Publication: Debt Report 2020 Edition III
Loading...
Files in English
1,641 downloads
Published
2020-07
ISSN
Date
2020-07-15
Author(s)
Editor(s)
Abstract
This is the third in the series of Debt Reports for 2020 published online, at regular intervals, over the course of the year. Their aim is to provide users with analyses of evolving trends and developments related to external debt and public debt in individual countries and regional groups, with primary emphasis on low- and middle-income countries, and to keep users abreast of debt-related issues and initiatives.
Link to Data Set
Citation
“World Bank. 2020. Debt Report 2020 Edition III. © World Bank. http://hdl.handle.net/10986/34112 License: CC BY 3.0 IGO.”
Digital Object Identifier
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Debt Report 2021 Edition II(World Bank, Washington, DC, 2021-04)This is the second of the series of Debt Reports for 2021 to be published online, at regular intervals, over the course of the year. Their aim is to provide users with analyses of evolving trends and development related to external debt and public debt in individual countries and regional groups, with primary emphasis on low- and middle-income countries, and to keep users abreast of debt-related issues and initiatives. Debt Report 2021 Second Edition is focused on the preliminary estimates of external debt stocks at end-2020 for 120 low, and middle-income countries, and information on low- and middle-income countries’ bond issuance in international capital markets in 2020. It also provides an update on the Debt Service Suspension Initiative (DSSI) as well as an overview of a new initiative aimed at creating a comprehensive dataset of domestic debt obligations of low, and middle, income countries.Publication Global Development Finance 2012 : External Debt of Developing Countries(World Bank, 2012)The data and analysis presented in this edition of global development finance are based on actual flows and debt related transactions for 2010 reported to the World Bank Debtor Reporting System (DRS) by 129 developing countries. The reports confirm that in 2010 international capital flows to developing countries surpassed preliminary estimates and returned to their pre-crisis level of $1.1 trillion, an increase of 68 percent over the comparable figure for 2009. Private capital flows surged in 2010 driven by a massive jump in short-term debt, a strong rebound in bonds and more moderate rise in equity flows. Debt related inflows jumped almost 200 percent compared to a 25 percent increase in net equity flows. The rebound in capital flows was concentrated in a small group of 10 middle income countries where net capital inflows rose by an average of nearly 80 percent in 2010, almost double the rate of increase (44 percent) recorded by other developing countries. These 10 countries accounted for 73 percent of developing countries gross national income (GNI), and received 73 percent of total net capital flows to developing countries in 2010. The 2010 increase in net capital flows was accompanied by marked change in composition between equity and debt related flows. Over the past decade net equity flows to developing countries have consistently surpassed the level of debt related flows, reaching as high as 97 percent of aggregate net capital flows in 2002 and accounting for 75 percent of them ($509 billion) in 2009. However, periods of rapid increase in capital flows have often been marked by a reversal from equity to debt.Publication Global Development Finance 2011 : External Debt of Developing Countries(2011)The World Bank's Debtor Reporting System (DRS), from which the aggregates and country tables presented in this report are drawn, was established in 1951. The debt crisis of the 1980s brought increased attention to debt statistics and to the World debt tables, the predecessor to Global development finance. Now the global financial crisis has once again heightened awareness in developing countries of the importance of managing their external obligations. International capital flows to the 128 developing countries reporting to the World Bank Debtor Reporting System (DRS) fell by 20 percent in 2009 to $598 billion (3.7 percent of Gross National Income (GNI), compared with $744 billion in 2008 (4.5 percent of GNI) and a little over half the peak level of $1,111 billion realized in 2007. Private flows (debt and equity) declined by 27 percent despite a rebound in bond issuance, portfolio equity flows, and short-term debt flows. Both foreign direct investment (FDI) flows and bank lending fell precipitously. By contrast, the net inflow of debt-related financing from official creditors (excluding grants) rose 175 percent as support was stepped up to low- and middle-income countries severely affected by the global financial crisis.Publication Debt Report 2022 Edition I(World Bank, Washington, DC, 2022-01-31)This is the first of three Debt Reports for 2022 to be published online over the course of the year to provide users with data and analysis on external and public debt of low- and middle-income countries. Debt Report 2022 First Edition present summary analyses of the composition of external debt stocks and flows from the regional perspective. It draws out the main messages of the regional and country specific data and incorporates updates to the 2020 data included in IDS 2022. The report also presents updated data on the outcomes of the Debt Service Suspension Initiative (DSSI). The updated dataset was released in December 2021 and is available to users at: https://data.worldbank.org/products/ids.Publication Opening Remarks During the Media Call on the Analytical Chapters of the June 2020 Global Economic Prospects Report(World Bank, Washington, DC, 2020-06-02)These opening remarks were delivered by World Bank Group President David Malpass during the media call on the analytical chapters of the June 2020 global economic prospects report on June 2, 2020. He covered about Bank's support activities, the debt service moratorium for the poorest countries, the progress on debt transparency and some of the next steps. He spoke about how the World Bank Group resources are being scaled up dramatically, providing strong net positive flows, especially to the poorest countries. He highlighted on IDA and IBRD working with countries to expand the coverage of social safety net programs, IFC providing finances to the private sector in developing countries over fifteen months, and MIGA helping to provide a more stable environment for investment by mitigating and managing risks arising from uncertainty. He described the debt moratorium that the World Bank and IMF championed, where the Debt service payments by all official bilateral creditors were suspended on May 1, adding to the potential resources for the poorest countries. He stated that an important part of this initiative is to help governments in debtor countries increase the transparency of their debt and investment practices and disclose the amounts and terms of their debt. He spoke about the Global Economic Prospects (GEP) report which finds a deep global recession, accompanied by a collapse in global trade, tourism and commodity prices and extraordinary market volatility. He said that beyond coping with the immediate crisis to limit the harm, policymakers can make a robust recovery more likely by maintaining private sector systems and infrastructure and allowing markets to allocate resources toward productive activities. He stated that most of the export restrictions that were announced earlier this year have not been implemented and global food prices have mostly remained stable. He highlighted on the important advances that are being made in digital connectivity in developing economies. He concluded by saying that the World Bank Group will continue to take broad, fast action in our response to the needs of people in developing countries.
Users also downloaded
Showing related downloaded files
Publication International Debt Report 2022(Washington, DC : World Bank, 2022)International Debt Report (IDR), formerly International Debt Statistics (IDS), is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the 121 low- and middle-income countries that report to the World Bank Debtor Reporting System (DRS). The content coverage of IDR 2022 includes: 1) analyses of external debt stock and flows from 2010 to 2021 for these countries, 2) an assessment of the evolution of the creditor composition of external debt over the past decade with particular emphasis on the emergence of non-traditional bilateral creditors and private creditors and how this has impacted the structure of borrowers’ public debt portfolios and debt servicing costs which complicate the debt restructuring process, 3) a focus on how the World Bank has sought to enhance data quality and transparency against the backdrop of rapidly changing global debt dynamics (increase in commercial borrowing, non-traditional lenders, new instruments, etc.) that contribute to debt transparency issues, 4) tables and charts detailing debtor and creditor composition of debt stock and flows, terms volume and terms of new commitments, maturity structure of future debt service payments and debt burdens, measured in relation to GNI and export earnings for each country, and 5) a one-page summary on each country, plus global, regional and income-group aggregates showing debt stocks and flows, relevant debt indicators and metadata for 6 years (2010 and 2017-2021).Publication Digital Africa(Washington, DC: World Bank, 2023-03-13)All African countries need better and more jobs for their growing populations. "Digital Africa: Technological Transformation for Jobs" shows that broader use of productivity-enhancing, digital technologies by enterprises and households is imperative to generate such jobs, including for lower-skilled people. At the same time, it can support not only countries’ short-term objective of postpandemic economic recovery but also their vision of economic transformation with more inclusive growth. These outcomes are not automatic, however. Mobile internet availability has increased throughout the continent in recent years, but Africa’s uptake gap is the highest in the world. Areas with at least 3G mobile internet service now cover 84 percent of Africa’s population, but only 22 percent uses such services. And the average African business lags in the use of smartphones and computers as well as more sophisticated digital technologies that catalyze further productivity gains. Two issues explain the usage gap: affordability of these new technologies and willingness to use them. For the 40 percent of Africans below the extreme poverty line, mobile data plans alone would cost one-third of their incomes—in addition to the price of access devices, apps, and electricity. Data plans for small- and medium-size businesses are also more expensive than in other regions. Moreover, shortcomings in the quality of internet services—and in the supply of attractive, skills-appropriate apps that promote entrepreneurship and raise earnings—dampen people’s willingness to use them. For those countries already using these technologies, the development payoffs are significant. New empirical studies for this report add to the rapidly growing evidence that mobile internet availability directly raises enterprise productivity, increases jobs, and reduces poverty throughout Africa. To realize these and other benefits more widely, Africa’s countries must implement complementary and mutually reinforcing policies to strengthen both consumers’ ability to pay and willingness to use digital technologies. These interventions must prioritize productive use to generate large numbers of inclusive jobs in a region poised to benefit from a massive, youthful workforce—one projected to become the world’s largest by the end of this century.Publication Regional Poverty and Inequality Update: Latin America and the Caribbean, October 2025(Washington, DC: World Bank, 2025-10-23)This brief summarizes recent facts related to poverty and inequality in Latin America and the Caribbean (LAC) using the latest wave of harmonized household surveys from the Socio-Economic Database for LAC (SEDLAC). This brief was produced by the Poverty Global Practice in the LAC Region of the World Bank.Publication Debt Report 2020 Edition II(World Bank, Washington, DC, 2020-04)This is the second of a new series of Debt Reports for 2020 to be published online, at regular intervals, over the course of the year. Debt Report 2020 Edition II is published at a time when many countries are struggling to cope with the deadly impact of COVID-19 and a large part of the global economy is shut down, generating both demand and supply side shocks. It is too soon to assess what the economic and financial costs will be, much less predict the impact on capital flows. However, learning from past global crises, low- and middle-income countries face serious risks. Pre-COVID-19 debt inflows from private creditors were forecast as subdued on account of the downturn in the global economy in 2019 and pre-crisis projections are for only a moderate recovery in 2020. This crisis is putting even more pressure on global economic growth and capital flows. As always in times of crisis, the World Bank and the IMF have stepped up to the plate, pledging a total of $62 billion of fast-disbursing funds to support low- and middle-income countries to mitigate the impact of the virus. They have issued a joint communique calling on official bilateral creditors in G20 countries to suspend debt payments from any of the world’s poores t countries that request forbearance, to allow time for an assessment of the impact of the crisis and the possible debt relief needs of each country. The aim of these Debt Reports is to provide users with analyses of evolving trends and developments related to external debt and public debt in individual countries and regional groups, with primary emphasis on low- and middle-income countries, and to keep users abreast of debt-related issues and initiatives.Publication Estimating the Economic and Distributional Impacts of the Regional Comprehensive Economic Partnership(Washington, DC: World Bank, 2022-02-15)This paper applies a top-down, macro-micro modeling framework that links a computable general equilibrium model with the survey-based global income distribution dynamics model to assess the economic and distributional effects of the implementation of the Regional Comprehensive Economic Partnership (RCEP). Reductions of tariffs and non-tariff measures, implementation of a rule of origin, together with productivity gains stemming from trade cost reductions can strengthen regional trade and value chains among Regional Comprehensive Economic Partnership members. The results of the analysis indicate that in an already deeply integrated region, tariff liberalization alone brings little benefit, with estimated real income gains of 0.21 percent relative to the baseline (without the RCEP) in 2035. With liberal rules of origin, the gains in real income could double to 0.49 percent. The biggest benefits accrue when the productivity gains are considered, increasing real income by as much as 2.5 percent for the trade bloc. In this scenario, trade among RCEP members increases by 12.3 percent in 2035 relative to the baseline. The RCEP also has the potential to lift 27 million additional people to middle-class status by 2035. It will also boost wages, with faster gains in sectors that employ larger shares of women. The aggregate effects mask large variety of outcomes across countries, with Vietnam expected to register the highest trade and income gains. Implementation of the RCEP help partially mitigate the negative economic impacts of COVID-19 in the East Asia and the Pacific region.