T H E W O R L D B A N K Global 49317 v2 Development Finance Charting a Global Recovery 2009 I I : S U M M A R Y A N D C O U N T R Y T A B L E S Global Development Finance Charting a Global Recovery II: Summary and Country Tables Global Development Finance Charting a Global Recovery I I : S U M M A R Y A N D C O U N T R Y T A B L E S 2009 T H E W O R L D B A N K © 2009 The International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org E-mail feedback@worldbank.org All rights reserved 1 2 3 4 12 11 10 09 This volume is a product of the staff of the World Bank. The findings, interpretations, and conclusions expressed herein do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. 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Cover art: Charles Arnoldi, "Jumbo" 2000 (detail) Cover design: Critical Stages ISBN: 978-0-8213­7842­7 e-ISBN: 978-0-8213­8064­2 ISSN 1020-5454 DOI: 10.1596/ 978-0-8213­7842­7 Table of Contents Preface vii Burundi 58 Cambodia 60 Acknowledgments ix Cameroon 62 Cape Verde 64 About the data xi Central African Republic 66 Methodology xi Chad 68 Metadata xiv Chile 70 Country notes xx China 72 Sources xxi Colombia 74 Symbols xxi Comoros 76 Abbreviations xxiii Congo, Democratic Republic of 78 Congo, Republic of 80 External debt stock and its components xxiv Costa Rica 82 Country groups xxv Côte d'Ivoire 84 Croatia 86 Summary tables xxvii Djibouti 88 Regional and income group Dominica 90 aggregate tables 1 Dominican Republic 92 Ecuador 94 Country tables 21 Egypt, Arab Republic of 96 Afghanistan 22 El Salvador 98 Albania 24 Eritrea 100 Algeria 26 Ethiopia 102 Angola 28 Fiji 104 Argentina 30 Gabon 106 Armenia 32 Gambia, The 108 Azerbaijan 34 Georgia 110 Bangladesh 36 Ghana 112 Belarus 38 Grenada 114 Belize 40 Guatemala 116 Benin 42 Guinea 118 Bhutan 44 Guinea-Bissau 120 Bolivia, Plurinational State of 46 Guyana 122 Bosnia and Herzegovina 48 Haiti 124 Botswana 50 Honduras 126 Brazil 52 India 128 Bulgaria 54 Indonesia 130 Burkina Faso 56 Iran, Islamic Republic of 132 v 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 0 9 Jamaica 134 Romania 206 Jordan 136 Russian Federation 208 Kazakhstan 138 Rwanda 210 Kenya 140 Samoa 212 Kyrgyz Republic 142 São Tomé and Principe 214 Lao People's Democratic Republic 144 Senegal 216 Latvia 146 Serbia 218 Lebanon 148 Seychelles 220 Lesotho 150 Sierra Leone 222 Liberia 152 Solomon Islands 224 Macedonia, FYR 154 Somalia 226 Madagascar 156 South Africa 228 Malawi 158 Sri Lanka 230 Malaysia 160 St. Kitts and Nevis 232 Maldives 162 St. Lucia 234 Mali 164 St. Vincent and the Grenadines 236 Mauritania 166 Sudan 238 Mauritius 168 Swaziland 240 Mexico 170 Tajikistan 242 Moldova 172 Tanzania 244 Mongolia 174 Thailand 246 Montenegro 176 Togo 248 Morocco 178 Tonga 250 Mozambique 180 Tunisia 252 Myanmar 182 Turkey 254 Nepal 184 Turkmenistan 256 Nicaragua 186 Uganda 258 Niger 188 Ukraine 260 Nigeria 190 Uruguay 262 Pakistan 192 Uzbekistan 264 Panama 194 Vanuatu 266 Papua New Guinea 196 Venezuela, República Bolivariana de 268 Paraguay 198 Vietnam 270 Peru 200 Yemen, Republic of 272 Philippines 202 Zambia 274 Poland 204 Zimbabwe 276 vi . Preface G lobal Development Finance 2009: Summary GDF. Text providing country notes, definitions, and and Country Tables is part of a two-volume source notes is linked to each table. The general cut- annual publication. Volume I: Review, off date for data is December 2008. Not all data Analysis, and Outlook contains analysis and com- breakdowns are presented in the printed GDF Book mentary on recent developments in international but the entire breakdown can be found in the data- finance for developing countries. Volume II: Sum- base. This database is also available online (GDF mary and Country Tables (GDF) contains statisti- Online) through the website of the World Bank. cal tables on the external debt of the 128 countries The database covers external debt stocks and flows, that report public and publicly guaranteed exter- major economic aggregates, and key debt ratios, as nal debt under the Debtor Reporting System well as average terms of new commitments, cur- (DRS). It also includes tables of key debt ratios for rency composition of long-term debt, debt restruc- individual reporting countries and the composi- turing, and scheduled debt service projections for all tion of external debt stocks for individual report- countries reporting through the DRS. ing countries and regional and income groups The economic aggregates presented in the tables along with some graphical presentations. It is the are prepared for the convenience of users. Although culmination of a year-long process that requires debt ratios can give useful information about devel- extensive cooperation from people and organiza- opments in a debt-servicing capacity, conclusions tions around the globe--national central banks, drawn from them will not be valid unless accompa- ministries of finance, major multilateral organiza- nied by careful economic evaluation. tions, and many departments of the World Bank. The macroeconomic data provided are from The Little Data Book on External Debt 2009 standard sources, but many of them are subject to provides a quick reference to the data from the considerable margins of error. The usual care must GDF. be taken in interpreting the ratios, particularly Global Development Finance 2009 on CD- for the most recent year or two, since figures are ROM contains a database of more than 200 time preliminary and subject to revision. series indicators, covering the years 1970 to 2007 in most cases, and to 2015 for "pipeline" data. It also Shaida Badiee contains the full contents of the print version of the Director, Development Data Group vii Acknowledgments T his volume was prepared by the Financial provided helpful input, especially the staff of the Data Team of the Development Data International Finance Team of the Development Group, led by Ibrahim Levent. The team Prospects Group (DECPG), the staff of the consists of Olga Akcadag, Nanasamudd Chhim, Economic Policy and Debt Department (PRMED), Nevin Fahmy, Shelley Fu, Akane Hanai, Bala and the country economists who reviewed the Bhaskar Naidu Kalimili, Nino Kostava, Gloria data. The work was carried out under the manage- Moreno, Yasue Sakuramoto, Makiko Sano, and ment of Shaida Badiee. Alagiriswamy Venkatesan. The team was assisted The production of this volume was managed by Awatif H. Abuzeid and Rosario Alipio. The by Richard Fix, with the assistance of Azita system support team was led by Abdolreza Amjadi and Beatriz Prieto Oramas. The CD-ROM Farivari; Soong Sup Lee provided the macroeco- and online database were prepared by Buyant nomic data, and K. M. Vijayalakshmi provided Erdene Khaltarkhuu and William Prince. Staff worker remittances and compensation of em- from External Affairs coordinated the publication ployee data. Many others inside the World Bank and dissemination of the book. ix . About the data Methodology year; cancellations and reschedulings of other liabil- T he World Bank is the sole repository for statis- ities into long-term public and publicly guaranteed tics on the external debt of developing coun- external debt also contribute to the differences. tries on a loan-by-loan basis. The Debtor Report- ing System (DRS), set up in 1951 to monitor these Exchange rates Data received by the World statistics, is maintained by the staff of the Finan- Bank from its members and major multilateral cial Data Team (FIN), part of the Development agencies are expressed in the currencies in which Data Group of Development Economics. the debts are repayable or in which the transac- tions took place. For aggregation, the Bank con- Methodology for aggregating data verts these amounts to U.S. dollars using the IMF The DRS data are used in combination with infor- par values or central rates, or the current market mation obtained from creditors through the debt rates where appropriate. Service payments, com- data collection systems of other agencies. The staff mitments, and disbursements (flows) are con- of the Financial Data Team calculates the external verted to U.S. dollars at the average rate for the indebtedness of developing countries. The data are year. Debt outstanding and disbursed at the end of also supplemented by market sources and esti- a given year (a stock) is converted at the rate in mates made by the World Bank staff. The current effect at the end of that year. Projected debt account balance data are taken from the Balance service, however, is converted to U.S. dollars at rates of Payments (BOP) database of the International in effect at end-December 2007. Debt repayable in Monetary Fund (IMF), which is the standard pre- multiple currencies, goods, or services, and debt sentation of the BOP yearbook and may produce with a provision for maintenance of value of the regional and other aggregates that are different currency of repayment are shown at book value. from those presented in GDF, volume I. Beginning with 1991, all ruble debt owed to the former Soviet Union is converted at a rate of Converting to a common currency Since debt US$1 0.6 ruble, except in cases where a bilateral data are normally reported to the World Bank in agreement specifying a different conversion rate is in the currency of repayment, they have to be con- place. This valuation method does not constitute an verted into a common currency (usually U.S. dol- endorsement by World Bank staff of the appropri- lars) to produce the tables. Because flow data are ateness or validity of this method or the exchange converted at annual average exchange rates and rate used. The appropriate valuation is a matter to be stock data at year-end exchange rates, year-to-year resolved bilaterally between the Russian Federation changes in debt outstanding and disbursed are and its debtor countries. sometimes not equal to net flows (disbursements less principal repayments); similarly, changes in Adjustments Year-to-year changes in debt out- debt outstanding (including undisbursed debt) standing and disbursed are sometimes not equal to differ from commitments less repayments. Dis- net flows; similarly, changes in debt outstanding, crepancies are particularly significant when including undisbursed, differ from commitments exchange rates have moved sharply during the less repayments. The reasons for these differences xi 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 0 9 are cancellations, adjustments caused by the use of not mandatory, compilers must rely on balance of different exchange rates, and the rescheduling of payments data and financial surveys. other liabilities into long-term public and publicly This edition includes data on private nonguar- guaranteed external debt. anteed external debt, either as reported or as esti- mated, for countries for which this type of external Public and publicly guaranteed external debt debt is known to be significant. For private All data related to public and publicly guaranteed nonguaranteed external debt that is not reported, external debt are provided on a loan-by-loan basis the standard estimation approach starts from a cal- by debtors, except for lending by some multilat- culation of the stock of debt outstanding, using data eral agencies, in which case data are taken from available from creditors. the creditors' records. These creditors include the Amortization is estimated by making an as- African Development Bank, the Asian Develop- sumption regarding the proportion of external ment Bank, the Inter-American Development debt repaid each year and then applying these ratios Bank, and the International Bank for Reconstruc- to generate a first approximation of annual princi- tion and Development (IBRD) and the Interna- pal repayments. Disbursements are then estimated tional Development Association (IDA). (The IBRD as a residual between net flows (equal to the change and IDA are the institutions of the World Bank.) in the stock of external debt, adjusted by the effect Reports contain annual stocks and flows informa- of the currency composition of the public external tion as well as terms and conditions of individual debt) and estimated amortization. Interest payments loans contracted. are estimated by applying an assumed average inter- est rate to the stock of external debt outstanding. Starting with the 1988­89 edition of World Data on the balance of payments flows pro- Debt Tables (the previous title of this book), all vide useful guidelines for building a time series, be- data pertaining to World Bank loans from 1985 cause private nonguaranteed external debt can be onward are recorded at their current market value. treated as a residual between net long-term exter- Starting with the 1991­92 edition, all data per- nal borrowing and net long-term borrowing taining to Asian Development Bank loans from recorded in the DRS for public and publicly guar- 1989 onward are recorded at their current market anteed external debt. value. Starting with the 1998 edition, all data per- taining to African Development Bank and African Short-term external debt The World Bank re- Development Fund loans from 1997 onward are gards the individual reporting country as the au- recorded at their current market value as well. thoritative source of information on its own exter- nal liabilities. But for short-term external debt, Private nonguaranteed external debt The DRS defined as external debt with an original maturity was expanded in 1970 to incorporate long-term of one year or less, accurate information is not private nonguaranteed external debt. Reports, widely available from debtors. By its nature, short- submitted annually, contain aggregate data for dis- term external debt is difficult to monitor; loan-by- bursed and outstanding debt, disbursements, prin- loan registration is normally impractical, and most cipal repayments, interest payments, principal and reporting arrangements involve periodic returns to interest rescheduled for the reporting year, and a country's central bank from its banking sector. projected payments of principal and interest. Data Since 1982 the quality of such reporting has im- are usually presented in dollars, and currency con- proved, but only a few developing countries have version is not necessary. figures available for short-term external debt. Although the reporting countries fully recog- Where information from debtors is not avail- nize the importance of collecting data on private able, data from creditors can indicate the magni- nonguaranteed external debt when it constitutes a tude of a country's short-term external debt. The significant portion of external debt, detailed data most important source is the BIS quarterly series are available only in countries that have registration showing the maturity distribution of commercial requirements covering private external debt, most banks' claims on developing countries. Those data commonly in connection with exchange controls. are reported residually. However, an estimate of Where formal registration of foreign borrowing is short-term external liabilities by original maturity xii A B O U T T H E D A T A can be calculated by deducting from claims due interest in arrears on the use of IMF credit are in one year those that, 12 months earlier, had a included and identified in the amount of short-term maturity of between one and two years. external debt outstanding. If and when interest in There are several problems with this method. arrears is capitalized under a debt reorganization Valuation adjustments caused by exchange rate agreement, the amount of interest capitalized will movements will affect the calculations, as will pre- be added to the amount of long-term external debt payment and refinancing of long-term maturities outstanding and the corresponding deduction falling due. Moreover, not all countries' commercial made from the amount of short-term external debt banks report in a way that allows the full maturity outstanding. distribution to be determined; and the BIS data include liabilities only to banks within the reporting Treatment of external debt restructurings The area. Even on this basis, however, the results need DRS attempts to capture accurately the effects of to be interpreted with caution. Where short-term the different kinds of restructurings on both exter- external debt has been rescheduled, the effect of nal debt stocks and external debt flows, consistent lags in reporting and differences in the treatment with the circumstances under which the restructur- of the rescheduled external debt by debtors and cred- ing takes place. itors may result in double counting if short-term In compiling and presenting the external debt external debt derived from creditor sources is added data, a distinction is made between cash flows and to long-term external debt reported by the country to imputed flows. Based on this criterion, rescheduled obtain external liabilities. service payments and the shift in liabilities from one Some of the short-term external debt esti- financial instrument to another as a result of mates published are drawn from debtor and credi- rescheduling are considered to be imputed flows. tor sources, but most are from creditor sources. The imputed flows are recorded separately in Only for a few countries can the data be regarded the World Bank External Debt (WBXD) system, as authoritative, but they offer a guide to the size but these external debt restructuring transactions of a country's short-term (and, hence, its total) ex- are not evident in the main body of the external ternal debt. Interest in arrears on long-term exter- debt data--only the resulting effect of these trans- nal debt and interest in arrears on the use of IMF actions is reflected. credit are added to the short-term external debt. Changes in creditor and debtor status that can result from external debt restructuring are also re- Use of IMF credit Data related to the operations flected. For example, when insured commercial of the IMF come from the IMF Treasurer's Depart- credits are rescheduled, the creditor classification ment and are converted from special drawing shifts from private sources to official sources (bi- rights (SDRs) into dollars using end-of-period lateral). This reflects the assumption of the assets exchange rates for stocks and average over the by the official credit insurance agencies of the period exchange rates for converting flows, as creditor countries. The external debts to the origi- described earlier. IMF trust fund (TF) and opera- nal creditors are reduced by the amounts resched- tions under the enhanced structural adjustment uled, and a new obligation to the official creditor (ESAF renamed in 1999), poverty reduction and agencies is created. This shift also applies to pri- growth facility (PRGF), and structural adjustment vate nonguaranteed external debt that is reduced facility (SAF) are presented together with all of the by the amounts rescheduled, which in turn are in- Fund's special facilities (buffer stock, extended cluded in the public and publicly guaranteed exter- fund (EFF), supplemental reserve (SRF), compen- nal debt owed to official creditors. On the debtor satory and contingency, oil facilities, and other side, when a government accepts responsibility for facilities). the payment of rescheduled external debt previ- ously owed by private enterprises, the DRS regis- Treatment of arrears The DRS collects informa- ters a change in debtor categories in the DRS. Sim- tion on arrears in both principal and interest. Prin- ilarly, when short-term external debt is included in cipal in arrears is included and identified in the a restructuring agreement, the rescheduled amount amount of long-term external debt outstanding. is shifted from short-term to long-term external Interest in arrears on long-term external debt and debt. xiii 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 0 9 Methodology for projecting data disbursement information for each loan. Although The WBXD system of the DRS projects future dis- these standard profiles are reestimated from time bursements of unutilized commitments and future to time, under the best scenario they can only debt service payments. approximate the disbursement pattern of any single loan. Future disbursements Projections of disburse- ments help underpin future capital requirements in Future external debt service payments Most pro- the implementation of externally financed pro- jections of future external debt service payments jects. In addition, they help determine the interest generated by the WBXD system are based on the portion of projected external debt service. Future repayment terms of the loans. Principal repayments interest payments are based on projected external (amortization) are based on the amount of loan debt outstanding, which is itself determined by commitments, and the amortization profile of most projected disbursements and repayments. The un- loans follows a set pattern. Using the first and final derlying assumptions of these projections are that payment dates and the frequency of the payments, loan commitments will be fully utilized and that the system calculates the stream of principal pay- the debtor country will repay all sums due. Future ments due. If future payments are irregular, the disbursements and external debt service refer only WBXD system requires a schedule. to existing external debt and do not reflect any Projected future interest payments are calcu- assumptions on future borrowing. lated similarly. Interest is based on the amount of external debt disbursed and outstanding at the Disbursement projections use two methods: beginning of the period. Again, using the first and final interest payment dates and the frequency of · Specific schedules: Debtor countries are payments, the system calculates the stream of requested to submit a calendar of future disburse- interest payments due. If interest payments are ments, if available, at the time individual loans are irregular, the WBXD system requires a schedule. first reported. Country authorities are in a better The published figures for projected external position to provide estimated disbursement sched- debt service obligations are converted into U.S. dol- ules when there is a solid public sector investment lars using the end-December 2007 exchange rates. program in place. Likewise, the projection routine for variable interest · Standard schedules: In the absence of specific rate debt, such as commercial bank debt based on schedules, the WBXD system projects disburse- the London Interbank Offer Rate (LIBOR), assumes ments by applying a set of profiles to the last that the rate prevailing at the end of December 2007 actual undisbursed balance of individual loans. will be effective throughout. The profiles are derived under the assumption that specific sources of funds have some common characteristics that cause them to disburse, in the Metadata S aggregate, in some observable pattern. Accord- ummary Table 1 provides key debt ratios for in- ingly, some thirty profiles have been derived that dividual reporting countries. Summary Table 2 roughly correspond to creditor type. Profiles exist presents the composition of external debt stocks for concessional and nonconcessional loans from for individual reporting countries and regional and official creditors. For bilateral lending, profiles income groups. For the 128 individual countries have been developed for the Development Assis- that report to the World Bank's DRS, country ta- tance Committee (DAC), the Organization of bles are presented in a two-page layout containing Petroleum Exporting Countries (OPEC), and other 10 sections. The format of the regional and in- creditor groupings. For multilateral lending, spe- come group tables draws on the individual coun- cific profiles are available for major international try table format and includes graphical presenta- organizations. An estimating equation for each tions. As in the past, the database feeding the print profile is derived by applying regression analysis edition continues to maintain all the derived indi- techniques to a body of data that contains actual cator information. xiv A B O U T T H E D A T A For all summary, regional, income, and indi- · Private nonguaranteed external debt, which is vidual country tables, data definitions are pre- an external obligation of a private debtor that is sented on the following pages or footnoted where not guaranteed for repayment by a public entity. appropriate. Use of IMF credit denotes members' drawings 1. Summary external debt data summarizes the on the IMF other than those drawn against the stocks and flows of the major components of the country's reserve tranche position. Use of IMF external debt of the country. Not all data break- credit includes purchases and drawings under downs are presented in the printed GDF book, but Stand-By, Extended, Structural Adjustment, En- the entire breakdown can be found in the CD-ROM hanced Structural Adjustment, and Systemic Trans- and in the online database. formation Facility Arrangements, together with Trust Fund loans. External Debt Stocks consist of public and pub- · IMF purchases are total drawings on the gen- licly guaranteed long-term external debt, private eral resources account of the IMF during the year nonguaranteed long-term external debt, the use of specified, excluding drawings in the reserve tranche. IMF credit, and short-term external debt. The re- · IMF repurchases are total repayments of out- lation between external debt stock and its compo- standing drawings from the general resources nents is illustrated on page xxiv. account during the year specified, excluding repay- Interest in arrears on long-term external debt ments due in the reserve tranche. is added to the short-term external debt and is shown as a separate line. Interest in arrears on the Short-term external debt is defined as external use of IMF credit is also added to the short-term debt that has an original maturity of one year or external debt. Principal in arrears on long-term ex- less. Available data permit no distinction between ternal debt is shown as a memorandum item. Ar- public and private nonguaranteed short-term rears of principal and of interest are disaggregated external debt. to show the arrears owed to official creditors and Interest in arrears on long-term external debt the arrears owed to private creditors (CD-ROM is interest payment due but not paid, shown on a and online database only). Long-term public sec- cumulative basis. Interest arrears are regarded as tor external debt, long-term private sector external short-term external debt. Thus an increase in in- debt, and public and publicly guaranteed commit- terest arrears will not be recorded as an increase in ments are presented as memorandum items. long-term external debt outstanding and dis- Long-term external debt is defined as debt bursed. On the other hand, a clearing of interest that has an original or extended maturity of more arrears as payments of interest arrears will be than one year and that is owed to nonresidents by allocated to the relevant flows, being long-term or residents of an economy and repayable in foreign short-term external debt, depending on the flow currency, goods, or services. toward which the interest payments took place. It will be recorded as (1) a reduction of short-term Long-term external debt has three components: external debt; (2) a net change in interest arrears (CD-ROM and online database only). Similarly, · Public external debt, which is an external the reduction of interest arrears through interest obligation of a public debtor, including the na- arrears restructured and interest arrears forgiven tional government, a political subdivision (or an will also be recorded as a reduction of short-term agency of either), and autonomous public bodies. external debt and as a net change in interest arrears · Publicly guaranteed external debt, which is an (CD-ROM and online database only). In addition, external obligation of a private debtor that is guar- interest arrears restructuring and interest restruc- anteed for repayment by a public entity. turing will be recorded as interest capitalization (CD-ROM and online database only). Public external debt and publicly guaranteed Principal in arrears on long-term external external debt are shown as a single line in the debt is defined as principal repayment due but not tables. paid, on a cumulative basis. xv 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 0 9 Long-term public sector external debt and residency), the investor's purpose being an effec- long-term private sector external debt convey tive voice in the management of the enterprise. It is information about the distribution of long-term the sum of equity capital, reinvestment of earn- external debt for DRS countries by type of debtor ings, other long-term capital, and short-term (central government, state and local government, capital as shown in the balance of payments. FDI central bank, public and mixed enterprises, official includes intercompany debt. development banks, private banks, and private Portfolio equity flows are the sum of coun- entities). try funds, depository receipts (American or global), and direct purchases of shares by foreign External Debt Flows are consolidated data on dis- investors. bursements, principal repayments, interest pay- Profit remittances on foreign direct invest- ments for long-term external debt, transactions ment covers payments of direct investment income with the IMF, and short-term external debt. (debit side), which consist of income on equity Disbursements are drawings on loan commit- (dividends, branch profits, and reinvested earn- ments during the year specified. ings) and income on the intercompany debt Principal repayments are the amounts of prin- (interest). cipal (amortization) paid in foreign currency, Grants are defined as legally binding commit- goods, or services in the year specified. ments that obligate a specific value of funds available Net flows on external debt are disbursements for disbursement for which there is no repayment on long-term external debt and IMF purchases requirement. minus principal repayments on long-term external Debt forgiveness grants are both debts can- debt and IMF repurchases up to 1984. Beginning celled by agreement between debtor and creditor in 1985 this line includes the change in stock of and reductions in the net present value of non- short-term debt (excluding interest arrears for long- official development assistance debt from conces- term external debt). Thus if the change in stock is sional rescheduling or refinancing. Data are on a positive, a disbursement is assumed to have taken disbursement basis and cover flows from all bilat- place; if negative, a repayment is assumed to have eral and multilateral donors. taken place. International Development Association (IDA) Interest payments are the amounts of interest grants are net disbursements of grants from IDA. paid in foreign currency, goods, or services in the The memorandum item technical cooperation year specified. grants includes (1) free-standing technical cooper- Net transfers on external debt are net flows ation grants, which are intended to finance the minus interest payments (or disbursements minus transfer of technical and managerial skills or of external debt service payments) (CD-ROM and technology for the purpose of building up general online database only). national capacity without reference to any specific External debt service paid is debt service investment projects; and (2) investment-related payments on long-term external debt (public and technical cooperation grants, which are provided publicly guaranteed and private nonguaranteed), to strengthen the capacity to execute specific use of IMF credit, and interest on short-term investment projects. external debt (breakdown in CD-ROM and online database only). 3. Currency composition of public and publicly guaranteed external debt provides information on 2. Other non-debt resource flows include net the currency composition of loans outstanding and resource flows as well as non-debt flows from vari- disbursed based on repayment currency of individ- ous international organizations. ual loans. For major multilateral creditors, cur- Foreign direct investment (FDI) is defined as rency composition is based on reporting currency, investment that is made to acquire a lasting man- which is mostly U.S. dollars and unit of account. agement interest (usually 10 percent of voting The major currencies in which the external debt of stock) in an enterprise operating in a country other low- and middle-income countries is contracted are than that of the investor (defined according to separately identified, as is debt denominated in xvi A B O U T T H E D A T A special drawing rights and debt repayable in 5. Major economic aggregates provide data series multiple currencies (CD-ROM and online data- for major economic aggregates. The six economic base only). aggregates for the reporting economies are Beginning in 2001, debt denominated in the prepared for the convenience of users; the usual currencies of the members in the euro area is caution should be exercised in using them for included under the euro. economic analysis. Gross national income, or GNI, is the sum of 4. Average terms of new commitments provides value added by all resident producers plus any information on the average terms of new commit- product taxes (less subsidies) not included in the ments on public and publicly guaranteed external valuation of output plus net receipts of primary debt and information on the level of commitments income (compensation of employees and property from official and private sources. To obtain aver- income) from abroad. Yearly average exchange ages, the interest rates, maturities, and grace rates are used to convert GNI from local currency periods in each category have been weighted by into U.S. dollars. the amounts of the loans. Exports of goods, services, and income are the Maturity is the number of years to original total value of goods and services exported, receipts maturity date, which is the sum of grace and of compensation of employees, and investment repayment periods. income. Workers' remittances, a transfer and not Grace period for principal is the period from an income entry in the balance of payments, are the date of signature of the loan or the issue of the treated as compensation of employees in Global financial instrument to the first repayment of prin- Development Finance because they are often diffi- cipal. The repayment period is the period from the cult to distinguish from compensation of nonresi- first to last repayment of principal. dent workers and migrants. The grant element of a loan is the grant equiv- Workers' remittances and compensation of alent expressed as a percentage of the amount employees comprise current transfers by migrant committed. It is used as a measure of the overall workers, and wages and salaries earned by nonres- cost of borrowing. Loans with an original grant ident workers. In addition, migrants' transfers, a element of 25 percent or more are defined as con- part of capital transfers, are treated as workers' cessional. The average grant element has been remittances in Global Development Finance. weighted by the amounts of the loans (CD-ROM Imports of goods and services are the total and online database only). Commitments cover value of goods and services imported and income the total amount of loans for which contracts were paid. signed in the year specified; data for private International reserves are the sum of a coun- nonguaranteed external debt are not available. try's monetary authority's holdings of special draw- The grant equivalent of a loan is the nomi- ing rights (SDRs), its reserve position in the IMF, its nal value of all contractual future debt service holdings of foreign exchange, and its holdings of less the discounted present value of its contrac- gold (valued at year-end London prices). tual debt service. The calculation of the present Current account balance is the sum of the value of each commitment is made in accordance credits less the debits arising from international with the stand methodology of the DAC of the transactions in goods, services, income, and cur- Organisation for Economic Co-operation and rent transfers. It represents the transactions that Development using a 10 percent discount rate for add to or subtract from an economy's stock of all currencies. foreign financial items. Present value of debt outstanding is the nomi- nal value of all future debt service obligations on 6. Debt ratios The macroeconomic aggregates and existing debt discounted at prevailing market rates external debt data provided in the tables are used to of interest. The interest rates used in this calcula- generate ratios that analysts use to assess the exter- tion are the Commercial Interest Reference Rates nal situations of developing countries. Different an- (CIIR) for each relevant currency compiled and alysts give different weights to these indicators, but published by the OECD. no single indicator or set of indicators can substitute xvii 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 0 9 for a thorough analysis of the overall situation of an Debt outstanding and disbursed is the out- economy. The advantage of the indicators in Global standing debt at year end. Development Finance is that they are calculated Disbursements are drawings on loan commit- from standardized data series that are compiled on ments by the borrower during the year. a consistent basis by the World Bank and the IMF. Principal repayments are amounts paid by the The ratios offer various measures of the cost of, or borrower during the year. capacity for, servicing debt in terms of the foreign Net flows received by the borrower during the exchange or output forgone. The following ratios year are disbursements minus principal repay- are provided based on external debt: ments (CD-ROM and online database only). External debt stocks to exports (%): external Interest payments are amounts paid by the debt to exports of goods and services (including borrower during the year. workers' remittances). Net transfers are net flows minus interest pay- External debt stocks to GNI (%): external ments during the year; negative transfers show net debt to gross national income. transfers made by the borrower to the creditor External debt service to exports (%): also during the year (CD-ROM and online database called the external debt service ratio; external debt only). service to exports of goods and services (including Debt service is the sum of principal repay- workers' remittances). ments and interest payments actually made (CD- Short-term to external debt stocks (%): short- ROM and online database only). Undisbursed debt is debt undrawn at year end; term external debt to external debt. data for private nonguaranteed external debt are not Multilateral to external debt stocks (%): mul- available (CD-ROM and online database only). tilateral external debt to external debt. Data are aggregated by type of creditor: Reserves to external debt stocks (%): interna- Official creditors include multilateral and bilateral tional reserves to external debt. lenders. Reserves to imports (months): international re- serves in months of imports of goods and services · Loans from multilateral organizations are (reserves/(imports/12)). This ratio shows reserves loans and credits from the World Bank, regional expressed in terms of the number of months of development banks, and other multilateral and imports of goods and services they could pay for. intergovernmental agencies. Excluded are loans Concessional debt to external debt (CD-ROM from funds administered by an international orga- and online database only). nization on behalf of a single donor government; Interest payments to exports (%): also called the these are classified as loans from governments. interest service ratio, interest payments to exports of · Bilateral loans are loans from governments goods and services (including workers' remittances) and their agencies (including central banks), loans (CD-ROM and online database only). from autonomous bodies, and direct loans from Interest payments to GNI (%): interest pay- official export credit agencies. ments to gross national income (CD-ROM and online database only). Private creditors include bondholders, commercial banks, and other private creditors. Other private 7. Long-term external debt provides detailed infor- creditors comprise trade-related lending. mation on stocks and flows of long-term external debt and its various components. Data on bonds · Bonds include publicly issued or privately issued by private entities without public guarantee, placed bonds. compiled for major borrowers, are included in pri- · Commercial banks are loans from private vate nonguaranteed external debt. IBRD loans and banks and other private financial institutions. IDA credits are shown separately. · Other private includes credits from manufac- Data on long-term external debt include eight turers, exporters, and other suppliers of goods, main elements, not all of which have been pro- and bank credits covered by a guarantee of an vided in the print edition of the GDF: export credit agency. xviii A B O U T T H E D A T A Concessional long-term external debt out- debt, IMF repurchases, and changes in the stock of standing and disbursed conveys information the short-term debt. about the borrower's receipt of aid from official Cross-currency valuation effect arises from lenders at concessional terms as defined by the movements in the value of the U.S. dollar against DAC, that is, loans with an original grant ele- other world currencies, as well as debt forgiveness ment of 25 percent or more (CD-ROM and on- or reduction, and affect the value of developing line database only). Loans from major regional country debt. Countries contract debt in various development banks--African Development currencies. The external debt data that countries Bank, Asian Development Bank, and the Inter- report to the DRS is expressed in the currencies in American Development Bank--and from the which the original debt was contracted or in cur- World Bank are classified as concessional, ac- rencies in which it is repayable. For purposes of cording to each institution's classification and standardization and aggregation, the DRS con- not according to the DAC definition, as was the verts these amounts into dollar values. The ex- practice in earlier reports. change rates used are generally the par values or Variable interest rate long-term external debt central rates specified by the IMF or market rates outstanding and disbursed is long-term external when necessary. Exchange rates in effect at the end debt with interest rates that float with movements of any given year are used to convert the stock of in a key market rate such as the London interbank debt outstanding for that year in various curren- offer rate (LIBOR) or the U.S. prime rate. This cies into the nominal dollar value. item conveys information about the borrower's ex- Net change in interest arrears is the variation posure to changes in international interest rates in the total amount of interest in arrears between (CD-ROM and online database only). two consecutive years (CD-ROM and online data- base only). 8. Debt stock-flow reconciliation reconciles the Interest capitalized is the interest that became stock and flow data on external debt for each part of the stock of debt due to a rescheduling year, beginning with 1989. This section is operation (CD-ROM and online database only). designed to illustrate the changes in stock that Debt forgiveness or reduction is the debt have taken place due to five factors: the net flow stock, principal, and/or interest that will not be on external debt, the net change in interest ar- paid (CD-ROM and online database only). rears, the capitalization of interest, the reduction Residual is the change in the external debt in debt resulting from debt forgiveness or other stock that is not justified by the operations listed debt reduction mechanisms, and the cross- above (CD-ROM and online database only). currency valuation effects. The residual differ- ence, the change in stock not explained by any of 9. Debt restructurings provide information on the factors identified above, is also presented. The restructurings of long-term external debt starting residual is calculated as the sum of identified in 1985. accounts minus the change in stock. Where the Debt restructurings include restructurings in residual is large it can, in some cases, serve as an the context of the Paris Club, commercial banks, illustration of the inconsistencies in the reported debt-equity swaps, buybacks, and bond exchanges. data. More often, however, it can be explained by In the event of a swap of long-term external debt specific borrowing phenomena in individual (external debt-to-equity, external debt-for-nature, countries. These are explained in the Country or external debt-for-development), the face value of Notes section. Not all components are provided the external debt swapped will be recorded as a in the GDF print edition. decline in the long-term external debt stock, Total change in external debt stocks is the but the operation will not be recorded as a princi- variation in the external debt stock between two pal repayment. For example, if a country swaps consecutive years. external debt of face value D against equity, then Net flows on external debt are disbursements long-term external debt will decline by D, and a on long-term external debt and IMF purchases principal repayment will not be reported. Debt minus principal repayments on long-term external restructuring data capture the non-cash or inferred xix 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 0 9 flows associated with rescheduling and restructur- Debt buyback is the repurchase by a debtor of ing. These are presented to complement the cash- its own debt, discounted or at par. In the event of a basis transactions recorded in the main body of the buyback of long-term debt, the face value of the data, which show both the stock and flows debt bought back will be recorded as a decline in rescheduled each year. In addition, the amount of the long-term debt stock, and the cash amount external debt forgiven (interest forgiven is shown received by creditors will be recorded as a principal as a memorandum item) and the amount of exter- repayment. For example, if a country buys back nal debt stock reduction (including debt buyback) long-term external debt of face value B at a price p, are also shown separately. then long-term external debt will decline by B, and Total amount rescheduled is the total amount principal repayment will go up by p*B. The differ- of external debt rescheduled, which includes the ence between the secondary market price at which external debt stock, principal, interest, charges, the debt was bought back and the face value is and penalties rescheduled. recorded as a debt stock write-off (CD-ROM and External debt stock rescheduled is the amount online database only). Both debt buyback and debt of external debt outstanding rescheduled in any stock write-offs are included in the debt stock given year (CD-ROM and online database only). reduction. Principal rescheduled is the amount of princi- pal due or in arrears that was rescheduled in any 10. Contractual obligations on outstanding long- given year (CD-ROM and online database only). term external debt provides anticipated disburse- Interest rescheduled is the amount of interest ments and contractual obligations on long-term due or in arrears that was rescheduled in any given external debt contracted up to December 2007. year (CD-ROM and online database only). Projected debt service payments are estimates Total amount forgiven is the amount of prin- of payments due on existing debt outstanding, in- cipal due or in arrears that was written off or for- cluding undisbursed. They do not include service given in any given year. It includes debt forgiven payments that may become due as a result of new within and outside Paris Club agreements, princi- loans contracted in subsequent years. Nor do they pal forgiven and principal arrears forgiven, and allow for effects on service payments of changes in excludes interest forgiven. Interest arrears forgiven repayment patterns owing to prepayment of loans and future interest obligations forgiven are recorded or to rescheduling or refinancing, including repay- as a memo item under interest forgiven. ment of outstanding arrears that occurred after the Interest forgiven is the amount of interest due last year of reported data. or in arrears that was written off or forgiven in Projected disbursements are estimates of any given year (CD-ROM and online database drawings of unutilized balances (CD-ROM and only). online database only). The projections do not take Debt stock reduction is the amount that has into account future borrowing by the debtor coun- been netted out of the stock of debt using debt try. (See the Methodology section for a detailed conversion schemes such as buybacks and equity explanation of how undisbursed balances are swaps or the discounted value of long-term bonds projected.) that were issued in exchange for outstanding debt. It includes the effect of any financial operation that will reduce the debt stock other than debt Country notes C stock restructuring, repayment of principal, and ountry notes at the end of each country table debt forgiven (which is recorded separately). In summarize major events that have taken place particular, "debt stock reduction" will include the in the country in recent years; describe the sources face value of debt bought back, the face value of of information for short-term and private debt swapped for equity (or "nature" or "develop- nonguaranteed external debt; and highlight main ment"), any face value reduction that might result issues on data collection process. Unless otherwise as the consequence of a bond exchange, and any specified in the country table, data on long-term face value reduction resulting from an exchange of public and publicly guaranteed external debt for debt for discount bonds (CD-ROM and online 2007 are based on reports provided by the coun- database only). try, and short-term external debt data are World xx A B O U T T H E D A T A Bank staff estimates, based on BIS data on interna- IMF's Balance of Payments Manual, which made tional bank lending. several adjustments to its presentation of trade statistics. Coverage of goods was expanded to include in imports the value of goods received for processing and repair (on a gross basis). Sources Their subsequent re-export is recorded in ex- T he principal sources of information for the ports (also on a gross basis). This approach will tables in this volume are reports to the World cause a country's imports and exports to in- Bank through the DRS from member countries crease without affecting the balance of goods. that have received either IBRD loans or IDA cred- In addition, all capital transfers, which were in- its. Additional information has been drawn from cluded with current transfers in the fourth edi- the files of the African Development Bank, the tion of the Balance of Payments Manual, are Asian Development Bank, the Central Bank for now shown in a separate capital (as opposed to Economic Integration, the Inter-American Devel- financial) account, and so do not contribute to opment Bank, the IBRD and the IDA, and the the current account balance. IMF. (IBRD and IDA are the institutions of the GNI data for most developing countries are World Bank) collected from national statistical organizations Reporting countries submit detailed (loan-by- and central banks by visiting and resident World loan) reports through the DRS on the annual status, Bank missions. Data on GNI are from the Macro- transactions, and terms of the long-term external economic Data Team of the Development Eco- debt of public agencies and that of private ones nomics Development Data Group of the World guaranteed by a public agency in the debtor coun- Bank. try. This information forms the basis for the tables Every effort has been made to ensure the ac- in this volume. curacy and completeness of the external debt The short-term external debt data are as re- statistics. Nevertheless, quality and coverage ported by the debtor countries or are estimates. The vary among debtors and may also vary for the most important source is the BIS quarterly series same debtor from year to year. Coverage has showing the maturity distribution of commercial been improved through the efforts of the report- banks' claims on developing countries. For some ing agencies and the work of the World Bank countries, estimates were prepared by pooling cred- missions, which visit member countries to gather itor and debtor information. data and to provide technical assistance on debt Data on long-term external debt reported by issues. member countries are checked against, and supple- mented by, data from several other sources. Among these are the statements and reports of several Symbols T regional development banks, government lending he following symbols have been used agencies, and official government Web sites. throughout: Data on exports and imports (on a balance of payments basis), international reserves, and 0.0 indicates that data exist, but are negligible or current account balances are drawn mainly from a true zero. the files of the IMF, supplemented by World .. indicates that data are not available. Bank staff estimates. Balance of payments data $ indicates current U.S. dollars unless other- are presented according to the fifth edition of the wise specified. xxi Abbreviations The following abbreviations are used in the principal ratios and indicator tables: BIS Bank for International Settlements CRS Creditor Reporting System (of the OECD) DAC Development Assistance Committee (of the OECD) DDSR Debt and debt service reduction DRS Debtor Reporting System (of the World Bank) FDI Foreign direct investment GNI Gross national income IBRD International Bank for Reconstruction and Development/World Bank IDA International Development Association (of the World Bank) IMF International Monetary Fund LIBOR London interbank offer rate MYRA Multiyear rescheduling agreement ODA Official development assistance OECD Organisation for Economic Co-operation and Development OPEC Organization of the Petroleum Exporting Countries SDR Special drawing right (of the IMF) WBXD World Bank External Debt System xxiii 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 0 9 External debt stock and its components Total external debt (EDT) Short-term Long-term debt Use of IMF debt (LDOD) credits by debtor Private Public and publicly nonguaranteed debt guaranteed debt by creditor Official Private creditors creditors Commercial Multilateral Bilateral Bonds Other banks xxiv Country groups Regional groups East Asia and Pacific Russian Federation (P) Middle East and North Africa Côte d'Ivoire (A) Serbiaa/b(A) Eritrea (A) Cambodia (A) Tajikistan (P) Algeria (A) Ethiopia (A) China (P) Turkey (A) Djibouti (A) Gabon (P) Fiji (A) Turkmenistan (A) Egypt, Arab Rep. of (A) Gambia,The (E) Indonesia (A) Ukraine (P) Iran, Islamic Rep. of (A) Ghana (P) Lao PDR (P) Uzbekistan (E) Jordan (A) Guinea (E) Malaysia (P) Lebanon (A) Guinea-Bissau (P) Mongolia (E) Latin America and the Caribbean Morocco (A) Kenya (A) Myanmar (E) Tunisia (A) Lesotho (A) Papua New Guinea (A) Argentina (A) Yemen, Republic of (A) Liberia (E) Philippines (A) Belize (A) Madagascar (A) Samoa (A) Bolivia (A) South Asia Malawi (A) Solomon Islands (A) Brazil (A) Mali (A) Thailand (P) Chile (A) Afghanistan (P) Mauritania (A) Tonga (A) Colombia (A) Bangladesh (P) Mauritius (A) Vanuatu (A) Costa Rica (A) Bhutan (A) Mozambique (P) Vietnam (E) Dominica (A) India (A) Niger (P) Dominican Republic (A) Maldives (A) Nigeria (P) Europe and Central Asia Ecuador (A) Nepal (A) Rwanda (P) El Salvador (A) Pakistan (A) São Tomé and Principe (A) Albania (A) Grenada (A) Sri Lanka (A) Senegal (P) Armenia (A) Guatemala (A) Seychelles (A) Azerbaijan (A) Guyana (A) Sub-Saharan Africa Sierra Leone (P) Belarus (A) Haiti (P) Somalia (E) Bosnia and Herzegovinaa (A) Honduras (A) Angola (A) South Africa (P) Bulgaria (A) Jamaica (A) Benin (P) Sudan (A) Croatia (A) Mexico (A) Botswana (P) Swaziland (A) Georgia (A) Nicaragua (A) Burkina Faso (A) Tanzania (E) Kazakhstan (A) Panama (A) Burundi (A) Togo (A) Kyrgyz Republic (A) Paraguay (A) Cameroon (A) Uganda (A) Latvia (A) Peru (A) Cape Verde (A) Zambia (P) Macedonia, FYR (A) St. Kitts and Nevis (A) Central African Republic (P) Zimbabwe (A) Moldova (A) St. Lucia (A) Chad (A) Montenegro (A) St. Vincent and the Grenadines (A) Comoros (P) Poland (A) Uruguay (A) Congo, Dem. Rep. of (E) Romania (A) Venezuela, R.B. de (A) Congo, Rep. of (P) Note: Letters in parenthesis indicate DRS reporters' status: (A) as reported, (P) preliminary, and (E) estimated. The status "as reported" indicates that the country was fully current in its reporting under the DRS and that World Bank staff are satisfied that the reported data give an adequate and fair representation of the country's total public debt. "Preliminary" data are based on reported or collected information but, because of incompleteness or other reasons, include an element of staff estimation. "Estimated" data indicate that countries are not current in their reporting and that a significant element of staff estimation has been necessary in producing the data tables. a. For Bosnia and Herzegovina, total debt before 1999, excluding IBRD and IMF obligations and short-term debt, is included under Serbia. b. Data prior to 2006 include Montenegro. xxv 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 0 9 Income groups Low-income countries Niger Middle-income countries Jordan Nigeria Kazakhstan Afganistan Pakistan Albania Latvia Bangladesh Papua New Guinea Algeria Lebanon Benin Rwanda Angola Lesotho Burkina Faso São Tomé and Principe Argentina Macedonia, FYR Burundi Senegal Armenia Malaysia Cambodia Sierra Leone Azerbaijan Maldives Central African Republic Solomon Islands Belarus Mauritius Chad Somalia Belize Mexico Comoros Tajikistan Bhutan Moldova Congo, Dem. Rep. of Tanzania Bolivia Mongolia Côte d'Ivoire Togo Bosnia and Herzegovina Montenegro Eritrea Uganda Botswana Morocco Ethiopia Uzbekistan Brazil Nicaragua Gambia, The Vietnam Bulgaria Panama Ghana Yemen, Republic of Cameroon Paraguay Guinea Zambia Cape Verde Peru Guinea-Bissau Zimbabwe Chile Philippines Haiti China Poland Kenya Colombia Romania Kyrgyz Republic Congo, Rep. of Russian Federation Lao PDR Costa Rica Samoa Liberia Croatia Serbia Madagascar Djibouti Seychelles Malawi Dominica South Africa Mali Dominican Republic Sri Lanka Mauritania Ecuador St. Kitts and Nevis Mozambique Egypt, Arab Rep. of St. Lucia Myanmar El Salvador St. Vincent and the Grenadines Nepal Fiji Sudan Gabon Swaziland Georgia Thailand Grenada Tonga Guatemala Tunisia Guyana Turkey Honduras Turkmenistan India Ukraine Indonesia Uruguay Iran, Islamic Rep. of Vanuatu Jamaica Venezuela, R.B. de Note: Low-income economies are those with a GNI per capita of $935 or less in 2007. Middle-income economies are those with a GNI per capita of more than $935 but less than $11,456. Lower-middle-income and upper-middle-income countries are separated at a GNI per capita of $3,705. Although classified as lower middle income, Syrian Arab Republic is not included in this year's edition of Global Development Finance or The Little Data Book on External Debt because data were not reported for 2007. Regional and income aggregates thus do not include data for Syrian Arab Republic. When reporting resumes, data for Syrian Arab Republic will be published and included in regional aggregates in future editions of Global Development Finance and The Little Data Book on External Debt. xxvi Summary tables xxvii S U M M A R Y T A B L E S Table 1. Key Indebtedness Indicators 2005­2007 (US$ millions) Ratio of Ratio of Ratio of Total Present total external present value of Ratio of total present value external value of debt to exports of debt to exports of external debt of debt to Country debt 2007 debt 2007 GS (%) GS (%) to GNI (%) GNI (%) Afghanistan 2,041 1,425 114 80 25 18 Albania 2,776 2,117 77 61 28 22 Algeria 5,541 5,087 9 9 5 4 Angola 12,738 12,077 37 35 33 32 Argentina 127,758 135,691 206 219 60 63 Armenia 2,888 2,672 127 117 41 38 Azerbaijan 3,021 2,592 19 16 16 14 Bangladesh 22,033 15,142 121 84 33 22 Belarus 9,470 9,132 41 40 25 25 Belize 1,057 968 130 119 98 89 Benin 857 569 87 58 18 12 Bhutan 775 742 186 178 81 77 Bolivia 4,947 2,599 98 52 45 24 Bosnia and Herzegovina 6,479 5,602 91 80 48 42 Botswana 402 316 6 5 4 3 Brazil 237,472 261,702 141 155 23 25 Bulgaria 32,968 32,516 146 144 102 100 Burkina Faso 1,461 815 196 108 25 14 Burundi 1,456 838 1,531 882 169 97 Cambodia 3,761 3,222 73 63 53 46 Cameroon 3,162 886 67 19 17 5 Cape Verde 599 400 91 61 51 34 Central African Republic 973 720 438 325 64 48 Chad 1,797 998 50 28 34 19 Chile 58,649 57,202 87 85 46 45 China 373,635 363,630 33 32 14 13 Colombia 44,976 45,908 131 133 27 28 Comoros 291 186 246 157 71 45 Congo, Dem. Rep. 12,283 8,731 459 326 157 111 Congo, Rep. 5,156 5,113 88 88 94 93 Costa Rica 7,846 7,817 62 62 35 35 Cote d'Ivoire 13,938 11,445 150 123 82 67 Croatia 48,584 46,784 204 197 113 109 Djibouti 472 326 132 91 56 38 Dominica 290 254 174 154 101 90 Dominican Republic 10,342 10,157 71 70 34 33 Ecuador 17,525 19,493 104 115 45 50 Egypt, Arab Rep. 30,444 27,297 67 60 28 25 El Salvador 8,809 9,049 101 104 48 50 Eritrea 875 524 1,103 660 69 41 Ethiopia 2,634 1,208 103 47 17 8 Fiji 387 387 22 22 12 12 Gabon 5,746 6,405 89 99 65 73 Gambia, The 733 167 276 63 149 34 Georgia 2,292 1,658 71 52 27 20 Ghana 4,479 2,849 87 55 35 22 Grenada 525 614 250 294 116 136 Guatemala 6,260 6,361 53 54 21 21 Guinea 3,268 2,327 294 210 89 64 Guinea-Bissau 744 820 480 529 239 263 Guyana 734 422 74 43 84 49 Haiti 1,598 1,017 90 57 31 20 Honduras 3,260 2,173 38 26 31 21 India 220,956 194,337 93 82 23 20 Indonesia 140,783 147,835 114 120 41 43 Iran, Islamic Rep. 20,577 18,200 24 22 9 8 (table continues on next page) xxix 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 0 9 Table 1. Key Indebtedness Indicators 2005­2007 (continued) (US$ millions) Ratio of Ratio of Ratio of Total Present total external present value of Ratio of total present value external value of debt to exports of debt to exports of external debt of debt to Country debt 2007 debt 2007 GS (%) GS (%) to GNI (%) GNI (%) Jamaica 10,085 12,401 149 183 106 131 Jordan 8,368 7,965 72 69 57 54 Kazakhstan 96,133 94,263 222 218 133 131 Kenya 7,355 5,694 110 85 34 26 Kyrgyz Republic 2,401 1,275 123 65 81 43 Lao PDR 3,337 2,784 320 267 100 84 Latvia 39,342 39,262 374 373 193 192 Lebanon 24,634 25,218 113 115 108 111 Lesotho 680 429 56 35 36 23 Liberia 2,475 4,632 521 976 523 978 Macedonia, FYR 3,760 3,568 105 100 57 54 Madagascar 1,661 1,240 94 70 28 21 Malawi 870 297 109 37 28 9 Malaysia 53,717 52,738 28 28 35 34 Maldives 562 468 78 65 65 54 Mali 2,018 926 112 51 35 16 Mauritania 1,704 2,103 121 150 69 85 Mauritius 4,253 4,220 94 94 65 65 Mexico 178,108 181,722 61 62 19 20 Moldova 3,203 2,878 110 98 80 72 Mongolia 1,596 1,140 73 52 52 37 Montenegro 1,174 1,154 74 73 41 41 Morocco 20,255 19,134 70 66 31 29 Mozambique 3,105 940 114 34 48 15 Myanmar 7,373 5,930 148 119 57 46 Nepal 3,645 2,001 127 70 39 22 Nicaragua 3,390 1,583 111 52 66 31 Niger 972 456 149 70 26 12 Nigeria 8,934 8,028 13 12 7 6 Pakistan 40,680 32,807 153 123 32 25 Panama 9,862 11,299 70 81 61 70 Papua New Guinea 2,245 2,102 50 47 45 42 Paraguay 3,570 3,464 62 60 36 35 Peru 32,154 35,864 112 125 37 42 Philippines 65,845 66,459 96 97 50 51 Poland 195,374 184,939 128 121 56 53 Romania 85,380 85,293 175 175 67 67 Russian Federation 370,172 381,401 102 105 37 39 Rwanda 496 241 141 69 17 8 Samoa 1,140 1,030 752 701 245 228 Sao Tome and Principe 169 23 802 110 135 19 Senegal 2,588 2,043 74 59 27 21 Serbia 26,280 26,637 195 198 84 86 Seychelles 1,308 1,348 151 162 180 193 Sierra Leone 348 143 90 37 25 10 Solomon Islands 178 141 86 68 53 42 Somalia 2,944 3,628 . . . . . . . . South Africa 43,380 48,323 52 58 17 19 Sri Lanka 14,020 11,638 126 105 50 42 St. Kitts and Nevis 274 259 102 96 61 58 St. Lucia 441 392 85 79 49 46 St. Vincent and the Grenadines 253 237 102 95 55 52 Sudan 19,126 31,071 237 382 57 93 Swaziland 393 390 17 17 14 14 Tajikistan 1,228 856 47 33 43 30 Tanzania 5,063 2,186 143 62 34 15 (table continues on next page) xxx S U M M A R Y T A B L E S Table 1. Key Indebtedness Indicators 2005­2007 (continued) (US$ millions) Ratio of Ratio of Ratio of Total Present total external present value of Ratio of total present value external value of debt to exports of debt to exports of external debt of debt to Country debt 2007 debt 2007 GS (%) GS (%) to GNI (%) GNI (%) Thailand 63,067 58,506 40 37 31 29 Togo 1,968 1,789 163 148 88 80 Tonga 91 64 69 49 38 27 Tunisia 20,231 19,672 109 106 67 65 Turkey 251,477 257,109 196 200 46 47 Turkmenistan 743 727 10 10 7 7 Uganda 1,611 925 65 37 16 9 Ukraine 73,600 73,134 132 131 67 66 Uruguay 12,363 13,181 184 196 64 69 Uzbekistan 3,876 3,605 54 51 22 20 Vanuatu 94 77 43 34 25 20 Venezuela, R.B. de 43,148 48,087 60 66 23 26 Vietnam 24,222 20,558 53 45 41 35 Yemen, Rep. 5,926 4,135 66 46 33 23 Zambia 2,789 629 71 16 32 7 Zimbabwe 5,293 6,228 277 326 103 121 Notes: GS goods and services; GNI gross national income; . . data not available. For definition 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 Countries (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 HIPC countries on debt owed to the three institutions. The Interamerican Development Bank (IaDB) provides similar debt stock cancellation under the IaDB 2007 Debt Initiative. MDRI debt relief provides 100 percent stock cancellation on debt disbursed before end-2004 (for the IMF, AfDF, and IaDB), 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 HIPC is included for countries in the interim period (between decision and completion point of the HIPC Initiative). xxxi 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 0 9 Table 2. Composition of Total External Debt Stocks (US$ millions) Public and Public and Public and Public and publicly publicly publicly publicly guaranteed, External Long-term guaranteed, guaranteed, guaranteed, commercial banks debt stocks external debt multilateral bilateral bonds and other Afghanistan 2,041 1,961 968 993 0 0 Albania 2,776 1,859 1,179 586 0 21 Algeria 5,541 4,823 137 2,043 0 1,576 Angola 12,738 10,474 416 3,767 0 6,291 Argentina 127,758 89,691 14,904 5,630 44,978 598 Armenia 2,888 2,271 1,031 240 0 1 Azerbaijan 3,021 1,891 947 648 0 153 Bangladesh 22,033 20,151 16,324 3,344 0 482 Belarus 9,470 3,463 52 2,023 0 262 Belize 1,057 1,051 235 106 24 671 Benin 857 852 509 342 0 0 Bhutan 775 775 224 551 0 0 Bolivia 4,947 4,771 1,698 434 0 18 Bosnia and Herzegovina 6,479 4,788 1,936 884 0 195 Botswana 402 380 255 118 0 7 Brazil 237,472 198,224 23,036 3,476 43,619 9,827 Bulgaria 32,968 18,931 2,688 675 1,792 87 Burkina Faso 1,461 1,268 994 249 0 26 Burundi 1,456 1,344 1,178 166 0 1 Cambodia 3,761 3,537 1,298 2,239 0 0 Cameroon 3,162 2,840 587 1,585 0 33 Cape Verde 599 559 451 94 0 15 Central African Republic 973 836 596 209 0 31 Chad 1,797 1,712 1,527 152 0 33 Chile 58,649 45,347 932 248 5,401 2,797 China 373,635 169,937 29,258 29,117 16,566 12,712 Colombia 44,976 39,627 11,273 717 12,354 3,345 Comoros 291 279 227 52 0 0 Congo, Dem. Rep. 12,283 10,853 4,061 6,439 0 353 Congo, Rep. 5,156 4,807 477 2,796 0 1,533 Costa Rica 7,846 4,884 1,131 349 1,928 342 Cote d'Ivoire 13,938 12,242 3,477 5,590 0 2,584 Croatia 48,584 43,485 2,974 950 5,857 4,430 Djibouti 472 440 353 83 0 4 Dominica 290 215 116 38 37 24 Dominican Republic 10,342 7,391 1,872 1,798 1,394 1,482 Ecuador 17,525 15,631 4,562 1,751 3,860 274 Egypt, Arab Rep. 30,444 28,993 5,281 19,629 1,556 474 El Salvador 8,809 7,820 2,508 666 2,238 33 Eritrea 875 856 613 201 0 41 Ethiopia 2,634 2,544 1,363 908 0 272 Fiji 387 277 102 23 0 150 Gabon 5,746 5,177 439 3,408 1,000 330 Gambia, The 733 704 572 131 0 1 Georgia 2,292 1,784 1,015 526 0 2 Ghana 4,479 3,047 1,574 308 750 415 Grenada 525 468 150 78 239 1 Guatemala 6,260 4,292 2,897 362 955 0 Guinea 3,268 3,048 1,875 1,145 0 29 Guinea-Bissau 744 730 502 228 0 0 Guyana 734 583 366 209 0 9 Haiti 1,598 1,500 1,270 230 0 0 Honduras 3,260 2,566 1,271 634 0 38 India 220,956 177,294 38,137 22,355 5,355 8,573 Indonesia 140,783 105,840 18,611 38,720 6,370 5,008 Iran, Islamic Rep. 20,577 11,237 699 1,502 0 8,944 Jamaica 10,085 8,561 1,261 705 4,050 356 Jordan 8,368 7,318 1,986 4,920 186 225 xxxii S U M M A R Y T A B L E S Private non- Private non- guaranteed, guaranteed, commercial banks IBRD Use of IMF Short-term bonds and other (memo) IDA (memo) credit external debt 0 0 0 411 59 21 Afghanistan 0 72 6 803 90 827 Albania 0 1,068 113 0 0 717 Algeria 0 0 0 365 0 2,264 Angola 12,073 11,507 5,674 0 0 38,067 Argentina 0 999 5 965 158 459 Armenia 0 143 21 660 103 1,027 Azerbaijan 0 0 0 10,077 501 1,382 Bangladesh 19 1,106 42 0 0 6,007 Belarus 0 14 25 0 0 7 Belize 0 0 0 176 4 1 Benin 0 0 0 87 0 0 Bhutan 0 2,621 0 259 0 176 Bolivia 0 1,774 453 1,068 2 1,688 Bosnia and Herzegovina 0 0 0 6 0 22 Botswana 45,311 72,955 9,676 0 0 39,248 Brazil 855 12,833 1,604 0 0 14,036 Bulgaria 0 0 0 468 37 155 Burkina Faso 0 0 0 830 98 14 Burundi 0 0 0 535 0 224 Cambodia 0 636 40 198 17 305 Cameroon 0 0 0 267 13 26 Cape Verde 0 0 0 403 49 88 Central African Republic 0 0 26 968 56 29 Chad 6,385 29,584 354 2 0 13,302 Chile 6,018 76,266 11,762 10,151 0 203,698 China 809 11,129 4,756 2 0 5,349 Colombia 0 0 0 124 0 12 Comoros 0 0 0 2,402 808 621 Congo, Dem. Rep. 0 0 0 303 37 312 Congo, Rep. 0 1,134 45 1 0 2,962 Costa Rica 0 591 479 1,909 173 1,523 Cote d'Ivoire 764 28,509 1,101 0 0 5,099 Croatia 0 0 0 147 16 16 Djibouti 0 0 3 25 12 63 Dominica 844 1 472 9 548 2,404 Dominican Republic 0 5,184 684 13 0 1,894 Ecuador 750 1,303 1,181 1,490 0 1,451 Egypt, Arab Rep. 0 2,376 401 10 0 989 El Salvador 0 0 0 457 0 19 Eritrea 0 0 0 711 0 90 Ethiopia 0 3 3 0 0 110 Fiji 0 0 12 0 25 545 Gabon 0 0 0 219 6 22 Gambia, The 0 241 0 885 252 257 Georgia 0 0 0 1,104 167 1,265 Ghana 0 0 12 35 8 49 Grenada 50 28 740 0 0 1,968 Guatemala 0 0 0 1,305 65 155 Guinea 0 0 0 315 5 8 Guinea-Bissau 0 0 0 10 59 93 Guyana 0 0 0 518 56 42 Haiti 0 624 0 401 32 662 Honduras 15,132 87,744 6,965 26,467 0 43,662 India 10,366 26,766 6,821 1,550 0 34,943 Indonesia 0 91 699 0 0 9,340 Iran, Islamic Rep. 2,130 59 360 0 0 1,524 Jamaica 0 0 868 39 88 962 Jordan (table continues on next page) xxxiii 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 0 9 Table 2. Composition of Total External Debt Stocks (continued) (US$ millions) Public and Public and Public and Public and publicly publicly publicly publicly guaranteed, External Long-term guaranteed, guaranteed, guaranteed, commercial banks debt stocks external debt multilateral bilateral bonds and other Kazakhstan 96,133 84,388 711 973 0 13 Kenya 7,355 6,122 3,585 2,247 0 289 Kyrgyz Republic 2,401 2,175 1,277 619 0 0 Lao PDR 3,337 3,306 1,829 617 0 0 Latvia 39,342 22,667 551 32 1,214 12 Lebanon 24,634 20,319 866 829 17,707 388 Lesotho 680 645 588 39 0 18 Liberia 2,475 910 195 512 0 203 Macedonia, FYR 3,760 2,564 1,040 199 221 60 Madagascar 1,661 1,425 1,096 322 0 6 Malawi 870 807 439 357 0 11 Malaysia 53,717 38,467 471 3,904 11,806 2,259 Maldives 562 426 264 46 0 117 Mali 2,018 1,989 974 1,008 0 7 Mauritania 1,704 1,437 805 611 0 20 Mauritius 4,253 635 246 210 0 117 Mexico 178,108 169,102 9,116 1,895 37,092 57,275 Moldova 3,203 1,948 475 286 13 5 Mongolia 1,596 1,571 942 533 75 15 Montenegro 1,174 1,174 465 684 0 16 Morocco 20,255 18,344 7,894 5,208 589 1,980 Mozambique 3,105 2,533 1,387 1,137 0 9 Myanmar 7,373 5,516 1,290 3,508 0 718 Nepal 3,645 3,485 3,126 354 0 5 Nicaragua 3,390 2,505 1,136 980 0 27 Niger 972 882 667 196 0 0 Nigeria 8,934 3,990 3,144 354 0 316 Pakistan 40,680 37,070 19,860 13,223 2,650 184 Panama 9,862 9,328 1,228 183 6,810 46 Papua New Guinea 2,245 2,154 750 365 0 42 Paraguay 3,570 2,767 1,297 546 0 352 Peru 32,154 26,348 7,788 3,345 8,270 267 Philippines 65,845 58,761 7,215 12,352 16,724 1,603 Poland 195,374 135,009 1,870 4,317 37,011 400 Romania 85,380 54,874 6,738 599 2,650 5,251 Russian Federation 370,172 291,070 5,009 4,514 60,070 803 Rwanda 496 456 403 52 0 0 Samoa 1,140 226 216 10 0 0 Sao Tome and Principe 169 147 38 109 0 0 Senegal 2,588 2,229 1,402 622 0 5 Serbia 26,280 23,628 4,531 2,514 0 1,179 Seychelles 1,308 526 50 154 230 93 Sierra Leone 348 308 243 65 0 0 Solomon Islands 178 173 121 26 0 1 Somalia 2,944 1,979 808 1,132 0 38 South Africa 43,380 26,822 314 0 7,593 5,960 Sri Lanka 14,020 12,137 5,363 4,979 565 971 St. Kitts and Nevis 274 273 106 42 19 106 St. Lucia 441 267 164 28 0 76 St. Vincent and the Grenadines 253 199 106 28 0 66 Sudan 19,126 12,337 2,994 6,906 0 2,438 Swaziland 393 357 240 76 0 41 Tajikistan 1,228 1,105 667 398 0 0 Tanzania 5,063 3,688 2,163 1,396 0 125 Thailand 63,067 41,427 288 5,940 2,566 1,049 Togo 1,968 1,655 1,011 644 0 0 Tonga 91 90 78 11 0 0 Tunisia 20,231 16,579 6,255 3,317 3,899 3,108 xxxiv S U M M A R Y T A B L E S Private non- Private non- guaranteed, guaranteed, commercial banks IBRD Use of IMF Short-term bonds and other (memo) IDA (memo) credit external debt 24,623 58,067 427 0 0 11,745 Kazakhstan 0 0 0 2,968 269 964 Kenya 0 280 0 651 150 76 Kyrgyz Republic 0 860 0 686 26 5 Lao PDR 442 20,416 85 0 0 16,676 Latvia 530 0 437 0 80 4,235 Lebanon 0 0 4 293 35 0 Lesotho 0 0 0 77 352 1,214 Liberia 0 1,044 193 394 0 1,196 Macedonia, FYR 0 0 0 865 43 194 Madagascar 0 0 0 178 31 32 Malawi 7,009 13,017 135 0 0 15,250 Malaysia 0 0 0 77 6 130 Maldives 0 0 0 452 13 17 Mali 0 0 0 203 13 254 Mauritania 0 62 81 9 0 3,618 Mauritius 22,680 41,043 4,540 0 0 9,006 Mexico 0 1,169 141 292 160 1,095 Moldova 0 5 0 331 26 0 Mongolia 0 10 257 56 0 0 Montenegro 0 2,673 2,578 17 0 1,911 Morocco 0 0 0 902 15 557 Mozambique 0 0 0 793 0 1,857 Myanmar 0 0 0 1,524 79 81 Nepal 0 361 0 321 85 800 Nicaragua 0 20 0 235 40 49 Niger 175 0 381 1,929 0 4,944 Nigeria 850 303 2,086 9,075 1,381 2,228 Pakistan 1,061 0 216 0 5 529 Panama 0 998 183 73 0 91 Papua New Guinea 0 572 227 18 0 803 Paraguay 1,419 5,260 2,649 0 0 5,806 Peru 1,993 18,874 2,726 195 0 7,084 Philippines 3,155 88,257 1,870 0 0 60,365 Poland 0 39,636 2,604 0 0 30,505 Romania 70,208 150,465 4,292 0 0 79,103 Russian Federation 0 0 0 204 8 32 Rwanda 0 0 0 78 0 914 Samoa 0 0 0 11 3 19 Sao Tome and Principe 0 200 0 663 27 332 Senegal 165 15,239 2,326 625 0 2,652 Serbia 0 0 0 0 0 782 Seychelles 0 0 0 84 37 3 Sierra Leone 0 26 0 46 0 5 Solomon Islands 0 0 0 448 177 788 Somalia 5,105 7,849 27 0 0 16,558 South Africa 100 159 0 2,357 251 1,63 Sri Lanka 0 0 13 1 0 2 St. Kitts and Nevis 0 0 18 46 0 173 St. Lucia 0 0 3 18 0 54 St. Vincent and the Grenadines 0 0 0 1,307 482 6,307 Sudan 0 0 20 3 0 36 Swaziland 0 40 0 360 46 76 Tajikistan 0 4 0 1,585 18 1,358 Tanzania 3,281 28,304 63 66 0 21,640 Thailand 0 0 0 723 2 311 Togo 0 0 0 21 0 1 Tonga 0 0 1,571 24 0 3,652 Tunisia (table continues on next page) xxxv 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 0 9 Table 2. Composition of Total External Debt Stocks (continued) (US$ millions) Public and Public and Public and Public and publicly publicly publicly publicly guaranteed, External Long-term guaranteed, guaranteed, guaranteed, commercial banks debt stocks external debt multilateral bilateral bonds and other Turkey 251,477 202,515 10,583 4,394 36,788 23,406 Turkmenistan 743 650 23 500 0 125 Uganda 1,611 1,575 1,339 210 0 26 Ukraine 73,600 50,255 2,633 1,918 3,966 2,051 Uruguay 12,363 9,973 2,526 91 6,915 84 Uzbekistan 3,876 3,680 876 1,558 0 652 Vanuatu 94 74 69 5 0 0 Venezuela, RB 43,148 31,448 2,327 822 20,675 3,670 Vietnam 24,222 19,372 7,106 10,335 1,220 711 Yemen, Rep. 5,926 5,343 2,843 2,461 0 39 Zambia 2,789 2,126 796 232 0 109 Zimbabwe 5,293 3,751 1,611 1,636 0 488 All developing countries 3,466,045 2,602,309 372,999 297,086 447,846 194,559 East Asia & Pacific 741,471 450,727 69,644 107,704 55,327 24,267 Europe & Central Asia 1,262,622 956,174 49,270 30,038 149,582 39,126 Latin America & Caribbean 825,697 684,830 95,274 25,390 200,857 81,783 Middle East & North Africa 136,448 113,397 26,314 39,992 23,937 16,739 South Asia 304,713 253,300 84,266 45,845 8,570 10,332 Sub-Saharan Africa 195,094 143,882 48,232 48,118 9,573 22,312 Low income 222,694 188,851 100,781 69,235 4,620 8,270 Middle income 3,243,350 2,413,458 272,218 227,851 443,226 186,289 Notes: External Debt Stocks consist of public and publicly guaranteed long-term external debt, private nonguaranteed long-term external debt, the use of IMF credit, and short-term external debt. The relation between external debt stock and its components is illustrated on page xxiv. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in foreign currency, goods, or services. Long-term external debt has three components: 1. Public external debt, which is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. 2. Publicly guaranteed external debt, which is an external obligation of a private debtor that is guaran- teed for repayment by a public entity. 3. Private nonguaranteed external debt, which is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Use of IMF credit denotes members' drawings on the IMF other than those drawn against the country's reserve tranche position. Use of IMF credit includes purchases and drawings under Stand-By, Extended, Structural Adjustment, Enhanced Structural Adjustment, and Systemic Transformation Facility Arrangements, together with Trust Fund loans. Short-term external debt is defined as external debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term external debt. xxxvi S U M M A R Y T A B L E S Private non- Private non- guaranteed, guaranteed, commercial banks IBRD Use of IMF Short-term bonds and other (memo) IDA (memo) credit external debt 6,662 120,683 7,541 59 7,158 41,803 Turkey 0 2 15 0 0 93 Turkmenistan 0 0 0 840 9 26 Uganda 4,185 35,502 2,309 0 431 22,914 Ukraine 287 70 666 0 0 2,390 Uruguay 0 594 317 43 0 196 Uzbekistan 0 0 0 13 0 20 Vanuatu 2,960 994 0 0 0 11,700 Venezuela, RB 0 0 0 4,549 164 4,687 Vietnam 0 0 0 2,058 169 413 Yemen, Rep. 0 990 0 323 87 575 Zambia 0 16 455 522 118 1,424 Zimbabwe 258,396 1,031,423 96,858 108,844 15,540 848,195 All developing countries 28,666 165,119 21,693 19,086 215 290,530 East Asia & Pacific 111,079 577,079 25,610 6,862 8,550 297,898 Europe & Central Asia 96,010 185,517 31,534 1,692 804 140,062 Latin America Caribbean 1,280 5,135 7,447 3,776 353 22,698 Middle East & North Africa 16,082 88,206 9,051 50,075 2,277 49,136 South Asia 5,280 10,367 1,524 27,354 3,341 47,870 Sub-Saharan Africa 1,025 4,920 3,925 56,002 5,361 28,482 Low income 257,371 1,026,503 92,933 52,842 10,179 819,713 Middle income xxxvii Regional and income group aggregate tables 1 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 1,283,129 1,885,659 2,177,752 2,636,451 2,633,045 2,858,432 3,466,045 3,642,036 Long-term external debt 1,054,687 1,497,255 1,824,749 2,079,545 2,048,665 2,195,467 2,602,309 2,785,694 Public and publicly guaranteed 995,182 1,286,291 1,304,455 1,466,660 1,331,287 1,234,553 1,312,490 1,406,863 Private nonguaranteed 59,505 210,963 520,295 612,885 717,378 960,914 1,289,819 1,378,831 Use of IMF credit 33,986 59,800 58,232 96,018 49,179 19,859 15,540 25,793 Short-term external debt 194,456 328,604 294,771 460,888 535,201 643,106 848,195 830,549 interest arrears on long-term 52,223 42,412 28,886 47,511 35,205 33,043 34,807 34,857 Memorandum items Principal arrears on long-term 58,667 100,120 52,284 74,552 56,927 57,812 60,890 62,909 Long-term public sector debt 989,178 1,280,462 1,297,138 1,459,187 1,324,031 1,227,676 1,305,150 1,292,437 Long-term private sector debt 65,509 216,793 527,611 620,358 724,634 967,790 1,297,160 1,493,257 Public & publicly guaranteed commitments 114,431 140,883 147,120 139,562 161,834 134,889 162,972 143,364 External debt flows Disbursements 122,265 210,826 248,880 361,326 429,218 507,739 686,160 587,536 Long-term external debt 114,299 183,007 238,765 354,379 425,257 503,626 684,147 572,388 IMF purchases 7,966 27,820 10,114 6,946 3,961 4,113 2,013 14,613 Principal repayments 78,769 123,119 242,445 313,774 364,347 412,211 389,661 389,407 Long-term external debt 70,931 113,086 221,841 292,156 320,250 381,391 382,507 385,258 IMF repurchases 7,838 10,033 20,604 21,617 44,097 30,819 7,155 3,761 Net flows 57,531 143,122 -693 116,024 151,491 205,595 498,988 181,878 Long-term external debt 43,368 69,921 16,924 62,223 105,008 122,234 301,640 187,276 IMF flows -1,331 17,907 -10,437 -14,739 -39,789 -26,775 -5,124 10,853 Short-term external debt 14,035 55,414 -7,128 68,472 86,619 110,067 202,489 -16,251 Interest payments 61,032 86,817 115,350 98,478 110,052 124,254 150,364 166,787 Long-term external debt 49,106 69,233 96,263 81,497 90,151 99,901 118,840 127,257 IMF charges 2,441 2,676 2,863 3,462 3,277 1,622 725 973 Short-term external debt 9,484 14,909 16,223 13,519 16,624 22,730 30,799 38,557 2. Other non-debt resource flows Foreign direct investment (net) 23,518 98,614 159,948 215,981 279,147 358,415 519,982 561,800 Portfolio equity flows 3,390 13,997 14,137 38,749 68,065 104,316 138,593 15,700 Profit remittances on FDI 16,231 37,748 68,455 128,275 175,293 228,977 297,679 .. Grants (excluding technical coop.) 27,065 31,513 28,213 52,351 60,630 110,574 76,324 .. of which: Debt forgiveness grants .. .. 2,977 7,216 25,382 57,223 14,178 .. IDA grants .. .. .. 1,084 1,161 1,190 1,912 .. Memo: technical coop. grants 13,786 18,881 14,287 20,178 16,241 17,684 12,793 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 18.1 15.6 17.2 17.9 .. Japanese yen 10.7 12.8 11.8 10.6 10.0 10.4 9.7 .. Pound sterling 2.5 1.6 1.0 1.3 1.1 0.8 0.7 .. Swiss franc 2.0 1.2 0.5 0.6 0.7 0.7 0.8 .. U.S.dollars 43.5 47.4 62.2 61.4 64.6 63.1 63.3 .. 4. Average terms of new commitments Official creditors Interest (%) 5.4 5.8 4.8 2.5 3.5 4.0 3.5 .. Maturity (years) 22.7 19.2 20.1 22.8 22.1 22.7 22.4 .. Grace period (years) 6.6 5.3 5.1 6.1 5.7 6.1 5.3 .. Private creditors Interest (%) 8.5 6.5 8.1 5.7 6.0 6.1 6.3 .. Maturity (years) 11.7 7.3 11.0 10.6 12.3 13.1 12.8 .. Grace period (years) 4.9 3.4 8.4 8.5 10.2 10.6 10.3 .. 5. Major economic aggregates Gross national income (GNI) 3,657,059 5,001,411 5,778,947 8,143,941 9,659,751 11,397,652 13,830,796 .. Exports of goods, services & income 695,780 1,217,618 1,765,069 2,894,340 3,565,212 4,357,354 5,271,360 .. Worker remit. & comp. of employees 30,564 56,339 83,072 162,745 192,770 226,280 277,756 .. Imports of goods & services 737,107 1,337,570 1,765,820 2,782,580 3,340,396 4,010,258 4,900,199 .. International reserves 182,749 454,977 672,030 1,615,437 2,008,965 2,652,969 3,751,537 .. 6. Ratios External debt stocks to exports (%) 184.4 154.9 123.4 91.1 73.9 65.6 65.8 .. External debt stocks to GNI (%) 35.1 37.7 37.7 32.4 27.3 25.1 25.1 .. Debt service to exports (%) 20.1 17.2 20.3 14.2 13.3 12.3 10.2 .. Short-term to external debt stocks (%) 15.2 17.4 13.5 17.5 20.3 22.5 24.5 22.8 Multilateral to external debt stocks (%) 15.5 14.8 15.1 14.7 14.2 12.2 10.8 10.8 Reserves to external debt stocks (%) 14.2 24.1 30.9 61.3 76.3 92.8 108.2 .. Reserves to imports (months) 3.0 4.1 4.6 7.0 7.2 7.9 9.2 .. 2 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 1,054,687 1,497,255 1,824,749 2,079,545 2,048,665 2,195,467 2,602,309 2,785,694 Public and publicly guaranteed 995,182 1,286,291 1,304,455 1,466,660 1,331,287 1,234,553 1,312,490 1,406,863 Official creditors 532,711 782,276 759,167 812,495 718,107 641,723 670,085 684,164 Multilateral 199,211 279,846 327,919 387,127 375,016 348,460 372,999 391,701 of which: IBRD 90,194 108,120 110,665 104,755 99,089 95,489 96,858 99,831 IDA 44,923 71,452 86,766 124,497 121,694 98,665 108,844 111,098 Bilateral 333,500 502,431 431,247 425,368 343,092 293,263 297,086 292,463 Private creditors 462,471 504,015 545,288 654,165 613,179 592,830 642,405 722,699 of which: Bonds 99,179 228,437 349,206 435,410 401,679 407,602 447,846 461,701 Commercial banks 233,904 147,397 127,747 167,339 166,837 145,816 159,777 192,549 Private nonguaranteed 59,505 210,963 520,295 612,885 717,378 960,914 1,289,819 1,378,831 of which: Bonds 347 51,018 92,917 124,958 158,009 199,648 258,396 266,671 Disbursements 114,299 183,007 238,765 354,379 425,257 503,626 684,147 572,388 Public and publicly guaranteed 97,058 128,802 137,318 145,025 146,326 137,072 159,580 139,770 Official creditors 48,442 64,750 52,925 46,916 46,001 54,907 57,228 62,225 Multilateral 26,540 31,220 34,702 33,217 34,264 39,818 42,080 43,469 of which: IBRD 13,135 12,793 13,307 10,333 9,575 12,372 10,618 13,878 IDA 4,343 5,474 5,219 7,835 7,114 6,715 7,341 6,603 Bilateral 21,902 33,530 18,223 13,699 11,736 15,090 15,148 18,756 Private creditors 48,616 64,052 84,393 98,109 100,326 82,165 102,352 77,545 of which: Bonds 4,236 22,286 56,284 59,933 64,097 53,484 68,257 37,479 Commercial banks 14,892 22,608 18,945 33,843 31,978 23,976 30,197 36,220 Private nonguaranteed 17,241 54,205 101,447 209,355 278,931 366,553 524,567 433,152 of which: Bonds 291 14,063 11,582 34,846 50,564 51,683 83,728 30,142 Principal repayments 70,931 113,086 221,841 292,156 320,250 381,391 382,507 385,258 Public and publicly guaranteed 63,730 86,664 116,746 131,902 153,189 194,291 123,506 114,023 Official creditors 21,720 42,923 48,196 57,993 76,934 99,146 51,988 52,673 Multilateral 11,681 19,819 22,705 30,329 26,845 36,806 26,476 27,513 of which: IBRD 7,801 11,390 9,614 15,024 12,274 17,445 11,133 11,064 IDA 246 542 947 1,546 1,634 2,052 1,951 2,293 Bilateral 10,039 23,103 25,491 27,664 50,090 62,340 25,512 25,160 Private creditors 42,010 43,741 68,549 73,909 76,255 95,145 71,517 61,350 of which: Bonds 4,271 11,090 32,783 34,696 41,876 59,991 40,182 28,926 Commercial banks 20,272 15,460 23,710 30,882 25,649 25,666 23,974 19,243 Private nonguaranteed 7,202 26,422 105,095 160,254 167,060 187,100 259,001 271,623 of which: Bonds 0 4,042 15,032 24,101 16,582 18,562 26,408 28,215 Interest payments 49,106 69,233 96,263 81,497 90,151 99,901 118,840 127,257 Public and publicly guaranteed 44,567 58,192 64,371 56,416 63,317 57,706 60,396 63,237 Official creditors 18,017 28,564 26,540 21,804 23,949 19,848 19,902 20,299 Multilateral 10,258 13,286 15,260 10,773 10,616 11,744 12,898 11,944 of which: IBRD 6,751 7,738 7,525 4,080 4,113 4,911 5,584 4,201 IDA 301 503 577 897 898 838 773 804 Bilateral 7,759 15,278 11,280 11,031 13,333 8,105 7,004 8,355 Private creditors 26,550 29,627 37,832 34,612 39,368 37,857 40,494 42,938 of which: Bonds 4,100 15,089 25,097 25,673 30,047 28,271 30,202 30,387 Commercial banks 16,067 7,863 9,108 6,950 7,700 8,003 8,419 10,507 Private nonguaranteed 4,540 11,041 31,892 25,082 26,834 42,195 58,443 64,020 of which: Bonds 3 3,172 7,969 8,525 9,523 15,114 17,371 17,768 8. Debt stock-flow reconciliation Total change in external debt stocks 98,019 168,530 -60,021 165,968 -3,406 225,387 .. Net flows on external debt 750 Non-debt flows (bill US$)57,531 143,122 200 -693 116,024 151,491 Debt ratios205,595 (%) 498,988 317,618 Cross-currency valuation 44,772 875 -51,185 36,160 -76,038 -3,639 47,635 .. 9. Debt restructurings Total amount rescheduled 79,064 31,784 60,679 7,590 31,133 5,569 2,358 .. 150 Total amount forgiven 12,603 2,244 931 4,832 9,861 85,519 3,060 .. Debt buyback 500 4,359 162 17,016 0 316 203 3,566 .. 100 250 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 3 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 234,080 455,608 497,851 587,694 618,518 666,469 741,471 765,526 Long-term external debt 194,621 345,443 418,773 403,875 391,364 418,491 450,727 475,938 Public and publicly guaranteed 172,986 255,393 271,336 268,207 258,105 257,734 256,942 262,958 Private nonguaranteed 21,635 90,050 147,438 135,667 133,259 160,757 193,785 212,980 Use of IMF credit 2,085 1,337 16,452 10,964 8,545 239 215 171 Short-term external debt 37,374 108,828 62,626 172,856 218,609 247,740 290,530 289,417 interest arrears on long-term 1,885 2,952 5,334 8,467 8,849 8,821 8,931 8,899 Memorandum items Principal arrears on long-term 2,965 10,943 7,415 15,931 15,842 15,886 16,359 16,242 Long-term public sector debt 172,442 254,004 270,956 267,270 256,691 256,308 255,577 254,627 Long-term private sector debt 22,179 91,439 147,818 136,605 134,673 162,183 195,150 221,310 Public & publicly guaranteed commitments 23,347 46,438 26,963 25,046 24,503 17,748 27,942 25,156 External debt flows Disbursements 29,503 59,109 41,429 61,215 73,475 71,423 84,614 72,166 Long-term external debt 29,445 58,907 39,936 61,215 73,475 71,423 84,614 72,166 IMF purchases 58 203 1,493 0 0 0 0 0 Principal repayments 18,662 32,257 47,889 58,575 64,393 65,554 59,460 51,718 Long-term external debt 17,377 31,866 47,621 56,940 62,796 57,074 59,425 51,681 IMF repurchases 1,286 390 267 1,636 1,597 8,479 35 37 Net flows 18,636 54,066 -16,300 35,327 54,453 35,027 67,789 14,785 Long-term external debt 12,068 27,040 -7,685 4,275 10,679 14,348 25,189 20,485 IMF flows -1,121 -338 1,242 -1,539 -1,523 -8,437 0 -37 Short-term external debt 7,795 27,213 -9,841 32,687 45,371 29,158 42,635 -5,663 Interest payments 12,509 20,625 25,183 19,868 18,615 22,503 25,413 26,968 Long-term external debt 10,154 15,541 20,376 14,985 12,925 13,848 16,151 17,269 IMF charges 245 69 793 285 336 308 3 0 Short-term external debt 2,110 5,015 4,014 4,597 5,354 8,346 9,259 9,698 2. Other non-debt resource flows Foreign direct investment (net) 10,512 50,798 45,166 70,347 104,356 105,152 175,340 194,630 Portfolio equity flows 440 3,746 6,589 19,313 25,683 56,229 35,168 7,400 Profit remittances on FDI 5,159 15,885 31,681 40,619 47,096 55,932 70,996 .. Debt forgiveness grants .. .. 43 5 5 156 9 .. IDA grants .. .. .. 1 16 30 51 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 8.7 8.4 8.9 9.2 .. Japanese yen 29.1 28.2 28.3 28.4 26.8 25.6 24.5 .. Pound sterling 1.0 0.4 0.5 0.7 0.8 0.7 0.7 .. Swiss franc 1.0 0.5 0.2 0.3 0.3 0.2 0.2 .. U.S.dollars 23.6 36.7 55.8 54.0 56.5 57.7 58.4 .. 4. Average terms of new commitments Official creditors Interest (%) 4.9 5.3 3.8 2.2 3.1 4.4 2.9 .. Maturity (years) 24.6 22.0 26.9 25.0 24.8 24.4 21.5 .. Grace period (years) 7.1 5.6 6.3 6.6 6.5 6.5 5.8 .. Private creditors Interest (%) 8.3 6.4 6.8 5.3 5.7 6.6 5.7 .. Maturity (years) 14.1 9.6 11.9 8.7 10.4 14.8 15.7 .. Grace period (years) 3.5 4.4 4.5 6.8 8.2 8.9 11.7 .. 5. Major economic aggregates Gross national income (GNI) 659,141 1,283,954 1,683,914 2,624,598 3,024,183 3,613,427 4,355,630 .. Exports of goods, services & income 177,001 417,577 643,148 1,132,390 1,401,937 1,730,695 2,135,825 .. Worker remit. & comp. of employees 3,258 9,694 16,675 39,157 46,688 52,956 65,333 .. Imports of goods & services 182,910 452,272 606,342 1,064,740 1,249,935 1,459,290 1,742,777 .. International reserves 71,348 167,801 283,042 802,615 1,020,347 1,315,680 1,856,736 .. 6. Ratios External debt stocks to exports (%) 132.2 109.1 77.4 51.9 44.1 38.5 34.7 .. External debt stocks to GNI (%) 35.5 35.5 29.6 22.4 20.5 18.4 17.0 .. Debt service to exports (%) 17.6 12.7 11.4 6.9 5.9 5.1 4.0 .. Short-term to external debt stocks (%) 16.0 23.9 12.6 29.4 35.3 37.2 39.2 37.8 Multilateral to external debt stocks (%) 14.9 11.8 13.2 11.3 10.4 10.0 9.4 9.3 Reserves to external debt stocks (%) 30.5 36.8 56.9 136.6 165.0 197.4 250.4 .. Reserves to imports (months) 4.7 4.5 5.6 9.0 9.8 10.8 12.8 .. 4 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 194,621 345,443 418,773 403,875 391,364 418,491 450,727 475,938 Public and publicly guaranteed 172,986 255,393 271,336 268,207 258,105 257,734 256,942 262,958 Official creditors 104,752 159,603 171,388 184,044 171,238 173,445 177,348 178,522 Multilateral 34,976 53,615 65,765 66,427 64,379 66,440 69,644 71,483 of which: IBRD 20,176 27,912 30,476 24,686 23,331 22,550 21,693 22,275 IDA 5,130 9,692 12,520 17,355 16,498 17,683 19,086 19,697 Bilateral 69,775 105,988 105,624 117,617 106,860 107,005 107,704 107,038 Private creditors 68,234 95,790 99,947 84,163 86,867 84,289 79,594 84,436 of which: Bonds 11,814 23,690 35,943 45,723 52,216 54,720 55,327 57,224 Commercial banks 35,221 39,880 33,241 17,089 15,816 12,713 10,881 13,898 Private nonguaranteed 21,635 90,050 147,438 135,667 133,259 160,757 193,785 212,980 of which: Bonds 160 15,574 22,077 20,432 24,832 28,198 28,666 29,640 Disbursements 29,445 58,907 39,936 61,215 73,475 71,423 84,614 72,166 Public and publicly guaranteed 19,604 38,010 26,490 23,950 25,357 23,891 18,149 23,842 Official creditors 10,138 17,659 15,620 9,525 9,062 11,276 10,680 11,639 Multilateral 4,711 6,135 6,942 4,316 5,145 5,944 6,699 6,339 of which: IBRD 2,532 3,168 3,245 1,861 1,825 2,012 2,347 3,199 IDA 604 934 700 774 627 754 1,058 1,145 Bilateral 5,427 11,524 8,678 5,209 3,917 5,333 3,980 5,300 Private creditors 9,466 20,351 10,870 14,425 16,296 12,615 7,469 12,203 of which: Bonds 852 4,449 4,539 11,387 11,523 8,378 4,295 4,724 Commercial banks 4,097 8,780 2,534 2,633 3,143 1,482 1,075 5,335 Private nonguaranteed 9,841 20,897 13,446 37,264 48,117 47,531 66,465 48,324 of which: Bonds 120 5,731 1,106 4,859 7,148 5,973 4,198 3,633 Principal repayments 17,377 31,866 47,621 56,940 62,796 57,074 59,425 51,681 Public and publicly guaranteed 14,808 21,662 23,408 25,831 23,427 24,553 20,956 21,245 Official creditors 4,266 8,357 10,243 13,158 10,351 12,342 13,609 13,492 Multilateral 2,032 3,094 4,062 6,055 4,609 4,676 4,969 5,323 of which: IBRD 1,462 2,152 2,006 4,307 2,798 2,891 3,336 2,775 IDA 19 50 107 248 286 324 368 400 Bilateral 2,234 5,262 6,181 7,104 5,742 7,666 8,640 8,169 Private creditors 10,542 13,305 13,164 12,672 13,075 12,211 7,347 7,753 of which: Bonds 1,925 1,854 1,211 4,092 4,303 5,334 2,355 3,448 Commercial banks 5,395 5,317 7,158 6,056 5,100 2,486 2,501 2,192 Private nonguaranteed 2,569 10,204 24,213 31,109 39,369 32,521 38,469 30,436 of which: Bonds 0 120 5,168 2,554 2,308 3,415 3,852 2,660 Interest payments 10,154 15,541 20,376 14,985 12,925 13,848 16,151 17,269 Public and publicly guaranteed 8,864 12,044 12,836 10,547 8,541 8,980 10,672 10,438 Official creditors 3,673 6,284 7,236 5,910 4,022 4,371 5,027 5,508 Multilateral 2,146 3,051 3,834 2,504 2,018 2,245 2,493 2,121 of which: IBRD 1,521 1,999 2,146 1,204 1,028 1,168 1,298 964 IDA 34 69 87 129 133 131 134 126 Bilateral 1,527 3,232 3,402 3,406 2,005 2,126 2,534 3,387 Private creditors 5,191 5,761 5,600 4,637 4,519 4,609 5,645 4,930 of which: Bonds 923 1,238 2,300 3,016 3,232 3,624 4,289 3,475 Commercial banks 2,795 2,460 1,920 824 783 503 635 726 Private nonguaranteed 1,290 3,497 7,540 4,438 4,384 4,868 5,478 6,832 of which: Bonds 2 503 1,942 1,269 1,772 2,018 2,225 2,159 8. Debt stock-flow reconciliation Total change in external debt stocks 30,302 71,910 -41,123 46,190 30,824 47,951 .. Net flows on external debt 300 Non-debt flows (bill US$)18,636 54,066 -16,300 300 35,327 54,453 Debt ratios (%) 35,027 67,789 48,447 Cross-currency valuation 10,348 -1,773 -13,908 5,481 -15,815 3,701 7,516 .. 9. Debt restructurings 250 Total amount rescheduled 1,478 314 2,468 0 2,809 3 1 .. Total amount forgiven 0 44 5 5 8 35 6 .. 200 Debt buyback 200 721 0 0 0 0 0 0 .. 150 100 100 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 5 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 187,631 293,781 440,432 662,155 730,741 911,413 1,262,622 1,367,018 Long-term external debt 152,958 244,132 349,687 507,608 567,714 701,957 956,174 1,062,844 Public and publicly guaranteed 148,037 231,636 252,088 281,028 241,886 233,318 268,016 299,963 Private nonguaranteed 4,921 12,497 97,599 226,579 325,828 468,640 688,158 762,881 Use of IMF credit 975 15,747 21,740 30,709 18,810 13,088 8,550 15,174 Short-term external debt 33,697 33,902 69,004 123,838 144,217 196,367 297,898 288,999 interest arrears on long-term 13,041 8,025 8,671 4,139 4,176 1,639 1,709 1,805 Memorandum items Principal arrears on long-term 6,324 29,188 14,289 4,169 4,153 2,903 2,950 3,151 Long-term public sector debt 147,279 230,580 250,927 279,793 240,828 232,413 266,865 280,707 Long-term private sector debt 5,679 13,552 98,760 227,814 326,886 469,545 689,308 782,137 Public & publicly guaranteed commitments 25,076 15,149 22,706 26,254 32,805 30,025 50,413 61,869 External debt flows Disbursements 25,064 24,707 53,879 139,526 196,015 241,320 346,396 311,008 Long-term external debt 24,489 16,647 49,510 137,884 193,226 238,239 345,151 301,525 IMF purchases 575 8,060 4,369 1,642 2,789 3,081 1,245 9,483 Principal repayments 16,486 15,272 40,608 94,828 130,783 142,448 162,572 178,239 Long-term external debt 16,084 13,220 35,689 87,314 118,223 133,558 156,292 175,774 IMF repurchases 402 2,052 4,919 7,513 12,560 8,889 6,280 2,465 Net flows 1,930 14,967 21,175 65,107 85,574 153,559 285,107 127,114 Long-term external debt 8,405 3,427 13,821 50,569 75,002 104,681 188,860 125,751 IMF flows 172 5,951 -616 -5,839 -9,730 -5,789 -4,985 7,018 Short-term external debt -6,647 5,532 7,905 20,409 20,342 54,687 101,283 -5,655 Interest payments 9,823 11,208 19,565 25,522 30,112 37,799 56,685 66,206 Long-term external debt 7,739 9,379 15,226 20,644 23,938 30,343 45,688 49,464 IMF charges 93 603 1,062 1,200 1,125 905 638 426 Short-term external debt 1,991 1,226 3,277 3,678 5,049 6,551 10,359 16,315 2. Other non-debt resource flows Foreign direct investment (net) 2,617 9,485 19,778 55,486 62,829 114,943 154,419 156,130 Portfolio equity flows 89 465 1,311 3,641 7,994 10,456 26,398 -8,400 Profit remittances on FDI 181 1,669 3,778 29,194 42,516 69,451 92,929 .. Debt forgiveness grants .. .. 35 1,396 717 5,389 32 .. IDA grants .. .. .. 2 16 36 57 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 32.9 29.6 32.9 33.4 .. Japanese yen 5.4 7.4 5.2 4.1 4.4 4.8 4.3 .. Pound sterling 2.0 1.1 0.7 0.8 0.5 0.5 0.4 .. Swiss franc 6.7 2.5 0.6 0.7 1.7 1.7 2.1 .. U.S.dollars 34.2 47.1 61.6 57.2 60.2 56.4 57.1 .. 4. Average terms of new commitments Official creditors Interest (%) 7.7 5.7 5.7 3.1 2.6 3.9 4.3 .. Maturity (years) 14.1 17.0 17.6 18.3 21.9 18.6 18.6 .. Grace period (years) 6.1 5.4 5.2 6.1 6.4 5.8 6.0 .. Private creditors Interest (%) 8.5 6.4 8.4 5.3 4.6 5.7 5.7 .. Maturity (years) 11.8 5.6 9.8 9.6 14.0 11.9 10.0 .. Grace period (years) 6.5 2.6 7.5 8.1 13.3 10.9 9.0 .. 5. Major economic aggregates Gross national income (GNI) 1,068,300 980,239 874,007 1,577,812 1,973,292 2,372,227 3,043,072 .. Exports of goods, services & income 0 251,159 323,708 612,803 761,249 941,317 1,170,201 .. Worker remit. & comp. of employees 3,382 7,854 12,734 21,853 30,684 37,319 48,950 .. Imports of goods & services 0 264,149 313,945 617,086 750,367 955,533 1,249,568 .. International reserves 0 59,264 97,722 268,709 361,667 542,066 785,130 .. 6. Ratios External debt stocks to exports (%) 0.0 117.0 136.1 108.1 96.0 96.8 107.9 .. External debt stocks to GNI (%) 17.6 30.0 50.4 42.0 37.0 38.4 41.5 .. Debt service to exports (%) 0.0 10.5 18.6 19.6 21.1 19.1 18.7 .. Short-term to external debt stocks (%) 18.0 11.5 15.7 18.7 19.7 21.5 23.6 21.1 Multilateral to external debt stocks (%) 7.4 7.2 7.2 6.6 5.6 4.9 3.9 3.8 Reserves to external debt stocks (%) 0.0 20.2 22.2 40.6 49.5 59.5 62.2 .. Reserves to imports (months) 0.0 2.7 3.7 5.2 5.8 6.8 7.5 .. 6 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 152,958 244,132 349,687 507,608 567,714 701,957 956,174 1,062,844 Public and publicly guaranteed 148,037 231,636 252,088 281,028 241,886 233,318 268,016 299,963 Official creditors 60,642 132,200 139,494 134,361 97,772 76,305 79,307 77,997 Multilateral 13,839 21,054 31,876 43,419 41,253 44,807 49,270 51,425 of which: IBRD 8,759 13,030 21,438 26,424 24,232 25,047 25,610 26,034 IDA 157 669 2,667 5,555 5,548 6,188 6,862 7,158 Bilateral 46,803 111,146 107,617 90,941 56,519 31,498 30,038 26,572 Private creditors 87,395 99,436 112,595 146,667 144,114 157,013 188,709 221,966 of which: Bonds 7,195 29,401 76,391 104,176 106,923 119,508 149,582 159,712 Commercial banks 53,412 36,214 26,231 35,380 31,748 32,708 35,327 59,462 Private nonguaranteed 4,921 12,497 97,599 226,579 325,828 468,640 688,158 762,881 of which: Bonds 16 149 6,758 30,127 49,054 75,201 111,079 116,197 Disbursements 24,489 16,647 49,510 137,884 193,226 238,239 345,151 301,525 Public and publicly guaranteed 22,728 13,704 23,260 26,576 28,937 25,921 46,765 42,170 Official creditors 5,654 5,552 7,370 7,488 6,003 7,240 9,125 8,438 Multilateral 1,636 3,650 4,692 5,832 4,810 5,702 5,938 6,298 of which: IBRD 950 2,413 2,993 2,849 2,136 2,905 2,258 3,130 IDA 0 370 351 745 420 412 468 375 Bilateral 4,018 1,903 2,678 1,656 1,193 1,538 3,187 2,140 Private creditors 17,074 8,152 15,890 19,088 22,934 18,680 37,640 33,731 of which: Bonds 1,019 2,669 8,994 13,042 19,420 15,345 32,146 20,097 Commercial banks 2,866 2,032 5,620 5,405 3,124 3,136 5,136 13,225 Private nonguaranteed 1,761 2,943 26,250 111,308 164,288 212,318 298,387 259,355 of which: Bonds 0 0 1,338 15,245 21,689 25,848 41,544 14,061 Principal repayments 16,084 13,220 35,689 87,314 118,223 133,558 156,292 175,774 Public and publicly guaranteed 14,587 11,612 15,442 24,774 47,789 46,004 22,883 23,212 Official creditors 2,934 4,032 6,681 11,798 32,026 33,792 9,699 10,168 Multilateral 1,322 2,198 2,460 4,424 4,256 4,057 4,084 4,326 of which: IBRD 1,026 940 1,173 3,091 3,064 2,887 2,659 2,680 IDA 4 6 6 13 23 38 56 68 Bilateral 1,612 1,835 4,221 7,374 27,770 29,735 5,615 5,842 Private creditors 11,653 7,579 8,761 12,976 15,763 12,212 13,184 13,044 of which: Bonds 47 2,765 3,570 7,831 11,041 7,585 7,766 7,566 Commercial banks 6,822 2,020 2,910 3,220 3,199 3,604 4,108 4,056 Private nonguaranteed 1,497 1,609 20,248 62,540 70,435 87,554 133,408 152,562 of which: Bonds 0 0 930 1,037 2,523 1,776 7,688 8,943 Interest payments 7,739 9,379 15,226 20,644 23,938 30,343 45,688 49,464 Public and publicly guaranteed 7,298 8,883 10,390 13,213 13,493 13,401 13,976 16,416 Official creditors 2,008 4,324 3,703 4,451 4,383 3,805 2,886 2,916 Multilateral 998 1,191 1,696 1,266 1,524 1,717 2,058 2,037 of which: IBRD 703 728 1,206 821 930 1,167 1,349 1,125 IDA 1 3 19 42 45 47 50 48 Bilateral 1,010 3,134 2,007 3,185 2,859 2,088 828 879 Private creditors 5,290 4,559 6,687 8,762 9,110 9,596 11,091 13,500 of which: Bonds 494 1,994 4,832 7,009 7,203 7,522 8,928 10,377 Commercial banks 3,504 1,449 1,341 1,419 1,614 1,820 1,935 2,925 Private nonguaranteed 441 496 4,836 7,431 10,445 16,942 31,712 33,048 of which: Bonds 1 13 505 1,376 2,935 4,865 7,395 7,963 8. Debt stock-flow reconciliation Total change in external debt stocks 18,674 17,094 10,524 88,606 68,586 180,672 .. Net flows on external debt 300 Non-debt flows (bill US$) 1,930 14,967 21,175 200 65,107 85,574 Debt ratios153,559 (%) 285,107 185,543 Cross-currency valuation 8,680 5,784 -8,364 8,185 -17,264 9,774 12,063 .. 9. Debt restructurings Total amount rescheduled 3,559 11,111 29,177 3,189 588 1,376 39 .. 150 Total amount forgiven 232 0 12 34 221 69,864 46 .. Debt buyback 200 882 30 943 0 0 0 0 .. 100 100 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 7 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 441,210 608,461 751,217 806,709 738,534 729,018 825,697 865,047 Long-term external debt 349,934 458,971 631,405 663,454 618,480 622,906 684,830 723,946 Public and publicly guaranteed 325,189 371,667 389,470 456,998 410,410 392,972 403,303 416,897 Private nonguaranteed 24,745 87,303 241,935 206,456 208,070 229,934 281,527 307,049 Use of IMF credit 17,968 26,632 8,846 43,307 13,122 737 804 823 Short-term external debt 73,308 122,859 110,966 99,948 106,931 105,375 140,062 140,278 interest arrears on long-term 25,542 10,304 1,680 17,742 8,904 8,315 9,748 10,277 Memorandum items Principal arrears on long-term 24,266 15,855 3,542 27,055 12,405 13,185 15,431 17,266 Long-term public sector debt 321,823 369,702 386,530 454,367 408,019 390,781 401,049 397,814 Long-term private sector debt 28,110 89,269 244,875 209,087 210,462 232,125 283,782 326,131 Public & publicly guaranteed commitments 25,850 49,929 66,234 47,070 55,182 49,778 46,029 32,135 External debt flows Disbursements 32,288 89,685 120,205 107,033 104,831 132,331 151,305 122,415 Long-term external debt 27,555 73,913 116,696 102,805 104,238 131,767 151,056 121,672 IMF purchases 4,733 15,772 3,510 4,228 593 564 249 209 Principal repayments 21,782 43,143 124,161 116,816 121,963 149,342 106,463 97,486 Long-term external debt 18,131 40,311 109,924 106,332 93,791 136,659 106,243 96,929 IMF repurchases 3,651 2,832 14,237 10,484 28,172 12,683 220 172 Net flows 18,139 60,933 -4,850 -4,284 -1,312 -17,977 77,965 22,185 Long-term external debt 9,424 33,602 6,771 -3,527 10,448 -4,892 44,813 24,893 IMF flows 1,027 12,906 -10,753 -6,287 -27,567 -12,224 -41 37 Short-term external debt 7,633 14,391 -894 5,499 15,820 -966 33,123 -2,745 Interest payments 21,708 35,908 54,844 39,939 40,028 45,458 47,853 46,789 Long-term external debt 17,911 28,414 47,297 34,195 33,958 40,267 41,259 40,414 IMF charges 1,435 1,100 777 1,881 1,732 330 35 26 Short-term external debt 2,362 6,393 6,769 3,863 4,338 4,862 6,558 6,350 2. Other non-debt resource flows Foreign direct investment (net) 8,121 30,202 79,491 64,923 70,823 71,646 107,516 107,050 Portfolio equity flows 2,464 5,216 -561 -586 12,209 11,204 29,569 -6,500 Profit remittances on FDI 7,323 14,909 22,729 36,901 52,567 72,522 83,892 .. Debt forgiveness grants .. .. 769 1,612 1,118 4,642 3,965 .. IDA grants .. .. .. 0 24 24 32 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 11.8 9.4 10.6 10.9 .. Japanese yen 6.2 8.2 6.6 4.6 3.4 3.0 2.8 .. Pound sterling 1.6 1.1 0.6 0.3 0.2 0.2 0.1 .. Swiss franc 1.0 0.6 0.3 0.2 0.2 0.1 0.1 .. U.S.dollars 59.6 62.1 73.5 78.1 82.1 81.8 82.8 .. 4. Average terms of new commitments Official creditors Interest (%) 7.0 7.6 5.9 3.3 4.3 5.2 5.0 .. Maturity (years) 18.1 14.2 12.7 16.1 18.3 18.9 18.0 .. Grace period (years) 4.9 4.1 3.1 4.6 4.9 5.2 5.0 .. Private creditors Interest (%) 9.1 6.8 9.4 6.6 7.3 6.3 7.1 .. Maturity (years) 11.0 4.1 12.5 13.5 14.4 14.7 18.0 .. Grace period (years) 5.2 2.9 11.5 11.5 11.8 12.3 14.4 .. 5. Major economic aggregates Gross national income (GNI) 1,050,458 1,692,654 1,953,619 2,086,485 2,526,768 2,970,865 3,477,916 .. Exports of goods, services & income 182,295 301,373 460,930 593,662 712,510 851,908 967,363 .. Worker remit. & comp. of employees 5,721 13,335 19,987 43,320 50,118 59,206 62,967 .. Imports of goods & services 189,189 343,892 512,663 578,754 685,145 813,033 958,390 .. International reserves 58,057 138,616 158,413 222,954 257,309 312,791 450,590 .. 6. Ratios External debt stocks to exports (%) 242.0 201.9 163.0 135.9 103.7 85.6 85.4 .. External debt stocks to GNI (%) 42.0 35.9 38.5 38.7 29.2 24.5 23.7 .. Debt service to exports (%) 23.9 26.2 38.8 26.4 22.7 22.9 16.0 .. Short-term to external debt stocks (%) 16.6 20.2 14.8 12.4 14.5 14.5 17.0 16.2 Multilateral to external debt stocks (%) 13.5 11.9 12.3 13.1 14.0 13.1 11.5 11.9 Reserves to external debt stocks (%) 13.2 22.8 21.1 27.6 34.8 42.9 54.6 .. Reserves to imports (months) 3.7 4.8 3.7 4.6 4.5 4.6 5.6 .. 8 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 349,934 458,971 631,405 663,454 618,480 622,906 684,830 723,946 Public and publicly guaranteed 325,189 371,667 389,470 456,998 410,410 392,972 403,303 416,897 Official creditors 120,589 158,881 139,723 143,973 133,749 122,956 120,663 128,131 Multilateral 59,685 72,110 92,520 105,907 103,053 95,475 95,274 102,885 of which: IBRD 34,683 36,299 37,429 36,408 34,958 31,528 31,534 33,864 IDA 1,117 2,186 3,387 5,136 5,049 1,529 1,692 1,764 Bilateral 60,904 86,771 47,203 38,067 30,696 27,482 25,390 25,246 Private creditors 204,600 212,786 249,747 313,025 276,661 270,016 282,640 288,765 of which: Bonds 75,572 165,105 209,444 246,965 209,429 198,722 200,857 203,578 Commercial banks 100,977 34,273 31,862 61,065 62,741 67,985 77,455 81,674 Private nonguaranteed 24,745 87,303 241,935 206,456 208,070 229,934 281,527 307,049 of which: Bonds 171 33,829 60,325 69,833 74,487 80,608 96,010 97,411 Disbursements 27,555 73,913 116,696 102,805 104,238 131,767 151,056 121,672 Public and publicly guaranteed 22,857 46,383 58,631 54,059 55,491 50,490 46,040 35,543 Official creditors 13,106 23,594 16,449 12,671 12,937 16,360 14,847 16,276 Multilateral 8,925 9,876 13,536 10,534 10,494 14,450 13,294 14,651 of which: IBRD 6,114 4,624 5,595 4,333 3,550 5,570 3,067 5,643 IDA 119 277 202 391 306 178 129 95 Bilateral 4,182 13,719 2,912 2,136 2,444 1,910 1,553 1,625 Private creditors 9,751 22,788 42,182 41,388 42,554 34,130 31,193 19,268 of which: Bonds 1,938 13,654 34,442 24,540 27,566 20,386 16,334 10,245 Commercial banks 4,746 7,398 7,016 16,044 14,347 13,054 14,100 8,585 Private nonguaranteed 4,698 27,530 58,065 48,746 48,747 81,277 105,015 86,663 of which: Bonds 171 7,412 8,312 11,623 15,066 17,459 26,341 9,948 Principal repayments 18,131 40,311 109,924 106,332 93,791 136,659 106,243 96,929 Public and publicly guaranteed 15,960 27,614 51,897 46,019 44,018 79,318 47,605 34,526 Official creditors 6,421 14,515 16,794 16,414 16,580 24,495 15,683 12,574 Multilateral 4,727 8,308 9,787 11,940 10,897 19,225 10,766 9,896 of which: IBRD 3,297 4,974 3,798 5,629 4,561 9,143 3,311 3,344 IDA 9 21 18 67 39 47 22 23 Bilateral 1,694 6,206 7,007 4,474 5,683 5,270 4,916 2,678 Private creditors 9,539 13,100 35,103 29,605 27,438 54,824 31,922 21,952 of which: Bonds 1,912 5,833 26,575 16,513 16,416 40,873 21,214 14,650 Commercial banks 5,100 4,240 6,932 12,203 10,234 12,774 9,932 6,060 Private nonguaranteed 2,171 12,696 58,027 60,313 49,772 57,341 58,638 62,788 of which: Bonds 0 3,922 8,849 20,175 10,583 13,165 12,763 14,894 Interest payments 17,911 28,414 47,297 34,195 33,958 40,267 41,259 40,414 Public and publicly guaranteed 15,677 22,585 29,229 22,461 24,150 24,617 25,203 24,252 Official creditors 5,432 8,834 8,519 5,668 5,580 5,966 5,950 5,383 Multilateral 4,107 4,848 6,312 4,379 4,443 4,963 4,980 4,553 of which: IBRD 2,533 2,651 2,801 1,471 1,507 1,813 1,781 1,327 IDA 8 23 17 46 37 25 13 8 Bilateral 1,325 3,986 2,207 1,290 1,137 1,002 970 830 Private creditors 10,245 13,751 20,709 16,793 18,570 18,651 19,254 18,869 of which: Bonds 2,365 11,254 16,736 13,456 15,040 14,858 14,545 13,806 Commercial banks 6,627 1,567 3,166 3,121 3,326 3,606 4,373 4,782 Private nonguaranteed 2,235 5,829 18,068 11,734 9,808 15,650 16,056 16,162 of which: Bonds 0 2,597 5,185 5,700 4,487 7,481 7,095 6,242 8. Debt stock-flow reconciliation Total change in external debt stocks 19,426 63,134 -14,524 -1,853 -68,175 -9,516 .. Net flows on external debt 200 Non-debt flows (bill US$)18,139 60,933 -4,850 250 -4,284 -1,312 Debt ratios-17,977 (%) 77,965 50,478 Cross-currency valuation 11,380 1,916 -9,906 9,739 -13,652 2,759 9,637 .. 9. Debt restructurings 200 Total amount rescheduled 150 63,474 7,922 5,146 595 25,998 2,333 1,089 .. Total amount forgiven 173 534 98 554 808 349 1,199 .. Debt buyback 2,756 102 15,851 0 316 203 2,343 .. 150 100 100 50 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 9 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 119,522 140,110 116,897 146,512 137,495 129,251 136,448 133,465 Long-term external debt 100,498 124,490 99,896 123,741 115,740 107,321 113,397 112,725 Public and publicly guaranteed 99,298 123,482 96,463 117,600 108,876 100,932 106,981 104,263 Private nonguaranteed 1,200 1,008 3,433 6,140 6,864 6,388 6,415 8,462 Use of IMF credit 1,815 2,177 2,542 1,378 547 423 353 259 Short-term external debt 17,209 13,443 14,458 21,394 21,208 21,508 22,698 20,482 interest arrears on long-term 2,417 660 258 136 105 111 113 110 Memorandum items Principal arrears on long-term 7,320 2,977 1,143 306 219 191 159 149 Long-term public sector debt 98,916 122,862 95,298 115,614 106,772 98,782 104,599 106,897 Long-term private sector debt 1,583 1,629 4,599 8,126 8,968 8,539 8,797 5,829 Public & publicly guaranteed commitments 14,679 11,807 10,013 14,842 12,237 10,441 8,420 13,703 External debt flows Disbursements 13,013 11,245 9,092 13,788 13,875 11,075 12,533 14,413 Long-term external debt 12,947 10,655 9,068 13,788 13,875 11,075 12,455 14,367 IMF purchases 65 590 24 0 0 0 78 46 Principal repayments 11,015 11,427 10,980 14,915 14,474 24,009 13,779 14,582 Long-term external debt 10,618 11,038 10,742 14,404 13,728 23,859 13,614 14,448 IMF repurchases 397 390 238 511 745 150 166 134 Net flows 3,428 3,084 -2,613 4,487 -753 -12,641 -505 -569 Long-term external debt 2,329 -383 -1,674 -616 147 -12,784 -1,158 -81 IMF flows -318 200 -218 -480 -700 -101 -12 -87 Short-term external debt 1,430 3,266 -725 5,613 -154 293 741 -401 Interest payments 5,654 7,205 5,624 5,368 5,543 5,486 5,505 6,978 Long-term external debt 4,359 6,261 4,765 4,685 4,762 4,599 4,624 5,864 IMF charges 180 112 130 35 32 14 12 7 Short-term external debt 1,115 832 729 648 749 873 869 1,107 2. Other non-debt resource flows Foreign direct investment (net) 527 806 4,474 6,862 14,065 25,020 24,216 23,140 Portfolio equity flows 5 32 253 705 2,410 963 -2,096 2,000 Profit remittances on FDI 614 941 1,689 2,790 3,908 4,026 4,562 .. Debt forgiveness grants .. .. 270 271 14,152 3,559 5,050 .. IDA grants .. .. .. 3 5 5 3 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 34.0 31.6 33.9 36.0 .. Japanese yen 8.2 10.5 12.1 10.4 8.9 8.0 7.7 .. Pound sterling 1.8 1.1 0.9 1.8 1.6 1.6 1.5 .. Swiss franc 1.2 1.0 1.1 1.6 1.4 1.4 1.3 .. U.S.dollars 37.9 36.9 44.1 40.4 44.6 42.9 40.5 .. 4. Average terms of new commitments Official creditors Interest (%) 5.6 5.3 4.6 2.8 3.2 4.0 3.7 .. Maturity (years) 21.5 18.2 19.4 19.1 19.5 22.2 20.0 .. Grace period (years) 6.3 5.1 5.6 5.1 5.4 6.7 5.9 .. Private creditors Interest (%) 8.9 7.0 7.2 5.9 5.6 6.8 5.3 .. Maturity (years) 7.5 9.2 8.0 7.4 7.9 10.9 7.8 .. Grace period (years) 2.3 3.6 4.5 4.8 5.8 7.8 5.9 .. 5. Major economic aggregates Gross national income (GNI) 210,370 261,479 343,973 449,072 511,692 588,766 717,972 .. Exports of goods, services & income 80,916 94,256 122,832 192,447 233,081 268,929 329,985 .. Worker remit. & comp. of employees 11,008 12,354 11,850 21,714 22,824 24,330 29,851 .. Imports of goods & services 80,760 84,394 98,102 140,466 163,442 186,433 235,497 .. International reserves 15,412 37,939 49,127 108,709 130,432 169,057 216,346 .. 6. Ratios External debt stocks to exports (%) 147.7 148.6 95.2 76.1 59.0 48.1 41.3 .. External debt stocks to GNI (%) 56.8 53.6 34.0 32.6 26.9 22.0 19.0 .. Debt service to exports (%) 20.6 19.8 13.5 10.5 8.6 11.0 5.8 .. Short-term to external debt stocks (%) 14.4 9.6 12.4 14.6 15.4 16.6 16.6 15.3 Multilateral to external debt stocks (%) 12.2 15.6 19.0 17.2 16.9 17.4 19.3 19.9 Reserves to external debt stocks (%) 12.9 27.1 42.0 74.2 94.9 130.8 158.6 .. Reserves to imports (months) 2.3 5.4 6.0 9.3 9.6 10.9 11.0 .. 10 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 100,498 124,490 99,896 123,741 115,740 107,321 113,397 112,725 Public and publicly guaranteed 99,298 123,482 96,463 117,600 108,876 100,932 106,981 104,263 Official creditors 56,861 89,336 72,187 78,226 69,208 61,373 66,306 65,412 Multilateral 14,552 21,812 22,225 25,252 23,202 22,474 26,314 26,587 of which: IBRD 7,769 10,218 7,639 7,434 6,757 6,144 7,447 7,289 IDA 1,730 2,061 2,655 3,392 3,322 3,595 3,776 3,589 Bilateral 42,309 67,524 49,962 52,974 46,006 38,899 39,992 38,825 Private creditors 42,437 34,146 24,276 39,374 39,668 39,560 40,676 38,851 of which: Bonds 1,683 2,036 7,375 20,422 22,142 23,179 23,937 23,638 Commercial banks 13,623 10,340 8,404 8,149 8,210 7,621 8,565 8,794 Private nonguaranteed 1,200 1,008 3,433 6,140 6,864 6,388 6,415 8,462 of which: Bonds 0 50 836 746 1,011 805 1,280 1,010 Disbursements 12,947 10,655 9,068 13,788 13,875 11,075 12,455 14,367 Public and publicly guaranteed 12,888 10,502 8,088 13,064 12,085 10,047 10,935 11,238 Official creditors 5,529 5,683 3,236 3,884 4,535 4,187 5,570 5,848 Multilateral 2,329 3,380 1,833 2,539 3,275 2,776 4,395 3,463 of which: IBRD 1,154 1,455 532 439 895 739 1,723 690 IDA 37 128 118 177 202 225 145 115 Bilateral 3,201 2,303 1,403 1,345 1,260 1,411 1,175 2,385 Private creditors 7,359 4,820 4,852 9,179 7,550 5,860 5,365 5,390 of which: Bonds 0 888 2,031 5,754 4,144 3,799 2,993 2,256 Commercial banks 732 874 1,084 1,354 2,218 1,496 1,992 2,706 Private nonguaranteed 59 153 981 725 1,790 1,028 1,521 3,129 of which: Bonds 0 50 115 200 530 0 0 0 Principal repayments 10,618 11,038 10,742 14,404 13,728 23,859 13,614 14,448 Public and publicly guaranteed 10,478 10,868 10,245 13,611 12,788 22,235 11,207 12,367 Official creditors 3,182 7,280 5,683 7,104 7,170 15,279 4,909 5,765 Multilateral 1,249 1,978 1,943 3,302 3,263 4,529 2,139 2,484 of which: IBRD 745 1,096 855 1,143 1,030 1,673 771 968 IDA 12 28 43 72 75 80 89 85 Bilateral 1,933 5,303 3,740 3,802 3,906 10,751 2,771 3,281 Private creditors 7,296 3,587 4,562 6,507 5,619 6,956 6,298 6,602 of which: Bonds 76 278 896 2,941 1,883 2,810 2,620 2,605 Commercial banks 1,586 629 1,423 1,540 1,723 2,436 1,860 1,990 Private nonguaranteed 140 170 497 792 940 1,624 2,406 2,082 of which: Bonds 0 0 50 250 265 206 275 270 Interest payments 4,359 6,261 4,765 4,685 4,762 4,599 4,624 5,864 Public and publicly guaranteed 4,265 6,210 4,605 4,504 4,420 4,343 4,312 5,033 Official creditors 2,030 4,184 2,986 2,451 2,316 2,047 1,867 2,207 Multilateral 839 1,324 1,210 962 922 901 917 1,104 of which: IBRD 592 736 545 322 308 296 329 315 IDA 12 15 20 28 28 27 28 27 Bilateral 1,191 2,860 1,775 1,490 1,393 1,146 951 1,103 Private creditors 2,235 2,027 1,619 2,053 2,104 2,297 2,445 2,826 of which: Bonds 124 88 458 1,352 1,366 1,499 1,591 1,601 Commercial banks 720 616 570 265 306 389 418 867 Private nonguaranteed 94 51 160 181 342 256 312 831 of which: Bonds 0 0 69 69 90 74 116 217 8. Debt stock-flow reconciliation Total change in external debt stocks -3,206 6,090 -9,440 10,508 -9,017 -8,244 .. Net flows on external debt 50 Non-debt flows (bill US$) 3,428 3,084 -2,613 200 4,487 Debt ratios-12,641 -753 (%) -505 -978 Cross-currency valuation 5,135 2,107 -3,923 3,695 -7,478 4,186 5,728 .. 9. Debt restructurings Total amount rescheduled 4,565 8,947 150 340 258 286 208 196 .. Total amount forgiven 10,614 357 179 116 67 123 7 .. Debt buyback 0 0 85 0 0 0 0 .. 25 100 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 11 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 124,433 151,740 160,108 196,003 191,330 249,804 304,713 311,303 Long-term external debt 107,562 137,436 152,131 183,367 177,300 217,724 253,300 264,041 Public and publicly guaranteed 105,835 129,135 133,617 153,686 142,039 131,226 149,012 195,151 Private nonguaranteed 1,727 8,301 18,514 29,680 35,261 86,498 104,287 68,889 Use of IMF credit 4,537 5,252 1,918 2,423 2,208 2,232 2,277 5,379 Short-term external debt 12,333 9,051 6,059 10,214 11,822 29,847 49,136 41,883 interest arrears on long-term 19 59 120 9 30 18 37 29 Memorandum items Principal arrears on long-term 35 82 277 65 76 153 359 360 Long-term public sector debt 105,068 128,462 132,854 153,282 141,850 131,063 148,856 129,814 Long-term private sector debt 2,494 8,975 19,277 30,085 35,450 86,662 104,444 134,226 Public & publicly guaranteed commitments 14,031 8,403 12,922 11,392 13,339 15,681 12,406 4,186 External debt flows Disbursements 12,098 12,065 14,191 26,658 24,807 38,425 66,622 50,535 Long-term external debt 10,223 11,863 13,997 26,244 24,551 38,253 66,534 47,023 IMF purchases 1,875 202 195 414 256 171 88 3,512 Principal repayments 5,258 11,599 9,784 20,539 20,502 13,405 35,331 35,622 Long-term external debt 4,103 9,601 9,301 19,856 20,226 13,144 35,174 35,351 IMF repurchases 1,155 1,998 483 683 275 261 157 271 Net flows 8,390 2,503 3,469 8,758 5,892 43,056 50,546 14,094 Long-term external debt 6,120 2,262 4,696 6,387 4,325 25,109 31,360 11,672 IMF flows -401 109 -15 -564 -40 -182 -35 3,241 Short-term external debt 1,550 2,037 -938 2,639 1,587 18,037 19,255 -820 Interest payments 6,046 6,520 5,655 4,599 7,686 8,590 9,871 13,089 Long-term external debt 4,595 5,663 5,273 4,304 7,203 7,344 7,327 9,902 IMF charges 249 233 58 30 26 26 23 23 Short-term external debt 1,202 624 323 265 457 1,220 2,521 3,165 2. Other non-debt resource flows Foreign direct investment (net) 542 2,931 4,358 7,776 10,257 23,158 29,926 47,380 Portfolio equity flows 1 1,585 2,381 8,990 12,399 10,428 36,093 18,000 Profit remittances on FDI 93 392 721 5,388 7,166 9,082 4,325 .. Debt forgiveness grants .. .. 182 314 86 323 214 .. IDA grants .. .. .. 99 270 207 407 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 6.3 6.0 7.3 7.1 .. Japanese yen 12.5 16.8 14.8 15.7 15.7 18.9 18.1 .. Pound sterling 5.0 3.6 2.8 2.0 1.8 1.8 1.5 .. Swiss franc 0.5 0.7 0.3 0.2 0.2 0.2 0.2 .. U.S.dollars 54.1 46.2 57.1 62.5 62.5 55.8 56.1 .. 4. Average terms of new commitments Official creditors Interest (%) 3.7 3.7 5.0 1.8 2.4 3.5 3.2 .. Maturity (years) 28.9 25.8 23.4 29.2 28.1 25.0 27.8 .. Grace period (years) 8.1 7.6 6.3 7.6 7.8 6.7 7.4 .. Private creditors Interest (%) 6.8 5.8 4.3 3.7 3.9 4.6 7.1 .. Maturity (years) 14.8 6.0 5.4 7.1 5.0 10.0 9.2 .. Grace period (years) 7.1 3.9 4.6 4.8 4.7 6.1 4.6 .. 5. Major economic aggregates Gross national income (GNI) 400,525 473,538 603,667 890,725 1,020,559 1,151,294 1,445,560 .. Exports of goods, services & income 41,150 71,062 105,844 185,068 237,201 292,774 350,314 .. Worker remit. & comp. of employees 5,572 10,005 17,212 28,694 33,092 39,615 52,086 .. Imports of goods & services 53,492 86,693 116,952 192,498 258,807 318,631 395,696 .. International reserves 8,896 30,704 47,221 149,907 156,714 198,524 302,315 .. 6. Ratios External debt stocks to exports (%) 302.4 213.5 151.3 105.9 80.7 85.3 87.0 .. External debt stocks to GNI (%) 31.1 32.0 26.5 22.0 18.7 21.7 21.1 .. Debt service to exports (%) 27.5 25.5 14.6 13.6 11.9 7.5 12.9 .. Short-term to external debt stocks (%) 9.9 6.0 3.8 5.2 6.2 11.9 16.1 13.5 Multilateral to external debt stocks (%) 30.6 37.5 38.1 36.3 36.9 30.4 27.7 28.4 Reserves to external debt stocks (%) 7.1 20.2 29.5 76.5 81.9 79.5 99.2 .. Reserves to imports (months) 2.0 4.3 4.8 9.3 7.3 7.5 9.2 .. 12 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 107,562 137,436 152,131 183,367 177,300 217,724 253,300 264,041 Public and publicly guaranteed 105,835 129,135 133,617 153,686 142,039 131,226 149,012 195,151 Official creditors 81,544 103,718 100,851 114,184 110,156 118,642 130,110 136,632 Multilateral 38,068 56,875 61,023 71,064 70,510 75,971 84,266 88,534 of which: IBRD 9,646 13,035 10,210 7,326 7,795 8,421 9,051 9,376 IDA 21,071 29,001 31,963 43,386 42,833 45,484 50,075 49,573 Bilateral 43,475 46,844 39,828 43,120 39,646 42,670 45,845 48,098 Private creditors 24,291 25,417 32,766 39,502 31,883 12,584 18,902 58,520 of which: Bonds 2,613 3,421 10,903 9,320 2,394 4,480 8,570 8,062 Commercial banks 16,811 14,124 19,579 29,049 28,528 7,155 9,375 11,392 Private nonguaranteed 1,727 8,301 18,514 29,680 35,261 86,498 104,287 68,889 of which: Bonds 0 1,065 1,560 3,820 7,318 13,352 16,082 18,119 Disbursements 10,223 11,863 13,997 26,244 24,551 38,253 66,534 47,023 Public and publicly guaranteed 9,970 9,929 13,410 16,794 11,823 17,029 20,783 17,233 Official creditors 6,904 6,378 6,129 7,159 7,282 9,483 8,952 13,183 Multilateral 4,402 3,975 4,347 5,097 5,669 6,252 6,434 7,974 of which: IBRD 1,576 860 866 819 1,155 1,145 1,193 1,171 IDA 1,558 1,374 1,655 2,712 2,616 2,396 2,538 2,102 Bilateral 2,501 2,403 1,782 2,062 1,612 3,231 2,517 5,209 Private creditors 3,066 3,551 7,281 9,636 4,541 7,546 11,832 4,050 of which: Bonds 427 86 5,512 4,210 1,444 3,500 9,040 158 Commercial banks 2,072 1,901 940 5,353 3,054 3,988 2,770 3,780 Private nonguaranteed 252 1,934 586 9,449 12,728 21,224 45,751 29,789 of which: Bonds 0 520 0 2,920 4,825 2,404 5,883 2,500 Principal repayments 4,103 9,601 9,301 19,856 20,226 13,144 35,174 35,351 Public and publicly guaranteed 3,744 9,103 8,593 15,386 14,391 7,592 11,092 13,835 Official creditors 2,378 5,764 5,352 5,702 4,079 4,645 4,787 5,899 Multilateral 1,009 2,227 2,827 3,138 2,267 2,475 2,668 3,120 of which: IBRD 553 1,173 1,232 515 535 567 650 679 IDA 151 318 548 897 963 1,059 1,138 1,197 Bilateral 1,369 3,537 2,525 2,564 1,812 2,171 2,118 2,779 Private creditors 1,366 3,339 3,241 9,684 10,312 2,947 6,306 7,936 of which: Bonds 280 319 50 2,950 8,234 1,648 5,005 657 Commercial banks 371 1,992 2,843 6,376 1,896 1,222 1,253 1,603 Private nonguaranteed 359 498 707 4,471 5,835 5,552 24,081 21,515 of which: Bonds 0 0 35 85 903 0 441 463 Interest payments 4,595 5,663 5,273 4,304 7,203 7,344 7,327 9,902 Public and publicly guaranteed 4,447 5,000 4,392 3,192 5,698 3,300 2,986 3,793 Official creditors 2,179 2,933 2,265 1,736 1,740 2,162 2,355 2,478 Multilateral 1,065 1,640 1,366 813 946 1,176 1,380 1,223 of which: IBRD 752 995 613 186 288 420 487 363 IDA 149 215 236 334 343 336 360 337 Bilateral 1,114 1,293 898 923 794 985 975 1,255 Private creditors 2,268 2,067 2,127 1,455 3,958 1,139 631 1,315 of which: Bonds 180 194 210 255 2,690 217 310 470 Commercial banks 1,806 1,315 1,809 1,176 1,253 912 310 502 Private nonguaranteed 148 663 881 1,112 1,504 4,044 4,341 6,109 of which: Bonds 0 58 227 102 177 587 400 1,041 8. Debt stock-flow reconciliation Total change in external debt stocks 13,105 -4,311 -1,957 13,814 -4,673 58,474 .. Net flows on external debt 75 Non-debt flows (bill US$) 8,390 2,503 3,469 200 8,758 5,892 Debt ratios (%) 43,056 50,546 25,839 Cross-currency valuation 1,584 -8,069 -8,302 2,785 -8,279 2,597 8,833 .. 9. Debt restructurings Total amount rescheduled 0 0 150 918 0 265 860 0 .. Total amount forgiven 0 7 9 146 2 83 84 .. Debt buyback 50 0 0 0 0 0 0 0 .. 100 25 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 13 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 176,253 235,959 211,248 237,378 216,427 172,476 195,094 199,677 Long-term external debt 149,113 186,782 172,857 197,502 178,067 127,067 143,882 146,200 Public and publicly guaranteed 143,837 174,978 161,481 189,139 169,970 118,370 128,235 127,631 Private nonguaranteed 5,276 11,804 11,376 8,363 8,096 8,697 15,647 18,569 Use of IMF credit 6,606 8,654 6,734 7,238 5,947 3,140 3,341 3,986 Short-term external debt 20,534 40,522 31,657 32,638 32,413 42,269 47,870 49,490 interest arrears on long-term 9,317 20,412 12,822 17,019 13,141 14,138 14,268 13,738 Memorandum items Principal arrears on long-term 17,757 41,074 25,618 27,027 24,233 25,494 25,631 25,740 Long-term public sector debt 143,650 174,852 160,574 188,860 169,871 118,330 128,203 122,577 Long-term private sector debt 5,463 11,930 12,283 8,641 8,196 8,738 15,679 23,623 Public & publicly guaranteed commitments 11,448 9,157 8,282 14,957 23,768 11,216 17,761 6,315 External debt flows Disbursements 10,300 14,016 10,083 13,106 16,215 13,166 24,690 16,999 Long-term external debt 9,640 11,022 9,559 12,444 15,893 12,868 24,337 15,635 IMF purchases 660 2,994 525 662 323 298 354 1,364 Principal repayments 5,566 9,421 9,023 8,101 12,232 17,454 12,056 11,761 Long-term external debt 4,619 7,050 8,563 7,311 11,485 17,097 11,760 11,076 IMF repurchases 947 2,371 460 790 747 357 296 682 Net flows 7,008 7,569 -1,575 6,630 7,636 4,571 18,085 4,270 Long-term external debt 5,021 3,972 995 5,134 4,407 -4,228 12,577 4,556 IMF flows -691 -921 -78 -31 -229 -41 -52 682 Short-term external debt 2,275 2,974 -2,635 1,625 3,653 8,859 5,451 -968 Interest payments 5,291 5,351 4,479 3,181 8,068 4,416 5,038 6,757 Long-term external debt 4,348 3,974 3,326 2,684 7,364 3,499 3,791 4,344 IMF charges 238 559 43 30 27 39 14 490 Short-term external debt 705 819 1,111 467 677 878 1,233 1,923 2. Other non-debt resource flows Foreign direct investment (net) 1,199 4,393 6,681 10,588 16,816 18,496 28,564 33,480 Portfolio equity flows 393 2,954 4,164 6,685 7,371 15,036 13,461 3,200 Profit remittances on FDI 2,861 3,952 7,858 13,382 22,040 17,963 40,975 .. Debt forgiveness grants .. .. 1,677 3,619 9,304 43,153 4,908 .. IDA grants .. .. .. 979 831 888 1,361 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 23.9 19.5 22.4 21.7 .. Japanese yen 4.1 5.6 4.1 4.8 3.6 3.4 2.9 .. Pound sterling 5.5 3.8 2.1 4.9 4.1 1.6 1.5 .. Swiss franc 2.3 2.1 1.5 2.0 1.9 2.4 2.3 .. U.S.dollars 36.7 40.8 61.3 49.9 55.2 51.8 52.0 .. 4. Average terms of new commitments Official creditors Interest (%) 3.5 1.8 1.1 1.9 4.4 1.5 1.4 .. Maturity (years) 28.3 31.7 36.6 28.4 21.6 29.9 31.1 .. Grace period (years) 7.7 8.7 9.1 6.5 4.3 6.8 2.5 .. Private creditors Interest (%) 8.1 5.7 5.8 3.4 5.5 6.9 6.8 .. Maturity (years) 11.6 12.4 7.8 7.1 6.1 8.8 8.6 .. Grace period (years) 2.7 1.9 2.1 2.9 1.9 5.6 5.6 .. 5. Major economic aggregates Gross national income (GNI) 281,610 309,993 320,210 512,716 599,479 696,915 784,949 .. Exports of goods, services & income 79,252 92,676 117,041 190,586 239,508 286,219 343,509 .. Worker remit. & comp. of employees 1,623 3,097 4,614 8,006 9,364 12,854 18,570 .. Imports of goods & services 86,215 111,982 118,496 194,463 239,038 285,596 350,983 .. International reserves 15,362 20,652 36,505 62,543 82,495 114,851 140,420 .. 6. Ratios External debt stocks to exports (%) 222.4 254.6 180.5 124.6 90.4 60.3 56.8 .. External debt stocks to GNI (%) 62.6 76.1 66.0 46.3 36.1 24.7 24.9 .. Debt service to exports (%) 13.7 15.9 11.5 5.9 8.5 7.6 5.0 .. Short-term to external debt stocks (%) 11.7 17.2 15.0 13.7 15.0 24.5 24.5 24.8 Multilateral to external debt stocks (%) 21.6 23.0 25.8 31.6 33.6 25.1 24.7 25.4 Reserves to external debt stocks (%) 8.7 8.8 17.3 26.3 38.1 66.6 72.0 .. Reserves to imports (months) 2.1 2.2 3.7 3.9 4.1 4.8 4.8 .. 14 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 149,113 186,782 172,857 197,502 178,067 127,067 143,882 146,200 Public and publicly guaranteed 143,837 174,978 161,481 189,139 169,970 118,370 128,235 127,631 Official creditors 108,323 138,538 135,523 157,707 135,984 89,002 96,350 97,470 Multilateral 38,090 54,381 54,511 75,058 72,619 43,293 48,232 50,787 of which: IBRD 9,160 7,626 3,473 2,476 2,015 1,799 1,524 993 IDA 15,718 27,842 33,574 49,673 48,444 24,187 27,354 29,317 Bilateral 70,233 84,158 81,013 82,649 63,365 45,710 48,118 46,683 Private creditors 35,514 36,440 25,957 31,433 33,986 29,368 31,885 30,161 of which: Bonds 301 4,784 9,150 8,803 8,575 6,992 9,573 9,488 Commercial banks 13,861 12,566 8,429 16,607 19,794 17,633 18,173 17,328 Private nonguaranteed 5,276 11,804 11,376 8,363 8,096 8,697 15,647 18,569 of which: Bonds 0 350 1,360 0 1,307 1,484 5,280 4,295 Disbursements 9,640 11,022 9,559 12,444 15,893 12,868 24,337 15,635 Public and publicly guaranteed 9,010 10,274 7,440 10,582 12,633 9,693 16,908 9,744 Official creditors 7,112 5,884 4,122 6,190 6,181 6,360 8,054 6,840 Multilateral 4,538 4,206 3,351 4,899 4,871 4,694 5,318 4,743 of which: IBRD 808 274 75 33 14 1 31 44 IDA 2,025 2,390 2,193 3,036 2,943 2,749 3,004 2,771 Bilateral 2,574 1,678 771 1,291 1,310 1,667 2,736 2,097 Private creditors 1,898 4,390 3,318 4,392 6,452 3,333 8,854 2,903 of which: Bonds 0 541 765 1,000 0 2,076 3,450 0 Commercial banks 378 1,623 1,752 3,053 6,091 820 5,124 2,589 Private nonguaranteed 630 748 2,119 1,862 3,260 3,175 7,428 5,892 of which: Bonds 0 350 712 0 1,307 0 5,762 0 Principal repayments 4,619 7,050 8,563 7,311 11,485 17,097 11,760 11,076 Public and publicly guaranteed 4,153 5,805 7,161 6,282 10,776 14,589 9,762 8,838 Official creditors 2,539 2,975 3,443 3,817 6,728 8,593 3,302 4,776 Multilateral 1,342 2,015 1,627 1,470 1,552 1,845 1,850 2,364 of which: IBRD 719 1,055 550 339 286 284 406 618 IDA 51 120 225 249 248 503 277 519 Bilateral 1,197 960 1,816 2,346 5,176 6,748 1,452 2,412 Private creditors 1,614 2,830 3,718 2,465 4,048 5,996 6,461 4,063 of which: Bonds 31 40 480 370 1 1,742 1,222 0 Commercial banks 997 1,261 2,442 1,486 3,497 3,145 4,320 3,343 Private nonguaranteed 466 1,245 1,402 1,029 710 2,508 1,998 2,241 of which: Bonds 0 0 0 0 0 0 1,390 985 Interest payments 4,348 3,974 3,326 2,684 7,364 3,499 3,791 4,344 Public and publicly guaranteed 4,017 3,469 2,920 2,499 7,014 3,064 3,246 3,306 Official creditors 2,695 2,006 1,831 1,587 5,908 1,498 1,817 1,807 Multilateral 1,104 1,233 841 849 764 741 1,071 905 of which: IBRD 649 629 213 76 53 47 339 107 IDA 97 178 199 317 313 272 188 257 Bilateral 1,592 772 990 738 5,144 757 746 901 Private creditors 1,321 1,463 1,089 912 1,106 1,566 1,429 1,499 of which: Bonds 13 322 561 584 517 552 539 659 Commercial banks 615 457 302 144 418 772 750 705 Private nonguaranteed 331 505 406 185 350 435 545 1,038 of which: Bonds 0 0 41 8 61 89 139 147 8. Debt stock-flow reconciliation Total change in external debt stocks 19,719 14,614 -3,502 8,703 -20,951 -43,951 .. Net flows on external debt 50 Non-debt flows (bill US$) 7,008 7,569 -1,575 250 6,630 7,636 Debt ratios (%) 4,571 18,085 8,289 Cross-currency valuation 7,646 910 -6,782 6,275 -13,552 -26,656 3,858 .. 9. Debt restructurings 200 Total amount rescheduled 5,987 3,489 22,630 3,548 1,187 789 1,033 .. Total amount forgiven 1,583 1,302 629 3,977 8,754 15,065 1,718 .. Debt buyback 0 29 137 0 0 0 1,222 .. 150 25 100 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 15 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 211,415 253,626 230,085 264,726 236,863 200,946 222,694 243,539 Long-term external debt 184,516 215,751 203,790 234,495 211,460 173,575 188,851 203,741 Public and publicly guaranteed 179,037 207,566 195,118 228,896 206,579 168,237 182,906 191,277 Private nonguaranteed 5,478 8,185 8,672 5,599 4,881 5,337 5,945 12,464 Use of IMF credit 7,092 9,732 8,743 9,477 7,769 5,148 5,361 9,201 Short-term external debt 19,807 28,143 17,552 20,754 17,634 22,223 28,482 30,597 interest arrears on long-term 6,980 16,167 7,350 10,702 7,064 7,737 8,401 7,759 Memorandum items Principal arrears on long-term 14,268 41,284 18,155 19,561 17,245 18,798 20,558 20,389 Long-term public sector debt 178,249 206,750 194,384 228,584 206,348 168,096 182,765 185,902 Long-term private sector debt 6,266 9,000 9,406 5,911 5,112 5,478 6,086 17,839 Public & publicly guaranteed commitments 15,042 12,088 8,672 14,505 15,616 15,185 16,290 5,486 External debt flows Disbursements 12,253 15,590 9,668 13,754 13,743 13,992 16,278 27,773 Long-term external debt 11,487 12,030 8,955 12,705 13,280 13,506 15,786 22,814 IMF purchases 765 3,560 713 1,048 463 487 491 4,959 Principal repayments 6,783 10,090 8,482 9,893 10,731 12,744 8,023 10,207 Long-term external debt 5,498 7,526 7,518 8,355 9,597 12,219 7,499 9,279 IMF repurchases 1,285 2,564 964 1,538 1,133 525 524 924 Net flows 7,689 7,896 223 5,137 3,530 5,164 13,820 16,968 Long-term external debt 5,990 4,504 1,437 4,351 3,682 1,286 8,287 13,531 IMF flows -944 -591 -190 -588 -404 -26 -32 4,035 Short-term external debt 2,219 2,395 -964 1,276 518 3,916 5,565 -599 Interest payments 5,896 5,149 4,524 3,317 7,871 3,519 4,465 5,954 Long-term external debt 4,724 4,052 3,750 2,985 7,412 2,926 3,604 4,051 IMF charges 305 561 121 59 44 54 28 507 Short-term external debt 867 537 652 274 415 539 833 1,396 2. Other non-debt resource flows Foreign direct investment (net) 2,136 5,713 6,121 10,400 12,376 21,478 31,995 .. Portfolio equity flows 7 6 39 65 632 2,536 12,429 .. Profit remittances on FDI 1,438 3,018 4,797 8,728 15,720 9,461 26,393 .. Debt forgiveness grants .. .. 1,671 3,595 8,712 42,211 4,942 .. IDA grants .. .. .. 1,069 1,082 1,033 1,775 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 16.3 13.4 12.9 13.1 .. Japanese yen 7.9 10.6 10.8 12.0 11.0 12.4 12.1 .. Pound sterling 4.4 3.1 1.6 3.7 3.0 0.8 0.8 .. Swiss franc 0.9 0.6 0.4 0.6 0.5 0.4 0.3 .. U.S.dollars 32.0 33.4 55.0 46.2 49.5 47.8 46.6 .. 4. Average terms of new commitments Official creditors Interest (%) 3.4 2.8 2.0 1.2 1.4 2.0 1.7 .. Maturity (years) 29.1 29.1 33.0 34.2 32.6 30.9 33.4 .. Grace period (years) 7.8 8.2 8.5 8.7 8.5 7.7 4.6 .. Private creditors Interest (%) 7.8 6.1 5.7 3.6 5.9 4.5 5.7 .. Maturity (years) 12.4 6.8 10.1 9.3 8.0 18.8 8.8 .. Grace period (years) 3.0 1.7 3.0 4.3 7.5 9.6 7.6 .. 5. Major economic aggregates Gross national income (GNI) 254,096 291,271 355,653 500,477 577,472 676,765 769,820 .. Exports of goods, services & income 61,975 79,576 108,631 180,116 223,001 267,583 308,479 .. Worker remit. & comp. of employees 5,218 6,207 8,250 19,616 23,894 30,940 39,940 .. Imports of goods & services 76,322 108,838 116,811 187,844 230,670 275,064 337,557 .. International reserves 11,979 18,247 31,590 67,191 80,583 107,353 134,870 .. 6. Ratios External debt stocks to exports (%) 341.1 318.7 211.8 147.0 106.2 75.1 72.2 .. External debt stocks to GNI (%) 83.2 87.1 64.7 52.9 41.0 29.7 28.9 .. Debt service to exports (%) 20.5 19.2 12.0 7.3 8.3 6.1 4.0 .. Short-term to external debt stocks (%) 9.4 11.1 7.6 7.8 7.4 11.1 12.8 12.6 Multilateral to external debt stocks (%) 24.4 30.4 36.8 44.3 48.1 44.8 45.3 43.8 Reserves to external debt stocks (%) 5.7 7.2 13.7 25.4 34.0 53.4 60.6 .. Reserves to imports (months) 1.9 2.0 3.2 4.3 4.2 4.7 4.8 .. 16 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 184,516 215,751 203,790 234,495 211,460 173,575 188,851 203,741 Public and publicly guaranteed 179,037 207,566 195,118 228,896 206,579 168,237 182,906 191,277 Official creditors 149,695 187,088 178,836 215,951 193,492 156,190 170,016 177,571 Multilateral 51,487 77,148 84,564 117,177 114,022 89,961 100,781 106,734 of which: IBRD 10,014 10,059 6,532 5,207 4,549 4,317 3,925 3,202 IDA 23,044 38,483 47,090 71,762 70,536 49,637 56,002 59,016 Bilateral 98,208 109,940 94,272 98,773 79,470 66,230 69,235 70,837 Private creditors 29,343 20,478 16,283 12,945 13,087 12,047 12,890 13,706 of which: Bonds 338 2,330 5,583 2,598 3,814 3,146 4,620 4,594 Commercial banks 12,203 5,977 4,937 5,082 4,697 4,810 4,875 6,258 Private nonguaranteed 5,478 8,185 8,672 5,599 4,881 5,337 5,945 12,464 of which: Bonds 0 45 295 0 600 850 1,025 1,025 Disbursements 11,487 12,030 8,955 12,705 13,280 13,506 15,786 22,814 Public and publicly guaranteed 10,585 10,864 8,681 11,262 11,631 11,992 14,394 15,994 Official creditors 9,339 9,490 8,054 10,048 9,853 10,699 12,587 14,004 Multilateral 6,330 6,485 5,724 8,171 8,369 8,731 10,106 10,148 of which: IBRD 1,132 707 284 39 262 206 204 68 IDA 2,693 3,119 3,022 5,164 4,775 4,604 5,582 4,512 Bilateral 3,009 3,005 2,330 1,877 1,484 1,968 2,481 3,856 Private creditors 1,247 1,374 628 1,214 1,778 1,293 1,807 1,990 of which: Bonds 0 0 0 500 1,350 800 1,500 0 Commercial banks 223 712 208 288 183 175 155 1,835 Private nonguaranteed 902 1,166 274 1,443 1,649 1,514 1,392 6,819 of which: Bonds 0 0 0 0 600 250 175 0 Principal repayments 5,498 7,526 7,518 8,355 9,597 12,219 7,499 9,279 Public and publicly guaranteed 4,936 6,637 6,450 7,112 8,615 11,382 6,473 8,406 Official creditors 3,471 4,914 4,739 5,924 7,568 9,018 5,173 7,335 Multilateral 1,601 2,578 2,542 3,528 2,627 3,062 3,203 4,235 of which: IBRD 695 1,133 715 622 586 545 760 936 IDA 85 225 402 586 591 936 732 999 Bilateral 1,870 2,336 2,197 2,396 4,941 5,956 1,970 3,101 Private creditors 1,465 1,723 1,711 1,188 1,046 2,364 1,300 1,071 of which: Bonds 31 62 46 229 135 1,467 26 26 Commercial banks 913 507 878 273 243 242 303 334 Private nonguaranteed 562 889 1,068 1,242 983 838 1,026 877 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 4,724 4,052 3,750 2,985 7,412 2,926 3,604 4,051 Public and publicly guaranteed 4,336 3,661 3,225 2,739 7,099 2,611 3,207 3,272 Official creditors 3,073 2,818 2,384 2,425 6,673 2,136 2,783 2,736 Multilateral 1,283 1,720 1,287 1,233 1,202 1,238 1,658 1,432 of which: IBRD 695 776 384 168 155 170 476 210 IDA 147 273 301 498 499 465 399 459 Bilateral 1,790 1,098 1,097 1,192 5,471 899 1,126 1,305 Private creditors 1,263 843 841 314 426 475 424 535 of which: Bonds 16 144 365 139 238 310 243 297 Commercial banks 596 155 262 45 60 58 96 152 Private nonguaranteed 389 390 525 245 313 315 397 779 of which: Bonds 0 2 16 0 3 52 74 72 8. Debt stock-flow reconciliation Total change in external debt stocks 23,139 11,286 -16,959 10,194 -27,863 -35,916 .. Net flows on external debt Non-debt flows (bill US$) 7,689 50 7,896 250 223 5,137 Debt ratios (%) 3,530 5,164 13,820 19,257 Cross-currency valuation 10,681 -1,270 -10,072 7,480 -18,247 -25,065 6,456 .. 9. Debt restructurings 200 Total amount rescheduled 5,117 1,824 22,868 724 1,419 1,494 263 .. Total amount forgiven 1,562 1,290 640 2,864 8,434 11,893 534 .. Debt buyback 0 29 137 0 0 0 0 .. 150 25 100 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 17 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 1. Summary external debt data External debt stocks 1,071,714 1,632,033 1,947,667 2,371,725 2,396,182 2,657,486 3,243,350 3,398,497 Long-term external debt 870,171 1,281,504 1,620,959 1,845,050 1,837,205 2,021,892 2,413,458 2,581,953 Public and publicly guaranteed 816,145 1,078,726 1,109,336 1,237,764 1,124,708 1,066,316 1,129,584 1,215,586 Private nonguaranteed 54,026 202,778 511,623 607,286 712,498 955,576 1,283,874 1,366,368 Use of IMF credit 26,894 50,068 49,489 86,541 41,411 14,710 10,179 16,592 Short-term external debt 174,649 300,461 277,219 440,134 517,567 620,883 819,713 799,952 interest arrears on long-term 45,243 26,245 21,536 36,809 28,141 25,306 26,407 27,098 Memorandum items Principal arrears on long-term 44,399 58,836 34,129 54,991 39,682 39,014 40,332 42,520 Long-term public sector debt 810,929 1,073,711 1,102,754 1,230,603 1,117,683 1,059,580 1,122,384 1,106,535 Long-term private sector debt 59,242 207,793 518,205 614,448 719,522 962,312 1,291,074 1,475,418 Public & publicly guaranteed commitments 99,389 128,795 138,448 125,057 146,218 119,704 146,681 137,878 External debt flows Disbursements 110,012 195,237 239,211 347,572 415,476 493,747 669,882 559,763 Long-term external debt 102,812 170,977 229,810 341,674 411,978 490,120 668,360 549,574 IMF purchases 7,201 24,260 9,401 5,898 3,498 3,627 1,522 9,654 Principal repayments 71,986 113,029 233,963 303,881 353,616 399,467 381,638 379,201 Long-term external debt 65,434 105,560 214,323 283,802 310,652 369,172 375,008 375,979 IMF repurchases 6,553 7,469 19,640 20,079 42,964 30,295 6,630 2,837 Net flows 49,843 135,226 -915 110,887 147,961 200,431 485,168 164,911 Long-term external debt 37,378 65,417 15,487 57,872 101,326 120,948 293,352 173,745 IMF flows -387 18,497 -10,247 -14,151 -39,384 -26,749 -5,093 6,817 Short-term external debt 11,817 53,019 -6,164 67,196 86,101 106,151 196,924 -15,652 Interest payments 55,135 81,668 110,826 95,161 102,181 120,735 145,899 160,833 Long-term external debt 44,382 65,181 92,513 78,513 82,739 96,975 115,235 123,206 IMF charges 2,136 2,115 2,742 3,403 3,233 1,569 697 466 Short-term external debt 8,618 14,372 15,571 13,245 16,210 22,191 29,966 37,161 2. Other non-debt resource flows Foreign direct investment (net) 21,382 92,902 153,827 205,581 266,771 336,937 487,988 .. Portfolio equity flows 3,383 13,991 14,098 38,684 67,433 101,780 126,164 .. Profit remittances on FDI 14,793 34,730 63,658 119,547 159,573 219,515 271,286 .. Debt forgiveness grants .. .. 1,306 3,621 16,670 15,012 9,236 .. IDA grants .. .. .. 15 80 157 137 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 18.4 16.1 17.8 18.6 .. Japanese yen 11.3 13.2 12.0 10.3 9.8 10.1 9.3 .. Pound sterling 2.1 1.3 0.9 0.9 0.8 0.8 0.7 .. Swiss franc 2.2 1.2 0.5 0.6 0.7 0.8 0.8 .. U.S.dollars 46.0 50.1 63.4 64.2 67.4 65.6 66.0 .. 4. Average terms of new commitments Official creditors Interest (%) 6.0 6.3 5.3 2.9 4.1 4.5 3.9 .. Maturity (years) 20.9 17.7 17.7 18.9 19.2 20.4 19.6 .. Grace period (years) 6.3 4.9 4.5 5.2 4.9 5.7 5.5 .. Private creditors Interest (%) 8.5 6.5 8.2 5.7 6.0 6.2 6.3 .. Maturity (years) 11.7 7.4 11.0 10.6 12.3 13.0 12.9 .. Grace period (years) 5.0 3.5 8.4 8.6 10.2 10.6 10.4 .. 5. Major economic aggregates Gross national income (GNI) 3,404,237 4,708,968 5,423,005 7,643,088 9,081,136 10,719,315 13,055,932 .. Exports of goods, services & income 634,835 1,138,335 1,656,318 2,714,136 3,342,176 4,088,000 4,955,212 .. Worker remit. & comp. of employees 25,346 50,132 74,822 143,129 168,876 195,340 237,816 .. Imports of goods & services 663,524 1,231,423 1,648,956 2,594,858 3,110,294 3,735,414 4,563,281 .. International reserves 170,770 436,730 640,439 1,548,246 1,928,382 2,545,616 3,616,667 .. 6. Ratios External debt stocks to exports (%) 168.8 143.4 117.6 87.4 71.7 65.0 65.5 .. External debt stocks to GNI (%) 31.5 34.7 35.9 31.0 26.4 24.8 24.8 .. Debt service to exports (%) 20.0 17.1 20.8 14.7 13.6 12.7 10.6 .. Short-term to external debt stocks (%) 16.3 18.4 14.2 18.6 21.6 23.4 25.3 23.5 Multilateral to external debt stocks (%) 13.8 12.4 12.5 11.4 10.9 9.7 8.4 8.4 Reserves to external debt stocks (%) 15.9 26.8 32.9 65.3 80.5 95.8 111.5 .. Reserves to imports (months) 3.1 4.3 4.7 7.2 7.4 8.2 9.5 .. 18 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2004 2005 2006 2007 2008 7. Long-term external debt Debt outstanding and disbursed 870,171 1,281,504 1,620,959 1,845,050 1,837,205 2,021,892 2,413,458 2,581,953 Public and publicly guaranteed 816,145 1,078,726 1,109,336 1,237,764 1,124,708 1,066,316 1,129,584 1,215,586 Official creditors 383,016 595,188 580,331 596,545 524,615 485,533 500,069 506,593 Multilateral 147,724 202,698 243,355 269,950 260,994 258,499 272,218 284,967 of which: IBRD 80,179 98,062 104,133 99,548 94,540 91,172 92,933 96,628 IDA 21,880 32,969 39,677 52,735 51,158 49,028 52,842 52,082 Bilateral 235,292 392,490 336,976 326,595 263,621 227,034 227,851 221,625 Private creditors 433,128 483,537 529,005 641,219 600,093 580,783 629,515 708,993 of which: Bonds 98,841 226,107 343,622 432,813 397,865 404,455 443,226 457,107 Commercial banks 221,702 141,419 122,810 162,257 162,140 141,005 154,902 186,291 Private nonguaranteed 54,026 202,778 511,623 607,286 712,498 955,576 1,283,874 1,366,368 of which: Bonds 347 50,973 92,622 124,958 157,409 198,798 257,371 265,646 Disbursements 102,812 170,977 229,810 341,674 411,978 490,120 668,360 549,574 Public and publicly guaranteed 86,473 117,938 128,637 133,763 134,695 125,080 145,186 123,776 Official creditors 39,104 55,260 44,872 36,867 36,148 44,208 44,640 48,221 Multilateral 20,210 24,735 28,978 25,046 25,895 31,087 31,974 33,320 of which: IBRD 12,003 12,086 13,024 10,294 9,312 12,166 10,414 13,810 IDA 1,651 2,355 2,197 2,670 2,340 2,111 1,759 2,092 Bilateral 18,893 30,525 15,893 11,822 10,252 13,121 12,667 14,900 Private creditors 47,369 62,678 83,766 96,895 98,548 80,872 100,546 75,555 of which: Bonds 4,236 22,286 56,284 59,433 62,747 52,684 66,757 37,479 Commercial banks 14,669 21,896 18,738 33,555 31,796 23,801 30,042 34,385 Private nonguaranteed 16,339 53,039 101,173 207,911 277,283 365,040 523,174 426,333 of which: Bonds 291 14,063 11,582 34,846 49,964 51,433 83,553 30,142 Principal repayments 65,434 105,560 214,323 283,802 310,652 369,172 375,008 375,979 Public and publicly guaranteed 58,794 80,027 110,296 124,790 144,574 182,909 117,032 105,617 Official creditors 18,249 38,009 43,457 52,069 69,366 90,128 46,815 45,338 Multilateral 10,080 17,242 20,163 26,801 24,217 33,744 23,273 23,279 of which: IBRD 7,106 10,256 8,898 14,403 11,688 16,900 10,373 10,128 IDA 161 317 545 960 1,043 1,116 1,218 1,294 Bilateral 8,169 20,767 23,294 25,268 45,149 56,385 23,542 22,060 Private creditors 40,545 42,018 66,838 72,721 75,208 92,781 70,217 60,279 of which: Bonds 4,240 11,028 32,737 34,466 41,741 58,523 40,157 28,900 Commercial banks 19,359 14,953 22,832 30,609 25,406 25,424 23,671 18,909 Private nonguaranteed 6,640 25,533 104,027 159,012 166,078 186,263 257,976 270,746 of which: Bonds 0 4,042 15,032 24,101 16,582 18,562 26,408 28,215 Interest payments 44,382 65,181 92,513 78,513 82,739 96,975 115,235 123,206 Public and publicly guaranteed 40,231 54,530 61,146 53,677 56,218 55,095 57,189 59,965 Official creditors 14,945 25,746 24,156 19,378 17,276 17,712 17,118 17,563 Multilateral 8,975 11,566 13,973 9,540 9,414 10,506 11,240 10,512 of which: IBRD 6,056 6,962 7,141 3,912 3,958 4,742 5,107 3,991 IDA 154 230 276 398 400 373 375 345 Bilateral 5,970 14,180 10,183 9,839 7,862 7,206 5,878 7,051 Private creditors 25,287 28,784 36,991 34,299 38,942 37,383 40,070 42,402 of which: Bonds 4,084 14,944 24,732 25,534 29,809 27,962 29,959 30,091 Commercial banks 15,471 7,708 8,846 6,905 7,640 7,945 8,323 10,355 Private nonguaranteed 4,151 10,651 31,366 24,836 26,521 41,880 58,046 63,241 of which: Bonds 3 3,169 7,953 8,525 9,520 15,062 17,297 17,696 8. Debt stock-flow reconciliation Total change in external debt stocks 74,880 157,244 -43,062 155,775 24,457 261,303 .. Net flows on external debt 750 Non-debt flows (bill US$)49,843 135,226 150 -915 110,887 147,961 Debt ratios200,431 (%) 485,168 298,361 Cross-currency valuation 34,091 2,144 -41,113 28,681 -57,792 21,426 41,179 .. 9. Debt restructurings Total amount rescheduled 73,947 29,960 37,811 6,866 29,714 4,075 2,095 .. Total amount forgiven 11,041 954 291 1,968 1,427 73,626 2,526 .. 100 Debt buyback 500 4,359 132 16,879 0 316 203 3,566 .. 250 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007 Portfolio equity flows Foreign direct investment Debt to exports Reserves to debt 19 Country tables 21 AFGHANISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. .. .. .. .. .. 1,654 2,041 Long-term external debt .. .. .. .. .. .. 1,635 1,961 Public and publicly guaranteed .. .. .. .. .. .. 1,635 1,961 Private nonguaranteed .. .. .. .. .. .. 0 0 Use of IMF credit .. 0 0 0 0 0 0 59 Short-term external debt .. .. .. .. .. .. 18 21 interest arrears on long-term .. .. .. .. .. .. 18 21 Memorandum items Principal arrears on long-term .. .. .. .. .. .. 87 89 Long-term public sector debt .. .. .. .. .. .. 1,635 1,961 Long-term private sector debt .. .. .. .. .. .. 0 0 Public & publicly guaranteed commitments .. .. .. .. .. .. 130 37 External debt flows Disbursements .. .. .. .. .. .. 146 202 Long-term external debt .. .. .. .. .. .. 146 147 IMF purchases .. 0 0 0 0 0 0 55 Principal repayments .. .. .. .. .. .. 3 4 Long-term external debt .. .. .. .. .. .. 3 4 IMF repurchases .. 0 0 0 0 0 0 0 Net flows .. .. .. .. .. .. 143 198 Long-term external debt .. .. .. .. .. .. 143 143 IMF flows .. 0 0 0 0 0 0 0 Short-term external debt .. .. .. .. .. .. 0 0 Interest payments .. .. .. .. .. .. 6 16 Long-term external debt .. .. .. .. .. .. 6 16 IMF charges .. 0 0 0 0 0 0 0 Short-term external debt .. .. .. .. .. .. 0 0 2. Other non-debt resource flows Foreign direct investment (net) .. .. .. .. .. .. 242 288 Portfolio equity flows .. .. .. .. .. .. 0 0 Profit remittances on FDI .. .. .. .. .. .. 0 0 Grants (excluding technical coop.) .. .. .. .. .. .. 2,052 3,212 of which: Debt forgiveness grants .. .. .. .. .. .. 0 31 IDA grants .. .. .. 62 95 200 104 287 Memo: technical coop. grants .. .. .. .. .. .. 844 518 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. .. .. .. 0.0 0.0 Japanese yen .. .. .. .. .. .. 0.0 0.0 Pound sterling .. .. .. .. .. .. 1.5 1.3 Swiss franc .. .. .. .. .. .. 0.0 0.0 U.S.dollars .. .. .. .. .. .. 79.6 68.2 4. Average terms of new commitments Official creditors Interest (%) .. .. .. .. .. .. 1.2 1.4 Maturity (years) .. .. .. .. .. .. 39.8 31.6 Grace period (years) .. .. .. .. .. .. 10.3 8.1 Private creditors Interest (%) .. .. .. .. .. .. 0.0 0.0 Maturity (years) .. .. .. .. .. .. 0.0 0.0 Grace period (years) .. .. .. .. .. .. 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. .. .. .. .. .. 8,405 .. Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. 0 0 Imports of goods & services .. .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) .. .. .. .. .. .. 19.7 .. Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) .. .. .. .. .. .. 1.1 1.0 Multilateral to external debt stocks (%) .. .. .. .. .. .. 39.5 47.4 Reserves to external debt stocks (%) .. .. .. .. .. .. 0.0 0.0 Reserves to imports (months) .. .. .. .. .. .. .. .. 22 AFGHANISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. .. .. .. .. .. 1,635 1,961 Public and publicly guaranteed .. .. .. .. .. .. 1,635 1,961 Official creditors .. .. .. .. .. .. 1,635 1,961 Multilateral .. .. .. .. .. .. 654 968 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 86 227 294 343 411 Bilateral .. .. .. .. .. .. 981 993 Private creditors .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 Commercial banks .. .. .. .. .. .. 0 0 Private nonguaranteed .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 Disbursements .. .. .. .. .. .. 146 147 Public and publicly guaranteed .. .. .. .. .. .. 146 147 Official creditors .. .. .. .. .. .. 146 147 Multilateral .. .. .. .. .. .. 107 140 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 35 135 84 39 44 Bilateral .. .. .. .. .. .. 40 7 Private creditors .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 Commercial banks .. .. .. .. .. .. 0 0 Private nonguaranteed .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 Principal repayments .. .. .. .. .. .. 3 4 Public and publicly guaranteed .. .. .. .. .. .. 3 4 Official creditors .. .. .. .. .. .. 3 4 Multilateral .. .. .. .. .. .. 3 4 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 25 3 3 3 3 Bilateral .. .. .. .. .. .. 0 0 Private creditors .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 Commercial banks .. .. .. .. .. .. 0 0 Private nonguaranteed .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 Interest payments .. .. .. .. .. .. 6 16 Public and publicly guaranteed .. .. .. .. .. .. 6 16 Official creditors .. .. .. .. .. .. 6 16 Multilateral .. .. .. .. .. .. 6 6 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 6 2 3 3 3 Bilateral .. .. .. .. .. .. 0 9 Private creditors .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 Commercial banks .. .. .. .. .. .. 0 0 Private nonguaranteed .. .. .. .. .. .. 0 0 of which: Bonds .. .. .. .. .. .. 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. .. .. .. .. 1,047 388 Net flows on external debt .. .. .. .. .. .. 143 198 Cross-currency valuation .. .. .. .. .. .. 25 31 9. Debt restructurings Total amount rescheduled .. .. .. .. .. .. 857 0 Total amount forgiven .. .. .. .. .. .. 0 1 Debt buyback .. .. .. .. .. .. 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 4 4 4 4 9 25 36 50 Interest 28 30 30 31 31 32 32 32 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: The 2006 data are World Bank staff estimates based on reports provided by the country. The effects of the 2006 Paris Club rescheduling, and debt forgiveness from Russian Federation are reflected in the 2006 data. 23 ALBANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. 456 1,061 1,484 1,547 1,837 2,327 2,776 Long-term external debt .. 330 936 1,244 1,449 1,457 1,659 1,859 Public and publicly guaranteed .. 330 921 1,232 1,403 1,372 1,575 1,787 Private nonguaranteed .. 0 15 12 46 84 84 72 Use of IMF credit .. 65 88 90 97 92 93 90 Short-term external debt .. 62 37 149 1 288 575 827 interest arrears on long-term .. 2 3 1 1 1 1 1 Memorandum items Principal arrears on long-term .. 27 271 16 16 16 16 17 Long-term public sector debt .. 330 920 1,228 1,403 1,372 1,575 1,787 Long-term private sector debt .. 0 16 16 46 84 84 72 Public & publicly guaranteed commitments .. 183 173 167 281 181 311 279 External debt flows Disbursements .. 80 138 147 197 163 191 179 Long-term external debt .. 70 120 136 185 151 184 171 IMF purchases .. 11 19 11 12 12 7 7 Principal repayments .. 2 16 38 52 50 91 81 Long-term external debt .. 0 9 28 42 41 80 67 IMF repurchases .. 1 7 10 9 9 11 14 Net flows .. -99 130 230 -3 400 386 271 Long-term external debt .. 69 110 108 142 110 103 105 IMF flows .. -1 0 0 0 0 4 4 Short-term external debt .. -178 8 120 -148 287 287 173 Interest payments .. 9 11 19 23 31 48 61 Long-term external debt .. 5 8 16 21 25 29 34 IMF charges .. 1 1 0 0 0 1 1 Short-term external debt .. 3 2 3 1 6 18 26 2. Other non-debt resource flows Foreign direct investment (net) .. 70 143 178 341 262 325 477 Portfolio equity flows .. 0 0 0 0 0 0 0 Profit remittances on FDI .. 4 0 1 0 2 5 6 Grants (excluding technical coop.) .. 77 161 112 109 154 148 148 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 33 54 145 92 90 99 83 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 28.9 29.4 28.2 31.2 35.3 Japanese yen .. 2.5 3.2 3.0 3.4 4.0 3.4 3.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 60.9 73.2 60.4 59.2 59.4 55.9 51.9 4. Average terms of new commitments Official creditors Interest (%) .. 3.4 3.5 1.8 2.3 2.3 3.4 4.3 Maturity (years) .. 25.4 29.7 27.1 19.8 20.4 20.2 20.6 Grace period (years) .. 7.5 10.5 11.9 7.6 7.4 6.6 5.3 Private creditors Interest (%) .. 3.0 0.0 0.0 0.0 0.0 0.3 5.3 Maturity (years) .. 22.7 0.0 0.0 0.0 0.0 29.9 11.2 Grace period (years) .. 11.7 0.0 0.0 0.0 0.0 18.8 1.7 5. Major economic aggregates Gross national income (GNI) .. 2,483 3,790 5,820 7,646 8,541 9,351 11,133 Exports of goods, services & income .. 760 1,350 2,140 2,839 3,208 3,805 3,432 Worker remit. & comp. of employees .. 427 598 889 1,161 1,290 1,359 1,071 Imports of goods & services .. 865 1,509 2,610 3,278 3,913 4,569 4,354 International reserves .. 265 646 1,038 1,388 1,440 1,813 2,162 Current account balance .. -12 -156 -407 -358 -571 -671 -831 6. Ratios External debt stocks to exports (%) .. 60.0 78.6 69.4 54.5 57.2 61.2 80.9 External debt stocks to GNI (%) .. 18.4 28.0 25.5 20.2 21.5 24.9 24.9 Debt service to exports (%) .. 1.4 2.0 2.6 2.6 2.5 3.7 4.1 Short-term to external debt stocks (%) .. 13.7 3.5 10.1 0.1 15.7 24.7 29.8 Multilateral to external debt stocks (%) .. 25.1 40.2 49.8 56.6 47.3 43.5 42.5 Reserves to external debt stocks (%) .. 58.1 60.9 70.0 89.7 78.4 77.9 77.9 Reserves to imports (months) .. 3.7 5.1 4.8 5.1 4.4 4.8 6.0 24 ALBANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. 330 936 1,244 1,449 1,457 1,659 1,859 Public and publicly guaranteed .. 330 921 1,232 1,403 1,372 1,575 1,787 Official creditors .. 305 899 1,209 1,380 1,350 1,552 1,765 Multilateral .. 115 426 739 876 868 1,013 1,179 of which: IBRD .. 0 0 0 0 0 0 6 IDA .. 109 346 583 677 655 729 803 Bilateral .. 190 473 469 503 482 539 586 Private creditors .. 25 22 23 23 22 23 22 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 1 Private nonguaranteed .. 0 15 12 46 84 84 72 of which: Bonds .. 0 0 0 0 0 0 0 Disbursements .. 70 120 136 185 151 184 171 Public and publicly guaranteed .. 70 120 136 148 116 168 165 Official creditors .. 70 120 136 148 116 168 163 Multilateral .. 48 101 107 113 82 115 131 of which: IBRD .. 0 0 0 0 0 0 5 IDA .. 43 64 61 67 34 46 48 Bilateral .. 22 19 30 35 34 53 32 Private creditors .. 0 0 0 0 0 0 2 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 1 Private nonguaranteed .. 0 0 0 36 35 15 7 of which: Bonds .. 0 0 0 0 0 0 0 Principal repayments .. 0 9 28 42 41 80 67 Public and publicly guaranteed .. 0 9 26 36 40 57 55 Official creditors .. 0 8 26 36 39 54 52 Multilateral .. 0 2 13 15 18 24 26 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 1 3 4 5 6 Bilateral .. 0 6 13 20 21 31 26 Private creditors .. 0 1 0 1 1 3 4 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 2 6 1 23 11 of which: Bonds .. 0 0 0 0 0 0 0 Interest payments .. 5 8 16 21 25 29 34 Public and publicly guaranteed .. 5 7 15 20 23 25 31 Official creditors .. 4 7 15 20 23 25 31 Multilateral .. 1 4 8 12 14 14 18 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 1 2 4 5 5 6 6 Bilateral .. 3 3 7 8 9 11 13 Private creditors .. 1 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 1 1 1 2 4 3 of which: Bonds .. 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. -427 352 366 63 289 490 370 Net flows on external debt .. -99 130 230 -3 400 386 271 Cross-currency valuation .. 8 -35 116 63 -121 85 100 9. Debt restructurings Total amount rescheduled .. 6 28 15 0 10 9 0 Total amount forgiven .. 0 0 0 4 0 2 0 Debt buyback .. 30 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 80 84 103 114 121 124 128 130 Interest 40 45 48 47 45 42 38 34 Private creditors Principal 10 11 11 11 9 9 9 15 Interest 3 3 3 3 2 2 2 1 Notes: Private nonguaranteed debt data are World Bank staff estimates. 25 ALGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 28,149 33,042 25,381 23,542 22,178 16,862 5,717 5,541 Long-term external debt 26,688 31,303 23,441 22,408 21,105 16,346 5,176 4,823 Public and publicly guaranteed 26,688 31,303 23,441 21,850 20,395 15,480 3,872 3,756 Private nonguaranteed 0 0 0 559 710 866 1,304 1,068 Use of IMF credit 670 1,478 1,718 988 643 0 0 0 Short-term external debt 791 261 222 146 431 516 541 717 interest arrears on long-term 0 3 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 1 0 0 0 0 0 0 Long-term public sector debt 26,608 31,214 23,319 21,677 20,190 15,306 3,812 3,648 Long-term private sector debt 80 89 122 732 914 1,040 1,364 1,175 Public & publicly guaranteed commitments 8,054 2,427 1,419 1,250 1,421 331 208 82 External debt flows Disbursements 7,017 4,157 1,215 1,932 2,112 1,239 842 424 Long-term external debt 7,017 3,683 1,215 1,932 2,112 1,239 842 424 IMF purchases 0 475 0 0 0 0 0 0 Principal repayments 6,780 2,419 2,814 3,216 4,706 5,062 12,796 1,211 Long-term external debt 6,780 2,248 2,722 2,778 4,334 4,450 12,796 1,211 IMF repurchases 0 171 93 439 372 612 0 0 Net flows -811 1,361 -1,573 -1,246 -2,308 -3,738 -11,929 -610 Long-term external debt 237 1,435 -1,507 -845 -2,222 -3,211 -11,953 -786 IMF flows 0 304 -93 -439 -372 -612 0 0 Short-term external debt -1,049 -378 27 38 285 85 25 176 Interest payments 2,025 1,832 1,655 1,085 1,033 921 626 235 Long-term external debt 1,784 1,741 1,552 1,057 1,001 888 610 213 IMF charges 62 69 92 24 22 18 1 0 Short-term external debt 179 22 10 4 10 15 15 22 2. Other non-debt resource flows Foreign direct investment (net) 0 0 438 634 882 1,081 1,795 1,665 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 151 0 0 0 0 0 0 0 Grants (excluding technical coop.) 45 70 62 71 99 149 119 158 of which: Debt forgiveness grants .. .. 0 0 0 38 24 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 106 101 76 146 189 198 198 227 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 37.6 42.0 40.5 58.3 60.8 Japanese yen 15.1 13.1 14.4 12.8 11.1 8.2 6.1 5.0 Pound sterling 1.5 0.9 1.0 1.7 2.0 1.4 0.0 0.0 Swiss franc 0.8 0.7 0.5 0.9 1.0 0.8 0.1 0.1 U.S.dollars 33.5 38.0 44.5 37.4 36.1 41.0 30.0 27.5 4. Average terms of new commitments Official creditors Interest (%) 7.0 6.2 6.2 2.0 3.0 3.2 0.5 0.9 Maturity (years) 16.8 11.7 14.9 14.0 13.3 12.9 16.8 14.7 Grace period (years) 4.0 3.3 4.1 4.3 3.3 3.6 3.2 7.7 Private creditors Interest (%) 8.9 7.2 6.2 2.9 4.0 2.6 3.5 0.5 Maturity (years) 6.6 8.9 7.4 6.5 11.1 9.6 12.0 2.0 Grace period (years) 2.0 1.9 1.9 1.5 2.2 2.0 3.1 0.6 5. Major economic aggregates Gross national income (GNI) 59,955 39,574 52,080 65,319 81,414 97,259 111,939 133,575 Exports of goods, services & income 13,887 .. .. .. .. .. .. .. Worker remit. & comp. of employees 352 1,120 790 1,750 2,460 2,060 1,610 2,120 Imports of goods & services 12,448 .. .. .. .. .. .. .. International reserves 2,703 4,164 13,556 35,455 45,692 59,167 81,463 114,972 Current account balance 1,420 .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 202.7 .. .. .. .. .. .. .. External debt stocks to GNI (%) 47.0 83.5 48.7 36.0 27.2 17.3 5.1 4.1 Debt service to exports (%) 63.4 .. .. .. .. .. .. .. Short-term to external debt stocks (%) 2.8 0.8 0.9 0.6 1.9 3.1 9.5 12.9 Multilateral to external debt stocks (%) 7.2 11.8 16.2 17.5 15.8 14.5 2.5 2.5 Reserves to external debt stocks (%) 9.6 12.6 53.4 150.6 206.0 350.9 1,425.0 2,075.1 Reserves to imports (months) 2.6 .. .. .. .. .. .. .. 26 ALGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 26,688 31,303 23,441 22,408 21,105 16,346 5,176 4,823 Public and publicly guaranteed 26,688 31,303 23,441 21,850 20,395 15,480 3,872 3,756 Official creditors 5,866 15,685 17,589 17,084 15,948 12,419 2,166 2,180 Multilateral 2,031 3,915 4,123 4,112 3,508 2,444 145 137 of which: IBRD 1,208 2,049 1,425 1,056 909 779 119 113 IDA 0 0 0 0 0 0 0 0 Bilateral 3,835 11,770 13,466 12,972 12,439 9,975 2,021 2,043 Private creditors 20,822 15,618 5,851 4,766 4,447 3,062 1,706 1,576 of which: Bonds 1,420 0 0 0 0 0 0 0 Commercial banks 5,851 4,529 2,508 1,802 1,454 1,038 59 76 Private nonguaranteed 0 0 0 559 710 866 1,304 1,068 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 7,017 3,683 1,215 1,932 2,112 1,239 842 424 Public and publicly guaranteed 7,017 3,683 1,215 1,482 1,828 776 391 166 Official creditors 1,835 1,596 795 699 907 446 252 108 Multilateral 612 932 349 566 424 358 54 6 of which: IBRD 300 554 58 50 40 31 16 6 IDA 0 0 0 0 0 0 0 0 Bilateral 1,223 664 446 133 483 88 199 102 Private creditors 5,182 2,087 420 783 921 330 138 58 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 206 222 0 25 9 8 34 20 Private nonguaranteed 0 0 0 451 285 463 451 259 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 6,780 2,248 2,722 2,778 4,334 4,450 12,796 1,211 Public and publicly guaranteed 6,780 2,248 2,722 2,766 4,118 4,222 12,644 646 Official creditors 1,174 671 1,056 1,535 2,702 2,849 10,942 252 Multilateral 312 454 351 521 1,201 1,190 2,396 16 of which: IBRD 130 260 172 202 189 156 677 12 IDA 0 0 0 0 0 0 0 0 Bilateral 862 217 705 1,014 1,500 1,658 8,546 236 Private creditors 5,606 1,577 1,666 1,231 1,417 1,373 1,702 394 of which: Bonds 16 278 0 0 0 0 0 0 Commercial banks 1,330 220 439 358 380 348 1,029 10 Private nonguaranteed 0 0 0 11 216 229 151 565 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 1,784 1,741 1,552 1,057 1,001 888 610 213 Public and publicly guaranteed 1,784 1,741 1,552 1,055 984 863 557 145 Official creditors 312 823 1,131 881 825 711 441 61 Multilateral 117 251 297 253 217 163 118 7 of which: IBRD 73 137 128 85 60 46 21 6 IDA 0 0 0 0 0 0 0 0 Bilateral 195 572 834 628 608 547 322 53 Private creditors 1,472 917 421 174 159 152 116 84 of which: Bonds 105 13 0 0 0 0 0 0 Commercial banks 526 251 146 42 37 34 30 2 Private nonguaranteed 0 0 0 3 17 25 53 68 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 912 2,809 -2,618 709 -1,363 -5,316 -11,145 -176 Net flows on external debt -811 1,361 -1,573 -1,246 -2,308 -3,738 -11,929 -610 Cross-currency valuation 1,669 687 -1,144 1,951 922 -1,590 775 254 9. Debt restructurings Total amount rescheduled 0 5,096 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 281 290 300 216 203 195 223 195 Interest 65 61 57 50 45 40 35 29 Private creditors Principal 733 567 319 261 300 142 108 76 Interest 107 75 50 37 27 19 14 11 Notes: Short-term debt is reported by the country. 27 ANGOLA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 8,592 11,500 9,408 8,695 9,341 12,646 10,384 12,738 Long-term external debt 7,603 9,543 8,085 7,620 8,147 10,332 8,247 10,474 Public and publicly guaranteed 7,603 9,543 8,085 7,620 8,147 10,332 8,247 10,474 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 989 1,958 1,323 1,075 1,194 2,314 2,136 2,264 interest arrears on long-term 204 1,232 874 891 671 575 165 98 Memorandum items Principal arrears on long-term 496 4,190 2,853 3,527 2,161 1,857 698 367 Long-term public sector debt 7,599 9,513 8,059 7,596 8,135 10,321 8,241 10,473 Long-term private sector debt 5 29 26 24 12 12 7 2 Public & publicly guaranteed commitments 523 426 1,033 3,295 5,291 14,742 2,036 4,378 External debt flows Disbursements 862 550 1,045 1,866 2,602 3,877 1,406 6,059 Long-term external debt 862 550 1,045 1,866 2,602 3,877 1,406 6,059 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 183 332 1,530 1,317 1,702 2,415 3,610 3,855 Long-term external debt 183 332 1,530 1,317 1,702 2,415 3,610 3,855 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 977 -90 -733 486 1,239 2,677 -1,971 2,391 Long-term external debt 679 218 -485 549 900 1,461 -2,203 2,204 IMF flows 0 0 0 0 0 0 0 0 Short-term external debt 298 -308 -248 -63 339 1,216 232 187 Interest payments 143 132 175 166 174 355 948 728 Long-term external debt 100 79 149 160 166 298 864 625 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 43 53 26 6 9 57 83 103 2. Other non-debt resource flows Foreign direct investment (net) -335 472 879 3,505 1,449 -1,304 -38 -893 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 314 386 929 1,264 1,950 3,406 5,278 7,268 Grants (excluding technical coop.) 192 328 206 412 365 325 302 297 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 3 6 16 25 Memo: technical coop. grants 36 73 47 80 70 81 73 44 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 7.8 11.3 7.5 5.5 5.8 Japanese yen 0.3 0.3 0.5 0.5 0.5 0.3 0.0 0.0 Pound sterling 1.4 0.9 1.0 1.2 1.2 0.8 0.2 0.1 Swiss franc 0.7 0.1 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 80.7 81.0 86.3 85.1 83.4 88.7 91.5 92.0 4. Average terms of new commitments Official creditors Interest (%) 5.7 8.1 0.8 3.5 3.1 6.3 1.1 0.4 Maturity (years) 14.1 9.9 39.8 17.1 13.5 13.9 10.9 12.1 Grace period (years) 3.7 0.4 10.3 4.1 1.5 2.0 1.5 2.7 Private creditors Interest (%) 7.7 8.1 5.0 3.6 2.9 6.6 8.0 6.3 Maturity (years) 7.7 8.6 3.1 6.1 6.8 7.7 9.0 6.8 Grace period (years) 1.8 0.4 1.3 0.5 0.6 1.3 0.8 1.0 5. Major economic aggregates Gross national income (GNI) 8,214 3,688 7,449 12,230 17,295 26,601 39,660 48,638 Exports of goods, services & income 4,003 3,852 8,222 9,722 13,831 24,312 33,492 44,740 Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services 4,161 4,302 7,454 10,540 13,151 19,201 22,612 35,116 International reserves .. 213 1,198 634 1,374 3,197 8,599 11,197 Current account balance -236 -295 796 -720 686 5,138 10,690 9,402 6. Ratios External debt stocks to exports (%) 214.6 298.6 114.4 89.4 67.5 52.0 31.0 28.5 External debt stocks to GNI (%) 104.6 311.9 126.3 71.1 54.0 47.5 26.2 26.2 Debt service to exports (%) 8.1 12.0 20.7 15.3 13.6 11.4 13.6 10.2 Short-term to external debt stocks (%) 11.5 17.0 14.1 12.4 12.8 18.3 20.6 17.8 Multilateral to external debt stocks (%) 0.7 1.7 3.1 4.0 4.1 2.9 3.8 3.3 Reserves to external debt stocks (%) 0.0 1.9 12.7 7.3 14.7 25.3 82.8 87.9 Reserves to imports (months) .. 0.6 1.9 0.7 1.3 2.0 4.6 3.8 28 ANGOLA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 7,603 9,543 8,085 7,620 8,147 10,332 8,247 10,474 Public and publicly guaranteed 7,603 9,543 8,085 7,620 8,147 10,332 8,247 10,474 Official creditors 1,839 2,226 2,703 2,319 3,300 4,007 3,493 4,184 Multilateral 57 191 294 349 379 371 396 416 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 81 226 291 318 319 347 365 Bilateral 1,782 2,035 2,409 1,970 2,921 3,636 3,098 3,767 Private creditors 5,765 7,316 5,382 5,301 4,847 6,325 4,754 6,291 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 143 873 2,625 2,884 3,471 5,048 3,928 5,488 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 862 550 1,045 1,866 2,602 3,877 1,406 6,059 Public and publicly guaranteed 862 550 1,045 1,866 2,602 3,877 1,406 6,059 Official creditors 169 119 34 151 561 521 690 1,124 Multilateral 5 30 24 10 25 34 21 10 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 30 24 5 19 30 18 8 Bilateral 164 89 10 142 536 487 669 1,114 Private creditors 693 431 1,011 1,714 2,041 3,355 717 4,935 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 17 396 1,010 1,712 1,969 3,236 573 4,801 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 183 332 1,530 1,317 1,702 2,415 3,610 3,855 Public and publicly guaranteed 183 332 1,530 1,317 1,702 2,415 3,610 3,855 Official creditors 59 24 268 87 523 631 1,316 456 Multilateral 4 2 27 6 9 8 15 7 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 4 6 5 5 5 Bilateral 56 22 241 81 515 623 1,302 449 Private creditors 123 308 1,262 1,229 1,178 1,784 2,294 3,399 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 8 108 1,149 995 957 1,654 1,699 3,253 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 100 79 149 160 166 298 864 625 Public and publicly guaranteed 100 79 149 160 166 298 864 625 Official creditors 19 12 36 13 22 103 406 210 Multilateral 2 1 28 3 4 4 7 3 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 2 3 3 3 2 Bilateral 16 12 8 10 18 99 398 207 Private creditors 81 67 113 147 144 195 459 414 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 33 93 124 100 160 328 352 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,303 207 -891 -44 646 3,305 -2,262 2,347 Net flows on external debt 977 -90 -733 486 1,239 2,677 -1,971 2,391 Cross-currency valuation 150 76 -78 189 79 -179 126 71 9. Debt restructurings Total amount rescheduled 252 437 0 196 985 0 2 21 Total amount forgiven 0 0 0 0 161 107 394 56 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 1,391 1,438 1,486 1,462 1,461 1,454 1,423 1,401 Interest 256 457 538 536 496 442 373 305 Private creditors Principal 1,387 1,042 1,038 1,005 873 814 541 181 Interest 376 311 257 200 142 90 42 16 29 ARGENTINA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 62,233 98,465 140,914 160,278 162,379 124,979 115,856 127,758 Long-term external debt 48,676 70,979 107,543 122,449 121,827 80,626 82,226 89,691 Public and publicly guaranteed 46,876 54,913 81,633 94,062 98,016 54,225 60,746 66,110 Private nonguaranteed 1,800 16,066 25,909 28,387 23,811 26,401 21,480 23,581 Use of IMF credit 3,083 6,131 5,056 15,523 14,091 9,513 0 0 Short-term external debt 10,473 21,355 28,315 22,306 26,461 34,841 33,630 38,067 interest arrears on long-term 7,590 0 0 11,959 16,461 7,735 7,452 8,839 Memorandum items Principal arrears on long-term 4,372 0 0 16,229 25,703 11,193 12,125 14,546 Long-term public sector debt 44,707 54,891 81,582 94,030 97,991 54,205 60,647 66,016 Long-term private sector debt 3,969 16,088 25,961 28,419 23,836 26,421 21,578 23,675 Public & publicly guaranteed commitments 572 8,381 11,986 4,441 1,334 2,462 5,747 4,173 External debt flows Disbursements 1,587 11,319 20,853 11,155 6,282 4,490 6,789 8,975 Long-term external debt 1,150 8,954 18,759 5,554 2,813 4,490 6,789 8,975 IMF purchases 437 2,365 2,094 5,601 3,469 0 0 0 Principal repayments 3,443 3,532 15,679 12,222 10,466 7,509 14,807 5,074 Long-term external debt 2,745 3,048 14,400 6,479 4,962 3,938 5,014 5,074 IMF repurchases 697 484 1,280 5,743 5,504 3,571 9,793 0 Net flows -1,856 21,972 4,074 -337 -4,531 14,087 -8,946 6,950 Long-term external debt -1,595 5,906 4,359 -925 -2,149 552 1,775 3,900 IMF flows -260 1,881 815 -142 -2,035 -3,571 -9,793 0 Short-term external debt 0 14,185 -1,100 730 -347 17,106 -928 3,050 Interest payments 2,716 5,322 11,163 2,074 2,362 2,954 4,089 4,449 Long-term external debt 2,208 4,320 9,236 1,270 1,550 2,100 2,959 2,899 IMF charges 277 274 195 504 554 510 83 0 Short-term external debt 231 727 1,732 299 258 344 1,047 1,550 2. Other non-debt resource flows Foreign direct investment (net) 1,836 5,609 10,418 1,652 4,125 5,265 5,537 6,462 Portfolio equity flows 0 1,552 -3,227 65 -86 -48 707 1,785 Profit remittances on FDI 637 2,129 3,086 1,626 3,712 5,456 7,112 7,283 Grants (excluding technical coop.) 21 36 31 40 34 29 48 59 of which: Debt forgiveness grants .. .. 0 9 0 0 0 3 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 71 84 53 65 62 61 55 52 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 29.6 30.7 36.6 36.6 37.8 Japanese yen 6.7 9.2 6.2 4.6 4.6 2.7 2.5 2.4 Pound sterling 1.1 0.2 0.6 0.4 0.4 0.1 0.1 0.1 Swiss franc 2.2 1.6 0.4 0.5 0.5 0.4 0.4 0.4 U.S.dollars 54.5 57.5 61.0 60.5 60.0 54.4 55.9 55.8 4. Average terms of new commitments Official creditors Interest (%) 6.5 6.5 7.2 3.8 3.1 4.2 5.5 5.7 Maturity (years) 19.2 16.3 18.2 11.9 16.0 17.3 20.3 20.6 Grace period (years) 4.0 4.7 4.8 3.8 4.2 4.6 5.0 5.4 Private creditors Interest (%) 6.0 7.4 10.0 0.0 0.0 5.0 5.7 5.5 Maturity (years) 8.4 4.8 11.6 0.0 0.0 8.4 11.1 28.5 Grace period (years) 1.3 4.6 11.6 0.0 0.0 3.7 6.0 19.0 5. Major economic aggregates Gross national income (GNI) 135,150 253,396 276,656 121,626 144,211 176,575 208,660 257,158 Exports of goods, services & income 16,654 29,396 38,747 37,779 43,855 51,716 60,693 73,265 Worker remit. & comp. of employees 0 56 86 274 312 432 541 604 Imports of goods & services 13,100 35,070 48,076 29,907 40,934 46,537 52,951 65,921 International reserves 6,222 15,979 25,152 14,157 19,660 28,082 32,022 46,149 Current account balance 4,552 -5,118 -8,981 8,140 3,212 5,281 7,706 7,122 6. Ratios External debt stocks to exports (%) 373.7 335.0 363.7 424.3 370.3 241.7 190.9 174.4 External debt stocks to GNI (%) 46.0 38.9 50.9 131.8 112.6 70.8 55.5 49.7 Debt service to exports (%) 37.0 30.1 69.3 37.8 29.3 20.2 31.1 13.0 Short-term to external debt stocks (%) 16.8 21.7 20.1 13.9 16.3 27.9 29.0 29.8 Multilateral to external debt stocks (%) 8.0 9.5 11.5 10.2 10.0 12.5 12.9 11.7 Reserves to external debt stocks (%) 10.0 16.2 17.8 8.8 12.1 22.5 27.6 36.1 Reserves to imports (months) 5.7 5.5 6.3 5.7 5.8 7.2 7.3 8.4 30 ARGENTINA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 48,676 70,979 107,543 122,449 121,827 80,626 82,226 89,691 Public and publicly guaranteed 46,876 54,913 81,633 94,062 98,016 54,225 60,746 66,110 Official creditors 11,226 20,658 20,484 21,358 21,472 20,344 20,177 20,535 Multilateral 5,007 9,373 16,235 16,381 16,271 15,571 14,977 14,904 of which: IBRD 2,609 4,913 8,789 7,508 7,447 6,881 6,206 5,674 IDA 0 0 0 0 0 0 0 0 Bilateral 6,219 11,285 4,249 4,977 5,200 4,774 5,200 5,630 Private creditors 35,650 34,255 61,149 72,704 76,544 33,881 40,569 45,576 of which: Bonds 11,514 32,670 60,622 72,167 75,976 33,373 40,018 44,978 Commercial banks 22,631 793 294 177 184 171 201 211 Private nonguaranteed 1,800 16,066 25,909 28,387 23,811 26,401 21,480 23,581 of which: Bonds 21 7,582 11,138 9,834 6,091 8,772 10,138 12,073 Disbursements 1,150 8,954 18,759 5,554 2,813 4,490 6,789 8,975 Public and publicly guaranteed 1,129 6,604 14,277 4,614 1,156 3,183 3,893 5,533 Official creditors 910 2,804 1,937 4,614 1,135 989 1,666 2,388 Multilateral 736 1,936 1,923 4,613 1,112 985 1,662 2,376 of which: IBRD 405 941 1,019 1,963 770 362 459 505 IDA 0 0 0 0 0 0 0 0 Bilateral 174 868 13 0 23 4 4 12 Private creditors 219 3,800 12,340 0 21 2,194 2,227 3,146 of which: Bonds 0 3,630 12,338 0 21 2,194 2,227 3,146 Commercial banks 183 105 2 0 0 0 0 0 Private nonguaranteed 21 2,350 4,482 940 1,656 1,307 2,896 3,441 of which: Bonds 21 834 1,408 0 896 540 896 2,241 Principal repayments 2,745 3,048 14,400 6,479 4,962 3,938 5,014 5,074 Public and publicly guaranteed 2,745 1,783 8,896 5,648 1,818 1,672 2,537 3,134 Official creditors 454 1,356 1,837 5,351 1,351 1,489 2,360 2,580 Multilateral 405 512 825 5,319 1,319 1,462 2,352 2,568 of which: IBRD 233 259 538 2,968 832 928 1,134 1,037 IDA 0 0 0 0 0 0 0 0 Bilateral 49 844 1,012 32 33 27 9 12 Private creditors 2,292 427 7,059 297 467 183 177 554 of which: Bonds 878 128 6,842 295 466 182 175 554 Commercial banks 1,342 158 162 0 0 0 1 0 Private nonguaranteed 0 1,265 5,503 831 3,143 2,266 2,477 1,941 of which: Bonds 0 631 2,309 0 1,565 680 1,303 606 Interest payments 2,208 4,320 9,236 1,270 1,550 2,100 2,959 2,899 Public and publicly guaranteed 2,064 3,435 7,196 1,152 702 1,392 1,309 1,617 Official creditors 456 1,374 1,589 1,007 666 751 842 867 Multilateral 375 617 1,256 983 660 747 838 863 of which: IBRD 181 306 701 382 233 288 346 350 IDA 0 0 0 0 0 0 0 0 Bilateral 81 757 334 24 5 5 4 4 Private creditors 1,608 2,062 5,606 145 36 641 467 750 of which: Bonds 973 1,960 5,465 145 36 640 466 750 Commercial banks 621 56 121 0 0 0 0 0 Private nonguaranteed 144 885 2,041 118 848 708 1,650 1,282 of which: Bonds 0 641 1,109 0 675 585 1,135 759 8. Debt stock-flow reconciliation Total change in external debt stocks -3,024 23,646 570 15,378 2,101 -37,399 -9,124 11,903 Net flows on external debt -1,856 21,972 4,074 -337 -4,531 14,087 -8,946 6,950 Cross-currency valuation 1,346 -153 -2,606 5,876 4,752 -6,234 2,609 2,856 9. Debt restructurings Total amount rescheduled 932 248 0 0 0 20,136 2,096 983 Total amount forgiven 0 0 0 0 0 0 3 0 Debt buyback 1,232 0 2,745 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 2,856 1,812 1,874 2,044 2,081 1,587 1,472 1,386 Interest 977 884 830 759 672 586 514 445 Private creditors Principal 8,121 4,515 3,679 2,819 2,910 1,263 1,808 8,739 Interest 2,702 2,395 2,346 2,160 2,014 1,908 1,850 1,802 Notes: Provincial debt, long-term private nonguaranteed debt data are World Bank staff estimates. Historical data revisions are due to the reversing process of converting to US$ the debt that was previously converted to Argentina Pesos. Includes the effects of June 2005 Bond restructuring. 31 ARMENIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. 371 916 1,864 1,970 1,842 2,004 2,888 Long-term external debt .. 298 697 1,245 1,342 1,368 1,533 2,271 Public and publicly guaranteed .. 298 675 877 961 923 1,037 1,272 Private nonguaranteed .. 0 21 368 381 446 496 999 Use of IMF credit .. 70 175 215 218 176 164 158 Short-term external debt .. 2 44 404 410 298 307 459 interest arrears on long-term .. 1 6 0 0 0 0 0 Memorandum items Principal arrears on long-term .. 75 4 0 0 0 0 0 Long-term public sector debt .. 298 675 877 961 923 1,037 1,272 Long-term private sector debt .. 0 21 368 381 446 496 999 Public & publicly guaranteed commitments .. 131 74 45 116 251 65 211 External debt flows Disbursements .. 148 84 135 166 177 175 751 Long-term external debt .. 102 84 107 138 168 165 741 IMF purchases .. 46 0 28 28 10 10 10 Principal repayments .. 3 31 88 116 104 80 82 Long-term external debt .. 3 15 62 81 69 49 58 IMF repurchases .. 0 16 26 35 34 31 24 Net flows .. 147 42 231 56 -38 104 821 Long-term external debt .. 100 69 45 56 98 116 683 IMF flows .. 46 -16 -10 -8 -2 0 0 Short-term external debt .. 1 -11 184 6 -112 9 152 Interest payments .. 8 15 28 53 35 70 107 Long-term external debt .. 7 9 18 39 23 59 91 IMF charges .. 2 3 1 1 1 1 1 Short-term external debt .. 0 2 9 12 11 11 15 2. Other non-debt resource flows Foreign direct investment (net) .. 25 104 121 248 239 453 699 Portfolio equity flows .. 0 0 0 1 1 -1 0 Profit remittances on FDI .. 0 22 35 147 170 244 332 Grants (excluding technical coop.) .. 91 61 54 63 87 57 129 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 39 94 94 97 84 103 41 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 7.5 7.6 8.0 8.8 9.1 Japanese yen .. 0.0 0.0 0.2 0.2 0.2 0.4 7.1 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 62.6 93.3 90.5 87.7 86.3 82.6 71.0 4. Average terms of new commitments Official creditors Interest (%) .. 1.3 0.8 0.8 0.8 0.8 0.8 1.4 Maturity (years) .. 32.6 35.7 39.7 39.4 39.6 32.2 25.0 Grace period (years) .. 9.2 10.2 10.4 10.2 10.0 10.3 8.8 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. 1,466 1,964 2,902 3,684 5,033 6,600 9,483 Exports of goods, services & income .. 366 560 1,079 1,511 1,931 2,209 2,682 Worker remit. & comp. of employees .. 65 87 162 435 498 658 846 Imports of goods & services .. 741 1,017 1,477 1,918 2,449 2,946 4,122 International reserves .. 111 314 502 548 669 1,072 1,659 Current account balance .. -218 -278 -189 -20 -52 -117 -590 6. Ratios External debt stocks to exports (%) .. 101.1 163.7 172.7 130.4 95.4 90.7 107.7 External debt stocks to GNI (%) .. 25.3 46.6 64.2 53.5 36.6 30.4 30.5 Debt service to exports (%) .. 3.1 8.2 10.8 11.2 7.2 6.8 7.0 Short-term to external debt stocks (%) .. 0.6 4.8 21.7 20.8 16.2 15.3 15.9 Multilateral to external debt stocks (%) .. 56.1 52.9 40.1 43.0 43.9 45.1 35.7 Reserves to external debt stocks (%) .. 30.0 34.3 26.9 27.8 36.3 53.5 57.4 Reserves to imports (months) .. 1.8 3.7 4.1 3.4 3.3 4.4 4.8 32 ARMENIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. 298 697 1,245 1,342 1,368 1,533 2,271 Public and publicly guaranteed .. 298 675 877 961 923 1,037 1,272 Official creditors .. 298 658 875 959 921 1,036 1,271 Multilateral .. 208 485 747 848 808 905 1,031 of which: IBRD .. 5 8 8 8 6 6 5 IDA .. 91 388 662 773 746 841 965 Bilateral .. 90 173 128 111 113 131 240 Private creditors .. 0 17 2 1 1 1 1 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 5 0 0 0 0 0 Private nonguaranteed .. 0 21 368 381 446 496 999 of which: Bonds .. 0 0 0 0 0 0 0 Disbursements .. 102 84 107 138 168 165 741 Public and publicly guaranteed .. 102 63 91 94 50 83 197 Official creditors .. 102 62 91 94 50 83 197 Multilateral .. 102 58 84 83 37 72 100 of which: IBRD .. 3 0 0 0 0 0 0 IDA .. 88 54 77 78 34 64 93 Bilateral .. 0 4 6 11 14 11 97 Private creditors .. 0 1 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 21 16 44 117 82 544 of which: Bonds .. 0 0 0 0 0 0 0 Principal repayments .. 3 15 62 81 69 49 58 Public and publicly guaranteed .. 3 15 55 51 16 17 17 Official creditors .. 3 13 46 51 16 17 17 Multilateral .. 0 8 18 18 14 15 15 of which: IBRD .. 0 0 1 1 1 1 1 IDA .. 0 0 0 1 3 6 7 Bilateral .. 3 5 28 33 2 2 2 Private creditors .. 0 2 9 1 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 7 30 53 32 42 of which: Bonds .. 0 0 0 0 0 0 0 Interest payments .. 7 9 18 39 23 59 91 Public and publicly guaranteed .. 7 9 10 8 9 9 10 Official creditors .. 7 9 10 8 9 9 10 Multilateral .. 7 8 7 7 8 8 8 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 3 4 6 6 6 7 Bilateral .. 0 1 4 1 2 2 2 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 8 31 14 49 81 of which: Bonds .. 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. 156 15 271 106 -127 162 884 Net flows on external debt .. 147 42 231 56 -38 104 821 Cross-currency valuation .. -6 -31 83 48 -87 56 58 9. Debt restructurings Total amount rescheduled .. 0 14 0 0 0 0 0 Total amount forgiven .. 0 0 0 0 0 0 0 Debt buyback .. 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 15 21 25 27 30 30 32 41 Interest 12 13 13 13 13 13 13 13 Private creditors Principal 59 74 94 81 148 138 136 135 Interest 49 53 55 60 122 122 122 122 33 AZERBAIJAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. 321 1,328 1,727 1,949 1,815 1,986 3,021 Long-term external debt .. 206 836 1,365 1,602 1,465 1,550 1,891 Public and publicly guaranteed .. 206 737 1,288 1,372 1,278 1,446 1,748 Private nonguaranteed .. 0 99 76 230 187 104 143 Use of IMF credit .. 101 336 259 208 164 134 103 Short-term external debt .. 14 156 103 138 186 302 1,027 interest arrears on long-term .. 6 0 0 0 0 0 0 Memorandum items Principal arrears on long-term .. 36 0 0 0 0 0 0 Long-term public sector debt .. 206 737 1,288 1,372 1,278 1,446 1,748 Long-term private sector debt .. 0 99 76 230 187 104 143 Public & publicly guaranteed commitments .. 188 202 112 127 220 412 726 External debt flows Disbursements .. 205 256 268 311 214 324 346 Long-term external debt .. 102 256 232 311 195 324 346 IMF purchases .. 103 0 36 0 19 0 0 Principal repayments .. 0 74 186 206 197 207 104 Long-term external debt .. 0 22 107 147 149 169 67 IMF repurchases .. 0 51 79 60 48 37 37 Net flows .. 207 309 103 139 64 233 1,014 Long-term external debt .. 102 234 125 164 45 155 279 IMF flows .. 103 -51 -63 -38 -24 -13 -11 Short-term external debt .. 2 127 21 35 48 116 772 Interest payments .. 10 56 23 26 34 38 63 Long-term external debt .. 9 37 17 20 25 28 44 IMF charges .. 1 14 3 3 2 2 1 Short-term external debt .. 0 5 3 4 6 8 18 2. Other non-debt resource flows Foreign direct investment (net) .. 330 130 3,285 3,556 1,680 -584 -4,749 Portfolio equity flows .. 0 0 0 0 0 1 2 Profit remittances on FDI .. 0 317 422 581 1,582 2,624 4,995 Grants (excluding technical coop.) .. 61 50 53 60 95 58 111 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 28 30 69 69 73 96 36 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 3.9 4.3 4.6 4.8 4.6 Japanese yen .. 0.0 20.8 33.1 31.5 29.2 25.1 21.6 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 6.5 7.3 6.3 4.8 3.9 3.2 U.S.dollars .. 51.4 65.8 52.1 53.6 56.2 58.8 60.8 4. Average terms of new commitments Official creditors Interest (%) .. 1.4 4.3 1.6 2.7 3.6 4.5 5.2 Maturity (years) .. 32.2 22.6 31.8 22.0 19.9 24.7 20.1 Grace period (years) .. 9.4 4.7 8.4 5.5 6.3 8.0 4.2 Private creditors Interest (%) .. 0.0 8.2 0.0 0.0 0.0 6.0 6.6 Maturity (years) .. 0.0 9.7 0.0 0.0 0.0 12.0 9.8 Grace period (years) .. 0.0 1.1 0.0 0.0 0.0 0.5 1.3 5. Major economic aggregates Gross national income (GNI) .. 3,039 4,987 6,834 7,980 11,599 18,302 26,169 Exports of goods, services & income .. 795 2,231 3,263 4,492 9,024 14,897 24,037 Worker remit. & comp. of employees .. 3 57 171 228 693 813 1,287 Imports of goods & services .. 1,306 2,415 5,264 7,078 8,850 11,093 14,831 International reserves .. 121 680 803 1,075 1,178 2,500 4,273 Current account balance .. -401 -168 -2,021 -2,589 167 3,708 9,019 6. Ratios External debt stocks to exports (%) .. 40.4 59.5 52.9 43.4 20.1 13.3 12.6 External debt stocks to GNI (%) .. 10.6 26.6 25.3 24.4 15.6 10.9 11.5 Debt service to exports (%) .. 1.3 5.8 6.4 5.2 2.6 1.6 0.7 Short-term to external debt stocks (%) .. 4.4 11.8 6.0 7.1 10.2 15.2 34.0 Multilateral to external debt stocks (%) .. 30.8 24.3 32.5 32.5 34.7 37.0 31.3 Reserves to external debt stocks (%) .. 37.7 51.2 46.5 55.2 64.9 125.9 141.4 Reserves to imports (months) .. 1.1 3.4 1.8 1.8 1.6 2.7 3.5 34 AZERBAIJAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. 206 836 1,365 1,602 1,465 1,550 1,891 Public and publicly guaranteed .. 206 737 1,288 1,372 1,278 1,446 1,748 Official creditors .. 206 647 1,189 1,284 1,217 1,355 1,595 Multilateral .. 99 323 561 633 630 735 947 of which: IBRD .. 0 0 0 0 0 5 21 IDA .. 30 216 422 493 501 583 660 Bilateral .. 107 324 628 651 587 620 648 Private creditors .. 0 90 100 89 61 92 153 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 65 97 89 61 57 56 Private nonguaranteed .. 0 99 76 230 187 104 143 of which: Bonds .. 0 0 0 0 0 0 0 Disbursements .. 102 256 232 311 195 324 346 Public and publicly guaranteed .. 102 250 179 77 70 299 299 Official creditors .. 102 209 179 77 70 263 235 Multilateral .. 90 56 93 62 57 208 203 of which: IBRD .. 0 0 0 0 0 5 16 IDA .. 30 27 75 49 48 60 58 Bilateral .. 13 153 85 15 13 55 32 Private creditors .. 0 41 0 0 0 36 64 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 38 0 0 0 0 0 Private nonguaranteed .. 0 6 54 234 124 25 47 of which: Bonds .. 0 0 0 0 0 0 0 Principal repayments .. 0 22 107 147 149 169 67 Public and publicly guaranteed .. 0 15 57 54 52 53 57 Official creditors .. 0 13 33 35 36 43 50 Multilateral .. 0 9 13 15 18 17 21 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 0 2 4 6 Bilateral .. 0 4 19 20 19 26 29 Private creditors .. 0 2 24 19 16 10 7 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 16 16 16 9 5 Private nonguaranteed .. 0 7 50 93 97 116 11 of which: Bonds .. 0 0 0 0 0 0 0 Interest payments .. 9 37 17 20 25 28 44 Public and publicly guaranteed .. 9 32 14 16 18 21 37 Official creditors .. 9 31 11 14 16 18 34 Multilateral .. 2 7 6 8 9 11 25 of which: IBRD .. 0 0 0 0 0 1 1 IDA .. 0 2 2 4 4 4 5 Bilateral .. 7 24 6 6 7 7 9 Private creditors .. 0 1 2 2 1 2 3 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 2 2 1 1 1 Private nonguaranteed .. 0 5 3 4 7 7 7 of which: Bonds .. 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. 208 255 247 222 -134 172 1,082 Net flows on external debt .. 207 309 103 139 64 233 1,014 Cross-currency valuation .. -7 -43 119 60 -129 45 65 9. Debt restructurings Total amount rescheduled .. 0 0 0 87 0 0 0 Total amount forgiven .. 0 0 0 0 0 69,758 0 Debt buyback .. 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 88 108 119 112 117 117 128 128 Interest 33 41 45 48 49 49 48 45 Private creditors Principal 41 57 57 35 31 26 27 26 Interest 16 14 11 8 7 5 4 2 35 BANGLADESH (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 12,439 15,927 15,717 18,774 20,129 18,919 20,491 22,033 Long-term external debt 11,658 15,106 15,168 18,083 19,186 17,923 18,836 20,151 Public and publicly guaranteed 11,658 15,106 15,168 18,083 19,186 17,923 18,836 20,151 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 626 622 216 74 231 308 476 501 Short-term external debt 156 199 334 617 712 688 1,178 1,382 interest arrears on long-term 1 15 0 0 0 16 0 16 Memorandum items Principal arrears on long-term 11 15 4 4 0 8 66 270 Long-term public sector debt 11,658 15,106 15,168 18,083 19,186 17,923 18,836 20,151 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 1,317 716 708 1,460 1,199 1,172 1,194 1,586 External debt flows Disbursements 1,273 763 889 938 1,151 982 1,126 1,092 Long-term external debt 1,213 763 889 867 1,004 884 976 1,092 IMF purchases 60 0 0 70 147 97 150 0 Principal repayments 548 591 599 496 462 569 474 570 Long-term external debt 344 530 513 422 462 569 474 570 IMF repurchases 204 61 86 73 0 0 0 0 Net flows 813 171 370 514 784 373 1,158 675 Long-term external debt 869 233 376 445 541 315 502 522 IMF flows -199 0 0 -69 0 0 0 0 Short-term external debt 88 -1 80 72 95 -40 506 153 Interest payments 201 189 201 176 208 235 232 244 Long-term external debt 151 176 171 162 184 199 172 184 IMF charges 40 3 7 1 1 1 2 2 Short-term external debt 9 10 22 13 24 35 59 58 2. Other non-debt resource flows Foreign direct investment (net) 3 2 280 268 449 813 697 653 Portfolio equity flows 0 -15 1 2 4 20 31 153 Profit remittances on FDI 0 0 149 178 247 661 765 903 Grants (excluding technical coop.) 772 693 592 478 837 685 913 1,015 of which: Debt forgiveness grants .. .. 156 94 271 41 239 129 IDA grants .. .. .. 0 0 6 6 12 Memo: technical coop. grants 234 293 209 246 208 186 164 146 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 0.7 0.6 0.5 0.7 0.7 Japanese yen 24.8 25.9 20.4 17.0 16.0 14.2 12.7 11.7 Pound sterling 5.0 3.5 3.0 2.3 2.0 2.1 1.9 1.6 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 48.1 41.9 44.7 50.1 50.1 51.6 52.5 51.5 4. Average terms of new commitments Official creditors Interest (%) 1.1 1.9 2.4 1.2 1.0 1.7 1.9 2.6 Maturity (years) 37.6 38.2 28.2 32.1 36.4 33.8 32.5 30.8 Grace period (years) 10.2 10.0 7.4 8.4 9.5 8.8 8.6 7.7 Private creditors Interest (%) 5.4 0.0 3.3 2.7 3.0 4.9 0.0 0.0 Maturity (years) 14.1 0.0 13.0 4.7 17.3 10.8 0.0 0.0 Grace period (years) 3.5 0.0 4.8 1.5 5.8 1.3 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 30,757 39,097 48,828 54,778 59,542 63,355 65,952 73,523 Exports of goods, services & income 2,907 5,903 9,251 11,298 12,908 14,970 18,483 20,888 Worker remit. & comp. of employees 779 1,202 1,968 3,192 3,584 4,314 5,428 6,562 Imports of goods & services 4,140 7,790 10,018 11,565 13,562 15,618 17,802 20,765 International reserves 660 2,376 1,516 2,625 3,222 2,825 3,877 5,277 Current account balance -398 -824 -306 132 -279 -176 1,196 857 6. Ratios External debt stocks to exports (%) 427.9 269.8 169.9 166.2 155.9 126.4 110.9 105.5 External debt stocks to GNI (%) 40.4 40.7 32.2 34.3 33.8 29.9 31.1 30.0 Debt service to exports (%) 25.8 13.2 8.6 5.9 5.2 5.4 3.8 3.9 Short-term to external debt stocks (%) 1.3 1.3 2.1 3.3 3.5 3.6 5.7 6.3 Multilateral to external debt stocks (%) 51.8 60.8 69.9 72.4 73.2 74.3 73.1 74.1 Reserves to external debt stocks (%) 5.3 14.9 9.6 14.0 16.0 14.9 18.9 24.0 Reserves to imports (months) 1.9 3.7 1.8 2.7 2.9 2.2 2.6 3.0 36 BANGLADESH (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 11,658 15,106 15,168 18,083 19,186 17,923 18,836 20,151 Public and publicly guaranteed 11,658 15,106 15,168 18,083 19,186 17,923 18,836 20,151 Official creditors 11,435 14,852 14,921 17,528 18,643 17,400 18,335 19,668 Multilateral 6,441 9,678 10,990 13,598 14,737 14,057 14,969 16,324 of which: IBRD 64 55 24 7 0 0 0 0 IDA 4,095 5,638 6,431 8,062 8,895 8,688 9,297 10,077 Bilateral 4,994 5,173 3,931 3,930 3,906 3,343 3,366 3,344 Private creditors 223 255 246 555 543 522 502 482 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 21 12 15 29 41 34 31 27 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,213 763 889 867 1,004 884 976 1,092 Public and publicly guaranteed 1,213 763 889 867 1,004 884 976 1,092 Official creditors 1,123 677 822 858 989 884 976 1,092 Multilateral 822 494 650 760 821 814 750 996 of which: IBRD 0 0 0 0 0 0 0 0 IDA 464 198 357 519 615 547 398 602 Bilateral 301 183 172 97 168 70 226 96 Private creditors 90 86 67 10 14 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 22 0 15 0 14 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 344 530 513 422 462 569 474 570 Public and publicly guaranteed 344 530 513 422 462 569 474 570 Official creditors 310 423 482 395 433 555 450 549 Multilateral 62 104 168 237 290 290 328 384 of which: IBRD 2 5 5 6 7 0 0 0 IDA 13 41 82 124 141 153 172 193 Bilateral 248 319 314 158 142 265 122 165 Private creditors 34 107 31 27 30 14 24 21 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 2 0 3 4 3 5 5 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 151 176 171 162 184 199 172 184 Public and publicly guaranteed 151 176 171 162 184 199 172 184 Official creditors 140 167 160 155 178 197 169 182 Multilateral 51 87 93 109 129 133 137 144 of which: IBRD 4 4 2 1 0 0 0 0 IDA 28 42 47 55 67 70 70 72 Bilateral 89 80 67 46 49 64 32 38 Private creditors 11 9 12 6 5 2 2 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 2 2 0 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,593 304 -850 1,727 1,355 -1,210 1,571 1,508 Net flows on external debt 813 171 370 514 784 373 1,158 675 Cross-currency valuation 925 -244 -1,087 1,543 691 -1,613 459 728 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 103 146 0 83 82 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 815 812 815 840 878 897 920 932 Interest 229 236 240 241 237 231 222 211 Private creditors Principal 153 94 95 95 92 81 58 23 Interest 14 14 13 11 8 5 2 1 37 BELARUS (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. 1,694 2,140 3,232 4,029 4,737 5,352 9,470 Long-term external debt .. 1,302 787 1,231 1,084 1,233 1,697 3,463 Public and publicly guaranteed .. 1,301 689 710 744 786 842 2,338 Private nonguaranteed .. 0 98 521 339 448 855 1,125 Use of IMF credit .. 283 114 26 9 0 0 0 Short-term external debt .. 110 1,239 1,975 2,936 3,503 3,654 6,007 interest arrears on long-term .. 19 14 2 0 1 4 2 Memorandum items Principal arrears on long-term .. 140 29 19 1 37 22 10 Long-term public sector debt .. 1,301 689 695 733 777 837 2,336 Long-term private sector debt .. 0 98 536 351 456 860 1,127 Public & publicly guaranteed commitments .. 145 136 32 255 412 174 1,639 External debt flows Disbursements .. 441 249 259 308 648 747 2,532 Long-term external debt .. 258 249 259 308 648 747 2,532 IMF purchases .. 182 0 0 0 0 0 0 Principal repayments .. 108 261 332 257 519 483 757 Long-term external debt .. 108 206 299 240 510 483 757 IMF repurchases .. 0 56 33 17 9 0 0 Net flows .. 369 -89 272 1,014 695 412 4,130 Long-term external debt .. 150 43 -40 68 138 264 1,775 IMF flows .. 182 -56 -33 -17 -9 0 0 Short-term external debt .. 36 -76 345 963 566 148 2,354 Interest payments .. 74 107 87 115 161 250 322 Long-term external debt .. 59 39 33 41 51 72 81 IMF charges .. 10 7 1 0 0 0 0 Short-term external debt .. 4 61 54 74 111 178 241 2. Other non-debt resource flows Foreign direct investment (net) .. 15 119 172 164 305 354 1,785 Portfolio equity flows .. 0 1 3 1 1 -1 5 Profit remittances on FDI .. 0 5 38 76 135 236 435 Grants (excluding technical coop.) .. 136 0 0 0 32 42 59 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 27 0 0 0 28 34 29 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 32.1 25.1 14.4 26.0 9.9 Japanese yen .. 2.3 2.2 2.2 1.7 1.1 0.7 0.1 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.7 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 50.8 48.9 52.3 61.6 71.8 61.1 85.5 4. Average terms of new commitments Official creditors Interest (%) .. 5.1 6.8 0.0 3.4 5.0 6.1 4.6 Maturity (years) .. 16.0 5.9 4.6 6.0 7.6 16.9 14.9 Grace period (years) .. 5.6 2.4 0.8 1.8 1.4 5.4 5.4 Private creditors Interest (%) .. 8.1 7.2 3.9 3.6 8.9 7.2 4.8 Maturity (years) .. 5.8 2.5 5.1 9.2 1.1 2.3 3.0 Grace period (years) .. 1.6 1.0 0.6 2.4 1.1 1.3 1.0 5. Major economic aggregates Gross national income (GNI) .. 13,922 12,690 17,840 23,141 30,220 36,841 44,379 Exports of goods, services & income .. 5,300 7,667 11,702 15,847 18,350 22,478 27,859 Worker remit. & comp. of employees .. 29 139 222 257 255 340 354 Imports of goods & services .. 5,805 8,160 12,351 17,343 18,079 24,129 31,107 International reserves .. 377 350 637 837 1,342 1,386 4,179 Current account balance .. -458 -338 -426 -1,193 436 -1,447 -3,060 6. Ratios External debt stocks to exports (%) .. 32.0 27.9 27.6 25.4 25.8 23.8 34.0 External debt stocks to GNI (%) .. 12.2 16.9 18.1 17.4 15.7 14.5 21.3 Debt service to exports (%) .. 3.4 4.8 3.6 2.3 3.7 3.3 3.9 Short-term to external debt stocks (%) .. 6.5 57.9 61.1 72.9 74.0 68.3 63.4 Multilateral to external debt stocks (%) .. 11.1 10.1 4.5 3.1 1.7 1.2 0.6 Reserves to external debt stocks (%) .. 22.3 16.4 19.7 20.8 28.3 25.9 44.1 Reserves to imports (months) .. 0.8 0.5 0.6 0.6 0.9 0.7 1.6 38 BELARUS (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. 1,302 787 1,231 1,084 1,233 1,697 3,463 Public and publicly guaranteed .. 1,301 689 710 744 786 842 2,338 Official creditors .. 769 400 381 480 566 571 2,076 Multilateral .. 188 217 146 124 81 65 52 of which: IBRD .. 116 105 84 73 59 50 42 IDA .. 0 0 0 0 0 0 0 Bilateral .. 582 183 234 356 485 506 2,023 Private creditors .. 532 289 329 265 219 271 262 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 46 56 48 36 57 102 107 Private nonguaranteed .. 0 98 521 339 448 855 1,125 of which: Bonds .. 0 0 0 0 0 0 19 Disbursements .. 258 249 259 308 648 747 2,532 Public and publicly guaranteed .. 258 143 47 198 254 207 1,717 Official creditors .. 131 25 14 181 188 74 1,596 Multilateral .. 77 25 1 2 7 5 7 of which: IBRD .. 11 6 1 2 7 5 7 IDA .. 0 0 0 0 0 0 0 Bilateral .. 54 0 14 179 181 69 1,589 Private creditors .. 127 118 33 16 66 133 121 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 20 48 2 1 34 83 96 Private nonguaranteed .. 0 106 212 111 395 540 815 of which: Bonds .. 0 0 0 0 0 0 19 Principal repayments .. 108 206 299 240 510 483 757 Public and publicly guaranteed .. 108 134 138 179 177 171 253 Official creditors .. 84 52 45 87 94 73 98 Multilateral .. 70 49 35 29 42 23 21 of which: IBRD .. 0 14 15 16 16 15 16 IDA .. 0 0 0 0 0 0 0 Bilateral .. 15 4 10 58 52 50 77 Private creditors .. 24 82 93 93 83 98 155 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 28 20 13 12 42 101 Private nonguaranteed .. 0 71 161 61 333 311 505 of which: Bonds .. 0 0 0 0 0 0 0 Interest payments .. 59 39 33 41 51 72 81 Public and publicly guaranteed .. 59 38 32 36 39 45 49 Official creditors .. 32 18 13 16 17 28 30 Multilateral .. 23 17 9 7 5 4 4 of which: IBRD .. 8 6 4 3 3 3 3 IDA .. 0 0 0 0 0 0 0 Bilateral .. 10 2 4 8 12 24 26 Private creditors .. 26 19 19 21 22 16 19 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 1 4 3 3 4 6 8 Private nonguaranteed .. 0 1 1 5 12 27 33 of which: Bonds .. 0 0 0 0 0 0 1 8. Debt stock-flow reconciliation Total change in external debt stocks .. 398 -122 334 797 708 615 4,118 Net flows on external debt .. 369 -89 272 1,014 695 412 4,130 Cross-currency valuation .. 28 -26 63 22 -33 16 32 9. Debt restructurings Total amount rescheduled .. 0 50 0 0 0 0 0 Total amount forgiven .. 0 0 0 0 0 0 0 Debt buyback .. 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 93 86 84 47 51 202 202 166 Interest 82 87 83 81 79 75 66 58 Private creditors Principal 424 180 232 124 103 67 44 29 Interest 53 45 35 26 21 16 14 12 Notes: Short-term debt data are based on data from the National Bank of the Republic of Belarus. 39 BELIZE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 143 255 612 1,061 957 1,003 1,018 1,057 Long-term external debt 136 219 562 981 957 997 1,012 1,051 Public and publicly guaranteed 136 219 553 945 923 972 992 1,037 Private nonguaranteed 0 0 8 36 34 25 20 14 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 6 36 50 80 0 6 7 7 interest arrears on long-term 1 1 0 0 0 6 7 7 Memorandum items Principal arrears on long-term 2 1 0 0 0 2 0 1 Long-term public sector debt 136 219 553 945 923 972 991 1,025 Long-term private sector debt 0 0 8 36 34 25 20 26 Public & publicly guaranteed commitments 5 29 224 231 271 153 100 591 External debt flows Disbursements 18 31 223 265 223 210 84 598 Long-term external debt 18 31 223 265 223 210 84 598 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 12 25 41 90 259 160 70 561 Long-term external debt 9 25 41 90 259 160 70 561 IMF repurchases 3 0 0 0 0 0 0 0 Net flows 7 27 181 210 -116 50 14 37 Long-term external debt 9 6 182 175 -36 50 14 37 IMF flows -3 0 0 0 0 0 0 0 Short-term external debt 1 21 -1 35 -80 0 0 0 Interest payments 6 11 35 67 75 73 64 64 Long-term external debt 6 10 32 65 73 73 64 64 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 1 3 2 2 0 0 0 2. Other non-debt resource flows Foreign direct investment (net) 17 21 23 -11 112 127 104 112 Portfolio equity flows 0 0 0 0 0 0 4 0 Profit remittances on FDI 7 8 31 31 42 35 55 87 Grants (excluding technical coop.) 4 8 11 9 6 9 8 15 of which: Debt forgiveness grants .. .. 0 2 3 2 2 1 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 13 12 5 4 5 6 5 5 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 1.5 1.7 1.4 1.4 1.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 23.6 10.0 1.8 0.7 0.6 0.4 0.4 0.3 Swiss franc 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 45.3 62.7 93.2 96.5 95.9 96.7 96.8 97.1 4. Average terms of new commitments Official creditors Interest (%) 5.0 5.9 6.3 3.6 3.0 0.0 2.8 5.3 Maturity (years) 10.0 17.9 21.1 15.4 20.0 0.0 9.9 22.3 Grace period (years) 2.5 3.9 5.3 3.3 4.6 0.0 2.2 5.6 Private creditors Interest (%) 0.0 8.6 9.5 9.5 7.2 4.7 0.0 4.2 Maturity (years) 0.0 4.8 8.1 7.3 7.9 7.0 0.0 21.9 Grace period (years) 0.0 0.3 3.0 6.5 7.8 1.6 0.0 12.2 5. Major economic aggregates Gross national income (GNI) 406 598 775 902 942 1,000 1,095 1,152 Exports of goods, services & income 269 314 464 563 579 675 869 901 Worker remit. & comp. of employees 18 14 22 34 35 46 65 75 Imports of goods & services 269 351 661 758 749 836 901 975 International reserves 70 38 123 85 48 71 114 109 Current account balance 15 -17 -162 -184 -155 -151 -16 -51 6. Ratios External debt stocks to exports (%) 53.1 81.2 131.8 188.6 165.2 148.7 117.2 117.3 External debt stocks to GNI (%) 35.1 42.7 78.9 117.6 101.6 100.3 93.0 91.8 Debt service to exports (%) 6.8 11.7 16.4 27.9 57.6 34.5 15.5 69.3 Short-term to external debt stocks (%) 4.3 14.0 8.2 7.5 0.0 0.6 0.6 0.6 Multilateral to external debt stocks (%) 40.2 35.1 22.2 19.5 23.1 21.6 21.5 22.2 Reserves to external debt stocks (%) 48.9 14.7 20.1 8.0 5.0 7.1 11.2 10.3 Reserves to imports (months) 3.1 1.3 2.2 1.3 0.8 1.0 1.5 1.3 40 BELIZE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 136 219 562 981 957 997 1,012 1,051 Public and publicly guaranteed 136 219 553 945 923 972 992 1,037 Official creditors 118 175 225 263 292 311 372 341 Multilateral 57 89 136 207 221 216 219 235 of which: IBRD 18 30 40 42 39 35 30 25 IDA 0 0 0 0 0 0 0 0 Bilateral 61 86 89 57 71 95 153 106 Private creditors 18 44 328 682 631 661 620 696 of which: Bonds 0 0 75 308 375 482 466 24 Commercial banks 16 39 245 371 254 169 146 666 Private nonguaranteed 0 0 8 36 34 25 20 14 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 18 31 223 265 223 210 84 598 Public and publicly guaranteed 18 31 218 260 223 210 84 598 Official creditors 13 26 26 43 43 45 82 45 Multilateral 6 12 22 36 25 14 17 35 of which: IBRD 3 6 2 2 2 1 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 7 13 4 7 19 31 65 10 Private creditors 5 5 192 217 180 165 3 552 of which: Bonds 0 0 86 100 70 143 0 0 Commercial banks 5 5 96 117 110 12 3 552 Private nonguaranteed 0 0 5 5 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 9 25 41 90 259 160 70 561 Public and publicly guaranteed 9 25 41 88 257 158 66 555 Official creditors 7 18 20 24 26 23 22 78 Multilateral 3 7 9 14 16 17 15 21 of which: IBRD 1 2 4 5 5 4 5 5 IDA 0 0 0 0 0 0 0 0 Bilateral 4 11 11 10 9 6 7 57 Private creditors 2 8 22 64 231 135 44 477 of which: Bonds 0 0 11 3 3 36 16 441 Commercial banks 2 5 9 49 227 98 25 33 Private nonguaranteed 0 0 0 2 3 2 5 6 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 6 10 32 65 73 73 64 64 Public and publicly guaranteed 6 10 32 65 72 72 64 63 Official creditors 4 8 12 12 12 13 15 17 Multilateral 3 4 7 9 9 9 10 11 of which: IBRD 1 2 3 2 2 2 2 2 IDA 0 0 0 0 0 0 0 0 Bilateral 1 4 4 3 3 4 5 6 Private creditors 1 2 20 53 61 59 49 47 of which: Bonds 0 0 1 27 38 41 36 23 Commercial banks 1 2 18 26 23 18 12 23 Private nonguaranteed 0 0 0 1 0 1 1 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 6 56 220 208 -104 46 15 39 Net flows on external debt 7 27 181 210 -116 50 14 37 Cross-currency valuation 7 1 -2 6 2 -2 2 3 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 9 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 32 26 25 24 24 24 23 22 Interest 17 17 16 15 14 12 11 10 Private creditors Principal 23 15 38 14 38 8 8 8 Interest 35 34 32 29 28 25 25 24 Notes: Short-term debt data are World Bank staff estimates. 41 BENIN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 1291.8 1614.0 1590.9 1828.3 1920.4 1837.0 810.7 856.6 Long-term external debt 1218.5 1483.0 1441.9 1726.2 1831.1 1744.7 768.6 851.9 Public and publicly guaranteed 1218.5 1483.0 1441.9 1726.2 1831.1 1744.7 768.6 851.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 17.9 84.1 83.9 73.1 65.3 52.8 2.6 4.2 Short-term external debt 55.4 46.9 65.2 29.0 24.0 39.4 39.5 0.6 interest arrears on long-term 20.5 7.9 0.0 0.0 0.0 0.4 0.5 0.6 Memorandum items Principal arrears on long-term 68.9 70.7 0.0 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 1218.5 1483.0 1441.9 1726.2 1831.1 1744.7 768.6 851.9 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 85.1 110.6 109.3 0.0 220.5 153.2 76.4 205.7 External debt flows Disbursements 120.3 115.0 39.3 69.4 80.6 87.2 81.1 124.2 Long-term external debt 120.3 101.3 30.4 60.0 78.6 85.9 79.8 122.8 IMF purchases 0.0 13.7 9.0 9.4 2.0 1.3 1.3 1.3 Principal repayments 20.5 26.3 55.4 41.7 43.2 47.5 63.9 54.5 Long-term external debt 18.5 24.4 44.9 31.7 35.6 40.0 63.9 54.5 IMF repurchases 2.0 1.9 10.5 9.9 7.6 7.5 0.0 0.0 Net flows 91.8 104.7 -64.5 -16.8 32.4 54.7 17.2 30.6 Long-term external debt 101.7 76.9 -14.5 28.3 43.0 45.8 15.9 68.3 IMF flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt -8.0 16.0 -48.5 -44.6 -5.0 15.0 0.0 -39.0 Interest payments 17.6 23.5 20.0 18.4 19.3 20.2 17.2 13.5 Long-term external debt 14.0 21.3 15.1 16.5 17.8 18.5 15.6 12.6 IMF charges 0.1 0.3 0.4 0.4 0.3 0.2 0.0 0.0 Short-term external debt 3.6 1.9 4.5 1.5 1.2 1.6 1.6 0.9 2. Other non-debt resource flows Foreign direct investment (net) 62.4 13.3 59.7 44.7 63.8 53.0 53.2 48.0 Portfolio equity flows 0.0 0.3 0.1 -0.4 -2.9 2.3 0.3 0.0 Profit remittances on FDI 0.4 5.9 -0.8 22.4 13.5 9.0 14.8 0.0 Grants (excluding technical coop.) 110.1 149.0 145.3 198.7 327.6 217.6 1186.4 294.3 of which: Debt forgiveness grants .. .. 21.4 58.1 88.8 22.5 1008.0 10.8 IDA grants .. .. .. 0.0 0.0 0.0 0.0 19.2 Memo: technical coop. grants 49.0 61.5 67.9 90.6 87.4 91.7 109.5 81.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 7.7 7.5 6.6 11.2 10.7 Japanese yen 0.0 0.0 2.3 2.0 2.0 1.8 4.0 3.6 Pound sterling 0.9 0.4 0.3 0.3 0.3 0.2 0.5 0.4 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.8 51.8 60.9 59.7 57.9 57.0 42.7 39.5 4. Average terms of new commitments Official creditors Interest (%) 1.3 1.3 1.6 0.0 0.8 0.6 0.7 1.5 Maturity (years) 39.2 33.1 36.0 0.0 43.4 42.2 39.0 32.6 Grace period (years) 8.4 8.7 8.3 0.0 10.0 8.7 8.3 8.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1806.1 1965.0 2242.6 3515.5 4005.7 4258.7 4623.4 5427.6 Exports of goods, services & income 464.8 730.2 632.4 785.4 861.1 934.6 1162.6 .. Worker remit. & comp. of employees 101.0 100.0 87.0 55.4 63.0 172.7 224.0 224.0 Imports of goods & services 491.7 925.8 743.5 1133.5 1189.0 1187.9 1452.0 .. International reserves 69.2 197.9 458.1 717.9 640.0 656.8 912.2 1209.2 Current account balance -18.1 -167.0 -80.6 -331.2 -288.5 -226.1 -217.0 .. 6. Ratios External debt stocks to exports (%) 277.9 221.1 251.6 232.8 223.0 196.6 69.7 .. External debt stocks to GNI (%) 71.5 82.1 70.9 52.0 47.9 43.1 17.5 15.8 Debt service to exports (%) 8.2 6.8 11.9 7.6 7.3 7.2 7.0 .. Short-term to external debt stocks (%) 4.3 2.9 4.1 1.6 1.2 2.1 4.9 0.1 Multilateral to external debt stocks (%) 41.6 54.0 59.7 70.8 73.5 72.2 49.2 59.5 Reserves to external debt stocks (%) 5.4 12.3 28.8 39.3 33.3 35.8 112.5 141.2 Reserves to imports (months) 1.7 2.6 7.4 7.6 6.5 6.6 7.5 .. 42 BENIN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 1218.5 1483.0 1441.9 1726.2 1831.1 1744.7 768.6 851.9 Public and publicly guaranteed 1218.5 1483.0 1441.9 1726.2 1831.1 1744.7 768.6 851.9 Official creditors 1201.8 1478.9 1439.0 1722.4 1827.0 1744.7 768.6 851.9 Multilateral 536.8 871.4 949.9 1293.6 1412.5 1326.3 399.3 509.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 326.0 498.3 578.4 729.5 791.4 770.8 126.1 175.6 Bilateral 665.0 607.5 489.1 428.7 414.5 418.4 369.4 342.5 Private creditors 16.7 4.1 2.8 3.9 4.2 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 120.3 101.3 30.4 60.0 78.6 85.9 79.8 122.8 Public and publicly guaranteed 120.3 101.3 30.4 60.0 78.6 85.9 79.8 122.8 Official creditors 120.3 101.3 30.4 60.0 78.6 85.9 79.8 122.8 Multilateral 91.1 83.5 28.8 55.5 78.6 85.5 58.5 120.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 55.6 30.8 36.5 27.5 41.7 49.2 31.9 42.5 Bilateral 29.2 17.8 1.6 4.5 0.0 0.4 21.3 2.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 18.5 24.4 44.9 31.7 35.6 40.0 63.9 54.5 Public and publicly guaranteed 18.5 24.4 44.9 31.7 35.6 40.0 63.9 54.5 Official creditors 18.4 24.3 44.9 31.7 35.6 36.2 63.9 54.5 Multilateral 18.4 16.5 15.3 14.3 17.5 21.1 26.3 16.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.8 3.4 3.9 4.1 5.2 6.4 7.6 0.0 Bilateral 0.0 7.8 29.6 17.4 18.1 15.1 37.5 38.4 Private creditors 0.1 0.1 0.0 0.0 0.0 3.8 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 14.0 21.3 15.1 16.5 17.8 18.5 15.6 12.6 Public and publicly guaranteed 14.0 21.3 15.1 16.5 17.8 18.5 15.6 12.6 Official creditors 13.9 21.3 15.1 16.5 17.8 18.2 15.6 12.6 Multilateral 12.8 8.5 9.4 10.7 12.8 13.0 11.1 7.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.1 3.6 3.8 4.7 5.6 6.0 3.8 1.4 Bilateral 1.2 12.7 5.7 5.8 5.0 5.3 4.5 4.7 Private creditors 0.1 0.0 0.0 0.0 0.0 0.2 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 49.6 24.7 -96.0 -7.8 92.1 -83.5 -1026.2 45.9 Net flows on external debt 91.8 104.7 -64.5 -16.8 32.4 54.7 17.2 30.6 Cross-currency valuation 62.4 -4.0 -52.6 110.3 54.9 -119.2 -702.6 27.3 9. Debt restructurings Total amount rescheduled 12.4 5.5 53.3 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 122.1 137.4 4.2 11.9 12.4 13.0 4.2 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 60.1 58.4 61.0 61.0 63.9 65.2 40.4 39.2 Interest 12.1 12.3 12.4 12.2 11.9 11.3 10.6 9.8 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 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 the Multilateral Debt Relief Initiative. 43 BHUTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 83.5 105.8 203.8 485.9 593.3 649.2 713.3 775.0 Long-term external debt 80.3 105.2 202.2 481.5 593.3 636.7 697.3 775.0 Public and publicly guaranteed 80.3 105.2 202.2 481.5 593.3 636.7 697.3 775.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 3.3 0.6 1.5 4.4 0.0 12.5 16.0 0.0 interest arrears on long-term 0.3 0.6 0.0 0.0 0.0 4.5 0.0 0.0 Memorandum items Principal arrears on long-term 1.5 0.2 0.0 0.0 0.0 4.1 0.0 0.0 Long-term public sector debt 80.3 105.2 202.2 481.5 593.3 636.7 697.3 775.0 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.0 24.0 85.1 98.6 64.4 60.3 25.0 45.0 External debt flows Disbursements 8.4 9.9 34.8 92.3 92.6 81.9 45.2 31.9 Long-term external debt 8.4 9.9 34.8 92.3 92.6 81.9 45.2 31.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.9 7.2 4.7 4.8 6.7 4.6 5.9 23.9 Long-term external debt 2.9 7.2 4.7 4.8 6.7 4.6 5.9 23.9 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 6.5 2.7 29.6 90.9 81.4 85.3 47.3 -8.0 Long-term external debt 5.5 2.7 30.1 87.5 85.8 77.3 39.3 8.0 IMF flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 1.0 0.0 -0.5 3.4 -4.4 8.0 8.0 -16.0 Interest payments 2.3 2.6 2.0 2.4 5.2 2.2 4.2 7.3 Long-term external debt 2.0 2.6 1.8 2.3 5.2 2.0 3.4 6.9 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.2 0.0 0.2 0.1 0.1 0.2 0.8 0.4 2. Other non-debt resource flows Foreign direct investment (net) 1.6 0.1 -0.1 1.1 3.5 9.0 6.1 78.3 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 16.9 39.5 20.6 41.7 42.5 49.0 59.6 53.7 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.5 1.1 16.3 15.8 Memo: technical coop. grants 23.7 27.1 21.8 22.7 21.7 21.2 21.2 20.7 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 10.6 10.3 9.6 10.9 11.1 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 43.1 28.6 17.7 17.7 17.6 18.2 19.2 19.0 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.3 3.6 5.6 8.9 0.8 1.4 1.1 Maturity (years) 0.0 33.4 31.7 28.6 21.9 28.6 32.0 35.3 Grace period (years) 0.0 11.2 10.0 9.9 9.9 7.1 8.5 9.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 285.0 269.8 447.0 616.5 696.7 816.2 932.0 1129.1 Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services .. .. .. .. .. .. .. .. International reserves 88.8 130.5 317.6 366.6 398.6 467.4 545.3 699.0 Current account balance .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 29.3 39.2 45.6 78.8 85.2 79.5 76.5 68.6 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 3.9 0.5 0.8 0.9 0.0 1.9 2.2 0.0 Multilateral to external debt stocks (%) 50.1 64.5 49.4 30.7 28.6 27.3 27.4 28.9 Reserves to external debt stocks (%) 106.3 123.3 155.9 75.4 67.2 72.0 76.5 90.2 Reserves to imports (months) .. .. .. .. .. .. .. .. 44 BHUTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 80.3 105.2 202.2 481.5 593.3 636.7 697.3 775.0 Public and publicly guaranteed 80.3 105.2 202.2 481.5 593.3 636.7 697.3 775.0 Official creditors 61.8 98.4 202.2 481.5 593.3 636.7 697.3 775.0 Multilateral 41.9 68.2 100.6 149.1 169.6 177.1 195.8 223.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 16.1 22.5 26.1 49.2 60.3 63.3 76.0 87.5 Bilateral 19.9 30.2 101.6 332.4 423.7 459.6 501.5 551.4 Private creditors 18.5 6.8 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 8.4 9.9 34.8 92.3 92.6 81.9 45.2 31.9 Public and publicly guaranteed 8.4 9.9 34.8 92.3 92.6 81.9 45.2 31.9 Official creditors 8.4 9.9 34.8 92.3 92.6 81.9 45.2 31.9 Multilateral 7.2 5.8 11.8 12.7 16.4 22.1 15.1 21.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.0 1.2 3.6 6.9 9.0 8.4 10.3 8.8 Bilateral 1.2 4.1 23.0 79.6 76.1 59.9 30.1 10.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.9 7.2 4.7 4.8 6.7 4.6 5.9 23.9 Public and publicly guaranteed 2.9 7.2 4.7 4.8 6.7 4.6 5.9 23.9 Official creditors 0.3 4.9 4.7 4.8 6.7 4.6 5.9 23.9 Multilateral 0.0 0.6 1.3 1.3 1.8 2.2 2.5 2.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.3 0.3 0.5 0.7 0.8 0.8 Bilateral 0.3 4.3 3.4 3.5 4.9 2.5 3.4 21.2 Private creditors 2.6 2.3 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 2.0 2.6 1.8 2.3 5.2 2.0 3.4 6.9 Public and publicly guaranteed 2.0 2.6 1.8 2.3 5.2 2.0 3.4 6.9 Official creditors 0.4 2.0 1.8 2.3 5.2 2.0 3.4 6.9 Multilateral 0.3 0.6 0.9 1.2 1.6 1.6 1.8 1.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.2 0.3 0.6 0.6 0.6 0.6 Bilateral 0.1 1.4 0.9 1.1 3.6 0.4 1.6 5.1 Private creditors 1.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 9.7 1.3 20.0 108.0 107.3 55.9 64.1 61.7 Net flows on external debt 6.5 2.7 29.6 90.9 81.4 85.3 47.3 -8.0 Cross-currency valuation 1.1 -2.0 -10.6 27.4 22.7 -32.3 20.4 70.0 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 50.9 52.0 56.0 56.0 56.5 56.8 58.5 60.8 Interest 45.9 42.9 39.3 35.4 31.4 27.5 23.6 19.6 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45 BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 4,275 5,272 5,785 5,801 6,222 6,908 5,799 4,947 Long-term external debt 3,864 4,698 5,163 5,191 5,642 6,482 5,564 4,771 Public and publicly guaranteed 3,687 4,459 4,137 4,160 4,557 4,568 3,177 2,150 Private nonguaranteed 177 239 1,026 1,031 1,085 1,914 2,388 2,621 Use of IMF credit 257 268 220 279 307 244 15 0 Short-term external debt 154 307 402 332 272 182 220 176 interest arrears on long-term 6 20 2 0 0 0 0 0 Memorandum items Principal arrears on long-term 31 30 19 0 0 0 0 0 Long-term public sector debt 3,687 4,459 3,759 4,123 4,530 4,545 3,159 2,140 Long-term private sector debt 177 239 1,403 1,067 1,112 1,937 2,406 2,631 Public & publicly guaranteed commitments 549 684 180 759 479 551 185 1,042 External debt flows Disbursements 331 520 759 932 729 895 365 868 Long-term external debt 300 494 744 842 673 880 365 868 IMF purchases 31 26 15 90 56 14 0 0 Principal repayments 241 199 454 300 378 355 215 540 Long-term external debt 196 173 434 281 357 315 215 526 IMF repurchases 46 26 20 19 22 40 0 15 Net flows 32 341 294 594 291 449 188 284 Long-term external debt 104 321 309 561 317 565 150 343 IMF flows -43 0 0 90 56 -4 0 -15 Short-term external debt -57 20 -10 -38 -60 -91 38 -44 Interest payments 144 173 180 133 141 174 216 202 Long-term external debt 117 155 159 116 125 159 204 194 IMF charges 13 1 1 1 4 6 2 1 Short-term external debt 14 17 20 15 13 10 10 7 2. Other non-debt resource flows Foreign direct investment (net) 27 393 736 197 65 -239 281 204 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 17 24 148 234 292 271 392 327 Grants (excluding technical coop.) 202 328 221 473 804 297 2,082 1,591 of which: Debt forgiveness grants .. .. 152 117 527 38 1,819 1,176 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 108 217 147 265 240 240 302 109 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 1.0 1.7 1.5 2.6 4.3 Japanese yen 10.0 13.2 12.3 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.9 0.7 0.2 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 41.3 32.7 45.0 70.6 72.9 75.3 66.2 77.6 4. Average terms of new commitments Official creditors Interest (%) 4.1 3.8 4.2 3.0 3.2 4.9 4.1 2.7 Maturity (years) 29.5 29.1 28.6 22.3 17.7 21.6 24.9 22.9 Grace period (years) 7.9 7.8 7.9 6.4 4.5 5.6 5.8 5.2 Private creditors Interest (%) 9.4 6.7 7.4 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.8 5.6 5.8 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.5 1.0 0.8 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 4,626 6,494 8,172 7,781 8,388 9,173 11,034 12,947 Exports of goods, services & income 998 1,264 1,711 2,159 2,817 3,705 5,156 6,213 Worker remit. & comp. of employees 5 7 127 159 211 346 612 927 Imports of goods & services 1,354 1,809 2,443 2,422 2,792 3,363 4,091 4,620 International reserves 511 1,005 1,184 1,097 1,271 1,795 3,194 5,314 Current account balance -199 -303 -446 76 337 622 1,317 1,800 6. Ratios External debt stocks to exports (%) 428.6 417.1 338.2 268.7 220.9 186.5 112.5 79.6 External debt stocks to GNI (%) 92.4 81.2 70.8 74.6 74.2 75.3 52.6 38.2 Debt service to exports (%) 38.6 29.4 37.1 20.0 18.4 14.3 8.4 11.9 Short-term to external debt stocks (%) 3.6 5.8 7.0 5.7 4.4 2.6 3.8 3.6 Multilateral to external debt stocks (%) 37.2 48.9 48.5 67.6 68.2 60.9 47.6 34.3 Reserves to external debt stocks (%) 12.0 19.1 20.5 18.9 20.4 26.0 55.1 107.4 Reserves to imports (months) 4.5 6.7 5.8 5.4 5.5 6.4 9.4 13.8 46 BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 3,864 4,698 5,163 5,191 5,642 6,482 5,564 4,771 Public and publicly guaranteed 3,687 4,459 4,137 4,160 4,557 4,568 3,177 2,150 Official creditors 3,362 4,396 4,103 4,135 4,531 4,545 3,156 2,132 Multilateral 1,589 2,579 2,803 3,923 4,245 4,210 2,762 1,698 of which: IBRD 194 95 0 0 0 0 0 0 IDA 393 770 1,096 1,571 1,750 1,673 233 259 Bilateral 1,773 1,817 1,300 212 286 336 395 434 Private creditors 325 63 33 25 26 23 20 18 of which: Bonds 35 17 0 0 0 0 0 0 Commercial banks 4 9 3 0 0 0 0 0 Private nonguaranteed 177 239 1,026 1,031 1,085 1,914 2,388 2,621 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 300 494 744 842 673 880 365 868 Public and publicly guaranteed 300 427 276 618 496 434 260 275 Official creditors 291 427 263 617 494 433 259 275 Multilateral 204 383 238 597 408 350 186 222 of which: IBRD 0 0 0 0 0 0 0 0 IDA 49 113 61 143 124 71 34 16 Bilateral 86 45 25 20 85 83 73 53 Private creditors 9 0 13 1 2 1 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 67 468 224 177 447 105 593 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 196 173 434 281 357 315 215 526 Public and publicly guaranteed 172 155 153 186 181 184 207 166 Official creditors 163 147 149 184 180 182 202 162 Multilateral 117 120 118 165 171 169 188 146 of which: IBRD 21 26 12 0 0 0 0 0 IDA 2 2 0 6 8 8 12 0 Bilateral 46 27 32 19 9 13 14 16 Private creditors 9 8 4 1 2 2 4 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 4 1 0 0 0 0 0 Private nonguaranteed 24 18 281 95 175 131 8 360 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 117 155 159 116 125 159 204 194 Public and publicly guaranteed 103 137 112 80 79 100 112 103 Official creditors 101 133 111 79 78 99 112 103 Multilateral 69 100 82 76 75 94 102 92 of which: IBRD 15 9 1 0 0 0 0 0 IDA 3 6 1 8 12 12 7 2 Bilateral 32 33 29 4 3 5 10 11 Private creditors 2 4 1 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 1 0 0 0 0 0 0 Private nonguaranteed 14 19 47 36 46 59 92 91 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 143 396 237 796 420 686 -1,109 -852 Net flows on external debt 32 341 294 594 291 449 188 284 Cross-currency valuation 114 -33 -212 227 80 -195 -1,700 -70 9. Debt restructurings Total amount rescheduled 153 196 0 0 0 0 0 0 Total amount forgiven 92 74 28 33 33 38 31 434 Debt buyback 4 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 177 194 212 245 244 232 208 207 Interest 118 120 116 108 96 84 73 61 Private creditors Principal 533 632 461 375 287 140 71 52 Interest 116 109 72 44 24 12 6 4 Notes: Plurinational State of Bolivia was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Short-term debt data are based on country reports. 47 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. .. 2,773 4,460 5,245 5,295 5,669 6,479 Long-term external debt .. .. 2,619 4,213 4,776 4,396 4,505 4,788 Public and publicly guaranteed .. .. 1,957 2,316 2,686 2,556 2,830 3,014 Private nonguaranteed .. .. 663 1,896 2,090 1,840 1,675 1,774 Use of IMF credit .. 48 105 134 109 62 20 2 Short-term external debt .. .. 49 113 360 837 1,144 1,688 interest arrears on long-term .. .. 1 0 0 0 0 0 Memorandum items Principal arrears on long-term .. .. 1 0 0 0 0 0 Long-term public sector debt .. .. 1,957 2,316 2,684 2,553 2,825 3,008 Long-term private sector debt .. .. 663 1,896 2,092 1,843 1,680 1,780 Public & publicly guaranteed commitments .. .. 197 57 162 120 616 216 External debt flows Disbursements .. .. 138 468 631 462 185 195 Long-term external debt .. .. 103 434 613 462 185 195 IMF purchases .. 46 36 34 18 0 0 0 Principal repayments .. .. 190 122 121 122 404 458 Long-term external debt .. .. 170 71 74 82 360 439 IMF repurchases .. 28 20 51 48 39 44 18 Net flows .. .. -41 112 757 818 88 180 Long-term external debt .. .. -68 364 540 380 -175 -244 IMF flows .. .. 16 -17 -30 -39 -44 -18 Short-term external debt .. .. 11 -234 247 477 307 443 Interest payments .. .. 127 95 121 135 185 219 Long-term external debt .. .. 119 88 113 120 139 149 IMF charges .. 5 5 2 3 3 2 1 Short-term external debt .. .. 3 4 5 12 44 68 2. Other non-debt resource flows Foreign direct investment (net) .. .. 146 382 710 608 722 2,111 Portfolio equity flows .. .. 0 0 0 0 0 0 Profit remittances on FDI .. .. 0 10 59 97 180 304 Grants (excluding technical coop.) .. .. 570 317 289 293 259 278 of which: Debt forgiveness grants .. .. 4 24 4 4 5 6 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 62 103 152 146 137 150 92 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 34.7 34.7 33.9 38.3 39.3 Japanese yen .. .. 0.0 1.1 1.2 1.2 1.2 1.2 Pound sterling .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. .. 2.3 2.2 2.0 1.7 1.2 1.2 U.S.dollars .. .. 27.6 35.7 39.6 41.3 39.2 39.2 4. Average terms of new commitments Official creditors Interest (%) .. .. 3.7 1.4 1.4 1.9 3.2 3.6 Maturity (years) .. .. 23.3 19.4 21.6 17.1 20.6 23.2 Grace period (years) .. .. 6.7 10.4 11.5 5.9 6.9 6.3 Private creditors Interest (%) .. .. 0.0 0.0 0.0 0.0 2.9 1.5 Maturity (years) .. .. 0.0 0.0 0.0 0.0 11.9 15.1 Grace period (years) .. .. 0.0 0.0 0.0 0.0 2.9 6.9 5. Major economic aggregates Gross national income (GNI) .. 1,625 5,927 8,903 10,506 11,218 12,717 15,640 Exports of goods, services & income .. .. 3,196 3,996 5,099 5,694 6,864 8,413 Worker remit. & comp. of employees .. .. 1,595 1,749 2,072 2,043 2,157 2,520 Imports of goods & services .. .. 4,234 6,141 7,259 8,103 8,483 11,009 International reserves .. .. 497 1,796 2,408 2,531 3,372 4,525 Current account balance .. .. -396 -1,631 -1,639 -1,844 -973 -1,930 6. Ratios External debt stocks to exports (%) .. .. 86.8 111.6 102.9 93.0 82.6 77.0 External debt stocks to GNI (%) .. .. 46.8 50.1 49.9 47.2 44.6 41.4 Debt service to exports (%) .. .. 9.9 5.4 4.8 4.5 8.6 8.0 Short-term to external debt stocks (%) .. .. 1.8 2.5 6.9 15.8 20.2 26.1 Multilateral to external debt stocks (%) .. .. 45.6 32.0 33.3 32.3 31.8 29.9 Reserves to external debt stocks (%) .. .. 17.9 40.3 45.9 47.8 59.5 69.8 Reserves to imports (months) .. .. 1.4 3.5 4.0 3.7 4.8 4.9 48 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. .. 2,619 4,213 4,776 4,396 4,505 4,788 Public and publicly guaranteed .. .. 1,957 2,316 2,686 2,556 2,830 3,014 Official creditors .. .. 1,832 2,147 2,504 2,401 2,660 2,819 Multilateral .. .. 1,266 1,427 1,744 1,712 1,800 1,936 of which: IBRD .. 472 562 540 527 481 466 453 IDA .. 0 398 683 927 921 983 1,068 Bilateral .. .. 566 720 760 689 860 884 Private creditors .. .. 125 169 182 155 169 195 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 125 169 182 155 169 195 Private nonguaranteed .. .. 663 1,896 2,090 1,840 1,675 1,774 of which: Bonds .. .. 0 0 0 0 0 0 Disbursements .. .. 103 434 613 462 185 195 Public and publicly guaranteed .. .. 98 117 287 149 131 139 Official creditors .. .. 98 117 287 149 131 127 Multilateral .. .. 90 92 275 133 93 114 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 44 48 209 56 27 57 Bilateral .. .. 8 25 12 17 39 13 Private creditors .. .. 0 0 0 0 0 12 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 0 0 0 0 0 12 Private nonguaranteed .. .. 5 317 326 313 53 56 of which: Bonds .. .. 0 0 0 0 0 0 Principal repayments .. .. 170 71 74 82 360 439 Public and publicly guaranteed .. .. 170 48 51 54 125 136 Official creditors .. .. 170 48 51 51 122 129 Multilateral .. .. 166 34 35 44 56 63 of which: IBRD .. 0 0 24 24 24 24 24 IDA .. 0 0 0 0 0 4 9 Bilateral .. .. 3 13 16 7 65 65 Private creditors .. .. 0 0 0 3 3 7 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 0 0 0 3 3 7 Private nonguaranteed .. .. 1 23 22 28 235 303 of which: Bonds .. .. 0 0 0 0 0 0 Interest payments .. .. 119 88 113 120 139 149 Public and publicly guaranteed .. .. 89 47 47 53 64 72 Official creditors .. .. 86 43 42 48 58 65 Multilateral .. .. 74 29 29 35 43 49 of which: IBRD .. 0 33 17 15 17 23 26 IDA .. 0 3 5 6 7 8 8 Bilateral .. .. 13 14 13 13 16 17 Private creditors .. .. 2 5 5 6 6 6 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 2 5 5 6 6 6 Private nonguaranteed .. .. 30 41 67 67 75 78 of which: Bonds .. .. 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. 397 1,320 785 50 374 709 Net flows on external debt .. .. -41 112 757 818 88 180 Cross-currency valuation .. .. -116 233 115 -235 149 176 9. Debt restructurings Total amount rescheduled .. .. 4 0 0 0 0 0 Total amount forgiven .. .. 0 0 0 0 0 0 Debt buyback .. .. 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 172 134 153 161 162 163 166 170 Interest 76 81 83 81 78 73 68 62 Private creditors Principal 476 371 334 208 161 132 105 86 Interest 82 61 46 33 25 18 13 8 Notes: Prior to 1999 data on long-term public and publicly guaranteed debt include only IBRD and IMF loans. Long-term private nonguaranteed debt data are World Bank staff estimates, includes intercompany debt starting from 2005. 49 BOTSWANA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 552.9 717.2 452.8 513.6 510.0 472.6 408.1 402.0 Long-term external debt 547.1 707.0 437.8 484.6 488.0 437.6 384.1 380.0 Public and publicly guaranteed 547.1 707.0 437.8 484.6 488.0 437.6 384.1 380.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 5.8 10.2 15.0 29.0 22.0 35.0 24.0 22.0 interest arrears on long-term 2.6 6.2 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 2.7 9.0 1.0 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 547.1 676.4 432.4 484.6 488.0 437.6 384.1 380.0 Long-term private sector debt 0.0 30.5 5.4 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 80.6 0.0 0.0 29.7 20.0 48.2 73.2 20.6 External debt flows Disbursements 27.0 67.4 28.0 13.5 22.1 37.5 2.6 21.4 Long-term external debt 27.0 67.4 28.0 13.5 22.1 37.5 2.6 21.4 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 66.5 63.9 52.1 38.0 36.8 39.0 42.2 45.8 Long-term external debt 66.5 63.9 52.1 38.0 36.8 39.0 42.2 45.8 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -39.4 4.0 -28.8 -11.6 -21.7 11.5 -50.6 -32.4 Long-term external debt -39.5 3.4 -24.1 -24.6 -14.7 -1.5 -39.6 -24.4 IMF flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.1 0.6 -4.7 13.0 -7.0 13.0 -11.0 -8.0 Interest payments 38.8 27.5 16.6 12.4 11.8 12.4 12.7 11.1 Long-term external debt 38.6 27.3 15.2 11.4 10.9 11.4 10.9 10.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.2 0.2 1.3 1.0 0.9 1.0 1.9 0.9 2. Other non-debt resource flows Foreign direct investment (net) 95.9 70.4 57.2 418.0 391.0 278.6 486.4 -28.6 Portfolio equity flows 0.0 5.5 -5.9 10.2 0.6 61.6 35.9 9.4 Profit remittances on FDI 406.9 415.7 657.9 1003.5 1092.3 1065.7 1042.5 631.8 Grants (excluding technical coop.) 78.4 28.6 18.1 14.9 30.3 35.7 47.8 91.8 of which: Debt forgiveness grants .. .. 2.7 2.8 1.0 5.5 4.5 2.6 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 59.1 51.4 18.2 27.2 33.1 30.2 36.4 21.9 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 6.9 7.2 6.5 7.7 8.3 Japanese yen 4.4 11.1 11.4 17.9 17.4 16.1 9.7 9.1 Pound sterling 10.1 3.8 2.3 5.5 5.3 4.9 5.7 5.3 Swiss franc 0.0 0.1 0.1 0.2 0.2 0.1 0.0 0.0 U.S.dollars 11.9 13.4 18.0 21.7 19.9 19.3 19.4 18.5 4. Average terms of new commitments Official creditors Interest (%) 5.6 0.0 0.0 3.2 3.1 1.6 4.7 3.8 Maturity (years) 17.6 0.0 0.0 14.9 20.5 12.0 17.8 19.6 Grace period (years) 4.5 0.0 0.0 5.1 5.0 3.0 5.2 5.1 Private creditors Interest (%) 8.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 11.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3685.7 4741.3 5825.9 7561.9 8800.9 9702.4 10233.9 11656.7 Exports of goods, services & income 2421.1 2903.8 3378.6 4050.2 4744.0 5836.0 5899.7 6645.7 Worker remit. & comp. of employees 86.0 59.0 26.0 39.0 93.1 125.0 116.8 141.2 Imports of goods & services 2508.9 2565.3 3050.2 3878.0 4910.4 4834.8 4752.5 5236.6 International reserves 3331.5 4695.5 6318.2 5339.8 5661.4 6309.1 7992.4 9789.7 Current account balance -19.3 299.7 545.2 462.2 308.9 1597.1 1939.8 2434.2 6. Ratios External debt stocks to exports (%) 22.8 24.7 13.4 12.7 10.8 8.1 6.9 6.0 External debt stocks to GNI (%) 15.0 15.1 7.8 6.8 5.8 4.9 4.0 3.4 Debt service to exports (%) 4.3 3.1 2.0 1.2 1.0 0.9 0.9 0.9 Short-term to external debt stocks (%) 1.0 1.4 3.3 5.6 4.3 7.4 5.9 5.5 Multilateral to external debt stocks (%) 70.0 70.1 65.7 64.8 64.3 60.8 65.9 63.3 Reserves to external debt stocks (%) 602.5 654.7 1,395.5 1,039.6 1,110.0 1,334.9 1,958.3 2,435.3 Reserves to imports (months) 15.9 22.0 24.9 16.5 13.8 15.7 20.2 22.4 50 BOTSWANA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 547.1 707.0 437.8 484.6 488.0 437.6 384.1 380.0 Public and publicly guaranteed 547.1 707.0 437.8 484.6 488.0 437.6 384.1 380.0 Official creditors 519.7 660.0 409.9 469.8 474.0 425.9 374.7 372.9 Multilateral 387.1 502.9 297.4 333.0 327.7 287.3 268.9 254.6 of which: IBRD 155.2 96.3 15.6 5.0 3.4 2.1 1.1 0.0 IDA 13.6 11.5 9.1 7.7 7.2 6.7 6.3 5.8 Bilateral 132.7 157.2 112.5 136.8 146.3 138.6 105.8 118.3 Private creditors 27.4 47.0 27.9 14.8 14.0 11.7 9.4 7.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.0 32.8 19.9 8.8 8.7 7.1 5.5 3.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 27.0 67.4 28.0 13.5 22.1 37.5 2.6 21.4 Public and publicly guaranteed 27.0 67.4 28.0 13.5 22.1 37.5 2.6 21.4 Official creditors 27.0 67.4 24.3 13.5 22.1 37.5 2.6 21.4 Multilateral 20.5 23.3 7.9 5.8 4.5 27.0 0.0 5.9 of which: IBRD 7.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 6.5 44.0 16.4 7.6 17.6 10.5 2.6 15.5 Private creditors 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 66.5 63.9 52.1 38.0 36.8 39.0 42.2 45.8 Public and publicly guaranteed 66.5 63.9 52.1 38.0 36.8 39.0 42.2 45.8 Official creditors 48.0 57.7 45.3 35.8 36.0 36.7 39.8 43.5 Multilateral 36.6 48.3 33.2 25.4 25.5 26.8 29.9 33.1 of which: IBRD 19.0 23.7 7.4 3.0 1.7 1.1 1.1 1.1 IDA 0.3 0.5 0.5 0.5 0.5 0.5 0.5 0.5 Bilateral 11.4 9.4 12.1 10.3 10.5 9.8 9.9 10.4 Private creditors 18.5 6.2 6.9 2.3 0.8 2.3 2.3 2.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.2 4.5 6.2 1.6 0.2 1.6 1.6 1.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 38.6 27.3 15.2 11.4 10.9 11.4 10.9 10.2 Public and publicly guaranteed 38.6 27.3 15.2 11.4 10.9 11.4 10.9 10.2 Official creditors 35.6 24.2 13.9 11.2 10.7 11.1 10.6 10.0 Multilateral 27.8 21.0 11.1 8.4 7.8 7.4 7.6 6.5 of which: IBRD 14.2 8.6 1.2 0.3 0.2 0.1 0.1 0.0 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 Bilateral 7.8 3.2 2.9 2.8 2.9 3.7 3.0 3.4 Private creditors 3.0 3.0 1.3 0.2 0.2 0.2 0.3 0.2 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 2.2 0.7 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 3.1 16.8 -51.5 25.2 -3.6 -37.4 -64.5 -12.1 Net flows on external debt -39.4 4.0 -28.8 -11.6 -21.7 11.5 -50.6 -32.4 Cross-currency valuation 21.2 0.2 -10.5 0.3 4.0 -24.3 -4.2 1.4 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 27.6 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 40.3 37.8 35.6 46.1 34.1 29.4 26.7 25.9 Interest 9.2 8.8 8.5 7.9 6.8 6.0 5.4 4.7 Private creditors Principal 4.6 0.7 0.6 0.6 0.6 0.0 0.0 0.0 Interest 0.5 0.2 0.2 0.1 0.0 0.0 0.0 0.0 51 BRAZIL (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 119,732 160,469 241,552 234,816 219,499 187,431 193,516 237,472 Long-term external debt 94,196 129,090 208,811 181,902 169,203 163,438 173,191 198,224 Public and publicly guaranteed 87,525 98,260 96,130 99,503 96,818 93,933 84,302 79,957 Private nonguaranteed 6,671 30,830 112,682 82,399 72,384 69,505 88,889 118,267 Use of IMF credit 1,821 142 1,768 28,317 25,029 0 0 0 Short-term external debt 23,715 31,238 30,973 24,597 25,268 23,993 20,325 39,248 interest arrears on long-term 8,790 1,546 176 3 1 0 2 2 Memorandum items Principal arrears on long-term 3,597 3,936 1,821 16 19 18 4 6 Long-term public sector debt 86,955 97,392 95,684 98,219 95,442 92,583 83,101 78,595 Long-term private sector debt 7,241 31,698 113,127 83,683 73,761 70,855 90,090 119,628 Public & publicly guaranteed commitments 3,012 7,606 30,534 18,524 10,034 12,627 9,038 7,008 External debt flows Disbursements 4,087 20,207 44,054 45,328 26,834 27,398 52,614 59,831 Long-term external debt 4,087 20,207 44,054 27,653 26,834 27,398 52,614 59,831 IMF purchases 0 0 0 17,674 0 0 0 0 Principal repayments 5,896 11,051 47,733 41,949 38,782 49,371 47,362 40,341 Long-term external debt 5,131 11,002 41,040 29,502 34,425 25,561 47,362 40,341 IMF repurchases 765 49 6,693 12,447 4,357 23,810 0 0 Net flows -1,710 8,797 -1,848 4,578 -11,275 -23,247 1,582 38,412 Long-term external debt -1,044 9,205 3,014 -1,848 -7,591 1,837 5,252 19,489 IMF flows -765 -49 -6,693 5,227 -4,357 -23,810 0 0 Short-term external debt 99 -359 1,831 1,199 673 -1,274 -3,670 18,923 Interest payments 2,260 10,522 17,111 16,327 14,707 13,271 14,783 14,978 Long-term external debt 2,029 8,719 15,280 13,890 11,549 10,292 13,148 13,016 IMF charges 231 10 336 757 1,208 1,079 109 0 Short-term external debt 0 1,792 1,494 1,680 1,950 1,900 1,526 1,962 2. Other non-debt resource flows Foreign direct investment (net) 989 4,859 32,779 10,144 18,166 15,066 18,782 34,585 Portfolio equity flows 103 2,775 3,076 2,973 2,081 6,451 7,716 26,217 Profit remittances on FDI 1,892 2,814 4,238 5,984 6,860 11,035 13,884 19,692 Grants (excluding technical coop.) 41 65 54 82 91 113 94 155 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 145 239 187 219 200 194 207 251 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 11.7 12.9 9.5 10.4 9.8 Japanese yen 7.4 8.7 7.4 6.7 6.9 6.1 5.4 4.6 Pound sterling 1.8 1.8 1.0 0.5 0.4 0.3 0.3 0.0 Swiss franc 1.0 0.3 0.3 0.2 0.1 0.1 0.0 0.0 U.S.dollars 60.5 68.3 70.4 75.3 74.2 79.3 79.0 80.8 4. Average terms of new commitments Official creditors Interest (%) 7.4 5.9 5.7 2.3 3.0 4.5 5.0 4.9 Maturity (years) 15.2 19.9 8.6 11.7 16.9 18.5 17.3 15.1 Grace period (years) 4.1 4.9 1.2 4.3 3.8 4.3 4.4 3.9 Private creditors Interest (%) 9.0 7.7 9.9 7.9 7.2 8.7 7.5 9.1 Maturity (years) 8.0 3.3 15.4 9.9 12.8 14.5 15.2 17.6 Grace period (years) 3.2 2.1 14.2 8.3 11.5 14.0 15.1 17.5 5. Major economic aggregates Gross national income (GNI) 449,672 757,886 626,768 534,438 644,646 845,618 1,042,616 1,272,274 Exports of goods, services & income 36,854 58,989 69,317 88,888 114,716 140,030 166,598 198,845 Worker remit. & comp. of employees 573 3,315 1,649 2,822 3,575 3,540 4,253 4,382 Imports of goods & services 40,949 77,855 93,950 85,559 103,788 127,123 154,393 198,605 International reserves 9,200 51,477 33,015 49,297 52,935 53,799 85,843 180,334 Current account balance -3,823 -18,136 -24,225 4,177 11,738 13,985 13,621 1,460 6. Ratios External debt stocks to exports (%) 324.9 272.0 348.5 264.2 191.3 133.9 116.2 119.4 External debt stocks to GNI (%) 26.6 21.2 38.5 43.9 34.0 22.2 18.6 18.7 Debt service to exports (%) 22.1 36.6 93.5 65.6 46.6 44.7 37.3 27.8 Short-term to external debt stocks (%) 19.8 19.5 12.8 10.5 11.5 12.8 10.5 16.5 Multilateral to external debt stocks (%) 9.5 5.8 7.6 8.7 8.9 10.3 11.2 9.7 Reserves to external debt stocks (%) 7.7 32.1 13.7 21.0 24.1 28.7 44.4 75.9 Reserves to imports (months) 2.7 7.9 4.2 6.9 6.1 5.1 6.7 10.9 52 BRAZIL (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 94,196 129,090 208,811 181,902 169,203 163,438 173,191 198,224 Public and publicly guaranteed 87,525 98,260 96,130 99,503 96,818 93,933 84,302 79,957 Official creditors 29,348 27,837 29,360 29,778 27,440 25,872 25,307 26,511 Multilateral 11,391 9,366 18,240 20,528 19,431 19,247 21,741 23,036 of which: IBRD 8,427 6,038 7,377 8,588 8,668 8,083 9,694 9,676 IDA 0 0 0 0 0 0 0 0 Bilateral 17,956 18,471 11,120 9,250 8,008 6,625 3,565 3,476 Private creditors 58,177 70,423 66,769 69,726 69,378 68,061 58,995 53,445 of which: Bonds 2,339 54,615 54,096 58,403 55,348 56,927 47,112 43,619 Commercial banks 47,461 12,159 11,484 10,562 13,215 10,468 11,862 9,193 Private nonguaranteed 6,671 30,830 112,682 82,399 72,384 69,505 88,889 118,267 of which: Bonds 0 11,290 16,846 42,018 38,376 35,969 38,764 45,311 Disbursements 4,087 20,207 44,054 27,653 26,834 27,398 52,614 59,831 Public and publicly guaranteed 3,212 8,111 19,639 12,352 12,730 13,192 11,114 6,695 Official creditors 1,322 2,005 5,257 3,339 2,784 3,324 4,146 2,566 Multilateral 1,001 1,257 4,468 2,344 1,937 2,324 3,753 2,472 of which: IBRD 782 838 1,692 1,291 1,447 773 2,203 606 IDA 0 0 0 0 0 0 0 0 Bilateral 321 747 790 995 847 1,000 392 94 Private creditors 1,890 6,107 14,381 9,013 9,946 9,868 6,969 4,129 of which: Bonds 200 1,661 10,836 8,000 5,743 8,252 5,614 2,977 Commercial banks 864 4,342 3,537 992 4,175 1,608 1,336 712 Private nonguaranteed 875 12,096 24,415 15,301 14,105 14,207 41,500 53,135 of which: Bonds 0 4,563 2,886 5,160 5,199 6,579 9,832 13,930 Principal repayments 5,131 11,002 41,040 29,502 34,425 25,561 47,362 40,341 Public and publicly guaranteed 4,123 6,522 17,226 13,870 13,218 9,255 24,448 13,999 Official creditors 1,956 3,719 7,048 5,593 5,440 3,301 4,538 2,276 Multilateral 1,518 1,683 4,308 3,593 3,414 1,757 1,496 1,664 of which: IBRD 1,251 1,377 887 1,633 1,564 1,029 743 805 IDA 0 0 0 0 0 0 0 0 Bilateral 439 2,035 2,740 2,001 2,025 1,544 3,042 612 Private creditors 2,167 2,804 10,178 8,276 7,778 5,954 19,911 11,723 of which: Bonds 71 919 8,397 3,815 5,707 4,187 17,801 7,866 Commercial banks 1,616 1,051 1,547 3,959 2,050 1,747 2,089 3,789 Private nonguaranteed 1,008 4,480 23,813 15,632 21,208 16,306 22,914 26,343 of which: Bonds 0 2,670 2,775 1,561 9,671 7,063 5,479 8,471 Interest payments 2,029 8,719 15,280 13,890 11,549 10,292 13,148 13,016 Public and publicly guaranteed 1,569 6,624 6,926 6,788 7,055 6,678 7,134 7,075 Official creditors 1,273 1,567 1,916 1,480 1,188 1,048 1,221 1,362 Multilateral 966 750 1,400 1,081 840 801 963 1,176 of which: IBRD 725 491 464 377 287 307 432 548 IDA 0 0 0 0 0 0 0 0 Bilateral 307 817 516 400 348 247 257 186 Private creditors 296 5,056 5,010 5,307 5,867 5,630 5,913 5,713 of which: Bonds 14 4,416 4,212 4,243 4,870 4,842 4,822 4,780 Commercial banks 46 376 759 1,054 994 785 1,088 904 Private nonguaranteed 460 2,095 8,355 7,102 4,494 3,614 6,014 5,940 of which: Bonds 0 837 1,562 1,921 3,046 2,161 3,799 3,454 8. Debt stock-flow reconciliation Total change in external debt stocks 5,375 8,075 -2,555 3,898 -15,317 -32,069 6,085 43,956 Net flows on external debt -1,710 8,797 -1,848 4,578 -11,275 -23,247 1,582 38,412 Cross-currency valuation 2,995 660 -2,445 6,532 2,676 -3,927 1,215 1,529 9. Debt restructurings Total amount rescheduled 1,316 234 0 0 86 4,271 0 28 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 776 0 6,342 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 3,062 2,936 3,120 3,147 3,231 2,662 2,157 2,016 Interest 1,432 1,352 1,226 1,089 939 787 667 562 Private creditors Principal 25,609 17,891 17,626 13,170 10,678 11,450 7,329 11,247 Interest 10,794 9,247 8,559 7,587 6,850 6,330 5,451 4,979 Notes: Short-term and long-term private non-guaranteed debt for 2007 are based on reports provided by the country. 53 BULGARIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 10,890 10,379 11,212 13,352 15,641 15,700 20,990 32,968 Long-term external debt 9,834 9,150 8,440 9,502 11,221 10,597 12,609 18,931 Public and publicly guaranteed 9,834 8,808 7,671 7,676 7,414 5,075 5,066 5,243 Private nonguaranteed 0 342 769 1,826 3,807 5,522 7,543 13,689 Use of IMF credit 0 717 1,322 1,188 1,183 660 341 0 Short-term external debt 1,056 512 1,450 2,663 3,237 4,442 8,040 14,036 interest arrears on long-term 226 74 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 356 227 1 0 0 0 0 0 Long-term public sector debt 9,834 8,808 7,671 7,676 7,414 5,075 5,066 5,200 Long-term private sector debt 0 342 769 1,826 3,807 5,522 7,543 13,732 Public & publicly guaranteed commitments 563 678 700 385 533 266 102 345 External debt flows Disbursements 875 259 995 1,042 3,054 3,710 3,616 7,741 Long-term external debt 875 259 719 896 2,977 3,710 3,616 7,741 IMF purchases 0 0 276 145 77 0 0 0 Principal repayments 865 565 712 634 1,806 3,352 1,992 3,033 Long-term external debt 865 319 573 527 1,674 2,909 1,645 2,686 IMF repurchases 0 246 139 107 132 443 346 347 Net flows -14 -194 465 1,231 1,823 1,564 5,222 10,705 Long-term external debt 11 -61 145 369 1,303 801 1,970 5,055 IMF flows 0 -246 137 38 -55 -443 -346 -347 Short-term external debt -24 113 183 824 574 1,206 3,598 5,996 Interest payments 510 575 584 484 543 613 744 1,205 Long-term external debt 452 501 456 395 424 445 489 644 IMF charges 0 50 63 20 31 37 24 9 Short-term external debt 58 24 65 69 89 130 230 552 2. Other non-debt resource flows Foreign direct investment (net) 4 90 1,002 2,097 2,662 4,312 7,507 8,974 Portfolio equity flows 0 0 5 -23 22 449 95 101 Profit remittances on FDI 0 0 107 551 755 912 1,684 1,863 Grants (excluding technical coop.) 3 22 130 211 393 0 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 1 91 150 182 202 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 30.2 39.5 48.4 50.7 52.4 Japanese yen 6.6 9.0 5.5 3.8 3.5 5.1 6.5 7.4 Pound sterling 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 7.7 1.1 0.3 0.0 0.0 0.0 0.0 0.0 U.S.dollars 42.1 66.1 80.1 64.8 55.8 44.9 41.7 39.3 4. Average terms of new commitments Official creditors Interest (%) 9.3 5.9 6.2 3.1 2.8 2.8 3.7 4.5 Maturity (years) 7.2 17.3 15.5 15.9 15.3 16.2 15.9 17.0 Grace period (years) 3.0 5.4 4.4 5.0 4.8 4.7 2.5 5.5 Private creditors Interest (%) 9.1 3.4 7.6 0.0 0.0 4.2 5.0 0.0 Maturity (years) 3.2 4.7 16.0 0.0 0.0 9.4 10.0 0.0 Grace period (years) 2.3 3.2 4.9 0.0 0.0 1.9 0.5 0.0 5. Major economic aggregates Gross national income (GNI) 19,083 12,681 12,281 20,311 24,953 27,271 30,998 39,124 Exports of goods, services & income 7,070 6,926 7,321 12,022 15,936 18,136 22,418 27,412 Worker remit. & comp. of employees 0 0 58 1,718 1,723 1,613 1,707 2,086 Imports of goods & services 8,905 7,084 8,314 13,058 18,093 22,034 28,501 36,194 International reserves .. 1,635 3,507 6,826 9,337 8,697 11,756 17,545 Current account balance -1,710 -26 -703 -1,022 -1,671 -3,347 -5,659 -8,716 6. Ratios External debt stocks to exports (%) 154.0 149.9 153.2 111.1 98.1 86.6 93.6 120.3 External debt stocks to GNI (%) 57.1 81.8 91.3 65.7 62.7 57.6 67.7 84.3 Debt service to exports (%) 19.4 16.5 17.7 9.3 14.7 21.9 12.2 15.5 Short-term to external debt stocks (%) 9.7 4.9 12.9 19.9 20.7 28.3 38.3 42.6 Multilateral to external debt stocks (%) 2.0 11.9 13.8 16.9 16.8 15.7 11.4 8.2 Reserves to external debt stocks (%) 0.0 15.8 31.3 51.1 59.7 55.4 56.0 53.2 Reserves to imports (months) .. 2.8 5.1 6.3 6.2 4.7 4.9 5.8 54 BULGARIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 9,834 9,150 8,440 9,502 11,221 10,597 12,609 18,931 Public and publicly guaranteed 9,834 8,808 7,671 7,676 7,414 5,075 5,066 5,243 Official creditors 1,669 2,950 2,603 2,937 3,286 3,045 3,012 3,363 Multilateral 222 1,230 1,542 2,261 2,634 2,457 2,392 2,688 of which: IBRD 0 444 824 1,266 1,498 1,453 1,331 1,604 IDA 0 0 0 0 0 0 0 0 Bilateral 1,447 1,720 1,061 676 652 587 620 675 Private creditors 8,165 5,857 5,068 4,739 4,127 2,030 2,054 1,880 of which: Bonds 327 5,412 4,982 4,586 3,945 1,920 1,937 1,792 Commercial banks 7,084 394 26 78 105 111 116 86 Private nonguaranteed 0 342 769 1,826 3,807 5,522 7,543 13,689 of which: Bonds 0 0 0 58 315 526 736 855 Disbursements 875 259 719 896 2,977 3,710 3,616 7,741 Public and publicly guaranteed 875 259 405 342 435 402 260 369 Official creditors 80 129 381 317 400 383 243 362 Multilateral 44 38 156 292 373 328 150 307 of which: IBRD 0 15 71 185 204 200 38 201 IDA 0 0 0 0 0 0 0 0 Bilateral 36 91 225 26 27 55 93 55 Private creditors 795 129 24 25 35 19 17 7 of which: Bonds 65 33 0 0 0 0 0 0 Commercial banks 652 96 24 25 35 19 16 7 Private nonguaranteed 0 0 313 554 2,542 3,308 3,355 7,372 of which: Bonds 0 0 0 52 253 249 215 0 Principal repayments 865 319 573 527 1,674 2,909 1,645 2,686 Public and publicly guaranteed 865 319 345 315 981 1,761 515 404 Official creditors 23 92 297 243 273 255 502 299 Multilateral 22 25 58 144 179 214 430 253 of which: IBRD 0 0 27 50 80 85 276 65 IDA 0 0 0 0 0 0 0 0 Bilateral 1 67 239 99 93 41 73 47 Private creditors 842 228 48 71 708 1,507 13 105 of which: Bonds 0 39 46 67 696 1,496 0 87 Commercial banks 241 182 1 1 9 11 13 18 Private nonguaranteed 0 0 229 212 693 1,147 1,130 2,282 of which: Bonds 0 0 0 0 0 10 49 0 Interest payments 452 501 456 395 424 445 489 644 Public and publicly guaranteed 452 501 424 349 351 327 352 326 Official creditors 14 178 139 100 94 93 100 129 Multilateral 13 61 81 79 75 75 82 110 of which: IBRD 0 31 49 42 41 40 44 62 IDA 0 0 0 0 0 0 0 0 Bilateral 0 118 58 21 19 18 19 19 Private creditors 438 323 285 249 256 234 252 197 of which: Bonds 15 315 284 246 253 229 245 190 Commercial banks 337 7 0 2 4 5 7 7 Private nonguaranteed 0 0 32 46 73 118 137 318 of which: Bonds 0 0 0 4 5 30 44 55 8. Debt stock-flow reconciliation Total change in external debt stocks 753 550 192 1,873 2,289 59 5,290 11,978 Net flows on external debt -14 -194 465 1,231 1,823 1,564 5,222 10,705 Cross-currency valuation 617 107 -215 635 220 -488 280 299 9. Debt restructurings Total amount rescheduled 0 84 0 0 0 0 0 0 Total amount forgiven 0 0 10 5 0 72 14 20 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 495 396 257 246 257 283 284 271 Interest 168 147 131 121 110 99 86 72 Private creditors Principal 2,536 3,719 1,884 1,425 1,243 1,977 662 1,590 Interest 606 528 439 369 322 349 251 122 55 BURKINA FASO (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 832 1,271 1,422 1,735 2,007 2,003 1,123 1,461 Long-term external debt 748 1,140 1,226 1,597 1,863 1,879 1,003 1,268 Public and publicly guaranteed 748 1,140 1,226 1,597 1,863 1,879 1,003 1,268 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 75 112 125 115 104 35 37 Short-term external debt 84 56 84 14 29 21 85 155 interest arrears on long-term 21 12 5 0 0 0 0 0 Memorandum items Principal arrears on long-term 64 37 42 34 33 36 39 40 Long-term public sector debt 747 1,140 1,226 1,597 1,863 1,879 1,003 1,268 Long-term private sector debt 1 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 90 37 53 271 180 235 298 389 External debt flows Disbursements 77 139 99 127 256 219 301 234 Long-term external debt 77 112 91 122 250 204 282 233 IMF purchases 0 27 7 5 5 15 19 1 Principal repayments 19 28 33 31 35 29 34 26 Long-term external debt 18 28 26 27 32 25 34 26 IMF repurchases 1 0 7 3 3 4 0 0 Net flows 68 124 47 101 236 183 331 289 Long-term external debt 59 83 65 95 218 179 248 207 IMF flows 0 0 0 0 0 0 0 0 Short-term external debt 10 14 -19 5 15 -8 64 81 Interest payments 16 20 14 16 17 17 17 17 Long-term external debt 10 18 12 15 16 16 16 12 IMF charges 0 0 1 1 1 0 0 0 Short-term external debt 6 2 1 0 1 1 2 5 2. Other non-debt resource flows Foreign direct investment (net) 0 10 23 29 14 34 34 600 Portfolio equity flows 0 0 -3 0 0 0 0 0 Profit remittances on FDI 6 0 3 0 0 0 0 0 Grants (excluding technical coop.) 158 242 375 345 410 432 1,669 635 of which: Debt forgiveness grants .. .. 31 49 56 41 1,217 17 IDA grants .. .. .. 53 1 22 36 90 Memo: technical coop. grants 112 123 76 104 103 96 126 111 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 3.3 2.6 1.9 6.6 7.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.5 0.3 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 39.1 55.5 59.4 59.7 58.7 56.5 40.1 39.3 4. Average terms of new commitments Official creditors Interest (%) 2.5 0.8 1.4 0.8 0.8 0.9 0.8 1.3 Maturity (years) 27.6 39.9 37.1 43.5 36.2 35.9 40.8 32.6 Grace period (years) 8.7 10.4 7.8 9.9 8.6 8.8 10.0 8.5 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 4.2 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 11.2 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 1.7 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,094 2,369 2,606 4,269 5,102 5,411 5,756 6,720 Exports of goods, services & income 506 .. 313 .. .. .. .. .. Worker remit. & comp. of employees 140 80 67 50 50 50 50 50 Imports of goods & services 776 .. 691 .. .. .. .. .. International reserves 305 347 244 752 669 438 555 1,029 Current account balance -77 .. -319 .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 164.3 .. 454.3 .. .. .. .. .. External debt stocks to GNI (%) 26.9 53.6 54.6 40.6 39.3 37.0 19.5 21.7 Debt service to exports (%) 6.8 .. 14.9 .. .. .. .. .. Short-term to external debt stocks (%) 10.1 4.4 5.9 0.8 1.4 1.1 7.6 10.6 Multilateral to external debt stocks (%) 67.7 77.2 72.0 83.5 84.1 85.3 70.2 68.0 Reserves to external debt stocks (%) 36.6 27.3 17.1 43.3 33.3 21.9 49.4 70.4 Reserves to imports (months) 4.7 .. 4.2 .. .. .. .. .. 56 BURKINA FASO (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 748 1,140 1,226 1,597 1,863 1,879 1,003 1,268 Public and publicly guaranteed 748 1,140 1,226 1,597 1,863 1,879 1,003 1,268 Official creditors 710 1,135 1,222 1,597 1,863 1,879 991 1,243 Multilateral 563 981 1,024 1,449 1,689 1,709 789 994 of which: IBRD 0 0 0 0 0 0 0 0 IDA 282 608 593 861 1,027 1,043 371 468 Bilateral 147 154 198 148 175 169 202 249 Private creditors 38 5 3 0 0 0 12 26 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 77 112 91 122 250 204 282 233 Public and publicly guaranteed 77 112 91 122 250 204 282 233 Official creditors 77 112 91 122 250 204 271 219 Multilateral 43 106 76 109 204 191 233 171 of which: IBRD 0 0 0 0 0 0 0 0 IDA 15 85 38 55 132 107 125 80 Bilateral 34 6 16 13 46 13 38 48 Private creditors 0 0 0 0 0 0 12 14 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 18 28 26 27 32 25 34 26 Public and publicly guaranteed 18 28 26 27 32 25 34 26 Official creditors 18 28 26 27 32 25 34 24 Multilateral 13 24 20 19 24 17 25 11 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 4 1 3 4 5 7 0 Bilateral 4 4 6 8 8 8 9 12 Private creditors 0 0 0 0 0 0 0 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 10 18 12 15 16 16 16 12 Public and publicly guaranteed 10 18 12 15 16 16 16 12 Official creditors 10 18 12 15 16 16 15 12 Multilateral 7 11 9 12 13 14 13 9 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 4 4 5 7 8 5 4 Bilateral 3 6 2 3 3 2 3 3 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 115 139 -161 189 272 -4 -880 349 Net flows on external debt 68 124 47 101 236 183 331 289 Cross-currency valuation 25 -20 -229 97 50 -125 -876 5 9. Debt restructurings Total amount rescheduled 0 0 17 0 119 0 0 0 Total amount forgiven 5 15 4 17 17 29 7 1 Debt buyback 0 0 92 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 42 45 46 49 54 61 64 67 Interest 17 18 19 19 19 18 18 17 Private creditors Principal 3 3 3 3 3 3 3 3 Interest 1 1 1 1 1 0 0 0 Notes: Burkina Faso was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 57 BURUNDI (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 907 1,162 1,108 1,328 1,390 1,322 1,412 1,456 Long-term external debt 851 1,099 1,036 1,252 1,327 1,230 1,291 1,344 Public and publicly guaranteed 851 1,099 1,036 1,252 1,327 1,230 1,291 1,344 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 43 48 7 29 41 58 83 98 Short-term external debt 13 15 65 48 23 34 38 14 interest arrears on long-term 0 2 20 48 20 33 37 13 Memorandum items Principal arrears on long-term 0 3 82 114 67 72 74 50 Long-term public sector debt 849 1,099 1,036 1,252 1,327 1,230 1,291 1,344 Long-term private sector debt 2 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 126 39 50 0 97 39 45 14 External debt flows Disbursements 96 45 41 73 86 63 72 45 Long-term external debt 96 45 41 60 47 42 51 34 IMF purchases 0 0 0 13 39 21 21 11 Principal repayments 28 27 14 21 71 27 29 28 Long-term external debt 28 18 9 21 43 27 29 28 IMF repurchases 1 9 5 0 29 0 0 0 Net flows 65 26 18 -8 17 34 43 17 Long-term external debt 68 27 32 39 4 15 22 6 IMF flows 0 0 0 13 -29 0 0 0 Short-term external debt -3 8 -9 -60 3 -2 0 0 Interest payments 14 12 8 8 17 12 10 11 Long-term external debt 12 11 4 7 16 12 9 11 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 2 1 3 1 0 0 0 0 2. Other non-debt resource flows Foreign direct investment (net) 1 2 12 0 0 1 0 1 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 3 3 0 5 6 2 3 5 Grants (excluding technical coop.) 135 229 59 172 259 288 330 415 of which: Debt forgiveness grants .. .. 4 3 7 14 4 24 IDA grants .. .. .. 1 14 23 68 61 Memo: technical coop. grants 60 44 15 31 27 39 50 40 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 9.8 12.0 11.1 11.4 11.9 Japanese yen 2.0 2.9 2.8 2.5 1.5 1.4 0.7 0.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.3 55.1 59.4 60.4 60.9 61.8 61.3 60.4 4. Average terms of new commitments Official creditors Interest (%) 0.9 0.8 1.7 0.0 0.8 0.8 0.0 0.3 Maturity (years) 40.4 38.0 31.3 0.0 40.3 47.8 38.3 36.9 Grace period (years) 10.3 9.9 8.2 0.0 10.5 10.2 1.8 9.9 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,117 988 723 577 646 776 870 942 Exports of goods, services & income 98 140 55 46 65 95 98 93 Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services 341 282 165 194 253 344 460 449 International reserves 112 216 38 67 66 101 131 177 Current account balance -69 10 -50 -24 -33 -10 -134 -116 6. Ratios External debt stocks to exports (%) 928.7 831.6 1,999.7 2,880.8 2,140.1 1,393.4 1,443.5 1,572.8 External debt stocks to GNI (%) 81.2 117.6 153.2 230.1 215.1 170.3 162.3 154.6 Debt service to exports (%) 43.4 27.6 39.4 63.5 135.3 41.5 39.9 42.6 Short-term to external debt stocks (%) 1.5 1.3 5.9 3.6 1.6 2.6 2.7 0.9 Multilateral to external debt stocks (%) 72.7 80.1 80.4 81.4 81.8 80.3 79.6 80.9 Reserves to external debt stocks (%) 12.3 18.6 3.4 5.1 4.8 7.6 9.3 12.2 Reserves to imports (months) 3.9 9.2 2.7 4.2 3.1 3.5 3.4 4.7 58 BURUNDI (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 851 1,099 1,036 1,252 1,327 1,230 1,291 1,344 Public and publicly guaranteed 851 1,099 1,036 1,252 1,327 1,230 1,291 1,344 Official creditors 842 1,098 1,032 1,241 1,320 1,227 1,291 1,343 Multilateral 660 930 890 1,081 1,137 1,062 1,124 1,178 of which: IBRD 0 0 0 0 0 0 0 0 IDA 398 591 600 732 793 751 797 830 Bilateral 182 167 142 160 183 166 167 166 Private creditors 9 2 4 11 7 2 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 96 45 41 60 47 42 51 34 Public and publicly guaranteed 96 45 41 60 47 42 51 34 Official creditors 93 45 38 49 47 42 49 34 Multilateral 64 41 38 49 47 42 49 32 of which: IBRD 0 0 0 0 0 0 0 0 IDA 49 27 36 41 43 27 29 19 Bilateral 30 4 0 0 0 0 0 2 Private creditors 2 0 3 11 0 0 2 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 28 18 9 21 43 27 29 28 Public and publicly guaranteed 28 18 9 21 43 27 29 28 Official creditors 19 17 9 18 38 23 25 28 Multilateral 11 12 9 17 38 22 25 27 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 3 9 14 14 9 16 18 Bilateral 8 5 0 0 0 0 0 1 Private creditors 8 1 0 4 5 5 4 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 12 11 4 7 16 12 9 11 Public and publicly guaranteed 12 11 4 7 16 12 9 11 Official creditors 11 11 4 7 16 12 9 11 Multilateral 9 9 4 7 15 12 9 9 of which: IBRD 0 0 0 0 0 0 0 0 IDA 3 5 4 5 6 4 6 6 Bilateral 2 2 0 0 1 0 1 2 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 18 35 -27 114 62 -69 90 44 Net flows on external debt 65 26 18 -8 17 34 43 17 Cross-currency valuation 26 -30 -38 77 45 -93 39 54 9. Debt restructurings Total amount rescheduled 0 0 0 0 54 0 4 3 Total amount forgiven 105 16 0 0 1 9 8 19 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 47 44 43 44 45 47 46 49 Interest 10 10 9 9 9 8 8 8 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 59 CAMBODIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 1,845 2,284 2,628 3,193 3,439 3,515 3,527 3,761 Long-term external debt 1,683 2,110 2,328 2,868 3,080 3,155 3,318 3,537 Public and publicly guaranteed 1,683 2,110 2,328 2,868 3,080 3,155 3,318 3,537 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 27 72 73 104 97 81 0 0 Short-term external debt 136 102 227 221 262 279 209 224 interest arrears on long-term 103 90 131 207 228 243 173 164 Memorandum items Principal arrears on long-term 393 653 1,275 1,401 1,444 1,485 1,508 1,545 Long-term public sector debt 1,683 2,110 2,328 2,868 3,080 3,155 3,318 3,537 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 161 185 283 218 208 149 390 External debt flows Disbursements 0 123 90 183 168 168 153 154 Long-term external debt 0 80 79 172 168 168 153 154 IMF purchases 0 42 11 12 0 0 0 0 Principal repayments 0 5 14 16 15 16 15 13 Long-term external debt 0 5 7 3 5 8 15 13 IMF repurchases 0 0 7 13 10 9 0 0 Net flows 15 100 128 156 172 154 138 159 Long-term external debt 0 75 72 168 163 160 138 141 IMF flows 0 0 -1 -1 0 0 0 0 Short-term external debt 15 -18 52 -10 20 2 0 18 Interest payments 30 3 18 9 12 15 15 17 Long-term external debt 29 1 12 8 11 12 13 15 IMF charges 0 1 1 1 0 0 0 0 Short-term external debt 1 1 5 0 1 2 2 2 2. Other non-debt resource flows Foreign direct investment (net) 0 151 149 84 131 381 483 867 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 0 -4 123 160 205 227 270 353 Grants (excluding technical coop.) 23 312 201 195 182 232 332 414 of which: Debt forgiveness grants .. .. 0 0 0 0 84 1 IDA grants .. .. .. 1 1 2 6 23 Memo: technical coop. grants 19 143 100 162 155 182 181 131 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 0.9 0.9 0.8 0.8 0.9 Japanese yen 0.6 0.4 0.3 1.0 1.2 1.1 1.2 1.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 12.6 27.2 30.2 37.2 39.2 39.4 39.0 39.0 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.8 1.3 1.1 0.9 1.4 1.0 1.5 Maturity (years) 0.0 37.5 30.3 32.7 30.3 26.9 26.2 23.6 Grace period (years) 0.0 9.7 8.2 9.2 8.9 9.2 9.8 7.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. 3,182 3,623 4,543 5,289 6,200 7,003 7,990 Exports of goods, services & income .. 989 1,993 2,803 3,586 4,256 5,260 5,932 Worker remit. & comp. of employees 0 12 121 138 177 200 297 353 Imports of goods & services .. 1,442 2,453 3,325 4,053 4,897 5,922 6,799 International reserves .. 192 611 982 1,118 1,158 1,411 2,140 Current account balance .. -186 -136 -233 -183 -360 -339 -506 6. Ratios External debt stocks to exports (%) .. 230.9 131.9 113.9 95.9 82.6 67.0 63.4 External debt stocks to GNI (%) .. 71.8 72.5 70.3 65.0 56.7 50.4 47.1 Debt service to exports (%) .. 0.7 1.6 0.9 0.8 0.7 0.6 0.5 Short-term to external debt stocks (%) 7.3 4.5 8.6 6.9 7.6 7.9 5.9 6.0 Multilateral to external debt stocks (%) 0.1 5.2 14.5 26.8 29.5 30.1 33.1 34.5 Reserves to external debt stocks (%) 0.0 8.4 23.3 30.8 32.5 32.9 40.0 56.9 Reserves to imports (months) .. 1.6 3.0 3.5 3.3 2.8 2.9 3.8 60 CAMBODIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 1,683 2,110 2,328 2,868 3,080 3,155 3,318 3,537 Public and publicly guaranteed 1,683 2,110 2,328 2,868 3,080 3,155 3,318 3,537 Official creditors 1,683 2,097 2,328 2,868 3,080 3,155 3,318 3,537 Multilateral 1 118 381 855 1,013 1,059 1,168 1,298 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 65 207 400 467 462 500 535 Bilateral 1,681 1,979 1,947 2,013 2,066 2,096 2,150 2,239 Private creditors 0 13 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 0 80 79 172 168 168 153 154 Public and publicly guaranteed 0 80 79 172 168 168 153 154 Official creditors 0 64 79 172 168 168 153 154 Multilateral 0 61 78 142 119 130 79 78 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 25 37 63 48 36 19 18 Bilateral 0 4 1 29 49 38 74 76 Private creditors 0 16 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 5 7 3 5 8 15 13 Public and publicly guaranteed 0 5 7 3 5 8 15 13 Official creditors 0 2 7 3 5 8 15 13 Multilateral 0 0 0 2 3 5 9 11 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 1 2 4 5 Bilateral 0 2 7 2 2 2 6 2 Private creditors 0 3 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 29 1 12 8 11 12 13 15 Public and publicly guaranteed 29 1 12 8 11 12 13 15 Official creditors 29 1 12 8 11 12 13 15 Multilateral 0 1 3 6 9 10 10 11 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 1 2 4 4 4 4 Bilateral 29 0 9 2 2 3 3 4 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 0 375 111 293 246 76 11 228 Net flows on external debt 15 100 128 156 172 154 138 159 Cross-currency valuation 0 0 -28 81 49 -111 52 72 9. Debt restructurings Total amount rescheduled 0 224 0 0 0 0 0 1 Total amount forgiven 0 5 0 0 0 0 22 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 59 61 62 71 75 88 114 114 Interest 29 31 33 34 34 33 33 31 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Cambodia was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 61 CAMEROON (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 6,421 10,807 10,230 10,876 10,368 7,357 3,364 3,162 Long-term external debt 5,364 9,765 8,771 10,168 9,423 6,678 2,760 2,840 Public and publicly guaranteed 5,134 9,477 8,454 9,553 8,791 6,085 2,270 2,204 Private nonguaranteed 230 288 317 615 632 592 489 636 Use of IMF credit 121 51 235 347 333 272 8 17 Short-term external debt 936 991 1,224 361 611 407 596 305 interest arrears on long-term 168 349 205 77 218 353 528 106 Memorandum items Principal arrears on long-term 309 474 322 59 103 76 119 32 Long-term public sector debt 5,011 9,400 8,407 9,553 8,791 6,085 2,270 2,204 Long-term private sector debt 353 365 364 615 632 592 489 636 Public & publicly guaranteed commitments 479 197 100 92 215 47 161 535 External debt flows Disbursements 699 174 354 180 274 231 164 304 Long-term external debt 699 161 286 158 274 227 160 296 IMF purchases 0 13 69 22 0 4 4 8 Principal repayments 267 216 269 253 363 577 379 368 Long-term external debt 266 210 251 242 340 538 358 368 IMF repurchases 1 6 17 11 23 39 21 0 Net flows 669 118 -19 -381 19 -684 -201 -4 Long-term external debt 433 -49 35 -84 -66 -311 -198 -72 IMF flows 0 7 -17 0 0 0 0 0 Short-term external debt 237 160 -105 -308 109 -339 14 60 Interest payments 246 214 288 187 246 245 140 142 Long-term external debt 192 173 214 173 232 231 136 137 IMF charges 11 2 2 2 2 1 0 0 Short-term external debt 42 38 72 13 12 12 4 4 2. Other non-debt resource flows Foreign direct investment (net) -113 7 159 220 86 244 16 433 Portfolio equity flows 0 0 0 0 -8 -4 -6 -13 Profit remittances on FDI 138 21 41 124 183 289 10 260 Grants (excluding technical coop.) 313 205 172 795 607 341 3,014 1,790 of which: Debt forgiveness grants .. .. 278 682 428 208 2,722 1,365 IDA grants .. .. .. 16 0 0 29 12 Memo: technical coop. grants 126 124 93 138 151 149 178 196 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 65.7 71.7 66.2 78.0 72.9 Japanese yen 0.3 0.3 0.5 1.0 1.1 1.3 0.0 0.0 Pound sterling 2.4 1.3 2.0 1.6 1.7 1.7 0.0 0.0 Swiss franc 1.2 1.1 0.7 0.8 0.8 0.6 0.4 0.3 U.S.dollars 11.5 9.8 24.7 24.0 17.0 20.8 10.4 12.2 4. Average terms of new commitments Official creditors Interest (%) 6.6 2.6 0.9 1.3 1.5 0.4 2.3 1.4 Maturity (years) 15.3 23.3 38.6 24.5 33.5 30.7 21.8 33.2 Grace period (years) 5.3 7.7 9.5 7.2 7.9 9.2 2.4 7.4 Private creditors Interest (%) 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 10,674 8,205 9,464 13,097 15,374 16,126 17,706 20,607 Exports of goods, services & income 2,535 2,062 2,614 3,297 4,040 4,064 4,685 5,164 Worker remit. & comp. of employees 23 11 11 76 103 77 130 167 Imports of goods & services 3,041 2,032 2,960 3,986 4,725 5,010 5,031 5,974 International reserves 37 15 220 652 842 965 1,735 2,932 Current account balance -551 90 -249 -628 -626 -777 -151 -547 6. Ratios External debt stocks to exports (%) 253.3 524.2 391.3 329.9 256.6 181.0 71.8 61.2 External debt stocks to GNI (%) 60.2 131.7 108.1 83.0 67.4 45.6 19.0 15.3 Debt service to exports (%) 20.2 20.8 21.3 13.4 15.1 20.2 11.1 9.9 Short-term to external debt stocks (%) 14.6 9.2 12.0 3.3 5.9 5.5 17.7 9.6 Multilateral to external debt stocks (%) 20.2 15.4 13.8 14.4 16.7 21.4 14.8 18.6 Reserves to external debt stocks (%) 0.6 0.1 2.2 6.0 8.1 13.1 51.6 92.7 Reserves to imports (months) 0.1 0.1 0.9 2.0 2.1 2.3 4.1 5.9 62 CAMEROON (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 5,364 9,765 8,771 10,168 9,423 6,678 2,760 2,840 Public and publicly guaranteed 5,134 9,477 8,454 9,553 8,791 6,085 2,270 2,204 Official creditors 3,782 8,714 8,219 9,466 8,680 5,977 2,179 2,172 Multilateral 1,299 1,664 1,410 1,570 1,732 1,578 498 587 of which: IBRD 633 624 214 145 117 84 46 40 IDA 238 443 769 944 1,083 1,032 170 198 Bilateral 2,483 7,050 6,809 7,896 6,948 4,399 1,681 1,585 Private creditors 1,351 763 235 86 111 108 91 33 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 382 290 166 47 44 41 46 3 Private nonguaranteed 230 288 317 615 632 592 489 636 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 699 161 286 158 274 227 160 296 Public and publicly guaranteed 646 161 247 146 200 130 121 214 Official creditors 542 161 247 146 200 130 120 214 Multilateral 195 81 115 106 177 68 86 117 of which: IBRD 70 6 0 35 5 0 0 0 IDA 0 35 55 36 107 31 29 20 Bilateral 347 80 133 40 23 62 34 97 Private creditors 105 0 0 0 0 0 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 0 0 0 0 0 1 0 Private nonguaranteed 53 0 39 12 74 98 39 82 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 266 210 251 242 340 538 358 368 Public and publicly guaranteed 136 182 165 182 291 397 197 185 Official creditors 95 145 161 169 291 397 197 166 Multilateral 66 129 95 76 87 92 88 37 of which: IBRD 40 90 52 35 34 32 39 5 IDA 3 4 7 7 10 12 8 0 Bilateral 28 16 66 94 204 304 108 129 Private creditors 41 36 4 13 0 0 0 19 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 28 25 4 11 0 0 0 16 Private nonguaranteed 130 28 86 60 49 141 161 183 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 192 173 214 173 232 231 136 137 Public and publicly guaranteed 176 162 198 126 184 181 79 95 Official creditors 121 152 197 126 184 180 79 72 Multilateral 71 80 48 31 33 27 20 18 of which: IBRD 48 55 22 10 7 5 4 2 IDA 2 3 5 6 9 8 5 2 Bilateral 49 72 149 95 151 153 59 54 Private creditors 55 10 1 0 0 1 0 23 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 39 5 1 0 0 0 0 23 Private nonguaranteed 17 11 17 47 48 51 57 42 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,180 1,679 -230 1,125 -508 -3,011 -3,993 -273 Net flows on external debt 669 118 -19 -381 19 -684 -201 -4 Cross-currency valuation 312 354 -493 1,272 582 -1,001 -630 234 9. Debt restructurings Total amount rescheduled 75 1,070 206 85 54 68 20 1 Total amount forgiven 10 0 4 300 249 164 2,866 144 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 196 218 180 179 146 143 141 140 Interest 75 71 64 59 53 49 45 41 Private creditors Principal 134 101 93 81 73 62 37 32 Interest 39 31 37 30 23 19 15 12 Notes: Cameroon was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Data on public and publicly guaranteed debt include World Bank staff estimates of the effects of the Paris Club debt restructuring agreements signed in 2006. Historical data on public and publiclyguaranteed debt have been revised, based on reports provided by the country. 63 CAPE VERDE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 133.8 213.8 325.2 471.7 500.5 520.2 573.0 598.5 Long-term external debt 129.1 184.6 312.6 428.0 448.5 458.7 504.3 559.5 Public and publicly guaranteed 129.1 184.6 312.6 428.0 448.5 458.7 504.3 559.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 7.3 9.6 12.3 13.0 13.5 Short-term external debt 4.7 29.2 12.6 36.4 42.4 49.1 55.7 25.6 interest arrears on long-term 2.3 4.6 3.9 1.8 1.0 0.9 0.7 1.3 Memorandum items Principal arrears on long-term 11.1 19.6 32.2 7.7 2.6 3.2 2.4 2.4 Long-term public sector debt 129.1 184.6 312.6 428.0 448.5 458.7 504.3 559.5 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 35.9 11.5 15.0 27.0 37.5 88.8 28.5 209.9 External debt flows Disbursements 12.1 21.4 28.8 37.7 28.7 77.1 48.0 51.1 Long-term external debt 12.1 21.4 28.8 34.3 26.8 73.4 48.0 51.1 IMF purchases 0.0 0.0 0.0 3.4 1.8 3.7 0.0 0.0 Principal repayments 3.7 5.6 11.1 13.9 17.7 28.5 24.9 22.6 Long-term external debt 3.7 5.6 11.1 13.9 17.7 28.5 24.9 22.4 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Net flows 10.7 34.4 10.6 36.6 17.8 55.3 29.9 -2.3 Long-term external debt 8.3 15.8 17.7 20.4 9.2 44.9 23.1 28.6 IMF flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 2.4 18.7 -7.1 12.8 6.8 6.8 6.8 -30.7 Interest payments 2.0 4.1 5.0 5.7 7.0 8.0 7.8 7.1 Long-term external debt 1.9 3.4 4.7 4.7 5.7 6.6 6.1 6.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 Short-term external debt 0.1 0.8 0.3 1.0 1.2 1.4 1.6 0.8 2. Other non-debt resource flows Foreign direct investment (net) 0.3 26.2 33.4 39.3 67.6 16.7 122.6 130.3 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.3 5.4 Profit remittances on FDI 0.0 0.5 5.1 2.8 3.8 10.3 29.5 21.4 Grants (excluding technical coop.) 77.5 61.4 43.6 57.2 71.0 74.3 58.5 79.9 of which: Debt forgiveness grants .. .. 0.1 0.1 0.4 0.1 0.1 0.1 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 18.0 40.4 29.5 56.5 42.7 43.0 43.1 46.1 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 13.3 12.7 13.4 15.0 16.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 38.5 35.3 55.8 55.9 57.2 53.9 53.0 49.3 4. Average terms of new commitments Official creditors Interest (%) 1.5 0.8 0.8 1.3 2.6 3.5 2.8 1.3 Maturity (years) 42.6 39.8 45.9 26.8 27.8 32.5 38.2 25.7 Grace period (years) 9.1 10.3 9.3 6.3 6.2 8.4 8.7 8.2 Private creditors Interest (%) 0.0 0.0 5.5 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 10.6 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 2.2 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 340.5 485.3 520.0 781.0 907.0 972.3 1136.7 1385.2 Exports of goods, services & income 119.3 191.4 236.6 379.8 427.0 521.2 673.6 787.9 Worker remit. & comp. of employees 59.0 106.0 87.0 108.5 113.4 136.6 136.6 138.9 Imports of goods & services 153.1 300.7 343.6 579.3 678.3 698.2 872.4 1091.0 International reserves 77.0 36.9 28.3 93.6 139.5 174.0 254.5 281.2 Current account balance -3.8 -61.6 -58.0 -90.6 -130.0 -34.6 -40.0 -132.6 6. Ratios External debt stocks to exports (%) 112.1 111.7 137.4 124.2 117.2 99.8 85.1 76.0 External debt stocks to GNI (%) 39.3 44.1 62.5 60.4 55.2 53.5 50.4 43.2 Debt service to exports (%) 4.8 5.1 6.8 5.2 5.8 7.0 4.8 3.8 Short-term to external debt stocks (%) 3.5 13.7 3.9 7.7 8.5 9.4 9.7 4.3 Multilateral to external debt stocks (%) 65.0 67.3 70.5 70.2 72.7 71.5 71.2 75.3 Reserves to external debt stocks (%) 57.5 17.3 8.7 19.8 27.9 33.4 44.4 47.0 Reserves to imports (months) 6.0 1.5 1.0 1.9 2.5 3.0 3.5 3.1 64 CAPE VERDE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 129.1 184.6 312.6 428.0 448.5 458.7 504.3 559.5 Public and publicly guaranteed 129.1 184.6 312.6 428.0 448.5 458.7 504.3 559.5 Official creditors 126.6 178.2 305.2 407.4 428.7 437.4 487.4 545.1 Multilateral 87.0 143.9 229.2 331.3 363.7 371.8 408.2 450.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 13.6 33.0 97.9 173.3 194.6 205.1 235.9 267.4 Bilateral 39.6 34.2 75.9 76.1 65.0 65.6 79.3 94.3 Private creditors 2.5 6.4 7.5 20.6 19.9 21.2 16.8 14.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 2.6 2.2 1.5 1.1 0.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 12.1 21.4 28.8 34.3 26.8 73.4 48.0 51.1 Public and publicly guaranteed 12.1 21.4 28.8 34.3 26.8 73.4 48.0 51.1 Official creditors 12.1 17.1 28.8 32.5 26.8 64.1 48.0 51.1 Multilateral 6.0 14.9 23.5 32.3 26.0 48.0 29.3 34.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.0 6.0 10.4 19.0 13.8 27.2 22.1 22.7 Bilateral 6.1 2.2 5.3 0.2 0.9 16.1 18.7 16.6 Private creditors 0.0 4.2 0.0 1.8 0.0 9.3 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 1.8 0.0 0.8 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 3.7 5.6 11.1 13.9 17.7 28.5 24.9 22.4 Public and publicly guaranteed 3.7 5.6 11.1 13.9 17.7 28.5 24.9 22.4 Official creditors 3.6 5.6 9.3 11.2 15.7 23.2 18.5 18.3 Multilateral 2.5 4.8 6.1 6.6 7.4 12.2 8.6 9.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.3 0.7 1.1 1.4 1.5 1.8 Bilateral 1.1 0.8 3.2 4.6 8.3 11.0 9.9 9.0 Private creditors 0.1 0.0 1.8 2.6 2.0 5.3 6.4 4.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.5 1.3 0.5 0.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.9 3.4 4.7 4.7 5.7 6.6 6.1 6.3 Public and publicly guaranteed 1.9 3.4 4.7 4.7 5.7 6.6 6.1 6.3 Official creditors 1.9 3.4 3.8 4.5 5.3 5.6 5.6 6.0 Multilateral 1.2 3.3 2.7 3.0 3.7 4.0 4.1 4.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.7 1.1 1.5 1.6 1.7 1.8 Bilateral 0.7 0.1 1.1 1.4 1.7 1.6 1.6 1.8 Private creditors 0.0 0.0 0.9 0.3 0.4 1.0 0.5 0.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.1 0.5 0.1 0.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 7.7 37.9 -0.1 65.1 28.8 19.6 52.8 25.5 Net flows on external debt 10.7 34.4 10.6 36.6 17.8 55.3 29.9 -2.3 Cross-currency valuation 2.9 1.3 -7.0 22.8 12.3 -24.5 16.2 20.1 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 5.3 0.0 0.0 0.0 0.0 Total amount forgiven 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 21.4 22.6 21.4 21.8 19.8 25.7 25.6 26.7 Interest 9.8 11.0 11.6 11.7 11.6 11.3 10.9 10.4 Private creditors Principal 5.0 4.8 4.6 2.8 0.5 0.0 0.0 0.0 Interest 0.9 0.6 0.4 0.1 0.0 0.0 0.0 0.0 Notes: Short-term debt data are World Bank staff estimates. 65 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 696.4 941.6 857.6 1042.1 1064.8 1001.7 991.9 973.3 Long-term external debt 622.2 850.0 795.6 902.5 921.6 864.2 855.2 835.7 Public and publicly guaranteed 622.2 850.0 795.6 902.5 921.6 864.2 855.2 835.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 36.7 34.9 21.5 36.4 44.1 35.9 42.1 49.4 Short-term external debt 37.6 56.7 40.6 103.3 99.2 101.6 94.7 88.2 interest arrears on long-term 14.9 35.3 25.4 91.6 90.2 92.6 85.7 76.2 Memorandum items Principal arrears on long-term 21.7 70.3 95.9 174.7 197.3 213.9 205.4 180.4 Long-term public sector debt 622.2 849.8 794.6 901.1 920.0 862.9 853.7 834.0 Long-term private sector debt 0.0 0.3 1.0 1.4 1.5 1.3 1.5 1.6 Public & publicly guaranteed commitments 174.9 16.6 28.0 0.0 0.0 0.0 4.9 10.0 External debt flows Disbursements 121.1 32.6 16.1 0.0 8.3 0.0 10.2 46.8 Long-term external debt 112.8 32.6 16.1 0.0 0.0 0.0 0.0 15.1 IMF purchases 8.3 0.0 0.0 0.0 8.3 0.0 10.2 31.7 Principal repayments 17.4 10.0 8.3 0.1 11.5 5.3 52.7 70.2 Long-term external debt 7.6 2.6 7.5 0.1 9.1 0.4 46.7 43.5 IMF repurchases 9.8 7.4 0.8 0.0 2.4 4.9 6.0 26.7 Net flows 106.6 25.1 -13.8 2.6 -5.9 -5.3 -42.5 -21.4 Long-term external debt 105.2 30.0 8.6 -0.1 -9.1 -0.4 -46.7 -28.4 IMF flows -8.7 0.0 0.0 0.0 8.3 0.0 10.2 -19.2 Short-term external debt 2.9 2.4 -21.6 2.7 -2.7 0.0 0.0 2.0 Interest payments 11.8 5.7 5.9 0.5 2.9 0.9 17.7 20.5 Long-term external debt 9.0 3.5 4.3 0.0 2.4 0.1 16.5 19.6 IMF charges 1.2 1.0 0.1 0.2 0.2 0.4 0.9 0.4 Short-term external debt 1.6 1.2 1.4 0.3 0.3 0.3 0.3 0.5 2. Other non-debt resource flows Foreign direct investment (net) 0.7 6.2 0.9 3.3 15.1 17.1 18.1 27.2 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 86.2 109.6 55.8 34.6 86.0 66.4 157.6 147.5 of which: Debt forgiveness grants .. .. 10.5 8.5 7.8 7.1 7.1 10.9 IDA grants .. .. .. 0.0 0.0 0.0 80.3 4.1 Memo: technical coop. grants 56.2 46.8 21.6 23.5 32.3 36.4 34.6 37.4 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 7.1 6.2 5.9 6.4 3.8 Japanese yen 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.3 Pound sterling 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 2.6 2.8 2.2 2.6 2.8 2.6 2.8 2.2 U.S.dollars 43.7 56.4 61.2 58.4 58.5 59.0 56.9 61.3 4. Average terms of new commitments Official creditors Interest (%) 1.0 0.8 0.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 37.6 39.7 39.8 0.0 0.0 0.0 40.0 40.0 Grace period (years) 10.2 10.2 10.3 0.0 0.0 0.0 1.0 11.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1465.1 1100.9 946.8 1136.8 1268.0 1348.0 1472.9 1701.9 Exports of goods, services & income 220.4 .. .. .. .. .. .. .. Worker remit. & comp. of employees 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services 432.5 .. .. .. .. .. .. .. International reserves 122.9 237.9 136.3 137.1 153.2 144.9 132.4 91.9 Current account balance -89.1 .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 316.0 .. .. .. .. .. .. .. External debt stocks to GNI (%) 47.5 85.5 90.6 91.7 84.0 74.3 67.3 57.2 Debt service to exports (%) 13.2 .. .. .. .. .. .. .. Short-term to external debt stocks (%) 5.4 6.0 4.7 9.9 9.3 10.1 9.5 9.1 Multilateral to external debt stocks (%) 65.4 67.6 68.0 62.1 63.7 62.0 61.0 61.2 Reserves to external debt stocks (%) 17.6 25.3 15.9 13.2 14.4 14.5 13.3 9.4 Reserves to imports (months) 3.4 .. .. .. .. .. .. .. 66 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 622.2 850.0 795.6 902.5 921.6 864.2 855.2 835.7 Public and publicly guaranteed 622.2 850.0 795.6 902.5 921.6 864.2 855.2 835.7 Official creditors 602.6 835.6 763.2 868.4 891.2 834.2 824.9 805.1 Multilateral 455.5 636.2 583.1 647.2 677.8 620.8 605.0 595.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 265.1 414.0 391.3 435.4 454.6 422.7 395.1 402.8 Bilateral 147.0 199.4 180.1 221.2 213.4 213.4 220.0 209.5 Private creditors 19.7 14.4 32.4 34.1 30.3 30.0 30.3 30.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 112.8 32.6 16.1 0.0 0.0 0.0 0.0 15.1 Public and publicly guaranteed 112.8 32.6 16.1 0.0 0.0 0.0 0.0 15.1 Official creditors 112.8 32.6 16.1 0.0 0.0 0.0 0.0 15.1 Multilateral 95.2 32.6 16.1 0.0 0.0 0.0 0.0 15.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 70.4 29.8 12.9 0.0 0.0 0.0 0.0 3.2 Bilateral 17.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 7.6 2.6 7.5 0.1 9.1 0.4 46.7 43.5 Public and publicly guaranteed 7.6 2.6 7.5 0.1 9.1 0.4 46.7 43.5 Official creditors 7.0 2.6 7.4 0.1 5.2 0.4 46.7 43.5 Multilateral 3.2 2.6 6.9 0.0 0.6 0.4 46.7 43.5 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.5 1.3 5.7 0.0 0.0 0.0 46.7 11.1 Bilateral 3.8 0.0 0.5 0.1 4.5 0.0 0.0 0.0 Private creditors 0.6 0.0 0.0 0.0 3.9 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 9.0 3.5 4.3 0.0 2.4 0.1 16.5 19.6 Public and publicly guaranteed 9.0 3.5 4.3 0.0 2.4 0.1 16.5 19.6 Official creditors 8.1 3.5 4.3 0.0 2.3 0.1 16.5 19.6 Multilateral 5.1 3.5 3.4 0.0 0.2 0.1 16.5 19.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.5 2.9 3.2 0.0 0.0 0.0 16.5 3.4 Bilateral 3.1 0.0 0.9 0.0 2.1 0.0 0.0 0.0 Private creditors 0.8 0.0 0.0 0.0 0.1 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 4.7 57.3 -51.4 -28.5 22.7 -63.1 -9.8 -19.6 Net flows on external debt 106.6 25.1 -13.8 2.6 -5.9 -5.3 -42.5 -21.4 Cross-currency valuation 38.0 -35.7 -33.6 61.6 33.5 -58.3 32.2 23.6 9. Debt restructurings Total amount rescheduled 4.4 7.6 2.9 0.0 0.0 0.0 0.0 20.8 Total amount forgiven 153.1 1.1 0.4 0.0 0.0 0.0 0.0 7.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 21.7 23.4 25.0 28.6 28.5 29.2 29.6 29.6 Interest 6.7 6.6 7.2 6.9 6.5 6.2 5.9 5.6 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Rescheduling: Data include the effects of Paris Club debt restructuring agreement signed in April 2007. The country also received debt relief under HIPC in 2007. Part of data on long-term public and publicly guaranteed debt for 2007 is reported by the country. 67 CHAD (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 514 843 1,091 1,529 1,641 1,585 1,707 1,797 Long-term external debt 454 777 988 1,406 1,528 1,495 1,628 1,712 Public and publicly guaranteed 454 777 988 1,406 1,528 1,495 1,628 1,712 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 30 49 78 106 96 79 68 56 Short-term external debt 30 17 25 17 17 11 12 29 interest arrears on long-term 6 9 10 8 9 6 8 6 Memorandum items Principal arrears on long-term 16 36 52 48 27 26 24 22 Long-term public sector debt 454 777 988 1,406 1,528 1,495 1,628 1,712 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 83 116 178 138 32 182 26 141 External debt flows Disbursements 103 73 59 188 113 116 117 53 Long-term external debt 94 61 46 181 113 110 117 53 IMF purchases 8 13 14 7 0 6 0 0 Principal repayments 7 10 14 29 27 38 46 52 Long-term external debt 3 3 13 16 15 24 30 37 IMF repurchases 4 7 1 13 13 13 16 15 Net flows 98 63 44 155 85 75 70 15 Long-term external debt 91 57 33 165 99 85 86 15 IMF flows -4 0 0 0 0 0 0 0 Short-term external debt 2 0 -2 -4 -1 -3 -1 15 Interest payments 5 5 10 12 12 17 17 19 Long-term external debt 3 4 9 11 10 16 17 19 IMF charges 0 1 0 1 1 0 0 0 Short-term external debt 2 1 1 0 0 0 0 1 2. Other non-debt resource flows Foreign direct investment (net) 9 33 115 713 495 613 700 603 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 147 121 61 121 223 266 207 316 of which: Debt forgiveness grants .. .. 12 31 16 15 7 17 IDA grants .. .. .. 0 1 7 5 10 Memo: technical coop. grants 58 63 31 42 41 44 43 38 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 3.9 3.9 3.3 3.9 3.6 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 49.6 54.8 58.7 64.5 64.7 66.1 65.0 64.4 4. Average terms of new commitments Official creditors Interest (%) 1.8 1.0 0.7 0.9 1.0 1.1 0.0 1.3 Maturity (years) 30.0 38.0 40.5 38.5 38.8 28.3 37.0 19.9 Grace period (years) 9.1 8.7 10.1 9.6 9.8 5.1 3.1 6.9 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,721 1,441 1,368 2,279 3,720 4,847 4,942 6,152 Exports of goods, services & income 274 .. .. .. .. .. .. .. Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services 511 .. .. .. .. .. .. .. International reserves 132 147 114 192 227 231 632 964 Current account balance -46 .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 187.5 .. .. .. .. .. .. .. External debt stocks to GNI (%) 29.9 58.5 79.8 67.1 44.1 32.7 34.5 29.2 Debt service to exports (%) 4.3 .. .. .. .. .. .. .. Short-term to external debt stocks (%) 5.8 2.0 2.3 1.1 1.0 0.7 0.7 1.6 Multilateral to external debt stocks (%) 65.5 76.5 76.5 80.8 82.9 84.5 84.9 85.0 Reserves to external debt stocks (%) 25.7 17.4 10.4 12.5 13.8 14.6 37.0 53.7 Reserves to imports (months) 3.1 .. .. .. .. .. .. .. 68 CHAD (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 454 777 988 1,406 1,528 1,495 1,628 1,712 Public and publicly guaranteed 454 777 988 1,406 1,528 1,495 1,628 1,712 Official creditors 446 775 973 1,372 1,494 1,463 1,594 1,679 Multilateral 337 645 834 1,235 1,361 1,340 1,450 1,527 of which: IBRD 0 0 0 31 37 35 30 26 IDA 186 379 515 773 874 864 925 968 Bilateral 109 131 139 137 134 123 145 152 Private creditors 8 2 15 33 33 32 33 33 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 94 61 46 181 113 110 117 53 Public and publicly guaranteed 94 61 46 181 113 110 117 53 Official creditors 94 61 46 161 113 110 117 53 Multilateral 72 61 36 147 110 108 86 41 of which: IBRD 0 0 0 22 6 1 0 0 IDA 48 42 18 94 74 64 31 16 Bilateral 22 0 10 14 3 2 31 12 Private creditors 0 0 0 20 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 3 3 13 16 15 24 30 37 Public and publicly guaranteed 3 3 13 16 15 24 30 37 Official creditors 3 3 13 16 15 23 30 37 Multilateral 3 3 10 8 11 17 24 31 of which: IBRD 0 0 0 0 0 2 5 5 IDA 1 1 4 2 4 4 11 11 Bilateral 0 1 3 8 4 5 6 5 Private creditors 1 0 1 0 0 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 3 4 9 11 10 16 17 19 Public and publicly guaranteed 3 4 9 11 10 16 17 19 Official creditors 3 4 9 11 10 16 17 19 Multilateral 2 3 6 8 9 14 13 15 of which: IBRD 0 0 0 0 1 1 2 2 IDA 1 3 3 4 7 6 7 7 Bilateral 1 0 3 3 1 2 3 3 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 116 59 -8 262 112 -56 122 86 Net flows on external debt 98 63 44 155 85 75 70 15 Cross-currency valuation 8 -39 -63 60 18 -120 14 36 9. Debt restructurings Total amount rescheduled 8 46 0 0 0 12 0 0 Total amount forgiven 12 54 0 10 8 10 15 5 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 62 56 63 68 72 74 79 83 Interest 21 20 20 19 18 17 16 15 Private creditors Principal 4 4 4 2 2 2 2 2 Interest 0 0 0 0 0 0 0 0 69 CHILE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 19,226 22,038 37,289 42,820 43,803 45,370 47,971 58,649 Long-term external debt 14,687 18,607 31,117 35,804 36,351 38,281 38,560 45,347 Public and publicly guaranteed 10,425 7,178 5,255 8,046 9,426 9,097 9,449 9,378 Private nonguaranteed 4,263 11,429 25,861 27,758 26,925 29,184 29,112 35,969 Use of IMF credit 1,156 0 0 0 0 0 0 0 Short-term external debt 3,382 3,431 6,172 7,016 7,452 7,089 9,411 13,302 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 17 Long-term public sector debt 10,421 7,178 5,175 8,020 9,426 9,097 9,449 9,353 Long-term private sector debt 4,267 11,429 25,941 27,785 26,925 29,184 29,112 35,994 Public & publicly guaranteed commitments 1,049 314 324 2,299 2,372 995 1,423 763 External debt flows Disbursements 2,253 3,821 4,979 6,841 8,388 9,156 12,147 13,106 Long-term external debt 2,253 3,821 4,979 6,841 8,388 9,156 12,147 13,106 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 980 3,671 3,941 6,578 8,136 6,178 11,800 9,276 Long-term external debt 771 3,369 3,941 6,578 8,136 6,178 11,800 9,276 IMF repurchases 208 303 0 0 0 0 0 0 Net flows 1,682 -284 2,893 1,456 688 2,616 2,669 7,721 Long-term external debt 1,481 452 1,038 263 252 2,979 347 3,830 IMF flows -208 -303 0 0 0 0 0 0 Short-term external debt 409 -434 1,855 1,193 436 -363 2,322 3,891 Interest payments 1,792 1,293 2,236 1,485 1,429 1,509 1,992 2,386 Long-term external debt 1,364 1,114 2,082 1,286 1,275 1,289 1,651 1,721 IMF charges 118 13 0 0 0 0 0 0 Short-term external debt 310 165 154 200 154 221 341 665 2. Other non-debt resource flows Foreign direct investment (net) 661 2,957 4,860 4,307 7,173 6,984 7,358 14,457 Portfolio equity flows 367 -249 -427 318 8 1,571 -194 404 Profit remittances on FDI 387 2,178 2,539 4,611 8,231 11,416 19,991 21,754 Grants (excluding technical coop.) 73 54 18 27 39 90 26 34 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 66 97 56 59 67 60 52 48 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 6.1 5.4 1.0 1.1 1.2 Japanese yen 8.2 9.5 5.5 2.0 0.9 0.7 2.7 2.4 Pound sterling 3.4 2.9 0.2 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.6 0.9 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 40.2 42.0 83.7 89.1 92.9 97.7 95.6 95.8 4. Average terms of new commitments Official creditors Interest (%) 7.7 6.1 1.0 1.6 1.8 4.1 5.2 5.1 Maturity (years) 18.8 19.5 17.0 19.4 8.3 13.1 13.1 19.5 Grace period (years) 4.3 5.8 1.5 5.2 4.5 4.7 6.0 4.6 Private creditors Interest (%) 9.3 6.8 7.0 4.4 2.9 5.1 5.8 5.7 Maturity (years) 7.6 10.9 6.3 9.1 6.2 19.2 15.7 7.0 Grace period (years) 2.3 3.0 3.0 8.0 5.6 18.2 13.0 5.5 5. Major economic aggregates Gross national income (GNI) 29,800 68,637 72,333 69,528 87,815 107,790 128,005 145,638 Exports of goods, services & income 10,705 20,226 24,891 28,286 40,537 50,853 69,767 82,017 Worker remit. & comp. of employees 1 0 13 12 12 13 3 3 Imports of goods & services 11,387 21,883 26,346 29,670 39,535 51,187 66,227 77,791 International reserves 6,784 14,860 15,055 15,843 15,997 16,933 19,397 16,843 Current account balance -485 -1,350 -898 -779 2,074 1,449 6,838 7,200 6. Ratios External debt stocks to exports (%) 179.6 109.0 149.8 151.4 108.1 89.2 68.8 71.5 External debt stocks to GNI (%) 64.5 32.1 51.6 61.6 49.9 42.1 37.5 40.3 Debt service to exports (%) 25.9 24.5 24.8 28.5 23.6 15.1 19.8 14.2 Short-term to external debt stocks (%) 17.6 15.6 16.6 16.4 17.0 15.6 19.6 22.7 Multilateral to external debt stocks (%) 21.5 13.0 3.8 2.4 2.3 1.8 1.9 1.6 Reserves to external debt stocks (%) 35.3 67.4 40.4 37.0 36.5 37.3 40.4 28.7 Reserves to imports (months) 7.1 8.1 6.9 6.4 4.9 4.0 3.5 2.6 70 CHILE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 14,687 18,607 31,117 35,804 36,351 38,281 38,560 45,347 Public and publicly guaranteed 10,425 7,178 5,255 8,046 9,426 9,097 9,449 9,378 Official creditors 5,182 3,582 1,915 1,437 1,335 1,113 1,173 1,180 Multilateral 4,143 2,871 1,406 1,049 1,015 827 897 932 of which: IBRD 1,860 1,372 808 422 441 289 346 354 IDA 14 11 7 5 4 4 3 2 Bilateral 1,039 711 509 388 321 285 275 248 Private creditors 5,242 3,596 3,341 6,609 8,091 7,984 8,276 8,198 of which: Bonds 39 0 0 4,254 5,362 5,406 5,938 5,401 Commercial banks 4,747 3,509 3,273 2,329 2,704 2,578 2,338 2,797 Private nonguaranteed 4,263 11,429 25,861 27,758 26,925 29,184 29,112 35,969 of which: Bonds 0 866 6,339 4,529 4,951 4,761 4,779 6,385 Disbursements 2,253 3,821 4,979 6,841 8,388 9,156 12,147 13,106 Public and publicly guaranteed 708 342 382 2,255 2,561 1,197 1,186 648 Official creditors 650 194 161 156 378 176 112 87 Multilateral 583 146 113 141 371 162 92 72 of which: IBRD 251 83 48 37 259 55 62 14 IDA 0 0 0 0 0 0 0 0 Bilateral 67 48 47 15 7 14 20 15 Private creditors 58 148 221 2,099 2,184 1,022 1,074 561 of which: Bonds 0 0 0 1,800 1,250 500 650 0 Commercial banks 37 141 221 299 934 522 424 561 Private nonguaranteed 1,545 3,479 4,597 4,586 5,827 7,959 10,961 12,458 of which: Bonds 0 500 672 330 1,125 700 813 250 Principal repayments 771 3,369 3,941 6,578 8,136 6,178 11,800 9,276 Public and publicly guaranteed 500 2,277 760 1,129 1,217 1,466 840 707 Official creditors 356 2,003 280 246 485 374 63 60 Multilateral 263 1,884 177 199 406 345 23 40 of which: IBRD 119 704 115 173 240 206 5 6 IDA 1 1 1 1 1 1 1 1 Bilateral 93 119 103 47 79 29 40 20 Private creditors 144 273 480 883 732 1,093 777 647 of which: Bonds 7 0 0 0 171 422 118 537 Commercial banks 32 240 479 882 560 646 659 110 Private nonguaranteed 271 1,092 3,181 5,449 6,919 4,711 10,960 8,569 of which: Bonds 0 11 0 434 752 195 765 575 Interest payments 1,364 1,114 2,082 1,286 1,275 1,289 1,651 1,721 Public and publicly guaranteed 1,112 653 377 364 400 459 491 529 Official creditors 384 387 139 76 51 50 49 56 Multilateral 313 348 112 65 44 43 43 50 of which: IBRD 130 137 70 35 18 16 17 20 IDA 0 0 0 0 0 0 0 0 Bilateral 71 39 27 12 7 7 7 6 Private creditors 729 266 239 287 349 409 442 472 of which: Bonds 2 0 0 192 265 299 313 336 Commercial banks 688 258 234 95 84 110 129 136 Private nonguaranteed 252 461 1,704 922 875 829 1,160 1,193 of which: Bonds 0 26 440 351 349 347 359 471 8. Debt stock-flow reconciliation Total change in external debt stocks 1,193 -117 2,474 1,602 983 1,567 2,602 10,678 Net flows on external debt 1,682 -284 2,893 1,456 688 2,616 2,669 7,721 Cross-currency valuation 508 14 -61 289 8 62 123 10 9. Debt restructurings Total amount rescheduled 4,172 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 285 91 160 131 73 87 85 83 Interest 52 49 48 44 41 38 35 31 Private creditors Principal 12,198 6,047 3,452 3,715 4,972 4,585 3,165 1,406 Interest 1,687 1,361 1,154 1,042 791 566 486 929 Notes: Short-term debt is based on reports provided by the country. 71 CHINA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 55,301 118,090 145,711 208,431 247,679 283,803 325,077 373,635 Long-term external debt 45,515 95,764 132,631 120,338 131,909 135,536 151,700 169,937 Public and publicly guaranteed 45,515 94,674 94,842 85,308 89,751 85,044 88,034 87,653 Private nonguaranteed 0 1,090 37,789 35,030 42,158 50,492 63,666 82,284 Use of IMF credit 469 0 0 0 0 0 0 0 Short-term external debt 9,317 22,325 13,080 88,093 115,770 148,267 173,377 203,698 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 45,449 93,573 94,842 85,308 89,751 84,785 87,789 87,481 Long-term private sector debt 66 2,192 37,789 35,030 42,158 50,751 63,910 82,456 Public & publicly guaranteed commitments 9,988 22,812 10,702 4,184 6,849 10,050 6,275 6,927 External debt flows Disbursements 9,665 21,985 16,776 25,421 24,181 29,045 26,524 36,339 Long-term external debt 9,665 21,985 16,776 25,421 24,181 29,045 26,524 36,339 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,809 9,070 19,924 29,868 16,289 20,846 18,120 20,734 Long-term external debt 3,319 9,070 19,924 29,868 16,289 20,846 18,120 20,734 IMF repurchases 490 0 0 0 0 0 0 0 Net flows 8,267 17,758 -5,247 17,966 35,569 40,695 33,514 45,926 Long-term external debt 6,346 12,915 -3,147 -4,447 7,892 8,198 8,404 15,605 IMF flows -406 0 0 0 0 0 0 0 Short-term external debt 2,410 4,842 -2,100 22,413 27,677 32,497 25,110 30,321 Interest payments 3,248 5,996 7,165 7,120 6,965 6,519 9,350 11,385 Long-term external debt 2,534 4,657 5,998 4,499 4,003 3,218 3,808 5,444 IMF charges 65 0 0 0 0 0 0 0 Short-term external debt 649 1,340 1,168 2,622 2,963 3,302 5,541 5,942 2. Other non-debt resource flows Foreign direct investment (net) 3,487 35,849 38,399 47,077 54,936 79,127 78,095 138,413 Portfolio equity flows 0 0 6,912 7,729 10,923 20,346 42,861 18,510 Profit remittances on FDI 46 9,953 20,198 17,353 17,415 21,040 29,236 43,711 Grants (excluding technical coop.) 249 330 305 346 411 376 367 518 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 384 563 537 789 878 858 972 947 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 7.2 9.0 8.0 8.4 8.1 Japanese yen 30.4 20.7 16.9 16.7 15.9 13.5 12.0 8.4 Pound sterling 0.7 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.2 0.0 0.1 0.1 0.1 0.1 0.1 0.0 U.S.dollars 29.1 58.1 71.5 71.3 70.8 74.6 76.2 80.6 4. Average terms of new commitments Official creditors Interest (%) 3.7 6.8 7.2 2.1 2.4 4.2 5.9 5.8 Maturity (years) 27.9 18.3 21.1 21.9 22.3 22.5 21.1 20.4 Grace period (years) 7.9 3.7 4.9 5.4 5.2 5.5 5.7 5.4 Private creditors Interest (%) 8.6 6.3 6.4 4.9 4.7 4.8 7.0 5.2 Maturity (years) 13.3 7.3 14.7 9.9 9.5 9.1 14.4 8.8 Grace period (years) 2.7 2.4 1.8 6.4 8.0 5.3 0.9 1.4 5. Major economic aggregates Gross national income (GNI) 357,992 716,233 1,183,815 1,633,121 1,928,118 2,246,549 2,673,038 3,229,841 Exports of goods, services & income 60,515 152,781 292,668 504,441 680,998 881,342 1,123,154 1,435,916 Worker remit. & comp. of employees 210 1,053 6,244 17,815 19,014 20,337 23,319 32,833 Imports of goods & services 48,668 152,248 277,904 472,857 630,610 740,414 892,255 1,092,071 International reserves 34,476 80,288 171,763 416,199 622,949 831,410 1,080,756 1,546,365 Current account balance 11,997 1,618 20,518 45,875 68,659 160,818 253,268 371,833 6. Ratios External debt stocks to exports (%) 91.4 77.3 49.8 41.3 36.4 32.2 28.9 26.0 External debt stocks to GNI (%) 15.4 16.5 12.3 12.8 12.8 12.6 12.2 11.6 Debt service to exports (%) 11.7 9.9 9.3 7.3 3.4 3.1 2.4 2.2 Short-term to external debt stocks (%) 16.8 18.9 9.0 42.3 46.7 52.2 53.3 54.5 Multilateral to external debt stocks (%) 11.1 13.8 17.7 12.6 10.7 9.3 8.5 7.8 Reserves to external debt stocks (%) 62.3 68.0 117.9 199.7 251.5 293.0 332.5 413.9 Reserves to imports (months) 8.5 6.3 7.4 10.6 11.9 13.5 14.5 17.0 72 CHINA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 45,515 95,764 132,631 120,338 131,909 135,536 151,700 169,937 Public and publicly guaranteed 45,515 94,674 94,842 85,308 89,751 85,044 88,034 87,653 Official creditors 14,514 36,982 50,374 51,364 57,248 52,215 55,333 58,375 Multilateral 6,111 16,302 25,811 26,236 26,525 26,413 27,738 29,258 of which: IBRD 2,865 7,209 11,118 10,657 11,035 11,140 11,415 11,762 IDA 3,016 7,038 8,771 10,314 10,670 9,741 9,997 10,151 Bilateral 8,403 20,680 24,563 25,128 30,723 25,802 27,595 29,117 Private creditors 31,001 57,693 44,467 33,944 32,503 32,829 32,701 29,279 of which: Bonds 5,425 10,684 11,371 11,167 13,769 16,039 16,382 16,566 Commercial banks 14,520 23,869 10,619 5,119 3,434 3,064 3,580 2,892 Private nonguaranteed 0 1,090 37,789 35,030 42,158 50,492 63,666 82,284 of which: Bonds 0 1,090 1,068 1,620 2,326 3,574 5,279 6,018 Disbursements 9,665 21,985 16,776 25,421 24,181 29,045 26,524 36,339 Public and publicly guaranteed 9,665 21,441 9,694 4,805 6,605 9,593 6,278 6,562 Official creditors 2,578 9,073 5,790 2,582 2,513 2,169 3,588 2,835 Multilateral 1,158 2,838 3,303 2,308 1,757 2,010 2,153 2,425 of which: IBRD 591 1,457 1,528 1,475 1,119 1,061 1,134 1,194 IDA 507 812 379 141 69 70 34 14 Bilateral 1,420 6,235 2,487 273 756 159 1,434 410 Private creditors 7,087 12,368 3,904 2,223 4,093 7,423 2,690 3,727 of which: Bonds 277 1,224 848 1,606 3,747 4,208 0 1,456 Commercial banks 3,247 4,977 131 65 75 1,978 17 215 Private nonguaranteed 0 544 7,082 20,616 17,576 19,452 20,246 29,777 of which: Bonds 0 544 390 175 737 1,622 1,945 740 Principal repayments 3,319 9,070 19,924 29,868 16,289 20,846 18,120 20,734 Public and publicly guaranteed 3,319 9,070 10,797 10,278 4,905 6,569 6,520 5,671 Official creditors 851 1,171 4,270 5,738 2,459 1,323 2,684 2,845 Multilateral 220 420 1,400 4,514 1,531 1,195 1,333 1,397 of which: IBRD 216 350 578 2,312 813 787 901 908 IDA 0 14 66 147 186 217 243 276 Bilateral 631 751 2,870 1,224 928 128 1,351 1,448 Private creditors 2,468 7,899 6,527 4,540 2,446 5,246 3,836 2,826 of which: Bonds 325 1,451 443 507 769 550 0 479 Commercial banks 808 2,645 2,016 962 271 1,936 149 630 Private nonguaranteed 0 0 9,127 19,590 11,384 14,277 11,600 15,063 of which: Bonds 0 0 534 110 26 370 240 0 Interest payments 2,534 4,657 5,998 4,499 4,003 3,218 3,808 5,444 Public and publicly guaranteed 2,534 4,623 4,074 3,178 3,048 2,201 2,294 3,217 Official creditors 531 1,288 2,386 1,599 1,858 1,375 1,427 1,690 Multilateral 226 619 1,518 805 866 680 935 1,105 of which: IBRD 200 460 713 378 242 351 542 653 IDA 19 49 65 72 78 79 74 74 Bilateral 305 669 867 794 992 695 492 586 Private creditors 2,003 3,335 1,688 1,578 1,190 826 868 1,526 of which: Bonds 367 594 521 470 328 430 502 778 Commercial banks 959 1,333 222 118 294 71 70 172 Private nonguaranteed 0 33 1,924 1,321 954 1,017 1,514 2,227 of which: Bonds 0 33 93 123 122 248 343 445 8. Debt stock-flow reconciliation Total change in external debt stocks 10,369 17,633 -6,354 22,317 39,248 36,124 41,274 48,559 Net flows on external debt 8,267 17,758 -5,247 17,966 35,569 40,695 33,514 45,926 Cross-currency valuation 1,415 -375 -3,116 3,907 1,424 -3,680 1,187 1,808 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 6,146 5,863 5,689 5,287 5,419 5,252 5,138 5,002 Interest 2,663 2,461 2,240 2,025 1,806 1,568 1,327 1,082 Private creditors Principal 25,628 20,735 18,021 20,183 9,242 8,508 4,199 4,304 Interest 3,810 3,066 2,350 1,560 1,128 745 529 242 Notes: Data on long-term public and publicly guaranteed, private nonguaranteed and short-term debt for 2007 are based on aggregate information provided by the authorities. 73 COLOMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 17,222 25,044 33,937 36,998 37,911 37,720 38,937 44,976 Long-term external debt 15,784 19,499 31,066 33,442 32,791 31,544 34,115 39,627 Public and publicly guaranteed 14,671 13,946 20,806 22,784 23,772 22,555 25,003 27,689 Private nonguaranteed 1,113 5,553 10,259 10,657 9,019 8,989 9,112 11,938 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 1,438 5,545 2,871 3,556 5,120 6,176 4,822 5,349 interest arrears on long-term 28 2 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 409 177 8 0 0 0 0 0 Long-term public sector debt 14,630 13,945 20,805 22,783 23,771 22,554 25,000 27,687 Long-term private sector debt 1,154 5,555 10,261 10,658 9,020 8,990 9,115 11,940 Public & publicly guaranteed commitments 1,269 1,792 3,782 5,029 3,030 4,855 5,195 4,766 External debt flows Disbursements 1,994 4,179 3,803 6,935 4,416 6,496 9,395 9,323 Long-term external debt 1,994 4,179 3,803 6,935 4,416 6,496 9,395 9,323 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,189 2,347 2,900 6,198 5,249 7,403 7,805 5,832 Long-term external debt 2,189 2,347 2,900 6,198 5,249 7,403 7,805 5,832 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -399 2,894 -191 634 731 149 236 4,018 Long-term external debt -195 1,832 903 737 -832 -907 1,590 3,491 IMF flows 0 0 0 0 0 0 0 0 Short-term external debt -204 1,062 -1,094 -103 1,564 1,056 -1,354 527 Interest payments 1,701 1,998 2,204 2,447 2,440 2,838 2,635 3,079 Long-term external debt 1,558 1,687 2,032 2,295 2,262 2,584 2,415 2,835 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 143 311 172 152 178 254 220 244 2. Other non-debt resource flows Foreign direct investment (net) 500 968 2,395 1,758 3,016 10,252 6,656 9,040 Portfolio equity flows 0 165 17 -52 130 86 -30 790 Profit remittances on FDI 964 359 655 1,515 2,433 3,565 4,591 6,466 Grants (excluding technical coop.) 35 74 79 104 142 191 246 529 of which: Debt forgiveness grants .. .. 0 0 8 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 79 98 182 768 475 530 778 231 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 6.2 6.3 4.2 3.5 3.4 Japanese yen 4.9 5.6 3.6 2.3 1.7 1.6 1.3 1.1 Pound sterling 0.3 0.1 0.8 0.8 0.9 0.8 0.8 0.8 Swiss franc 0.3 0.2 0.0 0.1 0.0 0.0 0.0 0.0 U.S.dollars 44.0 49.9 74.4 79.2 81.4 85.2 88.2 89.9 4. Average terms of new commitments Official creditors Interest (%) 7.5 6.4 8.8 3.9 4.4 5.0 5.6 5.6 Maturity (years) 18.7 20.4 12.1 10.7 16.9 16.0 17.7 12.0 Grace period (years) 5.4 4.8 3.1 4.8 6.4 6.0 4.7 4.5 Private creditors Interest (%) 9.3 3.8 7.6 8.9 9.0 8.0 7.3 9.2 Maturity (years) 10.2 6.1 10.2 15.1 12.3 11.4 18.4 13.4 Grace period (years) 2.2 4.0 7.5 15.0 12.1 10.2 16.9 13.2 5. Major economic aggregates Gross national income (GNI) 38,193 90,924 91,738 88,317 109,496 139,124 156,417 199,900 Exports of goods, services & income 9,514 13,781 18,424 19,338 23,316 28,783 33,963 40,548 Worker remit. & comp. of employees 495 815 1,610 3,076 3,190 3,346 3,928 4,523 Imports of goods & services 9,510 18,286 17,728 20,569 24,783 31,435 37,808 47,153 International reserves 4,869 8,452 9,006 10,920 13,537 14,955 15,437 20,951 Current account balance 542 -4,516 792 -982 -913 -1,884 -2,992 -5,866 6. Ratios External debt stocks to exports (%) 181.0 181.7 184.2 191.3 162.6 131.0 114.6 110.9 External debt stocks to GNI (%) 45.1 27.5 37.0 41.9 34.6 27.1 24.9 22.5 Debt service to exports (%) 40.9 31.5 27.7 44.7 33.0 35.6 30.7 22.0 Short-term to external debt stocks (%) 8.4 22.1 8.5 9.6 13.5 16.4 12.4 11.9 Multilateral to external debt stocks (%) 35.4 21.2 18.5 27.3 27.5 25.5 27.8 25.1 Reserves to external debt stocks (%) 28.3 33.7 26.5 29.5 35.7 39.6 39.6 46.6 Reserves to imports (months) 6.1 5.5 6.1 6.4 6.6 5.7 4.9 5.3 74 COLOMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 15,784 19,499 31,066 33,442 32,791 31,544 34,115 39,627 Public and publicly guaranteed 14,671 13,946 20,806 22,784 23,772 22,555 25,003 27,689 Official creditors 8,540 7,063 7,722 11,454 11,551 10,568 11,659 11,989 Multilateral 6,103 5,316 6,274 10,085 10,410 9,615 10,843 11,273 of which: IBRD 3,859 2,548 1,920 3,241 3,490 3,896 4,563 4,756 IDA 14 11 7 5 5 4 3 2 Bilateral 2,437 1,747 1,448 1,369 1,141 954 816 717 Private creditors 6,131 6,883 13,084 11,330 12,222 11,987 13,344 15,699 of which: Bonds 275 1,733 8,201 9,664 10,741 10,927 12,162 12,354 Commercial banks 4,208 4,163 4,252 1,293 1,144 800 1,034 2,505 Private nonguaranteed 1,113 5,553 10,259 10,657 9,019 8,989 9,112 11,938 of which: Bonds 0 717 762 376 370 370 540 809 Disbursements 1,994 4,179 3,803 6,935 4,416 6,496 9,395 9,323 Public and publicly guaranteed 1,847 1,569 2,939 5,654 2,884 4,376 5,860 4,488 Official creditors 697 685 660 3,312 1,173 1,467 2,239 1,580 Multilateral 559 394 508 3,288 1,169 1,467 2,221 1,576 of which: IBRD 213 238 266 987 455 705 942 564 IDA 0 0 0 0 0 0 0 0 Bilateral 139 290 152 24 4 0 18 4 Private creditors 1,150 885 2,279 2,342 1,711 2,908 3,622 2,909 of which: Bonds 0 535 1,804 2,047 1,375 2,304 2,696 1,293 Commercial banks 874 257 469 268 292 591 926 1,615 Private nonguaranteed 147 2,610 865 1,281 1,533 2,121 3,535 4,835 of which: Bonds 0 592 0 0 170 0 170 469 Principal repayments 2,189 2,347 2,900 6,198 5,249 7,403 7,805 5,832 Public and publicly guaranteed 1,875 2,200 2,068 3,944 2,083 4,712 3,863 2,905 Official creditors 737 1,110 557 1,294 1,123 2,223 1,177 1,366 Multilateral 527 647 440 1,118 943 2,072 1,005 1,249 of which: IBRD 434 414 242 211 255 218 259 432 IDA 1 1 1 1 1 1 1 1 Bilateral 210 463 116 176 180 151 171 117 Private creditors 1,138 1,090 1,511 2,649 961 2,488 2,686 1,540 of which: Bonds 4 119 469 2,070 441 1,723 1,879 1,353 Commercial banks 849 723 838 491 438 680 693 149 Private nonguaranteed 314 147 832 2,254 3,165 2,692 3,942 2,927 of which: Bonds 0 0 110 282 176 0 0 200 Interest payments 1,558 1,687 2,032 2,295 2,262 2,584 2,415 2,835 Public and publicly guaranteed 1,240 962 1,414 1,630 1,636 1,947 1,664 1,960 Official creditors 627 505 541 544 545 574 580 681 Multilateral 476 388 470 489 497 529 543 648 of which: IBRD 318 190 126 146 152 174 210 256 IDA 0 0 0 0 0 0 0 0 Bilateral 150 118 71 55 48 44 37 33 Private creditors 613 457 873 1,086 1,091 1,373 1,083 1,279 of which: Bonds 27 58 515 998 1,009 1,284 1,005 1,058 Commercial banks 461 310 298 61 58 69 64 61 Private nonguaranteed 318 725 618 665 625 637 751 875 of which: Bonds 0 15 84 75 38 36 43 75 8. Debt stock-flow reconciliation Total change in external debt stocks 336 3,106 -490 3,793 913 -191 1,217 6,039 Net flows on external debt -399 2,894 -191 634 731 149 236 4,018 Cross-currency valuation 494 315 -364 704 426 -261 1,436 376 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 2 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 915 880 1,094 1,243 1,175 1,086 1,214 1,021 Interest 677 643 600 541 475 417 358 299 Private creditors Principal 4,587 3,300 2,827 1,674 1,676 1,220 2,400 1,689 Interest 1,379 1,292 1,197 1,103 1,070 966 948 794 Notes: Short-term debt is based on reports provided by the country. 75 COMOROS (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 187.8 214.5 236.6 293.1 306.9 290.7 296.1 291.0 Long-term external debt 175.4 201.2 206.9 265.4 273.2 257.3 259.8 279.2 Public and publicly guaranteed 175.4 201.2 206.9 265.4 273.2 257.3 259.8 279.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 3.3 1.5 0.2 0.0 0.0 0.0 0.0 Short-term external debt 12.4 10.0 28.1 27.5 33.7 33.4 36.3 11.8 interest arrears on long-term 12.2 8.0 19.1 26.5 30.7 30.4 32.3 7.8 Memorandum items Principal arrears on long-term 25.5 26.7 60.2 67.5 77.3 73.5 78.6 38.5 Long-term public sector debt 175.4 201.2 206.9 265.4 273.2 257.3 259.8 279.2 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.9 4.7 0.0 0.0 13.3 0.0 0.0 0.0 External debt flows Disbursements 5.1 9.6 2.1 9.6 3.2 2.7 3.0 4.8 Long-term external debt 5.1 9.6 2.1 9.6 3.2 2.7 3.0 4.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.2 0.4 1.8 2.1 2.2 2.6 2.3 13.0 Long-term external debt 0.2 0.4 1.2 1.8 2.0 2.6 2.3 13.0 IMF repurchases 0.0 0.0 0.6 0.4 0.2 0.0 0.0 0.0 Net flows 1.8 11.2 2.3 2.6 3.0 0.1 1.7 -8.1 Long-term external debt 4.8 9.2 0.9 7.9 1.3 0.1 0.7 -8.1 IMF flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt -3.0 2.0 2.0 -4.9 1.9 0.0 1.0 0.0 Interest payments 0.9 0.6 1.4 0.9 1.1 1.4 1.4 13.3 Long-term external debt 0.7 0.5 0.8 0.8 1.0 1.3 1.1 13.1 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.2 0.1 0.6 0.1 0.1 0.2 0.2 0.2 2. Other non-debt resource flows Foreign direct investment (net) 0.4 0.9 0.1 1.0 0.7 0.6 0.6 0.8 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI 0.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 27.7 17.8 10.7 7.3 13.7 14.3 18.5 28.7 of which: Debt forgiveness grants .. .. 1.7 2.0 2.2 2.2 2.2 2.3 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 15.8 14.6 8.4 12.0 12.2 12.6 13.3 16.6 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 13.3 13.1 12.4 12.3 11.6 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 16.7 27.1 31.9 40.4 41.0 40.7 41.4 42.6 4. Average terms of new commitments Official creditors Interest (%) 2.0 0.9 0.0 0.0 0.8 0.0 0.0 0.0 Maturity (years) 29.8 37.7 0.0 0.0 39.8 0.0 0.0 0.0 Grace period (years) 10.3 10.4 0.0 0.0 10.3 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 249.3 232.9 202.2 323.2 360.2 384.6 403.6 449.9 Exports of goods, services & income 48.1 61.4 .. .. .. .. .. .. Worker remit. & comp. of employees 10.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 Imports of goods & services 93.4 105.7 .. .. .. .. .. .. International reserves 29.9 44.9 43.4 94.5 104.0 86.1 93.9 117.6 Current account balance -10.5 -19.0 .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 390.5 349.2 .. .. .. .. .. .. External debt stocks to GNI (%) 75.3 92.1 117.0 90.7 85.2 75.6 73.4 64.7 Debt service to exports (%) 2.3 1.6 .. .. .. .. .. .. Short-term to external debt stocks (%) 6.6 4.7 11.9 9.4 11.0 11.5 12.3 4.1 Multilateral to external debt stocks (%) 61.0 72.9 70.1 72.5 72.5 71.1 73.0 78.1 Reserves to external debt stocks (%) 15.9 20.9 18.3 32.3 33.9 29.6 31.7 40.4 Reserves to imports (months) 3.8 5.1 .. .. .. .. .. .. 76 COMOROS (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 175.4 201.2 206.9 265.4 273.2 257.3 259.8 279.2 Public and publicly guaranteed 175.4 201.2 206.9 265.4 273.2 257.3 259.8 279.2 Official creditors 175.4 201.2 206.9 265.4 273.2 257.3 259.8 279.2 Multilateral 114.6 156.5 165.9 212.6 222.6 206.8 216.3 227.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 37.5 64.1 70.8 112.4 118.7 111.1 117.1 124.4 Bilateral 60.8 44.7 41.1 52.8 50.7 50.6 43.5 51.8 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 5.1 9.6 2.1 9.6 3.2 2.7 3.0 4.8 Public and publicly guaranteed 5.1 9.6 2.1 9.6 3.2 2.7 3.0 4.8 Official creditors 5.1 9.6 2.1 9.6 3.2 2.7 3.0 4.8 Multilateral 0.9 9.6 2.1 8.6 3.2 2.7 3.0 4.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.7 9.6 2.1 8.6 3.2 2.7 3.0 4.8 Bilateral 4.2 0.0 0.0 1.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.2 0.4 1.2 1.8 2.0 2.6 2.3 13.0 Public and publicly guaranteed 0.2 0.4 1.2 1.8 2.0 2.6 2.3 13.0 Official creditors 0.2 0.4 1.2 1.8 2.0 2.6 2.3 13.0 Multilateral 0.2 0.4 1.2 1.8 2.0 2.6 2.3 13.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.4 0.8 1.3 1.8 2.0 2.0 2.3 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 0.7 0.5 0.8 0.8 1.0 1.3 1.1 13.1 Public and publicly guaranteed 0.7 0.5 0.8 0.8 1.0 1.3 1.1 13.1 Official creditors 0.7 0.5 0.8 0.8 1.0 1.3 1.1 13.1 Multilateral 0.4 0.5 0.8 0.8 1.0 1.3 1.1 12.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.4 0.8 0.7 0.9 0.9 0.9 0.9 Bilateral 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 10.7 11.9 0.6 18.6 13.8 -16.3 5.4 -5.1 Net flows on external debt 1.8 11.2 2.3 2.6 3.0 0.1 1.7 -8.1 Cross-currency valuation 2.5 -3.4 -9.5 13.6 6.6 -12.0 6.9 7.2 9. Debt restructurings Total amount rescheduled 0.0 2.0 0.0 0.0 0.0 0.0 0.0 68.6 Total amount forgiven 0.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 7.7 7.8 7.5 7.7 8.0 7.3 7.5 7.9 Interest 1.8 1.8 1.8 1.7 1.7 1.7 1.6 1.6 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 77 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 10,259 13,239 11,692 11,254 11,434 10,600 11,201 12,283 Long-term external debt 8,994 9,636 7,880 10,161 10,125 9,412 9,848 10,853 Public and publicly guaranteed 8,994 9,636 7,880 10,161 10,125 9,412 9,848 10,853 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 521 485 391 703 818 791 833 808 Short-term external debt 744 3,118 3,421 390 491 397 520 621 interest arrears on long-term 265 2,937 3,042 363 372 359 378 444 Memorandum items Principal arrears on long-term 1,050 4,569 4,949 907 938 1,186 1,278 1,538 Long-term public sector debt 8,994 9,621 7,867 10,161 10,125 9,412 9,848 10,853 Long-term private sector debt 0 15 13 0 0 0 0 0 Public & publicly guaranteed commitments 109 14 0 300 459 88 54 130 External debt flows Disbursements 315 0 0 265 291 288 146 109 Long-term external debt 315 0 0 190 211 249 146 109 IMF purchases 0 0 0 75 79 39 0 0 Principal repayments 201 1 0 56 67 112 172 283 Long-term external debt 49 0 0 56 67 112 172 219 IMF repurchases 152 1 0 0 0 0 0 64 Net flows 88 61 20 -67 315 95 79 -135 Long-term external debt 266 0 0 134 144 137 -25 -110 IMF flows -147 -1 0 0 0 0 0 0 Short-term external debt -27 63 20 -276 92 -81 104 39 Interest payments 147 24 25 91 73 102 148 291 Long-term external debt 88 0 0 85 69 97 139 279 IMF charges 38 16 0 1 2 2 4 4 Short-term external debt 21 8 25 5 2 3 5 8 2. Other non-debt resource flows Foreign direct investment (net) 23 122 166 323 10 -76 -116 720 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 374 161 137 4,846 1,460 1,057 1,754 1,112 of which: Debt forgiveness grants .. .. 12 4,458 780 174 857 170 IDA grants .. .. .. 40 56 194 131 121 Memo: technical coop. grants 146 55 48 125 139 184 178 115 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 36.9 33.3 30.1 31.4 31.0 Japanese yen 3.0 3.7 4.8 7.5 7.8 7.3 6.8 6.4 Pound sterling 1.2 0.9 1.1 1.2 1.3 1.2 1.3 1.2 Swiss franc 0.2 0.3 0.2 0.4 0.3 0.3 0.3 0.2 U.S.dollars 41.5 40.8 44.6 41.7 43.1 46.0 45.3 41.9 4. Average terms of new commitments Official creditors Interest (%) 5.9 2.5 0.0 0.8 0.8 0.1 0.0 0.0 Maturity (years) 23.8 19.9 0.0 43.5 41.3 41.1 40.0 40.0 Grace period (years) 6.4 4.4 0.0 10.3 10.0 2.1 1.0 11.0 Private creditors Interest (%) 0.0 0.0 0.0 2.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 11.1 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 2.9 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 8,579 4,878 3,918 5,485 6,276 6,760 8,145 8,597 Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services .. .. .. .. .. .. .. .. International reserves 261 157 83 98 236 131 155 181 Current account balance .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 119.6 271.4 298.4 205.2 182.2 156.8 137.5 142.9 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 7.2 23.6 29.3 3.5 4.3 3.7 4.6 5.1 Multilateral to external debt stocks (%) 18.6 18.0 18.5 24.8 27.1 28.8 29.3 33.1 Reserves to external debt stocks (%) 2.5 1.2 0.7 0.9 2.1 1.2 1.4 1.5 Reserves to imports (months) .. .. .. .. .. .. .. .. 78 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 8,994 9,636 7,880 10,161 10,125 9,412 9,848 10,853 Public and publicly guaranteed 8,994 9,636 7,880 10,161 10,125 9,412 9,848 10,853 Official creditors 8,105 8,758 7,384 9,789 9,749 9,042 9,482 10,500 Multilateral 1,912 2,382 2,164 2,796 3,098 3,050 3,280 4,061 of which: IBRD 49 92 81 0 0 0 0 0 IDA 1,112 1,321 1,188 1,771 1,993 2,050 2,251 2,402 Bilateral 6,193 6,376 5,220 6,993 6,651 5,992 6,202 6,439 Private creditors 889 878 496 372 376 370 367 353 of which: Bonds 5 5 3 2 1 1 1 0 Commercial banks 118 117 81 1 1 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 315 0 0 190 211 249 146 109 Public and publicly guaranteed 315 0 0 190 211 249 146 109 Official creditors 312 0 0 161 211 249 146 109 Multilateral 222 0 0 160 211 249 146 109 of which: IBRD 21 0 0 0 0 0 0 0 IDA 89 0 0 160 167 226 138 99 Bilateral 90 0 0 1 0 0 0 0 Private creditors 3 0 0 29 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 49 0 0 56 67 112 172 219 Public and publicly guaranteed 49 0 0 56 67 112 172 219 Official creditors 34 0 0 55 63 110 165 210 Multilateral 28 0 0 17 11 11 51 72 of which: IBRD 5 0 0 0 0 0 0 0 IDA 2 0 0 12 0 0 32 38 Bilateral 6 0 0 38 52 98 115 138 Private creditors 15 0 0 1 4 2 6 9 of which: Bonds 0 0 0 0 0 1 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 88 0 0 85 69 97 139 279 Public and publicly guaranteed 88 0 0 85 69 97 139 279 Official creditors 76 0 0 85 68 95 137 276 Multilateral 40 0 0 77 48 52 68 116 of which: IBRD 1 0 0 0 0 0 0 0 IDA 7 0 0 9 11 12 18 18 Bilateral 36 0 0 8 20 43 70 160 Private creditors 12 0 0 0 0 1 2 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,007 918 -356 1,195 179 -834 601 1,086 Net flows on external debt 88 61 20 -67 315 95 79 -135 Cross-currency valuation 400 95 -373 910 426 -816 475 643 9. Debt restructurings Total amount rescheduled 446 0 0 79 49 34 0 0 Total amount forgiven 9 0 0 76 97 65 0 37 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 532 584 288 300 310 327 286 245 Interest 262 243 227 216 204 192 181 172 Private creditors Principal 60 60 4 4 4 4 3 1 Interest 7 4 1 1 1 1 1 1 Notes: The country received debt relief under HIPC in 2007. Data on long-term public and publicly guaranteed debt for 2007 are World Bank staff estimates. 79 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 4,915 5,896 4,790 5,412 6,619 5,831 6,011 5,156 Long-term external debt 4,171 4,874 3,687 4,343 5,521 5,088 5,245 4,807 Public and publicly guaranteed 4,171 4,874 3,687 4,343 5,521 5,088 5,245 4,807 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 11 19 41 28 29 26 35 37 Short-term external debt 733 1,004 1,061 1,041 1,069 717 730 312 interest arrears on long-term 178 414 640 1,010 762 706 719 301 Memorandum items Principal arrears on long-term 569 952 1,734 2,560 2,666 2,518 2,569 1,136 Long-term public sector debt 4,171 4,874 3,687 4,343 5,521 5,088 5,245 4,807 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 192 31 0 28 40 6 22 14 External debt flows Disbursements 318 15 15 25 40 59 22 11 Long-term external debt 312 15 1 25 28 48 10 11 IMF purchases 5 0 14 0 12 12 12 0 Principal repayments 357 84 6 33 119 71 50 42 Long-term external debt 350 82 6 25 107 59 46 42 IMF repurchases 7 2 0 8 12 12 4 0 Net flows 99 166 -51 -248 197 -308 -29 -32 Long-term external debt -38 -67 -4 0 -79 -11 -36 -31 IMF flows -1 -2 14 -4 -8 -8 0 0 Short-term external debt 138 236 -61 -240 276 -296 0 -1 Interest payments 163 97 38 29 99 35 41 32 Long-term external debt 114 61 7 28 88 35 40 31 IMF charges 1 1 1 0 0 0 0 0 Short-term external debt 48 35 30 1 11 0 0 0 2. Other non-debt resource flows Foreign direct investment (net) -14 125 166 323 -9 1,810 2,890 4,289 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 0 326 466 388 647 1,296 1,403 1,651 Grants (excluding technical coop.) 50 86 32 33 77 1,308 255 95 of which: Debt forgiveness grants .. .. 6 3 5 1,234 157 13 IDA grants .. .. .. 0 6 11 10 13 Memo: technical coop. grants 51 41 19 32 32 32 30 46 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 52.7 37.6 33.4 34.4 37.2 Japanese yen 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Pound sterling 5.4 3.5 4.9 4.9 3.7 4.2 4.6 3.8 Swiss franc 0.4 0.5 0.3 0.3 0.1 0.2 0.2 0.3 U.S.dollars 16.5 24.0 29.5 25.9 53.2 55.9 54.8 52.7 4. Average terms of new commitments Official creditors Interest (%) 4.3 2.2 0.0 0.8 0.8 4.2 0.0 0.7 Maturity (years) 16.9 31.8 0.0 39.6 42.4 23.7 40.0 25.4 Grace period (years) 7.2 9.0 0.0 10.1 10.4 7.2 1.0 6.8 Private creditors Interest (%) 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2,324 1,228 2,275 2,679 3,247 4,509 5,979 5,989 Exports of goods, services & income 1,503 1,384 2,644 2,846 3,649 4,983 6,352 6,151 Worker remit. & comp. of employees 0 4 10 13 15 11 13 15 Imports of goods & services 1,757 2,050 2,013 2,303 2,947 4,318 6,202 8,294 International reserves 10 64 225 39 124 738 1,848 2,184 Current account balance -251 -625 648 520 674 696 124 -2,181 6. Ratios External debt stocks to exports (%) 327.1 426.0 181.2 190.2 181.4 117.0 94.6 83.8 External debt stocks to GNI (%) 211.5 480.0 210.5 202.0 203.8 129.3 100.5 86.1 Debt service to exports (%) 34.6 13.1 1.6 2.2 6.0 2.1 1.4 1.2 Short-term to external debt stocks (%) 14.9 17.0 22.2 19.2 16.2 12.3 12.2 6.0 Multilateral to external debt stocks (%) 11.3 10.8 10.5 10.1 7.6 8.6 8.3 9.3 Reserves to external debt stocks (%) 0.2 1.1 4.7 0.7 1.9 12.6 30.7 42.3 Reserves to imports (months) 0.1 0.4 1.3 0.2 0.5 2.0 3.6 3.2 80 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 4,171 4,874 3,687 4,343 5,521 5,088 5,245 4,807 Public and publicly guaranteed 4,171 4,874 3,687 4,343 5,521 5,088 5,245 4,807 Official creditors 3,032 3,966 2,928 3,512 3,310 2,980 3,108 3,274 Multilateral 555 634 503 544 502 499 501 477 of which: IBRD 164 105 65 3 0 0 0 0 IDA 75 174 159 235 269 280 295 303 Bilateral 2,477 3,332 2,425 2,968 2,808 2,481 2,607 2,796 Private creditors 1,139 908 760 830 2,210 2,108 2,137 1,533 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 724 785 693 740 2,113 2,023 2,043 1,452 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 312 15 1 25 28 48 10 11 Public and publicly guaranteed 312 15 1 25 28 48 10 11 Official creditors 127 15 1 25 28 48 10 11 Multilateral 11 1 0 24 27 45 8 10 of which: IBRD 2 1 0 0 0 0 0 0 IDA 0 0 0 24 27 35 8 2 Bilateral 116 14 1 1 1 3 2 1 Private creditors 185 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 174 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 350 82 6 25 107 59 46 42 Public and publicly guaranteed 350 82 6 25 107 59 46 42 Official creditors 66 32 6 25 107 59 46 42 Multilateral 26 19 6 24 98 43 28 22 of which: IBRD 6 18 2 6 3 0 0 0 IDA 0 1 1 2 4 5 5 5 Bilateral 40 13 0 1 9 16 19 20 Private creditors 283 50 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 255 46 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 114 61 7 28 88 35 40 31 Public and publicly guaranteed 114 61 7 28 88 35 40 31 Official creditors 62 20 7 28 88 35 40 31 Multilateral 25 11 7 23 84 25 14 11 of which: IBRD 12 10 1 1 0 0 0 0 IDA 1 1 1 2 2 2 2 2 Bilateral 38 9 0 5 4 10 27 21 Private creditors 51 40 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 44 39 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 685 588 -138 363 1,207 -788 180 -855 Net flows on external debt 99 166 -51 -248 197 -308 -29 -32 Cross-currency valuation 316 116 -157 436 202 -320 243 238 9. Debt restructurings Total amount rescheduled 780 108 0 0 1,097 96 136 802 Total amount forgiven 0 24 0 0 915 110 112 1,063 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 227 228 63 102 108 115 120 112 Interest 81 67 55 53 50 47 44 41 Private creditors Principal 0 0 0 0 23 46 46 46 Interest 23 23 23 23 23 22 21 20 Notes: Data include the effects of London Club debt restructuring agreement signed in 2007. 81 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 3,756 3,802 4,695 5,650 5,514 5,996 6,591 7,846 Long-term external debt 3,367 3,348 3,740 4,024 3,834 3,892 4,266 4,884 Public and publicly guaranteed 3,063 3,133 3,504 3,849 3,555 3,244 3,428 3,750 Private nonguaranteed 304 214 236 175 279 648 837 1,134 Use of IMF credit 11 24 0 0 0 0 0 0 Short-term external debt 377 430 955 1,626 1,680 2,104 2,326 2,962 interest arrears on long-term 77 32 20 16 10 9 10 10 Memorandum items Principal arrears on long-term 173 118 68 63 40 40 40 40 Long-term public sector debt 3,059 3,131 3,502 3,848 3,555 3,244 3,428 3,750 Long-term private sector debt 308 216 237 176 279 648 837 1,135 Public & publicly guaranteed commitments 230 25 824 902 292 358 211 70 External debt flows Disbursements 206 211 758 945 385 412 477 483 Long-term external debt 206 211 758 945 385 412 477 483 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 295 399 387 530 508 388 382 372 Long-term external debt 269 355 387 530 508 388 382 372 IMF repurchases 26 44 0 0 0 0 0 0 Net flows -108 -146 550 542 -62 449 315 747 Long-term external debt -63 -144 371 415 -122 24 94 111 IMF flows -26 -44 0 0 0 0 0 0 Short-term external debt -20 42 179 128 60 425 221 636 Interest payments 206 251 261 299 198 209 215 256 Long-term external debt 171 224 205 237 132 115 107 120 IMF charges 3 3 0 0 0 0 0 0 Short-term external debt 32 23 56 62 66 94 109 136 2. Other non-debt resource flows Foreign direct investment (net) 163 337 409 575 794 861 1,469 1,896 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 60 109 1,141 644 330 743 853 1,131 Grants (excluding technical coop.) 110 30 25 24 32 27 22 57 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 73 77 23 29 28 28 29 45 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 1.5 1.6 1.3 1.2 1.3 Japanese yen 3.0 8.1 4.0 3.0 3.0 2.7 2.1 2.5 Pound sterling 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 58.2 49.4 70.1 74.4 72.7 77.9 81.0 83.4 4. Average terms of new commitments Official creditors Interest (%) 6.4 2.2 6.3 5.5 6.3 5.7 2.3 5.9 Maturity (years) 17.6 7.3 4.3 12.5 8.3 17.5 22.1 11.7 Grace period (years) 5.0 1.2 1.8 2.9 3.2 4.0 6.5 4.8 Private creditors Interest (%) 9.5 6.9 8.3 7.1 6.5 8.2 6.9 0.0 Maturity (years) 3.2 6.0 17.3 9.5 10.0 12.1 10.3 0.0 Grace period (years) 1.1 1.5 17.3 7.8 10.0 0.5 10.3 0.0 5. Major economic aggregates Gross national income (GNI) 7,151 11,497 14,697 16,804 17,818 19,174 21,788 25,468 Exports of goods, services & income 2,094 4,713 8,113 8,636 9,058 10,928 12,673 14,213 Worker remit. & comp. of employees 12 123 136 321 320 420 513 635 Imports of goods & services 2,709 5,089 8,793 9,419 9,764 11,779 13,585 15,665 International reserves 525 1,060 1,318 1,840 1,923 2,314 3,117 4,115 Current account balance -424 -358 -707 -880 -796 -981 -1,053 -1,578 6. Ratios External debt stocks to exports (%) 179.4 80.7 57.9 65.4 60.9 54.9 52.0 55.2 External debt stocks to GNI (%) 52.5 33.1 31.9 33.6 30.9 31.3 30.3 30.8 Debt service to exports (%) 23.9 13.8 8.0 9.6 7.8 5.5 4.7 4.4 Short-term to external debt stocks (%) 10.0 11.3 20.3 28.8 30.5 35.1 35.3 37.8 Multilateral to external debt stocks (%) 30.4 36.3 27.8 25.9 25.8 19.4 18.9 14.4 Reserves to external debt stocks (%) 14.0 27.9 28.1 32.6 34.9 38.6 47.3 52.4 Reserves to imports (months) 2.3 2.5 1.8 2.3 2.4 2.4 2.8 3.2 82 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 3,367 3,348 3,740 4,024 3,834 3,892 4,266 4,884 Public and publicly guaranteed 3,063 3,133 3,504 3,849 3,555 3,244 3,428 3,750 Official creditors 2,359 2,521 1,911 1,799 1,704 1,407 1,487 1,480 Multilateral 1,141 1,381 1,307 1,465 1,423 1,165 1,247 1,131 of which: IBRD 409 300 121 80 71 59 53 45 IDA 3 3 2 1 1 1 1 1 Bilateral 1,218 1,139 604 333 281 242 239 349 Private creditors 704 613 1,593 2,050 1,851 1,837 1,942 2,270 of which: Bonds 609 572 1,542 1,911 1,710 1,678 1,703 1,928 Commercial banks 41 4 24 116 120 138 221 324 Private nonguaranteed 304 214 236 175 279 648 837 1,134 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 206 211 758 945 385 412 477 483 Public and publicly guaranteed 201 201 749 945 261 122 180 65 Official creditors 170 201 249 379 185 71 92 49 Multilateral 89 183 130 358 185 65 77 33 of which: IBRD 5 16 6 7 8 5 5 1 IDA 0 0 0 0 0 0 0 0 Bilateral 81 18 118 21 0 6 15 16 Private creditors 31 0 500 565 76 51 88 16 of which: Bonds 0 0 500 450 60 0 50 0 Commercial banks 30 0 0 115 16 51 38 16 Private nonguaranteed 5 10 9 0 124 290 297 418 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 269 355 387 530 508 388 382 372 Public and publicly guaranteed 263 331 370 509 487 367 275 225 Official creditors 92 321 333 230 205 302 224 184 Multilateral 79 176 154 158 167 271 208 171 of which: IBRD 45 55 33 18 17 17 11 9 IDA 0 0 0 0 0 0 0 0 Bilateral 14 145 179 72 38 31 16 14 Private creditors 171 10 37 279 282 65 51 41 of which: Bonds 42 4 30 246 261 32 25 25 Commercial banks 124 2 4 32 20 32 26 15 Private nonguaranteed 6 24 17 21 21 21 107 146 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 171 224 205 237 132 115 107 120 Public and publicly guaranteed 169 204 189 226 123 107 98 113 Official creditors 104 162 104 88 68 63 53 37 Multilateral 77 95 84 77 62 57 50 35 of which: IBRD 33 27 12 6 4 3 3 3 IDA 0 0 0 0 0 0 0 0 Bilateral 27 67 20 11 6 5 3 2 Private creditors 65 42 86 138 55 44 46 76 of which: Bonds 24 37 80 130 48 39 37 68 Commercial banks 36 0 2 4 5 4 8 7 Private nonguaranteed 2 21 16 11 10 9 8 7 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -834 -107 491 584 -136 483 595 1,255 Net flows on external debt -108 -146 550 542 -62 449 315 747 Cross-currency valuation 52 24 -28 65 28 -37 146 26 9. Debt restructurings Total amount rescheduled 641 0 0 0 0 1 0 0 Total amount forgiven 0 3 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 245 228 211 194 188 194 169 127 Interest 85 77 70 63 54 46 36 28 Private creditors Principal 335 519 125 428 407 616 457 217 Interest 183 159 141 126 112 71 49 29 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt is based on reports provided by the country. 83 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 17,251 18,899 12,138 12,187 13,229 11,955 12,823 13,938 Long-term external debt 13,223 14,562 10,546 10,844 12,101 10,873 11,610 12,242 Public and publicly guaranteed 10,665 11,902 9,063 9,700 11,092 9,973 10,828 11,651 Private nonguaranteed 2,558 2,660 1,482 1,144 1,010 900 782 591 Use of IMF credit 431 427 549 425 311 198 150 173 Short-term external debt 3,597 3,910 1,043 917 816 883 1,063 1,523 interest arrears on long-term 819 1,020 79 359 708 883 1,063 1,523 Memorandum items Principal arrears on long-term 1,727 2,686 169 375 1,319 1,647 2,281 2,806 Long-term public sector debt 10,663 11,901 9,063 9,700 11,092 9,973 10,828 11,651 Long-term private sector debt 2,560 2,661 1,482 1,144 1,010 900 782 591 Public & publicly guaranteed commitments 764 716 72 0 51 40 58 162 External debt flows Disbursements 1,172 924 148 57 64 55 115 140 Long-term external debt 1,019 743 148 57 64 55 115 77 IMF purchases 153 181 0 0 0 0 0 62 Principal repayments 621 625 481 430 336 256 219 346 Long-term external debt 498 539 442 325 209 165 161 299 IMF repurchases 123 86 39 105 127 91 57 47 Net flows 1,189 935 -617 -480 -722 -309 -104 -206 Long-term external debt 521 204 -294 -269 -145 -110 -46 -222 IMF flows 34 -86 0 0 0 0 0 62 Short-term external debt 639 636 -283 -106 -450 -108 0 0 Interest payments 641 421 539 142 57 51 51 84 Long-term external debt 443 390 462 121 45 47 50 83 IMF charges 31 8 3 2 2 1 1 1 Short-term external debt 167 23 74 18 10 3 0 0 2. Other non-debt resource flows Foreign direct investment (net) 48 211 235 165 283 312 319 427 Portfolio equity flows 0 1 1 16 -5 14 2 148 Profit remittances on FDI 75 204 284 335 364 370 478 0 Grants (excluding technical coop.) 287 454 238 286 223 176 203 235 of which: Debt forgiveness grants .. .. 86 207 119 56 46 41 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 129 123 72 76 77 67 130 60 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 31.8 53.8 51.9 53.4 55.5 Japanese yen 0.9 1.4 1.4 1.2 1.3 1.3 1.2 1.1 Pound sterling 1.3 0.9 0.6 0.4 0.4 0.4 0.4 0.4 Swiss franc 2.3 0.5 0.2 0.1 0.2 0.2 0.2 0.2 U.S.dollars 15.5 22.0 53.7 56.9 35.6 37.7 35.9 34.1 4. Average terms of new commitments Official creditors Interest (%) 5.9 1.9 0.8 0.0 1.1 1.7 0.2 4.8 Maturity (years) 20.0 29.8 46.2 0.0 23.8 20.0 7.8 14.9 Grace period (years) 6.3 8.5 9.6 0.0 6.8 5.7 1.7 4.4 Private creditors Interest (%) 0.0 14.5 0.0 0.0 0.0 0.0 0.0 0.5 Maturity (years) 0.0 19.6 0.0 0.0 0.0 0.0 0.0 11.7 Grace period (years) 0.0 0.1 0.0 0.0 0.0 0.0 0.0 3.7 5. Major economic aggregates Gross national income (GNI) 9,209 10,013 9,715 13,018 14,763 15,643 16,589 18,929 Exports of goods, services & income 3,561 4,526 4,512 6,622 7,873 8,726 9,520 9,634 Worker remit. & comp. of employees 44 151 119 142 159 163 167 179 Imports of goods & services 4,594 4,782 4,423 5,841 7,165 8,222 8,508 9,401 International reserves 21 529 668 1,304 1,694 1,322 1,798 2,519 Current account balance -1,214 -492 -241 294 241 40 479 -146 6. Ratios External debt stocks to exports (%) 484.5 417.5 269.0 184.0 168.0 137.0 134.7 144.7 External debt stocks to GNI (%) 187.3 188.7 124.9 93.6 89.6 76.4 77.3 73.6 Debt service to exports (%) 35.4 23.1 22.6 8.6 5.0 3.5 2.8 4.5 Short-term to external debt stocks (%) 20.8 20.7 8.6 7.5 6.2 7.4 8.3 10.9 Multilateral to external debt stocks (%) 20.8 20.6 24.4 27.0 25.8 25.9 26.0 24.9 Reserves to external debt stocks (%) 0.1 2.8 5.5 10.7 12.8 11.1 14.0 18.1 Reserves to imports (months) 0.1 1.3 1.8 2.7 2.8 1.9 2.5 3.2 84 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 13,223 14,562 10,546 10,844 12,101 10,873 11,610 12,242 Public and publicly guaranteed 10,665 11,902 9,063 9,700 11,092 9,973 10,828 11,651 Official creditors 7,686 9,217 6,669 7,341 8,604 7,681 8,390 9,067 Multilateral 3,585 3,900 2,958 3,289 3,414 3,095 3,337 3,477 of which: IBRD 1,913 1,573 599 481 479 423 456 479 IDA 7 813 1,366 1,786 1,904 1,763 1,847 1,909 Bilateral 4,101 5,317 3,711 4,052 5,190 4,586 5,053 5,590 Private creditors 2,980 2,685 2,394 2,359 2,488 2,292 2,439 2,584 of which: Bonds 0 0 2,343 2,343 0 0 0 0 Commercial banks 2,640 2,630 14 1 2,488 2,292 2,439 2,584 Private nonguaranteed 2,558 2,660 1,482 1,144 1,010 900 782 591 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,019 743 148 57 64 55 115 77 Public and publicly guaranteed 769 670 148 57 64 21 87 57 Official creditors 758 669 148 57 63 21 87 57 Multilateral 460 340 148 57 51 11 71 35 of which: IBRD 261 19 0 0 0 0 0 0 IDA 0 226 76 52 38 0 0 0 Bilateral 298 329 0 0 13 10 16 22 Private creditors 11 1 0 0 1 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 1 0 0 1 0 0 0 Private nonguaranteed 250 73 0 0 0 34 28 20 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 498 539 442 325 209 165 161 299 Public and publicly guaranteed 319 514 329 210 75 22 15 112 Official creditors 247 479 283 210 75 22 15 112 Multilateral 230 286 143 99 74 22 13 106 of which: IBRD 125 199 57 82 38 0 0 30 IDA 0 0 0 8 5 0 0 16 Bilateral 16 193 140 111 0 0 1 6 Private creditors 72 36 46 0 0 0 0 0 of which: Bonds 1 0 46 0 0 0 0 0 Commercial banks 25 5 0 0 0 0 0 0 Private nonguaranteed 179 25 113 115 134 143 146 187 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 443 390 462 121 45 47 50 83 Public and publicly guaranteed 205 257 342 92 22 3 3 42 Official creditors 187 252 189 92 22 3 3 42 Multilateral 176 172 78 46 22 3 2 41 of which: IBRD 141 135 32 31 11 0 0 10 IDA 0 5 8 11 6 0 0 8 Bilateral 12 81 111 46 0 0 0 1 Private creditors 18 5 153 0 0 0 0 0 of which: Bonds 0 0 153 0 0 0 0 0 Commercial banks 7 1 0 0 0 0 0 0 Private nonguaranteed 237 133 120 29 23 43 47 41 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 2,430 1,503 -1,032 395 1,042 -1,274 868 1,115 Net flows on external debt 1,189 935 -617 -480 -722 -309 -104 -206 Cross-currency valuation 829 17 -468 940 396 -1,089 747 860 9. Debt restructurings Total amount rescheduled 930 381 72 197 0 0 0 0 Total amount forgiven 50 292 22 185 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 799 594 426 392 352 319 315 312 Interest 256 220 194 178 162 149 138 126 Private creditors Principal 372 323 311 279 267 255 247 242 Interest 169 142 119 99 83 68 54 41 Notes: Prior to 2005, short-term debt data are World Bank staff estimates, based on the BIS data on international bank lending. Short-term debt figures were revised from 2005, as the country reports that they had no short-term debt figures. Long-term private nonguaranteed debt data are World Bank staff estimates. 85 CROATIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. 3,830 12,438 25,783 32,968 30,641 38,355 48,584 Long-term external debt .. 3,117 11,338 23,649 29,325 26,328 32,783 43,485 Public and publicly guaranteed .. 1,860 6,111 10,111 11,654 10,035 11,109 14,212 Private nonguaranteed .. 1,257 5,227 13,538 17,671 16,293 21,674 29,273 Use of IMF credit .. 221 158 0 0 0 0 0 Short-term external debt .. 492 942 2,134 3,643 4,313 5,572 5,099 interest arrears on long-term .. 71 45 99 80 78 103 124 Memorandum items Principal arrears on long-term .. 547 209 669 585 608 881 1,042 Long-term public sector debt .. 1,309 5,415 9,483 11,125 9,633 10,820 13,966 Long-term private sector debt .. 1,808 5,924 14,166 18,200 16,695 21,964 29,519 Public & publicly guaranteed commitments .. 359 1,215 2,392 1,971 1,452 1,507 5,092 External debt flows Disbursements .. 618 3,357 9,193 7,771 5,869 10,688 12,855 Long-term external debt .. 519 3,357 9,193 7,771 5,869 10,688 12,855 IMF purchases .. 99 0 0 0 0 0 0 Principal repayments .. 240 2,442 3,495 4,077 4,339 6,650 7,482 Long-term external debt .. 234 2,413 3,495 4,077 4,339 6,650 7,482 IMF repurchases .. 6 29 0 0 0 0 0 Net flows .. 627 1,164 7,139 5,222 2,203 5,272 4,879 Long-term external debt .. 285 944 5,698 3,694 1,531 4,038 5,373 IMF flows .. 93 -29 0 0 0 0 0 Short-term external debt .. 249 249 1,441 1,528 672 1,234 -494 Interest payments .. 126 598 887 1,203 1,077 1,210 1,591 Long-term external debt .. 98 566 846 1,113 950 1,046 1,437 IMF charges .. 10 9 0 0 0 0 0 Short-term external debt .. 18 23 41 89 127 164 154 2. Other non-debt resource flows Foreign direct investment (net) .. 114 1,083 2,055 1,079 1,788 3,432 4,916 Portfolio equity flows .. 4 0 16 178 113 417 435 Profit remittances on FDI .. 6 161 1,018 753 1,073 1,328 1,498 Grants (excluding technical coop.) .. 31 46 64 63 84 151 137 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 21 31 73 77 54 64 40 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 61.5 67.2 65.7 71.3 77.8 Japanese yen .. 3.7 9.6 10.9 9.7 9.8 7.0 3.2 Pound sterling .. 3.3 0.6 0.4 0.3 0.3 0.2 0.2 Swiss franc .. 2.7 2.0 1.4 1.0 1.1 0.7 0.4 U.S.dollars .. 30.2 40.8 23.3 19.7 21.2 19.2 17.3 4. Average terms of new commitments Official creditors Interest (%) .. 6.1 6.4 3.2 3.3 2.3 4.1 4.6 Maturity (years) .. 13.7 12.5 12.5 12.7 14.3 20.5 19.8 Grace period (years) .. 3.9 5.7 -89.4 3.3 6.9 4.8 5.8 Private creditors Interest (%) .. 2.7 5.8 3.1 4.2 2.0 3.2 4.7 Maturity (years) .. 2.4 5.9 7.5 7.3 4.7 6.5 8.1 Grace period (years) .. 1.2 4.6 4.4 7.3 3.0 3.9 5.2 5. Major economic aggregates Gross national income (GNI) .. 18,755 17,938 28,341 34,805 37,678 41,473 49,721 Exports of goods, services & income .. 7,672 9,525 16,185 19,318 20,615 23,261 27,518 Worker remit. & comp. of employees .. 544 641 1,085 1,222 1,222 1,234 1,394 Imports of goods & services .. 9,353 10,404 18,958 21,827 23,800 27,257 32,785 International reserves .. 1,896 3,524 8,191 8,758 8,800 11,488 13,675 Current account balance .. -1,385 -533 -2,162 -1,875 -2,555 -3,295 -4,447 6. Ratios External debt stocks to exports (%) .. 49.9 130.6 159.3 170.7 148.6 164.9 176.6 External debt stocks to GNI (%) .. 20.4 69.3 91.0 94.7 81.3 92.5 97.7 Debt service to exports (%) .. 4.8 31.9 27.1 27.3 26.3 33.8 33.0 Short-term to external debt stocks (%) .. 12.8 7.6 8.3 11.1 14.1 14.5 10.5 Multilateral to external debt stocks (%) .. 7.9 4.8 5.5 4.9 5.3 6.3 6.1 Reserves to external debt stocks (%) .. 49.5 28.3 31.8 26.6 28.7 30.0 28.1 Reserves to imports (months) .. 2.4 4.1 5.2 4.8 4.4 5.1 5.0 86 CROATIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. 3,117 11,338 23,649 29,325 26,328 32,783 43,485 Public and publicly guaranteed .. 1,860 6,111 10,111 11,654 10,035 11,109 14,212 Official creditors .. 1,621 1,488 2,611 2,858 2,595 3,395 3,924 Multilateral .. 304 593 1,424 1,615 1,629 2,424 2,974 of which: IBRD .. 117 395 777 856 798 1,028 1,101 IDA .. 0 0 0 0 0 0 0 Bilateral .. 1,317 896 1,187 1,243 966 970 950 Private creditors .. 240 4,623 7,500 8,796 7,440 7,714 10,287 of which: Bonds .. 0 3,136 5,315 6,559 5,065 4,879 5,857 Commercial banks .. 135 1,211 1,937 2,010 2,045 2,507 3,930 Private nonguaranteed .. 1,257 5,227 13,538 17,671 16,293 21,674 29,273 of which: Bonds .. 0 0 392 1,131 984 1,006 764 Disbursements .. 519 3,357 9,193 7,771 5,869 10,688 12,855 Public and publicly guaranteed .. 203 1,513 2,047 1,945 1,040 1,598 3,432 Official creditors .. 72 219 705 317 368 631 518 Multilateral .. 60 83 420 197 328 603 406 of which: IBRD .. 50 55 160 98 81 243 103 IDA .. 0 0 0 0 0 0 0 Bilateral .. 12 136 285 120 40 28 112 Private creditors .. 131 1,293 1,342 1,628 672 966 2,913 of which: Bonds .. 0 833 781 1,245 0 188 754 Commercial banks .. 100 307 519 360 515 695 1,931 Private nonguaranteed .. 315 1,844 7,146 5,826 4,830 9,090 9,423 of which: Bonds .. 0 0 216 671 70 286 0 Principal repayments .. 234 2,413 3,495 4,077 4,339 6,650 7,482 Public and publicly guaranteed .. 73 696 808 1,145 1,453 1,708 1,894 Official creditors .. 52 151 189 266 327 400 506 Multilateral .. 52 44 73 107 139 172 234 of which: IBRD .. 20 22 47 62 70 73 101 IDA .. 0 0 0 0 0 0 0 Bilateral .. 0 107 117 159 188 229 272 Private creditors .. 21 545 618 879 1,127 1,308 1,387 of which: Bonds .. 0 129 302 392 785 754 420 Commercial banks .. 0 376 197 427 286 460 893 Private nonguaranteed .. 161 1,717 2,688 2,931 2,885 4,941 5,588 of which: Bonds .. 0 0 0 0 292 0 243 Interest payments .. 98 566 846 1,113 950 1,046 1,437 Public and publicly guaranteed .. 32 393 416 427 490 509 604 Official creditors .. 27 80 82 94 102 137 181 Multilateral .. 25 32 42 49 57 89 130 of which: IBRD .. 7 19 24 21 26 39 51 IDA .. 0 0 0 0 0 0 0 Bilateral .. 2 48 39 44 45 48 51 Private creditors .. 5 313 334 334 388 372 423 of which: Bonds .. 0 223 259 259 305 266 267 Commercial banks .. 0 77 64 68 77 99 148 Private nonguaranteed .. 66 173 430 686 460 537 833 of which: Bonds .. 0 0 32 40 76 85 184 8. Debt stock-flow reconciliation Total change in external debt stocks .. 1,776 1,028 9,094 7,186 -2,328 7,714 10,228 Net flows on external debt .. 627 1,164 7,139 5,222 2,203 5,272 4,879 Cross-currency valuation .. 29 -206 979 527 -1,188 770 954 9. Debt restructurings Total amount rescheduled .. 1,065 0 0 0 0 0 0 Total amount forgiven .. 0 0 0 0 0 0 0 Debt buyback .. 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 594 583 394 437 447 451 387 594 Interest 221 216 202 190 177 172 153 136 Private creditors Principal 6,484 6,719 5,047 6,470 3,264 793 1,551 1,109 Interest 1,516 1,338 1,075 841 547 409 385 341 Notes: Short-term debt is based on reports provided by the country. 87 DJIBOUTI (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 205.3 281.8 262.2 385.1 416.7 411.8 462.9 472.2 Long-term external debt 155.2 268.9 237.9 355.5 382.1 376.5 426.0 439.8 Public and publicly guaranteed 155.2 268.9 237.9 355.5 382.1 376.5 426.0 439.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 13.4 20.4 21.2 18.7 18.0 16.1 Short-term external debt 50.1 12.9 10.9 9.2 13.4 16.6 18.8 16.3 interest arrears on long-term 0.1 3.5 6.9 8.3 8.7 8.7 9.2 3.3 Memorandum items Principal arrears on long-term 1.2 13.1 24.4 16.8 20.3 22.7 26.4 9.0 Long-term public sector debt 155.2 268.9 237.9 355.5 382.1 376.5 426.0 439.8 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 6.2 0.0 48.6 27.6 57.0 49.4 37.8 22.7 External debt flows Disbursements 27.0 18.4 11.3 30.4 26.3 30.6 51.9 29.0 Long-term external debt 27.0 18.4 7.7 30.4 26.3 30.6 51.9 29.0 IMF purchases 0.0 0.0 3.6 0.0 0.0 0.0 0.0 0.0 Principal repayments 8.9 9.2 10.7 12.3 13.3 11.2 17.3 37.6 Long-term external debt 8.9 9.2 8.4 10.5 13.1 10.4 15.7 34.8 IMF repurchases 0.0 0.0 2.3 1.8 0.2 0.8 1.6 2.8 Net flows 20.8 13.2 -2.2 15.5 16.8 22.6 36.2 -5.2 Long-term external debt 18.0 9.2 -0.7 19.9 13.2 20.2 36.1 -5.8 IMF flows 0.0 0.0 -2.3 -1.8 -0.2 0.0 0.0 0.0 Short-term external debt 2.8 3.9 -2.9 -2.6 3.8 3.2 1.7 3.4 Interest payments 6.0 2.5 2.8 3.3 4.4 3.9 5.2 6.8 Long-term external debt 2.1 2.0 2.2 3.1 4.2 3.6 4.9 6.2 IMF charges 0.0 0.0 0.4 0.1 0.1 0.1 0.1 0.1 Short-term external debt 3.9 0.5 0.2 0.0 0.2 0.2 0.3 0.5 2. Other non-debt resource flows Foreign direct investment (net) 0.0 3.2 3.3 14.2 38.5 22.2 108.3 195.4 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI 0.0 4.6 4.2 6.0 6.0 5.9 5.9 0.0 Grants (excluding technical coop.) 130.7 48.8 27.9 26.0 30.6 43.7 67.2 82.8 of which: Debt forgiveness grants .. .. 0.3 0.1 0.1 0.1 0.1 0.1 IDA grants .. .. .. 1.1 2.6 4.6 4.7 2.7 Memo: technical coop. grants 43.8 45.7 23.6 27.6 29.2 31.6 42.0 19.9 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 14.1 13.9 11.8 11.4 7.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 13.9 12.4 16.2 32.1 33.6 34.1 34.4 35.5 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.0 2.3 0.9 2.2 0.9 2.8 4.1 Maturity (years) 39.7 0.0 29.9 25.3 31.8 43.3 9.4 24.8 Grace period (years) 10.2 0.0 6.9 6.1 6.9 10.3 4.6 5.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. 515.0 567.0 673.0 731.1 775.8 853.9 911.9 Exports of goods, services & income .. 221.8 219.2 287.1 287.0 322.8 350.8 .. Worker remit. & comp. of employees 0.0 12.0 0.0 24.7 24.7 25.9 28.5 28.5 Imports of goods & services .. 263.5 287.1 315.5 349.3 372.3 443.1 .. International reserves 93.6 72.2 67.8 100.1 93.9 89.3 120.3 132.1 Current account balance .. 17.5 -19.0 38.1 3.2 20.1 -17.2 .. 6. Ratios External debt stocks to exports (%) .. 127.1 119.6 134.1 145.2 127.6 131.9 .. External debt stocks to GNI (%) .. 54.7 46.2 57.2 57.0 53.1 54.2 51.8 Debt service to exports (%) .. 5.2 6.2 5.4 6.2 4.7 6.4 .. Short-term to external debt stocks (%) 24.4 4.6 4.2 2.4 3.2 4.0 4.1 3.5 Multilateral to external debt stocks (%) 41.9 48.4 52.8 63.5 65.9 66.2 69.0 74.7 Reserves to external debt stocks (%) 45.6 25.6 25.9 26.0 22.5 21.7 26.0 28.0 Reserves to imports (months) .. 3.3 2.8 3.8 3.2 2.9 3.3 .. 88 DJIBOUTI (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 155.2 268.9 237.9 355.5 382.1 376.5 426.0 439.8 Public and publicly guaranteed 155.2 268.9 237.9 355.5 382.1 376.5 426.0 439.8 Official creditors 155.2 268.9 237.9 349.9 376.6 371.0 420.5 435.3 Multilateral 86.1 136.4 138.3 244.7 274.6 272.7 319.6 352.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 31.1 46.2 49.9 112.1 126.4 120.3 133.3 147.2 Bilateral 69.2 132.5 99.6 105.2 102.0 98.3 100.9 82.5 Private creditors 0.0 0.0 0.0 5.6 5.6 5.6 5.6 4.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 5.6 5.6 5.6 5.6 4.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 27.0 18.4 7.7 30.4 26.3 30.6 51.9 29.0 Public and publicly guaranteed 27.0 18.4 7.7 30.4 26.3 30.6 51.9 29.0 Official creditors 27.0 18.4 7.7 30.4 26.3 30.6 51.9 29.0 Multilateral 8.9 10.0 7.7 27.8 25.1 21.3 45.5 26.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.5 2.8 3.9 25.8 9.8 4.7 8.2 9.7 Bilateral 18.0 8.4 0.0 2.6 1.2 9.3 6.4 2.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 8.9 9.2 8.4 10.5 13.1 10.4 15.7 34.8 Public and publicly guaranteed 8.9 9.2 8.4 10.5 13.1 10.4 15.7 34.8 Official creditors 8.3 9.2 8.4 10.5 13.1 10.4 15.7 34.8 Multilateral 3.5 4.4 4.0 3.4 5.1 4.9 9.0 8.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.3 0.5 0.9 1.2 1.4 1.2 1.8 Bilateral 4.8 4.8 4.4 7.0 8.0 5.4 6.7 26.2 Private creditors 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 2.1 2.0 2.2 3.1 4.2 3.6 4.9 6.2 Public and publicly guaranteed 2.1 2.0 2.2 3.1 4.2 3.6 4.9 6.2 Official creditors 2.1 2.0 2.2 3.1 4.2 3.6 4.9 6.2 Multilateral 1.3 0.9 1.4 2.2 2.6 2.6 3.8 4.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.3 0.4 0.7 1.1 1.0 0.8 1.1 Bilateral 0.8 1.1 0.8 1.0 1.6 1.0 1.1 1.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 26.8 18.7 -12.5 58.9 31.6 -4.9 51.1 9.3 Net flows on external debt 20.8 13.2 -2.2 15.5 16.8 22.6 36.2 -5.2 Cross-currency valuation 3.0 1.8 -6.5 19.0 10.1 -18.0 11.8 17.9 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.3 1.1 0.6 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 25.5 27.3 27.5 28.4 46.8 24.8 23.0 22.0 Interest 6.2 6.8 7.2 7.2 7.0 6.2 5.7 5.4 Private creditors Principal 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Interest 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 2007 are based on reports provided by the country. Short-term debt data are World Bank staff estimates. 89 DOMINICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 88.0 103.3 164.8 286.1 304.4 273.9 254.0 289.9 Long-term external debt 80.2 94.9 145.8 205.2 225.1 221.8 218.0 214.7 Public and publicly guaranteed 80.2 94.9 145.8 205.2 225.1 221.8 218.0 214.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 5.7 1.7 0.0 7.9 9.2 11.6 14.0 12.1 Short-term external debt 2.0 6.7 19.0 73.0 70.1 40.6 22.0 63.0 interest arrears on long-term 0.0 0.2 0.0 3.0 3.1 8.6 11.0 14.0 Memorandum items Principal arrears on long-term 0.2 1.8 0.3 2.6 5.8 9.3 8.4 24.3 Long-term public sector debt 80.2 94.9 145.8 205.2 225.1 221.8 218.0 214.7 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 3.4 5.1 57.3 15.8 13.5 25.8 0.0 6.0 External debt flows Disbursements 11.5 9.5 56.2 23.7 30.1 8.0 6.5 4.9 Long-term external debt 11.5 9.5 56.2 19.2 29.2 4.5 3.1 4.9 IMF purchases 0.0 0.0 0.0 4.6 0.9 3.5 3.4 0.0 Principal repayments 3.8 4.4 6.7 6.9 7.6 10.0 11.1 12.9 Long-term external debt 2.5 3.6 6.7 6.9 7.6 9.6 9.5 10.4 IMF repurchases 1.4 0.9 0.0 0.0 0.0 0.4 1.6 2.5 Net flows 7.8 4.6 49.7 63.4 19.5 -37.0 -25.6 27.0 Long-term external debt 9.0 5.9 49.5 12.3 21.6 -5.2 -6.4 -5.6 IMF flows -1.4 0.0 0.0 1.3 0.0 -0.4 -1.6 -2.5 Short-term external debt 0.1 -0.5 0.2 46.5 -3.0 -35.0 -21.0 35.0 Interest payments 2.0 2.4 4.1 8.1 8.8 6.2 6.8 6.6 Long-term external debt 1.6 2.0 3.0 6.6 6.6 4.6 5.5 4.9 IMF charges 0.2 0.0 0.0 0.1 0.1 0.2 0.2 0.1 Short-term external debt 0.2 0.4 1.1 1.4 2.1 1.5 1.1 1.6 2. Other non-debt resource flows Foreign direct investment (net) 12.9 54.1 17.6 31.5 26.2 19.2 26.8 46.4 Portfolio equity flows -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI 5.4 12.2 33.0 15.8 21.8 22.7 9.2 9.6 Grants (excluding technical coop.) 3.1 24.6 5.0 2.8 17.5 5.9 16.6 19.8 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 1.0 1.1 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 2.9 3.6 3.3 2.3 2.4 2.8 1.4 2.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 6.5 6.0 5.4 4.1 3.6 Japanese yen 0.3 1.1 0.4 0.0 0.0 0.0 0.0 0.0 Pound sterling 16.5 13.3 2.8 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.7 60.8 81.1 85.0 85.1 86.0 87.2 86.7 4. Average terms of new commitments Official creditors Interest (%) 3.0 2.6 5.2 1.6 0.8 2.4 0.0 0.8 Maturity (years) 25.2 26.4 21.3 13.2 34.7 21.9 0.0 34.5 Grace period (years) 8.5 8.8 6.9 4.5 10.2 7.6 0.0 10.0 Private creditors Interest (%) 0.0 0.0 1.9 0.0 3.5 0.0 0.0 0.0 Maturity (years) 0.0 0.0 9.2 0.0 28.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 2.3 0.0 15.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 161.4 210.7 231.9 238.2 253.5 274.3 282.5 .. Exports of goods, services & income 102.8 121.6 162.1 134.8 152.7 155.7 171.6 167.5 Worker remit. & comp. of employees 14.0 3.0 3.0 4.0 23.2 25.0 25.4 26.0 Imports of goods & services 142.9 158.9 227.1 186.6 211.3 231.0 221.8 255.8 International reserves 14.5 22.1 29.4 47.7 42.3 49.2 63.0 60.5 Current account balance -43.5 -40.2 -59.8 -53.2 -60.2 -76.1 -51.6 -89.7 6. Ratios External debt stocks to exports (%) 85.5 85.0 101.7 212.2 199.3 175.9 148.0 173.1 External debt stocks to GNI (%) 54.5 49.0 71.1 120.1 120.1 99.8 89.9 .. Debt service to exports (%) 5.6 5.6 6.7 11.1 10.8 10.4 10.5 11.6 Short-term to external debt stocks (%) 2.3 6.5 11.5 25.5 23.0 14.8 8.7 21.7 Multilateral to external debt stocks (%) 65.7 59.6 49.5 40.0 41.2 44.1 45.8 40.1 Reserves to external debt stocks (%) 16.4 21.4 17.8 16.7 13.9 18.0 24.8 20.9 Reserves to imports (months) 1.2 1.7 1.6 3.1 2.4 2.6 3.4 2.8 90 DOMINICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 80.2 94.9 145.8 205.2 225.1 221.8 218.0 214.7 Public and publicly guaranteed 80.2 94.9 145.8 205.2 225.1 221.8 218.0 214.7 Official creditors 80.2 94.9 114.2 155.2 165.4 161.7 158.0 154.7 Multilateral 57.8 61.6 81.6 114.4 125.3 120.6 116.3 116.2 of which: IBRD 0.0 0.0 2.4 4.1 4.1 3.9 3.3 2.5 IDA 10.4 12.2 13.6 18.2 23.2 21.7 22.5 25.4 Bilateral 22.4 33.3 32.7 40.7 40.1 41.1 41.7 38.5 Private creditors 0.1 0.0 31.6 50.0 59.6 60.0 60.0 60.0 of which: Bonds 0.0 0.0 31.6 36.6 36.6 36.6 36.6 36.6 Commercial banks 0.1 0.0 0.0 10.9 20.5 21.0 21.0 21.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 11.5 9.5 56.2 19.2 29.2 4.5 3.1 4.9 Public and publicly guaranteed 11.5 9.5 56.2 19.2 29.2 4.5 3.1 4.9 Official creditors 11.5 9.5 25.7 18.2 18.7 4.5 3.1 4.9 Multilateral 8.3 3.5 19.3 14.0 18.2 3.9 2.6 4.7 of which: IBRD 0.0 0.0 0.7 0.7 0.4 0.3 0.0 0.0 IDA 0.9 0.1 -0.1 0.3 4.3 0.5 0.1 2.3 Bilateral 3.2 6.0 6.3 4.2 0.5 0.6 0.5 0.1 Private creditors 0.0 0.0 30.5 1.0 10.5 0.0 0.0 0.0 of which: Bonds 0.0 0.0 30.5 1.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 10.5 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.5 3.6 6.7 6.9 7.6 9.6 9.5 10.4 Public and publicly guaranteed 2.5 3.6 6.7 6.9 7.6 9.6 9.5 10.4 Official creditors 2.4 3.6 6.7 6.6 7.6 9.6 9.5 10.4 Multilateral 2.1 2.0 3.7 5.1 6.0 7.8 7.8 6.6 of which: IBRD 0.0 0.0 0.0 0.2 0.4 0.4 0.6 0.8 IDA 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.4 Bilateral 0.3 1.6 3.0 1.5 1.6 1.8 1.7 3.8 Private creditors 0.1 0.0 0.0 0.3 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 0.0 0.0 0.3 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.6 2.0 3.0 6.6 6.6 4.6 5.5 4.9 Public and publicly guaranteed 1.6 2.0 3.0 6.6 6.6 4.6 5.5 4.9 Official creditors 1.6 2.0 2.9 4.3 3.6 4.1 4.7 4.2 Multilateral 1.4 1.5 1.9 2.9 2.4 3.1 3.1 3.0 of which: IBRD 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 IDA 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 Bilateral 0.2 0.4 1.0 1.4 1.2 1.0 1.6 1.2 Private creditors 0.0 0.0 0.1 2.3 3.1 0.5 0.8 0.7 of which: Bonds 0.0 0.0 0.1 1.5 3.1 0.1 0.1 0.1 Commercial banks 0.0 0.0 0.0 0.8 0.0 0.4 0.8 0.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 10.4 5.2 49.3 58.4 18.3 -30.6 -19.8 32.9 Net flows on external debt 7.8 4.6 49.7 63.4 19.5 -37.0 -25.6 27.0 Cross-currency valuation 4.7 1.2 -2.6 4.4 2.9 -5.0 3.4 3.3 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 17.8 14.6 11.5 0.0 Total amount forgiven 3.3 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 11.8 11.3 8.8 8.6 8.0 8.8 8.6 8.7 Interest 3.7 3.7 3.6 3.6 3.5 3.3 3.0 2.7 Private creditors Principal 0.0 1.9 0.4 0.0 0.0 0.0 30.6 0.0 Interest 3.2 3.1 3.1 3.0 3.0 3.0 3.0 0.3 91 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 4,372 4,447 4,541 6,639 7,302 7,383 8,774 10,342 Long-term external debt 3,518 3,672 3,311 5,425 6,152 6,080 6,853 7,391 Public and publicly guaranteed 3,419 3,653 3,311 5,425 6,152 6,078 6,440 6,546 Private nonguaranteed 99 19 0 0 0 2 414 845 Use of IMF credit 72 160 52 130 204 400 459 548 Short-term external debt 782 616 1,178 1,084 946 903 1,461 2,404 interest arrears on long-term 506 214 28 43 29 22 10 12 Memorandum items Principal arrears on long-term 614 320 56 118 84 153 47 46 Long-term public sector debt 3,391 3,626 3,299 5,415 6,143 6,071 6,433 6,540 Long-term private sector debt 127 46 13 10 9 9 420 851 Public & publicly guaranteed commitments 204 167 445 1,834 468 811 1,300 273 External debt flows Disbursements 138 195 303 1,824 1,150 1,086 1,705 1,447 Long-term external debt 138 195 303 1,702 1,085 866 1,564 1,270 IMF purchases 0 0 0 122 65 220 142 177 Principal repayments 146 234 257 618 465 818 1,103 899 Long-term external debt 88 200 257 591 465 818 998 785 IMF repurchases 58 34 0 28 0 0 105 114 Net flows 15 105 311 255 561 233 1,173 1,459 Long-term external debt 50 -5 46 1,111 620 49 566 485 IMF flows -58 -34 0 95 65 220 37 63 Short-term external debt 23 143 265 -950 -124 -36 570 911 Interest payments 86 175 263 306 330 256 349 465 Long-term external debt 59 145 211 245 286 220 284 343 IMF charges 9 10 3 0 5 9 22 26 Short-term external debt 19 20 50 61 39 27 42 95 2. Other non-debt resource flows Foreign direct investment (net) 133 414 953 613 909 1,123 1,459 1,698 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 90 624 1,068 1,391 1,652 1,765 1,932 2,106 Grants (excluding technical coop.) 29 41 44 44 64 72 83 192 of which: Debt forgiveness grants .. .. 0 0 0 0 1 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 44 51 57 66 59 64 69 36 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 2.0 2.4 1.9 2.4 5.0 Japanese yen 6.4 7.7 5.0 3.5 3.2 2.7 2.0 1.8 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.4 63.7 73.8 84.5 86.1 88.2 89.1 87.3 4. Average terms of new commitments Official creditors Interest (%) 5.8 6.6 6.8 3.5 3.5 1.7 4.1 3.6 Maturity (years) 24.9 20.2 12.7 12.8 12.7 12.0 15.0 11.0 Grace period (years) 6.4 5.2 1.3 3.0 4.3 4.1 4.6 3.4 Private creditors Interest (%) 9.8 8.4 6.5 6.9 0.0 3.2 6.4 8.4 Maturity (years) 9.1 9.5 10.1 10.5 0.0 3.8 14.0 9.2 Grace period (years) 4.6 2.0 2.7 4.6 0.0 1.2 8.7 2.2 5. Major economic aggregates Gross national income (GNI) 6,759 11,774 18,731 14,932 16,633 27,204 30,080 34,741 Exports of goods, services & income 2,233 6,653 10,953 11,341 11,992 12,928 14,615 15,817 Worker remit. & comp. of employees 315 839 1,839 2,325 2,501 2,719 3,084 3,414 Imports of goods & services 2,568 7,034 12,193 10,580 11,248 13,668 16,309 18,261 International reserves 69 373 632 261 806 1,853 2,127 2,562 Current account balance -280 -183 -1,027 1,036 1,041 -473 -1,288 -2,068 6. Ratios External debt stocks to exports (%) 195.8 66.8 41.5 58.5 60.9 57.1 60.0 65.4 External debt stocks to GNI (%) 64.7 37.8 24.2 44.5 43.9 27.1 29.2 29.8 Debt service to exports (%) 10.4 6.1 4.8 8.1 6.6 8.3 9.9 8.6 Short-term to external debt stocks (%) 17.9 13.8 25.9 16.3 13.0 12.2 16.7 23.2 Multilateral to external debt stocks (%) 19.6 23.2 24.9 22.7 23.9 24.5 21.6 18.1 Reserves to external debt stocks (%) 1.6 8.4 13.9 3.9 11.0 25.1 24.2 24.8 Reserves to imports (months) 0.3 0.6 0.6 0.3 0.9 1.6 1.6 1.7 92 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 3,518 3,672 3,311 5,425 6,152 6,080 6,853 7,391 Public and publicly guaranteed 3,419 3,653 3,311 5,425 6,152 6,078 6,440 6,546 Official creditors 2,383 2,996 2,565 2,589 3,073 3,249 3,550 3,670 Multilateral 858 1,033 1,132 1,510 1,745 1,808 1,891 1,872 of which: IBRD 238 282 292 350 379 405 438 472 IDA 20 17 14 12 11 11 10 9 Bilateral 1,525 1,962 1,433 1,079 1,328 1,441 1,659 1,798 Private creditors 1,036 657 746 2,836 3,079 2,830 2,890 2,876 of which: Bonds 0 520 506 1,547 1,527 1,134 1,414 1,394 Commercial banks 775 33 121 703 947 1,112 1,217 1,261 Private nonguaranteed 99 19 0 0 0 2 414 845 of which: Bonds 0 0 0 0 0 0 412 844 Disbursements 138 195 303 1,702 1,085 866 1,564 1,270 Public and publicly guaranteed 138 195 303 1,702 1,085 865 1,152 839 Official creditors 136 187 147 233 556 460 592 464 Multilateral 84 157 100 188 325 199 182 178 of which: IBRD 39 36 39 31 66 64 67 73 IDA 0 0 0 0 0 0 0 0 Bilateral 53 30 46 45 231 261 410 285 Private creditors 2 8 156 1,469 529 405 560 375 of which: Bonds 0 0 0 600 0 0 300 0 Commercial banks 0 8 90 447 396 308 224 359 Private nonguaranteed 0 0 0 0 0 2 412 431 of which: Bonds 0 0 0 0 0 0 412 431 Principal repayments 88 200 257 591 465 818 998 785 Public and publicly guaranteed 83 184 257 419 465 818 998 784 Official creditors 83 161 217 282 168 180 390 374 Multilateral 38 79 63 85 105 110 112 214 of which: IBRD 19 40 21 32 37 38 34 39 IDA 0 1 1 1 1 1 1 1 Bilateral 44 82 154 197 63 70 278 160 Private creditors 0 23 40 137 297 638 608 410 of which: Bonds 0 0 4 20 20 336 20 20 Commercial banks 0 3 18 67 158 206 224 333 Private nonguaranteed 5 16 0 171 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 59 145 211 245 286 220 284 343 Public and publicly guaranteed 56 143 211 235 286 220 282 286 Official creditors 55 120 158 111 90 109 141 146 Multilateral 32 51 58 62 77 82 89 97 of which: IBRD 14 20 22 21 21 21 23 25 IDA 0 0 0 0 0 0 0 0 Bilateral 23 69 100 49 13 27 52 49 Private creditors 1 23 53 124 196 111 141 140 of which: Bonds 0 13 38 87 111 15 63 61 Commercial banks 0 3 7 24 32 44 62 68 Private nonguaranteed 3 2 0 9 0 0 2 57 of which: Bonds 0 0 0 0 0 0 2 57 8. Debt stock-flow reconciliation Total change in external debt stocks 334 173 -145 388 663 81 1,391 1,538 Net flows on external debt 15 105 311 255 561 233 1,173 1,459 Cross-currency valuation 52 18 -51 -126 9 100 207 54 9. Debt restructurings Total amount rescheduled 7 2 0 0 234 1,209 203 0 Total amount forgiven 7 0 1 15 0 0 0 0 Debt buyback 0 0 0 0 0 316 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 407 382 368 353 354 422 297 269 Interest 141 134 128 118 106 94 76 64 Private creditors Principal 352 322 245 656 598 420 109 65 Interest 305 295 283 272 185 131 110 105 Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2005. 93 ECUADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 12,107 13,903 13,557 16,727 17,126 17,065 17,059 17,525 Long-term external debt 10,029 12,417 12,613 14,566 14,972 15,268 15,046 15,631 Public and publicly guaranteed 9,865 11,977 11,178 11,231 10,537 10,598 10,065 10,447 Private nonguaranteed 164 440 1,435 3,334 4,435 4,670 4,981 5,184 Use of IMF credit 265 173 148 390 290 78 23 0 Short-term external debt 1,814 1,312 797 1,772 1,864 1,719 1,990 1,894 interest arrears on long-term 1,522 13 3 1 0 0 0 0 Memorandum items Principal arrears on long-term 1,096 10 6 5 5 5 0 0 Long-term public sector debt 9,865 11,977 11,178 11,231 10,537 10,598 10,065 10,442 Long-term private sector debt 164 440 1,435 3,334 4,435 4,670 4,981 5,188 Public & publicly guaranteed commitments 641 1,162 404 500 274 1,221 1,304 1,281 External debt flows Disbursements 638 1,040 1,133 2,014 2,732 3,135 2,623 2,987 Long-term external debt 606 1,040 983 1,929 2,732 3,135 2,623 2,987 IMF purchases 32 0 150 84 0 0 0 0 Principal repayments 610 750 1,069 1,300 2,509 3,176 2,882 2,318 Long-term external debt 495 721 1,069 1,265 2,397 2,981 2,824 2,295 IMF repurchases 115 29 0 35 112 195 58 23 Net flows 0 -161 -191 171 314 -187 12 574 Long-term external debt 110 319 -86 664 334 153 -201 692 IMF flows -83 -29 150 50 -112 -195 -58 -23 Short-term external debt -28 -451 -254 -543 92 -145 271 -95 Interest payments 474 656 819 1,113 1,203 961 1,267 1,316 Long-term external debt 416 565 713 897 1,007 847 1,172 1,219 IMF charges 30 10 4 6 9 7 3 1 Short-term external debt 28 81 102 209 187 107 93 97 2. Other non-debt resource flows Foreign direct investment (net) 126 452 720 1,555 837 493 271 183 Portfolio equity flows 0 13 0 9 1 2 0 1 Profit remittances on FDI 125 144 329 595 964 1,004 977 1,160 Grants (excluding technical coop.) 53 71 68 81 110 181 114 170 of which: Debt forgiveness grants .. .. 0 0 13 0 3 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 65 110 85 145 149 157 148 99 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 2.4 2.5 2.2 2.1 2.0 Japanese yen 6.9 4.3 5.2 5.2 5.3 3.6 3.5 3.3 Pound sterling 1.6 0.7 0.4 0.3 0.3 0.1 0.1 0.1 Swiss franc 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 54.5 71.1 84.2 86.0 86.1 89.2 89.7 90.6 4. Average terms of new commitments Official creditors Interest (%) 5.2 6.2 6.9 1.5 5.1 6.5 6.7 5.3 Maturity (years) 22.2 16.4 17.1 22.1 12.9 5.7 16.6 20.4 Grace period (years) 6.0 6.0 5.2 5.4 3.6 1.3 4.5 4.2 Private creditors Interest (%) 8.6 7.9 7.5 3.0 4.7 9.3 6.0 0.0 Maturity (years) 8.7 12.0 9.9 16.6 10.0 10.0 8.5 0.0 Grace period (years) 1.0 2.5 2.5 4.6 0.6 9.8 1.9 0.0 5. Major economic aggregates Gross national income (GNI) 9,145 19,281 14,530 27,108 30,740 35,245 39,452 42,442 Exports of goods, services & income 3,337 5,677 7,293 8,982 10,851 14,020 17,317 19,384 Worker remit. & comp. of employees 51 386 1,322 1,633 1,838 2,460 2,934 3,094 Imports of goods & services 3,754 6,736 6,403 9,546 11,591 13,880 15,878 17,945 International reserves 1,009 1,788 1,179 1,165 1,440 2,148 2,027 3,521 Current account balance -360 -1,000 926 -422 -542 347 1,615 1,598 6. Ratios External debt stocks to exports (%) 362.8 244.9 185.9 186.2 157.8 121.7 98.5 90.4 External debt stocks to GNI (%) 132.4 72.1 93.3 61.7 55.7 48.4 43.2 41.3 Debt service to exports (%) 32.5 24.8 25.9 26.9 34.2 29.5 24.0 18.7 Short-term to external debt stocks (%) 15.0 9.4 5.9 10.6 10.9 10.1 11.7 10.8 Multilateral to external debt stocks (%) 17.6 21.9 27.1 23.2 22.0 21.0 23.2 26.0 Reserves to external debt stocks (%) 8.3 12.9 8.7 7.0 8.4 12.6 11.9 20.1 Reserves to imports (months) 3.2 3.2 2.2 1.5 1.5 1.9 1.5 2.4 94 ECUADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 10,029 12,417 12,613 14,566 14,972 15,268 15,046 15,631 Public and publicly guaranteed 9,865 11,977 11,178 11,231 10,537 10,598 10,065 10,447 Official creditors 4,065 5,235 6,172 6,398 6,151 5,688 5,890 6,313 Multilateral 2,127 3,044 3,670 3,884 3,767 3,588 3,953 4,562 of which: IBRD 816 1,082 840 888 835 799 746 684 IDA 32 26 21 17 16 15 14 13 Bilateral 1,938 2,190 2,503 2,514 2,384 2,100 1,937 1,751 Private creditors 5,800 6,742 5,005 4,833 4,386 4,910 4,175 4,134 of which: Bonds 0 5,999 3,950 3,950 3,950 4,600 3,860 3,860 Commercial banks 4,884 370 910 785 346 241 212 194 Private nonguaranteed 164 440 1,435 3,334 4,435 4,670 4,981 5,184 of which: Bonds 0 10 0 0 0 0 0 0 Disbursements 606 1,040 983 1,929 2,732 3,135 2,623 2,987 Public and publicly guaranteed 575 830 602 638 340 972 913 1,296 Official creditors 329 745 532 576 278 299 830 1,272 Multilateral 227 593 446 556 276 298 826 1,263 of which: IBRD 47 319 69 152 29 39 21 8 IDA 0 0 0 0 0 0 0 0 Bilateral 101 152 85 20 2 1 4 9 Private creditors 246 85 71 61 62 674 83 24 of which: Bonds 0 0 0 0 0 650 0 0 Commercial banks 39 57 71 51 52 24 22 24 Private nonguaranteed 30 210 381 1,291 2,392 2,162 1,710 1,691 of which: Bonds 0 10 0 0 0 0 0 0 Principal repayments 495 721 1,069 1,265 2,397 2,981 2,824 2,295 Public and publicly guaranteed 470 711 552 724 1,105 857 1,532 983 Official creditors 276 486 400 543 597 736 718 917 Multilateral 164 235 324 401 424 409 480 685 of which: IBRD 41 98 89 92 82 74 74 70 IDA 1 1 1 1 1 1 1 1 Bilateral 112 252 76 142 172 327 238 232 Private creditors 194 225 152 181 509 121 813 66 of which: Bonds 0 10 0 0 0 0 740 0 Commercial banks 27 59 119 163 492 101 51 42 Private nonguaranteed 25 10 517 541 1,292 2,124 1,292 1,312 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 416 565 713 897 1,007 847 1,172 1,219 Public and publicly guaranteed 404 564 541 631 660 662 746 727 Official creditors 212 322 299 262 275 279 314 317 Multilateral 140 173 264 176 167 170 218 233 of which: IBRD 62 69 74 41 31 32 40 42 IDA 0 0 0 0 0 0 0 0 Bilateral 72 148 35 87 108 109 96 84 Private creditors 191 242 241 369 386 384 432 409 of which: Bonds 0 147 140 312 339 367 410 392 Commercial banks 132 48 89 51 42 12 16 10 Private nonguaranteed 12 1 172 266 346 185 426 492 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 791 -1,073 -2,527 411 399 -62 -6 466 Net flows on external debt 0 -161 -191 171 314 -187 12 574 Cross-currency valuation 193 60 -158 235 88 -169 49 84 9. Debt restructurings Total amount rescheduled 249 5,818 4,837 53 0 0 0 0 Total amount forgiven 1 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 660 571 484 537 562 564 532 470 Interest 341 320 298 277 251 223 195 167 Private creditors Principal 1,096 783 583 465 872 256 216 852 Interest 818 918 774 648 513 419 405 397 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt is based on Central Bank data. 95 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 32,992 33,475 29,015 29,245 30,956 29,505 28,763 30,444 Long-term external debt 28,414 31,000 24,911 27,380 28,987 27,649 27,128 28,993 Public and publicly guaranteed 27,414 30,687 24,338 27,064 27,020 25,794 25,495 26,940 Private nonguaranteed 1,000 313 573 316 1,968 1,855 1,633 2,053 Use of IMF credit 125 103 0 0 0 0 0 0 Short-term external debt 4,453 2,372 4,104 1,865 1,968 1,856 1,635 1,451 interest arrears on long-term 1,441 4 0 0 1 2 2 2 Memorandum items Principal arrears on long-term 3,542 148 14 3 6 8 9 9 Long-term public sector debt 27,393 30,684 24,337 27,063 27,019 25,793 25,495 26,939 Long-term private sector debt 1,021 316 574 317 1,969 1,856 1,634 2,054 Public & publicly guaranteed commitments 1,223 207 917 688 1,173 2,613 1,736 2 External debt flows Disbursements 1,951 642 575 570 455 2,380 224 1,567 Long-term external debt 1,951 642 575 570 455 2,380 224 1,567 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,750 988 1,100 1,986 1,348 1,627 1,477 1,617 Long-term external debt 1,704 894 1,100 1,986 1,348 1,627 1,477 1,617 IMF repurchases 47 94 0 0 0 0 0 0 Net flows -1,301 92 -714 -1,701 -789 641 -1,475 -233 Long-term external debt 248 -251 -525 -1,415 -892 753 -1,253 -50 IMF flows -39 -94 0 0 0 0 0 0 Short-term external debt -1,502 438 -189 -286 103 -113 -222 -184 Interest payments 1,322 1,393 733 664 652 703 734 807 Long-term external debt 1,007 1,252 619 637 622 635 639 730 IMF charges 14 9 0 0 0 0 0 0 Short-term external debt 301 132 113 27 30 68 96 77 2. Other non-debt resource flows Foreign direct investment (net) 734 598 1,235 237 1,253 5,376 10,043 11,578 Portfolio equity flows 0 0 269 37 26 729 502 -3,199 Profit remittances on FDI 14 228 92 47 56 647 915 1,015 Grants (excluding technical coop.) 4,201 1,006 964 552 1,390 827 642 1,236 of which: Debt forgiveness grants .. .. 222 147 150 150 153 173 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 812 744 472 556 197 386 419 119 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 36.4 38.1 33.5 36.2 36.7 Japanese yen 8.2 13.1 13.8 12.4 12.5 11.3 11.0 9.9 Pound sterling 2.5 1.4 1.2 2.2 2.3 2.1 2.3 2.1 Swiss franc 3.0 2.7 2.1 2.2 2.3 2.0 2.1 2.0 U.S.dollars 41.9 34.5 39.8 34.8 32.9 39.8 37.5 36.7 4. Average terms of new commitments Official creditors Interest (%) 4.7 3.1 4.7 2.6 1.7 2.9 5.2 5.0 Maturity (years) 28.6 22.0 21.8 12.2 17.9 17.5 21.2 10.2 Grace period (years) 7.5 6.6 5.5 3.9 5.2 6.9 7.4 3.6 Private creditors Interest (%) 8.4 6.5 6.8 0.0 4.2 4.5 0.0 0.0 Maturity (years) 11.5 4.3 3.0 0.0 2.9 7.5 1.5 1.2 Grace period (years) 3.4 2.4 2.9 0.0 2.8 7.2 1.0 0.0 5. Major economic aggregates Gross national income (GNI) 42,025 60,038 100,838 83,006 78,757 89,474 107,219 131,010 Exports of goods, services & income 15,035 18,064 21,587 23,600 30,429 37,159 44,570 55,363 Worker remit. & comp. of employees 4,284 3,226 2,852 2,961 3,341 5,017 5,330 7,656 Imports of goods & services 15,969 19,123 23,878 20,494 27,733 35,787 42,375 55,618 International reserves 3,620 17,122 13,785 14,604 15,339 21,857 26,007 32,214 Current account balance 2,327 -254 -971 3,743 3,922 2,103 2,635 412 6. Ratios External debt stocks to exports (%) 219.4 185.3 134.4 123.9 101.7 79.4 64.5 55.0 External debt stocks to GNI (%) 78.5 55.8 28.8 35.2 39.3 33.0 26.8 23.2 Debt service to exports (%) 20.4 13.2 8.5 11.2 6.6 6.3 5.0 4.4 Short-term to external debt stocks (%) 13.5 7.1 14.1 6.4 6.4 6.3 5.7 4.8 Multilateral to external debt stocks (%) 10.3 12.0 13.5 14.0 12.9 12.9 13.6 17.3 Reserves to external debt stocks (%) 11.0 51.1 47.5 49.9 49.5 74.1 90.4 105.8 Reserves to imports (months) 2.7 10.7 6.9 8.6 6.6 7.3 7.4 7.0 96 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 28,414 31,000 24,911 27,380 28,987 27,649 27,128 28,993 Public and publicly guaranteed 27,414 30,687 24,338 27,064 27,020 25,794 25,495 26,940 Official creditors 21,165 28,934 23,799 26,170 26,145 23,225 23,409 24,910 Multilateral 3,403 4,022 3,921 4,094 3,978 3,821 3,906 5,281 of which: IBRD 1,480 1,320 639 539 503 492 544 1,181 IDA 921 1,035 1,266 1,386 1,465 1,420 1,481 1,490 Bilateral 17,763 24,912 19,878 22,076 22,167 19,405 19,503 19,629 Private creditors 6,249 1,753 540 894 875 2,569 2,086 2,030 of which: Bonds 0 0 0 695 584 1,829 1,576 1,556 Commercial banks 731 560 317 69 165 637 413 406 Private nonguaranteed 1,000 313 573 316 1,968 1,855 1,633 2,053 of which: Bonds 0 0 100 100 0 0 0 750 Disbursements 1,951 642 575 570 455 2,380 224 1,567 Public and publicly guaranteed 1,900 642 368 570 455 2,380 223 1,567 Official creditors 1,198 602 223 551 319 474 218 1,566 Multilateral 269 392 174 534 305 468 206 1,556 of which: IBRD 92 42 6 29 26 97 108 723 IDA 8 83 49 33 75 69 57 13 Bilateral 929 209 50 16 15 6 13 10 Private creditors 703 40 144 20 136 1,906 5 1 of which: Bonds 0 0 0 0 0 1,250 0 0 Commercial banks 175 31 132 20 134 656 5 1 Private nonguaranteed 51 0 207 0 0 0 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 1,704 894 1,100 1,986 1,348 1,627 1,477 1,617 Public and publicly guaranteed 1,572 832 984 1,643 1,248 1,475 1,459 1,555 Official creditors 884 542 863 1,331 1,199 1,285 1,221 1,513 Multilateral 282 310 298 543 327 377 259 362 of which: IBRD 176 198 87 77 77 77 66 97 IDA 7 14 23 37 38 41 42 47 Bilateral 603 232 564 788 872 908 962 1,151 Private creditors 687 290 121 312 48 190 237 42 of which: Bonds 1 0 0 0 0 0 0 0 Commercial banks 34 91 57 294 39 181 230 8 Private nonguaranteed 132 62 116 343 100 151 19 61 of which: Bonds 0 0 0 0 100 0 0 0 Interest payments 1,007 1,252 619 637 622 635 639 730 Public and publicly guaranteed 918 1,228 603 623 606 562 636 669 Official creditors 719 1,121 573 548 540 502 501 559 Multilateral 184 232 147 104 98 99 106 131 of which: IBRD 138 114 41 24 22 21 27 47 IDA 7 7 9 10 12 11 11 11 Bilateral 535 889 425 444 442 403 395 429 Private creditors 199 106 31 75 67 60 135 110 of which: Bonds 0 0 0 65 61 51 106 84 Commercial banks 48 44 16 6 3 6 26 24 Private nonguaranteed 89 24 16 15 16 73 3 61 of which: Bonds 0 0 12 12 12 0 0 59 8. Debt stock-flow reconciliation Total change in external debt stocks -12,667 976 -1,869 749 1,711 -1,451 -742 1,681 Net flows on external debt -1,301 92 -714 -1,701 -789 641 -1,475 -233 Cross-currency valuation 1,460 795 -899 2,491 1,085 -2,107 1,182 1,469 9. Debt restructurings Total amount rescheduled 0 309 22 1 1 1 0 0 Total amount forgiven 10,576 35 25 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 2,555 2,331 2,471 2,512 2,633 2,758 2,343 2,275 Interest 660 620 578 531 479 422 362 301 Private creditors Principal 734 332 514 996 6 5 215 1,255 Interest 326 290 259 178 117 117 87 57 Notes: Short-term debt is based on the Central Bank data from 2001. 97 EL SALVADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 2,145 2,509 4,467 8,157 8,400 8,455 9,218 8,809 Long-term external debt 1,935 1,984 2,822 6,398 6,620 6,880 7,988 7,820 Public and publicly guaranteed 1,909 1,979 2,710 4,815 4,858 4,775 5,587 5,444 Private nonguaranteed 26 5 111 1,583 1,762 2,105 2,401 2,376 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 210 525 1,645 1,759 1,780 1,575 1,230 989 interest arrears on long-term 7 3 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 6 6 0 0 0 0 0 0 Long-term public sector debt 1,901 1,972 2,705 4,810 4,854 4,771 5,584 5,440 Long-term private sector debt 34 11 117 1,588 1,767 2,109 2,405 2,380 Public & publicly guaranteed commitments 131 832 347 579 228 630 1,146 243 External debt flows Disbursements 108 206 371 796 691 1,152 1,453 401 Long-term external debt 108 206 371 796 691 1,152 1,453 401 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 124 160 157 390 467 385 617 541 Long-term external debt 118 160 157 390 467 385 617 541 IMF repurchases 5 0 0 0 0 0 0 0 Net flows 2 383 807 1,001 245 563 491 -400 Long-term external debt -11 46 214 406 224 768 836 -140 IMF flows 0 0 0 0 0 0 0 0 Short-term external debt 18 337 592 595 21 -205 -345 -260 Interest payments 84 120 212 417 522 434 521 506 Long-term external debt 75 98 139 254 338 333 450 447 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 9 22 73 163 184 101 70 59 2. Other non-debt resource flows Foreign direct investment (net) 2 38 173 141 363 511 219 1,526 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 31 0 60 85 80 181 90 172 Grants (excluding technical coop.) 160 102 72 103 119 138 110 162 of which: Debt forgiveness grants .. .. 4 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 127 130 85 122 136 86 74 53 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 3.9 4.1 3.5 3.3 3.7 Japanese yen 1.3 1.8 6.7 5.1 5.1 4.9 4.3 4.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 56.5 46.7 68.3 79.9 80.2 81.4 84.1 83.3 4. Average terms of new commitments Official creditors Interest (%) 3.2 6.5 7.2 5.4 2.7 4.6 5.8 5.4 Maturity (years) 35.6 22.3 18.6 19.0 13.3 19.6 17.7 22.1 Grace period (years) 8.8 5.2 4.0 5.0 4.8 2.5 4.0 6.9 Private creditors Interest (%) 10.4 6.1 9.6 7.8 7.6 7.7 7.6 0.0 Maturity (years) 5.0 26.3 9.2 19.8 29.6 30.4 27.9 0.0 Grace period (years) 0.5 5.8 2.3 19.8 29.6 30.4 27.9 0.0 5. Major economic aggregates Gross national income (GNI) 4,699 9,404 12,881 14,624 15,340 16,499 18,134 19,793 Exports of goods, services & income 1,360 3,154 5,554 6,347 7,120 7,767 8,889 9,508 Worker remit. & comp. of employees 366 1,064 1,765 2,122 2,564 3,030 3,485 3,711 Imports of goods & services 1,785 3,744 6,031 7,058 7,755 8,353 9,567 10,707 International reserves 595 940 1,901 1,988 1,938 1,890 1,963 2,304 Current account balance -152 -262 -431 -702 -628 -569 -677 -1,119 6. Ratios External debt stocks to exports (%) 157.7 79.5 80.4 128.5 118.0 108.9 103.7 92.7 External debt stocks to GNI (%) 45.6 26.7 34.7 55.8 54.8 51.2 50.8 44.5 Debt service to exports (%) 15.3 8.9 6.6 12.7 13.9 10.5 12.8 11.0 Short-term to external debt stocks (%) 9.8 20.9 36.8 21.6 21.2 18.6 13.3 11.2 Multilateral to external debt stocks (%) 36.6 54.7 42.5 29.8 27.8 28.8 27.2 28.5 Reserves to external debt stocks (%) 27.8 37.5 42.6 24.4 23.1 22.4 21.3 26.2 Reserves to imports (months) 4.0 3.0 3.8 3.4 3.0 2.7 2.5 2.6 98 EL SALVADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 1,935 1,984 2,822 6,398 6,620 6,880 7,988 7,820 Public and publicly guaranteed 1,909 1,979 2,710 4,815 4,858 4,775 5,587 5,444 Official creditors 1,725 1,870 2,505 3,149 3,041 3,069 3,139 3,174 Multilateral 784 1,374 1,900 2,432 2,336 2,433 2,507 2,508 of which: IBRD 140 307 309 372 348 436 417 401 IDA 23 20 16 14 13 12 11 10 Bilateral 941 496 605 716 705 636 631 666 Private creditors 184 109 205 1,666 1,817 1,706 2,448 2,270 of which: Bonds 0 0 82 1,555 1,717 1,623 2,344 2,238 Commercial banks 127 74 102 86 73 58 78 5 Private nonguaranteed 26 5 111 1,583 1,762 2,105 2,401 2,376 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 108 206 371 796 691 1,152 1,453 401 Public and publicly guaranteed 108 206 321 606 319 669 997 250 Official creditors 77 201 200 278 113 324 372 250 Multilateral 44 165 159 233 107 295 347 227 of which: IBRD 2 26 34 38 16 129 25 35 IDA 0 0 0 0 0 0 0 0 Bilateral 33 35 41 45 6 28 25 22 Private creditors 30 5 120 328 205 345 625 0 of which: Bonds 0 0 32 328 204 343 625 0 Commercial banks 25 5 87 0 1 0 0 0 Private nonguaranteed 0 0 51 190 373 483 457 151 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 118 160 157 390 467 385 617 541 Public and publicly guaranteed 105 157 124 210 274 244 457 340 Official creditors 94 123 120 196 258 228 330 279 Multilateral 57 78 87 150 220 184 287 241 of which: IBRD 15 21 17 37 41 40 44 51 IDA 1 1 1 1 1 1 1 1 Bilateral 37 45 33 45 38 44 43 38 Private creditors 11 33 4 14 15 16 127 60 of which: Bonds 0 0 0 0 0 0 121 30 Commercial banks 9 25 4 13 14 14 5 29 Private nonguaranteed 14 3 33 180 194 140 160 201 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 75 98 139 254 338 333 450 447 Public and publicly guaranteed 72 98 132 247 258 246 324 348 Official creditors 62 89 123 129 116 118 126 137 Multilateral 50 62 103 110 97 101 111 123 of which: IBRD 14 22 24 17 12 14 22 24 IDA 0 0 0 0 0 0 0 0 Bilateral 13 27 19 19 19 17 16 14 Private creditors 9 9 9 118 142 128 198 211 of which: Bonds 0 0 8 110 135 122 196 209 Commercial banks 8 7 1 8 7 6 1 2 Private nonguaranteed 3 0 7 7 79 87 126 99 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 65 412 778 2,451 243 55 763 -429 Net flows on external debt 2 383 807 1,001 245 563 491 -400 Cross-currency valuation 7 50 -43 82 30 -70 42 45 9. Debt restructurings Total amount rescheduled 84 0 0 0 0 0 0 0 Total amount forgiven 0 0 17 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 346 267 292 257 250 230 211 199 Interest 157 146 136 122 110 98 86 75 Private creditors Principal 295 277 271 452 237 197 178 265 Interest 271 260 249 239 213 204 197 188 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. 99 ERITREA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. 36.7 311.1 634.6 718.2 735.5 799.9 874.8 Long-term external debt .. 36.7 298.0 605.1 704.0 723.0 781.4 855.7 Public and publicly guaranteed .. 36.7 298.0 605.1 704.0 723.0 781.4 855.7 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt .. 0.0 13.1 29.4 14.2 12.6 18.6 19.1 interest arrears on long-term .. 0.0 2.0 2.4 1.7 1.6 3.6 4.1 Memorandum items Principal arrears on long-term .. 0.0 4.9 13.8 28.0 13.9 21.4 18.4 Long-term public sector debt .. 36.7 298.0 605.1 704.0 723.0 781.4 855.7 Long-term private sector debt .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments .. 110.5 173.6 45.0 72.8 0.0 5.5 46.3 External debt flows Disbursements .. 7.2 50.7 89.4 92.7 70.6 37.9 42.1 Long-term external debt .. 7.2 50.7 89.4 92.7 70.6 37.9 42.1 IMF purchases .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.0 0.5 5.8 10.4 11.8 6.2 1.7 Long-term external debt .. 0.0 0.5 5.8 10.4 11.8 6.2 1.7 IMF repurchases .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows .. 7.2 61.2 80.4 67.9 57.4 35.7 40.4 Long-term external debt .. 7.2 50.2 83.6 82.4 58.9 31.7 40.4 IMF flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt .. 0.0 11.0 -3.2 -14.5 -1.5 4.0 0.0 Interest payments .. 0.2 2.8 6.0 9.0 8.8 6.5 4.4 Long-term external debt .. 0.2 2.5 5.0 8.6 8.4 6.1 4.0 IMF charges .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt .. 0.0 0.3 0.9 0.5 0.4 0.4 0.4 2. Other non-debt resource flows Foreign direct investment (net) .. 0.0 27.9 22.0 -7.9 -1.0 0.5 -2.8 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI .. 0.0 4.4 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 103.2 104.3 205.3 190.8 243.2 91.3 114.3 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 8.7 6.9 8.2 4.4 12.3 Memo: technical coop. grants .. 42.7 22.1 41.1 30.8 24.2 16.2 10.3 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 1.2 6.4 5.3 5.4 5.5 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 66.3 57.0 69.5 66.7 68.5 68.1 67.9 4. Average terms of new commitments Official creditors Interest (%) .. 2.0 0.7 0.8 0.8 0.0 1.0 2.0 Maturity (years) .. 23.9 39.7 40.0 36.3 0.0 27.7 -2.4 Grace period (years) .. 5.6 10.4 10.5 8.8 0.0 9.1 3.1 Private creditors Interest (%) .. 0.0 0.0 0.0 0.5 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 36.1 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 24.6 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. 585.6 634.1 588.1 615.9 1152.0 1273.0 1365.4 Exports of goods, services & income .. 142.4 106.9 .. .. .. .. .. Worker remit. & comp. of employees .. 0.0 3.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services .. 498.2 510.3 .. .. .. .. .. International reserves .. 40.5 36.1 24.7 34.7 27.9 25.4 .. Current account balance .. -31.5 -104.7 .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. 25.8 291.1 .. .. .. .. .. External debt stocks to GNI (%) .. 6.3 49.1 107.9 116.6 63.8 62.8 64.1 Debt service to exports (%) .. 0.1 3.1 .. .. .. .. .. Short-term to external debt stocks (%) .. 0.0 4.2 4.6 2.0 1.7 2.3 2.2 Multilateral to external debt stocks (%) .. 66.3 48.8 65.1 67.1 69.4 70.2 70.1 Reserves to external debt stocks (%) .. 110.4 11.6 3.9 4.8 3.8 3.2 0.0 Reserves to imports (months) .. 1.0 0.8 .. .. .. .. .. 100 ERITREA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. 36.7 298.0 605.1 704.0 723.0 781.4 855.7 Public and publicly guaranteed .. 36.7 298.0 605.1 704.0 723.0 781.4 855.7 Official creditors .. 36.7 298.0 605.1 666.1 690.1 744.7 814.7 Multilateral .. 24.3 151.9 413.1 481.7 510.1 561.6 613.2 of which: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 24.3 84.5 301.4 352.0 381.1 419.4 456.9 Bilateral .. 12.4 146.1 192.0 184.4 180.0 183.1 201.5 Private creditors .. 0.0 0.0 0.0 37.9 32.9 36.7 41.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements .. 7.2 50.7 89.4 92.7 70.6 37.9 42.1 Public and publicly guaranteed .. 7.2 50.7 89.4 92.7 70.6 37.9 42.1 Official creditors .. 7.2 50.7 89.4 58.1 70.6 37.4 42.1 Multilateral .. 5.4 39.2 72.2 56.6 70.0 33.1 28.4 of which: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 5.4 31.6 58.7 35.6 57.3 20.2 20.5 Bilateral .. 1.8 11.5 17.2 1.5 0.6 4.3 13.6 Private creditors .. 0.0 0.0 0.0 34.6 0.0 0.5 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.0 0.5 5.8 10.4 11.8 6.2 1.7 Public and publicly guaranteed .. 0.0 0.5 5.8 10.4 11.8 6.2 1.7 Official creditors .. 0.0 0.5 5.8 10.4 11.8 6.2 1.7 Multilateral .. 0.0 0.5 2.7 4.1 6.5 4.2 1.4 of which: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 0.0 0.0 0.2 0.5 0.5 0.7 1.0 Bilateral .. 0.0 0.0 3.1 6.2 5.2 2.0 0.2 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments .. 0.2 2.5 5.0 8.6 8.4 6.1 4.0 Public and publicly guaranteed .. 0.2 2.5 5.0 8.6 8.4 6.1 4.0 Official creditors .. 0.2 2.5 5.0 8.6 8.4 6.0 4.0 Multilateral .. 0.2 1.3 3.4 5.4 5.9 5.1 3.9 of which: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 0.2 0.4 1.8 3.3 3.0 3.6 3.4 Bilateral .. 0.0 1.2 1.7 3.2 2.5 0.9 0.1 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.1 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks .. 7.6 58.4 114.2 83.6 17.3 64.4 74.8 Net flows on external debt .. 7.2 61.2 80.4 67.9 57.4 35.7 40.4 Cross-currency valuation .. 0.4 -4.2 30.2 15.1 -34.6 23.7 28.1 9. Debt restructurings Total amount rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 16.7 Total amount forgiven .. 0.0 0.0 0.0 0.0 0.0 0.0 3.0 Debt buyback .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 22.3 23.7 25.5 28.9 29.5 29.4 29.4 25.3 Interest 8.2 8.0 7.7 7.4 7.0 6.5 6.1 5.7 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 101 ETHIOPIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 8,630 10,308 5,483 7,272 6,644 6,260 2,281 2,634 Long-term external debt 8,479 9,774 5,327 7,031 6,332 5,898 2,167 2,544 Public and publicly guaranteed 8,479 9,774 5,327 7,031 6,332 5,898 2,167 2,544 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 6 73 77 157 183 160 0 0 Short-term external debt 145 460 79 83 129 202 114 90 interest arrears on long-term 43 437 65 41 36 36 36 32 Memorandum items Principal arrears on long-term 236 3,628 651 566 546 512 373 372 Long-term public sector debt 8,477 9,774 5,327 7,031 6,332 5,898 2,167 2,544 Long-term private sector debt 1 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 580 170 500 558 333 741 479 873 External debt flows Disbursements 374 232 185 386 403 534 368 450 Long-term external debt 374 232 185 372 372 534 368 450 IMF purchases 0 0 0 15 31 0 0 0 Principal repayments 177 91 84 47 51 35 106 81 Long-term external debt 152 91 71 38 42 31 106 81 IMF repurchases 25 0 13 8 9 4 0 0 Net flows 203 133 90 363 403 571 174 349 Long-term external debt 222 141 114 333 330 502 262 369 IMF flows -24 0 0 0 0 0 0 0 Short-term external debt 7 -8 -11 24 51 73 -88 -20 Interest payments 59 63 53 45 49 54 57 47 Long-term external debt 48 61 52 43 46 49 53 44 IMF charges 2 0 0 1 1 1 0 0 Short-term external debt 8 1 1 1 2 4 4 3 2. Other non-debt resource flows Foreign direct investment (net) 12 14 135 465 545 265 545 223 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 0 0 9 17 28 21 24 18 Grants (excluding technical coop.) 604 476 425 1,263 1,459 1,470 5,185 1,897 of which: Debt forgiveness grants .. .. 15 68 155 154 3,952 7 IDA grants .. .. .. 47 282 72 168 192 Memo: technical coop. grants 250 164 120 166 173 196 258 123 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 6.2 5.1 5.3 14.4 17.3 Japanese yen 0.5 0.4 0.3 0.2 0.2 0.2 0.1 0.1 Pound sterling 0.3 0.2 0.3 0.3 0.4 0.0 0.0 0.0 Swiss franc 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 U.S.dollars 24.2 29.0 76.0 76.9 74.6 72.7 64.3 58.4 4. Average terms of new commitments Official creditors Interest (%) 1.9 1.0 0.8 0.8 0.9 0.9 1.0 0.6 Maturity (years) 32.7 36.3 38.4 38.7 38.7 32.4 35.6 42.7 Grace period (years) 7.9 9.3 10.0 9.5 9.5 6.3 7.8 10.4 Private creditors Interest (%) 9.8 0.0 0.0 1.5 0.0 0.0 0.0 0.0 Maturity (years) 14.1 0.0 0.0 12.8 0.0 0.0 0.0 0.0 Grace period (years) 0.4 0.0 0.0 4.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 12,016 7,545 8,119 8,492 9,990 12,269 15,127 19,409 Exports of goods, services & income 606 836 1,062 1,323 1,849 2,146 2,424 3,092 Worker remit. & comp. of employees 5 27 53 47 134 174 172 359 Imports of goods & services 1,349 1,533 1,673 2,647 3,787 4,943 5,314 6,957 International reserves 55 815 363 956 1,497 1,121 833 .. Current account balance -294 39 13 -136 -668 -1,568 -1,786 -827 6. Ratios External debt stocks to exports (%) 1,424.6 1,233.1 516.5 549.4 359.3 291.7 94.1 85.2 External debt stocks to GNI (%) 71.8 136.6 67.5 85.6 66.5 51.0 15.1 13.6 Debt service to exports (%) 39.0 18.4 12.9 7.0 5.4 4.2 6.7 4.1 Short-term to external debt stocks (%) 1.7 4.5 1.4 1.1 1.9 3.2 5.0 3.4 Multilateral to external debt stocks (%) 14.7 22.7 50.0 60.4 72.5 74.9 46.8 51.8 Reserves to external debt stocks (%) 0.6 7.9 6.6 13.1 22.5 17.9 36.5 0.0 Reserves to imports (months) 0.5 6.4 2.6 4.3 4.7 2.7 1.9 .. 102 ETHIOPIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 8,479 9,774 5,327 7,031 6,332 5,898 2,167 2,544 Public and publicly guaranteed 8,479 9,774 5,327 7,031 6,332 5,898 2,167 2,544 Official creditors 7,906 9,183 5,214 6,825 6,079 5,534 1,851 2,271 Multilateral 1,268 2,339 2,741 4,392 4,817 4,692 1,068 1,363 of which: IBRD 27 0 0 0 0 0 0 0 IDA 824 1,470 1,779 3,179 3,488 3,359 553 711 Bilateral 6,637 6,844 2,473 2,432 1,262 842 783 908 Private creditors 573 590 113 207 253 364 316 272 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 116 253 12 1 1 1 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 374 232 185 372 372 534 368 450 Public and publicly guaranteed 374 232 185 372 372 534 368 450 Official creditors 324 232 184 237 294 407 368 450 Multilateral 139 209 181 237 293 330 288 342 of which: IBRD 0 0 0 0 0 0 0 0 IDA 74 84 137 204 202 162 179 132 Bilateral 185 23 3 0 2 76 80 108 Private creditors 51 0 2 134 78 127 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 152 91 71 38 42 31 106 81 Public and publicly guaranteed 152 91 71 38 42 31 106 81 Official creditors 45 43 62 32 35 20 61 37 Multilateral 16 40 55 21 28 14 56 31 of which: IBRD 7 4 0 0 0 0 0 0 IDA 4 12 21 9 13 0 23 0 Bilateral 29 3 6 12 7 6 5 6 Private creditors 107 48 10 6 7 11 45 44 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 45 39 4 2 0 0 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 48 61 52 43 46 49 53 44 Public and publicly guaranteed 48 61 52 43 46 49 53 44 Official creditors 24 32 48 41 45 39 37 29 Multilateral 13 23 33 31 39 29 32 17 of which: IBRD 2 0 0 0 0 0 0 0 IDA 6 11 13 17 23 15 16 6 Bilateral 11 9 14 10 6 11 5 12 Private creditors 24 29 4 2 1 10 17 15 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 11 27 1 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 789 245 -61 746 -628 -384 -3,979 353 Net flows on external debt 203 133 90 363 403 571 174 349 Cross-currency valuation 585 22 -105 120 9 -500 -4,131 -156 9. Debt restructurings Total amount rescheduled 0 30 0 22 0 163 0 0 Total amount forgiven 66 7 0 157 56 431 247 10 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 76 89 86 102 107 112 120 130 Interest 36 37 38 38 37 36 35 33 Private creditors Principal 105 84 76 0 0 0 0 0 Interest 11 7 2 0 0 0 0 0 Notes: Ethiopia was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 103 FIJI (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 403.1 246.2 134.4 203.4 202.3 228.6 233.7 387.0 Long-term external debt 391.1 231.2 118.6 117.0 126.7 117.3 122.8 277.0 Public and publicly guaranteed 296.4 163.2 99.5 110.5 119.6 112.5 119.3 274.1 Private nonguaranteed 94.7 68.0 19.1 6.4 7.0 4.8 3.5 2.8 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 12.0 15.0 15.8 86.4 75.7 111.4 110.9 110.0 interest arrears on long-term 0.0 0.1 0.2 0.3 0.4 0.4 0.9 0.0 Memorandum items Principal arrears on long-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 296.4 163.2 99.5 110.5 119.6 112.5 119.3 274.1 Long-term private sector debt 94.7 68.0 19.1 6.4 7.0 4.8 3.5 2.8 Public & publicly guaranteed commitments 30.0 10.5 0.0 0.0 47.0 25.0 170.7 0.0 External debt flows Disbursements 29.3 15.2 7.1 16.3 11.8 14.1 12.8 162.6 Long-term external debt 29.3 15.2 7.1 16.3 11.8 14.1 12.8 162.6 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 73.0 50.7 22.5 11.7 8.8 10.8 8.9 11.1 Long-term external debt 72.1 50.7 22.5 11.7 8.8 10.8 8.9 11.1 IMF repurchases 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -45.6 -36.6 -17.1 54.1 -7.9 39.1 2.9 151.6 Long-term external debt -42.8 -35.5 -15.4 4.6 3.0 3.3 3.9 151.6 IMF flows -0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt -2.0 -1.1 -1.7 49.6 -10.8 35.7 -1.0 0.0 Interest payments 32.6 15.6 7.2 6.6 5.8 6.6 7.4 18.2 Long-term external debt 31.1 14.7 6.3 4.5 3.8 4.1 4.6 15.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 1.5 0.9 0.8 2.1 2.0 2.4 2.9 3.0 2. Other non-debt resource flows Foreign direct investment (net) 91.9 69.5 -1.7 36.7 187.1 160.0 373.7 268.9 Portfolio equity flows 0.0 0.0 0.0 0.0 1.0 0.9 -1.6 0.0 Profit remittances on FDI 49.4 83.7 9.8 84.0 140.7 114.4 162.2 0.0 Grants (excluding technical coop.) 14.3 21.4 9.3 16.8 28.1 38.0 25.1 28.5 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 36.2 30.9 21.9 27.4 28.9 29.3 34.6 30.2 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 5.0 4.7 3.8 3.7 1.7 Japanese yen 0.0 0.0 1.4 16.9 18.0 16.0 14.1 6.0 Pound sterling 13.7 3.3 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 5.4 0.8 11.7 25.1 30.2 41.0 46.0 79.0 4. Average terms of new commitments Official creditors Interest (%) 6.6 4.5 0.0 0.0 2.6 4.3 2.0 0.0 Maturity (years) 24.8 12.0 0.0 0.0 24.0 24.7 20.4 0.0 Grace period (years) 5.1 4.5 0.0 0.0 4.5 5.2 0.4 0.0 Private creditors Interest (%) 8.8 0.0 0.0 0.0 0.0 0.0 6.9 0.0 Maturity (years) 10.4 0.0 0.0 0.0 0.0 0.0 5.3 0.0 Grace period (years) 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1289.6 1931.1 1717.4 2316.9 2727.8 3006.1 3046.8 3381.1 Exports of goods, services & income 881.6 1139.1 1048.8 1438.5 1541.6 1722.2 1676.3 .. Worker remit. & comp. of employees 22.0 33.0 24.0 123.0 171.9 184.2 165.5 165.5 Imports of goods & services 974.3 1254.7 1142.8 1564.0 1927.9 2113.2 2368.1 .. International reserves 261.1 349.3 412.0 424.0 478.5 318.8 .. .. Current account balance -94.0 -112.7 -67.2 -94.6 -370.4 -396.4 -715.2 .. 6. Ratios External debt stocks to exports (%) 45.7 21.6 12.8 14.1 13.1 13.3 13.9 .. External debt stocks to GNI (%) 31.3 12.8 7.8 8.8 7.4 7.6 7.7 11.4 Debt service to exports (%) 12.0 5.8 2.8 1.3 0.9 1.0 1.0 .. Short-term to external debt stocks (%) 3.0 6.1 11.8 42.5 37.4 48.7 47.4 28.4 Multilateral to external debt stocks (%) 50.1 60.8 66.0 41.4 45.0 40.2 41.4 26.3 Reserves to external debt stocks (%) 64.8 141.9 306.5 208.4 236.5 139.5 0.0 0.0 Reserves to imports (months) 3.2 3.3 4.3 3.3 3.0 1.8 .. .. 104 FIJI (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 391.1 231.2 118.6 117.0 126.7 117.3 122.8 277.0 Public and publicly guaranteed 296.4 163.2 99.5 110.5 119.6 112.5 119.3 274.1 Official creditors 269.5 162.7 99.5 110.5 119.6 112.5 119.3 124.1 Multilateral 202.0 149.7 88.8 84.3 91.0 91.8 96.7 101.6 of which: IBRD 67.8 35.3 19.7 11.1 9.3 6.3 4.3 2.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 67.5 13.0 10.7 26.3 28.6 20.6 22.6 22.5 Private creditors 26.9 0.6 0.0 0.0 0.0 0.0 0.0 150.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 12.1 0.4 0.0 0.0 0.0 0.0 0.0 150.0 Private nonguaranteed 94.7 68.0 19.1 6.4 7.0 4.8 3.5 2.8 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 29.3 15.2 7.1 16.3 11.8 14.1 12.8 162.6 Public and publicly guaranteed 15.1 15.2 7.1 16.3 11.8 14.1 12.8 162.6 Official creditors 14.4 15.2 7.1 16.3 11.8 14.1 12.8 12.6 Multilateral 13.2 15.2 5.6 9.2 9.5 14.1 9.7 12.6 of which: IBRD 5.1 5.6 1.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 1.1 0.0 1.5 7.1 2.3 0.0 3.1 0.0 Private creditors 0.7 0.0 0.0 0.0 0.0 0.0 0.0 150.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.6 0.0 0.0 0.0 0.0 0.0 0.0 150.0 Private nonguaranteed 14.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 72.1 50.7 22.5 11.7 8.8 10.8 8.9 11.1 Public and publicly guaranteed 54.6 31.2 16.9 10.6 6.3 8.5 7.6 10.4 Official creditors 41.5 30.2 16.9 10.6 6.3 8.5 7.6 10.4 Multilateral 33.8 28.2 14.8 9.6 5.5 6.5 6.3 9.1 of which: IBRD 9.1 11.5 7.7 2.1 2.3 2.3 2.2 1.8 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 7.7 2.0 2.1 1.0 0.8 2.0 1.3 1.3 Private creditors 13.2 1.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 5.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 17.5 19.5 5.6 1.1 2.5 2.2 1.3 0.7 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 31.1 14.7 6.3 4.5 3.8 4.1 4.6 15.2 Public and publicly guaranteed 23.7 10.3 5.5 3.8 3.5 3.9 4.4 15.0 Official creditors 21.0 10.2 5.5 3.8 3.5 3.9 4.4 4.7 Multilateral 15.0 9.5 5.2 3.4 3.0 3.2 3.9 4.2 of which: IBRD 5.6 3.0 1.4 0.6 0.4 0.4 0.3 0.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 6.0 0.7 0.3 0.4 0.6 0.7 0.5 0.5 Private creditors 2.6 0.1 0.0 0.0 0.0 0.0 0.0 10.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.1 0.1 0.0 0.0 0.0 0.0 0.0 10.3 Private nonguaranteed 7.4 4.4 0.8 0.7 0.3 0.2 0.2 0.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -6.9 -32.3 -26.3 63.0 -1.1 26.3 5.0 153.3 Net flows on external debt -45.6 -36.6 -17.1 54.1 -7.9 39.1 2.9 151.6 Cross-currency valuation 24.5 -6.0 -7.9 6.6 2.5 -8.2 0.4 2.5 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.4 0.0 0.0 0.0 1.4 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 11.0 13.5 12.4 11.3 11.4 10.0 10.1 10.2 Interest 6.3 6.3 6.1 5.8 5.5 5.0 4.6 4.2 Private creditors Principal 38.4 38.2 37.5 38.1 0.6 0.0 0.0 0.0 Interest 10.4 8.2 5.6 3.0 0.4 0.0 0.0 0.0 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are World Bank staff estimates. 105 GABON (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 3,983 4,360 3,920 3,792 4,150 3,846 4,287 5,746 Long-term external debt 3,150 3,976 3,453 3,395 3,800 3,582 3,858 5,177 Public and publicly guaranteed 3,150 3,976 3,453 3,395 3,800 3,582 3,858 5,177 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 140 97 89 59 100 68 57 25 Short-term external debt 693 287 377 339 250 195 371 545 interest arrears on long-term 130 0 63 268 188 189 371 545 Memorandum items Principal arrears on long-term 82 26 124 425 267 441 1,009 1,666 Long-term public sector debt 3,148 3,976 3,453 3,395 3,800 3,582 3,858 5,177 Long-term private sector debt 2 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 65 89 20 0 107 182 40 1,575 External debt flows Disbursements 204 279 49 29 202 33 88 1,111 Long-term external debt 195 222 32 29 140 33 88 1,111 IMF purchases 9 57 17 0 62 0 0 0 Principal repayments 40 216 196 241 178 68 60 76 Long-term external debt 26 165 187 226 153 44 46 42 IMF repurchases 15 52 10 14 25 25 14 34 Net flows 164 14 -341 -362 15 -91 22 1,035 Long-term external debt 170 57 -155 -197 -13 -10 42 1,069 IMF flows -6 5 8 -14 37 -25 -14 -34 Short-term external debt 0 -49 -194 -151 -9 -56 -6 0 Interest payments 136 240 156 134 45 41 23 25 Long-term external debt 78 217 124 129 42 38 20 22 IMF charges 13 5 4 1 2 3 3 3 Short-term external debt 45 17 28 4 2 0 0 0 2. Other non-debt resource flows Foreign direct investment (net) 73 -315 -43 158 320 242 268 269 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 116 236 473 359 722 765 0 0 Grants (excluding technical coop.) 30 87 39 85 33 50 23 29 of which: Debt forgiveness grants .. .. 2 2 2 1 0 15 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 36 46 26 41 44 45 56 60 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 72.8 57.1 47.5 49.9 42.9 Japanese yen 0.7 0.9 0.8 0.9 0.6 0.5 0.5 0.4 Pound sterling 5.3 5.0 4.6 6.9 5.3 4.4 4.7 3.5 Swiss franc 0.3 0.8 0.5 0.3 0.2 0.2 0.2 0.2 U.S.dollars 10.3 11.5 29.1 7.5 25.0 36.4 34.0 45.0 4. Average terms of new commitments Official creditors Interest (%) 7.7 4.7 0.0 0.0 2.0 2.2 4.2 4.9 Maturity (years) 19.0 13.0 8.7 0.0 19.6 15.5 14.4 19.4 Grace period (years) 5.4 5.9 0.7 0.0 5.1 5.4 2.9 5.3 Private creditors Interest (%) 9.0 0.0 0.0 0.0 0.0 0.7 0.0 7.8 Maturity (years) 11.8 0.0 0.0 0.0 0.0 5.8 0.0 10.0 Grace period (years) 1.3 0.0 0.0 0.0 0.0 2.7 0.0 9.1 5. Major economic aggregates Gross national income (GNI) 5,336 4,293 4,289 5,342 5,987 7,708 8,437 10,228 Exports of goods, services & income 2,750 2,984 3,549 3,403 4,243 5,648 .. .. Worker remit. & comp. of employees 0 4 6 6 7 11 11 11 Imports of goods & services 2,448 2,423 2,483 2,452 3,133 3,395 .. .. International reserves 279 153 194 202 449 675 1,122 1,238 Current account balance 168 515 1,001 766 924 1,983 .. .. 6. Ratios External debt stocks to exports (%) 144.8 146.1 110.5 111.4 97.8 68.1 .. .. External debt stocks to GNI (%) 74.6 101.6 91.4 71.0 69.3 49.9 50.8 56.2 Debt service to exports (%) 6.4 15.3 9.9 11.0 5.3 1.9 .. .. Short-term to external debt stocks (%) 17.4 6.6 9.6 8.9 6.0 5.1 8.7 9.5 Multilateral to external debt stocks (%) 8.0 13.5 11.8 10.6 11.2 10.6 10.0 7.6 Reserves to external debt stocks (%) 7.0 3.5 4.9 5.3 10.8 17.6 26.2 21.5 Reserves to imports (months) 1.4 0.8 0.9 1.0 1.7 2.4 .. .. 106 GABON (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 3,150 3,976 3,453 3,395 3,800 3,582 3,858 5,177 Public and publicly guaranteed 3,150 3,976 3,453 3,395 3,800 3,582 3,858 5,177 Official creditors 2,435 3,778 3,335 3,136 3,558 3,356 3,602 3,847 Multilateral 317 588 464 403 465 406 428 439 of which: IBRD 69 110 64 49 38 30 19 12 IDA 0 0 0 0 0 0 0 0 Bilateral 2,118 3,189 2,871 2,734 3,093 2,949 3,174 3,408 Private creditors 715 199 119 258 242 227 257 1,330 of which: Bonds 0 0 0 0 0 0 0 1,000 Commercial banks 181 148 99 85 78 73 77 118 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 195 222 32 29 140 33 88 1,111 Public and publicly guaranteed 195 222 32 29 140 33 88 1,111 Official creditors 158 222 11 29 126 28 73 56 Multilateral 84 150 9 18 112 18 52 33 of which: IBRD 10 4 9 2 3 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 74 72 2 12 14 10 21 23 Private creditors 37 0 21 0 14 6 15 1,055 of which: Bonds 0 0 0 0 0 0 0 1,000 Commercial banks 0 0 21 0 0 0 0 37 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 26 165 187 226 153 44 46 42 Public and publicly guaranteed 26 165 187 226 153 44 46 42 Official creditors 18 90 159 154 116 44 46 42 Multilateral 13 43 43 69 67 44 46 40 of which: IBRD 1 12 13 6 14 7 12 8 IDA 0 0 0 0 0 0 0 0 Bilateral 5 48 116 85 49 0 0 2 Private creditors 8 75 27 73 37 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 3 26 27 25 9 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 78 217 124 129 42 38 20 22 Public and publicly guaranteed 78 217 124 129 42 38 20 22 Official creditors 68 174 118 111 35 38 20 21 Multilateral 21 26 42 40 26 19 20 20 of which: IBRD 5 8 5 2 3 1 2 1 IDA 0 0 0 0 0 0 0 0 Bilateral 47 148 75 71 9 18 0 1 Private creditors 11 44 7 17 7 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 26 7 7 2 0 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 632 189 -62 246 358 -304 441 1,459 Net flows on external debt 164 14 -341 -362 15 -91 22 1,035 Cross-currency valuation 293 228 -196 370 213 -332 215 240 9. Debt restructurings Total amount rescheduled 271 472 637 0 735 365 0 0 Total amount forgiven 0 40 0 67 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 575 573 317 279 241 207 210 62 Interest 120 89 66 57 47 40 34 26 Private creditors Principal 39 35 45 22 22 19 17 17 Interest 88 89 89 88 87 86 85 84 Notes: Data on long-term public and publicly guaranteed debt for 2007 are World Bank staff estimates. 107 GAMBIA, THE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 369.1 426.1 483.3 634.3 672.0 668.3 724.4 733.1 Long-term external debt 308.4 385.5 437.9 566.6 620.3 625.0 688.3 704.3 Public and publicly guaranteed 308.4 385.5 437.9 566.6 620.3 625.0 688.3 704.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 44.9 25.8 18.1 34.9 24.8 20.8 17.8 6.3 Short-term external debt 15.7 14.8 27.3 32.8 26.9 22.5 18.3 22.5 interest arrears on long-term 0.6 0.7 0.0 2.8 2.9 1.5 1.3 1.5 Memorandum items Principal arrears on long-term 0.9 2.2 2.0 14.7 18.6 20.5 21.0 24.3 Long-term public sector debt 306.6 385.3 437.9 566.6 620.3 625.0 688.3 704.3 Long-term private sector debt 1.8 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 37.9 40.3 24.5 9.1 84.3 51.7 37.0 12.2 External debt flows Disbursements 32.8 23.0 29.7 39.9 51.4 62.6 59.2 63.0 Long-term external debt 23.5 23.0 20.7 39.9 51.4 62.6 59.2 56.9 IMF purchases 9.3 0.0 9.1 0.0 0.0 0.0 0.0 6.1 Principal repayments 25.5 21.7 14.3 11.3 28.2 17.9 23.4 23.9 Long-term external debt 20.2 15.5 12.7 11.3 17.0 15.8 19.3 20.3 IMF repurchases 5.3 6.2 1.6 0.0 11.2 2.0 4.0 3.7 Net flows 15.5 -7.6 20.6 21.6 17.2 41.7 31.8 42.1 Long-term external debt 3.4 7.5 8.0 28.6 34.4 46.7 39.9 36.6 IMF flows -5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 8.1 -8.8 5.2 -7.0 -6.0 -3.0 -4.0 3.0 Interest payments 12.3 6.3 7.3 9.1 9.1 10.5 9.8 11.6 Long-term external debt 10.2 5.2 6.0 8.6 8.0 9.5 8.8 10.5 IMF charges 1.3 0.2 0.1 0.1 0.2 0.1 0.1 0.1 Short-term external debt 0.8 0.9 1.2 0.4 0.8 0.9 0.9 1.0 2. Other non-debt resource flows Foreign direct investment (net) 14.1 7.8 43.5 21.9 56.8 51.9 82.1 68.5 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI 0.0 0.0 0.0 24.2 21.9 26.0 32.8 33.9 Grants (excluding technical coop.) 44.7 17.6 21.7 20.5 28.8 27.0 32.5 72.7 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 54.5 IDA grants .. .. .. 0.0 0.0 0.0 0.0 3.0 Memo: technical coop. grants 24.2 22.8 9.6 14.1 9.7 9.1 11.2 9.3 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 5.1 4.6 3.7 3.2 3.7 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 8.5 6.3 4.8 3.3 2.8 2.7 2.3 2.1 Swiss franc 1.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 39.1 43.5 51.3 53.9 54.2 55.1 53.9 47.5 4. Average terms of new commitments Official creditors Interest (%) 0.8 3.5 1.7 0.6 2.5 4.1 0.1 0.0 Maturity (years) 42.1 21.3 27.4 22.3 25.9 30.0 32.9 40.0 Grace period (years) 10.0 6.2 6.8 5.7 6.0 7.2 9.4 11.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 291.4 377.1 400.4 335.9 366.0 417.8 459.7 596.7 Exports of goods, services & income 169.7 181.0 .. 230.3 245.5 240.4 268.0 286.0 Worker remit. & comp. of employees 10.0 19.0 14.0 65.0 62.1 57.4 63.7 47.3 Imports of goods & services 205.4 241.4 .. 224.6 282.5 296.2 358.1 369.4 International reserves 55.4 106.1 109.4 59.3 83.8 98.3 120.6 142.8 Current account balance 23.4 -8.2 .. 3.2 -31.0 -43.6 -65.6 -52.7 6. Ratios External debt stocks to exports (%) 217.5 235.4 .. 275.5 273.7 278.0 270.3 256.3 External debt stocks to GNI (%) 126.7 113.0 120.7 188.9 183.6 160.0 157.6 122.9 Debt service to exports (%) 22.2 15.5 .. 8.9 15.2 11.8 12.4 12.4 Short-term to external debt stocks (%) 4.3 3.5 5.7 5.2 4.0 3.4 2.5 3.1 Multilateral to external debt stocks (%) 55.0 76.6 71.1 71.1 75.2 76.2 78.7 78.1 Reserves to external debt stocks (%) 15.0 24.9 22.6 9.3 12.5 14.7 16.7 19.5 Reserves to imports (months) 3.2 5.3 .. 3.2 3.6 4.0 4.0 4.6 108 GAMBIA, THE (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 308.4 385.5 437.9 566.6 620.3 625.0 688.3 704.3 Public and publicly guaranteed 308.4 385.5 437.9 566.6 620.3 625.0 688.3 704.3 Official creditors 290.1 385.2 436.2 565.2 618.8 623.6 687.4 703.3 Multilateral 203.1 326.2 343.7 451.2 505.3 509.5 570.1 572.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 101.6 161.6 170.7 220.1 247.4 244.9 263.5 218.9 Bilateral 87.0 59.0 92.5 114.0 113.6 114.2 117.4 130.9 Private creditors 18.3 0.2 1.7 1.4 1.5 1.3 0.9 1.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 16.0 0.0 0.9 0.8 0.9 0.8 0.9 1.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 23.5 23.0 20.7 39.9 51.4 62.6 59.2 56.9 Public and publicly guaranteed 23.5 23.0 20.7 39.9 51.4 62.6 59.2 56.9 Official creditors 23.5 23.0 20.7 39.9 51.4 62.6 59.2 56.9 Multilateral 17.7 19.0 17.1 35.5 44.8 53.7 50.1 42.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 9.8 11.6 7.7 11.4 20.8 18.9 11.7 1.1 Bilateral 5.8 4.0 3.6 4.4 6.6 8.9 9.1 14.7 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 20.2 15.5 12.7 11.3 17.0 15.8 19.3 20.3 Public and publicly guaranteed 20.2 15.5 12.7 11.3 17.0 15.8 19.3 20.3 Official creditors 12.7 15.1 12.2 11.3 17.0 15.8 19.3 20.3 Multilateral 4.7 6.7 7.9 5.1 8.3 10.1 11.0 14.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.8 2.3 1.0 1.4 3.3 4.3 5.0 Bilateral 7.9 8.5 4.3 6.2 8.6 5.7 8.3 5.5 Private creditors 7.5 0.4 0.5 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 10.2 5.2 6.0 8.6 8.0 9.5 8.8 10.5 Public and publicly guaranteed 10.2 5.2 6.0 8.6 8.0 9.5 8.8 10.5 Official creditors 5.5 5.2 5.8 8.6 8.0 9.5 8.8 10.5 Multilateral 2.9 3.5 3.6 4.5 5.7 5.3 5.7 6.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.7 1.2 1.2 1.4 1.9 1.9 2.0 2.0 Bilateral 2.6 1.7 2.2 4.1 2.2 4.1 3.1 3.7 Private creditors 4.7 0.0 0.2 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.8 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 31.4 3.1 18.7 57.7 37.7 -3.6 56.1 7.7 Net flows on external debt 15.5 -7.6 20.6 21.6 17.2 41.7 31.8 42.1 Cross-currency valuation 3.3 -17.5 -9.5 21.4 12.2 -26.9 11.1 -44.1 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 3.9 2.3 0.7 0.2 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 24.6 27.9 32.1 34.8 35.3 36.1 36.9 36.7 Interest 11.0 11.5 11.5 11.2 10.7 10.1 9.4 8.7 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 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 2007 are World Bank staff estimates. 109 GEORGIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks .. 1,240 1,638 1,935 2,064 1,911 1,973 2,292 Long-term external debt .. 1,039 1,316 1,608 1,692 1,626 1,625 1,784 Public and publicly guaranteed .. 1,039 1,274 1,564 1,593 1,494 1,466 1,543 Private nonguaranteed .. 0 42 44 99 132 159 241 Use of IMF credit .. 116 278 289 266 232 236 252 Short-term external debt .. 85 44 38 106 52 111 257 interest arrears on long-term .. 61 1 7 7 11 7 7 Memorandum items Principal arrears on long-term .. 211 179 314 191 151 69 30 Long-term public sector debt .. 1,039 1,264 1,559 1,591 1,493 1,466 1,543 Long-term private sector debt .. 0 52 49 101 133 159 241 Public & publicly guaranteed commitments .. 91 72 47 60 84 104 55 External debt flows Disbursements .. 174 65 89 197 187 216 235 Long-term external debt .. 98 65 89 177 146 175 193 IMF purchases .. 76 0 0 21 41 41 43 Principal repayments .. 0 68 139 200 157 234 146 Long-term external debt .. 0 42 91 145 103 185 106 IMF repurchases .. 0 26 47 55 54 49 40 Net flows .. -272 33 -52 66 -28 45 201 Long-term external debt .. 98 23 -3 32 43 -10 87 IMF flows .. 76 -26 -16 -14 -3 0 0 Short-term external debt .. -446 36 -2 68 -58 63 111 Interest payments .. 20 49 42 34 30 34 35 Long-term external debt .. 17 43 39 31 27 31 31 IMF charges .. 3 5 2 2 1 1 1 Short-term external debt .. 0 1 1 2 2 2 3 2. Other non-debt resource flows Foreign direct investment (net) .. 6 131 335 492 453 1,061 1,728 Portfolio equity flows .. 0 0 0 0 3 143 34 Profit remittances on FDI .. 0 0 89 100 116 94 298 Grants (excluding technical coop.) .. 85 57 82 139 126 147 241 of which: Debt forgiveness grants .. .. 4 112 1,330 486 4,556 0 IDA grants .. .. .. 0 0 7 3 4 Memo: technical coop. grants .. 37 83 108 100 129 127 60 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 19.3 20.9 20.2 15.5 17.5 Japanese yen .. 0.0 0.2 2.3 2.8 2.7 3.0 3.1 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.4 0.2 0.2 0.2 0.2 0.0 0.0 U.S.dollars .. 75.3 82.3 77.0 73.0 72.7 76.2 71.9 4. Average terms of new commitments Official creditors Interest (%) .. 1.5 1.1 0.8 1.3 0.8 1.4 0.8 Maturity (years) .. 32.3 32.0 39.7 33.3 40.3 34.8 26.9 Grace period (years) .. 9.6 8.9 10.4 9.9 10.7 8.8 10.2 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. 2,574 3,175 4,023 5,220 6,505 7,938 10,399 Exports of goods, services & income .. .. 939 1,530 1,963 2,545 3,046 3,909 Worker remit. & comp. of employees .. 0 274 235 303 346 485 696 Imports of goods & services .. .. 1,248 2,029 2,666 3,519 4,590 6,359 International reserves .. 199 116 196 387 479 931 1,361 Current account balance .. .. -269 -383 -353 -710 -1,174 -2,006 6. Ratios External debt stocks to exports (%) .. .. 174.5 126.4 105.2 75.1 64.8 58.6 External debt stocks to GNI (%) .. 48.2 51.6 48.1 39.5 29.4 24.9 22.0 Debt service to exports (%) .. .. 12.5 11.8 11.9 7.4 8.8 4.6 Short-term to external debt stocks (%) .. 6.9 2.7 2.0 5.1 2.7 5.6 11.2 Multilateral to external debt stocks (%) .. 19.7 29.2 38.4 40.5 42.9 45.8 44.3 Reserves to external debt stocks (%) .. 16.0 7.1 10.1 18.7 25.0 47.2 59.4 Reserves to imports (months) .. .. 1.1 1.2 1.7 1.6 2.4 2.6 110 GEORGIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed .. 1,039 1,316 1,608 1,692 1,626 1,625 1,784 Public and publicly guaranteed .. 1,039 1,274 1,564 1,593 1,494 1,466 1,543 Official creditors .. 939 1,272 1,561 1,590 1,492 1,464 1,541 Multilateral .. 245 478 744 836 819 904 1,015 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 84 347 583 678 679 785 885 Bilateral .. 694 794 818 754 673 560 526 Private creditors .. 100 2 3 3 2 2 2 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 42 44 99 132 159 241 of which: Bonds .. 0 0 0 0 0 0 0 Disbursements .. 98 65 89 177 146 175 193 Public and publicly guaranteed .. 98 37 72 102 76 119 100 Official creditors .. 98 37 72 102 76 119 100 Multilateral .. 96 25 50 74 60 88 82 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 85 18 43 65 54 76 72 Bilateral .. 2 13 22 28 16 31 18 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 28 16 74 69 56 93 of which: Bonds .. 0 0 0 0 0 0 0 Principal repayments .. 0 42 91 145 103 185 106 Public and publicly guaranteed .. 0 41 58 133 80 166 89 Official creditors .. 0 41 57 133 80 165 88 Multilateral .. 0 5 12 21 10 47 15 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 0 2 4 7 Bilateral .. 0 35 46 112 70 119 74 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 2 34 11 23 19 17 of which: Bonds .. 0 0 0 0 0 0 0 Interest payments .. 17 43 39 31 27 31 31 Public and publicly guaranteed .. 17 42 38 28 23 24 23 Official creditors .. 17 42 38 27 23 24 23 Multilateral .. 0 8 9 10 11 11 10 of which: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 3 4 5 6 6 6 Bilateral .. 17 34 28 18 12 13 13 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 1 1 3 4 6 8 of which: Bonds .. 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. -210 -16 96 130 -154 62 285 Net flows on external debt .. -272 33 -52 66 -28 45 201 Cross-currency valuation .. 18 -51 132 68 -123 81 76 9. Debt restructurings Total amount rescheduled .. 0 0 0 61 57 44 0 Total amount forgiven .. 0 0 0 0 0 89 0 Debt buyback .. 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 33 55 57 61 61 75 43 46 Interest 24 24 23 21 20 18 16 15 Private creditors Principal 19 41 50 51 28 19 18 14 Interest 10 8 6 4 2 2 1 0 111 GHANA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 3,734 5,495 6,116 7,573 7,067 6,743 3,197 4,479 Long-term external debt 2,670 4,227 5,251 6,424 5,893 5,739 1,896 3,047 Public and publicly guaranteed 2,637 4,200 4,994 6,423 5,893 5,739 1,896 3,047 Private nonguaranteed 33 27 257 1 0 0 0 0 Use of IMF credit 745 648 293 453 468 417 159 167 Short-term external debt 320 620 572 696 706 587 1,143 1,265 interest arrears on long-term 56 26 10 21 19 9 19 10 Memorandum items Principal arrears on long-term 77 86 25 53 35 19 42 30 Long-term public sector debt 2,637 4,200 4,994 6,423 5,893 5,739 1,896 3,047 Long-term private sector debt 33 27 257 1 0 0 0 0 Public & publicly guaranteed commitments 632 620 453 458 525 352 469 1,124 External debt flows Disbursements 473 570 397 408 459 520 507 1,173 Long-term external debt 408 528 362 334 420 481 390 1,173 IMF purchases 65 42 35 74 39 39 116 0 Principal repayments 260 292 254 366 157 188 176 111 Long-term external debt 143 184 217 363 134 156 176 111 IMF repurchases 116 108 37 2 24 32 0 0 Net flows 312 349 7 146 314 223 877 1,200 Long-term external debt 265 344 144 -30 287 325 215 1,062 IMF flows -113 -20 0 0 0 0 0 0 Short-term external debt 98 71 -136 104 12 -109 546 138 Interest payments 104 95 134 89 86 96 86 80 Long-term external debt 55 57 95 66 58 72 57 47 IMF charges 37 10 1 2 2 2 0 1 Short-term external debt 12 28 38 20 25 21 29 32 2. Other non-debt resource flows Foreign direct investment (net) 15 107 166 137 139 145 636 970 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 7 17 17 85 97 94 92 135 Grants (excluding technical coop.) 449 238 227 521 1,909 1,018 5,111 731 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 47 66 24 5 10 Memo: technical coop. grants 61 108 125 138 138 123 141 92 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 3.6 3.1 3.2 11.4 11.1 Japanese yen 5.4 14.0 16.2 13.1 0.0 0.0 0.0 0.0 Pound sterling 3.0 5.2 2.1 0.8 0.1 0.0 0.1 0.0 Swiss franc 0.7 0.3 0.1 0.0 0.0 0.0 0.1 0.1 U.S.dollars 60.5 59.9 67.6 71.0 81.6 79.2 53.7 60.4 4. Average terms of new commitments Official creditors Interest (%) 2.1 1.5 1.4 1.1 0.9 0.8 0.7 0.8 Maturity (years) 35.4 34.8 34.7 40.7 39.1 43.0 41.8 38.6 Grace period (years) 9.4 9.4 8.9 8.8 9.6 10.3 10.3 10.0 Private creditors Interest (%) 8.1 6.4 6.2 3.3 3.3 0.8 2.8 8.5 Maturity (years) 8.2 6.6 10.1 10.4 15.2 40.2 11.8 10.1 Grace period (years) 2.1 1.3 2.7 2.7 4.9 10.7 2.4 10.0 5. Major economic aggregates Gross national income (GNI) 5,774 6,324 4,831 7,459 8,674 10,533 12,588 15,005 Exports of goods, services & income 955 1,613 2,489 3,279 3,534 4,051 5,302 6,205 Worker remit. & comp. of employees 6 17 32 65 82 99 105 117 Imports of goods & services 1,583 2,262 3,474 4,335 5,598 6,851 8,487 10,283 International reserves 309 804 309 1,470 1,750 1,897 2,269 .. Current account balance -223 -144 -387 278 -567 -1,105 -1,043 -2,151 6. Ratios External debt stocks to exports (%) 391.1 340.7 245.8 231.0 200.0 166.4 60.3 72.2 External debt stocks to GNI (%) 64.7 86.9 126.6 101.5 81.5 64.0 25.4 29.9 Debt service to exports (%) 38.1 24.0 15.6 13.9 6.9 7.0 4.9 3.1 Short-term to external debt stocks (%) 8.6 11.3 9.4 9.2 10.0 8.7 35.7 28.2 Multilateral to external debt stocks (%) 49.4 54.3 59.9 61.5 72.6 74.9 39.0 35.1 Reserves to external debt stocks (%) 8.3 14.6 5.1 19.4 24.8 28.1 71.0 0.0 Reserves to imports (months) 2.3 4.3 1.1 4.1 3.8 3.3 3.2 .. 112 GHANA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 2,670 4,227 5,251 6,424 5,893 5,739 1,896 3,047 Public and publicly guaranteed 2,637 4,200 4,994 6,423 5,893 5,739 1,896 3,047 Official creditors 2,424 3,847 4,703 6,069 5,569 5,423 1,554 1,882 Multilateral 1,846 2,982 3,663 4,657 5,131 5,053 1,248 1,574 of which: IBRD 113 59 9 4 2 0 0 0 IDA 1,310 2,375 3,130 3,950 4,309 4,234 815 1,104 Bilateral 578 865 1,039 1,412 438 370 305 308 Private creditors 213 352 292 354 324 315 342 1,165 of which: Bonds 0 0 0 0 0 0 0 750 Commercial banks 10 97 51 173 250 262 289 314 Private nonguaranteed 33 27 257 1 0 0 0 0 of which: Bonds 0 0 250 0 0 0 0 0 Disbursements 408 528 362 334 420 481 390 1,173 Public and publicly guaranteed 400 528 362 334 420 481 390 1,173 Official creditors 351 414 340 296 351 428 350 325 Multilateral 274 284 223 274 337 411 344 301 of which: IBRD 0 0 0 0 0 0 0 0 IDA 201 242 204 198 230 305 266 248 Bilateral 77 130 117 22 14 17 6 24 Private creditors 48 115 22 38 69 53 40 847 of which: Bonds 0 0 0 0 0 0 0 750 Commercial banks 9 64 14 38 66 49 29 38 Private nonguaranteed 8 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 143 184 217 363 134 156 176 111 Public and publicly guaranteed 135 179 214 111 133 156 176 111 Official creditors 64 108 141 59 105 117 145 61 Multilateral 29 73 68 31 27 42 72 33 of which: IBRD 10 15 8 2 2 2 0 0 IDA 2 8 25 8 11 15 34 1 Bilateral 35 34 74 28 77 75 73 27 Private creditors 71 72 73 53 28 40 31 50 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 17 2 25 21 9 19 16 32 Private nonguaranteed 8 5 3 252 1 0 0 0 of which: Bonds 0 0 0 250 0 0 0 0 Interest payments 55 57 95 66 58 72 57 47 Public and publicly guaranteed 53 55 80 66 58 72 57 47 Official creditors 42 50 64 52 47 58 44 29 Multilateral 30 40 39 32 38 42 31 18 of which: IBRD 9 6 1 1 0 0 0 0 IDA 8 17 22 21 28 31 19 8 Bilateral 12 10 26 21 9 16 12 12 Private creditors 11 5 16 14 11 15 13 18 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 3 5 4 11 11 15 Private nonguaranteed 2 2 14 0 0 0 0 0 of which: Bonds 0 0 14 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 440 394 -304 611 -506 -324 -3,546 1,289 Net flows on external debt 312 349 7 146 314 223 877 1,200 Cross-currency valuation 166 -120 -307 455 183 -458 -4,000 77 9. Debt restructurings Total amount rescheduled 0 0 0 20 5 0 7 0 Total amount forgiven 102 0 0 56 161 67 26 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 78 67 63 64 67 61 57 58 Interest 30 29 29 28 26 25 24 23 Private creditors Principal 45 48 46 46 44 35 33 28 Interest 82 80 78 76 74 72 71 69 Notes: Ghana was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Rescheduling: Debt data include the effects of Paris Club debt restructuring agreement signed in 2005. 113 GRENADA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 110.8 127.0 201.4 376.7 432.2 406.4 492.2 524.9 Long-term external debt 97.9 112.4 179.8 300.1 346.7 391.5 447.7 468.1 Public and publicly guaranteed 97.9 112.4 179.8 300.1 346.7 391.5 447.7 468.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 4.4 9.1 8.4 9.5 7.7 Short-term external debt 12.9 14.6 21.6 72.2 76.3 6.5 35.0 49.1 interest arrears on long-term 6.9 6.6 4.5 6.2 13.3 4.5 6.0 12.1 Memorandum items Principal arrears on long-term 17.0 20.8 10.6 6.0 7.4 9.6 10.5 13.4 Long-term public sector debt 97.9 112.4 179.8 300.1 346.7 391.5 447.7 468.1 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 15.9 17.0 97.4 26.0 60.1 17.5 28.1 25.3 External debt flows Disbursements 14.8 4.9 77.6 24.9 59.0 38.5 27.8 23.6 Long-term external debt 14.8 4.9 77.6 20.8 54.6 38.5 25.5 23.6 IMF purchases 0.0 0.0 0.0 4.1 4.3 0.0 2.3 0.0 Principal repayments 1.7 5.6 10.1 11.6 10.5 5.5 7.5 8.5 Long-term external debt 1.3 5.6 10.1 11.6 10.5 5.5 5.9 6.2 IMF repurchases 0.5 0.0 0.0 0.0 0.0 0.0 1.6 2.2 Net flows 13.1 -1.7 63.4 12.3 45.5 -28.1 47.3 20.2 Long-term external debt 13.5 -0.8 67.5 9.3 44.2 32.9 19.6 17.4 IMF flows -0.4 0.0 0.0 4.1 4.3 0.0 -1.6 -2.2 Short-term external debt 0.0 -1.0 -4.1 -1.0 -3.0 -61.0 27.0 5.0 Interest payments 1.6 2.3 4.4 19.5 19.0 4.9 8.0 10.0 Long-term external debt 1.2 1.7 3.4 18.7 17.0 3.3 6.8 7.9 IMF charges 0.0 0.0 0.0 0.0 0.1 0.3 0.4 0.4 Short-term external debt 0.4 0.5 1.0 0.8 1.9 1.3 0.8 1.7 2. Other non-debt resource flows Foreign direct investment (net) 12.9 20.0 37.4 89.2 65.0 70.2 85.2 139.5 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Profit remittances on FDI 8.4 12.6 27.8 26.1 24.9 22.7 21.9 22.6 Grants (excluding technical coop.) 4.2 8.1 7.1 8.4 12.6 37.5 4.5 7.3 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 179.3 179.3 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 2.8 3.8 4.7 1.3 1.2 1.7 1.2 0.6 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 1.0 0.6 0.4 0.3 0.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 34.5 33.7 6.3 0.6 0.3 0.2 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 57.3 59.7 78.7 89.0 91.1 91.3 92.2 92.2 4. Average terms of new commitments Official creditors Interest (%) 4.6 2.6 3.8 3.5 2.4 2.0 1.8 2.5 Maturity (years) 18.5 28.2 24.4 21.2 26.6 24.3 30.7 25.3 Grace period (years) 2.4 5.6 7.2 5.7 8.7 5.1 9.7 -70.2 Private creditors Interest (%) 0.0 0.0 5.0 7.6 5.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 13.5 10.0 10.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 7.2 10.0 10.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 208.9 262.9 375.3 397.1 380.0 452.4 448.7 451.0 Exports of goods, services & income 105.5 148.4 265.0 208.5 248.5 187.1 202.3 237.2 Worker remit. & comp. of employees 18.0 18.0 22.0 23.0 72.2 51.6 53.9 55.4 Imports of goods & services 153.2 187.6 349.0 365.7 376.1 429.0 403.6 468.2 International reserves 17.6 36.7 57.7 83.2 121.7 94.3 100.0 110.6 Current account balance -46.2 -41.8 -88.1 -145.9 -54.7 -186.4 -192.8 -222.4 6. Ratios External debt stocks to exports (%) 105.0 85.6 76.0 180.7 173.9 217.2 243.3 221.3 External debt stocks to GNI (%) 53.0 48.3 53.7 94.9 113.7 89.8 109.7 116.4 Debt service to exports (%) 3.1 5.3 5.5 14.9 11.9 5.6 7.7 7.8 Short-term to external debt stocks (%) 11.6 11.5 10.7 19.2 17.7 1.6 7.1 9.4 Multilateral to external debt stocks (%) 35.7 39.6 31.4 22.4 21.8 27.4 26.1 28.5 Reserves to external debt stocks (%) 15.9 28.9 28.6 22.1 28.2 23.2 20.3 21.1 Reserves to imports (months) 1.4 2.4 2.0 2.7 3.9 2.6 3.0 2.8 114 GRENADA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 97.9 112.4 179.8 300.1 346.7 391.5 447.7 468.1 Public and publicly guaranteed 97.9 112.4 179.8 300.1 346.7 391.5 447.7 468.1 Official creditors 95.0 104.7 116.8 132.5 141.5 172.7 206.2 227.4 Multilateral 39.5 50.3 63.3 84.4 94.3 111.2 128.7 149.5 of which: IBRD 0.0 0.0 2.2 6.4 7.8 10.1 9.0 12.0 IDA 5.5 7.3 9.6 19.3 21.3 22.9 27.8 34.8 Bilateral 55.4 54.4 53.5 48.1 47.2 61.4 77.5 77.9 Private creditors 2.9 7.7 63.0 167.6 205.2 218.9 241.5 240.7 of which: Bonds 0.0 0.0 26.6 129.8 171.3 214.3 239.4 239.4 Commercial banks 0.7 0.3 32.2 34.2 31.7 2.4 1.5 1.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 14.8 4.9 77.6 20.8 54.6 38.5 25.5 23.6 Public and publicly guaranteed 14.8 4.9 77.6 20.8 54.6 38.5 25.5 23.6 Official creditors 14.3 4.9 19.8 12.2 12.8 38.5 25.5 23.6 Multilateral 2.9 3.4 11.7 12.1 11.9 22.7 20.5 23.6 of which: IBRD 0.0 0.0 1.9 2.2 1.8 2.8 0.1 4.3 IDA 1.0 0.0 0.8 1.6 1.1 3.6 4.0 6.0 Bilateral 11.4 1.5 8.1 0.1 0.9 15.8 5.0 0.0 Private creditors 0.5 0.0 57.8 8.6 41.9 0.0 0.0 0.0 of which: Bonds 0.0 0.0 26.6 0.2 41.5 0.0 0.0 0.0 Commercial banks 0.0 0.0 30.0 8.4 0.4 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 1.3 5.6 10.1 11.6 10.5 5.5 5.9 6.2 Public and publicly guaranteed 1.3 5.6 10.1 11.6 10.5 5.5 5.9 6.2 Official creditors 1.1 3.9 6.3 7.7 6.1 5.2 5.9 6.2 Multilateral 1.0 2.8 3.2 3.3 3.2 3.7 4.5 4.5 of which: IBRD 0.0 0.0 0.0 0.0 0.3 0.6 1.1 1.2 IDA 0.0 0.1 0.1 0.1 0.1 0.2 0.3 0.3 Bilateral 0.1 1.1 3.2 4.4 2.9 1.5 1.4 1.8 Private creditors 0.2 1.8 3.7 3.8 4.4 0.4 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 0.2 2.4 2.4 2.9 0.4 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.2 1.7 3.4 18.7 17.0 3.3 6.8 7.9 Public and publicly guaranteed 1.2 1.7 3.4 18.7 17.0 3.3 6.8 7.9 Official creditors 1.0 1.6 2.3 3.9 4.5 3.3 4.5 5.5 Multilateral 1.0 1.3 1.1 2.1 2.3 2.6 3.8 3.9 of which: IBRD 0.0 0.0 0.0 0.3 0.3 0.4 0.5 0.5 IDA 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.2 Bilateral 0.0 0.2 1.3 1.8 2.3 0.7 0.7 1.6 Private creditors 0.2 0.2 1.1 14.7 12.4 0.0 2.3 2.3 of which: Bonds 0.0 0.0 0.0 12.0 9.3 0.0 2.3 2.3 Commercial banks 0.2 0.1 1.1 2.7 3.1 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 21.8 -2.0 65.6 10.7 55.5 -25.7 85.8 29.7 Net flows on external debt 13.1 -1.7 63.4 12.3 45.5 -28.1 47.3 20.2 Cross-currency valuation 6.3 0.2 -2.0 3.3 2.2 -3.3 2.3 3.2 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 208.7 13.2 1.5 Total amount forgiven 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 15.5 11.3 11.6 12.7 12.8 26.7 11.4 11.8 Interest 6.5 6.4 6.2 5.9 5.5 5.1 4.3 3.9 Private creditors Principal 0.2 0.0 0.0 0.0 5.6 0.0 0.0 0.0 Interest 4.8 11.9 11.9 11.9 21.1 21.0 28.1 28.1 Notes: Grenada went through Paris Club in 2006. 115 GUATEMALA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 2,849 3,282 3,853 5,082 5,531 5,349 5,496 6,260 Long-term external debt 2,368 2,470 2,681 3,512 3,915 3,793 4,012 4,292 Public and publicly guaranteed 2,241 2,328 2,540 3,427 3,794 3,687 3,921 4,214 Private nonguaranteed 127 142 142 86 120 105 91 78 Use of IMF credit 67 0 0 0 0 0 0 0 Short-term external debt 414 812 1,172 1,570 1,616 1,556 1,484 1,968 interest arrears on long-term 207 220 317 401 414 414 0 0 Memorandum items Principal arrears on long-term 264 257 224 134 131 131 0 0 Long-term public sector debt 2,238 2,328 2,540 3,427 3,794 3,687 3,921 4,214 Long-term private sector debt 130 142 142 86 120 105 91 78 Public & publicly guaranteed commitments 146 99 87 452 411 82 755 403 External debt flows Disbursements 164 200 210 478 675 144 581 624 Long-term external debt 164 200 210 478 675 144 581 624 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 118 211 188 240 290 214 258 372 Long-term external debt 106 211 188 240 290 214 258 372 IMF repurchases 12 0 0 0 0 0 0 0 Net flows 50 142 56 562 418 -131 665 747 Long-term external debt 58 -11 22 238 385 -71 323 252 IMF flows -12 0 0 0 0 0 0 0 Short-term external debt 4 153 34 324 33 -60 342 495 Interest payments 112 145 202 221 257 263 293 324 Long-term external debt 89 113 152 191 222 210 234 255 IMF charges 7 0 0 0 0 0 0 0 Short-term external debt 16 32 50 30 36 53 59 69 2. Other non-debt resource flows Foreign direct investment (net) 48 75 230 131 296 508 592 724 Portfolio equity flows 0 0 0 0 0 0 0 0 Profit remittances on FDI 37 95 248 319 270 370 607 740 Grants (excluding technical coop.) 69 106 146 150 134 195 410 466 of which: Debt forgiveness grants .. .. 43 26 71 27 16 28 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 87 91 87 127 121 96 117 79 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 3.2 3.0 2.5 2.3 2.1 Japanese yen 0.0 2.5 2.9 3.8 3.7 3.5 3.3 3.1 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.5 0.2 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.6 54.8 75.0 81.5 83.9 85.7 86.9 88.1 4. Average terms of new commitments Official creditors Interest (%) 4.9 4.2 7.2 5.7 4.2 5.4 5.6 5.9 Maturity (years) 23.1 30.9 19.2 19.8 13.9 18.8 23.0 17.2 Grace period (years) 6.2 7.9 4.7 4.2 3.7 5.1 4.1 3.8 Private creditors Interest (%) 8.8 0.0 0.0 9.3 8.1 0.0 0.0 0.0 Maturity (years) 4.5 0.0 0.0 10.0 29.7 0.0 0.0 0.0 Grace period (years) 0.5 0.0 0.0 9.4 29.7 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 7,494 14,498 19,065 21,589 23,698 26,934 29,906 33,540 Exports of goods, services & income 1,695 3,228 4,640 6,404 9,041 10,114 11,733 13,501 Worker remit. & comp. of employees 119 358 596 2,147 2,627 3,067 3,700 4,254 Imports of goods & services 2,028 3,933 5,991 7,799 10,711 11,886 13,834 15,832 International reserves 362 783 1,806 2,925 3,522 3,777 4,055 4,315 Current account balance -213 -572 -1,050 -1,039 -1,165 -1,241 -1,512 -1,697 6. Ratios External debt stocks to exports (%) 168.1 101.7 83.0 79.4 61.2 52.9 46.8 46.4 External debt stocks to GNI (%) 38.0 22.6 20.2 23.5 23.3 19.9 18.4 18.7 Debt service to exports (%) 13.6 11.1 8.4 7.2 6.0 4.7 4.7 5.2 Short-term to external debt stocks (%) 14.5 24.7 30.4 30.9 29.2 29.1 27.0 31.4 Multilateral to external debt stocks (%) 36.4 30.4 38.0 38.1 37.0 37.6 44.2 46.3 Reserves to external debt stocks (%) 12.7 23.9 46.9 57.6 63.7 70.6 73.8 68.9 Reserves to imports (months) 2.1 2.4 3.6 4.5 3.9 3.8 3.5 3.3 116 GUATEMALA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 7. Long-term external debt Debt outstanding and disbursed 2,368 2,470 2,681 3,512 3,915 3,793 4,012 4,292 Public and publicly guaranteed 2,241 2,328 2,540 3,427 3,794 3,687 3,921 4,214 Official creditors 1,684 1,787 2,098 2,515 2,557 2,451 2,815 3,258 Multilateral 1,036 998 1,462 1,934 2,046 2,011 2,429 2,897 of which: IBRD 293 158 296 428 478 479 642 740 IDA 0 0 0 0 0 0 0 0 Bilateral 648 789 635 581 511 440 386 362 Private creditors 557 541 442 912 1,237 1,237 1,105 955 of which: Bonds 190 264 245 777 1,105 1,105 1,105 955 Commercial banks 118 61 0 0 0 0 0 0 Private nonguaranteed 127 142 142 86 120 105 91 78 of which: Bonds 0 0 0 0 50 50 50 50 Disbursements 164 200 210 478 675 144 581 624 Public and publicly guaranteed 156 200 210 478 625 144 581 624 Official creditors 126 128 210 178 295 144 581 624 Multilateral 68 87 157 162 274 131 572 619 of which: IBRD 16 13 51 45 79 34 199 136 IDA 0 0 0 0 0 0 0 0 Bilateral 58 41 53 16 21 13 9 6 Private creditors 30 73 0 300 330 0 0 0 of which: Bonds 0 59 0 300 330 0 0 0 Commercial banks 14 2 0 0 0 0 0 0 Private nonguaranteed 7 0 0 0 50 0 0 0 of which: Bonds 0 0 0 0 50 0 0 0 Principal repayments 106 211 188 240 290 214 258 372 Public and publicly guaranteed 103 192 168 223 274 199 244 359 Official creditors 59 151 136 191 273 199 234 209 Multilateral 28 92 78 130 170 145 163 163 of which: IBRD 5 40 13 18 29 33 36 38 IDA 0 0 0 0 0 0 0 0 Bilateral 31 59 58 61 102 54 71 46 Private creditors 44 42 32 33 2 1 11 150 of which: Bonds 11 15 31 32 1 0 0 150 Commercial banks 29 17 0 0 0 0 0 0 Private nonguaranteed 3 19 20 17 16 15 14 13 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 89 113 152 191 222 210 234 255 Public and publicly guaranteed 79 108 133 187 214 203 227 249 Official creditors 52 80 110 111 113 102 127 148 Multilateral 33 52 84 92 96 87 114 137 of which: IBRD 3 14 21 19 17 19 28 37 IDA 0 0 0 0 0 0 0 0 Bilateral 19 29 26 20 18 15 13 11 Private creditors 27 28 23 75 101 101 101 101 of which: Bonds 18 23 22 75 101 101 101 101 Commercial banks 7 3 0 0 0 0 0 0 Private nonguaranteed 10 5 19 4 8 7 6 6 of which: Bonds 0 0 0 0 5 5 5 5 8. Debt stock-flow reconciliation Total change in external debt stocks 245 178 72 650 449 -182 147 775 Net flows on external debt 50 142 56 562 418 -131 665 747 Cross-currency valuation 36 10 -27 37 11 -27 17 24 9. Debt restructurings Total amount rescheduled 30 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2008 2009 2010 2011 2012 2013 2014 2015 Official creditors Principal 270 279 306 273 257 244 236 220 Interest 175 166 153 140 127 115 103 92 Private creditors Principal 10 60 9 325 0 300 0 0 Interest 93 91 88 88 27 27 27 27 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. 117 GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. Summary external debt data External debt stocks 2,476 3,242 3,388 3,457 3,538 3,247 3,281 3,268 Long-term external debt 2,253 2,987 2,940 3,154 3,188 2,931 2,980 3,048 Public and publicly guaranteed 2,253 2,987 2,940 3,154 3,188 2,931 2,980 3,048 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 51 94 113 136 122 87 72 65 Short-term external debt 172 161 335 166 229 229 229 155 interest arrears on long-term 55 82 118 110 111 111 111 111 Memorandum items Principal arrears on long-term 190 371 566 555 560 559 563 565 Long-term public sector debt 2,253 2,987 2,940 3,154 3,188 2,931 2,980 3,048 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 487 215 76 15 96 123 75 45 External debt flows Disbursements 196 200 70 52 43 41 37 72 Long-term external debt 196 169 70 52 43 41 37 61 IMF purchases 0 31 0 0 0 0 0 11 Principal repayments 110 129 98 97 128 115 121 134 Long-term external debt 96 121 90 84 108 89 101 112 IMF repurchases 14 9