Page 1

T H E

GDF 2012 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 2012 on CD-ROM and the World Bank open databases, which contain more than 200 time series indicators, covering the years 1970 to 2010 for most reporting countries, and pipeline data for scheduled debt service payments on existing commitments to 2018.

World Bank open databases are available through the World Bank’s website, http:// www.worldbank.org. The Little Data Book on External Debt 2012 provides a quick reference to the data from GDF 2012. For more information on the GDF database, CD-ROM, and print publications go to http://publications. worldbank.org/ecommerce/. Global Development Finance 2012: 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 indispensible resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community.

Further details about the GDF 2012 can be found at http://data.worldbank.org/. For general and ordering information, please visit the World Bank’s publications Web site at http://publications.worldbank.org/, e-mail books@worldbank.org, or call 703-661-1580; within the United States, please call 1-800-645-7274.

DOI: 10.1596/978-0-8213-8997-3

BANK

SKU: 18997

WORLD

eISBN: 978-0-8213-9453-3

THE

ISBN: 978-0-8213-8997-3

B A N K

Global Global Development Development Finance Finance External Debt of Developing Countries

2012

THE WORLD BANK 1818 H Street, NW Washington, DC 20433 USA Telephone: 202 473-1000 Web: data.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 long term 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 2012. Text providing country notes, definitions, and source information is linked to each table.

External Debt of Developing Countries

lobal Development Finance 2012: 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 2012 provides statistical tables showing the external debt of 129 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

2012


Global Development Finance External Debt of Developing Countries


Global Development Finance External Debt of Developing Countries

2012


Š 2012 International Bank for Reconstruction and Development / International Development Association or

The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org

1 2 3 4 14 13 12 11 This volume is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of The World Bank, its Board of Executive Directors, 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 judgment 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 (paper): 978-0-8213-8997-3 ISBN (electronic): 978-0-8213-9453-3 DOI: 10.1596/978-0-8213-8997-3


Table of Contents

Preface

vii

Acknowledgments

ix

Overview Developing Countries’ Debt Stocks and Flows 2010 Recent Trends in Debt Flows External Debt Burden of Developing Countries—Selected Indicators Trends in Equity Flows 2010 Regional Developments and Trends Annex A. Trends in IBRD and IDA Financing to Developing Countries in 2010

1 1 4 9 10 14

21

Summary Tables

25

Regional and Income Group Aggregate Tables

39

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

59 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94

Burundi 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

96 98 100 102 104 106 108 110 112 114 116 118 120 122 124 126 128 130 132 134 136 138 140 142 144 146 148 150 152 154 156 158 160 162 164 166 168 170


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 2

Jordan Kazakhstan Kenya Kosovo Kyrgyz Republic Lao People’s Democratic Republic Latvia 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

172 174 176 178 180 182 184 186 188 190 192 194 196 198 200 202 204 206 208 210 212 214 216 218 220 222 224 226 228 230 232 234 236 238 240 242 244 246 248 250 252

vi

Senegal Serbia 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

254 256 258 260 262 264 266 268 270 272 274 276 278 280 282 284 286 288 290 292 294 296 298 300 302 304 306 308 310 312 314 316

About the Data Data Sources Methodology External Debt and Its Components Sources of the Macroeconomic Indicators

319 319 320 322 325

Country Groups

327

Glossary

329

Users’ Guide

333


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 publicand 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 and welcome your comments and suggestions to ensure that it meets 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 Neil James Fantom, and comprising Nanasamudd Chhim, Akane Hanai, Wendy Huang, Hiroko Maeda, Gloria Moreno, Evis Rucaj, Yasue Sakuramoto, Rubena Sukaj, and Alagiriswamy Venkatesan, working closely with other teams in the Development Economics Vice Presidency’s Development Data Group. The team was assisted by Awatif H. Abuzeid and Elysee Kiti. The system support team was led by Abdolreza Farivari. The Migration and Remittances unit provided worker remittances and compensation of employee data. The overview of

current developments was prepared by Malvina Pollock and reviewed by Eric Swanson in consultation with the staff of DECDG; country economists reviewed the data tables. The work was carried out under the management of Shaida Badiee. Valuable advice was provided by Shahrokh Fardoust. The production of this volume was managed by Azita Amjadi and Alison Kwong. The online database was prepared by Shelley Fu and William Prince, with technical support from Ramgopal Erabelly and Malarvizhi Veerappan. Mobile apps production was coordinated by Vilas K. Madlekar and Parastoo Oloumi. The cover was designed by Jomo Tariku. Staff members from External Affairs, Office of the Publisher, coordinated the publication and dissemination of the book.


.

Overview

T

he data and analysis presented in this edition of Global Development Finance are based on actual flows and debt related transactions for 2010 reported to the World Bank Debtor Reporting System (DRS) by 129 developing countries. The reports confirm that in 2010 international capital flows to developing countries surpassed preliminary estimates and returned to their pre-crisis level of $1.1 trillion, an increase of 68 percent over the comparable figure for 2009. Private capital flows surged in 2010 driven by a massive jump in short-term debt, a strong rebound in bonds and more moderate rise in equity flows. Debt related inflows jumped almost 200 percent compared to a 25 percent increase in net equity flows. The rebound in capital flows was concentrated in a small group of 10 middle income countries where net capital inflows rose by an average of nearly 80 percent in 2010, almost double the rate of increase (44 percent) recorded by other developing countries. These 10 countries accounted for 73 percent of developing countries GNI, and received 73 percent of total net capital flows to developing countries in 2010.

Developing Countries’ Debt Stocks and Flows 2010

T

he combined stock of developing countries’ external debt rose $437 billion to $4 trillion at end in 2010, reflecting net debt inflows of $495 billion, the downward effect of the year on year appreciation, vis-à-vis the US dollar, of foreign currencies in which around 30 percent of developing countries external debt is denominated, and debt forgiveness. Short term was the fastest growing component, rising by 34 percent in 2010 as

compared to a 6 percent increase in the stock of outstanding long term external debt. Most short term debt was trade related and, measured against developing countries’ imports it increased only marginally, to 17 percent compared to 16 percent in 2009. The stock of long term debt at end 2010 was fairly evenly divided between publicly guaranteed debt, 54 percent, and debt owed to private non-guaranteed borrowers, 46 percent, although the former rose twice as fast as the later in 2010, by 8 percent as compared to 4 percent. Developing countries’ debt stock remained moderate, an average of 21 percent of gross national income (GNI) and 69 percent of export earnings and risks associated with the fact that short term debt constituted 25 percent of debt stock at end 2010 were mitigated by international reserves. The global economic crisis forced some developing countries to draw down international reserves but, in aggregate, developing countries recorded an accumulation of international reserves since the onset of the crisis: equivalent to 137 percent of external debt stock at end 2010 (table 1). International capital flows rose by 68 percent to $1.1 trillion in 2010, equivalent to their 2007 pre-crisis level. Measured in relation to developing country gross national income (GNI), the increase in net capital flows was less striking: from 4.1 percent of GNI in 2009 to 5.8 percent in 2010 but well short of their 8.1 percent ratio in 2007. Debt flows from private creditors were close to five times their 2009 level, driven by a massive jump in short-term debt and a strong rebound in bond issuance by public and private sector borrowers. Foreign direct investment and portfolio flows were up by 27 percent and 18 percent, respectively, bringing total private equity flows to $635 billion in 2010, only slightly below their 2007 all-time


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 2

Table 1. External Debt Stock of Developing Countries and Select Ratios, 2005–10 $ billions 2005

2006

2008

2009

2010

2,514.1

2,675.3

2,013.2

2,081.5

3,220.5

3,499.2

3,639.6

4,076.3

2,456.5

2,739.7

2,866.4

1,332.1

3,039.9

1,266.2

1,371.3

1,423.2

1,530.4

1,647.2

Private nonguaranteed Short-term external debt

681.1

815.4

1,085.1

1,316.5

1,336.0

1,392.7

500.8

593.8

764.0

759.5

773.2

1,036.4

External debt outstanding to GNI (%)

26.6

23.9

23.2

21.0

22.4

21.0

External debt stocks to exports (%)

75.9

66.1

65.6

59.3

77.0

68.7

Reserves to external debt outstanding (%)

78.7

97.8

114.9

118.7

132.9

137.1

Short term debt to imports (%)

15.3

15.2

16.0

13.0

16.2

17.2

Total External Debt Outstanding Long-term (including IMF) Public and publicly guaranteed (including IMF)

2007

Ratios

Sources: World Bank Debtor Reporting System and International Monetary Fund.

high of $667 billion. The net inflow of debt related financing from official creditors (excluding grants) declined by 11 percent, with those from the IMF down almost 50 percent from their 2009 level. By contrast, support from IBRD continued its upward trajectory with net inflows rising by a further 45 percent in 2010. Net inflows from other official creditors in 2010 held steady at their 2009 level (table 2). The 2010 increase in net capital flows was accompanied by marked change in composition between equity and debt related flows. Over the past decade net equity flows to developing countries have consistently surpassed the level of debt related flows, reaching as high as 97 percent of aggregate net capital flows in 2002 and accounting for 75 percent of them ($509 billion) in 2009. However, periods of rapid increase in capital flows have often been marked by a reversal from equity to debt. For example, in 2007, when net capital flows increased by 65 percent, to $1,133 billion, the main driver was the 80 percent rise in debt related flows from private creditors (mostly to private sector corporate borrowers in developing countries) and not the more moderate, 35 percent rise in equity inflows. A similar pattern occurred in 2010 when net financing by private creditors, albeit largely of a short-term nature, fueled the rise in net capital flows (figure 1). Capital flows to developing countries are heavily concentrated in the 10 middle-income countries, namely those with the largest external debt stock at end 2010, referred to hereafter as the top 10 borrowers. Over the past decade, the

2

top 10 borrowers have commanded on average 70 percent of the annual aggregate net capital inflows to all developing countries and they have received a much larger share of net equity inflows than other developing countries (figure 2). In 2010 net capital inflows to the top ten borrowers increased by an average of almost 80 percent compared to only 44 percent for all other developing countries combined. Net debt inflows rose to $359 billion, almost double the amount going to the other 119 developing countries and equity inflows increased by 30 percent compared to a 16 percent rise for other developing countries. China alone received 30 percent of the aggregate net capital inflows to all developing countries in 2010 while the combined share of the so-called BRICs (Brazil, the Russian Federation, India, and China) was 58 percent. Together the BRICs accounted for almost 40 percent, and the top ten borrowers for 64 percent of the end 2010 external debt stock owed by all developing countries (table 3). At the regional level, East Asia and the Pacific saw the most pronounced rise in the net inflows in 2010: combined debt and equity flows increased by 90 percent, to $447 billion, dominated by the 52 percent rise in equity and 178 percent rise in debt flows to China. In Latin America and the Caribbean net capital inflows were up 83 percent over their 2009 level, underpinned by a rebound in FDI inflows and a threefold jump in debt related flows; the latter driven by a 20 percent rise in net inflows from official, largely multilateral, creditors, and a rapid rise in net medium- and short-term


O V E R V I E W

Table 2. Net Capital Flows to Developing Countries, 2001–10 $ billions 2001

Net private and official inflows

2002

2003

2004

2005

2006

2007

2008

2009

2010

1129.7

212.6

168.4

261.7

347.3

519.7

686.5

1133.2

835.2

674.9

3.7

2.9

3.9

4.4

5.5

6.1

8.1

5.0

4.1

5.8

Net equity inflows

165.5

163.3

179.2

245.5

382.0

495.2

667.1

570.7

508.7

634.5

Net FDI inflows

158.9

155.0

152.8

208.5

314.5

387.5

534.1

624.1

400.0

506.1

6.7

8.3

26.3

36.9

67.5

107.7

133.0

–53.4

108.8

128.4

47.1

5.1

82.5

101.9

137.7

191.2

466.1

264.4

166.2

495.2

Official creditors

30.9

6.9

–12.0

–24.3

–64.3

–69.0

1.5

29.5

80.5

71.2

World Bank

7.4

–0.5

–2.6

2.4

2.6

–0.3

5.2

7.2

18.3

22.4

19.5

14.2

2.4

–14.7

–40.2

–26.7

–5.1

10.8

26.8

13.8

Other official

4.1

–6.7

–11.7

–11.9

–26.8

–42.0

1.5

11.5

35.4

35.0

Private creditors

16.1

–1.8

94.5

126.1

202.0

260.2

464.6

234.9

85.7

424.0

Percent of GNI

Net portfolio equity inflows Net debt flows

IMF

Net medium and long term debt flows

–3.5

–3.8

36.3

73.2

120.4

164.9

296.3

239.3

70.9

155.5

Bonds

15.7

11.1

23.1

33.9

49.4

34.3

91.7

26.7

51.1

111.4

Banks and other private

–19.2

–15.0

13.2

39.3

71.1

130.6

204.7

212.5

19.8

44.1

Net short term debt flows

19.6

2.0

58.2

52.9

81.6

95.3

168.3

–4.4

14.7

268.5

Change in reserves (– = increase)

–81.8

–165.4

–288.4

–395.7

–405.1

–636.9

–1085.3

–452.5

–681.9

–752.0

Memorandum items Official grants excluding tech cooperation

28.4

33.9

44.5

52.2

57.1

107.2

76.4

85.8

87.5

90.0

Workers remittances

90.1

108.2

134.6

155.6

187.0

221.6

276.4

322.9

306.3

319.6

Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organization for Economic Co-operation and Development. Official grants data for 2010 are World Bank estimates.

Figure 1. Net Capital Flows to Developing Countries, Equity and Debt-Related Flows, 2001–10 percent 100 90 80 70 60 50 40 30 20 10

0

9

20 1

8

20 0

7

20 0

6

20 0

5

Net debt inflows

20 0

4

20 0

3

20 0

2

20 0

20 0

20 0

1

0

Net equity inflows

Sources: World Bank Debt Reporting System; International Monetary Fund; and World Bank estimates.

financing from private creditors to Brazil and Mexico. After a precipitous fall in 2009, net flows to countries in Europe and Central Asia bounced back, rising by 66 percent in 2010 on the back of higher short-term debt related flows from private creditors and bond issuance by public sector and corporate borrowers. Net inflows to countries in South Asia and Sub-Saharan Africa rose 30 percent and 15 percent, respectively, over the previous year. In South Asia, this was due to a rapid (92 percent) escalation in portfolio flows to India and net debt inflows of $35 billion from private creditors. In Sub-Saharan Africa, a 33 percent increase in net debt inflows on loans from official creditors and a resumption of short-term debt inflows, $1.5 billion in 2010 compared to an outflow of $10 billion in 2009, were in part offset by a 14 percent fall in net equity inflows. The Middle East and North Africa was the only developing region where net inflows declined in 2010 with increased bond issuance not enough to offset a halving of net

3


D E V E L O P M E N T

F I N A N C E

2 0 1 2

debt inflows from official creditors and a 16 percent fall in equity flows (table 4). See the section entitled “Regional Developments and Trends” for a more extensive discussion on the composition of debt and equity flows to each region. Figure 2. Aggregate Net Inflows to Top Ten Borrowers and Other Developing Countries, 2000–10 percent 120 100 80 60 40 20 0

Recent Trends in Debt Flows

N

et debt related flows soared in 2010, rising by close to 200 percent to $495 billion from $167 billion in 2009. In the process, the composition changed markedly in terms of both creditor and the category of borrowers to which flows were directed. In terms of creditor, financing from official creditors declined, largely as a consequence of the sharp fall in developing countries’ purchases (equivalent to loan disbursements) from the IMF. Official creditors’ share of total net debt related flows fell to 14 percent in 2010, compared to 49 percent in 2009. In contrast the net inflow from private creditors rose to $424 billion, close to five times its 2009 level (figure 3a). Viewed from the borrower perspective, it was private sector borrowers that saw net inflows rebound in 2010 to $353 billion, a ninefold increase from 2009. In contrast net inflows to public and publicly guaranteed borrowers rose only 12 percent in 2010 and their share of total net debt related flows fell to 29 percent from 76 percent in 2009 (figure 3b).

Slowdown in Financing from Official Bilateral and Multilateral Creditors

20 10

09 20

08 20

07 20

06 20

05 20

00

–20

20

G L O B A L

Net inflows of capital from official creditors in the form of concessional and non-concessional loans fell 11 percent in 2010 to $71 billion with a shift in composition between multilateral and bilateral creditors: the share of the former fell to 83 percent (from 92 percent in 2010) as the

Debt inflows, other developing countries Equity inflows, other developing countries Debt inflows, top ten countries Equity inflows, top ten countries Source: World Bank Debtor Reporting System.

Table 3. Top Ten Borrowers—External Debt Stock, 2010, and Net Inflows, 2009–10 $ billions External debt stock end 2010 Country

Amount

Net inflow 2009

% of total

Total

Net inflow 2010

Debt

Equity

Total

Debt

Equity

% change in net flow 2010

% of total net flow 2010

China

548.6

13.5

185.9

43.5

142.4

337.3

120.9

216.4

81.4

Russian Federation

384.7

9.4

20.8

–19.1

39.9

52.1

14.0

38.1

150.5

4.6

Brazil

347.0

8.5

93.4

30.4

63.0

164.6

78.5

86.1

76.2

14.6

Turkey

293.9

7.2

–2.6

–13.8

11.2

40.4

27.7

12.7

–1653.8

3.6

India

290.3

7.1

75.1

18.4

56.7

102.7

38.6

64.1

36.8

9.1

Mexico

200.1

4.9

28.4

8.9

19.5

48.7

29.4

19.3

71.5

4.3

Indonesia

179.1

4.4

20.3

14.6

5.7

29.9

14.5

15.4

47.3

2.6

Argentina

127.9

3.1

1.5

–2.3

3.8

23.2

17.1

6.1

1446.7

2.1

Romania

121.5

3.0

17.9

13.0

4.9

13.7

10.2

3.5

–23.5

1.2

Kazakhstan Total top 10 borrowers

29.9

118.7

2.9

22.6

8.8

13.8

17.8

7.7

10.1

–21.2

1.6

2611.8

64.1

463.1

102.3

360.8

830.4

358.5

471.9

79.3

73.5

Other developing countries

1464.5

35.9

211.8

63.9

147.9

299.3

136.7

162.6

41.3

26.5

All developing countries

4076.3

100.0

674.9

166.2

508.7

1129.7

495.2

634.5

67.4

100.0

Source: World Bank Debtor Reporting System.

4


O V E R V I E W

Table 4. Net Capital Flows to Developing Regions, 2005–10 $ billions 2005

2006

2007

2008

2009

2010

519.7

686.5

1,133.2

835.2

674.9

1,129.7

East Asia and the Pacific

209.0

238.6

301.6

211.7

235.3

447.1

Europe and Central Asia

135.3

248.9

424.1

313.0

104.0

172.8

Latin America and the Caribbean

93.8

68.7

208.3

181.9

173.7

318.6

Middle East and North Africa

19.4

14.5

29.6

21.0

29.2

26.2

South Asia

28.7

77.1

116.3

64.8

86.2

111.6

Sub-Saharan Africa

33.6

38.7

53.4

42.6

46.4

53.4

Net private and official inflows by region:

Sources: World Bank Debtor Reporting System.

net inflow from bilateral creditors continued its upward trajectory (table 5). For much of the past decade flows from bilateral creditors have been negative, a consequence of large payments, and in some instances pre-payments, by a number of middle-income countries on debt restructuring agreements concluded in prior years with Paris Club creditors. Additionally it reflects the fact that most OECD countries provide 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. In 2009 the net inflow on loans from bilateral creditors turned sharply positive and they rose by a further 76 percent in 2010, driven by the emergence of a new, and important, group of bilateral creditors, in particular China. The 20 percent decline in the net inflow on loans from multilateral institutions in 2010 resulted almost entirely from the precipitous drop in developing countries’ net new purchases from the IMF which more than offset the 45 percent rise in the net inflow on loans from IBRD. Although in aggregate net financing from the IMF in 2010 was broadly the same as in 2009, around SDR 20 billion, much of it was directed at high-income countries outside the scope of the World Bank Debtor Reporting System. When the IMF is excluded, net financing from multilateral institutions was down by only 3 percent from its 2009 level. Since the onset of the most recent global economic crisis countries in Europe and Central Asia and Latin America and the Caribbean have commanded the lion’s share of net loan inflows from official creditors. They received 39 percent and 25 percent, respectively, of the $181 billion in aggregate net inflows on loans from official

creditors in 2008–10. South Asia and SubSaharan Africa each received around 15 percent of the total and only a negligible 5 percent went to countries in East Asia and the Pacific and the Middle East and North Africa. Gross disbursements from multilateral institutions, (defined as IMF purchases and disbursements on loans from multilateral creditors) increased by 120 percent between 2007 and 2009. The dominant factor behind this rapid rise was member countries’ purchases from the IMF; which rose fourteen fold to $27 billion in 2009 (from $2 billion in 2007). Disbursements from IBRD and IDA rose 73 percent over this period, and this pattern was mirrored in the increased level of lending by regional development banks—collectively their disbursements rose 59 percent from 2007 to 2009. In 2010 there was sharp reversal of the upward trend although IBRD registered a 19 percent increase in gross loan disbursements. (See Annex A for more information on IBRD and IDA financing in 2010). In contrast IMF purchases dropped 41 percent and gross disbursements from other multilateral institutions were down by 9 percent over the previous year. Gross disbursements on loans from bilateral creditors rose by 70 percent between 2007 and 2009 and, in contrast to multilateral flows, continued on an upward trend in 2010, rising by a further 23 percent to $34 billion, equivalent to almost 30 percent of 2010 gross flows from official creditors (figure 4). Intra-developing country lending, or so-called South-South flows have been a driving force behind the rise in lending by bilateral creditors and new commitments, a leading indicator of the level of future disbursements, suggests it continue to accelerate. Between 2007 and 2010 bilateral creditors signed

5


D E V E L O P M E N T

F I N A N C E

2 0 1 2

Figure 3. Net Debt Flows by Creditor and Borrower Type, 2001–10 a. By creditor type $ billions 500 400 300 200 100 0

10

09

20

08

20

07

20

06

Official creditors

20

05

20

04

20

03

20

02

20

20

20

01

–100

Private creditors

b. By borrower type $ billions 500

400

300

200

100

0

10

09

20

20

07 20 08

20

05 20 06

04

20

20

20 03

20 02

–100

20 01

G L O B A L

Private sector nonguaranteed borrowers Public and publicly guaranteed borrowers Source: World Bank Debtor Reporting System.

new loan agreements totaling around $135 billion of which China alone accounted for close to one third. Most bilateral loans are for the financing of large infrastructure projects.

Resurgence of Lending by Private Creditors in 2010 Net debt inflows from private creditors rose more rapidly than any other category of capital flows to developing countries in 2010. They surged to

6

$424 billion, from $86 billion in 2009, only 10 percent below their pre-crisis peak in 2007. Net medium-term financing rose 119 percent in 2010, underpinned by strong inflows on bonds which more than doubled, to $111 billion, on the back of resurgence in new issuance by public and private sector borrowers. There were also several new entrants to the international capital market in 2010, including Albania, Belarus, Georgia, Jordan, Montenegro, and Vietnam. Net inflows from banks and other private institutions showed signs of recovery, rising by 123 percent, to $44.1 billion, albeit from a relatively low base, $19.8 billion in 2009. It was however, short-term, trade related, debt inflows that were dominant, accounting for 65 percent net inflows from private creditors in 2010. They soared to an all-time high of $269 billion, a massive jump over the $14 billion recorded in 2009 and 60 percent higher than their previous, pre-crisis high of $168 billion in 2007 (figure 5). The rise in short term debt mirrored the upsurge in imports by developing countries which increased by 27 percent in US dollar terms in 2010 to $6 trillion, and closely correlated with the strong rebound in growth in the largest emerging markets. Short term inflow to the top ten borrowers was $220 billion, 80 percent of the total inflow of $269 billion in 2010: half of this went to China where imports rose 34 percent in US dollar terms in 2010. All regions recorded positive short term debt inflow in 2010, but the primary recipients were the East Asia and Pacific and Latin America and the Caribbean regions, which accounted for 53 percent and 25 percent respectively of total short-term debt inflows to developing countries in 2010. There was a marked turnaround in Europe and Central Asia, where net inflows rose to $46 billion, from an outflow of $38 billion in 2009, driven by renewed trade flows to Russia and Turkey and, to a lesser extent, Ukraine (table 6). China accounted for 75 percent of net short-term debt inflow to the East Asia and Pacific region, Argentina, Brazil, and Mexico for 86 percent of inflow to Latin America and the Caribbean, and Turkey for 62 percent of that to Europe and Central Asia. Both public and private sector borrowers benefitted from the recovery in medium term financing from banks and other financial institutions, often export or project related financing benefitting from the guarantee of an export credit


O V E R V I E W

Table 5. Net Official Loan Financing to Developing Countries, 2001–10 $ billions 2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Total official creditors

30.9

6.9

–12.0

–24.3

–64.3

–69.0

1.5

29.5

80.5

71.2

Bilateral

–3.6

–8.2

–13.8

–12.2

–31.7

–45.8

–10.6

–1.9

6.7

11.9

Multilateral

34.5

15.2

1.8

–12.1

–32.6

–23.2

12.1

31.4

73.7

59.4

2.4

–6.0

–7.7

–4.0

–3.0

–5.3

–0.4

2.7

11.8

17.1

of which IBRD IDA

5.0

5.5

5.0

6.4

5.6

5.0

5.5

4.6

6.5

5.3

IMF

19.5

14.2

2.4

–14.7

–40.2

–26.7

–5.1

10.8

26.8

13.8

..

0.3

0.4

1.1

1.2

1.2

1.9

2.1

2.5

2.2

Memorandum item: IDA grants

Sources: World Bank Debtor Reporting System and Organisation for Economic Co-operation and Development.

Figure 4. Gross Inflows from Bilateral and Multilateral Creditors to Developing Countries, 2005–10 $ billions

Figure 5. Net Private Debt Flows by Creditor Type, 2001–10 $ billions 300

45

250

40 35

200

30

150 25

100

20 15

50

International Monetary Fund International Bank for Reconstruction and Development International Development Association Other multilateral Bilateral

10

09

20

08

20

07

20

06

20

05

20

04

20

03

20

20

01

20

20

10 20

09 20

20

20

20

20

08

–50

07

0

06

0

05

5

02

10

Bonds Banks and other private Net short-term debt flows Source: World Bank Debtor Reporting System.

Source: World Bank Debtor Reporting System.

agency. Net inflow to public sector borrowers almost doubled in 2010, from $10 billion to $19.5 billion, while those to private sector borrowers, $24.6 billion, were 60 percent higher than in 2009, but still only around 20 percent of their peak 2007 level. The upturn in net inflow was fueled by a 20 percent rise in gross disbursements in 2010 to $350 billion, a marked turnaround from the 38 percent decline in comparable disbursements recorded in 2009. Consistent with the pattern of the past decade in volume terms

gross disbursements to private sector borrowers far outweighed those to public sector borrowers: $300 billion, equivalent to 85 percent of the 2010 total. Maturities on medium-term bank loans typically average 5 years and, consequently, the large volume of gross disbursements to private sector borrowers has been accompanied by a rapid escalation in principal repayments. They increased to $276 billion in 2010 triple their 2000 level (figure 6). A combination of favorable pricing conditions and investors’ continued search for yield led to a record level of activity in international bond

7


D E V E L O P M E N T

F I N A N C E

2 0 1 2

Table 6. Net Short-Term Debt Flows to Developing Countries, 2007–10 $ billions 2007

2008

East Asia and the Pacific

52.1

Europe and Central Asia

72.5

Latin America and the Caribbean Middle East and North Africa South Asia Sub-Saharan Africa

2009

2010

–11.4

63.5

141.5

–6.9

–38.5

45.5

23.0

5.7

–4.5

67.2

3.5

–4.2

1.6

1.1

12.9

7.9

2.6

11.7

4.3

4.5

–9.9

1.5

All developing Countries

168.3

–4.4

14.7

268.5

Top ten borrowing countries

100.9

–13.9

27.1

220.3

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

Figure 6. Gross Medium-Term Commercial Bank Flows to Developing Countries, 2000–10 $ billions 500 450 400 350 300 250 200 150 100 50

to almost 50 percent, up from 35 percent in 2009 (table 7). Countries in Europe and Central Asia led the way in sovereign and public sector bond issues. They raised a total of $32 billion in international bond markets in 2010, more than double the $15 billion issued in 2009, including debut issues totaling $3.6 billion by Albania, Belarus, Georgia, Jordan and Montenegro. The Russian government returned to the markets for the first time since 1998 with a $5.5 billion 5 and 10 year note and Ukraine came back to the Eurobond market for the first time since 2007 with $1.5 billion 10 year note and a $0.5 billion 5 year issue. Sovereign bond issuance jumped significantly in the Middle East and North Africa, where in addition to Lebanon, Egypt, Jordan, and Morocco came to the market in 2010. In South Asia public sector borrowers in India accounted for most of the sharp increase, but Sri Lanka returned to the market in October 2010 with a $1 billion 10 year sovereign bond issue. Latin America and the Caribbean region led corporate bond issuances, accounting for 62 percent of corporate bond issuances by all developing countries in 2010. The private sector in Brazil was the dominant player: with total issuances of $32 billion of which around half were placed by the financial sector and the other half by large Brazilian companies, including Telemar Norte Leste ($1.1 billion) and Vale ($1.8 billion) the world’s largest exporter of iron ore. In Mexico corporate bond issuances rose to $11 billion (from $5 billion in 2009), while in

10 20

09 20

08 20

07 20

06 20

05 20

00

0

20

G L O B A L

Gross disbursements, public borrowers

Table 7. Bond Issuances by Developing Countries, 2009–10

Gross disbursements, private sector borrowers

$ billions

Principal payments, public borrowers

Sovereign borrowers

Principal payments, private sector borrowers

2009

Source: World Bank Debtor Reporting System.

issuances by emerging markets in 2010. New issues by sovereigns, public sector, and corporate borrowers combined rose to $173 billion, an increase of 62 percent over 2009 and 8 percent above their 2007 pre-crisis level. The main driver was issuances by corporate borrowers in developing countries, which increased by 130 percent in 2010 and brought their share of total 2010 bond issuances

8

Corporate borrowers

2010

2009

2010

East Asia and the Pacific

13.9

12.9

2.7

15.3

Europe and Central Asia

15.3

32.0

3.2

16.5

Latin America and the Caribbean

32.5

22.4

28.6

53.0 0.0

Middle East and North Africa

2.9

5.5

0.2

South Asia

2.3

12.1

2.5

1.3

Sub-Saharan Africa

2.2

2.0

0.0

0.0

All developing countries

69.1

86.9

37.2

86.1

Top ten borrowers

35.2

48.5

30.7

73.8

Source: World Bank Debtor Reporting System.


O V E R V I E W

Figure 7. Key Debt Indicators: Trend 2000–10 percent 140 120 100 80 60 40 20

20 10

20 09

20 08

07 20

20

06

0

05

oncomitant with the rise in debt related inflows in 2010 the combined stock of developing countries’ external debt increased by 12 percent from $3,640 billion to $4,076 billion. At the regional level there were marked differences with the outstanding obligations of countries in East Asia and the Pacific rising by, on average, 21 percent, while those of countries in the Middle East and North Africa increased by only 2 percent over the prior year’s level. Rising external debt stocks do not necessarily translate into an increased debt burden. That will also depend on the extent to which with the rate of growth of income and export earnings outpaces the accumulation of new external obligations. Developing countries external debt indicators, measured in terms of gross national income (GNI) and export earnings, improved markedly from 2000 to 2008. Export earnings rose sharply due to increased export volume and the high international prices for primary commodities and the rotation of international capital flows from debt to equity and, in the case of low-income countries, large scale forgiveness of external debt obligations in the context of the HIPC and MDRI also played an important role in reducing external debt burdens. Total external debt outstanding for all developing countries reporting to the World Bank Debtor Reporting System measured as a ratio of exports, was 59.3 percent in 2008, less than half the 128.5 percent recorded in 2000. Measured against developing countries’ GNI, it dropped from 37.8 percent to 21 percent over the same period. The past two years have been something of a roller-coaster. In 2009 sharply reduced developing countries’ exports, down almost 20 percent

20

C

00

External Debt Burden of Developing Countries—Selected Indicators

from their 2008 level, combined with increased external borrowing to finance current account deficits and fiscal stimulus measures, pushed the ratio of total external debt outstanding to exports back up to 77 percent, its highest level since 2005. The ratio of outstanding external debt to GNI also rose, reflecting the 2 percent decline in developing countries’ combined GNI. In 2010 the rapid rebound from the global economic crisis by many developing countries pushed GNI up by an average of 20 percent while their combined export earnings rose by 26 percent with concomitant improvement in the ratio of debt to GNI and to export earning to 21 percent and 69 percent, respectively, for all developing countries combined (figure 7). At the regional level an improvement in the ratio of external debt to export earnings in 2010 was recorded by all six regions, but the ratio remains above its 2008 level. With the exception of East Asia and Pacific, all regions also saw an improvement in the ratio of external debt to GNI in 2010 and in two regions, Middle East and North Africa and South Asia, it was lower than in 2008. East Asia and Pacific has the lowest debt

20

Peru they rose to $3 billion, three times the level of the previous year, with both Peruvian banks and companies active in the Eurobond markets. In East Asia and the Pacific region and Europe and Central Asia the major players were Chinese and Russian corporations, which each raised $12 billion in 2010. Power and construction companies were the big borrowers in China. In Russia blue chip companies like steelmaker Severstal, shipbuilder Sovcomflot, and banks like Alfa Bank led the way.

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Sources: World Bank Debtor Reporting System and the International Monetary Fund.

9


D E V E L O P M E N T

F I N A N C E

2 0 1 2

burden measured against both GNI and export earnings, despite the sharp increase in debt outstanding in 2010. Countries in Europe and Central Asia are, on average, the most heavily indebted of all developing countries and were the ones severely impacted by the global economic crisis. This is reflected in the marked deterioration in the ratio of external debt to GNI and to export earnings in 2009: both ratios improved in 2010 to 43 percent and 122 percent, respectively, despite a moderate, 5 percent, increase in the stock of outstanding debt, but remained well above their 2008 level. The ratio of debt to exports for the top 10 borrowing countries combined is broadly the same as that for other developing countries, but they have a much lower debt burden measured in relation to GNI, an average of 18.4 percent in 2010 compared to an average of 27.9 percent for other developing countries (table 8). Developing countries have seen a marked and almost continuous improvement in the sustainability of their external debt, measured by the ratio of external debt service to export earnings over the past decade. This held true in 2010, despite the 12 percent increase in developing countries’ external debt obligations and parallel shift in the maturity composition and rise in short term debt, as a share of total outstanding external debt, to 25 percent, from 21 percent in 2009. The average debt service to export ratio for all developing countries com-

bined was 9.8 percent, compared to 10.8 percent in 2009. The average debt service to export ratio for middle income countries in 2010 (10 percent) was below half its level in 2000 (21 percent). Even more striking is the improvement in low-income countries: their average debt service to export ratio has been reduced to 4.8 percent in 2010, from 17.2 percent in 1995 (figure 8). In part this is a consequence of increased exported earnings but also a direct outcome of debt restructuring and outright debt relief from official and private creditors in the context of the HIPC and MDRI (box 1).

Trends in Equity Flows 2010

N

et equity inflows (direct investment and portfolio investment combined) in developing countries totaled $635 billion in 2010, up 25 percent from their level in 2009 and approaching their record level of $667 billion in 2007 (figure 9). Foreign direct investment at $506 billion remained the single largest component of capital flows to developing countries. However, it rose far less rapidly than debt related inflows, and its share of total net capital flows to developing countries fell from 59 percent in 2009 to 45 percent in 2010.

Figure 8. Debt Service to Exports Ratio, 1995–10 percent

Table 8. Debt Indicators for Developing Country Regions

25

percent 20 Debt Outstanding/GNI

Debt Outstanding/Exports

Country group

2008

2009

2010

2008

2009

2010

East Asia and the Pacific

12.9

13.1

13.5

30.6

39.7

37.0

Europe and Central Asia

37.3

47.7

43.0

97.2 140.6 121.6

Latin America and the Caribbean

21.2

23.3

21.7

84.5 109.4 102.1

15

10

94.3

Sub-Saharan Africa

21.2

22.4

20.0

48.8

66.1

54.0

Top ten borrowers

18.6

19.5

18.4

59.6

76.5

67.9

Other developing countries

27.1

29.7

27.9

58.8

77.8

70.0

Sources: World Bank Debtor Reporting System and International Monetary Fund.

10

0

20 10

42.5

20 09

43.0

84.3 107.7

20 08

34.9

19.2

20 07

14.1

20.7

20 06

15.2

21.0

20 05

14.9

South Asia

5

20 00

Middle East and North Africa

19 95

G L O B A L

Low-income countries Middle-income countries Sources: World Bank Debtor Reporting System and International Monetary Fund.


O V E R V I E W

Box 1. Debt Restructuring with Paris Club Creditors, 2010

Developments in 2010 The Paris Club concluded debt restructuring agreements with seven countries reporting to the World Bank Debtor Reporting System in 2010, all of which were low-income countries eligible for the Heavily Indebted Poor Country (HIPC) Initiative. These agreements restructured a total of $13.2 billion (table B1.1). Five countries, Afghanistan, the Democratic Republic of the Congo, the Republic of Congo, Liberia, and Togo reached the HIPC Completion Point in 2010 and concluded a stock of debt treatment that marked an exit from the Paris Club rescheduling process. Most of the debt treated by the Paris Club in 2010 related to claims on these countries. In aggregate $13 billion was restructured under these five, stock of debt, exit agreements of which $8.9 billion was cancelled. The share of debt cancelled for each debtor country was dictated by the common (debt) reduction factor: i.e. the effort required by each creditor to lower a country’s external debt indicators to the levels set by the HIPC criteria. However, Paris Club creditors signaled their intension to cancel, on a bilateral basis, all of their remaining bilateral claims, thereby providing 100 percent debt relief to each country. Comoros reached the HIPC Decision Point on June 29, 2010 and became eligible for debt relief on Cologne terms (90 percent net present value reduction). The agreement concluded in August 2010 topped up the 67 percent debt relief (in net present value) accorded under the agreement of November 2009 to 90 percent (in net present value). The 2009 agreement restructured a total of $13 billion in arrears of principal and interest as of June 30, 2009 and maturities falling due from July 2009 up to June 30, 2012. Guinea-Bissau concluded an agreement in July 2010 to restructure a total of $171 million, following approval, in May 2010 of a new three year arrangement under the IMF Extended Credit Facility. GuineaBissau reached the HIPC Decision Point in December 2000. The agreement, concluded on Cologne terms (90 percent net present value reduction), restructured arrears of principal and interest as of December 31, 2009 and maturities falling due from January 1, 2010 to December 31, 2012. It cancelled $54 million and rescheduled $117 million over the three year consolidation period. Given the country’s very limited payment capacity, creditors also agreed, on an exceptional basis, to defer the repayment of maturities and a significant share of arrears on short term and post-cut-off date debt (contracted after December 1986) and interest on restructured debt until after December, 2012. These measures reduced by 98 percent debt service due to Paris Club creditors between January 1, 2010 and December 31, 2012. Table B1.1. Agreements with Paris Club Creditors, January 1, 2010–December 31, 2010 Amount (millions of dollars) Country

Signature date (2010)

Cut-off date

Total

Rescheduled

Consolidation period

Cancelled

Concessionality (percent of npv)

Start

End

Afghanistan

17-Mar

Jun-99

1,027

585

442

90

stock

Comoros

13-Aug

Jun-99

13

12

1

90

Jun-10

Jun-12

Congo, Dem. Rep.

25-Feb

Jun-83

2,957

1,647

1,310

90

Jul-09

Jun-12

Congo, Dem. Rep.

17-Nov

Jun-83

7,528

1,479

6,049

90

stock

Congo, Rep.

18-Mar

Jan-86

2,474

1,493

981

90

stock

Guinea-Bissau

06-Jul

Dec-86

171

117

54

90

Jan-10

Liberia

16-Sep

Jan-83

1,366

107

1,258

90

stock

Togo

16-Dec

Jan-83

611

408

202

90

stock

Dec-12

Source: Paris Club Secretariat. Note: In 2010 Paris Club creditors also concluded an agreement with Antigua and Barbuda. Since this country does not borrow from the World Bank it is not required to report to the World Bank Debtor Reporting System.

The 2010 recovery in FDI inflows, following their 36 percent fall in 2009, was driven by improvements in the global investment environment, a revival in corporate earnings, and

increased South-South investment, i.e. investment by one developing country in other. Much of the increase came from cross-border mergers and acquisitions (M&A), which typically react more

11


2 0 1 2

Figure 9. Net Equity Flows to Developing Countries, 2001–10

Box 2. China—Revised Data Series for Foreign Direct Investment Inflows, 2005–10

10

09

20

08

20

07

20

20

06

05

Net FDI inflows

20

20

04

03

20

02

20

20

01

–100

Net portfolio equity inflows

Sources: International Monetary Fund and World Bank estimates.

rapidly to changes in economic conditions than green field investment, and from higher reinvested earnings. The latter accounted for over one-third of FDI inflows in 2010. South-South investment, particularly from Asia, rose to an estimated 34 percent of total FDI inflows to developing countries in 2010, up from 25 percent in 2007. The increase in FDI inflows was broad based, with a large number of countries reporting higher FDI inflows, but the pace of recovery was less robust than the 30 percent increase in aggregate net FDI inflows in 2010 would seem to imply. This is because the overwhelming share of FDI inflows went to China, which rose by 62 percent to $185 billion. Excluding China, FDI inflows to developing countries rose by a more moderate 12 percent in 2010. China recently made important revisions to its official government statistics for 2005-2010 (box 2). According to the revised data, between 2005 and 2010 China received 30 percent of aggregate FDI inflows to the 129 developing countries reporting to the World Bank DRS. It is now the single largest recipient of FDI inflows among both developed and developing countries. China’s manufacturing sector is the primary recipient of FDI inflows; it received $70 billion in 2010, a 50 percent increase over the comparable figure for 2009, while FDI inflows into the financial sector and real estate sector were up 300 percent and 78 percent to $12 billion and $21 billion, respectively.

12

Figure B2.1. Revisions to China’s FDI inflows, 2005–10 $ billions 200 180 160 140 120 100 80 60 40 20 0

Previously reported

10

0

20

100

09

200

20

300

08

400

20

500

07

600

In 2011 China’s State Administration of Foreign Exchange (SAFE) significantly revised the official capital account statistics for 2005–10 following implementation of new accounting standards and methodology. The most important change was in respect of inflows of foreign direct investment which were subject to an upward revision of between 20–75 percent for the period 2005–10 (figure B2.1). According to SAFE, the primary reason for the revision was improved measurement of reinvested earnings by multinational corporations, hitherto not fully captured in government reports. According to the new data FDI inflows to China were $185 billion in 2010, equivalent to 37 percent of total FDI inflows to the 129 developing countries reporting to the World Bank Debtor Reporting System.

20

700

06

800

20

$ billions

05

F I N A N C E

20

D E V E L O P M E N T

20

G L O B A L

Revised data series

Source: China State Administration of Foreign Exchange.

All but two of the top ten developing country recipients of FDI registered increased inflows in 2010 (figure 10). Inflows to Brazil were up 87 percent on the back of the country’s strong fundamentals while Indonesia’s growth prospects, improved credit ratings, and large domestic


O V E R V I E W

Figure 10. Net Foreign Direct Investment Inflows to Major Recipients, 2009–10 $ billions China Brazil Russia India Mexico Chile Indonesia Kazakhstan Malaysia Turkey 0

50

100 2009

150

200

2010

Sources: International Monetary Fund and World Bank estimates.

market proved an attractive draw. FDI increased by 173 percent over its 2009 level, directed primarily at transport and communications as well the more traditional mining sector. Malaysia recorded a fivefold increase in investment into its oil and gas and financial sectors in 2010. In sharp contrast FDI inflows to India continued on a downward path, falling by a further 32 percent, on top of the 18 percent decline registered in 2009. Policy and procedural issues, delays in opening the retail and insurance sectors to foreign investors, poor infrastructure, licensing issues, and a series of widely reported corruption cases are cited as factors behind investors’ reticence to commit to new long-term investments. FDI inflows to Kazakhstan were also down sharply (27 percent) in 2010. The concentration of FDI inflows to developing countries increased further in 2010 with the top ten recipients increasing their share to 73 percent (from 67 percent in 2009). That said, a wide group of countries, particularly at the lower end of the income scale, reported increased FDI inflows in 2010. Low-income countries as a group saw FDI inflows increase by almost 40 percent in 2010 in largely part due to rising South-South investment in extractive industries and infrastructure development. Portfolio equity flows are the most highly concentrated of all capital flows to developing

countries. Between 2005 and 2010, investors provided $492 billion in portfolio equity inflows of which 99 percent went to 10 developing countries, but just 3 countries, China, Brazil and India, received 73 percent (table 9). Portfolio equity flows recovered rapidly from the impact of the global financial crisis, particularly in emerging markets viewed as having good growth prospects. Net inflows totaled $108 billion in 2009, a spectacular turnaround from the $53 billion outflow in 2008 and were up by an another 18 percent in 2010 to $128 billion as investor concerns about the severity of the impact of the global crisis on the corporate sector in emerging markets abated: stock markets in several emerging markets hit record levels in 2010. While the recovery in portfolio flows can be seen as beneficial there were concerns that a rapid surge may generate inflationary pressures and have the potential to destabilize currencies and domestic financial markets. Against this backdrop a number of countries took measures designed to slow the pace of portfolio equity inflows in 2010 and the aggregate pace of increase masks very disparate trends in individual countries. Among the top three recipients, inflows to Brazil were only marginally higher than in the previous year, and in China they slowed considerably, rising by only 10 percent, compared to their 225 percent rise in 2009. In sharp contrast portfolio equity flows to India surged to $40 billion, a 90 percent increase from 2009 with investors attracted by the country’s strong growth and high rate of return on Table 9. Net Inflow of Portfolio Equity, Top Ten Recipients, 2005–10 $ billions 2005

2006

2007

2008

2009

2010

China

20.3

42.9

Brazil

6.5

7.7

18.5

8.7

28.2

31.4

26.2

–7.6

37.1

India

12.2

37.7

9.5

32.9

–15.0

21.1

40.0

South Africa Turkey

7.2

15.0

8.7

–4.7

9.4

5.8

5.7

1.9

5.1

0.7

2.8

Thailand

3.5

5.1

5.2

4.3

–3.8

1.3

Vietnam

3.4

0.1

1.3

6.2

–0.6

0.1

2.4

Russia

–0.1

6.5

18.7

–15.0

3.4

–4.8

Indonesia

–0.2

1.9

3.6

0.3

0.8

2.1

3.4

2.8

–0.5

–3.5

4.2

0.6

Top ten recipients

60.2

94.7

123.7

–40.5 108.4

122.1

Total all developing countries

67.5 107.7

133.0

–53.4 108.8

128.4

Mexico

Sources: International Monetary Fund and World Bank estimates.

13


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 2

in the dollar value of export earnings. The ratio of outstanding debt to export earnings improved to 37 percent from 40 percent in 2009 and remained the lowest of all six regions. Short term debt as a share of total debt is high, 46 percent, but risks are mitigated by the stock of international reserves: at end 2010 they were 333 percent of external debt stock. Net debt inflows from private creditors soared to $176 billion, from $65 billion in 2009, on the back of a massive increase in net short term debt inflows and a rapid rise in medium term financing. Borrowers across the region reported net short term debt inflow, but China dominated the trend: its net short term debt inflow doubled in 2010 to $107 billion, equivalent to 76 percent of the regional total. Other countries reporting a sharp rise were Malaysia $11 billion (from $0.9 billion in 2009), Indonesia $7.2 billion (double the 2009 level), and the Philippines $2.3 billion (a marked turnaround from the net outflow of –$3 billion in 2009). Asian borrowers again took advantage of improved market conditions to issue $28 billion in bonds in 2010 of which 55 percent was issuance by private sector borrowers. Of this Chinese corporates, mainly power and construction

investments. When India is excluded, net portfolio equity flows to developing countries rose by only 1 percent in 2010. For other countries the story was mixed, with a net outflow of $5 billion from Russia and sharp falls in inflows to Mexico and South Africa offset by large increases to Nigeria and a number of Asian borrowers, including Indonesia, Thailand, and Vietnam.

Regional Developments and Trends East Asia and the Pacific Net capital flows to the region rose 90 percent in 2010 to a record high of $447 billion, almost 50 percent above their pre-crisis level although still below their peak in terms of GNI, 5.9 percent compared to 6.5 percent in 2007. The surge in inflows was driven by a sharp rebound in equity flows, particularly FDI, and a jump in short term, trade related, inflow to an unprecedented $142 billion, approaching three times its previous high in 2007 (table 10). The stock of external debt rose 21 percent in 2010, but this was offset by a 30 percent increase

Table 10. Net Capital Inflows to East Asia and the Pacific, 2001–10 $ billions Inflows

2002

2003

2004

2005

2006

2007

2008

81.6

49.6

75.9

4.6

2.5

3.4

127.0

209.0

238.6

301.6

4.8

6.9

6.5

6.5

Net equity inflows

50.7

63.2

69.3

89.7

168.1

207.9

Net FDI inflows

48.9

59.4

1.8

3.8

56.8

70.4

142.4

12.5

19.3

25.7

30.9

–13.6

6.6

37.3

Official creditors

3.1

World Bank

0.9

–7.7

–7.2

–1.7

–1.5

–2.5

–2.7

Other official

4.7

Private creditors

Net private and official inflows Percent of GNI

Net portfolio equity inflows Net debt flows

IMF

Net medium and long term debt flows Bonds Banks and other private Net short term debt flows Change in reserves (- = increase)

2001

2009

2010

211.7

235.3

447.1

3.6

3.7

5.9

234.0

206.8

166.3

268.2

151.7

198.9

214.1

137.5

227.7

56.2

35.1

–7.3

28.9

40.5

40.9

30.7

67.6

4.9

69.0

178.9

–5.2

–3.3

–9.3

–3.4

–1.0

3.7

3.4

–1.9

–0.6

–0.4

–0.3

1.2

2.2

2.7

–0.5

–1.6

–1.6

–8.5

0.0

0.0

0.1

0.0

–3.3

–5.2

–1.7

–1.1

–0.4

–3.1

–2.1

1.3

0.8

27.9

–5.9

13.8

42.5

44.2

40.0

71.0

5.9

65.3

175.5

–13.5

–12.3

–10.3

9.1

9.3

14.9

19.0

17.3

1.8

33.9

0.4

0.1

1.7

9.6

10.1

4.0

1.2

1.2

8.4

20.8

–13.9

–12.4

–12.0

–0.4

–0.7

10.9

17.8

16.1

–6.6

13.1

41.4

6.5

24.1

33.4

34.8

25.1

52.1

–11.4

63.5

141.5

–49.8

–92.8

–139.8

–237.1

–217.7

–295.4

–541.2

–432.2

–535.0

–551.0

21.0

27.0

32.3

40.0

50.3

57.4

71.0

85.4

86.0

92.0

Memorandum items Workers remittances

Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development.

14


O V E R V I E W

companies, accounted for three quarters. Corporates in the Philippines and Thailand raised $1 billion and $1.9 billion respectively. Amongst public sector borrowers the Philippines was the most active with total issuance of $6.6 billion, 21 percent higher than 2009 and Vietnam came to the market with a debut $1 billion sovereign bond. For most countries in the region financing from official creditors is limited. The exception is Vietnam, where gross disbursements from official creditors accounted for 72 percent of those to public sector borrowers in 2010. It was the third largest recipient of IDA disbursements in 2010 ($0.9 billion) and received disbursements of $0.7 billion from IBRD. Net equity flows rose by 61 percent in 2010, underpinned by a 66 percent increase in FDI inflows and 40 percent rise in portfolio equity inflows. China dictated the trend, accounting for 81 percent of FDI inflows and 78 percent of portfolio equity inflows to the region in 2010. Indonesia’s growth prospects, improved credit ratings, and large domestic market attracted investors and FDI increased 173 percent over its 2009 level to $13 billion, directed at transport, communications and the mining sector and FDI into Malaysia’s oil and gas and financial sectors jumped to $10 billion from $1 billion in 2009. Net portfolio flows to China grew by a relatively moderate 11 percent, but those to the rest of the region surged to $9.1 billion ($0.7 billion in 2009) with Indonesia ($2.1 billion), Thailand ($3.4 billion) and Vietnam ($2.4 billion) the principal beneficiaries.

Europe and Central Asia Net capital inflows increased 66 percent in 2010 to $173 billion, 5.8 percent of GNI, with debt inflows from private creditors both short-term debt and bond issuance more than offsetting the reduction in inflows from official creditors and continued declined in net equity flows. Despite this rebound net capital flows were only 40 percent of their pre-crisis level (table 11). Countries in the region are, on average, the most heavily indebted of all developing countries, but the ratio of external debt stock to exports improved to 122 percent from 141 percent in 2009 as growth picked up and exports earnings rose 17 percent in dollar terms over their 2009 level. However, increased debt service payments, particular on debt contracted by private sector

borrowers prior to the crisis keep the external debt service to export ratio unchanged at 24 percent. Financing from official creditors slowed considerably in 2010 with gross disbursements down 30 percent from 2009. The primary factor was the reduction in purchases (disbursements) from the IMF by Romania and Ukraine which totaled $9.1 billion in 2010 compared to $15.6 billion in 2009. Gross disbursement by other multilateral creditors fell by 8 percent in 2010 although those from IBRD rose 8 percent to $5.4 billion, of which Turkey received just over half. Bond issuances by both public and private agencies soared to $49 billion from $18 billion in 2009. Issuance by public sector borrowers more than doubled from $15 billion in 2009 to $32 billion while that of private sector borrowers rose almost six fold from $3 billion in 2009 to $17 billion. Russia was the main driver, where issuance by its public sector borrowers totaled $16 billion in 2010, including a sovereign issue of $5.5 billion in 5 and 10 year notes, the first since 1998 and Russian corporate issuance totaled $12 billion. Ukraine came back to the Eurobond market for the first time since 2007 and there were debut sovereign issues by Albania, Belarus, Georgia and Montenegro. Most countries reported increased short term debt inflows in 2010, but they were heavily concentrated: Turkey accounted for 62 percent of the regional total. Russia and the Ukraine reported short term debt inflows of $6.8 billion and $6.4 billion, respectively in 2010 compared to outflows of $22.3 billion and $1.1 billion in 2009. Medium term flows from banks returned to negative territory in 2010 with an outflow of $7.9 billion, from an inflow of $16.4 billion in 2009. Gross disbursements increased 10 percent, but were offset by a 30 percent rise in principal repayments, notably by private sector borrowers in Russia and the Ukraine, on loans contracted prior to the global economic crisis. FDI inflows to the region in 2010 were little changed from their 2009 level. Although they rose 20 percent in Russia, the third largest recipient of FDI among developing countries, to $45 billion they remained well below their 2008 level ($75 billion) and in Kazakhstan they fell 30 percent as investment into the hydro-carbon sector slowed and other investment in other sectors failed to take off. The 2009 resurgence in portfolio equity

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 2

Table 11. Net Capital Inflows to Europe and Central Asia, 2001–10 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Net private and official inflows

21.4

38.1

82.9

104.1

135.3

248.9

424.1

313.0

104.0

172.8

3.1

4.8

8.3

7.9

8.1

12.3

16.1

9.7

4.1

5.8

Net equity inflows

14.6

17.1

25.6

44.4

58.6

106.6

163.2

146.9

92.3

85.4

Net FDI inflows

14.0

14.3

24.1

42.6

52.0

94.3

136.2

162.2

85.9

86.3

0.6

2.8

1.6

1.8

6.7

12.3

27.0

–15.3

6.4

–0.8

6.7

21.0

57.3

59.7

76.6

142.2

260.9

166.0

11.7

87.4

Official creditors

6.6

3.9

–4.9

–7.6

–28.5

–30.4

–2.3

12.0

35.7

22.6

World Bank

2.0

1.0

–0.3

1.0

–0.7

0.2

0.2

0.7

3.0

3.5

IMF

6.1

4.8

–2.0

–5.9

–9.8

–5.8

–5.0

7.0

20.5

9.4

–1.5

–1.9

–2.5

–2.7

–18.0

–24.8

2.6

4.3

12.2

9.8

Percent of GNI

Net portfolio equity inflows Net debt flows

Other official Private creditors Net medium and long term debt flows Bonds Banks and other private Net short term debt flows Change in reserves (– = increase)

0.2

17.1

62.2

67.2

105.1

172.6

263.2

154.1

–24.0

64.8

0.6

14.7

34.2

53.5

84.4

128.4

190.7

160.9

14.5

19.2

–0.4

3.1

7.3

14.6

16.8

34.0

60.0

16.4

–1.8

27.1

1.0

11.6

27.0

38.9

67.6

94.4

130.7

144.5

16.4

–7.9

–0.4

2.4

27.9

13.7

20.8

44.3

72.5

–6.9

–38.5

45.5

–11.3

–28.8

–49.3

–69.3

–87.3

–174.0

–227.5

57.9

–26.6

–66.2

8.7

8.8

9.1

12.7

19.7

24.9

38.7

45.0

36.1

36.0

Memorandum items Workers remittances

Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development.

inflows to the region was not repeated. Inflows to Turkey rose 25 percent to $3.5 billion, but this did little to offset the collapse in comparable flows to Russia (the only other country in the region where portfolio equity flows are significant) which turned sharply negative: –$4.8 billion as compared to an inflow of $3.4 billion in 2009.

Latin America and the Caribbean Net capital flows to the region surged to $319 billion in 2010, 6.7 percent of GNI, well above their highest pre-crisis level. Driving this rebound was the fourfold increase in private capital flows, a rapid rise in net short term flows and turnaround in medium term bank financing, and a 44 percent increase in FDI inflows. The region was also one of only two (Sub-Saharan Africa the other) to record an increase in net debt inflows from official creditors in 2010 (table 12). The 16 percent increase in external debt stock in 2010 outpaced the rise in export earnings and the ratio of external debt stock to exports deteriorated to 102 percent, from 85 percent in 2008, but external debt stock in relation to GNI remained moderate at 22 percent. Net inflows from official creditors increased 20 percent over their 2009, much larger than to any other region, driven by higher gross disbursements

16

from bilateral and multilateral creditors, including a tripling of purchases (disbursements) from the IMF under ongoing programs with the Dominican Republic, Haiti, Jamaica and Nicaragua. Gross disbursements from IBRD continued their upward trajectory, but rose only 3 percent in 2010, as compared to their spectacular, 90 percent jump in 2009, and remained highly concentrated with 69 percent going to Argentina, Brazil and Mexico. Bond issuance by public sector borrowers totaled $22 billion, down 31 percent from its 2009 level, but issuance by private sector borrowers skyrocketed to $53 billion, two and a half times its 2009 level, of which $32 billion was issued by Brazilian corporates: divided half and half between the financial sector and the country’s largest companies, including Telemar Norte Leste and Vale. Corporate issuance in Mexico doubled to $11 billion and in Peru it tripled to $3 billion over 2009. Short term debt inflow soared to $67 billion, a record high and almost three times its pre-crisis level in 2007, but was highly concentrated with three countries, Argentina, Brazil and Mexico accounting for 86 percent of the regional total. Unlike most regions Latin America and the Caribbean also registered a sharp increase in the net inflow of medium term financing from commercial banks in 2010. These flows, which rose to $27 billion in 2010, from a


O V E R V I E W

Table 12. Net Capital Inflows to Latin America and the Caribbean, 2001–10 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

Net private and official inflows

86.2

52.6

59.8

57.9

93.8

68.7

208.3

181.9

173.7

4.5

3.1

3.3

2.8

3.7

2.3

5.9

4.4

4.5

6.7

Net equity inflows

74.4

56.8

46.2

66.3

85.8

83.0

139.3

120.4

119.9

153.9

Net FDI inflows

71.8

55.3

42.9

66.8

73.5

72.0

110.4

130.0

78.3

112.6

2.5

1.4

3.3

–0.6

12.2

11.0

28.8

–9.7

41.6

41.3

11.9

–4.2

13.5

–8.4

8.1

–14.3

69.0

61.6

53.8

164.7

Official creditors

20.6

12.4

4.7

–10.1

–31.3

–19.9

–1.1

6.5

17.9

21.4

World Bank

1.3

–0.6

–0.4

–1.0

–0.7

–3.4

–0.1

2.4

6.6

8.3

15.6

11.9

5.6

–6.3

–27.6

–12.1

0.0

0.0

0.4

1.3

Other official

3.8

1.1

–0.4

–2.9

–3.0

–4.4

–1.0

4.1

10.9

11.8

Private creditors

–8.8

–16.6

8.8

1.7

39.4

5.6

70.1

55.0

35.9

143.3

Percent of GNI

Net portfolio equity inflows Net debt flows

IMF

Net medium and long term debt flows

2010

318.6

6.6

–10.4

7.5

1.1

19.0

5.1

47.1

49.4

40.4

76.2

9.8

1.9

16.7

2.5

21.6

–11.2

12.6

9.0

40.7

48.8

Banks and other private

–3.3

–12.2

–9.2

–1.3

–2.6

16.3

34.6

40.4

–0.3

27.4

Net short term debt flows

–15.3

–6.2

1.3

0.6

20.4

0.5

23.0

5.7

–4.5

67.2

–0.9

–2.6

–35.6

–25.4

–34.4

–55.5

–137.8

–50.1

–54.1

–90.2

24.4

28.1

36.8

43.3

49.8

58.8

62.9

64.4

56.6

57.2

Bonds

Change in reserves (– = increase) Memorandum items Workers remittances

Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development.

small outflow in 2009 went to both public and private sector borrowers, but were concentrated largely in Brazil and Mexico. FDI inflows rose 44 percent in 2010 to $113 billion, above their 2007 level, but still 13 percent below their peak in 2008. With the exception of Venezuela all countries in the region reported rising FDI flows in 2010. The main driver was Brazil where inflows rose to $48 billion, close to double their 2009 level on the back of the country’s very strong fundamentals. Mexico, the region’s second largest recipient of FDI, reported inflows of $19 billion, up 22 percent over their 2009 level. Following the surge in 2009, portfolio equity inflows slowed as countries across the region took measures aimed at mitigating risks of volatility associated with these flows. Inflow to Brazil, $37.7 billion, was largely unchanged from 2009 while inflow to Mexico dropped to $0.6 billion in 2010 from $4.2 billion in 2009.

Middle East and North Africa The region was the only one of the six regions to record a fall in net capital inflows in 2010. They fell 10 percent to $26.2 billion and 2.6 percent of GNI from 3.2 percent of GNI in 2009 on account of the decline in net equity flows. It was only par-

tially offset by the rapid rise in net debt inflows. Although these rose by 84 percent they constituted only 13 percent of total net capital flows to the region in 2010 (table 13). Debt indicators are moderate on account of the preponderance of equity in net capital flows to the region throughout the past decade and relatively robust export earnings. The ratio of debt stock to exports was 43 percent in 2010, lower than all other regions except East Asia and Pacific and international reserves are high in relation to external debt stock, 227 percent at end 2010. Net debt flows from official creditors fell 50 percent in 2010 to $1.2 billion driven down by a slowdown in gross disbursements to Egypt and Morocco, including a 33 percent reduction in IBRD disbursements to Morocco. This was in part offset by an increase in IBRD disbursements to other countries, but overall they fell by 13 percent to the region in 2010. The net inflow from other official creditors also dropped sharply in 2010, due to lower disbursements and increased principal payments, but it remained positive. For much of the past decade net flows from bilateral creditors were negative on account of large principal payments on debt restructuring agreements concluded in the nineties with Paris Club and other bilateral

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 2

Table 13. Net Capital Inflows to Middle East and North Africa, 2001–10 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

26.2

Net private and official inflows

4.4

10.3

13.5

12.9

19.4

14.5

29.6

21.0

29.2

Percent of GNI

1.2

2.7

3.3

2.7

3.6

2.3

3.9

2.3

3.2

2.6

Net equity inflows

3.9

7.6

10.2

10.4

19.2

28.2

25.5

29.6

27.3

22.7

Net FDI inflows

4.0

8.1

10.0

9.7

16.8

27.2

27.6

29.2

26.1

22.7

Net portfolio equity inflows

0.0

–0.5

0.2

0.7

2.4

1.0

–2.1

0.4

1.2

0.0

0.5

2.7

3.4

2.5

0.2

–13.7

4.1

–8.6

1.9

3.5

Official creditors

–1.4

–1.9

–2.0

–3.4

–3.2

–11.3

1.1

–1.8

2.4

1.2

World Bank

–0.1

–0.3

–0.3

–0.6

0.0

–0.8

1.0

–0.3

0.9

0.8

IMF

–0.1

–0.3

–0.6

–0.5

–0.7

–0.2

–0.1

–0.1

–0.1

0.0 0.4

Net debt flows

Other official

–1.3

–1.4

–1.2

–2.3

–2.4

–10.3

0.2

–1.4

1.6

Private creditors

1.9

4.6

5.4

6.0

3.4

–2.5

3.0

–6.8

–0.5

2.3

Net medium and long term debt flows

4.9

5.3

0.8

2.7

3.1

–1.7

–0.5

–2.7

–2.0

1.2

Bonds

4.4

5.2

0.7

2.8

2.5

0.8

0.7

–0.8

0.1

3.2

Banks and other private

0.5

0.0

0.1

0.0

0.6

–2.5

–1.3

–1.8

–2.1

–1.9

Net short term debt flows

–3.0

–0.7

4.6

3.2

0.3

–0.8

3.5

–4.2

1.6

1.1

–9.3

–12.6

–23.2

–14.7

–38.9

–37.8

–48.0

–43.4

–24.2

–24.1

11.9

14.9

19.9

22.6

23.6

25.1

31.0

34.7

32.4

31.0

Change in reserves (– = increase) Memorandum items Workers remittances

Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development.

creditors by several countries, in particular Algeria, Egypt, and Morocco. Net debt inflows from private creditors turned positive in 2010 for the first time since 2007 to $2.3 billion on account of $5.5 billion in bond issuance including sovereign issues by Egypt ($1.5 billion), Morocco (€1 billion 10-year note; the country’s first sovereign issue since 2007), and Jordan ($750 million 5-year, fixed-rate debut sovereign issue). Medium term inflows from commercial banks were little changed from 2009 and remained negative. The net inflow of short term debt fell, but there were divergent trends across the region. Short term inflows into Egypt returned to their 2008 level, $0.6 billion compared to an outflow of $0.3 billion in 2009 and Lebanon recorded an inflow of $0.4 billion compared zero short term debt flows in 2009. In contrast net short term flows to Iran contracted sharply to $0.2 billion (from $0.9 billion in 2009) and those to Morocco turned Morocco falling to –$0.4 billion compared to a positive inflow of $0.5 billion in 2009. Net equity inflows declined 17 percent in 2010. Egypt and Lebanon, where portfolio equity flows are concentrated, saw flows dry up in 2010, compared to a net inflow of $1.2 billion in 2009.

18

The 2010 story on FDI inflows was mixed. Egypt, the region’s largest recipient of FDI, registered a 14 percent decline in FDI inflows to Lebanon were unchanged from their 2009 level and Iran saw FDI inflows, mainly to the oil and gas sector, increase by a further 20 percent, following their 87 percent surge in 2009. In Morocco FDI inflows were down 37 percent and those to Syria down 46 percent from their 2009 level.

South Asia Net capital inflows to the region rose 29 percent in 2010 on the back of a 92 percent surge in net portfolio equity flows and more than doubling of net debt flows from private creditors, driven by both bond issuance and short term debt inflows. But at 5.5 percent of GNI net capital flows remained below their pre-crisis peak, 7.7 percent of GNI in 2007 (table 14). The ratio of external debt stock, and debt service, to exports are low, on average 94 percent and 6 percent respectively, in 2010, but there are important differences between countries: for example India had an external debt stock to export ratio in 2010 of 81 percent while that of Pakistan was 199 percent. The comparable debt service-to-export


O V E R V I E W

Table 14. Net Capital Inflows to South Asia, 2001–10 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Net private and official inflows

8.1

7.5

14.5

21.3

28.7

77.1

116.3

64.8

86.2

111.6

Percent of GNI

1.3

1.1

1.9

2.3

2.7

6.5

7.7

4.2

5.1

5.3

Net equity inflows

8.9

7.9

13.5

16.8

23.6

36.5

66.7

35.2

59.9

67.4

Net FDI inflows

6.1

6.8

5.5

7.8

11.2

26.1

32.7

51.1

39.4

28.0

Net portfolio equity inflows

2.8

1.1

8.0

9.0

12.4

10.4

34.0

–15.8

20.5

39.4

–0.9

–0.4

1.0

4.4

5.0

40.6

49.5

29.6

26.3

44.2

Official creditors

2.1

–2.3

–4.1

–0.2

2.9

3.6

4.4

8.8

11.0

9.6

World Bank

1.5

–1.0

–2.3

2.3

2.3

2.0

2.0

1.4

2.4

3.3

IMF

0.3

0.1

–0.1

–0.3

0.0

–0.1

–0.1

3.2

3.6

2.0

Other official

0.3

–1.3

–1.8

–2.3

0.6

1.7

2.5

4.2

5.0

4.4

Private creditors

–3.0

2.0

5.1

4.7

2.1

37.1

45.1

20.7

15.3

34.5

Net medium and long term debt flows

Net debt flows

–2.1

0.1

3.1

4.0

–0.2

20.2

32.2

12.9

12.7

22.9

Bonds

–0.4

–0.7

–3.7

3.9

–2.8

6.4

10.7

1.7

1.9

10.1

Banks and other private

–1.6

0.8

6.8

0.1

2.7

13.9

21.5

11.2

10.8

12.8

Net short term debt flows

–0.9

1.8

2.0

0.7

2.3

16.8

12.9

7.9

2.6

11.7

–10.2

–28.0

–36.9

–27.6

–6.8

–41.7

–103.8

26.3

–39.3

–22.3

19.2

24.1

30.4

28.7

33.9

42.5

54.0

71.6

75.1

82.2

Change in reserves (– = increase) Memorandum items Workers remittances

Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development.

ratio was 6 percent and 15 percent, respectively. Reliance on multilateral creditors is high: the average share of public and publicly guaranteed debt owed to multilateral creditors (including the IMF) was 57 percent at end 2010. Countries in South Asia are relatively poor and reliant, in large measure, on financing from official sources, including grants. Gross debt related flows from official creditors fell 4 percent in 2010 despite the more than twofold increase in disbursements by IBRD. Disbursements on IDA loans declined 33 percent and IMF purchases (disbursements) 42 percent with most of the downturn in Pakistan which saw net inflows from official creditors drop to $1.8 billion from $5.7 billion in 2009. In part this was due to prior year frontloading of budgetary and emergence support from IDA, but delays in implementing the IMF program approved in November 2008 and slowdown in lending by other bilateral and multilateral creditors, including the Asian Development Bank, compounded the problem. India was the principal beneficiary of increased IBRD financing to the region. It saw gross flows from official creditors rise by 44 percent to $8.6 billion in 2010, of which almost 40 percent came from IBRD. Net debt

related flows from private creditors were evenly balanced between medium and short term financing from commercial banks and bond issuance, but 96 percent of these flows went to India. Bond issuance by public sector borrowers in India rose to $11 billion in 2010 from $1.8 billion in 2009. Sri Lanka returned to the markets in September 2010 with its third sovereign issue since 2007, a heavily oversubscribed $1 billion 10 year note for infrastructure and debt refinancing. The 12 percent rise in net equity flows to the region in 2010 masked divergent trends in FDI and portfolio equity flows with the former down 29 percent, and the latter up 92 percent, in relation to their 2009 level. India totally dominated the regional picture: when India is excluded net equity flows to the region were unchanged from 2009 at $3.2 billion. FDI inflows to India fell a further 32 percent in 2010: policy and procedural issues, delays in opening the retail and insurance sectors to foreign investors, poor infrastructure, licensing issues, and a series of widely reported corruption cases are cited as factors behind investors’ reticence to commit to new long term investments. In sharp contrast portfolio equity inflows to India surged to $40 billion, a 90 percent increase

19


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 2

from 2009, driving not only the regional, but also the global trend.

Sub-Saharan Africa Net capital flows to Sub-Saharan Africa rose 16 percent in 2010 driven by a 33 percent increase in net debt inflows on loans from official creditors and a resumption of short-term debt inflows. These were partially offset by a 14 percent fall in net equity inflows. Measured in terms of GNI net capital flows, at 5.2 percent, were unchanged from their 2009 level (table 15). Debt indicators have improved significantly since 2000 due to economic reforms, a favorable external environment, increased aid, restructuring of debt, and outright debt forgiveness. When South Africa is excluded, the ratio of external debt stock to exports and to GNI was 58 percent and 24 percent respectively at end 2010, compared to 250 percent and 98 percent, respectively in 2000. Five more countries reached the HIPC Completion Point in 2010, bringing to 26 out of 33 eligible African countries that have completed the HIPC process and benefitted from HIPC and MDRI debt relief. Countries in the region restructured $13.2 billion owed to Paris Club creditors in 2010 of

which $9 billion was forgiven (see box 1). On a bilateral basis Paris Club creditors committed to forgive an additional $4 billion. Many countries in the region remain on the margin of international capital markets and dependent on financing from official credits, including grants. Net debt inflows from official creditors rose 33 percent in 2010 to $13 billion as a result of a sharp increase in gross disbursements by both multilateral and bilateral creditors. IDA, the single most important multilateral creditor to the region, disbursed $6 billion in 2010 (in loans and grants). IMF purchases fell by 45 percent from 2009, but twenty two countries received IMF financing in 2010 with Angola, the Democratic Republic of the Congo, Cote d’Ivoire, and Ghana among the largest recipients. Bilateral creditors, mostly nonOECD countries, notably China, are an increasing important source of financing particularly in mineral rich countries. Gross disbursements from bilateral creditors rose 83 percent in 2010 to $7.2 billion, only marginally less than the $7.4 billion in gross disbursements from multilateral creditors. South Africa was the only country in the region to tap the international bond markets in 2010 with a $2 billion heavily over-subscribed 10 year

Table 15. Net Capital Inflows to Sub-Saharan Africa, 2001–10 $ billions Inflows

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Net private and official inflows

10.9

10.4

15.0

24.2

33.6

38.7

53.4

42.6

46.4

53.4

Percent of GNI

3.5

3.2

3.6

4.7

5.6

5.4

6.6

4.6

5.2

5.2

Net equity inflows

13.0

10.7

14.3

17.8

26.6

33.0

38.4

31.8

43.0

36.8

Net FDI inflows

13.9

11.1

13.6

11.2

18.6

16.2

28.3

37.5

32.8

28.8

Net portfolio equity inflows

–0.9

–0.4

0.7

6.7

8.1

16.8

10.1

–5.7

10.2

8.0

–2.1

–0.4

0.7

6.4

7.0

5.7

14.9

10.9

3.4

16.6

Official creditors

0.0

2.7

1.4

2.3

–0.9

–1.7

2.8

4.9

9.8

13.0

World Bank

1.8

2.2

2.2

2.5

2.4

2.2

2.4

1.9

3.1

4.0

IMF

0.1

0.5

0.0

–0.1

–0.4

–0.1

0.1

0.7

2.2

1.2 7.9

Net debt flows

Other official

–1.9

0.1

–0.7

0.0

–2.9

–3.8

0.3

2.3

4.5

Private creditors

–2.1

–3.0

–0.8

4.0

7.9

7.4

12.1

6.0

–6.4

3.5

0.0

–1.2

0.9

2.7

4.9

–2.0

7.8

1.5

3.5

2.1

Net medium and long term debt flows Bonds

1.9

1.5

0.4

0.6

1.3

0.3

6.5

–0.7

1.9

1.4

Banks and other private

–1.9

–2.7

0.5

2.1

3.5

–2.4

1.3

2.2

1.6

0.7

Net short term debt flows

–2.1

–1.8

–1.7

1.4

3.0

9.4

4.3

4.5

–9.9

1.5

–0.2

–0.6

–3.6

–21.6

–20.0

–32.4

–26.9

–10.9

–2.7

1.8

4.8

5.2

6.2

8.3

9.6

12.8

18.7

21.7

20.2

21.1

Change in reserves (– = increase) Memorandum items Workers remittances

Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development.

20


O V E R V I E W

sovereign issue. It also recorded a net inflow of $1.0 billion in medium term bank financing compared to a net outflow of $0.3 billion from other countries in the region. In sharp contrast to the outflow of $9.9 billion outflow in 2009, short term debt turned positive in 2010 ($1.5 billion), but there were disparate trends at the country level: Angola, Nigeria and South Africa saw the largest outflow while Ethiopia, Ghana, and Zambia recorded the largest net inflow. FDI into the region, directed mainly to the minerals and metals sector, constituted two-thirds of net capital flows (excluding grants) between 2001 and 2010. It fell by 12 percent in 2010 largely on account of lackluster performance of FDI inflows to South Africa, $1.5 billion compared to $5.4 billion the previous year, reflecting investor concerns over possible nationalization and power constraints. Excluding South Africa FDI to the region was up 7 percent in 2010 on account of increased South-South FDI particularly to the hydro-carbon sector and extractive industries. The 21 percent decline in net portfolio equity flows was also driven by the sharp drop in flows to South Africa which fell to $5.8 billion ($9.4 billion in 2009). This was partially offset by a rapid rise in portfolio equity flows to Nigeria which topped $2 billion in 2010 ($0.5 billion in 2009) where foreign investors are rebuilding their investment positions to pre-crisis levels.

Annex A. Trends in IBRD and IDA Financing to Developing Countries in 2010

F

inancing from IBRD and IDA is the most important source of multilateral financing to public sector borrowers in developing countries across the globe. In 2010 these two institutions of the World Bank Group extended $43 billion in new commitments and made disbursements (from 2010 commitments and the undisbursed pipeline of commitments made in prior years) of $34 billion. This was equivalent to 53 percent and 39 percent respectively of the commitments and disbursements from all multilateral institutions to public sector borrowers in 2010. The World Bank Group provides financial support in other forms to public and private sector borrowers and it is captured in several components

of the data presented in Global Development Finance (box 3).

Trends in IBRD Financing New IBRD loan commitments signed in 2010 totaled $32 billion, down 12 percent from their all-time high of $36 billion in 2009. Almost 40 percent of 2010 commitments went to countries in Latin America and the Caribbean, with Brazil the single largest recipient ($5.4 billion) among all IBRD borrowers, but overall commitments to this region were 9 percent below their 2009 level. Countries in the Middle East and North Africa and Sub-Saharan Africa recorded a sharp rise in IBRD commitments in 2010 driven primarily by an near doubling of lending to Egypt and Morocco and $3.8 billion extended to South Africa’s power utility company, Eskom. In all other regions 2010 commitments were lower than the previous year with South Asia seeing the biggest

Box 3. World Bank Group Financing to Developing Countries in 2010

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 MIGA. Financing by the World Bank Group is captured in the data presented in Global Development Finance as follows: • Loans from IBRD and IDA constitute part of the borrowing country’s public and publicly guaranteed debt and are also separately identified by source. • Grants provided by IDA are recorded in official grants. • Loan financing from IFC is recorded as part of private non-guaranteed debt. • Equity financing from IFC and investments guaranteed by MIGA are recorded as part of foreign direct investment. IBRD and IDA guarantees do not represent financing and are only recorded as a flow of funds if the guarantee is invoked.

21


D E V E L O P M E N T

F I N A N C E

2 0 1 2

fall as commitments to India fell back to $2 billion from their record $5.8 billion in 2009 when India was the single largest recipient of all IBRD borrowers. The concentration of IBRD commitments increased: 10 borrowers accounted for 85 percent of new IBRD loans in 2010 compared to 75 percent to the top ten borrowers in 2009. Disbursements by IBRD from commitments made in 2010 and the undisbursed pipeline of commitments made in prior years continued their upward trajectory in 2010, but at a much slower pace than the previous year, rising by 16 percent to $26 billion, as compared to the 67 percent increase recorded in 2009. Disbursements to all regions rose with the exception of Middle East and North Africa. IBRD disbursements to countries in South Asia and East Asia rose by 127 percent and 21 percent respectively, driven by increased lending to India ($3.3 billion in 2010 up from $1.4 billion in 2009) and by disbursements of $0.7 billion under the new IBRD lending program to Vietnam. IBRD disbursements to Sub-Saharan Africa were almost three times those of 2009, albeit from a very low base, and concentrated largely in South Africa. IBRD disbursements to Latin American and the Caribbean and Europe and Central Asia rose moderately in 2010, but the combined share of aggregate IBRD disbursements to these regions increased to 63 percent from 50 percent in 2009 (figure 11). IBRD disbursements remained heavily concentrated with 78 percent going to the top ten borrowers in 2010 (up from 76 percent in 2009). The top ten recipients were little changed from those of 2009: only Romania dropped from the list with Kazakhstan the new entrant (figure 12). The total amount of debt outstanding and disbursed to countries reporting to the World Bank Debtor Reporting System by IBRD stood at $125 billion at end 2010. Of this amount over half (57 percent) was owed by six borrowers: in order of importance, Brazil, China, Mexico, Turkey, India and Indonesia.

Trends in IDA Financing IDA resources are reserved for the world’s poorest countries, and its operations are concentrated primarily in South Asia and Sub-Saharan Africa. New loan commitments from IDA rose by 8 percent in 2010 to $11.3 billion, less than the 15 percent increase recorded in 2009. IDA resources are allocated to individual countries using a

22

Figure 11. IBRD Disbursements, Regional Distribution, 2008–10 $ millions 12,000 10,000 8,000 6,000 4,000 2,000 0 La tin th Am Eu e er C ic ro ar a pe ib an be d an an d C Ea en st t ra As lA ia si an a d th e Pa ci M fic id dl So e Ea ut h st As an ia d N or th Af Su ric ba Sa ha ra n Af ric a

G L O B A L

2008

2009

2010

Source: World Bank Debtor Reporting System.

Figure 12. Top Ten Recipients of IBRD Disbursements, 2009 and 2010 $ millions Brazil India Turkey Mexico Indonesia Kazakhstan China Colombia Argentina Egypt 0

1,000 2,000 3,000 4,000 5,000 6,000 2009

2010

Source: World Bank Debtor Reporting System.

performance-based allocation system that also takes account of the size of the population and GNI per capita. IDA recipient countries in the top performance quintile receive around three times the commitment per capita as those in the lowest quintile. At the same time the distribution of IDA resources among the 79 IDA eligible countries is highly concentrated: four countries, in order of importance, India, Tanzania, Vietnam, and Bangladesh, absorbed almost half of new IDA loan commitments in 2010, and the top ten recipients accounted for 76 percent of the total.


O V E R V I E W

Disbursements on IDA loans fell by 11.4 percent in 2010 to $7.7 billion and those on IDA grants slightly more, 11.9 percent, to $2.2 billion, but the downturn was not uniform across all regions. IDA disbursements (loans and grants) to countries in Sub-Saharan Africa rose by 5 percent and their share of aggregate IDA disbursements increased to 54 percent from 46 percent in 2009. IDA eligible countries in Europe and Central Asia, Latin America and the Caribbean and the Middle East and North Africa saw IDA disbursements increase by an average of 12 percent, driven in particular by higher IDA grant disbursements to Haiti and Yemen and increased IDA loan disbursements to Bosnia and Herzegovina and Moldova. However, the share of IDA resources going to these regions remained moderate. Only 10 percent of total IDA disbursements went to the three regions combined. South Asia, the second most important destination for IDA resources after Sub-Saharan Africa, saw IDA disbursements fall 34 percent in 2010, largely as a consequence of a precipitous drop in disbursements to Pakistan, which fell to around one third their 2009 level (to $371 million from $1,177 million in 2009), a consequence of prior year frontloading of fast disbursing development policy loans and emergency assistance, and a more moderate, 15 percent fall in disbursements to India. IDA disbursements to countries in East Asia and the Pacific region were also down 29 percent from their 2009 level due almost entirely to the 29 percent decline in disbursements to Vietnam (figure 13), a positive reflection of the country’s creditworthiness and start of the transition to financing from IBRD and other market based sources. Ten recipient countries received 60 percent of total IDA disbursements (loans and grants combined) compared to 65 percent in 2009. Only one of the top ten recipients in 2009, Afghanistan, dropped out of the group in 2010, with Ghana the new entrant. India was again the largest recipient of IDA disbursements, but its share of the total fell slightly to 10.8 percent (11.3 percent in 2009). By contrast, Nigeria rose to the second most important recipient of IDA in 2010, from sixth in 2009, increasing its share of total IDA disbursements, to 10.8 percent from 4.4 percent in 2009 (figure 14).

Figure 13. IDA Disbursements (Loans and Grants), Regional Distribution, 2008–10 $ millions 6,000 5,000 4,000 3,000 2,000 1,000 0 Sub-Saharan Africa

South Asia

2008

East Asia and Other regions the Pacific

2009

2010

Source: World Bank Debtor Reporting System.

Figure 14. Top Ten Recipients of Gross IDA Disbursements (Loans and Grants), 2009 and 2010 $ millions India Nigeria Vietnam Tanzania Ethiopia Pakistan Bangladesh Uganda Ghana Congo, Dem. Rep 0

200

400

600 2009

800 1,000 1,200 1,400 2010

Source: World Bank Debtor Reporting System.

The outstanding IDA loan portfolio ($119 billion at end 2010) is heavily concentrated, with five East and South Asian countries accounting for a little over half of the total (53 percent). In order of importance they were India, Bangladesh, Pakistan, China, and Vietnam. This is in part a consequence of the fact that thirty-two countries, primarily in Sub-Saharan Africa, had reached the Highly Indebted Poor Countries (HIPC) Completion Point by end 2010 and benefited from debt relief from IDA under the HIPC and Multilateral Debt Relief Initiative (MDRI). African countries with the largest share of the

23


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 2

outstanding IDA portfolio at end 2010 were Nigeria ($3.7 billion), Kenya ($3.2 billion) and Tanzania ($3.2 billion).

Notes 1. External loans to developing countries are extended by both official and private creditors. Loans contracted by

24

public sector borrowers, or benefitting from a public sector guarantee, are categorized as public and publicly guaranteed debt. Loans contracted by private sector borrowers without any public sector guarantee constitute private non guaranteed debt. 2. Borrowers with outstanding obligations to IBRD classified as high-income countries and not included in the DRS are Barbados, Croatia, Estonia, Hungary, Republic of Korea, Poland, Slovak Republic, Slovenia, and Trinidad and Tobago.


.

Summary Tables


S U M M A R Y

Summary Table 1. Key indebtedness indicators, 2008–10

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, 2010 ($ millions)

2,297 4,736 5,276 18,562 127,849 6,103 6,974 24,963 25,726 1,045 1,221 898 5,267 8,457 1,709 346,978 48,077 2,053 537 4,676 2,964 857 385 1,733 86,349 548,551 63,064 485 5,774 3,781 8,849 11,430 751 267 13,045 14,815 34,844 11,069 1,010 7,147 452 2,331 470 9,238 8,368 576 14,340 2,923 1,095 1,354 492 4,168 290,282

Present value of debt, 2010 ($ millions)

721 3,616 4,687 15,787 121,281 4,687 3,894 15,886 23,088 784 852 714 2,999 6,716 1,141 326,721 44,915 1,538 194 3,652 1,194 455 246 1,845 78,746 522,861 92,182 163 2,972 1,577 8,090 10,597 500 202 10,906 12,770 28,793 9,732 597 3,924 403 2,126 217 7,536 4,956 631 12,115 2,007 124 762 282 1,971 252,804

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

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

67 115 6 26 158 238 25 132 83 129 101 109 72 120 28 155 170 225 418 75 47 136 119 54 108 33 145 714 151 46 65 95 176 163 107 75 56 201 1,237 194 28 18 157 225 103 309 139 211 766 131 55 57 91

21 88 5 22 150 183 14 84 75 96 70 87 41 95 19 146 159 169 151 59 19 72 76 57 99 31 212 240 78 19 59 88 117 124 89 64 46 177 732 107 25 16 73 184 61 338 118 145 87 74 32 27 79

Ratio of total external debt to GNI (%)

21 39 3 26 40 60 16 26 47 84 18 69 31 47 13 20 102 25 39 46 13 56 19 27 52 11 26 91 52 47 29 52 65 74 28 26 18 53 57 24 15 21 64 80 30 96 37 78 130 57 8 30 20

Ratio of present value of debt to GNI (%)

6 30 3 22 37 46 9 16 42 63 13 55 17 37 9 19 95 19 14 36 5 29 12 28 48 10 38 31 27 20 27 48 43 56 24 22 15 46 34 13 13 19 29 65 18 106 32 54 15 32 4 14 18

(table continues on next page)

27

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 2

Summary Table 1. Key indebtedness indicators, 2008–10 (continued)

Country

Indonesia Iran, Islamic Rep. Jamaica Jordan Kazakhstan Kenya Kosovo Kyrgyz Republic Lao PDR Latvia 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 St. Vincent and the Grenadines Sudan Swaziland Syrian Arab Republic Tajikistan

Total external debt, 2010 ($ millions)

Present value of debt, 2010 ($ millions)

179,064 12,570 13,865 7,822 118,723 8,400 342 3,984 5,559 39,555 24,293 726 228 29,602 5,804 2,295 922 81,497 1,229 2,326 2,461 1,076 200,081 4,615 2,444 1,554 25,403 4,124 6,352 3,702 4,786 1,127 7,883 56,773 11,412 5,822 4,938 36,271 72,337 121,505 384,740 795 308 170 3,677 32,222 1,510 778 215 2,942 45,165 20,452 203 464 261 21,846 616 4,729 2,955

159,754 10,954 13,246 6,672 101,695 5,912 241 1,750 3,959 36,684 23,420 396 86 27,225 5,289 1,832 717 75,406 1,020 1,425 2,364 803 178,631 4,076 1,697 1,331 20,820 1,980 4,206 2,752 2,249 561 5,582 41,425 10,049 4,580 4,298 32,384 62,514 101,112 347,210 595 174 49 2,591 28,351 1,377 432 148 3,656 44,196 15,887 173 390 191 37,205 592 4,294 2,202

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

114 — 232 60 181 102 35 150 296 280 102 43 37 116 130 75 82 36 129 94 131 20 68 154 83 71 82 137 — 203 150 107 10 218 62 101 55 100 115 205 80 137 160 777 95 229 170 207 68 — 46 201 97 81 127 199 27 25 196

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

102 — 221 51 155 72 25 66 211 260 98 24 14 107 118 60 63 33 107 58 126 15 60 136 58 60 67 66 — 151 71 53 7 159 55 79 48 89 100 171 72 103 90 224 67 201 155 115 47 — 45 156 82 68 93 339 26 23 146

Ratio of total external debt to GNI (%)

32 4 107 30 104 28 6 86 92 139 70 31 31 75 63 26 20 39 95 27 71 11 20 74 48 37 29 44 — 27 78 21 4 33 50 70 30 28 40 70 27 15 58 90 28 76 189 41 41 — 15 47 39 53 47 41 20 9 57

Ratio of present value of debt to GNI (%)

28 3 102 26 89 20 4 38 65 129 67 17 12 69 57 21 16 36 79 16 68 8 18 65 33 31 23 21 — 20 37 10 3 24 44 55 26 25 35 58 25 12 33 26 20 67 173 23 28 — 15 37 33 44 35 70 19 8 42

(table continues on next page)

28


S U M M A R Y

Summary Table 1. Key indebtedness indicators, 2008–10 (continued)

Country

Tanzania Thailand Togo Tonga Tunisia Turkey Turkmenistan Uganda Ukraine Uruguay Uzbekistan Vanuatu Venezuela, R.B. Vietnam Yemen, Rep. Zambia Zimbabwe

Total external debt, 2010 ($ millions)

Present value of debt, 2010 ($ millions)

8,664 71,263 1,728 144 21,584 293,872 422 2,994 117,128 11,347 7,404 148 55,572 35,139 6,324 3,689 5,016

4,947 66,153 392 92 19,307 270,204 380 1,100 107,452 10,234 5,972 113 55,591 26,565 3,971 1,561 6,001

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

148 34 154 260 86 180 3 90 157 113 56 54 70 49 71 63 230

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

Ratio of total external debt to GNI (%)

85 31 35 167 77 165 2 33 144 102 45 41 70 37 44 27 275

40 26 61 41 53 43 2 19 82 34 22 23 16 38 24 28 92

Ratio of present value of debt to GNI (%)

23 24 14 26 47 39 2 7 75 31 18 18 16 29 15 12 110

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), International Monetary Fund (IMF), and 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 end-2004 (for the IMF, AfDF, and IDB) or end-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 the HIPC Initiative is included for countries in the interim period (between decision and completion point of the HIPC Initiative).

29

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 2

Summary Table 2. Composition of Total External Debt Stocks for 2010 $ 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

2,297

2,076

1,118

958

0

Albania

4,736

4,105

1,522

637

401

Algeria

5,276

3,498

10

1,795

0

Angola

18,562

15,440

436

7,716

0 43,571

127,849

92,844

16,918

6,004

Armenia

Argentina

6,103

4,744

1,513

1,042

0

Azerbaijan

6,974

6,050

1,745

920

0

Bangladesh

24,963

21,371

18,460

2,842

0

Belarus

25,726

10,251

295

5,587

1,802

Belize

1,045

1,031

256

150

21

Benin

1,221

1,134

927

207

0

Bhutan

898

892

332

561

0

Bolivia

5,267

5,164

2,259

523

0

Bosnia and Herzegovina

8,457

6,899

2,416

869

273

Botswana

1,709

1,352

1,222

129

0

346,978

281,482

29,747

11,504

41,323

48,077

32,704

2,330

823

1,301

2,053

1,925

1,600

307

0

537

412

344

68

0

Cambodia

4,676

4,414

1,529

2,885

0

Cameroon

Brazil Bulgaria Burkina Faso Burundi

2,964

2,762

788

1,381

0

Cape Verde

857

847

597

197

0

Central African Republic

385

218

29

154

0

Chad

1,733

1,708

1,483

196

0

Chile

86,349

60,470

801

224

8,413

China

548,551

201,027

35,120

32,084

10,273

63,064

54,855

15,786

432

17,686 0

Colombia Comoros

485

469

204

265

Congo, Dem. Rep.

5,774

4,957

2,571

2,279

0

Congo, Rep.

3,781

3,531

219

2,497

0

Costa Rica

8,849

6,418

1,709

430

1,435

11,430

10,696

2,228

6,445

1,621

Djibouti

751

739

409

309

0

Dominica

267

216

116

55

40 1,721

Côte d’Ivoire

Dominican Republic

13,045

9,958

3,074

3,091

Ecuador

14,815

14,446

5,171

2,404

868

Egypt, Arab Rep.

34,844

31,695

9,019

18,844

3,333

El Salvador

2,199

11,069

9,964

3,526

648

Eritrea

1,010

1,003

651

313

0

Ethiopia

7,147

6,545

2,812

1,825

0

Fiji

452

391

116

125

150

Gabon

2,331

2,158

384

521

879

Gambia, The Georgia

470 9,238

395 7,224

267 1,802

118 588

0 750

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

0

0

0

0

410

119

412

0

1,133

26

850

58

102 573

726

0

968

9

0

0

1,778

7,287

0

0

0

378

882

2,241

838

7,855

17,659

5,349

0

0

35,005 618

1

0

2,187

106

1,161

741

1,226

0

2,158

300

763

46

878

69

0

0

0

10,653

617

2,974

166

0

2,401

291

0

3,495

11,980

594

0

10

12

0

7

7

0

0

0

0

383

55

32

0

0

0

0

112

0

6

24

0

2,358

0

355

0

103

193

0

3,149

445

1,180

521

1,037

1

0

0

6

4

0

357

13,968

83,032

101,908

13,523

0

0

65,496

13

134

28,104

1,338

0

0

15,373

18

0

0

0

776

129

0

0

0

0

0

163

110

16

0

0

0

0

565

0

262

15

0

577

24

350

172

31

53

0

0

0

303

9

2

34

0

0

0

14

90

77

30

0

0

0

865

17

8

3,491

7,061

40,480

189

0

0

25,879

12,703

17,976

92,871

12,962

9,000

0

347,524

2,873

3,329

14,749

7,504

0

0

8,209

0

0

0

0

116

12

4

106

0

0

0

849

323

494

815

0

0

0

84

27

222

151

0

2,693

570

0

0

2,431

122

0

280

14

1,749

383

351

20

0

0

0

155

12

1

4

0

0

1

27

18

32

1,229

843

0

864

7

1,139

1,948

155

0

5,848

446

10

0

369

445

0

54

2,543

1,338

0

3,149

21

0

3,569

915

8

0

1,105

38

0

0

0

468

0

7

1,907

0

0

0

1,804

288

314

0

0

1

0

0

0

61

374

0

0

22

0

0

174

10 941

0 0

0 3,143

0 173

65 1,186

31 1,050

44 963 (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 2

Summary Table 2. Composition of Total External Debt Stocks for 2010 (continued) $ millions Public and publicly guaranteed debt, bilateral

Public and publicly guaranteed debt, bonds

Country

Total external debt stocks

Ghana

8,368

5,727

2,620

1,360

750

576

495

190

89

210

Grenada Guatemala

Total long-term external debt

Public and publicly guaranteed debt, multilateral

14,340

12,745

4,213

359

955

Guinea

2,923

2,752

1,798

918

0

Guinea-Bissau

1,095

963

492

471

0

Guyana

1,354

888

502

365

0

492

479

71

408

0

4,168

3,740

1,891

823

50

Haiti Honduras India

290,282

233,834

46,531

26,111

20,430

Indonesia

179,064

147,809

22,567

43,917

16,990

Iran, Islamic Rep.

12,570

6,411

830

1,195

0

Jamaica

13,865

11,900

2,348

912

3,786

Jordan

7,822

6,504

2,528

2,892

914

118,723

109,686

2,785

1,057

0

8,400

6,978

4,110

2,557

0

342

342

342

0

0

Kyrgyz Republic

3,984

3,612

1,296

1,146

0

Lao PDR

5,559

5,549

1,983

955

0

Kazakhstan Kenya Kosovo

Latvia

39,555

25,319

5,246

11

1,069

Lebanon

24,293

20,713

1,320

906

17,422

Lesotho

726

698

623

61

0

Liberia

228

184

63

120

0

29,602

24,133

1,612

0

10,052

Lithuania Macedonia, FYR

5,804

3,750

1,112

242

434

Madagascar

2,295

1,984

1,536

437

0

922

715

576

139

0

81,497

46,421

237

3,513

15,575 0

Malawi Malaysia Maldives

1,229

989

311

236

Mali

2,326

2,271

1,790

476

0

Mauritania

2,461

2,174

1,350

823

0

Mauritius Mexico

1,076

1,072

501

383

0

200,081

161,068

21,112

4,542

63,519

Moldova

4,615

2,723

556

258

0

Mongolia

2,444

2,016

1,073

716

0

Montenegro Morocco

1,554

1,368

556

281

267

25,403

23,603

10,149

7,085

1,336

Mozambique

4,124

2,960

2,205

657

0

Myanmar

6,352

4,395

1,415

2,574

0

Nepal

3,702

3,527

3,150

374

0

Nicaragua

4,786

3,922

1,637

1,028

0

Niger

1,127

972

720

251

0

Nigeria

7,883

4,686

4,304

289

0

Pakistan Panama

56,773 11,412

45,746 11,412

24,614 1,814

16,789 314

1,550 8,071

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

997

0

0

0

1,868

392

5

0

0

14

44

29

2,249 52

0

5

7,213

1,372

0

0

1,595

37

0

0

0

1,248

48

123

0

0

0

0

289

4

128

21

0

0

0

9

56

410

0

0

0

0

0

13

0

34

0

942

0

602

30

398

13,134

13,633

113,996

11,180

25,888

0

56,448

7,550

5,788

50,996

9,054

2,313

0

31,255

4,385

0

0

801

0

0

6,159

548

4,290

17

579

0

785

1,180

170

0

0

1,008

32

8

1,310

0

21,044

84,800

1,830

0

0

9,037

311

0

0

0

3,238

417

1,005

0

0

0

342

0

0

0

0

0

1,171

0

649

177

195

0

0

2,610

0

655

10

0

566

267

18,161

421

0

1,513

12,723

565

500

0

321

0

98

3,482

14

0

0

2

328

28

0

0

0

0

0

0

44

0

0

793

11,675

20

0

0

5,469

77

0

1,885

315

367

0

2,054

7

0

3

0

1,161

97

214

0

0

0

0

243

146

61

6,470

4,893

15,733

0

0

0

35,076

105

0

336

0

99

16

224

5

0

0

0

840

49

6

1

0

0

0

316

50

237

88

0

100

197

7

0

3

22,294

29,970

19,630

12,462

0

0

39,013

3

0

1,906

93

386

327

1,564

7

0

221

0

403

198

230

245

0

19

236

79

0

186

2,444

0

2,589

2,468

13

0

1,800

98

0

0

0

1,491

190

975

406

0

0

0

799

0

1,956

3

0

0

0

1,426

114

61

3

0

1,255

0

447

167

697

0

0

0

0

275

61

94

92

0

0

43

3,662

0

3,197

249 223

250 911

2,294 80

1,688 420

10,118 0

8,736 0

2,291 0 (table continues on next page)

33

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 2

Summary Table 2. Composition of Total External Debt Stocks for 2010 (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

5,822

5,430

712

285

0

Paraguay

4,938

3,791

1,496

613

0

Peru

36,271

30,216

7,854

2,719

9,311

Philippines

72,337

66,042

8,372

14,826

20,221

Romania

121,505

81,383

13,373

860

1,670

Russian Federation

384,740

345,983

3,042

3,347

82,643

Rwanda

795

766

639

126

0

Samoa

308

299

219

80

0

SĂŁo TomĂŠ and Principe

170

145

37

108

0

Senegal

3,677

3,464

1,976

979

200

Serbia

32,222

27,389

4,848

3,296

0

1,510

498

74

174

169

Sierra Leone

778

661

371

79

0

Solomon Islands

215

202

106

20

0

2,942

1,990

801

1,153

0

Seychelles

Somalia South Africa

45,165

32,860

1,139

0

11,065

Sri Lanka

20,452

17,368

6,079

7,524

2,000

St. Kitts and Nevis

203

198

99

34

24

St. Lucia

464

286

202

21

8

St. Vincent and the Grenadines

261

255

188

18

0

21,846

14,444

3,342

8,474

0 0

Sudan Swaziland

616

385

240

123

Syrian Arab Republic

4,729

4,171

1,591

2,580

0

Tajikistan

2,955

2,733

945

861

0

Tanzania

8,664

6,795

4,382

1,077

0

Thailand

71,263

32,791

187

6,656

1,954

1,728

1,534

837

697

0

144

144

71

72

0

Tunisia

21,584

16,605

6,664

3,494

3,819

Turkey

293,872

210,123

19,780

6,724

46,276

422

367

14

327

0

Uganda

2,994

2,671

2,416

255

0

Ukraine

116,808

76,104

4,392

1,397

9,148

Uruguay

11,347

9,797

3,495

117

6,021

7,404

7,167

1,175

1,998

0

148

99

69

30

0

Venezuela, R.B.

55,572

40,146

4,014

942

29,762

Vietnam

2,020

Togo Tonga

Turkmenistan

Uzbekistan Vanuatu

35,139

28,145

12,262

12,993

Yemen, Rep.

6,324

5,933

3,283

2,647

0

Zambia

3,689

2,104

924

353

0

5,016 4,076,298

4,064 2,975,259

1,593 483,841

1,660 338,734

0 527,752

Zimbabwe All developing countries

34


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

33

0

4,400

139

86

0

392

260

0

1,421

257

13

0

1,147 6,055

143

7,298

2,891

2,965

0

0

1,221

1,651

19,751

2,567

171

0

6,295

4,654

0

60,826

2,830

0

15,092

25,029

73,891

73,329

109,730

2,618

0

0

38,756

0

0

0

0

259

15

14

0

0

0

0

99

9

0

0

0

0

0

14

5

20

0

0

308

0

1,017

213

0

1,332

165

17,747

1,818

681

2,034

2,798

82

0

0

17

0

31

980

211

0

0

0

155

113

4

0

0

77

0

42

10

4

37

0

0

0

443

172

780

5,549

5,471

9,636

384

0

0

12,305

847

0

919

0

2,531

1,311

1,773

41

0

0

10

1

3

1

55

0

0

21

59

11

167

49

0

0

5

21

6

0

2,629

0

0

0

1,290

390

7,012

23

0

0

2

2

0

231

0

0

0

0

15

0

558

0

0

927

0

377

101

122

113

0

1,224

0

3,248

354

1,515

2,561

4,570

16,864

73

56

0

38,471

0

0

0

0

554

133

61

1

0

0

0

24

0

0

632

0

1,996

1,381

18

0

4,979

20,308

8,502

108,533

11,563

42

5,627

78,123

18

0

7

11

0

0

55

0

0

0

0

1,682

9

314

1,308

5,114

54,744

3,212

0

14,245

26,459

72

93

0

1,055

0

0

1,550

252

0

3,741

259

114

0

238

0

0

0

0

12

0

49

2,368

3,060

0

0

0

0

15,426

870

0

0

700

7,010

45

6,949

3

0

0

0

2,180

78

313

33

0

794

0

430

395

1,191

432 232,259

0 311,827

378 1,080,846

463 124,852

513 118,607

110 64,661

843 1,036,378 (table continues on next page)

35

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 2

Summary Table 2. Composition of Total External Debt Stocks for 2010 (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

East Asia and the Pacific

1,013,971

545,176

86,037

121,732

67,184

Europe and Central Asia

1,273,418

994,159

72,697

32,271

156,088

Latin America and the Caribbean

238,992

1,038,725

828,184

130,489

38,770

Middle East and North Africa

143,595

119,872

35,803

41,747

26,825

South Asia

400,596

325,804

100,595

55,395

23,980

Sub-Saharan Africa

205,992

162,065

58,220

48,821

14,684

Low-income countries

116,593

99,631

63,201

28,856

0

3,959,705

2,875,628

420,640

309,878

527,752

Middle-income countries

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

36


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

31,822

34,878

203,524

25,494

21,234

271

468,525

105,607

109,348

518,148

28,251

7,835

45,027

234,232

49,464

147,747

222,723

48,533

1,606

2,265

208,277

9,391

500

5,606

8,532

3,751

195

23,528

14,407

13,883

117,545

12,868

51,238

10,913

63,879

21,568

5,471

13,301

1,175

32,943

5,991

37,936

3,871

0

3,703

463

36,019

4,156

12,806

228,387

311,827

1,077,144

124,389

82,589

60,505

1,023,572

37

T A B L E S


.

Regional and Income Group Aggregate Tables


ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,860,622 1,469,870 1,261,379 208,491 59,881 330,871 44,516

2,126,351 1,778,340 1,287,438 490,902 58,266 289,745 31,741

2,514,065 1,964,052 1,282,903 681,149 49,179 500,834 28,423

2,675,295 2,061,665 1,246,306 815,359 19,859 593,771 26,027

3,220,517 2,440,930 1,355,843 1,085,088 15,540 764,046 27,637

3,499,172 2,713,910 1,397,456 1,316,454 25,740 759,522 27,495

3,639,595 2,813,091 1,477,075 1,336,016 53,298 773,206 26,428

4,076,298 2,975,259 1,582,586 1,392,674 64,661 1,036,378 21,090

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

104,584 1,256,292 213,578 140,659

60,643 1,281,540 496,800 145,910

46,229 1,278,312 685,740 159,300

44,775 1,242,003 819,662 143,401

47,648 1,350,991 1,089,940 194,324

49,140 1,391,811 1,322,099 185,948

50,978 1,465,482 1,347,609 247,087

40,871 1,570,204 1,405,056 250,764

External debt flows Disbursements Long-term external debt IMF purchases

209,547 181,764 27,783

238,467 228,352 10,114

383,223 379,262 3,961

479,002 474,888 4,113

660,569 658,556 2,013

665,013 650,407 14,607

534,464 505,843 28,621

655,672 638,831 16,842

Principal repayments Long-term external debt IMF repurchases

120,574 111,933 8,641

232,473 211,870 20,603

327,078 282,956 44,122

383,096 352,277 30,819

362,730 355,576 7,155

396,227 392,427 3,800

383,041 381,197 1,844

428,917 425,895 3,022

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

143,080 69,831 54,107

-1,521 16,482 -7,515

137,740 96,307 81,594

191,239 122,612 95,333

466,100 302,980 168,261

264,404 257,980 -4,383

166,167 124,646 14,744

495,230 212,936 268,474

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

85,036 67,490 2,632 14,913

112,744 93,903 2,865 15,976

103,710 83,820 3,277 16,613

117,392 94,204 1,622 21,565

137,334 109,208 710 27,416

142,601 120,813 979 20,809

125,886 111,244 571 14,071

154,434 111,949 986 41,499

94,837 13,317

148,721 13,948

314,484 67,472

387,525 107,699

534,141 132,952

624,110 -53,363

399,950 108,756

506,062 128,413

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 (%) .. 13.0 1.6 1.1 48.2

.. 11.9 1.0 0.5 63.0

14.0 10.1 1.1 0.6 66.0

14.5 9.9 0.7 0.6 66.7

14.8 8.9 0.6 0.6 67.6

13.5 10.6 0.4 0.5 67.8

14.1 10.1 0.5 0.5 67.9

12.7 10.4 0.5 0.4 69.4

5.8 19.2 5.4

4.8 20.2 5.0

3.6 22.1 5.7

3.9 22.8 6.2

3.6 23.3 6.5

2.8 23.6 6.5

1.9 21.5 6.2

1.8 22.9 6.7

6.5 7.4 3.4

8.2 11.2 8.5

6.3 11.3 8.7

6.2 11.9 9.4

6.4 11.0 8.1

6.0 11.7 8.0

6.2 9.7 8.2

4.9 12.4 9.0

4,797,416 1,141,830 53,349 1,301,854 36,709 439,401

5,628,860 1,654,724 77,752 1,706,988 67,823 642,754

9,436,088 3,310,882 186,981 3,271,139 196,687 1,979,073

11,209,853 4,048,536 221,642 3,896,346 257,048 2,615,959

13,910,950 4,905,753 276,403 4,773,434 325,986 3,701,232

16,633,250 5,900,518 322,921 5,834,427 378,327 4,153,683

16,264,212 4,727,932 306,271 4,764,531 319,275 4,835,610

19,437,081 5,936,528 319,552 6,033,022 342,894 5,587,636

163.0 38.8 18.0 17.8 15.0 23.6 4.1

128.5 37.8 20.9 13.6 15.4 30.2 4.5

75.9 26.6 13.0 19.9 14.9 78.7 7.3

66.1 23.9 12.4 22.2 13.0 97.8 8.1

65.6 23.2 10.2 23.7 11.6 114.9 9.3

59.3 21.0 9.1 21.7 11.3 118.7 8.5

77.0 22.4 10.8 21.2 12.2 132.9 12.2

68.7 21.0 9.8 25.4 11.9 137.1 11.1

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)

40


ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1,469,870 1,261,379 764,851 278,753 106,440 71,495 486,099 496,528 220,501 146,863 208,491 51,018

1,778,340 1,287,438 751,694 326,618 108,322 86,796 425,076 535,744 341,957 125,803 490,902 89,492

1,964,052 1,282,903 715,244 373,641 96,370 121,077 341,602 567,659 400,279 125,950 681,149 155,162

2,061,665 1,246,306 636,440 348,159 92,386 99,005 288,282 609,866 409,788 163,807 815,359 192,861

2,440,930 1,355,843 668,757 373,874 93,651 107,675 294,883 687,086 455,913 198,841 1,085,088 250,265

2,713,910 1,397,456 711,011 395,001 96,696 111,269 316,011 686,445 468,243 190,359 1,316,454 241,846

2,813,091 1,477,075 772,345 443,775 108,696 116,967 328,570 704,730 484,388 189,535 1,336,016 256,961

2,975,259 1,582,586 822,575 483,841 124,852 118,607 338,734 760,010 527,752 202,652 1,392,674 311,827

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

181,764 128,269 64,895 31,117 12,545 5,474 33,778 63,374 22,036 22,190 53,495 14,063

228,352 137,193 52,387 34,261 12,969 5,219 18,126 84,806 55,784 18,131 91,159 10,810

379,262 142,619 46,076 34,253 9,180 7,207 11,823 96,543 61,066 31,775 236,643 47,975

474,888 151,919 54,722 40,007 11,934 6,771 14,715 97,197 57,988 34,149 322,969 54,555

658,556 186,837 60,069 43,714 10,498 7,358 16,355 126,768 75,318 47,852 471,718 84,368

650,407 174,672 68,706 47,599 13,608 6,864 21,107 105,966 73,523 30,035 475,734 27,235

505,843 217,405 100,215 72,435 22,703 8,712 27,780 117,190 69,052 41,806 288,439 37,236

638,831 253,309 105,448 71,390 26,246 7,688 34,059 147,860 86,861 51,398 385,522 86,053

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

111,933 86,015 42,587 19,653 11,364 542 22,934 43,428 11,091 15,281 25,918 4,042

211,870 113,674 47,540 22,591 9,418 948 24,949 66,134 31,454 23,256 98,197 15,032

282,956 145,932 70,215 26,691 12,130 1,621 43,524 75,717 44,589 22,303 137,024 15,063

352,277 191,849 97,008 36,471 17,188 1,779 60,536 94,841 60,257 25,145 160,428 17,980

355,576 127,648 53,409 26,490 10,866 1,836 26,920 74,239 43,145 23,976 227,927 24,880

392,427 143,529 49,992 26,982 10,947 2,296 23,010 93,537 53,897 32,407 248,898 20,144

381,197 117,318 46,498 25,467 10,860 2,252 21,031 70,820 32,705 30,706 263,879 22,467

425,895 124,527 48,021 25,854 9,165 2,342 22,167 76,506 35,031 33,484 301,368 26,500

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

67,490 56,594 27,407 13,162 7,614 503 14,245 29,186 14,713 7,822 10,897 3,172

93,903 63,242 25,999 15,237 7,456 577 10,762 37,243 25,003 8,561 30,662 7,776

83,820 60,511 23,934 10,581 4,020 897 13,353 36,578 30,128 4,919 23,309 8,861

94,204 56,330 19,726 11,672 4,782 811 8,055 36,604 28,827 6,256 37,874 14,076

109,208 59,793 20,230 12,878 5,435 758 7,352 39,563 31,222 6,539 49,415 16,282

120,813 59,141 19,011 12,309 4,576 908 6,702 40,131 31,726 6,706 61,671 15,893

111,244 54,237 16,999 10,515 3,432 798 6,484 37,238 30,820 5,180 57,006 16,400

111,949 55,120 16,592 8,930 2,256 825 7,662 38,528 33,011 4,349 56,829 18,110

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

750

Non-debt flows (bill US$)

500

100

250

50

0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

Debt ratios (%)

150

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

41

2006

2007

2008

2009

Reserves to debt

2010


EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

455,520 345,358 255,375 89,982 1,337 108,826 2,952

496,193 418,119 270,964 147,155 16,452 61,621 5,336

613,430 407,365 260,850 146,515 8,545 197,521 1,090

646,167 423,399 258,676 164,723 239 222,529 994

722,828 447,902 260,102 187,799 215 274,712 1,125

754,725 491,239 279,621 211,618 162 263,325 1,155

833,821 506,653 294,848 211,805 291 326,877 1,226

1,013,971 545,176 306,774 238,402 271 468,525 1,338

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

10,943 253,988 91,370 46,429

7,461 270,613 147,507 26,963

5,929 260,329 147,036 24,975

4,680 258,181 165,219 20,367

5,344 259,670 188,232 19,086

5,478 279,193 212,046 28,871

5,779 289,934 216,719 42,584

6,228 301,969 243,207 41,977

External debt flows Disbursements Long-term external debt IMF purchases

59,108 58,906 203

43,658 42,165 1,493

74,963 74,963 0

77,070 77,070 0

91,224 91,224 0

88,656 88,656 0

88,027 87,853 174

123,095 123,062 33

Principal repayments Long-term external debt IMF repurchases

32,238 31,848 390

47,273 47,006 267

68,930 67,332 1,597

71,474 62,995 8,479

75,661 75,626 35

72,306 72,257 49

82,541 82,490 50

85,742 85,694 48

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

54,090 27,058 27,220

-14,427 -4,841 -10,812

40,865 7,631 34,831

30,700 14,075 25,105

67,614 15,598 52,051

4,933 16,399 -11,417

68,968 5,363 63,481

178,890 37,368 141,537

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

20,622 15,538 69 5,014

25,234 20,430 793 4,011

17,861 12,844 336 4,682

21,999 14,244 308 7,446

25,492 17,456 3 8,033

23,024 16,909 1 6,114

18,701 14,303 2 4,397

47,087 18,042 2 29,042

50,796 3,746

45,168 6,589

142,435 25,684

151,673 56,191

198,905 35,094

214,135 -7,326

137,453 28,868

227,709 40,463

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 (%) .. 28.2 0.4 0.5 36.7

.. 28.3 0.4 0.2 55.8

8.4 26.5 0.7 0.3 57.1

9.0 25.5 0.6 0.2 58.1

9.2 24.4 0.6 0.2 58.9

7.5 27.0 0.4 0.2 59.1

6.6 24.6 0.3 0.2 62.8

5.7 25.5 0.3 0.1 63.0

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 25.5 7.3

2.3 24.9 7.1

1.5 24.7 6.3

1.3 24.8 7.4

6.4 9.6 4.4

6.6 13.0 5.0

5.6 11.1 8.3

6.6 15.7 11.4

5.2 16.2 11.9

5.2 13.0 8.5

6.8 11.1 8.7

5.5 15.2 7.6

1,284,827 416,035 8,918 452,272 15,893 167,801

1,680,605 636,015 15,799 606,287 31,671 283,042

3,041,210 1,379,914 50,286 1,277,026 73,892 1,020,252

3,664,541 1,705,206 57,409 1,479,822 77,104 1,315,651

4,642,068 2,108,699 71,009 1,764,197 91,664 1,856,871

5,871,392 2,462,617 85,446 2,092,510 104,299 2,289,107

6,347,846 2,101,318 85,963 1,836,862 117,556 2,824,082

7,530,404 2,741,865 91,959 2,458,638 122,031 3,375,065

109.5 35.5 12.7 23.9 11.8 36.8 4.5

78.0 29.5 11.4 12.4 13.3 57.0 5.6

44.5 20.2 6.3 32.2 10.5 166.3 9.6

37.9 17.6 5.5 34.4 10.3 203.6 10.7

34.3 15.6 4.8 38.0 9.6 256.9 12.6

30.6 12.9 3.9 34.9 9.8 303.3 13.1

39.7 13.1 4.8 39.2 9.7 338.7 18.4

37.0 13.5 4.8 46.2 8.5 332.9 16.5

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


EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

345,358 255,375 159,571 53,607 27,912 9,692 105,964 95,804 23,690 39,894 89,982 15,574

418,119 270,964 171,436 65,756 30,476 12,520 105,680 99,529 35,834 33,257 147,155 22,077

407,365 260,850 172,445 64,368 23,331 16,498 108,076 88,405 52,285 17,675 146,515 24,435

423,399 258,676 172,494 66,424 22,550 17,683 106,069 86,182 54,913 14,755 164,723 25,472

447,902 260,102 177,954 69,641 21,693 19,086 108,313 82,148 55,340 12,881 187,799 22,968

491,239 279,621 194,122 73,617 22,275 19,683 120,505 85,498 57,220 15,440 211,618 21,711

506,653 294,848 201,669 80,671 23,383 20,921 120,998 93,179 60,812 16,838 211,805 22,840

545,176 306,774 207,769 86,037 25,494 21,234 121,732 99,005 67,184 17,728 238,402 34,878

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

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

42,165 28,718 15,620 6,943 3,245 700 8,677 13,099 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

77,070 25,828 11,687 5,930 2,012 754 5,757 14,141 9,036 1,912 51,241 3,444

91,224 19,599 11,712 6,715 2,347 1,058 4,997 7,887 4,295 1,207 71,625 1,701

88,656 22,764 12,640 7,775 3,200 1,152 4,865 10,124 5,180 3,411 65,893 368

87,853 38,112 16,345 10,039 3,710 1,550 6,306 21,768 13,903 3,701 49,740 2,733

123,062 41,164 16,340 8,612 4,503 1,068 7,728 24,823 12,914 5,869 81,898 15,328

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

31,848 21,663 8,355 3,094 2,152 50 5,261 13,308 1,854 5,320 10,185 120

47,006 22,798 10,243 4,062 2,006 107 6,181 12,555 1,211 7,160 24,208 5,168

67,332 24,499 10,767 4,609 2,798 286 6,158 13,732 4,318 5,471 42,833 2,115

62,995 25,130 12,510 4,676 2,891 324 7,834 12,620 5,432 2,684 37,865 3,022

75,626 22,485 15,093 4,969 3,336 368 10,124 7,392 2,103 2,606 53,141 2,719

72,257 21,880 13,556 4,781 2,775 413 8,775 8,325 2,808 1,675 50,377 1,533

82,490 24,895 12,810 4,590 2,583 450 8,220 12,084 5,323 2,629 57,596 2,929

85,694 26,291 12,912 4,686 2,422 478 8,226 13,379 5,482 2,993 59,403 1,947

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

15,538 12,045 6,283 3,051 1,999 69 3,232 5,763 1,238 2,462 3,493 503

20,430 12,891 7,237 3,833 2,146 87 3,404 5,654 2,288 1,921 7,539 1,942

12,844 8,633 4,043 2,018 1,028 133 2,025 4,590 3,217 845 4,211 1,293

14,244 9,262 4,470 2,245 1,168 131 2,225 4,793 3,658 609 4,982 1,486

17,456 10,583 5,113 2,492 1,298 134 2,621 5,470 3,952 717 6,873 1,495

16,909 10,174 4,664 2,282 1,085 146 2,382 5,510 4,064 615 6,735 1,239

14,303 9,419 3,947 1,726 734 139 2,221 5,473 4,380 547 4,883 1,154

18,042 10,524 4,578 1,408 524 146 3,170 5,947 4,928 559 7,518 1,308

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

300

Non-debt flows (bill US$)

Debt ratios (%)

400 350 300

200

250 200 150

100

100 50 0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

43

2006

2007

2008

2009

Reserves to debt

2010


EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

246,643 199,574 189,317 10,256 15,788 31,282 7,818

367,800 286,518 218,325 68,193 21,773 59,508 8,508

613,601 475,282 210,641 264,641 18,810 119,508 4,098

751,739 577,435 242,314 335,121 13,088 161,216 1,538

1,047,612 804,863 305,645 499,218 8,550 234,199 1,586

1,206,210 963,516 303,463 660,053 15,158 227,536 1,773

1,212,410 987,057 330,536 656,521 36,222 189,131 1,890

1,273,418 994,159 366,663 627,496 45,027 234,232 1,461

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

28,017 188,810 10,764 14,658

14,077 217,784 68,734 21,526

3,545 209,966 265,316 31,207

2,020 241,672 335,764 35,572

2,172 304,744 500,119 73,011

2,925 302,113 661,403 49,376

4,869 328,949 658,109 51,691

6,821 364,450 629,710 62,533

External debt flows Disbursements Long-term external debt IMF purchases

23,031 15,008 8,024

41,443 37,075 4,369

152,487 149,698 2,789

205,008 201,927 3,081

309,225 307,980 1,245

341,148 331,656 9,492

215,289 193,895 21,394

248,650 237,021 11,629

Principal repayments Long-term external debt IMF repurchases

12,765 12,113 652

31,287 26,370 4,917

96,625 84,041 12,585

107,038 98,148 8,889

120,846 114,566 6,280

168,258 165,770 2,488

165,077 164,143 935

206,788 204,517 2,271

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

14,234 2,895 3,968

19,521 10,705 9,365

76,638 65,657 20,776

142,238 103,778 44,268

260,909 193,414 72,530

166,040 165,887 -6,850

11,689 29,753 -38,523

87,393 32,505 45,531

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

9,256 7,589 558 1,109

16,753 12,716 1,064 2,973

25,483 20,298 1,125 4,060

32,919 26,396 905 5,618

44,026 35,376 623 8,027

55,227 47,473 429 7,326

49,767 44,530 454 4,784

46,433 40,530 818 5,085

5,778 248

9,798 986

51,962 6,680

94,338 12,301

136,152 27,002

162,200 -15,265

85,927 6,367

86,268 -846

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 0.8 2.7 47.6

.. 5.2 0.3 0.3 64.1

20.9 3.3 0.2 0.5 70.9

19.4 2.9 0.1 1.1 73.2

18.5 2.4 0.1 1.0 75.7

19.2 3.1 0.0 1.0 74.6

21.6 2.9 0.0 0.4 73.0

21.5 2.9 0.0 0.3 73.1

5.7 17.0 5.4

5.7 17.8 5.3

2.7 22.8 6.4

3.9 18.6 5.9

4.2 18.4 6.1

3.7 19.8 7.0

2.4 18.4 5.9

2.3 18.9 6.5

6.5 6.2 2.6

8.7 9.8 7.5

5.4 8.0 5.9

5.9 7.7 6.2

5.9 8.1 6.1

5.8 7.7 5.5

6.2 6.6 5.9

4.8 9.2 7.7

758,617 203,616 6,482 223,651 623 43,240

694,348 261,256 9,297 249,262 3,065 68,091

1,662,717 619,868 19,698 619,371 32,955 314,138

2,028,818 767,501 24,950 792,315 56,016 488,160

2,630,779 952,959 38,689 1,047,340 78,085 715,709

3,234,326 1,240,543 45,014 1,324,445 102,502 657,825

2,540,148 862,023 36,079 908,808 60,831 684,441

2,963,163 1,047,760 36,037 1,098,640 79,212 750,644

121.1 32.5 10.8 12.7 7.6 17.5 2.3

140.8 53.0 18.4 16.2 8.0 18.5 3.3

99.0 36.9 19.7 19.5 6.2 51.2 6.1

97.9 37.1 18.2 21.4 5.5 64.9 7.4

109.9 39.8 17.3 22.4 4.5 68.3 8.2

97.2 37.3 18.0 18.9 4.1 54.5 6.0

140.6 47.7 24.9 15.6 5.3 56.5 9.0

121.5 43.0 24.2 18.4 5.7 58.9 8.2

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)

44


EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

199,574 189,317 98,729 18,845 10,908 669 79,884 90,588 21,412 35,523 10,256 149

286,518 218,325 115,115 29,491 19,068 2,667 85,624 103,210 68,646 24,725 68,193 3,333

475,282 210,641 86,375 38,077 21,793 5,548 48,298 124,267 79,647 39,474 264,641 46,448

577,435 242,314 65,345 41,070 22,214 6,188 24,275 176,969 92,101 80,400 335,121 70,958

804,863 305,645 72,333 47,105 22,688 6,862 25,228 233,312 120,695 109,250 499,218 108,189

963,516 303,463 77,688 49,969 23,071 7,160 27,719 225,775 126,685 96,314 660,053 115,941

987,057 330,536 94,097 63,726 25,806 7,631 30,371 236,439 133,579 100,424 656,521 108,733

994,159 366,663 104,968 72,697 28,251 7,835 32,271 261,695 156,088 103,376 627,496 109,348

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

15,008 12,803 5,327 3,418 2,166 370 1,909 7,476 2,419 1,579 2,205 0

37,075 21,250 6,925 4,373 2,655 351 2,552 14,325 7,907 5,337 15,824 566

149,698 26,150 5,190 4,251 1,816 420 940 20,960 7,787 12,953 123,548 21,619

201,927 42,406 6,338 5,184 2,477 412 1,154 36,068 15,553 20,382 159,520 25,562

307,980 70,578 9,349 6,481 2,153 468 2,868 61,229 31,685 29,381 237,402 42,353

331,656 41,161 11,270 7,479 2,825 423 3,792 29,891 18,488 11,233 290,496 16,253

193,895 63,105 21,064 16,575 4,968 509 4,488 42,041 15,267 26,625 130,790 3,225

237,021 73,519 19,296 15,344 5,383 439 3,952 54,223 31,975 22,004 163,502 16,456

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

12,113 10,940 3,652 1,987 901 6 1,665 7,289 2,765 1,829 1,172 0

26,370 12,747 5,804 2,270 961 6 3,534 6,943 2,241 2,425 13,623 930

84,041 39,062 23,887 4,034 2,932 23 19,853 15,175 10,660 3,000 44,979 1,982

98,148 43,566 30,935 3,757 2,654 38 27,179 12,630 5,614 6,040 54,583 1,530

114,566 23,010 6,624 3,817 2,411 56 2,807 16,386 7,283 7,905 91,556 6,794

165,770 37,243 6,304 4,018 2,472 75 2,286 30,938 10,602 19,581 128,527 7,746

164,143 28,047 5,856 3,830 2,336 92 2,026 22,191 9,620 12,031 136,096 10,697

204,517 31,622 6,019 3,828 2,261 105 2,191 25,603 7,667 17,500 172,895 13,673

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

7,589 7,214 3,096 1,027 591 3 2,068 4,118 1,616 1,402 375 13

12,716 9,058 3,004 1,566 1,080 19 1,437 6,054 4,292 1,247 3,658 312

20,298 12,323 4,043 1,442 872 45 2,601 8,280 6,457 1,530 7,975 2,732

26,396 12,589 3,534 1,583 1,071 47 1,951 9,055 6,468 2,337 13,807 4,544

35,376 13,232 2,652 1,901 1,217 50 751 10,580 7,684 2,667 22,143 7,017

47,473 14,856 2,684 1,916 1,083 54 768 12,171 8,798 3,182 32,617 7,904

44,530 13,414 2,330 1,679 848 53 651 11,085 8,999 1,944 31,115 8,073

40,530 13,455 1,940 1,302 399 56 637 11,515 9,424 1,981 27,076 7,369

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

200

Non-debt flows (bill US$)

Debt ratios (%)

150

150

100

100

50 50

0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

45

2006

2007

2008

2009

Reserves to debt

2010


LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

608,673 459,185 371,882 87,303 26,632 122,856 10,303

751,068 631,256 389,534 241,722 8,846 110,966 1,674

738,623 606,510 410,027 196,483 13,122 118,991 8,904

736,981 617,331 392,670 224,661 737 118,913 8,321

824,828 680,098 404,130 275,968 804 143,927 10,367

882,341 731,327 417,621 313,706 824 150,190 10,943

899,103 751,466 429,963 321,503 1,243 146,393 11,672

1,038,725 828,184 457,714 370,470 2,265 208,277 6,374

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

15,834 369,917 89,269 49,943

3,510 386,575 244,681 66,072

12,361 407,550 198,959 55,281

13,126 390,442 226,889 49,936

16,955 401,931 278,167 52,159

19,264 415,034 316,292 62,140

20,449 426,100 325,366 88,341

9,959 453,530 374,654 74,870

External debt flows Disbursements Long-term external debt IMF purchases

89,784 74,013 15,772

119,832 116,322 3,510

100,122 99,530 593

132,640 132,077 564

149,257 149,008 249

158,864 158,651 213

155,204 154,754 450

193,616 192,157 1,459

Principal repayments Long-term external debt IMF repurchases

43,123 40,291 2,832

124,162 109,925 14,237

112,476 84,303 28,172

147,474 134,791 12,683

103,180 102,960 220

102,976 102,804 173

96,857 96,804 53

96,088 95,937 151

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

61,053 33,722 14,392

-5,247 6,397 -917

8,060 15,226 20,413

-14,329 -2,714 504

69,045 46,048 22,968

61,576 55,848 5,688

53,821 57,951 -4,526

164,709 96,220 67,182

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

35,905 28,411 1,100 6,393

54,789 47,273 777 6,739

40,709 33,347 1,732 5,630

45,828 39,605 330 5,894

47,720 40,635 35 7,050

44,884 40,740 26 4,117

41,265 38,344 9 2,912

44,157 38,914 17 5,227

30,201 4,754

79,052 -561

73,544 12,209

72,003 11,047

110,437 28,837

130,026 -9,658

78,321 41,582

112,626 41,300

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 (%) .. 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 81.6

11.4 2.8 0.2 0.1 82.2

10.2 3.2 0.1 0.1 83.6

11.1 4.0 0.4 0.2 82.1

8.9 4.4 0.4 0.3 84.5

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 18.3 5.0

3.5 20.6 5.3

2.1 18.8 6.4

1.8 19.6 6.0

6.8 4.1 2.9

9.4 12.6 11.6

7.3 14.5 12.0

6.2 14.9 12.7

7.2 16.3 12.5

6.5 15.9 11.3

5.9 11.1 9.8

5.3 14.3 12.6

1,698,096 289,620 13,318 343,890 14,909 138,616

1,967,875 442,911 20,164 512,714 22,785 158,413

2,545,138 666,610 49,795 686,106 53,525 257,309

2,992,656 798,414 58,840 817,863 76,782 312,791

3,554,140 911,867 62,874 968,269 90,487 450,589

4,153,365 1,044,003 64,414 1,146,839 94,352 500,720

3,866,338 821,954 56,572 901,707 77,457 554,850

4,786,771 1,017,266 57,245 1,137,215 88,845 645,038

210.2 35.8 27.3 20.2 11.9 22.8 4.8

169.6 38.2 40.4 14.8 12.3 21.1 3.7

110.8 29.0 23.0 16.1 14.0 34.8 4.5

92.3 24.6 24.6 16.1 13.0 42.4 4.6

90.5 23.2 16.6 17.4 11.6 54.6 5.6

84.5 21.2 14.2 17.0 11.5 56.7 5.2

109.4 23.3 16.8 16.3 12.8 61.7 7.4

102.1 21.7 13.8 20.1 12.6 62.1 6.8

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)

46


LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

459,185 371,882 159,022 72,134 36,299 2,186 86,888 212,860 165,105 34,360 87,303 33,829

631,256 389,534 139,658 92,652 37,429 3,387 47,005 249,877 210,023 31,394 241,722 60,325

606,510 410,027 134,217 103,248 34,958 5,049 30,969 275,810 232,945 38,479 196,483 75,499

617,331 392,670 123,807 95,870 31,528 1,529 27,937 268,863 226,132 39,594 224,661 82,939

680,098 404,130 121,353 95,349 31,534 1,692 26,004 282,776 235,342 43,340 275,968 95,586

731,327 417,621 130,632 101,372 33,857 1,778 29,260 286,989 240,986 42,633 313,706 82,025

751,466 429,963 149,159 115,092 40,439 1,468 34,067 280,804 240,414 36,222 321,503 102,493

828,184 457,714 169,259 130,489 48,533 1,606 38,770 288,456 238,992 44,181 370,470 147,747

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

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

116,322 58,420 16,176 13,297 5,595 202 2,879 42,244 35,022 6,476 57,903 8,312

99,530 54,860 12,897 10,528 3,550 306 2,369 41,963 35,298 6,168 44,670 16,018

132,077 48,843 16,745 14,673 5,570 178 2,072 32,098 24,272 7,229 83,233 20,751

149,008 44,789 14,762 13,064 3,067 129 1,698 30,027 23,538 6,155 104,220 26,935

158,651 63,410 19,361 15,772 5,679 114 3,589 44,049 36,092 7,798 95,242 10,020

154,754 68,601 31,008 24,282 10,790 157 6,726 37,593 32,523 4,405 86,153 28,605

192,157 75,403 34,447 25,954 11,151 210 8,493 40,956 22,420 16,083 116,754 52,980

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

40,291 27,594 14,493 8,309 4,974 21 6,185 13,101 5,833 4,240 12,696 3,922

109,925 51,901 16,788 9,787 3,798 18 7,000 35,114 26,575 6,934 58,024 8,849

84,303 43,873 16,655 10,920 4,561 39 5,735 27,218 19,163 7,270 40,430 10,583

134,791 78,880 24,553 19,237 9,143 29 5,317 54,326 43,062 10,111 55,911 13,165

102,960 47,743 15,859 10,818 3,311 14 5,042 31,884 24,603 6,501 55,217 13,292

102,804 47,501 12,871 10,496 3,407 24 2,375 34,630 27,881 6,117 55,303 9,228

96,804 36,765 13,463 9,778 4,301 20 3,685 23,302 13,358 8,755 60,039 7,062

95,937 41,193 14,380 10,199 3,061 46 4,181 26,813 18,944 6,541 54,745 7,680

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

28,411 22,582 8,831 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 2,209 20,717 17,194 2,715 18,024 5,185

33,347 24,140 5,590 4,452 1,507 37 1,138 18,550 16,721 1,629 9,208 4,534

39,605 24,600 5,994 4,985 1,813 23 1,009 18,606 16,496 1,934 15,004 7,607

40,635 25,257 5,996 5,020 1,781 12 976 19,260 17,245 1,710 15,378 7,177

40,740 23,626 5,464 4,658 1,545 14 806 18,162 16,275 1,630 17,114 6,123

38,344 21,952 5,035 4,085 1,302 12 950 16,917 14,864 1,756 16,392 6,543

38,914 22,102 4,685 3,751 1,050 11 934 17,417 15,959 1,205 16,811 7,905

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

200

Non-debt flows (bill US$)

150

150

100

100

50

50

0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

Debt ratios (%)

200

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

47

2006

2007

2008

2009

Reserves to debt

2010


MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

161,736 141,183 140,296 887 2,177 18,375 2,673

139,233 116,545 112,575 3,970 2,542 20,145 2,629

145,387 122,593 115,831 6,762 547 22,247 298

136,869 114,967 108,351 6,616 423 21,479 307

148,268 122,977 116,355 6,623 353 24,937 256

137,931 116,905 110,248 6,657 258 20,768 259

141,010 118,411 112,261 6,150 200 22,400 326

143,595 119,872 113,766 6,106 195 23,528 342

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

8,720 139,868 1,315 12,036

9,977 112,209 4,336 10,177

509 115,183 7,410 13,605

482 107,601 7,367 12,061

442 115,197 7,780 10,585

419 109,180 7,725 9,759

418 111,253 7,158 11,733

424 112,832 7,040 15,337

External debt flows Disbursements Long-term external debt IMF purchases

11,547 10,958 590

9,241 9,218 24

14,795 14,795 0

11,938 11,938 0

14,913 14,835 78

11,879 11,833 46

13,668 13,666 2

14,586 14,533 53

Principal repayments Long-term external debt IMF repurchases

11,418 11,029 390

10,936 10,698 238

14,879 14,133 745

24,884 24,734 150

14,365 14,199 166

16,303 16,168 135

13,283 13,220 64

12,189 12,135 54

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

3,702 -71 3,573

-3,022 -1,480 -1,327

178 662 261

-13,724 -12,796 -777

4,057 636 3,509

-8,595 -4,335 -4,171

1,949 446 1,564

3,509 2,398 1,112

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

7,393 6,311 112 970

5,867 4,888 130 849

6,010 4,794 32 1,184

5,971 4,784 14 1,172

5,840 4,740 12 1,088

5,399 4,775 7 617

4,961 4,361 3 597

4,927 4,263 2 662

870 32

3,878 252

16,763 2,410

27,228 963

27,601 -2,096

29,219 422

26,079 1,200

22,670 36

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

.. 9.5 1.1 1.0 44.0

.. 10.2 0.9 1.1 51.2

29.5 8.3 1.7 1.5 46.3

31.0 7.9 1.7 1.5 44.6

33.3 7.3 1.6 1.3 42.5

31.4 9.0 0.6 1.2 42.5

32.2 8.4 0.6 1.4 41.5

30.5 8.8 0.6 1.3 42.5

5.2 17.3 5.2

4.6 19.5 5.5

3.8 19.1 5.7

3.8 22.5 6.9

3.6 19.4 5.9

3.4 21.2 5.6

2.2 20.5 5.7

1.7 21.5 5.8

7.2 9.7 3.3

7.5 7.4 3.5

5.7 7.4 5.3

6.8 10.9 7.9

6.0 7.8 5.4

8.6 5.8 5.7

7.8 7.0 6.5

4.7 14.5 10.8

273,332 89,138 11,468 91,459 941 38,387

362,754 117,615 10,460 105,104 1,721 49,482

539,427 216,120 23,647 204,805 8,245 148,207

624,057 265,310 25,125 228,686 9,342 186,054

761,728 312,740 31,041 280,391 9,208 234,053

926,597 395,622 34,699 357,489 10,410 277,486

926,767 328,128 32,412 337,205 11,355 301,670

1,018,299 337,575 31,016 352,389 3,595 325,791

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

67.3 27.0 9.7 15.3 17.8 101.9 8.7

51.6 21.9 11.6 15.7 18.8 135.9 9.8

47.4 19.5 6.5 16.8 20.6 157.9 10.0

34.9 14.9 5.5 15.1 22.4 201.2 9.3

43.0 15.2 5.6 15.9 24.5 213.9 10.7

42.5 14.1 5.1 16.4 24.9 226.9 11.1

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)

48


MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

141,183 140,296 105,107 22,871 10,646 2,105 82,236 35,189 2,036 10,340 887 50

116,545 112,575 88,163 23,099 7,664 2,685 65,064 24,412 7,375 8,412 3,970 836

122,593 115,831 77,471 25,834 6,757 3,344 51,637 38,361 22,142 8,718 6,762 1,011

114,967 108,351 70,215 25,701 6,144 3,616 44,514 38,136 23,179 8,067 6,616 805

122,977 116,355 76,497 30,476 7,447 3,795 46,022 39,857 24,579 8,961 6,623 530

116,905 110,248 74,278 30,836 7,123 3,802 43,441 35,970 23,907 7,632 6,657 470

118,411 112,261 77,734 34,602 8,016 3,831 43,132 34,527 23,544 7,384 6,150 670

119,872 113,766 77,550 35,803 8,532 3,751 41,747 36,216 26,825 6,559 6,106 500

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

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

9,218 7,937 3,407 1,942 532 118 1,465 4,530 2,031 1,092 1,281 115

14,795 12,875 5,421 3,813 895 202 1,608 7,454 4,144 2,264 1,920 530

11,938 10,741 5,088 3,434 739 225 1,654 5,653 3,799 1,444 1,197 0

14,835 13,080 7,051 5,490 1,723 145 1,562 6,029 3,635 2,076 1,755 0

11,833 9,724 6,266 3,670 684 126 2,597 3,458 2,257 1,027 2,108 0

13,666 12,071 8,101 5,750 1,625 110 2,351 3,970 2,894 1,010 1,595 200

14,533 13,236 7,070 4,852 1,409 84 2,218 6,166 5,502 640 1,297 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

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

10,698 10,461 5,915 2,014 869 45 3,900 4,547 896 1,425 237 50

14,133 13,324 7,855 3,407 1,030 76 4,449 5,469 1,883 1,764 809 265

24,734 23,078 16,195 4,762 1,673 82 11,433 6,883 2,810 2,470 1,656 206

14,199 11,788 5,877 2,634 771 90 3,243 5,911 2,620 1,913 2,411 275

16,168 14,185 7,938 2,608 986 98 5,330 6,247 3,021 1,722 1,983 60

13,220 10,990 5,609 2,337 731 103 3,272 5,381 3,022 1,347 2,230 0

12,135 10,304 5,903 2,451 572 108 3,452 4,401 2,168 1,404 1,831 170

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

6,311 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

4,794 4,504 2,498 1,014 308 28 1,484 2,006 1,366 320 290 90

4,784 4,480 2,267 1,030 296 27 1,237 2,213 1,499 399 304 74

4,740 4,466 2,136 1,085 329 28 1,051 2,330 1,591 430 274 57

4,775 4,515 2,226 1,191 352 30 1,034 2,290 1,623 401 260 40

4,361 4,100 2,022 1,071 260 28 951 2,077 1,669 267 262 43

4,263 4,048 2,112 976 161 28 1,136 1,936 1,662 191 215 51

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

30

Non-debt flows (bill US$)

Debt ratios (%)

250

200 20

150

100 10

50

0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

49

2006

2007

2008

2009

Reserves to debt

2010


SOUTH ASIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

161,043 153,065 134,552 18,514 1,918 6,059 120

188,531 174,473 116,372 58,101 2,208 11,851 30

232,851 201,953 126,998 74,956 2,232 28,665 18

287,534 243,649 144,428 99,221 2,277 41,607 36

321,146 266,288 156,023 110,265 5,374 49,483 33

353,417 292,199 169,387 122,812 9,081 52,137 47

400,596 325,804 194,376 131,428 10,913 63,879 100

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

81 128,962 8,975 8,435

276 133,778 19,287 12,817

68 116,200 58,273 10,443

90 126,847 75,107 12,965

150 144,293 99,356 20,635

86 155,829 110,459 17,483

141 169,184 123,014 22,817

159 194,142 131,662 24,912

External debt flows Disbursements Long-term external debt IMF purchases

12,071 11,869 202

14,190 13,995 195

24,777 24,521 256

38,957 38,785 171

71,730 71,642 88

49,093 45,650 3,443

39,248 35,271 3,978

52,398 50,074 2,325

Principal repayments Long-term external debt IMF repurchases

11,610 9,605 2,006

9,798 9,315 483

22,038 21,763 275

15,150 14,889 261

35,110 34,953 157

27,408 27,140 268

15,585 15,228 356

19,891 19,541 349

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

2,497 2,264 2,037

3,454 4,680 -938

5,023 2,759 2,284

40,633 23,896 16,826

49,544 36,689 12,924

29,565 18,510 7,880

26,304 20,043 2,640

44,161 30,532 11,653

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

6,524 5,666 234 624

5,659 5,277 58 323

5,685 5,214 26 446

6,374 5,755 26 592

9,013 6,941 23 2,049

9,069 7,336 23 1,710

7,223 6,460 76 687

7,469 6,493 140 836

2,931 1,585

4,368 2,518

11,229 12,406

26,087 10,388

32,742 33,970

51,071 -15,836

39,404 20,541

27,960 39,447

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

.. 17.0 3.6 0.7 46.0

.. 15.3 2.8 0.3 56.6

7.5 19.1 2.2 0.3 54.4

7.5 18.3 1.9 0.2 55.6

7.2 17.1 1.5 0.2 56.7

6.3 20.1 1.3 0.2 55.0

6.0 18.3 1.1 0.1 57.7

4.9 18.4 0.9 0.1 60.4

3.7 25.8 7.7

5.1 23.4 6.4

2.0 27.7 7.9

3.1 26.2 6.2

3.4 26.1 6.9

1.9 26.8 6.5

1.4 25.6 6.6

1.8 27.9 7.9

5.8 6.0 3.9

4.4 5.3 4.6

4.7 6.1 4.1

4.7 7.9 6.8

6.7 9.2 4.6

4.1 9.0 2.7

4.3 4.0 3.0

2.9 7.2 4.5

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

603,668 88,739 17,206 116,954 721 47,221

1,043,978 201,532 33,924 258,918 7,979 156,716

1,186,944 248,253 42,525 316,030 11,542 198,417

1,511,378 304,933 54,044 384,182 15,236 302,183

1,525,991 380,860 71,638 508,643 16,583 275,859

1,705,510 328,149 75,063 436,818 16,197 315,151

2,090,779 424,897 82,209 565,989 17,147 337,472

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

93.5 18.1 13.8 6.3 36.9 83.1 7.3

93.8 19.6 8.7 12.3 32.6 85.2 7.5

94.3 19.0 14.5 14.5 29.0 105.1 9.4

84.3 21.0 9.6 15.4 27.7 85.9 6.5

107.7 20.7 7.0 14.8 26.9 89.2 8.7

94.3 19.2 6.4 15.9 25.1 84.2 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 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


SOUTH ASIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

137,937 129,636 104,110 56,867 13,035 29,001 47,243 25,526 3,474 14,176 8,301 1,065

153,065 134,552 101,864 61,051 10,209 31,963 40,812 32,688 10,928 19,576 18,514 1,560

174,473 116,372 109,589 69,604 7,514 42,193 39,984 6,783 2,525 3,768 58,101 6,461

201,953 126,998 116,638 75,950 8,151 45,803 40,688 10,360 4,178 5,482 74,956 11,204

243,649 144,428 127,148 83,312 8,766 48,915 43,836 17,280 7,879 8,581 99,221 16,277

266,288 156,023 137,669 89,008 9,376 49,529 48,661 18,354 7,670 9,904 110,265 15,682

292,199 169,387 145,635 95,071 10,151 51,505 50,565 23,751 12,671 10,395 122,812 16,176

325,804 194,376 155,989 100,595 12,868 51,238 55,395 38,387 23,980 13,760 131,428 13,883

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

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

13,995 13,409 6,119 4,347 866 1,655 1,772 7,290 5,520 940 586 0

24,521 10,987 7,405 5,728 1,081 2,709 1,677 3,582 2,314 1,245 13,534 3,520

38,785 14,197 8,291 6,244 1,134 2,452 2,047 5,905 3,252 2,368 24,589 4,799

71,642 22,203 9,298 6,989 1,178 2,572 2,309 12,905 8,639 4,128 49,439 7,793

45,650 24,635 11,233 7,937 1,176 2,151 3,296 13,401 11,507 1,862 21,015 594

35,271 17,874 12,783 8,799 1,498 2,944 3,984 5,092 2,265 2,819 17,396 2,473

50,074 30,691 13,692 9,211 3,395 1,944 4,481 16,999 12,050 4,948 19,382 1,288

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

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

9,315 8,607 5,351 2,827 1,231 548 2,524 3,256 50 2,868 707 35

21,763 14,496 4,461 2,166 523 949 2,295 10,035 8,565 1,274 7,266 117

14,889 6,987 4,643 2,485 543 1,069 2,158 2,344 1,597 670 7,902 57

34,953 11,362 4,809 2,517 631 1,112 2,292 6,553 5,313 1,199 23,591 409

27,140 16,339 5,586 3,080 687 1,223 2,506 10,753 9,533 1,145 10,801 880

15,228 8,713 5,413 3,164 707 1,321 2,248 3,301 1,088 2,139 6,515 1,779

19,541 8,876 6,049 3,409 726 1,349 2,640 2,827 748 2,009 10,665 2,451

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

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

5,277 4,396 2,274 1,366 613 236 907 2,122 210 1,806 881 227

5,214 3,940 1,904 899 252 342 1,005 2,036 1,849 171 1,274 151

5,755 2,415 2,053 1,135 387 343 919 362 154 198 3,340 276

6,941 2,735 2,249 1,327 470 355 922 486 211 264 4,206 404

7,336 2,947 2,306 1,333 401 388 973 641 290 330 4,389 345

6,460 2,688 2,142 1,092 266 371 1,050 545 259 269 3,772 346

6,493 2,767 2,077 879 104 380 1,199 689 232 255 3,726 451

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

100

Non-debt flows (bill US$)

Debt ratios (%)

200

150

100

50

50

0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

51

2006

2007

2008

2009

Reserves to debt

2010


SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

235,768 186,633 174,873 11,760 8,654 40,481 20,712

211,015 172,835 161,487 11,348 6,734 31,445 13,473

214,493 177,830 169,182 8,648 5,947 30,716 14,003

170,688 126,578 117,297 9,281 3,140 40,969 14,849

189,447 141,442 125,183 16,259 3,341 44,665 14,266

196,819 144,635 130,480 14,155 3,963 48,221 13,334

199,834 157,305 140,080 17,224 6,261 36,269 11,266

205,992 162,065 143,293 18,772 5,991 37,936 11,474

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

40,990 174,747 11,886 9,157

25,343 160,580 12,255 8,355

23,817 169,084 8,746 23,790

24,376 117,261 9,318 12,501

22,585 125,156 16,286 18,846

20,969 130,461 14,174 18,320

19,322 140,062 17,243 29,920

17,278 143,281 18,784 31,136

External debt flows Disbursements Long-term external debt IMF purchases

14,005 11,011 2,994

10,102 9,578 525

16,078 15,755 323

13,389 13,092 298

24,220 23,867 354

15,372 13,960 1,413

23,027 20,404 2,623

23,327 21,983 1,344

Principal repayments Long-term external debt IMF repurchases

9,419 7,048 2,371

9,016 8,557 460

12,131 11,384 747

17,076 16,719 357

13,569 13,272 296

8,976 8,289 687

9,698 9,313 385

8,219 8,070 149

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

7,502 3,963 2,917

-1,799 1,021 -2,886

6,976 4,372 3,028

5,721 -3,627 9,407

14,930 10,594 4,279

10,885 5,671 4,488

3,437 11,091 -9,893

16,568 13,913 1,460

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

5,337 3,975 559 803

4,443 3,319 43 1,081

7,961 7,323 27 612

4,302 3,421 39 842

5,244 4,061 14 1,169

4,998 3,580 494 925

3,968 3,246 28 694

4,362 3,707 8 647

4,259 2,952

6,458 4,164

18,551 8,083

16,196 16,808

28,304 10,146

37,459 -5,700

32,765 10,198

28,828 8,014

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

.. 5.5 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 1.7 2.5 51.8

21.8 2.8 1.5 2.5 52.1

19.4 3.8 1.0 2.5 54.0

18.9 3.2 1.1 2.5 54.0

15.1 2.4 0.7 2.8 56.8

1.8 31.7 8.7

1.1 36.3 9.1

4.3 21.4 4.5

1.5 29.3 7.2

1.4 31.1 7.8

1.8 29.2 7.7

1.6 23.8 6.1

1.7 25.6 6.7

5.7 12.4 1.9

5.8 7.7 2.1

5.6 7.2 1.9

6.8 11.2 4.9

6.7 8.8 5.3

4.3 6.7 1.0

6.0 8.1 4.5

3.0 13.8 5.7

310,011 90,831 3,159 111,296 3,952 20,652

319,885 114,029 4,825 117,777 7,860 36,505

605,039 239,831 9,630 242,210 17,650 82,452

714,969 279,331 12,794 287,361 23,931 114,886

813,792 333,944 18,746 367,782 39,134 141,827

927,613 403,588 21,710 454,698 47,127 152,687

891,648 302,503 20,183 373,032 33,276 155,416

1,030,221 381,517 21,087 449,772 32,065 153,626

259.6 76.1 16.2 17.2 23.1 8.8 2.2

185.1 66.0 11.8 14.9 25.9 17.3 3.7

89.4 35.5 8.4 14.3 33.8 38.4 4.1

61.1 23.9 7.7 24.0 25.3 67.3 4.8

56.7 23.3 5.6 23.6 25.3 74.9 4.6

48.8 21.2 3.5 24.5 25.5 77.6 4.0

66.1 22.4 4.5 18.1 27.3 77.8 5.0

54.0 20.0 3.3 18.4 28.3 74.6 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 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


SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

186,633 174,873 138,312 54,428 7,641 27,842 83,884 36,561 4,784 12,568 11,760 350

172,835 161,487 135,459 54,568 3,477 33,574 80,891 26,029 9,150 8,439 11,348 1,360

177,830 169,182 135,148 72,511 2,015 48,444 62,638 34,034 10,734 17,836 8,648 1,307

126,578 117,297 87,942 43,144 1,799 24,187 44,798 29,355 9,285 15,509 9,281 1,484

141,442 125,183 93,471 47,991 1,524 27,325 45,480 31,712 12,078 15,829 16,259 6,715

144,635 130,480 96,623 50,199 994 29,318 46,424 33,858 11,775 18,436 14,155 6,017

157,305 140,080 104,051 54,614 900 31,612 49,436 36,030 13,368 18,272 17,224 6,049

162,065 143,293 107,041 58,220 1,175 32,943 48,821 36,252 14,684 17,048 18,772 5,471

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

11,011 10,264 5,873 4,202 274 2,390 1,671 4,390 541 1,623 747 350

9,578 7,459 4,141 3,359 75 2,193 782 3,318 765 1,752 2,119 712

15,755 12,496 6,107 4,789 14 2,943 1,318 6,389 0 6,112 3,260 1,307

13,092 9,903 6,572 4,542 1 2,749 2,029 3,331 2,076 814 3,189 0

23,867 16,589 7,897 4,976 31 2,987 2,921 8,692 3,525 4,905 7,278 5,587

13,960 12,979 7,935 4,967 45 2,898 2,968 5,044 0 4,704 980 0

20,404 17,640 10,915 6,989 113 3,444 3,926 6,725 2,200 3,246 2,764 0

21,983 19,294 14,603 7,416 405 3,943 7,186 4,692 2,000 1,854 2,689 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

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

8,557 7,159 3,440 1,630 552 225 1,811 3,719 480 2,444 1,398 0

11,384 10,677 6,588 1,554 286 248 5,034 4,089 1 3,523 706 0

16,719 14,207 8,170 1,555 284 238 6,615 6,037 1,742 3,169 2,511 0

13,272 11,260 5,147 1,736 406 195 3,411 6,113 1,222 3,853 2,012 1,390

8,289 6,382 3,737 1,999 620 463 1,738 2,644 52 2,167 1,907 698

9,313 7,908 3,347 1,768 202 266 1,579 4,561 294 3,804 1,405 0

8,070 6,240 2,758 1,282 123 255 1,477 3,482 23 3,038 1,830 578

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

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

3,319 2,915 1,826 843 213 199 983 1,089 561 303 405 41

7,323 6,971 5,856 757 53 313 5,099 1,115 517 425 352 61

3,421 2,983 1,408 694 47 240 713 1,575 552 778 438 89

4,061 3,520 2,084 1,053 339 179 1,031 1,436 539 750 541 132

3,580 3,023 1,666 927 109 277 739 1,357 677 548 556 241

3,246 2,664 1,523 861 22 196 662 1,141 649 398 582 241

3,707 2,225 1,201 614 19 204 587 1,024 807 158 1,483 1,027

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

50

Non-debt flows (bill US$)

Debt ratios (%)

200

150

100

25

50

0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

53

2006

2007

2008

2009

Reserves to debt

2010


LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

113,033 98,419 95,691 2,728 4,710 9,904 7,452

108,371 92,872 90,326 2,546 4,037 11,461 7,639

117,997 103,423 102,613 811 4,324 10,250 6,843

99,743 84,975 84,032 943 2,852 11,916 7,202

109,232 92,919 91,660 1,259 3,151 13,162 7,237

115,451 98,250 95,379 2,871 4,047 13,153 6,286

119,669 103,185 100,165 3,019 5,304 11,181 5,292

116,593 99,631 95,929 3,703 4,156 12,806 5,651

17,967 95,227 3,192 3,851

15,441 90,029 2,843 4,217

13,620 102,452 971 6,210

14,179 83,923 1,051 7,906

15,128 91,535 1,383 9,075

14,081 95,255 2,996 9,301

15,053 100,032 3,152 10,240

14,078 95,895 3,736 13,158

External debt flows Disbursements Long-term external debt IMF purchases

5,347 4,890 457

3,991 3,602 389

5,641 5,239 402

5,744 5,419 324

6,490 6,117 373

9,384 7,775 1,610

11,278 9,774 1,505

10,664 9,919 745

Principal repayments Long-term external debt IMF repurchases

2,901 2,599 302

2,393 1,999 394

2,492 2,036 456

2,140 1,900 241

2,615 2,405 210

3,005 2,396 609

3,041 2,747 293

4,064 3,870 194

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

2,775 2,291 329

1,246 1,603 -353

2,574 3,202 -575

4,912 3,520 1,308

5,085 3,711 1,211

7,321 5,378 942

7,259 7,026 -979

7,832 6,049 1,232

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

1,438 1,249 60 129

1,116 827 37 251

1,039 854 17 168

1,102 838 37 227

1,601 1,339 12 250

1,819 1,163 495 161

1,187 1,047 31 110

1,137 1,008 5 125

1,233 -10

2,385 0

4,471 49

5,390 70

9,935 139

10,522 -25

9,231 -2

12,716 -52

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

.. 11.7 2.6 1.0 41.3

.. 10.8 2.3 0.7 51.5

8.8 9.3 1.7 0.6 54.2

11.1 10.7 1.4 0.7 49.9

11.3 10.0 1.3 0.5 49.1

10.0 10.5 1.0 0.4 49.4

9.3 9.7 1.0 0.3 49.7

6.7 8.2 0.9 0.3 50.2

1.7 34.3 9.3

1.2 36.4 9.3

1.2 35.2 8.8

1.5 33.5 8.5

1.4 34.6 8.8

1.3 34.2 9.0

1.3 31.4 7.9

1.0 33.4 9.2

3.4 5.7 1.1

5.2 11.5 3.2

3.9 14.3 3.6

6.3 16.6 3.2

4.2 10.9 2.5

4.1 7.8 2.7

4.0 9.3 2.9

1.8 17.8 3.9

135,122 25,183 2,125 41,832 252 9,744

160,215 31,867 4,078 45,124 653 10,917

232,472 57,025 9,860 78,719 3,605 19,345

254,435 68,142 12,737 91,793 3,687 22,491

301,279 83,364 16,382 115,044 3,265 28,804

356,119 101,175 21,748 146,728 3,126 29,773

378,964 89,830 22,555 131,988 2,799 41,985

409,271 108,306 24,553 156,562 2,134 42,464

448.9 83.7 17.2 8.8 39.4 8.6 2.8

340.1 67.6 11.0 10.6 45.9 10.1 2.9

206.9 50.8 6.2 8.7 58.6 16.4 2.9

146.4 39.2 4.8 11.9 50.7 22.5 2.9

131.0 36.3 5.1 12.0 51.3 26.4 3.0

114.1 32.4 4.8 11.4 51.3 25.8 2.4

133.2 31.6 4.7 9.3 52.0 35.1 3.8

107.7 28.5 4.8 11.0 54.2 36.4 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 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)

54


LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

98,419 95,691 91,045 44,589 1,458 27,443 46,456 4,646 129 1,517 2,728 0

92,872 90,326 86,996 49,743 718 31,597 37,253 3,330 7 1,659 2,546 0

103,423 102,613 99,243 69,133 618 45,650 30,110 3,369 1 1,628 811 0

84,975 84,032 80,729 50,520 622 30,255 30,209 3,303 1 1,587 943 0

92,919 91,660 88,307 55,994 480 33,318 32,313 3,353 0 1,624 1,259 0

98,250 95,379 92,249 59,284 464 35,147 32,965 3,131 0 1,568 2,871 0

103,185 100,165 96,110 62,224 463 36,116 33,886 4,056 0 1,419 3,019 0

99,631 95,929 92,057 63,201 463 36,019 28,856 3,871 0 1,142 3,703 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

4,890 4,624 4,173 3,156 32 1,837 1,017 451 0 149 265 0

3,602 3,547 3,364 2,911 19 1,925 453 183 0 108 55 0

5,239 5,179 4,991 4,429 1 2,710 561 188 0 57 60 0

5,419 5,235 5,197 4,117 0 2,363 1,079 38 0 18 185 0

6,117 5,822 5,792 4,731 0 2,831 1,061 30 0 9 295 0

7,775 6,846 6,790 5,197 0 2,905 1,593 56 0 6 928 0

9,774 8,993 7,858 5,924 0 2,767 1,934 1,135 0 7 781 0

9,919 8,189 7,333 5,011 0 2,662 2,321 857 0 385 1,730 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

2,599 2,396 1,743 824 218 160 918 653 30 284 203 0

1,999 1,776 1,539 786 104 270 753 237 0 129 223 0

2,036 1,922 1,776 1,106 5 374 670 146 1 82 114 0

1,900 1,847 1,691 1,130 5 406 560 157 0 74 52 0

2,405 2,266 2,180 1,382 167 393 798 85 0 18 140 0

2,396 2,087 2,005 1,321 26 590 684 82 0 19 309 0

2,747 2,057 1,942 1,232 0 487 710 115 0 37 690 0

3,870 2,705 2,017 1,221 0 507 796 688 0 576 1,165 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

1,249 1,174 1,018 546 110 196 472 156 6 86 74 0

827 732 668 423 36 194 245 64 0 36 96 0

854 836 812 602 2 314 209 25 0 9 17 0

838 826 791 568 2 272 223 35 0 12 12 0

1,339 1,325 1,296 947 294 228 349 29 0 9 14 0

1,163 1,125 1,099 737 1 274 362 26 0 8 38 0

1,047 977 948 617 0 239 331 29 0 14 69 0

1,008 885 848 594 0 234 254 37 0 19 123 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

15

Non-debt flows (bill US$)

Debt ratios (%)

350 300 250

10

200 150 5

100 50 0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

55

2006

2007

2008

2009

Reserves to debt

2010


MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,747,589 1,371,451 1,165,689 205,762 55,172 320,967 37,064

2,017,980 1,685,468 1,197,112 488,356 54,229 278,284 24,102

2,396,068 1,860,628 1,180,290 680,338 44,855 490,584 21,580

2,575,552 1,976,690 1,162,274 814,416 17,007 581,855 18,825

3,111,285 2,348,012 1,264,183 1,083,829 12,389 750,884 20,399

3,383,722 2,615,660 1,302,077 1,313,583 21,693 746,369 21,209

3,519,926 2,709,906 1,376,910 1,332,997 47,994 762,026 21,136

3,959,705 2,875,628 1,486,657 1,388,971 60,505 1,023,572 15,439

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

86,617 1,161,065 210,386 136,808

45,202 1,191,511 493,957 141,693

32,609 1,175,860 684,769 153,089

30,595 1,158,079 818,611 135,495

32,520 1,259,455 1,088,556 185,248

35,059 1,296,556 1,319,104 176,647

35,924 1,365,449 1,344,457 236,847

26,792 1,474,309 1,401,319 237,606

External debt flows Disbursements Long-term external debt IMF purchases

204,200 176,874 27,326

234,476 224,750 9,725

377,582 374,024 3,559

473,258 469,469 3,789

654,080 652,439 1,640

655,629 642,632 12,997

523,186 496,070 27,117

645,008 628,912 16,097

Principal repayments Long-term external debt IMF repurchases

117,673 109,334 8,339

230,080 209,872 20,209

324,585 280,919 43,666

380,956 350,377 30,579

360,115 353,170 6,945

393,222 390,031 3,191

380,000 378,450 1,550

424,853 422,024 2,829

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

140,304 67,540 53,778

-2,766 14,879 -7,162

135,166 93,104 82,169

186,327 119,092 94,025

461,014 299,269 167,050

257,083 252,601 -5,325

158,908 117,620 15,723

487,398 206,887 267,243

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

83,597 66,242 2,571 14,784

111,628 93,076 2,827 15,724

102,671 82,966 3,260 16,445

116,290 93,367 1,585 21,338

135,733 107,870 698 27,165

140,782 119,650 484 20,648

124,699 110,197 541 13,961

153,298 110,942 982 41,374

93,604 13,327

146,336 13,948

310,013 67,423

382,135 107,629

524,206 132,814

613,587 -53,338

390,719 108,757

493,345 128,465

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 (%) .. 13.1 1.5 1.1 48.7

.. 12.0 0.9 0.4 63.9

14.4 10.1 1.0 0.6 67.1

14.7 9.8 0.7 0.6 67.9

15.1 8.9 0.6 0.6 69.0

13.8 10.6 0.4 0.6 69.2

14.5 10.1 0.4 0.5 69.2

13.0 10.5 0.4 0.5 70.7

6.0 18.5 5.2

5.1 18.7 4.7

3.8 20.8 5.4

4.2 21.5 5.9

4.0 21.7 6.1

2.9 22.4 6.2

1.9 20.8 6.1

1.9 21.7 6.4

6.5 7.4 3.4

8.2 11.2 8.5

6.3 11.3 8.7

6.2 11.8 9.5

6.4 11.0 8.1

6.0 11.7 8.0

6.2 9.7 8.2

4.9 12.3 9.1

4,660,936 1,117,625 51,224 1,260,596 36,457 429,657

5,467,289 1,623,451 73,674 1,661,458 67,170 631,836

9,197,759 3,253,909 177,120 3,190,879 193,082 1,959,728

10,946,254 3,980,218 208,905 3,802,615 253,361 2,593,468

13,596,825 4,822,353 260,020 4,656,274 322,721 3,672,428

16,261,351 5,799,505 301,173 5,685,743 375,200 4,123,910

15,873,869 4,640,317 283,716 4,632,376 316,476 4,793,625

19,009,329 5,829,275 294,999 5,873,025 340,760 5,545,172

156.4 37.5 18.0 18.4 13.4 24.6 4.1

124.3 36.9 21.0 13.8 13.7 31.3 4.6

73.6 26.1 13.1 20.5 12.7 81.8 7.4

64.7 23.5 12.6 22.6 11.6 100.7 8.2

64.5 22.9 10.3 24.1 10.2 118.0 9.5

58.3 20.8 9.2 22.1 9.9 121.9 8.7

75.9 22.2 10.9 21.6 10.8 136.2 12.4

67.9 20.8 9.9 25.8 10.6 140.0 11.3

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)

56


MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1,371,451 1,165,689 673,806 234,164 104,982 44,052 439,642 491,882 220,372 145,345 205,762 51,018

1,685,468 1,197,112 664,698 276,875 107,604 55,199 387,823 532,414 341,950 124,144 488,356 89,492

1,860,628 1,180,290 616,000 304,508 95,752 75,427 311,492 564,290 400,278 124,322 680,338 155,162

1,976,690 1,162,274 555,711 297,638 91,764 68,750 258,073 606,562 409,787 162,220 814,416 192,861

2,348,012 1,264,183 580,450 317,881 93,171 74,356 262,570 683,733 455,913 197,217 1,083,829 250,265

2,615,660 1,302,077 618,763 335,717 96,232 76,122 283,046 683,314 468,243 188,792 1,313,583 241,846

2,709,906 1,376,910 676,235 381,551 108,233 80,851 294,684 700,675 484,388 188,116 1,332,997 256,961

2,875,628 1,486,657 730,518 420,640 124,389 82,589 309,878 756,139 527,752 201,509 1,388,971 311,827

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

176,874 123,644 60,721 27,961 12,514 3,636 32,761 62,923 22,036 22,041 53,230 14,063

224,750 133,646 49,023 31,350 12,951 3,295 17,673 84,623 55,784 18,023 91,104 10,810

374,024 137,440 41,086 29,824 9,180 4,497 11,262 96,355 61,066 31,718 236,583 47,975

469,469 146,684 49,525 35,890 11,934 4,408 13,635 97,159 57,988 34,131 322,784 54,555

652,439 181,015 54,277 38,983 10,498 4,527 15,294 126,738 75,318 47,843 471,424 84,368

642,632 167,826 61,916 42,402 13,608 3,959 19,513 105,910 73,523 30,030 474,806 27,235

496,070 208,412 92,357 66,510 22,703 5,945 25,847 116,054 69,052 41,799 287,658 37,236

628,912 245,119 98,116 66,379 26,246 5,026 31,737 147,003 86,861 51,014 383,792 86,053

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

109,334 83,619 40,844 18,829 11,146 382 22,015 42,774 11,061 14,996 25,715 4,042

209,872 111,898 46,001 21,805 9,314 679 24,196 65,897 31,454 23,127 97,974 15,032

280,919 144,010 68,438 25,585 12,125 1,247 42,853 75,571 44,588 22,221 136,910 15,063

350,377 190,001 95,317 35,341 17,183 1,373 59,976 94,685 60,257 25,071 160,376 17,980

353,170 125,383 51,229 25,108 10,699 1,443 26,121 74,154 43,145 23,958 227,788 24,880

390,031 141,441 47,987 25,661 10,922 1,706 22,326 93,455 53,897 32,388 248,589 20,144

378,450 115,261 44,556 24,235 10,860 1,765 20,321 70,705 32,705 30,669 263,189 22,467

422,024 121,822 46,004 24,633 9,164 1,835 21,371 75,818 35,031 32,909 300,202 26,500

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

66,242 55,419 26,389 12,616 7,504 307 13,773 29,030 14,707 7,736 10,822 3,172

93,076 62,510 25,331 14,814 7,421 384 10,516 37,179 25,003 8,525 30,566 7,776

82,966 59,675 23,122 9,979 4,017 583 13,143 36,553 30,128 4,910 23,291 8,861

93,367 55,504 18,935 11,104 4,780 539 7,832 36,569 28,827 6,244 37,863 14,076

107,870 58,468 18,935 11,931 5,141 530 7,003 39,534 31,222 6,530 49,401 16,282

119,650 58,017 17,912 11,572 4,575 634 6,340 40,105 31,726 6,698 61,633 15,893

110,197 53,260 16,051 9,898 3,432 559 6,153 37,209 30,820 5,167 56,937 16,400

110,942 54,235 15,744 8,336 2,256 591 7,408 38,492 33,011 4,330 56,706 18,110

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

750

Non-debt flows (bill US$)

500

100

250

50

0

0 2002

2003

2004

2005

Foreign direct investment

2006

2007

Debt ratios (%)

150

2008

2009

2010

Portfolio equity flows

2002

2003

2004

2005

Debt to exports

57

2006

2007

2008

2009

Reserves to debt

2010


.

Country Tables

GDF_55.indd 55

01/12/10 5:59 PM


AFGHANISTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,223 2,097 2,097 0 106 20 20

2,297 2,076 2,076 0 119 102 67

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 2,097 0 0

54 2,076 0 0

External debt flows Disbursements Long-term external debt IMF purchases

.. .. 0

.. .. 0

.. .. 0

146 146 0

202 147 55

132 96 36

126 109 17

87 79 9

Principal repayments Long-term external debt IMF repurchases

.. .. 0

.. .. 0

.. .. 0

3 3 0

1 1 0

1 1 0

3 3 0

1 1 0

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

.. .. ..

.. .. ..

.. .. ..

143 143 0

201 146 0

131 95 0

123 106 0

86 78 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

8 7 0 1

.. ..

.. ..

.. ..

238 ..

243 ..

300 ..

185 ..

76 ..

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 69.1

0.0 0.0 0.0 0.0 59.8

.. .. ..

.. .. ..

.. .. ..

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

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

8,209 .. .. .. .. .. ..

10,184 .. .. .. .. .. ..

10,644 .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. 11.3 .. 2.0 70.4 .. ..

.. 19.4 .. 1.1 41.5 .. ..

.. 19.6 .. 0.8 43.3 .. ..

.. .. .. 0.9 45.7 .. ..

.. .. .. 4.4 48.7 .. ..

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)

60


AFGHANISTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,097 2,097 2,096 1,016 0 466 1,080 0 0 0 0 0

2,076 2,076 2,076 1,118 0 410 958 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

109 109 109 109 0 27 0 0 0 0 0 0

79 79 79 79 0 8 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 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 2 0 0 0 0 0

1 1 1 1 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 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

7 7 7 7 0 2 0 0 0 0 0 0

.. ..

.. ..

.. ..

229 143

1,045 201

115 131

134 123

75 86

.. .. ..

.. .. ..

.. .. ..

95 0 0

842 21 0

52 52 0

1 4 0

0 204 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

2011

2012

2013

2014

2015

2016

2017

2018

12 12

24 18

36 18

87 60

97 56

102 55

94 51

86 47

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Data for 2010 include the effects of Paris Club debt restructuring agreements signed in 2010 and of MDRI and HIPC debt reliefs in the amount of $72.9 million.

61


ALBANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

459 332 332 0 65 62 2

1,070 945 930 15 88 37 3

2,054 1,808 1,381 426 92 155 1

2,422 1,943 1,584 359 93 386 1

2,854 2,253 1,796 458 90 511 1

3,904 2,894 2,225 668 80 930 0

4,693 3,786 2,803 983 71 835 0

4,736 4,105 2,972 1,133 58 573 0

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

27 332 0 193

271 929 16 176

16 1,381 426 224

16 1,584 359 311

17 1,796 458 280

1 2,225 668 610

0 2,803 983 544

0 2,972 1,133 653

External debt flows Disbursements Long-term external debt IMF purchases

83 72 11

139 120 19

506 494 12

191 184 7

300 293 7

813 806 8

753 750 4

825 825 0

Principal repayments Long-term external debt IMF repurchases

2 0 1

17 10 7

51 41 9

159 147 11

92 78 14

96 80 15

135 121 14

379 367 12

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

-97 72 -178

130 110 8

609 452 154

264 36 231

332 215 124

1,138 725 420

523 628 -95

184 458 -262

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

9 5 1 3

11 9 1 2

30 25 0 4

47 29 1 17

61 34 1 26

68 50 1 17

91 80 1 11

85 77 0 8

70 ..

143 ..

262 ..

325 ..

662 ..

959 23

964 3

1,110 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

.. 2.5 0.0 0.0 60.2

.. 3.1 0.0 0.0 71.8

28.2 3.9 0.0 0.0 58.3

31.2 3.4 0.0 0.0 54.9

35.3 3.0 0.0 0.0 51.0

47.3 2.8 0.0 0.0 40.0

54.9 2.1 0.0 0.0 33.6

57.0 2.2 0.0 0.0 30.8

3.3 25.2 7.3

3.5 29.7 10.5

2.0 19.5 6.7

3.4 20.2 6.6

4.3 20.7 5.3

1.8 28.3 8.3

3.0 19.3 5.8

3.5 16.5 4.0

3.0 22.7 11.7

0.5 -2,000.4 24.8

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

7.0 5.8 4.8

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

9,347 2,629 1,359 4,569 5 -671 1,813

11,006 3,407 1,468 5,989 9 -1,151 2,162

13,135 4,307 1,495 7,705 301 -2,019 2,364

11,936 3,908 1,317 7,053 436 -1,838 2,369

11,681 4,169 1,156 6,794 362 -1,404 2,541

122.1 18.6 2.8 13.6 25.0 57.8 3.7

130.5 28.2 3.4 3.4 39.8 60.4 5.1

100.3 24.1 3.9 7.5 42.3 70.1 4.4

92.1 25.9 7.8 16.0 41.8 74.8 4.8

83.8 25.9 4.5 17.9 41.3 75.7 4.3

90.6 29.7 3.8 23.8 33.2 60.6 3.7

120.1 39.3 5.8 17.8 31.3 50.5 4.0

113.6 40.5 11.1 12.1 32.1 53.6 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)

62


ALBANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

332 332 307 115 0 109 192 25 0 0 0 0

945 930 908 426 0 346 482 22 0 0 15 0

1,808 1,381 1,357 869 0 655 488 24 0 2 426 0

1,943 1,584 1,558 1,013 0 729 545 27 0 3 359 0

2,253 1,796 1,770 1,179 6 803 591 25 0 4 458 0

2,894 2,225 1,879 1,295 17 817 584 346 0 331 668 0

3,786 2,803 2,132 1,469 24 849 664 671 0 635 983 0

4,105 2,972 2,159 1,522 26 850 637 813 401 336 1,133 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

72 72 72 48 0 43 24 0 0 0 0 0

120 120 120 101 0 64 19 0 0 0 0 0

494 117 116 83 0 34 34 0 0 0 377 0

184 168 168 115 0 46 53 0 0 0 15 0

293 164 163 130 5 48 32 1 0 0 128 0

806 567 210 171 12 27 39 356 0 345 239 0

750 559 256 190 7 34 66 303 0 284 191 0

825 631 184 149 3 26 35 447 398 6 194 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

10 10 9 2 0 0 6 1 0 0 0 0

41 40 40 18 0 4 22 1 0 0 1 0

147 58 55 24 0 5 31 3 0 0 90 0

78 56 52 26 0 6 26 4 0 0 22 0

80 58 58 27 0 7 30 0 0 0 23 0

121 80 80 40 0 9 40 1 0 0 41 0

367 346 88 46 0 11 42 257 0 257 21 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

9 8 7 4 0 2 3 0 0 0 1 0

25 23 23 14 0 5 10 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

80 69 36 24 1 6 12 33 0 33 10 0

77 65 31 22 0 6 9 34 0 34 12 0

-424 -97

351 130

498 609

368 264

432 332

1,049 1,138

789 523

43 184

6 116 30

28 0 0

10 0 0

9 2 0

0 0 0

8 0 0

41 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

2011

2012

2013

2014

2015

2016

2017

2018

123 38

132 42

148 43

153 43

175 41

164 38

168 35

171 31

225 65

226 58

191 53

208 49

538 45

114 12

122 9

100 6

Notes: Short-term debt is based on reports provided by the Central Bank.

63


ALGERIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

33,052 31,313 31,313 0 1,478 261 3

25,388 23,448 23,448 0 1,718 222 0

16,871 16,355 15,489 866 0 516 0

5,721 5,180 3,876 1,304 0 541 0

5,908 5,158 4,009 1,148 0 750 0

5,935 4,631 3,187 1,444 0 1,304 0

5,424 3,932 2,950 982 0 1,492 0

5,276 3,498 2,530 968 0 1,778 0

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

1 31,225 89 2,427

0 23,327 122 1,419

0 15,315 1,040 445

0 3,816 1,364 212

0 3,787 1,371 94

0 2,991 1,640 0

0 2,762 1,170 5

0 2,381 1,117 5

External debt flows Disbursements Long-term external debt IMF purchases

4,157 3,683 475

1,215 1,215 0

1,239 1,239 0

853 853 0

585 585 0

580 580 0

194 194 0

30 30 0

Principal repayments Long-term external debt IMF repurchases

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

1,058 1,058 0

879 879 0

573 573 0

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

1,361 1,435 -378

-1,572 -1,506 27

-3,733 -3,207 85

-11,914 -11,939 25

-328 -537 209

76 -478 554

-496 -685 189

-257 -543 286

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

1,832 1,741 69 22

1,655 1,552 92 10

921 888 18 15

626 610 1 15

224 202 0 22

191 160 0 31

139 121 0 18

111 93 0 18

.. ..

438 ..

1,081 ..

1,796 ..

1,662 ..

2,595 ..

2,760 ..

2,291 ..

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

.. 13.1 0.9 0.7 38.0

.. 14.4 1.0 0.5 44.5

40.5 8.2 1.4 0.8 40.9

58.4 6.1 0.0 0.1 30.0

60.1 4.7 0.0 0.1 28.9

58.7 5.2 0.0 0.0 30.2

59.7 4.4 0.0 0.0 30.1

57.3 4.9 0.0 0.0 31.6

6.2 11.7 3.3

6.2 15.0 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

0.5 11.5 6.5

7.2 8.9 1.9

6.2 7.4 1.9

0.8 11.2 4.0

3.5 12.0 3.1

4.6 6.0 0.9

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

39,574 .. 1,120 .. .. .. 4,164

52,080 .. 790 .. .. .. 13,556

97,259 50,268 2,060 31,154 5,485 21,181 59,167

112,669 59,721 1,610 32,409 6,295 28,923 81,463

134,004 67,230 2,120 38,818 5,405 30,631 114,972

169,689 87,212 2,202 55,546 6,206 34,440 148,099

139,577 52,917 2,059 55,147 5,892 402 155,112

155,538 65,400 2,044 55,280 .. 12,760 170,461

.. 83.5 .. 0.8 11.8 12.6 ..

.. 48.7 .. 0.9 16.2 53.4 ..

33.6 17.3 11.9 3.1 14.5 350.7 22.8

9.6 5.1 22.5 9.5 2.5 1,423.9 30.2

8.8 4.4 2.0 12.7 2.3 1,946.2 35.5

6.8 3.5 1.4 22.0 0.2 2,495.5 32.0

10.2 3.9 1.9 27.5 0.2 2,859.7 33.8

8.1 3.4 1.0 33.7 0.2 3,230.9 37.0

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)

64


ALGERIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

31,313 31,313 15,695 3,915 2,049 0 11,780 15,618 0 4,529 0 0

23,448 23,448 17,597 4,123 1,425 0 13,473 5,851 0 2,508 0 0

16,355 15,489 12,462 2,443 779 0 10,020 3,027 0 1,038 866 0

5,180 3,876 2,171 144 119 0 2,026 1,706 0 59 1,304 0

5,158 4,009 2,317 136 113 0 2,182 1,692 0 76 1,148 0

4,631 3,187 2,066 13 11 0 2,053 1,121 0 60 1,444 0

3,932 2,950 2,020 11 10 0 2,009 930 0 54 982 0

3,498 2,530 1,805 10 9 0 1,795 726 0 42 968 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

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

585 282 109 6 6 0 103 173 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

30 28 27 0 0 0 27 1 0 1 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

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 3,012 1,190 156 0 1,821 1,205 0 348 229 0

12,791 12,640 10,976 2,396 677 0 8,579 1,664 0 1,029 151 0

1,122 590 199 16 12 0 183 391 0 11 532 0

1,058 914 370 127 107 0 243 544 0 13 144 0

879 357 148 1 1 0 147 209 0 8 522 0

573 339 171 2 1 0 169 168 0 9 234 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

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

888 863 718 163 46 0 555 145 0 34 25 0

610 557 442 118 21 0 324 115 0 30 53 0

202 145 61 7 6 0 53 84 0 3 57 0

160 113 49 12 12 0 37 63 0 2 48 0

121 72 33 1 1 0 32 39 0 2 49 0

93 62 34 1 1 0 33 28 0 1 31 0

2,810 1,361

-2,618 -1,572

-5,314 -3,733

-11,150 -11,914

187 -328

27 76

-511 -496

-148 -257

5,096 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

2011

2012

2013

2014

2015

2016

2017

2018

294 40

262 36

231 31

224 27

181 22

151 19

138 16

85 13

295 42

361 34

224 32

168 18

412 35

96 11

67 6

41 3

Notes: Short-term debt data are reported by the country.

65


ANGOLA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

11,500 9,543 9,543 0 0 1,958 1,232

9,408 8,085 8,085 0 0 1,323 874

11,834 9,518 9,518 0 0 2,316 577

9,473 7,341 7,341 0 0 2,132 161

11,492 9,223 9,223 0 0 2,270 89

15,100 12,683 12,683 0 0 2,418 70

16,616 13,629 13,629 0 359 2,629 85

18,562 15,440 15,440 0 882 2,241 68

4,190 9,513 29 420

2,853 8,059 26 1,033

1,877 9,506 12 14,150

700 7,334 7 2,036

327 9,221 2 4,378

254 12,682 1 4,188

308 13,628 0 5,705

213 15,439 0 5,464

External debt flows Disbursements Long-term external debt IMF purchases

550 550 0

1,045 1,045 0

3,676 3,676 0

1,222 1,222 0

5,647 5,647 0

4,621 4,621 0

4,146 3,793 353

4,454 3,930 524

Principal repayments Long-term external debt IMF repurchases

332 332 0

1,530 1,530 0

2,289 2,289 0

3,514 3,514 0

3,779 3,779 0

1,129 1,129 0

3,130 3,130 0

2,109 2,109 0

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

-90 218 -308

-733 -485 -248

2,603 1,387 1,216

-2,060 -2,292 232

2,078 1,868 210

3,659 3,492 167

1,212 662 196

1,974 1,821 -371

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

132 79 0 53

175 149 0 26

313 257 0 57

908 824 0 83

683 579 0 104

511 443 0 68

423 392 0 31

200 164 6 30

472 ..

879 ..

-1,304 ..

-38 ..

-893 ..

1,679 ..

2,205 ..

.. ..

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

.. 0.3 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 90.5

6.4 0.0 0.2 0.0 91.1

7.7 0.0 0.1 0.0 90.6

9.7 0.0 0.1 0.0 88.5

8.6 0.0 0.1 0.0 89.9

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

3.8 9.2 0.9

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

4.6 9.7 2.1

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

51,674 45,329 .. 34,526 7,268 10,581 11,197

70,461 64,666 82 57,261 13,185 7,194 17,869

68,671 41,582 .. 48,784 6,130 -7,572 13,664

75,516 51,375 .. 43,900 .. 7,127 19,749

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

48.7 44.5 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 22.2 9.8 19.7 3.6 97.4 3.9

23.4 21.4 2.5 16.0 2.8 118.3 3.7

40.0 24.2 8.5 15.8 2.7 82.2 3.4

36.1 24.6 4.5 12.1 2.3 106.4 5.4

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)

66


ANGOLA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

9,518 9,518 3,174 371 0 319 2,803 6,344 0 5,062 0 0

7,341 7,341 2,581 396 0 347 2,186 4,760 0 3,928 0 0

9,223 9,223 3,202 416 0 365 2,786 6,021 0 5,248 0 0

12,683 12,683 4,001 421 0 369 3,580 8,682 0 7,790 0 0

13,629 13,629 4,814 441 0 385 4,373 8,814 0 7,939 0 0

15,440 15,440 8,152 436 0 378 7,716 7,287 0 6,241 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

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

3,676 3,676 321 34 0 30 287 3,355 0 3,236 0 0

1,222 1,222 505 21 0 18 485 717 0 573 0 0

5,647 5,647 951 9 0 8 942 4,695 0 4,562 0 0

4,621 4,621 1,100 16 0 12 1,084 3,521 0 3,276 0 0

3,793 3,793 1,111 23 0 19 1,088 2,682 0 2,542 0 0

3,930 3,930 3,656 10 0 6 3,646 274 0 24 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

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

3,514 3,514 1,207 15 0 5 1,192 2,307 0 1,713 0 0

3,779 3,779 352 7 0 5 345 3,427 0 3,253 0 0

1,129 1,129 275 8 0 6 267 854 0 715 0 0

3,130 3,130 310 8 0 6 302 2,821 0 2,663 0 0

2,109 2,109 282 9 0 7 273 1,827 0 1,784 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

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 3 357 460 0 330 0 0

579 579 162 3 0 2 159 416 0 352 0 0

443 443 118 4 0 3 115 325 0 260 0 0

392 392 143 4 0 3 139 250 0 218 0 0

164 164 114 5 0 4 109 50 0 40 0 0

207 -90

-891 -733

2,472 2,603

-2,361 -2,060

2,019 2,078

3,608 3,659

1,516 1,212

1,946 1,974

437 0 0

0 0 0

0 122 0

2 400 0

21 72 0

67 25 0

0 18 0

0 18 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

2011

2012

2013

2014

2015

2016

2017

2018

2,498 227

2,730 301

2,738 316

2,710 288

2,685 240

2,681 186

2,490 126

1,896 70

2,959 210

2,413 174

1,644 123

1,153 86

496 56

195 38

194 24

139 11

67


ARGENTINA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

118,902 98,925 68,627 30,298 0 19,977 10,003

120,283 100,651 72,927 27,723 0 19,632 10,760

127,849 92,844 67,331 25,514 0 35,005 5,457

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

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 68,539 30,386 4,969

19,637 72,866 27,785 3,375

9,156 67,283 25,561 1,156

External debt flows Disbursements Long-term external debt IMF purchases

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

6,845 6,845 0

Principal repayments Long-term external debt IMF repurchases

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

10,444 10,444 0

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

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

17,078 -3,599 20,676

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

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

3,596 3,426 0 170

5,609 1,091

10,418 -3,227

5,265 -48

5,537 707

6,473 1,785

9,726 -531

4,017 -212

6,337 -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

.. 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

31.2 3.1 0.0 0.4 63.8

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

3.3 18.4 3.6

1.9 26.3 3.9

1.2 24.8 4.0

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

2.9 28.5 19.0

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 60,254 541 52,947 7,112 7,767 32,022

255,510 72,968 606 65,967 7,283 7,354 46,149

319,508 87,794 698 81,209 7,902 6,755 46,385

297,639 70,254 621 61,896 8,360 8,405 48,007

353,713 84,079 641 80,638 8,516 3,082 52,208

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 45.9 12.3 16.4 12.7 39.3 8.4

135.4 37.2 8.8 16.8 12.4 39.0 6.9

171.2 40.4 17.3 16.3 13.4 39.9 9.3

152.1 36.1 16.7 27.4 13.2 40.8 7.8

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)

68


ARGENTINA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

98,925 68,627 20,575 14,780 5,069 0 5,794 48,052 47,088 205 30,298 7,921

100,651 72,927 22,333 16,157 5,305 0 6,176 50,595 49,670 208 27,723 6,850

92,844 67,331 22,922 16,918 5,349 0 6,004 44,409 43,571 201 25,514 7,855

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

8,954 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

6,845 2,545 2,455 2,437 787 0 18 90 90 0 4,300 2,037

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

3,048 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 2,363 2,253 936 0 111 3 3 0 2,268 2,009

8,784 3,071 1,783 1,637 793 0 146 1,287 1,232 0 5,714 450

10,444 4,789 1,917 1,648 741 0 268 2,872 2,818 0 5,655 969

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

4,320 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 1,644 763 719 258 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

3,426 2,337 613 552 147 0 60 1,725 1,695 0 1,089 567

23,646 21,972

570 4,074

-37,439 14,787

-9,076 -12,289

1,454 -7,121

1,585 2,568

1,381 -2,350

7,567 17,078

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

8,115 9,347 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

2011

2012

2013

2014

2015

2016

2017

2018

2,131 478

2,287 442

1,984 396

1,965 349

1,930 300

1,782 254

1,560 215

1,438 183

5,558 4,010

5,180 3,696

4,422 3,374

1,847 3,142

4,940 2,996

2,186 2,618

6,219 2,299

1,344 1,903

Notes: Long-term private nonguaranteed debt data for 2010 are reported by the country for the second time. Historical data are World Bank staff estimates. Short-term debt data are revised from 2007 to 2009 based on BIS data and 2010 based on country data. Long-term provincial debt data are World Bank staff estimates.

69


ARMENIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,886 3,778 2,376 1,401 587 521 0

6,103 4,744 2,557 2,187 741 618 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 1,401 898

0 2,557 2,187 248

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

1,713 1,247 466

1,919 1,734 184

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

323 300 23

879 857 22

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

1,458 947 68

1,137 877 97

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

100 79 4 17

89 60 8 21

25 0

104 0

239 1

453 -1

699 0

935 -1

777 1

570 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 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

5.8 14.6 0.0 0.0 62.8

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

1.9 20.6 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

0.7 14.4 3.9

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

12,133 2,751 1,062 5,272 279 -1,383 1,407

8,708 2,054 769 4,237 332 -1,369 2,004

9,424 2,897 996 4,833 364 -1,373 1,866

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 28.1 13.3 13.3 32.6 41.3 3.2

237.9 56.1 20.6 10.7 29.2 41.0 5.7

210.7 64.8 33.4 10.1 24.8 30.6 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)

70


ARMENIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,778 2,376 2,375 1,427 53 1,161 948 1 0 0 1,401 0

4,744 2,557 2,556 1,513 106 1,161 1,042 1 0 0 2,187 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

1,247 941 941 324 49 142 617 0 0 0 306 0

1,734 198 198 127 53 36 71 0 0 0 1,536 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

300 21 21 15 1 14 6 0 0 0 279 0

857 24 24 18 1 15 6 0 0 0 833 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

79 23 23 9 0 8 14 0 0 0 56 0

60 35 35 12 1 8 23 0 0 0 25 0

156 147

15 42

-127 -38

162 104

894 831

508 497

1,480 1,458

1,217 1,137

0 0 0

14 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

2011

2012

2013

2014

2015

2016

2017

2018

28 36

30 38

81 38

98 37

111 36

120 34

134 32

144 30

560 95

416 71

366 49

239 36

184 25

140 17

113 10

90 5

Notes: Short-term debt is based on reports provided by the country.

71


AZERBAIJAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,384 892 794 99 336 156 0

1,941 1,591 1,404 187 164 186 0

2,492 1,838 1,734 104 134 520 0

3,521 2,375 2,232 143 103 1,043 0

4,263 3,014 2,687 327 79 1,169 0

4,531 3,660 3,346 314 62 810 0

6,974 6,050 3,892 2,158 46 878 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

0 794 99 202

0 1,404 187 1,387

0 1,734 104 412

0 2,232 143 723

0 2,687 327 1,928

0 3,346 314 1,627

0 3,892 2,158 823

External debt flows Disbursements Long-term external debt IMF purchases

205 102 103

306 306 0

449 430 19

468 468 0

490 490 0

741 741 0

870 870 0

2,780 2,780 0

Principal repayments Long-term external debt IMF repurchases

0 0 0

74 22 51

200 152 48

206 169 37

90 53 37

174 152 22

264 246 19

315 300 15

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

207 102 2

360 284 127

298 279 48

596 299 334

923 437 523

694 589 126

247 624 -359

2,532 2,479 68

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

10 9 1 0

56 37 14 5

35 26 2 6

55 39 2 15

97 78 1 18

122 88 1 33

83 64 0 19

95 75 0 20

330 0

130 0

1,680 0

-584 1

-4,749 2

15 0

473 0

563 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 51.4

.. 19.3 0.0 12.1 61.1

13.6 26.6 0.0 3.3 51.9

19.6 20.9 0.0 2.3 50.9

22.3 17.1 0.0 1.7 51.0

21.1 17.6 0.0 1.4 51.6

27.0 12.7 0.0 1.0 51.3

28.9 13.8 0.0 0.6 49.4

1.4 32.2 9.4

4.3 22.6 4.7

2.3 28.8 7.7

4.3 24.7 8.0

4.9 20.1 4.2

2.7 21.5 4.8

1.4 25.2 6.6

1.5 17.6 4.7

0.0 0.0 0.0

8.2 11.4 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

4.5 14.0 3.5

3.0 10.0 2.5

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

46,870 29,216 1,432 14,686 3,815 15,040 6,409

40.4 10.6 1.3 4.4 30.8 37.7 1.1

63.7 27.8 6.0 11.3 23.3 49.1 3.4

22.7 16.7 2.8 9.6 32.5 60.7 1.6

17.5 13.6 1.8 20.9 29.5 100.3 2.7

15.4 12.6 0.8 29.6 27.4 121.3 3.5

13.0 10.4 0.9 27.4 26.7 151.7 4.5

19.4 11.3 1.5 17.9 32.3 118.4 4.6

23.9 14.9 1.4 12.6 25.0 91.9 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)

72


AZERBAIJAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

892 794 656 323 0 216 333 138 0 113 99 0

1,591 1,404 1,130 630 0 501 500 274 0 274 187 0

1,838 1,734 1,277 735 5 583 542 457 0 403 104 0

2,375 2,232 1,539 963 21 660 576 693 0 552 143 0

3,014 2,687 1,858 1,140 78 698 719 829 0 634 327 0

3,660 3,346 2,178 1,461 199 739 717 1,168 0 949 314 0

6,050 3,892 2,665 1,745 300 763 920 1,226 0 1,023 2,158 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

306 300 213 56 0 27 157 88 0 84 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

741 526 283 213 56 50 70 242 0 167 216 0

870 820 431 367 122 45 64 389 0 346 50 0

2,780 866 559 353 101 46 206 307 0 296 1,914 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

152 55 38 18 0 2 21 16 0 16 97 0

169 53 34 17 0 4 17 19 0 17 116 0

53 43 26 21 0 6 5 16 0 13 11 0

152 129 49 29 0 8 20 80 0 59 23 0

246 193 115 54 0 9 61 78 0 59 53 0

300 228 101 42 0 10 58 128 0 101 72 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

26 19 16 9 0 4 7 4 0 4 7 0

39 32 18 11 1 4 7 14 0 13 7 0

78 71 34 26 1 5 8 37 0 24 7 0

88 77 29 21 3 5 8 48 0 35 11 0

64 52 31 22 5 5 9 21 0 15 12 0

75 62 27 19 4 6 9 35 0 32 13 0

208 207

306 360

94 298

551 596

1,030 923

741 694

269 247

2,442 2,532

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

2011

2012

2013

2014

2015

2016

2017

2018

135 46

199 52

249 54

299 59

312 58

350 55

351 51

355 47

183 48

203 48

278 45

256 38

245 32

225 26

207 21

182 16

Notes: Long-term private nonguaranteed debt data cover European Bank for Reconstruction and Development and other private creditors.

73


BANGLADESH (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

15,726 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

20,035 18,380 18,380 0 476 1,178 0

21,298 19,428 19,428 0 501 1,370 4

22,880 20,300 20,300 0 686 1,894 1

23,802 21,187 21,187 0 675 1,940 1

24,963 21,371 21,371 0 617 2,974 2

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

13 14,905 0 716

4 14,985 0 588

1 17,385 0 1,106

3 18,380 0 1,322

53 19,428 0 1,997

11 20,300 0 2,751

7 21,187 0 1,796

22 21,371 0 2,007

External debt flows Disbursements Long-term external debt IMF purchases

757 757 0

861 861 0

976 878 97

1,213 1,063 150

1,080 1,080 0

1,939 1,732 206

1,499 1,499 0

963 963 0

Principal repayments Long-term external debt IMF repurchases

574 513 61

572 487 86

566 566 0

482 482 0

735 735 0

640 632 8

727 703 23

780 734 46

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

182 244 -1

368 374 80

370 312 -40

1,237 581 506

532 344 188

1,826 1,100 527

818 795 46

1,216 229 1,033

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

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

233 199 3 32

2 -15

280 1

813 20

697 31

653 153

1,010 -48

713 -153

968 ..

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

.. 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

0.5 9.8 1.2 0.0 52.7

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

0.9 35.8 9.3

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

0.0 0.0 0.0

39,097 4,702 1,202 7,790 0 -824 2,376

48,857 7,293 1,968 10,018 149 -306 1,516

63,355 10,668 4,315 15,618 661 -176 2,825

65,952 13,065 5,428 17,802 765 1,196 3,877

73,523 14,335 6,562 20,766 903 857 5,277

86,607 17,690 8,941 26,382 840 926 5,787

97,485 17,098 10,521 24,522 1,105 3,556 10,342

109,438 21,765 10,852 30,595 1,164 2,502 11,175

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

129.3 26.4 5.0 8.3 75.6 25.3 2.6

139.2 24.4 5.6 8.2 77.2 43.4 5.1

114.7 22.8 4.7 11.9 74.0 44.8 4.4

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)

74


BANGLADESH (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

18,380 18,380 18,217 14,947 0 9,297 3,270 163 0 30 0 0

19,428 19,428 19,280 16,315 0 10,077 2,965 148 0 26 0 0

20,300 20,300 20,202 17,296 0 10,613 2,907 98 0 18 0 0

21,187 21,187 21,103 18,376 0 10,746 2,726 84 0 15 0 0

21,371 21,371 21,303 18,460 0 10,653 2,842 69 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

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

1,063 1,063 1,063 742 0 398 321 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

963 963 963 850 0 326 113 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

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

703 703 690 477 0 234 214 13 0 3 0 0

734 734 723 498 0 243 225 11 0 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

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

203 203 199 161 0 77 38 3 0 1 0 0

197 197 195 157 0 79 38 2 0 0 0 0

199 199 197 160 0 78 37 2 0 0 0 0

244 182

-845 368

-1,205 370

1,653 1,237

1,263 532

1,582 1,826

922 818

1,161 1,216

0 0 0

0 0 0

0 0 0

0 83 0

0 158 0

0 533 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

2011

2012

2013

2014

2015

2016

2017

2018

798 236

837 242

1,130 244

1,151 237

949 229

1,005 227

1,051 221

1,105 218

23 2

20 2

15 1

15 1

2 0

2 0

2 0

2 0

75


BELARUS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

12,266 5,308 3,719 1,589 0 6,959 2

17,490 6,594 4,823 1,772 2,871 8,024 3

25,726 10,251 7,850 2,401 3,495 11,980 0

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 3,719 1,589 1,961

19 4,823 1,772 1,492

0 7,850 2,401 3,582

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

4,980 2,154 2,825

5,675 5,007 668

Principal repayments Long-term external debt IMF repurchases

108 108 0

261 206 56

519 510 9

483 483 0

757 757 0

858 858 0

866 866 0

905 905 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

1,932 1,851 82

5,178 1,289 1,064

8,729 4,102 3,959

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

506 239 66 201

15 0

119 1

305 1

354 -1

1,785 5

2,181 1

1,884 1

1,403 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 93.3

7.7 0.0 0.0 0.0 89.4

15.8 0.2 0.0 0.0 70.5

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

4.1 13.4 4.7

6.9 4.9 2.7

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

8.8 5.1 5.1

13,922 5,271 29 5,805 0 -458 377

12,690 7,667 139 8,160 5 -338 350

30,266 18,350 255 18,079 135 436 1,342

37,206 22,482 340 24,134 236 -1,448 1,386

45,546 27,901 354 31,124 435 -3,032 4,179

61,149 37,696 443 42,855 682 -4,988 3,063

49,507 25,341 358 31,793 872 -6,178 5,640

54,989 30,400 376 39,021 1,039 -8,317 5,025

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 15.6 3.7 74.0 1.7 28.3 0.9

23.8 14.4 3.3 68.3 1.2 25.9 0.7

37.1 22.7 3.9 66.5 0.5 40.4 1.6

32.5 20.1 3.2 56.7 0.4 25.0 0.9

69.0 35.3 4.7 45.9 1.5 32.2 2.1

84.6 46.8 4.6 46.6 1.1 19.5 1.5

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)

76


BELARUS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,308 3,719 3,547 50 42 0 3,497 172 0 68 1,589 19

6,594 4,823 4,694 261 256 0 4,433 128 0 46 1,772 19

10,251 7,850 5,882 295 291 0 5,587 1,968 1,802 110 2,401 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

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

2,154 1,265 1,254 216 216 0 1,038 11 0 10 889 0

5,007 3,628 1,733 37 37 0 1,696 1,895 1,796 99 1,379 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

858 183 97 19 17 0 78 86 0 35 675 0

866 158 99 5 3 0 95 59 0 33 708 0

905 163 110 3 1 0 107 53 0 32 742 19

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

239 154 114 2 2 0 112 40 37 2 85 1

398 369

-122 -89

708 695

615 412

4,989 5,000

1,926 1,932

5,224 5,178

8,236 8,729

0 0 0

50 0 0

0 0 0

0 0 0

0 0 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

2011

2012

2013

2014

2015

2016

2017

2018

190 239

1,216 236

456 139

601 119

584 96

509 77

519 63

496 49

652 210

607 194

376 184

293 176

1,015 91

163 8

131 4

131 1

Notes: Short-term debt is based on reports provided by the National Bank.

77


BELIZE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

255 219 219 0 0 36 1

615 565 557 8 0 50 0

1,021 1,014 989 25 0 7 7

1,046 1,038 1,018 20 0 8 8

1,060 1,053 1,039 14 0 7 7

1,044 1,036 1,020 16 0 7 7

1,071 1,054 1,040 14 7 10 10

1,045 1,031 1,021 10 7 7 7

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

1 219 0 29

0 557 8 224

2 989 25 199

0 1,018 20 106

1 1,038 15 581

1 1,020 16 28

1 1,035 19 90

1 1,017 14 71

External debt flows Disbursements Long-term external debt IMF purchases

31 31 0

223 223 0

213 213 0

100 100 0

604 604 0

41 41 0

78 71 7

31 31 0

Principal repayments Long-term external debt IMF repurchases

25 25 0

41 41 0

157 157 0

77 77 0

591 591 0

56 56 0

53 53 0

53 53 0

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

27 6 21

181 182 -1

55 55 0

23 23 0

13 13 0

-15 -15 0

25 18 0

-22 -22 0

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

11 10 0 1

35 32 0 3

74 74 0 0

65 65 0 0

64 64 0 0

49 49 0 0

46 46 0 0

48 48 0 0

21 ..

23 ..

127 ..

109 4

140 ..

170 2

109 ..

96 ..

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 10.0 0.1 62.7

.. 0.0 1.8 0.0 92.6

1.6 0.0 0.4 0.0 96.5

1.7 0.0 0.4 0.0 96.6

1.6 0.0 0.2 0.0 96.8

1.1 0.0 0.1 0.0 97.5

1.5 0.0 0.1 0.0 97.2

1.3 0.0 0.1 0.0 97.5

5.9 17.9 3.9

6.3 21.1 5.3

0.0 28.4 1.0

2.9 10.5 2.4

5.1 21.6 5.4

3.8 18.9 4.3

1.9 22.2 4.6

2.0 22.5 5.3

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 22.0 12.5

4.3 22.0 12.5

0.0 0.0 0.0

0.0 0.0 0.0

599 300 14 351 8 -17 38

775 441 26 663 31 -156 123

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 1,129 107 -145 166

1,236 733 80 895 56 -83 214

1,303 834 80 972 102 -46 218

85.0 42.6 12.2 14.0 35.1 14.7 1.3

139.3 79.3 17.3 8.1 22.6 20.0 2.2

161.1 102.0 36.5 0.7 22.0 7.0 1.0

130.7 96.2 17.8 0.7 21.8 10.9 1.5

127.6 94.8 78.9 0.7 23.0 10.2 1.3

119.6 87.2 12.1 0.7 22.1 15.9 1.8

146.1 86.6 13.5 0.9 23.8 20.0 2.9

125.3 80.3 12.1 0.7 24.5 20.9 2.7

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)

78


BELIZE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

219 219 175 89 30 0 86 44 0 39 0 0

565 557 228 139 40 0 89 328 75 245 8 0

1,014 989 348 225 35 0 124 641 482 149 25 0

1,038 1,018 415 228 30 0 188 603 466 129 20 0

1,053 1,039 391 243 25 0 148 648 24 619 14 0

1,036 1,020 386 230 21 0 156 635 22 610 16 0

1,054 1,040 417 254 16 0 162 624 21 603 14 0

1,031 1,021 406 256 12 0 150 615 21 594 10 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

31 31 26 12 6 0 13 5 0 5 0 0

223 218 27 22 2 0 4 192 86 96 5 0

213 213 48 14 1 0 34 165 143 12 0 0

100 100 97 17 0 0 80 3 0 3 0 0

604 604 63 36 0 0 26 541 0 541 0 0

41 41 40 16 0 0 24 2 0 2 0 0

71 71 70 40 0 0 30 1 0 1 0 0

31 31 31 21 0 0 10 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

25 25 18 7 2 0 11 8 0 5 0 0

41 41 20 9 4 0 11 22 11 9 0 0

157 155 21 14 4 0 6 135 36 98 2 0

77 73 31 16 5 0 15 42 16 22 5 0

591 585 88 22 5 0 66 497 441 52 6 0

56 52 38 22 5 0 16 15 2 10 4 0

53 51 39 17 4 0 23 12 1 8 2 0

53 49 41 18 4 0 23 8 0 8 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

10 10 8 4 2 0 4 2 0 2 0 0

32 32 12 7 3 0 4 20 1 18 0 0

74 73 15 10 2 0 5 58 41 16 1 0

65 64 17 10 2 0 7 47 36 10 1 0

64 64 19 11 2 0 8 45 23 21 0 0

49 49 17 10 1 0 7 31 2 29 0 0

46 45 15 8 1 0 7 30 2 28 0 0

48 47 13 8 0 0 5 34 2 32 1 0

56 27

219 181

51 55

25 23

14 13

-16 -15

27 25

-25 -22

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

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

2011

2012

2013

2014

2015

2016

2017

2018

39 12

31 12

31 11

34 11

34 10

42 9

33 8

31 7

12 29

31 27

9 26

9 25

8 24

5 24

5 23

4 23

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates.

79


BENIN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,397 1,265 1,265 0 84 47 8

1,388 1,238 1,238 0 84 66 1

1,538 1,444 1,444 0 53 41 2

641 597 597 0 3 41 2

764 755 755 0 4 5 5

917 857 857 0 22 37 4

1,072 990 990 0 39 44 32

1,221 1,134 1,134 0 55 32 25

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

71 1,265 0 113

2 1,238 0 140

6 1,444 0 266

8 597 0 91

9 755 0 228

13 857 0 147

36 990 0 232

41 1,134 0 284

External debt flows Disbursements Long-term external debt IMF purchases

104 90 14

48 39 9

98 97 1

162 161 1

160 158 1

162 143 19

166 150 16

209 193 16

Principal repayments Long-term external debt IMF repurchases

25 23 2

53 43 11

31 24 7

27 27 0

18 18 0

17 17 0

25 25 0

30 30 0

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

95 67 16

-54 -4 -48

82 73 15

135 134 0

102 140 -39

178 127 33

120 125 -21

175 163 -5

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

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

13 13 0 0

13 0

60 0

53 2

53 0

255 5

170 -2

134 9

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

.. 0.0 0.5 0.0 45.0

.. 2.6 0.3 0.0 54.7

4.4 0.0 0.0 0.0 50.6

4.9 0.0 0.0 0.0 27.0

3.8 0.0 0.0 0.0 27.8

3.2 0.0 0.0 0.0 24.3

5.3 0.0 0.0 0.0 21.5

9.7 0.0 0.0 0.0 19.9

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

1.0 31.5 9.4

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

0.0 0.0 0.0

0.0 0.0 0.0

1,965 638 100 926 6 -167 198

2,243 552 87 744 1 -81 459

4,259 797 173 1,188 9 -226 655

4,623 976 224 1,452 15 -217 912

5,428 1,386 282 2,189 53 -534 1,209

6,672 1,675 251 2,456 30 -536 1,263

6,605 .. 251 2,310 32 -649 1,230

6,633 .. 248 .. .. .. 1,200

219.0 71.1 7.5 3.4 63.2 14.2 2.6

251.5 61.9 13.5 4.8 69.8 33.1 7.4

192.8 36.1 5.9 2.7 88.2 42.6 6.6

65.6 13.9 4.2 6.4 72.2 142.4 7.5

55.1 14.1 2.1 0.6 78.1 158.2 6.6

54.7 13.7 3.5 4.1 75.5 137.8 6.2

.. 16.2 .. 4.1 74.7 114.7 6.4

.. 18.4 .. 2.7 75.9 98.3 ..

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)

80


BENIN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1,265 1,265 1,261 882 0 498 379 4 0 0 0 0

1,238 1,238 1,235 969 0 578 266 3 0 0 0 0

1,444 1,444 1,444 1,356 0 771 88 0 0 0 0 0

597 597 597 463 0 126 134 0 0 0 0 0

755 755 755 597 0 176 159 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

1,134 1,134 1,134 927 0 383 207 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

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

193 193 193 166 0 79 27 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

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

30 30 30 21 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

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

13 13 13 11 0 2 2 0 0 0 0 0

14 95

-88 -54

-60 82

-897 135

123 102

153 178

156 120

149 175

5 139 0

53 7 0

0 15 0

0 1,076 0

0 0 0

0 6 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

2011

2012

2013

2014

2015

2016

2017

2018

49 15

52 17

58 18

60 18

63 17

60 16

61 15

61 14

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Benin was granted debt relief effective in 2006 under MDRI.

81


BHUTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

793.0 775.0 775.0 0.0 0.0 18.0 0.0

685.5 677.5 677.5 0.0 0.0 8.0 0.0

751.9 746.9 746.9 0.0 0.0 5.0 0.0

898.2 892.2 892.2 0.0 0.0 6.0 0.0

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

0.2 105.2 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 0.0 556.0

0.0 677.5 0.0 0.0

0.0 746.9 0.0 175.8

0.0 892.2 0.0 1045.2

External debt flows Disbursements Long-term external debt IMF purchases

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

31.7 31.7 0.0

91.9 91.9 0.0

177.8 177.8 0.0

Principal repayments Long-term external debt IMF repurchases

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

46.6 46.6 0.0

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

2.7 2.7 0.0

29.6 30.1 -0.5

85.3 77.3 8.0

47.3 39.3 8.0

10.0 8.0 2.0

-21.8 -11.8 -10.0

47.8 50.8 -3.0

132.2 131.2 1.0

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

2.6 2.6 0.0 0.0

2.0 1.8 0.0 0.2

2.2 2.0 0.0 0.2

4.4 3.4 0.0 1.0

7.9 6.9 0.0 1.0

38.0 38.0 0.0 0.0

34.4 34.4 0.0 0.0

37.6 37.5 0.0 0.1

.. ..

.. ..

9.0 ..

6.1 ..

73.8 ..

28.7 ..

17.6 ..

11.7 ..

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 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

11.6 0.0 0.0 0.0 22.9

11.5 0.0 0.0 0.0 24.0

10.1 3.3 0.0 0.0 22.3

1.3 33.4 11.2

3.6 32.1 10.5

0.8 28.6 7.1

1.4 32.0 8.5

9.2 19.9 7.7

0.8 38.9 9.4

4.3 24.7 6.1

9.8 22.4 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 0.0

291.6 .. .. .. .. .. 130.5

418.7 .. .. .. .. .. 317.6

806.6 .. .. .. .. .. 467.4

899.9 381.9 2.2 565.8 0.4 -79.1 545.3

1190.9 658.0 2.9 610.2 1.1 143.4 699.0

1231.4 688.6 3.6 832.2 1.9 -26.8 764.8

1229.6 534.8 4.8 733.4 1.1 -112.9 890.9

1419.7 .. 4.8 .. .. .. 1002.1

.. 36.3 .. 0.5 64.5 123.3 ..

.. 48.7 .. 0.8 49.4 155.9 ..

.. 80.5 .. 1.9 27.3 72.0 ..

186.8 79.3 2.7 2.2 27.4 76.5 11.6

120.5 66.6 4.8 2.3 28.2 88.1 13.7

99.5 55.7 11.8 1.2 34.7 111.6 11.0

140.6 61.2 14.1 0.7 38.0 118.5 14.6

.. 63.3 .. 0.7 36.9 111.6 ..

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)

82


BHUTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

677.5 677.5 677.5 238.1 0.0 94.3 439.4 0.0 0.0 0.0 0.0 0.0

746.9 746.9 746.9 286.0 0.0 113.9 460.9 0.0 0.0 0.0 0.0 0.0

892.2 892.2 892.2 331.6 0.0 112.3 560.6 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

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

31.7 31.7 31.7 14.7 0.0 8.6 16.9 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

177.8 177.8 177.8 50.1 0.0 2.1 127.8 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

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

46.6 46.6 46.6 6.4 0.0 1.7 40.2 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

2.6 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

37.5 37.5 37.5 3.0 0.0 0.8 34.5 0.0 0.0 0.0 0.0 0.0

1.3 2.7

20.0 29.6

55.9 85.3

64.1 47.3

79.7 10.0

-107.5 -21.8

66.4 47.8

146.3 132.2

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

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

2011

2012

2013

2014

2015

2016

2017

2018

72.2 35.4

72.7 30.7

77.6 25.8

81.3 20.3

122.8 60.9

94.8 51.7

86.1 76.7

122.2 121.2

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

83


BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

5,528 5,370 2,401 2,969 0 158 0

5,743 5,189 2,542 2,647 0 554 0

5,267 5,164 2,806 2,358 0 103 0

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

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 2,392 2,978 1,173

0 2,533 2,656 1,156

0 2,795 2,368 881

External debt flows Disbursements Long-term external debt IMF purchases

520 494 26

759 744 15

895 880 14

364 364 0

912 912 0

1,263 1,263 0

512 512 0

552 552 0

Principal repayments Long-term external debt IMF repurchases

199 173 26

454 434 20

355 315 40

208 208 0

539 525 15

767 767 0

453 453 0

567 567 0

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

341 321 20

294 309 -10

449 565 -91

194 155 38

329 387 -43

477 496 -19

455 59 396

-467 -16 -451

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

173 155 1 17

180 159 1 20

174 159 6 10

215 203 2 10

202 194 1 7

179 175 0 4

138 119 0 19

79 76 0 4

393 0

736 0

-239 0

281 0

366 0

512 0

423 0

622 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

.. 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

2.7 0.0 0.0 0.0 84.8

3.8 29.1 7.8

4.3 28.1 7.8

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 5.2

2.1 20.7 4.6

6.7 5.6 1.0

1.8 34.3 8.6

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

0.1 35.7 26.8

6,494 1,262 7 1,809 24 -303 1,005

8,172 1,610 127 2,443 148 -446 1,184

9,173 3,401 346 3,363 271 622 1,795

11,054 4,587 612 4,091 392 1,317 3,194

12,631 5,327 1,065 5,002 644 1,591 5,314

16,139 7,373 1,144 6,664 681 1,993 7,720

16,666 5,666 1,069 6,065 769 814 8,575

18,926 6,922 1,088 7,129 863 874 9,731

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 75.3 15.6 2.6 60.9 26.0 6.4

126.4 52.4 9.2 3.8 47.5 55.1 9.4

93.7 39.5 13.9 3.5 33.9 106.4 12.7

75.0 34.3 12.8 2.9 32.6 139.7 13.9

101.4 34.5 10.4 9.6 34.3 149.3 17.0

76.1 27.8 9.3 2.0 42.9 184.8 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)

84


BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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 4,541 4,206 0 1,673 336 27 0 5 1,914 0

5,563 3,175 3,148 2,754 0 233 393 28 0 8 2,388 0

4,815 2,194 2,158 1,690 0 259 468 36 10 8 2,621 0

5,370 2,401 2,304 1,803 0 281 502 97 10 74 2,969 0

5,189 2,542 2,451 1,971 0 316 480 92 0 81 2,647 0

5,164 2,806 2,782 2,259 0 355 523 24 0 14 2,358 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

494 427 427 383 0 113 45 0 0 0 67 0

744 276 263 238 0 61 25 13 0 0 468 0

880 434 429 346 0 71 83 4 0 4 447 0

364 259 255 183 0 34 72 4 0 3 105 0

912 319 308 222 0 16 86 10 10 0 593 0

1,263 590 524 458 0 25 66 67 0 66 673 0

512 415 408 330 0 34 79 7 0 7 97 0

552 522 519 436 0 46 84 3 0 0 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

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

767 375 370 351 0 1 19 5 0 0 392 0

453 196 184 166 0 2 18 13 10 0 257 0

567 246 176 138 0 2 38 70 0 66 322 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

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

119 71 67 57 0 2 10 4 0 3 48 0

76 53 50 42 0 2 8 4 0 4 22 0

396 341

237 294

686 449

-1,110 194

-805 329

536 477

215 455

-476 -467

196 82 0

0 64 0

0 65 0

0 1,787 0

0 1,182 0

0 17 0

0 87 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

2011

2012

2013

2014

2015

2016

2017

2018

185 68

190 77

236 84

279 86

313 83

315 78

320 74

314 67

578 86

514 63

634 48

220 17

207 14

103 11

68 9

202 13

85


BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

.. .. .. .. 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

9,625 7,662 3,570 4,091 286 1,677 0

8,457 6,899 3,751 3,149 521 1,037 0

.. .. .. ..

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 3,570 4,091 375

0 3,751 3,149 656

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

683 401 282

771 534 237

Principal repayments Long-term external debt IMF repurchases

.. .. 28

190 170 20

134 95 39

188 144 44

145 127 18

139 137 2

510 510 0

1,128 1,128 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

945 -109 772

-997 -594 -640

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

290 217 1 72

231 177 5 49

.. ..

146 0

608 0

768 0

2,071 0

982 0

240 0

232 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 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 32.8

51.0 1.3 0.0 1.0 30.8

.. .. ..

3.7 23.3 6.7

1.9 17.1 5.9

3.1 20.6 6.9

3.9 22.3 6.1

4.7 16.2 4.3

1.7 16.1 4.8

0.9 22.1 7.4

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

2.9 12.1 2.9

4.2 15.1 6.9

1.2 13.4 6.0

1.0 13.5 4.5

1.4 13.0 3.5

.. .. .. .. .. .. ..

6,096 2,247 1,607 4,234 0 -396 497

11,216 4,227 2,043 8,103 97 -1,844 2,548

12,717 5,254 2,157 8,486 175 -998 3,655

15,722 6,728 2,700 11,093 344 -1,648 5,002

19,131 8,041 2,735 13,486 187 -2,605 4,464

17,630 6,360 2,133 9,738 -70 -1,075 4,548

17,317 6,819 1,905 10,086 27 -1,008 4,383

.. .. .. .. .. .. ..

123.4 45.5 14.2 1.8 45.6 17.9 1.4

147.2 55.5 6.8 13.5 27.5 40.9 3.8

137.8 57.0 7.1 16.2 24.9 50.5 5.2

131.1 56.1 6.5 19.1 22.0 56.7 5.4

103.3 43.4 5.5 10.9 23.9 53.8 4.0

151.3 54.6 12.6 17.4 22.8 47.3 5.6

124.0 48.8 19.9 12.3 28.6 51.8 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 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


BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

.. .. .. .. 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

7,662 3,570 3,043 2,198 417 1,102 845 527 322 206 4,091 0

6,899 3,751 3,285 2,416 445 1,180 869 466 273 193 3,149 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

.. .. .. .. .. .. .. .. .. .. .. ..

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

401 329 316 271 0 33 46 12 0 12 73 0

534 464 450 372 50 115 78 14 0 14 69 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

.. .. .. .. .. .. .. .. .. .. .. ..

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

510 109 96 84 25 15 12 13 0 13 401 0

1,128 145 107 94 25 18 13 37 25 13 984 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

.. .. .. .. .. .. .. .. .. .. .. ..

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

217 63 56 41 17 8 14 8 0 8 153 0

177 55 47 32 8 8 15 9 5 3 121 0

.. ..

397 -41

633 879

1,020 899

1,580 1,392

-520 -450

1,322 945

-1,168 -997

.. .. ..

4 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 28 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

2011

2012

2013

2014

2015

2016

2017

2018

176 60

173 60

198 59

225 57

233 53

236 49

247 45

253 41

884 128

678 94

611 70

368 48

295 35

229 25

196 17

147 11

Notes: Data on long-term private nonguaranteed debt from 2005 are World Bank staff estimates.

87


BOTSWANA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

1,709 1,352 1,352 0 0 357 0

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

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

0 1,352 0 341

External debt flows Disbursements Long-term external debt IMF purchases

67 67 0

28 28 0

11 11 0

4 4 0

50 50 0

54 54 0

1,006 1,006 0

17 17 0

Principal repayments Long-term external debt IMF repurchases

64 64 0

52 52 0

40 40 0

45 45 0

37 37 0

61 61 0

36 36 0

56 56 0

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

4 3 1

-29 -24 -5

-17 -30 13

-51 -40 -11

11 13 -2

15 -6 21

1,156 970 186

89 -39 128

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

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

19 16 0 4

70 6

57 -6

492 27

751 36

647 9

895 -37

252 18

529 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

.. 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

0.3 3.6 0.8 0.0 8.1

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

1.0 23.4 4.5

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

4,741 2,904 59 2,565 416 300 4,695

5,280 3,378 26 3,050 658 545 6,318

9,416 5,740 131 4,851 1,066 1,562 6,309

10,483 5,821 116 4,755 1,043 1,938 7,992

11,638 6,339 105 5,649 989 1,796 9,790

12,841 6,147 114 6,719 1,057 468 9,119

11,514 4,531 88 5,935 727 -526 8,704

14,771 5,094 100 6,383 .. -754 7,885

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 4.8 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

6.5 3.5 0.7 5.3 58.2 2,369.9 20.8

7.1 3.4 1.1 9.9 57.1 2,102.1 16.3

35.7 14.0 1.0 14.2 77.4 538.2 17.6

33.5 11.6 1.5 20.9 71.5 461.5 14.8

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)

88


BOTSWANA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,352 1,352 1,351 1,222 6 4 129 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

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

17 17 17 16 6 0 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

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

56 56 55 41 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

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

16 16 16 12 1 0 3 0 0 0 0 0

17 4

-51 -29

-63 -17

-65 -51

31 11

21 15

1,184 1,156

91 89

0 0 0

0 0 0

0 0 0

0 28 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

2011

2012

2013

2014

2015

2016

2017

2018

53 12

34 13

33 13

35 13

143 13

147 13

152 12

155 11

1 0

1 0

0 0

0 0

0 0

0 0

0 0

0 0

89


BRAZIL (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

262,151 225,500 79,658 145,842 0 36,652 8

276,910 237,121 87,295 149,826 0 39,789 3

346,978 281,482 96,542 184,940 0 65,496 4

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

3,936 97,392 31,698 7,606

1,821 95,681 113,127 30,607

18 92,677 70,855 12,659

3 83,044 90,089 9,248

6 78,374 119,983 11,070

5 78,408 147,092 12,812

9 84,686 152,435 25,693

4 93,444 188,038 15,703

External debt flows Disbursements Long-term external debt IMF purchases

20,207 20,207 0

44,051 44,051 0

27,402 27,402 0

52,622 52,622 0

59,904 59,904 0

69,505 69,505 0

57,670 57,670 0

84,723 84,723 0

Principal repayments Long-term external debt IMF repurchases

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

30,425 30,425 0

31,972 31,972 0

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

8,797 9,205 -359

-1,851 3,011 1,831

-23,433 1,651 -1,274

1,564 5,234 -3,670

38,405 19,482 18,923

26,618 29,220 -2,602

30,386 27,244 3,142

78,458 52,752 25,706

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

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

14,165 13,675 0 489

13,835 13,150 0 684

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

48,438 37,684

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

.. 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

7.2 5.0 0.1 0.0 84.2

6.1 5.0 0.1 0.0 86.0

5.9 19.9 4.9

5.7 8.6 1.3

4.7 18.5 4.3

6.0 17.1 4.4

4.6 16.7 3.9

3.6 23.6 3.8

2.4 15.2 5.0

0.8 25.3 4.6

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

5.4 14.1 13.6

5.6 11.2 9.0

5.0 10.4 10.1

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

856,883 137,550 3,540 127,123 11,035 13,985 53,799

1,061,994 163,708 4,253 154,393 13,884 13,621 85,843

1,337,851 196,096 4,382 198,574 19,692 1,551 180,334

1,613,509 240,904 5,089 273,320 28,773 -28,192 193,783

1,562,412 189,549 4,234 217,189 21,029 -24,302 238,539

2,049,172 241,089 4,000 291,242 26,584 -47,365 288,575

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 21.9 45.7 12.8 10.3 28.7 5.1

118.2 18.2 38.0 10.5 11.3 44.4 6.7

121.2 17.8 28.0 16.5 9.6 75.9 10.9

108.8 16.2 23.4 14.0 9.3 73.9 8.5

146.1 17.7 23.5 14.4 8.9 86.1 13.2

143.9 16.9 19.0 18.9 8.6 83.2 11.9

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)

90


BRAZIL (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

225,500 79,658 29,026 24,358 10,671 0 4,668 50,632 42,035 8,389 145,842 37,855

237,121 87,295 32,385 24,754 10,065 0 7,632 54,910 47,107 7,621 149,826 53,342

281,482 96,542 41,251 29,747 13,523 0 11,504 55,290 41,323 13,738 184,940 83,032

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

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

59,904 6,273 2,063 1,986 606 0 78 4,210 2,977 1,182 53,630 13,930

69,505 16,642 4,319 2,965 1,726 0 1,354 12,323 10,254 2,061 52,863 6,754

57,670 13,727 6,845 3,270 1,274 0 3,575 6,882 6,100 724 43,943 17,015

84,723 19,301 11,306 6,999 4,472 0 4,307 7,995 0 7,869 65,422 32,384

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

11,002 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

30,425 7,740 3,413 2,835 1,872 0 577 4,327 2,673 1,572 22,685 1,585

31,972 9,573 2,621 1,929 960 0 692 6,952 5,642 1,236 22,398 2,656

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

8,719 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

13,675 5,778 1,205 919 359 0 286 4,573 4,025 531 7,898 2,936

13,150 5,166 961 634 180 0 327 4,205 3,777 418 7,985 4,207

8,075 8,797

-2,558 -1,851

-32,260 -23,433

5,933 1,564

44,147 38,405

24,546 26,618

14,758 30,386

70,068 78,458

234 0 0

0 137 6,342

4,271 0 0

0 0 0

28 0 0

265 56 0

4 0 0

78 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

2011

2012

2013

2014

2015

2016

2017

2018

3,360 905

3,530 845

3,123 781

2,915 739

5,031 663

4,851 553

4,680 442

4,260 335

23,068 15,049

21,489 13,884

21,052 13,036

14,985 11,801

26,030 10,478

14,585 8,982

18,100 7,919

11,126 7,478

Notes: Short-term debt for 2010 is based on reports provided by the country.

91


BULGARIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

48,603 30,268 4,397 25,871 0 18,334 0

53,499 34,921 4,772 30,148 0 18,578 0

48,077 32,704 4,466 28,238 0 15,373 0

227 8,808 342 678

1 7,671 769 700

0 5,075 5,522 266

0 5,066 7,543 104

0 5,242 13,689 455

0 4,397 25,871 732

0 4,772 30,148 280

0 4,466 28,238 274

External debt flows Disbursements Long-term external debt IMF purchases

259 259 0

995 719 276

3,710 3,710 0

3,616 3,616 0

7,740 7,740 0

15,545 15,545 0

8,191 8,191 0

1,499 1,499 0

Principal repayments Long-term external debt IMF repurchases

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

3,381 3,381 0

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

-194 -61 113

465 145 183

1,564 801 1,206

5,222 1,970 3,598

10,704 5,054 5,996

16,078 11,780 4,298

4,740 4,496 244

-5,087 -1,881 -3,205

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

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

634 568 0 66

90 0

1,002 5

4,312 449

7,758 148

13,215 89

9,979 -106

3,389 8

2,168 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 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 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

56.1 14.4 0.0 0.0 29.2

5.9 17.3 5.4

6.2 16.7 4.4

3.0 16.2 4.7

3.7 16.1 2.6

4.9 16.6 4.5

2.3 20.7 5.1

2.0 17.6 5.3

2.3 20.1 5.9

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

0.0 0.0 0.0

12,637 6,926 .. 7,084 0 -26 1,635

12,580 7,321 58 8,314 107 -703 3,507

28,979 17,674 1,613 22,034 912 -3,347 8,697

32,358 21,972 1,716 28,680 1,857 -5,863 11,756

38,878 27,487 1,694 39,909 3,742 -11,437 17,545

49,256 31,925 1,919 45,094 2,722 -11,846 17,930

46,900 24,392 1,592 29,975 1,822 -4,258 18,522

45,871 28,358 1,387 30,972 1,964 -578 17,223

149.9 82.1 16.5 4.9 11.9 15.8 2.8

153.2 89.1 17.7 12.9 13.8 31.3 5.1

88.8 54.2 22.4 28.3 15.7 55.4 4.7

95.5 64.9 12.4 38.3 11.4 56.0 4.9

119.9 84.8 15.3 42.6 8.1 53.2 5.3

152.2 98.7 16.8 37.7 4.5 36.9 4.8

219.3 114.1 21.4 34.7 4.7 34.6 7.4

169.5 104.8 14.2 32.0 4.8 35.8 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)

92


BULGARIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

30,268 4,397 3,019 2,198 1,207 0 821 1,378 1,342 34 25,871 522

34,921 4,772 3,322 2,507 1,509 0 815 1,450 1,430 19 30,148 146

32,704 4,466 3,152 2,330 1,338 0 823 1,314 1,301 12 28,238 134

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

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

15,545 370 362 227 56 0 136 8 0 8 15,175 0

8,191 520 520 446 370 0 74 0 0 0 7,671 0

1,499 200 200 176 20 0 23 0 0 0 1,299 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

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

3,381 268 261 185 90 0 76 7 0 7 3,113 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

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

568 160 71 49 17 0 22 89 89 0 408 11

550 -194

192 465

33 1,564

5,290 5,222

11,977 10,704

15,636 16,078

4,896 4,740

-5,422 -5,087

84 0 0

0 12 0

0 72 0

0 14 0

0 20 0

0 83 127

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

2011

2012

2013

2014

2015

2016

2017

2018

328 83

338 73

272 65

285 59

296 52

303 46

310 39

285 33

7,582 1,325

5,328 1,006

5,327 724

2,838 516

3,033 351

1,718 219

1,442 135

1,154 68

Notes: Data on long-term private nonguaranteed debt from 2008 are World Bank staff estimates based on reports provided by the country. The data may include longterm public and publicly guaranteed debt owed by the state-owned railway. Short-term debt data are based on the Central Bank data.

93


BURKINA FASO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,271 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

1,670 1,505 1,505 0 54 110 0

1,822 1,711 1,711 0 110 0 0

2,053 1,925 1,925 0 129 0 0

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

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 1,505 0 405

34 1,711 0 48

35 1,925 0 57

External debt flows Disbursements Long-term external debt IMF purchases

139 112 27

99 91 7

218 203 15

300 281 19

226 225 1

312 294 18

266 212 54

296 274 21

Principal repayments Long-term external debt IMF repurchases

28 28 0

33 26 7

28 24 4

27 27 0

25 25 0

27 27 0

27 27 0

33 32 1

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

124 83 14

47 65 -19

188 179 -2

341 255 67

267 200 66

240 266 -45

129 185 -110

263 242 0

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

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

18 18 0 0

10 ..

23 -3

32 -4

74 1

370 -1

152 -2

105 ..

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

.. 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

13.0 0.0 0.0 0.0 36.2

12.6 0.0 0.0 0.0 35.4

12.2 0.0 0.0 0.0 33.6

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 35.5 9.1

0.8 49.9 10.4

0.8 41.3 9.4

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

0.0 0.0 0.0

2,369 .. 78 .. .. .. 347

2,606 251 67 691 3 -319 243

5,411 589 57 1,458 7 -634 438

5,756 732 68 1,515 7 -543 555

6,752 811 84 1,775 11 -560 1,029

7,932 1,069 99 2,442 38 -963 928

8,019 1,140 99 2,035 35 -380 1,296

8,810 .. 95 .. .. .. 1,068

.. 53.6 .. 4.4 77.2 27.3 ..

567.6 54.6 18.6 5.9 72.0 17.1 4.2

338.6 36.9 7.7 1.1 85.2 22.0 3.6

153.5 19.5 6.0 7.9 69.8 49.4 4.4

178.6 21.5 5.1 10.7 67.5 71.0 7.0

156.2 21.1 4.2 6.6 71.5 55.5 4.6

159.7 22.7 3.7 .. 76.5 71.1 7.6

.. 23.3 .. .. 77.9 52.0 ..

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)

94


BURKINA FASO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,505 1,505 1,484 1,193 0 626 291 22 0 0 0 0

1,711 1,711 1,690 1,394 0 721 296 22 0 0 0 0

1,925 1,925 1,907 1,600 0 776 307 18 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

112 112 112 106 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

281 281 270 232 0 125 38 12 0 0 0 0

225 225 211 161 0 80 50 14 0 0 0 0

294 294 294 239 0 160 55 0 0 0 0 0

212 212 212 195 0 90 17 0 0 0 0 0

274 274 274 247 0 67 28 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 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 25 15 0 0 9 3 0 0 0 0

27 27 27 16 0 0 10 0 0 0 0 0

32 32 29 18 0 0 11 2 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

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 11 0 5 3 0 0 0 0 0

18 18 18 13 0 5 5 0 0 0 0 0

139 124

-161 47

5 188

-871 341

327 267

220 240

152 129

232 263

0 15 0

17 81 92

1 45 0

4 1,290 0

0 3 0

1 7 0

0 3 0

1 6 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

2011

2012

2013

2014

2015

2016

2017

2018

55 23

55 23

65 23

73 23

77 22

83 22

93 21

97 20

3 1

3 1

3 0

3 0

3 0

3 0

0 0

0 0

Notes: Burkina Faso was granted debt relief effective in 2006 under MDRI.

95


BURUNDI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

1438.2 1303.2 1303.2 0.0 116.9 18.1 4.1

512.7 414.7 414.7 0.0 90.9 7.1 0.1

537.1 411.7 411.7 0.0 109.6 15.8 0.8

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

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

60.2 1343.7 0.0 2.4

64.6 1303.2 0.0 37.0

19.8 414.7 0.0 8.0

18.8 411.7 0.0 5.1

External debt flows Disbursements Long-term external debt IMF purchases

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

55.8 35.6 20.1

Principal repayments Long-term external debt IMF repurchases

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

15.3 8.4 6.9

1.8 1.8 0.0

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

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

21.6 15.2 -7.0

62.0 33.9 8.0

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

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

1.6 1.4 0.0 0.1

2.0 0.0

11.7 0.0

0.6 0.0

0.0 0.0

0.5 0.0

3.8 0.0

0.3 0.0

0.8 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

.. 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

9.9 1.0 0.0 0.0 60.5

17.1 3.0 0.0 0.0 34.1

9.3 3.0 0.0 0.0 37.2

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

1.0 19.6 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 0.0

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 -133.5 131.1

973.9 98.3 0.2 447.5 4.8 -108.0 177.1

1164.6 163.9 3.6 609.4 5.3 -259.4 266.5

1331.3 117.3 28.2 538.0 8.1 -163.6 323.1

1589.0 .. 28.2 .. 10.1 -300.9 332.1

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

877.7 123.5 11.9 1.3 80.6 18.5 5.2

437.0 38.5 16.6 1.4 61.9 63.0 7.2

.. 33.8 .. 2.9 64.0 61.8 ..

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)

96


BURUNDI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1303.2 1303.2 1303.2 1159.5 0.0 818.5 143.7 0.0 0.0 0.0 0.0 0.0

414.7 414.7 414.7 317.2 0.0 147.2 97.4 0.0 0.0 0.0 0.0 0.0

411.7 411.7 411.7 343.8 0.0 162.7 67.9 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

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

35.6 35.6 35.6 35.6 0.0 17.8 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

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

8.4 8.4 8.4 8.4 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 1.8 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

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

1.4 1.4 1.4 1.3 0.0 0.8 0.1 0.0 0.0 0.0 0.0 0.0

34.6 26.3

-26.9 18.4

-68.5 34.2

90.0 47.5

43.9 31.0

-17.5 48.3

-925.5 21.6

24.4 62.0

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 53.2 0.0

71.4 821.0 0.0

3.4 1.8 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

2011

2012

2013

2014

2015

2016

2017

2018

13.0 3.3

13.1 3.4

14.7 3.4

14.2 3.3

16.2 3.2

16.3 3.1

15.7 3.0

17.0 2.8

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

Notes: Data for 2010 include the effects of MDRI and HIPC debt reliefs in the amount of $325 thousand.

97


CAMBODIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,284 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

4,676 4,414 4,414 0 0 262 215

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

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 0 727

1,646 4,414 0 488

External debt flows Disbursements Long-term external debt IMF purchases

123 80 42

90 79 11

168 168 0

153 153 0

154 154 0

383 383 0

211 211 0

347 347 0

Principal repayments Long-term external debt IMF repurchases

5 5 0

14 7 7

16 8 9

15 15 0

13 13 0

19 19 0

26 26 0

33 33 0

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

100 75 -18

128 72 52

154 160 2

138 138 0

165 141 24

430 364 66

116 185 -69

303 313 -10

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

3 1 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 1

29 28 0 1

151 0

149 0

381 0

483 0

867 0

815 0

530 0

783 ..

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

.. 0.4 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

0.8 2.8 0.0 0.0 41.2

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

1.5 25.0 8.4

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

0.0 0.0 0.0

0.0 0.0 0.0

3,380 979 12 1,442 4 -186 192

3,534 1,893 121 2,453 123 -136 611

6,006 4,096 200 4,923 227 -307 1,158

6,969 5,079 297 5,971 270 -262 1,411

8,263 5,748 353 6,830 353 -488 2,140

9,831 6,462 325 8,127 403 -1,051 2,639

9,962 5,982 338 7,422 349 -866 3,286

10,779 .. 369 .. .. .. 3,817

233.3 67.6 0.7 4.5 5.2 8.4 1.6

138.8 74.4 1.7 8.6 14.5 23.3 3.0

85.8 58.5 0.8 7.9 30.1 32.9 2.8

69.4 50.6 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 42.9 0.7 7.7 33.7 62.6 3.9

72.9 43.8 0.8 6.1 34.4 75.3 5.3

.. 43.4 .. 5.6 32.7 81.6 ..

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)

98


CAMBODIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,414 4,414 4,414 1,529 0 565 2,885 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

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

347 347 347 80 0 17 267 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

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

33 33 33 29 0 8 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

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

28 28 28 14 0 4 14 0 0 0 0 0

375 100

111 128

76 154

11 138

234 165

454 430

149 116

312 303

224 13 0

0 0 0

0 0 0

0 106 0

1 0 0

0 0 0

0 0 0

0 4 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

2011

2012

2013

2014

2015

2016

2017

2018

63 40

74 41

86 42

113 42

123 41

131 40

149 39

176 37

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.

99


CAMEROON (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,946 2,748 2,132 615 175 23 23

2,964 2,762 2,185 577 172 31 31

474 9,543 365 197

322 8,500 364 100

51 6,075 592 47

91 2,243 489 41

1 2,113 636 453

19 2,055 636 149

68 2,132 615 628

134 2,185 577 492

External debt flows Disbursements Long-term external debt IMF purchases

174 161 13

354 286 69

231 227 4

162 158 4

270 262 8

287 279 8

491 344 147

278 278 0

Principal repayments Long-term external debt IMF repurchases

217 211 6

270 253 17

576 537 39

376 355 21

369 369 0

358 358 0

336 336 0

155 155 0

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

117 -50 160

-21 33 -105

-683 -310 -339

-200 -197 14

32 -107 131

-270 -79 -199

155 8 0

122 122 0

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

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

53 53 0 0

7 0

159 0

234 -4

16 -6

191 -14

-24 -1

668 0

-1 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

.. 0.3 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

63.5 0.0 0.0 0.3 14.2

54.8 0.3 0.0 0.3 18.7

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 37.1 8.6

0.7 36.7 9.3

1.3 29.0 7.7

0.9 31.8 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

5.2 11.9 2.4

0.0 0.0 0.0

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

20,608 6,393 167 6,552 385 286 2,932

23,407 7,439 167 8,487 165 -450 3,113

22,059 5,550 192 6,947 436 -1,119 3,676

22,030 5,738 195 6,740 166 -856 3,643

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 14.6 8.0 7.9 18.7 97.6 5.4

37.0 11.8 6.4 1.5 22.4 113.0 4.4

53.1 13.4 7.1 0.8 23.2 124.8 6.3

51.7 13.5 3.6 1.0 26.6 122.9 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)

100


CAMEROON (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

9,908 9,620 8,737 1,684 639 443 7,052 883 0 298 288 0

8,864 8,547 8,230 1,419 218 769 6,811 317 0 172 317 0

6,667 6,075 5,992 1,585 84 1,032 4,407 83 0 40 592 0

2,733 2,243 2,180 510 46 170 1,669 64 0 45 489 0

2,749 2,113 2,112 562 40 198 1,550 2 0 2 636 0

2,690 2,055 2,053 618 35 225 1,435 2 0 2 636 0

2,748 2,132 2,122 682 30 273 1,440 10 0 10 615 0

2,762 2,185 2,169 788 24 350 1,381 15 0 15 577 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

161 161 161 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

344 135 127 93 0 48 33 8 0 8 209 0

278 278 271 141 0 82 131 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

211 183 146 130 91 4 16 36 0 25 28 0

253 166 162 97 53 7 66 4 0 4 86 0

537 396 396 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

358 166 166 41 5 1 125 0 0 0 192 0

336 107 107 39 5 2 68 0 0 0 229 0

155 117 117 21 5 2 96 0 0 0 38 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

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

53 38 37 8 1 2 29 0 0 0 15 0

1,687 117

-239 -21

-3,025 -683

-4,030 -200

-239 32

-248 -270

190 155

19 122

1,070 0 0

206 7 0

68 166 0

20 4,292 0

4 144 0

0 16 0

0 3 0

0 9 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

2011

2012

2013

2014

2015

2016

2017

2018

157 51

132 51

132 50

139 49

154 46

142 43

137 41

138 39

54 8

55 8

55 7

55 6

55 5

55 4

55 3

55 3

Notes: Cameroon was granted debt relief effective in 2006 under MDRI.

101


CAPE VERDE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

214.1 184.9 184.9 0.0 0.0 29.2 4.6

318.9 315.0 315.0 0.0 0.0 3.9 3.9

476.6 463.3 463.3 0.0 12.3 0.9 0.9

523.2 509.5 509.5 0.0 13.0 0.7 0.7

579.6 564.9 564.9 0.0 13.5 1.3 1.3

625.2 611.4 611.4 0.0 12.4 1.4 1.4

706.8 694.3 694.3 0.0 11.0 1.5 1.5

857.3 847.3 847.3 0.0 8.6 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

19.6 184.9 0.0 11.5

32.2 315.0 0.0 33.9

3.2 463.3 0.0 88.8

2.4 509.5 0.0 27.4

2.4 564.9 0.0 209.9

2.4 611.4 0.0 361.0

2.4 694.3 0.0 267.4

2.4 847.3 0.0 386.7

External debt flows Disbursements Long-term external debt IMF purchases

21.7 21.7 0.0

29.0 29.0 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

192.1 192.1 0.0

Principal repayments Long-term external debt IMF repurchases

5.6 5.6 0.0

11.3 11.3 0.0

28.8 28.8 0.0

25.2 25.2 0.0

23.0 22.8 0.2

24.7 23.9 0.8

26.9 25.4 1.5

27.9 25.6 2.3

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

34.7 16.1 18.7

2.0 17.7 -15.7

49.1 45.4 0.0

23.7 23.7 0.0

28.1 28.3 0.0

50.1 50.9 0.0

70.4 71.9 0.0

164.3 166.5 0.0

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

4.1 3.4 0.0 0.8

4.8 4.8 0.0 0.0

6.8 6.8 0.1 0.0

6.3 6.3 0.1 0.0

6.5 6.4 0.1 0.0

6.6 6.6 0.1 0.0

7.0 6.9 0.1 0.0

7.9 7.9 0.0 0.0

26.0 0.0

33.4 0.0

80.4 0.0

131.8 0.3

191.9 2.2

211.3 0.0

119.8 1.8

111.4 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 35.4

.. 0.0 0.0 0.0 56.2

13.4 0.0 0.0 0.0 54.3

15.0 0.0 0.0 0.0 53.4

16.1 0.0 0.0 0.0 49.7

18.1 0.0 0.0 0.0 48.5

19.0 0.2 0.0 0.0 43.4

25.7 1.0 0.0 0.0 38.3

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

1.9 27.2 6.8

1.6 25.8 7.0

0.9 27.4 8.8

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

1.7 32.1 12.7

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 -40.7 174.0

1062.9 497.0 136.6 868.8 24.1 -82.7 254.5

1299.8 599.4 138.9 1099.0 28.2 -198.3 364.5

1503.5 744.6 155.1 1265.2 38.2 -205.5 361.5

1543.6 603.0 138.1 1155.4 26.3 -239.3 397.9

1578.9 668.8 138.6 1112.6 .. .. 382.2

244.8 44.1 11.2 13.6 67.4 17.2 1.5

211.3 61.3 10.7 1.2 72.6 8.9 1.0

126.3 49.4 9.5 0.2 78.9 36.5 3.0

105.3 49.2 6.3 0.1 78.9 48.6 3.5

96.7 44.6 4.9 0.2 78.6 62.9 4.0

84.0 41.6 4.2 0.2 77.3 57.8 3.4

117.2 45.8 5.6 0.2 75.5 56.3 4.1

128.2 54.3 5.3 0.2 69.7 44.6 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)

102


CAPE VERDE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

184.9 184.9 178.5 144.3 0.0 33.0 34.2 6.4 0.0 0.0 0.0 0.0

315.0 315.0 307.5 231.6 0.0 97.9 75.9 7.5 0.0 0.0 0.0 0.0

463.3 463.3 441.7 376.0 0.0 205.1 65.6 21.6 0.0 1.8 0.0 0.0

509.5 509.5 492.2 413.0 0.0 235.9 79.3 17.3 0.0 1.5 0.0 0.0

564.9 564.9 550.0 455.7 0.0 267.4 94.3 14.8 0.0 1.0 0.0 0.0

611.4 611.4 601.5 483.6 0.0 283.8 117.9 9.9 0.0 0.3 0.0 0.0

694.3 694.3 687.8 533.4 0.0 286.4 154.4 6.5 0.0 0.2 0.0 0.0

847.3 847.3 794.8 597.3 0.0 303.1 197.4 52.5 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

21.7 21.7 17.5 15.2 0.0 6.0 2.2 4.2 0.0 0.0 0.0 0.0

29.0 29.0 29.0 23.7 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

192.1 192.1 142.5 85.2 0.0 25.4 57.2 49.7 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

5.6 5.6 5.6 4.8 0.0 0.1 0.8 0.0 0.0 0.0 0.0 0.0

11.3 11.3 9.5 6.3 0.0 0.3 3.2 1.8 0.0 0.0 0.0 0.0

28.8 28.8 23.4 12.5 0.0 1.4 11.0 5.4 0.0 1.4 0.0 0.0

25.2 25.2 18.7 8.8 0.0 1.5 9.9 6.5 0.0 0.6 0.0 0.0

22.8 22.8 18.6 9.6 0.0 1.8 9.0 4.2 0.0 0.6 0.0 0.0

23.9 23.9 19.6 10.6 0.0 2.6 9.0 4.3 0.0 0.7 0.0 0.0

25.4 25.4 21.7 13.3 0.0 3.3 8.5 3.6 0.0 0.1 0.0 0.0

25.6 25.6 22.1 14.7 0.0 3.7 7.4 3.5 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

3.4 3.4 3.4 3.3 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0

4.8 4.8 3.9 2.8 0.0 0.7 1.1 0.9 0.0 0.0 0.0 0.0

6.8 6.8 5.8 4.2 0.0 1.6 1.6 1.0 0.0 0.5 0.0 0.0

6.3 6.3 5.8 4.2 0.0 1.7 1.6 0.5 0.0 0.1 0.0 0.0

6.4 6.4 6.1 4.4 0.0 1.8 1.8 0.3 0.0 0.1 0.0 0.0

6.6 6.6 6.3 4.7 0.0 2.1 1.6 0.3 0.0 0.0 0.0 0.0

6.9 6.9 6.8 4.9 0.0 2.0 1.9 0.2 0.0 0.0 0.0 0.0

7.9 7.9 7.8 5.5 0.0 2.1 2.4 0.1 0.0 0.0 0.0 0.0

38.2 34.7

-8.8 2.0

13.4 49.1

46.7 23.7

56.4 28.1

45.6 50.1

81.6 70.4

150.5 164.3

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 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

2011

2012

2013

2014

2015

2016

2017

2018

25.3 12.0

23.7 13.6

40.0 14.2

43.3 14.4

46.6 14.0

46.4 13.5

47.6 12.9

50.7 12.2

2.0 2.7

0.5 5.4

0.0 6.4

0.0 6.8

0.0 6.9

0.0 6.9

0.0 6.9

0.0 6.9

103


CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

1019.6 877.2 877.2 0.0 35.9 106.6 97.6

1009.6 867.8 867.8 0.0 42.1 99.6 90.6

959.8 840.6 840.6 0.0 49.4 69.8 69.8

954.0 808.0 808.0 0.0 63.0 83.0 71.0

394.1 236.7 236.7 0.0 78.4 79.0 75.0

384.8 217.8 217.8 0.0 90.4 76.6 74.6

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

74.2 853.7 0.3 16.6

97.7 796.3 1.0 28.0

227.1 875.8 1.3 0.0

218.7 866.4 1.5 0.0

163.4 838.9 1.6 3.3

152.1 808.0 0.0 23.5

148.9 236.7 0.0 0.0

129.7 217.8 0.0 33.6

External debt flows Disbursements Long-term external debt IMF purchases

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

44.4 4.8 39.6

19.3 6.0 13.2

Principal repayments Long-term external debt IMF repurchases

10.0 2.6 7.4

8.3 7.5 0.8

5.6 0.7 4.9

53.0 47.0 6.0

69.1 42.4 26.7

19.1 11.3 7.7

27.7 8.4 19.4

1.0 1.0 0.0

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

25.1 30.0 2.4

-13.8 8.6 -21.6

-5.6 -0.7 0.0

-42.8 -47.0 0.0

-43.2 -39.2 -9.0

17.9 -9.4 12.0

8.7 -3.6 -8.0

16.2 5.0 -2.0

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

5.7 3.5 1.0 1.2

5.9 4.3 0.1 1.4

0.9 0.2 0.4 0.3

17.8 16.5 0.9 0.3

20.3 19.6 0.4 0.2

6.6 6.1 0.3 0.2

3.4 3.0 0.3 0.1

1.3 1.2 0.0 0.0

6.2 ..

0.8 ..

32.4 ..

34.6 ..

56.7 ..

117.1 ..

42.3 ..

72.0 ..

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

.. 0.7 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 57.6

3.8 0.3 0.1 2.2 62.5

3.4 0.4 0.1 2.3 64.0

4.0 0.0 0.0 5.0 61.2

3.9 0.0 0.0 5.9 68.3

0.8 39.7 10.2

0.8 39.8 10.3

0.0 0.0 0.0

0.0 0.0 0.0

1.0 32.6 3.1

1.8 20.4 5.9

0.0 0.0 0.0

0.5 26.6 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

1100.9 .. .. .. .. .. 237.9

946.8 .. .. .. .. .. 136.3

1348.0 .. .. .. .. .. 144.9

1472.9 .. .. .. .. .. 132.4

1685.7 .. .. .. .. .. 91.9

1960.7 .. .. .. .. .. 131.5

1974.4 .. .. .. .. .. 210.6

2008.8 .. .. .. .. .. 181.2

.. 85.9 .. 6.0 67.3 25.2 ..

.. 90.8 .. 4.8 67.8 15.9 ..

.. 75.6 .. 10.5 61.6 14.2 ..

.. 68.5 .. 9.9 60.6 13.1 ..

.. 56.9 .. 7.3 62.8 9.6 ..

.. 48.7 .. 8.7 59.9 13.8 ..

.. 20.0 .. 20.0 12.6 53.4 ..

.. 19.2 .. 19.9 7.6 47.1 ..

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)

104


CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

877.2 877.2 843.1 628.3 0.0 422.7 214.8 34.1 0.0 0.0 0.0 0.0

867.8 867.8 833.5 612.1 0.0 395.1 221.4 34.4 0.0 0.0 0.0 0.0

840.6 840.6 805.9 602.5 0.0 402.8 203.4 34.7 0.0 0.0 0.0 0.0

808.0 808.0 773.5 571.3 0.0 389.9 202.2 34.5 0.0 0.0 0.0 0.0

236.7 236.7 202.3 49.8 0.0 9.0 152.6 34.4 0.0 0.0 0.0 0.0

217.8 217.8 183.6 29.4 0.0 13.9 154.2 34.2 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

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

4.8 4.8 4.8 3.8 0.0 3.8 1.0 0.0 0.0 0.0 0.0 0.0

6.0 6.0 6.0 5.1 0.0 5.0 1.0 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

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

0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

47.0 47.0 47.0 47.0 0.0 46.7 0.0 0.0 0.0 0.0 0.0 0.0

42.4 42.4 42.4 42.4 0.0 9.6 0.0 0.0 0.0 0.0 0.0 0.0

11.3 11.3 11.3 9.5 0.0 3.1 1.8 0.0 0.0 0.0 0.0 0.0

8.4 8.4 8.4 6.0 0.0 1.7 2.4 0.0 0.0 0.0 0.0 0.0

1.0 1.0 1.0 0.0 0.0 0.0 1.0 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

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

0.2 0.2 0.2 0.2 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

3.0 3.0 3.0 2.4 0.0 1.6 0.7 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 0.1 0.0 0.1 1.1 0.0 0.0 0.0 0.0 0.0

57.9 25.1

-51.4 -13.8

-59.2 -5.6

-10.1 -42.8

-49.8 -43.2

-5.8 17.9

-559.9 8.7

-9.3 16.2

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

0.0 22.1 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

2011

2012

2013

2014

2015

2016

2017

2018

2.8 1.6

2.9 1.6

2.9 1.7

4.0 1.7

6.2 1.7

6.5 1.6

6.6 1.5

6.5 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

Notes: Data on long-term public debt for 2010 are World Bank staff estimates.

105


CHAD (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

842 776 776 0 49 17 9

1,088 986 986 0 78 25 10

1,584 1,494 1,494 0 79 11 6

1,706 1,627 1,627 0 68 12 8

1,797 1,712 1,712 0 56 29 6

1,750 1,705 1,705 0 41 4 4

1,746 1,714 1,714 0 29 4 4

1,733 1,708 1,708 0 17 8 7

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

36 776 0 116

52 986 0 178

26 1,494 0 139

24 1,627 0 7

22 1,712 0 141

30 1,705 0 15

30 1,714 0 15

39 1,708 0 21

External debt flows Disbursements Long-term external debt IMF purchases

73 61 13

59 46 14

116 110 6

102 102 0

50 50 0

97 97 0

38 38 0

57 57 0

Principal repayments Long-term external debt IMF repurchases

10 3 7

14 13 1

37 24 13

40 24 16

49 34 15

119 105 14

55 43 13

57 46 11

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

63 57 0

44 33 -2

75 85 -3

61 78 -1

21 17 19

-44 -7 -23

-17 -5 0

2 12 1

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

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

17 17 0 0

33 0

115 ..

-99 ..

-279 ..

-69 ..

234 ..

462 ..

781 ..

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 54.9

.. 0.0 0.0 0.0 58.7

3.3 0.0 0.0 0.0 66.1

3.8 0.0 0.0 0.0 65.1

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

3.2 0.0 0.0 0.0 58.3

1.0 38.0 8.7

0.7 40.5 10.1

1.6 23.7 6.5

0.0 28.6 9.1

1.3 19.9 6.9

0.6 22.7 6.0

5.7 13.9 4.3

5.1 10.5 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

1,441 .. .. .. .. .. 147

1,368 .. .. .. .. .. 114

4,277 .. .. .. .. .. 231

4,888 .. .. .. .. .. 632

5,817 .. .. .. .. .. 964

6,687 .. .. .. .. .. 1,355

6,124 .. .. .. .. .. 617

6,734 .. .. .. .. .. 632

.. 58.4 .. 2.0 76.6 17.4 ..

.. 79.6 .. 2.3 76.7 10.5 ..

.. 37.0 .. 0.7 84.6 14.6 ..

.. 34.9 .. 0.7 85.0 37.0 ..

.. 30.9 .. 1.6 85.0 53.7 ..

.. 26.2 .. 0.2 84.0 77.4 ..

.. 28.5 .. 0.2 84.9 35.3 ..

.. 25.7 .. 0.5 85.5 36.5 ..

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)

106


CHAD (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

776 776 774 645 0 379 129 2 0 0 0 0

986 986 971 834 0 515 137 15 0 0 0 0

1,494 1,494 1,462 1,340 35 864 122 32 0 0 0 0

1,627 1,627 1,594 1,450 30 925 144 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

1,714 1,714 1,682 1,482 0 896 200 32 0 0 0 0

1,708 1,708 1,679 1,483 0 865 196 30 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

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

38 38 38 34 0 3 4 0 0 0 0 0

57 57 57 56 0 3 2 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 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 5 0 0 0 0 0

43 43 42 36 0 17 5 1 0 0 0 0

46 46 44 38 0 19 6 2 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 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 3 0 0 0 0 0

23 23 23 19 0 7 4 0 0 0 0 0

17 17 17 12 0 6 5 0 0 0 0 0

58 63

-8 44

-56 75

122 61

90 21

-47 -44

-4 -17

-13 2

45 62 0

0 0 0

12 18 0

0 22 0

0 5 0

0 4 0

0 5 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

2011

2012

2013

2014

2015

2016

2017

2018

65 19

71 19

73 19

82 18

88 17

85 15

86 14

82 13

2 0

2 0

2 0

2 0

2 0

1 0

0 0

0 0

107


CHILE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

22,038 18,607 7,179 11,429 0 3,431 0

37,239 31,067 5,205 25,861 0 6,172 0

45,434 38,345 9,161 29,184 0 7,089 0

50,195 38,725 9,380 29,344 0 11,470 0

56,191 42,626 9,317 33,308 0 13,565 0

65,419 47,570 8,777 38,793 0 17,849 0

73,145 51,507 9,262 42,245 0 21,638 0

86,349 60,470 12,929 47,541 0 25,879 0

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

0 7,179 11,429 314

0 5,125 25,941 264

0 9,158 29,188 995

0 9,368 29,357 1,423

0 9,306 33,319 894

0 8,769 38,801 1,063

0 9,256 42,251 1,979

0 12,925 47,545 3,862

External debt flows Disbursements Long-term external debt IMF purchases

3,821 3,821 0

4,943 4,943 0

9,156 9,156 0

12,620 12,620 0

13,795 13,795 0

18,995 18,995 0

19,343 19,343 0

19,677 19,677 0

Principal repayments Long-term external debt IMF repurchases

3,671 3,369 303

3,938 3,938 0

6,073 6,073 0

12,551 12,551 0

9,749 9,749 0

14,278 14,278 0

15,574 15,574 0

11,005 11,005 0

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

-284 452 -434

2,860 1,005 1,855

2,720 3,083 -363

4,450 69 4,381

6,140 4,045 2,095

9,001 4,717 4,284

7,558 3,769 3,789

12,914 8,672 4,241

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

1,293 1,114 13 165

2,235 2,081 0 154

1,510 1,289 0 221

1,992 1,655 0 338

2,149 1,597 0 553

1,937 1,547 0 389

1,843 1,389 0 454

2,388 1,733 0 655

2,957 -249

4,860 -427

6,984 1,571

7,298 -124

12,534 388

15,150 1,948

12,874 328

15,095 1,748

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

.. 9.5 2.9 0.9 42.0

.. 5.0 0.2 0.1 84.1

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

0.7 0.0 0.0 0.0 98.9

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

2.9 9.8 5.7

2.9 12.1 5.6

1.7 19.6 4.3

6.8 10.9 3.0

6.9 5.5 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

3.6 8.9 8.9

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

145,641 83,259 3 78,930 22,832 7,458 16,843

157,560 83,010 3 89,247 17,430 -3,307 23,079

149,316 67,984 4 66,977 14,801 2,570 25,292

188,032 87,820 3 88,409 18,956 3,802 27,827

109.0 32.1 24.5 15.6 13.0 67.4 8.1

149.6 51.5 24.8 16.6 3.8 40.4 6.9

89.3 42.2 14.9 15.6 1.8 37.3 4.0

71.8 39.1 20.8 22.9 1.8 38.6 3.5

67.5 38.6 14.3 24.1 1.6 30.0 2.6

78.8 41.5 19.5 27.3 1.2 35.3 3.1

107.6 49.0 25.6 29.6 1.2 34.6 4.5

98.3 45.9 15.2 30.0 0.9 32.2 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)

108


CHILE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

18,607 7,179 3,583 2,871 1,372 11 712 3,596 0 3,509 11,429 866

31,067 5,205 1,887 1,406 808 7 481 3,318 0 3,250 25,861 6,339

38,345 9,161 1,089 827 289 4 262 8,072 5,406 2,666 29,184 4,761

38,725 9,380 1,151 897 346 3 254 8,229 5,938 2,291 29,344 4,779

42,626 9,317 1,136 907 354 2 229 8,182 5,401 2,781 33,308 3,631

47,570 8,777 1,004 793 200 2 211 7,773 4,513 3,260 38,793 4,296

51,507 9,262 1,041 848 215 1 193 8,221 5,413 2,808 42,245 5,126

60,470 12,929 1,025 801 189 0 224 11,904 8,413 3,241 47,541 7,061

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

3,821 342 194 146 83 0 48 148 0 141 3,479 500

4,943 346 147 113 48 0 34 199 0 199 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

13,795 689 64 47 14 0 16 626 0 626 13,105 843

18,995 1,030 132 126 53 0 6 899 0 899 17,965 1,680

19,343 2,385 109 109 29 0 0 2,276 900 1,376 16,958 2,184

19,677 4,010 111 51 32 0 60 3,900 3,000 650 15,667 2,695

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

3,369 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

6,073 1,362 371 345 206 1 26 990 422 544 4,711 195

12,551 973 61 23 5 1 38 912 118 794 11,578 765

9,749 740 58 40 6 1 18 682 537 145 9,010 1,105

14,278 1,590 261 243 207 1 17 1,329 888 441 12,689 1,002

15,574 1,903 75 54 14 1 21 1,828 0 1,828 13,671 1,327

11,005 336 119 96 58 1 23 217 0 217 10,669 828

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

1,114 653 387 348 137 0 39 266 0 258 461 26

2,081 377 138 112 70 0 26 239 0 234 1,704 440

1,289 460 49 43 16 0 6 411 299 112 829 347

1,655 495 49 43 17 0 6 446 313 133 1,160 359

1,597 529 55 50 20 0 5 474 336 138 1,068 345

1,547 529 46 42 13 0 5 482 249 234 1,018 326

1,389 422 40 31 6 0 9 383 281 101 966 404

1,733 418 27 23 2 0 4 392 337 55 1,314 440

-117 -284

2,444 2,860

1,675 2,720

4,760 4,450

5,996 6,140

9,228 9,001

7,727 7,558

13,204 12,914

0 145 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

2011

2012

2013

2014

2015

2016

2017

2018

130 25

83 24

106 24

160 23

166 22

165 20

158 18

107 15

11,276 1,879

10,528 1,775

6,121 1,324

4,300 1,264

4,688 1,123

1,616 973

1,365 1,098

770 742

Notes: Short-term debt is based on reports provided by the country.

109


CHINA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

118,090 95,764 94,674 1,090 0 22,325 0

145,339 132,259 94,470 37,789 0 13,080 0

282,955 134,688 84,196 50,492 0 148,267 0

322,761 149,384 85,718 63,666 0 173,377 0

373,083 169,385 87,101 82,284 0 203,698 0

379,800 192,612 90,838 101,774 0 187,188 0

432,197 191,688 94,038 97,650 0 240,509 0

548,551 201,027 90,180 110,847 0 347,524 0

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

0 93,573 2,192 22,812

0 94,470 37,789 10,702

0 83,937 50,751 10,233

0 85,474 63,910 6,275

0 86,929 82,456 6,927

0 90,680 101,932 6,010

0 93,896 97,793 7,238

0 90,051 110,976 11,758

External debt flows Disbursements Long-term external debt IMF purchases

21,985 21,985 0

19,006 19,006 0

29,228 29,228 0

26,524 26,524 0

36,907 36,907 0

38,188 38,188 0

23,648 23,648 0

42,423 42,423 0

Principal repayments Long-term external debt IMF repurchases

9,070 9,070 0

19,362 19,362 0

20,936 20,936 0

18,120 18,120 0

20,405 20,405 0

23,959 23,959 0

33,448 33,448 0

28,539 28,539 0

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

17,758 12,915 4,842

-2,457 -357 -2,100

40,789 8,292 32,497

33,514 8,404 25,110

46,823 16,502 30,321

-2,280 14,230 -16,510

43,521 -9,800 53,321

120,899 13,884 107,015

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

5,996 4,657 0 1,340

7,231 6,064 0 1,168

6,519 3,218 0 3,302

9,361 3,820 0 5,541

11,406 5,464 0 5,942

9,298 4,812 0 4,486

6,330 3,122 0 3,208

34,071 6,269 0 27,802

35,849 0

38,399 6,912

117,208 20,346

124,082 42,861

160,052 18,510

175,148 8,721

114,215 28,161

185,081 31,357

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

.. 20.7 0.2 0.0 58.1

.. 17.0 0.1 0.1 71.3

8.3 13.6 0.1 0.1 74.1

8.9 12.4 0.1 0.1 75.3

8.4 8.5 0.1 0.0 80.2

6.8 9.0 0.0 0.0 81.7

6.4 7.8 0.0 0.0 83.7

6.9 7.3 0.0 0.0 84.0

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

3.5 23.0 5.8

1.7 25.9 5.8

1.9 24.1 6.2

6.3 7.3 2.4

5.9 17.0 3.0

4.6 10.4 5.4

5.0 14.4 0.9

4.1 9.6 2.1

4.6 13.6 1.1

5.0 14.4 0.9

10.5 30.1 5.1

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

2,267,538 875,847 24,102 767,150 47,776 134,082 831,410

2,728,108 1,116,323 27,954 912,776 49,758 232,746 1,080,756

3,519,744 1,425,236 38,791 1,109,907 61,547 353,996 1,546,365

4,553,265 1,683,328 48,524 1,316,763 72,609 412,364 1,966,037

5,034,545 1,441,928 48,729 1,214,556 90,805 261,120 2,452,899

5,906,327 1,897,242 51,300 1,634,801 103,476 305,374 2,913,712

77.5 16.5 9.9 18.9 13.8 68.0 6.3

49.8 12.3 9.1 9.0 17.8 118.2 7.4

32.3 12.5 3.1 52.4 9.3 293.8 13.0

28.9 11.8 2.5 53.7 8.6 334.8 14.2

26.2 10.6 2.2 54.6 7.8 414.5 16.7

22.6 8.3 2.0 49.3 8.1 517.7 17.9

30.0 8.6 2.8 55.6 7.7 567.5 24.2

28.9 9.3 3.3 63.4 6.4 531.2 21.4

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)

110


CHINA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

95,764 94,674 36,982 16,302 7,209 7,038 20,680 57,693 10,684 23,869 1,090 1,090

132,259 94,470 50,374 25,811 11,118 8,771 24,563 44,096 11,371 10,619 37,789 1,068

134,688 84,196 52,421 26,413 11,140 9,741 26,008 31,775 16,039 3,247 50,492 3,574

149,384 85,718 54,334 27,738 11,415 9,997 26,596 31,384 16,342 3,763 63,666 5,279

169,385 87,101 58,323 29,258 11,762 10,151 29,066 28,778 16,526 3,030 82,284 6,018

192,612 90,838 63,349 30,655 12,464 9,786 32,693 27,489 15,728 2,868 101,774 5,970

191,688 94,038 68,358 33,207 12,756 9,521 35,151 25,681 11,626 2,735 97,650 7,020

201,027 90,180 67,204 35,120 12,962 9,000 32,084 22,976 10,273 2,202 110,847 17,976

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

21,985 21,441 9,073 2,838 1,457 812 6,235 12,368 1,224 4,977 544 544

19,006 11,924 5,790 3,303 1,528 379 2,487 6,133 848 131 7,082 390

29,228 9,776 2,170 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

36,907 7,130 3,403 2,425 1,194 14 978 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

23,648 6,481 3,310 2,657 1,290 1 653 3,171 0 46 17,167 925

42,423 10,125 4,348 2,623 1,282 0 1,725 5,777 0 673 32,298 11,821

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

9,070 9,070 1,171 420 350 14 751 7,899 1,451 2,645 0 0

19,362 10,235 4,270 1,400 578 66 2,870 5,965 443 2,016 9,127 534

20,936 6,659 1,413 1,195 787 217 217 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

20,405 5,342 2,949 1,397 908 276 1,552 2,393 0 676 15,063 0

23,959 6,750 2,809 1,520 971 309 1,289 3,940 742 264 17,209 350

33,448 6,473 2,594 1,602 992 331 993 3,878 500 200 26,976 464

28,539 8,831 3,643 1,795 1,086 349 1,848 5,188 431 372 19,708 277

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

4,657 4,623 1,288 619 460 49 669 3,335 594 1,333 33 33

6,064 4,140 2,386 1,518 713 65 867 1,754 521 222 1,924 93

3,218 2,201 1,375 680 351 79 695 826 430 71 1,017 248

3,820 2,306 1,429 935 542 74 493 877 502 80 1,514 343

5,464 3,237 1,701 1,105 653 74 596 1,537 778 182 2,227 445

4,812 2,591 1,407 1,009 553 79 398 1,184 497 33 2,220 431

3,122 2,108 1,090 733 363 69 358 1,017 557 42 1,015 445

6,269 2,626 1,844 522 143 67 1,321 783 393 32 3,643 672

17,633 17,758

-2,900 -2,457

37,412 40,789

39,806 33,514

50,322 46,823

6,717 -2,280

52,397 43,521

116,354 120,899

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

2011

2012

2013

2014

2015

2016

2017

2018

6,537 2,002

6,588 1,792

6,117 1,590

6,095 1,404

5,961 1,221

5,747 1,048

5,640 879

5,392 714

34,044 5,557

28,478 4,225

18,370 3,339

14,249 2,689

16,642 1,955

6,428 1,079

7,053 691

4,445 394

Notes: Data on long-term public and publicly guaranteed, long-term private nonguaranteed and short-term debt for 2010 are World Bank staff estimates based on aggregate information provided by the authority.

111


COLOMBIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

25,044 19,499 13,946 5,553 0 5,545 2

33,937 31,066 20,806 10,259 0 2,871 0

37,744 31,568 22,579 8,989 0 6,176 0

38,048 33,285 24,744 8,541 0 4,763 0

43,697 38,536 27,424 11,112 0 5,161 0

46,428 40,795 28,983 11,812 0 5,633 0

52,120 48,107 35,358 12,749 0 4,013 0

63,064 54,855 36,777 18,078 0 8,209 0

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

177 13,945 5,555 1,792

8 20,805 10,261 3,782

0 22,578 8,990 4,879

0 24,743 8,542 4,916

0 27,423 11,113 4,647

0 28,506 12,289 5,106

0 34,831 13,276 7,971

0 36,274 18,581 2,917

External debt flows Disbursements Long-term external debt IMF purchases

4,179 4,179 0

3,803 3,803 0

6,521 6,521 0

8,943 8,943 0

8,860 8,860 0

7,094 7,094 0

13,146 13,146 0

12,840 12,840 0

Principal repayments Long-term external debt IMF repurchases

2,347 2,347 0

2,900 2,900 0

7,403 7,403 0

7,769 7,769 0

5,642 5,642 0

4,877 4,877 0

5,914 5,914 0

6,553 6,553 0

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

2,894 1,832 1,062

-191 903 -1,094

174 -883 1,056

-240 1,173 -1,413

3,616 3,218 398

2,690 2,218 472

5,611 7,232 -1,620

10,483 6,287 4,196

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

1,998 1,687 0 311

2,204 2,032 0 172

2,838 2,585 0 254

2,579 2,359 0 220

2,993 2,749 0 244

3,028 2,764 0 265

2,912 2,723 0 189

3,227 2,842 0 386

968 165

2,436 17

10,252 86

6,656 -30

9,049 790

10,596 -86

7,137 67

6,765 1,351

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

.. 5.6 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 88.1

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

1.0 2.3 0.0 0.0 94.9

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

3.4 23.1 7.1

1.6 23.9 7.0

1.7 22.1 5.8

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

7.5 12.0 11.2

90,928 12,971 815 18,286 359 -4,516 8,452

98,048 16,850 1,610 17,728 655 795 9,006

141,110 25,467 3,346 31,435 3,565 -1,886 14,955

156,873 30,077 3,928 37,808 4,591 -2,989 15,437

199,409 36,067 4,523 47,273 6,598 -5,977 20,951

234,312 44,416 4,884 56,851 8,706 -6,923 23,671

226,344 39,517 4,180 49,286 7,628 -5,157 24,987

276,093 46,593 4,058 60,100 9,983 -9,032 28,076

193.1 27.5 33.5 22.1 21.2 33.7 5.5

201.4 34.6 30.3 8.5 18.5 26.5 6.1

148.2 26.7 40.2 16.4 25.5 39.6 5.7

126.5 24.3 34.4 12.5 28.5 40.6 4.9

121.2 21.9 23.9 11.8 25.8 47.9 5.3

104.5 19.8 17.8 12.1 28.2 51.0 5.0

131.9 23.0 22.3 7.7 28.2 47.9 6.1

135.4 22.8 21.0 13.0 25.0 44.5 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)

112


COLOMBIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

31,568 22,579 10,568 9,615 3,896 4 954 12,011 10,927 824 8,989 370

33,285 24,744 11,657 10,841 4,563 3 816 13,087 12,162 777 8,541 540

38,536 27,424 11,993 11,277 4,756 2 717 15,431 12,354 2,246 11,112 809

40,795 28,983 13,739 13,114 5,438 2 626 15,244 12,280 2,225 11,812 809

48,107 35,358 15,211 14,695 6,570 1 515 20,148 17,159 2,214 12,749 2,709

54,855 36,777 16,218 15,786 7,504 0 432 20,559 17,686 2,094 18,078 3,329

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

4,179 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

6,521 4,400 1,467 1,467 705 0 0 2,932 2,304 616 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

7,094 3,862 2,567 2,546 847 0 21 1,296 1,000 296 3,232 0

13,146 8,105 2,413 2,398 1,331 0 15 5,691 5,491 200 5,041 1,900

12,840 3,499 2,124 2,123 1,279 0 1 1,375 1,335 40 9,340 620

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

2,347 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 2,687 1,879 693 3,906 0

5,642 2,915 1,364 1,248 432 1 117 1,551 1,353 152 2,727 200

4,877 2,172 883 755 158 1 128 1,289 953 316 2,705 0

5,914 1,789 939 811 216 1 128 850 623 211 4,126 0

6,553 2,306 1,112 1,029 342 1 83 1,194 983 196 4,248 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

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

2,585 1,948 574 529 174 0 44 1,374 1,284 70 637 36

2,359 1,652 580 543 210 0 37 1,072 1,005 53 707 43

2,749 1,949 681 648 256 0 33 1,267 1,058 49 800 75

2,764 2,107 656 629 241 0 27 1,451 1,112 184 656 68

2,723 2,005 602 582 242 0 20 1,403 1,073 170 718 129

2,842 2,135 557 542 249 0 15 1,577 1,282 125 707 221

3,106 2,894

-490 -191

-167 174

303 -240

5,649 3,616

2,731 2,690

5,692 5,611

10,944 10,483

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

2011

2012

2013

2014

2015

2016

2017

2018

1,055 322

1,093 300

1,071 281

1,328 258

1,203 233

1,149 210

1,038 189

1,157 170

3,631 13,281

3,164 11,042

1,664 9,444

3,581 8,560

5,139 7,060

1,273 3,847

3,206 3,321

1,453 2,827

Notes: Short-term debt is based on the Central Bank data.

113


COMOROS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

211.2 201.2 201.2 0.0 3.3 6.7 4.7

226.1 206.9 206.9 0.0 1.5 17.6 8.6

278.8 258.0 258.0 0.0 0.0 20.8 17.8

282.3 260.3 260.3 0.0 0.0 22.0 18.0

286.7 279.5 279.5 0.0 0.0 7.2 3.2

279.4 270.6 270.6 0.0 5.1 3.6 3.6

277.6 263.4 263.4 0.0 10.1 4.0 4.0

485.4 469.3 469.3 0.0 12.3 3.8 3.8

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

21.4 201.2 0.0 4.7

41.9 206.9 0.0 0.0

58.3 258.0 0.0 0.6

61.2 260.3 0.0 0.0

19.9 279.5 0.0 0.0

21.5 270.6 0.0 0.0

21.7 263.4 0.0 0.0

17.2 469.3 0.0 215.0

External debt flows Disbursements Long-term external debt IMF purchases

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

217.4 215.0 2.4

Principal repayments Long-term external debt IMF repurchases

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

3.1 3.1 0.0

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

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

214.3 211.9 0.0

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

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

1.1 1.1 0.0 0.0

0.9 0.0

0.1 ..

0.6 ..

0.6 ..

7.5 ..

7.5 ..

9.1 ..

9.4 ..

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 27.2

.. 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 42.6

11.4 0.0 0.0 0.0 43.2

11.4 0.0 0.0 0.0 43.8

6.2 0.0 0.0 0.0 69.9

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 25.8 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

232.9 49.2 12.2 105.7 0.2 -19.0 44.9

202.2 .. .. .. .. .. 43.4

385.9 59.5 .. 138.3 .. -26.8 86.1

403.6 63.5 .. 155.7 .. -22.5 93.9

466.9 69.7 .. 174.7 .. -29.5 117.6

530.3 81.1 .. 254.8 .. -68.8 112.7

534.6 79.7 .. 245.4 .. -45.9 150.9

538.8 .. .. .. .. .. 146.1

429.0 90.7 2.0 3.2 74.1 21.2 5.1

.. 111.8 .. 7.8 73.4 19.2 ..

468.5 72.2 6.7 7.4 74.4 30.9 7.5

444.6 70.0 5.9 7.8 76.8 33.3 7.2

411.6 61.4 37.5 2.5 79.6 41.0 8.1

344.4 52.7 15.2 1.3 78.5 40.3 5.3

348.3 51.9 14.8 1.5 77.3 54.4 7.4

.. 90.1 .. 0.8 42.0 30.1 ..

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)

114


COMOROS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

279.5 279.5 279.5 228.1 0.0 124.4 51.4 0.0 0.0 0.0 0.0 0.0

270.6 270.6 270.6 219.4 0.0 122.3 51.2 0.0 0.0 0.0 0.0 0.0

263.4 263.4 263.4 214.6 0.0 120.4 48.8 0.0 0.0 0.0 0.0 0.0

469.3 469.3 469.3 204.1 0.0 115.5 265.2 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

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

215.0 215.0 215.0 0.0 0.0 0.0 215.0 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

0.4 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

3.1 3.1 3.1 3.1 0.0 1.7 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

0.5 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

1.1 1.1 1.1 1.1 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0

8.5 11.2

-2.7 2.3

-15.1 0.7

3.6 1.6

4.4 -8.0

-7.4 -5.5

-1.8 -2.1

207.8 214.3

2.0 0.4 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

29.1 1.7 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

2011

2012

2013

2014

2015

2016

2017

2018

6.7 1.6

7.0 1.6

6.5 1.6

6.8 1.5

7.2 1.5

17.5 1.4

17.5 1.4

18.5 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

Notes: Data for 2010 include the effects of Paris Club debt restructuring agreements signed in 2010 and of Enhanced HIPC Initiative in the amount of $1.2 million.

115


CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

12,365 10,931 10,931 0 808 626 446

12,210 10,880 10,880 0 654 677 471

12,276 10,869 10,869 0 800 607 493

5,774 4,957 4,957 0 323 494 280

4,569 9,621 15 14

4,949 7,867 13 0

1,186 9,412 0 45

1,279 9,891 0 45

1,533 10,931 0 0

1,684 10,880 0 0

2,249 10,869 0 0

748 4,957 0 0

External debt flows Disbursements Long-term external debt IMF purchases

0 0 0

0 0 0

288 249 39

182 182 0

116 116 0

100 100 0

387 105 282

116 40 76

Principal repayments Long-term external debt IMF repurchases

1 0 1

0 0 0

112 112 0

142 142 0

219 155 64

307 170 137

376 226 150

140 83 57

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

61 0 63

20 0 20

95 137 -81

144 40 104

-65 -39 38

-181 -70 26

-81 -121 -92

76 -43 100

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

24 0 16 8

25 0 0 25

102 97 2 3

143 134 4 5

277 267 4 6

285 275 4 6

247 241 4 2

128 125 0 2

-22 ..

72 ..

.. ..

256 ..

1,808 ..

1,727 ..

664 ..

2,939 ..

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

.. 3.7 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

28.8 7.9 0.9 0.3 42.0

29.2 7.7 1.0 0.2 41.6

7.3 0.0 0.0 0.1 48.7

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

0.0 0.0 0.0

4,878 .. .. .. .. .. 157

3,918 .. .. .. .. .. 83

6,760 2,755 .. 3,924 .. .. 131

8,143 3,155 .. 4,272 .. -395 155

9,621 6,566 .. 7,562 .. -134 181

10,337 7,716 .. 9,761 .. -1,050 78

10,425 5,047 .. 7,571 .. -1,123 1,615

12,263 7,125 .. 10,542 .. -2,529 1,841

.. 271.4 .. 23.6 18.0 1.2 ..

.. 298.4 .. 29.3 18.5 0.7 ..

384.7 156.8 7.8 3.7 28.8 1.2 0.4

356.4 138.1 9.0 4.6 29.2 1.4 0.4

188.3 128.5 7.6 5.1 32.8 1.5 0.3

158.3 118.1 7.7 5.5 34.0 0.6 0.1

243.2 117.8 12.3 4.9 34.1 13.2 2.6

81.0 47.1 3.8 8.6 44.5 31.9 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)

116


CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

10,931 10,931 10,574 4,056 0 2,402 6,518 357 0 1 0 0

10,880 10,880 10,528 4,150 0 2,437 6,379 351 0 0 0 0

10,869 10,869 10,538 4,187 0 2,497 6,351 332 0 0 0 0

4,957 4,957 4,850 2,571 0 849 2,279 106 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

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

40 40 40 40 0 19 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 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

155 155 150 40 0 1 111 5 0 0 0 0

170 170 163 58 0 3 105 7 0 0 0 0

226 226 205 69 0 7 136 21 0 0 0 0

83 83 80 56 0 1 24 4 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

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

267 267 264 113 0 14 151 2 0 0 0 0

275 275 272 126 0 15 145 3 0 0 0 0

241 241 239 125 0 16 115 2 0 0 0 0

125 125 125 120 0 12 4 0 0 0 0 0

918 61

-356 20

-834 95

643 144

1,122 -65

-155 -181

66 -81

-6,502 76

0 0 0

0 0 0

34 95 0

0 37 0

0 40 0

0 161 0

0 37 0

1,479 6,603 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

2011

2012

2013

2014

2015

2016

2017

2018

135 22

139 87

146 86

148 85

137 84

135 83

185 82

154 81

4 0

4 0

4 0

3 0

0 0

0 0

0 0

0 0

Notes: Data on long-term public and publicly guaranteed debt for 2010 are World Bank staff estimates. Data for 2008, 2009, and 2010 include the effects of MDRI and HIPC debt relief, in the amount of $42,477 thousand, $37,364 thousand, $1,642,856 thousand respectively. Data also include the effects of Paris Club debt restructuring agreements signed in 2010.

117


CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,887 4,867 4,867 0 19 1,002 412

4,782 3,682 3,682 0 41 1,059 638

6,144 5,404 5,404 0 26 714 703

6,560 5,749 5,749 0 35 776 713

5,648 5,246 5,246 0 37 364 259

5,932 5,505 5,505 0 38 389 252

4,903 4,684 4,684 0 43 176 107

3,781 3,531 3,531 0 27 222 105

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

950 4,867 0 31

1,727 3,682 0 24

2,511 5,404 0 640

2,564 5,749 0 17

1,008 5,246 0 10

979 5,505 0 13

410 4,684 0 394

353 3,531 0 79

External debt flows Disbursements Long-term external debt IMF purchases

15 15 0

15 1 14

232 220 12

163 152 12

28 28 0

21 19 2

10 7 4

75 73 2

Principal repayments Long-term external debt IMF repurchases

88 85 2

6 6 0

77 65 12

54 50 4

74 74 0

112 112 0

86 86 0

151 151 0

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

163 -70 236

-52 -5 -61

166 155 11

162 102 52

-4 -46 42

-60 -94 32

-144 -80 -68

-28 -78 48

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

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

45 42 0 3

125 0

166 0

514 ..

1,488 ..

2,638 ..

2,483 ..

2,083 ..

2,816 ..

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 3.5 0.5 24.1

.. 0.2 4.9 0.3 29.9

35.9 0.1 5.3 0.2 52.6

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

43.5 0.0 5.5 0.3 43.6

12.7 0.0 0.0 0.0 78.9

2.2 31.8 9.0

2.0 15.0 7.0

0.6 16.6 4.8

2.4 39.5 10.4

1.0 19.7 5.2

2.8 19.5 4.8

0.9 19.5 5.2

3.2 16.0 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

4.0 9.8 0.2

0.0 0.0 0.0

4.0 7.8 0.3

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

5,105 6,352 13 6,202 1,403 124 1,848

5,747 6,151 15 8,294 1,651 -2,181 2,184

8,728 .. 15 .. .. .. 3,881

6,878 .. 15 .. .. .. 3,806

8,619 .. 15 .. .. .. 4,447

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

123.3 152.1 2.2 11.6 8.3 12.0 2.0

103.3 128.5 1.4 11.8 7.9 28.2 3.6

91.8 98.3 1.7 6.4 8.9 38.7 3.2

.. 68.0 .. 6.6 8.0 65.4 ..

.. 71.3 .. 3.6 9.4 77.6 ..

.. 43.9 .. 5.9 5.8 117.6 ..

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)

118


CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,404 5,404 3,293 512 0 280 2,780 2,111 0 2,017 0 0

5,749 5,749 3,608 517 0 295 3,091 2,140 0 2,037 0 0

5,246 5,246 3,863 500 0 303 3,363 1,383 0 1,281 0 0

5,505 5,505 4,150 476 0 299 3,674 1,355 0 1,261 0 0

4,684 4,684 3,840 463 0 298 3,377 844 0 779 0 0

3,531 3,531 2,716 219 0 84 2,497 815 0 756 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 15 15 1 1 0 15 0 0 0 0 0

1 1 1 0 0 0 1 0 0 0 0 0

220 220 220 85 0 35 135 0 0 0 0 0

152 152 152 18 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

73 73 73 12 0 2 62 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

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

151 151 127 23 0 1 104 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

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

42 42 30 7 0 1 23 12 0 12 0 0

586 163

-138 -52

-420 166

416 162

-912 -4

285 -60

-1,030 -144

-1,122 -28

108 24 0

0 0 0

86 141 0

124 152 0

616 1,282 0

312 114 0

53 766 0

1,536 1,147 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

2011

2012

2013

2014

2015

2016

2017

2018

224 24

215 52

111 50

140 51

156 50

179 47

178 44

179 43

24 11

28 11

32 10

32 9

32 9

32 8

32 10

31 9

Notes: Data on long-term public debt for 2010 are World Bank staff estimates. Data include the effects of London Club debt restructuring agreement signed in 2007 and Paris Club debt restructuring agreement signed in 2008 and 2010. However, data for 2010 does not reflect the $1.4 billion of debt relief that Paris Club creditors have committed to bilaterally. Data for 2008, 2009, and 2010 include the effects of MDRI and HIPC debt relief, in the amount of $3,596 thousand, $3,576 thousand, and $210,763 thousand respectively.

119


COSTA RICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,766 3,312 3,097 214 24 430 32

4,636 3,688 3,452 236 0 948 12

6,489 4,392 3,161 1,231 0 2,097 2

6,996 4,640 3,315 1,325 0 2,355 2

8,406 5,171 3,650 1,521 0 3,234 0

9,196 5,207 3,174 2,033 0 3,989 0

7,978 5,735 3,197 2,538 0 2,243 0

8,849 6,418 3,725 2,693 0 2,431 0

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

98 3,095 216 25

29 3,451 237 824

0 3,161 1,231 358

0 3,315 1,325 416

0 3,650 1,521 149

0 3,174 2,033 446

0 3,197 2,538 1,850

0 3,725 2,693 50

External debt flows Disbursements Long-term external debt IMF purchases

211 211 0

758 758 0

986 986 0

458 458 0

610 610 0

1,115 1,115 0

1,322 1,322 0

1,504 1,504 0

Principal repayments Long-term external debt IMF repurchases

401 357 44

388 388 0

569 569 0

498 498 0

559 559 0

1,112 1,112 0

795 795 0

653 653 0

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

-148 -146 42

549 370 179

841 416 425

218 -40 258

931 51 880

758 3 755

-1,218 527 -1,745

1,038 851 188

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

251 225 3 23

262 206 0 56

274 180 0 94

294 176 0 118

347 207 0 140

462 352 0 110

428 367 0 62

429 362 0 67

337 ..

409 ..

861 ..

1,469 ..

1,896 ..

2,078 ..

1,347 ..

1,466 ..

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 0.1 0.0 49.1

.. 4.0 0.0 0.0 69.9

1.7 2.7 0.0 0.0 77.1

1.6 2.1 0.0 0.0 80.2

1.7 2.3 0.0 0.0 83.0

1.8 3.8 0.0 0.0 87.9

1.7 5.1 0.0 0.0 87.9

1.3 5.9 0.0 0.0 89.1

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

4.5 17.3 4.0

3.1 19.6 4.1

0.0 0.0 0.0

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

3.3 3.0 0.5

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

28,935 14,400 605 17,565 749 -2,787 3,801

28,767 12,718 513 13,585 986 -576 4,068

33,001 13,969 552 15,670 606 -1,439 4,630

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

61.6 33.8 8.0 32.3 18.1 35.7 2.4

57.3 32.1 6.5 33.7 18.0 44.6 2.8

62.0 33.0 6.7 38.5 14.2 49.0 3.2

63.9 31.8 10.9 43.4 11.3 41.3 2.6

62.7 27.7 9.6 28.1 14.8 51.0 3.6

63.3 26.8 7.7 27.5 19.3 52.3 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)

120


COSTA RICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,392 3,161 1,370 1,176 59 1 194 1,791 1,669 102 1,231 0

4,640 3,315 1,452 1,260 53 1 192 1,864 1,685 161 1,325 0

5,171 3,650 1,476 1,195 45 1 281 2,174 1,900 257 1,521 0

5,207 3,174 1,362 1,039 41 0 322 1,812 1,660 137 2,033 0

5,735 3,197 1,577 1,179 57 0 398 1,620 1,435 172 2,538 0

6,418 3,725 2,139 1,709 570 0 430 1,586 1,435 138 2,693 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

211 201 200 183 16 0 18 0 0 0 10 0

758 749 249 130 6 0 118 500 500 0 9 0

986 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

1,322 523 380 258 24 0 122 143 75 68 799 0

1,504 770 767 706 521 0 61 2 0 0 734 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

357 333 323 176 55 0 146 10 4 2 24 0

388 371 334 154 33 0 180 37 30 4 17 0

569 365 306 276 17 0 31 59 41 17 204 0

498 276 230 213 11 0 18 45 34 11 222 0

559 263 221 192 9 0 30 42 35 7 296 0

1,112 829 456 413 8 0 43 373 240 130 283 0

795 500 165 119 7 0 47 335 300 33 294 0

653 266 230 179 9 0 51 36 0 34 387 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

225 204 163 95 27 0 67 42 37 0 21 0

206 190 104 84 12 0 20 86 80 2 16 0

180 105 63 57 3 0 5 43 39 3 74 0

176 96 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

367 215 73 63 2 0 10 142 131 10 152 0

362 207 81 70 3 0 11 126 116 8 155 0

-110 -148

490 549

773 841

507 218

1,410 931

790 758

-1,217 -1,218

870 1,038

0 3 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

2011

2012

2013

2014

2015

2016

2017

2018

258 71

232 62

253 53

231 45

218 37

182 32

173 27

165 24

969 229

802 188

741 130

603 100

238 68

309 54

159 41

121 34

Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates. Short-term debt is based on reports provided by the country.

121


COTE D'IVOIRE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

11,702 11,251 10,980 271 352 99 99

11,430 10,696 10,416 280 383 351 44

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

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 10,980 271 144

122 10,416 280 0

External debt flows Disbursements Long-term external debt IMF purchases

924 743 181

148 148 0

55 55 0

116 116 0

140 77 62

118 54 64

359 58 301

127 72 55

Principal repayments Long-term external debt IMF repurchases

625 539 86

481 442 39

255 164 91

217 160 57

345 298 47

829 784 44

841 697 143

258 248 10

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

935 204 636

-617 -294 -283

-308 -109 -108

-101 -44 0

-206 -221 0

-711 -731 0

-482 -639 0

176 -176 307

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

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

124 122 0 2

211 1

235 1

312 14

319 2

427 2

446 2

381 -9

418 ..

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

.. 1.4 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

57.6 2.3 0.4 0.0 35.2

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 15.3 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

0.0 0.0 0.0

0.0 0.0 0.0

10,013 4,526 151 4,782 204 -492 529

9,715 4,512 119 4,423 284 -241 674

15,643 8,724 163 8,222 370 40 1,367

16,589 9,518 167 8,508 478 479 1,798

18,913 9,820 185 9,616 531 -139 2,519

22,434 11,651 199 10,867 581 452 2,253

22,078 11,702 185 9,917 .. 1,670 3,267

21,729 .. 179 .. .. .. 3,624

417.5 188.7 23.1 20.7 20.6 2.8 1.3

269.0 124.9 22.6 8.6 24.4 5.6 1.8

136.5 76.2 3.5 7.1 25.9 11.5 2.0

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

.. 52.6 .. 3.1 19.5 31.7 ..

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)

122


COTE D'IVOIRE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

11,251 10,980 8,914 2,374 42 1,781 6,540 2,066 1,931 135 271 0

10,696 10,416 8,673 2,228 14 1,749 6,445 1,743 1,621 118 280 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

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

72 49 48 45 0 40 3 0 0 0 24 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

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

248 168 166 127 25 41 39 2 0 2 80 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

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

122 107 105 24 1 13 81 2 0 2 15 0

1,503 935

-1,032 -617

-1,287 -308

852 -101

1,101 -206

-1,297 -711

-866 -482

-272 176

381 322 0

72 29 0

0 0 0

0 0 0

0 0 0

0 0 0

3,078 1,103 0

530 180 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

2011

2012

2013

2014

2015

2016

2017

2018

1,393 242

761 244

529 240

531 225

533 208

535 191

524 173

776 155

303 23

289 19

262 15

254 12

246 10

242 7

237 5

134 3

Notes: Data on long-term public debt for 2010 are World Bank staff estimates.

123


DJIBOUTI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

272.4 268.9 268.9 0.0 0.0 3.5 3.5

258.1 238.3 238.3 0.0 13.4 6.4 6.4

406.4 378.9 378.9 0.0 18.7 8.9 8.9

469.2 441.2 441.2 0.0 18.0 10.0 10.0

675.3 653.4 653.4 0.0 16.1 5.8 5.8

698.5 680.4 680.4 0.0 17.4 0.7 0.7

755.3 737.2 737.2 0.0 15.8 2.3 2.3

751.3 738.7 738.7 0.0 12.1 0.5 0.5

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

13.1 268.9 0.0 0.0

22.4 238.3 0.0 48.6

21.3 378.9 0.0 87.6

26.3 441.2 0.0 41.1

40.2 653.4 0.0 22.7

2.2 680.4 0.0 38.4

6.9 737.2 0.0 24.3

2.2 738.7 0.0 48.8

External debt flows Disbursements Long-term external debt IMF purchases

18.4 18.4 0.0

11.3 7.7 3.6

26.5 26.5 0.0

63.7 63.7 0.0

39.0 39.0 0.0

52.0 45.9 6.1

69.6 67.4 2.3

37.3 37.3 0.0

Principal repayments Long-term external debt IMF repurchases

9.2 9.2 0.0

10.7 8.4 2.3

11.9 11.0 0.8

18.5 16.9 1.6

17.1 14.3 2.8

21.8 17.5 4.3

26.7 22.5 4.2

25.7 22.4 3.3

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

9.2 9.2 0.0

0.7 -0.7 0.0

14.7 15.5 0.0

45.2 46.8 0.0

22.0 24.7 0.0

30.2 28.4 0.0

42.9 44.9 0.0

11.5 14.9 0.0

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

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

7.8 7.7 0.1 0.0

8.3 8.2 0.1 0.0

8.2 8.2 0.0 0.0

3.2 0.0

3.3 0.0

22.2 0.0

108.3 0.0

195.4 0.0

227.7 0.0

96.9 0.0

26.8 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 12.4

.. 0.0 0.0 0.0 16.2

13.1 0.0 0.0 0.0 34.2

16.8 0.0 0.0 0.0 32.7

33.9 0.0 0.0 0.0 25.8

31.6 0.0 0.0 0.0 25.5

30.5 0.0 0.0 0.0 24.7

28.3 0.0 0.0 0.0 24.7

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

1.9 24.2 6.0

0.0 0.0 0.0

0.0 0.0 0.0

6.9 11.5 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

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

1072.5 411.3 30.3 716.5 5.0 -225.4 175.5

1120.1 436.4 32.5 593.6 6.5 -71.1 241.8

.. 453.6 32.7 498.3 0.0 50.5 249.0

123.4 52.9 5.0 1.3 50.1 26.5 3.3

118.1 45.5 6.1 2.5 53.6 26.3 2.8

127.1 52.4 4.9 2.2 66.1 22.0 2.9

137.4 54.9 6.9 2.1 65.2 25.6 3.3

197.6 72.2 6.9 0.9 51.4 19.6 2.7

169.8 65.1 7.2 0.1 51.9 25.1 2.9

173.1 67.4 8.0 0.3 52.9 32.0 4.9

165.6 .. 7.5 0.1 54.5 33.1 6.0

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)

124


DJIBOUTI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

441.2 441.2 418.0 305.7 0.0 133.3 112.3 23.2 0.0 5.6 0.0 0.0

653.4 653.4 622.6 347.0 0.0 147.2 275.6 30.8 0.0 12.3 0.0 0.0

680.4 680.4 653.0 362.8 0.0 151.6 290.2 27.4 0.0 13.5 0.0 0.0

737.2 737.2 713.0 399.4 0.0 158.4 313.6 24.2 0.0 15.2 0.0 0.0

738.7 738.7 718.3 409.3 0.0 154.7 308.9 20.4 0.0 14.2 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

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

63.7 63.7 44.5 34.2 0.0 8.2 10.4 19.1 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

67.4 67.4 67.4 44.8 0.0 7.4 22.6 0.0 0.0 0.0 0.0 0.0

37.3 37.3 37.3 20.7 0.0 1.4 16.5 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

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

16.9 16.9 14.5 8.2 0.0 1.2 6.3 2.4 0.0 0.0 0.0 0.0

14.3 14.3 13.2 7.9 0.0 1.8 5.3 1.1 0.0 0.0 0.0 0.0

17.5 17.5 13.6 8.7 0.0 1.6 5.0 3.9 0.0 0.0 0.0 0.0

22.5 22.5 17.4 9.7 0.0 1.8 7.7 5.1 0.0 0.0 0.0 0.0

22.4 22.4 20.0 11.0 0.0 2.3 9.0 2.4 0.0 0.2 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 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

7.7 7.7 7.2 5.2 0.0 1.3 2.0 0.5 0.0 0.0 0.0 0.0

8.2 8.2 7.6 5.0 0.0 1.1 2.6 0.6 0.0 0.0 0.0 0.0

8.2 8.2 7.6 5.2 0.0 1.1 2.4 0.6 0.0 0.1 0.0 0.0

14.8 9.2

-9.6 0.7

-13.4 14.7

62.8 45.2

206.1 22.0

23.2 30.2

56.7 42.9

-3.9 11.5

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

17.0 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

2011

2012

2013

2014

2015

2016

2017

2018

29.3 8.6

48.2 10.1

29.3 9.6

26.6 9.4

26.9 9.2

32.3 8.8

33.0 8.3

33.7 7.8

5.5 0.6

5.5 0.4

1.2 0.3

1.2 0.2

1.2 0.2

1.2 0.1

0.1 0.0

0.3 0.0

Notes: Data on long-term public and publicly guaranteed debt include the effects of Paris Club debt restructuring agreement signed in 2008.

125


DOMINICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

253.3 217.3 217.3 0.0 14.0 22.0 11.0

289.2 214.0 214.0 0.0 12.1 63.0 14.0

301.2 203.2 203.2 0.0 15.0 83.0 17.0

256.3 198.7 198.7 0.0 19.6 37.9 17.9

266.7 216.0 216.0 0.0 18.2 32.5 1.5

1.8 94.9 0.0 5.1

0.3 145.8 0.0 57.3

6.5 221.6 0.0 25.8

6.0 217.3 0.0 0.0

11.2 214.0 0.0 6.0

10.2 203.2 0.0 5.6

10.7 198.7 0.0 13.7

19.3 216.0 0.0 20.1

External debt flows Disbursements Long-term external debt IMF purchases

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

11.1 7.9 3.2

13.4 8.3 5.1

29.4 29.4 0.0

Principal repayments Long-term external debt IMF repurchases

4.4 3.6 0.9

6.7 6.7 0.0

10.0 9.6 0.4

11.2 9.6 1.6

13.0 10.5 2.5

12.9 12.9 0.0

15.7 14.9 0.8

11.1 10.0 1.1

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

4.6 5.9 -0.5

49.7 49.5 0.2

-37.0 -5.2 -35.0

-25.7 -6.4 -21.0

29.9 -5.6 38.0

15.2 -5.0 17.0

-48.3 -6.6 -46.0

29.4 19.5 11.0

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

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

5.1 4.4 0.1 0.6

4.5 4.1 0.0 0.3

54.1 ..

17.6 ..

19.2 ..

25.9 ..

40.5 ..

56.5 ..

41.3 ..

30.8 ..

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

.. 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

4.0 0.0 0.0 0.0 87.3

3.4 0.0 0.0 0.0 86.8

2.7 0.0 0.0 0.0 86.9

3.4 0.0 0.0 0.0 85.1

3.0 0.0 0.0 0.0 80.6

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

1.2 31.1 8.4

2.1 26.8 8.6

2.6 18.5 5.1

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

3.5 15.6 2.6

0.0 0.0 0.0

0.0 0.0 0.0

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

353.7 170.7 26.1 314.1 12.5 -124.3 55.2

359.8 161.2 25.4 282.3 13.4 -101.9 75.5

364.4 158.7 26.2 275.4 11.4 -96.8 76.1

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

168.2 84.2 11.9 8.7 47.9 24.9 3.4

184.9 89.0 12.5 21.8 41.8 20.9 2.7

176.4 85.2 11.2 27.6 38.9 18.3 2.1

159.0 71.2 12.9 14.8 46.0 29.4 3.2

168.0 73.2 9.8 12.2 43.6 28.5 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)

126


DOMINICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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 47.1 0.0 0.0 0.0

217.3 217.3 167.7 121.4 3.3 22.5 46.3 49.6 47.1 0.0 0.0 0.0

214.0 214.0 164.4 121.0 2.5 25.4 43.4 49.6 47.1 0.0 0.0 0.0

203.2 203.2 156.8 117.1 1.8 26.5 39.7 46.4 42.2 1.7 0.0 0.0

198.7 198.7 154.2 117.8 1.2 27.5 36.4 44.5 40.3 1.7 0.0 0.0

216.0 216.0 171.5 116.1 0.8 27.0 55.4 44.5 40.3 1.7 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

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

7.9 7.9 6.2 6.2 0.0 1.8 0.0 1.7 0.0 1.7 0.0 0.0

8.3 8.3 8.3 6.0 0.0 1.4 2.3 0.0 0.0 0.0 0.0 0.0

29.4 29.4 29.4 7.4 0.0 0.5 22.1 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

3.6 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

9.6 9.6 9.6 8.0 0.6 0.3 1.6 0.0 0.0 0.0 0.0 0.0

10.5 10.5 10.5 6.9 0.8 0.4 3.6 0.0 0.0 0.0 0.0 0.0

12.9 12.9 12.9 9.3 0.8 0.5 3.6 0.0 0.0 0.0 0.0 0.0

14.9 14.9 13.0 7.8 0.6 0.5 5.2 1.9 1.9 0.0 0.0 0.0

10.0 10.0 10.0 6.6 0.4 0.5 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

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 0.0 0.0 0.0

5.5 5.5 4.9 3.2 0.2 0.2 1.7 0.6 0.6 0.0 0.0 0.0

4.9 4.9 4.4 3.1 0.2 0.2 1.3 0.4 0.4 0.0 0.0 0.0

4.3 4.3 4.1 2.8 0.1 0.2 1.3 0.2 0.2 0.0 0.0 0.0

4.4 4.4 3.9 2.8 0.1 0.2 1.2 0.5 0.2 0.3 0.0 0.0

4.1 4.1 3.8 2.6 0.0 0.2 1.2 0.3 0.3 0.1 0.0 0.0

5.2 4.6

49.3 49.7

-30.7 -37.0

-20.5 -25.7

35.9 29.9

12.1 15.2

-44.9 -48.3

10.4 29.4

0.0 0.0 0.0

0.0 0.0 0.0

14.6 0.1 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

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

2011

2012

2013

2014

2015

2016

2017

2018

10.8 3.5

7.7 3.3

9.1 3.2

9.5 3.0

9.2 2.8

9.7 2.6

9.6 2.4

8.5 2.2

0.1 3.0

0.1 3.0

0.1 3.0

30.7 3.0

0.1 0.2

0.1 0.2

0.1 0.2

0.1 0.2

127


DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,447 3,672 3,653 19 160 616 214

4,541 3,311 3,311 0 52 1,178 28

7,072 5,770 5,769 2 400 901 20

8,553 6,634 6,221 414 459 1,459 8

10,142 7,118 6,273 845 548 2,476 9

10,119 7,689 6,846 843 492 1,938 3

11,046 8,600 7,757 843 767 1,679 0

13,045 9,958 9,115 843 1,139 1,948 0

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

320 3,626 46 167

56 3,299 13 469

144 5,761 9 811

32 6,214 420 1,336

13 6,268 851 343

15 6,841 848 1,028

0 7,753 847 2,935

0 9,111 846 1,826

External debt flows Disbursements Long-term external debt IMF purchases

195 195 0

303 303 0

894 674 220

1,701 1,560 142

1,427 1,250 177

1,420 1,298 122

1,700 1,391 308

2,591 2,061 530

Principal repayments Long-term external debt IMF repurchases

234 200 34

257 257 0

763 763 0

1,023 918 105

927 813 114

863 699 164

817 770 47

817 670 147

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

105 -5 143

311 46 265

96 -88 -36

1,249 642 570

1,516 437 1,016

25 600 -532

627 622 -256

2,044 1,392 269

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

175 145 10 20

263 211 3 50

248 211 9 27

320 255 22 42

453 327 26 100

547 446 24 78

505 431 7 67

521 443 10 68

414 ..

953 ..

1,123 ..

1,085 ..

1,667 ..

2,870 ..

2,067 ..

1,626 ..

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

.. 7.7 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 85.9

7.7 2.0 0.0 0.0 85.4

8.6 1.9 0.0 0.0 85.4

6.4 1.6 0.0 0.0 88.9

6.6 20.2 5.2

6.5 14.4 1.8

1.7 21.5 4.1

4.1 21.5 4.5

3.7 21.2 4.1

2.6 22.5 3.4

2.7 17.1 4.9

1.5 20.7 5.8

8.4 9.5 2.0

6.5 10.3 2.7

3.2 4.1 1.2

6.6 13.5 8.7

6.5 9.2 2.2

6.0 7.1 2.6

4.8 10.7 2.9

6.6 10.8 7.2

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 -1,287 2,127

39,234 12,797 3,427 18,364 2,194 -2,166 2,562

43,684 12,411 3,667 20,443 1,669 -4,519 2,288

44,829 10,918 3,467 16,382 1,577 -2,159 2,905

49,789 12,171 3,369 19,724 0 -4,435 3,501

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 25.6 26.2 1.6

72.0 25.1 11.3 17.1 22.2 24.9 1.6

79.3 25.8 10.8 24.4 18.6 25.3 1.7

81.5 23.2 11.4 19.1 18.6 22.6 1.3

101.2 24.6 12.1 15.2 23.6 26.3 2.1

107.2 26.2 11.0 14.9 23.6 26.8 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)

128


DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,770 5,769 3,146 1,807 405 11 1,339 2,623 1,147 980 2 0

6,634 6,221 3,497 1,901 438 10 1,596 2,724 1,452 1,106 414 412

7,118 6,273 3,626 1,886 472 9 1,741 2,646 1,326 1,194 845 844

7,689 6,846 4,353 1,883 449 9 2,469 2,493 1,201 1,200 843 843

8,600 7,757 5,327 2,608 748 8 2,718 2,431 1,076 1,276 843 843

9,958 9,115 6,165 3,074 864 7 3,091 2,950 1,721 1,155 843 843

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

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 1,023 213 20 0 810 275 0 272 0 0

1,391 1,391 1,302 904 352 0 399 89 0 85 0 0

2,061 2,061 1,127 622 175 0 505 935 750 170 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

200 184 161 79 40 1 82 23 0 3 16 0

257 257 217 63 21 1 154 40 4 18 0 0

763 763 171 110 38 1 61 592 336 163 0 0

918 918 373 113 34 1 261 544 20 173 0 0

813 813 353 215 39 1 137 460 125 291 0 0

699 698 294 215 43 1 80 404 125 242 1 0

770 769 338 191 54 1 147 432 125 288 0 0

670 670 295 151 59 1 143 375 105 252 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

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 37 0 0

255 253 142 90 23 0 52 112 45 56 2 2

327 271 147 98 25 0 50 123 56 61 57 57

446 337 136 87 24 0 48 202 125 70 108 108

431 323 150 83 22 0 67 173 113 56 108 108

443 334 155 91 30 0 64 179 134 42 108 108

173 105

-145 311

-53 96

1,481 1,249

1,589 1,516

-22 25

926 627

1,999 2,044

2 0 0

0 1 0

1,209 0 316

203 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

2011

2012

2013

2014

2015

2016

2017

2018

638 134

531 128

696 121

866 101

504 80

483 71

422 63

399 55

499 297

858 263

699 212

352 191

272 182

207 172

142 167

692 136

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.

129


ECUADOR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

17,797 15,902 10,719 5,183 0 1,894 0

17,379 15,694 10,053 5,642 0 1,685 31

14,130 12,735 6,920 5,815 0 1,396 37

14,815 14,446 8,598 5,848 0 369 37

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

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 10,715 5,188 1,248

1 10,036 5,659 17

1 6,894 5,841 166

1 8,569 5,877 4,890

External debt flows Disbursements Long-term external debt IMF purchases

1,028 1,028 0

1,125 976 150

3,154 3,154 0

2,638 2,638 0

3,048 3,048 0

1,776 1,776 0

1,419 1,419 0

3,059 3,059 0

Principal repayments Long-term external debt IMF repurchases

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

4,388 4,388 0

1,351 1,351 0

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

-173 307 -451

-194 -89 -254

-234 106 -145

-27 -239 271

591 709 -95

-168 72 -240

-3,264 -2,969 -295

681 1,708 -1,027

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

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

642 578 0 64

498 484 0 14

452 13

-23 0

493 2

271 0

194 0

1,001 1

316 2

167 ..

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 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

2.8 2.6 0.6 0.0 90.3

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

3.0 18.7 2.2

3.3 23.2 5.6

5.1 12.0 3.7

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

0.0 0.0 0.0

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 1,588 3,521

53,088 20,647 2,828 22,506 787 1,087 4,473

56,091 15,607 2,502 18,372 822 -268 3,792

64,195 19,686 2,569 23,790 .. -1,794 2,622

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

109.0 40.7 22.6 10.6 26.2 19.8 2.4

84.2 32.7 13.1 9.7 24.7 25.7 2.4

90.5 25.2 32.2 9.9 30.8 26.8 2.5

75.3 23.1 9.4 2.5 34.9 17.7 1.3

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)

130


ECUADOR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

15,902 10,719 6,592 4,658 684 13 1,934 4,128 3,860 194 5,183 0

15,694 10,053 5,964 4,293 612 12 1,672 4,088 3,860 163 5,642 0

12,735 6,920 5,855 4,346 532 11 1,509 1,065 873 134 5,815 0

14,446 8,598 7,575 5,171 446 10 2,404 1,023 868 105 5,848 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

1,028 818 733 593 319 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

3,048 1,357 1,333 1,323 8 0 9 24 0 24 1,691 0

1,776 353 343 339 5 0 5 10 0 10 1,423 0

1,419 384 382 377 0 0 5 2 0 2 1,035 0

3,059 2,307 2,305 1,229 3 0 1,076 2 0 2 752 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

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

4,388 3,526 501 321 81 1 180 3,025 2,987 31 862 0

1,351 633 589 403 89 1 185 44 6 31 718 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

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

926 655 311 246 33 0 64 345 331 9 270 0

578 329 226 177 23 0 49 103 91 7 248 0

484 325 254 173 17 0 82 71 61 6 159 0

-1,084 -173

-2,740 -194

-133 -234

-19 -27

501 591

-418 -168

-3,249 -3,264

685 681

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

0 6 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

2011

2012

2013

2014

2015

2016

2017

2018

987 270

1,158 297

925 281

866 255

584 230

644 214

714 187

674 159

1,219 274

1,611 322

691 227

452 182

1,261 178

381 88

450 109

241 45

Notes: Short-term debt data from 2007 are based on reports provided by the country.

131


EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

33,475 31,000 30,687 313 103 2,372 4

29,010 24,906 24,333 573 0 4,104 0

30,184 28,529 28,436 93 0 1,656 2

30,556 28,837 28,756 81 0 1,720 1

33,998 31,762 31,742 21 0 2,236 1

33,365 30,522 30,442 80 0 2,842 0

33,308 30,746 30,672 74 0 2,561 0

34,844 31,695 31,641 54 0 3,149 0

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

148 30,684 316 207

14 24,332 574 981

8 28,150 379 3,053

2 28,316 520 2,369

2 31,136 626 1,437

2 29,908 614 2,650

2 30,232 514 2,185

0 31,281 414 3,846

External debt flows Disbursements Long-term external debt IMF purchases

642 642 0

569 569 0

3,020 3,020 0

791 791 0

3,152 3,152 0

1,124 1,124 0

2,071 2,071 0

3,382 3,382 0

Principal repayments Long-term external debt IMF repurchases

988 894 94

1,100 1,100 0

1,573 1,573 0

1,626 1,626 0

2,014 2,014 0

2,311 2,311 0

2,040 2,040 0

2,106 2,106 0

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

92 -251 438

-720 -530 -189

1,383 1,447 -64

-770 -835 65

1,654 1,138 516

-579 -1,186 607

-250 31 -281

1,864 1,276 588

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

1,393 1,252 9 132

733 619 0 113

699 616 0 83

840 744 0 96

907 795 0 112

934 821 0 113

870 767 0 102

867 741 0 126

598 0

1,235 269

5,376 729

10,043 502

11,578 -3,199

9,495 -674

6,712 393

6,386 ..

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

.. 13.1 1.4 2.7 34.5

.. 13.8 1.2 2.1 39.8

32.6 12.5 1.9 1.8 38.1

35.1 12.1 2.0 1.9 35.8

35.5 10.6 1.8 1.7 36.1

34.3 13.3 1.3 1.8 35.1

35.4 12.7 1.3 1.7 34.1

31.2 13.1 1.1 1.7 38.3

3.1 22.0 6.6

4.7 21.7 5.9

5.2 18.8 7.6

4.5 21.3 7.1

2.2 16.5 6.5

3.0 21.6 6.0

1.4 21.3 7.0

0.9 25.7 6.7

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

1.3 3.7 2.4

5.1 6.4 1.4

6.0 16.6 16.4

60,300 14,838 3,226 19,123 228 -254 17,122

100,770 18,735 2,852 23,878 92 -971 13,785

89,432 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

189,138 45,601 7,150 56,910 2,101 -3,349 34,897

214,548 49,365 7,725 66,239 .. -4,435 37,029

225.6 55.5 16.0 7.1 12.0 51.1 10.7

154.8 28.8 9.8 14.1 13.5 47.5 6.9

93.9 33.8 7.1 5.5 16.8 72.4 7.3

77.9 28.3 6.3 5.6 18.1 85.1 7.4

71.3 25.8 6.1 6.6 21.9 94.8 7.0

57.7 20.3 5.6 8.5 22.3 102.9 6.0

73.0 17.6 6.4 7.7 25.3 104.8 7.4

70.6 16.2 6.0 9.0 25.9 106.3 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)

132


EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

31,000 30,687 28,934 4,022 1,320 1,035 24,912 1,753 0 560 313 0

24,906 24,333 23,794 3,915 639 1,266 19,879 540 0 317 573 100

28,529 28,436 25,662 5,076 492 1,420 20,585 2,774 1,829 798 93 0

28,837 28,756 26,437 5,536 544 1,481 20,901 2,318 1,576 608 81 0

31,762 31,742 28,772 7,443 1,181 1,490 21,328 2,970 2,199 665 21 0

30,522 30,442 27,855 7,446 1,255 1,444 20,409 2,588 2,184 314 80 0

30,746 30,672 28,372 8,412 1,850 1,400 19,959 2,301 1,883 333 74 0

31,695 31,641 27,863 9,019 2,543 1,338 18,844 3,778 3,333 374 54 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

642 642 602 392 42 83 209 40 0 31 0 0

569 362 218 168 6 49 50 144 0 132 207 0

3,020 3,020 1,061 873 97 69 188 1,958 1,250 707 0 0

791 791 729 578 108 57 151 62 0 60 0 0

3,152 3,151 2,414 2,230 723 13 183 738 643 83 0 0

1,124 1,054 957 686 143 11 271 97 0 93 70 0

2,071 2,062 1,965 1,513 684 2 452 97 0 97 9 0

3,382 3,377 1,772 1,362 777 10 410 1,605 1,500 104 5 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

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

1,573 1,573 1,346 427 77 41 919 227 0 201 0 0

1,626 1,625 1,354 370 66 42 984 271 0 254 1 0

2,014 1,953 1,869 669 97 47 1,199 84 0 36 61 0

2,311 2,300 1,831 573 77 50 1,259 469 0 437 11 0

2,040 2,021 1,909 619 89 52 1,290 112 0 86 20 0

2,106 2,080 2,014 589 83 54 1,425 66 0 46 25 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

1,252 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

616 612 545 136 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

821 818 705 259 58 11 446 112 85 24 3 0

767 765 645 230 55 10 414 120 112 7 2 0

741 740 572 200 41 10 372 168 157 8 1 0

976 92

-1,875 -720

-854 1,383

372 -770

3,442 1,654

-633 -579

-57 -250

1,536 1,864

309 54 0

22 25 0

1 0 0

1 0 0

1 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

2011

2012

2013

2014

2015

2016

2017

2018

3,111 599

3,714 550

3,430 490

3,047 424

3,021 362

2,735 310

1,585 267

1,625 234

323 317

506 275

60 240

57 209

1,304 152

50 95

40 94

34 93

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.

133


EL SALVADOR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,509 1,984 1,979 5 0 525 3

4,467 2,822 2,710 111 0 1,645 0

9,265 7,409 4,786 2,622 0 1,856 0

10,168 8,878 5,589 3,289 0 1,289 0

9,807 8,515 5,435 3,079 0 1,292 0

10,601 9,059 5,743 3,316 0 1,542 0

10,102 9,239 6,100 3,139 0 863 0

11,069 9,964 6,394 3,569 0 1,105 0

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

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 6,097 3,142 810

0 6,392 3,572 943

External debt flows Disbursements Long-term external debt IMF purchases

206 206 0

371 371 0

1,222 1,222 0

1,643 1,643 0

251 251 0

1,042 1,042 0

1,216 1,216 0

1,055 1,055 0

Principal repayments Long-term external debt IMF repurchases

160 160 0

157 157 0

405 405 0

671 671 0

550 550 0

488 488 0

685 685 0

602 602 0

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

383 46 337

807 214 592

894 817 77

405 972 -567

-296 -299 3

804 554 250

-148 531 -679

694 452 242

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

120 98 0 22

212 139 0 73

445 344 0 101

564 464 0 100

539 466 0 74

518 484 0 34

491 475 0 15

477 464 0 13

38 0

173 0

55 ..

18 ..

105 ..

371 ..

231 ..

-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

.. 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

2.8 5.2 0.0 0.0 86.5

6.5 22.3 5.2

7.2 18.6 4.0

5.1 18.8 2.2

6.0 18.3 4.0

5.6 21.9 3.3

5.5 10.7 3.3

2.5 24.8 4.9

2.2 19.8 3.9

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

0.0 0.0 0.0

9,404 2,094 1,064 3,744 0 -262 940

12,881 3,803 1,765 6,031 60 -431 1,901

16,491 4,585 3,030 8,242 181 -622 1,890

18,123 5,033 3,485 9,270 91 -766 1,963

19,801 5,512 3,712 10,474 159 -1,217 2,304

21,571 5,940 3,758 11,219 39 -1,532 2,646

20,437 4,869 3,405 8,615 172 -304 3,122

20,815 5,672 3,449 9,759 102 -488 2,897

119.8 26.7 13.4 20.9 54.7 37.5 3.0

117.5 34.7 9.7 36.8 42.5 42.6 3.8

202.1 56.2 18.5 20.0 26.2 20.4 2.8

202.0 56.1 24.5 12.7 24.7 19.3 2.5

177.9 49.5 19.8 13.2 25.6 23.5 2.6

178.5 49.1 16.9 14.5 26.1 25.0 2.8

207.5 49.4 24.1 8.5 31.4 30.9 4.3

195.1 53.2 19.0 10.0 31.9 26.2 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)

134


EL SALVADOR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

9,239 6,100 3,836 3,170 569 9 666 2,264 2,174 66 3,139 0

9,964 6,394 4,175 3,526 915 8 648 2,220 2,199 0 3,569 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

206 206 201 165 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

1,216 910 910 905 228 0 5 0 0 0 306 0

1,055 707 707 707 408 0 0 0 0 0 348 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

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

602 453 386 341 63 1 44 68 0 66 149 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

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

475 373 139 124 16 0 15 235 232 3 102 0

464 349 117 101 13 0 15 233 232 1 115 0

412 383

778 807

748 894

903 405

-361 -296

794 804

-499 -148

967 694

0 0 0

0 17 0

0 0 0

0 0 0

0 0 0

0 3 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

2011

2012

2013

2014

2015

2016

2017

2018

478 137

392 122

268 109

274 98

282 89

289 79

281 70

268 61

1,176 330

679 271

605 235

359 214

289 197

219 184

184 173

145 164

Notes: Data on long-term private nonguaranteed debt for 2010 are World Bank staff estimates based on reports provided by the country.

135


ERITREA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

859 856 856 0 0 4 4

961 957 957 0 0 4 4

1,019 1,013 1,013 0 0 6 6

1,010 1,003 1,003 0 0 7 7

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

21 1,003 0 0

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

8 8 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

12 12 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

-4 -4 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

10 10 0 0

.. ..

28 ..

-1 ..

0 ..

0 ..

0 ..

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 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

4.0 0.0 0.0 0.0 67.4

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

0.0 0.0 0.0

0.0 0.0 0.0

586 142 .. 498 0 -31 40

634 107 3 510 4 -105 36

1,089 .. .. .. .. .. 28

1,202 .. .. .. .. .. 25

1,311 .. .. .. .. .. 34

1,368 .. .. .. .. .. 58

1,839 .. .. .. .. .. 90

2,097 .. .. .. .. .. 114

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

.. 66.5 .. 0.2 70.4 3.9 ..

.. 65.3 .. 0.5 71.6 3.2 ..

.. 65.6 .. 0.4 71.3 4.0 ..

.. 70.3 .. 0.5 66.9 6.0 ..

.. 55.4 .. 0.6 64.5 8.8 ..

.. 48.2 .. 0.7 64.5 11.3 ..

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)

136


ERITREA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,003 1,003 965 651 0 468 313 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

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

8 8 8 8 0 4 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 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

12 12 12 8 0 4 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

10 10 10 5 0 4 5 0 0 0 0 0

8 7

47 50

19 59

60 32

74 40

102 98

57 46

-9 -4

0 0 0

0 0 0

0 0 0

0 0 0

17 6 0

21 0 0

5 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

2011

2012

2013

2014

2015

2016

2017

2018

72 12

72 10

71 9

46 8

39 7

35 7

36 6

34 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 2010 are World Bank staff estimates.

137


ETHIOPIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,030 4,817 4,817 0 168 45 32

7,147 6,545 6,545 0 288 314 30

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 1,234

373 4,817 0 1,539

364 6,545 0 2,619

External debt flows Disbursements Long-term external debt IMF purchases

232 232 0

185 185 0

527 527 0

370 370 0

376 376 0

379 379 0

2,310 2,145 165

1,882 1,760 122

Principal repayments Long-term external debt IMF repurchases

92 92 0

85 72 13

40 36 4

89 89 0

88 88 0

72 72 0

62 62 0

130 130 0

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

133 140 -8

90 114 -11

478 491 -9

237 281 -44

265 289 -23

309 307 1

2,244 2,084 -5

2,023 1,630 271

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

63 61 0 1

53 52 0 1

54 49 1 3

49 47 0 3

45 44 0 1

40 39 0 1

42 40 0 1

62 50 0 13

14 ..

135 ..

265 ..

545 ..

222 ..

109 ..

221 ..

184 ..

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

.. 0.4 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 58.3

16.9 0.1 0.0 0.0 55.3

8.5 0.0 0.0 0.0 68.8

10.1 0.0 0.0 0.0 70.3

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

2.8 25.5 6.2

1.3 31.4 8.7

1.7 27.3 8.0

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

4.7 6.6 2.9

4.5 10.2 2.9

2.0 13.3 1.0

7,545 836 27 1,533 0 39 815

8,119 1,008 53 1,673 9 13 363

12,271 1,973 174 4,943 21 -1,568 1,043

15,126 2,254 172 5,314 24 -1,786 867

19,567 2,729 358 6,945 18 -828 1,290

26,662 3,552 387 9,653 17 -1,806 871

31,921 3,440 262 9,089 18 -2,191 1,781

29,625 .. 225 .. .. .. ..

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 13.4 4.9 1.9 52.5 49.2 2.2

81.1 10.8 3.1 1.7 55.7 30.2 1.1

146.2 15.8 3.0 0.9 46.0 35.4 2.4

.. 24.1 .. 4.4 39.3 .. ..

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)

138


ETHIOPIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,817 4,817 3,556 2,313 0 1,422 1,243 1,260 0 0 0 0

6,545 6,545 4,638 2,812 0 1,804 1,825 1,907 0 300 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

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

376 376 376 272 0 132 104 0 0 0 0 0

379 379 379 285 0 160 95 0 0 0 0 0

2,145 2,145 1,098 756 0 553 341 1,048 0 0 0 0

1,760 1,760 1,021 504 0 389 518 739 0 305 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

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

130 130 39 32 0 4 7 91 0 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

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 33 19 0 8 14 8 0 0 0 0

50 50 35 23 0 11 12 15 0 1 0 0

244 133

-62 90

-455 478

-3,931 237

343 265

259 309

2,151 2,244

2,118 2,023

30 8 0

0 0 0

168 452 0

0 4,357 0

0 13 0

0 31 0

0 0 0

0 11 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

2011

2012

2013

2014

2015

2016

2017

2018

130 68

142 77

162 82

207 86

281 86

303 83

342 79

354 74

231 35

236 35

252 32

246 29

230 24

209 19

185 16

185 13

Notes: Ethiopia was granted debt relief effective in 2006 under MDRI.

139


FIJI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

369.3 347.0 347.0 0.0 0.0 22.3 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

452.2 391.1 390.6 0.5 0.0 61.1 0.1

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

0.0 163.2 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

0.0 317.7 73.4 131.2

External debt flows Disbursements Long-term external debt IMF purchases

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

32.6 32.6 0.0

Principal repayments Long-term external debt IMF repurchases

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

7.6 7.6 0.0

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

-17.1 -16.0 -1.1

-9.8 -9.8 0.0

-47.5 5.5 -53.0

166.2 155.2 11.0

13.2 2.2 11.0

2.6 5.6 -3.0

56.5 5.5 51.0

15.9 24.9 -9.0

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

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

16.9 16.1 0.0 0.8

16.1 15.8 0.0 0.3

15.0 14.4 0.0 0.6

14.2 13.3 0.0 0.9

70.0 0.0

0.6 0.0

155.7 1.7

412.4 -3.0

337.8 4.2

309.4 1.4

56.1 -1.1

128.9 ..

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

.. 0.0 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

0.5 4.8 0.0 0.0 80.6

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

0.7 31.6 8.1

1.0 15.3 3.8

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

0.0 0.0 0.0

1931.1 1139.1 32.9 1254.7 83.7 -112.7 349.3

1717.4 1023.2 44.0 .. 0.0 .. 412.0

3050.1 1615.3 185.1 2088.3 114.7 -299.8 321.3

2982.2 1546.6 184.7 2343.1 162.5 -599.0 313.3

3304.9 1653.0 160.5 2316.6 116.9 -482.0 528.3

3537.2 1922.3 123.4 2749.6 56.9 -644.8 322.2

2829.1 1393.5 153.8 1809.8 30.3 -236.0 570.0

2983.4 .. 183.3 .. .. .. 720.5

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 ..

11.5 6.1 0.9 0.2 49.5 173.0 1.8

22.9 11.9 0.9 3.4 27.3 88.5 1.6

22.3 11.2 1.6 6.0 27.5 143.1 2.7

19.8 10.7 1.2 5.1 28.6 84.8 1.4

31.0 15.3 1.8 16.2 24.0 132.0 3.8

.. 15.2 .. 13.5 25.6 159.3 ..

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


FIJI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

391.1 390.6 240.6 115.6 0.0 0.0 125.0 150.0 150.0 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

15.2 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

32.6 32.6 32.6 16.7 0.0 0.0 15.9 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

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

7.6 7.6 7.6 6.2 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

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

13.3 13.3 3.0 1.2 0.0 0.0 1.8 10.3 10.3 0.0 0.0 0.0

-12.8 -17.1

-19.0 -9.8

-60.2 -47.5

168.5 166.2

15.1 13.2

10.6 2.6

51.8 56.5

20.5 15.9

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 2.2 0.0

0.0 0.0 0.0

0.0 4.1 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

2011

2012

2013

2014

2015

2016

2017

2018

87.8 5.7

15.1 4.1

18.1 3.9

18.2 3.7

19.6 3.5

25.3 3.2

24.7 2.8

23.9 2.5

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

0.0 0.0

141


GABON (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,361 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

2,331 2,158 2,158 0 0 174 6

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

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

9 2,158 0 702

External debt flows Disbursements Long-term external debt IMF purchases

279 222 57

51 34 17

18 18 0

87 87 0

1,089 1,089 0

108 108 0

260 260 0

482 482 0

Principal repayments Long-term external debt IMF repurchases

216 165 52

198 188 10

136 111 25

128 114 14

2,280 2,246 34

642 617 25

315 315 0

307 307 0

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

14 57 -49

-363 -154 -216

-58 -93 60

-11 -27 30

-1,066 -1,157 125

-641 -509 -107

-60 -55 -5

240 175 65

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

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

138 133 0 5

-315 0

-43 0

242 0

268 0

269 0

209 0

33 0

170 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

.. 0.9 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

26.1 0.2 0.4 0.0 54.7

4.7 13.0 5.9

0.0 9.7 0.7

1.4 16.8 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

1.3 18.7 6.5

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 10.6 7.1

4.9 7.8 2.3

3.1 6.3 1.6

2.7 8.7 2.1

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

8,187 .. .. .. .. .. 1,122

10,082 .. .. .. .. .. 1,238

12,684 .. .. .. .. .. 1,935

9,874 .. .. .. .. .. 1,993

11,467 .. .. .. .. .. 1,736

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

.. 51.1 .. 10.4 9.7 26.8 ..

.. 28.2 .. 7.8 14.3 43.5 ..

.. 17.1 .. 5.4 17.5 89.0 ..

.. 21.6 .. 5.1 18.8 93.6 ..

.. 20.3 .. 7.5 16.5 74.5 ..

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)

142


GABON (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,158 2,158 905 384 22 0 521 1,253 879 356 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

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

260 260 147 74 4 0 73 113 0 107 0 0

482 482 195 67 7 0 128 287 0 236 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

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

315 315 231 59 6 0 173 83 44 24 0 0

307 307 187 75 2 0 112 120 23 39 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

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

133 133 34 11 0 0 23 99 74 25 0 0

189 14

-83 -363

-183 -58

310 -11

-1,342 -1,066

-672 -641

-43 -60

201 240

472 41 0

637 0 0

407 0 0

0 0 0

0 89 2,100

0 9 428

0 0 44

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

2011

2012

2013

2014

2015

2016

2017

2018

186 27

128 23

96 22

92 22

114 22

114 20

120 18

119 16

119 97

180 103

180 101

155 96

151 91

140 85

988 81

75 6

Notes: Data on long-term public and publicly guaranteed debt before 2008 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.

143


GAMBIA, THE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

426.1 385.5 385.5 0.0 25.8 14.8 0.7

483.4 438.0 438.0 0.0 18.1 27.3 0.0

659.8 616.5 616.5 0.0 20.8 22.4 1.4

710.1 674.4 674.4 0.0 17.8 17.9 0.9

692.0 664.0 664.0 0.0 6.3 21.6 0.6

365.1 336.8 336.8 0.0 12.3 15.9 1.9

459.6 387.6 387.6 0.0 28.6 43.4 2.4

470.2 394.8 394.8 0.0 31.1 44.2 2.2

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

2.2 385.3 0.2 40.3

2.1 438.0 0.0 24.5

19.3 616.5 0.0 53.8

21.8 674.4 0.0 28.6

15.0 664.0 0.0 47.3

13.9 336.8 0.0 59.3

20.3 387.6 0.0 29.8

38.2 394.8 0.0 5.0

External debt flows Disbursements Long-term external debt IMF purchases

23.0 23.0 0.0

29.7 20.7 9.1

54.3 54.3 0.0

51.4 51.4 0.0

46.0 39.9 6.1

43.6 37.3 6.3

49.3 33.5 15.8

46.9 43.9 3.0

Principal repayments Long-term external debt IMF repurchases

21.7 15.5 6.2

14.3 12.7 1.6

18.1 16.1 2.0

20.8 16.8 4.0

23.7 20.1 3.7

10.3 10.3 0.0

11.3 11.3 0.0

12.5 12.5 0.0

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

-7.6 7.5 -8.8

20.6 8.0 5.2

33.2 38.3 -3.0

26.6 34.7 -4.0

26.2 19.8 4.0

26.3 27.0 -7.0

64.9 22.2 27.0

35.4 31.4 1.0

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

6.3 5.2 0.2 0.9

7.3 6.0 0.1 1.2

10.4 9.4 0.1 0.9

9.2 8.3 0.1 0.9

9.9 8.8 0.1 1.0

6.8 5.8 0.1 0.9

7.5 7.0 0.1 0.4

7.1 6.6 0.0 0.5

7.8 ..

.. ..

53.7 ..

82.2 ..

78.1 ..

78.6 ..

39.4 ..

37.4 ..

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 6.3 0.2 43.5

.. 0.0 4.8 0.0 51.2

3.5 0.0 2.7 0.0 55.2

3.3 0.0 2.4 0.0 54.2

3.6 0.0 2.3 0.0 48.0

5.2 0.0 0.0 0.0 50.8

5.0 0.0 0.0 0.0 46.6

5.9 0.0 0.0 0.0 47.1

3.5 21.3 6.2

1.7 27.4 6.8

2.8 30.1 7.6

0.2 29.2 8.6

2.4 25.2 7.6

1.9 25.0 6.2

0.6 24.1 6.4

0.2 25.0 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

4.7 12.4 2.4

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

377.1 181.0 .. 241.4 .. -8.2 106.1

400.4 .. .. .. .. .. 109.4

417.8 189.8 59.3 305.0 26.9 -43.4 98.3

459.7 205.5 63.8 358.7 32.9 -65.6 120.6

596.7 271.2 55.7 419.8 38.4 -58.4 142.8

776.0 335.8 64.8 407.4 42.8 10.9 116.5

690.3 290.0 79.8 362.3 11.7 63.0 224.2

742.9 270.0 115.7 330.3 11.5 52.4 201.6

235.4 113.0 15.5 3.5 76.6 24.9 5.3

.. 120.7 .. 5.7 71.1 22.6 ..

347.7 157.9 15.0 3.4 76.1 14.9 3.9

345.6 154.5 14.6 2.5 78.0 17.0 4.0

255.1 116.0 12.4 3.1 78.9 20.6 4.1

108.7 47.0 5.1 4.4 59.3 31.9 3.4

158.4 66.6 6.5 9.4 58.5 48.8 7.4

174.1 63.3 7.2 9.4 56.7 42.9 7.3

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)

144


GAMBIA, THE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

385.5 385.5 385.2 326.2 0.0 161.6 59.0 0.2 0.0 0.0 0.0 0.0

438.0 438.0 437.0 343.8 0.0 170.7 93.2 1.0 0.0 0.9 0.0 0.0

616.5 616.5 616.5 502.3 0.0 244.9 114.2 0.0 0.0 0.0 0.0 0.0

674.4 674.4 674.4 553.6 0.0 263.5 120.8 0.0 0.0 0.0 0.0 0.0

664.0 664.0 664.0 545.9 0.0 218.9 118.1 0.0 0.0 0.0 0.0 0.0

336.8 336.8 334.3 216.6 0.0 61.9 117.7 2.5 0.0 2.5 0.0 0.0

387.6 387.6 384.2 268.7 0.0 64.3 115.5 3.4 0.0 3.4 0.0 0.0

394.8 394.8 385.2 266.7 0.0 65.0 118.5 9.6 0.0 9.6 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

23.0 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

54.3 54.3 54.3 47.1 0.0 18.9 7.2 0.0 0.0 0.0 0.0 0.0

51.4 51.4 51.4 41.3 0.0 11.7 10.1 0.0 0.0 0.0 0.0 0.0

39.9 39.9 39.9 31.1 0.0 1.1 8.7 0.0 0.0 0.0 0.0 0.0

37.3 37.3 35.8 31.3 0.0 2.4 4.5 1.5 0.0 1.5 0.0 0.0

33.5 33.5 32.7 29.5 0.0 2.4 3.3 0.8 0.0 0.8 0.0 0.0

43.9 43.9 37.4 24.4 0.0 2.2 13.1 6.4 0.0 6.4 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

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

16.1 16.1 15.8 10.1 0.0 3.3 5.7 0.3 0.0 0.3 0.0 0.0

16.8 16.8 16.8 11.2 0.0 4.3 5.6 0.0 0.0 0.0 0.0 0.0

20.1 20.1 20.1 14.4 0.0 5.0 5.6 0.0 0.0 0.0 0.0 0.0

10.3 10.3 10.3 6.3 0.0 0.1 4.0 0.0 0.0 0.0 0.0 0.0

11.3 11.3 11.3 7.1 0.0 0.3 4.3 0.0 0.0 0.0 0.0 0.0

12.5 12.5 12.5 5.9 0.0 0.3 6.5 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

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

9.4 9.4 9.4 5.2 0.0 1.9 4.2 0.0 0.0 0.0 0.0 0.0

8.3 8.3 8.3 5.0 0.0 2.0 3.3 0.0 0.0 0.0 0.0 0.0

8.8 8.8 8.8 5.1 0.0 2.0 3.7 0.0 0.0 0.0 0.0 0.0

5.8 5.8 5.8 3.0 0.0 0.5 2.8 0.0 0.0 0.0 0.0 0.0

7.0 7.0 7.0 4.4 0.0 0.5 2.7 0.0 0.0 0.0 0.0 0.0

6.6 6.6 6.6 3.5 0.0 0.5 3.1 0.0 0.0 0.0 0.0 0.0

3.1 -7.6

18.7 20.6

-13.4 33.2

50.3 26.6

-18.1 26.2

-326.9 26.3

94.5 64.9

10.6 35.4

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

7.4 228.4 0.0

24.0 0.0 0.0

20.8 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

2011

2012

2013

2014

2015

2016

2017

2018

20.9 6.0

21.6 6.1

23.1 6.0

25.6 5.8

28.0 5.5

26.4 5.1

26.3 4.7

25.7 4.3

2.2 0.3

2.2 0.3

2.2 0.3

2.2 0.2

2.2 0.2

2.2 0.1

2.2 0.1

2.2 0.1

Notes: Data on long-term public and publicly guaranteed debt for 2009 have been revised based on reports provided by the country.

145


GEORGIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,297 1,625 1,466 159 236 436 7

2,610 1,784 1,544 241 252 574 7

7,352 5,943 2,914 3,029 460 948 7

8,270 6,676 3,470 3,207 786 808 7

9,238 7,224 4,081 3,143 1,050 963 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 2,914 3,029 812

28 3,470 3,207 781

28 4,081 3,143 964

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

1,488 1,147 341

1,487 1,190 297

Principal repayments Long-term external debt IMF repurchases

0 0 0

68 42 26

157 103 54

234 185 49

143 103 40

458 423 35

502 474 28

532 510 22

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

-272 98 -446

33 23 36

-30 43 -60

372 -10 389

231 89 138

1,065 470 374

846 673 -140

1,111 680 156

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

20 17 3 0

49 43 5 1

30 27 1 2

39 31 1 7

49 31 1 17

252 223 2 27

280 248 7 25

281 245 12 25

.. ..

131 0

453 3

1,170 143

1,750 34

1,564 118

658 13

814 -20

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

9.2 2.0 0.0 0.0 81.3

8.0 1.6 0.0 0.0 80.0

8.1 1.4 0.0 0.0 80.4

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

1.0 30.9 7.8

2.3 20.0 5.4

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

7.5 5.0 5.0

0.0 0.0 0.0

9.9 5.0 5.0

2,574 .. .. .. .. .. 199

3,175 844 274 1,248 0 -269 116

6,473 2,451 346 3,520 116 -710 479

7,909 2,893 485 4,592 94 -1,176 931

10,210 3,664 695 6,363 298 -2,009 1,361

12,642 4,183 732 8,159 361 -2,916 1,480

10,679 3,630 714 5,808 263 -1,210 2,110

11,484 4,480 806 6,909 471 -1,333 2,264

.. 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

79.4 29.0 9.4 19.0 39.4 40.5 2.4

71.2 25.6 5.2 22.0 38.9 52.2 2.6

175.8 58.2 17.0 12.9 16.2 20.1 2.2

227.8 77.4 21.5 9.8 18.6 25.5 4.4

206.2 80.4 18.1 10.4 19.5 24.5 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


GEORGIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,943 2,914 1,720 1,190 0 989 530 1,194 500 692 3,029 0

6,676 3,470 2,095 1,535 100 1,153 560 1,375 500 874 3,207 0

7,224 4,081 2,390 1,802 173 1,186 588 1,691 750 940 3,143 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

1,147 678 427 385 100 168 42 250 0 250 469 0

1,190 815 401 346 73 67 55 414 250 164 375 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

423 110 40 19 0 10 21 70 0 69 314 0

474 140 70 52 0 12 18 70 0 69 334 0

510 169 71 52 0 15 19 97 0 97 342 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

223 52 25 13 0 7 12 27 19 8 171 0

248 74 29 13 1 7 16 45 38 8 174 0

245 84 37 12 1 8 25 47 38 10 160 0

-210 -272

-16 33

-156 -30

388 372

313 231

4,742 1,065

919 846

967 1,111

0 0 0

0 0 0

57 0 0

44 109 0

0 2 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

2011

2012

2013

2014

2015

2016

2017

2018

51 34

51 37

60 39

81 39

99 38

107 37

119 35

138 34

509 242

533 219

1,029 176

526 134

765 110

477 63

477 41

498 17

Notes: Data on long-term public and publicly guaranteed debt and long-term private nonguaranteed debt from 2008 to 2010 are World Bank staff estimates based on reports provided by the country.

147


GHANA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,495 4,227 4,200 27 648 620 26

6,116 5,251 4,994 257 293 572 10

6,780 5,776 5,776 0 417 587 9

3,320 2,019 2,019 0 159 1,143 19

4,855 3,424 3,424 0 167 1,264 9

5,382 3,873 3,873 0 162 1,347 9

6,331 4,737 4,737 0 271 1,323 41

8,368 5,727 5,727 0 392 2,249 13

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

86 4,200 27 620

25 4,994 257 453

19 5,776 0 352

40 2,019 0 571

25 3,424 0 1,404

23 3,873 0 2,652

27 4,737 0 1,227

37 5,727 0 2,900

External debt flows Disbursements Long-term external debt IMF purchases

570 528 42

397 362 35

516 477 39

635 519 116

1,413 1,413 0

598 598 0

1,022 918 104

1,280 1,155 124

Principal repayments Long-term external debt IMF repurchases

292 184 108

254 217 37

186 155 32

153 153 0

97 97 0

85 85 0

101 101 0

120 120 0

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

349 344 71

7 144 -136

220 322 -109

1,029 366 546

1,446 1,315 131

596 513 83

865 817 -56

2,114 1,036 954

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

95 57 10 28

134 95 1 38

96 73 2 21

84 55 0 29

82 49 1 32

145 112 1 32

131 99 1 31

200 144 0 56

107 0

166 0

145 0

636 0

855 0

1,220 0

1,685 0

2,527 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

.. 14.0 5.2 0.3 59.9

.. 16.2 2.1 0.1 67.6

3.1 0.0 0.0 0.0 78.8

10.6 0.0 0.1 0.1 55.2

9.7 0.0 0.0 0.1 64.3

10.7 0.0 0.0 0.1 62.9

12.8 0.0 0.0 0.0 60.6

13.3 0.0 0.0 0.0 60.1

1.5 34.8 9.4

1.4 34.7 8.9

0.8 43.0 10.3

1.0 35.0 8.4

1.3 25.9 6.2

1.9 22.6 5.6

1.2 28.1 7.4

1.3 27.5 7.6

6.4 6.6 1.3

6.2 10.2 2.7

0.8 40.2 10.7

3.0 11.6 2.1

8.5 10.1 10.0

4.7 10.7 2.6

2.7 14.0 2.4

1.9 18.4 5.3

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

20,261 5,183 105 8,474 92 -1,043 2,269

24,494 6,088 117 10,283 135 -2,151 ..

28,268 7,156 126 12,911 172 -3,543 ..

25,871 7,711 114 11,387 241 -1,598 ..

30,776 9,490 136 14,513 396 -2,700 ..

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

171.6 64.0 7.1 8.7 74.4 28.0 3.3

64.1 16.4 4.6 34.4 37.2 68.3 3.2

79.7 19.8 2.9 26.0 31.7 .. ..

75.2 19.0 3.2 25.0 34.3 .. ..

82.1 24.5 3.0 20.9 34.8 .. ..

88.2 27.2 3.4 26.9 31.3 .. ..

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)

148


GHANA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,776 5,776 5,361 5,045 0 4,234 316 415 0 264 0 0

2,019 2,019 1,583 1,234 0 815 349 435 0 287 0 0

3,424 3,424 2,165 1,538 0 1,087 627 1,259 750 321 0 0

3,873 3,873 2,561 1,843 0 1,330 718 1,311 750 334 0 0

4,737 4,737 3,206 2,203 0 1,581 1,002 1,531 750 567 0 0

5,727 5,727 3,980 2,620 0 1,868 1,360 1,747 750 796 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

528 528 414 284 0 242 130 115 0 64 0 0

362 362 340 223 0 204 117 22 0 14 0 0

477 477 425 404 0 305 21 51 0 47 0 0

519 519 479 335 0 266 143 40 0 29 0 0

1,413 1,413 567 274 0 231 293 846 750 44 0 0

598 598 485 355 0 257 130 113 0 58 0 0

918 918 658 353 0 241 305 259 0 254 0 0

1,155 1,155 844 446 0 308 398 311 0 296 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

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

153 153 115 43 0 8 73 37 0 21 0 0

97 97 50 29 0 1 21 47 0 29 0 0

85 85 45 22 0 1 23 40 0 33 0 0

101 101 44 18 0 2 26 57 0 34 0 0

120 120 59 19 0 3 40 60 0 41 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

57 55 50 40 6 17 10 5 0 0 2 0

95 80 64 39 1 22 26 16 0 4 14 14

73 73 55 42 0 31 13 17 0 11 0 0

55 55 39 29 0 18 9 16 0 11 0 0

49 49 29 17 0 8 12 21 0 15 0 0

112 112 28 18 0 9 11 84 64 14 0 0

99 99 43 18 0 10 25 56 32 16 0 0

144 144 58 20 0 12 38 86 64 17 0 0

394 349

-304 7

-284 220

-3,460 1,029

1,535 1,446

527 596

949 865

2,038 2,114

0 0 0

0 0 0

0 94 0

7 4,649 0

0 0 0

0 15 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

2011

2012

2013

2014

2015

2016

2017

2018

279 61

320 66

314 68

302 66

311 63

205 60

212 57

224 53

111 101

150 117

147 118

148 117

143 114

185 111

980 107

224 38

Notes: Long-term private nonguaranteed debt data only cover Bonds. Ghana was granted debt relief effective in 2006 under MDRI.

149


GRENADA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

405.9 391.3 391.3 0.0 8.4 6.3 4.3

499.1 454.8 454.8 0.0 9.5 34.8 5.8

537.2 480.5 480.5 0.0 7.7 49.0 12.0

553.8 480.6 480.6 0.0 13.0 60.2 11.2

558.6 497.2 497.2 0.0 23.0 38.3 13.3

576.0 494.8 494.8 0.0 29.1 52.1 25.1

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

20.8 112.4 0.0 17.0

10.6 179.8 0.0 97.4

9.5 391.3 0.0 22.5

10.5 454.8 0.0 35.4

13.4 480.5 0.0 32.8

21.1 480.6 0.0 22.3

26.4 497.2 0.0 24.0

27.6 494.8 0.0 17.3

External debt flows Disbursements Long-term external debt IMF purchases

4.9 4.9 0.0

77.6 77.6 0.0

38.5 38.5 0.0

35.0 32.7 2.3

24.3 24.3 0.0

39.1 30.5 8.5

37.6 25.6 12.0

27.5 21.1 6.4

Principal repayments Long-term external debt IMF repurchases

5.6 5.6 0.0

10.1 10.1 0.0

5.6 5.6 0.0

7.4 5.8 1.6

8.4 6.2 2.2

10.8 7.9 2.9

11.3 9.1 2.3

14.3 14.3 0.0

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

-1.7 -0.8 -1.0

63.4 67.5 -4.1

-28.1 32.9 -61.0

54.6 27.0 27.0

23.8 18.1 8.0

40.3 22.7 12.0

2.2 16.5 -24.0

15.2 6.8 2.0

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

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

10.2 8.6 0.4 1.3

9.7 8.3 0.2 1.3

11.7 11.1 0.1 0.5

11.2 10.9 0.0 0.3

20.0 ..

37.4 ..

70.2 ..

89.8 ..

156.6 ..

142.2 ..

102.6 ..

63.6 ..

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 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 92.4

0.3 0.0 0.0 0.0 92.2

0.3 0.0 0.7 0.0 91.0

0.3 0.0 0.7 0.0 90.4

0.3 0.0 0.6 0.0 91.0

2.6 28.2 5.6

3.8 24.4 7.2

2.8 26.9 5.3

1.8 30.7 9.7

2.6 27.5 7.5

2.6 19.5 3.3

2.6 25.7 6.8

3.1 21.6 5.9

0.0 0.0 0.0

5.0 12.5 7.2

0.0 0.0 0.0

5.3 5.1 3.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

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 -226.7 100.0

567.3 202.6 54.8 493.1 35.7 -264.3 110.6

632.6 197.9 55.4 509.5 35.5 -274.5 105.3

578.0 183.8 53.4 435.4 55.4 -214.0 129.1

583.3 178.0 54.5 440.5 35.4 -218.2 119.2

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

253.2 77.2 6.6 1.6 27.3 23.2 2.6

284.3 93.2 8.8 7.0 25.7 20.0 2.7

265.1 94.7 9.2 9.1 28.2 20.6 2.7

279.9 87.5 10.4 10.9 31.1 19.0 2.5

304.0 96.6 12.5 6.9 33.3 23.1 3.6

323.6 98.7 14.3 9.0 33.0 20.7 3.2

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)

150


GRENADA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

391.3 391.3 172.4 110.9 10.1 22.9 61.4 218.9 214.3 2.4 0.0 0.0

454.8 454.8 206.0 128.5 9.0 27.8 77.5 248.7 239.4 8.8 0.0 0.0

480.5 480.5 232.6 151.3 12.0 34.8 81.3 247.9 239.4 8.3 0.0 0.0

480.6 480.6 260.7 172.5 11.5 36.6 88.2 219.9 210.3 8.3 0.0 0.0

497.2 497.2 277.3 185.7 10.8 39.4 91.6 219.9 210.3 8.3 0.0 0.0

494.8 494.8 279.2 189.8 14.2 44.0 89.4 215.6 210.3 4.0 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

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

32.7 32.7 25.5 20.5 0.1 4.0 5.0 7.3 0.0 7.3 0.0 0.0

24.3 24.3 24.3 24.3 4.3 6.0 0.0 0.0 0.0 0.0 0.0 0.0

30.5 30.5 30.5 27.8 0.9 2.5 2.7 0.0 0.0 0.0 0.0 0.0

25.6 25.6 25.6 20.1 0.7 2.9 5.5 0.0 0.0 0.0 0.0 0.0

21.1 21.1 21.1 20.4 5.1 5.6 0.7 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

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

5.6 5.6 5.3 3.7 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

7.9 7.9 7.9 6.2 1.4 0.4 1.7 0.0 0.0 0.0 0.0 0.0

9.1 9.1 9.1 7.2 1.5 0.3 1.9 0.0 0.0 0.0 0.0 0.0

14.3 14.3 9.9 6.8 1.7 0.3 3.1 4.4 0.0 4.4 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

1.7 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

8.6 8.6 5.6 3.9 0.5 0.2 1.6 3.0 2.3 0.7 0.0 0.0

8.3 8.3 5.6 4.3 0.6 0.3 1.3 2.6 2.1 0.6 0.0 0.0

11.1 11.1 5.8 4.6 0.5 0.3 1.2 5.4 5.1 0.2 0.0 0.0

10.9 10.9 5.7 4.2 0.4 0.3 1.5 5.2 5.1 0.1 0.0 0.0

-2.0 -1.7

65.6 63.4

-26.0 -28.1

93.2 54.6

38.1 23.8

16.6 40.3

4.8 2.2

17.4 15.2

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

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

2011

2012

2013

2014

2015

2016

2017

2018

18.0 6.5

15.2 6.4

28.6 6.2

12.5 5.6

14.6 5.3

13.9 4.9

13.9 4.5

13.4 4.2

2.9 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

0.0 39.7

151


GUATEMALA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,282 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

13,764 12,538 4,894 7,644 0 1,226 0

14,340 12,745 5,527 7,218 0 1,595 0

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

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 4,894 7,644 1,532

0 5,527 7,218 275

External debt flows Disbursements Long-term external debt IMF purchases

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

1,442 1,442 0

Principal repayments Long-term external debt IMF repurchases

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

913 913 0

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

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

898 529 369

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

145 113 0 32

202 152 0 50

550 497 0 53

634 575 0 59

739 668 0 70

747 672 0 75

665 622 0 43

674 618 0 56

75 ..

230 ..

509 ..

592 ..

745 ..

754 ..

600 ..

687 ..

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 0.5 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

1.3 3.8 0.0 0.0 91.2

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 19.4 3.9

4.3 20.1 4.0

1.6 23.2 6.3

3.7 28.2 4.8

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

14,498 2,870 358 3,933 95 -572 783

19,065 4,077 596 5,991 248 -1,050 1,806

26,726 7,069 3,067 11,886 370 -1,241 3,777

29,551 8,036 3,700 13,828 608 -1,524 4,055

33,270 9,270 4,236 15,910 819 -1,786 4,315

38,199 10,264 4,460 17,052 886 -1,681 4,654

36,569 9,572 4,019 14,190 951 8 5,205

39,990 11,070 4,229 16,716 997 -826 5,949

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

155.4 41.1 17.8 13.2 18.3 34.4 3.8

153.2 41.6 18.2 12.0 19.7 32.9 3.5

157.2 43.8 19.1 13.8 19.7 29.6 3.3

143.9 38.7 17.1 14.6 20.5 31.5 3.3

143.8 37.6 17.6 8.9 26.0 37.8 4.4

129.5 35.9 14.3 11.1 29.4 41.5 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)

152


GUATEMALA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

12,538 4,894 3,939 3,583 1,112 0 356 955 955 0 7,644 5

12,745 5,527 4,572 4,213 1,372 0 359 955 955 0 7,218 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

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

1,442 879 879 858 335 0 21 0 0 0 563 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

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

913 263 263 227 75 0 36 0 0 0 651 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

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

622 257 169 160 41 0 9 88 88 0 365 0

618 283 195 187 51 0 8 88 88 0 335 0

175 140

72 56

1,265 1,316

1,326 1,844

2,262 2,234

202 175

-1,007 -1,010

575 898

0 0 0

0 0 0

0 0 0

0 538 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

2011

2012

2013

2014

2015

2016

2017

2018

287 118

277 112

283 105

313 98

317 91

318 84

323 77

327 69

2,187 336

1,664 198

1,306 152

810 115

592 87

493 64

395 46

391 37

Notes: Data on long-term private nonguaranteed debt data are World Bank staff estimates.

153


GUINEA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,248 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

2,916 2,819 2,819 0 59 38 36

2,923 2,752 2,752 0 48 123 55

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

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 2,819 0 0

201 2,752 0 0

External debt flows Disbursements Long-term external debt IMF purchases

200 169 31

75 75 0

91 91 0

73 73 0

89 78 11

94 67 28

49 49 0

36 36 0

Principal repayments Long-term external debt IMF repurchases

128 120 9

100 92 8

116 91 26

106 86 19

106 85 21

103 84 20

95 82 13

63 53 10

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

99 50 27

-37 -17 -12

-25 1 0

29 -14 62

-36 -7 -18

103 -17 112

-200 -33 -154

39 -16 66

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

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 32 0 0

24 23 0 1

1 ..

10 ..

105 ..

125 ..

386 ..

382 ..

50 ..

101 ..

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

.. 3.5 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 65.3

11.7 1.7 0.0 0.3 65.4

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

0.0 0.0 0.0

3,609 713 1 1,109 23 -216 87

3,035 758 1 973 8 -140 168

2,658 933 42 1,083 .. -160 97

2,496 1,098 54 1,298 .. -221 ..

3,819 1,313 151 1,637 54 -455 ..

3,321 1,455 72 1,911 14 -438 ..

3,692 1,144 64 1,581 88 -403 ..

4,231 1,549 60 1,892 0 -327 ..

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

310.8 109.0 17.5 2.9 60.3 3.4 1.1

277.5 122.1 14.2 5.0 59.1 .. ..

239.4 82.3 11.9 4.4 59.4 .. ..

212.7 93.2 9.7 6.2 59.7 .. ..

254.8 79.0 11.1 1.3 62.7 .. ..

188.8 69.1 5.6 4.2 61.5 .. ..

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)

154


GUINEA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,819 2,819 2,784 1,827 0 1,269 957 35 0 23 0 0

2,752 2,752 2,716 1,798 0 1,248 918 37 0 25 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

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

36 36 33 19 0 0 13 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

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

82 82 82 58 0 27 23 0 0 0 0 0

53 53 53 30 0 0 23 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

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

32 32 25 14 0 7 10 8 0 8 0 0

23 23 17 6 0 0 11 6 0 6 0 0

136 99

-122 -37

-238 -25

148 29

97 -36

-49 103

-178 -200

7 39

130 61 0

0 0 0

0 13 0

0 14 0

41 23 0

86 177 0

17 25 0

13 24 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

2011

2012

2013

2014

2015

2016

2017

2018

113 40

114 38

113 36

117 34

129 31

122 28

114 26

114 24

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 2010 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 thousand and $5,738 thousand respectively.

155


GUINEA-BISSAU (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

1,080 925 925 0 5 149 142

1,086 931 931 0 9 146 144

1,118 950 950 0 10 158 151

1,095 963 963 0 4 128 127

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

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

266 963 0 0

External debt flows Disbursements Long-term external debt IMF purchases

23 21 2

22 14 9

14 14 0

9 9 0

15 15 0

12 6 6

6 4 3

19 3 16

Principal repayments Long-term external debt IMF repurchases

9 8 1

3 3 0

4 1 3

7 3 4

7 4 3

6 4 2

6 5 2

14 6 8

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

13 13 -1

29 11 10

9 13 -1

0 6 -2

16 12 7

0 2 -5

5 -1 5

-1 -3 -6

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

6 6 0 0

2 2 0 0

2 2 0 0

3 3 0 0

3 3 0 0

4 3 0 0

4 4 0 0

3 3 0 0

0 ..

1 ..

9 ..

18 ..

19 0

5 ..

14 ..

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

.. 0.0 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

9.5 0.0 0.0 4.8 54.6

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

0.0 0.0 0.0

236 30 2 110 .. -35 20

203 .. 8 .. .. .. 67

561 95 20 157 .. -10 80

569 78 26 176 .. -40 82

680 141 43 246 .. -31 113

833 172 49 299 0 -29 125

824 .. 50 .. .. .. 169

877 .. 48 .. .. .. 156

3,024.9 379.4 52.4 10.6 41.3 2.3 2.2

.. 466.5 .. 10.6 41.9 7.0 ..

1,063.7 180.6 6.6 11.9 45.1 7.9 6.1

1,330.8 182.0 12.4 12.2 46.4 7.9 5.6

766.6 158.8 7.4 13.8 47.3 10.5 5.5

630.8 130.3 5.6 13.5 46.8 11.5 5.0

.. 135.6 .. 14.1 45.3 15.1 ..

.. 124.8 .. 11.7 44.9 14.3 ..

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


GUINEA-BISSAU (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

963 963 963 492 0 289 471 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

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

3 3 3 3 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 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

6 6 6 6 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

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

3 3 3 3 0 2 0 0 0 0 0 0

45 13

9 29

-92 9

23 0

44 16

6 0

32 5

-23 -1

14 15 0

0 1 0

0 9 0

0 6 0

0 6 0

0 10 0

0 7 0

117 60 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

2011

2012

2013

2014

2015

2016

2017

2018

25 6

24 6

20 6

21 6

21 6

22 5

23 5

24 5

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 2010 are World Bank staff estimates, and include the effects of Paris Club debt restructuring agreement signed in 2010. Data for 2008, 2009, and 2010 include the effects of Enhanced HIPC Initiative, in the amount of $7,311 thousand, $7,383 thousand, and $7,793 thousand respectively.

157


GUYANA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,116 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

1,037 783 781 2 58 196 97

1,354 888 888 0 56 410 103

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

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 2 74

82 888 0 152

External debt flows Disbursements Long-term external debt IMF purchases

59 45 14

73 64 9

131 104 27

136 109 27

101 101 0

139 139 0

105 105 0

124 124 0

Principal repayments Long-term external debt IMF repurchases

74 50 24

39 23 17

24 16 8

15 15 0

16 16 0

16 16 0

8 8 0

17 16 1

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

-8 -5 7

21 41 -13

76 88 -31

197 94 76

9 85 -76

123 123 0

196 97 99

315 108 208

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

35 31 3 1

30 26 1 3

11 10 0 1

16 14 0 2

12 9 0 2

11 10 0 0

12 11 0 1

14 11 0 3

74 ..

67 ..

77 ..

102 ..

152 ..

168 ..

144 ..

188 ..

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 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

2.2 0.0 0.0 0.0 90.3

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

1.2 26.0 4.9

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

0.0 0.0 0.0

567 641 2 838 .. -135 269

661 684 27 813 6 -82 305

804 697 201 960 7 -96 252

1,502 730 218 1,127 9 -181 280

2,027 889 283 1,288 -7 -112 313

2,251 1,035 278 1,556 0 -192 356

2,325 .. 278 .. .. -231 631

2,561 .. 308 .. .. -239 782

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 76.0 4.3 14.2 63.1 24.5 3.0

82.7 36.3 3.1 12.7 49.9 42.6 2.9

80.1 36.8 2.6 11.6 46.0 42.9 2.7

.. 44.6 .. 18.9 43.2 60.9 ..

.. 52.8 .. 30.3 37.1 57.8 ..

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)

158


GUYANA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

783 781 760 448 0 10 312 21 0 4 2 0

888 888 867 502 0 9 365 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

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

124 124 124 64 0 0 59 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

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

16 16 16 8 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

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

11 10 10 8 0 0 3 0 0 0 0 0

11 11 11 8 0 0 3 0 0 0 0 0

67 -8

-48 21

-147 76

-75 197

-406 9

93 123

208 196

317 315

1 0 0

0 14 0

79 175 0

0 298 0

0 429 0

0 13 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

2011

2012

2013

2014

2015

2016

2017

2018

24 14

26 15

31 14

34 14

40 13

43 13

46 12

47 11

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

159


HAITI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

821.1 765.7 765.7 0.0 28.7 26.6 1.0

1172.7 1043.0 1043.0 0.0 39.4 90.3 1.0

1327.0 1277.9 1277.9 0.0 21.4 27.7 14.7

1504.7 1346.1 1346.1 0.0 32.5 126.0 18.0

1580.1 1524.6 1524.6 0.0 55.6 0.0 0.0

1950.9 1846.1 1846.1 0.0 104.8 0.0 0.0

1325.2 1158.8 1158.8 0.0 166.4 0.0 0.0

491.8 479.0 479.0 0.0 12.7 0.1 0.1

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

2.1 765.7 0.0 253.6

2.4 1043.0 0.0 0.0

21.8 1277.9 0.0 240.2

27.4 1346.1 0.0 0.0

0.0 1524.6 0.0 116.5

0.0 1846.1 0.0 185.4

0.0 1158.8 0.0 113.9

0.4 479.0 0.0 200.1

External debt flows Disbursements Long-term external debt IMF purchases

128.3 103.5 24.8

50.7 50.7 0.0

92.8 77.5 15.3

98.3 83.4 14.9

150.9 97.0 53.9

406.2 355.8 50.5

272.5 212.0 60.5

410.9 286.1 124.8

Principal repayments Long-term external debt IMF repurchases

65.7 33.7 32.0

23.9 18.1 5.7

38.2 33.6 4.5

38.1 33.7 4.4

56.5 23.3 33.2

34.3 34.3 0.0

29.6 26.5 3.1

122.5 122.5 0.0

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

75.2 69.8 12.6

21.0 32.5 -5.8

20.6 43.9 -34.0

155.2 49.7 95.0

-13.6 73.7 -108.0

372.0 321.5 0.0

242.9 185.5 0.0

288.5 163.7 0.0

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

32.4 25.4 5.5 1.5

20.5 14.7 1.2 4.6

19.0 17.3 0.5 1.2

21.4 17.1 1.2 3.1

25.9 22.3 0.7 3.0

23.6 23.3 0.3 0.0

15.2 14.6 0.6 0.0

8.4 8.0 0.4 0.0

7.4 ..

13.3 ..

26.0 ..

160.6 ..

74.5 ..

29.8 ..

38.0 ..

150.0 ..

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 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 84.1

4.1 0.0 0.0 0.0 87.2

9.2 0.0 0.0 0.0 78.1

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

1.0 25.0 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

.. 192.4 .. 832.3 3.8 -87.1 198.8

.. 503.7 578.0 1377.9 .. -114.2 182.5

4227.9 605.1 986.2 1887.9 .. 7.0 133.8

4236.0 707.8 1062.9 2153.7 .. -85.1 253.9

6126.1 801.0 1222.1 2404.1 .. -85.8 453.1

6429.0 861.0 1369.8 2876.3 .. -289.1 542.5

6491.3 963.9 1375.5 2831.2 .. -232.1 790.0

6731.3 836.2 1498.7 4159.4 .. .. 1336.9

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 31.4 9.4 2.1 81.1 10.1 0.9

212.6 35.5 8.4 8.4 76.0 16.9 1.4

197.3 25.8 10.3 .. 79.0 28.7 2.3

226.6 30.3 6.7 .. 68.1 27.8 2.3

137.5 20.4 4.6 .. 39.2 59.6 3.3

58.8 7.3 15.7 0.0 14.3 271.8 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)

160


HAITI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

765.7 765.7 765.7 615.3 0.0 389.4 150.4 0.0 0.0 0.0 0.0 0.0

1043.0 1043.0 1043.0 906.6 0.0 480.1 136.4 0.0 0.0 0.0 0.0 0.0

1277.9 1277.9 1277.9 1075.7 0.0 505.5 202.2 0.0 0.0 0.0 0.0 0.0

1346.1 1346.1 1346.1 1144.3 0.0 511.5 201.9 0.0 0.0 0.0 0.0 0.0

1524.6 1524.6 1524.6 1248.3 0.0 518.4 276.3 0.0 0.0 0.0 0.0 0.0

1846.1 1846.1 1846.1 1328.6 0.0 507.2 517.5 0.0 0.0 0.0 0.0 0.0

1158.8 1158.8 1158.8 519.8 0.0 38.5 639.0 0.0 0.0 0.0 0.0 0.0

479.0 479.0 479.0 70.5 0.0 0.0 408.5 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

103.5 103.5 103.5 102.7 0.0 49.1 0.7 0.0 0.0 0.0 0.0 0.0

50.7 50.7 50.7 50.6 0.0 8.0 0.1 0.0 0.0 0.0 0.0 0.0

77.5 77.5 77.5 77.5 0.0 8.6 0.0 0.0 0.0 0.0 0.0 0.0

83.4 83.4 83.4 83.4 0.0 8.6 0.0 0.0 0.0 0.0 0.0 0.0

97.0 97.0 97.0 97.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

355.8 355.8 355.8 120.6 0.0 0.0 235.2 0.0 0.0 0.0 0.0 0.0

212.0 212.0 212.0 98.1 0.0 0.0 113.9 0.0 0.0 0.0 0.0 0.0

286.1 286.1 286.1 83.5 0.0 0.0 202.7 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

33.7 33.7 33.7 30.4 0.0 9.7 3.3 0.0 0.0 0.0 0.0 0.0

18.1 18.1 18.1 14.3 0.0 6.5 3.8 0.0 0.0 0.0 0.0 0.0

33.6 33.6 33.6 28.7 0.0 13.8 5.0 0.0 0.0 0.0 0.0 0.0

33.7 33.7 33.7 30.8 0.0 12.5 2.9 0.0 0.0 0.0 0.0 0.0

23.3 23.3 23.3 18.0 0.0 6.7 5.3 0.0 0.0 0.0 0.0 0.0

34.3 34.3 34.3 29.2 0.0 15.8 5.0 0.0 0.0 0.0 0.0 0.0

26.5 26.5 26.5 21.7 0.0 11.0 4.8 0.0 0.0 0.0 0.0 0.0

122.5 122.5 122.5 41.2 0.0 35.9 81.3 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

25.4 25.4 25.4 24.0 0.0 10.4 1.3 0.0 0.0 0.0 0.0 0.0

14.7 14.7 14.7 9.4 0.0 3.6 5.3 0.0 0.0 0.0 0.0 0.0

17.3 17.3 17.3 15.3 0.0 4.9 2.0 0.0 0.0 0.0 0.0 0.0

17.1 17.1 17.1 15.5 0.0 3.7 1.6 0.0 0.0 0.0 0.0 0.0

22.3 22.3 22.3 17.3 0.0 3.5 5.0 0.0 0.0 0.0 0.0 0.0

23.3 23.3 23.3 19.5 0.0 4.2 3.8 0.0 0.0 0.0 0.0 0.0

14.6 14.6 14.6 11.6 0.0 2.4 3.0 0.0 0.0 0.0 0.0 0.0

8.0 8.0 8.0 6.6 0.0 0.2 1.4 0.0 0.0 0.0 0.0 0.0

85.9 75.2

-16.3 21.0

16.0 20.6

177.7 155.2

75.5 -13.6

370.8 372.0

-625.7 242.9

-833.4 288.5

107.7 11.2 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 1.1 0.0

93.0 32.3 0.0

12.1 17.8 0.0

98.9 936.0 0.0

3.3 1116.6 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

2011

2012

2013

2014

2015

2016

2017

2018

10.2 10.1

10.5 11.2

19.1 11.2

19.6 11.0

19.5 10.8

20.8 10.6

22.2 10.3

22.5 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

Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2006 and 2009. Data for 2008, 2009, and 2010 include the effects of MDRI and HIPC debt relief, in the amount of $814 thousand, and $451,744 thousand, and $51 thousand respectively. In addition, the country's fiscal year-end for external debt data is September 2010, but data for 2010 include the effects of MDRI relief in October 2010 of $482 million.

161


HONDURAS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,851 4,370 4,247 123 99 382 63

5,402 4,813 4,253 560 216 374 35

5,225 4,645 4,137 509 168 412 12

4,203 3,666 3,031 635 31 506 5

3,305 2,615 1,991 624 32 658 5

3,505 2,957 2,301 657 31 517 3

3,674 3,325 2,445 880 32 317 10

4,168 3,740 2,798 942 30 398 11

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

197 4,223 147 358

72 4,233 580 174

47 4,137 509 369

25 3,031 635 198

22 1,991 624 269

32 2,301 657 545

30 2,445 880 257

37 2,798 942 895

External debt flows Disbursements Long-term external debt IMF purchases

379 349 31

368 347 21

496 481 15

357 342 15

385 385 0

649 649 0

703 703 0

873 873 0

Principal repayments Long-term external debt IMF repurchases

352 308 44

261 256 5

280 264 15

203 203 0

234 234 0

277 277 0

341 341 0

453 451 2

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

90 40 62

44 90 -63

246 217 30

255 140 101

304 152 152

233 372 -139

155 362 -207

500 421 80

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

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

64 60 0 4

50 0

382 0

600 ..

669 ..

928 ..

929 ..

523 ..

797 ..

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

.. 9.2 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 0.1 68.2

9.4 0.0 0.0 0.1 69.2

10.0 0.0 0.0 0.1 69.1

8.3 0.0 0.0 0.1 73.4

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 24.5 5.4

3.4 26.7 5.5

2.6 23.0 5.2

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

1.0 18.4 0.0

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 1,818 8,092 479 -304 2,338

10,376 6,220 2,367 9,074 621 -404 2,642

11,993 6,821 2,648 10,609 535 -1,116 2,546

13,546 7,380 2,858 12,142 488 -1,782 2,492

13,827 5,852 2,520 9,006 499 -515 2,110

14,802 6,818 2,649 10,533 567 -955 2,701

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 12.0 54.3 62.9 3.5

48.5 27.6 5.1 19.9 38.5 77.0 2.9

47.5 25.9 5.0 14.7 40.8 71.1 2.5

62.8 26.6 7.1 8.6 41.3 57.4 2.8

61.1 28.2 7.6 9.6 45.4 64.8 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)

162


HONDURAS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,615 1,991 1,953 1,273 0 401 680 39 0 28 624 0

2,957 2,301 2,264 1,431 0 449 833 37 0 26 657 0

3,325 2,445 2,358 1,516 0 502 842 87 50 26 880 0

3,740 2,798 2,714 1,891 0 602 823 84 50 23 942 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

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

703 246 196 112 0 49 84 50 50 0 457 0

873 452 452 435 0 109 17 0 0 0 421 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

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

451 62 61 46 0 0 15 1 0 1 390 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

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 65 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

60 46 46 36 0 4 10 0 0 0 14 0

125 90

39 44

-839 246

-1,023 255

-898 304

200 233

168 155

494 500

25 10 0

413 19 0

58 779 0

10 1,511 0

31 1,193 0

0 62 0

0 8 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

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

2011

2012

2013

2014

2015

2016

2017

2018

87 66

88 80

96 83

124 84

138 82

144 79

158 76

166 72

255 42

180 31

162 21

95 16

75 11

57 8

47 5

38 3

Notes: Data for 2007 include the effects of MDRI, in the amount of $8,697 thousand.

163


INDIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

120,222 111,406 54,726 56,680 0 8,816 0

158,501 133,404 60,043 73,361 0 25,097 0

202,929 166,836 69,855 96,980 0 36,093 0

225,994 182,173 76,248 105,925 0 43,821 0

249,993 203,390 85,211 118,180 0 46,603 0

290,282 233,834 106,205 127,629 0 56,448 0

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

0 80,631 7,078 4,914

0 80,709 16,072 10,707

0 54,598 56,808 3,340

0 59,934 73,470 6,555

0 69,760 97,076 11,986

0 76,091 106,082 8,402

0 85,041 118,349 12,729

0 106,000 127,834 13,663

External debt flows Disbursements Long-term external debt IMF purchases

7,147 7,147 0

10,556 10,556 0

19,380 19,380 0

32,443 32,443 0

64,496 64,496 0

38,690 38,690 0

26,631 26,631 0

43,420 43,420 0

Principal repayments Long-term external debt IMF repurchases

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

23,685 23,685 0

10,985 10,985 0

14,708 14,708 0

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

-745 197 785

3,358 3,854 -471

1,949 -3 1,952

36,312 20,031 16,281

43,395 32,399 10,996

22,734 15,005 7,728

18,427 15,646 2,782

38,557 28,712 9,845

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

4,931 4,363 183 385

4,193 4,007 1 185

4,509 4,196 0 314

4,947 4,524 0 424

7,270 5,488 0 1,782

7,279 5,716 0 1,563

5,518 4,939 0 579

5,373 4,672 0 700

2,144 1,590

3,584 2,481

7,606 12,151

20,336 9,509

25,483 32,863

43,406 -15,030

35,596 21,112

24,159 39,972

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 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

5.4 23.0 2.1 0.2 64.4

4.9 20.3 1.7 0.1 67.6

3.7 19.0 1.3 0.1 71.4

3.5 26.7 8.3

5.5 24.0 6.6

2.9 24.6 6.9

3.1 27.5 5.0

3.5 24.4 6.2

2.0 26.4 5.3

1.0 27.6 6.5

0.8 31.3 8.4

5.7 5.9 4.8

4.3 5.1 4.8

4.6 5.1 4.3

3.9 5.0 3.9

6.6 9.9 3.9

4.4 8.7 2.5

3.6 3.4 2.5

2.3 6.5 3.6

352,268 39,499 6,223 53,444 0 -5,563 22,865

455,206 62,453 12,883 80,489 0 -4,601 41,059

828,137 160,348 22,125 194,274 5,244 -10,284 137,825

943,976 201,697 28,334 239,713 7,738 -9,299 178,050

1,237,315 253,362 37,217 298,582 10,910 -8,076 276,578

1,206,624 321,322 49,977 401,046 11,989 -30,972 257,423

1,372,631 274,989 49,468 350,203 12,278 -25,922 284,683

1,717,580 358,876 54,035 462,815 13,385 -51,781 300,480

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

80.1 16.4 15.5 17.8 18.3 136.3 11.1

70.3 18.7 9.6 19.4 17.5 113.9 7.7

90.9 18.2 6.0 18.6 16.9 113.9 9.8

80.9 16.9 5.6 19.4 16.0 103.5 7.8

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)

164


INDIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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 51,709 30,474 7,078 18,888 21,235 29,486 10,240 18,082 15,586 1,515

111,406 54,726 49,992 31,448 5,276 22,728 18,543 4,734 1,360 3,214 56,680 5,761

133,404 60,043 52,867 34,408 6,007 24,433 18,459 7,176 2,213 4,825 73,361 10,254

166,836 69,855 57,269 37,227 6,680 25,319 20,042 12,587 4,664 7,668 96,980 15,327

182,173 76,248 62,523 39,436 7,429 25,365 23,087 13,725 4,520 8,916 105,925 14,732

203,390 85,211 65,868 42,351 8,382 26,050 23,516 19,343 9,521 9,561 118,180 15,326

233,834 106,205 72,641 46,531 11,180 25,888 26,111 33,564 20,430 12,868 127,629 13,633

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

7,147 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

32,443 8,378 3,723 2,732 979 1,005 991 4,655 2,452 2,203 24,066 4,549

64,496 16,010 4,663 3,184 1,003 802 1,479 11,347 7,389 3,831 48,486 7,793

38,690 18,802 5,895 3,701 1,122 961 2,195 12,907 11,507 1,400 19,888 594

26,631 10,380 5,956 4,157 1,408 1,263 1,798 4,425 1,765 2,660 16,250 2,473

43,420 24,351 8,570 6,237 3,334 1,067 2,334 15,781 11,050 4,731 19,069 1,288

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

6,949 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 1,193 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

23,685 13,447 2,989 1,347 390 764 1,642 10,458 9,468 971 10,238 880

10,985 5,331 2,906 1,476 455 799 1,429 2,425 588 1,814 5,654 1,679

14,708 5,190 3,169 1,661 539 835 1,508 2,021 148 1,849 9,518 1,851

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

4,363 3,832 1,872 1,061 770 131 811 1,960 187 1,265 531 56

4,007 3,378 1,435 835 428 139 601 1,942 143 1,737 630 224

4,196 3,022 1,059 458 159 187 601 1,963 1,799 155 1,174 141

4,524 1,291 1,074 648 280 185 426 217 40 172 3,233 217

5,488 1,450 1,170 782 356 189 388 280 41 233 4,038 330

5,716 1,522 1,160 747 313 201 413 362 61 294 4,194 278

4,939 1,319 1,008 558 213 186 450 311 60 244 3,620 290

4,672 1,060 794 361 86 189 433 266 39 221 3,612 421

-4,435 -745

1,115 3,358

-2,365 1,949

38,279 36,312

44,428 43,395

23,066 22,734

23,999 18,427

40,289 38,557

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

2011

2012

2013

2014

2015

2016

2017

2018

5,164 1,103

5,376 1,090

5,703 1,041

5,924 977

5,990 901

5,874 822

5,882 742

5,680 662

39,155 6,071

33,797 4,520

25,513 3,955

17,776 2,460

13,619 1,799

9,158 1,295

6,758 917

5,363 602

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.

165


INDONESIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

124,389 98,422 65,299 33,123 0 25,966 0

143,344 110,818 69,649 41,169 10,838 21,688 4,632

134,347 117,506 74,242 43,264 7,807 9,034 0

125,343 115,359 70,536 44,822 0 9,984 0

133,847 118,399 72,015 46,384 0 15,448 0

147,622 127,134 79,751 47,383 0 20,488 0

162,850 138,801 85,967 52,834 0 24,050 0

179,064 147,809 91,024 56,785 0 31,255 0

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

0 65,299 33,123 11,003

3,000 69,649 41,169 2,221

148 74,242 43,264 4,541

0 70,536 44,822 4,727

0 72,015 46,384 5,880

0 79,751 47,383 9,720

0 85,967 52,834 14,791

0 91,024 56,785 7,864

External debt flows Disbursements Long-term external debt IMF purchases

13,633 13,633 0

6,774 5,651 1,123

13,879 13,879 0

18,472 18,472 0

18,270 18,270 0

22,928 22,928 0

31,424 31,424 0

31,214 31,214 0

Principal repayments Long-term external debt IMF repurchases

10,198 10,198 0

9,268 9,268 0

16,891 15,746 1,145

24,463 16,426 8,037

18,811 18,811 0

16,703 16,703 0

20,419 20,419 0

23,963 23,963 0

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

9,945 3,435 6,509

-1,967 -3,617 527

-8,603 -1,868 -5,590

-5,041 2,046 950

4,923 -541 5,464

11,265 6,225 5,040

14,566 11,005 3,561

14,456 7,251 7,205

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

6,220 4,936 0 1,284

7,356 5,673 526 1,157

3,337 2,933 313 91

3,817 3,416 292 109

5,113 4,996 0 117

4,671 4,461 0 210

4,459 4,301 0 159

5,335 4,944 0 391

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

13,304 2,132

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

.. 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 44.7

11.6 36.6 1.1 0.4 45.6

10.0 32.4 1.0 0.4 51.8

8.0 34.7 0.8 0.3 51.8

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 25.0 7.5

1.9 20.4 6.9

1.7 22.2 5.5

1.0 22.2 7.8

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

4.6 9.9 9.4

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

414,334 133,971 6,174 128,582 10,813 10,493 56,936

492,094 158,444 6,794 163,683 10,675 125 51,641

520,467 134,722 6,793 128,671 8,848 10,628 66,119

686,633 176,730 6,916 175,713 12,436 5,654 96,211

229.4 63.4 30.3 20.9 16.1 12.0 2.9

196.1 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

99.9 32.3 17.9 11.5 13.9 42.5 5.3

93.2 30.0 13.5 13.9 13.5 35.0 3.8

120.9 31.3 18.5 14.8 12.9 40.6 6.2

101.3 26.1 16.6 17.5 12.6 53.7 6.6

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)

166


INDONESIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

98,422 65,299 51,272 20,013 12,503 756 31,260 14,027 704 7,178 33,123 3,420

110,818 69,649 54,883 19,904 11,715 714 34,979 14,766 971 10,489 41,169 6,337

117,506 74,242 59,945 18,514 8,132 1,001 41,431 14,297 4,029 8,062 43,264 5,878

115,359 70,536 58,422 18,246 7,423 1,318 40,176 12,114 5,157 5,090 44,822 6,222

118,399 72,015 58,720 18,611 6,821 1,550 40,109 13,296 6,370 5,168 46,384 4,668

127,134 79,751 63,184 19,962 6,968 2,006 43,222 16,567 10,450 4,640 47,383 4,678

138,801 85,967 63,270 21,052 7,876 2,234 42,218 22,696 14,344 5,810 52,834 5,897

147,809 91,024 66,484 22,567 9,054 2,313 43,917 24,540 16,990 5,313 56,785 5,788

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

13,633 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 1,288 263 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

18,270 6,030 3,756 2,134 767 219 1,622 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

31,214 11,224 6,560 3,186 2,078 142 3,375 4,663 2,545 1,185 19,990 195

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

10,198 5,715 3,127 1,289 955 20 1,838 2,589 0 1,681 4,483 120

9,268 3,868 1,586 1,116 761 26 470 2,282 0 2,107 5,400 2,400

15,746 6,232 3,539 1,957 1,390 27 1,583 2,692 310 1,679 9,515 267

16,426 6,925 5,365 1,976 1,403 27 3,389 1,560 252 982 9,501 257

18,811 8,062 6,781 1,971 1,369 27 4,810 1,281 212 679 10,749 432

16,703 6,482 5,729 1,920 1,252 27 3,809 753 0 594 10,221 261

20,419 7,051 6,122 1,910 1,135 31 4,212 929 0 767 13,368 588

23,963 5,833 5,202 1,819 900 32 3,383 632 0 476 18,129 411

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

4,936 3,775 2,667 1,403 921 6 1,264 1,107 6 676 1,161 139

5,673 3,738 2,575 1,383 950 5 1,192 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 1,180 689 331 251 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

4,944 3,034 1,586 514 291 16 1,072 1,448 1,225 148 1,910 81

16,580 9,945

-8,117 -1,967

-2,770 -8,603

-9,004 -5,041

8,504 4,923

13,775 11,265

15,228 14,566

16,213 14,456

0 0 0

2,461 0 0

2,608 0 0

0 92 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

2011

2012

2013

2014

2015

2016

2017

2018

6,342 1,437

6,159 1,316

6,453 1,187

6,122 1,043

5,790 902

5,190 770

4,558 659

4,426 563

12,301 3,711

9,216 3,360

10,832 3,199

10,281 2,887

6,032 2,199

3,275 1,882

2,718 1,632

6,950 1,949

Notes: Debt data are revised significantly 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. Short-term debt is based on reports provided by the country since 2005.

167


IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

19,387 11,128 11,128 0 0 8,259 0

21,074 11,174 11,174 0 0 9,900 0

13,969 8,934 8,934 0 0 5,035 0

13,464 7,553 7,553 0 0 5,911 0

12,570 6,411 6,411 0 0 6,159 0

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

48 15,031 84 1,978

0 4,689 20 2,813

0 10,512 10 1,992

0 11,121 7 797

0 11,168 6 0

0 8,931 3 35

0 7,543 9 44

0 6,398 13 21

External debt flows Disbursements Long-term external debt IMF purchases

979 979 0

1,469 1,469 0

2,751 2,751 0

1,724 1,724 0

1,142 1,142 0

978 978 0

531 531 0

295 295 0

Principal repayments Long-term external debt IMF repurchases

4,120 4,120 0

2,345 2,345 0

1,734 1,734 0

1,718 1,718 0

2,009 2,009 0

2,161 2,161 0

2,092 2,092 0

1,595 1,595 0

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

-227 -3,141 2,914

-1,485 -876 -609

1,439 1,017 422

-3,093 6 -3,099

774 -867 1,641

-6,049 -1,184 -4,865

-685 -1,561 876

-1,052 -1,300 248

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

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

371 139 0 232

17 0

39 0

3,136 ..

1,647 ..

1,670 ..

1,615 ..

3,016 ..

3,617 ..

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 0.0 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

58.8 6.9 0.0 3.4 30.7

57.2 7.3 0.0 2.7 32.6

57.3 7.4 0.0 2.4 32.7

56.9 7.5 0.0 2.3 33.1

7.5 8.2 2.3

4.9 13.6 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

3.9 6.5 2.4

0.0 0.0 0.0

6.3 11.3 3.4

6.6 10.8 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

5.4 6.0 1.5

4.4 7.2 2.7

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 .. .. .. ..

.. .. 1,181 .. .. .. ..

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 .. 36.0 5.4 .. ..

.. 4.1 .. 43.9 6.3 .. ..

.. .. .. 49.0 6.6 .. ..

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


IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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 8,477 0 4,042 0 0

11,128 11,128 2,284 559 559 0 1,725 8,844 0 4,536 0 0

11,174 11,174 2,436 699 699 0 1,737 8,738 0 4,800 0 0

8,934 8,934 2,389 761 761 0 1,628 6,545 0 3,820 0 0

7,553 7,553 2,272 854 836 0 1,418 5,280 0 3,165 0 0

6,411 6,411 2,025 830 801 0 1,195 4,385 0 2,723 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

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

2,751 2,751 673 258 247 0 415 2,078 0 1,399 0 0

1,724 1,724 508 248 248 0 261 1,216 0 941 0 0

1,142 1,142 338 212 212 0 125 805 0 653 0 0

978 978 295 144 144 0 152 682 0 605 0 0

531 531 228 178 159 0 50 303 0 276 0 0

295 295 101 85 72 0 16 193 0 180 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

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

1,734 1,734 329 155 145 0 174 1,405 0 713 0 0

1,718 1,718 275 75 66 0 199 1,443 0 689 0 0

2,009 2,009 302 73 73 0 229 1,707 0 932 0 0

2,161 2,161 331 66 66 0 264 1,831 0 1,051 0 0

2,092 2,092 381 84 84 0 297 1,710 0 1,006 0 0

1,595 1,595 317 11 8 0 306 1,277 0 726 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

1,107 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

139 139 53 8 8 0 45 86 0 51 0 0

-677 -227

-1,629 -1,485

941 1,439

-2,492 -3,093

1,686 774

-7,105 -6,049

-505 -685

-894 -1,052

3,178 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

2011

2012

2013

2014

2015

2016

2017

2018

480 43

443 30

272 21

230 15

161 11

144 7

103 5

81 3

1,600 66

1,230 43

845 26

544 14

348 7

200 2

80 1

7 0

Notes: Fiscal year-end for external debt data is March.

169


JAMAICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,581 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

10,987 9,943 6,702 3,241 0 1,044 229

13,865 11,900 7,593 4,307 785 1,180 219

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

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 2,165 760

176 6,701 3,242 989

153 7,592 4,308 1,346

External debt flows Disbursements Long-term external debt IMF purchases

316 305 11

904 904 0

1,346 1,346 0

1,216 1,216 0

2,396 2,396 0

692 692 0

1,539 1,539 0

3,138 2,360 778

Principal repayments Long-term external debt IMF repurchases

436 340 95

443 424 19

551 550 1

312 312 0

590 590 0

459 459 0

702 702 0

340 340 0

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

-106 -35 14

440 481 -21

317 797 -479

1,354 904 450

2,219 1,806 413

-26 233 -259

656 837 -181

2,944 2,020 146

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

232 191 17 24

261 208 4 49

419 387 0 32

512 473 0 39

717 657 0 60

700 673 0 27

758 746 0 12

846 828 6 11

147 0

468 0

682 0

882 0

866 0

1,437 0

541 0

228 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

.. 9.9 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

17.2 2.6 0.6 0.0 76.3

14.8 2.5 0.5 0.0 79.6

5.6 21.6 4.7

6.1 19.8 5.4

4.1 22.0 5.7

1.4 18.6 16.9

3.2 19.8 5.1

4.1 23.3 5.7

3.7 16.5 4.2

1.4 20.4 5.2

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

2.9 11.2 1.4

0.0 0.0 0.0

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 -1,071 2,170

11,375 5,161 1,946 8,092 376 -1,183 2,318

12,037 5,590 2,144 9,668 533 -2,038 1,879

13,559 6,027 2,181 10,970 376 -2,793 1,773

12,018 4,273 1,912 7,259 232 -1,128 2,076

13,305 4,248 2,011 7,192 127 -934 2,501

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 86.6 23.4 14.8 12.1 18.0 2.3

171.4 76.2 19.2 12.2 12.9 17.2 1.9

257.1 91.4 34.1 9.5 13.8 18.9 3.4

326.4 104.2 27.9 8.5 16.9 18.0 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)

170


JAMAICA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

9,943 6,702 2,406 1,520 398 0 886 4,296 3,890 365 3,241 3,215

11,900 7,593 3,259 2,348 579 0 912 4,334 3,786 505 4,307 4,290

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

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

1,539 454 350 336 120 0 14 104 0 94 1,085 1,085

2,360 1,285 1,075 971 222 0 104 210 0 198 1,075 1,075

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

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

702 693 229 153 49 0 76 464 345 113 9 0

340 331 208 136 41 0 72 124 68 48 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

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

673 480 80 62 19 0 18 400 392 7 193 191

746 521 95 59 15 0 36 426 404 21 225 224

828 488 100 51 12 0 49 388 375 12 341 340

-29 -106

798 440

80 317

1,528 1,354

2,363 2,219

-91 -26

656 656

2,878 2,944

105 0 0

0 4 0

0 2 0

0 3 0

0 2 0

0 6 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

2011

2012

2013

2014

2015

2016

2017

2018

224 70

230 66

225 62

184 57

237 53

262 48

252 43

237 38

529 754

854 717

224 643

909 586

1,937 462

259 369

1,422 295

960 185

171


JORDAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

7,661 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

7,822 6,504 6,504 0 8 1,310 1

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

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 5,306 139 915

17 6,371 133 1,226

External debt flows Disbursements Long-term external debt IMF purchases

724 609 115

196 176 20

434 434 0

277 277 0

190 190 0

230 230 0

762 762 0

1,389 1,389 0

Principal repayments Long-term external debt IMF repurchases

337 329 8

424 393 31

418 341 77

441 353 88

486 409 76

2,471 2,412 59

421 405 16

491 487 4

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

484 280 97

-399 -217 -171

97 93 81

7 -76 171

-87 -220 209

-1,777 -2,182 464

73 357 -268

1,049 902 151

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

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

162 147 0 16

13 0

913 -17

1,984 169

3,544 144

2,622 346

2,827 521

2,427 -30

1,701 -20

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

.. 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

9.3 22.6 0.0 0.2 37.1

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

3.4 20.8 5.7

2.1 18.1 4.6

2.0 13.2 4.0

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

3.9 5.0 4.9

6,449 3,594 1,441 5,297 0 -259 2,279

8,561 4,207 1,845 6,363 33 27 3,441

12,925 7,426 2,500 12,314 74 -2,272 5,461

16,098 9,144 2,883 13,810 130 -1,726 6,982

18,449 10,684 3,434 16,421 163 -2,875 7,925

23,392 13,751 3,794 19,869 257 -2,037 8,918

25,696 12,098 3,597 17,024 294 -1,128 12,135

28,081 13,268 3,641 18,521 283 -1,311 13,633

213.1 118.8 16.7 10.2 15.5 29.8 5.2

174.8 85.9 17.6 9.7 23.2 46.8 6.5

103.6 59.5 8.3 7.6 24.8 71.0 5.3

88.1 50.0 7.5 9.4 24.3 86.7 6.1

78.4 45.4 7.2 11.5 23.7 94.7 5.8

47.9 28.1 19.7 21.7 29.7 135.5 5.4

54.7 25.7 4.8 17.5 35.7 183.4 8.6

59.0 27.9 4.9 16.7 32.3 174.3 8.8

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)

172


JORDAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

6,504 6,504 5,420 2,528 1,008 32 2,892 1,084 914 24 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

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

1,389 1,389 627 429 33 0 198 762 750 12 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

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

487 487 460 275 101 3 185 27 17 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

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

147 147 121 68 14 0 54 25 23 0 0 0

107 484

-728 -399

-370 97

359 7

316 -87

-1,791 -1,777

35 73

1,207 1,049

365 322 0

194 63 85

220 0 0

208 0 0

196 0 0

0 246 2,038

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

2011

2012

2013

2014

2015

2016

2017

2018

611 136

549 127

509 115

497 104

472 92

422 81

397 71

383 62

19 43

30 42

17 41

12 41

763 40

14 11

15 10

16 10

173


KAZAKHSTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

111,115 102,439 2,487 99,952 0 8,676 0

118,723 109,686 3,842 105,844 0 9,037 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 99,952 3,550

0 3,842 105,844 1,340

External debt flows Disbursements Long-term external debt IMF purchases

881 740 141

3,057 3,057 0

17,237 17,237 0

37,916 37,916 0

44,750 44,750 0

40,925 40,925 0

30,524 30,524 0

50,133 50,133 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

20,103 20,103 0

42,789 42,789 0

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

868 635 93

1,057 904 595

9,995 5,786 4,209

28,466 25,744 2,722

21,434 21,154 281

11,057 11,890 -833

8,776 10,421 -1,645

7,705 7,344 361

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

5,677 5,373 0 304

4,971 4,655 0 316

964 ..

1,283 19

1,971 150

6,278 2,789

11,119 828

14,322 -1,280

13,771 38

9,961 96

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

0.8 24.5 0.0 0.0 73.2

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

3.0 15.1 5.3

1.4 21.2 4.7

1.0 23.4 3.5

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

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

71,512 43,011 186 43,803 7,694 -1,999 19,127

91,766 55,379 223 61,541 11,305 -8,322 17,641

113,926 79,637 192 72,327 16,956 6,326 19,883

102,471 50,665 261 54,342 10,711 -4,359 23,183

125,913 66,917 291 62,164 14,923 4,319 28,265

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

168.4 101.3 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

219.3 108.4 50.9 7.8 1.2 20.9 5.1

177.4 94.3 71.4 7.6 2.3 23.8 5.5

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)

174


KAZAKHSTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

102,439 2,487 2,486 1,349 547 0 1,137 1 0 1 99,952 22,097

109,686 3,842 3,842 2,785 1,830 0 1,057 0 0 0 105,844 21,044

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

17,237 197 197 80 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

30,524 717 717 659 115 0 58 0 0 0 29,807 0

50,133 1,519 1,519 1,497 1,320 0 22 0 0 0 48,615 450

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

20,103 131 130 59 32 0 71 2 0 2 19,971 2,108

42,789 278 278 61 37 0 217 1 0 1 42,511 1,503

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

5,373 58 58 28 17 0 30 0 0 0 5,315 1,706

4,655 54 54 27 7 0 27 0 0 0 4,601 1,525

961 868

6,304 1,057

10,662 9,995

28,964 28,466

23,099 21,434

11,736 11,057

3,837 8,776

7,608 7,705

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

2011

2012

2013

2014

2015

2016

2017

2018

133 52

276 53

428 52

470 54

369 56

370 53

368 49

359 45

26,883 2,528

19,282 1,910

10,193 1,473

14,991 1,076

11,450 778

9,159 488

12,126 255

16 107

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.

175


KENYA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

7,309 6,302 5,857 445 374 634 31

6,141 5,216 5,041 175 127 798 47

6,428 5,770 5,770 0 159 499 21

6,622 5,867 5,867 0 153 602 34

7,462 6,229 6,229 0 269 964 57

7,549 6,387 6,387 0 252 910 66

8,182 6,720 6,720 0 451 1,012 73

8,400 6,978 6,978 0 417 1,005 80

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

6 5,857 445 326

142 5,041 175 355

141 5,770 0 297

334 5,867 0 575

308 6,229 0 1,146

271 6,387 0 395

276 6,720 0 1,323

242 6,978 0 1,608

External debt flows Disbursements Long-term external debt IMF purchases

677 677 0

377 333 44

242 168 74

126 126 0

456 341 115

350 350 0

747 538 209

530 530 0

Principal repayments Long-term external debt IMF repurchases

605 566 39

449 407 42

447 439 7

334 320 14

345 335 10

298 287 11

275 257 18

284 258 26

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

78 111 6

-31 -74 41

-459 -271 -254

-118 -194 90

450 6 339

-11 63 -63

567 281 95

232 272 -14

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

299 261 2 36

142 100 1 41

91 72 1 18

94 71 1 23

108 78 1 29

113 91 1 21

111 85 2 23

115 90 0 25

42 5

111 -6

21 3

51 2

729 0

96 5

116 3

186 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

.. 18.6 3.8 4.2 35.8

.. 20.1 2.5 1.4 49.8

19.2 18.6 0.6 0.1 49.3

18.9 18.6 0.7 0.1 48.8

19.8 17.4 0.6 0.1 48.2

17.0 20.0 0.4 0.1 46.7

18.1 17.9 0.4 0.1 45.3

16.1 18.4 0.4 0.1 43.7

2.1 35.7 9.8

1.1 39.0 10.0

1.5 32.4 7.7

1.7 33.4 8.9

1.1 39.7 9.9

1.3 30.6 8.3

1.3 32.8 8.9

1.0 33.6 10.0

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

2.7 8.3 1.8

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

27,216 7,223 1,588 10,364 124 -1,032 3,355

30,134 8,467 1,692 12,781 52 -1,983 2,879

29,311 7,567 1,686 11,514 60 -1,689 3,850

31,264 9,037 1,777 13,835 67 -2,512 4,321

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

118.7 34.3 9.9 7.8 53.3 28.0 3.1

109.5 29.4 7.1 9.1 52.0 36.5 3.5

103.3 27.4 6.3 12.9 48.3 45.0 3.9

89.2 25.1 4.9 12.1 49.4 38.1 2.7

108.1 27.9 5.1 12.4 48.2 47.0 4.0

93.0 26.9 4.4 12.0 48.9 51.4 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)

176


KENYA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,770 5,770 5,406 3,426 0 2,663 1,980 363 0 292 0 0

5,867 5,867 5,540 3,445 0 2,764 2,095 327 0 252 0 0

6,229 6,229 5,890 3,601 0 2,968 2,288 339 0 260 0 0

6,387 6,387 6,068 3,727 0 3,050 2,341 319 0 238 0 0

6,720 6,720 6,368 3,946 0 3,156 2,422 352 0 243 0 0

6,978 6,978 6,667 4,110 0 3,238 2,557 311 0 202 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

677 677 545 219 0 159 326 132 0 72 0 0

333 333 248 196 0 170 52 85 0 77 0 0

168 168 140 64 0 34 76 28 0 28 0 0

126 126 125 76 0 41 48 1 0 1 0 0

341 341 341 225 0 159 116 0 0 0 0 0

350 350 343 256 0 178 87 7 0 0 0 0

538 538 510 290 0 164 220 27 0 0 0 0

530 530 518 335 0 220 184 12 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

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

320 320 258 220 0 60 38 62 0 61 0 0

335 335 324 224 0 66 100 11 0 9 0 0

287 287 272 106 0 75 166 15 0 13 0 0

257 257 254 107 0 81 147 3 0 0 0 0

258 258 255 111 0 88 143 4 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

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

71 70 65 36 0 22 29 5 0 4 0 0

78 78 76 32 0 22 44 2 0 1 0 0

91 91 90 35 0 24 55 1 0 1 0 0

85 85 84 33 0 22 51 1 0 0 0 0

90 90 90 34 0 23 55 1 0 0 0 0

185 78

-334 -31

-489 -459

195 -118

840 450

87 -11

633 567

218 232

0 0 0

122 10 0

127 3 0

192 8 0

0 0 0

0 0 0

0 5 0

0 31 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

2011

2012

2013

2014

2015

2016

2017

2018

343 100

356 104

361 105

345 104

377 101

405 96

445 90

480 83

11 1

12 1

13 1

13 1

9 1

8 0

8 0

6 0

177


KOSOVO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

342.2 342.2 342.2 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

0.0 342.2 0.0 0.0

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

207.7 207.7 0.0

16.3 16.3 0.0

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

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

-207.7 -207.7 0.0

-16.3 -16.3 0.0

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

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

22.5 22.5 0.0 0.0

4.8 4.8 0.0 0.0

.. ..

.. ..

133.8 0.0

369.8 0.0

603.2 0.0

536.8 0.0

408.1 0.0

413.4 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 0.0 100.0

0.0 0.0 0.0 0.0 100.0

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. 625.8 705.2 1804.5 28.1 -307.7 ..

4137.7 789.4 773.8 2025.4 31.2 -283.6 ..

4977.5 1023.6 922.1 2560.9 59.0 -484.6 951.7

5873.0 1175.3 1045.6 3259.9 88.4 -920.9 892.1

5566.8 1100.8 972.9 3164.3 102.0 -843.6 830.2

5745.0 1343.1 931.6 3381.7 38.2 -859.8 846.4

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. 4.5

.. .. .. .. .. .. 3.3

32.6 6.4 20.9 .. 100.0 231.6 3.1

25.5 6.0 1.6 .. 100.0 247.3 3.0

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)

178


KOSOVO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

342.2 342.2 342.2 342.2 342.2 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

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

16.3 16.3 16.3 16.3 16.3 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

4.8 4.8 4.8 4.8 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

.. ..

.. ..

.. ..

0.0 -207.7

-16.3 -16.3

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

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

2011

2012

2013

2014

2015

2016

2017

2018

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

0.0 0.0

Notes: Kosovo became independent in 2008 and, data are reported starting from 2009.

179


KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,136 1,825 1,665 161 178 132 3

2,471 2,101 1,831 270 163 206 5

2,747 2,278 1,898 380 150 319 7

3,498 2,942 1,963 980 165 391 6

3,986 3,395 2,320 1,076 167 424 2

3,984 3,612 2,442 1,171 177 195 12

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 1,963 980 96

2 2,320 1,076 609

7 2,442 1,171 156

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

921 879 42

660 635 26

702 668 34

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

226 200 26

483 462 22

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

165 119 0

152 75 69

-149 59 -195

250 202 72

241 151 111

709 617 73

472 435 37

-20 206 -238

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

24 20 4 0

76 69 2 5

35 21 1 13

31 19 1 11

38 23 1 15

51 42 1 8

43 37 1 5

73 69 0 4

96 0

-2 0

43 0

182 0

208 1

377 6

189 1

438 -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

.. 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

3.1 14.0 0.0 0.0 68.9

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

1.2 36.1 9.4

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

0.0 0.0 0.0

0.0 0.0 0.0

1,626 452 1 765 0 -235 134

1,288 590 9 753 37 -76 262

2,372 963 322 1,501 36 -37 612

2,786 1,326 481 2,342 40 -286 817

3,750 2,065 715 3,313 40 -227 1,177

4,938 2,812 1,232 4,990 173 -701 1,225

4,500 2,582 992 3,892 126 -102 1,584

4,466 2,543 1,275 4,319 327 -385 1,720

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

221.8 90.0 14.4 6.2 51.5 28.7 4.9

186.3 88.7 7.2 8.4 48.2 33.1 4.2

133.0 73.3 9.2 11.6 46.6 42.8 4.3

124.4 70.8 11.9 11.2 36.9 35.0 2.9

154.4 88.6 10.4 10.6 32.9 39.7 4.9

156.7 89.2 21.9 4.9 32.5 43.2 4.8

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)

180


KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,942 1,963 1,963 1,290 0 655 672 0 0 0 980 0

3,395 2,320 2,320 1,310 0 656 1,010 0 0 0 1,076 0

3,612 2,442 2,442 1,296 0 649 1,146 0 0 0 1,171 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

879 51 51 50 0 20 1 0 0 0 828 0

635 378 378 40 0 8 338 0 0 0 257 0

668 147 147 43 0 19 104 0 0 0 521 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

200 38 38 33 0 12 6 0 0 0 161 0

462 38 38 35 0 14 3 0 0 0 424 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

37 19 19 12 0 5 7 0 0 0 18 0

69 23 23 12 0 5 11 0 0 0 46 0

163 165

92 152

-296 -149

335 250

276 241

751 709

488 472

-2 -20

0 0 0

32 0 0

520 17 0

7 0 0

7 8 0

15 0 0

16 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

2011

2012

2013

2014

2015

2016

2017

2018

58 36

59 37

64 36

73 36

89 35

100 34

106 33

114 33

313 50

233 37

199 25

117 18

93 13

69 9

56 5

45 3

Notes: Data on long-term private nonguaranteed debt from 2008 are World Bank staff estimates based on reports provided by the country.

181


LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,155 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

5,008 4,987 2,720 2,267 21 0 0

5,458 5,442 2,818 2,625 16 0 0

5,559 5,549 2,939 2,610 10 0 0

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

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 2,267 13

0 2,818 2,625 123

0 2,939 2,610 0

External debt flows Disbursements Long-term external debt IMF purchases

110 92 18

77 77 0

472 472 0

491 491 0

1,058 1,058 0

756 756 0

599 599 0

233 233 0

Principal repayments Long-term external debt IMF repurchases

19 17 2

31 23 8

85 79 6

134 130 3

135 132 3

147 143 4

151 146 6

226 221 6

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

91 75 0

47 55 0

386 392 0

357 361 0

923 926 0

608 613 0

447 453 0

6 12 0

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

6 6 0 0

9 9 0 0

47 47 0 0

48 48 0 0

55 54 0 0

60 60 0 0

69 69 0 0

79 79 0 0

95 0

34 0

28 0

187 0

324 0

228 0

319 0

350 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

.. 1.1 0.0 0.0 13.1

.. 0.4 0.0 0.0 18.4

0.0 0.1 0.0 0.0 66.0

0.0 0.0 0.0 0.0 69.4

0.0 0.0 0.0 0.0 69.9

0.0 0.0 0.0 0.0 70.5

0.0 0.0 0.0 0.0 71.5

0.0 0.0 0.0 0.0 71.8

2.5 37.1 9.7

1.4 31.6 8.1

3.6 27.9 6.2

1.4 24.9 8.7

1.3 26.1 9.6

1.1 29.1 8.0

1.5 20.4 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 0.0

0.0 0.0 0.0

0.0 0.0 0.0

1,758 415 22 761 6 -237 99

1,664 513 1 638 0 -8 144

2,610 762 1 1,003 25 -174 309

3,249 1,122 4 1,173 23 75 462

4,050 1,244 6 1,202 48 139 708

5,202 1,526 18 1,566 26 115 877

5,916 1,486 38 1,669 43 9 919

7,040 .. 41 .. .. .. 1,105

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

373.0 109.0 17.4 .. 53.6 10.9 3.7

301.1 104.0 16.2 .. 49.6 13.7 4.7

352.6 108.4 15.2 .. 42.1 16.1 7.1

328.3 96.3 13.6 .. 39.3 17.5 6.7

367.3 92.3 14.8 .. 36.1 16.8 6.6

.. 79.0 .. .. 35.7 19.9 ..

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)

182


LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,987 2,720 2,720 1,966 0 685 755 0 0 0 2,267 0

5,442 2,818 2,818 1,971 0 680 847 0 0 0 2,625 0

5,549 2,939 2,939 1,983 0 655 955 0 0 0 2,610 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

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

756 174 174 84 0 17 90 0 0 0 581 0

599 152 152 50 0 4 102 0 0 0 447 0

233 89 89 25 0 3 64 0 0 0 144 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

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

143 43 43 40 0 13 3 0 0 0 100 0

146 57 57 47 0 14 10 0 0 0 89 0

221 62 62 56 0 15 6 0 0 0 159 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

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

60 23 23 18 0 5 5 0 0 0 37 0

69 25 25 18 0 5 7 0 0 0 43 0

79 29 29 18 0 5 10 0 0 0 50 0

86 91

-31 47

228 386

533 357

1,011 923

620 608

450 447

101 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

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

2011

2012

2013

2014

2015

2016

2017

2018

98 32

105 32

110 31

115 30

116 29

121 28

136 29

140 28

705 114

496 85

444 58

261 42

209 30

157 20

131 13

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.

183


LATVIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

463 271 271 0 160 31 0

4,855 1,979 827 1,151 35 2,842 0

14,240 6,747 1,053 5,694 0 7,493 0

22,496 12,021 1,257 10,764 0 10,476 0

39,040 22,335 1,477 20,858 0 16,705 0

41,847 26,879 1,945 24,934 825 14,144 0

41,822 30,408 6,602 23,806 1,119 10,295 0

39,555 25,319 6,891 18,428 1,513 12,723 0

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

0 252 19 116

0 818 1,160 98

0 1,034 5,713 211

0 1,239 10,782 3

0 1,460 20,875 11

0 1,930 24,949 1,325

0 6,590 23,818 4,739

0 6,837 18,482 2,665

External debt flows Disbursements Long-term external debt IMF purchases

75 75 0

410 410 0

5,160 5,160 0

6,862 6,862 0

9,281 9,281 0

10,604 9,758 846

10,372 10,097 275

7,103 6,694 410

Principal repayments Long-term external debt IMF repurchases

10 7 3

330 319 10

2,699 2,699 0

2,542 2,542 0

3,036 3,036 0

4,365 4,365 0

6,628 6,628 0

9,671 9,671 0

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

90 68 25

848 91 767

2,246 2,461 -215

7,303 4,320 2,983

12,474 6,245 6,229

3,678 5,393 -2,561

-105 3,469 -3,849

-139 -2,977 2,428

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

24 14 9 1

270 107 2 161

535 155 0 380

723 274 0 449

1,547 756 0 791

1,755 1,152 0 603

946 772 17 156

876 686 33 156

180 0

413 -7

714 12

1,664 22

2,316 -12

1,357 -50

94 -8

369 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

.. 26.2 0.0 0.0 45.0

.. 4.7 0.0 0.6 20.0

87.6 0.0 0.0 0.2 11.7

90.6 0.0 0.0 0.2 8.9

92.9 0.0 0.0 0.1 6.8

95.6 0.0 0.0 0.1 4.2

99.0 0.0 0.0 0.0 1.0

99.3 0.0 0.0 0.0 0.7

5.3 14.1 4.1

5.8 14.9 5.8

2.3 19.4 7.2

3.9 25.1 5.1

0.0 0.0 0.0

4.5 16.0 16.0

3.1 6.7 5.5

3.8 11.9 5.0

5.1 4.0 2.5

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

4.0 8.7 0.2

5.5 10.0 10.0

4.6 3.2 1.9

0.0 0.0 0.0

5,259 .. .. 2,246 0 -16 602

7,814 .. 72 4,010 92 -371 919

15,839 8,295 381 10,884 617 -1,992 2,360

19,347 9,861 482 14,862 983 -4,522 4,511

27,842 13,419 552 20,223 1,240 -6,425 5,761

33,338 15,958 601 21,219 611 -4,492 5,244

27,851 12,555 591 11,155 -1,462 2,284 6,902

24,073 13,808 614 14,055 129 731 7,606

.. 8.8 .. 6.7 30.1 130.1 3.2

.. 62.1 .. 58.5 11.2 18.9 2.8

171.7 89.9 39.0 52.6 2.2 16.6 2.6

228.1 116.3 33.1 46.6 1.9 20.1 3.6

290.9 140.2 34.2 42.8 1.4 14.8 3.4

262.2 125.5 38.4 33.8 1.8 12.5 3.0

333.1 150.2 60.3 24.6 10.7 16.5 7.4

286.5 164.3 76.4 32.2 13.3 19.2 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)

184


LATVIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

271 271 200 139 55 0 61 71 39 0 0 0

1,979 827 591 543 242 0 49 236 209 2 1,151 0

6,747 1,053 338 311 111 0 27 715 708 0 5,694 124

12,021 1,257 462 433 100 0 29 795 790 0 10,764 380

22,335 1,477 582 550 85 0 32 895 883 9 20,858 442

26,879 1,945 764 734 61 0 30 1,181 1,113 65 24,934 278

30,408 6,602 4,503 4,473 327 0 30 2,099 1,152 946 23,806 278

25,319 6,891 5,256 5,246 421 0 11 1,635 1,069 566 18,428 267

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 26 23 9 0 3 49 43 0 0 0

410 94 91 91 63 0 1 3 0 0 316 0

5,160 21 21 21 2 0 0 0 0 0 5,139 125

6,862 125 125 125 0 0 0 0 0 0 6,737 246

9,281 118 110 110 0 0 0 8 0 8 9,162 0

9,758 915 264 264 0 0 0 650 587 63 8,843 0

10,097 4,504 3,653 3,653 295 0 0 851 0 851 5,593 0

6,694 1,237 1,130 1,130 135 0 0 106 0 106 5,457 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

7 7 4 4 0 0 0 3 0 0 0 0

319 81 73 53 9 0 19 8 0 1 239 30

2,699 96 93 79 64 0 15 3 0 0 2,603 0

2,542 35 32 32 19 0 0 3 0 0 2,507 6

3,036 41 39 39 22 0 0 1 0 0 2,995 0

4,365 343 45 45 24 0 0 298 294 2 4,022 139

6,628 47 44 44 22 0 0 2 0 1 6,582 139

9,671 478 62 44 17 0 18 417 0 416 9,192 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

14 14 13 9 3 0 4 1 0 0 0 0

107 50 34 31 12 0 3 16 15 0 57 2

155 50 15 14 7 0 1 35 35 0 104 6

274 51 16 15 5 0 1 35 35 0 223 16

756 60 22 20 5 0 1 38 38 0 696 21

1,152 73 29 28 4 0 2 44 41 3 1,079 20

772 111 33 32 5 0 1 79 54 24 661 20

686 178 111 110 8 0 1 67 52 15 508 15

89 90

794 848

1,838 2,246

8,256 7,303

16,544 12,474

2,807 3,678

-25 -105

-2,267 -139

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

2011

2012

2013

2014

2015

2016

2017

2018

52 180

33 215

68 243

1,425 240

1,942 203

507 170

496 155

492 139

5,477 1,229

3,469 488

3,106 395

2,371 312

1,473 204

1,129 164

927 134

1,280 115

Notes: Short-term figures have been revised from 2006 as per the country reports.

185


LEBANON (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,974 1,609 1,559 50 0 1,365 10

10,244 7,704 6,968 736 0 2,541 0

23,327 19,877 18,866 1,011 0 3,450 0

25,112 20,912 20,107 805 0 4,200 0

25,636 21,437 20,907 530 80 4,118 0

24,321 21,066 20,596 470 117 3,138 0

24,500 21,285 20,615 670 119 3,096 0

24,293 20,713 20,213 500 98 3,482 0

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

43 1,559 50 1,553

0 6,942 762 2,188

0 18,866 1,011 2,991

0 20,107 805 3,808

0 20,907 530 3,329

0 20,596 470 2,598

0 20,615 670 2,964

0 20,213 500 1,925

External debt flows Disbursements Long-term external debt IMF purchases

907 907 0

2,445 2,445 0

3,179 3,179 0

3,817 3,817 0

3,452 3,374 78

2,749 2,709 40

3,332 3,332 0

2,143 2,143 0

Principal repayments Long-term external debt IMF repurchases

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

3,096 3,096 0

2,651 2,632 19

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

829 803 26

1,900 1,561 339

486 1,007 -521

1,563 813 750

291 296 -82

-1,136 -196 -980

195 237 -42

-122 -489 386

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

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

1,603 1,442 3 157

1,616 1,475 2 139

1,605 1,454 1 150

.. ..

.. ..

2,624 1,436

2,675 551

3,376 791

4,333 466

4,804 929

4,955 -50

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 68.8

.. 0.1 0.0 0.0 67.9

9.0 0.1 0.0 0.0 85.7

9.9 0.1 0.0 0.0 85.3

9.8 0.2 0.0 0.0 85.8

9.7 0.3 0.0 0.0 86.3

9.1 0.3 0.0 0.0 86.9

8.3 0.4 0.0 0.0 87.9

5.4 18.7 4.4

7.5 14.7 5.2

4.6 19.0 4.1

3.8 27.0 9.7

4.5 18.7 7.1

4.0 16.4 4.2

2.4 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

6.0 9.7 9.7

12,211 .. .. .. .. .. 8,100

17,581 .. .. .. .. .. 8,475

21,652 15,242 4,924 19,053 95 -2,748 16,618

22,621 17,250 5,202 20,335 96 -1,116 19,239

25,797 19,914 5,769 24,287 64 -1,605 20,599

30,517 25,548 7,181 32,011 121 -4,103 28,265

34,194 23,645 7,558 32,214 95 -6,741 39,132

40,032 22,229 5,114 32,188 208 -9,415 44,476

.. 24.4 .. 45.9 6.9 272.3 ..

.. 58.3 .. 24.8 8.7 82.7 ..

153.0 107.7 23.8 14.8 5.1 71.2 10.5

145.6 111.0 26.2 16.7 5.2 76.6 11.4

128.7 99.4 23.7 16.1 5.6 80.4 10.2

95.2 79.7 17.6 12.9 5.5 116.2 10.6

103.6 71.7 19.9 12.6 5.5 159.7 14.6

109.3 60.7 19.1 14.3 5.4 183.1 16.6

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)

186


LEBANON (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

19,877 18,866 2,172 1,193 360 0 979 16,694 16,142 545 1,011 1,011

20,912 20,107 2,312 1,304 314 0 1,008 17,796 17,253 534 805 805

21,437 20,907 2,437 1,438 437 0 999 18,470 17,707 755 530 530

21,066 20,596 2,432 1,349 368 0 1,082 18,165 17,490 667 470 470

21,285 20,615 2,356 1,339 318 0 1,017 18,259 17,704 549 670 670

20,713 20,213 2,226 1,320 321 0 906 17,987 17,422 559 500 500

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

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

3,179 2,649 106 78 32 0 28 2,543 2,500 43 530 530

3,817 3,817 238 213 37 0 25 3,579 3,547 29 0 0

3,374 3,374 287 242 162 0 45 3,087 2,738 349 0 0

2,709 2,709 421 161 40 0 260 2,288 2,257 30 0 0

3,332 3,132 223 173 23 0 51 2,909 2,894 15 200 200

2,143 2,143 199 134 24 0 65 1,943 1,925 17 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

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

3,096 3,096 334 187 73 0 147 2,762 2,706 55 0 0

2,632 2,462 298 161 20 0 137 2,164 2,151 12 170 170

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 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 17 40 40

1,475 1,431 88 44 11 0 43 1,344 1,328 15 43 43

1,454 1,403 100 63 4 0 37 1,303 1,289 13 51 51

839 829

1,760 1,900

200 486

1,785 1,563

523 291

-1,314 -1,136

179 195

-207 -122

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

2011

2012

2013

2014

2015

2016

2017

2018

535 95

484 90

314 81

312 74

257 65

237 57

226 48

190 39

2,257 1,283

2,951 1,134

1,955 914

1,988 763

1,179 673

1,579 550

1,929 409

580 326

Notes: Data on long-term private nonguaranteed debt only cover Bonds.

187


LESOTHO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

649.8 613.5 613.5 0.0 36.3 0.0 0.0

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

704.8 680.6 680.6 0.0 24.1 0.0 0.0

725.9 697.7 697.7 0.0 28.2 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

0.0 641.3 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

0.0 680.6 0.0 36.2

0.0 697.7 0.0 238.5

External debt flows Disbursements Long-term external debt IMF purchases

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

52.7 40.8 11.9

Principal repayments Long-term external debt IMF repurchases

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

30.6 24.6 5.9

27.1 19.6 7.5

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

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

6.8 12.7 0.0

25.6 21.2 0.0

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

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

7.5 7.5 0.0 0.0

275.3 ..

32.4 ..

69.1 0.0

58.5 1.3

104.5 0.0

110.0 0.0

100.9 0.0

117.0 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 0.8 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

5.5 0.0 0.3 0.0 45.3

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

5.0 27.0 6.6

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

0.0 0.0 0.0

1151.5 670.6 410.5 1203.8 71.4 -323.0 456.7

973.6 542.5 478.1 832.8 15.0 -151.4 417.9

1856.0 1397.6 603.5 1888.5 191.6 -16.9 519.1

1858.2 1477.1 586.0 1970.8 249.4 82.6 658.4

2008.5 1654.9 625.1 2251.8 301.2 98.5 ..

2131.0 1695.8 596.2 2244.8 333.9 143.7 ..

2267.8 1550.2 623.0 2276.4 296.4 -2.4 ..

2552.8 1778.1 745.9 2860.8 338.9 -421.4 ..

102.1 59.4 6.1 0.6 68.2 66.7 4.6

123.8 69.0 11.3 0.6 70.8 62.2 6.0

47.4 35.7 5.7 1.2 78.3 78.4 3.3

44.0 35.0 3.1 .. 84.4 101.3 4.0

40.9 33.7 5.9 .. 86.8 .. ..

40.6 32.3 2.2 .. 87.1 .. ..

45.5 31.1 2.5 0.0 86.1 .. ..

40.8 28.4 1.9 .. 85.8 .. ..

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)

188


LESOTHO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

680.6 680.6 667.1 606.8 2.5 310.7 60.3 13.6 0.0 13.0 0.0 0.0

697.7 697.7 684.1 622.7 1.8 328.4 61.4 13.6 0.0 13.2 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

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

40.8 40.8 40.8 37.4 0.0 29.4 3.4 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

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

24.6 24.6 23.9 21.0 0.7 6.9 2.9 0.7 0.0 0.6 0.0 0.0

19.6 19.6 19.3 16.5 0.7 7.2 2.8 0.3 0.0 0.2 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

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

7.5 7.5 6.4 4.8 0.0 2.3 1.6 1.0 0.0 1.0 0.0 0.0

61.8 45.7

-10.2 31.0

-104.7 -43.2

-12.1 -15.5

27.8 4.5

11.2 16.3

16.0 6.8

21.1 25.6

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

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

2011

2012

2013

2014

2015

2016

2017

2018

25.4 7.5

27.0 11.5

29.0 14.2

29.3 15.9

28.0 16.7

37.4 17.0

38.6 16.5

38.8 15.9

0.2 1.2

0.2 1.2

0.2 1.2

0.2 1.2

8.2 1.2

0.2 0.1

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.

189


LIBERIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2458.0 1152.8 1152.8 0.0 335.6 969.6 925.6

2792.1 1104.0 1104.0 0.0 292.3 1395.8 1395.8

3897.6 1179.1 1179.1 0.0 319.6 2398.9 2398.9

4114.1 1203.8 1203.8 0.0 335.7 2574.6 2574.6

3721.5 1033.5 1033.5 0.0 351.9 2336.1 2336.1

3128.1 865.0 865.0 0.0 858.0 1405.1 1405.1

1655.6 673.1 673.1 0.0 891.2 91.3 91.3

228.0 183.6 183.6 0.0 44.4 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

958.5 1152.8 0.0 0.0

1112.5 1104.0 0.0 0.0

1284.1 1179.1 0.0 0.0

1339.8 1203.8 0.0 5.0

1267.9 1033.5 0.0 0.0

424.1 865.0 0.0 0.0

250.4 673.1 0.0 0.0

78.6 183.6 0.0 10.0

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

0.0 0.0 0.0

0.0 0.0 0.0

880.5 0.0 880.5

17.6 0.0 17.6

17.3 3.7 13.6

Principal repayments Long-term external debt IMF repurchases

0.1 0.0 0.1

0.6 0.0 0.6

0.1 0.0 0.1

0.7 0.0 0.7

261.4 260.7 0.7

389.5 37.5 352.0

36.3 36.3 0.0

3.7 3.7 0.0

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

-0.1 0.0 0.0

-0.6 0.0 0.0

-0.1 0.0 0.0

-0.7 0.0 0.0

-261.4 -260.7 0.0

491.1 -37.5 0.0

-18.6 -36.3 0.0

13.5 0.0 0.0

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

1.5 0.0 1.5 0.0

0.1 0.0 0.1 0.0

0.9 0.0 0.8 0.0

0.1 0.0 0.0 0.0

380.5 380.5 0.0 0.0

545.0 69.0 475.9 0.0

27.7 16.8 10.9 0.0

1.8 0.6 1.2 0.0

5.0 ..

20.8 ..

82.8 ..

107.9 ..

131.6 ..

394.5 ..

217.8 ..

452.9 ..

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

.. 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 1.0 0.0 88.9

0.0 0.0 0.0 0.0 95.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 25.1 15.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.8 39.5 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

.. .. .. .. .. .. 28.1

388.5 .. .. 300.3 .. -84.4 0.3

417.2 354.7 31.9 1317.7 7.1 -183.5 25.4

443.9 509.5 78.8 1882.4 14.0 -172.8 72.0

559.9 562.2 62.0 1924.2 14.7 -223.2 119.4

672.8 781.0 58.1 2310.7 22.5 -354.3 160.9

734.4 472.2 25.1 1850.0 5.8 -277.2 372.5

804.5 430.9 26.7 1806.8 0.1 -415.7 ..

.. .. .. 39.4 18.4 1.1 ..

.. 718.7 .. 50.0 14.2 0.0 0.0

1098.8 934.2 0.3 61.5 11.3 0.7 0.2

807.5 926.8 0.2 62.6 10.9 1.7 0.5

661.9 664.7 114.2 62.8 5.2 3.2 0.7

400.5 464.9 119.6 44.9 5.0 5.1 0.8

350.6 225.4 13.5 5.5 9.3 22.5 2.4

52.9 28.3 1.3 .. 27.7 .. ..

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)

190


LIBERIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1152.8 1152.8 945.3 453.3 160.9 108.1 492.0 207.5 0.0 186.8 0.0 0.0

1104.0 1104.0 907.3 395.3 129.8 100.1 511.9 196.8 0.0 179.7 0.0 0.0

1179.1 1179.1 981.3 440.1 145.6 105.9 541.2 197.7 0.0 178.5 0.0 0.0

1203.8 1203.8 1005.2 447.9 146.6 108.9 557.2 198.7 0.0 178.2 0.0 0.0

1033.5 1033.5 831.0 192.2 0.0 76.6 638.7 202.5 0.0 180.8 0.0 0.0

865.0 865.0 669.8 157.9 0.0 72.0 511.9 195.2 0.0 195.2 0.0 0.0

673.1 673.1 652.6 154.5 0.0 69.0 498.1 20.5 0.0 20.5 0.0 0.0

183.6 183.6 183.6 63.1 0.0 0.0 120.5 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

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.7 3.7 3.7 0.0 0.0 0.0 3.7 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

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

260.7 260.7 260.7 260.7 162.5 35.3 0.0 0.0 0.0 0.0 0.0 0.0

37.5 37.5 37.5 37.5 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0

36.3 36.3 4.3 4.3 0.0 3.3 0.0 32.0 0.0 32.0 0.0 0.0

3.7 3.7 3.7 3.7 0.0 1.7 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

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

380.5 380.5 380.5 380.5 292.3 17.7 0.0 0.0 0.0 0.0 0.0 0.0

69.0 69.0 69.0 69.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0

16.8 16.8 11.8 11.8 0.0 0.5 0.0 5.0 0.0 5.0 0.0 0.0

0.6 0.6 0.6 0.6 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0

110.1 -0.1

246.7 -0.6

89.3 -0.1

216.5 -0.7

-392.5 -261.4

-593.4 491.1

-1472.5 -18.6

-1427.7 13.5

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

295.0 637.0 0.0

2.7 1449.2 32.0

92.1 1506.7 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

2011

2012

2013

2014

2015

2016

2017

2018

6.7 1.4

7.9 1.3

7.9 1.2

7.9 1.1

7.1 0.9

6.2 0.8

5.8 0.8

4.5 0.7

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: Historical data for long-term public and publicly guaranteed debt are revised based on reports provided by the Ministry of Finance. Data include the effects of Paris Club rescheduling agreement signed in 2008 and 2010 and of MDRI, in the amount of $64,756 thousand in 2010.

191


LITHUANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

11,433 6,108 2,001 4,107 0 5,325 0

18,571 12,865 4,588 8,277 0 5,706 0

29,443 21,680 5,879 15,800 0 7,763 0

31,788 23,614 5,347 18,267 0 8,174 0

31,821 25,871 9,072 16,800 0 5,949 0

29,602 24,133 11,664 12,468 0 5,469 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 1,978 4,130 0

0 4,575 8,290 2,513

0 5,871 15,809 822

0 5,343 18,271 110

0 9,072 16,800 4,458

0 11,664 12,468 3,214

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

7,332 7,332 0

7,021 7,021 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

5,689 5,689 0

8,014 8,014 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

-582 1,642 -2,225

-1,473 -993 -480

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

765 586 0 178

807 669 0 138

73 6

379 122

1,032 130

1,840 72

2,017 -166

2,070 3

126 -2

622 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

.. 9.8 0.0 3.2 34.4

.. 2.9 0.1 0.0 32.9

81.0 0.0 0.0 0.0 17.8

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 17.2

63.1 0.0 0.0 0.0 36.9

6.3 14.6 4.4

7.1 13.3 7.8

0.0 0.0 0.0

1.6 5.0 1.0

0.0 0.0 0.0

0.0 0.0 0.0

4.1 23.7 6.9

3.3 24.9 7.0

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

6.8 9.3 9.3

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

45,665 29,567 1,488 37,004 1,298 -6,356 6,444

37,544 20,948 1,172 20,948 -944 1,648 6,657

35,687 25,745 1,575 26,912 499 667 6,836

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

74.6 45.1 17.0 46.6 2.7 33.4 2.6

101.1 63.4 22.7 30.7 1.7 31.1 3.1

133.9 78.5 38.5 26.4 0.8 26.2 3.2

107.5 69.6 31.7 25.7 0.7 20.3 2.1

151.9 84.8 30.8 18.7 3.9 20.9 3.8

115.0 83.0 34.3 18.5 5.4 23.1 3.0

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)

192


LITHUANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

6,108 2,001 472 308 86 0 164 1,529 1,416 63 4,107 0

12,865 4,588 319 312 81 0 7 4,269 4,214 51 8,277 0

21,680 5,879 244 239 24 0 5 5,635 5,594 40 15,800 1,030

23,614 5,347 212 210 27 0 2 5,135 5,114 20 18,267 1,030

25,871 9,072 1,251 1,251 23 0 0 7,820 7,816 4 16,800 1,030

24,133 11,664 1,612 1,612 20 0 0 10,053 10,052 0 12,468 793

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

7,332 3,589 1,028 1,028 0 0 0 2,561 2,561 0 3,742 0

7,021 3,214 464 464 0 0 0 2,750 2,750 0 3,806 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

5,689 119 30 27 3 0 2 89 73 16 5,570 0

8,014 78 18 18 3 0 0 59 56 4 7,936 237

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 15 14 3 0 0 142 139 2 373 41

797 252 11 11 1 0 0 241 239 2 545 58

586 273 8 8 1 0 0 265 264 0 313 45

669 506 43 43 0 0 0 463 463 0 163 18

267 228

308 383

940 2,145

7,138 6,044

10,872 8,805

2,345 3,143

33 -582

-2,219 -1,473

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

2011

2012

2013

2014

2015

2016

2017

2018

25 44

26 47

18 49

21 50

38 50

124 49

144 46

142 43

3,138 1,124

3,586 989

3,366 787

2,336 649

2,484 472

2,041 376

1,733 288

1,279 218

Notes: Short-term debt data are based on reports provided by the country.

193


MACEDONIA, FYR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1,277 1,078 788 289 57 143 143

1,469 1,333 1,206 127 81 55 4

2,970 2,108 1,637 471 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

4,681 3,013 1,574 1,438 0 1,668 29

5,593 3,695 1,874 1,821 0 1,899 30

5,804 3,750 1,865 1,885 0 2,054 59

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 1,635 473 274

49 1,555 807 137

108 1,519 1,044 103

118 1,574 1,439 155

107 1,873 1,821 410

168 1,865 1,885 238

External debt flows Disbursements Long-term external debt IMF purchases

112 75 38

155 151 4

333 318 16

401 401 0

538 538 0

789 789 0

1,012 1,012 0

576 576 0

Principal repayments Long-term external debt IMF repurchases

20 19 1

93 74 19

182 171 11

439 430 10

542 485 57

293 293 0

375 375 0

455 455 0

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

74 56 -18

59 78 -3

117 147 -34

23 -29 61

713 52 717

566 496 69

867 637 230

248 121 127

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

11 9 2 1

45 37 3 5

92 54 1 37

125 82 2 40

163 88 1 74

181 104 0 77

177 93 0 84

214 122 0 92

9 0

215 0

97 54

424 86

699 170

587 -49

197 -14

296 -4

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

.. 6.5 1.1 0.9 49.7

.. 0.4 0.2 2.4 71.8

40.8 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

69.6 5.4 0.0 0.0 24.1

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

3.2 17.4 4.6

1.9 15.3 4.7

1.4 14.6 4.6

2.3 29.7 10.9

9.2 3.4 0.5

4.6 10.0 9.9

5.8 16.1 3.9

0.0 0.0 0.0

1.8 4.3 0.1

9.9 3.5 3.5

0.0 4.3 0.9

4,410 .. .. .. .. .. 275

3,541 1,679 81 2,386 31 -98 460

5,756 2,654 227 3,865 142 -159 1,340

6,359 3,147 267 4,413 59 -29 1,889

7,775 4,423 345 6,412 470 -606 2,264

9,719 5,268 407 7,961 253 -1,236 2,110

9,194 3,726 381 5,926 138 -599 2,288

8,920 4,402 388 6,467 239 -262 2,277

.. 29.0 .. 11.2 22.6 21.5 ..

87.5 41.5 8.2 3.7 38.8 31.3 2.3

111.9 51.6 10.3 26.9 30.8 45.1 4.2

104.4 51.7 17.9 26.4 31.3 57.5 5.1

94.1 53.5 15.9 38.4 25.0 54.4 4.2

88.9 48.2 9.0 35.6 22.4 45.1 3.2

150.1 60.8 14.8 33.9 19.3 40.9 4.6

131.8 65.1 15.2 35.4 19.2 39.2 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)

194


MACEDONIA, FYR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,108 1,637 1,202 914 244 364 288 435 177 252 471 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

3,013 1,574 1,277 1,047 237 386 230 297 209 79 1,438 0

3,695 1,874 1,321 1,081 271 382 240 552 468 77 1,821 0

3,750 1,865 1,354 1,112 315 367 242 512 434 72 1,885 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

318 293 104 94 54 8 11 189 187 2 25 0

401 112 83 71 11 5 12 29 0 28 289 0

538 142 138 108 54 0 31 3 0 3 396 0

789 174 137 86 52 0 52 37 0 30 615 0

1,012 347 103 76 43 0 27 244 244 0 665 0

576 182 175 149 72 0 26 7 0 7 394 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

293 78 74 52 8 6 21 5 0 4 215 0

375 88 81 60 9 7 21 7 0 5 287 0

455 98 90 64 11 8 26 9 0 7 357 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

104 54 41 33 10 3 8 14 10 3 50 0

93 47 33 26 8 3 6 15 10 5 46 0

122 56 21 15 3 3 7 35 32 3 66 0

174 74

44 59

153 117

315 23

876 713

520 566

912 867

211 248

256 0 0

44 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

2011

2012

2013

2014

2015

2016

2017

2018

119 22

113 20

117 18

122 16

120 14

110 12

102 10

89 8

403 121

357 90

565 45

142 43

293 35

106 25

104 18

121 12

Notes: Short-term debt is based on Central Bank data from 2004.

195


MADAGASCAR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,302 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

2,076 1,721 1,717 4 99 255 188

2,203 1,841 1,836 4 101 262 189

2,295 1,984 1,981 3 97 214 188

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

1,194 3,555 133 80

665 4,164 122 187

218 3,136 46 295

223 1,238 4 284

195 1,407 3 192

196 1,714 7 544

196 1,835 6 83

195 1,979 4 0

External debt flows Disbursements Long-term external debt IMF purchases

90 90 0

200 150 50

265 249 17

291 280 12

273 261 12

404 345 59

126 126 0

211 211 0

Principal repayments Long-term external debt IMF repurchases

38 24 15

79 74 5

48 38 10

36 36 0

9 9 0

20 20 0

34 34 0

39 37 2

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

59 66 7

45 76 -76

244 211 27

263 243 8

294 252 30

386 325 2

98 92 6

125 174 -47

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

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

17 16 0 1

10 ..

83 ..

85 ..

295 ..

773 ..

1,169 ..

1,066 ..

860 ..

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

.. 7.7 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

2.3 0.0 0.0 0.3 53.8

2.4 0.0 0.0 0.3 52.5

2.5 0.0 0.0 0.3 53.1

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

1.2 29.4 6.5

1.0 36.1 6.7

0.0 0.0 0.0

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 4.3 0.3

0.0 0.0 0.0

0.0 0.0 0.0

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 .. 2,484 .. -537 583

7,288 2,342 .. 3,606 .. -898 847

9,344 2,614 .. 4,805 .. -1,726 982

8,397 1,982 .. 4,134 .. -1,840 1,135

8,628 2,185 .. 3,351 .. -730 1,172

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 2.8

72.9 23.4 0.9 14.9 64.0 49.6 2.8

79.4 22.2 1.3 12.3 66.4 47.3 2.5

111.2 26.2 2.5 11.9 65.7 51.5 3.3

105.1 26.6 2.6 9.3 66.9 51.0 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)

196


MADAGASCAR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,721 1,717 1,710 1,378 0 1,066 332 7 0 6 4 0

1,841 1,836 1,829 1,447 0 1,105 382 7 0 6 4 0

1,984 1,981 1,973 1,536 0 1,161 437 7 0 6 3 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

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

345 342 342 300 0 211 41 0 0 0 3 0

126 124 124 71 0 31 54 0 0 0 2 0

211 211 211 117 0 76 94 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

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

20 20 20 5 0 1 14 0 0 0 1 0

34 32 32 14 0 1 18 0 0 0 1 0

37 36 36 11 0 1 25 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

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

16 16 16 12 0 8 4 0 0 0 0 0

226 59

-53 45

-295 244

-2,002 263

216 294

368 386

128 98

92 125

0 0 0

0 0 0

26 100 0

11 2,475 0

1 143 0

0 6 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

2011

2012

2013

2014

2015

2016

2017

2018

63 19

64 19

57 20

67 19

66 19

58 18

64 18

72 17

1 0

1 0

1 0

0 0

0 0

0 0

1 0

1 0

Notes: Madagascar was granted debt relief effective in 2006 under MDRI.

197


MALAWI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2237.8 2078.3 2078.3 0.0 116.0 43.5 1.4

2704.9 2544.1 2544.1 0.0 82.5 78.3 36.7

3183.2 3061.8 3061.8 0.0 75.2 46.2 34.2

848.1 764.6 764.6 0.0 19.5 64.0 0.0

790.4 759.5 759.5 0.0 31.0 0.0 0.0

893.7 769.0 769.0 0.0 124.7 0.0 0.0

1033.3 839.4 839.4 0.0 126.9 67.0 0.0

921.6 714.6 714.6 0.0 146.0 61.0 0.0

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

7.2 2075.2 3.1 102.3

72.3 2541.4 2.7 58.5

13.3 3061.8 0.0 24.7

0.0 764.6 0.0 20.1

0.0 759.5 0.0 94.4

0.0 769.0 0.0 178.0

0.0 839.4 0.0 193.7

0.0 714.6 0.0 82.0

External debt flows Disbursements Long-term external debt IMF purchases

226.7 215.1 11.6

127.0 118.6 8.5

96.5 88.5 8.0

108.4 94.0 14.5

79.1 68.9 10.2

162.5 65.6 97.0

107.1 107.1 0.0

99.9 78.8 21.2

Principal repayments Long-term external debt IMF repurchases

75.3 65.5 9.9

41.8 32.7 9.1

52.3 37.8 14.5

48.8 31.6 17.1

19.8 19.8 0.0

16.7 16.7 0.0

20.1 20.1 0.0

11.1 11.1 0.0

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

183.4 149.6 32.1

83.3 85.8 -1.9

45.3 50.8 1.0

111.7 62.3 52.0

-4.6 49.2 -64.0

145.8 48.9 0.0

154.0 87.0 67.0

82.9 67.7 -6.0

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

42.7 38.7 1.4 2.5

21.1 17.9 0.4 2.9

23.4 21.8 1.2 0.5

20.9 18.0 1.0 1.9

13.3 11.4 0.1 1.8

15.2 14.9 0.3 0.0

15.6 14.5 0.6 0.4

7.6 6.8 0.0 0.8

5.6 ..

26.0 ..

52.3 ..

72.2 ..

92.0 ..

170.0 ..

60.0 ..

140.0 ..

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

.. 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

8.5 0.0 0.0 0.0 56.1

5.0 0.0 0.0 0.0 57.1

3.5 0.0 0.0 0.0 54.2

3.2 0.0 0.0 0.0 52.7

2.6 0.0 0.0 0.0 41.8

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 35.4 12.7

1.4 30.6 7.3

0.8 36.1 9.4

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

0.0 0.0 0.0

0.0 0.0 0.0

1350.1 473.3 0.5 708.2 8.6 -78.0 115.0

1707.2 470.7 0.7 679.6 15.1 -73.5 246.5

2713.7 562.8 .. 1309.6 .. -702.2 165.5

3078.4 604.8 .. 1359.9 .. -701.1 141.9

3436.7 873.1 .. 1418.0 .. -718.5 227.3

4051.1 923.1 .. 1669.8 .. -661.5 253.9

4655.8 990.2 .. 1820.3 .. -767.2 163.3

4979.9 .. .. .. .. -705.1 ..

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

565.6 117.3 13.4 1.5 80.5 5.2 1.5

140.2 27.5 11.5 7.5 50.8 16.7 1.3

90.5 23.0 3.8 .. 55.3 28.8 1.9

96.8 22.1 3.5 .. 54.4 28.4 1.8

104.3 22.2 3.6 6.5 52.3 15.8 1.1

.. 18.5 .. 6.6 62.5 .. ..

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)

198


MALAWI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

2078.3 2078.3 2049.9 1708.3 55.0 1251.3 341.6 28.4 0.0 0.0 0.0 0.0

2544.1 2544.1 2526.1 2044.4 8.5 1592.2 481.8 17.9 0.0 0.0 0.0 0.0

3061.8 3061.8 3043.4 2561.4 0.0 1940.4 482.1 18.4 0.0 16.7 0.0 0.0

764.6 764.6 757.0 430.8 0.0 156.9 326.2 7.6 0.0 6.2 0.0 0.0

759.5 759.5 752.2 437.0 0.0 177.6 315.2 7.3 0.0 6.0 0.0 0.0

769.0 769.0 763.4 486.3 0.0 187.7 277.1 5.6 0.0 5.6 0.0 0.0

839.4 839.4 833.6 539.9 0.0 212.8 293.7 5.8 0.0 5.8 0.0 0.0

714.6 714.6 714.6 575.7 0.0 242.6 138.9 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

215.1 215.1 215.1 97.3 0.0 73.3 117.8 0.0 0.0 0.0 0.0 0.0

118.6 118.6 118.6 118.6 0.0 97.0 0.0 0.0 0.0 0.0 0.0 0.0

88.5 88.5 88.5 87.7 0.0 45.1 0.8 0.0 0.0 0.0 0.0 0.0

94.0 94.0 94.0 82.2 0.0 46.2 11.7 0.0 0.0 0.0 0.0 0.0

68.9 68.9 68.9 51.5 0.0 13.8 17.4 0.0 0.0 0.0 0.0 0.0

65.6 65.6 65.6 61.8 0.0 11.9 3.8 0.0 0.0 0.0 0.0 0.0

107.1 107.1 107.1 55.9 0.0 24.2 51.2 0.0 0.0 0.0 0.0 0.0

78.8 78.8 78.8 53.8 0.0 33.9 25.0 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

65.5 65.5 42.6 28.3 11.7 7.1 14.3 22.8 0.0 10.5 0.0 0.0

32.7 32.7 32.7 30.1 7.6 15.8 2.6 0.0 0.0 0.0 0.0 0.0

37.8 37.8 35.2 29.7 0.2 12.4 5.5 2.5 0.0 2.4 0.0 0.0

31.6 31.6 30.1 24.7 0.0 9.8 5.4 1.5 0.0 1.4 0.0 0.0

19.8 19.8 18.7 8.0 0.0 0.0 10.8 1.0 0.0 0.9 0.0 0.0

16.7 16.7 16.6 6.5 0.0 0.0 10.1 0.1 0.0 0.0 0.0 0.0

20.1 20.1 20.1 7.5 0.0 0.0 12.6 0.0 0.0 0.0 0.0 0.0

11.1 11.1 11.1 8.9 0.0 0.1 2.2 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

38.7 38.7 35.2 25.2 6.5 9.3 10.0 3.6 0.0 0.6 0.0 0.0

17.9 17.9 17.9 17.2 1.0 11.7 0.6 0.0 0.0 0.0 0.0 0.0

21.8 21.8 21.6 20.1 0.0 14.2 1.5 0.2 0.0 0.2 0.0 0.0

18.0 18.0 17.8 16.6 0.0 9.7 1.2 0.2 0.0 0.2 0.0 0.0

11.4 11.4 11.3 3.8 0.0 0.6 7.5 0.1 0.0 0.1 0.0 0.0

14.9 14.9 14.8 4.1 0.0 0.8 10.7 0.1 0.0 0.1 0.0 0.0

14.5 14.5 14.4 4.1 0.0 0.9 10.3 0.1 0.0 0.1 0.0 0.0

6.8 6.8 6.8 4.8 0.0 1.2 2.0 0.0 0.0 0.0 0.0 0.0

217.7 183.4

-36.4 83.3

-244.2 45.3

-2335.1 111.7

-57.6 -4.6

103.3 145.8

139.6 154.0

-111.7 82.9

0.0 0.0 0.0

0.0 0.0 0.0

1.0 53.6 0.0

179.7 2512.0 0.0

24.0 56.1 0.0

0.0 16.3 0.0

10.6 1.1 0.0

0.0 1.3 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

2011

2012

2013

2014

2015

2016

2017

2018

18.1 9.1

19.0 9.9

21.7 10.3

26.0 10.4

29.4 10.3

29.0 10.0

28.0 9.6

29.4 9.2

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: Malawi was granted debt relief effective in 2006 under MDRI. Data include the effects of Paris Club restructuring agreement signed in 2006. Data for 2008, 2009, and 2010 include the effects of Enhanced HIPC Initiative, in the amount of $835 thousand, $1,070 thousand, and $1,275 thousand respectively.

199


MALAYSIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

34,343 27,069 16,023 11,046 0 7,274 0

41,765 37,192 19,125 18,067 0 4,573 0

51,855 38,679 22,324 16,356 0 13,176 0

54,883 43,080 22,456 20,624 0 11,803 0

61,420 38,320 18,294 20,026 0 23,100 0

66,074 43,274 21,356 21,918 0 22,800 0

66,272 42,578 21,245 21,332 0 23,695 0

81,497 46,421 25,795 20,626 0 35,076 0

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

0 16,023 11,046 3,772

0 19,026 18,166 5,464

0 22,305 16,374 1,212

0 22,444 20,635 1,990

0 18,290 20,030 202

0 21,356 21,918 2,533

0 16,745 25,832 4,500

0 21,295 25,126 5,742

External debt flows Disbursements Long-term external debt IMF purchases

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

8,339 8,339 0

14,720 14,720 0

Principal repayments Long-term external debt IMF repurchases

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

9,793 9,793 0

11,349 11,349 0

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

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

-560 -1,455 895

14,753 3,372 11,381

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

1,591 1,150 0 441

2,287 2,021 0 266

2,183 1,858 0 325

2,347 1,867 0 480

2,602 2,009 0 594

2,521 2,044 0 476

2,264 1,683 0 581

1,935 1,638 0 297

4,178 0

3,788 0

3,966 -1,200

6,076 2,355

8,590 -669

7,376 -10,716

1,387 -449

9,509 ..

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 1.0 3.1 48.5

.. 27.7 0.2 0.0 63.1

4.2 22.4 0.0 0.0 71.2

4.6 19.7 0.0 0.0 74.0

6.2 21.0 0.0 0.0 71.1

5.0 20.8 0.0 0.0 73.1

0.1 15.9 0.0 0.0 83.3

0.1 12.4 0.0 0.0 87.3

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

0.0 0.0 0.0

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

2.3 4.7 2.6

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

182,577 217,062 1,556 182,624 9,932 29,770 101,995

214,731 242,135 1,329 197,959 13,838 38,914 92,166

188,934 197,637 1,131 160,256 11,119 31,801 96,704

229,960 254,129 1,301 218,485 .. 28,565 106,528

39.9 40.6 7.0 21.2 4.8 71.9 3.2

36.5 48.5 5.6 11.0 3.1 68.6 3.3

31.1 39.4 5.6 25.4 1.8 135.9 5.9

28.7 36.2 4.0 21.5 1.5 151.0 6.2

28.3 33.6 4.8 37.6 0.8 166.1 6.7

27.3 30.8 3.6 34.5 0.6 139.5 5.6

33.5 35.1 6.1 35.8 0.5 145.9 7.2

32.1 35.4 5.2 43.0 0.3 130.7 5.9

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)

200


MALAYSIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

27,069 16,023 5,489 1,644 1,059 0 3,845 10,533 6,062 4,171 11,046 1,765

37,192 19,125 4,950 1,314 812 0 3,637 14,175 9,836 2,292 18,067 3,402

38,679 22,324 6,542 936 533 0 5,606 15,782 12,521 1,867 16,356 7,623

43,080 22,456 6,605 798 437 0 5,807 15,850 12,702 1,987 20,624 7,960

38,320 18,294 4,374 471 135 0 3,903 13,920 11,660 1,307 20,026 7,009

43,274 21,356 5,164 399 85 0 4,765 16,192 11,661 3,729 21,918 6,568

42,578 21,245 4,092 303 39 0 3,789 17,154 13,198 3,380 21,332 5,927

46,421 25,795 3,750 237 0 0 3,513 22,045 15,575 6,045 20,626 4,893

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

8,503 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

8,339 5,319 47 8 0 0 39 5,271 4,500 771 3,020 0

14,720 6,014 18 5 0 0 13 5,996 2,339 3,658 8,706 400

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

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

9,793 5,351 1,053 102 47 0 951 4,298 2,959 1,119 4,442 1,398

11,349 1,863 688 75 38 0 612 1,176 0 992 9,486 715

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

1,150 805 284 128 83 0 155 522 251 190 345 28

2,021 1,159 259 98 66 0 160 900 599 189 862 159

1,858 1,208 314 47 33 0 267 894 746 91 650 363

1,867 1,177 228 40 27 0 188 949 782 109 690 437

2,009 1,166 202 32 19 0 170 964 795 119 843 434

2,044 991 129 20 8 0 109 862 735 90 1,053 373

1,683 813 124 15 4 0 109 689 589 83 870 339

1,638 955 97 10 2 0 87 857 702 147 684 295

4,007 5,138

-21 337

-160 601

3,027 396

6,537 8,516

4,655 -1,378

198 -560

15,224 14,753

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

2011

2012

2013

2014

2015

2016

2017

2018

627 82

594 68

341 55

314 46

253 38

228 31

198 25

176 19

8,385 1,337

5,584 1,191

4,174 1,081

5,989 984

8,059 720

2,227 482

1,657 419

61 397

Notes: Long-term public and publicly guaranteed, long-term private nonguaranteed debt and short-term debt for 2010 are World Bank staff estimates based on government statistics. Short-term debt data for 2010 are based on reports provided by the country.

201


MALDIVES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

155 152 152 0 0 3 0

206 185 185 0 0 21 0

461 399 330 70 6 56 0

683 579 384 195 6 98 0

1,038 853 444 408 6 179 0

1,140 920 497 423 4 216 2

1,164 970 569 400 9 186 1

1,229 989 653 336 16 224 3

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

0 152 0 29

0 183 1 38

0 300 99 74

0 356 223 144

0 419 434 71

9 475 445 194

9 550 420 114

2 638 351 127

External debt flows Disbursements Long-term external debt IMF purchases

35 35 0

14 14 0

130 124 6

209 209 0

323 323 0

163 163 0

199 191 8

212 204 8

Principal repayments Long-term external debt IMF repurchases

7 7 0

14 14 0

31 31 0

42 42 0

69 69 0

89 86 2

150 147 3

179 179 1

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

30 28 2

-4 0 -3

123 93 24

209 167 42

335 254 81

109 76 35

19 44 -30

69 26 36

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

4 4 0 0

6 5 0 1

13 11 0 2

20 15 0 5

32 22 0 10

36 27 0 9

26 21 0 6

24 14 0 10

7 ..

22 ..

53 ..

64 ..

91 ..

135 ..

112 ..

164 ..

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 51.3

.. 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

18.3 4.5 0.0 0.0 47.4

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

1.6 23.3 6.5

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

0.0 0.0 0.0

379 322 2 337 20 -18 48

594 468 2 492 34 -51 123

726 495 2 910 31 -273 189

878 793 3 1,103 41 -302 234

1,011 899 3 1,323 45 -438 311

1,208 1,063 3 1,647 36 -647 244

1,265 834 4 1,196 26 -419 276

1,419 953 4 1,349 31 -463 364

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

93.2 63.6 8.8 12.2 37.9 41.0 2.5

86.2 77.8 7.8 14.4 31.9 34.3 2.6

115.5 102.7 11.2 17.2 25.3 30.0 2.8

107.2 94.3 11.7 18.9 24.5 21.4 1.8

139.6 92.1 21.2 15.9 24.8 23.7 2.8

128.8 86.6 21.3 18.2 25.4 29.7 3.2

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)

202


MALDIVES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

152 152 143 88 0 36 54 9 0 3 0 0

185 185 155 119 0 46 36 30 0 24 0 0

399 330 280 175 0 64 105 50 0 50 70 0

579 384 321 218 0 70 103 63 0 63 195 0

853 444 360 262 0 77 98 84 0 84 408 0

920 497 383 279 0 79 104 114 0 114 423 0

970 569 472 288 0 84 183 97 0 97 400 0

989 653 548 311 0 99 236 105 0 105 336 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

35 35 31 16 0 4 15 4 0 2 0 0

14 14 6 6 0 3 0 7 0 6 0 0

124 52 35 16 0 5 19 16 0 16 72 0

209 67 50 39 0 3 11 17 0 17 142 0

323 74 45 39 0 5 6 29 0 29 249 0

163 102 55 36 0 4 19 47 0 47 60 0

191 114 109 16 0 6 93 5 0 5 78 0

204 143 109 47 0 17 63 34 0 34 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

7 7 5 1 0 0 4 2 0 1 0 0

14 14 7 2 0 0 4 7 0 6 0 0

31 24 15 4 0 1 11 9 0 8 7 0

42 25 18 4 0 1 14 7 0 7 16 0

69 33 22 8 0 1 14 11 0 11 36 0

86 40 25 13 0 1 12 15 0 15 46 0

147 47 24 12 0 1 12 23 0 23 100 0

179 53 29 16 0 2 13 24 0 24 125 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 3 1 0 0 2 1 0 0 0 0

5 5 3 1 0 0 1 2 0 2 0 0

11 9 7 2 0 1 5 2 0 2 2 0

15 11 8 2 0 1 6 3 0 3 4 0

22 13 9 4 0 1 5 4 0 4 9 0

27 14 9 5 0 1 4 5 0 5 13 0

21 13 8 4 0 1 3 5 0 5 7 0

14 10 6 3 0 1 3 4 0 4 5 0

31 30

-13 -4

92 123

222 209

355 335

102 109

24 19

64 69

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

2011

2012

2013

2014

2015

2016

2017

2018

115 7

56 7

35 7

34 7

31 7

37 7

31 6

30 6

121 18

89 14

75 10

50 7

41 5

32 4

26 2

21 1

Notes: Short-term debt data are World Bank staff estimates based on government statistics.

203


MALI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,958 2,739 2,739 0 147 72 28

2,960 2,671 2,671 0 176 114 42

3,201 3,036 3,036 0 109 55 6

1,591 1,553 1,553 0 8 30 6

1,826 1,807 1,807 0 13 6 6

2,031 1,985 1,985 0 40 7 7

2,071 2,002 2,002 0 44 25 1

2,326 2,271 2,271 0 49 6 0

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

342 2,739 0 163

541 2,671 0 245

80 3,036 0 440

91 1,553 0 337

27 1,807 0 436

36 1,985 0 302

4 2,002 0 533

1 2,271 0 502

External debt flows Disbursements Long-term external debt IMF purchases

238 193 45

109 100 9

282 280 2

151 145 6

261 257 4

263 234 28

497 494 3

318 312 6

Principal repayments Long-term external debt IMF repurchases

62 55 7

66 50 16

69 52 17

58 58 0

43 43 0

44 44 0

46 46 0

39 39 0

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

200 138 24

-31 50 -73

219 228 5

68 87 -25

194 214 -24

218 190 0

475 448 24

260 272 -18

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

25 22 1 2

26 18 1 8

31 27 0 3

26 24 0 2

20 19 0 1

25 25 0 0

22 22 0 0

22 21 0 0

111 0

82 0

188 9

48 3

54 -6

132 -3

718 -3

148 ..

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 1.8 2.1 22.5

.. 2.9 1.8 1.5 33.9

14.4 2.1 0.1 1.6 45.2

19.8 3.8 0.2 3.4 29.8

18.1 3.3 0.0 0.0 32.0

15.4 3.5 0.0 0.0 31.6

3.1 0.0 0.0 0.0 34.1

3.5 0.0 0.0 0.0 36.7

1.5 31.2 8.8

0.6 34.9 8.8

1.1 34.4 8.6

0.7 38.7 8.2

1.4 32.0 8.2

1.1 36.8 9.3

1.1 34.3 8.6

0.8 28.9 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

5.9 11.4 4.9

4.0 11.2 4.7

0.0 0.0 0.0

2,419 538 112 1,040 5 -284 323

2,392 665 73 1,046 76 -255 382

5,099 1,407 177 2,072 155 -438 854

5,524 1,897 212 2,441 215 -219 970

7,146 1,985 344 2,966 243 -581 1,087

8,425 2,604 431 4,126 278 -1,066 1,072

8,603 2,180 454 3,321 430 -655 1,604

8,909 2,425 436 3,588 0 -705 1,344

550.2 122.3 16.1 2.4 47.2 10.9 3.7

445.4 123.7 14.0 3.8 51.1 12.9 4.4

227.5 62.8 7.1 1.7 70.0 26.7 4.9

83.9 28.8 4.5 1.9 44.2 60.9 4.8

92.0 25.5 3.2 0.3 52.8 59.5 4.4

78.0 24.1 2.7 0.3 56.5 52.8 3.1

95.0 24.1 3.1 1.2 75.6 77.5 5.8

95.9 26.1 2.5 0.3 76.9 57.8 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)

204


MALI (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,036 3,036 3,032 2,241 0 1,424 791 5 0 5 0 0

1,553 1,553 1,546 703 0 297 843 7 0 7 0 0

1,807 1,807 1,800 964 0 452 836 7 0 7 0 0

1,985 1,985 1,979 1,148 0 534 831 5 0 5 0 0

2,002 2,002 1,995 1,565 0 698 430 7 0 7 0 0

2,271 2,271 2,266 1,790 0 840 476 5 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

193 193 193 146 0 85 47 0 0 0 0 0

100 100 100 85 0 49 14 0 0 0 0 0

280 280 277 211 0 111 66 3 0 3 0 0

145 145 144 109 0 49 35 1 0 1 0 0

257 257 257 190 0 139 67 0 0 0 0 0

234 234 234 221 0 88 13 0 0 0 0 0

494 494 491 384 0 160 107 3 0 3 0 0

312 312 312 260 0 153 51 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

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

43 43 42 21 0 0 22 1 0 1 0 0

44 44 43 25 0 0 18 1 0 1 0 0

46 46 45 32 0 1 13 1 0 1 0 0

39 39 38 30 0 2 8 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

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

22 22 21 15 0 4 6 0 0 0 0 0

21 21 21 15 0 5 6 0 0 0 0 0

264 200

-236 -31

-64 219

-1,609 68

234 194

206 218

39 475

256 260

0 0 0

0 34 45

0 33 0

0 1,898 0

0 105 0

0 9 0

0 498 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

2011

2012

2013

2014

2015

2016

2017

2018

91 27

96 29

97 31

100 31

110 31

108 30

116 29

136 28

4 0

4 0

1 0

1 0

1 0

0 0

0 0

0 0

Notes: Mali was granted debt relief effective in 2006 under MDRI. The data for Principal Arrears on long-term have been revised since 2001.

205


MAURITANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,396 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

1,704 1,437 1,437 0 13 254 128

1,986 1,669 1,669 0 16 301 135

2,048 1,840 1,840 0 16 192 134

2,461 2,174 2,174 0 50 237 76

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

174 2,127 0 114

337 2,029 0 106

213 2,072 0 395

223 1,389 0 158

218 1,437 0 307

252 1,669 0 326

212 1,840 0 692

134 2,174 0 470

External debt flows Disbursements Long-term external debt IMF purchases

133 111 22

123 115 8

143 143 0

175 175 0

197 185 13

297 294 3

263 263 0

446 412 34

Principal repayments Long-term external debt IMF repurchases

79 70 9

52 46 6

42 33 10

66 44 23

93 93 0

38 38 0

53 53 0

76 76 0

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

68 42 14

62 69 -9

92 111 -9

149 131 41

131 92 27

300 257 40

102 210 -108

473 336 103

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

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

33 31 0 1

7 0

40 0

814 ..

106 ..

138 ..

338 ..

-38 ..

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

.. 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 35.9

9.4 0.1 0.0 0.1 37.7

8.2 0.0 0.0 0.0 38.9

6.8 0.0 0.0 0.0 44.3

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

6.1 15.1 4.2

2.2 21.9 5.8

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

0.0 0.0 0.0

1,366 506 5 559 4 22 90

1,092 .. .. .. .. .. 49

1,922 .. .. .. .. .. 70

2,334 1,573 .. 1,778 .. 159 194

2,828 1,627 .. 2,286 .. 144 207

3,619 2,056 .. 2,810 .. 197 199

3,079 1,614 .. 2,136 .. -386 238

3,672 .. .. .. .. .. 288

473.9 175.3 23.1 7.1 38.6 3.8 1.9

.. 217.8 .. 10.6 41.8 2.1 ..

.. 120.1 .. 7.2 61.2 3.0 ..

102.9 69.3 5.8 14.1 45.1 12.0 1.3

104.7 60.2 7.4 14.9 47.0 12.2 1.1

96.6 54.9 3.1 15.1 46.4 10.0 0.8

126.9 66.5 4.8 9.4 53.8 11.6 1.3

.. 67.0 .. 9.6 54.9 11.7 ..

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)

206


MAURITANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,437 1,437 1,417 800 0 203 616 20 0 20 0 0

1,669 1,669 1,655 922 0 243 734 14 0 14 0 0

1,840 1,840 1,827 1,103 0 282 725 12 0 12 0 0

2,174 2,174 2,173 1,350 0 316 823 1 0 1 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

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

263 263 263 209 0 38 54 0 0 0 0 0

412 412 412 306 0 39 106 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

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

76 76 65 56 0 1 9 11 0 11 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

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

31 31 31 18 0 2 12 1 0 1 0 0

136 68

-155 62

-15 92

-690 149

86 131

281 300

62 102

414 473

65 15 0

11 53 0

10 25 0

0 905 0

0 67 0

0 38 0

0 2 0

116 175 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

2011

2012

2013

2014

2015

2016

2017

2018

82 58

119 74

156 81

169 80

168 76

191 71

191 65

195 59

1 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Mauritania was granted debt relief effective in 2006 under MDRI.

207


MAURITIUS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,415 1,414 1,147 267 0 1 1

946 946 828 118 0 .. 0

782 782 716 66 0 .. 0

629 629 580 49 0 .. 0

668 668 605 62 0 .. 0

632 632 583 49 0 .. 0

826 818 737 81 0 8 0

1,076 1,072 972 100 0 3 0

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

0 1,147 267 566

0 828 118 101

0 716 66 62

0 580 49 56

0 605 62 150

0 583 49 114

0 737 81 1,260

0 972 100 266

External debt flows Disbursements Long-term external debt IMF purchases

409 409 0

128 128 0

138 138 0

39 39 0

118 118 0

114 114 0

285 285 0

388 388 0

Principal repayments Long-term external debt IMF repurchases

154 154 0

401 401 0

197 197 0

226 226 0

126 126 0

138 138 0

108 108 0

113 113 0

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

255 255 ..

-273 -273 ..

-59 -59 ..

-187 -187 ..

-8 -8 ..

-24 -24 ..

177 177 ..

270 275 -4

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

56 56 0 0

52 52 0 0

30 30 0 0

29 29 0 0

26 26 0 0

23 23 0 0

21 20 0 1

17 17 0 0

19 22

266 -4

42 36

107 35

341 50

378 34

257 206

431 -40

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

.. 1.2 1.7 0.2 42.3

.. 2.6 1.6 0.3 45.9

49.1 5.5 1.5 0.2 24.6

53.3 6.1 1.7 0.2 20.3

51.8 6.4 1.5 0.2 21.4

46.5 8.3 1.5 0.1 24.5

40.8 6.0 1.1 0.0 31.9

32.0 4.8 0.8 0.0 31.1

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

4.0 15.6 5.5

1.1 18.2 5.1

1.3 18.5 5.3

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

0.0 0.0 0.0

4,021 2,402 132 2,525 16 -22 887

4,553 2,671 177 2,772 8 -37 914

6,276 3,899 215 4,284 34 -324 1,372

6,559 4,374 215 5,050 88 -604 1,309

8,016 5,259 215 5,818 90 -434 1,832

9,813 5,748 215 6,948 163 -976 1,796

8,891 4,635 211 5,514 195 -655 2,316

9,798 5,413 226 6,396 92 -800 2,619

58.9 35.2 8.7 0.1 19.1 62.7 4.2

35.4 20.8 16.9 .. 22.8 96.6 4.0

20.1 12.5 5.8 .. 32.0 175.3 3.8

14.4 9.6 5.8 .. 35.2 208.1 3.1

12.7 8.3 2.9 .. 38.0 274.3 3.8

11.0 6.4 2.8 .. 42.7 284.2 3.1

17.8 9.3 2.8 0.9 45.6 280.4 5.0

19.9 11.0 2.4 0.3 46.5 243.4 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)

208


MAURITIUS (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1,414 1,147 663 270 140 17 393 484 150 315 267 0

946 828 494 216 86 13 278 334 0 324 118 0

782 716 504 250 68 10 253 213 0 162 66 0

629 580 440 221 61 10 219 140 0 108 49 0

668 605 497 253 81 9 243 109 0 79 62 0

632 583 500 270 103 9 230 83 0 59 49 0

818 737 652 377 204 8 275 85 0 65 81 0

1,072 972 884 501 197 7 383 88 0 73 100 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

409 353 39 18 11 0 21 313 150 159 56 0

128 119 43 17 4 0 26 76 0 76 9 0

138 126 62 31 2 0 31 64 0 61 11 0

39 28 28 14 1 0 14 0 0 0 11 0

118 89 89 47 31 0 41 0 0 0 29 0

114 86 86 48 30 0 38 0 0 0 28 0

285 217 197 129 109 0 68 19 0 19 69 0

388 319 292 158 3 0 133 27 0 27 69 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

154 94 60 33 23 1 27 33 0 22 60 0

401 385 55 34 18 1 21 330 150 146 16 0

197 176 87 31 9 1 56 89 0 81 21 0

226 203 115 52 8 1 62 89 0 67 23 0

126 105 61 26 11 1 35 44 0 38 21 0

138 104 83 26 9 1 56 21 0 16 35 0

108 71 51 25 8 1 26 20 0 15 37 0

113 64 44 22 6 1 23 20 0 15 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

56 50 35 16 11 0 19 14 0 12 6 0

52 51 23 9 5 0 14 29 5 22 1 0

30 30 19 7 2 0 13 10 0 8 0 0

29 29 19 9 3 0 10 10 0 8 0 0

26 26 18 9 4 0 9 8 0 6 1 0

23 23 18 9 4 0 9 5 0 4 0 0

20 20 16 7 3 0 9 3 0 2 1 0

17 16 15 5 3 0 9 2 0 2 1 0

317 255

-325 -273

-142 -59

-153 -187

39 -8

-36 -24

194 177

250 270

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

2011

2012

2013

2014

2015

2016

2017

2018

63 20

68 23

65 24

97 25

159 24

169 22

164 20

161 17

48 7

34 5

32 3

19 3

15 2

11 1

10 1

9 1

Notes: Long-term private nonguaranteed debt data and short-term debt data from 2009 are based on reports provided by the country. Historical private nonguaranteed debt data are World Bank staff estimates. Short-term debt data before 2009 are excluded since BIS data include debt liabilities of offshore centers located in the country.

209


MEXICO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

165,841 143,640 108,482 35,158 0 22,201 0

161,192 134,934 96,029 38,905 0 26,258 0

178,611 151,249 105,376 45,872 0 27,362 0

187,137 158,732 113,950 44,782 0 28,405 0

171,485 143,895 99,374 44,521 0 27,590 0

200,081 161,068 111,467 49,600 0 39,013 0

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

0 93,471 18,779 24,610

0 81,210 50,758 10,828

0 108,448 35,192 14,933

0 96,022 38,912 14,974

0 105,374 45,875 16,663

0 113,950 44,782 24,384

0 99,374 44,521 23,318

0 111,467 49,600 28,741

External debt flows Disbursements Long-term external debt IMF purchases

42,966 29,678 13,288

34,024 32,830 1,194

25,948 25,948 0

29,483 29,483 0

33,335 33,335 0

33,704 33,704 0

32,005 32,005 0

39,706 39,706 0

Principal repayments Long-term external debt IMF repurchases

15,309 14,165 1,144

44,451 38,958 5,493

25,098 25,098 0

42,434 42,434 0

24,285 24,285 0

23,568 23,568 0

22,315 22,315 0

21,680 21,680 0

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

25,635 15,513 -2,022

-15,557 -6,128 -5,130

2,739 850 1,889

-8,894 -12,951 4,057

10,154 9,050 1,104

11,178 10,135 1,043

8,875 9,690 -815

29,449 18,026 11,423

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

10,801 7,645 545 2,611

14,059 12,014 153 1,892

10,571 8,624 0 1,947

11,343 9,677 0 1,665

12,234 10,218 0 2,016

9,458 8,551 0 907

8,436 7,710 0 726

9,536 7,090 0 2,446

9,526 519

18,110 447

24,122 3,353

20,052 2,805

29,734 -482

26,295 -3,503

15,334 4,169

18,679 641

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

.. 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

6.4 6.1 1.1 0.6 85.8

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

3.1 19.5 7.9

1.3 18.0 9.9

0.9 16.8 11.3

6.2 3.6 2.5

8.4 9.4 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

5.5 9.5 8.6

4.2 15.4 14.1

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

834,030 235,409 22,742 262,626 7,107 -5,080 74,110

933,395 272,390 26,543 302,826 10,173 -4,487 76,329

1,016,935 297,114 26,871 332,360 11,609 -8,851 87,208

1,079,005 316,949 26,035 358,750 10,091 -16,339 95,300

867,973 249,740 22,014 277,623 7,891 -6,352 99,889

1,025,199 319,198 22,048 346,329 6,576 -5,626 120,584

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

70.4 19.9 15.2 13.4 9.9 44.7 3.4

59.2 17.3 19.7 16.3 5.1 47.4 3.0

60.1 17.6 12.3 15.3 5.1 48.8 3.1

59.0 17.3 10.4 15.2 5.7 50.9 3.2

68.7 19.8 12.3 16.1 10.0 58.2 4.3

62.7 19.5 9.8 19.5 10.6 60.3 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)

210


MEXICO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

143,640 108,482 18,770 16,478 8,881 0 2,292 89,712 68,548 20,272 35,158 19,442

134,934 96,029 10,263 8,210 4,211 0 2,053 85,766 64,025 20,940 38,905 19,389

151,249 105,376 11,009 9,114 4,540 0 1,894 94,368 69,217 24,414 45,872 22,680

158,732 113,950 12,417 10,648 5,867 0 1,769 101,534 78,240 22,590 44,782 19,958

143,895 99,374 21,212 17,232 10,143 0 3,980 78,161 58,890 17,552 44,521 21,525

161,068 111,467 25,655 21,112 12,462 0 4,542 85,813 63,519 19,530 49,600 29,970

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

29,678 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

25,948 15,143 2,309 1,946 997 0 363 12,833 10,096 2,665 10,806 6,669

29,483 14,977 2,365 2,108 1,429 0 257 12,612 8,069 4,439 14,506 4,506

33,335 15,625 2,165 1,739 671 0 426 13,459 11,746 1,591 17,710 5,826

33,704 24,746 2,761 2,613 1,940 0 147 21,985 18,224 3,665 8,958 931

32,005 21,926 8,719 7,571 4,882 0 1,148 13,206 10,897 1,728 10,079 5,067

39,706 26,862 5,721 4,247 2,449 0 1,474 21,141 11,984 7,125 12,844 11,298

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

14,165 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

25,098 15,682 2,527 1,982 1,379 0 545 13,155 9,989 2,983 9,416 2,645

42,434 31,570 10,948 10,420 6,100 0 527 20,623 15,003 5,414 10,864 4,703

24,285 13,541 1,539 901 342 0 638 12,001 10,307 1,482 10,744 2,536

23,568 13,834 1,459 1,120 596 0 339 12,374 9,649 2,542 9,735 3,247

22,315 11,869 1,792 1,110 669 0 682 10,077 4,965 4,296 10,446 3,500

21,680 13,938 1,676 667 194 0 1,009 12,263 7,118 4,132 7,742 2,826

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

7,645 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

8,624 6,758 847 769 437 0 78 5,912 5,474 404 1,866 957

9,677 6,412 912 832 461 0 80 5,500 5,047 414 3,266 1,621

10,218 6,435 513 433 232 0 80 5,922 5,532 355 3,783 1,694

8,551 5,752 458 394 200 0 64 5,294 4,957 309 2,799 1,310

7,710 4,937 551 459 247 0 92 4,386 3,774 562 2,773 1,583

7,090 4,604 628 531 246 0 97 3,976 3,671 280 2,486 1,379

26,833 25,635

-15,837 -15,557

3,557 2,739

-4,648 -8,894

17,418 10,154

8,526 11,178

-15,652 8,875

28,596 29,449

0 293 13

0 478 6,644

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 1,746

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

2011

2012

2013

2014

2015

2016

2017

2018

1,975 379

1,531 341

1,485 307

1,433 272

1,375 238

1,361 212

1,245 189

1,708 166

13,884 7,933

13,033 7,005

16,899 5,954

10,750 5,063

11,202 4,495

5,763 4,107

11,125 3,524

1,998 3,092

Notes: Short-term debt for 2010 is based on reports provided by the country.

211


MOLDOVA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,557 1,986 784 1,203 154 1,417 38

4,615 2,723 817 1,906 327 1,564 37

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

173 784 1,203 70

172 817 1,906 183

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

642 459 183

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

316 301 15

307 299 8

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

67 -30 113

483 161 148

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

80 47 0 32

26 -1

128 3

191 1

240 2

534 2

713 11

128 2

194 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

.. 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 3.0 0.0 0.0 66.6

9.5 2.9 0.0 0.0 69.4

6.8 10.4 3.3

0.4 39.7 10.2

1.5 29.2 7.4

0.8 39.4 10.1

3.0 23.8 6.2

0.8 39.6 10.1

1.2 26.6 8.4

1.8 15.8 5.3

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

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 -388 775

4,819 2,709 1,498 4,615 182 -674 1,334

6,653 3,388 1,897 6,014 152 -987 1,672

5,743 2,586 1,211 4,276 156 -469 1,480

6,280 3,021 1,370 4,850 155 -523 1,718

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

117.1 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

137.6 61.9 14.9 39.8 14.5 41.6 4.2

152.7 73.5 12.8 33.9 12.0 37.2 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)

212


MOLDOVA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,986 784 780 514 110 332 266 4 0 4 1,203 0

2,723 817 814 556 93 386 258 3 0 3 1,906 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

459 89 89 74 0 64 15 0 0 0 370 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

301 53 46 25 18 3 22 7 6 1 248 0

299 48 47 25 18 4 22 1 0 1 251 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

47 14 14 5 1 2 9 0 0 0 33 0

193 189

672 560

108 157

386 322

736 613

287 305

96 67

1,058 483

0 0 0

246 0 0

0 0 0

88 0 0

32 0 0

31 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

2011

2012

2013

2014

2015

2016

2017

2018

81 16

59 15

63 17

61 15

54 13

41 12

42 11

39 9

553 72

346 39

205 27

226 48

184 33

31 10

22 3

52 8

Notes: Data on long-term private nonguaranteed debt for 2010 are revised based on reports provided by the country. Short-term debt data are World Bank staff estimates based on government statistics.

213


MONGOLIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,143 1,889 1,821 68 182 72 0

2,444 2,016 1,795 221 198 230 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 1,821 68 179

11 1,795 221 78

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

411 246 166

270 246 23

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

79 73 7

144 139 5

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

296 173 -36

284 107 158

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

28 24 2 2

10 ..

54 ..

185 ..

344 ..

373 1

845 13

624 4

1,455 680

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

8.4 20.3 0.0 0.5 43.7

8.2 22.6 0.0 0.6 39.9

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 31.0 9.7

0.8 39.1 10.1

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

8.6 3.0 3.0

0.0 0.0 0.0

8.0 3.0 3.0

0.0 0.0 0.0

1,425 511 .. 550 18 39 158

1,132 627 12 791 9 -70 202

2,472 1,494 180 1,635 41 84 333

3,353 2,048 181 2,042 145 222 720

4,137 2,586 178 2,627 126 172 1,002

5,450 3,045 225 3,956 109 -690 657

4,388 2,324 200 2,852 121 -342 1,327

5,522 3,423 277 4,497 465 -887 2,288

103.8 37.2 10.2 2.2 32.0 29.7 3.4

143.1 79.2 6.2 1.4 51.5 22.5 3.1

88.8 53.7 2.9 1.9 59.3 25.1 2.4

70.3 42.9 2.4 3.2 59.3 50.0 4.2

65.0 40.6 2.1 4.5 56.2 59.6 4.6

60.2 33.6 2.7 5.9 52.6 35.8 2.0

92.2 48.8 4.7 3.4 49.9 61.9 5.6

71.4 44.3 5.0 9.4 43.9 93.6 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)

214


MONGOLIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,889 1,821 1,737 1,069 0 392 668 84 75 0 68 0

2,016 1,795 1,788 1,073 0 403 716 7 0 0 221 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

246 219 219 113 0 55 106 0 0 0 27 0

246 76 76 39 0 22 37 0 0 0 170 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

73 64 62 17 0 4 44 2 0 0 8 0

139 121 44 19 0 4 25 77 75 0 18 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

24 20 19 10 0 3 9 1 1 0 4 0

66 67

-18 45

-191 -73

114 82

241 160

151 108

310 296

301 284

0 0 0

0 0 0

0 0 0

3 17 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

2011

2012

2013

2014

2015

2016

2017

2018

63 24

68 25

68 25

71 25

75 24

76 25

75 24

89 23

27 6

40 5

41 4

27 3

50 2

47 1

1 0

0 0

Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development.

215


MONTENEGRO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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 .. ..

1,263 858 848 10 0 405 0

1,466 864 855 9 0 602 0

2,315 1,108 1,093 15 0 1,207 0

1,554 1,368 1,350 19 0 186 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 15 395

0 1,350 19 271

External debt flows Disbursements Long-term external debt IMF purchases

.. .. ..

.. .. ..

.. .. ..

88 88 0

78 78 0

64 64 0

249 249 0

388 388 0

Principal repayments Long-term external debt IMF repurchases

.. .. ..

.. .. ..

.. .. ..

13 13 0

109 109 0

28 28 0

31 31 0

61 61 0

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

.. .. ..

.. .. ..

.. .. ..

75 75 ..

-32 -32 ..

233 36 197

823 218 605

-695 326 -1,021

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

38 34 0 4

.. ..

.. ..

.. ..

.. ..

934 5

960 -6

1,527 -5

760 -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

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

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

69.1 0.0 0.0 2.9 24.0

.. .. ..

.. .. ..

.. .. ..

1.2 14.7 3.8

2.4 15.7 5.3

2.3 9.2 3.2

1.7 14.4 2.4

1.1 9.8 4.3

.. .. ..

.. .. ..

.. .. ..

4.0 5.6 1.1

2.0 13.1 3.6

0.0 0.0 0.0

7.8 5.0 0.6

7.9 5.1 5.1

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

2,735 .. .. .. .. .. 457

3,690 1,727 196 3,283 16 -1,475 689

4,587 2,007 298 4,433 43 -2,320 436

4,149 1,583 302 2,947 90 -1,245 573

3,976 1,681 301 2,864 100 -1,031 556

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. 30.8 .. .. 64.6 54.4 ..

73.1 34.2 9.2 32.1 43.6 54.5 2.5

73.1 32.0 3.4 41.1 38.2 29.7 1.2

146.2 55.8 4.5 52.1 25.5 24.7 2.3

92.5 39.1 5.9 12.0 35.8 35.8 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)

216


MONTENEGRO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,108 1,093 893 591 261 75 302 201 0 201 15 0

1,368 1,350 837 556 236 79 281 512 267 245 19 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

249 242 61 41 3 4 20 181 0 181 7 0

388 375 27 12 5 3 15 348 265 83 12 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

31 29 28 20 12 0 8 1 0 1 2 0

61 60 33 16 10 0 17 27 0 27 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

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

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

34 33 20 14 5 1 6 13 0 13 1 0

.. ..

.. ..

.. ..

453 75

422 -32

204 233

849 823

-760 -695

.. .. ..

.. .. ..

.. .. ..

39 0 0

0 205 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

2011

2012

2013

2014

2015

2016

2017

2018

55 16

64 16

73 15

81 15

84 14

82 12

80 11

84 10

54 36

57 32

57 28

48 24

284 22

5 1

4 0

4 0

Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development. Montenegro became independent in 2006 and started to report data in 2007.

217


MOROCCO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

23,751 21,572 19,218 2,354 0 2,179 0

25,403 23,603 21,015 2,589 0 1,800 0

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

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 1,421

0 19,134 2,438 3,309

0 20,933 2,670 6,667

External debt flows Disbursements Long-term external debt IMF purchases

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

4,551 4,551 0

4,970 4,970 0

Principal repayments Long-term external debt IMF repurchases

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

2,436 2,436 0

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

-81 41 -22

-448 7 -455

832 318 514

692 -358 1,050

838 651 187

814 1,102 -288

2,390 1,842 548

2,155 2,534 -379

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

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

875 850 0 26

92 20

221 18

1,620 64

2,366 -298

2,807 -64

2,466 148

1,970 -4

1,241 132

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

.. 3.8 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

54.5 5.9 0.0 0.0 10.4

55.4 6.8 0.0 0.0 10.3

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

4.3 19.8 5.0

2.7 20.2 5.0

2.2 20.5 5.7

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

3.5 19.0 10.3

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

87,411 34,806 6,895 48,102 835 -4,528 22,720

89,489 27,306 6,270 39,728 1,753 -4,971 23,568

90,246 30,997 6,423 42,193 1,445 -3,925 23,609

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

87.0 26.5 12.5 9.2 42.2 99.2 7.1

82.0 28.1 10.7 7.1 40.0 92.9 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)

218


MOROCCO (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

21,572 19,218 16,713 10,020 2,543 14 6,694 2,504 0 2,259 2,354 0

23,603 21,015 17,234 10,149 2,468 13 7,085 3,780 1,336 2,251 2,589 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

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

4,551 3,468 2,868 1,828 241 0 1,040 600 0 567 1,083 0

4,970 3,854 2,229 1,246 271 0 983 1,625 1,327 297 1,116 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

2,268 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 1,138 966 532 238 1 434 172 0 131 1,572 0

2,436 1,282 1,099 620 202 1 479 184 0 148 1,154 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

1,360 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

850 819 731 295 52 0 436 88 0 78 31 0

798 -81

-2,262 -448

-709 832

1,641 692

2,728 838

281 814

2,926 2,390

1,652 2,155

0 0 0

0 117 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

2011

2012

2013

2014

2015

2016

2017

2018

1,564 514

1,716 523

1,615 513

1,610 494

1,576 465

1,589 431

1,619 392

1,592 351

431 228

463 237

541 232

525 220

531 205

540 190

1,208 157

527 124

219


MOZAMBIQUE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

7,409 6,930 5,161 1,769 202 277 248

7,205 6,410 4,693 1,717 219 576 411

4,153 3,383 3,383 0 157 613 525

2,649 2,061 2,061 0 10 578 496

2,908 2,376 2,376 0 15 516 387

3,392 2,797 2,797 0 15 581 450

4,046 3,241 3,241 0 171 634 467

4,124 2,960 2,960 0 190 975 878

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

1,039 5,161 1,769 150

714 4,693 1,717 237

464 3,383 0 170

471 2,061 0 331

418 2,376 0 410

430 2,797 0 649

441 3,241 0 474

226 2,960 0 718

External debt flows Disbursements Long-term external debt IMF purchases

267 267 0

190 131 60

334 329 5

351 346 5

343 338 5

414 414 0

605 452 153

378 356 22

Principal repayments Long-term external debt IMF repurchases

85 71 14

64 64 0

55 39 15

16 16 0

10 10 0

14 14 0

15 15 0

40 40 0

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

193 196 11

62 67 -64

315 290 36

329 330 -6

380 328 47

402 400 2

626 437 36

268 316 -70

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

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

50 47 0 3

45 0

139 0

108 0

154 0

427 0

592 0

881 0

789 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 2.1 0.0 60.0

.. 1.8 2.1 0.0 68.7

3.4 1.2 0.0 0.0 68.7

6.0 2.0 0.0 0.0 62.6

6.5 2.0 0.0 0.0 58.3

6.7 2.1 0.0 0.0 57.4

6.8 1.0 0.0 0.0 54.9

9.5 0.9 0.0 0.0 44.2

0.9 36.8 9.3

0.8 46.6 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

0.7 41.9 10.2

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

1.2 32.3 13.3

2,069 470 59 1,254 .. -445 195

4,017 769 37 1,763 0 -764 742

6,219 2,186 57 3,350 284 -761 1,103

6,472 2,927 80 4,201 471 -773 1,216

7,445 3,064 99 4,452 554 -785 1,524

9,263 3,375 116 5,407 544 -1,179 1,661

9,696 2,629 111 4,564 84 -1,171 2,181

9,421 3,052 132 4,624 70 -913 2,265

1,575.0 358.2 34.5 3.7 17.2 2.6 1.9

937.3 179.3 12.5 8.0 15.4 10.3 5.1

190.0 66.8 3.6 14.8 56.4 26.6 4.0

90.5 40.9 1.3 21.8 38.3 45.9 3.5

94.9 39.1 0.9 17.7 46.4 52.4 4.1

100.5 36.6 1.1 17.1 49.9 48.9 3.7

153.9 41.7 1.6 15.7 49.3 53.9 5.7

135.1 43.8 2.9 23.6 53.5 54.9 5.9

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)

220


MOZAMBIQUE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

6,930 5,161 5,115 1,277 0 890 3,838 46 0 7 1,769 0

6,410 4,693 4,682 1,106 0 760 3,576 11 0 0 1,717 0

3,383 3,383 3,381 2,341 0 1,575 1,040 2 0 0 0 0

2,061 2,061 2,060 1,014 0 655 1,045 2 0 0 0 0

2,376 2,376 2,368 1,349 0 902 1,018 9 0 0 0 0

2,797 2,797 2,790 1,693 0 1,149 1,097 7 0 0 0 0

3,241 3,241 3,213 1,996 0 1,356 1,217 28 0 0 0 0

2,960 2,960 2,862 2,205 0 1,491 657 98 0 51 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

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

414 414 412 358 0 255 55 2 0 0 0 0

452 452 429 295 0 199 134 23 0 0 0 0

356 356 277 252 0 163 26 79 0 51 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

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

40 40 32 14 0 5 18 8 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

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

47 47 47 22 0 10 24 0 0 0 0 0

187 193

34 62

-318 315

-1,504 329

259 380

485 402

653 626

78 268

66 323 0

0 113 0

0 29 0

0 1,892 0

14 139 0

0 3 0

0 0 0

0 656 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

2011

2012

2013

2014

2015

2016

2017

2018

47 29

46 30

50 31

70 32

69 32

75 31

89 30

96 29

6 3

7 4

7 5

7 4

7 4

7 4

6 4

5 3

Notes: Mozambique was granted debt relief effective in 2006 under MDRI.

221


MYANMAR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

5,771 5,378 5,378 0 0 393 352

5,975 5,287 5,287 0 0 688 490

7,014 5,515 5,515 0 0 1,498 759

7,264 5,609 5,609 0 0 1,656 806

8,241 6,221 6,221 0 0 2,021 958

8,002 6,121 6,121 0 0 1,881 950

8,186 6,320 6,320 0 0 1,866 1,009

6,352 4,395 4,395 0 0 1,956 1,116

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

1,359 5,271 107 118

1,784 5,193 94 0

2,914 5,414 101 0

3,128 5,508 101 0

3,757 6,102 118 0

3,840 6,000 121 0

4,147 6,193 127 0

4,562 4,367 28 0

External debt flows Disbursements Long-term external debt IMF purchases

86 86 0

14 14 0

1 1 0

0 0 0

1 1 0

1 1 0

0 0 0

1 1 0

Principal repayments Long-term external debt IMF repurchases

180 180 0

22 22 0

25 25 0

9 9 0

11 11 0

10 10 0

9 9 0

651 651 0

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

-74 -95 20

33 -7 41

-36 -24 -12

102 -9 111

203 -10 213

-142 -10 -132

-83 -9 -74

-668 -651 -17

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

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

36 20 0 16

280 ..

258 ..

237 ..

279 ..

258 ..

283 ..

323 ..

756 ..

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

.. 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

13.1 41.6 1.6 0.0 31.3

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

0.0 0.0 0.0

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

0.0 0.0 0.0

.. 1,323 81 2,146 .. -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

.. .. 116 .. .. .. ..

.. .. 116 .. .. .. ..

.. .. 116 .. .. .. ..

.. .. 133 .. .. .. ..

436.3 .. 18.9 6.8 23.1 11.3 3.6

274.7 .. 1.7 11.5 19.2 4.8 1.3

171.0 .. 1.7 21.4 17.5 12.7 2.9

147.3 .. 1.3 22.8 17.2 19.0 3.9

.. .. .. 24.5 15.7 .. ..

.. .. .. 23.5 16.4 .. ..

.. .. .. 22.8 16.4 .. ..

.. .. .. 30.8 22.3 .. ..

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


MYANMAR (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,395 4,395 3,989 1,415 0 799 2,574 406 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

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

1 1 1 0 0 0 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

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

651 651 105 1 0 0 104 546 0 546 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

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

20 20 10 0 0 0 10 10 0 10 0 0

-785 -74

-29 33

-469 -36

250 102

977 203

-240 -142

184 -83

-1,834 -668

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

2011

2012

2013

2014

2015

2016

2017

2018

186 20

175 17

159 15

138 13

123 11

82 9

110 8

100 8

0 0

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.

223


NEPAL (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,410 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

3,702 3,527 3,527 0 114 61 0

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

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

0 3,527 0 432

External debt flows Disbursements Long-term external debt IMF purchases

164 164 0

154 154 0

192 192 0

184 163 21

175 141 33

103 103 0

127 127 0

177 134 44

Principal repayments Long-term external debt IMF repurchases

53 45 8

71 67 4

85 85 0

105 105 0

113 113 0

127 127 0

143 140 2

154 149 4

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

71 119 -40

69 87 -14

118 107 11

113 58 34

36 29 -26

-21 -23 2

-29 -14 -13

41 -16 17

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

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

33 33 0 1

.. 0

0 0

2 ..

-7 ..

6 ..

1 ..

38 ..

88 ..

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

.. 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

1.4 7.3 0.0 0.0 41.9

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

1.2 31.4 8.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

3.0 27.0 8.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

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 ..

10,383 1,661 1,734 3,743 54 6 ..

12,695 1,946 2,727 4,456 44 733 ..

13,050 1,753 2,986 5,160 9 18 ..

15,823 1,784 3,468 6,004 50 -128 ..

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 29.0 8.3 1.5 86.5 .. ..

210.1 28.2 10.1 1.2 87.2 .. ..

207.6 23.4 10.5 1.6 85.1 .. ..

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)

224


NEPAL (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

2,339 2,339 2,282 1,952 0 1,023 329 57 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

3,527 3,527 3,524 3,150 0 1,426 374 3 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

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

134 134 134 103 0 11 31 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

45 45 40 24 0 7 16 5 0 0 0 0

67 67 59 37 0 16 22 7 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

149 149 149 114 0 43 35 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 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

33 33 32 28 0 11 4 0 0 0 0 0

89 71

-152 69

-177 118

213 113

210 36

83 -21

-2 -29

19 41

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

2011

2012

2013

2014

2015

2016

2017

2018

159 44

163 44

169 44

173 43

180 42

181 40

185 40

188 38

1 0

1 0

1 0

1 0

1 0

0 0

0 0

0 0

225


NICARAGUA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

4,114 3,434 3,201 232 63 617 438

3,701 2,813 2,151 662 85 803 467

4,232 3,402 2,234 1,168 111 719 472

4,672 3,806 2,488 1,318 150 716 484

4,786 3,922 2,668 1,255 167 697 495

3,230 8,572 0 361

900 5,416 246 185

550 3,817 374 160

558 3,188 245 566

482 2,137 676 81

465 2,222 1,180 283

458 2,475 1,331 252

456 2,655 1,267 335

External debt flows Disbursements Long-term external debt IMF purchases

277 277 0

537 511 27

287 287 0

312 250 61

940 922 18

975 946 29

803 766 37

583 563 20

Principal repayments Long-term external debt IMF repurchases

203 190 13

189 183 5

118 110 9

107 107 0

329 329 0

308 308 0

386 386 0

415 415 0

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

88 87 13

351 327 3

211 177 43

208 143 3

768 593 157

577 637 -89

401 380 -15

138 149 -30

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

85 76 1 8

98 91 1 7

53 45 0 8

58 50 0 8

77 64 0 13

107 97 0 9

131 122 1 8

106 99 0 7

89 0

267 0

241 ..

287 ..

382 ..

626 ..

434 ..

508 ..

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

.. 1.3 0.0 0.0 72.9

.. 2.3 0.0 0.0 71.1

0.5 0.0 0.0 0.1 81.1

1.3 0.0 0.0 0.1 76.4

3.8 0.0 0.0 0.0 84.7

4.1 0.0 0.0 0.0 84.6

4.7 0.0 0.0 0.0 84.4

5.1 0.0 0.0 0.0 84.7

2.3 32.2 8.4

1.6 36.9 9.6

1.3 33.2 9.1

3.0 27.4 7.8

1.8 26.0 6.9

2.7 32.2 11.4

4.1 33.6 6.4

2.0 28.6 5.9

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

0.0 0.0 0.0

2,821 669 75 1,529 29 -722 142

3,735 1,133 320 2,385 69 -842 492

4,723 1,985 616 3,626 82 -784 728

5,103 2,319 698 4,161 85 -838 922

5,565 2,608 740 4,906 93 -1,224 1,103

6,152 3,013 818 5,724 113 -1,570 1,141

5,960 2,891 768 4,838 121 -828 1,573

6,223 3,637 823 5,773 135 -963 1,799

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

177.4 80.6 7.1 15.0 50.4 22.4 2.7

141.9 66.5 15.6 21.7 30.0 29.8 2.7

140.4 68.8 13.8 17.0 28.6 27.0 2.4

161.6 78.4 17.9 15.3 30.8 33.7 3.9

131.6 76.9 14.3 14.6 34.2 37.6 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)

226


NICARAGUA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,434 3,201 3,129 2,074 0 256 1,054 73 0 55 232 0

2,813 2,151 2,146 1,111 0 321 1,035 5 0 0 662 0

3,402 2,234 2,231 1,208 0 347 1,022 4 0 0 1,168 0

3,806 2,488 2,484 1,439 0 418 1,045 4 0 0 1,318 0

3,922 2,668 2,664 1,637 0 447 1,028 3 0 0 1,255 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

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

250 250 250 220 0 61 30 0 0 0 0 0

922 368 368 329 0 53 39 0 0 0 554 0

946 183 183 128 0 28 55 0 0 0 763 0

766 291 291 246 0 67 45 0 0 0 475 0

563 267 267 235 0 37 32 0 0 0 297 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

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

386 61 61 25 0 0 36 0 0 0 325 0

415 55 55 20 0 0 35 0 0 0 360 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

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 27 0 2 18 0 0 0 19 0

97 39 39 23 0 3 15 0 0 0 59 0

122 37 37 24 0 3 13 0 0 0 85 0

99 33 33 24 0 3 9 0 0 0 66 0

-1,606 88

-45 351

-85 211

-817 208

-413 768

531 577

440 401

115 138

263 2,273 89

149 35 0

1 167 0

2 1,230 0

0 1,276 17

0 56 0

22 16 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

2011

2012

2013

2014

2015

2016

2017

2018

87 44

90 45

92 46

94 46

103 45

111 43

119 40

122 38

336 55

238 40

212 28

126 20

101 14

75 10

63 6

50 3

Notes: Nicaragua was granted debt relief effective in 2006 under MDRI.

227


NIGER (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,604 1,480 1,347 133 52 72 53

1,708 1,563 1,495 68 74 72 60

2,017 1,849 1,817 33 128 41 38

829 755 729 26 27 47 38

1,148 847 827 20 40 261 38

1,002 858 845 13 51 93 19

1,103 915 909 7 57 131 17

1,127 972 972 0 61 94 26

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

74 1,347 133 8

97 1,495 68 64

52 1,817 33 131

46 729 26 188

49 827 20 54

66 845 13 135

55 909 7 191

111 972 0 187

External debt flows Disbursements Long-term external debt IMF purchases

28 28 0

87 76 11

152 135 17

126 117 9

92 80 12

109 98 12

108 103 5

95 90 5

Principal repayments Long-term external debt IMF repurchases

41 31 10

16 14 2

27 22 5

160 46 114

17 17 0

18 18 0

36 36 0

18 18 0

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

-9 -3 4

52 62 -20

122 113 -3

-28 71 6

289 63 214

-58 79 -149

112 67 40

31 72 -46

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

15 13 1 1

10 8 0 2

13 13 0 0

11 10 0 0

15 9 0 6

11 7 0 4

10 8 0 1

9 8 0 1

7 ..

8 0

44 1

51 0

129 0

340 1

739 ..

947 ..

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 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 47.5

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 46.1

1.1 0.0 0.0 0.0 47.3

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 28.4 7.9

1.4 34.0 9.1

1.2 32.5 9.5

1.5 33.0 9.5

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

1,830 327 8 510 4 -152 95

1,782 334 14 485 2 -104 81

3,397 602 66 1,095 21 -312 251

3,645 641 78 1,118 13 -314 371

4,290 807 79 1,344 28 -351 593

5,351 1,124 94 2,006 23 -651 705

5,204 .. 94 .. .. .. 656

5,493 .. 88 .. .. .. 760

490.3 87.6 17.1 4.5 55.0 5.9 2.2

512.0 95.9 7.8 4.2 60.3 4.8 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 44.8 4.0

142.2 26.8 4.0 22.8 53.4 51.7 5.3

89.1 18.7 2.6 9.3 62.4 70.4 4.2

.. 21.2 .. 11.8 61.1 59.4 ..

.. 20.5 .. 8.4 63.9 67.5 ..

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)

228


NIGER (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1,480 1,347 1,347 882 0 598 465 0 0 0 133 0

1,563 1,495 1,495 1,030 0 723 465 0 0 0 68 0

1,849 1,817 1,817 1,592 0 1,080 225 0 0 0 33 0

755 729 729 518 0 189 211 0 0 0 26 0

847 827 827 613 0 235 214 0 0 0 20 0

858 845 845 625 0 248 220 0 0 0 13 0

915 909 909 674 0 266 235 0 0 0 7 0

972 972 972 720 0 275 251 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

28 28 28 28 0 24 0 0 0 0 0 0

76 76 76 76 0 68 0 0 0 0 0 0

135 135 135 133 0 65 2 0 0 0 0 0

117 117 117 111 0 55 6 0 0 0 0 0

80 80 80 80 0 37 0 0 0 0 0 0

98 98 98 79 0 15 18 0 0 0 0 0

103 103 103 88 0 16 15 0 0 0 0 0

90 90 90 75 0 14 15 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

31 7 7 7 0 3 0 0 0 0 24 0

14 12 12 10 0 8 2 0 0 0 2 0

22 15 15 13 0 1 2 0 0 0 7 0

46 39 39 26 0 1 13 0 0 0 7 0

17 10 10 10 0 0 0 0 0 0 7 0

18 12 12 11 0 0 1 0 0 0 7 0

36 29 29 27 0 0 2 0 0 0 7 0

18 11 11 11 0 0 0 0 0 0 7 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 7 7 7 0 5 0 0 0 0 6 0

8 8 8 7 0 6 1 0 0 0 0 0

13 11 11 11 0 6 0 0 0 0 2 0

10 8 8 8 0 4 1 0 0 0 2 0

9 8 8 7 0 2 1 0 0 0 2 0

7 6 6 5 0 1 1 0 0 0 1 0

8 8 8 7 0 2 1 0 0 0 0 0

8 8 8 7 0 2 1 0 0 0 0 0

62 -9

5 52

2 122

-1,189 -28

319 289

-146 -58

101 112

24 31

5 4 0

28 0 0

0 28 0

0 1,206 0

0 1 0

0 42 0

6 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

2011

2012

2013

2014

2015

2016

2017

2018

44 10

50 11

30 12

31 13

37 13

41 13

43 13

42 13

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Niger was granted debt relief effective in 2006 under MDRI.

229


NIGERIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

34,092 28,441 28,140 301 0 5,651 4,717

31,355 30,235 30,020 215 0 1,120 44

22,060 20,224 20,224 0 0 1,836 3

7,693 3,803 3,803 0 0 3,890 0

8,531 3,587 3,587 0 0 4,944 0

11,334 3,878 3,878 0 0 7,456 0

7,713 4,199 4,199 0 0 3,514 0

7,883 4,686 4,686 0 0 3,197 0

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

8,102 28,077 365 0

117 29,964 271 86

3 20,195 29 706

0 3,779 24 507

0 3,568 19 777

0 3,864 14 986

0 4,192 7 985

0 4,686 0 1,595

External debt flows Disbursements Long-term external debt IMF purchases

433 433 0

153 153 0

379 379 0

777 777 0

532 532 0

409 409 0

519 519 0

1,051 1,051 0

Principal repayments Long-term external debt IMF repurchases

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

246 246 0

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

-559 -486 -73

-696 -937 241

-3,001 -3,483 482

-3,607 -5,664 2,057

672 -382 1,054

2,583 71 2,512

-3,762 180 -3,942

488 805 -317

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

915 859 0 56

754 690 0 64

5,000 4,937 0 64

373 259 0 114

329 86 0 243

236 87 0 149

153 84 0 69

103 59 0 44

1,079 ..

1,140 ..

4,983 751

4,854 1,769

6,035 1,447

8,197 -954

8,555 487

6,049 2,161

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

.. 12.6 9.9 0.6 29.6

.. 2.3 1.5 0.0 85.1

36.2 9.9 17.2 1.9 27.3

4.0 0.0 0.3 0.0 59.8

3.1 0.0 0.2 0.0 59.0

2.9 0.0 0.2 0.0 61.9

4.8 0.0 0.1 0.0 59.1

3.9 0.0 0.1 0.0 61.7

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 9.8

0.8 39.5 10.0

1.7 28.1 8.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

6.0 10.4 3.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

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 57,149 3,329 35,773 2,603 36,529 28,632

141,275 61,109 5,435 42,389 5,768 36,518 42,735

154,068 70,046 9,221 60,948 13,056 27,643 51,907

194,690 90,345 9,980 81,632 17,000 28,079 53,599

158,437 59,274 9,585 64,815 15,042 13,153 45,510

176,769 77,756 10,045 95,373 19,121 2,476 35,885

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

38.6 22.3 15.5 8.3 11.5 129.8 9.6

12.6 5.4 11.2 50.6 34.9 555.5 12.1

12.2 5.5 1.8 58.0 34.0 608.5 10.2

12.5 5.8 0.6 65.8 26.5 472.9 7.9

13.0 4.9 0.8 45.6 45.4 590.0 8.4

10.1 4.5 0.4 40.6 54.6 455.2 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)

230


NIGERIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

20,224 20,224 18,015 2,536 722 1,136 15,479 2,209 1,442 37 0 0

3,803 3,803 2,962 2,687 534 1,541 275 841 0 59 0 0

3,587 3,587 3,260 2,904 381 1,929 356 326 0 78 0 0

3,878 3,878 3,549 3,000 211 2,243 549 328 0 101 0 0

4,199 4,199 3,991 3,499 113 2,739 492 208 0 83 0 0

4,686 4,686 4,593 4,304 43 3,662 289 92 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

433 433 433 433 189 86 0 0 0 0 0 0

153 153 153 153 31 55 0 0 0 0 0 0

379 379 345 286 0 265 59 34 0 26 0 0

777 777 502 377 0 362 125 274 0 33 0 0

532 532 468 386 0 335 82 64 0 18 0 0

409 409 385 383 0 353 2 24 0 24 0 0

519 519 519 519 0 497 0 0 0 0 0 0

1,051 1,051 1,051 1,031 0 1,000 20 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

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

246 246 213 164 71 24 49 33 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

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

86 86 80 74 25 15 7 6 0 0 0 0

87 87 83 62 17 17 21 4 0 0 0 0

84 84 71 47 8 17 24 14 0 6 0 0

59 59 53 41 2 23 12 6 0 0 0 0

1,000 -559

2,227 -696

-15,707 -3,001

-14,367 -3,607

838 672

2,803 2,583

-3,621 -3,762

169 488

0 95 0

20,920 0 0

0 7,284 0

1 10,891 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

2011

2012

2013

2014

2015

2016

2017

2018

191 65

170 68

166 71

148 72

96 74

109 75

129 75

225 74

46 4

46 2

0 0

0 0

0 0

0 0

0 0

0 0

Notes: Long-term private nonguaranteed debt data has been revised from 2007 based on reports provided by the country.

231


PAKISTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

30,169 25,321 23,727 1,593 1,613 3,235 0

32,732 29,684 27,124 2,560 1,529 1,519 0

33,566 30,844 29,880 964 1,492 1,230 0

36,711 33,926 33,019 907 1,462 1,322 0

41,531 37,922 36,728 1,193 1,381 2,228 0

49,057 43,336 40,152 3,184 4,352 1,370 0

54,588 45,627 42,362 3,265 7,495 1,466 0

56,773 45,746 43,202 2,544 8,736 2,291 0

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

0 23,634 1,687 2,257

0 26,946 2,738 865

0 29,866 978 4,523

0 33,005 921 3,415

0 36,714 1,207 3,668

0 40,137 3,198 4,019

0 42,348 3,278 5,372

0 43,189 2,557 3,459

External debt flows Disbursements Long-term external debt IMF purchases

3,288 3,086 202

1,838 1,644 195

2,827 2,827 0

3,667 3,667 0

3,725 3,725 0

6,796 3,596 3,201

7,728 4,413 3,315

3,646 2,012 1,634

Principal repayments Long-term external debt IMF repurchases

2,013 1,837 176

1,870 1,587 282

1,698 1,461 237

1,439 1,332 107

1,531 1,379 152

1,941 1,761 180

2,472 2,241 231

3,273 3,008 265

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

2,572 1,249 1,297

-343 56 -311

1,114 1,366 -15

2,320 2,335 92

3,100 2,346 906

3,997 1,834 -858

5,352 2,173 96

1,199 -996 825

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

1,203 955 45 202

985 857 49 78

737 668 13 56

867 803 11 54

1,113 992 9 111

1,077 1,026 7 43

1,023 905 67 51

1,066 869 127 69

723 10

308 35

2,201 451

4,273 1,152

5,590 1,276

5,438 -270

2,338 -37

2,016 524

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

.. 15.2 0.8 0.3 31.3

.. 16.9 0.7 0.3 41.6

12.1 17.5 0.4 0.2 41.7

12.0 16.0 0.3 0.2 44.5

11.7 15.4 0.3 0.2 44.3

10.1 17.8 0.2 0.2 44.0

9.8 16.9 0.2 0.2 46.2

8.9 18.8 0.1 0.2 44.6

5.0 18.7 5.5

6.2 12.8 3.1

1.8 26.9 8.2

4.0 21.2 6.1

3.0 28.9 7.8

2.2 22.9 5.9

1.6 23.2 6.8

2.3 22.0 7.3

7.0 4.4 0.9

8.0 5.3 1.0

4.7 6.3 4.1

7.4 17.5 17.5

6.7 9.0 8.8

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

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

145,773 23,312 5,998 42,683 2,974 -8,286 15,798

167,234 26,762 7,039 53,552 3,203 -15,655 9,024

166,370 22,937 8,717 39,389 2,548 -3,993 13,606

181,599 28,554 9,690 43,826 2,131 -1,490 17,256

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

169.8 30.0 12.3 3.7 47.5 33.1 4.1

171.4 28.2 10.8 3.6 48.1 35.1 4.0

178.2 28.5 11.3 5.4 48.1 38.0 4.4

183.3 29.3 11.3 2.8 45.1 18.4 2.0

238.0 32.8 15.2 2.7 43.4 24.9 4.1

198.8 31.3 15.2 4.0 43.4 30.4 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)

232


PAKISTAN (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

30,844 29,880 28,698 15,942 2,238 6,865 12,756 1,182 1,100 30 964 600

33,926 33,019 30,778 17,665 2,143 7,871 13,113 2,241 1,900 7 907 850

37,922 36,728 33,734 19,978 2,086 9,075 13,757 2,994 2,650 4 1,193 850

43,336 40,152 37,066 22,109 1,946 9,053 14,957 3,086 2,650 125 3,184 850

45,627 42,362 39,857 23,667 1,769 10,075 16,190 2,505 2,150 75 3,265 850

45,746 43,202 41,403 24,614 1,688 10,118 16,789 1,799 1,550 0 2,544 250

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

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

2,827 2,227 1,615 1,523 217 628 92 612 600 0 600 600

3,667 3,417 2,334 2,124 155 854 211 1,082 800 0 250 250

3,725 3,195 2,435 2,195 175 1,001 240 760 750 0 530 0

3,596 2,684 2,557 2,164 54 187 393 127 0 125 912 0

4,413 3,732 3,731 2,508 89 1,177 1,224 1 0 0 681 0

2,012 1,857 1,856 1,378 61 371 477 1 0 0 155 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

1,837 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

1,379 1,107 1,101 727 284 134 374 7 0 3 272 0

1,761 1,305 1,270 1,041 297 149 229 35 0 3 456 0

2,241 1,635 1,053 925 253 188 128 582 500 50 606 0

3,008 2,132 1,425 939 188 166 486 707 600 75 876 600

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

955 825 759 445 217 24 313 66 9 32 130 2

857 641 527 383 182 29 144 114 61 38 217 2

668 591 541 229 92 52 312 50 47 2 76 3

803 724 611 258 107 56 354 112 110 3 79 52

992 861 687 310 114 64 377 174 171 0 132 67

1,026 879 682 318 88 77 364 197 184 5 147 60

905 800 631 278 53 75 353 169 156 5 105 50

869 780 648 215 18 81 433 131 120 4 90 30

2,845 2,572

-1,109 -343

-2,316 1,114

3,144 2,320

4,820 3,100

7,526 3,997

5,530 5,352

2,185 1,199

0 0 0

918 0 0

0 0 0

0 0 0

0 1 0

0 5 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

2011

2012

2013

2014

2015

2016

2017

2018

1,717 701

2,338 701

1,798 688

1,873 673

1,962 651

1,990 634

2,359 606

2,462 570

671 242

488 213

692 177

281 151

217 138

645 110

865 60

92 29

Notes: Data on long-term private nonguaranteed debt for 2010 are World Bank staff estimates based on the State Bank of Pakistan data.

233


PANAMA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

6,098 3,781 3,781 0 111 2,207 1,608

6,567 6,476 5,696 780 90 1 1

8,653 8,629 6,887 1,742 24 0 0

9,479 9,464 7,770 1,694 15 0 0

9,328 9,323 8,262 1,061 5 0 0

9,573 9,573 8,462 1,111 0 0 0

11,267 11,267 10,131 1,136 0 0 0

11,412 11,412 10,421 991 0 0 0

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

1,996 3,781 0 116

1 5,696 780 478

0 6,887 1,742 1,265

0 7,770 1,694 2,699

0 8,262 1,061 350

0 8,462 1,111 827

0 10,131 1,136 1,732

0 10,421 991 362

External debt flows Disbursements Long-term external debt IMF purchases

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

446 446 0

Principal repayments Long-term external debt IMF repurchases

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

320 320 0

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

-925 -34 -866

262 314 0

182 192 0

804 814 0

498 509 0

-211 -206 0

1,700 1,700 0

126 126 0

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

144 101 7 36

424 418 7 0

619 618 1 0

780 779 1 0

664 663 1 0

690 690 0 0

716 716 0 0

757 757 0 0

223 0

624 ..

918 ..

2,557 ..

1,777 ..

2,196 ..

1,773 ..

2,363 ..

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

.. 10.4 0.4 0.1 70.8

.. 1.8 0.1 0.0 91.9

0.0 1.0 0.0 0.0 96.2

0.0 0.8 0.0 0.0 97.1

0.0 0.7 0.0 0.0 97.6

0.0 0.8 0.0 0.0 97.9

0.0 0.9 0.0 0.0 98.3

0.0 2.0 0.0 0.0 97.4

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

4.2 20.3 4.7

2.1 21.4 3.5

1.3 19.0 4.3

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

3.8 10.0 9.5

0.0 0.0 0.0

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

15,879 13,879 157 14,579 1,197 -448 1,335

18,488 16,156 180 17,816 1,521 -1,407 1,935

21,432 18,004 196 20,964 1,748 -2,722 2,424

22,620 18,157 175 18,411 1,397 -44 3,028

24,916 18,948 231 22,092 1,815 -2,953 2,714

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

74.2 60.3 17.4 .. 12.8 14.0 1.1

68.3 59.7 21.7 .. 12.3 14.1 1.1

57.7 50.5 5.2 .. 13.1 20.7 1.3

53.2 44.7 8.9 .. 14.0 25.3 1.4

62.1 49.8 5.0 .. 14.4 26.9 2.0

60.2 45.8 5.7 .. 15.9 23.8 1.5

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


PANAMA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

8,629 6,887 1,304 1,110 212 0 194 5,583 5,505 78 1,742 635

9,464 7,770 1,348 1,166 185 0 182 6,422 6,360 62 1,694 581

9,323 8,262 1,407 1,225 216 0 182 6,855 6,810 45 1,061 1,061

9,573 8,462 1,529 1,337 271 0 192 6,933 6,748 186 1,111 1,061

11,267 10,131 1,833 1,626 435 0 207 8,298 8,071 227 1,136 1,061

11,412 10,421 2,127 1,814 420 0 314 8,293 8,071 223 991 911

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

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

446 441 441 334 24 0 107 0 0 0 5 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

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

320 170 165 146 38 0 20 5 0 5 150 150

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

101 101 59 39 15 0 20 42 0 37 0 0

418 365 79 68 21 0 10 286 264 22 53 24

618 531 59 54 12 0 5 471 467 4 87 44

779 690 62 58 11 0 5 628 624 4 88 46

663 601 70 66 13 0 5 530 527 3 63 63

690 626 71 66 13 0 5 555 550 5 64 63

716 628 72 67 16 0 5 556 546 11 88 83

757 670 75 71 17 0 4 595 592 3 87 83

-800 -925

-262 262

266 182

826 804

-151 498

245 -211

1,694 1,700

145 126

5 0 0

0 477 120

0 0 0

0 0 203

0 0 0

0 7 21

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

2011

2012

2013

2014

2015

2016

2017

2018

185 53

183 50

190 47

203 43

198 39

204 34

192 30

175 26

343 564

1,116 502

33 444

245 443

1,509 475

336 401

36 400

21 399

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 2008, 2009, and 2010 are $16.7 billion, and $16.3 billion, and $19.5 billion respectively.

235


PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,506 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

1,573 1,452 1,037 415 0 121 0

5,822 5,430 1,030 4,400 0 392 0

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

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 1,037 415 122

0 1,030 4,400 278

External debt flows Disbursements Long-term external debt IMF purchases

240 189 51

293 254 38

335 335 0

267 267 0

615 615 0

951 951 0

516 516 0

3,153 3,153 0

Principal repayments Long-term external debt IMF repurchases

509 493 16

215 196 19

244 183 61

270 270 0

947 947 0

933 933 0

514 514 0

759 759 0

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

-291 -304 -21

30 59 -48

214 152 123

-68 -3 -65

-408 -332 -76

-64 18 -82

114 2 112

2,665 2,394 271

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

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

53 50 0 3

455 ..

96 ..

38 ..

13 ..

102 ..

-30 ..

423 ..

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

.. 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

4.3 27.5 0.0 0.0 39.4

3.8 28.5 0.0 0.0 39.3

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

0.8 34.7 8.9

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

0.0 0.0 0.0

4,370 3,014 16 2,415 409 674 267

3,303 2,369 7 2,013 198 351 304

4,531 3,649 7 3,368 511 539 750

4,931 4,597 4 4,462 815 333 1,441

6,261 5,205 8 5,399 674 56 2,106

7,931 6,259 15 5,713 611 708 2,008

7,855 4,626 12 5,474 537 -672 2,629

9,262 6,278 15 7,135 .. -662 3,122

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

51.5 41.5 8.4 12.3 44.4 39.9 2.7

39.7 37.0 7.1 9.1 44.6 78.9 3.9

27.5 22.8 19.4 6.4 52.4 147.2 4.7

22.6 17.9 15.6 0.6 50.8 141.7 4.2

34.0 20.0 11.7 7.7 46.0 167.2 5.8

92.7 62.9 12.9 6.7 12.2 53.6 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)

236


PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

1,452 1,037 1,000 724 149 82 276 36 0 3 415 0

5,430 1,030 997 712 139 86 285 33 0 3 4,400 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

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

3,153 37 37 37 1 8 0 0 0 0 3,116 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

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 63 56 36 11 4 20 7 0 0 451 0

759 68 61 39 11 4 22 7 0 0 691 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

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

50 16 16 9 1 1 7 1 0 0 33 0

-287 -291

-352 30

96 214

-54 -68

-396 -408

-13 -64

155 114

4,249 2,665

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

2011

2012

2013

2014

2015

2016

2017

2018

114 20

69 19

72 18

72 18

74 17

75 16

77 15

85 14

785 58

248 57

123 73

154 71

918 66

540 52

747 47

459 30

Notes: Long-term private nonguaranteed debt data for 2010 reported by country include a huge loan for about US$ 2.6 billion.

237


PARAGUAY (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

2,572 1,788 1,450 338 0 784 7

3,088 2,508 2,058 450 0 580 11

3,227 2,714 2,264 450 0 513 0

3,421 2,710 2,233 477 0 711 0

3,568 2,765 2,194 572 0 803 0

4,159 3,013 2,262 751 0 1,146 0

3,984 3,232 2,260 972 0 752 0

4,938 3,791 2,369 1,421 0 1,147 0

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

60 1,450 338 363

55 2,058 450 125

8 2,264 450 99

8 2,233 477 530

8 2,194 572 43

7 2,262 751 171

7 2,260 972 411

16 2,369 1,421 279

External debt flows Disbursements Long-term external debt IMF purchases

224 224 0

192 192 0

210 210 0

244 244 0

206 206 0

376 376 0

489 489 0

826 826 0

Principal repayments Long-term external debt IMF repurchases

159 159 0

204 204 0

332 332 0

269 269 0

258 258 0

296 296 0

308 308 0

320 320 0

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

261 65 196

-185 -13 -173

-274 -121 -153

174 -24 198

39 -53 92

423 80 343

-213 181 -394

901 506 395

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

135 93 0 42

148 115 0 33

144 115 0 29

152 121 0 31

166 135 0 30

165 136 0 29

134 122 0 12

143 131 0 12

103 ..

104 ..

54 ..

173 ..

206 ..

279 ..

205 ..

427 ..

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

.. 22.7 0.3 0.1 28.7

.. 15.0 0.1 0.1 60.0

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 66.1

2.6 19.3 0.0 0.0 67.5

2.0 19.3 0.0 0.0 70.2

5.5 19.3 5.6

6.4 21.8 3.0

4.5 16.4 4.7

3.9 29.4 8.0

5.3 23.0 9.9

3.6 27.5 6.1

2.8 25.7 6.5

1.9 20.2 3.6

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

0.0 0.0 0.0

8,176 5,075 287 5,363 62 -92 1,106

7,094 3,185 278 3,524 84 -163 772

7,415 4,213 269 4,421 158 16 1,297

9,184 5,497 463 5,795 271 128 1,702

12,060 6,951 484 7,140 365 184 2,461

16,659 9,338 588 10,056 505 -304 2,863

13,954 7,548 609 8,024 554 43 3,862

19,497 10,165 673 11,283 650 -596 4,167

50.7 31.5 5.8 30.5 30.2 43.0 2.5

96.9 43.5 11.1 18.8 36.9 25.0 2.6

76.6 43.5 11.3 15.9 39.1 40.2 3.5

62.2 37.3 7.6 20.8 37.6 49.8 3.5

51.3 29.6 6.1 22.5 36.3 69.0 4.1

44.5 25.0 4.9 27.6 31.1 68.8 3.4

52.8 28.5 5.9 18.9 33.9 96.9 5.8

48.6 25.3 4.6 23.2 30.3 84.4 4.4

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)

238


PARAGUAY (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

1,788 1,450 1,318 778 154 36 540 133 0 56 338 0

2,508 2,058 1,609 1,141 201 28 469 449 0 424 450 0

2,714 2,264 1,843 1,260 223 21 583 421 0 403 450 0

2,710 2,233 1,852 1,286 234 19 566 381 0 374 477 0

2,765 2,194 1,841 1,296 227 18 545 352 0 345 572 0

3,013 2,262 1,939 1,294 214 16 644 323 0 316 751 0

3,232 2,260 1,978 1,352 281 15 625 282 0 275 972 0

3,791 2,369 2,110 1,496 257 13 613 260 0 253 1,421 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

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

376 196 196 108 9 0 89 0 0 0 180 0

489 248 248 181 101 0 67 0 0 0 241 0

826 303 303 290 8 0 13 0 0 0 523 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

159 157 123 76 41 1 47 34 0 10 2 0

204 111 105 61 19 1 43 7 0 4 93 0

332 205 176 108 25 1 68 29 0 18 126 0

269 209 169 105 26 1 64 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

308 262 221 141 33 1 80 41 0 41 46 0

320 246 224 148 33 1 76 22 0 22 75 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

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

122 97 83 48 7 0 35 14 0 14 25 0

131 65 63 47 6 0 16 2 0 2 66 0

469 261

-294 -185

-379 -274

194 174

147 39

591 423

-175 -213

954 901

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 2 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

2011

2012

2013

2014

2015

2016

2017

2018

215 57

207 52

178 47

164 44

185 41

186 37

185 33

182 30

405 77

296 58

277 42

174 30

146 21

111 15

97 10

84 6

239


PERU (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

30,842 20,228 18,940 1,288 955 9,659 4,584

28,632 24,145 19,208 4,938 558 3,928 14

29,352 26,083 22,511 3,572 57 3,212 4

29,133 26,101 22,161 3,940 20 3,012 17

32,073 26,739 19,832 6,907 0 5,334 17

34,559 29,138 19,394 9,744 0 5,420 22

36,393 31,662 20,800 10,862 0 4,731 1

36,271 30,216 20,027 10,189 0 6,055 1

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

4,150 18,934 1,294 930

29 17,937 6,209 1,263

2 21,613 4,470 2,191

33 21,341 4,760 704

8 19,020 7,719 3,018

10 18,689 10,449 1,343

1 20,210 11,453 4,036

1 19,559 10,657 3,832

External debt flows Disbursements Long-term external debt IMF purchases

880 880 0

2,066 2,066 0

3,721 3,721 0

2,002 2,002 0

7,149 7,149 0

4,630 4,630 0

4,772 4,772 0

8,296 8,296 0

Principal repayments Long-term external debt IMF repurchases

521 521 0

1,139 997 141

4,227 4,187 40

1,564 1,525 39

6,765 6,745 20

3,263 3,263 0

2,220 2,220 0

4,059 4,059 0

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

3,148 359 2,789

289 1,069 -638

-44 -466 461

225 477 -213

2,705 404 2,322

1,449 1,367 81

1,883 2,552 -668

5,561 4,237 1,324

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

722 485 52 184

1,432 1,172 33 227

1,838 1,717 3 118

1,997 1,849 2 146

2,286 2,109 0 176

1,996 1,807 0 189

2,141 1,976 0 166

2,726 2,550 0 176

2,557 171

810 123

2,579 769

3,467 -45

5,491 70

6,924 85

5,576 47

7,328 87

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

.. 14.6 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 78.7

11.1 13.6 0.0 0.0 72.7

7.2 12.1 0.0 0.0 77.8

4.4 9.9 0.0 0.0 83.5

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

3.2 18.7 7.1

1.3 19.5 9.4

1.7 15.6 6.4

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

7.4 30.8 30.8

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

98,879 32,833 2,131 33,880 7,788 1,460 27,786

119,942 36,504 2,444 44,765 8,346 -5,318 31,241

122,566 32,040 2,409 34,717 7,173 211 33,225

147,315 40,696 2,534 46,037 9,478 -2,315 44,215

428.6 60.3 17.3 31.3 12.0 28.1 8.2

309.6 55.2 27.8 13.7 19.2 30.3 8.8

144.7 39.6 29.9 10.9 26.9 48.3 8.1

105.8 34.5 12.9 10.3 26.8 59.9 7.8

97.7 32.4 27.6 16.6 24.7 86.6 9.8

94.7 28.8 14.4 15.7 23.1 90.4 8.4

113.6 29.7 13.6 13.0 23.0 91.3 11.5

89.1 24.6 16.7 16.7 21.7 121.9 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)

240


PERU (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

20,228 18,940 15,238 3,716 1,729 0 11,522 3,702 0 3,040 1,288 60

24,145 19,208 14,377 5,511 2,590 0 8,866 4,830 3,727 110 4,938 150

26,083 22,511 13,805 7,885 2,816 0 5,920 8,706 8,390 86 3,572 1,230

26,101 22,161 13,479 7,810 2,633 0 5,669 8,682 8,390 77 3,940 2,522

26,739 19,832 11,293 7,922 2,649 0 3,371 8,539 8,270 68 6,907 3,749

29,138 19,394 12,338 7,988 2,712 0 4,350 7,056 6,879 170 9,744 3,599

31,662 20,800 11,740 8,377 2,846 0 3,362 9,061 8,911 145 10,862 4,428

30,216 20,027 10,573 7,854 2,965 0 2,719 9,454 9,311 138 10,189 7,298

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

880 725 720 631 202 0 89 5 0 0 155 0

2,066 1,489 1,454 811 266 0 643 35 0 34 577 0

3,721 2,635 985 799 192 0 187 1,650 1,650 0 1,086 1,080

2,002 638 638 509 36 0 129 0 0 0 1,364 1,292

7,149 3,299 1,180 1,038 256 0 143 2,119 2,119 0 3,849 1,227

4,630 1,165 1,165 991 294 0 174 0 0 0 3,466 0

4,772 3,232 1,232 1,040 379 0 192 2,000 2,000 0 1,539 878

8,296 3,862 1,601 1,344 377 0 257 2,261 2,261 0 4,434 2,871

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

521 481 405 201 86 0 203 77 0 28 40 0

997 980 834 497 93 0 338 146 0 130 17 0

4,187 3,031 2,917 556 210 0 2,361 114 90 11 1,156 0

1,525 1,144 1,030 603 219 0 427 113 90 9 381 0

6,745 5,863 3,496 950 241 0 2,547 2,366 2,343 9 882 0

3,263 2,616 1,254 958 230 0 296 1,363 1,338 23 647 150

2,220 1,831 1,806 653 245 0 1,154 25 0 23 389 50

4,059 3,489 2,970 1,871 258 0 1,099 518 497 21 570 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

485 414 395 245 118 0 150 19 0 10 71 6

1,172 1,103 915 382 189 0 533 188 179 5 69 11

1,717 1,403 807 354 105 0 453 596 568 7 314 56

1,849 1,389 724 434 137 0 290 665 637 8 460 136

2,109 1,512 818 483 150 0 335 694 669 7 598 250

1,807 1,184 571 408 136 0 163 613 603 10 623 213

1,976 1,084 451 314 107 0 137 632 623 9 892 223

2,550 1,096 346 251 62 0 95 750 742 8 1,454 284

4,323 3,148

-515 289

-2,211 -44

-219 225

2,940 2,705

2,486 1,449

1,835 1,883

-122 5,561

919 0 0

1 0 0

21 66 0

0 27 0

0 61 2,343

0 56 838

30 32 0

0 1,395 497

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

2011

2012

2013

2014

2015

2016

2017

2018

819 233

1,066 212

1,028 186

973 161

931 140

974 119

832 101

657 87

563 1,240

1,075 1,202

726 1,166

797 1,129

746 1,070

1,155 985

1,130 939

1,240 885

Notes: Data on long-term private nonguaranteed debt and short-term debt for 2010 are World Bank staff estimates based on reports provided by the country. Data for 2007 include Bond prepayment and prepayment to Paris Club creditors. Short-term debt data from 2007 are based on reports provided by the country.

241


PHILIPPINES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

60,412 55,403 36,881 18,522 0 5,009 0

66,040 58,956 38,089 20,867 0 7,084 0

64,995 57,994 39,197 18,797 0 7,001 0

63,116 59,114 41,944 17,171 0 4,002 0

72,337 66,042 44,641 21,402 0 6,295 0

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

0 28,369 5,003 2,594

1 33,674 17,103 5,353

1 35,295 19,579 3,776

2 36,815 18,588 4,124

0 38,024 20,932 2,521

1 39,121 18,873 3,442

0 41,872 17,242 7,787

0 44,565 21,477 8,934

External debt flows Disbursements Long-term external debt IMF purchases

2,840 2,840 0

6,060 5,747 313

6,525 6,525 0

8,902 8,902 0

8,876 8,876 0

5,163 5,163 0

9,853 9,853 0

15,534 15,534 0

Principal repayments Long-term external debt IMF repurchases

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

6,379 6,379 0

9,527 9,527 0

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

-696 104 -437

2,551 1,700 546

1,472 440 1,349

-2,284 -498 -1,386

4,611 2,536 2,075

-3,140 -3,057 -83

476 3,475 -2,999

8,300 6,007 2,293

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

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 3,431 0 70

3,347 3,324 0 23

1,478 0

2,240 -202

1,854 1,465

2,921 2,525

2,916 3,178

1,544 -1,289

1,963 -1,096

1,713 481

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

.. 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

5.7 32.4 0.1 0.2 53.0

5.9 33.2 0.0 0.2 52.9

5.1 38.4 0.0 0.1 49.8

5.1 33.7 0.0 0.1 55.8

3.6 36.0 0.0 0.1 56.2

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 21.3 6.5

2.4 22.6 6.5

1.2 20.1 6.4

1.0 24.4 7.7

7.1 11.0 10.2

8.3 11.4 10.8

7.6 10.8 10.2

7.9 18.7 18.6

6.4 24.6 24.5

4.2 15.9 10.8

7.1 13.8 13.4

4.5 13.9 13.3

76,450 32,862 5,360 35,722 515 -1,980 7,781

80,996 44,060 6,961 51,928 230 -2,225 15,074

102,768 48,725 13,566 58,136 1,391 1,980 18,474

120,950 57,358 15,251 65,214 2,015 5,341 22,963

148,461 64,629 16,302 71,670 2,133 7,112 33,740

173,708 63,943 18,642 75,563 1,675 3,627 37,498

168,141 54,336 19,765 61,257 2,150 9,358 44,206

199,897 70,020 21,423 78,150 2,234 8,465 62,326

119.8 51.5 16.3 13.4 21.6 19.8 2.6

132.3 72.0 16.0 9.4 12.4 25.9 3.5

126.5 60.0 20.4 10.4 10.7 30.0 3.8

105.3 49.9 23.9 8.3 11.4 38.0 4.2

102.2 44.5 15.7 10.7 10.9 51.1 5.6

101.6 37.4 19.1 10.8 11.4 57.7 6.0

116.2 37.5 18.2 6.3 13.4 70.0 8.7

103.3 36.2 18.4 8.7 11.6 86.2 9.6

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)

242


PHILIPPINES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

55,403 36,881 18,623 6,874 2,690 196 11,749 18,258 16,386 813 18,522 2,476

58,956 38,089 19,586 7,219 2,726 195 12,367 18,503 16,904 636 20,867 1,993

57,994 39,197 21,601 7,414 2,533 187 14,186 17,597 16,144 662 18,797 1,314

59,114 41,944 22,067 8,449 2,488 181 13,618 19,877 18,627 894 17,171 956

66,042 44,641 23,198 8,372 2,567 171 14,826 21,443 20,221 918 21,402 1,651

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

2,840 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

8,902 7,878 1,905 974 132 0 931 5,973 5,756 165 1,024 0

8,876 2,767 1,655 808 372 0 847 1,112 1,048 36 6,109 0

5,163 2,119 1,442 860 192 0 582 677 576 100 3,044 0

9,853 8,143 2,360 1,703 361 0 657 5,783 5,510 272 1,710 0

15,534 8,152 1,346 491 438 0 855 6,806 6,680 122 7,382 1,012

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

2,737 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

6,379 3,841 1,722 651 394 7 1,071 2,120 1,644 53 2,537 339

9,527 6,816 1,818 671 379 7 1,147 4,998 4,807 108 2,711 174

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

1,859 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

3,431 2,840 542 248 112 1 294 2,298 2,257 26 590 88

3,324 2,977 498 196 81 1 301 2,479 2,441 26 347 25

-878 -696

-17 2,551

690 1,472

-1,246 -2,284

5,628 4,611

-1,045 -3,140

-1,879 476

9,221 8,300

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

2011

2012

2013

2014

2015

2016

2017

2018

2,092 464

2,009 423

2,177 385

1,961 348

1,653 317

1,607 287

1,556 258

1,524 229

3,745 1,861

2,405 1,762

2,760 1,711

3,024 1,627

2,834 1,533

4,464 1,425

3,353 1,217

2,230 1,112

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.

243


ROMANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

6,832 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

53,935 37,265 14,184 23,081 104 16,567 6

84,162 54,836 15,200 39,636 0 29,326 6

102,487 73,827 14,987 58,839 0 28,660 2

118,008 86,253 17,956 68,297 9,544 22,210 1

121,505 81,383 20,557 60,826 15,092 25,029 1

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

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 2,594

256 14,833 40,003 985

237 14,742 59,084 3,335

1 17,714 68,539 8,472

1 19,887 61,496 1,838

External debt flows Disbursements Long-term external debt IMF purchases

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

32,564 23,173 9,391

23,080 17,416 5,664

Principal repayments Long-term external debt IMF repurchases

675 302 373

1,801 1,705 96

5,331 5,179 152

6,472 6,305 167

8,325 8,219 105

14,427 14,427 0

13,117 13,117 0

15,744 15,744 0

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

1,174 1,153 337

1,843 1,439 386

10,619 7,739 3,032

13,915 4,922 9,161

25,319 12,665 12,760

17,424 18,086 -662

12,998 10,056 -6,449

10,155 1,672 2,819

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

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

3,696 2,904 0 792

3,178 2,737 77 364

2,801 2,158 301 342

419 0

1,037 58

6,482 229

11,393 301

9,925 746

13,883 23

4,846 7

3,453 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

.. 2.7 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 13.3

82.5 3.9 0.0 0.1 10.5

6.0 13.3 4.3

5.9 17.1 4.2

2.1 23.0 6.4

3.6 19.2 5.4

4.6 20.0 5.9

4.0 14.4 12.7

2.9 11.6 5.6

1.8 24.9 7.0

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

5.0 5.1 5.0

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 52,162 4,952 64,825 1,212 -6,955 44,383

159,027 59,372 3,883 70,374 747 -6,480 48,048

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 27.5 28.0 7.1 38.8 4.8

226.2 71.9 31.2 18.8 9.0 37.6 8.2

204.7 76.4 31.2 20.6 11.0 39.5 8.2

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)

244


ROMANIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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 14,184 6,674 6,092 2,481 0 583 7,510 2,371 5,000 23,081 0

54,836 15,200 7,301 6,709 2,604 0 592 7,899 2,650 5,113 39,636 0

73,827 14,987 8,006 7,295 2,572 0 710 6,982 2,714 4,178 58,839 0

86,253 17,956 11,271 10,579 2,995 0 692 6,686 2,809 3,816 68,297 0

81,383 20,557 14,233 13,373 2,830 0 860 6,324 1,670 4,595 60,826 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

1,455 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

23,173 3,860 3,720 3,671 703 0 48 140 0 140 19,313 0

17,416 5,609 4,123 4,001 187 0 122 1,486 0 1,468 11,807 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

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

6,305 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

13,117 1,376 671 609 261 0 63 704 0 635 11,741 0

15,744 2,112 664 627 262 0 37 1,448 929 503 13,632 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

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

2,737 705 322 305 95 0 17 383 156 219 2,032 0

2,158 596 293 276 51 0 17 303 145 155 1,562 0

1,230 1,174

2,154 1,843

9,287 10,619

15,075 13,915

30,227 25,319

18,325 17,424

15,521 12,998

3,497 10,155

0 0 0

0 0 0

0 19 0

0 0 0

0 0 0

0 0 0

0 5 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

2011

2012

2013

2014

2015

2016

2017

2018

781 408

891 441

972 453

1,583 449

2,510 401

2,005 346

2,019 291

1,832 237

6,747 1,223

7,727 1,077

6,772 926

6,691 817

8,347 712

6,222 522

6,116 429

7,063 338

Notes: Short-term debt is based on reports provided by the country.

245


RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

239,911 212,780 86,877 125,903 0 27,131 3,151

250,743 210,142 107,442 102,700 0 40,601 747

361,338 289,337 148,737 140,600 0 72,001 606

402,726 347,925 141,725 206,200 0 54,801 655

373,419 341,116 148,116 193,000 0 32,303 427

384,740 345,983 162,924 183,059 0 38,756 56

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

22,417 101,582 0 3,154

7,368 110,989 21,762 76

2,064 86,877 125,903 11,545

506 107,442 102,700 13,472

39 148,737 140,600 45,956

115 141,725 206,200 23,462

0 148,116 193,000 10,123

0 162,924 183,059 21,117

External debt flows Disbursements Long-term external debt IMF purchases

8,536 3,083 5,453

1,387 1,387 0

55,068 55,068 0

49,795 49,795 0

96,278 96,278 0

108,173 108,173 0

42,090 42,090 0

51,406 51,406 0

Principal repayments Long-term external debt IMF repurchases

3,273 3,273 0

6,221 3,333 2,888

32,475 29,086 3,389

37,396 37,396 0

24,111 24,111 0

44,579 44,579 0

38,944 38,944 0

44,197 44,197 0

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

4,913 -190 -350

-2,835 -1,947 2,000

23,227 25,982 634

28,273 12,399 15,874

103,708 72,167 31,541

46,345 63,594 -17,249

-19,124 3,146 -22,270

14,034 7,210 6,824

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

2,885 2,591 294 0

5,604 4,284 691 630

9,446 8,569 27 850

12,890 11,599 0 1,291

16,135 13,771 0 2,364

22,570 20,715 0 1,855

18,144 17,605 0 539

17,652 17,229 0 423

2,065 47

2,714 150

12,886 -100

29,701 6,480

55,073 18,675

75,002 -15,005

36,500 3,369

42,868 -4,808

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 0.8 2.8 52.1

.. 0.8 0.1 0.0 71.6

10.2 1.2 0.0 0.0 83.4

3.8 0.8 0.0 0.0 91.1

2.9 0.5 0.0 0.0 93.9

3.9 0.5 0.0 0.0 93.1

4.1 0.5 0.0 0.0 93.5

3.5 0.4 0.0 0.3 94.5

7.0 16.7 5.6

7.3 16.8 5.3

4.4 17.3 4.8

0.0 6.3 3.3

3.5 11.1 3.3

0.0 0.0 0.0

0.6 13.3 3.8

0.0 0.0 0.0

7.0 14.4 2.5

7.1 9.1 2.1

5.2 4.0 1.6

6.1 4.7 3.2

5.8 6.5 4.3

5.4 5.7 3.9

5.5 5.6 5.3

4.2 6.4 5.7

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

744,977 286,244 3,012 200,604 19,483 84,602 182,272

960,335 364,409 3,344 268,185 34,601 94,686 303,773

1,268,989 441,054 4,713 359,779 43,195 77,768 478,822

1,611,773 584,560 6,033 478,265 62,290 103,530 426,279

1,181,785 378,166 5,359 326,699 37,472 48,605 439,342

1,431,459 482,121 5,264 408,336 48,189 70,599 479,222

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

83.8 32.2 14.6 11.3 2.3 76.0 10.9

68.8 26.1 13.8 16.2 2.2 121.1 13.6

81.9 28.5 9.1 19.9 1.4 132.5 16.0

68.9 25.0 11.5 13.6 1.1 105.8 10.7

98.7 31.6 15.1 8.7 1.0 117.7 16.1

79.8 26.9 12.8 10.1 0.8 124.6 14.1

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)

246


RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

212,780 86,877 34,723 5,627 5,091 0 29,096 52,154 40,244 10,050 125,903 33,673

210,142 107,442 11,220 5,451 4,759 0 5,769 96,223 44,146 50,419 102,700 48,741

289,337 148,737 9,677 5,099 4,292 0 4,579 139,059 60,619 77,637 140,600 70,208

347,925 141,725 8,396 4,477 3,851 0 3,919 133,329 67,238 65,562 206,200 78,078

341,116 148,116 7,333 3,724 3,211 0 3,609 140,783 70,117 70,323 193,000 73,331

345,983 162,924 6,389 3,042 2,618 0 3,347 156,535 82,643 73,742 183,059 73,329

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

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

49,795 24,014 569 528 324 0 42 23,444 5,618 17,826 25,781 16,192

96,278 46,257 520 420 214 0 100 45,736 19,888 25,848 50,021 26,395

108,173 20,159 361 260 221 0 101 19,798 12,187 7,611 88,014 14,333

42,090 32,106 108 108 95 0 0 31,998 8,723 23,275 9,984 2,286

51,406 33,633 139 139 135 0 0 33,494 16,165 17,328 17,774 11,976

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

3,273 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

24,111 10,879 1,765 815 724 0 950 9,114 3,714 4,679 13,232 6,065

44,579 23,114 1,598 947 706 0 650 21,516 5,098 16,110 21,465 6,020

38,944 15,841 1,183 872 730 0 311 14,658 5,944 8,526 23,103 7,033

44,197 19,153 1,096 798 731 0 297 18,057 3,573 14,284 25,044 9,669

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

2,591 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

11,599 5,279 1,735 276 243 0 1,458 3,545 2,857 631 6,320 3,234

13,771 4,730 453 301 262 0 152 4,277 3,356 875 9,041 4,722

20,715 6,264 333 234 202 0 99 5,931 4,372 1,523 14,451 5,269

17,605 5,421 182 135 121 0 47 5,239 4,657 564 12,184 5,550

17,229 5,803 62 36 30 0 26 5,741 4,896 837 11,427 5,154

-374 4,913

-14,761 -2,835

43,128 23,227

10,832 28,273

110,595 103,708

41,388 46,345

-29,307 -19,124

11,321 14,034

7,166 0 0

26,526 11,600 0

0 0 0

1,170 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

2011

2012

2013

2014

2015

2016

2017

2018

1,742 113

958 88

725 71

622 59

454 48

290 40

1,035 34

215 9

62,304 14,346

45,111 12,430

46,455 10,625

38,271 8,760

32,049 7,112

20,390 5,824

29,696 4,932

23,277 3,547

Notes: Data on long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt for 2010 are World Bank staff estimates based on reports provided by the country.

247


RWANDA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

413.0 389.5 389.5 0.0 4.3 19.2 12.2

584.6 565.9 565.9 0.0 8.1 10.6 10.6

662.8 645.7 645.7 0.0 11.4 5.7 0.7

748.9 723.5 723.5 0.0 15.2 10.1 0.1

794.6 765.6 765.6 0.0 14.9 14.1 0.1

44.2 970.7 0.0 50.0

71.9 1146.6 0.0 55.0

73.3 1414.5 0.0 73.0

69.3 389.5 0.0 17.9

63.0 565.9 0.0 386.6

4.3 645.7 0.0 0.0

2.7 723.5 0.0 52.1

2.1 765.6 0.0 138.3

External debt flows Disbursements Long-term external debt IMF purchases

67.5 54.0 13.5

64.9 39.8 25.1

86.5 84.8 1.7

67.0 64.5 2.5

85.7 82.3 3.5

114.1 110.5 3.6

88.4 84.8 3.6

61.4 61.4 0.0

Principal repayments Long-term external debt IMF repurchases

11.4 11.4 0.0

24.3 13.1 11.1

16.8 13.2 3.7

17.8 17.8 0.0

16.2 16.2 0.0

8.6 8.6 0.0

5.3 5.3 0.0

8.3 8.2 0.1

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

52.6 42.6 -3.5

24.3 26.7 -16.4

66.6 71.6 -3.0

52.3 46.7 3.0

62.6 66.1 -7.0

110.5 101.9 5.0

88.1 79.5 5.0

57.0 53.1 4.0

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

8.9 8.3 0.1 0.5

11.4 8.5 1.4 1.5

10.8 10.2 0.4 0.2

8.2 7.9 0.0 0.3

6.7 6.5 0.0 0.2

5.7 5.5 0.1 0.1

6.0 5.8 0.1 0.1

6.2 6.0 0.0 0.2

2.2 ..

8.3 ..

8.0 ..

11.2 ..

67.1 ..

103.4 ..

118.7 ..

42.3 ..

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

.. 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

6.8 0.0 0.0 0.0 54.4

5.1 0.0 0.0 0.0 44.4

6.8 0.0 0.0 0.0 41.9

6.7 0.0 0.0 0.0 41.2

5.5 0.0 0.0 0.0 40.1

0.8 39.8 10.3

0.8 39.7 10.2

0.9 40.0 9.4

1.0 30.1 6.5

3.0 25.1 7.9

0.0 0.0 0.0

1.8 21.8 7.0

0.9 35.9 9.2

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

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

2554.0 284.6 20.9 702.8 4.7 -52.1 405.8

3082.5 302.5 21.2 778.3 3.9 -180.0 439.7

3723.8 411.3 51.3 971.4 9.3 -146.6 552.8

4677.2 693.0 67.8 1463.5 15.4 -252.1 596.3

5225.2 548.6 92.6 1531.2 4.7 -378.6 742.7

5581.8 620.5 91.8 1699.2 0.0 -421.4 812.8

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 59.1 9.7 1.2 90.0 26.9 6.9

136.5 13.4 8.6 4.6 81.2 106.5 6.8

142.1 15.7 5.6 1.8 79.9 94.6 6.8

95.6 14.2 2.1 0.9 84.8 90.0 4.9

136.5 14.3 2.1 1.4 82.2 99.2 5.8

128.1 14.2 2.3 1.8 80.5 102.3 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)

248


RWANDA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

389.5 389.5 389.5 335.2 0.0 168.5 54.3 0.0 0.0 0.0 0.0 0.0

565.9 565.9 565.9 467.3 0.0 203.8 98.6 0.0 0.0 0.0 0.0 0.0

645.7 645.7 645.7 562.0 0.0 241.7 83.7 0.0 0.0 0.0 0.0 0.0

723.5 723.5 723.5 615.3 0.0 254.2 108.3 0.0 0.0 0.0 0.0 0.0

765.6 765.6 765.6 639.3 0.0 259.4 126.3 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

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

82.3 82.3 82.3 70.9 0.0 27.6 11.4 0.0 0.0 0.0 0.0 0.0

110.5 110.5 110.5 101.4 0.0 40.5 9.1 0.0 0.0 0.0 0.0 0.0

84.8 84.8 84.8 58.5 0.0 10.5 26.4 0.0 0.0 0.0 0.0 0.0

61.4 61.4 61.4 43.1 0.0 9.8 18.3 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

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

17.8 17.8 17.8 12.6 0.0 0.0 5.1 0.0 0.0 0.0 0.0 0.0

16.2 16.2 16.2 10.9 0.0 0.0 5.2 0.0 0.0 0.0 0.0 0.0

8.6 8.6 8.6 8.2 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0

5.3 5.3 5.3 4.9 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0

8.2 8.2 8.2 7.0 0.0 0.5 1.2 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

8.3 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

7.9 7.9 7.9 6.8 0.0 2.3 1.0 0.0 0.0 0.0 0.0 0.0

6.5 6.5 6.5 5.4 0.0 1.5 1.1 0.0 0.0 0.0 0.0 0.0

5.5 5.5 5.5 4.4 0.0 1.7 1.1 0.0 0.0 0.0 0.0 0.0

5.8 5.8 5.8 4.2 0.0 1.8 1.6 0.0 0.0 0.0 0.0 0.0

6.0 6.0 6.0 4.3 0.0 1.9 1.7 0.0 0.0 0.0 0.0 0.0

76.7 52.6

-21.3 24.3

-145.7 66.6

-1095.9 52.3

171.6 62.6

78.2 110.5

86.1 88.1

45.6 57.0

6.1 0.0 0.0

6.8 0.3 0.0

8.0 103.5 0.0

14.0 1215.5 0.0

0.1 0.6 0.0

0.0 29.5 0.0

0.0 4.6 0.0

0.0 4.2 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

2011

2012

2013

2014

2015

2016

2017

2018

16.0 8.5

18.3 9.3

20.4 9.8

27.2 10.1

33.0 10.1

33.9 9.9

34.3 9.6

34.8 9.2

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 and publicly guaranteed have been revised from 2008 based on reports provided by the country.

249


SAMOA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

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

308.0 299.1 299.1 0.0 8.9 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

0.0 160.0 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

0.0 299.1 0.0 79.4

External debt flows Disbursements Long-term external debt IMF purchases

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

78.9 78.9 0.0

Principal repayments Long-term external debt IMF repurchases

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

7.2 7.2 0.0

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

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

28.1 19.2 0.0

71.6 71.6 0.0

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

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

3.3 3.3 0.0 0.0

3.4 ..

-1.5 ..

-3.0 ..

20.7 ..

6.8 ..

45.9 ..

9.9 ..

0.7 ..

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 36.6

.. 0.0 0.0 0.0 41.0

1.7 0.0 0.0 0.0 43.7

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

0.4 2.7 0.0 0.0 33.7

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

1.4 29.1 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 0.0

0.0 0.0 0.0

0.0 0.0 0.0

193.7 69.1 41.0 119.9 .. 9.3 55.3

245.6 .. 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

479.9 190.0 119.8 344.4 37.9 -41.6 95.4

561.5 193.8 135.0 372.1 50.5 -53.5 87.1

480.8 181.5 131.4 318.4 27.4 -9.3 165.8

543.8 201.7 143.4 391.2 17.5 -57.9 209.4

231.6 82.6 6.6 .. 93.1 34.6 5.5

.. 56.1 .. .. 93.9 46.2 ..

127.5 43.1 4.4 .. 92.6 48.8 3.7

109.4 37.8 4.6 .. 99.8 49.3 3.3

97.8 38.7 3.6 .. 95.1 51.3 3.3

106.1 36.6 4.2 .. 85.6 42.4 2.8

129.8 49.0 4.7 .. 76.5 70.4 6.3

152.7 56.6 5.2 .. 71.2 68.0 6.4

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)

250


SAMOA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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 29.6 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

299.1 299.1 299.1 219.2 0.0 99.3 79.9 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

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

78.9 78.9 78.9 47.7 0.0 21.9 31.1 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

3.0 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

7.2 7.2 7.2 7.2 0.0 1.9 0.1 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 1.5 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

3.3 3.3 3.3 1.7 0.0 0.6 1.6 0.0 0.0 0.0 0.0 0.0

5.5 3.8

-8.7 2.5

-7.3 6.1

-3.7 2.4

22.2 12.6

19.7 19.6

29.9 28.1

72.5 71.6

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

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

2011

2012

2013

2014

2015

2016

2017

2018

7.2 3.6

8.4 3.7

9.3 3.8

12.9 3.8

14.3 3.8

16.0 3.8

17.3 3.6

19.9 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

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 2008, 2009, and 2010 are $1.1 billion, $1.2 billion, and $2.1 billion respectively.

251


SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

245.7 231.8 231.8 0.0 0.8 13.0 6.0

304.0 278.3 278.3 0.0 2.5 23.3 11.3

334.7 317.1 317.1 0.0 3.2 14.4 14.4

350.6 331.4 331.4 0.0 4.1 15.1 14.1

165.2 143.5 143.5 0.0 2.6 19.2 8.2

130.8 108.7 108.7 0.0 3.8 18.2 8.2

148.8 125.0 125.0 0.0 4.5 19.4 8.4

170.2 145.3 145.3 0.0 4.9 19.9 5.9

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

27.2 231.8 0.0 0.0

47.7 278.3 0.0 18.2

55.8 317.1 0.0 0.0

69.6 331.4 0.0 0.0

71.6 143.5 0.0 5.0

66.0 108.7 0.0 3.9

63.9 120.0 5.0 10.0

67.7 140.3 5.0 66.3

External debt flows Disbursements Long-term external debt IMF purchases

13.0 13.0 0.0

11.9 9.4 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

20.3 19.8 0.6

Principal repayments Long-term external debt IMF repurchases

1.1 0.8 0.2

2.2 2.2 0.0

4.6 4.4 0.1

5.1 4.6 0.6

5.0 4.2 0.8

1.7 1.7 0.0

1.7 1.7 0.0

1.2 1.2 0.0

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

12.9 12.2 1.0

9.7 7.2 0.0

1.5 1.0 0.0

-0.2 -1.9 1.0

10.5 -0.1 10.0

3.9 3.5 -1.0

18.7 17.1 1.0

22.1 18.6 3.0

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

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

0.6 0.3 0.0 0.3

0.3 0.3 0.0 0.0

0.4 0.3 0.0 0.2

0.0 0.0

3.8 0.0

16.2 ..

27.5 ..

22.0 ..

56.7 ..

7.5 ..

3.0 ..

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 40.0

.. 0.0 0.0 4.7 43.7

6.2 0.0 0.0 5.2 45.0

6.6 0.0 0.0 5.3 44.8

3.8 0.0 0.0 13.4 64.7

4.5 0.0 0.0 18.7 53.7

3.8 0.0 0.0 16.8 58.8

14.9 0.0 0.0 15.8 50.8

0.0 0.0 0.0

0.9 39.4 10.1

0.0 0.0 0.0

0.0 0.0 0.0

4.6 20.0 8.0

0.8 22.8 7.0

0.0 29.8 5.8

1.9 29.9 9.9

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 .. 5.1

.. 16.8 0.5 41.2 0.0 -20.1 11.6

111.8 17.9 1.5 57.6 .. -36.2 26.7

126.5 22.3 1.6 80.1 .. -57.7 34.2

149.6 20.3 2.0 85.8 .. -64.3 39.3

174.8 19.4 3.0 115.6 .. -93.5 ..

192.0 21.3 2.0 104.7 .. -78.8 ..

199.6 24.7 2.0 126.9 .. -99.6 ..

.. .. .. 5.3 61.9 2.1 ..

1806.6 .. 25.6 7.7 55.7 3.8 3.4

1868.5 299.3 37.0 4.3 59.0 8.0 5.6

1574.6 277.1 31.5 4.3 57.9 9.7 5.1

814.8 110.4 31.7 11.6 22.8 23.8 5.5

672.4 74.8 12.0 13.9 27.4 .. ..

699.0 77.5 9.7 13.0 24.7 .. ..

688.9 85.3 6.5 11.7 21.9 .. ..

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


SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

231.8 231.8 231.8 152.0 0.0 53.6 79.9 0.0 0.0 0.0 0.0 0.0

278.3 278.3 278.3 169.3 0.0 58.9 109.0 0.0 0.0 0.0 0.0 0.0

317.1 317.1 317.1 197.4 0.0 72.4 119.7 0.0 0.0 0.0 0.0 0.0

331.4 331.4 331.4 203.2 0.0 76.4 128.3 0.0 0.0 0.0 0.0 0.0

143.5 143.5 143.5 37.7 0.0 10.7 105.8 0.0 0.0 0.0 0.0 0.0

108.7 108.7 108.7 35.9 0.0 13.3 72.9 0.0 0.0 0.0 0.0 0.0

125.0 125.0 125.0 36.7 0.0 14.4 88.3 0.0 0.0 0.0 0.0 0.0

145.3 145.3 145.3 37.3 0.0 14.2 108.0 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

13.0 13.0 13.0 13.0 0.0 5.6 0.0 0.0 0.0 0.0 0.0 0.0

9.4 9.4 9.4 8.4 0.0 1.7 1.0 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

19.8 19.8 19.8 2.3 0.0 0.1 17.4 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

0.8 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

4.4 4.4 4.4 2.1 0.0 0.1 2.4 0.0 0.0 0.0 0.0 0.0

4.6 4.6 4.6 3.8 0.0 0.1 0.8 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 1.4 0.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 1.2 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

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

0.3 0.3 0.3 0.3 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 0.3 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 0.3 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

22.9 12.9

-16.9 9.7

-25.4 1.5

15.9 -0.2

-185.4 10.5

-34.4 3.9

18.0 18.7

21.4 22.1

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 42.1 0.0

0.0 2.0 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

2011

2012

2013

2014

2015

2016

2017

2018

4.3 0.8

4.3 0.8

4.3 0.8

3.9 0.7

4.6 0.7

2.6 0.7

2.6 0.7

2.7 0.7

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 for 2010 include the effects of HIPC debt reliefs in the amount of $37 thousand.

253


SENEGAL (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,916 3,309 3,266 44 347 260 9

3,622 3,221 3,208 13 255 146 1

3,831 3,646 3,505 141 148 36 0

1,905 1,794 1,644 151 26 84 0

2,553 2,193 1,993 200 27 332 0

2,820 2,559 2,378 180 64 197 0

3,499 3,314 2,957 357 167 18 0

3,677 3,464 3,155 308 213 0 0

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

51 3,234 76 333

17 3,208 13 241

10 3,505 141 327

18 1,644 151 534

15 1,993 200 294

5 2,378 180 567

5 2,957 357 774

6 3,155 308 309

External debt flows Disbursements Long-term external debt IMF purchases

256 173 83

156 137 19

387 382 5

280 259 20

497 497 0

560 522 38

935 835 100

485 436 49

Principal repayments Long-term external debt IMF repurchases

196 156 41

148 127 21

145 112 34

111 111 0

126 126 0

125 125 0

148 148 0

227 227 1

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

87 17 28

-153 10 -161

242 270 0

217 149 48

619 371 248

300 397 -135

608 688 -179

240 209 -18

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

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 50 0 1

75 75 0 0

32 4

63 -2

45 -6

220 0

297 8

398 -93

208 ..

237 ..

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

.. 3.6 0.1 0.5 35.8

.. 3.5 0.1 0.2 45.0

10.9 2.7 0.0 0.0 59.4

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 36.9

17.7 0.2 0.0 0.0 39.5

18.8 0.2 0.0 0.0 38.3

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 34.7 8.4

1.0 36.0 9.4

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 5.0

0.0 0.0 0.0

4,724 1,593 146 2,033 62 -244 272

4,601 1,383 233 1,929 75 -332 388

8,546 2,451 789 3,880 62 -676 1,186

9,290 2,522 925 4,220 70 -861 1,334

11,238 3,013 1,192 5,614 78 -1,312 1,660

13,163 3,736 1,476 7,304 123 -1,884 1,602

12,747 .. 1,365 .. .. .. 2,123

12,900 .. 1,346 .. .. .. 2,047

245.8 82.9 17.8 6.6 48.2 6.9 1.6

261.9 78.7 16.2 4.0 52.8 10.7 2.4

156.3 44.8 8.3 0.9 73.5 31.0 3.7

75.5 20.5 7.3 4.4 51.7 70.1 3.8

84.7 22.7 6.3 13.0 54.1 65.0 3.5

75.5 21.4 4.8 7.0 55.1 56.8 2.6

.. 27.4 .. 0.5 51.6 60.7 ..

.. 28.5 .. 0.0 53.7 55.7 ..

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)

254


SENEGAL (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

3,646 3,505 3,496 2,816 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

2,559 2,378 2,374 1,553 0 780 821 4 0 4 180 0

3,314 2,957 2,755 1,806 0 921 949 202 200 2 357 0

3,464 3,155 2,955 1,976 0 1,017 979 200 200 0 308 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

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

436 353 353 250 0 113 103 0 0 0 83 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

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

125 86 84 44 0 1 40 3 0 3 39 0

148 98 96 60 0 2 35 3 0 3 49 0

227 82 80 45 0 4 35 2 0 2 144 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

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

50 41 41 22 0 6 19 0 0 0 9 0

75 64 46 22 0 7 24 18 18 0 11 0

218 87

-346 -153

-75 242

-1,926 217

648 619

267 300

679 608

178 240

258 27 0

0 24 0

31 49 0

262 2,442 0

4 146 0

2 3 0

0 0 0

0 23 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

2011

2012

2013

2014

2015

2016

2017

2018

162 46

173 44

176 42

135 39

145 38

152 37

156 35

157 33

62 22

62 21

62 20

262 19

62 1

0 0

0 0

0 0

Notes: Senegal was granted debt relief effective in 2006 under MDRI.

255


SERBIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

16,078 12,970 7,756 5,214 866 2,242 728

19,801 17,560 7,752 9,808 0 2,241 584

26,122 23,873 8,469 15,404 0 2,249 703

30,406 26,719 8,399 18,320 0 3,687 704

33,111 27,910 8,835 19,076 1,601 3,600 712

32,222 27,389 9,477 17,912 2,034 2,798 352

4,182 6,693 1,869 0

5,275 6,095 694 71

805 7,756 5,214 350

732 7,752 9,808 668

1,250 8,463 15,410 511

1,625 8,376 18,343 433

1,832 8,780 19,130 2,510

1,976 9,370 18,019 2,232

External debt flows Disbursements Long-term external debt IMF purchases

0 0 0

376 222 154

3,088 2,904 185

5,283 5,283 0

6,661 6,661 0

6,996 6,996 0

6,104 4,529 1,575

5,052 4,594 458

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

3,486 3,486 0

3,613 3,613 0

3,431 3,431 0

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

120 0 120

51 222 -252

2,827 2,334 515

3,868 3,964 143

4,216 4,328 -112

4,948 3,511 1,437

2,396 916 -95

1,178 1,163 -442

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

898 840 0 59

1,249 1,136 0 113

1,032 916 7 110

873 759 21 93

45 ..

52 ..

2,051 ..

4,968 ..

3,432 772

2,996 -57

1,936 22

1,340 84

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

.. 2.2 0.7 3.6 19.8

.. 2.0 0.5 2.8 24.6

32.3 1.2 0.2 1.9 62.5

35.5 1.2 0.2 3.4 57.7

37.8 1.1 0.1 3.2 55.3

37.6 1.4 0.1 3.1 55.0

42.4 1.2 0.1 2.8 50.6

46.6 1.2 0.1 2.9 46.3

0.0 0.0 0.0

0.4 23.2 7.8

1.7 17.6 6.6

4.1 16.6 3.8

5.0 18.6 6.3

3.7 22.0 6.6

1.3 20.9 5.9

2.3 15.1 4.0

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

4.9 5.3 1.4

.. .. .. .. .. .. ..

6,082 .. .. .. .. .. 517

24,910 .. .. .. .. .. 5,842

28,806 .. .. .. .. .. 11,889

38,555 12,579 3,064 23,401 596 -6,890 14,214

47,501 15,792 2,710 29,927 890 -10,395 11,478

40,965 12,544 3,936 20,348 451 -2,867 15,228

38,235 13,933 3,351 21,169 552 -2,819 13,308

.. .. .. 19.8 12.2 .. ..

.. 189.1 .. 39.6 12.5 4.5 ..

.. 64.5 .. 13.9 22.1 36.3 ..

.. 68.7 .. 11.3 20.0 60.0 ..

207.7 67.8 25.7 8.6 17.2 54.4 7.3

192.5 64.0 30.0 12.1 15.0 37.7 4.6

264.0 80.8 37.0 10.9 13.3 46.0 9.0

231.3 84.3 30.9 8.7 15.0 41.3 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)

256


SERBIA (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

12,970 7,756 6,679 3,559 2,147 486 3,119 1,077 0 1,076 5,214 0

17,560 7,752 6,622 3,958 2,127 553 2,664 1,129 0 1,128 9,808 0

23,873 8,469 7,289 4,504 2,326 625 2,786 1,180 0 1,179 15,404 165

26,719 8,399 7,223 4,554 2,276 655 2,669 1,175 0 1,174 18,320 165

27,910 8,835 7,660 4,404 1,783 676 3,256 1,175 0 1,174 19,076 165

27,389 9,477 8,144 4,848 1,818 681 3,296 1,332 0 1,331 17,912 165

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

5,283 456 406 392 0 43 14 50 0 50 4,828 0

6,661 316 275 241 0 47 34 41 0 41 6,345 165

6,996 294 291 278 0 34 13 3 0 3 6,703 0

4,529 966 966 416 56 17 550 0 0 0 3,562 0

4,594 1,365 1,126 885 243 16 241 239 0 239 3,230 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

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

3,486 181 180 118 22 0 62 1 0 1 3,305 0

3,613 158 154 87 0 0 67 4 0 4 3,454 0

3,431 351 275 176 71 0 98 76 0 76 3,081 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

840 415 369 174 112 5 195 46 0 46 425 7

1,136 354 328 186 96 5 142 26 0 26 782 10

916 348 303 175 98 5 128 45 0 45 568 10

759 321 241 113 44 5 128 80 0 80 438 10

-315 120

599 51

1,604 2,827

3,722 3,868

6,322 4,216

4,284 4,948

2,705 2,396

-890 1,178

0 0 0

0 0 0

8 59 0

0 610 0

0 14 0

0 0 0

205 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

2011

2012

2013

2014

2015

2016

2017

2018

403 200

503 211

622 212

688 208

756 198

797 186

751 171

789 156

4,054 638

3,140 524

2,580 435

2,279 338

1,684 251

1,306 171

566 125

551 97

Notes: Beginning 2006, the DRS data for Serbia exclude Montenegro. Short-term debt is based on Central Bank data.

257


SEYCHELLES (US$ million, unless otherwise indicated) 1995

2000

2005

2006

2007

2008

2009

2010

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

198 185 185 0 0 13 2

304 220 220 0 0 84 5

671 398 398 0 0 273 57

1,097 504 504 0 0 593 48

1,410 626 626 0 0 784 60

1,501 650 650 0 9 842 78

1,723 736 736 0 19 968 110

1,510 498 498 0 31 980 24

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

20 185 0 9

21 220 0 32

116 398 0 56

101 504 0 248

113 626 0 141

114 650 0 104

234 736 0 40

45 498 0 25

External debt flows Disbursements Long-term external debt IMF p