Publication:
International Debt Statistics 2022

Loading...
Thumbnail Image
Files in English
English PDF (4.06 MB)
82,175 downloads
Date
2021-10-11
ISSN
Published
2021-10-11
Author(s)
Editor(s)
Abstract
International Debt Statistics (IDS), a long-standing annual publication of the World Bank, features external debt statistics and analysis for the 123 low- and middle-income countries that report to the World Bank Debtor Reporting System. IDS 2022 includes (1) an overview analyzing global trends in debt stocks of and debt flows to low- and middle-income countries within the framework of aggregate capital flows (debt and equity); (2) an evaluation of the volume of debt service deferred through the Debt Service Suspension Initiative (DSSI) in 2020 and the 2021 extension for participating eligible countries, as well as borrowing trends and debt service costs for DSSI-eligible countries that did not participate in the initiative; (3) tables and charts detailing debtor and creditor composition of debt stock and flows, terms of new commitments, and maturity structure of future debt service payments and debt burdens, measured in relation to gross national income and export earnings for each country; (4) one-page summaries per country, plus global, regional, and income group aggregates showing debt stocks and flows, relevant debt indicators, and metadata for six years (2010 and 2016–20); and (5) a user guide describing the tables and content, definitions and rationale for the country and income groupings used in the report, data notes, and information about additional resources and comprehensive data sets available to users online. Unique in its coverage of the important trends and issues fundamental to the financing of low- and middle-income countries, IDS 2022 is an indispensable resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community. For more information on IDS 2022 and related products, please visit the World Bank’s Data Catalog at https://datacatalog .worldbank.org/dataset/international-debt -statistics.
Link to Data Set
Citation
World Bank. 2021. International Debt Statistics 2022. © World Bank. http://hdl.handle.net/10986/36289 License: CC BY 3.0 IGO.
Associated URLs
Associated content
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue

Related items

Showing items related by metadata.

  • Publication
    International Debt Statistics 2021
    (Washington, DC: World Bank, 2020-10-12) World Bank
    International Debt Statistics (IDS) is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the 120 low- and middle-income countries that report to the World Bank Debt Reporting System (DRS). The content coverage of IDS 2021 includes: 1) a user guide describing the IDS tables and content, definitions and rationale for country and income groupings, data notes, and description of the additional resources and comprehensive datasets available to users online, 2) a brief overview analyzing global trends in debt stocks and debt flows to low- and middle-income countries within the framework of aggregate capital flows (debt and equity), 3) a feature story on the World Bank and IMF Debt Service Suspension Initiative (DSSI) in response to the Covid-19 pandemic, 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) one-page summaries per country, plus global, regional and income-group aggregates showing debt stocks and flows, relevant debt indicators and metadata for 5 years (2015-2019).
  • Publication
    Madagascar : Debt Management Performance Assessment
    (Washington, DC, 2013-03-01) World Bank
    Madagascar's central government debt stood at around 30 percent of gross domestic product (GDP) in 2011. Due to political developments in 2008-2009, the Acting government of Madagascar has limited borrowing opportunities from both external and domestic lenders. This situation is expected to change after the upcoming general elections planned for mid-2013. The legal framework for government debt management is unclear in some parts and in general underdeveloped. Thus, for 2013 fiscal year, the Parliament has authorized the government to borrow internally and externally for the implementation of various development projects. There are no specific debt management objectives, no requirement to develop a debt management strategy, and no evaluation process reflected in the primary legislation. An important step has been taken by reorganizing the Public Debt Directorate (PDD) of the Ministry of Finance and Budget as the Principal DeM entity of the government. It manages both external and domestic debt, and takes part in all loan negotiations. Yet to be prepared is a debt statistical bulletin and a comprehensive DeM strategy. There was one external compliance audit prepared in 2011 for the period of 2006-2008, but no performance audits. The final audit report was developed in 2012, but is not made public. There is no formal or informal debt management strategy in Madagascar. There is also no evaluation and disclosure of information on public government debt management. The debt statistical bulletin, prepared during 2012, is still in a draft form.
  • Publication
    Debt Management Performance Assessment : Papua New Guinea
    (Washington, DC, 2010-12) World Bank
    At the request of the Government of Papua New Guinea (PNG), a mission comprised of Jeff Chelsky (PRMVP, mission lead), Tomas Magnusson (BDM, consultant), Greg Horman (BDM, consultant) and Tim Bulman (EAP, country economist), visited Port Moresby between November 22nd and December 3rd to undertake a DeMPA exercise. The team met with officials from the Department of Treasury, Bank of Papua New Guinea, Department of Finance, Department of National Planning and Monitoring, State Solicitor's Office, Auditor General's Office, Independent Public Business Corporation (IPBC), AUSAid, Asian Development Bank, ANZ Bank, Nambawan Super, and Bank South Pacific (BSP). This report reflects comments received from the PNG authorities in February 2011. The mission found that, in a number of areas, PNG meets or exceeds minimum DeMPA requirements. Strengths include the quality of the debt management strategy, the framework for domestic debt issuance, coordination with monetary policy, and the legal framework (except for the issuance of T-bills for which the law contains no explicit borrowing purposes). Looking ahead, the Government has expressed its intention, as part of the 2011 budget and its updated 2011 Medium-term Debt Management Strategy, to remove the nominal cap on external debt, replacing it with a cap of 30 percent of Gross Domestic Product, or GDP. The commitment to allocate a portion of excess government revenue to debt reduction will only apply when the debt-to-GDP ratio exceeds 30 percent of GDP. At the same time, the Government has reiterated its commitment to reducing the exchange rate risks to its debt portfolio by targeting 40 percent of total debt over the medium term for the external portion of the portfolio. Interest rate risk will be reduced through continued efforts to extend the maturity of domestic debt.
  • Publication
    Global Development Finance 2012 : External Debt of Developing Countries
    (World Bank, 2012) World Bank
    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) World Bank
    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.

Users also downloaded

Showing related downloaded files

  • Publication
    Women, Business and the Law 2023
    (Washington, DC: World Bank, 2023-03-02) World Bank
    “Women, Business and the Law 2023” is the ninth in a series of annual studies measuring the laws and regulations that affect women’s economic opportunity in 190 economies. The project presents eight indicators structured around women’s interactions with the law as they move through their lives and careers: Mobility, Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and Pension. The 2023 edition identifies barriers to women’s economic participation and encourages reform of discriminatory laws. This year, the study also includes research, a literature review, and analysis of 53 years of reforms for women’s rights. Examining the economic decisions that women make throughout their working lives as well as tracking regulatory changes from 1970 to today, the study makes an important contribution to research and policy discussions about the state of women’s economic opportunities. By presenting powerful examples of change and highlighting the gaps still remaining, “Women, Business and the Law 2023” is a vital tool in ensuring economic empowerment for all. Data in “Women, Business and the Law 2023” are current as of October 1, 2022.
  • Publication
    Africa's Pulse, No. 22, October 2020
    (World Bank, Washington, DC, 2020-10-07) Calderon, Cesar; Zeufack, Albert G.; Kambou, Gerard; Kubota, Megumi; Cantu Canales, Catalina; Korman, Vijdan
    COVID-19 has taken a large toll on economic activity in Sub-Saharan Africa, putting a decade of hard-won economic progress at risk. The pandemic is pushing the region into its first recession in 25 years. In 2020, GDP per capita is expected to contract by 6.5 percent in Sub-Saharan Africa and by the end of 2021, it’s likely to have regressed back to its 2007’s level. As a consequence, COVID-19 could push up to 43 million people into extreme poverty in Africa, erasing at least five years of progress in fighting poverty. The road to recovery will be long, steep, and must be paved with sound economic policies. Countries need to reconstitute fiscal space to help finance programs that can stimulate recovery. Better debt transparency and management, better service delivery, civil society engagement and less corruption will be critical. Ultimately, sustained recovery will depend on how fast African countries prioritize policy actions and investment that address the challenge of creating more, better and inclusive jobs. These policy priorities, in turn, operate through three critical (an inter-related) channels: the digital transformation, the sectoral reallocation, and the the spatial integration. Countries must expand digital infrastructure and make connectivity affordable, reliable and universal across Africa. Shifting resources towards non-traditional economic sectors with higher productivity, lower volatility and greater value addition, fully leveraging the African Continental Free Trade Area (AfCFTA) will be equally critical. Finally, fostering the reallocation of resources from less to more efficient job-creating locations through enhanced rural-urban, inland-coastal connectivity will be key to jobs and economic transformation. Interestingly, number of countries, especially in the East African Community and in the West African Monetary Union are seizing the opportunity of the crisis to accelerate these reforms.
  • Publication
    Tanzania Economic Update, February 2021
    (World Bank, Washington, DC, 2021-02-28) World Bank
    The emergency of the COVID-19 novel coronavirus plunged the global economy into a recession in 2020, and the pace of recovery remains uncertain both among advanced and emerging economies. Pandemic-related health restrictions and the adoption of precautionary behaviors by firms and consumers have greatly slowed economic activity, while uncertainty regarding the post-pandemic economic landscape and key policy decisions have discouraged investment. Agricultural and manufacturing firms face serious questions regarding the viability of global value chains, and the unforeseeable course of the pandemic weighs on international trade and tourism (World Bank 2021). Meanwhile, the disease itself continues to exact an enormous and mounting toll on human lives, and the disruption of education systems has slowed human capital accumulation, which could negatively impact the productivity of an entire generation. The global economy contracted by an estimated 4.3 percent in 2020, and while a 3.8 percent rebound is projected for 2021, worldwide economic output is expected to remain well below prepandemic trends over the near term.
  • Publication
    Poverty and Shared Prosperity 2022
    (Washington, DC : World Bank, 2022) World Bank
    Poverty and Shared Prosperity 2022: Correcting Course provides the first comprehensive analysis of the pandemic’s toll on poverty in developing countries. It identifies how governments can optimize fiscal policy to help correct course. Fiscal policies offset the impact of COVID-19 on poverty in many high-income countries, but those policies offset barely one quarter of the pandemic’s impact in low-income countries and lower-middle-income countries. Improving support to households as crises continue will require reorienting protective spending away from generally regressive and inefficient subsidies and toward a direct transfer support system—a first key priority. Reorienting fiscal spending toward supporting growth is a second key priority identified by the report. Some of the highest-value public spending often pays out decades later. Amid crises, it is difficult to protect such investments, but it is essential to do so. Finally, it is not enough just to spend wisely - when additional revenue does need to be mobilized, it must be done in a way that minimizes reductions in poor people’s incomes. The report highlights how exploring underused forms of progressive taxation and increasing the efficiency of tax collection can help in this regard. Poverty and Shared Prosperity is a biennial series that reports on global trends in poverty and shared prosperity. Each report also explores a central challenge to poverty reduction and boosting shared prosperity, assessing what works well and what does not in different settings. By bringing together the latest evidence, this corporate flagship report provides a foundation for informed advocacy around ending extreme poverty and improving the lives of the poorest in every country in the world. For more information, please visit worldbank.org/poverty-and-shared-prosperity.
  • Publication
    Fiscal Incidence Analysis for Kenya
    (World Bank, Washington, DC, 2018-06-29) World Bank
    Kenya has made satisfactory progress in reducing poverty and inequality in recent years. Economic growth in Kenya between 2005-06 and 2015-16 averaged around 5.3 percent, exceeding the average growth of 4.9 percent observed for Sub-Saharan Africa. This robust economic growth resulted in a reduction in poverty, whether measured by the national or international poverty line. The proportion of the population living beneath the national poverty line fell from 46.8 percent in 2005-06 to 36.1 percent in 2015-16, showing a modest improvement in the living standards of the Kenyan population. Similarly, poverty under the international poverty line of US$ 1.90 a day declined from 43.6 percent in 2005-06 to 35.6 percent in 2015-16. At this level, poverty in Kenya is below the average in sub-Saharan Africa and is amongst the lowest in the East African Community (World Bank, 2018b). However, the proportion of the population living in poverty remains comparatively high in Kenya and the rate at which growth translated into poverty reduction was lower than elsewhere. At twice the average, Kenya’s poverty rate is still high for a lower-middle income country, a group that Kenya joined only in 2015. In addition, the Kenya’s growth elasticity of poverty reduction, the percentage reduction in the poverty rate associated with a one-percent increase in mean per capita income is only 0.57, lower than in Tanzania, Ghana, or Uganda (World Bank, 2018b). This leads to the obvious question of what can be done to make economic growth more pro-poor in Kenya. This study assesses the distributional consequences of Kenya’s system of taxes and transfers, covering 60 percent of revenue and between 25 and 30 percent of government spending. The analysis of fiscal incidence and distributional consequences of Kenya’s tax and transfer system is an important input for designing pro-poor policies and potentially for influencing the rate at which economic growth translates into poverty reduction. In this study, direct taxes and transfers, indirect taxes (VAT and excise duties), as well as public health and education spending are assessed in terms of their distributional impacts. Overall, these taxes and transfers account for about 60 percent of revenue and between 25 and 30 percent of government spending.