0 0

21 21 21 8 0 4 12 0 0 0 0 0

16 16 16 11 0 4 5 0 0 0 0 0

14 14 14 13 0 6 1 0 0 0 0 0

12 12 12 12 0 4 1 0 0 0 0 0

10 10 10 10 0 1 1 0 0 0 0 0

41 41 41 24 0 2 17 0 0 0 0 0

12 12 12 10 0 2 2 0 0 0 0 0

50 91

14 95

-88 -54

-60 82

-897 135

123 102

152 178

156 120

12 125 0

5 139 0

53 7 0

0 15 0

0 1,076 0

0 0 0

0 6 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

43 14

46 15

50 16

56 16

58 16

60 15

57 14

55 13

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Historical data on long-term public and publicly guaranteed debt up to 2008 are revised based on reports provided by the country. Benin was granted debt relief effective in 2006 under MDRI.

77


BHUTAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

83.5 80.3 80.3 0.0 0.0 3.3 0.3

105.8 105.2 105.2 0.0 0.0 0.6 0.6

203.8 202.2 202.2 0.0 0.0 1.5 0.0

649.2 636.7 636.7 0.0 0.0 12.5 4.5

713.3 697.3 697.3 0.0 0.0 16.0 0.0

775.0 775.0 775.0 0.0 0.0 0.0 0.0

692.4 692.4 692.4 0.0 0.0 0.0 0.0

762.4 762.4 762.4 0.0 0.0 0.0 0.0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1.5 80.3 0.0 0.0

0.2 105.2 0.0 24.0

0.0 202.2 0.0 85.1

4.1 636.7 0.0 60.3

0.0 697.3 0.0 25.0

0.0 775.0 0.0 896.6

0.0 692.4 0.0 0.0

0.0 762.4 0.0 175.8

External debt flows Disbursements Long-term external debt IMF purchases

8.4 8.4 0.0

9.9 9.9 0.0

34.8 34.8 0.0

81.9 81.9 0.0

45.2 45.2 0.0

31.9 31.9 0.0

48.4 48.4 0.0

91.9 91.9 0.0

Principal repayments Long-term external debt IMF repurchases

2.9 2.9 0.0

7.2 7.2 0.0

4.7 4.7 0.0

4.6 4.6 0.0

5.9 5.9 0.0

23.9 23.9 0.0

43.5 43.5 0.0

41.1 41.1 0.0

Net flows Long-term external debt Short-term external debt

6.5 5.5 1.0

2.7 2.7 0.0

29.6 30.1 -0.5

85.3 77.3 8.0

47.3 39.3 8.0

-8.0 8.0 -16.0

4.9 4.9 0.0

50.8 50.8 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

2.3 2.0 0.0 0.2

2.6 2.6 0.0 0.0

2.0 1.8 0.0 0.2

2.2 2.0 0.0 0.2

4.2 3.4 0.0 0.8

7.3 6.9 0.0 0.4

38.0 38.0 0.0 0.0

34.4 34.4 0.0 0.0

.. ..

.. ..

.. ..

9.0 ..

6.1 ..

73.3 ..

29.7 ..

36.4 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 43.1

.. 0.0 0.0 0.0 28.6

.. 0.0 0.0 0.0 17.7

9.6 0.0 0.0 0.0 18.2

10.9 0.0 0.0 0.0 19.2

11.1 0.0 0.0 0.0 19.0

11.3 0.0 0.0 0.0 22.4

11.3 0.0 0.0 0.0 23.6

0.0 0.0 0.0

1.3 33.4 11.2

3.6 32.1 10.5

0.8 28.6 7.1

1.4 32.0 8.5

9.5 19.3 7.6

0.8 38.9 9.4

4.3 24.7 6.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

297.7 .. .. .. .. .. 88.8

291.6 .. .. .. .. .. 130.5

418.7 .. .. .. .. .. 317.6

792.7 144.9 .. .. .. .. 467.4

875.7 194.8 .. .. .. .. 545.3

1190.5 266.5 .. 658.6 .. .. 699.0

1218.6 381.9 .. 656.0 .. .. 764.8

1322.4 659.8 .. 610.0 .. .. ..

.. 28.1 .. 3.9 50.1 106.3 ..

.. 36.3 .. 0.5 64.5 123.3 ..

.. 48.7 .. 0.8 49.4 155.9 ..

448.0 81.9 4.7 1.9 27.3 72.0 ..

366.2 81.5 5.2 2.2 27.4 76.5 ..

290.8 65.1 11.7 .. 28.9 90.2 12.7

181.3 56.8 21.3 .. 34.4 110.5 14.0

115.6 57.7 11.4 .. 37.5 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

78


BHUTAN (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

80.3 80.3 61.8 41.9 0.0 16.1 19.9 18.5 0.0 0.0 0.0 0.0

105.2 105.2 98.4 68.2 0.0 22.5 30.2 6.8 0.0 0.0 0.0 0.0

202.2 202.2 202.2 100.6 0.0 26.1 101.6 0.0 0.0 0.0 0.0 0.0

636.7 636.7 636.7 177.1 0.0 63.3 459.6 0.0 0.0 0.0 0.0 0.0

697.3 697.3 697.3 195.8 0.0 76.0 501.5 0.0 0.0 0.0 0.0 0.0

775.0 775.0 775.0 223.7 0.0 87.5 551.4 0.0 0.0 0.0 0.0 0.0

692.4 692.4 692.4 238.1 0.0 94.3 454.3 0.0 0.0 0.0 0.0 0.0

762.4 762.4 762.4 286.0 0.0 113.9 476.4 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8.4 8.4 8.4 7.2 0.0 2.0 1.2 0.0 0.0 0.0 0.0 0.0

9.9 9.9 9.9 5.8 0.0 1.2 4.1 0.0 0.0 0.0 0.0 0.0

34.8 34.8 34.8 11.8 0.0 3.6 23.0 0.0 0.0 0.0 0.0 0.0

81.9 81.9 81.9 22.1 0.0 8.4 59.9 0.0 0.0 0.0 0.0 0.0

45.2 45.2 45.2 15.1 0.0 10.3 30.1 0.0 0.0 0.0 0.0 0.0

31.9 31.9 31.9 21.4 0.0 8.8 10.5 0.0 0.0 0.0 0.0 0.0

48.4 48.4 48.4 14.7 0.0 8.6 33.6 0.0 0.0 0.0 0.0 0.0

91.9 91.9 91.9 51.3 0.0 19.9 40.6 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2.9 2.9 0.3 0.0 0.0 0.0 0.3 2.6 0.0 0.0 0.0 0.0

7.2 7.2 4.9 0.6 0.0 0.1 4.3 2.3 0.0 0.0 0.0 0.0

4.7 4.7 4.7 1.3 0.0 0.3 3.4 0.0 0.0 0.0 0.0 0.0

4.6 4.6 4.6 2.2 0.0 0.7 2.5 0.0 0.0 0.0 0.0 0.0

5.9 5.9 5.9 2.5 0.0 0.8 3.4 0.0 0.0 0.0 0.0 0.0

23.9 23.9 23.9 2.7 0.0 0.8 21.2 0.0 0.0 0.0 0.0 0.0

43.5 43.5 43.5 3.7 0.0 1.0 39.8 0.0 0.0 0.0 0.0 0.0

41.1 41.1 41.1 5.3 0.0 1.2 35.7 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2.0 2.0 0.4 0.3 0.0 0.1 0.1 1.6 0.0 0.0 0.0 0.0

2.6 2.6 2.0 0.6 0.0 0.2 1.4 0.6 0.0 0.0 0.0 0.0

1.8 1.8 1.8 0.9 0.0 0.2 0.9 0.0 0.0 0.0 0.0 0.0

2.0 2.0 2.0 1.6 0.0 0.6 0.4 0.0 0.0 0.0 0.0 0.0

3.4 3.4 3.4 1.8 0.0 0.6 1.6 0.0 0.0 0.0 0.0 0.0

6.9 6.9 6.9 1.8 0.0 0.6 5.1 0.0 0.0 0.0 0.0 0.0

38.0 38.0 38.0 2.1 0.0 0.7 35.9 0.0 0.0 0.0 0.0 0.0

34.4 34.4 34.4 2.2 0.0 0.7 32.2 0.0 0.0 0.0 0.0 0.0

9.7 6.5

1.3 2.7

20.0 29.6

55.9 85.3

64.1 47.3

61.7 -8.0

-82.6 4.9

69.9 50.8

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

66.4 46.9

66.5 53.9

67.0 55.2

72.2 53.1

75.9 49.2

142.0 88.9

117.0 76.9

91.5 69.8

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

79


BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

4,275 3,864 3,687 177 257 154 6

5,272 4,698 4,459 239 268 307 20

5,785 5,163 4,137 1,026 220 402 2

6,908 6,482 4,568 1,914 244 182 0

5,798 5,563 3,175 2,388 15 220 0

4,992 4,815 2,194 2,621 0 177 0

5,529 5,371 2,403 2,969 0 158 0

5,745 5,191 2,545 2,647 0 554 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

31 3,687 177 549

30 4,459 239 684

19 3,759 1,403 180

0 4,545 1,937 551

0 3,157 2,406 185

0 2,184 2,631 1,059

0 2,393 2,978 1,173

0 2,535 2,656 1,156

External debt flows Disbursements Long-term external debt IMF purchases

331 300 31

520 494 26

759 744 15

895 880 14

364 364 0

912 912 0

1,264 1,264 0

512 512 0

Principal repayments Long-term external debt IMF repurchases

241 196 46

199 173 26

454 434 20

355 315 40

208 208 0

539 525 15

767 767 0

452 452 0

Net flows Long-term external debt Short-term external debt

32 104 -57

341 321 20

294 309 -10

449 565 -91

194 155 38

329 387 -43

479 498 -19

456 60 396

Interest payments Long-term external debt IMF charges Short-term external debt

144 117 13 14

173 155 1 17

180 159 1 20

174 159 6 10

215 203 2 10

202 194 1 7

179 175 0 4

137 118 0 19

27 0

393 0

736 0

-239 0

281 0

366 0

512 0

423 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 10.0 0.9 0.7 41.3

.. 13.2 0.7 0.0 32.7

.. 12.3 0.2 0.0 45.0

1.5 0.0 0.0 0.0 75.3

2.6 0.0 0.0 0.0 66.2

4.2 0.0 0.0 0.0 76.5

3.6 0.0 0.0 0.0 79.7

3.1 0.0 0.0 0.0 82.0

4.1 29.5 7.9

3.8 29.1 7.8

4.2 28.6 7.9

4.9 21.6 5.6

4.1 24.9 5.8

2.7 22.8 5.2

3.6 19.9 5.3

3.4 22.3 5.5

9.4 5.8 1.5

6.7 5.6 1.0

7.4 5.8 0.8

0.0 0.0 0.0

0.0 0.0 0.0

5.0 2.0 2.0

4.8 2.7 2.0

2.2 15.0 4.5

4,626 996 5 1,354 17 -199 511

6,494 1,262 7 1,809 24 -303 1,005

8,172 1,610 127 2,443 148 -446 1,184

10,980 3,401 346 3,363 271 622 1,795

12,378 4,587 612 4,091 392 1,317 3,194

12,631 5,327 1,065 5,002 644 1,591 5,314

16,138 7,294 1,144 6,563 681 2,015 7,720

16,675 4,096 1,109 522 .. .. 8,575

429.4 92.4 38.7 3.6 37.2 12.0 4.5

417.7 81.2 29.5 5.8 48.9 19.1 6.7

359.4 70.8 39.4 7.0 48.5 20.5 5.8

203.1 62.9 15.6 2.6 60.9 26.0 6.4

126.4 46.8 9.2 3.8 47.6 55.1 9.4

93.7 39.5 13.9 3.5 34.0 106.4 12.7

75.8 34.3 13.0 2.9 32.7 139.6 14.1

140.3 34.5 14.4 9.6 34.4 149.2 197.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

80


BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,864 3,687 3,362 1,589 194 393 1,773 325 35 4 177 0

4,698 4,459 4,396 2,579 95 770 1,817 63 17 9 239 0

5,163 4,137 4,103 2,803 0 1,096 1,300 33 0 3 1,026 0

6,482 4,568 4,545 4,210 0 1,673 336 23 0 1 1,914 0

5,563 3,175 3,155 2,762 0 233 393 20 0 0 2,388 0

4,815 2,194 2,166 1,698 0 259 468 28 10 0 2,621 0

5,371 2,403 2,313 1,810 0 281 503 89 10 66 2,969 0

5,191 2,545 2,461 1,978 0 316 482 84 0 73 2,647 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

300 300 291 204 0 49 86 9 0 0 0 0

494 427 427 383 0 113 45 0 0 0 67 0

744 276 263 238 0 61 25 13 0 0 468 0

880 434 433 350 0 71 83 1 0 0 447 0

364 259 258 186 0 34 72 1 0 0 105 0

912 319 309 222 0 16 87 10 10 0 593 0

1,264 592 525 458 0 25 67 67 0 66 673 0

512 415 408 330 0 34 79 7 0 7 97 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

196 172 163 117 21 2 46 9 0 2 24 0

173 155 147 120 26 2 27 8 0 4 18 0

434 153 149 118 12 0 32 4 0 1 281 0

315 184 182 169 0 8 13 2 0 1 131 0

208 200 196 181 0 5 14 4 0 1 8 0

525 165 161 145 0 0 16 4 0 0 360 0

767 375 370 352 0 1 19 5 0 0 392 0

452 195 182 166 0 2 17 13 10 0 257 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

117 103 101 69 15 3 32 2 0 1 14 0

155 137 133 100 9 6 33 4 0 1 19 0

159 112 111 82 1 1 29 1 0 0 47 0

159 100 99 94 0 12 5 0 0 0 59 0

203 111 111 101 0 6 10 0 0 0 92 0

194 103 103 92 0 2 11 0 0 0 91 0

175 98 98 88 0 2 10 1 0 0 77 0

118 70 66 57 0 2 9 4 0 3 48 0

143 32

396 341

237 294

686 449

-1,110 194

-805 329

537 479

216 456

153 169 4

196 82 0

0 64 0

0 65 0

0 1,787 0

0 1,182 0

0 17 0

0 87 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

197 65

186 71

192 76

231 77

260 76

265 72

266 67

274 64

607 115

517 88

461 64

567 49

200 18

189 14

95 11

64 9

Notes: Bolivia was granted debt relief effective in 2006 under MDRI. Data for 2007 include the effects of MDRI, in the amount of $810 in thousands.

81


BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

.. .. .. .. 48 .. ..

2,773 2,619 1,957 663 105 49 1

6,222 5,323 2,556 2,767 62 837 0

7,242 6,051 2,716 3,335 20 1,171 0

8,823 7,133 2,958 4,175 2 1,687 0

8,303 7,398 3,000 4,398 0 905 0

9,583 7,620 3,569 4,051 286 1,677 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

.. .. .. ..

1 1,957 663 197

0 2,556 2,767 120

0 2,716 3,335 616

0 2,958 4,175 231

0 3,000 4,398 302

0 3,569 4,051 368

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

.. .. 46

138 103 36

536 536 0

754 754 0

1,022 1,022 0

471 471 0

815 533 282

Principal repayments Long-term external debt IMF repurchases

.. .. ..

.. .. 28

190 170 20

134 95 39

188 144 44

145 127 18

139 137 2

354 354 0

Net flows Long-term external debt Short-term external debt

.. .. ..

.. .. ..

-41 -68 11

879 441 477

899 609 334

1,392 895 516

-450 335 -782

1,233 179 772

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

.. .. 5 ..

127 119 5 3

151 136 3 12

183 176 2 4

290 217 1 73

307 256 0 50

292 219 1 72

.. ..

.. ..

146 0

608 ..

768 ..

2,071 ..

921 ..

235 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. .. .. .. ..

.. 0.0 0.0 2.3 27.6

33.9 1.2 0.0 1.7 41.3

35.7 1.3 0.0 1.2 40.9

38.0 1.2 0.0 1.2 40.1

38.9 1.5 0.0 1.2 39.1

48.6 1.2 0.0 1.1 32.7

.. .. ..

.. .. ..

3.7 23.3 6.7

1.9 17.1 5.9

3.1 20.6 6.9

3.9 22.4 6.1

4.7 16.2 4.3

1.6 16.1 4.8

.. .. ..

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

2.9 11.9 2.9

4.2 15.1 6.9

1.2 13.4 6.0

1.0 13.5 4.5

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

6,096 2,247 1,607 4,234 0 -396 497

11,343 4,227 2,043 8,103 97 -1,844 2,531

12,810 5,253 2,157 8,468 175 -981 3,372

15,723 6,738 2,700 11,049 344 -1,594 4,525

19,100 8,062 2,735 13,539 234 -2,764 3,516

17,554 6,125 2,167 9,441 29 .. 3,245

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

123.4 45.5 14.2 1.8 45.6 17.9 1.4

147.2 54.9 6.8 13.5 27.5 40.7 3.7

137.9 56.5 7.1 16.2 24.9 46.6 4.8

130.9 56.1 6.5 19.1 22.0 51.3 4.9

103.0 43.5 5.5 10.9 23.9 42.3 3.1

156.5 54.6 10.5 17.5 22.9 33.9 4.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

82


BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 472 0 .. .. .. .. .. ..

2,619 1,957 1,832 1,266 562 398 566 125 0 125 663 0

5,323 2,556 2,401 1,712 481 921 689 155 0 155 2,767 0

6,051 2,716 2,547 1,802 466 983 744 169 0 169 3,335 0

7,133 2,958 2,764 1,942 453 1,068 821 195 0 195 4,175 0

7,398 3,000 2,800 1,984 443 1,077 816 200 0 200 4,398 0

7,620 3,569 3,041 2,197 417 1,102 845 527 322 206 4,051 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

103 98 98 90 0 44 8 0 0 0 5 0

536 150 150 133 0 56 17 0 0 0 386 0

754 125 125 94 0 27 32 0 0 0 628 0

1,022 149 137 118 0 57 19 12 0 12 873 0

471 189 163 128 0 29 35 26 0 26 282 0

533 327 315 269 0 33 46 12 0 12 206 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

170 170 170 166 0 0 3 0 0 0 1 0

95 54 51 44 24 0 7 3 0 3 41 0

144 67 63 56 24 4 8 3 0 3 78 0

127 79 72 63 24 9 9 7 0 7 48 0

137 91 82 71 25 12 11 9 0 9 46 0

354 109 96 84 25 15 12 13 0 13 245 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0 0 .. .. .. .. .. ..

119 89 86 74 33 3 13 2 0 2 30 0

136 53 48 35 17 7 13 6 0 6 83 0

176 61 56 43 23 8 13 6 0 6 114 0

217 70 63 49 26 8 14 6 0 6 147 0

256 80 70 54 26 8 16 10 0 10 176 0

219 63 56 41 17 8 14 8 0 8 155 0

.. ..

.. ..

397 -41

633 879

1,020 899

1,580 1,392

-520 -450

1,280 1,233

.. .. ..

.. .. ..

4 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

197 57

181 57

180 56

195 54

218 51

224 48

220 44

229 40

1,055 168

859 125

792 92

520 62

378 44

284 31

235 21

192 14

Notes: Data on long-term private nonguaranteed debt from 2005 are World Bank staff estimates.

83


BOTSWANA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

553 547 547 0 0 6 3

717 707 707 0 0 10 6

453 438 438 0 0 15 0

447 412 412 0 0 35 0

382 358 358 0 0 24 0

413 391 391 0 0 22 0

434 391 391 0 0 43 0

1,617 1,388 1,388 0 0 229 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

3 547 0 81

9 676 31 0

1 432 5 0

0 412 0 0

0 358 0 75

0 391 0 50

0 391 0 0

0 1,388 0 1,777

External debt flows Disbursements Long-term external debt IMF purchases

27 27 0

67 67 0

28 28 0

11 11 0

4 4 0

50 50 0

54 54 0

1,006 1,006 0

Principal repayments Long-term external debt IMF repurchases

66 66 0

64 64 0

52 52 0

40 40 0

45 45 0

37 37 0

61 61 0

36 36 0

Net flows Long-term external debt Short-term external debt

-39 -39 0

4 3 1

-29 -24 -5

-17 -30 13

-51 -40 -11

11 13 -2

15 -6 21

1,156 970 186

Interest payments Long-term external debt IMF charges Short-term external debt

39 39 0 0

27 27 0 0

17 15 0 1

13 12 0 1

12 10 0 2

10 9 0 1

8 7 0 1

11 9 0 2

96 0

70 6

57 -6

279 62

486 36

647 9

109 -37

234 18

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 4.4 10.1 0.0 11.9

.. 11.1 3.8 0.1 13.4

.. 11.4 2.3 0.1 18.0

6.9 17.1 5.2 0.1 20.5

8.2 10.4 6.1 0.0 20.8

8.0 13.3 5.5 0.0 18.3

7.2 13.9 3.6 0.0 24.9

2.0 3.5 1.0 0.0 7.7

5.6 17.6 4.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

4.6 18.2 5.2

3.3 20.9 5.9

0.0 0.0 0.0

0.8 20.7 5.8

8.9 11.6 4.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3,686 2,421 86 2,509 407 -19 3,331

4,741 2,904 59 2,565 416 300 4,695

5,280 3,378 26 3,050 658 545 6,318

9,420 5,757 127 4,839 1,066 1,591 6,309

10,482 5,821 117 4,753 1,043 1,940 7,992

11,647 6,061 105 5,816 989 1,351 9,790

13,169 6,042 114 6,550 598 502 9,119

11,432 3,835 122 5,218 .. .. 8,704

22.8 15.0 4.3 1.0 70.0 602.5 15.9

24.7 15.1 3.1 1.4 70.1 654.7 22.0

13.4 8.6 2.0 3.3 65.7 1,395.5 24.9

7.8 4.7 0.9 7.8 58.6 1,410.5 15.6

6.6 3.6 1.0 6.3 64.2 2,091.3 20.2

6.8 3.5 0.8 5.3 58.2 2,369.9 20.2

7.2 3.3 1.1 9.9 57.1 2,102.1 16.7

42.2 14.1 1.2 14.2 77.4 538.2 20.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

84


BOTSWANA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

547 547 520 387 155 14 133 27 0 3 0 0

707 707 660 503 96 12 157 47 0 33 0 0

438 438 410 297 16 9 112 28 0 20 0 0

412 412 401 262 2 7 139 12 0 7 0 0

358 358 349 245 1 6 104 9 0 5 0 0

391 391 384 240 0 6 144 7 0 4 0 0

391 391 389 248 0 5 141 2 0 0 0 0

1,388 1,388 1,387 1,252 0 5 135 2 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

27 27 27 21 7 0 6 0 0 0 0 0

67 67 67 23 1 0 44 0 0 0 0 0

28 28 24 8 0 0 16 4 0 4 0 0

11 11 11 0 0 0 11 0 0 0 0 0

4 4 4 2 0 0 3 0 0 0 0 0

50 50 50 8 0 0 43 0 0 0 0 0

54 54 54 44 0 0 11 0 0 0 0 0

1,006 1,006 1,006 997 0 0 9 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

66 66 48 37 19 0 11 18 0 0 0 0

64 64 58 48 24 0 9 6 0 5 0 0

52 52 45 33 7 0 12 7 0 6 0 0

40 40 38 28 1 0 10 2 0 2 0 0

45 45 42 30 1 0 12 2 0 2 0 0

37 37 35 25 1 0 10 2 0 2 0 0

61 61 56 26 0 0 30 5 0 4 0 0

36 36 35 21 0 0 14 1 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

39 39 36 28 14 0 8 3 0 0 0 0

27 27 24 21 9 0 3 3 0 2 0 0

15 15 14 11 1 0 3 1 0 1 0 0

12 12 11 8 0 0 4 0 0 0 0 0

10 10 10 7 0 0 3 0 0 0 0 0

9 9 9 6 0 0 3 0 0 0 0 0

7 7 7 5 0 0 3 0 0 0 0 0

9 9 9 5 0 0 3 0 0 0 0 0

3 -39

17 4

-51 -29

-63 -17

-65 -51

31 11

21 15

1,184 1,156

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

35 11

52 15

34 14

30 14

29 14

130 13

128 12

133 12

1 0

1 0

1 0

0 0

0 0

0 0

0 0

0 0

85


BRAZIL (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

119,732 94,196 87,525 6,671 1,821 23,715 8,790

160,469 129,090 98,260 30,830 142 31,238 1,546

241,550 208,809 96,127 112,682 1,768 30,973 176

187,526 163,533 94,028 69,505 0 23,993 0

193,458 173,133 84,245 88,889 0 20,325 2

237,605 198,357 79,595 118,762 0 39,248 2

262,139 225,488 79,646 145,842 0 36,652 8

276,932 237,143 87,317 149,826 0 39,789 3

3,597 86,955 7,241 3,012

3,936 97,392 31,698 7,606

1,821 95,681 113,127 30,557

18 92,677 70,855 12,659

3 83,044 90,089 9,247

6 78,374 119,983 11,070

5 78,396 147,092 12,743

10 85,000 152,144 19,262

External debt flows Disbursements Long-term external debt IMF purchases

4,087 4,087 0

20,207 20,207 0

44,051 44,051 0

27,402 27,402 0

52,622 52,622 0

59,905 59,905 0

69,496 69,496 0

57,431 57,431 0

Principal repayments Long-term external debt IMF repurchases

5,896 5,131 765

11,051 11,002 49

47,733 41,040 6,693

49,561 25,751 23,810

47,388 47,388 0

40,422 40,422 0

40,285 40,285 0

30,151 30,151 0

Net flows Long-term external debt Short-term external debt

-1,710 -1,044 99

8,797 9,205 -359

-1,851 3,011 1,831

-23,433 1,651 -1,274

1,564 5,234 -3,670

38,407 19,484 18,923

26,610 29,212 -2,602

30,422 27,280 3,142

Interest payments Long-term external debt IMF charges Short-term external debt

2,260 2,029 231 0

10,522 8,719 10 1,792

17,111 15,280 336 1,494

13,282 10,303 1,079 1,900

14,785 13,150 109 1,526

14,514 13,025 0 1,489

16,175 15,037 0 1,138

14,166 13,677 0 489

989 103

4,859 2,775

32,779 3,076

15,066 6,451

18,782 7,716

34,585 26,217

45,058 -7,565

25,949 37,071

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 7.4 1.8 1.0 60.5

.. 8.7 1.8 0.3 68.3

.. 7.4 1.0 0.3 70.4

9.4 6.1 0.2 0.1 79.3

10.4 5.4 0.3 0.0 79.0

9.8 4.7 0.0 0.0 80.7

9.0 5.9 0.1 0.0 80.6

7.3 5.0 0.1 0.0 84.2

7.4 15.2 4.1

5.9 19.9 4.9

5.7 8.6 1.2

4.7 18.5 4.3

6.0 17.1 4.4

4.6 16.7 3.9

3.7 23.6 3.8

2.5 15.3 5.0

9.0 8.0 3.2

7.7 3.3 2.1

9.9 15.5 14.2

8.7 14.5 14.0

7.5 15.1 15.0

8.5 13.7 9.4

5.5 14.2 13.7

5.7 14.8 13.9

449,672 36,327 573 40,949 1,892 -3,823 9,200

757,886 56,098 3,315 77,855 2,814 -18,136 51,477

626,768 68,205 1,649 93,950 4,238 -24,225 33,015

869,565 137,550 3,540 127,123 11,035 13,985 53,799

1,073,837 163,708 4,253 154,393 13,884 13,621 85,843

1,346,232 196,096 4,382 198,574 19,692 1,551 180,334

1,609,692 240,904 5,089 273,320 28,773 -28,192 193,783

1,547,131 189,549 4,234 217,189 21,029 -24,302 238,539

329.6 26.6 22.5 19.8 9.5 7.7 2.7

286.1 21.2 38.5 19.5 5.8 32.1 7.9

354.2 38.5 95.1 12.8 7.6 13.7 4.2

136.3 21.6 45.7 12.8 10.3 28.7 5.1

118.2 18.0 38.0 10.5 11.3 44.4 6.7

121.2 17.6 28.0 16.5 9.6 75.9 10.9

108.8 16.3 23.4 14.0 9.3 73.9 8.5

146.1 17.9 23.4 14.4 8.9 86.1 13.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

86


BRAZIL (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

94,196 87,525 29,348 11,391 8,427 0 17,956 58,177 2,339 47,461 6,671 0

129,090 98,260 27,837 9,366 6,038 0 18,471 70,423 54,615 12,158 30,830 11,290

208,809 96,127 29,351 18,330 7,377 0 11,021 66,776 54,096 11,478 112,682 16,846

163,533 94,028 25,843 19,356 8,083 0 6,487 68,185 59,077 8,331 69,505 35,969

173,133 84,245 25,382 21,929 9,694 0 3,454 58,862 49,173 9,575 88,889 38,764

198,357 79,595 26,148 22,721 9,676 0 3,427 53,447 45,441 7,719 118,762 45,311

225,488 79,646 29,020 24,352 10,671 0 4,668 50,626 42,035 8,382 145,842 37,855

237,143 87,317 32,385 24,753 10,065 0 7,632 54,932 47,361 7,389 149,826 53,342

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4,087 3,212 1,322 1,001 782 0 321 1,890 200 864 875 0

20,207 8,111 2,005 1,257 838 0 747 6,107 1,661 4,340 12,096 4,563

44,051 19,636 5,244 4,478 1,692 0 766 14,391 10,836 3,532 24,415 2,886

27,402 13,195 3,326 2,326 773 0 1,001 9,868 8,252 1,608 14,207 6,579

52,622 11,122 4,249 3,865 2,203 0 384 6,873 5,614 1,240 41,500 9,832

59,905 6,275 2,063 1,986 606 0 78 4,212 2,977 1,182 53,630 13,930

69,496 16,633 4,313 2,959 1,726 0 1,354 12,320 10,254 2,057 52,863 6,754

57,431 13,489 6,845 3,269 1,274 0 3,576 6,643 6,100 485 43,943 17,015

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5,131 4,123 1,956 1,518 1,251 0 439 2,167 71 1,616 1,008 0

11,002 6,522 3,719 1,683 1,377 0 2,035 2,804 919 1,051 4,480 2,670

41,040 17,226 7,045 4,309 887 0 2,736 10,181 8,397 1,546 23,813 2,775

25,751 9,444 3,300 1,774 1,029 0 1,526 6,145 4,187 1,923 16,306 7,063

47,388 24,474 4,534 1,512 743 0 3,022 19,941 17,885 2,015 22,914 5,479

40,422 14,079 2,263 1,679 805 0 584 11,816 8,110 3,612 26,343 8,471

40,285 16,282 2,352 1,734 812 0 618 13,931 11,952 1,897 24,002 2,420

30,151 7,466 3,407 2,830 1,872 0 578 4,059 2,419 1,557 22,685 1,585

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,029 1,569 1,273 966 725 0 307 296 14 46 460 0

8,719 6,624 1,567 750 491 0 817 5,056 4,416 376 2,095 837

15,280 6,926 1,915 1,407 464 0 508 5,010 4,212 759 8,355 1,562

10,303 6,689 1,047 807 307 0 240 5,642 5,033 602 3,614 2,161

13,150 7,136 1,224 973 432 0 251 5,911 5,012 891 6,014 3,799

13,025 7,069 1,352 1,174 548 0 178 5,717 4,959 742 5,956 3,454

15,037 6,048 1,283 1,111 498 0 172 4,765 4,272 480 8,989 2,842

13,677 5,779 1,205 919 359 0 286 4,574 4,025 531 7,898 2,936

5,375 -1,710

8,075 8,797

-2,558 -1,851

-32,260 -23,433

5,933 1,564

44,146 38,407

24,535 26,610

14,793 30,422

1,316 483 776

234 0 0

0 137 6,342

4,271 0 0

0 0 0

28 0 0

265 56 0

2 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

3,070 912

3,158 871

3,382 816

2,986 755

2,682 699

4,607 621

4,332 510

4,135 407

24,765 11,060

24,955 10,695

19,720 9,564

14,752 8,895

13,735 7,991

16,982 7,197

13,710 6,127

15,189 5,263

Notes: Short-term debt for 2009 is based on reports provided by the country.

87


BULGARIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

10,890 9,834 9,834 0 0 1,056 226

10,379 9,150 8,808 342 717 512 74

11,212 8,440 7,671 769 1,322 1,450 0

15,700 10,597 5,075 5,522 660 4,442 0

20,990 12,609 5,066 7,543 341 8,040 0

32,967 18,930 5,242 13,689 0 14,036 0

39,767 21,433 4,397 17,035 0 18,334 0

40,582 22,004 4,772 17,232 0 18,578 0

356 9,834 0 563

227 8,808 342 678

1 7,671 769 700

0 5,075 5,522 266

0 5,066 7,543 104

0 5,199 13,732 455

0 4,359 17,074 374

0 4,735 17,269 280

External debt flows Disbursements Long-term external debt IMF purchases

875 875 0

259 259 0

995 719 276

3,710 3,710 0

3,616 3,616 0

7,740 7,740 0

8,224 8,224 0

3,880 3,880 0

Principal repayments Long-term external debt IMF repurchases

865 865 0

565 319 246

712 573 139

3,352 2,909 443

1,992 1,645 346

3,033 2,686 347

3,765 3,765 0

3,694 3,694 0

Net flows Long-term external debt Short-term external debt

-14 11 -24

-194 -61 113

465 145 183

1,564 801 1,206

5,222 1,970 3,598

10,704 5,054 5,996

8,756 4,458 4,298

430 186 244

Interest payments Long-term external debt IMF charges Short-term external debt

510 452 0 58

575 501 50 24

584 456 63 65

613 445 37 130

744 489 24 230

1,164 603 9 552

1,610 858 0 752

1,516 773 0 743

4 0

90 0

1,002 5

4,312 449

7,758 148

13,215 89

9,937 -106

4,489 8

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.6 0.3 7.7 42.1

.. 9.0 0.2 1.1 66.1

.. 5.5 0.1 0.3 80.1

48.4 5.1 0.0 0.0 44.9

50.7 6.5 0.0 0.0 41.7

52.4 7.4 0.0 0.0 39.3

51.7 12.9 0.0 0.0 34.6

56.8 12.4 0.0 0.0 30.4

9.3 7.2 3.0

5.9 17.3 5.4

6.2 16.1 4.4

3.0 16.2 4.7

3.7 16.1 2.6

4.9 16.6 4.5

4.3 16.8 4.0

2.4 17.6 5.3

9.1 3.2 2.3

3.4 4.7 3.2

7.6 16.0 4.9

4.2 9.4 1.9

5.0 10.0 0.5

0.0 0.0 0.0

2.0 29.2 9.2

0.0 0.0 0.0

19,083 7,070 .. 8,905 0 -1,710 ..

12,675 6,926 .. 7,084 0 -26 1,635

12,276 7,321 58 8,314 107 -703 3,507

27,265 17,674 1,613 22,034 912 -3,347 8,697

30,793 21,972 1,716 28,680 1,857 -5,863 11,756

38,018 27,487 1,694 39,909 3,742 -11,437 17,545

47,327 31,931 1,874 45,108 2,720 -11,898 17,930

44,907 24,464 1,558 30,095 2,335 -4,340 18,522

154.0 57.1 19.4 9.7 2.0 .. ..

149.9 81.9 16.5 4.9 11.9 15.8 2.8

153.2 91.3 17.7 12.9 13.8 31.3 5.1

88.8 57.6 22.4 28.3 15.7 55.4 4.7

95.5 68.2 12.4 38.3 11.4 56.0 4.9

119.9 86.7 15.3 42.6 8.1 53.2 5.3

124.5 84.0 16.8 46.1 5.5 45.1 4.8

165.9 90.4 21.3 45.8 6.2 45.6 7.4

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

88


BULGARIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

9,834 9,834 1,669 222 0 0 1,447 8,165 327 7,084 0 0

9,150 8,808 2,950 1,230 444 0 1,720 5,857 5,412 394 342 0

8,440 7,671 2,603 1,542 824 0 1,061 5,068 4,982 26 769 0

10,597 5,075 3,045 2,457 1,453 0 587 2,030 1,920 111 5,522 526

12,609 5,066 3,012 2,392 1,331 0 620 2,054 1,937 116 7,543 736

18,930 5,242 3,362 2,674 1,604 0 688 1,880 1,792 86 13,689 855

21,433 4,397 3,019 2,198 1,207 0 821 1,378 1,342 34 17,035 522

22,004 4,772 3,322 2,507 1,509 0 815 1,450 1,430 19 17,232 146

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

875 875 80 44 0 0 36 795 65 652 0 0

259 259 129 38 15 0 91 129 33 96 0 0

719 405 381 156 71 0 225 24 0 24 313 0

3,710 402 383 328 200 0 55 19 0 19 3,308 249

3,616 260 243 150 38 0 93 17 0 16 3,355 215

7,740 368 361 293 201 0 68 7 0 7 7,372 0

8,224 370 362 227 56 0 136 8 0 8 7,853 0

3,880 520 520 446 370 0 74 0 0 0 3,360 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

865 865 23 22 0 0 1 842 0 241 0 0

319 319 92 25 0 0 67 228 39 182 0 0

573 345 297 58 27 0 239 48 46 1 229 0

2,909 1,761 255 214 85 0 41 1,507 1,496 11 1,147 10

1,645 515 502 430 276 0 73 13 0 13 1,130 49

2,686 404 299 253 65 0 47 105 87 18 2,282 0

3,765 858 715 658 462 0 57 143 124 19 2,908 287

3,694 281 266 187 85 0 79 15 0 15 3,413 372

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

452 452 14 13 0 0 0 438 15 337 0 0

501 501 178 61 31 0 118 323 315 7 0 0

456 424 139 81 49 0 58 285 284 0 32 0

445 327 93 75 40 0 18 234 229 5 118 30

489 352 100 82 44 0 19 252 245 7 137 44

603 285 129 110 62 0 19 156 149 7 318 55

858 286 148 124 72 0 24 139 133 5 572 36

773 211 106 84 43 0 22 105 104 1 562 29

753 -14

550 -194

192 465

33 1,564

5,290 5,222

11,977 10,704

6,800 8,756

815 430

0 0 0

84 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 127

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

490 81

233 68

245 62

276 56

290 49

277 43

282 36

278 30

3,543 452

2,692 381

2,415 343

2,716 275

1,409 173

2,468 107

1,604 52

1,790 48

Notes: Short-term debt is based on Central Bank data.

89


BURKINA FASO (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

832 748 748 0 0 84 21

1,271 1,140 1,140 0 75 56 12

1,422 1,226 1,226 0 112 84 5

1,994 1,868 1,868 0 104 22 0

1,123 999 999 0 35 89 0

1,450 1,257 1,257 0 37 155 0

1,682 1,518 1,518 0 54 110 0

1,835 1,725 1,725 0 110 0 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

64 747 1 90

37 1,140 0 37

42 1,226 0 53

36 1,868 0 232

39 999 0 294

37 1,257 0 389

34 1,518 0 414

34 1,725 0 48

External debt flows Disbursements Long-term external debt IMF purchases

77 77 0

139 112 27

99 91 7

218 203 15

301 282 19

226 225 1

327 308 18

263 209 54

Principal repayments Long-term external debt IMF repurchases

19 18 1

28 28 0

33 26 7

28 24 4

27 27 0

25 25 0

27 27 0

26 26 0

Net flows Long-term external debt Short-term external debt

68 59 10

124 83 14

47 65 -19

188 179 -2

341 255 67

267 200 66

254 281 -45

127 183 -110

Interest payments Long-term external debt IMF charges Short-term external debt

16 10 0 6

20 18 0 2

14 12 1 1

17 16 0 1

17 15 0 2

17 12 0 5

18 14 0 3

15 15 0 0

0 0

10 ..

23 -3

34 ..

34 ..

344 ..

137 ..

171 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.5 0.0 39.1

.. 0.0 0.3 0.0 55.5

.. 0.0 0.1 0.0 59.4

1.7 0.0 0.0 0.0 56.5

6.2 0.0 0.0 0.0 40.3

6.7 0.0 0.0 0.0 39.4

12.8 0.0 0.0 0.0 35.9

11.9 0.0 0.0 0.0 35.8

2.5 27.9 8.7

0.8 39.9 10.4

1.4 37.1 7.8

0.9 35.8 8.8

0.8 40.9 10.1

1.3 32.6 8.5

1.1 35.2 9.0

0.8 49.9 10.4

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

4.2 11.2 1.7

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3,094 367 140 776 6 -77 305

2,369 .. 78 .. .. .. 347

2,606 251 67 691 3 -319 244

5,411 .. 50 .. .. .. 438

5,756 .. 50 .. .. .. 555

6,752 .. 50 .. .. .. 1,029

7,932 .. 50 .. .. .. 928

8,019 .. 49 .. .. .. 1,296

226.9 26.9 9.4 10.1 67.7 36.6 4.7

.. 53.6 .. 4.4 77.2 27.3 ..

567.6 54.6 18.6 5.9 72.0 17.1 4.2

.. 36.9 .. 1.1 85.2 22.0 ..

.. 19.5 .. 7.9 69.8 49.4 ..

.. 21.5 .. 10.7 67.5 71.0 ..

.. 21.2 .. 6.5 71.7 55.1 ..

.. 22.9 .. .. 76.4 70.6 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

90


BURKINA FASO (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

748 748 710 563 0 282 147 38 0 1 0 0

1,140 1,140 1,135 981 0 608 154 5 0 0 0 0

1,226 1,226 1,222 1,024 0 593 198 3 0 0 0 0

1,868 1,868 1,868 1,699 0 1,043 169 0 0 0 0 0

999 999 987 784 0 371 202 12 0 0 0 0

1,257 1,257 1,232 979 0 468 252 26 0 0 0 0

1,518 1,518 1,496 1,206 0 626 291 22 0 0 0 0

1,725 1,725 1,705 1,402 0 721 303 20 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

77 77 77 43 0 15 34 0 0 0 0 0

112 112 112 106 0 85 6 0 0 0 0 0

91 91 91 76 0 38 16 0 0 0 0 0

203 203 203 191 0 107 13 0 0 0 0 0

282 282 270 232 0 125 38 12 0 0 0 0

225 225 211 161 0 80 50 14 0 0 0 0

308 308 308 253 0 160 55 0 0 0 0 0

209 209 209 187 0 90 22 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

18 18 18 13 0 1 4 0 0 0 0 0

28 28 28 24 0 4 4 0 0 0 0 0

26 26 26 20 0 1 6 0 0 0 0 0

24 24 24 17 0 5 8 0 0 0 0 0

27 27 27 18 0 3 9 0 0 0 0 0

25 25 22 11 0 0 11 3 0 0 0 0

27 27 24 15 0 0 9 3 0 0 0 0

26 26 24 15 0 0 9 3 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

10 10 10 7 0 2 3 0 0 0 0 0

18 18 18 11 0 4 6 0 0 0 0 0

12 12 12 9 0 4 2 0 0 0 0 0

16 16 16 14 0 8 2 0 0 0 0 0

15 15 15 13 0 5 3 0 0 0 0 0

12 12 12 9 0 4 3 0 0 0 0 0

14 14 14 11 0 4 3 0 0 0 0 0

15 15 15 12 0 5 3 0 0 0 0 0

115 68

139 124

-161 47

5 188

-871 341

327 267

233 254

153 127

0 5 0

0 15 0

17 81 92

1 45 0

4 1,290 0

0 3 0

1 7 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

62 22

52 23

55 23

66 23

72 23

75 22

81 21

90 20

3 1

3 1

3 1

3 0

3 0

3 0

3 0

0 0

Notes: Data on long-term public debt for 2009 are World Bank staff estimates. Burkina Faso was granted debt relief effective in 2006 under MDRI.

91


BURUNDI (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

906.9 851.0 851.0 0.0 42.6 13.4 0.0

1162.0 1099.3 1099.3 0.0 47.8 14.9 2.0

1108.0 1036.0 1036.0 0.0 7.0 65.0 19.7

1321.8 1229.6 1229.6 0.0 58.2 34.1 33.1

1411.8 1291.4 1291.4 0.0 82.7 37.6 36.6

1455.7 1343.7 1343.7 0.0 98.2 13.8 12.8

1443.2 1308.0 1308.0 0.0 116.9 18.3 4.3

518.0 419.8 419.8 0.0 90.9 7.3 0.3

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0.1 849.2 1.7 126.0

3.0 1099.3 0.0 38.8

82.1 1036.0 0.0 50.3

75.2 1229.6 0.0 39.2

76.4 1291.4 0.0 3.8

60.0 1343.7 0.0 2.4

65.3 1308.0 0.0 37.0

16.3 419.8 0.0 8.0

External debt flows Disbursements Long-term external debt IMF purchases

95.7 95.7 0.0

44.8 44.8 0.0

41.3 41.3 0.0

63.3 42.1 21.1

60.4 39.4 21.0

42.2 31.3 10.9

46.6 24.8 21.7

43.9 23.6 20.4

Principal repayments Long-term external debt IMF repurchases

28.3 27.5 0.8

26.8 17.8 9.1

14.0 9.4 4.5

27.1 27.1 0.0

12.9 12.9 0.0

11.2 11.2 0.0

11.3 11.3 0.0

15.2 8.3 6.9

Net flows Long-term external debt Short-term external debt

64.9 68.2 -2.5

26.3 27.1 8.3

18.4 31.8 -8.9

34.2 15.0 -2.0

47.5 26.5 0.0

31.0 20.1 0.0

48.3 13.5 13.0

21.7 15.3 -7.0

Interest payments Long-term external debt IMF charges Short-term external debt

14.1 12.2 0.2 1.7

11.8 11.0 0.3 0.5

7.9 4.5 0.1 3.3

12.2 11.9 0.2 0.1

5.5 5.1 0.3 0.1

7.8 7.3 0.5 0.0

8.2 7.4 0.6 0.2

4.1 3.6 0.4 0.1

1.3 0.0

2.0 0.0

11.7 0.0

0.6 0.0

0.0 0.0

0.5 0.0

3.8 ..

9.9 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 2.0 0.0 0.0 50.3

.. 2.9 0.0 0.0 55.1

.. 2.8 0.0 0.0 59.4

11.1 1.4 0.0 0.0 61.8

11.4 0.7 0.0 0.0 61.3

11.9 0.7 0.0 0.0 60.4

10.1 1.0 0.0 0.0 60.3

17.6 2.9 0.0 0.0 33.6

0.9 40.3 10.3

0.8 38.0 9.8

1.7 31.3 8.2

0.8 47.8 10.2

0.0 19.6 10.1

1.5 22.5 4.7

1.0 19.5 6.4

1.0 28.5 10.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1117.2 97.7 .. 341.3 3.3 -69.4 111.7

988.0 139.7 .. 281.8 3.1 10.4 216.1

723.4 55.4 .. 165.0 0.4 -50.2 37.6

776.2 98.7 0.1 343.9 2.1 -5.7 100.6

910.0 97.3 0.0 460.4 3.4 -134.0 131.1

973.9 98.3 0.2 449.3 4.8 -109.8 177.1

1164.6 146.8 3.6 544.5 5.3 -211.5 266.5

1331.3 .. 3.8 .. .. .. 323.1

928.7 81.2 43.4 1.5 72.7 12.3 3.9

831.6 117.6 27.6 1.3 80.1 18.6 9.2

1999.7 153.2 39.4 5.9 80.4 3.4 2.7

1338.6 170.3 39.8 2.6 80.3 7.6 3.5

1450.6 155.1 18.9 2.7 79.6 9.3 3.4

1480.8 149.5 19.4 0.9 80.9 12.2 4.7

983.4 123.9 13.3 1.3 80.6 18.5 5.9

.. 38.9 .. 1.4 62.1 62.4 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

92


BURUNDI (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

851.0 851.0 841.6 659.8 0.0 398.0 181.8 9.4 0.0 1.3 0.0 0.0

1099.3 1099.3 1097.6 930.5 0.0 591.4 167.1 1.6 0.0 0.0 0.0 0.0

1036.0 1036.0 1032.0 890.4 0.0 600.5 141.6 4.0 0.0 0.0 0.0 0.0

1229.6 1229.6 1227.5 1061.8 0.0 750.8 165.7 2.1 0.0 0.0 0.0 0.0

1291.4 1291.4 1290.8 1124.0 0.0 797.0 166.9 0.6 0.0 0.0 0.0 0.0

1343.7 1343.7 1342.9 1177.0 0.0 830.1 165.9 0.7 0.0 0.0 0.0 0.0

1308.0 1308.0 1308.0 1163.8 0.0 818.5 144.2 0.0 0.0 0.0 0.0 0.0

419.8 419.8 419.8 321.8 0.0 147.2 98.0 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

95.7 95.7 93.4 63.5 0.0 48.7 29.8 2.4 0.0 0.0 0.0 0.0

44.8 44.8 44.8 40.6 0.0 27.3 4.2 0.0 0.0 0.0 0.0 0.0

41.3 41.3 38.2 38.2 0.0 36.4 0.0 3.0 0.0 0.0 0.0 0.0

42.1 42.1 42.1 42.1 0.0 27.4 0.0 0.0 0.0 0.0 0.0 0.0

39.4 39.4 36.9 36.9 0.0 28.9 0.0 2.5 0.0 0.0 0.0 0.0

31.3 31.3 31.3 29.8 0.0 19.2 1.5 0.0 0.0 0.0 0.0 0.0

24.8 24.8 24.8 24.3 0.0 13.8 0.5 0.0 0.0 0.0 0.0 0.0

23.6 23.6 23.6 23.6 0.0 8.7 0.0 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

27.5 27.5 19.2 11.3 0.0 0.9 7.9 8.3 0.0 5.2 0.0 0.0

17.8 17.8 16.9 11.8 0.0 2.9 5.1 0.9 0.0 0.0 0.0 0.0

9.4 9.4 9.4 9.4 0.0 8.8 0.0 0.0 0.0 0.0 0.0 0.0

27.1 27.1 22.5 22.3 0.0 8.5 0.2 4.6 0.0 0.0 0.0 0.0

12.9 12.9 8.9 8.9 0.0 0.0 0.0 4.0 0.0 0.0 0.0 0.0

11.2 11.2 11.2 10.7 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0

11.3 11.3 11.3 10.0 0.0 0.1 1.3 0.0 0.0 0.0 0.0 0.0

8.3 8.3 8.3 8.3 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

12.2 12.2 11.1 9.0 0.0 2.6 2.1 1.1 0.0 0.5 0.0 0.0

11.0 11.0 10.9 8.5 0.0 4.6 2.4 0.1 0.0 0.0 0.0 0.0

4.5 4.5 4.5 4.5 0.0 4.4 0.0 0.0 0.0 0.0 0.0 0.0

11.9 11.9 11.9 11.7 0.0 4.3 0.2 0.0 0.0 0.0 0.0 0.0

5.1 5.1 5.1 4.5 0.0 1.7 0.6 0.0 0.0 0.0 0.0 0.0

7.3 7.3 7.3 5.6 0.0 2.4 1.7 0.0 0.0 0.0 0.0 0.0

7.4 7.4 7.4 6.2 0.0 3.7 1.2 0.0 0.0 0.0 0.0 0.0

3.6 3.6 3.6 3.1 0.0 1.0 0.5 0.0 0.0 0.0 0.0 0.0

18.1 64.9

34.6 26.3

-26.9 18.4

-68.5 34.2

90.0 47.5

43.9 31.0

-12.5 48.3

-925.2 21.7

0.0 105.4 0.0

0.0 16.7 0.0

0.0 0.0 0.0

0.0 11.5 0.0

3.9 28.2 0.0

3.3 22.4 0.0

0.0 48.0 0.0

71.4 821.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

15.8 3.8

14.4 3.8

14.1 3.7

17.3 3.6

16.3 3.5

18.6 3.4

18.5 3.2

17.8 3.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2009. Data for 2007, 2008, and 2009 include the effects of MDRI and HIPC debt relief, in the amount of $21,071 in thousands, $22,871 in thousands, and $655,538 in thousands respectively.

93


CAMBODIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

1,845 1,683 1,683 0 27 136 103

2,284 2,110 2,110 0 72 102 90

2,628 2,328 2,328 0 73 227 131

3,515 3,155 3,155 0 81 279 243

3,527 3,318 3,318 0 0 209 173

3,761 3,537 3,537 0 0 224 164

4,215 3,892 3,892 0 0 323 197

4,364 4,099 4,099 0 0 265 208

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

393 1,683 0 0

653 2,110 0 161

1,275 2,328 0 185

1,485 3,155 0 208

1,508 3,318 0 149

1,545 3,537 0 390

1,599 3,892 0 305

1,613 4,099 0 717

External debt flows Disbursements Long-term external debt IMF purchases

0 0 0

123 80 42

90 79 11

168 168 0

153 153 0

154 154 0

383 383 0

211 211 0

Principal repayments Long-term external debt IMF repurchases

0 0 0

5 5 0

14 7 7

16 8 9

15 15 0

13 13 0

19 19 0

26 26 0

Net flows Long-term external debt Short-term external debt

15 0 15

100 75 -18

128 72 52

154 160 2

138 138 0

165 141 24

430 364 66

116 185 -69

Interest payments Long-term external debt IMF charges Short-term external debt

30 29 0 ..

3 1 1 ..

18 12 1 5

15 12 0 2

15 13 0 2

18 15 0 3

23 21 0 2

23 22 0 ..

.. ..

151 ..

149 0

381 0

483 0

867 0

815 0

530 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.6 0.0 0.0 12.6

.. 0.4 0.0 0.0 27.2

.. 0.3 0.0 0.0 30.2

0.8 1.1 0.0 0.0 39.4

0.8 1.2 0.0 0.0 39.0

0.9 1.5 0.0 0.0 39.0

0.9 2.0 0.0 0.0 40.1

0.9 2.4 0.0 0.0 40.6

0.0 0.0 0.0

1.8 37.5 9.7

1.3 30.3 8.2

1.4 26.9 9.2

1.0 26.2 9.8

1.5 23.6 7.7

1.2 29.4 8.6

1.3 25.4 3.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1,115 .. .. .. .. .. ..

3,380 979 12 1,442 4 -186 192

3,535 1,893 121 2,453 123 -136 611

6,039 4,096 200 4,923 227 -307 1,158

6,963 5,079 297 5,971 270 -262 1,411

8,271 5,748 353 6,830 353 -488 2,140

9,896 6,462 325 8,127 403 -1,051 2,639

9,688 5,982 338 7,422 349 .. 3,286

.. 165.5 .. 7.3 0.1 .. ..

233.3 67.6 0.7 4.5 5.2 8.4 1.6

138.8 74.3 1.7 8.6 14.5 23.3 3.0

85.8 58.2 0.8 7.9 30.1 32.9 2.8

69.4 50.7 0.6 5.9 33.1 40.0 2.8

65.4 45.5 0.5 6.0 34.5 56.9 3.8

65.2 42.6 0.7 7.7 33.7 62.6 3.9

72.9 45.0 0.8 6.1 34.4 75.3 5.3

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

94


CAMBODIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,683 1,683 1,683 1 0 0 1,681 0 0 0 0 0

2,110 2,110 2,097 118 0 65 1,979 13 0 0 0 0

2,328 2,328 2,328 381 0 207 1,947 0 0 0 0 0

3,155 3,155 3,155 1,059 0 462 2,096 0 0 0 0 0

3,318 3,318 3,318 1,168 0 500 2,150 0 0 0 0 0

3,537 3,537 3,537 1,298 0 535 2,239 0 0 0 0 0

3,892 3,892 3,892 1,420 0 545 2,472 0 0 0 0 0

4,099 4,099 4,099 1,501 0 566 2,598 0 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

0 0 0 0 0 0 0 0 0 0 0 0

80 80 64 61 0 25 4 16 0 0 0 0

79 79 79 78 0 37 1 0 0 0 0 0

168 168 168 130 0 36 38 0 0 0 0 0

153 153 153 79 0 19 74 0 0 0 0 0

154 154 154 78 0 18 76 0 0 0 0 0

383 383 383 145 0 20 238 0 0 0 0 0

211 211 211 92 0 23 119 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

0 0 0 0 0 0 0 0 0 0 0 0

5 5 2 0 0 0 2 3 0 0 0 0

7 7 7 0 0 0 7 0 0 0 0 0

8 8 8 5 0 2 2 0 0 0 0 0

15 15 15 9 0 4 6 0 0 0 0 0

13 13 13 11 0 5 2 0 0 0 0 0

19 19 19 17 0 6 2 0 0 0 0 0

26 26 26 23 0 6 3 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

29 29 29 0 0 0 29 0 0 0 0 0

1 1 1 1 0 0 0 0 0 0 0 0

12 12 12 3 0 1 9 0 0 0 0 0

12 12 12 10 0 4 3 0 0 0 0 0

13 13 13 10 0 4 3 0 0 0 0 0

15 15 15 11 0 4 4 0 0 0 0 0

21 21 21 13 0 4 8 0 0 0 0 0

22 22 22 13 0 4 9 0 0 0 0 0

166 15

375 100

111 128

76 154

11 138

234 165

454 430

149 116

0 0 0

224 13 0

0 0 0

0 0 0

0 106 0

1 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

63 37

72 38

75 38

87 38

113 38

123 36

129 35

145 33

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Cambodia was granted debt relief effective in 2006 under MDRI.

95


CAMEROON (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

6,563 5,505 5,276 230 121 936 168

10,950 9,908 9,620 288 51 991 349

10,323 8,864 8,547 317 235 1,224 205

7,273 6,667 6,075 592 272 334 280

3,243 2,733 2,243 489 8 502 434

3,004 2,749 2,113 636 17 238 39

2,756 2,690 2,055 636 24 41 41

2,941 2,743 2,128 615 175 23 23

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

309 5,153 353 479

474 9,543 365 197

322 8,500 364 100

51 6,075 592 47

91 2,243 489 41

1 2,113 636 449

19 2,055 636 147

68 2,128 615 510

External debt flows Disbursements Long-term external debt IMF purchases

704 704 0

174 161 13

354 286 69

231 227 4

162 158 4

270 262 8

287 279 8

487 339 147

Principal repayments Long-term external debt IMF repurchases

269 268 1

217 211 6

270 253 17

576 537 39

376 355 21

369 369 0

358 358 0

336 336 0

Net flows Long-term external debt Short-term external debt

672 436 237

117 -50 160

-21 33 -105

-683 -310 -339

-200 -197 14

32 -107 131

-270 -79 -199

151 3 0

Interest payments Long-term external debt IMF charges Short-term external debt

247 194 11 42

214 173 2 38

288 215 2 72

245 231 1 12

140 135 0 4

143 135 0 8

119 115 0 5

59 58 0 0

-113 0

7 0

159 0

234 -4

16 -6

191 -14

-60 -1

340 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.3 2.4 1.2 11.2

.. 0.3 1.2 1.1 9.6

.. 0.5 2.0 0.7 24.4

65.9 1.3 1.7 0.6 20.8

76.9 0.0 0.0 0.4 10.5

72.7 0.0 0.0 0.3 12.6

65.7 0.0 0.0 0.3 14.2

63.7 0.0 0.0 0.3 14.2

6.6 15.3 5.3

2.6 23.3 7.7

0.9 38.6 9.5

0.4 30.7 9.2

1.4 24.3 5.6

0.9 37.2 8.6

0.7 37.0 9.3

1.3 30.0 7.6

7.0 13.2 2.7

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

5.2 12.2 2.4

10,674 2,516 23 3,041 138 -551 37

8,205 2,053 11 2,032 21 90 15

9,464 2,602 30 2,960 41 -249 220

16,126 4,280 77 5,010 289 -493 965

17,706 4,911 130 5,031 10 193 1,735

20,193 6,393 167 6,552 385 286 2,932

22,585 7,439 162 8,487 165 -450 3,112

21,602 5,368 148 6,897 147 -1,137 3,708

260.8 61.5 20.5 14.3 20.2 0.6 0.1

533.4 133.4 21.0 9.0 15.4 0.1 0.1

396.7 109.1 21.5 11.9 13.7 2.1 0.9

169.9 45.1 19.2 4.6 21.8 13.3 2.3

66.0 18.3 10.5 15.5 15.7 53.5 4.1

47.0 14.9 8.0 7.9 18.7 97.6 5.4

37.0 12.2 6.4 1.5 22.4 113.0 4.4

54.8 13.6 7.4 0.8 23.2 126.1 6.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

96


CAMEROON (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

5,505 5,276 3,809 1,323 651 238 2,486 1,467 0 390 230 0

9,908 9,620 8,734 1,684 639 443 7,050 885 0 300 288 0

8,864 8,547 8,227 1,419 218 769 6,808 320 0 175 317 0

6,667 6,075 5,989 1,585 84 1,032 4,403 87 0 43 592 0

2,733 2,243 2,179 510 46 170 1,669 65 0 46 489 0

2,749 2,113 2,111 562 40 198 1,549 3 0 2 636 0

2,690 2,055 2,052 618 35 225 1,435 2 0 2 636 0

2,743 2,128 2,117 682 30 273 1,435 11 0 11 615 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

704 651 546 200 75 0 347 105 0 10 53 0

161 161 161 81 6 35 80 0 0 0 0 0

286 247 247 115 0 55 133 0 0 0 39 0

227 130 130 68 0 31 62 0 0 0 98 0

158 119 118 84 0 29 34 1 0 1 39 0

262 180 180 83 0 20 97 0 0 0 82 0

279 192 192 106 0 29 86 0 0 0 87 0

339 130 122 93 0 48 29 8 0 8 209 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

268 138 96 68 42 3 28 41 0 28 130 0

211 183 146 130 91 4 16 36 0 25 28 0

253 166 162 97 53 7 66 4 0 4 86 0

537 396 395 92 32 12 303 0 0 0 141 0

355 194 194 86 39 6 108 0 0 0 161 0

369 186 167 40 5 0 127 19 0 16 183 0

358 166 165 41 5 1 125 0 0 0 192 0

336 107 107 39 5 2 68 0 0 0 229 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

194 177 122 73 49 2 49 55 0 39 17 0

173 163 152 80 56 3 72 10 0 5 11 0

215 198 198 48 22 5 149 1 0 1 17 0

231 181 180 27 5 8 153 1 0 0 51 0

135 79 79 20 4 5 59 0 0 0 57 0

135 93 70 16 2 2 54 23 0 23 42 0

115 70 70 14 2 2 56 0 0 0 44 0

58 27 27 11 2 2 16 0 0 0 31 0

1,198 672

1,687 117

-239 -21

-3,025 -683

-4,030 -200

-239 32

-248 -270

186 151

75 10 0

1,070 0 0

206 7 0

68 166 0

20 4,292 0

4 144 0

0 16 0

0 65 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

196 57

176 53

153 50

138 47

139 45

150 42

131 39

125 36

52 9

53 9

53 8

53 7

53 6

53 5

53 5

53 4

Notes: Cameroon was granted debt relief effective in 2006 under MDRI.

97


CAPE VERDE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

133.8 129.1 129.1 0.0 0.0 4.7 2.3

213.8 184.6 184.6 0.0 0.0 29.2 4.6

316.5 312.6 312.6 0.0 0.0 3.9 3.9

475.2 461.9 461.9 0.0 12.3 0.9 0.9

522.1 508.4 508.4 0.0 13.0 0.7 0.7

578.7 564.0 564.0 0.0 13.5 1.3 1.3

624.6 610.8 610.8 0.0 12.4 1.4 1.4

707.2 694.7 694.7 0.0 11.0 1.5 1.5

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

11.1 129.1 0.0 35.9

19.6 184.6 0.0 11.5

32.2 312.6 0.0 33.9

3.2 461.9 0.0 88.8

2.4 508.4 0.0 27.4

2.4 564.0 0.0 209.9

2.4 610.8 0.0 379.0

2.4 694.7 0.0 251.8

External debt flows Disbursements Long-term external debt IMF purchases

12.1 12.1 0.0

21.4 21.4 0.0

28.8 28.8 0.0

77.9 74.3 3.7

48.9 48.9 0.0

51.1 51.1 0.0

74.8 74.8 0.0

97.3 97.3 0.0

Principal repayments Long-term external debt IMF repurchases

3.7 3.7 0.0

5.6 5.6 0.0

11.1 11.1 0.0

28.6 28.6 0.0

25.0 25.0 0.0

22.7 22.5 0.2

24.5 23.7 0.8

25.9 24.4 1.5

Net flows Long-term external debt Short-term external debt

10.7 8.3 2.4

34.4 15.8 18.7

2.0 17.7 -15.7

49.3 45.7 0.0

23.9 23.9 0.0

28.4 28.6 0.0

50.4 51.1 0.0

71.4 72.9 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

2.0 1.9 0.0 0.1

4.1 3.4 0.0 0.8

4.7 4.7 0.0 0.0

6.8 6.8 0.1 0.0

6.3 6.2 0.1 0.0

6.4 6.4 0.1 0.0

6.6 6.5 0.1 0.0

7.0 6.9 0.1 0.0

0.3 0.0

26.2 0.0

33.4 ..

80.4 0.0

131.8 0.3

191.9 2.2

211.3 0.0

119.6 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 38.5

.. 0.0 0.0 0.0 35.3

.. 0.0 0.0 0.0 55.8

13.4 0.0 0.0 0.0 54.1

15.0 0.0 0.0 0.0 53.3

16.1 0.0 0.0 0.0 49.6

18.2 0.0 0.0 0.0 48.5

19.2 0.2 0.0 0.0 43.2

1.5 42.6 9.1

0.8 39.8 10.3

2.0 31.3 10.4

3.5 32.5 8.4

2.9 38.1 9.0

1.3 25.7 8.2

2.0 26.9 6.7

1.6 26.6 7.2

0.0 0.0 0.0

0.0 0.0 0.0

5.7 10.6 2.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1.7 33.0 12.8

340.5 63.2 59.1 153.1 0.0 -3.8 77.0

485.3 87.5 105.9 300.7 0.5 -61.6 36.9

520.0 150.9 86.9 343.6 5.1 -58.0 28.3

965.7 377.5 136.6 699.0 10.9 -40.7 164.6

1062.9 497.0 136.6 868.8 24.1 -82.7 244.4

1304.8 599.4 138.9 1099.0 28.2 -198.3 364.5

1484.4 744.6 155.1 1265.2 38.2 -205.5 361.5

1499.1 .. 149.2 .. .. .. 366.2

211.5 39.3 9.1 3.5 65.0 57.5 6.0

244.4 44.1 11.2 13.7 67.3 17.3 1.5

209.7 60.9 10.5 1.2 72.4 8.9 1.0

125.9 49.2 9.4 0.2 78.8 34.6 2.8

105.0 49.1 6.3 0.1 78.9 46.8 3.4

96.6 44.4 4.9 0.2 78.6 63.0 4.0

83.9 42.1 4.2 0.2 77.3 57.9 3.4

.. 47.2 .. 0.2 75.3 51.8 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

98


CAPE VERDE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

129.1 129.1 126.6 87.0 0.0 13.6 39.6 2.5 0.0 0.0 0.0 0.0

184.6 184.6 178.2 143.9 0.0 33.0 34.2 6.4 0.0 0.0 0.0 0.0

312.6 312.6 305.2 229.2 0.0 97.9 75.9 7.5 0.0 0.0 0.0 0.0

461.9 461.9 440.3 374.7 0.0 205.1 65.6 21.6 0.0 1.8 0.0 0.0

508.4 508.4 491.1 411.8 0.0 235.9 79.3 17.3 0.0 1.5 0.0 0.0

564.0 564.0 549.2 454.8 0.0 267.4 94.3 14.8 0.0 1.0 0.0 0.0

610.8 610.8 600.9 482.9 0.0 283.8 117.9 9.9 0.0 0.3 0.0 0.0

694.7 694.7 688.2 532.4 0.0 286.4 155.8 6.5 0.0 0.2 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

12.1 12.1 12.1 6.0 0.0 2.0 6.1 0.0 0.0 0.0 0.0 0.0

21.4 21.4 17.1 14.9 0.0 6.0 2.2 4.2 0.0 0.0 0.0 0.0

28.8 28.8 28.8 23.5 0.0 10.4 5.3 0.0 0.0 0.0 0.0 0.0

74.3 74.3 64.9 48.8 0.0 27.2 16.1 9.4 0.0 0.9 0.0 0.0

48.9 48.9 48.8 30.0 0.0 22.1 18.7 0.1 0.0 0.1 0.0 0.0

51.1 51.1 51.1 34.5 0.0 22.7 16.6 0.0 0.0 0.0 0.0 0.0

74.8 74.8 74.8 36.6 0.0 20.8 38.2 0.0 0.0 0.0 0.0 0.0

97.3 97.3 97.3 58.6 0.0 3.8 38.7 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3.7 3.7 3.6 2.5 0.0 0.0 1.1 0.1 0.0 0.0 0.0 0.0

5.6 5.6 5.6 4.8 0.0 0.1 0.8 0.0 0.0 0.0 0.0 0.0

11.1 11.1 9.3 6.1 0.0 0.3 3.2 1.8 0.0 0.0 0.0 0.0

28.6 28.6 23.2 12.2 0.0 1.4 11.0 5.4 0.0 1.4 0.0 0.0

25.0 25.0 18.5 8.6 0.0 1.5 9.9 6.5 0.0 0.6 0.0 0.0

22.5 22.5 18.3 9.3 0.0 1.8 9.0 4.2 0.0 0.6 0.0 0.0

23.7 23.7 19.3 10.4 0.0 2.6 9.0 4.3 0.0 0.7 0.0 0.0

24.4 24.4 20.8 13.7 0.0 3.3 7.1 3.6 0.0 0.1 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.9 1.9 1.9 1.2 0.0 0.1 0.7 0.0 0.0 0.0 0.0 0.0

3.4 3.4 3.4 3.3 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0

4.7 4.7 3.8 2.7 0.0 0.7 1.1 0.9 0.0 0.0 0.0 0.0

6.8 6.8 5.7 4.2 0.0 1.6 1.6 1.0 0.0 0.5 0.0 0.0

6.2 6.2 5.7 4.1 0.0 1.7 1.6 0.5 0.0 0.1 0.0 0.0

6.4 6.4 6.1 4.3 0.0 1.8 1.8 0.3 0.0 0.1 0.0 0.0

6.5 6.5 6.3 4.7 0.0 2.1 1.6 0.3 0.0 0.0 0.0 0.0

6.9 6.9 6.7 4.9 0.0 2.0 1.9 0.2 0.0 0.0 0.0 0.0

7.7 10.7

37.9 34.4

-8.7 2.0

13.6 49.3

46.9 23.9

56.6 28.4

45.8 50.4

82.7 71.4

0.0 9.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

24.0 10.1

24.5 12.6

22.7 14.1

41.3 14.7

42.7 14.6

46.1 14.3

45.7 13.7

47.0 13.1

3.6 0.1

2.3 1.0

0.5 2.2

0.0 2.4

0.0 2.5

0.0 2.5

0.0 2.5

0.0 2.5

99


CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

698.5 624.1 624.1 0.0 36.7 37.7 15.0

946.0 853.9 853.9 0.0 34.9 57.1 35.7

860.0 797.3 797.3 0.0 21.5 41.2 26.1

1019.9 877.5 877.5 0.0 35.9 106.6 97.6

1010.2 868.5 868.5 0.0 42.1 99.6 90.6

964.2 849.0 849.0 0.0 49.4 65.8 65.8

955.1 817.1 817.1 0.0 63.0 75.0 63.0

396.0 250.4 250.4 0.0 78.4 67.2 63.2

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

23.2 624.1 0.0 174.9

74.2 853.7 0.3 16.6

97.7 796.3 1.0 28.0

227.1 876.1 1.3 0.0

218.7 867.0 1.5 0.0

170.8 847.4 1.6 0.0

158.2 817.1 0.0 0.0

156.6 250.4 0.0 0.0

External debt flows Disbursements Long-term external debt IMF purchases

121.1 112.8 8.3

32.6 32.6 0.0

16.1 16.1 0.0

0.0 0.0 0.0

10.2 0.0 10.2

34.9 3.2 31.7

24.9 1.9 23.0

43.5 3.8 39.6

Principal repayments Long-term external debt IMF repurchases

17.4 7.6 9.8

10.0 2.6 7.4

8.3 7.5 0.8

5.3 0.4 4.9

52.7 46.7 6.0

68.7 42.1 26.7

19.4 11.7 7.7

28.2 8.9 19.4

Net flows Long-term external debt Short-term external debt

106.6 105.2 2.9

25.1 30.0 2.4

-13.8 8.6 -21.6

-5.3 -0.4 0.0

-42.5 -46.7 0.0

-42.9 -38.9 -9.0

17.5 -9.8 12.0

7.2 -5.0 -8.0

Interest payments Long-term external debt IMF charges Short-term external debt

11.8 9.0 1.2 1.6

5.7 3.5 1.0 1.2

5.9 4.3 0.1 1.4

0.9 0.1 0.4 0.3

17.7 16.5 0.9 0.3

20.2 19.6 0.4 0.2

6.6 6.1 0.3 0.2

3.6 3.2 0.3 0.1

0.7 0.0

6.2 ..

0.8 ..

32.4 ..

34.6 ..

56.7 ..

117.1 ..

42.3 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.7 0.1 2.6 43.6

.. 0.7 0.0 2.8 56.2

.. 0.7 0.1 2.2 61.2

5.9 0.6 0.1 2.5 59.6

6.3 0.6 0.1 2.7 57.5

3.8 0.3 0.1 2.2 61.9

3.4 0.4 0.1 2.3 63.1

5.3 0.0 0.0 4.7 56.6

1.0 37.6 10.2

0.8 39.7 10.2

0.8 39.8 10.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1465.1 220.4 0.1 432.5 2.1 -89.1 122.9

1100.9 .. .. .. .. .. 237.9

946.8 .. .. .. .. .. 136.3

1348.0 .. .. .. .. .. 144.9

1472.9 .. .. .. .. .. 132.4

1701.9 .. .. 381.4 .. .. 91.9

1965.8 .. .. 464.5 .. .. 131.5

1983.3 .. .. .. .. .. 222.7

317.0 47.7 13.2 5.4 65.2 17.6 3.4

.. 85.9 .. 6.0 67.3 25.2 ..

.. 90.8 .. 4.8 67.8 15.9 ..

.. 75.7 .. 10.5 61.6 14.2 ..

.. 68.6 .. 9.9 60.7 13.1 ..

.. 56.7 .. 6.8 62.6 9.5 2.9

.. 48.6 .. 7.8 60.2 13.8 3.4

.. 20.0 .. 17.0 15.1 56.2 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

100


CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

624.1 624.1 602.6 455.5 0.0 265.1 147.0 21.6 0.0 0.0 0.0 0.0

853.9 853.9 835.6 636.2 0.0 414.0 199.4 18.4 0.0 0.0 0.0 0.0

797.3 797.3 764.8 583.3 0.0 391.3 181.5 32.6 0.0 0.0 0.0 0.0

877.5 877.5 843.4 628.6 0.0 422.7 214.8 34.1 0.0 0.0 0.0 0.0

868.5 868.5 834.1 612.7 0.0 395.1 221.4 34.4 0.0 0.0 0.0 0.0

849.0 849.0 814.3 603.5 0.0 402.8 210.8 34.7 0.0 0.0 0.0 0.0

817.1 817.1 782.6 574.9 0.0 389.9 207.7 34.5 0.0 0.0 0.0 0.0

250.4 250.4 216.0 59.6 0.0 9.0 156.4 34.4 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

112.8 112.8 112.8 95.2 0.0 70.4 17.6 0.0 0.0 0.0 0.0 0.0

32.6 32.6 32.6 32.6 0.0 29.8 0.0 0.0 0.0 0.0 0.0 0.0

16.1 16.1 16.1 16.1 0.0 12.9 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.2 3.2 3.2 3.2 0.0 3.2 0.0 0.0 0.0 0.0 0.0 0.0

1.9 1.9 1.9 1.9 0.0 1.9 0.0 0.0 0.0 0.0 0.0 0.0

3.8 3.8 3.8 3.8 0.0 3.8 0.0 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

7.6 7.6 7.0 3.2 0.0 0.5 3.8 0.6 0.0 0.0 0.0 0.0

2.6 2.6 2.6 2.6 0.0 1.3 0.0 0.0 0.0 0.0 0.0 0.0

7.5 7.5 7.4 6.9 0.0 5.7 0.5 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

46.7 46.7 46.7 46.7 0.0 46.7 0.0 0.0 0.0 0.0 0.0 0.0

42.1 42.1 42.1 42.1 0.0 9.6 0.0 0.0 0.0 0.0 0.0 0.0

11.7 11.7 11.7 8.9 0.0 3.1 2.8 0.0 0.0 0.0 0.0 0.0

8.9 8.9 8.9 5.5 0.0 1.7 3.4 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

9.0 9.0 8.1 5.1 0.0 1.5 3.1 0.8 0.0 0.0 0.0 0.0

3.5 3.5 3.5 3.5 0.0 2.9 0.0 0.0 0.0 0.0 0.0 0.0

4.3 4.3 4.3 3.4 0.0 3.2 0.9 0.0 0.0 0.0 0.0 0.0

0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.5 16.5 16.5 16.5 0.0 16.5 0.0 0.0 0.0 0.0 0.0 0.0

19.6 19.6 19.6 19.6 0.0 3.3 0.0 0.0 0.0 0.0 0.0 0.0

6.1 6.1 6.1 4.4 0.0 3.1 1.7 0.0 0.0 0.0 0.0 0.0

3.2 3.2 3.2 2.4 0.0 1.6 0.9 0.0 0.0 0.0 0.0 0.0

5.0 106.6

57.9 25.1

-51.4 -13.8

-58.9 -5.3

-9.7 -42.5

-46.0 -42.9

-9.1 17.5

-559.1 7.2

4.4 157.5 0.0

7.6 1.3 0.0

2.9 0.7 0.0

0.0 0.0 0.0

0.0 0.0 0.0

20.8 8.2 0.0

3.2 14.1 0.0

0.0 519.5 0.0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

3.3 1.7

3.7 1.6

3.8 1.6

3.8 1.5

4.0 1.5

4.0 1.4

4.3 1.3

4.4 1.2

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Data on long-term public debt for 2009 are World Bank staff estimates. Data include the effects of Paris Club debt restructuring agreements signed in 2007 and in 2009. Data for 2007, 2008, and 2009 include the effects of MDRI and HIPC debt relief, in the amount of $1,510 in thousands, $9,416 in thousands, and $380,659 in thousands respectively.

101


CHAD (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

514 454 454 0 30 30 6

843 777 777 0 49 17 9

1,090 987 987 0 78 25 10

1,585 1,495 1,495 0 79 11 6

1,707 1,628 1,628 0 68 12 8

1,797 1,712 1,712 0 56 29 6

1,749 1,705 1,705 0 41 4 4

1,743 1,711 1,711 0 29 4 4

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

16 454 0 83

36 777 0 116

52 987 0 178

26 1,495 0 134

24 1,628 0 7

22 1,712 0 141

26 1,705 0 11

28 1,711 0 3

External debt flows Disbursements Long-term external debt IMF purchases

103 94 8

73 61 13

59 46 14

116 110 6

102 102 0

50 50 0

97 97 0

35 35 0

Principal repayments Long-term external debt IMF repurchases

7 3 4

10 3 7

14 13 1

38 24 13

40 24 16

49 34 15

119 105 14

55 42 13

Net flows Long-term external debt Short-term external debt

98 91 2

63 57 0

44 33 -2

75 85 -3

61 78 -1

21 17 19

-45 -8 -23

-19 -7 0

Interest payments Long-term external debt IMF charges Short-term external debt

5 3 0 2

5 4 1 1

10 9 0 1

17 16 0 0

17 16 0 0

19 19 0 1

19 18 0 0

23 23 0 0

9 0

33 ..

115 ..

-99 ..

-279 ..

-69 ..

234 ..

462 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.1 0.0 49.6

.. 0.0 0.0 0.0 54.8

.. 0.0 0.0 0.0 58.6

3.3 0.0 0.0 0.0 66.1

3.9 0.0 0.0 0.0 65.0

3.6 0.0 0.0 0.0 64.4

3.3 0.0 0.0 0.0 60.2

3.3 0.0 0.0 0.0 59.8

1.8 31.0 9.1

1.0 38.0 8.7

0.7 40.5 10.1

1.6 23.8 6.6

0.0 28.6 9.1

1.3 19.9 6.9

0.0 24.0 6.5

2.0 24.6 5.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1,721 274 1 511 0 -46 132

1,441 .. .. .. .. .. 147

1,368 .. .. .. .. .. 114

4,435 3,234 .. 3,191 .. .. 231

5,125 3,714 .. 3,366 .. .. 632

5,808 3,791 .. 4,814 .. .. 964

6,699 4,367 .. 5,818 .. .. 1,355

6,090 2,825 .. 5,456 .. .. 629

187.5 29.9 4.3 5.8 65.5 25.7 3.1

.. 58.5 .. 2.0 76.5 17.4 ..

.. 79.7 .. 2.3 76.6 10.4 ..

49.0 35.7 1.7 0.7 84.5 14.6 0.9

46.0 33.3 1.5 0.7 84.9 37.0 2.3

47.4 30.9 1.8 1.6 85.0 53.7 2.4

40.1 26.1 3.2 0.2 84.0 77.5 2.8

61.7 28.6 2.8 0.2 84.9 36.1 1.4

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

102


CHAD (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

454 454 446 337 0 186 109 8 0 0 0 0

777 777 775 645 0 379 131 2 0 0 0 0

987 987 972 834 0 515 138 15 0 0 0 0

1,495 1,495 1,463 1,340 35 864 123 32 0 0 0 0

1,628 1,628 1,595 1,450 30 925 145 33 0 0 0 0

1,712 1,712 1,679 1,527 26 968 152 33 0 0 0 0

1,705 1,705 1,672 1,469 0 905 203 33 0 0 0 0

1,711 1,711 1,679 1,479 0 896 199 33 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

94 94 94 72 0 48 22 0 0 0 0 0

61 61 61 61 0 42 0 0 0 0 0 0

46 46 46 36 0 18 10 0 0 0 0 0

110 110 110 108 1 64 2 0 0 0 0 0

102 102 102 71 0 31 31 0 0 0 0 0

50 50 50 39 0 16 12 0 0 0 0 0

97 97 97 38 0 5 59 0 0 0 0 0

35 35 35 32 0 3 4 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3 3 3 3 0 1 0 1 0 0 0 0

3 3 3 3 0 1 1 0 0 0 0 0

13 13 13 10 0 4 3 1 0 0 0 0

24 24 23 17 2 4 5 1 0 0 0 0

24 24 24 18 5 5 6 1 0 0 0 0

34 34 33 28 5 7 5 1 0 0 0 0

105 105 105 100 26 62 6 0 0 0 0 0

42 42 42 36 0 17 6 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3 3 3 2 0 1 1 0 0 0 0 0

4 4 4 3 0 3 0 0 0 0 0 0

9 9 9 6 0 3 3 0 0 0 0 0

16 16 16 14 1 6 2 0 0 0 0 0

16 16 16 13 2 6 3 0 0 0 0 0

19 19 18 15 2 7 3 0 0 0 0 0

18 18 18 15 1 8 4 0 0 0 0 0

23 23 23 19 0 7 4 0 0 0 0 0

116 98

59 63

-8 44

-56 75

122 61

90 21

-48 -45

-6 -19

8 12 0

46 62 0

0 0 0

12 18 0

0 22 0

0 5 0

0 4 0

0 5 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

62 19

65 19

70 18

72 17

80 16

85 15

81 14

82 13

6 0

2 0

2 0

2 0

2 0

2 0

1 0

0 0

Notes: Data for 2007 include the effects of Enhanced HIPC Initiative, in the amount of $3,612 in thousands.

103


CHILE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

19,226 14,687 10,425 4,263 1,156 3,382 0

22,038 18,607 7,178 11,429 0 3,431 0

37,261 31,089 5,228 25,861 0 6,172 0

45,446 38,357 9,173 29,184 0 7,089 0

48,052 38,734 9,390 29,344 0 9,318 0

56,443 45,387 9,325 36,062 0 11,056 0

64,297 49,387 8,782 40,605 0 14,910 0

71,646 54,170 9,282 44,888 0 17,476 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 10,421 4,267 1,049

0 7,178 11,429 314

0 5,148 25,941 324

0 9,170 29,188 995

0 9,377 29,357 1,423

0 9,313 36,073 894

0 8,773 40,613 1,063

0 9,276 44,894 1,927

External debt flows Disbursements Long-term external debt IMF purchases

2,253 2,253 0

3,821 3,821 0

4,966 4,966 0

9,156 9,156 0

12,620 12,620 0

13,201 13,201 0

17,314 17,314 0

18,117 18,117 0

Principal repayments Long-term external debt IMF repurchases

980 771 208

3,671 3,369 303

3,938 3,938 0

6,075 6,075 0

12,553 12,553 0

9,222 9,222 0

13,863 13,863 0

13,611 13,611 0

Net flows Long-term external debt Short-term external debt

1,682 1,481 409

-284 452 -434

2,883 1,028 1,855

2,718 3,081 -363

2,296 67 2,229

5,717 3,979 1,738

7,304 3,450 3,854

7,072 4,506 2,566

Interest payments Long-term external debt IMF charges Short-term external debt

1,792 1,364 118 310

1,293 1,114 13 165

2,235 2,081 0 154

1,510 1,290 0 221

1,993 1,655 0 338

2,276 1,723 0 553

2,023 1,634 0 389

1,672 1,218 0 454

661 367

2,957 -249

4,860 -427

6,984 1,571

7,298 -124

12,534 388

15,181 1,904

12,702 316

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 8.2 3.4 0.6 40.2

.. 9.5 2.9 0.9 42.0

.. 5.0 0.2 0.1 84.2

1.0 0.4 0.0 0.0 98.0

1.1 2.5 0.0 0.0 95.8

1.2 2.2 0.0 0.0 96.0

1.1 0.0 0.0 0.0 98.2

1.0 0.0 0.0 0.0 98.5

7.7 18.8 4.3

6.1 19.5 5.8

1.0 17.0 1.5

4.2 13.1 4.7

5.2 13.1 6.0

5.1 15.7 5.5

2.8 9.8 5.7

0.0 0.0 0.0

9.3 7.6 2.3

6.8 10.9 3.0

7.0 6.3 3.0

5.1 19.2 18.2

5.8 15.7 13.0

5.6 6.4 5.0

4.7 5.6 2.2

4.5 6.5 5.9

29,800 10,705 0 11,387 387 -485 6,784

68,637 20,226 .. 21,883 2,178 -1,350 14,860

72,333 24,891 13 26,346 2,539 -898 15,055

107,763 50,853 13 51,187 11,416 1,449 16,933

128,372 69,885 3 66,137 19,913 7,154 19,397

145,691 83,259 3 78,930 22,832 7,458 16,843

157,427 83,545 3 88,992 17,419 -2,513 23,079

153,364 67,595 4 64,994 14,088 4,217 25,292

179.6 64.5 25.9 17.6 21.5 35.3 7.1

109.0 32.1 24.5 15.6 13.0 67.4 8.1

149.7 51.5 24.8 16.6 3.8 40.4 6.9

89.4 42.2 14.9 15.6 1.8 37.3 4.0

68.8 37.4 20.8 19.4 1.9 40.4 3.5

67.8 38.7 13.8 19.6 1.6 29.8 2.6

77.0 40.8 19.0 23.2 1.2 35.9 3.1

106.0 46.7 22.6 24.4 1.2 35.3 4.7

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

104


CHILE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

14,687 10,425 5,182 4,143 1,860 14 1,039 5,242 39 4,747 4,263 0

18,607 7,178 3,582 2,871 1,372 11 711 3,596 0 3,509 11,429 866

31,089 5,228 1,887 1,406 808 7 481 3,341 0 3,273 25,861 6,339

38,357 9,173 1,089 827 289 4 262 8,084 5,406 2,678 29,184 4,761

38,734 9,390 1,151 897 346 3 254 8,239 5,938 2,301 29,344 4,779

45,387 9,325 1,136 907 354 2 229 8,189 5,401 2,788 36,062 6,385

49,387 8,782 1,004 793 200 2 211 7,778 4,513 3,264 40,605 5,585

54,170 9,282 1,041 848 215 1 193 8,241 5,413 2,827 44,888 6,584

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,253 708 650 583 251 0 67 58 0 37 1,545 0

3,821 342 194 146 83 0 48 148 0 141 3,479 500

4,966 369 147 113 48 0 34 221 0 221 4,597 672

9,156 1,197 176 162 55 0 14 1,022 500 522 7,959 700

12,620 1,186 112 92 62 0 20 1,074 650 424 11,434 813

13,201 689 64 47 14 0 16 626 0 626 12,512 250

17,314 1,030 132 126 53 0 6 899 0 899 16,283 100

18,117 2,403 109 109 29 0 0 2,293 900 1,393 15,714 1,400

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

771 500 356 263 119 1 93 144 7 32 271 0

3,369 2,277 2,003 1,884 704 1 119 273 0 240 1,092 11

3,938 757 277 177 115 1 100 480 0 479 3,181 0

6,075 1,364 371 345 206 1 26 993 422 546 4,711 195

12,553 976 61 23 5 1 38 914 118 797 11,578 765

9,222 742 58 40 6 1 18 684 537 147 8,480 575

13,863 1,592 261 243 207 1 17 1,332 888 444 12,271 900

13,611 1,906 75 54 14 1 21 1,830 0 1,830 11,705 400

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,364 1,112 384 313 130 0 71 729 2 688 252 0

1,114 653 387 348 137 0 39 266 0 258 461 26

2,081 377 138 112 70 0 26 239 0 234 1,704 440

1,290 460 49 43 16 0 6 411 299 112 829 347

1,655 495 49 43 17 0 6 446 313 134 1,160 359

1,723 530 55 50 20 0 5 475 336 138 1,194 471

1,634 529 46 42 13 0 5 483 249 234 1,105 412

1,218 422 40 31 6 0 9 383 281 102 795 369

1,193 1,682

-117 -284

2,467 2,883

1,672 2,718

2,606 2,296

8,391 5,717

7,854 7,304

7,349 7,072

4,172 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

192 29

122 28

77 27

101 26

153 24

154 22

153 19

147 16

13,678 1,647

5,608 1,439

6,468 1,310

5,606 978

3,809 880

2,298 1,755

1,278 600

1,153 800

Notes: Short-term debt is based on reports provided by the country.

105


CHINA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

55,301 45,515 45,515 0 469 9,317 0

118,090 95,764 94,674 1,090 0 22,325 0

145,711 132,631 94,842 37,789 0 13,080 0

283,986 135,719 85,227 50,492 0 148,267 0

325,260 151,883 88,217 63,666 0 173,377 0

373,773 170,075 87,791 82,284 0 203,698 0

378,245 191,057 89,282 101,774 0 187,188 0

428,442 187,933 93,125 94,808 0 240,509 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 45,449 66 9,988

0 93,573 2,192 22,812

0 94,842 37,789 10,702

0 84,968 50,751 10,233

0 87,972 63,910 6,275

0 87,619 82,456 6,927

0 89,125 101,932 6,010

0 92,982 94,951 7,273

External debt flows Disbursements Long-term external debt IMF purchases

9,665 9,665 0

21,985 21,985 0

16,776 16,776 0

29,228 29,228 0

26,524 26,524 0

36,339 36,339 0

38,188 38,188 0

23,105 23,105 0

Principal repayments Long-term external debt IMF repurchases

3,809 3,319 490

9,070 9,070 0

19,924 19,924 0

20,846 20,846 0

18,120 18,120 0

20,790 20,790 0

25,143 25,143 0

34,478 34,478 0

Net flows Long-term external debt Short-term external debt

8,267 6,346 2,410

17,758 12,915 4,842

-5,247 -3,147 -2,100

40,878 8,381 32,497

33,514 8,404 25,110

45,870 15,549 30,321

-3,465 13,045 -16,510

41,948 -11,373 53,321

Interest payments Long-term external debt IMF charges Short-term external debt

3,248 2,534 65 649

5,996 4,657 0 1,340

7,165 5,998 0 1,168

6,519 3,218 0 3,302

9,359 3,818 0 5,541

11,395 5,454 0 5,942

9,246 4,760 0 4,486

7,352 4,144 0 3,208

3,487 0

35,849 0

38,399 6,912

79,127 20,346

78,095 42,861

138,413 18,510

147,791 8,721

78,193 28,161

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 30.4 0.7 0.2 29.1

.. 20.7 0.2 0.0 58.1

.. 16.9 0.1 0.1 71.5

8.0 13.5 0.1 0.1 74.7

8.4 12.0 0.1 0.1 76.3

8.1 8.4 0.1 0.0 80.6

6.6 9.1 0.0 0.0 81.7

6.2 7.9 0.0 0.0 83.8

3.7 27.9 7.9

6.8 18.3 3.7

7.2 21.1 4.9

4.3 22.5 5.5

5.4 22.7 5.7

5.4 21.8 5.4

3.6 23.0 5.8

1.8 25.9 5.8

8.6 13.3 2.7

6.3 7.3 2.4

5.9 17.0 1.8

4.6 9.1 5.2

5.0 14.4 0.9

4.1 9.0 1.4

4.6 13.0 1.1

5.0 14.5 0.9

357,992 60,391 175 48,668 46 11,997 34,476

716,233 152,431 878 152,248 9,953 1,618 80,288

1,183,815 292,111 5,237 277,904 20,198 20,518 171,763

2,267,698 875,847 24,102 740,414 21,040 160,818 831,410

2,732,021 1,116,323 27,954 892,255 29,236 253,268 1,080,756

3,531,214 1,425,236 38,791 1,092,071 43,711 371,833 1,546,365

4,564,224 1,673,328 48,524 1,293,020 48,866 426,107 1,966,037

4,937,980 1,441,928 47,553 1,178,534 54,783 .. 2,452,899

91.6 15.4 11.7 16.8 11.1 62.3 8.5

77.5 16.5 9.9 18.9 13.8 68.0 6.3

49.9 12.3 9.3 9.0 17.7 117.9 7.4

32.4 12.5 3.1 52.2 9.3 292.8 13.5

29.1 11.9 2.5 53.3 8.5 332.3 14.5

26.2 10.6 2.3 54.5 7.8 413.7 17.0

22.6 8.3 2.1 49.5 8.1 519.8 18.2

29.7 8.7 2.9 56.1 7.7 572.5 25.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

106


CHINA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

45,515 45,515 14,514 6,111 2,865 3,016 8,403 31,001 5,425 14,520 0 0

95,764 94,674 36,982 16,302 7,209 7,038 20,680 57,693 10,684 23,869 1,090 1,090

132,631 94,842 50,374 25,811 11,118 8,771 24,563 44,467 11,371 10,619 37,789 1,068

135,719 85,227 52,215 26,413 11,140 9,741 25,802 33,012 16,039 3,247 50,492 3,574

151,883 88,217 55,333 27,738 11,415 9,997 27,595 32,884 16,382 3,763 63,666 5,279

170,075 87,791 58,375 29,258 11,762 10,151 29,117 29,416 16,566 3,030 82,284 6,018

191,057 89,282 63,128 30,655 12,464 9,786 32,473 26,154 13,925 2,868 101,774 5,970

187,933 93,125 68,079 33,156 12,705 9,521 34,923 25,046 10,826 2,735 94,808 7,020

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

9,665 9,665 2,578 1,158 591 507 1,420 7,087 277 3,247 0 0

21,985 21,441 9,073 2,838 1,457 812 6,235 12,368 1,224 4,977 544 544

16,776 9,694 5,790 3,303 1,528 379 2,487 3,904 848 131 7,082 390

29,228 9,776 2,169 2,010 1,061 70 159 7,606 4,208 2,161 19,452 1,622

26,524 6,278 3,588 2,153 1,134 34 1,434 2,690 0 17 20,246 1,945

36,339 6,562 2,835 2,425 1,194 14 410 3,727 1,456 215 29,777 740

38,188 5,449 3,893 2,870 1,604 9 1,023 1,556 0 27 32,739 0

23,105 5,938 3,310 2,657 1,290 1 653 2,628 0 46 17,167 925

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3,319 3,319 851 220 216 0 631 2,468 325 808 0 0

9,070 9,070 1,171 420 350 14 751 7,899 1,451 2,645 0 0

19,924 10,797 4,270 1,400 578 66 2,870 6,527 443 2,016 9,127 534

20,846 6,569 1,323 1,195 787 217 128 5,246 550 1,936 14,277 370

18,120 6,520 2,684 1,333 901 243 1,351 3,836 0 149 11,600 240

20,790 5,727 2,855 1,397 908 276 1,458 2,872 479 676 15,063 0

25,143 7,934 2,990 1,520 971 309 1,470 4,944 1,746 264 17,209 350

34,478 6,472 2,594 1,602 992 331 992 3,878 500 200 28,006 464

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,534 2,534 531 226 200 19 305 2,003 367 959 0 0

4,657 4,623 1,288 619 460 49 669 3,335 594 1,333 33 33

5,998 4,074 2,386 1,518 713 65 867 1,688 521 222 1,924 93

3,218 2,201 1,375 680 351 79 695 826 430 71 1,017 248

3,818 2,304 1,427 935 542 74 492 877 502 80 1,514 343

5,454 3,227 1,690 1,105 653 74 586 1,537 778 182 2,227 445

4,760 2,540 1,407 1,009 553 79 398 1,133 445 33 2,220 431

4,144 2,107 1,090 733 363 69 358 1,017 557 42 2,037 445

10,369 8,267

17,633 17,758

-6,354 -5,247

36,307 40,878

41,274 33,514

48,513 45,870

4,472 -3,465

50,198 41,948

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

6,665 2,085

6,171 1,863

6,243 1,668

5,841 1,480

5,829 1,305

5,670 1,133

5,428 968

5,326 808

30,633 5,363

23,422 4,062

18,654 2,940

12,102 2,190

11,167 1,631

9,808 1,081

5,633 602

4,000 304

Notes: Data on long-term public and publicly guaranteed, long-term private nonguaranteed and short-term debt for 2009 are World Bank staff estimates based on aggregate information provided by the authority.

107


COLOMBIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

17,222 15,784 14,671 1,113 0 1,438 28

25,044 19,499 13,946 5,553 0 5,545 2

33,937 31,066 20,806 10,259 0 2,871 0

37,720 31,544 22,555 8,989 0 6,176 0

38,024 33,261 24,720 8,541 0 4,763 0

43,675 38,514 27,402 11,112 0 5,161 0

46,551 40,918 28,960 11,958 0 5,633 0

52,223 48,113 35,364 12,749 0 4,110 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

409 14,630 1,154 1,269

177 13,945 5,555 1,792

8 20,805 10,261 3,782

0 22,554 8,990 4,879

0 24,719 8,542 4,916

0 27,401 11,113 4,647

0 28,483 12,435 5,106

0 34,837 13,276 7,971

External debt flows Disbursements Long-term external debt IMF purchases

1,994 1,994 0

4,179 4,179 0

3,803 3,803 0

6,496 6,496 0

8,943 8,943 0

8,860 8,860 0

7,219 7,219 0

13,183 13,183 0

Principal repayments Long-term external debt IMF repurchases

2,189 2,189 0

2,347 2,347 0

2,900 2,900 0

7,403 7,403 0

7,769 7,769 0

5,641 5,641 0

4,878 4,878 0

5,923 5,923 0

Net flows Long-term external debt Short-term external debt

-399 -195 -204

2,894 1,832 1,062

-191 903 -1,094

149 -907 1,056

-240 1,174 -1,413

3,618 3,220 398

2,814 2,342 472

5,737 7,260 -1,523

Interest payments Long-term external debt IMF charges Short-term external debt

1,701 1,558 0 143

1,998 1,687 0 311

2,204 2,032 0 172

2,838 2,584 0 254

2,577 2,357 0 220

2,992 2,748 0 244

3,034 2,769 0 265

2,917 2,724 0 193

500 0

968 165

2,436 17

10,252 86

6,656 -30

9,049 790

10,596 -86

7,260 67

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 4.9 0.3 0.3 44.0

.. 5.6 0.1 0.2 49.9

.. 3.6 0.8 0.0 74.4

4.2 1.6 0.8 0.0 85.2

3.5 1.3 0.8 0.0 88.0

3.5 1.1 0.8 0.0 89.8

1.4 1.1 0.0 0.0 93.7

1.1 2.2 0.0 0.0 94.3

7.5 18.7 5.4

6.4 20.4 4.8

8.8 12.1 3.1

5.1 15.9 6.0

5.5 17.7 5.3

5.7 12.3 4.8

3.7 23.1 7.1

1.3 23.9 7.0

9.3 10.2 2.2

3.8 6.1 4.0

7.6 10.2 7.5

8.0 11.4 10.2

7.5 18.3 17.9

9.2 13.4 13.2

6.8 14.5 13.7

6.6 14.0 13.6

38,193 9,026 495 9,510 964 542 4,869

90,924 12,971 815 18,286 359 -4,516 8,452

91,738 16,850 1,610 17,728 655 795 9,006

139,124 25,467 3,346 31,435 3,565 -1,886 14,955

156,417 30,077 3,928 37,808 4,591 -2,989 15,437

199,900 36,067 4,523 47,273 6,598 -5,977 20,951

232,964 44,414 4,884 56,809 8,706 -6,883 23,671

221,200 39,421 4,180 49,186 7,555 -5,146 24,987

190.8 45.1 43.1 8.4 35.4 28.3 6.1

193.1 27.5 33.5 22.1 21.2 33.7 5.5

201.4 37.0 30.3 8.5 18.5 26.5 6.1

148.1 27.1 40.2 16.4 25.5 39.6 5.7

126.4 24.3 34.4 12.5 28.5 40.6 4.9

121.1 21.8 23.9 11.8 25.8 48.0 5.3

104.8 20.0 17.8 12.1 28.2 50.8 5.0

132.5 23.6 22.4 7.9 28.2 47.8 6.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

108


COLOMBIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

15,784 14,671 8,540 6,103 3,859 14 2,437 6,131 275 4,208 1,113 0

19,499 13,946 7,063 5,316 2,548 11 1,747 6,883 1,733 4,163 5,553 717

31,066 20,806 7,722 6,274 1,920 7 1,448 13,084 8,201 4,252 10,259 762

31,544 22,555 10,568 9,615 3,896 4 954 11,987 10,927 800 8,989 370

33,261 24,720 11,657 10,841 4,563 3 816 13,063 12,162 754 8,541 540

38,514 27,402 11,993 11,277 4,756 2 717 15,409 12,354 2,224 11,112 809

40,918 28,960 13,739 13,114 5,438 2 626 15,221 12,280 2,202 11,958 809

48,113 35,364 15,246 14,732 6,570 1 514 20,118 17,159 2,184 12,749 2,709

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,994 1,847 697 559 213 0 139 1,150 0 874 147 0

4,179 1,569 685 394 238 0 290 885 535 257 2,610 592

3,803 2,939 660 508 266 0 152 2,279 1,804 469 865 0

6,496 4,376 1,467 1,467 705 0 0 2,908 2,304 591 2,121 0

8,943 5,578 2,237 2,219 942 0 18 3,341 2,696 645 3,364 170

8,860 4,494 1,585 1,581 564 0 4 2,909 1,293 1,615 4,366 469

7,219 3,862 2,567 2,546 847 0 21 1,296 1,000 296 3,357 0

13,183 8,141 2,450 2,435 1,331 0 15 5,691 5,491 200 5,041 1,900

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,189 1,875 737 527 434 1 210 1,138 4 849 314 0

2,347 2,200 1,110 647 414 1 463 1,090 119 723 147 0

2,900 2,068 557 440 242 1 116 1,511 469 838 832 110

7,403 4,712 2,223 2,072 218 1 151 2,488 1,723 680 2,692 0

7,769 3,863 1,177 1,005 259 1 171 2,686 1,879 693 3,906 0

5,641 2,914 1,364 1,248 432 1 117 1,549 1,353 150 2,727 200

4,878 2,173 883 755 158 1 128 1,290 953 317 2,705 0

5,923 1,797 940 811 216 1 129 857 623 218 4,126 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,558 1,240 627 476 318 0 150 613 27 461 318 0

1,687 962 505 388 190 0 118 457 58 310 725 15

2,032 1,414 541 470 126 0 71 873 515 298 618 84

2,584 1,947 574 529 174 0 44 1,373 1,284 69 637 36

2,357 1,650 580 543 210 0 37 1,071 1,005 52 707 43

2,748 1,948 681 648 256 0 33 1,266 1,058 48 800 75

2,769 2,106 656 629 241 0 27 1,450 1,112 183 663 68

2,724 2,006 602 582 242 0 20 1,404 1,073 171 718 129

336 -399

3,106 2,894

-490 -191

-191 149

304 -240

5,651 3,618

2,876 2,814

5,672 5,737

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

878 378

1,060 353

1,103 327

1,074 303

1,323 275

1,194 247

1,107 221

984 199

4,381 1,962

2,253 1,717

3,701 1,598

1,443 1,341

2,601 1,277

1,469 1,093

623 981

2,900 950

Notes: Short-term debt is based on the Central Bank data.

109


COMOROS (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

187.8 175.4 175.4 0.0 0.0 12.4 12.2

214.5 201.2 201.2 0.0 3.3 10.0 8.0

236.6 206.9 206.9 0.0 1.5 28.1 19.1

291.8 258.0 258.0 0.0 0.0 33.7 30.7

296.7 260.3 260.3 0.0 0.0 36.3 32.3

291.8 279.9 279.9 0.0 0.0 11.8 7.8

282.0 271.0 271.0 0.0 5.1 5.8 5.8

279.3 263.8 263.8 0.0 10.1 5.4 5.4

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

25.5 175.4 0.0 0.9

26.7 201.2 0.0 4.7

60.2 206.9 0.0 0.0

74.1 258.0 0.0 0.6

78.6 260.3 0.0 0.0

38.5 279.9 0.0 0.0

27.4 271.0 0.0 0.0

24.8 263.8 0.0 0.0

External debt flows Disbursements Long-term external debt IMF purchases

5.1 5.1 0.0

9.6 9.6 0.0

2.1 2.1 0.0

3.3 3.3 0.0

3.0 3.0 0.0

4.8 4.8 0.0

6.7 1.4 5.3

6.9 0.3 6.5

Principal repayments Long-term external debt IMF repurchases

0.2 0.2 0.0

0.4 0.4 0.0

1.8 1.2 0.6

2.6 2.6 0.0

2.4 2.4 0.0

12.8 12.8 0.0

8.1 8.1 0.0

8.9 7.2 1.7

Net flows Long-term external debt Short-term external debt

1.8 4.8 -3.0

11.2 9.2 2.0

2.3 0.9 2.0

0.7 0.7 0.0

1.6 0.6 1.0

-8.0 -8.0 0.0

-5.5 -6.7 -4.0

-2.1 -6.9 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

0.9 0.7 0.0 0.2

0.6 0.5 0.0 0.1

1.4 0.8 0.0 0.6

1.4 1.3 0.0 0.2

1.4 1.2 0.0 0.2

13.3 13.1 0.0 0.2

4.2 4.2 0.0 0.0

2.9 2.9 0.0 0.0

0.4 0.0

0.9 0.0

0.1 ..

0.6 ..

0.6 ..

7.5 ..

7.5 ..

9.1 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 16.7

.. 0.0 0.0 0.0 27.1

.. 0.0 0.0 0.0 31.9

12.4 0.0 0.0 0.0 40.6

12.3 0.0 0.0 0.0 41.3

11.6 0.0 0.0 0.0 42.5

11.4 0.0 0.0 0.0 43.1

11.4 0.0 0.0 0.0 43.7

2.0 29.8 10.3

0.9 37.7 10.4

0.0 0.0 0.0

1.0 39.7 10.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

249.3 38.1 9.9 93.4 0.6 -10.5 29.9

232.9 49.2 12.2 105.7 0.2 -19.0 44.9

202.2 .. 12.0 .. .. .. 43.4

384.6 .. 12.0 .. .. .. 86.1

403.6 .. 12.0 .. .. .. 93.9

466.9 .. 12.0 173.7 .. .. 117.6

531.2 .. 12.0 195.9 .. .. 112.7

547.9 .. 12.0 .. .. .. ..

492.2 75.3 2.9 6.6 61.0 15.9 3.8

435.8 92.1 2.0 4.7 72.9 20.9 5.1

.. 117.0 .. 11.9 70.1 18.3 ..

.. 75.9 .. 11.6 71.1 29.5 ..

.. 73.5 .. 12.2 73.1 31.6 ..

.. 62.5 .. 4.1 78.2 40.3 8.1

.. 53.1 .. 2.1 77.8 40.0 6.9

.. 51.0 .. 1.9 76.8 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

110


COMOROS (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

175.4 175.4 175.4 114.6 0.0 37.5 60.8 0.0 0.0 0.0 0.0 0.0

201.2 201.2 201.2 156.5 0.0 64.1 44.7 0.0 0.0 0.0 0.0 0.0

206.9 206.9 206.9 165.9 0.0 70.8 41.1 0.0 0.0 0.0 0.0 0.0

258.0 258.0 258.0 207.3 0.0 111.1 50.7 0.0 0.0 0.0 0.0 0.0

260.3 260.3 260.3 216.9 0.0 117.1 43.5 0.0 0.0 0.0 0.0 0.0

279.9 279.9 279.9 228.1 0.0 124.4 51.8 0.0 0.0 0.0 0.0 0.0

271.0 271.0 271.0 219.4 0.0 122.3 51.6 0.0 0.0 0.0 0.0 0.0

263.8 263.8 263.8 214.6 0.0 120.4 49.2 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5.1 5.1 5.1 0.9 0.0 0.7 4.2 0.0 0.0 0.0 0.0 0.0

9.6 9.6 9.6 9.6 0.0 9.6 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 2.1 0.0 2.1 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 3.3 0.0 2.7 0.0 0.0 0.0 0.0 0.0 0.0

3.0 3.0 3.0 3.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 4.8 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.4 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 0.3 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

0.2 0.2 0.2 0.2 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.4 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 1.2 0.0 0.8 0.0 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.6 2.6 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0

2.4 2.4 2.4 2.4 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0

12.8 12.8 12.8 12.8 0.0 2.3 0.0 0.0 0.0 0.0 0.0 0.0

8.1 8.1 8.1 8.1 0.0 2.6 0.0 0.0 0.0 0.0 0.0 0.0

7.2 7.2 7.2 7.2 0.0 3.1 0.0 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

0.7 0.7 0.7 0.4 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0

0.5 0.5 0.5 0.5 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.0 0.8 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.3 0.0 0.9 0.0 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 1.2 0.0 0.9 0.0 0.0 0.0 0.0 0.0 0.0

13.1 13.1 13.1 12.9 0.0 0.9 0.2 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 3.9 0.0 0.8 0.3 0.0 0.0 0.0 0.0 0.0

2.9 2.9 2.9 2.6 0.0 1.1 0.3 0.0 0.0 0.0 0.0 0.0

10.7 1.8

11.9 11.2

0.6 2.3

-15.7 0.7

4.9 1.6

-4.9 -8.0

-9.8 -5.5

-2.7 -2.1

0.0 0.0 0.0

2.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

68.6 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

7.6 1.7

7.8 1.7

8.1 1.7

7.2 1.6

7.5 1.6

7.9 1.5

7.9 1.5

7.9 1.4

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

111


CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

10,259 8,994 8,994 0 521 744 265

13,239 9,636 9,636 0 485 3,118 2,937

11,692 7,880 7,880 0 391 3,421 3,042

10,600 9,412 9,412 0 791 397 359

11,244 9,891 9,891 0 833 520 378

12,359 10,928 10,928 0 808 623 443

12,196 10,872 10,872 0 654 670 464

12,183 10,788 10,788 0 800 596 482

1,050 8,994 0 109

4,569 9,621 15 14

4,949 7,867 13 0

1,186 9,412 0 45

1,279 9,891 0 45

1,530 10,928 0 0

1,676 10,872 0 0

2,168 10,788 0 0

External debt flows Disbursements Long-term external debt IMF purchases

315 315 0

0 0 0

0 0 0

288 249 39

182 182 0

116 116 0

100 100 0

387 105 282

Principal repayments Long-term external debt IMF repurchases

201 49 152

1 0 1

0 0 0

112 112 0

142 142 0

223 158 64

310 173 137

449 298 150

Net flows Long-term external debt Short-term external debt

88 266 -27

61 0 63

20 0 20

95 137 -81

144 40 104

-68 -42 38

-185 -74 26

-154 -193 -92

Interest payments Long-term external debt IMF charges Short-term external debt

147 88 38 21

24 0 16 8

25 0 0 25

102 97 2 3

143 134 4 5

280 269 4 6

288 278 4 6

251 245 4 2

-14 ..

-22 ..

72 ..

.. ..

256 ..

1,808 ..

1,727 ..

951 ..

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 3.0 1.2 0.2 41.5

.. 3.7 0.9 0.3 40.8

.. 4.8 1.1 0.2 44.6

30.1 7.3 1.2 0.3 46.0

31.3 6.8 1.3 0.3 45.2

31.0 6.3 1.2 0.3 41.8

28.9 7.9 0.9 0.3 42.1

29.2 7.7 1.0 0.2 41.4

5.9 23.8 6.4

2.5 19.9 4.4

0.0 0.0 0.0

1.5 30.3 6.7

2.2 27.8 1.7

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 1.3 0.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

8,579 .. .. .. .. .. 261

4,878 .. .. .. .. .. 157

3,918 .. .. .. .. .. 83

6,760 .. .. .. .. .. 131

8,143 .. .. .. .. .. 155

9,621 .. .. 98,053 .. .. 181

10,396 .. .. 106,338 .. .. 78

10,034 .. .. 80,328 .. .. ..

.. 119.6 .. 7.2 18.6 2.5 ..

.. 271.4 .. 23.6 18.0 1.2 ..

.. 298.4 .. 29.3 18.5 0.7 ..

.. 156.8 .. 3.7 28.8 1.2 ..

.. 138.1 .. 4.6 29.2 1.4 ..

.. 128.5 .. 5.0 32.8 1.5 0.0

.. 117.3 .. 5.5 34.0 0.6 0.0

.. 121.4 .. 4.9 34.4 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

112


CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

8,994 8,994 8,105 1,912 49 1,112 6,193 889 5 118 0 0

9,636 9,636 8,758 2,382 92 1,321 6,376 878 5 117 0 0

7,880 7,880 7,384 2,164 81 1,188 5,220 496 3 81 0 0

9,412 9,412 9,042 3,050 0 2,050 5,992 370 1 1 0 0

9,891 9,891 9,524 3,280 0 2,251 6,244 367 1 1 0 0

10,928 10,928 10,571 4,056 0 2,402 6,515 357 0 1 0 0

10,872 10,872 10,520 4,150 0 2,437 6,371 351 0 0 0 0

10,788 10,788 10,496 4,187 0 2,497 6,310 292 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

315 315 312 222 21 89 90 3 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

249 249 249 249 0 226 0 0 0 0 0 0

182 182 182 143 0 138 39 0 0 0 0 0

116 116 116 105 0 99 10 1 0 0 0 0

100 100 100 100 0 92 0 0 0 0 0 0

105 105 105 105 0 85 0 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

49 49 34 28 5 2 6 15 0 5 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

112 112 110 11 0 0 98 2 1 0 0 0

142 142 136 19 0 1 116 6 0 0 0 0

158 158 154 40 0 1 114 5 0 0 0 0

173 173 167 58 0 3 109 7 0 0 0 0

298 298 238 69 0 7 169 61 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

88 88 76 40 1 7 36 12 0 2 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

97 97 95 52 0 12 43 1 0 0 0 0

134 134 132 62 0 12 70 2 0 0 0 0

269 269 267 113 0 14 153 2 0 0 0 0

278 278 275 126 0 15 149 3 0 0 0 0

245 245 243 125 0 16 119 2 0 0 0 0

1,007 88

918 61

-356 20

-834 95

643 144

1,116 -68

-164 -185

-13 -154

446 24 0

0 0 0

0 0 0

34 95 0

0 37 0

0 40 0

0 161 0

0 37 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

302 135

314 129

324 123

341 117

299 110

256 106

266 103

324 99

4 1

4 1

4 0

4 0

4 0

1 0

1 0

1 0

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates. Data for 2007, 2008, and 2009 include the effects of Enhanced HIPC Initiative, in the amount of $40,433 in thousands, $42,477 in thousands, and $37,364 in thousands respectively.

113


CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

4,903 4,160 4,160 0 11 732 177

5,887 4,867 4,867 0 19 1,002 412

4,782 3,682 3,682 0 41 1,059 638

6,154 5,413 5,413 0 26 714 703

6,561 5,749 5,749 0 35 776 713

5,648 5,247 5,247 0 37 364 259

5,931 5,504 5,504 0 38 389 252

5,041 4,785 4,785 0 43 213 144

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

569 4,160 0 192

950 4,867 0 31

1,727 3,682 0 24

2,511 5,413 0 630

2,564 5,749 0 17

1,008 5,247 0 10

978 5,504 0 13

512 4,785 0 394

External debt flows Disbursements Long-term external debt IMF purchases

325 320 5

15 15 0

15 1 14

242 231 12

153 142 12

28 28 0

21 19 2

10 7 4

Principal repayments Long-term external debt IMF repurchases

357 350 7

88 85 2

6 6 0

77 65 12

54 50 4

74 74 0

112 112 0

86 86 0

Net flows Long-term external debt Short-term external debt

106 -30 138

163 -70 236

-52 -5 -61

176 165 11

151 92 52

-4 -46 42

-60 -94 32

-144 -80 -68

Interest payments Long-term external debt IMF charges Short-term external debt

163 114 1 48

99 62 1 35

38 7 1 30

35 34 0 0

33 31 0 2

34 29 0 4

70 64 0 5

77 75 0 2

23 0

125 0

166 0

514 ..

1,488 ..

2,638 ..

2,483 ..

2,083 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.2 5.4 0.4 16.6

.. 0.2 3.5 0.5 24.1

.. 0.2 4.9 0.3 29.9

35.9 0.1 5.3 0.2 52.5

36.0 0.1 6.4 0.2 51.4

41.9 0.2 6.3 0.3 43.9

40.3 0.2 4.4 0.3 47.9

42.6 0.0 5.4 0.3 42.7

4.3 17.2 7.2

2.2 31.8 9.0

2.0 15.0 7.0

0.6 16.1 4.7

2.4 39.5 10.4

1.0 19.7 5.2

2.8 19.5 4.8

0.9 19.5 5.2

9.9 8.3 4.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

4.0 9.8 0.2

0.0 0.0 0.0

2,324 1,503 .. 1,757 0 -251 10

1,228 1,383 4 2,050 326 -625 64

2,275 2,642 10 2,013 466 648 225

4,039 4,983 11 4,318 1,296 696 738

5,104 6,352 13 6,202 1,403 124 1,848

5,042 6,151 15 8,294 1,651 -2,181 2,184

7,675 .. 15 .. .. .. 3,881

6,018 .. 15 .. .. .. 3,818

326.3 211.0 34.6 14.9 11.3 0.2 0.1

425.8 479.3 13.5 17.0 10.7 1.1 0.4

181.0 210.2 1.7 22.1 10.4 4.7 1.3

123.5 152.4 2.2 11.6 8.5 12.0 2.0

103.3 128.6 1.4 11.8 7.9 28.2 3.6

91.8 112.0 1.7 6.4 8.9 38.7 3.2

.. 77.3 .. 6.6 8.0 65.4 ..

.. 83.8 .. 4.2 9.2 75.7 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

114


CONGO, REPUBLIC OF (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

4,160 4,160 3,013 555 164 75 2,458 1,147 0 719 0 0

4,867 4,867 3,947 631 105 174 3,316 920 0 778 0 0

3,682 3,682 2,920 499 65 159 2,421 762 0 686 0 0

5,413 5,413 3,303 522 0 280 2,780 2,111 0 2,017 0 0

5,749 5,749 3,609 518 0 295 3,091 2,140 0 2,037 0 0

5,247 5,247 3,864 501 0 303 3,363 1,383 0 1,281 0 0

5,504 5,504 4,150 476 0 299 3,674 1,354 0 1,261 0 0

4,785 4,785 3,861 463 0 298 3,398 924 0 779 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

320 320 127 11 2 0 116 193 0 174 0 0

15 15 15 1 1 0 15 0 0 0 0 0

1 1 1 0 0 0 1 0 0 0 0 0

231 231 231 95 0 35 135 0 0 0 0 0

142 142 142 8 0 8 134 0 0 0 0 0

28 28 28 14 0 2 14 0 0 0 0 0

19 19 14 9 0 3 4 5 0 0 0 0

7 7 7 5 0 3 1 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

350 350 66 26 6 0 40 283 0 255 0 0

85 85 33 20 18 1 12 53 0 46 0 0

6 6 6 6 2 1 0 0 0 0 0 0

65 65 65 47 0 5 19 0 0 0 0 0

50 50 50 31 0 3 19 0 0 0 0 0

74 74 72 23 0 2 49 1 0 0 0 0

112 112 84 21 0 2 64 28 0 24 0 0

86 86 86 22 0 2 64 1 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

114 114 62 25 12 1 38 51 0 44 0 0

62 62 20 11 10 1 9 42 0 39 0 0

7 7 7 7 1 1 0 0 0 0 0 0

34 34 34 26 0 2 8 0 0 0 0 0

31 31 31 14 0 2 17 0 0 0 0 0

29 29 29 11 0 2 19 0 0 0 0 0

64 64 59 9 0 2 50 5 0 5 0 0

75 75 57 8 0 2 49 18 0 18 0 0

691 106

586 163

-138 -52

-410 176

406 151

-912 -4

283 -60

-890 -144

780 0 0

108 24 0

0 0 0

86 141 0

124 152 0

616 1,282 0

312 114 0

53 765 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

316 62

272 64

278 69

206 64

231 62

217 59

211 55

210 51

24 12

24 11

28 11

32 10

32 10

32 9

32 8

32 11

Notes: Data include the effects of London Club debt restructuring agreement signed in 2007 and Paris Club debt restructuring agreement signed in 2008. Data for 2007, 2008, and 2009 include the effects of Enhanced HIPC Initiative, in the amount of $3,616 in thousands and $3,596 in thousands, and $3,576 in thousands respectively.

115


COSTA RICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

3,738 3,350 3,046 304 11 377 77

3,766 3,312 3,097 214 24 430 32

4,636 3,688 3,452 236 0 948 12

6,480 4,383 3,152 1,231 0 2,097 2

6,987 4,632 3,307 1,325 0 2,355 2

8,398 5,164 3,643 1,521 0 3,234 0

9,189 5,201 3,168 2,033 0 3,989 0

8,070 5,728 3,190 2,538 0 2,341 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

171 3,043 308 230

98 3,095 216 25

29 3,451 237 824

0 3,152 1,231 358

0 3,307 1,325 416

0 3,643 1,521 149

0 3,168 2,033 446

0 3,190 2,538 1,798

External debt flows Disbursements Long-term external debt IMF purchases

206 206 0

211 211 0

758 758 0

985 985 0

458 458 0

610 610 0

1,115 1,115 0

1,320 1,320 0

Principal repayments Long-term external debt IMF repurchases

297 272 26

401 357 44

388 388 0

568 568 0

497 497 0

558 558 0

1,111 1,111 0

793 793 0

Net flows Long-term external debt Short-term external debt

-111 -65 -20

-148 -146 42

549 370 179

842 417 425

220 -39 258

932 52 880

758 3 755

-1,120 527 -1,647

Interest payments Long-term external debt IMF charges Short-term external debt

207 172 3 32

251 225 3 23

262 206 0 56

274 179 0 94

293 176 0 118

347 207 0 140

462 352 0 110

437 366 0 70

163 0

337 0

409 0

861 0

1,469 0

1,896 0

2,078 0

1,347 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 3.0 0.2 0.0 58.4

.. 8.2 0.1 0.0 49.1

.. 4.0 0.0 0.0 69.9

1.5 2.8 0.0 0.0 77.4

1.4 2.1 0.0 0.0 80.4

1.6 2.3 0.0 0.0 83.1

1.6 3.8 0.0 0.0 88.1

1.5 5.1 0.0 0.0 88.1

6.4 17.6 5.0

2.2 7.3 1.2

6.3 4.3 1.8

5.7 17.5 4.0

4.8 15.1 3.9

6.2 14.8 3.8

4.6 17.3 4.0

2.6 19.6 4.1

9.5 3.2 1.1

6.9 6.0 1.5

8.3 17.3 17.3

8.2 12.1 0.5

6.9 10.3 10.3

6.0 1.4 0.3

0.0 0.0 0.0

5.1 7.2 5.6

7,151 2,094 12 2,709 60 -424 525

11,497 4,597 123 5,089 109 -358 1,060

14,697 7,992 136 8,793 1,141 -707 1,318

19,174 10,528 420 11,779 743 -981 2,314

21,788 12,208 513 13,580 853 -1,023 3,117

25,468 13,559 618 15,675 1,131 -1,646 4,115

28,941 14,340 605 17,511 688 -2,729 3,801

28,752 12,786 574 13,681 1,056 .. 4,068

178.6 52.3 24.1 10.1 30.5 14.0 2.3

81.9 32.8 14.2 11.4 36.6 28.1 2.5

58.0 31.5 8.1 20.4 28.1 28.4 1.8

61.5 33.8 8.0 32.4 18.1 35.7 2.4

57.2 32.1 6.5 33.7 18.0 44.6 2.8

61.9 33.0 6.7 38.5 14.2 49.0 3.2

64.1 31.8 11.0 43.4 11.3 41.4 2.6

63.1 28.1 9.6 29.0 14.6 50.4 3.6

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

116


COSTA RICA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,350 3,046 2,342 1,140 409 3 1,202 704 609 41 304 0

3,312 3,097 2,486 1,380 300 3 1,106 611 572 3 214 0

3,688 3,452 1,861 1,305 121 2 556 1,591 1,542 23 236 0

4,383 3,152 1,361 1,174 59 1 187 1,791 1,669 102 1,231 0

4,632 3,307 1,443 1,258 53 1 185 1,864 1,685 161 1,325 0

5,164 3,643 1,469 1,192 45 1 277 2,174 1,900 257 1,521 0

5,201 3,168 1,355 1,038 41 0 318 1,812 1,660 137 2,033 0

5,728 3,190 1,570 1,178 57 0 392 1,620 1,435 172 2,538 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

206 201 170 89 5 0 81 31 0 30 5 0

211 201 200 183 16 0 18 0 0 0 10 0

758 749 249 130 6 0 118 500 500 0 9 0

985 75 75 69 5 0 6 0 0 0 910 0

458 142 92 77 5 0 15 50 50 0 316 0

610 118 118 102 1 0 16 0 0 0 492 0

1,115 320 309 245 4 0 63 11 0 11 795 0

1,320 521 378 258 24 0 120 143 75 68 799 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

272 266 95 79 45 0 16 171 42 124 6 0

357 333 323 176 55 0 146 10 4 2 24 0

388 371 334 154 33 0 180 37 30 4 17 0

568 364 305 275 17 0 30 59 41 17 204 0

497 275 229 212 11 0 17 45 34 11 222 0

558 262 220 190 9 0 30 42 35 7 296 0

1,111 828 455 412 8 0 43 373 240 130 283 0

793 498 163 118 7 0 45 335 300 33 294 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

172 170 105 77 33 0 28 65 24 36 2 0

225 204 163 95 27 0 67 42 37 0 21 0

206 190 104 84 12 0 20 86 80 2 16 0

179 105 63 57 3 0 5 43 39 3 74 0

176 95 53 50 3 0 3 42 37 5 80 0

207 115 42 39 3 0 3 73 68 4 92 0

352 246 78 68 3 0 10 168 152 14 106 0

366 214 73 63 2 0 9 142 131 10 152 0

-837 -111

-110 -148

490 549

774 842

507 220

1,411 932

791 758

-1,120 -1,120

641 855 0

0 3 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

258 68

243 61

229 53

250 44

228 36

208 30

184 26

174 22

638 235

727 197

703 161

550 114

545 88

183 59

278 46

130 35

Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates. Short-term debt is based on reports provided by the country.

117


COTE D'IVOIRE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

17,251 13,223 10,665 2,558 431 3,597 819

18,899 14,562 11,902 2,660 427 3,910 1,020

12,138 10,546 9,063 1,482 549 1,043 79

11,912 10,866 9,965 900 198 848 848

12,764 11,605 10,823 782 150 1,010 1,010

13,865 12,237 11,646 591 173 1,455 1,455

12,568 11,036 10,622 414 188 1,344 1,344

11,701 11,250 10,979 271 352 99 99

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1,727 10,663 2,560 764

2,686 11,901 2,661 716

169 9,063 1,482 72

1,499 9,965 900 40

2,033 10,823 782 58

2,497 11,646 591 162

2,218 10,622 414 73

183 10,979 271 148

External debt flows Disbursements Long-term external debt IMF purchases

1,172 1,019 153

924 743 181

148 148 0

55 55 0

116 116 0

140 77 62

118 54 64

359 58 301

Principal repayments Long-term external debt IMF repurchases

621 498 123

625 539 86

481 442 39

255 164 91

217 160 57

345 298 47

829 784 44

841 697 143

Net flows Long-term external debt Short-term external debt

1,189 521 639

935 204 636

-617 -294 -283

-308 -109 -108

-101 -44 0

-206 -221 0

-711 -731 0

-481 -639 0

Interest payments Long-term external debt IMF charges Short-term external debt

641 443 31 167

421 390 8 23

539 462 3 74

50 46 1 3

50 49 1 0

84 82 1 0

221 216 5 0

266 264 2 0

48 0

211 1

235 1

312 14

319 2

427 2

446 2

381 -9

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.9 1.3 2.3 15.5

.. 1.4 0.9 0.5 22.0

.. 1.4 0.6 0.2 53.7

51.9 1.3 0.4 0.2 37.7

53.4 1.2 0.4 0.2 35.9

55.6 1.1 0.4 0.2 34.1

56.2 1.6 0.3 0.2 33.0

58.6 2.0 0.4 0.0 34.0

5.9 20.0 6.3

1.9 29.8 8.5

0.8 46.2 9.6

1.7 20.0 5.7

0.2 7.8 1.7

4.8 14.9 4.4

1.7 20.5 5.7

3.7 21.3 6.6

0.0 0.0 0.0

14.5 19.6 0.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.5 11.7 3.7

0.0 0.0 0.0

1.1 20.3 2.3

9,209 3,561 44 4,594 75 -1,214 21

10,013 4,526 151 4,782 204 -492 529

9,715 4,512 119 4,423 284 -241 668

15,643 8,724 163 8,222 370 40 1,322

16,589 9,518 167 8,508 478 479 1,798

18,913 9,820 185 9,616 531 -139 2,519

22,442 11,651 199 10,867 581 452 2,253

22,078 11,702 185 9,917 0 1,670 3,267

484.5 187.3 35.4 20.8 20.8 0.1 0.1

417.5 188.7 23.1 20.7 20.6 2.8 1.3

269.0 124.9 22.6 8.6 24.4 5.5 1.8

136.5 76.2 3.5 7.1 25.9 11.1 1.9

134.1 76.9 2.8 7.9 26.1 14.1 2.5

141.2 73.3 4.4 10.5 25.0 18.2 3.1

107.9 56.0 9.0 10.7 23.0 17.9 2.5

100.0 53.0 9.5 0.8 20.3 27.9 4.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

118


COTE D'IVOIRE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

13,223 10,665 7,686 3,585 1,913 7 4,101 2,980 0 2,640 2,558 0

14,562 11,902 9,217 3,900 1,573 813 5,317 2,685 0 2,630 2,660 0

10,546 9,063 6,669 2,958 599 1,366 3,711 2,394 2,343 14 1,482 0

10,866 9,965 7,673 3,087 423 1,763 4,586 2,292 2,159 133 900 0

11,605 10,823 8,384 3,330 456 1,847 5,054 2,439 2,293 146 782 0

12,237 11,646 9,062 3,471 479 1,909 5,591 2,584 2,425 160 591 0

11,036 10,622 8,123 2,892 117 1,797 5,232 2,499 2,346 152 414 0

11,250 10,979 8,914 2,374 42 1,781 6,540 2,065 1,931 134 271 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,019 769 758 460 261 0 298 11 0 2 250 0

743 670 669 340 19 226 329 1 0 1 73 0

148 148 148 148 0 76 0 0 0 0 0 0

55 21 21 11 0 0 10 0 0 0 34 0

116 88 88 71 0 0 17 0 0 0 28 0

77 57 57 35 0 0 22 0 0 0 20 0

54 35 35 24 0 13 10 0 0 0 19 0

58 36 36 23 0 13 13 0 0 0 22 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

498 319 247 230 125 0 16 72 1 25 179 0

539 514 479 286 199 0 193 36 0 5 25 0

442 329 283 143 57 0 140 46 46 0 113 0

164 21 21 20 0 0 0 0 0 0 143 0

160 14 13 12 0 0 1 0 0 0 146 0

298 112 112 106 30 16 6 0 0 0 187 0

784 588 588 587 377 117 1 0 0 0 196 0

697 532 532 504 73 41 28 0 0 0 165 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

443 205 187 176 141 0 12 18 0 7 237 0

390 257 252 172 135 5 81 5 0 1 133 0

462 342 189 78 32 8 111 153 153 0 120 0

46 3 3 3 0 0 0 0 0 0 43 0

49 2 2 2 0 0 0 0 0 0 47 0

82 41 41 41 10 8 1 0 0 0 41 0

216 183 183 183 83 61 1 0 0 0 33 0

264 241 241 238 6 14 3 0 0 0 23 0

2,430 1,189

1,503 935

-1,032 -617

-1,287 -308

852 -101

1,101 -206

-1,297 -711

-867 -481

930 50 0

381 322 0

72 29 0

0 0 0

0 0 0

0 0 0

0 0 0

3,079 1,103 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,050 251

1,041 249

684 246

532 241

534 226

535 208

538 190

525 172

300 31

287 26

278 21

260 17

253 14

248 11

245 8

242 6

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. Data include the effects of Paris Club debt restructuring agreements signed in 2009.

119


DJIBOUTI (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

155.3 155.2 155.2 0.0 0.0 0.1 0.1

272.4 268.9 268.9 0.0 0.0 3.5 3.5

258.2 238.3 238.3 0.0 13.4 6.5 6.5

406.8 378.9 378.9 0.0 18.7 9.2 9.2

451.8 423.6 423.6 0.0 18.0 10.2 10.2

656.9 634.9 634.9 0.0 16.1 5.9 5.9

684.7 666.5 666.5 0.0 17.4 0.7 0.7

752.4 731.9 731.9 0.0 15.8 4.7 4.7

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1.2 155.2 0.0 6.2

13.1 268.9 0.0 0.0

22.7 238.3 0.0 48.6

22.2 378.9 0.0 68.6

26.8 423.6 0.0 41.1

40.4 634.9 0.0 22.7

2.2 666.5 0.0 38.4

7.7 731.9 0.0 24.3

External debt flows Disbursements Long-term external debt IMF purchases

27.0 27.0 0.0

18.4 18.4 0.0

11.3 7.7 3.6

26.5 26.5 0.0

44.5 44.5 0.0

39.0 39.0 0.0

52.0 45.9 6.1

73.3 71.0 2.3

Principal repayments Long-term external debt IMF repurchases

8.9 8.9 0.0

9.2 9.2 0.0

10.7 8.4 2.3

11.9 11.0 0.8

16.1 14.5 1.6

16.0 13.2 2.8

17.9 13.6 4.3

21.6 17.4 4.2

Net flows Long-term external debt Short-term external debt

18.0 18.0 0.0

9.2 9.2 0.0

0.7 -0.7 0.0

14.7 15.5 0.0

28.4 30.0 0.0

23.0 25.8 0.0

34.1 32.3 0.0

51.6 53.6 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

2.1 2.1 0.0 0.0

2.0 2.0 0.0 0.0

2.6 2.2 0.4 0.0

3.8 3.7 0.1 0.0

5.0 4.9 0.1 0.0

6.6 6.5 0.1 0.0

7.3 7.2 0.1 0.0

7.7 7.6 0.1 0.0

.. ..

3.2 0.0

3.3 0.0

22.2 0.0

108.3 0.0

195.4 0.0

253.0 0.0

100.0 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 13.9

.. 0.0 0.0 0.0 12.4

.. 0.0 0.0 0.0 16.2

13.1 0.0 0.0 0.0 34.2

13.4 0.0 0.0 0.0 34.0

31.9 0.0 0.0 0.0 26.6

30.2 0.0 0.0 0.0 26.1

29.5 0.0 0.0 0.0 24.9

0.8 39.7 10.2

0.0 0.0 0.0

2.3 29.9 6.9

1.3 38.0 9.0

1.8 10.9 6.5

3.9 24.8 5.8

2.9 20.8 5.0

2.5 26.3 7.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. 93.6

515.0 220.7 11.9 263.5 4.6 17.5 72.2

567.0 218.4 12.3 287.1 4.2 -19.0 67.8

775.8 319.8 25.8 372.3 5.9 20.1 89.3

853.9 341.5 28.5 436.8 5.9 -16.6 120.3

935.9 341.7 28.6 592.3 4.2 -171.4 132.1

1072.5 409.6 30.3 714.8 5.0 -225.4 175.5

1120.1 .. 30.3 .. .. .. 241.8

.. .. .. 0.0 55.4 60.3 ..

123.4 52.9 5.0 1.3 50.1 26.5 3.3

118.2 45.5 6.1 2.5 53.6 26.3 2.8

127.2 52.4 4.9 2.3 66.0 21.9 2.9

132.3 52.9 6.2 2.3 67.7 26.6 3.3

192.2 70.2 6.6 0.9 52.8 20.1 2.7

167.2 63.8 6.2 0.1 53.0 25.6 2.9

.. 67.2 .. 0.6 53.6 32.1 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

120


DJIBOUTI (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

155.2 155.2 155.2 86.1 0.0 31.1 69.2 0.0 0.0 0.0 0.0 0.0

268.9 268.9 268.9 136.4 0.0 46.2 132.5 0.0 0.0 0.0 0.0 0.0

238.3 238.3 238.3 138.3 0.0 49.9 100.0 0.0 0.0 0.0 0.0 0.0

378.9 378.9 373.3 268.7 0.0 120.3 104.6 5.6 0.0 5.6 0.0 0.0

423.6 423.6 418.0 305.7 0.0 133.3 112.3 5.6 0.0 5.6 0.0 0.0

634.9 634.9 622.6 347.0 0.0 147.2 275.6 12.3 0.0 12.3 0.0 0.0

666.5 666.5 653.0 362.8 0.0 151.6 290.2 13.5 0.0 13.5 0.0 0.0

731.9 731.9 716.7 403.1 0.0 158.4 313.6 15.2 0.0 15.2 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

27.0 27.0 27.0 8.9 0.0 2.5 18.0 0.0 0.0 0.0 0.0 0.0

18.4 18.4 18.4 10.0 0.0 2.8 8.4 0.0 0.0 0.0 0.0 0.0

7.7 7.7 7.7 7.7 0.0 3.9 0.0 0.0 0.0 0.0 0.0 0.0

26.5 26.5 26.5 16.2 0.0 4.7 10.3 0.0 0.0 0.0 0.0 0.0

44.5 44.5 44.5 34.2 0.0 8.2 10.4 0.0 0.0 0.0 0.0 0.0

39.0 39.0 39.0 29.6 0.0 9.7 9.4 0.0 0.0 0.0 0.0 0.0

45.9 45.9 45.9 24.0 0.0 7.2 21.9 0.0 0.0 0.0 0.0 0.0

71.0 71.0 71.0 48.4 0.0 7.4 22.6 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8.9 8.9 8.3 3.5 0.0 0.0 4.8 0.6 0.0 0.4 0.0 0.0

9.2 9.2 9.2 4.4 0.0 0.3 4.8 0.0 0.0 0.0 0.0 0.0

8.4 8.4 8.4 4.0 0.0 0.5 4.4 0.0 0.0 0.0 0.0 0.0

11.0 11.0 11.0 5.1 0.0 1.4 6.0 0.0 0.0 0.0 0.0 0.0

14.5 14.5 14.5 8.2 0.0 1.2 6.3 0.0 0.0 0.0 0.0 0.0

13.2 13.2 13.2 7.9 0.0 1.8 5.3 0.0 0.0 0.0 0.0 0.0

13.6 13.6 13.6 8.7 0.0 1.6 5.0 0.0 0.0 0.0 0.0 0.0

17.4 17.4 17.4 9.7 0.0 1.8 7.7 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2.1 2.1 2.1 1.3 0.0 0.2 0.8 0.0 0.0 0.0 0.0 0.0

2.0 2.0 2.0 0.9 0.0 0.3 1.1 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 1.4 0.0 0.4 0.8 0.0 0.0 0.0 0.0 0.0

3.7 3.7 3.7 2.7 0.0 1.0 1.0 0.0 0.0 0.0 0.0 0.0

4.9 4.9 4.9 3.9 0.0 0.8 1.1 0.0 0.0 0.0 0.0 0.0

6.5 6.5 6.5 4.6 0.0 1.1 1.9 0.0 0.0 0.0 0.0 0.0

7.2 7.2 7.2 5.2 0.0 1.3 2.0 0.0 0.0 0.0 0.0 0.0

7.6 7.6 7.6 5.0 0.0 1.1 2.6 0.0 0.0 0.0 0.0 0.0

24.0 18.0

14.8 9.2

-9.6 0.7

-13.0 14.7

45.0 28.4

205.1 23.0

27.8 34.1

67.7 51.6

0.0 0.0 0.0

0.0 0.0 0.0

2.1 0.0 0.0

0.0 0.6 0.0

0.0 2.1 0.0

0.0 0.0 0.0

58.2 0.0 0.0

8.7 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

29.9 8.7

31.5 9.0

49.6 10.0

29.3 9.2

26.7 8.9

26.9 8.5

30.7 8.0

31.1 7.5

2.9 0.2

2.9 0.1

2.8 0.1

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

Notes: Data on long-term public and publicly guaranteed debt include the effects of Paris Club debt restructuring agreement signed in 2008.

121


DOMINICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

88.0 80.2 80.2 0.0 5.7 2.0 0.0

103.3 94.9 94.9 0.0 1.7 6.7 0.2

164.8 145.8 145.8 0.0 0.0 19.0 0.0

273.7 221.6 221.6 0.0 11.6 40.6 8.6

253.5 217.5 217.5 0.0 14.0 22.0 11.0

289.6 214.4 214.4 0.0 12.1 63.0 14.0

297.2 199.2 199.2 0.0 15.0 83.1 17.1

251.6 192.5 192.5 0.0 19.6 39.5 19.5

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0.2 80.2 0.0 3.4

1.8 94.9 0.0 5.1

0.3 145.8 0.0 57.3

6.5 221.6 0.0 25.8

6.0 217.5 0.0 0.0

11.2 214.4 0.0 6.0

10.3 199.2 0.0 2.4

10.8 192.5 0.0 0.0

External debt flows Disbursements Long-term external debt IMF purchases

11.5 11.5 0.0

9.5 9.5 0.0

56.2 56.2 0.0

8.0 4.5 3.5

6.5 3.1 3.4

4.9 4.9 0.0

6.8 3.5 3.2

11.5 6.5 5.1

Principal repayments Long-term external debt IMF repurchases

3.8 2.5 1.4

4.4 3.6 0.9

6.7 6.7 0.0

10.0 9.6 0.4

11.0 9.4 1.6

12.7 10.3 2.5

11.1 11.1 0.0

13.1 12.4 0.8

Net flows Long-term external debt Short-term external debt

7.8 9.0 0.1

4.6 5.9 -0.5

49.7 49.5 0.2

-37.0 -5.2 -35.0

-25.5 -6.3 -21.0

30.1 -5.4 38.0

12.6 -7.6 17.0

-47.6 -5.9 -46.0

Interest payments Long-term external debt IMF charges Short-term external debt

2.0 1.6 0.2 0.2

2.4 2.0 0.0 0.4

4.1 3.0 0.0 1.1

6.2 4.6 0.2 1.5

6.8 5.5 0.2 1.1

6.6 4.9 0.1 1.6

6.2 4.3 0.2 1.7

4.7 4.0 0.1 0.6

12.9 -0.4

54.1 ..

17.6 ..

19.2 ..

25.9 ..

40.5 ..

56.5 ..

50.3 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.3 16.5 0.0 51.7

.. 1.1 13.3 0.0 60.8

.. 0.4 2.8 0.0 81.1

5.4 0.0 0.0 0.0 86.0

3.9 0.0 0.0 0.0 87.3

3.4 0.0 0.0 0.0 86.8

2.8 0.0 0.0 0.0 86.6

2.3 0.0 0.0 0.0 85.8

3.0 25.2 8.5

2.6 26.4 8.8

5.2 21.3 6.9

2.4 21.9 7.6

0.0 0.0 0.0

0.8 34.5 10.0

0.8 34.4 9.9

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1.9 9.2 2.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

161.4 93.5 13.9 142.9 5.4 -43.5 14.5

210.7 110.7 13.4 158.9 12.2 -40.2 22.1

231.8 149.2 16.3 227.1 33.0 -59.8 29.4

270.3 135.3 25.0 231.0 22.7 -76.1 49.2

300.7 150.6 25.4 220.0 7.4 -49.9 63.0

324.8 156.4 25.9 264.5 13.0 -86.9 60.5

353.7 160.5 26.1 315.7 12.5 -136.1 55.2

359.8 148.3 23.1 289.3 10.2 -123.2 75.5

94.1 54.5 6.2 2.3 65.7 16.4 1.2

93.3 49.0 6.1 6.5 62.2 21.4 1.7

110.5 71.1 7.2 11.5 50.6 17.8 1.6

202.3 101.3 12.0 14.8 46.0 18.0 2.6

168.3 84.3 11.8 8.7 47.9 24.9 3.4

185.2 89.2 12.4 21.8 41.9 20.9 2.7

185.1 84.0 10.8 27.9 39.2 18.6 2.1

169.6 69.9 12.0 15.7 46.2 30.0 3.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

122


DOMINICA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

80.2 80.2 80.2 57.8 0.0 10.4 22.4 0.1 0.0 0.1 0.0 0.0

94.9 94.9 94.9 64.3 0.0 12.2 30.6 0.0 0.0 0.0 0.0 0.0

145.8 145.8 114.2 83.4 2.4 13.6 30.8 31.6 31.6 0.0 0.0 0.0

221.6 221.6 172.0 126.0 3.9 21.7 46.0 49.6 43.4 3.7 0.0 0.0

217.5 217.5 167.8 121.4 3.3 22.5 46.4 49.6 43.4 3.7 0.0 0.0

214.4 214.4 164.8 121.2 2.5 25.4 43.6 49.6 43.4 3.7 0.0 0.0

199.2 199.2 156.5 116.5 1.8 26.5 40.0 42.7 36.5 3.7 0.0 0.0

192.5 192.5 152.4 116.4 1.2 27.5 36.1 40.1 33.9 3.7 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

11.5 11.5 11.5 8.3 0.0 0.9 3.2 0.0 0.0 0.0 0.0 0.0

9.5 9.5 9.5 3.5 0.0 0.1 6.0 0.0 0.0 0.0 0.0 0.0

56.2 56.2 25.7 19.3 0.7 -0.1 6.3 30.5 30.5 0.0 0.0 0.0

4.5 4.5 4.5 3.9 0.3 0.5 0.6 0.0 0.0 0.0 0.0 0.0

3.1 3.1 3.1 2.6 0.0 0.1 0.5 0.0 0.0 0.0 0.0 0.0

4.9 4.9 4.9 4.7 0.0 2.3 0.1 0.0 0.0 0.0 0.0 0.0

3.5 3.5 3.5 3.5 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0

6.5 6.5 6.5 4.9 0.0 1.4 1.6 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2.5 2.5 2.4 2.1 0.0 0.0 0.3 0.1 0.0 0.1 0.0 0.0

3.6 3.6 3.6 2.0 0.0 0.1 1.5 0.0 0.0 0.0 0.0 0.0

6.7 6.7 6.7 3.9 0.0 0.1 2.8 0.0 0.0 0.0 0.0 0.0

9.6 9.6 9.6 7.9 0.4 0.3 1.7 0.0 0.0 0.0 0.0 0.0

9.4 9.4 9.4 7.9 0.6 0.3 1.5 0.0 0.0 0.0 0.0 0.0

10.3 10.3 10.3 6.8 0.8 0.4 3.5 0.0 0.0 0.0 0.0 0.0

11.1 11.1 11.1 7.7 0.8 0.5 3.5 0.0 0.0 0.0 0.0 0.0

12.4 12.4 12.4 7.3 0.6 0.5 5.1 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.6 1.6 1.6 1.4 0.0 0.1 0.2 0.0 0.0 0.0 0.0 0.0

2.0 2.0 2.0 1.6 0.0 0.1 0.4 0.0 0.0 0.0 0.0 0.0

3.0 3.0 2.9 1.9 0.1 0.1 1.0 0.1 0.1 0.0 0.0 0.0

4.6 4.6 4.2 3.2 0.2 0.2 1.0 0.3 0.3 0.1 0.0 0.0

5.5 5.5 4.9 3.2 0.2 0.2 1.7 0.6 0.5 0.1 0.0 0.0

4.9 4.9 4.4 3.1 0.2 0.2 1.3 0.4 0.4 0.1 0.0 0.0

4.3 4.3 4.1 2.8 0.1 0.2 1.3 0.2 0.1 0.1 0.0 0.0

4.0 4.0 3.9 2.8 0.1 0.2 1.2 0.1 0.0 0.1 0.0 0.0

10.4 7.8

5.2 4.6

49.3 49.7

-30.7 -37.0

-20.3 -25.5

36.1 30.1

7.6 12.6

-45.6 -47.6

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

14.6 0.0 0.0

11.5 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

16.1 3.1

10.4 2.7

7.1 2.4

7.0 2.3

6.7 2.1

6.8 1.9

6.5 1.8

6.1 1.7

4.1 2.9

0.0 2.8

0.0 2.8

0.0 2.8

30.6 2.8

0.0 0.0

0.0 0.0

0.0 0.0

123


DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

4,372 3,518 3,419 99 72 782 506

4,447 3,672 3,653 19 160 616 214

4,541 3,311 3,311 0 52 1,178 28

7,075 5,774 5,772 2 400 901 20

8,556 6,637 6,223 414 459 1,460 9

10,144 7,120 6,275 845 548 2,476 9

10,121 7,691 6,848 843 492 1,938 3

11,003 8,557 7,714 843 767 1,679 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

614 3,391 127 204

320 3,626 46 167

56 3,299 13 469

145 5,765 9 811

33 6,217 420 1,336

14 6,270 851 343

16 6,843 848 957

1 7,710 847 2,934

External debt flows Disbursements Long-term external debt IMF purchases

138 138 0

195 195 0

303 303 0

894 674 220

1,701 1,560 142

1,427 1,250 177

1,420 1,298 122

1,656 1,348 308

Principal repayments Long-term external debt IMF repurchases

146 88 58

234 200 34

257 257 0

762 762 0

1,023 918 105

928 814 114

864 699 164

818 770 47

Net flows Long-term external debt Short-term external debt

15 50 23

105 -5 143

311 46 265

97 -87 -36

1,248 641 570

1,516 437 1,016

24 599 -532

582 577 -256

Interest payments Long-term external debt IMF charges Short-term external debt

86 59 9 19

175 145 10 20

263 211 3 50

248 211 9 27

320 255 22 42

454 328 26 100

548 446 24 78

509 429 7 72

133 0

414 ..

953 ..

1,123 0

1,085 0

1,667 0

2,870 0

2,067 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.4 0.0 0.0 68.4

.. 7.7 0.0 0.0 63.7

.. 5.0 0.0 0.0 73.8

2.8 2.8 0.0 0.0 86.9

3.4 2.1 0.0 0.0 88.0

6.2 1.8 0.0 0.0 86.0

7.7 2.0 0.0 0.0 85.4

8.7 1.9 0.0 0.0 85.4

5.8 24.9 6.4

6.6 20.2 5.2

6.5 13.6 1.8

1.7 21.5 4.1

4.2 21.2 4.6

3.7 21.2 4.1

2.4 23.2 3.3

2.5 17.1 4.9

9.8 9.1 4.6

8.4 9.5 2.0

6.5 10.3 2.7

3.2 4.0 1.2

6.4 13.8 8.5

6.5 9.2 2.2

6.0 7.1 2.6

4.8 10.7 3.0

6,759 1,918 315 2,568 90 -280 69

15,589 5,859 839 7,034 624 -183 373

22,955 9,264 1,839 12,193 1,068 -1,027 632

32,102 10,498 2,719 13,668 1,765 -473 1,853

34,100 11,877 3,084 16,309 1,932 -1,288 2,127

39,236 12,766 3,427 18,263 2,194 -2,096 2,562

43,726 12,569 3,556 20,438 1,669 -4,437 2,288

44,715 10,918 3,477 16,382 1,577 .. 2,905

228.0 64.7 12.1 17.9 19.6 1.6 0.3

75.9 28.5 7.0 13.8 23.2 8.4 0.6

49.0 19.8 5.6 25.9 24.9 13.9 0.6

67.4 22.0 9.6 12.7 25.5 26.2 1.6

72.0 25.1 11.3 17.1 22.2 24.9 1.6

79.5 25.9 10.8 24.4 18.6 25.3 1.7

80.5 23.1 11.2 19.1 18.6 22.6 1.3

100.8 24.6 12.1 15.3 23.7 26.4 2.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

124


DOMINICAN REPUBLIC (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,518 3,419 2,383 858 238 20 1,525 1,036 0 775 99 0

3,672 3,653 2,996 1,033 282 17 1,962 657 520 33 19 0

3,311 3,311 2,565 1,132 292 14 1,433 746 506 121 0 0

5,774 5,772 3,146 1,807 405 11 1,339 2,627 1,147 983 2 0

6,637 6,223 3,497 1,901 438 10 1,596 2,727 1,452 1,109 414 412

7,120 6,275 3,626 1,886 472 9 1,741 2,649 1,326 1,196 845 844

7,691 6,848 4,341 1,883 449 9 2,458 2,506 1,201 1,213 843 843

8,557 7,714 5,265 2,608 748 8 2,657 2,449 1,076 1,295 843 843

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

138 138 136 84 39 0 53 2 0 0 0 0

195 195 187 157 36 0 30 8 0 8 0 0

303 303 147 100 39 0 46 156 0 90 0 0

674 673 402 199 64 0 204 271 0 227 2 0

1,560 1,148 613 187 67 0 426 534 324 193 412 412

1,250 820 454 184 73 0 270 366 0 357 431 431

1,298 1,298 1,010 213 20 0 797 288 0 285 0 0

1,348 1,348 1,254 904 352 0 350 94 0 90 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

88 83 83 38 19 0 44 0 0 0 5 0

200 184 161 79 40 1 82 23 0 3 16 0

257 257 217 63 21 1 154 40 4 18 0 0

762 762 171 110 38 1 61 591 336 162 0 0

918 918 373 113 34 1 261 545 20 174 0 0

814 813 353 215 39 1 137 460 125 291 0 0

699 699 294 215 43 1 80 404 125 243 1 0

770 770 338 191 54 1 147 432 125 289 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

59 56 55 32 14 0 23 1 0 0 3 0

145 143 120 51 20 0 69 23 13 3 2 0

211 211 158 58 22 0 100 53 38 7 0 0

211 211 108 82 21 0 26 103 16 38 0 0

255 253 142 90 23 0 52 112 45 56 2 2

328 271 147 98 25 0 50 123 56 61 57 57

446 338 136 87 24 0 48 202 125 70 108 108

429 321 148 83 22 0 65 173 113 56 108 108

334 15

173 105

-145 311

-52 97

1,481 1,248

1,588 1,516

-23 24

882 582

7 7 0

2 0 0

0 1 0

1,209 0 316

203 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

622 122

462 128

485 121

643 113

810 92

451 71

425 62

370 54

658 247

457 240

790 200

614 147

279 126

204 119

171 111

110 108

Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2005. Long-term private nonguaranteed debt data only cover Inter-American Development Bank and Bonds.

125


ECUADOR (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

12,107 10,029 9,865 164 265 1,814 1,522

13,877 12,391 11,951 440 173 1,312 12

13,254 12,310 10,875 1,435 148 797 3

17,316 15,519 10,850 4,668 78 1,719 1

17,296 15,284 10,304 4,980 23 1,990 0

17,787 15,893 10,710 5,183 0 1,894 0

17,349 15,685 10,043 5,642 0 1,664 31

12,930 11,511 6,910 4,600 0 1,419 37

1,096 9,865 164 642

10 11,951 440 1,162

6 10,875 1,435 404

5 10,850 4,668 1,328

0 10,304 4,980 1,303

0 10,705 5,188 1,238

1 10,026 5,659 17

1 6,884 4,626 162

External debt flows Disbursements Long-term external debt IMF purchases

638 606 32

1,028 1,028 0

1,125 976 150

3,154 3,154 0

2,638 2,638 0

3,039 3,039 0

1,776 1,776 0

1,363 1,363 0

Principal repayments Long-term external debt IMF repurchases

610 495 115

750 721 29

1,065 1,065 0

3,242 3,047 195

2,935 2,877 58

2,362 2,339 23

1,704 1,704 0

5,465 5,465 0

Net flows Long-term external debt Short-term external debt

0 110 -28

-173 307 -451

-194 -89 -254

-234 106 -145

-27 -239 271

581 700 -95

-189 72 -261

-4,353 -4,103 -251

Interest payments Long-term external debt IMF charges Short-term external debt

474 416 30 28

656 565 10 81

813 708 4 102

957 842 7 107

1,271 1,175 3 93

1,325 1,227 1 97

1,009 926 0 84

903 848 0 55

126 0

452 13

-23 0

493 2

271 0

194 0

1,001 1

316 2

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.9 1.6 0.5 54.5

.. 4.1 0.7 0.0 71.2

.. 4.5 0.8 0.0 83.3

3.4 3.5 0.7 0.0 87.4

3.5 3.4 0.8 0.0 87.7

3.4 3.1 0.7 0.0 88.7

3.0 2.6 0.5 0.0 90.0

4.1 3.3 0.8 0.0 86.7

5.2 22.2 6.0

6.2 16.4 6.0

6.9 17.2 5.2

6.6 8.1 2.9

6.7 16.7 4.5

5.4 20.9 4.2

3.3 18.7 2.2

3.3 23.0 5.6

8.6 8.7 1.0

7.9 12.0 2.5

7.5 9.9 2.5

9.3 10.0 9.8

6.0 10.7 1.9

0.0 0.0 0.0

6.3 12.6 3.1

0.0 0.0 0.0

9,145 3,287 51 3,754 125 -360 1,009

19,281 5,295 386 6,736 144 -1,000 1,788

14,530 5,976 1,322 6,403 329 926 1,179

35,245 11,566 2,460 13,880 1,004 347 2,148

39,813 14,378 2,934 15,863 977 1,618 2,026

43,742 16,329 3,094 17,924 1,160 1,650 3,521

53,078 20,647 2,828 22,515 787 1,120 4,473

55,572 15,607 2,502 18,372 822 .. 3,792

368.3 132.4 33.0 15.0 17.6 8.3 3.2

262.1 72.0 26.6 9.5 21.9 12.9 3.2

221.8 91.2 31.4 6.0 27.7 8.9 2.2

149.7 49.1 36.3 9.9 20.8 12.4 1.9

120.3 43.4 29.3 11.5 23.1 11.7 1.5

108.9 40.7 22.6 10.7 26.1 19.8 2.4

84.0 32.7 13.1 9.6 24.7 25.8 2.4

82.8 23.3 40.8 11.0 33.5 29.3 2.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

126


ECUADOR (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

10,029 9,865 4,065 2,127 816 32 1,938 5,800 0 4,899 164 0

12,391 11,951 5,210 3,044 1,082 26 2,165 6,742 5,999 385 440 10

12,310 10,875 5,881 3,670 840 21 2,212 4,993 3,950 910 1,435 0

15,519 10,850 5,948 3,609 799 15 2,339 4,902 4,600 241 4,668 0

15,284 10,304 6,136 3,988 746 14 2,147 4,168 3,860 212 4,980 0

15,893 10,710 6,582 4,649 684 13 1,934 4,128 3,860 194 5,183 0

15,685 10,043 5,955 4,283 612 12 1,672 4,088 3,860 163 5,642 0

11,511 6,910 5,845 4,336 532 11 1,509 1,065 873 134 4,600 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

606 575 329 227 47 0 101 246 0 39 30 0

1,028 818 733 593 319 0 141 85 0 57 210 10

976 595 524 446 69 0 78 71 0 71 381 0

3,154 991 318 316 39 0 2 674 650 24 2,162 0

2,638 928 844 840 21 0 4 83 0 22 1,710 0

3,039 1,347 1,323 1,314 8 0 9 24 0 24 1,691 0

1,776 353 343 339 5 0 5 10 0 10 1,423 0

1,363 384 382 377 0 0 5 2 0 2 979 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

495 470 276 164 41 1 112 194 0 27 25 0

721 711 486 235 98 1 252 225 10 59 10 0

1,065 548 397 324 89 1 73 151 0 119 517 0

3,047 922 802 409 74 1 393 120 0 101 2,125 0

2,877 1,585 772 481 74 1 291 813 740 51 1,292 0

2,339 1,028 963 685 70 1 277 65 0 42 1,311 0

1,704 962 914 733 77 1 180 49 0 41 741 0

5,465 3,526 501 321 81 1 180 3,025 2,987 31 1,939 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

416 404 212 140 62 0 72 191 0 134 12 0

565 563 321 173 69 0 148 242 147 50 1 0

708 535 295 264 74 0 31 240 140 89 172 0

842 657 275 171 32 0 104 383 367 12 185 0

1,175 749 317 220 40 0 97 432 410 16 426 0

1,227 736 327 238 42 0 89 409 392 10 492 0

926 655 310 246 33 0 64 345 331 9 270 0

848 329 226 177 23 0 49 103 91 7 519 0

791 0

-1,084 -173

-2,740 -194

-133 -234

-19 -27

491 581

-438 -189

-4,419 -4,353

249 46 0

5,818 1,180 0

4,674 2,522 0

0 2 0

0 1 0

0 4 0

0 3 0

0 5 2,987

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

564 180

531 160

542 141

520 123

511 106

457 91

430 77

404 63

1,037 341

859 291

649 297

304 215

267 187

926 167

227 84

225 84

Notes: Short-term debt is based on reports provided by Central Bank.

127


EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

32,992 28,414 27,414 1,000 125 4,453 1,441

33,475 31,000 30,687 313 103 2,372 4

29,016 24,912 24,339 573 0 4,104 0

30,266 28,610 28,517 93 0 1,656 2

30,657 28,937 28,856 81 0 1,720 1

34,120 31,884 31,864 21 0 2,236 1

33,417 30,574 30,494 80 0 2,842 0

33,257 30,696 30,622 74 0 2,561 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

3,542 27,393 1,021 1,223

148 30,684 316 207

14 24,337 574 1,034

8 28,231 379 3,053

2 28,417 520 2,472

2 31,258 626 1,437

2 29,960 614 2,183

2 30,182 514 1,832

External debt flows Disbursements Long-term external debt IMF purchases

1,951 1,951 0

642 642 0

575 575 0

2,998 2,998 0

763 763 0

3,139 3,139 0

1,122 1,122 0

1,977 1,977 0

Principal repayments Long-term external debt IMF repurchases

1,750 1,704 47

988 894 94

1,100 1,100 0

1,571 1,571 0

1,628 1,628 0

2,031 2,031 0

2,310 2,310 0

2,071 2,071 0

Net flows Long-term external debt Short-term external debt

-1,301 248 -1,502

92 -251 438

-714 -525 -189

1,364 1,428 -64

-801 -866 65

1,623 1,107 516

-582 -1,189 607

-376 -95 -281

Interest payments Long-term external debt IMF charges Short-term external debt

1,322 1,007 14 301

1,393 1,252 9 132

733 619 0 113

699 617 0 83

840 744 0 96

907 795 0 112

935 822 0 113

870 768 0 102

734 0

598 0

1,235 269

5,376 729

10,043 502

11,578 -3,199

9,495 -674

6,712 393

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 8.2 2.5 3.0 41.9

.. 13.1 1.4 2.7 34.5

.. 13.8 1.2 2.1 39.8

32.5 12.6 1.9 1.8 38.0

35.0 12.2 2.0 1.9 35.8

35.4 10.7 1.8 1.7 36.0

34.3 13.3 1.3 1.8 35.1

35.3 12.7 1.3 1.7 34.1

4.7 28.6 7.5

3.1 22.0 6.6

4.6 21.6 5.6

5.2 18.8 7.6

4.4 21.4 7.4

2.2 16.5 6.5

3.1 20.9 5.6

1.6 23.2 6.7

8.4 11.5 3.4

6.5 4.3 2.4

5.8 4.3 3.1

4.4 7.6 7.1

2.2 5.3 3.1

6.4 6.6 4.8

1.0 3.3 2.5

0.0 0.0 0.0

42,025 10,752 4,284 15,969 14 2,327 3,620

60,038 14,838 3,226 19,123 228 -254 17,122

100,838 18,735 2,852 23,878 92 -971 13,785

89,474 32,141 5,017 35,787 647 2,103 21,857

108,015 39,241 5,330 42,375 915 2,635 26,007

131,650 47,707 7,656 55,618 1,015 412 32,214

164,178 57,826 8,694 68,999 680 -1,415 34,331

188,496 45,601 7,150 56,910 2,101 -3,349 34,897

306.9 78.5 28.6 13.5 10.3 11.0 2.7

225.6 55.8 16.0 7.1 12.0 51.1 10.7

154.9 28.8 9.8 14.1 13.5 47.5 6.9

94.2 33.8 7.1 5.5 17.0 72.2 7.3

78.1 28.4 6.3 5.6 18.3 84.8 7.4

71.5 25.9 6.2 6.6 22.1 94.4 7.0

57.8 20.4 5.6 8.5 22.4 102.7 6.0

72.9 17.6 6.5 7.7 25.3 104.9 7.4

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

128


EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

28,414 27,414 21,165 3,403 1,480 921 17,763 6,249 0 731 1,000 0

31,000 30,687 28,934 4,022 1,320 1,035 24,912 1,753 0 560 313 0

24,912 24,339 23,799 3,921 639 1,266 19,879 540 0 317 573 100

28,610 28,517 25,743 5,143 492 1,420 20,600 2,774 1,829 798 93 0

28,937 28,856 26,525 5,599 544 1,481 20,926 2,331 1,576 621 81 0

31,884 31,864 28,894 7,541 1,181 1,490 21,353 2,970 2,199 665 21 0

30,574 30,494 27,906 7,498 1,255 1,444 20,408 2,588 2,184 314 80 0

30,696 30,622 28,328 8,413 1,850 1,400 19,915 2,293 1,883 325 74 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,951 1,900 1,198 269 92 8 929 703 0 175 51 0

642 642 602 392 42 83 209 40 0 31 0 0

575 368 223 174 6 49 50 144 0 132 207 0

2,998 2,998 1,040 874 97 69 166 1,958 1,250 707 0 0

763 763 701 576 108 57 125 62 0 60 0 0

3,139 3,138 2,401 2,265 723 13 136 737 643 82 0 0

1,122 1,052 954 711 143 11 244 97 0 93 70 0

1,977 1,968 1,879 1,465 684 2 414 89 0 89 9 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,704 1,572 884 282 176 7 603 687 1 34 132 0

894 832 542 310 198 14 232 290 0 91 62 0

1,100 984 863 298 87 23 564 121 0 57 116 0

1,571 1,571 1,344 425 77 41 919 227 0 201 0 0

1,628 1,628 1,357 371 66 42 985 271 0 254 1 0

2,031 1,970 1,874 674 97 47 1,200 96 0 49 61 0

2,310 2,300 1,831 572 77 50 1,259 469 0 437 11 0

2,071 2,052 1,941 619 89 52 1,322 111 0 85 20 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,007 918 719 184 138 7 535 199 0 48 89 0

1,252 1,228 1,121 232 114 7 889 106 0 44 24 0

619 603 573 147 41 9 425 31 0 16 16 12

617 612 545 136 21 11 409 68 51 12 4 0

744 725 581 174 27 11 406 145 106 35 19 0

795 793 673 229 47 11 444 120 84 34 2 0

822 819 706 260 58 11 446 112 85 24 3 0

768 766 645 232 55 10 413 120 112 7 2 0

-12,667 -1,301

976 92

-1,869 -714

-858 1,364

391 -801

3,463 1,623

-704 -582

-159 -376

0 13,057 0

309 54 0

22 25 0

1 0 0

1 0 0

1 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

2,850 641

2,960 584

3,629 529

3,279 466

2,954 401

2,772 340

2,648 289

1,445 247

102 121

103 121

761 120

58 63

55 62

1,303 61

50 3

39 2

Notes: Short-term debt is based on the Central Bank data from 2001. Data on long-term private nonguaranteed debt are revised based on reports provided by the country.

129


EL SALVADOR (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,145 1,935 1,909 26 0 210 7

2,509 1,984 1,979 5 0 525 3

4,467 2,822 2,710 111 0 1,645 0

8,984 7,409 4,786 2,622 0 1,575 0

9,842 8,878 5,589 3,289 0 964 0

9,516 8,515 5,435 3,079 0 1,001 0

10,111 9,059 5,743 3,316 0 1,052 0

11,384 9,270 6,131 3,139 0 2,114 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

6 1,901 34 131

6 1,972 11 832

0 2,705 117 347

0 4,782 2,626 693

0 5,585 3,293 1,146

0 5,432 3,083 251

0 5,739 3,319 1,068

0 6,128 3,142 810

External debt flows Disbursements Long-term external debt IMF purchases

108 108 0

206 206 0

371 371 0

1,222 1,222 0

1,643 1,643 0

251 251 0

1,042 1,042 0

1,217 1,217 0

Principal repayments Long-term external debt IMF repurchases

124 118 5

160 160 0

157 157 0

405 405 0

671 671 0

550 550 0

488 488 0

685 685 0

Net flows Long-term external debt Short-term external debt

2 -11 18

383 46 337

807 214 592

613 817 -205

361 972 -611

-262 -299 37

605 554 51

1,594 532 1,062

Interest payments Long-term external debt IMF charges Short-term external debt

84 75 0 9

120 98 0 22

212 139 0 73

445 344 0 101

519 464 0 55

505 466 0 39

515 484 0 31

539 477 0 62

2 0

38 0

173 0

511 0

241 0

1,508 0

784 0

431 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.3 0.0 0.0 56.5

.. 1.8 0.0 0.0 46.7

.. 6.7 0.0 0.0 68.3

3.5 4.9 0.0 0.0 81.5

3.3 4.3 0.0 0.0 84.1

3.8 4.7 0.0 0.0 83.2

3.4 5.9 0.0 0.0 83.5

3.2 5.2 0.0 0.0 85.3

3.2 35.6 8.8

6.5 22.3 5.2

7.2 18.6 4.0

5.1 18.6 2.2

6.0 18.0 4.0

5.6 21.9 3.3

5.5 10.7 3.3

2.3 24.6 4.9

10.4 5.0 0.5

6.1 26.3 5.8

9.6 9.2 2.3

7.7 30.4 30.4

7.6 27.9 27.9

0.0 0.0 0.0

4.1 2.0 2.0

0.0 0.0 0.0

4,801 1,003 366 1,785 31 -152 595

9,500 2,094 1,064 3,744 0 -262 940

13,134 3,803 1,765 6,031 60 -431 1,901

17,070 4,749 3,030 8,352 181 -569 1,890

18,654 5,419 3,485 9,562 91 -671 1,963

19,797 5,820 3,712 10,753 172 -1,183 2,304

21,579 6,343 3,804 11,771 73 -1,596 2,646

20,978 4,856 3,480 7,966 .. .. 3,122

213.9 44.7 20.7 9.8 36.6 27.8 4.0

119.8 26.4 13.4 20.9 54.7 37.5 3.0

117.5 34.0 9.7 36.8 42.5 42.6 3.8

189.2 52.6 17.9 17.5 27.1 21.0 2.7

181.6 52.8 22.0 9.8 25.5 19.9 2.5

163.5 48.1 18.1 10.5 26.3 24.2 2.6

159.4 46.9 15.8 10.4 27.4 26.2 2.7

234.4 54.3 25.2 18.6 28.1 27.4 4.7

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

130


EL SALVADOR (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,935 1,909 1,725 784 140 23 941 184 0 127 26 0

1,984 1,979 1,870 1,374 307 20 496 109 0 74 5 0

2,822 2,710 2,505 1,900 309 16 605 205 82 102 111 0

7,409 4,786 3,067 2,431 436 12 636 1,719 1,636 58 2,622 0

8,878 5,589 3,141 2,507 417 11 633 2,448 2,344 78 3,289 0

8,515 5,435 3,160 2,507 401 10 653 2,275 2,242 5 3,079 0

9,059 5,743 3,475 2,770 400 9 705 2,267 2,174 68 3,316 0

9,270 6,131 3,867 3,200 569 9 667 2,264 2,174 66 3,139 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

108 108 77 44 2 0 33 30 0 25 0 0

206 206 201 165 26 0 35 5 0 5 0 0

371 321 200 159 34 0 41 120 32 87 51 0

1,222 682 337 308 129 0 28 345 343 0 540 0

1,643 998 373 347 25 0 25 625 625 0 645 0

251 251 250 226 35 0 24 0 0 0 0 0

1,042 666 601 563 52 0 38 65 0 65 376 0

1,217 911 911 905 228 0 7 0 0 0 306 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

118 105 94 57 15 1 37 11 0 9 14 0

160 157 123 78 21 1 45 33 0 25 3 0

157 124 120 87 17 1 33 4 0 4 33 0

405 244 228 184 40 1 44 16 0 14 160 0

671 457 330 287 44 1 43 127 121 5 214 0

550 340 280 241 51 1 39 60 30 28 210 0

488 349 346 305 53 1 41 4 0 2 139 0

685 557 554 508 59 1 45 4 0 2 127 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

75 72 62 50 14 0 13 9 0 8 3 0

98 98 89 62 22 0 27 9 0 7 0 0

139 132 123 103 24 0 19 9 8 1 7 0

344 257 118 101 14 0 17 139 133 6 87 0

464 334 126 111 22 0 16 207 206 1 131 0

466 348 137 123 24 0 14 211 209 2 117 0

484 368 136 121 19 0 15 232 232 0 116 0

477 375 141 125 16 0 15 235 232 3 102 0

65 2

412 383

778 807

467 613

859 361

-327 -262

595 605

1,273 1,594

84 0 0

0 0 0

0 17 0

0 0 0

0 0 0

0 0 0

0 3 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

388 143

319 130

299 118

262 106

267 95

266 85

253 75

245 65

872 282

936 247

431 209

347 193

262 181

220 171

178 163

178 162

Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates based on Balance of Payments reported by the country from 2005.

131


ERITREA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

37 37 37 0 0 0 0

300 298 298 0 0 2 2

725 723 723 0 0 2 2

785 781 781 0 0 4 4

860 856 856 0 0 4 4

961 957 957 0 0 4 4

1,019 1,013 1,013 0 0 6 6

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

0 37 0 111

5 298 0 174

14 723 0 0

21 781 0 39

18 856 0 46

8 957 0 80

13 1,013 0 49

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

7 7 0

51 51 0

71 71 0

38 38 0

42 42 0

105 105 0

58 58 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

0 0 0

0 0 0

12 12 0

6 6 0

2 2 0

7 7 0

11 11 0

Net flows Long-term external debt Short-term external debt

.. .. ..

7 7 0

50 50 0

59 59 0

32 32 0

40 40 0

98 98 0

46 46 0

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

0 0 0 0

2 2 0 0

8 8 0 0

6 6 0 0

4 4 0 0

9 9 0 0

10 10 0 0

.. ..

.. ..

28 ..

-1 ..

0 ..

0 ..

0 ..

0 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 0.0 0.0 0.0 66.3

.. 0.0 0.0 0.0 57.0

5.3 0.0 0.0 0.0 68.5

5.4 0.0 0.0 0.0 68.1

5.5 0.0 0.0 0.0 67.9

4.7 0.0 0.0 0.0 66.6

4.4 0.0 0.0 0.0 67.8

.. .. ..

2.0 23.9 5.6

0.7 39.7 10.4

0.0 0.0 0.0

2.0 22.9 6.3

2.0 17.6 3.1

5.5 5.5 3.0

1.7 18.2 5.0

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

586 142 .. 498 .. -31 40

634 107 3 510 4 -105 36

1,162 .. .. .. .. .. 28

1,272 .. .. .. .. .. 25

1,365 .. .. 474 .. .. 34

1,641 .. .. .. .. .. 58

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

25.8 6.3 0.1 .. 66.3 110.4 1.0

280.7 47.3 2.8 0.7 50.6 12.0 0.8

.. 62.4 .. 0.2 70.4 3.9 ..

.. 61.7 .. 0.5 71.5 3.2 ..

.. 63.0 .. 0.5 71.3 4.0 0.9

.. 58.6 .. 0.5 66.9 6.0 ..

.. .. .. 0.6 64.5 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

132


ERITREA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

37 37 37 24 0 24 12 0 0 0 0 0

298 298 298 152 0 84 146 0 0 0 0 0

723 723 690 510 0 381 180 33 0 0 0 0

781 781 745 562 0 419 183 37 0 0 0 0

856 856 815 613 0 457 201 41 0 0 0 0

957 957 917 644 0 473 274 40 0 0 0 0

1,013 1,013 972 658 0 477 315 41 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

7 7 7 5 0 5 2 0 0 0 0 0

51 51 51 39 0 32 12 0 0 0 0 0

71 71 71 70 0 57 1 0 0 0 0 0

38 38 37 33 0 20 4 0 0 0 0 0

42 42 42 28 0 21 14 0 0 0 0 0

105 105 104 32 0 23 72 1 0 0 0 0

58 58 58 12 0 4 46 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

12 12 12 7 0 1 5 0 0 0 0 0

6 6 6 4 0 1 2 0 0 0 0 0

2 2 2 1 0 1 0 0 0 0 0 0

7 7 7 5 0 3 1 0 0 0 0 0

11 11 11 7 0 3 4 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

2 2 2 1 0 0 1 0 0 0 0 0

8 8 8 6 0 3 3 0 0 0 0 0

6 6 6 5 0 4 1 0 0 0 0 0

4 4 4 4 0 3 0 0 0 0 0 0

9 9 9 5 0 3 4 0 0 0 0 0

10 10 10 5 0 3 5 0 0 0 0 0

.. ..

8 7

47 50

19 59

60 32

75 40

102 98

57 46

.. .. ..

0 0 0

0 0 0

0 0 0

0 0 0

17 0 0

21 0 0

5 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

40 12

67 12

68 11

67 9

43 8

37 7

34 7

35 7

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

133


ETHIOPIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

8,645 8,493 8,493 0 6 145 43

10,322 9,788 9,788 0 73 460 437

5,495 5,339 5,339 0 77 79 65

6,208 5,928 5,928 0 160 120 36

2,277 2,201 2,201 0 0 76 36

2,620 2,571 2,571 0 0 49 32

2,879 2,829 2,829 0 0 50 32

5,025 4,812 4,812 0 168 45 32

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

236 8,492 1 580

3,628 9,788 0 170

652 5,339 0 500

508 5,928 0 748

374 2,201 0 1,904

373 2,571 0 992

373 2,829 0 1,065

373 4,812 0 1,445

External debt flows Disbursements Long-term external debt IMF purchases

374 374 0

232 232 0

185 185 0

527 527 0

370 370 0

380 380 0

379 379 0

2,308 2,143 165

Principal repayments Long-term external debt IMF repurchases

177 152 25

92 92 0

85 72 13

40 36 4

89 89 0

88 88 0

72 72 0

62 62 0

Net flows Long-term external debt Short-term external debt

203 222 7

133 140 -8

90 114 -11

478 491 -9

237 281 -44

269 292 -23

309 307 1

2,242 2,081 -5

Interest payments Long-term external debt IMF charges Short-term external debt

59 49 2 8

63 61 0 1

53 52 0 1

54 49 1 3

49 47 0 3

45 44 0 1

40 39 0 1

41 40 0 1

.. 0

14 ..

135 ..

265 0

545 0

222 0

109 0

94 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.5 0.3 0.1 24.2

.. 0.4 0.2 0.1 29.0

.. 0.3 0.3 0.1 75.8

5.6 0.2 0.0 0.0 72.4

14.9 0.1 0.0 0.0 63.6

17.5 0.1 0.0 0.0 58.2

16.9 0.1 0.0 0.0 55.1

8.5 0.0 0.0 0.0 68.7

1.9 32.7 7.9

1.0 36.3 9.3

0.8 38.4 10.0

0.9 32.3 6.3

1.1 34.9 8.9

0.9 39.5 9.6

2.9 27.4 6.9

1.3 31.4 8.7

9.8 14.1 0.4

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

6.4 16.8 3.3

5.2 7.5 2.9

5.1 6.3 2.6

3.9 11.4 2.6

12,016 606 5 1,349 0 -294 55

7,545 836 27 1,533 0 39 815

8,119 1,008 53 1,673 9 13 363

12,269 1,973 174 4,943 21 -1,568 1,043

15,124 2,254 172 5,314 24 -1,786 867

19,196 2,729 358 6,945 18 -828 1,290

25,931 3,552 387 9,653 17 -1,806 871

28,500 3,370 301 9,271 .. .. 1,781

1,427.1 71.9 39.0 1.7 14.8 0.6 0.5

1,234.8 136.8 18.5 4.5 22.8 7.9 6.4

544.9 67.7 13.7 1.4 50.1 6.6 2.6

314.7 50.6 4.7 1.9 75.8 16.8 2.5

101.0 15.1 6.2 3.3 47.5 38.1 2.0

96.0 13.6 4.9 1.9 52.5 49.2 2.2

81.1 11.1 3.1 1.7 55.7 30.2 1.1

149.1 17.6 3.1 0.9 46.0 35.4 2.3

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

134


ETHIOPIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

8,493 8,493 7,920 1,283 27 824 6,637 573 0 116 0 0

9,788 9,788 9,198 2,354 0 1,470 6,844 590 0 253 0 0

5,339 5,339 5,226 2,752 0 1,779 2,473 113 0 12 0 0

5,928 5,928 5,564 4,703 0 3,359 861 364 0 1 0 0

2,201 2,201 1,885 1,082 0 553 803 316 0 0 0 0

2,571 2,571 2,299 1,376 0 711 923 272 0 0 0 0

2,829 2,829 2,590 1,603 0 859 987 239 0 0 0 0

4,812 4,812 3,553 2,310 0 1,422 1,243 1,259 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

374 374 324 139 0 74 185 51 0 0 0 0

232 232 232 209 0 84 23 0 0 0 0 0

185 185 184 181 0 137 3 2 0 0 0 0

527 527 400 323 0 162 76 127 0 0 0 0

370 370 370 290 0 179 80 0 0 0 0 0

380 380 380 272 0 132 108 0 0 0 0 0

379 379 379 285 0 160 95 0 0 0 0 0

2,143 2,143 1,096 755 0 553 341 1,046 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

152 152 45 16 7 4 29 107 0 45 0 0

92 92 44 40 4 12 3 48 0 39 0 0

72 72 62 56 0 21 6 10 0 4 0 0

36 36 25 15 0 0 10 11 0 0 0 0

89 89 44 34 0 0 10 45 0 1 0 0

88 88 44 34 0 0 9 44 0 0 0 0

72 72 39 30 0 3 8 33 0 0 0 0

62 62 34 28 0 4 6 27 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

49 49 24 13 2 6 11 24 0 11 0 0

61 61 32 24 0 11 9 29 0 27 0 0

52 52 48 34 0 13 14 4 0 1 0 0

49 49 40 29 0 15 11 10 0 0 0 0

47 47 30 25 0 9 5 17 0 0 0 0

44 44 29 17 0 6 12 15 0 0 0 0

39 39 27 19 0 7 8 11 0 0 0 0

40 40 32 19 0 8 14 8 0 0 0 0

790 203

244 133

-62 90

-455 478

-3,931 237

343 269

259 309

2,146 2,242

0 66 0

30 8 0

0 0 0

168 452 0

0 4,357 0

0 13 0

0 31 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

84 51

106 56

115 59

137 61

168 61

177 60

184 58

223 55

345 25

169 28

162 27

158 23

152 22

145 19

127 16

124 14

Notes: Ethiopia was granted debt relief effective in 2006 under MDRI.

135


FIJI (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

308.4 296.4 296.4 0.0 0.0 12.0 0.0

178.2 163.2 163.2 0.0 0.0 15.0 0.1

172.6 172.4 172.4 0.0 0.0 0.2 0.2

185.7 185.4 185.4 0.0 0.0 0.4 0.4

354.2 342.2 342.2 0.0 0.0 12.0 1.0

347.3 347.0 347.0 0.0 0.0 0.3 0.3

379.9 360.5 360.1 0.4 0.0 19.4 0.4

431.7 361.6 361.0 0.5 0.0 70.1 0.1

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0.0 296.4 0.0 30.0

0.0 163.2 0.0 10.5

0.0 99.5 72.9 0.0

0.0 112.5 72.9 25.0

2.0 269.3 72.9 170.7

1.5 274.1 72.9 0.0

2.2 287.2 73.3 0.0

0.0 288.1 73.4 17.6

External debt flows Disbursements Long-term external debt IMF purchases

15.1 15.1 0.0

15.2 15.2 0.0

7.1 7.1 0.0

14.1 14.1 0.0

162.8 162.8 0.0

12.6 12.6 0.0

13.4 13.4 0.0

15.2 15.2 0.0

Principal repayments Long-term external debt IMF repurchases

55.5 54.6 0.8

31.2 31.2 0.0

16.9 16.9 0.0

8.5 8.5 0.0

7.6 7.6 0.0

10.4 10.4 0.0

7.8 7.8 0.0

9.8 9.8 0.0

Net flows Long-term external debt Short-term external debt

-42.3 -39.5 -2.0

-17.1 -16.0 -1.1

-9.8 -9.8 0.0

-47.5 5.5 -53.0

166.2 155.2 11.0

-8.8 2.2 -11.0

24.6 5.6 19.0

56.5 5.5 51.0

Interest payments Long-term external debt IMF charges Short-term external debt

25.2 23.7 0.0 1.5

11.2 10.3 0.0 0.9

7.7 7.7 0.0 0.0

5.5 5.5 0.0 0.0

6.2 5.7 0.0 0.6

16.1 16.1 0.0 0.0

16.0 15.8 0.0 0.3

15.8 14.4 0.0 1.4

91.9 0.0

69.5 0.0

0.6 0.0

155.7 1.7

412.4 -3.0

337.8 4.2

309.3 1.4

237.8 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 13.7 0.0 5.4

.. 0.0 3.3 0.0 0.8

.. 0.8 0.0 0.0 49.0

2.3 9.7 0.0 0.0 64.2

1.3 4.9 0.0 0.0 81.2

1.3 4.8 0.0 0.0 83.4

1.1 5.4 0.0 0.0 82.7

0.6 4.9 0.0 0.0 83.3

6.6 24.8 5.1

4.5 12.0 4.5

0.0 0.0 0.0

4.3 24.7 5.2

2.0 20.4 0.4

0.0 0.0 0.0

0.0 0.0 0.0

0.8 31.6 8.1

8.8 10.4 6.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

6.9 5.0 5.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1289.6 881.6 21.9 974.3 49.4 -94.0 261.1

1931.1 1139.1 32.9 1254.7 83.7 -112.7 349.3

1717.4 1023.2 44.0 1136.4 7.5 -25.5 412.0

3049.9 1620.7 185.1 2088.2 114.7 -292.7 318.8

2982.5 1553.2 184.7 2343.0 162.4 -590.7 ..

3304.8 1657.8 160.5 2316.3 116.9 -475.4 ..

3544.0 1935.0 123.4 2749.1 56.9 -630.0 ..

3038.4 .. 119.3 .. .. .. ..

35.0 23.9 9.1 3.9 65.5 84.7 3.2

15.6 9.2 3.7 8.4 84.0 196.0 3.3

16.9 10.1 2.4 0.1 51.4 238.7 4.4

11.5 6.1 0.9 0.2 49.5 171.7 1.8

22.8 11.9 0.9 3.4 27.3 .. ..

20.9 10.5 1.6 0.1 29.3 .. ..

19.6 10.7 1.2 5.1 28.6 .. ..

.. 14.2 .. 16.2 24.0 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

136


FIJI (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

296.4 296.4 269.5 202.0 67.8 0.0 67.5 26.9 0.0 12.1 0.0 0.0

163.2 163.2 162.7 149.7 35.3 0.0 13.0 0.6 0.0 0.4 0.0 0.0

172.4 172.4 172.4 88.8 19.7 0.0 83.6 0.0 0.0 0.0 0.0 0.0

185.4 185.4 185.4 91.8 6.3 0.0 93.5 0.0 0.0 0.0 0.0 0.0

342.2 342.2 192.2 96.7 4.3 0.0 95.5 150.0 150.0 0.0 0.0 0.0

347.0 347.0 197.0 101.6 2.6 0.0 95.4 150.0 150.0 0.0 0.0 0.0

360.5 360.1 210.1 108.6 1.5 0.0 101.4 150.0 150.0 0.0 0.4 0.0

361.6 361.0 211.0 103.6 0.0 0.0 107.5 150.0 150.0 0.0 0.5 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

15.1 15.1 14.4 13.2 5.1 0.0 1.1 0.7 0.0 0.6 0.0 0.0

15.2 15.2 15.2 15.2 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.1 7.1 7.1 5.6 1.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0

14.1 14.1 14.1 14.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

162.8 162.8 12.8 9.7 0.0 0.0 3.1 150.0 150.0 0.0 0.0 0.0

12.6 12.6 12.6 12.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.4 13.2 13.2 10.0 0.0 0.0 3.3 0.0 0.0 0.0 0.2 0.0

15.2 15.0 15.0 5.3 0.0 0.0 9.7 0.0 0.0 0.0 0.3 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

54.6 54.6 41.5 33.8 9.1 0.0 7.7 13.2 0.0 5.7 0.0 0.0

31.2 31.2 30.2 28.2 11.5 0.0 2.0 1.0 0.0 0.2 0.0 0.0

16.9 16.9 16.9 14.8 7.7 0.0 2.1 0.0 0.0 0.0 0.0 0.0

8.5 8.5 8.5 6.5 2.3 0.0 2.0 0.0 0.0 0.0 0.0 0.0

7.6 7.6 7.6 6.3 2.2 0.0 1.3 0.0 0.0 0.0 0.0 0.0

10.4 10.4 10.4 9.1 1.8 0.0 1.3 0.0 0.0 0.0 0.0 0.0

7.8 7.7 7.7 6.3 1.3 0.0 1.4 0.0 0.0 0.0 0.0 0.0

9.8 9.7 9.7 6.3 1.4 0.0 3.4 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

23.7 23.7 21.0 15.0 5.6 0.0 6.0 2.6 0.0 1.1 0.0 0.0

10.3 10.3 10.2 9.5 3.0 0.0 0.7 0.1 0.0 0.1 0.0 0.0

7.7 7.7 7.7 5.2 1.4 0.0 2.5 0.0 0.0 0.0 0.0 0.0

5.5 5.5 5.5 3.2 0.4 0.0 2.3 0.0 0.0 0.0 0.0 0.0

5.7 5.7 5.7 3.8 0.3 0.0 1.9 0.0 0.0 0.0 0.0 0.0

16.1 16.1 5.8 4.1 0.2 0.0 1.6 10.3 10.3 0.0 0.0 0.0

15.8 15.8 5.5 3.8 0.1 0.0 1.7 10.3 10.3 0.0 0.0 0.0

14.4 14.4 4.1 2.5 0.0 0.0 1.5 10.3 10.3 0.0 0.0 0.0

-3.8 -42.3

-12.8 -17.1

-19.0 -9.8

-60.2 -47.5

168.5 166.2

-6.9 -8.8

32.6 24.6

51.8 56.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 2.2 0.0

0.0 0.0 0.0

0.0 4.1 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

48.7 5.1

48.9 4.0

12.6 3.0

10.9 2.7

11.0 2.5

11.2 2.3

11.3 2.0

10.8 1.8

0.1 10.3

150.1 10.3

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.0 0.0

0.0 0.0

Notes: Long-term private nonguaranteed debt data are reported by the Reserve Bank for the first time.

137


GABON (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

3,983 3,150 3,150 0 140 693 130

4,361 3,977 3,977 0 97 287 0

3,902 3,457 3,457 0 89 355 63

3,877 3,562 3,562 0 68 247 187

4,187 3,697 3,697 0 57 434 344

2,845 2,599 2,599 0 25 221 6

2,173 2,055 2,055 0 0 118 10

2,130 2,022 2,022 0 0 108 5

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

82 3,148 2 65

26 3,977 0 89

118 3,457 0 20

341 3,562 0 142

773 3,697 0 40

38 2,599 0 1,946

28 2,055 0 641

9 2,022 0 420

External debt flows Disbursements Long-term external debt IMF purchases

204 195 9

279 222 57

51 34 17

18 18 0

87 87 0

1,089 1,089 0

108 108 0

265 265 0

Principal repayments Long-term external debt IMF repurchases

40 26 15

216 165 52

198 188 10

136 111 25

128 114 14

2,280 2,246 34

642 617 25

320 320 0

Net flows Long-term external debt Short-term external debt

164 170 0

14 57 -49

-363 -154 -216

-58 -93 60

-11 -27 30

-1,066 -1,157 125

-641 -509 -107

-60 -55 -5

Interest payments Long-term external debt IMF charges Short-term external debt

136 78 13 45

240 217 5 17

154 124 4 26

57 52 3 2

42 36 3 3

386 377 3 6

228 224 1 4

148 144 0 4

73 0

-315 ..

-43 ..

242 ..

268 ..

269 ..

209 ..

33 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.7 5.3 0.3 10.3

.. 0.9 5.0 0.8 11.5

.. 0.8 4.6 0.5 29.1

47.5 0.5 4.4 0.2 36.2

48.9 0.5 4.9 0.2 34.6

35.1 0.4 4.6 0.2 44.7

26.4 0.5 0.9 0.0 54.4

24.5 0.2 0.7 0.0 55.1

7.7 19.0 5.4

4.7 13.0 5.9

0.0 9.7 0.7

1.4 16.2 4.3

4.2 14.4 2.9

4.9 19.4 5.3

2.5 18.1 6.1

0.0 19.9 10.0

9.0 11.8 1.3

0.0 0.0 0.0

0.0 0.0 0.0

2.6 5.8 2.7

0.0 0.0 0.0

7.3 8.1 7.1

4.9 7.8 2.3

3.1 6.2 1.6

5,336 2,750 1 2,448 116 168 279

4,293 2,980 4 2,423 236 515 153

4,289 3,547 6 2,483 473 1,001 194

7,708 5,647 11 3,395 765 1,983 675

7,902 6,252 11 4,223 .. .. 1,122

10,044 7,246 11 5,375 .. .. 1,238

12,364 9,723 11 6,871 .. .. 1,935

9,549 5,752 11 5,183 .. .. 2,007

144.8 74.6 6.4 17.4 8.0 7.0 1.4

146.3 101.6 15.3 6.6 13.5 3.5 0.8

110.0 91.0 9.9 9.1 12.0 5.0 0.9

68.7 50.3 3.4 6.4 10.1 17.4 2.4

67.0 53.0 2.7 10.4 9.7 26.8 3.2

39.3 28.3 36.8 7.8 14.3 43.5 2.8

22.4 17.6 8.9 5.4 17.5 89.0 3.4

37.0 22.3 8.1 5.1 18.8 94.2 4.6

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

138


GABON (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,150 3,150 2,435 317 69 0 2,118 715 0 181 0 0

3,977 3,977 3,778 588 110 0 3,190 199 0 148 0 0

3,457 3,457 3,338 468 64 0 2,871 119 0 103 0 0

3,562 3,562 3,443 393 30 0 3,050 119 0 39 0 0

3,697 3,697 3,576 408 19 0 3,168 121 0 29 0 0

2,599 2,599 1,464 406 12 0 1,058 1,135 1,000 60 0 0

2,055 2,055 994 381 20 0 613 1,062 946 79 0 0

2,022 2,022 926 401 18 0 525 1,096 901 168 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

195 195 158 84 10 0 74 37 0 0 0 0

222 222 222 150 4 0 72 0 0 0 0 0

34 34 13 11 9 0 2 21 0 21 0 0

18 18 18 15 0 0 3 0 0 0 0 0

87 87 61 57 0 0 4 26 0 0 0 0

1,089 1,089 41 37 0 0 4 1,048 1,000 37 0 0

108 108 62 17 12 0 45 45 0 45 0 0

265 265 147 74 4 0 73 118 0 113 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

26 26 18 13 1 0 5 8 0 3 0 0

165 165 90 43 12 0 48 75 0 26 0 0

188 188 160 44 13 0 116 27 0 27 0 0

111 111 63 54 7 0 9 48 0 28 0 0

114 114 84 56 12 0 28 30 0 10 0 0

2,246 2,246 2,207 51 8 0 2,156 39 0 6 0 0

617 617 506 53 3 0 453 111 50 22 0 0

320 320 231 59 6 0 173 89 44 29 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

78 78 68 21 5 0 47 11 0 5 0 0

217 217 174 26 8 0 148 44 0 26 0 0

124 124 118 42 5 0 75 7 0 7 0 0

52 52 46 21 1 0 24 7 0 5 0 0

36 36 32 21 2 0 11 4 0 3 0 0

377 377 372 21 1 0 350 5 0 2 0 0

224 224 139 19 1 0 120 85 80 4 0 0

144 144 53 20 1 0 33 91 75 14 0 0

632 164

189 14

-83 -363

-183 -58

310 -11

-1,342 -1,066

-672 -641

-43 -60

271 0 0

472 41 0

637 0 0

407 0 0

0 0 0

0 89 2,100

0 9 428

0 0 44

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

232 33

183 29

127 23

98 21

96 19

110 18

107 16

107 15

498 91

66 90

97 89

82 87

64 84

64 80

52 78

932 75

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates based on reports provided by the country and include the effects of Paris Club debt buyback agreement signed in 2007.

139


GAMBIA, THE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

369.1 308.4 308.4 0.0 44.9 15.7 0.6

426.1 385.5 385.5 0.0 25.8 14.8 0.7

483.3 437.9 437.9 0.0 18.1 27.3 0.0

669.5 626.2 626.2 0.0 20.8 22.4 1.4

728.1 692.4 692.4 0.0 17.8 17.9 0.9

726.6 698.6 698.6 0.0 6.3 21.6 0.6

448.6 421.0 421.0 0.0 12.3 15.3 1.3

520.1 449.2 449.2 0.0 28.6 42.3 1.3

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0.9 306.6 1.8 37.9

2.2 385.3 0.2 40.3

2.0 437.9 0.0 24.5

20.9 626.2 0.0 51.0

23.6 692.4 0.0 25.3

21.0 698.6 0.0 23.0

16.6 421.0 0.0 25.1

19.1 449.2 0.0 7.7

External debt flows Disbursements Long-term external debt IMF purchases

32.8 23.5 9.3

23.0 23.0 0.0

29.7 20.7 9.1

62.6 62.6 0.0

59.9 59.9 0.0

58.6 52.5 6.1

59.8 53.5 6.3

58.8 43.1 15.8

Principal repayments Long-term external debt IMF repurchases

25.5 20.2 5.3

21.7 15.5 6.2

14.3 12.7 1.6

17.9 15.8 2.0

21.6 17.5 4.0

24.4 20.8 3.7

12.6 12.6 0.0

17.8 17.8 0.0

Net flows Long-term external debt Short-term external debt

15.5 3.4 8.1

-7.6 7.5 -8.8

20.6 8.0 5.2

41.7 46.7 -3.0

34.3 42.4 -4.0

38.2 31.7 4.0

40.3 40.9 -7.0

68.0 25.3 27.0

Interest payments Long-term external debt IMF charges Short-term external debt

12.3 10.2 1.3 0.8

6.3 5.2 0.2 0.9

7.3 6.0 0.1 1.2

10.5 9.5 0.1 0.9

9.9 9.0 0.1 0.9

11.8 10.6 0.1 1.0

9.0 8.0 0.1 0.9

7.8 7.4 0.1 0.4

14.1 0.0

7.8 ..

.. ..

51.9 ..

82.1 ..

72.6 ..

72.1 ..

47.0 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 8.5 1.3 39.1

.. 0.0 6.3 0.2 43.5

.. 0.0 4.8 0.0 51.3

3.7 0.0 2.7 0.0 55.0

3.5 0.0 2.3 0.0 53.6

4.0 0.0 2.2 0.0 47.2

6.5 0.0 0.0 0.0 48.6

7.3 0.0 0.0 0.0 45.9

0.8 42.0 10.0

3.5 21.3 6.2

1.7 27.4 6.8

4.1 29.9 7.3

0.2 29.5 8.7

0.0 28.9 9.9

2.0 22.8 4.5

0.8 26.8 7.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

4.7 12.4 2.4

0.0 0.0 0.0

0.0 0.0 0.0

291.4 169.7 10.0 205.4 0.0 23.4 55.4

377.1 181.0 19.0 241.4 0.0 -8.2 106.1

400.4 .. 14.0 .. .. .. 109.4

417.8 183.7 57.4 295.3 26.0 -42.0 98.3

459.7 205.1 63.7 358.1 32.8 -65.5 120.6

596.7 256.8 62.5 396.7 33.9 -29.2 142.8

776.0 283.7 66.8 411.0 35.7 -43.4 116.5

690.3 .. 64.8 .. .. .. ..

217.5 126.7 22.2 4.3 55.0 15.0 3.2

235.4 113.0 15.5 3.5 76.6 24.9 5.3

.. 120.7 .. 5.7 71.1 22.6 ..

364.5 160.2 15.5 3.4 76.1 14.7 4.0

354.9 158.4 15.4 2.5 78.3 16.6 4.0

282.9 121.8 14.1 3.0 78.8 19.7 4.3

158.1 57.8 7.6 3.4 64.1 26.0 3.4

.. 75.3 .. 8.1 60.3 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

140


GAMBIA, THE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

308.4 308.4 290.1 203.1 0.0 101.6 87.0 18.3 0.0 16.0 0.0 0.0

385.5 385.5 385.2 326.2 0.0 161.6 59.0 0.2 0.0 0.0 0.0 0.0

437.9 437.9 436.9 343.7 0.0 170.7 93.2 1.0 0.0 0.9 0.0 0.0

626.2 626.2 625.5 509.5 0.0 244.9 116.0 0.8 0.0 0.8 0.0 0.0

692.4 692.4 691.5 570.1 0.0 263.5 121.5 0.9 0.0 0.9 0.0 0.0

698.6 698.6 697.6 572.2 0.0 218.9 125.4 1.0 0.0 1.0 0.0 0.0

421.0 421.0 420.1 287.5 0.0 61.9 132.6 0.9 0.0 0.9 0.0 0.0

449.2 449.2 448.3 313.7 0.0 64.3 134.6 1.0 0.0 1.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

23.5 23.5 23.5 17.7 0.0 9.8 5.8 0.0 0.0 0.0 0.0 0.0

23.0 23.0 23.0 19.0 0.0 11.6 4.0 0.0 0.0 0.0 0.0 0.0

20.7 20.7 20.7 17.1 0.0 7.7 3.6 0.0 0.0 0.0 0.0 0.0

62.6 62.6 62.6 53.7 0.0 18.9 8.9 0.0 0.0 0.0 0.0 0.0

59.9 59.9 59.9 50.0 0.0 11.7 9.9 0.0 0.0 0.0 0.0 0.0

52.5 52.5 52.5 40.9 0.0 1.1 11.6 0.0 0.0 0.0 0.0 0.0

53.5 53.5 53.5 46.5 0.0 2.4 7.0 0.0 0.0 0.0 0.0 0.0

43.1 43.1 43.1 31.3 0.0 2.4 11.8 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

20.2 20.2 12.7 4.7 0.0 0.3 7.9 7.5 0.0 3.0 0.0 0.0

15.5 15.5 15.1 6.7 0.0 0.8 8.5 0.4 0.0 0.0 0.0 0.0

12.7 12.7 12.3 7.9 0.0 2.3 4.4 0.4 0.0 0.3 0.0 0.0

15.8 15.8 15.8 10.1 0.0 3.3 5.7 0.0 0.0 0.0 0.0 0.0

17.5 17.5 17.5 11.0 0.0 4.3 6.6 0.0 0.0 0.0 0.0 0.0

20.8 20.8 20.8 14.7 0.0 5.0 6.0 0.0 0.0 0.0 0.0 0.0

12.6 12.6 12.6 8.3 0.0 0.1 4.3 0.0 0.0 0.0 0.0 0.0

17.8 17.8 17.8 9.0 0.0 0.3 8.8 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

10.2 10.2 5.5 2.9 0.0 0.7 2.6 4.7 0.0 3.8 0.0 0.0

5.2 5.2 5.2 3.5 0.0 1.2 1.7 0.0 0.0 0.0 0.0 0.0

6.0 6.0 5.9 3.6 0.0 1.2 2.3 0.1 0.0 0.1 0.0 0.0

9.5 9.5 9.5 5.3 0.0 1.9 4.2 0.0 0.0 0.0 0.0 0.0

9.0 9.0 9.0 5.7 0.0 2.0 3.3 0.0 0.0 0.0 0.0 0.0

10.6 10.6 10.6 6.8 0.0 2.0 3.8 0.0 0.0 0.0 0.0 0.0

8.0 8.0 8.0 5.1 0.0 0.5 3.0 0.0 0.0 0.0 0.0 0.0

7.4 7.4 7.4 4.0 0.0 0.5 3.4 0.0 0.0 0.0 0.0 0.0

31.4 15.5

3.1 -7.6

18.7 20.6

-3.9 41.7

58.6 34.3

-1.5 38.2

-277.9 40.3

71.5 68.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.7 0.0

0.0 0.2 0.0

0.0 14.4 0.0

3.4 224.4 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

24.1 7.2

26.7 7.0

25.6 6.7

25.2 6.4

26.2 5.9

26.0 5.4

23.8 5.0

23.8 4.6

2.5 0.2

2.5 0.3

2.5 0.3

2.5 0.3

2.5 0.2

2.5 0.2

2.5 0.1

2.5 0.1

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates. Data for 2008 include the effects of MDRI and HIPC debt relief, in the amount of $214,362 in thousands.

141


GEORGIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

1,240 1,039 1,039 0 116 85 61

1,638 1,316 1,274 42 278 44 1

1,909 1,626 1,494 132 232 50 11

1,970 1,625 1,466 159 236 108 7

2,271 1,784 1,544 241 252 235 7

3,380 2,562 2,222 341 460 357 7

4,231 3,114 2,596 518 786 330 7

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

211 1,039 0 91

179 1,264 52 72

151 1,493 133 84

69 1,466 159 104

32 1,544 241 55

28 2,222 341 812

28 2,596 518 781

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

174 98 76

65 65 0

187 146 41

216 175 41

235 193 43

1,149 893 256

968 628 341

Principal repayments Long-term external debt IMF repurchases

.. .. ..

0 0 0

68 42 26

157 103 54

234 185 49

143 103 40

120 85 35

163 136 28

Net flows Long-term external debt Short-term external debt

.. .. ..

-272 98 -446

33 23 36

-30 43 -60

44 -10 62

220 89 127

1,151 808 122

778 492 -27

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

20 17 3 0

49 43 5 1

30 27 1 2

34 31 1 2

38 31 1 6

70 58 2 11

100 83 7 10

.. ..

.. ..

131 0

453 3

1,170 143

1,750 34

1,564 118

764 8

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 0.0 0.0 0.4 75.3

.. 0.2 0.0 0.2 82.3

20.2 2.7 0.0 0.2 72.7

15.5 3.0 0.0 0.0 76.2

17.4 3.1 0.0 0.0 72.1

12.0 2.6 0.0 0.0 75.5

10.7 2.1 0.0 0.0 73.2

.. .. ..

1.5 32.3 9.6

1.1 32.0 8.9

0.8 40.3 10.7

1.4 34.8 8.8

0.8 26.9 10.2

1.3 25.4 8.7

1.1 30.9 7.8

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7.5 5.0 5.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

2,574 .. .. .. .. .. 199

3,175 844 274 1,248 0 -269 116

6,474 2,451 346 3,519 116 -709 479

7,910 2,893 485 4,592 94 -1,175 931

10,210 3,664 695 6,362 298 -2,010 1,361

12,631 4,177 732 8,154 361 -2,917 1,480

10,571 3,622 714 5,837 295 -1,257 2,110

.. .. .. .. .. .. ..

.. 48.2 .. 6.9 19.7 16.0 ..

194.1 51.6 13.9 2.7 29.2 7.1 1.1

77.9 29.5 7.6 2.6 42.9 25.1 1.6

68.1 24.9 9.3 5.5 45.9 47.3 2.4

62.0 22.2 4.9 10.4 44.7 59.9 2.6

80.9 26.8 4.6 10.6 35.2 43.8 2.2

116.8 40.0 7.3 7.8 36.3 49.9 4.3

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

142


GEORGIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

1,039 1,039 939 245 0 84 694 100 0 0 0 0

1,316 1,274 1,272 478 0 347 794 2 0 0 42 0

1,626 1,494 1,492 819 0 679 673 2 0 0 132 0

1,625 1,466 1,464 904 0 785 560 2 0 0 159 0

1,784 1,544 1,542 1,015 0 885 527 2 0 0 241 0

2,562 2,222 1,720 1,190 0 989 530 501 500 0 341 0

3,114 2,596 2,095 1,535 100 1,153 560 501 500 0 518 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

98 98 98 96 0 85 2 0 0 0 0 0

65 37 37 25 0 18 13 0 0 0 28 0

146 76 76 60 0 54 16 0 0 0 69 0

175 119 119 88 0 76 31 0 0 0 56 0

193 100 100 82 0 72 18 0 0 0 93 0

893 725 225 202 0 121 23 500 500 0 168 0

628 427 427 385 100 168 42 0 0 0 201 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

42 41 41 5 0 0 35 0 0 0 2 0

103 80 80 10 0 2 70 0 0 0 23 0

185 166 165 47 0 4 119 0 0 0 19 0

103 86 85 15 0 7 71 0 0 0 17 0

85 40 40 19 0 10 21 0 0 0 45 0

136 71 70 52 0 12 18 0 0 0 65 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

17 17 17 0 0 0 17 0 0 0 0 0

43 42 42 8 0 3 34 0 0 0 1 0

27 23 23 11 0 6 12 0 0 0 4 0

31 24 24 11 0 6 13 0 0 0 6 0

31 23 23 10 0 6 13 0 0 0 8 0

58 44 25 13 0 7 12 19 19 0 14 0

83 66 29 13 1 7 16 38 38 0 17 0

.. ..

-210 -272

-16 33

-156 -30

61 44

302 220

1,108 1,151

851 778

.. .. ..

0 0 0

0 0 0

57 0 0

44 109 0

0 2 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

53 24

58 25

58 26

70 26

50 25

64 25

68 24

81 24

42 57

139 54

102 49

576 27

68 6

51 3

31 2

9 0

Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development.

143


GHANA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

3,734 2,670 2,637 33 745 320 56

5,495 4,227 4,200 27 648 620 26

6,116 5,251 4,994 257 293 572 10

6,732 5,728 5,728 0 417 587 9

3,184 1,882 1,882 0 159 1,143 19

4,463 3,032 3,032 0 167 1,264 9

4,927 3,418 3,418 0 162 1,347 9

5,720 4,126 4,126 0 271 1,323 41

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

77 2,637 33 632

86 4,200 27 620

25 4,994 257 453

19 5,728 0 352

42 1,882 0 477

28 3,032 0 1,127

26 3,418 0 2,559

29 4,126 0 1,060

External debt flows Disbursements Long-term external debt IMF purchases

473 408 65

570 528 42

397 362 35

519 480 39

505 389 116

1,155 1,155 0

525 525 0

871 767 104

Principal repayments Long-term external debt IMF repurchases

260 143 116

292 184 108

254 217 37

186 155 32

150 150 0

96 96 0

87 87 0

104 104 0

Net flows Long-term external debt Short-term external debt

312 265 98

349 344 71

7 144 -136

224 326 -109

901 238 546

1,189 1,058 131

522 439 83

711 663 -56

Interest payments Long-term external debt IMF charges Short-term external debt

104 55 37 12

95 57 10 28

134 95 1 38

95 72 2 21

83 54 0 29

79 46 1 32

143 110 1 32

129 97 1 31

15 0

107 0

166 0

145 0

636 0

970 0

2,112 0

1,685 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 5.4 3.0 0.7 60.5

.. 14.0 5.2 0.3 59.9

.. 16.2 2.1 0.1 67.6

3.2 0.0 0.0 0.0 79.4

11.5 0.0 0.1 0.1 53.8

11.2 0.0 0.0 0.1 60.4

12.2 0.0 0.0 0.1 58.0

14.8 0.0 0.0 0.1 54.6

2.1 35.4 9.4

1.5 34.8 9.4

1.4 34.7 8.9

0.8 43.0 10.3

0.7 41.8 10.3

0.8 38.6 10.0

2.1 27.1 7.2

1.0 32.3 8.8

8.1 8.2 2.1

6.4 6.6 1.3

6.2 10.2 2.7

0.8 40.2 10.7

2.8 11.8 2.2

8.5 10.1 10.0

2.7 13.6 2.9

2.7 14.0 2.4

5,774 949 6 1,583 7 -223 309

6,324 1,596 17 2,262 17 -144 804

4,831 2,456 32 3,474 17 -387 309

10,590 3,952 99 6,851 94 -1,105 1,897

12,595 5,183 105 8,474 92 -1,043 2,269

14,804 6,088 117 10,283 135 -2,151 ..

16,395 7,156 126 12,911 172 -3,543 ..

15,320 7,911 114 11,187 241 -1,198 ..

393.6 64.7 38.4 8.6 49.4 8.3 2.3

344.4 86.9 24.2 11.3 54.3 14.6 4.3

249.0 126.6 15.8 9.4 59.9 5.1 1.1

170.3 63.6 7.1 8.7 74.9 28.2 3.3

61.4 25.3 4.5 35.9 38.9 71.3 3.2

73.3 30.2 2.9 28.3 34.8 .. ..

68.9 30.1 3.2 27.3 37.9 .. ..

72.3 37.3 2.9 23.1 39.0 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

144


GHANA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

2,670 2,637 2,424 1,846 113 1,310 578 213 0 10 33 0

4,227 4,200 3,847 2,982 59 2,375 865 352 0 97 27 0

5,251 4,994 4,703 3,663 9 3,130 1,039 292 0 57 257 250

5,728 5,728 5,313 5,042 0 4,234 271 415 0 264 0 0

1,882 1,882 1,445 1,239 0 815 206 438 0 287 0 0

3,032 3,032 1,767 1,552 0 1,087 215 1,265 750 323 0 0

3,418 3,418 2,103 1,866 0 1,330 238 1,315 750 334 0 0

4,126 4,126 2,570 2,230 0 1,581 339 1,556 750 589 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

408 400 351 274 0 201 77 48 0 9 8 0

528 528 414 284 0 242 130 115 0 64 0 0

362 362 340 223 0 204 117 22 0 14 0 0

480 480 429 411 0 305 17 51 0 47 0 0

389 389 349 343 0 266 6 40 0 29 0 0

1,155 1,155 307 282 0 231 25 847 750 46 0 0

525 525 414 364 0 257 51 111 0 56 0 0

767 767 484 358 0 241 126 282 0 277 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

143 135 64 29 10 2 35 71 0 17 8 0

184 179 108 73 15 8 34 72 0 2 5 0

217 214 141 68 8 25 74 73 0 27 3 0

155 155 117 42 2 15 75 38 0 18 0 0

150 150 115 43 0 8 73 35 0 21 0 0

96 96 50 29 0 1 21 46 0 29 0 0

87 87 46 22 0 1 25 40 0 33 0 0

104 104 46 19 0 2 27 58 0 35 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

55 53 42 30 9 8 12 11 0 2 2 0

57 55 50 40 6 17 10 5 0 0 2 0

95 80 64 39 1 22 26 16 0 4 14 14

72 72 54 42 0 31 13 17 0 11 0 0

54 54 39 29 0 18 9 16 0 11 0 0

46 46 25 17 0 8 8 21 0 15 0 0

110 110 26 18 0 9 8 84 64 14 0 0

97 97 38 19 0 10 20 59 32 19 0 0

440 312

394 349

-304 7

-321 224

-3,548 901

1,279 1,189

464 522

792 711

0 102 0

0 0 0

0 0 0

0 94 0

7 4,649 0

0 0 0

0 15 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

86 38

114 45

118 48

110 48

105 47

118 46

135 43

144 41

97 95

126 99

188 98

169 95

159 91

145 88

141 85

885 82

Notes: Long-term private nonguaranteed debt data only cover Bonds. Ghana was granted debt relief effective in 2006 under MDRI.

145


GRENADA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

110.8 97.9 97.9 0.0 0.0 12.9 6.9

127.0 112.4 112.4 0.0 0.0 14.6 6.6

201.4 179.8 179.8 0.0 0.0 21.6 4.5

406.2 391.4 391.4 0.0 8.4 6.5 4.5

492.1 447.6 447.6 0.0 9.5 35.0 6.0

524.8 468.0 468.0 0.0 7.7 49.1 12.1

523.5 450.6 450.6 0.0 13.0 59.9 10.9

531.5 462.3 462.3 0.0 23.0 46.1 21.1

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

17.0 97.9 0.0 15.9

20.8 112.4 0.0 17.0

10.6 179.8 0.0 97.4

9.5 391.4 0.0 17.5

10.5 447.6 0.0 28.1

13.4 468.0 0.0 25.3

17.7 450.6 0.0 4.3

22.1 462.3 0.0 24.0

External debt flows Disbursements Long-term external debt IMF purchases

14.8 14.8 0.0

4.9 4.9 0.0

77.6 77.6 0.0

38.5 38.5 0.0

27.8 25.5 2.3

23.6 23.6 0.0

24.1 15.5 8.5

31.2 19.3 12.0

Principal repayments Long-term external debt IMF repurchases

1.7 1.3 0.5

5.6 5.6 0.0

10.1 10.1 0.0

5.5 5.5 0.0

7.4 5.8 1.6

8.4 6.2 2.2

13.3 10.4 2.9

9.9 7.7 2.3

Net flows Long-term external debt Short-term external debt

13.1 13.5 0.0

-1.7 -0.8 -1.0

63.4 67.5 -4.1

-28.0 33.0 -61.0

47.3 19.7 27.0

23.2 17.5 8.0

22.8 5.2 12.0

-2.7 11.6 -24.0

Interest payments Long-term external debt IMF charges Short-term external debt

1.6 1.2 0.0 0.4

2.3 1.7 0.0 0.5

4.4 3.4 0.0 1.0

4.9 3.3 0.3 1.3

8.0 6.8 0.4 0.8

9.5 7.9 0.4 1.3

9.0 7.6 0.2 1.3

10.5 9.9 0.1 0.5

12.9 0.0

20.0 ..

37.4 ..

70.2 ..

89.8 ..

151.6 ..

142.2 ..

90.9 ..

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 34.5 0.0 57.3

.. 0.0 33.7 0.0 59.7

.. 0.0 6.3 0.0 78.7

0.4 0.0 0.2 0.0 91.3

0.3 0.0 0.0 0.0 92.2

0.3 0.0 0.0 0.0 92.2

0.4 0.0 0.7 0.0 90.7

0.3 0.0 0.7 0.0 89.9

4.6 19.1 2.4

2.6 28.2 5.6

3.8 24.4 7.2

2.0 24.3 5.1

1.8 30.7 9.7

2.5 25.3 7.2

0.8 34.1 9.6

2.6 25.7 6.8

0.0 0.0 0.0

0.0 0.0 0.0

5.0 13.5 7.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

208.9 95.6 18.0 153.2 8.4 -46.2 17.6

262.9 128.7 37.8 187.6 12.6 -41.8 36.7

395.8 240.8 46.4 349.0 27.8 -88.1 57.7

525.6 160.3 51.6 435.9 22.7 -193.3 94.3

535.6 175.6 53.9 444.5 22.0 -232.9 100.0

567.3 205.3 54.8 493.1 35.7 -261.6 110.6

632.6 201.3 55.4 507.2 33.2 -268.7 105.3

578.0 186.9 53.7 398.4 29.9 -174.8 129.1

115.8 53.0 3.4 11.6 35.7 15.9 1.4

98.7 48.3 6.1 11.5 39.6 28.9 2.4

83.6 50.9 6.0 10.7 31.4 28.6 2.0

253.4 77.3 6.5 1.6 27.3 23.2 2.6

280.3 91.9 8.8 7.1 26.1 20.3 2.7

255.6 92.5 8.7 9.4 28.5 21.1 2.7

260.1 82.8 11.1 11.4 29.3 20.1 2.5

284.3 92.0 10.9 8.7 30.4 24.3 3.9

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

146


GRENADA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

97.9 97.9 95.0 39.5 0.0 5.5 55.4 2.9 0.0 0.7 0.0 0.0

112.4 112.4 104.7 50.3 0.0 7.3 54.4 7.7 0.0 0.3 0.0 0.0

179.8 179.8 116.8 63.3 2.2 9.6 53.5 63.0 26.6 32.2 0.0 0.0

391.4 391.4 172.5 111.1 10.1 22.9 61.4 218.9 214.3 2.4 0.0 0.0

447.6 447.6 206.1 128.6 9.0 27.8 77.5 241.5 239.4 1.5 0.0 0.0

468.0 468.0 227.3 149.5 12.0 34.8 77.9 240.7 239.4 1.1 0.0 0.0

450.6 450.6 238.0 153.2 11.5 36.6 84.8 212.7 210.3 1.1 0.0 0.0

462.3 462.3 249.7 161.3 10.8 39.4 88.3 212.7 210.3 1.1 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

14.8 14.8 14.3 2.9 0.0 1.0 11.4 0.5 0.0 0.0 0.0 0.0

4.9 4.9 4.9 3.4 0.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0

77.6 77.6 19.8 11.7 1.9 0.8 8.1 57.8 26.6 30.0 0.0 0.0

38.5 38.5 38.5 22.7 2.8 3.6 15.8 0.0 0.0 0.0 0.0 0.0

25.5 25.5 25.5 20.5 0.1 4.0 5.0 0.0 0.0 0.0 0.0 0.0

23.6 23.6 23.6 23.6 4.3 6.0 0.0 0.0 0.0 0.0 0.0 0.0

15.5 15.5 15.5 12.8 0.9 2.5 2.7 0.0 0.0 0.0 0.0 0.0

19.3 19.3 19.3 13.7 0.7 2.9 5.5 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.3 1.3 1.1 1.0 0.0 0.0 0.1 0.2 0.0 0.1 0.0 0.0

5.6 5.6 3.9 2.8 0.0 0.1 1.1 1.8 0.0 0.2 0.0 0.0

10.1 10.1 6.3 3.2 0.0 0.1 3.2 3.7 0.0 2.4 0.0 0.0

5.5 5.5 5.1 3.6 0.6 0.2 1.5 0.4 0.0 0.4 0.0 0.0

5.8 5.8 5.8 4.4 1.1 0.3 1.4 0.0 0.0 0.0 0.0 0.0

6.2 6.2 6.2 4.4 1.2 0.3 1.8 0.0 0.0 0.0 0.0 0.0

10.4 10.4 10.4 8.7 1.4 0.4 1.7 0.0 0.0 0.0 0.0 0.0

7.7 7.7 7.7 5.9 1.5 0.3 1.7 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.2 1.2 1.0 1.0 0.0 0.0 0.0 0.2 0.0 0.2 0.0 0.0

1.7 1.7 1.6 1.3 0.0 0.1 0.2 0.2 0.0 0.1 0.0 0.0

3.4 3.4 2.3 1.1 0.0 0.1 1.3 1.1 0.0 1.1 0.0 0.0

3.3 3.3 3.3 2.6 0.4 0.2 0.7 0.0 0.0 0.0 0.0 0.0

6.8 6.8 4.5 3.8 0.5 0.2 0.7 2.3 2.3 0.0 0.0 0.0

7.9 7.9 5.5 3.9 0.5 0.2 1.6 2.3 2.3 0.0 0.0 0.0

7.6 7.6 5.5 4.2 0.6 0.3 1.3 2.1 2.1 0.0 0.0 0.0

9.9 9.9 4.8 3.6 0.5 0.3 1.2 5.1 5.1 0.0 0.0 0.0

21.8 13.1

-2.0 -1.7

65.6 63.4

-25.7 -28.0

85.9 47.3

32.7 23.2

-1.3 22.8

8.0 -2.7

0.0 0.0 0.0

0.0 0.6 0.0

0.0 0.0 0.0

208.7 0.0 0.0

13.2 0.0 0.0

1.5 0.0 0.0

1.4 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

13.7 6.0

13.5 5.9

13.9 5.7

27.7 5.4

11.7 4.7

12.8 4.4

12.7 4.0

12.7 3.7

0.0 11.9

0.0 11.9

5.6 21.1

0.0 21.0

0.0 28.1

0.0 28.1

0.0 37.4

0.0 37.4

Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2006.

147


GUATEMALA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,845 2,365 2,238 127 67 414 207

3,282 2,470 2,328 142 0 811 219

3,853 2,681 2,540 142 0 1,172 317

10,981 9,528 3,687 5,841 0 1,453 414

12,308 10,834 3,921 6,913 0 1,474 0

14,570 12,566 4,189 8,377 0 2,004 0

14,771 12,620 4,352 8,268 0 2,151 0

13,801 12,575 4,931 7,644 0 1,226 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

264 2,235 130 139

257 2,328 142 99

224 2,540 142 87

131 3,687 5,841 82

0 3,921 6,913 755

0 4,189 8,377 398

0 4,352 8,268 508

0 4,931 7,644 1,532

External debt flows Disbursements Long-term external debt IMF purchases

166 166 0

200 200 0

210 210 0

2,184 2,184 0

2,240 2,240 0

2,738 2,738 0

1,037 1,037 0

934 934 0

Principal repayments Long-term external debt IMF repurchases

123 111 12

213 213 0

188 188 0

705 705 0

831 831 0

1,034 1,034 0

1,009 1,009 0

1,019 1,019 0

Net flows Long-term external debt Short-term external debt

48 56 4

140 -13 153

56 22 34

1,316 1,479 -163

1,844 1,409 435

2,234 1,704 530

175 28 147

-1,010 -85 -925

Interest payments Long-term external debt IMF charges Short-term external debt

114 91 7 16

145 113 0 32

202 152 0 50

550 497 0 53

634 575 0 59

739 668 0 70

747 672 0 75

668 625 0 43

48 0

75 ..

230 ..

509 0

592 0

745 0

754 0

566 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 51.6

.. 2.5 0.0 0.5 54.8

.. 2.9 0.0 0.2 75.0

2.5 3.5 0.0 0.0 85.7

2.3 3.3 0.0 0.0 86.9

2.1 3.1 0.0 0.0 88.0

1.9 3.7 0.0 0.0 88.6

1.7 3.5 0.0 0.0 90.1

4.9 23.1 6.2

4.2 30.9 7.9

7.2 19.2 4.7

5.4 25.8 5.1

5.6 23.0 4.1

5.9 18.5 3.9

4.4 20.1 4.0

1.5 23.2 6.3

8.4 4.3 0.6

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7,494 1,588 119 2,028 37 -213 362

14,498 2,870 358 3,933 95 -572 783

19,065 4,077 596 5,991 248 -1,050 1,806

26,875 7,069 3,067 11,886 370 -1,241 3,777

29,914 8,036 3,700 13,828 608 -1,524 4,055

33,718 9,270 4,236 15,910 819 -1,786 4,315

38,432 10,264 4,460 17,041 886 -1,773 4,654

35,587 9,181 4,026 13,800 785 -217 5,205

179.1 38.0 14.9 14.5 36.4 12.7 2.1

114.3 22.6 12.5 24.7 30.4 23.9 2.4

94.5 20.2 9.6 30.4 38.0 46.9 3.6

155.3 40.9 17.8 13.2 18.3 34.4 3.8

153.2 41.1 18.2 12.0 19.7 32.9 3.5

157.2 43.2 19.1 13.8 19.7 29.6 3.3

143.9 38.4 17.1 14.6 20.5 31.5 3.3

150.3 38.8 18.4 8.9 26.2 37.7 4.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

148


GUATEMALA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

2,365 2,238 1,684 1,036 293 0 648 553 190 118 127 0

2,470 2,328 1,787 998 158 0 789 541 264 61 142 0

2,681 2,540 2,098 1,462 296 0 635 442 245 0 142 0

9,528 3,687 2,451 2,011 479 0 440 1,237 1,105 0 5,841 50

10,834 3,921 2,815 2,429 642 0 386 1,105 1,105 0 6,913 50

12,566 4,189 3,233 2,872 740 0 362 955 955 0 8,377 50

12,620 4,352 3,397 3,032 806 0 366 955 955 0 8,268 55

12,575 4,931 3,976 3,620 1,112 0 356 955 955 0 7,644 5

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

166 159 126 68 16 0 58 33 0 14 7 0

200 200 128 87 13 0 41 73 59 2 0 0

210 210 210 157 51 0 53 0 0 0 0 0

2,184 144 144 131 34 0 13 0 0 0 2,041 0

2,240 581 581 572 199 0 9 0 0 0 1,659 0

2,738 599 599 594 136 0 6 0 0 0 2,139 0

1,037 396 396 386 133 0 10 0 0 0 641 5

934 807 807 783 379 0 24 0 0 0 127 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

111 108 59 28 5 0 31 49 11 29 3 0

213 194 151 92 40 0 59 43 15 17 19 0

188 168 136 78 13 0 58 32 31 0 20 0

705 199 199 145 33 0 54 1 0 0 506 0

831 244 234 163 36 0 71 11 0 0 587 0

1,034 359 209 163 38 0 46 150 150 0 675 0

1,009 259 259 224 67 0 35 0 0 0 750 0

1,019 268 268 233 72 0 35 0 0 0 751 50

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

91 81 52 33 3 0 19 29 18 7 10 0

113 108 80 52 14 0 29 28 23 3 5 0

152 133 110 84 21 0 26 23 22 0 19 0

497 203 102 87 19 0 15 101 101 0 294 5

575 227 127 114 28 0 13 101 101 0 348 5

668 249 148 137 37 0 11 101 101 0 420 5

672 256 168 158 40 0 10 88 88 0 416 5

625 260 172 162 41 0 9 88 88 0 365 0

243 48

175 140

72 56

1,265 1,316

1,326 1,844

2,262 2,234

202 175

-970 -1,010

30 0 0

0 0 0

0 0 0

0 0 0

0 538 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

313 122

283 116

271 109

278 102

309 95

311 87

310 79

315 71

2,045 423

1,764 336

1,287 198

1,092 152

640 115

454 86

378 64

303 45

Notes: Data on long-term private nonguaranteed debt data are World Bank staff estimates.

149


GUINEA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,478 2,253 2,253 0 51 173 56

3,248 2,991 2,991 0 94 164 85

3,066 2,655 2,655 0 113 299 82

2,898 2,727 2,727 0 87 84 84

3,046 2,822 2,822 0 72 152 90

3,143 2,939 2,939 0 65 139 95

3,094 2,831 2,831 0 71 192 36

2,926 2,827 2,827 0 59 40 36

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

190 2,253 0 487

372 2,991 0 215

322 2,655 0 76

306 2,727 0 39

311 2,822 0 9

271 2,939 0 1

126 2,831 0 0

127 2,827 0 0

External debt flows Disbursements Long-term external debt IMF purchases

196 196 0

200 169 31

75 75 0

91 91 0

73 73 0

89 78 11

94 67 28

49 49 0

Principal repayments Long-term external debt IMF repurchases

110 95 14

128 120 9

100 92 8

116 91 26

106 86 19

106 85 21

103 84 20

96 83 13

Net flows Long-term external debt Short-term external debt

86 100 0

99 50 27

-37 -17 -12

-25 1 0

29 -14 62

-36 -7 -18

103 -17 112

-199 -35 -152

Interest payments Long-term external debt IMF charges Short-term external debt

59 53 2 4

49 44 0 5

57 41 1 15

47 46 1 0

50 46 0 4

50 49 0 1

37 34 0 3

33 33 0 0

18 ..

1 ..

10 0

105 ..

125 ..

386 ..

382 ..

141 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 2.2 1.8 0.6 33.1

.. 3.5 0.8 0.3 48.4

.. 3.1 0.4 0.2 60.5

9.8 2.0 0.2 0.2 63.8

11.0 1.7 0.2 0.2 63.1

12.1 1.6 0.1 0.2 63.3

11.7 1.9 0.0 0.3 66.0

12.5 1.7 0.0 0.3 65.4

2.6 30.5 8.2

2.0 25.9 8.5

1.3 38.1 9.1

0.5 34.4 8.4

0.8 23.4 9.2

0.8 49.9 10.4

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

2.7 3.5 0.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

2,518 841 18 1,115 61 -203 ..

3,609 713 1 1,109 23 -216 87

3,035 758 1 973 8 -140 168

2,661 .. 78 .. .. .. 97

2,564 .. 114 .. .. .. ..

3,885 1,313 151 1,610 54 -382 ..

3,492 1,459 72 1,911 14 -434 ..

6,058 .. 71 .. .. .. ..

294.6 98.4 20.0 7.0 27.4 .. ..

455.5 90.0 24.9 5.0 45.0 2.7 0.9

404.7 101.0 20.7 9.7 52.7 5.5 2.1

.. 108.9 .. 2.9 60.3 3.4 ..

.. 118.8 .. 5.0 59.1 .. ..

239.4 80.9 11.9 4.4 59.4 .. ..

212.0 88.6 9.6 6.2 59.7 .. ..

.. 48.3 .. 1.4 62.4 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

150


GUINEA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

2,253 2,253 2,145 678 28 392 1,467 108 0 24 0 0

2,991 2,991 2,908 1,460 0 847 1,448 82 0 25 0 0

2,655 2,655 2,626 1,615 0 982 1,011 29 0 0 0 0

2,727 2,727 2,693 1,747 0 1,205 947 33 0 5 0 0

2,822 2,822 2,785 1,800 0 1,259 985 37 0 8 0 0

2,939 2,939 2,895 1,866 0 1,305 1,029 44 0 15 0 0

2,831 2,831 2,801 1,848 0 1,288 953 30 0 18 0 0

2,827 2,827 2,792 1,827 0 1,269 966 35 0 23 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

196 196 196 90 0 52 106 0 0 0 0 0

169 169 169 161 0 59 8 0 0 0 0 0

75 75 75 70 0 29 5 0 0 0 0 0

91 91 89 41 0 32 48 2 0 2 0 0

73 73 70 33 0 22 37 3 0 3 0 0

78 78 72 41 0 21 32 6 0 6 0 0

67 67 63 45 0 22 18 4 0 4 0 0

49 49 45 16 0 0 29 4 0 4 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

95 95 77 21 12 1 55 19 0 7 0 0

120 120 105 35 0 2 70 15 0 0 0 0

92 92 92 51 0 11 40 0 0 0 0 0

91 91 91 49 0 9 42 0 0 0 0 0

86 86 86 46 0 10 40 0 0 0 0 0

85 85 85 46 0 12 39 0 0 0 0 0

84 84 84 58 0 25 25 0 0 0 0 0

83 83 83 58 0 27 25 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

53 53 47 12 2 2 35 6 0 5 0 0

44 44 43 15 0 6 28 1 0 0 0 0

41 41 41 24 0 7 17 0 0 0 0 0

46 46 44 20 0 9 24 2 0 2 0 0

46 46 43 18 0 8 25 3 0 3 0 0

49 49 44 18 0 9 26 5 0 5 0 0

34 34 28 18 0 10 10 6 0 6 0 0

33 33 25 14 0 7 11 8 0 8 0 0

301 86

136 99

-122 -37

-238 -25

148 29

97 -36

-49 103

-167 -199

110 2 0

130 61 0

0 0 0

0 13 0

0 14 0

41 23 0

86 177 0

17 25 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

116 40

118 42

118 39

118 37

122 35

134 32

125 29

117 27

0 2

0 2

0 2

0 2

0 2

0 2

0 2

0 2

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates. Data include the effects of Paris Club debt restructuring agreement signed in 2008. Data for 2007 and 2008 include the effects of Enhanced HIPC Initiative, in the amount of $14,757 in thousands and $5,738 in thousands respectively.

151


GUINEA-BISSAU (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

695 633 633 0 5 56 30

895 794 794 0 6 95 89

947 822 822 0 25 100 87

1,013 881 881 0 12 121 119

1,036 902 902 0 8 126 126

1,073 925 925 0 5 142 142

1,084 931 931 0 9 144 144

1,111 950 950 0 10 151 151

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

113 633 0 98

251 794 0 22

219 822 0 27

256 881 0 9

252 902 0 0

245 925 0 0

270 931 0 0

318 950 0 0

External debt flows Disbursements Long-term external debt IMF purchases

36 36 0

23 21 2

22 14 9

14 14 0

9 9 0

15 15 0

12 6 6

6 4 3

Principal repayments Long-term external debt IMF repurchases

2 2 0

9 8 1

3 3 0

4 1 3

7 3 4

7 4 3

6 4 2

6 5 2

Net flows Long-term external debt Short-term external debt

46 34 12

13 13 -1

29 11 10

9 13 -1

0 6 -2

9 12 0

5 2 0

0 -1 0

Interest payments Long-term external debt IMF charges Short-term external debt

6 3 0 3

6 6 0 0

2 2 0 0

2 2 0 0

3 3 0 0

3 3 0 0

3 3 0 0

4 4 0 0

2 0

0 ..

1 ..

9 0

18 0

19 0

5 0

14 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 8.5 27.6

.. 0.0 0.0 6.6 38.3

.. 0.0 0.0 11.0 34.0

10.4 0.0 0.0 12.6 46.7

11.1 0.0 0.0 5.1 52.3

12.1 0.0 0.0 5.4 50.0

11.4 0.0 0.0 5.6 50.6

11.6 0.0 0.0 5.7 50.9

2.2 28.1 10.4

0.8 39.8 10.3

0.9 37.9 10.1

0.8 45.5 10.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

233 26 1 110 0 -45 18

236 30 2 110 .. -35 20

203 .. 8 .. .. .. 67

290 .. 28 .. 0 .. 80

308 .. 28 .. 0 .. 82

371 141 29 246 0 .. 113

446 172 30 299 0 .. 125

439 .. 30 .. .. .. 169

2,661.0 297.7 32.3 8.1 39.4 2.6 2.0

3,024.9 379.4 52.4 10.6 41.3 2.3 2.2

.. 466.5 .. 10.6 41.9 7.0 ..

.. 349.5 .. 11.9 45.1 7.9 ..

.. 336.7 .. 12.2 46.4 7.9 ..

761.6 289.4 7.3 13.3 47.6 10.5 5.5

629.7 243.1 5.5 13.3 46.9 11.5 5.0

.. 253.2 .. 13.6 45.6 15.2 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

152


GUINEA-BISSAU (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

633 633 600 273 0 145 326 33 0 0 0 0

794 794 763 370 0 210 393 31 0 0 0 0

822 822 822 397 0 228 425 0 0 0 0 0

881 881 881 457 0 284 424 0 0 0 0 0

902 902 902 481 0 297 421 0 0 0 0 0

925 925 925 511 0 315 414 0 0 0 0 0

931 931 931 508 0 309 423 0 0 0 0 0

950 950 950 507 0 304 443 0 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

36 36 36 30 0 15 6 0 0 0 0 0

21 21 21 19 0 9 2 0 0 0 0 0

14 14 14 14 0 14 0 0 0 0 0 0

14 14 14 14 0 11 0 0 0 0 0 0

9 9 9 9 0 5 0 0 0 0 0 0

15 15 15 15 0 11 0 0 0 0 0 0

6 6 6 6 0 4 0 0 0 0 0 0

4 4 4 4 0 1 0 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2 2 2 1 0 0 1 0 0 0 0 0

8 8 8 8 0 1 0 0 0 0 0 0

3 3 2 2 0 2 0 0 0 0 0 0

1 1 1 1 0 0 0 0 0 0 0 0

3 3 3 3 0 0 0 0 0 0 0 0

4 4 4 4 0 0 0 0 0 0 0 0

4 4 4 4 0 1 0 0 0 0 0 0

5 5 5 5 0 1 0 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3 3 3 3 0 1 1 0 0 0 0 0

6 6 6 4 0 2 1 0 0 0 0 0

2 2 2 2 0 2 0 0 0 0 0 0

2 2 2 2 0 1 0 0 0 0 0 0

3 3 3 3 0 2 0 0 0 0 0 0

3 3 3 3 0 2 0 0 0 0 0 0

3 3 3 3 0 2 0 0 0 0 0 0

4 4 4 4 0 2 0 0 0 0 0 0

99 46

45 13

9 29

-92 9

23 0

37 9

11 5

27 0

16 5 0

14 15 0

0 1 0

0 9 0

0 6 0

0 6 0

0 10 0

0 7 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

31 8

29 7

28 7

21 6

21 6

22 6

23 6

23 6

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates. Data for 2007, 2008, and 2009 include the effects of Enhanced HIPC Initiative, in the amount of $5,787 in thousands, $7,311 in thousands, and $7,383 in thousands respectively.

153


GUYANA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

1,960 1,773 1,773 0 113 75 63

2,116 1,794 1,794 0 172 150 133

1,364 1,128 1,124 4 117 119 67

1,216 1,043 1,041 2 91 82 82

1,141 923 923 0 56 162 86

736 584 584 0 59 93 93

829 676 676 0 57 96 96

1,036 781 781 0 58 197 98

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

184 1,773 0 282

114 1,794 0 45

65 1,124 4 85

66 1,041 2 166

76 923 0 4

75 584 0 144

75 676 0 123

78 781 0 74

External debt flows Disbursements Long-term external debt IMF purchases

264 159 104

59 45 14

73 64 9

131 104 27

136 109 27

101 101 0

139 139 0

105 105 0

Principal repayments Long-term external debt IMF repurchases

175 69 107

74 50 24

39 23 17

24 16 8

15 15 0

16 16 0

16 16 0

8 8 0

Net flows Long-term external debt Short-term external debt

256 91 167

-8 -5 7

21 41 -13

76 88 -31

197 94 76

9 85 -76

123 123 0

196 97 99

Interest payments Long-term external debt IMF charges Short-term external debt

120 73 40 7

35 31 3 1

30 26 1 3

11 10 0 1

16 14 0 2

12 9 0 2

11 10 0 0

11 10 0 1

8 ..

74 ..

67 ..

77 ..

102 ..

152 ..

168 ..

144 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.3 10.4 0.1 68.0

.. 0.2 9.1 0.1 64.9

.. 0.0 5.6 0.0 69.3

2.1 0.0 0.2 0.0 74.3

2.7 0.0 0.2 0.0 70.7

4.6 0.0 0.1 0.0 86.5

3.5 0.0 0.1 0.0 88.9

2.9 0.0 0.1 0.0 90.2

1.3 39.7 9.9

1.5 38.7 10.4

2.0 40.0 10.5

1.3 30.5 9.2

1.9 29.8 7.6

1.0 36.6 9.0

1.6 28.4 4.1

1.6 29.1 4.7

0.0 0.0 0.0

8.8 31.0 8.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

275 .. .. .. .. .. 29

567 641 2 838 .. -135 269

661 684 27 813 6 -82 305

804 697 201 960 7 -96 252

818 730 218 1,127 9 -181 280

1,039 889 283 1,288 7 -112 313

1,145 1,035 278 1,556 0 -192 356

.. .. 266 .. .. .. 631

.. 712.5 .. 3.8 23.9 1.5 ..

329.9 373.1 17.0 7.1 30.2 12.7 3.9

199.5 206.6 10.1 8.7 43.9 22.3 4.5

174.5 151.2 4.9 6.7 70.0 20.7 3.1

156.3 139.5 4.3 14.2 63.1 24.5 3.0

82.7 70.8 3.1 12.7 49.9 42.6 2.9

80.1 72.4 2.6 11.6 46.0 42.9 2.7

.. .. .. 19.0 43.2 60.9 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

154


GUYANA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,773 1,773 1,601 468 59 93 1,134 172 0 104 0 0

1,794 1,794 1,709 639 35 203 1,070 86 29 37 0 0

1,128 1,124 1,079 599 8 180 480 45 27 6 4 0

1,043 1,041 1,033 851 0 226 182 9 0 4 2 0

923 923 915 720 0 9 194 8 0 4 0 0

584 584 575 367 0 10 209 8 0 4 0 0

676 676 655 381 0 10 274 21 0 3 0 0

781 781 760 448 0 10 312 21 0 4 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

159 159 153 122 0 54 31 6 0 0 0 0

45 45 45 41 0 18 4 0 0 0 0 0

64 64 64 64 0 6 0 0 0 0 0 0

104 104 104 71 0 2 33 0 0 0 0 0

109 109 109 77 0 0 32 0 0 0 0 0

101 101 101 67 0 1 33 0 0 0 0 0

139 139 139 56 0 0 83 0 0 0 0 0

105 105 105 69 0 0 36 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

69 69 46 42 31 0 4 22 1 8 0 0

50 50 40 24 6 1 16 10 0 2 0 0

23 22 22 18 3 1 4 0 0 0 0 0

16 15 15 11 0 1 4 0 0 0 0 0

15 15 15 13 0 1 2 0 0 0 0 0

16 16 16 9 0 0 7 0 0 0 0 0

16 16 16 9 0 0 7 0 0 0 0 0

8 8 8 6 0 0 2 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

73 73 64 58 31 0 6 9 0 5 0 0

31 31 30 18 3 1 12 1 0 1 0 0

26 26 26 10 1 1 16 0 0 0 0 0

10 10 10 10 0 2 0 0 0 0 0 0

14 14 14 12 0 1 3 0 0 0 0 0

9 9 9 6 0 0 3 0 0 0 0 0

10 10 10 8 0 0 3 0 0 0 0 0

10 10 10 8 0 0 3 0 0 0 0 0

303 256

67 -8

-48 21

-147 76

-75 197

-406 9

93 123

207 196

474 32 0

1 0 0

0 14 0

79 175 0

0 298 0

0 429 0

0 13 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

24 12

24 13

26 13

29 13

32 12

36 12

36 11

38 10

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Guyana was granted debt relief effective in 2006 under MDRI.

155


HAITI (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

917 778 778 0 38 101 24

821 766 766 0 29 27 1

1,173 1,043 1,043 0 39 90 1

1,327 1,278 1,278 0 21 28 15

1,505 1,346 1,346 0 32 126 18

1,580 1,525 1,525 0 56 0 0

1,946 1,842 1,842 0 105 0 0

1,244 1,078 1,078 0 166 0 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

43 778 0 102

2 766 0 254

2 1,043 0 0

22 1,278 0 240

27 1,346 0 0

0 1,525 0 116

0 1,842 0 185

0 1,078 0 114

External debt flows Disbursements Long-term external debt IMF purchases

44 38 5

128 103 25

51 51 0

93 77 15

98 83 15

151 97 54

406 356 50

272 212 61

Principal repayments Long-term external debt IMF repurchases

21 8 12

66 34 32

24 18 6

38 34 5

38 34 4

56 23 33

34 34 0

30 26 3

Net flows Long-term external debt Short-term external debt

39 30 16

75 70 13

21 33 -6

21 44 -34

155 50 95

-14 74 -108

372 322 0

243 185 0

Interest payments Long-term external debt IMF charges Short-term external debt

15 6 3 7

32 25 5 2

20 15 1 5

19 17 0 1

21 17 1 3

26 22 1 3

24 23 0 0

15 15 1 0

8 0

7 ..

13 0

26 0

161 0

75 0

30 0

38 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 71.0

.. 0.0 0.0 0.0 77.5

.. 0.0 0.0 0.0 82.1

3.4 0.0 0.0 0.0 80.4

3.6 0.0 0.0 0.0 81.3

5.7 0.0 0.0 0.0 80.9

5.0 0.0 0.0 0.0 84.0

4.3 0.0 0.0 0.0 86.4

1.4 38.9 10.4

1.2 39.9 10.4

0.0 0.0 0.0

1.0 39.4 10.3

0.0 0.0 0.0

1.8 34.0 8.2

1.0 25.0 3.0

1.0 24.9 3.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. 325 .. 540 0 -22 10

.. 192 .. 832 4 -87 199

.. 504 578 1,378 0 -114 183

.. 605 986 1,888 0 7 134

.. 708 1,063 2,154 0 -85 254

.. 801 1,222 2,404 0 -86 453

.. 861 1,370 2,876 0 -289 543

.. 964 1,376 2,831 0 -232 790

282.2 .. 11.1 11.0 54.0 1.1 0.2

426.8 .. 51.0 3.2 74.9 24.2 2.9

232.8 .. 8.8 7.7 77.3 15.6 1.6

219.3 .. 9.4 2.1 81.1 10.1 0.9

212.6 .. 8.4 8.4 76.0 16.9 1.4

197.3 .. 10.3 .. 79.0 28.7 2.3

226.1 .. 6.7 .. 68.3 27.9 2.3

129.0 .. 4.6 .. 41.8 63.5 3.3

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

156


HAITI (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

778 778 732 495 0 324 236 47 0 47 0 0

766 766 766 615 0 389 150 0 0 0 0 0

1,043 1,043 1,043 907 0 480 136 0 0 0 0 0

1,278 1,278 1,278 1,076 0 505 202 0 0 0 0 0

1,346 1,346 1,346 1,144 0 511 202 0 0 0 0 0

1,525 1,525 1,525 1,248 0 518 276 0 0 0 0 0

1,842 1,842 1,842 1,329 0 507 513 0 0 0 0 0

1,078 1,078 1,078 520 0 39 558 0 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

38 38 38 27 0 14 11 0 0 0 0 0

103 103 103 103 0 49 1 0 0 0 0 0

51 51 51 51 0 8 0 0 0 0 0 0

77 77 77 77 0 9 0 0 0 0 0 0

83 83 83 83 0 9 0 0 0 0 0 0

97 97 97 97 0 0 0 0 0 0 0 0

356 356 356 121 0 0 235 0 0 0 0 0

212 212 212 98 0 0 114 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8 8 8 5 0 1 3 0 0 0 0 0

34 34 34 30 0 10 3 0 0 0 0 0

18 18 18 14 0 7 4 0 0 0 0 0

34 34 34 29 0 14 5 0 0 0 0 0

34 34 34 31 0 13 3 0 0 0 0 0

23 23 23 18 0 7 5 0 0 0 0 0

34 34 34 29 0 16 5 0 0 0 0 0

26 26 26 22 0 11 5 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

6 6 6 5 0 2 1 0 0 0 0 0

25 25 25 24 0 10 1 0 0 0 0 0

15 15 15 9 0 4 5 0 0 0 0 0

17 17 17 15 0 5 2 0 0 0 0 0

17 17 17 16 0 4 2 0 0 0 0 0

22 22 22 17 0 4 5 0 0 0 0 0

23 23 23 19 0 4 4 0 0 0 0 0

15 15 15 12 0 2 3 0 0 0 0 0

81 39

86 75

-16 21

16 21

178 155

75 -14

366 372

-703 243

0 0 0

108 11 0

0 0 0

0 0 0

0 1 0

93 32 0

12 18 0

99 936 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

15 13

23 19

29 19

32 18

35 18

38 18

46 17

47 16

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2006 and in 2009. Data for 2007, 2008, and 2009 include the effects of MDRI and HIPC debt relief, in the amount of $8,148 in thousands, $814 in thousands, and $451,744 in thousands respectively.

157


HONDURAS (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

3,718 3,487 3,420 66 32 199 89

4,851 4,370 4,247 123 99 382 63

5,402 4,813 4,253 560 216 374 35

5,226 4,645 4,137 509 168 412 12

4,207 3,666 3,031 635 31 510 9

3,311 2,617 1,994 624 32 662 9

3,508 2,960 2,303 657 31 517 3

3,675 3,326 2,446 880 32 317 10

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

190 3,313 173 452

197 4,223 147 358

72 4,233 580 174

48 4,137 509 369

47 3,031 635 198

44 1,994 624 269

32 2,303 657 539

30 2,446 880 257

External debt flows Disbursements Long-term external debt IMF purchases

457 429 29

379 349 31

368 347 21

496 481 15

357 342 15

385 385 0

649 649 0

704 704 0

Principal repayments Long-term external debt IMF repurchases

211 176 35

352 308 44

261 256 5

280 264 15

203 203 0

234 234 0

277 277 0

341 341 0

Net flows Long-term external debt Short-term external debt

129 252 -117

90 40 62

44 90 -63

246 217 30

255 140 101

304 152 152

233 372 -139

156 363 -207

Interest payments Long-term external debt IMF charges Short-term external debt

178 157 6 15

226 203 5 18

131 107 4 20

105 83 1 21

131 102 0 29

114 81 0 33

91 76 0 14

73 68 0 5

44 0

50 0

382 0

600 0

669 0

929 0

877 0

500 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 8.4 0.9 2.1 45.2

.. 9.2 0.6 1.4 48.9

.. 7.9 0.4 0.9 65.7

5.7 0.5 0.0 0.1 72.5

4.9 0.0 0.0 0.2 65.8

8.8 0.0 0.0 0.2 68.1

9.4 0.0 0.0 0.2 69.1

10.0 0.0 0.0 0.1 69.2

6.1 22.7 6.5

2.3 29.5 7.2

1.5 39.7 10.2

1.3 26.3 9.3

1.7 29.1 8.6

1.8 27.0 8.5

2.8 24.4 5.4

3.4 26.7 5.5

9.9 7.1 0.6

8.4 28.6 1.1

3.8 7.2 3.0

1.7 50.0 10.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.8 18.2 18.2

2,797 1,053 63 1,384 72 -51 47

3,649 1,667 124 2,111 40 -201 270

6,951 4,001 484 5,047 160 -508 1,319

9,300 5,893 1,821 8,092 479 -304 2,338

10,376 6,220 2,391 9,074 621 -381 2,642

12,013 6,695 2,625 10,621 535 -1,275 2,546

13,695 7,128 2,869 12,126 460 -1,977 2,492

14,182 6,102 2,553 9,202 472 .. ..

353.0 132.9 36.9 5.4 42.5 1.3 0.4

291.0 132.9 34.7 7.9 44.4 5.6 1.5

135.0 77.7 9.8 6.9 50.5 24.4 3.1

88.7 56.2 6.5 7.9 60.9 44.7 3.5

67.6 40.5 5.4 12.1 54.3 62.8 3.5

49.5 27.6 5.2 20.0 38.4 76.9 2.9

49.2 25.6 5.2 14.7 40.8 71.0 2.5

60.2 25.9 6.8 8.6 41.3 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

158


HONDURAS (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,487 3,420 2,978 1,581 558 77 1,396 442 0 204 66 0

4,370 4,247 3,882 2,153 443 386 1,729 364 139 82 123 0

4,813 4,253 4,150 2,728 151 838 1,423 102 0 46 560 0

4,645 4,137 4,082 3,183 0 1,353 899 55 0 44 509 0

3,666 3,031 2,979 2,282 0 349 696 53 0 43 635 0

2,617 1,994 1,955 1,273 0 401 682 39 0 28 624 0

2,960 2,303 2,266 1,431 0 449 835 37 0 26 657 0

3,326 2,446 2,359 1,517 0 502 843 87 50 26 880 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

429 421 364 190 82 0 174 57 0 22 8 0

349 287 258 209 7 77 49 29 0 3 62 0

347 163 159 120 0 38 38 4 0 1 184 0

481 302 297 253 0 151 44 4 0 4 179 0

342 210 210 186 0 58 24 0 0 0 133 0

385 230 229 152 0 46 77 1 0 0 155 0

649 431 430 196 0 51 234 1 0 0 218 0

704 247 197 113 0 49 84 50 50 0 457 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

176 151 143 137 94 2 6 8 0 4 25 0

308 270 243 158 58 2 84 27 13 6 39 0

256 90 89 86 27 2 3 1 0 1 166 0

264 138 138 122 70 8 15 1 0 1 126 0

203 90 87 49 0 3 38 3 0 1 112 0

234 104 102 38 0 0 65 2 0 1 130 0

277 54 53 33 0 0 19 1 0 1 223 0

341 107 106 34 0 0 72 1 0 1 234 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

157 155 150 141 96 1 8 6 0 5 1 0

203 199 179 103 38 3 75 20 7 5 5 0

107 75 75 66 15 6 9 0 0 0 31 0

83 63 63 50 3 10 13 0 0 0 20 0

102 65 64 46 0 6 19 0 0 0 37 0

81 53 52 35 0 3 18 0 0 0 28 0

76 49 49 35 0 3 14 0 0 0 27 0

68 41 41 31 0 3 10 0 0 0 27 0

332 129

125 90

39 44

-839 246

-1,019 255

-896 304

197 233

167 156

308 61 0

25 10 0

413 19 0

58 779 0

10 1,511 0

31 1,193 0

0 62 0

0 8 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

95 63

85 65

89 66

105 65

101 65

109 64

107 62

119 59

238 40

168 29

151 20

90 15

71 11

53 7

44 5

35 3

Notes: Data for 2007 include the effects of MDRI, in the amount of $8,697 in thousands.

159


INDIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

85,661 74,346 72,858 1,488 2,771 8,544 0

95,174 87,709 81,091 6,618 2,416 5,049 0

100,243 96,781 81,195 15,586 0 3,462 0

120,224 111,408 54,729 56,680 0 8,816 0

158,493 133,396 60,035 73,361 0 25,097 0

202,793 166,700 69,719 96,980 0 36,093 0

224,713 180,891 74,967 105,925 0 43,821 0

237,692 194,741 76,531 118,211 0 42,950 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 72,317 2,029 8,606

0 80,631 7,078 4,914

0 80,709 16,072 10,707

0 54,600 56,808 2,491

0 59,926 73,470 4,557

0 69,624 97,076 11,530

0 74,809 106,082 3,722

0 76,361 118,380 0

External debt flows Disbursements Long-term external debt IMF purchases

8,255 6,533 1,723

7,147 7,147 0

10,556 10,556 0

19,380 19,380 0

32,426 32,426 0

64,455 64,455 0

37,566 37,566 0

22,778 22,778 0

Principal repayments Long-term external debt IMF repurchases

3,345 2,633 713

8,676 6,949 1,727

6,728 6,702 25

19,384 19,384 0

12,412 12,412 0

32,097 32,097 0

23,667 23,667 0

10,728 10,728 0

Net flows Long-term external debt Short-term external debt

5,953 3,900 1,043

-745 197 785

3,358 3,854 -471

1,949 -3 1,952

36,295 20,014 16,281

43,355 32,359 10,996

21,628 13,899 7,728

11,179 12,050 -871

Interest payments Long-term external debt IMF charges Short-term external debt

4,796 3,766 131 899

4,931 4,363 183 385

4,193 4,007 1 185

4,509 4,196 0 314

4,947 4,523 0 424

7,268 5,486 0 1,782

7,269 5,706 0 1,563

5,422 4,867 0 555

237 0

2,144 1,590

3,584 2,481

7,606 12,151

20,336 9,509

25,127 34,986

41,169 -15,030

34,577 21,111

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 9.9 6.1 0.7 59.6

.. 15.1 4.7 0.9 52.0

.. 12.6 3.8 0.3 66.3

7.4 20.0 3.7 0.3 65.6

7.0 20.3 3.1 0.3 66.1

6.4 19.1 2.5 0.2 67.3

5.5 22.9 2.1 0.2 64.4

5.3 21.6 1.9 0.1 65.2

3.9 28.7 8.4

3.5 26.7 8.3

5.5 24.0 6.6

2.9 25.2 7.2

2.9 28.2 5.1

3.4 24.2 6.2

1.8 26.5 5.4

1.1 27.8 6.5

6.8 15.0 7.3

5.7 5.9 4.8

4.3 5.1 4.8

4.6 3.5 3.5

5.8 3.1 1.4

6.4 10.1 3.9

4.5 7.8 2.3

3.6 3.4 2.5

313,262 23,347 2,384 33,220 0 -7,036 5,637

352,268 39,499 6,223 53,444 0 -5,563 22,865

455,206 62,453 12,883 80,489 .. -4,601 41,059

831,296 160,348 22,125 194,274 5,244 -10,284 137,825

942,594 201,697 28,334 239,713 7,738 -9,299 178,050

1,227,861 248,928 37,217 297,356 10,526 -11,284 276,578

1,209,613 306,451 49,941 390,745 10,141 -36,088 257,423

1,304,800 274,404 49,256 323,960 .. .. 284,683

366.9 27.3 34.9 10.0 25.8 6.6 2.0

241.0 27.0 34.4 5.3 31.6 24.0 5.1

160.5 22.0 17.5 3.5 30.4 41.0 6.1

75.0 14.5 14.9 7.3 26.2 114.6 8.5

78.6 16.8 8.6 15.8 21.7 112.3 8.9

81.5 16.5 15.8 17.8 18.3 136.4 11.2

73.3 18.6 10.1 19.5 17.5 114.6 7.9

86.6 18.2 5.9 18.1 17.5 119.8 10.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

160


INDIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

74,346 72,858 49,800 22,096 7,685 13,622 27,704 23,058 2,785 16,246 1,488 0

87,709 81,091 57,595 30,052 9,849 17,499 27,543 23,496 3,324 13,465 6,618 1,020

96,781 81,195 51,633 30,474 7,078 18,888 21,159 29,562 10,240 18,166 15,586 1,515

111,408 54,729 49,994 31,451 5,276 22,728 18,543 4,734 1,360 3,214 56,680 5,761

133,396 60,035 52,859 34,411 6,007 24,433 18,448 7,176 2,213 4,825 73,361 10,254

166,700 69,719 57,142 37,200 6,680 25,319 19,942 12,577 4,664 7,790 96,980 15,327

180,891 74,967 62,208 39,327 7,429 25,365 22,881 12,759 4,520 8,115 105,925 14,732

194,741 76,531 64,266 41,486 8,048 25,980 22,780 12,265 5,542 6,625 118,211 15,331

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

6,533 6,319 3,532 2,197 1,219 749 1,335 2,786 416 1,982 214 0

7,147 5,968 2,842 1,942 589 729 900 3,125 85 1,719 1,179 520

10,556 10,256 3,260 2,371 706 1,054 888 6,996 5,520 878 300 0

19,380 6,630 3,824 2,811 863 1,290 1,013 2,805 1,714 1,091 12,751 2,920

32,426 8,360 3,706 2,725 979 1,005 981 4,655 2,452 2,203 24,066 4,549

64,455 15,970 4,631 3,164 1,003 802 1,467 11,338 7,389 3,949 48,486 7,793

37,566 17,678 5,661 3,620 1,122 961 2,041 12,017 11,507 510 19,888 594

22,778 6,528 4,789 3,512 1,126 1,252 1,277 1,739 1,615 124 16,250 2,473

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,633 2,314 1,227 609 472 114 618 1,088 279 248 318 0

6,949 6,793 3,885 1,513 943 226 2,372 2,908 320 1,807 156 0

6,702 6,454 3,493 1,740 994 367 1,754 2,960 0 2,737 249 35

19,384 12,469 2,689 951 210 607 1,738 9,781 8,457 1,201 6,914 117

12,412 4,796 2,588 1,155 259 653 1,433 2,208 1,597 589 7,617 57

32,097 8,842 2,380 1,200 346 700 1,180 6,462 5,313 1,130 23,255 409

23,667 13,429 2,979 1,347 390 764 1,632 10,450 9,468 963 10,238 880

10,728 5,074 2,903 1,474 455 797 1,429 2,170 588 1,559 5,654 1,679

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3,766 3,631 1,489 737 615 96 752 2,142 180 1,748 135 0

4,363 3,832 1,872 1,061 770 131 811 1,960 187 1,265 531 56

4,007 3,378 1,430 835 428 139 596 1,947 143 1,742 630 224

4,196 3,022 1,059 458 159 187 601 1,963 1,799 155 1,174 141

4,523 1,290 1,073 647 280 185 426 217 40 172 3,233 217

5,486 1,447 1,168 780 356 189 388 279 41 234 4,038 330

5,706 1,512 1,156 743 313 201 413 356 61 291 4,194 278

4,867 1,247 987 540 201 185 447 259 60 196 3,620 290

9,720 5,953

-4,435 -745

1,115 3,358

-2,362 1,949

38,268 36,295

44,300 43,355

21,920 21,628

12,979 11,179

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

4,678 1,032

4,730 1,012

4,898 959

5,153 886

5,264 806

5,163 723

5,003 645

4,919 569

35,786 5,402

22,861 4,067

24,769 3,029

11,742 2,094

9,421 1,610

7,067 1,196

6,274 879

4,922 606

Notes: External debt data prior to 2003 are mechanically adjusted from fiscal year to calendar year. Public and publicly guaranteed bonds include Foreign Institutional Investor debt (FII) as reported by the Reserve Bank of India. Short-term debt is based on reports provided by the country and data for 2006 are revised.

161


INDONESIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

69,872 58,242 47,982 10,261 494 11,135 0

124,413 98,446 65,323 33,123 0 25,966 0

143,358 110,832 69,663 41,169 10,838 21,688 4,632

134,353 117,512 74,248 43,264 7,807 9,034 0

125,348 115,363 70,541 44,822 0 9,984 0

133,917 118,469 72,085 46,384 0 15,448 0

146,247 127,194 79,812 47,383 0 19,052 0

157,517 138,854 86,020 52,834 0 18,662 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1 47,982 10,261 6,854

0 65,323 33,123 11,003

3,000 69,663 41,169 2,221

148 74,248 43,264 4,541

0 70,541 44,822 4,727

0 72,085 46,384 5,948

0 79,812 47,383 9,723

0 86,020 52,834 14,791

External debt flows Disbursements Long-term external debt IMF purchases

10,024 10,024 0

13,633 13,633 0

6,773 5,651 1,123

13,879 13,879 0

18,472 18,472 0

18,339 18,339 0

22,928 22,928 0

31,424 31,424 0

Principal repayments Long-term external debt IMF repurchases

5,969 5,812 157

10,200 10,200 0

9,269 9,269 0

16,891 15,746 1,145

24,464 16,427 8,037

18,819 18,819 0

16,712 16,712 0

20,428 20,428 0

Net flows Long-term external debt Short-term external debt

7,216 4,213 3,160

9,943 3,434 6,509

-1,969 -3,618 527

-8,602 -1,868 -5,590

-5,042 2,045 950

4,984 -480 5,464

9,821 6,217 3,604

10,606 10,996 -390

Interest payments Long-term external debt IMF charges Short-term external debt

3,978 3,413 59 506

6,221 4,937 0 1,284

7,356 5,674 526 1,157

3,337 2,933 313 91

3,817 3,416 292 109

5,113 4,996 0 117

4,656 4,461 0 195

4,424 4,301 0 123

1,093 0

4,346 1,493

-4,550 -1,021

8,336 -165

4,914 1,898

6,928 3,559

9,318 322

4,877 787

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 34.6 1.4 0.4 20.9

.. 35.3 0.8 0.7 21.5

.. 33.1 1.2 0.6 50.3

13.3 33.8 2.2 0.6 45.4

14.4 34.0 2.0 0.6 44.3

14.7 33.5 1.8 0.5 44.6

11.7 36.6 1.1 0.4 45.6

10.1 32.4 1.0 0.4 51.7

5.5 23.5 6.5

5.1 21.4 5.8

2.9 24.5 6.8

3.9 23.5 6.1

3.9 25.7 6.7

2.8 24.7 7.4

2.1 20.4 6.9

1.6 22.2 5.5

7.3 17.1 3.9

6.8 12.4 3.8

6.6 7.7 4.4

6.9 14.7 12.9

7.2 20.9 18.3

6.4 27.4 26.6

6.9 18.0 17.4

9.6 8.0 7.7

109,209 29,704 166 33,110 2,192 -2,988 8,657

196,188 54,229 651 61,641 718 -6,431 14,908

150,317 73,079 1,190 66,903 3,574 7,992 29,353

271,958 102,260 5,420 106,775 9,525 278 34,731

349,038 117,635 5,722 111,639 9,637 10,859 42,597

414,441 133,971 6,174 128,582 10,813 10,493 56,936

492,372 158,444 6,794 163,682 10,675 126 51,641

521,391 135,180 6,793 129,295 8,848 10,746 66,119

235.2 64.0 33.5 15.9 20.4 12.4 3.1

229.4 63.4 30.3 20.9 16.1 12.0 2.9

196.2 95.4 22.7 15.1 13.9 20.5 5.3

131.4 49.4 19.8 6.7 13.8 25.9 3.9

106.6 35.9 24.0 8.0 14.6 34.0 4.6

100.0 32.3 17.9 11.5 13.9 42.5 5.3

92.3 29.7 13.5 13.0 13.6 35.3 3.8

116.5 30.2 18.4 11.8 13.4 42.0 6.1

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

162


INDONESIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

58,242 47,982 33,041 14,285 9,542 842 18,756 14,941 696 8,614 10,261 120

98,446 65,323 51,296 20,013 12,503 756 31,284 14,027 704 7,178 33,123 3,420

110,832 69,663 54,897 19,904 11,715 714 34,992 14,766 971 10,489 41,169 6,337

117,512 74,248 59,951 18,514 8,132 1,001 41,437 14,297 4,029 8,062 43,264 5,878

115,363 70,541 58,427 18,246 7,423 1,318 40,181 12,114 5,157 5,090 44,822 6,222

118,469 72,085 58,790 18,611 6,821 1,550 40,179 13,296 6,370 5,168 46,384 4,668

127,194 79,812 63,245 19,962 6,968 2,006 43,283 16,567 10,450 4,640 47,383 4,678

138,854 86,020 63,324 21,052 7,876 2,234 42,272 22,696 14,344 5,810 52,834 5,897

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

10,024 5,009 4,000 1,794 987 0 2,206 1,009 0 494 5,015 120

13,633 6,670 4,254 1,777 1,045 0 2,477 2,416 605 1,010 6,963 1,763

5,651 3,301 3,038 1,750 1,051 59 1,287 263 0 258 2,350 350

13,879 5,012 2,578 1,667 585 67 911 2,434 2,095 264 8,866 194

18,472 7,121 3,798 1,876 696 315 1,922 3,323 1,930 947 11,351 144

18,339 6,098 3,825 2,134 767 219 1,691 2,273 1,425 552 12,240 486

22,928 9,062 4,599 2,842 1,398 494 1,758 4,462 4,080 378 13,867 368

31,424 12,729 6,142 3,020 2,044 244 3,122 6,587 3,893 1,656 18,695 1,808

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5,812 4,588 1,586 677 551 11 909 3,001 94 1,718 1,224 0

10,200 5,717 3,128 1,289 955 20 1,840 2,589 0 1,681 4,483 120

9,269 3,869 1,587 1,116 761 26 471 2,282 0 2,107 5,400 2,400

15,746 6,231 3,539 1,957 1,390 27 1,583 2,692 310 1,679 9,515 267

16,427 6,926 5,366 1,976 1,403 27 3,390 1,560 252 982 9,501 257

18,819 8,070 6,789 1,971 1,369 27 4,818 1,281 212 679 10,749 432

16,712 6,491 5,738 1,920 1,252 27 3,817 753 0 594 10,221 261

20,428 7,060 6,131 1,910 1,135 31 4,221 929 0 767 13,368 588

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3,413 2,808 1,585 990 731 6 596 1,222 62 699 605 0

4,937 3,775 2,668 1,403 921 6 1,265 1,107 6 676 1,161 139

5,674 3,738 2,576 1,383 950 5 1,193 1,163 72 871 1,935 735

2,933 1,921 1,189 865 481 9 324 732 136 510 1,012 113

3,416 2,118 1,712 832 425 10 880 406 97 195 1,298 184

4,996 2,730 2,042 861 435 11 1,181 689 331 251 2,266 202

4,461 2,718 1,968 789 370 13 1,179 751 439 220 1,743 89

4,301 2,802 1,693 584 249 15 1,109 1,109 837 187 1,499 31

10,470 7,216

16,577 9,943

-8,121 -1,969

-2,772 -8,602

-9,005 -5,042

8,570 4,984

12,329 9,821

11,270 10,606

0 0 0

0 0 0

2,461 0 0

2,608 0 0

0 92 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

6,466 1,481

5,824 1,363

5,756 1,233

6,063 1,101

5,703 960

5,290 826

4,753 702

4,200 598

9,214 3,633

11,420 3,264

7,991 2,832

5,806 2,845

9,063 2,513

3,020 1,873

3,568 1,625

2,538 1,398

Notes: Debt data are significantly revised as previous publications included local currency external debt. Data on long-term private nonguaranteed debt data might include short-term debt data until 2005 and are revised based on reports provided by the country from 2006.

163


IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

9,020 1,797 1,797 0 0 7,224 456

21,565 15,116 15,116 0 0 6,449 6

7,717 4,709 4,709 0 0 3,008 0

21,879 10,521 10,521 0 0 11,358 0

19,386 11,127 11,127 0 0 8,259 0

21,072 11,172 11,172 0 0 9,900 0

13,967 8,932 8,932 0 0 5,035 0

13,435 7,524 7,524 0 0 5,911 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1,517 1,797 0 1,241

48 15,031 84 1,978

0 4,689 20 2,813

0 10,511 10 1,992

0 11,120 7 797

0 11,166 6 0

0 8,929 3 35

0 7,524 0 10

External debt flows Disbursements Long-term external debt IMF purchases

139 139 0

979 979 0

1,469 1,469 0

2,750 2,750 0

1,724 1,724 0

1,106 1,106 0

978 978 0

504 504 0

Principal repayments Long-term external debt IMF repurchases

225 225 0

4,120 4,120 0

2,345 2,345 0

1,733 1,733 0

1,718 1,718 0

2,006 2,006 0

2,162 2,162 0

2,093 2,093 0

Net flows Long-term external debt Short-term external debt

2,480 -86 2,566

-227 -3,141 2,914

-1,485 -876 -609

1,439 1,017 422

-3,093 6 -3,099

740 -901 1,641

-6,049 -1,184 -4,865

-713 -1,589 876

Interest payments Long-term external debt IMF charges Short-term external debt

430 28 0 402

1,602 1,107 0 494

572 391 0 180

1,099 419 0 680

1,033 509 0 524

946 572 0 374

616 502 0 114

485 278 0 207

-362 0

17 0

39 0

3,136 ..

1,647 ..

1,670 ..

1,615 ..

3,016 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 4.2 0.0 0.0 88.6

.. 4.9 0.0 0.6 71.5

.. 9.4 0.6 3.9 68.3

52.3 8.1 0.1 4.4 34.9

55.9 6.8 0.1 3.6 33.4

58.5 6.9 0.0 3.4 31.0

57.1 7.3 0.0 2.7 32.8

57.0 7.5 0.0 2.4 32.9

7.3 13.5 5.0

7.5 8.2 2.3

4.9 13.5 4.4

4.4 15.0 4.4

5.9 11.8 3.8

0.0 0.0 0.0

0.0 0.0 0.0

7.8 9.9 5.4

8.6 8.3 3.7

6.3 11.3 3.4

6.6 10.3 2.9

4.9 10.1 2.6

6.0 10.0 2.5

0.0 0.0 0.0

5.6 6.7 2.2

0.0 0.0 0.0

115,922 20,197 .. 22,370 0 327 ..

90,172 19,269 1,600 15,907 0 3,358 ..

101,335 30,131 536 18,107 0 12,481 ..

188,503 .. 1,032 .. .. .. ..

219,296 .. 1,032 .. .. .. ..

283,000 .. 1,115 .. .. .. ..

335,654 .. 1,115 .. .. .. ..

328,593 .. 1,072 .. .. .. ..

44.7 7.8 3.2 80.1 1.3 .. ..

111.9 23.9 29.7 29.9 1.8 .. ..

25.6 7.6 9.7 39.0 6.6 .. ..

.. 11.6 .. 51.9 1.7 .. ..

.. 8.8 .. 42.6 2.9 .. ..

.. 7.4 .. 47.0 3.3 .. ..

.. 4.2 .. 36.1 5.4 .. ..

.. 4.1 .. 44.0 6.2 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

164


IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,797 1,797 225 116 86 0 110 1,571 0 1,055 0 0

15,116 15,116 11,354 381 316 0 10,974 3,761 0 5 0 0

4,709 4,709 1,664 507 481 0 1,157 3,045 0 1,043 0 0

10,521 10,521 2,045 381 378 0 1,663 8,476 0 4,041 0 0

11,127 11,127 2,284 559 559 0 1,725 8,843 0 4,535 0 0

11,172 11,172 2,436 699 699 0 1,737 8,736 0 4,798 0 0

8,932 8,932 2,389 761 761 0 1,628 6,542 0 3,818 0 0

7,524 7,524 2,254 836 836 0 1,418 5,269 0 3,157 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

139 139 30 30 0 0 0 109 0 0 0 0

979 979 393 123 85 0 270 586 0 1 0 0

1,469 1,469 477 120 114 0 357 993 0 268 0 0

2,750 2,750 672 258 247 0 414 2,078 0 1,399 0 0

1,724 1,724 508 248 248 0 261 1,216 0 941 0 0

1,106 1,106 303 212 212 0 91 803 0 651 0 0

978 978 295 144 144 0 152 682 0 605 0 0

504 504 209 159 159 0 50 295 0 270 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

225 225 86 67 67 0 18 139 0 0 0 0

4,120 4,120 3,497 41 6 0 3,456 622 0 1 0 0

2,345 2,345 1,785 108 70 0 1,677 561 0 67 0 0

1,733 1,733 328 155 145 0 173 1,405 0 713 0 0

1,718 1,718 275 75 66 0 199 1,443 0 690 0 0

2,006 2,006 301 73 73 0 228 1,705 0 930 0 0

2,162 2,162 331 66 66 0 264 1,831 0 1,051 0 0

2,093 2,093 381 84 84 0 297 1,712 0 1,006 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

28 28 14 10 10 0 4 14 0 0 0 0

1,107 1,107 787 27 19 0 759 321 0 0 0 0

391 391 190 44 40 0 146 202 0 82 0 0

419 419 103 39 39 0 63 316 0 155 0 0

509 509 98 25 25 0 73 410 0 220 0 0

572 572 114 36 36 0 78 458 0 264 0 0

502 502 89 25 25 0 64 413 0 237 0 0

278 278 73 15 15 0 58 205 0 122 0 0

2,502 2,480

-677 -227

-1,629 -1,485

940 1,439

-2,493 -3,093

1,686 740

-7,105 -6,049

-532 -713

0 0 0

3,178 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

514 52

441 41

429 30

282 22

246 17

182 12

165 8

122 6

1,765 82

1,284 59

1,054 39

740 24

502 13

315 6

179 2

74 1

Notes: Fiscal year-end for external debt data is March.

165


JAMAICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

4,761 4,058 4,024 34 357 346 124

4,581 3,849 3,721 128 240 492 102

4,724 3,871 3,768 103 60 793 150

6,531 5,914 5,524 390 0 617 225

8,059 6,956 6,144 811 0 1,103 261

10,422 8,883 6,710 2,173 0 1,539 284

10,331 9,068 6,904 2,164 0 1,263 267

10,959 9,905 6,664 3,241 0 1,054 239

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

157 4,024 34 360

203 3,721 128 234

131 3,767 104 1,066

146 5,523 391 1,123

219 6,143 813 886

157 6,709 2,174 809

146 6,902 2,165 720

176 6,663 3,242 774

External debt flows Disbursements Long-term external debt IMF purchases

348 292 56

316 305 11

904 904 0

1,346 1,346 0

1,216 1,216 0

2,396 2,396 0

692 692 0

1,502 1,502 0

Principal repayments Long-term external debt IMF repurchases

401 290 111

436 340 95

443 424 19

551 550 1

312 312 0

590 590 0

459 459 0

702 702 0

Net flows Long-term external debt Short-term external debt

-99 2 -45

-106 -35 14

440 481 -21

317 797 -479

1,354 904 450

2,219 1,806 413

-26 233 -259

619 800 -181

Interest payments Long-term external debt IMF charges Short-term external debt

260 202 34 24

232 191 17 24

261 208 4 49

419 387 0 32

512 473 0 39

717 657 0 60

702 675 0 27

748 736 0 12

138 0

147 0

468 0

682 0

882 0

866 0

1,437 0

541 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 4.7 5.7 0.0 50.0

.. 9.9 4.1 0.0 47.6

.. 7.1 2.0 0.0 61.7

17.9 3.4 1.5 0.0 70.1

20.4 2.8 1.4 0.0 70.0

22.2 2.4 1.2 0.0 69.8

20.3 2.7 0.5 0.0 72.6

17.3 2.6 0.6 0.0 76.2

7.5 19.8 4.7

5.6 21.6 4.7

6.1 19.8 5.4

4.1 22.0 5.7

1.4 18.5 16.9

3.2 19.8 5.1

4.3 23.8 5.4

3.8 16.5 4.2

8.7 1.9 0.4

6.3 8.9 2.1

11.0 6.0 4.2

8.2 12.8 10.6

7.9 20.6 15.3

7.7 27.2 23.0

7.5 10.8 8.2

4.8 8.0 1.0

4,158 2,325 229 2,928 189 -312 168

5,569 3,541 653 4,246 230 -99 681

8,662 3,782 892 4,970 290 -367 1,054

10,476 4,322 1,784 6,972 454 -1,072 2,170

11,375 5,161 1,946 8,092 376 -1,183 2,318

11,995 5,590 2,144 9,673 533 -2,043 1,879

13,955 5,782 2,180 10,970 376 -3,038 1,773

14,095 4,273 1,924 7,259 232 .. 2,080

204.8 114.5 28.5 7.3 24.7 3.5 0.7

129.4 82.3 18.8 10.7 26.9 14.9 1.9

124.9 54.5 18.6 16.8 25.8 22.3 2.5

151.1 62.3 22.4 9.4 20.4 33.2 3.7

156.2 70.8 16.0 13.7 16.1 28.8 3.4

186.4 86.9 23.4 14.8 12.1 18.0 2.3

178.7 74.0 20.1 12.2 12.9 17.2 1.9

256.5 77.8 33.9 9.6 13.9 19.0 3.4

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

166


JAMAICA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

4,058 4,024 3,463 1,174 672 0 2,289 561 0 331 34 0

3,849 3,721 3,363 1,234 595 0 2,129 358 25 269 128 55

3,871 3,768 2,449 1,218 415 0 1,231 1,320 1,004 265 103 0

5,914 5,524 2,124 1,333 410 0 791 3,400 3,043 317 390 300

6,956 6,144 2,157 1,298 387 0 859 3,988 3,568 385 811 730

8,883 6,710 2,258 1,260 360 0 998 4,452 4,050 357 2,173 2,130

9,068 6,904 2,271 1,336 327 0 935 4,633 4,218 380 2,164 2,130

9,905 6,664 2,407 1,520 398 0 887 4,257 3,890 326 3,241 3,215

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

292 292 253 110 35 0 144 39 0 0 0 0

305 250 193 125 61 0 68 57 13 42 55 0

904 904 311 255 98 0 57 593 553 24 0 0

1,346 1,039 87 67 17 0 20 952 875 75 307 300

1,216 786 234 82 18 0 153 552 450 97 430 430

2,396 996 274 93 19 0 182 722 625 80 1,400 1,400

692 692 266 219 13 0 47 426 350 76 0 0

1,502 417 350 336 120 0 14 67 0 57 1,085 1,085

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

290 281 205 100 62 0 105 76 0 1 8 0

340 335 255 127 85 0 129 80 0 73 5 0

424 360 273 122 60 0 151 87 13 47 64 55

550 541 231 119 39 0 113 310 256 44 9 0

312 303 246 137 43 0 109 58 0 44 9 0

590 567 244 154 48 0 89 324 229 85 22 0

459 450 260 148 47 0 113 190 138 44 9 0

702 694 229 153 49 0 75 465 345 115 9 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

202 200 165 85 58 0 79 35 0 20 3 0

191 181 158 83 47 0 75 23 2 19 11 5

208 195 120 65 22 0 55 75 50 18 13 2

387 361 84 63 19 0 21 277 265 11 26 21

473 422 91 67 22 0 24 332 325 6 51 45

657 472 90 69 22 0 21 382 373 8 185 181

675 480 80 62 19 0 18 400 392 7 194 191

736 510 95 59 15 0 36 415 404 10 226 224

120 -99

-29 -106

798 440

80 317

1,528 1,354

2,363 2,219

-91 -26

628 619

469 25 0

105 0 0

0 4 0

0 2 0

0 3 0

0 2 0

0 6 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

240 74

189 70

327 66

321 56

179 47

179 42

167 37

155 32

117 677

511 649

957 612

229 536

322 479

2,231 354

282 261

1,216 200

Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates based on information from market sources.

167


JORDAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

8,333 7,202 7,202 0 94 1,037 107

7,661 6,624 6,624 0 251 785 67

7,355 6,183 6,183 0 462 710 102

7,696 6,878 6,878 0 236 582 0

8,055 7,143 7,143 0 158 754 1

8,371 7,321 7,321 0 88 962 0

6,580 5,126 5,126 0 28 1,426 0

6,615 5,445 5,445 0 12 1,158 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

529 7,202 0 749

177 6,624 0 1,259

281 6,148 35 384

17 6,790 88 337

36 7,000 142 159

34 7,172 150 220

34 4,978 148 427

17 5,306 139 811

External debt flows Disbursements Long-term external debt IMF purchases

691 691 0

724 609 115

196 176 20

434 434 0

277 277 0

190 190 0

230 230 0

762 762 0

Principal repayments Long-term external debt IMF repurchases

252 242 10

337 329 8

424 393 31

418 341 77

441 353 88

486 409 76

2,471 2,412 59

421 405 16

Net flows Long-term external debt Short-term external debt

604 449 165

484 280 97

-399 -217 -171

97 93 81

7 -76 171

-87 -220 209

-1,777 -2,182 464

73 357 -268

Interest payments Long-term external debt IMF charges Short-term external debt

377 310 9 58

263 209 10 43

315 239 24 52

198 160 10 27

249 196 10 42

284 227 7 49

232 200 3 29

164 147 0 17

38 0

13 0

913 -17

1,984 169

3,544 144

2,622 346

2,827 521

2,382 -30

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 5.8 7.9 0.8 45.7

.. 25.6 5.5 0.5 28.9

.. 27.5 3.4 0.4 29.3

21.1 20.1 8.9 1.1 26.4

23.3 18.3 9.3 0.7 25.9

24.1 17.8 9.3 0.7 25.3

12.6 29.9 0.0 0.3 24.8

12.0 25.9 0.0 0.3 31.1

3.9 22.0 7.4

4.7 21.8 8.4

4.8 19.5 6.4

2.9 23.6 6.0

3.4 21.1 5.8

4.6 20.5 6.0

3.5 20.8 5.7

2.1 17.6 4.7

8.9 7.0 1.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.2 34.3 11.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3,805 2,578 499 3,850 0 -227 1,139

6,449 3,594 1,441 5,297 0 -259 2,279

8,596 4,207 1,845 6,363 33 27 3,441

13,037 7,426 2,500 12,314 74 -2,272 5,461

15,420 9,144 2,883 13,810 130 -1,726 6,982

17,813 10,684 3,434 16,421 163 -2,875 7,925

22,168 13,751 3,794 19,867 257 -2,177 8,918

23,399 12,085 3,597 16,858 295 -1,265 12,135

323.2 219.0 24.4 12.4 10.6 13.7 3.5

213.1 118.8 16.7 10.2 15.5 29.8 5.2

174.8 85.6 17.6 9.7 23.2 46.8 6.5

103.6 59.0 8.3 7.6 24.8 71.0 5.3

88.1 52.2 7.5 9.4 24.3 86.7 6.1

78.4 47.0 7.2 11.5 23.7 94.7 5.8

47.9 29.7 19.7 21.7 29.7 135.5 5.4

54.7 28.3 4.8 17.5 35.7 183.4 8.6

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

168


JORDAN (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

7,202 7,202 3,551 887 516 77 2,664 3,651 263 1,604 0 0

6,624 6,624 4,583 1,185 736 69 3,397 2,041 801 337 0 0

6,183 6,183 5,190 1,706 798 57 3,484 993 636 1 0 0

6,878 6,878 6,438 1,905 925 45 4,533 440 190 0 0 0

7,143 7,143 6,714 1,961 897 42 4,754 429 188 0 0 0

7,321 7,321 6,910 1,986 868 39 4,924 411 186 0 0 0

5,126 5,126 4,777 1,956 835 37 2,821 350 184 6 0 0

5,445 5,445 5,101 2,361 1,074 34 2,740 344 181 12 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

691 691 376 142 123 0 234 315 0 73 0 0

609 609 609 259 158 0 351 0 0 0 0 0

176 176 176 80 38 0 96 0 0 0 0 0

434 434 269 161 48 0 108 165 145 0 0 0

277 277 277 194 43 0 83 0 0 0 0 0

190 190 190 133 39 0 57 0 0 0 0 0

230 230 224 158 41 0 67 6 0 6 0 0

762 762 756 630 335 0 126 6 0 6 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

242 242 142 94 52 1 48 100 0 69 0 0

329 329 128 117 77 2 11 201 0 135 0 0

393 393 238 124 53 3 114 155 95 19 0 0

341 341 322 170 73 3 152 20 11 0 0 0

353 353 340 168 78 3 172 12 1 0 0 0

409 409 392 174 78 3 218 17 2 0 0 0

2,412 2,412 2,338 185 86 3 2,154 73 2 0 0 0

405 405 394 202 95 3 191 11 2 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

310 310 123 54 37 1 69 187 14 67 0 0

209 209 116 63 48 1 53 94 41 32 0 0

239 239 158 91 53 0 67 80 46 1 0 0

160 160 153 76 33 0 77 7 4 0 0 0

196 196 179 90 45 0 89 18 12 0 0 0

227 227 209 97 50 0 112 18 12 0 0 0

200 200 182 88 38 0 94 19 12 0 0 0

147 147 131 77 28 0 54 16 12 0 0 0

1,017 604

107 484

-728 -399

-370 97

359 7

316 -87

-1,791 -1,777

35 73

350 0 0

365 322 0

194 63 85

220 0 0

208 0 0

196 0 0

0 246 2,038

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

485 130

499 124

478 116

452 105

440 94

438 83

390 73

365 64

16 15

17 14

17 14

16 13

10 12

11 12

12 11

13 11

169


KAZAKHSTAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

3,750 2,937 2,834 103 432 381 162

12,433 11,472 3,623 7,849 0 961 0

43,478 35,327 2,177 33,150 0 8,151 0

72,443 61,569 2,136 59,433 0 10,873 0

95,542 84,388 1,698 82,690 0 11,154 0

107,278 96,958 1,915 95,043 0 10,321 0

109,873 101,197 2,487 98,710 0 8,676 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

0 2,834 103 982

0 3,619 7,852 688

0 2,157 33,170 159

0 2,130 59,439 30

0 1,698 82,690 0

0 1,915 95,043 174

0 2,487 98,710 3,550

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

881 740 141

3,057 3,057 0

17,238 17,238 0

37,916 37,916 0

44,750 44,750 0

40,925 40,925 0

41,676 41,676 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

105 105 0

2,595 2,153 442

11,450 11,450 0

12,172 12,172 0

23,596 23,596 0

29,035 29,035 0

36,643 36,643 0

Net flows Long-term external debt Short-term external debt

.. .. ..

868 635 93

1,057 904 595

9,996 5,787 4,209

28,466 25,744 2,722

21,434 21,154 281

11,057 11,890 -833

3,389 5,033 -1,645

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

130 102 17 10

775 713 11 51

1,730 1,526 0 204

2,303 1,953 0 350

3,575 3,537 0 38

4,391 4,117 0 274

4,044 3,740 0 304

.. ..

964 ..

1,283 19

1,971 150

6,278 2,789

11,119 828

15,780 -1,280

12,601 131

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 8.9 0.0 0.0 6.9

.. 13.8 0.6 0.0 61.2

1.9 32.6 0.0 0.0 53.9

2.1 34.9 0.0 0.0 53.5

2.6 46.7 0.0 0.0 46.8

1.9 52.5 0.0 0.0 42.1

1.4 40.1 0.0 0.0 55.9

.. .. ..

5.5 14.3 4.5

3.0 27.6 8.4

5.0 16.8 5.3

6.2 16.3 4.8

0.0 0.0 0.0

3.4 15.1 5.3

1.4 21.2 4.7

.. .. ..

6.4 5.9 2.3

11.0 6.0 5.6

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

20,229 6,020 116 6,292 74 -213 1,660

17,038 10,480 122 10,362 1,046 366 2,099

51,427 31,209 178 31,852 4,633 -1,056 7,070

71,551 43,011 186 43,803 7,694 -1,999 19,127

91,767 55,379 223 61,541 11,305 -8,322 17,641

113,878 79,641 192 72,377 17,004 6,279 19,883

97,263 50,724 124 53,229 9,754 -3,405 23,183

.. .. .. .. .. .. ..

62.3 18.5 3.9 10.2 10.4 44.3 3.2

118.6 73.0 32.2 7.7 11.9 16.9 2.4

139.3 84.5 42.2 18.7 2.0 16.3 2.7

168.4 101.2 33.7 15.0 1.1 26.4 5.2

172.5 104.1 49.1 11.7 0.7 18.5 3.4

134.7 94.2 42.0 9.6 0.7 18.5 3.3

216.6 113.0 80.2 7.9 1.2 21.1 5.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

170


KAZAKHSTAN (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

2,937 2,834 2,293 392 295 0 1,901 541 0 17 103 0

11,472 3,623 2,239 1,482 1,057 0 757 1,384 1,000 263 7,849 100

35,327 2,177 1,780 869 599 0 911 396 350 46 33,150 7,550

61,569 2,136 1,762 823 502 0 939 374 350 24 59,433 13,814

84,388 1,698 1,684 711 427 0 973 13 0 13 82,690 24,623

96,958 1,915 1,912 748 463 0 1,164 3 0 3 95,043 24,125

101,197 2,487 2,486 1,349 547 0 1,137 1 0 1 98,710 22,097

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

740 671 421 171 107 0 250 249 0 17 69 0

3,057 623 168 95 50 0 73 455 350 105 2,434 0

17,238 198 198 81 37 0 117 0 0 0 17,040 3,050

37,916 177 177 106 29 0 71 0 0 0 37,739 6,219

44,750 160 160 112 67 0 48 0 0 0 44,590 10,993

40,925 145 145 95 65 0 51 0 0 0 40,780 540

41,676 717 717 659 115 0 58 0 0 0 40,959 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

105 95 27 0 0 0 27 68 0 0 11 0

2,153 216 133 31 20 0 102 83 0 30 1,937 0

11,450 1,090 1,018 921 658 0 97 72 0 72 10,360 0

12,172 222 200 160 130 0 40 22 0 22 11,949 0

23,596 640 279 226 143 0 53 361 350 11 22,957 400

29,035 131 120 58 28 0 62 11 0 11 28,905 850

36,643 131 130 59 32 0 71 2 0 2 36,511 2,108

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

102 100 59 15 14 0 44 41 0 0 1 0

713 235 124 82 62 0 42 112 90 14 477 11

1,526 146 102 73 54 0 28 44 39 5 1,380 543

1,953 113 71 44 31 0 27 42 39 3 1,839 834

3,537 96 74 46 29 0 29 22 19 2 3,441 1,510

4,117 67 66 35 19 0 31 1 0 1 4,051 1,802

3,740 58 58 28 17 0 30 0 0 0 3,682 1,706

.. ..

961 868

6,304 1,057

10,664 9,996

28,964 28,466

23,099 21,434

11,736 11,057

2,595 3,389

.. .. ..

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

143 49

158 49

301 49

426 48

441 50

332 51

302 48

300 45

26,171 3,249

18,245 2,500

13,176 1,875

7,307 1,432

10,454 1,032

6,913 733

5,879 489

8,839 256

Notes: Long-term private nonguaranteed debt includes only registered private debt of the National Bank of Kazakhstan. Short-term debt is based on the National Bank data from 2000.

171


KENYA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

7,055 5,639 4,759 880 482 934 95

7,309 6,302 5,857 445 374 634 31

6,141 5,216 5,041 175 127 798 47

6,421 5,763 5,763 0 159 499 21

6,552 5,797 5,797 0 153 602 34

7,376 6,143 6,143 0 269 964 57

7,427 6,266 6,266 0 252 910 66

8,005 6,543 6,543 0 451 1,011 72

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

72 4,759 880 803

6 5,857 445 326

142 5,041 175 355

141 5,763 0 239

334 5,797 0 535

308 6,143 0 882

271 6,266 0 395

275 6,543 0 989

External debt flows Disbursements Long-term external debt IMF purchases

777 640 136

677 677 0

377 333 44

240 166 74

123 123 0

444 329 115

325 325 0

692 482 209

Principal repayments Long-term external debt IMF repurchases

457 352 105

605 566 39

449 407 42

447 439 7

333 319 14

344 334 10

296 285 11

273 255 18

Net flows Long-term external debt Short-term external debt

613 288 294

78 111 6

-31 -74 41

-460 -273 -254

-120 -196 90

439 -5 339

-34 40 -63

513 227 95

Interest payments Long-term external debt IMF charges Short-term external debt

333 230 26 78

299 261 2 36

142 100 1 41

91 72 1 18

94 70 1 23

108 77 1 29

112 90 1 21

109 83 2 23

57 0

42 5

111 -6

21 3

51 2

729 0

96 5

141 3

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 8.4 8.7 3.4 30.9

.. 18.6 3.8 4.2 35.8

.. 20.1 2.5 1.4 49.8

19.1 18.6 0.6 0.1 49.3

19.0 17.9 0.7 0.1 49.3

19.7 16.7 0.6 0.1 48.8

16.8 19.3 0.4 0.1 47.5

17.4 17.2 0.4 0.1 46.3

3.1 29.6 8.4

2.1 35.7 9.8

1.1 39.0 10.0

1.3 35.5 8.4

1.8 33.3 8.9

1.4 39.1 9.7

1.3 30.6 8.3

1.2 36.7 9.4

7.4 12.8 4.9

4.8 5.2 0.6

7.5 5.9 1.4

0.0 0.0 0.0

0.0 0.0 0.0

0.0 17.3 2.5

1.0 13.0 1.5

3.9 7.8 3.3

8,224 2,233 139 3,128 132 -527 236

8,726 3,580 298 6,195 116 -1,578 384

12,562 2,821 538 3,941 29 -199 898

18,732 5,416 805 6,921 35 -252 1,799

22,540 6,045 1,128 8,341 39 -510 2,416

27,229 7,223 1,588 10,364 124 -1,034 3,355

30,457 8,467 1,692 12,781 52 -1,978 2,879

30,235 7,588 1,686 11,493 66 .. 3,850

315.9 85.8 35.4 13.2 35.3 3.3 0.9

204.2 83.8 25.3 8.7 39.7 5.3 0.7

217.7 48.9 20.9 13.0 46.2 14.6 2.7

118.6 34.3 9.9 7.8 53.4 28.0 3.1

108.4 29.1 7.1 9.2 52.5 36.9 3.5

102.1 27.1 6.3 13.1 48.6 45.5 3.9

87.7 24.4 4.8 12.2 49.6 38.8 2.7

105.5 26.5 5.0 12.6 48.2 48.1 4.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

172


KENYA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

5,639 4,759 3,712 2,492 871 1,185 1,220 1,047 0 880 880 0

6,302 5,857 5,212 2,903 435 1,977 2,309 645 0 510 445 0

5,216 5,041 4,559 2,836 47 2,262 1,724 482 0 436 175 0

5,763 5,763 5,400 3,426 0 2,663 1,974 363 0 292 0 0

5,797 5,797 5,470 3,436 0 2,764 2,033 327 0 252 0 0

6,143 6,143 5,804 3,581 0 2,968 2,223 339 0 260 0 0

6,266 6,266 5,947 3,684 0 3,050 2,262 319 0 238 0 0

6,543 6,543 6,192 3,862 0 3,156 2,330 352 0 243 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

640 585 404 297 3 234 106 182 0 119 55 0

677 677 545 219 0 159 326 132 0 72 0 0

333 333 248 196 0 170 52 85 0 77 0 0

166 166 138 64 0 34 74 28 0 28 0 0

123 123 122 74 0 41 48 1 0 1 0 0

329 329 329 214 0 159 115 0 0 0 0 0

325 325 318 231 0 178 87 7 0 0 0 0

482 482 455 249 0 164 207 27 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

352 315 180 127 95 4 53 135 0 114 37 0

566 481 271 150 100 9 120 210 0 164 85 0

407 362 241 112 40 29 129 121 0 108 45 0

439 429 356 327 1 54 28 74 0 72 10 0

319 319 257 220 0 60 38 62 0 61 0 0

334 334 323 223 0 66 100 11 0 9 0 0

285 285 270 105 0 75 166 15 0 13 0 0

255 255 252 106 0 81 147 3 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

230 193 134 100 78 7 34 59 0 52 38 0

261 220 167 77 43 14 89 53 0 45 41 0

100 81 55 38 7 16 17 27 0 23 19 0

72 72 66 48 0 23 17 6 0 6 0 0

70 70 65 36 0 22 29 5 0 4 0 0

77 77 75 32 0 22 44 2 0 1 0 0

90 90 88 34 0 24 54 1 0 1 0 0

83 83 82 32 0 22 50 1 0 0 0 0

1,166 613

185 78

-334 -31

-490 -460

131 -120

824 439

51 -34

578 513

0 97 0

0 0 0

122 10 0

127 3 0

137 16 0

0 0 0

0 0 0

0 5 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

295 91

323 92

338 90

344 86

332 81

347 77

360 71

380 65

19 1

10 1

10 1

12 1

12 1

8 1

7 0

7 0

173


KOSOVO (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

358.5 358.5 358.5 0.0 0.0 0.0 0.0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 358.5 0.0 0.0

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

207.7 207.7 0.0

Net flows Long-term external debt Short-term external debt

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

-207.7 -207.7 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

22.5 22.5 0.0 0.0

.. ..

.. ..

.. ..

.. ..

.. ..

.. ..

525.0 ..

425.7 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

0.0 0.0 0.0 0.0 100.0

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

4926.7 .. .. 2441.2 .. .. 951.7

5883.6 .. .. 3098.6 .. .. 892.1

5583.3 1105.1 .. 2335.3 .. .. 830.2

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. 4.7

.. .. .. .. .. .. 3.5

32.4 6.4 20.8 .. 100.0 231.6 4.3

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

174


KOSOVO (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

358.5 358.5 358.5 358.5 358.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

207.7 207.7 207.7 207.7 207.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

22.5 22.5 22.5 22.5 22.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

.. ..

.. ..

.. ..

.. ..

0.0 -207.7

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

16.3 4.8

16.3 4.6

16.3 4.3

16.3 4.1

16.3 3.9

16.3 3.7

16.3 3.5

16.3 3.2

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Kosovo became a World Bank member on June 29, 2009. Since 1999, Kosovo has been a territory under international administration pursuant to UN Security Council Resolution 1244 (1999).

175


KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

609 472 472 0 124 13 11

1,827 1,510 1,220 290 188 129 10

2,027 1,825 1,665 161 178 24 3

2,373 2,101 1,831 270 163 109 5

2,504 2,278 1,898 380 150 76 7

2,466 2,269 1,963 307 165 32 6

2,900 2,652 2,320 332 167 81 2

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

11 472 0 164

28 1,220 290 201

6 1,665 161 86

6 1,831 270 16

9 1,898 380 46

11 1,963 307 96

2 2,320 332 609

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

201 155 46

180 161 19

151 133 18

243 239 4

281 277 4

245 203 42

691 665 26

Principal repayments Long-term external debt IMF repurchases

.. .. ..

36 36 0

97 86 11

104 74 31

65 38 27

151 126 25

285 261 23

322 296 26

Net flows Long-term external debt Short-term external debt

.. .. ..

165 119 0

152 75 69

63 59 17

261 202 83

95 151 -35

-82 -58 -43

422 369 53

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

24 20 4 0

76 69 2 5

23 21 1 0

22 19 1 2

27 23 1 3

44 42 1 1

39 35 1 3

.. ..

96 ..

-2 0

43 0

182 0

208 1

377 6

189 1

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 14.3 0.0 1.3 51.4

.. 15.0 0.0 0.0 67.9

2.8 13.5 0.0 0.0 69.5

3.5 12.5 0.0 0.0 67.0

4.3 12.7 0.0 0.0 68.0

4.0 15.5 0.0 0.0 65.3

3.5 13.0 0.0 0.0 69.2

.. .. ..

3.7 28.4 8.1

1.0 35.8 9.5

1.0 36.2 9.3

1.4 31.6 8.1

0.5 26.7 7.3

1.6 21.7 5.9

1.3 31.5 6.5

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

1,626 452 1 765 .. -235 134

1,288 590 9 753 37 -76 262

2,372 963 322 1,499 36 -35 612

2,786 1,326 481 2,338 40 -282 817

3,750 2,064 715 3,313 40 -228 1,177

5,037 2,785 1,232 4,892 173 -631 1,225

4,410 2,582 882 3,892 126 .. 1,584

.. .. .. .. .. .. ..

134.9 37.5 13.3 2.1 30.3 21.9 2.1

309.8 141.9 29.4 7.1 39.5 14.3 4.2

210.6 85.5 13.2 1.2 54.2 30.2 4.9

178.9 85.2 6.6 4.6 50.1 34.4 4.2

121.3 66.8 8.6 3.0 51.1 47.0 4.3

88.5 49.0 11.8 1.3 52.3 49.7 3.0

112.3 65.8 14.0 2.8 45.2 54.6 4.9

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

176


KYRGYZ REPUBLIC (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

472 472 472 184 0 141 288 0 0 0 0 0

1,510 1,220 1,184 722 0 377 461 37 0 28 290 0

1,825 1,665 1,665 1,099 0 565 566 0 0 0 161 0

2,101 1,831 1,831 1,190 0 612 641 0 0 0 270 0

2,278 1,898 1,898 1,280 0 651 618 0 0 0 380 0

2,269 1,963 1,963 1,290 0 655 672 0 0 0 307 0

2,652 2,320 2,320 1,310 0 656 1,010 0 0 0 332 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

155 155 155 124 0 81 31 0 0 0 0 0

161 153 149 107 0 52 42 4 0 0 8 0

133 76 76 70 0 34 6 0 0 0 57 0

239 87 87 73 0 26 15 0 0 0 152 0

277 66 66 58 0 22 8 0 0 0 211 0

203 51 51 50 0 20 1 0 0 0 152 0

665 379 379 41 0 8 338 0 0 0 287 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

36 36 36 30 0 0 6 0 0 0 0 0

86 17 13 8 0 0 5 4 0 2 69 0

74 16 16 16 0 4 0 0 0 0 57 0

38 20 20 20 0 6 0 0 0 0 18 0

126 25 25 22 0 9 3 0 0 0 102 0

261 35 35 29 0 11 6 0 0 0 226 0

296 38 38 33 0 12 6 0 0 0 258 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

20 20 20 3 0 1 17 0 0 0 0 0

69 23 20 11 0 3 10 2 0 2 47 0

21 12 12 12 0 5 0 0 0 0 9 0

19 15 15 12 0 5 2 0 0 0 5 0

23 16 16 12 0 5 4 0 0 0 6 0

42 17 17 13 0 5 4 0 0 0 24 0

35 19 19 12 0 5 7 0 0 0 16 0

.. ..

163 165

92 152

-84 63

346 261

130 95

-38 -82

434 422

.. .. ..

0 0 0

32 0 0

520 17 0

7 0 0

7 8 0

15 0 0

16 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

57 34

58 35

59 35

64 35

73 34

90 34

101 32

105 32

93 5

34 5

42 5

34 4

33 4

33 4

32 4

30 4

Notes: Long-term private nonguaranteed debt data for 2009 are World Bank staff estimates.

177


LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

1,766 1,757 1,757 0 8 0 0

2,155 2,091 2,091 0 64 0 0

2,501 2,459 2,459 0 42 0 0

2,844 2,815 1,989 825 29 0 0

3,377 3,350 2,259 1,090 27 0 0

4,388 4,362 2,515 1,847 26 0 0

4,955 4,934 2,720 2,213 21 0 0

5,539 5,523 2,923 2,601 16 0 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1 1,757 0 125

0 2,091 0 110

1 2,459 0 68

0 1,989 825 76

0 2,259 1,090 16

0 2,515 1,847 210

0 2,720 2,213 13

0 2,923 2,601 123

External debt flows Disbursements Long-term external debt IMF purchases

152 152 0

110 92 18

77 77 0

472 472 0

491 491 0

1,058 1,058 0

629 629 0

695 695 0

Principal repayments Long-term external debt IMF repurchases

6 5 1

19 17 2

31 23 8

85 79 6

134 130 3

135 132 3

137 132 4

165 159 6

Net flows Long-term external debt Short-term external debt

146 146 0

91 75 0

47 55 0

386 392 0

357 361 0

923 926 0

492 497 0

529 535 0

Interest payments Long-term external debt IMF charges Short-term external debt

3 3 0 0

6 6 0 0

9 9 0 0

47 47 0 0

48 48 0 0

55 54 0 0

67 67 0 0

77 77 0 0

6 0

95 0

34 ..

28 0

187 0

324 0

228 ..

190 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.5 0.0 0.0 7.1

.. 1.1 0.0 0.0 13.1

.. 0.4 0.0 0.0 18.4

0.0 0.1 0.0 0.0 46.7

0.0 0.0 0.0 0.0 52.4

0.0 0.0 0.0 0.0 54.7

0.0 0.0 0.0 0.0 56.4

0.0 0.0 0.0 0.0 59.4

0.9 39.9 10.0

2.5 37.1 9.7

1.4 31.6 8.1

3.6 27.9 7.9

1.4 24.9 8.7

1.3 26.1 9.6

1.1 29.1 8.0

1.5 20.2 5.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

866 105 11 215 0 -55 8

1,758 415 22 761 6 -237 99

1,664 513 1 638 .. -8 144

2,584 763 1 1,022 .. -193 309

3,315 1,122 1 1,199 .. 50 462

4,146 1,245 1 1,235 .. 107 708

5,283 .. 1 .. .. .. 875

5,799 .. 1 .. .. .. 1,010

1,688.4 204.0 8.5 0.0 15.1 0.5 0.5

519.1 122.6 6.1 .. 28.8 4.6 1.6

487.3 150.3 7.8 0.0 41.6 5.7 2.7

373.0 110.1 17.3 .. 53.6 10.9 3.6

301.1 101.9 16.2 .. 49.6 13.7 4.6

352.6 105.8 15.2 .. 42.1 16.1 6.9

.. 93.8 .. .. 39.7 17.7 ..

.. 95.5 .. .. 36.2 18.2 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

178


LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,757 1,757 1,757 266 0 131 1,491 0 0 0 0 0

2,091 2,091 2,091 620 0 285 1,471 0 0 0 0 0

2,459 2,459 2,459 1,041 0 403 1,418 0 0 0 0 0

2,815 1,989 1,989 1,525 0 598 464 0 0 0 825 0

3,350 2,259 2,259 1,676 0 643 584 0 0 0 1,090 0

4,362 2,515 2,515 1,847 0 686 668 0 0 0 1,847 0

4,934 2,720 2,720 1,966 0 685 755 0 0 0 2,213 0

5,523 2,923 2,923 2,003 0 680 920 0 0 0 2,601 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

152 152 152 78 0 32 74 0 0 0 0 0

92 92 92 92 0 28 0 0 0 0 0 0

77 77 77 73 0 20 4 0 0 0 0 0

472 150 150 113 0 35 37 0 0 0 321 0

491 125 125 111 0 26 14 0 0 0 366 0

1,058 201 201 114 0 27 87 0 0 0 857 0

629 174 174 84 0 17 90 0 0 0 454 0

695 205 205 80 0 4 124 0 0 0 490 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5 5 5 3 0 0 3 0 0 0 0 0

17 17 17 4 0 1 14 0 0 0 0 0

23 23 23 9 0 4 14 0 0 0 0 0

79 39 39 22 0 9 17 0 0 0 40 0

130 29 29 25 0 9 5 0 0 0 101 0

132 33 33 30 0 11 3 0 0 0 100 0

132 43 43 40 0 13 3 0 0 0 89 0

159 57 57 47 0 14 10 0 0 0 103 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3 3 3 2 0 1 1 0 0 0 0 0

6 6 6 5 0 2 1 0 0 0 0 0

9 9 9 9 0 3 0 0 0 0 0 0

47 14 14 14 0 5 0 0 0 0 32 0

48 20 20 15 0 5 5 0 0 0 28 0

54 18 18 16 0 5 2 0 0 0 37 0

67 23 23 18 0 5 5 0 0 0 44 0

77 25 25 18 0 5 7 0 0 0 52 0

295 146

86 91

-31 47

228 386

533 357

1,011 923

566 492

584 529

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

86 32

95 31

102 31

107 30

114 29

115 28

120 27

133 28

702 114

494 84

442 58

260 42

208 30

156 20

130 12

104 6

Notes: Data on long-term public and publicly guaranteed debt are World Bank staff estimates based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates.

179


LEBANON (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

1,787 366 366 0 0 1,421 39

2,974 1,609 1,559 50 0 1,365 10

10,244 7,704 6,968 736 0 2,541 0

23,326 19,876 18,865 1,011 0 3,450 0

25,107 20,907 20,102 805 0 4,200 0

25,625 21,426 20,896 530 80 4,118 0

24,292 21,037 20,567 470 117 3,138 0

24,864 21,649 20,979 670 119 3,096 0

132 366 0 0

43 1,559 50 1,553

0 6,942 762 2,188

0 18,865 1,011 2,991

0 20,102 805 3,704

0 20,896 530 3,319

0 20,567 470 2,519

0 20,979 670 2,964

External debt flows Disbursements Long-term external debt IMF purchases

12 12 0

907 907 0

2,445 2,445 0

3,178 3,178 0

3,814 3,814 0

3,449 3,372 78

2,731 2,690 40

3,326 3,326 0

Principal repayments Long-term external debt IMF repurchases

27 27 0

104 104 0

884 884 0

2,172 2,172 0

3,004 3,004 0

3,078 3,078 0

2,905 2,905 0

2,694 2,694 0

Net flows Long-term external debt Short-term external debt

726 -16 742

829 803 26

1,900 1,561 339

485 1,006 -521

1,560 810 750

289 293 -82

-1,154 -214 -980

589 631 -42

Interest payments Long-term external debt IMF charges Short-term external debt

72 11 0 61

121 55 0 67

607 475 0 132

1,462 1,287 0 175

1,516 1,316 0 200

1,646 1,430 2 213

1,602 1,442 3 157

1,548 1,407 2 139

.. ..

.. ..

.. ..

2,624 1,436

2,675 551

3,376 791

4,333 466

4,804 929

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.5 0.7 0.5 40.0

.. 0.0 0.1 0.0 68.8

.. 0.1 0.0 0.0 67.9

8.9 0.1 0.0 0.0 85.7

9.9 0.1 0.0 0.0 85.4

9.6 0.2 0.0 0.0 85.9

9.5 0.3 0.0 0.0 86.5

8.9 0.3 0.0 0.0 87.2

0.0 0.0 0.0

5.4 18.7 4.4

7.5 14.7 5.2

4.7 19.0 4.1

4.4 21.7 6.3

4.5 18.6 7.1

4.4 13.6 3.6

2.0 29.0 7.0

0.0 0.0 0.0

8.8 7.9 4.6

9.1 4.9 4.7

7.4 5.7 5.4

7.6 10.3 10.2

6.1 7.5 4.9

8.9 5.8 5.8

7.9 6.8 6.8

3,461 .. 1,818 .. .. .. 4,210

12,211 .. 1,225 .. .. .. 8,100

17,581 .. 1,582 .. .. .. 8,475

21,674 15,242 4,924 19,053 95 -2,748 16,618

22,622 17,250 5,202 20,335 96 -1,116 19,239

25,789 19,914 5,769 24,287 64 -1,605 20,599

29,791 25,548 7,181 32,011 121 -4,103 28,265

35,172 23,613 7,558 32,995 95 -7,555 39,132

.. 51.6 .. 79.5 5.2 235.6 ..

.. 24.4 .. 45.9 6.9 272.3 ..

.. 58.3 .. 24.8 8.7 82.7 ..

153.0 107.6 23.8 14.8 5.1 71.2 10.5

145.5 111.0 26.2 16.7 5.2 76.6 11.4

128.7 99.4 23.7 16.1 5.6 80.4 10.2

95.1 81.5 17.6 12.9 5.4 116.4 10.6

105.3 70.7 18.0 12.5 5.2 157.4 14.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

180


LEBANON (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

366 366 197 93 34 0 104 169 0 0 0 0

1,609 1,559 436 206 113 0 230 1,123 700 359 50 50

7,704 6,968 1,290 890 248 0 400 5,677 5,260 403 736 736

19,876 18,865 2,169 1,191 360 0 978 16,696 16,142 546 1,011 1,011

20,907 20,102 2,301 1,299 314 0 1,003 17,800 17,253 538 805 805

21,426 20,896 2,418 1,427 437 0 991 18,478 17,707 763 530 530

21,037 20,567 2,392 1,320 368 0 1,072 18,174 17,490 677 470 470

21,649 20,979 2,308 1,301 318 0 1,008 18,670 18,105 558 670 670

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

12 12 5 0 0 0 5 6 0 0 0 0

907 857 213 80 51 0 133 644 300 340 50 50

2,445 2,330 238 200 42 0 38 2,092 2,031 61 115 115

3,178 2,648 103 76 32 0 27 2,545 2,500 45 530 530

3,814 3,814 232 210 37 0 22 3,582 3,547 32 0 0

3,372 3,372 282 240 162 0 42 3,090 2,738 352 0 0

2,690 2,690 401 142 40 0 259 2,290 2,257 32 0 0

3,326 3,126 217 166 23 0 51 2,909 2,894 15 200 200

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

27 27 27 6 6 0 21 0 0 0 0 0

104 104 93 10 4 0 83 11 0 9 0 0

884 834 74 44 17 0 30 760 400 358 50 50

2,172 1,907 143 100 38 0 43 1,764 1,695 68 265 265

3,004 2,798 232 158 90 0 74 2,566 2,507 58 206 206

3,078 2,803 362 218 48 0 144 2,441 2,369 71 275 275

2,905 2,845 375 232 116 0 143 2,470 2,430 39 60 60

2,694 2,694 333 187 73 0 147 2,361 2,305 55 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

11 11 9 5 4 0 5 2 0 0 0 0

55 55 19 11 7 0 8 35 20 12 0 0

475 418 57 44 14 0 14 361 300 59 57 57

1,287 1,197 92 49 15 0 42 1,106 1,087 18 90 90

1,316 1,242 87 49 18 0 38 1,155 1,144 10 74 74

1,430 1,373 101 60 19 0 42 1,271 1,252 19 57 57

1,442 1,402 105 57 20 0 48 1,297 1,279 18 40 40

1,407 1,364 86 43 11 0 43 1,278 1,262 15 43 43

756 726

839 829

1,760 1,900

200 485

1,781 1,560

518 289

-1,333 -1,154

572 589

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

437 100

459 97

430 89

314 80

314 70

253 61

234 51

223 42

2,884 1,340

2,624 1,187

3,523 1,031

1,955 783

1,988 632

1,179 542

1,579 419

1,929 278

Notes: Long-term private nonguaranteed debt data only cover Bonds.

181


LESOTHO (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

395.6 377.7 377.7 0.0 15.1 2.8 0.8

684.4 642.0 642.0 0.0 38.4 4.0 0.0

671.8 656.7 656.7 0.0 11.1 4.0 0.0

662.0 618.9 618.9 0.0 35.0 8.0 0.0

649.9 613.5 613.5 0.0 36.3 0.1 0.1

677.6 642.2 642.2 0.0 35.4 0.0 0.0

688.8 659.2 659.2 0.0 29.7 0.0 0.0

705.3 681.1 681.1 0.0 24.1 0.0 0.0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

3.6 376.5 1.2 46.4

0.0 641.3 0.7 67.4

0.0 656.4 0.3 33.9

0.0 618.9 0.0 15.0

0.0 613.5 0.0 21.5

0.0 642.2 0.0 61.2

0.0 659.2 0.0 41.5

0.0 681.1 0.0 36.2

External debt flows Disbursements Long-term external debt IMF purchases

62.0 57.9 4.1

70.4 70.4 0.0

69.4 69.4 0.0

21.1 21.1 0.0

28.6 28.6 0.0

38.3 38.3 0.0

45.8 45.8 0.0

37.4 37.4 0.0

Principal repayments Long-term external debt IMF repurchases

15.0 14.8 0.2

24.7 22.0 2.7

38.3 33.2 5.2

65.3 65.3 0.0

36.1 35.6 0.5

33.8 31.1 2.7

29.5 24.5 5.0

30.1 24.2 5.9

Net flows Long-term external debt Short-term external debt

47.0 43.1 0.0

45.7 48.4 0.0

31.0 36.2 0.0

-43.2 -44.2 1.0

-15.5 -7.0 -8.0

4.5 7.2 0.0

16.3 21.3 0.0

7.3 13.2 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

8.3 8.0 0.1 0.2

16.1 15.7 0.2 0.2

23.2 22.9 0.0 0.2

14.2 13.7 0.2 0.3

9.6 9.2 0.2 0.2

64.5 64.3 0.2 0.0

8.0 7.8 0.2 0.0

7.6 7.4 0.1 0.0

17.1 0.0

275.3 ..

117.8 ..

92.6 0.0

113.0 0.0

130.3 ..

218.0 ..

.. ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 1.7 0.0 24.8

.. 0.0 0.8 0.0 22.1

.. 0.0 1.8 1.9 26.9

9.8 0.0 0.9 0.2 39.3

9.8 0.0 0.7 0.0 41.8

9.2 0.0 0.5 0.0 43.2

7.5 0.0 0.4 0.0 43.8

6.8 0.0 0.4 0.0 43.6

1.0 25.1 6.2

5.9 27.5 5.7

0.3 19.3 5.4

1.7 31.0 8.5

0.8 38.1 10.3

3.2 31.0 7.8

1.7 23.9 6.3

1.0 40.9 9.3

8.4 5.9 1.8

6.5 17.9 4.1

4.6 2.0 0.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

937.4 555.0 427.9 775.9 12.7 65.0 72.4

1227.5 670.6 410.5 1203.8 71.4 -323.0 456.7

1010.8 542.5 252.2 832.8 15.0 -151.4 417.9

1680.0 1072.2 326.6 1474.8 10.7 -102.0 519.1

1897.7 1165.5 361.5 1488.6 11.6 66.3 658.4

2087.5 1406.4 451.2 1811.7 12.9 219.8 ..

2045.5 1486.4 438.6 1757.8 8.5 244.2 ..

2123.9 1273.8 491.0 1799.5 .. .. ..

71.3 42.2 4.2 0.7 73.6 18.3 1.1

102.1 55.8 6.1 0.6 68.2 66.7 4.6

123.8 66.5 11.3 0.6 70.8 62.2 6.0

61.7 39.4 7.4 1.2 78.3 78.4 4.2

55.8 34.2 3.9 0.0 84.4 101.3 5.3

48.2 32.5 7.0 .. 86.8 .. ..

46.3 33.7 2.5 .. 87.1 .. ..

55.4 33.2 3.0 0.0 86.1 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

182


LESOTHO (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

377.7 377.7 344.0 291.0 0.0 111.7 53.1 33.7 0.0 6.0 0.0 0.0

642.0 642.0 607.1 466.9 54.0 152.8 140.1 34.9 0.0 22.8 0.0 0.0

656.7 656.7 580.9 475.7 58.6 183.2 105.3 75.8 0.0 74.5 0.0 0.0

618.9 618.9 590.6 518.4 12.7 258.2 72.2 28.4 0.0 27.6 0.0 0.0

613.5 613.5 591.9 548.2 9.1 274.6 43.7 21.6 0.0 20.8 0.0 0.0

642.2 642.2 624.6 587.8 4.2 293.2 36.8 17.5 0.0 16.8 0.0 0.0

659.2 659.2 646.6 599.9 3.3 302.7 46.7 12.5 0.0 11.9 0.0 0.0

681.1 681.1 667.6 607.3 2.5 310.7 60.3 13.6 0.0 13.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

57.9 57.9 51.4 32.0 0.0 9.2 19.4 6.5 0.0 3.0 0.0 0.0

70.4 70.4 54.5 41.1 11.2 8.8 13.4 16.0 0.0 16.0 0.0 0.0

69.4 69.4 67.4 21.2 9.9 7.8 46.2 2.0 0.0 2.0 0.0 0.0

21.1 21.1 21.1 17.1 0.1 13.1 3.9 0.0 0.0 0.0 0.0 0.0

28.6 28.6 28.5 28.1 0.0 10.8 0.4 0.0 0.0 0.0 0.0 0.0

38.3 38.3 38.3 37.6 0.0 14.0 0.6 0.0 0.0 0.0 0.0 0.0

45.8 45.8 45.8 29.5 0.0 17.2 16.3 0.0 0.0 0.0 0.0 0.0

37.4 37.4 37.4 21.6 0.0 12.8 15.7 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

14.8 14.8 8.3 5.4 0.0 0.6 2.9 6.5 0.0 0.6 0.0 0.0

22.0 22.0 17.8 14.1 0.0 1.3 3.7 4.2 0.0 2.0 0.0 0.0

33.2 33.2 26.4 14.1 3.9 2.5 12.2 6.8 0.0 6.8 0.0 0.0

65.3 65.3 32.0 19.7 3.6 5.0 12.3 33.3 0.0 33.2 0.0 0.0

35.6 35.6 27.5 19.4 3.6 5.3 8.2 8.1 0.0 8.0 0.0 0.0

31.1 31.1 25.8 22.0 3.6 6.0 3.8 5.3 0.0 5.2 0.0 0.0

24.5 24.5 21.3 17.8 1.0 6.3 3.5 3.2 0.0 3.1 0.0 0.0

24.2 24.2 23.5 20.5 0.7 6.9 2.9 0.7 0.0 0.6 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8.0 8.0 6.1 4.7 0.0 0.8 1.4 1.9 0.0 0.3 0.0 0.0

15.7 15.7 12.4 8.6 3.5 1.1 3.8 3.3 0.0 3.0 0.0 0.0

22.9 22.9 16.0 7.7 3.2 1.4 8.3 7.0 0.0 7.0 0.0 0.0

13.7 13.7 7.7 5.5 0.5 2.1 2.1 6.0 0.0 6.0 0.0 0.0

9.2 9.2 7.1 5.4 0.6 2.1 1.7 2.1 0.0 2.0 0.0 0.0

64.3 64.3 63.3 5.4 0.5 2.2 57.9 1.1 0.0 1.0 0.0 0.0

7.8 7.8 6.7 5.3 0.0 2.3 1.4 1.1 0.0 1.1 0.0 0.0

7.4 7.4 6.9 5.3 0.1 2.2 1.6 0.5 0.0 0.5 0.0 0.0

67.4 47.0

61.8 45.7

-10.2 31.0

-104.7 -43.2

-12.1 -15.5

27.7 4.5

11.2 16.3

16.5 7.3

0.0 3.7 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 18.3 0.0

0.0 5.9 0.0

0.0 1.4 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

24.1 6.7

25.2 6.8

26.9 6.8

28.9 6.7

29.1 6.4

27.5 6.0

27.1 5.7

28.3 5.5

0.8 1.2

0.2 1.1

0.2 1.1

0.2 1.1

0.2 1.1

7.4 1.1

0.2 0.1

0.2 0.1

Notes: Large interest payment was made during 2007 to a creditor country to settle a long standing claim.

183


LIBERIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,056 1,119 1,119 0 322 615 559

2,466 1,153 1,153 0 336 978 934

2,809 1,104 1,104 0 292 1,413 1,413

3,921 1,179 1,179 0 320 2,422 2,422

4,160 1,204 1,204 0 336 2,621 2,621

3,745 1,034 1,034 0 352 2,359 2,359

3,128 865 865 0 858 1,405 1,405

1,660 677 677 0 891 92 92

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

722 1,119 0 30

961 1,153 0 0

1,127 1,104 0 0

1,307 1,179 0 0

1,385 1,204 0 0

1,289 1,034 0 0

425 865 0 0

252 677 0 0

External debt flows Disbursements Long-term external debt IMF purchases

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

881 0 881

18 0 18

Principal repayments Long-term external debt IMF repurchases

2 1 1

0 0 0

1 0 1

0 0 0

1 0 1

261 261 1

389 37 352

36 36 0

Net flows Long-term external debt Short-term external debt

-1 -1 1

0 0 0

-1 0 0

0 0 0

-1 0 0

-261 -261 0

491 -37 0

-19 -36 0

Interest payments Long-term external debt IMF charges Short-term external debt

1 1 0 0

2 0 2 0

0 0 0 0

1 0 1 0

0 0 0 0

381 381 0 0

545 69 476 0

28 17 11 0

225 ..

5 ..

21 ..

83 0

108 0

132 0

144 0

378 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.1 1.2 0.0 51.0

.. 7.7 1.2 0.0 48.8

.. 7.2 1.2 0.0 56.8

11.6 6.6 1.2 0.0 53.7

12.7 6.4 1.2 0.0 52.8

16.5 7.8 0.9 0.0 64.8

2.4 8.2 0.8 0.0 82.7

2.6 0.0 0.9 0.0 89.0

4.0 24.8 5.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

.. .. .. .. .. .. 28

389 .. .. .. .. .. 0

417 355 32 1,318 7 -184 25

444 509 79 1,882 14 -173 72

560 562 62 1,917 15 -216 119

673 657 58 3,020 23 -1,187 161

645 .. 55 .. .. .. ..

.. .. .. 29.9 21.1 .. ..

.. .. .. 39.6 18.4 1.1 ..

.. 723.0 .. 50.3 14.1 0.0 ..

1,105.3 939.7 0.3 61.8 11.2 0.6 0.2

816.6 937.2 0.2 63.0 10.8 1.7 0.5

666.1 668.9 114.2 63.0 5.1 3.2 0.7

476.1 465.0 142.2 44.9 5.0 5.1 0.6

.. 257.5 .. 5.5 9.3 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

184


LIBERIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,119 1,119 926 433 143 105 493 192 0 172 0 0

1,153 1,153 945 453 161 108 492 208 0 187 0 0

1,104 1,104 907 395 130 100 512 197 0 180 0 0

1,179 1,179 981 440 146 106 541 198 0 179 0 0

1,204 1,204 1,005 448 147 109 557 199 0 178 0 0

1,034 1,034 831 192 0 77 639 203 0 181 0 0

865 865 670 158 0 72 512 195 0 195 0 0

677 677 656 155 0 69 502 21 0 21 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1 1 1 1 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

261 261 261 261 163 35 0 0 0 0 0 0

37 37 37 37 0 4 0 0 0 0 0 0

36 36 4 4 0 3 0 32 0 32 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1 1 1 1 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

381 381 381 381 292 18 0 0 0 0 0 0

69 69 69 69 0 1 0 0 0 0 0 0

17 17 12 12 0 1 0 5 0 5 0 0

182 -1

118 0

249 -1

91 0

240 -1

-415 -261

-616 491

-1,469 -19

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

295 637 0

3 1,446 32

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

10 2

10 7

10 7

8 7

16 7

14 6

13 6

13 6

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Data on long-term public and publicly guaranteed debt are revised based on the original terms of the loans and reports provided by Paris Club. Data include the effects of Paris Club rescheduling agreement signed in 2008.

185


LITHUANIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

769 459 430 29 262 49 0

4,723 3,417 2,206 1,211 192 1,114 0

11,422 6,097 1,991 4,107 0 5,325 0

18,559 12,853 4,577 8,277 0 5,706 0

29,430 21,667 5,866 15,800 0 7,763 0

31,776 23,602 5,335 18,267 0 8,174 0

31,717 25,767 9,059 16,708 0 5,949 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

0 424 34 422

0 2,128 1,290 828

0 1,968 4,130 0

0 4,563 8,290 2,513

0 5,858 15,809 822

0 5,331 18,271 110

0 9,059 16,708 4,458

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

219 157 63

1,165 1,165 0

2,863 2,863 0

9,400 9,400 0

14,462 14,462 0

11,074 11,074 0

7,280 7,280 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

12 12 0

826 799 27

2,277 2,252 25

3,737 3,737 0

7,715 7,715 0

8,342 8,342 0

5,765 5,765 0

Net flows Long-term external debt Short-term external debt

.. .. ..

228 144 20

383 366 44

2,145 611 1,559

6,044 5,663 381

8,805 6,747 2,057

3,143 2,732 411

-710 1,515 -2,225

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

31 17 12 2

281 215 11 55

323 173 0 150

436 275 0 161

748 529 0 219

1,042 797 0 245

763 585 0 178

.. ..

73 6

379 122

1,032 130

1,840 72

2,017 -166

1,770 113

307 -106

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 9.8 0.0 3.2 34.4

.. 2.9 0.1 0.0 32.9

80.9 0.0 0.0 0.0 17.9

96.4 0.0 0.0 0.0 3.2

98.3 0.0 0.0 0.0 1.5

98.4 0.0 0.0 0.0 1.4

82.7 0.0 0.0 0.0 17.3

.. .. ..

6.3 14.6 4.4

7.1 13.3 7.8

0.0 0.0 0.0

1.6 4.0 1.0

0.0 0.0 0.0

0.0 0.0 0.0

4.1 23.7 6.9

.. .. ..

8.1 5.4 1.2

7.8 5.0 4.8

0.0 0.0 0.0

4.8 8.1 8.1

4.9 10.3 10.3

5.5 13.0 1.0

7.7 5.7 4.7

.. .. .. .. .. .. ..

7,892 3,242 1 3,966 8 -614 829

11,240 5,295 50 6,212 123 -675 1,363

25,339 15,327 534 17,820 711 -1,831 3,816

29,270 18,364 994 22,307 878 -3,218 5,773

37,491 21,980 1,433 28,836 1,423 -5,692 7,721

45,577 29,625 1,460 36,329 1,016 -5,627 6,442

37,203 21,026 1,168 21,057 725 1,492 6,657

.. .. .. .. .. .. ..

23.7 9.8 1.3 6.4 21.1 107.7 2.5

89.2 42.0 20.9 23.6 9.5 28.9 2.6

74.5 45.1 17.0 46.6 2.6 33.4 2.6

101.1 63.4 22.7 30.7 1.6 31.1 3.1

133.9 78.5 38.5 26.4 0.8 26.2 3.2

107.3 69.7 31.7 25.7 0.6 20.3 2.1

150.8 85.3 31.0 18.8 3.9 21.0 3.8

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

186


LITHUANIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

459 430 317 163 62 0 154 113 0 1 29 0

3,417 2,206 670 447 253 0 223 1,537 1,130 188 1,211 37

6,097 1,991 462 298 86 0 164 1,529 1,416 63 4,107 0

12,853 4,577 308 301 81 0 7 4,269 4,214 51 8,277 0

21,667 5,866 231 226 24 0 5 5,635 5,594 40 15,800 1,030

23,602 5,335 200 198 27 0 2 5,135 5,114 20 18,267 1,030

25,767 9,059 1,239 1,239 23 0 0 7,820 7,816 4 16,708 1,030

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

157 157 92 38 12 0 54 64 0 1 0 0

1,165 479 146 139 66 0 7 333 300 31 686 37

2,863 45 45 42 14 0 3 0 0 0 2,818 0

9,400 2,540 28 28 10 0 0 2,511 2,511 0 6,860 0

14,462 843 20 20 0 0 0 822 822 0 13,620 1,030

11,074 116 6 6 6 0 0 110 110 0 10,958 0

7,280 3,589 1,028 1,028 0 0 0 2,561 2,561 0 3,691 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

12 12 3 0 0 0 3 9 0 0 0 0

799 310 82 62 9 0 19 229 25 146 489 0

2,252 802 235 144 111 0 91 567 405 112 1,451 0

3,737 273 209 52 19 0 157 64 0 16 3,464 0

7,715 145 128 125 58 0 3 17 0 15 7,570 0

8,342 344 28 25 3 0 2 316 294 21 7,999 0

5,765 119 30 27 3 0 2 89 73 16 5,646 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

17 17 13 9 4 0 4 4 0 0 0 0

215 136 35 26 15 0 9 100 63 20 80 0

173 106 36 26 15 0 10 70 55 6 67 0

275 161 24 14 4 0 10 137 131 3 114 0

529 156 14 14 3 0 0 142 139 2 373 41

797 251 11 10 1 0 0 241 239 2 545 58

585 273 8 8 1 0 0 265 264 0 312 45

.. ..

267 228

308 383

942 2,145

7,137 6,044

10,871 8,805

2,346 3,143

-59 -710

.. .. ..

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

27 31

21 35

20 36

20 37

20 37

38 37

131 36

129 34

4,537 1,033

3,200 893

4,333 747

3,163 574

2,125 437

2,554 263

2,276 167

668 80

Notes: Short-term debt data are based on government statistics.

187


MACEDONIA, FORMER YUGOSLAV REPUBLIC OF (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

1,277 1,078 788 289 57 143 143

1,469 1,333 1,206 127 81 55 4

2,971 2,109 1,638 471 62 800 9

3,284 2,362 1,556 805 56 867 15

4,161 2,564 1,520 1,044 0 1,597 28

4,690 3,018 1,574 1,443 0 1,672 33

5,589 3,689 1,874 1,816 0 1,900 31

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

216 785 293 206

19 1,201 132 123

36 1,636 473 274

49 1,555 807 137

108 1,519 1,044 103

127 1,574 1,444 155

116 1,873 1,816 410

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

112 75 38

155 151 4

334 318 16

399 399 0

538 538 0

796 796 0

884 884 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

20 19 1

93 74 19

182 171 11

439 430 10

542 485 57

295 295 0

374 374 0

Net flows Long-term external debt Short-term external debt

.. .. ..

74 56 -18

59 78 -3

118 147 -34

22 -30 61

713 52 717

571 501 69

739 510 230

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

11 9 2 1

45 37 3 5

92 54 1 37

124 82 2 40

163 88 1 74

182 105 0 77

177 93 0 84

.. ..

9 ..

215 0

97 54

424 86

699 170

587 -49

248 -14

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 6.5 1.1 0.9 49.7

.. 0.4 0.2 2.4 71.8

40.9 0.2 0.1 0.6 56.6

52.3 0.5 0.1 0.5 44.8

63.0 1.4 0.0 0.1 34.3

64.0 3.0 0.0 0.0 31.8

69.6 3.6 0.0 0.0 25.8

.. .. ..

3.8 23.0 6.7

5.5 19.5 6.4

3.1 16.7 5.1

3.7 16.8 5.4

5.0 17.0 5.0

5.2 17.4 4.6

2.0 15.3 4.7

.. .. ..

2.3 29.7 10.9

9.2 3.4 0.5

4.6 10.0 9.9

5.8 16.3 3.9

0.0 0.0 0.0

1.8 4.3 0.1

9.9 3.5 3.5

.. .. .. .. .. .. ..

4,410 .. .. .. .. .. 275

3,541 1,679 81 2,386 31 -98 460

5,756 2,653 227 3,864 142 -158 1,340

6,359 3,132 267 4,426 59 -56 1,889

7,787 4,381 345 6,007 470 -247 2,264

9,427 5,255 407 7,913 253 -1,210 2,110

8,990 3,726 401 5,971 184 .. 2,288

.. .. .. .. .. .. ..

.. 29.0 .. 11.2 22.6 21.5 ..

87.5 41.5 8.2 3.7 38.8 31.3 2.3

112.0 51.6 10.3 26.9 30.8 45.1 4.2

104.9 51.7 18.0 26.4 31.3 57.5 5.1

95.0 53.4 16.1 38.4 25.0 54.4 4.5

89.2 49.7 9.1 35.6 22.3 45.0 3.2

150.0 62.2 14.8 34.0 19.3 40.9 4.6

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

188


MACEDONIA, FYR (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

1,078 788 605 288 97 84 317 184 0 103 289 0

1,333 1,206 921 570 116 249 352 284 0 274 127 0

2,109 1,638 1,203 914 244 364 289 435 177 252 471 0

2,362 1,556 1,298 1,028 259 383 270 258 198 56 805 0

2,564 1,520 1,239 1,040 193 394 199 281 221 57 1,044 0

3,018 1,574 1,277 1,047 237 386 230 297 209 79 1,443 0

3,689 1,874 1,321 1,081 271 382 240 552 468 77 1,816 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

75 75 74 74 20 42 0 0 0 0 0 0

151 98 96 79 13 38 17 1 0 0 54 0

318 294 105 94 54 8 11 189 187 2 25 0

399 111 82 71 11 5 11 29 0 28 289 0

538 142 138 108 54 0 31 3 0 3 396 0

796 174 137 86 52 0 52 37 0 30 622 0

884 347 103 76 43 0 27 244 244 0 537 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

19 19 19 19 19 0 0 0 0 0 0 0

74 25 23 20 3 0 3 2 0 2 49 0

171 81 67 31 11 2 36 14 0 14 90 0

430 307 79 36 12 4 43 228 0 227 123 0

485 294 286 171 134 5 115 8 0 6 191 0

295 78 74 52 8 6 21 5 0 4 217 0

374 88 81 60 9 7 21 7 0 5 287 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

9 9 9 9 8 0 0 0 0 0 0 0

37 30 20 19 7 2 1 10 0 10 7 0

54 41 32 20 7 3 12 9 0 8 13 0

82 52 37 23 10 3 13 15 9 6 30 0

88 51 38 29 11 3 9 12 10 2 38 0

105 54 41 33 10 3 8 14 10 3 50 0

93 47 33 26 8 3 6 15 10 5 46 0

.. ..

174 74

44 59

154 118

314 22

876 713

529 571

900 739

.. .. ..

256 0 0

44 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

136 24

112 22

109 20

113 19

119 17

116 15

113 13

106 11

400 141

311 122

288 116

402 53

104 44

277 41

109 31

93 22

Notes: Short-term debt is based on Central Bank data from 2004.

189


MADAGASCAR (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

3,689 3,320 3,320 0 144 225 126

4,302 3,687 3,687 0 73 542 486

4,691 4,286 4,286 0 104 301 203

3,494 3,182 3,182 0 212 99 72

1,492 1,242 1,242 0 29 221 186

1,707 1,411 1,411 0 43 254 189

2,086 1,732 1,727 4 99 255 188

2,213 1,851 1,846 4 101 262 189

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

266 3,244 76 211

1,194 3,555 133 80

665 4,164 122 187

218 3,136 46 295

223 1,238 4 284

196 1,407 3 192

197 1,725 7 506

196 1,845 6 83

External debt flows Disbursements Long-term external debt IMF purchases

231 213 17

90 90 0

200 150 50

265 249 17

291 280 12

273 261 12

394 335 59

120 120 0

Principal repayments Long-term external debt IMF repurchases

121 69 51

38 24 15

79 74 5

48 38 10

36 36 0

9 9 0

14 14 0

29 29 0

Net flows Long-term external debt Short-term external debt

194 144 83

59 66 7

45 76 -76

244 211 27

263 243 8

294 252 30

382 321 2

98 92 6

Interest payments Long-term external debt IMF charges Short-term external debt

102 85 10 7

20 16 0 3

38 28 0 9

30 28 1 1

23 21 0 2

13 10 0 3

12 11 0 1

17 15 0 1

22 0

10 ..

83 ..

85 ..

294 ..

777 ..

1,112 ..

1,384 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.9 0.1 1.4 42.5

.. 7.7 0.1 1.3 45.0

.. 7.4 0.1 0.9 56.8

2.3 0.0 0.0 0.1 71.9

5.8 0.0 0.0 0.4 55.7

3.0 0.0 0.0 0.4 57.2

2.9 0.0 0.0 0.3 53.5

3.0 0.0 0.0 0.3 52.2

1.1 36.4 9.7

1.1 36.8 9.6

0.8 40.1 10.2

0.8 37.8 9.8

0.8 43.5 10.1

1.1 33.5 9.0

1.3 31.3 6.9

1.0 36.1 6.7

5.0 5.1 1.1

0.0 0.0 0.0

0.0 0.0 0.0

1.0 30.8 11.3

0.0 0.0 0.0

0.0 0.0 0.0

4.3 3.9 0.3

0.0 0.0 0.0

2,958 485 8 985 1 -265 92

3,002 756 14 1,161 3 -276 109

3,807 1,210 11 1,584 4 -260 285

4,960 1,356 11 2,146 38 -554 481

5,435 1,698 11 2,369 .. .. 583

7,284 .. 11 3,438 .. .. 847

9,412 .. 11 4,924 .. .. 982

.. 1,998 11 3,868 .. .. 1,135

759.9 124.7 45.9 6.1 33.4 2.5 1.1

568.9 143.3 7.7 12.6 39.3 2.5 1.1

387.6 123.2 9.6 6.4 39.0 6.1 2.2

257.7 70.4 5.8 2.8 81.3 13.8 2.7

87.8 27.4 3.5 14.8 59.6 39.1 3.0

.. 23.4 .. 14.9 64.0 49.6 3.0

.. 22.2 .. 12.2 66.1 47.1 2.4

110.8 .. 2.3 11.8 65.4 51.3 3.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

190


MADAGASCAR (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,320 3,320 3,180 1,231 26 770 1,949 140 0 38 0 0

3,687 3,687 3,603 1,690 12 1,110 1,913 84 0 28 0 0

4,286 4,286 4,247 1,828 0 1,378 2,419 39 0 23 0 0

3,182 3,182 3,173 2,839 0 2,298 334 9 0 8 0 0

1,242 1,242 1,236 888 0 636 347 6 0 5 0 0

1,411 1,411 1,404 1,093 0 865 311 6 0 5 0 0

1,732 1,727 1,721 1,378 0 1,066 343 7 0 6 4 0

1,851 1,846 1,839 1,447 0 1,105 393 7 0 6 4 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

213 213 212 136 0 64 77 1 0 0 0 0

90 90 89 78 0 76 11 1 0 0 0 0

150 150 150 143 0 94 7 0 0 0 0 0

249 249 249 248 0 221 1 0 0 0 0 0

280 280 280 256 0 178 24 0 0 0 0 0

261 261 261 250 0 198 10 0 0 0 0 0

335 332 331 300 0 211 31 0 0 0 3 0

120 119 119 71 0 31 48 0 0 0 2 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

69 69 53 19 3 3 34 16 0 11 0 0

24 24 19 18 4 7 1 5 0 1 0 0

74 74 73 37 0 17 36 0 0 0 0 0

38 38 37 22 0 11 15 1 0 1 0 0

36 36 33 19 0 7 14 3 0 3 0 0

9 9 8 7 0 0 1 1 0 0 0 0

14 13 13 5 0 1 8 0 0 0 1 0

29 27 27 14 0 1 13 0 0 0 1 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

85 85 72 18 2 5 54 13 0 10 0 0

16 16 15 12 1 8 4 1 0 0 0 0

28 28 28 17 0 10 11 0 0 0 0 0

28 28 28 22 0 17 6 0 0 0 0 0

21 21 21 16 0 11 5 0 0 0 0 0

10 10 10 9 0 6 1 0 0 0 0 0

11 11 11 10 0 7 1 0 0 0 0 0

15 15 15 12 0 8 3 0 0 0 0 0

271 194

226 59

-53 45

-295 244

-2,002 263

216 294

379 382

127 98

88 185 0

0 0 0

0 0 0

26 100 0

11 2,475 0

1 143 0

14 6 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

83 18

63 18

64 19

53 20

62 20

69 19

58 19

65 18

1 0

1 0

1 0

1 0

0 0

0 0

0 0

1 0

Notes: Madagascar was granted debt relief effective in 2006 under MDRI.

191


MALAWI (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

1,557 1,383 1,381 2 115 58 6

2,238 2,078 2,078 0 116 44 1

2,705 2,544 2,544 0 83 78 37

3,183 3,062 3,062 0 75 46 34

872 789 789 0 19 64 0

836 805 805 0 31 0 0

959 835 835 0 125 0 0

1,093 899 899 0 127 67 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

19 1,371 13 259

7 2,075 3 102

72 2,541 3 59

13 3,062 0 25

0 789 0 20

0 805 0 94

0 835 0 170

0 899 0 187

External debt flows Disbursements Long-term external debt IMF purchases

161 136 25

227 215 12

127 119 8

97 89 8

108 94 14

79 69 10

163 66 97

81 81 0

Principal repayments Long-term external debt IMF repurchases

86 67 19

75 65 10

42 33 9

52 38 15

49 32 17

20 20 0

17 17 0

20 20 0

Net flows Long-term external debt Short-term external debt

88 69 13

183 150 32

83 86 -2

45 51 1

112 62 52

-4 49 -64

146 49 0

128 61 67

Interest payments Long-term external debt IMF charges Short-term external debt

47 36 6 4

43 39 1 3

21 18 0 3

23 22 1 0

21 18 1 2

13 12 0 2

15 15 0 0

16 15 1 0

23 1

6 ..

26 ..

52 ..

72 ..

92 ..

170 ..

60 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 9.3 16.8 0.1 46.9

.. 12.3 9.0 0.1 53.6

.. 8.4 6.2 0.1 65.9

3.3 6.2 4.8 0.0 65.8

8.7 0.0 0.0 0.0 57.0

5.2 0.0 0.0 0.0 59.0

3.7 0.0 0.0 0.0 57.4

3.4 0.0 0.0 0.0 58.3

1.1 39.5 9.4

1.0 38.6 9.6

0.8 44.7 10.1

1.4 41.4 8.9

0.8 34.6 10.7

1.7 37.1 9.7

1.2 35.3 12.9

1.4 30.7 7.3

8.6 11.8 3.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1,837 452 .. 638 5 -86 142

1,350 473 1 708 9 -78 115

1,707 471 1 680 15 -73 247

2,813 .. 1 .. .. .. 165

3,125 .. 1 .. .. .. 142

3,563 .. 1 895 .. .. 227

4,025 .. 1 1,090 .. .. 254

4,418 .. 1 .. .. .. 150

344.1 84.7 29.3 3.7 69.9 9.1 2.7

472.8 165.8 24.9 1.9 76.3 5.1 1.9

574.7 158.4 13.4 2.9 75.6 9.1 4.4

.. 113.1 .. 1.5 80.5 5.2 ..

.. 27.9 .. 7.3 49.4 16.3 ..

.. 23.5 .. .. 52.3 27.2 3.0

.. 23.8 .. .. 50.7 26.5 2.8

.. 24.7 .. 6.1 49.4 13.7 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

192


MALAWI (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,383 1,381 1,303 1,088 91 764 216 78 0 35 2 0

2,078 2,078 2,050 1,708 55 1,251 342 28 0 0 0 0

2,544 2,544 2,526 2,044 9 1,592 482 18 0 0 0 0

3,062 3,062 3,043 2,561 0 1,940 482 18 0 17 0 0

789 789 778 431 0 157 347 11 0 10 0 0

805 805 793 437 0 178 356 12 0 10 0 0

835 835 825 486 0 188 339 10 0 10 0 0

899 899 889 540 0 213 349 10 0 10 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

136 136 128 118 2 99 10 7 0 0 0 0

215 215 215 97 0 73 118 0 0 0 0 0

119 119 119 119 0 97 0 0 0 0 0 0

89 89 89 88 0 45 1 0 0 0 0 0

94 94 94 82 0 46 12 0 0 0 0 0

69 69 69 51 0 14 17 0 0 0 0 0

66 66 66 62 0 12 4 0 0 0 0 0

81 81 81 56 0 24 25 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

67 65 61 20 8 3 41 4 0 0 1 0

65 65 43 28 12 7 14 23 0 10 0 0

33 33 33 30 8 16 3 0 0 0 0 0

38 38 35 30 0 12 6 3 0 2 0 0

32 32 30 25 0 10 5 2 0 1 0 0

20 20 19 8 0 0 11 1 0 1 0 0

17 17 17 7 0 0 10 0 0 0 0 0

20 20 20 8 0 0 13 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

36 36 30 19 8 5 12 6 0 3 0 0

39 39 35 25 7 9 10 4 0 1 0 0

18 18 18 17 1 12 1 0 0 0 0 0

22 22 22 20 0 14 1 0 0 0 0 0

18 18 18 17 0 10 1 0 0 0 0 0

12 12 11 4 0 1 7 0 0 0 0 0

15 15 15 4 0 1 11 0 0 0 0 0

15 15 14 4 0 1 10 0 0 0 0 0

148 88

218 183

-36 83

-244 45

-2,311 112

-36 -4

124 146

134 128

0 51 0

0 0 0

0 0 0

1 54 0

180 2,512 0

24 56 0

0 16 0

11 1 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

28 16

28 17

28 18

31 18

34 17

37 17

37 16

36 16

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Malawi was granted debt relief effective in 2006 under MDRI. Data include the effects of Paris Club restructuring agreement signed in 2006. Data for 2007, 2008, and 2009 include the effects of Enhanced HIPC Initiative, in the amount of $686 in thousands, $835 in thousands, and $1,070 in thousands respectively.

193


MALAYSIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

15,328 13,422 11,592 1,830 0 1,906 0

34,343 27,069 16,023 11,046 0 7,274 0

41,874 37,300 19,234 18,067 0 4,573 0

51,981 38,805 22,449 16,356 0 13,176 0

55,026 43,223 22,599 20,624 0 11,803 0

61,566 38,466 18,440 20,026 0 23,100 0

66,181 43,381 21,463 21,918 0 22,800 0

66,390 42,696 21,364 21,332 0 23,695 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 11,592 1,830 701

0 16,023 11,046 3,772

0 19,135 18,166 5,464

0 22,431 16,374 1,212

0 22,588 20,635 1,990

0 18,436 20,030 202

0 21,463 21,918 2,533

0 16,864 25,832 4,500

External debt flows Disbursements Long-term external debt IMF purchases

1,683 1,683 0

8,503 8,503 0

5,921 5,921 0

6,050 6,050 0

7,038 7,038 0

5,037 5,037 0

5,180 5,180 0

6,339 6,339 0

Principal repayments Long-term external debt IMF repurchases

3,167 3,167 0

4,450 4,450 0

4,146 4,146 0

7,192 7,192 0

5,269 5,269 0

7,819 7,819 0

6,258 6,258 0

8,793 8,793 0

Net flows Long-term external debt Short-term external debt

-1,851 -1,484 -367

5,138 4,053 1,085

337 1,775 -1,439

601 -1,142 1,744

396 1,769 -1,373

8,516 -2,781 11,297

-1,378 -1,078 -300

-1,560 -2,455 895

Interest payments Long-term external debt IMF charges Short-term external debt

1,166 997 0 169

1,591 1,150 0 441

2,299 2,033 0 266

2,197 1,872 0 325

2,362 1,882 0 480

2,618 2,024 0 594

2,515 2,038 0 476

2,276 1,695 0 581

2,332 0

4,178 0

3,788 ..

3,966 -1,200

6,076 2,355

8,454 -669

7,376 -10,716

1,609 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 36.5 1.6 3.6 31.8

.. 34.6 1.0 3.1 48.5

.. 27.6 0.7 0.0 62.8

4.1 22.3 0.6 0.0 70.8

4.5 19.6 0.6 0.0 73.5

6.2 20.8 0.8 0.0 70.6

5.0 20.7 0.5 0.0 72.7

0.1 15.8 0.6 0.0 82.9

4.0 22.9 6.7

3.4 24.4 6.3

3.1 24.1 3.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

8.9 11.4 2.6

6.3 16.9 14.0

7.0 7.6 4.0

5.2 9.6 9.5

5.7 9.2 5.6

5.7 8.8 0.8

4.7 7.0 0.8

5.3 8.4 8.4

42,152 34,514 185 35,486 1,926 -870 10,659

84,689 85,992 116 93,618 4,144 -8,644 24,699

86,182 114,356 342 103,944 7,173 8,488 28,651

131,531 166,757 1,117 142,299 8,330 19,980 70,458

151,811 191,091 1,365 160,331 8,858 26,200 82,876

181,942 217,219 1,570 183,394 9,839 29,243 101,995

214,063 242,135 1,329 197,959 13,838 38,914 92,166

185,469 211,985 1,315 155,380 .. .. 96,704

44.4 36.4 12.6 12.4 11.8 69.5 3.6

39.9 40.6 7.0 21.2 4.8 71.9 3.2

36.6 48.6 5.6 10.9 3.1 68.4 3.3

31.2 39.5 5.6 25.3 1.8 135.5 5.9

28.8 36.2 4.0 21.4 1.5 150.6 6.2

28.3 33.8 4.8 37.5 0.8 165.7 6.7

27.3 30.9 3.6 34.5 0.6 139.3 5.6

31.3 35.8 5.2 35.7 0.5 145.7 7.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

194


MALAYSIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

13,422 11,592 4,191 1,812 1,102 0 2,378 7,401 4,090 2,285 1,830 0

27,069 16,023 5,489 1,644 1,059 0 3,845 10,533 6,062 4,171 11,046 1,765

37,300 19,234 4,950 1,314 812 0 3,637 14,284 9,945 2,292 18,067 3,402

38,805 22,449 6,542 936 533 0 5,606 15,907 12,647 1,867 16,356 7,623

43,223 22,599 6,605 798 437 0 5,807 15,994 12,845 1,987 20,624 7,960

38,466 18,440 4,374 471 135 0 3,903 14,066 11,806 1,307 20,026 7,009

43,381 21,463 5,164 399 85 0 4,765 16,299 11,767 3,729 21,918 6,568

42,696 21,364 4,092 303 39 0 3,789 17,272 13,316 3,380 21,332 5,927

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,683 798 737 273 205 0 464 61 0 57 885 0

8,503 4,150 837 135 88 0 702 3,313 2,100 1,205 4,353 480

5,921 3,460 1,446 61 15 0 1,385 2,015 1,061 672 2,461 361

6,050 2,182 981 36 0 0 944 1,201 1,150 51 3,868 1,615

7,038 1,801 396 30 0 0 366 1,405 1,000 405 5,237 620

5,037 558 206 21 0 0 185 352 0 352 4,479 0

5,180 1,942 98 13 0 0 85 1,844 0 1,844 3,238 0

6,339 5,319 47 8 0 0 39 5,271 4,500 771 1,020 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3,167 2,697 365 216 164 0 149 2,332 1,239 664 470 0

4,450 1,701 455 261 194 0 195 1,245 140 420 2,749 0

4,146 2,017 840 139 100 0 701 1,176 200 864 2,129 745

7,192 4,752 1,218 155 92 0 1,064 3,534 2,036 1,256 2,440 237

5,269 2,447 811 167 96 0 644 1,635 920 484 2,822 337

7,819 3,646 1,691 354 302 0 1,337 1,956 1,170 556 4,172 1,000

6,258 1,503 820 100 50 0 720 683 0 436 4,755 250

8,793 5,351 1,053 102 47 0 951 4,298 2,959 1,119 3,442 1,398

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

997 956 232 145 86 0 87 724 414 199 41 0

1,150 805 284 128 83 0 155 522 251 190 345 28

2,033 1,171 259 98 66 0 160 912 611 189 862 159

1,872 1,222 314 47 33 0 267 908 760 91 650 363

1,882 1,191 228 40 27 0 188 963 796 109 690 437

2,024 1,181 202 32 19 0 170 979 811 119 843 434

2,038 985 129 20 8 0 109 856 750 69 1,053 373

1,695 825 124 15 4 0 109 701 601 83 870 339

-949 -1,851

4,007 5,138

-30 337

-175 601

3,045 396

6,540 8,516

4,615 -1,378

210 -1,560

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

649 92

566 78

546 65

322 53

295 44

236 36

214 30

187 23

6,033 1,445

6,072 1,260

3,606 1,081

2,920 985

5,660 893

5,299 653

1,844 467

1,321 404

Notes: Long-term public and publicly guaranteed, long-term private nonguaranteed debt and short-term debt for 2009 are World Bank staff estimates based on government statistics.

195


MALDIVES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

78.0 64.0 64.0 0.0 0.0 14.0 0.0

154.9 151.9 151.9 0.0 0.0 3.0 0.0

206.0 184.7 184.7 0.0 0.0 21.4 0.0

391.9 329.7 329.7 0.0 5.9 56.3 0.3

488.0 383.6 383.6 0.0 6.2 98.2 0.2

629.8 444.4 444.4 0.0 6.5 179.0 0.0

715.9 497.3 497.3 0.0 3.9 214.6 1.6

780.2 569.4 569.4 0.0 8.8 202.0 1.0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0.0 64.0 0.0 15.5

0.0 151.9 0.0 29.2

0.0 183.4 1.2 38.1

0.0 300.4 29.3 73.7

0.0 355.9 27.8 144.4

0.0 418.8 25.5 70.8

8.6 474.7 22.6 193.7

8.7 550.1 19.3 114.3

External debt flows Disbursements Long-term external debt IMF purchases

13.0 13.0 0.0

34.7 34.7 0.0

13.6 13.6 0.0

57.9 51.8 6.1

67.1 67.1 0.0

73.8 73.8 0.0

102.2 102.2 0.0

121.5 113.6 7.9

Principal repayments Long-term external debt IMF repurchases

6.0 6.0 0.0

7.1 7.1 0.0

13.9 13.9 0.0

24.4 24.4 0.0

25.5 25.5 0.0

32.6 32.6 0.0

42.9 40.4 2.4

50.0 46.8 3.2

Net flows Long-term external debt Short-term external debt

8.6 7.0 1.6

29.6 27.6 2.0

-3.8 -0.4 -3.5

57.5 27.5 24.0

83.6 41.6 42.0

122.2 41.2 81.0

93.3 61.8 34.0

59.5 66.7 -12.0

Interest payments Long-term external debt IMF charges Short-term external debt

2.8 1.3 0.0 1.5

3.7 3.6 0.0 0.2

5.9 4.7 0.0 1.2

11.2 9.1 0.1 2.0

15.8 10.5 0.3 5.0

22.8 12.8 0.3 9.7

22.7 14.0 0.3 8.5

19.2 13.1 0.1 6.0

5.6 0.0

7.2 0.0

13.0 0.0

9.5 0.0

13.9 0.0

15.0 0.0

15.4 0.0

9.6 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.4 0.0 25.4

.. 0.0 0.0 0.0 51.3

.. 0.0 0.2 0.0 53.3

8.6 0.0 0.0 0.0 55.7

14.7 0.0 0.0 0.0 52.0

20.5 0.0 0.0 0.0 48.5

22.3 0.3 0.0 0.0 47.6

18.7 1.2 0.0 0.0 54.0

0.8 37.3 9.2

2.5 34.8 10.1

2.5 34.7 9.3

1.1 30.5 7.4

3.6 19.5 4.5

4.1 20.1 5.2

0.9 12.9 4.0

2.5 23.6 5.8

0.0 0.0 0.0

7.9 6.0 1.7

6.6 8.4 1.1

6.6 7.8 1.6

8.4 10.3 1.5

6.9 8.3 1.8

0.0 0.0 0.0

2.1 11.2 1.7

193.9 183.8 1.7 177.7 13.9 9.9 24.4

379.0 322.4 2.4 337.0 19.9 -18.2 48.0

594.3 467.5 2.2 492.0 34.4 -51.5 122.8

725.9 495.4 2.3 910.4 31.0 -273.0 186.3

877.8 792.7 2.8 1102.8 41.0 -302.0 231.4

1010.9 898.8 3.0 1322.9 44.9 -437.8 308.3

1208.5 1052.1 3.1 1651.2 42.2 -651.3 240.6

1300.8 833.8 3.1 1185.2 26.4 .. 261.0

42.4 40.2 4.8 18.0 41.7 31.3 1.6

48.0 40.9 3.4 1.9 57.0 31.0 1.7

44.1 34.7 4.2 10.4 57.6 59.6 3.0

79.1 54.0 7.2 14.4 44.6 47.5 2.5

61.6 55.6 5.2 20.1 44.7 47.4 2.5

70.1 62.3 6.2 28.4 41.7 49.0 2.8

68.0 59.2 6.2 30.0 39.0 33.6 1.7

93.6 60.0 8.3 25.9 37.0 33.4 2.6

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

196


MALDIVES (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

64.0 64.0 60.2 32.5 0.0 10.0 27.6 3.8 0.0 0.0 0.0 0.0

151.9 151.9 142.6 88.3 0.0 36.1 54.3 9.4 0.0 3.4 0.0 0.0

184.7 184.7 154.8 118.8 0.0 46.4 36.0 29.9 0.0 23.7 0.0 0.0

329.7 329.7 280.1 174.8 0.0 64.4 105.4 49.6 0.0 49.6 0.0 0.0

383.6 383.6 321.0 218.0 0.0 69.8 103.0 62.6 0.0 62.6 0.0 0.0

444.4 444.4 360.0 262.4 0.0 76.7 97.6 84.4 0.0 84.4 0.0 0.0

497.3 497.3 383.1 279.4 0.0 79.1 103.7 114.2 0.0 114.2 0.0 0.0

569.4 569.4 471.9 288.4 0.0 84.2 183.5 97.5 0.0 97.5 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

13.0 13.0 9.6 3.6 0.0 1.2 5.9 3.5 0.0 0.0 0.0 0.0

34.7 34.7 30.9 16.2 0.0 3.9 14.7 3.8 0.0 2.4 0.0 0.0

13.6 13.6 6.3 6.1 0.0 3.3 0.2 7.3 0.0 6.1 0.0 0.0

51.8 51.8 35.5 16.1 0.0 4.6 19.4 16.3 0.0 16.3 0.0 0.0

67.1 67.1 49.6 38.9 0.0 3.4 10.7 17.5 0.0 17.5 0.0 0.0

73.8 73.8 45.2 39.0 0.0 5.2 6.1 28.6 0.0 28.6 0.0 0.0

102.2 102.2 54.8 36.0 0.0 4.2 18.8 47.4 0.0 47.4 0.0 0.0

113.6 113.6 108.9 16.0 0.0 5.8 92.9 4.6 0.0 4.6 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

6.0 6.0 3.7 1.5 0.0 0.0 2.2 2.3 0.0 1.5 0.0 0.0

7.1 7.1 4.8 1.3 0.0 0.1 3.5 2.3 0.0 0.6 0.0 0.0

13.9 13.9 6.7 2.4 0.0 0.4 4.3 7.3 0.0 6.1 0.0 0.0

24.4 24.4 15.3 3.8 0.0 1.0 11.5 9.0 0.0 8.0 0.0 0.0

25.5 25.5 18.0 4.1 0.0 1.1 13.9 7.5 0.0 7.5 0.0 0.0

32.6 32.6 21.9 8.2 0.0 1.1 13.7 10.7 0.0 10.7 0.0 0.0

40.4 40.4 25.1 12.7 0.0 1.2 12.4 15.4 0.0 15.4 0.0 0.0

46.8 46.8 23.9 11.5 0.0 1.3 12.4 22.9 0.0 22.9 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.3 1.3 0.8 0.3 0.0 0.1 0.5 0.5 0.0 0.1 0.0 0.0

3.6 3.6 2.7 1.0 0.0 0.3 1.7 0.8 0.0 0.2 0.0 0.0

4.7 4.7 2.6 1.5 0.0 0.3 1.1 2.2 0.0 1.8 0.0 0.0

9.1 9.1 6.8 2.1 0.0 0.5 4.8 2.2 0.0 2.2 0.0 0.0

10.5 10.5 7.8 2.2 0.0 0.5 5.6 2.8 0.0 2.8 0.0 0.0

12.8 12.8 9.0 3.7 0.0 0.5 5.3 3.8 0.0 3.8 0.0 0.0

14.0 14.0 8.9 4.8 0.0 0.6 4.1 5.0 0.0 5.0 0.0 0.0

13.1 13.1 7.8 4.3 0.0 0.6 3.5 5.3 0.0 5.3 0.0 0.0

11.2 8.6

31.3 29.6

-12.9 -3.8

26.1 57.5

96.1 83.6

141.8 122.2

86.1 93.3

64.3 59.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

77.7 6.0

79.4 6.3

46.6 6.3

34.4 6.0

33.2 5.6

27.9 5.2

30.8 4.8

25.9 4.6

24.8 3.7

30.9 3.3

26.6 2.7

18.9 2.1

17.3 1.6

14.8 1.2

12.3 0.9

9.4 0.6

197


MALI (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,468 2,337 2,337 0 69 62 9

2,958 2,739 2,739 0 147 72 28

2,960 2,671 2,671 0 176 114 42

3,260 3,095 3,095 0 109 55 6

1,656 1,618 1,618 0 8 30 6

1,992 1,973 1,973 0 13 6 6

2,125 2,078 2,078 0 40 7 7

2,667 2,592 2,592 0 44 32 8

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

63 2,331 6 123

342 2,739 0 163

541 2,671 0 245

118 3,095 0 437

134 1,618 0 277

144 1,973 0 436

160 2,078 0 302

182 2,592 0 498

External debt flows Disbursements Long-term external debt IMF purchases

195 167 28

238 193 45

109 100 9

282 280 2

150 144 6

261 257 4

198 170 28

494 491 3

Principal repayments Long-term external debt IMF repurchases

44 25 18

62 55 7

66 50 16

69 52 17

58 58 0

47 47 0

45 45 0

55 55 0

Net flows Long-term external debt Short-term external debt

159 142 8

200 138 24

-31 50 -73

218 228 5

67 86 -25

190 210 -24

154 125 0

463 436 24

Interest payments Long-term external debt IMF charges Short-term external debt

24 17 4 3

25 22 1 2

26 18 1 8

30 27 0 3

26 24 0 2

20 19 0 1

25 25 0 0

26 25 0 0

6 0

111 ..

82 0

224 9

83 3

73 -6

180 -3

109 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.3 2.6 2.3 14.8

.. 2.3 1.8 2.1 22.5

.. 2.9 1.8 1.5 33.9

14.1 2.0 1.7 1.6 44.5

19.0 3.7 3.8 3.3 28.8

16.9 3.0 3.1 2.9 29.5

14.9 3.3 2.1 3.0 30.4

13.7 2.4 1.9 2.4 31.8

1.0 29.9 8.4

1.5 30.7 8.8

0.6 34.9 8.8

1.1 34.5 8.6

0.9 41.9 9.8

1.4 32.0 8.2

1.1 36.8 9.3

1.1 33.8 8.6

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

5.9 11.4 4.9

4.0 11.2 4.7

2,405 442 107 889 4 -221 198

2,419 538 112 1,040 5 -284 323

2,392 665 73 1,046 76 -255 381

5,099 1,443 177 2,108 190 -438 855

5,524 1,933 212 2,476 251 -219 970

7,146 2,004 344 2,985 262 -581 1,087

8,722 2,653 431 4,174 326 -1,066 1,072

8,996 .. 424 .. .. .. 1,604

557.9 102.6 15.3 2.5 36.3 8.0 2.7

550.2 122.3 16.1 2.4 47.2 10.9 3.7

445.3 123.7 14.0 3.8 51.1 12.9 4.4

225.9 63.9 6.9 1.7 68.7 26.2 4.9

85.7 30.0 4.4 1.8 42.3 58.5 4.7

99.4 27.9 3.3 0.3 48.6 54.6 4.4

80.1 24.4 2.6 0.3 51.3 50.4 3.1

.. 29.6 .. 1.2 56.4 60.2 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

198


MALI (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

2,337 2,337 2,321 897 0 498 1,424 16 0 0 0 0

2,739 2,739 2,737 1,397 0 863 1,340 2 0 2 0 0

2,671 2,671 2,671 1,513 0 957 1,158 0 0 0 0 0

3,095 3,095 3,091 2,240 0 1,424 851 5 0 5 0 0

1,618 1,618 1,611 701 0 297 910 7 0 7 0 0

1,973 1,973 1,967 969 0 452 998 7 0 7 0 0

2,078 2,078 2,073 1,089 0 534 983 5 0 5 0 0

2,592 2,592 2,585 1,504 0 698 1,081 7 0 7 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

167 167 167 115 0 43 52 0 0 0 0 0

193 193 193 146 0 85 47 0 0 0 0 0

100 100 100 85 0 49 14 0 0 0 0 0

280 280 277 210 0 111 66 3 0 3 0 0

144 144 143 108 0 49 35 1 0 1 0 0

257 257 257 190 0 139 67 0 0 0 0 0

170 170 170 157 0 88 13 0 0 0 0 0

491 491 488 381 0 160 107 3 0 3 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

25 25 24 14 0 2 11 1 0 0 0 0

55 55 55 23 0 6 32 0 0 0 0 0

50 50 50 26 0 7 24 0 0 0 0 0

52 52 52 34 0 9 19 0 0 0 0 0

58 58 58 39 0 5 20 0 0 0 0 0

47 47 46 21 0 0 25 1 0 1 0 0

45 45 44 25 0 0 18 1 0 1 0 0

55 55 54 31 0 1 23 1 0 1 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

17 17 17 10 0 3 7 1 0 0 0 0

22 22 22 12 0 6 10 0 0 0 0 0

18 18 18 12 0 7 5 0 0 0 0 0

27 27 27 21 0 11 6 0 0 0 0 0

24 24 23 16 0 7 7 1 0 1 0 0

19 19 19 11 0 3 8 0 0 0 0 0

25 25 24 13 0 4 11 0 0 0 0 0

25 25 25 15 0 4 10 0 0 0 0 0

340 159

264 200

-236 -31

-71 218

-1,604 67

336 190

132 154

543 463

11 3 0

0 0 0

0 34 45

0 33 0

0 1,898 0

0 6 0

0 9 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

113 28

113 30

114 31

113 31

124 31

142 30

145 29

154 27

3 0

3 0

3 0

1 0

1 0

1 0

0 0

0 0

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates. Mali was granted debt relief effective in 2006 under MDRI.

199


MAURITANIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,113 1,806 1,806 0 70 238 63

2,396 2,127 2,127 0 100 169 79

2,378 2,029 2,029 0 98 251 112

2,308 2,072 2,072 0 69 167 109

1,618 1,389 1,389 0 0 229 130

1,705 1,438 1,438 0 13 254 128

1,987 1,670 1,670 0 16 301 135

2,029 1,851 1,851 0 16 163 134

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

142 1,806 0 216

174 2,127 0 114

337 2,029 0 106

213 2,072 0 395

223 1,389 0 158

218 1,438 0 307

252 1,670 0 326

212 1,851 0 150

External debt flows Disbursements Long-term external debt IMF purchases

148 136 12

133 111 22

123 115 8

143 143 0

175 175 0

197 185 13

297 294 3

273 273 0

Principal repayments Long-term external debt IMF repurchases

98 83 16

79 70 9

52 46 6

42 33 10

66 44 23

93 93 0

38 38 0

53 53 0

Net flows Long-term external debt Short-term external debt

102 54 53

68 42 14

62 69 -9

92 111 -9

149 131 41

131 92 27

300 256 40

83 220 -137

Interest payments Long-term external debt IMF charges Short-term external debt

47 35 3 9

38 32 0 5

31 20 1 11

23 20 0 3

25 20 0 5

28 23 0 5

26 21 0 4

24 23 0 1

7 0

7 0

40 ..

814 ..

106 ..

138 ..

338 ..

-38 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.3 0.6 0.0 34.3

.. 3.1 0.5 0.0 34.0

.. 3.6 0.4 0.0 40.9

2.2 0.1 0.0 0.1 49.3

5.3 0.1 0.0 0.1 32.1

8.3 0.1 0.0 0.1 36.0

9.4 0.1 0.0 0.1 37.8

8.1 0.0 0.0 0.0 39.3

3.1 31.2 8.5

1.1 34.7 9.7

1.9 28.5 7.5

3.3 21.8 5.4

1.5 30.5 8.4

2.6 27.3 5.6

2.8 25.6 6.2

1.9 21.1 7.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

5.8 9.8 1.8

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1,076 474 14 570 1 -10 59

1,366 506 5 559 4 22 90

1,092 .. 2 .. .. .. 49

1,901 .. 2 .. .. .. 70

2,769 .. 2 .. .. .. 194

2,750 .. 2 1,715 .. .. 207

3,571 .. 2 .. .. .. 199

3,047 .. 2 2,046 .. .. 238

445.4 196.4 30.7 11.2 31.0 2.8 1.2

473.9 175.3 23.1 7.1 38.6 3.8 1.9

.. 217.8 .. 10.6 41.8 2.1 ..

.. 121.4 .. 7.2 61.2 3.0 ..

.. 58.4 .. 14.1 45.1 12.0 ..

.. 62.0 .. 14.9 47.0 12.2 1.5

.. 55.6 .. 15.1 46.4 10.0 ..

.. 66.6 .. 8.0 54.9 11.7 1.4

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

200


MAURITANIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,806 1,806 1,709 654 54 210 1,055 97 0 0 0 0

2,127 2,127 2,119 926 11 336 1,193 8 0 0 0 0

2,029 2,029 2,009 994 0 449 1,016 19 0 0 0 0

2,072 2,072 2,048 1,413 0 677 635 23 0 23 0 0

1,389 1,389 1,368 730 0 130 638 22 0 22 0 0

1,438 1,438 1,418 801 0 203 616 20 0 20 0 0

1,670 1,670 1,656 922 0 243 734 14 0 14 0 0

1,851 1,851 1,838 1,114 0 282 725 12 0 12 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

136 136 136 112 0 39 24 0 0 0 0 0

111 111 111 88 0 30 24 0 0 0 0 0

115 115 115 106 0 57 9 0 0 0 0 0

143 143 128 109 0 42 19 15 0 15 0 0

175 175 175 169 0 47 6 0 0 0 0 0

185 185 185 134 0 66 51 0 0 0 0 0

294 294 294 159 0 43 135 0 0 0 0 0

273 273 273 219 0 38 54 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

83 83 81 66 11 1 15 1 0 0 0 0

70 70 69 35 2 2 34 0 0 0 0 0

46 46 43 34 2 1 9 2 0 0 0 0

33 33 31 17 0 2 14 1 0 1 0 0

44 44 42 39 0 1 3 2 0 2 0 0

93 93 92 86 0 0 6 1 0 1 0 0

38 38 31 25 0 0 7 6 0 6 0 0

53 53 52 31 0 0 21 1 0 1 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

35 35 34 20 4 1 14 1 0 0 0 0

32 32 32 15 1 2 17 0 0 0 0 0

20 20 18 14 0 2 5 2 0 0 0 0

20 20 19 15 0 6 4 1 0 1 0 0

20 20 19 16 0 3 3 1 0 1 0 0

23 23 22 17 0 2 5 1 0 1 0 0

21 21 21 14 0 2 7 0 0 0 0 0

23 23 23 13 0 2 10 0 0 0 0 0

142 102

136 68

-155 62

-15 92

-690 149

87 131

281 300

43 83

11 71 0

65 15 0

11 53 0

10 25 0

0 905 0

0 66 0

0 38 0

0 2 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

67 32

82 36

105 37

112 37

105 37

104 35

115 34

114 32

2 0

1 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Mauritania was granted debt relief effective in 2006 under MDRI.

201


MAURITIUS (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

934.0 909.7 762.2 147.5 22.1 2.3 2.3

1416.0 1414.9 1147.9 267.0 0.0 1.2 1.2

946.3 946.3 827.8 118.4 0.0 0.0 0.0

775.8 775.8 709.4 66.4 0.0 0.0 0.0

621.9 621.9 573.2 48.6 0.0 0.0 0.0

660.1 660.1 597.8 62.2 0.0 0.0 0.0

625.7 625.7 576.7 49.0 0.0 0.0 0.0

741.5 741.5 660.8 80.7 0.0 0.0 0.0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

5.3 762.2 147.5 136.7

0.0 1147.9 267.0 565.8

0.0 827.8 118.4 101.2

0.0 709.4 66.4 61.7

0.0 573.2 48.6 55.8

0.0 597.8 62.2 150.2

0.0 576.7 49.0 113.7

0.0 660.8 80.7 1203.9

External debt flows Disbursements Long-term external debt IMF purchases

161.1 161.1 0.0

408.6 408.6 0.0

128.1 128.1 0.0

137.9 137.9 0.0

39.3 39.3 0.0

118.0 118.0 0.0

114.0 114.0 0.0

215.6 215.6 0.0

Principal repayments Long-term external debt IMF repurchases

103.5 60.0 43.5

153.9 153.9 0.0

401.0 401.0 0.0

196.8 196.8 0.0

225.9 225.9 0.0

125.6 125.6 0.0

137.4 137.4 0.0

107.3 107.3 0.0

Net flows Long-term external debt Short-term external debt

57.7 101.2 0.0

254.7 254.7 0.0

-272.9 -272.9 0.0

-58.9 -58.9 0.0

-186.6 -186.6 0.0

-7.6 -7.6 0.0

-23.4 -23.4 0.0

108.3 108.3 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

47.8 42.8 5.0 0.0

55.9 55.9 0.0 0.0

51.8 51.8 0.0 0.0

29.6 29.6 0.0 0.0

29.0 29.0 0.0 0.0

26.3 26.3 0.0 0.0

23.3 23.3 0.0 0.0

17.9 17.9 0.0 0.0

41.0 0.0

18.7 22.0

265.6 -3.5

41.8 35.6

106.8 35.1

340.8 49.8

377.7 33.9

256.7 -32.5

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.0 8.7 0.5 14.4

.. 1.2 1.8 0.2 42.3

.. 2.6 1.6 0.3 45.9

48.6 5.6 1.5 0.2 24.9

52.7 6.2 1.7 0.2 20.5

51.2 6.5 1.5 0.2 21.7

45.8 8.4 1.5 0.1 24.9

39.2 6.7 1.2 0.0 35.8

6.0 17.9 6.3

5.1 17.5 5.5

3.9 15.7 4.7

2.6 14.2 4.8

5.0 17.2 5.8

4.1 18.7 5.3

4.2 15.6 5.5

1.1 18.4 5.0

0.0 0.0 0.0

6.3 6.1 4.3

7.5 1.9 1.9

2.5 1.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

2.8 11.3 1.8

2630.7 1777.8 .. 1994.5 22.5 -119.3 761.2

4021.2 2401.6 132.0 2524.9 15.5 -21.9 887.2

4552.7 2671.0 177.0 2771.8 8.1 -36.9 914.4

6275.7 3899.3 215.0 4284.3 33.6 -324.0 1371.6

6558.6 4374.0 215.0 5049.5 88.1 -604.4 1308.9

7745.5 5259.4 215.0 5818.3 90.1 -433.9 1831.7

9481.9 5747.7 215.0 6947.6 163.2 -975.8 1796.1

8874.2 4608.9 211.2 5507.2 194.7 -674.5 2315.6

52.5 35.5 8.5 0.2 33.3 81.5 4.6

59.0 35.2 8.7 0.1 19.1 62.7 4.2

35.4 20.8 16.9 .. 22.8 96.6 4.0

19.9 12.4 5.8 .. 31.4 176.8 3.8

14.2 9.5 5.8 .. 34.4 210.5 3.1

12.6 8.5 2.9 .. 37.3 277.5 3.8

10.9 6.6 2.8 .. 42.1 287.0 3.1

16.1 8.4 2.7 .. 49.9 312.3 5.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

202


MAURITIUS (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

909.7 762.2 647.3 310.8 176.2 18.8 336.5 114.9 0.0 102.2 147.5 0.0

1414.9 1147.9 663.6 269.8 140.3 16.5 393.9 484.2 150.0 314.8 267.0 0.0

946.3 827.8 493.8 215.7 85.8 13.5 278.1 334.1 0.0 324.0 118.4 0.0

775.8 709.4 485.8 243.7 68.3 10.4 242.1 223.6 0.0 172.8 66.4 0.0

621.9 573.2 423.7 214.2 61.1 9.8 209.5 149.6 0.0 117.4 48.6 0.0

660.1 597.8 481.1 245.9 81.1 9.2 235.2 116.7 0.0 86.9 62.2 0.0

625.7 576.7 487.0 263.5 102.7 8.6 223.4 89.7 0.0 65.6 49.0 0.0

741.5 660.8 570.7 369.8 203.7 7.9 200.9 90.2 0.0 69.8 80.7 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

161.1 103.7 96.1 22.6 5.6 0.0 73.5 7.6 0.0 0.2 57.4 0.0

408.6 352.6 39.4 18.0 10.5 0.0 21.3 313.2 150.0 158.7 56.0 0.0

128.1 118.9 42.9 17.2 3.6 0.0 25.6 76.0 0.0 76.0 9.2 0.0

137.9 126.5 62.5 31.4 2.4 0.0 31.1 64.0 0.0 60.9 11.4 0.0

39.3 27.8 27.8 13.9 1.0 0.0 13.9 0.0 0.0 0.0 11.5 0.0

118.0 88.6 88.6 47.2 30.6 0.0 41.4 0.0 0.0 0.0 29.4 0.0

114.0 86.4 86.4 47.9 30.0 0.0 38.5 0.0 0.0 0.0 27.6 0.0

215.6 146.8 127.6 127.6 108.9 0.0 0.0 19.2 0.0 19.2 68.8 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

60.0 43.7 39.4 22.3 16.0 0.2 17.1 4.3 0.0 4.1 16.3 0.0

153.9 93.9 60.6 33.4 23.3 0.6 27.2 33.3 0.0 21.6 60.0 0.0

401.0 385.5 55.0 33.8 18.1 0.6 21.2 330.4 150.0 146.3 15.5 0.0

196.8 175.4 85.0 30.6 8.7 0.6 54.4 90.4 0.0 82.9 21.4 0.0

225.9 203.2 112.8 52.0 8.2 0.6 60.9 90.3 0.0 68.2 22.7 0.0

125.6 104.6 59.1 25.3 10.8 0.6 33.8 45.4 0.0 40.0 21.0 0.0

137.4 102.8 80.5 25.6 9.5 0.6 54.9 22.3 0.0 17.9 34.6 0.0

107.3 70.1 48.6 23.8 7.9 0.6 24.8 21.5 0.0 17.1 37.1 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

42.8 36.9 33.1 19.3 14.0 0.2 13.8 3.8 0.0 3.3 5.9 0.0

55.9 49.9 35.5 16.1 10.8 0.1 19.3 14.5 0.0 12.4 6.0 0.0

51.8 51.2 22.5 8.8 4.6 0.1 13.7 28.7 5.3 21.7 0.6 0.0

29.6 29.5 19.0 6.6 1.8 0.1 12.4 10.5 0.0 8.8 0.1 0.0

29.0 28.8 18.3 8.4 2.7 0.1 9.9 10.5 0.0 8.7 0.2 0.0

26.3 25.6 17.4 8.6 4.1 0.1 8.8 8.2 0.0 6.7 0.7 0.0

23.3 23.0 17.4 9.1 3.7 0.1 8.3 5.6 0.0 4.1 0.3 0.0

17.9 17.1 13.7 7.2 3.0 0.1 6.5 3.4 0.0 2.5 0.8 0.0

119.6 57.7

316.7 254.7

-325.1 -272.9

-140.3 -58.9

-153.9 -186.6

38.2 -7.6

-34.3 -23.4

115.8 108.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

88.6 15.7

81.1 17.6

90.1 18.9

61.3 18.9

94.4 19.1

142.5 18.5

142.2 17.1

138.2 15.4

47.0 6.1

39.2 4.6

28.8 3.4

23.1 2.5

15.7 1.9

12.1 1.4

9.1 1.0

8.3 0.7

Notes: Long-term government debt and private nonguaranteed debt data for 2009 are World Bank staff estimates. Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2007, 2008, and 2009 are $8,255 millions, $5,082 millions, and $3,823 millions respectively.

203


MEXICO (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

104,442 81,809 75,974 5,835 6,551 16,082 0

165,379 112,250 93,902 18,348 15,828 37,300 0

150,901 131,969 81,488 50,481 0 18,932 0

167,942 161,363 108,482 52,881 0 6,578 0

162,497 152,260 96,029 56,231 0 10,237 0

192,689 168,840 105,376 63,464 0 23,848 0

203,579 179,552 113,950 65,602 0 24,027 0

192,008 168,672 99,374 69,299 0 23,335 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 75,595 6,214 12,484

0 93,471 18,779 24,610

0 81,210 50,758 10,828

0 108,448 52,916 14,933

0 96,022 56,238 14,974

0 105,374 63,467 16,663

0 113,950 65,602 24,384

0 99,374 69,299 22,795

External debt flows Disbursements Long-term external debt IMF purchases

14,229 12,045 2,184

42,966 29,678 13,288

34,024 32,830 1,194

33,895 33,895 0

32,008 32,008 0

37,312 37,312 0

44,115 44,115 0

34,701 34,701 0

Principal repayments Long-term external debt IMF repurchases

4,012 2,821 1,191

15,309 14,165 1,144

44,451 38,958 5,493

34,794 34,794 0

44,576 44,576 0

27,960 27,960 0

30,752 30,752 0

29,588 29,588 0

Net flows Long-term external debt Short-term external debt

17,637 9,224 7,420

25,635 15,513 -2,022

-15,557 -6,128 -5,130

-3,410 -899 -2,511

-8,910 -12,568 3,658

22,963 9,351 13,612

13,542 13,364 178

4,421 5,113 -691

Interest payments Long-term external debt IMF charges Short-term external debt

7,301 5,797 522 982

10,801 7,645 545 2,611

14,059 12,014 153 1,892

10,338 9,694 0 644

11,519 10,985 0 535

12,009 11,208 0 801

10,580 9,799 0 781

10,365 9,768 0 597

2,549 1,995

9,526 519

18,098 447

22,345 3,353

19,779 2,805

27,311 -482

23,170 -3,503

11,418 4,169

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.3 1.4 0.6 64.3

.. 8.3 0.7 0.4 65.2

.. 7.6 0.2 0.0 85.0

1.1 1.8 0.1 0.2 95.7

1.3 1.0 0.1 0.2 96.9

1.1 0.8 0.1 0.2 97.4

1.0 0.9 0.0 0.1 97.8

7.4 4.6 1.2 0.5 86.2

7.8 15.6 4.5

9.1 9.3 2.9

5.4 14.8 4.8

4.0 20.4 4.7

5.9 13.7 4.4

7.4 13.0 4.3

3.3 19.5 7.9

1.4 17.8 10.0

9.4 11.5 6.1

6.2 3.6 2.5

8.4 9.3 9.1

6.5 14.5 7.9

5.5 11.1 7.6

6.6 16.6 11.5

6.6 17.4 9.7

5.6 9.4 8.7

254,084 52,078 3,098 63,504 2,304 -7,451 10,217

273,409 93,034 4,368 98,571 4,259 -1,576 17,046

566,409 185,853 7,525 211,589 6,076 -18,743 35,577

834,560 235,729 23,062 262,416 6,900 -4,549 74,110

934,016 272,724 26,877 303,120 10,172 -4,447 76,329

1,007,148 297,360 27,136 332,174 11,316 -8,399 87,208

1,072,940 317,219 26,304 358,569 10,250 -15,889 95,300

860,849 250,052 22,153 276,808 7,709 -5,238 99,889

200.5 41.1 21.7 15.4 13.7 9.8 1.9

177.8 60.5 28.1 22.6 11.3 10.3 2.1

81.2 26.6 31.5 12.5 11.4 23.6 2.0

71.2 20.1 19.1 3.9 9.8 44.1 3.4

59.6 17.4 20.6 6.3 5.1 47.0 3.0

64.8 19.1 13.4 12.4 4.7 45.3 3.2

64.2 19.0 13.0 11.8 5.2 46.8 3.2

76.8 22.3 16.0 12.2 9.0 52.0 4.3

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

204


MEXICO (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

81,809 75,974 22,621 14,302 11,030 0 8,318 53,353 40,100 6,630 5,835 150

112,250 93,902 38,997 18,636 13,823 0 20,361 54,904 45,287 5,302 18,348 13,026

131,969 81,488 20,850 17,238 11,444 0 3,612 60,639 52,754 5,281 50,481 20,644

161,363 108,482 18,770 16,478 8,881 0 2,292 89,712 68,548 20,272 52,881 19,442

152,260 96,029 10,263 8,210 4,211 0 2,053 85,766 64,025 20,940 56,231 19,389

168,840 105,376 11,009 9,114 4,540 0 1,894 94,368 69,217 24,414 63,464 22,680

179,552 113,950 12,417 10,648 5,867 0 1,769 101,534 78,240 22,590 65,602 19,958

168,672 99,374 21,212 17,232 10,143 0 3,980 78,161 58,890 17,552 69,299 21,525

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

12,045 9,985 5,454 3,647 3,326 0 1,807 4,532 975 2,552 2,060 150

29,678 23,399 13,426 2,663 1,732 0 10,763 9,973 7,059 1,699 6,279 843

32,830 11,483 2,855 2,534 1,748 0 322 8,628 7,368 1,096 21,346 3,346

33,895 15,143 2,309 1,946 997 0 363 12,833 10,096 2,665 18,753 6,669

32,008 14,977 2,365 2,108 1,429 0 257 12,612 8,069 4,439 17,031 4,506

37,312 15,625 2,165 1,739 671 0 426 13,459 11,746 1,591 21,687 5,826

44,115 24,746 2,761 2,613 1,940 0 147 21,985 18,224 3,665 19,370 931

34,701 21,926 8,719 7,571 4,882 0 1,148 13,206 10,897 1,728 12,775 5,067

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,821 2,625 1,286 1,037 801 0 249 1,339 464 185 196 0

14,165 9,136 3,072 1,714 1,411 0 1,358 6,064 3,534 1,623 5,029 610

38,958 16,328 3,377 1,816 1,330 0 1,561 12,950 9,256 2,870 22,630 3,552

34,794 15,682 2,527 1,982 1,379 0 545 13,155 9,989 2,983 19,112 2,645

44,576 31,570 10,948 10,420 6,100 0 527 20,623 15,003 5,414 13,005 4,703

27,960 13,541 1,539 901 342 0 638 12,001 10,307 1,482 14,420 2,536

30,752 13,834 1,459 1,120 596 0 339 12,374 9,649 2,542 16,918 3,247

29,588 11,869 1,792 1,110 669 0 682 10,077 4,965 4,296 17,719 3,500

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5,797 5,215 1,378 1,005 751 0 373 3,838 1,112 2,195 582 0

7,645 6,239 2,659 1,291 961 0 1,368 3,579 2,906 346 1,407 1,054

12,014 7,763 1,553 1,275 890 0 278 6,210 4,739 877 4,251 1,620

9,694 6,758 847 769 437 0 78 5,912 5,474 404 2,936 957

10,985 6,412 912 832 461 0 80 5,500 5,047 414 4,573 1,621

11,208 6,435 513 433 232 0 80 5,922 5,532 355 4,773 1,694

9,799 5,752 458 394 200 0 64 5,294 4,957 309 4,047 1,310

9,768 4,937 551 459 247 0 92 4,386 3,774 562 4,831 1,583

10,601 17,637

26,833 25,635

-15,837 -15,557

-3,220 -3,410

-5,445 -8,910

30,192 22,963

10,890 13,542

-11,571 4,421

36,950 8,145 0

0 293 13

0 478 6,644

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,714 397

1,912 343

1,409 301

1,357 266

1,292 232

1,212 201

1,070 177

966 158

25,868 8,499

15,587 7,368

14,031 6,560

17,450 5,817

16,962 4,919

8,902 3,791

6,150 3,319

9,024 2,741

Notes: Short-term debt for 2009 is based on reports provided by the country. Adjustments in the stock of debt in 2009 are mainly due to repurchased of $23 billion PIDIREGAS bonds in 2007 and 2008 which were not accounted by the Government until 2009.

205


MOLDOVA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

695 459 450 9 230 6 5

1,690 1,047 850 197 154 489 22

2,051 1,238 698 540 95 718 56

2,437 1,454 736 718 141 842 15

3,173 1,935 777 1,158 160 1,079 21

3,461 2,006 791 1,214 166 1,289 22

3,457 1,985 783 1,203 154 1,318 38

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

42 450 9 169

33 839 208 20

78 698 540 24

72 736 718 40

92 777 1,158 96

97 791 1,214 30

173 783 1,203 70

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

230 166 64

176 164 12

237 237 0

415 351 64

621 588 33

511 475 36

271 271 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

41 41 0

82 57 25

184 163 22

258 234 24

239 217 22

414 389 25

317 302 15

Net flows Long-term external debt Short-term external debt

.. .. ..

189 124 0

560 107 465

157 75 104

322 117 165

613 371 231

305 86 208

-33 -31 13

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

29 19 10 0

68 46 8 14

66 42 3 21

76 38 3 35

99 50 2 47

87 56 1 29

70 52 1 16

.. ..

26 -1

128 3

191 1

233 2

539 2

708 11

86 2

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 8.4 0.0 0.0 22.8

.. 3.4 0.0 0.0 67.1

7.6 3.3 0.0 0.0 68.9

8.1 3.0 0.0 0.0 69.2

8.8 2.9 0.0 0.0 69.0

8.9 3.4 0.0 0.0 67.8

10.5 2.9 0.0 0.0 66.7

.. .. ..

6.8 10.4 3.3

0.4 39.7 10.2

1.5 28.9 7.4

0.8 39.4 10.1

3.0 23.8 6.1

0.8 39.6 10.1

1.2 26.6 8.4

.. .. ..

7.0 6.0 1.5

5.9 3.2 3.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

1,724 898 1 1,038 0 -85 257

1,310 780 179 1,089 3 -98 222

3,347 2,043 920 2,844 45 -226 597

3,809 2,132 1,182 3,335 108 -389 775

4,819 2,708 1,498 4,602 182 -674 1,334

6,653 3,388 1,897 5,998 153 -987 1,672

5,793 2,594 1,211 4,253 145 -439 1,480

.. .. .. .. .. .. ..

77.4 40.3 7.9 0.9 31.1 37.0 3.0

216.5 129.0 19.2 28.9 23.9 13.2 2.5

100.4 61.3 12.2 35.0 19.9 29.1 2.5

114.3 64.0 15.7 34.6 17.7 31.8 2.8

117.2 65.9 12.5 34.0 14.9 42.0 3.5

102.1 52.0 14.8 37.2 14.3 48.3 3.3

133.2 59.7 14.9 38.1 14.9 42.8 4.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

206


MOLDOVA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

459 450 430 216 152 0 214 19 0 4 9 0

1,047 850 743 403 191 103 340 107 75 12 197 0

1,238 698 664 409 161 209 255 34 25 7 540 0

1,454 736 711 430 151 242 280 25 19 6 718 0

1,935 777 759 473 141 292 286 18 13 5 1,158 0

2,006 791 781 495 129 311 286 11 6 4 1,214 0

1,985 783 779 514 110 332 265 4 0 4 1,203 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

166 159 139 81 50 0 58 19 0 4 7 0

164 54 52 50 6 30 1 2 0 0 110 0

237 26 26 25 0 24 1 0 0 0 211 0

351 31 31 29 0 23 3 0 0 0 320 0

588 47 47 47 0 39 1 0 0 0 541 0

475 43 43 43 0 24 0 0 0 0 432 0

271 41 41 41 0 21 0 0 0 0 230 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

41 39 39 35 0 0 4 0 0 0 2 0

57 30 27 21 5 0 5 3 0 0 28 0

163 42 35 35 13 0 0 7 6 1 120 0

234 53 45 23 14 0 22 8 6 1 181 0

217 41 34 21 15 1 13 7 6 1 176 0

389 42 35 22 17 2 13 6 6 0 347 0

302 54 47 25 18 3 23 7 6 1 248 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

19 19 19 11 8 0 8 0 0 0 0 0

46 39 28 18 11 1 10 11 7 0 7 0

42 22 20 10 6 2 10 2 2 0 20 0

38 17 15 11 7 2 3 3 2 0 21 0

50 18 16 12 8 2 4 2 2 0 33 0

56 16 15 11 7 2 5 1 1 0 39 0

52 20 19 8 4 2 12 1 0 0 32 0

.. ..

193 189

672 560

108 157

386 322

736 613

287 305

-4 -33

.. .. ..

0 0 0

246 0 0

0 0 0

88 0 0

32 0 0

31 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

64 17

57 15

57 13

61 15

53 13

46 11

33 10

34 9

226 52

177 53

128 35

117 37

90 26

65 27

91 29

62 15

Notes: Short-term debt data are World Bank staff estimates based on government statistics.

207


MONGOLIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

531 472 472 0 47 12 0

896 833 833 0 50 13 2

1,327 1,267 1,267 0 35 25 0

1,440 1,363 1,361 3 31 46 0

1,682 1,581 1,576 5 26 75 0

1,833 1,705 1,657 48 20 108 0

2,212 1,958 1,817 141 182 72 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

4 451 22 250

17 832 1 102

21 1,267 0 72

25 1,361 3 55

26 1,576 5 170

26 1,657 48 304

10 1,817 141 173

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

101 101 0

83 75 8

91 91 0

92 92 0

167 167 0

121 121 0

438 273 166

Principal repayments Long-term external debt IMF repurchases

.. .. ..

42 32 9

28 22 6

23 17 6

31 25 6

37 30 7

46 41 5

81 74 7

Net flows Long-term external debt Short-term external debt

.. .. ..

67 68 8

45 53 -9

-73 74 -142

82 67 21

160 137 29

108 80 33

322 199 -36

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

10 9 1 0

10 9 0 1

20 15 0 5

17 15 0 2

19 15 0 3

35 30 0 5

31 29 1 1

.. ..

10 0

54 ..

185 ..

344 ..

360 ..

683 ..

437 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 26.5 0.0 2.3 38.1

.. 25.0 0.0 0.7 35.8

7.6 21.4 0.0 0.6 44.5

8.4 19.6 0.0 0.6 45.2

9.1 17.6 0.0 0.6 46.7

8.5 21.3 0.0 0.6 43.7

8.1 20.5 0.0 0.5 43.8

.. .. ..

2.2 35.3 10.1

1.2 31.9 9.3

1.1 31.5 7.9

1.0 32.5 8.5

0.9 33.9 11.1

1.0 39.3 9.8

0.7 30.7 9.7

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

8.6 3.0 3.0

0.0 0.0 0.0

8.0 3.0 3.0

.. .. .. .. .. .. ..

1,201 511 .. 550 18 39 158

1,084 627 12 791 9 -70 202

2,254 1,494 180 1,635 41 84 333

3,090 2,048 181 2,042 145 222 720

3,832 2,586 194 2,627 126 .. 1,002

5,127 3,045 200 3,956 109 .. 657

3,968 2,324 194 2,852 121 .. 1,327

.. .. .. .. .. .. ..

103.8 44.2 10.2 2.2 32.0 29.7 3.4

143.1 82.7 6.2 1.4 51.5 22.5 3.1

88.8 58.9 2.9 1.9 59.3 25.1 2.4

70.3 46.6 2.4 3.2 59.3 50.0 4.2

65.0 43.9 2.1 4.5 56.2 59.6 4.6

60.2 35.7 2.7 5.9 52.6 35.8 2.0

95.2 55.8 4.8 3.3 48.3 60.0 5.6

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

208


MONGOLIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

472 472 404 170 0 59 234 68 0 15 0 0

833 833 831 462 0 137 369 3 0 1 0 0

1,267 1,267 1,266 787 0 277 479 0 0 0 0 0

1,363 1,361 1,348 854 0 301 494 13 0 0 3 0

1,581 1,576 1,487 944 0 331 543 89 75 0 5 0

1,705 1,657 1,571 964 0 338 606 86 75 0 48 0

1,958 1,817 1,733 1,069 0 392 664 84 75 0 141 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

101 101 95 58 0 8 37 6 0 0 0 0

75 75 75 47 0 14 28 0 0 0 0 0

91 91 91 48 0 14 43 0 0 0 0 0

92 89 71 49 0 13 22 18 0 0 2 0

167 165 87 52 0 20 35 79 75 0 2 0

121 75 75 43 0 13 32 0 0 0 47 0

273 212 212 113 0 55 99 0 0 0 61 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

32 32 13 0 0 0 13 19 0 5 0 0

22 22 19 0 0 0 19 3 0 0 0 0

17 17 17 6 0 2 11 0 0 0 0 0

25 25 20 8 0 2 12 5 0 0 0 0

30 30 28 11 0 3 17 3 0 0 0 0

41 40 37 15 0 4 22 3 0 0 1 0

74 61 59 17 0 4 42 2 0 0 13 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

9 9 5 1 0 0 4 4 0 1 0 0

9 9 9 4 0 1 5 0 0 0 0 0

15 15 15 7 0 2 8 0 0 0 0 0

15 15 15 8 0 2 7 0 0 0 0 0

15 15 15 8 0 2 7 0 0 0 0 0

30 24 18 9 0 3 9 7 6 0 6 0

29 26 19 9 0 2 10 7 6 0 4 0

.. ..

66 67

-18 45

-191 -73

114 82

241 160

151 108

379 322

.. .. ..

0 0 0

0 0 0

0 0 0

3 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

52 23

60 24

65 24

66 24

69 24

73 23

74 24

74 23

99 5

39 4

38 2

42 1

8 0

3 0

1 0

0 0

Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development.

209


MONTENEGRO (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

841 841 829 12 0 0 0

1,263 858 848 10 0 405 0

1,466 864 855 9 0 602 0

2,308 1,101 1,093 8 0 1,207 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

0 829 12 64

0 848 10 193

0 855 9 43

0 1,093 8 305

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

.. .. ..

.. .. ..

.. .. ..

88 88 0

78 78 0

64 64 0

269 269 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

.. .. ..

.. .. ..

.. .. ..

13 13 0

109 109 0

28 28 0

30 30 0

Net flows Long-term external debt Short-term external debt

.. .. ..

.. .. ..

.. .. ..

.. .. ..

75 75 0

-32 -32 0

233 36 197

844 239 605

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

28 28 0 0

50 35 0 15

40 28 0 12

40 28 0 12

.. ..

.. ..

.. ..

.. ..

.. ..

927 5

887 -5

1,339 -5

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

44.4 0.0 0.1 1.8 50.6

51.0 0.0 0.1 3.9 41.4

51.3 0.0 0.0 4.0 39.3

59.8 0.0 0.0 3.3 32.4

.. .. ..

.. .. ..

.. .. ..

.. .. ..

1.2 14.7 3.8

2.4 15.7 5.3

4.1 9.2 3.2

1.7 14.4 2.1

.. .. ..

.. .. ..

.. .. ..

.. .. ..

4.0 5.6 1.1

2.0 13.1 3.6

0.0 0.0 0.0

8.5 4.6 0.5

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

2,735 .. .. .. .. .. 457

3,692 1,761 .. 3,202 .. .. 689

4,531 1,998 .. 4,179 .. .. 436

4,090 1,616 .. 2,785 .. .. 573

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. 30.8 .. .. 64.6 54.4 ..

71.7 34.2 9.1 32.1 43.6 54.5 2.6

73.4 32.4 3.4 41.1 38.2 29.7 1.3

142.8 56.4 4.4 52.3 25.6 24.8 2.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

210


MONTENEGRO (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

841 829 810 543 345 47 266 19 0 19 12 0

858 848 832 550 283 56 281 17 0 17 10 0

864 855 840 560 269 71 281 15 0 15 9 0

1,101 1,093 893 591 261 75 302 201 0 201 8 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

88 86 82 40 0 14 43 3 0 3 2 0

78 77 77 49 0 7 28 0 0 0 1 0

64 60 60 37 0 15 23 0 0 0 4 0

269 239 58 39 3 4 20 181 0 181 30 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

13 12 12 8 8 0 4 0 0 0 0 0

109 105 105 98 96 0 6 1 0 1 4 0

28 25 24 14 10 0 10 1 0 1 3 0

30 26 25 18 12 0 8 1 0 1 4 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

28 28 27 21 16 0 6 1 0 1 0 0

35 34 34 28 22 0 6 1 0 1 1 0

28 27 27 22 15 0 5 0 0 0 0 0

28 28 26 19 10 1 7 2 0 2 0 0

.. ..

.. ..

.. ..

.. ..

453 75

422 -32

204 233

842 844

.. .. ..

.. .. ..

.. .. ..

.. .. ..

39 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

51 17

57 17

66 17

75 16

82 15

86 14

84 13

81 11

38 13

41 12

42 9

41 6

33 2

4 1

4 1

4 0

Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development. Montenegro became independent in 2006 and, data are reported starting from 2007.

211


MOROCCO (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

25,004 23,847 23,647 200 750 407 182

23,771 23,521 23,190 331 52 198 92

20,674 19,101 17,239 1,862 0 1,573 122

16,174 15,492 12,441 3,051 0 682 0

17,815 16,083 13,496 2,588 0 1,732 0

20,543 18,624 15,650 2,975 0 1,919 0

20,825 19,194 16,538 2,656 0 1,631 0

23,752 21,573 19,219 2,354 0 2,179 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

738 23,583 264 2,406

138 22,944 577 2,583

535 17,077 2,023 535

3 12,381 3,111 2,277

4 13,425 2,659 2,842

2 15,565 3,059 3,888

1 16,446 2,748 1,401

0 19,134 2,438 3,288

External debt flows Disbursements Long-term external debt IMF purchases

1,853 1,788 65

2,309 2,309 0

1,638 1,638 0

2,456 2,456 0

2,426 2,426 0

3,976 3,976 0

4,554 4,554 0

4,552 4,552 0

Principal repayments Long-term external debt IMF repurchases

908 680 228

2,368 2,268 100

1,631 1,631 0

2,138 2,138 0

2,784 2,784 0

3,325 3,325 0

3,451 3,451 0

2,709 2,709 0

Net flows Long-term external debt Short-term external debt

1,032 1,108 86

-81 41 -22

-448 7 -455

832 318 514

692 -358 1,050

838 651 187

814 1,102 -288

2,391 1,843 548

Interest payments Long-term external debt IMF charges Short-term external debt

887 795 72 20

1,391 1,360 7 24

1,075 948 0 127

590 569 0 22

616 540 0 76

694 590 0 104

752 709 0 43

702 678 0 24

165 0

92 20

221 18

1,620 64

2,366 -298

2,807 -64

2,466 148

1,333 24

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 2.2 0.1 0.2 40.1

.. 3.8 0.2 0.1 27.2

.. 3.3 0.1 0.1 37.6

43.4 5.1 0.0 0.1 23.8

47.2 5.0 0.0 0.1 19.6

54.6 4.7 0.0 0.0 12.6

53.0 6.1 0.0 0.0 11.9

54.4 5.9 0.0 0.0 10.4

5.4 24.1 8.3

4.4 19.8 5.4

3.4 25.1 6.4

3.1 19.5 5.5

3.7 23.0 6.5

3.9 19.6 5.7

4.7 19.8 5.0

2.7 20.2 5.0

9.7 11.6 2.1

7.1 9.7 1.5

5.6 7.7 1.0

3.6 11.7 1.2

4.0 14.7 3.0

5.2 10.3 8.4

5.3 10.3 0.8

4.1 12.2 0.4

24,835 6,321 2,006 8,853 69 -196 2,338

31,668 9,296 1,970 12,812 100 -1,186 3,874

36,053 10,729 2,161 13,686 268 -475 5,017

58,760 19,477 4,590 23,811 594 1,041 16,551

64,703 22,465 5,451 27,383 674 1,411 20,791

74,246 28,272 6,730 36,098 730 -122 24,714

87,316 34,806 6,895 48,102 835 -4,528 22,720

89,868 27,334 6,271 39,208 1,182 -4,570 23,568

395.5 100.7 28.4 1.6 18.7 9.3 3.2

255.7 75.1 40.4 0.8 29.1 16.3 3.6

192.7 57.3 25.2 7.6 29.5 24.3 4.4

83.0 27.5 14.0 4.2 36.3 102.3 8.3

79.3 27.5 15.1 9.7 37.2 116.7 9.1

72.7 27.7 14.2 9.3 38.4 120.3 8.2

59.8 23.8 12.1 7.8 41.2 109.1 5.7

86.9 26.4 12.5 9.2 42.2 99.2 7.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

212


MOROCCO (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

23,847 23,647 16,968 4,687 3,099 39 12,280 6,679 0 3,963 200 0

23,521 23,190 16,875 6,913 3,966 33 9,962 6,315 0 4,234 331 0

19,101 17,239 12,754 6,091 2,837 27 6,663 4,485 152 3,300 1,862 0

15,492 12,441 10,118 5,874 2,258 20 4,244 2,323 472 1,466 3,051 0

16,083 13,496 11,196 6,635 2,267 18 4,562 2,300 527 1,470 2,588 0

18,624 15,650 13,084 7,894 2,578 17 5,190 2,566 589 1,745 2,975 0

19,194 16,538 14,543 8,576 2,540 16 5,967 1,994 0 1,749 2,656 0

21,573 19,219 16,714 10,021 2,543 14 6,694 2,504 0 2,259 2,354 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,788 1,780 1,220 781 426 0 439 560 0 190 8 0

2,309 2,206 1,521 1,008 426 0 513 686 0 224 103 0

1,638 980 631 466 138 0 166 349 0 143 658 0

2,456 1,658 1,562 1,134 262 0 427 97 0 74 798 0

2,426 1,850 1,531 1,030 176 0 501 320 0 313 575 0

3,976 2,714 1,810 1,125 418 0 685 904 0 903 1,262 0

4,554 3,093 2,800 1,533 242 0 1,267 292 0 222 1,461 0

4,552 3,469 2,869 1,828 241 0 1,040 600 0 567 1,083 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

680 672 430 276 202 1 154 242 0 40 8 0

2,268 2,238 1,638 625 348 1 1,012 600 0 112 30 0

1,631 1,592 926 550 307 1 376 666 30 350 39 0

2,138 1,881 1,303 689 309 1 613 578 41 372 258 0

2,784 1,558 1,063 591 330 1 472 495 0 372 1,226 0

3,325 1,861 990 525 294 1 464 872 0 777 1,464 0

3,451 1,795 1,043 592 262 1 450 753 589 119 1,656 0

2,709 1,138 965 532 238 1 434 172 0 131 1,572 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

795 790 580 306 226 0 274 210 0 45 5 0

1,360 1,358 923 466 282 0 457 436 0 259 2 0

948 877 548 363 190 0 185 329 14 228 71 0

569 501 388 230 87 0 157 113 25 65 68 0

540 472 360 235 88 0 126 112 25 70 67 0

590 555 443 300 104 0 143 112 27 72 34 0

709 655 535 364 125 0 171 120 29 80 54 0

678 612 523 340 93 0 183 89 0 80 66 0

2,773 1,032

798 -81

-2,262 -448

-709 832

1,641 692

2,728 838

281 814

2,927 2,391

4,118 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,370 502

1,551 514

1,676 500

1,553 474

1,556 444

1,548 410

1,521 373

1,501 335

663 161

572 155

576 142

626 128

609 112

592 97

190 82

902 55

213


MOZAMBIQUE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

4,650 4,231 4,211 19 74 345 207

7,458 6,978 5,209 1,769 202 279 250

7,255 6,457 4,740 1,717 219 578 413

4,211 3,431 3,431 0 157 623 535

2,707 2,109 2,109 0 10 588 506

2,966 2,424 2,424 0 15 526 397

3,450 2,845 2,845 0 15 591 460

4,168 3,354 3,354 0 171 643 477

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

725 4,211 19 177

1,086 5,209 1,769 150

762 4,740 1,717 238

512 3,431 0 170

519 2,109 0 331

466 2,424 0 410

478 2,845 0 649

489 3,354 0 474

External debt flows Disbursements Long-term external debt IMF purchases

242 230 12

267 267 0

190 131 60

334 329 5

351 346 5

343 338 5

414 414 0

668 515 153

Principal repayments Long-term external debt IMF repurchases

41 41 0

85 71 14

64 64 0

55 39 15

16 16 0

10 10 0

14 14 0

15 15 0

Net flows Long-term external debt Short-term external debt

173 189 -28

193 196 11

62 67 -64

315 290 36

329 330 -6

380 328 47

402 400 2

689 501 35

Interest payments Long-term external debt IMF charges Short-term external debt

38 23 0 15

77 75 1 1

32 20 1 11

24 22 0 2

22 19 0 2

19 14 0 4

23 19 0 4

29 23 0 5

9 0

45 0

139 0

108 0

154 0

427 0

592 0

881 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.8 2.4 0.0 52.8

.. 1.8 2.1 0.0 60.4

.. 1.8 2.1 0.0 69.0

3.4 1.2 0.0 0.0 69.2

5.9 2.0 0.0 0.0 63.5

6.4 2.0 0.0 0.0 59.1

6.6 2.1 0.0 0.0 58.1

6.6 1.0 0.0 0.0 56.3

1.3 34.8 9.2

0.9 36.8 9.3

0.8 46.7 12.9

0.7 38.1 10.1

0.7 42.2 9.6

0.8 37.5 9.7

1.1 36.4 13.1

1.3 33.5 8.2

9.0 4.9 2.9

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

4.9 11.2 1.7

5.7 11.5 2.0

0.0 0.0 0.0

0.0 12.8 2.8

2,320 300 70 1,164 0 -415 232

2,069 470 59 1,254 0 -445 195

4,017 769 37 1,763 0 -764 742

6,192 2,186 57 3,350 284 -761 1,103

6,462 2,927 80 4,201 471 -773 1,216

7,480 3,064 99 4,452 554 -785 1,524

9,222 3,375 116 5,407 544 -1,179 1,661

9,696 2,629 111 4,564 84 -1,171 ..

1,550.9 200.4 26.2 7.4 10.0 5.0 2.4

1,585.6 360.6 34.5 3.7 17.1 2.6 1.9

943.7 180.6 12.5 8.0 15.2 10.2 5.1

192.6 68.0 3.6 14.8 55.6 26.2 4.0

92.5 41.9 1.3 21.7 37.5 44.9 3.5

96.8 39.6 0.9 17.7 45.5 51.4 4.1

102.2 37.4 1.1 17.1 49.1 48.1 3.7

158.6 43.0 1.6 15.4 47.9 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

214


MOZAMBIQUE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

4,231 4,211 3,560 464 0 268 3,097 651 0 147 19 0

6,978 5,209 5,163 1,277 0 890 3,886 46 0 7 1,769 0

6,457 4,740 4,730 1,106 0 760 3,624 11 0 0 1,717 0

3,431 3,431 3,429 2,341 0 1,575 1,088 2 0 0 0 0

2,109 2,109 2,108 1,014 0 655 1,093 2 0 0 0 0

2,424 2,424 2,415 1,349 0 902 1,066 9 0 0 0 0

2,845 2,845 2,838 1,693 0 1,149 1,145 7 0 0 0 0

3,354 3,354 3,326 1,996 0 1,356 1,330 28 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

230 210 186 95 0 74 91 24 0 0 20 0

267 231 231 219 0 160 11 0 0 0 36 0

131 131 131 128 0 97 3 0 0 0 0 0

329 329 329 327 0 227 3 0 0 0 0 0

346 346 346 341 0 223 5 0 0 0 0 0

338 338 332 319 0 212 13 6 0 0 0 0

414 414 413 358 0 255 55 2 0 0 0 0

515 515 492 295 0 199 197 23 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

41 29 23 9 0 0 13 7 0 3 12 0

71 67 58 13 0 0 45 9 0 0 3 0

64 34 33 18 0 2 15 1 0 1 30 0

39 18 18 12 0 5 7 0 0 0 21 0

16 16 16 11 0 3 5 0 0 0 0 0

10 10 10 5 0 0 4 0 0 0 0 0

14 14 11 7 0 0 4 3 0 0 0 0

15 15 12 8 0 2 4 3 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

23 22 17 7 0 1 10 6 0 1 0 0

75 74 71 12 0 6 59 3 0 0 1 0

20 20 20 9 0 4 11 0 0 0 0 0

22 22 22 18 0 12 4 0 0 0 0 0

19 19 19 15 0 9 4 0 0 0 0 0

14 14 14 10 0 6 4 0 0 0 0 0

19 19 19 15 0 8 4 0 0 0 0 0

23 23 23 19 0 9 4 0 0 0 0 0

287 173

187 193

34 62

-318 315

-1,504 329

259 380

485 402

718 689

386 1,174 0

66 323 0

0 113 0

0 29 0

0 1,892 0

14 139 0

0 3 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

158 39

157 37

169 34

51 32

73 31

71 31

77 30

91 29

6 2

7 2

8 2

8 2

8 1

8 1

8 1

6 0

Notes: Mozambique was granted debt relief effective in 2006 under MDRI.

215


MYANMAR (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

4,695 4,466 4,466 0 0 229 200

5,771 5,378 5,378 0 0 393 352

5,975 5,287 5,287 0 0 688 490

7,012 5,515 5,515 0 0 1,496 757

7,262 5,609 5,609 0 0 1,653 803

8,237 6,221 6,221 0 0 2,016 953

8,002 6,121 6,121 0 0 1,881 950

8,186 6,320 6,320 0 0 1,866 1,009

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

376 4,390 76 42

1,359 5,271 107 118

1,784 5,193 94 0

2,905 5,414 101 0

3,118 5,508 101 0

3,743 6,102 118 0

3,840 6,000 121 0

4,147 6,193 127 0

External debt flows Disbursements Long-term external debt IMF purchases

122 122 0

86 86 0

14 14 0

1 1 0

0 0 0

1 1 0

1 1 0

0 0 0

Principal repayments Long-term external debt IMF repurchases

46 44 2

180 180 0

22 22 0

25 25 0

9 9 0

11 11 0

10 10 0

9 9 0

Net flows Long-term external debt Short-term external debt

91 78 14

-74 -95 20

33 -7 41

-36 -24 -12

102 -9 111

203 -10 213

-142 -10 -132

-83 -9 -74

Interest payments Long-term external debt IMF charges Short-term external debt

15 13 0 2

70 68 0 2

14 2 0 12

46 1 0 44

55 1 0 54

42 2 0 40

23 2 0 21

20 2 0 18

163 0

280 ..

258 ..

237 ..

279 ..

258 ..

283 ..

323 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 46.8 1.7 0.0 24.3

.. 52.3 1.3 0.0 22.6

.. 44.9 1.2 0.0 35.4

11.0 45.4 1.4 0.0 33.5

11.9 44.5 1.5 0.0 33.3

12.6 47.2 1.4 0.0 30.3

10.6 48.9 1.0 0.0 30.6

10.3 49.8 1.1 0.0 29.9

1.5 16.7 5.2

2.8 33.0 24.4

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3.5 11.6 2.1

0.8 6.4 1.8

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. 322 6 797 147 -436 410

.. 1,323 81 2,146 0 -261 651

.. 2,175 104 2,662 137 -212 286

.. 4,102 131 3,689 1,402 588 889

.. 4,932 116 4,252 1,317 802 1,383

.. .. 125 .. .. .. ..

.. .. 150 .. .. .. ..

.. .. 148 .. .. .. ..

1,459.9 .. 18.8 4.9 26.3 8.7 6.2

436.3 .. 18.9 6.8 23.1 11.3 3.6

274.7 .. 1.7 11.5 19.2 4.8 1.3

170.9 .. 1.7 21.3 17.5 12.7 2.9

147.2 .. 1.3 22.8 17.3 19.0 3.9

.. .. .. 24.5 15.7 .. ..

.. .. .. 23.5 16.4 .. ..

.. .. .. 22.8 16.4 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

216


MYANMAR (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

4,466 4,466 4,216 1,234 0 716 2,982 250 0 0 0 0

5,378 5,378 5,011 1,331 0 777 3,680 367 0 0 0 0

5,287 5,287 4,262 1,148 0 684 3,114 1,026 0 546 0 0

5,515 5,515 4,568 1,228 0 752 3,340 947 0 546 0 0

5,609 5,609 4,646 1,253 0 776 3,393 963 0 546 0 0

6,221 6,221 5,218 1,290 0 793 3,928 1,002 0 546 0 0

6,121 6,121 5,155 1,311 0 770 3,845 966 0 546 0 0

6,320 6,320 5,345 1,341 0 777 4,004 976 0 546 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

122 122 119 68 0 57 51 3 0 0 0 0

86 86 17 0 0 0 16 69 0 0 0 0

14 14 12 1 0 0 11 3 0 0 0 0

1 1 1 0 0 0 1 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

1 1 1 0 0 0 1 0 0 0 0 0

1 1 1 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

44 44 33 15 0 3 18 11 0 0 0 0

180 180 147 25 0 9 122 34 0 0 0 0

22 22 2 2 0 0 0 20 0 0 0 0

25 25 8 2 0 0 6 17 0 0 0 0

9 9 8 2 0 0 6 1 0 0 0 0

11 11 11 2 0 0 9 1 0 0 0 0

10 10 10 1 0 0 9 0 0 0 0 0

9 9 9 1 0 0 8 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

13 13 10 10 0 5 0 2 0 0 0 0

68 68 66 13 0 6 53 2 0 0 0 0

2 2 0 0 0 0 0 2 0 0 0 0

1 1 1 0 0 0 1 0 0 0 0 0

1 1 1 0 0 0 1 0 0 0 0 0

2 2 2 0 0 0 2 0 0 0 0 0

2 2 2 0 0 0 2 0 0 0 0 0

2 2 2 0 0 0 2 0 0 0 0 0

504 91

-785 -74

-29 33

-471 -36

250 102

975 203

-236 -142

184 -83

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

185 21

162 18

152 15

137 13

120 11

108 10

74 9

98 8

546 10

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Fiscal year-end for external debt data is March. Data on long-term public and publicly guaranteed debt are World Bank staff estimates based on the original terms of the loans.

217


NEPAL (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

1,627 1,559 1,559 0 44 24 4

2,410 2,339 2,339 0 48 23 2

2,867 2,826 2,826 0 12 29 0

3,180 3,112 3,112 0 20 47 0

3,392 3,268 3,268 0 43 81 0

3,602 3,468 3,468 0 79 55 0

3,685 3,551 3,551 0 77 57 0

3,683 3,563 3,563 0 76 44 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

6 1,553 5 238

8 2,338 0 89

0 2,826 0 86

0 3,112 0 195

0 3,268 0 166

0 3,468 0 131

0 3,551 0 84

0 3,563 0 183

External debt flows Disbursements Long-term external debt IMF purchases

168 168 0

164 164 0

154 154 0

192 192 0

184 163 21

175 141 33

103 103 0

127 127 0

Principal repayments Long-term external debt IMF repurchases

40 28 12

53 45 8

71 67 4

85 85 0

105 105 0

113 113 0

127 127 0

143 140 2

Net flows Long-term external debt Short-term external debt

130 140 2

71 119 -40

69 87 -14

118 107 11

113 58 34

36 29 -26

-21 -23 2

-29 -14 -13

Interest payments Long-term external debt IMF charges Short-term external debt

28 24 2 2

32 29 0 2

31 28 0 3

32 30 0 2

34 30 0 4

35 30 0 4

35 34 0 1

34 32 0 1

6 0

.. 0

0 0

2 ..

-7 ..

6 ..

1 ..

38 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 8.5 0.2 0.0 50.0

.. 11.3 0.1 0.0 44.0

.. 9.2 0.1 0.0 38.6

2.1 8.9 0.1 0.0 43.6

2.1 7.7 0.1 0.0 44.2

2.1 7.1 0.1 0.0 43.5

1.7 8.0 0.0 0.0 42.5

1.6 7.1 0.0 0.0 42.3

0.9 38.5 10.3

3.5 29.8 7.9

1.4 31.4 8.1

1.1 34.6 8.7

1.3 24.6 8.1

1.9 25.2 6.3

0.6 30.7 9.8

0.8 37.1 9.8

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3.0 27.0 8.0

0.0 0.0 0.0

0.0 0.0 0.0

3,640 447 .. 845 0 -289 354

4,407 1,072 57 1,659 0 -356 646

5,514 1,354 111 1,825 0 -131 987

8,153 1,423 1,212 2,803 57 153 1,565

9,144 1,393 1,453 3,030 56 150 ..

10,388 1,661 1,734 3,743 54 6 ..

12,737 1,946 2,727 4,456 44 733 ..

12,829 1,703 2,986 5,139 9 -10 ..

363.7 44.7 15.2 1.5 78.0 21.8 5.0

224.7 54.7 7.9 0.9 81.0 26.8 4.7

211.7 52.0 7.5 1.0 85.7 34.4 6.5

223.4 39.0 8.2 1.5 86.1 49.2 6.7

243.6 37.1 9.9 2.4 86.0 .. ..

216.9 34.7 8.9 1.5 86.8 .. ..

189.4 28.9 8.3 1.5 86.5 .. ..

216.3 28.7 10.4 1.2 87.2 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

218


NEPAL (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,559 1,559 1,461 1,268 0 667 193 97 0 0 0 0

2,339 2,339 2,281 1,952 0 1,023 329 58 0 0 0 0

2,826 2,826 2,821 2,457 0 1,132 364 5 0 0 0 0

3,112 3,112 3,108 2,737 0 1,396 370 5 0 0 0 0

3,268 3,268 3,264 2,918 0 1,468 346 5 0 0 0 0

3,468 3,468 3,464 3,126 0 1,524 338 5 0 0 0 0

3,551 3,551 3,547 3,187 0 1,507 360 4 0 0 0 0

3,563 3,563 3,559 3,211 0 1,483 349 4 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

168 168 166 146 0 68 20 2 0 0 0 0

164 164 164 151 0 82 13 0 0 0 0 0

154 154 154 142 0 49 11 0 0 0 0 0

192 192 192 86 0 33 106 0 0 0 0 0

163 163 163 157 0 43 6 0 0 0 0 0

141 141 141 135 0 35 6 0 0 0 0 0

103 103 103 102 0 31 2 0 0 0 0 0

127 127 127 104 0 7 23 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

28 28 13 10 0 2 3 14 0 0 0 0

45 45 40 24 0 7 16 5 0 0 0 0

67 67 59 37 0 16 22 8 0 0 0 0

85 85 85 61 0 30 24 1 0 0 0 0

105 105 104 68 0 31 36 0 0 0 0 0

113 113 112 81 0 34 32 1 0 0 0 0

127 127 126 93 0 39 33 1 0 0 0 0

140 140 140 106 0 41 34 1 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

24 24 14 10 0 5 4 11 0 0 0 0

29 29 24 17 0 7 8 5 0 0 0 0

28 28 27 22 0 8 5 1 0 0 0 0

30 30 30 26 0 12 4 0 0 0 0 0

30 30 30 25 0 11 5 0 0 0 0 0

30 30 30 26 0 11 4 0 0 0 0 0

34 34 34 29 0 12 4 0 0 0 0 0

32 32 32 28 0 11 4 0 0 0 0 0

271 130

89 71

-152 69

-177 118

213 113

210 36

83 -21

-2 -29

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

148 45

157 45

161 45

168 44

176 43

182 41

182 40

186 39

1 0

1 0

1 0

1 0

1 0

1 0

0 0

0 0

219


NICARAGUA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

10,751 8,319 8,319 0 0 2,432 1,693

10,396 8,572 8,572 0 39 1,785 1,475

6,742 5,661 5,380 281 169 912 791

4,931 4,190 3,899 292 201 540 364

4,109 3,428 3,196 232 63 617 438

3,696 2,809 2,147 662 85 803 467

4,228 3,398 2,230 1,168 111 719 472

4,420 3,554 2,461 1,093 150 716 484

2,464 8,319 0 447

3,230 8,572 0 361

900 5,435 226 185

550 3,899 292 144

558 3,196 232 566

482 2,145 664 64

465 2,230 1,168 241

458 2,461 1,093 252

External debt flows Disbursements Long-term external debt IMF purchases

577 577 0

277 277 0

537 511 27

287 287 0

306 245 61

932 914 18

971 942 29

548 511 37

Principal repayments Long-term external debt IMF repurchases

4 4 0

203 190 13

189 183 5

118 110 9

107 107 0

329 329 0

308 308 0

376 376 0

Net flows Long-term external debt Short-term external debt

593 572 21

88 87 13

351 327 3

211 177 43

202 138 3

760 585 157

574 634 -89

156 135 -15

Interest payments Long-term external debt IMF charges Short-term external debt

11 5 0 6

85 76 1 8

98 91 1 7

53 45 0 8

58 50 0 8

77 64 0 13

107 97 0 9

116 107 1 8

1 0

89 0

267 0

241 0

287 0

382 0

626 0

434 0

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 79.9

.. 1.3 0.0 0.0 72.8

.. 2.3 0.0 0.0 71.0

0.5 0.0 0.0 0.1 80.9

1.3 0.0 0.0 0.1 76.3

3.8 0.0 0.0 0.0 84.9

4.1 0.0 0.0 0.0 84.7

4.7 0.0 0.0 0.0 85.2

4.4 12.4 1.8

2.3 32.2 8.4

1.6 36.9 9.6

1.2 33.5 8.9

3.0 27.4 7.8

1.9 25.0 5.9

2.7 32.2 10.3

4.1 33.6 6.4

9.4 4.9 0.4

7.4 9.0 1.0

0.7 39.9 10.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

988 404 .. 911 0 -305 166

2,821 669 75 1,529 29 -722 142

3,735 1,133 320 2,385 69 -842 492

4,723 1,985 616 3,577 82 -734 728

5,139 2,419 698 4,133 85 -710 922

5,484 2,757 740 4,832 93 -1,001 1,103

6,205 2,960 818 5,541 113 -1,513 1,141

5,800 2,863 768 4,722 121 .. 1,573

2,661.1 1,088.4 3.9 22.6 8.7 1.5 2.2

1,554.6 368.6 43.1 17.2 14.1 1.4 1.1

595.3 180.5 25.3 13.5 31.6 7.3 2.5

248.4 104.4 8.6 11.0 56.7 14.8 2.4

169.8 79.9 6.8 15.0 50.5 22.4 2.7

134.1 67.4 14.7 21.7 30.3 29.8 2.7

142.9 68.1 14.0 17.0 28.8 27.0 2.5

154.4 76.2 17.2 16.2 32.7 35.6 4.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

220


NICARAGUA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

8,319 8,319 6,774 940 239 60 5,833 1,545 0 1,305 0 0

8,572 8,572 7,562 1,464 65 276 6,098 1,010 524 383 0 0

5,661 5,380 5,164 2,127 5 654 3,037 216 0 188 281 0

4,190 3,899 3,826 2,797 0 1,136 1,029 72 0 55 292 0

3,428 3,196 3,123 2,074 0 256 1,049 73 0 55 232 0

2,809 2,147 2,141 1,121 0 321 1,020 5 0 0 662 0

3,398 2,230 2,227 1,218 0 347 1,009 4 0 0 1,168 0

3,554 2,461 2,457 1,448 0 418 1,010 4 0 0 1,093 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

577 577 554 7 0 0 546 23 0 0 0 0

277 277 258 177 0 18 80 20 0 20 0 0

511 226 220 172 0 87 48 6 0 5 285 0

287 226 226 215 0 63 11 0 0 0 61 0

245 245 245 220 0 61 25 0 0 0 0 0

914 360 360 330 0 53 30 0 0 0 554 0

942 180 180 128 0 28 52 0 0 0 763 0

511 270 270 245 0 67 25 0 0 0 241 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4 4 1 1 1 0 1 3 0 0 0 0

190 190 89 47 15 1 42 101 0 96 0 0

183 70 61 36 5 2 26 8 0 5 114 0

110 63 63 21 0 0 41 0 0 0 47 0

107 48 48 27 0 0 21 0 0 0 59 0

329 214 197 169 0 0 28 17 0 17 115 0

308 51 51 21 0 0 30 0 0 0 257 0

376 61 61 25 0 0 36 0 0 0 315 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5 5 4 1 1 0 3 1 0 0 0 0

76 76 72 33 6 2 39 3 0 3 0 0

91 78 76 64 1 5 12 3 0 2 12 0

45 44 44 27 0 7 17 0 0 0 2 0

50 48 48 32 0 4 16 0 0 0 2 0

64 45 45 28 0 2 18 0 0 0 19 0

97 38 38 23 0 3 15 0 0 0 59 0

107 37 37 24 0 3 13 0 0 0 70 0

1,060 593

-1,606 88

-45 351

-85 211

-823 202

-412 760

532 574

192 156

30 0 0

263 2,273 89

149 35 0

1 167 0

2 1,230 0

0 1,298 17

0 56 0

22 16 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

87 39

83 40

87 41

89 41

87 40

94 39

100 37

106 35

295 48

208 36

186 24

110 18

88 13

66 9

55 5

44 3

Notes: Nicaragua was granted debt relief effective in 2006 under MDRI.

221


NIGER (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

1757.6 1519.1 1258.1 261.0 84.9 153.6 31.3

1604.0 1480.3 1346.9 133.4 52.1 71.6 52.9

1708.4 1562.6 1494.6 68.0 74.0 71.9 59.6

2017.4 1849.3 1816.7 32.6 127.6 40.5 37.5

829.0 755.2 729.2 26.1 26.5 47.3 38.3

925.3 846.9 827.3 19.5 40.1 38.3 38.3

928.3 858.7 845.6 13.0 50.7 19.0 19.0

991.0 915.9 909.3 6.5 56.7 18.4 18.4

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

79.7 1255.4 263.8 56.3

74.3 1346.9 133.4 8.3

96.7 1494.6 68.0 64.3

51.9 1816.7 32.6 131.5

45.5 729.2 26.1 188.2

49.2 827.3 19.5 51.9

66.3 845.6 13.0 101.3

57.7 909.3 6.5 68.6

External debt flows Disbursements Long-term external debt IMF purchases

147.8 138.7 9.2

28.3 28.3 0.0

87.3 76.1 11.2

152.3 134.9 17.4

125.9 117.3 8.6

91.8 79.9 11.9

109.5 97.6 11.9

111.2 106.2 5.1

Principal repayments Long-term external debt IMF repurchases

62.8 47.2 15.5

41.1 30.9 10.2

15.8 14.0 1.8

26.8 21.5 5.3

159.8 45.7 114.1

16.8 16.8 0.0

18.4 18.4 0.0

35.8 35.8 0.0

Net flows Long-term external debt Short-term external debt

123.3 91.5 38.3

-9.0 -2.6 3.8

51.5 62.1 -20.0

122.4 113.4 -3.0

-27.9 71.6 6.0

66.0 63.1 -9.0

91.1 79.2 0.0

75.4 70.3 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

36.0 23.3 3.5 9.1

14.7 12.5 1.1 1.0

10.2 8.2 0.3 1.7

13.5 12.8 0.4 0.2

10.6 10.1 0.1 0.4

9.6 9.2 0.2 0.3

7.1 6.9 0.2 0.0

8.8 8.5 0.3 0.0

40.8 ..

7.2 ..

8.4 0.5

44.0 0.6

50.5 0.0

129.0 -0.5

565.9 1.5

738.9 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.3 0.7 0.0 27.0

.. 4.4 1.0 0.3 36.8

.. 1.7 1.2 0.0 46.7

11.1 0.0 0.0 0.0 57.6

1.2 0.0 0.0 0.0 47.4

0.5 0.0 0.0 0.0 47.2

0.5 0.0 0.0 0.0 47.0

0.8 0.0 0.0 0.0 45.6

1.9 31.9 9.2

0.6 33.5 8.4

0.7 36.5 9.4

0.9 34.9 8.8

0.8 36.7 9.5

1.6 28.3 7.7

1.3 36.9 9.2

0.8 34.8 8.8

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

2423.4 553.2 13.9 802.9 22.6 -235.9 226.5

1830.1 327.1 7.7 510.3 3.8 -151.7 94.7

1781.9 333.7 14.4 485.1 1.9 -104.1 80.4

3396.6 602.2 66.4 1095.4 20.9 -311.5 249.5

3647.0 640.5 78.1 1117.6 12.5 -313.7 370.9

4245.2 807.1 79.4 1343.6 28.2 -351.3 593.0

5337.5 1004.8 79.3 1936.4 23.2 .. 705.2

5281.0 1000.4 79.2 2360.1 .. .. 655.5

317.7 72.5 17.8 8.7 40.3 12.9 3.4

490.3 87.6 17.1 4.5 55.0 5.9 2.2

512.0 95.9 7.8 4.2 60.3 4.7 2.0

335.0 59.4 6.7 2.0 78.9 12.4 2.7

129.4 22.7 26.6 5.7 62.5 44.7 4.0

114.6 21.8 3.3 4.1 66.3 64.1 5.3

92.4 17.4 2.5 2.0 67.4 76.0 4.4

99.1 18.8 4.5 1.9 69.1 66.1 3.3

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

222


NIGER (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1519.1 1258.1 1146.8 708.8 0.0 460.6 438.0 111.3 0.0 109.1 261.0 0.0

1480.3 1346.9 1346.9 881.8 0.0 597.9 465.2 0.0 0.0 0.0 133.4 0.0

1562.6 1494.6 1494.6 1029.8 0.0 723.2 464.8 0.0 0.0 0.0 68.0 0.0

1849.3 1816.7 1816.7 1591.7 0.0 1080.1 224.9 0.0 0.0 0.0 32.6 0.0

755.2 729.2 729.2 518.1 0.0 188.9 211.0 0.0 0.0 0.0 26.1 0.0

846.9 827.3 827.3 613.4 0.0 234.9 213.9 0.0 0.0 0.0 19.5 0.0

858.7 845.6 845.6 625.4 0.0 248.1 220.2 0.0 0.0 0.0 13.0 0.0

915.9 909.3 909.3 684.4 0.0 265.7 224.9 0.0 0.0 0.0 6.5 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

138.7 95.7 90.3 69.5 0.0 54.8 20.9 5.3 0.0 5.3 43.0 0.0

28.3 28.3 28.3 27.9 0.0 23.8 0.4 0.0 0.0 0.0 0.0 0.0

76.1 76.1 76.1 76.1 0.0 68.0 0.0 0.0 0.0 0.0 0.0 0.0

134.9 134.9 134.9 133.0 0.0 65.5 1.9 0.0 0.0 0.0 0.0 0.0

117.3 117.3 117.3 111.7 0.0 54.9 5.5 0.0 0.0 0.0 0.0 0.0

79.9 79.9 79.9 79.9 0.0 36.7 0.0 0.0 0.0 0.0 0.0 0.0

97.6 97.6 97.6 79.4 0.0 15.1 18.2 0.0 0.0 0.0 0.0 0.0

106.2 106.2 106.2 97.9 0.0 15.9 8.3 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

47.2 10.2 8.6 6.7 0.0 1.3 1.9 1.6 0.0 0.0 37.0 0.0

30.9 7.1 7.1 6.9 0.0 2.9 0.2 0.0 0.0 0.0 23.8 0.0

14.0 12.0 12.0 10.4 0.0 8.2 1.6 0.0 0.0 0.0 2.0 0.0

21.5 15.0 15.0 13.4 0.0 0.9 1.6 0.0 0.0 0.0 6.5 0.0

45.7 39.2 39.2 25.7 0.0 0.7 13.5 0.0 0.0 0.0 6.5 0.0

16.8 10.3 10.3 9.8 0.0 0.0 0.5 0.0 0.0 0.0 6.5 0.0

18.4 11.9 11.9 10.9 0.0 0.1 1.0 0.0 0.0 0.0 6.5 0.0

35.8 29.3 29.3 27.4 0.0 0.1 2.0 0.0 0.0 0.0 6.5 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

23.3 7.2 7.1 5.7 0.0 2.7 1.4 0.1 0.0 0.0 16.1 0.0

12.5 7.0 7.0 6.6 0.0 4.9 0.4 0.0 0.0 0.0 5.5 0.0

8.2 8.1 8.1 6.6 0.0 5.6 1.4 0.0 0.0 0.0 0.2 0.0

12.8 11.2 11.2 11.0 0.0 6.0 0.3 0.0 0.0 0.0 1.5 0.0

10.1 8.2 8.2 7.7 0.0 3.8 0.5 0.0 0.0 0.0 1.9 0.0

9.2 7.5 7.5 6.5 0.0 1.8 1.0 0.0 0.0 0.0 1.7 0.0

6.9 6.1 6.1 4.9 0.0 1.3 1.2 0.0 0.0 0.0 0.8 0.0

8.5 8.2 8.2 7.2 0.0 1.9 1.0 0.0 0.0 0.0 0.3 0.0

229.7 123.3

61.8 -9.0

4.9 51.5

1.6 122.4

-1188.4 -27.9

96.3 66.0

3.1 91.1

62.7 75.4

28.7 0.4 0.0

4.9 3.5 0.0

28.0 0.0 0.0

0.0 27.6 0.0

0.3 1205.8 0.0

0.0 1.4 0.0

0.0 41.8 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

50.0 9.8

45.1 10.0

51.8 10.2

31.7 10.2

31.8 10.0

36.4 9.8

40.6 9.4

43.2 8.9

6.5 0.1

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates. Niger was granted debt relief effective in 2006 under MDRI.

223


NIGERIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

33,439 31,935 31,545 391 0 1,504 1,040

34,092 28,441 28,140 301 0 5,651 4,717

31,355 30,235 30,020 215 0 1,120 44

22,034 20,198 20,198 0 0 1,836 3

7,634 3,744 3,744 0 0 3,890 0

8,628 3,684 3,509 175 0 4,944 0

11,509 4,053 3,878 175 0 7,456 0

7,846 4,332 4,157 175 0 3,514 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1,091 31,545 391 2,192

8,102 28,077 365 0

117 29,964 271 86

3 20,169 29 706

0 3,720 24 507

0 3,491 194 777

0 3,864 189 968

0 4,150 182 985

External debt flows Disbursements Long-term external debt IMF purchases

927 927 0

433 433 0

153 153 0

353 353 0

743 743 0

689 689 0

385 385 0

519 519 0

Principal repayments Long-term external debt IMF repurchases

1,180 1,180 0

918 918 0

1,091 1,091 0

3,862 3,862 0

6,441 6,441 0

914 914 0

338 338 0

339 339 0

Net flows Long-term external debt Short-term external debt

-34 -253 219

-559 -486 -73

-696 -937 241

-3,027 -3,510 482

-3,640 -5,697 2,057

828 -226 1,054

2,559 47 2,512

-3,762 180 -3,942

Interest payments Long-term external debt IMF charges Short-term external debt

2,155 2,123 0 32

915 859 0 56

754 690 0 64

5,000 4,937 0 64

373 259 0 114

336 93 0 243

253 104 0 149

171 102 0 69

588 0

1,079 0

1,140 0

4,983 751

8,825 1,769

6,033 1,447

4,876 -954

5,787 522

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 8.2 11.8 0.7 38.8

.. 12.6 9.9 0.6 29.6

.. 2.3 1.5 0.0 85.1

36.2 9.9 17.2 1.9 27.2

4.1 0.0 0.3 0.0 59.2

3.2 0.0 0.2 0.0 58.1

2.9 0.0 0.2 0.0 61.9

2.2 0.0 0.1 0.0 61.3

5.8 22.4 6.1

0.0 0.0 0.0

1.0 32.9 9.7

0.7 37.6 10.3

1.6 28.2 7.1

0.8 40.7 10.1

0.8 40.2 9.9

0.8 39.5 10.0

7.9 13.1 3.7

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

6.0 10.4 3.0

0.0 0.0 0.0

0.0 0.0 0.0

25,585 14,761 10 9,858 135 4,988 4,129

25,888 12,443 804 15,820 1,330 -2,578 1,709

40,256 21,183 1,392 15,383 2,279 7,427 10,099

98,881 57,885 3,329 35,773 2,603 37,264 28,632

141,275 60,985 5,435 44,057 9,739 33,872 42,735

154,068 70,041 9,221 57,075 13,054 30,829 51,907

195,113 88,203 9,980 75,323 14,291 31,624 53,599

155,303 62,581 9,585 57,669 10,750 22,889 45,510

226.5 130.7 22.6 4.5 11.2 12.3 5.0

274.0 131.7 14.7 16.6 14.5 5.0 1.3

148.0 77.9 8.7 3.6 10.5 32.2 7.9

38.1 22.3 15.3 8.3 11.5 129.9 9.6

12.5 5.4 11.2 51.0 35.2 559.8 11.6

12.3 5.6 1.8 57.3 33.7 601.6 10.9

13.0 5.9 0.7 64.8 26.1 465.7 8.5

12.5 5.1 0.8 44.8 43.2 580.1 9.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

224


NIGERIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

31,935 31,545 17,007 3,732 3,284 36 13,275 14,537 0 5,714 391 0

28,441 28,140 20,492 4,944 3,221 268 15,548 7,648 2,051 0 301 0

30,235 30,020 26,574 3,302 1,625 644 23,272 3,446 2,051 0 215 0

20,198 20,198 18,015 2,536 722 1,136 15,479 2,183 1,442 11 0 0

3,744 3,744 2,962 2,687 534 1,541 275 782 0 0 0 0

3,684 3,509 3,260 2,904 381 1,929 356 249 0 0 175 175

4,053 3,878 3,549 3,000 211 2,243 549 328 0 101 175 175

4,332 4,157 3,883 3,391 113 2,739 492 273 0 83 175 175

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

927 927 642 542 384 7 100 285 0 0 0 0

433 433 433 433 189 86 0 0 0 0 0 0

153 153 153 153 31 55 0 0 0 0 0 0

353 353 345 286 0 265 59 8 0 0 0 0

743 743 502 377 0 362 125 241 0 0 0 0

689 514 468 386 0 335 82 45 0 0 175 175

385 385 385 383 0 353 2 0 0 0 0 0

519 519 519 519 0 497 0 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,180 1,165 774 246 241 1 528 391 0 388 15 0

918 908 470 470 392 1 0 438 0 0 10 0

1,091 1,056 914 404 273 4 510 142 0 0 35 0

3,862 3,862 3,684 367 224 19 3,317 179 0 3 0 0

6,441 6,441 4,801 339 211 19 4,461 1,640 1,442 1 0 0

914 914 319 306 176 20 12 596 0 0 0 0

338 338 317 293 189 20 24 21 0 0 0 0

339 339 284 211 96 21 72 55 0 18 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,123 2,120 1,300 262 243 0 1,038 820 0 378 3 0

859 840 323 323 266 2 0 516 128 0 19 0

690 673 516 190 103 5 326 157 128 0 18 0

4,937 4,937 4,717 97 39 12 4,620 220 170 3 0 0

259 259 91 86 33 14 5 168 143 0 0 0

93 86 80 74 25 15 7 6 0 0 7 7

104 87 83 62 17 17 21 4 0 0 17 17

102 84 71 47 8 17 24 14 0 6 17 17

3,317 -34

1,000 -559

2,227 -696

-15,733 -3,027

-14,400 -3,640

994 828

2,881 2,559

-3,663 -3,762

1,480 286 0

0 95 0

20,920 0 0

0 7,284 0

1 10,891 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

279 68

238 58

195 53

194 49

167 45

92 43

105 43

125 42

90 30

86 25

86 20

12 17

0 17

0 17

0 17

175 0

Notes: Long-term private nonguaranteed debt data only cover Bonds.

225


PAKISTAN (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

20,589 16,569 16,432 138 835 3,185 1

30,169 25,321 23,727 1,593 1,613 3,235 0

32,732 29,684 27,124 2,560 1,529 1,519 0

33,269 30,547 29,584 964 1,492 1,230 0

36,111 33,327 32,420 907 1,462 1,322 0

40,892 37,282 36,089 1,193 1,381 2,228 0

48,471 42,750 39,566 3,184 4,352 1,370 0

53,710 44,749 41,484 3,265 7,495 1,466 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

15 16,300 269 2,925

0 23,634 1,687 2,257

0 26,946 2,738 865

0 29,569 978 4,260

0 32,406 921 3,396

0 36,075 1,207 3,668

0 39,551 3,198 3,535

0 41,470 3,278 4,934

External debt flows Disbursements Long-term external debt IMF purchases

1,746 1,746 0

3,288 3,086 202

1,838 1,644 195

2,802 2,802 0

3,385 3,385 0

3,703 3,703 0

6,792 3,591 3,201

7,414 4,099 3,315

Principal repayments Long-term external debt IMF repurchases

1,071 905 166

2,013 1,837 176

1,870 1,587 282

1,698 1,461 237

1,439 1,332 107

1,525 1,373 152

1,899 1,719 180

2,430 2,199 231

Net flows Long-term external debt Short-term external debt

1,089 841 414

2,572 1,249 1,297

-343 56 -311

1,090 1,342 -15

2,039 2,054 92

3,084 2,330 906

4,034 1,872 -858

5,080 1,900 96

Interest payments Long-term external debt IMF charges Short-term external debt

831 515 52 264

1,203 955 45 202

985 857 49 78

727 658 13 56

853 789 11 54

1,094 973 9 111

1,052 1,001 7 43

1,002 884 67 51

245 0

723 10

308 35

2,201 451

4,273 1,152

5,590 1,276

5,438 -270

2,387 -37

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 13.6 1.5 0.3 35.9

.. 15.2 0.8 0.3 31.3

.. 16.9 0.7 0.3 41.6

11.6 17.7 0.4 0.2 41.9

11.6 16.3 0.3 0.2 44.2

11.3 15.6 0.3 0.2 44.0

9.7 18.1 0.2 0.2 43.8

9.5 17.2 0.2 0.2 45.7

5.2 22.9 6.1

5.0 18.7 5.5

6.2 12.8 3.1

1.8 26.9 8.2

4.1 21.2 6.1

3.0 28.8 7.8

2.2 23.3 6.2

1.7 24.4 7.1

8.8 11.3 4.8

7.0 4.4 0.9

8.0 5.3 1.0

5.2 5.0 5.0

7.4 17.5 17.5

6.7 9.0 8.8

0.0 0.0 0.0

0.0 0.0 0.0

41,735 6,931 2,006 11,386 53 -1,661 1,046

61,092 10,400 1,712 16,311 300 -3,349 2,528

73,025 10,237 1,075 14,484 429 -85 2,087

111,867 19,768 4,280 32,453 1,871 -3,606 11,109

130,007 21,419 5,121 39,110 2,580 -6,750 12,878

145,806 23,312 5,998 42,683 2,974 -8,286 15,798

168,547 26,762 7,039 53,561 3,203 -15,663 9,024

171,733 22,831 8,720 39,238 2,556 .. 13,606

297.1 49.3 27.4 15.5 33.5 5.1 1.1

290.1 49.4 30.9 10.7 40.4 8.4 1.9

319.7 44.8 27.9 4.6 41.2 6.4 1.7

168.3 29.7 12.3 3.7 47.8 33.4 4.1

168.6 27.8 10.7 3.7 48.8 35.7 4.0

175.4 28.0 11.2 5.4 48.7 38.6 4.4

181.1 28.8 11.0 2.8 45.5 18.6 2.0

235.2 31.3 15.0 2.7 43.8 25.3 4.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

226


PAKISTAN (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

16,569 16,432 15,717 6,894 1,816 2,106 8,823 714 0 401 138 0

25,321 23,727 22,631 12,179 3,082 3,321 10,452 1,097 150 371 1,593 45

29,684 27,124 25,074 13,491 3,093 3,828 11,583 2,051 623 1,099 2,560 45

30,547 29,584 28,323 15,893 2,238 6,865 12,430 1,261 1,100 30 964 600

33,327 32,420 30,361 17,614 2,143 7,871 12,747 2,059 1,900 7 907 850

37,282 36,089 33,277 19,924 2,086 9,075 13,353 2,812 2,650 4 1,193 850

42,750 39,566 36,630 22,057 1,946 9,053 14,573 2,936 2,650 125 3,184 850

44,749 41,484 39,097 23,506 1,769 10,075 15,591 2,387 2,150 75 3,265 850

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,746 1,708 1,629 978 356 135 651 78 0 8 38 0

3,086 2,331 2,199 1,167 271 255 1,032 132 0 87 755 0

1,644 1,527 1,522 1,043 159 141 479 4 0 0 117 0

2,802 2,202 1,578 1,523 217 628 54 625 600 0 600 600

3,385 3,135 2,314 2,122 155 854 192 821 800 0 250 250

3,703 3,173 2,414 2,192 175 1,001 221 760 750 0 530 0

3,591 2,679 2,552 2,159 54 187 393 127 0 125 912 0

4,099 3,418 3,417 2,408 89 1,177 1,009 1 0 0 681 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

905 866 725 307 73 19 418 141 0 88 39 0

1,837 1,497 1,267 559 219 35 708 230 0 138 340 0

1,587 1,143 1,105 829 227 64 276 37 0 30 445 0

1,461 1,134 991 771 312 115 220 143 108 15 327 0

1,332 1,089 1,065 824 284 165 241 23 0 23 243 0

1,373 1,101 1,095 726 284 134 368 7 0 3 272 0

1,719 1,263 1,260 1,040 297 149 219 3 0 3 456 0

2,199 1,593 1,043 921 253 188 122 550 500 50 606 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

515 505 450 247 126 15 204 54 0 38 11 0

955 825 759 445 217 24 313 66 9 32 130 2

857 641 527 383 182 29 144 114 61 38 217 2

658 582 531 229 92 52 303 50 47 2 76 3

789 710 598 256 107 56 342 112 110 3 79 52

973 842 668 307 114 64 361 174 171 0 132 67

1,001 854 665 316 88 77 349 189 184 5 147 60

884 779 618 277 53 75 341 161 156 5 105 50

2,323 1,089

2,845 2,572

-1,109 -343

-2,312 1,090

2,842 2,039

4,780 3,084

7,580 4,034

5,238 5,080

0 0 0

0 0 0

918 0 0

0 0 0

0 0 0

0 1 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,544 675

1,544 666

2,111 648

1,682 621

1,754 596

1,820 568

1,836 546

2,159 514

1,952 256

484 216

436 191

517 164

218 140

170 131

633 104

847 55

227


PANAMA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

6,492 3,841 3,841 0 272 2,378 978

6,098 3,781 3,781 0 111 2,207 1,608

6,567 6,476 5,696 780 90 1 1

9,253 9,229 7,487 1,742 24 0 0

10,392 10,377 8,683 1,694 15 0 0

10,241 10,236 9,175 1,061 5 0 0

10,721 10,721 9,610 1,111 0 0 0

12,418 12,418 11,282 1,136 0 0 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

1,981 3,841 0 4

1,996 3,781 0 116

1 5,696 780 478

0 7,487 1,742 1,265

0 8,683 1,694 2,699

0 9,175 1,061 350

0 9,610 1,111 827

0 11,282 1,136 1,732

External debt flows Disbursements Long-term external debt IMF purchases

6 6 0

112 99 13

724 724 0

1,595 1,595 0

3,029 3,029 0

679 679 0

704 704 0

1,890 1,890 0

Principal repayments Long-term external debt IMF repurchases

121 51 70

172 133 39

462 410 52

1,412 1,403 10

2,226 2,216 10

181 171 10

916 910 5

190 190 0

Net flows Long-term external debt Short-term external debt

-115 -44 0

-925 -34 -866

262 314 0

182 192 0

804 814 0

498 509 0

-211 -206 0

1,700 1,700 0

Interest payments Long-term external debt IMF charges Short-term external debt

223 90 16 117

144 101 7 36

424 418 7 0

655 653 1 0

835 834 1 0

730 730 1 0

765 765 0 0

791 791 0 0

136 -1

223 0

624 0

918 0

2,557 0

1,777 0

2,402 0

1,773 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 9.8 0.7 0.1 62.2

.. 10.4 0.4 0.1 70.8

.. 1.8 0.1 0.0 91.9

0.0 0.9 0.0 0.0 96.5

0.0 0.7 0.0 0.0 97.4

0.0 0.6 0.0 0.0 97.9

0.0 0.7 0.0 0.0 98.1

0.0 0.8 0.0 0.0 98.4

5.0 8.3 4.8

6.9 21.2 4.6

5.8 22.8 4.6

4.7 19.9 5.1

5.7 17.9 4.0

3.3 21.6 5.8

4.3 20.3 4.7

1.6 21.4 3.5

0.0 0.0 0.0

3.3 14.7 3.1

10.4 19.0 19.0

7.3 22.2 22.2

4.0 21.4 21.4

0.0 0.0 0.0

1.2 11.1 7.8

5.5 10.4 9.9

5,051 5,577 110 5,588 196 209 344

7,542 9,254 112 9,878 396 -471 781

11,007 9,408 16 10,258 562 -673 723

14,340 11,661 130 12,925 1,048 -1,022 1,211

15,859 13,879 157 14,579 1,197 -448 1,335

18,483 16,156 180 17,816 1,521 -1,407 1,935

21,605 18,041 196 20,956 1,747 -2,677 2,424

23,661 17,847 175 18,061 1,397 -4 3,028

116.4 128.5 6.2 36.6 15.5 5.3 0.7

65.9 80.9 3.4 36.2 10.0 12.8 0.9

69.8 59.7 9.4 0.0 15.5 11.0 0.8

79.3 64.5 17.7 .. 12.0 13.1 1.1

74.9 65.5 22.1 .. 11.2 12.8 1.1

63.4 55.4 5.6 .. 12.0 18.9 1.3

59.4 49.6 9.3 .. 12.5 22.6 1.4

69.6 52.5 5.5 .. 13.1 24.4 2.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

228


PANAMA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,841 3,841 1,489 1,006 462 0 483 2,352 260 1,983 0 0

3,781 3,781 1,262 612 175 0 650 2,519 3 2,475 0 0

6,476 5,696 1,285 1,020 283 0 265 4,411 4,141 267 780 266

9,229 7,487 1,304 1,110 212 0 194 6,183 6,105 78 1,742 635

10,377 8,683 1,348 1,166 185 0 182 7,335 7,273 62 1,694 581

10,236 9,175 1,407 1,225 216 0 182 7,768 7,723 45 1,061 1,061

10,721 9,610 1,529 1,337 271 0 192 8,081 7,896 186 1,111 1,061

12,418 11,282 1,833 1,626 435 0 207 9,449 9,219 230 1,136 1,061

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

6 6 6 0 0 0 6 0 0 0 0 0

99 99 95 93 3 0 2 5 0 5 0 0

724 486 97 88 22 0 10 388 370 17 238 0

1,595 1,325 94 91 9 0 3 1,231 1,230 1 270 150

3,029 2,461 183 182 15 0 1 2,278 2,276 1 569 300

679 199 199 188 74 0 11 0 0 0 480 480

704 654 254 241 99 0 13 400 235 165 50 0

1,890 1,865 461 426 203 0 35 1,404 1,323 81 25 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

51 51 45 43 41 0 2 6 2 1 0 0

133 133 116 84 43 0 32 17 0 4 0 0

410 385 108 57 24 0 52 277 120 156 25 0

1,403 1,151 139 126 39 0 12 1,013 995 17 251 0

2,216 1,584 145 133 41 0 12 1,439 1,422 18 632 369

171 171 154 139 43 0 14 17 0 17 0 0

910 910 160 143 45 0 17 750 742 9 0 0

190 190 154 134 39 0 20 36 0 36 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

90 90 87 85 27 0 2 3 0 0 0 0

101 101 59 39 15 0 20 42 0 37 0 0

418 365 79 68 21 0 10 286 264 22 53 24

653 566 59 54 12 0 5 507 503 4 87 44

834 746 62 58 11 0 5 684 680 4 88 46

730 667 70 66 13 0 5 596 593 3 63 63

765 702 71 66 13 0 5 630 625 5 64 63

791 703 72 67 16 0 5 632 621 11 88 83

274 -115

-800 -925

-262 262

266 182

1,139 804

-151 498

480 -211

1,697 1,700

0 0 0

5 0 0

0 477 120

0 0 0

0 0 203

0 0 0

0 7 21

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

177 63

179 59

184 55

191 50

202 45

191 40

180 35

168 30

324 671

343 670

1,263 609

34 550

488 550

2,655 516

36 401

36 400

Notes: Long-term private nonguaranteed debt data only cover Bonds. Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2007, 2008, and 2009 are $19,052 millions, and $16,713 millions, and $16,306 millions respectively.

229


PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,594 2,461 1,523 938 61 72 0

2,506 2,378 1,668 711 50 78 0

2,292 2,204 1,454 750 39 49 0

1,880 1,648 1,262 387 0 232 0

1,826 1,659 1,208 451 0 167 0

1,430 1,339 1,126 213 0 91 0

1,418 1,409 1,064 345 0 9 0

1,555 1,434 1,037 397 0 121 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 1,501 960 247

0 1,667 711 175

0 1,440 764 319

0 1,262 387 0

0 1,208 451 53

0 1,126 213 37

0 1,064 345 133

0 1,037 397 122

External debt flows Disbursements Long-term external debt IMF purchases

681 623 58

240 189 51

293 254 38

335 335 0

267 267 0

615 615 0

951 951 0

516 516 0

Principal repayments Long-term external debt IMF repurchases

391 388 3

509 493 16

215 196 19

244 183 61

270 270 0

947 947 0

933 933 0

514 514 0

Net flows Long-term external debt Short-term external debt

197 235 -93

-291 -304 -21

30 59 -48

214 152 123

-68 -3 -65

-408 -332 -76

-64 18 -82

115 3 112

Interest payments Long-term external debt IMF charges Short-term external debt

162 156 0 6

117 111 1 5

90 85 1 4

63 54 1 9

56 46 0 10

60 55 0 5

42 40 0 2

29 28 0 1

155 0

455 ..

96 ..

34 ..

-7 ..

96 ..

-30 ..

424 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 20.4 2.1 1.5 27.3

.. 21.3 0.6 0.0 19.4

.. 30.1 0.8 0.0 21.3

3.8 29.8 0.0 0.1 33.8

4.2 29.0 0.0 0.1 36.9

4.6 30.0 0.0 0.1 36.3

4.3 29.4 0.0 0.1 38.6

4.4 27.4 0.0 0.0 39.4

5.7 17.3 4.9

5.2 10.6 4.4

6.5 17.3 5.1

0.0 0.0 0.0

4.4 26.1 5.2

0.8 34.7 10.2

2.1 28.2 6.7

1.7 32.1 8.5

7.2 9.5 3.2

0.0 0.0 0.0

6.2 5.3 2.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3,096 1,487 5 1,719 158 -76 427

4,370 3,014 16 2,415 409 674 267

3,303 2,369 7 2,013 198 351 304

4,531 3,606 13 3,257 475 640 750

4,931 4,594 13 3,472 .. .. 1,441

6,261 5,231 13 4,371 .. .. 2,106

7,931 6,237 13 4,953 .. .. 2,008

7,833 4,633 13 4,720 .. .. 2,629

174.4 83.8 37.2 2.8 29.5 16.5 3.0

83.1 57.3 20.8 3.1 37.4 10.6 1.3

96.8 69.4 12.9 2.2 36.1 13.3 1.8

52.1 41.5 8.5 12.3 44.4 39.9 2.8

39.7 37.0 7.1 9.1 44.6 78.9 5.0

27.3 22.8 19.3 6.4 52.4 147.2 5.8

22.7 17.9 15.6 0.6 50.8 141.7 4.9

33.6 19.9 11.7 7.8 46.6 169.1 6.7

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

230


PAPUA NEW GUINEA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

2,461 1,523 1,074 764 235 115 310 449 37 307 938 0

2,378 1,668 1,441 938 299 108 503 227 0 157 711 0

2,204 1,454 1,394 826 244 92 567 60 0 54 750 0

1,648 1,262 1,210 835 249 78 375 51 0 8 387 0

1,659 1,208 1,163 815 246 76 348 45 0 4 451 0

1,339 1,126 1,085 750 183 73 335 42 0 4 213 0

1,409 1,064 1,020 721 158 71 299 44 0 4 345 0

1,434 1,037 1,000 724 149 82 276 36 0 3 397 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

623 280 234 180 64 0 54 45 0 20 343 0

189 135 122 55 34 0 67 13 0 13 54 0

254 219 206 67 43 0 139 13 0 13 35 0

335 45 44 41 20 0 3 1 0 0 290 0

267 51 48 48 19 0 0 4 0 0 216 0

615 40 39 39 12 0 0 0 0 0 575 0

951 26 26 26 4 2 0 0 0 0 925 0

516 33 33 33 2 14 0 0 0 0 483 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

388 184 48 35 14 1 13 136 0 129 204 0

493 204 82 47 27 2 35 122 32 63 289 0

196 115 96 53 29 3 44 19 0 10 80 0

183 114 93 48 23 4 45 21 0 15 69 0

270 120 111 83 24 4 28 9 0 4 150 0

947 172 166 137 78 4 30 6 0 0 775 0

933 164 157 60 30 4 97 6 0 0 769 0

514 62 55 35 11 4 20 7 0 0 451 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

156 86 40 27 14 1 13 46 3 36 70 0

111 82 63 44 22 1 19 19 2 9 29 0

85 54 50 31 15 1 18 5 0 3 31 0

54 38 36 22 10 1 14 2 0 1 16 0

46 38 37 26 13 1 11 1 0 0 8 0

55 39 38 28 15 1 10 1 0 0 16 0

40 32 31 20 9 1 11 1 0 0 8 0

28 21 20 13 4 1 7 1 0 0 7 0

278 197

-287 -291

-352 30

96 214

-54 -68

-396 -408

-13 -64

138 115

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

85 20

90 19

68 18

71 17

71 16

72 15

74 14

75 13

114 23

83 17

75 12

47 9

39 6

24 4

20 3

16 2

Notes: Long-term private nonguaranteed debt data from 2003 to 2008 has been revised based on reports provided by the country.

231


PARAGUAY (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,105 1,732 1,713 19 0 373 115

2,574 1,791 1,453 338 0 784 7

3,089 2,510 2,060 450 0 580 11

3,229 2,716 2,265 450 0 513 0

3,422 2,711 2,235 477 0 711 0

3,570 2,767 2,195 572 0 803 0

4,161 3,015 2,263 751 0 1,146 0

4,323 3,571 2,308 1,263 0 752 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

321 1,713 19 117

60 1,453 338 363

55 2,060 450 125

8 2,265 450 99

8 2,235 477 608

8 2,195 572 43

7 2,263 751 171

7 2,308 1,263 411

External debt flows Disbursements Long-term external debt IMF purchases

77 77 0

224 224 0

192 192 0

210 210 0

244 244 0

206 206 0

377 377 0

778 778 0

Principal repayments Long-term external debt IMF repurchases

235 235 0

159 159 0

205 205 0

332 332 0

269 269 0

258 258 0

296 296 0

309 309 0

Net flows Long-term external debt Short-term external debt

-83 -158 75

261 65 196

-185 -13 -173

-275 -122 -153

173 -25 198

39 -53 92

423 80 343

75 469 -394

Interest payments Long-term external debt IMF charges Short-term external debt

90 77 0 13

135 93 0 42

148 115 0 33

144 115 0 29

152 121 0 31

166 135 0 30

165 136 0 29

135 123 0 12

77 0

103 0

104 0

54 0

173 0

206 0

228 0

274 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 15.6 2.0 0.3 17.2

.. 22.7 0.3 0.1 28.8

.. 15.0 0.1 0.1 60.1

2.6 13.4 0.0 0.0 68.4

2.6 13.7 0.0 0.0 68.8

2.8 14.0 0.0 0.0 68.9

2.8 18.6 0.0 0.0 66.0

2.5 19.7 0.0 0.0 67.3

3.5 34.4 10.1

5.5 19.3 5.6

6.4 21.8 3.0

4.5 16.4 4.7

4.3 27.3 7.6

5.3 23.0 9.9

3.7 27.4 6.1

2.3 25.7 6.5

0.0 0.0 0.0

8.0 9.8 2.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

5,381 2,631 34 2,284 17 390 675

8,176 5,075 287 5,363 62 -92 1,106

7,094 3,185 278 3,524 84 -163 772

7,486 4,213 269 4,421 158 16 1,297

9,790 5,497 463 5,795 271 128 1,702

12,456 6,951 484 7,140 365 184 2,461

16,711 9,304 579 10,094 490 -385 2,863

14,670 7,317 555 8,013 509 -196 3,862

80.0 39.1 12.4 17.7 34.8 32.1 3.5

50.7 31.5 5.8 30.4 30.2 43.0 2.5

97.0 43.6 11.1 18.8 36.9 25.0 2.6

76.6 43.1 11.3 15.9 39.0 40.2 3.5

62.3 35.0 7.7 20.8 37.6 49.7 3.5

51.4 28.7 6.1 22.5 36.3 69.0 4.1

44.7 24.9 5.0 27.5 31.1 68.8 3.4

59.1 29.5 6.1 17.4 32.3 89.3 5.8

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

232


PARAGUAY (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,732 1,713 1,182 732 279 41 450 531 0 258 19 0

1,791 1,453 1,320 778 154 36 543 133 0 56 338 0

2,510 2,060 1,611 1,141 201 28 471 449 0 424 450 0

2,716 2,265 1,845 1,260 223 21 584 421 0 403 450 0

2,711 2,235 1,853 1,286 234 19 567 381 0 374 477 0

2,767 2,195 1,843 1,297 227 18 546 352 0 345 572 0

3,015 2,263 1,940 1,295 214 16 645 323 0 316 751 0

3,571 2,308 2,026 1,398 281 15 628 282 0 275 1,263 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

77 77 50 31 16 0 19 27 0 2 0 0

224 216 204 129 26 0 75 11 0 11 8 0

192 192 192 166 47 0 26 0 0 0 0 0

210 144 141 75 17 0 66 3 0 3 66 0

244 154 154 111 32 0 44 0 0 0 90 0

206 111 111 101 13 0 10 0 0 0 95 0

377 197 197 108 9 0 89 0 0 0 180 0

778 266 266 198 101 0 67 0 0 0 512 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

235 226 198 62 40 1 137 27 0 10 9 0

159 157 123 76 41 1 47 34 0 10 2 0

205 112 105 61 19 1 43 7 0 4 93 0

332 206 176 108 25 1 68 29 0 18 126 0

269 209 169 105 26 1 65 40 0 30 60 0

258 206 177 127 27 1 50 29 0 29 52 0

296 237 208 140 30 1 68 29 0 29 59 0

309 263 221 141 33 1 80 41 0 41 46 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

77 77 57 47 25 0 10 20 0 2 0 0

93 87 71 41 15 0 30 16 0 2 6 0

115 99 69 51 11 0 18 30 0 29 16 0

115 94 77 53 10 0 24 17 0 16 21 0

121 97 75 53 12 0 22 22 0 21 24 0

135 104 80 57 13 0 23 24 0 24 31 0

136 96 78 56 13 0 21 18 0 18 40 0

123 98 84 49 7 0 35 14 0 14 25 0

-277 -83

469 261

-294 -185

-379 -275

194 173

147 39

591 423

163 75

0 0 111

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

248 65

222 58

207 52

178 46

163 42

180 39

181 35

174 30

371 70

268 52

242 38

153 27

128 20

103 14

90 10

78 6

233


PERU (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

20,044 13,959 13,629 330 755 5,330 3,713

30,833 20,219 18,931 1,288 955 9,659 4,584

28,623 24,137 19,199 4,938 558 3,928 14

28,938 25,670 22,500 3,170 57 3,210 2

28,499 25,468 22,150 3,318 20 3,011 16

28,422 23,089 19,820 3,269 0 5,333 16

27,881 22,461 19,384 3,078 0 5,419 21

29,593 24,863 20,791 4,073 0 4,730 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

8,345 13,584 376 179

4,150 18,925 1,294 930

29 17,928 6,209 1,263

1 21,602 4,067 2,191

33 21,329 4,138 704

7 19,009 4,080 3,018

9 18,679 3,783 1,343

0 20,200 4,663 5,218

External debt flows Disbursements Long-term external debt IMF purchases

289 289 0

880 880 0

2,064 2,064 0

2,769 2,769 0

1,690 1,690 0

6,174 6,174 0

1,549 1,549 0

5,723 5,723 0

Principal repayments Long-term external debt IMF repurchases

229 166 63

521 521 0

1,138 997 141

4,032 3,993 40

2,060 2,021 39

6,502 6,481 20

3,209 3,209 0

2,431 2,431 0

Net flows Long-term external debt Short-term external debt

126 123 66

3,148 359 2,789

288 1,067 -638

-802 -1,224 461

-583 -330 -213

1,994 -307 2,322

-1,579 -1,660 81

2,624 3,292 -668

Interest payments Long-term external debt IMF charges Short-term external debt

247 91 74 82

721 485 52 184

1,432 1,172 33 227

1,722 1,601 3 118

1,703 1,555 2 146

2,151 1,975 0 176

1,727 1,538 0 189

1,352 1,186 0 166

41 0

2,557 171

810 123

2,579 769

3,467 -45

5,491 70

6,924 85

4,760 47

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 6.3 0.9 1.5 48.0

.. 14.6 1.2 1.2 41.9

.. 13.8 0.4 0.5 73.8

7.0 9.1 0.1 0.1 80.5

7.7 8.9 0.1 0.0 80.3

8.2 10.2 0.0 0.0 78.8

11.1 13.6 0.0 0.0 72.7

7.1 12.1 0.0 0.0 77.9

7.1 9.2 2.4

6.2 17.4 4.6

5.8 22.0 5.0

5.0 16.4 7.0

5.2 17.2 6.5

5.5 16.6 5.6

3.4 18.7 7.1

1.4 19.4 5.8

5.5 6.7 1.3

0.0 0.0 0.0

9.0 5.0 0.1

7.7 22.0 22.0

0.0 0.0 0.0

7.5 21.8 20.6

0.0 0.0 0.0

7.2 13.0 13.0

25,509 4,315 87 6,015 15 -1,419 1,891

51,140 7,197 599 12,653 834 -4,625 8,653

51,878 9,247 718 11,794 344 -1,546 8,676

74,141 20,282 1,440 20,906 4,030 1,148 14,171

84,519 27,540 1,837 26,853 6,741 2,872 17,442

98,864 32,620 2,131 33,884 7,788 1,363 27,786

120,640 37,016 2,444 44,661 8,346 -4,723 31,241

119,363 31,970 2,378 34,580 7,064 247 33,225

464.5 78.6 11.0 26.6 11.0 9.4 3.8

428.4 60.3 17.3 31.3 12.1 28.1 8.2

309.5 55.2 27.8 13.7 19.3 30.3 8.8

142.7 39.0 28.4 11.1 27.2 49.0 8.1

103.5 33.7 13.7 10.6 27.4 61.2 7.8

87.1 28.7 26.5 18.8 27.9 97.8 9.8

75.3 23.1 13.3 19.4 28.7 112.1 8.4

92.6 24.8 11.8 16.0 28.3 112.3 11.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

234


PERU (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

13,959 13,629 6,594 2,199 1,188 0 4,395 7,035 1 3,159 330 0

20,219 18,931 15,229 3,716 1,729 0 11,513 3,702 0 3,040 1,288 60

24,137 19,199 14,368 5,511 2,590 0 8,857 4,830 3,727 110 4,938 150

25,670 22,500 13,794 7,885 2,816 0 5,910 8,706 8,390 86 3,170 218

25,468 22,150 13,469 7,810 2,633 0 5,658 8,682 8,390 77 3,318 192

23,089 19,820 11,282 7,922 2,649 0 3,360 8,538 8,270 68 3,269 1,419

22,461 19,384 12,328 7,989 2,712 0 4,340 7,056 6,879 170 3,078 1,269

24,863 20,791 11,730 8,378 2,846 0 3,352 9,060 8,911 145 4,073 2,097

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

289 289 187 38 0 0 149 103 0 69 0 0

880 725 720 631 202 0 89 5 0 0 155 0

2,064 1,487 1,452 811 266 0 641 35 0 34 577 0

2,769 2,635 985 799 192 0 187 1,650 1,650 0 133 127

1,690 638 638 509 36 0 129 0 0 0 1,052 0

6,174 3,299 1,180 1,038 256 0 142 2,119 2,119 0 2,875 1,227

1,549 1,165 1,165 991 294 0 174 0 0 0 384 0

5,723 4,527 2,527 2,336 379 0 191 2,000 2,000 0 1,196 878

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

166 112 81 24 0 0 57 31 0 9 54 0

521 481 404 201 86 0 203 77 0 28 40 0

997 979 834 497 93 0 337 146 0 130 17 0

3,993 3,031 2,916 556 210 0 2,360 114 90 11 962 0

2,021 1,143 1,030 603 219 0 426 113 90 9 878 0

6,481 5,862 3,496 950 241 0 2,546 2,366 2,343 9 619 0

3,209 2,616 1,253 958 230 0 296 1,363 1,338 23 593 150

2,431 1,831 1,806 653 245 0 1,153 25 0 23 600 50

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

91 66 51 27 0 0 24 15 0 8 25 0

485 413 395 245 118 0 150 19 0 10 71 6

1,172 1,103 915 382 189 0 533 188 179 5 69 11

1,601 1,403 806 354 105 0 453 596 568 7 198 10

1,555 1,389 724 434 137 0 290 665 637 8 166 10

1,975 1,512 818 483 150 0 334 694 669 7 464 42

1,538 1,184 571 409 136 0 163 613 603 10 354 230

1,186 1,084 451 314 107 0 137 632 623 9 103 49

1,479 126

4,323 3,148

-517 288

-2,612 -802

-439 -583

-77 1,994

-541 -1,579

1,713 2,624

0 0 0

919 0 0

1 0 0

21 66 0

0 27 0

0 61 2,343

0 56 838

30 32 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,004 308

991 278

1,203 249

1,131 216

1,018 184

962 158

979 134

880 112

313 847

334 832

646 805

195 779

1,256 772

925 654

1,795 530

778 471

Notes: Data on long-term private nonguaranteed debt for 2009 are World Bank staff estimates. Data for 2007 include Bond prepayment and prepayment to Paris Club creditors. Short-term debt is based on reports provided by the country.

235


PHILIPPINES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

30,580 25,241 24,040 1,201 912 4,427 52

39,379 33,372 28,525 4,847 728 5,279 0

58,304 50,777 33,744 17,033 2,032 5,495 0

61,658 54,874 35,364 19,510 389 6,395 0

60,282 55,273 36,751 18,522 0 5,009 0

65,910 58,826 37,959 20,867 0 7,084 0

64,875 57,874 39,077 18,797 0 7,001 0

62,911 58,909 41,738 17,171 0 4,002 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

182 23,667 1,573 3,520

0 28,369 5,003 2,594

1 33,674 17,103 5,353

1 35,295 19,579 3,775

2 36,685 18,588 3,965

0 37,894 20,932 2,544

1 39,001 18,873 3,135

0 41,667 17,242 7,773

External debt flows Disbursements Long-term external debt IMF purchases

2,516 2,516 0

2,840 2,840 0

6,060 5,747 313

6,525 6,525 0

8,772 8,772 0

8,876 8,876 0

5,174 5,174 0

9,749 9,749 0

Principal repayments Long-term external debt IMF repurchases

1,818 1,473 345

3,099 2,737 363

4,055 4,047 8

6,403 6,085 317

9,800 9,399 400

6,340 6,340 0

8,219 8,219 0

6,380 6,380 0

Net flows Long-term external debt Short-term external debt

1,123 1,043 425

-696 104 -437

2,551 1,700 546

1,472 440 1,349

-2,414 -628 -1,386

4,611 2,536 2,075

-3,128 -3,045 -83

370 3,369 -2,999

Interest payments Long-term external debt IMF charges Short-term external debt

1,772 1,573 99 100

2,264 1,859 55 351

3,004 2,469 94 442

3,559 3,254 20 286

3,899 3,521 15 363

3,796 3,450 2 345

3,980 3,697 0 284

3,501 3,430 0 70

530 0

1,478 0

2,240 -202

1,854 1,465

2,921 2,525

2,916 3,178

1,544 -1,289

1,948 -1,096

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 31.0 1.0 0.5 36.2

.. 39.2 0.2 0.3 27.3

.. 38.2 0.1 0.1 42.2

5.5 34.7 0.1 0.2 49.5

5.8 32.6 0.1 0.2 52.9

5.9 33.3 0.0 0.2 52.7

5.2 38.5 0.0 0.1 49.6

5.2 33.7 0.0 0.1 55.9

5.1 24.4 7.3

4.3 26.7 7.8

3.3 28.1 7.3

3.1 19.8 5.4

5.3 17.2 5.1

4.4 21.1 6.5

2.6 22.4 6.4

1.1 19.9 6.3

9.2 15.1 7.6

7.1 11.0 10.2

8.3 11.4 10.8

7.6 10.8 10.2

8.0 19.2 19.2

6.4 24.6 24.5

4.6 16.7 12.3

7.1 13.8 13.4

44,073 13,028 1,465 16,437 311 -2,695 2,036

76,166 32,862 5,360 35,722 515 -1,980 7,781

80,695 44,060 6,961 51,928 230 -2,225 15,074

98,535 48,725 13,566 58,132 1,391 1,984 18,474

116,289 57,358 15,251 65,208 2,015 5,347 22,963

143,146 64,629 16,302 71,663 2,133 7,119 33,740

167,602 63,941 18,642 75,557 1,675 3,631 37,498

160,407 53,323 19,766 60,731 2,042 8,552 44,206

234.7 69.4 27.6 14.5 20.5 6.7 1.5

119.8 51.7 16.3 13.4 21.6 19.8 2.6

132.3 72.3 16.0 9.4 12.4 25.9 3.5

126.5 62.6 20.4 10.4 10.7 30.0 3.8

105.1 51.8 23.9 8.3 11.4 38.1 4.2

102.0 46.0 15.7 10.7 11.0 51.2 5.6

101.5 38.7 19.1 10.8 11.4 57.8 6.0

118.0 39.2 18.5 6.4 13.4 70.3 8.7

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

236


PHILIPPINES (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

25,241 24,040 15,301 6,273 3,943 101 9,029 8,739 825 6,660 1,201 0

33,372 28,525 22,626 8,490 5,002 183 14,137 5,899 4,666 416 4,847 1,925

50,777 33,744 19,890 7,207 3,627 207 12,683 13,855 10,466 2,482 17,033 2,856

54,874 35,364 18,580 6,620 2,885 197 11,960 16,784 14,290 1,413 19,510 2,975

55,273 36,751 18,623 6,874 2,690 196 11,749 18,128 16,256 813 18,522 2,476

58,826 37,959 19,586 7,219 2,726 195 12,367 18,373 16,774 636 20,867 1,993

57,874 39,077 21,611 7,414 2,533 187 14,196 17,467 16,014 662 18,797 1,314

58,909 41,738 22,059 8,448 2,488 181 13,611 19,679 18,522 800 17,171 956

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,516 2,224 1,373 854 506 0 519 852 575 167 291 0

2,840 1,816 1,413 621 393 10 792 403 278 102 1,024 864

5,747 5,228 1,528 386 152 10 1,142 3,701 2,630 997 519 5

6,525 3,874 1,144 381 129 0 763 2,730 2,384 221 2,651 250

8,772 7,748 1,905 974 132 0 931 5,843 5,626 165 1,024 0

8,876 2,767 1,655 808 372 0 847 1,112 1,048 36 6,109 0

5,174 2,130 1,454 860 192 0 594 677 576 100 3,044 0

9,749 8,039 2,348 1,702 361 0 646 5,691 5,510 180 1,710 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,473 1,411 439 388 301 1 51 972 180 743 62 0

2,737 2,587 2,204 651 413 2 1,553 383 32 76 150 0

4,047 2,515 1,572 562 349 3 1,009 943 395 474 1,533 445

6,085 3,353 1,788 644 376 7 1,143 1,566 1,209 265 2,732 333

9,399 5,742 1,921 790 383 7 1,131 3,820 2,911 831 3,658 604

6,340 2,547 1,667 625 403 7 1,041 881 462 252 3,792 558

8,219 3,592 2,322 972 471 7 1,349 1,270 844 94 4,627 572

6,380 3,843 1,723 651 394 7 1,072 2,120 1,644 53 2,537 339

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1,573 1,486 749 444 296 1 305 737 31 671 87 0

1,859 1,707 1,320 604 376 1 716 387 287 34 152 82

2,469 1,882 841 414 223 2 427 1,041 880 130 586 479

3,254 2,409 584 258 124 2 326 1,825 1,725 70 845 283

3,521 2,736 583 280 141 1 303 2,153 2,033 92 785 255

3,450 2,527 614 333 160 1 280 1,913 1,841 34 923 140

3,697 2,865 612 310 143 1 301 2,253 2,198 27 832 103

3,430 2,840 541 248 112 1 293 2,298 2,257 26 590 88

1,927 1,123

-878 -696

-17 2,551

690 1,472

-1,376 -2,414

5,628 4,611

-1,035 -3,128

-1,964 370

1,068 1,082 721

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,941 481

1,921 436

1,865 393

2,032 353

1,822 314

1,506 283

1,447 254

1,399 227

3,625 1,752

3,294 1,610

1,862 1,495

2,316 1,440

2,688 1,389

2,301 1,247

3,981 1,140

2,418 946

Notes: Long-term private nonguaranteed debt includes the following monitored aggregate private-sector debt: unregistered debt, intercompany debt and capital leases. Short-term debt is based on reports provided by the country.

237


ROMANIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

1,140 230 223 7 0 910 0

6,832 4,491 3,957 534 1,038 1,303 0

11,160 9,945 6,583 3,362 453 763 12

38,861 31,187 13,330 17,858 261 7,413 13

53,939 37,265 14,185 23,081 104 16,570 10

84,166 54,837 15,200 39,636 0 29,330 10

102,491 73,827 14,988 58,839 0 28,664 6

117,511 86,935 17,904 69,031 9,544 21,032 5

0 223 7 132

0 3,899 592 1,641

16 6,440 3,505 2,864

37 12,962 18,225 2,897

260 13,820 23,445 2,515

256 14,834 40,003 985

238 14,743 59,084 3,335

7 17,660 69,274 7,441

External debt flows Disbursements Long-term external debt IMF purchases

26 26 0

1,513 1,455 57

3,258 3,144 114

12,918 12,918 0

11,226 11,226 0

20,884 20,884 0

32,513 32,513 0

32,596 23,206 9,391

Principal repayments Long-term external debt IMF repurchases

4 4 0

675 302 373

1,801 1,705 96

5,331 5,179 152

6,472 6,304 167

8,325 8,219 105

14,427 14,427 0

13,163 13,163 0

Net flows Long-term external debt Short-term external debt

44 22 22

1,174 1,153 337

1,843 1,439 386

10,619 7,739 3,032

13,916 4,922 9,161

25,319 12,665 12,760

17,424 18,086 -662

11,803 10,043 -7,631

Interest payments Long-term external debt IMF charges Short-term external debt

14 0 0 14

321 206 69 47

698 632 24 42

1,587 1,248 13 326

2,176 1,404 10 762

3,243 1,956 3 1,284

3,607 2,904 0 703

3,171 2,777 77 318

0 0

419 0

1,037 58

6,482 229

11,393 301

9,925 746

13,883 23

6,310 7

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 89.5 9.8

.. 2.7 0.0 1.8 34.4

.. 5.3 0.0 0.9 42.5

58.9 3.2 1.3 0.7 26.9

64.0 3.5 1.1 0.6 22.8

69.3 3.4 0.7 0.5 18.9

71.9 4.5 0.3 0.4 17.3

78.8 3.6 0.1 0.2 13.4

2.7 25.5 10.0

6.0 13.3 4.3

5.9 17.1 4.2

2.1 23.0 6.4

3.6 19.0 5.3

4.6 20.0 5.9

4.0 14.4 12.7

3.0 11.5 5.5

8.4 8.2 3.6

6.9 7.2 2.7

9.1 5.8 2.5

3.8 10.0 7.8

4.1 11.9 3.8

5.2 11.0 3.2

6.5 10.8 9.3

6.3 10.1 1.4

38,159 6,555 .. 9,915 0 -3,254 1,374

35,236 9,485 9 11,628 28 -1,774 2,624

36,768 12,438 96 14,653 72 -1,355 3,396

98,008 34,346 4,733 47,298 2,926 -8,504 21,601

119,825 41,545 6,718 60,454 4,164 -12,785 30,206

169,088 53,315 8,542 83,013 5,988 -23,080 39,974

199,261 65,946 9,381 98,549 4,362 -23,719 39,768

164,073 51,963 4,928 64,739 1,536 -7,139 45,796

17.4 3.0 0.3 79.8 .. 120.5 1.7

72.0 19.4 10.5 19.1 24.7 38.4 2.7

89.7 30.4 20.1 6.8 30.1 30.4 2.8

113.1 39.7 20.1 19.1 14.4 55.6 5.5

129.8 45.0 20.8 30.7 11.3 56.0 6.0

157.9 49.8 21.7 34.8 8.0 47.5 5.8

155.4 51.4 27.3 28.0 7.1 38.8 4.8

226.1 71.6 31.4 17.9 9.0 39.0 8.5

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

238


ROMANIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

230 223 218 0 0 0 218 5 0 0 7 0

4,491 3,957 2,998 1,685 844 0 1,312 959 0 250 534 0

9,945 6,583 4,149 3,364 1,898 0 785 2,434 736 1,157 3,362 0

31,187 13,330 6,152 5,602 2,448 0 550 7,177 2,123 4,874 17,858 0

37,265 14,185 6,674 6,092 2,481 0 583 7,510 2,371 5,000 23,081 0

54,837 15,200 7,301 6,709 2,604 0 592 7,899 2,650 5,113 39,636 0

73,827 14,988 8,006 7,295 2,572 0 710 6,982 2,714 4,178 58,839 0

86,935 17,904 11,209 10,518 2,995 0 692 6,695 2,809 3,818 69,031 35

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

26 23 19 0 0 0 19 5 0 0 3 0

1,455 1,185 873 361 128 0 511 312 0 165 271 0

3,144 1,937 1,083 932 384 0 151 854 139 674 1,207 0

12,918 2,637 1,016 891 282 0 125 1,621 623 958 10,281 0

11,226 1,315 678 554 140 0 124 637 0 620 9,911 0

20,884 1,271 718 658 232 0 60 554 0 527 19,613 0

32,513 2,799 1,515 1,437 239 0 77 1,284 1,104 175 29,715 0

23,206 3,801 3,660 3,612 703 0 48 140 0 140 19,405 32

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4 0 0 0 0 0 0 0 0 0 4 0

302 217 132 14 0 0 118 85 0 13 86 0

1,705 984 493 326 91 0 168 491 0 328 721 75

5,179 1,697 590 376 205 0 213 1,107 374 646 3,482 0

6,304 1,436 556 450 195 0 106 880 0 813 4,868 0

8,219 1,469 585 508 211 0 77 884 0 844 6,750 0

14,427 2,490 685 626 288 0 60 1,805 883 875 11,937 0

13,163 1,367 671 609 261 0 63 696 0 633 11,795 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

0 0 0 0 0 0 0 0 0 0 0 0

206 179 124 70 53 0 54 56 0 8 27 0

632 439 269 207 104 0 62 171 45 76 193 7

1,248 672 229 206 88 0 23 443 184 248 576 0

1,404 707 272 252 111 0 20 435 131 295 697 0

1,956 803 316 299 132 0 17 487 171 312 1,153 0

2,904 876 345 328 130 0 17 531 199 327 2,028 0

2,777 705 322 305 95 0 17 383 156 219 2,071 0

53 44

1,230 1,174

2,154 1,843

9,287 10,619

15,079 13,916

30,227 25,319

18,325 17,424

15,020 11,803

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

975 338

804 394

926 428

1,010 441

1,668 439

2,204 396

2,129 341

2,063 285

8,201 1,458

7,148 1,278

8,088 1,107

6,889 940

6,915 818

7,188 702

6,394 568

6,297 466

Notes: Short-term debt is based on reports provided by the country.

239


RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

58,670 46,870 46,870 0 0 11,800 4,500

121,401 101,582 101,582 0 9,617 10,201 5,851

159,993 132,751 110,989 21,762 11,613 15,630 4,530

229,911 202,780 86,877 115,903 0 27,131 3,151

250,746 210,294 71,466 138,828 0 40,453 747

368,075 288,970 106,659 182,310 0 79,106 606

402,453 347,798 103,246 244,552 0 54,655 655

381,339 350,715 99,990 250,725 0 30,624 424

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 46,870 0 17,221

22,417 101,582 0 3,154

7,368 110,989 21,762 76

2,064 86,877 115,903 11,545

506 71,466 138,828 13,004

39 106,659 182,310 45,956

153 103,246 244,552 23,462

36 99,990 250,725 10,123

External debt flows Disbursements Long-term external debt IMF purchases

16,270 16,270 0

8,536 3,083 5,453

1,387 1,387 0

55,068 55,068 0

39,326 39,326 0

96,278 96,278 0

81,804 81,804 0

53,467 53,467 0

Principal repayments Long-term external debt IMF repurchases

7,893 7,893 0

3,273 3,273 0

6,221 3,333 2,888

32,475 29,086 3,389

37,396 37,396 0

24,449 24,449 0

44,568 44,568 0

49,168 49,168 0

Net flows Long-term external debt Short-term external debt

-2,023 8,377 -10,400

4,913 -190 -350

-2,835 -1,947 2,000

23,227 25,982 634

17,656 1,930 15,726

110,623 71,829 38,794

12,735 37,235 -24,500

-19,501 4,299 -23,800

Interest payments Long-term external debt IMF charges Short-term external debt

3,853 2,611 0 1,242

2,885 2,591 294 0

5,604 4,284 691 630

9,446 8,569 27 850

12,888 11,597 0 1,291

16,109 13,745 0 2,364

22,541 20,686 0 1,855

18,193 17,654 0 539

.. ..

2,065 47

2,714 150

12,886 -100

29,701 6,480

55,073 18,675

75,002 -15,005

37,134 1,997

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 3.0 2.4 6.6 34.3

.. 2.0 0.8 2.8 52.1

.. 0.8 0.1 0.0 71.6

10.2 1.2 0.0 0.0 83.4

4.9 1.2 0.0 0.0 87.4

3.5 0.8 0.0 0.0 92.0

4.8 0.7 0.0 0.0 91.0

5.5 0.7 0.0 0.0 90.9

8.3 10.6 5.9

7.0 16.7 5.6

7.3 16.8 5.3

4.4 17.3 4.8

0.0 4.3 3.3

3.5 11.1 3.3

0.0 0.0 0.0

0.7 13.3 3.8

8.3 13.4 7.5

7.0 14.4 2.5

7.1 9.1 2.1

5.2 4.0 1.6

6.2 4.7 3.1

5.8 6.5 4.3

5.4 5.7 3.9

5.5 5.6 5.3

515,781 .. .. .. .. .. ..

392,156 97,265 2,502 90,459 197 6,963 18,024

252,972 119,350 1,275 72,580 887 46,839 27,656

745,531 286,244 3,012 200,604 19,483 84,602 182,272

959,770 364,409 3,344 268,185 34,601 94,686 303,773

1,263,002 441,054 4,713 359,779 43,195 77,768 478,822

1,618,740 585,034 6,033 478,546 62,290 103,722 426,279

1,194,888 380,879 5,359 329,405 38,614 48,971 439,342

.. 11.4 .. 20.1 0.7 .. ..

124.8 31.0 6.3 8.4 1.6 14.8 2.4

134.1 63.2 9.9 9.8 4.4 17.3 4.6

80.3 30.8 14.6 11.8 2.4 79.3 10.9

68.8 26.1 13.8 16.1 2.2 121.1 13.6

83.5 29.1 9.2 21.5 1.4 130.1 16.0

68.8 24.9 11.5 13.6 1.1 105.9 10.7

100.1 31.9 17.7 8.0 1.0 115.2 16.0

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

240


RUSSIAN FEDERATION (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

46,870 46,870 5,187 416 0 0 4,771 41,683 1,891 17,840 0 0

101,582 101,582 57,449 1,985 1,524 0 55,464 44,133 1,115 16,674 0 0

132,751 110,989 70,851 7,040 6,844 0 63,811 40,138 36,368 440 21,762 1,412

202,780 86,877 34,723 5,627 5,091 0 29,096 52,154 40,244 10,050 115,903 33,673

210,294 71,466 11,177 5,451 4,759 0 5,727 60,288 43,654 14,976 138,828 48,741

288,970 106,659 9,641 5,099 4,292 0 4,542 97,019 60,070 36,145 182,310 70,208

347,798 103,246 8,371 4,477 3,851 0 3,894 94,875 66,719 27,627 244,552 78,078

350,715 99,990 7,322 3,724 3,211 0 3,599 92,667 69,580 22,744 250,725 73,331

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

16,270 16,270 3,059 178 0 0 2,881 13,212 310 479 0 0

3,083 3,083 1,092 855 824 0 237 1,990 0 20 0 0

1,387 1,007 746 574 540 0 172 261 0 0 380 75

55,068 11,606 441 409 251 0 32 11,165 1,000 10,050 43,462 14,620

39,326 13,545 569 528 324 0 42 12,976 5,150 7,826 25,781 16,192

96,278 46,257 520 420 214 0 100 45,736 19,888 25,848 50,021 26,395

81,804 20,159 361 260 221 0 101 19,798 12,187 7,611 61,645 14,333

53,467 12,463 108 108 95 0 0 12,354 8,723 3,631 41,004 2,286

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

7,893 7,893 238 7 0 0 231 7,656 0 4,086 0 0

3,273 3,273 917 434 0 0 483 2,356 810 51 0 0

3,333 2,031 1,206 312 266 0 894 825 268 19 1,302 825

29,086 23,116 18,683 823 780 0 17,860 4,433 3,765 0 5,971 822

37,396 31,713 25,983 741 693 0 25,242 5,730 2,543 2,900 5,683 1,475

24,449 10,879 1,765 815 724 0 950 9,114 3,714 4,679 13,570 6,065

44,568 23,103 1,587 947 706 0 640 21,516 5,098 16,110 21,465 6,020

49,168 15,827 1,169 872 730 0 296 14,658 5,944 8,526 33,341 7,033

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

2,611 2,611 111 17 0 0 93 2,501 96 1,435 0 0

2,591 2,591 1,245 132 57 0 1,113 1,346 140 600 0 0

4,284 3,207 1,227 431 412 0 796 1,979 1,845 4 1,077 165

8,569 5,221 2,339 201 184 0 2,137 2,882 2,804 7 3,348 1,774

11,597 5,277 1,735 276 243 0 1,458 3,543 2,855 631 6,320 3,234

13,745 4,704 453 301 262 0 152 4,251 3,331 875 9,041 4,722

20,686 6,235 331 234 202 0 97 5,904 4,345 1,523 14,451 5,269

17,654 5,397 184 135 121 0 49 5,213 4,631 564 12,257 5,550

4,748 -2,023

-374 4,913

-14,761 -2,835

33,128 23,227

20,836 17,656

117,329 110,623

34,378 12,735

-21,114 -19,501

0 0 0

7,166 0 0

26,526 0 0

0 0 0

1,170 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

1,709 146

1,264 116

937 91

725 73

621 61

452 50

298 41

901 35

68,498 14,377

63,390 12,053

41,980 10,148

41,073 8,462

32,261 6,812

19,256 5,474

16,896 4,606

18,691 3,856

Notes: Data on long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt are World Bank staff estimates.

241


RWANDA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

708.0 660.8 660.8 0.0 0.1 47.1 1.6

1029.0 970.7 970.7 0.0 26.3 32.0 17.5

1270.3 1146.6 1146.6 0.0 85.8 37.9 16.2

1508.9 1414.5 1414.5 0.0 77.0 17.4 13.4

403.7 380.1 380.1 0.0 4.3 19.3 12.3

561.7 542.8 542.8 0.0 8.1 10.8 10.8

652.4 627.4 627.4 0.0 11.4 13.6 8.6

747.0 725.5 725.5 0.0 15.2 6.3 6.3

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

8.3 660.8 0.0 71.9

44.2 970.7 0.0 50.0

71.9 1146.6 0.0 55.0

73.3 1414.5 0.0 47.5

69.3 380.1 0.0 16.2

63.6 542.8 0.0 282.0

55.5 627.4 0.0 125.8

48.2 725.5 0.0 0.0

External debt flows Disbursements Long-term external debt IMF purchases

62.3 62.3 0.0

67.5 54.0 13.5

64.9 39.8 25.1

86.5 84.8 1.7

67.0 64.5 2.5

81.2 77.7 3.5

115.6 112.0 3.6

107.5 103.9 3.6

Principal repayments Long-term external debt IMF repurchases

8.7 7.9 0.8

11.4 11.4 0.0

24.3 13.1 11.1

16.8 13.2 3.7

18.0 18.0 0.0

16.4 16.4 0.0

16.0 16.0 0.0

13.3 13.3 0.0

Net flows Long-term external debt Short-term external debt

55.5 54.4 1.9

52.6 42.6 -3.5

24.3 26.7 -16.4

66.6 71.6 -3.0

52.1 46.5 3.0

57.8 61.3 -7.0

104.6 96.0 5.0

89.2 90.6 -5.0

Interest payments Long-term external debt IMF charges Short-term external debt

11.1 5.9 0.0 5.2

8.9 8.3 0.1 0.5

11.4 8.5 1.4 1.5

10.8 10.2 0.4 0.2

8.1 7.8 0.0 0.3

6.6 6.4 0.0 0.2

9.3 9.1 0.1 0.1

12.6 12.5 0.1 0.0

7.6 0.0

2.2 0.0

8.3 0.0

8.0 0.0

11.2 0.0

67.1 0.0

103.4 0.0

118.7 0.0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.5 0.0 0.0 38.8

.. 1.3 0.0 0.0 45.6

.. 0.4 0.0 0.0 58.5

4.2 0.0 0.0 0.0 63.8

6.9 0.0 0.0 0.0 53.9

5.0 0.0 0.0 0.0 44.3

5.5 0.0 0.0 0.0 42.3

5.4 0.0 0.0 0.0 39.6

1.4 33.9 9.0

0.8 39.8 10.3

0.8 39.7 10.2

0.8 44.4 10.1

1.0 31.3 6.7

3.5 25.4 7.7

2.5 27.7 8.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

2572.3 147.3 2.6 374.7 6.0 -84.6 44.3

1298.9 98.8 21.1 391.3 1.5 57.5 99.1

1719.6 141.5 6.6 451.7 3.1 -94.4 190.6

2361.8 284.6 20.9 702.8 4.7 -52.1 405.8

2805.9 302.5 21.2 778.3 3.9 -180.0 439.7

3394.6 411.3 51.3 971.4 9.3 -146.6 552.8

4421.8 693.0 67.8 1463.5 15.4 -252.1 596.3

5002.4 548.6 92.6 1531.2 4.7 -378.6 742.7

480.7 27.5 13.4 6.7 76.6 6.3 1.4

1041.4 79.2 20.5 3.1 79.1 9.6 3.0

897.7 73.9 25.2 3.0 78.5 15.0 5.1

530.1 63.9 9.7 1.2 90.0 26.9 6.9

133.4 14.4 8.6 4.8 81.3 108.9 6.8

136.6 16.5 5.6 1.9 81.2 98.4 6.8

94.1 14.8 3.6 2.1 83.4 91.4 4.9

136.2 14.9 4.7 0.8 84.5 99.4 5.8

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

242


RWANDA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

660.8 660.8 660.8 542.2 0.0 339.9 118.6 0.0 0.0 0.0 0.0 0.0

970.7 970.7 970.7 813.7 0.0 512.0 157.0 0.0 0.0 0.0 0.0 0.0

1146.6 1146.6 1146.6 996.6 0.0 691.9 150.0 0.0 0.0 0.0 0.0 0.0

1414.5 1414.5 1414.5 1357.8 0.0 980.3 56.7 0.0 0.0 0.0 0.0 0.0

380.1 380.1 380.1 328.2 0.0 168.5 51.9 0.0 0.0 0.0 0.0 0.0

542.8 542.8 542.8 455.8 0.0 203.8 87.0 0.0 0.0 0.0 0.0 0.0

627.4 627.4 627.4 544.1 0.0 241.7 83.3 0.0 0.0 0.0 0.0 0.0

725.5 725.5 725.5 631.3 0.0 254.2 94.1 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

62.3 62.3 62.3 36.8 0.0 21.7 25.5 0.0 0.0 0.0 0.0 0.0

54.0 54.0 54.0 54.0 0.0 34.8 0.0 0.0 0.0 0.0 0.0 0.0

39.8 39.8 39.8 39.8 0.0 37.2 0.0 0.0 0.0 0.0 0.0 0.0

84.8 84.8 84.8 84.8 0.0 46.8 0.0 0.0 0.0 0.0 0.0 0.0

64.5 64.5 64.5 64.5 0.0 37.0 0.0 0.0 0.0 0.0 0.0 0.0

77.7 77.7 77.7 67.6 0.0 27.6 10.1 0.0 0.0 0.0 0.0 0.0

112.0 112.0 112.0 104.8 0.0 40.5 7.2 0.0 0.0 0.0 0.0 0.0

103.9 103.9 103.9 86.2 0.0 10.5 17.7 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

7.9 7.9 7.1 4.7 0.0 1.1 2.4 0.8 0.0 0.0 0.0 0.0

11.4 11.4 11.4 11.2 0.0 5.8 0.2 0.0 0.0 0.0 0.0 0.0

13.1 13.1 13.1 10.8 0.0 6.3 2.3 0.0 0.0 0.0 0.0 0.0

13.2 13.2 13.2 8.2 0.0 0.2 5.0 0.0 0.0 0.0 0.0 0.0

18.0 18.0 18.0 12.6 0.0 0.0 5.3 0.0 0.0 0.0 0.0 0.0

16.4 16.4 16.4 10.9 0.0 0.0 5.4 0.0 0.0 0.0 0.0 0.0

16.0 16.0 16.0 10.0 0.0 0.0 6.0 0.0 0.0 0.0 0.0 0.0

13.3 13.3 13.3 7.5 0.0 0.0 5.8 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5.9 5.9 5.9 4.4 0.0 2.3 1.5 0.0 0.0 0.0 0.0 0.0

8.3 8.3 8.3 8.3 0.0 6.7 0.0 0.0 0.0 0.0 0.0 0.0

8.5 8.5 8.5 7.5 0.0 5.1 1.0 0.0 0.0 0.0 0.0 0.0

10.2 10.2 10.2 9.3 0.0 5.6 0.9 0.0 0.0 0.0 0.0 0.0

7.8 7.8 7.8 6.8 0.0 2.3 1.0 0.0 0.0 0.0 0.0 0.0

6.4 6.4 6.4 5.2 0.0 1.5 1.1 0.0 0.0 0.0 0.0 0.0

9.1 9.1 9.1 6.6 0.0 1.7 2.5 0.0 0.0 0.0 0.0 0.0

12.5 12.5 12.5 10.6 0.0 1.8 1.8 0.0 0.0 0.0 0.0 0.0

88.9 55.5

76.7 52.6

-21.3 24.3

-145.7 66.6

-1105.2 52.1

158.0 57.8

90.8 104.6

94.6 89.2

0.0 0.0 0.0

6.1 0.0 0.0

6.8 0.3 0.0

8.0 103.5 0.0

7.0 1215.5 0.0

0.0 0.0 0.0

0.0 7.6 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

6.8 12.7

8.3 13.6

12.4 14.1

15.6 14.2

16.2 14.3

26.8 14.1

32.3 13.5

32.3 12.7

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates. Rwanda was granted debt relief effective in 2006 under MDRI.

243


SAMOA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

91.8 91.0 91.0 0.0 0.8 0.0 0.0

160.0 160.0 160.0 0.0 0.0 0.0 0.0

137.7 137.7 137.7 0.0 0.0 0.0 0.0

167.5 167.5 167.5 0.0 0.0 0.0 0.0

163.7 163.7 163.7 0.0 0.0 0.0 0.0

185.9 185.9 185.9 0.0 0.0 0.0 0.0

205.6 205.6 205.6 0.0 0.0 0.0 0.0

235.5 226.4 226.4 0.0 9.1 0.0 0.0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0.0 91.0 0.0 15.3

0.0 160.0 0.0 0.1

0.0 137.7 0.0 11.8

0.0 167.5 0.0 4.8

0.0 163.7 0.0 8.5

0.0 185.9 0.0 91.3

0.0 205.6 0.0 48.8

0.0 226.4 0.0 0.0

External debt flows Disbursements Long-term external debt IMF purchases

15.4 15.4 0.0

6.8 6.8 0.0

6.7 6.7 0.0

10.4 10.4 0.0

7.3 7.3 0.0

17.8 17.8 0.0

25.5 25.5 0.0

34.1 25.2 8.9

Principal repayments Long-term external debt IMF repurchases

4.1 3.3 0.9

3.0 3.0 0.0

4.2 4.2 0.0

4.3 4.3 0.0

4.9 4.9 0.0

5.3 5.3 0.0

6.0 6.0 0.0

6.0 6.0 0.0

Net flows Long-term external debt Short-term external debt

11.2 12.1 0.0

3.8 3.8 0.0

2.5 2.5 0.0

6.1 6.1 0.0

2.4 2.4 0.0

12.6 12.6 0.0

19.6 19.6 0.0

28.2 19.2 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

1.3 1.2 0.1 0.0

1.6 1.6 0.0 0.0

1.3 1.3 0.0 0.0

1.5 1.5 0.0 0.0

2.1 2.1 0.0 0.0

1.6 1.6 0.0 0.0

2.1 2.1 0.0 0.0

2.5 2.5 0.0 0.0

6.6 0.0

3.4 ..

-1.5 ..

-3.0 ..

20.7 ..

2.5 ..

13.0 ..

1.4 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 38.6

.. 0.0 0.0 0.0 36.6

.. 0.0 0.0 0.0 41.0

1.8 0.0 0.0 0.0 43.6

1.7 0.0 0.0 0.0 48.5

1.4 0.0 0.0 0.0 45.7

0.9 0.0 0.0 0.0 41.1

0.8 0.7 0.0 0.0 36.8

0.8 39.8 10.3

0.0 20.5 8.5

1.1 35.1 9.0

3.8 19.6 5.1

1.4 31.4 7.9

1.1 28.8 8.5

0.8 22.9 5.9

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

164.3 51.2 43.0 96.5 0.0 8.6 69.0

193.7 69.1 41.0 119.9 0.0 9.3 55.3

231.7 .. 45.0 .. .. .. 63.7

388.2 131.3 109.9 263.3 7.7 -25.2 81.8

432.8 149.7 108.0 293.2 13.8 -47.8 80.7

479.9 159.6 119.8 306.3 8.8 -35.8 95.4

561.5 .. 135.0 289.8 .. .. 87.1

480.8 .. 131.4 .. .. .. 165.8

179.2 55.9 10.6 .. 88.3 75.2 8.6

231.6 82.6 6.6 .. 93.1 34.6 5.5

.. 59.4 .. .. 93.9 46.2 ..

127.6 43.1 4.4 .. 92.5 48.8 3.7

109.4 37.8 4.6 .. 99.8 49.3 3.3

116.5 38.7 4.3 .. 95.1 51.3 3.7

.. 36.6 .. .. 85.6 42.4 3.6

.. 49.0 .. 0.0 76.5 70.4 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

244


SAMOA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

91.0 91.0 89.6 81.1 0.0 18.3 8.5 1.4 1.4 0.0 0.0 0.0

160.0 160.0 160.0 149.1 0.0 44.7 11.0 0.0 0.0 0.0 0.0 0.0

137.7 137.7 137.7 129.3 0.0 47.3 8.4 0.0 0.0 0.0 0.0 0.0

167.5 167.5 167.5 155.0 0.0 64.2 12.5 0.0 0.0 0.0 0.0 0.0

163.7 163.7 163.7 163.4 0.0 69.3 0.3 0.0 0.0 0.0 0.0 0.0

185.9 185.9 185.9 176.8 0.0 77.7 9.1 0.0 0.0 0.0 0.0 0.0

205.6 205.6 205.6 176.0 0.0 79.0 29.5 0.0 0.0 0.0 0.0 0.0

226.4 226.4 226.4 180.1 0.0 79.9 46.3 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

15.4 15.4 15.4 15.0 0.0 3.5 0.4 0.0 0.0 0.0 0.0 0.0

6.8 6.8 6.8 6.6 0.0 0.7 0.2 0.0 0.0 0.0 0.0 0.0

6.7 6.7 6.7 6.7 0.0 5.7 0.0 0.0 0.0 0.0 0.0 0.0

10.4 10.4 10.4 10.4 0.0 7.7 0.0 0.0 0.0 0.0 0.0 0.0

7.3 7.3 7.3 7.3 0.0 3.5 0.0 0.0 0.0 0.0 0.0 0.0

17.8 17.8 17.8 9.3 0.0 6.9 8.6 0.0 0.0 0.0 0.0 0.0

25.5 25.5 25.5 5.9 0.0 3.1 19.6 0.0 0.0 0.0 0.0 0.0

25.2 25.2 25.2 8.5 0.0 1.8 16.7 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3.3 3.3 3.3 2.2 0.0 0.1 1.0 0.0 0.0 0.0 0.0 0.0

3.0 3.0 3.0 2.6 0.0 0.2 0.3 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 3.3 0.0 0.7 0.9 0.0 0.0 0.0 0.0 0.0

4.3 4.3 4.3 3.9 0.0 1.0 0.3 0.0 0.0 0.0 0.0 0.0

4.9 4.9 4.9 4.7 0.0 1.1 0.2 0.0 0.0 0.0 0.0 0.0

5.3 5.3 5.3 5.2 0.0 1.2 0.0 0.0 0.0 0.0 0.0 0.0

6.0 6.0 6.0 5.9 0.0 1.3 0.1 0.0 0.0 0.0 0.0 0.0

6.0 6.0 6.0 6.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.2 1.2 1.1 0.7 0.0 0.1 0.4 0.1 0.1 0.0 0.0 0.0

1.6 1.6 1.6 1.5 0.0 0.3 0.1 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.2 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.5 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 2.1 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0

1.6 1.6 1.6 1.6 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 1.8 0.0 0.6 0.3 0.0 0.0 0.0 0.0 0.0

2.5 2.5 2.5 1.7 0.0 0.6 0.8 0.0 0.0 0.0 0.0 0.0

18.3 11.2

5.5 3.8

-8.8 2.5

-7.2 6.1

-3.8 2.4

22.2 12.6

19.7 19.6

29.9 28.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 12.2 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

6.7 2.9

7.4 2.8

8.5 2.9

9.4 2.9

12.9 2.8

13.3 2.8

13.9 2.8

15.1 2.6

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2007, 2008, and 2009 are $900millions, $1,116 millions, and $1,189 millions respectively.

245


SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

150.0 132.9 132.9 0.0 1.1 16.0 7.6

245.7 231.8 231.8 0.0 0.8 13.0 6.0

310.1 284.4 284.4 0.0 2.5 23.3 11.3

344.8 327.2 327.2 0.0 3.2 14.4 14.4

359.6 340.4 340.4 0.0 4.1 15.1 14.1

173.0 151.3 151.3 0.0 2.6 19.2 8.2

177.5 154.6 154.6 0.0 3.8 19.1 9.1

185.8 171.6 171.6 0.0 4.5 9.8 9.8

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

21.4 132.9 0.0 36.3

27.2 231.8 0.0 0.0

47.7 284.4 0.0 18.2

55.8 327.2 0.0 0.0

69.6 340.4 0.0 0.0

71.6 151.3 0.0 5.0

77.0 154.6 0.0 1.4

77.3 166.6 5.0 10.0

External debt flows Disbursements Long-term external debt IMF purchases

15.6 15.6 0.0

13.0 13.0 0.0

13.9 11.4 2.5

6.1 5.4 0.6

3.9 2.7 1.2

5.5 4.2 1.3

6.6 5.2 1.3

19.4 18.8 0.6

Principal repayments Long-term external debt IMF repurchases

1.1 1.1 0.0

1.1 0.8 0.2

2.2 2.2 0.0

5.7 5.5 0.1

6.2 5.7 0.6

6.1 5.4 0.8

3.0 3.0 0.0

3.1 3.1 0.0

Net flows Long-term external debt Short-term external debt

9.2 14.4 -5.3

12.9 12.2 1.0

11.7 9.2 0.0

0.4 -0.1 0.0

-1.3 -3.0 1.0

9.4 -1.2 10.0

2.6 2.3 -1.0

6.3 15.8 -10.0

Interest payments Long-term external debt IMF charges Short-term external debt

1.7 1.2 0.0 0.5

1.2 0.9 0.0 0.3

2.1 1.2 0.0 0.9

2.1 2.1 0.0 0.0

1.9 1.8 0.0 0.0

1.4 1.2 0.0 0.3

0.7 0.4 0.0 0.3

0.4 0.4 0.0 0.0

.. 0.0

0.0 0.0

3.8 0.0

15.7 0.0

38.0 0.0

36.0 0.0

71.7 0.0

21.1 0.0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 0.0 0.0 39.3

.. 0.0 0.0 0.0 40.0

.. 0.0 0.0 4.6 44.9

6.0 0.0 0.0 5.0 46.7

6.4 0.0 0.0 5.2 46.2

3.6 0.0 0.0 12.7 66.6

3.2 0.0 0.0 13.1 64.4

2.8 0.0 0.0 12.2 66.2

0.8 35.7 10.1

0.0 0.0 0.0

0.9 38.7 9.3

0.0 0.0 0.0

0.0 0.0 0.0

4.6 20.0 8.0

0.0 30.3 10.3

0.0 29.8 5.8

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. 8.1 0.3 22.4 0.0 -12.0 ..

.. .. .. .. 0.0 .. 5.1

.. 16.8 0.5 41.2 0.0 -20.1 11.6

110.7 17.9 1.5 57.6 0.0 -36.2 26.7

126.9 22.3 1.6 80.1 0.0 -57.7 34.2

151.1 20.3 2.0 85.8 0.0 -64.3 39.3

177.5 19.4 3.0 115.6 0.0 -93.5 ..

196.1 22.2 2.0 106.5 0.0 -77.5 ..

1843.3 .. 34.8 10.7 48.4 .. ..

.. .. .. 5.3 61.9 2.1 ..

1842.8 .. 25.6 7.5 54.6 3.8 3.4

1924.6 311.5 43.2 4.2 57.3 7.7 5.6

1614.7 283.4 36.5 4.2 56.5 9.5 5.1

853.4 114.5 37.3 11.1 21.8 22.7 5.5

912.6 100.0 18.8 10.7 22.9 .. ..

836.5 94.8 15.7 5.3 23.3 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

246


SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

132.9 132.9 131.7 72.6 0.0 23.9 59.2 1.1 0.0 0.0 0.0 0.0

231.8 231.8 231.8 152.0 0.0 53.6 79.9 0.0 0.0 0.0 0.0 0.0

284.4 284.4 284.4 169.3 0.0 58.9 115.1 0.0 0.0 0.0 0.0 0.0

327.2 327.2 327.2 197.4 0.0 72.4 129.8 0.0 0.0 0.0 0.0 0.0

340.4 340.4 340.4 203.2 0.0 76.4 137.2 0.0 0.0 0.0 0.0 0.0

151.3 151.3 151.3 37.7 0.0 10.7 113.6 0.0 0.0 0.0 0.0 0.0

154.6 154.6 154.6 40.6 0.0 13.3 114.0 0.0 0.0 0.0 0.0 0.0

171.6 171.6 171.6 43.3 0.0 14.4 128.3 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

15.6 15.6 15.6 12.8 0.0 5.4 2.7 0.0 0.0 0.0 0.0 0.0

13.0 13.0 13.0 13.0 0.0 5.6 0.0 0.0 0.0 0.0 0.0 0.0

11.4 11.4 11.4 8.4 0.0 1.7 2.9 0.0 0.0 0.0 0.0 0.0

5.4 5.4 5.4 5.4 0.0 2.5 0.0 0.0 0.0 0.0 0.0 0.0

2.7 2.7 2.7 2.7 0.0 1.9 0.0 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 4.2 0.0 2.6 0.0 0.0 0.0 0.0 0.0 0.0

5.2 5.2 5.2 5.2 0.0 2.7 0.0 0.0 0.0 0.0 0.0 0.0

18.8 18.8 18.8 3.8 0.0 1.0 15.0 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.1 1.1 1.0 0.4 0.0 0.0 0.6 0.1 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 1.9 0.0 0.5 0.3 0.0 0.0 0.0 0.0 0.0

5.5 5.5 5.5 2.1 0.0 0.1 3.5 0.0 0.0 0.0 0.0 0.0

5.7 5.7 5.7 3.8 0.0 0.1 1.9 0.0 0.0 0.0 0.0 0.0

5.4 5.4 5.4 4.2 0.0 0.0 1.1 0.0 0.0 0.0 0.0 0.0

3.0 3.0 3.0 1.9 0.0 0.0 1.1 0.0 0.0 0.0 0.0 0.0

3.1 3.1 3.1 1.7 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

1.2 1.2 1.1 0.3 0.0 0.1 0.9 0.1 0.0 0.0 0.0 0.0

0.9 0.9 0.9 0.8 0.0 0.3 0.1 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 1.2 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 1.4 0.0 0.5 0.7 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 1.5 0.0 0.4 0.3 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 1.2 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.4 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.4 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

15.6 9.2

22.9 12.9

-15.0 11.7

-26.5 0.4

14.8 -1.3

-186.5 9.4

4.5 2.6

8.3 6.3

0.0 0.0 0.0

30.3 0.0 0.0

7.2 11.4 0.0

0.0 2.9 0.0

0.0 1.4 0.0

0.0 196.2 0.0

0.0 2.7 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

9.3 1.0

8.2 0.9

8.1 0.9

7.5 0.8

7.4 0.7

6.9 0.6

5.1 0.5

2.9 0.4

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Data for 2007, 2008, and 2009 include the effects of MDRI and HIPC debt relief, in the amount of $69,140 in thousands, $36 in thousands, and $40 in thousands respectively.

247


SENEGAL (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

3,754 3,018 2,958 60 314 421 4

3,916 3,309 3,266 44 347 260 9

3,622 3,221 3,208 13 255 146 1

3,846 3,662 3,521 141 148 36 0

1,905 1,794 1,644 151 26 84 0

2,553 2,193 1,993 200 27 332 0

2,826 2,565 2,385 180 64 197 0

3,503 3,318 2,961 357 167 18 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0 2,921 97 375

51 3,234 76 333

17 3,208 13 241

10 3,521 141 327

18 1,644 151 534

15 1,993 200 294

5 2,385 180 567

5 2,961 357 763

External debt flows Disbursements Long-term external debt IMF purchases

261 232 29

256 173 83

156 137 19

387 382 5

280 259 20

497 497 0

560 522 38

935 835 100

Principal repayments Long-term external debt IMF repurchases

196 141 55

196 156 41

148 127 21

145 112 34

111 111 0

126 126 0

126 126 0

148 148 0

Net flows Long-term external debt Short-term external debt

232 91 167

87 17 28

-153 10 -161

242 270 0

217 149 48

619 371 248

299 396 -135

608 687 -179

Interest payments Long-term external debt IMF charges Short-term external debt

128 84 15 29

87 70 3 14

76 58 1 17

57 55 1 2

74 70 0 4

63 50 0 12

55 49 0 6

52 51 0 1

57 1

32 4

63 -2

45 -6

220 0

297 8

272 ..

208 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 1.5 0.2 0.9 32.8

.. 3.6 0.1 0.5 35.8

.. 3.5 0.1 0.2 45.0

10.8 2.7 0.0 0.0 59.2

8.8 5.2 0.0 0.0 40.2

9.9 0.0 0.0 0.0 40.9

15.9 0.2 0.0 0.0 37.0

17.7 0.2 0.0 0.0 39.6

2.0 33.4 8.8

1.2 37.6 9.1

0.8 40.1 9.9

1.2 34.0 7.6

0.9 33.9 8.5

1.9 23.5 5.8

2.7 23.4 6.7

1.2 34.8 8.4

8.3 10.1 2.6

0.0 0.0 0.0

3.0 9.3 2.8

0.0 0.0 0.0

6.3 9.0 0.4

0.0 0.0 0.0

0.0 0.0 0.0

8.8 5.0 0.0

5,520 1,537 142 2,053 60 -363 22

4,724 1,593 146 2,033 62 -244 272

4,601 1,383 233 1,929 75 -332 384

8,532 2,451 789 3,880 62 -676 1,191

9,281 2,522 925 4,220 70 -861 1,334

11,224 3,014 1,192 5,614 78 -1,311 1,660

13,168 .. 1,288 6,299 .. .. 1,602

12,915 .. 1,276 .. .. .. 2,123

244.2 68.0 21.1 11.2 36.6 0.6 0.1

245.8 82.9 17.8 6.6 48.2 6.9 1.6

261.9 78.7 16.2 4.0 52.8 10.6 2.4

157.0 45.1 8.3 0.9 73.6 31.0 3.7

75.5 20.5 7.3 4.4 51.7 70.1 3.8

84.7 22.7 6.2 13.0 54.1 65.0 3.5

.. 21.5 .. 7.0 55.2 56.7 3.1

.. 27.1 .. 0.5 51.7 60.6 ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

248


SENEGAL (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

3,018 2,958 2,793 1,376 88 747 1,417 166 0 113 60 0

3,309 3,266 3,194 1,889 35 1,126 1,305 72 0 66 44 0

3,221 3,208 3,203 1,913 1 1,330 1,291 5 0 5 13 0

3,662 3,521 3,511 2,832 0 2,045 680 9 0 9 141 0

1,794 1,644 1,632 985 0 495 648 11 0 11 151 0

2,193 1,993 1,986 1,382 0 652 604 7 0 7 200 0

2,565 2,385 2,380 1,559 0 780 821 4 0 4 180 0

3,318 2,961 2,759 1,810 0 921 949 202 200 2 357 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

232 217 217 145 0 117 72 0 0 0 15 0

173 172 172 144 0 107 28 0 0 0 1 0

137 136 131 119 0 92 12 5 0 5 1 0

382 333 333 262 0 182 71 0 0 0 49 0

259 225 220 193 0 131 28 4 0 4 35 0

497 472 472 395 0 133 78 0 0 0 24 0

522 518 518 243 0 135 275 0 0 0 4 0

835 627 427 264 0 137 162 200 200 0 208 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

141 129 111 58 13 3 52 19 0 8 12 0

156 150 129 98 12 6 31 21 0 12 5 0

127 125 124 68 3 11 57 0 0 0 3 0

112 83 81 40 0 12 41 2 0 2 29 0

111 96 94 49 0 7 45 3 0 3 14 0

126 72 67 38 0 0 30 4 0 4 54 0

126 87 85 45 0 1 40 3 0 3 39 0

148 99 96 61 0 2 35 3 0 3 49 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

84 81 71 26 6 4 45 10 0 7 3 0

70 69 65 38 3 8 27 3 0 2 1 0

58 58 58 26 0 8 32 0 0 0 0 0

55 45 44 31 0 16 13 1 0 1 10 0

70 61 60 49 0 10 11 1 0 1 9 0

50 34 33 25 0 5 9 1 0 1 16 0

49 36 36 23 0 5 12 0 0 0 13 0

51 41 41 22 0 6 19 0 0 0 9 0

475 232

218 87

-346 -153

-77 242

-1,942 217

648 619

273 299

677 608

111 18 0

258 27 0

0 24 0

31 49 0

262 2,442 0

4 146 0

2 3 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

130 47

176 48

178 45

182 41

135 37

147 36

153 34

157 32

101 22

100 18

100 13

100 9

100 4

60 1

0 0

0 0

Notes: Senegal was granted debt relief effective in 2006 under MDRI. Data for 2007 include the effects of MDRI, in the amount of $25 in thousands.

249


SERBIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. .. .. ..

10,785 8,562 6,788 1,773 84 2,139 1,396

11,499 6,789 6,178 611 152 4,558 3,668

15,945 12,837 7,623 5,214 866 2,242 728

19,680 17,439 7,631 9,808 0 2,241 584

26,369 23,718 8,314 15,404 0 2,651 703

30,711 26,632 8,312 18,320 0 4,079 704

33,402 27,801 8,725 19,076 1,601 4,000 712

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

4,182 6,693 1,869 0

5,275 6,095 694 71

805 7,623 5,214 223

732 7,631 9,808 668

1,250 8,307 15,410 511

1,625 8,289 18,343 433

1,832 8,671 19,130 2,302

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

0 0 0

376 222 154

3,088 2,904 185

5,277 5,277 0

6,637 6,637 0

7,070 7,070 0

6,080 4,505 1,575

Principal repayments Long-term external debt IMF repurchases

.. .. ..

0 0 0

73 0 73

776 570 206

1,558 1,319 239

2,334 2,334 0

3,485 3,485 0

3,609 3,609 0

Net flows Long-term external debt Short-term external debt

.. .. ..

120 0 120

51 222 -252

2,827 2,334 515

3,861 3,957 143

4,594 4,303 291

5,012 3,585 1,427

2,383 895 -87

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. .. ..

47 0 0 47

47 0 29 18

456 367 32 57

589 504 6 79

912 822 0 90

1,257 1,129 0 128

1,041 910 7 125

.. ..

45 ..

52 ..

2,051 ..

4,968 ..

3,448 764

2,993 -56

1,921 23

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 2.2 0.7 3.6 19.8

.. 2.0 0.5 2.8 24.6

32.0 0.9 0.2 1.9 63.1

35.2 0.9 0.2 3.4 58.3

37.3 0.8 0.1 3.2 56.0

37.7 0.9 0.1 3.1 55.3

42.3 0.8 0.1 2.8 51.0

.. .. ..

0.0 0.0 0.0

0.4 23.2 7.8

1.7 19.1 7.9

4.1 16.6 3.8

5.0 18.6 6.3

3.9 22.0 6.6

1.2 21.1 5.9

.. .. ..

0.0 0.0 0.0

7.8 6.4 1.9

0.0 0.0 0.0

4.1 7.1 7.1

0.0 0.0 0.0

5.0 2.0 2.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

6,082 .. 1,132 .. .. .. 517

24,910 .. 4,650 .. .. .. 5,842

28,808 .. 4,703 .. .. .. 11,889

38,604 12,655 5,377 22,971 604 -6,346 14,214

47,500 15,810 5,538 28,559 897 -9,006 11,478

41,897 12,550 5,406 19,888 452 -2,413 15,228

.. .. .. .. .. .. ..

.. .. .. 19.8 12.2 .. ..

.. 189.1 .. 39.6 12.5 4.5 ..

.. 64.0 .. 14.1 22.3 36.6 ..

.. 68.3 .. 11.4 20.1 60.4 ..

208.4 68.3 25.6 10.1 17.0 53.9 7.4

194.3 64.7 30.0 13.3 15.0 37.4 4.8

266.1 79.7 37.1 12.0 13.3 45.6 9.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

250


SERBIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

8,562 6,788 4,588 1,311 1,252 0 3,277 2,200 0 2,193 1,773 0

6,789 6,178 4,243 1,440 1,097 0 2,803 1,935 0 1,928 611 0

12,837 7,623 6,546 3,559 2,147 486 2,986 1,077 0 1,076 5,214 0

17,439 7,631 6,502 3,951 2,127 553 2,551 1,129 0 1,128 9,808 0

23,718 8,314 7,134 4,484 2,326 625 2,649 1,180 0 1,179 15,404 165

26,632 8,312 7,136 4,605 2,276 655 2,531 1,175 0 1,174 18,320 165

27,801 8,725 7,551 4,442 1,783 676 3,109 1,175 0 1,174 19,076 165

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

222 222 187 0 0 0 187 35 0 0 0 0

2,904 311 311 286 0 85 25 0 0 0 2,593 0

5,277 449 399 385 0 43 14 50 0 50 4,828 0

6,637 292 250 230 0 47 21 41 0 41 6,345 165

7,070 367 364 352 0 34 13 3 0 3 6,703 0

4,505 942 942 399 56 17 543 0 0 0 3,562 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

570 48 48 31 17 0 16 0 0 0 522 0

1,319 278 278 264 242 0 13 0 0 0 1,041 0

2,334 184 184 91 17 0 93 0 0 0 2,149 0

3,485 181 179 118 22 0 61 1 0 1 3,305 0

3,609 155 151 85 0 0 66 4 0 4 3,454 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

.. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

367 237 194 134 99 4 60 44 0 44 129 0

504 264 219 143 106 4 76 45 0 45 240 0

822 397 351 173 112 5 178 46 0 46 425 7

1,129 347 321 184 96 5 137 26 0 26 782 10

910 342 297 173 98 5 124 45 0 45 568 10

.. ..

-315 120

599 51

1,623 2,827

3,735 3,861

6,689 4,594

4,342 5,012

2,691 2,383

.. .. ..

0 0 0

0 0 0

8 54 0

0 583 0

0 14 0

0 0 0

205 0 0

7. Long-term external debt

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

345 170

375 175

429 175

504 172

558 166

596 158

624 149

557 139

4,186 959

3,337 757

2,613 584

1,874 439

1,724 339

1,265 249

1,186 250

542 131

Notes: Beginning 2006, the DRS data for Serbia exclude Montenegro. Short-term debt is based on Central Bank data.

251


SEYCHELLES (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

185 139 139 0 0 46 1

198 185 185 0 0 13 2

304 220 220 0 0 84 5

668 395 395 0 0 273 57

1,094 501 501 0 0 593 48

1,407 623 623 0 0 784 60

1,498 647 647 0 9 842 78

1,624 643 643 0 19 962 104

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

9 139 0 22

20 185 0 9

21 220 0 32

116 395 0 56

101 501 0 248

111 623 0 136

112 647 0 104

217 643 0 42

External debt flows Disbursements Long-term external debt IMF purchases

13 13 0

17 17 0

38 38 0

56 56 0

211 211 0

151 151 0

94 84 10

49 40 9

Principal repayments Long-term external debt IMF repurchases

12 12 0

16 16 0

10 10 0

41 41 0

124 124 0

46 46 0

53 53 0

44 44 0

Net flows Long-term external debt Short-term external debt

11 1 10

-9 1 -10

71 29 42

177 15 162

416 87 329

284 105 179

81 31 40

99 -4 94

Interest payments Long-term external debt IMF charges Short-term external debt

9 5 0 4

8 7 0 1

11 7 0 4

18 11 0 7

53 29 0 24

64 28 0 36

39 21 0 18

19 8 0 10

20 0

46 0

24 ..

86 ..

146 ..

249 ..

241 0

249 0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 0.0 16.6 7.1 8.4

.. 0.0 7.8 6.0 14.1

.. 2.1 6.5 4.5 35.6

13.8 1.8 4.2 2.9 55.0

13.0 1.2 3.8 2.5 67.5

23.2 1.0 2.8 2.0 61.3

20.1 1.2 2.0 2.1 65.6

20.8 1.2 2.2 2.1 63.8

4.9 20.3 9.0

4.3 18.2 4.7

3.3 12.3 2.4

2.0 14.4 4.8

4.9 14.0 3.8

4.2 11.2 5.0

2.0 13.8 3.0

1.4 21.0 6.6

11.5 4.8 0.9

0.0 0.0 0.0

4.4 9.2 2.5

6.1 6.0 0.9

9.1 5.1 4.6

2.9 4.0 1.9

5.1 2.8 0.4

7.1 5.1 0.2

355 233 8 265 8 -13 17

489 345 1 350 14 1 27

583 492 3 545 8 -43 44

844 729 12 935 20 -174 56

924 861 13 1,038 25 -134 113

954 874 11 1,187 29 -264 41

823 979 8 1,449 46 -407 64

655 845 12 1,187 48 -284 191

79.1 52.0 9.1 24.9 23.6 9.0 0.8

57.4 40.5 6.9 6.6 31.9 13.7 0.9

61.7 52.1 4.2 27.7 19.0 14.4 1.0

91.6 79.2 8.0 40.8 10.7 8.4 0.7

127.1 118.4 20.6 54.2 3.9 10.3 1.3

161.0 147.4 12.6 55.7 3.6 2.9 0.4

153.0 182.1 9.4 56.2 3.0 4.3 0.5

192.1 247.8 7.4 59.3 3.1 11.7 1.9

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

252


SEYCHELLES (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

139 139 119 44 6 0 76 19 0 16 0 0

185 185 149 63 5 0 85 36 0 22 0 0

220 220 159 58 3 0 101 61 0 50 0 0

395 395 224 72 2 0 152 172 0 83 0 0

501 501 207 42 0 0 165 294 200 70 0 0

623 623 210 51 0 0 159 413 311 82 0 0

647 647 196 44 0 0 152 450 305 132 0 0

643 643 209 50 0 0 159 434 307 113 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

13 13 12 3 1 0 8 2 0 1 0 0

17 17 17 9 1 0 7 0 0 0 0 0

38 38 19 7 0 0 12 19 0 19 0 0

56 56 8 5 0 0 3 48 0 45 0 0

211 211 6 3 0 0 3 204 200 4 0 0

151 151 11 11 0 0 0 140 105 35 0 0

84 84 4 0 0 0 4 80 0 80 0 0

40 40 31 23 0 0 9 9 0 9 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

12 12 5 3 1 0 2 8 0 7 0 0

16 16 7 4 1 0 3 9 0 5 0 0

10 10 5 2 1 0 3 5 0 2 0 0

41 41 11 2 1 0 9 30 0 14 0 0

124 124 42 36 2 0 6 82 0 17 0 0

46 46 20 4 0 0 16 26 0 23 0 0

53 53 15 6 0 0 8 38 2 31 0 0

44 44 20 18 0 0 2 24 0 24 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5 5 3 2 0 0 1 2 0 2 0 0

7 7 5 4 0 0 1 2 0 1 0 0

7 7 2 1 0 0 1 5 0 4 0 0

11 11 3 1 0 0 2 8 0 4 0 0

29 29 22 20 0 0 2 7 0 2 0 0

28 28 3 2 0 0 1 25 19 5 0 0

21 21 4 2 0 0 1 18 10 7 0 0

8 8 4 3 0 0 2 4 0 4 0 0

24 11

-2 -9

52 71

224 177

426 416

312 284

92 81

125 99

0 0 0

0 0 0

0 0 0

26 0 0

7 0 0

0 0 0

4 0 0

10 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

30 3

15 3

15 3

15 3

14 2

11 2

11 2

10 2

48 22

243 21

3 0

0 0

0 0

0 0

0 0

0 0

Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2009.

253


SIERRA LEONE (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

1176.4 919.9 919.9 0.0 108.4 148.1 148.1

1219.6 1027.7 1027.7 0.0 164.9 26.9 6.9

1189.8 972.8 972.8 0.0 173.6 43.5 36.3

1539.7 1327.1 1327.1 0.0 192.1 20.6 10.6

1265.5 1219.9 1219.9 0.0 34.8 10.8 10.8

312.0 270.4 270.4 0.0 36.5 5.1 0.1

398.6 336.4 336.4 0.0 53.2 9.0 0.0

444.1 370.9 370.9 0.0 73.2 0.0 0.0

546.9 587.9 332.0 18.2

107.6 943.6 84.1 47.7

66.0 972.8 0.0 65.0

35.3 1327.1 0.0 19.0

38.5 1219.9 0.0 10.3

9.0 270.4 0.0 59.5

8.6 336.4 0.0 32.2

8.4 370.9 0.0 82.1

External debt flows Disbursements Long-term external debt IMF purchases

15.0 15.0 0.0

114.8 95.0 19.8

90.3 76.6 13.7

71.4 50.7 20.7

40.2 26.8 13.4

28.2 28.2 0.0

80.4 62.4 18.0

55.6 36.8 18.8

Principal repayments Long-term external debt IMF repurchases

12.0 7.4 4.6

60.1 56.6 3.5

34.9 9.6 25.2

7.3 4.8 2.4

12.3 7.8 4.5

5.2 5.2 0.0

2.6 2.6 0.0

3.5 3.5 0.0

Net flows Long-term external debt Short-term external debt

3.0 7.6 0.0

54.7 38.4 0.0

56.8 66.9 1.4

54.2 45.9 -10.0

18.0 19.1 -10.0

28.0 23.0 5.0

81.8 59.8 4.0

43.1 33.3 -9.0

Interest payments Long-term external debt IMF charges Short-term external debt

9.2 8.9 0.3 0.0

22.0 19.8 0.8 1.4

11.8 8.9 2.5 0.4

10.3 9.1 0.9 0.4

11.3 10.4 1.0 0.0

4.7 4.5 0.2 0.1

3.2 2.9 0.2 0.2

3.8 3.5 0.3 0.0

32.4 0.0

7.3 0.0

39.0 ..

83.2 0.0

58.8 0.0

96.6 0.0

57.6 0.0

74.3 5.6

1. Summary external debt data External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 4.9 1.4 5.4 54.0

.. 7.6 0.5 2.9 41.0

.. 7.1 0.6 2.2 44.9

12.1 8.6 0.3 1.8 47.8

10.5 9.3 0.4 2.1 44.8

9.8 0.0 0.0 0.1 42.9

6.8 0.0 0.0 0.1 42.0

5.7 0.0 0.0 0.0 40.8

0.1 24.4 10.0

0.6 32.6 7.8

0.8 39.8 10.3

0.1 47.2 9.9

0.0 25.3 7.8

1.2 22.0 5.5

0.8 44.9 10.3

1.5 32.0 8.7

9.1 3.0 1.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

579.8 210.3 0.0 286.6 50.7 -69.4 5.4

818.5 129.0 23.7 290.3 11.3 -118.1 34.6

616.1 62.5 7.1 262.4 1.8 -112.3 49.2

1176.0 267.2 2.4 509.3 41.2 -104.9 170.5

1364.2 316.7 15.6 489.0 27.3 -95.0 183.9

1629.1 377.5 42.0 641.0 121.8 -160.1 216.6

1915.7 352.6 27.5 689.1 76.0 -225.4 220.2

1901.1 334.2 46.7 674.8 39.0 -192.8 405.0

559.3 202.9 10.0 12.6 15.4 0.5 0.2

945.2 149.0 63.6 2.2 35.6 2.8 1.4

1904.6 193.1 74.8 3.7 48.4 4.1 2.3

576.3 130.9 6.6 1.3 56.1 11.1 4.0

399.6 92.8 7.5 0.9 67.3 14.5 4.5

82.7 19.2 2.6 1.6 70.3 69.4 4.1

113.1 20.8 1.6 2.3 68.5 55.2 3.8

132.9 23.4 2.2 0.0 69.4 91.2 7.2

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

254


SIERRA LEONE (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

919.9 919.9 488.5 181.7 10.6 81.3 306.9 431.4 0.0 16.9 0.0 0.0

1027.7 1027.7 935.5 433.6 2.9 231.3 501.9 92.2 0.0 0.0 0.0 0.0

972.8 972.8 967.5 576.0 0.0 353.7 391.5 5.3 0.0 0.0 0.0 0.0

1327.1 1327.1 1325.5 863.6 0.0 558.6 461.9 1.6 0.0 0.0 0.0 0.0

1219.9 1219.9 1219.9 852.1 0.0 533.5 367.8 0.1 0.0 0.0 0.0 0.0

270.4 270.4 270.4 219.4 0.0 83.6 51.0 0.0 0.0 0.0 0.0 0.0

336.4 336.4 336.4 273.1 0.0 108.4 63.3 0.0 0.0 0.0 0.0 0.0

370.9 370.9 370.9 308.2 0.0 124.3 62.7 0.0 0.0 0.0 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

15.0 15.0 11.0 1.3 0.0 0.0 9.6 4.0 0.0 0.0 0.0 0.0

95.0 95.0 95.0 87.3 0.0 44.0 7.7 0.0 0.0 0.0 0.0 0.0

76.6 76.6 76.6 74.4 0.0 70.1 2.2 0.0 0.0 0.0 0.0 0.0

50.7 50.7 50.7 49.5 0.0 18.7 1.3 0.0 0.0 0.0 0.0 0.0

26.8 26.8 26.8 25.5 0.0 16.3 1.4 0.0 0.0 0.0 0.0 0.0

28.2 28.2 28.2 24.3 0.0 14.2 3.9 0.0 0.0 0.0 0.0 0.0

62.4 62.4 62.4 49.0 0.0 25.7 13.4 0.0 0.0 0.0 0.0 0.0

36.8 36.8 36.8 36.8 0.0 15.1 0.0 0.0 0.0 0.0 0.0 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

7.4 7.4 7.4 2.1 0.0 0.0 5.2 0.0 0.0 0.0 0.0 0.0

56.6 56.6 28.2 3.5 0.5 1.6 24.7 28.4 0.0 28.4 0.0 0.0

9.6 9.6 9.6 7.5 0.3 1.8 2.2 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 1.8 0.0 0.2 3.1 0.0 0.0 0.0 0.0 0.0

7.8 7.8 7.8 5.0 0.0 0.4 2.8 0.0 0.0 0.0 0.0 0.0

5.2 5.2 5.2 2.5 0.0 0.0 2.6 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.6 1.3 0.0 0.0 1.3 0.0 0.0 0.0 0.0 0.0

3.5 3.5 3.5 2.0 0.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8.9 8.9 3.7 2.1 0.0 0.0 1.5 5.2 0.0 0.0 0.0 0.0

19.8 19.8 19.8 2.9 0.3 1.6 16.9 0.0 0.0 0.0 0.0 0.0

8.9 8.9 8.9 3.5 0.0 2.3 5.4 0.0 0.0 0.0 0.0 0.0

9.1 9.1 9.1 5.9 0.0 3.5 3.1 0.0 0.0 0.0 0.0 0.0

10.4 10.4 10.4 6.5 0.0 3.5 3.9 0.0 0.0 0.0 0.0 0.0

4.5 4.5 4.5 2.8 0.0 0.6 1.7 0.0 0.0 0.0 0.0 0.0

2.9 2.9 2.9 2.1 0.0 0.7 0.8 0.0 0.0 0.0 0.0 0.0

3.5 3.5 3.5 2.4 0.0 0.8 1.1 0.0 0.0 0.0 0.0 0.0

98.6 3.0

-309.6 54.7

-70.8 56.8

-87.9 54.2

-274.2 18.0

-953.5 28.0

86.6 81.8

45.5 43.1

0.0 0.0 0.0

29.3 329.4 29.4

0.4 0.0 0.0

4.7 34.2 0.0

4.6 253.5 0.0

8.8 958.7 0.0

18.1 7.0 0.0

11.6 3.6 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

11.2 3.6

12.2 4.3

13.2 4.7

12.9 4.7

15.0 4.7

17.5 4.6

17.8 4.4

31.0 4.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Notes: Data on long-term public and publicly guaranteed debt in 2009 are World Bank staff estimates based on reports provided by the country. Data include the effects of Paris Club debt restructuring agreement signed in 2007. Data for 2007 include the effects of MDRI and HIPC debt relief, in the amount of $525,649 in thousands.

255


SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

120.5 103.2 103.2 0.0 0.7 16.6 0.1

158.7 149.1 100.3 48.8 0.0 9.7 8.4

155.4 152.1 120.7 31.5 0.0 3.2 1.8

166.5 151.2 144.2 7.0 0.0 15.3 12.3

173.5 157.9 150.9 7.0 0.0 15.6 13.6

177.3 173.9 148.1 25.9 0.0 3.4 3.4

165.9 162.8 137.1 25.8 0.0 3.1 3.1

155.9 154.4 132.9 21.5 0.0 1.5 1.5

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

0.2 103.2 0.0 2.5

11.4 100.3 48.8 12.3

3.3 120.7 31.5 4.0

11.4 144.2 7.0 0.4

13.7 150.9 7.0 0.6

13.0 148.1 25.9 0.0

9.4 137.1 25.8 0.0

8.9 132.9 21.5 0.0

External debt flows Disbursements Long-term external debt IMF purchases

5.2 5.2 0.0

11.8 11.8 0.0

3.4 3.4 0.0

5.7 5.7 0.0

5.1 5.1 0.0

24.5 24.5 0.0

1.1 1.1 0.0

13.7 13.7 0.0

Principal repayments Long-term external debt IMF repurchases

7.9 7.0 0.8

6.5 6.5 0.0

6.2 6.2 0.0

10.0 10.0 0.0

2.8 2.8 0.0

10.7 10.7 0.0

10.8 10.8 0.0

7.6 7.6 0.0

Net flows Long-term external debt Short-term external debt

13.8 -1.8 16.5

4.5 5.3 -0.8

-4.4 -2.9 -1.5

-2.3 -4.3 2.0

1.2 2.2 -1.0

11.8 13.8 -2.0

-9.7 -9.7 0.0

6.1 6.1 0.0

Interest payments Long-term external debt IMF charges Short-term external debt

3.7 3.1 0.1 0.5

1.6 1.5 0.0 0.1

2.9 2.7 0.0 0.1

4.0 3.9 0.0 0.1

1.5 1.3 0.0 0.2

3.3 3.2 0.0 0.1

4.3 4.3 0.0 0.0

2.4 2.4 0.0 0.0

10.4 0.0

2.0 0.0

13.0 0.0

18.6 0.0

34.1 0.0

64.4 0.0

94.9 0.0

117.6 0.0

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 4.8 13.1 0.0 52.0

.. 3.8 6.4 0.0 53.9

.. 3.4 2.9 0.0 67.1

7.1 2.8 0.0 0.0 73.7

7.6 2.6 0.0 0.0 73.9

9.2 0.0 0.0 0.0 75.4

7.2 0.0 0.0 0.0 78.0

7.3 0.0 0.0 0.0 77.7

2.2 17.7 11.5

3.4 18.9 3.6

0.8 40.0 10.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3.5 24.5 3.5

0.0 0.0 0.0

7.8 10.2 0.7

0.0 0.0 0.0

5.0 5.1 0.0

0.0 4.0 0.6

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

207.3 97.8 .. 163.6 2.0 -27.8 17.6

320.7 211.3 .. 239.4 6.8 8.3 15.9

435.5 128.8 4.3 176.4 8.3 -41.0 32.0

415.5 154.9 7.2 250.1 5.3 -90.2 95.4

441.8 179.6 20.4 294.9 23.6 -42.7 104.4

549.7 237.7 20.4 411.4 41.0 -80.9 119.1

551.5 289.7 20.4 524.0 103.5 -124.4 89.5

480.8 248.8 2.4 476.2 125.4 -120.8 146.0

123.2 58.1 11.8 13.8 51.0 14.6 1.3

75.1 49.5 3.8 6.1 50.1 10.0 0.8

120.6 35.7 7.1 2.1 64.6 20.6 2.2

107.5 40.1 9.1 9.2 64.3 57.3 4.6

96.6 39.3 2.4 9.0 65.6 60.2 4.2

74.6 32.3 5.9 1.9 68.6 67.1 3.5

57.3 30.1 5.2 1.8 68.5 54.0 2.1

62.7 32.4 4.0 1.0 71.5 93.6 3.7

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

256


SOLOMON ISLANDS (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

103.2 103.2 89.1 61.5 0.0 16.6 27.7 14.1 0.0 10.9 0.0 0.0

149.1 100.3 95.1 79.5 0.0 25.9 15.6 5.2 0.0 0.0 48.8 0.0

152.1 120.7 117.3 100.4 0.0 38.4 16.9 3.4 0.0 0.0 31.5 0.0

151.2 144.2 143.8 107.0 0.0 43.4 36.8 0.4 0.0 0.0 7.0 0.0

157.9 150.9 149.9 113.7 0.0 44.9 36.2 1.0 0.0 0.0 7.0 0.0

173.9 148.1 147.5 121.7 0.0 45.8 25.8 0.6 0.0 0.0 25.9 0.0

162.8 137.1 136.6 113.7 0.0 44.5 23.0 0.4 0.0 0.0 25.8 0.0

154.4 132.9 132.7 111.5 0.0 43.7 21.2 0.2 0.0 0.0 21.5 0.0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

5.2 5.2 5.2 5.2 0.0 2.5 0.0 0.0 0.0 0.0 0.0 0.0

11.8 9.1 4.8 4.8 0.0 3.2 0.0 4.2 0.0 0.0 2.8 0.0

3.4 3.4 3.4 1.4 0.0 0.6 2.0 0.0 0.0 0.0 0.0 0.0

5.7 5.7 5.3 5.3 0.0 0.9 0.0 0.4 0.0 0.0 0.0 0.0

5.1 5.1 4.4 4.4 0.0 0.3 0.0 0.6 0.0 0.0 0.0 0.0

24.5 4.5 4.5 4.5 0.0 0.0 0.0 0.0 0.0 0.0 20.0 0.0

1.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.0

13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.7 0.0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

7.0 7.0 3.9 0.5 0.0 0.0 3.4 3.1 0.0 2.7 0.0 0.0

6.5 1.8 1.3 0.6 0.0 0.1 0.7 0.5 0.0 0.0 4.7 0.0

6.2 2.7 2.7 1.1 0.0 0.2 1.6 0.0 0.0 0.0 3.5 0.0

10.0 5.8 3.2 2.0 0.0 0.8 1.2 2.6 0.0 0.0 4.2 0.0

2.8 2.8 2.8 2.1 0.0 0.9 0.6 0.1 0.0 0.0 0.0 0.0

10.7 8.3 7.9 2.6 0.0 1.0 5.3 0.4 0.0 0.0 2.4 0.0

10.8 10.8 10.7 7.8 0.0 1.0 2.8 0.1 0.0 0.0 0.0 0.0

7.6 6.5 6.3 4.6 0.0 1.1 1.7 0.2 0.0 0.0 1.1 0.0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3.1 3.1 1.6 0.6 0.0 0.1 1.0 1.5 0.0 1.2 0.0 0.0

1.5 0.9 0.8 0.5 0.0 0.2 0.3 0.1 0.0 0.0 0.6 0.0

2.7 0.8 0.8 0.7 0.0 0.3 0.1 0.0 0.0 0.0 1.9 0.0

3.9 1.7 1.7 0.8 0.0 0.3 0.9 0.0 0.0 0.0 2.3 0.0

1.3 1.3 1.3 0.8 0.0 0.3 0.4 0.0 0.0 0.0 0.0 0.0

3.2 3.2 3.2 0.9 0.0 0.3 2.3 0.0 0.0 0.0 0.0 0.0

4.3 4.3 4.3 2.8 0.0 0.4 1.5 0.0 0.0 0.0 0.0 0.0

2.4 1.8 1.8 1.0 0.0 0.3 0.8 0.0 0.0 0.0 0.5 0.0

20.5 13.8

3.8 4.5

-9.6 -4.4

-10.6 -2.3

7.1 1.2

3.8 11.8

-11.4 -9.7

-10.0 6.1

0.0 0.0 0.0

0.0 0.0 0.0

7.8 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

7.2 1.9

7.3 1.8

7.1 1.7

6.8 1.6

6.8 1.5

6.4 1.4

6.4 1.3

6.2 1.2

4.1 1.1

2.3 1.0

2.1 1.5

1.7 0.9

2.1 0.7

1.1 0.6

0.9 0.5

1.3 0.4

257


SOMALIA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

2,370 1,926 1,926 0 159 285 255

2,678 1,961 1,961 0 166 551 521

2,562 1,825 1,825 0 146 591 569

2,750 1,882 1,882 0 160 709 709

2,838 1,923 1,923 0 168 747 747

2,944 1,979 1,979 0 177 788 788

2,949 1,983 1,983 0 173 793 793

2,973 1,987 1,987 0 176 810 810

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

674 1,926 0 72

1,135 1,961 0 0

1,241 1,825 0 0

1,460 1,882 0 0

1,523 1,923 0 0

1,597 1,979 0 0

1,628 1,983 0 0

1,665 1,987 0 0

External debt flows Disbursements Long-term external debt IMF purchases

46 46 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

Principal repayments Long-term external debt IMF repurchases

5 3 3

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

Net flows Long-term external debt Short-term external debt

58 43 18

0 0 0

-7 0 -7

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

Interest payments Long-term external debt IMF charges Short-term external debt

5 4 1 0

1 0 1 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

2 0 2 0

0 0 0 0

6 ..

1 ..

0 ..

24 ..

96 ..

141 ..

87 ..

108 ..

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. 2.4 0.2 0.0 50.5

.. 3.1 0.1 0.0 50.2

.. 3.0 0.1 0.0 52.0

5.6 2.8 0.1 0.0 51.8

6.1 2.7 0.2 0.0 51.4

6.6 2.8 0.2 0.0 50.6

6.3 3.5 0.1 0.0 50.4

6.5 3.4 0.1 0.0 50.4

0.8 46.1 10.3

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

835 .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. 283.9 .. 12.0 31.8 .. ..

.. .. .. 20.6 29.4 .. ..

.. .. .. 23.1 27.7 .. ..

.. .. .. 25.8 27.5 .. ..

.. .. .. 26.3 27.4 .. ..

.. .. .. 26.8 27.5 .. ..

.. .. .. 26.9 27.2 .. ..

.. .. .. 27.2 27.1 .. ..

4. Average terms of new commitments Official creditors Interest (%) Maturity (years) Grace period (years) Private creditors Interest (%) Maturity (years) Grace period (years)

5. Major economic aggregates Gross national income (GNI) Exports of goods, services & income Worker remit. & comp. of employees Imports of goods, services & income Profit remittances on FDI Current account balance International reserves

6. Ratios External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Reserves to imports (months)

258


SOMALIA (US$ million, unless otherwise indicated)

1990

1995

2000

2005

2006

2007

2008

2009

1,926 1,926 1,889 754 0 419 1,136 37 0 0 0 0

1,961 1,961 1,924 786 0 432 1,138 37 0 0 0 0

1,825 1,825 1,792 709 0 396 1,083 33 0 0 0 0

1,882 1,882 1,846 755 0 422 1,091 35 0 0 0 0

1,923 1,923 1,886 779 0 435 1,107 37 0 0 0 0

1,979 1,979 1,940 808 0 448 1,132 38 0 0 0 0

1,983 1,983 1,946 803 0 446 1,143 37 0 0 0 0

1,987 1,987 1,950 805 0 448 1,145 38 0 0 0 0

Disbursements Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

46 46 46 46 0 35 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

3 3 3 3 0 2 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

4 4 4 4 0 3 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

211 58

62 0

-44 -7

-98 0

87 0

106 0

5 0

24 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

7. Long-term external debt Debt outstanding and disbursed Public and publicly guaranteed Official creditors Multilateral of which: IBRD IDA Bilateral Private creditors of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

8. Debt stock-flow reconciliation Total change in external debt stocks Net flows on external debt

9. Debt restructurings Total amount rescheduled Total amount forgiven Debt buyback

10. Contractual obligations on outstanding long-term external debt Official creditors Principal Interest Private creditors Principal Interest

2010

2011

2012

2013

2014

2015

2016

2017

35 7

35 6

32 6

32 5

33 5

28 4

28 4

28 4

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Data on long-term public and publicly guaranteed debt for 2009 are World Bank staff estimates based on the original terms of the loans.

259


SOUTH AFRICA (US$ million, unless otherwise indicated) 1990

1995

2000

2005

2006

2007

2008

2009

External debt stocks Long-term external debt Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term external debt interest arrears on long-term

.. .. .. .. 0 .. ..

25,358 14,772 9,837 4,935 913 9,673 0

24,861 15,308 9,088 6,220 0 9,553 0

31,070 21,360 15,633 5,727 0 9,710 0

35,523 20,263 13,914 6,349 0 15,260 0

43,610 27,052 14,101 12,951 0 16,558 0

41,943 24,006 13,173 10,833 0 17,937 0

42,101 28,827 15,063 13,764 0 13,274 0

Memorandum items Principal arrears on long-term Long-term public sector debt Long-term private sector debt Public & publicly guaranteed commitments

.. .. .. ..

0 9,837 4,935 3,225

0 8,054 7,254 2,223

0 15,633 5,727 2,270

0 13,914 6,349 1,876

0 14,101 12,951 1,870

0 13,173 10,833 608

0 15,063 13,764 5,715

External debt flows Disbursements Long-term external debt IMF purchases

.. .. 0

3,549 3,549 0

3,611 3,611 0

5,641 5,641 0

4,877 4,877 0

8,727 8,727 0

1,263 1,263 0

5,987 5,987 0

Principal repayments Long-term external debt IMF repurchases

.. .. 0

2,070 2,070 0

2,609 2,609 0

2,034 2,034 0

3,831 3,831 0

3,353 3,353 0

2,789 2,789 0

1,984 1,984 0

Net flows Long-term external debt Short-term external debt

.. .. ..

3,412 1,478 1,934

-260 1,002 -1,262

5,408 3,607 1,801

6,597 1,047 5,550

6,672 5,374 1,298

-147 -1,526 1,379

-660 4,003 -4,663

Interest payments Long-term external debt IMF charges Short-term external debt

.. .. 0 ..

1,320 855 50 415

1,252 743 0 509

1,198 846 0 352

1,639 1,183 0 456

1,911 1,330 0 581

1,765 1,248 0 517

1,605 1,136 0 468

.. ..

1,248 2,914

969 4,169

6,522 7,230

-184 14,959

5,737 8,670

9,645 -4,707

5,628 9,357

1. Summary external debt data

2. Other non-debt resource inflows Foreign direct investment Portfolio equity

3. Currency composition of public and publicly guaranteed debt (%) Euro Japanese yen Pound sterling Swiss franc U.S.dollars

.. .. .. .. ..

.. 3.0 0.0 0.0 90.6

.. 3.8 0.0 0.0 92.0

13.3 0.0 0.0 0.0 85.0

30.9 0.0 0.0 0.0 67.1

26.7 0.0 0.0 0.0 71.4

21.6 0.0 0.0 0.0 76.6

19.6 0.0 0.0 0.0 79.1

.. .. ..

0.0 0.0 0.0

5.9 12.3 4.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1.9