T H E W O R L D B A N K 66230 Global Development Finance External Debt of Developing Countries Global Development Finance External Debt of Developing Countries Global Development Finance External Debt of Developing Countries 2012 © 2012 International Bank for Reconstruction and Development / International Development Association or The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org 1 2 3 4 14 13 12 11 This volume is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. 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All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2422; e-mail: pubrights@worldbank.org. ISBN (paper): 978-0-8213-8997-3 ISBN (electronic): 978-0-8213-9453-3 DOI: 10.1596/978-0-8213-8997-3 Table of Contents Preface vii Burundi 96 Cambodia 98 Acknowledgments ix Cameroon 100 Overview 1 Cape Verde 102 Developing Countries’ Debt Stocks Central African Republic 104 and Flows 2010 1 Chad 106 Recent Trends in Debt Flows 4 Chile 108 External Debt Burden of Developing China 110 Countries—Selected Indicators 9 Colombia 112 Trends in Equity Flows 2010 10 Comoros 114 Regional Developments and Trends 14 Congo, Democratic Republic of 116 Annex A. Trends in IBRD and IDA Congo, Republic of 118 Financing to Developing Countries Costa Rica 120 in 2010 21 Côte d’Ivoire 122 Djibouti 124 Summary Tables 25 Dominica 126 Regional and Income Group Dominican Republic 128 Aggregate Tables 39 Ecuador 130 Egypt, Arab Republic of 132 Country Tables 59 El Salvador 134 Afghanistan 60 Eritrea 136 Albania 62 Ethiopia 138 Algeria 64 Fiji 140 Angola 66 Gabon 142 Argentina 68 Gambia, The 144 Armenia 70 Georgia 146 Azerbaijan 72 Ghana 148 Bangladesh 74 Grenada 150 Belarus 76 Guatemala 152 Belize 78 Guinea 154 Benin 80 Guinea-Bissau 156 Bhutan 82 Guyana 158 Bolivia, Plurinational State of 84 Haiti 160 Bosnia and Herzegovina 86 Honduras 162 Botswana 88 India 164 Brazil 90 Indonesia 166 Bulgaria 92 Iran, Islamic Republic of 168 Burkina Faso 94 Jamaica 170 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Jordan 172 Senegal 254 Kazakhstan 174 Serbia 256 Kenya 176 Seychelles 258 Kosovo 178 Sierra Leone 260 Kyrgyz Republic 180 Solomon Islands 262 Lao People’s Democratic Republic 182 Somalia 264 Latvia 184 South Africa 266 Lebanon 186 Sri Lanka 268 Lesotho 188 St. Kitts and Nevis 270 Liberia 190 St. Lucia 272 Lithuania 192 St. Vincent and the Grenadines 274 Macedonia, Former Yugoslav Sudan 276 Republic of 194 Swaziland 278 Madagascar 196 Syrian Arab Republic 280 Malawi 198 Tajikistan 282 Malaysia 200 Tanzania 284 Maldives 202 Thailand 286 Mali 204 Togo 288 Mauritania 206 Tonga 290 Mauritius 208 Tunisia 292 Mexico 210 Turkey 294 Moldova 212 Turkmenistan 296 Mongolia 214 Uganda 298 Montenegro 216 Ukraine 300 Morocco 218 Uruguay 302 Mozambique 220 Uzbekistan 304 Myanmar 222 Vanuatu 306 Nepal 224 Venezuela, República Bolivariana de 308 Nicaragua 226 Vietnam 310 Niger 228 Yemen, Republic of 312 Nigeria 230 Zambia 314 Pakistan 232 Zimbabwe 316 Panama 234 About the Data 319 Papua New Guinea 236 Data Sources 319 Paraguay 238 Methodology 320 Peru 240 External Debt and Its Components 322 Philippines 242 Sources of the Macroeconomic Indicators 325 Romania 244 Russian Federation 246 Country Groups 327 Rwanda 248 Glossary 329 Samoa 250 São Tomé and Príncipe 252 Users’ Guide 333 vi Preface T he World Bank’s Debtor Reporting System developments and respond to the needs of debt (DRS), from which the aggregates and coun- managers and analysts. In this context, reporting try tables presented in this report are drawn, requirements are periodically amended to reflect was established in 1951. The debt crisis of the changes in borrowing patterns. Many developing 1980s brought increased attention to debt statis- countries increasingly rely on financing raised in tics and to the World Debt Tables, the predecessor domestic markets, so we are exploring ways to to Global Development Finance. Now the global expand the coverage of public sector borrowing in financial crisis has once again heightened aware- domestic markets. At the same time, we are mind- ness in developing countries of the importance of ful that expanded coverage and efforts to enhance managing their external obligations. Central to data accuracy and timeliness must be balanced this process is the measurement and monitoring against the reporting burden imposed on develop- of external debt stocks and flows in a coordinated ing countries. Bringing modern technology to bear and comprehensive way. The initial objective of the reduces reporting costs. In partnership with the DRS was to support the World Bank’s assessment major providers of debt data management systems of the creditworthiness of its borrowers. But it has to developing countries, the Commonwealth Sec- grown as a tool to inform developing countries and retariat (COMSEC) and the United Nations Con- the international community of trends in external ference on Trade and Development (UNCTAD), financing and as a standard for the concepts and we have established standard code and system definitions on which countries can base their own links that enable countries to provide their DRS debt management systems. reports electronically, in a seamless and automated Over the years, the external financing options data exchange process. available to developing countries have evolved and We recognize that robust debt data and good expanded, and so too has the demand for timely debt management go hand in hand, and the World and relevant data to measure the activity of public- Bank, together with its partners, is committed to and private-sector borrowers and creditors. Recur- improving the capacity of developing countries rent debt crises caused by adverse global economic to manage their debt. We are also committed to conditions or poor economic management have maintaining the DRS as a rich source of informa- demanded solutions, including debt restructur- tion and welcome your comments and suggestions ing and, in the case of the poorest, most highly to ensure that it meets your needs. indebted countries, outright debt forgiveness, formulated on the basis of detailed and robust Shaida Badiee information on external obligations. Director, Development Data Group Steps are continuously being taken to ensure that the data captured by the DRS mirror these Acknowledgments T his volume and its companion volume, The current developments was prepared by Malvina Little Data Book on External Debt, were Pollock and reviewed by Eric Swanson in consulta- prepared by the Financial Data Team of tion with the staff of DECDG; country economists the Development Data Group (DECDG), led by reviewed the data tables. The work was carried out Ibrahim Levent under the supervision of Neil James under the management of Shaida Badiee. Valuable Fantom, and comprising Nanasamudd Chhim, advice was provided by Shahrokh Fardoust. Akane Hanai, Wendy Huang, Hiroko Maeda, The production of this volume was managed Gloria Moreno, Evis Rucaj, Yasue Sakuramoto, by Azita Amjadi and Alison Kwong. The online Rubena Sukaj, and Alagiriswamy Venkatesan, database was prepared by Shelley Fu and William working closely with other teams in the Develop- Prince, with technical support from Ramgopal ment Economics Vice Presidency’s Development Erabelly and Malarvizhi Veerappan. Mobile apps Data Group. The team was assisted by Awatif H. production was coordinated by Vilas K. Madlekar Abuzeid and Elysee Kiti. The system support team and Parastoo Oloumi. The cover was designed was led by Abdolreza Farivari. The Migration and by Jomo Tariku. Staff members from External Remittances unit provided worker remittances and Affairs, Office of the Publisher, coordinated the compensation of employee data. The overview of publication and dissemination of the book. . Overview T he data and analysis presented in this edition of Global Development Finance are based on actual flows and debt related transactions for compared to a 6 percent increase in the stock of outstanding long term external debt. Most short term debt was trade related and, measured against 2010 reported to the World Bank Debtor Report- developing countries’ imports it increased only ing System (DRS) by 129 developing countries. marginally, to 17 percent compared to 16 percent The reports confirm that in 2010 international in 2009. The stock of long term debt at end 2010 capital flows to developing countries surpassed was fairly evenly divided between publicly guar- preliminary estimates and returned to their pre-cri- anteed debt, 54 percent, and debt owed to private sis level of $1.1 trillion, an increase of 68 percent non-guaranteed borrowers, 46 percent, although over the comparable figure for 2009. Private capi- the former rose twice as fast as the later in 2010, tal flows surged in 2010 driven by a massive jump by 8 percent as compared to 4 percent. Develop- in short-term debt, a strong rebound in bonds and ing countries’ debt stock remained moderate, an more moderate rise in equity flows. Debt related average of 21 percent of gross national income inflows jumped almost 200 percent compared (GNI) and 69 percent of export earnings and risks to a 25 percent increase in net equity flows. The associated with the fact that short term debt con- rebound in capital flows was concentrated in a stituted 25 percent of debt stock at end 2010 were small group of 10 middle income countries where mitigated by international reserves. The global net capital inflows rose by an average of nearly economic crisis forced some developing countries 80 percent in 2010, almost double the rate of to draw down international reserves but, in aggre- increase (44 percent) recorded by other develop- gate, developing countries recorded an accumula- ing countries. These 10 countries accounted for tion of international reserves since the onset of the 73 percent of developing countries GNI, and crisis: equivalent to 137 percent of external debt received 73 percent of total net capital flows to stock at end 2010 (table 1). developing countries in 2010. International capital flows rose by 68 percent to $1.1 trillion in 2010, equivalent to their 2007 pre-crisis level. Measured in relation to developing country gross national income (GNI), the increase Developing Countries’ Debt Stocks in net capital flows was less striking: from 4.1 and Flows 2010 percent of GNI in 2009 to 5.8 percent in 2010 but T he combined stock of developing countries’ external debt rose $437 billion to $4 trillion at end in 2010, reflecting net debt inflows of $495 well short of their 8.1 percent ratio in 2007. Debt flows from private creditors were close to five times their 2009 level, driven by a massive jump billion, the downward effect of the year on year in short-term debt and a strong rebound in bond appreciation, vis-à-vis the US dollar, of foreign issuance by public and private sector borrowers. currencies in which around 30 percent of develop- Foreign direct investment and portfolio flows were ing countries external debt is denominated, and up by 27 percent and 18 percent, respectively, debt forgiveness. Short term was the fastest grow- bringing total private equity flows to $635 billion ing component, rising by 34 percent in 2010 as in 2010, only slightly below their 2007 all-time G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Table 1. External Debt Stock of Developing Countries and Select Ratios, 2005–10 $ billions 2005 2006 2007 2008 2009 2010 Total External Debt Outstanding 2,514.1 2,675.3 3,220.5 3,499.2 3,639.6 4,076.3 Long-term (including IMF) 2,013.2 2,081.5 2,456.5 2,739.7 2,866.4 3,039.9 Public and publicly guaranteed (including IMF) 1,332.1 1,266.2 1,371.3 1,423.2 1,530.4 1,647.2 Private nonguaranteed 681.1 815.4 1,085.1 1,316.5 1,336.0 1,392.7 Short-term external debt 500.8 593.8 764.0 759.5 773.2 1,036.4 Ratios External debt outstanding to GNI (%) 26.6 23.9 23.2 21.0 22.4 21.0 External debt stocks to exports (%) 75.9 66.1 65.6 59.3 77.0 68.7 Reserves to external debt outstanding (%) 78.7 97.8 114.9 118.7 132.9 137.1 Short term debt to imports (%) 15.3 15.2 16.0 13.0 16.2 17.2 Sources: World Bank Debtor Reporting System and International Monetary Fund. high of $667 billion. The net inflow of debt related top 10 borrowers have commanded on average 70 financing from official creditors (excluding grants) percent of the annual aggregate net capital inflows declined by 11 percent, with those from the IMF to all developing countries and they have received down almost 50 percent from their 2009 level. By a much larger share of net equity inflows than contrast, support from IBRD continued its upward other developing countries (figure 2). trajectory with net inflows rising by a further 45 In 2010 net capital inflows to the top ten percent in 2010. Net inflows from other official borrowers increased by an average of almost creditors in 2010 held steady at their 2009 level 80 percent compared to only 44 percent for all (table 2). other developing countries combined. Net debt The 2010 increase in net capital flows was inflows rose to $359 billion, almost double the accompanied by marked change in composition amount going to the other 119 developing coun- between equity and debt related flows. Over the tries and equity inflows increased by 30 percent past decade net equity flows to developing coun- compared to a 16 percent rise for other develop- tries have consistently surpassed the level of debt ing countries. China alone received 30 percent of related flows, reaching as high as 97 percent of the aggregate net capital inflows to all developing aggregate net capital flows in 2002 and account- countries in 2010 while the combined share of the ing for 75 percent of them ($509 billion) in 2009. so-called BRICs (Brazil, the Russian Federation, However, periods of rapid increase in capital flows India, and China) was 58 percent. Together the have often been marked by a reversal from equity BRICs accounted for almost 40 percent, and the to debt. For example, in 2007, when net capital top ten borrowers for 64 percent of the end 2010 flows increased by 65 percent, to $1,133 billion, external debt stock owed by all developing coun- the main driver was the 80 percent rise in debt tries (table 3). related flows from private creditors (mostly to At the regional level, East Asia and the Pacific private sector corporate borrowers in developing saw the most pronounced rise in the net inflows in countries) and not the more moderate, 35 percent 2010: combined debt and equity flows increased rise in equity inflows. A similar pattern occurred by 90 percent, to $447 billion, dominated by the in 2010 when net financing by private creditors, 52 percent rise in equity and 178 percent rise in albeit largely of a short-term nature, fueled the rise debt flows to China. In Latin America and the in net capital flows (figure 1). Caribbean net capital inflows were up 83 percent Capital flows to developing countries are over their 2009 level, underpinned by a rebound heavily concentrated in the 10 middle-income in FDI inflows and a threefold jump in debt related countries, namely those with the largest external flows; the latter driven by a 20 percent rise in net debt stock at end 2010, referred to hereafter as inflows from official, largely multilateral, creditors, the top 10 borrowers. Over the past decade, the and a rapid rise in net medium- and short-term 2 O V E R V I E W Table 2. Net Capital Flows to Developing Countries, 2001–10 $ billions 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net private and official inflows 212.6 168.4 261.7 347.3 519.7 686.5 1133.2 835.2 674.9 1129.7 Percent of GNI 3.7 2.9 3.9 4.4 5.5 6.1 8.1 5.0 4.1 5.8 Net equity inflows 165.5 163.3 179.2 245.5 382.0 495.2 667.1 570.7 508.7 634.5 Net FDI inflows 158.9 155.0 152.8 208.5 314.5 387.5 534.1 624.1 400.0 506.1 Net portfolio equity inflows 6.7 8.3 26.3 36.9 67.5 107.7 133.0 –53.4 108.8 128.4 Net debt flows 47.1 5.1 82.5 101.9 137.7 191.2 466.1 264.4 166.2 495.2 Official creditors 30.9 6.9 –12.0 –24.3 –64.3 –69.0 1.5 29.5 80.5 71.2 World Bank 7.4 –0.5 –2.6 2.4 2.6 –0.3 5.2 7.2 18.3 22.4 IMF 19.5 14.2 2.4 –14.7 –40.2 –26.7 –5.1 10.8 26.8 13.8 Other official 4.1 –6.7 –11.7 –11.9 –26.8 –42.0 1.5 11.5 35.4 35.0 Private creditors 16.1 –1.8 94.5 126.1 202.0 260.2 464.6 234.9 85.7 424.0 Net medium and long term debt flows –3.5 –3.8 36.3 73.2 120.4 164.9 296.3 239.3 70.9 155.5 Bonds 15.7 11.1 23.1 33.9 49.4 34.3 91.7 26.7 51.1 111.4 Banks and other private –19.2 –15.0 13.2 39.3 71.1 130.6 204.7 212.5 19.8 44.1 Net short term debt flows 19.6 2.0 58.2 52.9 81.6 95.3 168.3 –4.4 14.7 268.5 Change in reserves (– = increase) –81.8 –165.4 –288.4 –395.7 –405.1 –636.9 –1085.3 –452.5 –681.9 –752.0 Memorandum items Official grants excluding tech cooperation 28.4 33.9 44.5 52.2 57.1 107.2 76.4 85.8 87.5 90.0 Workers remittances 90.1 108.2 134.6 155.6 187.0 221.6 276.4 322.9 306.3 319.6 Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organization for Economic Co-operation and Development. Official grants data for 2010 are World Bank estimates. Figure 1. Net Capital Flows to Developing financing from private creditors to Brazil and Countries, Equity and Debt-Related Mexico. After a precipitous fall in 2009, net flows Flows, 2001–10 to countries in Europe and Central Asia bounced percent back, rising by 66 percent in 2010 on the back of 100 higher short-term debt related flows from private 90 creditors and bond issuance by public sector and 80 corporate borrowers. Net inflows to countries in South Asia and Sub-Saharan Africa rose 30 per- 70 cent and 15 percent, respectively, over the previ- 60 ous year. In South Asia, this was due to a rapid (92 50 percent) escalation in portfolio flows to India and 40 net debt inflows of $35 billion from private credi- 30 tors. In Sub-Saharan Africa, a 33 percent increase 20 in net debt inflows on loans from official creditors 10 and a resumption of short-term debt inflows, 0 $1.5 billion in 2010 compared to an outflow of 01 02 03 04 05 06 07 08 09 10 $10 billion in 2009, were in part offset by a 14 20 20 20 20 20 20 20 20 20 20 percent fall in net equity inflows. The Middle East Net debt inflows Net equity inflows and North Africa was the only developing region Sources: World Bank Debt Reporting System; International where net inflows declined in 2010 with increased Monetary Fund; and World Bank estimates. bond issuance not enough to offset a halving of net 3 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 debt inflows from official creditors and a 16 per- Recent Trends in Debt Flows cent fall in equity flows (table 4). See the section entitled “Regional Developments and Trends� for a more extensive discussion on the composition of N et debt related flows soared in 2010, rising by close to 200 percent to $495 billion from $167 billion in 2009. In the process, the composi- debt and equity flows to each region. tion changed markedly in terms of both creditor and the category of borrowers to which flows Figure 2. Aggregate Net Inflows to Top Ten were directed. In terms of creditor, financing from Borrowers and Other Developing Countries, official creditors declined, largely as a consequence 2000–10 of the sharp fall in developing countries’ purchases percent (equivalent to loan disbursements) from the IMF. 120 Official creditors’ share of total net debt related flows fell to 14 percent in 2010, compared to 49 100 percent in 2009. In contrast the net inflow from private creditors rose to $424 billion, close to five 80 times its 2009 level (figure 3a). Viewed from the 60 borrower perspective, it was private sector bor- rowers that saw net inflows rebound in 2010 to 40 $353 billion, a ninefold increase from 2009. In contrast net inflows to public and publicly guaran- 20 teed borrowers rose only 12 percent in 2010 and their share of total net debt related flows fell to 29 0 percent from 76 percent in 2009 (figure 3b). –20 00 05 06 07 08 09 10 Slowdown in Financing from Official Bilateral 20 20 20 20 20 20 20 and Multilateral Creditors Net inflows of capital from official creditors in Debt inflows, other developing countries the form of concessional and non-concessional Equity inflows, other developing countries Debt inflows, top ten countries loans fell 11 percent in 2010 to $71 billion with Equity inflows, top ten countries a shift in composition between multilateral and bilateral creditors: the share of the former fell Source: World Bank Debtor Reporting System. to 83 percent (from 92 percent in 2010) as the Table 3. Top Ten Borrowers—External Debt Stock, 2010, and Net Inflows, 2009–10 $ billions External debt stock end 2010 Net inflow 2009 Net inflow 2010 % change in % of total net flow net Country Amount % of total Total Debt Equity Total Debt Equity 2010 flow 2010 China 548.6 13.5 185.9 43.5 142.4 337.3 120.9 216.4 81.4 29.9 Russian Federation 384.7 9.4 20.8 –19.1 39.9 52.1 14.0 38.1 150.5 4.6 Brazil 347.0 8.5 93.4 30.4 63.0 164.6 78.5 86.1 76.2 14.6 Turkey 293.9 7.2 –2.6 –13.8 11.2 40.4 27.7 12.7 –1653.8 3.6 India 290.3 7.1 75.1 18.4 56.7 102.7 38.6 64.1 36.8 9.1 Mexico 200.1 4.9 28.4 8.9 19.5 48.7 29.4 19.3 71.5 4.3 Indonesia 179.1 4.4 20.3 14.6 5.7 29.9 14.5 15.4 47.3 2.6 Argentina 127.9 3.1 1.5 –2.3 3.8 23.2 17.1 6.1 1446.7 2.1 Romania 121.5 3.0 17.9 13.0 4.9 13.7 10.2 3.5 –23.5 1.2 Kazakhstan 118.7 2.9 22.6 8.8 13.8 17.8 7.7 10.1 –21.2 1.6 Total top 10 borrowers 2611.8 64.1 463.1 102.3 360.8 830.4 358.5 471.9 79.3 73.5 Other developing countries 1464.5 35.9 211.8 63.9 147.9 299.3 136.7 162.6 41.3 26.5 All developing countries 4076.3 100.0 674.9 166.2 508.7 1129.7 495.2 634.5 67.4 100.0 Source: World Bank Debtor Reporting System. 4 O V E R V I E W Table 4. Net Capital Flows to Developing Regions, 2005–10 $ billions 2005 2006 2007 2008 2009 2010 Net private and official inflows 519.7 686.5 1,133.2 835.2 674.9 1,129.7 by region: East Asia and the Pacific 209.0 238.6 301.6 211.7 235.3 447.1 Europe and Central Asia 135.3 248.9 424.1 313.0 104.0 172.8 Latin America and the Caribbean 93.8 68.7 208.3 181.9 173.7 318.6 Middle East and North Africa 19.4 14.5 29.6 21.0 29.2 26.2 South Asia 28.7 77.1 116.3 64.8 86.2 111.6 Sub-Saharan Africa 33.6 38.7 53.4 42.6 46.4 53.4 Sources: World Bank Debtor Reporting System. net inflow from bilateral creditors continued its creditors in 2008–10. South Asia and Sub- upward trajectory (table 5). For much of the past Saharan Africa each received around 15 percent decade flows from bilateral creditors have been of the total and only a negligible 5 percent went negative, a consequence of large payments, and to countries in East Asia and the Pacific and the in some instances pre-payments, by a number of Middle East and North Africa. middle-income countries on debt restructuring Gross disbursements from multilateral agreements concluded in prior years with Paris institutions, (defined as IMF purchases and dis- Club creditors. Additionally it reflects the fact bursements on loans from multilateral creditors) that most OECD countries provide a large share increased by 120 percent between 2007 and 2009. of their bilateral assistance in the form of official The dominant factor behind this rapid rise was grants, particularly to low-income countries with member countries’ purchases from the IMF; which little or no access to market based financing. In rose fourteen fold to $27 billion in 2009 (from $2 2009 the net inflow on loans from bilateral credi- billion in 2007). Disbursements from IBRD and tors turned sharply positive and they rose by a fur- IDA rose 73 percent over this period, and this pat- ther 76 percent in 2010, driven by the emergence tern was mirrored in the increased level of lending of a new, and important, group of bilateral credi- by regional development banks—collectively their tors, in particular China. The 20 percent decline in disbursements rose 59 percent from 2007 to 2009. the net inflow on loans from multilateral institu- In 2010 there was sharp reversal of the upward tions in 2010 resulted almost entirely from the trend although IBRD registered a 19 percent precipitous drop in developing countries’ net new increase in gross loan disbursements. (See Annex purchases from the IMF which more than offset A for more information on IBRD and IDA financ- the 45 percent rise in the net inflow on loans from ing in 2010). In contrast IMF purchases dropped IBRD. Although in aggregate net financing from 41 percent and gross disbursements from other the IMF in 2010 was broadly the same as in 2009, multilateral institutions were down by 9 percent around SDR 20 billion, much of it was directed over the previous year. Gross disbursements on at high-income countries outside the scope of the loans from bilateral creditors rose by 70 percent World Bank Debtor Reporting System. When the between 2007 and 2009 and, in contrast to mul- IMF is excluded, net financing from multilateral tilateral flows, continued on an upward trend in institutions was down by only 3 percent from its 2010, rising by a further 23 percent to $34 billion, 2009 level. equivalent to almost 30 percent of 2010 gross Since the onset of the most recent global flows from official creditors (figure 4). Intra-devel- economic crisis countries in Europe and Central oping country lending, or so-called South-South Asia and Latin America and the Caribbean have flows have been a driving force behind the rise in commanded the lion’s share of net loan inflows lending by bilateral creditors and new commit- from official creditors. They received 39 percent ments, a leading indicator of the level of future and 25 percent, respectively, of the $181 billion disbursements, suggests it continue to accelerate. in aggregate net inflows on loans from official Between 2007 and 2010 bilateral creditors signed 5 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Figure 3. Net Debt Flows by Creditor and Borrower $424 billion, from $86 billion in 2009, only 10 Type, 2001–10 percent below their pre-crisis peak in 2007. Net a. By creditor type medium-term financing rose 119 percent in 2010, $ billions underpinned by strong inflows on bonds which 500 more than doubled, to $111 billion, on the back of resurgence in new issuance by public and pri- 400 vate sector borrowers. There were also several new entrants to the international capital market 300 in 2010, including Albania, Belarus, Georgia, Jor- 200 dan, Montenegro, and Vietnam. Net inflows from banks and other private institutions showed signs 100 of recovery, rising by 123 percent, to $44.1 billion, albeit from a relatively low base, $19.8 billion in 0 2009. It was however, short-term, trade related, debt inflows that were dominant, accounting for –100 65 percent net inflows from private creditors in 01 02 03 04 05 06 07 08 09 10 2010. They soared to an all-time high of $269 bil- 20 20 20 20 20 20 20 20 20 20 lion, a massive jump over the $14 billion recorded Official creditors Private creditors in 2009 and 60 percent higher than their previous, b. By borrower type pre-crisis high of $168 billion in 2007 (figure 5). $ billions The rise in short term debt mirrored the 500 upsurge in imports by developing countries which increased by 27 percent in US dollar terms in 400 2010 to $6 trillion, and closely correlated with the strong rebound in growth in the largest emerging 300 markets. Short term inflow to the top ten borrow- ers was $220 billion, 80 percent of the total inflow 200 of $269 billion in 2010: half of this went to China where imports rose 34 percent in US dollar terms 100 in 2010. All regions recorded positive short term debt inflow in 2010, but the primary recipients 0 were the East Asia and Pacific and Latin America and the Caribbean regions, which accounted for –100 53 percent and 25 percent respectively of total 01 02 03 04 05 06 07 08 09 10 20 20 20 20 20 20 20 20 20 20 short-term debt inflows to developing countries in Private sector nonguaranteed borrowers 2010. There was a marked turnaround in Europe Public and publicly guaranteed borrowers and Central Asia, where net inflows rose to $46 billion, from an outflow of $38 billion in 2009, Source: World Bank Debtor Reporting System. driven by renewed trade flows to Russia and Turkey and, to a lesser extent, Ukraine (table 6). China accounted for 75 percent of net short-term new loan agreements totaling around $135 billion debt inflow to the East Asia and Pacific region, of which China alone accounted for close to one Argentina, Brazil, and Mexico for 86 percent of third. Most bilateral loans are for the financing of inflow to Latin America and the Caribbean, and large infrastructure projects. Turkey for 62 percent of that to Europe and Cen- tral Asia. Resurgence of Lending by Private Both public and private sector borrowers Creditors in 2010 benefitted from the recovery in medium term Net debt inflows from private creditors rose more financing from banks and other financial institu- rapidly than any other category of capital flows tions, often export or project related financing to developing countries in 2010. They surged to benefitting from the guarantee of an export credit 6 O V E R V I E W Table 5. Net Official Loan Financing to Developing Countries, 2001–10 $ billions 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total official creditors 30.9 6.9 –12.0 –24.3 –64.3 –69.0 1.5 29.5 80.5 71.2 Bilateral –3.6 –8.2 –13.8 –12.2 –31.7 –45.8 –10.6 –1.9 6.7 11.9 Multilateral 34.5 15.2 1.8 –12.1 –32.6 –23.2 12.1 31.4 73.7 59.4 of which IBRD 2.4 –6.0 –7.7 –4.0 –3.0 –5.3 –0.4 2.7 11.8 17.1 IDA 5.0 5.5 5.0 6.4 5.6 5.0 5.5 4.6 6.5 5.3 IMF 19.5 14.2 2.4 –14.7 –40.2 –26.7 –5.1 10.8 26.8 13.8 Memorandum item: IDA grants .. 0.3 0.4 1.1 1.2 1.2 1.9 2.1 2.5 2.2 Sources: World Bank Debtor Reporting System and Organisation for Economic Co-operation and Development. Figure 4. Gross Inflows from Bilateral and Figure 5. Net Private Debt Flows by Creditor Type, Multilateral Creditors to Developing 2001–10 Countries, 2005–10 $ billions $ billions 300 45 250 40 35 200 30 150 25 20 100 15 50 10 5 0 0 –50 05 06 07 08 09 10 01 02 03 04 05 06 07 08 09 10 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 International Monetary Fund Bonds International Bank for Reconstruction and Development Banks and other private International Development Association Net short-term debt flows Other multilateral Bilateral Source: World Bank Debtor Reporting System. Source: World Bank Debtor Reporting System. gross disbursements to private sector borrowers far outweighed those to public sector borrowers: agency. Net inflow to public sector borrowers $300 billion, equivalent to 85 percent of the 2010 almost doubled in 2010, from $10 billion to total. Maturities on medium-term bank loans $19.5 billion, while those to private sector bor- typically average 5 years and, consequently, the rowers, $24.6 billion, were 60 percent higher than large volume of gross disbursements to private in 2009, but still only around 20 percent of their sector borrowers has been accompanied by a peak 2007 level. The upturn in net inflow was rapid escalation in principal repayments. They fueled by a 20 percent rise in gross disbursements increased to $276 billion in 2010 triple their 2000 in 2010 to $350 billion, a marked turnaround level (figure 6). from the 38 percent decline in comparable dis- A combination of favorable pricing condi- bursements recorded in 2009. Consistent with tions and investors’ continued search for yield led the pattern of the past decade in volume terms to a record level of activity in international bond 7 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Table 6. Net Short-Term Debt Flows to Developing to almost 50 percent, up from 35 percent in 2009 Countries, 2007–10 (table 7). Countries in Europe and Central Asia led $ billions the way in sovereign and public sector bond issues. 2007 2008 2009 2010 They raised a total of $32 billion in international East Asia and the Pacific 52.1 –11.4 63.5 141.5 bond markets in 2010, more than double the Europe and Central Asia 72.5 –6.9 –38.5 45.5 $15 billion issued in 2009, including debut issues Latin America and the totaling $3.6 billion by Albania, Belarus, Georgia, Caribbean 23.0 5.7 –4.5 67.2 Jordan and Montenegro. The Russian government Middle East and North returned to the markets for the first time since Africa 3.5 –4.2 1.6 1.1 1998 with a $5.5 billion 5 and 10 year note and South Asia 12.9 7.9 2.6 11.7 Sub-Saharan Africa 4.3 4.5 –9.9 1.5 Ukraine came back to the Eurobond market for All developing Countries 168.3 –4.4 14.7 268.5 the first time since 2007 with $1.5 billion 10 year Top ten borrowing note and a $0.5 billion 5 year issue. countries 100.9 –13.9 27.1 220.3 Sovereign bond issuance jumped significantly Sources: World Bank Debtor Reporting System and Bank for in the Middle East and North Africa, where in International Settlements. addition to Lebanon, Egypt, Jordan, and Morocco came to the market in 2010. In South Asia pub- Figure 6. Gross Medium-Term Commercial Bank lic sector borrowers in India accounted for most Flows to Developing Countries, 2000–10 of the sharp increase, but Sri Lanka returned to $ billions the market in October 2010 with a $1 billion 10 500 year sovereign bond issue. Latin America and the Caribbean region led corporate bond issuances, 450 accounting for 62 percent of corporate bond issu- 400 ances by all developing countries in 2010. The 350 private sector in Brazil was the dominant player: 300 with total issuances of $32 billion of which 250 around half were placed by the financial sector and the other half by large Brazilian companies, 200 including Telemar Norte Leste ($1.1 billion) and 150 Vale ($1.8 billion) the world’s largest exporter of 100 iron ore. In Mexico corporate bond issuances rose 50 to $11 billion (from $5 billion in 2009), while in 0 00 05 06 07 08 09 10 20 20 20 20 20 20 20 Table 7. Bond Issuances by Developing Countries, Gross disbursements, public borrowers 2009–10 Gross disbursements, private sector borrowers $ billions Principal payments, public borrowers Sovereign Corporate Principal payments, private sector borrowers borrowers borrowers 2009 2010 2009 2010 Source: World Bank Debtor Reporting System. East Asia and the Pacific 13.9 12.9 2.7 15.3 Europe and Central Asia 15.3 32.0 3.2 16.5 Latin America and the issuances by emerging markets in 2010. New issues Caribbean 32.5 22.4 28.6 53.0 by sovereigns, public sector, and corporate bor- Middle East and rowers combined rose to $173 billion, an increase North Africa 2.9 5.5 0.2 0.0 of 62 percent over 2009 and 8 percent above their South Asia 2.3 12.1 2.5 1.3 2007 pre-crisis level. The main driver was issu- Sub-Saharan Africa 2.2 2.0 0.0 0.0 ances by corporate borrowers in developing coun- All developing countries 69.1 86.9 37.2 86.1 tries, which increased by 130 percent in 2010 and Top ten borrowers 35.2 48.5 30.7 73.8 brought their share of total 2010 bond issuances Source: World Bank Debtor Reporting System. 8 O V E R V I E W Peru they rose to $3 billion, three times the level of from their 2008 level, combined with increased the previous year, with both Peruvian banks and external borrowing to finance current account companies active in the Eurobond markets. In East deficits and fiscal stimulus measures, pushed the Asia and the Pacific region and Europe and Cen- ratio of total external debt outstanding to exports tral Asia the major players were Chinese and Rus- back up to 77 percent, its highest level since 2005. sian corporations, which each raised $12 billion The ratio of outstanding external debt to GNI also in 2010. Power and construction companies were rose, reflecting the 2 percent decline in develop- the big borrowers in China. In Russia blue chip ing countries’ combined GNI. In 2010 the rapid companies like steelmaker Severstal, shipbuilder rebound from the global economic crisis by many Sovcomflot, and banks like Alfa Bank led the way. developing countries pushed GNI up by an aver- age of 20 percent while their combined export earnings rose by 26 percent with concomitant improvement in the ratio of debt to GNI and External Debt Burden of Developing to export earning to 21 percent and 69 percent, Countries—Selected Indicators respectively, for all developing countries combined C oncomitant with the rise in debt related inflows in 2010 the combined stock of devel- oping countries’ external debt increased by 12 per- (figure 7). At the regional level an improvement in the ratio of external debt to export earnings in 2010 cent from $3,640 billion to $4,076 billion. At the was recorded by all six regions, but the ratio regional level there were marked differences with remains above its 2008 level. With the exception the outstanding obligations of countries in East of East Asia and Pacific, all regions also saw an Asia and the Pacific rising by, on average, 21 per- improvement in the ratio of external debt to GNI cent, while those of countries in the Middle East in 2010 and in two regions, Middle East and and North Africa increased by only 2 percent over North Africa and South Asia, it was lower than the prior year’s level. Rising external debt stocks in 2008. East Asia and Pacific has the lowest debt do not necessarily translate into an increased debt burden. That will also depend on the extent to which with the rate of growth of income and export earnings outpaces the accumulation of new Figure 7. Key Debt Indicators: Trend 2000–10 external obligations. percent Developing countries external debt indica- 140 tors, measured in terms of gross national income (GNI) and export earnings, improved markedly 120 from 2000 to 2008. Export earnings rose sharply 100 due to increased export volume and the high inter- national prices for primary commodities and the 80 rotation of international capital flows from debt to equity and, in the case of low-income countries, 60 large scale forgiveness of external debt obliga- 40 tions in the context of the HIPC and MDRI also played an important role in reducing external debt 20 burdens. Total external debt outstanding for all 0 developing countries reporting to the World Bank 00 05 06 07 08 09 10 Debtor Reporting System measured as a ratio of 20 20 20 20 20 20 20 exports, was 59.3 percent in 2008, less than half External debt stocks to exports (%) the 128.5 percent recorded in 2000. Measured External debt stocks to GNI (%) against developing countries’ GNI, it dropped Debt service to exports (%) from 37.8 percent to 21 percent over the same Short-term to external debt stocks (%) period. The past two years have been something of a roller-coaster. In 2009 sharply reduced develop- Sources: World Bank Debtor Reporting System and the ing countries’ exports, down almost 20 percent International Monetary Fund. 9 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 burden measured against both GNI and export bined was 9.8 percent, compared to 10.8 percent earnings, despite the sharp increase in debt out- in 2009. The average debt service to export ratio standing in 2010. Countries in Europe and Central for middle income countries in 2010 (10 percent) Asia are, on average, the most heavily indebted of was below half its level in 2000 (21 percent). Even all developing countries and were the ones severely more striking is the improvement in low-income impacted by the global economic crisis. This is countries: their average debt service to export reflected in the marked deterioration in the ratio ratio has been reduced to 4.8 percent in 2010, of external debt to GNI and to export earnings in from 17.2 percent in 1995 (figure 8). In part this 2009: both ratios improved in 2010 to 43 percent is a consequence of increased exported earnings and 122 percent, respectively, despite a moderate, but also a direct outcome of debt restructuring 5 percent, increase in the stock of outstanding and outright debt relief from official and private debt, but remained well above their 2008 level. creditors in the context of the HIPC and MDRI The ratio of debt to exports for the top 10 bor- (box 1). rowing countries combined is broadly the same as that for other developing countries, but they have a much lower debt burden measured in rela- tion to GNI, an average of 18.4 percent in 2010 Trends in Equity Flows 2010 compared to an average of 27.9 percent for other developing countries (table 8). Developing countries have seen a marked and N et equity inflows (direct investment and portfolio investment combined) in develop- ing countries totaled $635 billion in 2010, up 25 almost continuous improvement in the sustainabil- percent from their level in 2009 and approaching ity of their external debt, measured by the ratio of their record level of $667 billion in 2007 (figure 9). external debt service to export earnings over the Foreign direct investment at $506 billion remained past decade. This held true in 2010, despite the 12 the single largest component of capital flows to percent increase in developing countries’ external developing countries. However, it rose far less rap- debt obligations and parallel shift in the maturity idly than debt related inflows, and its share of total composition and rise in short term debt, as a share net capital flows to developing countries fell from of total outstanding external debt, to 25 percent, 59 percent in 2009 to 45 percent in 2010. from 21 percent in 2009. The average debt service to export ratio for all developing countries com- Figure 8. Debt Service to Exports Ratio, 1995–10 percent Table 8. Debt Indicators for Developing Country 25 Regions percent 20 Debt Outstanding/GNI Debt Outstanding/Exports Country group 2008 2009 2010 2008 2009 2010 15 East Asia and the Pacific 12.9 13.1 13.5 30.6 39.7 37.0 Europe and Central 10 Asia 37.3 47.7 43.0 97.2 140.6 121.6 Latin America and the Caribbean 21.2 23.3 21.7 84.5 109.4 102.1 5 Middle East and North Africa 14.9 15.2 14.1 34.9 43.0 42.5 0 South Asia 21.0 20.7 19.2 84.3 107.7 94.3 95 00 05 06 07 08 09 10 Sub-Saharan Africa 21.2 22.4 20.0 48.8 66.1 54.0 19 20 20 20 20 20 20 20 Top ten borrowers 18.6 19.5 18.4 59.6 76.5 67.9 Low-income countries Other developing countries 27.1 29.7 27.9 58.8 77.8 70.0 Middle-income countries Sources: World Bank Debtor Reporting System and International Sources: World Bank Debtor Reporting System and International Monetary Fund. Monetary Fund. 10 O V E R V I E W Box 1. Debt Restructuring with Paris Club Creditors, 2010 Developments in 2010 The Paris Club concluded debt restructuring agreements with seven countries reporting to the World Bank Debtor Reporting System in 2010, all of which were low-income countries eligible for the Heavily Indebted Poor Country (HIPC) Initiative. These agreements restructured a total of $13.2 billion (table B1.1). Five countries, Afghanistan, the Democratic Republic of the Congo, the Republic of Congo, Liberia, and Togo reached the HIPC Completion Point in 2010 and concluded a stock of debt treatment that marked an exit from the Paris Club rescheduling process. Most of the debt treated by the Paris Club in 2010 related to claims on these countries. In aggregate $13 billion was restructured under these five, stock of debt, exit agreements of which $8.9 billion was cancelled. The share of debt cancelled for each debtor country was dictated by the common (debt) reduction factor: i.e. the effort required by each creditor to lower a country’s external debt indicators to the levels set by the HIPC criteria. However, Paris Club cred- itors signaled their intension to cancel, on a bilateral basis, all of their remaining bilateral claims, thereby providing 100 percent debt relief to each country. Comoros reached the HIPC Decision Point on June 29, 2010 and became eligible for debt relief on Cologne terms (90 percent net present value reduction). The agreement concluded in August 2010 topped up the 67 percent debt relief (in net present value) accorded under the agreement of November 2009 to 90 percent (in net present value). The 2009 agreement restructured a total of $13 billion in arrears of principal and interest as of June 30, 2009 and maturities falling due from July 2009 up to June 30, 2012. Guinea-Bissau concluded an agreement in July 2010 to restructure a total of $171 million, following approval, in May 2010 of a new three year arrangement under the IMF Extended Credit Facility. Guinea- Bissau reached the HIPC Decision Point in December 2000. The agreement, concluded on Cologne terms (90 percent net present value reduction), restructured arrears of principal and interest as of December 31, 2009 and maturities falling due from January 1, 2010 to December 31, 2012. It cancelled $54 million and rescheduled $117 million over the three year consolidation period. Given the country’s very limited payment capacity, creditors also agreed, on an exceptional basis, to defer the repayment of maturities and a significant share of arrears on short term and post-cut-off date debt (contracted after December 1986) and interest on restructured debt until after December, 2012. These measures reduced by 98 percent debt service due to Paris Club creditors between January 1, 2010 and December 31, 2012. Table B1.1. Agreements with Paris Club Creditors, January 1, 2010–December 31, 2010 Amount (millions of dollars) Consolidation period Signature Concessionality Country date (2010) Cut-off date Total Rescheduled Cancelled (percent of npv) Start End Afghanistan 17-Mar Jun-99 1,027 585 442 90 stock Comoros 13-Aug Jun-99 13 12 1 90 Jun-10 Jun-12 Congo, Dem. Rep. 25-Feb Jun-83 2,957 1,647 1,310 90 Jul-09 Jun-12 Congo, Dem. Rep. 17-Nov Jun-83 7,528 1,479 6,049 90 stock Congo, Rep. 18-Mar Jan-86 2,474 1,493 981 90 stock Guinea-Bissau 06-Jul Dec-86 171 117 54 90 Jan-10 Dec-12 Liberia 16-Sep Jan-83 1,366 107 1,258 90 stock Togo 16-Dec Jan-83 611 408 202 90 stock Source: Paris Club Secretariat. Note: In 2010 Paris Club creditors also concluded an agreement with Antigua and Barbuda. Since this country does not borrow from the World Bank it is not required to report to the World Bank Debtor Reporting System. The 2010 recovery in FDI inflows, follow- increased South-South investment, i.e. investment ing their 36 percent fall in 2009, was driven by by one developing country in other. Much of the improvements in the global investment envi- increase came from cross-border mergers and ronment, a revival in corporate earnings, and acquisitions (M&A), which typically react more 11 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Figure 9. Net Equity Flows to Developing Countries, 2001–10 Box 2. China—Revised Data Series for For- $ billions eign Direct Investment Inflows, 2005–10 800 In 2011 China’s State Administration of For- 700 eign Exchange (SAFE) significantly revised the 600 official capital account statistics for 2005–10 following implementation of new account- 500 ing standards and methodology. The most 400 important change was in respect of inflows of foreign direct investment which were subject to 300 an upward revision of between 20–75 percent 200 for the period 2005–10 (figure B2.1). Accord- 100 ing to SAFE, the primary reason for the revi- sion was improved measurement of reinvested 0 earnings by multinational corporations, hith- –100 erto not fully captured in government reports. 01 02 03 04 05 06 07 08 09 10 According to the new data FDI inflows to 20 20 20 20 20 20 20 20 20 20 China were $185 billion in 2010, equivalent Net FDI inflows Net portfolio equity inflows to 37 percent of total FDI inflows to the 129 developing countries reporting to the World Sources: International Monetary Fund and World Bank estimates. Bank Debtor Reporting System. rapidly to changes in economic conditions than Figure B2.1. Revisions to China’s FDI inflows, green field investment, and from higher reinvested 2005–10 earnings. The latter accounted for over one-third $ billions of FDI inflows in 2010. South-South investment, 200 particularly from Asia, rose to an estimated 34 180 percent of total FDI inflows to developing coun- tries in 2010, up from 25 percent in 2007. The 160 increase in FDI inflows was broad based, with a 140 large number of countries reporting higher FDI 120 inflows, but the pace of recovery was less robust 100 than the 30 percent increase in aggregate net FDI 80 inflows in 2010 would seem to imply. This is 60 because the overwhelming share of FDI inflows went to China, which rose by 62 percent to $185 40 billion. Excluding China, FDI inflows to develop- 20 ing countries rose by a more moderate 12 percent 0 in 2010. China recently made important revisions 05 06 07 08 09 10 20 20 20 20 20 20 to its official government statistics for 2005-2010 (box 2). According to the revised data, between Previously reported Revised data series 2005 and 2010 China received 30 percent of Source: China State Administration of Foreign Exchange. aggregate FDI inflows to the 129 developing coun- tries reporting to the World Bank DRS. It is now the single largest recipient of FDI inflows among both developed and developing countries. China’s manufacturing sector is the primary recipient of All but two of the top ten developing country FDI inflows; it received $70 billion in 2010, a 50 recipients of FDI registered increased inflows in percent increase over the comparable figure for 2010 (figure 10). Inflows to Brazil were up 87 2009, while FDI inflows into the financial sector percent on the back of the country’s strong fun- and real estate sector were up 300 percent and 78 damentals while Indonesia’s growth prospects, percent to $12 billion and $21 billion, respectively. improved credit ratings, and large domestic 12 O V E R V I E W Figure 10. Net Foreign Direct Investment Inflows to countries. Between 2005 and 2010, investors Major Recipients, 2009–10 provided $492 billion in portfolio equity inflows $ billions of which 99 percent went to 10 developing coun- China tries, but just 3 countries, China, Brazil and India, Brazil received 73 percent (table 9). Portfolio equity flows recovered rapidly from the impact of the Russia global financial crisis, particularly in emerging India markets viewed as having good growth prospects. Mexico Net inflows totaled $108 billion in 2009, a spec- Chile tacular turnaround from the $53 billion outflow Indonesia in 2008 and were up by an another 18 percent in Kazakhstan 2010 to $128 billion as investor concerns about Malaysia the severity of the impact of the global crisis on the Turkey corporate sector in emerging markets abated: stock 0 50 100 150 200 markets in several emerging markets hit record lev- els in 2010. While the recovery in portfolio flows 2009 2010 can be seen as beneficial there were concerns that a rapid surge may generate inflationary pressures Sources: International Monetary Fund and World Bank estimates. and have the potential to destabilize currencies and domestic financial markets. Against this backdrop a number of countries took measures designed to slow the pace of portfolio equity inflows in 2010 market proved an attractive draw. FDI increased and the aggregate pace of increase masks very by 173 percent over its 2009 level, directed pri- disparate trends in individual countries. Among marily at transport and communications as well the top three recipients, inflows to Brazil were the more traditional mining sector. Malaysia only marginally higher than in the previous year, recorded a fivefold increase in investment into and in China they slowed considerably, rising by its oil and gas and financial sectors in 2010. In only 10 percent, compared to their 225 percent sharp contrast FDI inflows to India continued rise in 2009. In sharp contrast portfolio equity on a downward path, falling by a further 32 per- flows to India surged to $40 billion, a 90 percent cent, on top of the 18 percent decline registered increase from 2009 with investors attracted by the in 2009. Policy and procedural issues, delays in country’s strong growth and high rate of return on opening the retail and insurance sectors to foreign investors, poor infrastructure, licensing issues, and Table 9. Net Inflow of Portfolio Equity, Top Ten a series of widely reported corruption cases are Recipients, 2005–10 cited as factors behind investors’ reticence to com- $ billions mit to new long-term investments. FDI inflows to 2005 2006 2007 2008 2009 2010 Kazakhstan were also down sharply (27 percent) in 2010. The concentration of FDI inflows to China 20.3 42.9 18.5 8.7 28.2 31.4 developing countries increased further in 2010 Brazil 6.5 7.7 26.2 –7.6 37.1 37.7 with the top ten recipients increasing their share to India 12.2 9.5 32.9 –15.0 21.1 40.0 73 percent (from 67 percent in 2009). That said, a South Africa 7.2 15.0 8.7 –4.7 9.4 5.8 Turkey 5.7 1.9 5.1 0.7 2.8 3.5 wide group of countries, particularly at the lower Thailand 5.1 5.2 4.3 –3.8 1.3 3.4 end of the income scale, reported increased FDI Vietnam 0.1 1.3 6.2 –0.6 0.1 2.4 inflows in 2010. Low-income countries as a group Russia –0.1 6.5 18.7 –15.0 3.4 –4.8 saw FDI inflows increase by almost 40 percent Indonesia –0.2 1.9 3.6 0.3 0.8 2.1 in 2010 in largely part due to rising South-South Mexico 3.4 2.8 –0.5 –3.5 4.2 0.6 investment in extractive industries and infrastruc- Top ten recipients 60.2 94.7 123.7 –40.5 108.4 122.1 ture development. Total all developing Portfolio equity flows are the most highly countries 67.5 107.7 133.0 –53.4 108.8 128.4 concentrated of all capital flows to developing Sources: International Monetary Fund and World Bank estimates. 13 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 investments. When India is excluded, net portfolio in the dollar value of export earnings. The ratio of equity flows to developing countries rose by only 1 outstanding debt to export earnings improved to percent in 2010. For other countries the story was 37 percent from 40 percent in 2009 and remained mixed, with a net outflow of $5 billion from Rus- the lowest of all six regions. Short term debt as a sia and sharp falls in inflows to Mexico and South share of total debt is high, 46 percent, but risks are Africa offset by large increases to Nigeria and a mitigated by the stock of international reserves: at number of Asian borrowers, including Indonesia, end 2010 they were 333 percent of external debt Thailand, and Vietnam. stock. Net debt inflows from private creditors soared to $176 billion, from $65 billion in 2009, on the back of a massive increase in net short term debt Regional Developments and Trends inflows and a rapid rise in medium term financing. Borrowers across the region reported net short East Asia and the Pacific term debt inflow, but China dominated the trend: Net capital flows to the region rose 90 percent in its net short term debt inflow doubled in 2010 2010 to a record high of $447 billion, almost 50 to $107 billion, equivalent to 76 percent of the percent above their pre-crisis level although still regional total. Other countries reporting a sharp below their peak in terms of GNI, 5.9 percent rise were Malaysia $11 billion (from $0.9 billion compared to 6.5 percent in 2007. The surge in in 2009), Indonesia $7.2 billion (double the 2009 inflows was driven by a sharp rebound in equity level), and the Philippines $2.3 billion (a marked flows, particularly FDI, and a jump in short term, turnaround from the net outflow of –$3 billion trade related, inflow to an unprecedented $142 in 2009). Asian borrowers again took advantage billion, approaching three times its previous high of improved market conditions to issue $28 bil- in 2007 (table 10). lion in bonds in 2010 of which 55 percent was The stock of external debt rose 21 percent in issuance by private sector borrowers. Of this Chi- 2010, but this was offset by a 30 percent increase nese corporates, mainly power and construction Table 10. Net Capital Inflows to East Asia and the Pacific, 2001–10 $ billions Inflows 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net private and official inflows 81.6 49.6 75.9 127.0 209.0 238.6 301.6 211.7 235.3 447.1 Percent of GNI 4.6 2.5 3.4 4.8 6.9 6.5 6.5 3.6 3.7 5.9 Net equity inflows 50.7 63.2 69.3 89.7 168.1 207.9 234.0 206.8 166.3 268.2 Net FDI inflows 48.9 59.4 56.8 70.4 142.4 151.7 198.9 214.1 137.5 227.7 Net portfolio equity inflows 1.8 3.8 12.5 19.3 25.7 56.2 35.1 –7.3 28.9 40.5 Net debt flows 30.9 –13.6 6.6 37.3 40.9 30.7 67.6 4.9 69.0 178.9 Official creditors 3.1 –7.7 –7.2 –5.2 –3.3 –9.3 –3.4 –1.0 3.7 3.4 World Bank 0.9 –1.7 –1.5 –1.9 –0.6 –0.4 –0.3 1.2 2.2 2.7 IMF –2.5 –2.7 –0.5 –1.6 –1.6 –8.5 0.0 0.0 0.1 0.0 Other official 4.7 –3.3 –5.2 –1.7 –1.1 –0.4 –3.1 –2.1 1.3 0.8 Private creditors 27.9 –5.9 13.8 42.5 44.2 40.0 71.0 5.9 65.3 175.5 Net medium and long term debt flows –13.5 –12.3 –10.3 9.1 9.3 14.9 19.0 17.3 1.8 33.9 Bonds 0.4 0.1 1.7 9.6 10.1 4.0 1.2 1.2 8.4 20.8 Banks and other private –13.9 –12.4 –12.0 –0.4 –0.7 10.9 17.8 16.1 –6.6 13.1 Net short term debt flows 41.4 6.5 24.1 33.4 34.8 25.1 52.1 –11.4 63.5 141.5 Change in reserves (- = increase) –49.8 –92.8 –139.8 –237.1 –217.7 –295.4 –541.2 –432.2 –535.0 –551.0 Memorandum items Workers remittances 21.0 27.0 32.3 40.0 50.3 57.4 71.0 85.4 86.0 92.0 Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development. 14 O V E R V I E W companies, accounted for three quarters. Cor- borrowers prior to the crisis keep the external debt porates in the Philippines and Thailand raised service to export ratio unchanged at 24 percent. $1 billion and $1.9 billion respectively. Amongst Financing from official creditors slowed public sector borrowers the Philippines was the considerably in 2010 with gross disbursements most active with total issuance of $6.6 billion, down 30 percent from 2009. The primary fac- 21 percent higher than 2009 and Vietnam came tor was the reduction in purchases (disburse- to the market with a debut $1 billion sovereign ments) from the IMF by Romania and Ukraine bond. For most countries in the region financing which totaled $9.1 billion in 2010 compared to from official creditors is limited. The exception is $15.6 billion in 2009. Gross disbursement by Vietnam, where gross disbursements from official other multilateral creditors fell by 8 percent in creditors accounted for 72 percent of those to 2010 although those from IBRD rose 8 percent public sector borrowers in 2010. It was the third to $5.4 billion, of which Turkey received just largest recipient of IDA disbursements in 2010 over half. Bond issuances by both public and ($0.9 billion) and received disbursements of $0.7 private agencies soared to $49 billion from $18 billion from IBRD. billion in 2009. Issuance by public sector bor- Net equity flows rose by 61 percent in 2010, rowers more than doubled from $15 billion in underpinned by a 66 percent increase in FDI 2009 to $32 billion while that of private sector inflows and 40 percent rise in portfolio equity borrowers rose almost six fold from $3 billion inflows. China dictated the trend, accounting for in 2009 to $17 billion. Russia was the main 81 percent of FDI inflows and 78 percent of port- driver, where issuance by its public sector bor- folio equity inflows to the region in 2010. Indo- rowers totaled $16 billion in 2010, including a nesia’s growth prospects, improved credit ratings, sovereign issue of $5.5 billion in 5 and 10 year and large domestic market attracted investors and notes, the first since 1998 and Russian corpo- FDI increased 173 percent over its 2009 level to rate issuance totaled $12 billion. Ukraine came $13 billion, directed at transport, communications back to the Eurobond market for the first time and the mining sector and FDI into Malaysia’s oil since 2007 and there were debut sovereign issues and gas and financial sectors jumped to $10 bil- by Albania, Belarus, Georgia and Montenegro. lion from $1 billion in 2009. Net portfolio flows Most countries reported increased short term to China grew by a relatively moderate 11 percent, debt inflows in 2010, but they were heavily but those to the rest of the region surged to $9.1 concentrated: Turkey accounted for 62 percent billion ($0.7 billion in 2009) with Indonesia ($2.1 of the regional total. Russia and the Ukraine billion), Thailand ($3.4 billion) and Vietnam ($2.4 reported short term debt inflows of $6.8 billion billion) the principal beneficiaries. and $6.4 billion, respectively in 2010 compared to outflows of $22.3 billion and $1.1 billion in Europe and Central Asia 2009. Medium term flows from banks returned Net capital inflows increased 66 percent in 2010 to negative territory in 2010 with an outflow of to $173 billion, 5.8 percent of GNI, with debt $7.9 billion, from an inflow of $16.4 billion in inflows from private creditors both short-term 2009. Gross disbursements increased 10 percent, debt and bond issuance more than offsetting the but were offset by a 30 percent rise in principal reduction in inflows from official creditors and repayments, notably by private sector borrowers continued declined in net equity flows. Despite in Russia and the Ukraine, on loans contracted this rebound net capital flows were only 40 per- prior to the global economic crisis. cent of their pre-crisis level (table 11). FDI inflows to the region in 2010 were little Countries in the region are, on average, the changed from their 2009 level. Although they rose most heavily indebted of all developing countries, 20 percent in Russia, the third largest recipient of but the ratio of external debt stock to exports FDI among developing countries, to $45 billion improved to 122 percent from 141 percent in they remained well below their 2008 level ($75 2009 as growth picked up and exports earnings billion) and in Kazakhstan they fell 30 percent as rose 17 percent in dollar terms over their 2009 investment into the hydro-carbon sector slowed level. However, increased debt service payments, and other investment in other sectors failed to particular on debt contracted by private sector take off. The 2009 resurgence in portfolio equity 15 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Table 11. Net Capital Inflows to Europe and Central Asia, 2001–10 $ billions Inflows 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net private and official inflows 21.4 38.1 82.9 104.1 135.3 248.9 424.1 313.0 104.0 172.8 Percent of GNI 3.1 4.8 8.3 7.9 8.1 12.3 16.1 9.7 4.1 5.8 Net equity inflows 14.6 17.1 25.6 44.4 58.6 106.6 163.2 146.9 92.3 85.4 Net FDI inflows 14.0 14.3 24.1 42.6 52.0 94.3 136.2 162.2 85.9 86.3 Net portfolio equity inflows 0.6 2.8 1.6 1.8 6.7 12.3 27.0 –15.3 6.4 –0.8 Net debt flows 6.7 21.0 57.3 59.7 76.6 142.2 260.9 166.0 11.7 87.4 Official creditors 6.6 3.9 –4.9 –7.6 –28.5 –30.4 –2.3 12.0 35.7 22.6 World Bank 2.0 1.0 –0.3 1.0 –0.7 0.2 0.2 0.7 3.0 3.5 IMF 6.1 4.8 –2.0 –5.9 –9.8 –5.8 –5.0 7.0 20.5 9.4 Other official –1.5 –1.9 –2.5 –2.7 –18.0 –24.8 2.6 4.3 12.2 9.8 Private creditors 0.2 17.1 62.2 67.2 105.1 172.6 263.2 154.1 –24.0 64.8 Net medium and long term debt flows 0.6 14.7 34.2 53.5 84.4 128.4 190.7 160.9 14.5 19.2 Bonds –0.4 3.1 7.3 14.6 16.8 34.0 60.0 16.4 –1.8 27.1 Banks and other private 1.0 11.6 27.0 38.9 67.6 94.4 130.7 144.5 16.4 –7.9 Net short term debt flows –0.4 2.4 27.9 13.7 20.8 44.3 72.5 –6.9 –38.5 45.5 Change in reserves (– = increase) –11.3 –28.8 –49.3 –69.3 –87.3 –174.0 –227.5 57.9 –26.6 –66.2 Memorandum items Workers remittances 8.7 8.8 9.1 12.7 19.7 24.9 38.7 45.0 36.1 36.0 Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development. inflows to the region was not repeated. Inflows from bilateral and multilateral creditors, including to Turkey rose 25 percent to $3.5 billion, but this a tripling of purchases (disbursements) from the did little to offset the collapse in comparable flows IMF under ongoing programs with the Dominican to Russia (the only other country in the region Republic, Haiti, Jamaica and Nicaragua. Gross where portfolio equity flows are significant) which disbursements from IBRD continued their upward turned sharply negative: –$4.8 billion as compared trajectory, but rose only 3 percent in 2010, as to an inflow of $3.4 billion in 2009. compared to their spectacular, 90 percent jump in 2009, and remained highly concentrated with 69 Latin America and the Caribbean percent going to Argentina, Brazil and Mexico. Net capital flows to the region surged to $319 bil- Bond issuance by public sector borrowers totaled lion in 2010, 6.7 percent of GNI, well above their $22 billion, down 31 percent from its 2009 level, highest pre-crisis level. Driving this rebound was but issuance by private sector borrowers skyrock- the fourfold increase in private capital flows, a eted to $53 billion, two and a half times its 2009 rapid rise in net short term flows and turnaround level, of which $32 billion was issued by Brazilian in medium term bank financing, and a 44 percent corporates: divided half and half between the finan- increase in FDI inflows. The region was also one cial sector and the country’s largest companies, of only two (Sub-Saharan Africa the other) to including Telemar Norte Leste and Vale. Corporate record an increase in net debt inflows from official issuance in Mexico doubled to $11 billion and in creditors in 2010 (table 12). Peru it tripled to $3 billion over 2009. Short term The 16 percent increase in external debt stock debt inflow soared to $67 billion, a record high in 2010 outpaced the rise in export earnings and and almost three times its pre-crisis level in 2007, the ratio of external debt stock to exports deterio- but was highly concentrated with three countries, rated to 102 percent, from 85 percent in 2008, but Argentina, Brazil and Mexico accounting for 86 external debt stock in relation to GNI remained percent of the regional total. Unlike most regions moderate at 22 percent. Latin America and the Caribbean also registered Net inflows from official creditors increased 20 a sharp increase in the net inflow of medium term percent over their 2009, much larger than to any financing from commercial banks in 2010. These other region, driven by higher gross disbursements flows, which rose to $27 billion in 2010, from a 16 O V E R V I E W Table 12. Net Capital Inflows to Latin America and the Caribbean, 2001–10 $ billions Inflows 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net private and official inflows 86.2 52.6 59.8 57.9 93.8 68.7 208.3 181.9 173.7 318.6 Percent of GNI 4.5 3.1 3.3 2.8 3.7 2.3 5.9 4.4 4.5 6.7 Net equity inflows 74.4 56.8 46.2 66.3 85.8 83.0 139.3 120.4 119.9 153.9 Net FDI inflows 71.8 55.3 42.9 66.8 73.5 72.0 110.4 130.0 78.3 112.6 Net portfolio equity inflows 2.5 1.4 3.3 –0.6 12.2 11.0 28.8 –9.7 41.6 41.3 Net debt flows 11.9 –4.2 13.5 –8.4 8.1 –14.3 69.0 61.6 53.8 164.7 Official creditors 20.6 12.4 4.7 –10.1 –31.3 –19.9 –1.1 6.5 17.9 21.4 World Bank 1.3 –0.6 –0.4 –1.0 –0.7 –3.4 –0.1 2.4 6.6 8.3 IMF 15.6 11.9 5.6 –6.3 –27.6 –12.1 0.0 0.0 0.4 1.3 Other official 3.8 1.1 –0.4 –2.9 –3.0 –4.4 –1.0 4.1 10.9 11.8 Private creditors –8.8 –16.6 8.8 1.7 39.4 5.6 70.1 55.0 35.9 143.3 Net medium and long term debt flows 6.6 –10.4 7.5 1.1 19.0 5.1 47.1 49.4 40.4 76.2 Bonds 9.8 1.9 16.7 2.5 21.6 –11.2 12.6 9.0 40.7 48.8 Banks and other private –3.3 –12.2 –9.2 –1.3 –2.6 16.3 34.6 40.4 –0.3 27.4 Net short term debt flows –15.3 –6.2 1.3 0.6 20.4 0.5 23.0 5.7 –4.5 67.2 Change in reserves (– = increase) –0.9 –2.6 –35.6 –25.4 –34.4 –55.5 –137.8 –50.1 –54.1 –90.2 Memorandum items Workers remittances 24.4 28.1 36.8 43.3 49.8 58.8 62.9 64.4 56.6 57.2 Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development. small outflow in 2009 went to both public and tially offset by the rapid rise in net debt inflows. private sector borrowers, but were concentrated Although these rose by 84 percent they constituted largely in Brazil and Mexico. only 13 percent of total net capital flows to the FDI inflows rose 44 percent in 2010 to $113 region in 2010 (table 13). billion, above their 2007 level, but still 13 percent Debt indicators are moderate on account of below their peak in 2008. With the exception of the preponderance of equity in net capital flows Venezuela all countries in the region reported ris- to the region throughout the past decade and ing FDI flows in 2010. The main driver was Brazil relatively robust export earnings. The ratio of debt where inflows rose to $48 billion, close to double stock to exports was 43 percent in 2010, lower their 2009 level on the back of the country’s very than all other regions except East Asia and Pacific strong fundamentals. Mexico, the region’s second and international reserves are high in relation to largest recipient of FDI, reported inflows of $19 external debt stock, 227 percent at end 2010. billion, up 22 percent over their 2009 level. Fol- Net debt flows from official creditors fell 50 lowing the surge in 2009, portfolio equity inflows percent in 2010 to $1.2 billion driven down by a slowed as countries across the region took mea- slowdown in gross disbursements to Egypt and sures aimed at mitigating risks of volatility asso- Morocco, including a 33 percent reduction in ciated with these flows. Inflow to Brazil, $37.7 IBRD disbursements to Morocco. This was in part billion, was largely unchanged from 2009 while offset by an increase in IBRD disbursements to inflow to Mexico dropped to $0.6 billion in 2010 other countries, but overall they fell by 13 percent from $4.2 billion in 2009. to the region in 2010. The net inflow from other official creditors also dropped sharply in 2010, due Middle East and North Africa to lower disbursements and increased principal The region was the only one of the six regions to payments, but it remained positive. For much of record a fall in net capital inflows in 2010. They the past decade net flows from bilateral creditors fell 10 percent to $26.2 billion and 2.6 percent of were negative on account of large principal pay- GNI from 3.2 percent of GNI in 2009 on account ments on debt restructuring agreements concluded of the decline in net equity flows. It was only par- in the nineties with Paris Club and other bilateral 17 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Table 13. Net Capital Inflows to Middle East and North Africa, 2001–10 $ billions Inflows 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net private and official inflows 4.4 10.3 13.5 12.9 19.4 14.5 29.6 21.0 29.2 26.2 Percent of GNI 1.2 2.7 3.3 2.7 3.6 2.3 3.9 2.3 3.2 2.6 Net equity inflows 3.9 7.6 10.2 10.4 19.2 28.2 25.5 29.6 27.3 22.7 Net FDI inflows 4.0 8.1 10.0 9.7 16.8 27.2 27.6 29.2 26.1 22.7 Net portfolio equity inflows 0.0 –0.5 0.2 0.7 2.4 1.0 –2.1 0.4 1.2 0.0 Net debt flows 0.5 2.7 3.4 2.5 0.2 –13.7 4.1 –8.6 1.9 3.5 Official creditors –1.4 –1.9 –2.0 –3.4 –3.2 –11.3 1.1 –1.8 2.4 1.2 World Bank –0.1 –0.3 –0.3 –0.6 0.0 –0.8 1.0 –0.3 0.9 0.8 IMF –0.1 –0.3 –0.6 –0.5 –0.7 –0.2 –0.1 –0.1 –0.1 0.0 Other official –1.3 –1.4 –1.2 –2.3 –2.4 –10.3 0.2 –1.4 1.6 0.4 Private creditors 1.9 4.6 5.4 6.0 3.4 –2.5 3.0 –6.8 –0.5 2.3 Net medium and long term debt flows 4.9 5.3 0.8 2.7 3.1 –1.7 –0.5 –2.7 –2.0 1.2 Bonds 4.4 5.2 0.7 2.8 2.5 0.8 0.7 –0.8 0.1 3.2 Banks and other private 0.5 0.0 0.1 0.0 0.6 –2.5 –1.3 –1.8 –2.1 –1.9 Net short term debt flows –3.0 –0.7 4.6 3.2 0.3 –0.8 3.5 –4.2 1.6 1.1 Change in reserves (– = increase) –9.3 –12.6 –23.2 –14.7 –38.9 –37.8 –48.0 –43.4 –24.2 –24.1 Memorandum items Workers remittances 11.9 14.9 19.9 22.6 23.6 25.1 31.0 34.7 32.4 31.0 Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Eco- nomic Co-operation and Development. creditors by several countries, in particular Alge- The 2010 story on FDI inflows was mixed. Egypt, ria, Egypt, and Morocco. Net debt inflows from the region’s largest recipient of FDI, registered a private creditors turned positive in 2010 for the 14 percent decline in FDI inflows to Lebanon were first time since 2007 to $2.3 billion on account unchanged from their 2009 level and Iran saw FDI of $5.5 billion in bond issuance including sover- inflows, mainly to the oil and gas sector, increase eign issues by Egypt ($1.5 billion), Morocco (€1 by a further 20 percent, following their 87 percent billion 10-year note; the country’s first sovereign surge in 2009. In Morocco FDI inflows were down issue since 2007), and Jordan ($750 million 37 percent and those to Syria down 46 percent 5-year, fixed-rate debut sovereign issue). Medium from their 2009 level. term inflows from commercial banks were little changed from 2009 and remained negative. The South Asia net inflow of short term debt fell, but there were Net capital inflows to the region rose 29 percent in divergent trends across the region. Short term 2010 on the back of a 92 percent surge in net port- inflows into Egypt returned to their 2008 level, folio equity flows and more than doubling of net $0.6 billion compared to an outflow of $0.3 bil- debt flows from private creditors, driven by both lion in 2009 and Lebanon recorded an inflow of bond issuance and short term debt inflows. But $0.4 billion compared zero short term debt flows at 5.5 percent of GNI net capital flows remained in 2009. In contrast net short term flows to Iran below their pre-crisis peak, 7.7 percent of GNI in contracted sharply to $0.2 billion (from $0.9 2007 (table 14). billion in 2009) and those to Morocco turned The ratio of external debt stock, and debt ser- Morocco falling to –$0.4 billion compared to a vice, to exports are low, on average 94 percent and positive inflow of $0.5 billion in 2009. 6 percent respectively, in 2010, but there are impor- Net equity inflows declined 17 percent in tant differences between countries: for example 2010. Egypt and Lebanon, where portfolio equity India had an external debt stock to export ratio in flows are concentrated, saw flows dry up in 2010, 2010 of 81 percent while that of Pakistan was 199 compared to a net inflow of $1.2 billion in 2009. percent. The comparable debt service-to-export 18 O V E R V I E W Table 14. Net Capital Inflows to South Asia, 2001–10 $ billions Inflows 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net private and official inflows 8.1 7.5 14.5 21.3 28.7 77.1 116.3 64.8 86.2 111.6 Percent of GNI 1.3 1.1 1.9 2.3 2.7 6.5 7.7 4.2 5.1 5.3 Net equity inflows 8.9 7.9 13.5 16.8 23.6 36.5 66.7 35.2 59.9 67.4 Net FDI inflows 6.1 6.8 5.5 7.8 11.2 26.1 32.7 51.1 39.4 28.0 Net portfolio equity inflows 2.8 1.1 8.0 9.0 12.4 10.4 34.0 –15.8 20.5 39.4 Net debt flows –0.9 –0.4 1.0 4.4 5.0 40.6 49.5 29.6 26.3 44.2 Official creditors 2.1 –2.3 –4.1 –0.2 2.9 3.6 4.4 8.8 11.0 9.6 World Bank 1.5 –1.0 –2.3 2.3 2.3 2.0 2.0 1.4 2.4 3.3 IMF 0.3 0.1 –0.1 –0.3 0.0 –0.1 –0.1 3.2 3.6 2.0 Other official 0.3 –1.3 –1.8 –2.3 0.6 1.7 2.5 4.2 5.0 4.4 Private creditors –3.0 2.0 5.1 4.7 2.1 37.1 45.1 20.7 15.3 34.5 Net medium and long term debt flows –2.1 0.1 3.1 4.0 –0.2 20.2 32.2 12.9 12.7 22.9 Bonds –0.4 –0.7 –3.7 3.9 –2.8 6.4 10.7 1.7 1.9 10.1 Banks and other private –1.6 0.8 6.8 0.1 2.7 13.9 21.5 11.2 10.8 12.8 Net short term debt flows –0.9 1.8 2.0 0.7 2.3 16.8 12.9 7.9 2.6 11.7 Change in reserves (– = increase) –10.2 –28.0 –36.9 –27.6 –6.8 –41.7 –103.8 26.3 –39.3 –22.3 Memorandum items Workers remittances 19.2 24.1 30.4 28.7 33.9 42.5 54.0 71.6 75.1 82.2 Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development. ratio was 6 percent and 15 percent, respectively. related flows from private creditors were evenly Reliance on multilateral creditors is high: the aver- balanced between medium and short term financ- age share of public and publicly guaranteed debt ing from commercial banks and bond issuance, owed to multilateral creditors (including the IMF) but 96 percent of these flows went to India. Bond was 57 percent at end 2010. issuance by public sector borrowers in India rose Countries in South Asia are relatively poor to $11 billion in 2010 from $1.8 billion in 2009. and reliant, in large measure, on financing from Sri Lanka returned to the markets in September official sources, including grants. Gross debt 2010 with its third sovereign issue since 2007, a related flows from official creditors fell 4 percent heavily oversubscribed $1 billion 10 year note for in 2010 despite the more than twofold increase in infrastructure and debt refinancing. disbursements by IBRD. Disbursements on IDA The 12 percent rise in net equity flows to the loans declined 33 percent and IMF purchases region in 2010 masked divergent trends in FDI (disbursements) 42 percent with most of the and portfolio equity flows with the former down downturn in Pakistan which saw net inflows from 29 percent, and the latter up 92 percent, in rela- official creditors drop to $1.8 billion from $5.7 tion to their 2009 level. India totally dominated billion in 2009. In part this was due to prior year the regional picture: when India is excluded net frontloading of budgetary and emergence support equity flows to the region were unchanged from from IDA, but delays in implementing the IMF 2009 at $3.2 billion. FDI inflows to India fell a program approved in November 2008 and slow- further 32 percent in 2010: policy and procedural down in lending by other bilateral and multilateral issues, delays in opening the retail and insurance creditors, including the Asian Development Bank, sectors to foreign investors, poor infrastructure, compounded the problem. India was the principal licensing issues, and a series of widely reported beneficiary of increased IBRD financing to the corruption cases are cited as factors behind inves- region. It saw gross flows from official creditors tors’ reticence to commit to new long term invest- rise by 44 percent to $8.6 billion in 2010, of which ments. In sharp contrast portfolio equity inflows to almost 40 percent came from IBRD. Net debt India surged to $40 billion, a 90 percent increase 19 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 from 2009, driving not only the regional, but also which $9 billion was forgiven (see box 1). On a the global trend. bilateral basis Paris Club creditors committed to forgive an additional $4 billion. Sub-Saharan Africa Many countries in the region remain on the Net capital flows to Sub-Saharan Africa rose 16 margin of international capital markets and depen- percent in 2010 driven by a 33 percent increase dent on financing from official credits, including in net debt inflows on loans from official credi- grants. Net debt inflows from official creditors tors and a resumption of short-term debt inflows. rose 33 percent in 2010 to $13 billion as a result These were partially offset by a 14 percent fall in of a sharp increase in gross disbursements by both net equity inflows. Measured in terms of GNI net multilateral and bilateral creditors. IDA, the single capital flows, at 5.2 percent, were unchanged from most important multilateral creditor to the region, their 2009 level (table 15). disbursed $6 billion in 2010 (in loans and grants). Debt indicators have improved significantly IMF purchases fell by 45 percent from 2009, but since 2000 due to economic reforms, a favorable twenty two countries received IMF financing in external environment, increased aid, restructur- 2010 with Angola, the Democratic Republic of ing of debt, and outright debt forgiveness. When the Congo, Cote d’Ivoire, and Ghana among the South Africa is excluded, the ratio of external debt largest recipients. Bilateral creditors, mostly non- stock to exports and to GNI was 58 percent and OECD countries, notably China, are an increas- 24 percent respectively at end 2010, compared to ing important source of financing particularly in 250 percent and 98 percent, respectively in 2000. mineral rich countries. Gross disbursements from Five more countries reached the HIPC Completion bilateral creditors rose 83 percent in 2010 to $7.2 Point in 2010, bringing to 26 out of 33 eligible billion, only marginally less than the $7.4 billion African countries that have completed the HIPC in gross disbursements from multilateral creditors. process and benefitted from HIPC and MDRI debt South Africa was the only country in the region relief. Countries in the region restructured $13.2 to tap the international bond markets in 2010 billion owed to Paris Club creditors in 2010 of with a $2 billion heavily over-subscribed 10 year Table 15. Net Capital Inflows to Sub-Saharan Africa, 2001–10 $ billions Inflows 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net private and official inflows 10.9 10.4 15.0 24.2 33.6 38.7 53.4 42.6 46.4 53.4 Percent of GNI 3.5 3.2 3.6 4.7 5.6 5.4 6.6 4.6 5.2 5.2 Net equity inflows 13.0 10.7 14.3 17.8 26.6 33.0 38.4 31.8 43.0 36.8 Net FDI inflows 13.9 11.1 13.6 11.2 18.6 16.2 28.3 37.5 32.8 28.8 Net portfolio equity inflows –0.9 –0.4 0.7 6.7 8.1 16.8 10.1 –5.7 10.2 8.0 Net debt flows –2.1 –0.4 0.7 6.4 7.0 5.7 14.9 10.9 3.4 16.6 Official creditors 0.0 2.7 1.4 2.3 –0.9 –1.7 2.8 4.9 9.8 13.0 World Bank 1.8 2.2 2.2 2.5 2.4 2.2 2.4 1.9 3.1 4.0 IMF 0.1 0.5 0.0 –0.1 –0.4 –0.1 0.1 0.7 2.2 1.2 Other official –1.9 0.1 –0.7 0.0 –2.9 –3.8 0.3 2.3 4.5 7.9 Private creditors –2.1 –3.0 –0.8 4.0 7.9 7.4 12.1 6.0 –6.4 3.5 Net medium and long term debt flows 0.0 –1.2 0.9 2.7 4.9 –2.0 7.8 1.5 3.5 2.1 Bonds 1.9 1.5 0.4 0.6 1.3 0.3 6.5 –0.7 1.9 1.4 Banks and other private –1.9 –2.7 0.5 2.1 3.5 –2.4 1.3 2.2 1.6 0.7 Net short term debt flows –2.1 –1.8 –1.7 1.4 3.0 9.4 4.3 4.5 –9.9 1.5 Change in reserves (– = increase) –0.2 –0.6 –3.6 –21.6 –20.0 –32.4 –26.9 –10.9 –2.7 1.8 Memorandum items Workers remittances 4.8 5.2 6.2 8.3 9.6 12.8 18.7 21.7 20.2 21.1 Sources: World Bank Debtor Reporting System; International Monetary Fund; Bank for International Settlements; and Organisation for Economic Co-operation and Development. 20 O V E R V I E W sovereign issue. It also recorded a net inflow of of the data presented in Global Development $1.0 billion in medium term bank financing com- Finance (box 3). pared to a net outflow of $0.3 billion from other countries in the region. In sharp contrast to the Trends in IBRD Financing outflow of $9.9 billion outflow in 2009, short term New IBRD loan commitments signed in 2010 debt turned positive in 2010 ($1.5 billion), but totaled $32 billion, down 12 percent from their there were disparate trends at the country level: all-time high of $36 billion in 2009. Almost 40 Angola, Nigeria and South Africa saw the larg- percent of 2010 commitments went to countries est outflow while Ethiopia, Ghana, and Zambia in Latin America and the Caribbean, with Brazil recorded the largest net inflow. the single largest recipient ($5.4 billion) among FDI into the region, directed mainly to the all IBRD borrowers, but overall commitments minerals and metals sector, constituted two-thirds to this region were 9 percent below their 2009 of net capital flows (excluding grants) between level. Countries in the Middle East and North 2001 and 2010. It fell by 12 percent in 2010 Africa and Sub-Saharan Africa recorded a sharp largely on account of lackluster performance of rise in IBRD commitments in 2010 driven primar- FDI inflows to South Africa, $1.5 billion com- ily by an near doubling of lending to Egypt and pared to $5.4 billion the previous year, reflecting Morocco and $3.8 billion extended to South Afri- investor concerns over possible nationalization ca’s power utility company, Eskom. In all other and power constraints. Excluding South Africa regions 2010 commitments were lower than the FDI to the region was up 7 percent in 2010 on previous year with South Asia seeing the biggest account of increased South-South FDI particularly to the hydro-carbon sector and extractive indus- tries. The 21 percent decline in net portfolio equity flows was also driven by the sharp drop in flows to South Africa which fell to $5.8 billion ($9.4 bil- Box 3. World Bank Group Financing to lion in 2009). This was partially offset by a rapid Developing Countries in 2010 rise in portfolio equity flows to Nigeria which topped $2 billion in 2010 ($0.5 billion in 2009) Financing from the World Bank Group takes where foreign investors are rebuilding their invest- a variety of forms: loans and guarantees from IBRD and loans, grants and guarantees from ment positions to pre-crisis levels. IDA to the public sector of the borrowing country; loans and equity financing from IFC to the private sector; and investment guaran- tees from MIGA. Annex A. Trends in IBRD and IDA Financing by the World Bank Group Financing to Developing Countries is captured in the data presented in Global in 2010 Development Finance as follows: F inancing from IBRD and IDA is the most important source of multilateral financing to public sector borrowers in developing countries • Loans from IBRD and IDA constitute part of the borrowing country’s public and pub- licly guaranteed debt and are also separately across the globe. In 2010 these two institutions identified by source. of the World Bank Group extended $43 billion • Grants provided by IDA are recorded in in new commitments and made disbursements official grants. (from 2010 commitments and the undisbursed • Loan financing from IFC is recorded as part pipeline of commitments made in prior years) of of private non-guaranteed debt. $34 billion. This was equivalent to 53 percent • Equity financing from IFC and investments and 39 percent respectively of the commitments guaranteed by MIGA are recorded as part of and disbursements from all multilateral institu- foreign direct investment. tions to public sector borrowers in 2010. The IBRD and IDA guarantees do not represent World Bank Group provides financial support financing and are only recorded as a flow of in other forms to public and private sector bor- funds if the guarantee is invoked. rowers and it is captured in several components 21 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 fall as commitments to India fell back to $2 billion Figure 11. IBRD Disbursements, Regional from their record $5.8 billion in 2009 when India Distribution, 2008–10 was the single largest recipient of all IBRD bor- $ millions rowers. The concentration of IBRD commitments 12,000 increased: 10 borrowers accounted for 85 percent 10,000 of new IBRD loans in 2010 compared to 75 per- 8,000 cent to the top ten borrowers in 2009. 6,000 Disbursements by IBRD from commitments 4,000 2,000 made in 2010 and the undisbursed pipeline of 0 commitments made in prior years continued their d si a fic ia a a an n ci As ric ric upward trajectory in 2010, but at a much slower a a ic be lA Pa th Af Af ra th an er rib en t e u or th So ar pace than the previous year, rising by 16 percent to Am a C d N ah n eC ti h d an d S $26 billion, as compared to the 67 percent increase an ia an b- La t st Su pe As ro st Ea recorded in 2009. Disbursements to all regions Eu Ea dl e id rose with the exception of Middle East and North M Africa. IBRD disbursements to countries in South 2008 2009 2010 Asia and East Asia rose by 127 percent and 21 Source: World Bank Debtor Reporting System. percent respectively, driven by increased lending to India ($3.3 billion in 2010 up from $1.4 billion in 2009) and by disbursements of $0.7 billion under Figure 12. Top Ten Recipients of IBRD the new IBRD lending program to Vietnam. IBRD Disbursements, 2009 and 2010 disbursements to Sub-Saharan Africa were almost $ millions three times those of 2009, albeit from a very low base, and concentrated largely in South Africa. Brazil India IBRD disbursements to Latin American and the Turkey Caribbean and Europe and Central Asia rose mod- Mexico erately in 2010, but the combined share of aggre- Indonesia gate IBRD disbursements to these regions increased Kazakhstan to 63 percent from 50 percent in 2009 (figure 11). China IBRD disbursements remained heavily con- Colombia centrated with 78 percent going to the top ten bor- Argentina rowers in 2010 (up from 76 percent in 2009). The Egypt top ten recipients were little changed from those 0 1,000 2,000 3,000 4,000 5,000 6,000 of 2009: only Romania dropped from the list with 2009 2010 Kazakhstan the new entrant (figure 12). The total amount of debt outstanding and disbursed to coun- Source: World Bank Debtor Reporting System. tries reporting to the World Bank Debtor Reporting System by IBRD stood at $125 billion at end 2010. Of this amount over half (57 percent) was owed performance-based allocation system that also by six borrowers: in order of importance, Brazil, takes account of the size of the population and China, Mexico, Turkey, India and Indonesia. GNI per capita. IDA recipient countries in the top performance quintile receive around three times Trends in IDA Financing the commitment per capita as those in the lowest IDA resources are reserved for the world’s poor- quintile. At the same time the distribution of IDA est countries, and its operations are concentrated resources among the 79 IDA eligible countries is primarily in South Asia and Sub-Saharan Africa. highly concentrated: four countries, in order of New loan commitments from IDA rose by 8 importance, India, Tanzania, Vietnam, and Ban- percent in 2010 to $11.3 billion, less than the 15 gladesh, absorbed almost half of new IDA loan percent increase recorded in 2009. IDA resources commitments in 2010, and the top ten recipients are allocated to individual countries using a accounted for 76 percent of the total. 22 O V E R V I E W Disbursements on IDA loans fell by 11.4 Figure 13. IDA Disbursements (Loans and Grants), percent in 2010 to $7.7 billion and those on Regional Distribution, 2008–10 IDA grants slightly more, 11.9 percent, to $2.2 $ millions billion, but the downturn was not uniform 6,000 across all regions. IDA disbursements (loans and 5,000 grants) to countries in Sub-Saharan Africa rose by 5 percent and their share of aggregate IDA 4,000 disbursements increased to 54 percent from 46 3,000 percent in 2009. IDA eligible countries in Europe 2,000 and Central Asia, Latin America and the Carib- bean and the Middle East and North Africa saw 1,000 IDA disbursements increase by an average of 0 Sub-Saharan South Asia East Asia and Other regions 12 percent, driven in particular by higher IDA Africa the Pacific grant disbursements to Haiti and Yemen and 2008 2009 2010 increased IDA loan disbursements to Bosnia and Herzegovina and Moldova. However, the share Source: World Bank Debtor Reporting System. of IDA resources going to these regions remained moderate. Only 10 percent of total IDA dis- bursements went to the three regions combined. Figure 14. Top Ten Recipients of Gross IDA Dis- South Asia, the second most important destina- bursements (Loans and Grants), 2009 and 2010 tion for IDA resources after Sub-Saharan Africa, $ millions saw IDA disbursements fall 34 percent in 2010, India largely as a consequence of a precipitous drop in Nigeria disbursements to Pakistan, which fell to around Vietnam one third their 2009 level (to $371 million from Tanzania $1,177 million in 2009), a consequence of prior Ethiopia year frontloading of fast disbursing development Pakistan policy loans and emergency assistance, and a Bangladesh more moderate, 15 percent fall in disbursements Uganda to India. IDA disbursements to countries in East Ghana Asia and the Pacific region were also down 29 Congo, Dem. Rep percent from their 2009 level due almost entirely 0 200 400 600 800 1,000 1,200 1,400 to the 29 percent decline in disbursements to 2009 2010 Vietnam (figure 13), a positive reflection of the Source: World Bank Debtor Reporting System. country’s creditworthiness and start of the transi- tion to financing from IBRD and other market based sources. Ten recipient countries received 60 percent The outstanding IDA loan portfolio ($119 of total IDA disbursements (loans and grants billion at end 2010) is heavily concentrated, with combined) compared to 65 percent in 2009. Only five East and South Asian countries accounting one of the top ten recipients in 2009, Afghanistan, for a little over half of the total (53 percent). In dropped out of the group in 2010, with Ghana order of importance they were India, Bangla- the new entrant. India was again the largest desh, Pakistan, China, and Vietnam. This is in recipient of IDA disbursements, but its share of part a consequence of the fact that thirty-two the total fell slightly to 10.8 percent (11.3 percent countries, primarily in Sub-Saharan Africa, had in 2009). By contrast, Nigeria rose to the second reached the Highly Indebted Poor Countries most important recipient of IDA in 2010, from (HIPC) Completion Point by end 2010 and ben- sixth in 2009, increasing its share of total IDA efited from debt relief from IDA under the HIPC disbursements, to 10.8 percent from 4.4 percent and Multilateral Debt Relief Initiative (MDRI). in 2009 (figure 14). African countries with the largest share of the 23 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 outstanding IDA portfolio at end 2010 were public sector borrowers, or benefitting from a public sector Nigeria ($3.7 billion), Kenya ($3.2 billion) and guarantee, are categorized as public and publicly guaranteed debt. Loans contracted by private sector borrowers without Tanzania ($3.2 billion). any public sector guarantee constitute private non guaran- teed debt. 2. Borrowers with outstanding obligations to IBRD classified as high-income countries and not included in the Notes DRS are Barbados, Croatia, Estonia, Hungary, Republic of 1. External loans to developing countries are extended Korea, Poland, Slovak Republic, Slovenia, and Trinidad and by both official and private creditors. Loans contracted by Tobago. 24 . Summary Tables S U M M A R Y T A B L E S Summary Table 1. Key indebtedness indicators, 2008–10 Ratio of total Ratio of present Total external Present value external debt value of debt to Ratio of total Ratio of present debt, 2010 of debt, 2010 to exports of goods exports of goods external debt value of debt Country ($ millions) ($ millions) and services (%) and services (%) to GNI (%) to GNI (%) Afghanistan 2,297 721 67 21 21 6 Albania 4,736 3,616 115 88 39 30 Algeria 5,276 4,687 6 5 3 3 Angola 18,562 15,787 26 22 26 22 Argentina 127,849 121,281 158 150 40 37 Armenia 6,103 4,687 238 183 60 46 Azerbaijan 6,974 3,894 25 14 16 9 Bangladesh 24,963 15,886 132 84 26 16 Belarus 25,726 23,088 83 75 47 42 Belize 1,045 784 129 96 84 63 Benin 1,221 852 101 70 18 13 Bhutan 898 714 109 87 69 55 Bolivia 5,267 2,999 72 41 31 17 Bosnia and Herzegovina 8,457 6,716 120 95 47 37 Botswana 1,709 1,141 28 19 13 9 Brazil 346,978 326,721 155 146 20 19 Bulgaria 48,077 44,915 170 159 102 95 Burkina Faso 2,053 1,538 225 169 25 19 Burundi 537 194 418 151 39 14 Cambodia 4,676 3,652 75 59 46 36 Cameroon 2,964 1,194 47 19 13 5 Cape Verde 857 455 136 72 56 29 Central African Republic 385 246 119 76 19 12 Chad 1,733 1,845 54 57 27 28 Chile 86,349 78,746 108 99 52 48 China 548,551 522,861 33 31 11 10 Colombia 63,064 92,182 145 212 26 38 Comoros 485 163 714 240 91 31 Congo, Dem. Rep. 5,774 2,972 151 78 52 27 Congo, Rep. 3,781 1,577 46 19 47 20 Costa Rica 8,849 8,090 65 59 29 27 Côte d’Ivoire 11,430 10,597 95 88 52 48 Djibouti 751 500 176 117 65 43 Dominica 267 202 163 124 74 56 Dominican Republic 13,045 10,906 107 89 28 24 Ecuador 14,815 12,770 75 64 26 22 Egypt, Arab Rep. 34,844 28,793 56 46 18 15 El Salvador 11,069 9,732 201 177 53 46 Eritrea 1,010 597 1,237 732 57 34 Ethiopia 7,147 3,924 194 107 24 13 Fiji 452 403 28 25 15 13 Gabon 2,331 2,126 18 16 21 19 Gambia, The 470 217 157 73 64 29 Georgia 9,238 7,536 225 184 80 65 Ghana 8,368 4,956 103 61 30 18 Grenada 576 631 309 338 96 106 Guatemala 14,340 12,115 139 118 37 32 Guinea 2,923 2,007 211 145 78 54 Guinea-Bissau 1,095 124 766 87 130 15 Guyana 1,354 762 131 74 57 32 Haiti 492 282 55 32 8 4 Honduras 4,168 1,971 57 27 30 14 India 290,282 252,804 91 79 20 18 (table continues on next page) 27 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Summary Table 1. Key indebtedness indicators, 2008–10 (continued) Ratio of total Ratio of present Total external Present value external debt value of debt to Ratio of total Ratio of present debt, 2010 of debt, 2010 to exports of goods exports of goods external debt value of debt Country ($ millions) ($ millions) and services (%) and services (%) to GNI (%) to GNI (%) Indonesia 179,064 159,754 114 102 32 28 Iran, Islamic Rep. 12,570 10,954 — — 4 3 Jamaica 13,865 13,246 232 221 107 102 Jordan 7,822 6,672 60 51 30 26 Kazakhstan 118,723 101,695 181 155 104 89 Kenya 8,400 5,912 102 72 28 20 Kosovo 342 241 35 25 6 4 Kyrgyz Republic 3,984 1,750 150 66 86 38 Lao PDR 5,559 3,959 296 211 92 65 Latvia 39,555 36,684 280 260 139 129 Lebanon 24,293 23,420 102 98 70 67 Lesotho 726 396 43 24 31 17 Liberia 228 86 37 14 31 12 Lithuania 29,602 27,225 116 107 75 69 Macedonia, FYR 5,804 5,289 130 118 63 57 Madagascar 2,295 1,832 75 60 26 21 Malawi 922 717 82 63 20 16 Malaysia 81,497 75,406 36 33 39 36 Maldives 1,229 1,020 129 107 95 79 Mali 2,326 1,425 94 58 27 16 Mauritania 2,461 2,364 131 126 71 68 Mauritius 1,076 803 20 15 11 8 Mexico 200,081 178,631 68 60 20 18 Moldova 4,615 4,076 154 136 74 65 Mongolia 2,444 1,697 83 58 48 33 Montenegro 1,554 1,331 71 60 37 31 Morocco 25,403 20,820 82 67 29 23 Mozambique 4,124 1,980 137 66 44 21 Myanmar 6,352 4,206 — — — — Nepal 3,702 2,752 203 151 27 20 Nicaragua 4,786 2,249 150 71 78 37 Niger 1,127 561 107 53 21 10 Nigeria 7,883 5,582 10 7 4 3 Pakistan 56,773 41,425 218 159 33 24 Panama 11,412 10,049 62 55 50 44 Papua New Guinea 5,822 4,580 101 79 70 55 Paraguay 4,938 4,298 55 48 30 26 Peru 36,271 32,384 100 89 28 25 Philippines 72,337 62,514 115 100 40 35 Romania 121,505 101,112 205 171 70 58 Russian Federation 384,740 347,210 80 72 27 25 Rwanda 795 595 137 103 15 12 Samoa 308 174 160 90 58 33 São Tomé and Principe 170 49 777 224 90 26 Senegal 3,677 2,591 95 67 28 20 Serbia 32,222 28,351 229 201 76 67 Seychelles 1,510 1,377 170 155 189 173 Sierra Leone 778 432 207 115 41 23 Solomon Islands 215 148 68 47 41 28 Somalia 2,942 3,656 — — — — South Africa 45,165 44,196 46 45 15 15 Sri Lanka 20,452 15,887 201 156 47 37 St. Kitts and Nevis 203 173 97 82 39 33 St. Lucia 464 390 81 68 53 44 St. Vincent and the Grenadines 261 191 127 93 47 35 Sudan 21,846 37,205 199 339 41 70 Swaziland 616 592 27 26 20 19 Syrian Arab Republic 4,729 4,294 25 23 9 8 Tajikistan 2,955 2,202 196 146 57 42 (table continues on next page) 28 S U M M A R Y T A B L E S Summary Table 1. Key indebtedness indicators, 2008–10 (continued) Ratio of total Ratio of present Total external Present value external debt value of debt to Ratio of total Ratio of present debt, 2010 of debt, 2010 to exports of goods exports of goods external debt value of debt Country ($ millions) ($ millions) and services (%) and services (%) to GNI (%) to GNI (%) Tanzania 8,664 4,947 148 85 40 23 Thailand 71,263 66,153 34 31 26 24 Togo 1,728 392 154 35 61 14 Tonga 144 92 260 167 41 26 Tunisia 21,584 19,307 86 77 53 47 Turkey 293,872 270,204 180 165 43 39 Turkmenistan 422 380 3 2 2 2 Uganda 2,994 1,100 90 33 19 7 Ukraine 117,128 107,452 157 144 82 75 Uruguay 11,347 10,234 113 102 34 31 Uzbekistan 7,404 5,972 56 45 22 18 Vanuatu 148 113 54 41 23 18 Venezuela, R.B. 55,572 55,591 70 70 16 16 Vietnam 35,139 26,565 49 37 38 29 Yemen, Rep. 6,324 3,971 71 44 24 15 Zambia 3,689 1,561 63 27 28 12 Zimbabwe 5,016 6,001 230 275 92 110 Source: World Bank data. Note: GNI = gross national income; — = not available. For definitions of indicators, see the “About the data� section. Numbers in italics are based on the latest available Debt Sustainability Analysis for Low-Income Countries (LIC DSA) and include the effects of traditional relief, debt relief under the Heavily Indebted Poor Country (HIPC) Initiative, and relief under the Multilateral Debt Relief Initiative (MDRI). Under MDRI, the International Development Association (IDA), International Monetary Fund (IMF), and African Development Fund (AfDF) pro- vide debt stock cancellation to post–completion point HIPCs on debt owed to the three institutions. The Inter-American Development Bank (IDB) provides similar debt stock cancellation under the IDB 2007 Debt Initiative. MDRI debt relief provides 100 percent stock cancellation on debt disbursed before end-2004 (for the IMF, AfDF, and IDB) or end-2003 (for IDA), and still outstanding at the time the country reaches the completion point under the HIPC Initiative. In line with the Debt Sustainability Framework for Low-Income Countries, only the condi- tional debt relief under the HIPC Initiative is included for countries in the interim period (between decision and completion point of the HIPC Initiative). 29 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Summary Table 2. Composition of Total External Debt Stocks for 2010 $ millions Public and Public and publicly Public and publicly Total external Total long-term guaranteed debt, publicly guaranteed guaranteed Country debt stocks external debt multilateral debt, bilateral debt, bonds Afghanistan 2,297 2,076 1,118 958 0 Albania 4,736 4,105 1,522 637 401 Algeria 5,276 3,498 10 1,795 0 Angola 18,562 15,440 436 7,716 0 Argentina 127,849 92,844 16,918 6,004 43,571 Armenia 6,103 4,744 1,513 1,042 0 Azerbaijan 6,974 6,050 1,745 920 0 Bangladesh 24,963 21,371 18,460 2,842 0 Belarus 25,726 10,251 295 5,587 1,802 Belize 1,045 1,031 256 150 21 Benin 1,221 1,134 927 207 0 Bhutan 898 892 332 561 0 Bolivia 5,267 5,164 2,259 523 0 Bosnia and Herzegovina 8,457 6,899 2,416 869 273 Botswana 1,709 1,352 1,222 129 0 Brazil 346,978 281,482 29,747 11,504 41,323 Bulgaria 48,077 32,704 2,330 823 1,301 Burkina Faso 2,053 1,925 1,600 307 0 Burundi 537 412 344 68 0 Cambodia 4,676 4,414 1,529 2,885 0 Cameroon 2,964 2,762 788 1,381 0 Cape Verde 857 847 597 197 0 Central African Republic 385 218 29 154 0 Chad 1,733 1,708 1,483 196 0 Chile 86,349 60,470 801 224 8,413 China 548,551 201,027 35,120 32,084 10,273 Colombia 63,064 54,855 15,786 432 17,686 Comoros 485 469 204 265 0 Congo, Dem. Rep. 5,774 4,957 2,571 2,279 0 Congo, Rep. 3,781 3,531 219 2,497 0 Costa Rica 8,849 6,418 1,709 430 1,435 Côte d’Ivoire 11,430 10,696 2,228 6,445 1,621 Djibouti 751 739 409 309 0 Dominica 267 216 116 55 40 Dominican Republic 13,045 9,958 3,074 3,091 1,721 Ecuador 14,815 14,446 5,171 2,404 868 Egypt, Arab Rep. 34,844 31,695 9,019 18,844 3,333 El Salvador 11,069 9,964 3,526 648 2,199 Eritrea 1,010 1,003 651 313 0 Ethiopia 7,147 6,545 2,812 1,825 0 Fiji 452 391 116 125 150 Gabon 2,331 2,158 384 521 879 Gambia, The 470 395 267 118 0 Georgia 9,238 7,224 1,802 588 750 30 S U M M A R Y T A B L E S Public and publicly Private guaranteed debt, Private nonguaranteed commercial banks nonguaranteed debt, commercial and other debt, bonds banks and other IBRD (memo) IDA (memo) Use of IMF credit Short-term debt 0 0 0 0 410 119 102 412 0 1,133 26 850 58 573 726 0 968 9 0 0 1,778 7,287 0 0 0 378 882 2,241 838 7,855 17,659 5,349 0 0 35,005 1 0 2,187 106 1,161 741 618 1,226 0 2,158 300 763 46 878 69 0 0 0 10,653 617 2,974 166 0 2,401 291 0 3,495 11,980 594 0 10 12 0 7 7 0 0 0 0 383 55 32 0 0 0 0 112 0 6 24 0 2,358 0 355 0 103 193 0 3,149 445 1,180 521 1,037 1 0 0 6 4 0 357 13,968 83,032 101,908 13,523 0 0 65,496 13 134 28,104 1,338 0 0 15,373 18 0 0 0 776 129 0 0 0 0 0 163 110 16 0 0 0 0 565 0 262 15 0 577 24 350 172 31 53 0 0 0 303 9 2 34 0 0 0 14 90 77 30 0 0 0 865 17 8 3,491 7,061 40,480 189 0 0 25,879 12,703 17,976 92,871 12,962 9,000 0 347,524 2,873 3,329 14,749 7,504 0 0 8,209 0 0 0 0 116 12 4 106 0 0 0 849 323 494 815 0 0 0 84 27 222 151 0 2,693 570 0 0 2,431 122 0 280 14 1,749 383 351 20 0 0 0 155 12 1 4 0 0 1 27 18 32 1,229 843 0 864 7 1,139 1,948 155 0 5,848 446 10 0 369 445 0 54 2,543 1,338 0 3,149 21 0 3,569 915 8 0 1,105 38 0 0 0 468 0 7 1,907 0 0 0 1,804 288 314 0 0 1 0 0 0 61 374 0 0 22 0 0 174 10 0 0 0 65 31 44 941 0 3,143 173 1,186 1,050 963 (table continues on next page) 31 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Summary Table 2. Composition of Total External Debt Stocks for 2010 (continued) $ millions Public and Public and publicly Public and publicly Total external Total long-term guaranteed debt, publicly guaranteed guaranteed Country debt stocks external debt multilateral debt, bilateral debt, bonds Ghana 8,368 5,727 2,620 1,360 750 Grenada 576 495 190 89 210 Guatemala 14,340 12,745 4,213 359 955 Guinea 2,923 2,752 1,798 918 0 Guinea-Bissau 1,095 963 492 471 0 Guyana 1,354 888 502 365 0 Haiti 492 479 71 408 0 Honduras 4,168 3,740 1,891 823 50 India 290,282 233,834 46,531 26,111 20,430 Indonesia 179,064 147,809 22,567 43,917 16,990 Iran, Islamic Rep. 12,570 6,411 830 1,195 0 Jamaica 13,865 11,900 2,348 912 3,786 Jordan 7,822 6,504 2,528 2,892 914 Kazakhstan 118,723 109,686 2,785 1,057 0 Kenya 8,400 6,978 4,110 2,557 0 Kosovo 342 342 342 0 0 Kyrgyz Republic 3,984 3,612 1,296 1,146 0 Lao PDR 5,559 5,549 1,983 955 0 Latvia 39,555 25,319 5,246 11 1,069 Lebanon 24,293 20,713 1,320 906 17,422 Lesotho 726 698 623 61 0 Liberia 228 184 63 120 0 Lithuania 29,602 24,133 1,612 0 10,052 Macedonia, FYR 5,804 3,750 1,112 242 434 Madagascar 2,295 1,984 1,536 437 0 Malawi 922 715 576 139 0 Malaysia 81,497 46,421 237 3,513 15,575 Maldives 1,229 989 311 236 0 Mali 2,326 2,271 1,790 476 0 Mauritania 2,461 2,174 1,350 823 0 Mauritius 1,076 1,072 501 383 0 Mexico 200,081 161,068 21,112 4,542 63,519 Moldova 4,615 2,723 556 258 0 Mongolia 2,444 2,016 1,073 716 0 Montenegro 1,554 1,368 556 281 267 Morocco 25,403 23,603 10,149 7,085 1,336 Mozambique 4,124 2,960 2,205 657 0 Myanmar 6,352 4,395 1,415 2,574 0 Nepal 3,702 3,527 3,150 374 0 Nicaragua 4,786 3,922 1,637 1,028 0 Niger 1,127 972 720 251 0 Nigeria 7,883 4,686 4,304 289 0 Pakistan 56,773 45,746 24,614 16,789 1,550 Panama 11,412 11,412 1,814 314 8,071 32 S U M M A R Y T A B L E S Public and publicly Private guaranteed debt, Private nonguaranteed commercial banks nonguaranteed debt, commercial and other debt, bonds banks and other IBRD (memo) IDA (memo) Use of IMF credit Short-term debt 997 0 0 0 1,868 392 2,249 5 0 0 14 44 29 52 0 5 7,213 1,372 0 0 1,595 37 0 0 0 1,248 48 123 0 0 0 0 289 4 128 21 0 0 0 9 56 410 0 0 0 0 0 13 0 34 0 942 0 602 30 398 13,134 13,633 113,996 11,180 25,888 0 56,448 7,550 5,788 50,996 9,054 2,313 0 31,255 4,385 0 0 801 0 0 6,159 548 4,290 17 579 0 785 1,180 170 0 0 1,008 32 8 1,310 0 21,044 84,800 1,830 0 0 9,037 311 0 0 0 3,238 417 1,005 0 0 0 342 0 0 0 0 0 1,171 0 649 177 195 0 0 2,610 0 655 10 0 566 267 18,161 421 0 1,513 12,723 565 500 0 321 0 98 3,482 14 0 0 2 328 28 0 0 0 0 0 0 44 0 0 793 11,675 20 0 0 5,469 77 0 1,885 315 367 0 2,054 7 0 3 0 1,161 97 214 0 0 0 0 243 146 61 6,470 4,893 15,733 0 0 0 35,076 105 0 336 0 99 16 224 5 0 0 0 840 49 6 1 0 0 0 316 50 237 88 0 100 197 7 0 3 22,294 29,970 19,630 12,462 0 0 39,013 3 0 1,906 93 386 327 1,564 7 0 221 0 403 198 230 245 0 19 236 79 0 186 2,444 0 2,589 2,468 13 0 1,800 98 0 0 0 1,491 190 975 406 0 0 0 799 0 1,956 3 0 0 0 1,426 114 61 3 0 1,255 0 447 167 697 0 0 0 0 275 61 94 92 0 0 43 3,662 0 3,197 249 250 2,294 1,688 10,118 8,736 2,291 223 911 80 420 0 0 0 (table continues on next page) 33 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Summary Table 2. Composition of Total External Debt Stocks for 2010 (continued) $ millions Public and Public and publicly Public and publicly Total external Total long-term guaranteed debt, publicly guaranteed guaranteed Country debt stocks external debt multilateral debt, bilateral debt, bonds Papua New Guinea 5,822 5,430 712 285 0 Paraguay 4,938 3,791 1,496 613 0 Peru 36,271 30,216 7,854 2,719 9,311 Philippines 72,337 66,042 8,372 14,826 20,221 Romania 121,505 81,383 13,373 860 1,670 Russian Federation 384,740 345,983 3,042 3,347 82,643 Rwanda 795 766 639 126 0 Samoa 308 299 219 80 0 São Tomé and Principe 170 145 37 108 0 Senegal 3,677 3,464 1,976 979 200 Serbia 32,222 27,389 4,848 3,296 0 Seychelles 1,510 498 74 174 169 Sierra Leone 778 661 371 79 0 Solomon Islands 215 202 106 20 0 Somalia 2,942 1,990 801 1,153 0 South Africa 45,165 32,860 1,139 0 11,065 Sri Lanka 20,452 17,368 6,079 7,524 2,000 St. Kitts and Nevis 203 198 99 34 24 St. Lucia 464 286 202 21 8 St. Vincent and the Grenadines 261 255 188 18 0 Sudan 21,846 14,444 3,342 8,474 0 Swaziland 616 385 240 123 0 Syrian Arab Republic 4,729 4,171 1,591 2,580 0 Tajikistan 2,955 2,733 945 861 0 Tanzania 8,664 6,795 4,382 1,077 0 Thailand 71,263 32,791 187 6,656 1,954 Togo 1,728 1,534 837 697 0 Tonga 144 144 71 72 0 Tunisia 21,584 16,605 6,664 3,494 3,819 Turkey 293,872 210,123 19,780 6,724 46,276 Turkmenistan 422 367 14 327 0 Uganda 2,994 2,671 2,416 255 0 Ukraine 116,808 76,104 4,392 1,397 9,148 Uruguay 11,347 9,797 3,495 117 6,021 Uzbekistan 7,404 7,167 1,175 1,998 0 Vanuatu 148 99 69 30 0 Venezuela, R.B. 55,572 40,146 4,014 942 29,762 Vietnam 35,139 28,145 12,262 12,993 2,020 Yemen, Rep. 6,324 5,933 3,283 2,647 0 Zambia 3,689 2,104 924 353 0 Zimbabwe 5,016 4,064 1,593 1,660 0 All developing countries 4,076,298 2,975,259 483,841 338,734 527,752 34 S U M M A R Y T A B L E S Public and publicly Private guaranteed debt, Private nonguaranteed commercial banks nonguaranteed debt, commercial and other debt, bonds banks and other IBRD (memo) IDA (memo) Use of IMF credit Short-term debt 33 0 4,400 139 86 0 392 260 0 1,421 257 13 0 1,147 143 7,298 2,891 2,965 0 0 6,055 1,221 1,651 19,751 2,567 171 0 6,295 4,654 0 60,826 2,830 0 15,092 25,029 73,891 73,329 109,730 2,618 0 0 38,756 0 0 0 0 259 15 14 0 0 0 0 99 9 0 0 0 0 0 14 5 20 0 0 308 0 1,017 213 0 1,332 165 17,747 1,818 681 2,034 2,798 82 0 0 17 0 31 980 211 0 0 0 155 113 4 0 0 77 0 42 10 4 37 0 0 0 443 172 780 5,549 5,471 9,636 384 0 0 12,305 847 0 919 0 2,531 1,311 1,773 41 0 0 10 1 3 1 55 0 0 21 59 11 167 49 0 0 5 21 6 0 2,629 0 0 0 1,290 390 7,012 23 0 0 2 2 0 231 0 0 0 0 15 0 558 0 0 927 0 377 101 122 113 0 1,224 0 3,248 354 1,515 2,561 4,570 16,864 73 56 0 38,471 0 0 0 0 554 133 61 1 0 0 0 24 0 0 632 0 1,996 1,381 18 0 4,979 20,308 8,502 108,533 11,563 42 5,627 78,123 18 0 7 11 0 0 55 0 0 0 0 1,682 9 314 1,308 5,114 54,744 3,212 0 14,245 26,459 72 93 0 1,055 0 0 1,550 252 0 3,741 259 114 0 238 0 0 0 0 12 0 49 2,368 3,060 0 0 0 0 15,426 870 0 0 700 7,010 45 6,949 3 0 0 0 2,180 78 313 33 0 794 0 430 395 1,191 432 0 378 463 513 110 843 232,259 311,827 1,080,846 124,852 118,607 64,661 1,036,378 (table continues on next page) 35 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Summary Table 2. Composition of Total External Debt Stocks for 2010 (continued) $ millions Public and Public and publicly Public and publicly Total external Total long-term guaranteed debt, publicly guaranteed guaranteed Country debt stocks external debt multilateral debt, bilateral debt, bonds East Asia and the Pacific 1,013,971 545,176 86,037 121,732 67,184 Europe and Central Asia 1,273,418 994,159 72,697 32,271 156,088 Latin America and the Caribbean 1,038,725 828,184 130,489 38,770 238,992 Middle East and North Africa 143,595 119,872 35,803 41,747 26,825 South Asia 400,596 325,804 100,595 55,395 23,980 Sub-Saharan Africa 205,992 162,065 58,220 48,821 14,684 Low-income countries 116,593 99,631 63,201 28,856 0 Middle-income countries 3,959,705 2,875,628 420,640 309,878 527,752 Source: World Bank data. Note: IBRD = International Bank for Reconstruction and Development; IDA = International Development Association; IMF = International Monetary Fund. 36 S U M M A R Y T A B L E S Public and publicly Private guaranteed debt, Private nonguaranteed commercial banks nonguaranteed debt, commercial and other debt, bonds banks and other IBRD (memo) IDA (memo) Use of IMF credit Short-term debt 31,822 34,878 203,524 25,494 21,234 271 468,525 105,607 109,348 518,148 28,251 7,835 45,027 234,232 49,464 147,747 222,723 48,533 1,606 2,265 208,277 9,391 500 5,606 8,532 3,751 195 23,528 14,407 13,883 117,545 12,868 51,238 10,913 63,879 21,568 5,471 13,301 1,175 32,943 5,991 37,936 3,871 0 3,703 463 36,019 4,156 12,806 228,387 311,827 1,077,144 124,389 82,589 60,505 1,023,572 37 . Regional and Income Group Aggregate Tables ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,860,622 2,126,351 2,514,065 2,675,295 3,220,517 3,499,172 3,639,595 4,076,298 Long-term external debt 1,469,870 1,778,340 1,964,052 2,061,665 2,440,930 2,713,910 2,813,091 2,975,259 Public and publicly guaranteed 1,261,379 1,287,438 1,282,903 1,246,306 1,355,843 1,397,456 1,477,075 1,582,586 Private nonguaranteed 208,491 490,902 681,149 815,359 1,085,088 1,316,454 1,336,016 1,392,674 Use of IMF credit 59,881 58,266 49,179 19,859 15,540 25,740 53,298 64,661 Short-term external debt 330,871 289,745 500,834 593,771 764,046 759,522 773,206 1,036,378 interest arrears on long-term 44,516 31,741 28,423 26,027 27,637 27,495 26,428 21,090 Memorandum items Principal arrears on long-term 104,584 60,643 46,229 44,775 47,648 49,140 50,978 40,871 Long-term public sector debt 1,256,292 1,281,540 1,278,312 1,242,003 1,350,991 1,391,811 1,465,482 1,570,204 Long-term private sector debt 213,578 496,800 685,740 819,662 1,089,940 1,322,099 1,347,609 1,405,056 Public & publicly guaranteed commitments 140,659 145,910 159,300 143,401 194,324 185,948 247,087 250,764 External debt flows Disbursements 209,547 238,467 383,223 479,002 660,569 665,013 534,464 655,672 Long-term external debt 181,764 228,352 379,262 474,888 658,556 650,407 505,843 638,831 IMF purchases 27,783 10,114 3,961 4,113 2,013 14,607 28,621 16,842 Principal repayments 120,574 232,473 327,078 383,096 362,730 396,227 383,041 428,917 Long-term external debt 111,933 211,870 282,956 352,277 355,576 392,427 381,197 425,895 IMF repurchases 8,641 20,603 44,122 30,819 7,155 3,800 1,844 3,022 Net flows 143,080 -1,521 137,740 191,239 466,100 264,404 166,167 495,230 Long-term external debt 69,831 16,482 96,307 122,612 302,980 257,980 124,646 212,936 Short-term external debt 54,107 -7,515 81,594 95,333 168,261 -4,383 14,744 268,474 Interest payments 85,036 112,744 103,710 117,392 137,334 142,601 125,886 154,434 Long-term external debt 67,490 93,903 83,820 94,204 109,208 120,813 111,244 111,949 IMF charges 2,632 2,865 3,277 1,622 710 979 571 986 Short-term external debt 14,913 15,976 16,613 21,565 27,416 20,809 14,071 41,499 2. Other non-debt resource inflows Foreign direct investment 94,837 148,721 314,484 387,525 534,141 624,110 399,950 506,062 Portfolio equity 13,317 13,948 67,472 107,699 132,952 -53,363 108,756 128,413 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 14.0 14.5 14.8 13.5 14.1 12.7 Japanese yen 13.0 11.9 10.1 9.9 8.9 10.6 10.1 10.4 Pound sterling 1.6 1.0 1.1 0.7 0.6 0.4 0.5 0.5 Swiss franc 1.1 0.5 0.6 0.6 0.6 0.5 0.5 0.4 U.S.dollars 48.2 63.0 66.0 66.7 67.6 67.8 67.9 69.4 4. Average terms of new commitments Official creditors Interest (%) 5.8 4.8 3.6 3.9 3.6 2.8 1.9 1.8 Maturity (years) 19.2 20.2 22.1 22.8 23.3 23.6 21.5 22.9 Grace period (years) 5.4 5.0 5.7 6.2 6.5 6.5 6.2 6.7 Private creditors Interest (%) 6.5 8.2 6.3 6.2 6.4 6.0 6.2 4.9 Maturity (years) 7.4 11.2 11.3 11.9 11.0 11.7 9.7 12.4 Grace period (years) 3.4 8.5 8.7 9.4 8.1 8.0 8.2 9.0 5. Major economic aggregates Gross national income (GNI) 4,797,416 5,628,860 9,436,088 11,209,853 13,910,950 16,633,250 16,264,212 19,437,081 Exports of goods, services & income 1,141,830 1,654,724 3,310,882 4,048,536 4,905,753 5,900,518 4,727,932 5,936,528 Worker remit. & comp. of employees 53,349 77,752 186,981 221,642 276,403 322,921 306,271 319,552 Imports of goods, services & income 1,301,854 1,706,988 3,271,139 3,896,346 4,773,434 5,834,427 4,764,531 6,033,022 Profit remittances on FDI 36,709 67,823 196,687 257,048 325,986 378,327 319,275 342,894 International reserves 439,401 642,754 1,979,073 2,615,959 3,701,232 4,153,683 4,835,610 5,587,636 6. Ratios External debt stocks to exports (%) 163.0 128.5 75.9 66.1 65.6 59.3 77.0 68.7 External debt stocks to GNI (%) 38.8 37.8 26.6 23.9 23.2 21.0 22.4 21.0 Debt service to exports (%) 18.0 20.9 13.0 12.4 10.2 9.1 10.8 9.8 Short-term to external debt stocks (%) 17.8 13.6 19.9 22.2 23.7 21.7 21.2 25.4 Multilateral to external debt stocks (%) 15.0 15.4 14.9 13.0 11.6 11.3 12.2 11.9 Reserves to external debt stocks (%) 23.6 30.2 78.7 97.8 114.9 118.7 132.9 137.1 Reserves to imports (months) 4.1 4.5 7.3 8.1 9.3 8.5 12.2 11.1 40 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,469,870 1,778,340 1,964,052 2,061,665 2,440,930 2,713,910 2,813,091 2,975,259 Public and publicly guaranteed 1,261,379 1,287,438 1,282,903 1,246,306 1,355,843 1,397,456 1,477,075 1,582,586 Official creditors 764,851 751,694 715,244 636,440 668,757 711,011 772,345 822,575 Multilateral 278,753 326,618 373,641 348,159 373,874 395,001 443,775 483,841 of which: IBRD 106,440 108,322 96,370 92,386 93,651 96,696 108,696 124,852 IDA 71,495 86,796 121,077 99,005 107,675 111,269 116,967 118,607 Bilateral 486,099 425,076 341,602 288,282 294,883 316,011 328,570 338,734 Private creditors 496,528 535,744 567,659 609,866 687,086 686,445 704,730 760,010 of which: Bonds 220,501 341,957 400,279 409,788 455,913 468,243 484,388 527,752 Commercial banks 146,863 125,803 125,950 163,807 198,841 190,359 189,535 202,652 Private nonguaranteed 208,491 490,902 681,149 815,359 1,085,088 1,316,454 1,336,016 1,392,674 of which: Bonds 51,018 89,492 155,162 192,861 250,265 241,846 256,961 311,827 Disbursements 181,764 228,352 379,262 474,888 658,556 650,407 505,843 638,831 Public and publicly guaranteed 128,269 137,193 142,619 151,919 186,837 174,672 217,405 253,309 Official creditors 64,895 52,387 46,076 54,722 60,069 68,706 100,215 105,448 Multilateral 31,117 34,261 34,253 40,007 43,714 47,599 72,435 71,390 of which: IBRD 12,545 12,969 9,180 11,934 10,498 13,608 22,703 26,246 IDA 5,474 5,219 7,207 6,771 7,358 6,864 8,712 7,688 Bilateral 33,778 18,126 11,823 14,715 16,355 21,107 27,780 34,059 Private creditors 63,374 84,806 96,543 97,197 126,768 105,966 117,190 147,860 of which: Bonds 22,036 55,784 61,066 57,988 75,318 73,523 69,052 86,861 Commercial banks 22,190 18,131 31,775 34,149 47,852 30,035 41,806 51,398 Private nonguaranteed 53,495 91,159 236,643 322,969 471,718 475,734 288,439 385,522 of which: Bonds 14,063 10,810 47,975 54,555 84,368 27,235 37,236 86,053 Principal repayments 111,933 211,870 282,956 352,277 355,576 392,427 381,197 425,895 Public and publicly guaranteed 86,015 113,674 145,932 191,849 127,648 143,529 117,318 124,527 Official creditors 42,587 47,540 70,215 97,008 53,409 49,992 46,498 48,021 Multilateral 19,653 22,591 26,691 36,471 26,490 26,982 25,467 25,854 of which: IBRD 11,364 9,418 12,130 17,188 10,866 10,947 10,860 9,165 IDA 542 948 1,621 1,779 1,836 2,296 2,252 2,342 Bilateral 22,934 24,949 43,524 60,536 26,920 23,010 21,031 22,167 Private creditors 43,428 66,134 75,717 94,841 74,239 93,537 70,820 76,506 of which: Bonds 11,091 31,454 44,589 60,257 43,145 53,897 32,705 35,031 Commercial banks 15,281 23,256 22,303 25,145 23,976 32,407 30,706 33,484 Private nonguaranteed 25,918 98,197 137,024 160,428 227,927 248,898 263,879 301,368 of which: Bonds 4,042 15,032 15,063 17,980 24,880 20,144 22,467 26,500 Interest payments 67,490 93,903 83,820 94,204 109,208 120,813 111,244 111,949 Public and publicly guaranteed 56,594 63,242 60,511 56,330 59,793 59,141 54,237 55,120 Official creditors 27,407 25,999 23,934 19,726 20,230 19,011 16,999 16,592 Multilateral 13,162 15,237 10,581 11,672 12,878 12,309 10,515 8,930 of which: IBRD 7,614 7,456 4,020 4,782 5,435 4,576 3,432 2,256 IDA 503 577 897 811 758 908 798 825 Bilateral 14,245 10,762 13,353 8,055 7,352 6,702 6,484 7,662 Private creditors 29,186 37,243 36,578 36,604 39,563 40,131 37,238 38,528 of which: Bonds 14,713 25,003 30,128 28,827 31,222 31,726 30,820 33,011 Commercial banks 7,822 8,561 4,919 6,256 6,539 6,706 5,180 4,349 Private nonguaranteed 10,897 30,662 23,309 37,874 49,415 61,671 57,006 56,829 of which: Bonds 3,172 7,776 8,861 14,076 16,282 15,893 16,400 18,110 750 Non-debt flows (bill US$) 150 Debt ratios (%) 500 100 250 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 41 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 455,520 496,193 613,430 646,167 722,828 754,725 833,821 1,013,971 Long-term external debt 345,358 418,119 407,365 423,399 447,902 491,239 506,653 545,176 Public and publicly guaranteed 255,375 270,964 260,850 258,676 260,102 279,621 294,848 306,774 Private nonguaranteed 89,982 147,155 146,515 164,723 187,799 211,618 211,805 238,402 Use of IMF credit 1,337 16,452 8,545 239 215 162 291 271 Short-term external debt 108,826 61,621 197,521 222,529 274,712 263,325 326,877 468,525 interest arrears on long-term 2,952 5,336 1,090 994 1,125 1,155 1,226 1,338 Memorandum items Principal arrears on long-term 10,943 7,461 5,929 4,680 5,344 5,478 5,779 6,228 Long-term public sector debt 253,988 270,613 260,329 258,181 259,670 279,193 289,934 301,969 Long-term private sector debt 91,370 147,507 147,036 165,219 188,232 212,046 216,719 243,207 Public & publicly guaranteed commitments 46,429 26,963 24,975 20,367 19,086 28,871 42,584 41,977 External debt flows Disbursements 59,108 43,658 74,963 77,070 91,224 88,656 88,027 123,095 Long-term external debt 58,906 42,165 74,963 77,070 91,224 88,656 87,853 123,062 IMF purchases 203 1,493 0 0 0 0 174 33 Principal repayments 32,238 47,273 68,930 71,474 75,661 72,306 82,541 85,742 Long-term external debt 31,848 47,006 67,332 62,995 75,626 72,257 82,490 85,694 IMF repurchases 390 267 1,597 8,479 35 49 50 48 Net flows 54,090 -14,427 40,865 30,700 67,614 4,933 68,968 178,890 Long-term external debt 27,058 -4,841 7,631 14,075 15,598 16,399 5,363 37,368 Short-term external debt 27,220 -10,812 34,831 25,105 52,051 -11,417 63,481 141,537 Interest payments 20,622 25,234 17,861 21,999 25,492 23,024 18,701 47,087 Long-term external debt 15,538 20,430 12,844 14,244 17,456 16,909 14,303 18,042 IMF charges 69 793 336 308 3 1 2 2 Short-term external debt 5,014 4,011 4,682 7,446 8,033 6,114 4,397 29,042 2. Other non-debt resource inflows Foreign direct investment 50,796 45,168 142,435 151,673 198,905 214,135 137,453 227,709 Portfolio equity 3,746 6,589 25,684 56,191 35,094 -7,326 28,868 40,463 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.4 9.0 9.2 7.5 6.6 5.7 Japanese yen 28.2 28.3 26.5 25.5 24.4 27.0 24.6 25.5 Pound sterling 0.4 0.4 0.7 0.6 0.6 0.4 0.3 0.3 Swiss franc 0.5 0.2 0.3 0.2 0.2 0.2 0.2 0.1 U.S.dollars 36.7 55.8 57.1 58.1 58.9 59.1 62.8 63.0 4. Average terms of new commitments Official creditors Interest (%) 5.3 3.8 3.1 4.2 3.3 2.3 1.5 1.3 Maturity (years) 22.0 26.9 24.9 25.1 25.5 24.9 24.7 24.8 Grace period (years) 5.6 6.3 6.7 6.5 7.3 7.1 6.3 7.4 Private creditors Interest (%) 6.4 6.6 5.6 6.6 5.2 5.2 6.8 5.5 Maturity (years) 9.6 13.0 11.1 15.7 16.2 13.0 11.1 15.2 Grace period (years) 4.4 5.0 8.3 11.4 11.9 8.5 8.7 7.6 5. Major economic aggregates Gross national income (GNI) 1,284,827 1,680,605 3,041,210 3,664,541 4,642,068 5,871,392 6,347,846 7,530,404 Exports of goods, services & income 416,035 636,015 1,379,914 1,705,206 2,108,699 2,462,617 2,101,318 2,741,865 Worker remit. & comp. of employees 8,918 15,799 50,286 57,409 71,009 85,446 85,963 91,959 Imports of goods, services & income 452,272 606,287 1,277,026 1,479,822 1,764,197 2,092,510 1,836,862 2,458,638 Profit remittances on FDI 15,893 31,671 73,892 77,104 91,664 104,299 117,556 122,031 International reserves 167,801 283,042 1,020,252 1,315,651 1,856,871 2,289,107 2,824,082 3,375,065 6. Ratios External debt stocks to exports (%) 109.5 78.0 44.5 37.9 34.3 30.6 39.7 37.0 External debt stocks to GNI (%) 35.5 29.5 20.2 17.6 15.6 12.9 13.1 13.5 Debt service to exports (%) 12.7 11.4 6.3 5.5 4.8 3.9 4.8 4.8 Short-term to external debt stocks (%) 23.9 12.4 32.2 34.4 38.0 34.9 39.2 46.2 Multilateral to external debt stocks (%) 11.8 13.3 10.5 10.3 9.6 9.8 9.7 8.5 Reserves to external debt stocks (%) 36.8 57.0 166.3 203.6 256.9 303.3 338.7 332.9 Reserves to imports (months) 4.5 5.6 9.6 10.7 12.6 13.1 18.4 16.5 42 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 345,358 418,119 407,365 423,399 447,902 491,239 506,653 545,176 Public and publicly guaranteed 255,375 270,964 260,850 258,676 260,102 279,621 294,848 306,774 Official creditors 159,571 171,436 172,445 172,494 177,954 194,122 201,669 207,769 Multilateral 53,607 65,756 64,368 66,424 69,641 73,617 80,671 86,037 of which: IBRD 27,912 30,476 23,331 22,550 21,693 22,275 23,383 25,494 IDA 9,692 12,520 16,498 17,683 19,086 19,683 20,921 21,234 Bilateral 105,964 105,680 108,076 106,069 108,313 120,505 120,998 121,732 Private creditors 95,804 99,529 88,405 86,182 82,148 85,498 93,179 99,005 of which: Bonds 23,690 35,834 52,285 54,913 55,340 57,220 60,812 67,184 Commercial banks 39,894 33,257 17,675 14,755 12,881 15,440 16,838 17,728 Private nonguaranteed 89,982 147,155 146,515 164,723 187,799 211,618 211,805 238,402 of which: Bonds 15,574 22,077 24,435 25,472 22,968 21,711 22,840 34,878 Disbursements 58,906 42,165 74,963 77,070 91,224 88,656 87,853 123,062 Public and publicly guaranteed 38,009 28,718 25,251 25,828 19,599 22,764 38,112 41,164 Official creditors 17,653 15,620 9,056 11,687 11,712 12,640 16,345 16,340 Multilateral 6,129 6,943 5,145 5,930 6,715 7,775 10,039 8,612 of which: IBRD 3,168 3,245 1,825 2,012 2,347 3,200 3,710 4,503 IDA 934 700 627 754 1,058 1,152 1,550 1,068 Bilateral 11,524 8,677 3,911 5,757 4,997 4,865 6,306 7,728 Private creditors 20,356 13,099 16,195 14,141 7,887 10,124 21,768 24,823 of which: Bonds 4,449 4,539 11,523 9,036 4,295 5,180 13,903 12,914 Commercial banks 8,785 2,535 3,034 1,912 1,207 3,411 3,701 5,869 Private nonguaranteed 20,897 13,446 49,711 51,241 71,625 65,893 49,740 81,898 of which: Bonds 5,731 1,106 4,981 3,444 1,701 368 2,733 15,328 Principal repayments 31,848 47,006 67,332 62,995 75,626 72,257 82,490 85,694 Public and publicly guaranteed 21,663 22,798 24,499 25,130 22,485 21,880 24,895 26,291 Official creditors 8,355 10,243 10,767 12,510 15,093 13,556 12,810 12,912 Multilateral 3,094 4,062 4,609 4,676 4,969 4,781 4,590 4,686 of which: IBRD 2,152 2,006 2,798 2,891 3,336 2,775 2,583 2,422 IDA 50 107 286 324 368 413 450 478 Bilateral 5,261 6,181 6,158 7,834 10,124 8,775 8,220 8,226 Private creditors 13,308 12,555 13,732 12,620 7,392 8,325 12,084 13,379 of which: Bonds 1,854 1,211 4,318 5,432 2,103 2,808 5,323 5,482 Commercial banks 5,320 7,160 5,471 2,684 2,606 1,675 2,629 2,993 Private nonguaranteed 10,185 24,208 42,833 37,865 53,141 50,377 57,596 59,403 of which: Bonds 120 5,168 2,115 3,022 2,719 1,533 2,929 1,947 Interest payments 15,538 20,430 12,844 14,244 17,456 16,909 14,303 18,042 Public and publicly guaranteed 12,045 12,891 8,633 9,262 10,583 10,174 9,419 10,524 Official creditors 6,283 7,237 4,043 4,470 5,113 4,664 3,947 4,578 Multilateral 3,051 3,833 2,018 2,245 2,492 2,282 1,726 1,408 of which: IBRD 1,999 2,146 1,028 1,168 1,298 1,085 734 524 IDA 69 87 133 131 134 146 139 146 Bilateral 3,232 3,404 2,025 2,225 2,621 2,382 2,221 3,170 Private creditors 5,763 5,654 4,590 4,793 5,470 5,510 5,473 5,947 of which: Bonds 1,238 2,288 3,217 3,658 3,952 4,064 4,380 4,928 Commercial banks 2,462 1,921 845 609 717 615 547 559 Private nonguaranteed 3,493 7,539 4,211 4,982 6,873 6,735 4,883 7,518 of which: Bonds 503 1,942 1,293 1,486 1,495 1,239 1,154 1,308 300 Non-debt flows (bill US$) 400 Debt ratios (%) 350 300 200 250 200 150 100 100 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 43 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 246,643 367,800 613,601 751,739 1,047,612 1,206,210 1,212,410 1,273,418 Long-term external debt 199,574 286,518 475,282 577,435 804,863 963,516 987,057 994,159 Public and publicly guaranteed 189,317 218,325 210,641 242,314 305,645 303,463 330,536 366,663 Private nonguaranteed 10,256 68,193 264,641 335,121 499,218 660,053 656,521 627,496 Use of IMF credit 15,788 21,773 18,810 13,088 8,550 15,158 36,222 45,027 Short-term external debt 31,282 59,508 119,508 161,216 234,199 227,536 189,131 234,232 interest arrears on long-term 7,818 8,508 4,098 1,538 1,586 1,773 1,890 1,461 Memorandum items Principal arrears on long-term 28,017 14,077 3,545 2,020 2,172 2,925 4,869 6,821 Long-term public sector debt 188,810 217,784 209,966 241,672 304,744 302,113 328,949 364,450 Long-term private sector debt 10,764 68,734 265,316 335,764 500,119 661,403 658,109 629,710 Public & publicly guaranteed commitments 14,658 21,526 31,207 35,572 73,011 49,376 51,691 62,533 External debt flows Disbursements 23,031 41,443 152,487 205,008 309,225 341,148 215,289 248,650 Long-term external debt 15,008 37,075 149,698 201,927 307,980 331,656 193,895 237,021 IMF purchases 8,024 4,369 2,789 3,081 1,245 9,492 21,394 11,629 Principal repayments 12,765 31,287 96,625 107,038 120,846 168,258 165,077 206,788 Long-term external debt 12,113 26,370 84,041 98,148 114,566 165,770 164,143 204,517 IMF repurchases 652 4,917 12,585 8,889 6,280 2,488 935 2,271 Net flows 14,234 19,521 76,638 142,238 260,909 166,040 11,689 87,393 Long-term external debt 2,895 10,705 65,657 103,778 193,414 165,887 29,753 32,505 Short-term external debt 3,968 9,365 20,776 44,268 72,530 -6,850 -38,523 45,531 Interest payments 9,256 16,753 25,483 32,919 44,026 55,227 49,767 46,433 Long-term external debt 7,589 12,716 20,298 26,396 35,376 47,473 44,530 40,530 IMF charges 558 1,064 1,125 905 623 429 454 818 Short-term external debt 1,109 2,973 4,060 5,618 8,027 7,326 4,784 5,085 2. Other non-debt resource inflows Foreign direct investment 5,778 9,798 51,962 94,338 136,152 162,200 85,927 86,268 Portfolio equity 248 986 6,680 12,301 27,002 -15,265 6,367 -846 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 20.9 19.4 18.5 19.2 21.6 21.5 Japanese yen 8.2 5.2 3.3 2.9 2.4 3.1 2.9 2.9 Pound sterling 0.8 0.3 0.2 0.1 0.1 0.0 0.0 0.0 Swiss franc 2.7 0.3 0.5 1.1 1.0 1.0 0.4 0.3 U.S.dollars 47.6 64.1 70.9 73.2 75.7 74.6 73.0 73.1 4. Average terms of new commitments Official creditors Interest (%) 5.7 5.7 2.7 3.9 4.2 3.7 2.4 2.3 Maturity (years) 17.0 17.8 22.8 18.6 18.4 19.8 18.4 18.9 Grace period (years) 5.4 5.3 6.4 5.9 6.1 7.0 5.9 6.5 Private creditors Interest (%) 6.5 8.7 5.4 5.9 5.9 5.8 6.2 4.8 Maturity (years) 6.2 9.8 8.0 7.7 8.1 7.7 6.6 9.2 Grace period (years) 2.6 7.5 5.9 6.2 6.1 5.5 5.9 7.7 5. Major economic aggregates Gross national income (GNI) 758,617 694,348 1,662,717 2,028,818 2,630,779 3,234,326 2,540,148 2,963,163 Exports of goods, services & income 203,616 261,256 619,868 767,501 952,959 1,240,543 862,023 1,047,760 Worker remit. & comp. of employees 6,482 9,297 19,698 24,950 38,689 45,014 36,079 36,037 Imports of goods, services & income 223,651 249,262 619,371 792,315 1,047,340 1,324,445 908,808 1,098,640 Profit remittances on FDI 623 3,065 32,955 56,016 78,085 102,502 60,831 79,212 International reserves 43,240 68,091 314,138 488,160 715,709 657,825 684,441 750,644 6. Ratios External debt stocks to exports (%) 121.1 140.8 99.0 97.9 109.9 97.2 140.6 121.5 External debt stocks to GNI (%) 32.5 53.0 36.9 37.1 39.8 37.3 47.7 43.0 Debt service to exports (%) 10.8 18.4 19.7 18.2 17.3 18.0 24.9 24.2 Short-term to external debt stocks (%) 12.7 16.2 19.5 21.4 22.4 18.9 15.6 18.4 Multilateral to external debt stocks (%) 7.6 8.0 6.2 5.5 4.5 4.1 5.3 5.7 Reserves to external debt stocks (%) 17.5 18.5 51.2 64.9 68.3 54.5 56.5 58.9 Reserves to imports (months) 2.3 3.3 6.1 7.4 8.2 6.0 9.0 8.2 44 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 199,574 286,518 475,282 577,435 804,863 963,516 987,057 994,159 Public and publicly guaranteed 189,317 218,325 210,641 242,314 305,645 303,463 330,536 366,663 Official creditors 98,729 115,115 86,375 65,345 72,333 77,688 94,097 104,968 Multilateral 18,845 29,491 38,077 41,070 47,105 49,969 63,726 72,697 of which: IBRD 10,908 19,068 21,793 22,214 22,688 23,071 25,806 28,251 IDA 669 2,667 5,548 6,188 6,862 7,160 7,631 7,835 Bilateral 79,884 85,624 48,298 24,275 25,228 27,719 30,371 32,271 Private creditors 90,588 103,210 124,267 176,969 233,312 225,775 236,439 261,695 of which: Bonds 21,412 68,646 79,647 92,101 120,695 126,685 133,579 156,088 Commercial banks 35,523 24,725 39,474 80,400 109,250 96,314 100,424 103,376 Private nonguaranteed 10,256 68,193 264,641 335,121 499,218 660,053 656,521 627,496 of which: Bonds 149 3,333 46,448 70,958 108,189 115,941 108,733 109,348 Disbursements 15,008 37,075 149,698 201,927 307,980 331,656 193,895 237,021 Public and publicly guaranteed 12,803 21,250 26,150 42,406 70,578 41,161 63,105 73,519 Official creditors 5,327 6,925 5,190 6,338 9,349 11,270 21,064 19,296 Multilateral 3,418 4,373 4,251 5,184 6,481 7,479 16,575 15,344 of which: IBRD 2,166 2,655 1,816 2,477 2,153 2,825 4,968 5,383 IDA 370 351 420 412 468 423 509 439 Bilateral 1,909 2,552 940 1,154 2,868 3,792 4,488 3,952 Private creditors 7,476 14,325 20,960 36,068 61,229 29,891 42,041 54,223 of which: Bonds 2,419 7,907 7,787 15,553 31,685 18,488 15,267 31,975 Commercial banks 1,579 5,337 12,953 20,382 29,381 11,233 26,625 22,004 Private nonguaranteed 2,205 15,824 123,548 159,520 237,402 290,496 130,790 163,502 of which: Bonds 0 566 21,619 25,562 42,353 16,253 3,225 16,456 Principal repayments 12,113 26,370 84,041 98,148 114,566 165,770 164,143 204,517 Public and publicly guaranteed 10,940 12,747 39,062 43,566 23,010 37,243 28,047 31,622 Official creditors 3,652 5,804 23,887 30,935 6,624 6,304 5,856 6,019 Multilateral 1,987 2,270 4,034 3,757 3,817 4,018 3,830 3,828 of which: IBRD 901 961 2,932 2,654 2,411 2,472 2,336 2,261 IDA 6 6 23 38 56 75 92 105 Bilateral 1,665 3,534 19,853 27,179 2,807 2,286 2,026 2,191 Private creditors 7,289 6,943 15,175 12,630 16,386 30,938 22,191 25,603 of which: Bonds 2,765 2,241 10,660 5,614 7,283 10,602 9,620 7,667 Commercial banks 1,829 2,425 3,000 6,040 7,905 19,581 12,031 17,500 Private nonguaranteed 1,172 13,623 44,979 54,583 91,556 128,527 136,096 172,895 of which: Bonds 0 930 1,982 1,530 6,794 7,746 10,697 13,673 Interest payments 7,589 12,716 20,298 26,396 35,376 47,473 44,530 40,530 Public and publicly guaranteed 7,214 9,058 12,323 12,589 13,232 14,856 13,414 13,455 Official creditors 3,096 3,004 4,043 3,534 2,652 2,684 2,330 1,940 Multilateral 1,027 1,566 1,442 1,583 1,901 1,916 1,679 1,302 of which: IBRD 591 1,080 872 1,071 1,217 1,083 848 399 IDA 3 19 45 47 50 54 53 56 Bilateral 2,068 1,437 2,601 1,951 751 768 651 637 Private creditors 4,118 6,054 8,280 9,055 10,580 12,171 11,085 11,515 of which: Bonds 1,616 4,292 6,457 6,468 7,684 8,798 8,999 9,424 Commercial banks 1,402 1,247 1,530 2,337 2,667 3,182 1,944 1,981 Private nonguaranteed 375 3,658 7,975 13,807 22,143 32,617 31,115 27,076 of which: Bonds 13 312 2,732 4,544 7,017 7,904 8,073 7,369 200 Non-debt flows (bill US$) 150 Debt ratios (%) 150 100 100 50 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 45 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 608,673 751,068 738,623 736,981 824,828 882,341 899,103 1,038,725 Long-term external debt 459,185 631,256 606,510 617,331 680,098 731,327 751,466 828,184 Public and publicly guaranteed 371,882 389,534 410,027 392,670 404,130 417,621 429,963 457,714 Private nonguaranteed 87,303 241,722 196,483 224,661 275,968 313,706 321,503 370,470 Use of IMF credit 26,632 8,846 13,122 737 804 824 1,243 2,265 Short-term external debt 122,856 110,966 118,991 118,913 143,927 150,190 146,393 208,277 interest arrears on long-term 10,303 1,674 8,904 8,321 10,367 10,943 11,672 6,374 Memorandum items Principal arrears on long-term 15,834 3,510 12,361 13,126 16,955 19,264 20,449 9,959 Long-term public sector debt 369,917 386,575 407,550 390,442 401,931 415,034 426,100 453,530 Long-term private sector debt 89,269 244,681 198,959 226,889 278,167 316,292 325,366 374,654 Public & publicly guaranteed commitments 49,943 66,072 55,281 49,936 52,159 62,140 88,341 74,870 External debt flows Disbursements 89,784 119,832 100,122 132,640 149,257 158,864 155,204 193,616 Long-term external debt 74,013 116,322 99,530 132,077 149,008 158,651 154,754 192,157 IMF purchases 15,772 3,510 593 564 249 213 450 1,459 Principal repayments 43,123 124,162 112,476 147,474 103,180 102,976 96,857 96,088 Long-term external debt 40,291 109,925 84,303 134,791 102,960 102,804 96,804 95,937 IMF repurchases 2,832 14,237 28,172 12,683 220 173 53 151 Net flows 61,053 -5,247 8,060 -14,329 69,045 61,576 53,821 164,709 Long-term external debt 33,722 6,397 15,226 -2,714 46,048 55,848 57,951 96,220 Short-term external debt 14,392 -917 20,413 504 22,968 5,688 -4,526 67,182 Interest payments 35,905 54,789 40,709 45,828 47,720 44,884 41,265 44,157 Long-term external debt 28,411 47,273 33,347 39,605 40,635 40,740 38,344 38,914 IMF charges 1,100 777 1,732 330 35 26 9 17 Short-term external debt 6,393 6,739 5,630 5,894 7,050 4,117 2,912 5,227 2. Other non-debt resource inflows Foreign direct investment 30,201 79,052 73,544 72,003 110,437 130,026 78,321 112,626 Portfolio equity 4,754 -561 12,209 11,047 28,837 -9,658 41,582 41,300 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 9.5 10.7 11.4 10.2 11.1 8.9 Japanese yen 8.2 6.6 3.4 3.0 2.8 3.2 4.0 4.4 Pound sterling 1.1 0.6 0.2 0.3 0.2 0.1 0.4 0.4 Swiss franc 0.6 0.3 0.2 0.1 0.1 0.1 0.2 0.3 U.S.dollars 62.1 73.4 82.0 81.6 82.2 83.6 82.1 84.5 4. Average terms of new commitments Official creditors Interest (%) 7.6 5.9 4.4 5.4 5.2 3.5 2.1 1.8 Maturity (years) 14.2 12.5 18.8 18.9 18.3 20.6 18.8 19.6 Grace period (years) 4.1 2.8 4.9 5.4 5.0 5.3 6.4 6.0 Private creditors Interest (%) 6.8 9.4 7.3 6.2 7.2 6.5 5.9 5.3 Maturity (years) 4.1 12.6 14.5 14.9 16.3 15.9 11.1 14.3 Grace period (years) 2.9 11.6 12.0 12.7 12.5 11.3 9.8 12.6 5. Major economic aggregates Gross national income (GNI) 1,698,096 1,967,875 2,545,138 2,992,656 3,554,140 4,153,365 3,866,338 4,786,771 Exports of goods, services & income 289,620 442,911 666,610 798,414 911,867 1,044,003 821,954 1,017,266 Worker remit. & comp. of employees 13,318 20,164 49,795 58,840 62,874 64,414 56,572 57,245 Imports of goods, services & income 343,890 512,714 686,106 817,863 968,269 1,146,839 901,707 1,137,215 Profit remittances on FDI 14,909 22,785 53,525 76,782 90,487 94,352 77,457 88,845 International reserves 138,616 158,413 257,309 312,791 450,589 500,720 554,850 645,038 6. Ratios External debt stocks to exports (%) 210.2 169.6 110.8 92.3 90.5 84.5 109.4 102.1 External debt stocks to GNI (%) 35.8 38.2 29.0 24.6 23.2 21.2 23.3 21.7 Debt service to exports (%) 27.3 40.4 23.0 24.6 16.6 14.2 16.8 13.8 Short-term to external debt stocks (%) 20.2 14.8 16.1 16.1 17.4 17.0 16.3 20.1 Multilateral to external debt stocks (%) 11.9 12.3 14.0 13.0 11.6 11.5 12.8 12.6 Reserves to external debt stocks (%) 22.8 21.1 34.8 42.4 54.6 56.7 61.7 62.1 Reserves to imports (months) 4.8 3.7 4.5 4.6 5.6 5.2 7.4 6.8 46 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 459,185 631,256 606,510 617,331 680,098 731,327 751,466 828,184 Public and publicly guaranteed 371,882 389,534 410,027 392,670 404,130 417,621 429,963 457,714 Official creditors 159,022 139,658 134,217 123,807 121,353 130,632 149,159 169,259 Multilateral 72,134 92,652 103,248 95,870 95,349 101,372 115,092 130,489 of which: IBRD 36,299 37,429 34,958 31,528 31,534 33,857 40,439 48,533 IDA 2,186 3,387 5,049 1,529 1,692 1,778 1,468 1,606 Bilateral 86,888 47,005 30,969 27,937 26,004 29,260 34,067 38,770 Private creditors 212,860 249,877 275,810 268,863 282,776 286,989 280,804 288,456 of which: Bonds 165,105 210,023 232,945 226,132 235,342 240,986 240,414 238,992 Commercial banks 34,360 31,394 38,479 39,594 43,340 42,633 36,222 44,181 Private nonguaranteed 87,303 241,722 196,483 224,661 275,968 313,706 321,503 370,470 of which: Bonds 33,829 60,325 75,499 82,939 95,586 82,025 102,493 147,747 Disbursements 74,013 116,322 99,530 132,077 149,008 158,651 154,754 192,157 Public and publicly guaranteed 46,483 58,420 54,860 48,843 44,789 63,410 68,601 75,403 Official creditors 23,663 16,176 12,897 16,745 14,762 19,361 31,008 34,447 Multilateral 9,893 13,297 10,528 14,673 13,064 15,772 24,282 25,954 of which: IBRD 4,624 5,595 3,550 5,570 3,067 5,679 10,790 11,151 IDA 277 202 306 178 129 114 157 210 Bilateral 13,771 2,879 2,369 2,072 1,698 3,589 6,726 8,493 Private creditors 22,819 42,244 41,963 32,098 30,027 44,049 37,593 40,956 of which: Bonds 13,654 35,022 35,298 24,272 23,538 36,092 32,523 22,420 Commercial banks 7,427 6,476 6,168 7,229 6,155 7,798 4,405 16,083 Private nonguaranteed 27,530 57,903 44,670 83,233 104,220 95,242 86,153 116,754 of which: Bonds 7,412 8,312 16,018 20,751 26,935 10,020 28,605 52,980 Principal repayments 40,291 109,925 84,303 134,791 102,960 102,804 96,804 95,937 Public and publicly guaranteed 27,594 51,901 43,873 78,880 47,743 47,501 36,765 41,193 Official creditors 14,493 16,788 16,655 24,553 15,859 12,871 13,463 14,380 Multilateral 8,309 9,787 10,920 19,237 10,818 10,496 9,778 10,199 of which: IBRD 4,974 3,798 4,561 9,143 3,311 3,407 4,301 3,061 IDA 21 18 39 29 14 24 20 46 Bilateral 6,185 7,000 5,735 5,317 5,042 2,375 3,685 4,181 Private creditors 13,101 35,114 27,218 54,326 31,884 34,630 23,302 26,813 of which: Bonds 5,833 26,575 19,163 43,062 24,603 27,881 13,358 18,944 Commercial banks 4,240 6,934 7,270 10,111 6,501 6,117 8,755 6,541 Private nonguaranteed 12,696 58,024 40,430 55,911 55,217 55,303 60,039 54,745 of which: Bonds 3,922 8,849 10,583 13,165 13,292 9,228 7,062 7,680 Interest payments 28,411 47,273 33,347 39,605 40,635 40,740 38,344 38,914 Public and publicly guaranteed 22,582 29,249 24,140 24,600 25,257 23,626 21,952 22,102 Official creditors 8,831 8,531 5,590 5,994 5,996 5,464 5,035 4,685 Multilateral 4,850 6,323 4,452 4,985 5,020 4,658 4,085 3,751 of which: IBRD 2,651 2,801 1,507 1,813 1,781 1,545 1,302 1,050 IDA 23 17 37 23 12 14 12 11 Bilateral 3,981 2,209 1,138 1,009 976 806 950 934 Private creditors 13,751 20,717 18,550 18,606 19,260 18,162 16,917 17,417 of which: Bonds 11,254 17,194 16,721 16,496 17,245 16,275 14,864 15,959 Commercial banks 1,568 2,715 1,629 1,934 1,710 1,630 1,756 1,205 Private nonguaranteed 5,829 18,024 9,208 15,004 15,378 17,114 16,392 16,811 of which: Bonds 2,597 5,185 4,534 7,607 7,177 6,123 6,543 7,905 200 Non-debt flows (bill US$) 200 Debt ratios (%) 150 150 100 100 50 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 47 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 161,736 139,233 145,387 136,869 148,268 137,931 141,010 143,595 Long-term external debt 141,183 116,545 122,593 114,967 122,977 116,905 118,411 119,872 Public and publicly guaranteed 140,296 112,575 115,831 108,351 116,355 110,248 112,261 113,766 Private nonguaranteed 887 3,970 6,762 6,616 6,623 6,657 6,150 6,106 Use of IMF credit 2,177 2,542 547 423 353 258 200 195 Short-term external debt 18,375 20,145 22,247 21,479 24,937 20,768 22,400 23,528 interest arrears on long-term 2,673 2,629 298 307 256 259 326 342 Memorandum items Principal arrears on long-term 8,720 9,977 509 482 442 419 418 424 Long-term public sector debt 139,868 112,209 115,183 107,601 115,197 109,180 111,253 112,832 Long-term private sector debt 1,315 4,336 7,410 7,367 7,780 7,725 7,158 7,040 Public & publicly guaranteed commitments 12,036 10,177 13,605 12,061 10,585 9,759 11,733 15,337 External debt flows Disbursements 11,547 9,241 14,795 11,938 14,913 11,879 13,668 14,586 Long-term external debt 10,958 9,218 14,795 11,938 14,835 11,833 13,666 14,533 IMF purchases 590 24 0 0 78 46 2 53 Principal repayments 11,418 10,936 14,879 24,884 14,365 16,303 13,283 12,189 Long-term external debt 11,029 10,698 14,133 24,734 14,199 16,168 13,220 12,135 IMF repurchases 390 238 745 150 166 135 64 54 Net flows 3,702 -3,022 178 -13,724 4,057 -8,595 1,949 3,509 Long-term external debt -71 -1,480 662 -12,796 636 -4,335 446 2,398 Short-term external debt 3,573 -1,327 261 -777 3,509 -4,171 1,564 1,112 Interest payments 7,393 5,867 6,010 5,971 5,840 5,399 4,961 4,927 Long-term external debt 6,311 4,888 4,794 4,784 4,740 4,775 4,361 4,263 IMF charges 112 130 32 14 12 7 3 2 Short-term external debt 970 849 1,184 1,172 1,088 617 597 662 2. Other non-debt resource inflows Foreign direct investment 870 3,878 16,763 27,228 27,601 29,219 26,079 22,670 Portfolio equity 32 252 2,410 963 -2,096 422 1,200 36 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 29.5 31.0 33.3 31.4 32.2 30.5 Japanese yen 9.5 10.2 8.3 7.9 7.3 9.0 8.4 8.8 Pound sterling 1.1 0.9 1.7 1.7 1.6 0.6 0.6 0.6 Swiss franc 1.0 1.1 1.5 1.5 1.3 1.2 1.4 1.3 U.S.dollars 44.0 51.2 46.3 44.6 42.5 42.5 41.5 42.5 4. Average terms of new commitments Official creditors Interest (%) 5.2 4.6 3.8 3.8 3.6 3.4 2.2 1.7 Maturity (years) 17.3 19.5 19.1 22.5 19.4 21.2 20.5 21.5 Grace period (years) 5.2 5.5 5.7 6.9 5.9 5.6 5.7 5.8 Private creditors Interest (%) 7.2 7.5 5.7 6.8 6.0 8.6 7.8 4.7 Maturity (years) 9.7 7.4 7.4 10.9 7.8 5.8 7.0 14.5 Grace period (years) 3.3 3.5 5.3 7.9 5.4 5.7 6.5 10.8 5. Major economic aggregates Gross national income (GNI) 273,332 362,754 539,427 624,057 761,728 926,597 926,767 1,018,299 Exports of goods, services & income 89,138 117,615 216,120 265,310 312,740 395,622 328,128 337,575 Worker remit. & comp. of employees 11,468 10,460 23,647 25,125 31,041 34,699 32,412 31,016 Imports of goods, services & income 91,459 105,104 204,805 228,686 280,391 357,489 337,205 352,389 Profit remittances on FDI 941 1,721 8,245 9,342 9,208 10,410 11,355 3,595 International reserves 38,387 49,482 148,207 186,054 234,053 277,486 301,670 325,791 6. Ratios External debt stocks to exports (%) 181.4 118.4 67.3 51.6 47.4 34.9 43.0 42.5 External debt stocks to GNI (%) 59.2 38.4 27.0 21.9 19.5 14.9 15.2 14.1 Debt service to exports (%) 21.1 14.3 9.7 11.6 6.5 5.5 5.6 5.1 Short-term to external debt stocks (%) 11.4 14.5 15.3 15.7 16.8 15.1 15.9 16.4 Multilateral to external debt stocks (%) 14.1 16.6 17.8 18.8 20.6 22.4 24.5 24.9 Reserves to external debt stocks (%) 23.7 35.5 101.9 135.9 157.9 201.2 213.9 226.9 Reserves to imports (months) 5.0 5.6 8.7 9.8 10.0 9.3 10.7 11.1 48 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 141,183 116,545 122,593 114,967 122,977 116,905 118,411 119,872 Public and publicly guaranteed 140,296 112,575 115,831 108,351 116,355 110,248 112,261 113,766 Official creditors 105,107 88,163 77,471 70,215 76,497 74,278 77,734 77,550 Multilateral 22,871 23,099 25,834 25,701 30,476 30,836 34,602 35,803 of which: IBRD 10,646 7,664 6,757 6,144 7,447 7,123 8,016 8,532 IDA 2,105 2,685 3,344 3,616 3,795 3,802 3,831 3,751 Bilateral 82,236 65,064 51,637 44,514 46,022 43,441 43,132 41,747 Private creditors 35,189 24,412 38,361 38,136 39,857 35,970 34,527 36,216 of which: Bonds 2,036 7,375 22,142 23,179 24,579 23,907 23,544 26,825 Commercial banks 10,340 8,412 8,718 8,067 8,961 7,632 7,384 6,559 Private nonguaranteed 887 3,970 6,762 6,616 6,623 6,657 6,150 6,106 of which: Bonds 50 836 1,011 805 530 470 670 500 Disbursements 10,958 9,218 14,795 11,938 14,835 11,833 13,666 14,533 Public and publicly guaranteed 10,775 7,937 12,875 10,741 13,080 9,724 12,071 13,236 Official creditors 5,986 3,407 5,421 5,088 7,051 6,266 8,101 7,070 Multilateral 3,503 1,942 3,813 3,434 5,490 3,670 5,750 4,852 of which: IBRD 1,455 532 895 739 1,723 684 1,625 1,409 IDA 128 118 202 225 145 126 110 84 Bilateral 2,483 1,465 1,608 1,654 1,562 2,597 2,351 2,218 Private creditors 4,790 4,530 7,454 5,653 6,029 3,458 3,970 6,166 of which: Bonds 888 2,031 4,144 3,799 3,635 2,257 2,894 5,502 Commercial banks 874 1,092 2,264 1,444 2,076 1,027 1,010 640 Private nonguaranteed 183 1,281 1,920 1,197 1,755 2,108 1,595 1,297 of which: Bonds 50 115 530 0 0 0 200 0 Principal repayments 11,029 10,698 14,133 24,734 14,199 16,168 13,220 12,135 Public and publicly guaranteed 10,902 10,461 13,324 23,078 11,788 14,185 10,990 10,304 Official creditors 7,349 5,915 7,855 16,195 5,877 7,938 5,609 5,903 Multilateral 2,021 2,014 3,407 4,762 2,634 2,608 2,337 2,451 of which: IBRD 1,109 869 1,030 1,673 771 986 731 572 IDA 28 45 76 82 90 98 103 108 Bilateral 5,328 3,900 4,449 11,433 3,243 5,330 3,272 3,452 Private creditors 3,553 4,547 5,469 6,883 5,911 6,247 5,381 4,401 of which: Bonds 278 896 1,883 2,810 2,620 3,021 3,022 2,168 Commercial banks 629 1,425 1,764 2,470 1,913 1,722 1,347 1,404 Private nonguaranteed 127 237 809 1,656 2,411 1,983 2,230 1,831 of which: Bonds 0 50 265 206 275 60 0 170 Interest payments 6,311 4,888 4,794 4,784 4,740 4,775 4,361 4,263 Public and publicly guaranteed 6,278 4,734 4,504 4,480 4,466 4,515 4,100 4,048 Official creditors 4,258 3,127 2,498 2,267 2,136 2,226 2,022 2,112 Multilateral 1,361 1,305 1,014 1,030 1,085 1,191 1,071 976 of which: IBRD 748 602 308 296 329 352 260 161 IDA 15 20 28 27 28 30 28 28 Bilateral 2,897 1,822 1,484 1,237 1,051 1,034 951 1,136 Private creditors 2,020 1,607 2,006 2,213 2,330 2,290 2,077 1,936 of which: Bonds 88 458 1,366 1,499 1,591 1,623 1,669 1,662 Commercial banks 617 569 320 399 430 401 267 191 Private nonguaranteed 33 154 290 304 274 260 262 215 of which: Bonds 0 69 90 74 57 40 43 51 30 Non-debt flows (bill US$) 250 Debt ratios (%) 200 20 150 100 10 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 49 SOUTH ASIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 152,282 161,043 188,531 232,851 287,534 321,146 353,417 400,596 Long-term external debt 137,937 153,065 174,473 201,953 243,649 266,288 292,199 325,804 Public and publicly guaranteed 129,636 134,552 116,372 126,998 144,428 156,023 169,387 194,376 Private nonguaranteed 8,301 18,514 58,101 74,956 99,221 110,265 122,812 131,428 Use of IMF credit 5,293 1,918 2,208 2,232 2,277 5,374 9,081 10,913 Short-term external debt 9,051 6,059 11,851 28,665 41,607 49,483 52,137 63,879 interest arrears on long-term 59 120 30 18 36 33 47 100 Memorandum items Principal arrears on long-term 81 276 68 90 150 86 141 159 Long-term public sector debt 128,962 133,778 116,200 126,847 144,293 155,829 169,184 194,142 Long-term private sector debt 8,975 19,287 58,273 75,107 99,356 110,459 123,014 131,662 Public & publicly guaranteed commitments 8,435 12,817 10,443 12,965 20,635 17,483 22,817 24,912 External debt flows Disbursements 12,071 14,190 24,777 38,957 71,730 49,093 39,248 52,398 Long-term external debt 11,869 13,995 24,521 38,785 71,642 45,650 35,271 50,074 IMF purchases 202 195 256 171 88 3,443 3,978 2,325 Principal repayments 11,610 9,798 22,038 15,150 35,110 27,408 15,585 19,891 Long-term external debt 9,605 9,315 21,763 14,889 34,953 27,140 15,228 19,541 IMF repurchases 2,006 483 275 261 157 268 356 349 Net flows 2,497 3,454 5,023 40,633 49,544 29,565 26,304 44,161 Long-term external debt 2,264 4,680 2,759 23,896 36,689 18,510 20,043 30,532 Short-term external debt 2,037 -938 2,284 16,826 12,924 7,880 2,640 11,653 Interest payments 6,524 5,659 5,685 6,374 9,013 9,069 7,223 7,469 Long-term external debt 5,666 5,277 5,214 5,755 6,941 7,336 6,460 6,493 IMF charges 234 58 26 26 23 23 76 140 Short-term external debt 624 323 446 592 2,049 1,710 687 836 2. Other non-debt resource inflows Foreign direct investment 2,931 4,368 11,229 26,087 32,742 51,071 39,404 27,960 Portfolio equity 1,585 2,518 12,406 10,388 33,970 -15,836 20,541 39,447 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.5 7.5 7.2 6.3 6.0 4.9 Japanese yen 17.0 15.3 19.1 18.3 17.1 20.1 18.3 18.4 Pound sterling 3.6 2.8 2.2 1.9 1.5 1.3 1.1 0.9 Swiss franc 0.7 0.3 0.3 0.2 0.2 0.2 0.1 0.1 U.S.dollars 46.0 56.6 54.4 55.6 56.7 55.0 57.7 60.4 4. Average terms of new commitments Official creditors Interest (%) 3.7 5.1 2.0 3.1 3.4 1.9 1.4 1.8 Maturity (years) 25.8 23.4 27.7 26.2 26.1 26.8 25.6 27.9 Grace period (years) 7.7 6.4 7.9 6.2 6.9 6.5 6.6 7.9 Private creditors Interest (%) 5.8 4.4 4.7 4.7 6.7 4.1 4.3 2.9 Maturity (years) 6.0 5.3 6.1 7.9 9.2 9.0 4.0 7.2 Grace period (years) 3.9 4.6 4.1 6.8 4.6 2.7 3.0 4.5 5. Major economic aggregates Gross national income (GNI) 473,560 603,668 1,043,978 1,186,944 1,511,378 1,525,991 1,705,510 2,090,779 Exports of goods, services & income 61,117 88,739 201,532 248,253 304,933 380,860 328,149 424,897 Worker remit. & comp. of employees 10,005 17,206 33,924 42,525 54,044 71,638 75,063 82,209 Imports of goods, services & income 86,693 116,954 258,918 316,030 384,182 508,643 436,818 565,989 Profit remittances on FDI 392 721 7,979 11,542 15,236 16,583 16,197 17,147 International reserves 30,704 47,221 156,716 198,417 302,183 275,859 315,151 337,472 6. Ratios External debt stocks to exports (%) 249.2 181.5 93.5 93.8 94.3 84.3 107.7 94.3 External debt stocks to GNI (%) 32.2 26.7 18.1 19.6 19.0 21.0 20.7 19.2 Debt service to exports (%) 29.7 17.4 13.8 8.7 14.5 9.6 7.0 6.4 Short-term to external debt stocks (%) 5.9 3.8 6.3 12.3 14.5 15.4 14.8 15.9 Multilateral to external debt stocks (%) 37.3 37.9 36.9 32.6 29.0 27.7 26.9 25.1 Reserves to external debt stocks (%) 20.2 29.3 83.1 85.2 105.1 85.9 89.2 84.2 Reserves to imports (months) 4.3 4.8 7.3 7.5 9.4 6.5 8.7 7.2 50 SOUTH ASIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 137,937 153,065 174,473 201,953 243,649 266,288 292,199 325,804 Public and publicly guaranteed 129,636 134,552 116,372 126,998 144,428 156,023 169,387 194,376 Official creditors 104,110 101,864 109,589 116,638 127,148 137,669 145,635 155,989 Multilateral 56,867 61,051 69,604 75,950 83,312 89,008 95,071 100,595 of which: IBRD 13,035 10,209 7,514 8,151 8,766 9,376 10,151 12,868 IDA 29,001 31,963 42,193 45,803 48,915 49,529 51,505 51,238 Bilateral 47,243 40,812 39,984 40,688 43,836 48,661 50,565 55,395 Private creditors 25,526 32,688 6,783 10,360 17,280 18,354 23,751 38,387 of which: Bonds 3,474 10,928 2,525 4,178 7,879 7,670 12,671 23,980 Commercial banks 14,176 19,576 3,768 5,482 8,581 9,904 10,395 13,760 Private nonguaranteed 8,301 18,514 58,101 74,956 99,221 110,265 122,812 131,428 of which: Bonds 1,065 1,560 6,461 11,204 16,277 15,682 16,176 13,883 Disbursements 11,869 13,995 24,521 38,785 71,642 45,650 35,271 50,074 Public and publicly guaranteed 9,935 13,409 10,987 14,197 22,203 24,635 17,874 30,691 Official creditors 6,392 6,119 7,405 8,291 9,298 11,233 12,783 13,692 Multilateral 3,972 4,347 5,728 6,244 6,989 7,937 8,799 9,211 of which: IBRD 860 866 1,081 1,134 1,178 1,176 1,498 3,395 IDA 1,374 1,655 2,709 2,452 2,572 2,151 2,944 1,944 Bilateral 2,420 1,772 1,677 2,047 2,309 3,296 3,984 4,481 Private creditors 3,542 7,290 3,582 5,905 12,905 13,401 5,092 16,999 of which: Bonds 85 5,520 2,314 3,252 8,639 11,507 2,265 12,050 Commercial banks 1,901 940 1,245 2,368 4,128 1,862 2,819 4,948 Private nonguaranteed 1,934 586 13,534 24,589 49,439 21,015 17,396 19,382 of which: Bonds 520 0 3,520 4,799 7,793 594 2,473 1,288 Principal repayments 9,605 9,315 21,763 14,889 34,953 27,140 15,228 19,541 Public and publicly guaranteed 9,107 8,607 14,496 6,987 11,362 16,339 8,713 8,876 Official creditors 5,763 5,351 4,461 4,643 4,809 5,586 5,413 6,049 Multilateral 2,227 2,827 2,166 2,485 2,517 3,080 3,164 3,409 of which: IBRD 1,173 1,231 523 543 631 687 707 726 IDA 318 548 949 1,069 1,112 1,223 1,321 1,349 Bilateral 3,537 2,524 2,295 2,158 2,292 2,506 2,248 2,640 Private creditors 3,343 3,256 10,035 2,344 6,553 10,753 3,301 2,827 of which: Bonds 320 50 8,565 1,597 5,313 9,533 1,088 748 Commercial banks 2,002 2,868 1,274 670 1,199 1,145 2,139 2,009 Private nonguaranteed 498 707 7,266 7,902 23,591 10,801 6,515 10,665 of which: Bonds 0 35 117 57 409 880 1,779 2,451 Interest payments 5,666 5,277 5,214 5,755 6,941 7,336 6,460 6,493 Public and publicly guaranteed 5,004 4,396 3,940 2,415 2,735 2,947 2,688 2,767 Official creditors 2,934 2,274 1,904 2,053 2,249 2,306 2,142 2,077 Multilateral 1,640 1,366 899 1,135 1,327 1,333 1,092 879 of which: IBRD 995 613 252 387 470 401 266 104 IDA 215 236 342 343 355 388 371 380 Bilateral 1,294 907 1,005 919 922 973 1,050 1,199 Private creditors 2,070 2,122 2,036 362 486 641 545 689 of which: Bonds 196 210 1,849 154 211 290 259 232 Commercial banks 1,317 1,806 171 198 264 330 269 255 Private nonguaranteed 663 881 1,274 3,340 4,206 4,389 3,772 3,726 of which: Bonds 58 227 151 276 404 345 346 451 100 Non-debt flows (bill US$) 200 Debt ratios (%) 150 50 100 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 51 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 235,768 211,015 214,493 170,688 189,447 196,819 199,834 205,992 Long-term external debt 186,633 172,835 177,830 126,578 141,442 144,635 157,305 162,065 Public and publicly guaranteed 174,873 161,487 169,182 117,297 125,183 130,480 140,080 143,293 Private nonguaranteed 11,760 11,348 8,648 9,281 16,259 14,155 17,224 18,772 Use of IMF credit 8,654 6,734 5,947 3,140 3,341 3,963 6,261 5,991 Short-term external debt 40,481 31,445 30,716 40,969 44,665 48,221 36,269 37,936 interest arrears on long-term 20,712 13,473 14,003 14,849 14,266 13,334 11,266 11,474 Memorandum items Principal arrears on long-term 40,990 25,343 23,817 24,376 22,585 20,969 19,322 17,278 Long-term public sector debt 174,747 160,580 169,084 117,261 125,156 130,461 140,062 143,281 Long-term private sector debt 11,886 12,255 8,746 9,318 16,286 14,174 17,243 18,784 Public & publicly guaranteed commitments 9,157 8,355 23,790 12,501 18,846 18,320 29,920 31,136 External debt flows Disbursements 14,005 10,102 16,078 13,389 24,220 15,372 23,027 23,327 Long-term external debt 11,011 9,578 15,755 13,092 23,867 13,960 20,404 21,983 IMF purchases 2,994 525 323 298 354 1,413 2,623 1,344 Principal repayments 9,419 9,016 12,131 17,076 13,569 8,976 9,698 8,219 Long-term external debt 7,048 8,557 11,384 16,719 13,272 8,289 9,313 8,070 IMF repurchases 2,371 460 747 357 296 687 385 149 Net flows 7,502 -1,799 6,976 5,721 14,930 10,885 3,437 16,568 Long-term external debt 3,963 1,021 4,372 -3,627 10,594 5,671 11,091 13,913 Short-term external debt 2,917 -2,886 3,028 9,407 4,279 4,488 -9,893 1,460 Interest payments 5,337 4,443 7,961 4,302 5,244 4,998 3,968 4,362 Long-term external debt 3,975 3,319 7,323 3,421 4,061 3,580 3,246 3,707 IMF charges 559 43 27 39 14 494 28 8 Short-term external debt 803 1,081 612 842 1,169 925 694 647 2. Other non-debt resource inflows Foreign direct investment 4,259 6,458 18,551 16,196 28,304 37,459 32,765 28,828 Portfolio equity 2,952 4,164 8,083 16,808 10,146 -5,700 10,198 8,014 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 19.8 22.8 21.8 19.4 18.9 15.1 Japanese yen 5.5 4.1 3.6 3.2 2.8 3.8 3.2 2.4 Pound sterling 3.8 2.1 4.2 1.7 1.5 1.0 1.1 0.7 Swiss franc 2.1 1.5 1.9 2.5 2.5 2.5 2.5 2.8 U.S.dollars 40.7 61.4 55.0 51.8 52.1 54.0 54.0 56.8 4. Average terms of new commitments Official creditors Interest (%) 1.8 1.1 4.3 1.5 1.4 1.8 1.6 1.7 Maturity (years) 31.7 36.3 21.4 29.3 31.1 29.2 23.8 25.6 Grace period (years) 8.7 9.1 4.5 7.2 7.8 7.7 6.1 6.7 Private creditors Interest (%) 5.7 5.8 5.6 6.8 6.7 4.3 6.0 3.0 Maturity (years) 12.4 7.7 7.2 11.2 8.8 6.7 8.1 13.8 Grace period (years) 1.9 2.1 1.9 4.9 5.3 1.0 4.5 5.7 5. Major economic aggregates Gross national income (GNI) 310,011 319,885 605,039 714,969 813,792 927,613 891,648 1,030,221 Exports of goods, services & income 90,831 114,029 239,831 279,331 333,944 403,588 302,503 381,517 Worker remit. & comp. of employees 3,159 4,825 9,630 12,794 18,746 21,710 20,183 21,087 Imports of goods, services & income 111,296 117,777 242,210 287,361 367,782 454,698 373,032 449,772 Profit remittances on FDI 3,952 7,860 17,650 23,931 39,134 47,127 33,276 32,065 International reserves 20,652 36,505 82,452 114,886 141,827 152,687 155,416 153,626 6. Ratios External debt stocks to exports (%) 259.6 185.1 89.4 61.1 56.7 48.8 66.1 54.0 External debt stocks to GNI (%) 76.1 66.0 35.5 23.9 23.3 21.2 22.4 20.0 Debt service to exports (%) 16.2 11.8 8.4 7.7 5.6 3.5 4.5 3.3 Short-term to external debt stocks (%) 17.2 14.9 14.3 24.0 23.6 24.5 18.1 18.4 Multilateral to external debt stocks (%) 23.1 25.9 33.8 25.3 25.3 25.5 27.3 28.3 Reserves to external debt stocks (%) 8.8 17.3 38.4 67.3 74.9 77.6 77.8 74.6 Reserves to imports (months) 2.2 3.7 4.1 4.8 4.6 4.0 5.0 4.1 52 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 186,633 172,835 177,830 126,578 141,442 144,635 157,305 162,065 Public and publicly guaranteed 174,873 161,487 169,182 117,297 125,183 130,480 140,080 143,293 Official creditors 138,312 135,459 135,148 87,942 93,471 96,623 104,051 107,041 Multilateral 54,428 54,568 72,511 43,144 47,991 50,199 54,614 58,220 of which: IBRD 7,641 3,477 2,015 1,799 1,524 994 900 1,175 IDA 27,842 33,574 48,444 24,187 27,325 29,318 31,612 32,943 Bilateral 83,884 80,891 62,638 44,798 45,480 46,424 49,436 48,821 Private creditors 36,561 26,029 34,034 29,355 31,712 33,858 36,030 36,252 of which: Bonds 4,784 9,150 10,734 9,285 12,078 11,775 13,368 14,684 Commercial banks 12,568 8,439 17,836 15,509 15,829 18,436 18,272 17,048 Private nonguaranteed 11,760 11,348 8,648 9,281 16,259 14,155 17,224 18,772 of which: Bonds 350 1,360 1,307 1,484 6,715 6,017 6,049 5,471 Disbursements 11,011 9,578 15,755 13,092 23,867 13,960 20,404 21,983 Public and publicly guaranteed 10,264 7,459 12,496 9,903 16,589 12,979 17,640 19,294 Official creditors 5,873 4,141 6,107 6,572 7,897 7,935 10,915 14,603 Multilateral 4,202 3,359 4,789 4,542 4,976 4,967 6,989 7,416 of which: IBRD 274 75 14 1 31 45 113 405 IDA 2,390 2,193 2,943 2,749 2,987 2,898 3,444 3,943 Bilateral 1,671 782 1,318 2,029 2,921 2,968 3,926 7,186 Private creditors 4,390 3,318 6,389 3,331 8,692 5,044 6,725 4,692 of which: Bonds 541 765 0 2,076 3,525 0 2,200 2,000 Commercial banks 1,623 1,752 6,112 814 4,905 4,704 3,246 1,854 Private nonguaranteed 747 2,119 3,260 3,189 7,278 980 2,764 2,689 of which: Bonds 350 712 1,307 0 5,587 0 0 0 Principal repayments 7,048 8,557 11,384 16,719 13,272 8,289 9,313 8,070 Public and publicly guaranteed 5,808 7,159 10,677 14,207 11,260 6,382 7,908 6,240 Official creditors 2,975 3,440 6,588 8,170 5,147 3,737 3,347 2,758 Multilateral 2,016 1,630 1,554 1,555 1,736 1,999 1,768 1,282 of which: IBRD 1,056 552 286 284 406 620 202 123 IDA 120 225 248 238 195 463 266 255 Bilateral 959 1,811 5,034 6,615 3,411 1,738 1,579 1,477 Private creditors 2,834 3,719 4,089 6,037 6,113 2,644 4,561 3,482 of which: Bonds 40 480 1 1,742 1,222 52 294 23 Commercial banks 1,261 2,444 3,523 3,169 3,853 2,167 3,804 3,038 Private nonguaranteed 1,240 1,398 706 2,511 2,012 1,907 1,405 1,830 of which: Bonds 0 0 0 0 1,390 698 0 578 Interest payments 3,975 3,319 7,323 3,421 4,061 3,580 3,246 3,707 Public and publicly guaranteed 3,471 2,915 6,971 2,983 3,520 3,023 2,664 2,225 Official creditors 2,006 1,826 5,856 1,408 2,084 1,666 1,523 1,201 Multilateral 1,234 843 757 694 1,053 927 861 614 of which: IBRD 630 213 53 47 339 109 22 19 IDA 178 199 313 240 179 277 196 204 Bilateral 772 983 5,099 713 1,031 739 662 587 Private creditors 1,465 1,089 1,115 1,575 1,436 1,357 1,141 1,024 of which: Bonds 322 561 517 552 539 677 649 807 Commercial banks 457 303 425 778 750 548 398 158 Private nonguaranteed 504 405 352 438 541 556 582 1,483 of which: Bonds 0 41 61 89 132 241 241 1,027 50 Non-debt flows (bill US$) 200 Debt ratios (%) 150 25 100 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 53 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 113,033 108,371 117,997 99,743 109,232 115,451 119,669 116,593 Long-term external debt 98,419 92,872 103,423 84,975 92,919 98,250 103,185 99,631 Public and publicly guaranteed 95,691 90,326 102,613 84,032 91,660 95,379 100,165 95,929 Private nonguaranteed 2,728 2,546 811 943 1,259 2,871 3,019 3,703 Use of IMF credit 4,710 4,037 4,324 2,852 3,151 4,047 5,304 4,156 Short-term external debt 9,904 11,461 10,250 11,916 13,162 13,153 11,181 12,806 interest arrears on long-term 7,452 7,639 6,843 7,202 7,237 6,286 5,292 5,651 Memorandum items Principal arrears on long-term 17,967 15,441 13,620 14,179 15,128 14,081 15,053 14,078 Long-term public sector debt 95,227 90,029 102,452 83,923 91,535 95,255 100,032 95,895 Long-term private sector debt 3,192 2,843 971 1,051 1,383 2,996 3,152 3,736 Public & publicly guaranteed commitments 3,851 4,217 6,210 7,906 9,075 9,301 10,240 13,158 External debt flows Disbursements 5,347 3,991 5,641 5,744 6,490 9,384 11,278 10,664 Long-term external debt 4,890 3,602 5,239 5,419 6,117 7,775 9,774 9,919 IMF purchases 457 389 402 324 373 1,610 1,505 745 Principal repayments 2,901 2,393 2,492 2,140 2,615 3,005 3,041 4,064 Long-term external debt 2,599 1,999 2,036 1,900 2,405 2,396 2,747 3,870 IMF repurchases 302 394 456 241 210 609 293 194 Net flows 2,775 1,246 2,574 4,912 5,085 7,321 7,259 7,832 Long-term external debt 2,291 1,603 3,202 3,520 3,711 5,378 7,026 6,049 Short-term external debt 329 -353 -575 1,308 1,211 942 -979 1,232 Interest payments 1,438 1,116 1,039 1,102 1,601 1,819 1,187 1,137 Long-term external debt 1,249 827 854 838 1,339 1,163 1,047 1,008 IMF charges 60 37 17 37 12 495 31 5 Short-term external debt 129 251 168 227 250 161 110 125 2. Other non-debt resource inflows Foreign direct investment 1,233 2,385 4,471 5,390 9,935 10,522 9,231 12,716 Portfolio equity -10 0 49 70 139 -25 -2 -52 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.8 11.1 11.3 10.0 9.3 6.7 Japanese yen 11.7 10.8 9.3 10.7 10.0 10.5 9.7 8.2 Pound sterling 2.6 2.3 1.7 1.4 1.3 1.0 1.0 0.9 Swiss franc 1.0 0.7 0.6 0.7 0.5 0.4 0.3 0.3 U.S.dollars 41.3 51.5 54.2 49.9 49.1 49.4 49.7 50.2 4. Average terms of new commitments Official creditors Interest (%) 1.7 1.2 1.2 1.5 1.4 1.3 1.3 1.0 Maturity (years) 34.3 36.4 35.2 33.5 34.6 34.2 31.4 33.4 Grace period (years) 9.3 9.3 8.8 8.5 8.8 9.0 7.9 9.2 Private creditors Interest (%) 3.4 5.2 3.9 6.3 4.2 4.1 4.0 1.8 Maturity (years) 5.7 11.5 14.3 16.6 10.9 7.8 9.3 17.8 Grace period (years) 1.1 3.2 3.6 3.2 2.5 2.7 2.9 3.9 5. Major economic aggregates Gross national income (GNI) 135,122 160,215 232,472 254,435 301,279 356,119 378,964 409,271 Exports of goods, services & income 25,183 31,867 57,025 68,142 83,364 101,175 89,830 108,306 Worker remit. & comp. of employees 2,125 4,078 9,860 12,737 16,382 21,748 22,555 24,553 Imports of goods, services & income 41,832 45,124 78,719 91,793 115,044 146,728 131,988 156,562 Profit remittances on FDI 252 653 3,605 3,687 3,265 3,126 2,799 2,134 International reserves 9,744 10,917 19,345 22,491 28,804 29,773 41,985 42,464 6. Ratios External debt stocks to exports (%) 448.9 340.1 206.9 146.4 131.0 114.1 133.2 107.7 External debt stocks to GNI (%) 83.7 67.6 50.8 39.2 36.3 32.4 31.6 28.5 Debt service to exports (%) 17.2 11.0 6.2 4.8 5.1 4.8 4.7 4.8 Short-term to external debt stocks (%) 8.8 10.6 8.7 11.9 12.0 11.4 9.3 11.0 Multilateral to external debt stocks (%) 39.4 45.9 58.6 50.7 51.3 51.3 52.0 54.2 Reserves to external debt stocks (%) 8.6 10.1 16.4 22.5 26.4 25.8 35.1 36.4 Reserves to imports (months) 2.8 2.9 2.9 2.9 3.0 2.4 3.8 3.3 54 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 98,419 92,872 103,423 84,975 92,919 98,250 103,185 99,631 Public and publicly guaranteed 95,691 90,326 102,613 84,032 91,660 95,379 100,165 95,929 Official creditors 91,045 86,996 99,243 80,729 88,307 92,249 96,110 92,057 Multilateral 44,589 49,743 69,133 50,520 55,994 59,284 62,224 63,201 of which: IBRD 1,458 718 618 622 480 464 463 463 IDA 27,443 31,597 45,650 30,255 33,318 35,147 36,116 36,019 Bilateral 46,456 37,253 30,110 30,209 32,313 32,965 33,886 28,856 Private creditors 4,646 3,330 3,369 3,303 3,353 3,131 4,056 3,871 of which: Bonds 129 7 1 1 0 0 0 0 Commercial banks 1,517 1,659 1,628 1,587 1,624 1,568 1,419 1,142 Private nonguaranteed 2,728 2,546 811 943 1,259 2,871 3,019 3,703 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 4,890 3,602 5,239 5,419 6,117 7,775 9,774 9,919 Public and publicly guaranteed 4,624 3,547 5,179 5,235 5,822 6,846 8,993 8,189 Official creditors 4,173 3,364 4,991 5,197 5,792 6,790 7,858 7,333 Multilateral 3,156 2,911 4,429 4,117 4,731 5,197 5,924 5,011 of which: IBRD 32 19 1 0 0 0 0 0 IDA 1,837 1,925 2,710 2,363 2,831 2,905 2,767 2,662 Bilateral 1,017 453 561 1,079 1,061 1,593 1,934 2,321 Private creditors 451 183 188 38 30 56 1,135 857 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 149 108 57 18 9 6 7 385 Private nonguaranteed 265 55 60 185 295 928 781 1,730 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 2,599 1,999 2,036 1,900 2,405 2,396 2,747 3,870 Public and publicly guaranteed 2,396 1,776 1,922 1,847 2,266 2,087 2,057 2,705 Official creditors 1,743 1,539 1,776 1,691 2,180 2,005 1,942 2,017 Multilateral 824 786 1,106 1,130 1,382 1,321 1,232 1,221 of which: IBRD 218 104 5 5 167 26 0 0 IDA 160 270 374 406 393 590 487 507 Bilateral 918 753 670 560 798 684 710 796 Private creditors 653 237 146 157 85 82 115 688 of which: Bonds 30 0 1 0 0 0 0 0 Commercial banks 284 129 82 74 18 19 37 576 Private nonguaranteed 203 223 114 52 140 309 690 1,165 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 1,249 827 854 838 1,339 1,163 1,047 1,008 Public and publicly guaranteed 1,174 732 836 826 1,325 1,125 977 885 Official creditors 1,018 668 812 791 1,296 1,099 948 848 Multilateral 546 423 602 568 947 737 617 594 of which: IBRD 110 36 2 2 294 1 0 0 IDA 196 194 314 272 228 274 239 234 Bilateral 472 245 209 223 349 362 331 254 Private creditors 156 64 25 35 29 26 29 37 of which: Bonds 6 0 0 0 0 0 0 0 Commercial banks 86 36 9 12 9 8 14 19 Private nonguaranteed 74 96 17 12 14 38 69 123 of which: Bonds 0 0 0 0 0 0 0 0 15 Non-debt flows (bill US$) 350 Debt ratios (%) 300 250 10 200 150 5 100 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 55 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,747,589 2,017,980 2,396,068 2,575,552 3,111,285 3,383,722 3,519,926 3,959,705 Long-term external debt 1,371,451 1,685,468 1,860,628 1,976,690 2,348,012 2,615,660 2,709,906 2,875,628 Public and publicly guaranteed 1,165,689 1,197,112 1,180,290 1,162,274 1,264,183 1,302,077 1,376,910 1,486,657 Private nonguaranteed 205,762 488,356 680,338 814,416 1,083,829 1,313,583 1,332,997 1,388,971 Use of IMF credit 55,172 54,229 44,855 17,007 12,389 21,693 47,994 60,505 Short-term external debt 320,967 278,284 490,584 581,855 750,884 746,369 762,026 1,023,572 interest arrears on long-term 37,064 24,102 21,580 18,825 20,399 21,209 21,136 15,439 Memorandum items Principal arrears on long-term 86,617 45,202 32,609 30,595 32,520 35,059 35,924 26,792 Long-term public sector debt 1,161,065 1,191,511 1,175,860 1,158,079 1,259,455 1,296,556 1,365,449 1,474,309 Long-term private sector debt 210,386 493,957 684,769 818,611 1,088,556 1,319,104 1,344,457 1,401,319 Public & publicly guaranteed commitments 136,808 141,693 153,089 135,495 185,248 176,647 236,847 237,606 External debt flows Disbursements 204,200 234,476 377,582 473,258 654,080 655,629 523,186 645,008 Long-term external debt 176,874 224,750 374,024 469,469 652,439 642,632 496,070 628,912 IMF purchases 27,326 9,725 3,559 3,789 1,640 12,997 27,117 16,097 Principal repayments 117,673 230,080 324,585 380,956 360,115 393,222 380,000 424,853 Long-term external debt 109,334 209,872 280,919 350,377 353,170 390,031 378,450 422,024 IMF repurchases 8,339 20,209 43,666 30,579 6,945 3,191 1,550 2,829 Net flows 140,304 -2,766 135,166 186,327 461,014 257,083 158,908 487,398 Long-term external debt 67,540 14,879 93,104 119,092 299,269 252,601 117,620 206,887 Short-term external debt 53,778 -7,162 82,169 94,025 167,050 -5,325 15,723 267,243 Interest payments 83,597 111,628 102,671 116,290 135,733 140,782 124,699 153,298 Long-term external debt 66,242 93,076 82,966 93,367 107,870 119,650 110,197 110,942 IMF charges 2,571 2,827 3,260 1,585 698 484 541 982 Short-term external debt 14,784 15,724 16,445 21,338 27,165 20,648 13,961 41,374 2. Other non-debt resource inflows Foreign direct investment 93,604 146,336 310,013 382,135 524,206 613,587 390,719 493,345 Portfolio equity 13,327 13,948 67,423 107,629 132,814 -53,338 108,757 128,465 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 14.4 14.7 15.1 13.8 14.5 13.0 Japanese yen 13.1 12.0 10.1 9.8 8.9 10.6 10.1 10.5 Pound sterling 1.5 0.9 1.0 0.7 0.6 0.4 0.4 0.4 Swiss franc 1.1 0.4 0.6 0.6 0.6 0.6 0.5 0.5 U.S.dollars 48.7 63.9 67.1 67.9 69.0 69.2 69.2 70.7 4. Average terms of new commitments Official creditors Interest (%) 6.0 5.1 3.8 4.2 4.0 2.9 1.9 1.9 Maturity (years) 18.5 18.7 20.8 21.5 21.7 22.4 20.8 21.7 Grace period (years) 5.2 4.7 5.4 5.9 6.1 6.2 6.1 6.4 Private creditors Interest (%) 6.5 8.2 6.3 6.2 6.4 6.0 6.2 4.9 Maturity (years) 7.4 11.2 11.3 11.8 11.0 11.7 9.7 12.3 Grace period (years) 3.4 8.5 8.7 9.5 8.1 8.0 8.2 9.1 5. Major economic aggregates Gross national income (GNI) 4,660,936 5,467,289 9,197,759 10,946,254 13,596,825 16,261,351 15,873,869 19,009,329 Exports of goods, services & income 1,117,625 1,623,451 3,253,909 3,980,218 4,822,353 5,799,505 4,640,317 5,829,275 Worker remit. & comp. of employees 51,224 73,674 177,120 208,905 260,020 301,173 283,716 294,999 Imports of goods, services & income 1,260,596 1,661,458 3,190,879 3,802,615 4,656,274 5,685,743 4,632,376 5,873,025 Profit remittances on FDI 36,457 67,170 193,082 253,361 322,721 375,200 316,476 340,760 International reserves 429,657 631,836 1,959,728 2,593,468 3,672,428 4,123,910 4,793,625 5,545,172 6. Ratios External debt stocks to exports (%) 156.4 124.3 73.6 64.7 64.5 58.3 75.9 67.9 External debt stocks to GNI (%) 37.5 36.9 26.1 23.5 22.9 20.8 22.2 20.8 Debt service to exports (%) 18.0 21.0 13.1 12.6 10.3 9.2 10.9 9.9 Short-term to external debt stocks (%) 18.4 13.8 20.5 22.6 24.1 22.1 21.6 25.8 Multilateral to external debt stocks (%) 13.4 13.7 12.7 11.6 10.2 9.9 10.8 10.6 Reserves to external debt stocks (%) 24.6 31.3 81.8 100.7 118.0 121.9 136.2 140.0 Reserves to imports (months) 4.1 4.6 7.4 8.2 9.5 8.7 12.4 11.3 56 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,371,451 1,685,468 1,860,628 1,976,690 2,348,012 2,615,660 2,709,906 2,875,628 Public and publicly guaranteed 1,165,689 1,197,112 1,180,290 1,162,274 1,264,183 1,302,077 1,376,910 1,486,657 Official creditors 673,806 664,698 616,000 555,711 580,450 618,763 676,235 730,518 Multilateral 234,164 276,875 304,508 297,638 317,881 335,717 381,551 420,640 of which: IBRD 104,982 107,604 95,752 91,764 93,171 96,232 108,233 124,389 IDA 44,052 55,199 75,427 68,750 74,356 76,122 80,851 82,589 Bilateral 439,642 387,823 311,492 258,073 262,570 283,046 294,684 309,878 Private creditors 491,882 532,414 564,290 606,562 683,733 683,314 700,675 756,139 of which: Bonds 220,372 341,950 400,278 409,787 455,913 468,243 484,388 527,752 Commercial banks 145,345 124,144 124,322 162,220 197,217 188,792 188,116 201,509 Private nonguaranteed 205,762 488,356 680,338 814,416 1,083,829 1,313,583 1,332,997 1,388,971 of which: Bonds 51,018 89,492 155,162 192,861 250,265 241,846 256,961 311,827 Disbursements 176,874 224,750 374,024 469,469 652,439 642,632 496,070 628,912 Public and publicly guaranteed 123,644 133,646 137,440 146,684 181,015 167,826 208,412 245,119 Official creditors 60,721 49,023 41,086 49,525 54,277 61,916 92,357 98,116 Multilateral 27,961 31,350 29,824 35,890 38,983 42,402 66,510 66,379 of which: IBRD 12,514 12,951 9,180 11,934 10,498 13,608 22,703 26,246 IDA 3,636 3,295 4,497 4,408 4,527 3,959 5,945 5,026 Bilateral 32,761 17,673 11,262 13,635 15,294 19,513 25,847 31,737 Private creditors 62,923 84,623 96,355 97,159 126,738 105,910 116,054 147,003 of which: Bonds 22,036 55,784 61,066 57,988 75,318 73,523 69,052 86,861 Commercial banks 22,041 18,023 31,718 34,131 47,843 30,030 41,799 51,014 Private nonguaranteed 53,230 91,104 236,583 322,784 471,424 474,806 287,658 383,792 of which: Bonds 14,063 10,810 47,975 54,555 84,368 27,235 37,236 86,053 Principal repayments 109,334 209,872 280,919 350,377 353,170 390,031 378,450 422,024 Public and publicly guaranteed 83,619 111,898 144,010 190,001 125,383 141,441 115,261 121,822 Official creditors 40,844 46,001 68,438 95,317 51,229 47,987 44,556 46,004 Multilateral 18,829 21,805 25,585 35,341 25,108 25,661 24,235 24,633 of which: IBRD 11,146 9,314 12,125 17,183 10,699 10,922 10,860 9,164 IDA 382 679 1,247 1,373 1,443 1,706 1,765 1,835 Bilateral 22,015 24,196 42,853 59,976 26,121 22,326 20,321 21,371 Private creditors 42,774 65,897 75,571 94,685 74,154 93,455 70,705 75,818 of which: Bonds 11,061 31,454 44,588 60,257 43,145 53,897 32,705 35,031 Commercial banks 14,996 23,127 22,221 25,071 23,958 32,388 30,669 32,909 Private nonguaranteed 25,715 97,974 136,910 160,376 227,788 248,589 263,189 300,202 of which: Bonds 4,042 15,032 15,063 17,980 24,880 20,144 22,467 26,500 Interest payments 66,242 93,076 82,966 93,367 107,870 119,650 110,197 110,942 Public and publicly guaranteed 55,419 62,510 59,675 55,504 58,468 58,017 53,260 54,235 Official creditors 26,389 25,331 23,122 18,935 18,935 17,912 16,051 15,744 Multilateral 12,616 14,814 9,979 11,104 11,931 11,572 9,898 8,336 of which: IBRD 7,504 7,421 4,017 4,780 5,141 4,575 3,432 2,256 IDA 307 384 583 539 530 634 559 591 Bilateral 13,773 10,516 13,143 7,832 7,003 6,340 6,153 7,408 Private creditors 29,030 37,179 36,553 36,569 39,534 40,105 37,209 38,492 of which: Bonds 14,707 25,003 30,128 28,827 31,222 31,726 30,820 33,011 Commercial banks 7,736 8,525 4,910 6,244 6,530 6,698 5,167 4,330 Private nonguaranteed 10,822 30,566 23,291 37,863 49,401 61,633 56,937 56,706 of which: Bonds 3,172 7,776 8,861 14,076 16,282 15,893 16,400 18,110 750 Non-debt flows (bill US$) 150 Debt ratios (%) 500 100 250 50 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2002 2003 2004 2005 2006 2007 2008 2009 2010 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 57 . Country Tables AFGHANISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks .. .. .. 929 1,974 2,089 2,223 2,297 Long-term external debt .. .. .. 911 1,894 1,985 2,097 2,076 Public and publicly guaranteed .. .. .. 911 1,894 1,985 2,097 2,076 Private nonguaranteed .. .. .. 0 0 0 0 0 Use of IMF credit 0 0 0 0 59 87 106 119 Short-term external debt .. .. .. 18 21 17 20 102 interest arrears on long-term .. .. .. 18 21 17 20 67 Memorandum items Principal arrears on long-term .. .. .. 87 89 56 54 54 Long-term public sector debt .. .. .. 911 1,894 1,985 2,097 2,076 Long-term private sector debt .. .. .. 0 0 0 0 0 Public & publicly guaranteed commitments .. .. .. 130 37 58 0 0 External debt flows Disbursements .. .. .. 146 202 132 126 87 Long-term external debt .. .. .. 146 147 96 109 79 IMF purchases 0 0 0 0 55 36 17 9 Principal repayments .. .. .. 3 1 1 3 1 Long-term external debt .. .. .. 3 1 1 3 1 IMF repurchases 0 0 0 0 0 0 0 0 Net flows .. .. .. 143 201 131 123 86 Long-term external debt .. .. .. 143 146 95 106 78 Short-term external debt .. .. .. 0 0 0 0 0 Interest payments .. .. .. 6 3 6 7 8 Long-term external debt .. .. .. 6 3 6 7 7 IMF charges 0 0 0 0 0 0 1 0 Short-term external debt .. .. .. 0 0 0 0 1 2. Other non-debt resource inflows Foreign direct investment .. .. .. 238 243 300 185 76 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 0.0 0.0 0.0 0.0 0.0 Japanese yen .. .. .. 0.0 0.0 0.0 0.0 0.0 Pound sterling .. .. .. 2.8 1.3 0.0 0.0 0.0 Swiss franc .. .. .. 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. .. .. 63.3 74.5 73.0 69.1 59.8 4. Average terms of new commitments Official creditors Interest (%) .. .. .. 1.2 1.4 0.5 0.0 0.0 Maturity (years) .. .. .. 39.8 31.6 34.6 0.0 0.0 Grace period (years) .. .. .. 10.3 8.1 10.0 0.0 0.0 Private creditors Interest (%) .. .. .. 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. .. .. 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. .. .. 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. .. .. 8,209 10,184 10,644 .. .. Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) .. .. .. 11.3 19.4 19.6 .. .. Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) .. .. .. 2.0 1.1 0.8 0.9 4.4 Multilateral to external debt stocks (%) .. .. .. 70.4 41.5 43.3 45.7 48.7 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 60 AFGHANISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed .. .. .. 911 1,894 1,985 2,097 2,076 Public and publicly guaranteed .. .. .. 911 1,894 1,985 2,097 2,076 Official creditors .. .. .. 910 1,893 1,984 2,096 2,076 Multilateral .. .. .. 654 819 903 1,016 1,118 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 294 343 399 438 466 410 Bilateral .. .. .. 257 1,074 1,081 1,080 958 Private creditors .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 Commercial banks .. .. .. 0 0 0 0 0 Private nonguaranteed .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 Disbursements .. .. .. 146 147 96 109 79 Public and publicly guaranteed .. .. .. 146 147 96 109 79 Official creditors .. .. .. 146 147 96 109 79 Multilateral .. .. .. 107 140 96 109 79 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 84 39 44 44 27 8 Bilateral .. .. .. 40 7 1 0 0 Private creditors .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 Commercial banks .. .. .. 0 0 0 0 0 Private nonguaranteed .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 Principal repayments .. .. .. 3 1 1 3 1 Public and publicly guaranteed .. .. .. 3 1 1 3 1 Official creditors .. .. .. 3 1 1 3 1 Multilateral .. .. .. 3 1 1 1 1 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 3 3 0 0 0 0 Bilateral .. .. .. 0 0 0 2 0 Private creditors .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 Commercial banks .. .. .. 0 0 0 0 0 Private nonguaranteed .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 Interest payments .. .. .. 6 3 6 7 7 Public and publicly guaranteed .. .. .. 6 3 6 7 7 Official creditors .. .. .. 6 3 6 7 7 Multilateral .. .. .. 6 3 6 7 7 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 3 3 0 2 2 2 Bilateral .. .. .. 0 0 0 0 0 Private creditors .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 Commercial banks .. .. .. 0 0 0 0 0 Private nonguaranteed .. .. .. 0 0 0 0 0 of which: Bonds .. .. .. 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. .. 229 1,045 115 134 75 Net flows on external debt .. .. .. 143 201 131 123 86 9. Debt restructurings Total amount rescheduled .. .. .. 95 842 52 1 0 Total amount forgiven .. .. .. 0 21 52 4 204 Debt buyback .. .. .. 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 12 24 36 87 97 102 94 86 Interest 12 18 18 60 56 55 51 47 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data for 2010 include the effects of Paris Club debt restructuring agreements signed in 2010 and of MDRI and HIPC debt reliefs in the amount of $72.9 million. 61 ALBANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 459 1,070 2,054 2,422 2,854 3,904 4,693 4,736 Long-term external debt 332 945 1,808 1,943 2,253 2,894 3,786 4,105 Public and publicly guaranteed 332 930 1,381 1,584 1,796 2,225 2,803 2,972 Private nonguaranteed 0 15 426 359 458 668 983 1,133 Use of IMF credit 65 88 92 93 90 80 71 58 Short-term external debt 62 37 155 386 511 930 835 573 interest arrears on long-term 2 3 1 1 1 0 0 0 Memorandum items Principal arrears on long-term 27 271 16 16 17 1 0 0 Long-term public sector debt 332 929 1,381 1,584 1,796 2,225 2,803 2,972 Long-term private sector debt 0 16 426 359 458 668 983 1,133 Public & publicly guaranteed commitments 193 176 224 311 280 610 544 653 External debt flows Disbursements 83 139 506 191 300 813 753 825 Long-term external debt 72 120 494 184 293 806 750 825 IMF purchases 11 19 12 7 7 8 4 0 Principal repayments 2 17 51 159 92 96 135 379 Long-term external debt 0 10 41 147 78 80 121 367 IMF repurchases 1 7 9 11 14 15 14 12 Net flows -97 130 609 264 332 1,138 523 184 Long-term external debt 72 110 452 36 215 725 628 458 Short-term external debt -178 8 154 231 124 420 -95 -262 Interest payments 9 11 30 47 61 68 91 85 Long-term external debt 5 9 25 29 34 50 80 77 IMF charges 1 1 0 1 1 1 1 0 Short-term external debt 3 2 4 17 26 17 11 8 2. Other non-debt resource inflows Foreign direct investment 70 143 262 325 662 959 964 1,110 Portfolio equity .. .. .. .. .. 23 3 8 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 28.2 31.2 35.3 47.3 54.9 57.0 Japanese yen 2.5 3.1 3.9 3.4 3.0 2.8 2.1 2.2 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 60.2 71.8 58.3 54.9 51.0 40.0 33.6 30.8 4. Average terms of new commitments Official creditors Interest (%) 3.3 3.5 2.0 3.4 4.3 1.8 3.0 3.5 Maturity (years) 25.2 29.7 19.5 20.2 20.7 28.3 19.3 16.5 Grace period (years) 7.3 10.5 6.7 6.6 5.3 8.3 5.8 4.0 Private creditors Interest (%) 3.0 0.5 0.0 0.3 5.3 6.2 11.0 7.0 Maturity (years) 22.7 -2,000.4 0.0 29.9 11.2 15.4 3.3 5.8 Grace period (years) 11.7 24.8 0.0 18.8 1.7 6.0 3.0 4.8 5. Major economic aggregates Gross national income (GNI) 2,468 3,790 8,541 9,347 11,006 13,135 11,936 11,681 Exports of goods, services & income 376 819 2,048 2,629 3,407 4,307 3,908 4,169 Worker remit. & comp. of employees 427 598 1,290 1,359 1,468 1,495 1,317 1,156 Imports of goods, services & income 865 1,509 3,913 4,569 5,989 7,705 7,053 6,794 Profit remittances on FDI 4 0 2 5 9 301 436 362 Current account balance -12 -156 -571 -671 -1,151 -2,019 -1,838 -1,404 International reserves 265 646 1,440 1,813 2,162 2,364 2,369 2,541 6. Ratios External debt stocks to exports (%) 122.1 130.5 100.3 92.1 83.8 90.6 120.1 113.6 External debt stocks to GNI (%) 18.6 28.2 24.1 25.9 25.9 29.7 39.3 40.5 Debt service to exports (%) 2.8 3.4 3.9 7.8 4.5 3.8 5.8 11.1 Short-term to external debt stocks (%) 13.6 3.4 7.5 16.0 17.9 23.8 17.8 12.1 Multilateral to external debt stocks (%) 25.0 39.8 42.3 41.8 41.3 33.2 31.3 32.1 Reserves to external debt stocks (%) 57.8 60.4 70.1 74.8 75.7 60.6 50.5 53.6 Reserves to imports (months) 3.7 5.1 4.4 4.8 4.3 3.7 4.0 4.5 62 ALBANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 332 945 1,808 1,943 2,253 2,894 3,786 4,105 Public and publicly guaranteed 332 930 1,381 1,584 1,796 2,225 2,803 2,972 Official creditors 307 908 1,357 1,558 1,770 1,879 2,132 2,159 Multilateral 115 426 869 1,013 1,179 1,295 1,469 1,522 of which: IBRD 0 0 0 0 6 17 24 26 IDA 109 346 655 729 803 817 849 850 Bilateral 192 482 488 545 591 584 664 637 Private creditors 25 22 24 27 25 346 671 813 of which: Bonds 0 0 0 0 0 0 0 401 Commercial banks 0 0 2 3 4 331 635 336 Private nonguaranteed 0 15 426 359 458 668 983 1,133 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 72 120 494 184 293 806 750 825 Public and publicly guaranteed 72 120 117 168 164 567 559 631 Official creditors 72 120 116 168 163 210 256 184 Multilateral 48 101 83 115 130 171 190 149 of which: IBRD 0 0 0 0 5 12 7 3 IDA 43 64 34 46 48 27 34 26 Bilateral 24 19 34 53 32 39 66 35 Private creditors 0 0 0 0 1 356 303 447 of which: Bonds 0 0 0 0 0 0 0 398 Commercial banks 0 0 0 0 0 345 284 6 Private nonguaranteed 0 0 377 15 128 239 191 194 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 10 41 147 78 80 121 367 Public and publicly guaranteed 0 10 40 58 56 58 80 346 Official creditors 0 9 40 55 52 58 80 88 Multilateral 0 2 18 24 26 27 40 46 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 4 5 6 7 9 11 Bilateral 0 6 22 31 26 30 40 42 Private creditors 0 1 1 3 4 0 1 257 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 257 Private nonguaranteed 0 0 1 90 22 23 41 21 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 5 9 25 29 34 50 80 77 Public and publicly guaranteed 5 8 23 25 31 44 69 65 Official creditors 4 7 23 25 31 35 36 31 Multilateral 1 4 14 14 18 24 24 22 of which: IBRD 0 0 0 0 0 1 1 0 IDA 1 2 5 6 6 6 6 6 Bilateral 3 3 10 11 13 11 12 9 Private creditors 1 0 0 0 0 9 33 34 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 9 33 34 Private nonguaranteed 0 1 2 4 3 6 10 12 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -424 351 498 368 432 1,049 789 43 Net flows on external debt -97 130 609 264 332 1,138 523 184 9. Debt restructurings Total amount rescheduled 6 28 10 9 0 8 41 0 Total amount forgiven 116 0 0 2 0 0 0 0 Debt buyback 30 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 123 132 148 153 175 164 168 171 Interest 38 42 43 43 41 38 35 31 Private creditors Principal 225 226 191 208 538 114 122 100 Interest 65 58 53 49 45 12 9 6 Notes: Short-term debt is based on reports provided by the Central Bank. 63 ALGERIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 33,052 25,388 16,871 5,721 5,908 5,935 5,424 5,276 Long-term external debt 31,313 23,448 16,355 5,180 5,158 4,631 3,932 3,498 Public and publicly guaranteed 31,313 23,448 15,489 3,876 4,009 3,187 2,950 2,530 Private nonguaranteed 0 0 866 1,304 1,148 1,444 982 968 Use of IMF credit 1,478 1,718 0 0 0 0 0 0 Short-term external debt 261 222 516 541 750 1,304 1,492 1,778 interest arrears on long-term 3 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 0 0 0 0 0 0 0 Long-term public sector debt 31,225 23,327 15,315 3,816 3,787 2,991 2,762 2,381 Long-term private sector debt 89 122 1,040 1,364 1,371 1,640 1,170 1,117 Public & publicly guaranteed commitments 2,427 1,419 445 212 94 0 5 5 External debt flows Disbursements 4,157 1,215 1,239 853 585 580 194 30 Long-term external debt 3,683 1,215 1,239 853 585 580 194 30 IMF purchases 475 0 0 0 0 0 0 0 Principal repayments 2,419 2,813 5,057 12,791 1,122 1,058 879 573 Long-term external debt 2,248 2,721 4,445 12,791 1,122 1,058 879 573 IMF repurchases 171 93 612 0 0 0 0 0 Net flows 1,361 -1,572 -3,733 -11,914 -328 76 -496 -257 Long-term external debt 1,435 -1,506 -3,207 -11,939 -537 -478 -685 -543 Short-term external debt -378 27 85 25 209 554 189 286 Interest payments 1,832 1,655 921 626 224 191 139 111 Long-term external debt 1,741 1,552 888 610 202 160 121 93 IMF charges 69 92 18 1 0 0 0 0 Short-term external debt 22 10 15 15 22 31 18 18 2. Other non-debt resource inflows Foreign direct investment .. 438 1,081 1,796 1,662 2,595 2,760 2,291 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 40.5 58.4 60.1 58.7 59.7 57.3 Japanese yen 13.1 14.4 8.2 6.1 4.7 5.2 4.4 4.9 Pound sterling 0.9 1.0 1.4 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.5 0.8 0.1 0.1 0.0 0.0 0.0 U.S.dollars 38.0 44.5 40.9 30.0 28.9 30.2 30.1 31.6 4. Average terms of new commitments Official creditors Interest (%) 6.2 6.2 3.2 0.5 0.9 0.0 2.0 0.5 Maturity (years) 11.7 15.0 12.9 17.5 14.7 0.0 21.8 11.5 Grace period (years) 3.3 4.1 3.6 3.4 7.7 0.0 6.7 6.5 Private creditors Interest (%) 7.2 6.2 0.8 3.5 4.6 0.0 0.0 0.0 Maturity (years) 8.9 7.4 11.2 12.0 6.0 0.0 0.0 0.0 Grace period (years) 1.9 1.9 4.0 3.1 0.9 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 39,574 52,080 97,259 112,669 134,004 169,689 139,577 155,538 Exports of goods, services & income .. .. 50,268 59,721 67,230 87,212 52,917 65,400 Worker remit. & comp. of employees 1,120 790 2,060 1,610 2,120 2,202 2,059 2,044 Imports of goods, services & income .. .. 31,154 32,409 38,818 55,546 55,147 55,280 Profit remittances on FDI .. .. 5,485 6,295 5,405 6,206 5,892 .. Current account balance .. .. 21,181 28,923 30,631 34,440 402 12,760 International reserves 4,164 13,556 59,167 81,463 114,972 148,099 155,112 170,461 6. Ratios External debt stocks to exports (%) .. .. 33.6 9.6 8.8 6.8 10.2 8.1 External debt stocks to GNI (%) 83.5 48.7 17.3 5.1 4.4 3.5 3.9 3.4 Debt service to exports (%) .. .. 11.9 22.5 2.0 1.4 1.9 1.0 Short-term to external debt stocks (%) 0.8 0.9 3.1 9.5 12.7 22.0 27.5 33.7 Multilateral to external debt stocks (%) 11.8 16.2 14.5 2.5 2.3 0.2 0.2 0.2 Reserves to external debt stocks (%) 12.6 53.4 350.7 1,423.9 1,946.2 2,495.5 2,859.7 3,230.9 Reserves to imports (months) .. .. 22.8 30.2 35.5 32.0 33.8 37.0 64 ALGERIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 31,313 23,448 16,355 5,180 5,158 4,631 3,932 3,498 Public and publicly guaranteed 31,313 23,448 15,489 3,876 4,009 3,187 2,950 2,530 Official creditors 15,695 17,597 12,462 2,171 2,317 2,066 2,020 1,805 Multilateral 3,915 4,123 2,443 144 136 13 11 10 of which: IBRD 2,049 1,425 779 119 113 11 10 9 IDA 0 0 0 0 0 0 0 0 Bilateral 11,780 13,473 10,020 2,026 2,182 2,053 2,009 1,795 Private creditors 15,618 5,851 3,027 1,706 1,692 1,121 930 726 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4,529 2,508 1,038 59 76 60 54 42 Private nonguaranteed 0 0 866 1,304 1,148 1,444 982 968 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 3,683 1,215 1,239 853 585 580 194 30 Public and publicly guaranteed 3,683 1,215 776 401 282 173 71 28 Official creditors 1,596 795 445 263 109 157 70 27 Multilateral 932 349 358 54 6 5 0 0 of which: IBRD 554 58 31 16 6 5 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 664 446 87 209 103 152 70 27 Private creditors 2,087 420 331 138 173 16 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 222 0 8 34 20 0 0 1 Private nonguaranteed 0 0 463 451 304 407 123 2 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 2,248 2,721 4,445 12,791 1,122 1,058 879 573 Public and publicly guaranteed 2,248 2,721 4,217 12,640 590 914 357 339 Official creditors 671 1,055 3,012 10,976 199 370 148 171 Multilateral 454 351 1,190 2,396 16 127 1 2 of which: IBRD 260 172 156 677 12 107 1 1 IDA 0 0 0 0 0 0 0 0 Bilateral 217 704 1,821 8,579 183 243 147 169 Private creditors 1,577 1,666 1,205 1,664 391 544 209 168 of which: Bonds 278 0 0 0 0 0 0 0 Commercial banks 220 439 348 1,029 11 13 8 9 Private nonguaranteed 0 0 229 151 532 144 522 234 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 1,741 1,552 888 610 202 160 121 93 Public and publicly guaranteed 1,741 1,552 863 557 145 113 72 62 Official creditors 823 1,131 718 442 61 49 33 34 Multilateral 251 297 163 118 7 12 1 1 of which: IBRD 137 128 46 21 6 12 1 1 IDA 0 0 0 0 0 0 0 0 Bilateral 572 834 555 324 53 37 32 33 Private creditors 917 421 145 115 84 63 39 28 of which: Bonds 13 0 0 0 0 0 0 0 Commercial banks 251 146 34 30 3 2 2 1 Private nonguaranteed 0 0 25 53 57 48 49 31 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 2,810 -2,618 -5,314 -11,150 187 27 -511 -148 Net flows on external debt 1,361 -1,572 -3,733 -11,914 -328 76 -496 -257 9. Debt restructurings Total amount rescheduled 5,096 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 294 262 231 224 181 151 138 85 Interest 40 36 31 27 22 19 16 13 Private creditors Principal 295 361 224 168 412 96 67 41 Interest 42 34 32 18 35 11 6 3 Notes: Short-term debt data are reported by the country. 65 ANGOLA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 11,500 9,408 11,834 9,473 11,492 15,100 16,616 18,562 Long-term external debt 9,543 8,085 9,518 7,341 9,223 12,683 13,629 15,440 Public and publicly guaranteed 9,543 8,085 9,518 7,341 9,223 12,683 13,629 15,440 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 359 882 Short-term external debt 1,958 1,323 2,316 2,132 2,270 2,418 2,629 2,241 interest arrears on long-term 1,232 874 577 161 89 70 85 68 Memorandum items Principal arrears on long-term 4,190 2,853 1,877 700 327 254 308 213 Long-term public sector debt 9,513 8,059 9,506 7,334 9,221 12,682 13,628 15,439 Long-term private sector debt 29 26 12 7 2 1 0 0 Public & publicly guaranteed commitments 420 1,033 14,150 2,036 4,378 4,188 5,705 5,464 External debt flows Disbursements 550 1,045 3,676 1,222 5,647 4,621 4,146 4,454 Long-term external debt 550 1,045 3,676 1,222 5,647 4,621 3,793 3,930 IMF purchases 0 0 0 0 0 0 353 524 Principal repayments 332 1,530 2,289 3,514 3,779 1,129 3,130 2,109 Long-term external debt 332 1,530 2,289 3,514 3,779 1,129 3,130 2,109 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -90 -733 2,603 -2,060 2,078 3,659 1,212 1,974 Long-term external debt 218 -485 1,387 -2,292 1,868 3,492 662 1,821 Short-term external debt -308 -248 1,216 232 210 167 196 -371 Interest payments 132 175 313 908 683 511 423 200 Long-term external debt 79 149 257 824 579 443 392 164 IMF charges 0 0 0 0 0 0 0 6 Short-term external debt 53 26 57 83 104 68 31 30 2. Other non-debt resource inflows Foreign direct investment 472 879 -1,304 -38 -893 1,679 2,205 .. Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.2 6.2 6.4 7.7 9.7 8.6 Japanese yen 0.3 0.5 0.3 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.9 1.0 0.9 0.2 0.2 0.1 0.1 0.1 Swiss franc 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 81.0 86.3 87.8 90.5 91.1 90.6 88.5 89.9 4. Average terms of new commitments Official creditors Interest (%) 8.1 0.8 6.5 1.1 0.4 0.6 3.4 3.8 Maturity (years) 9.9 39.8 13.8 10.9 12.1 43.4 8.7 9.2 Grace period (years) 0.4 10.3 2.0 1.5 2.7 10.4 1.7 0.9 Private creditors Interest (%) 8.1 5.0 6.6 8.0 6.3 4.5 6.5 4.6 Maturity (years) 8.6 3.1 7.7 9.0 6.8 7.4 5.3 9.7 Grace period (years) 0.4 1.3 1.3 0.8 1.0 0.8 1.2 2.1 5. Major economic aggregates Gross national income (GNI) 3,688 7,449 26,601 39,679 51,674 70,461 68,671 75,516 Exports of goods, services & income 3,852 8,222 24,312 33,492 45,329 64,666 41,582 51,375 Worker remit. & comp. of employees .. .. .. .. .. 82 .. .. Imports of goods, services & income 4,302 7,454 19,201 22,612 34,526 57,261 48,784 43,900 Profit remittances on FDI 386 929 3,406 5,278 7,268 13,185 6,130 .. Current account balance -295 796 5,138 10,690 10,581 7,194 -7,572 7,127 International reserves 213 1,198 3,197 8,599 11,197 17,869 13,664 19,749 6. Ratios External debt stocks to exports (%) 298.6 114.4 48.7 28.3 25.4 23.4 40.0 36.1 External debt stocks to GNI (%) 311.9 126.3 44.5 23.9 22.2 21.4 24.2 24.6 Debt service to exports (%) 12.0 20.7 10.7 13.2 9.8 2.5 8.5 4.5 Short-term to external debt stocks (%) 17.0 14.1 19.6 22.5 19.7 16.0 15.8 12.1 Multilateral to external debt stocks (%) 1.7 3.1 3.1 4.2 3.6 2.8 2.7 2.3 Reserves to external debt stocks (%) 1.9 12.7 27.0 90.8 97.4 118.3 82.2 106.4 Reserves to imports (months) 0.6 1.9 2.0 4.6 3.9 3.7 3.4 5.4 66 ANGOLA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 9,543 8,085 9,518 7,341 9,223 12,683 13,629 15,440 Public and publicly guaranteed 9,543 8,085 9,518 7,341 9,223 12,683 13,629 15,440 Official creditors 2,226 2,703 3,174 2,581 3,202 4,001 4,814 8,152 Multilateral 191 294 371 396 416 421 441 436 of which: IBRD 0 0 0 0 0 0 0 0 IDA 81 226 319 347 365 369 385 378 Bilateral 2,035 2,409 2,803 2,186 2,786 3,580 4,373 7,716 Private creditors 7,316 5,382 6,344 4,760 6,021 8,682 8,814 7,287 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 873 2,625 5,062 3,928 5,248 7,790 7,939 6,241 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 550 1,045 3,676 1,222 5,647 4,621 3,793 3,930 Public and publicly guaranteed 550 1,045 3,676 1,222 5,647 4,621 3,793 3,930 Official creditors 119 34 321 505 951 1,100 1,111 3,656 Multilateral 30 24 34 21 9 16 23 10 of which: IBRD 0 0 0 0 0 0 0 0 IDA 30 24 30 18 8 12 19 6 Bilateral 89 10 287 485 942 1,084 1,088 3,646 Private creditors 431 1,011 3,355 717 4,695 3,521 2,682 274 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 396 1,010 3,236 573 4,562 3,276 2,542 24 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 332 1,530 2,289 3,514 3,779 1,129 3,130 2,109 Public and publicly guaranteed 332 1,530 2,289 3,514 3,779 1,129 3,130 2,109 Official creditors 24 268 505 1,207 352 275 310 282 Multilateral 2 27 8 15 7 8 8 9 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 5 5 5 6 6 7 Bilateral 22 241 497 1,192 345 267 302 273 Private creditors 308 1,262 1,784 2,307 3,427 854 2,821 1,827 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 108 1,149 1,654 1,713 3,253 715 2,663 1,784 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 79 149 257 824 579 443 392 164 Public and publicly guaranteed 79 149 257 824 579 443 392 164 Official creditors 12 36 61 364 162 118 143 114 Multilateral 1 28 4 7 3 4 4 5 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 3 3 2 3 3 4 Bilateral 12 8 57 357 159 115 139 109 Private creditors 67 113 195 460 416 325 250 50 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 33 93 160 330 352 260 218 40 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 207 -891 2,472 -2,361 2,019 3,608 1,516 1,946 Net flows on external debt -90 -733 2,603 -2,060 2,078 3,659 1,212 1,974 9. Debt restructurings Total amount rescheduled 437 0 0 2 21 67 0 0 Total amount forgiven 0 0 122 400 72 25 18 18 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 2,498 2,730 2,738 2,710 2,685 2,681 2,490 1,896 Interest 227 301 316 288 240 186 126 70 Private creditors Principal 2,959 2,413 1,644 1,153 496 195 194 139 Interest 210 174 123 86 56 38 24 11 67 ARGENTINA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 98,465 140,914 124,939 115,863 117,317 118,902 120,283 127,849 Long-term external debt 70,979 107,543 80,586 87,564 98,058 98,925 100,651 92,844 Public and publicly guaranteed 54,913 81,633 54,225 60,754 68,029 68,627 72,927 67,331 Private nonguaranteed 16,066 25,909 26,361 26,811 30,028 30,298 27,723 25,514 Use of IMF credit 6,131 5,056 9,513 0 0 0 0 0 Short-term external debt 21,355 28,315 34,841 28,299 19,260 19,977 19,632 35,005 interest arrears on long-term 0 0 7,735 7,452 9,452 10,003 10,760 5,457 Memorandum items Principal arrears on long-term 0 0 11,193 12,125 16,157 18,466 19,637 9,156 Long-term public sector debt 54,891 81,582 54,205 60,655 67,935 68,539 72,866 67,283 Long-term private sector debt 16,088 25,961 26,381 26,909 30,123 30,386 27,785 25,561 Public & publicly guaranteed commitments 8,381 11,985 2,462 5,747 7,522 4,969 3,375 1,156 External debt flows Disbursements 11,319 20,853 4,690 8,789 9,089 7,037 7,537 6,845 Long-term external debt 8,954 18,759 4,690 8,789 9,089 7,037 7,537 6,845 IMF purchases 2,365 2,094 0 0 0 0 0 0 Principal repayments 3,532 15,679 7,009 14,819 5,171 4,635 8,784 10,444 Long-term external debt 3,048 14,400 3,438 5,026 5,171 4,635 8,784 10,444 IMF repurchases 484 1,280 3,571 9,793 0 0 0 0 Net flows 21,972 4,074 14,787 -12,289 -7,121 2,568 -2,350 17,078 Long-term external debt 5,906 4,359 1,252 3,763 3,918 2,402 -1,248 -3,599 Short-term external debt 14,185 -1,100 17,106 -6,259 -11,039 166 -1,102 20,676 Interest payments 5,322 11,163 2,962 3,979 3,774 3,089 3,343 3,596 Long-term external debt 4,320 9,236 2,108 2,959 2,900 2,849 3,222 3,426 IMF charges 274 195 510 83 0 0 0 0 Short-term external debt 727 1,732 344 937 874 240 121 170 2. Other non-debt resource inflows Foreign direct investment 5,609 10,418 5,265 5,537 6,473 9,726 4,017 6,337 Portfolio equity 1,091 -3,227 -48 707 1,785 -531 -212 -208 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 36.6 36.6 39.1 36.9 36.0 31.2 Japanese yen 9.2 6.2 2.7 2.5 2.3 2.9 2.7 3.1 Pound sterling 0.2 0.6 0.1 0.1 0.1 0.1 0.1 0.0 Swiss franc 1.6 0.4 0.4 0.4 0.4 0.4 0.4 0.4 U.S.dollars 57.5 61.0 54.4 55.9 54.7 57.0 58.8 63.8 4. Average terms of new commitments Official creditors Interest (%) 6.5 7.2 4.2 5.5 6.1 3.3 1.9 1.2 Maturity (years) 16.3 18.2 17.3 20.3 18.9 18.4 26.3 24.8 Grace period (years) 4.7 4.8 4.6 5.0 4.8 3.6 3.9 4.0 Private creditors Interest (%) 7.4 10.0 5.0 5.7 6.6 6.8 5.4 2.9 Maturity (years) 4.8 11.6 8.4 11.1 13.7 12.8 28.5 28.5 Grace period (years) 4.6 11.6 3.7 6.0 11.5 11.3 19.0 19.0 5. Major economic aggregates Gross national income (GNI) 253,396 276,656 176,575 208,884 255,510 319,508 297,639 353,713 Exports of goods, services & income 29,356 38,697 51,334 60,254 72,968 87,794 70,254 84,079 Worker remit. & comp. of employees 64 86 432 541 606 698 621 641 Imports of goods, services & income 35,070 48,076 46,543 52,947 65,967 81,209 61,896 80,638 Profit remittances on FDI 2,129 3,086 5,456 7,112 7,283 7,902 8,360 8,516 Current account balance -5,118 -8,981 5,275 7,767 7,354 6,755 8,405 3,082 International reserves 15,979 25,152 28,082 32,022 46,149 46,385 48,007 52,208 6. Ratios External debt stocks to exports (%) 335.4 364.1 243.4 192.3 160.8 135.4 171.2 152.1 External debt stocks to GNI (%) 38.9 50.9 70.8 55.5 45.9 37.2 40.4 36.1 Debt service to exports (%) 30.2 69.4 19.4 36.2 12.3 8.8 17.3 16.7 Short-term to external debt stocks (%) 21.7 20.1 27.9 24.4 16.4 16.8 16.3 27.4 Multilateral to external debt stocks (%) 9.5 11.5 12.5 12.9 12.7 12.4 13.4 13.2 Reserves to external debt stocks (%) 16.2 17.8 22.5 27.6 39.3 39.0 39.9 40.8 Reserves to imports (months) 5.5 6.3 7.2 7.3 8.4 6.9 9.3 7.8 68 ARGENTINA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 70,979 107,543 80,586 87,564 98,058 98,925 100,651 92,844 Public and publicly guaranteed 54,913 81,633 54,225 60,754 68,029 68,627 72,927 67,331 Official creditors 20,658 20,484 20,344 20,184 20,443 20,575 22,333 22,922 Multilateral 9,373 16,235 15,571 14,984 14,909 14,780 16,157 16,918 of which: IBRD 4,913 8,789 6,881 6,206 5,674 5,069 5,305 5,349 IDA 0 0 0 0 0 0 0 0 Bilateral 11,285 4,249 4,774 5,200 5,535 5,794 6,176 6,004 Private creditors 34,255 61,149 33,881 40,569 47,586 48,052 50,595 44,409 of which: Bonds 32,670 60,622 33,373 40,018 46,589 47,088 49,670 43,571 Commercial banks 793 294 171 201 211 205 208 201 Private nonguaranteed 16,066 25,909 26,361 26,811 30,028 30,298 27,723 25,514 of which: Bonds 7,582 11,138 8,772 10,138 12,073 7,921 6,850 7,855 Disbursements 8,954 18,759 4,690 8,789 9,089 7,037 7,537 6,845 Public and publicly guaranteed 6,604 14,277 3,183 3,893 5,647 4,047 3,591 2,545 Official creditors 2,804 1,937 989 1,666 2,385 2,022 3,498 2,455 Multilateral 1,936 1,923 985 1,662 2,373 2,000 3,070 2,437 of which: IBRD 941 1,019 362 459 505 332 1,028 787 IDA 0 0 0 0 0 0 0 0 Bilateral 868 13 4 4 12 22 429 18 Private creditors 3,800 12,340 2,194 2,227 3,263 2,025 93 90 of which: Bonds 3,630 12,338 2,194 2,227 3,263 2,025 93 90 Commercial banks 105 2 0 0 0 0 0 0 Private nonguaranteed 2,350 4,482 1,507 4,896 3,441 2,990 3,946 4,300 of which: Bonds 834 1,408 540 2,896 2,241 0 476 2,037 Principal repayments 3,048 14,400 3,438 5,026 5,171 4,635 8,784 10,444 Public and publicly guaranteed 1,783 8,896 1,672 2,539 3,230 2,367 3,071 4,789 Official creditors 1,356 1,837 1,489 2,362 2,676 2,363 1,783 1,917 Multilateral 512 825 1,462 2,354 2,568 2,253 1,637 1,648 of which: IBRD 259 538 928 1,134 1,037 936 793 741 IDA 0 0 0 0 0 0 0 0 Bilateral 844 1,012 27 9 108 111 146 268 Private creditors 427 7,059 183 177 554 3 1,287 2,872 of which: Bonds 128 6,842 182 175 554 3 1,232 2,818 Commercial banks 158 162 0 1 0 0 0 0 Private nonguaranteed 1,265 5,503 1,766 2,487 1,941 2,268 5,714 5,655 of which: Bonds 631 2,309 680 1,303 606 2,009 450 969 Interest payments 4,320 9,236 2,108 2,959 2,900 2,849 3,222 3,426 Public and publicly guaranteed 3,435 7,196 1,392 1,309 1,618 1,644 1,887 2,337 Official creditors 1,374 1,589 751 842 868 763 656 613 Multilateral 617 1,256 747 838 864 719 581 552 of which: IBRD 306 701 288 346 350 258 169 147 IDA 0 0 0 0 0 0 0 0 Bilateral 757 334 5 4 4 44 76 60 Private creditors 2,062 5,606 641 467 750 881 1,231 1,725 of which: Bonds 1,960 5,465 640 466 750 881 1,195 1,695 Commercial banks 56 121 0 0 0 0 0 0 Private nonguaranteed 885 2,041 716 1,650 1,282 1,206 1,335 1,089 of which: Bonds 641 1,109 585 1,135 759 710 562 567 8. Debt stock-flow reconciliation Total change in external debt stocks 23,646 570 -37,439 -9,076 1,454 1,585 1,381 7,567 Net flows on external debt 21,972 4,074 14,787 -12,289 -7,121 2,568 -2,350 17,078 9. Debt restructurings Total amount rescheduled 248 0 20,136 2,096 983 0 0 8,115 Total amount forgiven 863 689 40,333 3 0 0 10 9,347 Debt buyback 0 2,745 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 2,131 2,287 1,984 1,965 1,930 1,782 1,560 1,438 Interest 478 442 396 349 300 254 215 183 Private creditors Principal 5,558 5,180 4,422 1,847 4,940 2,186 6,219 1,344 Interest 4,010 3,696 3,374 3,142 2,996 2,618 2,299 1,903 Notes: Long-term private nonguaranteed debt data for 2010 are reported by the country for the second time. Historical data are World Bank staff estimates. Short-term debt data are revised from 2007 to 2009 based on BIS data and 2010 based on country data. Long-term provincial debt data are World Bank staff estimates. 69 ARMENIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 371 916 1,842 2,004 2,898 3,406 4,886 6,103 Long-term external debt 298 697 1,368 1,533 2,281 2,818 3,778 4,744 Public and publicly guaranteed 298 675 923 1,037 1,282 1,446 2,376 2,557 Private nonguaranteed 0 21 446 496 999 1,373 1,401 2,187 Use of IMF credit 70 175 176 164 158 135 587 741 Short-term external debt 2 44 298 307 459 453 521 618 interest arrears on long-term 1 6 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 75 4 0 0 0 0 0 0 Long-term public sector debt 298 675 923 1,037 1,282 1,446 2,376 2,557 Long-term private sector debt 0 21 446 496 999 1,373 1,401 2,187 Public & publicly guaranteed commitments 131 74 251 65 203 201 898 248 External debt flows Disbursements 148 84 177 175 761 783 1,713 1,919 Long-term external debt 102 84 168 165 751 776 1,247 1,734 IMF purchases 46 0 10 10 10 7 466 184 Principal repayments 3 31 104 80 82 280 323 879 Long-term external debt 3 15 69 49 58 253 300 857 IMF repurchases 0 16 34 31 24 27 23 22 Net flows 147 42 -38 104 831 497 1,458 1,137 Long-term external debt 100 69 98 116 693 523 947 877 Short-term external debt 1 -11 -112 9 152 -6 68 97 Interest payments 8 15 35 70 107 85 100 89 Long-term external debt 7 9 23 59 91 70 79 60 IMF charges 2 3 1 1 1 1 4 8 Short-term external debt 0 2 11 11 15 15 17 21 2. Other non-debt resource inflows Foreign direct investment 25 104 239 453 699 935 777 570 Portfolio equity 0 0 1 -1 0 -1 1 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.0 8.8 9.0 8.7 6.3 5.8 Japanese yen 0.0 0.0 0.2 0.4 7.0 12.1 11.3 14.6 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 62.6 93.3 86.3 82.6 71.2 62.9 66.0 62.8 4. Average terms of new commitments Official creditors Interest (%) 1.3 0.8 0.8 0.8 1.5 1.2 2.9 1.9 Maturity (years) 32.6 35.7 39.6 32.2 24.4 32.1 19.7 20.6 Grace period (years) 9.2 10.2 10.0 10.3 8.7 8.8 5.9 5.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.4 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.9 5. Major economic aggregates Gross national income (GNI) 1,466 1,964 5,033 6,600 9,485 12,133 8,708 9,424 Exports of goods, services & income 354 551 1,873 2,134 2,588 2,751 2,054 2,897 Worker remit. & comp. of employees 65 87 498 658 846 1,062 769 996 Imports of goods, services & income 741 1,017 2,449 2,946 4,122 5,272 4,237 4,833 Profit remittances on FDI .. 22 170 244 332 279 332 364 Current account balance -218 -278 -52 -117 -590 -1,383 -1,369 -1,373 International reserves 111 314 669 1,072 1,659 1,407 2,004 1,866 6. Ratios External debt stocks to exports (%) 104.7 166.4 98.3 93.9 112.0 123.8 237.9 210.7 External debt stocks to GNI (%) 25.3 46.6 36.6 30.4 30.6 28.1 56.1 64.8 Debt service to exports (%) 3.2 8.3 7.4 7.0 7.3 13.3 20.6 33.4 Short-term to external debt stocks (%) 0.6 4.8 16.2 15.3 15.8 13.3 10.7 10.1 Multilateral to external debt stocks (%) 56.1 52.9 43.9 45.1 35.9 32.6 29.2 24.8 Reserves to external debt stocks (%) 30.0 34.3 36.3 53.5 57.2 41.3 41.0 30.6 Reserves to imports (months) 1.8 3.7 3.3 4.4 4.8 3.2 5.7 4.6 70 ARMENIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 298 697 1,368 1,533 2,281 2,818 3,778 4,744 Public and publicly guaranteed 298 675 923 1,037 1,282 1,446 2,376 2,557 Official creditors 298 658 921 1,036 1,281 1,444 2,375 2,556 Multilateral 208 485 808 905 1,041 1,111 1,427 1,513 of which: IBRD 5 8 6 6 5 5 53 106 IDA 91 388 746 841 965 1,025 1,161 1,161 Bilateral 90 173 113 131 240 333 948 1,042 Private creditors 0 17 1 1 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 0 0 0 Private nonguaranteed 0 21 446 496 999 1,373 1,401 2,187 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 102 84 168 165 751 776 1,247 1,734 Public and publicly guaranteed 102 63 50 83 207 164 941 198 Official creditors 102 62 50 83 207 164 941 198 Multilateral 102 58 37 72 110 92 324 127 of which: IBRD 3 0 0 0 0 0 49 53 IDA 88 54 34 64 93 80 142 36 Bilateral 0 4 14 11 97 72 617 71 Private creditors 0 1 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 21 117 82 544 612 306 1,536 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 3 15 69 49 58 253 300 857 Public and publicly guaranteed 3 15 16 17 17 15 21 24 Official creditors 3 13 16 17 17 15 21 24 Multilateral 0 8 14 15 15 13 15 18 of which: IBRD 0 0 1 1 1 1 1 1 IDA 0 0 3 6 7 11 14 15 Bilateral 3 5 2 2 2 2 6 6 Private creditors 0 2 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 53 32 42 238 279 833 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 7 9 23 59 91 70 79 60 Public and publicly guaranteed 7 9 9 9 10 11 23 35 Official creditors 7 9 9 9 10 11 23 35 Multilateral 7 8 8 8 8 9 9 12 of which: IBRD 0 0 0 0 0 0 0 1 IDA 0 3 6 6 7 8 8 8 Bilateral 0 1 2 2 2 2 14 23 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 14 49 81 58 56 25 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 156 15 -127 162 894 508 1,480 1,217 Net flows on external debt 147 42 -38 104 831 497 1,458 1,137 9. Debt restructurings Total amount rescheduled 0 14 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 28 30 81 98 111 120 134 144 Interest 36 38 38 37 36 34 32 30 Private creditors Principal 560 416 366 239 184 140 113 90 Interest 95 71 49 36 25 17 10 5 Notes: Short-term debt is based on reports provided by the country. 71 AZERBAIJAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 321 1,384 1,941 2,492 3,521 4,263 4,531 6,974 Long-term external debt 206 892 1,591 1,838 2,375 3,014 3,660 6,050 Public and publicly guaranteed 206 794 1,404 1,734 2,232 2,687 3,346 3,892 Private nonguaranteed 0 99 187 104 143 327 314 2,158 Use of IMF credit 101 336 164 134 103 79 62 46 Short-term external debt 14 156 186 520 1,043 1,169 810 878 interest arrears on long-term 6 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 36 0 0 0 0 0 0 0 Long-term public sector debt 206 794 1,404 1,734 2,232 2,687 3,346 3,892 Long-term private sector debt 0 99 187 104 143 327 314 2,158 Public & publicly guaranteed commitments 188 202 1,387 412 723 1,928 1,627 823 External debt flows Disbursements 205 306 449 468 490 741 870 2,780 Long-term external debt 102 306 430 468 490 741 870 2,780 IMF purchases 103 0 19 0 0 0 0 0 Principal repayments 0 74 200 206 90 174 264 315 Long-term external debt 0 22 152 169 53 152 246 300 IMF repurchases 0 51 48 37 37 22 19 15 Net flows 207 360 298 596 923 694 247 2,532 Long-term external debt 102 284 279 299 437 589 624 2,479 Short-term external debt 2 127 48 334 523 126 -359 68 Interest payments 10 56 35 55 97 122 83 95 Long-term external debt 9 37 26 39 78 88 64 75 IMF charges 1 14 2 2 1 1 0 0 Short-term external debt 0 5 6 15 18 33 19 20 2. Other non-debt resource inflows Foreign direct investment 330 130 1,680 -584 -4,749 15 473 563 Portfolio equity 0 0 0 1 2 0 0 1 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.6 19.6 22.3 21.1 27.0 28.9 Japanese yen 0.0 19.3 26.6 20.9 17.1 17.6 12.7 13.8 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 12.1 3.3 2.3 1.7 1.4 1.0 0.6 U.S.dollars 51.4 61.1 51.9 50.9 51.0 51.6 51.3 49.4 4. Average terms of new commitments Official creditors Interest (%) 1.4 4.3 2.3 4.3 4.9 2.7 1.4 1.5 Maturity (years) 32.2 22.6 28.8 24.7 20.1 21.5 25.2 17.6 Grace period (years) 9.4 4.7 7.7 8.0 4.2 4.8 6.6 4.7 Private creditors Interest (%) 0.0 8.2 3.5 6.0 6.6 4.8 4.5 3.0 Maturity (years) 0.0 11.4 13.3 12.0 9.8 13.0 14.0 10.0 Grace period (years) 0.0 1.1 3.0 0.5 1.3 5.0 3.5 2.5 5. Major economic aggregates Gross national income (GNI) 3,039 4,987 11,599 18,302 27,970 40,992 40,255 46,870 Exports of goods, services & income 795 2,174 8,534 14,235 22,845 32,728 23,398 29,216 Worker remit. & comp. of employees 3 57 693 813 1,287 1,554 1,274 1,432 Imports of goods, services & income 1,306 2,415 8,850 11,093 14,831 17,325 13,942 14,686 Profit remittances on FDI 0 317 1,582 2,624 4,995 5,401 3,664 3,815 Current account balance -401 -168 167 3,708 9,019 16,454 10,178 15,040 International reserves 121 680 1,178 2,500 4,273 6,467 5,364 6,409 6. Ratios External debt stocks to exports (%) 40.4 63.7 22.7 17.5 15.4 13.0 19.4 23.9 External debt stocks to GNI (%) 10.6 27.8 16.7 13.6 12.6 10.4 11.3 14.9 Debt service to exports (%) 1.3 6.0 2.8 1.8 0.8 0.9 1.5 1.4 Short-term to external debt stocks (%) 4.4 11.3 9.6 20.9 29.6 27.4 17.9 12.6 Multilateral to external debt stocks (%) 30.8 23.3 32.5 29.5 27.4 26.7 32.3 25.0 Reserves to external debt stocks (%) 37.7 49.1 60.7 100.3 121.3 151.7 118.4 91.9 Reserves to imports (months) 1.1 3.4 1.6 2.7 3.5 4.5 4.6 5.2 72 AZERBAIJAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 206 892 1,591 1,838 2,375 3,014 3,660 6,050 Public and publicly guaranteed 206 794 1,404 1,734 2,232 2,687 3,346 3,892 Official creditors 206 656 1,130 1,277 1,539 1,858 2,178 2,665 Multilateral 99 323 630 735 963 1,140 1,461 1,745 of which: IBRD 0 0 0 5 21 78 199 300 IDA 30 216 501 583 660 698 739 763 Bilateral 107 333 500 542 576 719 717 920 Private creditors 0 138 274 457 693 829 1,168 1,226 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 113 274 403 552 634 949 1,023 Private nonguaranteed 0 99 187 104 143 327 314 2,158 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 102 306 430 468 490 741 870 2,780 Public and publicly guaranteed 102 300 306 443 443 526 820 866 Official creditors 102 213 70 266 233 283 431 559 Multilateral 90 56 57 211 219 213 367 353 of which: IBRD 0 0 0 5 16 56 122 101 IDA 30 27 48 60 58 50 45 46 Bilateral 13 157 13 55 14 70 64 206 Private creditors 0 88 236 177 210 242 389 307 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 84 236 121 119 167 346 296 Private nonguaranteed 0 6 124 25 47 216 50 1,914 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 22 152 169 53 152 246 300 Public and publicly guaranteed 0 15 55 53 43 129 193 228 Official creditors 0 13 38 34 26 49 115 101 Multilateral 0 9 18 17 21 29 54 42 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 4 6 8 9 10 Bilateral 0 4 21 17 5 20 61 58 Private creditors 0 2 16 19 16 80 78 128 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 16 17 13 59 59 101 Private nonguaranteed 0 7 97 116 11 23 53 72 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 37 26 39 78 88 64 75 Public and publicly guaranteed 9 32 19 32 71 77 52 62 Official creditors 9 31 16 18 34 29 31 27 Multilateral 2 7 9 11 26 21 22 19 of which: IBRD 0 0 0 1 1 3 5 4 IDA 0 2 4 4 5 5 5 6 Bilateral 7 24 7 7 8 8 9 9 Private creditors 0 1 4 14 37 48 21 35 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 4 13 24 35 15 32 Private nonguaranteed 0 5 7 7 7 11 12 13 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 208 306 94 551 1,030 741 269 2,442 Net flows on external debt 207 360 298 596 923 694 247 2,532 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 135 199 249 299 312 350 351 355 Interest 46 52 54 59 58 55 51 47 Private creditors Principal 183 203 278 256 245 225 207 182 Interest 48 48 45 38 32 26 21 16 Notes: Long-term private nonguaranteed debt data cover European Bank for Reconstruction and Development and other private creditors. 73 BANGLADESH (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 15,726 15,535 18,381 20,035 21,298 22,880 23,802 24,963 Long-term external debt 14,905 14,985 17,385 18,380 19,428 20,300 21,187 21,371 Public and publicly guaranteed 14,905 14,985 17,385 18,380 19,428 20,300 21,187 21,371 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 622 216 308 476 501 686 675 617 Short-term external debt 199 334 688 1,178 1,370 1,894 1,940 2,974 interest arrears on long-term 15 0 16 0 4 1 1 2 Memorandum items Principal arrears on long-term 13 4 1 3 53 11 7 22 Long-term public sector debt 14,905 14,985 17,385 18,380 19,428 20,300 21,187 21,371 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 716 588 1,106 1,322 1,997 2,751 1,796 2,007 External debt flows Disbursements 757 861 976 1,213 1,080 1,939 1,499 963 Long-term external debt 757 861 878 1,063 1,080 1,732 1,499 963 IMF purchases 0 0 97 150 0 206 0 0 Principal repayments 574 572 566 482 735 640 727 780 Long-term external debt 513 487 566 482 735 632 703 734 IMF repurchases 61 86 0 0 0 8 23 46 Net flows 182 368 370 1,237 532 1,826 818 1,216 Long-term external debt 244 374 312 581 344 1,100 795 229 Short-term external debt -1 80 -40 506 188 527 46 1,033 Interest payments 180 194 233 228 255 249 228 233 Long-term external debt 167 165 197 167 180 203 197 199 IMF charges 3 7 1 2 2 7 6 3 Short-term external debt 10 22 35 59 72 39 25 32 2. Other non-debt resource inflows Foreign direct investment 2 280 813 697 653 1,010 713 968 Portfolio equity -15 1 20 31 153 -48 -153 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 0.7 0.8 0.9 0.7 0.6 0.5 Japanese yen 25.6 20.3 14.2 12.5 10.4 10.0 9.0 9.8 Pound sterling 3.5 3.0 2.1 1.9 1.7 1.5 1.4 1.2 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 41.7 44.3 50.7 52.3 51.9 52.4 53.5 52.7 4. Average terms of new commitments Official creditors Interest (%) 1.9 2.4 1.5 2.0 2.1 1.2 2.0 0.9 Maturity (years) 38.2 28.4 35.2 33.6 32.4 37.6 25.4 35.8 Grace period (years) 10.0 7.4 9.2 8.7 8.2 9.5 7.3 9.3 Private creditors Interest (%) 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 12.7 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 3.2 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 39,097 48,857 63,355 65,952 73,523 86,607 97,485 109,438 Exports of goods, services & income 4,702 7,293 10,668 13,065 14,335 17,690 17,098 21,765 Worker remit. & comp. of employees 1,202 1,968 4,315 5,428 6,562 8,941 10,521 10,852 Imports of goods, services & income 7,790 10,018 15,618 17,802 20,766 26,382 24,522 30,595 Profit remittances on FDI 0 149 661 765 903 840 1,105 1,164 Current account balance -824 -306 -176 1,196 857 926 3,556 2,502 International reserves 2,376 1,516 2,825 3,877 5,277 5,787 10,342 11,175 6. Ratios External debt stocks to exports (%) 334.5 213.0 172.3 153.3 148.6 129.3 139.2 114.7 External debt stocks to GNI (%) 40.2 31.8 29.0 30.4 29.0 26.4 24.4 22.8 Debt service to exports (%) 16.1 10.5 7.5 5.4 6.9 5.0 5.6 4.7 Short-term to external debt stocks (%) 1.3 2.2 3.7 5.9 6.4 8.3 8.2 11.9 Multilateral to external debt stocks (%) 61.5 70.8 76.4 74.6 76.6 75.6 77.2 74.0 Reserves to external debt stocks (%) 15.1 9.8 15.4 19.4 24.8 25.3 43.4 44.8 Reserves to imports (months) 3.7 1.8 2.2 2.6 3.0 2.6 5.1 4.4 74 BANGLADESH (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 14,905 14,985 17,385 18,380 19,428 20,300 21,187 21,371 Public and publicly guaranteed 14,905 14,985 17,385 18,380 19,428 20,300 21,187 21,371 Official creditors 14,727 14,809 17,201 18,217 19,280 20,202 21,103 21,303 Multilateral 9,669 10,998 14,044 14,947 16,315 17,296 18,376 18,460 of which: IBRD 55 24 0 0 0 0 0 0 IDA 5,638 6,431 8,688 9,297 10,077 10,613 10,746 10,653 Bilateral 5,057 3,810 3,157 3,270 2,965 2,907 2,726 2,842 Private creditors 179 176 184 163 148 98 84 69 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 12 15 32 30 26 18 15 10 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 757 861 878 1,063 1,080 1,732 1,499 963 Public and publicly guaranteed 757 861 878 1,063 1,080 1,732 1,499 963 Official creditors 677 794 878 1,063 1,080 1,706 1,499 963 Multilateral 494 650 814 742 1,008 1,451 1,430 850 of which: IBRD 0 0 0 0 0 0 0 0 IDA 198 357 547 398 602 820 297 326 Bilateral 183 145 64 321 71 255 69 113 Private creditors 79 67 0 0 0 27 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 15 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 513 487 566 482 735 632 703 734 Public and publicly guaranteed 513 487 566 482 735 632 703 734 Official creditors 414 465 551 459 719 612 690 723 Multilateral 104 168 290 328 383 434 477 498 of which: IBRD 5 5 0 0 0 0 0 0 IDA 41 82 153 172 193 213 234 243 Bilateral 310 297 260 131 335 178 214 225 Private creditors 99 22 16 24 17 20 13 11 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 5 5 5 5 3 5 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 167 165 197 167 180 203 197 199 Public and publicly guaranteed 167 165 197 167 180 203 197 199 Official creditors 162 156 195 166 178 199 195 197 Multilateral 87 93 133 137 144 161 157 160 of which: IBRD 4 2 0 0 0 0 0 0 IDA 42 47 70 70 72 77 79 78 Bilateral 75 63 62 29 34 38 38 37 Private creditors 5 9 2 2 2 3 2 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 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 8. Debt stock-flow reconciliation Total change in external debt stocks 244 -845 -1,205 1,653 1,263 1,582 922 1,161 Net flows on external debt 182 368 370 1,237 532 1,826 818 1,216 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 83 158 533 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 798 837 1,130 1,151 949 1,005 1,051 1,105 Interest 236 242 244 237 229 227 221 218 Private creditors Principal 23 20 15 15 2 2 2 2 Interest 2 2 1 1 0 0 0 0 75 BELARUS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,694 2,140 4,737 5,352 10,341 12,266 17,490 25,726 Long-term external debt 1,302 787 1,233 1,697 3,463 5,308 6,594 10,251 Public and publicly guaranteed 1,301 689 786 842 2,338 3,719 4,823 7,850 Private nonguaranteed 0 98 448 855 1,125 1,589 1,772 2,401 Use of IMF credit 283 114 0 0 0 0 2,871 3,495 Short-term external debt 110 1,239 3,503 3,654 6,878 6,959 8,024 11,980 interest arrears on long-term 19 14 1 4 2 2 3 0 Memorandum items Principal arrears on long-term 140 29 37 22 10 4 19 0 Long-term public sector debt 1,301 689 777 837 2,336 3,719 4,823 7,850 Long-term private sector debt 0 98 456 860 1,127 1,589 1,772 2,401 Public & publicly guaranteed commitments 145 136 412 174 1,639 1,961 1,492 3,582 External debt flows Disbursements 441 249 648 747 2,532 2,709 4,980 5,675 Long-term external debt 258 249 648 747 2,532 2,709 2,154 5,007 IMF purchases 182 0 0 0 0 0 2,825 668 Principal repayments 108 261 519 483 757 858 866 905 Long-term external debt 108 206 510 483 757 858 866 905 IMF repurchases 0 56 9 0 0 0 0 0 Net flows 369 -89 695 412 5,000 1,932 5,178 8,729 Long-term external debt 150 43 138 264 1,775 1,851 1,289 4,102 Short-term external debt 36 -76 566 148 3,225 82 1,064 3,959 Interest payments 74 107 161 250 322 349 313 506 Long-term external debt 59 39 51 72 81 232 172 239 IMF charges 10 7 0 0 0 0 13 66 Short-term external debt 4 61 111 178 241 117 128 201 2. Other non-debt resource inflows Foreign direct investment 15 119 305 354 1,785 2,181 1,884 1,403 Portfolio equity 0 1 1 -1 5 1 1 1 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 14.4 26.0 9.9 4.1 7.7 15.8 Japanese yen 2.3 2.2 1.1 0.7 0.1 0.0 0.0 0.2 Pound sterling 0.0 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 0.0 U.S.dollars 50.8 48.9 71.8 61.1 85.5 93.3 89.4 70.5 4. Average terms of new commitments Official creditors Interest (%) 5.1 6.8 5.0 5.9 4.6 6.1 4.1 6.9 Maturity (years) 16.0 5.9 7.6 16.9 14.9 12.1 13.4 4.9 Grace period (years) 5.6 2.4 1.4 5.4 5.4 4.2 4.7 2.7 Private creditors Interest (%) 8.1 7.2 8.9 7.2 4.8 0.0 3.2 8.8 Maturity (years) 5.8 2.5 1.1 2.3 3.0 0.0 9.0 5.1 Grace period (years) 1.6 1.0 1.1 1.3 1.0 0.0 2.3 5.1 5. Major economic aggregates Gross national income (GNI) 13,922 12,690 30,266 37,206 45,546 61,149 49,507 54,989 Exports of goods, services & income 5,271 7,667 18,350 22,482 27,901 37,696 25,341 30,400 Worker remit. & comp. of employees 29 139 255 340 354 443 358 376 Imports of goods, services & income 5,805 8,160 18,079 24,134 31,124 42,855 31,793 39,021 Profit remittances on FDI 0 5 135 236 435 682 872 1,039 Current account balance -458 -338 436 -1,448 -3,032 -4,988 -6,178 -8,317 International reserves 377 350 1,342 1,386 4,179 3,063 5,640 5,025 6. Ratios External debt stocks to exports (%) 32.1 27.9 25.8 23.8 37.1 32.5 69.0 84.6 External debt stocks to GNI (%) 12.2 16.9 15.6 14.4 22.7 20.1 35.3 46.8 Debt service to exports (%) 3.4 4.8 3.7 3.3 3.9 3.2 4.7 4.6 Short-term to external debt stocks (%) 6.5 57.9 74.0 68.3 66.5 56.7 45.9 46.6 Multilateral to external debt stocks (%) 11.1 10.1 1.7 1.2 0.5 0.4 1.5 1.1 Reserves to external debt stocks (%) 22.3 16.4 28.3 25.9 40.4 25.0 32.2 19.5 Reserves to imports (months) 0.8 0.5 0.9 0.7 1.6 0.9 2.1 1.5 76 BELARUS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,302 787 1,233 1,697 3,463 5,308 6,594 10,251 Public and publicly guaranteed 1,301 689 786 842 2,338 3,719 4,823 7,850 Official creditors 769 400 566 571 2,076 3,547 4,694 5,882 Multilateral 188 217 81 65 52 50 261 295 of which: IBRD 116 105 59 50 42 42 256 291 IDA 0 0 0 0 0 0 0 0 Bilateral 582 183 485 506 2,023 3,497 4,433 5,587 Private creditors 532 289 219 271 262 172 128 1,968 of which: Bonds 0 0 0 0 0 0 0 1,802 Commercial banks 46 56 57 102 107 68 46 110 Private nonguaranteed 0 98 448 855 1,125 1,589 1,772 2,401 of which: Bonds 0 0 0 0 19 19 19 0 Disbursements 258 249 648 747 2,532 2,709 2,154 5,007 Public and publicly guaranteed 258 143 254 207 1,717 1,568 1,265 3,628 Official creditors 131 25 188 74 1,596 1,563 1,254 1,733 Multilateral 77 25 7 5 7 16 216 37 of which: IBRD 11 6 7 5 7 16 216 37 IDA 0 0 0 0 0 0 0 0 Bilateral 54 0 181 69 1,589 1,547 1,038 1,696 Private creditors 127 118 66 133 121 5 11 1,895 of which: Bonds 0 0 0 0 0 0 0 1,796 Commercial banks 20 48 34 83 96 0 10 99 Private nonguaranteed 0 106 395 540 815 1,141 889 1,379 of which: Bonds 0 0 0 0 19 0 0 0 Principal repayments 108 206 510 483 757 858 866 905 Public and publicly guaranteed 108 134 177 171 253 183 158 163 Official creditors 84 52 94 73 98 97 99 110 Multilateral 70 49 42 23 21 19 5 3 of which: IBRD 0 14 16 15 16 17 3 1 IDA 0 0 0 0 0 0 0 0 Bilateral 15 4 52 50 77 78 95 107 Private creditors 24 82 83 98 155 86 59 53 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 28 12 42 101 35 33 32 Private nonguaranteed 0 71 333 311 505 675 708 742 of which: Bonds 0 0 0 0 0 0 0 19 Interest payments 59 39 51 72 81 232 172 239 Public and publicly guaranteed 59 38 39 45 49 176 105 154 Official creditors 32 18 17 28 30 159 97 114 Multilateral 23 17 5 4 4 3 2 2 of which: IBRD 8 6 3 3 3 2 2 2 IDA 0 0 0 0 0 0 0 0 Bilateral 10 2 12 24 26 156 94 112 Private creditors 26 19 22 16 19 17 8 40 of which: Bonds 0 0 0 0 0 0 0 37 Commercial banks 1 4 4 6 8 8 4 2 Private nonguaranteed 0 1 12 27 33 56 67 85 of which: Bonds 0 0 0 0 1 2 2 1 8. Debt stock-flow reconciliation Total change in external debt stocks 398 -122 708 615 4,989 1,926 5,224 8,236 Net flows on external debt 369 -89 695 412 5,000 1,932 5,178 8,729 9. Debt restructurings Total amount rescheduled 0 50 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 15 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 190 1,216 456 601 584 509 519 496 Interest 239 236 139 119 96 77 63 49 Private creditors Principal 652 607 376 293 1,015 163 131 131 Interest 210 194 184 176 91 8 4 1 Notes: Short-term debt is based on reports provided by the National Bank. 77 BELIZE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 255 615 1,021 1,046 1,060 1,044 1,071 1,045 Long-term external debt 219 565 1,014 1,038 1,053 1,036 1,054 1,031 Public and publicly guaranteed 219 557 989 1,018 1,039 1,020 1,040 1,021 Private nonguaranteed 0 8 25 20 14 16 14 10 Use of IMF credit 0 0 0 0 0 0 7 7 Short-term external debt 36 50 7 8 7 7 10 7 interest arrears on long-term 1 0 7 8 7 7 10 7 Memorandum items Principal arrears on long-term 1 0 2 0 1 1 1 1 Long-term public sector debt 219 557 989 1,018 1,038 1,020 1,035 1,017 Long-term private sector debt 0 8 25 20 15 16 19 14 Public & publicly guaranteed commitments 29 224 199 106 581 28 90 71 External debt flows Disbursements 31 223 213 100 604 41 78 31 Long-term external debt 31 223 213 100 604 41 71 31 IMF purchases 0 0 0 0 0 0 7 0 Principal repayments 25 41 157 77 591 56 53 53 Long-term external debt 25 41 157 77 591 56 53 53 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 27 181 55 23 13 -15 25 -22 Long-term external debt 6 182 55 23 13 -15 18 -22 Short-term external debt 21 -1 0 0 0 0 0 0 Interest payments 11 35 74 65 64 49 46 48 Long-term external debt 10 32 74 65 64 49 46 48 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 1 3 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 21 23 127 109 140 170 109 96 Portfolio equity .. .. .. 4 .. 2 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.6 1.7 1.6 1.1 1.5 1.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 10.0 1.8 0.4 0.4 0.2 0.1 0.1 0.1 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 62.7 92.6 96.5 96.6 96.8 97.5 97.2 97.5 4. Average terms of new commitments Official creditors Interest (%) 5.9 6.3 0.0 2.9 5.1 3.8 1.9 2.0 Maturity (years) 17.9 21.1 28.4 10.5 21.6 18.9 22.2 22.5 Grace period (years) 3.9 5.3 1.0 2.4 5.4 4.3 4.6 5.3 Private creditors Interest (%) 8.6 9.5 4.7 0.0 4.2 4.3 0.0 0.0 Maturity (years) 4.8 8.1 7.1 0.0 22.0 22.0 0.0 0.0 Grace period (years) 0.3 3.0 1.6 0.0 12.5 12.5 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 599 775 1,000 1,088 1,118 1,197 1,236 1,303 Exports of goods, services & income 300 441 634 800 831 872 733 834 Worker remit. & comp. of employees 14 26 46 65 75 78 80 80 Imports of goods, services & income 351 663 836 899 976 1,129 895 972 Profit remittances on FDI 8 31 35 52 87 107 56 102 Current account balance -17 -156 -151 -25 -52 -145 -83 -46 International reserves 38 123 71 114 109 166 214 218 6. Ratios External debt stocks to exports (%) 85.0 139.3 161.1 130.7 127.6 119.6 146.1 125.3 External debt stocks to GNI (%) 42.6 79.3 102.0 96.2 94.8 87.2 86.6 80.3 Debt service to exports (%) 12.2 17.3 36.5 17.8 78.9 12.1 13.5 12.1 Short-term to external debt stocks (%) 14.0 8.1 0.7 0.7 0.7 0.7 0.9 0.7 Multilateral to external debt stocks (%) 35.1 22.6 22.0 21.8 23.0 22.1 23.8 24.5 Reserves to external debt stocks (%) 14.7 20.0 7.0 10.9 10.2 15.9 20.0 20.9 Reserves to imports (months) 1.3 2.2 1.0 1.5 1.3 1.8 2.9 2.7 78 BELIZE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 219 565 1,014 1,038 1,053 1,036 1,054 1,031 Public and publicly guaranteed 219 557 989 1,018 1,039 1,020 1,040 1,021 Official creditors 175 228 348 415 391 386 417 406 Multilateral 89 139 225 228 243 230 254 256 of which: IBRD 30 40 35 30 25 21 16 12 IDA 0 0 0 0 0 0 0 0 Bilateral 86 89 124 188 148 156 162 150 Private creditors 44 328 641 603 648 635 624 615 of which: Bonds 0 75 482 466 24 22 21 21 Commercial banks 39 245 149 129 619 610 603 594 Private nonguaranteed 0 8 25 20 14 16 14 10 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 31 223 213 100 604 41 71 31 Public and publicly guaranteed 31 218 213 100 604 41 71 31 Official creditors 26 27 48 97 63 40 70 31 Multilateral 12 22 14 17 36 16 40 21 of which: IBRD 6 2 1 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 13 4 34 80 26 24 30 10 Private creditors 5 192 165 3 541 2 1 0 of which: Bonds 0 86 143 0 0 0 0 0 Commercial banks 5 96 12 3 541 2 1 0 Private nonguaranteed 0 5 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 25 41 157 77 591 56 53 53 Public and publicly guaranteed 25 41 155 73 585 52 51 49 Official creditors 18 20 21 31 88 38 39 41 Multilateral 7 9 14 16 22 22 17 18 of which: IBRD 2 4 4 5 5 5 4 4 IDA 0 0 0 0 0 0 0 0 Bilateral 11 11 6 15 66 16 23 23 Private creditors 8 22 135 42 497 15 12 8 of which: Bonds 0 11 36 16 441 2 1 0 Commercial banks 5 9 98 22 52 10 8 8 Private nonguaranteed 0 0 2 5 6 4 2 4 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 10 32 74 65 64 49 46 48 Public and publicly guaranteed 10 32 73 64 64 49 45 47 Official creditors 8 12 15 17 19 17 15 13 Multilateral 4 7 10 10 11 10 8 8 of which: IBRD 2 3 2 2 2 1 1 0 IDA 0 0 0 0 0 0 0 0 Bilateral 4 4 5 7 8 7 7 5 Private creditors 2 20 58 47 45 31 30 34 of which: Bonds 0 1 41 36 23 2 2 2 Commercial banks 2 18 16 10 21 29 28 32 Private nonguaranteed 0 0 1 1 0 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 56 219 51 25 14 -16 27 -25 Net flows on external debt 27 181 55 23 13 -15 25 -22 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 7 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 39 31 31 34 34 42 33 31 Interest 12 12 11 11 10 9 8 7 Private creditors Principal 12 31 9 9 8 5 5 4 Interest 29 27 26 25 24 24 23 23 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. 79 BENIN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,397 1,388 1,538 641 764 917 1,072 1,221 Long-term external debt 1,265 1,238 1,444 597 755 857 990 1,134 Public and publicly guaranteed 1,265 1,238 1,444 597 755 857 990 1,134 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 84 84 53 3 4 22 39 55 Short-term external debt 47 66 41 41 5 37 44 32 interest arrears on long-term 8 1 2 2 5 4 32 25 Memorandum items Principal arrears on long-term 71 2 6 8 9 13 36 41 Long-term public sector debt 1,265 1,238 1,444 597 755 857 990 1,134 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 113 140 266 91 228 147 232 284 External debt flows Disbursements 104 48 98 162 160 162 166 209 Long-term external debt 90 39 97 161 158 143 150 193 IMF purchases 14 9 1 1 1 19 16 16 Principal repayments 25 53 31 27 18 17 25 30 Long-term external debt 23 43 24 27 18 17 25 30 IMF repurchases 2 11 7 0 0 0 0 0 Net flows 95 -54 82 135 102 178 120 175 Long-term external debt 67 -4 73 134 140 127 125 163 Short-term external debt 16 -48 15 0 -39 33 -21 -5 Interest payments 23 21 16 14 11 42 12 13 Long-term external debt 21 16 14 12 10 41 12 13 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 2 4 2 2 1 0 0 0 2. Other non-debt resource inflows Foreign direct investment 13 60 53 53 255 170 134 111 Portfolio equity 0 0 2 0 5 -2 9 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 4.4 4.9 3.8 3.2 5.3 9.7 Japanese yen 0.0 2.6 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.5 0.3 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 45.0 54.7 50.6 27.0 27.8 24.3 21.5 19.9 4. Average terms of new commitments Official creditors Interest (%) 1.7 1.9 1.3 1.2 1.5 1.5 1.3 1.0 Maturity (years) 32.4 32.7 30.4 32.6 32.5 30.1 36.8 31.5 Grace period (years) 8.9 8.3 9.3 8.3 8.4 8.0 8.9 9.4 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) 1,965 2,243 4,259 4,623 5,428 6,672 6,605 6,633 Exports of goods, services & income 638 552 797 976 1,386 1,675 .. .. Worker remit. & comp. of employees 100 87 173 224 282 251 251 248 Imports of goods, services & income 926 744 1,188 1,452 2,189 2,456 2,310 .. Profit remittances on FDI 6 1 9 15 53 30 32 .. Current account balance -167 -81 -226 -217 -534 -536 -649 .. International reserves 198 459 655 912 1,209 1,263 1,230 1,200 6. Ratios External debt stocks to exports (%) 219.0 251.5 192.8 65.6 55.1 54.7 .. .. External debt stocks to GNI (%) 71.1 61.9 36.1 13.9 14.1 13.7 16.2 18.4 Debt service to exports (%) 7.5 13.5 5.9 4.2 2.1 3.5 .. .. Short-term to external debt stocks (%) 3.4 4.8 2.7 6.4 0.6 4.1 4.1 2.7 Multilateral to external debt stocks (%) 63.2 69.8 88.2 72.2 78.1 75.5 74.7 75.9 Reserves to external debt stocks (%) 14.2 33.1 42.6 142.4 158.2 137.8 114.7 98.3 Reserves to imports (months) 2.6 7.4 6.6 7.5 6.6 6.2 6.4 .. 80 BENIN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,265 1,238 1,444 597 755 857 990 1,134 Public and publicly guaranteed 1,265 1,238 1,444 597 755 857 990 1,134 Official creditors 1,261 1,235 1,444 597 755 857 990 1,134 Multilateral 882 969 1,356 463 597 692 801 927 of which: IBRD 0 0 0 0 0 0 0 0 IDA 498 578 771 126 176 255 309 383 Bilateral 379 266 88 134 159 165 188 207 Private creditors 4 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 Disbursements 90 39 97 161 158 143 150 193 Public and publicly guaranteed 90 39 97 161 158 143 150 193 Official creditors 90 39 97 161 158 143 150 193 Multilateral 80 27 92 85 138 138 117 166 of which: IBRD 0 0 0 0 0 0 0 0 IDA 31 36 49 32 43 84 51 79 Bilateral 10 12 4 75 21 5 33 27 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 Principal repayments 23 43 24 27 18 17 25 30 Public and publicly guaranteed 23 43 24 27 18 17 25 30 Official creditors 23 43 20 27 18 17 25 30 Multilateral 16 14 20 21 17 14 17 21 of which: IBRD 0 0 0 0 0 0 0 0 IDA 3 4 6 3 0 0 0 0 Bilateral 7 28 1 6 2 3 8 8 Private creditors 0 0 4 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 21 16 14 12 10 41 12 13 Public and publicly guaranteed 21 16 14 12 10 41 12 13 Official creditors 21 16 14 12 10 41 12 13 Multilateral 8 11 13 12 10 24 10 11 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 4 6 4 1 2 2 2 Bilateral 12 5 1 1 1 17 2 2 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 14 -88 -60 -897 123 153 156 149 Net flows on external debt 95 -54 82 135 102 178 120 175 9. Debt restructurings Total amount rescheduled 5 53 0 0 0 0 0 0 Total amount forgiven 139 7 15 1,076 0 6 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 49 52 58 60 63 60 61 61 Interest 15 17 18 18 17 16 15 14 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Benin was granted debt relief effective in 2006 under MDRI. 81 BHUTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 105.8 203.8 649.2 713.3 793.0 685.5 751.9 898.2 Long-term external debt 105.2 202.2 636.7 697.3 775.0 677.5 746.9 892.2 Public and publicly guaranteed 105.2 202.2 636.7 697.3 775.0 677.5 746.9 892.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.6 1.5 12.5 16.0 18.0 8.0 5.0 6.0 interest arrears on long-term 0.6 0.0 4.5 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 0.2 0.0 4.1 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 105.2 202.2 636.7 697.3 775.0 677.5 746.9 892.2 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 24.0 85.1 60.3 25.0 556.0 0.0 175.8 1045.2 External debt flows Disbursements 9.9 34.8 81.9 45.2 31.9 31.7 91.9 177.8 Long-term external debt 9.9 34.8 81.9 45.2 31.9 31.7 91.9 177.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 7.2 4.7 4.6 5.9 23.9 43.5 41.1 46.6 Long-term external debt 7.2 4.7 4.6 5.9 23.9 43.5 41.1 46.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 2.7 29.6 85.3 47.3 10.0 -21.8 47.8 132.2 Long-term external debt 2.7 30.1 77.3 39.3 8.0 -11.8 50.8 131.2 Short-term external debt 0.0 -0.5 8.0 8.0 2.0 -10.0 -3.0 1.0 Interest payments 2.6 2.0 2.2 4.4 7.9 38.0 34.4 37.6 Long-term external debt 2.6 1.8 2.0 3.4 6.9 38.0 34.4 37.5 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.0 0.2 0.2 1.0 1.0 0.0 0.0 0.1 2. Other non-debt resource inflows Foreign direct investment .. .. 9.0 6.1 73.8 28.7 17.6 11.7 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 9.6 10.9 11.1 11.6 11.5 10.1 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 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 28.6 17.7 18.2 19.2 19.0 22.9 24.0 22.3 4. Average terms of new commitments Official creditors Interest (%) 1.3 3.6 0.8 1.4 9.2 0.8 4.3 9.8 Maturity (years) 33.4 32.1 28.6 32.0 19.9 38.9 24.7 22.4 Grace period (years) 11.2 10.5 7.1 8.5 7.7 9.4 6.1 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) 291.6 418.7 806.6 899.9 1190.9 1231.4 1229.6 1419.7 Exports of goods, services & income .. .. .. 381.9 658.0 688.6 534.8 .. Worker remit. & comp. of employees .. .. .. 2.2 2.9 3.6 4.8 4.8 Imports of goods, services & income .. .. .. 565.8 610.2 832.2 733.4 .. Profit remittances on FDI .. .. .. 0.4 1.1 1.9 1.1 .. Current account balance .. .. .. -79.1 143.4 -26.8 -112.9 .. International reserves 130.5 317.6 467.4 545.3 699.0 764.8 890.9 1002.1 6. Ratios External debt stocks to exports (%) .. .. .. 186.8 120.5 99.5 140.6 .. External debt stocks to GNI (%) 36.3 48.7 80.5 79.3 66.6 55.7 61.2 63.3 Debt service to exports (%) .. .. .. 2.7 4.8 11.8 14.1 .. Short-term to external debt stocks (%) 0.5 0.8 1.9 2.2 2.3 1.2 0.7 0.7 Multilateral to external debt stocks (%) 64.5 49.4 27.3 27.4 28.2 34.7 38.0 36.9 Reserves to external debt stocks (%) 123.3 155.9 72.0 76.5 88.1 111.6 118.5 111.6 Reserves to imports (months) .. .. .. 11.6 13.7 11.0 14.6 .. 82 BHUTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 105.2 202.2 636.7 697.3 775.0 677.5 746.9 892.2 Public and publicly guaranteed 105.2 202.2 636.7 697.3 775.0 677.5 746.9 892.2 Official creditors 98.4 202.2 636.7 697.3 775.0 677.5 746.9 892.2 Multilateral 68.2 100.6 177.1 195.8 223.7 238.1 286.0 331.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 22.5 26.1 63.3 76.0 87.5 94.3 113.9 112.3 Bilateral 30.2 101.6 459.6 501.5 551.4 439.4 460.9 560.6 Private creditors 6.8 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 9.9 34.8 81.9 45.2 31.9 31.7 91.9 177.8 Public and publicly guaranteed 9.9 34.8 81.9 45.2 31.9 31.7 91.9 177.8 Official creditors 9.9 34.8 81.9 45.2 31.9 31.7 91.9 177.8 Multilateral 5.8 11.8 22.1 15.1 21.4 14.7 51.3 50.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.2 3.6 8.4 10.3 8.8 8.6 19.9 2.1 Bilateral 4.1 23.0 59.9 30.1 10.5 16.9 40.6 127.8 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 Principal repayments 7.2 4.7 4.6 5.9 23.9 43.5 41.1 46.6 Public and publicly guaranteed 7.2 4.7 4.6 5.9 23.9 43.5 41.1 46.6 Official creditors 4.9 4.7 4.6 5.9 23.9 43.5 41.1 46.6 Multilateral 0.6 1.3 2.2 2.5 2.7 3.7 5.3 6.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.3 0.7 0.8 0.8 1.0 1.2 1.7 Bilateral 4.3 3.4 2.5 3.4 21.2 39.8 35.7 40.2 Private creditors 2.3 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 2.6 1.8 2.0 3.4 6.9 38.0 34.4 37.5 Public and publicly guaranteed 2.6 1.8 2.0 3.4 6.9 38.0 34.4 37.5 Official creditors 2.0 1.8 2.0 3.4 6.9 38.0 34.4 37.5 Multilateral 0.6 0.9 1.6 1.8 1.8 2.1 2.2 3.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.2 0.6 0.6 0.6 0.7 0.7 0.8 Bilateral 1.4 0.9 0.4 1.6 5.1 35.9 32.2 34.5 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 0.0 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 1.3 20.0 55.9 64.1 79.7 -107.5 66.4 146.3 Net flows on external debt 2.7 29.6 85.3 47.3 10.0 -21.8 47.8 132.2 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 72.2 72.7 77.6 81.3 122.8 94.8 86.1 122.2 Interest 35.4 30.7 25.8 20.3 60.9 51.7 76.7 121.2 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 83 BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 5,272 5,785 6,908 5,798 4,992 5,528 5,743 5,267 Long-term external debt 4,698 5,163 6,482 5,563 4,815 5,370 5,189 5,164 Public and publicly guaranteed 4,459 4,137 4,568 3,175 2,194 2,401 2,542 2,806 Private nonguaranteed 239 1,026 1,914 2,388 2,621 2,969 2,647 2,358 Use of IMF credit 268 220 244 15 0 0 0 0 Short-term external debt 307 402 182 220 177 158 554 103 interest arrears on long-term 20 2 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 30 19 0 0 0 0 0 0 Long-term public sector debt 4,459 3,759 4,545 3,157 2,184 2,392 2,533 2,795 Long-term private sector debt 239 1,403 1,937 2,406 2,631 2,978 2,656 2,368 Public & publicly guaranteed commitments 684 180 551 185 1,059 1,173 1,156 881 External debt flows Disbursements 520 759 895 364 912 1,263 512 552 Long-term external debt 494 744 880 364 912 1,263 512 552 IMF purchases 26 15 14 0 0 0 0 0 Principal repayments 199 454 355 208 539 767 453 567 Long-term external debt 173 434 315 208 525 767 453 567 IMF repurchases 26 20 40 0 15 0 0 0 Net flows 341 294 449 194 329 477 455 -467 Long-term external debt 321 309 565 155 387 496 59 -16 Short-term external debt 20 -10 -91 38 -43 -19 396 -451 Interest payments 173 180 174 215 202 179 138 79 Long-term external debt 155 159 159 203 194 175 119 76 IMF charges 1 1 6 2 1 0 0 0 Short-term external debt 17 20 10 10 7 4 19 4 2. Other non-debt resource inflows Foreign direct investment 393 736 -239 281 366 512 423 622 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.5 2.6 4.2 3.6 3.1 2.7 Japanese yen 13.2 12.3 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.7 0.2 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 32.7 45.0 75.3 66.2 76.5 79.7 82.0 84.8 4. Average terms of new commitments Official creditors Interest (%) 3.8 4.3 4.9 4.1 2.7 3.6 3.4 2.1 Maturity (years) 29.1 28.1 21.6 24.9 22.8 19.9 22.3 20.7 Grace period (years) 7.8 7.8 5.6 5.8 5.2 5.3 5.2 4.6 Private creditors Interest (%) 6.7 1.8 0.0 0.0 5.0 4.8 2.2 0.1 Maturity (years) 5.6 34.3 0.0 0.0 2.0 2.7 15.0 35.7 Grace period (years) 1.0 8.6 0.0 0.0 2.0 2.0 4.5 26.8 5. Major economic aggregates Gross national income (GNI) 6,494 8,172 9,173 11,054 12,631 16,139 16,666 18,926 Exports of goods, services & income 1,262 1,610 3,401 4,587 5,327 7,373 5,666 6,922 Worker remit. & comp. of employees 7 127 346 612 1,065 1,144 1,069 1,088 Imports of goods, services & income 1,809 2,443 3,363 4,091 5,002 6,664 6,065 7,129 Profit remittances on FDI 24 148 271 392 644 681 769 863 Current account balance -303 -446 622 1,317 1,591 1,993 814 874 International reserves 1,005 1,184 1,795 3,194 5,314 7,720 8,575 9,731 6. Ratios External debt stocks to exports (%) 417.7 359.4 203.1 126.4 93.7 75.0 101.4 76.1 External debt stocks to GNI (%) 81.2 70.8 75.3 52.4 39.5 34.3 34.5 27.8 Debt service to exports (%) 29.5 39.4 15.6 9.2 13.9 12.8 10.4 9.3 Short-term to external debt stocks (%) 5.8 7.0 2.6 3.8 3.5 2.9 9.6 2.0 Multilateral to external debt stocks (%) 48.9 48.5 60.9 47.5 33.9 32.6 34.3 42.9 Reserves to external debt stocks (%) 19.1 20.5 26.0 55.1 106.4 139.7 149.3 184.8 Reserves to imports (months) 6.7 5.8 6.4 9.4 12.7 13.9 17.0 16.4 84 BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 4,698 5,163 6,482 5,563 4,815 5,370 5,189 5,164 Public and publicly guaranteed 4,459 4,137 4,568 3,175 2,194 2,401 2,542 2,806 Official creditors 4,396 4,103 4,541 3,148 2,158 2,304 2,451 2,782 Multilateral 2,579 2,803 4,206 2,754 1,690 1,803 1,971 2,259 of which: IBRD 95 0 0 0 0 0 0 0 IDA 770 1,096 1,673 233 259 281 316 355 Bilateral 1,817 1,300 336 393 468 502 480 523 Private creditors 63 33 27 28 36 97 92 24 of which: Bonds 17 0 0 0 10 10 0 0 Commercial banks 9 3 5 8 8 74 81 14 Private nonguaranteed 239 1,026 1,914 2,388 2,621 2,969 2,647 2,358 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 494 744 880 364 912 1,263 512 552 Public and publicly guaranteed 427 276 434 259 319 590 415 522 Official creditors 427 263 429 255 308 524 408 519 Multilateral 383 238 346 183 222 458 330 436 of which: IBRD 0 0 0 0 0 0 0 0 IDA 113 61 71 34 16 25 34 46 Bilateral 45 25 83 72 86 66 79 84 Private creditors 0 13 4 4 10 67 7 3 of which: Bonds 0 0 0 0 10 0 0 0 Commercial banks 0 0 4 3 0 66 7 0 Private nonguaranteed 67 468 447 105 593 673 97 30 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 173 434 315 208 525 767 453 567 Public and publicly guaranteed 155 153 184 200 165 375 196 246 Official creditors 147 149 182 196 161 370 184 176 Multilateral 120 118 169 181 145 351 166 138 of which: IBRD 26 12 0 0 0 0 0 0 IDA 2 0 8 5 0 1 2 2 Bilateral 27 32 13 14 16 19 18 38 Private creditors 8 4 2 4 4 5 13 70 of which: Bonds 0 0 0 0 0 0 10 0 Commercial banks 4 1 1 1 0 0 0 66 Private nonguaranteed 18 281 131 8 360 392 257 322 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 155 159 159 203 194 175 119 76 Public and publicly guaranteed 137 112 100 111 103 98 71 53 Official creditors 133 111 99 111 103 98 67 50 Multilateral 100 82 94 101 92 88 57 42 of which: IBRD 9 1 0 0 0 0 0 0 IDA 6 1 12 6 2 2 2 2 Bilateral 33 29 5 10 11 10 10 8 Private creditors 4 1 0 0 0 1 4 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 3 4 Private nonguaranteed 19 47 59 92 91 77 48 22 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 396 237 686 -1,110 -805 536 215 -476 Net flows on external debt 341 294 449 194 329 477 455 -467 9. Debt restructurings Total amount rescheduled 196 0 0 0 0 0 0 0 Total amount forgiven 82 64 65 1,787 1,182 17 87 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 185 190 236 279 313 315 320 314 Interest 68 77 84 86 83 78 74 67 Private creditors Principal 578 514 634 220 207 103 68 202 Interest 86 63 48 17 14 11 9 13 85 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks .. 2,773 6,222 7,242 8,823 8,303 9,625 8,457 Long-term external debt .. 2,619 5,323 6,051 7,133 7,398 7,662 6,899 Public and publicly guaranteed .. 1,957 2,556 2,716 2,958 3,000 3,570 3,751 Private nonguaranteed .. 663 2,767 3,335 4,175 4,398 4,091 3,149 Use of IMF credit 48 105 62 20 2 0 286 521 Short-term external debt .. 49 837 1,171 1,687 905 1,677 1,037 interest arrears on long-term .. 1 0 0 0 0 0 0 Memorandum items Principal arrears on long-term .. 1 0 0 0 0 0 0 Long-term public sector debt .. 1,957 2,556 2,716 2,958 3,000 3,570 3,751 Long-term private sector debt .. 663 2,767 3,335 4,175 4,398 4,091 3,149 Public & publicly guaranteed commitments .. 197 120 616 231 302 375 656 External debt flows Disbursements .. 138 536 754 1,022 471 683 771 Long-term external debt .. 103 536 754 1,022 471 401 534 IMF purchases 46 36 0 0 0 0 282 237 Principal repayments .. 190 134 188 145 139 510 1,128 Long-term external debt .. 170 95 144 127 137 510 1,128 IMF repurchases 28 20 39 44 18 2 0 0 Net flows .. -41 879 899 1,392 -450 945 -997 Long-term external debt .. -68 441 609 895 335 -109 -594 Short-term external debt .. 11 477 334 516 -782 772 -640 Interest payments .. 127 151 183 290 307 290 231 Long-term external debt .. 119 136 176 217 256 217 177 IMF charges 5 5 3 2 1 0 1 5 Short-term external debt .. 3 12 4 73 50 72 49 2. Other non-debt resource inflows Foreign direct investment .. 146 608 768 2,071 982 240 232 Portfolio equity .. 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 33.9 35.7 38.0 38.9 48.6 51.0 Japanese yen .. 0.0 1.2 1.3 1.2 1.5 1.2 1.3 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 2.3 1.7 1.2 1.2 1.2 1.1 1.0 U.S.dollars .. 27.6 41.3 40.9 40.1 39.1 32.8 30.8 4. Average terms of new commitments Official creditors Interest (%) .. 3.7 1.9 3.1 3.9 4.7 1.7 0.9 Maturity (years) .. 23.3 17.1 20.6 22.3 16.2 16.1 22.1 Grace period (years) .. 6.7 5.9 6.9 6.1 4.3 4.8 7.4 Private creditors Interest (%) .. 0.0 0.0 2.9 4.2 1.2 1.0 1.4 Maturity (years) .. 0.0 0.0 12.1 15.1 13.4 13.5 13.0 Grace period (years) .. 0.0 0.0 2.9 6.9 6.0 4.5 3.5 5. Major economic aggregates Gross national income (GNI) .. 6,096 11,216 12,717 15,722 19,131 17,630 17,317 Exports of goods, services & income .. 2,247 4,227 5,254 6,728 8,041 6,360 6,819 Worker remit. & comp. of employees .. 1,607 2,043 2,157 2,700 2,735 2,133 1,905 Imports of goods, services & income .. 4,234 8,103 8,486 11,093 13,486 9,738 10,086 Profit remittances on FDI .. 0 97 175 344 187 -70 27 Current account balance .. -396 -1,844 -998 -1,648 -2,605 -1,075 -1,008 International reserves .. 497 2,548 3,655 5,002 4,464 4,548 4,383 6. Ratios External debt stocks to exports (%) .. 123.4 147.2 137.8 131.1 103.3 151.3 124.0 External debt stocks to GNI (%) .. 45.5 55.5 57.0 56.1 43.4 54.6 48.8 Debt service to exports (%) .. 14.2 6.8 7.1 6.5 5.5 12.6 19.9 Short-term to external debt stocks (%) .. 1.8 13.5 16.2 19.1 10.9 17.4 12.3 Multilateral to external debt stocks (%) .. 45.6 27.5 24.9 22.0 23.9 22.8 28.6 Reserves to external debt stocks (%) .. 17.9 40.9 50.5 56.7 53.8 47.3 51.8 Reserves to imports (months) .. 1.4 3.8 5.2 5.4 4.0 5.6 5.2 86 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed .. 2,619 5,323 6,051 7,133 7,398 7,662 6,899 Public and publicly guaranteed .. 1,957 2,556 2,716 2,958 3,000 3,570 3,751 Official creditors .. 1,832 2,401 2,547 2,764 2,800 3,043 3,285 Multilateral .. 1,266 1,712 1,802 1,942 1,984 2,198 2,416 of which: IBRD 472 562 481 466 453 443 417 445 IDA 0 398 921 983 1,068 1,077 1,102 1,180 Bilateral .. 566 689 744 821 816 845 869 Private creditors .. 125 155 169 195 200 527 466 of which: Bonds .. 0 0 0 0 0 322 273 Commercial banks .. 125 155 169 195 200 206 193 Private nonguaranteed .. 663 2,767 3,335 4,175 4,398 4,091 3,149 of which: Bonds .. 0 0 0 0 0 0 0 Disbursements .. 103 536 754 1,022 471 401 534 Public and publicly guaranteed .. 98 150 125 149 189 329 464 Official creditors .. 98 150 125 137 163 316 450 Multilateral .. 90 133 94 118 128 271 372 of which: IBRD .. 0 0 0 0 0 0 50 IDA .. 44 56 27 57 29 33 115 Bilateral .. 8 17 32 19 35 46 78 Private creditors .. 0 0 0 12 26 12 14 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 12 26 12 14 Private nonguaranteed .. 5 386 628 873 282 73 69 of which: Bonds .. 0 0 0 0 0 0 0 Principal repayments .. 170 95 144 127 137 510 1,128 Public and publicly guaranteed .. 170 54 67 79 91 109 145 Official creditors .. 170 51 63 72 82 96 107 Multilateral .. 166 44 56 63 71 84 94 of which: IBRD .. 0 24 24 24 25 25 25 IDA .. 0 0 4 9 12 15 18 Bilateral .. 3 7 8 9 11 12 13 Private creditors .. 0 3 3 7 9 13 37 of which: Bonds .. 0 0 0 0 0 0 25 Commercial banks .. 0 3 3 7 9 13 13 Private nonguaranteed .. 1 41 78 48 46 401 984 of which: Bonds .. 0 0 0 0 0 0 0 Interest payments .. 119 136 176 217 256 217 177 Public and publicly guaranteed .. 89 53 61 70 80 63 55 Official creditors .. 86 48 56 63 70 56 47 Multilateral .. 74 35 43 49 54 41 32 of which: IBRD .. 33 17 23 26 26 17 8 IDA .. 3 7 8 8 8 8 8 Bilateral .. 13 13 13 14 16 14 15 Private creditors .. 2 6 6 6 10 8 9 of which: Bonds .. 0 0 0 0 0 0 5 Commercial banks .. 2 6 6 6 10 8 3 Private nonguaranteed .. 30 83 114 147 176 153 121 of which: Bonds .. 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. 397 633 1,020 1,580 -520 1,322 -1,168 Net flows on external debt .. -41 879 899 1,392 -450 945 -997 9. Debt restructurings Total amount rescheduled .. 4 0 0 0 0 0 0 Total amount forgiven .. 0 0 0 0 0 28 0 Debt buyback .. 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 176 173 198 225 233 236 247 253 Interest 60 60 59 57 53 49 45 41 Private creditors Principal 884 678 611 368 295 229 196 147 Interest 128 94 70 48 35 25 17 11 Notes: Data on long-term private nonguaranteed debt from 2005 are World Bank staff estimates. 87 BOTSWANA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 717 453 447 382 413 434 1,617 1,709 Long-term external debt 707 438 412 358 391 391 1,388 1,352 Public and publicly guaranteed 707 438 412 358 391 391 1,388 1,352 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 10 15 35 24 22 43 229 357 interest arrears on long-term 6 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 9 1 0 0 0 0 0 0 Long-term public sector debt 676 432 412 358 391 391 1,388 1,352 Long-term private sector debt 31 5 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 0 0 75 50 0 1,777 341 External debt flows Disbursements 67 28 11 4 50 54 1,006 17 Long-term external debt 67 28 11 4 50 54 1,006 17 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 64 52 40 45 37 61 36 56 Long-term external debt 64 52 40 45 37 61 36 56 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 4 -29 -17 -51 11 15 1,156 89 Long-term external debt 3 -24 -30 -40 13 -6 970 -39 Short-term external debt 1 -5 13 -11 -2 21 186 128 Interest payments 27 17 13 12 10 8 11 19 Long-term external debt 27 15 12 10 9 7 9 16 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 1 1 2 1 1 2 4 2. Other non-debt resource inflows Foreign direct investment 70 57 492 751 647 895 252 529 Portfolio equity 6 -6 27 36 9 -37 18 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 6.9 8.2 8.0 7.2 2.0 0.3 Japanese yen 11.1 11.4 17.1 10.4 13.3 13.9 3.5 3.6 Pound sterling 3.8 2.3 5.2 6.1 5.5 3.6 1.0 0.8 Swiss franc 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 13.4 18.0 20.5 20.8 18.3 24.9 7.7 8.1 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.0 0.0 4.6 3.3 0.0 0.8 1.0 Maturity (years) 0.0 0.0 0.0 18.2 20.9 0.0 20.7 23.4 Grace period (years) 0.0 0.0 0.0 5.2 5.9 0.0 5.8 4.5 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) 4,741 5,280 9,416 10,483 11,638 12,841 11,514 14,771 Exports of goods, services & income 2,904 3,378 5,740 5,821 6,339 6,147 4,531 5,094 Worker remit. & comp. of employees 59 26 131 116 105 114 88 100 Imports of goods, services & income 2,565 3,050 4,851 4,755 5,649 6,719 5,935 6,383 Profit remittances on FDI 416 658 1,066 1,043 989 1,057 727 .. Current account balance 300 545 1,562 1,938 1,796 468 -526 -754 International reserves 4,695 6,318 6,309 7,992 9,790 9,119 8,704 7,885 6. Ratios External debt stocks to exports (%) 24.7 13.4 7.8 6.6 6.5 7.1 35.7 33.5 External debt stocks to GNI (%) 15.1 8.6 4.8 3.6 3.5 3.4 14.0 11.6 Debt service to exports (%) 3.1 2.0 0.9 1.0 0.7 1.1 1.0 1.5 Short-term to external debt stocks (%) 1.4 3.3 7.8 6.3 5.3 9.9 14.2 20.9 Multilateral to external debt stocks (%) 70.1 65.7 58.6 64.2 58.2 57.1 77.4 71.5 Reserves to external debt stocks (%) 654.7 1,395.5 1,410.5 2,091.3 2,369.9 2,102.1 538.2 461.5 Reserves to imports (months) 22.0 24.9 15.6 20.2 20.8 16.3 17.6 14.8 88 BOTSWANA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 707 438 412 358 391 391 1,388 1,352 Public and publicly guaranteed 707 438 412 358 391 391 1,388 1,352 Official creditors 660 410 401 349 384 389 1,387 1,351 Multilateral 503 297 262 245 240 248 1,252 1,222 of which: IBRD 96 16 2 1 0 0 0 6 IDA 12 9 7 6 6 5 5 4 Bilateral 157 112 139 104 144 141 135 129 Private creditors 47 28 12 9 7 2 2 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 33 20 7 5 4 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 67 28 11 4 50 54 1,006 17 Public and publicly guaranteed 67 28 11 4 50 54 1,006 17 Official creditors 67 24 11 4 50 54 1,006 17 Multilateral 23 8 0 2 8 44 997 16 of which: IBRD 1 0 0 0 0 0 0 6 IDA 0 0 0 0 0 0 0 0 Bilateral 44 16 11 3 43 11 9 1 Private creditors 0 4 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 4 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 64 52 40 45 37 61 36 56 Public and publicly guaranteed 64 52 40 45 37 61 36 56 Official creditors 58 45 38 42 35 56 35 55 Multilateral 48 33 28 30 25 26 21 41 of which: IBRD 24 7 1 1 1 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 9 12 10 12 10 30 14 14 Private creditors 6 7 2 2 2 5 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 6 2 2 2 4 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 27 15 12 10 9 7 9 16 Public and publicly guaranteed 27 15 12 10 9 7 9 16 Official creditors 24 14 11 10 9 7 9 16 Multilateral 21 11 8 7 6 5 5 12 of which: IBRD 9 1 0 0 0 0 0 1 IDA 0 0 0 0 0 0 0 0 Bilateral 3 3 4 3 3 3 3 3 Private creditors 3 1 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 1 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 17 -51 -63 -65 31 21 1,184 91 Net flows on external debt 4 -29 -17 -51 11 15 1,156 89 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 28 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 53 34 33 35 143 147 152 155 Interest 12 13 13 13 13 13 12 11 Private creditors Principal 1 1 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 89 BRAZIL (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 160,469 241,550 187,526 193,458 237,605 262,151 276,910 346,978 Long-term external debt 129,090 208,809 163,533 173,133 198,357 225,500 237,121 281,482 Public and publicly guaranteed 98,260 96,127 94,028 84,245 79,595 79,658 87,295 96,542 Private nonguaranteed 30,830 112,682 69,505 88,889 118,762 145,842 149,826 184,940 Use of IMF credit 142 1,768 0 0 0 0 0 0 Short-term external debt 31,238 30,973 23,993 20,325 39,248 36,652 39,789 65,496 interest arrears on long-term 1,546 176 0 2 2 8 3 4 Memorandum items Principal arrears on long-term 3,936 1,821 18 3 6 5 9 4 Long-term public sector debt 97,392 95,681 92,677 83,044 78,374 78,408 84,686 93,444 Long-term private sector debt 31,698 113,127 70,855 90,089 119,983 147,092 152,435 188,038 Public & publicly guaranteed commitments 7,606 30,607 12,659 9,248 11,070 12,812 25,693 15,703 External debt flows Disbursements 20,207 44,051 27,402 52,622 59,904 69,505 57,670 84,723 Long-term external debt 20,207 44,051 27,402 52,622 59,904 69,505 57,670 84,723 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 11,051 47,733 49,561 47,388 40,422 40,285 30,425 31,972 Long-term external debt 11,002 41,040 25,751 47,388 40,422 40,285 30,425 31,972 IMF repurchases 49 6,693 23,810 0 0 0 0 0 Net flows 8,797 -1,851 -23,433 1,564 38,405 26,618 30,386 78,458 Long-term external debt 9,205 3,011 1,651 5,234 19,482 29,220 27,244 52,752 Short-term external debt -359 1,831 -1,274 -3,670 18,923 -2,602 3,142 25,706 Interest payments 10,522 17,111 13,282 14,785 14,514 16,175 14,165 13,835 Long-term external debt 8,719 15,280 10,303 13,150 13,025 15,037 13,675 13,150 IMF charges 10 336 1,079 109 0 0 0 0 Short-term external debt 1,792 1,494 1,900 1,526 1,489 1,138 489 684 2. Other non-debt resource inflows Foreign direct investment 4,859 32,779 15,066 18,782 34,585 45,058 25,949 48,438 Portfolio equity 2,775 3,076 6,451 7,716 26,217 -7,565 37,071 37,684 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 9.4 10.4 9.8 9.0 7.2 6.1 Japanese yen 8.7 7.4 6.1 5.4 4.7 5.9 5.0 5.0 Pound sterling 1.8 1.0 0.2 0.3 0.0 0.1 0.1 0.1 Swiss franc 0.3 0.3 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.3 70.4 79.3 79.0 80.7 80.6 84.2 86.0 4. Average terms of new commitments Official creditors Interest (%) 5.9 5.7 4.7 6.0 4.6 3.6 2.4 0.8 Maturity (years) 19.9 8.6 18.5 17.1 16.7 23.6 15.2 25.3 Grace period (years) 4.9 1.3 4.3 4.4 3.9 3.8 5.0 4.6 Private creditors Interest (%) 7.7 9.9 8.7 7.5 8.5 5.4 5.6 5.0 Maturity (years) 3.3 15.5 14.5 15.1 13.7 14.1 11.2 10.4 Grace period (years) 2.1 14.2 14.0 15.0 9.4 13.6 9.0 10.1 5. Major economic aggregates Gross national income (GNI) 757,886 626,768 856,883 1,061,994 1,337,851 1,613,509 1,562,412 2,049,172 Exports of goods, services & income 56,098 68,205 137,550 163,708 196,096 240,904 189,549 241,089 Worker remit. & comp. of employees 3,315 1,649 3,540 4,253 4,382 5,089 4,234 4,000 Imports of goods, services & income 77,855 93,950 127,123 154,393 198,574 273,320 217,189 291,242 Profit remittances on FDI 2,814 4,238 11,035 13,884 19,692 28,773 21,029 26,584 Current account balance -18,136 -24,225 13,985 13,621 1,551 -28,192 -24,302 -47,365 International reserves 51,477 33,015 53,799 85,843 180,334 193,783 238,539 288,575 6. Ratios External debt stocks to exports (%) 286.1 354.2 136.3 118.2 121.2 108.8 146.1 143.9 External debt stocks to GNI (%) 21.2 38.5 21.9 18.2 17.8 16.2 17.7 16.9 Debt service to exports (%) 38.5 95.1 45.7 38.0 28.0 23.4 23.5 19.0 Short-term to external debt stocks (%) 19.5 12.8 12.8 10.5 16.5 14.0 14.4 18.9 Multilateral to external debt stocks (%) 5.8 7.6 10.3 11.3 9.6 9.3 8.9 8.6 Reserves to external debt stocks (%) 32.1 13.7 28.7 44.4 75.9 73.9 86.1 83.2 Reserves to imports (months) 7.9 4.2 5.1 6.7 10.9 8.5 13.2 11.9 90 BRAZIL (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 129,090 208,809 163,533 173,133 198,357 225,500 237,121 281,482 Public and publicly guaranteed 98,260 96,127 94,028 84,245 79,595 79,658 87,295 96,542 Official creditors 27,837 29,351 25,843 25,382 26,148 29,026 32,385 41,251 Multilateral 9,366 18,330 19,356 21,929 22,721 24,358 24,754 29,747 of which: IBRD 6,038 7,377 8,083 9,694 9,676 10,671 10,065 13,523 IDA 0 0 0 0 0 0 0 0 Bilateral 18,471 11,021 6,487 3,454 3,427 4,668 7,632 11,504 Private creditors 70,423 66,776 68,185 58,862 53,447 50,632 54,910 55,290 of which: Bonds 54,615 54,096 59,077 49,173 45,441 42,035 47,107 41,323 Commercial banks 12,158 11,478 8,331 9,575 7,719 8,389 7,621 13,738 Private nonguaranteed 30,830 112,682 69,505 88,889 118,762 145,842 149,826 184,940 of which: Bonds 11,290 16,846 35,969 38,764 45,311 37,855 53,342 83,032 Disbursements 20,207 44,051 27,402 52,622 59,904 69,505 57,670 84,723 Public and publicly guaranteed 8,111 19,636 13,195 11,122 6,273 16,642 13,727 19,301 Official creditors 2,005 5,244 3,326 4,249 2,063 4,319 6,845 11,306 Multilateral 1,257 4,478 2,326 3,865 1,986 2,965 3,270 6,999 of which: IBRD 838 1,692 773 2,203 606 1,726 1,274 4,472 IDA 0 0 0 0 0 0 0 0 Bilateral 747 766 1,001 384 78 1,354 3,575 4,307 Private creditors 6,107 14,391 9,868 6,873 4,210 12,323 6,882 7,995 of which: Bonds 1,661 10,836 8,252 5,614 2,977 10,254 6,100 0 Commercial banks 4,340 3,532 1,608 1,240 1,182 2,061 724 7,869 Private nonguaranteed 12,096 24,415 14,207 41,500 53,630 52,863 43,943 65,422 of which: Bonds 4,563 2,886 6,579 9,832 13,930 6,754 17,015 32,384 Principal repayments 11,002 41,040 25,751 47,388 40,422 40,285 30,425 31,972 Public and publicly guaranteed 6,522 17,226 9,444 24,474 14,079 16,282 7,740 9,573 Official creditors 3,719 7,045 3,300 4,534 2,263 2,352 3,413 2,621 Multilateral 1,683 4,309 1,774 1,512 1,679 1,734 2,835 1,929 of which: IBRD 1,377 887 1,029 743 805 812 1,872 960 IDA 0 0 0 0 0 0 0 0 Bilateral 2,035 2,736 1,526 3,022 584 618 577 692 Private creditors 2,804 10,181 6,145 19,941 11,816 13,931 4,327 6,952 of which: Bonds 919 8,397 4,187 17,885 8,110 11,952 2,673 5,642 Commercial banks 1,051 1,546 1,923 2,015 3,612 1,897 1,572 1,236 Private nonguaranteed 4,480 23,813 16,306 22,914 26,343 24,002 22,685 22,398 of which: Bonds 2,670 2,775 7,063 5,479 8,471 2,420 1,585 2,656 Interest payments 8,719 15,280 10,303 13,150 13,025 15,037 13,675 13,150 Public and publicly guaranteed 6,624 6,926 6,689 7,136 7,069 6,048 5,778 5,166 Official creditors 1,567 1,915 1,047 1,224 1,352 1,283 1,205 961 Multilateral 750 1,407 807 973 1,174 1,111 919 634 of which: IBRD 491 464 307 432 548 498 359 180 IDA 0 0 0 0 0 0 0 0 Bilateral 817 508 240 251 178 172 286 327 Private creditors 5,056 5,010 5,642 5,911 5,717 4,765 4,573 4,205 of which: Bonds 4,416 4,212 5,033 5,012 4,959 4,272 4,025 3,777 Commercial banks 376 759 602 891 742 480 531 418 Private nonguaranteed 2,095 8,355 3,614 6,014 5,956 8,989 7,898 7,985 of which: Bonds 837 1,562 2,161 3,799 3,454 2,842 2,936 4,207 8. Debt stock-flow reconciliation Total change in external debt stocks 8,075 -2,558 -32,260 5,933 44,147 24,546 14,758 70,068 Net flows on external debt 8,797 -1,851 -23,433 1,564 38,405 26,618 30,386 78,458 9. Debt restructurings Total amount rescheduled 234 0 4,271 0 28 265 4 78 Total amount forgiven 0 137 0 0 0 56 0 0 Debt buyback 0 6,342 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 3,360 3,530 3,123 2,915 5,031 4,851 4,680 4,260 Interest 905 845 781 739 663 553 442 335 Private creditors Principal 23,068 21,489 21,052 14,985 26,030 14,585 18,100 11,126 Interest 15,049 13,884 13,036 11,801 10,478 8,982 7,919 7,478 Notes: Short-term debt for 2010 is based on reports provided by the country. 91 BULGARIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 10,379 11,212 15,700 20,990 32,967 48,603 53,499 48,077 Long-term external debt 9,150 8,440 10,597 12,609 18,930 30,268 34,921 32,704 Public and publicly guaranteed 8,808 7,671 5,075 5,066 5,242 4,397 4,772 4,466 Private nonguaranteed 342 769 5,522 7,543 13,689 25,871 30,148 28,238 Use of IMF credit 717 1,322 660 341 0 0 0 0 Short-term external debt 512 1,450 4,442 8,040 14,036 18,334 18,578 15,373 interest arrears on long-term 74 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 227 1 0 0 0 0 0 0 Long-term public sector debt 8,808 7,671 5,075 5,066 5,242 4,397 4,772 4,466 Long-term private sector debt 342 769 5,522 7,543 13,689 25,871 30,148 28,238 Public & publicly guaranteed commitments 678 700 266 104 455 732 280 274 External debt flows Disbursements 259 995 3,710 3,616 7,740 15,545 8,191 1,499 Long-term external debt 259 719 3,710 3,616 7,740 15,545 8,191 1,499 IMF purchases 0 276 0 0 0 0 0 0 Principal repayments 565 712 3,352 1,992 3,033 3,765 3,694 3,381 Long-term external debt 319 573 2,909 1,645 2,686 3,765 3,694 3,381 IMF repurchases 246 139 443 346 347 0 0 0 Net flows -194 465 1,564 5,222 10,704 16,078 4,740 -5,087 Long-term external debt -61 145 801 1,970 5,054 11,780 4,496 -1,881 Short-term external debt 113 183 1,206 3,598 5,996 4,298 244 -3,205 Interest payments 575 584 613 744 1,164 1,610 1,516 634 Long-term external debt 501 456 445 489 603 858 773 568 IMF charges 50 63 37 24 9 0 0 0 Short-term external debt 24 65 130 230 552 752 743 66 2. Other non-debt resource inflows Foreign direct investment 90 1,002 4,312 7,758 13,215 9,979 3,389 2,168 Portfolio equity 0 5 449 148 89 -106 8 9 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 48.4 50.7 52.4 51.7 56.8 56.1 Japanese yen 9.0 5.5 5.1 6.5 7.4 12.9 12.4 14.4 Pound sterling 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 1.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 66.1 80.1 44.9 41.7 39.3 34.6 30.4 29.2 4. Average terms of new commitments Official creditors Interest (%) 5.9 6.2 3.0 3.7 4.9 2.3 2.0 2.3 Maturity (years) 17.3 16.7 16.2 16.1 16.6 20.7 17.6 20.1 Grace period (years) 5.4 4.4 4.7 2.6 4.5 5.1 5.3 5.9 Private creditors Interest (%) 3.4 7.6 4.2 5.0 0.0 2.0 0.0 0.0 Maturity (years) 4.7 16.0 9.4 10.0 0.0 29.2 0.0 0.0 Grace period (years) 3.2 4.9 1.9 0.5 0.0 9.2 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 12,637 12,580 28,979 32,358 38,878 49,256 46,900 45,871 Exports of goods, services & income 6,926 7,321 17,674 21,972 27,487 31,925 24,392 28,358 Worker remit. & comp. of employees .. 58 1,613 1,716 1,694 1,919 1,592 1,387 Imports of goods, services & income 7,084 8,314 22,034 28,680 39,909 45,094 29,975 30,972 Profit remittances on FDI 0 107 912 1,857 3,742 2,722 1,822 1,964 Current account balance -26 -703 -3,347 -5,863 -11,437 -11,846 -4,258 -578 International reserves 1,635 3,507 8,697 11,756 17,545 17,930 18,522 17,223 6. Ratios External debt stocks to exports (%) 149.9 153.2 88.8 95.5 119.9 152.2 219.3 169.5 External debt stocks to GNI (%) 82.1 89.1 54.2 64.9 84.8 98.7 114.1 104.8 Debt service to exports (%) 16.5 17.7 22.4 12.4 15.3 16.8 21.4 14.2 Short-term to external debt stocks (%) 4.9 12.9 28.3 38.3 42.6 37.7 34.7 32.0 Multilateral to external debt stocks (%) 11.9 13.8 15.7 11.4 8.1 4.5 4.7 4.8 Reserves to external debt stocks (%) 15.8 31.3 55.4 56.0 53.2 36.9 34.6 35.8 Reserves to imports (months) 2.8 5.1 4.7 4.9 5.3 4.8 7.4 6.7 92 BULGARIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 9,150 8,440 10,597 12,609 18,930 30,268 34,921 32,704 Public and publicly guaranteed 8,808 7,671 5,075 5,066 5,242 4,397 4,772 4,466 Official creditors 2,950 2,603 3,045 3,012 3,362 3,019 3,322 3,152 Multilateral 1,230 1,542 2,457 2,392 2,674 2,198 2,507 2,330 of which: IBRD 444 824 1,453 1,331 1,604 1,207 1,509 1,338 IDA 0 0 0 0 0 0 0 0 Bilateral 1,720 1,061 587 620 688 821 815 823 Private creditors 5,857 5,068 2,030 2,054 1,880 1,378 1,450 1,314 of which: Bonds 5,412 4,982 1,920 1,937 1,792 1,342 1,430 1,301 Commercial banks 394 26 111 116 86 34 19 12 Private nonguaranteed 342 769 5,522 7,543 13,689 25,871 30,148 28,238 of which: Bonds 0 0 526 736 855 522 146 134 Disbursements 259 719 3,710 3,616 7,740 15,545 8,191 1,499 Public and publicly guaranteed 259 405 402 260 368 370 520 200 Official creditors 129 381 383 243 361 362 520 200 Multilateral 38 156 328 150 293 227 446 176 of which: IBRD 15 71 200 38 201 56 370 20 IDA 0 0 0 0 0 0 0 0 Bilateral 91 225 55 93 68 136 74 23 Private creditors 129 24 19 17 7 8 0 0 of which: Bonds 33 0 0 0 0 0 0 0 Commercial banks 96 24 19 16 7 8 0 0 Private nonguaranteed 0 313 3,308 3,355 7,372 15,175 7,671 1,299 of which: Bonds 0 0 249 215 0 0 0 0 Principal repayments 319 573 2,909 1,645 2,686 3,765 3,694 3,381 Public and publicly guaranteed 319 345 1,761 515 404 858 281 268 Official creditors 92 297 255 502 299 715 266 261 Multilateral 25 58 214 430 253 658 187 185 of which: IBRD 0 27 85 276 65 462 85 90 IDA 0 0 0 0 0 0 0 0 Bilateral 67 239 41 73 47 57 79 76 Private creditors 228 48 1,507 13 105 143 15 7 of which: Bonds 39 46 1,496 0 87 124 0 0 Commercial banks 182 1 11 13 18 19 15 7 Private nonguaranteed 0 229 1,147 1,130 2,282 2,908 3,413 3,113 of which: Bonds 0 0 10 49 0 287 372 0 Interest payments 501 456 445 489 603 858 773 568 Public and publicly guaranteed 501 424 327 352 285 286 211 160 Official creditors 178 139 93 100 129 148 106 71 Multilateral 61 81 75 82 110 124 84 49 of which: IBRD 31 49 40 44 62 72 43 17 IDA 0 0 0 0 0 0 0 0 Bilateral 118 58 18 19 19 24 22 22 Private creditors 323 285 234 252 156 139 105 89 of which: Bonds 315 284 229 245 149 133 104 89 Commercial banks 7 0 5 7 7 5 1 0 Private nonguaranteed 0 32 118 137 318 572 562 408 of which: Bonds 0 0 30 44 55 36 29 11 8. Debt stock-flow reconciliation Total change in external debt stocks 550 192 33 5,290 11,977 15,636 4,896 -5,422 Net flows on external debt -194 465 1,564 5,222 10,704 16,078 4,740 -5,087 9. Debt restructurings Total amount rescheduled 84 0 0 0 0 0 0 0 Total amount forgiven 0 12 72 14 20 83 0 0 Debt buyback 0 0 0 0 0 127 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 328 338 272 285 296 303 310 285 Interest 83 73 65 59 52 46 39 33 Private creditors Principal 7,582 5,328 5,327 2,838 3,033 1,718 1,442 1,154 Interest 1,325 1,006 724 516 351 219 135 68 Notes: Data on long-term private nonguaranteed debt from 2008 are World Bank staff estimates based on reports provided by the country. The data may include long- term public and publicly guaranteed debt owed by the state-owned railway. Short-term debt data are based on the Central Bank data. 93 BURKINA FASO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,271 1,422 1,994 1,123 1,450 1,670 1,822 2,053 Long-term external debt 1,140 1,226 1,868 999 1,257 1,505 1,711 1,925 Public and publicly guaranteed 1,140 1,226 1,868 999 1,257 1,505 1,711 1,925 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 75 112 104 35 37 54 110 129 Short-term external debt 56 84 22 89 155 110 0 0 interest arrears on long-term 12 5 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 37 42 36 39 37 34 34 35 Long-term public sector debt 1,140 1,226 1,868 999 1,257 1,505 1,711 1,925 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 37 53 232 294 389 405 48 57 External debt flows Disbursements 139 99 218 300 226 312 266 296 Long-term external debt 112 91 203 281 225 294 212 274 IMF purchases 27 7 15 19 1 18 54 21 Principal repayments 28 33 28 27 25 27 27 33 Long-term external debt 28 26 24 27 25 27 27 32 IMF repurchases 0 7 4 0 0 0 0 1 Net flows 124 47 188 341 267 240 129 263 Long-term external debt 83 65 179 255 200 266 185 242 Short-term external debt 14 -19 -2 67 66 -45 -110 0 Interest payments 20 14 17 17 17 18 15 18 Long-term external debt 18 12 16 15 12 14 15 18 IMF charges 0 1 0 0 0 0 0 0 Short-term external debt 2 1 1 2 5 3 0 0 2. Other non-debt resource inflows Foreign direct investment 10 23 32 74 370 152 105 37 Portfolio equity .. -3 -4 1 -1 -2 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.7 6.2 6.7 13.0 12.6 12.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.3 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 55.5 59.4 56.5 40.3 39.4 36.2 35.4 33.6 4. Average terms of new commitments Official creditors Interest (%) 0.8 1.4 0.9 0.8 1.3 1.1 0.8 0.8 Maturity (years) 39.9 37.1 35.8 40.9 32.6 35.5 49.9 41.3 Grace period (years) 10.4 7.8 8.8 10.1 8.5 9.1 10.4 9.4 Private creditors Interest (%) 0.0 0.0 4.2 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 11.2 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 1.7 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2,369 2,606 5,411 5,756 6,752 7,932 8,019 8,810 Exports of goods, services & income .. 251 589 732 811 1,069 1,140 .. Worker remit. & comp. of employees 78 67 57 68 84 99 99 95 Imports of goods, services & income .. 691 1,458 1,515 1,775 2,442 2,035 .. Profit remittances on FDI .. 3 7 7 11 38 35 .. Current account balance .. -319 -634 -543 -560 -963 -380 .. International reserves 347 243 438 555 1,029 928 1,296 1,068 6. Ratios External debt stocks to exports (%) .. 567.6 338.6 153.5 178.6 156.2 159.7 .. External debt stocks to GNI (%) 53.6 54.6 36.9 19.5 21.5 21.1 22.7 23.3 Debt service to exports (%) .. 18.6 7.7 6.0 5.1 4.2 3.7 .. Short-term to external debt stocks (%) 4.4 5.9 1.1 7.9 10.7 6.6 .. .. Multilateral to external debt stocks (%) 77.2 72.0 85.2 69.8 67.5 71.5 76.5 77.9 Reserves to external debt stocks (%) 27.3 17.1 22.0 49.4 71.0 55.5 71.1 52.0 Reserves to imports (months) .. 4.2 3.6 4.4 7.0 4.6 7.6 .. 94 BURKINA FASO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,140 1,226 1,868 999 1,257 1,505 1,711 1,925 Public and publicly guaranteed 1,140 1,226 1,868 999 1,257 1,505 1,711 1,925 Official creditors 1,135 1,222 1,868 987 1,232 1,484 1,690 1,907 Multilateral 981 1,024 1,699 784 979 1,193 1,394 1,600 of which: IBRD 0 0 0 0 0 0 0 0 IDA 608 593 1,043 371 468 626 721 776 Bilateral 154 198 169 202 252 291 296 307 Private creditors 5 3 0 12 26 22 22 18 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 112 91 203 281 225 294 212 274 Public and publicly guaranteed 112 91 203 281 225 294 212 274 Official creditors 112 91 203 270 211 294 212 274 Multilateral 106 76 191 232 161 239 195 247 of which: IBRD 0 0 0 0 0 0 0 0 IDA 85 38 107 125 80 160 90 67 Bilateral 6 16 13 38 50 55 17 28 Private creditors 0 0 0 12 14 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 28 26 24 27 25 27 27 32 Public and publicly guaranteed 28 26 24 27 25 27 27 32 Official creditors 28 26 24 27 22 25 27 29 Multilateral 24 20 17 18 11 15 16 18 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 1 5 3 0 0 0 0 Bilateral 4 6 8 9 11 9 10 11 Private creditors 0 0 0 0 3 3 0 2 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 18 12 16 15 12 14 15 18 Public and publicly guaranteed 18 12 16 15 12 14 15 18 Official creditors 18 12 16 15 12 14 15 18 Multilateral 11 9 14 13 9 11 11 13 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 4 8 5 4 4 5 5 Bilateral 6 2 2 3 3 3 3 5 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 139 -161 5 -871 327 220 152 232 Net flows on external debt 124 47 188 341 267 240 129 263 9. Debt restructurings Total amount rescheduled 0 17 1 4 0 1 0 1 Total amount forgiven 15 81 45 1,290 3 7 3 6 Debt buyback 0 92 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 55 55 65 73 77 83 93 97 Interest 23 23 23 23 22 22 21 20 Private creditors Principal 3 3 3 3 3 3 0 0 Interest 1 1 0 0 0 0 0 0 Notes: Burkina Faso was granted debt relief effective in 2006 under MDRI. 95 BURUNDI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1162.0 1108.0 1321.8 1411.8 1455.7 1438.2 512.7 537.1 Long-term external debt 1099.3 1036.0 1229.6 1291.4 1343.7 1303.2 414.7 411.7 Public and publicly guaranteed 1099.3 1036.0 1229.6 1291.4 1343.7 1303.2 414.7 411.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 47.8 7.0 58.2 82.7 98.2 116.9 90.9 109.6 Short-term external debt 14.9 65.0 34.1 37.6 13.8 18.1 7.1 15.8 interest arrears on long-term 2.0 19.7 33.1 36.6 12.8 4.1 0.1 0.8 Memorandum items Principal arrears on long-term 3.0 82.1 75.2 76.4 60.2 64.6 19.8 18.8 Long-term public sector debt 1099.3 1036.0 1229.6 1291.4 1343.7 1303.2 414.7 411.7 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 38.8 50.3 39.2 3.8 2.4 37.0 8.0 5.1 External debt flows Disbursements 44.8 41.3 63.3 60.4 42.2 46.6 43.9 55.8 Long-term external debt 44.8 41.3 42.1 39.4 31.3 24.8 23.6 35.6 IMF purchases 0.0 0.0 21.1 21.0 10.9 21.7 20.4 20.1 Principal repayments 26.8 14.0 27.1 12.9 11.2 11.3 15.3 1.8 Long-term external debt 17.8 9.4 27.1 12.9 11.2 11.3 8.4 1.8 IMF repurchases 9.1 4.5 0.0 0.0 0.0 0.0 6.9 0.0 Net flows 26.3 18.4 34.2 47.5 31.0 48.3 21.6 62.0 Long-term external debt 27.1 31.8 15.0 26.5 20.1 13.5 15.2 33.9 Short-term external debt 8.3 -8.9 -2.0 0.0 0.0 13.0 -7.0 8.0 Interest payments 11.8 7.9 12.2 5.5 7.8 8.2 4.1 1.6 Long-term external debt 11.0 4.5 11.9 5.1 7.3 7.4 3.6 1.4 IMF charges 0.3 0.1 0.2 0.3 0.5 0.6 0.4 0.0 Short-term external debt 0.5 3.3 0.1 0.1 0.0 0.2 0.1 0.1 2. Other non-debt resource inflows Foreign direct investment 2.0 11.7 0.6 0.0 0.5 3.8 0.3 0.8 Portfolio equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 11.1 11.4 11.9 9.9 17.1 9.3 Japanese yen 2.9 2.8 1.4 0.7 0.7 1.0 3.0 3.0 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 55.1 59.4 61.8 61.3 60.4 60.5 34.1 37.2 4. Average terms of new commitments Official creditors Interest (%) 0.8 1.7 0.8 0.0 1.5 1.0 1.0 1.0 Maturity (years) 38.0 31.3 47.8 19.6 22.5 19.5 28.5 19.6 Grace period (years) 9.8 8.2 10.2 10.1 4.7 6.4 10.0 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) 988.0 723.4 776.2 910.0 973.9 1164.6 1331.3 1589.0 Exports of goods, services & income 139.7 55.4 98.7 97.3 98.3 163.9 117.3 .. Worker remit. & comp. of employees .. .. 0.1 0.0 0.2 3.6 28.2 28.2 Imports of goods, services & income 281.8 165.0 343.9 460.4 447.5 609.4 538.0 .. Profit remittances on FDI 3.1 0.4 2.1 3.4 4.8 5.3 8.1 10.1 Current account balance 10.4 -50.2 -5.7 -133.5 -108.0 -259.4 -163.6 -300.9 International reserves 216.1 37.6 100.6 131.1 177.1 266.5 323.1 332.1 6. Ratios External debt stocks to exports (%) 831.6 1999.7 1338.6 1450.6 1480.8 877.7 437.0 .. External debt stocks to GNI (%) 117.6 153.2 170.3 155.1 149.5 123.5 38.5 33.8 Debt service to exports (%) 27.6 39.4 39.8 18.9 19.4 11.9 16.6 .. Short-term to external debt stocks (%) 1.3 5.9 2.6 2.7 0.9 1.3 1.4 2.9 Multilateral to external debt stocks (%) 80.1 80.4 80.3 79.6 80.9 80.6 61.9 64.0 Reserves to external debt stocks (%) 18.6 3.4 7.6 9.3 12.2 18.5 63.0 61.8 Reserves to imports (months) 9.2 2.7 3.5 3.4 4.7 5.2 7.2 .. 96 BURUNDI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1099.3 1036.0 1229.6 1291.4 1343.7 1303.2 414.7 411.7 Public and publicly guaranteed 1099.3 1036.0 1229.6 1291.4 1343.7 1303.2 414.7 411.7 Official creditors 1097.6 1032.0 1227.5 1290.8 1342.9 1303.2 414.7 411.7 Multilateral 930.5 890.4 1061.8 1124.0 1177.0 1159.5 317.2 343.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 591.4 600.5 750.8 797.0 830.1 818.5 147.2 162.7 Bilateral 167.1 141.6 165.7 166.9 165.9 143.7 97.4 67.9 Private creditors 1.6 4.0 2.1 0.6 0.7 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 44.8 41.3 42.1 39.4 31.3 24.8 23.6 35.6 Public and publicly guaranteed 44.8 41.3 42.1 39.4 31.3 24.8 23.6 35.6 Official creditors 44.8 38.2 42.1 36.9 31.3 24.8 23.6 35.6 Multilateral 40.6 38.2 42.1 36.9 29.8 24.3 23.6 35.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 27.3 36.4 27.4 28.9 19.2 13.8 8.7 17.8 Bilateral 4.2 0.0 0.0 0.0 1.5 0.5 0.0 0.0 Private creditors 0.0 3.0 0.0 2.5 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 17.8 9.4 27.1 12.9 11.2 11.3 8.4 1.8 Public and publicly guaranteed 17.8 9.4 27.1 12.9 11.2 11.3 8.4 1.8 Official creditors 16.9 9.4 22.5 8.9 11.2 11.3 8.4 1.8 Multilateral 11.8 9.4 22.3 8.9 10.7 10.0 8.4 1.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.9 8.8 8.5 0.0 0.0 0.1 0.1 0.0 Bilateral 5.1 0.0 0.2 0.0 0.6 1.3 0.0 0.0 Private creditors 0.9 0.0 4.6 4.0 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 11.0 4.5 11.9 5.1 7.3 7.4 3.6 1.4 Public and publicly guaranteed 11.0 4.5 11.9 5.1 7.3 7.4 3.6 1.4 Official creditors 10.9 4.5 11.9 5.1 7.3 7.4 3.6 1.4 Multilateral 8.5 4.5 11.7 4.5 5.6 6.2 3.1 1.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 4.6 4.4 4.3 1.7 2.4 3.7 1.0 0.8 Bilateral 2.4 0.0 0.2 0.6 1.7 1.2 0.5 0.1 Private creditors 0.1 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 34.6 -26.9 -68.5 90.0 43.9 -17.5 -925.5 24.4 Net flows on external debt 26.3 18.4 34.2 47.5 31.0 48.3 21.6 62.0 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 3.9 3.3 0.0 71.4 3.4 Total amount forgiven 16.7 0.0 11.5 28.2 22.4 53.2 821.0 1.8 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 13.0 13.1 14.7 14.2 16.2 16.3 15.7 17.0 Interest 3.3 3.4 3.4 3.3 3.2 3.1 3.0 2.8 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: Data for 2010 include the effects of MDRI and HIPC debt reliefs in the amount of $325 thousand. 97 CAMBODIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,284 2,628 3,515 3,527 3,761 4,215 4,364 4,676 Long-term external debt 2,110 2,328 3,155 3,318 3,537 3,892 4,099 4,414 Public and publicly guaranteed 2,110 2,328 3,155 3,318 3,537 3,892 4,099 4,414 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 72 73 81 0 0 0 0 0 Short-term external debt 102 227 279 209 224 323 265 262 interest arrears on long-term 90 131 243 173 164 197 208 215 Memorandum items Principal arrears on long-term 653 1,275 1,485 1,508 1,545 1,599 1,613 1,646 Long-term public sector debt 2,110 2,328 3,155 3,318 3,537 3,892 4,099 4,414 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 161 185 208 149 390 305 727 488 External debt flows Disbursements 123 90 168 153 154 383 211 347 Long-term external debt 80 79 168 153 154 383 211 347 IMF purchases 42 11 0 0 0 0 0 0 Principal repayments 5 14 16 15 13 19 26 33 Long-term external debt 5 7 8 15 13 19 26 33 IMF repurchases 0 7 9 0 0 0 0 0 Net flows 100 128 154 138 165 430 116 303 Long-term external debt 75 72 160 138 141 364 185 313 Short-term external debt -18 52 2 0 24 66 -69 -10 Interest payments 3 18 15 15 18 23 23 29 Long-term external debt 1 12 12 13 15 21 22 28 IMF charges 1 1 0 0 0 0 0 0 Short-term external debt 1 5 2 2 3 2 1 1 2. Other non-debt resource inflows Foreign direct investment 151 149 381 483 867 815 530 783 Portfolio equity 0 0 0 0 0 0 0 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 0.8 0.8 0.9 0.9 0.9 0.8 Japanese yen 0.4 0.3 1.1 1.2 1.5 2.0 2.4 2.8 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 27.2 30.2 39.4 39.0 39.0 40.1 40.6 41.2 4. Average terms of new commitments Official creditors Interest (%) 1.8 1.3 1.4 1.0 1.5 1.2 1.3 1.5 Maturity (years) 37.5 30.3 26.9 26.2 23.6 29.4 25.4 25.0 Grace period (years) 9.7 8.2 9.2 9.8 7.7 8.6 3.3 8.4 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) 3,380 3,534 6,006 6,969 8,263 9,831 9,962 10,779 Exports of goods, services & income 979 1,893 4,096 5,079 5,748 6,462 5,982 .. Worker remit. & comp. of employees 12 121 200 297 353 325 338 369 Imports of goods, services & income 1,442 2,453 4,923 5,971 6,830 8,127 7,422 .. Profit remittances on FDI 4 123 227 270 353 403 349 .. Current account balance -186 -136 -307 -262 -488 -1,051 -866 .. International reserves 192 611 1,158 1,411 2,140 2,639 3,286 3,817 6. Ratios External debt stocks to exports (%) 233.3 138.8 85.8 69.4 65.4 65.2 72.9 .. External debt stocks to GNI (%) 67.6 74.4 58.5 50.6 45.5 42.9 43.8 43.4 Debt service to exports (%) 0.7 1.7 0.8 0.6 0.5 0.7 0.8 .. Short-term to external debt stocks (%) 4.5 8.6 7.9 5.9 6.0 7.7 6.1 5.6 Multilateral to external debt stocks (%) 5.2 14.5 30.1 33.1 34.5 33.7 34.4 32.7 Reserves to external debt stocks (%) 8.4 23.3 32.9 40.0 56.9 62.6 75.3 81.6 Reserves to imports (months) 1.6 3.0 2.8 2.8 3.8 3.9 5.3 .. 98 CAMBODIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,110 2,328 3,155 3,318 3,537 3,892 4,099 4,414 Public and publicly guaranteed 2,110 2,328 3,155 3,318 3,537 3,892 4,099 4,414 Official creditors 2,097 2,328 3,155 3,318 3,537 3,892 4,099 4,414 Multilateral 118 381 1,059 1,168 1,298 1,420 1,501 1,529 of which: IBRD 0 0 0 0 0 0 0 0 IDA 65 207 462 500 535 545 566 565 Bilateral 1,979 1,947 2,096 2,150 2,239 2,472 2,598 2,885 Private creditors 13 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 Disbursements 80 79 168 153 154 383 211 347 Public and publicly guaranteed 80 79 168 153 154 383 211 347 Official creditors 64 79 168 153 154 383 211 347 Multilateral 61 78 130 79 78 145 92 80 of which: IBRD 0 0 0 0 0 0 0 0 IDA 25 37 36 19 18 20 23 17 Bilateral 4 1 38 74 76 238 119 267 Private creditors 16 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 Principal repayments 5 7 8 15 13 19 26 33 Public and publicly guaranteed 5 7 8 15 13 19 26 33 Official creditors 2 7 8 15 13 19 26 33 Multilateral 0 0 5 9 11 17 23 29 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 4 5 6 6 8 Bilateral 2 7 2 6 2 2 3 5 Private creditors 3 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 Interest payments 1 12 12 13 15 21 22 28 Public and publicly guaranteed 1 12 12 13 15 21 22 28 Official creditors 1 12 12 13 15 21 22 28 Multilateral 1 3 10 10 11 13 13 14 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 4 4 4 4 4 4 Bilateral 0 9 3 3 4 8 9 14 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 375 111 76 11 234 454 149 312 Net flows on external debt 100 128 154 138 165 430 116 303 9. Debt restructurings Total amount rescheduled 224 0 0 0 1 0 0 0 Total amount forgiven 13 0 0 106 0 0 0 4 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 63 74 86 113 123 131 149 176 Interest 40 41 42 42 41 40 39 37 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 MDRI. 99 CAMEROON (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 10,950 10,323 7,273 3,243 3,004 2,756 2,946 2,964 Long-term external debt 9,908 8,864 6,667 2,733 2,749 2,690 2,748 2,762 Public and publicly guaranteed 9,620 8,547 6,075 2,243 2,113 2,055 2,132 2,185 Private nonguaranteed 288 317 592 489 636 636 615 577 Use of IMF credit 51 235 272 8 17 24 175 172 Short-term external debt 991 1,224 334 502 238 41 23 31 interest arrears on long-term 349 205 280 434 39 41 23 31 Memorandum items Principal arrears on long-term 474 322 51 91 1 19 68 134 Long-term public sector debt 9,543 8,500 6,075 2,243 2,113 2,055 2,132 2,185 Long-term private sector debt 365 364 592 489 636 636 615 577 Public & publicly guaranteed commitments 197 100 47 41 453 149 628 492 External debt flows Disbursements 174 354 231 162 270 287 491 278 Long-term external debt 161 286 227 158 262 279 344 278 IMF purchases 13 69 4 4 8 8 147 0 Principal repayments 217 270 576 376 369 358 336 155 Long-term external debt 211 253 537 355 369 358 336 155 IMF repurchases 6 17 39 21 0 0 0 0 Net flows 117 -21 -683 -200 32 -270 155 122 Long-term external debt -50 33 -310 -197 -107 -79 8 122 Short-term external debt 160 -105 -339 14 131 -199 0 0 Interest payments 214 288 245 140 143 119 59 53 Long-term external debt 173 215 231 135 135 115 58 53 IMF charges 2 2 1 0 0 0 0 0 Short-term external debt 38 72 12 4 8 5 0 0 2. Other non-debt resource inflows Foreign direct investment 7 159 234 16 191 -24 668 -1 Portfolio equity 0 0 -4 -6 -14 -1 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 65.9 76.9 72.7 65.7 63.5 54.8 Japanese yen 0.3 0.5 1.3 0.0 0.0 0.0 0.0 0.3 Pound sterling 1.2 2.0 1.7 0.0 0.0 0.0 0.0 0.0 Swiss franc 1.1 0.7 0.6 0.4 0.3 0.3 0.3 0.3 U.S.dollars 9.6 24.4 20.8 10.5 12.6 14.2 14.2 18.7 4. Average terms of new commitments Official creditors Interest (%) 2.6 0.9 0.4 1.4 0.9 0.7 1.3 0.9 Maturity (years) 23.3 38.6 30.7 24.3 37.1 36.7 29.0 31.8 Grace period (years) 7.7 9.5 9.2 5.6 8.6 9.3 7.7 8.9 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 5.2 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 11.9 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 2.4 0.0 5. Major economic aggregates Gross national income (GNI) 8,205 9,464 16,126 17,706 20,608 23,407 22,059 22,030 Exports of goods, services & income 2,053 2,602 4,280 4,911 6,393 7,439 5,550 5,738 Worker remit. & comp. of employees 11 30 77 130 167 167 192 195 Imports of goods, services & income 2,032 2,960 5,010 5,031 6,552 8,487 6,947 6,740 Profit remittances on FDI 21 41 289 10 385 165 436 166 Current account balance 90 -249 -493 193 286 -450 -1,119 -856 International reserves 15 220 965 1,735 2,932 3,113 3,676 3,643 6. Ratios External debt stocks to exports (%) 533.4 396.7 169.9 66.0 47.0 37.0 53.1 51.7 External debt stocks to GNI (%) 133.4 109.1 45.1 18.3 14.6 11.8 13.4 13.5 Debt service to exports (%) 21.0 21.5 19.2 10.5 8.0 6.4 7.1 3.6 Short-term to external debt stocks (%) 9.0 11.9 4.6 15.5 7.9 1.5 0.8 1.0 Multilateral to external debt stocks (%) 15.4 13.7 21.8 15.7 18.7 22.4 23.2 26.6 Reserves to external debt stocks (%) 0.1 2.1 13.3 53.5 97.6 113.0 124.8 122.9 Reserves to imports (months) 0.1 0.9 2.3 4.1 5.4 4.4 6.3 6.5 100 CAMEROON (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 9,908 8,864 6,667 2,733 2,749 2,690 2,748 2,762 Public and publicly guaranteed 9,620 8,547 6,075 2,243 2,113 2,055 2,132 2,185 Official creditors 8,737 8,230 5,992 2,180 2,112 2,053 2,122 2,169 Multilateral 1,684 1,419 1,585 510 562 618 682 788 of which: IBRD 639 218 84 46 40 35 30 24 IDA 443 769 1,032 170 198 225 273 350 Bilateral 7,052 6,811 4,407 1,669 1,550 1,435 1,440 1,381 Private creditors 883 317 83 64 2 2 10 15 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 298 172 40 45 2 2 10 15 Private nonguaranteed 288 317 592 489 636 636 615 577 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 161 286 227 158 262 279 344 278 Public and publicly guaranteed 161 247 130 119 180 192 135 278 Official creditors 161 247 130 118 180 192 127 271 Multilateral 81 115 68 84 83 106 93 141 of which: IBRD 6 0 0 0 0 0 0 0 IDA 35 55 31 29 20 29 48 82 Bilateral 80 133 62 34 97 86 33 131 Private creditors 0 0 0 1 0 0 8 6 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 1 0 0 8 6 Private nonguaranteed 0 39 98 39 82 87 209 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 211 253 537 355 369 358 336 155 Public and publicly guaranteed 183 166 396 194 186 166 107 117 Official creditors 146 162 396 194 167 166 107 117 Multilateral 130 97 92 86 40 41 39 21 of which: IBRD 91 53 32 39 5 5 5 5 IDA 4 7 12 6 0 1 2 2 Bilateral 16 66 303 108 127 125 68 96 Private creditors 36 4 0 0 19 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 25 4 0 0 16 0 0 0 Private nonguaranteed 28 86 141 161 183 192 229 38 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 173 215 231 135 135 115 58 53 Public and publicly guaranteed 163 198 181 79 93 70 27 38 Official creditors 152 198 180 79 70 70 27 37 Multilateral 80 48 27 20 16 14 11 8 of which: IBRD 56 22 5 4 2 2 2 1 IDA 3 5 8 5 2 2 2 2 Bilateral 72 149 153 59 54 56 16 29 Private creditors 10 1 1 0 23 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 1 0 0 23 0 0 0 Private nonguaranteed 11 17 51 57 42 44 31 15 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,687 -239 -3,025 -4,030 -239 -248 190 19 Net flows on external debt 117 -21 -683 -200 32 -270 155 122 9. Debt restructurings Total amount rescheduled 1,070 206 68 20 4 0 0 0 Total amount forgiven 0 7 166 4,292 144 16 3 9 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 157 132 132 139 154 142 137 138 Interest 51 51 50 49 46 43 41 39 Private creditors Principal 54 55 55 55 55 55 55 55 Interest 8 8 7 6 5 4 3 3 Notes: Cameroon was granted debt relief effective in 2006 under MDRI. 101 CAPE VERDE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 214.1 318.9 476.6 523.2 579.6 625.2 706.8 857.3 Long-term external debt 184.9 315.0 463.3 509.5 564.9 611.4 694.3 847.3 Public and publicly guaranteed 184.9 315.0 463.3 509.5 564.9 611.4 694.3 847.3 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 12.3 13.0 13.5 12.4 11.0 8.6 Short-term external debt 29.2 3.9 0.9 0.7 1.3 1.4 1.5 1.5 interest arrears on long-term 4.6 3.9 0.9 0.7 1.3 1.4 1.5 1.5 Memorandum items Principal arrears on long-term 19.6 32.2 3.2 2.4 2.4 2.4 2.4 2.4 Long-term public sector debt 184.9 315.0 463.3 509.5 564.9 611.4 694.3 847.3 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 11.5 33.9 88.8 27.4 209.9 361.0 267.4 386.7 External debt flows Disbursements 21.7 29.0 77.9 48.9 51.1 74.8 97.3 192.1 Long-term external debt 21.7 29.0 74.3 48.9 51.1 74.8 97.3 192.1 IMF purchases 0.0 0.0 3.7 0.0 0.0 0.0 0.0 0.0 Principal repayments 5.6 11.3 28.8 25.2 23.0 24.7 26.9 27.9 Long-term external debt 5.6 11.3 28.8 25.2 22.8 23.9 25.4 25.6 IMF repurchases 0.0 0.0 0.0 0.0 0.2 0.8 1.5 2.3 Net flows 34.7 2.0 49.1 23.7 28.1 50.1 70.4 164.3 Long-term external debt 16.1 17.7 45.4 23.7 28.3 50.9 71.9 166.5 Short-term external debt 18.7 -15.7 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 4.1 4.8 6.8 6.3 6.5 6.6 7.0 7.9 Long-term external debt 3.4 4.8 6.8 6.3 6.4 6.6 6.9 7.9 IMF charges 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.0 Short-term external debt 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 26.0 33.4 80.4 131.8 191.9 211.3 119.8 111.4 Portfolio equity 0.0 0.0 0.0 0.3 2.2 0.0 1.8 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.4 15.0 16.1 18.1 19.0 25.7 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.0 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 35.4 56.2 54.3 53.4 49.7 48.5 43.4 38.3 4. Average terms of new commitments Official creditors Interest (%) 0.8 2.0 3.5 2.9 1.3 1.9 1.6 0.9 Maturity (years) 39.8 31.3 32.5 38.1 25.7 27.2 25.8 27.4 Grace period (years) 10.3 10.4 8.4 9.0 8.2 6.8 7.0 8.8 Private creditors Interest (%) 0.0 5.7 0.0 0.0 0.0 0.0 1.7 1.7 Maturity (years) 0.0 10.6 0.0 0.0 0.0 0.0 33.0 32.1 Grace period (years) 0.0 2.2 0.0 0.0 0.0 0.0 12.8 12.7 5. Major economic aggregates Gross national income (GNI) 485.3 520.0 965.7 1062.9 1299.8 1503.5 1543.6 1578.9 Exports of goods, services & income 87.5 150.9 377.5 497.0 599.4 744.6 603.0 668.8 Worker remit. & comp. of employees 105.9 86.9 136.6 136.6 138.9 155.1 138.1 138.6 Imports of goods, services & income 300.7 343.6 699.0 868.8 1099.0 1265.2 1155.4 1112.6 Profit remittances on FDI 0.5 5.1 10.9 24.1 28.2 38.2 26.3 .. Current account balance -61.6 -58.0 -40.7 -82.7 -198.3 -205.5 -239.3 .. International reserves 36.9 28.3 174.0 254.5 364.5 361.5 397.9 382.2 6. Ratios External debt stocks to exports (%) 244.8 211.3 126.3 105.3 96.7 84.0 117.2 128.2 External debt stocks to GNI (%) 44.1 61.3 49.4 49.2 44.6 41.6 45.8 54.3 Debt service to exports (%) 11.2 10.7 9.5 6.3 4.9 4.2 5.6 5.3 Short-term to external debt stocks (%) 13.6 1.2 0.2 0.1 0.2 0.2 0.2 0.2 Multilateral to external debt stocks (%) 67.4 72.6 78.9 78.9 78.6 77.3 75.5 69.7 Reserves to external debt stocks (%) 17.2 8.9 36.5 48.6 62.9 57.8 56.3 44.6 Reserves to imports (months) 1.5 1.0 3.0 3.5 4.0 3.4 4.1 4.1 102 CAPE VERDE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 184.9 315.0 463.3 509.5 564.9 611.4 694.3 847.3 Public and publicly guaranteed 184.9 315.0 463.3 509.5 564.9 611.4 694.3 847.3 Official creditors 178.5 307.5 441.7 492.2 550.0 601.5 687.8 794.8 Multilateral 144.3 231.6 376.0 413.0 455.7 483.6 533.4 597.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 33.0 97.9 205.1 235.9 267.4 283.8 286.4 303.1 Bilateral 34.2 75.9 65.6 79.3 94.3 117.9 154.4 197.4 Private creditors 6.4 7.5 21.6 17.3 14.8 9.9 6.5 52.5 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 1.8 1.5 1.0 0.3 0.2 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 21.7 29.0 74.3 48.9 51.1 74.8 97.3 192.1 Public and publicly guaranteed 21.7 29.0 74.3 48.9 51.1 74.8 97.3 192.1 Official creditors 17.5 29.0 64.9 48.8 51.1 74.8 97.3 142.5 Multilateral 15.2 23.7 48.8 30.0 34.5 36.6 58.6 85.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 6.0 10.4 27.2 22.1 22.7 20.8 3.8 25.4 Bilateral 2.2 5.3 16.1 18.7 16.6 38.2 38.7 57.2 Private creditors 4.2 0.0 9.4 0.1 0.0 0.0 0.0 49.7 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 0.9 0.1 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 5.6 11.3 28.8 25.2 22.8 23.9 25.4 25.6 Public and publicly guaranteed 5.6 11.3 28.8 25.2 22.8 23.9 25.4 25.6 Official creditors 5.6 9.5 23.4 18.7 18.6 19.6 21.7 22.1 Multilateral 4.8 6.3 12.5 8.8 9.6 10.6 13.3 14.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.3 1.4 1.5 1.8 2.6 3.3 3.7 Bilateral 0.8 3.2 11.0 9.9 9.0 9.0 8.5 7.4 Private creditors 0.0 1.8 5.4 6.5 4.2 4.3 3.6 3.5 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 1.4 0.6 0.6 0.7 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 Interest payments 3.4 4.8 6.8 6.3 6.4 6.6 6.9 7.9 Public and publicly guaranteed 3.4 4.8 6.8 6.3 6.4 6.6 6.9 7.9 Official creditors 3.4 3.9 5.8 5.8 6.1 6.3 6.8 7.8 Multilateral 3.3 2.8 4.2 4.2 4.4 4.7 4.9 5.5 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.7 1.6 1.7 1.8 2.1 2.0 2.1 Bilateral 0.1 1.1 1.6 1.6 1.8 1.6 1.9 2.4 Private creditors 0.0 0.9 1.0 0.5 0.3 0.3 0.2 0.1 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 0.5 0.1 0.1 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 38.2 -8.8 13.4 46.7 56.4 45.6 81.6 150.5 Net flows on external debt 34.7 2.0 49.1 23.7 28.1 50.1 70.4 164.3 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 25.3 23.7 40.0 43.3 46.6 46.4 47.6 50.7 Interest 12.0 13.6 14.2 14.4 14.0 13.5 12.9 12.2 Private creditors Principal 2.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0 Interest 2.7 5.4 6.4 6.8 6.9 6.9 6.9 6.9 103 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 946.0 860.0 1019.6 1009.6 959.8 954.0 394.1 384.8 Long-term external debt 853.9 797.3 877.2 867.8 840.6 808.0 236.7 217.8 Public and publicly guaranteed 853.9 797.3 877.2 867.8 840.6 808.0 236.7 217.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 34.9 21.5 35.9 42.1 49.4 63.0 78.4 90.4 Short-term external debt 57.1 41.2 106.6 99.6 69.8 83.0 79.0 76.6 interest arrears on long-term 35.7 26.1 97.6 90.6 69.8 71.0 75.0 74.6 Memorandum items Principal arrears on long-term 74.2 97.7 227.1 218.7 163.4 152.1 148.9 129.7 Long-term public sector debt 853.7 796.3 875.8 866.4 838.9 808.0 236.7 217.8 Long-term private sector debt 0.3 1.0 1.3 1.5 1.6 0.0 0.0 0.0 Public & publicly guaranteed commitments 16.6 28.0 0.0 0.0 3.3 23.5 0.0 33.6 External debt flows Disbursements 32.6 16.1 0.0 10.2 34.9 24.9 44.4 19.3 Long-term external debt 32.6 16.1 0.0 0.0 3.2 1.9 4.8 6.0 IMF purchases 0.0 0.0 0.0 10.2 31.7 23.0 39.6 13.2 Principal repayments 10.0 8.3 5.6 53.0 69.1 19.1 27.7 1.0 Long-term external debt 2.6 7.5 0.7 47.0 42.4 11.3 8.4 1.0 IMF repurchases 7.4 0.8 4.9 6.0 26.7 7.7 19.4 0.0 Net flows 25.1 -13.8 -5.6 -42.8 -43.2 17.9 8.7 16.2 Long-term external debt 30.0 8.6 -0.7 -47.0 -39.2 -9.4 -3.6 5.0 Short-term external debt 2.4 -21.6 0.0 0.0 -9.0 12.0 -8.0 -2.0 Interest payments 5.7 5.9 0.9 17.8 20.3 6.6 3.4 1.3 Long-term external debt 3.5 4.3 0.2 16.5 19.6 6.1 3.0 1.2 IMF charges 1.0 0.1 0.4 0.9 0.4 0.3 0.3 0.0 Short-term external debt 1.2 1.4 0.3 0.3 0.2 0.2 0.1 0.0 2. Other non-debt resource inflows Foreign direct investment 6.2 0.8 32.4 34.6 56.7 117.1 42.3 72.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.9 6.3 3.8 3.4 4.0 3.9 Japanese yen 0.7 0.7 0.6 0.6 0.3 0.4 0.0 0.0 Pound sterling 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0 Swiss franc 2.8 2.2 2.5 2.7 2.2 2.3 5.0 5.9 U.S.dollars 56.2 61.2 59.6 57.6 62.5 64.0 61.2 68.3 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.8 0.0 0.0 1.0 1.8 0.0 0.5 Maturity (years) 39.7 39.8 0.0 0.0 32.6 20.4 0.0 26.6 Grace period (years) 10.2 10.3 0.0 0.0 3.1 5.9 0.0 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) 1100.9 946.8 1348.0 1472.9 1685.7 1960.7 1974.4 2008.8 Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves 237.9 136.3 144.9 132.4 91.9 131.5 210.6 181.2 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 85.9 90.8 75.6 68.5 56.9 48.7 20.0 19.2 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 6.0 4.8 10.5 9.9 7.3 8.7 20.0 19.9 Multilateral to external debt stocks (%) 67.3 67.8 61.6 60.6 62.8 59.9 12.6 7.6 Reserves to external debt stocks (%) 25.2 15.9 14.2 13.1 9.6 13.8 53.4 47.1 Reserves to imports (months) .. .. .. .. .. .. .. .. 104 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 853.9 797.3 877.2 867.8 840.6 808.0 236.7 217.8 Public and publicly guaranteed 853.9 797.3 877.2 867.8 840.6 808.0 236.7 217.8 Official creditors 835.6 764.8 843.1 833.5 805.9 773.5 202.3 183.6 Multilateral 636.2 583.3 628.3 612.1 602.5 571.3 49.8 29.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 414.0 391.3 422.7 395.1 402.8 389.9 9.0 13.9 Bilateral 199.4 181.5 214.8 221.4 203.4 202.2 152.6 154.2 Private creditors 18.4 32.6 34.1 34.4 34.7 34.5 34.4 34.2 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 32.6 16.1 0.0 0.0 3.2 1.9 4.8 6.0 Public and publicly guaranteed 32.6 16.1 0.0 0.0 3.2 1.9 4.8 6.0 Official creditors 32.6 16.1 0.0 0.0 3.2 1.9 4.8 6.0 Multilateral 32.6 16.1 0.0 0.0 3.2 1.9 3.8 5.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 29.8 12.9 0.0 0.0 3.2 1.9 3.8 5.0 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.0 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 2.6 7.5 0.7 47.0 42.4 11.3 8.4 1.0 Public and publicly guaranteed 2.6 7.5 0.7 47.0 42.4 11.3 8.4 1.0 Official creditors 2.6 7.4 0.7 47.0 42.4 11.3 8.4 1.0 Multilateral 2.6 6.9 0.7 47.0 42.4 9.5 6.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.3 5.7 0.0 46.7 9.6 3.1 1.7 0.0 Bilateral 0.0 0.5 0.0 0.0 0.0 1.8 2.4 1.0 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 3.5 4.3 0.2 16.5 19.6 6.1 3.0 1.2 Public and publicly guaranteed 3.5 4.3 0.2 16.5 19.6 6.1 3.0 1.2 Official creditors 3.5 4.3 0.2 16.5 19.6 6.1 3.0 1.2 Multilateral 3.5 3.4 0.2 16.5 19.6 4.4 2.4 0.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.9 3.2 0.0 16.5 3.3 3.1 1.6 0.1 Bilateral 0.0 0.9 0.0 0.0 0.0 1.7 0.7 1.1 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 57.9 -51.4 -59.2 -10.1 -49.8 -5.8 -559.9 -9.3 Net flows on external debt 25.1 -13.8 -5.6 -42.8 -43.2 17.9 8.7 16.2 9. Debt restructurings Total amount rescheduled 7.6 2.9 0.0 0.0 20.8 3.2 0.0 0.0 Total amount forgiven 1.3 0.7 0.0 0.0 8.2 14.1 519.5 22.1 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 2.8 2.9 2.9 4.0 6.2 6.5 6.6 6.5 Interest 1.6 1.6 1.7 1.7 1.7 1.6 1.5 1.4 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 debt for 2010 are World Bank staff estimates. 105 CHAD (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 842 1,088 1,584 1,706 1,797 1,750 1,746 1,733 Long-term external debt 776 986 1,494 1,627 1,712 1,705 1,714 1,708 Public and publicly guaranteed 776 986 1,494 1,627 1,712 1,705 1,714 1,708 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 49 78 79 68 56 41 29 17 Short-term external debt 17 25 11 12 29 4 4 8 interest arrears on long-term 9 10 6 8 6 4 4 7 Memorandum items Principal arrears on long-term 36 52 26 24 22 30 30 39 Long-term public sector debt 776 986 1,494 1,627 1,712 1,705 1,714 1,708 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 116 178 139 7 141 15 15 21 External debt flows Disbursements 73 59 116 102 50 97 38 57 Long-term external debt 61 46 110 102 50 97 38 57 IMF purchases 13 14 6 0 0 0 0 0 Principal repayments 10 14 37 40 49 119 55 57 Long-term external debt 3 13 24 24 34 105 43 46 IMF repurchases 7 1 13 16 15 14 13 11 Net flows 63 44 75 61 21 -44 -17 2 Long-term external debt 57 33 85 78 17 -7 -5 12 Short-term external debt 0 -2 -3 -1 19 -23 0 1 Interest payments 5 10 17 17 19 19 23 17 Long-term external debt 4 9 16 16 19 18 23 17 IMF charges 1 0 0 0 0 0 0 0 Short-term external debt 1 1 0 0 1 0 0 0 2. Other non-debt resource inflows Foreign direct investment 33 115 -99 -279 -69 234 462 781 Portfolio equity 0 .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.3 3.8 3.6 3.3 3.3 3.2 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 54.9 58.7 66.1 65.1 64.4 60.2 59.8 58.3 4. Average terms of new commitments Official creditors Interest (%) 1.0 0.7 1.6 0.0 1.3 0.6 5.7 5.1 Maturity (years) 38.0 40.5 23.7 28.6 19.9 22.7 13.9 10.5 Grace period (years) 8.7 10.1 6.5 9.1 6.9 6.0 4.3 2.0 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) 1,441 1,368 4,277 4,888 5,817 6,687 6,124 6,734 Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves 147 114 231 632 964 1,355 617 632 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 58.4 79.6 37.0 34.9 30.9 26.2 28.5 25.7 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 2.0 2.3 0.7 0.7 1.6 0.2 0.2 0.5 Multilateral to external debt stocks (%) 76.6 76.7 84.6 85.0 85.0 84.0 84.9 85.5 Reserves to external debt stocks (%) 17.4 10.5 14.6 37.0 53.7 77.4 35.3 36.5 Reserves to imports (months) .. .. .. .. .. .. .. .. 106 CHAD (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 776 986 1,494 1,627 1,712 1,705 1,714 1,708 Public and publicly guaranteed 776 986 1,494 1,627 1,712 1,705 1,714 1,708 Official creditors 774 971 1,462 1,594 1,679 1,672 1,682 1,679 Multilateral 645 834 1,340 1,450 1,527 1,469 1,482 1,483 of which: IBRD 0 0 35 30 26 0 0 0 IDA 379 515 864 925 968 905 896 865 Bilateral 129 137 122 144 152 203 200 196 Private creditors 2 15 32 33 33 33 32 30 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 61 46 110 102 50 97 38 57 Public and publicly guaranteed 61 46 110 102 50 97 38 57 Official creditors 61 46 110 102 50 97 38 57 Multilateral 61 36 108 71 39 38 34 56 of which: IBRD 0 0 1 0 0 0 0 0 IDA 42 18 64 31 16 5 3 3 Bilateral 0 10 2 31 12 59 4 2 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 Principal repayments 3 13 24 24 34 105 43 46 Public and publicly guaranteed 3 13 24 24 34 105 43 46 Official creditors 3 13 23 24 33 105 42 44 Multilateral 3 10 17 18 28 100 36 38 of which: IBRD 0 0 2 5 5 26 0 0 IDA 1 4 4 5 7 62 17 19 Bilateral 1 3 5 6 5 5 5 6 Private creditors 0 1 1 1 1 0 1 2 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 4 9 16 16 19 18 23 17 Public and publicly guaranteed 4 9 16 16 19 18 23 17 Official creditors 4 9 16 16 18 18 23 17 Multilateral 3 6 14 13 15 15 19 12 of which: IBRD 0 0 1 2 2 1 0 0 IDA 3 3 6 6 7 8 7 6 Bilateral 0 3 2 3 3 3 4 5 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 58 -8 -56 122 90 -47 -4 -13 Net flows on external debt 63 44 75 61 21 -44 -17 2 9. Debt restructurings Total amount rescheduled 45 0 12 0 0 0 0 0 Total amount forgiven 62 0 18 22 5 4 5 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 65 71 73 82 88 85 86 82 Interest 19 19 19 18 17 15 14 13 Private creditors Principal 2 2 2 2 2 1 0 0 Interest 0 0 0 0 0 0 0 0 107 CHILE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 22,038 37,239 45,434 50,195 56,191 65,419 73,145 86,349 Long-term external debt 18,607 31,067 38,345 38,725 42,626 47,570 51,507 60,470 Public and publicly guaranteed 7,179 5,205 9,161 9,380 9,317 8,777 9,262 12,929 Private nonguaranteed 11,429 25,861 29,184 29,344 33,308 38,793 42,245 47,541 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 3,431 6,172 7,089 11,470 13,565 17,849 21,638 25,879 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 7,179 5,125 9,158 9,368 9,306 8,769 9,256 12,925 Long-term private sector debt 11,429 25,941 29,188 29,357 33,319 38,801 42,251 47,545 Public & publicly guaranteed commitments 314 264 995 1,423 894 1,063 1,979 3,862 External debt flows Disbursements 3,821 4,943 9,156 12,620 13,795 18,995 19,343 19,677 Long-term external debt 3,821 4,943 9,156 12,620 13,795 18,995 19,343 19,677 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,671 3,938 6,073 12,551 9,749 14,278 15,574 11,005 Long-term external debt 3,369 3,938 6,073 12,551 9,749 14,278 15,574 11,005 IMF repurchases 303 0 0 0 0 0 0 0 Net flows -284 2,860 2,720 4,450 6,140 9,001 7,558 12,914 Long-term external debt 452 1,005 3,083 69 4,045 4,717 3,769 8,672 Short-term external debt -434 1,855 -363 4,381 2,095 4,284 3,789 4,241 Interest payments 1,293 2,235 1,510 1,992 2,149 1,937 1,843 2,388 Long-term external debt 1,114 2,081 1,289 1,655 1,597 1,547 1,389 1,733 IMF charges 13 0 0 0 0 0 0 0 Short-term external debt 165 154 221 338 553 389 454 655 2. Other non-debt resource inflows Foreign direct investment 2,957 4,860 6,984 7,298 12,534 15,150 12,874 15,095 Portfolio equity -249 -427 1,571 -124 388 1,948 328 1,748 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.0 1.1 1.2 1.1 1.0 0.7 Japanese yen 9.5 5.0 0.4 2.5 2.2 0.0 0.0 0.0 Pound sterling 2.9 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.9 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 42.0 84.1 98.0 95.8 96.0 98.2 98.5 98.9 4. Average terms of new commitments Official creditors Interest (%) 6.1 1.0 4.2 5.2 5.1 2.9 2.9 1.7 Maturity (years) 19.5 17.0 13.1 13.1 15.7 9.8 12.1 19.6 Grace period (years) 5.8 1.5 4.7 6.0 5.5 5.7 5.6 4.3 Private creditors Interest (%) 6.8 6.9 5.1 5.8 5.6 4.7 4.5 3.6 Maturity (years) 10.9 5.5 19.2 15.7 6.4 5.6 6.5 8.9 Grace period (years) 3.0 3.0 18.2 13.0 5.0 2.2 5.9 8.9 5. Major economic aggregates Gross national income (GNI) 68,637 72,333 107,763 128,372 145,641 157,560 149,316 188,032 Exports of goods, services & income 20,226 24,891 50,853 69,885 83,259 83,010 67,984 87,820 Worker remit. & comp. of employees .. 13 13 3 3 3 4 3 Imports of goods, services & income 21,883 26,346 51,187 66,137 78,930 89,247 66,977 88,409 Profit remittances on FDI 2,178 2,539 11,416 19,913 22,832 17,430 14,801 18,956 Current account balance -1,350 -898 1,449 7,154 7,458 -3,307 2,570 3,802 International reserves 14,860 15,055 16,933 19,397 16,843 23,079 25,292 27,827 6. Ratios External debt stocks to exports (%) 109.0 149.6 89.3 71.8 67.5 78.8 107.6 98.3 External debt stocks to GNI (%) 32.1 51.5 42.2 39.1 38.6 41.5 49.0 45.9 Debt service to exports (%) 24.5 24.8 14.9 20.8 14.3 19.5 25.6 15.2 Short-term to external debt stocks (%) 15.6 16.6 15.6 22.9 24.1 27.3 29.6 30.0 Multilateral to external debt stocks (%) 13.0 3.8 1.8 1.8 1.6 1.2 1.2 0.9 Reserves to external debt stocks (%) 67.4 40.4 37.3 38.6 30.0 35.3 34.6 32.2 Reserves to imports (months) 8.1 6.9 4.0 3.5 2.6 3.1 4.5 3.8 108 CHILE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 18,607 31,067 38,345 38,725 42,626 47,570 51,507 60,470 Public and publicly guaranteed 7,179 5,205 9,161 9,380 9,317 8,777 9,262 12,929 Official creditors 3,583 1,887 1,089 1,151 1,136 1,004 1,041 1,025 Multilateral 2,871 1,406 827 897 907 793 848 801 of which: IBRD 1,372 808 289 346 354 200 215 189 IDA 11 7 4 3 2 2 1 0 Bilateral 712 481 262 254 229 211 193 224 Private creditors 3,596 3,318 8,072 8,229 8,182 7,773 8,221 11,904 of which: Bonds 0 0 5,406 5,938 5,401 4,513 5,413 8,413 Commercial banks 3,509 3,250 2,666 2,291 2,781 3,260 2,808 3,241 Private nonguaranteed 11,429 25,861 29,184 29,344 33,308 38,793 42,245 47,541 of which: Bonds 866 6,339 4,761 4,779 3,631 4,296 5,126 7,061 Disbursements 3,821 4,943 9,156 12,620 13,795 18,995 19,343 19,677 Public and publicly guaranteed 342 346 1,197 1,186 689 1,030 2,385 4,010 Official creditors 194 147 176 112 64 132 109 111 Multilateral 146 113 162 92 47 126 109 51 of which: IBRD 83 48 55 62 14 53 29 32 IDA 0 0 0 0 0 0 0 0 Bilateral 48 34 14 20 16 6 0 60 Private creditors 148 199 1,022 1,074 626 899 2,276 3,900 of which: Bonds 0 0 500 650 0 0 900 3,000 Commercial banks 141 199 522 424 626 899 1,376 650 Private nonguaranteed 3,479 4,597 7,959 11,434 13,105 17,965 16,958 15,667 of which: Bonds 500 672 700 813 843 1,680 2,184 2,695 Principal repayments 3,369 3,938 6,073 12,551 9,749 14,278 15,574 11,005 Public and publicly guaranteed 2,277 757 1,362 973 740 1,590 1,903 336 Official creditors 2,003 277 371 61 58 261 75 119 Multilateral 1,884 177 345 23 40 243 54 96 of which: IBRD 704 115 206 5 6 207 14 58 IDA 1 1 1 1 1 1 1 1 Bilateral 119 100 26 38 18 17 21 23 Private creditors 273 480 990 912 682 1,329 1,828 217 of which: Bonds 0 0 422 118 537 888 0 0 Commercial banks 240 479 544 794 145 441 1,828 217 Private nonguaranteed 1,092 3,181 4,711 11,578 9,010 12,689 13,671 10,669 of which: Bonds 11 0 195 765 1,105 1,002 1,327 828 Interest payments 1,114 2,081 1,289 1,655 1,597 1,547 1,389 1,733 Public and publicly guaranteed 653 377 460 495 529 529 422 418 Official creditors 387 138 49 49 55 46 40 27 Multilateral 348 112 43 43 50 42 31 23 of which: IBRD 137 70 16 17 20 13 6 2 IDA 0 0 0 0 0 0 0 0 Bilateral 39 26 6 6 5 5 9 4 Private creditors 266 239 411 446 474 482 383 392 of which: Bonds 0 0 299 313 336 249 281 337 Commercial banks 258 234 112 133 138 234 101 55 Private nonguaranteed 461 1,704 829 1,160 1,068 1,018 966 1,314 of which: Bonds 26 440 347 359 345 326 404 440 8. Debt stock-flow reconciliation Total change in external debt stocks -117 2,444 1,675 4,760 5,996 9,228 7,727 13,204 Net flows on external debt -284 2,860 2,720 4,450 6,140 9,001 7,558 12,914 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 145 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 130 83 106 160 166 165 158 107 Interest 25 24 24 23 22 20 18 15 Private creditors Principal 11,276 10,528 6,121 4,300 4,688 1,616 1,365 770 Interest 1,879 1,775 1,324 1,264 1,123 973 1,098 742 Notes: Short-term debt is based on reports provided by the country. 109 CHINA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 118,090 145,339 282,955 322,761 373,083 379,800 432,197 548,551 Long-term external debt 95,764 132,259 134,688 149,384 169,385 192,612 191,688 201,027 Public and publicly guaranteed 94,674 94,470 84,196 85,718 87,101 90,838 94,038 90,180 Private nonguaranteed 1,090 37,789 50,492 63,666 82,284 101,774 97,650 110,847 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 22,325 13,080 148,267 173,377 203,698 187,188 240,509 347,524 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 93,573 94,470 83,937 85,474 86,929 90,680 93,896 90,051 Long-term private sector debt 2,192 37,789 50,751 63,910 82,456 101,932 97,793 110,976 Public & publicly guaranteed commitments 22,812 10,702 10,233 6,275 6,927 6,010 7,238 11,758 External debt flows Disbursements 21,985 19,006 29,228 26,524 36,907 38,188 23,648 42,423 Long-term external debt 21,985 19,006 29,228 26,524 36,907 38,188 23,648 42,423 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 9,070 19,362 20,936 18,120 20,405 23,959 33,448 28,539 Long-term external debt 9,070 19,362 20,936 18,120 20,405 23,959 33,448 28,539 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 17,758 -2,457 40,789 33,514 46,823 -2,280 43,521 120,899 Long-term external debt 12,915 -357 8,292 8,404 16,502 14,230 -9,800 13,884 Short-term external debt 4,842 -2,100 32,497 25,110 30,321 -16,510 53,321 107,015 Interest payments 5,996 7,231 6,519 9,361 11,406 9,298 6,330 34,071 Long-term external debt 4,657 6,064 3,218 3,820 5,464 4,812 3,122 6,269 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 1,340 1,168 3,302 5,541 5,942 4,486 3,208 27,802 2. Other non-debt resource inflows Foreign direct investment 35,849 38,399 117,208 124,082 160,052 175,148 114,215 185,081 Portfolio equity 0 6,912 20,346 42,861 18,510 8,721 28,161 31,357 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.3 8.9 8.4 6.8 6.4 6.9 Japanese yen 20.7 17.0 13.6 12.4 8.5 9.0 7.8 7.3 Pound sterling 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 U.S.dollars 58.1 71.3 74.1 75.3 80.2 81.7 83.7 84.0 4. Average terms of new commitments Official creditors Interest (%) 6.8 7.2 4.3 5.4 5.4 3.5 1.7 1.9 Maturity (years) 18.3 21.1 22.5 22.7 21.8 23.0 25.9 24.1 Grace period (years) 3.7 4.9 5.5 5.7 5.4 5.8 5.8 6.2 Private creditors Interest (%) 6.3 5.9 4.6 5.0 4.1 4.6 5.0 10.5 Maturity (years) 7.3 17.0 10.4 14.4 9.6 13.6 14.4 30.1 Grace period (years) 2.4 3.0 5.4 0.9 2.1 1.1 0.9 5.1 5. Major economic aggregates Gross national income (GNI) 716,233 1,183,815 2,267,538 2,728,108 3,519,744 4,553,265 5,034,545 5,906,327 Exports of goods, services & income 152,431 292,111 875,847 1,116,323 1,425,236 1,683,328 1,441,928 1,897,242 Worker remit. & comp. of employees 878 5,237 24,102 27,954 38,791 48,524 48,729 51,300 Imports of goods, services & income 152,248 277,904 767,150 912,776 1,109,907 1,316,763 1,214,556 1,634,801 Profit remittances on FDI 9,953 20,198 47,776 49,758 61,547 72,609 90,805 103,476 Current account balance 1,618 20,518 134,082 232,746 353,996 412,364 261,120 305,374 International reserves 80,288 171,763 831,410 1,080,756 1,546,365 1,966,037 2,452,899 2,913,712 6. Ratios External debt stocks to exports (%) 77.5 49.8 32.3 28.9 26.2 22.6 30.0 28.9 External debt stocks to GNI (%) 16.5 12.3 12.5 11.8 10.6 8.3 8.6 9.3 Debt service to exports (%) 9.9 9.1 3.1 2.5 2.2 2.0 2.8 3.3 Short-term to external debt stocks (%) 18.9 9.0 52.4 53.7 54.6 49.3 55.6 63.4 Multilateral to external debt stocks (%) 13.8 17.8 9.3 8.6 7.8 8.1 7.7 6.4 Reserves to external debt stocks (%) 68.0 118.2 293.8 334.8 414.5 517.7 567.5 531.2 Reserves to imports (months) 6.3 7.4 13.0 14.2 16.7 17.9 24.2 21.4 110 CHINA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 95,764 132,259 134,688 149,384 169,385 192,612 191,688 201,027 Public and publicly guaranteed 94,674 94,470 84,196 85,718 87,101 90,838 94,038 90,180 Official creditors 36,982 50,374 52,421 54,334 58,323 63,349 68,358 67,204 Multilateral 16,302 25,811 26,413 27,738 29,258 30,655 33,207 35,120 of which: IBRD 7,209 11,118 11,140 11,415 11,762 12,464 12,756 12,962 IDA 7,038 8,771 9,741 9,997 10,151 9,786 9,521 9,000 Bilateral 20,680 24,563 26,008 26,596 29,066 32,693 35,151 32,084 Private creditors 57,693 44,096 31,775 31,384 28,778 27,489 25,681 22,976 of which: Bonds 10,684 11,371 16,039 16,342 16,526 15,728 11,626 10,273 Commercial banks 23,869 10,619 3,247 3,763 3,030 2,868 2,735 2,202 Private nonguaranteed 1,090 37,789 50,492 63,666 82,284 101,774 97,650 110,847 of which: Bonds 1,090 1,068 3,574 5,279 6,018 5,970 7,020 17,976 Disbursements 21,985 19,006 29,228 26,524 36,907 38,188 23,648 42,423 Public and publicly guaranteed 21,441 11,924 9,776 6,278 7,130 5,449 6,481 10,125 Official creditors 9,073 5,790 2,170 3,588 3,403 3,893 3,310 4,348 Multilateral 2,838 3,303 2,010 2,153 2,425 2,870 2,657 2,623 of which: IBRD 1,457 1,528 1,061 1,134 1,194 1,604 1,290 1,282 IDA 812 379 70 34 14 9 1 0 Bilateral 6,235 2,487 159 1,434 978 1,023 653 1,725 Private creditors 12,368 6,133 7,606 2,690 3,727 1,556 3,171 5,777 of which: Bonds 1,224 848 4,208 0 1,456 0 0 0 Commercial banks 4,977 131 2,161 17 215 27 46 673 Private nonguaranteed 544 7,082 19,452 20,246 29,777 32,739 17,167 32,298 of which: Bonds 544 390 1,622 1,945 740 0 925 11,821 Principal repayments 9,070 19,362 20,936 18,120 20,405 23,959 33,448 28,539 Public and publicly guaranteed 9,070 10,235 6,659 6,520 5,342 6,750 6,473 8,831 Official creditors 1,171 4,270 1,413 2,684 2,949 2,809 2,594 3,643 Multilateral 420 1,400 1,195 1,333 1,397 1,520 1,602 1,795 of which: IBRD 350 578 787 901 908 971 992 1,086 IDA 14 66 217 243 276 309 331 349 Bilateral 751 2,870 217 1,351 1,552 1,289 993 1,848 Private creditors 7,899 5,965 5,246 3,836 2,393 3,940 3,878 5,188 of which: Bonds 1,451 443 550 0 0 742 500 431 Commercial banks 2,645 2,016 1,936 149 676 264 200 372 Private nonguaranteed 0 9,127 14,277 11,600 15,063 17,209 26,976 19,708 of which: Bonds 0 534 370 240 0 350 464 277 Interest payments 4,657 6,064 3,218 3,820 5,464 4,812 3,122 6,269 Public and publicly guaranteed 4,623 4,140 2,201 2,306 3,237 2,591 2,108 2,626 Official creditors 1,288 2,386 1,375 1,429 1,701 1,407 1,090 1,844 Multilateral 619 1,518 680 935 1,105 1,009 733 522 of which: IBRD 460 713 351 542 653 553 363 143 IDA 49 65 79 74 74 79 69 67 Bilateral 669 867 695 493 596 398 358 1,321 Private creditors 3,335 1,754 826 877 1,537 1,184 1,017 783 of which: Bonds 594 521 430 502 778 497 557 393 Commercial banks 1,333 222 71 80 182 33 42 32 Private nonguaranteed 33 1,924 1,017 1,514 2,227 2,220 1,015 3,643 of which: Bonds 33 93 248 343 445 431 445 672 8. Debt stock-flow reconciliation Total change in external debt stocks 17,633 -2,900 37,412 39,806 50,322 6,717 52,397 116,354 Net flows on external debt 17,758 -2,457 40,789 33,514 46,823 -2,280 43,521 120,899 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 6,537 6,588 6,117 6,095 5,961 5,747 5,640 5,392 Interest 2,002 1,792 1,590 1,404 1,221 1,048 879 714 Private creditors Principal 34,044 28,478 18,370 14,249 16,642 6,428 7,053 4,445 Interest 5,557 4,225 3,339 2,689 1,955 1,079 691 394 Notes: Data on long-term public and publicly guaranteed, long-term private nonguaranteed and short-term debt for 2010 are World Bank staff estimates based on aggregate information provided by the authority. 111 COLOMBIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 25,044 33,937 37,744 38,048 43,697 46,428 52,120 63,064 Long-term external debt 19,499 31,066 31,568 33,285 38,536 40,795 48,107 54,855 Public and publicly guaranteed 13,946 20,806 22,579 24,744 27,424 28,983 35,358 36,777 Private nonguaranteed 5,553 10,259 8,989 8,541 11,112 11,812 12,749 18,078 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 5,545 2,871 6,176 4,763 5,161 5,633 4,013 8,209 interest arrears on long-term 2 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 177 8 0 0 0 0 0 0 Long-term public sector debt 13,945 20,805 22,578 24,743 27,423 28,506 34,831 36,274 Long-term private sector debt 5,555 10,261 8,990 8,542 11,113 12,289 13,276 18,581 Public & publicly guaranteed commitments 1,792 3,782 4,879 4,916 4,647 5,106 7,971 2,917 External debt flows Disbursements 4,179 3,803 6,521 8,943 8,860 7,094 13,146 12,840 Long-term external debt 4,179 3,803 6,521 8,943 8,860 7,094 13,146 12,840 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,347 2,900 7,403 7,769 5,642 4,877 5,914 6,553 Long-term external debt 2,347 2,900 7,403 7,769 5,642 4,877 5,914 6,553 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 2,894 -191 174 -240 3,616 2,690 5,611 10,483 Long-term external debt 1,832 903 -883 1,173 3,218 2,218 7,232 6,287 Short-term external debt 1,062 -1,094 1,056 -1,413 398 472 -1,620 4,196 Interest payments 1,998 2,204 2,838 2,579 2,993 3,028 2,912 3,227 Long-term external debt 1,687 2,032 2,585 2,359 2,749 2,764 2,723 2,842 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 311 172 254 220 244 265 189 386 2. Other non-debt resource inflows Foreign direct investment 968 2,436 10,252 6,656 9,049 10,596 7,137 6,765 Portfolio equity 165 17 86 -30 790 -86 67 1,351 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 4.2 3.5 3.5 1.4 1.1 1.0 Japanese yen 5.6 3.6 1.6 1.3 1.1 1.1 2.2 2.3 Pound sterling 0.1 0.8 0.8 0.8 0.8 0.0 0.0 0.0 Swiss franc 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 49.9 74.4 85.2 88.1 89.8 93.7 94.3 94.9 4. Average terms of new commitments Official creditors Interest (%) 6.4 8.8 5.1 5.5 5.7 3.4 1.6 1.7 Maturity (years) 20.4 12.1 15.9 17.7 12.3 23.1 23.9 22.1 Grace period (years) 4.8 3.1 6.0 5.3 4.8 7.1 7.0 5.8 Private creditors Interest (%) 3.8 7.6 8.0 7.5 9.2 6.8 6.6 7.5 Maturity (years) 6.1 10.2 11.4 18.3 13.4 14.5 14.0 12.0 Grace period (years) 4.0 7.5 10.2 17.9 13.2 13.7 13.6 11.2 5. Major economic aggregates Gross national income (GNI) 90,928 98,048 141,110 156,873 199,409 234,312 226,344 276,093 Exports of goods, services & income 12,971 16,850 25,467 30,077 36,067 44,416 39,517 46,593 Worker remit. & comp. of employees 815 1,610 3,346 3,928 4,523 4,884 4,180 4,058 Imports of goods, services & income 18,286 17,728 31,435 37,808 47,273 56,851 49,286 60,100 Profit remittances on FDI 359 655 3,565 4,591 6,598 8,706 7,628 9,983 Current account balance -4,516 795 -1,886 -2,989 -5,977 -6,923 -5,157 -9,032 International reserves 8,452 9,006 14,955 15,437 20,951 23,671 24,987 28,076 6. Ratios External debt stocks to exports (%) 193.1 201.4 148.2 126.5 121.2 104.5 131.9 135.4 External debt stocks to GNI (%) 27.5 34.6 26.7 24.3 21.9 19.8 23.0 22.8 Debt service to exports (%) 33.5 30.3 40.2 34.4 23.9 17.8 22.3 21.0 Short-term to external debt stocks (%) 22.1 8.5 16.4 12.5 11.8 12.1 7.7 13.0 Multilateral to external debt stocks (%) 21.2 18.5 25.5 28.5 25.8 28.2 28.2 25.0 Reserves to external debt stocks (%) 33.7 26.5 39.6 40.6 47.9 51.0 47.9 44.5 Reserves to imports (months) 5.5 6.1 5.7 4.9 5.3 5.0 6.1 5.6 112 COLOMBIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 19,499 31,066 31,568 33,285 38,536 40,795 48,107 54,855 Public and publicly guaranteed 13,946 20,806 22,579 24,744 27,424 28,983 35,358 36,777 Official creditors 7,063 7,722 10,568 11,657 11,993 13,739 15,211 16,218 Multilateral 5,316 6,274 9,615 10,841 11,277 13,114 14,695 15,786 of which: IBRD 2,548 1,920 3,896 4,563 4,756 5,438 6,570 7,504 IDA 11 7 4 3 2 2 1 0 Bilateral 1,747 1,448 954 816 717 626 515 432 Private creditors 6,883 13,084 12,011 13,087 15,431 15,244 20,148 20,559 of which: Bonds 1,733 8,201 10,927 12,162 12,354 12,280 17,159 17,686 Commercial banks 4,163 4,252 824 777 2,246 2,225 2,214 2,094 Private nonguaranteed 5,553 10,259 8,989 8,541 11,112 11,812 12,749 18,078 of which: Bonds 717 762 370 540 809 809 2,709 3,329 Disbursements 4,179 3,803 6,521 8,943 8,860 7,094 13,146 12,840 Public and publicly guaranteed 1,569 2,939 4,400 5,578 4,494 3,862 8,105 3,499 Official creditors 685 660 1,467 2,237 1,585 2,567 2,413 2,124 Multilateral 394 508 1,467 2,219 1,581 2,546 2,398 2,123 of which: IBRD 238 266 705 942 564 847 1,331 1,279 IDA 0 0 0 0 0 0 0 0 Bilateral 290 152 0 18 4 21 15 1 Private creditors 885 2,279 2,932 3,341 2,909 1,296 5,691 1,375 of which: Bonds 535 1,804 2,304 2,696 1,293 1,000 5,491 1,335 Commercial banks 257 469 616 645 1,615 296 200 40 Private nonguaranteed 2,610 865 2,121 3,364 4,366 3,232 5,041 9,340 of which: Bonds 592 0 0 170 469 0 1,900 620 Principal repayments 2,347 2,900 7,403 7,769 5,642 4,877 5,914 6,553 Public and publicly guaranteed 2,200 2,068 4,712 3,863 2,915 2,172 1,789 2,306 Official creditors 1,110 557 2,223 1,177 1,364 883 939 1,112 Multilateral 647 440 2,072 1,005 1,248 755 811 1,029 of which: IBRD 414 242 218 259 432 158 216 342 IDA 1 1 1 1 1 1 1 1 Bilateral 463 116 151 171 117 128 128 83 Private creditors 1,090 1,511 2,488 2,687 1,551 1,289 850 1,194 of which: Bonds 119 469 1,723 1,879 1,353 953 623 983 Commercial banks 723 838 680 693 152 316 211 196 Private nonguaranteed 147 832 2,692 3,906 2,727 2,705 4,126 4,248 of which: Bonds 0 110 0 0 200 0 0 0 Interest payments 1,687 2,032 2,585 2,359 2,749 2,764 2,723 2,842 Public and publicly guaranteed 962 1,414 1,948 1,652 1,949 2,107 2,005 2,135 Official creditors 505 541 574 580 681 656 602 557 Multilateral 388 470 529 543 648 629 582 542 of which: IBRD 190 126 174 210 256 241 242 249 IDA 0 0 0 0 0 0 0 0 Bilateral 118 71 44 37 33 27 20 15 Private creditors 457 873 1,374 1,072 1,267 1,451 1,403 1,577 of which: Bonds 58 515 1,284 1,005 1,058 1,112 1,073 1,282 Commercial banks 310 298 70 53 49 184 170 125 Private nonguaranteed 725 618 637 707 800 656 718 707 of which: Bonds 15 84 36 43 75 68 129 221 8. Debt stock-flow reconciliation Total change in external debt stocks 3,106 -490 -167 303 5,649 2,731 5,692 10,944 Net flows on external debt 2,894 -191 174 -240 3,616 2,690 5,611 10,483 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,055 1,093 1,071 1,328 1,203 1,149 1,038 1,157 Interest 322 300 281 258 233 210 189 170 Private creditors Principal 3,631 3,164 1,664 3,581 5,139 1,273 3,206 1,453 Interest 13,281 11,042 9,444 8,560 7,060 3,847 3,321 2,827 Notes: Short-term debt is based on the Central Bank data. 113 COMOROS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 211.2 226.1 278.8 282.3 286.7 279.4 277.6 485.4 Long-term external debt 201.2 206.9 258.0 260.3 279.5 270.6 263.4 469.3 Public and publicly guaranteed 201.2 206.9 258.0 260.3 279.5 270.6 263.4 469.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 3.3 1.5 0.0 0.0 0.0 5.1 10.1 12.3 Short-term external debt 6.7 17.6 20.8 22.0 7.2 3.6 4.0 3.8 interest arrears on long-term 4.7 8.6 17.8 18.0 3.2 3.6 4.0 3.8 Memorandum items Principal arrears on long-term 21.4 41.9 58.3 61.2 19.9 21.5 21.7 17.2 Long-term public sector debt 201.2 206.9 258.0 260.3 279.5 270.6 263.4 469.3 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 4.7 0.0 0.6 0.0 0.0 0.0 0.0 215.0 External debt flows Disbursements 9.6 2.1 3.3 3.0 4.8 6.7 6.9 217.4 Long-term external debt 9.6 2.1 3.3 3.0 4.8 1.4 0.3 215.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 5.3 6.5 2.4 Principal repayments 0.4 1.8 2.6 2.4 12.8 8.1 8.9 3.1 Long-term external debt 0.4 1.2 2.6 2.4 12.8 8.1 7.2 3.1 IMF repurchases 0.0 0.6 0.0 0.0 0.0 0.0 1.7 0.0 Net flows 11.2 2.3 0.7 1.6 -8.0 -5.5 -2.1 214.3 Long-term external debt 9.2 0.9 0.7 0.6 -8.0 -6.7 -6.9 211.9 Short-term external debt 2.0 2.0 0.0 1.0 0.0 -4.0 0.0 0.0 Interest payments 0.6 1.4 1.4 1.4 13.3 4.2 2.9 1.1 Long-term external debt 0.5 0.8 1.3 1.2 13.1 4.2 2.9 1.1 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.1 0.6 0.2 0.2 0.2 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 0.9 0.1 0.6 0.6 7.5 7.5 9.1 9.4 Portfolio equity 0.0 .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 12.4 12.3 11.6 11.4 11.4 6.2 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 27.2 31.9 40.6 41.3 42.6 43.2 43.8 69.9 4. Average terms of new commitments Official creditors Interest (%) 0.9 0.0 1.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 37.7 0.0 39.7 0.0 0.0 0.0 0.0 25.8 Grace period (years) 10.4 0.0 10.2 0.0 0.0 0.0 0.0 5.3 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) 232.9 202.2 385.9 403.6 466.9 530.3 534.6 538.8 Exports of goods, services & income 49.2 .. 59.5 63.5 69.7 81.1 79.7 .. Worker remit. & comp. of employees 12.2 .. .. .. .. .. .. .. Imports of goods, services & income 105.7 .. 138.3 155.7 174.7 254.8 245.4 .. Profit remittances on FDI 0.2 .. .. .. .. .. .. .. Current account balance -19.0 .. -26.8 -22.5 -29.5 -68.8 -45.9 .. International reserves 44.9 43.4 86.1 93.9 117.6 112.7 150.9 146.1 6. Ratios External debt stocks to exports (%) 429.0 .. 468.5 444.6 411.6 344.4 348.3 .. External debt stocks to GNI (%) 90.7 111.8 72.2 70.0 61.4 52.7 51.9 90.1 Debt service to exports (%) 2.0 .. 6.7 5.9 37.5 15.2 14.8 .. Short-term to external debt stocks (%) 3.2 7.8 7.4 7.8 2.5 1.3 1.5 0.8 Multilateral to external debt stocks (%) 74.1 73.4 74.4 76.8 79.6 78.5 77.3 42.0 Reserves to external debt stocks (%) 21.2 19.2 30.9 33.3 41.0 40.3 54.4 30.1 Reserves to imports (months) 5.1 .. 7.5 7.2 8.1 5.3 7.4 .. 114 COMOROS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 201.2 206.9 258.0 260.3 279.5 270.6 263.4 469.3 Public and publicly guaranteed 201.2 206.9 258.0 260.3 279.5 270.6 263.4 469.3 Official creditors 201.2 206.9 258.0 260.3 279.5 270.6 263.4 469.3 Multilateral 156.5 165.9 207.3 216.9 228.1 219.4 214.6 204.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 64.1 70.8 111.1 117.1 124.4 122.3 120.4 115.5 Bilateral 44.7 41.1 50.7 43.5 51.4 51.2 48.8 265.2 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 Disbursements 9.6 2.1 3.3 3.0 4.8 1.4 0.3 215.0 Public and publicly guaranteed 9.6 2.1 3.3 3.0 4.8 1.4 0.3 215.0 Official creditors 9.6 2.1 3.3 3.0 4.8 1.4 0.3 215.0 Multilateral 9.6 2.1 3.3 3.0 4.8 1.4 0.3 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 9.6 2.1 2.7 3.0 4.8 1.4 0.3 0.0 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 215.0 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 0.4 1.2 2.6 2.4 12.8 8.1 7.2 3.1 Public and publicly guaranteed 0.4 1.2 2.6 2.4 12.8 8.1 7.2 3.1 Official creditors 0.4 1.2 2.6 2.4 12.8 8.1 7.2 3.1 Multilateral 0.4 1.2 2.6 2.4 12.8 8.1 7.2 3.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.4 0.8 2.0 2.0 2.3 2.6 3.1 1.7 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 0.5 0.8 1.3 1.2 13.1 4.2 2.9 1.1 Public and publicly guaranteed 0.5 0.8 1.3 1.2 13.1 4.2 2.9 1.1 Official creditors 0.5 0.8 1.3 1.2 13.1 4.2 2.9 1.1 Multilateral 0.5 0.8 1.3 1.2 12.9 3.9 2.6 1.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.4 0.8 0.9 0.9 0.9 0.8 1.1 0.7 Bilateral 0.0 0.0 0.0 0.0 0.2 0.3 0.3 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 8. Debt stock-flow reconciliation Total change in external debt stocks 8.5 -2.7 -15.1 3.6 4.4 -7.4 -1.8 207.8 Net flows on external debt 11.2 2.3 0.7 1.6 -8.0 -5.5 -2.1 214.3 9. Debt restructurings Total amount rescheduled 2.0 0.0 0.0 0.0 68.6 0.0 0.0 29.1 Total amount forgiven 0.4 0.0 0.0 0.0 0.0 0.0 0.0 1.7 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 6.7 7.0 6.5 6.8 7.2 17.5 17.5 18.5 Interest 1.6 1.6 1.6 1.5 1.5 1.4 1.4 1.4 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 for 2010 include the effects of Paris Club debt restructuring agreements signed in 2010 and of Enhanced HIPC Initiative in the amount of $1.2 million. 115 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 13,239 11,692 10,600 11,244 12,365 12,210 12,276 5,774 Long-term external debt 9,636 7,880 9,412 9,891 10,931 10,880 10,869 4,957 Public and publicly guaranteed 9,636 7,880 9,412 9,891 10,931 10,880 10,869 4,957 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 485 391 791 833 808 654 800 323 Short-term external debt 3,118 3,421 397 520 626 677 607 494 interest arrears on long-term 2,937 3,042 359 378 446 471 493 280 Memorandum items Principal arrears on long-term 4,569 4,949 1,186 1,279 1,533 1,684 2,249 748 Long-term public sector debt 9,621 7,867 9,412 9,891 10,931 10,880 10,869 4,957 Long-term private sector debt 15 13 0 0 0 0 0 0 Public & publicly guaranteed commitments 14 0 45 45 0 0 0 0 External debt flows Disbursements 0 0 288 182 116 100 387 116 Long-term external debt 0 0 249 182 116 100 105 40 IMF purchases 0 0 39 0 0 0 282 76 Principal repayments 1 0 112 142 219 307 376 140 Long-term external debt 0 0 112 142 155 170 226 83 IMF repurchases 1 0 0 0 64 137 150 57 Net flows 61 20 95 144 -65 -181 -81 76 Long-term external debt 0 0 137 40 -39 -70 -121 -43 Short-term external debt 63 20 -81 104 38 26 -92 100 Interest payments 24 25 102 143 277 285 247 128 Long-term external debt 0 0 97 134 267 275 241 125 IMF charges 16 0 2 4 4 4 4 0 Short-term external debt 8 25 3 5 6 6 2 2 2. Other non-debt resource inflows Foreign direct investment -22 72 .. 256 1,808 1,727 664 2,939 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 30.1 31.3 31.0 28.8 29.2 7.3 Japanese yen 3.7 4.8 7.3 6.8 6.3 7.9 7.7 0.0 Pound sterling 0.9 1.1 1.2 1.3 1.2 0.9 1.0 0.0 Swiss franc 0.3 0.2 0.3 0.3 0.3 0.3 0.2 0.1 U.S.dollars 40.8 44.6 46.0 45.2 41.8 42.0 41.6 48.7 4. Average terms of new commitments Official creditors Interest (%) 2.5 0.0 1.5 2.2 0.0 0.0 0.0 0.0 Maturity (years) 19.9 0.0 30.3 27.8 0.0 0.0 0.0 0.0 Grace period (years) 4.4 0.0 6.7 1.7 0.0 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 1.3 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 4,878 3,918 6,760 8,143 9,621 10,337 10,425 12,263 Exports of goods, services & income .. .. 2,755 3,155 6,566 7,716 5,047 7,125 Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. 3,924 4,272 7,562 9,761 7,571 10,542 Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. -395 -134 -1,050 -1,123 -2,529 International reserves 157 83 131 155 181 78 1,615 1,841 6. Ratios External debt stocks to exports (%) .. .. 384.7 356.4 188.3 158.3 243.2 81.0 External debt stocks to GNI (%) 271.4 298.4 156.8 138.1 128.5 118.1 117.8 47.1 Debt service to exports (%) .. .. 7.8 9.0 7.6 7.7 12.3 3.8 Short-term to external debt stocks (%) 23.6 29.3 3.7 4.6 5.1 5.5 4.9 8.6 Multilateral to external debt stocks (%) 18.0 18.5 28.8 29.2 32.8 34.0 34.1 44.5 Reserves to external debt stocks (%) 1.2 0.7 1.2 1.4 1.5 0.6 13.2 31.9 Reserves to imports (months) .. .. 0.4 0.4 0.3 0.1 2.6 2.1 116 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 9,636 7,880 9,412 9,891 10,931 10,880 10,869 4,957 Public and publicly guaranteed 9,636 7,880 9,412 9,891 10,931 10,880 10,869 4,957 Official creditors 8,758 7,384 9,042 9,524 10,574 10,528 10,538 4,850 Multilateral 2,382 2,164 3,050 3,280 4,056 4,150 4,187 2,571 of which: IBRD 92 81 0 0 0 0 0 0 IDA 1,321 1,188 2,050 2,251 2,402 2,437 2,497 849 Bilateral 6,376 5,220 5,992 6,244 6,518 6,379 6,351 2,279 Private creditors 878 496 370 367 357 351 332 106 of which: Bonds 5 3 1 1 0 0 0 0 Commercial banks 117 81 1 1 1 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 0 249 182 116 100 105 40 Public and publicly guaranteed 0 0 249 182 116 100 105 40 Official creditors 0 0 249 182 116 100 105 40 Multilateral 0 0 249 143 105 100 105 40 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 226 138 99 92 85 19 Bilateral 0 0 0 39 10 0 0 0 Private creditors 0 0 0 0 1 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 0 112 142 155 170 226 83 Public and publicly guaranteed 0 0 112 142 155 170 226 83 Official creditors 0 0 110 136 150 163 205 80 Multilateral 0 0 11 19 40 58 69 56 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 1 1 3 7 1 Bilateral 0 0 98 116 111 105 136 24 Private creditors 0 0 2 6 5 7 21 4 of which: Bonds 0 0 1 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 0 0 97 134 267 275 241 125 Public and publicly guaranteed 0 0 97 134 267 275 241 125 Official creditors 0 0 95 132 264 272 239 125 Multilateral 0 0 52 62 113 126 125 120 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 12 12 14 15 16 12 Bilateral 0 0 43 70 151 145 115 4 Private creditors 0 0 1 2 2 3 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 8. Debt stock-flow reconciliation Total change in external debt stocks 918 -356 -834 643 1,122 -155 66 -6,502 Net flows on external debt 61 20 95 144 -65 -181 -81 76 9. Debt restructurings Total amount rescheduled 0 0 34 0 0 0 0 1,479 Total amount forgiven 0 0 95 37 40 161 37 6,603 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 135 139 146 148 137 135 185 154 Interest 22 87 86 85 84 83 82 81 Private creditors Principal 4 4 4 3 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2010 are World Bank staff estimates. Data for 2008, 2009, and 2010 include the effects of MDRI and HIPC debt relief, in the amount of $42,477 thousand, $37,364 thousand, $1,642,856 thousand respectively. Data also include the effects of Paris Club debt restructuring agreements signed in 2010. 117 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 5,887 4,782 6,144 6,560 5,648 5,932 4,903 3,781 Long-term external debt 4,867 3,682 5,404 5,749 5,246 5,505 4,684 3,531 Public and publicly guaranteed 4,867 3,682 5,404 5,749 5,246 5,505 4,684 3,531 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 19 41 26 35 37 38 43 27 Short-term external debt 1,002 1,059 714 776 364 389 176 222 interest arrears on long-term 412 638 703 713 259 252 107 105 Memorandum items Principal arrears on long-term 950 1,727 2,511 2,564 1,008 979 410 353 Long-term public sector debt 4,867 3,682 5,404 5,749 5,246 5,505 4,684 3,531 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 31 24 640 17 10 13 394 79 External debt flows Disbursements 15 15 232 163 28 21 10 75 Long-term external debt 15 1 220 152 28 19 7 73 IMF purchases 0 14 12 12 0 2 4 2 Principal repayments 88 6 77 54 74 112 86 151 Long-term external debt 85 6 65 50 74 112 86 151 IMF repurchases 2 0 12 4 0 0 0 0 Net flows 163 -52 166 162 -4 -60 -144 -28 Long-term external debt -70 -5 155 102 -46 -94 -80 -78 Short-term external debt 236 -61 11 52 42 32 -68 48 Interest payments 99 38 35 33 34 70 77 45 Long-term external debt 62 7 34 31 29 64 75 42 IMF charges 1 1 0 0 0 0 0 0 Short-term external debt 35 30 0 2 4 5 2 3 2. Other non-debt resource inflows Foreign direct investment 125 166 514 1,488 2,638 2,483 2,083 2,816 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 35.9 36.0 41.9 40.3 43.5 12.7 Japanese yen 0.2 0.2 0.1 0.1 0.2 0.2 0.0 0.0 Pound sterling 3.5 4.9 5.3 6.4 6.3 4.4 5.5 0.0 Swiss franc 0.5 0.3 0.2 0.2 0.3 0.3 0.3 0.0 U.S.dollars 24.1 29.9 52.6 51.4 43.9 47.9 43.6 78.9 4. Average terms of new commitments Official creditors Interest (%) 2.2 2.0 0.6 2.4 1.0 2.8 0.9 3.2 Maturity (years) 31.8 15.0 16.6 39.5 19.7 19.5 19.5 16.0 Grace period (years) 9.0 7.0 4.8 10.4 5.2 4.8 5.2 6.1 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 4.0 0.0 4.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 9.8 0.0 7.8 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.3 5. Major economic aggregates Gross national income (GNI) 1,228 2,275 4,039 5,105 5,747 8,728 6,878 8,619 Exports of goods, services & income 1,383 2,642 4,983 6,352 6,151 .. .. .. Worker remit. & comp. of employees 4 10 11 13 15 15 15 15 Imports of goods, services & income 2,050 2,013 4,318 6,202 8,294 .. .. .. Profit remittances on FDI 326 466 1,296 1,403 1,651 .. .. .. Current account balance -625 648 696 124 -2,181 .. .. .. International reserves 64 225 738 1,848 2,184 3,881 3,806 4,447 6. Ratios External debt stocks to exports (%) 425.8 181.0 123.3 103.3 91.8 .. .. .. External debt stocks to GNI (%) 479.3 210.2 152.1 128.5 98.3 68.0 71.3 43.9 Debt service to exports (%) 13.5 1.7 2.2 1.4 1.7 .. .. .. Short-term to external debt stocks (%) 17.0 22.1 11.6 11.8 6.4 6.6 3.6 5.9 Multilateral to external debt stocks (%) 10.7 10.4 8.3 7.9 8.9 8.0 9.4 5.8 Reserves to external debt stocks (%) 1.1 4.7 12.0 28.2 38.7 65.4 77.6 117.6 Reserves to imports (months) 0.4 1.3 2.0 3.6 3.2 .. .. .. 118 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 4,867 3,682 5,404 5,749 5,246 5,505 4,684 3,531 Public and publicly guaranteed 4,867 3,682 5,404 5,749 5,246 5,505 4,684 3,531 Official creditors 3,947 2,920 3,293 3,608 3,863 4,150 3,840 2,716 Multilateral 631 499 512 517 500 476 463 219 of which: IBRD 105 65 0 0 0 0 0 0 IDA 174 159 280 295 303 299 298 84 Bilateral 3,316 2,421 2,780 3,091 3,363 3,674 3,377 2,497 Private creditors 920 762 2,111 2,140 1,383 1,355 844 815 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 778 686 2,017 2,037 1,281 1,261 779 756 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 15 1 220 152 28 19 7 73 Public and publicly guaranteed 15 1 220 152 28 19 7 73 Official creditors 15 1 220 152 28 14 7 73 Multilateral 1 0 85 18 14 9 5 12 of which: IBRD 1 0 0 0 0 0 0 0 IDA 0 0 35 8 2 3 3 2 Bilateral 15 1 135 134 14 4 1 62 Private creditors 0 0 0 0 0 5 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 85 6 65 50 74 112 86 151 Public and publicly guaranteed 85 6 65 50 74 112 86 151 Official creditors 33 6 65 50 72 84 86 127 Multilateral 20 6 47 31 23 21 22 23 of which: IBRD 18 2 0 0 0 0 0 0 IDA 1 1 5 3 2 2 2 1 Bilateral 12 0 19 19 49 64 64 104 Private creditors 53 0 0 0 1 28 1 24 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 46 0 0 0 0 24 0 24 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 62 7 34 31 29 64 75 42 Public and publicly guaranteed 62 7 34 31 29 64 75 42 Official creditors 20 7 34 31 29 59 57 30 Multilateral 11 7 26 14 11 9 8 7 of which: IBRD 10 1 0 0 0 0 0 0 IDA 1 1 2 2 2 2 2 1 Bilateral 9 0 8 17 19 50 49 23 Private creditors 42 0 0 0 0 5 18 12 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 39 0 0 0 0 5 18 12 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 586 -138 -420 416 -912 285 -1,030 -1,122 Net flows on external debt 163 -52 166 162 -4 -60 -144 -28 9. Debt restructurings Total amount rescheduled 108 0 86 124 616 312 53 1,536 Total amount forgiven 24 0 141 152 1,282 114 766 1,147 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 224 215 111 140 156 179 178 179 Interest 24 52 50 51 50 47 44 43 Private creditors Principal 24 28 32 32 32 32 32 31 Interest 11 11 10 9 9 8 10 9 Notes: Data on long-term public debt for 2010 are World Bank staff estimates. Data include the effects of London Club debt restructuring agreement signed in 2007 and Paris Club debt restructuring agreement signed in 2008 and 2010. However, data for 2010 does not reflect the $1.4 billion of debt relief that Paris Club creditors have committed to bilaterally. Data for 2008, 2009, and 2010 include the effects of MDRI and HIPC debt relief, in the amount of $3,596 thousand, $3,576 thousand, and $210,763 thousand respectively. 119 COSTA RICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 3,766 4,636 6,489 6,996 8,406 9,196 7,978 8,849 Long-term external debt 3,312 3,688 4,392 4,640 5,171 5,207 5,735 6,418 Public and publicly guaranteed 3,097 3,452 3,161 3,315 3,650 3,174 3,197 3,725 Private nonguaranteed 214 236 1,231 1,325 1,521 2,033 2,538 2,693 Use of IMF credit 24 0 0 0 0 0 0 0 Short-term external debt 430 948 2,097 2,355 3,234 3,989 2,243 2,431 interest arrears on long-term 32 12 2 2 0 0 0 0 Memorandum items Principal arrears on long-term 98 29 0 0 0 0 0 0 Long-term public sector debt 3,095 3,451 3,161 3,315 3,650 3,174 3,197 3,725 Long-term private sector debt 216 237 1,231 1,325 1,521 2,033 2,538 2,693 Public & publicly guaranteed commitments 25 824 358 416 149 446 1,850 50 External debt flows Disbursements 211 758 986 458 610 1,115 1,322 1,504 Long-term external debt 211 758 986 458 610 1,115 1,322 1,504 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 401 388 569 498 559 1,112 795 653 Long-term external debt 357 388 569 498 559 1,112 795 653 IMF repurchases 44 0 0 0 0 0 0 0 Net flows -148 549 841 218 931 758 -1,218 1,038 Long-term external debt -146 370 416 -40 51 3 527 851 Short-term external debt 42 179 425 258 880 755 -1,745 188 Interest payments 251 262 274 294 347 462 428 429 Long-term external debt 225 206 180 176 207 352 367 362 IMF charges 3 0 0 0 0 0 0 0 Short-term external debt 23 56 94 118 140 110 62 67 2. Other non-debt resource inflows Foreign direct investment 337 409 861 1,469 1,896 2,078 1,347 1,466 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.7 1.6 1.7 1.8 1.7 1.3 Japanese yen 8.2 4.0 2.7 2.1 2.3 3.8 5.1 5.9 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 49.1 69.9 77.1 80.2 83.0 87.9 87.9 89.1 4. Average terms of new commitments Official creditors Interest (%) 2.2 6.3 5.7 4.8 6.2 4.5 3.1 0.0 Maturity (years) 7.3 4.3 17.5 15.1 14.8 17.3 19.6 0.0 Grace period (years) 1.2 1.8 4.0 3.9 3.8 4.0 4.1 0.0 Private creditors Interest (%) 6.9 8.3 8.2 6.9 6.0 0.0 5.1 3.3 Maturity (years) 6.0 17.3 12.1 10.3 1.4 0.0 7.2 3.0 Grace period (years) 1.5 17.3 0.5 10.3 0.3 0.0 5.6 0.5 5. Major economic aggregates Gross national income (GNI) 11,497 14,697 19,174 21,788 25,468 28,935 28,767 33,001 Exports of goods, services & income 4,597 7,992 10,528 12,208 13,559 14,400 12,718 13,969 Worker remit. & comp. of employees 123 136 420 513 618 605 513 552 Imports of goods, services & income 5,089 8,793 11,779 13,580 15,675 17,565 13,585 15,670 Profit remittances on FDI 109 1,141 743 853 1,131 749 986 606 Current account balance -358 -707 -981 -1,023 -1,646 -2,787 -576 -1,439 International reserves 1,060 1,318 2,314 3,117 4,115 3,801 4,068 4,630 6. Ratios External debt stocks to exports (%) 81.9 58.0 61.6 57.3 62.0 63.9 62.7 63.3 External debt stocks to GNI (%) 32.8 31.5 33.8 32.1 33.0 31.8 27.7 26.8 Debt service to exports (%) 14.2 8.1 8.0 6.5 6.7 10.9 9.6 7.7 Short-term to external debt stocks (%) 11.4 20.4 32.3 33.7 38.5 43.4 28.1 27.5 Multilateral to external debt stocks (%) 36.6 28.1 18.1 18.0 14.2 11.3 14.8 19.3 Reserves to external debt stocks (%) 28.1 28.4 35.7 44.6 49.0 41.3 51.0 52.3 Reserves to imports (months) 2.5 1.8 2.4 2.8 3.2 2.6 3.6 3.5 120 COSTA RICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,312 3,688 4,392 4,640 5,171 5,207 5,735 6,418 Public and publicly guaranteed 3,097 3,452 3,161 3,315 3,650 3,174 3,197 3,725 Official creditors 2,486 1,861 1,370 1,452 1,476 1,362 1,577 2,139 Multilateral 1,380 1,305 1,176 1,260 1,195 1,039 1,179 1,709 of which: IBRD 300 121 59 53 45 41 57 570 IDA 3 2 1 1 1 0 0 0 Bilateral 1,106 556 194 192 281 322 398 430 Private creditors 611 1,591 1,791 1,864 2,174 1,812 1,620 1,586 of which: Bonds 572 1,542 1,669 1,685 1,900 1,660 1,435 1,435 Commercial banks 3 23 102 161 257 137 172 138 Private nonguaranteed 214 236 1,231 1,325 1,521 2,033 2,538 2,693 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 211 758 986 458 610 1,115 1,322 1,504 Public and publicly guaranteed 201 749 75 142 118 320 523 770 Official creditors 200 249 75 92 118 309 380 767 Multilateral 183 130 69 77 102 245 258 706 of which: IBRD 16 6 5 5 1 4 24 521 IDA 0 0 0 0 0 0 0 0 Bilateral 18 118 6 15 16 63 122 61 Private creditors 0 500 0 50 0 11 143 2 of which: Bonds 0 500 0 50 0 0 75 0 Commercial banks 0 0 0 0 0 11 68 0 Private nonguaranteed 10 9 910 316 492 795 799 734 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 357 388 569 498 559 1,112 795 653 Public and publicly guaranteed 333 371 365 276 263 829 500 266 Official creditors 323 334 306 230 221 456 165 230 Multilateral 176 154 276 213 192 413 119 179 of which: IBRD 55 33 17 11 9 8 7 9 IDA 0 0 0 0 0 0 0 0 Bilateral 146 180 31 18 30 43 47 51 Private creditors 10 37 59 45 42 373 335 36 of which: Bonds 4 30 41 34 35 240 300 0 Commercial banks 2 4 17 11 7 130 33 34 Private nonguaranteed 24 17 204 222 296 283 294 387 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 225 206 180 176 207 352 367 362 Public and publicly guaranteed 204 190 105 96 115 246 215 207 Official creditors 163 104 63 53 42 78 73 81 Multilateral 95 84 57 50 39 68 63 70 of which: IBRD 27 12 3 3 3 3 2 3 IDA 0 0 0 0 0 0 0 0 Bilateral 67 20 5 3 3 10 10 11 Private creditors 42 86 43 42 73 168 142 126 of which: Bonds 37 80 39 37 68 152 131 116 Commercial banks 0 2 3 5 4 14 10 8 Private nonguaranteed 21 16 74 80 92 106 152 155 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -110 490 773 507 1,410 790 -1,217 870 Net flows on external debt -148 549 841 218 931 758 -1,218 1,038 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 3 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 258 232 253 231 218 182 173 165 Interest 71 62 53 45 37 32 27 24 Private creditors Principal 969 802 741 603 238 309 159 121 Interest 229 188 130 100 68 54 41 34 Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates. Short-term debt is based on reports provided by the country. 121 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 18,899 12,138 11,912 12,764 13,865 12,568 11,702 11,430 Long-term external debt 14,562 10,546 10,866 11,605 12,237 11,036 11,251 10,696 Public and publicly guaranteed 11,902 9,063 9,965 10,823 11,646 10,622 10,980 10,416 Private nonguaranteed 2,660 1,482 900 782 591 414 271 280 Use of IMF credit 427 549 198 150 173 188 352 383 Short-term external debt 3,910 1,043 848 1,010 1,455 1,344 99 351 interest arrears on long-term 1,020 79 848 1,010 1,455 1,344 99 44 Memorandum items Principal arrears on long-term 2,686 169 1,499 2,033 2,497 2,218 183 122 Long-term public sector debt 11,901 9,063 9,965 10,823 11,646 10,622 10,980 10,416 Long-term private sector debt 2,661 1,482 900 782 591 414 271 280 Public & publicly guaranteed commitments 716 72 40 58 162 73 144 0 External debt flows Disbursements 924 148 55 116 140 118 359 127 Long-term external debt 743 148 55 116 77 54 58 72 IMF purchases 181 0 0 0 62 64 301 55 Principal repayments 625 481 255 217 345 829 841 258 Long-term external debt 539 442 164 160 298 784 697 248 IMF repurchases 86 39 91 57 47 44 143 10 Net flows 935 -617 -308 -101 -206 -711 -482 176 Long-term external debt 204 -294 -109 -44 -221 -731 -639 -176 Short-term external debt 636 -283 -108 0 0 0 0 307 Interest payments 421 539 50 50 84 221 266 124 Long-term external debt 390 462 46 49 82 216 264 122 IMF charges 8 3 1 1 1 5 2 0 Short-term external debt 23 74 3 0 0 0 0 2 2. Other non-debt resource inflows Foreign direct investment 211 235 312 319 427 446 381 418 Portfolio equity 1 1 14 2 2 2 -9 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 51.9 53.4 55.6 56.2 58.6 57.6 Japanese yen 1.4 1.4 1.3 1.2 1.1 1.6 2.0 2.3 Pound sterling 0.9 0.6 0.4 0.4 0.4 0.3 0.4 0.4 Swiss franc 0.5 0.2 0.2 0.2 0.2 0.2 0.0 0.0 U.S.dollars 22.0 53.7 37.7 35.9 34.1 33.0 34.0 35.2 4. Average terms of new commitments Official creditors Interest (%) 1.9 0.8 1.7 0.2 4.8 1.7 3.7 0.0 Maturity (years) 29.8 46.2 20.0 7.8 15.3 20.5 21.3 0.0 Grace period (years) 8.5 9.6 5.7 1.7 4.4 5.7 6.6 0.0 Private creditors Interest (%) 14.5 0.0 0.0 0.0 0.5 0.0 0.0 0.0 Maturity (years) 19.6 0.0 0.0 0.0 11.7 0.0 0.0 0.0 Grace period (years) 0.1 0.0 0.0 0.0 3.7 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 10,013 9,715 15,643 16,589 18,913 22,434 22,078 21,729 Exports of goods, services & income 4,526 4,512 8,724 9,518 9,820 11,651 11,702 .. Worker remit. & comp. of employees 151 119 163 167 185 199 185 179 Imports of goods, services & income 4,782 4,423 8,222 8,508 9,616 10,867 9,917 .. Profit remittances on FDI 204 284 370 478 531 581 .. .. Current account balance -492 -241 40 479 -139 452 1,670 .. International reserves 529 674 1,367 1,798 2,519 2,253 3,267 3,624 6. Ratios External debt stocks to exports (%) 417.5 269.0 136.5 134.1 141.2 107.9 100.0 .. External debt stocks to GNI (%) 188.7 124.9 76.2 76.9 73.3 56.0 53.0 52.6 Debt service to exports (%) 23.1 22.6 3.5 2.8 4.4 9.0 9.5 .. Short-term to external debt stocks (%) 20.7 8.6 7.1 7.9 10.5 10.7 0.8 3.1 Multilateral to external debt stocks (%) 20.6 24.4 25.9 26.1 25.0 23.0 20.3 19.5 Reserves to external debt stocks (%) 2.8 5.6 11.5 14.1 18.2 17.9 27.9 31.7 Reserves to imports (months) 1.3 1.8 2.0 2.5 3.1 2.5 4.0 .. 122 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 14,562 10,546 10,866 11,605 12,237 11,036 11,251 10,696 Public and publicly guaranteed 11,902 9,063 9,965 10,823 11,646 10,622 10,980 10,416 Official creditors 9,217 6,669 7,673 8,384 9,062 8,123 8,914 8,673 Multilateral 3,900 2,958 3,087 3,330 3,471 2,892 2,374 2,228 of which: IBRD 1,573 599 423 456 479 117 42 14 IDA 813 1,366 1,763 1,847 1,909 1,797 1,781 1,749 Bilateral 5,317 3,711 4,586 5,054 5,591 5,232 6,540 6,445 Private creditors 2,685 2,394 2,292 2,439 2,584 2,499 2,066 1,743 of which: Bonds 0 2,343 2,159 2,293 2,425 2,346 1,931 1,621 Commercial banks 2,630 14 133 146 160 152 135 118 Private nonguaranteed 2,660 1,482 900 782 591 414 271 280 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 743 148 55 116 77 54 58 72 Public and publicly guaranteed 670 148 21 88 57 35 36 49 Official creditors 669 148 21 88 57 35 36 48 Multilateral 340 148 11 71 35 24 23 45 of which: IBRD 19 0 0 0 0 0 0 0 IDA 226 76 0 0 0 13 13 40 Bilateral 329 0 10 17 22 10 13 3 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 73 0 34 28 20 19 22 24 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 539 442 164 160 298 784 697 248 Public and publicly guaranteed 514 329 21 14 112 588 532 168 Official creditors 479 283 21 13 112 588 532 166 Multilateral 286 143 20 12 106 587 504 127 of which: IBRD 199 57 0 0 30 377 73 25 IDA 0 0 0 0 16 117 41 41 Bilateral 193 140 0 1 6 1 28 39 Private creditors 36 46 0 0 0 0 0 2 of which: Bonds 0 46 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 2 Private nonguaranteed 25 113 143 146 187 196 165 80 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 390 462 46 49 82 216 264 122 Public and publicly guaranteed 257 342 3 2 41 183 241 107 Official creditors 252 189 3 2 41 183 241 105 Multilateral 172 78 3 2 41 183 238 24 of which: IBRD 135 32 0 0 10 83 6 1 IDA 5 8 0 0 8 61 14 13 Bilateral 81 111 0 0 1 1 3 81 Private creditors 5 153 0 0 0 0 0 2 of which: Bonds 0 153 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 2 Private nonguaranteed 133 120 43 47 41 33 23 15 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,503 -1,032 -1,287 852 1,101 -1,297 -866 -272 Net flows on external debt 935 -617 -308 -101 -206 -711 -482 176 9. Debt restructurings Total amount rescheduled 381 72 0 0 0 0 3,078 530 Total amount forgiven 322 29 0 0 0 0 1,103 180 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,393 761 529 531 533 535 524 776 Interest 242 244 240 225 208 191 173 155 Private creditors Principal 303 289 262 254 246 242 237 134 Interest 23 19 15 12 10 7 5 3 Notes: Data on long-term public debt for 2010 are World Bank staff estimates. 123 DJIBOUTI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 272.4 258.1 406.4 469.2 675.3 698.5 755.3 751.3 Long-term external debt 268.9 238.3 378.9 441.2 653.4 680.4 737.2 738.7 Public and publicly guaranteed 268.9 238.3 378.9 441.2 653.4 680.4 737.2 738.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 13.4 18.7 18.0 16.1 17.4 15.8 12.1 Short-term external debt 3.5 6.4 8.9 10.0 5.8 0.7 2.3 0.5 interest arrears on long-term 3.5 6.4 8.9 10.0 5.8 0.7 2.3 0.5 Memorandum items Principal arrears on long-term 13.1 22.4 21.3 26.3 40.2 2.2 6.9 2.2 Long-term public sector debt 268.9 238.3 378.9 441.2 653.4 680.4 737.2 738.7 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 0.0 48.6 87.6 41.1 22.7 38.4 24.3 48.8 External debt flows Disbursements 18.4 11.3 26.5 63.7 39.0 52.0 69.6 37.3 Long-term external debt 18.4 7.7 26.5 63.7 39.0 45.9 67.4 37.3 IMF purchases 0.0 3.6 0.0 0.0 0.0 6.1 2.3 0.0 Principal repayments 9.2 10.7 11.9 18.5 17.1 21.8 26.7 25.7 Long-term external debt 9.2 8.4 11.0 16.9 14.3 17.5 22.5 22.4 IMF repurchases 0.0 2.3 0.8 1.6 2.8 4.3 4.2 3.3 Net flows 9.2 0.7 14.7 45.2 22.0 30.2 42.9 11.5 Long-term external debt 9.2 -0.7 15.5 46.8 24.7 28.4 44.9 14.9 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 2.0 2.6 3.8 5.0 6.6 7.8 8.3 8.2 Long-term external debt 2.0 2.2 3.7 4.9 6.5 7.7 8.2 8.2 IMF charges 0.0 0.4 0.1 0.1 0.1 0.1 0.1 0.0 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 3.2 3.3 22.2 108.3 195.4 227.7 96.9 26.8 Portfolio equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.1 16.8 33.9 31.6 30.5 28.3 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 12.4 16.2 34.2 32.7 25.8 25.5 24.7 24.7 4. Average terms of new commitments Official creditors Interest (%) 0.0 2.3 1.3 1.8 3.9 2.9 2.5 1.9 Maturity (years) 0.0 29.9 38.0 10.9 24.8 20.8 26.3 24.2 Grace period (years) 0.0 6.9 9.0 6.5 5.8 5.0 7.3 6.0 Private creditors Interest (%) 0.0 0.0 6.9 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 11.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 2.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 515.0 567.0 775.8 853.9 935.9 1072.5 1120.1 .. Exports of goods, services & income 220.7 218.4 319.8 341.5 341.7 411.3 436.4 453.6 Worker remit. & comp. of employees 11.9 12.3 25.8 28.5 28.6 30.3 32.5 32.7 Imports of goods, services & income 263.5 287.1 372.3 436.8 592.3 716.5 593.6 498.3 Profit remittances on FDI 4.6 4.2 5.9 5.9 4.2 5.0 6.5 0.0 Current account balance 17.5 -19.0 20.1 -16.6 -171.4 -225.4 -71.1 50.5 International reserves 72.2 67.8 89.3 120.3 132.1 175.5 241.8 249.0 6. Ratios External debt stocks to exports (%) 123.4 118.1 127.1 137.4 197.6 169.8 173.1 165.6 External debt stocks to GNI (%) 52.9 45.5 52.4 54.9 72.2 65.1 67.4 .. Debt service to exports (%) 5.0 6.1 4.9 6.9 6.9 7.2 8.0 7.5 Short-term to external debt stocks (%) 1.3 2.5 2.2 2.1 0.9 0.1 0.3 0.1 Multilateral to external debt stocks (%) 50.1 53.6 66.1 65.2 51.4 51.9 52.9 54.5 Reserves to external debt stocks (%) 26.5 26.3 22.0 25.6 19.6 25.1 32.0 33.1 Reserves to imports (months) 3.3 2.8 2.9 3.3 2.7 2.9 4.9 6.0 124 DJIBOUTI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 268.9 238.3 378.9 441.2 653.4 680.4 737.2 738.7 Public and publicly guaranteed 268.9 238.3 378.9 441.2 653.4 680.4 737.2 738.7 Official creditors 268.9 238.3 373.3 418.0 622.6 653.0 713.0 718.3 Multilateral 136.4 138.3 268.7 305.7 347.0 362.8 399.4 409.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 46.2 49.9 120.3 133.3 147.2 151.6 158.4 154.7 Bilateral 132.5 100.0 104.6 112.3 275.6 290.2 313.6 308.9 Private creditors 0.0 0.0 5.6 23.2 30.8 27.4 24.2 20.4 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 5.6 5.6 12.3 13.5 15.2 14.2 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 18.4 7.7 26.5 63.7 39.0 45.9 67.4 37.3 Public and publicly guaranteed 18.4 7.7 26.5 63.7 39.0 45.9 67.4 37.3 Official creditors 18.4 7.7 26.5 44.5 39.0 45.9 67.4 37.3 Multilateral 10.0 7.7 16.2 34.2 29.6 24.0 44.8 20.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.8 3.9 4.7 8.2 9.7 7.2 7.4 1.4 Bilateral 8.4 0.0 10.3 10.4 9.4 21.9 22.6 16.5 Private creditors 0.0 0.0 0.0 19.1 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 9.2 8.4 11.0 16.9 14.3 17.5 22.5 22.4 Public and publicly guaranteed 9.2 8.4 11.0 16.9 14.3 17.5 22.5 22.4 Official creditors 9.2 8.4 11.0 14.5 13.2 13.6 17.4 20.0 Multilateral 4.4 4.0 5.1 8.2 7.9 8.7 9.7 11.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.5 1.4 1.2 1.8 1.6 1.8 2.3 Bilateral 4.8 4.4 6.0 6.3 5.3 5.0 7.7 9.0 Private creditors 0.0 0.0 0.0 2.4 1.1 3.9 5.1 2.4 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 0.0 0.0 0.0 0.0 0.2 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 2.2 3.7 4.9 6.5 7.7 8.2 8.2 Public and publicly guaranteed 2.0 2.2 3.7 4.9 6.5 7.7 8.2 8.2 Official creditors 2.0 2.2 3.7 4.9 6.5 7.2 7.6 7.6 Multilateral 0.9 1.4 2.7 3.9 4.6 5.2 5.0 5.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.4 1.0 0.8 1.1 1.3 1.1 1.1 Bilateral 1.1 0.8 1.0 1.1 1.9 2.0 2.6 2.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.5 0.6 0.6 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 0.1 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 14.8 -9.6 -13.4 62.8 206.1 23.2 56.7 -3.9 Net flows on external debt 9.2 0.7 14.7 45.2 22.0 30.2 42.9 11.5 9. Debt restructurings Total amount rescheduled 0.0 2.1 0.0 0.0 0.0 58.2 8.7 17.0 Total amount forgiven 0.0 0.0 0.6 2.1 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 29.3 48.2 29.3 26.6 26.9 32.3 33.0 33.7 Interest 8.6 10.1 9.6 9.4 9.2 8.8 8.3 7.8 Private creditors Principal 5.5 5.5 1.2 1.2 1.2 1.2 0.1 0.3 Interest 0.6 0.4 0.3 0.2 0.2 0.1 0.0 0.0 Notes: Data on long-term public and publicly guaranteed debt include the effects of Paris Club debt restructuring agreement signed in 2008. 125 DOMINICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 103.3 164.8 273.7 253.3 289.2 301.2 256.3 266.7 Long-term external debt 94.9 145.8 221.6 217.3 214.0 203.2 198.7 216.0 Public and publicly guaranteed 94.9 145.8 221.6 217.3 214.0 203.2 198.7 216.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 1.7 0.0 11.6 14.0 12.1 15.0 19.6 18.2 Short-term external debt 6.7 19.0 40.6 22.0 63.0 83.0 37.9 32.5 interest arrears on long-term 0.2 0.0 8.6 11.0 14.0 17.0 17.9 1.5 Memorandum items Principal arrears on long-term 1.8 0.3 6.5 6.0 11.2 10.2 10.7 19.3 Long-term public sector debt 94.9 145.8 221.6 217.3 214.0 203.2 198.7 216.0 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 5.1 57.3 25.8 0.0 6.0 5.6 13.7 20.1 External debt flows Disbursements 9.5 56.2 8.0 6.5 4.9 11.1 13.4 29.4 Long-term external debt 9.5 56.2 4.5 3.1 4.9 7.9 8.3 29.4 IMF purchases 0.0 0.0 3.5 3.4 0.0 3.2 5.1 0.0 Principal repayments 4.4 6.7 10.0 11.2 13.0 12.9 15.7 11.1 Long-term external debt 3.6 6.7 9.6 9.6 10.5 12.9 14.9 10.0 IMF repurchases 0.9 0.0 0.4 1.6 2.5 0.0 0.8 1.1 Net flows 4.6 49.7 -37.0 -25.7 29.9 15.2 -48.3 29.4 Long-term external debt 5.9 49.5 -5.2 -6.4 -5.6 -5.0 -6.6 19.5 Short-term external debt -0.5 0.2 -35.0 -21.0 38.0 17.0 -46.0 11.0 Interest payments 2.4 4.1 6.2 6.8 6.6 6.2 5.1 4.5 Long-term external debt 2.0 3.0 4.6 5.5 4.9 4.3 4.4 4.1 IMF charges 0.0 0.0 0.2 0.2 0.1 0.2 0.1 0.0 Short-term external debt 0.4 1.1 1.5 1.1 1.6 1.7 0.6 0.3 2. Other non-debt resource inflows Foreign direct investment 54.1 17.6 19.2 25.9 40.5 56.5 41.3 30.8 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.4 4.0 3.4 2.7 3.4 3.0 Japanese yen 1.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 13.3 2.8 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 60.8 81.1 86.0 87.3 86.8 86.9 85.1 80.6 4. Average terms of new commitments Official creditors Interest (%) 2.6 5.2 2.4 0.0 0.8 1.2 2.1 2.6 Maturity (years) 26.4 21.3 21.9 0.0 34.5 31.1 26.8 18.5 Grace period (years) 8.8 6.9 7.6 0.0 10.0 8.4 8.6 5.1 Private creditors Interest (%) 0.0 1.9 0.0 0.0 0.0 3.5 0.0 0.0 Maturity (years) 0.0 9.2 0.0 0.0 0.0 15.6 0.0 0.0 Grace period (years) 0.0 2.3 0.0 0.0 0.0 2.6 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 210.7 231.8 270.3 300.7 324.8 353.7 359.8 364.4 Exports of goods, services & income 110.7 149.2 135.3 150.6 156.4 170.7 161.2 158.7 Worker remit. & comp. of employees 13.4 16.3 25.0 25.4 25.9 26.1 25.4 26.2 Imports of goods, services & income 158.9 227.1 231.0 220.0 264.5 314.1 282.3 275.4 Profit remittances on FDI 12.2 33.0 22.7 7.4 13.0 12.5 13.4 11.4 Current account balance -40.2 -59.8 -76.1 -49.9 -86.9 -124.3 -101.9 -96.8 International reserves 22.1 29.4 49.2 63.0 60.5 55.2 75.5 76.1 6. Ratios External debt stocks to exports (%) 93.3 110.5 202.3 168.2 184.9 176.4 159.0 168.0 External debt stocks to GNI (%) 49.0 71.1 101.3 84.2 89.0 85.2 71.2 73.2 Debt service to exports (%) 6.1 7.2 12.0 11.9 12.5 11.2 12.9 9.8 Short-term to external debt stocks (%) 6.5 11.5 14.8 8.7 21.8 27.6 14.8 12.2 Multilateral to external debt stocks (%) 62.2 50.6 46.0 47.9 41.8 38.9 46.0 43.6 Reserves to external debt stocks (%) 21.4 17.8 18.0 24.9 20.9 18.3 29.4 28.5 Reserves to imports (months) 1.7 1.6 2.6 3.4 2.7 2.1 3.2 3.3 126 DOMINICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 94.9 145.8 221.6 217.3 214.0 203.2 198.7 216.0 Public and publicly guaranteed 94.9 145.8 221.6 217.3 214.0 203.2 198.7 216.0 Official creditors 94.9 114.2 172.0 167.7 164.4 156.8 154.2 171.5 Multilateral 64.3 83.4 126.0 121.4 121.0 117.1 117.8 116.1 of which: IBRD 0.0 2.4 3.9 3.3 2.5 1.8 1.2 0.8 IDA 12.2 13.6 21.7 22.5 25.4 26.5 27.5 27.0 Bilateral 30.6 30.8 46.0 46.3 43.4 39.7 36.4 55.4 Private creditors 0.0 31.6 49.6 49.6 49.6 46.4 44.5 44.5 of which: Bonds 0.0 31.6 47.1 47.1 47.1 42.2 40.3 40.3 Commercial banks 0.0 0.0 0.0 0.0 0.0 1.7 1.7 1.7 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 9.5 56.2 4.5 3.1 4.9 7.9 8.3 29.4 Public and publicly guaranteed 9.5 56.2 4.5 3.1 4.9 7.9 8.3 29.4 Official creditors 9.5 25.7 4.5 3.1 4.9 6.2 8.3 29.4 Multilateral 3.5 19.3 3.9 2.6 4.7 6.2 6.0 7.4 of which: IBRD 0.0 0.7 0.3 0.0 0.0 0.0 0.0 0.0 IDA 0.1 -0.1 0.5 0.1 2.3 1.8 1.4 0.5 Bilateral 6.0 6.3 0.6 0.5 0.1 0.0 2.3 22.1 Private creditors 0.0 30.5 0.0 0.0 0.0 1.7 0.0 0.0 of which: Bonds 0.0 30.5 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 1.7 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 3.6 6.7 9.6 9.6 10.5 12.9 14.9 10.0 Public and publicly guaranteed 3.6 6.7 9.6 9.6 10.5 12.9 14.9 10.0 Official creditors 3.6 6.7 9.6 9.6 10.5 12.9 13.0 10.0 Multilateral 2.0 3.9 7.9 8.0 6.9 9.3 7.8 6.6 of which: IBRD 0.0 0.0 0.4 0.6 0.8 0.8 0.6 0.4 IDA 0.1 0.1 0.3 0.3 0.4 0.5 0.5 0.5 Bilateral 1.5 2.8 1.7 1.6 3.6 3.6 5.2 3.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 1.9 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 1.9 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 3.0 4.6 5.5 4.9 4.3 4.4 4.1 Public and publicly guaranteed 2.0 3.0 4.6 5.5 4.9 4.3 4.4 4.1 Official creditors 2.0 2.9 4.2 4.9 4.4 4.1 3.9 3.8 Multilateral 1.6 1.9 3.2 3.2 3.1 2.8 2.8 2.6 of which: IBRD 0.0 0.1 0.2 0.2 0.2 0.1 0.1 0.0 IDA 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 Bilateral 0.4 1.0 1.0 1.7 1.3 1.3 1.2 1.2 Private creditors 0.0 0.1 0.3 0.6 0.4 0.2 0.5 0.3 of which: Bonds 0.0 0.1 0.3 0.6 0.4 0.2 0.2 0.3 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.3 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 5.2 49.3 -30.7 -20.5 35.9 12.1 -44.9 10.4 Net flows on external debt 4.6 49.7 -37.0 -25.7 29.9 15.2 -48.3 29.4 9. Debt restructurings Total amount rescheduled 0.0 0.0 14.6 11.5 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.1 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 10.8 7.7 9.1 9.5 9.2 9.7 9.6 8.5 Interest 3.5 3.3 3.2 3.0 2.8 2.6 2.4 2.2 Private creditors Principal 0.1 0.1 0.1 30.7 0.1 0.1 0.1 0.1 Interest 3.0 3.0 3.0 3.0 0.2 0.2 0.2 0.2 127 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 4,447 4,541 7,072 8,553 10,142 10,119 11,046 13,045 Long-term external debt 3,672 3,311 5,770 6,634 7,118 7,689 8,600 9,958 Public and publicly guaranteed 3,653 3,311 5,769 6,221 6,273 6,846 7,757 9,115 Private nonguaranteed 19 0 2 414 845 843 843 843 Use of IMF credit 160 52 400 459 548 492 767 1,139 Short-term external debt 616 1,178 901 1,459 2,476 1,938 1,679 1,948 interest arrears on long-term 214 28 20 8 9 3 0 0 Memorandum items Principal arrears on long-term 320 56 144 32 13 15 0 0 Long-term public sector debt 3,626 3,299 5,761 6,214 6,268 6,841 7,753 9,111 Long-term private sector debt 46 13 9 420 851 848 847 846 Public & publicly guaranteed commitments 167 469 811 1,336 343 1,028 2,935 1,826 External debt flows Disbursements 195 303 894 1,701 1,427 1,420 1,700 2,591 Long-term external debt 195 303 674 1,560 1,250 1,298 1,391 2,061 IMF purchases 0 0 220 142 177 122 308 530 Principal repayments 234 257 763 1,023 927 863 817 817 Long-term external debt 200 257 763 918 813 699 770 670 IMF repurchases 34 0 0 105 114 164 47 147 Net flows 105 311 96 1,249 1,516 25 627 2,044 Long-term external debt -5 46 -88 642 437 600 622 1,392 Short-term external debt 143 265 -36 570 1,016 -532 -256 269 Interest payments 175 263 248 320 453 547 505 521 Long-term external debt 145 211 211 255 327 446 431 443 IMF charges 10 3 9 22 26 24 7 10 Short-term external debt 20 50 27 42 100 78 67 68 2. Other non-debt resource inflows Foreign direct investment 414 953 1,123 1,085 1,667 2,870 2,067 1,626 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.8 3.4 6.2 7.7 8.6 6.4 Japanese yen 7.7 5.0 2.8 2.1 1.8 2.0 1.9 1.6 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 63.7 73.8 86.9 88.0 85.9 85.4 85.4 88.9 4. Average terms of new commitments Official creditors Interest (%) 6.6 6.5 1.7 4.1 3.7 2.6 2.7 1.5 Maturity (years) 20.2 14.4 21.5 21.5 21.2 22.5 17.1 20.7 Grace period (years) 5.2 1.8 4.1 4.5 4.1 3.4 4.9 5.8 Private creditors Interest (%) 8.4 6.5 3.2 6.6 6.5 6.0 4.8 6.6 Maturity (years) 9.5 10.3 4.1 13.5 9.2 7.1 10.7 10.8 Grace period (years) 2.0 2.7 1.2 8.7 2.2 2.6 2.9 7.2 5. Major economic aggregates Gross national income (GNI) 15,589 22,955 32,102 34,100 39,234 43,684 44,829 49,789 Exports of goods, services & income 5,859 9,264 10,498 11,877 12,797 12,411 10,918 12,171 Worker remit. & comp. of employees 839 1,839 2,719 3,084 3,427 3,667 3,467 3,369 Imports of goods, services & income 7,034 12,193 13,668 16,309 18,364 20,443 16,382 19,724 Profit remittances on FDI 624 1,068 1,765 1,932 2,194 1,669 1,577 0 Current account balance -183 -1,027 -473 -1,287 -2,166 -4,519 -2,159 -4,435 International reserves 373 632 1,853 2,127 2,562 2,288 2,905 3,501 6. Ratios External debt stocks to exports (%) 75.9 49.0 67.4 72.0 79.3 81.5 101.2 107.2 External debt stocks to GNI (%) 28.5 19.8 22.0 25.1 25.8 23.2 24.6 26.2 Debt service to exports (%) 7.0 5.6 9.6 11.3 10.8 11.4 12.1 11.0 Short-term to external debt stocks (%) 13.8 25.9 12.7 17.1 24.4 19.1 15.2 14.9 Multilateral to external debt stocks (%) 23.2 24.9 25.6 22.2 18.6 18.6 23.6 23.6 Reserves to external debt stocks (%) 8.4 13.9 26.2 24.9 25.3 22.6 26.3 26.8 Reserves to imports (months) 0.6 0.6 1.6 1.6 1.7 1.3 2.1 2.1 128 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,672 3,311 5,770 6,634 7,118 7,689 8,600 9,958 Public and publicly guaranteed 3,653 3,311 5,769 6,221 6,273 6,846 7,757 9,115 Official creditors 2,996 2,565 3,146 3,497 3,626 4,353 5,327 6,165 Multilateral 1,033 1,132 1,807 1,901 1,886 1,883 2,608 3,074 of which: IBRD 282 292 405 438 472 449 748 864 IDA 17 14 11 10 9 9 8 7 Bilateral 1,962 1,433 1,339 1,596 1,741 2,469 2,718 3,091 Private creditors 657 746 2,623 2,724 2,646 2,493 2,431 2,950 of which: Bonds 520 506 1,147 1,452 1,326 1,201 1,076 1,721 Commercial banks 33 121 980 1,106 1,194 1,200 1,276 1,155 Private nonguaranteed 19 0 2 414 845 843 843 843 of which: Bonds 0 0 0 412 844 843 843 843 Disbursements 195 303 674 1,560 1,250 1,298 1,391 2,061 Public and publicly guaranteed 195 303 673 1,148 820 1,298 1,391 2,061 Official creditors 187 147 402 613 454 1,023 1,302 1,127 Multilateral 157 100 199 187 184 213 904 622 of which: IBRD 36 39 64 67 73 20 352 175 IDA 0 0 0 0 0 0 0 0 Bilateral 30 46 204 426 270 810 399 505 Private creditors 8 156 271 534 366 275 89 935 of which: Bonds 0 0 0 324 0 0 0 750 Commercial banks 8 90 227 193 357 272 85 170 Private nonguaranteed 0 0 2 412 431 0 0 0 of which: Bonds 0 0 0 412 431 0 0 0 Principal repayments 200 257 763 918 813 699 770 670 Public and publicly guaranteed 184 257 763 918 813 698 769 670 Official creditors 161 217 171 373 353 294 338 295 Multilateral 79 63 110 113 215 215 191 151 of which: IBRD 40 21 38 34 39 43 54 59 IDA 1 1 1 1 1 1 1 1 Bilateral 82 154 61 261 137 80 147 143 Private creditors 23 40 592 544 460 404 432 375 of which: Bonds 0 4 336 20 125 125 125 105 Commercial banks 3 18 163 173 291 242 288 252 Private nonguaranteed 16 0 0 0 0 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 145 211 211 255 327 446 431 443 Public and publicly guaranteed 143 211 211 253 271 337 323 334 Official creditors 120 158 108 142 147 136 150 155 Multilateral 51 58 82 90 98 87 83 91 of which: IBRD 20 22 21 23 25 24 22 30 IDA 0 0 0 0 0 0 0 0 Bilateral 69 100 26 52 50 48 67 64 Private creditors 23 53 103 112 123 202 173 179 of which: Bonds 13 38 16 45 56 125 113 134 Commercial banks 3 7 37 56 61 70 56 42 Private nonguaranteed 2 0 0 2 57 108 108 108 of which: Bonds 0 0 0 2 57 108 108 108 8. Debt stock-flow reconciliation Total change in external debt stocks 173 -145 -53 1,481 1,589 -22 926 1,999 Net flows on external debt 105 311 96 1,249 1,516 25 627 2,044 9. Debt restructurings Total amount rescheduled 2 0 1,209 203 0 0 0 0 Total amount forgiven 0 1 0 0 0 0 0 0 Debt buyback 0 0 316 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 638 531 696 866 504 483 422 399 Interest 134 128 121 101 80 71 63 55 Private creditors Principal 499 858 699 352 272 207 142 692 Interest 297 263 212 191 182 172 167 136 Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2005. Long-term private nonguaranteed debt data only cover Inter-American Development Bank and Bonds. 129 ECUADOR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 13,877 13,254 17,316 17,296 17,797 17,379 14,130 14,815 Long-term external debt 12,391 12,310 15,519 15,284 15,902 15,694 12,735 14,446 Public and publicly guaranteed 11,951 10,875 10,850 10,304 10,719 10,053 6,920 8,598 Private nonguaranteed 440 1,435 4,668 4,980 5,183 5,642 5,815 5,848 Use of IMF credit 173 148 78 23 0 0 0 0 Short-term external debt 1,312 797 1,719 1,990 1,894 1,685 1,396 369 interest arrears on long-term 12 3 1 0 0 31 37 37 Memorandum items Principal arrears on long-term 10 6 5 0 0 1 1 1 Long-term public sector debt 11,951 10,875 10,850 10,304 10,715 10,036 6,894 8,569 Long-term private sector debt 440 1,435 4,668 4,980 5,188 5,659 5,841 5,877 Public & publicly guaranteed commitments 1,162 404 1,328 1,303 1,248 17 166 4,890 External debt flows Disbursements 1,028 1,125 3,154 2,638 3,048 1,776 1,419 3,059 Long-term external debt 1,028 976 3,154 2,638 3,048 1,776 1,419 3,059 IMF purchases 0 150 0 0 0 0 0 0 Principal repayments 750 1,065 3,242 2,935 2,362 1,704 4,388 1,351 Long-term external debt 721 1,065 3,047 2,877 2,339 1,704 4,388 1,351 IMF repurchases 29 0 195 58 23 0 0 0 Net flows -173 -194 -234 -27 591 -168 -3,264 681 Long-term external debt 307 -89 106 -239 709 72 -2,969 1,708 Short-term external debt -451 -254 -145 271 -95 -240 -295 -1,027 Interest payments 656 813 957 1,271 1,325 1,009 642 498 Long-term external debt 565 708 842 1,175 1,227 926 578 484 IMF charges 10 4 7 3 1 0 0 0 Short-term external debt 81 102 107 93 97 84 64 14 2. Other non-debt resource inflows Foreign direct investment 452 -23 493 271 194 1,001 316 167 Portfolio equity 13 0 2 0 0 1 2 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.4 3.5 3.4 3.0 4.1 2.8 Japanese yen 4.1 4.5 3.5 3.4 3.1 2.6 3.3 2.6 Pound sterling 0.7 0.8 0.7 0.8 0.7 0.5 0.8 0.6 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 71.2 83.3 87.4 87.7 88.7 90.0 86.7 90.3 4. Average terms of new commitments Official creditors Interest (%) 6.2 6.9 6.6 6.7 5.4 3.0 3.3 5.1 Maturity (years) 16.4 17.2 8.1 16.7 20.9 18.7 23.2 12.0 Grace period (years) 6.0 5.2 2.9 4.5 4.2 2.2 5.6 3.7 Private creditors Interest (%) 7.9 7.5 9.3 6.0 0.0 6.3 0.0 0.0 Maturity (years) 12.0 9.9 10.0 10.7 0.0 12.6 0.0 0.0 Grace period (years) 2.5 2.5 9.8 1.9 0.0 3.1 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 19,281 14,530 35,245 39,813 43,742 53,088 56,091 64,195 Exports of goods, services & income 5,295 5,976 11,566 14,378 16,329 20,647 15,607 19,686 Worker remit. & comp. of employees 386 1,322 2,460 2,934 3,094 2,828 2,502 2,569 Imports of goods, services & income 6,736 6,403 13,880 15,863 17,924 22,506 18,372 23,790 Profit remittances on FDI 144 329 1,004 977 1,160 787 822 .. Current account balance -1,000 926 347 1,618 1,588 1,087 -268 -1,794 International reserves 1,788 1,179 2,148 2,026 3,521 4,473 3,792 2,622 6. Ratios External debt stocks to exports (%) 262.1 221.8 149.7 120.3 109.0 84.2 90.5 75.3 External debt stocks to GNI (%) 72.0 91.2 49.1 43.4 40.7 32.7 25.2 23.1 Debt service to exports (%) 26.6 31.4 36.3 29.3 22.6 13.1 32.2 9.4 Short-term to external debt stocks (%) 9.5 6.0 9.9 11.5 10.6 9.7 9.9 2.5 Multilateral to external debt stocks (%) 21.9 27.7 20.8 23.1 26.2 24.7 30.8 34.9 Reserves to external debt stocks (%) 12.9 8.9 12.4 11.7 19.8 25.7 26.8 17.7 Reserves to imports (months) 3.2 2.2 1.9 1.5 2.4 2.4 2.5 1.3 130 ECUADOR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 12,391 12,310 15,519 15,284 15,902 15,694 12,735 14,446 Public and publicly guaranteed 11,951 10,875 10,850 10,304 10,719 10,053 6,920 8,598 Official creditors 5,210 5,881 5,948 6,136 6,592 5,964 5,855 7,575 Multilateral 3,044 3,670 3,609 3,988 4,658 4,293 4,346 5,171 of which: IBRD 1,082 840 799 746 684 612 532 446 IDA 26 21 15 14 13 12 11 10 Bilateral 2,165 2,212 2,339 2,147 1,934 1,672 1,509 2,404 Private creditors 6,742 4,993 4,902 4,168 4,128 4,088 1,065 1,023 of which: Bonds 5,999 3,950 4,600 3,860 3,860 3,860 873 868 Commercial banks 385 910 241 212 194 163 134 105 Private nonguaranteed 440 1,435 4,668 4,980 5,183 5,642 5,815 5,848 of which: Bonds 10 0 0 0 0 0 0 0 Disbursements 1,028 976 3,154 2,638 3,048 1,776 1,419 3,059 Public and publicly guaranteed 818 595 991 928 1,357 353 384 2,307 Official creditors 733 524 318 844 1,333 343 382 2,305 Multilateral 593 446 316 840 1,323 339 377 1,229 of which: IBRD 319 69 39 21 8 5 0 3 IDA 0 0 0 0 0 0 0 0 Bilateral 141 78 2 4 9 5 5 1,076 Private creditors 85 71 674 83 24 10 2 2 of which: Bonds 0 0 650 0 0 0 0 0 Commercial banks 57 71 24 22 24 10 2 2 Private nonguaranteed 210 381 2,162 1,710 1,691 1,423 1,035 752 of which: Bonds 10 0 0 0 0 0 0 0 Principal repayments 721 1,065 3,047 2,877 2,339 1,704 4,388 1,351 Public and publicly guaranteed 711 548 922 1,585 1,028 962 3,526 633 Official creditors 486 397 802 772 963 914 501 589 Multilateral 235 324 409 481 685 733 321 403 of which: IBRD 98 89 74 74 70 77 81 89 IDA 1 1 1 1 1 1 1 1 Bilateral 252 73 393 291 277 180 180 185 Private creditors 225 151 120 813 65 49 3,025 44 of which: Bonds 10 0 0 740 0 0 2,987 6 Commercial banks 59 119 101 51 42 41 31 31 Private nonguaranteed 10 517 2,125 1,292 1,311 741 862 718 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 565 708 842 1,175 1,227 926 578 484 Public and publicly guaranteed 563 535 657 749 736 655 329 325 Official creditors 321 295 275 317 327 311 226 254 Multilateral 173 264 171 220 238 246 177 173 of which: IBRD 69 74 32 40 42 33 23 17 IDA 0 0 0 0 0 0 0 0 Bilateral 148 31 104 97 89 64 49 82 Private creditors 242 240 383 432 409 345 103 71 of which: Bonds 147 140 367 410 392 331 91 61 Commercial banks 50 89 12 16 10 9 7 6 Private nonguaranteed 1 172 185 426 492 270 248 159 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -1,084 -2,740 -133 -19 501 -418 -3,249 685 Net flows on external debt -173 -194 -234 -27 591 -168 -3,264 681 9. Debt restructurings Total amount rescheduled 5,818 4,674 0 0 0 0 0 0 Total amount forgiven 1,180 2,522 2 1 4 3 5 6 Debt buyback 0 0 0 0 0 0 2,987 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 987 1,158 925 866 584 644 714 674 Interest 270 297 281 255 230 214 187 159 Private creditors Principal 1,219 1,611 691 452 1,261 381 450 241 Interest 274 322 227 182 178 88 109 45 Notes: Short-term debt data from 2007 are based on reports provided by the country. 131 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 33,475 29,010 30,184 30,556 33,998 33,365 33,308 34,844 Long-term external debt 31,000 24,906 28,529 28,837 31,762 30,522 30,746 31,695 Public and publicly guaranteed 30,687 24,333 28,436 28,756 31,742 30,442 30,672 31,641 Private nonguaranteed 313 573 93 81 21 80 74 54 Use of IMF credit 103 0 0 0 0 0 0 0 Short-term external debt 2,372 4,104 1,656 1,720 2,236 2,842 2,561 3,149 interest arrears on long-term 4 0 2 1 1 0 0 0 Memorandum items Principal arrears on long-term 148 14 8 2 2 2 2 0 Long-term public sector debt 30,684 24,332 28,150 28,316 31,136 29,908 30,232 31,281 Long-term private sector debt 316 574 379 520 626 614 514 414 Public & publicly guaranteed commitments 207 981 3,053 2,369 1,437 2,650 2,185 3,846 External debt flows Disbursements 642 569 3,020 791 3,152 1,124 2,071 3,382 Long-term external debt 642 569 3,020 791 3,152 1,124 2,071 3,382 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 988 1,100 1,573 1,626 2,014 2,311 2,040 2,106 Long-term external debt 894 1,100 1,573 1,626 2,014 2,311 2,040 2,106 IMF repurchases 94 0 0 0 0 0 0 0 Net flows 92 -720 1,383 -770 1,654 -579 -250 1,864 Long-term external debt -251 -530 1,447 -835 1,138 -1,186 31 1,276 Short-term external debt 438 -189 -64 65 516 607 -281 588 Interest payments 1,393 733 699 840 907 934 870 867 Long-term external debt 1,252 619 616 744 795 821 767 741 IMF charges 9 0 0 0 0 0 0 0 Short-term external debt 132 113 83 96 112 113 102 126 2. Other non-debt resource inflows Foreign direct investment 598 1,235 5,376 10,043 11,578 9,495 6,712 6,386 Portfolio equity 0 269 729 502 -3,199 -674 393 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 32.6 35.1 35.5 34.3 35.4 31.2 Japanese yen 13.1 13.8 12.5 12.1 10.6 13.3 12.7 13.1 Pound sterling 1.4 1.2 1.9 2.0 1.8 1.3 1.3 1.1 Swiss franc 2.7 2.1 1.8 1.9 1.7 1.8 1.7 1.7 U.S.dollars 34.5 39.8 38.1 35.8 36.1 35.1 34.1 38.3 4. Average terms of new commitments Official creditors Interest (%) 3.1 4.7 5.2 4.5 2.2 3.0 1.4 0.9 Maturity (years) 22.0 21.7 18.8 21.3 16.5 21.6 21.3 25.7 Grace period (years) 6.6 5.9 7.6 7.1 6.5 6.0 7.0 6.7 Private creditors Interest (%) 6.5 5.8 4.4 2.2 6.4 1.3 5.1 6.0 Maturity (years) 4.3 4.3 7.6 5.3 6.6 3.7 6.4 16.6 Grace period (years) 2.4 3.1 7.1 3.1 4.8 2.4 1.4 16.4 5. Major economic aggregates Gross national income (GNI) 60,300 100,770 89,432 108,015 131,650 164,178 189,138 214,548 Exports of goods, services & income 14,838 18,735 32,141 39,241 47,707 57,826 45,601 49,365 Worker remit. & comp. of employees 3,226 2,852 5,017 5,330 7,656 8,694 7,150 7,725 Imports of goods, services & income 19,123 23,878 35,787 42,375 55,618 68,999 56,910 66,239 Profit remittances on FDI 228 92 647 915 1,015 680 2,101 .. Current account balance -254 -971 2,103 2,635 412 -1,415 -3,349 -4,435 International reserves 17,122 13,785 21,857 26,007 32,214 34,331 34,897 37,029 6. Ratios External debt stocks to exports (%) 225.6 154.8 93.9 77.9 71.3 57.7 73.0 70.6 External debt stocks to GNI (%) 55.5 28.8 33.8 28.3 25.8 20.3 17.6 16.2 Debt service to exports (%) 16.0 9.8 7.1 6.3 6.1 5.6 6.4 6.0 Short-term to external debt stocks (%) 7.1 14.1 5.5 5.6 6.6 8.5 7.7 9.0 Multilateral to external debt stocks (%) 12.0 13.5 16.8 18.1 21.9 22.3 25.3 25.9 Reserves to external debt stocks (%) 51.1 47.5 72.4 85.1 94.8 102.9 104.8 106.3 Reserves to imports (months) 10.7 6.9 7.3 7.4 7.0 6.0 7.4 6.7 132 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 31,000 24,906 28,529 28,837 31,762 30,522 30,746 31,695 Public and publicly guaranteed 30,687 24,333 28,436 28,756 31,742 30,442 30,672 31,641 Official creditors 28,934 23,794 25,662 26,437 28,772 27,855 28,372 27,863 Multilateral 4,022 3,915 5,076 5,536 7,443 7,446 8,412 9,019 of which: IBRD 1,320 639 492 544 1,181 1,255 1,850 2,543 IDA 1,035 1,266 1,420 1,481 1,490 1,444 1,400 1,338 Bilateral 24,912 19,879 20,585 20,901 21,328 20,409 19,959 18,844 Private creditors 1,753 540 2,774 2,318 2,970 2,588 2,301 3,778 of which: Bonds 0 0 1,829 1,576 2,199 2,184 1,883 3,333 Commercial banks 560 317 798 608 665 314 333 374 Private nonguaranteed 313 573 93 81 21 80 74 54 of which: Bonds 0 100 0 0 0 0 0 0 Disbursements 642 569 3,020 791 3,152 1,124 2,071 3,382 Public and publicly guaranteed 642 362 3,020 791 3,151 1,054 2,062 3,377 Official creditors 602 218 1,061 729 2,414 957 1,965 1,772 Multilateral 392 168 873 578 2,230 686 1,513 1,362 of which: IBRD 42 6 97 108 723 143 684 777 IDA 83 49 69 57 13 11 2 10 Bilateral 209 50 188 151 183 271 452 410 Private creditors 40 144 1,958 62 738 97 97 1,605 of which: Bonds 0 0 1,250 0 643 0 0 1,500 Commercial banks 31 132 707 60 83 93 97 104 Private nonguaranteed 0 207 0 0 0 70 9 5 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 894 1,100 1,573 1,626 2,014 2,311 2,040 2,106 Public and publicly guaranteed 832 984 1,573 1,625 1,953 2,300 2,021 2,080 Official creditors 542 863 1,346 1,354 1,869 1,831 1,909 2,014 Multilateral 310 298 427 370 669 573 619 589 of which: IBRD 198 87 77 66 97 77 89 83 IDA 14 23 41 42 47 50 52 54 Bilateral 232 564 919 984 1,199 1,259 1,290 1,425 Private creditors 290 121 227 271 84 469 112 66 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 91 57 201 254 36 437 86 46 Private nonguaranteed 62 116 0 1 61 11 20 25 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 1,252 619 616 744 795 821 767 741 Public and publicly guaranteed 1,228 603 612 725 793 818 765 740 Official creditors 1,121 573 545 581 673 705 645 572 Multilateral 232 147 136 174 229 259 230 200 of which: IBRD 114 41 21 27 47 58 55 41 IDA 7 9 11 11 11 11 10 10 Bilateral 889 425 409 406 444 446 414 372 Private creditors 106 31 68 145 120 112 120 168 of which: Bonds 0 0 51 106 84 85 112 157 Commercial banks 44 16 12 35 34 24 7 8 Private nonguaranteed 24 16 4 19 2 3 2 1 of which: Bonds 0 12 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 976 -1,875 -854 372 3,442 -633 -57 1,536 Net flows on external debt 92 -720 1,383 -770 1,654 -579 -250 1,864 9. Debt restructurings Total amount rescheduled 309 22 1 1 1 0 0 0 Total amount forgiven 54 25 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 3,111 3,714 3,430 3,047 3,021 2,735 1,585 1,625 Interest 599 550 490 424 362 310 267 234 Private creditors Principal 323 506 60 57 1,304 50 40 34 Interest 317 275 240 209 152 95 94 93 Notes: Short-term debt is based on the Central Bank data from 2001. Data on long-term private nonguaranteed debt are revised based on reports provided by the country. 133 EL SALVADOR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,509 4,467 9,265 10,168 9,807 10,601 10,102 11,069 Long-term external debt 1,984 2,822 7,409 8,878 8,515 9,059 9,239 9,964 Public and publicly guaranteed 1,979 2,710 4,786 5,589 5,435 5,743 6,100 6,394 Private nonguaranteed 5 111 2,622 3,289 3,079 3,316 3,139 3,569 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 525 1,645 1,856 1,289 1,292 1,542 863 1,105 interest arrears on long-term 3 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 6 0 0 0 0 0 0 0 Long-term public sector debt 1,972 2,705 4,782 5,585 5,432 5,739 6,097 6,392 Long-term private sector debt 11 117 2,626 3,293 3,083 3,319 3,142 3,572 Public & publicly guaranteed commitments 832 347 693 1,146 251 1,068 810 943 External debt flows Disbursements 206 371 1,222 1,643 251 1,042 1,216 1,055 Long-term external debt 206 371 1,222 1,643 251 1,042 1,216 1,055 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 160 157 405 671 550 488 685 602 Long-term external debt 160 157 405 671 550 488 685 602 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 383 807 894 405 -296 804 -148 694 Long-term external debt 46 214 817 972 -299 554 531 452 Short-term external debt 337 592 77 -567 3 250 -679 242 Interest payments 120 212 445 564 539 518 491 477 Long-term external debt 98 139 344 464 466 484 475 464 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 22 73 101 100 74 34 15 13 2. Other non-debt resource inflows Foreign direct investment 38 173 55 18 105 371 231 -6 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.5 3.3 3.8 3.4 3.2 2.8 Japanese yen 1.8 6.7 4.9 4.3 4.7 5.9 5.2 5.2 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 46.7 68.3 81.5 84.1 83.2 83.5 85.3 86.5 4. Average terms of new commitments Official creditors Interest (%) 6.5 7.2 5.1 6.0 5.6 5.5 2.5 2.2 Maturity (years) 22.3 18.6 18.8 18.3 21.9 10.7 24.8 19.8 Grace period (years) 5.2 4.0 2.2 4.0 3.3 3.3 4.9 3.9 Private creditors Interest (%) 6.1 9.6 7.7 7.6 0.0 4.1 0.0 0.0 Maturity (years) 26.3 9.2 30.4 27.9 0.0 2.0 0.0 0.0 Grace period (years) 5.8 2.3 30.4 27.9 0.0 2.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 9,404 12,881 16,491 18,123 19,801 21,571 20,437 20,815 Exports of goods, services & income 2,094 3,803 4,585 5,033 5,512 5,940 4,869 5,672 Worker remit. & comp. of employees 1,064 1,765 3,030 3,485 3,712 3,758 3,405 3,449 Imports of goods, services & income 3,744 6,031 8,242 9,270 10,474 11,219 8,615 9,759 Profit remittances on FDI 0 60 181 91 159 39 172 102 Current account balance -262 -431 -622 -766 -1,217 -1,532 -304 -488 International reserves 940 1,901 1,890 1,963 2,304 2,646 3,122 2,897 6. Ratios External debt stocks to exports (%) 119.8 117.5 202.1 202.0 177.9 178.5 207.5 195.1 External debt stocks to GNI (%) 26.7 34.7 56.2 56.1 49.5 49.1 49.4 53.2 Debt service to exports (%) 13.4 9.7 18.5 24.5 19.8 16.9 24.1 19.0 Short-term to external debt stocks (%) 20.9 36.8 20.0 12.7 13.2 14.5 8.5 10.0 Multilateral to external debt stocks (%) 54.7 42.5 26.2 24.7 25.6 26.1 31.4 31.9 Reserves to external debt stocks (%) 37.5 42.6 20.4 19.3 23.5 25.0 30.9 26.2 Reserves to imports (months) 3.0 3.8 2.8 2.5 2.6 2.8 4.3 3.6 134 EL SALVADOR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,984 2,822 7,409 8,878 8,515 9,059 9,239 9,964 Public and publicly guaranteed 1,979 2,710 4,786 5,589 5,435 5,743 6,100 6,394 Official creditors 1,870 2,505 3,067 3,141 3,160 3,475 3,836 4,175 Multilateral 1,374 1,900 2,431 2,507 2,507 2,770 3,170 3,526 of which: IBRD 307 309 436 417 401 400 569 915 IDA 20 16 12 11 10 9 9 8 Bilateral 496 605 636 633 653 705 666 648 Private creditors 109 205 1,719 2,448 2,275 2,267 2,264 2,220 of which: Bonds 0 82 1,636 2,344 2,242 2,174 2,174 2,199 Commercial banks 74 102 58 78 5 68 66 0 Private nonguaranteed 5 111 2,622 3,289 3,079 3,316 3,139 3,569 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 206 371 1,222 1,643 251 1,042 1,216 1,055 Public and publicly guaranteed 206 321 682 998 251 666 910 707 Official creditors 201 200 337 373 250 601 910 707 Multilateral 165 159 308 347 226 563 905 707 of which: IBRD 26 34 129 25 35 52 228 408 IDA 0 0 0 0 0 0 0 0 Bilateral 35 41 28 25 24 38 5 0 Private creditors 5 120 345 625 0 65 0 0 of which: Bonds 0 32 343 625 0 0 0 0 Commercial banks 5 87 0 0 0 65 0 0 Private nonguaranteed 0 51 540 645 0 376 306 348 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 160 157 405 671 550 488 685 602 Public and publicly guaranteed 157 124 244 457 340 349 557 453 Official creditors 123 120 228 330 280 346 554 386 Multilateral 78 87 184 287 241 305 508 341 of which: IBRD 21 17 40 44 51 53 59 63 IDA 1 1 1 1 1 1 1 1 Bilateral 45 33 44 43 39 41 45 44 Private creditors 33 4 16 127 60 4 4 68 of which: Bonds 0 0 0 121 30 0 0 0 Commercial banks 25 4 14 5 28 2 2 66 Private nonguaranteed 3 33 160 214 210 139 127 149 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 98 139 344 464 466 484 475 464 Public and publicly guaranteed 98 132 257 334 348 368 373 349 Official creditors 89 123 118 126 137 136 139 117 Multilateral 62 103 101 111 123 121 124 101 of which: IBRD 22 24 14 22 24 19 16 13 IDA 0 0 0 0 0 0 0 0 Bilateral 27 19 17 16 14 15 15 15 Private creditors 9 9 139 207 211 232 235 233 of which: Bonds 0 8 133 206 209 232 232 232 Commercial banks 7 1 6 1 2 0 3 1 Private nonguaranteed 0 7 87 131 117 116 102 115 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 412 778 748 903 -361 794 -499 967 Net flows on external debt 383 807 894 405 -296 804 -148 694 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 17 0 0 0 3 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 478 392 268 274 282 289 281 268 Interest 137 122 109 98 89 79 70 61 Private creditors Principal 1,176 679 605 359 289 219 184 145 Interest 330 271 235 214 197 184 173 164 Notes: Data on long-term private nonguaranteed debt for 2010 are World Bank staff estimates based on reports provided by the country. 135 ERITREA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 37 300 725 785 859 961 1,019 1,010 Long-term external debt 37 298 723 781 856 957 1,013 1,003 Public and publicly guaranteed 37 298 723 781 856 957 1,013 1,003 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 0 2 2 4 4 4 6 7 interest arrears on long-term 0 2 2 4 4 4 6 7 Memorandum items Principal arrears on long-term 0 5 14 21 18 8 13 21 Long-term public sector debt 37 298 723 781 856 957 1,013 1,003 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 111 174 0 39 46 80 49 0 External debt flows Disbursements 7 51 71 38 42 105 58 8 Long-term external debt 7 51 71 38 42 105 58 8 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 0 0 12 6 2 7 11 12 Long-term external debt 0 0 12 6 2 7 11 12 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 7 50 59 32 40 98 46 -4 Long-term external debt 7 50 59 32 40 98 46 -4 Short-term external debt 0 0 0 0 0 0 0 0 Interest payments 0 2 8 6 4 9 10 10 Long-term external debt 0 2 8 6 4 9 10 10 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment .. 28 -1 0 0 0 0 .. Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.3 5.4 5.5 4.7 4.4 4.0 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 66.3 57.0 68.5 68.1 67.9 66.6 67.8 67.4 4. Average terms of new commitments Official creditors Interest (%) 2.0 0.7 0.0 2.0 2.0 5.5 1.7 0.0 Maturity (years) 23.9 39.7 0.0 22.9 17.6 5.5 18.2 0.0 Grace period (years) 5.6 10.4 0.0 6.3 3.1 3.0 5.0 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) 586 634 1,089 1,202 1,311 1,368 1,839 2,097 Exports of goods, services & income 142 107 .. .. .. .. .. .. Worker remit. & comp. of employees .. 3 .. .. .. .. .. .. Imports of goods, services & income 498 510 .. .. .. .. .. .. Profit remittances on FDI 0 4 .. .. .. .. .. .. Current account balance -31 -105 .. .. .. .. .. .. International reserves 40 36 28 25 34 58 90 114 6. Ratios External debt stocks to exports (%) 25.8 280.7 .. .. .. .. .. .. External debt stocks to GNI (%) 6.3 47.3 66.5 65.3 65.6 70.3 55.4 48.2 Debt service to exports (%) 0.1 2.8 .. .. .. .. .. .. Short-term to external debt stocks (%) .. 0.7 0.2 0.5 0.4 0.5 0.6 0.7 Multilateral to external debt stocks (%) 66.3 50.6 70.4 71.6 71.3 66.9 64.5 64.5 Reserves to external debt stocks (%) 110.4 12.0 3.9 3.2 4.0 6.0 8.8 11.3 Reserves to imports (months) 1.0 0.8 .. .. .. .. .. .. 136 ERITREA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 37 298 723 781 856 957 1,013 1,003 Public and publicly guaranteed 37 298 723 781 856 957 1,013 1,003 Official creditors 37 298 690 745 815 917 972 965 Multilateral 24 152 510 562 613 644 658 651 of which: IBRD 0 0 0 0 0 0 0 0 IDA 24 84 381 419 457 473 477 468 Bilateral 12 146 180 183 201 274 315 313 Private creditors 0 0 33 37 41 40 41 38 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 7 51 71 38 42 105 58 8 Public and publicly guaranteed 7 51 71 38 42 105 58 8 Official creditors 7 51 71 37 42 104 58 8 Multilateral 5 39 70 33 28 32 12 8 of which: IBRD 0 0 0 0 0 0 0 0 IDA 5 32 57 20 21 23 4 4 Bilateral 2 12 1 4 14 72 46 0 Private creditors 0 0 0 0 0 1 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 0 12 6 2 7 11 12 Public and publicly guaranteed 0 0 12 6 2 7 11 12 Official creditors 0 0 12 6 2 7 11 12 Multilateral 0 0 7 4 1 5 7 8 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 3 3 4 Bilateral 0 0 5 2 0 1 4 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 Interest payments 0 2 8 6 4 9 10 10 Public and publicly guaranteed 0 2 8 6 4 9 10 10 Official creditors 0 2 8 6 4 9 10 10 Multilateral 0 1 6 5 4 5 5 5 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 3 4 3 3 3 4 Bilateral 0 1 3 1 0 4 5 5 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 8 47 19 60 74 102 57 -9 Net flows on external debt 7 50 59 32 40 98 46 -4 9. Debt restructurings Total amount rescheduled 0 0 0 0 17 21 5 0 Total amount forgiven 0 0 0 0 6 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 72 72 71 46 39 35 36 34 Interest 12 10 9 8 7 7 6 6 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2010 are World Bank staff estimates. 137 ETHIOPIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 10,322 5,495 6,208 2,277 2,620 2,879 5,030 7,147 Long-term external debt 9,788 5,339 5,928 2,201 2,571 2,829 4,817 6,545 Public and publicly guaranteed 9,788 5,339 5,928 2,201 2,571 2,829 4,817 6,545 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 73 77 160 0 0 0 168 288 Short-term external debt 460 79 120 76 49 50 45 314 interest arrears on long-term 437 65 36 36 32 32 32 30 Memorandum items Principal arrears on long-term 3,628 652 508 374 373 373 373 364 Long-term public sector debt 9,788 5,339 5,928 2,201 2,571 2,829 4,817 6,545 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 170 500 748 1,904 992 1,234 1,539 2,619 External debt flows Disbursements 232 185 527 370 376 379 2,310 1,882 Long-term external debt 232 185 527 370 376 379 2,145 1,760 IMF purchases 0 0 0 0 0 0 165 122 Principal repayments 92 85 40 89 88 72 62 130 Long-term external debt 92 72 36 89 88 72 62 130 IMF repurchases 0 13 4 0 0 0 0 0 Net flows 133 90 478 237 265 309 2,244 2,023 Long-term external debt 140 114 491 281 289 307 2,084 1,630 Short-term external debt -8 -11 -9 -44 -23 1 -5 271 Interest payments 63 53 54 49 45 40 42 62 Long-term external debt 61 52 49 47 44 39 40 50 IMF charges 0 0 1 0 0 0 0 0 Short-term external debt 1 1 3 3 1 1 1 13 2. Other non-debt resource inflows Foreign direct investment 14 135 265 545 222 109 221 184 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.6 14.9 17.5 16.9 8.5 10.1 Japanese yen 0.4 0.3 0.2 0.1 0.1 0.1 0.0 0.0 Pound sterling 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 29.0 75.8 72.4 63.6 58.3 55.3 68.8 70.3 4. Average terms of new commitments Official creditors Interest (%) 1.0 0.8 0.9 1.1 0.9 2.8 1.3 1.7 Maturity (years) 36.3 38.4 32.3 34.9 39.5 25.5 31.4 27.3 Grace period (years) 9.3 10.0 6.3 8.9 9.6 6.2 8.7 8.0 Private creditors Interest (%) 0.0 0.0 0.0 6.4 5.2 4.7 4.5 2.0 Maturity (years) 0.0 0.0 0.0 16.8 7.5 6.6 10.2 13.3 Grace period (years) 0.0 0.0 0.0 3.3 2.9 2.9 2.9 1.0 5. Major economic aggregates Gross national income (GNI) 7,545 8,119 12,271 15,126 19,567 26,662 31,921 29,625 Exports of goods, services & income 836 1,008 1,973 2,254 2,729 3,552 3,440 .. Worker remit. & comp. of employees 27 53 174 172 358 387 262 225 Imports of goods, services & income 1,533 1,673 4,943 5,314 6,945 9,653 9,089 .. Profit remittances on FDI 0 9 21 24 18 17 18 .. Current account balance 39 13 -1,568 -1,786 -828 -1,806 -2,191 .. International reserves 815 363 1,043 867 1,290 871 1,781 .. 6. Ratios External debt stocks to exports (%) 1,234.8 544.9 314.7 101.0 96.0 81.1 146.2 .. External debt stocks to GNI (%) 136.8 67.7 50.6 15.1 13.4 10.8 15.8 24.1 Debt service to exports (%) 18.5 13.7 4.7 6.2 4.9 3.1 3.0 .. Short-term to external debt stocks (%) 4.5 1.4 1.9 3.3 1.9 1.7 0.9 4.4 Multilateral to external debt stocks (%) 22.8 50.1 75.8 47.5 52.5 55.7 46.0 39.3 Reserves to external debt stocks (%) 7.9 6.6 16.8 38.1 49.2 30.2 35.4 .. Reserves to imports (months) 6.4 2.6 2.5 2.0 2.2 1.1 2.4 .. 138 ETHIOPIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 9,788 5,339 5,928 2,201 2,571 2,829 4,817 6,545 Public and publicly guaranteed 9,788 5,339 5,928 2,201 2,571 2,829 4,817 6,545 Official creditors 9,198 5,226 5,564 1,885 2,299 2,590 3,556 4,638 Multilateral 2,354 2,752 4,703 1,082 1,376 1,603 2,313 2,812 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,470 1,779 3,359 553 711 859 1,422 1,804 Bilateral 6,844 2,473 861 803 923 987 1,243 1,825 Private creditors 590 113 364 316 272 239 1,260 1,907 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 253 12 1 0 0 0 0 300 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 232 185 527 370 376 379 2,145 1,760 Public and publicly guaranteed 232 185 527 370 376 379 2,145 1,760 Official creditors 232 184 400 370 376 379 1,098 1,021 Multilateral 209 181 323 290 272 285 756 504 of which: IBRD 0 0 0 0 0 0 0 0 IDA 84 137 162 179 132 160 553 389 Bilateral 23 3 76 80 104 95 341 518 Private creditors 0 2 127 0 0 0 1,048 739 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 305 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 92 72 36 89 88 72 62 130 Public and publicly guaranteed 92 72 36 89 88 72 62 130 Official creditors 44 62 25 44 44 39 34 39 Multilateral 40 56 15 34 34 30 28 32 of which: IBRD 4 0 0 0 0 0 0 0 IDA 12 21 0 0 0 3 4 4 Bilateral 3 6 10 10 9 8 6 7 Private creditors 48 10 11 45 44 33 27 91 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 39 4 0 1 0 0 0 5 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 61 52 49 47 44 39 40 50 Public and publicly guaranteed 61 52 49 47 44 39 40 50 Official creditors 32 48 40 30 29 27 33 35 Multilateral 24 34 29 25 17 19 19 23 of which: IBRD 0 0 0 0 0 0 0 0 IDA 11 13 15 9 6 7 8 11 Bilateral 9 14 11 5 12 8 14 12 Private creditors 29 4 10 17 15 11 8 15 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 27 1 0 0 0 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 244 -62 -455 -3,931 343 259 2,151 2,118 Net flows on external debt 133 90 478 237 265 309 2,244 2,023 9. Debt restructurings Total amount rescheduled 30 0 168 0 0 0 0 0 Total amount forgiven 8 0 452 4,357 13 31 0 11 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 130 142 162 207 281 303 342 354 Interest 68 77 82 86 86 83 79 74 Private creditors Principal 231 236 252 246 230 209 185 185 Interest 35 35 32 29 24 19 16 13 Notes: Ethiopia was granted debt relief effective in 2006 under MDRI. 139 FIJI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 178.2 172.6 185.7 354.2 369.3 379.9 431.7 452.2 Long-term external debt 163.2 172.4 185.4 342.2 347.0 360.5 361.6 391.1 Public and publicly guaranteed 163.2 172.4 185.4 342.2 347.0 360.1 361.0 390.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.4 0.5 0.5 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 15.0 0.2 0.4 12.0 22.3 19.4 70.1 61.1 interest arrears on long-term 0.1 0.2 0.4 1.0 0.3 0.4 0.1 0.1 Memorandum items Principal arrears on long-term 0.0 0.0 0.0 2.0 1.5 2.2 0.0 0.0 Long-term public sector debt 163.2 99.5 112.5 269.3 274.1 287.2 288.1 317.7 Long-term private sector debt 0.0 72.9 72.9 72.9 72.9 73.3 73.4 73.4 Public & publicly guaranteed commitments 10.5 0.0 25.0 170.7 0.0 0.0 17.6 131.2 External debt flows Disbursements 15.2 7.1 14.1 162.8 12.6 13.4 15.2 32.6 Long-term external debt 15.2 7.1 14.1 162.8 12.6 13.4 15.2 32.6 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 31.2 16.9 8.5 7.6 10.4 7.8 9.8 7.6 Long-term external debt 31.2 16.9 8.5 7.6 10.4 7.8 9.8 7.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -17.1 -9.8 -47.5 166.2 13.2 2.6 56.5 15.9 Long-term external debt -16.0 -9.8 5.5 155.2 2.2 5.6 5.5 24.9 Short-term external debt -1.1 0.0 -53.0 11.0 11.0 -3.0 51.0 -9.0 Interest payments 11.2 7.7 5.5 6.2 16.9 16.1 15.0 14.2 Long-term external debt 10.3 7.7 5.5 5.7 16.1 15.8 14.4 13.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.9 0.0 0.0 0.6 0.8 0.3 0.6 0.9 2. Other non-debt resource inflows Foreign direct investment 70.0 0.6 155.7 412.4 337.8 309.4 56.1 128.9 Portfolio equity 0.0 0.0 1.7 -3.0 4.2 1.4 -1.1 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.3 1.3 1.3 1.1 0.6 0.5 Japanese yen 0.0 0.8 9.7 4.9 4.8 5.4 4.9 4.8 Pound sterling 3.3 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 0.8 49.0 64.2 81.2 83.4 82.7 83.3 80.6 4. Average terms of new commitments Official creditors Interest (%) 4.5 0.0 4.3 2.0 0.0 0.0 0.7 1.0 Maturity (years) 12.0 0.0 24.7 20.4 0.0 0.0 31.6 15.3 Grace period (years) 4.5 0.0 5.2 0.4 0.0 0.0 8.1 3.8 Private creditors Interest (%) 0.0 0.0 0.0 6.9 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1931.1 1717.4 3050.1 2982.2 3304.9 3537.2 2829.1 2983.4 Exports of goods, services & income 1139.1 1023.2 1615.3 1546.6 1653.0 1922.3 1393.5 .. Worker remit. & comp. of employees 32.9 44.0 185.1 184.7 160.5 123.4 153.8 183.3 Imports of goods, services & income 1254.7 .. 2088.3 2343.1 2316.6 2749.6 1809.8 .. Profit remittances on FDI 83.7 0.0 114.7 162.5 116.9 56.9 30.3 .. Current account balance -112.7 .. -299.8 -599.0 -482.0 -644.8 -236.0 .. International reserves 349.3 412.0 321.3 313.3 528.3 322.2 570.0 720.5 6. Ratios External debt stocks to exports (%) 15.6 16.9 11.5 22.9 22.3 19.8 31.0 .. External debt stocks to GNI (%) 9.2 10.1 6.1 11.9 11.2 10.7 15.3 15.2 Debt service to exports (%) 3.7 2.4 0.9 0.9 1.6 1.2 1.8 .. Short-term to external debt stocks (%) 8.4 0.1 0.2 3.4 6.0 5.1 16.2 13.5 Multilateral to external debt stocks (%) 84.0 51.4 49.5 27.3 27.5 28.6 24.0 25.6 Reserves to external debt stocks (%) 196.0 238.7 173.0 88.5 143.1 84.8 132.0 159.3 Reserves to imports (months) 3.3 .. 1.8 1.6 2.7 1.4 3.8 .. 140 FIJI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 163.2 172.4 185.4 342.2 347.0 360.5 361.6 391.1 Public and publicly guaranteed 163.2 172.4 185.4 342.2 347.0 360.1 361.0 390.6 Official creditors 162.7 172.4 185.4 192.2 197.0 210.1 211.0 240.6 Multilateral 149.7 88.8 91.8 96.7 101.6 108.6 103.6 115.6 of which: IBRD 35.3 19.7 6.3 4.3 2.6 1.5 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 13.0 83.6 93.5 95.5 95.4 101.4 107.5 125.0 Private creditors 0.6 0.0 0.0 150.0 150.0 150.0 150.0 150.0 of which: Bonds 0.0 0.0 0.0 150.0 150.0 150.0 150.0 150.0 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 0.4 0.5 0.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 15.2 7.1 14.1 162.8 12.6 13.4 15.2 32.6 Public and publicly guaranteed 15.2 7.1 14.1 162.8 12.6 13.2 15.0 32.6 Official creditors 15.2 7.1 14.1 12.8 12.6 13.2 15.0 32.6 Multilateral 15.2 5.6 14.1 9.7 12.6 10.0 5.3 16.7 of which: IBRD 5.6 1.0 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 0.0 1.5 0.0 3.1 0.0 3.3 9.7 15.9 Private creditors 0.0 0.0 0.0 150.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 150.0 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 0.2 0.3 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 31.2 16.9 8.5 7.6 10.4 7.8 9.8 7.6 Public and publicly guaranteed 31.2 16.9 8.5 7.6 10.4 7.7 9.7 7.6 Official creditors 30.2 16.9 8.5 7.6 10.4 7.7 9.7 7.6 Multilateral 28.2 14.8 6.5 6.3 9.1 6.3 6.3 6.2 of which: IBRD 11.5 7.7 2.3 2.2 1.8 1.3 1.4 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 2.0 2.1 2.0 1.3 1.3 1.4 3.4 1.4 Private creditors 1.0 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 0.2 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 10.3 7.7 5.5 5.7 16.1 15.8 14.4 13.3 Public and publicly guaranteed 10.3 7.7 5.5 5.7 16.1 15.8 14.4 13.3 Official creditors 10.2 7.7 5.5 5.7 5.8 5.5 4.1 3.0 Multilateral 9.5 5.2 3.2 3.8 4.1 3.8 2.5 1.2 of which: IBRD 3.0 1.4 0.4 0.3 0.2 0.1 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 0.7 2.5 2.3 1.9 1.6 1.7 1.5 1.8 Private creditors 0.1 0.0 0.0 0.0 10.3 10.3 10.3 10.3 of which: Bonds 0.0 0.0 0.0 0.0 10.3 10.3 10.3 10.3 Commercial banks 0.1 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 -12.8 -19.0 -60.2 168.5 15.1 10.6 51.8 20.5 Net flows on external debt -17.1 -9.8 -47.5 166.2 13.2 2.6 56.5 15.9 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 2.2 0.0 4.1 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 87.8 15.1 18.1 18.2 19.6 25.3 24.7 23.9 Interest 5.7 4.1 3.9 3.7 3.5 3.2 2.8 2.5 Private creditors Principal 150.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Interest 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 141 GABON (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 4,361 3,902 3,877 4,187 2,845 2,173 2,130 2,331 Long-term external debt 3,977 3,457 3,562 3,697 2,599 2,055 2,022 2,158 Public and publicly guaranteed 3,977 3,457 3,562 3,697 2,599 2,055 2,022 2,158 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 97 89 68 57 25 0 0 0 Short-term external debt 287 355 247 434 221 118 108 174 interest arrears on long-term 0 63 187 344 6 10 5 6 Memorandum items Principal arrears on long-term 26 118 341 773 38 28 9 9 Long-term public sector debt 3,977 3,457 3,562 3,697 2,599 2,055 2,022 2,158 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 89 20 142 40 1,946 641 420 702 External debt flows Disbursements 279 51 18 87 1,089 108 260 482 Long-term external debt 222 34 18 87 1,089 108 260 482 IMF purchases 57 17 0 0 0 0 0 0 Principal repayments 216 198 136 128 2,280 642 315 307 Long-term external debt 165 188 111 114 2,246 617 315 307 IMF repurchases 52 10 25 14 34 25 0 0 Net flows 14 -363 -58 -11 -1,066 -641 -60 240 Long-term external debt 57 -154 -93 -27 -1,157 -509 -55 175 Short-term external debt -49 -216 60 30 125 -107 -5 65 Interest payments 240 154 57 42 386 228 148 138 Long-term external debt 217 124 52 36 377 224 144 133 IMF charges 5 4 3 3 3 1 0 0 Short-term external debt 17 26 2 3 6 4 4 5 2. Other non-debt resource inflows Foreign direct investment -315 -43 242 268 269 209 33 170 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 47.5 48.9 35.1 26.4 24.5 26.1 Japanese yen 0.9 0.8 0.5 0.5 0.4 0.5 0.2 0.2 Pound sterling 5.0 4.6 4.4 4.9 4.6 0.9 0.7 0.4 Swiss franc 0.8 0.5 0.2 0.2 0.2 0.0 0.0 0.0 U.S.dollars 11.5 29.1 36.2 34.6 44.7 54.4 55.1 54.7 4. Average terms of new commitments Official creditors Interest (%) 4.7 0.0 1.4 4.2 4.9 2.5 0.0 1.3 Maturity (years) 13.0 9.7 16.8 14.4 19.4 18.1 19.9 18.7 Grace period (years) 5.9 0.7 4.3 2.9 5.3 6.1 10.0 6.5 Private creditors Interest (%) 0.0 0.0 2.6 0.0 7.3 4.9 3.1 2.7 Maturity (years) 0.0 0.0 5.8 0.0 10.6 7.8 6.3 8.7 Grace period (years) 0.0 0.0 2.7 0.0 7.1 2.3 1.6 2.1 5. Major economic aggregates Gross national income (GNI) 4,293 4,289 7,708 8,187 10,082 12,684 9,874 11,467 Exports of goods, services & income 2,980 3,547 5,647 .. .. .. .. .. Worker remit. & comp. of employees 4 6 11 .. .. .. .. .. Imports of goods, services & income 2,423 2,483 3,395 .. .. .. .. .. Profit remittances on FDI 236 473 765 .. .. .. .. .. Current account balance 515 1,001 1,983 .. .. .. .. .. International reserves 153 194 675 1,122 1,238 1,935 1,993 1,736 6. Ratios External debt stocks to exports (%) 146.3 110.0 68.7 .. .. .. .. .. External debt stocks to GNI (%) 101.6 91.0 50.3 51.1 28.2 17.1 21.6 20.3 Debt service to exports (%) 15.3 9.9 3.4 .. .. .. .. .. Short-term to external debt stocks (%) 6.6 9.1 6.4 10.4 7.8 5.4 5.1 7.5 Multilateral to external debt stocks (%) 13.5 12.0 10.1 9.7 14.3 17.5 18.8 16.5 Reserves to external debt stocks (%) 3.5 5.0 17.4 26.8 43.5 89.0 93.6 74.5 Reserves to imports (months) 0.8 0.9 2.4 .. .. .. .. .. 142 GABON (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,977 3,457 3,562 3,697 2,599 2,055 2,022 2,158 Public and publicly guaranteed 3,977 3,457 3,562 3,697 2,599 2,055 2,022 2,158 Official creditors 3,778 3,338 3,443 3,576 1,464 994 926 905 Multilateral 588 468 393 408 406 381 401 384 of which: IBRD 110 64 30 19 12 20 18 22 IDA 0 0 0 0 0 0 0 0 Bilateral 3,190 2,871 3,050 3,168 1,058 613 525 521 Private creditors 199 119 119 121 1,135 1,062 1,096 1,253 of which: Bonds 0 0 0 0 1,000 946 901 879 Commercial banks 148 103 39 29 60 79 168 356 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 222 34 18 87 1,089 108 260 482 Public and publicly guaranteed 222 34 18 87 1,089 108 260 482 Official creditors 222 13 18 61 41 62 147 195 Multilateral 150 11 15 57 37 17 74 67 of which: IBRD 4 9 0 0 0 12 4 7 IDA 0 0 0 0 0 0 0 0 Bilateral 72 2 3 4 4 45 73 128 Private creditors 0 21 0 26 1,048 45 113 287 of which: Bonds 0 0 0 0 1,000 0 0 0 Commercial banks 0 21 0 0 37 45 107 236 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 165 188 111 114 2,246 617 315 307 Public and publicly guaranteed 165 188 111 114 2,246 617 315 307 Official creditors 90 160 63 84 2,207 506 231 187 Multilateral 43 44 54 56 51 53 59 75 of which: IBRD 12 13 7 12 8 3 6 2 IDA 0 0 0 0 0 0 0 0 Bilateral 48 116 9 28 2,156 453 173 112 Private creditors 75 27 48 30 39 111 83 120 of which: Bonds 0 0 0 0 0 50 44 23 Commercial banks 26 27 28 10 6 22 24 39 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 217 124 52 36 377 224 144 133 Public and publicly guaranteed 217 124 52 36 377 224 144 133 Official creditors 174 118 46 32 372 139 53 34 Multilateral 26 42 21 21 21 19 20 11 of which: IBRD 8 5 1 2 1 1 1 0 IDA 0 0 0 0 0 0 0 0 Bilateral 148 75 24 11 350 120 33 23 Private creditors 44 7 7 4 5 85 91 99 of which: Bonds 0 0 0 0 0 80 75 74 Commercial banks 26 7 5 3 2 4 14 25 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 189 -83 -183 310 -1,342 -672 -43 201 Net flows on external debt 14 -363 -58 -11 -1,066 -641 -60 240 9. Debt restructurings Total amount rescheduled 472 637 407 0 0 0 0 0 Total amount forgiven 41 0 0 0 89 9 0 0 Debt buyback 0 0 0 0 2,100 428 44 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 186 128 96 92 114 114 120 119 Interest 27 23 22 22 22 20 18 16 Private creditors Principal 119 180 180 155 151 140 988 75 Interest 97 103 101 96 91 85 81 6 Notes: Data on long-term public and publicly guaranteed debt before 2008 are World Bank staff estimates based on reports provided by the country and include the effects of Paris Club debt buyback agreement signed in 2007. 143 GAMBIA, THE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 426.1 483.4 659.8 710.1 692.0 365.1 459.6 470.2 Long-term external debt 385.5 438.0 616.5 674.4 664.0 336.8 387.6 394.8 Public and publicly guaranteed 385.5 438.0 616.5 674.4 664.0 336.8 387.6 394.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 25.8 18.1 20.8 17.8 6.3 12.3 28.6 31.1 Short-term external debt 14.8 27.3 22.4 17.9 21.6 15.9 43.4 44.2 interest arrears on long-term 0.7 0.0 1.4 0.9 0.6 1.9 2.4 2.2 Memorandum items Principal arrears on long-term 2.2 2.1 19.3 21.8 15.0 13.9 20.3 38.2 Long-term public sector debt 385.3 438.0 616.5 674.4 664.0 336.8 387.6 394.8 Long-term private sector debt 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 40.3 24.5 53.8 28.6 47.3 59.3 29.8 5.0 External debt flows Disbursements 23.0 29.7 54.3 51.4 46.0 43.6 49.3 46.9 Long-term external debt 23.0 20.7 54.3 51.4 39.9 37.3 33.5 43.9 IMF purchases 0.0 9.1 0.0 0.0 6.1 6.3 15.8 3.0 Principal repayments 21.7 14.3 18.1 20.8 23.7 10.3 11.3 12.5 Long-term external debt 15.5 12.7 16.1 16.8 20.1 10.3 11.3 12.5 IMF repurchases 6.2 1.6 2.0 4.0 3.7 0.0 0.0 0.0 Net flows -7.6 20.6 33.2 26.6 26.2 26.3 64.9 35.4 Long-term external debt 7.5 8.0 38.3 34.7 19.8 27.0 22.2 31.4 Short-term external debt -8.8 5.2 -3.0 -4.0 4.0 -7.0 27.0 1.0 Interest payments 6.3 7.3 10.4 9.2 9.9 6.8 7.5 7.1 Long-term external debt 5.2 6.0 9.4 8.3 8.8 5.8 7.0 6.6 IMF charges 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 Short-term external debt 0.9 1.2 0.9 0.9 1.0 0.9 0.4 0.5 2. Other non-debt resource inflows Foreign direct investment 7.8 .. 53.7 82.2 78.1 78.6 39.4 37.4 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.5 3.3 3.6 5.2 5.0 5.9 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 6.3 4.8 2.7 2.4 2.3 0.0 0.0 0.0 Swiss franc 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 43.5 51.2 55.2 54.2 48.0 50.8 46.6 47.1 4. Average terms of new commitments Official creditors Interest (%) 3.5 1.7 2.8 0.2 2.4 1.9 0.6 0.2 Maturity (years) 21.3 27.4 30.1 29.2 25.2 25.0 24.1 25.0 Grace period (years) 6.2 6.8 7.6 8.6 7.6 6.2 6.4 1.4 Private creditors Interest (%) 0.0 0.0 0.0 0.0 4.7 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 12.4 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 2.4 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 377.1 400.4 417.8 459.7 596.7 776.0 690.3 742.9 Exports of goods, services & income 181.0 .. 189.8 205.5 271.2 335.8 290.0 270.0 Worker remit. & comp. of employees .. .. 59.3 63.8 55.7 64.8 79.8 115.7 Imports of goods, services & income 241.4 .. 305.0 358.7 419.8 407.4 362.3 330.3 Profit remittances on FDI .. .. 26.9 32.9 38.4 42.8 11.7 11.5 Current account balance -8.2 .. -43.4 -65.6 -58.4 10.9 63.0 52.4 International reserves 106.1 109.4 98.3 120.6 142.8 116.5 224.2 201.6 6. Ratios External debt stocks to exports (%) 235.4 .. 347.7 345.6 255.1 108.7 158.4 174.1 External debt stocks to GNI (%) 113.0 120.7 157.9 154.5 116.0 47.0 66.6 63.3 Debt service to exports (%) 15.5 .. 15.0 14.6 12.4 5.1 6.5 7.2 Short-term to external debt stocks (%) 3.5 5.7 3.4 2.5 3.1 4.4 9.4 9.4 Multilateral to external debt stocks (%) 76.6 71.1 76.1 78.0 78.9 59.3 58.5 56.7 Reserves to external debt stocks (%) 24.9 22.6 14.9 17.0 20.6 31.9 48.8 42.9 Reserves to imports (months) 5.3 .. 3.9 4.0 4.1 3.4 7.4 7.3 144 GAMBIA, THE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 385.5 438.0 616.5 674.4 664.0 336.8 387.6 394.8 Public and publicly guaranteed 385.5 438.0 616.5 674.4 664.0 336.8 387.6 394.8 Official creditors 385.2 437.0 616.5 674.4 664.0 334.3 384.2 385.2 Multilateral 326.2 343.8 502.3 553.6 545.9 216.6 268.7 266.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 161.6 170.7 244.9 263.5 218.9 61.9 64.3 65.0 Bilateral 59.0 93.2 114.2 120.8 118.1 117.7 115.5 118.5 Private creditors 0.2 1.0 0.0 0.0 0.0 2.5 3.4 9.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.9 0.0 0.0 0.0 2.5 3.4 9.6 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 23.0 20.7 54.3 51.4 39.9 37.3 33.5 43.9 Public and publicly guaranteed 23.0 20.7 54.3 51.4 39.9 37.3 33.5 43.9 Official creditors 23.0 20.7 54.3 51.4 39.9 35.8 32.7 37.4 Multilateral 19.0 17.1 47.1 41.3 31.1 31.3 29.5 24.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 11.6 7.7 18.9 11.7 1.1 2.4 2.4 2.2 Bilateral 4.0 3.6 7.2 10.1 8.7 4.5 3.3 13.1 Private creditors 0.0 0.0 0.0 0.0 0.0 1.5 0.8 6.4 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 0.0 0.0 1.5 0.8 6.4 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 15.5 12.7 16.1 16.8 20.1 10.3 11.3 12.5 Public and publicly guaranteed 15.5 12.7 16.1 16.8 20.1 10.3 11.3 12.5 Official creditors 15.1 12.3 15.8 16.8 20.1 10.3 11.3 12.5 Multilateral 6.7 7.9 10.1 11.2 14.4 6.3 7.1 5.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.8 2.3 3.3 4.3 5.0 0.1 0.3 0.3 Bilateral 8.5 4.4 5.7 5.6 5.6 4.0 4.3 6.5 Private creditors 0.4 0.4 0.3 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 0.3 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 5.2 6.0 9.4 8.3 8.8 5.8 7.0 6.6 Public and publicly guaranteed 5.2 6.0 9.4 8.3 8.8 5.8 7.0 6.6 Official creditors 5.2 5.9 9.4 8.3 8.8 5.8 7.0 6.6 Multilateral 3.5 3.6 5.2 5.0 5.1 3.0 4.4 3.5 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.2 1.2 1.9 2.0 2.0 0.5 0.5 0.5 Bilateral 1.7 2.3 4.2 3.3 3.7 2.8 2.7 3.1 Private creditors 0.0 0.1 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 0.1 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 3.1 18.7 -13.4 50.3 -18.1 -326.9 94.5 10.6 Net flows on external debt -7.6 20.6 33.2 26.6 26.2 26.3 64.9 35.4 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 7.4 24.0 20.8 Total amount forgiven 0.0 0.0 0.7 0.2 14.4 228.4 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 20.9 21.6 23.1 25.6 28.0 26.4 26.3 25.7 Interest 6.0 6.1 6.0 5.8 5.5 5.1 4.7 4.3 Private creditors Principal 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 Interest 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.1 Notes: Data on long-term public and publicly guaranteed debt for 2009 have been revised based on reports provided by the country. 145 GEORGIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,240 1,638 1,909 2,297 2,610 7,352 8,270 9,238 Long-term external debt 1,039 1,316 1,626 1,625 1,784 5,943 6,676 7,224 Public and publicly guaranteed 1,039 1,274 1,494 1,466 1,544 2,914 3,470 4,081 Private nonguaranteed 0 42 132 159 241 3,029 3,207 3,143 Use of IMF credit 116 278 232 236 252 460 786 1,050 Short-term external debt 85 44 50 436 574 948 808 963 interest arrears on long-term 61 1 11 7 7 7 7 7 Memorandum items Principal arrears on long-term 211 179 151 69 32 28 28 28 Long-term public sector debt 1,039 1,264 1,493 1,466 1,544 2,914 3,470 4,081 Long-term private sector debt 0 52 133 159 241 3,029 3,207 3,143 Public & publicly guaranteed commitments 91 72 84 104 55 812 781 964 External debt flows Disbursements 174 65 187 216 235 1,149 1,488 1,487 Long-term external debt 98 65 146 175 193 893 1,147 1,190 IMF purchases 76 0 41 41 43 256 341 297 Principal repayments 0 68 157 234 143 458 502 532 Long-term external debt 0 42 103 185 103 423 474 510 IMF repurchases 0 26 54 49 40 35 28 22 Net flows -272 33 -30 372 231 1,065 846 1,111 Long-term external debt 98 23 43 -10 89 470 673 680 Short-term external debt -446 36 -60 389 138 374 -140 156 Interest payments 20 49 30 39 49 252 280 281 Long-term external debt 17 43 27 31 31 223 248 245 IMF charges 3 5 1 1 1 2 7 12 Short-term external debt 0 1 2 7 17 27 25 25 2. Other non-debt resource inflows Foreign direct investment .. 131 453 1,170 1,750 1,564 658 814 Portfolio equity .. 0 3 143 34 118 13 -20 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 20.2 15.5 17.4 9.2 8.0 8.1 Japanese yen 0.0 0.2 2.7 3.0 3.1 2.0 1.6 1.4 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.4 0.2 0.2 0.0 0.0 0.0 0.0 0.0 U.S.dollars 75.3 82.3 72.7 76.2 72.1 81.3 80.0 80.4 4. Average terms of new commitments Official creditors Interest (%) 1.5 1.1 0.8 1.4 0.8 1.3 1.0 2.3 Maturity (years) 32.3 32.0 40.3 34.8 26.9 25.4 30.9 20.0 Grace period (years) 9.6 8.9 10.7 8.8 10.2 8.7 7.8 5.4 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 7.5 0.0 9.9 Maturity (years) 0.0 0.0 0.0 0.0 0.0 5.0 0.0 5.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 5.0 0.0 5.0 5. Major economic aggregates Gross national income (GNI) 2,574 3,175 6,473 7,909 10,210 12,642 10,679 11,484 Exports of goods, services & income .. 844 2,451 2,893 3,664 4,183 3,630 4,480 Worker remit. & comp. of employees .. 274 346 485 695 732 714 806 Imports of goods, services & income .. 1,248 3,520 4,592 6,363 8,159 5,808 6,909 Profit remittances on FDI .. 0 116 94 298 361 263 471 Current account balance .. -269 -710 -1,176 -2,009 -2,916 -1,210 -1,333 International reserves 199 116 479 931 1,361 1,480 2,110 2,264 6. Ratios External debt stocks to exports (%) .. 194.1 77.9 79.4 71.2 175.8 227.8 206.2 External debt stocks to GNI (%) 48.2 51.6 29.5 29.0 25.6 58.2 77.4 80.4 Debt service to exports (%) .. 13.9 7.6 9.4 5.2 17.0 21.5 18.1 Short-term to external debt stocks (%) 6.9 2.7 2.6 19.0 22.0 12.9 9.8 10.4 Multilateral to external debt stocks (%) 19.7 29.2 42.9 39.4 38.9 16.2 18.6 19.5 Reserves to external debt stocks (%) 16.0 7.1 25.1 40.5 52.2 20.1 25.5 24.5 Reserves to imports (months) .. 1.1 1.6 2.4 2.6 2.2 4.4 3.9 146 GEORGIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,039 1,316 1,626 1,625 1,784 5,943 6,676 7,224 Public and publicly guaranteed 1,039 1,274 1,494 1,466 1,544 2,914 3,470 4,081 Official creditors 939 1,272 1,492 1,464 1,542 1,720 2,095 2,390 Multilateral 245 478 819 904 1,015 1,190 1,535 1,802 of which: IBRD 0 0 0 0 0 0 100 173 IDA 84 347 679 785 885 989 1,153 1,186 Bilateral 694 794 673 560 527 530 560 588 Private creditors 100 2 2 2 2 1,194 1,375 1,691 of which: Bonds 0 0 0 0 0 500 500 750 Commercial banks 0 0 0 0 0 692 874 940 Private nonguaranteed 0 42 132 159 241 3,029 3,207 3,143 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 98 65 146 175 193 893 1,147 1,190 Public and publicly guaranteed 98 37 76 119 100 725 678 815 Official creditors 98 37 76 119 100 225 427 401 Multilateral 96 25 60 88 82 202 385 346 of which: IBRD 0 0 0 0 0 0 100 73 IDA 85 18 54 76 72 121 168 67 Bilateral 2 13 16 31 18 23 42 55 Private creditors 0 0 0 0 0 500 250 414 of which: Bonds 0 0 0 0 0 500 0 250 Commercial banks 0 0 0 0 0 0 250 164 Private nonguaranteed 0 28 69 56 93 168 469 375 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 42 103 185 103 423 474 510 Public and publicly guaranteed 0 41 80 166 86 110 140 169 Official creditors 0 41 80 165 85 40 70 71 Multilateral 0 5 10 47 15 19 52 52 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 4 7 10 12 15 Bilateral 0 35 70 119 71 21 18 19 Private creditors 0 0 0 0 0 70 70 97 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 69 69 97 Private nonguaranteed 0 2 23 19 17 314 334 342 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 17 43 27 31 31 223 248 245 Public and publicly guaranteed 17 42 23 24 23 52 74 84 Official creditors 17 42 23 24 23 25 29 37 Multilateral 0 8 11 11 10 13 13 12 of which: IBRD 0 0 0 0 0 0 1 1 IDA 0 3 6 6 6 7 7 8 Bilateral 17 34 12 13 13 12 16 25 Private creditors 0 0 0 0 0 27 45 47 of which: Bonds 0 0 0 0 0 19 38 38 Commercial banks 0 0 0 0 0 8 8 10 Private nonguaranteed 0 1 4 6 8 171 174 160 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -210 -16 -156 388 313 4,742 919 967 Net flows on external debt -272 33 -30 372 231 1,065 846 1,111 9. Debt restructurings Total amount rescheduled 0 0 57 44 0 0 0 0 Total amount forgiven 0 0 0 109 2 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 51 51 60 81 99 107 119 138 Interest 34 37 39 39 38 37 35 34 Private creditors Principal 509 533 1,029 526 765 477 477 498 Interest 242 219 176 134 110 63 41 17 Notes: Data on long-term public and publicly guaranteed debt and long-term private nonguaranteed debt from 2008 to 2010 are World Bank staff estimates based on reports provided by the country. 147 GHANA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 5,495 6,116 6,780 3,320 4,855 5,382 6,331 8,368 Long-term external debt 4,227 5,251 5,776 2,019 3,424 3,873 4,737 5,727 Public and publicly guaranteed 4,200 4,994 5,776 2,019 3,424 3,873 4,737 5,727 Private nonguaranteed 27 257 0 0 0 0 0 0 Use of IMF credit 648 293 417 159 167 162 271 392 Short-term external debt 620 572 587 1,143 1,264 1,347 1,323 2,249 interest arrears on long-term 26 10 9 19 9 9 41 13 Memorandum items Principal arrears on long-term 86 25 19 40 25 23 27 37 Long-term public sector debt 4,200 4,994 5,776 2,019 3,424 3,873 4,737 5,727 Long-term private sector debt 27 257 0 0 0 0 0 0 Public & publicly guaranteed commitments 620 453 352 571 1,404 2,652 1,227 2,900 External debt flows Disbursements 570 397 516 635 1,413 598 1,022 1,280 Long-term external debt 528 362 477 519 1,413 598 918 1,155 IMF purchases 42 35 39 116 0 0 104 124 Principal repayments 292 254 186 153 97 85 101 120 Long-term external debt 184 217 155 153 97 85 101 120 IMF repurchases 108 37 32 0 0 0 0 0 Net flows 349 7 220 1,029 1,446 596 865 2,114 Long-term external debt 344 144 322 366 1,315 513 817 1,036 Short-term external debt 71 -136 -109 546 131 83 -56 954 Interest payments 95 134 96 84 82 145 131 200 Long-term external debt 57 95 73 55 49 112 99 144 IMF charges 10 1 2 0 1 1 1 0 Short-term external debt 28 38 21 29 32 32 31 56 2. Other non-debt resource inflows Foreign direct investment 107 166 145 636 855 1,220 1,685 2,527 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.1 10.6 9.7 10.7 12.8 13.3 Japanese yen 14.0 16.2 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 5.2 2.1 0.0 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.3 0.1 0.0 0.1 0.1 0.1 0.0 0.0 U.S.dollars 59.9 67.6 78.8 55.2 64.3 62.9 60.6 60.1 4. Average terms of new commitments Official creditors Interest (%) 1.5 1.4 0.8 1.0 1.3 1.9 1.2 1.3 Maturity (years) 34.8 34.7 43.0 35.0 25.9 22.6 28.1 27.5 Grace period (years) 9.4 8.9 10.3 8.4 6.2 5.6 7.4 7.6 Private creditors Interest (%) 6.4 6.2 0.8 3.0 8.5 4.7 2.7 1.9 Maturity (years) 6.6 10.2 40.2 11.6 10.1 10.7 14.0 18.4 Grace period (years) 1.3 2.7 10.7 2.1 10.0 2.6 2.4 5.3 5. Major economic aggregates Gross national income (GNI) 6,324 4,831 10,590 20,261 24,494 28,268 25,871 30,776 Exports of goods, services & income 1,596 2,456 3,952 5,183 6,088 7,156 7,711 9,490 Worker remit. & comp. of employees 17 32 99 105 117 126 114 136 Imports of goods, services & income 2,262 3,474 6,851 8,474 10,283 12,911 11,387 14,513 Profit remittances on FDI 17 17 94 92 135 172 241 396 Current account balance -144 -387 -1,105 -1,043 -2,151 -3,543 -1,598 -2,700 International reserves 804 309 1,897 2,269 .. .. .. .. 6. Ratios External debt stocks to exports (%) 344.4 249.0 171.6 64.1 79.7 75.2 82.1 88.2 External debt stocks to GNI (%) 86.9 126.6 64.0 16.4 19.8 19.0 24.5 27.2 Debt service to exports (%) 24.2 15.8 7.1 4.6 2.9 3.2 3.0 3.4 Short-term to external debt stocks (%) 11.3 9.4 8.7 34.4 26.0 25.0 20.9 26.9 Multilateral to external debt stocks (%) 54.3 59.9 74.4 37.2 31.7 34.3 34.8 31.3 Reserves to external debt stocks (%) 14.6 5.1 28.0 68.3 .. .. .. .. Reserves to imports (months) 4.3 1.1 3.3 3.2 .. .. .. .. 148 GHANA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 4,227 5,251 5,776 2,019 3,424 3,873 4,737 5,727 Public and publicly guaranteed 4,200 4,994 5,776 2,019 3,424 3,873 4,737 5,727 Official creditors 3,847 4,703 5,361 1,583 2,165 2,561 3,206 3,980 Multilateral 2,982 3,663 5,045 1,234 1,538 1,843 2,203 2,620 of which: IBRD 59 9 0 0 0 0 0 0 IDA 2,375 3,130 4,234 815 1,087 1,330 1,581 1,868 Bilateral 865 1,039 316 349 627 718 1,002 1,360 Private creditors 352 292 415 435 1,259 1,311 1,531 1,747 of which: Bonds 0 0 0 0 750 750 750 750 Commercial banks 97 57 264 287 321 334 567 796 Private nonguaranteed 27 257 0 0 0 0 0 0 of which: Bonds 0 250 0 0 0 0 0 0 Disbursements 528 362 477 519 1,413 598 918 1,155 Public and publicly guaranteed 528 362 477 519 1,413 598 918 1,155 Official creditors 414 340 425 479 567 485 658 844 Multilateral 284 223 404 335 274 355 353 446 of which: IBRD 0 0 0 0 0 0 0 0 IDA 242 204 305 266 231 257 241 308 Bilateral 130 117 21 143 293 130 305 398 Private creditors 115 22 51 40 846 113 259 311 of which: Bonds 0 0 0 0 750 0 0 0 Commercial banks 64 14 47 29 44 58 254 296 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 184 217 155 153 97 85 101 120 Public and publicly guaranteed 179 214 155 153 97 85 101 120 Official creditors 108 141 117 115 50 45 44 59 Multilateral 73 68 42 43 29 22 18 19 of which: IBRD 15 8 2 0 0 0 0 0 IDA 8 25 15 8 1 1 2 3 Bilateral 34 74 75 73 21 23 26 40 Private creditors 72 73 38 37 47 40 57 60 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 27 18 21 29 33 34 41 Private nonguaranteed 5 3 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 57 95 73 55 49 112 99 144 Public and publicly guaranteed 55 80 73 55 49 112 99 144 Official creditors 50 64 55 39 29 28 43 58 Multilateral 40 39 42 29 17 18 18 20 of which: IBRD 6 1 0 0 0 0 0 0 IDA 17 22 31 18 8 9 10 12 Bilateral 10 26 13 9 12 11 25 38 Private creditors 5 16 17 16 21 84 56 86 of which: Bonds 0 0 0 0 0 64 32 64 Commercial banks 0 4 11 11 15 14 16 17 Private nonguaranteed 2 14 0 0 0 0 0 0 of which: Bonds 0 14 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 394 -304 -284 -3,460 1,535 527 949 2,038 Net flows on external debt 349 7 220 1,029 1,446 596 865 2,114 9. Debt restructurings Total amount rescheduled 0 0 0 7 0 0 0 0 Total amount forgiven 0 0 94 4,649 0 15 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 279 320 314 302 311 205 212 224 Interest 61 66 68 66 63 60 57 53 Private creditors Principal 111 150 147 148 143 185 980 224 Interest 101 117 118 117 114 111 107 38 Notes: Long-term private nonguaranteed debt data only cover Bonds. Ghana was granted debt relief effective in 2006 under MDRI. 149 GRENADA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 127.0 201.4 405.9 499.1 537.2 553.8 558.6 576.0 Long-term external debt 112.4 179.8 391.3 454.8 480.5 480.6 497.2 494.8 Public and publicly guaranteed 112.4 179.8 391.3 454.8 480.5 480.6 497.2 494.8 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 8.4 9.5 7.7 13.0 23.0 29.1 Short-term external debt 14.6 21.6 6.3 34.8 49.0 60.2 38.3 52.1 interest arrears on long-term 6.6 4.5 4.3 5.8 12.0 11.2 13.3 25.1 Memorandum items Principal arrears on long-term 20.8 10.6 9.5 10.5 13.4 21.1 26.4 27.6 Long-term public sector debt 112.4 179.8 391.3 454.8 480.5 480.6 497.2 494.8 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 17.0 97.4 22.5 35.4 32.8 22.3 24.0 17.3 External debt flows Disbursements 4.9 77.6 38.5 35.0 24.3 39.1 37.6 27.5 Long-term external debt 4.9 77.6 38.5 32.7 24.3 30.5 25.6 21.1 IMF purchases 0.0 0.0 0.0 2.3 0.0 8.5 12.0 6.4 Principal repayments 5.6 10.1 5.6 7.4 8.4 10.8 11.3 14.3 Long-term external debt 5.6 10.1 5.6 5.8 6.2 7.9 9.1 14.3 IMF repurchases 0.0 0.0 0.0 1.6 2.2 2.9 2.3 0.0 Net flows -1.7 63.4 -28.1 54.6 23.8 40.3 2.2 15.2 Long-term external debt -0.8 67.5 32.9 27.0 18.1 22.7 16.5 6.8 Short-term external debt -1.0 -4.1 -61.0 27.0 8.0 12.0 -24.0 2.0 Interest payments 2.3 4.4 4.9 8.0 10.2 9.7 11.7 11.2 Long-term external debt 1.7 3.4 3.3 6.8 8.6 8.3 11.1 10.9 IMF charges 0.0 0.0 0.3 0.4 0.4 0.2 0.1 0.0 Short-term external debt 0.5 1.0 1.3 0.8 1.3 1.3 0.5 0.3 2. Other non-debt resource inflows Foreign direct investment 20.0 37.4 70.2 89.8 156.6 142.2 102.6 63.6 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 0.4 0.3 0.3 0.3 0.3 0.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 33.7 6.3 0.2 0.0 0.0 0.7 0.7 0.6 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 59.7 78.7 91.3 92.4 92.2 91.0 90.4 91.0 4. Average terms of new commitments Official creditors Interest (%) 2.6 3.8 2.8 1.8 2.6 2.6 2.6 3.1 Maturity (years) 28.2 24.4 26.9 30.7 27.5 19.5 25.7 21.6 Grace period (years) 5.6 7.2 5.3 9.7 7.5 3.3 6.8 5.9 Private creditors Interest (%) 0.0 5.0 0.0 5.3 0.0 0.0 0.0 0.0 Maturity (years) 0.0 12.5 0.0 5.1 0.0 0.0 0.0 0.0 Grace period (years) 0.0 7.2 0.0 3.1 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 262.9 395.8 525.6 535.6 567.3 632.6 578.0 583.3 Exports of goods, services & income 128.7 240.8 160.3 175.6 202.6 197.9 183.8 178.0 Worker remit. & comp. of employees 37.8 46.4 51.6 53.9 54.8 55.4 53.4 54.5 Imports of goods, services & income 187.6 349.0 435.9 444.5 493.1 509.5 435.4 440.5 Profit remittances on FDI 12.6 27.8 22.7 22.0 35.7 35.5 55.4 35.4 Current account balance -41.8 -88.1 -193.3 -226.7 -264.3 -274.5 -214.0 -218.2 International reserves 36.7 57.7 94.3 100.0 110.6 105.3 129.1 119.2 6. Ratios External debt stocks to exports (%) 98.7 83.6 253.2 284.3 265.1 279.9 304.0 323.6 External debt stocks to GNI (%) 48.3 50.9 77.2 93.2 94.7 87.5 96.6 98.7 Debt service to exports (%) 6.1 6.0 6.6 8.8 9.2 10.4 12.5 14.3 Short-term to external debt stocks (%) 11.5 10.7 1.6 7.0 9.1 10.9 6.9 9.0 Multilateral to external debt stocks (%) 39.6 31.4 27.3 25.7 28.2 31.1 33.3 33.0 Reserves to external debt stocks (%) 28.9 28.6 23.2 20.0 20.6 19.0 23.1 20.7 Reserves to imports (months) 2.4 2.0 2.6 2.7 2.7 2.5 3.6 3.2 150 GRENADA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 112.4 179.8 391.3 454.8 480.5 480.6 497.2 494.8 Public and publicly guaranteed 112.4 179.8 391.3 454.8 480.5 480.6 497.2 494.8 Official creditors 104.7 116.8 172.4 206.0 232.6 260.7 277.3 279.2 Multilateral 50.3 63.3 110.9 128.5 151.3 172.5 185.7 189.8 of which: IBRD 0.0 2.2 10.1 9.0 12.0 11.5 10.8 14.2 IDA 7.3 9.6 22.9 27.8 34.8 36.6 39.4 44.0 Bilateral 54.4 53.5 61.4 77.5 81.3 88.2 91.6 89.4 Private creditors 7.7 63.0 218.9 248.7 247.9 219.9 219.9 215.6 of which: Bonds 0.0 26.6 214.3 239.4 239.4 210.3 210.3 210.3 Commercial banks 0.3 32.2 2.4 8.8 8.3 8.3 8.3 4.0 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 4.9 77.6 38.5 32.7 24.3 30.5 25.6 21.1 Public and publicly guaranteed 4.9 77.6 38.5 32.7 24.3 30.5 25.6 21.1 Official creditors 4.9 19.8 38.5 25.5 24.3 30.5 25.6 21.1 Multilateral 3.4 11.7 22.7 20.5 24.3 27.8 20.1 20.4 of which: IBRD 0.0 1.9 2.8 0.1 4.3 0.9 0.7 5.1 IDA 0.0 0.8 3.6 4.0 6.0 2.5 2.9 5.6 Bilateral 1.5 8.1 15.8 5.0 0.0 2.7 5.5 0.7 Private creditors 0.0 57.8 0.0 7.3 0.0 0.0 0.0 0.0 of which: Bonds 0.0 26.6 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 30.0 0.0 7.3 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 Principal repayments 5.6 10.1 5.6 5.8 6.2 7.9 9.1 14.3 Public and publicly guaranteed 5.6 10.1 5.6 5.8 6.2 7.9 9.1 14.3 Official creditors 3.9 6.3 5.3 5.8 6.2 7.9 9.1 9.9 Multilateral 2.8 3.2 3.7 4.4 4.4 6.2 7.2 6.8 of which: IBRD 0.0 0.0 0.6 1.1 1.2 1.4 1.5 1.7 IDA 0.1 0.1 0.2 0.3 0.3 0.4 0.3 0.3 Bilateral 1.1 3.2 1.5 1.4 1.8 1.7 1.9 3.1 Private creditors 1.8 3.7 0.4 0.0 0.0 0.0 0.0 4.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.2 2.4 0.4 0.0 0.0 0.0 0.0 4.4 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 1.7 3.4 3.3 6.8 8.6 8.3 11.1 10.9 Public and publicly guaranteed 1.7 3.4 3.3 6.8 8.6 8.3 11.1 10.9 Official creditors 1.6 2.3 3.3 4.5 5.6 5.6 5.8 5.7 Multilateral 1.3 1.1 2.6 3.8 3.9 4.3 4.6 4.2 of which: IBRD 0.0 0.0 0.4 0.5 0.5 0.6 0.5 0.4 IDA 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3 Bilateral 0.2 1.3 0.7 0.7 1.6 1.3 1.2 1.5 Private creditors 0.2 1.1 0.0 2.3 3.0 2.6 5.4 5.2 of which: Bonds 0.0 0.0 0.0 2.3 2.3 2.1 5.1 5.1 Commercial banks 0.1 1.1 0.0 0.0 0.7 0.6 0.2 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 -2.0 65.6 -26.0 93.2 38.1 16.6 4.8 17.4 Net flows on external debt -1.7 63.4 -28.1 54.6 23.8 40.3 2.2 15.2 9. Debt restructurings Total amount rescheduled 0.0 0.0 208.7 13.2 1.5 1.4 0.0 0.0 Total amount forgiven 0.6 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 18.0 15.2 28.6 12.5 14.6 13.9 13.9 13.4 Interest 6.5 6.4 6.2 5.6 5.3 4.9 4.5 4.2 Private creditors Principal 2.9 5.6 0.0 0.0 0.0 0.0 0.0 0.0 Interest 11.9 21.1 21.0 28.1 28.1 37.4 37.4 39.7 151 GUATEMALA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 3,282 3,853 10,981 12,308 14,570 14,771 13,764 14,340 Long-term external debt 2,470 2,681 9,528 10,834 12,566 12,620 12,538 12,745 Public and publicly guaranteed 2,328 2,540 3,687 3,921 4,189 4,352 4,894 5,527 Private nonguaranteed 142 142 5,841 6,913 8,377 8,268 7,644 7,218 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 811 1,172 1,453 1,474 2,004 2,151 1,226 1,595 interest arrears on long-term 219 317 414 0 0 0 0 0 Memorandum items Principal arrears on long-term 257 224 131 0 0 0 0 0 Long-term public sector debt 2,328 2,540 3,687 3,921 4,189 4,352 4,894 5,527 Long-term private sector debt 142 142 5,841 6,913 8,377 8,268 7,644 7,218 Public & publicly guaranteed commitments 99 87 82 755 398 508 1,532 275 External debt flows Disbursements 200 210 2,184 2,240 2,738 1,037 934 1,442 Long-term external debt 200 210 2,184 2,240 2,738 1,037 934 1,442 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 213 188 705 831 1,034 1,009 1,019 913 Long-term external debt 213 188 705 831 1,034 1,009 1,019 913 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 140 56 1,316 1,844 2,234 175 -1,010 898 Long-term external debt -13 22 1,479 1,409 1,704 28 -85 529 Short-term external debt 153 34 -163 435 530 147 -925 369 Interest payments 145 202 550 634 739 747 665 674 Long-term external debt 113 152 497 575 668 672 622 618 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 32 50 53 59 70 75 43 56 2. Other non-debt resource inflows Foreign direct investment 75 230 509 592 745 754 600 687 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.5 2.3 2.1 1.9 1.7 1.3 Japanese yen 2.5 2.9 3.5 3.3 3.1 3.7 3.5 3.8 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 54.8 75.0 85.7 86.9 88.0 88.6 90.1 91.2 4. Average terms of new commitments Official creditors Interest (%) 4.2 7.2 5.4 5.6 5.9 4.3 1.6 3.7 Maturity (years) 30.9 19.2 25.8 23.0 19.4 20.1 23.2 28.2 Grace period (years) 7.9 4.7 5.1 4.1 3.9 4.0 6.3 4.8 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) 14,498 19,065 26,726 29,551 33,270 38,199 36,569 39,990 Exports of goods, services & income 2,870 4,077 7,069 8,036 9,270 10,264 9,572 11,070 Worker remit. & comp. of employees 358 596 3,067 3,700 4,236 4,460 4,019 4,229 Imports of goods, services & income 3,933 5,991 11,886 13,828 15,910 17,052 14,190 16,716 Profit remittances on FDI 95 248 370 608 819 886 951 997 Current account balance -572 -1,050 -1,241 -1,524 -1,786 -1,681 8 -826 International reserves 783 1,806 3,777 4,055 4,315 4,654 5,205 5,949 6. Ratios External debt stocks to exports (%) 114.3 94.5 155.4 153.2 157.2 143.9 143.8 129.5 External debt stocks to GNI (%) 22.6 20.2 41.1 41.6 43.8 38.7 37.6 35.9 Debt service to exports (%) 12.5 9.6 17.8 18.2 19.1 17.1 17.6 14.3 Short-term to external debt stocks (%) 24.7 30.4 13.2 12.0 13.8 14.6 8.9 11.1 Multilateral to external debt stocks (%) 30.4 38.0 18.3 19.7 19.7 20.5 26.0 29.4 Reserves to external debt stocks (%) 23.9 46.9 34.4 32.9 29.6 31.5 37.8 41.5 Reserves to imports (months) 2.4 3.6 3.8 3.5 3.3 3.3 4.4 4.3 152 GUATEMALA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,470 2,681 9,528 10,834 12,566 12,620 12,538 12,745 Public and publicly guaranteed 2,328 2,540 3,687 3,921 4,189 4,352 4,894 5,527 Official creditors 1,787 2,098 2,451 2,815 3,233 3,397 3,939 4,572 Multilateral 998 1,462 2,011 2,429 2,872 3,032 3,583 4,213 of which: IBRD 158 296 479 642 740 806 1,112 1,372 IDA 0 0 0 0 0 0 0 0 Bilateral 789 635 440 386 362 366 356 359 Private creditors 541 442 1,237 1,105 955 955 955 955 of which: Bonds 264 245 1,105 1,105 955 955 955 955 Commercial banks 61 0 0 0 0 0 0 0 Private nonguaranteed 142 142 5,841 6,913 8,377 8,268 7,644 7,218 of which: Bonds 0 0 50 50 50 55 5 5 Disbursements 200 210 2,184 2,240 2,738 1,037 934 1,442 Public and publicly guaranteed 200 210 144 581 599 396 807 879 Official creditors 128 210 144 581 599 396 807 879 Multilateral 87 157 131 572 594 386 783 858 of which: IBRD 13 51 34 199 136 133 379 335 IDA 0 0 0 0 0 0 0 0 Bilateral 41 53 13 9 6 10 24 21 Private creditors 73 0 0 0 0 0 0 0 of which: Bonds 59 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 Private nonguaranteed 0 0 2,041 1,659 2,139 641 127 563 of which: Bonds 0 0 0 0 0 5 0 0 Principal repayments 213 188 705 831 1,034 1,009 1,019 913 Public and publicly guaranteed 194 168 199 244 359 259 268 263 Official creditors 151 136 199 234 209 259 268 263 Multilateral 92 78 145 163 163 224 233 227 of which: IBRD 40 13 33 36 38 67 72 75 IDA 0 0 0 0 0 0 0 0 Bilateral 59 58 54 71 46 35 35 36 Private creditors 43 32 1 11 150 0 0 0 of which: Bonds 15 31 0 0 150 0 0 0 Commercial banks 17 0 0 0 0 0 0 0 Private nonguaranteed 19 20 506 587 675 750 751 651 of which: Bonds 0 0 0 0 0 0 50 0 Interest payments 113 152 497 575 668 672 622 618 Public and publicly guaranteed 108 133 203 227 249 256 257 283 Official creditors 80 110 102 127 148 168 169 195 Multilateral 52 84 87 114 137 158 160 187 of which: IBRD 14 21 19 28 37 40 41 51 IDA 0 0 0 0 0 0 0 0 Bilateral 29 26 15 13 11 10 9 8 Private creditors 28 23 101 101 101 88 88 88 of which: Bonds 23 22 101 101 101 88 88 88 Commercial banks 3 0 0 0 0 0 0 0 Private nonguaranteed 5 19 294 348 420 416 365 335 of which: Bonds 0 0 5 5 5 5 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 175 72 1,265 1,326 2,262 202 -1,007 575 Net flows on external debt 140 56 1,316 1,844 2,234 175 -1,010 898 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 538 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 287 277 283 313 317 318 323 327 Interest 118 112 105 98 91 84 77 69 Private creditors Principal 2,187 1,664 1,306 810 592 493 395 391 Interest 336 198 152 115 87 64 46 37 Notes: Data on long-term private nonguaranteed debt data are World Bank staff estimates. 153 GUINEA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 3,248 3,066 2,898 3,046 3,143 3,094 2,916 2,923 Long-term external debt 2,991 2,655 2,727 2,822 2,939 2,831 2,819 2,752 Public and publicly guaranteed 2,991 2,655 2,727 2,822 2,939 2,831 2,819 2,752 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 94 113 87 72 65 71 59 48 Short-term external debt 164 299 84 152 139 192 38 123 interest arrears on long-term 85 82 84 90 95 36 36 55 Memorandum items Principal arrears on long-term 372 322 306 311 271 126 127 201 Long-term public sector debt 2,991 2,655 2,727 2,822 2,939 2,831 2,819 2,752 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 215 76 39 9 1 0 0 0 External debt flows Disbursements 200 75 91 73 89 94 49 36 Long-term external debt 169 75 91 73 78 67 49 36 IMF purchases 31 0 0 0 11 28 0 0 Principal repayments 128 100 116 106 106 103 95 63 Long-term external debt 120 92 91 86 85 84 82 53 IMF repurchases 9 8 26 19 21 20 13 10 Net flows 99 -37 -25 29 -36 103 -200 39 Long-term external debt 50 -17 1 -14 -7 -17 -33 -16 Short-term external debt 27 -12 0 62 -18 112 -154 66 Interest payments 49 57 47 50 50 37 33 24 Long-term external debt 44 41 46 46 49 34 32 23 IMF charges 0 1 1 0 0 0 0 0 Short-term external debt 5 15 0 4 1 3 0 1 2. Other non-debt resource inflows Foreign direct investment 1 10 105 125 386 382 50 101 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 9.8 11.0 12.1 11.7 12.5 11.7 Japanese yen 3.5 3.1 2.0 1.7 1.6 1.9 1.7 1.7 Pound sterling 0.8 0.4 0.2 0.2 0.1 0.0 0.0 0.0 Swiss franc 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.3 U.S.dollars 48.4 60.5 63.8 63.1 63.3 66.0 65.3 65.4 4. Average terms of new commitments Official creditors Interest (%) 2.0 1.3 0.5 0.8 0.8 0.0 0.0 0.0 Maturity (years) 25.9 38.1 34.4 23.4 49.9 0.0 0.0 0.0 Grace period (years) 8.5 9.1 8.4 9.2 10.4 0.0 0.0 0.0 Private creditors Interest (%) 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,609 3,035 2,658 2,496 3,819 3,321 3,692 4,231 Exports of goods, services & income 713 758 933 1,098 1,313 1,455 1,144 1,549 Worker remit. & comp. of employees 1 1 42 54 151 72 64 60 Imports of goods, services & income 1,109 973 1,083 1,298 1,637 1,911 1,581 1,892 Profit remittances on FDI 23 8 .. .. 54 14 88 0 Current account balance -216 -140 -160 -221 -455 -438 -403 -327 International reserves 87 168 97 .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 455.5 404.7 310.8 277.5 239.4 212.7 254.8 188.8 External debt stocks to GNI (%) 90.0 101.0 109.0 122.1 82.3 93.2 79.0 69.1 Debt service to exports (%) 24.9 20.7 17.5 14.2 11.9 9.7 11.1 5.6 Short-term to external debt stocks (%) 5.0 9.7 2.9 5.0 4.4 6.2 1.3 4.2 Multilateral to external debt stocks (%) 45.0 52.7 60.3 59.1 59.4 59.7 62.7 61.5 Reserves to external debt stocks (%) 2.7 5.5 3.4 .. .. .. .. .. Reserves to imports (months) 0.9 2.1 1.1 .. .. .. .. .. 154 GUINEA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,991 2,655 2,727 2,822 2,939 2,831 2,819 2,752 Public and publicly guaranteed 2,991 2,655 2,727 2,822 2,939 2,831 2,819 2,752 Official creditors 2,908 2,626 2,693 2,785 2,895 2,801 2,784 2,716 Multilateral 1,460 1,615 1,747 1,800 1,866 1,848 1,827 1,798 of which: IBRD 0 0 0 0 0 0 0 0 IDA 847 982 1,205 1,259 1,305 1,288 1,269 1,248 Bilateral 1,448 1,011 947 985 1,029 953 957 918 Private creditors 82 29 33 37 44 30 35 37 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 25 0 5 8 15 18 23 25 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 169 75 91 73 78 67 49 36 Public and publicly guaranteed 169 75 91 73 78 67 49 36 Official creditors 169 75 89 70 72 63 45 33 Multilateral 161 70 41 33 41 45 16 19 of which: IBRD 0 0 0 0 0 0 0 0 IDA 59 29 32 22 21 22 0 0 Bilateral 8 5 48 37 32 18 29 13 Private creditors 0 0 2 3 6 4 4 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 3 6 4 4 4 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 120 92 91 86 85 84 82 53 Public and publicly guaranteed 120 92 91 86 85 84 82 53 Official creditors 105 92 91 86 85 84 82 53 Multilateral 35 51 49 46 46 58 58 30 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 11 9 10 12 25 27 0 Bilateral 70 40 42 40 39 25 23 23 Private creditors 15 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 Interest payments 44 41 46 46 49 34 32 23 Public and publicly guaranteed 44 41 46 46 49 34 32 23 Official creditors 43 41 44 43 44 28 25 17 Multilateral 15 24 20 18 18 18 14 6 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 7 9 8 9 10 7 0 Bilateral 28 17 24 25 26 10 10 11 Private creditors 1 0 2 3 5 6 8 6 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 3 5 6 8 6 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 136 -122 -238 148 97 -49 -178 7 Net flows on external debt 99 -37 -25 29 -36 103 -200 39 9. Debt restructurings Total amount rescheduled 130 0 0 0 41 86 17 13 Total amount forgiven 61 0 13 14 23 177 25 24 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 113 114 113 117 129 122 114 114 Interest 40 38 36 34 31 28 26 24 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 2 2 2 2 2 2 2 2 Notes: Data on long-term public and publicly guaranteed debt for 2010 are World Bank staff estimates. Data include the effects of Paris Club debt restructuring agreement signed in 2008. Data for 2007 and 2008 include the effects of Enhanced HIPC Initiative, in the amount of $14,757 thousand and $5,738 thousand respectively. 155 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 895 947 1,013 1,036 1,080 1,086 1,118 1,095 Long-term external debt 794 822 881 902 925 931 950 963 Public and publicly guaranteed 794 822 881 902 925 931 950 963 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 6 25 12 8 5 9 10 4 Short-term external debt 95 100 121 126 149 146 158 128 interest arrears on long-term 89 87 119 126 142 144 151 127 Memorandum items Principal arrears on long-term 251 219 256 252 245 270 318 266 Long-term public sector debt 794 822 881 902 925 931 950 963 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 22 27 9 0 0 0 0 0 External debt flows Disbursements 23 22 14 9 15 12 6 19 Long-term external debt 21 14 14 9 15 6 4 3 IMF purchases 2 9 0 0 0 6 3 16 Principal repayments 9 3 4 7 7 6 6 14 Long-term external debt 8 3 1 3 4 4 5 6 IMF repurchases 1 0 3 4 3 2 2 8 Net flows 13 29 9 0 16 0 5 -1 Long-term external debt 13 11 13 6 12 2 -1 -3 Short-term external debt -1 10 -1 -2 7 -5 5 -6 Interest payments 6 2 2 3 3 4 4 3 Long-term external debt 6 2 2 3 3 3 4 3 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 0 1 9 18 19 5 14 9 Portfolio equity .. .. .. .. 0 .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 10.4 11.1 12.1 11.4 11.6 9.5 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 6.6 11.0 12.6 5.1 5.4 5.6 5.7 4.8 U.S.dollars 38.3 34.0 46.7 52.3 50.0 50.6 50.9 54.6 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.9 0.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 39.8 37.9 45.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 10.3 10.1 10.3 0.0 0.0 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) 236 203 561 569 680 833 824 877 Exports of goods, services & income 30 .. 95 78 141 172 .. .. Worker remit. & comp. of employees 2 8 20 26 43 49 50 48 Imports of goods, services & income 110 .. 157 176 246 299 .. .. Profit remittances on FDI .. .. .. .. .. 0 .. .. Current account balance -35 .. -10 -40 -31 -29 .. .. International reserves 20 67 80 82 113 125 169 156 6. Ratios External debt stocks to exports (%) 3,024.9 .. 1,063.7 1,330.8 766.6 630.8 .. .. External debt stocks to GNI (%) 379.4 466.5 180.6 182.0 158.8 130.3 135.6 124.8 Debt service to exports (%) 52.4 .. 6.6 12.4 7.4 5.6 .. .. Short-term to external debt stocks (%) 10.6 10.6 11.9 12.2 13.8 13.5 14.1 11.7 Multilateral to external debt stocks (%) 41.3 41.9 45.1 46.4 47.3 46.8 45.3 44.9 Reserves to external debt stocks (%) 2.3 7.0 7.9 7.9 10.5 11.5 15.1 14.3 Reserves to imports (months) 2.2 .. 6.1 5.6 5.5 5.0 .. .. 156 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 794 822 881 902 925 931 950 963 Public and publicly guaranteed 794 822 881 902 925 931 950 963 Official creditors 763 822 881 902 925 931 950 963 Multilateral 370 397 457 481 511 508 507 492 of which: IBRD 0 0 0 0 0 0 0 0 IDA 210 228 284 297 315 309 304 289 Bilateral 393 425 424 421 414 423 443 471 Private creditors 31 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 Disbursements 21 14 14 9 15 6 4 3 Public and publicly guaranteed 21 14 14 9 15 6 4 3 Official creditors 21 14 14 9 15 6 4 3 Multilateral 19 14 14 9 15 6 4 3 of which: IBRD 0 0 0 0 0 0 0 0 IDA 9 14 11 5 11 4 1 0 Bilateral 2 0 0 0 0 0 0 0 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 Principal repayments 8 3 1 3 4 4 5 6 Public and publicly guaranteed 8 3 1 3 4 4 5 6 Official creditors 8 2 1 3 4 4 5 6 Multilateral 8 2 1 3 4 4 5 6 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 2 0 0 0 1 1 1 Bilateral 0 0 0 0 0 0 0 0 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 Interest payments 6 2 2 3 3 3 4 3 Public and publicly guaranteed 6 2 2 3 3 3 4 3 Official creditors 6 2 2 3 3 3 4 3 Multilateral 4 2 2 3 3 3 4 3 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 2 1 2 2 2 2 2 Bilateral 1 0 0 0 0 0 0 0 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 45 9 -92 23 44 6 32 -23 Net flows on external debt 13 29 9 0 16 0 5 -1 9. Debt restructurings Total amount rescheduled 14 0 0 0 0 0 0 117 Total amount forgiven 15 1 9 6 6 10 7 60 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 25 24 20 21 21 22 23 24 Interest 6 6 6 6 6 5 5 5 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2010 are World Bank staff estimates, and include the effects of Paris Club debt restructuring agreement signed in 2010. Data for 2008, 2009, and 2010 include the effects of Enhanced HIPC Initiative, in the amount of $7,311 thousand, $7,383 thousand, and $7,793 thousand respectively. 157 GUYANA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,116 1,364 1,216 1,141 736 829 1,037 1,354 Long-term external debt 1,794 1,128 1,043 923 584 676 783 888 Public and publicly guaranteed 1,794 1,124 1,041 923 584 676 781 888 Private nonguaranteed 0 4 2 0 0 0 2 0 Use of IMF credit 172 117 91 56 59 57 58 56 Short-term external debt 150 119 82 162 93 96 196 410 interest arrears on long-term 133 67 82 86 93 96 97 103 Memorandum items Principal arrears on long-term 114 65 66 76 75 75 78 82 Long-term public sector debt 1,794 1,124 1,041 923 584 676 781 888 Long-term private sector debt 0 4 2 0 0 0 2 0 Public & publicly guaranteed commitments 45 85 166 4 144 123 74 152 External debt flows Disbursements 59 73 131 136 101 139 105 124 Long-term external debt 45 64 104 109 101 139 105 124 IMF purchases 14 9 27 27 0 0 0 0 Principal repayments 74 39 24 15 16 16 8 17 Long-term external debt 50 23 16 15 16 16 8 16 IMF repurchases 24 17 8 0 0 0 0 1 Net flows -8 21 76 197 9 123 196 315 Long-term external debt -5 41 88 94 85 123 97 108 Short-term external debt 7 -13 -31 76 -76 0 99 208 Interest payments 35 30 11 16 12 11 12 14 Long-term external debt 31 26 10 14 9 10 11 11 IMF charges 3 1 0 0 0 0 0 0 Short-term external debt 1 3 1 2 2 0 1 3 2. Other non-debt resource inflows Foreign direct investment 74 67 77 102 152 168 144 188 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.1 2.7 4.6 3.5 2.9 2.2 Japanese yen 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 9.1 5.6 0.2 0.2 0.1 0.1 0.1 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 64.9 69.3 74.3 70.7 86.5 88.9 90.2 90.3 4. Average terms of new commitments Official creditors Interest (%) 1.5 2.0 1.3 1.9 1.0 1.6 1.6 1.2 Maturity (years) 38.7 40.0 30.5 29.8 36.6 28.4 29.1 26.0 Grace period (years) 10.4 10.5 9.2 7.6 9.0 4.1 4.7 4.9 Private creditors Interest (%) 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 31.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 8.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 567 661 804 1,502 2,027 2,251 2,325 2,561 Exports of goods, services & income 641 684 697 730 889 1,035 .. .. Worker remit. & comp. of employees 2 27 201 218 283 278 278 308 Imports of goods, services & income 838 813 960 1,127 1,288 1,556 .. .. Profit remittances on FDI .. 6 7 9 -7 0 .. .. Current account balance -135 -82 -96 -181 -112 -192 -231 -239 International reserves 269 305 252 280 313 356 631 782 6. Ratios External debt stocks to exports (%) 329.9 199.5 174.5 156.3 82.7 80.1 .. .. External debt stocks to GNI (%) 373.1 206.6 151.2 76.0 36.3 36.8 44.6 52.8 Debt service to exports (%) 17.0 10.1 4.9 4.3 3.1 2.6 .. .. Short-term to external debt stocks (%) 7.1 8.7 6.7 14.2 12.7 11.6 18.9 30.3 Multilateral to external debt stocks (%) 30.2 43.9 70.0 63.1 49.9 46.0 43.2 37.1 Reserves to external debt stocks (%) 12.7 22.3 20.7 24.5 42.6 42.9 60.9 57.8 Reserves to imports (months) 3.9 4.5 3.1 3.0 2.9 2.7 .. .. 158 GUYANA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,794 1,128 1,043 923 584 676 783 888 Public and publicly guaranteed 1,794 1,124 1,041 923 584 676 781 888 Official creditors 1,709 1,079 1,033 915 575 655 760 867 Multilateral 639 599 851 720 367 381 448 502 of which: IBRD 35 8 0 0 0 0 0 0 IDA 203 180 226 9 10 10 10 9 Bilateral 1,070 480 182 194 209 274 312 365 Private creditors 86 45 9 8 8 21 21 21 of which: Bonds 29 27 0 0 0 0 0 0 Commercial banks 37 6 4 4 4 3 4 4 Private nonguaranteed 0 4 2 0 0 0 2 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 45 64 104 109 101 139 105 124 Public and publicly guaranteed 45 64 104 109 101 139 105 124 Official creditors 45 64 104 109 101 139 105 124 Multilateral 41 64 71 77 67 56 69 64 of which: IBRD 0 0 0 0 0 0 0 0 IDA 18 6 2 0 1 0 0 0 Bilateral 4 0 33 32 33 83 36 59 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 Principal repayments 50 23 16 15 16 16 8 16 Public and publicly guaranteed 50 22 15 15 16 16 8 16 Official creditors 40 22 15 15 16 16 8 16 Multilateral 24 18 11 13 9 9 6 8 of which: IBRD 6 3 0 0 0 0 0 0 IDA 1 1 1 1 0 0 0 0 Bilateral 16 4 4 2 7 7 2 8 Private creditors 10 0 0 0 0 0 0 0 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 Interest payments 31 26 10 14 9 10 11 11 Public and publicly guaranteed 31 26 10 14 9 10 10 11 Official creditors 30 26 10 14 9 10 10 11 Multilateral 18 10 10 12 6 8 8 8 of which: IBRD 3 1 0 0 0 0 0 0 IDA 1 1 2 1 0 0 0 0 Bilateral 12 16 0 3 3 3 3 3 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 67 -48 -147 -75 -406 93 208 317 Net flows on external debt -8 21 76 197 9 123 196 315 9. Debt restructurings Total amount rescheduled 1 0 79 0 0 0 0 0 Total amount forgiven 0 14 175 298 429 13 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 24 26 31 34 40 43 46 47 Interest 14 15 14 14 13 13 12 11 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 159 HAITI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 821.1 1172.7 1327.0 1504.7 1580.1 1950.9 1325.2 491.8 Long-term external debt 765.7 1043.0 1277.9 1346.1 1524.6 1846.1 1158.8 479.0 Public and publicly guaranteed 765.7 1043.0 1277.9 1346.1 1524.6 1846.1 1158.8 479.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 28.7 39.4 21.4 32.5 55.6 104.8 166.4 12.7 Short-term external debt 26.6 90.3 27.7 126.0 0.0 0.0 0.0 0.1 interest arrears on long-term 1.0 1.0 14.7 18.0 0.0 0.0 0.0 0.1 Memorandum items Principal arrears on long-term 2.1 2.4 21.8 27.4 0.0 0.0 0.0 0.4 Long-term public sector debt 765.7 1043.0 1277.9 1346.1 1524.6 1846.1 1158.8 479.0 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 253.6 0.0 240.2 0.0 116.5 185.4 113.9 200.1 External debt flows Disbursements 128.3 50.7 92.8 98.3 150.9 406.2 272.5 410.9 Long-term external debt 103.5 50.7 77.5 83.4 97.0 355.8 212.0 286.1 IMF purchases 24.8 0.0 15.3 14.9 53.9 50.5 60.5 124.8 Principal repayments 65.7 23.9 38.2 38.1 56.5 34.3 29.6 122.5 Long-term external debt 33.7 18.1 33.6 33.7 23.3 34.3 26.5 122.5 IMF repurchases 32.0 5.7 4.5 4.4 33.2 0.0 3.1 0.0 Net flows 75.2 21.0 20.6 155.2 -13.6 372.0 242.9 288.5 Long-term external debt 69.8 32.5 43.9 49.7 73.7 321.5 185.5 163.7 Short-term external debt 12.6 -5.8 -34.0 95.0 -108.0 0.0 0.0 0.0 Interest payments 32.4 20.5 19.0 21.4 25.9 23.6 15.2 8.4 Long-term external debt 25.4 14.7 17.3 17.1 22.3 23.3 14.6 8.0 IMF charges 5.5 1.2 0.5 1.2 0.7 0.3 0.6 0.4 Short-term external debt 1.5 4.6 1.2 3.1 3.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 7.4 13.3 26.0 160.6 74.5 29.8 38.0 150.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.4 3.6 5.7 5.0 4.1 9.2 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 77.5 82.1 80.4 81.3 80.9 84.1 87.2 78.1 4. Average terms of new commitments Official creditors Interest (%) 1.2 0.0 1.0 0.0 1.8 1.0 1.0 1.0 Maturity (years) 39.9 0.0 39.4 0.0 34.0 25.0 24.9 25.0 Grace period (years) 10.4 0.0 10.3 0.0 8.2 3.0 3.0 3.0 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) .. .. 4227.9 4236.0 6126.1 6429.0 6491.3 6731.3 Exports of goods, services & income 192.4 503.7 605.1 707.8 801.0 861.0 963.9 836.2 Worker remit. & comp. of employees .. 578.0 986.2 1062.9 1222.1 1369.8 1375.5 1498.7 Imports of goods, services & income 832.3 1377.9 1887.9 2153.7 2404.1 2876.3 2831.2 4159.4 Profit remittances on FDI 3.8 .. .. .. .. .. .. .. Current account balance -87.1 -114.2 7.0 -85.1 -85.8 -289.1 -232.1 .. International reserves 198.8 182.5 133.8 253.9 453.1 542.5 790.0 1336.9 6. Ratios External debt stocks to exports (%) 426.8 232.8 219.3 212.6 197.3 226.6 137.5 58.8 External debt stocks to GNI (%) .. .. 31.4 35.5 25.8 30.3 20.4 7.3 Debt service to exports (%) 51.0 8.8 9.4 8.4 10.3 6.7 4.6 15.7 Short-term to external debt stocks (%) 3.2 7.7 2.1 8.4 .. .. .. 0.0 Multilateral to external debt stocks (%) 74.9 77.3 81.1 76.0 79.0 68.1 39.2 14.3 Reserves to external debt stocks (%) 24.2 15.6 10.1 16.9 28.7 27.8 59.6 271.8 Reserves to imports (months) 2.9 1.6 0.9 1.4 2.3 2.3 3.3 3.9 160 HAITI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 765.7 1043.0 1277.9 1346.1 1524.6 1846.1 1158.8 479.0 Public and publicly guaranteed 765.7 1043.0 1277.9 1346.1 1524.6 1846.1 1158.8 479.0 Official creditors 765.7 1043.0 1277.9 1346.1 1524.6 1846.1 1158.8 479.0 Multilateral 615.3 906.6 1075.7 1144.3 1248.3 1328.6 519.8 70.5 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 389.4 480.1 505.5 511.5 518.4 507.2 38.5 0.0 Bilateral 150.4 136.4 202.2 201.9 276.3 517.5 639.0 408.5 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 Disbursements 103.5 50.7 77.5 83.4 97.0 355.8 212.0 286.1 Public and publicly guaranteed 103.5 50.7 77.5 83.4 97.0 355.8 212.0 286.1 Official creditors 103.5 50.7 77.5 83.4 97.0 355.8 212.0 286.1 Multilateral 102.7 50.6 77.5 83.4 97.0 120.6 98.1 83.5 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 49.1 8.0 8.6 8.6 0.0 0.0 0.0 0.0 Bilateral 0.7 0.1 0.0 0.0 0.0 235.2 113.9 202.7 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 33.7 18.1 33.6 33.7 23.3 34.3 26.5 122.5 Public and publicly guaranteed 33.7 18.1 33.6 33.7 23.3 34.3 26.5 122.5 Official creditors 33.7 18.1 33.6 33.7 23.3 34.3 26.5 122.5 Multilateral 30.4 14.3 28.7 30.8 18.0 29.2 21.7 41.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 9.7 6.5 13.8 12.5 6.7 15.8 11.0 35.9 Bilateral 3.3 3.8 5.0 2.9 5.3 5.0 4.8 81.3 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 25.4 14.7 17.3 17.1 22.3 23.3 14.6 8.0 Public and publicly guaranteed 25.4 14.7 17.3 17.1 22.3 23.3 14.6 8.0 Official creditors 25.4 14.7 17.3 17.1 22.3 23.3 14.6 8.0 Multilateral 24.0 9.4 15.3 15.5 17.3 19.5 11.6 6.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 10.4 3.6 4.9 3.7 3.5 4.2 2.4 0.2 Bilateral 1.3 5.3 2.0 1.6 5.0 3.8 3.0 1.4 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 85.9 -16.3 16.0 177.7 75.5 370.8 -625.7 -833.4 Net flows on external debt 75.2 21.0 20.6 155.2 -13.6 372.0 242.9 288.5 9. Debt restructurings Total amount rescheduled 107.7 0.0 0.0 0.0 93.0 12.1 98.9 3.3 Total amount forgiven 11.2 0.0 0.0 1.1 32.3 17.8 936.0 1116.6 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 10.2 10.5 19.1 19.6 19.5 20.8 22.2 22.5 Interest 10.1 11.2 11.2 11.0 10.8 10.6 10.3 10.0 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 include the effects of Paris Club debt restructuring agreement signed in 2006 and 2009. Data for 2008, 2009, and 2010 include the effects of MDRI and HIPC debt relief, in the amount of $814 thousand, and $451,744 thousand, and $51 thousand respectively. In addition, the country's fiscal year-end for external debt data is September 2010, but data for 2010 include the effects of MDRI relief in October 2010 of $482 million. 161 HONDURAS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 4,851 5,402 5,225 4,203 3,305 3,505 3,674 4,168 Long-term external debt 4,370 4,813 4,645 3,666 2,615 2,957 3,325 3,740 Public and publicly guaranteed 4,247 4,253 4,137 3,031 1,991 2,301 2,445 2,798 Private nonguaranteed 123 560 509 635 624 657 880 942 Use of IMF credit 99 216 168 31 32 31 32 30 Short-term external debt 382 374 412 506 658 517 317 398 interest arrears on long-term 63 35 12 5 5 3 10 11 Memorandum items Principal arrears on long-term 197 72 47 25 22 32 30 37 Long-term public sector debt 4,223 4,233 4,137 3,031 1,991 2,301 2,445 2,798 Long-term private sector debt 147 580 509 635 624 657 880 942 Public & publicly guaranteed commitments 358 174 369 198 269 545 257 895 External debt flows Disbursements 379 368 496 357 385 649 703 873 Long-term external debt 349 347 481 342 385 649 703 873 IMF purchases 31 21 15 15 0 0 0 0 Principal repayments 352 261 280 203 234 277 341 453 Long-term external debt 308 256 264 203 234 277 341 451 IMF repurchases 44 5 15 0 0 0 0 2 Net flows 90 44 246 255 304 233 155 500 Long-term external debt 40 90 217 140 152 372 362 421 Short-term external debt 62 -63 30 101 152 -139 -207 80 Interest payments 226 131 105 131 114 91 73 64 Long-term external debt 203 107 83 102 81 76 68 60 IMF charges 5 4 1 0 0 0 0 0 Short-term external debt 18 20 21 29 33 14 5 4 2. Other non-debt resource inflows Foreign direct investment 50 382 600 669 928 929 523 797 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.7 4.9 8.8 9.4 10.0 8.3 Japanese yen 9.2 7.9 0.5 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.6 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 1.4 0.9 0.1 0.2 0.1 0.1 0.1 0.1 U.S.dollars 48.9 65.7 72.5 65.8 68.2 69.2 69.1 73.4 4. Average terms of new commitments Official creditors Interest (%) 2.3 1.5 1.3 1.7 1.8 2.8 3.4 2.6 Maturity (years) 29.5 39.7 26.3 29.1 27.0 24.5 26.7 23.0 Grace period (years) 7.2 10.2 9.3 8.6 8.5 5.4 5.5 5.2 Private creditors Interest (%) 8.4 3.8 1.7 0.0 0.0 0.0 0.8 1.0 Maturity (years) 28.6 7.2 50.0 0.0 0.0 0.0 18.2 18.4 Grace period (years) 1.1 3.0 10.5 0.0 0.0 0.0 18.2 0.0 5. Major economic aggregates Gross national income (GNI) 3,649 6,951 9,300 10,376 11,993 13,546 13,827 14,802 Exports of goods, services & income 1,667 4,001 5,893 6,220 6,821 7,380 5,852 6,818 Worker remit. & comp. of employees 124 484 1,818 2,367 2,648 2,858 2,520 2,649 Imports of goods, services & income 2,111 5,047 8,092 9,074 10,609 12,142 9,006 10,533 Profit remittances on FDI 40 160 479 621 535 488 499 567 Current account balance -201 -508 -304 -404 -1,116 -1,782 -515 -955 International reserves 270 1,319 2,338 2,642 2,546 2,492 2,110 2,701 6. Ratios External debt stocks to exports (%) 291.0 135.0 88.7 67.6 48.5 47.5 62.8 61.1 External debt stocks to GNI (%) 132.9 77.7 56.2 40.5 27.6 25.9 26.6 28.2 Debt service to exports (%) 34.7 9.8 6.5 5.4 5.1 5.0 7.1 7.6 Short-term to external debt stocks (%) 7.9 6.9 7.9 12.0 19.9 14.7 8.6 9.6 Multilateral to external debt stocks (%) 44.4 50.5 60.9 54.3 38.5 40.8 41.3 45.4 Reserves to external debt stocks (%) 5.6 24.4 44.7 62.9 77.0 71.1 57.4 64.8 Reserves to imports (months) 1.5 3.1 3.5 3.5 2.9 2.5 2.8 3.1 162 HONDURAS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 4,370 4,813 4,645 3,666 2,615 2,957 3,325 3,740 Public and publicly guaranteed 4,247 4,253 4,137 3,031 1,991 2,301 2,445 2,798 Official creditors 3,882 4,150 4,082 2,979 1,953 2,264 2,358 2,714 Multilateral 2,153 2,728 3,183 2,282 1,273 1,431 1,516 1,891 of which: IBRD 443 151 0 0 0 0 0 0 IDA 386 838 1,353 349 401 449 502 602 Bilateral 1,729 1,423 899 696 680 833 842 823 Private creditors 364 102 55 53 39 37 87 84 of which: Bonds 139 0 0 0 0 0 50 50 Commercial banks 82 46 44 43 28 26 26 23 Private nonguaranteed 123 560 509 635 624 657 880 942 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 349 347 481 342 385 649 703 873 Public and publicly guaranteed 287 163 302 210 230 431 246 452 Official creditors 258 159 297 210 229 430 196 452 Multilateral 209 120 253 186 152 196 112 435 of which: IBRD 7 0 0 0 0 0 0 0 IDA 77 38 151 58 46 51 49 109 Bilateral 49 38 44 24 77 234 84 17 Private creditors 29 4 4 0 1 1 50 0 of which: Bonds 0 0 0 0 0 0 50 0 Commercial banks 3 1 4 0 0 0 0 0 Private nonguaranteed 62 184 179 133 155 218 457 421 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 308 256 264 203 234 277 341 451 Public and publicly guaranteed 270 90 138 90 104 54 107 62 Official creditors 243 89 138 87 102 53 106 61 Multilateral 158 86 122 49 38 33 34 46 of which: IBRD 58 27 70 0 0 0 0 0 IDA 2 2 8 3 0 0 0 0 Bilateral 84 3 15 38 65 19 72 15 Private creditors 27 1 1 3 2 1 1 1 of which: Bonds 13 0 0 0 0 0 0 0 Commercial banks 6 1 1 1 1 1 1 1 Private nonguaranteed 39 166 126 112 130 223 234 390 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 203 107 83 102 81 76 68 60 Public and publicly guaranteed 199 75 63 65 53 49 41 46 Official creditors 179 75 63 65 52 49 41 46 Multilateral 103 66 50 46 35 35 31 36 of which: IBRD 38 15 3 0 0 0 0 0 IDA 3 6 10 6 3 3 3 4 Bilateral 75 9 13 19 18 14 10 10 Private creditors 20 0 0 0 0 0 0 0 of which: Bonds 7 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 5 31 20 37 28 27 27 14 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 125 39 -839 -1,023 -898 200 168 494 Net flows on external debt 90 44 246 255 304 233 155 500 9. Debt restructurings Total amount rescheduled 25 413 58 10 31 0 0 0 Total amount forgiven 10 19 779 1,511 1,193 62 8 1 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 87 88 96 124 138 144 158 166 Interest 66 80 83 84 82 79 76 72 Private creditors Principal 255 180 162 95 75 57 47 38 Interest 42 31 21 16 11 8 5 3 Notes: Data for 2007 include the effects of MDRI, in the amount of $8,697 thousand. 163 INDIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 95,174 100,243 120,222 158,501 202,929 225,994 249,993 290,282 Long-term external debt 87,709 96,781 111,406 133,404 166,836 182,173 203,390 233,834 Public and publicly guaranteed 81,091 81,195 54,726 60,043 69,855 76,248 85,211 106,205 Private nonguaranteed 6,618 15,586 56,680 73,361 96,980 105,925 118,180 127,629 Use of IMF credit 2,416 0 0 0 0 0 0 0 Short-term external debt 5,049 3,462 8,816 25,097 36,093 43,821 46,603 56,448 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 80,631 80,709 54,598 59,934 69,760 76,091 85,041 106,000 Long-term private sector debt 7,078 16,072 56,808 73,470 97,076 106,082 118,349 127,834 Public & publicly guaranteed commitments 4,914 10,707 3,340 6,555 11,986 8,402 12,729 13,663 External debt flows Disbursements 7,147 10,556 19,380 32,443 64,496 38,690 26,631 43,420 Long-term external debt 7,147 10,556 19,380 32,443 64,496 38,690 26,631 43,420 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 8,676 6,728 19,384 12,412 32,097 23,685 10,985 14,708 Long-term external debt 6,949 6,702 19,384 12,412 32,097 23,685 10,985 14,708 IMF repurchases 1,727 25 0 0 0 0 0 0 Net flows -745 3,358 1,949 36,312 43,395 22,734 18,427 38,557 Long-term external debt 197 3,854 -3 20,031 32,399 15,005 15,646 28,712 Short-term external debt 785 -471 1,952 16,281 10,996 7,728 2,782 9,845 Interest payments 4,931 4,193 4,509 4,947 7,270 7,279 5,518 5,373 Long-term external debt 4,363 4,007 4,196 4,524 5,488 5,716 4,939 4,672 IMF charges 183 1 0 0 0 0 0 0 Short-term external debt 385 185 314 424 1,782 1,563 579 700 2. Other non-debt resource inflows Foreign direct investment 2,144 3,584 7,606 20,336 25,483 43,406 35,596 24,159 Portfolio equity 1,590 2,481 12,151 9,509 32,863 -15,030 21,112 39,972 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.4 7.0 6.4 5.4 4.9 3.7 Japanese yen 15.1 12.6 20.0 20.3 19.1 23.0 20.3 19.0 Pound sterling 4.7 3.8 3.7 3.1 2.5 2.1 1.7 1.3 Swiss franc 0.9 0.3 0.3 0.3 0.2 0.2 0.1 0.1 U.S.dollars 52.0 66.3 65.6 66.1 67.3 64.4 67.6 71.4 4. Average terms of new commitments Official creditors Interest (%) 3.5 5.5 2.9 3.1 3.5 2.0 1.0 0.8 Maturity (years) 26.7 24.0 24.6 27.5 24.4 26.4 27.6 31.3 Grace period (years) 8.3 6.6 6.9 5.0 6.2 5.3 6.5 8.4 Private creditors Interest (%) 5.7 4.3 4.6 3.9 6.6 4.4 3.6 2.3 Maturity (years) 5.9 5.1 5.1 5.0 9.9 8.7 3.4 6.5 Grace period (years) 4.8 4.8 4.3 3.9 3.9 2.5 2.5 3.6 5. Major economic aggregates Gross national income (GNI) 352,268 455,206 828,137 943,976 1,237,315 1,206,624 1,372,631 1,717,580 Exports of goods, services & income 39,499 62,453 160,348 201,697 253,362 321,322 274,989 358,876 Worker remit. & comp. of employees 6,223 12,883 22,125 28,334 37,217 49,977 49,468 54,035 Imports of goods, services & income 53,444 80,489 194,274 239,713 298,582 401,046 350,203 462,815 Profit remittances on FDI 0 0 5,244 7,738 10,910 11,989 12,278 13,385 Current account balance -5,563 -4,601 -10,284 -9,299 -8,076 -30,972 -25,922 -51,781 International reserves 22,865 41,059 137,825 178,050 276,578 257,423 284,683 300,480 6. Ratios External debt stocks to exports (%) 241.0 160.5 75.0 78.6 80.1 70.3 90.9 80.9 External debt stocks to GNI (%) 27.0 22.0 14.5 16.8 16.4 18.7 18.2 16.9 Debt service to exports (%) 34.4 17.5 14.9 8.6 15.5 9.6 6.0 5.6 Short-term to external debt stocks (%) 5.3 3.5 7.3 15.8 17.8 19.4 18.6 19.4 Multilateral to external debt stocks (%) 31.6 30.4 26.2 21.7 18.3 17.5 16.9 16.0 Reserves to external debt stocks (%) 24.0 41.0 114.6 112.3 136.3 113.9 113.9 103.5 Reserves to imports (months) 5.1 6.1 8.5 8.9 11.1 7.7 9.8 7.8 164 INDIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 87,709 96,781 111,406 133,404 166,836 182,173 203,390 233,834 Public and publicly guaranteed 81,091 81,195 54,726 60,043 69,855 76,248 85,211 106,205 Official creditors 57,595 51,709 49,992 52,867 57,269 62,523 65,868 72,641 Multilateral 30,052 30,474 31,448 34,408 37,227 39,436 42,351 46,531 of which: IBRD 9,849 7,078 5,276 6,007 6,680 7,429 8,382 11,180 IDA 17,499 18,888 22,728 24,433 25,319 25,365 26,050 25,888 Bilateral 27,543 21,235 18,543 18,459 20,042 23,087 23,516 26,111 Private creditors 23,496 29,486 4,734 7,176 12,587 13,725 19,343 33,564 of which: Bonds 3,324 10,240 1,360 2,213 4,664 4,520 9,521 20,430 Commercial banks 13,465 18,082 3,214 4,825 7,668 8,916 9,561 12,868 Private nonguaranteed 6,618 15,586 56,680 73,361 96,980 105,925 118,180 127,629 of which: Bonds 1,020 1,515 5,761 10,254 15,327 14,732 15,326 13,633 Disbursements 7,147 10,556 19,380 32,443 64,496 38,690 26,631 43,420 Public and publicly guaranteed 5,968 10,256 6,630 8,378 16,010 18,802 10,380 24,351 Official creditors 2,842 3,260 3,824 3,723 4,663 5,895 5,956 8,570 Multilateral 1,942 2,371 2,811 2,732 3,184 3,701 4,157 6,237 of which: IBRD 589 706 863 979 1,003 1,122 1,408 3,334 IDA 729 1,054 1,290 1,005 802 961 1,263 1,067 Bilateral 900 888 1,013 991 1,479 2,195 1,798 2,334 Private creditors 3,125 6,996 2,805 4,655 11,347 12,907 4,425 15,781 of which: Bonds 85 5,520 1,714 2,452 7,389 11,507 1,765 11,050 Commercial banks 1,719 878 1,091 2,203 3,831 1,400 2,660 4,731 Private nonguaranteed 1,179 300 12,751 24,066 48,486 19,888 16,250 19,069 of which: Bonds 520 0 2,920 4,549 7,793 594 2,473 1,288 Principal repayments 6,949 6,702 19,384 12,412 32,097 23,685 10,985 14,708 Public and publicly guaranteed 6,793 6,454 12,469 4,796 8,842 13,447 5,331 5,190 Official creditors 3,885 3,493 2,689 2,588 2,380 2,989 2,906 3,169 Multilateral 1,513 1,740 951 1,155 1,200 1,347 1,476 1,661 of which: IBRD 943 994 210 259 346 390 455 539 IDA 226 367 607 653 700 764 799 835 Bilateral 2,372 1,754 1,738 1,433 1,180 1,642 1,429 1,508 Private creditors 2,908 2,960 9,781 2,208 6,462 10,458 2,425 2,021 of which: Bonds 320 0 8,457 1,597 5,313 9,468 588 148 Commercial banks 1,807 2,737 1,193 589 1,130 971 1,814 1,849 Private nonguaranteed 156 249 6,914 7,617 23,255 10,238 5,654 9,518 of which: Bonds 0 35 117 57 409 880 1,679 1,851 Interest payments 4,363 4,007 4,196 4,524 5,488 5,716 4,939 4,672 Public and publicly guaranteed 3,832 3,378 3,022 1,291 1,450 1,522 1,319 1,060 Official creditors 1,872 1,435 1,059 1,074 1,170 1,160 1,008 794 Multilateral 1,061 835 458 648 782 747 558 361 of which: IBRD 770 428 159 280 356 313 213 86 IDA 131 139 187 185 189 201 186 189 Bilateral 811 601 601 426 388 413 450 433 Private creditors 1,960 1,942 1,963 217 280 362 311 266 of which: Bonds 187 143 1,799 40 41 61 60 39 Commercial banks 1,265 1,737 155 172 233 294 244 221 Private nonguaranteed 531 630 1,174 3,233 4,038 4,194 3,620 3,612 of which: Bonds 56 224 141 217 330 278 290 421 8. Debt stock-flow reconciliation Total change in external debt stocks -4,435 1,115 -2,365 38,279 44,428 23,066 23,999 40,289 Net flows on external debt -745 3,358 1,949 36,312 43,395 22,734 18,427 38,557 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 5,164 5,376 5,703 5,924 5,990 5,874 5,882 5,680 Interest 1,103 1,090 1,041 977 901 822 742 662 Private creditors Principal 39,155 33,797 25,513 17,776 13,619 9,158 6,758 5,363 Interest 6,071 4,520 3,955 2,460 1,799 1,295 917 602 Notes: External debt data prior to 2003 are mechanically adjusted from fiscal year to calendar year. Public and publicly guaranteed bonds include Foreign Institutional Investor debt (FII) as reported by the Reserve Bank of India. Short-term debt is based on reports provided by the country. 165 INDONESIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 124,389 143,344 134,347 125,343 133,847 147,622 162,850 179,064 Long-term external debt 98,422 110,818 117,506 115,359 118,399 127,134 138,801 147,809 Public and publicly guaranteed 65,299 69,649 74,242 70,536 72,015 79,751 85,967 91,024 Private nonguaranteed 33,123 41,169 43,264 44,822 46,384 47,383 52,834 56,785 Use of IMF credit 0 10,838 7,807 0 0 0 0 0 Short-term external debt 25,966 21,688 9,034 9,984 15,448 20,488 24,050 31,255 interest arrears on long-term 0 4,632 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 3,000 148 0 0 0 0 0 Long-term public sector debt 65,299 69,649 74,242 70,536 72,015 79,751 85,967 91,024 Long-term private sector debt 33,123 41,169 43,264 44,822 46,384 47,383 52,834 56,785 Public & publicly guaranteed commitments 11,003 2,221 4,541 4,727 5,880 9,720 14,791 7,864 External debt flows Disbursements 13,633 6,774 13,879 18,472 18,270 22,928 31,424 31,214 Long-term external debt 13,633 5,651 13,879 18,472 18,270 22,928 31,424 31,214 IMF purchases 0 1,123 0 0 0 0 0 0 Principal repayments 10,198 9,268 16,891 24,463 18,811 16,703 20,419 23,963 Long-term external debt 10,198 9,268 15,746 16,426 18,811 16,703 20,419 23,963 IMF repurchases 0 0 1,145 8,037 0 0 0 0 Net flows 9,945 -1,967 -8,603 -5,041 4,923 11,265 14,566 14,456 Long-term external debt 3,435 -3,617 -1,868 2,046 -541 6,225 11,005 7,251 Short-term external debt 6,509 527 -5,590 950 5,464 5,040 3,561 7,205 Interest payments 6,220 7,356 3,337 3,817 5,113 4,671 4,459 5,335 Long-term external debt 4,936 5,673 2,933 3,416 4,996 4,461 4,301 4,944 IMF charges 0 526 313 292 0 0 0 0 Short-term external debt 1,284 1,157 91 109 117 210 159 391 2. Other non-debt resource inflows Foreign direct investment 4,346 -4,550 8,336 4,914 6,928 9,318 4,877 13,304 Portfolio equity 1,493 -1,021 -165 1,898 3,559 322 787 2,132 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.3 14.4 14.7 11.6 10.0 8.0 Japanese yen 35.3 33.1 33.8 34.0 33.5 36.6 32.4 34.7 Pound sterling 0.8 1.2 2.2 2.0 1.8 1.1 1.0 0.8 Swiss franc 0.7 0.6 0.6 0.6 0.5 0.4 0.4 0.3 U.S.dollars 21.5 50.3 45.4 44.3 44.7 45.6 51.8 51.8 4. Average terms of new commitments Official creditors Interest (%) 5.1 2.9 3.9 3.9 2.8 1.9 1.7 1.0 Maturity (years) 21.4 24.5 23.5 25.7 25.0 20.4 22.2 22.2 Grace period (years) 5.8 6.8 6.1 6.7 7.5 6.9 5.5 7.8 Private creditors Interest (%) 6.8 6.6 6.9 7.2 6.4 6.9 9.6 4.6 Maturity (years) 12.4 7.7 14.7 20.9 27.4 18.0 8.0 9.9 Grace period (years) 3.8 4.4 12.9 18.3 26.6 17.4 7.7 9.4 5. Major economic aggregates Gross national income (GNI) 196,188 150,317 271,958 349,038 414,334 492,094 520,467 686,633 Exports of goods, services & income 54,229 73,079 102,260 117,635 133,971 158,444 134,722 176,730 Worker remit. & comp. of employees 651 1,190 5,420 5,722 6,174 6,794 6,793 6,916 Imports of goods, services & income 61,641 66,903 106,775 111,639 128,582 163,683 128,671 175,713 Profit remittances on FDI 718 3,574 9,525 9,637 10,813 10,675 8,848 12,436 Current account balance -6,431 7,992 278 10,859 10,493 125 10,628 5,654 International reserves 14,908 29,353 34,731 42,597 56,936 51,641 66,119 96,211 6. Ratios External debt stocks to exports (%) 229.4 196.1 131.4 106.6 99.9 93.2 120.9 101.3 External debt stocks to GNI (%) 63.4 95.4 49.4 35.9 32.3 30.0 31.3 26.1 Debt service to exports (%) 30.3 22.7 19.8 24.0 17.9 13.5 18.5 16.6 Short-term to external debt stocks (%) 20.9 15.1 6.7 8.0 11.5 13.9 14.8 17.5 Multilateral to external debt stocks (%) 16.1 13.9 13.8 14.6 13.9 13.5 12.9 12.6 Reserves to external debt stocks (%) 12.0 20.5 25.9 34.0 42.5 35.0 40.6 53.7 Reserves to imports (months) 2.9 5.3 3.9 4.6 5.3 3.8 6.2 6.6 166 INDONESIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 98,422 110,818 117,506 115,359 118,399 127,134 138,801 147,809 Public and publicly guaranteed 65,299 69,649 74,242 70,536 72,015 79,751 85,967 91,024 Official creditors 51,272 54,883 59,945 58,422 58,720 63,184 63,270 66,484 Multilateral 20,013 19,904 18,514 18,246 18,611 19,962 21,052 22,567 of which: IBRD 12,503 11,715 8,132 7,423 6,821 6,968 7,876 9,054 IDA 756 714 1,001 1,318 1,550 2,006 2,234 2,313 Bilateral 31,260 34,979 41,431 40,176 40,109 43,222 42,218 43,917 Private creditors 14,027 14,766 14,297 12,114 13,296 16,567 22,696 24,540 of which: Bonds 704 971 4,029 5,157 6,370 10,450 14,344 16,990 Commercial banks 7,178 10,489 8,062 5,090 5,168 4,640 5,810 5,313 Private nonguaranteed 33,123 41,169 43,264 44,822 46,384 47,383 52,834 56,785 of which: Bonds 3,420 6,337 5,878 6,222 4,668 4,678 5,897 5,788 Disbursements 13,633 5,651 13,879 18,472 18,270 22,928 31,424 31,214 Public and publicly guaranteed 6,670 3,301 5,012 7,121 6,030 9,062 12,729 11,224 Official creditors 4,254 3,038 2,578 3,798 3,756 4,599 6,142 6,560 Multilateral 1,777 1,750 1,667 1,876 2,134 2,842 3,020 3,186 of which: IBRD 1,045 1,051 585 696 767 1,398 2,044 2,078 IDA 0 59 67 315 219 494 244 142 Bilateral 2,477 1,288 911 1,922 1,622 1,758 3,122 3,375 Private creditors 2,416 263 2,434 3,323 2,273 4,462 6,587 4,663 of which: Bonds 605 0 2,095 1,930 1,425 4,080 3,893 2,545 Commercial banks 1,010 258 264 947 552 378 1,656 1,185 Private nonguaranteed 6,963 2,350 8,866 11,351 12,240 13,867 18,695 19,990 of which: Bonds 1,763 350 194 144 486 368 1,808 195 Principal repayments 10,198 9,268 15,746 16,426 18,811 16,703 20,419 23,963 Public and publicly guaranteed 5,715 3,868 6,232 6,925 8,062 6,482 7,051 5,833 Official creditors 3,127 1,586 3,539 5,365 6,781 5,729 6,122 5,202 Multilateral 1,289 1,116 1,957 1,976 1,971 1,920 1,910 1,819 of which: IBRD 955 761 1,390 1,403 1,369 1,252 1,135 900 IDA 20 26 27 27 27 27 31 32 Bilateral 1,838 470 1,583 3,389 4,810 3,809 4,212 3,383 Private creditors 2,589 2,282 2,692 1,560 1,281 753 929 632 of which: Bonds 0 0 310 252 212 0 0 0 Commercial banks 1,681 2,107 1,679 982 679 594 767 476 Private nonguaranteed 4,483 5,400 9,515 9,501 10,749 10,221 13,368 18,129 of which: Bonds 120 2,400 267 257 432 261 588 411 Interest payments 4,936 5,673 2,933 3,416 4,996 4,461 4,301 4,944 Public and publicly guaranteed 3,775 3,738 1,921 2,118 2,730 2,718 2,802 3,034 Official creditors 2,667 2,575 1,189 1,712 2,042 1,968 1,693 1,586 Multilateral 1,403 1,383 865 832 861 789 584 514 of which: IBRD 921 950 481 425 435 370 249 291 IDA 6 5 9 10 11 13 15 16 Bilateral 1,264 1,192 324 880 1,180 1,179 1,109 1,072 Private creditors 1,107 1,163 732 406 689 751 1,109 1,448 of which: Bonds 6 72 136 97 331 439 837 1,225 Commercial banks 676 871 510 195 251 220 187 148 Private nonguaranteed 1,161 1,935 1,012 1,298 2,266 1,743 1,499 1,910 of which: Bonds 139 735 113 184 202 89 31 81 8. Debt stock-flow reconciliation Total change in external debt stocks 16,580 -8,117 -2,770 -9,004 8,504 13,775 15,228 16,213 Net flows on external debt 9,945 -1,967 -8,603 -5,041 4,923 11,265 14,566 14,456 9. Debt restructurings Total amount rescheduled 0 2,461 2,608 0 0 0 0 0 Total amount forgiven 0 0 0 92 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 6,342 6,159 6,453 6,122 5,790 5,190 4,558 4,426 Interest 1,437 1,316 1,187 1,043 902 770 659 563 Private creditors Principal 12,301 9,216 10,832 10,281 6,032 3,275 2,718 6,950 Interest 3,711 3,360 3,199 2,887 2,199 1,882 1,632 1,949 Notes: Debt data are revised significantly as previous publications included local currency external debt. Data on long-term private nonguaranteed debt data might include short-term debt data until 2005 and are revised based on reports provided by the country from 2006. Short-term debt is based on reports provided by the country since 2005. 167 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 21,565 7,717 21,879 19,387 21,074 13,969 13,464 12,570 Long-term external debt 15,116 4,709 10,521 11,128 11,174 8,934 7,553 6,411 Public and publicly guaranteed 15,116 4,709 10,521 11,128 11,174 8,934 7,553 6,411 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 6,449 3,008 11,358 8,259 9,900 5,035 5,911 6,159 interest arrears on long-term 6 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 48 0 0 0 0 0 0 0 Long-term public sector debt 15,031 4,689 10,512 11,121 11,168 8,931 7,543 6,398 Long-term private sector debt 84 20 10 7 6 3 9 13 Public & publicly guaranteed commitments 1,978 2,813 1,992 797 0 35 44 21 External debt flows Disbursements 979 1,469 2,751 1,724 1,142 978 531 295 Long-term external debt 979 1,469 2,751 1,724 1,142 978 531 295 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 4,120 2,345 1,734 1,718 2,009 2,161 2,092 1,595 Long-term external debt 4,120 2,345 1,734 1,718 2,009 2,161 2,092 1,595 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -227 -1,485 1,439 -3,093 774 -6,049 -685 -1,052 Long-term external debt -3,141 -876 1,017 6 -867 -1,184 -1,561 -1,300 Short-term external debt 2,914 -609 422 -3,099 1,641 -4,865 876 248 Interest payments 1,602 572 1,099 1,033 946 616 485 371 Long-term external debt 1,107 391 419 509 572 502 278 139 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 494 180 680 524 374 114 207 232 2. Other non-debt resource inflows Foreign direct investment 17 39 3,136 1,647 1,670 1,615 3,016 3,617 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 52.3 55.9 58.8 57.2 57.3 56.9 Japanese yen 4.9 9.4 8.1 6.8 6.9 7.3 7.4 7.5 Pound sterling 0.0 0.6 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.6 3.9 4.4 3.6 3.4 2.7 2.4 2.3 U.S.dollars 71.5 68.3 34.9 33.4 30.7 32.6 32.7 33.1 4. Average terms of new commitments Official creditors Interest (%) 7.5 4.9 4.4 5.9 0.0 0.0 3.9 0.0 Maturity (years) 8.2 13.6 15.0 11.8 0.0 0.0 6.5 0.0 Grace period (years) 2.3 4.4 4.4 3.8 0.0 0.0 2.4 0.0 Private creditors Interest (%) 6.3 6.6 4.9 6.0 0.0 5.6 5.4 4.4 Maturity (years) 11.3 10.8 10.1 10.0 0.0 6.7 6.0 7.2 Grace period (years) 3.4 2.9 2.6 2.5 0.0 2.2 1.5 2.7 5. Major economic aggregates Gross national income (GNI) 90,172 101,335 188,503 219,296 283,000 335,654 328,593 .. Exports of goods, services & income 19,269 30,131 .. .. .. .. .. .. Worker remit. & comp. of employees 1,600 536 1,032 1,032 1,115 1,115 1,072 1,181 Imports of goods, services & income 15,907 18,107 .. .. .. .. .. .. Profit remittances on FDI 0 0 .. .. .. .. .. .. Current account balance 3,358 12,481 .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 111.9 25.6 .. .. .. .. .. .. External debt stocks to GNI (%) 23.9 7.6 11.6 8.8 7.4 4.2 4.1 .. Debt service to exports (%) 29.7 9.7 .. .. .. .. .. .. Short-term to external debt stocks (%) 29.9 39.0 51.9 42.6 47.0 36.0 43.9 49.0 Multilateral to external debt stocks (%) 1.8 6.6 1.7 2.9 3.3 5.4 6.3 6.6 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 168 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 15,116 4,709 10,521 11,128 11,174 8,934 7,553 6,411 Public and publicly guaranteed 15,116 4,709 10,521 11,128 11,174 8,934 7,553 6,411 Official creditors 11,354 1,664 2,045 2,284 2,436 2,389 2,272 2,025 Multilateral 381 507 381 559 699 761 854 830 of which: IBRD 316 481 378 559 699 761 836 801 IDA 0 0 0 0 0 0 0 0 Bilateral 10,974 1,157 1,663 1,725 1,737 1,628 1,418 1,195 Private creditors 3,761 3,045 8,477 8,844 8,738 6,545 5,280 4,385 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 1,043 4,042 4,536 4,800 3,820 3,165 2,723 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 979 1,469 2,751 1,724 1,142 978 531 295 Public and publicly guaranteed 979 1,469 2,751 1,724 1,142 978 531 295 Official creditors 393 477 673 508 338 295 228 101 Multilateral 123 120 258 248 212 144 178 85 of which: IBRD 85 114 247 248 212 144 159 72 IDA 0 0 0 0 0 0 0 0 Bilateral 270 357 415 261 125 152 50 16 Private creditors 586 993 2,078 1,216 805 682 303 193 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 268 1,399 941 653 605 276 180 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 4,120 2,345 1,734 1,718 2,009 2,161 2,092 1,595 Public and publicly guaranteed 4,120 2,345 1,734 1,718 2,009 2,161 2,092 1,595 Official creditors 3,497 1,785 329 275 302 331 381 317 Multilateral 41 108 155 75 73 66 84 11 of which: IBRD 6 70 145 66 73 66 84 8 IDA 0 0 0 0 0 0 0 0 Bilateral 3,456 1,677 174 199 229 264 297 306 Private creditors 622 561 1,405 1,443 1,707 1,831 1,710 1,277 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 67 713 689 932 1,051 1,006 726 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 1,107 391 419 509 572 502 278 139 Public and publicly guaranteed 1,107 391 419 509 572 502 278 139 Official creditors 787 190 103 98 114 89 73 53 Multilateral 27 44 39 25 36 25 15 8 of which: IBRD 19 40 39 25 36 25 15 8 IDA 0 0 0 0 0 0 0 0 Bilateral 759 146 63 73 78 64 58 45 Private creditors 321 202 316 410 458 413 205 86 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 82 155 220 264 237 122 51 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 -677 -1,629 941 -2,492 1,686 -7,105 -505 -894 Net flows on external debt -227 -1,485 1,439 -3,093 774 -6,049 -685 -1,052 9. Debt restructurings Total amount rescheduled 3,178 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 480 443 272 230 161 144 103 81 Interest 43 30 21 15 11 7 5 3 Private creditors Principal 1,600 1,230 845 544 348 200 80 7 Interest 66 43 26 14 7 2 1 0 Notes: Fiscal year-end for external debt data is March. 169 JAMAICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 4,581 4,724 6,531 8,059 10,422 10,331 10,987 13,865 Long-term external debt 3,849 3,871 5,914 6,956 8,883 9,068 9,943 11,900 Public and publicly guaranteed 3,721 3,768 5,524 6,144 6,710 6,904 6,702 7,593 Private nonguaranteed 128 103 390 811 2,173 2,164 3,241 4,307 Use of IMF credit 240 60 0 0 0 0 0 785 Short-term external debt 492 793 617 1,103 1,539 1,263 1,044 1,180 interest arrears on long-term 102 150 225 261 284 267 229 219 Memorandum items Principal arrears on long-term 203 131 146 219 157 146 176 153 Long-term public sector debt 3,721 3,767 5,523 6,143 6,709 6,902 6,701 7,592 Long-term private sector debt 128 104 391 813 2,174 2,165 3,242 4,308 Public & publicly guaranteed commitments 234 1,066 1,123 886 809 760 989 1,346 External debt flows Disbursements 316 904 1,346 1,216 2,396 692 1,539 3,138 Long-term external debt 305 904 1,346 1,216 2,396 692 1,539 2,360 IMF purchases 11 0 0 0 0 0 0 778 Principal repayments 436 443 551 312 590 459 702 340 Long-term external debt 340 424 550 312 590 459 702 340 IMF repurchases 95 19 1 0 0 0 0 0 Net flows -106 440 317 1,354 2,219 -26 656 2,944 Long-term external debt -35 481 797 904 1,806 233 837 2,020 Short-term external debt 14 -21 -479 450 413 -259 -181 146 Interest payments 232 261 419 512 717 700 758 846 Long-term external debt 191 208 387 473 657 673 746 828 IMF charges 17 4 0 0 0 0 0 6 Short-term external debt 24 49 32 39 60 27 12 11 2. Other non-debt resource inflows Foreign direct investment 147 468 682 882 866 1,437 541 228 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 17.9 20.4 22.2 20.3 17.2 14.8 Japanese yen 9.9 7.1 3.4 2.8 2.4 2.7 2.6 2.5 Pound sterling 4.1 2.0 1.5 1.4 1.2 0.5 0.6 0.5 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 47.6 61.7 70.1 70.0 69.8 72.6 76.3 79.6 4. Average terms of new commitments Official creditors Interest (%) 5.6 6.1 4.1 1.4 3.2 4.1 3.7 1.4 Maturity (years) 21.6 19.8 22.0 18.6 19.8 23.3 16.5 20.4 Grace period (years) 4.7 5.4 5.7 16.9 5.1 5.7 4.2 5.2 Private creditors Interest (%) 6.3 11.0 8.2 7.9 7.7 7.5 2.9 0.0 Maturity (years) 8.9 6.0 12.8 20.6 27.2 10.8 11.2 0.0 Grace period (years) 2.1 4.2 10.6 15.3 23.0 8.2 1.4 0.0 5. Major economic aggregates Gross national income (GNI) 5,569 8,662 10,476 11,375 12,037 13,559 12,018 13,305 Exports of goods, services & income 3,541 3,782 4,322 5,161 5,590 6,027 4,273 4,248 Worker remit. & comp. of employees 653 892 1,784 1,946 2,144 2,181 1,912 2,011 Imports of goods, services & income 4,246 4,970 6,972 8,092 9,668 10,970 7,259 7,192 Profit remittances on FDI 230 290 454 376 533 376 232 127 Current account balance -99 -367 -1,071 -1,183 -2,038 -2,793 -1,128 -934 International reserves 681 1,054 2,170 2,318 1,879 1,773 2,076 2,501 6. Ratios External debt stocks to exports (%) 129.4 124.9 151.1 156.2 186.4 171.4 257.1 326.4 External debt stocks to GNI (%) 82.3 54.5 62.3 70.8 86.6 76.2 91.4 104.2 Debt service to exports (%) 18.8 18.6 22.4 16.0 23.4 19.2 34.1 27.9 Short-term to external debt stocks (%) 10.7 16.8 9.4 13.7 14.8 12.2 9.5 8.5 Multilateral to external debt stocks (%) 26.9 25.8 20.4 16.1 12.1 12.9 13.8 16.9 Reserves to external debt stocks (%) 14.9 22.3 33.2 28.8 18.0 17.2 18.9 18.0 Reserves to imports (months) 1.9 2.5 3.7 3.4 2.3 1.9 3.4 4.2 170 JAMAICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,849 3,871 5,914 6,956 8,883 9,068 9,943 11,900 Public and publicly guaranteed 3,721 3,768 5,524 6,144 6,710 6,904 6,702 7,593 Official creditors 3,363 2,449 2,124 2,157 2,258 2,271 2,406 3,259 Multilateral 1,234 1,218 1,333 1,298 1,260 1,336 1,520 2,348 of which: IBRD 595 415 410 387 360 327 398 579 IDA 0 0 0 0 0 0 0 0 Bilateral 2,129 1,231 791 859 998 935 886 912 Private creditors 358 1,320 3,400 3,988 4,452 4,633 4,296 4,334 of which: Bonds 25 1,004 3,043 3,568 4,050 4,218 3,890 3,786 Commercial banks 269 265 317 385 357 380 365 505 Private nonguaranteed 128 103 390 811 2,173 2,164 3,241 4,307 of which: Bonds 55 0 300 730 2,130 2,130 3,215 4,290 Disbursements 305 904 1,346 1,216 2,396 692 1,539 2,360 Public and publicly guaranteed 250 904 1,039 786 996 692 454 1,285 Official creditors 193 311 87 234 274 266 350 1,075 Multilateral 125 255 67 82 93 219 336 971 of which: IBRD 61 98 17 18 19 13 120 222 IDA 0 0 0 0 0 0 0 0 Bilateral 68 57 20 153 182 47 14 104 Private creditors 57 593 952 552 722 426 104 210 of which: Bonds 13 553 875 450 625 350 0 0 Commercial banks 42 24 75 97 80 76 94 198 Private nonguaranteed 55 0 307 430 1,400 0 1,085 1,075 of which: Bonds 0 0 300 430 1,400 0 1,085 1,075 Principal repayments 340 424 550 312 590 459 702 340 Public and publicly guaranteed 335 360 541 303 567 450 693 331 Official creditors 255 273 231 246 244 260 229 208 Multilateral 127 122 119 137 154 148 153 136 of which: IBRD 85 60 39 43 48 47 49 41 IDA 0 0 0 0 0 0 0 0 Bilateral 129 151 113 109 89 113 76 72 Private creditors 80 87 310 58 324 190 464 124 of which: Bonds 0 13 256 0 229 138 345 68 Commercial banks 73 47 44 44 85 44 113 48 Private nonguaranteed 5 64 9 9 22 9 9 9 of which: Bonds 0 55 0 0 0 0 0 0 Interest payments 191 208 387 473 657 673 746 828 Public and publicly guaranteed 181 195 361 422 472 480 521 488 Official creditors 158 120 84 91 90 80 95 100 Multilateral 83 65 63 67 69 62 59 51 of which: IBRD 47 22 19 22 22 19 15 12 IDA 0 0 0 0 0 0 0 0 Bilateral 75 55 21 24 21 18 36 49 Private creditors 23 75 277 332 382 400 426 388 of which: Bonds 2 50 265 325 373 392 404 375 Commercial banks 19 18 11 6 8 7 21 12 Private nonguaranteed 11 13 26 51 185 193 225 341 of which: Bonds 5 2 21 45 181 191 224 340 8. Debt stock-flow reconciliation Total change in external debt stocks -29 798 80 1,528 2,363 -91 656 2,878 Net flows on external debt -106 440 317 1,354 2,219 -26 656 2,944 9. Debt restructurings Total amount rescheduled 105 0 0 0 0 0 0 0 Total amount forgiven 0 4 2 3 2 6 0 5 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 224 230 225 184 237 262 252 237 Interest 70 66 62 57 53 48 43 38 Private creditors Principal 529 854 224 909 1,937 259 1,422 960 Interest 754 717 643 586 462 369 295 185 171 JORDAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 7,661 7,355 7,696 8,055 8,371 6,580 6,615 7,822 Long-term external debt 6,624 6,183 6,878 7,143 7,321 5,126 5,445 6,504 Public and publicly guaranteed 6,624 6,183 6,878 7,143 7,321 5,126 5,445 6,504 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 251 462 236 158 88 28 12 8 Short-term external debt 785 710 582 754 962 1,426 1,158 1,310 interest arrears on long-term 67 102 0 1 0 0 0 1 Memorandum items Principal arrears on long-term 177 281 17 36 34 34 17 17 Long-term public sector debt 6,624 6,148 6,790 7,000 7,172 4,978 5,306 6,371 Long-term private sector debt 0 35 88 142 150 148 139 133 Public & publicly guaranteed commitments 1,259 384 337 159 220 427 915 1,226 External debt flows Disbursements 724 196 434 277 190 230 762 1,389 Long-term external debt 609 176 434 277 190 230 762 1,389 IMF purchases 115 20 0 0 0 0 0 0 Principal repayments 337 424 418 441 486 2,471 421 491 Long-term external debt 329 393 341 353 409 2,412 405 487 IMF repurchases 8 31 77 88 76 59 16 4 Net flows 484 -399 97 7 -87 -1,777 73 1,049 Long-term external debt 280 -217 93 -76 -220 -2,182 357 902 Short-term external debt 97 -171 81 171 209 464 -268 151 Interest payments 263 315 198 249 284 232 164 162 Long-term external debt 209 239 160 196 227 200 147 147 IMF charges 10 24 10 10 7 3 0 0 Short-term external debt 43 52 27 42 49 29 17 16 2. Other non-debt resource inflows Foreign direct investment 13 913 1,984 3,544 2,622 2,827 2,427 1,701 Portfolio equity 0 -17 169 144 346 521 -30 -20 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 21.1 23.3 24.1 12.6 12.0 9.3 Japanese yen 25.6 27.5 20.1 18.3 17.8 29.9 25.9 22.6 Pound sterling 5.5 3.4 8.9 9.3 9.3 0.0 0.0 0.0 Swiss franc 0.5 0.4 1.1 0.7 0.7 0.3 0.3 0.2 U.S.dollars 28.9 29.3 26.4 25.9 25.3 24.8 31.1 37.1 4. Average terms of new commitments Official creditors Interest (%) 4.7 4.8 2.9 3.4 4.6 3.4 2.1 2.0 Maturity (years) 21.8 19.5 23.6 21.1 20.5 20.8 18.1 13.2 Grace period (years) 8.4 6.4 6.0 5.8 6.0 5.7 4.6 4.0 Private creditors Interest (%) 0.0 0.0 0.0 0.2 0.0 0.0 0.0 3.9 Maturity (years) 0.0 0.0 0.0 34.3 0.0 0.0 0.0 5.0 Grace period (years) 0.0 0.0 0.0 11.3 0.0 0.0 0.0 4.9 5. Major economic aggregates Gross national income (GNI) 6,449 8,561 12,925 16,098 18,449 23,392 25,696 28,081 Exports of goods, services & income 3,594 4,207 7,426 9,144 10,684 13,751 12,098 13,268 Worker remit. & comp. of employees 1,441 1,845 2,500 2,883 3,434 3,794 3,597 3,641 Imports of goods, services & income 5,297 6,363 12,314 13,810 16,421 19,869 17,024 18,521 Profit remittances on FDI 0 33 74 130 163 257 294 283 Current account balance -259 27 -2,272 -1,726 -2,875 -2,037 -1,128 -1,311 International reserves 2,279 3,441 5,461 6,982 7,925 8,918 12,135 13,633 6. Ratios External debt stocks to exports (%) 213.1 174.8 103.6 88.1 78.4 47.9 54.7 59.0 External debt stocks to GNI (%) 118.8 85.9 59.5 50.0 45.4 28.1 25.7 27.9 Debt service to exports (%) 16.7 17.6 8.3 7.5 7.2 19.7 4.8 4.9 Short-term to external debt stocks (%) 10.2 9.7 7.6 9.4 11.5 21.7 17.5 16.7 Multilateral to external debt stocks (%) 15.5 23.2 24.8 24.3 23.7 29.7 35.7 32.3 Reserves to external debt stocks (%) 29.8 46.8 71.0 86.7 94.7 135.5 183.4 174.3 Reserves to imports (months) 5.2 6.5 5.3 6.1 5.8 5.4 8.6 8.8 172 JORDAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 6,624 6,183 6,878 7,143 7,321 5,126 5,445 6,504 Public and publicly guaranteed 6,624 6,183 6,878 7,143 7,321 5,126 5,445 6,504 Official creditors 4,583 5,190 6,438 6,714 6,910 4,777 5,101 5,420 Multilateral 1,185 1,706 1,905 1,961 1,986 1,956 2,361 2,528 of which: IBRD 736 798 925 897 868 835 1,074 1,008 IDA 69 57 45 42 39 37 34 32 Bilateral 3,397 3,484 4,533 4,754 4,924 2,821 2,740 2,892 Private creditors 2,041 993 440 429 411 350 344 1,084 of which: Bonds 801 636 190 188 186 184 181 914 Commercial banks 337 1 0 0 0 6 12 24 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 609 176 434 277 190 230 762 1,389 Public and publicly guaranteed 609 176 434 277 190 230 762 1,389 Official creditors 609 176 269 277 190 224 756 627 Multilateral 259 80 161 194 133 158 630 429 of which: IBRD 158 38 48 43 39 41 335 33 IDA 0 0 0 0 0 0 0 0 Bilateral 351 96 108 83 57 67 126 198 Private creditors 0 0 165 0 0 6 6 762 of which: Bonds 0 0 145 0 0 0 0 750 Commercial banks 0 0 0 0 0 6 6 12 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 329 393 341 353 409 2,412 405 487 Public and publicly guaranteed 329 393 341 353 409 2,412 405 487 Official creditors 128 238 322 340 392 2,338 394 460 Multilateral 117 124 170 168 174 185 202 275 of which: IBRD 77 53 73 78 78 86 95 101 IDA 2 3 3 3 3 3 3 3 Bilateral 11 114 152 172 218 2,154 191 185 Private creditors 201 155 20 12 17 73 11 27 of which: Bonds 0 95 11 1 2 2 2 17 Commercial banks 135 19 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 209 239 160 196 227 200 147 147 Public and publicly guaranteed 209 239 160 196 227 200 147 147 Official creditors 116 158 153 179 209 182 131 121 Multilateral 63 91 76 90 97 88 77 68 of which: IBRD 48 53 33 45 50 38 28 14 IDA 1 0 0 0 0 0 0 0 Bilateral 53 67 77 89 112 94 54 54 Private creditors 94 80 7 18 18 19 16 25 of which: Bonds 41 46 4 12 12 12 12 23 Commercial banks 32 1 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 107 -728 -370 359 316 -1,791 35 1,207 Net flows on external debt 484 -399 97 7 -87 -1,777 73 1,049 9. Debt restructurings Total amount rescheduled 365 194 220 208 196 0 0 0 Total amount forgiven 322 63 0 0 0 246 0 0 Debt buyback 0 85 0 0 0 2,038 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 611 549 509 497 472 422 397 383 Interest 136 127 115 104 92 81 71 62 Private creditors Principal 19 30 17 12 763 14 15 16 Interest 43 42 41 41 40 11 10 10 173 KAZAKHSTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 3,750 12,433 43,478 72,443 95,542 107,278 111,115 118,723 Long-term external debt 2,937 11,472 35,327 61,569 84,388 96,958 102,439 109,686 Public and publicly guaranteed 2,834 3,623 2,177 2,136 1,698 1,915 2,487 3,842 Private nonguaranteed 103 7,849 33,150 59,433 82,690 95,043 99,952 105,844 Use of IMF credit 432 0 0 0 0 0 0 0 Short-term external debt 381 961 8,151 10,873 11,154 10,321 8,676 9,037 interest arrears on long-term 162 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 2,834 3,619 2,157 2,130 1,698 1,915 2,487 3,842 Long-term private sector debt 103 7,852 33,170 59,439 82,690 95,043 99,952 105,844 Public & publicly guaranteed commitments 982 688 159 30 0 174 3,550 1,340 External debt flows Disbursements 881 3,057 17,237 37,916 44,750 40,925 30,524 50,133 Long-term external debt 740 3,057 17,237 37,916 44,750 40,925 30,524 50,133 IMF purchases 141 0 0 0 0 0 0 0 Principal repayments 105 2,595 11,450 12,172 23,596 29,035 20,103 42,789 Long-term external debt 105 2,153 11,450 12,172 23,596 29,035 20,103 42,789 IMF repurchases 0 442 0 0 0 0 0 0 Net flows 868 1,057 9,995 28,466 21,434 11,057 8,776 7,705 Long-term external debt 635 904 5,786 25,744 21,154 11,890 10,421 7,344 Short-term external debt 93 595 4,209 2,722 281 -833 -1,645 361 Interest payments 130 775 1,730 2,303 3,575 4,391 5,677 4,971 Long-term external debt 102 713 1,526 1,953 3,537 4,117 5,373 4,655 IMF charges 17 11 0 0 0 0 0 0 Short-term external debt 10 51 204 350 38 274 304 316 2. Other non-debt resource inflows Foreign direct investment 964 1,283 1,971 6,278 11,119 14,322 13,771 9,961 Portfolio equity .. 19 150 2,789 828 -1,280 38 96 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.9 2.1 2.6 1.9 1.4 0.8 Japanese yen 8.9 13.8 32.6 34.9 46.7 52.5 40.1 24.5 Pound sterling 0.0 0.6 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 6.9 61.2 53.9 53.5 46.8 42.1 55.9 73.2 4. Average terms of new commitments Official creditors Interest (%) 5.5 3.0 5.0 6.2 0.0 3.0 1.4 1.0 Maturity (years) 14.3 27.6 16.8 16.3 0.0 15.1 21.2 23.4 Grace period (years) 4.5 8.4 5.3 4.8 0.0 5.3 4.7 3.5 Private creditors Interest (%) 6.4 11.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.9 6.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.3 5.6 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 20,229 17,038 51,427 71,512 91,766 113,926 102,471 125,913 Exports of goods, services & income 6,020 10,480 31,209 43,011 55,379 79,637 50,665 66,917 Worker remit. & comp. of employees 116 122 178 186 223 192 261 291 Imports of goods, services & income 6,292 10,362 31,852 43,803 61,541 72,327 54,342 62,164 Profit remittances on FDI 74 1,046 4,633 7,694 11,305 16,956 10,711 14,923 Current account balance -213 366 -1,056 -1,999 -8,322 6,326 -4,359 4,319 International reserves 1,660 2,099 7,070 19,127 17,641 19,883 23,183 28,265 6. Ratios External debt stocks to exports (%) 62.3 118.6 139.3 168.4 172.5 134.7 219.3 177.4 External debt stocks to GNI (%) 18.5 73.0 84.5 101.3 104.1 94.2 108.4 94.3 Debt service to exports (%) 3.9 32.2 42.2 33.7 49.1 42.0 50.9 71.4 Short-term to external debt stocks (%) 10.2 7.7 18.7 15.0 11.7 9.6 7.8 7.6 Multilateral to external debt stocks (%) 10.4 11.9 2.0 1.1 0.7 0.7 1.2 2.3 Reserves to external debt stocks (%) 44.3 16.9 16.3 26.4 18.5 18.5 20.9 23.8 Reserves to imports (months) 3.2 2.4 2.7 5.2 3.4 3.3 5.1 5.5 174 KAZAKHSTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,937 11,472 35,327 61,569 84,388 96,958 102,439 109,686 Public and publicly guaranteed 2,834 3,623 2,177 2,136 1,698 1,915 2,487 3,842 Official creditors 2,293 2,239 1,780 1,762 1,684 1,912 2,486 3,842 Multilateral 392 1,482 869 823 711 748 1,349 2,785 of which: IBRD 295 1,057 599 502 427 463 547 1,830 IDA 0 0 0 0 0 0 0 0 Bilateral 1,901 757 911 939 973 1,164 1,137 1,057 Private creditors 541 1,384 396 374 13 3 1 0 of which: Bonds 0 1,000 350 350 0 0 0 0 Commercial banks 17 263 46 24 13 3 1 0 Private nonguaranteed 103 7,849 33,150 59,433 82,690 95,043 99,952 105,844 of which: Bonds 0 100 7,550 13,814 24,623 24,125 22,097 21,044 Disbursements 740 3,057 17,237 37,916 44,750 40,925 30,524 50,133 Public and publicly guaranteed 671 623 197 177 160 145 717 1,519 Official creditors 421 168 197 177 160 145 717 1,519 Multilateral 171 95 80 106 112 95 659 1,497 of which: IBRD 107 50 37 29 67 65 115 1,320 IDA 0 0 0 0 0 0 0 0 Bilateral 250 73 117 71 48 51 58 22 Private creditors 249 455 0 0 0 0 0 0 of which: Bonds 0 350 0 0 0 0 0 0 Commercial banks 17 105 0 0 0 0 0 0 Private nonguaranteed 69 2,434 17,040 37,739 44,590 40,780 29,807 48,615 of which: Bonds 0 0 3,050 6,219 10,993 540 0 450 Principal repayments 105 2,153 11,450 12,172 23,596 29,035 20,103 42,789 Public and publicly guaranteed 95 216 1,090 222 640 131 131 278 Official creditors 27 133 1,018 200 279 120 130 278 Multilateral 0 31 921 160 226 58 59 61 of which: IBRD 0 20 658 130 143 28 32 37 IDA 0 0 0 0 0 0 0 0 Bilateral 27 102 97 40 53 62 71 217 Private creditors 68 83 72 22 361 11 2 1 of which: Bonds 0 0 0 0 350 0 0 0 Commercial banks 0 30 72 22 11 11 2 1 Private nonguaranteed 11 1,937 10,360 11,949 22,957 28,905 19,971 42,511 of which: Bonds 0 0 0 0 400 850 2,108 1,503 Interest payments 102 713 1,526 1,953 3,537 4,117 5,373 4,655 Public and publicly guaranteed 100 235 146 113 96 67 58 54 Official creditors 59 124 102 71 74 66 58 54 Multilateral 15 82 73 44 46 35 28 27 of which: IBRD 14 62 54 31 29 19 17 7 IDA 0 0 0 0 0 0 0 0 Bilateral 44 42 28 27 29 31 30 27 Private creditors 41 112 44 42 22 1 0 0 of which: Bonds 0 90 39 39 19 0 0 0 Commercial banks 0 14 5 3 2 1 0 0 Private nonguaranteed 1 477 1,380 1,839 3,441 4,051 5,315 4,601 of which: Bonds 0 11 543 834 1,510 1,802 1,706 1,525 8. Debt stock-flow reconciliation Total change in external debt stocks 961 6,304 10,662 28,964 23,099 11,736 3,837 7,608 Net flows on external debt 868 1,057 9,995 28,466 21,434 11,057 8,776 7,705 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 133 276 428 470 369 370 368 359 Interest 52 53 52 54 56 53 49 45 Private creditors Principal 26,883 19,282 10,193 14,991 11,450 9,159 12,126 16 Interest 2,528 1,910 1,473 1,076 778 488 255 107 Notes: Long-term private nonguaranteed debt includes only registered private debt of the National Bank of Kazakhstan. Short-term debt is based on the National Bank data from 2000. 175 KENYA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 7,309 6,141 6,428 6,622 7,462 7,549 8,182 8,400 Long-term external debt 6,302 5,216 5,770 5,867 6,229 6,387 6,720 6,978 Public and publicly guaranteed 5,857 5,041 5,770 5,867 6,229 6,387 6,720 6,978 Private nonguaranteed 445 175 0 0 0 0 0 0 Use of IMF credit 374 127 159 153 269 252 451 417 Short-term external debt 634 798 499 602 964 910 1,012 1,005 interest arrears on long-term 31 47 21 34 57 66 73 80 Memorandum items Principal arrears on long-term 6 142 141 334 308 271 276 242 Long-term public sector debt 5,857 5,041 5,770 5,867 6,229 6,387 6,720 6,978 Long-term private sector debt 445 175 0 0 0 0 0 0 Public & publicly guaranteed commitments 326 355 297 575 1,146 395 1,323 1,608 External debt flows Disbursements 677 377 242 126 456 350 747 530 Long-term external debt 677 333 168 126 341 350 538 530 IMF purchases 0 44 74 0 115 0 209 0 Principal repayments 605 449 447 334 345 298 275 284 Long-term external debt 566 407 439 320 335 287 257 258 IMF repurchases 39 42 7 14 10 11 18 26 Net flows 78 -31 -459 -118 450 -11 567 232 Long-term external debt 111 -74 -271 -194 6 63 281 272 Short-term external debt 6 41 -254 90 339 -63 95 -14 Interest payments 299 142 91 94 108 113 111 115 Long-term external debt 261 100 72 71 78 91 85 90 IMF charges 2 1 1 1 1 1 2 0 Short-term external debt 36 41 18 23 29 21 23 25 2. Other non-debt resource inflows Foreign direct investment 42 111 21 51 729 96 116 186 Portfolio equity 5 -6 3 2 0 5 3 33 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 19.2 18.9 19.8 17.0 18.1 16.1 Japanese yen 18.6 20.1 18.6 18.6 17.4 20.0 17.9 18.4 Pound sterling 3.8 2.5 0.6 0.7 0.6 0.4 0.4 0.4 Swiss franc 4.2 1.4 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 35.8 49.8 49.3 48.8 48.2 46.7 45.3 43.7 4. Average terms of new commitments Official creditors Interest (%) 2.1 1.1 1.5 1.7 1.1 1.3 1.3 1.0 Maturity (years) 35.7 39.0 32.4 33.4 39.7 30.6 32.8 33.6 Grace period (years) 9.8 10.0 7.7 8.9 9.9 8.3 8.9 10.0 Private creditors Interest (%) 4.8 7.5 0.0 0.0 0.0 1.0 3.9 2.7 Maturity (years) 5.2 5.9 0.0 0.0 17.3 13.0 7.8 8.3 Grace period (years) 0.6 1.4 0.0 0.0 2.5 1.5 3.3 1.8 5. Major economic aggregates Gross national income (GNI) 8,726 12,562 18,732 22,540 27,216 30,134 29,311 31,264 Exports of goods, services & income 3,580 2,821 5,416 6,045 7,223 8,467 7,567 9,037 Worker remit. & comp. of employees 298 538 805 1,128 1,588 1,692 1,686 1,777 Imports of goods, services & income 6,195 3,941 6,921 8,341 10,364 12,781 11,514 13,835 Profit remittances on FDI 116 29 35 39 124 52 60 67 Current account balance -1,578 -199 -252 -510 -1,032 -1,983 -1,689 -2,512 International reserves 384 898 1,799 2,416 3,355 2,879 3,850 4,321 6. Ratios External debt stocks to exports (%) 204.2 217.7 118.7 109.5 103.3 89.2 108.1 93.0 External debt stocks to GNI (%) 83.8 48.9 34.3 29.4 27.4 25.1 27.9 26.9 Debt service to exports (%) 25.3 20.9 9.9 7.1 6.3 4.9 5.1 4.4 Short-term to external debt stocks (%) 8.7 13.0 7.8 9.1 12.9 12.1 12.4 12.0 Multilateral to external debt stocks (%) 39.7 46.2 53.3 52.0 48.3 49.4 48.2 48.9 Reserves to external debt stocks (%) 5.3 14.6 28.0 36.5 45.0 38.1 47.0 51.4 Reserves to imports (months) 0.7 2.7 3.1 3.5 3.9 2.7 4.0 3.7 176 KENYA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 6,302 5,216 5,770 5,867 6,229 6,387 6,720 6,978 Public and publicly guaranteed 5,857 5,041 5,770 5,867 6,229 6,387 6,720 6,978 Official creditors 5,212 4,559 5,406 5,540 5,890 6,068 6,368 6,667 Multilateral 2,903 2,836 3,426 3,445 3,601 3,727 3,946 4,110 of which: IBRD 435 47 0 0 0 0 0 0 IDA 1,977 2,262 2,663 2,764 2,968 3,050 3,156 3,238 Bilateral 2,309 1,724 1,980 2,095 2,288 2,341 2,422 2,557 Private creditors 645 482 363 327 339 319 352 311 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 510 436 292 252 260 238 243 202 Private nonguaranteed 445 175 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 677 333 168 126 341 350 538 530 Public and publicly guaranteed 677 333 168 126 341 350 538 530 Official creditors 545 248 140 125 341 343 510 518 Multilateral 219 196 64 76 225 256 290 335 of which: IBRD 0 0 0 0 0 0 0 0 IDA 159 170 34 41 159 178 164 220 Bilateral 326 52 76 48 116 87 220 184 Private creditors 132 85 28 1 0 7 27 12 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 72 77 28 1 0 0 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 566 407 439 320 335 287 257 258 Public and publicly guaranteed 481 362 429 320 335 287 257 258 Official creditors 271 241 356 258 324 272 254 255 Multilateral 150 112 327 220 224 106 107 111 of which: IBRD 100 40 1 0 0 0 0 0 IDA 9 29 54 60 66 75 81 88 Bilateral 120 129 28 38 100 166 147 143 Private creditors 210 121 74 62 11 15 3 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 164 108 72 61 9 13 0 1 Private nonguaranteed 85 45 10 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 261 100 72 71 78 91 85 90 Public and publicly guaranteed 220 81 72 70 78 91 85 90 Official creditors 167 55 66 65 76 90 84 90 Multilateral 77 38 48 36 32 35 33 34 of which: IBRD 43 7 0 0 0 0 0 0 IDA 14 16 23 22 22 24 22 23 Bilateral 89 17 17 29 44 55 51 55 Private creditors 53 27 6 5 2 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 45 23 6 4 1 1 0 0 Private nonguaranteed 41 19 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 185 -334 -489 195 840 87 633 218 Net flows on external debt 78 -31 -459 -118 450 -11 567 232 9. Debt restructurings Total amount rescheduled 0 122 127 192 0 0 0 0 Total amount forgiven 0 10 3 8 0 0 5 31 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 343 356 361 345 377 405 445 480 Interest 100 104 105 104 101 96 90 83 Private creditors Principal 11 12 13 13 9 8 8 6 Interest 1 1 1 1 1 0 0 0 177 KOSOVO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks .. .. .. .. .. .. 358.5 342.2 Long-term external debt .. .. .. .. .. .. 358.5 342.2 Public and publicly guaranteed .. .. .. .. .. .. 358.5 342.2 Private nonguaranteed .. .. .. .. .. .. 0.0 0.0 Use of IMF credit .. .. .. .. .. .. 0.0 0.0 Short-term external debt .. .. .. .. .. .. 0.0 0.0 interest arrears on long-term .. .. .. .. .. .. 0.0 0.0 Memorandum items Principal arrears on long-term .. .. .. .. .. .. 0.0 0.0 Long-term public sector debt .. .. .. .. .. .. 358.5 342.2 Long-term private sector debt .. .. .. .. .. .. 0.0 0.0 Public & publicly guaranteed commitments .. .. .. .. .. .. 0.0 0.0 External debt flows Disbursements .. .. .. .. .. .. 0.0 0.0 Long-term external debt .. .. .. .. .. .. 0.0 0.0 IMF purchases .. .. .. .. .. .. 0.0 0.0 Principal repayments .. .. .. .. .. .. 207.7 16.3 Long-term external debt .. .. .. .. .. .. 207.7 16.3 IMF repurchases .. .. .. .. .. .. 0.0 0.0 Net flows .. .. .. .. .. .. -207.7 -16.3 Long-term external debt .. .. .. .. .. .. -207.7 -16.3 Short-term external debt .. .. .. .. .. .. 0.0 0.0 Interest payments .. .. .. .. .. .. 22.5 4.8 Long-term external debt .. .. .. .. .. .. 22.5 4.8 IMF charges .. .. .. .. .. .. 0.0 0.0 Short-term external debt .. .. .. .. .. .. 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment .. .. 133.8 369.8 603.2 536.8 408.1 413.4 Portfolio equity .. .. 0.0 0.0 0.0 0.0 0.0 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. .. .. .. 0.0 0.0 Japanese yen .. .. .. .. .. .. 0.0 0.0 Pound sterling .. .. .. .. .. .. 0.0 0.0 Swiss franc .. .. .. .. .. .. 0.0 0.0 U.S.dollars .. .. .. .. .. .. 100.0 100.0 4. Average terms of new commitments Official creditors Interest (%) .. .. .. .. .. .. 0.0 0.0 Maturity (years) .. .. .. .. .. .. 0.0 0.0 Grace period (years) .. .. .. .. .. .. 0.0 0.0 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) .. .. .. 4137.7 4977.5 5873.0 5566.8 5745.0 Exports of goods, services & income .. .. 625.8 789.4 1023.6 1175.3 1100.8 1343.1 Worker remit. & comp. of employees .. .. 705.2 773.8 922.1 1045.6 972.9 931.6 Imports of goods, services & income .. .. 1804.5 2025.4 2560.9 3259.9 3164.3 3381.7 Profit remittances on FDI .. .. 28.1 31.2 59.0 88.4 102.0 38.2 Current account balance .. .. -307.7 -283.6 -484.6 -920.9 -843.6 -859.8 International reserves .. .. .. .. 951.7 892.1 830.2 846.4 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. 32.6 25.5 External debt stocks to GNI (%) .. .. .. .. .. .. 6.4 6.0 Debt service to exports (%) .. .. .. .. .. .. 20.9 1.6 Short-term to external debt stocks (%) .. .. .. .. .. .. .. .. Multilateral to external debt stocks (%) .. .. .. .. .. .. 100.0 100.0 Reserves to external debt stocks (%) .. .. .. .. .. .. 231.6 247.3 Reserves to imports (months) .. .. .. .. 4.5 3.3 3.1 3.0 178 KOSOVO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed .. .. .. .. .. .. 358.5 342.2 Public and publicly guaranteed .. .. .. .. .. .. 358.5 342.2 Official creditors .. .. .. .. .. .. 358.5 342.2 Multilateral .. .. .. .. .. .. 358.5 342.2 of which: IBRD .. .. .. .. .. .. 358.5 342.2 IDA .. .. .. .. .. .. 0.0 0.0 Bilateral .. .. .. .. .. .. 0.0 0.0 Private creditors .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 Commercial banks .. .. .. .. .. .. 0.0 0.0 Private nonguaranteed .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 Disbursements .. .. .. .. .. .. 0.0 0.0 Public and publicly guaranteed .. .. .. .. .. .. 0.0 0.0 Official creditors .. .. .. .. .. .. 0.0 0.0 Multilateral .. .. .. .. .. .. 0.0 0.0 of which: IBRD .. .. .. .. .. .. 0.0 0.0 IDA .. .. .. .. .. .. 0.0 0.0 Bilateral .. .. .. .. .. .. 0.0 0.0 Private creditors .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 Commercial banks .. .. .. .. .. .. 0.0 0.0 Private nonguaranteed .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 Principal repayments .. .. .. .. .. .. 207.7 16.3 Public and publicly guaranteed .. .. .. .. .. .. 207.7 16.3 Official creditors .. .. .. .. .. .. 207.7 16.3 Multilateral .. .. .. .. .. .. 207.7 16.3 of which: IBRD .. .. .. .. .. .. 207.7 16.3 IDA .. .. .. .. .. .. 0.0 0.0 Bilateral .. .. .. .. .. .. 0.0 0.0 Private creditors .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 Commercial banks .. .. .. .. .. .. 0.0 0.0 Private nonguaranteed .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 Interest payments .. .. .. .. .. .. 22.5 4.8 Public and publicly guaranteed .. .. .. .. .. .. 22.5 4.8 Official creditors .. .. .. .. .. .. 22.5 4.8 Multilateral .. .. .. .. .. .. 22.5 4.8 of which: IBRD .. .. .. .. .. .. 22.5 4.8 IDA .. .. .. .. .. .. 0.0 0.0 Bilateral .. .. .. .. .. .. 0.0 0.0 Private creditors .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 Commercial banks .. .. .. .. .. .. 0.0 0.0 Private nonguaranteed .. .. .. .. .. .. 0.0 0.0 of which: Bonds .. .. .. .. .. .. 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. .. .. .. .. 0.0 -16.3 Net flows on external debt .. .. .. .. .. .. -207.7 -16.3 9. Debt restructurings Total amount rescheduled .. .. .. .. .. .. 0.0 0.0 Total amount forgiven .. .. .. .. .. .. 0.0 0.0 Debt buyback .. .. .. .. .. .. 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 16.3 16.3 16.3 16.3 16.3 16.3 16.3 0.0 Interest 4.6 4.3 4.1 3.9 3.7 3.5 3.2 0.0 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: Kosovo became independent in 2008 and, data are reported starting from 2009. 179 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 609 1,827 2,136 2,471 2,747 3,498 3,986 3,984 Long-term external debt 472 1,510 1,825 2,101 2,278 2,942 3,395 3,612 Public and publicly guaranteed 472 1,220 1,665 1,831 1,898 1,963 2,320 2,442 Private nonguaranteed 0 290 161 270 380 980 1,076 1,171 Use of IMF credit 124 188 178 163 150 165 167 177 Short-term external debt 13 129 132 206 319 391 424 195 interest arrears on long-term 11 10 3 5 7 6 2 12 Memorandum items Principal arrears on long-term 11 28 6 6 9 11 2 7 Long-term public sector debt 472 1,220 1,665 1,831 1,898 1,963 2,320 2,442 Long-term private sector debt 0 290 161 270 380 980 1,076 1,171 Public & publicly guaranteed commitments 164 201 86 16 46 96 609 156 External debt flows Disbursements 201 180 151 243 281 921 660 702 Long-term external debt 155 161 133 239 277 879 635 668 IMF purchases 46 19 18 4 4 42 26 34 Principal repayments 36 97 104 65 151 285 226 483 Long-term external debt 36 86 74 38 126 261 200 462 IMF repurchases 0 11 31 27 25 23 26 22 Net flows 165 152 -149 250 241 709 472 -20 Long-term external debt 119 75 59 202 151 617 435 206 Short-term external debt 0 69 -195 72 111 73 37 -238 Interest payments 24 76 35 31 38 51 43 73 Long-term external debt 20 69 21 19 23 42 37 69 IMF charges 4 2 1 1 1 1 1 0 Short-term external debt 0 5 13 11 15 8 5 4 2. Other non-debt resource inflows Foreign direct investment 96 -2 43 182 208 377 189 438 Portfolio equity 0 0 0 0 1 6 1 -18 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.8 3.5 4.3 4.0 3.5 3.1 Japanese yen 14.3 15.0 13.5 12.5 12.7 15.5 13.0 14.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.4 67.9 69.5 67.0 68.0 65.3 69.2 68.9 4. Average terms of new commitments Official creditors Interest (%) 3.7 1.0 1.0 1.4 0.5 1.6 1.3 1.2 Maturity (years) 28.4 35.8 36.2 31.6 26.7 21.7 31.5 36.1 Grace period (years) 8.1 9.5 9.3 8.1 7.3 5.9 6.5 9.4 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) 1,626 1,288 2,372 2,786 3,750 4,938 4,500 4,466 Exports of goods, services & income 452 590 963 1,326 2,065 2,812 2,582 2,543 Worker remit. & comp. of employees 1 9 322 481 715 1,232 992 1,275 Imports of goods, services & income 765 753 1,501 2,342 3,313 4,990 3,892 4,319 Profit remittances on FDI 0 37 36 40 40 173 126 327 Current account balance -235 -76 -37 -286 -227 -701 -102 -385 International reserves 134 262 612 817 1,177 1,225 1,584 1,720 6. Ratios External debt stocks to exports (%) 134.9 309.8 221.8 186.3 133.0 124.4 154.4 156.7 External debt stocks to GNI (%) 37.5 141.9 90.0 88.7 73.3 70.8 88.6 89.2 Debt service to exports (%) 13.3 29.4 14.4 7.2 9.2 11.9 10.4 21.9 Short-term to external debt stocks (%) 2.1 7.1 6.2 8.4 11.6 11.2 10.6 4.9 Multilateral to external debt stocks (%) 30.3 39.5 51.5 48.2 46.6 36.9 32.9 32.5 Reserves to external debt stocks (%) 21.9 14.3 28.7 33.1 42.8 35.0 39.7 43.2 Reserves to imports (months) 2.1 4.2 4.9 4.2 4.3 2.9 4.9 4.8 180 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 472 1,510 1,825 2,101 2,278 2,942 3,395 3,612 Public and publicly guaranteed 472 1,220 1,665 1,831 1,898 1,963 2,320 2,442 Official creditors 472 1,184 1,665 1,831 1,898 1,963 2,320 2,442 Multilateral 184 722 1,099 1,190 1,280 1,290 1,310 1,296 of which: IBRD 0 0 0 0 0 0 0 0 IDA 141 377 565 612 651 655 656 649 Bilateral 288 461 566 641 618 672 1,010 1,146 Private creditors 0 37 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 28 0 0 0 0 0 0 Private nonguaranteed 0 290 161 270 380 980 1,076 1,171 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 155 161 133 239 277 879 635 668 Public and publicly guaranteed 155 153 76 87 66 51 378 147 Official creditors 155 149 76 87 66 51 378 147 Multilateral 124 107 70 73 58 50 40 43 of which: IBRD 0 0 0 0 0 0 0 0 IDA 81 52 34 26 22 20 8 19 Bilateral 31 42 6 15 8 1 338 104 Private creditors 0 4 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 8 57 152 211 828 257 521 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 36 86 74 38 126 261 200 462 Public and publicly guaranteed 36 17 16 20 25 35 38 38 Official creditors 36 13 16 20 25 35 38 38 Multilateral 30 8 16 20 22 29 33 35 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 4 6 9 11 12 14 Bilateral 6 5 0 0 3 6 6 3 Private creditors 0 4 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 Private nonguaranteed 0 69 57 18 102 226 161 424 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 20 69 21 19 23 42 37 69 Public and publicly guaranteed 20 23 12 15 16 17 19 23 Official creditors 20 20 12 15 16 17 19 23 Multilateral 3 11 12 12 12 13 12 12 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 3 5 5 5 5 5 5 Bilateral 17 10 0 2 4 4 7 11 Private creditors 0 2 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 Private nonguaranteed 0 47 9 5 6 24 18 46 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 163 92 -296 335 276 751 488 -2 Net flows on external debt 165 152 -149 250 241 709 472 -20 9. Debt restructurings Total amount rescheduled 0 32 520 7 7 15 16 0 Total amount forgiven 0 0 17 0 8 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 58 59 64 73 89 100 106 114 Interest 36 37 36 36 35 34 33 33 Private creditors Principal 313 233 199 117 93 69 56 45 Interest 50 37 25 18 13 9 5 3 Notes: Data on long-term private nonguaranteed debt from 2008 are World Bank staff estimates based on reports provided by the country. 181 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,155 2,501 2,844 3,377 4,388 5,008 5,458 5,559 Long-term external debt 2,091 2,459 2,815 3,350 4,362 4,987 5,442 5,549 Public and publicly guaranteed 2,091 2,459 1,989 2,259 2,515 2,720 2,818 2,939 Private nonguaranteed 0 0 825 1,090 1,847 2,267 2,625 2,610 Use of IMF credit 64 42 29 27 26 21 16 10 Short-term external debt 0 0 0 0 0 0 0 0 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 1 0 0 0 0 0 0 Long-term public sector debt 2,091 2,459 1,989 2,259 2,515 2,720 2,818 2,939 Long-term private sector debt 0 0 825 1,090 1,847 2,267 2,625 2,610 Public & publicly guaranteed commitments 110 68 76 16 210 13 123 0 External debt flows Disbursements 110 77 472 491 1,058 756 599 233 Long-term external debt 92 77 472 491 1,058 756 599 233 IMF purchases 18 0 0 0 0 0 0 0 Principal repayments 19 31 85 134 135 147 151 226 Long-term external debt 17 23 79 130 132 143 146 221 IMF repurchases 2 8 6 3 3 4 6 6 Net flows 91 47 386 357 923 608 447 6 Long-term external debt 75 55 392 361 926 613 453 12 Short-term external debt 0 0 0 0 0 0 0 0 Interest payments 6 9 47 48 55 60 69 79 Long-term external debt 6 9 47 48 54 60 69 79 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 95 34 28 187 324 228 319 350 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 1.1 0.4 0.1 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 13.1 18.4 66.0 69.4 69.9 70.5 71.5 71.8 4. Average terms of new commitments Official creditors Interest (%) 2.5 1.4 3.6 1.4 1.3 1.1 1.5 0.0 Maturity (years) 37.1 31.6 27.9 24.9 26.1 29.1 20.4 0.0 Grace period (years) 9.7 8.1 6.2 8.7 9.6 8.0 6.0 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) 1,758 1,664 2,610 3,249 4,050 5,202 5,916 7,040 Exports of goods, services & income 415 513 762 1,122 1,244 1,526 1,486 .. Worker remit. & comp. of employees 22 1 1 4 6 18 38 41 Imports of goods, services & income 761 638 1,003 1,173 1,202 1,566 1,669 .. Profit remittances on FDI 6 0 25 23 48 26 43 .. Current account balance -237 -8 -174 75 139 115 9 .. International reserves 99 144 309 462 708 877 919 1,105 6. Ratios External debt stocks to exports (%) 519.1 487.3 373.0 301.1 352.6 328.3 367.3 .. External debt stocks to GNI (%) 122.6 150.3 109.0 104.0 108.4 96.3 92.3 79.0 Debt service to exports (%) 6.1 7.8 17.4 16.2 15.2 13.6 14.8 .. Short-term to external debt stocks (%) .. 0.0 .. .. .. .. .. .. Multilateral to external debt stocks (%) 28.8 41.6 53.6 49.6 42.1 39.3 36.1 35.7 Reserves to external debt stocks (%) 4.6 5.7 10.9 13.7 16.1 17.5 16.8 19.9 Reserves to imports (months) 1.6 2.7 3.7 4.7 7.1 6.7 6.6 .. 182 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,091 2,459 2,815 3,350 4,362 4,987 5,442 5,549 Public and publicly guaranteed 2,091 2,459 1,989 2,259 2,515 2,720 2,818 2,939 Official creditors 2,091 2,459 1,989 2,259 2,515 2,720 2,818 2,939 Multilateral 620 1,041 1,525 1,676 1,847 1,966 1,971 1,983 of which: IBRD 0 0 0 0 0 0 0 0 IDA 285 403 598 643 686 685 680 655 Bilateral 1,471 1,418 464 584 668 755 847 955 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 0 825 1,090 1,847 2,267 2,625 2,610 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 92 77 472 491 1,058 756 599 233 Public and publicly guaranteed 92 77 150 125 201 174 152 89 Official creditors 92 77 150 125 201 174 152 89 Multilateral 92 73 113 111 114 84 50 25 of which: IBRD 0 0 0 0 0 0 0 0 IDA 28 20 35 26 27 17 4 3 Bilateral 0 4 37 14 87 90 102 64 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 0 321 366 857 581 447 144 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 17 23 79 130 132 143 146 221 Public and publicly guaranteed 17 23 39 29 33 43 57 62 Official creditors 17 23 39 29 33 43 57 62 Multilateral 4 9 22 25 30 40 47 56 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 4 9 9 11 13 14 15 Bilateral 14 14 17 5 3 3 10 6 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 40 101 100 100 89 159 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 6 9 47 48 54 60 69 79 Public and publicly guaranteed 6 9 14 20 18 23 25 29 Official creditors 6 9 14 20 18 23 25 29 Multilateral 5 9 14 15 16 18 18 18 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 3 5 5 5 5 5 5 Bilateral 1 0 0 5 2 5 7 10 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 32 28 37 37 43 50 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 86 -31 228 533 1,011 620 450 101 Net flows on external debt 91 47 386 357 923 608 447 6 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 98 105 110 115 116 121 136 140 Interest 32 32 31 30 29 28 29 28 Private creditors Principal 705 496 444 261 209 157 131 104 Interest 114 85 58 42 30 20 13 6 Notes: Data on long-term public and publicly guaranteed debt are World Bank staff estimates based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. 183 LATVIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 463 4,855 14,240 22,496 39,040 41,847 41,822 39,555 Long-term external debt 271 1,979 6,747 12,021 22,335 26,879 30,408 25,319 Public and publicly guaranteed 271 827 1,053 1,257 1,477 1,945 6,602 6,891 Private nonguaranteed 0 1,151 5,694 10,764 20,858 24,934 23,806 18,428 Use of IMF credit 160 35 0 0 0 825 1,119 1,513 Short-term external debt 31 2,842 7,493 10,476 16,705 14,144 10,295 12,723 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 252 818 1,034 1,239 1,460 1,930 6,590 6,837 Long-term private sector debt 19 1,160 5,713 10,782 20,875 24,949 23,818 18,482 Public & publicly guaranteed commitments 116 98 211 3 11 1,325 4,739 2,665 External debt flows Disbursements 75 410 5,160 6,862 9,281 10,604 10,372 7,103 Long-term external debt 75 410 5,160 6,862 9,281 9,758 10,097 6,694 IMF purchases 0 0 0 0 0 846 275 410 Principal repayments 10 330 2,699 2,542 3,036 4,365 6,628 9,671 Long-term external debt 7 319 2,699 2,542 3,036 4,365 6,628 9,671 IMF repurchases 3 10 0 0 0 0 0 0 Net flows 90 848 2,246 7,303 12,474 3,678 -105 -139 Long-term external debt 68 91 2,461 4,320 6,245 5,393 3,469 -2,977 Short-term external debt 25 767 -215 2,983 6,229 -2,561 -3,849 2,428 Interest payments 24 270 535 723 1,547 1,755 946 876 Long-term external debt 14 107 155 274 756 1,152 772 686 IMF charges 9 2 0 0 0 0 17 33 Short-term external debt 1 161 380 449 791 603 156 156 2. Other non-debt resource inflows Foreign direct investment 180 413 714 1,664 2,316 1,357 94 369 Portfolio equity 0 -7 12 22 -12 -50 -8 9 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 87.6 90.6 92.9 95.6 99.0 99.3 Japanese yen 26.2 4.7 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 0.6 0.2 0.2 0.1 0.1 0.0 0.0 U.S.dollars 45.0 20.0 11.7 8.9 6.8 4.2 1.0 0.7 4. Average terms of new commitments Official creditors Interest (%) 5.3 5.8 2.3 3.9 0.0 4.5 3.1 3.8 Maturity (years) 14.1 14.9 19.4 25.1 0.0 16.0 6.7 11.9 Grace period (years) 4.1 5.8 7.2 5.1 0.0 16.0 5.5 5.0 Private creditors Interest (%) 5.1 0.0 0.0 0.0 4.0 5.5 4.6 0.0 Maturity (years) 4.0 0.0 0.0 0.0 8.7 10.0 3.2 0.0 Grace period (years) 2.5 0.0 0.0 0.0 0.2 10.0 1.9 0.0 5. Major economic aggregates Gross national income (GNI) 5,259 7,814 15,839 19,347 27,842 33,338 27,851 24,073 Exports of goods, services & income .. .. 8,295 9,861 13,419 15,958 12,555 13,808 Worker remit. & comp. of employees .. 72 381 482 552 601 591 614 Imports of goods, services & income 2,246 4,010 10,884 14,862 20,223 21,219 11,155 14,055 Profit remittances on FDI 0 92 617 983 1,240 611 -1,462 129 Current account balance -16 -371 -1,992 -4,522 -6,425 -4,492 2,284 731 International reserves 602 919 2,360 4,511 5,761 5,244 6,902 7,606 6. Ratios External debt stocks to exports (%) .. .. 171.7 228.1 290.9 262.2 333.1 286.5 External debt stocks to GNI (%) 8.8 62.1 89.9 116.3 140.2 125.5 150.2 164.3 Debt service to exports (%) .. .. 39.0 33.1 34.2 38.4 60.3 76.4 Short-term to external debt stocks (%) 6.7 58.5 52.6 46.6 42.8 33.8 24.6 32.2 Multilateral to external debt stocks (%) 30.1 11.2 2.2 1.9 1.4 1.8 10.7 13.3 Reserves to external debt stocks (%) 130.1 18.9 16.6 20.1 14.8 12.5 16.5 19.2 Reserves to imports (months) 3.2 2.8 2.6 3.6 3.4 3.0 7.4 6.5 184 LATVIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 271 1,979 6,747 12,021 22,335 26,879 30,408 25,319 Public and publicly guaranteed 271 827 1,053 1,257 1,477 1,945 6,602 6,891 Official creditors 200 591 338 462 582 764 4,503 5,256 Multilateral 139 543 311 433 550 734 4,473 5,246 of which: IBRD 55 242 111 100 85 61 327 421 IDA 0 0 0 0 0 0 0 0 Bilateral 61 49 27 29 32 30 30 11 Private creditors 71 236 715 795 895 1,181 2,099 1,635 of which: Bonds 39 209 708 790 883 1,113 1,152 1,069 Commercial banks 0 2 0 0 9 65 946 566 Private nonguaranteed 0 1,151 5,694 10,764 20,858 24,934 23,806 18,428 of which: Bonds 0 0 124 380 442 278 278 267 Disbursements 75 410 5,160 6,862 9,281 9,758 10,097 6,694 Public and publicly guaranteed 75 94 21 125 118 915 4,504 1,237 Official creditors 26 91 21 125 110 264 3,653 1,130 Multilateral 23 91 21 125 110 264 3,653 1,130 of which: IBRD 9 63 2 0 0 0 295 135 IDA 0 0 0 0 0 0 0 0 Bilateral 3 1 0 0 0 0 0 0 Private creditors 49 3 0 0 8 650 851 106 of which: Bonds 43 0 0 0 0 587 0 0 Commercial banks 0 0 0 0 8 63 851 106 Private nonguaranteed 0 316 5,139 6,737 9,162 8,843 5,593 5,457 of which: Bonds 0 0 125 246 0 0 0 0 Principal repayments 7 319 2,699 2,542 3,036 4,365 6,628 9,671 Public and publicly guaranteed 7 81 96 35 41 343 47 478 Official creditors 4 73 93 32 39 45 44 62 Multilateral 4 53 79 32 39 45 44 44 of which: IBRD 0 9 64 19 22 24 22 17 IDA 0 0 0 0 0 0 0 0 Bilateral 0 19 15 0 0 0 0 18 Private creditors 3 8 3 3 1 298 2 417 of which: Bonds 0 0 0 0 0 294 0 0 Commercial banks 0 1 0 0 0 2 1 416 Private nonguaranteed 0 239 2,603 2,507 2,995 4,022 6,582 9,192 of which: Bonds 0 30 0 6 0 139 139 0 Interest payments 14 107 155 274 756 1,152 772 686 Public and publicly guaranteed 14 50 50 51 60 73 111 178 Official creditors 13 34 15 16 22 29 33 111 Multilateral 9 31 14 15 20 28 32 110 of which: IBRD 3 12 7 5 5 4 5 8 IDA 0 0 0 0 0 0 0 0 Bilateral 4 3 1 1 1 2 1 1 Private creditors 1 16 35 35 38 44 79 67 of which: Bonds 0 15 35 35 38 41 54 52 Commercial banks 0 0 0 0 0 3 24 15 Private nonguaranteed 0 57 104 223 696 1,079 661 508 of which: Bonds 0 2 6 16 21 20 20 15 8. Debt stock-flow reconciliation Total change in external debt stocks 89 794 1,838 8,256 16,544 2,807 -25 -2,267 Net flows on external debt 90 848 2,246 7,303 12,474 3,678 -105 -139 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 52 33 68 1,425 1,942 507 496 492 Interest 180 215 243 240 203 170 155 139 Private creditors Principal 5,477 3,469 3,106 2,371 1,473 1,129 927 1,280 Interest 1,229 488 395 312 204 164 134 115 Notes: Short-term figures have been revised from 2006 as per the country reports. 185 LEBANON (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,974 10,244 23,327 25,112 25,636 24,321 24,500 24,293 Long-term external debt 1,609 7,704 19,877 20,912 21,437 21,066 21,285 20,713 Public and publicly guaranteed 1,559 6,968 18,866 20,107 20,907 20,596 20,615 20,213 Private nonguaranteed 50 736 1,011 805 530 470 670 500 Use of IMF credit 0 0 0 0 80 117 119 98 Short-term external debt 1,365 2,541 3,450 4,200 4,118 3,138 3,096 3,482 interest arrears on long-term 10 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 43 0 0 0 0 0 0 0 Long-term public sector debt 1,559 6,942 18,866 20,107 20,907 20,596 20,615 20,213 Long-term private sector debt 50 762 1,011 805 530 470 670 500 Public & publicly guaranteed commitments 1,553 2,188 2,991 3,808 3,329 2,598 2,964 1,925 External debt flows Disbursements 907 2,445 3,179 3,817 3,452 2,749 3,332 2,143 Long-term external debt 907 2,445 3,179 3,817 3,374 2,709 3,332 2,143 IMF purchases 0 0 0 0 78 40 0 0 Principal repayments 104 884 2,172 3,004 3,078 2,905 3,096 2,651 Long-term external debt 104 884 2,172 3,004 3,078 2,905 3,096 2,632 IMF repurchases 0 0 0 0 0 0 0 19 Net flows 829 1,900 486 1,563 291 -1,136 195 -122 Long-term external debt 803 1,561 1,007 813 296 -196 237 -489 Short-term external debt 26 339 -521 750 -82 -980 -42 386 Interest payments 121 607 1,462 1,516 1,646 1,603 1,616 1,605 Long-term external debt 55 475 1,287 1,316 1,430 1,442 1,475 1,454 IMF charges 0 0 0 0 2 3 2 1 Short-term external debt 67 132 175 200 213 157 139 150 2. Other non-debt resource inflows Foreign direct investment .. .. 2,624 2,675 3,376 4,333 4,804 4,955 Portfolio equity .. .. 1,436 551 791 466 929 -50 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 9.0 9.9 9.8 9.7 9.1 8.3 Japanese yen 0.0 0.1 0.1 0.1 0.2 0.3 0.3 0.4 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 68.8 67.9 85.7 85.3 85.8 86.3 86.9 87.9 4. Average terms of new commitments Official creditors Interest (%) 5.4 7.5 4.6 3.8 4.5 4.0 2.4 0.0 Maturity (years) 18.7 14.7 19.0 27.0 18.7 16.4 29.0 0.0 Grace period (years) 4.4 5.2 4.1 9.7 7.1 4.2 7.0 0.0 Private creditors Interest (%) 8.8 9.1 7.4 7.6 6.1 8.9 7.9 6.0 Maturity (years) 7.9 4.9 5.7 10.3 7.5 5.8 6.8 9.7 Grace period (years) 4.6 4.7 5.4 10.2 4.9 5.8 6.8 9.7 5. Major economic aggregates Gross national income (GNI) 12,211 17,581 21,652 22,621 25,797 30,517 34,194 40,032 Exports of goods, services & income .. .. 15,242 17,250 19,914 25,548 23,645 22,229 Worker remit. & comp. of employees .. .. 4,924 5,202 5,769 7,181 7,558 5,114 Imports of goods, services & income .. .. 19,053 20,335 24,287 32,011 32,214 32,188 Profit remittances on FDI .. .. 95 96 64 121 95 208 Current account balance .. .. -2,748 -1,116 -1,605 -4,103 -6,741 -9,415 International reserves 8,100 8,475 16,618 19,239 20,599 28,265 39,132 44,476 6. Ratios External debt stocks to exports (%) .. .. 153.0 145.6 128.7 95.2 103.6 109.3 External debt stocks to GNI (%) 24.4 58.3 107.7 111.0 99.4 79.7 71.7 60.7 Debt service to exports (%) .. .. 23.8 26.2 23.7 17.6 19.9 19.1 Short-term to external debt stocks (%) 45.9 24.8 14.8 16.7 16.1 12.9 12.6 14.3 Multilateral to external debt stocks (%) 6.9 8.7 5.1 5.2 5.6 5.5 5.5 5.4 Reserves to external debt stocks (%) 272.3 82.7 71.2 76.6 80.4 116.2 159.7 183.1 Reserves to imports (months) .. .. 10.5 11.4 10.2 10.6 14.6 16.6 186 LEBANON (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,609 7,704 19,877 20,912 21,437 21,066 21,285 20,713 Public and publicly guaranteed 1,559 6,968 18,866 20,107 20,907 20,596 20,615 20,213 Official creditors 436 1,290 2,172 2,312 2,437 2,432 2,356 2,226 Multilateral 206 890 1,193 1,304 1,438 1,349 1,339 1,320 of which: IBRD 113 248 360 314 437 368 318 321 IDA 0 0 0 0 0 0 0 0 Bilateral 230 400 979 1,008 999 1,082 1,017 906 Private creditors 1,123 5,677 16,694 17,796 18,470 18,165 18,259 17,987 of which: Bonds 700 5,260 16,142 17,253 17,707 17,490 17,704 17,422 Commercial banks 359 403 545 534 755 667 549 559 Private nonguaranteed 50 736 1,011 805 530 470 670 500 of which: Bonds 50 736 1,011 805 530 470 670 500 Disbursements 907 2,445 3,179 3,817 3,374 2,709 3,332 2,143 Public and publicly guaranteed 857 2,330 2,649 3,817 3,374 2,709 3,132 2,143 Official creditors 213 238 106 238 287 421 223 199 Multilateral 80 200 78 213 242 161 173 134 of which: IBRD 51 42 32 37 162 40 23 24 IDA 0 0 0 0 0 0 0 0 Bilateral 133 38 28 25 45 260 51 65 Private creditors 644 2,092 2,543 3,579 3,087 2,288 2,909 1,943 of which: Bonds 300 2,031 2,500 3,547 2,738 2,257 2,894 1,925 Commercial banks 340 61 43 29 349 30 15 17 Private nonguaranteed 50 115 530 0 0 0 200 0 of which: Bonds 50 115 530 0 0 0 200 0 Principal repayments 104 884 2,172 3,004 3,078 2,905 3,096 2,632 Public and publicly guaranteed 104 834 1,907 2,798 2,803 2,845 3,096 2,462 Official creditors 93 74 143 232 362 375 334 298 Multilateral 10 44 100 158 218 232 187 161 of which: IBRD 4 17 38 90 48 116 73 20 IDA 0 0 0 0 0 0 0 0 Bilateral 83 30 43 74 144 143 147 137 Private creditors 11 760 1,764 2,566 2,441 2,470 2,762 2,164 of which: Bonds 0 400 1,695 2,507 2,369 2,430 2,706 2,151 Commercial banks 9 358 68 58 71 39 55 12 Private nonguaranteed 0 50 265 206 275 60 0 170 of which: Bonds 0 50 265 206 275 60 0 170 Interest payments 55 475 1,287 1,316 1,430 1,442 1,475 1,454 Public and publicly guaranteed 55 418 1,197 1,242 1,373 1,402 1,431 1,403 Official creditors 19 57 92 87 101 105 88 100 Multilateral 11 44 49 49 60 57 44 63 of which: IBRD 7 14 15 18 19 20 11 4 IDA 0 0 0 0 0 0 0 0 Bilateral 8 14 42 38 42 48 43 37 Private creditors 35 361 1,106 1,155 1,271 1,297 1,344 1,303 of which: Bonds 20 300 1,087 1,144 1,252 1,279 1,328 1,289 Commercial banks 12 59 18 10 19 17 15 13 Private nonguaranteed 0 57 90 74 57 40 43 51 of which: Bonds 0 57 90 74 57 40 43 51 8. Debt stock-flow reconciliation Total change in external debt stocks 839 1,760 200 1,785 523 -1,314 179 -207 Net flows on external debt 829 1,900 486 1,563 291 -1,136 195 -122 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 535 484 314 312 257 237 226 190 Interest 95 90 81 74 65 57 48 39 Private creditors Principal 2,257 2,951 1,955 1,988 1,179 1,579 1,929 580 Interest 1,283 1,134 914 763 673 550 409 326 Notes: Data on long-term private nonguaranteed debt only cover Bonds. 187 LESOTHO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 684.4 671.8 662.0 649.8 677.6 688.8 704.8 725.9 Long-term external debt 642.0 656.7 618.9 613.5 642.2 659.2 680.6 697.7 Public and publicly guaranteed 642.0 656.7 618.9 613.5 642.2 659.2 680.6 697.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 38.4 11.1 35.0 36.3 35.4 29.7 24.1 28.2 Short-term external debt 4.0 4.0 8.0 0.0 0.0 0.0 0.0 0.0 interest arrears on long-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 641.3 656.4 618.9 613.5 642.2 659.2 680.6 697.7 Long-term private sector debt 0.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 67.4 33.9 15.0 21.5 61.2 41.5 36.2 238.5 External debt flows Disbursements 70.4 69.4 21.1 28.6 38.3 45.8 37.4 52.7 Long-term external debt 70.4 69.4 21.1 28.6 38.3 45.8 37.4 40.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.9 Principal repayments 24.7 38.3 65.3 36.1 33.8 29.5 30.6 27.1 Long-term external debt 22.0 33.2 65.3 35.6 31.1 24.5 24.6 19.6 IMF repurchases 2.7 5.2 0.0 0.5 2.7 5.0 5.9 7.5 Net flows 45.7 31.0 -43.2 -15.5 4.5 16.3 6.8 25.6 Long-term external debt 48.4 36.2 -44.2 -7.0 7.2 21.3 12.7 21.2 Short-term external debt 0.0 0.0 1.0 -8.0 0.0 0.0 0.0 0.0 Interest payments 16.1 23.2 14.2 9.6 64.5 8.0 7.6 7.5 Long-term external debt 15.7 22.9 13.7 9.2 64.3 7.8 7.4 7.5 IMF charges 0.2 0.0 0.2 0.2 0.2 0.2 0.1 0.0 Short-term external debt 0.2 0.2 0.3 0.2 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 275.3 32.4 69.1 58.5 104.5 110.0 100.9 117.0 Portfolio equity .. .. 0.0 1.3 0.0 0.0 0.0 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 9.8 9.8 9.2 7.5 6.8 5.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.8 1.8 0.9 0.7 0.5 0.4 0.4 0.3 Swiss franc 0.0 1.9 0.2 0.0 0.0 0.0 0.0 0.0 U.S.dollars 22.1 26.9 39.3 41.8 43.2 43.8 43.6 45.3 4. Average terms of new commitments Official creditors Interest (%) 5.9 0.3 1.7 0.8 3.2 1.7 1.0 5.0 Maturity (years) 27.5 19.3 31.0 38.1 31.0 23.9 40.9 27.0 Grace period (years) 5.7 5.4 8.5 10.3 7.8 6.3 9.3 6.6 Private creditors Interest (%) 6.5 4.6 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.9 2.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 0.5 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1151.5 973.6 1856.0 1858.2 2008.5 2131.0 2267.8 2552.8 Exports of goods, services & income 670.6 542.5 1397.6 1477.1 1654.9 1695.8 1550.2 1778.1 Worker remit. & comp. of employees 410.5 478.1 603.5 586.0 625.1 596.2 623.0 745.9 Imports of goods, services & income 1203.8 832.8 1888.5 1970.8 2251.8 2244.8 2276.4 2860.8 Profit remittances on FDI 71.4 15.0 191.6 249.4 301.2 333.9 296.4 338.9 Current account balance -323.0 -151.4 -16.9 82.6 98.5 143.7 -2.4 -421.4 International reserves 456.7 417.9 519.1 658.4 .. .. .. .. 6. Ratios External debt stocks to exports (%) 102.1 123.8 47.4 44.0 40.9 40.6 45.5 40.8 External debt stocks to GNI (%) 59.4 69.0 35.7 35.0 33.7 32.3 31.1 28.4 Debt service to exports (%) 6.1 11.3 5.7 3.1 5.9 2.2 2.5 1.9 Short-term to external debt stocks (%) 0.6 0.6 1.2 .. .. .. 0.0 .. Multilateral to external debt stocks (%) 68.2 70.8 78.3 84.4 86.8 87.1 86.1 85.8 Reserves to external debt stocks (%) 66.7 62.2 78.4 101.3 .. .. .. .. Reserves to imports (months) 4.6 6.0 3.3 4.0 .. .. .. .. 188 LESOTHO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 642.0 656.7 618.9 613.5 642.2 659.2 680.6 697.7 Public and publicly guaranteed 642.0 656.7 618.9 613.5 642.2 659.2 680.6 697.7 Official creditors 607.1 580.9 590.6 591.9 624.6 646.6 667.1 684.1 Multilateral 466.9 475.7 518.4 548.2 587.8 599.9 606.8 622.7 of which: IBRD 54.0 58.6 12.7 9.1 4.2 3.3 2.5 1.8 IDA 152.8 183.2 258.2 274.6 293.2 302.7 310.7 328.4 Bilateral 140.1 105.3 72.2 43.7 36.8 46.7 60.3 61.4 Private creditors 34.9 75.8 28.4 21.6 17.5 12.5 13.6 13.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 22.8 74.5 27.6 20.8 16.8 11.9 13.0 13.2 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 70.4 69.4 21.1 28.6 38.3 45.8 37.4 40.8 Public and publicly guaranteed 70.4 69.4 21.1 28.6 38.3 45.8 37.4 40.8 Official creditors 54.5 67.4 21.1 28.5 38.3 45.8 37.4 40.8 Multilateral 41.1 21.2 17.1 28.1 37.6 29.5 21.6 37.4 of which: IBRD 11.2 9.9 0.1 0.0 0.0 0.0 0.0 0.0 IDA 8.8 7.8 13.1 10.8 14.0 17.2 12.8 29.4 Bilateral 13.4 46.2 3.9 0.4 0.6 16.3 15.7 3.4 Private creditors 16.0 2.0 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 16.0 2.0 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 22.0 33.2 65.3 35.6 31.1 24.5 24.6 19.6 Public and publicly guaranteed 22.0 33.2 65.3 35.6 31.1 24.5 24.6 19.6 Official creditors 17.8 26.4 32.0 27.5 25.8 21.3 23.9 19.3 Multilateral 14.1 14.1 19.7 19.4 22.0 17.8 21.0 16.5 of which: IBRD 0.0 3.9 3.6 3.6 3.6 1.0 0.7 0.7 IDA 1.3 2.5 5.0 5.3 6.0 6.3 6.9 7.2 Bilateral 3.7 12.2 12.3 8.2 3.8 3.5 2.9 2.8 Private creditors 4.2 6.8 33.3 8.1 5.3 3.2 0.7 0.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 2.0 6.8 33.2 8.0 5.2 3.1 0.6 0.2 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 15.7 22.9 13.7 9.2 64.3 7.8 7.4 7.5 Public and publicly guaranteed 15.7 22.9 13.7 9.2 64.3 7.8 7.4 7.5 Official creditors 12.4 16.0 7.7 7.1 63.3 6.7 6.9 6.4 Multilateral 8.6 7.7 5.5 5.4 5.4 5.3 5.3 4.8 of which: IBRD 3.5 3.2 0.5 0.6 0.5 0.0 0.1 0.0 IDA 1.1 1.4 2.1 2.1 2.2 2.3 2.2 2.3 Bilateral 3.8 8.3 2.1 1.7 57.9 1.4 1.6 1.6 Private creditors 3.3 7.0 6.0 2.1 1.1 1.1 0.5 1.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.0 7.0 6.0 2.0 1.0 1.1 0.5 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 8. Debt stock-flow reconciliation Total change in external debt stocks 61.8 -10.2 -104.7 -12.1 27.8 11.2 16.0 21.1 Net flows on external debt 45.7 31.0 -43.2 -15.5 4.5 16.3 6.8 25.6 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 18.3 5.9 1.4 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 25.4 27.0 29.0 29.3 28.0 37.4 38.6 38.8 Interest 7.5 11.5 14.2 15.9 16.7 17.0 16.5 15.9 Private creditors Principal 0.2 0.2 0.2 0.2 8.2 0.2 0.2 0.2 Interest 1.2 1.2 1.2 1.2 1.2 0.1 0.1 0.1 Notes: Large interest payment was made during 2007 to a creditor country to settle a long standing claim. 189 LIBERIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2458.0 2792.1 3897.6 4114.1 3721.5 3128.1 1655.6 228.0 Long-term external debt 1152.8 1104.0 1179.1 1203.8 1033.5 865.0 673.1 183.6 Public and publicly guaranteed 1152.8 1104.0 1179.1 1203.8 1033.5 865.0 673.1 183.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 335.6 292.3 319.6 335.7 351.9 858.0 891.2 44.4 Short-term external debt 969.6 1395.8 2398.9 2574.6 2336.1 1405.1 91.3 0.0 interest arrears on long-term 925.6 1395.8 2398.9 2574.6 2336.1 1405.1 91.3 0.0 Memorandum items Principal arrears on long-term 958.5 1112.5 1284.1 1339.8 1267.9 424.1 250.4 78.6 Long-term public sector debt 1152.8 1104.0 1179.1 1203.8 1033.5 865.0 673.1 183.6 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 0.0 0.0 5.0 0.0 0.0 0.0 10.0 External debt flows Disbursements 0.0 0.0 0.0 0.0 0.0 880.5 17.6 17.3 Long-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 IMF purchases 0.0 0.0 0.0 0.0 0.0 880.5 17.6 13.6 Principal repayments 0.1 0.6 0.1 0.7 261.4 389.5 36.3 3.7 Long-term external debt 0.0 0.0 0.0 0.0 260.7 37.5 36.3 3.7 IMF repurchases 0.1 0.6 0.1 0.7 0.7 352.0 0.0 0.0 Net flows -0.1 -0.6 -0.1 -0.7 -261.4 491.1 -18.6 13.5 Long-term external debt 0.0 0.0 0.0 0.0 -260.7 -37.5 -36.3 0.0 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.5 0.1 0.9 0.1 380.5 545.0 27.7 1.8 Long-term external debt 0.0 0.0 0.0 0.0 380.5 69.0 16.8 0.6 IMF charges 1.5 0.1 0.8 0.0 0.0 475.9 10.9 1.2 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 5.0 20.8 82.8 107.9 131.6 394.5 217.8 452.9 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 11.6 12.7 16.5 2.4 2.6 0.0 Japanese yen 7.7 7.2 6.6 6.4 7.8 8.2 0.0 0.0 Pound sterling 1.2 1.2 1.2 1.2 0.9 0.8 1.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 48.8 56.8 53.7 52.8 64.8 82.7 88.9 95.2 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 Maturity (years) 0.0 0.0 0.0 25.1 0.0 0.0 0.0 39.5 Grace period (years) 0.0 0.0 0.0 15.0 0.0 0.0 0.0 10.0 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) .. 388.5 417.2 443.9 559.9 672.8 734.4 804.5 Exports of goods, services & income .. .. 354.7 509.5 562.2 781.0 472.2 430.9 Worker remit. & comp. of employees .. .. 31.9 78.8 62.0 58.1 25.1 26.7 Imports of goods, services & income .. 300.3 1317.7 1882.4 1924.2 2310.7 1850.0 1806.8 Profit remittances on FDI .. .. 7.1 14.0 14.7 22.5 5.8 0.1 Current account balance .. -84.4 -183.5 -172.8 -223.2 -354.3 -277.2 -415.7 International reserves 28.1 0.3 25.4 72.0 119.4 160.9 372.5 .. 6. Ratios External debt stocks to exports (%) .. .. 1098.8 807.5 661.9 400.5 350.6 52.9 External debt stocks to GNI (%) .. 718.7 934.2 926.8 664.7 464.9 225.4 28.3 Debt service to exports (%) .. .. 0.3 0.2 114.2 119.6 13.5 1.3 Short-term to external debt stocks (%) 39.4 50.0 61.5 62.6 62.8 44.9 5.5 .. Multilateral to external debt stocks (%) 18.4 14.2 11.3 10.9 5.2 5.0 9.3 27.7 Reserves to external debt stocks (%) 1.1 0.0 0.7 1.7 3.2 5.1 22.5 .. Reserves to imports (months) .. 0.0 0.2 0.5 0.7 0.8 2.4 .. 190 LIBERIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1152.8 1104.0 1179.1 1203.8 1033.5 865.0 673.1 183.6 Public and publicly guaranteed 1152.8 1104.0 1179.1 1203.8 1033.5 865.0 673.1 183.6 Official creditors 945.3 907.3 981.3 1005.2 831.0 669.8 652.6 183.6 Multilateral 453.3 395.3 440.1 447.9 192.2 157.9 154.5 63.1 of which: IBRD 160.9 129.8 145.6 146.6 0.0 0.0 0.0 0.0 IDA 108.1 100.1 105.9 108.9 76.6 72.0 69.0 0.0 Bilateral 492.0 511.9 541.2 557.2 638.7 511.9 498.1 120.5 Private creditors 207.5 196.8 197.7 198.7 202.5 195.2 20.5 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 186.8 179.7 178.5 178.2 180.8 195.2 20.5 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 Public and publicly guaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 Official creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 Multilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: IBRD 0.0 0.0 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 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 0.0 0.0 0.0 0.0 260.7 37.5 36.3 3.7 Public and publicly guaranteed 0.0 0.0 0.0 0.0 260.7 37.5 36.3 3.7 Official creditors 0.0 0.0 0.0 0.0 260.7 37.5 4.3 3.7 Multilateral 0.0 0.0 0.0 0.0 260.7 37.5 4.3 3.7 of which: IBRD 0.0 0.0 0.0 0.0 162.5 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 35.3 4.3 3.3 1.7 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 32.0 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 32.0 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 0.0 0.0 0.0 0.0 380.5 69.0 16.8 0.6 Public and publicly guaranteed 0.0 0.0 0.0 0.0 380.5 69.0 16.8 0.6 Official creditors 0.0 0.0 0.0 0.0 380.5 69.0 11.8 0.6 Multilateral 0.0 0.0 0.0 0.0 380.5 69.0 11.8 0.6 of which: IBRD 0.0 0.0 0.0 0.0 292.3 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 17.7 1.0 0.5 0.3 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 5.0 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 5.0 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 110.1 246.7 89.3 216.5 -392.5 -593.4 -1472.5 -1427.7 Net flows on external debt -0.1 -0.6 -0.1 -0.7 -261.4 491.1 -18.6 13.5 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 295.0 2.7 92.1 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 637.0 1449.2 1506.7 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 32.0 0.0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 6.7 7.9 7.9 7.9 7.1 6.2 5.8 4.5 Interest 1.4 1.3 1.2 1.1 0.9 0.8 0.8 0.7 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: Historical data for long-term public and publicly guaranteed debt are revised based on reports provided by the Ministry of Finance. Data include the effects of Paris Club rescheduling agreement signed in 2008 and 2010 and of MDRI, in the amount of $64,756 thousand in 2010. 191 LITHUANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 769 4,723 11,433 18,571 29,443 31,788 31,821 29,602 Long-term external debt 459 3,417 6,108 12,865 21,680 23,614 25,871 24,133 Public and publicly guaranteed 430 2,206 2,001 4,588 5,879 5,347 9,072 11,664 Private nonguaranteed 29 1,211 4,107 8,277 15,800 18,267 16,800 12,468 Use of IMF credit 262 192 0 0 0 0 0 0 Short-term external debt 49 1,114 5,325 5,706 7,763 8,174 5,949 5,469 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 424 2,128 1,978 4,575 5,871 5,343 9,072 11,664 Long-term private sector debt 34 1,290 4,130 8,290 15,809 18,271 16,800 12,468 Public & publicly guaranteed commitments 422 828 0 2,513 822 110 4,458 3,214 External debt flows Disbursements 219 1,165 2,863 9,400 14,462 11,074 7,332 7,021 Long-term external debt 157 1,165 2,863 9,400 14,462 11,074 7,332 7,021 IMF purchases 63 0 0 0 0 0 0 0 Principal repayments 12 826 2,277 3,737 7,715 8,342 5,689 8,014 Long-term external debt 12 799 2,252 3,737 7,715 8,342 5,689 8,014 IMF repurchases 0 27 25 0 0 0 0 0 Net flows 228 383 2,145 6,044 8,805 3,143 -582 -1,473 Long-term external debt 144 366 611 5,663 6,747 2,732 1,642 -993 Short-term external debt 20 44 1,559 381 2,057 411 -2,225 -480 Interest payments 31 281 323 436 748 1,042 765 807 Long-term external debt 17 215 173 275 529 797 586 669 IMF charges 12 11 0 0 0 0 0 0 Short-term external debt 2 55 150 161 219 245 178 138 2. Other non-debt resource inflows Foreign direct investment 73 379 1,032 1,840 2,017 2,070 126 622 Portfolio equity 6 122 130 72 -166 3 -2 37 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 81.0 96.4 98.3 98.4 82.7 63.1 Japanese yen 9.8 2.9 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 34.4 32.9 17.8 3.2 1.5 1.4 17.2 36.9 4. Average terms of new commitments Official creditors Interest (%) 6.3 7.1 0.0 1.6 0.0 0.0 4.1 3.3 Maturity (years) 14.6 13.3 0.0 5.0 0.0 0.0 23.7 24.9 Grace period (years) 4.4 7.8 0.0 1.0 0.0 0.0 6.9 7.0 Private creditors Interest (%) 8.1 7.8 0.0 4.8 4.9 5.5 7.7 6.8 Maturity (years) 5.4 5.0 0.0 8.1 10.3 13.0 5.7 9.3 Grace period (years) 1.2 4.8 0.0 8.1 10.3 1.0 4.7 9.3 5. Major economic aggregates Gross national income (GNI) 7,892 11,240 25,339 29,270 37,491 45,665 37,544 35,687 Exports of goods, services & income 3,242 5,295 15,327 18,364 21,980 29,567 20,948 25,745 Worker remit. & comp. of employees 1 50 534 994 1,433 1,488 1,172 1,575 Imports of goods, services & income 3,966 6,212 17,820 22,307 28,836 37,004 20,948 26,912 Profit remittances on FDI 8 123 711 878 1,423 1,298 -944 499 Current account balance -614 -675 -1,831 -3,218 -5,692 -6,356 1,648 667 International reserves 829 1,363 3,816 5,773 7,721 6,444 6,657 6,836 6. Ratios External debt stocks to exports (%) 23.7 89.2 74.6 101.1 133.9 107.5 151.9 115.0 External debt stocks to GNI (%) 9.8 42.0 45.1 63.4 78.5 69.6 84.8 83.0 Debt service to exports (%) 1.3 20.9 17.0 22.7 38.5 31.7 30.8 34.3 Short-term to external debt stocks (%) 6.4 23.6 46.6 30.7 26.4 25.7 18.7 18.5 Multilateral to external debt stocks (%) 21.1 9.5 2.7 1.7 0.8 0.7 3.9 5.4 Reserves to external debt stocks (%) 107.7 28.9 33.4 31.1 26.2 20.3 20.9 23.1 Reserves to imports (months) 2.5 2.6 2.6 3.1 3.2 2.1 3.8 3.0 192 LITHUANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 459 3,417 6,108 12,865 21,680 23,614 25,871 24,133 Public and publicly guaranteed 430 2,206 2,001 4,588 5,879 5,347 9,072 11,664 Official creditors 317 670 472 319 244 212 1,251 1,612 Multilateral 163 447 308 312 239 210 1,251 1,612 of which: IBRD 62 253 86 81 24 27 23 20 IDA 0 0 0 0 0 0 0 0 Bilateral 154 223 164 7 5 2 0 0 Private creditors 113 1,537 1,529 4,269 5,635 5,135 7,820 10,053 of which: Bonds 0 1,130 1,416 4,214 5,594 5,114 7,816 10,052 Commercial banks 1 188 63 51 40 20 4 0 Private nonguaranteed 29 1,211 4,107 8,277 15,800 18,267 16,800 12,468 of which: Bonds 0 37 0 0 1,030 1,030 1,030 793 Disbursements 157 1,165 2,863 9,400 14,462 11,074 7,332 7,021 Public and publicly guaranteed 157 479 45 2,540 843 116 3,589 3,214 Official creditors 92 146 45 28 20 6 1,028 464 Multilateral 38 139 42 28 20 6 1,028 464 of which: IBRD 12 66 14 10 0 6 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 54 7 3 0 0 0 0 0 Private creditors 64 333 0 2,511 822 110 2,561 2,750 of which: Bonds 0 300 0 2,511 822 110 2,561 2,750 Commercial banks 1 31 0 0 0 0 0 0 Private nonguaranteed 0 686 2,818 6,860 13,620 10,958 3,742 3,806 of which: Bonds 0 37 0 0 1,030 0 0 0 Principal repayments 12 799 2,252 3,737 7,715 8,342 5,689 8,014 Public and publicly guaranteed 12 310 802 273 145 344 119 78 Official creditors 3 82 235 209 128 28 30 18 Multilateral 0 62 144 52 125 25 27 18 of which: IBRD 0 9 111 19 58 3 3 3 IDA 0 0 0 0 0 0 0 0 Bilateral 3 19 91 157 3 2 2 0 Private creditors 9 229 567 64 17 316 89 59 of which: Bonds 0 25 405 0 0 294 73 56 Commercial banks 0 146 112 16 15 21 16 4 Private nonguaranteed 0 489 1,451 3,464 7,570 7,999 5,570 7,936 of which: Bonds 0 0 0 0 0 0 0 237 Interest payments 17 215 173 275 529 797 586 669 Public and publicly guaranteed 17 136 106 161 156 252 273 506 Official creditors 13 35 36 24 15 11 8 43 Multilateral 9 26 26 14 14 11 8 43 of which: IBRD 4 15 15 4 3 1 1 0 IDA 0 0 0 0 0 0 0 0 Bilateral 4 9 10 10 0 0 0 0 Private creditors 4 100 70 137 142 241 265 463 of which: Bonds 0 63 55 131 139 239 264 463 Commercial banks 0 20 6 3 2 2 0 0 Private nonguaranteed 0 80 67 114 373 545 313 163 of which: Bonds 0 0 0 0 41 58 45 18 8. Debt stock-flow reconciliation Total change in external debt stocks 267 308 940 7,138 10,872 2,345 33 -2,219 Net flows on external debt 228 383 2,145 6,044 8,805 3,143 -582 -1,473 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 25 26 18 21 38 124 144 142 Interest 44 47 49 50 50 49 46 43 Private creditors Principal 3,138 3,586 3,366 2,336 2,484 2,041 1,733 1,279 Interest 1,124 989 787 649 472 376 288 218 Notes: Short-term debt data are based on reports provided by the country. 193 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,277 1,469 2,970 3,284 4,161 4,681 5,593 5,804 Long-term external debt 1,078 1,333 2,108 2,362 2,564 3,013 3,695 3,750 Public and publicly guaranteed 788 1,206 1,637 1,556 1,520 1,574 1,874 1,865 Private nonguaranteed 289 127 471 805 1,044 1,438 1,821 1,885 Use of IMF credit 57 81 62 56 0 0 0 0 Short-term external debt 143 55 800 867 1,597 1,668 1,899 2,054 interest arrears on long-term 143 4 9 15 28 29 30 59 Memorandum items Principal arrears on long-term 216 19 36 49 108 118 107 168 Long-term public sector debt 785 1,201 1,635 1,555 1,519 1,574 1,873 1,865 Long-term private sector debt 293 132 473 807 1,044 1,439 1,821 1,885 Public & publicly guaranteed commitments 206 123 274 137 103 155 410 238 External debt flows Disbursements 112 155 333 401 538 789 1,012 576 Long-term external debt 75 151 318 401 538 789 1,012 576 IMF purchases 38 4 16 0 0 0 0 0 Principal repayments 20 93 182 439 542 293 375 455 Long-term external debt 19 74 171 430 485 293 375 455 IMF repurchases 1 19 11 10 57 0 0 0 Net flows 74 59 117 23 713 566 867 248 Long-term external debt 56 78 147 -29 52 496 637 121 Short-term external debt -18 -3 -34 61 717 69 230 127 Interest payments 11 45 92 125 163 181 177 214 Long-term external debt 9 37 54 82 88 104 93 122 IMF charges 2 3 1 2 1 0 0 0 Short-term external debt 1 5 37 40 74 77 84 92 2. Other non-debt resource inflows Foreign direct investment 9 215 97 424 699 587 197 296 Portfolio equity 0 0 54 86 170 -49 -14 -4 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 40.8 52.3 63.0 64.0 69.6 69.6 Japanese yen 6.5 0.4 0.2 0.5 1.4 3.0 3.6 5.4 Pound sterling 1.1 0.2 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.9 2.4 0.6 0.5 0.1 0.0 0.0 0.0 U.S.dollars 49.7 71.8 56.6 44.8 34.3 31.8 25.8 24.1 4. Average terms of new commitments Official creditors Interest (%) 3.8 5.5 3.1 3.7 5.0 3.2 1.9 1.4 Maturity (years) 23.0 19.5 16.7 16.8 17.0 17.4 15.3 14.6 Grace period (years) 6.7 6.4 5.1 5.4 5.0 4.6 4.7 4.6 Private creditors Interest (%) 2.3 9.2 4.6 5.8 0.0 1.8 9.9 0.0 Maturity (years) 29.7 3.4 10.0 16.1 0.0 4.3 3.5 4.3 Grace period (years) 10.9 0.5 9.9 3.9 0.0 0.1 3.5 0.9 5. Major economic aggregates Gross national income (GNI) 4,410 3,541 5,756 6,359 7,775 9,719 9,194 8,920 Exports of goods, services & income .. 1,679 2,654 3,147 4,423 5,268 3,726 4,402 Worker remit. & comp. of employees .. 81 227 267 345 407 381 388 Imports of goods, services & income .. 2,386 3,865 4,413 6,412 7,961 5,926 6,467 Profit remittances on FDI .. 31 142 59 470 253 138 239 Current account balance .. -98 -159 -29 -606 -1,236 -599 -262 International reserves 275 460 1,340 1,889 2,264 2,110 2,288 2,277 6. Ratios External debt stocks to exports (%) .. 87.5 111.9 104.4 94.1 88.9 150.1 131.8 External debt stocks to GNI (%) 29.0 41.5 51.6 51.7 53.5 48.2 60.8 65.1 Debt service to exports (%) .. 8.2 10.3 17.9 15.9 9.0 14.8 15.2 Short-term to external debt stocks (%) 11.2 3.7 26.9 26.4 38.4 35.6 33.9 35.4 Multilateral to external debt stocks (%) 22.6 38.8 30.8 31.3 25.0 22.4 19.3 19.2 Reserves to external debt stocks (%) 21.5 31.3 45.1 57.5 54.4 45.1 40.9 39.2 Reserves to imports (months) .. 2.3 4.2 5.1 4.2 3.2 4.6 4.2 194 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,078 1,333 2,108 2,362 2,564 3,013 3,695 3,750 Public and publicly guaranteed 788 1,206 1,637 1,556 1,520 1,574 1,874 1,865 Official creditors 605 921 1,202 1,298 1,239 1,277 1,321 1,354 Multilateral 288 570 914 1,028 1,040 1,047 1,081 1,112 of which: IBRD 97 116 244 259 193 237 271 315 IDA 84 249 364 383 394 386 382 367 Bilateral 317 352 288 270 199 230 240 242 Private creditors 184 284 435 258 281 297 552 512 of which: Bonds 0 0 177 198 221 209 468 434 Commercial banks 103 274 252 56 57 79 77 72 Private nonguaranteed 289 127 471 805 1,044 1,438 1,821 1,885 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 75 151 318 401 538 789 1,012 576 Public and publicly guaranteed 75 98 293 112 142 174 347 182 Official creditors 74 96 104 83 138 137 103 175 Multilateral 74 79 94 71 108 86 76 149 of which: IBRD 20 13 54 11 54 52 43 72 IDA 42 38 8 5 0 0 0 0 Bilateral 0 17 11 12 31 52 27 26 Private creditors 0 1 189 29 3 37 244 7 of which: Bonds 0 0 187 0 0 0 244 0 Commercial banks 0 0 2 28 3 30 0 7 Private nonguaranteed 0 54 25 289 396 615 665 394 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 19 74 171 430 485 293 375 455 Public and publicly guaranteed 19 25 81 307 294 78 88 98 Official creditors 19 23 67 79 286 74 81 90 Multilateral 19 20 31 36 171 52 60 64 of which: IBRD 19 3 11 12 134 8 9 11 IDA 0 0 2 4 5 6 7 8 Bilateral 0 3 36 43 115 21 21 26 Private creditors 0 2 14 228 8 5 7 9 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 14 227 6 4 5 7 Private nonguaranteed 0 49 90 123 191 215 287 357 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 37 54 82 88 104 93 122 Public and publicly guaranteed 9 30 41 52 51 54 47 56 Official creditors 9 20 32 37 38 41 33 21 Multilateral 9 19 20 23 29 33 26 15 of which: IBRD 8 7 7 10 11 10 8 3 IDA 0 2 3 3 3 3 3 3 Bilateral 0 1 12 13 9 8 6 7 Private creditors 0 10 9 15 12 14 15 35 of which: Bonds 0 0 0 9 10 10 10 32 Commercial banks 0 10 8 6 2 3 5 3 Private nonguaranteed 0 7 13 30 38 50 46 66 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 174 44 153 315 876 520 912 211 Net flows on external debt 74 59 117 23 713 566 867 248 9. Debt restructurings Total amount rescheduled 256 44 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 119 113 117 122 120 110 102 89 Interest 22 20 18 16 14 12 10 8 Private creditors Principal 403 357 565 142 293 106 104 121 Interest 121 90 45 43 35 25 18 12 Notes: Short-term debt is based on Central Bank data from 2004. 195 MADAGASCAR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 4,302 4,691 3,494 1,492 1,707 2,076 2,203 2,295 Long-term external debt 3,687 4,286 3,182 1,242 1,411 1,721 1,841 1,984 Public and publicly guaranteed 3,687 4,286 3,182 1,242 1,411 1,717 1,836 1,981 Private nonguaranteed 0 0 0 0 0 4 4 3 Use of IMF credit 73 104 212 29 43 99 101 97 Short-term external debt 542 301 99 221 254 255 262 214 interest arrears on long-term 486 203 72 186 189 188 189 188 Memorandum items Principal arrears on long-term 1,194 665 218 223 195 196 196 195 Long-term public sector debt 3,555 4,164 3,136 1,238 1,407 1,714 1,835 1,979 Long-term private sector debt 133 122 46 4 3 7 6 4 Public & publicly guaranteed commitments 80 187 295 284 192 544 83 0 External debt flows Disbursements 90 200 265 291 273 404 126 211 Long-term external debt 90 150 249 280 261 345 126 211 IMF purchases 0 50 17 12 12 59 0 0 Principal repayments 38 79 48 36 9 20 34 39 Long-term external debt 24 74 38 36 9 20 34 37 IMF repurchases 15 5 10 0 0 0 0 2 Net flows 59 45 244 263 294 386 98 125 Long-term external debt 66 76 211 243 252 325 92 174 Short-term external debt 7 -76 27 8 30 2 6 -47 Interest payments 20 38 30 23 13 12 17 17 Long-term external debt 16 28 28 21 10 11 15 16 IMF charges 0 0 1 0 0 0 0 0 Short-term external debt 3 9 1 2 3 1 1 1 2. Other non-debt resource inflows Foreign direct investment 10 83 85 295 773 1,169 1,066 860 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.3 5.8 3.0 2.3 2.4 2.5 Japanese yen 7.7 7.4 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 1.3 0.9 0.1 0.4 0.4 0.3 0.3 0.3 U.S.dollars 45.0 56.8 71.9 55.7 57.2 53.8 52.5 53.1 4. Average terms of new commitments Official creditors Interest (%) 1.1 0.8 0.8 0.8 1.1 1.2 1.0 0.0 Maturity (years) 36.8 40.1 37.8 43.5 33.5 29.4 36.1 0.0 Grace period (years) 9.6 10.2 9.8 10.1 9.0 6.5 6.7 0.0 Private creditors Interest (%) 0.0 0.0 1.0 0.0 0.0 4.3 0.0 0.0 Maturity (years) 0.0 0.0 30.8 0.0 0.0 4.3 0.0 0.0 Grace period (years) 0.0 0.0 11.3 0.0 0.0 0.3 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,002 3,807 4,960 5,435 7,288 9,344 8,397 8,628 Exports of goods, services & income 756 1,210 1,356 1,698 2,342 2,614 1,982 2,185 Worker remit. & comp. of employees 14 11 11 .. .. .. .. .. Imports of goods, services & income 1,161 1,584 2,146 2,484 3,606 4,805 4,134 3,351 Profit remittances on FDI 3 4 38 .. .. .. .. .. Current account balance -276 -260 -554 -537 -898 -1,726 -1,840 -730 International reserves 109 285 481 583 847 982 1,135 1,172 6. Ratios External debt stocks to exports (%) 568.9 387.6 257.7 87.8 72.9 79.4 111.2 105.1 External debt stocks to GNI (%) 143.3 123.2 70.4 27.4 23.4 22.2 26.2 26.6 Debt service to exports (%) 7.7 9.6 5.8 3.5 0.9 1.3 2.5 2.6 Short-term to external debt stocks (%) 12.6 6.4 2.8 14.8 14.9 12.3 11.9 9.3 Multilateral to external debt stocks (%) 39.3 39.0 81.3 59.6 64.0 66.4 65.7 66.9 Reserves to external debt stocks (%) 2.5 6.1 13.8 39.1 49.6 47.3 51.5 51.0 Reserves to imports (months) 1.1 2.2 2.7 2.8 2.8 2.5 3.3 4.2 196 MADAGASCAR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,687 4,286 3,182 1,242 1,411 1,721 1,841 1,984 Public and publicly guaranteed 3,687 4,286 3,182 1,242 1,411 1,717 1,836 1,981 Official creditors 3,603 4,247 3,173 1,236 1,404 1,710 1,829 1,973 Multilateral 1,690 1,828 2,839 888 1,093 1,378 1,447 1,536 of which: IBRD 12 0 0 0 0 0 0 0 IDA 1,110 1,378 2,298 636 865 1,066 1,105 1,161 Bilateral 1,913 2,419 334 347 311 332 382 437 Private creditors 84 39 9 6 6 7 7 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 28 23 8 5 5 6 6 6 Private nonguaranteed 0 0 0 0 0 4 4 3 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 90 150 249 280 261 345 126 211 Public and publicly guaranteed 90 150 249 280 261 342 124 211 Official creditors 89 150 249 280 261 342 124 211 Multilateral 78 143 248 256 250 300 71 117 of which: IBRD 0 0 0 0 0 0 0 0 IDA 76 94 221 178 198 211 31 76 Bilateral 11 7 1 24 10 41 54 94 Private creditors 1 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 3 2 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 24 74 38 36 9 20 34 37 Public and publicly guaranteed 24 74 38 36 9 20 32 36 Official creditors 19 73 37 33 8 20 32 36 Multilateral 18 37 22 19 7 5 14 11 of which: IBRD 4 0 0 0 0 0 0 0 IDA 7 17 11 7 0 1 1 1 Bilateral 1 36 15 14 1 14 18 25 Private creditors 5 0 1 3 1 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 1 3 0 0 0 0 Private nonguaranteed 0 0 0 0 0 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 16 28 28 21 10 11 15 16 Public and publicly guaranteed 16 28 28 21 10 11 15 16 Official creditors 15 28 28 21 10 11 15 16 Multilateral 12 17 22 16 9 10 12 12 of which: IBRD 1 0 0 0 0 0 0 0 IDA 8 10 17 11 6 7 8 8 Bilateral 4 11 6 5 1 1 3 4 Private creditors 1 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 226 -53 -295 -2,002 216 368 128 92 Net flows on external debt 59 45 244 263 294 386 98 125 9. Debt restructurings Total amount rescheduled 0 0 26 11 1 0 0 0 Total amount forgiven 0 0 100 2,475 143 6 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 63 64 57 67 66 58 64 72 Interest 19 19 20 19 19 18 18 17 Private creditors Principal 1 1 1 0 0 0 1 1 Interest 0 0 0 0 0 0 0 0 Notes: Madagascar was granted debt relief effective in 2006 under MDRI. 197 MALAWI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2237.8 2704.9 3183.2 848.1 790.4 893.7 1033.3 921.6 Long-term external debt 2078.3 2544.1 3061.8 764.6 759.5 769.0 839.4 714.6 Public and publicly guaranteed 2078.3 2544.1 3061.8 764.6 759.5 769.0 839.4 714.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 116.0 82.5 75.2 19.5 31.0 124.7 126.9 146.0 Short-term external debt 43.5 78.3 46.2 64.0 0.0 0.0 67.0 61.0 interest arrears on long-term 1.4 36.7 34.2 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 7.2 72.3 13.3 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 2075.2 2541.4 3061.8 764.6 759.5 769.0 839.4 714.6 Long-term private sector debt 3.1 2.7 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 102.3 58.5 24.7 20.1 94.4 178.0 193.7 82.0 External debt flows Disbursements 226.7 127.0 96.5 108.4 79.1 162.5 107.1 99.9 Long-term external debt 215.1 118.6 88.5 94.0 68.9 65.6 107.1 78.8 IMF purchases 11.6 8.5 8.0 14.5 10.2 97.0 0.0 21.2 Principal repayments 75.3 41.8 52.3 48.8 19.8 16.7 20.1 11.1 Long-term external debt 65.5 32.7 37.8 31.6 19.8 16.7 20.1 11.1 IMF repurchases 9.9 9.1 14.5 17.1 0.0 0.0 0.0 0.0 Net flows 183.4 83.3 45.3 111.7 -4.6 145.8 154.0 82.9 Long-term external debt 149.6 85.8 50.8 62.3 49.2 48.9 87.0 67.7 Short-term external debt 32.1 -1.9 1.0 52.0 -64.0 0.0 67.0 -6.0 Interest payments 42.7 21.1 23.4 20.9 13.3 15.2 15.6 7.6 Long-term external debt 38.7 17.9 21.8 18.0 11.4 14.9 14.5 6.8 IMF charges 1.4 0.4 1.2 1.0 0.1 0.3 0.6 0.0 Short-term external debt 2.5 2.9 0.5 1.9 1.8 0.0 0.4 0.8 2. Other non-debt resource inflows Foreign direct investment 5.6 26.0 52.3 72.2 92.0 170.0 60.0 140.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.3 8.5 5.0 3.5 3.2 2.6 Japanese yen 12.3 8.4 6.2 0.0 0.0 0.0 0.0 0.0 Pound sterling 9.0 6.2 4.8 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 53.6 65.9 65.8 56.1 57.1 54.2 52.7 41.8 4. Average terms of new commitments Official creditors Interest (%) 1.0 0.8 1.4 0.8 1.7 1.2 1.4 0.8 Maturity (years) 38.6 44.7 41.4 34.6 37.1 35.4 30.6 36.1 Grace period (years) 9.6 10.1 8.9 10.7 9.7 12.7 7.3 9.4 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) 1350.1 1707.2 2713.7 3078.4 3436.7 4051.1 4655.8 4979.9 Exports of goods, services & income 473.3 470.7 562.8 604.8 873.1 923.1 990.2 .. Worker remit. & comp. of employees 0.5 0.7 .. .. .. .. .. .. Imports of goods, services & income 708.2 679.6 1309.6 1359.9 1418.0 1669.8 1820.3 .. Profit remittances on FDI 8.6 15.1 .. .. .. .. .. .. Current account balance -78.0 -73.5 -702.2 -701.1 -718.5 -661.5 -767.2 -705.1 International reserves 115.0 246.5 165.5 141.9 227.3 253.9 163.3 .. 6. Ratios External debt stocks to exports (%) 472.8 574.7 565.6 140.2 90.5 96.8 104.3 .. External debt stocks to GNI (%) 165.8 158.4 117.3 27.5 23.0 22.1 22.2 18.5 Debt service to exports (%) 24.9 13.4 13.4 11.5 3.8 3.5 3.6 .. Short-term to external debt stocks (%) 1.9 2.9 1.5 7.5 .. .. 6.5 6.6 Multilateral to external debt stocks (%) 76.3 75.6 80.5 50.8 55.3 54.4 52.3 62.5 Reserves to external debt stocks (%) 5.1 9.1 5.2 16.7 28.8 28.4 15.8 .. Reserves to imports (months) 1.9 4.4 1.5 1.3 1.9 1.8 1.1 .. 198 MALAWI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2078.3 2544.1 3061.8 764.6 759.5 769.0 839.4 714.6 Public and publicly guaranteed 2078.3 2544.1 3061.8 764.6 759.5 769.0 839.4 714.6 Official creditors 2049.9 2526.1 3043.4 757.0 752.2 763.4 833.6 714.6 Multilateral 1708.3 2044.4 2561.4 430.8 437.0 486.3 539.9 575.7 of which: IBRD 55.0 8.5 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1251.3 1592.2 1940.4 156.9 177.6 187.7 212.8 242.6 Bilateral 341.6 481.8 482.1 326.2 315.2 277.1 293.7 138.9 Private creditors 28.4 17.9 18.4 7.6 7.3 5.6 5.8 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 16.7 6.2 6.0 5.6 5.8 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 215.1 118.6 88.5 94.0 68.9 65.6 107.1 78.8 Public and publicly guaranteed 215.1 118.6 88.5 94.0 68.9 65.6 107.1 78.8 Official creditors 215.1 118.6 88.5 94.0 68.9 65.6 107.1 78.8 Multilateral 97.3 118.6 87.7 82.2 51.5 61.8 55.9 53.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 73.3 97.0 45.1 46.2 13.8 11.9 24.2 33.9 Bilateral 117.8 0.0 0.8 11.7 17.4 3.8 51.2 25.0 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 65.5 32.7 37.8 31.6 19.8 16.7 20.1 11.1 Public and publicly guaranteed 65.5 32.7 37.8 31.6 19.8 16.7 20.1 11.1 Official creditors 42.6 32.7 35.2 30.1 18.7 16.6 20.1 11.1 Multilateral 28.3 30.1 29.7 24.7 8.0 6.5 7.5 8.9 of which: IBRD 11.7 7.6 0.2 0.0 0.0 0.0 0.0 0.0 IDA 7.1 15.8 12.4 9.8 0.0 0.0 0.0 0.1 Bilateral 14.3 2.6 5.5 5.4 10.8 10.1 12.6 2.2 Private creditors 22.8 0.0 2.5 1.5 1.0 0.1 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 10.5 0.0 2.4 1.4 0.9 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 38.7 17.9 21.8 18.0 11.4 14.9 14.5 6.8 Public and publicly guaranteed 38.7 17.9 21.8 18.0 11.4 14.9 14.5 6.8 Official creditors 35.2 17.9 21.6 17.8 11.3 14.8 14.4 6.8 Multilateral 25.2 17.2 20.1 16.6 3.8 4.1 4.1 4.8 of which: IBRD 6.5 1.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 9.3 11.7 14.2 9.7 0.6 0.8 0.9 1.2 Bilateral 10.0 0.6 1.5 1.2 7.5 10.7 10.3 2.0 Private creditors 3.6 0.0 0.2 0.2 0.1 0.1 0.1 0.0 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 0.2 0.2 0.1 0.1 0.1 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 217.7 -36.4 -244.2 -2335.1 -57.6 103.3 139.6 -111.7 Net flows on external debt 183.4 83.3 45.3 111.7 -4.6 145.8 154.0 82.9 9. Debt restructurings Total amount rescheduled 0.0 0.0 1.0 179.7 24.0 0.0 10.6 0.0 Total amount forgiven 0.0 0.0 53.6 2512.0 56.1 16.3 1.1 1.3 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 18.1 19.0 21.7 26.0 29.4 29.0 28.0 29.4 Interest 9.1 9.9 10.3 10.4 10.3 10.0 9.6 9.2 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: Malawi was granted debt relief effective in 2006 under MDRI. Data include the effects of Paris Club restructuring agreement signed in 2006. Data for 2008, 2009, and 2010 include the effects of Enhanced HIPC Initiative, in the amount of $835 thousand, $1,070 thousand, and $1,275 thousand respectively. 199 MALAYSIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 34,343 41,765 51,855 54,883 61,420 66,074 66,272 81,497 Long-term external debt 27,069 37,192 38,679 43,080 38,320 43,274 42,578 46,421 Public and publicly guaranteed 16,023 19,125 22,324 22,456 18,294 21,356 21,245 25,795 Private nonguaranteed 11,046 18,067 16,356 20,624 20,026 21,918 21,332 20,626 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 7,274 4,573 13,176 11,803 23,100 22,800 23,695 35,076 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 16,023 19,026 22,305 22,444 18,290 21,356 16,745 21,295 Long-term private sector debt 11,046 18,166 16,374 20,635 20,030 21,918 25,832 25,126 Public & publicly guaranteed commitments 3,772 5,464 1,212 1,990 202 2,533 4,500 5,742 External debt flows Disbursements 8,503 5,921 6,050 7,038 5,037 5,180 8,339 14,720 Long-term external debt 8,503 5,921 6,050 7,038 5,037 5,180 8,339 14,720 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 4,450 4,146 7,192 5,269 7,819 6,258 9,793 11,349 Long-term external debt 4,450 4,146 7,192 5,269 7,819 6,258 9,793 11,349 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 5,138 337 601 396 8,516 -1,378 -560 14,753 Long-term external debt 4,053 1,775 -1,142 1,769 -2,781 -1,078 -1,455 3,372 Short-term external debt 1,085 -1,439 1,744 -1,373 11,297 -300 895 11,381 Interest payments 1,591 2,287 2,183 2,347 2,602 2,521 2,264 1,935 Long-term external debt 1,150 2,021 1,858 1,867 2,009 2,044 1,683 1,638 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 441 266 325 480 594 476 581 297 2. Other non-debt resource inflows Foreign direct investment 4,178 3,788 3,966 6,076 8,590 7,376 1,387 9,509 Portfolio equity 0 0 -1,200 2,355 -669 -10,716 -449 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 4.2 4.6 6.2 5.0 0.1 0.1 Japanese yen 34.6 27.7 22.4 19.7 21.0 20.8 15.9 12.4 Pound sterling 1.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 48.5 63.1 71.2 74.0 71.1 73.1 83.3 87.3 4. Average terms of new commitments Official creditors Interest (%) 3.4 3.1 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 24.4 24.1 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.3 3.5 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 6.3 7.0 5.2 5.7 5.7 4.7 5.3 2.3 Maturity (years) 16.9 7.6 9.6 9.2 8.8 7.0 8.4 4.7 Grace period (years) 14.0 4.0 9.5 5.6 0.8 0.8 8.4 2.6 5. Major economic aggregates Gross national income (GNI) 84,689 86,182 131,531 151,811 182,577 214,731 188,934 229,960 Exports of goods, services & income 85,992 114,356 166,757 191,091 217,062 242,135 197,637 254,129 Worker remit. & comp. of employees 116 342 1,117 1,365 1,556 1,329 1,131 1,301 Imports of goods, services & income 93,618 103,944 142,299 160,331 182,624 197,959 160,256 218,485 Profit remittances on FDI 4,144 7,173 8,330 8,858 9,932 13,838 11,119 .. Current account balance -8,644 8,488 19,980 26,200 29,770 38,914 31,801 28,565 International reserves 24,699 28,651 70,458 82,876 101,995 92,166 96,704 106,528 6. Ratios External debt stocks to exports (%) 39.9 36.5 31.1 28.7 28.3 27.3 33.5 32.1 External debt stocks to GNI (%) 40.6 48.5 39.4 36.2 33.6 30.8 35.1 35.4 Debt service to exports (%) 7.0 5.6 5.6 4.0 4.8 3.6 6.1 5.2 Short-term to external debt stocks (%) 21.2 11.0 25.4 21.5 37.6 34.5 35.8 43.0 Multilateral to external debt stocks (%) 4.8 3.1 1.8 1.5 0.8 0.6 0.5 0.3 Reserves to external debt stocks (%) 71.9 68.6 135.9 151.0 166.1 139.5 145.9 130.7 Reserves to imports (months) 3.2 3.3 5.9 6.2 6.7 5.6 7.2 5.9 200 MALAYSIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 27,069 37,192 38,679 43,080 38,320 43,274 42,578 46,421 Public and publicly guaranteed 16,023 19,125 22,324 22,456 18,294 21,356 21,245 25,795 Official creditors 5,489 4,950 6,542 6,605 4,374 5,164 4,092 3,750 Multilateral 1,644 1,314 936 798 471 399 303 237 of which: IBRD 1,059 812 533 437 135 85 39 0 IDA 0 0 0 0 0 0 0 0 Bilateral 3,845 3,637 5,606 5,807 3,903 4,765 3,789 3,513 Private creditors 10,533 14,175 15,782 15,850 13,920 16,192 17,154 22,045 of which: Bonds 6,062 9,836 12,521 12,702 11,660 11,661 13,198 15,575 Commercial banks 4,171 2,292 1,867 1,987 1,307 3,729 3,380 6,045 Private nonguaranteed 11,046 18,067 16,356 20,624 20,026 21,918 21,332 20,626 of which: Bonds 1,765 3,402 7,623 7,960 7,009 6,568 5,927 4,893 Disbursements 8,503 5,921 6,050 7,038 5,037 5,180 8,339 14,720 Public and publicly guaranteed 4,150 3,460 2,182 1,801 558 1,942 5,319 6,014 Official creditors 837 1,446 981 396 206 98 47 18 Multilateral 135 61 36 30 21 13 8 5 of which: IBRD 88 15 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 702 1,385 944 366 185 85 39 13 Private creditors 3,313 2,015 1,201 1,405 352 1,844 5,271 5,996 of which: Bonds 2,100 1,061 1,150 1,000 0 0 4,500 2,339 Commercial banks 1,205 672 51 405 352 1,844 771 3,658 Private nonguaranteed 4,353 2,461 3,868 5,237 4,479 3,238 3,020 8,706 of which: Bonds 480 361 1,615 620 0 0 0 400 Principal repayments 4,450 4,146 7,192 5,269 7,819 6,258 9,793 11,349 Public and publicly guaranteed 1,701 2,017 4,752 2,447 3,646 1,503 5,351 1,863 Official creditors 455 840 1,218 811 1,691 820 1,053 688 Multilateral 261 139 155 167 354 100 102 75 of which: IBRD 194 100 92 96 302 50 47 38 IDA 0 0 0 0 0 0 0 0 Bilateral 195 701 1,064 644 1,337 720 951 612 Private creditors 1,245 1,176 3,534 1,635 1,956 683 4,298 1,176 of which: Bonds 140 200 2,036 920 1,170 0 2,959 0 Commercial banks 420 864 1,256 484 556 436 1,119 992 Private nonguaranteed 2,749 2,129 2,440 2,822 4,172 4,755 4,442 9,486 of which: Bonds 0 745 237 337 1,000 250 1,398 715 Interest payments 1,150 2,021 1,858 1,867 2,009 2,044 1,683 1,638 Public and publicly guaranteed 805 1,159 1,208 1,177 1,166 991 813 955 Official creditors 284 259 314 228 202 129 124 97 Multilateral 128 98 47 40 32 20 15 10 of which: IBRD 83 66 33 27 19 8 4 2 IDA 0 0 0 0 0 0 0 0 Bilateral 155 160 267 188 170 109 109 87 Private creditors 522 900 894 949 964 862 689 857 of which: Bonds 251 599 746 782 795 735 589 702 Commercial banks 190 189 91 109 119 90 83 147 Private nonguaranteed 345 862 650 690 843 1,053 870 684 of which: Bonds 28 159 363 437 434 373 339 295 8. Debt stock-flow reconciliation Total change in external debt stocks 4,007 -21 -160 3,027 6,537 4,655 198 15,224 Net flows on external debt 5,138 337 601 396 8,516 -1,378 -560 14,753 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 627 594 341 314 253 228 198 176 Interest 82 68 55 46 38 31 25 19 Private creditors Principal 8,385 5,584 4,174 5,989 8,059 2,227 1,657 61 Interest 1,337 1,191 1,081 984 720 482 419 397 Notes: Long-term public and publicly guaranteed, long-term private nonguaranteed debt and short-term debt for 2010 are World Bank staff estimates based on government statistics. Short-term debt data for 2010 are based on reports provided by the country. 201 MALDIVES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 155 206 461 683 1,038 1,140 1,164 1,229 Long-term external debt 152 185 399 579 853 920 970 989 Public and publicly guaranteed 152 185 330 384 444 497 569 653 Private nonguaranteed 0 0 70 195 408 423 400 336 Use of IMF credit 0 0 6 6 6 4 9 16 Short-term external debt 3 21 56 98 179 216 186 224 interest arrears on long-term 0 0 0 0 0 2 1 3 Memorandum items Principal arrears on long-term 0 0 0 0 0 9 9 2 Long-term public sector debt 152 183 300 356 419 475 550 638 Long-term private sector debt 0 1 99 223 434 445 420 351 Public & publicly guaranteed commitments 29 38 74 144 71 194 114 127 External debt flows Disbursements 35 14 130 209 323 163 199 212 Long-term external debt 35 14 124 209 323 163 191 204 IMF purchases 0 0 6 0 0 0 8 8 Principal repayments 7 14 31 42 69 89 150 179 Long-term external debt 7 14 31 42 69 86 147 179 IMF repurchases 0 0 0 0 0 2 3 1 Net flows 30 -4 123 209 335 109 19 69 Long-term external debt 28 0 93 167 254 76 44 26 Short-term external debt 2 -3 24 42 81 35 -30 36 Interest payments 4 6 13 20 32 36 26 24 Long-term external debt 4 5 11 15 22 27 21 14 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 1 2 5 10 9 6 10 2. Other non-debt resource inflows Foreign direct investment 7 22 53 64 91 135 112 164 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.6 14.7 20.5 22.3 18.7 18.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.3 1.2 4.5 Pound sterling 0.0 0.2 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 51.3 53.3 55.7 52.0 48.5 47.6 54.0 47.4 4. Average terms of new commitments Official creditors Interest (%) 2.5 2.5 1.1 3.6 4.1 0.9 2.5 1.6 Maturity (years) 34.8 34.7 30.5 19.5 20.1 12.9 23.6 23.3 Grace period (years) 10.1 9.3 7.4 4.5 5.2 4.0 5.8 6.5 Private creditors Interest (%) 7.9 6.6 6.6 8.4 6.9 0.0 2.1 0.0 Maturity (years) 6.0 8.4 7.8 10.3 8.3 0.0 11.2 0.0 Grace period (years) 1.7 1.1 1.6 1.5 1.8 0.0 1.7 0.0 5. Major economic aggregates Gross national income (GNI) 379 594 726 878 1,011 1,208 1,265 1,419 Exports of goods, services & income 322 468 495 793 899 1,063 834 953 Worker remit. & comp. of employees 2 2 2 3 3 3 4 4 Imports of goods, services & income 337 492 910 1,103 1,323 1,647 1,196 1,349 Profit remittances on FDI 20 34 31 41 45 36 26 31 Current account balance -18 -51 -273 -302 -438 -647 -419 -463 International reserves 48 123 189 234 311 244 276 364 6. Ratios External debt stocks to exports (%) 48.0 44.1 93.2 86.2 115.5 107.2 139.6 128.8 External debt stocks to GNI (%) 40.9 34.7 63.6 77.8 102.7 94.3 92.1 86.6 Debt service to exports (%) 3.4 4.2 8.8 7.8 11.2 11.7 21.2 21.3 Short-term to external debt stocks (%) 1.9 10.4 12.2 14.4 17.2 18.9 15.9 18.2 Multilateral to external debt stocks (%) 57.0 57.6 37.9 31.9 25.3 24.5 24.8 25.4 Reserves to external debt stocks (%) 31.0 59.6 41.0 34.3 30.0 21.4 23.7 29.7 Reserves to imports (months) 1.7 3.0 2.5 2.6 2.8 1.8 2.8 3.2 202 MALDIVES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 152 185 399 579 853 920 970 989 Public and publicly guaranteed 152 185 330 384 444 497 569 653 Official creditors 143 155 280 321 360 383 472 548 Multilateral 88 119 175 218 262 279 288 311 of which: IBRD 0 0 0 0 0 0 0 0 IDA 36 46 64 70 77 79 84 99 Bilateral 54 36 105 103 98 104 183 236 Private creditors 9 30 50 63 84 114 97 105 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 3 24 50 63 84 114 97 105 Private nonguaranteed 0 0 70 195 408 423 400 336 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 35 14 124 209 323 163 191 204 Public and publicly guaranteed 35 14 52 67 74 102 114 143 Official creditors 31 6 35 50 45 55 109 109 Multilateral 16 6 16 39 39 36 16 47 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 3 5 3 5 4 6 17 Bilateral 15 0 19 11 6 19 93 63 Private creditors 4 7 16 17 29 47 5 34 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 6 16 17 29 47 5 34 Private nonguaranteed 0 0 72 142 249 60 78 61 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 7 14 31 42 69 86 147 179 Public and publicly guaranteed 7 14 24 25 33 40 47 53 Official creditors 5 7 15 18 22 25 24 29 Multilateral 1 2 4 4 8 13 12 16 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 1 1 2 Bilateral 4 4 11 14 14 12 12 13 Private creditors 2 7 9 7 11 15 23 24 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 6 8 7 11 15 23 24 Private nonguaranteed 0 0 7 16 36 46 100 125 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 4 5 11 15 22 27 21 14 Public and publicly guaranteed 4 5 9 11 13 14 13 10 Official creditors 3 3 7 8 9 9 8 6 Multilateral 1 1 2 2 4 5 4 3 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 1 1 1 Bilateral 2 1 5 6 5 4 3 3 Private creditors 1 2 2 3 4 5 5 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 2 3 4 5 5 4 Private nonguaranteed 0 0 2 4 9 13 7 5 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 31 -13 92 222 355 102 24 64 Net flows on external debt 30 -4 123 209 335 109 19 69 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 115 56 35 34 31 37 31 30 Interest 7 7 7 7 7 7 6 6 Private creditors Principal 121 89 75 50 41 32 26 21 Interest 18 14 10 7 5 4 2 1 Notes: Short-term debt data are World Bank staff estimates based on government statistics. 203 MALI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,958 2,960 3,201 1,591 1,826 2,031 2,071 2,326 Long-term external debt 2,739 2,671 3,036 1,553 1,807 1,985 2,002 2,271 Public and publicly guaranteed 2,739 2,671 3,036 1,553 1,807 1,985 2,002 2,271 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 147 176 109 8 13 40 44 49 Short-term external debt 72 114 55 30 6 7 25 6 interest arrears on long-term 28 42 6 6 6 7 1 0 Memorandum items Principal arrears on long-term 342 541 80 91 27 36 4 1 Long-term public sector debt 2,739 2,671 3,036 1,553 1,807 1,985 2,002 2,271 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 163 245 440 337 436 302 533 502 External debt flows Disbursements 238 109 282 151 261 263 497 318 Long-term external debt 193 100 280 145 257 234 494 312 IMF purchases 45 9 2 6 4 28 3 6 Principal repayments 62 66 69 58 43 44 46 39 Long-term external debt 55 50 52 58 43 44 46 39 IMF repurchases 7 16 17 0 0 0 0 0 Net flows 200 -31 219 68 194 218 475 260 Long-term external debt 138 50 228 87 214 190 448 272 Short-term external debt 24 -73 5 -25 -24 0 24 -18 Interest payments 25 26 31 26 20 25 22 22 Long-term external debt 22 18 27 24 19 25 22 21 IMF charges 1 1 0 0 0 0 0 0 Short-term external debt 2 8 3 2 1 0 0 0 2. Other non-debt resource inflows Foreign direct investment 111 82 188 48 54 132 718 148 Portfolio equity 0 0 9 3 -6 -3 -3 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 14.4 19.8 18.1 15.4 3.1 3.5 Japanese yen 2.3 2.9 2.1 3.8 3.3 3.5 0.0 0.0 Pound sterling 1.8 1.8 0.1 0.2 0.0 0.0 0.0 0.0 Swiss franc 2.1 1.5 1.6 3.4 0.0 0.0 0.0 0.0 U.S.dollars 22.5 33.9 45.2 29.8 32.0 31.6 34.1 36.7 4. Average terms of new commitments Official creditors Interest (%) 1.5 0.6 1.1 0.7 1.4 1.1 1.1 0.8 Maturity (years) 31.2 34.9 34.4 38.7 32.0 36.8 34.3 28.9 Grace period (years) 8.8 8.8 8.6 8.2 8.2 9.3 8.6 8.6 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 5.9 4.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 11.4 11.2 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 4.9 4.7 0.0 5. Major economic aggregates Gross national income (GNI) 2,419 2,392 5,099 5,524 7,146 8,425 8,603 8,909 Exports of goods, services & income 538 665 1,407 1,897 1,985 2,604 2,180 2,425 Worker remit. & comp. of employees 112 73 177 212 344 431 454 436 Imports of goods, services & income 1,040 1,046 2,072 2,441 2,966 4,126 3,321 3,588 Profit remittances on FDI 5 76 155 215 243 278 430 0 Current account balance -284 -255 -438 -219 -581 -1,066 -655 -705 International reserves 323 382 854 970 1,087 1,072 1,604 1,344 6. Ratios External debt stocks to exports (%) 550.2 445.4 227.5 83.9 92.0 78.0 95.0 95.9 External debt stocks to GNI (%) 122.3 123.7 62.8 28.8 25.5 24.1 24.1 26.1 Debt service to exports (%) 16.1 14.0 7.1 4.5 3.2 2.7 3.1 2.5 Short-term to external debt stocks (%) 2.4 3.8 1.7 1.9 0.3 0.3 1.2 0.3 Multilateral to external debt stocks (%) 47.2 51.1 70.0 44.2 52.8 56.5 75.6 76.9 Reserves to external debt stocks (%) 10.9 12.9 26.7 60.9 59.5 52.8 77.5 57.8 Reserves to imports (months) 3.7 4.4 4.9 4.8 4.4 3.1 5.8 4.5 204 MALI (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,739 2,671 3,036 1,553 1,807 1,985 2,002 2,271 Public and publicly guaranteed 2,739 2,671 3,036 1,553 1,807 1,985 2,002 2,271 Official creditors 2,737 2,671 3,032 1,546 1,800 1,979 1,995 2,266 Multilateral 1,397 1,513 2,241 703 964 1,148 1,565 1,790 of which: IBRD 0 0 0 0 0 0 0 0 IDA 863 957 1,424 297 452 534 698 840 Bilateral 1,340 1,158 791 843 836 831 430 476 Private creditors 2 0 5 7 7 5 7 5 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 5 7 7 5 7 5 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 193 100 280 145 257 234 494 312 Public and publicly guaranteed 193 100 280 145 257 234 494 312 Official creditors 193 100 277 144 257 234 491 312 Multilateral 146 85 211 109 190 221 384 260 of which: IBRD 0 0 0 0 0 0 0 0 IDA 85 49 111 49 139 88 160 153 Bilateral 47 14 66 35 67 13 107 51 Private creditors 0 0 3 1 0 0 3 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 3 1 0 0 3 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 55 50 52 58 43 44 46 39 Public and publicly guaranteed 55 50 52 58 43 44 46 39 Official creditors 55 50 52 58 42 43 45 38 Multilateral 23 26 34 39 21 25 32 30 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 7 9 5 0 0 1 2 Bilateral 32 24 19 20 22 18 13 8 Private creditors 0 0 0 0 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 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 Interest payments 22 18 27 24 19 25 22 21 Public and publicly guaranteed 22 18 27 24 19 25 22 21 Official creditors 22 18 27 23 19 24 21 21 Multilateral 12 12 21 16 11 13 15 15 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 7 11 7 3 4 4 5 Bilateral 10 5 6 7 8 11 6 6 Private creditors 0 0 0 1 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 8. Debt stock-flow reconciliation Total change in external debt stocks 264 -236 -64 -1,609 234 206 39 256 Net flows on external debt 200 -31 219 68 194 218 475 260 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 34 33 1,898 105 9 498 0 Debt buyback 0 45 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 91 96 97 100 110 108 116 136 Interest 27 29 31 31 31 30 29 28 Private creditors Principal 4 4 1 1 1 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Mali was granted debt relief effective in 2006 under MDRI. The data for Principal Arrears on long-term have been revised since 2001. 205 MAURITANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,396 2,378 2,308 1,618 1,704 1,986 2,048 2,461 Long-term external debt 2,127 2,029 2,072 1,389 1,437 1,669 1,840 2,174 Public and publicly guaranteed 2,127 2,029 2,072 1,389 1,437 1,669 1,840 2,174 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 100 98 69 0 13 16 16 50 Short-term external debt 169 251 167 229 254 301 192 237 interest arrears on long-term 79 112 109 130 128 135 134 76 Memorandum items Principal arrears on long-term 174 337 213 223 218 252 212 134 Long-term public sector debt 2,127 2,029 2,072 1,389 1,437 1,669 1,840 2,174 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 114 106 395 158 307 326 692 470 External debt flows Disbursements 133 123 143 175 197 297 263 446 Long-term external debt 111 115 143 175 185 294 263 412 IMF purchases 22 8 0 0 13 3 0 34 Principal repayments 79 52 42 66 93 38 53 76 Long-term external debt 70 46 33 44 93 38 53 76 IMF repurchases 9 6 10 23 0 0 0 0 Net flows 68 62 92 149 131 300 102 473 Long-term external debt 42 69 111 131 92 257 210 336 Short-term external debt 14 -9 -9 41 27 40 -108 103 Interest payments 38 31 23 25 28 26 24 33 Long-term external debt 32 20 20 20 23 21 23 31 IMF charges 0 1 0 0 0 0 0 0 Short-term external debt 5 11 3 5 5 4 1 1 2. Other non-debt resource inflows Foreign direct investment 7 40 814 106 138 338 -38 14 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.2 5.3 8.3 9.4 8.2 6.8 Japanese yen 3.1 3.6 0.1 0.1 0.1 0.1 0.0 0.0 Pound sterling 0.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 U.S.dollars 34.0 40.9 49.3 32.1 35.9 37.7 38.9 44.3 4. Average terms of new commitments Official creditors Interest (%) 1.1 1.9 3.3 1.5 2.6 2.8 6.1 2.2 Maturity (years) 34.7 28.5 21.8 30.5 27.3 25.6 15.1 21.9 Grace period (years) 9.7 7.5 5.4 8.4 5.6 6.2 4.2 5.8 Private creditors Interest (%) 0.0 0.0 5.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 9.8 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 1.8 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,366 1,092 1,922 2,334 2,828 3,619 3,079 3,672 Exports of goods, services & income 506 .. .. 1,573 1,627 2,056 1,614 .. Worker remit. & comp. of employees 5 .. .. .. .. .. .. .. Imports of goods, services & income 559 .. .. 1,778 2,286 2,810 2,136 .. Profit remittances on FDI 4 .. .. .. .. .. .. .. Current account balance 22 .. .. 159 144 197 -386 .. International reserves 90 49 70 194 207 199 238 288 6. Ratios External debt stocks to exports (%) 473.9 .. .. 102.9 104.7 96.6 126.9 .. External debt stocks to GNI (%) 175.3 217.8 120.1 69.3 60.2 54.9 66.5 67.0 Debt service to exports (%) 23.1 .. .. 5.8 7.4 3.1 4.8 .. Short-term to external debt stocks (%) 7.1 10.6 7.2 14.1 14.9 15.1 9.4 9.6 Multilateral to external debt stocks (%) 38.6 41.8 61.2 45.1 47.0 46.4 53.8 54.9 Reserves to external debt stocks (%) 3.8 2.1 3.0 12.0 12.2 10.0 11.6 11.7 Reserves to imports (months) 1.9 .. .. 1.3 1.1 0.8 1.3 .. 206 MAURITANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,127 2,029 2,072 1,389 1,437 1,669 1,840 2,174 Public and publicly guaranteed 2,127 2,029 2,072 1,389 1,437 1,669 1,840 2,174 Official creditors 2,119 2,009 2,048 1,368 1,417 1,655 1,827 2,173 Multilateral 926 994 1,413 730 800 922 1,103 1,350 of which: IBRD 11 0 0 0 0 0 0 0 IDA 336 449 677 130 203 243 282 316 Bilateral 1,193 1,016 635 638 616 734 725 823 Private creditors 8 19 23 22 20 14 12 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 23 22 20 14 12 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 111 115 143 175 185 294 263 412 Public and publicly guaranteed 111 115 143 175 185 294 263 412 Official creditors 111 115 128 175 185 294 263 412 Multilateral 88 106 109 169 134 159 209 306 of which: IBRD 0 0 0 0 0 0 0 0 IDA 30 57 42 47 66 43 38 39 Bilateral 24 9 19 6 51 135 54 106 Private creditors 0 0 15 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 15 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 70 46 33 44 93 38 53 76 Public and publicly guaranteed 70 46 33 44 93 38 53 76 Official creditors 69 43 31 42 92 31 52 65 Multilateral 35 34 17 39 86 25 31 56 of which: IBRD 2 2 0 0 0 0 0 0 IDA 2 1 2 1 0 0 0 1 Bilateral 34 9 14 3 6 7 21 9 Private creditors 0 2 1 2 1 6 1 11 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 1 2 1 6 1 11 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 32 20 20 20 23 21 23 31 Public and publicly guaranteed 32 20 20 20 23 21 23 31 Official creditors 32 18 19 19 22 21 23 31 Multilateral 15 14 15 16 17 14 13 18 of which: IBRD 1 0 0 0 0 0 0 0 IDA 2 2 6 3 2 2 2 2 Bilateral 17 5 4 3 5 7 10 12 Private creditors 0 2 1 1 1 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 1 1 1 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 136 -155 -15 -690 86 281 62 414 Net flows on external debt 68 62 92 149 131 300 102 473 9. Debt restructurings Total amount rescheduled 65 11 10 0 0 0 0 116 Total amount forgiven 15 53 25 905 67 38 2 175 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 82 119 156 169 168 191 191 195 Interest 58 74 81 80 76 71 65 59 Private creditors Principal 1 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Mauritania was granted debt relief effective in 2006 under MDRI. 207 MAURITIUS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,415 946 782 629 668 632 826 1,076 Long-term external debt 1,414 946 782 629 668 632 818 1,072 Public and publicly guaranteed 1,147 828 716 580 605 583 737 972 Private nonguaranteed 267 118 66 49 62 49 81 100 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 1 .. .. .. .. .. 8 3 interest arrears on long-term 1 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 1,147 828 716 580 605 583 737 972 Long-term private sector debt 267 118 66 49 62 49 81 100 Public & publicly guaranteed commitments 566 101 62 56 150 114 1,260 266 External debt flows Disbursements 409 128 138 39 118 114 285 388 Long-term external debt 409 128 138 39 118 114 285 388 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 154 401 197 226 126 138 108 113 Long-term external debt 154 401 197 226 126 138 108 113 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 255 -273 -59 -187 -8 -24 177 270 Long-term external debt 255 -273 -59 -187 -8 -24 177 275 Short-term external debt .. .. .. .. .. .. .. -4 Interest payments 56 52 30 29 26 23 21 17 Long-term external debt 56 52 30 29 26 23 20 17 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 0 0 0 0 0 1 0 2. Other non-debt resource inflows Foreign direct investment 19 266 42 107 341 378 257 431 Portfolio equity 22 -4 36 35 50 34 206 -40 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 49.1 53.3 51.8 46.5 40.8 32.0 Japanese yen 1.2 2.6 5.5 6.1 6.4 8.3 6.0 4.8 Pound sterling 1.7 1.6 1.5 1.7 1.5 1.5 1.1 0.8 Swiss franc 0.2 0.3 0.2 0.2 0.2 0.1 0.0 0.0 U.S.dollars 42.3 45.9 24.6 20.3 21.4 24.5 31.9 31.1 4. Average terms of new commitments Official creditors Interest (%) 5.1 3.9 2.6 5.0 4.1 4.0 1.1 1.3 Maturity (years) 17.5 15.7 14.2 17.2 18.7 15.6 18.2 18.5 Grace period (years) 5.5 4.7 4.8 5.8 5.3 5.5 5.1 5.3 Private creditors Interest (%) 6.3 7.5 2.5 0.0 0.0 0.0 2.8 0.0 Maturity (years) 6.1 1.9 1.0 0.0 0.0 0.0 11.3 0.0 Grace period (years) 4.3 1.9 0.0 0.0 0.0 0.0 1.8 0.0 5. Major economic aggregates Gross national income (GNI) 4,021 4,553 6,276 6,559 8,016 9,813 8,891 9,798 Exports of goods, services & income 2,402 2,671 3,899 4,374 5,259 5,748 4,635 5,413 Worker remit. & comp. of employees 132 177 215 215 215 215 211 226 Imports of goods, services & income 2,525 2,772 4,284 5,050 5,818 6,948 5,514 6,396 Profit remittances on FDI 16 8 34 88 90 163 195 92 Current account balance -22 -37 -324 -604 -434 -976 -655 -800 International reserves 887 914 1,372 1,309 1,832 1,796 2,316 2,619 6. Ratios External debt stocks to exports (%) 58.9 35.4 20.1 14.4 12.7 11.0 17.8 19.9 External debt stocks to GNI (%) 35.2 20.8 12.5 9.6 8.3 6.4 9.3 11.0 Debt service to exports (%) 8.7 16.9 5.8 5.8 2.9 2.8 2.8 2.4 Short-term to external debt stocks (%) 0.1 .. .. .. .. .. 0.9 0.3 Multilateral to external debt stocks (%) 19.1 22.8 32.0 35.2 38.0 42.7 45.6 46.5 Reserves to external debt stocks (%) 62.7 96.6 175.3 208.1 274.3 284.2 280.4 243.4 Reserves to imports (months) 4.2 4.0 3.8 3.1 3.8 3.1 5.0 4.9 208 MAURITIUS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,414 946 782 629 668 632 818 1,072 Public and publicly guaranteed 1,147 828 716 580 605 583 737 972 Official creditors 663 494 504 440 497 500 652 884 Multilateral 270 216 250 221 253 270 377 501 of which: IBRD 140 86 68 61 81 103 204 197 IDA 17 13 10 10 9 9 8 7 Bilateral 393 278 253 219 243 230 275 383 Private creditors 484 334 213 140 109 83 85 88 of which: Bonds 150 0 0 0 0 0 0 0 Commercial banks 315 324 162 108 79 59 65 73 Private nonguaranteed 267 118 66 49 62 49 81 100 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 409 128 138 39 118 114 285 388 Public and publicly guaranteed 353 119 126 28 89 86 217 319 Official creditors 39 43 62 28 89 86 197 292 Multilateral 18 17 31 14 47 48 129 158 of which: IBRD 11 4 2 1 31 30 109 3 IDA 0 0 0 0 0 0 0 0 Bilateral 21 26 31 14 41 38 68 133 Private creditors 313 76 64 0 0 0 19 27 of which: Bonds 150 0 0 0 0 0 0 0 Commercial banks 159 76 61 0 0 0 19 27 Private nonguaranteed 56 9 11 11 29 28 69 69 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 154 401 197 226 126 138 108 113 Public and publicly guaranteed 94 385 176 203 105 104 71 64 Official creditors 60 55 87 115 61 83 51 44 Multilateral 33 34 31 52 26 26 25 22 of which: IBRD 23 18 9 8 11 9 8 6 IDA 1 1 1 1 1 1 1 1 Bilateral 27 21 56 62 35 56 26 23 Private creditors 33 330 89 89 44 21 20 20 of which: Bonds 0 150 0 0 0 0 0 0 Commercial banks 22 146 81 67 38 16 15 15 Private nonguaranteed 60 16 21 23 21 35 37 49 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 56 52 30 29 26 23 20 17 Public and publicly guaranteed 50 51 30 29 26 23 20 16 Official creditors 35 23 19 19 18 18 16 15 Multilateral 16 9 7 9 9 9 7 5 of which: IBRD 11 5 2 3 4 4 3 3 IDA 0 0 0 0 0 0 0 0 Bilateral 19 14 13 10 9 9 9 9 Private creditors 14 29 10 10 8 5 3 2 of which: Bonds 0 5 0 0 0 0 0 0 Commercial banks 12 22 8 8 6 4 2 2 Private nonguaranteed 6 1 0 0 1 0 1 1 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 317 -325 -142 -153 39 -36 194 250 Net flows on external debt 255 -273 -59 -187 -8 -24 177 270 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 63 68 65 97 159 169 164 161 Interest 20 23 24 25 24 22 20 17 Private creditors Principal 48 34 32 19 15 11 10 9 Interest 7 5 3 3 2 1 1 1 Notes: Long-term private nonguaranteed debt data and short-term debt data from 2009 are based on reports provided by the country. Historical private nonguaranteed debt data are World Bank staff estimates. Short-term debt data before 2009 are excluded since BIS data include debt liabilities of offshore centers located in the country. 209 MEXICO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 165,379 150,901 165,841 161,192 178,611 187,137 171,485 200,081 Long-term external debt 112,250 131,969 143,640 134,934 151,249 158,732 143,895 161,068 Public and publicly guaranteed 93,902 81,488 108,482 96,029 105,376 113,950 99,374 111,467 Private nonguaranteed 18,348 50,481 35,158 38,905 45,872 44,782 44,521 49,600 Use of IMF credit 15,828 0 0 0 0 0 0 0 Short-term external debt 37,300 18,932 22,201 26,258 27,362 28,405 27,590 39,013 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 93,471 81,210 108,448 96,022 105,374 113,950 99,374 111,467 Long-term private sector debt 18,779 50,758 35,192 38,912 45,875 44,782 44,521 49,600 Public & publicly guaranteed commitments 24,610 10,828 14,933 14,974 16,663 24,384 23,318 28,741 External debt flows Disbursements 42,966 34,024 25,948 29,483 33,335 33,704 32,005 39,706 Long-term external debt 29,678 32,830 25,948 29,483 33,335 33,704 32,005 39,706 IMF purchases 13,288 1,194 0 0 0 0 0 0 Principal repayments 15,309 44,451 25,098 42,434 24,285 23,568 22,315 21,680 Long-term external debt 14,165 38,958 25,098 42,434 24,285 23,568 22,315 21,680 IMF repurchases 1,144 5,493 0 0 0 0 0 0 Net flows 25,635 -15,557 2,739 -8,894 10,154 11,178 8,875 29,449 Long-term external debt 15,513 -6,128 850 -12,951 9,050 10,135 9,690 18,026 Short-term external debt -2,022 -5,130 1,889 4,057 1,104 1,043 -815 11,423 Interest payments 10,801 14,059 10,571 11,343 12,234 9,458 8,436 9,536 Long-term external debt 7,645 12,014 8,624 9,677 10,218 8,551 7,710 7,090 IMF charges 545 153 0 0 0 0 0 0 Short-term external debt 2,611 1,892 1,947 1,665 2,016 907 726 2,446 2. Other non-debt resource inflows Foreign direct investment 9,526 18,110 24,122 20,052 29,734 26,295 15,334 18,679 Portfolio equity 519 447 3,353 2,805 -482 -3,503 4,169 641 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.1 1.3 1.1 1.0 7.4 6.4 Japanese yen 8.3 7.6 1.8 1.0 0.8 0.9 4.6 6.1 Pound sterling 0.7 0.2 0.1 0.1 0.1 0.0 1.2 1.1 Swiss franc 0.4 0.0 0.2 0.2 0.2 0.1 0.5 0.6 U.S.dollars 65.2 85.0 95.7 96.9 97.4 97.8 86.2 85.8 4. Average terms of new commitments Official creditors Interest (%) 9.1 5.4 4.0 5.9 7.4 3.1 1.3 0.9 Maturity (years) 9.3 14.8 20.4 13.7 13.0 19.5 18.0 16.8 Grace period (years) 2.9 4.8 4.7 4.4 4.3 7.9 9.9 11.3 Private creditors Interest (%) 6.2 8.4 6.5 5.5 6.6 6.6 5.5 4.2 Maturity (years) 3.6 9.4 14.5 11.1 16.6 17.4 9.5 15.4 Grace period (years) 2.5 9.1 7.9 7.6 11.5 9.7 8.6 14.1 5. Major economic aggregates Gross national income (GNI) 273,409 566,409 834,030 933,395 1,016,935 1,079,005 867,973 1,025,199 Exports of goods, services & income 93,034 185,853 235,409 272,390 297,114 316,949 249,740 319,198 Worker remit. & comp. of employees 4,368 7,525 22,742 26,543 26,871 26,035 22,014 22,048 Imports of goods, services & income 98,571 211,589 262,626 302,826 332,360 358,750 277,623 346,329 Profit remittances on FDI 4,259 6,076 7,107 10,173 11,609 10,091 7,891 6,576 Current account balance -1,576 -18,743 -5,080 -4,487 -8,851 -16,339 -6,352 -5,626 International reserves 17,046 35,577 74,110 76,329 87,208 95,300 99,889 120,584 6. Ratios External debt stocks to exports (%) 177.8 81.2 70.4 59.2 60.1 59.0 68.7 62.7 External debt stocks to GNI (%) 60.5 26.6 19.9 17.3 17.6 17.3 19.8 19.5 Debt service to exports (%) 28.1 31.5 15.2 19.7 12.3 10.4 12.3 9.8 Short-term to external debt stocks (%) 22.6 12.5 13.4 16.3 15.3 15.2 16.1 19.5 Multilateral to external debt stocks (%) 11.3 11.4 9.9 5.1 5.1 5.7 10.0 10.6 Reserves to external debt stocks (%) 10.3 23.6 44.7 47.4 48.8 50.9 58.2 60.3 Reserves to imports (months) 2.1 2.0 3.4 3.0 3.1 3.2 4.3 4.2 210 MEXICO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 112,250 131,969 143,640 134,934 151,249 158,732 143,895 161,068 Public and publicly guaranteed 93,902 81,488 108,482 96,029 105,376 113,950 99,374 111,467 Official creditors 38,997 20,850 18,770 10,263 11,009 12,417 21,212 25,655 Multilateral 18,636 17,238 16,478 8,210 9,114 10,648 17,232 21,112 of which: IBRD 13,823 11,444 8,881 4,211 4,540 5,867 10,143 12,462 IDA 0 0 0 0 0 0 0 0 Bilateral 20,361 3,612 2,292 2,053 1,894 1,769 3,980 4,542 Private creditors 54,904 60,639 89,712 85,766 94,368 101,534 78,161 85,813 of which: Bonds 45,287 52,754 68,548 64,025 69,217 78,240 58,890 63,519 Commercial banks 5,302 5,281 20,272 20,940 24,414 22,590 17,552 19,530 Private nonguaranteed 18,348 50,481 35,158 38,905 45,872 44,782 44,521 49,600 of which: Bonds 13,026 20,644 19,442 19,389 22,680 19,958 21,525 29,970 Disbursements 29,678 32,830 25,948 29,483 33,335 33,704 32,005 39,706 Public and publicly guaranteed 23,399 11,483 15,143 14,977 15,625 24,746 21,926 26,862 Official creditors 13,426 2,855 2,309 2,365 2,165 2,761 8,719 5,721 Multilateral 2,663 2,534 1,946 2,108 1,739 2,613 7,571 4,247 of which: IBRD 1,732 1,748 997 1,429 671 1,940 4,882 2,449 IDA 0 0 0 0 0 0 0 0 Bilateral 10,763 322 363 257 426 147 1,148 1,474 Private creditors 9,973 8,628 12,833 12,612 13,459 21,985 13,206 21,141 of which: Bonds 7,059 7,368 10,096 8,069 11,746 18,224 10,897 11,984 Commercial banks 1,699 1,096 2,665 4,439 1,591 3,665 1,728 7,125 Private nonguaranteed 6,279 21,346 10,806 14,506 17,710 8,958 10,079 12,844 of which: Bonds 843 3,346 6,669 4,506 5,826 931 5,067 11,298 Principal repayments 14,165 38,958 25,098 42,434 24,285 23,568 22,315 21,680 Public and publicly guaranteed 9,136 16,328 15,682 31,570 13,541 13,834 11,869 13,938 Official creditors 3,072 3,377 2,527 10,948 1,539 1,459 1,792 1,676 Multilateral 1,714 1,816 1,982 10,420 901 1,120 1,110 667 of which: IBRD 1,411 1,330 1,379 6,100 342 596 669 194 IDA 0 0 0 0 0 0 0 0 Bilateral 1,358 1,561 545 527 638 339 682 1,009 Private creditors 6,064 12,950 13,155 20,623 12,001 12,374 10,077 12,263 of which: Bonds 3,534 9,256 9,989 15,003 10,307 9,649 4,965 7,118 Commercial banks 1,623 2,870 2,983 5,414 1,482 2,542 4,296 4,132 Private nonguaranteed 5,029 22,630 9,416 10,864 10,744 9,735 10,446 7,742 of which: Bonds 610 3,552 2,645 4,703 2,536 3,247 3,500 2,826 Interest payments 7,645 12,014 8,624 9,677 10,218 8,551 7,710 7,090 Public and publicly guaranteed 6,239 7,763 6,758 6,412 6,435 5,752 4,937 4,604 Official creditors 2,659 1,553 847 912 513 458 551 628 Multilateral 1,291 1,275 769 832 433 394 459 531 of which: IBRD 961 890 437 461 232 200 247 246 IDA 0 0 0 0 0 0 0 0 Bilateral 1,368 278 78 80 80 64 92 97 Private creditors 3,579 6,210 5,912 5,500 5,922 5,294 4,386 3,976 of which: Bonds 2,906 4,739 5,474 5,047 5,532 4,957 3,774 3,671 Commercial banks 346 877 404 414 355 309 562 280 Private nonguaranteed 1,407 4,251 1,866 3,266 3,783 2,799 2,773 2,486 of which: Bonds 1,054 1,620 957 1,621 1,694 1,310 1,583 1,379 8. Debt stock-flow reconciliation Total change in external debt stocks 26,833 -15,837 3,557 -4,648 17,418 8,526 -15,652 28,596 Net flows on external debt 25,635 -15,557 2,739 -8,894 10,154 11,178 8,875 29,449 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 293 478 0 0 0 0 0 0 Debt buyback 13 6,644 0 0 0 0 0 1,746 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,975 1,531 1,485 1,433 1,375 1,361 1,245 1,708 Interest 379 341 307 272 238 212 189 166 Private creditors Principal 13,884 13,033 16,899 10,750 11,202 5,763 11,125 1,998 Interest 7,933 7,005 5,954 5,063 4,495 4,107 3,524 3,092 Notes: Short-term debt for 2010 is based on reports provided by the country. 211 MOLDOVA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 695 1,690 2,051 2,437 3,173 3,461 3,557 4,615 Long-term external debt 459 1,047 1,238 1,454 1,935 2,006 1,986 2,723 Public and publicly guaranteed 450 850 698 736 777 791 784 817 Private nonguaranteed 9 197 540 718 1,158 1,214 1,203 1,906 Use of IMF credit 230 154 95 141 160 166 154 327 Short-term external debt 6 489 718 842 1,079 1,289 1,417 1,564 interest arrears on long-term 5 22 56 15 21 22 38 37 Memorandum items Principal arrears on long-term 42 33 78 72 92 97 173 172 Long-term public sector debt 450 839 698 736 777 791 784 817 Long-term private sector debt 9 208 540 718 1,158 1,214 1,203 1,906 Public & publicly guaranteed commitments 169 20 24 40 96 30 70 183 External debt flows Disbursements 230 176 237 415 621 511 271 642 Long-term external debt 166 164 237 351 588 475 271 459 IMF purchases 64 12 0 64 33 36 0 183 Principal repayments 41 82 184 258 239 414 316 307 Long-term external debt 41 57 163 234 217 389 301 299 IMF repurchases 0 25 22 24 22 25 15 8 Net flows 189 560 157 322 613 305 67 483 Long-term external debt 124 107 75 117 371 86 -30 161 Short-term external debt 0 465 104 165 231 208 113 148 Interest payments 29 68 66 76 99 87 70 80 Long-term external debt 19 46 42 38 50 56 52 47 IMF charges 10 8 3 3 2 1 1 0 Short-term external debt 0 14 21 35 47 29 16 32 2. Other non-debt resource inflows Foreign direct investment 26 128 191 240 534 713 128 194 Portfolio equity -1 3 1 2 2 11 2 6 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.6 8.1 8.8 8.9 10.5 9.5 Japanese yen 8.4 3.4 3.3 3.0 2.9 3.4 3.0 2.9 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 22.8 67.1 68.9 69.2 69.0 67.8 66.6 69.4 4. Average terms of new commitments Official creditors Interest (%) 6.8 0.4 1.5 0.8 3.0 0.8 1.2 1.8 Maturity (years) 10.4 39.7 29.2 39.4 23.8 39.6 26.6 15.8 Grace period (years) 3.3 10.2 7.4 10.1 6.2 10.1 8.4 5.3 Private creditors Interest (%) 7.0 5.9 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 6.0 3.2 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.5 3.2 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,724 1,310 3,347 3,809 4,819 6,653 5,743 6,280 Exports of goods, services & income 898 780 2,043 2,132 2,709 3,388 2,586 3,021 Worker remit. & comp. of employees 1 179 920 1,182 1,498 1,897 1,211 1,370 Imports of goods, services & income 1,038 1,089 2,844 3,335 4,615 6,014 4,276 4,850 Profit remittances on FDI 0 3 45 108 182 152 156 155 Current account balance -85 -98 -226 -388 -674 -987 -469 -523 International reserves 257 222 597 775 1,334 1,672 1,480 1,718 6. Ratios External debt stocks to exports (%) 77.4 216.5 100.4 114.3 117.1 102.1 137.6 152.7 External debt stocks to GNI (%) 40.3 129.0 61.3 64.0 65.9 52.0 61.9 73.5 Debt service to exports (%) 7.9 19.2 12.2 15.7 12.5 14.8 14.9 12.8 Short-term to external debt stocks (%) 0.9 28.9 35.0 34.6 34.0 37.2 39.8 33.9 Multilateral to external debt stocks (%) 31.1 23.9 19.9 17.7 14.9 14.3 14.5 12.0 Reserves to external debt stocks (%) 37.0 13.2 29.1 31.8 42.0 48.3 41.6 37.2 Reserves to imports (months) 3.0 2.5 2.5 2.8 3.5 3.3 4.2 4.2 212 MOLDOVA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 459 1,047 1,238 1,454 1,935 2,006 1,986 2,723 Public and publicly guaranteed 450 850 698 736 777 791 784 817 Official creditors 430 743 664 711 759 781 780 814 Multilateral 216 403 409 430 473 495 514 556 of which: IBRD 152 191 161 151 141 129 110 93 IDA 0 103 209 242 292 311 332 386 Bilateral 214 340 255 280 286 286 266 258 Private creditors 19 107 34 25 18 11 4 3 of which: Bonds 0 75 25 19 13 6 0 0 Commercial banks 4 12 7 6 5 4 4 3 Private nonguaranteed 9 197 540 718 1,158 1,214 1,203 1,906 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 166 164 237 351 588 475 271 459 Public and publicly guaranteed 159 54 26 31 47 43 41 89 Official creditors 139 52 26 31 47 43 41 89 Multilateral 81 50 25 29 47 43 41 74 of which: IBRD 50 6 0 0 0 0 0 0 IDA 0 30 24 23 39 24 21 64 Bilateral 58 1 1 3 1 0 0 15 Private creditors 19 2 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 0 0 0 0 0 0 0 Private nonguaranteed 7 110 211 320 541 432 230 370 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 41 57 163 234 217 389 301 299 Public and publicly guaranteed 39 30 42 53 41 42 53 48 Official creditors 39 27 35 45 34 35 46 47 Multilateral 35 21 35 23 21 22 25 25 of which: IBRD 0 5 13 14 15 17 18 18 IDA 0 0 0 0 1 2 3 4 Bilateral 4 5 0 22 13 13 22 22 Private creditors 0 3 7 8 7 6 7 1 of which: Bonds 0 0 6 6 6 6 6 0 Commercial banks 0 0 1 1 1 0 1 1 Private nonguaranteed 2 28 120 181 176 347 248 251 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 19 46 42 38 50 56 52 47 Public and publicly guaranteed 19 39 22 17 18 16 20 14 Official creditors 19 28 20 15 16 15 19 14 Multilateral 11 18 10 11 12 11 8 5 of which: IBRD 8 11 6 7 8 7 4 1 IDA 0 1 2 2 2 2 2 2 Bilateral 8 10 10 3 4 5 12 9 Private creditors 0 11 2 3 2 1 1 0 of which: Bonds 0 7 2 2 2 1 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 7 20 21 33 39 32 33 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 193 672 108 386 736 287 96 1,058 Net flows on external debt 189 560 157 322 613 305 67 483 9. Debt restructurings Total amount rescheduled 0 246 0 88 32 31 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 81 59 63 61 54 41 42 39 Interest 16 15 17 15 13 12 11 9 Private creditors Principal 553 346 205 226 184 31 22 52 Interest 72 39 27 48 33 10 3 8 Notes: Data on long-term private nonguaranteed debt for 2010 are revised based on reports provided by the country. Short-term debt data are World Bank staff estimates based on government statistics. 213 MONGOLIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 531 896 1,327 1,440 1,682 1,833 2,143 2,444 Long-term external debt 472 833 1,267 1,363 1,581 1,705 1,889 2,016 Public and publicly guaranteed 472 833 1,267 1,361 1,576 1,657 1,821 1,795 Private nonguaranteed 0 0 0 3 5 48 68 221 Use of IMF credit 47 50 35 31 26 20 182 198 Short-term external debt 12 13 25 46 75 108 72 230 interest arrears on long-term 0 2 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 4 17 21 25 26 26 10 11 Long-term public sector debt 451 832 1,267 1,361 1,576 1,657 1,821 1,795 Long-term private sector debt 22 1 0 3 5 48 68 221 Public & publicly guaranteed commitments 250 102 72 55 170 304 179 78 External debt flows Disbursements 101 83 91 92 167 121 411 270 Long-term external debt 101 75 91 92 167 121 246 246 IMF purchases 0 8 0 0 0 0 166 23 Principal repayments 42 28 23 31 37 46 79 144 Long-term external debt 32 22 17 25 30 41 73 139 IMF repurchases 9 6 6 6 7 5 7 5 Net flows 67 45 -73 82 160 108 296 284 Long-term external debt 68 53 74 67 137 80 173 107 Short-term external debt 8 -9 -142 21 29 33 -36 158 Interest payments 10 10 20 17 19 35 31 28 Long-term external debt 9 9 15 15 15 30 29 24 IMF charges 1 0 0 0 0 0 1 2 Short-term external debt 0 1 5 2 3 5 1 2 2. Other non-debt resource inflows Foreign direct investment 10 54 185 344 373 845 624 1,455 Portfolio equity .. .. .. .. 1 13 4 680 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.6 8.4 9.1 8.5 8.4 8.2 Japanese yen 26.5 25.0 21.4 19.6 17.6 21.3 20.3 22.6 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.3 0.7 0.6 0.6 0.6 0.6 0.5 0.6 U.S.dollars 38.1 35.8 44.5 45.2 46.7 43.7 43.7 39.9 4. Average terms of new commitments Official creditors Interest (%) 2.2 1.2 1.1 1.0 0.9 1.0 0.7 0.8 Maturity (years) 35.3 31.9 31.5 32.5 33.9 39.3 31.0 39.1 Grace period (years) 10.1 9.3 7.9 8.5 11.1 9.8 9.7 10.1 Private creditors Interest (%) 0.0 0.0 0.0 0.0 8.6 0.0 8.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 3.0 0.0 3.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 3.0 0.0 3.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,425 1,132 2,472 3,353 4,137 5,450 4,388 5,522 Exports of goods, services & income 511 627 1,494 2,048 2,586 3,045 2,324 3,423 Worker remit. & comp. of employees .. 12 180 181 178 225 200 277 Imports of goods, services & income 550 791 1,635 2,042 2,627 3,956 2,852 4,497 Profit remittances on FDI 18 9 41 145 126 109 121 465 Current account balance 39 -70 84 222 172 -690 -342 -887 International reserves 158 202 333 720 1,002 657 1,327 2,288 6. Ratios External debt stocks to exports (%) 103.8 143.1 88.8 70.3 65.0 60.2 92.2 71.4 External debt stocks to GNI (%) 37.2 79.2 53.7 42.9 40.6 33.6 48.8 44.3 Debt service to exports (%) 10.2 6.2 2.9 2.4 2.1 2.7 4.7 5.0 Short-term to external debt stocks (%) 2.2 1.4 1.9 3.2 4.5 5.9 3.4 9.4 Multilateral to external debt stocks (%) 32.0 51.5 59.3 59.3 56.2 52.6 49.9 43.9 Reserves to external debt stocks (%) 29.7 22.5 25.1 50.0 59.6 35.8 61.9 93.6 Reserves to imports (months) 3.4 3.1 2.4 4.2 4.6 2.0 5.6 6.1 214 MONGOLIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 472 833 1,267 1,363 1,581 1,705 1,889 2,016 Public and publicly guaranteed 472 833 1,267 1,361 1,576 1,657 1,821 1,795 Official creditors 404 831 1,266 1,348 1,487 1,571 1,737 1,788 Multilateral 170 462 787 854 944 964 1,069 1,073 of which: IBRD 0 0 0 0 0 0 0 0 IDA 59 137 277 301 331 338 392 403 Bilateral 234 369 479 494 543 606 668 716 Private creditors 68 3 0 13 89 86 84 7 of which: Bonds 0 0 0 0 75 75 75 0 Commercial banks 15 1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 3 5 48 68 221 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 101 75 91 92 167 121 246 246 Public and publicly guaranteed 101 75 91 89 165 75 219 76 Official creditors 95 75 91 71 87 75 219 76 Multilateral 58 47 48 49 52 43 113 39 of which: IBRD 0 0 0 0 0 0 0 0 IDA 8 14 14 13 20 13 55 22 Bilateral 37 28 43 22 35 32 106 37 Private creditors 6 0 0 18 79 0 0 0 of which: Bonds 0 0 0 0 75 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 2 2 47 27 170 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 32 22 17 25 30 41 73 139 Public and publicly guaranteed 32 22 17 25 30 40 64 121 Official creditors 13 19 17 20 28 37 62 44 Multilateral 0 0 6 8 11 15 17 19 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 2 3 4 4 4 Bilateral 13 19 11 12 17 22 44 25 Private creditors 19 3 0 5 3 3 2 77 of which: Bonds 0 0 0 0 0 0 0 75 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 1 8 18 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 9 15 15 15 30 29 24 Public and publicly guaranteed 9 9 15 15 15 24 26 20 Official creditors 5 9 15 15 15 18 19 19 Multilateral 1 4 7 8 8 9 9 10 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 2 2 2 3 2 3 Bilateral 4 5 8 7 7 9 10 9 Private creditors 4 0 0 0 0 7 7 1 of which: Bonds 0 0 0 0 0 6 6 1 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 6 4 4 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 66 -18 -191 114 241 151 310 301 Net flows on external debt 67 45 -73 82 160 108 296 284 9. Debt restructurings Total amount rescheduled 0 0 0 3 0 0 0 0 Total amount forgiven 0 0 0 17 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 63 68 68 71 75 76 75 89 Interest 24 25 25 25 24 25 24 23 Private creditors Principal 27 40 41 27 50 47 1 0 Interest 6 5 4 3 2 1 0 0 Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development. 215 MONTENEGRO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks .. .. .. 841 1,263 1,466 2,315 1,554 Long-term external debt .. .. .. 841 858 864 1,108 1,368 Public and publicly guaranteed .. .. .. 829 848 855 1,093 1,350 Private nonguaranteed .. .. .. 12 10 9 15 19 Use of IMF credit .. .. .. 0 0 0 0 0 Short-term external debt .. .. .. .. 405 602 1,207 186 interest arrears on long-term .. .. .. .. 0 0 0 0 Memorandum items Principal arrears on long-term .. .. .. 0 0 0 0 0 Long-term public sector debt .. .. .. 829 848 855 1,093 1,350 Long-term private sector debt .. .. .. 12 10 9 15 19 Public & publicly guaranteed commitments .. .. .. 64 193 43 395 271 External debt flows Disbursements .. .. .. 88 78 64 249 388 Long-term external debt .. .. .. 88 78 64 249 388 IMF purchases .. .. .. 0 0 0 0 0 Principal repayments .. .. .. 13 109 28 31 61 Long-term external debt .. .. .. 13 109 28 31 61 IMF repurchases .. .. .. 0 0 0 0 0 Net flows .. .. .. 75 -32 233 823 -695 Long-term external debt .. .. .. 75 -32 36 218 326 Short-term external debt .. .. .. .. .. 197 605 -1,021 Interest payments .. .. .. 28 50 40 40 38 Long-term external debt .. .. .. 28 35 28 28 34 IMF charges .. .. .. 0 0 0 0 0 Short-term external debt .. .. .. 0 15 12 12 4 2. Other non-debt resource inflows Foreign direct investment .. .. .. .. 934 960 1,527 760 Portfolio equity .. .. .. .. 5 -6 -5 -8 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. 44.4 51.0 51.3 59.8 69.1 Japanese yen .. .. .. 0.0 0.0 0.0 0.0 0.0 Pound sterling .. .. .. 0.1 0.1 0.0 0.0 0.0 Swiss franc .. .. .. 1.8 3.9 4.0 3.3 2.9 U.S.dollars .. .. .. 50.6 41.4 39.3 32.4 24.0 4. Average terms of new commitments Official creditors Interest (%) .. .. .. 1.2 2.4 2.3 1.7 1.1 Maturity (years) .. .. .. 14.7 15.7 9.2 14.4 9.8 Grace period (years) .. .. .. 3.8 5.3 3.2 2.4 4.3 Private creditors Interest (%) .. .. .. 4.0 2.0 0.0 7.8 7.9 Maturity (years) .. .. .. 5.6 13.1 0.0 5.0 5.1 Grace period (years) .. .. .. 1.1 3.6 0.0 0.6 5.1 5. Major economic aggregates Gross national income (GNI) .. .. .. 2,735 3,690 4,587 4,149 3,976 Exports of goods, services & income .. .. .. .. 1,727 2,007 1,583 1,681 Worker remit. & comp. of employees .. .. .. .. 196 298 302 301 Imports of goods, services & income .. .. .. .. 3,283 4,433 2,947 2,864 Profit remittances on FDI .. .. .. .. 16 43 90 100 Current account balance .. .. .. .. -1,475 -2,320 -1,245 -1,031 International reserves .. .. .. 457 689 436 573 556 6. Ratios External debt stocks to exports (%) .. .. .. .. 73.1 73.1 146.2 92.5 External debt stocks to GNI (%) .. .. .. 30.8 34.2 32.0 55.8 39.1 Debt service to exports (%) .. .. .. .. 9.2 3.4 4.5 5.9 Short-term to external debt stocks (%) .. .. .. .. 32.1 41.1 52.1 12.0 Multilateral to external debt stocks (%) .. .. .. 64.6 43.6 38.2 25.5 35.8 Reserves to external debt stocks (%) .. .. .. 54.4 54.5 29.7 24.7 35.8 Reserves to imports (months) .. .. .. .. 2.5 1.2 2.3 2.3 216 MONTENEGRO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed .. .. .. 841 858 864 1,108 1,368 Public and publicly guaranteed .. .. .. 829 848 855 1,093 1,350 Official creditors .. .. .. 810 832 840 893 837 Multilateral .. .. .. 543 550 560 591 556 of which: IBRD .. .. .. 345 283 269 261 236 IDA .. .. .. 47 56 71 75 79 Bilateral .. .. .. 266 281 281 302 281 Private creditors .. .. .. 19 17 15 201 512 of which: Bonds .. .. .. 0 0 0 0 267 Commercial banks .. .. .. 19 17 15 201 245 Private nonguaranteed .. .. .. 12 10 9 15 19 of which: Bonds .. .. .. 0 0 0 0 0 Disbursements .. .. .. 88 78 64 249 388 Public and publicly guaranteed .. .. .. 86 77 60 242 375 Official creditors .. .. .. 82 77 60 61 27 Multilateral .. .. .. 40 49 37 41 12 of which: IBRD .. .. .. 0 0 0 3 5 IDA .. .. .. 14 7 15 4 3 Bilateral .. .. .. 43 28 23 20 15 Private creditors .. .. .. 3 0 0 181 348 of which: Bonds .. .. .. 0 0 0 0 265 Commercial banks .. .. .. 3 0 0 181 83 Private nonguaranteed .. .. .. 2 1 4 7 12 of which: Bonds .. .. .. 0 0 0 0 0 Principal repayments .. .. .. 13 109 28 31 61 Public and publicly guaranteed .. .. .. 12 105 25 29 60 Official creditors .. .. .. 12 105 24 28 33 Multilateral .. .. .. 8 98 14 20 16 of which: IBRD .. .. .. 8 96 10 12 10 IDA .. .. .. 0 0 0 0 0 Bilateral .. .. .. 4 6 10 8 17 Private creditors .. .. .. 0 1 1 1 27 of which: Bonds .. .. .. 0 0 0 0 0 Commercial banks .. .. .. 0 1 1 1 27 Private nonguaranteed .. .. .. 0 4 3 2 2 of which: Bonds .. .. .. 0 0 0 0 0 Interest payments .. .. .. 28 35 28 28 34 Public and publicly guaranteed .. .. .. 28 34 27 28 33 Official creditors .. .. .. 27 34 27 26 20 Multilateral .. .. .. 21 28 22 19 14 of which: IBRD .. .. .. 16 22 15 10 5 IDA .. .. .. 0 0 0 1 1 Bilateral .. .. .. 6 6 5 7 6 Private creditors .. .. .. 1 1 0 2 13 of which: Bonds .. .. .. 0 0 0 0 0 Commercial banks .. .. .. 1 1 0 2 13 Private nonguaranteed .. .. .. 0 1 0 0 1 of which: Bonds .. .. .. 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. .. 453 422 204 849 -760 Net flows on external debt .. .. .. 75 -32 233 823 -695 9. Debt restructurings Total amount rescheduled .. .. .. 39 0 0 0 0 Total amount forgiven .. .. .. 0 205 0 0 0 Debt buyback .. .. .. 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 55 64 73 81 84 82 80 84 Interest 16 16 15 15 14 12 11 10 Private creditors Principal 54 57 57 48 284 5 4 4 Interest 36 32 28 24 22 1 0 0 Notes: Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development. Montenegro became independent in 2006 and started to report data in 2007. 217 MOROCCO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 23,771 20,674 16,174 17,815 20,543 20,825 23,751 25,403 Long-term external debt 23,521 19,101 15,492 16,083 18,624 19,194 21,572 23,603 Public and publicly guaranteed 23,190 17,239 12,441 13,496 15,650 16,538 19,218 21,015 Private nonguaranteed 331 1,862 3,051 2,588 2,975 2,656 2,354 2,589 Use of IMF credit 52 0 0 0 0 0 0 0 Short-term external debt 198 1,573 682 1,732 1,919 1,631 2,179 1,800 interest arrears on long-term 92 122 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 138 535 3 4 2 1 0 0 Long-term public sector debt 22,944 17,077 12,381 13,425 15,565 16,446 19,134 20,933 Long-term private sector debt 577 2,023 3,111 2,659 3,059 2,748 2,438 2,670 Public & publicly guaranteed commitments 2,583 535 2,277 2,842 3,888 1,421 3,309 6,667 External debt flows Disbursements 2,309 1,638 2,456 2,426 3,976 4,554 4,551 4,970 Long-term external debt 2,309 1,638 2,456 2,426 3,976 4,554 4,551 4,970 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,368 1,631 2,138 2,784 3,325 3,451 2,709 2,436 Long-term external debt 2,268 1,631 2,138 2,784 3,325 3,451 2,709 2,436 IMF repurchases 100 0 0 0 0 0 0 0 Net flows -81 -448 832 692 838 814 2,390 2,155 Long-term external debt 41 7 318 -358 651 1,102 1,842 2,534 Short-term external debt -22 -455 514 1,050 187 -288 548 -379 Interest payments 1,391 1,075 590 616 694 752 702 875 Long-term external debt 1,360 948 569 540 590 709 678 850 IMF charges 7 0 0 0 0 0 0 0 Short-term external debt 24 127 22 76 104 43 24 26 2. Other non-debt resource inflows Foreign direct investment 92 221 1,620 2,366 2,807 2,466 1,970 1,241 Portfolio equity 20 18 64 -298 -64 148 -4 132 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 43.4 47.2 54.6 53.0 54.5 55.4 Japanese yen 3.8 3.3 5.1 5.0 4.7 6.1 5.9 6.8 Pound sterling 0.2 0.1 0.0 0.0 0.0 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 27.2 37.6 23.8 19.6 12.6 11.9 10.4 10.3 4. Average terms of new commitments Official creditors Interest (%) 4.4 3.4 3.1 3.7 3.9 4.3 2.7 2.2 Maturity (years) 19.8 25.1 19.5 23.0 19.6 19.8 20.2 20.5 Grace period (years) 5.4 6.4 5.5 6.5 5.7 5.0 5.0 5.7 Private creditors Interest (%) 7.1 5.6 3.6 4.0 5.2 5.3 4.1 3.5 Maturity (years) 9.7 7.7 11.7 14.7 10.3 10.3 12.2 19.0 Grace period (years) 1.5 1.0 1.2 3.0 8.4 0.8 0.4 10.3 5. Major economic aggregates Gross national income (GNI) 31,668 36,053 58,760 64,703 74,246 87,411 89,489 90,246 Exports of goods, services & income 9,296 10,729 19,477 22,465 28,272 34,806 27,306 30,997 Worker remit. & comp. of employees 1,970 2,161 4,590 5,451 6,730 6,895 6,270 6,423 Imports of goods, services & income 12,812 13,686 23,811 27,383 36,098 48,102 39,728 42,193 Profit remittances on FDI 100 268 594 674 730 835 1,753 1,445 Current account balance -1,186 -475 1,041 1,411 -122 -4,528 -4,971 -3,925 International reserves 3,874 5,017 16,551 20,791 24,714 22,720 23,568 23,609 6. Ratios External debt stocks to exports (%) 255.7 192.7 83.0 79.3 72.7 59.8 87.0 82.0 External debt stocks to GNI (%) 75.1 57.3 27.5 27.5 27.7 23.8 26.5 28.1 Debt service to exports (%) 40.4 25.2 14.0 15.1 14.2 12.1 12.5 10.7 Short-term to external debt stocks (%) 0.8 7.6 4.2 9.7 9.3 7.8 9.2 7.1 Multilateral to external debt stocks (%) 29.1 29.5 36.3 37.2 38.4 41.2 42.2 40.0 Reserves to external debt stocks (%) 16.3 24.3 102.3 116.7 120.3 109.1 99.2 92.9 Reserves to imports (months) 3.6 4.4 8.3 9.1 8.2 5.7 7.1 6.7 218 MOROCCO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 23,521 19,101 15,492 16,083 18,624 19,194 21,572 23,603 Public and publicly guaranteed 23,190 17,239 12,441 13,496 15,650 16,538 19,218 21,015 Official creditors 16,875 12,754 10,118 11,196 13,084 14,543 16,713 17,234 Multilateral 6,913 6,091 5,874 6,635 7,894 8,576 10,020 10,149 of which: IBRD 3,966 2,837 2,258 2,267 2,578 2,540 2,543 2,468 IDA 33 27 20 18 17 16 14 13 Bilateral 9,962 6,663 4,244 4,562 5,190 5,967 6,694 7,085 Private creditors 6,315 4,485 2,323 2,300 2,566 1,994 2,504 3,780 of which: Bonds 0 152 472 527 589 0 0 1,336 Commercial banks 4,234 3,300 1,466 1,470 1,745 1,749 2,259 2,251 Private nonguaranteed 331 1,862 3,051 2,588 2,975 2,656 2,354 2,589 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 2,309 1,638 2,456 2,426 3,976 4,554 4,551 4,970 Public and publicly guaranteed 2,206 980 1,658 1,850 2,714 3,093 3,468 3,854 Official creditors 1,521 631 1,562 1,531 1,810 2,800 2,868 2,229 Multilateral 1,008 466 1,134 1,030 1,125 1,533 1,828 1,246 of which: IBRD 426 138 262 176 418 242 241 271 IDA 0 0 0 0 0 0 0 0 Bilateral 513 166 427 501 685 1,267 1,040 983 Private creditors 686 349 97 320 904 292 600 1,625 of which: Bonds 0 0 0 0 0 0 0 1,327 Commercial banks 224 143 74 313 903 222 567 297 Private nonguaranteed 103 658 798 575 1,262 1,461 1,083 1,116 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 2,268 1,631 2,138 2,784 3,325 3,451 2,709 2,436 Public and publicly guaranteed 2,238 1,592 1,881 1,558 1,861 1,795 1,138 1,282 Official creditors 1,638 926 1,303 1,063 990 1,043 966 1,099 Multilateral 625 550 689 591 525 592 532 620 of which: IBRD 348 307 309 330 294 262 238 202 IDA 1 1 1 1 1 1 1 1 Bilateral 1,012 376 613 472 464 450 434 479 Private creditors 600 666 578 495 872 753 172 184 of which: Bonds 0 30 41 0 0 589 0 0 Commercial banks 112 350 372 372 777 119 131 148 Private nonguaranteed 30 39 258 1,226 1,464 1,656 1,572 1,154 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 1,360 948 569 540 590 709 678 850 Public and publicly guaranteed 1,358 877 501 472 555 655 612 819 Official creditors 923 548 388 360 443 535 523 731 Multilateral 466 363 230 235 300 364 340 295 of which: IBRD 282 190 87 88 104 125 93 52 IDA 0 0 0 0 0 0 0 0 Bilateral 457 185 157 126 143 171 183 436 Private creditors 436 329 113 112 112 120 89 88 of which: Bonds 0 14 25 25 27 29 0 0 Commercial banks 259 228 65 70 72 80 80 78 Private nonguaranteed 2 71 68 67 34 54 66 31 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 798 -2,262 -709 1,641 2,728 281 2,926 1,652 Net flows on external debt -81 -448 832 692 838 814 2,390 2,155 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 117 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,564 1,716 1,615 1,610 1,576 1,589 1,619 1,592 Interest 514 523 513 494 465 431 392 351 Private creditors Principal 431 463 541 525 531 540 1,208 527 Interest 228 237 232 220 205 190 157 124 219 MOZAMBIQUE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 7,409 7,205 4,153 2,649 2,908 3,392 4,046 4,124 Long-term external debt 6,930 6,410 3,383 2,061 2,376 2,797 3,241 2,960 Public and publicly guaranteed 5,161 4,693 3,383 2,061 2,376 2,797 3,241 2,960 Private nonguaranteed 1,769 1,717 0 0 0 0 0 0 Use of IMF credit 202 219 157 10 15 15 171 190 Short-term external debt 277 576 613 578 516 581 634 975 interest arrears on long-term 248 411 525 496 387 450 467 878 Memorandum items Principal arrears on long-term 1,039 714 464 471 418 430 441 226 Long-term public sector debt 5,161 4,693 3,383 2,061 2,376 2,797 3,241 2,960 Long-term private sector debt 1,769 1,717 0 0 0 0 0 0 Public & publicly guaranteed commitments 150 237 170 331 410 649 474 718 External debt flows Disbursements 267 190 334 351 343 414 605 378 Long-term external debt 267 131 329 346 338 414 452 356 IMF purchases 0 60 5 5 5 0 153 22 Principal repayments 85 64 55 16 10 14 15 40 Long-term external debt 71 64 39 16 10 14 15 40 IMF repurchases 14 0 15 0 0 0 0 0 Net flows 193 62 315 329 380 402 626 268 Long-term external debt 196 67 290 330 328 400 437 316 Short-term external debt 11 -64 36 -6 47 2 36 -70 Interest payments 77 32 24 22 19 23 29 50 Long-term external debt 75 20 22 19 14 19 23 47 IMF charges 1 1 0 0 0 0 0 0 Short-term external debt 1 11 2 2 4 4 5 3 2. Other non-debt resource inflows Foreign direct investment 45 139 108 154 427 592 881 789 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.4 6.0 6.5 6.7 6.8 9.5 Japanese yen 1.8 1.8 1.2 2.0 2.0 2.1 1.0 0.9 Pound sterling 2.1 2.1 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 60.0 68.7 68.7 62.6 58.3 57.4 54.9 44.2 4. Average terms of new commitments Official creditors Interest (%) 0.9 0.8 0.7 0.7 0.8 1.1 1.3 0.7 Maturity (years) 36.8 46.6 38.1 42.2 37.5 36.4 33.5 41.9 Grace period (years) 9.3 12.9 10.1 9.6 9.7 13.1 8.2 10.2 Private creditors Interest (%) 0.0 0.0 0.0 4.9 5.7 0.0 0.0 1.2 Maturity (years) 0.0 0.0 0.0 11.2 11.5 0.0 12.8 32.3 Grace period (years) 0.0 0.0 0.0 1.7 2.0 0.0 2.8 13.3 5. Major economic aggregates Gross national income (GNI) 2,069 4,017 6,219 6,472 7,445 9,263 9,696 9,421 Exports of goods, services & income 470 769 2,186 2,927 3,064 3,375 2,629 3,052 Worker remit. & comp. of employees 59 37 57 80 99 116 111 132 Imports of goods, services & income 1,254 1,763 3,350 4,201 4,452 5,407 4,564 4,624 Profit remittances on FDI .. 0 284 471 554 544 84 70 Current account balance -445 -764 -761 -773 -785 -1,179 -1,171 -913 International reserves 195 742 1,103 1,216 1,524 1,661 2,181 2,265 6. Ratios External debt stocks to exports (%) 1,575.0 937.3 190.0 90.5 94.9 100.5 153.9 135.1 External debt stocks to GNI (%) 358.2 179.3 66.8 40.9 39.1 36.6 41.7 43.8 Debt service to exports (%) 34.5 12.5 3.6 1.3 0.9 1.1 1.6 2.9 Short-term to external debt stocks (%) 3.7 8.0 14.8 21.8 17.7 17.1 15.7 23.6 Multilateral to external debt stocks (%) 17.2 15.4 56.4 38.3 46.4 49.9 49.3 53.5 Reserves to external debt stocks (%) 2.6 10.3 26.6 45.9 52.4 48.9 53.9 54.9 Reserves to imports (months) 1.9 5.1 4.0 3.5 4.1 3.7 5.7 5.9 220 MOZAMBIQUE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 6,930 6,410 3,383 2,061 2,376 2,797 3,241 2,960 Public and publicly guaranteed 5,161 4,693 3,383 2,061 2,376 2,797 3,241 2,960 Official creditors 5,115 4,682 3,381 2,060 2,368 2,790 3,213 2,862 Multilateral 1,277 1,106 2,341 1,014 1,349 1,693 1,996 2,205 of which: IBRD 0 0 0 0 0 0 0 0 IDA 890 760 1,575 655 902 1,149 1,356 1,491 Bilateral 3,838 3,576 1,040 1,045 1,018 1,097 1,217 657 Private creditors 46 11 2 2 9 7 28 98 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 7 0 0 0 0 0 0 51 Private nonguaranteed 1,769 1,717 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 267 131 329 346 338 414 452 356 Public and publicly guaranteed 231 131 329 346 338 414 452 356 Official creditors 231 131 329 346 332 412 429 277 Multilateral 219 128 327 341 319 358 295 252 of which: IBRD 0 0 0 0 0 0 0 0 IDA 160 97 227 223 212 255 199 163 Bilateral 11 3 3 5 13 55 134 26 Private creditors 0 0 0 0 6 2 23 79 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 51 Private nonguaranteed 36 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 71 64 39 16 10 14 15 40 Public and publicly guaranteed 67 34 18 16 10 14 15 40 Official creditors 58 33 18 16 10 11 12 32 Multilateral 13 18 12 11 5 7 8 14 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 5 3 0 0 2 5 Bilateral 45 15 7 5 4 4 4 18 Private creditors 9 1 0 0 0 3 3 8 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 Private nonguaranteed 3 30 21 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 75 20 22 19 14 19 23 47 Public and publicly guaranteed 74 20 22 19 14 19 23 47 Official creditors 71 20 22 19 14 19 23 47 Multilateral 12 9 18 15 10 15 19 22 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 4 12 9 6 8 9 10 Bilateral 59 11 4 4 4 4 4 24 Private creditors 3 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 1 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 187 34 -318 -1,504 259 485 653 78 Net flows on external debt 193 62 315 329 380 402 626 268 9. Debt restructurings Total amount rescheduled 66 0 0 0 14 0 0 0 Total amount forgiven 323 113 29 1,892 139 3 0 656 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 47 46 50 70 69 75 89 96 Interest 29 30 31 32 32 31 30 29 Private creditors Principal 6 7 7 7 7 7 6 5 Interest 3 4 5 4 4 4 4 3 Notes: Mozambique was granted debt relief effective in 2006 under MDRI. 221 MYANMAR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 5,771 5,975 7,014 7,264 8,241 8,002 8,186 6,352 Long-term external debt 5,378 5,287 5,515 5,609 6,221 6,121 6,320 4,395 Public and publicly guaranteed 5,378 5,287 5,515 5,609 6,221 6,121 6,320 4,395 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 393 688 1,498 1,656 2,021 1,881 1,866 1,956 interest arrears on long-term 352 490 759 806 958 950 1,009 1,116 Memorandum items Principal arrears on long-term 1,359 1,784 2,914 3,128 3,757 3,840 4,147 4,562 Long-term public sector debt 5,271 5,193 5,414 5,508 6,102 6,000 6,193 4,367 Long-term private sector debt 107 94 101 101 118 121 127 28 Public & publicly guaranteed commitments 118 0 0 0 0 0 0 0 External debt flows Disbursements 86 14 1 0 1 1 0 1 Long-term external debt 86 14 1 0 1 1 0 1 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 180 22 25 9 11 10 9 651 Long-term external debt 180 22 25 9 11 10 9 651 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -74 33 -36 102 203 -142 -83 -668 Long-term external debt -95 -7 -24 -9 -10 -10 -9 -651 Short-term external debt 20 41 -12 111 213 -132 -74 -17 Interest payments 70 14 46 55 42 23 20 36 Long-term external debt 68 2 1 1 2 2 2 20 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 2 12 44 54 40 21 18 16 2. Other non-debt resource inflows Foreign direct investment 280 258 237 279 258 283 323 756 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 11.0 11.9 12.6 10.6 10.3 13.1 Japanese yen 52.3 44.9 45.4 44.5 47.2 48.9 49.8 41.6 Pound sterling 1.3 1.2 1.4 1.5 1.4 1.0 1.1 1.6 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 22.6 35.4 33.5 33.3 30.3 30.6 29.9 31.3 4. Average terms of new commitments Official creditors Interest (%) 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 33.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 24.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 6.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. .. .. .. .. .. .. .. Exports of goods, services & income 1,323 2,175 4,102 4,932 .. .. .. .. Worker remit. & comp. of employees 81 104 131 116 116 116 116 133 Imports of goods, services & income 2,146 2,662 3,689 4,252 .. .. .. .. Profit remittances on FDI .. 137 1,402 1,317 .. .. .. .. Current account balance -261 -212 588 802 .. .. .. .. International reserves 651 286 889 1,383 .. .. .. .. 6. Ratios External debt stocks to exports (%) 436.3 274.7 171.0 147.3 .. .. .. .. External debt stocks to GNI (%) .. .. .. .. .. .. .. .. Debt service to exports (%) 18.9 1.7 1.7 1.3 .. .. .. .. Short-term to external debt stocks (%) 6.8 11.5 21.4 22.8 24.5 23.5 22.8 30.8 Multilateral to external debt stocks (%) 23.1 19.2 17.5 17.2 15.7 16.4 16.4 22.3 Reserves to external debt stocks (%) 11.3 4.8 12.7 19.0 .. .. .. .. Reserves to imports (months) 3.6 1.3 2.9 3.9 .. .. .. .. 222 MYANMAR (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 5,378 5,287 5,515 5,609 6,221 6,121 6,320 4,395 Public and publicly guaranteed 5,378 5,287 5,515 5,609 6,221 6,121 6,320 4,395 Official creditors 5,011 4,262 4,568 4,646 5,218 5,155 5,345 3,989 Multilateral 1,331 1,148 1,228 1,253 1,290 1,311 1,341 1,415 of which: IBRD 0 0 0 0 0 0 0 0 IDA 777 684 752 776 793 770 777 799 Bilateral 3,680 3,114 3,340 3,393 3,928 3,845 4,004 2,574 Private creditors 367 1,026 947 963 1,002 966 976 406 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 546 546 546 546 546 546 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 86 14 1 0 1 1 0 1 Public and publicly guaranteed 86 14 1 0 1 1 0 1 Official creditors 17 12 1 0 1 1 0 1 Multilateral 0 1 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 16 11 1 0 1 0 0 1 Private creditors 69 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 Principal repayments 180 22 25 9 11 10 9 651 Public and publicly guaranteed 180 22 25 9 11 10 9 651 Official creditors 147 2 8 8 11 10 9 105 Multilateral 25 2 2 2 2 1 1 1 of which: IBRD 0 0 0 0 0 0 0 0 IDA 9 0 0 0 0 0 0 0 Bilateral 122 0 6 6 9 9 8 104 Private creditors 34 20 17 1 1 0 0 546 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 546 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 68 2 1 1 2 2 2 20 Public and publicly guaranteed 68 2 1 1 2 2 2 20 Official creditors 66 0 1 1 2 2 2 10 Multilateral 13 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 0 0 0 0 0 0 0 Bilateral 53 0 1 1 2 2 2 10 Private creditors 2 2 0 0 0 0 0 10 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 10 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 -785 -29 -469 250 977 -240 184 -1,834 Net flows on external debt -74 33 -36 102 203 -142 -83 -668 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 186 175 159 138 123 82 110 100 Interest 20 17 15 13 11 9 8 8 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Fiscal year-end for external debt data is March. Data on long-term public and publicly guaranteed debt are World Bank staff estimates based on the original terms of the loans. 223 NEPAL (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,410 2,867 3,180 3,392 3,602 3,685 3,683 3,702 Long-term external debt 2,339 2,826 3,112 3,268 3,468 3,551 3,563 3,527 Public and publicly guaranteed 2,339 2,826 3,112 3,268 3,468 3,551 3,563 3,527 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 48 12 20 43 79 77 76 114 Short-term external debt 23 29 47 81 55 57 44 61 interest arrears on long-term 2 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 8 0 0 0 0 0 0 0 Long-term public sector debt 2,338 2,826 3,112 3,268 3,468 3,551 3,563 3,527 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 89 86 195 166 131 84 183 432 External debt flows Disbursements 164 154 192 184 175 103 127 177 Long-term external debt 164 154 192 163 141 103 127 134 IMF purchases 0 0 0 21 33 0 0 44 Principal repayments 53 71 85 105 113 127 143 154 Long-term external debt 45 67 85 105 113 127 140 149 IMF repurchases 8 4 0 0 0 0 2 4 Net flows 71 69 118 113 36 -21 -29 41 Long-term external debt 119 87 107 58 29 -23 -14 -16 Short-term external debt -40 -14 11 34 -26 2 -13 17 Interest payments 32 31 32 34 35 35 34 33 Long-term external debt 29 28 30 30 30 34 32 33 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 2 3 2 4 4 1 1 1 2. Other non-debt resource inflows Foreign direct investment .. 0 2 -7 6 1 38 88 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.1 2.1 2.1 1.7 1.6 1.4 Japanese yen 11.3 9.2 8.9 7.7 7.1 8.0 7.1 7.3 Pound sterling 0.1 0.1 0.1 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 44.0 38.6 43.6 44.2 43.5 42.5 42.3 41.9 4. Average terms of new commitments Official creditors Interest (%) 3.5 1.4 1.1 1.3 1.9 0.6 0.8 1.2 Maturity (years) 29.8 31.4 34.6 24.6 25.2 30.7 37.1 31.4 Grace period (years) 7.9 8.1 8.7 8.1 6.3 9.8 9.8 8.2 Private creditors Interest (%) 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 27.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 8.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 4,407 5,514 8,153 9,144 10,383 12,695 13,050 15,823 Exports of goods, services & income 1,072 1,354 1,423 1,393 1,661 1,946 1,753 1,784 Worker remit. & comp. of employees 57 111 1,212 1,453 1,734 2,727 2,986 3,468 Imports of goods, services & income 1,659 1,825 2,803 3,030 3,743 4,456 5,160 6,004 Profit remittances on FDI 0 0 57 56 54 44 9 50 Current account balance -356 -131 153 150 6 733 18 -128 International reserves 646 987 1,565 .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 224.7 211.7 223.4 243.6 216.9 189.4 210.1 207.6 External debt stocks to GNI (%) 54.7 52.0 39.0 37.1 34.7 29.0 28.2 23.4 Debt service to exports (%) 7.9 7.5 8.2 9.9 8.9 8.3 10.1 10.5 Short-term to external debt stocks (%) 0.9 1.0 1.5 2.4 1.5 1.5 1.2 1.6 Multilateral to external debt stocks (%) 81.0 85.7 86.1 86.0 86.8 86.5 87.2 85.1 Reserves to external debt stocks (%) 26.8 34.4 49.2 .. .. .. .. .. Reserves to imports (months) 4.7 6.5 6.7 .. .. .. .. .. 224 NEPAL (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,339 2,826 3,112 3,268 3,468 3,551 3,563 3,527 Public and publicly guaranteed 2,339 2,826 3,112 3,268 3,468 3,551 3,563 3,527 Official creditors 2,282 2,821 3,108 3,264 3,464 3,547 3,559 3,524 Multilateral 1,952 2,457 2,737 2,918 3,126 3,187 3,211 3,150 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,023 1,132 1,396 1,468 1,524 1,507 1,483 1,426 Bilateral 329 364 370 346 338 360 349 374 Private creditors 57 5 5 5 5 4 4 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 Disbursements 164 154 192 163 141 103 127 134 Public and publicly guaranteed 164 154 192 163 141 103 127 134 Official creditors 164 154 192 163 141 103 127 134 Multilateral 151 142 86 157 135 102 104 103 of which: IBRD 0 0 0 0 0 0 0 0 IDA 82 49 33 43 35 31 7 11 Bilateral 13 11 106 6 6 2 23 31 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 Principal repayments 45 67 85 105 113 127 140 149 Public and publicly guaranteed 45 67 85 105 113 127 140 149 Official creditors 40 59 85 104 112 126 140 149 Multilateral 24 37 61 68 81 93 106 114 of which: IBRD 0 0 0 0 0 0 0 0 IDA 7 16 30 31 34 39 41 43 Bilateral 16 22 24 36 32 33 34 35 Private creditors 5 7 1 0 1 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 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 29 28 30 30 30 34 32 33 Public and publicly guaranteed 29 28 30 30 30 34 32 33 Official creditors 24 27 30 30 30 34 32 32 Multilateral 17 22 26 25 26 29 28 28 of which: IBRD 0 0 0 0 0 0 0 0 IDA 7 8 12 11 11 12 11 11 Bilateral 8 5 4 5 4 4 4 4 Private creditors 5 1 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 89 -152 -177 213 210 83 -2 19 Net flows on external debt 71 69 118 113 36 -21 -29 41 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 159 163 169 173 180 181 185 188 Interest 44 44 44 43 42 40 40 38 Private creditors Principal 1 1 1 1 1 0 0 0 Interest 0 0 0 0 0 0 0 0 225 NICARAGUA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 10,396 6,742 4,931 4,114 3,701 4,232 4,672 4,786 Long-term external debt 8,572 5,661 4,190 3,434 2,813 3,402 3,806 3,922 Public and publicly guaranteed 8,572 5,380 3,899 3,201 2,151 2,234 2,488 2,668 Private nonguaranteed 0 281 292 232 662 1,168 1,318 1,255 Use of IMF credit 39 169 201 63 85 111 150 167 Short-term external debt 1,785 912 540 617 803 719 716 697 interest arrears on long-term 1,475 791 364 438 467 472 484 495 Memorandum items Principal arrears on long-term 3,230 900 550 558 482 465 458 456 Long-term public sector debt 8,572 5,416 3,817 3,188 2,137 2,222 2,475 2,655 Long-term private sector debt 0 246 374 245 676 1,180 1,331 1,267 Public & publicly guaranteed commitments 361 185 160 566 81 283 252 335 External debt flows Disbursements 277 537 287 312 940 975 803 583 Long-term external debt 277 511 287 250 922 946 766 563 IMF purchases 0 27 0 61 18 29 37 20 Principal repayments 203 189 118 107 329 308 386 415 Long-term external debt 190 183 110 107 329 308 386 415 IMF repurchases 13 5 9 0 0 0 0 0 Net flows 88 351 211 208 768 577 401 138 Long-term external debt 87 327 177 143 593 637 380 149 Short-term external debt 13 3 43 3 157 -89 -15 -30 Interest payments 85 98 53 58 77 107 131 106 Long-term external debt 76 91 45 50 64 97 122 99 IMF charges 1 1 0 0 0 0 1 0 Short-term external debt 8 7 8 8 13 9 8 7 2. Other non-debt resource inflows Foreign direct investment 89 267 241 287 382 626 434 508 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 0.5 1.3 3.8 4.1 4.7 5.1 Japanese yen 1.3 2.3 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 0.1 0.1 0.0 0.0 0.0 0.0 U.S.dollars 72.9 71.1 81.1 76.4 84.7 84.6 84.4 84.7 4. Average terms of new commitments Official creditors Interest (%) 2.3 1.6 1.3 3.0 1.8 2.7 4.1 2.0 Maturity (years) 32.2 36.9 33.2 27.4 26.0 32.2 33.6 28.6 Grace period (years) 8.4 9.6 9.1 7.8 6.9 11.4 6.4 5.9 Private creditors Interest (%) 7.4 0.7 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 9.0 39.9 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.0 10.5 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2,821 3,735 4,723 5,103 5,565 6,152 5,960 6,223 Exports of goods, services & income 669 1,133 1,985 2,319 2,608 3,013 2,891 3,637 Worker remit. & comp. of employees 75 320 616 698 740 818 768 823 Imports of goods, services & income 1,529 2,385 3,626 4,161 4,906 5,724 4,838 5,773 Profit remittances on FDI 29 69 82 85 93 113 121 135 Current account balance -722 -842 -784 -838 -1,224 -1,570 -828 -963 International reserves 142 492 728 922 1,103 1,141 1,573 1,799 6. Ratios External debt stocks to exports (%) 1,554.6 595.3 248.4 177.4 141.9 140.4 161.6 131.6 External debt stocks to GNI (%) 368.6 180.5 104.4 80.6 66.5 68.8 78.4 76.9 Debt service to exports (%) 43.1 25.3 8.6 7.1 15.6 13.8 17.9 14.3 Short-term to external debt stocks (%) 17.2 13.5 11.0 15.0 21.7 17.0 15.3 14.6 Multilateral to external debt stocks (%) 14.1 31.6 56.7 50.4 30.0 28.6 30.8 34.2 Reserves to external debt stocks (%) 1.4 7.3 14.8 22.4 29.8 27.0 33.7 37.6 Reserves to imports (months) 1.1 2.5 2.4 2.7 2.7 2.4 3.9 3.7 226 NICARAGUA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 8,572 5,661 4,190 3,434 2,813 3,402 3,806 3,922 Public and publicly guaranteed 8,572 5,380 3,899 3,201 2,151 2,234 2,488 2,668 Official creditors 7,562 5,164 3,826 3,129 2,146 2,231 2,484 2,664 Multilateral 1,464 2,127 2,797 2,074 1,111 1,208 1,439 1,637 of which: IBRD 65 5 0 0 0 0 0 0 IDA 276 654 1,136 256 321 347 418 447 Bilateral 6,098 3,037 1,029 1,054 1,035 1,022 1,045 1,028 Private creditors 1,010 216 72 73 5 4 4 3 of which: Bonds 524 0 0 0 0 0 0 0 Commercial banks 383 188 55 55 0 0 0 0 Private nonguaranteed 0 281 292 232 662 1,168 1,318 1,255 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 277 511 287 250 922 946 766 563 Public and publicly guaranteed 277 226 226 250 368 183 291 267 Official creditors 258 220 226 250 368 183 291 267 Multilateral 177 172 215 220 329 128 246 235 of which: IBRD 0 0 0 0 0 0 0 0 IDA 18 87 63 61 53 28 67 37 Bilateral 80 48 11 30 39 55 45 32 Private creditors 20 6 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 20 5 0 0 0 0 0 0 Private nonguaranteed 0 285 61 0 554 763 475 297 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 190 183 110 107 329 308 386 415 Public and publicly guaranteed 190 70 63 48 214 51 61 55 Official creditors 89 61 63 48 197 51 61 55 Multilateral 47 36 21 27 169 21 25 20 of which: IBRD 15 5 0 0 0 0 0 0 IDA 1 2 0 0 0 0 0 0 Bilateral 42 26 41 21 28 30 36 35 Private creditors 101 8 0 0 17 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 96 5 0 0 17 0 0 0 Private nonguaranteed 0 114 47 59 115 257 325 360 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 76 91 45 50 64 97 122 99 Public and publicly guaranteed 76 78 44 48 45 39 37 33 Official creditors 72 76 44 48 45 39 37 33 Multilateral 33 64 27 32 27 23 24 24 of which: IBRD 6 1 0 0 0 0 0 0 IDA 2 5 7 4 2 3 3 3 Bilateral 39 12 17 16 18 15 13 9 Private creditors 3 3 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 3 2 0 0 0 0 0 0 Private nonguaranteed 0 12 2 2 19 59 85 66 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -1,606 -45 -85 -817 -413 531 440 115 Net flows on external debt 88 351 211 208 768 577 401 138 9. Debt restructurings Total amount rescheduled 263 149 1 2 0 0 22 0 Total amount forgiven 2,273 35 167 1,230 1,276 56 16 10 Debt buyback 89 0 0 0 17 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 87 90 92 94 103 111 119 122 Interest 44 45 46 46 45 43 40 38 Private creditors Principal 336 238 212 126 101 75 63 50 Interest 55 40 28 20 14 10 6 3 Notes: Nicaragua was granted debt relief effective in 2006 under MDRI. 227 NIGER (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,604 1,708 2,017 829 1,148 1,002 1,103 1,127 Long-term external debt 1,480 1,563 1,849 755 847 858 915 972 Public and publicly guaranteed 1,347 1,495 1,817 729 827 845 909 972 Private nonguaranteed 133 68 33 26 20 13 7 0 Use of IMF credit 52 74 128 27 40 51 57 61 Short-term external debt 72 72 41 47 261 93 131 94 interest arrears on long-term 53 60 38 38 38 19 17 26 Memorandum items Principal arrears on long-term 74 97 52 46 49 66 55 111 Long-term public sector debt 1,347 1,495 1,817 729 827 845 909 972 Long-term private sector debt 133 68 33 26 20 13 7 0 Public & publicly guaranteed commitments 8 64 131 188 54 135 191 187 External debt flows Disbursements 28 87 152 126 92 109 108 95 Long-term external debt 28 76 135 117 80 98 103 90 IMF purchases 0 11 17 9 12 12 5 5 Principal repayments 41 16 27 160 17 18 36 18 Long-term external debt 31 14 22 46 17 18 36 18 IMF repurchases 10 2 5 114 0 0 0 0 Net flows -9 52 122 -28 289 -58 112 31 Long-term external debt -3 62 113 71 63 79 67 72 Short-term external debt 4 -20 -3 6 214 -149 40 -46 Interest payments 15 10 13 11 15 11 10 9 Long-term external debt 13 8 13 10 9 7 8 8 IMF charges 1 0 0 0 0 0 0 0 Short-term external debt 1 2 0 0 6 4 1 1 2. Other non-debt resource inflows Foreign direct investment 7 8 44 51 129 340 739 947 Portfolio equity .. 0 1 0 0 1 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 11.1 1.2 0.5 0.5 0.8 1.1 Japanese yen 4.4 1.7 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.0 1.2 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 36.8 46.7 57.6 47.5 47.2 47.0 46.1 47.3 4. Average terms of new commitments Official creditors Interest (%) 0.6 0.7 0.9 0.8 1.6 1.4 1.2 1.5 Maturity (years) 33.5 36.5 34.9 36.7 28.4 34.0 32.5 33.0 Grace period (years) 8.4 9.4 8.8 9.5 7.9 9.1 9.5 9.5 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) 1,830 1,782 3,397 3,645 4,290 5,351 5,204 5,493 Exports of goods, services & income 327 334 602 641 807 1,124 .. .. Worker remit. & comp. of employees 8 14 66 78 79 94 94 88 Imports of goods, services & income 510 485 1,095 1,118 1,344 2,006 .. .. Profit remittances on FDI 4 2 21 13 28 23 .. .. Current account balance -152 -104 -312 -314 -351 -651 .. .. International reserves 95 81 251 371 593 705 656 760 6. Ratios External debt stocks to exports (%) 490.3 512.0 335.0 129.4 142.2 89.1 .. .. External debt stocks to GNI (%) 87.6 95.9 59.4 22.7 26.8 18.7 21.2 20.5 Debt service to exports (%) 17.1 7.8 6.7 26.6 4.0 2.6 .. .. Short-term to external debt stocks (%) 4.5 4.2 2.0 5.7 22.8 9.3 11.8 8.4 Multilateral to external debt stocks (%) 55.0 60.3 78.9 62.5 53.4 62.4 61.1 63.9 Reserves to external debt stocks (%) 5.9 4.8 12.4 44.8 51.7 70.4 59.4 67.5 Reserves to imports (months) 2.2 2.0 2.7 4.0 5.3 4.2 .. .. 228 NIGER (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,480 1,563 1,849 755 847 858 915 972 Public and publicly guaranteed 1,347 1,495 1,817 729 827 845 909 972 Official creditors 1,347 1,495 1,817 729 827 845 909 972 Multilateral 882 1,030 1,592 518 613 625 674 720 of which: IBRD 0 0 0 0 0 0 0 0 IDA 598 723 1,080 189 235 248 266 275 Bilateral 465 465 225 211 214 220 235 251 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 133 68 33 26 20 13 7 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 28 76 135 117 80 98 103 90 Public and publicly guaranteed 28 76 135 117 80 98 103 90 Official creditors 28 76 135 117 80 98 103 90 Multilateral 28 76 133 111 80 79 88 75 of which: IBRD 0 0 0 0 0 0 0 0 IDA 24 68 65 55 37 15 16 14 Bilateral 0 0 2 6 0 18 15 15 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 Principal repayments 31 14 22 46 17 18 36 18 Public and publicly guaranteed 7 12 15 39 10 12 29 11 Official creditors 7 12 15 39 10 12 29 11 Multilateral 7 10 13 26 10 11 27 11 of which: IBRD 0 0 0 0 0 0 0 0 IDA 3 8 1 1 0 0 0 0 Bilateral 0 2 2 13 0 1 2 0 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 24 2 7 7 7 7 7 7 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 13 8 13 10 9 7 8 8 Public and publicly guaranteed 7 8 11 8 8 6 8 8 Official creditors 7 8 11 8 8 6 8 8 Multilateral 7 7 11 8 7 5 7 7 of which: IBRD 0 0 0 0 0 0 0 0 IDA 5 6 6 4 2 1 2 2 Bilateral 0 1 0 1 1 1 1 1 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 6 0 2 2 2 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 62 5 2 -1,189 319 -146 101 24 Net flows on external debt -9 52 122 -28 289 -58 112 31 9. Debt restructurings Total amount rescheduled 5 28 0 0 0 0 6 0 Total amount forgiven 4 0 28 1,206 1 42 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 44 50 30 31 37 41 43 42 Interest 10 11 12 13 13 13 13 13 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Niger was granted debt relief effective in 2006 under MDRI. 229 NIGERIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 34,092 31,355 22,060 7,693 8,531 11,334 7,713 7,883 Long-term external debt 28,441 30,235 20,224 3,803 3,587 3,878 4,199 4,686 Public and publicly guaranteed 28,140 30,020 20,224 3,803 3,587 3,878 4,199 4,686 Private nonguaranteed 301 215 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 5,651 1,120 1,836 3,890 4,944 7,456 3,514 3,197 interest arrears on long-term 4,717 44 3 0 0 0 0 0 Memorandum items Principal arrears on long-term 8,102 117 3 0 0 0 0 0 Long-term public sector debt 28,077 29,964 20,195 3,779 3,568 3,864 4,192 4,686 Long-term private sector debt 365 271 29 24 19 14 7 0 Public & publicly guaranteed commitments 0 86 706 507 777 986 985 1,595 External debt flows Disbursements 433 153 379 777 532 409 519 1,051 Long-term external debt 433 153 379 777 532 409 519 1,051 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 918 1,091 3,862 6,441 914 338 339 246 Long-term external debt 918 1,091 3,862 6,441 914 338 339 246 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -559 -696 -3,001 -3,607 672 2,583 -3,762 488 Long-term external debt -486 -937 -3,483 -5,664 -382 71 180 805 Short-term external debt -73 241 482 2,057 1,054 2,512 -3,942 -317 Interest payments 915 754 5,000 373 329 236 153 103 Long-term external debt 859 690 4,937 259 86 87 84 59 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 56 64 64 114 243 149 69 44 2. Other non-debt resource inflows Foreign direct investment 1,079 1,140 4,983 4,854 6,035 8,197 8,555 6,049 Portfolio equity .. .. 751 1,769 1,447 -954 487 2,161 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 36.2 4.0 3.1 2.9 4.8 3.9 Japanese yen 12.6 2.3 9.9 0.0 0.0 0.0 0.0 0.0 Pound sterling 9.9 1.5 17.2 0.3 0.2 0.2 0.1 0.1 Swiss franc 0.6 0.0 1.9 0.0 0.0 0.0 0.0 0.0 U.S.dollars 29.6 85.1 27.3 59.8 59.0 61.9 59.1 61.7 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.0 0.7 1.6 0.8 0.8 0.8 1.7 Maturity (years) 0.0 32.9 37.6 28.2 40.7 40.2 39.5 28.1 Grace period (years) 0.0 9.7 10.3 7.1 10.1 9.8 10.0 8.2 Private creditors Interest (%) 0.0 0.0 0.0 0.0 6.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 10.4 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 25,888 40,256 98,881 141,275 154,068 194,690 158,437 176,769 Exports of goods, services & income 12,443 21,183 57,149 61,109 70,046 90,345 59,274 77,756 Worker remit. & comp. of employees 804 1,392 3,329 5,435 9,221 9,980 9,585 10,045 Imports of goods, services & income 15,820 15,383 35,773 42,389 60,948 81,632 64,815 95,373 Profit remittances on FDI 1,330 2,279 2,603 5,768 13,056 17,000 15,042 19,121 Current account balance -2,578 7,427 36,529 36,518 27,643 28,079 13,153 2,476 International reserves 1,709 10,099 28,632 42,735 51,907 53,599 45,510 35,885 6. Ratios External debt stocks to exports (%) 274.0 148.0 38.6 12.6 12.2 12.5 13.0 10.1 External debt stocks to GNI (%) 131.7 77.9 22.3 5.4 5.5 5.8 4.9 4.5 Debt service to exports (%) 14.7 8.7 15.5 11.2 1.8 0.6 0.8 0.4 Short-term to external debt stocks (%) 16.6 3.6 8.3 50.6 58.0 65.8 45.6 40.6 Multilateral to external debt stocks (%) 14.5 10.5 11.5 34.9 34.0 26.5 45.4 54.6 Reserves to external debt stocks (%) 5.0 32.2 129.8 555.5 608.5 472.9 590.0 455.2 Reserves to imports (months) 1.3 7.9 9.6 12.1 10.2 7.9 8.4 4.5 230 NIGERIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 28,441 30,235 20,224 3,803 3,587 3,878 4,199 4,686 Public and publicly guaranteed 28,140 30,020 20,224 3,803 3,587 3,878 4,199 4,686 Official creditors 20,492 26,574 18,015 2,962 3,260 3,549 3,991 4,593 Multilateral 4,944 3,302 2,536 2,687 2,904 3,000 3,499 4,304 of which: IBRD 3,221 1,625 722 534 381 211 113 43 IDA 268 644 1,136 1,541 1,929 2,243 2,739 3,662 Bilateral 15,548 23,272 15,479 275 356 549 492 289 Private creditors 7,648 3,446 2,209 841 326 328 208 92 of which: Bonds 2,051 2,051 1,442 0 0 0 0 0 Commercial banks 0 0 37 59 78 101 83 0 Private nonguaranteed 301 215 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 433 153 379 777 532 409 519 1,051 Public and publicly guaranteed 433 153 379 777 532 409 519 1,051 Official creditors 433 153 345 502 468 385 519 1,051 Multilateral 433 153 286 377 386 383 519 1,031 of which: IBRD 189 31 0 0 0 0 0 0 IDA 86 55 265 362 335 353 497 1,000 Bilateral 0 0 59 125 82 2 0 20 Private creditors 0 0 34 274 64 24 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 26 33 18 24 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 918 1,091 3,862 6,441 914 338 339 246 Public and publicly guaranteed 908 1,056 3,862 6,441 914 338 339 246 Official creditors 470 914 3,684 4,801 319 317 284 213 Multilateral 470 404 367 339 306 293 211 164 of which: IBRD 392 273 224 211 176 189 96 71 IDA 1 4 19 19 20 20 21 24 Bilateral 0 510 3,317 4,461 12 24 72 49 Private creditors 438 142 179 1,640 596 21 55 33 of which: Bonds 0 0 0 1,442 0 0 0 0 Commercial banks 0 0 3 1 0 0 18 0 Private nonguaranteed 10 35 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 859 690 4,937 259 86 87 84 59 Public and publicly guaranteed 840 673 4,937 259 86 87 84 59 Official creditors 323 516 4,717 91 80 83 71 53 Multilateral 323 190 97 86 74 62 47 41 of which: IBRD 266 103 39 33 25 17 8 2 IDA 2 5 12 14 15 17 17 23 Bilateral 0 326 4,620 5 7 21 24 12 Private creditors 516 157 220 168 6 4 14 6 of which: Bonds 128 128 170 143 0 0 0 0 Commercial banks 0 0 3 0 0 0 6 0 Private nonguaranteed 19 18 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 1,000 2,227 -15,707 -14,367 838 2,803 -3,621 169 Net flows on external debt -559 -696 -3,001 -3,607 672 2,583 -3,762 488 9. Debt restructurings Total amount rescheduled 0 20,920 0 1 0 0 0 0 Total amount forgiven 95 0 7,284 10,891 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 191 170 166 148 96 109 129 225 Interest 65 68 71 72 74 75 75 74 Private creditors Principal 46 46 0 0 0 0 0 0 Interest 4 2 0 0 0 0 0 0 Notes: Long-term private nonguaranteed debt data has been revised from 2007 based on reports provided by the country. 231 PAKISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 30,169 32,732 33,566 36,711 41,531 49,057 54,588 56,773 Long-term external debt 25,321 29,684 30,844 33,926 37,922 43,336 45,627 45,746 Public and publicly guaranteed 23,727 27,124 29,880 33,019 36,728 40,152 42,362 43,202 Private nonguaranteed 1,593 2,560 964 907 1,193 3,184 3,265 2,544 Use of IMF credit 1,613 1,529 1,492 1,462 1,381 4,352 7,495 8,736 Short-term external debt 3,235 1,519 1,230 1,322 2,228 1,370 1,466 2,291 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 23,634 26,946 29,866 33,005 36,714 40,137 42,348 43,189 Long-term private sector debt 1,687 2,738 978 921 1,207 3,198 3,278 2,557 Public & publicly guaranteed commitments 2,257 865 4,523 3,415 3,668 4,019 5,372 3,459 External debt flows Disbursements 3,288 1,838 2,827 3,667 3,725 6,796 7,728 3,646 Long-term external debt 3,086 1,644 2,827 3,667 3,725 3,596 4,413 2,012 IMF purchases 202 195 0 0 0 3,201 3,315 1,634 Principal repayments 2,013 1,870 1,698 1,439 1,531 1,941 2,472 3,273 Long-term external debt 1,837 1,587 1,461 1,332 1,379 1,761 2,241 3,008 IMF repurchases 176 282 237 107 152 180 231 265 Net flows 2,572 -343 1,114 2,320 3,100 3,997 5,352 1,199 Long-term external debt 1,249 56 1,366 2,335 2,346 1,834 2,173 -996 Short-term external debt 1,297 -311 -15 92 906 -858 96 825 Interest payments 1,203 985 737 867 1,113 1,077 1,023 1,066 Long-term external debt 955 857 668 803 992 1,026 905 869 IMF charges 45 49 13 11 9 7 67 127 Short-term external debt 202 78 56 54 111 43 51 69 2. Other non-debt resource inflows Foreign direct investment 723 308 2,201 4,273 5,590 5,438 2,338 2,016 Portfolio equity 10 35 451 1,152 1,276 -270 -37 524 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 12.1 12.0 11.7 10.1 9.8 8.9 Japanese yen 15.2 16.9 17.5 16.0 15.4 17.8 16.9 18.8 Pound sterling 0.8 0.7 0.4 0.3 0.3 0.2 0.2 0.1 Swiss franc 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 U.S.dollars 31.3 41.6 41.7 44.5 44.3 44.0 46.2 44.6 4. Average terms of new commitments Official creditors Interest (%) 5.0 6.2 1.8 4.0 3.0 2.2 1.6 2.3 Maturity (years) 18.7 12.8 26.9 21.2 28.9 22.9 23.2 22.0 Grace period (years) 5.5 3.1 8.2 6.1 7.8 5.9 6.8 7.3 Private creditors Interest (%) 7.0 8.0 4.7 7.4 6.7 0.0 0.0 0.0 Maturity (years) 4.4 5.3 6.3 17.5 9.0 0.0 0.0 0.0 Grace period (years) 0.9 1.0 4.1 17.5 8.8 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 61,092 73,025 111,867 130,007 145,773 167,234 166,370 181,599 Exports of goods, services & income 10,400 10,237 19,768 21,419 23,312 26,762 22,937 28,554 Worker remit. & comp. of employees 1,712 1,075 4,280 5,121 5,998 7,039 8,717 9,690 Imports of goods, services & income 16,311 14,484 32,453 39,110 42,683 53,552 39,389 43,826 Profit remittances on FDI 300 429 1,871 2,580 2,974 3,203 2,548 2,131 Current account balance -3,349 -85 -3,606 -6,750 -8,286 -15,655 -3,993 -1,490 International reserves 2,528 2,087 11,109 12,878 15,798 9,024 13,606 17,256 6. Ratios External debt stocks to exports (%) 290.1 319.7 169.8 171.4 178.2 183.3 238.0 198.8 External debt stocks to GNI (%) 49.4 44.8 30.0 28.2 28.5 29.3 32.8 31.3 Debt service to exports (%) 30.9 27.9 12.3 10.8 11.3 11.3 15.2 15.2 Short-term to external debt stocks (%) 10.7 4.6 3.7 3.6 5.4 2.8 2.7 4.0 Multilateral to external debt stocks (%) 40.4 41.2 47.5 48.1 48.1 45.1 43.4 43.4 Reserves to external debt stocks (%) 8.4 6.4 33.1 35.1 38.0 18.4 24.9 30.4 Reserves to imports (months) 1.9 1.7 4.1 4.0 4.4 2.0 4.1 4.7 232 PAKISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 25,321 29,684 30,844 33,926 37,922 43,336 45,627 45,746 Public and publicly guaranteed 23,727 27,124 29,880 33,019 36,728 40,152 42,362 43,202 Official creditors 22,631 25,074 28,698 30,778 33,734 37,066 39,857 41,403 Multilateral 12,179 13,491 15,942 17,665 19,978 22,109 23,667 24,614 of which: IBRD 3,082 3,093 2,238 2,143 2,086 1,946 1,769 1,688 IDA 3,321 3,828 6,865 7,871 9,075 9,053 10,075 10,118 Bilateral 10,452 11,583 12,756 13,113 13,757 14,957 16,190 16,789 Private creditors 1,097 2,051 1,182 2,241 2,994 3,086 2,505 1,799 of which: Bonds 150 623 1,100 1,900 2,650 2,650 2,150 1,550 Commercial banks 371 1,099 30 7 4 125 75 0 Private nonguaranteed 1,593 2,560 964 907 1,193 3,184 3,265 2,544 of which: Bonds 45 45 600 850 850 850 850 250 Disbursements 3,086 1,644 2,827 3,667 3,725 3,596 4,413 2,012 Public and publicly guaranteed 2,331 1,527 2,227 3,417 3,195 2,684 3,732 1,857 Official creditors 2,199 1,522 1,615 2,334 2,435 2,557 3,731 1,856 Multilateral 1,167 1,043 1,523 2,124 2,195 2,164 2,508 1,378 of which: IBRD 271 159 217 155 175 54 89 61 IDA 255 141 628 854 1,001 187 1,177 371 Bilateral 1,032 479 92 211 240 393 1,224 477 Private creditors 132 4 612 1,082 760 127 1 1 of which: Bonds 0 0 600 800 750 0 0 0 Commercial banks 87 0 0 0 0 125 0 0 Private nonguaranteed 755 117 600 250 530 912 681 155 of which: Bonds 0 0 600 250 0 0 0 0 Principal repayments 1,837 1,587 1,461 1,332 1,379 1,761 2,241 3,008 Public and publicly guaranteed 1,497 1,143 1,134 1,089 1,107 1,305 1,635 2,132 Official creditors 1,267 1,105 991 1,065 1,101 1,270 1,053 1,425 Multilateral 559 829 771 824 727 1,041 925 939 of which: IBRD 219 227 312 284 284 297 253 188 IDA 35 64 115 165 134 149 188 166 Bilateral 708 276 220 241 374 229 128 486 Private creditors 230 37 143 23 7 35 582 707 of which: Bonds 0 0 108 0 0 0 500 600 Commercial banks 138 30 15 23 3 3 50 75 Private nonguaranteed 340 445 327 243 272 456 606 876 of which: Bonds 0 0 0 0 0 0 0 600 Interest payments 955 857 668 803 992 1,026 905 869 Public and publicly guaranteed 825 641 591 724 861 879 800 780 Official creditors 759 527 541 611 687 682 631 648 Multilateral 445 383 229 258 310 318 278 215 of which: IBRD 217 182 92 107 114 88 53 18 IDA 24 29 52 56 64 77 75 81 Bilateral 313 144 312 354 377 364 353 433 Private creditors 66 114 50 112 174 197 169 131 of which: Bonds 9 61 47 110 171 184 156 120 Commercial banks 32 38 2 3 0 5 5 4 Private nonguaranteed 130 217 76 79 132 147 105 90 of which: Bonds 2 2 3 52 67 60 50 30 8. Debt stock-flow reconciliation Total change in external debt stocks 2,845 -1,109 -2,316 3,144 4,820 7,526 5,530 2,185 Net flows on external debt 2,572 -343 1,114 2,320 3,100 3,997 5,352 1,199 9. Debt restructurings Total amount rescheduled 0 918 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 1 5 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,717 2,338 1,798 1,873 1,962 1,990 2,359 2,462 Interest 701 701 688 673 651 634 606 570 Private creditors Principal 671 488 692 281 217 645 865 92 Interest 242 213 177 151 138 110 60 29 Notes: Data on long-term private nonguaranteed debt for 2010 are World Bank staff estimates based on the State Bank of Pakistan data. 233 PANAMA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 6,098 6,567 8,653 9,479 9,328 9,573 11,267 11,412 Long-term external debt 3,781 6,476 8,629 9,464 9,323 9,573 11,267 11,412 Public and publicly guaranteed 3,781 5,696 6,887 7,770 8,262 8,462 10,131 10,421 Private nonguaranteed 0 780 1,742 1,694 1,061 1,111 1,136 991 Use of IMF credit 111 90 24 15 5 0 0 0 Short-term external debt 2,207 1 0 0 0 0 0 0 interest arrears on long-term 1,608 1 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1,996 1 0 0 0 0 0 0 Long-term public sector debt 3,781 5,696 6,887 7,770 8,262 8,462 10,131 10,421 Long-term private sector debt 0 780 1,742 1,694 1,061 1,111 1,136 991 Public & publicly guaranteed commitments 116 478 1,265 2,699 350 827 1,732 362 External debt flows Disbursements 112 724 1,595 3,029 679 704 1,890 446 Long-term external debt 99 724 1,595 3,029 679 704 1,890 446 IMF purchases 13 0 0 0 0 0 0 0 Principal repayments 172 462 1,412 2,226 181 916 190 320 Long-term external debt 133 410 1,403 2,216 171 910 190 320 IMF repurchases 39 52 10 10 10 5 0 0 Net flows -925 262 182 804 498 -211 1,700 126 Long-term external debt -34 314 192 814 509 -206 1,700 126 Short-term external debt -866 0 0 0 0 0 0 0 Interest payments 144 424 619 780 664 690 716 757 Long-term external debt 101 418 618 779 663 690 716 757 IMF charges 7 7 1 1 1 0 0 0 Short-term external debt 36 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 223 624 918 2,557 1,777 2,196 1,773 2,363 Portfolio equity 0 .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 10.4 1.8 1.0 0.8 0.7 0.8 0.9 2.0 Pound sterling 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 70.8 91.9 96.2 97.1 97.6 97.9 98.3 97.4 4. Average terms of new commitments Official creditors Interest (%) 6.9 5.8 4.7 5.7 3.3 4.2 2.1 1.3 Maturity (years) 21.2 22.8 19.9 17.9 21.6 20.3 21.4 19.0 Grace period (years) 4.6 4.6 5.1 4.0 5.8 4.7 3.5 4.3 Private creditors Interest (%) 3.3 10.4 7.3 4.0 0.0 1.2 3.8 0.0 Maturity (years) 14.7 19.0 22.2 21.4 0.0 11.1 10.0 0.0 Grace period (years) 3.1 19.0 22.2 21.4 0.0 7.8 9.5 0.0 5. Major economic aggregates Gross national income (GNI) 7,542 11,007 14,340 15,879 18,488 21,432 22,620 24,916 Exports of goods, services & income 9,254 9,408 11,661 13,879 16,156 18,004 18,157 18,948 Worker remit. & comp. of employees 112 16 130 157 180 196 175 231 Imports of goods, services & income 9,878 10,258 12,925 14,579 17,816 20,964 18,411 22,092 Profit remittances on FDI 396 562 1,048 1,197 1,521 1,748 1,397 1,815 Current account balance -471 -673 -1,022 -448 -1,407 -2,722 -44 -2,953 International reserves 781 723 1,211 1,335 1,935 2,424 3,028 2,714 6. Ratios External debt stocks to exports (%) 65.9 69.8 74.2 68.3 57.7 53.2 62.1 60.2 External debt stocks to GNI (%) 80.9 59.7 60.3 59.7 50.5 44.7 49.8 45.8 Debt service to exports (%) 3.4 9.4 17.4 21.7 5.2 8.9 5.0 5.7 Short-term to external debt stocks (%) 36.2 0.0 .. .. .. .. .. .. Multilateral to external debt stocks (%) 10.0 15.5 12.8 12.3 13.1 14.0 14.4 15.9 Reserves to external debt stocks (%) 12.8 11.0 14.0 14.1 20.7 25.3 26.9 23.8 Reserves to imports (months) 0.9 0.8 1.1 1.1 1.3 1.4 2.0 1.5 234 PANAMA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,781 6,476 8,629 9,464 9,323 9,573 11,267 11,412 Public and publicly guaranteed 3,781 5,696 6,887 7,770 8,262 8,462 10,131 10,421 Official creditors 1,262 1,285 1,304 1,348 1,407 1,529 1,833 2,127 Multilateral 612 1,020 1,110 1,166 1,225 1,337 1,626 1,814 of which: IBRD 175 283 212 185 216 271 435 420 IDA 0 0 0 0 0 0 0 0 Bilateral 650 265 194 182 182 192 207 314 Private creditors 2,519 4,411 5,583 6,422 6,855 6,933 8,298 8,293 of which: Bonds 3 4,141 5,505 6,360 6,810 6,748 8,071 8,071 Commercial banks 2,475 267 78 62 45 186 227 223 Private nonguaranteed 0 780 1,742 1,694 1,061 1,111 1,136 991 of which: Bonds 0 266 635 581 1,061 1,061 1,061 911 Disbursements 99 724 1,595 3,029 679 704 1,890 446 Public and publicly guaranteed 99 486 1,325 2,461 199 654 1,865 441 Official creditors 95 97 94 183 199 254 461 441 Multilateral 93 88 91 182 188 241 426 334 of which: IBRD 3 22 9 15 74 99 203 24 IDA 0 0 0 0 0 0 0 0 Bilateral 2 10 3 1 11 13 35 107 Private creditors 5 388 1,231 2,278 0 400 1,404 0 of which: Bonds 0 370 1,230 2,276 0 235 1,323 0 Commercial banks 5 17 1 1 0 165 81 0 Private nonguaranteed 0 238 270 569 480 50 25 5 of which: Bonds 0 0 150 300 480 0 0 0 Principal repayments 133 410 1,403 2,216 171 910 190 320 Public and publicly guaranteed 133 385 1,151 1,584 171 910 190 170 Official creditors 116 108 139 145 154 160 154 165 Multilateral 84 57 126 133 139 143 134 146 of which: IBRD 43 24 39 41 43 45 39 38 IDA 0 0 0 0 0 0 0 0 Bilateral 32 52 12 12 14 17 20 20 Private creditors 17 277 1,013 1,439 17 750 36 5 of which: Bonds 0 120 995 1,422 0 742 0 0 Commercial banks 4 156 17 18 17 9 36 5 Private nonguaranteed 0 25 251 632 0 0 0 150 of which: Bonds 0 0 0 369 0 0 0 150 Interest payments 101 418 618 779 663 690 716 757 Public and publicly guaranteed 101 365 531 690 601 626 628 670 Official creditors 59 79 59 62 70 71 72 75 Multilateral 39 68 54 58 66 66 67 71 of which: IBRD 15 21 12 11 13 13 16 17 IDA 0 0 0 0 0 0 0 0 Bilateral 20 10 5 5 5 5 5 4 Private creditors 42 286 471 628 530 555 556 595 of which: Bonds 0 264 467 624 527 550 546 592 Commercial banks 37 22 4 4 3 5 11 3 Private nonguaranteed 0 53 87 88 63 64 88 87 of which: Bonds 0 24 44 46 63 63 83 83 8. Debt stock-flow reconciliation Total change in external debt stocks -800 -262 266 826 -151 245 1,694 145 Net flows on external debt -925 262 182 804 498 -211 1,700 126 9. Debt restructurings Total amount rescheduled 5 0 0 0 0 0 0 0 Total amount forgiven 0 477 0 0 0 7 0 0 Debt buyback 0 120 0 203 0 21 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 185 183 190 203 198 204 192 175 Interest 53 50 47 43 39 34 30 26 Private creditors Principal 343 1,116 33 245 1,509 336 36 21 Interest 564 502 444 443 475 401 400 399 Notes: Long-term private nonguaranteed debt data only cover Bonds. Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2008, 2009, and 2010 are $16.7 billion, and $16.3 billion, and $19.5 billion respectively. 235 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,506 2,292 1,880 1,826 1,430 1,418 1,573 5,822 Long-term external debt 2,378 2,204 1,648 1,659 1,339 1,409 1,452 5,430 Public and publicly guaranteed 1,668 1,454 1,262 1,208 1,126 1,064 1,037 1,030 Private nonguaranteed 711 750 387 451 213 345 415 4,400 Use of IMF credit 50 39 0 0 0 0 0 0 Short-term external debt 78 49 232 167 91 9 121 392 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 1,667 1,440 1,262 1,208 1,126 1,064 1,037 1,030 Long-term private sector debt 711 764 387 451 213 345 415 4,400 Public & publicly guaranteed commitments 175 319 0 53 37 133 122 278 External debt flows Disbursements 240 293 335 267 615 951 516 3,153 Long-term external debt 189 254 335 267 615 951 516 3,153 IMF purchases 51 38 0 0 0 0 0 0 Principal repayments 509 215 244 270 947 933 514 759 Long-term external debt 493 196 183 270 947 933 514 759 IMF repurchases 16 19 61 0 0 0 0 0 Net flows -291 30 214 -68 -408 -64 114 2,665 Long-term external debt -304 59 152 -3 -332 18 2 2,394 Short-term external debt -21 -48 123 -65 -76 -82 112 271 Interest payments 117 90 63 56 60 42 29 53 Long-term external debt 111 85 54 46 55 40 28 50 IMF charges 1 1 1 0 0 0 0 0 Short-term external debt 5 4 9 10 5 2 1 3 2. Other non-debt resource inflows Foreign direct investment 455 96 38 13 102 -30 423 30 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 3.8 4.2 4.6 4.3 4.3 3.8 Japanese yen 21.3 30.1 29.8 29.0 30.0 29.4 27.5 28.5 Pound sterling 0.6 0.8 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 U.S.dollars 19.4 21.3 33.8 36.9 36.3 38.6 39.4 39.3 4. Average terms of new commitments Official creditors Interest (%) 5.2 6.5 0.0 4.4 0.8 2.1 1.7 0.8 Maturity (years) 10.6 17.3 0.0 26.1 34.7 28.2 32.1 34.7 Grace period (years) 4.4 5.1 0.0 5.2 10.2 6.7 8.5 8.9 Private creditors Interest (%) 0.0 6.2 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 5.3 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 2.5 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 4,370 3,303 4,531 4,931 6,261 7,931 7,855 9,262 Exports of goods, services & income 3,014 2,369 3,649 4,597 5,205 6,259 4,626 6,278 Worker remit. & comp. of employees 16 7 7 4 8 15 12 15 Imports of goods, services & income 2,415 2,013 3,368 4,462 5,399 5,713 5,474 7,135 Profit remittances on FDI 409 198 511 815 674 611 537 .. Current account balance 674 351 539 333 56 708 -672 -662 International reserves 267 304 750 1,441 2,106 2,008 2,629 3,122 6. Ratios External debt stocks to exports (%) 83.1 96.8 51.5 39.7 27.5 22.6 34.0 92.7 External debt stocks to GNI (%) 57.3 69.4 41.5 37.0 22.8 17.9 20.0 62.9 Debt service to exports (%) 20.8 12.9 8.4 7.1 19.4 15.6 11.7 12.9 Short-term to external debt stocks (%) 3.1 2.2 12.3 9.1 6.4 0.6 7.7 6.7 Multilateral to external debt stocks (%) 37.4 36.1 44.4 44.6 52.4 50.8 46.0 12.2 Reserves to external debt stocks (%) 10.6 13.3 39.9 78.9 147.2 141.7 167.2 53.6 Reserves to imports (months) 1.3 1.8 2.7 3.9 4.7 4.2 5.8 5.3 236 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 2,378 2,204 1,648 1,659 1,339 1,409 1,452 5,430 Public and publicly guaranteed 1,668 1,454 1,262 1,208 1,126 1,064 1,037 1,030 Official creditors 1,441 1,394 1,210 1,163 1,085 1,020 1,000 997 Multilateral 938 826 835 815 750 721 724 712 of which: IBRD 299 244 249 246 183 158 149 139 IDA 108 92 78 76 73 71 82 86 Bilateral 503 567 375 348 335 299 276 285 Private creditors 227 60 51 45 42 44 36 33 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 157 54 8 4 4 4 3 3 Private nonguaranteed 711 750 387 451 213 345 415 4,400 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 189 254 335 267 615 951 516 3,153 Public and publicly guaranteed 135 219 45 51 40 26 33 37 Official creditors 122 206 44 48 39 26 33 37 Multilateral 55 67 41 48 39 26 33 37 of which: IBRD 34 43 20 19 12 4 2 1 IDA 0 0 0 0 0 2 14 8 Bilateral 67 139 3 0 0 0 0 0 Private creditors 13 13 1 4 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 13 13 0 0 0 0 0 0 Private nonguaranteed 54 35 290 216 575 925 483 3,116 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 493 196 183 270 947 933 514 759 Public and publicly guaranteed 204 115 114 120 172 164 63 68 Official creditors 82 96 93 111 166 157 56 61 Multilateral 47 53 48 83 137 60 36 39 of which: IBRD 27 29 23 24 78 30 11 11 IDA 2 3 4 4 4 4 4 4 Bilateral 35 44 45 28 30 97 20 22 Private creditors 122 19 21 9 6 6 7 7 of which: Bonds 32 0 0 0 0 0 0 0 Commercial banks 63 10 15 4 0 0 0 0 Private nonguaranteed 289 80 69 150 775 769 451 691 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 111 85 54 46 55 40 28 50 Public and publicly guaranteed 82 54 38 38 39 32 21 16 Official creditors 63 50 36 37 38 31 20 16 Multilateral 44 31 22 26 28 20 13 9 of which: IBRD 22 15 10 13 15 9 4 1 IDA 1 1 1 1 1 1 1 1 Bilateral 19 18 14 11 10 11 7 7 Private creditors 19 5 2 1 1 1 1 1 of which: Bonds 2 0 0 0 0 0 0 0 Commercial banks 9 3 1 0 0 0 0 0 Private nonguaranteed 29 31 16 8 16 8 7 33 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -287 -352 96 -54 -396 -13 155 4,249 Net flows on external debt -291 30 214 -68 -408 -64 114 2,665 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 114 69 72 72 74 75 77 85 Interest 20 19 18 18 17 16 15 14 Private creditors Principal 785 248 123 154 918 540 747 459 Interest 58 57 73 71 66 52 47 30 Notes: Long-term private nonguaranteed debt data for 2010 reported by country include a huge loan for about US$ 2.6 billion. 237 PARAGUAY (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,572 3,088 3,227 3,421 3,568 4,159 3,984 4,938 Long-term external debt 1,788 2,508 2,714 2,710 2,765 3,013 3,232 3,791 Public and publicly guaranteed 1,450 2,058 2,264 2,233 2,194 2,262 2,260 2,369 Private nonguaranteed 338 450 450 477 572 751 972 1,421 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term external debt 784 580 513 711 803 1,146 752 1,147 interest arrears on long-term 7 11 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 60 55 8 8 8 7 7 16 Long-term public sector debt 1,450 2,058 2,264 2,233 2,194 2,262 2,260 2,369 Long-term private sector debt 338 450 450 477 572 751 972 1,421 Public & publicly guaranteed commitments 363 125 99 530 43 171 411 279 External debt flows Disbursements 224 192 210 244 206 376 489 826 Long-term external debt 224 192 210 244 206 376 489 826 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 159 204 332 269 258 296 308 320 Long-term external debt 159 204 332 269 258 296 308 320 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 261 -185 -274 174 39 423 -213 901 Long-term external debt 65 -13 -121 -24 -53 80 181 506 Short-term external debt 196 -173 -153 198 92 343 -394 395 Interest payments 135 148 144 152 166 165 134 143 Long-term external debt 93 115 115 121 135 136 122 131 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 42 33 29 31 30 29 12 12 2. Other non-debt resource inflows Foreign direct investment 103 104 54 173 206 279 205 427 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.6 2.6 2.8 2.8 2.6 2.0 Japanese yen 22.7 15.0 13.4 13.7 14.0 18.6 19.3 19.3 Pound sterling 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 28.7 60.0 68.4 68.8 68.9 66.1 67.5 70.2 4. Average terms of new commitments Official creditors Interest (%) 5.5 6.4 4.5 3.9 5.3 3.6 2.8 1.9 Maturity (years) 19.3 21.8 16.4 29.4 23.0 27.5 25.7 20.2 Grace period (years) 5.6 3.0 4.7 8.0 9.9 6.1 6.5 3.6 Private creditors Interest (%) 8.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 9.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 8,176 7,094 7,415 9,184 12,060 16,659 13,954 19,497 Exports of goods, services & income 5,075 3,185 4,213 5,497 6,951 9,338 7,548 10,165 Worker remit. & comp. of employees 287 278 269 463 484 588 609 673 Imports of goods, services & income 5,363 3,524 4,421 5,795 7,140 10,056 8,024 11,283 Profit remittances on FDI 62 84 158 271 365 505 554 650 Current account balance -92 -163 16 128 184 -304 43 -596 International reserves 1,106 772 1,297 1,702 2,461 2,863 3,862 4,167 6. Ratios External debt stocks to exports (%) 50.7 96.9 76.6 62.2 51.3 44.5 52.8 48.6 External debt stocks to GNI (%) 31.5 43.5 43.5 37.3 29.6 25.0 28.5 25.3 Debt service to exports (%) 5.8 11.1 11.3 7.6 6.1 4.9 5.9 4.6 Short-term to external debt stocks (%) 30.5 18.8 15.9 20.8 22.5 27.6 18.9 23.2 Multilateral to external debt stocks (%) 30.2 36.9 39.1 37.6 36.3 31.1 33.9 30.3 Reserves to external debt stocks (%) 43.0 25.0 40.2 49.8 69.0 68.8 96.9 84.4 Reserves to imports (months) 2.5 2.6 3.5 3.5 4.1 3.4 5.8 4.4 238 PARAGUAY (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,788 2,508 2,714 2,710 2,765 3,013 3,232 3,791 Public and publicly guaranteed 1,450 2,058 2,264 2,233 2,194 2,262 2,260 2,369 Official creditors 1,318 1,609 1,843 1,852 1,841 1,939 1,978 2,110 Multilateral 778 1,141 1,260 1,286 1,296 1,294 1,352 1,496 of which: IBRD 154 201 223 234 227 214 281 257 IDA 36 28 21 19 18 16 15 13 Bilateral 540 469 583 566 545 644 625 613 Private creditors 133 449 421 381 352 323 282 260 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 56 424 403 374 345 316 275 253 Private nonguaranteed 338 450 450 477 572 751 972 1,421 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 224 192 210 244 206 376 489 826 Public and publicly guaranteed 216 192 144 154 111 196 248 303 Official creditors 204 192 141 154 111 196 248 303 Multilateral 129 166 75 111 101 108 181 290 of which: IBRD 26 47 17 32 13 9 101 8 IDA 0 0 0 0 0 0 0 0 Bilateral 75 26 66 44 10 89 67 13 Private creditors 11 0 3 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 11 0 3 0 0 0 0 0 Private nonguaranteed 8 0 66 90 95 180 241 523 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 159 204 332 269 258 296 308 320 Public and publicly guaranteed 157 111 205 209 206 237 262 246 Official creditors 123 105 176 169 177 208 221 224 Multilateral 76 61 108 105 127 140 141 148 of which: IBRD 41 19 25 26 27 30 33 33 IDA 1 1 1 1 1 1 1 1 Bilateral 47 43 68 64 50 68 80 76 Private creditors 34 7 29 40 29 29 41 22 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 4 18 30 29 29 41 22 Private nonguaranteed 2 93 126 60 52 59 46 75 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 93 115 115 121 135 136 122 131 Public and publicly guaranteed 87 99 94 97 104 96 97 65 Official creditors 71 69 77 75 80 78 83 63 Multilateral 41 51 53 53 57 56 48 47 of which: IBRD 15 11 10 12 13 13 7 6 IDA 0 0 0 0 0 0 0 0 Bilateral 30 18 24 22 23 21 35 16 Private creditors 16 30 17 22 24 18 14 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 29 16 21 24 18 14 2 Private nonguaranteed 6 16 21 24 31 40 25 66 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 469 -294 -379 194 147 591 -175 954 Net flows on external debt 261 -185 -274 174 39 423 -213 901 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 2 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 215 207 178 164 185 186 185 182 Interest 57 52 47 44 41 37 33 30 Private creditors Principal 405 296 277 174 146 111 97 84 Interest 77 58 42 30 21 15 10 6 239 PERU (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 30,842 28,632 29,352 29,133 32,073 34,559 36,393 36,271 Long-term external debt 20,228 24,145 26,083 26,101 26,739 29,138 31,662 30,216 Public and publicly guaranteed 18,940 19,208 22,511 22,161 19,832 19,394 20,800 20,027 Private nonguaranteed 1,288 4,938 3,572 3,940 6,907 9,744 10,862 10,189 Use of IMF credit 955 558 57 20 0 0 0 0 Short-term external debt 9,659 3,928 3,212 3,012 5,334 5,420 4,731 6,055 interest arrears on long-term 4,584 14 4 17 17 22 1 1 Memorandum items Principal arrears on long-term 4,150 29 2 33 8 10 1 1 Long-term public sector debt 18,934 17,937 21,613 21,341 19,020 18,689 20,210 19,559 Long-term private sector debt 1,294 6,209 4,470 4,760 7,719 10,449 11,453 10,657 Public & publicly guaranteed commitments 930 1,263 2,191 704 3,018 1,343 4,036 3,832 External debt flows Disbursements 880 2,066 3,721 2,002 7,149 4,630 4,772 8,296 Long-term external debt 880 2,066 3,721 2,002 7,149 4,630 4,772 8,296 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 521 1,139 4,227 1,564 6,765 3,263 2,220 4,059 Long-term external debt 521 997 4,187 1,525 6,745 3,263 2,220 4,059 IMF repurchases 0 141 40 39 20 0 0 0 Net flows 3,148 289 -44 225 2,705 1,449 1,883 5,561 Long-term external debt 359 1,069 -466 477 404 1,367 2,552 4,237 Short-term external debt 2,789 -638 461 -213 2,322 81 -668 1,324 Interest payments 722 1,432 1,838 1,997 2,286 1,996 2,141 2,726 Long-term external debt 485 1,172 1,717 1,849 2,109 1,807 1,976 2,550 IMF charges 52 33 3 2 0 0 0 0 Short-term external debt 184 227 118 146 176 189 166 176 2. Other non-debt resource inflows Foreign direct investment 2,557 810 2,579 3,467 5,491 6,924 5,576 7,328 Portfolio equity 171 123 769 -45 70 85 47 87 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.0 7.7 8.2 11.1 7.2 4.4 Japanese yen 14.6 13.8 9.1 8.9 10.2 13.6 12.1 9.9 Pound sterling 1.2 0.4 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 1.2 0.5 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 41.9 73.8 80.5 80.3 78.7 72.7 77.8 83.5 4. Average terms of new commitments Official creditors Interest (%) 6.2 5.8 5.0 5.2 5.5 3.2 1.3 1.7 Maturity (years) 17.4 22.0 16.4 17.2 16.6 18.7 19.5 15.6 Grace period (years) 4.6 5.0 7.0 6.5 5.6 7.1 9.4 6.4 Private creditors Interest (%) 0.0 9.0 7.7 0.0 7.5 0.0 7.2 7.4 Maturity (years) 0.0 5.0 22.0 0.0 21.8 0.0 13.0 30.8 Grace period (years) 0.0 0.1 22.0 0.0 20.6 0.0 13.0 30.8 5. Major economic aggregates Gross national income (GNI) 51,140 51,878 74,141 84,519 98,879 119,942 122,566 147,315 Exports of goods, services & income 7,197 9,247 20,282 27,540 32,833 36,504 32,040 40,696 Worker remit. & comp. of employees 599 718 1,440 1,837 2,131 2,444 2,409 2,534 Imports of goods, services & income 12,653 11,794 20,906 26,853 33,880 44,765 34,717 46,037 Profit remittances on FDI 834 344 4,030 6,741 7,788 8,346 7,173 9,478 Current account balance -4,625 -1,546 1,148 2,872 1,460 -5,318 211 -2,315 International reserves 8,653 8,676 14,171 17,442 27,786 31,241 33,225 44,215 6. Ratios External debt stocks to exports (%) 428.6 309.6 144.7 105.8 97.7 94.7 113.6 89.1 External debt stocks to GNI (%) 60.3 55.2 39.6 34.5 32.4 28.8 29.7 24.6 Debt service to exports (%) 17.3 27.8 29.9 12.9 27.6 14.4 13.6 16.7 Short-term to external debt stocks (%) 31.3 13.7 10.9 10.3 16.6 15.7 13.0 16.7 Multilateral to external debt stocks (%) 12.0 19.2 26.9 26.8 24.7 23.1 23.0 21.7 Reserves to external debt stocks (%) 28.1 30.3 48.3 59.9 86.6 90.4 91.3 121.9 Reserves to imports (months) 8.2 8.8 8.1 7.8 9.8 8.4 11.5 11.5 240 PERU (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 20,228 24,145 26,083 26,101 26,739 29,138 31,662 30,216 Public and publicly guaranteed 18,940 19,208 22,511 22,161 19,832 19,394 20,800 20,027 Official creditors 15,238 14,377 13,805 13,479 11,293 12,338 11,740 10,573 Multilateral 3,716 5,511 7,885 7,810 7,922 7,988 8,377 7,854 of which: IBRD 1,729 2,590 2,816 2,633 2,649 2,712 2,846 2,965 IDA 0 0 0 0 0 0 0 0 Bilateral 11,522 8,866 5,920 5,669 3,371 4,350 3,362 2,719 Private creditors 3,702 4,830 8,706 8,682 8,539 7,056 9,061 9,454 of which: Bonds 0 3,727 8,390 8,390 8,270 6,879 8,911 9,311 Commercial banks 3,040 110 86 77 68 170 145 138 Private nonguaranteed 1,288 4,938 3,572 3,940 6,907 9,744 10,862 10,189 of which: Bonds 60 150 1,230 2,522 3,749 3,599 4,428 7,298 Disbursements 880 2,066 3,721 2,002 7,149 4,630 4,772 8,296 Public and publicly guaranteed 725 1,489 2,635 638 3,299 1,165 3,232 3,862 Official creditors 720 1,454 985 638 1,180 1,165 1,232 1,601 Multilateral 631 811 799 509 1,038 991 1,040 1,344 of which: IBRD 202 266 192 36 256 294 379 377 IDA 0 0 0 0 0 0 0 0 Bilateral 89 643 187 129 143 174 192 257 Private creditors 5 35 1,650 0 2,119 0 2,000 2,261 of which: Bonds 0 0 1,650 0 2,119 0 2,000 2,261 Commercial banks 0 34 0 0 0 0 0 0 Private nonguaranteed 155 577 1,086 1,364 3,849 3,466 1,539 4,434 of which: Bonds 0 0 1,080 1,292 1,227 0 878 2,871 Principal repayments 521 997 4,187 1,525 6,745 3,263 2,220 4,059 Public and publicly guaranteed 481 980 3,031 1,144 5,863 2,616 1,831 3,489 Official creditors 405 834 2,917 1,030 3,496 1,254 1,806 2,970 Multilateral 201 497 556 603 950 958 653 1,871 of which: IBRD 86 93 210 219 241 230 245 258 IDA 0 0 0 0 0 0 0 0 Bilateral 203 338 2,361 427 2,547 296 1,154 1,099 Private creditors 77 146 114 113 2,366 1,363 25 518 of which: Bonds 0 0 90 90 2,343 1,338 0 497 Commercial banks 28 130 11 9 9 23 23 21 Private nonguaranteed 40 17 1,156 381 882 647 389 570 of which: Bonds 0 0 0 0 0 150 50 0 Interest payments 485 1,172 1,717 1,849 2,109 1,807 1,976 2,550 Public and publicly guaranteed 414 1,103 1,403 1,389 1,512 1,184 1,084 1,096 Official creditors 395 915 807 724 818 571 451 346 Multilateral 245 382 354 434 483 408 314 251 of which: IBRD 118 189 105 137 150 136 107 62 IDA 0 0 0 0 0 0 0 0 Bilateral 150 533 453 290 335 163 137 95 Private creditors 19 188 596 665 694 613 632 750 of which: Bonds 0 179 568 637 669 603 623 742 Commercial banks 10 5 7 8 7 10 9 8 Private nonguaranteed 71 69 314 460 598 623 892 1,454 of which: Bonds 6 11 56 136 250 213 223 284 8. Debt stock-flow reconciliation Total change in external debt stocks 4,323 -515 -2,211 -219 2,940 2,486 1,835 -122 Net flows on external debt 3,148 289 -44 225 2,705 1,449 1,883 5,561 9. Debt restructurings Total amount rescheduled 919 1 21 0 0 0 30 0 Total amount forgiven 0 0 66 27 61 56 32 1,395 Debt buyback 0 0 0 0 2,343 838 0 497 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 819 1,066 1,028 973 931 974 832 657 Interest 233 212 186 161 140 119 101 87 Private creditors Principal 563 1,075 726 797 746 1,155 1,130 1,240 Interest 1,240 1,202 1,166 1,129 1,070 985 939 885 Notes: Data on long-term private nonguaranteed debt and short-term debt for 2010 are World Bank staff estimates based on reports provided by the country. Data for 2007 include Bond prepayment and prepayment to Paris Club creditors. Short-term debt data from 2007 are based on reports provided by the country. 241 PHILIPPINES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 39,379 58,304 61,658 60,412 66,040 64,995 63,116 72,337 Long-term external debt 33,372 50,777 54,874 55,403 58,956 57,994 59,114 66,042 Public and publicly guaranteed 28,525 33,744 35,364 36,881 38,089 39,197 41,944 44,641 Private nonguaranteed 4,847 17,033 19,510 18,522 20,867 18,797 17,171 21,402 Use of IMF credit 728 2,032 389 0 0 0 0 0 Short-term external debt 5,279 5,495 6,395 5,009 7,084 7,001 4,002 6,295 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 1 1 2 0 1 0 0 Long-term public sector debt 28,369 33,674 35,295 36,815 38,024 39,121 41,872 44,565 Long-term private sector debt 5,003 17,103 19,579 18,588 20,932 18,873 17,242 21,477 Public & publicly guaranteed commitments 2,594 5,353 3,776 4,124 2,521 3,442 7,787 8,934 External debt flows Disbursements 2,840 6,060 6,525 8,902 8,876 5,163 9,853 15,534 Long-term external debt 2,840 5,747 6,525 8,902 8,876 5,163 9,853 15,534 IMF purchases 0 313 0 0 0 0 0 0 Principal repayments 3,099 4,055 6,403 9,800 6,340 8,219 6,379 9,527 Long-term external debt 2,737 4,047 6,085 9,399 6,340 8,219 6,379 9,527 IMF repurchases 363 8 317 400 0 0 0 0 Net flows -696 2,551 1,472 -2,284 4,611 -3,140 476 8,300 Long-term external debt 104 1,700 440 -498 2,536 -3,057 3,475 6,007 Short-term external debt -437 546 1,349 -1,386 2,075 -83 -2,999 2,293 Interest payments 2,264 3,004 3,559 3,899 3,796 3,980 3,501 3,347 Long-term external debt 1,859 2,469 3,254 3,521 3,450 3,697 3,431 3,324 IMF charges 55 94 20 15 2 0 0 0 Short-term external debt 351 442 286 363 345 284 70 23 2. Other non-debt resource inflows Foreign direct investment 1,478 2,240 1,854 2,921 2,916 1,544 1,963 1,713 Portfolio equity 0 -202 1,465 2,525 3,178 -1,289 -1,096 481 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.5 5.7 5.9 5.1 5.1 3.6 Japanese yen 39.2 38.2 34.7 32.4 33.2 38.4 33.7 36.0 Pound sterling 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.3 0.1 0.2 0.2 0.2 0.1 0.1 0.1 U.S.dollars 27.3 42.2 49.5 53.0 52.9 49.8 55.8 56.2 4. Average terms of new commitments Official creditors Interest (%) 4.3 3.3 3.1 5.3 4.4 2.4 1.2 1.0 Maturity (years) 26.7 28.1 19.8 17.2 21.3 22.6 20.1 24.4 Grace period (years) 7.8 7.3 5.4 5.1 6.5 6.5 6.4 7.7 Private creditors Interest (%) 7.1 8.3 7.6 7.9 6.4 4.2 7.1 4.5 Maturity (years) 11.0 11.4 10.8 18.7 24.6 15.9 13.8 13.9 Grace period (years) 10.2 10.8 10.2 18.6 24.5 10.8 13.4 13.3 5. Major economic aggregates Gross national income (GNI) 76,450 80,996 102,768 120,950 148,461 173,708 168,141 199,897 Exports of goods, services & income 32,862 44,060 48,725 57,358 64,629 63,943 54,336 70,020 Worker remit. & comp. of employees 5,360 6,961 13,566 15,251 16,302 18,642 19,765 21,423 Imports of goods, services & income 35,722 51,928 58,136 65,214 71,670 75,563 61,257 78,150 Profit remittances on FDI 515 230 1,391 2,015 2,133 1,675 2,150 2,234 Current account balance -1,980 -2,225 1,980 5,341 7,112 3,627 9,358 8,465 International reserves 7,781 15,074 18,474 22,963 33,740 37,498 44,206 62,326 6. Ratios External debt stocks to exports (%) 119.8 132.3 126.5 105.3 102.2 101.6 116.2 103.3 External debt stocks to GNI (%) 51.5 72.0 60.0 49.9 44.5 37.4 37.5 36.2 Debt service to exports (%) 16.3 16.0 20.4 23.9 15.7 19.1 18.2 18.4 Short-term to external debt stocks (%) 13.4 9.4 10.4 8.3 10.7 10.8 6.3 8.7 Multilateral to external debt stocks (%) 21.6 12.4 10.7 11.4 10.9 11.4 13.4 11.6 Reserves to external debt stocks (%) 19.8 25.9 30.0 38.0 51.1 57.7 70.0 86.2 Reserves to imports (months) 2.6 3.5 3.8 4.2 5.6 6.0 8.7 9.6 242 PHILIPPINES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 33,372 50,777 54,874 55,403 58,956 57,994 59,114 66,042 Public and publicly guaranteed 28,525 33,744 35,364 36,881 38,089 39,197 41,944 44,641 Official creditors 22,626 19,890 18,580 18,623 19,586 21,601 22,067 23,198 Multilateral 8,490 7,207 6,620 6,874 7,219 7,414 8,449 8,372 of which: IBRD 5,002 3,627 2,885 2,690 2,726 2,533 2,488 2,567 IDA 183 207 197 196 195 187 181 171 Bilateral 14,137 12,683 11,960 11,749 12,367 14,186 13,618 14,826 Private creditors 5,899 13,855 16,784 18,258 18,503 17,597 19,877 21,443 of which: Bonds 4,666 10,466 14,290 16,386 16,904 16,144 18,627 20,221 Commercial banks 416 2,482 1,413 813 636 662 894 918 Private nonguaranteed 4,847 17,033 19,510 18,522 20,867 18,797 17,171 21,402 of which: Bonds 1,925 2,856 2,975 2,476 1,993 1,314 956 1,651 Disbursements 2,840 5,747 6,525 8,902 8,876 5,163 9,853 15,534 Public and publicly guaranteed 1,816 5,228 3,874 7,878 2,767 2,119 8,143 8,152 Official creditors 1,413 1,528 1,144 1,905 1,655 1,442 2,360 1,346 Multilateral 621 386 381 974 808 860 1,703 491 of which: IBRD 393 152 129 132 372 192 361 438 IDA 10 10 0 0 0 0 0 0 Bilateral 792 1,142 763 931 847 582 657 855 Private creditors 403 3,701 2,730 5,973 1,112 677 5,783 6,806 of which: Bonds 278 2,630 2,384 5,756 1,048 576 5,510 6,680 Commercial banks 102 997 221 165 36 100 272 122 Private nonguaranteed 1,024 519 2,651 1,024 6,109 3,044 1,710 7,382 of which: Bonds 864 5 250 0 0 0 0 1,012 Principal repayments 2,737 4,047 6,085 9,399 6,340 8,219 6,379 9,527 Public and publicly guaranteed 2,587 2,515 3,353 5,742 2,547 3,592 3,841 6,816 Official creditors 2,204 1,572 1,788 1,921 1,667 2,322 1,722 1,818 Multilateral 651 562 644 790 625 972 651 671 of which: IBRD 413 349 376 383 403 471 394 379 IDA 2 3 7 7 7 7 7 7 Bilateral 1,553 1,009 1,143 1,131 1,041 1,349 1,071 1,147 Private creditors 383 943 1,566 3,820 881 1,270 2,120 4,998 of which: Bonds 32 395 1,209 2,911 462 844 1,644 4,807 Commercial banks 76 474 265 831 252 94 53 108 Private nonguaranteed 150 1,533 2,732 3,658 3,792 4,627 2,537 2,711 of which: Bonds 0 445 333 604 558 572 339 174 Interest payments 1,859 2,469 3,254 3,521 3,450 3,697 3,431 3,324 Public and publicly guaranteed 1,707 1,882 2,409 2,736 2,527 2,865 2,840 2,977 Official creditors 1,320 841 584 583 614 612 542 498 Multilateral 604 414 258 280 333 310 248 196 of which: IBRD 376 223 124 141 160 143 112 81 IDA 1 2 2 1 1 1 1 1 Bilateral 716 427 326 303 280 301 294 301 Private creditors 387 1,041 1,825 2,153 1,913 2,253 2,298 2,479 of which: Bonds 287 880 1,725 2,033 1,841 2,198 2,257 2,441 Commercial banks 34 130 70 92 34 27 26 26 Private nonguaranteed 152 586 845 785 923 832 590 347 of which: Bonds 82 479 283 255 140 103 88 25 8. Debt stock-flow reconciliation Total change in external debt stocks -878 -17 690 -1,246 5,628 -1,045 -1,879 9,221 Net flows on external debt -696 2,551 1,472 -2,284 4,611 -3,140 476 8,300 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 2,092 2,009 2,177 1,961 1,653 1,607 1,556 1,524 Interest 464 423 385 348 317 287 258 229 Private creditors Principal 3,745 2,405 2,760 3,024 2,834 4,464 3,353 2,230 Interest 1,861 1,762 1,711 1,627 1,533 1,425 1,217 1,112 Notes: Long-term private nonguaranteed debt includes the following monitored aggregate private-sector debt: unregistered debt, intercompany debt and capital leases. Short-term debt is based on reports provided by the country. 243 ROMANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 6,832 11,160 38,861 53,935 84,162 102,487 118,008 121,505 Long-term external debt 4,491 9,945 31,187 37,265 54,836 73,827 86,253 81,383 Public and publicly guaranteed 3,957 6,583 13,330 14,184 15,200 14,987 17,956 20,557 Private nonguaranteed 534 3,362 17,858 23,081 39,636 58,839 68,297 60,826 Use of IMF credit 1,038 453 261 104 0 0 9,544 15,092 Short-term external debt 1,303 763 7,413 16,567 29,326 28,660 22,210 25,029 interest arrears on long-term 0 12 13 6 6 2 1 1 Memorandum items Principal arrears on long-term 0 16 37 260 256 237 1 1 Long-term public sector debt 3,899 6,440 12,962 13,820 14,833 14,742 17,714 19,887 Long-term private sector debt 592 3,505 18,225 23,445 40,003 59,084 68,539 61,496 Public & publicly guaranteed commitments 1,641 2,864 2,897 2,594 985 3,335 8,472 1,838 External debt flows Disbursements 1,513 3,258 12,918 11,226 20,884 32,513 32,564 23,080 Long-term external debt 1,455 3,144 12,918 11,226 20,884 32,513 23,173 17,416 IMF purchases 57 114 0 0 0 0 9,391 5,664 Principal repayments 675 1,801 5,331 6,472 8,325 14,427 13,117 15,744 Long-term external debt 302 1,705 5,179 6,305 8,219 14,427 13,117 15,744 IMF repurchases 373 96 152 167 105 0 0 0 Net flows 1,174 1,843 10,619 13,915 25,319 17,424 12,998 10,155 Long-term external debt 1,153 1,439 7,739 4,922 12,665 18,086 10,056 1,672 Short-term external debt 337 386 3,032 9,161 12,760 -662 -6,449 2,819 Interest payments 321 698 1,587 2,176 3,243 3,696 3,178 2,801 Long-term external debt 206 632 1,248 1,404 1,956 2,904 2,737 2,158 IMF charges 69 24 13 10 3 0 77 301 Short-term external debt 47 42 326 762 1,284 792 364 342 2. Other non-debt resource inflows Foreign direct investment 419 1,037 6,482 11,393 9,925 13,883 4,846 3,453 Portfolio equity 0 58 229 301 746 23 7 4 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 58.9 64.0 69.3 71.9 78.8 82.5 Japanese yen 2.7 5.3 3.2 3.5 3.4 4.5 3.6 3.9 Pound sterling 0.0 0.0 1.3 1.1 0.7 0.3 0.1 0.0 Swiss franc 1.8 0.9 0.7 0.6 0.5 0.4 0.2 0.1 U.S.dollars 34.4 42.5 26.9 22.8 18.9 17.3 13.3 10.5 4. Average terms of new commitments Official creditors Interest (%) 6.0 5.9 2.1 3.6 4.6 4.0 2.9 1.8 Maturity (years) 13.3 17.1 23.0 19.2 20.0 14.4 11.6 24.9 Grace period (years) 4.3 4.2 6.4 5.4 5.9 12.7 5.6 7.0 Private creditors Interest (%) 6.9 9.1 3.8 4.1 5.2 6.5 6.3 5.0 Maturity (years) 7.2 5.8 10.0 11.9 11.0 10.8 10.1 5.1 Grace period (years) 2.7 2.5 7.8 3.8 3.2 9.3 1.4 5.0 5. Major economic aggregates Gross national income (GNI) 35,236 36,768 98,008 119,825 169,088 199,261 164,073 159,027 Exports of goods, services & income 9,485 12,438 34,346 41,545 53,315 65,946 52,162 59,372 Worker remit. & comp. of employees 9 96 4,733 6,718 8,542 9,381 4,952 3,883 Imports of goods, services & income 11,628 14,653 47,298 60,454 83,013 98,549 64,825 70,374 Profit remittances on FDI 28 72 2,926 4,164 5,988 4,362 1,212 747 Current account balance -1,774 -1,355 -8,504 -12,785 -23,080 -23,719 -6,955 -6,480 International reserves 2,624 3,396 21,601 30,206 39,974 39,768 44,383 48,048 6. Ratios External debt stocks to exports (%) 72.0 89.7 113.1 129.8 157.9 155.4 226.2 204.7 External debt stocks to GNI (%) 19.4 30.4 39.7 45.0 49.8 51.4 71.9 76.4 Debt service to exports (%) 10.5 20.1 20.1 20.8 21.7 27.5 31.2 31.2 Short-term to external debt stocks (%) 19.1 6.8 19.1 30.7 34.8 28.0 18.8 20.6 Multilateral to external debt stocks (%) 24.7 30.1 14.4 11.3 8.0 7.1 9.0 11.0 Reserves to external debt stocks (%) 38.4 30.4 55.6 56.0 47.5 38.8 37.6 39.5 Reserves to imports (months) 2.7 2.8 5.5 6.0 5.8 4.8 8.2 8.2 244 ROMANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 4,491 9,945 31,187 37,265 54,836 73,827 86,253 81,383 Public and publicly guaranteed 3,957 6,583 13,330 14,184 15,200 14,987 17,956 20,557 Official creditors 2,998 4,149 6,152 6,674 7,301 8,006 11,271 14,233 Multilateral 1,685 3,364 5,602 6,092 6,709 7,295 10,579 13,373 of which: IBRD 844 1,898 2,448 2,481 2,604 2,572 2,995 2,830 IDA 0 0 0 0 0 0 0 0 Bilateral 1,312 785 550 583 592 710 692 860 Private creditors 959 2,434 7,177 7,510 7,899 6,982 6,686 6,324 of which: Bonds 0 736 2,123 2,371 2,650 2,714 2,809 1,670 Commercial banks 250 1,157 4,874 5,000 5,113 4,178 3,816 4,595 Private nonguaranteed 534 3,362 17,858 23,081 39,636 58,839 68,297 60,826 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,455 3,144 12,918 11,226 20,884 32,513 23,173 17,416 Public and publicly guaranteed 1,185 1,937 2,637 1,315 1,271 2,799 3,860 5,609 Official creditors 873 1,083 1,016 678 718 1,515 3,720 4,123 Multilateral 361 932 891 554 658 1,437 3,671 4,001 of which: IBRD 128 384 282 140 232 239 703 187 IDA 0 0 0 0 0 0 0 0 Bilateral 511 151 125 124 60 77 48 122 Private creditors 312 854 1,621 637 554 1,284 140 1,486 of which: Bonds 0 139 623 0 0 1,104 0 0 Commercial banks 165 674 958 620 527 175 140 1,468 Private nonguaranteed 271 1,207 10,281 9,911 19,613 29,715 19,313 11,807 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 302 1,705 5,179 6,305 8,219 14,427 13,117 15,744 Public and publicly guaranteed 217 984 1,697 1,436 1,469 2,490 1,376 2,112 Official creditors 132 493 590 556 585 685 671 664 Multilateral 14 326 376 450 508 626 609 627 of which: IBRD 0 91 205 195 211 288 261 262 IDA 0 0 0 0 0 0 0 0 Bilateral 118 168 213 106 77 60 63 37 Private creditors 85 491 1,107 880 884 1,805 704 1,448 of which: Bonds 0 0 374 0 0 883 0 929 Commercial banks 13 328 646 813 844 875 635 503 Private nonguaranteed 86 721 3,482 4,868 6,750 11,937 11,741 13,632 of which: Bonds 0 75 0 0 0 0 0 0 Interest payments 206 632 1,248 1,404 1,956 2,904 2,737 2,158 Public and publicly guaranteed 179 439 672 707 803 876 705 596 Official creditors 124 269 229 272 316 345 322 293 Multilateral 70 207 206 252 299 328 305 276 of which: IBRD 53 104 88 111 132 130 95 51 IDA 0 0 0 0 0 0 0 0 Bilateral 54 62 23 20 17 17 17 17 Private creditors 56 171 443 435 487 531 383 303 of which: Bonds 0 45 184 131 171 199 156 145 Commercial banks 8 76 248 295 312 327 219 155 Private nonguaranteed 27 193 576 697 1,153 2,028 2,032 1,562 of which: Bonds 0 7 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,230 2,154 9,287 15,075 30,227 18,325 15,521 3,497 Net flows on external debt 1,174 1,843 10,619 13,915 25,319 17,424 12,998 10,155 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 19 0 0 0 5 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 781 891 972 1,583 2,510 2,005 2,019 1,832 Interest 408 441 453 449 401 346 291 237 Private creditors Principal 6,747 7,727 6,772 6,691 8,347 6,222 6,116 7,063 Interest 1,223 1,077 926 817 712 522 429 338 Notes: Short-term debt is based on reports provided by the country. 245 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 121,401 159,993 239,911 250,743 361,338 402,726 373,419 384,740 Long-term external debt 101,582 132,751 212,780 210,142 289,337 347,925 341,116 345,983 Public and publicly guaranteed 101,582 110,989 86,877 107,442 148,737 141,725 148,116 162,924 Private nonguaranteed 0 21,762 125,903 102,700 140,600 206,200 193,000 183,059 Use of IMF credit 9,617 11,613 0 0 0 0 0 0 Short-term external debt 10,201 15,630 27,131 40,601 72,001 54,801 32,303 38,756 interest arrears on long-term 5,851 4,530 3,151 747 606 655 427 56 Memorandum items Principal arrears on long-term 22,417 7,368 2,064 506 39 115 0 0 Long-term public sector debt 101,582 110,989 86,877 107,442 148,737 141,725 148,116 162,924 Long-term private sector debt 0 21,762 125,903 102,700 140,600 206,200 193,000 183,059 Public & publicly guaranteed commitments 3,154 76 11,545 13,472 45,956 23,462 10,123 21,117 External debt flows Disbursements 8,536 1,387 55,068 49,795 96,278 108,173 42,090 51,406 Long-term external debt 3,083 1,387 55,068 49,795 96,278 108,173 42,090 51,406 IMF purchases 5,453 0 0 0 0 0 0 0 Principal repayments 3,273 6,221 32,475 37,396 24,111 44,579 38,944 44,197 Long-term external debt 3,273 3,333 29,086 37,396 24,111 44,579 38,944 44,197 IMF repurchases 0 2,888 3,389 0 0 0 0 0 Net flows 4,913 -2,835 23,227 28,273 103,708 46,345 -19,124 14,034 Long-term external debt -190 -1,947 25,982 12,399 72,167 63,594 3,146 7,210 Short-term external debt -350 2,000 634 15,874 31,541 -17,249 -22,270 6,824 Interest payments 2,885 5,604 9,446 12,890 16,135 22,570 18,144 17,652 Long-term external debt 2,591 4,284 8,569 11,599 13,771 20,715 17,605 17,229 IMF charges 294 691 27 0 0 0 0 0 Short-term external debt 0 630 850 1,291 2,364 1,855 539 423 2. Other non-debt resource inflows Foreign direct investment 2,065 2,714 12,886 29,701 55,073 75,002 36,500 42,868 Portfolio equity 47 150 -100 6,480 18,675 -15,005 3,369 -4,808 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 10.2 3.8 2.9 3.9 4.1 3.5 Japanese yen 2.0 0.8 1.2 0.8 0.5 0.5 0.5 0.4 Pound sterling 0.8 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.3 U.S.dollars 52.1 71.6 83.4 91.1 93.9 93.1 93.5 94.5 4. Average terms of new commitments Official creditors Interest (%) 7.0 7.3 4.4 0.0 3.5 0.0 0.6 0.0 Maturity (years) 16.7 16.8 17.3 6.3 11.1 0.0 13.3 0.0 Grace period (years) 5.6 5.3 4.8 3.3 3.3 0.0 3.8 0.0 Private creditors Interest (%) 7.0 7.1 5.2 6.1 5.8 5.4 5.5 4.2 Maturity (years) 14.4 9.1 4.0 4.7 6.5 5.7 5.6 6.4 Grace period (years) 2.5 2.1 1.6 3.2 4.3 3.9 5.3 5.7 5. Major economic aggregates Gross national income (GNI) 392,156 252,972 744,977 960,335 1,268,989 1,611,773 1,181,785 1,431,459 Exports of goods, services & income 97,265 119,350 286,244 364,409 441,054 584,560 378,166 482,121 Worker remit. & comp. of employees 2,502 1,275 3,012 3,344 4,713 6,033 5,359 5,264 Imports of goods, services & income 90,459 72,580 200,604 268,185 359,779 478,265 326,699 408,336 Profit remittances on FDI 197 887 19,483 34,601 43,195 62,290 37,472 48,189 Current account balance 6,963 46,839 84,602 94,686 77,768 103,530 48,605 70,599 International reserves 18,024 27,656 182,272 303,773 478,822 426,279 439,342 479,222 6. Ratios External debt stocks to exports (%) 124.8 134.1 83.8 68.8 81.9 68.9 98.7 79.8 External debt stocks to GNI (%) 31.0 63.2 32.2 26.1 28.5 25.0 31.6 26.9 Debt service to exports (%) 6.3 9.9 14.6 13.8 9.1 11.5 15.1 12.8 Short-term to external debt stocks (%) 8.4 9.8 11.3 16.2 19.9 13.6 8.7 10.1 Multilateral to external debt stocks (%) 1.6 4.4 2.3 2.2 1.4 1.1 1.0 0.8 Reserves to external debt stocks (%) 14.8 17.3 76.0 121.1 132.5 105.8 117.7 124.6 Reserves to imports (months) 2.4 4.6 10.9 13.6 16.0 10.7 16.1 14.1 246 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 101,582 132,751 212,780 210,142 289,337 347,925 341,116 345,983 Public and publicly guaranteed 101,582 110,989 86,877 107,442 148,737 141,725 148,116 162,924 Official creditors 57,449 70,851 34,723 11,220 9,677 8,396 7,333 6,389 Multilateral 1,985 7,040 5,627 5,451 5,099 4,477 3,724 3,042 of which: IBRD 1,524 6,844 5,091 4,759 4,292 3,851 3,211 2,618 IDA 0 0 0 0 0 0 0 0 Bilateral 55,464 63,811 29,096 5,769 4,579 3,919 3,609 3,347 Private creditors 44,133 40,138 52,154 96,223 139,059 133,329 140,783 156,535 of which: Bonds 1,115 36,368 40,244 44,146 60,619 67,238 70,117 82,643 Commercial banks 16,674 440 10,050 50,419 77,637 65,562 70,323 73,742 Private nonguaranteed 0 21,762 125,903 102,700 140,600 206,200 193,000 183,059 of which: Bonds 0 1,412 33,673 48,741 70,208 78,078 73,331 73,329 Disbursements 3,083 1,387 55,068 49,795 96,278 108,173 42,090 51,406 Public and publicly guaranteed 3,083 1,007 11,606 24,014 46,257 20,159 32,106 33,633 Official creditors 1,092 746 441 569 520 361 108 139 Multilateral 855 574 409 528 420 260 108 139 of which: IBRD 824 540 251 324 214 221 95 135 IDA 0 0 0 0 0 0 0 0 Bilateral 237 172 32 42 100 101 0 0 Private creditors 1,990 261 11,165 23,444 45,736 19,798 31,998 33,494 of which: Bonds 0 0 1,000 5,618 19,888 12,187 8,723 16,165 Commercial banks 20 0 10,050 17,826 25,848 7,611 23,275 17,328 Private nonguaranteed 0 380 43,462 25,781 50,021 88,014 9,984 17,774 of which: Bonds 0 75 14,620 16,192 26,395 14,333 2,286 11,976 Principal repayments 3,273 3,333 29,086 37,396 24,111 44,579 38,944 44,197 Public and publicly guaranteed 3,273 2,031 23,116 31,713 10,879 23,114 15,841 19,153 Official creditors 917 1,206 18,683 25,983 1,765 1,598 1,183 1,096 Multilateral 434 312 823 741 815 947 872 798 of which: IBRD 0 266 780 693 724 706 730 731 IDA 0 0 0 0 0 0 0 0 Bilateral 483 894 17,860 25,242 950 650 311 297 Private creditors 2,356 825 4,433 5,730 9,114 21,516 14,658 18,057 of which: Bonds 810 268 3,765 2,543 3,714 5,098 5,944 3,573 Commercial banks 51 19 0 2,900 4,679 16,110 8,526 14,284 Private nonguaranteed 0 1,302 5,971 5,683 13,232 21,465 23,103 25,044 of which: Bonds 0 825 822 1,475 6,065 6,020 7,033 9,669 Interest payments 2,591 4,284 8,569 11,599 13,771 20,715 17,605 17,229 Public and publicly guaranteed 2,591 3,207 5,221 5,279 4,730 6,264 5,421 5,803 Official creditors 1,245 1,227 2,339 1,735 453 333 182 62 Multilateral 132 431 201 276 301 234 135 36 of which: IBRD 57 412 184 243 262 202 121 30 IDA 0 0 0 0 0 0 0 0 Bilateral 1,113 796 2,137 1,458 152 99 47 26 Private creditors 1,346 1,979 2,882 3,545 4,277 5,931 5,239 5,741 of which: Bonds 140 1,845 2,804 2,857 3,356 4,372 4,657 4,896 Commercial banks 600 4 7 631 875 1,523 564 837 Private nonguaranteed 0 1,077 3,348 6,320 9,041 14,451 12,184 11,427 of which: Bonds 0 165 1,774 3,234 4,722 5,269 5,550 5,154 8. Debt stock-flow reconciliation Total change in external debt stocks -374 -14,761 43,128 10,832 110,595 41,388 -29,307 11,321 Net flows on external debt 4,913 -2,835 23,227 28,273 103,708 46,345 -19,124 14,034 9. Debt restructurings Total amount rescheduled 7,166 26,526 0 1,170 0 0 0 0 Total amount forgiven 0 11,600 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,742 958 725 622 454 290 1,035 215 Interest 113 88 71 59 48 40 34 9 Private creditors Principal 62,304 45,111 46,455 38,271 32,049 20,390 29,696 23,277 Interest 14,346 12,430 10,625 8,760 7,112 5,824 4,932 3,547 Notes: Data on long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt for 2010 are World Bank staff estimates based on reports provided by the country. 247 RWANDA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1029.0 1270.3 1508.9 413.0 584.6 662.8 748.9 794.6 Long-term external debt 970.7 1146.6 1414.5 389.5 565.9 645.7 723.5 765.6 Public and publicly guaranteed 970.7 1146.6 1414.5 389.5 565.9 645.7 723.5 765.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 26.3 85.8 77.0 4.3 8.1 11.4 15.2 14.9 Short-term external debt 32.0 37.9 17.4 19.2 10.6 5.7 10.1 14.1 interest arrears on long-term 17.5 16.2 13.4 12.2 10.6 0.7 0.1 0.1 Memorandum items Principal arrears on long-term 44.2 71.9 73.3 69.3 63.0 4.3 2.7 2.1 Long-term public sector debt 970.7 1146.6 1414.5 389.5 565.9 645.7 723.5 765.6 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 50.0 55.0 73.0 17.9 386.6 0.0 52.1 138.3 External debt flows Disbursements 67.5 64.9 86.5 67.0 85.7 114.1 88.4 61.4 Long-term external debt 54.0 39.8 84.8 64.5 82.3 110.5 84.8 61.4 IMF purchases 13.5 25.1 1.7 2.5 3.5 3.6 3.6 0.0 Principal repayments 11.4 24.3 16.8 17.8 16.2 8.6 5.3 8.3 Long-term external debt 11.4 13.1 13.2 17.8 16.2 8.6 5.3 8.2 IMF repurchases 0.0 11.1 3.7 0.0 0.0 0.0 0.0 0.1 Net flows 52.6 24.3 66.6 52.3 62.6 110.5 88.1 57.0 Long-term external debt 42.6 26.7 71.6 46.7 66.1 101.9 79.5 53.1 Short-term external debt -3.5 -16.4 -3.0 3.0 -7.0 5.0 5.0 4.0 Interest payments 8.9 11.4 10.8 8.2 6.7 5.7 6.0 6.2 Long-term external debt 8.3 8.5 10.2 7.9 6.5 5.5 5.8 6.0 IMF charges 0.1 1.4 0.4 0.0 0.0 0.1 0.1 0.0 Short-term external debt 0.5 1.5 0.2 0.3 0.2 0.1 0.1 0.2 2. Other non-debt resource inflows Foreign direct investment 2.2 8.3 8.0 11.2 67.1 103.4 118.7 42.3 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 4.2 6.8 5.1 6.8 6.7 5.5 Japanese yen 1.3 0.4 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 45.6 58.5 63.8 54.4 44.4 41.9 41.2 40.1 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.8 0.9 1.0 3.0 0.0 1.8 0.9 Maturity (years) 39.8 39.7 40.0 30.1 25.1 0.0 21.8 35.9 Grace period (years) 10.3 10.2 9.4 6.5 7.9 0.0 7.0 9.2 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) 1298.9 1719.6 2554.0 3082.5 3723.8 4677.2 5225.2 5581.8 Exports of goods, services & income 98.8 141.5 284.6 302.5 411.3 693.0 548.6 620.5 Worker remit. & comp. of employees 21.1 6.6 20.9 21.2 51.3 67.8 92.6 91.8 Imports of goods, services & income 391.3 451.7 702.8 778.3 971.4 1463.5 1531.2 1699.2 Profit remittances on FDI 1.5 3.1 4.7 3.9 9.3 15.4 4.7 0.0 Current account balance 57.5 -94.4 -52.1 -180.0 -146.6 -252.1 -378.6 -421.4 International reserves 99.1 190.6 405.8 439.7 552.8 596.3 742.7 812.8 6. Ratios External debt stocks to exports (%) 1041.4 897.7 530.1 136.5 142.1 95.6 136.5 128.1 External debt stocks to GNI (%) 79.2 73.9 59.1 13.4 15.7 14.2 14.3 14.2 Debt service to exports (%) 20.5 25.2 9.7 8.6 5.6 2.1 2.1 2.3 Short-term to external debt stocks (%) 3.1 3.0 1.2 4.6 1.8 0.9 1.4 1.8 Multilateral to external debt stocks (%) 79.1 78.5 90.0 81.2 79.9 84.8 82.2 80.5 Reserves to external debt stocks (%) 9.6 15.0 26.9 106.5 94.6 90.0 99.2 102.3 Reserves to imports (months) 3.0 5.1 6.9 6.8 6.8 4.9 5.8 5.7 248 RWANDA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 970.7 1146.6 1414.5 389.5 565.9 645.7 723.5 765.6 Public and publicly guaranteed 970.7 1146.6 1414.5 389.5 565.9 645.7 723.5 765.6 Official creditors 970.7 1146.6 1414.5 389.5 565.9 645.7 723.5 765.6 Multilateral 813.7 996.6 1357.8 335.2 467.3 562.0 615.3 639.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 512.0 691.9 980.3 168.5 203.8 241.7 254.2 259.4 Bilateral 157.0 150.0 56.7 54.3 98.6 83.7 108.3 126.3 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 54.0 39.8 84.8 64.5 82.3 110.5 84.8 61.4 Public and publicly guaranteed 54.0 39.8 84.8 64.5 82.3 110.5 84.8 61.4 Official creditors 54.0 39.8 84.8 64.5 82.3 110.5 84.8 61.4 Multilateral 54.0 39.8 84.8 64.5 70.9 101.4 58.5 43.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 34.8 37.2 46.8 37.0 27.6 40.5 10.5 9.8 Bilateral 0.0 0.0 0.0 0.0 11.4 9.1 26.4 18.3 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 11.4 13.1 13.2 17.8 16.2 8.6 5.3 8.2 Public and publicly guaranteed 11.4 13.1 13.2 17.8 16.2 8.6 5.3 8.2 Official creditors 11.4 13.1 13.2 17.8 16.2 8.6 5.3 8.2 Multilateral 11.2 10.8 8.2 12.6 10.9 8.2 4.9 7.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 5.8 6.3 0.2 0.0 0.0 0.0 0.0 0.5 Bilateral 0.2 2.3 5.0 5.1 5.2 0.4 0.4 1.2 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 Interest payments 8.3 8.5 10.2 7.9 6.5 5.5 5.8 6.0 Public and publicly guaranteed 8.3 8.5 10.2 7.9 6.5 5.5 5.8 6.0 Official creditors 8.3 8.5 10.2 7.9 6.5 5.5 5.8 6.0 Multilateral 8.3 7.5 9.3 6.8 5.4 4.4 4.2 4.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 6.7 5.1 5.6 2.3 1.5 1.7 1.8 1.9 Bilateral 0.0 1.0 0.9 1.0 1.1 1.1 1.6 1.7 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 8. Debt stock-flow reconciliation Total change in external debt stocks 76.7 -21.3 -145.7 -1095.9 171.6 78.2 86.1 45.6 Net flows on external debt 52.6 24.3 66.6 52.3 62.6 110.5 88.1 57.0 9. Debt restructurings Total amount rescheduled 6.1 6.8 8.0 14.0 0.1 0.0 0.0 0.0 Total amount forgiven 0.0 0.3 103.5 1215.5 0.6 29.5 4.6 4.2 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 16.0 18.3 20.4 27.2 33.0 33.9 34.3 34.8 Interest 8.5 9.3 9.8 10.1 10.1 9.9 9.6 9.2 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 have been revised from 2008 based on reports provided by the country. 249 SAMOA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 160.0 137.7 167.5 163.7 185.9 205.6 235.5 308.0 Long-term external debt 160.0 137.7 167.5 163.7 185.9 205.6 226.4 299.1 Public and publicly guaranteed 160.0 137.7 167.5 163.7 185.9 205.6 226.4 299.1 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 0.0 0.0 0.0 9.1 8.9 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 interest arrears on long-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 160.0 137.7 167.5 163.7 185.9 205.6 226.4 299.1 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 0.1 11.8 4.8 8.5 91.3 48.8 0.0 79.4 External debt flows Disbursements 6.8 6.7 10.4 7.3 17.8 25.5 34.1 78.9 Long-term external debt 6.8 6.7 10.4 7.3 17.8 25.5 25.2 78.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 8.9 0.0 Principal repayments 3.0 4.2 4.3 4.9 5.3 6.0 6.0 7.2 Long-term external debt 3.0 4.2 4.3 4.9 5.3 6.0 6.0 7.2 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 3.8 2.5 6.1 2.4 12.6 19.6 28.1 71.6 Long-term external debt 3.8 2.5 6.1 2.4 12.6 19.6 19.2 71.6 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.6 1.3 1.5 2.1 1.6 2.1 2.5 3.3 Long-term external debt 1.6 1.3 1.5 2.1 1.6 2.1 2.5 3.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 3.4 -1.5 -3.0 20.7 6.8 45.9 9.9 0.7 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.7 1.7 1.4 0.9 0.8 0.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.7 2.7 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 36.6 41.0 43.7 48.5 45.7 41.1 36.8 33.7 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.1 3.8 1.4 1.1 0.8 0.0 1.4 Maturity (years) 20.5 35.1 19.6 31.4 28.8 22.9 0.0 29.1 Grace period (years) 8.5 9.0 5.1 7.9 8.5 5.9 0.0 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) 193.7 245.6 388.2 432.8 479.9 561.5 480.8 543.8 Exports of goods, services & income 69.1 .. 131.3 149.7 190.0 193.8 181.5 201.7 Worker remit. & comp. of employees 41.0 45.0 109.9 108.0 119.8 135.0 131.4 143.4 Imports of goods, services & income 119.9 .. 263.3 293.2 344.4 372.1 318.4 391.2 Profit remittances on FDI .. .. 7.7 13.8 37.9 50.5 27.4 17.5 Current account balance 9.3 .. -25.2 -47.8 -41.6 -53.5 -9.3 -57.9 International reserves 55.3 63.7 81.8 80.7 95.4 87.1 165.8 209.4 6. Ratios External debt stocks to exports (%) 231.6 .. 127.5 109.4 97.8 106.1 129.8 152.7 External debt stocks to GNI (%) 82.6 56.1 43.1 37.8 38.7 36.6 49.0 56.6 Debt service to exports (%) 6.6 .. 4.4 4.6 3.6 4.2 4.7 5.2 Short-term to external debt stocks (%) .. .. .. .. .. .. .. .. Multilateral to external debt stocks (%) 93.1 93.9 92.6 99.8 95.1 85.6 76.5 71.2 Reserves to external debt stocks (%) 34.6 46.2 48.8 49.3 51.3 42.4 70.4 68.0 Reserves to imports (months) 5.5 .. 3.7 3.3 3.3 2.8 6.3 6.4 250 SAMOA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 160.0 137.7 167.5 163.7 185.9 205.6 226.4 299.1 Public and publicly guaranteed 160.0 137.7 167.5 163.7 185.9 205.6 226.4 299.1 Official creditors 160.0 137.7 167.5 163.7 185.9 205.6 226.4 299.1 Multilateral 149.1 129.3 155.0 163.4 176.8 176.0 180.1 219.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 44.7 47.3 64.2 69.3 77.7 79.0 79.9 99.3 Bilateral 11.0 8.4 12.5 0.3 9.1 29.6 46.3 79.9 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 Disbursements 6.8 6.7 10.4 7.3 17.8 25.5 25.2 78.9 Public and publicly guaranteed 6.8 6.7 10.4 7.3 17.8 25.5 25.2 78.9 Official creditors 6.8 6.7 10.4 7.3 17.8 25.5 25.2 78.9 Multilateral 6.6 6.7 10.4 7.3 9.3 5.9 8.5 47.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.7 5.7 7.7 3.5 6.9 3.1 1.8 21.9 Bilateral 0.2 0.0 0.0 0.0 8.6 19.6 16.7 31.1 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 3.0 4.2 4.3 4.9 5.3 6.0 6.0 7.2 Public and publicly guaranteed 3.0 4.2 4.3 4.9 5.3 6.0 6.0 7.2 Official creditors 3.0 4.2 4.3 4.9 5.3 6.0 6.0 7.2 Multilateral 2.6 3.3 3.9 4.7 5.2 5.9 6.0 7.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.7 1.0 1.1 1.2 1.3 1.5 1.9 Bilateral 0.3 0.9 0.3 0.2 0.0 0.1 0.0 0.1 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 1.6 1.3 1.5 2.1 1.6 2.1 2.5 3.3 Public and publicly guaranteed 1.6 1.3 1.5 2.1 1.6 2.1 2.5 3.3 Official creditors 1.6 1.3 1.5 2.1 1.6 2.1 2.5 3.3 Multilateral 1.5 1.2 1.5 2.1 1.6 1.8 1.7 1.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.3 0.6 0.5 0.6 0.6 0.6 0.6 Bilateral 0.1 0.0 0.0 0.0 0.0 0.3 0.8 1.6 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 5.5 -8.7 -7.3 -3.7 22.2 19.7 29.9 72.5 Net flows on external debt 3.8 2.5 6.1 2.4 12.6 19.6 28.1 71.6 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 12.2 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 7.2 8.4 9.3 12.9 14.3 16.0 17.3 19.9 Interest 3.6 3.7 3.8 3.8 3.8 3.8 3.6 3.5 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: Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2008, 2009, and 2010 are $1.1 billion, $1.2 billion, and $2.1 billion respectively. 251 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 245.7 304.0 334.7 350.6 165.2 130.8 148.8 170.2 Long-term external debt 231.8 278.3 317.1 331.4 143.5 108.7 125.0 145.3 Public and publicly guaranteed 231.8 278.3 317.1 331.4 143.5 108.7 125.0 145.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.8 2.5 3.2 4.1 2.6 3.8 4.5 4.9 Short-term external debt 13.0 23.3 14.4 15.1 19.2 18.2 19.4 19.9 interest arrears on long-term 6.0 11.3 14.4 14.1 8.2 8.2 8.4 5.9 Memorandum items Principal arrears on long-term 27.2 47.7 55.8 69.6 71.6 66.0 63.9 67.7 Long-term public sector debt 231.8 278.3 317.1 331.4 143.5 108.7 120.0 140.3 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 5.0 5.0 Public & publicly guaranteed commitments 0.0 18.2 0.0 0.0 5.0 3.9 10.0 66.3 External debt flows Disbursements 13.0 11.9 6.1 3.9 5.5 6.6 19.4 20.3 Long-term external debt 13.0 9.4 5.4 2.7 4.2 5.2 18.8 19.8 IMF purchases 0.0 2.5 0.6 1.2 1.3 1.3 0.6 0.6 Principal repayments 1.1 2.2 4.6 5.1 5.0 1.7 1.7 1.2 Long-term external debt 0.8 2.2 4.4 4.6 4.2 1.7 1.7 1.2 IMF repurchases 0.2 0.0 0.1 0.6 0.8 0.0 0.0 0.0 Net flows 12.9 9.7 1.5 -0.2 10.5 3.9 18.7 22.1 Long-term external debt 12.2 7.2 1.0 -1.9 -0.1 3.5 17.1 18.6 Short-term external debt 1.0 0.0 0.0 1.0 10.0 -1.0 1.0 3.0 Interest payments 1.2 2.1 2.1 1.9 1.4 0.6 0.3 0.4 Long-term external debt 0.9 1.2 2.1 1.8 1.2 0.3 0.3 0.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.3 0.9 0.0 0.0 0.3 0.3 0.0 0.2 2. Other non-debt resource inflows Foreign direct investment 0.0 3.8 16.2 27.5 22.0 56.7 7.5 3.0 Portfolio equity 0.0 0.0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 6.2 6.6 3.8 4.5 3.8 14.9 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 4.7 5.2 5.3 13.4 18.7 16.8 15.8 U.S.dollars 40.0 43.7 45.0 44.8 64.7 53.7 58.8 50.8 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.9 0.0 0.0 4.6 0.8 0.0 1.9 Maturity (years) 0.0 39.4 0.0 0.0 20.0 22.8 29.8 29.9 Grace period (years) 0.0 10.1 0.0 0.0 8.0 7.0 5.8 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) .. .. 111.8 126.5 149.6 174.8 192.0 199.6 Exports of goods, services & income .. 16.8 17.9 22.3 20.3 19.4 21.3 24.7 Worker remit. & comp. of employees .. 0.5 1.5 1.6 2.0 3.0 2.0 2.0 Imports of goods, services & income .. 41.2 57.6 80.1 85.8 115.6 104.7 126.9 Profit remittances on FDI 0.0 0.0 .. .. .. .. .. .. Current account balance .. -20.1 -36.2 -57.7 -64.3 -93.5 -78.8 -99.6 International reserves 5.1 11.6 26.7 34.2 39.3 .. .. .. 6. Ratios External debt stocks to exports (%) .. 1806.6 1868.5 1574.6 814.8 672.4 699.0 688.9 External debt stocks to GNI (%) .. .. 299.3 277.1 110.4 74.8 77.5 85.3 Debt service to exports (%) .. 25.6 37.0 31.5 31.7 12.0 9.7 6.5 Short-term to external debt stocks (%) 5.3 7.7 4.3 4.3 11.6 13.9 13.0 11.7 Multilateral to external debt stocks (%) 61.9 55.7 59.0 57.9 22.8 27.4 24.7 21.9 Reserves to external debt stocks (%) 2.1 3.8 8.0 9.7 23.8 .. .. .. Reserves to imports (months) .. 3.4 5.6 5.1 5.5 .. .. .. 252 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 231.8 278.3 317.1 331.4 143.5 108.7 125.0 145.3 Public and publicly guaranteed 231.8 278.3 317.1 331.4 143.5 108.7 125.0 145.3 Official creditors 231.8 278.3 317.1 331.4 143.5 108.7 125.0 145.3 Multilateral 152.0 169.3 197.4 203.2 37.7 35.9 36.7 37.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 53.6 58.9 72.4 76.4 10.7 13.3 14.4 14.2 Bilateral 79.9 109.0 119.7 128.3 105.8 72.9 88.3 108.0 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 Disbursements 13.0 9.4 5.4 2.7 4.2 5.2 18.8 19.8 Public and publicly guaranteed 13.0 9.4 5.4 2.7 4.2 5.2 18.8 19.8 Official creditors 13.0 9.4 5.4 2.7 4.2 5.2 18.8 19.8 Multilateral 13.0 8.4 5.4 2.7 4.2 5.2 3.8 2.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 5.6 1.7 2.5 1.9 2.6 2.7 1.0 0.1 Bilateral 0.0 1.0 0.0 0.0 0.0 0.0 15.0 17.4 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 0.8 2.2 4.4 4.6 4.2 1.7 1.7 1.2 Public and publicly guaranteed 0.8 2.2 4.4 4.6 4.2 1.7 1.7 1.2 Official creditors 0.8 2.2 4.4 4.6 4.2 1.7 1.7 1.2 Multilateral 0.8 1.9 2.1 3.8 4.2 1.7 1.4 1.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.5 0.1 0.1 0.0 0.0 0.0 0.0 Bilateral 0.0 0.3 2.4 0.8 0.0 0.0 0.3 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 0.9 1.2 2.1 1.8 1.2 0.3 0.3 0.3 Public and publicly guaranteed 0.9 1.2 2.1 1.8 1.2 0.3 0.3 0.3 Official creditors 0.9 1.2 2.1 1.8 1.2 0.3 0.3 0.3 Multilateral 0.8 1.2 1.4 1.5 1.2 0.3 0.3 0.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.5 0.5 0.4 0.1 0.1 0.1 0.1 Bilateral 0.1 0.0 0.7 0.3 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 8. Debt stock-flow reconciliation Total change in external debt stocks 22.9 -16.9 -25.4 15.9 -185.4 -34.4 18.0 21.4 Net flows on external debt 12.9 9.7 1.5 -0.2 10.5 3.9 18.7 22.1 9. Debt restructurings Total amount rescheduled 30.3 7.2 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 11.4 2.9 1.4 196.2 42.1 2.0 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 4.3 4.3 4.3 3.9 4.6 2.6 2.6 2.7 Interest 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 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 for 2010 include the effects of HIPC debt reliefs in the amount of $37 thousand. 253 SENEGAL (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 3,916 3,622 3,831 1,905 2,553 2,820 3,499 3,677 Long-term external debt 3,309 3,221 3,646 1,794 2,193 2,559 3,314 3,464 Public and publicly guaranteed 3,266 3,208 3,505 1,644 1,993 2,378 2,957 3,155 Private nonguaranteed 44 13 141 151 200 180 357 308 Use of IMF credit 347 255 148 26 27 64 167 213 Short-term external debt 260 146 36 84 332 197 18 0 interest arrears on long-term 9 1 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 51 17 10 18 15 5 5 6 Long-term public sector debt 3,234 3,208 3,505 1,644 1,993 2,378 2,957 3,155 Long-term private sector debt 76 13 141 151 200 180 357 308 Public & publicly guaranteed commitments 333 241 327 534 294 567 774 309 External debt flows Disbursements 256 156 387 280 497 560 935 485 Long-term external debt 173 137 382 259 497 522 835 436 IMF purchases 83 19 5 20 0 38 100 49 Principal repayments 196 148 145 111 126 125 148 227 Long-term external debt 156 127 112 111 126 125 148 227 IMF repurchases 41 21 34 0 0 0 0 1 Net flows 87 -153 242 217 619 300 608 240 Long-term external debt 17 10 270 149 371 397 688 209 Short-term external debt 28 -161 0 48 248 -135 -179 -18 Interest payments 87 76 57 74 63 55 52 75 Long-term external debt 70 58 55 70 50 49 50 75 IMF charges 3 1 1 0 0 0 0 0 Short-term external debt 14 17 2 4 12 6 1 0 2. Other non-debt resource inflows Foreign direct investment 32 63 45 220 297 398 208 237 Portfolio equity 4 -2 -6 0 8 -93 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 10.9 8.8 9.9 15.9 17.7 18.8 Japanese yen 3.6 3.5 2.7 5.2 0.0 0.2 0.2 0.2 Pound sterling 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 35.8 45.0 59.4 40.2 40.9 36.9 39.5 38.3 4. Average terms of new commitments Official creditors Interest (%) 1.2 0.8 1.2 0.9 1.9 2.7 1.2 1.0 Maturity (years) 37.6 40.1 34.0 33.9 23.5 23.4 34.7 36.0 Grace period (years) 9.1 9.9 7.6 8.5 5.8 6.7 8.4 9.4 Private creditors Interest (%) 0.0 3.0 0.0 6.3 0.0 0.0 8.8 0.0 Maturity (years) 0.0 9.3 0.0 9.0 0.0 0.0 5.0 0.0 Grace period (years) 0.0 2.8 0.0 0.4 0.0 0.0 5.0 0.0 5. Major economic aggregates Gross national income (GNI) 4,724 4,601 8,546 9,290 11,238 13,163 12,747 12,900 Exports of goods, services & income 1,593 1,383 2,451 2,522 3,013 3,736 .. .. Worker remit. & comp. of employees 146 233 789 925 1,192 1,476 1,365 1,346 Imports of goods, services & income 2,033 1,929 3,880 4,220 5,614 7,304 .. .. Profit remittances on FDI 62 75 62 70 78 123 .. .. Current account balance -244 -332 -676 -861 -1,312 -1,884 .. .. International reserves 272 388 1,186 1,334 1,660 1,602 2,123 2,047 6. Ratios External debt stocks to exports (%) 245.8 261.9 156.3 75.5 84.7 75.5 .. .. External debt stocks to GNI (%) 82.9 78.7 44.8 20.5 22.7 21.4 27.4 28.5 Debt service to exports (%) 17.8 16.2 8.3 7.3 6.3 4.8 .. .. Short-term to external debt stocks (%) 6.6 4.0 0.9 4.4 13.0 7.0 0.5 0.0 Multilateral to external debt stocks (%) 48.2 52.8 73.5 51.7 54.1 55.1 51.6 53.7 Reserves to external debt stocks (%) 6.9 10.7 31.0 70.1 65.0 56.8 60.7 55.7 Reserves to imports (months) 1.6 2.4 3.7 3.8 3.5 2.6 .. .. 254 SENEGAL (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,309 3,221 3,646 1,794 2,193 2,559 3,314 3,464 Public and publicly guaranteed 3,266 3,208 3,505 1,644 1,993 2,378 2,957 3,155 Official creditors 3,194 3,203 3,496 1,632 1,986 2,374 2,755 2,955 Multilateral 1,889 1,913 2,816 985 1,382 1,553 1,806 1,976 of which: IBRD 35 1 0 0 0 0 0 0 IDA 1,126 1,330 2,045 495 652 780 921 1,017 Bilateral 1,305 1,291 680 648 604 821 949 979 Private creditors 72 5 9 11 7 4 202 200 of which: Bonds 0 0 0 0 0 0 200 200 Commercial banks 66 5 9 11 7 4 2 0 Private nonguaranteed 44 13 141 151 200 180 357 308 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 173 137 382 259 497 522 835 436 Public and publicly guaranteed 172 136 333 225 472 518 627 353 Official creditors 172 131 333 220 472 518 427 353 Multilateral 144 119 262 193 395 243 264 250 of which: IBRD 0 0 0 0 0 0 0 0 IDA 107 92 182 131 133 135 137 113 Bilateral 28 12 71 28 78 275 162 103 Private creditors 0 5 0 4 0 0 200 0 of which: Bonds 0 0 0 0 0 0 200 0 Commercial banks 0 5 0 4 0 0 0 0 Private nonguaranteed 1 1 49 35 24 4 208 83 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 156 127 112 111 126 125 148 227 Public and publicly guaranteed 150 125 83 96 72 86 98 82 Official creditors 129 124 81 94 67 84 96 80 Multilateral 98 68 40 49 38 44 60 45 of which: IBRD 12 3 0 0 0 0 0 0 IDA 6 11 12 7 0 1 2 4 Bilateral 31 57 41 45 30 40 35 35 Private creditors 21 0 2 3 4 3 3 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 12 0 2 3 4 3 3 2 Private nonguaranteed 5 3 29 14 54 39 49 144 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 70 58 55 70 50 49 50 75 Public and publicly guaranteed 69 58 45 61 34 36 41 64 Official creditors 65 58 44 60 33 36 41 46 Multilateral 38 26 31 49 25 23 22 22 of which: IBRD 3 0 0 0 0 0 0 0 IDA 8 8 16 10 5 5 6 7 Bilateral 27 32 13 11 9 12 19 24 Private creditors 3 0 1 1 1 0 0 18 of which: Bonds 0 0 0 0 0 0 0 18 Commercial banks 2 0 1 1 1 0 0 0 Private nonguaranteed 1 0 10 9 16 13 9 11 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 218 -346 -75 -1,926 648 267 679 178 Net flows on external debt 87 -153 242 217 619 300 608 240 9. Debt restructurings Total amount rescheduled 258 0 31 262 4 2 0 0 Total amount forgiven 27 24 49 2,442 146 3 0 23 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 162 173 176 135 145 152 156 157 Interest 46 44 42 39 38 37 35 33 Private creditors Principal 62 62 62 262 62 0 0 0 Interest 22 21 20 19 1 0 0 0 Notes: Senegal was granted debt relief effective in 2006 under MDRI. 255 SERBIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 10,785 11,499 16,078 19,801 26,122 30,406 33,111 32,222 Long-term external debt 8,562 6,789 12,970 17,560 23,873 26,719 27,910 27,389 Public and publicly guaranteed 6,788 6,178 7,756 7,752 8,469 8,399 8,835 9,477 Private nonguaranteed 1,773 611 5,214 9,808 15,404 18,320 19,076 17,912 Use of IMF credit 84 152 866 0 0 0 1,601 2,034 Short-term external debt 2,139 4,558 2,242 2,241 2,249 3,687 3,600 2,798 interest arrears on long-term 1,396 3,668 728 584 703 704 712 352 Memorandum items Principal arrears on long-term 4,182 5,275 805 732 1,250 1,625 1,832 1,976 Long-term public sector debt 6,693 6,095 7,756 7,752 8,463 8,376 8,780 9,370 Long-term private sector debt 1,869 694 5,214 9,808 15,410 18,343 19,130 18,019 Public & publicly guaranteed commitments 0 71 350 668 511 433 2,510 2,232 External debt flows Disbursements 0 376 3,088 5,283 6,661 6,996 6,104 5,052 Long-term external debt 0 222 2,904 5,283 6,661 6,996 4,529 4,594 IMF purchases 0 154 185 0 0 0 1,575 458 Principal repayments 0 73 776 1,558 2,334 3,486 3,613 3,431 Long-term external debt 0 0 570 1,319 2,334 3,486 3,613 3,431 IMF repurchases 0 73 206 239 0 0 0 0 Net flows 120 51 2,827 3,868 4,216 4,948 2,396 1,178 Long-term external debt 0 222 2,334 3,964 4,328 3,511 916 1,163 Short-term external debt 120 -252 515 143 -112 1,437 -95 -442 Interest payments 47 47 456 589 898 1,249 1,032 873 Long-term external debt 0 0 367 504 840 1,136 916 759 IMF charges 0 29 32 6 0 0 7 21 Short-term external debt 47 18 57 79 59 113 110 93 2. Other non-debt resource inflows Foreign direct investment 45 52 2,051 4,968 3,432 2,996 1,936 1,340 Portfolio equity .. .. .. .. 772 -57 22 84 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 32.3 35.5 37.8 37.6 42.4 46.6 Japanese yen 2.2 2.0 1.2 1.2 1.1 1.4 1.2 1.2 Pound sterling 0.7 0.5 0.2 0.2 0.1 0.1 0.1 0.1 Swiss franc 3.6 2.8 1.9 3.4 3.2 3.1 2.8 2.9 U.S.dollars 19.8 24.6 62.5 57.7 55.3 55.0 50.6 46.3 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.4 1.7 4.1 5.0 3.7 1.3 2.3 Maturity (years) 0.0 23.2 17.6 16.6 18.6 22.0 20.9 15.1 Grace period (years) 0.0 7.8 6.6 3.8 6.3 6.6 5.9 4.0 Private creditors Interest (%) 0.0 7.8 0.0 4.1 0.0 5.0 0.0 4.9 Maturity (years) 0.0 6.4 0.0 7.1 0.0 2.0 0.0 5.3 Grace period (years) 0.0 1.9 0.0 7.1 0.0 2.0 0.0 1.4 5. Major economic aggregates Gross national income (GNI) .. 6,082 24,910 28,806 38,555 47,501 40,965 38,235 Exports of goods, services & income .. .. .. .. 12,579 15,792 12,544 13,933 Worker remit. & comp. of employees .. .. .. .. 3,064 2,710 3,936 3,351 Imports of goods, services & income .. .. .. .. 23,401 29,927 20,348 21,169 Profit remittances on FDI .. .. .. .. 596 890 451 552 Current account balance .. .. .. .. -6,890 -10,395 -2,867 -2,819 International reserves .. 517 5,842 11,889 14,214 11,478 15,228 13,308 6. Ratios External debt stocks to exports (%) .. .. .. .. 207.7 192.5 264.0 231.3 External debt stocks to GNI (%) .. 189.1 64.5 68.7 67.8 64.0 80.8 84.3 Debt service to exports (%) .. .. .. .. 25.7 30.0 37.0 30.9 Short-term to external debt stocks (%) 19.8 39.6 13.9 11.3 8.6 12.1 10.9 8.7 Multilateral to external debt stocks (%) 12.2 12.5 22.1 20.0 17.2 15.0 13.3 15.0 Reserves to external debt stocks (%) .. 4.5 36.3 60.0 54.4 37.7 46.0 41.3 Reserves to imports (months) .. .. .. .. 7.3 4.6 9.0 7.5 256 SERBIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 8,562 6,789 12,970 17,560 23,873 26,719 27,910 27,389 Public and publicly guaranteed 6,788 6,178 7,756 7,752 8,469 8,399 8,835 9,477 Official creditors 4,588 4,243 6,679 6,622 7,289 7,223 7,660 8,144 Multilateral 1,311 1,440 3,559 3,958 4,504 4,554 4,404 4,848 of which: IBRD 1,252 1,097 2,147 2,127 2,326 2,276 1,783 1,818 IDA 0 0 486 553 625 655 676 681 Bilateral 3,277 2,803 3,119 2,664 2,786 2,669 3,256 3,296 Private creditors 2,200 1,935 1,077 1,129 1,180 1,175 1,175 1,332 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2,193 1,928 1,076 1,128 1,179 1,174 1,174 1,331 Private nonguaranteed 1,773 611 5,214 9,808 15,404 18,320 19,076 17,912 of which: Bonds 0 0 0 0 165 165 165 165 Disbursements 0 222 2,904 5,283 6,661 6,996 4,529 4,594 Public and publicly guaranteed 0 222 311 456 316 294 966 1,365 Official creditors 0 187 311 406 275 291 966 1,126 Multilateral 0 0 286 392 241 278 416 885 of which: IBRD 0 0 0 0 0 0 56 243 IDA 0 0 85 43 47 34 17 16 Bilateral 0 187 25 14 34 13 550 241 Private creditors 0 35 0 50 41 3 0 239 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 50 41 3 0 239 Private nonguaranteed 0 0 2,593 4,828 6,345 6,703 3,562 3,230 of which: Bonds 0 0 0 0 165 0 0 0 Principal repayments 0 0 570 1,319 2,334 3,486 3,613 3,431 Public and publicly guaranteed 0 0 48 278 184 181 158 351 Official creditors 0 0 48 278 184 180 154 275 Multilateral 0 0 31 264 91 118 87 176 of which: IBRD 0 0 17 242 17 22 0 71 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 16 13 93 62 67 98 Private creditors 0 0 0 0 0 1 4 76 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 1 4 76 Private nonguaranteed 0 0 522 1,041 2,149 3,305 3,454 3,081 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 0 0 367 504 840 1,136 916 759 Public and publicly guaranteed 0 0 237 264 415 354 348 321 Official creditors 0 0 194 219 369 328 303 241 Multilateral 0 0 134 143 174 186 175 113 of which: IBRD 0 0 99 106 112 96 98 44 IDA 0 0 4 4 5 5 5 5 Bilateral 0 0 60 76 195 142 128 128 Private creditors 0 0 44 45 46 26 45 80 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 44 45 46 26 45 80 Private nonguaranteed 0 0 129 240 425 782 568 438 of which: Bonds 0 0 0 0 7 10 10 10 8. Debt stock-flow reconciliation Total change in external debt stocks -315 599 1,604 3,722 6,322 4,284 2,705 -890 Net flows on external debt 120 51 2,827 3,868 4,216 4,948 2,396 1,178 9. Debt restructurings Total amount rescheduled 0 0 8 0 0 0 205 0 Total amount forgiven 0 0 59 610 14 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 403 503 622 688 756 797 751 789 Interest 200 211 212 208 198 186 171 156 Private creditors Principal 4,054 3,140 2,580 2,279 1,684 1,306 566 551 Interest 638 524 435 338 251 171 125 97 Notes: Beginning 2006, the DRS data for Serbia exclude Montenegro. Short-term debt is based on Central Bank data. 257 SEYCHELLES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 198 304 671 1,097 1,410 1,501 1,723 1,510 Long-term external debt 185 220 398 504 626 650 736 498 Public and publicly guaranteed 185 220 398 504 626 650 736 498 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 9 19 31 Short-term external debt 13 84 273 593 784 842 968 980 interest arrears on long-term 2 5 57 48 60 78 110 24 Memorandum items Principal arrears on long-term 20 21 116 101 113 114 234 45 Long-term public sector debt 185 220 398 504 626 650 736 498 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 9 32 56 248 141 104 40 25 External debt flows Disbursements 17 38 59 211 151 94 43 62 Long-term external debt 17 38 59 211 151 84 34 49 IMF purchases 0 0 0 0 0 10 9 13 Principal repayments 16 10 41 124 46 53 43 9 Long-term external debt 16 10 41 124 46 53 43 9 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -9 71 180 416 284 81 93 151 Long-term external debt 1 29 18 87 105 31 -10 40 Short-term external debt -10 42 162 329 179 40 94 98 Interest payments 8 11 18 53 64 39 18 40 Long-term external debt 7 7 11 29 28 21 8 28 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 1 4 7 24 36 18 10 12 2. Other non-debt resource inflows Foreign direct investment 46 24 86 146 249 241 275 369 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.7 12.9 23.1 20.0 29.7 22.6 Japanese yen 0.0 2.1 1.8 1.2 1.0 1.2 1.0 0.0 Pound sterling 7.8 6.5 4.2 3.7 2.8 2.0 3.5 2.2 Swiss franc 6.0 4.5 2.9 2.5 2.0 2.1 1.9 0.0 U.S.dollars 14.1 35.6 55.3 67.7 61.5 65.8 55.4 60.4 4. Average terms of new commitments Official creditors Interest (%) 4.3 3.3 2.0 4.9 4.2 2.0 1.4 2.4 Maturity (years) 18.2 12.3 14.4 14.0 11.2 13.8 21.4 25.2 Grace period (years) 4.7 2.4 4.8 3.8 5.0 3.0 6.7 10.2 Private creditors Interest (%) 0.0 4.4 6.1 9.1 2.8 5.1 7.1 2.5 Maturity (years) 0.0 9.2 5.9 5.1 3.4 2.8 5.1 18.4 Grace period (years) 0.0 2.5 0.9 4.6 2.1 0.4 0.2 6.9 5. Major economic aggregates Gross national income (GNI) 489 583 844 924 955 836 702 855 Exports of goods, services & income 345 492 729 861 874 979 841 845 Worker remit. & comp. of employees 1 3 12 13 11 8 12 11 Imports of goods, services & income 350 545 935 1,038 1,187 1,449 1,152 1,354 Profit remittances on FDI 14 8 20 25 29 46 48 52 Current account balance 1 -43 -174 -134 -264 -407 -253 -484 International reserves 27 44 56 113 41 64 191 236 6. Ratios External debt stocks to exports (%) 57.4 61.7 92.0 127.5 161.4 153.3 204.9 178.7 External debt stocks to GNI (%) 40.5 52.1 79.5 118.7 147.7 179.5 245.5 176.7 Debt service to exports (%) 6.9 4.2 8.0 20.6 12.6 9.4 7.3 5.7 Short-term to external debt stocks (%) 6.6 27.7 40.7 54.1 55.6 56.1 56.2 64.9 Multilateral to external debt stocks (%) 31.9 19.0 10.7 3.8 3.6 2.9 2.6 4.9 Reserves to external debt stocks (%) 13.7 14.4 8.4 10.3 2.9 4.3 11.1 15.6 Reserves to imports (months) 0.9 1.0 0.7 1.3 0.4 0.5 2.0 2.1 258 SEYCHELLES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 185 220 398 504 626 650 736 498 Public and publicly guaranteed 185 220 398 504 626 650 736 498 Official creditors 149 159 224 207 210 196 300 248 Multilateral 63 58 72 42 51 44 45 74 of which: IBRD 5 3 2 0 0 0 0 17 IDA 0 0 0 0 0 0 0 0 Bilateral 85 101 152 165 159 152 255 174 Private creditors 36 61 175 297 416 453 436 250 of which: Bonds 0 0 0 200 311 305 307 169 Commercial banks 22 50 86 73 85 135 115 67 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 17 38 59 211 151 84 34 49 Public and publicly guaranteed 17 38 59 211 151 84 34 49 Official creditors 17 19 8 6 11 4 25 33 Multilateral 9 7 5 3 11 0 16 33 of which: IBRD 1 0 0 0 0 0 0 18 IDA 0 0 0 0 0 0 0 0 Bilateral 7 12 3 3 0 4 9 0 Private creditors 0 19 51 204 140 80 9 16 of which: Bonds 0 0 0 200 105 0 0 0 Commercial banks 0 19 48 4 35 80 9 16 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 16 10 41 124 46 53 43 9 Public and publicly guaranteed 16 10 41 124 46 53 43 9 Official creditors 7 5 11 42 20 15 18 6 Multilateral 4 2 2 36 4 6 16 3 of which: IBRD 1 1 1 2 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 3 3 9 6 16 8 2 3 Private creditors 9 5 30 82 26 38 25 3 of which: Bonds 0 0 0 0 0 2 0 0 Commercial banks 5 2 14 17 23 31 25 3 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 7 7 11 29 28 21 8 28 Public and publicly guaranteed 7 7 11 29 28 21 8 28 Official creditors 5 2 3 22 3 4 4 2 Multilateral 4 1 1 20 2 2 2 1 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 1 1 2 2 1 1 2 1 Private creditors 2 5 8 7 25 18 4 26 of which: Bonds 0 0 0 0 19 10 0 20 Commercial banks 1 4 4 2 5 7 4 5 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 -2 52 227 426 312 92 221 -213 Net flows on external debt -9 71 180 416 284 81 93 151 9. Debt restructurings Total amount rescheduled 0 0 26 7 0 4 103 243 Total amount forgiven 0 0 7 0 0 0 8 192 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 14 14 17 21 17 17 16 15 Interest 3 2 2 2 2 2 1 1 Private creditors Principal 3 6 8 8 8 17 25 22 Interest 6 6 6 6 6 6 5 5 259 SIERRA LEONE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1219.6 1189.8 1750.8 1473.9 523.6 607.1 701.0 778.0 Long-term external debt 1027.7 972.8 1538.2 1428.4 482.1 544.9 604.8 660.9 Public and publicly guaranteed 1027.7 972.8 1538.2 1428.4 482.1 544.9 604.8 660.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 164.9 173.6 192.1 34.8 36.5 53.2 73.2 113.0 Short-term external debt 26.9 43.5 20.6 10.7 5.1 9.0 23.0 4.1 interest arrears on long-term 6.9 36.3 10.6 10.7 0.1 0.0 0.0 0.1 Memorandum items Principal arrears on long-term 107.6 66.0 246.4 249.6 220.0 219.7 219.5 219.5 Long-term public sector debt 943.6 972.8 1538.2 1428.4 482.1 544.9 604.8 660.9 Long-term private sector debt 84.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 47.7 65.0 42.6 48.2 64.9 67.2 92.1 95.6 External debt flows Disbursements 114.8 90.3 71.4 40.3 31.4 87.0 81.0 109.3 Long-term external debt 95.0 76.6 50.7 26.9 31.4 68.9 62.2 66.5 IMF purchases 19.8 13.7 20.7 13.4 0.0 18.0 18.8 42.8 Principal repayments 60.1 34.9 7.3 12.3 5.1 2.4 3.4 7.0 Long-term external debt 56.6 9.6 4.8 7.8 5.1 2.4 3.4 4.9 IMF repurchases 3.5 25.2 2.4 4.5 0.0 0.0 0.0 2.1 Net flows 54.7 56.8 54.2 18.0 31.4 88.5 91.6 83.3 Long-term external debt 38.4 66.9 45.9 19.1 26.4 66.5 58.8 61.6 Short-term external debt 0.0 1.4 -10.0 -10.0 5.0 4.0 14.0 -19.0 Interest payments 22.0 11.8 10.3 11.3 4.7 3.3 4.5 4.1 Long-term external debt 19.8 8.9 9.1 10.4 4.4 2.9 3.7 4.0 IMF charges 0.8 2.5 0.9 1.0 0.2 0.2 0.3 0.0 Short-term external debt 1.4 0.4 0.4 0.0 0.1 0.2 0.5 0.1 2. Other non-debt resource inflows Foreign direct investment 7.3 39.0 83.2 58.8 96.6 57.6 74.3 86.6 Portfolio equity 0.0 0.0 .. .. .. .. 5.6 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 10.4 8.8 5.2 3.9 3.2 2.4 Japanese yen 7.6 7.1 7.4 7.9 0.0 0.0 0.0 0.0 Pound sterling 0.5 0.6 0.3 0.3 0.0 0.0 0.0 0.0 Swiss franc 2.9 2.2 1.5 1.8 0.1 0.0 0.0 0.0 U.S.dollars 41.0 44.9 55.0 53.0 68.3 64.5 63.9 64.3 4. Average terms of new commitments Official creditors Interest (%) 0.6 0.8 1.0 1.2 1.1 1.0 1.4 0.8 Maturity (years) 32.6 39.8 34.1 25.5 21.8 31.9 29.7 32.5 Grace period (years) 7.8 10.3 8.5 8.4 5.5 9.2 8.9 8.6 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) 818.5 616.1 1176.0 1364.2 1629.1 1915.7 1856.4 1905.0 Exports of goods, services & income 129.0 62.5 267.2 316.7 377.5 352.6 339.8 432.6 Worker remit. & comp. of employees 23.7 7.1 2.4 15.6 42.0 27.5 46.8 57.5 Imports of goods, services & income 290.3 262.4 509.3 489.0 641.0 689.1 681.3 937.7 Profit remittances on FDI 11.3 1.8 41.2 27.3 121.8 76.0 39.0 46.2 Current account balance -118.1 -112.3 -104.9 -95.0 -160.1 -225.4 -193.8 -320.1 International reserves 34.6 49.2 170.5 183.9 216.6 220.2 405.0 409.0 6. Ratios External debt stocks to exports (%) 945.2 1904.6 655.3 465.4 138.7 172.2 206.3 179.9 External debt stocks to GNI (%) 149.0 193.1 148.9 108.0 32.1 31.7 37.8 40.8 Debt service to exports (%) 63.6 74.8 6.6 7.5 2.6 1.6 2.3 2.6 Short-term to external debt stocks (%) 2.2 3.7 1.2 0.7 1.0 1.5 3.3 0.5 Multilateral to external debt stocks (%) 35.6 48.4 49.3 57.8 42.5 45.0 46.0 47.7 Reserves to external debt stocks (%) 2.8 4.1 9.7 12.5 41.4 36.3 57.8 52.6 Reserves to imports (months) 1.4 2.3 4.0 4.5 4.1 3.8 7.1 5.2 260 SIERRA LEONE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1027.7 972.8 1538.2 1428.4 482.1 544.9 604.8 660.9 Public and publicly guaranteed 1027.7 972.8 1538.2 1428.4 482.1 544.9 604.8 660.9 Official creditors 935.5 967.5 1325.5 1217.2 271.0 333.8 393.7 449.8 Multilateral 433.6 576.0 863.6 852.1 222.7 273.0 322.3 371.2 of which: IBRD 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 231.3 353.7 558.6 533.5 83.6 108.4 124.3 154.6 Bilateral 501.9 391.5 461.9 365.1 48.3 60.8 71.4 78.5 Private creditors 92.2 5.3 212.7 211.2 211.1 211.1 211.1 211.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 211.1 211.1 211.1 211.1 211.1 211.1 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 95.0 76.6 50.7 26.9 31.4 68.9 62.2 66.5 Public and publicly guaranteed 95.0 76.6 50.7 26.9 31.4 68.9 62.2 66.5 Official creditors 95.0 76.6 50.7 26.9 31.4 68.9 62.2 66.5 Multilateral 87.3 74.4 49.5 25.5 27.5 55.6 51.0 59.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 44.0 70.1 18.7 16.3 14.2 25.7 15.1 32.1 Bilateral 7.7 2.2 1.3 1.4 3.9 13.4 11.2 7.1 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 56.6 9.6 4.8 7.8 5.1 2.4 3.4 4.9 Public and publicly guaranteed 56.6 9.6 4.8 7.8 5.1 2.4 3.4 4.9 Official creditors 28.2 9.6 4.8 7.8 5.1 2.4 3.4 4.9 Multilateral 3.5 7.5 1.8 5.0 2.5 1.3 2.0 3.9 of which: IBRD 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.6 1.8 0.2 0.4 0.0 0.0 0.0 0.0 Bilateral 24.7 2.2 3.1 2.8 2.5 1.2 1.3 1.0 Private creditors 28.4 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 28.4 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 19.8 8.9 9.1 10.4 4.4 2.9 3.7 4.0 Public and publicly guaranteed 19.8 8.9 9.1 10.4 4.4 2.9 3.7 4.0 Official creditors 19.8 8.9 9.1 10.4 4.4 2.9 3.7 4.0 Multilateral 2.9 3.5 5.9 6.5 2.8 2.2 2.6 2.8 of which: IBRD 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.6 2.3 3.5 3.5 0.6 0.7 0.8 0.9 Bilateral 16.9 5.4 3.1 3.9 1.6 0.7 1.1 1.1 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 -309.6 -70.8 123.2 -276.9 -950.3 83.4 93.9 77.0 Net flows on external debt 54.7 56.8 54.2 18.0 31.4 88.5 91.6 83.3 9. Debt restructurings Total amount rescheduled 29.3 0.4 4.7 4.6 8.8 8.1 11.6 0.0 Total amount forgiven 329.4 0.0 34.2 256.2 958.7 7.0 3.6 3.5 Debt buyback 29.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 14.2 16.4 15.2 17.6 20.8 22.2 37.1 34.1 Interest 5.2 6.0 6.2 6.3 6.3 6.1 5.7 5.1 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 public and publicly guaranteed debt owed to commercial banks are revised from 2005. Data include the effects of Paris Club debt restructuring agreement signed in 2007. Data for 2007 include the effects of MDRI and HIPC debt relief, in the amount of $526 million. 261 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 158.7 155.4 166.5 173.5 177.3 165.9 155.9 215.5 Long-term external debt 149.1 152.1 151.2 157.9 173.9 162.8 154.4 201.9 Public and publicly guaranteed 100.3 120.7 144.2 150.9 148.1 137.1 132.9 125.3 Private nonguaranteed 48.8 31.5 7.0 7.0 25.9 25.8 21.5 76.6 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.6 Short-term external debt 9.7 3.2 15.3 15.6 3.4 3.1 1.5 4.0 interest arrears on long-term 8.4 1.8 12.3 13.6 3.4 3.1 1.5 4.0 Memorandum items Principal arrears on long-term 11.4 3.3 11.4 13.7 13.0 9.4 8.9 9.1 Long-term public sector debt 100.3 120.7 144.2 150.9 148.1 137.1 132.9 125.3 Long-term private sector debt 48.8 31.5 7.0 7.0 25.9 25.8 21.5 76.6 Public & publicly guaranteed commitments 12.3 4.0 0.4 0.6 0.0 0.0 0.0 0.0 External debt flows Disbursements 11.8 3.4 5.7 5.1 24.5 1.1 13.7 46.4 Long-term external debt 11.8 3.4 5.7 5.1 24.5 1.1 13.7 36.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.5 Principal repayments 6.5 6.2 10.0 2.8 10.7 10.8 7.6 17.5 Long-term external debt 6.5 6.2 10.0 2.8 10.7 10.8 7.6 17.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 4.5 -4.4 -2.3 1.2 11.8 -9.7 6.1 28.9 Long-term external debt 5.3 -2.9 -4.3 2.2 13.8 -9.7 6.1 19.4 Short-term external debt -0.8 -1.5 2.0 -1.0 -2.0 0.0 0.0 0.0 Interest payments 1.6 2.9 4.0 1.5 3.3 4.3 2.4 3.2 Long-term external debt 1.5 2.7 3.9 1.3 3.2 4.3 2.4 3.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.1 0.1 0.1 0.2 0.1 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 2.0 13.0 18.6 34.1 64.4 94.9 117.6 237.8 Portfolio equity 0.0 0.0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.1 7.6 9.2 7.2 7.3 5.1 Japanese yen 3.8 3.4 2.8 2.6 0.0 0.0 0.0 0.0 Pound sterling 6.4 2.9 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 53.9 67.1 73.7 73.9 75.4 78.0 77.7 79.2 4. Average terms of new commitments Official creditors Interest (%) 3.4 0.8 0.0 0.0 0.0 0.0 3.5 0.0 Maturity (years) 18.9 40.0 0.0 0.0 0.0 0.0 24.5 0.0 Grace period (years) 3.6 10.5 0.0 0.0 0.0 0.0 3.5 0.0 Private creditors Interest (%) 7.8 0.0 5.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 10.2 0.0 5.1 4.0 0.0 0.0 0.0 0.0 Grace period (years) 0.7 0.0 0.0 0.6 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 320.7 435.5 415.5 460.9 549.7 551.5 473.1 554.7 Exports of goods, services & income 211.3 128.8 154.9 179.6 237.7 289.7 248.8 349.1 Worker remit. & comp. of employees .. 4.3 7.2 1.9 2.1 1.7 2.4 2.9 Imports of goods, services & income 239.4 176.4 250.1 294.9 411.4 524.0 476.2 676.9 Profit remittances on FDI 6.8 8.3 5.3 23.6 41.0 103.5 125.4 .. Current account balance 8.3 -41.0 -90.2 -42.7 -80.9 -124.4 -120.8 -196.6 International reserves 15.9 32.0 95.4 104.4 119.1 89.5 146.0 265.8 6. Ratios External debt stocks to exports (%) 75.1 120.6 107.5 96.6 74.6 57.3 62.7 61.7 External debt stocks to GNI (%) 49.5 35.7 40.1 37.6 32.3 30.1 33.0 38.8 Debt service to exports (%) 3.8 7.1 9.1 2.4 5.9 5.2 4.0 5.9 Short-term to external debt stocks (%) 6.1 2.1 9.2 9.0 1.9 1.8 1.0 1.9 Multilateral to external debt stocks (%) 50.1 64.6 64.3 65.6 68.6 68.5 71.5 49.0 Reserves to external debt stocks (%) 10.0 20.6 57.3 60.2 67.1 54.0 93.6 123.4 Reserves to imports (months) 0.8 2.2 4.6 4.2 3.5 2.1 3.7 4.7 262 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 149.1 152.1 151.2 157.9 173.9 162.8 154.4 201.9 Public and publicly guaranteed 100.3 120.7 144.2 150.9 148.1 137.1 132.9 125.3 Official creditors 95.1 117.3 143.8 149.9 147.5 136.6 132.7 125.2 Multilateral 79.5 100.4 107.0 113.7 121.7 113.7 111.5 105.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 25.9 38.4 43.4 44.9 45.8 44.5 43.7 41.7 Bilateral 15.6 16.9 36.8 36.2 25.8 23.0 21.2 19.6 Private creditors 5.2 3.4 0.4 1.0 0.6 0.4 0.2 0.1 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 0.0 0.0 0.0 0.0 Private nonguaranteed 48.8 31.5 7.0 7.0 25.9 25.8 21.5 76.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 11.8 3.4 5.7 5.1 24.5 1.1 13.7 36.8 Public and publicly guaranteed 9.1 3.4 5.7 5.1 4.5 0.1 0.0 0.0 Official creditors 4.8 3.4 5.3 4.4 4.5 0.1 0.0 0.0 Multilateral 4.8 1.4 5.3 4.4 4.5 0.1 0.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 3.2 0.6 0.9 0.3 0.0 0.0 0.0 0.0 Bilateral 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 4.2 0.0 0.4 0.6 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 2.8 0.0 0.0 0.0 20.0 1.0 13.7 36.8 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 6.5 6.2 10.0 2.8 10.7 10.8 7.6 17.5 Public and publicly guaranteed 1.8 2.7 5.8 2.8 8.3 10.8 6.5 8.6 Official creditors 1.3 2.7 3.2 2.8 7.9 10.7 6.3 8.4 Multilateral 0.6 1.1 2.0 2.1 2.6 7.8 4.6 6.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.8 0.9 1.0 1.0 1.1 1.2 Bilateral 0.7 1.6 1.2 0.6 5.3 2.8 1.7 1.6 Private creditors 0.5 0.0 2.6 0.1 0.4 0.1 0.2 0.2 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 4.7 3.5 4.2 0.0 2.4 0.0 1.1 8.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.5 2.7 3.9 1.3 3.2 4.3 2.4 3.2 Public and publicly guaranteed 0.9 0.8 1.7 1.3 3.2 4.3 1.8 1.7 Official creditors 0.8 0.8 1.7 1.3 3.2 4.3 1.8 1.7 Multilateral 0.5 0.7 0.8 0.8 0.9 2.8 1.0 1.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.3 0.3 0.3 0.3 0.4 0.3 0.3 Bilateral 0.3 0.1 0.9 0.4 2.3 1.5 0.8 0.7 Private creditors 0.1 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 0.6 1.9 2.3 0.0 0.0 0.0 0.5 1.5 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 3.8 -9.6 -10.6 7.1 3.8 -11.4 -10.0 59.6 Net flows on external debt 4.5 -4.4 -2.3 1.2 11.8 -9.7 6.1 28.9 9. Debt restructurings Total amount rescheduled 0.0 7.8 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 6.3 0.0 8.1 0.0 4.9 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 7.5 7.4 6.9 6.9 6.4 6.4 6.2 5.8 Interest 1.8 1.7 1.6 1.5 1.4 1.3 1.2 1.1 Private creditors Principal 6.8 6.8 6.8 6.8 6.8 6.8 6.8 6.8 Interest 0.3 0.3 0.2 0.2 0.2 0.2 0.1 0.1 263 SOMALIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 2,670 2,548 2,730 2,814 2,919 2,922 2,944 2,942 Long-term external debt 1,961 1,825 1,882 1,923 1,979 1,983 1,987 1,990 Public and publicly guaranteed 1,961 1,825 1,882 1,923 1,979 1,983 1,987 1,990 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 166 146 160 168 177 173 176 172 Short-term external debt 543 577 689 723 763 766 781 780 interest arrears on long-term 512 555 689 723 763 766 781 780 Memorandum items Principal arrears on long-term 1,120 1,218 1,423 1,481 1,554 1,580 1,614 1,646 Long-term public sector debt 1,961 1,825 1,882 1,923 1,979 1,983 1,987 1,990 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 0 0 0 0 0 0 0 External debt flows Disbursements 0 0 0 0 0 0 0 0 Long-term external debt 0 0 0 0 0 0 0 0 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 0 0 0 0 0 0 0 0 Long-term external debt 0 0 0 0 0 0 0 0 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 0 -7 0 0 0 0 0 0 Long-term external debt 0 0 0 0 0 0 0 0 Short-term external debt 0 -7 0 0 0 0 0 0 Interest payments 1 0 0 0 0 2 0 0 Long-term external debt 0 0 0 0 0 0 0 0 IMF charges 1 0 0 0 0 2 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 1 0 24 96 141 87 108 112 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.6 6.1 6.6 6.3 6.5 6.0 Japanese yen 3.1 3.0 2.8 2.7 2.8 3.5 3.4 3.8 Pound sterling 0.1 0.1 0.1 0.2 0.2 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.2 52.0 51.8 51.4 50.6 50.4 50.4 50.0 4. Average terms of new commitments Official 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 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) .. .. .. .. .. .. .. .. Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) .. .. .. .. .. .. .. .. Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 20.3 22.6 25.2 25.7 26.1 26.2 26.5 26.5 Multilateral to external debt stocks (%) 29.4 27.8 27.7 27.7 27.7 27.5 27.4 27.2 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 264 SOMALIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,961 1,825 1,882 1,923 1,979 1,983 1,987 1,990 Public and publicly guaranteed 1,961 1,825 1,882 1,923 1,979 1,983 1,987 1,990 Official creditors 1,924 1,792 1,846 1,886 1,940 1,946 1,950 1,954 Multilateral 786 709 755 779 808 803 805 801 of which: IBRD 0 0 0 0 0 0 0 0 IDA 432 396 422 435 448 446 448 443 Bilateral 1,138 1,083 1,091 1,107 1,132 1,143 1,145 1,153 Private creditors 37 33 35 37 38 37 38 37 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 0 0 0 0 0 0 0 Public and publicly guaranteed 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Multilateral 0 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 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 Principal repayments 0 0 0 0 0 0 0 0 Public and publicly guaranteed 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Multilateral 0 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 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 Interest payments 0 0 0 0 0 0 0 0 Public and publicly guaranteed 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Multilateral 0 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 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 54 -45 -98 84 104 3 22 -1 Net flows on external debt 0 -7 0 0 0 0 0 0 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 35 33 32 34 29 28 28 26 Interest 6 6 5 5 5 4 4 4 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt are World Bank staff estimates based on the original terms of the loans. 265 SOUTH AFRICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 25,358 24,861 31,070 35,523 43,610 42,551 42,466 45,165 Long-term external debt 14,772 15,308 21,360 20,263 27,052 24,614 29,192 32,860 Public and publicly guaranteed 9,837 9,088 15,633 13,914 14,101 13,781 15,428 17,753 Private nonguaranteed 4,935 6,220 5,727 6,349 12,951 10,833 13,764 15,107 Use of IMF credit 913 0 0 0 0 0 0 0 Short-term external debt 9,673 9,553 9,710 15,260 16,558 17,937 13,274 12,305 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 9,837 8,054 15,633 13,914 14,101 13,781 15,428 17,753 Long-term private sector debt 4,935 7,254 5,727 6,349 12,951 10,833 13,764 15,107 Public & publicly guaranteed commitments 3,225 2,223 2,270 1,876 1,870 1,216 7,578 6,614 External debt flows Disbursements 3,549 3,611 5,641 4,877 8,727 1,871 4,339 5,698 Long-term external debt 3,549 3,611 5,641 4,877 8,727 1,871 4,339 5,698 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,070 2,609 2,034 3,831 3,353 2,789 2,127 2,608 Long-term external debt 2,070 2,609 2,034 3,831 3,353 2,789 2,127 2,608 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 3,412 -260 5,408 6,597 6,672 461 -2,451 2,121 Long-term external debt 1,478 1,002 3,607 1,047 5,374 -918 2,212 3,090 Short-term external debt 1,934 -1,262 1,801 5,550 1,298 1,379 -4,663 -969 Interest payments 1,320 1,252 1,198 1,639 1,911 1,769 1,615 2,476 Long-term external debt 855 743 846 1,183 1,330 1,251 1,146 2,092 IMF charges 50 0 0 0 0 0 0 0 Short-term external debt 415 509 352 456 581 517 468 384 2. Other non-debt resource inflows Foreign direct investment 1,248 969 6,522 -184 5,737 9,645 5,354 1,565 Portfolio equity 2,914 4,169 7,230 14,959 8,670 -4,707 9,364 5,826 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.3 30.9 26.7 20.6 19.1 15.4 Japanese yen 3.0 3.8 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 90.6 92.0 85.0 67.1 71.4 77.7 79.6 80.4 4. Average terms of new commitments Official creditors Interest (%) 0.0 5.9 0.0 0.0 0.0 0.0 1.2 0.8 Maturity (years) 0.0 12.3 0.0 0.0 0.0 0.0 19.7 28.1 Grace period (years) 0.0 4.0 0.0 0.0 0.0 0.0 5.2 7.1 Private creditors Interest (%) 5.4 6.1 3.9 6.5 6.8 3.4 6.9 4.1 Maturity (years) 14.3 9.8 6.4 8.9 10.1 2.8 10.0 9.1 Grace period (years) 1.8 2.3 2.9 8.9 9.9 0.8 10.0 7.2 5. Major economic aggregates Gross national income (GNI) 148,238 129,704 242,122 255,872 276,401 266,336 276,439 356,475 Exports of goods, services & income 35,538 39,507 72,202 84,117 97,135 104,867 82,551 104,355 Worker remit. & comp. of employees 105 344 658 734 834 823 902 1,119 Imports of goods, services & income 37,386 38,771 78,267 95,499 114,803 122,618 91,193 112,194 Profit remittances on FDI 535 2,329 4,320 4,843 8,666 8,031 5,279 6,165 Current account balance -2,493 -191 -8,518 -13,745 -20,018 -20,083 -11,327 -10,117 International reserves 4,464 7,702 20,624 25,593 32,919 34,070 39,603 43,820 6. Ratios External debt stocks to exports (%) 71.4 62.9 43.0 42.2 44.9 40.6 51.4 43.3 External debt stocks to GNI (%) 17.1 19.2 12.8 13.9 15.8 16.0 15.4 12.7 Debt service to exports (%) 9.5 9.8 4.5 6.5 5.4 4.3 4.5 4.9 Short-term to external debt stocks (%) 38.1 38.4 31.3 43.0 38.0 42.2 31.3 27.2 Multilateral to external debt stocks (%) .. 0.6 0.9 0.9 0.7 0.6 0.5 2.5 Reserves to external debt stocks (%) 17.6 31.0 66.4 72.0 75.5 80.1 93.3 97.0 Reserves to imports (months) 1.4 2.4 3.2 3.2 3.4 3.3 5.2 4.7 266 SOUTH AFRICA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 14,772 15,308 21,360 20,263 27,052 24,614 29,192 32,860 Public and publicly guaranteed 9,837 9,088 15,633 13,914 14,101 13,781 15,428 17,753 Official creditors 0 145 286 316 291 259 227 1,139 Multilateral 0 145 286 316 291 259 227 1,139 of which: IBRD 0 3 31 29 27 26 21 384 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 9,837 8,943 15,347 13,598 13,810 13,522 15,201 16,614 of which: Bonds 2,454 4,749 7,132 6,791 7,593 7,429 9,279 11,065 Commercial banks 3,978 1,973 7,271 6,009 5,563 5,585 5,559 5,331 Private nonguaranteed 4,935 6,220 5,727 6,349 12,951 10,833 13,764 15,107 of which: Bonds 350 1,110 1,307 1,484 6,715 6,017 6,049 5,471 Disbursements 3,549 3,611 5,641 4,877 8,727 1,871 4,339 5,698 Public and publicly guaranteed 3,199 1,597 2,678 2,075 1,870 1,219 2,332 3,777 Official creditors 0 91 58 49 0 3 32 913 Multilateral 0 91 58 49 0 3 32 913 of which: IBRD 0 3 9 0 0 3 0 371 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 3,199 1,506 2,620 2,026 1,870 1,216 2,300 2,864 of which: Bonds 391 765 0 1,876 1,670 0 2,000 2,000 Commercial banks 830 420 2,620 150 200 1,216 300 864 Private nonguaranteed 350 2,014 2,963 2,802 6,857 652 2,007 1,921 of which: Bonds 350 712 1,307 0 5,587 0 0 0 Principal repayments 2,070 2,609 2,034 3,831 3,353 2,789 2,127 2,608 Public and publicly guaranteed 1,168 1,627 1,780 1,729 1,855 1,465 1,419 1,278 Official creditors 0 0 27 26 26 26 38 40 Multilateral 0 0 27 26 26 26 38 40 of which: IBRD 0 0 1 2 3 3 5 8 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 1,168 1,627 1,753 1,703 1,829 1,439 1,381 1,238 of which: Bonds 10 284 0 300 1,222 0 250 0 Commercial banks 719 949 1,608 1,257 462 1,294 986 1,093 Private nonguaranteed 902 982 254 2,102 1,498 1,324 708 1,330 of which: Bonds 0 0 0 0 1,390 698 0 578 Interest payments 855 743 846 1,183 1,330 1,251 1,146 2,092 Public and publicly guaranteed 597 546 635 886 917 821 686 716 Official creditors 0 1 12 15 18 16 10 20 Multilateral 0 1 12 15 18 16 10 20 of which: IBRD 0 0 1 1 1 1 1 10 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 597 545 623 871 899 804 676 696 of which: Bonds 188 275 347 409 520 523 542 631 Commercial banks 245 130 212 408 333 244 105 45 Private nonguaranteed 258 196 212 297 413 431 460 1,377 of which: Bonds 0 27 61 89 132 241 241 1,027 8. Debt stock-flow reconciliation Total change in external debt stocks 3,687 954 3,958 4,453 8,087 -1,059 -85 2,698 Net flows on external debt 3,412 -260 5,408 6,597 6,672 461 -2,451 2,121 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 1,222 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 42 37 26 23 209 209 374 374 Interest 9 16 23 29 33 35 35 34 Private creditors Principal 4,328 6,326 5,509 4,179 1,941 2,081 1,386 528 Interest 2,069 1,889 1,493 1,078 822 642 501 438 Notes: Data on long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt for 2010 are World Bank staff estimates based on aggregate information provided by the authority. 267 SRI LANKA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 8,395 9,087 11,372 11,887 14,369 15,615 17,213 20,452 Long-term external debt 7,264 8,242 9,999 10,788 12,474 13,346 14,618 17,368 Public and publicly guaranteed 7,175 7,874 9,611 10,295 11,835 12,612 13,652 16,449 Private nonguaranteed 90 368 388 493 639 734 967 919 Use of IMF credit 595 161 381 244 251 169 721 1,311 Short-term external debt 535 685 992 855 1,643 2,100 1,873 1,773 interest arrears on long-term 35 112 0 0 11 13 24 28 Memorandum items Principal arrears on long-term 42 216 0 0 9 12 71 81 Long-term public sector debt 7,055 7,766 9,611 10,295 11,835 12,612 13,652 16,449 Long-term private sector debt 210 476 388 493 639 734 967 919 Public & publicly guaranteed commitments 406 448 938 1,208 2,190 1,975 2,447 4,178 External debt flows Disbursements 671 732 1,082 1,049 1,698 1,238 2,846 3,715 Long-term external debt 671 732 929 1,049 1,698 1,238 2,209 3,084 IMF purchases 0 0 153 0 0 0 638 631 Principal repayments 280 539 266 661 540 882 1,064 750 Long-term external debt 246 453 228 507 535 804 967 716 IMF repurchases 34 86 38 154 5 78 97 34 Net flows 385 -25 1,160 251 1,935 811 1,545 2,861 Long-term external debt 425 279 701 542 1,163 434 1,242 2,368 Short-term external debt -6 -218 344 -137 777 455 -238 -104 Interest payments 172 248 154 267 297 349 353 695 Long-term external debt 145 213 106 208 218 286 325 661 IMF charges 3 1 11 13 11 8 3 10 Short-term external debt 24 34 37 46 69 56 25 23 2. Other non-debt resource inflows Foreign direct investment 56 173 272 480 603 752 404 478 Portfolio equity .. .. -216 -304 -322 -488 -382 -1,049 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.8 9.1 9.5 9.2 9.3 7.9 Japanese yen 28.6 30.0 30.4 29.0 26.2 31.4 29.4 28.2 Pound sterling 1.8 0.5 0.1 0.1 0.1 0.1 0.0 0.0 Swiss franc 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 35.9 38.4 40.8 41.1 44.3 40.4 42.7 47.7 4. Average terms of new commitments Official creditors Interest (%) 3.3 2.4 1.6 3.0 3.3 2.1 2.5 1.9 Maturity (years) 29.7 32.0 28.1 24.3 23.5 21.0 20.7 21.7 Grace period (years) 8.3 8.5 7.4 7.0 7.0 7.6 5.5 6.3 Private creditors Interest (%) 4.8 6.6 5.4 4.8 7.4 3.1 7.2 5.7 Maturity (years) 11.3 10.4 8.4 7.5 5.9 9.9 5.6 10.1 Grace period (years) 1.9 1.3 3.0 3.3 4.0 3.4 5.1 8.9 5. Major economic aggregates Gross national income (GNI) 12,860 16,016 24,107 27,879 31,998 39,746 41,583 48,916 Exports of goods, services & income 4,840 6,527 7,963 8,819 9,864 10,338 9,099 11,099 Worker remit. & comp. of employees 809 1,166 1,991 2,185 2,527 2,947 3,363 4,155 Imports of goods, services & income 6,342 8,554 10,441 12,321 13,575 16,889 12,318 16,178 Profit remittances on FDI 72 109 115 362 349 470 230 386 Current account balance -770 -1,044 -650 -1,498 -1,401 -3,885 -215 -1,418 International reserves 2,112 1,131 2,735 2,832 3,518 2,617 5,354 7,195 6. Ratios External debt stocks to exports (%) 173.4 139.2 142.8 134.8 145.7 151.0 189.2 184.3 External debt stocks to GNI (%) 65.3 56.7 47.2 42.6 44.9 39.3 41.4 41.8 Debt service to exports (%) 9.3 12.1 5.3 10.5 8.5 11.9 15.6 13.0 Short-term to external debt stocks (%) 6.4 7.5 8.7 7.2 11.4 13.4 10.9 8.7 Multilateral to external debt stocks (%) 34.0 37.6 40.0 41.6 37.3 35.6 34.1 29.7 Reserves to external debt stocks (%) 25.2 12.5 24.1 23.8 24.5 16.8 31.1 35.2 Reserves to imports (months) 4.0 1.6 3.1 2.8 3.1 1.9 5.2 5.3 268 SRI LANKA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 7,264 8,242 9,999 10,788 12,474 13,346 14,618 17,368 Public and publicly guaranteed 7,175 7,874 9,611 10,295 11,835 12,612 13,652 16,449 Official creditors 6,493 6,934 8,983 9,583 10,373 11,286 11,934 13,602 Multilateral 2,858 3,412 4,554 4,945 5,362 5,559 5,875 6,079 of which: IBRD 49 13 0 0 0 0 0 0 IDA 1,463 1,610 2,095 2,245 2,357 2,381 2,487 2,531 Bilateral 3,635 3,522 4,429 4,638 5,011 5,726 6,059 7,524 Private creditors 681 940 627 712 1,462 1,327 1,718 2,847 of which: Bonds 0 65 65 65 565 500 1,000 2,000 Commercial banks 324 356 442 558 799 731 647 776 Private nonguaranteed 90 368 388 493 639 734 967 919 of which: Bonds 0 0 100 100 100 100 0 0 Disbursements 671 732 929 1,049 1,698 1,238 2,209 3,084 Public and publicly guaranteed 671 563 818 918 1,524 1,083 1,822 2,987 Official creditors 469 348 670 767 754 789 1,160 1,804 Multilateral 197 123 347 328 266 374 424 468 of which: IBRD 0 0 0 0 0 0 0 0 IDA 106 47 113 100 74 95 147 142 Bilateral 272 225 322 439 488 415 736 1,336 Private creditors 201 215 149 151 769 293 662 1,183 of which: Bonds 0 0 0 0 500 0 500 1,000 Commercial banks 92 42 138 148 268 290 155 183 Private nonguaranteed 0 169 111 131 174 156 387 97 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 246 453 228 507 535 804 967 716 Public and publicly guaranteed 244 439 209 481 507 743 812 571 Official creditors 148 216 123 400 450 519 555 507 Multilateral 26 50 84 100 114 146 163 174 of which: IBRD 7 5 1 0 0 0 0 0 IDA 8 18 40 43 49 55 56 59 Bilateral 122 167 40 300 336 373 393 333 Private creditors 96 223 86 82 57 224 257 64 of which: Bonds 0 50 0 0 0 65 0 0 Commercial banks 54 94 53 45 49 151 250 56 Private nonguaranteed 2 14 19 26 28 61 154 145 of which: Bonds 0 0 0 0 0 0 100 0 Interest payments 145 213 106 208 218 286 325 661 Public and publicly guaranteed 144 178 84 184 191 251 285 641 Official creditors 112 125 65 156 164 178 227 354 Multilateral 29 32 46 58 57 65 58 101 of which: IBRD 5 1 0 0 0 0 0 0 IDA 11 12 17 17 17 19 17 18 Bilateral 84 93 19 99 108 113 170 254 Private creditors 32 54 19 28 27 73 58 287 of which: Bonds 0 6 4 5 0 46 43 72 Commercial banks 19 28 12 19 26 25 14 25 Private nonguaranteed 1 35 22 24 26 35 40 20 of which: Bonds 0 0 7 7 7 7 7 0 8. Debt stock-flow reconciliation Total change in external debt stocks 435 -713 330 515 2,482 1,246 1,598 3,239 Net flows on external debt 385 -25 1,160 251 1,935 811 1,545 2,861 9. Debt restructurings Total amount rescheduled 0 0 265 0 0 0 0 0 Total amount forgiven 7 9 2 0 1 8 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 687 731 801 911 1,014 1,072 1,086 1,093 Interest 241 257 264 260 250 236 221 207 Private creditors Principal 314 773 275 194 678 150 130 143 Interest 210 197 143 133 107 82 77 72 269 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 55.4 155.9 293.0 289.2 271.9 245.8 227.1 202.7 Long-term external debt 54.2 153.0 290.3 285.2 269.7 244.4 222.9 198.1 Public and publicly guaranteed 54.2 153.0 290.3 285.2 269.7 244.4 222.9 198.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 2.1 0.0 0.0 0.0 0.0 3.5 3.4 Short-term external debt 1.2 0.8 2.7 4.0 2.3 1.3 0.8 1.2 interest arrears on long-term 1.2 0.8 2.7 4.0 2.3 1.3 0.8 1.2 Memorandum items Principal arrears on long-term 0.7 0.4 1.5 1.3 0.6 10.0 11.7 2.7 Long-term public sector debt 52.9 153.0 290.3 285.2 269.7 244.4 222.9 198.1 Long-term private sector debt 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 11.4 32.4 22.9 16.6 8.4 0.1 0.4 4.4 External debt flows Disbursements 5.6 31.9 6.9 22.0 11.7 5.0 9.0 7.1 Long-term external debt 5.6 31.9 6.9 22.0 11.7 5.0 5.6 7.1 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 3.4 0.0 Principal repayments 4.8 12.4 28.1 28.1 28.6 29.8 27.2 31.4 Long-term external debt 4.8 12.4 28.1 28.1 28.6 29.8 27.2 31.4 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 0.9 19.6 -21.2 -6.1 -17.0 -24.7 -18.2 -24.3 Long-term external debt 0.9 19.6 -21.2 -6.1 -17.0 -24.7 -21.6 -24.3 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.9 7.2 20.5 19.3 19.3 16.6 14.5 13.4 Long-term external debt 1.9 7.1 20.5 19.3 19.3 16.6 14.5 13.3 IMF charges 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 20.5 96.2 93.0 110.4 134.5 177.9 130.8 128.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.5 2.3 2.5 2.3 2.4 2.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 7.4 1.5 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.4 79.7 84.8 84.7 84.5 85.5 85.5 85.5 4. Average terms of new commitments Official creditors Interest (%) 3.7 4.8 2.0 5.1 6.4 2.0 2.0 2.3 Maturity (years) 19.1 16.5 20.9 20.2 19.5 22.0 15.5 18.1 Grace period (years) 5.2 4.5 4.1 3.6 4.8 5.0 2.2 7.0 Private creditors Interest (%) 0.0 7.0 0.0 2.5 0.0 0.0 0.0 2.5 Maturity (years) 0.0 9.7 0.0 8.0 0.0 0.0 0.0 8.0 Grace period (years) 0.0 1.1 0.0 2.0 0.0 0.0 0.0 2.0 5. Major economic aggregates Gross national income (GNI) 219.8 296.1 403.6 454.8 481.4 559.6 493.0 507.4 Exports of goods, services & income 125.3 155.5 237.3 249.0 245.4 240.1 196.1 192.7 Worker remit. & comp. of employees 20.2 27.1 33.5 36.4 40.3 44.5 43.5 43.9 Imports of goods, services & income 189.9 284.4 325.9 366.3 385.9 448.4 394.5 331.7 Profit remittances on FDI 14.4 21.2 20.3 20.2 24.0 23.4 20.3 19.3 Current account balance -45.5 -66.2 -64.7 -85.1 -111.3 -175.2 -152.7 -96.0 International reserves 33.5 45.2 71.6 88.7 95.8 110.4 136.4 168.9 6. Ratios External debt stocks to exports (%) 44.2 100.3 123.5 116.1 110.8 102.4 115.8 105.2 External debt stocks to GNI (%) 25.2 52.7 72.6 63.6 56.5 43.9 46.1 40.0 Debt service to exports (%) 5.3 12.6 20.5 19.0 19.5 19.3 21.3 23.2 Short-term to external debt stocks (%) 2.2 0.5 0.9 1.4 0.8 0.5 0.4 0.6 Multilateral to external debt stocks (%) 53.4 34.5 33.8 36.3 39.4 42.3 44.7 48.8 Reserves to external debt stocks (%) 60.4 29.0 24.4 30.7 35.2 44.9 60.1 83.3 Reserves to imports (months) 2.1 1.9 2.6 2.9 3.0 3.0 4.1 6.1 270 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 54.2 153.0 290.3 285.2 269.7 244.4 222.9 198.1 Public and publicly guaranteed 54.2 153.0 290.3 285.2 269.7 244.4 222.9 198.1 Official creditors 48.6 102.6 156.0 164.4 162.0 151.6 141.8 132.6 Multilateral 29.6 53.8 99.0 104.9 107.1 104.0 101.6 98.9 of which: IBRD 1.1 4.5 13.0 13.2 13.3 13.2 12.4 9.8 IDA 1.6 1.4 1.4 1.4 1.4 1.4 1.4 1.3 Bilateral 19.0 48.8 57.0 59.5 54.8 47.6 40.3 33.8 Private creditors 5.6 50.4 134.4 120.8 107.7 92.9 81.0 65.5 of which: Bonds 0.0 0.0 29.1 29.1 29.1 29.1 29.1 24.1 Commercial banks 0.0 43.2 104.7 91.7 78.7 63.8 51.9 41.4 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 5.6 31.9 6.9 22.0 11.7 5.0 5.6 7.1 Public and publicly guaranteed 5.6 31.9 6.9 22.0 11.7 5.0 5.6 7.1 Official creditors 5.0 7.7 6.9 21.4 11.7 5.0 5.6 7.0 Multilateral 3.8 7.2 6.9 10.2 8.5 5.0 5.6 7.0 of which: IBRD 0.3 1.1 0.8 1.4 2.4 2.6 1.7 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 1.3 0.5 0.0 11.2 3.2 0.0 0.0 0.0 Private creditors 0.6 24.2 0.0 0.6 0.0 0.0 0.0 0.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 24.2 0.0 0.6 0.0 0.0 0.0 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 Principal repayments 4.8 12.4 28.1 28.1 28.6 29.8 27.2 31.4 Public and publicly guaranteed 4.8 12.4 28.1 28.1 28.6 29.8 27.2 31.4 Official creditors 3.3 4.7 12.9 13.9 15.6 14.9 15.4 15.8 Multilateral 1.5 2.1 4.3 5.1 7.3 7.7 8.3 9.3 of which: IBRD 0.0 0.1 1.0 1.3 2.2 2.7 2.5 2.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 1.8 2.7 8.6 8.7 8.3 7.2 7.1 6.6 Private creditors 1.5 7.6 15.2 14.2 13.1 14.9 11.9 15.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.0 Commercial banks 0.0 4.2 13.9 13.6 13.1 14.9 11.9 10.6 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 7.1 20.5 19.3 19.3 16.6 14.5 13.3 Public and publicly guaranteed 1.9 7.1 20.5 19.3 19.3 16.6 14.5 13.3 Official creditors 1.5 4.1 7.6 7.7 8.7 7.0 6.3 5.3 Multilateral 1.0 2.0 3.7 4.1 4.9 3.9 3.8 3.5 of which: IBRD 0.1 0.3 0.7 0.7 0.8 0.6 0.4 0.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 0.5 2.2 3.9 3.6 3.7 3.1 2.5 1.8 Private creditors 0.4 3.0 12.9 11.5 10.7 9.6 8.2 8.0 of which: Bonds 0.0 0.0 2.2 2.4 2.4 2.4 1.8 2.6 Commercial banks 0.0 2.3 10.5 9.1 8.3 7.2 6.4 5.4 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 -0.8 19.8 -22.8 -3.8 -17.3 -26.2 -18.6 -24.4 Net flows on external debt 0.9 19.6 -21.2 -6.1 -17.0 -24.7 -18.2 -24.3 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 20.2 19.6 14.4 11.3 11.0 10.4 9.4 8.0 Interest 3.6 2.9 2.3 2.0 1.7 1.5 1.3 1.2 Private creditors Principal 17.5 20.5 22.0 2.7 2.3 1.2 0.5 0.5 Interest 5.1 3.0 1.9 0.8 0.6 0.5 0.4 0.3 Notes: Data on long-term public and publicly-guaranteed debt for 2010 are provided by the country. 271 ST. LUCIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 128.3 221.3 411.0 363.7 469.2 827.1 369.3 463.6 Long-term external debt 111.3 153.5 235.0 246.7 295.8 312.2 295.9 285.9 Public and publicly guaranteed 111.3 153.5 235.0 246.7 295.8 312.2 295.9 285.9 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 10.8 10.6 Short-term external debt 16.9 67.8 176.0 117.0 173.3 514.9 62.6 167.1 interest arrears on long-term 0.0 0.0 0.0 0.0 0.3 0.9 2.6 5.1 Memorandum items Principal arrears on long-term 0.0 0.0 0.0 0.0 0.4 0.0 2.1 3.5 Long-term public sector debt 111.3 153.5 235.0 246.7 295.8 312.2 295.9 285.9 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 50.4 65.3 8.2 4.4 9.8 5.4 12.6 12.0 External debt flows Disbursements 11.5 48.7 11.7 25.8 24.1 11.5 21.0 21.3 Long-term external debt 11.5 48.7 11.7 25.8 24.1 11.5 10.4 21.3 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 10.6 0.0 Principal repayments 6.2 20.9 14.2 17.8 26.4 32.4 27.3 29.6 Long-term external debt 6.2 20.9 14.2 17.8 26.4 32.4 27.3 29.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 12.3 40.3 64.5 -51.1 53.8 320.1 -460.2 93.8 Long-term external debt 5.4 27.8 -2.5 7.9 -2.2 -20.9 -16.9 -8.2 Short-term external debt 6.9 12.5 67.0 -59.0 56.0 341.0 -454.0 102.0 Interest payments 5.7 9.2 17.5 15.9 20.3 25.3 14.8 13.7 Long-term external debt 4.8 6.4 12.8 12.2 14.8 15.0 13.3 9.6 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.9 2.8 4.8 3.7 5.5 10.3 1.5 4.1 2. Other non-debt resource inflows Foreign direct investment 33.0 53.7 78.2 233.9 271.9 161.2 146.4 121.1 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 6.7 7.0 8.2 6.1 5.9 4.9 Japanese yen 2.4 0.3 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 13.7 2.1 0.2 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 53.4 55.0 68.5 65.1 67.0 70.7 69.5 70.1 4. Average terms of new commitments Official creditors Interest (%) 4.7 6.0 2.5 0.0 0.8 0.8 3.4 1.1 Maturity (years) 24.8 22.7 24.9 0.0 34.6 34.3 14.0 32.9 Grace period (years) 7.1 5.5 7.8 0.0 10.1 9.8 0.8 8.4 Private creditors Interest (%) 0.0 8.7 0.0 7.2 0.0 0.0 7.2 0.0 Maturity (years) 0.0 13.2 0.0 10.3 0.0 0.0 6.0 0.0 Grace period (years) 0.0 13.2 0.0 10.3 0.0 0.0 6.0 0.0 5. Major economic aggregates Gross national income (GNI) 521.2 662.9 785.5 876.4 889.9 907.0 872.8 857.8 Exports of goods, services & income 385.4 380.6 533.0 451.8 469.5 537.5 560.3 611.4 Worker remit. & comp. of employees 23.1 26.4 29.5 30.3 31.1 31.5 30.5 31.4 Imports of goods, services & income 437.5 484.4 675.5 772.8 827.8 900.5 706.1 776.5 Profit remittances on FDI 35.3 31.4 51.1 34.0 45.1 52.5 35.3 25.7 Current account balance -33.1 -78.8 -129.5 -309.0 -344.7 -346.8 -133.4 -150.5 International reserves 63.1 78.8 116.4 134.5 153.7 142.8 174.8 206.3 6. Ratios External debt stocks to exports (%) 33.3 58.1 77.1 80.5 99.9 153.9 65.9 75.8 External debt stocks to GNI (%) 24.6 33.4 52.3 41.5 52.7 91.2 42.3 54.0 Debt service to exports (%) 3.1 7.9 6.0 7.5 9.9 10.7 7.5 7.1 Short-term to external debt stocks (%) 13.2 30.6 42.8 32.2 36.9 62.3 16.9 36.0 Multilateral to external debt stocks (%) 61.6 45.0 34.2 41.6 35.3 24.4 53.3 43.6 Reserves to external debt stocks (%) 49.2 35.6 28.3 37.0 32.8 17.3 47.3 44.5 Reserves to imports (months) 1.7 2.0 2.1 2.1 2.2 1.9 3.0 3.2 272 ST. LUCIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 111.3 153.5 235.0 246.7 295.8 312.2 295.9 285.9 Public and publicly guaranteed 111.3 153.5 235.0 246.7 295.8 312.2 295.9 285.9 Official creditors 111.3 120.7 160.9 174.3 197.2 228.5 220.8 222.7 Multilateral 79.0 99.5 140.5 151.4 165.5 201.4 196.7 202.0 of which: IBRD 2.1 6.0 10.3 10.0 17.8 18.2 19.2 20.8 IDA 7.9 11.6 27.2 40.7 46.2 49.2 50.0 59.5 Bilateral 32.3 21.3 20.4 23.0 31.8 27.1 24.1 20.7 Private creditors 0.0 32.8 74.0 72.4 98.6 83.6 75.1 63.3 of which: Bonds 0.0 0.0 0.0 4.4 4.4 4.4 7.8 7.8 Commercial banks 0.0 32.8 74.0 68.0 94.2 79.2 67.3 55.4 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 48.7 11.7 25.8 24.1 11.5 10.4 21.3 Public and publicly guaranteed 11.5 48.7 11.7 25.8 24.1 11.5 10.4 21.3 Official creditors 11.5 16.8 11.7 21.3 24.1 11.5 7.0 21.3 Multilateral 10.8 15.7 7.4 17.2 18.2 8.9 7.0 19.9 of which: IBRD 0.7 0.9 1.1 0.7 9.6 2.6 3.8 4.5 IDA 2.1 0.7 3.5 12.2 4.1 3.9 0.9 10.8 Bilateral 0.8 1.1 4.4 4.1 5.9 2.7 0.0 1.5 Private creditors 0.0 31.9 0.0 4.4 0.0 0.0 3.4 0.0 of which: Bonds 0.0 0.0 0.0 4.4 0.0 0.0 3.4 0.0 Commercial banks 0.0 31.9 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 6.2 20.9 14.2 17.8 26.4 32.4 27.3 29.6 Public and publicly guaranteed 6.2 20.9 14.2 17.8 26.4 32.4 27.3 29.6 Official creditors 6.2 11.7 9.5 11.8 14.5 17.5 15.4 17.7 Multilateral 4.2 6.6 7.0 8.4 9.3 11.4 12.0 13.9 of which: IBRD 0.1 0.5 1.0 1.1 1.8 2.3 2.7 2.8 IDA 0.0 0.1 0.3 0.4 0.4 0.4 0.5 0.6 Bilateral 2.0 5.1 2.5 3.4 5.2 6.1 3.4 3.7 Private creditors 0.0 9.2 4.7 6.0 11.9 15.0 11.9 11.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 9.2 4.7 6.0 11.9 15.0 11.9 11.9 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 Interest payments 4.8 6.4 12.8 12.2 14.8 15.0 13.3 9.6 Public and publicly guaranteed 4.8 6.4 12.8 12.2 14.8 15.0 13.3 9.6 Official creditors 4.8 5.2 6.3 6.0 6.1 8.1 7.2 6.4 Multilateral 3.0 4.0 5.4 5.1 4.8 7.0 6.2 5.5 of which: IBRD 0.1 0.3 0.5 0.5 0.7 0.9 0.9 0.7 IDA 0.0 0.1 0.2 0.3 0.3 0.4 0.4 0.4 Bilateral 1.8 1.2 0.9 0.9 1.3 1.1 1.0 0.9 Private creditors 0.0 1.2 6.5 6.2 8.7 6.9 6.1 3.2 of which: Bonds 0.0 0.0 0.0 0.2 0.3 0.3 0.3 0.6 Commercial banks 0.0 1.2 6.5 6.0 8.4 6.6 5.8 2.7 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 14.7 37.0 59.3 -47.2 105.4 357.9 -457.8 94.3 Net flows on external debt 12.3 40.3 64.5 -51.1 53.8 320.1 -460.2 93.8 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 67.5 0.0 0.2 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 20.8 18.0 15.6 14.9 14.2 14.2 14.0 13.7 Interest 3.4 3.1 2.8 2.6 2.3 2.1 1.8 1.6 Private creditors Principal 10.6 10.6 7.5 1.1 28.0 5.2 0.2 0.0 Interest 4.9 4.1 3.3 2.9 1.8 0.2 0.0 0.0 273 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 118.3 194.6 252.1 243.0 201.4 204.0 209.6 261.1 Long-term external debt 91.3 163.3 247.8 242.5 199.8 203.9 203.2 255.3 Public and publicly guaranteed 91.3 163.3 247.8 242.5 199.8 203.9 203.2 255.3 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 5.9 5.8 Short-term external debt 27.0 31.4 4.3 0.5 1.6 0.2 0.5 0.0 interest arrears on long-term 0.1 0.4 4.3 0.5 1.6 0.2 0.5 0.0 Memorandum items Principal arrears on long-term 0.6 0.9 3.0 0.3 0.3 0.3 0.8 0.2 Long-term public sector debt 91.3 163.3 247.8 242.5 199.8 203.9 203.2 255.3 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 12.6 1.0 66.4 0.0 0.7 16.0 35.4 59.3 External debt flows Disbursements 3.3 8.5 42.4 14.1 15.4 23.4 26.0 76.2 Long-term external debt 3.3 8.5 42.4 14.1 15.4 23.4 20.2 76.2 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 5.8 0.0 Principal repayments 4.5 6.1 15.5 22.1 18.3 18.7 21.4 22.9 Long-term external debt 4.5 6.1 15.5 22.1 18.3 18.7 21.4 22.9 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 3.0 1.6 26.9 -8.0 -2.9 4.7 4.6 53.3 Long-term external debt -1.2 2.4 26.9 -8.0 -2.9 4.7 -1.1 53.3 Short-term external debt 4.2 -0.8 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 4.1 7.0 8.2 11.2 9.5 10.7 9.8 8.7 Long-term external debt 2.6 5.1 8.2 11.2 9.5 10.7 9.7 8.7 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 1.5 1.9 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 30.6 37.7 40.1 109.1 130.5 159.2 106.1 99.7 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.4 5.8 7.5 6.3 5.6 3.2 Japanese yen 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 5.4 2.9 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 1.4 0.3 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.2 82.2 73.8 75.0 71.2 75.0 77.7 85.3 4. Average terms of new commitments Official creditors Interest (%) 3.5 2.5 4.7 0.0 0.8 0.0 2.8 2.5 Maturity (years) 19.9 30.1 18.4 0.0 34.8 0.0 21.5 20.3 Grace period (years) 4.2 10.3 4.6 0.0 10.3 0.0 5.6 4.7 Private creditors Interest (%) 0.0 0.0 7.0 0.0 0.0 8.5 0.0 0.0 Maturity (years) 0.0 0.0 10.0 0.0 0.0 10.0 0.0 0.0 Grace period (years) 0.0 0.0 0.5 0.0 0.0 0.5 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 254.8 316.9 418.8 473.7 533.3 559.2 561.8 539.3 Exports of goods, services & income 140.3 182.6 208.9 225.6 225.6 220.3 202.8 193.1 Worker remit. & comp. of employees 17.2 22.5 26.5 29.7 33.1 31.1 30.1 30.6 Imports of goods, services & income 190.0 222.8 329.2 365.1 439.6 463.8 414.0 412.2 Profit remittances on FDI 11.1 12.7 22.1 23.0 19.6 18.1 12.4 10.1 Current account balance -40.2 -23.9 -102.2 -119.4 -193.9 -230.3 -199.8 -206.0 International reserves 29.8 55.2 69.5 78.7 87.0 83.7 87.8 112.7 6. Ratios External debt stocks to exports (%) 84.3 106.6 120.7 107.7 89.3 92.6 103.3 135.2 External debt stocks to GNI (%) 46.4 61.4 60.2 51.3 37.8 36.5 37.3 48.4 Debt service to exports (%) 6.1 7.2 11.3 14.8 12.3 13.4 15.3 16.4 Short-term to external debt stocks (%) 22.8 16.1 1.7 0.2 0.8 0.1 0.2 0.0 Multilateral to external debt stocks (%) 49.3 34.0 32.9 38.5 52.6 52.8 57.7 72.2 Reserves to external debt stocks (%) 25.2 28.4 27.6 32.4 43.2 41.0 41.9 43.2 Reserves to imports (months) 1.9 3.0 2.5 2.6 2.4 2.2 2.5 3.3 274 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 91.3 163.3 247.8 242.5 199.8 203.9 203.2 255.3 Public and publicly guaranteed 91.3 163.3 247.8 242.5 199.8 203.9 203.2 255.3 Official creditors 86.5 104.8 114.8 124.1 135.1 133.3 143.3 206.6 Multilateral 58.4 66.2 82.9 93.4 105.9 107.8 121.0 188.4 of which: IBRD 0.4 0.1 0.9 3.4 3.2 3.0 3.3 5.2 IDA 8.1 7.0 15.3 16.5 18.2 19.3 20.4 21.3 Bilateral 28.2 38.6 31.9 30.6 29.2 25.5 22.4 18.2 Private creditors 4.8 58.5 133.0 118.4 64.7 70.6 59.8 48.7 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 4.8 0.6 59.9 53.5 47.2 56.1 48.2 40.3 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 3.3 8.5 42.4 14.1 15.4 23.4 20.2 76.2 Public and publicly guaranteed 3.3 8.5 42.4 14.1 15.4 23.4 20.2 76.2 Official creditors 3.3 8.5 12.4 14.1 15.4 7.4 20.2 76.2 Multilateral 1.7 5.7 11.5 13.7 15.4 7.3 20.2 76.2 of which: IBRD 0.0 0.0 0.0 2.5 0.0 0.1 0.7 2.3 IDA 0.0 0.0 3.3 0.8 1.3 1.6 1.3 1.6 Bilateral 1.5 2.8 0.8 0.4 0.0 0.1 0.0 0.0 Private creditors 0.1 0.0 30.0 0.0 0.0 16.0 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 30.0 0.0 0.0 16.0 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 4.5 6.1 15.5 22.1 18.3 18.7 21.4 22.9 Public and publicly guaranteed 4.5 6.1 15.5 22.1 18.3 18.7 21.4 22.9 Official creditors 4.5 5.7 7.7 7.5 7.1 8.6 10.6 11.8 Multilateral 3.4 3.7 4.9 4.8 4.3 5.2 7.4 8.1 of which: IBRD 0.1 0.0 0.0 0.0 0.2 0.3 0.4 0.4 IDA 0.1 0.1 0.3 0.3 0.3 0.3 0.4 0.4 Bilateral 1.1 2.0 2.8 2.7 2.7 3.4 3.2 3.7 Private creditors 0.0 0.4 7.7 14.6 11.3 10.1 10.7 11.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.4 0.2 6.4 6.3 7.1 7.9 7.9 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 Interest payments 2.6 5.1 8.2 11.2 9.5 10.7 9.7 8.7 Public and publicly guaranteed 2.6 5.1 8.2 11.2 9.5 10.7 9.7 8.7 Official creditors 2.4 3.3 3.5 3.7 3.6 5.6 4.4 4.4 Multilateral 1.7 2.1 2.4 2.8 2.8 4.0 3.6 3.8 of which: IBRD 0.0 0.0 0.1 0.1 0.2 0.2 0.2 0.2 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.7 1.2 1.0 1.0 0.8 1.7 0.7 0.6 Private creditors 0.3 1.8 4.7 7.5 5.9 5.1 5.4 4.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.3 0.1 2.1 4.1 3.7 3.8 4.0 3.5 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 8. Debt stock-flow reconciliation Total change in external debt stocks 4.1 1.3 24.0 -9.2 -41.6 2.7 5.5 51.5 Net flows on external debt 3.0 1.6 26.9 -8.0 -2.9 4.7 4.6 53.3 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 42.9 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 16.0 14.9 13.9 12.4 15.0 15.6 14.8 14.2 Interest 4.5 4.6 4.4 4.1 3.8 3.5 3.1 2.7 Private creditors Principal 11.0 11.0 10.5 7.6 4.6 1.6 1.6 0.8 Interest 3.3 2.5 1.8 1.1 0.6 0.3 0.2 0.0 Notes: Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2008, 2009, and 2010 are $447 million, $474 million, and $479 million respectively. 275 SUDAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 17,602 15,983 17,474 18,412 19,468 20,106 20,746 21,846 Long-term external debt 10,275 10,647 11,232 11,922 12,738 13,120 13,707 14,444 Public and publicly guaranteed 9,779 10,151 11,232 11,922 12,738 13,120 13,707 14,444 Private nonguaranteed 496 496 0 0 0 0 0 0 Use of IMF credit 960 625 518 518 482 406 403 390 Short-term external debt 6,367 4,711 5,724 5,972 6,248 6,580 6,637 7,012 interest arrears on long-term 5,736 4,441 5,313 5,636 5,974 6,104 6,420 6,658 Memorandum items Principal arrears on long-term 7,635 7,246 7,666 8,017 8,272 8,113 8,227 8,380 Long-term public sector debt 10,275 10,647 11,232 11,922 12,738 13,120 13,707 14,444 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 343 358 606 285 1,036 1,104 847 External debt flows Disbursements 51 861 387 549 717 673 971 935 Long-term external debt 51 861 387 549 717 673 971 935 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 54 197 319 236 276 284 373 403 Long-term external debt 15 143 291 209 216 219 362 397 IMF repurchases 39 54 28 27 60 66 11 6 Net flows 0 625 77 238 379 591 339 669 Long-term external debt 36 718 96 339 501 454 609 538 Short-term external debt 3 -39 9 -75 -62 202 -259 137 Interest payments 15 48 79 64 95 84 118 89 Long-term external debt 2 42 67 54 87 68 111 83 IMF charges 13 0 0 0 0 0 0 0 Short-term external debt 0 5 12 10 8 15 7 5 2. Other non-debt resource inflows Foreign direct investment 12 392 2,305 3,534 2,426 2,601 2,662 2,894 Portfolio equity 0 0 .. -35 -17 0 0 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.5 8.8 9.7 9.6 9.6 9.3 Japanese yen 2.9 2.0 1.3 1.2 0.7 0.9 0.6 0.7 Pound sterling 3.4 3.3 3.0 3.2 3.0 2.3 2.4 2.2 Swiss franc 19.6 12.2 13.8 14.0 14.2 14.6 14.4 15.0 U.S.dollars 47.6 60.3 53.6 52.0 50.3 49.1 50.5 50.8 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.7 3.1 3.9 2.2 2.9 3.1 2.8 Maturity (years) 0.0 24.8 16.4 13.5 19.8 20.5 12.5 20.3 Grace period (years) 0.0 4.7 4.8 4.1 5.1 5.5 3.1 4.0 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) 12,920 11,303 26,052 34,081 42,631 53,132 50,018 55,939 Exports of goods, services & income 683 1,839 4,982 5,993 9,447 12,207 8,900 11,796 Worker remit. & comp. of employees 346 641 1,016 1,179 1,769 3,100 2,135 1,974 Imports of goods, services & income 1,243 2,594 9,196 12,008 13,098 13,905 14,145 15,092 Profit remittances on FDI 0 0 1,399 2,093 2,404 2,971 3,035 3,320 Current account balance -500 -518 -2,768 -4,811 -3,268 -1,314 -4,232 -1,165 International reserves 163 138 1,869 1,660 1,378 1,399 1,094 .. 6. Ratios External debt stocks to exports (%) 2,577.5 869.3 350.7 307.2 206.1 164.7 233.1 185.2 External debt stocks to GNI (%) 136.2 141.4 67.1 54.0 45.7 37.8 41.5 39.1 Debt service to exports (%) 10.1 13.3 8.0 5.0 3.9 3.0 5.5 4.2 Short-term to external debt stocks (%) 36.2 29.5 32.8 32.4 32.1 32.7 32.0 32.1 Multilateral to external debt stocks (%) 12.1 12.3 14.8 15.2 16.1 16.3 16.0 15.3 Reserves to external debt stocks (%) 0.9 0.9 10.7 9.0 7.1 7.0 5.3 .. Reserves to imports (months) 1.6 0.6 2.4 1.7 1.3 1.2 0.9 .. 276 SUDAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 10,275 10,647 11,232 11,922 12,738 13,120 13,707 14,444 Public and publicly guaranteed 9,779 10,151 11,232 11,922 12,738 13,120 13,707 14,444 Official creditors 7,921 8,393 9,145 9,722 10,405 10,730 11,258 11,815 Multilateral 2,133 1,968 2,580 2,790 3,130 3,280 3,320 3,342 of which: IBRD 6 1 0 0 0 0 0 0 IDA 1,272 1,167 1,234 1,271 1,307 1,300 1,306 1,290 Bilateral 5,787 6,425 6,565 6,933 7,275 7,450 7,938 8,474 Private creditors 1,859 1,758 2,087 2,200 2,333 2,390 2,449 2,629 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1,855 1,296 1,584 1,696 1,829 1,887 1,945 2,125 Private nonguaranteed 496 496 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 51 861 387 549 717 673 971 935 Public and publicly guaranteed 51 861 387 549 717 673 971 935 Official creditors 51 318 387 549 717 673 971 935 Multilateral 51 171 138 150 214 184 127 133 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 146 249 398 503 489 844 802 Private creditors 0 543 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 87 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 15 143 291 209 216 219 362 397 Public and publicly guaranteed 15 143 291 209 216 219 362 397 Official creditors 15 143 291 209 216 219 362 397 Multilateral 15 32 27 15 37 29 73 67 of which: IBRD 0 2 0 0 0 0 0 0 IDA 0 2 1 2 0 1 0 0 Bilateral 0 111 264 194 179 189 290 330 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 Interest payments 2 42 67 54 87 68 111 83 Public and publicly guaranteed 2 42 67 54 87 68 111 83 Official creditors 2 42 67 54 87 68 111 83 Multilateral 2 16 23 12 42 35 45 32 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 1 1 0 2 0 0 Bilateral 0 26 43 42 45 33 67 51 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 684 -122 -769 938 1,056 638 640 1,100 Net flows on external debt 0 625 77 238 379 591 339 669 9. Debt restructurings Total amount rescheduled 0 8 0 0 0 0 0 259 Total amount forgiven 0 0 15 0 52 108 52 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,014 968 649 672 606 498 455 429 Interest 175 157 144 142 134 121 115 106 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt exclude penalty interest. 277 SWAZILAND (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 249.5 264.8 442.3 413.8 404.1 370.0 417.8 615.8 Long-term external debt 238.3 262.9 362.2 364.7 368.6 355.0 390.8 385.2 Public and publicly guaranteed 238.3 262.9 362.2 364.7 368.6 355.0 390.8 385.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 11.1 1.8 80.1 49.1 35.5 15.0 27.0 230.7 interest arrears on long-term 0.5 0.0 15.1 18.1 5.5 15.0 25.0 35.7 Memorandum items Principal arrears on long-term 4.0 0.2 7.1 10.6 6.2 11.5 22.3 29.6 Long-term public sector debt 238.3 262.9 362.2 364.7 368.6 355.0 390.8 385.2 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 29.0 0.7 0.0 6.6 0.0 0.1 24.2 0.1 External debt flows Disbursements 8.1 15.8 51.1 22.9 12.4 56.6 33.2 8.0 Long-term external debt 8.1 15.8 51.1 22.9 12.4 56.6 33.2 8.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 13.5 12.4 18.1 17.4 22.4 33.5 28.4 26.9 Long-term external debt 13.5 12.4 18.1 17.4 22.4 33.5 28.4 26.9 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -1.1 -47.5 54.1 -28.5 -11.0 -6.9 6.8 174.1 Long-term external debt -5.4 3.4 33.1 5.5 -10.0 23.1 4.8 -18.9 Short-term external debt 4.3 -50.9 21.0 -34.0 -1.0 -30.0 2.0 193.0 Interest payments 4.6 18.2 16.4 18.1 24.8 19.1 15.8 14.2 Long-term external debt 4.1 16.1 13.6 15.1 23.4 18.8 15.8 13.0 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.4 2.1 2.8 3.1 1.4 0.4 0.0 1.3 2. Other non-debt resource inflows Foreign direct investment 51.8 90.7 -45.9 121.0 37.5 105.7 65.7 92.7 Portfolio equity 0.8 1.4 0.8 5.5 1.0 43.9 -6.6 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 11.5 11.7 12.2 18.3 17.6 15.6 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 4.6 1.0 0.2 0.1 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 8.2 10.4 16.5 15.6 14.5 14.1 15.6 15.0 4. Average terms of new commitments Official creditors Interest (%) 7.1 3.0 0.0 2.5 0.0 2.8 3.0 4.0 Maturity (years) 19.5 40.2 0.0 21.8 0.0 41.4 27.6 19.9 Grace period (years) 5.0 27.2 0.0 4.3 0.0 10.8 4.8 5.4 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) 1779.5 1523.8 2702.3 2683.7 2990.9 2829.5 2708.1 3586.2 Exports of goods, services & income 1182.2 1376.4 2190.4 2187.8 2480.3 2091.2 2150.9 .. Worker remit. & comp. of employees 82.6 56.9 95.4 98.6 100.5 89.6 93.5 109.0 Imports of goods, services & income 1355.9 1522.9 2390.5 2515.9 2739.8 2532.3 2757.1 .. Profit remittances on FDI 68.0 65.9 44.0 167.0 160.0 252.7 352.5 .. Current account balance -29.7 -45.9 -102.6 -196.6 -65.5 -231.2 -414.3 .. International reserves 298.2 351.8 243.9 372.5 774.2 751.9 958.9 756.3 6. Ratios External debt stocks to exports (%) 21.1 19.2 20.2 18.9 16.3 17.7 19.4 .. External debt stocks to GNI (%) 14.0 17.4 16.4 15.4 13.5 13.1 15.4 17.2 Debt service to exports (%) 1.5 2.2 1.6 1.6 1.9 2.5 2.1 .. Short-term to external debt stocks (%) 4.5 0.7 18.1 11.9 8.8 4.1 6.5 37.5 Multilateral to external debt stocks (%) 48.2 56.6 54.1 59.5 62.3 65.1 61.0 38.9 Reserves to external debt stocks (%) 119.5 132.9 55.1 90.0 191.6 203.2 229.5 122.8 Reserves to imports (months) 2.6 2.8 1.2 1.8 3.4 3.6 4.2 .. 278 SWAZILAND (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 238.3 262.9 362.2 364.7 368.6 355.0 390.8 385.2 Public and publicly guaranteed 238.3 262.9 362.2 364.7 368.6 355.0 390.8 385.2 Official creditors 238.1 243.1 338.5 343.2 346.6 338.9 370.5 362.6 Multilateral 120.3 149.9 239.3 246.1 251.7 240.9 254.7 239.8 of which: IBRD 19.2 9.0 23.6 22.4 20.1 14.2 7.6 2.4 IDA 5.9 4.7 3.4 3.2 2.9 2.7 2.4 2.2 Bilateral 117.8 93.2 99.1 97.1 94.9 98.0 115.8 122.8 Private creditors 0.3 19.8 23.7 21.5 22.0 16.1 20.3 22.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 19.8 23.7 21.5 22.0 16.1 20.3 22.6 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 8.1 15.8 51.1 22.9 12.4 56.6 33.2 8.0 Public and publicly guaranteed 8.1 15.8 51.1 22.9 12.4 56.6 33.2 8.0 Official creditors 8.1 15.8 51.1 22.9 12.4 56.6 33.2 8.0 Multilateral 7.2 15.8 32.0 19.3 11.9 39.6 20.7 4.3 of which: IBRD 0.0 0.7 1.5 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 1.0 0.0 19.2 3.7 0.5 17.0 12.5 3.8 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 Principal repayments 13.5 12.4 18.1 17.4 22.4 33.5 28.4 26.9 Public and publicly guaranteed 13.5 12.4 18.1 17.4 22.4 33.5 28.4 26.9 Official creditors 13.2 12.4 18.1 17.4 22.4 33.5 28.4 26.9 Multilateral 8.2 8.1 12.6 12.2 14.7 26.1 24.9 24.1 of which: IBRD 3.5 0.9 1.5 1.2 2.3 5.9 6.6 5.2 IDA 0.3 0.3 0.3 0.3 0.3 0.2 0.3 0.3 Bilateral 5.0 4.3 5.5 5.2 7.7 7.4 3.5 2.8 Private creditors 0.3 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 4.1 16.1 13.6 15.1 23.4 18.8 15.8 13.0 Public and publicly guaranteed 4.1 16.1 13.6 15.1 23.4 18.8 15.8 13.0 Official creditors 4.1 10.2 10.5 12.0 20.5 16.3 14.6 13.0 Multilateral 3.1 5.2 9.1 10.7 12.6 13.0 11.7 11.4 of which: IBRD 1.2 0.8 1.0 1.0 1.0 0.8 0.6 0.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 0.9 5.0 1.4 1.4 7.9 3.3 2.9 1.6 Private creditors 0.1 5.9 3.2 3.0 2.9 2.5 1.2 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 5.9 3.2 3.0 2.9 2.5 1.2 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 8.8 -68.0 19.0 -28.5 -9.7 -34.1 47.8 198.0 Net flows on external debt -1.1 -47.5 54.1 -28.5 -11.0 -6.9 6.8 174.1 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 34.4 32.2 30.9 30.0 28.2 25.0 22.2 21.7 Interest 11.2 10.5 9.5 8.4 7.3 6.4 5.7 5.1 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 279 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 21,897 22,156 5,513 5,457 5,515 5,191 5,112 4,729 Long-term external debt 16,955 16,464 5,007 4,867 4,866 4,611 4,356 4,171 Public and publicly guaranteed 16,955 16,464 5,007 4,867 4,866 4,611 4,356 4,171 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 4,942 5,692 506 589 649 581 756 558 interest arrears on long-term 2,013 2,372 193 196 142 145 206 217 Memorandum items Principal arrears on long-term 5,743 8,828 265 270 213 220 226 232 Long-term public sector debt 16,954 16,464 5,007 4,867 4,866 4,611 4,356 4,171 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 69 476 330 270 684 576 497 External debt flows Disbursements 297 18 170 181 372 249 278 286 Long-term external debt 297 18 170 181 372 249 278 286 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 69 239 439 688 545 552 489 497 Long-term external debt 69 239 439 688 545 552 489 497 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 540 -826 -376 -427 -58 -374 -97 -420 Long-term external debt 229 -221 -269 -507 -172 -303 -211 -211 Short-term external debt 311 -605 -107 80 114 -71 114 -209 Interest payments 213 247 126 132 135 140 141 133 Long-term external debt 74 127 110 112 110 118 116 110 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 139 120 16 20 25 22 25 23 2. Other non-debt resource inflows Foreign direct investment 100 270 500 659 1,242 1,467 2,570 1,381 Portfolio equity 0 0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 12.1 14.0 19.8 20.3 24.0 25.4 Japanese yen 3.9 4.9 9.8 14.3 13.3 16.0 14.9 15.9 Pound sterling 1.0 0.6 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 81.8 84.1 49.3 42.8 37.4 34.2 31.9 29.3 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.0 4.8 1.6 2.0 1.6 1.9 0.0 Maturity (years) 0.0 25.3 18.6 20.1 19.2 19.3 26.8 19.2 Grace period (years) 0.0 5.3 4.3 8.5 4.6 6.0 7.2 4.0 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) 11,591 18,446 27,685 32,400 39,715 51,433 52,828 57,982 Exports of goods, services & income 6,201 7,190 11,907 13,597 16,212 19,914 16,026 .. Worker remit. & comp. of employees 339 180 823 795 1,150 1,400 1,550 1,646 Imports of goods, services & income 6,545 6,614 12,359 13,242 16,573 20,998 18,250 .. Profit remittances on FDI 0 0 1,220 1,165 1,085 1,527 1,301 .. Current account balance 263 1,061 299 920 459 66 -1,161 .. International reserves 448 355 17,774 16,997 17,707 17,784 18,300 20,632 6. Ratios External debt stocks to exports (%) 353.1 308.1 46.3 40.1 34.0 26.1 31.9 .. External debt stocks to GNI (%) 188.9 120.1 19.9 16.8 13.9 10.1 9.7 8.2 Debt service to exports (%) 4.5 6.8 4.7 6.0 4.2 3.5 3.9 .. Short-term to external debt stocks (%) 22.6 25.7 9.2 10.8 11.8 11.2 14.8 11.8 Multilateral to external debt stocks (%) 4.8 2.6 18.1 20.0 25.5 27.3 30.0 33.6 Reserves to external debt stocks (%) 2.0 1.6 322.4 311.5 321.1 342.6 358.0 436.3 Reserves to imports (months) 0.8 0.6 17.3 15.4 12.8 10.2 12.0 .. 280 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 16,955 16,464 5,007 4,867 4,866 4,611 4,356 4,171 Public and publicly guaranteed 16,955 16,464 5,007 4,867 4,866 4,611 4,356 4,171 Official creditors 15,719 15,502 5,007 4,867 4,866 4,611 4,356 4,171 Multilateral 1,051 576 997 1,091 1,404 1,418 1,533 1,591 of which: IBRD 428 25 0 0 0 0 0 0 IDA 44 30 22 21 19 18 16 15 Bilateral 14,668 14,926 4,010 3,776 3,461 3,193 2,824 2,580 Private creditors 1,236 962 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 297 18 170 181 372 249 278 286 Public and publicly guaranteed 297 18 170 181 372 249 278 286 Official creditors 297 18 170 181 372 249 278 286 Multilateral 123 12 111 148 319 170 229 237 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 174 6 59 33 53 79 49 50 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 Principal repayments 69 239 439 688 545 552 489 497 Public and publicly guaranteed 69 239 439 688 545 552 489 497 Official creditors 68 224 428 688 545 552 489 497 Multilateral 42 66 79 90 102 112 116 138 of which: IBRD 13 14 0 0 0 0 0 0 IDA 0 1 1 1 1 1 1 1 Bilateral 26 158 349 598 443 439 373 359 Private creditors 1 16 11 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 74 127 110 112 110 118 116 110 Public and publicly guaranteed 74 127 110 112 110 118 116 110 Official creditors 74 126 110 112 110 118 116 110 Multilateral 37 82 41 44 47 56 58 59 of which: IBRD 12 57 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 37 44 68 68 63 62 58 51 Private creditors 0 1 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 863 -730 -13,455 -56 58 -324 -79 -383 Net flows on external debt 540 -826 -376 -427 -58 -374 -97 -420 9. Debt restructurings Total amount rescheduled 0 566 1,650 0 41 0 0 0 Total amount forgiven 0 0 12,595 0 77 45 28 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 595 611 617 603 510 415 379 376 Interest 110 113 112 106 101 91 82 73 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 281 TAJIKISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 634 1,034 1,006 950 1,222 2,376 2,549 2,955 Long-term external debt 590 846 852 876 1,103 2,271 2,434 2,733 Public and publicly guaranteed 590 755 826 840 1,063 1,374 1,606 1,806 Private nonguaranteed 0 91 26 37 40 897 827 927 Use of IMF credit 0 111 127 44 46 15 41 101 Short-term external debt 43 77 27 29 72 90 74 122 interest arrears on long-term 43 45 2 0 0 0 0 0 Memorandum items Principal arrears on long-term 142 121 23 1 0 0 0 364 Long-term public sector debt 590 755 821 837 1,063 1,374 1,606 1,806 Long-term private sector debt 0 91 31 39 40 897 827 927 Public & publicly guaranteed commitments 0 53 87 640 160 105 130 312 External debt flows Disbursements 28 62 137 164 266 387 562 951 Long-term external debt 28 37 108 149 266 387 521 892 IMF purchases 0 25 29 14 0 0 40 60 Principal repayments 0 37 56 39 41 97 426 628 Long-term external debt 0 28 42 39 41 66 411 628 IMF repurchases 0 10 14 0 0 31 15 0 Net flows 28 -4 24 128 268 307 120 370 Long-term external debt 28 9 66 110 225 321 110 263 Short-term external debt 0 -29 -58 4 43 18 -16 47 Interest payments 0 25 13 25 21 31 42 55 Long-term external debt 0 21 10 23 20 28 41 54 IMF charges 0 2 1 0 0 0 0 0 Short-term external debt 0 2 2 1 1 2 1 1 2. Other non-debt resource inflows Foreign direct investment 10 24 54 339 360 376 16 16 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 6.1 5.3 3.9 2.8 2.8 2.6 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 97.0 97.9 86.3 85.7 86.2 86.3 82.9 81.5 4. Average terms of new commitments Official creditors Interest (%) 0.0 3.8 0.7 2.0 1.5 1.4 2.0 1.7 Maturity (years) 0.0 26.4 29.5 20.7 30.5 31.1 20.9 20.6 Grace period (years) 0.0 6.7 7.8 5.3 7.9 11.6 5.5 5.4 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) 1,183 824 2,234 2,729 3,634 5,108 4,907 5,570 Exports of goods, services & income .. .. 1,264 1,658 1,728 1,776 1,225 1,526 Worker remit. & comp. of employees .. .. 467 1,019 1,691 2,544 1,748 2,254 Imports of goods, services & income .. .. 1,733 2,425 3,780 4,227 3,140 3,422 Profit remittances on FDI .. .. 2 46 26 4 5 9 Current account balance .. .. -19 -21 -495 48 -180 -383 International reserves .. 94 189 204 .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. 79.6 57.3 70.7 133.8 208.0 193.6 External debt stocks to GNI (%) 53.6 125.4 45.0 34.8 33.6 46.5 51.9 53.1 Debt service to exports (%) .. .. 5.5 3.9 3.6 7.2 38.2 44.8 Short-term to external debt stocks (%) 6.8 7.5 2.7 3.1 5.9 3.8 2.9 4.1 Multilateral to external debt stocks (%) .. 18.0 51.6 63.3 54.6 30.9 32.5 32.0 Reserves to external debt stocks (%) .. 9.1 18.8 21.5 .. .. .. .. Reserves to imports (months) .. .. 1.3 1.0 .. .. .. .. 282 TAJIKISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 590 846 852 876 1,103 2,271 2,434 2,733 Public and publicly guaranteed 590 755 826 840 1,063 1,374 1,606 1,806 Official creditors 522 704 817 837 1,063 1,374 1,606 1,806 Multilateral 0 186 519 602 667 733 830 945 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 143 308 339 360 365 373 377 Bilateral 522 518 298 235 396 641 777 861 Private creditors 68 51 8 3 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 68 51 0 0 0 0 0 0 Private nonguaranteed 0 91 26 37 40 897 827 927 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 28 37 108 149 266 387 521 892 Public and publicly guaranteed 28 36 105 133 250 356 211 249 Official creditors 28 36 105 133 250 356 211 249 Multilateral 0 36 73 64 52 69 103 144 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 23 35 16 8 10 9 15 Bilateral 28 0 32 69 198 287 108 104 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 1 3 16 16 31 310 643 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 28 42 39 41 66 411 628 Public and publicly guaranteed 0 15 37 34 29 52 35 35 Official creditors 0 15 37 30 29 52 35 35 Multilateral 0 0 14 11 12 10 14 15 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 1 2 4 4 Bilateral 0 15 22 19 17 42 20 20 Private creditors 0 0 0 3 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 12 5 6 12 15 376 593 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 0 21 10 23 20 28 41 54 Public and publicly guaranteed 0 7 9 21 18 26 24 23 Official creditors 0 4 9 19 18 26 24 23 Multilateral 0 1 6 13 11 13 9 8 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 2 3 3 3 3 3 Bilateral 0 3 3 7 7 12 15 15 Private creditors 0 4 0 2 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 4 0 0 0 0 0 0 Private nonguaranteed 0 14 1 2 2 3 17 31 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 53 -241 -33 -56 272 1,154 173 406 Net flows on external debt 28 -4 24 128 268 307 120 370 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 2 0 102 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 89 85 90 93 94 107 108 110 Interest 28 29 28 28 27 26 24 23 Private creditors Principal 153 115 99 54 42 32 26 21 Interest 51 37 27 19 13 9 6 3 283 TANZANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 7,365 7,142 8,355 4,049 5,008 5,964 7,324 8,664 Long-term external debt 6,204 5,969 7,006 3,035 3,925 4,600 5,654 6,795 Public and publicly guaranteed 6,204 5,969 6,446 2,452 3,181 3,711 4,638 5,572 Private nonguaranteed 0 0 560 583 744 889 1,016 1,224 Use of IMF credit 197 324 342 13 18 17 329 354 Short-term external debt 964 849 1,006 1,001 1,065 1,346 1,341 1,515 interest arrears on long-term 904 647 615 595 628 763 836 909 Memorandum items Principal arrears on long-term 1,494 695 655 405 430 497 521 491 Long-term public sector debt 6,106 5,917 6,446 2,452 3,181 3,711 4,638 5,572 Long-term private sector debt 98 52 560 583 744 889 1,016 1,224 Public & publicly guaranteed commitments 141 391 617 840 858 824 823 2,033 External debt flows Disbursements 261 264 474 577 654 523 1,372 1,260 Long-term external debt 261 211 466 573 649 523 1,065 1,229 IMF purchases 0 53 8 4 4 0 307 30 Principal repayments 141 104 77 36 20 22 105 132 Long-term external debt 122 94 31 36 20 22 105 131 IMF repurchases 19 10 46 0 0 0 0 0 Net flows 98 205 459 557 665 647 1,188 1,229 Long-term external debt 139 118 435 538 630 501 960 1,098 Short-term external debt -22 44 62 15 31 146 -78 101 Interest payments 85 63 54 51 44 42 59 67 Long-term external debt 80 51 44 39 26 27 45 51 IMF charges 1 2 1 0 0 0 1 0 Short-term external debt 4 10 9 12 19 15 13 16 2. Other non-debt resource inflows Foreign direct investment 120 463 936 403 582 400 415 433 Portfolio equity 0 0 3 3 3 3 3 3 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.9 7.5 6.6 5.6 4.6 3.5 Japanese yen 10.9 7.9 7.0 4.9 4.0 4.3 3.4 4.7 Pound sterling 10.2 8.9 4.8 0.7 0.1 0.1 0.1 0.1 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 38.8 51.9 54.1 46.3 40.1 41.2 44.5 48.3 4. Average terms of new commitments Official creditors Interest (%) 1.7 0.9 1.2 0.8 0.7 0.7 0.8 0.7 Maturity (years) 22.3 38.2 37.1 41.0 41.3 42.5 37.5 38.7 Grace period (years) 7.4 9.8 9.3 10.1 10.1 10.3 9.9 10.7 Private creditors Interest (%) 1.9 0.0 0.0 0.0 4.7 0.0 3.9 0.0 Maturity (years) 3.7 1.0 0.0 0.0 11.1 0.0 3.0 0.0 Grace period (years) 1.6 1.0 0.0 0.0 1.6 0.0 3.0 0.0 5. Major economic aggregates Gross national income (GNI) 5,126 10,066 14,114 14,331 16,839 20,731 21,385 23,012 Exports of goods, services & income 1,297 1,341 3,056 3,523 4,182 5,688 5,274 6,552 Worker remit. & comp. of employees 1 8 19 15 14 19 23 25 Imports of goods, services & income 2,281 2,230 4,656 5,246 6,683 8,972 7,905 9,354 Profit remittances on FDI 2 13 319 25 309 205 184 187 Current account balance -590 -499 -1,105 -1,134 -1,849 -2,675 -1,934 -1,978 International reserves 270 974 2,049 2,259 2,886 2,863 3,470 3,905 6. Ratios External debt stocks to exports (%) 567.9 532.6 273.4 114.9 119.7 104.8 138.9 132.2 External debt stocks to GNI (%) 143.7 70.9 59.2 28.3 29.7 28.8 34.2 37.7 Debt service to exports (%) 17.4 12.4 4.3 2.5 1.5 1.1 3.1 3.0 Short-term to external debt stocks (%) 13.1 11.9 12.0 24.7 21.3 22.6 18.3 17.5 Multilateral to external debt stocks (%) 37.9 45.7 58.3 36.7 43.6 44.9 48.8 50.6 Reserves to external debt stocks (%) 3.7 13.6 24.5 55.8 57.6 48.0 47.4 45.1 Reserves to imports (months) 1.4 5.2 5.3 5.2 5.2 3.8 5.3 5.0 284 TANZANIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 6,204 5,969 7,006 3,035 3,925 4,600 5,654 6,795 Public and publicly guaranteed 6,204 5,969 6,446 2,452 3,181 3,711 4,638 5,572 Official creditors 5,798 5,776 6,341 2,358 3,079 3,613 4,521 5,459 Multilateral 2,791 3,267 4,868 1,484 2,182 2,677 3,573 4,382 of which: IBRD 87 11 0 0 0 0 0 0 IDA 2,182 2,593 3,861 1,056 1,585 1,971 2,598 3,248 Bilateral 3,008 2,508 1,472 873 897 936 948 1,077 Private creditors 406 194 105 95 102 98 118 113 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 75 81 66 54 60 57 59 55 Private nonguaranteed 0 0 560 583 744 889 1,016 1,224 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 261 211 466 573 649 523 1,065 1,229 Public and publicly guaranteed 261 211 466 573 649 523 919 1,013 Official creditors 220 206 447 560 646 523 889 996 Multilateral 187 187 444 494 627 523 884 835 of which: IBRD 0 0 0 0 0 0 0 0 IDA 160 142 275 416 475 394 608 653 Bilateral 33 19 3 66 19 0 5 161 Private creditors 40 5 19 13 3 0 30 17 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 5 19 13 3 0 0 17 Private nonguaranteed 0 0 0 0 0 0 146 216 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 122 94 31 36 20 22 105 131 Public and publicly guaranteed 122 94 31 36 20 13 26 52 Official creditors 100 77 31 33 19 13 13 35 Multilateral 78 29 26 27 13 13 13 17 of which: IBRD 34 4 0 0 0 0 0 0 IDA 12 9 15 7 1 1 1 3 Bilateral 21 47 5 7 6 0 0 18 Private creditors 22 17 0 2 1 0 13 17 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 2 1 0 0 17 Private nonguaranteed 0 0 0 0 0 9 79 79 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 80 51 44 39 26 27 45 51 Public and publicly guaranteed 80 51 42 37 23 21 27 34 Official creditors 77 49 42 35 22 21 24 31 Multilateral 56 23 38 29 17 21 24 29 of which: IBRD 8 1 0 0 0 0 0 0 IDA 16 15 30 19 10 13 15 20 Bilateral 20 26 4 7 6 0 1 2 Private creditors 3 2 0 2 1 0 3 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 2 1 0 0 2 Private nonguaranteed 0 0 2 2 2 6 18 17 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 144 -717 -223 -4,306 959 956 1,360 1,340 Net flows on external debt 98 205 459 557 665 647 1,188 1,229 9. Debt restructurings Total amount rescheduled 0 342 0 0 0 0 0 0 Total amount forgiven 140 588 296 5,202 13 22 5 47 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 104 104 76 87 108 132 159 182 Interest 48 51 53 54 55 54 53 52 Private creditors Principal 6 385 291 174 140 106 86 68 Interest 2 29 19 14 10 6 4 2 Notes: Data on long-term public and publicly guaranteed debt include debt liabilities of Zanzibar. Data on long-term private nonguaranteed debt are World Bank staff estimates from 2004 to 2007. Data on long-term private nonguaranteed debt are reported by Central Bank from 2008. Tanzania was granted debt relief effective in 2006 under MDRI. 285 THAILAND (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 100,039 79,720 46,362 45,901 45,306 49,839 57,886 71,263 Long-term external debt 55,944 61,778 30,348 28,089 27,011 30,649 30,877 32,791 Public and publicly guaranteed 16,826 29,463 14,673 12,551 10,863 11,588 11,188 11,357 Private nonguaranteed 39,117 32,316 15,675 15,538 16,148 19,061 19,689 21,434 Use of IMF credit 0 3,062 0 0 0 0 0 0 Short-term external debt 44,095 14,880 16,014 17,812 18,295 19,189 27,010 38,471 interest arrears on long-term 0 0 0 0 0 4 8 2 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 16,826 29,463 14,673 12,551 10,863 11,588 11,188 11,357 Long-term private sector debt 39,117 32,316 15,675 15,538 16,148 19,061 19,689 21,434 Public & publicly guaranteed commitments 2,930 1,337 2,166 500 511 2,663 923 1,122 External debt flows Disbursements 10,715 4,031 16,133 13,725 18,130 13,049 9,043 10,565 Long-term external debt 10,715 4,031 16,133 13,725 18,130 13,049 9,043 10,565 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 4,398 9,142 16,553 12,834 20,475 15,226 10,911 9,661 Long-term external debt 4,398 8,945 16,553 12,834 20,475 15,226 10,911 9,661 IMF repurchases 0 198 0 0 0 0 0 0 Net flows 21,233 -13,649 4,106 2,689 -1,862 -1,288 5,948 12,373 Long-term external debt 6,317 -4,913 -420 891 -2,345 -2,178 -1,868 905 Short-term external debt 14,916 -8,538 4,526 1,798 483 890 7,816 11,468 Interest payments 4,189 4,849 1,624 1,919 1,748 1,780 1,515 1,627 Long-term external debt 2,646 3,776 1,121 1,158 959 1,285 1,220 1,201 IMF charges 0 168 0 0 0 0 0 0 Short-term external debt 1,543 905 503 761 789 495 296 426 2. Other non-debt resource inflows Foreign direct investment 2,068 3,366 8,055 9,453 11,324 8,531 4,976 6,306 Portfolio equity 2,253 900 5,121 5,242 4,268 -3,802 1,334 3,430 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.0 2.2 2.5 2.0 1.9 1.6 Japanese yen 47.7 46.3 53.6 56.1 58.6 56.2 59.7 63.1 Pound sterling 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 27.2 46.3 42.9 40.9 38.0 41.0 38.1 35.1 4. Average terms of new commitments Official creditors Interest (%) 4.4 1.5 1.6 0.0 2.0 1.0 1.0 1.3 Maturity (years) 23.5 38.1 17.5 0.0 17.2 24.7 24.1 21.9 Grace period (years) 6.4 8.2 6.9 0.0 5.2 6.7 6.6 6.4 Private creditors Interest (%) 6.6 1.5 4.3 5.4 5.4 3.4 3.7 1.1 Maturity (years) 8.9 7.5 10.5 5.9 9.9 6.4 9.1 4.9 Grace period (years) 4.3 3.5 9.1 2.3 9.9 3.5 1.1 4.9 5. Major economic aggregates Gross national income (GNI) 165,281 120,809 167,799 198,726 237,961 262,864 253,428 305,087 Exports of goods, services & income 74,093 85,997 133,171 157,417 188,929 216,708 186,533 233,681 Worker remit. & comp. of employees 1,695 1,697 1,187 1,333 1,635 1,898 1,637 1,764 Imports of goods, services & income 88,161 77,269 143,821 158,468 177,190 219,263 169,156 223,731 Profit remittances on FDI 0 0 4,501 4,031 5,798 4,142 3,402 3,403 Current account balance -13,582 9,313 -7,647 2,316 15,678 2,211 21,861 14,754 International reserves 36,939 32,665 52,076 67,008 87,472 111,009 138,419 172,028 6. Ratios External debt stocks to exports (%) 135.0 92.7 34.8 29.2 24.0 23.0 31.0 30.5 External debt stocks to GNI (%) 60.5 66.0 27.6 23.1 19.0 19.0 22.8 23.4 Debt service to exports (%) 11.6 16.3 13.6 9.4 11.8 7.8 6.7 4.8 Short-term to external debt stocks (%) 44.1 18.7 34.5 38.8 40.4 38.5 46.7 54.0 Multilateral to external debt stocks (%) 3.2 6.7 1.8 1.4 0.6 0.5 0.4 0.3 Reserves to external debt stocks (%) 36.9 41.0 112.3 146.0 193.1 222.7 239.1 241.4 Reserves to imports (months) 5.0 5.1 4.3 5.1 5.9 6.1 9.8 9.2 286 THAILAND (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 55,944 61,778 30,348 28,089 27,011 30,649 30,877 32,791 Public and publicly guaranteed 16,826 29,463 14,673 12,551 10,863 11,588 11,188 11,357 Official creditors 11,187 20,820 7,862 7,023 6,297 6,947 6,468 6,843 Multilateral 3,206 5,330 819 632 288 264 208 187 of which: IBRD 1,805 2,940 386 336 63 65 74 73 IDA 102 90 73 69 66 62 59 56 Bilateral 7,981 15,489 7,043 6,391 6,009 6,683 6,259 6,656 Private creditors 5,639 8,643 6,811 5,528 4,566 4,641 4,720 4,515 of which: Bonds 1,574 2,630 4,236 3,046 2,566 1,954 1,754 1,954 Commercial banks 3,045 5,116 2,077 2,067 1,673 2,446 2,818 2,472 Private nonguaranteed 39,117 32,316 15,675 15,538 16,148 19,061 19,689 21,434 of which: Bonds 7,375 8,414 4,385 3,535 3,281 3,181 3,040 4,570 Disbursements 10,715 4,031 16,133 13,725 18,130 13,049 9,043 10,565 Public and publicly guaranteed 2,758 3,031 1,871 926 564 1,598 866 510 Official creditors 1,417 2,156 434 426 274 74 76 160 Multilateral 358 751 43 36 2 2 13 5 of which: IBRD 146 456 30 31 2 2 13 5 IDA 0 0 0 0 0 0 0 0 Bilateral 1,059 1,405 391 389 272 73 63 155 Private creditors 1,341 876 1,436 500 290 1,524 790 350 of which: Bonds 242 0 936 200 290 524 0 350 Commercial banks 1,088 455 300 300 0 1,000 790 0 Private nonguaranteed 7,956 1,000 14,262 12,799 17,566 11,451 8,177 10,055 of which: Bonds 2,080 0 1,300 735 475 0 0 1,900 Principal repayments 4,398 8,945 16,553 12,834 20,475 15,226 10,911 9,661 Public and publicly guaranteed 1,888 3,010 2,798 2,800 1,988 2,531 1,188 1,168 Official creditors 925 1,666 2,321 1,211 1,272 1,008 468 534 Multilateral 360 753 528 224 351 30 69 27 of which: IBRD 201 181 128 81 275 0 4 7 IDA 2 3 3 3 3 3 3 3 Bilateral 566 912 1,793 987 921 978 399 507 Private creditors 962 1,344 477 1,589 716 1,522 720 634 of which: Bonds 199 174 172 1,308 219 1,192 200 150 Commercial banks 430 1,072 261 179 397 227 428 423 Private nonguaranteed 2,510 5,935 13,755 10,034 18,488 12,696 9,723 8,493 of which: Bonds 0 1,044 908 1,585 729 100 141 370 Interest payments 2,646 3,776 1,121 1,158 959 1,285 1,220 1,201 Public and publicly guaranteed 874 1,577 484 499 397 450 365 356 Official creditors 521 1,008 234 188 155 120 112 113 Multilateral 218 350 54 36 26 9 6 2 of which: IBRD 135 178 29 21 16 3 2 1 IDA 1 1 1 1 1 0 0 0 Bilateral 302 658 180 153 129 111 106 110 Private creditors 353 569 250 311 242 330 253 243 of which: Bonds 97 193 158 188 125 107 60 61 Commercial banks 195 353 77 106 103 212 189 179 Private nonguaranteed 1,772 2,199 637 658 562 836 855 845 of which: Bonds 222 476 286 268 275 244 251 234 8. Debt stock-flow reconciliation Total change in external debt stocks 34,505 -17,050 -3,072 -461 -595 4,532 8,048 13,376 Net flows on external debt 21,233 -13,649 4,106 2,689 -1,862 -1,288 5,948 12,373 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 482 427 449 452 510 542 550 537 Interest 124 125 122 118 111 103 94 84 Private creditors Principal 6,151 3,999 3,371 2,344 3,191 873 1,324 526 Interest 534 428 351 297 229 173 149 127 Notes: Short-term debt data from 2007 are based on reports provided by the country. 287 TOGO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,476 1,430 1,673 1,777 1,957 1,627 1,633 1,728 Long-term external debt 1,286 1,228 1,440 1,541 1,642 1,469 1,494 1,534 Public and publicly guaranteed 1,286 1,228 1,440 1,541 1,642 1,469 1,494 1,534 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 105 70 14 8 2 48 91 133 Short-term external debt 85 132 220 227 313 110 48 61 interest arrears on long-term 27 63 168 208 237 26 31 32 Memorandum items Principal arrears on long-term 64 62 308 365 431 47 41 49 Long-term public sector debt 1,286 1,228 1,440 1,541 1,642 1,469 1,494 1,534 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 69 0 26 51 20 0 212 40 External debt flows Disbursements 59 24 10 48 3 52 76 128 Long-term external debt 26 24 10 48 3 2 35 84 IMF purchases 33 0 0 0 0 49 41 44 Principal repayments 18 19 19 22 11 142 41 26 Long-term external debt 7 10 8 16 4 141 41 26 IMF repurchases 11 9 11 6 7 2 0 0 Net flows 39 -44 17 -7 49 -83 -33 113 Long-term external debt 19 14 2 32 -1 -138 -7 58 Short-term external debt -2 -49 26 -33 57 8 -67 12 Interest payments 11 10 2 4 4 54 14 9 Long-term external debt 8 5 0 2 1 51 13 8 IMF charges 1 0 0 0 0 0 0 0 Short-term external debt 3 5 1 2 2 3 0 1 2. Other non-debt resource inflows Foreign direct investment 26 42 77 77 49 24 49 41 Portfolio equity 0 6 16 10 6 1 2 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 18.4 19.2 20.1 14.8 14.8 13.1 Japanese yen 3.3 6.2 5.0 4.6 4.5 4.1 4.0 4.2 Pound sterling 1.7 1.6 1.2 1.3 1.2 0.1 0.1 0.1 Swiss franc 10.9 7.8 9.3 9.3 9.5 4.4 4.3 4.6 U.S.dollars 47.4 52.6 49.8 48.4 47.0 58.7 56.7 54.4 4. Average terms of new commitments Official creditors Interest (%) 0.7 0.0 1.7 1.3 1.0 0.0 1.9 2.2 Maturity (years) 37.6 0.0 25.8 20.9 20.1 0.0 21.8 23.3 Grace period (years) 9.9 0.0 6.2 5.0 0.6 0.0 8.1 7.5 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) 1,265 1,300 1,831 1,995 2,198 2,804 2,812 2,826 Exports of goods, services & income 473 457 857 879 974 1,217 1,265 .. Worker remit. & comp. of employees 15 34 193 232 284 337 335 333 Imports of goods, services & income 713 664 1,249 1,299 1,469 1,760 1,777 .. Profit remittances on FDI 1 17 47 55 44 49 42 .. Current account balance -122 -140 -204 -176 -216 -219 -177 .. International reserves 130 141 192 375 438 582 703 715 6. Ratios External debt stocks to exports (%) 311.7 313.1 195.2 202.2 200.9 133.7 129.1 .. External debt stocks to GNI (%) 116.7 110.0 91.4 89.1 89.0 58.0 58.1 61.1 Debt service to exports (%) 6.2 6.5 2.4 3.0 1.5 16.1 4.4 .. Short-term to external debt stocks (%) 5.8 9.3 13.1 12.8 16.0 6.8 3.0 3.5 Multilateral to external debt stocks (%) 48.3 53.6 52.6 53.0 50.8 52.0 50.6 48.4 Reserves to external debt stocks (%) 8.8 9.9 11.4 21.1 22.4 35.8 43.1 41.4 Reserves to imports (months) 2.2 2.5 1.8 3.5 3.6 4.0 4.7 .. 288 TOGO (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,286 1,228 1,440 1,541 1,642 1,469 1,494 1,534 Public and publicly guaranteed 1,286 1,228 1,440 1,541 1,642 1,469 1,494 1,534 Official creditors 1,235 1,228 1,440 1,541 1,642 1,469 1,494 1,534 Multilateral 713 766 880 942 994 846 827 837 of which: IBRD 0 0 0 0 0 0 0 0 IDA 541 604 667 696 723 604 586 554 Bilateral 522 461 560 599 648 623 667 697 Private creditors 52 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 52 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 26 24 10 48 3 2 35 84 Public and publicly guaranteed 26 24 10 48 3 2 35 84 Official creditors 26 24 10 48 3 2 35 84 Multilateral 26 21 10 25 3 2 12 47 of which: IBRD 0 0 0 0 0 0 0 0 IDA 20 15 0 0 0 0 0 0 Bilateral 0 4 0 23 0 0 23 37 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 Principal repayments 7 10 8 16 4 141 41 26 Public and publicly guaranteed 7 10 8 16 4 141 41 26 Official creditors 7 10 8 16 4 141 41 26 Multilateral 6 9 1 2 3 140 41 26 of which: IBRD 0 0 0 0 0 0 0 0 IDA 3 5 0 0 0 117 22 22 Bilateral 1 2 7 14 2 1 0 0 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 Interest payments 8 5 0 2 1 51 13 8 Public and publicly guaranteed 8 5 0 2 1 51 13 8 Official creditors 8 5 0 2 1 51 13 8 Multilateral 5 5 0 0 1 51 12 7 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 3 0 0 0 40 5 4 Bilateral 3 0 0 1 1 0 1 1 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 20 -94 -151 104 180 -329 6 95 Net flows on external debt 39 -44 17 -7 49 -83 -33 113 9. Debt restructurings Total amount rescheduled 133 0 0 0 0 274 35 30 Total amount forgiven 107 0 0 0 0 319 12 10 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 56 58 61 71 70 74 75 74 Interest 26 26 26 25 24 23 21 20 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt include the effects of Paris Club debt restructuring agreement signed in 2008, 2009, and 2010. Only partial implementation is included because of the late agreement date in 2010. 289 TONGA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 62.8 65.2 79.6 81.7 86.5 88.8 104.6 143.5 Long-term external debt 62.8 65.0 79.5 81.6 86.5 88.8 104.6 143.5 Public and publicly guaranteed 62.8 65.0 79.5 81.6 86.5 88.8 104.6 143.5 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 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.0 0.2 0.1 0.1 0.0 0.0 0.0 0.0 interest arrears on long-term 0.0 0.2 0.1 0.1 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 0.0 0.4 0.6 1.3 0.8 0.4 0.7 0.0 Long-term public sector debt 62.8 65.0 79.5 81.6 86.5 88.8 104.6 143.5 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 12.0 0.0 1.0 0.0 57.9 0.0 0.9 43.1 External debt flows Disbursements 6.2 5.4 4.5 2.8 4.5 8.5 17.4 40.9 Long-term external debt 6.2 5.4 4.5 2.8 4.5 8.5 17.4 40.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.4 3.7 3.7 3.2 3.6 3.7 2.4 2.7 Long-term external debt 2.4 3.7 3.7 3.2 3.6 3.7 2.4 2.7 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 3.8 1.8 0.9 -0.4 0.9 4.8 14.9 38.2 Long-term external debt 3.8 1.8 0.9 -0.4 0.9 4.8 14.9 38.2 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 0.7 0.9 1.2 0.8 1.1 1.7 1.4 2.3 Long-term external debt 0.7 0.9 1.2 0.8 1.1 1.7 1.4 2.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment .. 4.8 7.2 10.1 27.7 4.2 0.0 16.2 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.3 5.8 3.6 0.1 0.1 0.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.6 0.2 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 10.7 4.8 28.0 31.2 35.1 33.8 30.3 21.4 4. Average terms of new commitments Official creditors Interest (%) 4.5 0.0 0.8 0.0 2.0 0.0 0.0 2.0 Maturity (years) 35.9 0.0 39.9 0.0 20.8 0.0 0.0 20.2 Grace period (years) 8.9 0.0 10.4 0.0 5.8 0.0 0.0 5.2 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 3.7 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 10.1 11.5 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) 206.2 191.0 259.6 300.1 312.2 355.5 332.6 361.7 Exports of goods, services & income .. .. 59.5 44.2 51.1 60.1 53.6 54.9 Worker remit. & comp. of employees .. .. 68.9 78.9 101.3 94.3 71.5 84.6 Imports of goods, services & income .. .. 157.3 158.1 181.3 222.4 194.4 160.3 Profit remittances on FDI .. .. .. 0.0 0.0 0.0 0.0 .. Current account balance .. .. -21.3 -31.1 -19.4 -66.0 -54.2 .. International reserves 28.7 24.6 46.9 48.0 65.2 69.8 95.7 104.5 6. Ratios External debt stocks to exports (%) .. .. 133.9 184.7 169.2 147.9 195.1 261.4 External debt stocks to GNI (%) 30.5 34.2 30.7 27.2 27.7 25.0 31.4 39.7 Debt service to exports (%) .. .. 8.2 9.1 9.2 9.1 7.2 9.1 Short-term to external debt stocks (%) .. 0.4 0.1 0.2 .. .. .. .. Multilateral to external debt stocks (%) 66.4 81.9 84.4 85.4 87.0 81.3 69.7 49.3 Reserves to external debt stocks (%) 45.7 37.8 58.9 58.7 75.4 78.5 91.5 72.8 Reserves to imports (months) .. .. 3.6 3.6 4.3 3.8 5.9 7.8 290 TONGA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 62.8 65.0 79.5 81.6 86.5 88.8 104.6 143.5 Public and publicly guaranteed 62.8 65.0 79.5 81.6 86.5 88.8 104.6 143.5 Official creditors 58.5 65.0 79.5 81.6 86.5 88.8 103.7 142.4 Multilateral 41.7 53.4 67.2 69.8 75.2 72.2 72.9 70.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 4.8 4.0 12.6 16.0 21.1 21.6 23.2 23.6 Bilateral 16.8 11.6 12.3 11.8 11.2 16.6 30.8 71.7 Private creditors 4.3 0.0 0.0 0.0 0.0 0.0 0.9 1.1 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 0.0 0.0 0.0 0.3 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 6.2 5.4 4.5 2.8 4.5 8.5 17.4 40.9 Public and publicly guaranteed 6.2 5.4 4.5 2.8 4.5 8.5 17.4 40.9 Official creditors 6.2 5.4 4.5 2.8 4.5 8.5 16.5 40.7 Multilateral 6.2 3.0 4.5 2.8 4.5 0.7 1.6 1.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.0 4.5 2.8 4.5 0.7 1.6 1.0 Bilateral 0.0 2.4 0.0 0.0 0.0 7.8 15.0 39.7 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.8 0.2 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 0.2 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 2.4 3.7 3.7 3.2 3.6 3.7 2.4 2.7 Public and publicly guaranteed 2.4 3.7 3.7 3.2 3.6 3.7 2.4 2.7 Official creditors 2.4 2.4 3.7 3.2 3.6 3.7 2.4 2.6 Multilateral 0.8 1.0 2.6 2.0 2.1 2.3 1.5 2.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 Bilateral 1.7 1.4 1.1 1.2 1.4 1.5 0.8 0.6 Private creditors 0.0 1.3 0.0 0.0 0.0 0.0 0.0 0.1 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 0.0 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 0.9 1.2 0.8 1.1 1.7 1.4 2.3 Public and publicly guaranteed 0.7 0.9 1.2 0.8 1.1 1.7 1.4 2.3 Official creditors 0.7 0.8 1.2 0.8 1.1 1.7 1.4 2.3 Multilateral 0.5 0.5 0.9 0.7 0.8 0.9 0.6 0.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.2 Bilateral 0.2 0.3 0.3 0.1 0.3 0.8 0.8 1.6 Private creditors 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.1 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 0.0 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 5.2 -3.6 -5.3 2.1 4.8 2.4 15.8 38.9 Net flows on external debt 3.8 1.8 0.9 -0.4 0.9 4.8 14.9 38.2 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 1.7 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 4.4 4.5 6.7 7.8 10.6 10.6 10.6 10.2 Interest 2.9 3.0 3.0 3.0 2.9 2.8 2.6 2.4 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: Short-term debt data from 2005 and long-term private nonguaranteed debt data from 2009 are based on reports provided by the country. 291 TUNISIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 10,818 11,307 17,875 18,634 20,441 20,773 21,711 21,584 Long-term external debt 9,215 9,684 14,740 15,277 16,457 16,446 16,910 16,605 Public and publicly guaranteed 9,022 8,884 12,999 13,438 14,508 14,439 14,840 14,609 Private nonguaranteed 193 800 1,741 1,839 1,949 2,007 2,070 1,996 Use of IMF credit 293 32 0 0 0 0 0 0 Short-term external debt 1,310 1,590 3,135 3,357 3,984 4,327 4,801 4,979 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 0 0 0 0 0 0 0 Long-term public sector debt 9,016 8,884 12,969 13,408 14,418 14,344 14,692 14,412 Long-term private sector debt 200 800 1,772 1,869 2,038 2,102 2,218 2,193 Public & publicly guaranteed commitments 1,949 1,412 1,738 1,175 992 1,497 1,511 812 External debt flows Disbursements 1,389 1,542 1,256 1,453 1,615 1,079 1,547 1,714 Long-term external debt 1,389 1,542 1,256 1,453 1,615 1,079 1,547 1,714 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 939 1,336 1,186 1,652 1,570 1,167 1,347 1,633 Long-term external debt 924 1,295 1,186 1,652 1,570 1,167 1,347 1,633 IMF repurchases 15 40 0 0 0 0 0 0 Net flows 654 259 -141 22 672 255 675 258 Long-term external debt 465 246 69 -200 45 -88 201 81 Short-term external debt 204 52 -210 222 627 343 474 177 Interest payments 541 570 848 881 926 845 758 716 Long-term external debt 486 489 686 686 742 744 700 647 IMF charges 17 3 0 0 0 0 0 0 Short-term external debt 38 78 162 195 184 101 58 68 2. Other non-debt resource inflows Foreign direct investment 264 752 723 3,270 1,532 2,638 1,595 1,401 Portfolio equity 12 -18 12 65 30 -39 -89 -26 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 40.1 46.7 50.2 48.5 49.0 49.1 Japanese yen 13.5 21.6 17.4 14.4 15.4 19.5 18.5 18.2 Pound sterling 0.0 0.5 0.3 0.2 0.1 0.1 0.1 0.1 Swiss franc 0.2 0.7 0.5 0.4 0.3 0.3 0.3 0.2 U.S.dollars 17.5 30.0 20.3 17.7 14.3 12.8 12.5 12.0 4. Average terms of new commitments Official creditors Interest (%) 6.2 4.0 3.1 2.9 2.1 2.9 2.0 1.2 Maturity (years) 24.2 20.8 19.0 21.3 22.3 20.7 21.7 21.6 Grace period (years) 4.6 6.0 3.7 6.5 5.9 5.2 5.3 4.1 Private creditors Interest (%) 6.0 3.9 4.4 4.8 3.4 4.5 3.2 1.9 Maturity (years) 8.5 14.4 14.4 13.2 19.9 11.3 15.8 16.9 Grace period (years) 5.1 12.5 12.7 1.8 18.9 1.6 4.4 4.1 5. Major economic aggregates Gross national income (GNI) 17,174 18,526 27,309 29,553 33,625 38,471 41,240 42,242 Exports of goods, services & income 8,098 8,701 14,969 16,350 20,631 25,719 20,235 22,667 Worker remit. & comp. of employees 680 796 1,393 1,510 1,716 1,977 1,964 1,970 Imports of goods, services & income 9,646 10,347 16,580 18,412 23,167 29,352 23,420 26,706 Profit remittances on FDI 174 468 962 988 1,523 1,958 1,588 1,658 Current account balance -774 -821 -299 -619 -917 -1,711 -1,234 -2,104 International reserves 1,689 1,871 4,548 6,912 8,032 9,039 11,294 9,764 6. Ratios External debt stocks to exports (%) 133.6 129.9 119.4 114.0 99.1 80.8 107.3 95.2 External debt stocks to GNI (%) 63.0 61.0 65.5 63.1 60.8 54.0 52.6 51.1 Debt service to exports (%) 18.3 21.9 13.6 15.5 12.1 7.8 10.4 10.4 Short-term to external debt stocks (%) 12.1 14.1 17.5 18.0 19.5 20.8 22.1 23.1 Multilateral to external debt stocks (%) 35.0 30.7 30.6 30.4 30.5 28.5 30.0 30.9 Reserves to external debt stocks (%) 15.6 16.6 25.4 37.1 39.3 43.5 52.0 45.2 Reserves to imports (months) 2.1 2.2 3.3 4.5 4.2 3.7 5.8 4.4 292 TUNISIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 9,215 9,684 14,740 15,277 16,457 16,446 16,910 16,605 Public and publicly guaranteed 9,022 8,884 12,999 13,438 14,508 14,439 14,840 14,609 Official creditors 7,398 6,089 8,387 8,724 9,536 9,263 9,960 10,158 Multilateral 3,783 3,477 5,477 5,657 6,227 5,919 6,514 6,664 of which: IBRD 1,717 1,211 1,565 1,444 1,571 1,353 1,385 1,381 IDA 49 39 28 26 24 22 20 18 Bilateral 3,616 2,612 2,909 3,067 3,308 3,344 3,446 3,494 Private creditors 1,624 2,795 4,613 4,714 4,972 5,176 4,880 4,452 of which: Bonds 535 1,327 3,510 3,636 3,899 4,050 3,776 3,819 Commercial banks 236 786 817 847 900 998 994 570 Private nonguaranteed 193 800 1,741 1,839 1,949 2,007 2,070 1,996 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,389 1,542 1,256 1,453 1,615 1,079 1,547 1,714 Public and publicly guaranteed 1,359 1,242 1,126 1,283 1,426 909 1,367 1,540 Official creditors 611 709 843 963 1,103 831 1,314 1,504 Multilateral 467 428 606 673 846 550 943 1,094 of which: IBRD 138 136 177 112 161 70 184 234 IDA 0 0 0 0 0 0 0 0 Bilateral 145 281 236 290 256 282 370 411 Private creditors 747 533 283 320 324 77 54 36 of which: Bonds 588 0 249 251 255 0 0 0 Commercial banks 56 488 32 67 68 72 50 29 Private nonguaranteed 30 300 130 170 189 170 180 174 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 924 1,295 1,186 1,652 1,570 1,167 1,347 1,633 Public and publicly guaranteed 889 1,263 1,128 1,580 1,491 1,055 1,230 1,385 Official creditors 639 661 868 1,152 1,094 952 832 873 Multilateral 363 408 533 843 783 635 502 546 of which: IBRD 203 150 232 366 169 273 152 157 IDA 2 2 2 2 2 2 2 2 Bilateral 276 253 336 309 310 317 330 327 Private creditors 250 602 260 429 397 102 399 512 of which: Bonds 0 371 136 301 250 0 313 0 Commercial banks 63 134 63 67 86 62 61 462 Private nonguaranteed 35 32 58 72 79 112 117 249 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 486 489 686 686 742 744 700 647 Public and publicly guaranteed 478 479 584 595 619 629 598 546 Official creditors 368 297 332 336 354 364 334 308 Multilateral 255 215 249 262 270 286 261 237 of which: IBRD 129 79 69 72 67 74 57 42 IDA 0 0 0 0 0 0 0 0 Bilateral 113 82 83 74 83 78 73 71 Private creditors 110 182 251 259 265 265 263 238 of which: Bonds 14 99 200 211 216 217 217 193 Commercial banks 18 37 36 35 38 39 40 39 Private nonguaranteed 8 10 102 91 123 115 102 102 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 1,205 -553 -1,627 759 1,807 332 939 -127 Net flows on external debt 654 259 -141 22 672 255 675 258 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,246 1,098 1,037 1,032 1,055 988 958 874 Interest 280 271 256 238 215 192 167 144 Private creditors Principal 1,437 1,112 847 260 211 168 413 106 Interest 310 223 165 135 124 114 104 88 Notes: Long-term private nonguaranteed debt data for 2010 are World Bank staff estimates based on information provided by the government. Short-term debt is based on reports provided by the country. 293 TURKEY (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 73,781 116,646 168,818 204,788 252,950 284,080 271,225 293,872 Long-term external debt 57,396 83,558 115,889 151,403 202,656 222,452 213,555 210,123 Public and publicly guaranteed 50,317 55,730 64,470 69,827 82,455 83,764 87,083 93,088 Private nonguaranteed 7,079 27,828 51,418 81,576 120,201 138,687 126,472 117,035 Use of IMF credit 685 4,176 14,646 10,762 7,158 8,524 7,958 5,627 Short-term external debt 15,701 28,912 38,283 42,623 43,135 53,104 49,711 78,123 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 50,131 55,713 64,299 69,616 81,973 82,706 85,810 91,707 Long-term private sector debt 7,265 27,846 51,589 81,787 120,683 139,745 127,746 118,415 Public & publicly guaranteed commitments 4,435 14,470 10,464 11,233 15,722 12,258 8,716 16,476 External debt flows Disbursements 6,980 26,414 40,595 58,813 72,829 68,553 39,605 46,499 Long-term external debt 6,638 22,955 38,135 55,872 71,682 64,999 39,605 46,499 IMF purchases 341 3,459 2,461 2,941 1,147 3,554 0 0 Principal repayments 7,020 13,831 31,279 31,002 36,681 42,066 50,013 47,187 Long-term external debt 7,020 13,744 23,499 23,510 31,517 40,099 49,307 45,016 IMF repurchases 0 87 7,780 7,493 5,164 1,967 706 2,171 Net flows 4,350 18,023 16,738 32,151 36,661 36,456 -13,801 27,724 Long-term external debt -382 9,211 14,636 32,363 40,165 24,899 -9,702 1,483 Short-term external debt 4,391 5,440 7,422 4,340 512 9,969 -3,393 28,412 Interest payments 4,431 6,853 8,515 9,719 12,111 13,450 12,226 11,501 Long-term external debt 3,464 5,000 6,224 7,428 10,038 11,183 10,295 8,637 IMF charges 24 52 951 799 563 408 192 130 Short-term external debt 942 1,800 1,340 1,492 1,510 1,859 1,740 2,734 2. Other non-debt resource inflows Foreign direct investment 885 982 10,031 20,185 22,047 19,504 8,409 9,278 Portfolio equity 195 489 5,669 1,939 5,138 716 2,827 3,468 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 23.4 25.1 26.8 27.3 29.5 31.1 Japanese yen 23.3 12.1 3.8 3.2 2.8 3.8 3.7 4.5 Pound sterling 0.9 0.8 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.9 0.3 0.2 0.2 0.2 0.3 0.2 0.2 U.S.dollars 38.3 58.0 72.0 70.9 69.7 68.2 66.1 63.8 4. Average terms of new commitments Official creditors Interest (%) 5.4 6.5 2.8 4.5 4.4 3.9 2.5 1.5 Maturity (years) 17.7 14.6 24.6 16.2 18.2 22.0 18.2 20.5 Grace period (years) 5.7 4.8 6.7 6.2 6.9 6.8 7.1 9.9 Private creditors Interest (%) 6.3 8.6 6.1 6.4 6.5 6.9 6.7 4.7 Maturity (years) 4.5 11.3 13.1 11.5 14.7 13.2 9.0 16.6 Grace period (years) 2.7 8.5 12.1 10.0 13.0 10.9 8.6 12.7 5. Major economic aggregates Gross national income (GNI) 166,281 262,566 477,141 524,244 640,047 721,975 606,365 727,445 Exports of goods, services & income 38,070 53,189 108,782 123,637 150,811 182,932 148,466 159,736 Worker remit. & comp. of employees 3,327 4,560 887 1,146 1,248 1,476 970 874 Imports of goods, services & income 44,806 67,873 132,433 157,794 191,488 227,004 164,756 208,804 Profit remittances on FDI 312 279 1,051 1,182 2,213 2,940 2,914 3,044 Current account balance -2,338 -9,920 -22,197 -32,249 -38,434 -41,959 -13,991 -47,739 International reserves 13,891 23,515 52,494 63,265 76,496 73,675 74,933 85,959 6. Ratios External debt stocks to exports (%) 193.8 219.3 155.2 165.6 167.7 155.3 182.7 184.0 External debt stocks to GNI (%) 44.4 44.4 35.4 39.1 39.5 39.3 44.7 40.4 Debt service to exports (%) 30.1 38.9 36.6 32.9 32.4 30.3 41.9 36.7 Short-term to external debt stocks (%) 21.3 24.8 22.7 20.8 17.1 18.7 18.3 26.6 Multilateral to external debt stocks (%) 12.1 4.9 4.5 4.3 4.8 4.9 6.2 6.7 Reserves to external debt stocks (%) 18.8 20.2 31.1 30.9 30.2 25.9 27.6 29.3 Reserves to imports (months) 3.7 4.2 4.8 4.8 4.8 3.9 5.5 4.9 294 TURKEY (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 57,396 83,558 115,889 151,403 202,656 222,452 213,555 210,123 Public and publicly guaranteed 50,317 55,730 64,470 69,827 82,455 83,764 87,083 93,088 Official creditors 17,324 12,537 12,435 13,469 17,083 19,713 23,128 26,504 Multilateral 8,962 5,684 7,622 8,758 12,074 13,819 16,842 19,780 of which: IBRD 4,939 3,634 5,829 6,854 7,541 8,046 9,769 11,563 IDA 130 101 71 65 59 54 48 42 Bilateral 8,362 6,853 4,813 4,711 5,009 5,894 6,285 6,724 Private creditors 32,993 43,193 52,035 56,358 65,372 64,051 63,956 66,584 of which: Bonds 13,646 21,766 30,434 34,390 41,888 41,343 43,058 46,276 Commercial banks 15,643 19,313 20,836 21,386 22,996 22,293 20,503 19,837 Private nonguaranteed 7,079 27,828 51,418 81,576 120,201 138,687 126,472 117,035 of which: Bonds 149 1,784 4,025 5,776 6,662 6,759 6,606 8,502 Disbursements 6,638 22,955 38,135 55,872 71,682 64,999 39,605 46,499 Public and publicly guaranteed 4,862 14,075 7,756 9,511 13,300 10,679 9,866 14,637 Official creditors 808 2,393 1,001 2,377 3,119 3,850 4,773 5,620 Multilateral 466 1,490 851 2,013 2,754 2,781 3,719 4,788 of which: IBRD 422 1,291 461 1,796 1,223 1,198 2,281 2,785 IDA 0 0 0 0 0 0 0 0 Bilateral 342 903 151 364 366 1,069 1,054 832 Private creditors 4,053 11,682 6,754 7,134 10,181 6,829 5,093 9,017 of which: Bonds 2,343 7,118 5,230 5,509 7,463 4,000 3,739 6,665 Commercial banks 1,256 4,207 1,520 1,624 2,698 2,764 1,275 2,180 Private nonguaranteed 1,777 8,881 30,379 46,362 58,382 54,320 29,739 31,862 of which: Bonds 0 454 3,125 1,727 950 150 150 2,300 Principal repayments 7,020 13,744 23,499 23,510 31,517 40,099 49,307 45,016 Public and publicly guaranteed 5,987 6,268 7,957 6,133 6,491 7,666 6,469 5,959 Official creditors 1,991 1,745 1,653 1,672 1,674 1,576 1,650 1,788 Multilateral 1,229 1,043 863 1,003 960 934 1,002 1,131 of which: IBRD 882 486 755 807 666 628 662 690 IDA 6 6 6 6 6 6 6 6 Bilateral 762 702 790 668 714 642 648 657 Private creditors 3,996 4,523 6,303 4,462 4,816 6,091 4,819 4,171 of which: Bonds 1,716 1,869 3,993 2,463 2,798 3,902 2,387 2,684 Commercial banks 1,579 1,782 2,028 1,801 1,891 2,053 2,333 1,393 Private nonguaranteed 1,033 7,476 15,543 17,376 25,026 32,433 42,838 39,057 of which: Bonds 0 0 1,150 0 200 0 350 320 Interest payments 3,464 5,000 6,224 7,428 10,038 11,183 10,295 8,637 Public and publicly guaranteed 3,126 3,467 4,636 4,590 5,437 5,327 4,945 4,684 Official creditors 977 659 596 531 661 703 651 488 Multilateral 656 374 448 407 531 577 522 371 of which: IBRD 396 237 248 329 389 360 304 166 IDA 1 1 1 1 0 0 0 0 Bilateral 321 285 148 125 130 126 129 117 Private creditors 2,149 2,807 4,040 4,059 4,776 4,624 4,294 4,197 of which: Bonds 1,074 1,598 2,938 2,862 3,507 3,488 3,324 3,417 Commercial banks 782 1,064 1,049 1,155 1,233 1,110 952 765 Private nonguaranteed 339 1,533 1,587 2,838 4,600 5,856 5,350 3,953 of which: Bonds 13 126 338 328 412 371 288 228 8. Debt stock-flow reconciliation Total change in external debt stocks 7,532 15,019 9,327 35,971 48,161 31,130 -12,856 22,648 Net flows on external debt 4,350 18,023 16,738 32,151 36,661 36,456 -13,801 27,724 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 1,890 1,994 2,176 2,323 2,434 2,920 3,084 1,855 Interest 610 623 619 597 562 506 447 373 Private creditors Principal 34,136 26,195 20,415 15,230 16,015 11,728 11,867 5,674 Interest 7,215 7,212 6,918 5,506 5,730 4,440 4,192 3,146 Notes: Historical data are revised as data in previous publications included local currency debt data. Data on long-term public and publicly guaranteed debt include nonresident deposits made under the Dresdner Bank scheme, amounting to $10.2 billion at end-2010. Short-term debt data are based on government statistics. 295 TURKMENISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 402.2 2518.3 1058.0 886.0 743.4 638.2 552.0 421.6 Long-term external debt 384.9 2288.1 911.0 734.3 649.9 587.4 477.2 366.8 Public and publicly guaranteed 384.9 2271.3 877.8 730.5 648.2 586.8 463.3 359.5 Private nonguaranteed 0.0 16.7 33.1 3.9 1.8 0.6 13.9 7.4 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 17.4 230.3 147.0 151.7 93.5 50.8 74.8 54.8 interest arrears on long-term 9.4 5.0 5.0 3.7 3.5 0.8 0.8 0.8 Memorandum items Principal arrears on long-term 130.2 148.1 16.9 1.4 1.7 1.7 1.7 1.7 Long-term public sector debt 384.9 2271.3 877.8 730.5 648.2 586.8 463.3 359.5 Long-term private sector debt 0.0 16.7 33.1 3.9 1.8 0.6 13.9 7.4 Public & publicly guaranteed commitments 290.5 4.7 22.0 50.2 65.7 0.0 0.0 0.0 External debt flows Disbursements 113.0 430.1 89.0 9.5 38.9 25.9 35.2 25.5 Long-term external debt 113.0 430.1 89.0 9.5 38.9 25.9 35.2 25.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 80.3 353.0 261.4 216.5 166.3 140.8 146.4 142.8 Long-term external debt 80.3 353.0 261.4 216.5 166.3 140.8 146.4 142.8 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -39.2 -1.6 -280.4 -200.9 -185.4 -154.9 -87.2 -137.4 Long-term external debt 32.8 77.1 -172.4 -206.9 -127.4 -114.9 -111.2 -117.4 Short-term external debt -72.0 -78.8 -108.0 6.0 -58.0 -40.0 24.0 -20.0 Interest payments 24.1 115.2 45.9 38.3 33.9 28.9 18.6 11.5 Long-term external debt 22.1 101.9 39.1 33.2 29.8 26.7 17.6 10.8 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 2.0 13.2 6.8 5.1 4.0 2.2 1.0 0.8 2. Other non-debt resource inflows Foreign direct investment 233.0 131.0 418.2 730.9 856.0 1277.0 3867.0 2083.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 31.8 35.9 35.6 30.9 32.5 29.1 Japanese yen 0.0 31.6 43.7 43.3 40.5 41.5 33.4 28.9 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 72.1 51.5 18.2 13.4 9.8 7.9 6.4 3.6 4. Average terms of new commitments Official creditors Interest (%) 4.4 4.0 1.4 3.2 3.0 0.0 0.0 0.0 Maturity (years) 13.4 10.2 13.8 20.1 20.0 0.0 0.0 0.0 Grace period (years) 2.8 3.7 6.0 4.6 3.5 0.0 0.0 0.0 Private creditors Interest (%) 6.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 7.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2500.6 2727.4 7541.4 9651.6 11917.2 15861.1 17177.8 19774.0 Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves 1168.0 .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 16.1 92.3 14.0 9.2 6.2 4.0 3.2 2.1 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 4.3 9.1 13.9 17.1 12.6 8.0 13.5 13.0 Multilateral to external debt stocks (%) 14.5 1.9 3.8 3.4 3.1 3.1 3.1 3.4 Reserves to external debt stocks (%) 290.4 .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 296 TURKMENISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 384.9 2288.1 911.0 734.3 649.9 587.4 477.2 366.8 Public and publicly guaranteed 384.9 2271.3 877.8 730.5 648.2 586.8 463.3 359.5 Official creditors 218.8 838.6 685.9 575.2 523.4 500.2 409.5 341.6 Multilateral 58.2 48.3 40.4 30.1 23.0 20.1 17.4 14.4 of which: IBRD 0.9 28.0 29.1 21.0 15.4 14.2 12.8 11.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 160.6 790.3 645.4 545.1 500.4 480.2 392.1 327.2 Private creditors 166.0 1432.7 192.0 155.3 124.8 86.5 53.9 17.8 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 240.5 125.4 109.1 90.2 63.5 42.3 17.8 Private nonguaranteed 0.0 16.7 33.1 3.9 1.8 0.6 13.9 7.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 113.0 430.1 89.0 9.5 38.9 25.9 35.2 25.5 Public and publicly guaranteed 113.0 420.9 24.9 9.1 38.9 25.6 22.4 17.9 Official creditors 32.3 292.6 24.9 9.1 38.9 25.6 22.4 17.9 Multilateral 1.0 29.3 0.5 0.0 0.0 0.0 0.0 0.0 of which: IBRD 1.0 20.1 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 31.4 263.3 24.4 9.1 38.9 25.6 22.4 17.9 Private creditors 80.7 128.3 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 91.2 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 9.2 64.1 0.5 0.0 0.3 12.8 7.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 80.3 353.0 261.4 216.5 166.3 140.8 146.4 142.8 Public and publicly guaranteed 80.3 347.4 189.1 188.0 164.3 139.3 146.4 129.8 Official creditors 19.6 44.0 112.6 140.5 124.6 104.3 112.4 96.7 Multilateral 0.0 4.7 4.6 10.9 7.5 2.8 2.8 2.9 of which: IBRD 0.0 0.5 1.8 8.2 5.6 1.2 1.3 1.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 19.6 39.3 108.0 129.6 117.2 101.5 109.6 93.8 Private creditors 60.7 303.4 76.5 47.5 39.7 35.0 34.0 33.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 13.0 34.7 27.1 28.2 23.5 22.5 21.6 Private nonguaranteed 0.0 5.5 72.3 28.5 2.0 1.5 0.0 13.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 22.1 101.9 39.1 33.2 29.8 26.7 17.6 10.8 Public and publicly guaranteed 22.1 101.2 37.3 32.3 29.6 26.6 17.1 10.3 Official creditors 11.7 27.8 23.9 23.7 19.8 20.1 14.3 9.6 Multilateral 1.9 2.5 1.9 2.4 1.7 1.1 0.7 0.4 of which: IBRD 0.1 1.3 1.0 1.5 1.1 0.6 0.3 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 9.8 25.3 22.0 21.3 18.1 18.9 13.6 9.2 Private creditors 10.3 73.4 13.4 8.6 9.7 6.6 2.8 0.8 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 8.5 5.9 5.1 6.9 4.9 2.3 0.7 Private nonguaranteed 0.0 0.7 1.8 0.9 0.3 0.1 0.4 0.4 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 -28.8 -118.0 -464.3 -172.0 -142.6 -105.2 -86.2 -130.4 Net flows on external debt -39.2 -1.6 -280.4 -200.9 -185.4 -154.9 -87.2 -137.4 9. Debt restructurings Total amount rescheduled 0.0 48.0 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 96.1 37.5 35.3 35.7 35.7 16.2 13.8 12.9 Interest 8.5 6.7 6.0 5.3 4.6 3.7 3.3 3.0 Private creditors Principal 19.8 1.9 1.8 1.2 0.6 0.0 0.0 0.0 Interest 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Notes: Data on long-term public and publicly guaranteed debt for 2010 are World Bank staff estimates. Long-term private nonguaranteed debt data only cover European Bank for Reconstruction and Development. 297 UGANDA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 3,609 3,497 4,395 1,232 1,582 2,221 2,465 2,994 Long-term external debt 3,089 3,051 4,184 1,075 1,546 1,754 2,221 2,671 Public and publicly guaranteed 3,089 3,051 4,184 1,075 1,546 1,754 2,221 2,671 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 417 316 131 9 9 9 9 9 Short-term external debt 103 129 79 148 26 458 235 314 interest arrears on long-term 69 58 29 27 26 26 26 26 Memorandum items Principal arrears on long-term 226 124 75 64 53 51 51 51 Long-term public sector debt 3,066 3,047 4,184 1,075 1,545 1,753 2,216 2,666 Long-term private sector debt 23 5 0 0 1 1 5 5 Public & publicly guaranteed commitments 95 145 382 166 686 621 783 908 External debt flows Disbursements 290 230 230 250 473 275 493 486 Long-term external debt 234 219 224 247 473 275 493 486 IMF purchases 56 12 6 3 0 0 0 0 Principal repayments 97 48 135 70 50 52 49 40 Long-term external debt 69 26 99 70 50 52 49 40 IMF repurchases 28 21 36 0 0 0 0 0 Net flows 189 177 85 251 303 655 221 525 Long-term external debt 165 192 125 177 424 223 444 446 Short-term external debt -4 -6 -10 71 -121 432 -223 79 Interest payments 38 26 35 28 15 22 22 24 Long-term external debt 34 21 33 24 12 15 18 21 IMF charges 2 2 0 0 0 0 0 0 Short-term external debt 2 4 3 4 3 6 4 3 2. Other non-debt resource inflows Foreign direct investment 121 161 380 644 792 729 789 817 Portfolio equity .. .. .. 19 -23 13 131 -70 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 2.8 14.2 10.3 7.5 5.1 3.4 Japanese yen 1.2 1.8 0.0 0.0 0.0 0.3 0.5 0.8 Pound sterling 2.1 0.6 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 66.2 62.5 67.8 55.1 48.1 46.5 47.6 47.2 4. Average terms of new commitments Official creditors Interest (%) 0.9 0.8 0.8 0.8 0.8 0.7 0.9 0.6 Maturity (years) 39.2 40.0 45.7 39.3 41.1 40.7 41.8 40.2 Grace period (years) 10.0 7.9 10.2 9.8 9.9 9.9 9.0 11.1 Private creditors Interest (%) 0.0 7.5 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 8.2 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 2.8 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 5,698 6,086 8,966 9,728 11,687 14,160 15,516 16,720 Exports of goods, services & income 682 716 1,591 1,785 2,466 3,137 3,335 3,494 Worker remit. & comp. of employees .. 238 322 411 452 724 778 915 Imports of goods, services & income 1,603 1,574 2,653 3,297 4,275 5,691 5,547 6,425 Profit remittances on FDI 60 19 202 249 262 250 164 192 Current account balance -281 -359 -26 -396 -701 -1,314 -1,064 -1,740 International reserves 459 808 1,344 1,811 2,560 2,301 2,994 2,838 6. Ratios External debt stocks to exports (%) 529.2 488.2 276.3 69.0 64.2 70.8 73.9 85.7 External debt stocks to GNI (%) 63.3 57.5 49.0 12.7 13.5 15.7 15.9 17.9 Debt service to exports (%) 19.8 10.3 10.7 5.5 2.6 2.4 2.1 1.8 Short-term to external debt stocks (%) 2.8 3.7 1.8 12.0 1.7 20.6 9.5 10.5 Multilateral to external debt stocks (%) 61.8 75.3 89.5 69.0 84.4 70.2 81.8 80.7 Reserves to external debt stocks (%) 12.7 23.1 30.6 147.0 161.8 103.6 121.5 94.8 Reserves to imports (months) 3.4 6.2 6.1 6.6 7.2 4.9 6.5 5.3 298 UGANDA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,089 3,051 4,184 1,075 1,546 1,754 2,221 2,671 Public and publicly guaranteed 3,089 3,051 4,184 1,075 1,546 1,754 2,221 2,671 Official creditors 3,002 3,027 4,182 1,073 1,545 1,753 2,220 2,671 Multilateral 2,232 2,634 3,932 850 1,335 1,560 2,017 2,416 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,792 2,115 3,141 436 840 1,004 1,379 1,682 Bilateral 770 393 250 223 210 193 203 255 Private creditors 87 24 2 2 1 0 0 0 of which: Bonds 4 4 0 0 0 0 0 0 Commercial banks 21 9 2 2 1 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 234 219 224 247 473 275 493 486 Public and publicly guaranteed 234 219 224 247 473 275 493 486 Official creditors 234 219 224 247 473 275 493 486 Multilateral 213 218 224 247 449 265 463 445 of which: IBRD 0 0 0 0 0 0 0 0 IDA 159 190 133 156 374 172 365 326 Bilateral 21 0 0 0 24 11 30 41 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 Principal repayments 69 26 99 70 50 52 49 40 Public and publicly guaranteed 69 26 99 70 50 52 49 40 Official creditors 60 25 98 69 49 52 49 39 Multilateral 49 9 34 37 24 25 29 24 of which: IBRD 12 0 0 0 0 0 0 0 IDA 8 3 21 10 0 0 1 3 Bilateral 11 16 64 33 24 27 20 15 Private creditors 9 1 1 1 1 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 7 1 1 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 Interest payments 34 21 33 24 12 15 18 21 Public and publicly guaranteed 34 21 33 24 12 15 18 21 Official creditors 32 20 32 24 12 15 18 21 Multilateral 22 10 31 23 11 13 16 19 of which: IBRD 1 0 0 0 0 0 0 0 IDA 13 6 24 14 5 7 9 11 Bilateral 10 11 2 1 1 2 2 2 Private creditors 2 0 0 0 0 0 0 0 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 211 -1 -329 -3,163 350 639 244 529 Net flows on external debt 189 177 85 251 303 655 221 525 9. Debt restructurings Total amount rescheduled 172 35 154 10 0 0 0 25 Total amount forgiven 41 217 53 3,554 20 7 0 2 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 48 53 58 59 59 61 78 92 Interest 27 29 30 31 32 31 31 30 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 299 UKRAINE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 8,429 12,185 32,488 51,221 77,481 96,696 103,435 116,808 Long-term external debt 6,664 9,665 19,237 35,030 54,137 71,351 72,587 76,104 Public and publicly guaranteed 6,581 8,136 9,649 10,872 14,450 14,703 13,482 16,246 Private nonguaranteed 84 1,528 9,588 24,158 39,687 56,648 59,106 59,858 Use of IMF credit 1,542 2,073 1,188 830 431 4,709 10,974 14,245 Short-term external debt 223 447 12,063 15,361 22,914 20,636 19,873 26,459 interest arrears on long-term 35 183 110 150 199 335 650 866 Memorandum items Principal arrears on long-term 88 567 240 286 322 653 2,651 4,013 Long-term public sector debt 6,581 8,112 9,632 10,864 14,450 14,703 13,482 16,246 Long-term private sector debt 84 1,553 9,605 24,166 39,687 56,648 59,106 59,858 Public & publicly guaranteed commitments 673 157 2,063 2,219 4,328 1,000 1,079 3,745 External debt flows Disbursements 1,997 1,628 7,965 17,878 28,515 36,388 22,600 38,932 Long-term external debt 801 1,377 7,965 17,878 28,515 31,646 16,430 35,499 IMF purchases 1,196 251 0 0 0 4,742 6,170 3,433 Principal repayments 636 2,945 4,388 7,109 8,808 14,220 18,232 25,672 Long-term external debt 636 2,096 4,088 6,699 8,381 13,879 18,143 25,672 IMF repurchases 0 849 300 410 427 341 88 0 Net flows 1,337 -1,291 5,275 14,027 27,211 19,754 3,291 19,630 Long-term external debt 165 -719 3,877 11,180 20,134 17,767 -1,713 9,827 Short-term external debt -24 26 1,698 3,258 7,504 -2,414 -1,078 6,370 Interest payments 501 708 1,425 2,199 3,097 3,712 4,591 4,429 Long-term external debt 447 572 981 1,671 2,400 3,266 4,200 3,835 IMF charges 42 122 50 53 39 14 135 241 Short-term external debt 12 14 393 475 659 433 256 353 2. Other non-debt resource inflows Foreign direct investment 267 595 7,808 5,604 9,891 10,913 4,816 6,495 Portfolio equity 0 146 82 322 715 388 105 290 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 18.6 18.6 16.6 17.0 15.2 17.0 13.3 Japanese yen 0.0 2.0 1.2 3.6 2.7 3.1 3.6 0.9 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 5.8 4.7 4.9 0.0 0.0 U.S.dollars 63.3 53.2 69.9 65.9 70.3 72.3 75.6 83.5 4. Average terms of new commitments Official creditors Interest (%) 4.7 7.3 3.6 6.2 3.5 2.3 1.4 0.6 Maturity (years) 13.4 15.2 19.8 20.0 17.9 23.7 27.5 11.5 Grace period (years) 4.8 4.5 6.0 5.5 5.6 5.2 5.0 6.0 Private creditors Interest (%) 6.5 0.0 5.2 5.1 5.9 6.3 0.0 4.9 Maturity (years) 8.0 0.0 10.7 9.6 6.6 7.0 0.0 7.0 Grace period (years) 2.5 0.0 9.9 9.6 6.6 4.0 0.0 7.0 5. Major economic aggregates Gross national income (GNI) 47,438 30,320 85,157 106,031 140,602 178,815 114,788 135,987 Exports of goods, services & income 17,337 19,665 45,136 51,571 67,657 91,031 58,877 73,970 Worker remit. & comp. of employees .. 33 595 829 4,503 5,769 5,073 5,607 Imports of goods, services & income 18,961 19,032 45,450 56,361 76,468 106,921 63,270 79,829 Profit remittances on FDI 0 43 268 996 1,178 2,506 2,542 2,218 Current account balance -1,152 1,481 2,531 -1,617 -5,272 -12,763 -1,732 -2,884 International reserves 1,069 1,477 19,388 22,360 32,484 31,543 26,501 34,571 6. Ratios External debt stocks to exports (%) 48.6 62.0 72.0 99.3 114.5 106.2 175.7 157.9 External debt stocks to GNI (%) 17.8 40.2 38.2 48.3 55.1 54.1 90.1 85.9 Debt service to exports (%) 6.6 18.6 12.9 18.0 17.6 19.7 38.8 40.7 Short-term to external debt stocks (%) 2.6 3.7 37.1 30.0 29.6 21.3 19.2 22.7 Multilateral to external debt stocks (%) 7.8 19.5 8.2 5.4 4.5 4.2 4.3 3.8 Reserves to external debt stocks (%) 12.7 12.1 59.7 43.7 41.9 32.6 25.6 29.6 Reserves to imports (months) 0.7 0.9 5.1 4.8 5.1 3.5 5.0 5.2 300 UKRAINE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 6,664 9,665 19,237 35,030 54,137 71,351 72,587 76,104 Public and publicly guaranteed 6,581 8,136 9,649 10,872 14,450 14,703 13,482 16,246 Official creditors 4,346 5,000 5,021 4,899 5,365 5,793 6,026 5,789 Multilateral 659 2,372 2,666 2,780 3,449 4,099 4,480 4,392 of which: IBRD 491 1,991 2,429 2,362 2,309 3,022 3,294 3,212 IDA 0 0 0 0 0 0 0 0 Bilateral 3,687 2,628 2,355 2,119 1,916 1,694 1,547 1,397 Private creditors 2,235 3,136 4,628 5,973 9,085 8,910 7,455 10,456 of which: Bonds 1,200 2,379 2,250 3,686 7,035 7,105 5,907 9,148 Commercial banks 130 134 1,349 1,260 1,025 786 531 296 Private nonguaranteed 84 1,528 9,588 24,158 39,687 56,648 59,106 59,858 of which: Bonds 0 0 550 1,513 4,185 4,965 5,059 5,114 Disbursements 801 1,377 7,965 17,878 28,515 31,646 16,430 35,499 Public and publicly guaranteed 732 173 1,411 2,233 4,315 923 664 3,998 Official creditors 550 141 563 319 804 918 664 313 Multilateral 525 119 556 319 800 917 607 265 of which: IBRD 401 113 484 85 115 889 509 158 IDA 0 0 0 0 0 0 0 0 Bilateral 25 22 7 0 3 2 57 49 Private creditors 182 32 847 1,915 3,511 4 0 3,685 of which: Bonds 0 0 747 1,915 3,511 0 0 3,685 Commercial banks 0 14 100 0 0 4 0 0 Private nonguaranteed 69 1,204 6,554 15,645 24,200 30,723 15,766 31,500 of which: Bonds 0 0 450 962 2,800 1,230 789 1,730 Principal repayments 636 2,096 4,088 6,699 8,381 13,879 18,143 25,672 Public and publicly guaranteed 595 1,250 1,193 1,235 1,070 703 1,942 1,107 Official creditors 165 1,208 546 532 498 456 475 468 Multilateral 127 63 265 252 246 232 263 271 of which: IBRD 0 24 168 171 189 203 235 243 IDA 0 0 0 0 0 0 0 0 Bilateral 38 1,145 281 280 252 224 212 197 Private creditors 430 42 647 704 572 246 1,467 639 of which: Bonds 200 33 622 602 328 0 1,209 401 Commercial banks 2 2 0 95 241 242 255 235 Private nonguaranteed 40 845 2,895 5,463 7,310 13,176 16,202 24,565 of which: Bonds 0 0 0 0 129 450 695 1,925 Interest payments 447 572 981 1,671 2,400 3,266 4,200 3,835 Public and publicly guaranteed 440 500 508 564 690 635 696 469 Official creditors 306 148 130 176 185 163 168 111 Multilateral 13 139 87 135 149 135 148 98 of which: IBRD 8 118 76 121 134 118 78 34 IDA 0 0 0 0 0 0 0 0 Bilateral 293 8 43 41 36 28 20 14 Private creditors 134 352 379 388 505 472 528 357 of which: Bonds 87 344 172 158 293 295 392 251 Commercial banks 3 8 128 152 134 100 58 29 Private nonguaranteed 7 71 473 1,107 1,710 2,630 3,505 3,367 of which: Bonds 0 0 41 89 247 336 423 407 8. Debt stock-flow reconciliation Total change in external debt stocks 2,793 -1,764 3,137 18,733 26,260 19,214 6,739 13,374 Net flows on external debt 1,337 -1,291 5,275 14,027 27,211 19,754 3,291 19,630 9. Debt restructurings Total amount rescheduled 2,535 2,185 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 587 581 590 465 491 488 488 479 Interest 84 71 59 51 46 41 36 31 Private creditors Principal 17,199 11,961 8,997 4,561 7,504 3,320 2,464 7,713 Interest 2,873 2,288 1,715 1,401 1,103 912 951 1,529 Notes: Short-term debt is based on reports provided by the National Bank of Ukraine. 301 URUGUAY (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 5,318 8,408 11,101 9,611 9,837 9,644 11,131 11,347 Long-term external debt 3,960 5,873 8,061 8,872 8,929 8,827 10,007 9,797 Public and publicly guaranteed 3,833 5,551 7,736 8,552 8,642 8,640 9,927 9,704 Private nonguaranteed 127 322 325 319 287 187 80 93 Use of IMF credit 21 149 2,304 0 0 0 0 0 Short-term external debt 1,336 2,387 736 739 908 817 1,124 1,550 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 3,831 5,550 7,736 8,552 8,642 8,640 9,927 9,704 Long-term private sector debt 130 322 325 319 287 187 80 93 Public & publicly guaranteed commitments 452 759 2,855 1,516 591 897 1,623 148 External debt flows Disbursements 661 928 1,626 1,791 544 682 1,575 417 Long-term external debt 661 928 1,329 1,493 544 682 1,575 417 IMF purchases 0 0 297 298 0 0 0 0 Principal repayments 484 666 1,276 4,937 540 913 534 700 Long-term external debt 474 666 807 2,267 540 913 534 700 IMF repurchases 10 0 469 2,670 0 0 0 0 Net flows 281 382 203 -3,143 173 -321 1,348 144 Long-term external debt 187 262 522 -774 4 -230 1,041 -282 Short-term external debt 104 120 -147 3 169 -91 307 426 Interest payments 379 544 629 723 659 499 446 670 Long-term external debt 298 413 434 580 609 462 395 599 IMF charges 2 8 115 106 5 0 0 0 Short-term external debt 80 123 80 37 45 37 51 71 2. Other non-debt resource inflows Foreign direct investment 157 269 847 1,493 1,329 1,809 1,262 1,627 Portfolio equity 0 5 -2 -27 2 -12 -12 -12 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 8.5 7.3 7.3 5.6 5.0 4.7 Japanese yen 6.4 3.4 2.9 2.5 5.4 6.4 5.1 5.6 Pound sterling 1.9 1.0 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 53.8 80.8 83.9 86.5 84.1 85.1 87.8 89.3 4. Average terms of new commitments Official creditors Interest (%) 3.9 7.2 4.6 5.4 5.6 3.7 2.2 1.4 Maturity (years) 14.9 14.8 17.7 21.2 16.3 11.7 17.0 19.1 Grace period (years) 5.5 5.2 5.3 4.9 6.4 3.1 7.2 6.4 Private creditors Interest (%) 7.0 7.8 8.0 7.6 2.2 8.0 8.6 2.3 Maturity (years) 7.2 7.7 15.3 30.0 10.0 8.3 15.0 19.3 Grace period (years) 3.3 7.2 15.0 30.0 10.0 7.8 13.0 8.1 5. Major economic aggregates Gross national income (GNI) 18,994 22,757 16,863 19,366 23,359 30,449 30,651 39,162 Exports of goods, services & income 3,911 4,441 5,648 6,529 7,818 10,130 9,070 11,020 Worker remit. & comp. of employees .. .. 77 89 96 108 101 103 Imports of goods, services & income 4,200 5,035 5,750 7,047 8,176 11,758 9,004 11,302 Profit remittances on FDI 54 99 228 261 531 663 401 730 Current account balance -213 -566 42 -392 -220 -1,480 207 -160 International reserves 1,813 2,776 3,078 3,091 4,121 6,360 8,038 7,656 6. Ratios External debt stocks to exports (%) 136.0 189.3 196.5 147.2 125.8 95.2 122.7 103.0 External debt stocks to GNI (%) 28.0 36.9 65.8 49.6 42.1 31.7 36.3 29.0 Debt service to exports (%) 22.1 27.2 33.7 86.7 15.3 13.9 10.8 12.4 Short-term to external debt stocks (%) 25.1 28.4 6.6 7.7 9.2 8.5 10.1 13.7 Multilateral to external debt stocks (%) 23.7 22.9 27.9 26.4 25.7 30.4 32.8 30.8 Reserves to external debt stocks (%) 34.1 33.0 27.7 32.2 41.9 66.0 72.2 67.5 Reserves to imports (months) 5.2 6.6 6.4 5.3 6.0 6.5 10.7 8.1 302 URUGUAY (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,960 5,873 8,061 8,872 8,929 8,827 10,007 9,797 Public and publicly guaranteed 3,833 5,551 7,736 8,552 8,642 8,640 9,927 9,704 Official creditors 1,588 2,228 3,244 2,714 2,702 3,092 3,790 3,611 Multilateral 1,259 1,926 3,097 2,533 2,529 2,936 3,653 3,495 of which: IBRD 513 552 816 653 666 713 1,099 1,055 IDA 0 0 0 0 0 0 0 0 Bilateral 329 302 146 181 173 157 137 117 Private creditors 2,245 3,323 4,492 5,838 5,940 5,547 6,138 6,093 of which: Bonds 1,963 2,774 4,201 5,789 5,896 5,464 6,071 6,021 Commercial banks 252 530 279 38 34 77 63 70 Private nonguaranteed 127 322 325 319 287 187 80 93 of which: Bonds 110 300 300 300 287 187 80 93 Disbursements 661 928 1,329 1,493 544 682 1,575 417 Public and publicly guaranteed 591 928 1,329 1,493 457 682 1,575 417 Official creditors 128 300 389 205 199 632 966 398 Multilateral 103 299 384 159 189 632 966 398 of which: IBRD 32 134 134 42 74 147 450 46 IDA 0 0 0 0 0 0 0 0 Bilateral 25 1 5 46 10 0 0 0 Private creditors 463 629 940 1,289 259 51 609 19 of which: Bonds 348 615 919 1,286 255 2 599 0 Commercial banks 111 1 21 3 4 48 11 19 Private nonguaranteed 70 0 0 0 87 0 0 0 of which: Bonds 70 0 0 0 87 0 0 0 Principal repayments 474 666 807 2,267 540 913 534 700 Public and publicly guaranteed 469 606 799 2,261 421 813 434 700 Official creditors 124 162 341 746 230 253 288 593 Multilateral 117 121 328 732 208 231 267 573 of which: IBRD 78 58 104 205 61 85 85 88 IDA 0 0 0 0 0 0 0 0 Bilateral 7 42 13 14 21 22 21 21 Private creditors 345 443 458 1,515 191 560 146 106 of which: Bonds 273 285 260 1,268 181 552 95 93 Commercial banks 66 154 196 245 9 5 49 11 Private nonguaranteed 5 60 8 5 119 100 100 0 of which: Bonds 0 47 0 0 100 100 100 0 Interest payments 298 413 434 580 609 462 395 599 Public and publicly guaranteed 293 381 406 553 583 449 384 592 Official creditors 124 147 152 152 145 129 126 152 Multilateral 91 134 149 149 140 124 122 149 of which: IBRD 40 42 34 41 38 31 28 15 IDA 0 0 0 0 0 0 0 0 Bilateral 33 13 3 3 5 5 4 3 Private creditors 169 233 255 401 438 320 258 440 of which: Bonds 151 182 242 391 436 318 254 437 Commercial banks 15 51 12 9 2 1 3 3 Private nonguaranteed 4 33 27 27 26 13 11 8 of which: Bonds 3 29 26 26 25 13 11 7 8. Debt stock-flow reconciliation Total change in external debt stocks 243 518 -604 -1,490 227 -193 1,488 216 Net flows on external debt 281 382 203 -3,143 173 -321 1,348 144 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 4 0 0 0 Debt buyback 0 0 0 955 178 542 1 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 285 272 290 311 306 295 407 255 Interest 73 68 62 56 49 42 34 28 Private creditors Principal 278 44 37 26 162 305 760 25 Interest 447 438 436 433 426 400 377 354 Notes: Long-term private nonguaranteed debt data only cover Bonds. Short-term debt data are based on reports provided by the Central Bank data. 303 UZBEKISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 1,799 4,633 4,282 4,074 4,211 4,686 6,550 7,404 Long-term external debt 1,430 4,224 4,170 3,916 4,013 4,465 6,386 7,167 Public and publicly guaranteed 1,415 3,762 3,619 3,289 3,134 3,144 3,246 3,426 Private nonguaranteed 15 462 551 627 879 1,321 3,141 3,741 Use of IMF credit 157 127 0 0 0 0 0 0 Short-term external debt 212 282 112 158 198 221 163 238 interest arrears on long-term 0 3 8 0 2 10 19 70 Memorandum items Principal arrears on long-term 0 17 35 0 37 34 56 92 Long-term public sector debt 1,288 3,605 3,577 3,276 3,115 3,138 3,241 3,423 Long-term private sector debt 142 618 592 640 898 1,327 3,145 3,744 Public & publicly guaranteed commitments 980 310 212 107 428 305 432 1,546 External debt flows Disbursements 791 769 400 349 661 1,012 2,633 1,183 Long-term external debt 630 769 400 349 661 1,012 2,633 1,183 IMF purchases 161 0 0 0 0 0 0 0 Principal repayments 149 648 642 677 649 711 717 471 Long-term external debt 149 583 623 677 649 711 717 471 IMF repurchases 0 65 18 0 0 0 0 0 Net flows 563 -223 -308 -274 50 316 1,849 737 Long-term external debt 481 186 -223 -328 12 301 1,916 713 Short-term external debt -79 -344 -66 54 38 15 -67 24 Interest payments 95 237 145 173 175 149 123 124 Long-term external debt 80 206 141 170 168 141 120 118 IMF charges 3 9 0 0 0 0 0 0 Short-term external debt 13 23 4 3 7 8 2 6 2. Other non-debt resource inflows Foreign direct investment -24 75 192 174 705 711 711 822 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 17.9 17.8 17.6 14.5 12.6 10.4 Japanese yen 3.1 21.2 21.4 21.3 22.6 26.9 23.8 22.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.5 0.4 0.4 0.3 0.2 0.2 U.S.dollars 66.5 56.7 52.9 51.9 49.7 48.4 53.0 54.5 4. Average terms of new commitments Official creditors Interest (%) 5.2 6.0 1.9 2.9 2.8 2.3 1.3 1.4 Maturity (years) 18.1 18.4 25.8 22.2 20.9 24.9 26.6 24.7 Grace period (years) 5.1 4.4 7.3 6.7 6.0 6.0 6.9 6.7 Private creditors Interest (%) 7.1 7.3 0.0 4.3 4.7 4.8 3.6 2.6 Maturity (years) 9.1 6.4 0.0 6.6 5.4 6.1 12.9 7.7 Grace period (years) 2.5 1.4 0.0 1.1 0.9 1.6 3.4 1.9 5. Major economic aggregates Gross national income (GNI) 13,324 13,541 14,283 16,942 22,385 27,490 32,636 39,013 Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 13.5 34.2 30.0 24.0 18.8 17.0 20.1 19.0 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 11.8 6.1 2.6 3.9 4.7 4.7 2.5 3.2 Multilateral to external debt stocks (%) 13.7 9.8 18.5 20.3 20.6 19.6 16.3 15.9 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 304 UZBEKISTAN (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 1,430 4,224 4,170 3,916 4,013 4,465 6,386 7,167 Public and publicly guaranteed 1,415 3,762 3,619 3,289 3,134 3,144 3,246 3,426 Official creditors 1,023 2,117 2,445 2,393 2,458 2,664 2,912 3,173 Multilateral 246 454 791 826 868 920 1,065 1,175 of which: IBRD 157 217 299 316 317 313 284 259 IDA 0 0 11 26 43 55 83 114 Bilateral 777 1,663 1,653 1,567 1,590 1,744 1,847 1,998 Private creditors 393 1,645 1,175 896 676 480 333 252 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 368 193 149 125 111 73 58 Private nonguaranteed 15 462 551 627 879 1,321 3,141 3,741 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 630 769 400 349 661 1,012 2,633 1,183 Public and publicly guaranteed 619 713 255 173 229 315 481 447 Official creditors 399 409 193 156 209 277 473 433 Multilateral 246 121 136 110 93 106 212 192 of which: IBRD 162 31 25 32 17 15 5 5 IDA 0 0 7 13 16 13 28 32 Bilateral 154 288 57 46 116 171 260 240 Private creditors 219 304 62 17 21 37 8 15 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 59 34 10 20 37 1 15 Private nonguaranteed 12 56 145 177 432 697 2,152 736 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 149 583 623 677 649 711 717 471 Public and publicly guaranteed 148 443 510 579 496 458 383 340 Official creditors 119 148 177 237 218 239 223 254 Multilateral 0 29 67 82 61 67 67 86 of which: IBRD 0 5 20 21 25 29 32 32 IDA 0 0 0 0 0 0 0 0 Bilateral 119 119 110 155 157 172 156 168 Private creditors 29 295 333 341 278 219 161 86 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 72 49 62 51 47 40 27 Private nonguaranteed 1 140 113 99 153 253 333 131 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 80 206 141 170 168 141 120 118 Public and publicly guaranteed 79 182 117 146 141 114 82 62 Official creditors 52 75 63 93 96 84 70 59 Multilateral 4 26 32 42 47 43 34 22 of which: IBRD 2 12 12 15 18 18 15 11 IDA 0 0 0 0 0 0 0 1 Bilateral 47 49 31 51 49 41 36 37 Private creditors 27 108 53 52 45 30 12 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 29 10 9 9 7 3 1 Private nonguaranteed 1 24 24 24 27 27 39 56 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 552 -307 -541 -208 137 475 1,864 855 Net flows on external debt 563 -223 -308 -274 50 316 1,849 737 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 262 257 261 291 289 251 241 242 Interest 74 73 70 67 62 57 53 49 Private creditors Principal 1,021 911 554 434 324 267 211 211 Interest 23 17 12 8 6 4 2 0 Notes: Data on long-term private nonguaranteed debt for 2010 data are provided by the country. 305 VANUATU (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 48.9 74.5 82.1 83.1 98.2 125.8 129.8 148.3 Long-term external debt 43.9 73.1 71.9 72.0 78.1 89.7 98.8 99.3 Public and publicly guaranteed 43.9 73.1 71.9 72.0 78.1 89.7 98.8 99.3 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 5.0 1.4 10.2 11.1 20.1 36.1 31.0 49.0 interest arrears on long-term 0.0 0.0 0.2 0.1 0.1 0.1 0.0 0.0 Memorandum items Principal arrears on long-term 0.0 0.0 0.8 0.5 0.6 0.6 0.0 0.0 Long-term public sector debt 43.9 73.1 71.9 72.0 78.1 89.7 98.8 99.3 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 1.8 4.6 0.0 0.0 8.0 28.8 0.0 0.0 External debt flows Disbursements 3.2 14.2 0.0 0.0 3.9 10.1 11.7 0.0 Long-term external debt 3.2 14.2 0.0 0.0 3.9 10.1 11.7 0.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.8 0.9 1.1 2.2 2.1 2.5 3.5 3.6 Long-term external debt 0.8 0.9 1.1 2.2 2.1 2.5 3.5 3.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 2.4 13.6 -28.1 -1.2 10.8 23.6 3.1 14.4 Long-term external debt 2.4 13.4 -1.1 -2.2 1.8 7.6 8.1 -3.6 Short-term external debt 0.0 0.3 -27.0 1.0 9.0 16.0 -5.0 18.0 Interest payments 0.8 1.0 1.5 1.4 1.7 2.0 2.1 2.3 Long-term external debt 0.5 0.6 0.7 1.0 0.9 1.1 1.4 1.4 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.3 0.3 0.8 0.5 0.8 0.8 0.7 0.9 2. Other non-debt resource inflows Foreign direct investment 31.0 20.3 13.3 43.4 34.2 43.9 32.1 38.9 Portfolio equity 0.0 0.0 .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.6 13.4 12.5 9.2 7.1 5.2 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 43.3 56.8 54.0 54.1 51.3 47.1 41.6 42.3 4. Average terms of new commitments Official creditors Interest (%) 0.0 2.0 0.0 0.0 0.0 2.0 0.0 0.0 Maturity (years) 23.0 14.5 0.0 0.0 20.0 20.0 0.0 0.0 Grace period (years) 16.1 3.5 0.0 0.0 5.0 5.3 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) 216.8 267.8 380.4 428.3 516.9 613.2 593.8 708.6 Exports of goods, services & income 123.0 175.7 204.6 215.3 255.7 311.1 329.1 356.1 Worker remit. & comp. of employees 13.5 34.7 5.1 5.0 5.5 5.5 5.5 6.4 Imports of goods, services & income 164.5 178.8 258.6 270.7 313.2 391.4 396.8 419.9 Profit remittances on FDI 35.6 21.9 35.3 34.2 45.6 .. .. .. Current account balance -18.2 5.0 -34.0 -30.1 -34.4 -40.2 -37.6 -38.3 International reserves 48.3 38.9 67.2 104.7 119.6 115.2 148.6 161.4 6. Ratios External debt stocks to exports (%) 39.8 42.4 40.1 38.6 38.4 40.5 39.4 41.6 External debt stocks to GNI (%) 22.6 27.8 21.6 19.4 19.0 20.5 21.9 20.9 Debt service to exports (%) 1.3 1.1 1.3 1.7 1.5 1.4 1.7 1.7 Short-term to external debt stocks (%) 10.2 1.9 12.4 13.4 20.5 28.7 23.9 33.0 Multilateral to external debt stocks (%) 63.7 86.1 82.1 81.1 70.5 56.4 52.8 46.4 Reserves to external debt stocks (%) 98.7 52.3 81.9 125.9 121.8 91.6 114.5 108.8 Reserves to imports (months) 3.5 2.6 3.1 4.6 4.6 3.5 4.5 4.6 306 VANUATU (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 43.9 73.1 71.9 72.0 78.1 89.7 98.8 99.3 Public and publicly guaranteed 43.9 73.1 71.9 72.0 78.1 89.7 98.8 99.3 Official creditors 43.5 73.1 71.9 72.0 78.1 89.7 98.8 99.3 Multilateral 31.2 64.1 67.4 67.4 69.3 71.0 68.6 68.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 13.2 12.9 12.9 13.2 13.4 12.9 12.4 11.7 Bilateral 12.3 8.9 4.5 4.6 8.8 18.7 30.2 30.5 Private creditors 0.4 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 3.2 14.2 0.0 0.0 3.9 10.1 11.7 0.0 Public and publicly guaranteed 3.2 14.2 0.0 0.0 3.9 10.1 11.7 0.0 Official creditors 3.2 14.2 0.0 0.0 3.9 10.1 11.7 0.0 Multilateral 1.4 14.2 0.0 0.0 0.0 0.0 0.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 1.8 0.0 0.0 0.0 3.9 10.1 11.7 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 0.8 0.9 1.1 2.2 2.1 2.5 3.5 3.6 Public and publicly guaranteed 0.8 0.9 1.1 2.2 2.1 2.5 3.5 3.6 Official creditors 0.6 0.9 1.1 2.2 2.1 2.5 3.5 3.6 Multilateral 0.4 0.5 0.7 1.8 1.7 2.1 3.2 3.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.2 0.3 0.3 0.4 0.4 0.6 0.5 Bilateral 0.2 0.4 0.4 0.4 0.4 0.5 0.3 0.3 Private creditors 0.2 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 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 0.5 0.6 0.7 1.0 0.9 1.1 1.4 1.4 Public and publicly guaranteed 0.5 0.6 0.7 1.0 0.9 1.1 1.4 1.4 Official creditors 0.5 0.6 0.7 1.0 0.9 1.1 1.4 1.4 Multilateral 0.3 0.5 0.6 0.9 0.7 0.8 0.8 0.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.2 0.1 0.1 0.1 0.2 0.4 0.6 0.6 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 3.4 8.8 -38.6 1.0 15.1 27.6 4.0 18.5 Net flows on external debt 2.4 13.6 -28.1 -1.2 10.8 23.6 3.1 14.4 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 3.8 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 3.5 4.2 5.2 6.2 5.8 5.8 5.8 5.8 Interest 1.8 1.8 1.8 1.7 1.6 1.5 1.4 1.7 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 2010 are World Bank staff estimates. 307 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 35,744 42,338 44,888 43,747 48,316 52,751 55,235 55,572 Long-term external debt 30,442 33,950 34,780 31,899 30,497 33,185 38,493 40,146 Public and publicly guaranteed 28,428 27,817 31,078 27,165 27,537 29,875 35,183 37,086 Private nonguaranteed 2,013 6,132 3,702 4,734 2,960 3,310 3,310 3,060 Use of IMF credit 2,239 203 0 0 0 0 0 0 Short-term external debt 3,063 8,186 10,108 11,848 17,819 19,566 16,741 15,426 interest arrears on long-term 273 59 5 2 0 0 7 7 Memorandum items Principal arrears on long-term 1,022 79 8 0 0 0 0 0 Long-term public sector debt 27,854 27,368 31,026 27,121 27,520 29,865 35,178 37,084 Long-term private sector debt 2,588 6,581 3,754 4,778 2,977 3,320 3,316 3,062 Public & publicly guaranteed commitments 1,033 1,683 6,717 1,220 1,854 4,354 7,892 5,894 External debt flows Disbursements 1,829 2,342 7,246 1,751 2,053 5,490 6,068 4,317 Long-term external debt 1,829 2,342 7,246 1,751 2,053 5,490 6,068 4,317 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,739 3,428 2,804 6,513 2,285 2,748 812 2,623 Long-term external debt 2,278 2,921 2,804 6,513 2,285 2,748 812 2,623 IMF repurchases 462 507 0 0 0 0 0 0 Net flows -1,558 1,614 6,714 -3,019 5,741 4,490 2,424 378 Long-term external debt -448 -579 4,443 -4,762 -232 2,743 5,256 1,693 Short-term external debt -648 2,700 2,271 1,743 5,973 1,747 -2,832 -1,315 Interest payments 2,433 2,931 2,931 3,336 3,600 3,333 3,170 3,462 Long-term external debt 2,097 2,435 2,656 2,850 2,584 2,858 2,765 3,088 IMF charges 142 28 0 0 0 0 0 0 Short-term external debt 193 467 275 486 1,016 474 406 374 2. Other non-debt resource inflows Foreign direct investment 985 4,701 2,602 -508 1,008 350 -3,105 -1,404 Portfolio equity 270 -574 28 41 66 3 121 8 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 11.5 14.1 14.8 8.2 6.7 5.9 Japanese yen 4.2 1.9 0.5 0.7 1.0 1.0 0.8 0.4 Pound sterling 1.2 0.8 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.4 0.0 0.1 0.1 0.1 0.0 0.0 U.S.dollars 68.9 83.3 83.6 80.8 81.5 88.7 91.0 92.6 4. Average terms of new commitments Official creditors Interest (%) 6.8 8.0 6.2 5.6 5.7 3.2 2.8 2.5 Maturity (years) 17.2 12.7 10.4 18.0 20.0 18.0 16.8 15.4 Grace period (years) 5.2 2.6 2.7 7.8 10.5 5.5 5.3 3.1 Private creditors Interest (%) 7.7 8.2 6.6 5.7 7.0 9.2 8.1 12.8 Maturity (years) 3.3 7.1 13.8 11.7 30.2 17.5 12.5 12.0 Grace period (years) 3.0 2.5 13.7 5.2 30.2 17.5 12.5 0.3 5. Major economic aggregates Gross national income (GNI) 72,946 115,760 143,314 182,434 229,002 311,828 323,481 387,566 Exports of goods, services & income 22,620 37,760 61,134 75,348 80,971 105,363 61,913 69,450 Worker remit. & comp. of employees 2 17 148 165 151 137 131 143 Imports of goods, services & income 20,715 25,737 35,955 48,808 62,477 67,363 53,029 54,513 Profit remittances on FDI 431 1,424 3,953 6,540 4,785 4,152 1,903 1,955 Current account balance 2,014 11,853 25,110 26,462 18,063 37,392 8,561 14,378 International reserves 10,715 15,899 29,803 36,715 33,759 43,065 34,318 29,665 6. Ratios External debt stocks to exports (%) 158.0 112.1 73.4 58.1 59.7 50.1 89.2 80.0 External debt stocks to GNI (%) 49.0 36.6 31.3 24.0 21.1 16.9 17.1 14.3 Debt service to exports (%) 22.9 16.8 9.4 13.1 7.3 5.8 6.4 8.8 Short-term to external debt stocks (%) 8.6 19.3 22.5 27.1 36.9 37.1 30.3 27.8 Multilateral to external debt stocks (%) 9.3 7.6 6.2 6.9 5.1 5.1 5.6 7.2 Reserves to external debt stocks (%) 30.0 37.6 66.4 83.9 69.9 81.6 62.1 53.4 Reserves to imports (months) 6.2 7.4 9.9 9.0 6.5 7.7 7.8 6.5 308 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 30,442 33,950 34,780 31,899 30,497 33,185 38,493 40,146 Public and publicly guaranteed 28,428 27,817 31,078 27,165 27,537 29,875 35,183 37,086 Official creditors 4,833 6,177 3,417 3,811 3,395 3,536 4,130 4,957 Multilateral 3,323 3,216 2,786 3,026 2,488 2,687 3,120 4,014 of which: IBRD 1,639 972 200 51 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 1,510 2,961 632 785 907 849 1,011 942 Private creditors 23,595 21,640 27,661 23,354 24,142 26,339 31,053 32,129 of which: Bonds 20,745 16,217 23,546 19,478 20,675 23,353 28,360 29,762 Commercial banks 1,233 3,490 3,172 2,855 2,584 2,345 2,205 2,012 Private nonguaranteed 2,013 6,132 3,702 4,734 2,960 3,310 3,310 3,060 of which: Bonds 114 3,880 3,670 4,734 2,960 3,310 3,310 3,060 Disbursements 1,829 2,342 7,246 1,751 2,053 5,490 6,068 4,317 Public and publicly guaranteed 1,749 2,342 7,246 1,651 2,053 4,840 6,068 4,317 Official creditors 610 786 402 1,110 535 645 1,035 1,294 Multilateral 284 402 173 831 325 556 735 1,234 of which: IBRD 47 50 13 9 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 326 385 229 279 210 88 300 60 Private creditors 1,139 1,556 6,844 541 1,518 4,196 5,033 3,023 of which: Bonds 349 462 6,143 0 1,250 4,000 4,992 3,000 Commercial banks 616 667 356 151 135 145 30 10 Private nonguaranteed 80 0 0 100 0 650 0 0 of which: Bonds 0 0 0 100 0 650 0 0 Principal repayments 2,278 2,921 2,804 6,513 2,285 2,748 812 2,623 Public and publicly guaranteed 1,775 2,265 2,117 5,935 2,011 2,448 812 2,373 Official creditors 375 613 738 737 991 526 449 478 Multilateral 202 356 530 608 873 376 299 339 of which: IBRD 116 208 106 159 50 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 173 257 208 129 118 150 150 139 Private creditors 1,400 1,652 1,379 5,198 1,020 1,922 363 1,896 of which: Bonds 817 1,119 646 4,292 209 1,299 0 1,609 Commercial banks 45 372 441 558 492 348 190 160 Private nonguaranteed 503 655 687 578 274 300 0 250 of which: Bonds 0 0 0 546 274 300 0 250 Interest payments 2,097 2,435 2,656 2,850 2,584 2,858 2,765 3,088 Public and publicly guaranteed 1,986 1,867 2,307 2,412 2,313 2,524 2,440 2,787 Official creditors 298 343 204 219 243 234 185 175 Multilateral 233 259 162 175 194 161 138 135 of which: IBRD 120 91 10 6 1 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 66 84 41 44 49 73 48 40 Private creditors 1,688 1,524 2,103 2,193 2,070 2,290 2,255 2,612 of which: Bonds 1,534 1,298 1,747 1,834 1,751 2,006 2,024 2,411 Commercial banks 65 176 297 288 264 241 210 194 Private nonguaranteed 111 568 349 439 271 334 324 301 of which: Bonds 10 304 296 392 271 274 281 269 8. Debt stock-flow reconciliation Total change in external debt stocks -1,199 1,290 6,096 -1,140 4,569 4,435 2,484 337 Net flows on external debt -1,558 1,614 6,714 -3,019 5,741 4,490 2,424 378 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 1 2 1 1 Debt buyback 0 0 419 4,292 177 4 0 1,490 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 497 612 625 552 473 582 536 585 Interest 147 163 167 165 161 153 142 130 Private creditors Principal 2,404 819 1,737 1,922 1,453 2,086 79 2,262 Interest 3,005 2,866 2,803 2,623 2,409 2,283 2,215 2,181 Notes: Long-term private nonguaranteed debt data only cover Bonds. Short-term debt is based on the Central Bank data from 1999 to 2010. 309 VIETNAM (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 25,428 12,822 18,992 18,577 22,713 24,954 28,718 35,139 Long-term external debt 21,778 11,583 16,215 15,969 17,919 20,554 23,447 28,145 Public and publicly guaranteed 21,778 11,583 16,215 15,969 17,919 20,554 23,447 28,145 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 377 316 203 181 164 121 84 45 Short-term external debt 3,272 923 2,574 2,427 4,630 4,279 5,186 6,949 interest arrears on long-term 2,501 78 74 0 0 1 0 0 Memorandum items Principal arrears on long-term 8,915 1,378 1,346 0 0 0 0 0 Long-term public sector debt 21,778 11,583 16,215 15,969 17,919 20,554 23,447 28,145 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 2,466 1,191 2,660 2,297 2,080 3,670 6,175 5,459 External debt flows Disbursements 730 1,271 2,047 1,228 1,945 1,878 3,891 4,437 Long-term external debt 639 1,271 2,047 1,228 1,945 1,878 3,891 4,437 IMF purchases 92 0 0 0 0 0 0 0 Principal repayments 225 958 533 509 637 755 781 851 Long-term external debt 225 937 480 476 612 716 743 813 IMF repurchases 0 21 54 33 25 39 38 38 Net flows 823 471 1,927 646 3,511 771 4,017 5,348 Long-term external debt 414 334 1,567 752 1,333 1,163 3,148 3,623 Short-term external debt 317 158 413 -73 2,203 -352 908 1,763 Interest payments 139 352 434 452 608 566 435 521 Long-term external debt 81 298 318 328 413 432 374 442 IMF charges 11 3 1 1 1 1 1 0 Short-term external debt 46 51 115 123 194 134 61 79 2. Other non-debt resource inflows Foreign direct investment 1,780 1,298 1,954 2,400 6,700 9,579 7,600 8,000 Portfolio equity .. .. 115 1,313 6,243 -578 128 2,383 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.7 6.7 7.0 5.9 5.5 4.9 Japanese yen 5.6 23.5 26.2 29.2 30.8 37.3 35.5 36.0 Pound sterling 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 Swiss franc 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 8.4 43.3 44.8 42.4 40.7 37.0 39.2 41.2 4. Average terms of new commitments Official creditors Interest (%) 2.3 1.4 1.3 1.9 0.9 1.9 1.1 1.1 Maturity (years) 31.5 36.1 33.6 33.2 36.6 32.7 29.3 29.6 Grace period (years) 9.5 9.6 9.1 8.7 10.1 9.0 8.2 8.5 Private creditors Interest (%) 6.7 0.0 6.9 4.2 0.0 0.0 0.3 4.8 Maturity (years) 7.3 0.0 10.2 21.1 0.0 0.0 14.9 11.8 Grace period (years) 2.0 0.0 10.1 6.6 0.0 0.0 4.9 7.0 5. Major economic aggregates Gross national income (GNI) 20,510 30,726 51,873 59,507 68,937 87,351 91,826 96,322 Exports of goods, services & income .. 17,481 36,987 45,594 55,757 71,048 63,615 80,108 Worker remit. & comp. of employees .. .. 4,000 4,800 5,500 7,200 6,840 8,000 Imports of goods, services & income .. 18,107 40,927 49,807 69,140 89,182 76,671 92,280 Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. 1,106 -560 -164 -6,953 -10,823 -6,608 -4,287 International reserves 1,324 3,417 9,051 13,384 23,479 23,890 16,447 12,467 6. Ratios External debt stocks to exports (%) .. 73.3 51.3 40.7 40.7 35.1 45.1 43.9 External debt stocks to GNI (%) 124.0 41.7 36.6 31.2 32.9 28.6 31.3 36.5 Debt service to exports (%) .. 7.5 2.6 2.1 2.2 1.9 1.9 1.7 Short-term to external debt stocks (%) 12.9 7.2 13.6 13.1 20.4 17.1 18.1 19.8 Multilateral to external debt stocks (%) 1.3 14.8 27.1 31.5 31.4 32.1 35.9 34.9 Reserves to external debt stocks (%) 5.2 26.6 47.7 72.0 103.4 95.7 57.3 35.5 Reserves to imports (months) .. 2.3 2.7 3.2 4.1 3.2 2.6 1.6 310 VIETNAM (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 21,778 11,583 16,215 15,969 17,919 20,554 23,447 28,145 Public and publicly guaranteed 21,778 11,583 16,215 15,969 17,919 20,554 23,447 28,145 Official creditors 20,450 8,680 14,258 14,093 16,117 18,789 21,643 25,255 Multilateral 325 1,895 5,144 5,860 7,122 7,999 10,309 12,262 of which: IBRD 0 0 0 0 0 0 0 700 IDA 231 1,113 3,187 3,663 4,549 5,074 6,270 7,010 Bilateral 20,126 6,785 9,114 8,233 8,995 10,789 11,334 12,993 Private creditors 1,328 2,903 1,957 1,876 1,802 1,766 1,805 2,890 of which: Bonds 0 560 1,171 1,130 1,089 1,059 1,038 2,020 Commercial banks 1,043 1,658 454 484 516 546 652 774 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 639 1,271 2,047 1,228 1,945 1,878 3,891 4,437 Public and publicly guaranteed 639 1,271 2,047 1,228 1,945 1,878 3,891 4,437 Official creditors 233 1,176 1,260 1,151 1,892 1,816 3,725 3,206 Multilateral 100 395 639 548 1,011 873 2,333 2,055 of which: IBRD 0 0 0 0 0 0 0 700 IDA 47 174 391 340 748 592 1,206 853 Bilateral 133 781 621 602 881 943 1,392 1,151 Private creditors 406 95 786 78 53 62 165 1,231 of which: Bonds 0 0 750 0 0 0 0 1,000 Commercial banks 389 9 36 78 53 62 165 231 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 225 937 480 476 612 716 743 813 Public and publicly guaranteed 225 937 480 476 612 716 743 813 Official creditors 175 134 303 313 456 569 613 693 Multilateral 7 6 31 43 61 80 110 130 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 2 14 23 30 37 47 52 Bilateral 168 128 272 270 395 489 503 563 Private creditors 50 802 176 163 156 147 130 121 of which: Bonds 0 0 41 41 41 31 20 19 Commercial banks 0 617 58 55 44 58 62 75 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 81 298 318 328 413 432 374 442 Public and publicly guaranteed 81 298 318 328 413 432 374 442 Official creditors 50 77 256 233 299 319 286 327 Multilateral 2 14 52 55 64 74 81 106 of which: IBRD 0 0 0 0 0 0 0 5 IDA 2 7 30 33 34 38 40 47 Bilateral 47 63 204 178 235 245 204 221 Private creditors 32 220 62 95 114 113 88 114 of which: Bonds 0 23 22 57 72 71 63 96 Commercial banks 24 153 24 26 29 32 22 17 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 628 -10,387 1,052 -416 4,136 2,242 3,763 6,422 Net flows on external debt 823 471 1,927 646 3,511 771 4,017 5,348 9. Debt restructurings Total amount rescheduled 89 0 201 0 0 0 0 0 Total amount forgiven 32 10,395 3 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 906 913 1,237 1,324 1,204 1,325 1,305 1,408 Interest 423 437 440 433 417 403 388 370 Private creditors Principal 90 140 137 135 154 918 157 126 Interest 155 163 161 158 154 124 94 91 Notes: Arrears were removed from 2006 based on reports provided by the country. Data does not include long-term private publicly guaranteed and non-guaranteed debt. World Bank staff is currently working with the country on private debt reporting. 311 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 6,251 5,125 5,459 5,663 6,107 6,274 6,370 6,324 Long-term external debt 5,562 4,109 4,814 5,099 5,524 5,696 5,875 5,933 Public and publicly guaranteed 5,562 4,109 4,814 5,099 5,524 5,696 5,875 5,933 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 317 292 246 169 95 53 78 Short-term external debt 689 699 353 318 413 483 442 313 interest arrears on long-term 473 27 94 100 107 112 117 124 Memorandum items Principal arrears on long-term 2,408 297 193 143 151 160 165 173 Long-term public sector debt 5,562 4,109 4,814 5,099 5,524 5,696 5,875 5,933 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 80 327 207 328 332 410 200 289 External debt flows Disbursements 124 137 265 353 390 285 332 340 Long-term external debt 124 137 265 353 390 285 332 287 IMF purchases 0 0 0 0 0 0 0 53 Principal repayments 65 153 150 161 199 206 184 182 Long-term external debt 65 81 94 101 113 134 140 155 IMF repurchases 0 71 56 60 87 71 44 27 Net flows 42 270 176 151 278 145 102 22 Long-term external debt 59 56 171 252 277 151 192 132 Short-term external debt -17 285 61 -41 88 65 -46 -136 Interest payments 37 91 62 74 72 79 79 78 Long-term external debt 25 45 55 67 65 70 72 74 IMF charges 0 10 3 3 2 1 0 0 Short-term external debt 11 35 4 4 5 7 6 4 2. Other non-debt resource inflows Foreign direct investment -218 6 -302 1,121 917 1,555 129 -329 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 1.7 1.8 1.9 1.8 1.9 1.8 Japanese yen 6.1 7.7 6.4 5.9 5.5 6.2 5.8 5.1 Pound sterling 0.6 0.3 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 21.6 68.2 67.3 65.2 61.8 59.5 58.8 57.3 4. Average terms of new commitments Official creditors Interest (%) 5.1 0.9 2.4 1.9 2.7 2.5 2.1 1.5 Maturity (years) 12.5 35.2 30.0 28.4 22.5 27.7 26.3 14.0 Grace period (years) 3.3 8.9 8.3 7.8 5.8 6.9 6.8 2.6 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) 3,678 8,834 15,125 17,847 20,306 24,779 24,894 .. Exports of goods, services & income 2,197 4,158 6,963 8,181 8,158 10,504 7,207 9,390 Worker remit. & comp. of employees 1,081 1,288 1,283 1,283 1,322 1,411 1,160 1,240 Imports of goods, services & income 3,069 4,221 7,745 9,332 11,092 13,918 11,287 12,890 Profit remittances on FDI 433 855 1,603 1,403 1,390 1,875 927 .. Current account balance 184 1,337 624 206 -1,508 -1,251 -2,565 -1,209 International reserves 638 2,914 6,141 7,543 7,757 8,155 6,990 5,939 6. Ratios External debt stocks to exports (%) 284.5 123.3 78.4 69.2 74.9 59.7 88.4 67.4 External debt stocks to GNI (%) 169.9 58.0 36.1 31.7 30.1 25.3 25.6 .. Debt service to exports (%) 4.6 5.9 3.0 2.9 3.3 2.7 3.6 2.8 Short-term to external debt stocks (%) 11.0 13.6 6.5 5.6 6.8 7.7 6.9 5.0 Multilateral to external debt stocks (%) 20.5 32.7 40.6 44.3 47.5 48.4 49.6 51.9 Reserves to external debt stocks (%) 10.2 56.9 112.5 133.2 127.0 130.0 109.7 93.9 Reserves to imports (months) 2.5 8.3 9.5 9.7 8.4 7.0 7.4 5.5 312 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 5,562 4,109 4,814 5,099 5,524 5,696 5,875 5,933 Public and publicly guaranteed 5,562 4,109 4,814 5,099 5,524 5,696 5,875 5,933 Official creditors 3,844 4,046 4,807 5,092 5,517 5,690 5,871 5,930 Multilateral 1,278 1,676 2,219 2,507 2,901 3,036 3,159 3,283 of which: IBRD 0 0 0 0 0 0 0 0 IDA 827 1,216 1,689 1,894 2,058 2,113 2,187 2,180 Bilateral 2,565 2,370 2,588 2,584 2,616 2,654 2,712 2,647 Private creditors 1,718 63 7 7 7 6 5 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 80 53 7 7 7 6 5 3 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 124 137 265 353 390 285 332 287 Public and publicly guaranteed 124 137 265 353 390 285 332 287 Official creditors 124 137 265 353 390 285 332 287 Multilateral 109 111 217 262 345 241 212 246 of which: IBRD 0 0 0 0 0 0 0 0 IDA 42 65 129 160 122 108 101 73 Bilateral 15 27 49 91 45 44 120 41 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 Principal repayments 65 81 94 101 113 134 140 155 Public and publicly guaranteed 65 81 94 101 113 134 140 155 Official creditors 63 81 94 101 112 133 139 154 Multilateral 53 60 58 61 66 78 84 97 of which: IBRD 0 0 0 0 0 0 0 0 IDA 8 14 27 31 34 38 42 45 Bilateral 10 20 36 39 46 55 55 56 Private creditors 2 0 0 0 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 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 Interest payments 25 45 55 67 65 70 72 74 Public and publicly guaranteed 25 45 55 67 65 70 72 74 Official creditors 25 45 55 67 65 70 72 74 Multilateral 18 21 27 30 34 38 40 40 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 9 15 15 15 16 15 16 Bilateral 7 24 28 37 31 32 32 34 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 97 -1,117 -112 203 444 167 96 -46 Net flows on external debt 42 270 176 151 278 145 102 22 9. Debt restructurings Total amount rescheduled 0 123 65 0 0 0 0 0 Total amount forgiven 0 9 116 123 8 20 0 93 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 233 249 271 291 292 301 299 307 Interest 87 91 90 88 85 81 75 69 Private creditors Principal 1 1 1 1 0 0 0 0 Interest 0 0 0 0 0 0 0 0 313 ZAMBIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 6,958 5,722 5,373 2,273 2,749 2,974 3,039 3,689 Long-term external debt 5,304 4,508 4,538 1,788 2,087 2,205 2,220 2,104 Public and publicly guaranteed 5,291 4,444 3,942 962 1,107 1,157 1,200 1,309 Private nonguaranteed 13 65 596 826 981 1,049 1,020 794 Use of IMF credit 1,239 1,138 591 41 87 96 345 395 Short-term external debt 415 76 244 443 575 674 474 1,191 interest arrears on long-term 177 33 90 140 149 152 154 167 Memorandum items Principal arrears on long-term 772 137 340 315 316 319 320 321 Long-term public sector debt 5,259 4,413 3,939 962 1,106 1,157 1,200 1,309 Long-term private sector debt 45 95 599 827 981 1,049 1,020 795 Public & publicly guaranteed commitments 382 330 58 139 144 133 175 779 External debt flows Disbursements 2,606 287 235 445 357 250 369 251 Long-term external debt 352 261 218 421 315 239 126 195 IMF purchases 2,253 26 16 24 42 11 244 56 Principal repayments 2,067 98 215 87 75 114 122 87 Long-term external debt 242 98 136 87 75 114 122 86 IMF repurchases 1,825 0 79 0 0 0 0 1 Net flows 435 159 84 507 405 232 45 868 Long-term external debt 110 163 82 334 240 125 4 109 Short-term external debt -104 -30 65 149 123 96 -202 704 Interest payments 545 88 66 53 46 52 47 60 Long-term external debt 125 80 58 44 32 39 36 29 IMF charges 419 6 4 0 0 0 1 0 Short-term external debt 1 3 5 9 13 13 10 31 2. Other non-debt resource inflows Foreign direct investment 97 122 357 616 1,324 939 695 1,041 Portfolio equity .. 6 5 2 4 -6 -13 101 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.9 20.4 18.2 14.8 13.3 10.6 Japanese yen 11.2 13.9 1.2 0.0 0.0 0.0 0.0 0.1 Pound sterling 7.7 3.9 5.1 0.7 0.5 0.3 0.4 0.3 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 39.6 61.7 72.9 39.4 41.3 39.3 37.4 34.0 4. Average terms of new commitments Official creditors Interest (%) 1.5 0.8 0.8 1.2 1.3 0.8 0.6 1.7 Maturity (years) 37.3 39.6 35.8 29.5 31.5 46.3 34.1 23.5 Grace period (years) 10.3 10.1 8.2 8.0 7.7 10.3 9.1 7.0 Private creditors Interest (%) 10.5 0.0 0.0 0.0 0.0 3.0 0.0 0.0 Maturity (years) 9.2 0.0 0.0 0.0 0.0 3.9 0.0 0.0 Grace period (years) 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,235 3,082 6,586 9,534 10,055 13,241 11,442 14,300 Exports of goods, services & income .. 891 2,533 4,190 4,818 5,291 4,564 7,734 Worker remit. & comp. of employees .. .. 53 58 59 68 41 44 Imports of goods, services & income .. 1,496 3,239 4,411 6,047 6,890 4,543 7,551 Profit remittances on FDI .. .. 461 1,107 1,474 1,346 265 1,832 Current account balance .. -591 -600 141 -698 -1,039 537 615 International reserves 223 245 560 720 1,090 1,096 1,892 2,094 6. Ratios External debt stocks to exports (%) .. 642.0 212.1 54.2 57.1 56.2 66.6 47.7 External debt stocks to GNI (%) 215.1 185.7 81.6 23.8 27.3 22.5 26.6 25.8 Debt service to exports (%) .. 20.8 11.1 3.4 2.5 3.1 3.7 1.9 Short-term to external debt stocks (%) 6.0 1.3 4.5 19.5 20.9 22.6 15.6 32.3 Multilateral to external debt stocks (%) 30.5 42.0 58.2 29.8 27.7 27.5 28.7 25.0 Reserves to external debt stocks (%) 3.2 4.3 10.4 31.7 39.6 36.8 62.3 56.8 Reserves to imports (months) .. 2.0 2.1 2.0 2.2 1.9 5.0 3.3 314 ZAMBIA (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 5,304 4,508 4,538 1,788 2,087 2,205 2,220 2,104 Public and publicly guaranteed 5,291 4,444 3,942 962 1,107 1,157 1,200 1,309 Official creditors 5,080 4,412 3,646 914 1,059 1,108 1,158 1,276 Multilateral 2,120 2,403 3,125 678 762 818 871 924 of which: IBRD 163 25 0 0 0 0 0 0 IDA 1,270 1,823 2,488 260 323 371 407 430 Bilateral 2,960 2,009 521 236 297 290 287 353 Private creditors 210 31 295 48 48 48 42 33 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 16 0 0 0 0 0 0 0 Private nonguaranteed 13 65 596 826 981 1,049 1,020 794 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 352 261 218 421 315 239 126 195 Public and publicly guaranteed 351 251 114 164 118 118 91 168 Official creditors 327 251 114 164 118 108 91 168 Multilateral 251 249 109 108 79 100 70 96 of which: IBRD 0 0 0 0 0 0 0 0 IDA 209 210 77 40 51 51 33 32 Bilateral 76 2 5 56 39 8 21 72 Private creditors 24 0 0 0 0 10 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 8 0 0 0 0 0 0 0 Private nonguaranteed 1 10 105 257 197 121 35 27 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 242 98 136 87 75 114 122 86 Public and publicly guaranteed 241 79 71 51 32 61 59 47 Official creditors 180 79 59 51 32 52 52 38 Multilateral 120 51 21 25 30 29 28 25 of which: IBRD 50 8 0 0 0 0 0 0 IDA 2 4 1 1 0 1 1 2 Bilateral 60 28 38 26 3 23 24 13 Private creditors 61 1 12 0 0 8 7 8 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 Private nonguaranteed 1 18 66 36 43 53 63 40 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 125 80 58 44 32 39 36 29 Public and publicly guaranteed 125 76 29 21 9 14 13 11 Official creditors 116 76 29 21 9 14 13 11 Multilateral 65 33 25 17 8 9 8 8 of which: IBRD 15 3 0 0 0 0 0 0 IDA 9 13 16 8 2 3 3 3 Bilateral 51 42 4 4 2 5 5 3 Private creditors 9 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 4 28 23 23 24 24 18 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 149 -137 -2,075 -3,100 476 225 64 650 Net flows on external debt 435 159 84 507 405 232 45 868 9. Debt restructurings Total amount rescheduled 20 169 58 9 51 0 0 0 Total amount forgiven 3 56 1,643 3,592 11 12 3 3 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 54 54 49 52 55 87 95 96 Interest 14 16 18 20 21 21 20 20 Private creditors Principal 152 106 95 56 45 34 28 23 Interest 35 26 18 13 9 6 4 2 Notes: Zambia was granted debt relief effective in 2006 under MDRI. Data on long-term public and publicly guaranteed debt from 2007-2008 are World Bank staff estimates based on reports provided by the country. Data on long-term private nonguaranteed debt from 2007 are World Bank staff estimates. 315 ZIMBABWE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 1. Summary external debt data External debt stocks 4,989 3,807 4,113 4,495 5,198 5,076 4,801 5,016 Long-term external debt 3,843 2,979 3,227 3,413 3,788 3,750 3,831 4,064 Public and publicly guaranteed 3,462 2,774 3,195 3,387 3,713 3,661 3,742 3,686 Private nonguaranteed 381 205 32 26 75 89 89 378 Use of IMF credit 461 281 111 113 118 114 116 110 Short-term external debt 685 547 776 970 1,292 1,212 854 843 interest arrears on long-term 3 34 419 481 589 621 707 706 Memorandum items Principal arrears on long-term 21 124 1,353 1,594 1,893 1,954 2,170 2,194 Long-term public sector debt 3,462 2,767 3,187 3,387 3,713 3,661 3,742 3,686 Long-term private sector debt 381 212 39 26 75 89 89 378 Public & publicly guaranteed commitments 218 50 11 201 0 0 0 0 External debt flows Disbursements 654 185 25 45 227 94 79 369 Long-term external debt 574 185 25 45 227 94 79 369 IMF purchases 80 0 0 0 0 0 0 0 Principal repayments 398 282 210 38 55 57 66 66 Long-term external debt 398 212 45 35 55 55 66 62 IMF repurchases 0 70 165 3 0 2 0 4 Net flows 442 -330 -224 138 386 -75 -431 293 Long-term external debt 176 -27 -20 10 173 39 13 307 Short-term external debt 187 -233 -40 132 214 -112 -444 -10 Interest payments 238 138 27 54 41 26 35 43 Long-term external debt 189 81 7 4 14 10 30 41 IMF charges 13 10 0 23 0 0 0 0 Short-term external debt 35 48 19 27 27 16 5 2 2. Other non-debt resource inflows Foreign direct investment 118 23 103 40 69 52 105 105 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 32.0 33.6 34.2 32.7 33.4 31.9 Japanese yen 3.6 5.4 5.3 5.0 4.7 6.0 5.8 6.7 Pound sterling 6.7 5.5 5.9 6.3 5.9 4.4 4.8 4.7 Swiss franc 0.9 0.4 0.4 0.4 0.4 0.5 0.5 0.5 U.S.dollars 26.2 29.9 28.6 27.7 29.3 30.3 29.9 30.1 4. Average terms of new commitments Official creditors Interest (%) 3.0 4.8 3.0 6.1 0.0 0.0 0.0 0.9 Maturity (years) 23.3 12.9 15.0 4.1 0.0 0.0 0.0 24.5 Grace period (years) 6.8 3.6 4.5 0.5 0.0 0.0 0.0 7.0 Private creditors Interest (%) 6.1 13.9 6.5 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.8 9.8 5.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.6 4.1 0.9 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 6,785 6,245 5,308 4,890 4,654 3,939 5,394 6,988 Exports of goods, services & income .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & income .. .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. .. Current account balance .. .. -532 -356 -342 -762 .. .. International reserves 888 321 .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 73.5 61.0 77.5 91.9 111.7 128.9 89.0 71.8 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 13.7 14.4 18.9 21.6 24.9 23.9 17.8 16.8 Multilateral to external debt stocks (%) 29.9 35.5 36.1 34.4 31.0 31.6 33.7 31.8 Reserves to external debt stocks (%) 17.8 8.4 .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 316 ZIMBABWE (US$ million, unless otherwise indicated) 1995 2000 2005 2006 2007 2008 2009 2010 7. Long-term external debt Debt outstanding and disbursed 3,843 2,979 3,227 3,413 3,788 3,750 3,831 4,064 Public and publicly guaranteed 3,462 2,774 3,195 3,387 3,713 3,661 3,742 3,686 Official creditors 2,798 2,437 2,789 2,946 3,247 3,236 3,296 3,253 Multilateral 1,491 1,352 1,485 1,547 1,611 1,605 1,619 1,593 of which: IBRD 560 416 437 445 455 464 463 463 IDA 336 437 478 501 522 519 522 513 Bilateral 1,307 1,085 1,304 1,399 1,636 1,631 1,677 1,660 Private creditors 664 337 406 441 466 425 446 432 of which: Bonds 120 0 0 0 0 0 0 0 Commercial banks 162 198 264 287 306 264 279 267 Private nonguaranteed 381 205 32 26 75 89 89 378 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 574 185 25 45 227 94 79 369 Public and publicly guaranteed 345 139 25 28 160 28 13 20 Official creditors 232 125 17 23 160 13 13 19 Multilateral 125 44 7 2 0 0 0 0 of which: IBRD 32 19 0 0 0 0 0 0 IDA 15 8 0 0 0 0 0 0 Bilateral 106 81 10 21 160 13 13 19 Private creditors 114 15 8 5 0 14 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 72 11 4 0 0 0 0 0 Private nonguaranteed 229 46 0 17 68 66 66 350 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 398 212 45 35 55 55 66 62 Public and publicly guaranteed 307 147 31 13 36 3 0 1 Official creditors 166 114 21 11 36 3 0 1 Multilateral 77 77 5 2 2 3 0 0 of which: IBRD 47 46 2 0 0 0 0 0 IDA 1 0 0 0 0 0 0 0 Bilateral 89 37 16 9 33 0 0 1 Private creditors 142 33 10 2 0 0 0 0 of which: Bonds 30 0 0 0 0 0 0 0 Commercial banks 32 12 1 0 0 0 0 0 Private nonguaranteed 91 65 14 22 19 52 66 61 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 189 81 7 4 14 10 30 41 Public and publicly guaranteed 163 64 3 2 13 5 14 13 Official creditors 115 51 2 2 13 5 14 13 Multilateral 81 37 2 0 0 1 0 0 of which: IBRD 46 26 1 0 0 0 0 0 IDA 2 1 0 0 0 0 0 0 Bilateral 34 14 0 2 12 4 14 13 Private creditors 48 13 1 0 0 0 0 0 of which: Bonds 6 0 0 0 0 0 0 0 Commercial banks 11 5 0 0 0 0 0 0 Private nonguaranteed 26 17 4 2 1 5 16 28 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 503 -516 -548 383 703 -122 -275 215 Net flows on external debt 442 -330 -224 138 386 -75 -431 293 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 66 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 2011 2012 2013 2014 2015 2016 2017 2018 Official creditors Principal 409 163 114 82 62 58 57 56 Interest 43 22 16 13 11 10 9 8 Private creditors Principal 39 39 39 39 38 38 38 38 Interest 9 8 7 7 6 5 4 3 317 . About the Data Data Sources this publication, GDF CD-ROM and online data- base are produced. T he principal sources of information for the tables in this volume are reports to the World Bank through the World Bank’s Debtor Reporting Data on exports and imports (on a balance of payments basis), international reserves, current System (DRS) from member countries that have account balances, foreign direct investment (FDI), received either International Bank for Reconstruc- portfolio equity flows, and profit remittances of tion and Development (IBRD) loans or Interna- FDI are drawn mainly from the files of the IMF, tional Development Association (IDA) credits. The supplemented by United Nations Conference on DRS has its origin in the World Bank’s need to Trade and Development (UNCTAD) reports and monitor and assess the financial position of its bor- country data. Balance of payments data are pre- rowers. Since 1951, borrowers have been required sented according to the fifth edition of the IMF’s to provide statistics on their public external debt Balance of Payments Manual (BPM5). Official aid and private sector debt that benefits from a public flows come from data collected and published by guarantee. In its design, consistency, and conti- the Development Assistance Committee (DAC) nuity of coverage, the DRS is a unique resource. of the Organisation for Economic Co-operation Reporting countries submit detailed reports on and Development (OECD). Short-term external the annual status, transactions, and terms of the debt data are as reported by debtor countries or long-term external debt of public agencies and are estimates based on the Bank for International that of private ones guaranteed by a public agency Settlements (BIS) quarterly series of commercial in the debtor country. The DRS maintains these banks’ claims on developing countries. For some records on a loan-by-loan basis. In 1973, coverage countries, estimates were prepared by pooling of the DRS was expanded to include private sector creditor and debtor information. Data on the nonguaranteed borrowing, but for this category of gross national income of most developing coun- debt, data are provided by borrowers in aggregate tries are collected from national statistical orga- rather than loan by loan. nizations or central banks by visiting and resident Data submitted to the DRS are processed in World Bank missions. the World Bank External Debt (WBXD) system, Every effort has been made to ensure the along with additional information received from accuracy and completeness of the external debt the files of the African Development Bank, the statistics. Coverage has been improved through Asian Development Bank, the Inter-American the efforts of the reporting agencies and close Development Bank (IDB), the International Mon- collaboration between the Bank and our part- etary Fund (IMF), institutions of the World Bank ners Commonwealth Secretariat (COMSEC) and Group (IBRD and IDA), and the European Bank UNCTAD, which provide debt recording and for Reconstruction and Development (EBRD). The reporting systems across the globe, as well as WBXD is an internal system of the World Bank. through the work of the World Bank missions, Among its outputs is the Global Development which visit member countries to gather data and Finance (GDF) database, from which the tables in to provide technical assistance on debt issues. G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Nevertheless, quality and coverage vary among undisbursed debt) may not equal commitments debtors and may also vary for the same debtor less repayments. Discrepancies will be particu- from year to year. Data on long-term external larly significant when exchange rates have moved debt reported by member countries are checked sharply during the year. Projected debt service is against, and supplemented by, data from several converted to U.S. dollars at rates in effect at the other sources. Among these sources are the state- end of December 2010. ments and reports of several regional development Beginning with 1991, all ruble debt owed to banks, government lending agencies, and official the former Soviet Union has been converted at a government Web sites. rate of US$1 = 0.6 ruble, except in cases where a bilateral agreement specifying a different conver- sion rate is in place. Adoption of this methodology does not constitute an endorsement by the World Methodology Bank staff of the appropriateness or validity of the exchange rate used. This matter must be resolved Aggregations bilaterally between the Russian Federation and its Total debt stock and other aggregate measures are debtor countries. derived from the summation of loan-level data on Starting with the 1988–89 edition of World stocks and flows after conversion to a common Debt Tables (the predecessor of GDF), all data currency. Other tabulations are compiled using pertaining to IBRD loans from 1985 onward are terms and conditions reported in the loan-level recorded at their current market value. Starting data, such as currency composition, cancellations, with the 1991–92 edition, all data pertaining rescheduling of other liabilities into long-term to Asian Development Bank loans from 1989 public and publicly guaranteed external debt, and onward are recorded at their current market value. debt buybacks. Starting with the 1998 edition, all data pertain- Aggregates for regional and income groups ing to African Development Bank and African are based on the World Bank’s operational clas- Development Fund loans from 1997 onward are sifications, which may differ from common geo- recorded at their current market value. graphic usage or income groups used by other organizations. Country classifications of DRS Debt Stock and Flow Reconciliation reporting countries in 2010 are shown in country Because of currency conversions and the timing of groups in the back of the publication. The same transactions, there may be differences between the classification is used for all historical data shown change in aggregate stocks from one period to the in Global Development Finance and the online next and flows during the relevant period; changes database. in debt outstanding, including undisbursed amounts, will therefore differ from commitments Currency Conversion less repayments. Data on external obligations are normally Changes in the stock of debt from one period reported to the World Bank in the currency of to the next can be attributed to five factors: the repayment and are converted into a common cur- net flow of debt, the net change in interest arrears, rency (U.S. dollars) using official exchange rates the capitalization of interest, a reduction in debt published by the IMF. resulting from debt forgiveness or other debt Commitments, disbursements, and debt ser- reduction mechanisms, and cross-currency valua- vice payments (flows) are converted to U.S. dollars tion effects. Any residual difference in the change at the annual average exchange rate for the year. in stock not explained by one of those five factors Debt outstanding (disbursed and undisbursed) at may indicate inconsistencies in the reported data the end of a given year (stock) is converted at the or specific phenomena prevailing in an individual exchange rate in effect at the end of the relevant country (for example, an incomplete historical year. Consequently, year-to-year changes in debt series for all categories of debt). Starting in 1989, outstanding and disbursed may not be equal to net the GDF includes a debt stock reconciliation, but flows (disbursements less principal repayments); not all components are shown in the GDF print similarly, changes in debt outstanding (including edition. 320 A B O U T T H E D A T A External Debt Restructuring a decline in long-term external debt stock, but Starting in 1985, the WBXD includes informa- no flow transaction (principal repayment) will be tion on restructuring of debt by official creditors recorded. in the context of the Paris Club, restructuring by commercial creditors, debt swap operations, buy- Projections of Future Disbursements backs, and bond exchanges. It attempts to capture and Debt Service Payments accurately the effect of debt restructuring on both The WBXD system projects future disbursements external debt stocks and external debt flows, con- and future debt service payments on the assump- sistent with the terms on which the restructuring tion that every existing loan commitment will be takes place. In the compilation and presentation of fully used and repaid in full. external debt data, a distinction is made between cash flows and imputed flows. According to this Future Disbursements criterion, restructured service payments and the Disbursement projections are made using one of shift in liabilities from one financial instrument to the following methods: another as a result of debt restructuring are con- sidered to be imputed flows. Both cash flows and • Specific schedules. Debtor countries are imputed flows are recorded separately in WBXD. requested to submit a schedule of future disburse- The imputed flows and stock changes associ- ments, if available, at the time each new loan is ated with debt restructuring are included in the first reported. GDF tables and online database to complement • Standard schedules. In the absence of specific the cash-basis transactions recorded in the main schedules, the WBXD system projects the future body of the data. Such data encompass informa- disbursement schedule according to the undis- tion on the debt stock and debt flows restructured bursed balance of each loan at the end of the most each year, the amount of principal forgiven (inter- recent reporting period. est forgiven is shown as a memorandum item), and the amount of external debt stock reduced either These projected schedules are based on pro- by forgiveness or by a debt buyback operation. files derived from the disbursement pattern of Changes in creditors and debtors that result from comparable loans that fully disbursed. Thirty dif- debt restructuring are also reflected. For example, ferent profiles have been compiled corresponding when insured commercial credits are rescheduled, to each category of creditor and, in the case of the creditor classification shifts from private to official creditors, for concessional and nonconces- official (bilateral), reflecting the assumption of the sional loans. Each profile is derived by applying assets by the official credit insurance agencies in regression analysis techniques to a body of data the creditor country. The GDF data will show a on actual disbursements for each fully disbursed reduction in the external debt owed to the original loan in the WBXD database. The profiles are peri- private creditors equal or similar to the amount odically updated to take into account the evolving of debt restructured and a corresponding increase pattern of disbursements observed for fully dis- in the debt owed to the new official creditor. bursed loans. Similarly on the debtor side, when a government Future principal payments are generated by accepts responsibility for the payment of restruc- the WBXD system according to the repayment tured debt previously owed by a private enterprise, terms of each loan. Principal repayments (amor- the relevant change in the debtor category will tization) are based on the amount of the loan be reflected. Likewise, if short-term external debt commitment. If the amortization schedule fol- is restructured into a long-term obligation, the lows a set pattern (for example, equal semiannual stock of short-term external debt will decline and payments), the WBXD system calculates repay- the stock of long-term external debt will rise by ments automatically using the loan commitment the amount of short-term debt restructured. In the amount, the first and final payment dates, and the event of a debt swap of long-term external debt frequency of the payments. If future payments are (external debt to equity, external debt for nature, irregular, the WBXD system requires a schedule. or external debt for development), the face value Future interest payments are generated by of the external debt swapped will be recorded as the WBXD system according to the disbursed and 321 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 outstanding balance of the loan at the beginning of External Debt and Its Components the period. Using the interest rate specified in the loan contract, the first and final interest payment dates, and the frequency of payments, the WBXD T his section describes the compilation of the major components of external debt included in the GDF tables and database and the relation- system calculates the stream of future interest pay- ship between them, as shown in figure 1. Informa- ments due. If interest payments are irregular, the tion about general methods of compiling external WBXD system requires a schedule. debt data is discussed in the section titled “Meth- Future debt service payments are the sum odology.� For concise definitions, see the Glossary. of future principal and interest payments due on existing commitments, including the undisbursed Total External Debt portion. They do not include debt service payments Total external debt shown in the GDF is the sum that may become due as a result of new loans con- of long-term external debt, short-term debt, and tracted in subsequent years, nor do they take into IMF credit. It represents the total debt owed to account the effect of any change to future debt nonresident creditors and repayable in foreign service obligations resulting from actions such as currencies or in goods or services by public and prepayment or rescheduling or from cancellations private entities in the country. (Debt repayable in that occurred after the most recent year-end data domestic currency is not included.) reported to the DRS. Both projected disbursements and future debt Short-Term Debt service payments are converted into U.S. dol- Short-term debt is defined as external debt with lars using end-December 2010 exchange rates. an original maturity of one year or less. The DRS Likewise, future interest payments on loans with requires debtor countries to report only on their a variable interest rate (for example, loans from long-term external debt. However, to gain a com- commercial banks tied to the London Interbank prehensive picture of total external obligations, Offered Rate [LIBOR]) are based on the interest the World Bank encourages debtor countries to rate prevailing at end-December 2010. provide voluntarily information on their short- term external obligations. Treatment of Arrears By its nature, short-term external debt is The DRS collects information on arrears of both difficult to monitor: loan-by-loan registration is principal and interest. Principal in arrears is normally impractical, and monitoring systems included in the amount of long-term external debt typically rely on information requested periodi- outstanding and is shown separately. Interest in cally by the central bank from the banking sector. arrears on long-term external debt and interest The World Bank regards the debtor country as the in arrears on the use of IMF credit are included authoritative source of information on its short- as part of short-term external debt outstanding term debt. When such information is not made and are shown separately. Clearance of interest available from the debtor country, data from cred- in arrears by repayment will be recorded as an itor sources may be used to get an indication of the interest payment in the relevant creditor category magnitude of a country’s short-term external debt. of the loan (or loans) on which the arrears were The most important source is the BIS quarterly incurred, as a corresponding reduction in the level series showing the maturity distribution of com- of short-term debt outstanding, and as a net reduc- mercial banks’ claims on developing countries. tion in interest arrears. Clearance of interest arrears These data are reported on the basis of residual through debt restructuring or forgiveness will be maturity, but an estimate of short-term external recorded as a reduction in the level of short-term liabilities by original maturity can be derived by debt outstanding and a net reduction in interest deducting from claims due in one year those that, arrears. When interests are rescheduled, they will 12 months earlier, had a maturity of between one be capitalized: this change will be recorded as an and two years. However, not all commercial banks increase in long-term debt outstanding equal to the report to the BIS in a way that allows the full amount of interest capitalized and the reduction in maturity distribution to be determined, and the short-term debt outstanding noted previously. BIS data include liabilities only to banks within 322 A B O U T T H E D A T A Figure 1. External Debt 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 the BIS reporting area. Consequently, the results debt are derived from the data provided by BIS should be interpreted with caution. on international bank lending, which are based The flow of short-term debt may be derived on time remaining to original maturity. Interest from the change in claims (stock) data in the BIS in arrears on long-term external debt and interest quarterly series over consecutive periods, but valu- in arrears on the use of IMF credit are added to ation adjustments resulting from exchange rate short-term debt and are separately identified. movements will affect the calculations, as will prepayment and refinancing of long-term maturi- Use of IMF Credit ties falling due. When short-term external debt Data related to the operations of the IMF are pro- has been rescheduled, lags in reporting and differ- vided by the IMF Treasurer’s Department. They ences in the treatment of the rescheduled external are converted from special drawing rights into debt by debtors and creditors may result in double dollars using end-of-period exchange rates for counting. stocks and average-over-the-period exchange rates The information on short-term debt shown in for flows. IMF trust fund operations under the this publication comes primarily from either credi- Enhanced Structural Adjustment Facility, Extended tor or government sources. Unless otherwise speci- Fund Facility, Poverty Reduction and Growth fied in the country tables, the data for short-term Facility, and Structural Adjustment Facility 323 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 (Enhanced Structural Adjustment Facility in 1999) known to be significant. The estimation of pri- are presented together with all of the IMF’s special vate nonguaranteed debt is based on the national facilities (buffer stock, supplemental reserve, com- data on quarterly external debt statistics or IMF pensatory and contingency facilities, oil facilities, data. Flows are derived from the change in stock and other facilities). over consecutive periods and are adjusted for the effects of exchange rate movements (assuming the Long-Term Debt currency composition mirrors that of public and Long-term debt has an original maturity of more publicly guaranteed debt) and for any known debt than one year. It comprises the obligations of restructuring. Principal repayments are estimated both public and private debtors. Private non- on the basis of the average maturity observed guaranteed debt comprises the external obliga- for loans to private sector borrowers in countries tions of private debtors that are not guaranteed reporting to the DRS and on the basis of the stock for repayment by a public entity in the debtor of debt outstanding. Interest payments are esti- country. mated on the basis of the stock of debt outstand- Public and publicly guaranteed debt com- ing and interest rates prevailing in international prises the external obligations of public debtors capital markets. and has two components: (a) public debt, which is Balance of payments data provide a useful borrowing by the national government or agency, guideline in the estimation process: private non- by a political subdivision or agency, or by autono- guaranteed external debt may be derived as a mous public bodies, and (b) publicly guaranteed residual between net long-term external borrow- debt, which is borrowing by a private agency that ing recorded in the balance of payments and net is guaranteed for repayment by a public entity. longterm public and publicly guaranteed external debt reported to the DRS. Private Nonguaranteed Debt The DRS reporting requirements were expanded Public and Publicly Guaranteed Debt in 1973 to include long-term private nonguar- Data related to public and publicly guaranteed anteed debt. Data are reported annually on an debt are reported to the DRS on a loan-by-loan aggregate basis and include, for the reporting basis. The data provide annual information on year, the total amount of disbursed and outstand- the disbursed and outstanding balance and the ing debt; the amount of disbursements, principal undisbursed balance of each loan, the cumulative repayments, and interest payments; the principal disbursements, the principal and interest paid and and interest rescheduled; and the projected prin- principal and interest restructured in the reporting cipal and interest payments for future years. The year, and the stock of any outstanding payment’s aggregate data are usually reported in U.S. dollars, arrears of principal and interest. Detailed informa- and no information on the underlying currency tion on the terms and conditions of each loan is composition is given. also reported. Public debt and publicly guaranteed DRS reporting countries recognize the impor- debt are shown as a single line in this publication tance of monitoring borrowing by their private and then further disaggregated by creditor type sector, particularly when it constitutes a significant and, in the case of private creditors, by type of portion of total external debt, but many coun- credit instrument. tries acknowledge the difficulty of this process. Detailed data are available only when countries Official Creditors have registration requirements for private non- Official creditors include multilateral and bilateral guaranteed debt in place, most commonly in lenders. In general, official creditors provide loans connection with exchange controls. When formal (and, in some cases, provide grants) to public bod- registration of private nonguaranteed debt is not ies, although in some cases they may lend to other mandatory, compilers must rely on balance of pay- entities with a public guarantee. ments data and financial surveys. Multilateral creditors are international finan- The data on private nonguaranteed debt in cial institutions such as the World Bank, regional this publication is as reported or as estimated development banks, and other multilateral and for countries where this type of external debt is intergovernmental agencies whose lending is 324 A B O U T T H E D A T A administered on a multilateral basis. Funds admin- Bonds include publicly issued or privately istered by an international financial organization placed bonds. on behalf of a single donor government constitute Commercial bank loans are loans from pri- bilateral loans (or grants). For lending by a num- vate banks and other private financial institutions. ber of multilateral creditors, the data presented Credits of other private creditors include in this publication are taken from the creditors’ credits from manufacturers, exporters, and other records. Such creditors include the African Devel- suppliers of goods, plus bank credits covered by a opment Bank, the Asian Development Bank, the guarantee of an export credit agency. This line is IDB, the IBRD, and the IDA. (IBRD and IDA are included in the online database but is not shown in institutions of the World Bank.) the published tables. It can be obtained as the dif- Bilateral creditors are governments and their ference between (a) credits of total private credi- agencies, including central banks, aid agencies, tors and (b) bonds and commercial bank loans. official export credit agencies, and autonomous agencies such as the U.S. Department of Agricul- ture or the Federal Home Loan Bank. Member Sources of the Macroeconomic countries of the OECD Development Assistance Indicators Committee and some other countries also report information on loans extended bilaterally or offi- T he macroeconomic data are prepared by The World Bank from a variety of sources. Data on Workers’ Remittances and Compensation of cially guaranteed to the Creditor Reporting System of the OECD. Employees are prepared by World Bank staff based on IMF balance of payments statistics. Data on Foreign Direct Investments are prepared by Private Creditors World Bank staff based on IMF balance of pay- Private creditors include commercial banks, bond- ments statistics and United Nations Conference on holders, and other private creditors. This line Trade and Development (UNCTAD) publication. includes only publicly guaranteed creditors. Non- Other macroeconomic data are from IMF balance guaranteed private creditors are shown separately. of payments statistics. Data on Foreign Direct Investments are gap filled with countries’ balance of payments statistics for the following countries: Ecuador Malaysia Papua New Guinea Data on Exports of Goods, Services, and Income are gap filled with countries’ balance of payments statis- tics for the following countries: Algeria Ecuador Papua New Guinea Angola Egypt Rwanda Botswana Haiti São Tomé and Principe Cape Verde Madagascar (from 2006) Solomon Islands Comoros (from 2005) Malaysia Tonga Democratic Republic of Congo Mali Vanuatu (from 2008) (from 2005) Mauritania (from 2006) Republic of Yemen Dominican Republic Data on Imports of Goods, Services, and Income are gap filled with countries’ balance of payments statis- tics for the following countries: Algeria Comoros (from 2005) Ecuador Angola Democratic Republic of Congo Egypt Botswana (from 2005) Haiti Cape Verde Dominican Republic Madagascar (from 2006) 325 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Malaysia Rwanda Vanuatu (from 2008) Mali São Tomé and Principe Republic of Yemen Mauritania (from 2006) Solomon Islands Papua New Guinea Tonga Data for Current Account Balance are based on countries’ balance of payments statistics for the following countries: Algeria Egypt Rwanda Angola Guyana (from 2009) São Tomé and Principe Botswana Madagascar (from 2006) Solomon Islands Comoros (from 2005) Malawi (from 2005) Vanuatu (from 2008) Democratic Republic of Congo Malaysia Republic of Yemen (from 2006) Mali Zimbabwe (from 2005) Dominican Republic Mauritania (from 2006) Ecuador Papua New Guinea 326 . Country Groups Regional Groups East Asia and Pacific Russian Federation (P) Venezuela, RB (A) Chad (A) Serbiaa/b(A) Comoros (A) Cambodia (A) Tajikistan (A) Middle East and North Africa Congo, Dem. Rep. (E) China (P) Turkey (A) Congo, Rep. (E) Fiji (A) Turkmenistan (E) Algeria (A) Côte d’Ivoire (E) Indonesia (A) Ukraine (A) Djibouti (A) Eritrea (E) Lao PDR (P) Uzbekistan (A) Egypt, Arab Rep. (A) Ethiopia (A) Malaysia (E) Iran, Islamic Rep. (A) Gabon (A) Mongolia (A) Latin America and the Caribbean Jordan (A) Gambia,The (A) Myanmar (E) Lebanon (A) Ghana (A) Papua New Guinea (A) Argentina (A) Morocco (A) Guinea (E) Philippines (A) Belize (A) Syrian Arab Republic (A) Guinea-Bissau (E) Samoa (A) Bolivia (A) Tunisia (A) Kenya (A) Solomon Islands (A) Brazil (A) Yemen, Republic of (A) Lesotho (A) Thailand (A) Chile (A) Liberia (A) Tonga (A) Colombia (A) South Asia Madagascar (A) Vanuatu (E) Costa Rica (A) Malawi (A) Vietnam (P) Dominica (A) Afghanistan (A) Mali (A) Dominican Republic (A) Bangladesh (A) Mauritania (A) Europe and Central Asia Ecuador (A) Bhutan (A) Mauritius (A) El Salvador (A) India (A) Mozambique (A) Albania (A) Grenada (A) Maldives (A) Niger (A) Armenia (A) Guatemala (A) Nepal (A) Nigeria (A) Azerbaijan (A) Guyana (A) Pakistan (A) Rwanda (A) Belarus (A) Haiti (A) Sri Lanka (A) São Tomé and Principe (A) Bosnia and Herzegovinaa (A) Honduras (A) Senegal (A) Bulgaria (A) Jamaica (A) Sub-Saharan Africa Seychelles (A) Georgia (A) Mexico (A) Sierra Leone (A) Kazakhstan (A) Nicaragua (A) Angola (A) Somalia (E) Kosovo (A) Panama (A) Benin (A) South Africa (P) Kyrgyz Republic (A) Paraguay (A) Botswana (A) Sudan (A) Latvia (A) Peru (A) Burkina Faso (A) Swaziland (A) Lithuania (A) St. Kitts and Nevis (A) Burundi (P) Tanzania (A) Macedonia, FYR (A) St. Lucia (A) Cameroon (A) Togo (A) Moldova (A) St. Vincent and Cape Verde (A) Uganda (A) Montenegro (A) the Grenadines (A) Central African Zambia (P) Romania (A) Uruguay (A) Republic (P) Zimbabwe (A) 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, an element of staff estimation is included. “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. G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Income Groups Low-income countries Uganda Fiji Papua New Guinea Zimbabwe Gabon Paraguay Afghanistan Georgia Peru Bangladesh Ghana Philippines Benin Middle-income countries Grenada Romania Burkina Faso Guatemala Russian Federation Burundi Albania Guyana Samoa Cambodia Algeria Honduras São Tomé and Principe Central African Republic Angola India Senegal Chad Argentina Indonesia Serbia Comoros Armenia Iran, Islamic Rep. Seychelles Congo, Dem. Rep. Azerbaijan Jamaica Solomon Islands Eritrea Belarus Jordan South Africa Ethiopia Belize Kazakhstan Sri Lanka Gambia, The Bhutan Kosovo St. Kitts and Nevis Guinea Bolivia Lao PDR St. Lucia Guinea-Bissau Bosnia and Herzegovina Latvia St. Vincent and the Grenadines Haiti Botswana Lebanon Sudan Kenya Brazil Lesotho Swaziland Kyrgyz Republic Bulgaria Lithuania Syrian Arab Republic Liberia Cameroon Macedonia, FYR Thailand Madagascar Cape Verde Malaysia Tonga Malawi Chile Maldives Tunisia Mali China Mauritania Turkey Mozambique Colombia Mauritius Turkmenistan Myanmar Congo, Rep. Mexico Ukraine Nepal Costa Rica Moldova Uruguay Niger Côte d’Ivoire Mongolia Uzbekistan Rwanda Djibouti Montenegro Vanuatu Sierra Leone Dominica Morocco Venezuela, RB Somalia Dominican Republic Nicaragua Vietnam Tajikistan Ecuador Nigeria Yemen, Republic of Tanzania Egypt, Arab Rep. Pakistan Zambia Togo El Salvador Panama Note: Low-income economies are those with a GNI per capita of $1,005 or less in 2010. Middle-income economies are those with a GNI per capita of more than $1,006 but less than $12,275. Lower-middle-income and upper-middle-income economies are separated at a GNI per capita of $3,976. 328 . Glossary Average terms of new commitments provide middle-income countries is contracted (the euro, information on the average terms (interest rate, Japanese yen, pound sterling, Swiss franc, and maturity, and grace period) of new commitments U.S. dollar) are separately identified. Beginning in on public and publicly guaranteed external debt 2001, debt denominated in the currencies of the contracted with public and private creditors. Aver- members in the euro area is included under the ages are weighted by the amounts of the loans. euro rather than the national currencies that previ- ously prevailed. Bilateral official creditors are official agencies that make loans on behalf of one government to Current account balance is the sum of net balances another government or to public (and, in some on trade in goods, services, and income and the cases, private) borrowers in another country. net current transfers. Bonds are debt instruments issued by public and Debt buyback is the repurchase by a debtor of publicly guaranteed or private debtors with dura- its own debt, either at a discount price or at par tions of one year or longer. Bonds usually give value. In the event of a buyback of long-term the holder the unconditional right to fixed money debt, the face value of the debt bought back will income or contractually determined, variable be recorded as a decline in stock outstanding of money income. long-term debt, and the cash amount received by creditors will be recorded as a principal repay- Commercial banks are private banks that provide ment. For example, if a country buys back long- loans and other financial services. term external debt of face value B at a price P, Commitments of public and publicly guaranteed then long-term external debt will decline by B, debt constitute the total amount of new long-term and principal repayment will increase by P. The loans to public sector borrowers or borrowers difference between the price at which the debt was with a public sector guarantee extended by official bought back and the face value is recorded as a and private lenders and for which contracts were debt stock write-off (the related transactions are signed in the year specified. not separately indentified in the Global Develop- ment Finance (GDF) publication but are available Contractual obligations on outstanding long-term in the CD-ROM and online database). external debt are the anticipated debt service pay- ments on long-term external debt contracted up to Debt forgiveness grants include both debts can- December 31 of reporting year. celed by agreement between debtor and creditor and reductions in the net present value of official Currency composition of public and publicly nonconcessional loans resulting from concessional guaranteed debt provides information on the share rescheduling or refinancing. Data are recorded on of loans outstanding and disbursed by currency a disbursement basis and include debt forgiveness of repayment. For major multilateral creditors, from bilateral and multilateral creditors. the currency composition of the relevant unit of account is also taken into account. The principal Debt outstanding and disbursed is the value at currencies in which the external debt of low- and year’s end of long-term external debt owed by G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 public and publicly guaranteed debtors and pri- resident in an economy other than that of the vate nonguaranteed debtors. investor (direct investment enterprise). Owner- ship of 10 percent or more of the ordinary shares Debt restructurings are revisions to debt service or voting stock is the criterion for determining the obligations agreed on by creditors and debtors. existence of a direct investment relationship. Such agreements change the amount and timing of future principal and interest payments. Grace period is the time between the date on which a loan is committed and the date on which Debt service to exports is the ratio of the sum of the first principal payment is due. The information principal repayments and interest paid on total presented in Global Development Finance is the long-term debt (public and publicly guaranteed average grace period on all public and publicly debt and private nonguaranteed debt) to the value guaranteed debt committed during the specified of exports of goods and services and receipts of period. income from abroad. Debt stock-flow reconciliation shows the indica- Grants are legally binding commitments that tors that affect the change in debt stocks from one obligate a specific value of funds available for period to the next. disbursement for which there is no payment requirement. They include debt forgiveness Disbursements are drawings during the year grants and grants from bilateral and multilateral specified on loan commitments contracted by the agencies (such as the International Development borrower. Association). Exports of goods, services, and income constitute Gross national income (GNI) is the sum of value the total value of exports of goods and services, added by all resident producers, plus any product receipts of compensation of nonresident workers, taxes (less subsidies) not included in the valuation and investment income from abroad. of output, plus net receipts of primary income External debt flows are debt-related transac- compensation of employees and property income) tions during the year specified. They include dis- from abroad. Yearly average exchange rates are bursements, principal repayments, and interest used to convert GNI from local currency to U.S. payments. dollars. External debt stocks comprise public and publicly Heavily Indebted Poor Country (HIPC) Initiative guaranteed long-term external debt, private non- is a program of the World Bank and the Inter- guaranteed long-term external debt, use of IMF national Monetary Fund to provide debt relief credit, and short-term external debt, including to qualifying countries with unsustainable debt interest arrears on long-term debt. The relation burdens. between external debt stock and its components is Imports of goods, services, and income constitute illustrated on page 323 (figure 1). the total value of goods and services imported and External debt stocks to exports is the ratio of income payable to nonresidents. outstanding external debt to the value of exports Interest arrears on long-term debt are interest pay- of goods and services and receipts of income from ments due but not paid, shown on a cumulative abroad. basis. Interest arrears are due and payable imme- External debt stocks to GNI is the ratio of out- diately and are therefore regarded as short-term standing external debt to gross national income. obligations. Thus, an increase in interest arrears on long-term debt will be recorded as an increase Foreign direct investment refers to direct invest- in short-term debt. Interest in arrears on the use of ment flows in the reporting economy. It is the sum IMF credit is also considered to be part of short- of equity capital, reinvestment earnings, and other term external debt. capital. The term describes a category of interna- tional investment made by a resident entity in Interest payments are the amounts of interest paid one economy (direct investor) with the objective in foreign currency, goods, or services in the year of establishing a lasting interest in an enterprise specified. 330 G L O S S A R Y Interest rate is the interest rate applicable to a loan guaranteed debt committed during the specified commitment as specified in the loan contract. The period. information presented in Global Development Multilateral Debt Relief Initiative (MDRI) is a Finance is the average interest on all public and program of the World Bank, the IMF, the Inter- publicly guaranteed debt committed during the American Development Bank, and the African specified period. Development Bank that provides additional debt International Bank for Reconstruction and Devel- relief to countries that have completed the HIPC opment (IBRD) is a multilateral official creditor. It process. is the nonconcessional lending arm of the World Multilateral official creditors are official agencies Bank Group. owned or governed by more than one country that International Development Association (IDA) is a provide loan financing. They include international multilateral official creditor. It is the concessional financial institutions such as the World Bank, financing arm of the World Bank Group. The regional development banks, and other intergov- IDA also provides grant financing to qualified ernmental agencies. borrowers. Multilateral to external debt stocks is the ratio of International Monetary Fund (IMF) charges are the stock of debt owed to multilateral creditors to the amounts of interest paid in foreign currency in total external debt. the year specified for transactions with the IMF. Net flows on external debt are disbursements on International Monetary Fund (IMF) purchases long-term external debt and IMF purchases minus are the total drawings on the general resources principal repayments on long-term external debt account of the IMF during the year specified, and IMF repurchases. Up to 1984, this calcula- excluding drawings in the reserve tranche. tion included only long-term external debt and IMF flows. From 1985, the calculation includes International Monetary Fund (IMF) repurchases the change in stock of short-term debt (excluding are the amounts of principal (amortization) paid interest arrears on long-term external debt). in foreign currency in the year specified for trans- actions with the IMF. Official creditors are governments or other bilateral public entities, such as export-import International reserves constitute the sum of a agencies, development agencies, and multilateral country’s monetary authority’s holdings of special financial institutions such as the World Bank and drawing rights, its reserve position in the IMF, its regional development banks. holdings of foreign exchange, and its holdings of gold (valued at year-end London prices). Portfolio equity is the category of international investment that covers investment in equity securi- Long-term external debt is debt that has an origi- ties. Equity securities include shares, stocks, par- nal or extended maturity of more than one year ticipation, or similar documents (such as American and that is owed to nonresidents by residents of Depositary Receipts) that usually denote owner- an economy and is repayable in foreign currency, ship of equity. goods, or services. Present value of debt outstanding is the nominal Long-term private sector debt is long-term debt value of all future debt service obligations on owed by the private sector, whether publicly guar- existing debt discounted at prevailing market anteed or not. rates of interest. The interest rates used in this Long-term public sector debt is long-term external calculation are the Commercial Interest Reference debt owed by the public sector. Rates (CIRR) for each relevant currency compiled and published by the Organisation for Economic Maturity is the date on which the final principal Cooperation and Development. repayment on a loan is due. It is the sum of the grace and repayment periods. The information Principal arrears on long-term debt are principal presented in Global Development Finance is repayments due but not paid on long-term exter- the average maturity on all public and publicly nal debt, shown on a cumulative basis. 331 G L O B A L D E V E L O P M E N T F I N A N C E 2 0 1 2 Principal repayments are the amounts of principal Special Drawing Rights (SDRs) refer to an inter- (amortization) paid in foreign currency, goods, or national reserve asset that was created by the services in the year specified with respect to long- IMF in 1969 to supplement its member countries’ term external debt. official reserves. The value of SDRs is based on a basket of four key international currencies: the Private creditors are bondholders, commercial U.S. dollar, the pound sterling, the Japanese yen, banks, and other trade-related lenders. and the euro. In addition to playing a role as a Private nonguaranteed debt is debt owed by pri- supplementary reserve asset, SDRs serve as the vate sector borrowers to external creditors on unit of account for the IMF and some other inter- loans that do not benefit from a public sector national organizations. guarantee by the debtor country. Technical cooperation grants include (a) free- Profit remittances on FDI are payments of direct standing technical cooperation grants, which are investment income (debit side), which consist of intended to finance the transfer of technical and income on equity (dividends, branch profits, and managerial skills or of technology for the purpose reinvested earnings) and income on the intercom- of building up general national capacity without pany debt (interest). reference to any specific investment projects, Public and publicly guaranteed debt outstanding and (b) investment-related technical coopera- and disbursed is the value of debt at year’s end of tion grants, which are aimed at strengthening the public sector borrowers, or borrowers with a pub- capacity to execute specific investment projects. lic sector guarantee, owed to official and private Total amount forgiven is the total amount of lenders. principal and interest due, principal and interest Public and publicly guaranteed external debt in arrears, and debt stock forgiven in the year comprises public debt (an external obligation of specified. a public debtor, such as the national government or agency, a political subdivision or agency, or an Total amount rescheduled is the total amount autonomous public body) and publicly guaranteed of external debt rescheduled, including principal external debt (an external obligation of a private and interest due, principal and interest in arrears, debtor that is guaranteed for repayment by a pub- charges, penalties, and debt stock in the year lic entity). specified. Reserves to external debt stocks is the ratio of Total change in external debt stocks is the dif- international reserves to outstanding external debt. ference in the external debt stock between two Reserves to imports (months) is the ratio of inter- consecutive years. national reserves to the value of imports of goods, Use of IMF credit denotes members’ drawings on services, and income in the year shown and is the IMF other than amounts drawn against the expressed in months: country’s reserve tranche position. Use of IMF Reserves credit includes purchases and drawings under Stand-By, Extended, Structural Adjustment, Imports/12 Enhanced Structural Adjustment, and Systemic Short-term external debt has an original maturity Transformation Facility Arrangements as well as of one year or less. Available data permit no dis- Trust Fund loans. tinction among public, publicly guaranteed, and Worker remittances and compensation of employees private nonguaranteed short-term external debt. constitute the sum of workers’ remittances, com- Short-term to external debt stock ratio is the ratio pensation of employees, and migrants’ transfers as of short-term external debt to total outstanding defined in the IMF’s Balance of Payments Manual external debt. (BPM5). 332 . Users’ Guide The general cutoff date for all data in this publication is end-September 2011. The economic aggregates presented in the tables are prepared for the convenience of users. Although debt ratios can give useful in- formation about developments in debt-servicing capacity, conclusions drawn from them will not be valid unless accompanied by careful economic evaluation. The macroeconomic data provided are collected from national statistical organizations, but in some cases may be subject to considerable margin of error. The usual care must be taken in interpreting the ratios, particularly for the most recent years, because figures may be preliminary and subject to revision. Country notes at the end of each country table summarize major events that have taken place in the country in recent years; describe the sources of information for short-term and private nonguaranteed external debt; and highlight main issues in data collection process. Unless otherwise specified in the coun- try table, data on long-term public and publicly guaranteed external debt for 2010 are based on reports provided by the country. Abbreviations The following abbreviations are used in the principal ratios and indicator tables: BIS Bank for International Settlements CIRR Commercial Interest Reference Rates COMSEC Commonwealth Secretariat CRS Creditor Reporting System (of the OECD) DAC Development Assistance Committee (of the OECD) DRS Debtor Reporting System (of the World Bank) FDI Foreign Direct Investment GNI Gross National Income HIPC Highly Indebted Poor Country (Initiative of the World Bank and IMF) IBRD International Bank for Reconstruction and Development (of the World Bank) IDA International Development Association (of the World Bank) IMF International Monetary Fund LIBOR London Interbank Offered Rate MDRI Multilateral Debt Relief Initiative ODA Official Development Assistance OECD Organization for Economic Co-operation and Development SDRs Special drawing rights (of the IMF) UNCTAD United Nations Conference on Trade and Development WBXD World Bank External Debt System Symbols The following symbols have been used throughout: 0 or 0.0 means zero or small enough that the number would round to zero at the displayed number of decimal places. .. means that data are not available or that aggregates cannot be calculated because of missing data in the years shown. $ indicates current U.S. dollars unless otherwise specified. ECO-AUDIT Environmental Benefits Statement The World Bank is committed to preserving Saved: endangered forests and natural resources. • 14 trees The Office of the Publisher has chosen to • 6 million Btu of print Global Development Finance 2012 total energy on recycled paper with 30 percent post- • 1,362 lb. of consumer waste, in accordance with the net greenhouse recommended standards for paper usage gases set by the Green Press Initiative, a non- • 6,141 gal. of profit program supporting publishers in water using fiber that is not sourced from endan- • 389 lb. of gered forests. For more information, visit solid waste www.greenpressinitiative.org. G lobal Development Finance 2012: External Debt of Developing Countries is a continuation of the World Bank’s publications The database covers external debt stocks and flows, major economic aggregates, and key debt ratios, as well as average terms of Global Development Finance,Volume II (1997 new commitments, currency composition through 2009) and the earlier World Debt Tables of long term debt, and debt restructurings in (1973 through 1996). As in previous years, greater detail than can be included in the GDF GDF 2012 provides statistical tables showing book. The CD-ROM also contains the full the external debt of 129 developing countries contents of the print version of GDF 2012. that report public and publicly guaranteed Text providing country notes, definitions, and external debt to the World Bank’s Debtor source information is linked to each table. Reporting System (DRS). It also includes World Bank open databases are available tables of key debt ratios for individual reporting through the World Bank’s website, http:// countries and the composition of external www.worldbank.org. The Little Data Book on debt stocks and flows for individual reporting External Debt 2012 provides a quick reference countries and regional and income groups to the data from GDF 2012. For more along with some graphical presentations. information on the GDF database, CD-ROM, GDF 2012 draws on a database maintained and print publications go to http://publications. by the World Bank External Debt (WBXD) worldbank.org/ecommerce/. system. Longer time series and more detailed Global Development Finance 2012: External data are available from the Global Development Debt of Developing Countries is unique in its Finance 2012 on CD-ROM and the World coverage of the important trends and issues Bank open databases, which contain more than fundamental to the financing of the developing 200 time series indicators, covering the years world. This report is an indispensible resource 1970 to 2010 for most reporting countries, for governments, economists, investors, financial and pipeline data for scheduled debt service consultants, academics, bankers, and the entire payments on existing commitments to 2018. development community. THE WORLD BANK Further details about the GDF 2012 can be found at 1818 H Street, NW http://data.worldbank.org/. For general and ordering infor- Washington, DC 20433 USA mation, please visit the World Bank’s publications Web site Telephone: 202 473-1000 at http://publications.worldbank.org/, e-mail books@world- Web: data.worldbank.org bank.org, or call 703-661-1580; within the United States, please call 1-800-645-7274. ISBN: 978-0-8213-8997-3 eISBN: 978-0-8213-9453-3 DOI: 10.1596/978-0-8213-8997-3 SKU: 18997