47722 v2 Global Developlllent Finance The Globalization of Corporate Finance in Developing Countries II: Summary and CountryTables Global peveloplllent mance The Globalization of Corporate Finance in Developing Countries I I: SUM MAR Y AND CO U NT R Y TAB L E S 2007 THE WORLD BANK © 2007 The International Bank for Reconstruction and Developmentrrhe World Bank 1818 H Street, NW Washington, DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: feedback@worldbank.org All rights reserved 1 2 3 4 10 09 08 07 This volume is a product of the staff of the World Bank. The findings, interpretations, and conclusions expressed herein do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank does nor 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, World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2422; e-mail: pubrights@worldbank.org. Cover art: Charles Arnoldi, "Jumbo," 2000 (detail). Cover design: Drew Fasick ISBN-13: 978-0-8213-6964-7 eISBN-13: 978-0-8213-7104-6 ISSN 1020-5454 DOl: 10.15961978-0-8213-6964-7 Table of Contents Preface vn Burkina Faso 81 Burundi 84 Acknowledgments ix Cambodia 87 Cameroon 90 Abont the data Xl Cape Verde 93 Methodology Xl Central African Republic 96 Metadata XlV Chad 99 Country notes xx Chile 102 Sources xx China 105 Symbols XXI Colombia 108 Comoros 111 Abbreviations XXlll Congo, Democratic Republic of 114 Congo, Republic of 117 Country groups XXVll Costa Rica 120 Cote d'!voire 123 Summary tables XXIX Croatia 126 Djibouti 129 Regional and income group aggregate Dominica 132 tables 1 Dominican Republic 135 Ecuador 138 Country tables 29 Egypt, Arab Republic of 141 Albania 30 El Salvador 144 Algeria 33 Equatorial Guinea 147 Angola 36 Eritrea 150 Argentina 39 Estonia 153 Armenia 42 Ethiopia 156 Azerbaijan 45 Fiji 159 Bangladesh 48 Gabon 162 Barbados 51 Gambia, The 165 Belarus 54 Georgia 168 Belize 57 Ghana 171 Benin 60 Grenada 174 Bhutan 63 Guatemala 177 Bolivia 66 Guinea 180 Bosnia and Herzegovina 69 Guinea-Bissau 183 Botswana 72 Guyana 186 Brazil 75 Haiti 189 Bulgaria 78 Honduras 192 v GLOBAL DEVELOPMENT FINANCE 2007 Hungary 195 Poland 315 India 198 Romania 318 Indonesia 201 Russian Federation 321 Iran, Islamic Republic of 204 Rwanda 324 Jamaica 207 Samoa 327 Jordan 210 Sao Tome and Principe 330 Kazakhstan 213 Senegal 333 Kenya 216 Serbia and Montenegro 336 Kyrgyz Republic 219 Seychelles 339 Lao People's Democratic Republic 222 Sierra Leone 342 Latvia 225 Slovak Republic 345 Lebanon 228 Solomon Islands 348 Lesotho 231 Somalia 351 Liberia 234 South Africa 354 Lithuania 237 Sri Lanka 357 Macedonia, FYR 240 St. Kitts and Nevis 360 Madagascar 243 St. Lucia 363 Malawi 246 St. Vincent and the Grenadines 366 Malaysia 249 Sudan 369 Maldives 252 Swaziland 372 Mali 255 Syrian Arab Republic 375 Mauritania 258 Tajikistan 378 Mauritius 261 Tanzania 381 Mexico 264 Thailand 384 Moldova 267 Togo 387 Mongolia 270 Tonga 390 Morocco 273 Trinidad and Tobago 393 Mozambique 276 Tunisia 396 !-.1yanmar 279 Turkey 399 r\epal 282 Turkmenistan 402 Nicaragua 285 Uganda 405 Niger 288 Ukraine 408 Nigeria 291 Uruguay 411 Oman 294 Uzbekistan 414 Pakistan 297 Vanuatu 417 Panama 300 Venezuela, Republica Bolivariana de 420 Papua New Guinea 303 Vietnam 423 Paraguay 306 Yemen, Republic of 426 Peru 309 Zambia 429 Philippines 312 Zimbabwe 432 ~~--------.---.---. vi Preface lobal Development Finance Volume II: ratios as well as average terms of new commit- G Summary and Country Tables is part of a two-volume annual publication. Volume I: Review, Analysis, and Outlook contains ments, currency composition of long-term debt, debt restructuring, and scheduled debt service projections for all countries reporting through analysis and commentary on recent developments the DRS. in international finance for developing countries. The charts on pages xxiv to xxvi summarize Volume II: Summary and Country Tables (GDF) graphically the relation between debt stock and its contains statistical tables on the external debt of components, the computation of net flows, aggre- the 135 countries that report public and publicly gate net resource flows, and aggregate net trans- guaranteed debt under the Debtor Reporting Sys- fers; and the relation between net resource flows tem (DRS). It also includes tables of selected debt and the balance of payments. Exact definitions of and resource flow statistics for individual report- the terms used in the Summary and Country ing countries as well as summary tables for Tables volume of GDF are found in About the regional and income groups. It is the culmination Data section. of a year-long process that requires extensive The economic aggregates presented in the cooperation from people and organizations tables are prepared for the convenience of users. around the globe-national central banks, min- Although debt indicators can give useful informa- istries of finance, major multilateral organizations, tion about developments in debt-servicing capac- and many departments of the World Bank. ity, conclusions drawn from them will not be The Little Data Book on External Debt 2007 valid unless accompanied by careful economic provides a quick reference to the data from the evaluation. GDF. Global Development Finance 2007 on CD- The macroeconomic information provided is ROM contains a database of 217 time series indi- from standard sources, but many of them are sub- cators, covering the years 1970 to 2005 in most ject to considerable margins of error, and the usual cases, and to 2015 for "pipeline" data. It also con- care must be taken in interpreting the indicators. tains the full contents of the print version of the This is particularly the case for the most recent GDF. Text providing country notes, definitions, year or two, when figures are preliminary and and source notes is linked to each table. The gen- subject to revision. eral cutoff date for data is December 2006. This database is also available online (GDF Online) through the website of the World Bank. The database covers external debt stocks and Shaida Badiee flows, major economic aggregates, and key debt Director, Development Data Group vii Acknowledgtnents T his volume was prepared by the Financial especially the staff of the International Finance Data Team of the Development Data Team of the Development Prospects Group Group, led by Ibrahim Levent. The team (DECPG), the staff of the Economic Policy and consisted of Laila Adair, Nanasamudd Chhim, Debt Department (PRMED), and the country Nevin Fahmy, Shelley Fu, Nino Kostava, Gloria economists who reviewed the data. The work was Moreno, Olha Pryymak, Nicolas Rambaud- carried out under the management of Shaida Chanoz, and Alagiri Venkatesan. The team was as- Badiee. sisted by Rosario Alipio. The system support team The production of this volume was managed was led by Abdolreza Farivari, Soong Sup Lee by Richard Fix, with the assistance of Azita Amjadi provided the macroeconomic data, and K. M. and Uranbileg Batjargal. The CD-ROM and online Vijayalakshmi provided worker remittances and database were prepared by William Prince. Staff compensation of employees data. Many others from External Affairs oversaw publication and inside the World Bank provided helpful input, dissemination of the book. ix About the data Methodology sharply during the year; cancellations and reschedulings of other liabilities into long-term T he World Bank is the sole repository for statis- tics on the external debt of developing coun- tries on a loan-by-Ioan basis. The Debtor Reporting public debt also contribute to the differences. Exchange rates Data received by the World System (DRS), set up in 1951 to monitor these sta- Bank from its members and major multilateral tistics, is maintained by the staff of the Financial agencies are expressed in the currencies in Data Team (FIN), part of the Development Data which the debts are repayable or in which the Group of Development Economics. transactions took place. For aggregation, the Bank Methodology for aggregating data converts these amounts to U.s. dollars using the The DRS data are used, in combination with infor- IMF par values or central rates, or the current mation obtained from creditors through the debt market rates where appropriate. Service payments, data collection systems of other agencies, the staff commitments, and disbursements (flows) are of the Financial Data Team calculates the total ex- converted to U.S. dollars at the average rate for the ternal indebtedness of developing countries. The year. Debt outstanding and disbursed at the end of data are also supplemented by market sources and a given year (a stock) is converted at the rate in estimates made by World Bank staff. The current effect at the end of that year. Projected debt service, account balance data are taken from the Balance however, is converted to U.S. dollars at rates in of Payments (BOP) database of the IMF, which is effect at end-December 2005. Debt repayable in the standard presentation of the BOP yearbook multiple currencies, goods, or services and debt and may produce regional and other aggregates with a provision for maintenance of value of the that are different than those presented in GDF currency of repayment are shown at book value. volume I. Beginning with 1991 all ruble debt owed to the former Soviet Union is converted at a rate of Converting to a common currency Since debt $1 = 0.6 ruble, except in cases where a bilateral data are normally reported to the World Bank in agreement specifying a different conversion rate is the currency of repayment, they have to be in place. This valuation method does not consti- converted into a common currency (usually u.s. tute an endorsement by World Bank staff of the dollars) to produce summary tables. Because flow appropriateness or validity of this method or the data are converted at annual average exchange exchange rate used. The appropriate valuation is a rates and stock data at year-end exchange rates, matter to be resolved bilaterally between the Russ- year-to-year changes in debt outstanding and ian Federation and its debtor countries. disbursed are sometimes not equal to net flows (disbursements less principal repayments); Adjustments Year-to-year changes in debt similarly, changes in debt outstanding including outstanding and disbursed are sometimes not equal undisbursed debt differ from commitments less to net flows; similarly, changes in debt outstanding, repayments. Discrepancies are particularly including undisbursed, differ from commitments significant when rates have moved less repayments. The reasons for these differences xi GLOBAL DEVELOPMENT FINANCE 1007 are cancellations, adjustments caused by the use This edition includes data on private nonguar- of different exchange rates, and the rescheduling of anteed debt, either as reported or as estimated, for other liabilities into long-term public debt. countries for which this type of debt is known to be significant. For private nonguaranteed debt that Public and publicly guaranteed debt All data is not reported, the standard estimation approach related to public and publicly guaranteed debt are starts from a calculation of the stock of debt out- provided on a loan-by-Ioan basis by debtors except standing, using data available from creditors. for lending by some multilateral agencies, in which Amortization is estimated by making an as- case data are taken from the creditors' records. sumption regarding the proportion of debt repaid These creditors include the African Development each year and then applying these ratios to gener- Bank, the Asian Development Bank, the Inter- ate a first approximation of annual principal American Development Bank, and the International repayments. Disbursements are then estimated as Bank for Reconstruction and Development (IBRD) a residual between net flows (equal to the change and the International Development Association in the stock of debt, adjusted by the effect of the (IDA). (The IBRD and IDA are components of the currency composition of the public debt) and World Bank). Reports contain annual stocks and estimated amortization. Interest payments are esti- flows information as well as terms and conditions mated by applying an assumed average interest rate of individual loans contracted. to the stock of debt outstanding. Starting with the 1988-89 edition of World Data on the balance of payments flows pro- Debt Tables (the previous title of this book), all vide useful guidelines in the process of building data pertaining to World Bank loans from 1985 a time series because private nonguaranteed debt onward are recorded at their current market value. can be treated as a residual between total net long- Starting with the 1991-92 edition, all data per- term borrowing and net long-term borrowing taining to Asian Development Bank loans from recorded in the DRS for public and publicly guar- 1989 onward are recorded at their current market anteed debt. value. Starting with the 1998 edition, all data per- taining to African Development Bank and African Short-term debt The World Bank regards the Development Fund loans from 1997 onward are individual reporting country as the authoritative recorded at their current market value as well. source of information on its own external liabilities. But for short-term debt, defined as debt with an Private nonguaranteed debt The DRS was original maturity of one year or less, accurate expanded in 1970 to incorporate private information is not widely available from debtors. nonguaranteed long-term debt. Reports, submitted By its nature, short-term debt is difficult to monitor; annually, contain aggregate data for disbursed loan-by-loan registration is normally impractical, and outstanding debt, disbursements, principal and most reporting arrangements involve periodic repayments, interest payments, principal and returns to a country's central bank from its banking interest rescheduled for the reporting year, and sector. Since 1982 the quality of such reporting has projected payments of principal and interest. Data improved, but only a few developing countries have are usually presented in dollars, and currency figures available for short-term debt. conversion is not necessary. Where information from debtors is not avail- Although the reporting countries fully recog- able, data from creditors can indicate the magni- nize the importance of collecting data on private tude of a country's short-term debt. The most im- nonguaranteed debt when it constitutes a signifi- portant source is the BIS' quarterly series showing cant portion of total external debt, detailed data the maturity distribution of commercial banks' are available only in countries that have registra- claims on developing countries. Those data are re- tion requirements covering private debt, most ported residually. However, an estimate of short- commonly in connection with exchange controls. term liabilities by original maturity can be calcu- Where formal registration of foreign borrowing is lated by deducting from claims due in one year not mandatory, compilers must rely on balance of those that had a maturity of between one and two payments data and financial surveys. years 12 months earlier. xii ABOUT THE DATA There are several problems with this method. credit is included and identified in the amount of Valuation adjustments caused by exchange rate short-term debt outstanding. If and when interest movements will affect the calculations, as will in arrears is capitalized under a debt reorganiza- prepayment and refinancing of long-term maturi- tion agreement, the amount of interest capitalized ties falling due. Moreover, not all countries' com- will be added to the amount of long-term debt mercial banks report in a way that allows the full outstanding and the corresponding deduction maturity distribution to be determined, and the made from the amount of short-term debt BIS data include liabilities only to banks within the outstanding. reporting area. Even on this basis, however, the re- sults need to be interpreted with caution. Where Treatment of debt restructurings The DRS short-term debt has been rescheduled, the effect of attempts to capture accurately the effects of the lags in reporting and differences in the treatment different kinds of restructurings on both debt of the rescheduled debt by debtors and creditors stocks and debt flows, consistent with the may result in double counting if short-term debt circumstances under which the restructuring takes derived from creditor sources is added to long- place. Whether a flow has taken place is sometimes term debt reported by the country to obtain total difficult to determine. external liabilities. In compiling and presenting the debt data, a Some of the short-term debt estimates pub- distinction is made between cash flows and im- lished are drawn from debtor and creditor sources, puted flows. Based on this criterion, rescheduled but most are from creditor sources. Only for a few service payments and the shift in liabilities from countries can the data be regarded as authorita- one financial instrument to another as a result of tive, but they offer a guide to the size of a coun- rescheduling are considered to be imputed flows. try's short-term (and, hence, its total) external The imputed flows are recorded separately in debt. Interest in arrears on long-term debt and the World Bank External Debt (WBXD) system, the use of IMF credit are added to the short-term but these debt restructuring transactions are not debt. evident in the main body of the debt data-only the resulting effect of these transactions is Use ofIMF credit Data related to the operations reflected. of the IMF come from the IMF Treasurer's Changes in creditor and debtor status that Department and are converted from special can result from debt restructuring are also re- drawing rights (SDRs) into dollars using end-of- flected. For example, when insured commercial period exchange rates for stocks and average over credits are rescheduled, the creditor classification the period exchange rates for converting flows, shifts from private sources to official sources as described earlier. IMF trust fund (TF) and (bilateral). This reflects the assumption of the as- operations under the enhanced structural sets by the official credit insurance agencies of the adjustment (ESAF, renamed in 1999), poverty creditor countries. The debts to the original credi- reduction and growth facility (PRGF), and tors are reduced by the amounts rescheduled, and structural adjustment facility (SAF), are presented a new obligation to the official creditor agencies is together with all of the Fund's special facilities created. This shift also applies to private nonguar- (buffer stock, extended fund (EFF), supplemental anteed debt that is reduced by the amounts reserve (SRF), compensatory and contingency, oil rescheduled, which in turn are included in the facilities, and other facilities). Data are from the public and publicly guaranteed debt owed to offi- Treasurer's Department of the IMF. cial creditors. On the debtor side, when a govern- ment accepts responsibility for the payment of rescheduled debt previously owed by private en- Treatment of arrears The DRS collects infor- terprises, the DRS registers a change in debtor cat- mation on arrears in both principal and interest. egories in the DRS. Similarly, when short-term Principal in arrears is included and identified in debt is included in a restructuring agreement, the the amount of long-term debt outstanding. Interest rescheduled amount is shifted from short-term to in arrears of long-term debt and the use of IMF long-term debt. xiii GLOBAL DEVELOPMENT FINANCE 2007 Methodology for projecting data Future debt seroice payments Most projections The WBXD system of the DRS projects future dis- of future debt service payments generated by the bursements of un utilized commitments and future WBXD system are based on the repayment terms debt service payments. of the loans. Principal repayments (amortization) are based on the amount of loan commitments, Future disbursements Projections of disburse- and the amortization profile of most loans fol- ments help underpin future capital requirements in lows a set pattern. Using the first and final the implementation of externally financed projects. payment dates and the frequency of the payments, In addition, they help determine the interest the system calculates the stream of principal portion of projected debt service. Future interest payments due. If future payments are irregular, the payments are based on projected debt outstanding WBXD system requires a schedule. that is itself determined by projected dis- Projected future interest payments are calcu- bursements and repayments. The underlying lated similarly. Interest is based on the amount of assumptions of these projections are that loan debt disbursed and outstanding at the beginning of commitments will be fully utilized and that the the period. Again, llsing the first and final interest debtor country will repay all sums due. Future payment dates and the frequency of payments, the disbursements and debt service refer only to system calculates the stream of interest payments existing debt and do not reflect any assumptions due. If interest payments are irregular, the WBXD on future borrowing. system requires a schedule. Disbursement projections use two methods: The published figures for projected debt · Specific schedules. Debtor countries are re- service obligations are converted into U.S. dollars quested to submit a calendar of future disburse- using the end-December 2005 exchange rates. ments, if available, at the time individual loans are Likewise the projection routine for varia ble inter- first reported. Country authorities are in a better est rate debt, such as commercial bank debt based position to provide estimated disbursement sched- on the London interbank offer rate (LIBOR), as- ules when there is a solid public sector investment sumes that the rate prevailing at the end of Decem- program in place. ber 2005 will be effective throughout. · Standard schedules. In the absence of specific schedules, the WBXD system projects disburse- ments by applying a set of profiles to the last ac- tual undisbursed balance of individual loans. Metadata The profiles are derived under the assumption ummary tables present selected debt and re- that specific sources of funds have some common characteristics that cause them to disburse, in the S source flow statistics for the individual report- ing countries and external debt data for regional aggregate, in some observable pattern. Accordingly, and income groups. For the 135 individual coun- some thirty profiles have been derived that roughly tries that report to the World Bank's DRS, tables correspond to creditor type. Profiles exist for con- are presented in a three-page layout containing cessional and nonconcessional loans from official 10 sections. The format of the regional and in- creditors. For bilateral lending, profiles have been come group tables draws on the individual country developed for the Development Assistance Com- table format and includes graphic presentations. mittee (DAC), the Organization of Petroleum Ex- As in the past, the database feeding the print edi- porting Countries (OPEC), and other creditor tion continues to maintain all the derived indicator groupings. For multilateral lending, specific profiles information. are available for major international organizations. For all regional, income, and individual coun- An estimating equation for each profile is derived try tables, data definitions are presented below by applying regression analysis techniques to a or footnoted where appropriate. Data definitions body of data that contains actual disbursement in- for other summary tables are, likewise, consistent formation for each loan. Although these standard with those below. profiles are reestimated from time to time, under 1. Summary debt data summarizes the stocks the best scenario they can only approximate the dis- and flows of the major components of the external bursement pattern of any single loan. debt of the country. xiv ABOliT THE DATA TOTAL DEBT STOCKS (EDT) consist of interest arrears restructuring and interest restruc- public and publicly guaranteed long-term debt, turing will be recorded as interest capitalization private nonguaranteed long-term debt, the use of (CD-ROM only). IMF credit, and short-term debt. Interest in arrears Principal in arrears on long-term debt is de- on long-term debt and the use of IMF credit are fined as principal repayment due but not paid, on added to the short-term debt and are shown as a cumulative basis. separate lines. Arrears of principal and of interest Use of IMF credit denotes repurchase obliga- have been dis aggregated to show the arrears owed tions to the IMF with respect to all uses of IMF re- to official creditors and the arrears owed to pri- sources (excluding those resulting from drawings vate creditors. Principal in arrears on long-term in the reserve tranche) shown for the end of the debt are shown as memorandum items. The rela- year specified. Use of IMF credit comprises pur- tion between total debt stock and its components chases outstanding under the credit tranches, in- is illustrated on page xxiv. cluding enlarged access resources and all special Long-term external debt is defined as debt facilities, trust fund loans, and poverty reduction that has an original or extended maturity of more and growth facility (PRGF) and structural adjust- than one year and that is owed to nonresidents ment facility (SAF). and repayable in foreign currency, goods, or · IMF purchases are total drawings on the gen- services. eral resources account of the IMF during the year Long-term debt has three components: specified, excluding drawings in the reserve · Public debt, which is an external obligation of tranche. a public debtor, including the national govern- · IMF repurchases are total repayments of out- ment, a political subdivision (or an agency of standing drawings from the general resources either), and autonomous public bodies. account during the year specified, excluding repay- · Publicly guaranteed debt, which is an external ments due in the reserve tranche. obligation of a private debtor that is guaranteed TOTAL DEBT FLOWS are consolidated for repayment by a public entity. data on disbursements, principal repayments, and · Private nonguaranteed external debt, which interest payments for total long-term debt and is an external obligation of a private debtor that transactions with the IMF and short-term debt. is not guaranteed for repayment by a public entity. Disbursements are drawings on loan commit- Short-term external debt is defined as debt ments during the year specified. that has an original maturity of one year or less. Principal repayments are the amounts of prin- Available data permit no distinction between cipal (amortization) paid in foreign currency, public and private nonguaranteed short-term goods, or services in the year specified. debt. Net flows on debt are disbursements on [merest in arrears on long-term debt is de- long-term debt and IMF purchases minus principal fined as interest payment due but not paid, on a repayments on long-term debt and IMF repur- cumulative basis. Interest arrears are regarded as chases up to 1984. Beginning in 1985 this line short-term debt. Thus, an increase in interest includes the change in stock of short-term debt arrears will not be recorded as increase in LDOD. (excluding interest arrears for long-term debt). On the other hand, a clearing of interest arrears as Thus if the change in stock is positive, a disburse- pa yments of interest arrears will be allocated to ment is assumed to have taken place; if negative, a the relevant flows, being long-term, or short-term repayment is assumed to have taken place. debt, depending on toward which flow the interest Interest payments are the amounts of interest payments took place. It will be recorded as (1) a paid in foreign currency, goods, or services in the reduction of short term debt (Section 1); (2) a net year specified. change in interest arrears (CD-ROM only). Simi- Net transfers on debt are net flows minus in- larly, the reduction of interest arrears through in- terest payments (or disbursements minus total terest arrears restructured and interest arrears for- debt service payments). The concepts of net flows given will also be recorded as a reduction of on debt, net transfers on debt, and aggregate net short-term debt (section 1) and as net change in flows and net transfers are illustrated on pages xxv interest arrears (CD-ROM only). In addition, and xxvi. xv Total debt service paid (TDS) is debt service grants, which are intended to finance the transfer payments on total long-term debt (public and of technical and managerial skills or of technology publicly guaranteed and private nonguaranteed), for the purpose of building up general national use of IMF credit, and interest on short-term capacity without reference to any specific invest- debt. ment projects, and investment-related technical coopera tion grants, which are provided to 2. Aggregate net resource flows and transfers pro- strengthen the capacity to execute specific invest- vides data series for aggregate net resource flows ment projects. and net transfers (long-term). Profit remittances on foreign direct invest- NET RESOURCE FLOWS (LONG-TERM) ment covers payments of direct investment income are the sum of net resource flows on long-term (debit side), which consist of income on equity debt (excluding IMF credit) plus non-debt-creating (dividends, branch profits, and reinvested flows: net foreign direct investment, portfolio eq- earnings) and income on the intercompany debt uity flows, and official grants (excluding technical (interest) . cooperation). Net foreign direct investment and portfolio equity flows are treated as private source 3. Major economic aggregates provides data series flows. Grants for technical cooperation are shown for major economic aggregates. The five economic as a memorandum item. Also available as memo- aggregates for the reporting economies are pre- randum items are official net resource flows and pared for the convenience of users; the usual cau- private net resource flows. Official net resource tion should be exercised in using them for eco- flows are the sum of net flows on long-term debt nomic analysis. to official creditors (excluding the IMF) plus offi- Gross national income, or GNI (Gross cial grants (excluding technical cooperation). Pri- national product, or GNP, in previous editions) is vate net resource flows are the sum of net flows on the sum of value added by all resident producers debt to private creditors plus net foreign direct in- plus any product taxes (less subsidies) not in- vestment and portfolio equity flows. Official net cluded in the valuation of output plus net receipts transfers and private net transfers are calculated of primary income (compensation of employees as memorandum items as well. NET TRANSFERS and property income) from abroad and uses yearly (LONG- TERM) are equal to net long-term re- average exchange rates in converting GNI from source flows minus interest payments on long-term local currency into U.S. dollars. loans and foreign direct investment profits. Exports of goods, services and income (XGS) Foreign direct investment (FDI) is defined as comprise the total value of goods and services investment that is made to acquire a lasting man- exported, receipts of compensation of employees, agement interest (usually 10 percent of voting and investment income. Workers' remittances, a stock) in an enterprise operating in a country other transfer and not an income entry in the balance of than that of the investor (defined according to res- payments, are treated as compensation of employ- idency), the investor's purpose being an effective ees in Global Development Finance because they voice in the management of the enterprise. It is the are often difficult to distinguish from compensa- sum of equity capital, reinvestment of earnings, tion of nonresident workers and migrants. other long-term capital, and short-term capital as Workers' remittances and compensation of shown in the balance of payments. FDI includes employees comprise current transfers by migrant inter-company debt. workers, wages and salaries earned by nonresi- Portfolio equity flows are the sum of country dent workers. In addition, migrants' transfers, a funds, depository receipts (American or global), part of capital transfers, are treated as workers' and direct purchases of shares by foreign investors. remittances in Global Development Pinance. See Grants are defined as legally binding commit- GDF volume 1 for more details. ments that obligate a specific value of funds avail- Imports of goods and services (MGS) are the able for disbursement for which there is no repay- total value of goods and services imported and in- ment requirement. come paid. The memorandum item technical cooperation International reserves (RES) are the sum of a grants includes free-standing technical cooperation country's monetary authority'S holdings of special xvi ABOUT THE DATA drawing rights (SDRs), its reserve position in the various components. Data on bonds issued by pri- IMF, its holdings of foreign exchange, and its hold- vate entities without public guarantee, compiled ings of gold (valued at year-end London prices). for major borrowers, are included in private Current account balance is the sum of the nonguaranteed debt. IBRD loans and IDA credits credits less the debits arising from international are shown as memorandum items. transactions in goods, services, income, and cur- Data on long-term debt include eight main rent transfers. It represents the transactions that elements, not all of which have been provided in add to or subtract from an economy's stock of for- the GD F print: eign financial items. DEBT OUTSTANDING AND DISBURSED is the total outstanding debt at year end. 4. Debt indicators The macroeconomic aggregates DISBURSEMENTS are drawings on loan and debt data provided in the tables are used to commitments by the borrower during the year. generate ratios that analysts use to assess the exter- PRINCIPAL REPAYMENTS are amounts nal situations of developing countries. Different an- paid by the borrower during the year. alysts give different weights to these indicators, but NET FLO WS received by the borrower dur- no single indicator or set of indicators can substi- ing the year are disbursements minus principal re- tute for a thorough analysis of the overall situation payments. of an economy. The advantage of the indicators in INTEREST PAYMENTS are amounts paid by Global Development Finance is that they are calcu- the borrower during the year. lated from standardized data series that are com- NET TRANSFERS are net flows minus inter- piled on a consistent basis by the World Bank and est payments during the year; negative transfers the IMF. The ratios offer various measures of the show net transfers made by the borrower to the cost of, or capacity for, servicing debt in terms of creditor during the year. the foreign exchange or output forgone. The fol- DEBT SERVICE (LTDS) is the sum of princi- lowing ratios are provided based on total external pal repayments and interest payments actually debt: made. EDTIXGS is total external debt to exports of UNDISBURSED DEBT is total debt un- goods and services (including workers' remittances). drawn at year end; data for private nonguaranteed EDT/GNI is total external debt to gross debt are not available. national income. Data are aggregated by type of creditor. TDS/XGS, also called the debt service ratio, is Official creditors includes multilateral and total debt service to exports of goods and services bilateral debt. (including workers' remittances). · Loans from multilateral organizations are INT/XGS, also called the interest service ratio, loans and credits from the World Bank, regional is total interest payments to exports of goods and development banks, and other multilateral and services (including workers' remittances). intergovernmental agencies. Excluded are loans INT/GNI is total interest payments to gross from funds administered by an international national income. organization on behalf of a single donor govern- RES/EDT is international reserves to total ex- ment; these are classified as loans from ternal debt. governments. RES/MGS is international reserves to imports · Bilateral loans are loans from governments of goods and services. and their agencies (including central banks), loans Short-term/EDT is short-term debt to total from autonomous bodies, and direct loans from external debt. official export credit agencies. C01Zcessional/EDT is concessional debt to Private creditors include bonds, commercial total external debt. banks, and other private creditors. Other private Multilateral/EDT is multilateral debt to total creditors comprise trade-related lending. external debt. · Bonds include publicly issued or privately placed bonds. 5. Long-term debt provides detailed information · Commercial banks are loans from private on stocks and flows of long-term debt and its banks and other private financial institutions. xvii GLOBAL DEVELOPMENT FINANCE 2007 · Other private includes credits from manufac- Debt restructurings include restructurings in the turers, exporters, and other suppliers of goods, context of the Paris Club, commercial banks, debt- and bank credits covered by a guarantee of an ex- equity swaps, buy backs, and bond exchanges. In port credit agency. the event of a swap of long term debt (debt-to- Four characteristics of a country's debt are equity, debt-for-nature, or debt-for-development), given as memorandum items for long-term debt the face value of the debt swapped will be outstanding and disbursed (LDOD) in the elec- recorded as a decline in the long-term debt stock, tronic database. but the operation will not be recorded as a princi- Concessional LDOD conveys information pal repayment. For example, if a country swaps about the borrower's receipt of aid from official debt of face value D against equity, then LDOD lenders at concessional terms as defined by the DAC, will decline by D and a principal repayment will that is, loans with an original grant element of not be reported. Debt restructuring data capture 25 percent or more. Loans from major regional de- the non-cash or inferred flows associated with velopment banks-African Development Bank, rescheduling and restructuring. These are pre- Asian Development Bank, and the Inter-American sented to complement the cash-basis transactions Development Bank-and from the World Bank are recorded in the main body of the data, which classified as concessional according to each institu- show both the stock and flows rescheduled each tion's classification and not according to the year. In addition, the amount of debt forgiven (in- DAC definition, as was the practice in earlier reports. terest forgiven is shown as a memorandum item) Variable interest rate LDOD is long-term and the amount of debt stock reduction (including debt with interest rates that float with movements debt buyback) are also shown separately. in a key market rate such as the London interbank Total amount rescheduled is the total amount offer rate (LIBOR) or the U.S. prime rate. This of debt rescheduled, which includes the debt item conveys information about the borrower's ex- stock, principal, interest, charges, and penalties posure to changes in international interest rates. rescheduled. Public sector LDOD and private sector Debt stock rescheduled is the amount of debt LDOD convey information about the distribu- outstanding rescheduled in any given year. tion of long-term debt for DRS countries by type Principal rescheduled is the amount of princi- of debtor (central government, state and local pal due or in arrears that was rescheduled in any government, central bank, public and mixed given year. enterprises, official development banks, private Interest rescheduled is the amount of interest banks, and private entities). due or in arrears that was rescheduled in any given year. 6. Currency composition of public and publicly Debt forgiven is the amount of principal due guaranteed debt provides information on the cur- or in arrears that was written off or forgiven in rency composition of loans outstanding and dis- any given year. It includes debt forgiven within bursed based on repayment currency of individual and outside Paris Club agreements, principal for- loans. For major multilateral creditors, currency given and principal arrears forgiven, and excludes composition is based on reporting currency, which is interest forgiven. Interest arrears forgiven and mostly US$ and Unit of Account. The major curren- future interest obligations forgiven are recorded as cies in which the external debt of low- and middle- a memo item under interest forgiven (section 7). income countries is contracted are separately iden- Interest forgiven is the amount of interest due tified, as is debt denominated in special drawing or in arrears that was written off or forgiven in rights and debt repayable in multiple currencies. any given year. Beginning in 2001, debt denominated in the Debt stock reduction is the amount that has currencies of the 12 members in the European been netted out of the stock of debt using debt Monetary Union is included under the euro. conversion schemes such as buybacks and equity swaps or the discounted value of long-term bonds 7. Debt restructurings provides information on that were issued in exchange for outstanding debt. restructurings of long-term debt starting in 1985. It includes the effect of any financial operation --------~ - - - - .... --~~ .... -------------------------~ .... --~--- xviii ABOUT THE DATA that will reduce the debt stock other than debt Net flows on debt are disbursements on long- stock restructuring, repayment of principal and term debt and IMF purchases minus principal debt forgiven (which is recorded separately in sec- repayments, IMF repurchases and change in the tion 7). In particular, "debt stock reduction" will stock of the short-term debt. include the face value of debt bought back, the Net change in interest arrears is the variation face value of debt swapped for equity (or "nature" in the total amount of interest in arrears between or "development"), any face value reduction that two consecutive years (CD-ROM only). might result as the consequence of a bond ex- Interest capitalized is the interest that became change, and any face value reduction resulting part of the stock of debt due to a rescheduling from an exchange of debt for discount bonds. operation (CD-ROM only). Debt buyback is the repurchase by a debtor of Debt forgiveness or reduction is the debt stock, its own debt, discounted or at par. In the event of a principal and/or interest that will not be paid (CD- buyback of long-term debt, the face value of the ROM only). debt bought back will be recorded as a decline in Cross-currency valuation effect arises from the long-term debt stock, and the cash amount re- movements in the value of the dollar against other ceived by creditors will be recorded as a principal world currencies, as well as debt forgiveness or repayment in Section 5. For example, if a country reduction, and effect the value of developing- buys back long-term debt of face value B at a price country debt. Countries contract debt in various p, then LDOD will decline by B, and principal currencies. The debt data that countries report to repayment will go up by p*B. The difference the World Bank's Debtor Reporting System is between the secondary market price at which the expressed in the currencies in which the original debt was bought back and the face value is debt was contracted or in currencies in which it is recorded as a debt stock write off (CD-ROM repayable. For purposes of standardization and only). Both debt buyback and debt stock write aggregation, the DRS converts these amounts into off are included in the debt stock reduction dollar values. The exchange rates used are gener- (Section 7). ally the par values or central rates specified by the International Monetary Fund or market rates 8. Debt stock-flow reconciliation reconciles the when necessary. Exchange rates in effect at the end stock and flow data on total external debt for each of any given year are used to convert the stock of year, beginning with 1989. This section is designed debt outstanding for that year in various curren- to illustrate the changes in stock that have taken cies into the nominal dollar value. Residual is the place due to five factors: the net flow on debt, the change in the total debt stock that is not justified net change in interest arrears, the capitalization of by the operations listed in this section (CD-ROM interest, the reduction in debt resulting from debt only). forgiveness or other debt reduction mechanisms, and the cross-currency valuation effects. The resid- 9. Average terms of new commitments provides ual difference-the change in stock not explained information on the average terms of new commit- by any of the factors identified above-is also pre- ments on public and publicly guaranteed debt and sented. The residual is calculated as the sum of iden- information on the level of commitments from tified accounts minus the change in stock. Where official and private sources. To obtain averages, the residual is large it can, in some cases, serve as an the interest rates, maturities, and grace periods in illustration of the inconsistencies in the reported each category have been weighted by the amounts data. More often, however, it can be explained by of the loans. specific borrowing phenomena in individual coun- The grant equivalent of a loan is its commitment tries. These are explained in the Country Notes sec- (present) value, less the discounted present value of tion. Not all components are provided in the GDF its contractual debt service; conventionally, future print. service payments are discounted at 10 percent. Total change in debt stock is the variation in Net Present Value (NPV) of debt-the nomi- the total debt stock between two consecutive nal amount outstanding minus the sum of all years. future debt-service obligations (interest and xix GLOBAL DEVELOPMENT FINANCE 2007 principal) on existing debt discounted at an inter- reports provided by the country, and short-term est rate different from the contracted rate. debt data are World Bank staff estimates, based on The grant element of a loan is the grant equiv- BIS data on international bank lending. alent expressed as a percentage of the amount committed. It is used as a measure of the overall Sources cost of borrowing. Loans with an original grant element of 25 percent or more are defined as con- cessional. The average grant element has been T he principal sources of information for the tables in this volume are reports to the World Bank through the DRS from member countries weighted by the amounts of the loans. Commit- that have received either IBRD loans or IDA cred- ments cover the total amount of loans for which its. Additional information has been drawn from contracts were signed in the year specified; data the files of the African Development Bank, the for private nonguaranteed debt are not available. Asian Development Bank, the Central Bank for Grace period-the grace period for principal is Economic Integration, the Inter-American Devel- the period from the date of signature of the loan or opment Bank, the IBRD and the IDA, and the the issue of the financial instrument to the first International Monetary Fund (IMF). (The IBRD repayment of principal. The repayment period is the and IDA are components of the World Bank.) period from the first to last repayment of principal. Reporting countries submit detailed (Ioan-by- Maturity is the number of years to original loan) reports through the DRS on the annual maturity date, which is the sum of grace and status, transactions, and terms of the long-term repayment periods. external debt of public agencies and that of private ones guaranteed by a public agency in the debtor 10. Projections on eXlsttng pipeline provides country. This information forms the basis for the anticipated disbursements and contractual oblig- tables in this volume. ations on long-term debt contracted up to Decem- Aggregate data on private debt without public ber 2005. guarantee are compiled and published as reliable Projected debt service payments are estimates reported and estimated information becomes of payments due on existing debt outstanding, in- available. This edition includes data on private non- cluding undisbursed. They do not include service guaranteed debt, either as reported or as estimated, payments that may become due as a result of new for countries, when available. loans contracted in subsequent years. Nor do they The short-term debt data are as reported by allow for effects on service payments of changes in the debtor countries or are estimates. The princi- repayment patterns owing to prepayment of loans pal creditor sources are the semiannual series of or to rescheduling or refinancing, including repay- commercial banks' claims on developing coun- ment of outstanding arrears, that occurred after tries, published by the Bank for International the last year of reported data. Settlements (BIS). For some countries, estimates Projected disbursements are estimates of were prepared by pooling creditor and debtor drawings of unutilized balances (CD-ROM only). information. The projections do not take into account future Data on long-term debt reported by member borrowing by the debtor country. (See the countries are checked against, and supplemented Methodology section for a detailed explanation of by, data from several other sources. Among these how undisbursed balances are projected.) are the statements and reports of several regional development banks, government lending agencies, Country Notes and official government websites. ountry notes at the end of each country Data on exports and imports (on a balance of C table summarize major events that have taken place in the country in recent years and describe payments basis), international reserves, and cur- rent account balances are drawn mainly from the the sources of information for short-term and pri- files of the IMF, supplemented by World Bank staff vate non guaranteed debt and main issues on data estimates. Balance of payments data are presented collection process. Unless otherwise specified in according to the fifth edition of the IMF's Balance the country table, data on long-term public and of Payments Manual, which made several publicly guaranteed debt for 2005 are based on adjustments to its presentation of trade statistics. xx ABOUT THE DATA Coverage of goods was expanded to include in im- Every effort has been made to ensure the ports the value of goods received for processing accuracy and completeness of the debt statistics. and repair (on a gross basis). Their subsequent Nevertheless, quality and coverage vary among re-export is recorded in exports (also on a gross debtors and may also vary for the same debtor basis). This approach will cause a country's im- from year to year. Coverage has been improved ports and exports to increase without affecting the through the efforts of the reporting agencies and balance of goods. In addition, all capital transfers, the work of World Bank missions, which visit which were included with current transfers in the member countries to gather data and to provide fourth edition of the Balance of Payments Manual, technical assistance on debt issues. are now shown in a separate capital (as opposed to financial) account, and so do not contribute to the current account balance. Symbols Gross national income (GNI) data for most developing countries are conected from national statistical organizations and central banks by T · he following symbols have been used through- out: 0.0 indicates that a datum exists, but is negli- visiting and resident World Bank missions. Data gible, or is a true zero. on GNI are from the Macroeconomic Data Team · .. indicates that a datum is not available. of the Development Economics Development Data · Dollars are current U.S. dollars unless other- Group of the World Bank. wise specified. xxi Abbreviations The following abbreviations are used in the principal ratios and indicator tables: BIS Bank for International Settlements CRS Creditor Reporting System (of the OECD) DAC Development Assistance Committee (of the OECD) DDSR Debt and debt service reduction DRS Debtor Reporting System (of the World Bank) EDT Total external debt, including short-term and use of IMF credit FDI Foreign direct investment GNI Gross national income IBRD International Bank for Reconstruction and DeveiopmentIWorld Bank IDA International Development Association (of the World Bank) IMF International Monetary Fund INT Total interest payments on long-term and short-term debt, including IMF charges LDOD Total long-term debt outstanding and disbursed LIBOR London interbank offer rate MGS Imports of goods and services MYRA Multiyear rescheduling agreement NPV Net present value of debt ODA Official development assistance OECD Organisation for Economic Co-operation and Development OPEC Organization of Petroleum Exporting Countries RES International reserves SDR Special drawing right (of the IMF) TDS Total debt service on long-term debt and short-term (interest only), including IMF Credits WBXD World Bank External Debt System XGS Exports of goods and services xxiii GLOBAL DEVELOPMENT FINANCE 2007 Debt stock and its components Total external debt (EDT) t t Short-term Long-term debt Use of IMF I debt (LDOD) credits by debtor t t Private Public and publicly nonguaranteed debt guaranteed debt ! ~b~ creditor I t t Official Private creditors creditors I I t t t t t Commercial Multilateral !;;>"a't"a' Bonds Other banks xxiv ABOUT THE DATA Aggregate net resource flows and net transfers (long-term) to developing countries Loan disbursements I minus I Principal repayments I equals I Foreign direct Debt service Net resource investment (FDI), Aggregate net I-- t - - plus - portfolio equity flows, r--- equals- (LTDS) flows on debt resource flows and official grants .I mmus I minus I Loan interest Interest payments and FDI profits I equals equals I Net transfers on debt xxv GLOBAL DEVELOPMENT FINANCE 2007 Aggregate net resource flows (long-term) and the balance of payments Credits Debits · Exports of goods and services · Imports of goods and services · Income received · Income paid Current account · Current transfers · Current transfers (including workers' remittances and private grants) · Official unrequited transfers · Official unrequited transfers (by foreign governments) (by national government) · Official unrequited transfer · Official unrequited transfer (by foreign governments) (by national government) · Foreign direct investment · Foreign direct investment (by nonresidents) (by residents) (disinvestment shown as negative) (disinvestment shown as negative) Capital and · Portfolio investment (abroad by financial account residents) (amortizations shown as negative) · Other long-term capital outflows (by residents) (amortizations shown as negative) Short-term capital outflow Reserve account Net changes in reserves Aggregate net resource flows Net resource flows on debt (long-term) xxvi Country groups Regional groups East Asia and Pacific Serbia and Montenegro> (Al Middle East and North Africa Equatorial Guinea (El Slovak Republic (Al Eritrea (Al Cambodia (A) Tajikistan (P) Algeria (Al Ethiopia (Al China (P) Turkey (Al Djibouti (Al Gabon (P) Fiji (A) Turkmenistan (A) Egypt, Arab Rep. of (Al Gambia,The (AJ Indonesia (P) Ukraine (A) Iran, Islamic Rep. of (A) Ghana (Al Lao PDR(Pl Uzbekistan (A) Jordan (A) Guinea (E) Malaysia (E) Lebanon (A) Guinea-Bissau (E) Mongolia (Al Latin America and the Caribbean Morocco (A) Kenya (Al Myanmar (E) Oman (AJ Lesotho (Al Papua New Guinea (Al Argentina (Al Syrian Arab Republic (El Liberia eE) Philippines (Al Barbados (El Tunisia (Al Madagascar (Al Samoa (A) Belize (A) Yemen, Republic of (A) Malawi (A) Solomon Islands (Al Bolivia (Al Mali (A) Thailand (P) Brazil (A) South Asia Mauritania (Al Tonga (A) Chile (A) Mauritius (Aj Vanuatu (Al Colombia (Al Bangladesh (A) Mozambique (Al Vietnam (Al Costa Rica (A) Bhutan (Al Niger (P) Dominica (A) India (Al Nigeria (P) Europe and Central Asia Dominican Republic (Al Maldives (A) Rwanda (P) Ecuador (Al Nepal (A) Silo Tome and Principe (P) Albania (A) EI Salvador (A) Pakistan (Al Senegal (P) Armenia (Al Grenada (Al Sri Lanka (Al Seychelles (A) Azerbaijan (A) Guatemala (A) Sierra Leone (Al Belarus (A) Guyana (Al Sub-Saharan Africa Somalia (El Bosnia and Herzegovina' (Al Haiti (A) South Africa (Pl Bulgaria (Al Honduras (Al Angola (A) Sudan (Al Croatia (Al Jamaica (P) Benin (P) Swaziland (A) Estonia (A) Mexico (A) Botswana (A) Tanzania (E) Georgia (Al Nicaragua (A) Burkina Faso (Al Togo (Al Hungary (A) Panama (A) Burundi (A) Uganda (A) Kazakhstan (Al Paraguay (Al Cameroon (P) Zambia (A) Kyrgyz Republic (Al Peru (Al Cape Verde (A) Zimbabwe (Al Latvia (A) St. Kitts and Nevis (Al Central African Republic (P) Lithuania (Al Sf. Lucia (A) Chad (A) Macedonia, FYR (Al St. Vincent and the Grenadines (Al Comoros (P) Moldova (A) Trinidad and Tobago (A) Congo, Dem. Rep. of (P) Poland (Al Uruguay (A) Congo, Rep. of (P) Romania (A) Venezuela, R.B. de (A) Cote d'Ivoire (El Russian Federation (PI Note: Letters in parenthesis indicate DRS reporters) status: (A) as reported, (P) preliminary. and IE) estimated. The status 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. "PreJiminary" data are based on reported or collected information but, because of incompleteness or other reasons~ include an element of staff estimation. "Estimated" data indicate that countries not current in their reporting and that a signjficant element of staff estimation has heen necessary in producing the data tables. a. For Bosnia and Herzegovina, total debt before 1999, excluding IBRD and UvlF obligatiom and short-rerm debt~ is included under Serbia and i\1onrenegro. xxvii GLOBAL DEVELOPMENT FINANCE 2007 Income groups Low-income countries Niger Middle-income countries Jordan Nigeria Kazakhstan Bangladesh Pakistan Albania Latvia Benin Papua New Guinea Algeria Lebanon Bhutan Rwanda Angola Lesotho Burkina Paso Sao Tome and Principe Argentina Lithuania Burundi Senegal Armenia Macedonia. FYR Cambodia Sierra LeDne Azerbaijan Malaysia Central African Republic Solomon Islands Barbados Maldives Chad Somalia Belarus Mauritius Comoros Sudan Belize Mexico Congo, Dem. Rep. of Tajikistan Bolivia Moldova Cote d'Ivoire Tanzania Botswana Morocco Eritrea Togo Bosnia and Herzegovina Nicaragua Ethiopia Uganda Brazil Oman Gambia,The Uzbekistan Bulgaria Panama Ghana Vietnam Cameroon Paraguay Guinea Yemen, Republic of Cape Verde Peru Guinea-Bissau Zambia Chile Philippines Haiti Zimbabwe China Poland India Colombia Romania Kenya Congo, Rep. of Russian Federation Kyrgyz Republic Costa Rica Samoa LaoPDR Croatia Serbia and Montenegro Liberia Djibouti Seychelles Madagascar Dominica Slovak Republic Malawi Dominican Republic South Africa Mali Ecuador Sri Lanka Mauritania Egypt, Arab Rep. of St. Kitts and Nevis Mongolia El Salvador St. Lucia Mozambique Equatorial Guinea St. Vincent and the Grenadines Myanmar Estonia Swaziland Nepal Fiji Syrian Arab Republic Gabon Thailand Georgia Tonga Grenada Trinidad and Tobago Guatemala Tunisia Guyana Turkey Honduras Turkmenistan Hungary Ukraine Indonesia Uruguay Iran, Islamic Rep. of Vanuatu Jamaica Venezuela, R.B. de Note; Low~income countries are those in which 2005 GNI per capita (calculated using the World Bank Atlas method) was no more than $875; middle-income countries arc those in which GNI per capita was between $876 and $10~725. xxviii Sutlltllary tables xxix Table 1. External debt ratios 2003-2005 (US$ millions) Present value of Ratio oftotal Ratio of present Ratio of total Ratio of present Total external debt debt external debt to value of debt to external debt to value of debt to 2005 2005 exports of GS (%) exports orGS (%) GNI(%) GNI(%) Albania 1,839 1,386 67 51 25 19 Algeria 16,879 16,978 45 45 21 21 Angola 11,755 11,462 74 72 61 59 Argentina 114,335 107,913 260 245 77 73 Annenia 134 100 49 36 Azerbaijan 1,881 1,522 34 27 22 18 Bangladesh 18,935 13,234 146 102 32 22 Barbados 660 725 37 41 24 27 Belarus 4,734 4,722 31 31 20 20 Belize 167 183 106 116 Benin 1,855 891 233 112 47 23 Bhutan 649 675 329 342 91 95 Bolivia 6,390 3,205 224 112 76 38 Bosnia and Her;~egovina 5,564 4,913 116 102 59 52 Botswana 473 408 10 8 6 5 Brazil 187,994 209,559 164 183 31 34 Bulgaria 16,786 16.392 107 105 70 68 Burkina Faso 2,045 1,061 377 196 43 22 Burundi 1,322 736 1,925 1,072 198 110 Cambodia 99 84 69 58 Cameroon 7,151 2,164 203 61 48 14 Cape Verde 546 381 123 86 62 43 Central African Republic 1,016 862 842 715 79 67 Chad 1,633 1,056 79 51 48 31 Chile 115 114 52 52 China 281,612 275,534 41 40 15 14 Colombia 37,656 40,757 158 171 40 43 Comoros 289 200 279 193 81 56 Congo. Dem. Rep. 10,600 7,624 533 383 171 123 155 106 180 124 Costa Rica 6,223 6,450 67 69 35 36 Cote d'/voire 10,735 10,032 140 131 74 69 Croatia 30,169 29,648 162 159 90 89 Djibouti 424 309 154 112 58 42 Dominica 252 218 197 170 100 86 Dominican Republic 7,398 7,350 61 61 37 37 Ecuador 17,129 18,476 154 166 56 60 Egypt, Arab Rep. 34,114 29,941 112 99 41 36 EI Salvador 7,088 7,357 101 105 46 48 Guinea 266 219 10 8 Eritrea 736 410 382 213 102 57 Estonia 11,255 10,725 121 115 107 ]02 Ethiopia 6,259 1,971 353 111 65 21 Fiji 231 231 17 17 9 9 Gabon 91 92 63 63 Gambia, The 672 386 281 162 172 99 Georgia 1,911 1,443 96 72 36 28 Ghana 6,739 2,325 187 64 76 26 Grenada 405 422 221 230 99 103 Guatemala 73 77 19 20 Guinea 3,247 1,258 376 146 90 15 Guinea-Bissau 693 746 613 660 269 290 Guyana 1,196 592 140 69 170 84 Haiti 1,323 897 93 63 36 24 Honduras 119 60 73 17 xxx Table 1. External debt ratios 2003-2005 (US$ millions) Present value of Ratio of total Ratio of present Ratio oftotal Ratio of present Total external debt debt external debt to value of debt to external debt to value of debt to 2005 2005 exports of GS (%) exports of GS ('Yo) GNI (%) GNI (%) Hungary 66,119 63,598 100 96 72 69 India 123,123 110,647 82 73 18 16 Indonesia 138,300 138,508 159 159 55 55 Iran, Islamic Rep. 21,260 20,468 40 39 13 13 Jamaica 118 141 78 93 Jordan 7,696 7,538 91 89 66 65 Kazakhstan 43,354 42,892 187 185 107 106 Kenya 6,169 4,669 136 103 38 28 Kyrgyz Republic 2,032 1,138 189 106 96 54 LaoPDR 367 200 115 63 Latvia 14,283 13,929 216 21] 106 104 Lebanon 22,373 23,305 122 127 109 114 Lesotho 690 512 67 50 43 32 Liberia 2,581 4,322 2,098 3,514 649 1,087 Lithuania 1 89 90 52 52 Macedonia, FYR 2,243 2,068 96 89 43 40 lo"tadagascar 3,465 1,803 621 323 71 37 Malawi 3,155 1,080 474 162 169 58 Malaysia 50,981 51,172 35 35 46 46 Maldives 368 308 62 52 52 43 It;iali 2,969 1,387 215 ]00 64 30 Mauritania 2,281 1,896 347 289 140 117 Mauritius 2,160 2,137 61 60 37 37 Mexico 167,228 178,876 74 79 24 26 Moldova 101 97 73 70 Mongolia If 1,327 981 99 73 85 63 Morocco 16,846 16,356 79 77 35 34 Mozambique 5,121 1,555 281 85 94 28 Myanmar 6,645 5,035 195 148 151 104 49 34 Nicaragua 5,144 2,003 241 94 119 46 Niger 1,972 767 366 142 65 25 Nigeria 22,178 22,096 53 53 34 34 Oman 3,472 3.435 22 22 14 14 Pakistan 160 134 36 30 Panama 9,765 11.878 97 118 74 90 Papua New Guinea 1,849 1,785 63 60 57 55 Paraguay 3,120 3,089 84 84 55 54 Peru 28,653 32,691 174 198 43 49 112 120 63 67 Poland 98,821 96,234 ]01 98 40 39 Romania 38,694 39,470 134 137 50 51 Russian Federation 229,042 230,298 103 104 40 40 Rwanda 1,518 340 686 154 82 18 Samoa 656 596 598 543 189 172 Sao Tome and Principe 336 108 1,628 520 548 175 Senegal 3,793 2,482 137 89 52 34 Serbia and Montenegro 16,295 16,122 204 202 70 69 Seychelles 675 696 100 103 102 106 Sierra Leone 427 702 178 160 40 Slovak Republic 23,654 23,945 72 73 60 61 Solomon Islands 170 132 140 108 65 50 Somalia 2,750 2.652 1,179 1,137 South Africa 30,632 28,578 50 47 15 14 Sri Lanka 127 109 57 48 XXXI Table 1. External debt ratios 2003-2005 (US$ millions) Present value of Ratio of total Ratio of present Ratio of total Ratio of present Total external debt debt external debt to value of debt to external debt to value of debt to 2005 2005 exports ofGS (%) exports ofGS (%) GNI (%) GNI (%) 81. Kitts and Nevis 301 297 155 153 84 83 8t. Lucia 425 418 95 94 59 58 81. Vincent and the Grenadines 282 269 147 139 74 71 Sudan 18,455 17,971 368 358 90 88 Swaziland 532 582 24 26 22 24 Syrian Arab Republic 6,508 6,497 69 69 27 27 Tajikistan 1,022 770 71 53 54 41 Tanzania 7,763 2,494 295 95 69 11 Thailand 52,266 50,898 45 44 33 32 189 161 86 74 Tonga 84 64 190 144 44 34 Trinidad and Tobago 2,652 2,864 33 36 22 24 Tunisia 17,789 17,940 124 125 68 69 Turkey 171,059 177,626 188 195 57 59 Turkmenistan 24 23 16 16 Uganda 4,463 2,065 296 137 63 19 Ukraine 33,297 34,601 86 89 51 53 Uruguay 14,551 15,314 315 332 110 116 Uzbekistan 4,226 4,106 91 88 35 34 Vanuatu 82 62 50 38 27 21 Venezuela, R.B. de 44,201 52,248 100 118 41 48 Vietnam 19,287 17,070 64 56 43 38 Yemen, Rep. 5,363 3,775 79 56 46 32 Zambia 5,668 1,561 290 80 106 19 Zimbabwe 220 228 83 85 - Not available Notes: For definition of indicators, see About tbe data section. Numbers in italics include the effects of traditional relief and HIPC relief and are based on publicly guaranteed debt only. Under the Multilateral Debt Reliefinitiative (MDRI), IDA, IMF and the African Development Fund are currently finalizing arrangements to provide debt stock cancellation to post-completion point HIPCs on debt owed to the three institutions. The IMF and ADF are providing 100 percent stock cancellation on debts outstanding as of end-2004, while IDA will provide 100 percent stock cancellation on debts owed as of end-2003. The present value of debt for HIPCs provided in the GDF does not incorporate debt reduction under the MDRT and may include penalty charges. For post-completion point countries, pre-MDRI net present value is used since MDRT was introduced in 2006. PV for Mauritania accounts "passive debt" which had not been counted in the past as part of the government obligations. For interim period countries, only the conditional debt relief under HIPe is included. This has been done systematically for all countries. For pre-decision point countries, PV is based on available D8As, with the exception of Cote d'Ivoire, Somalia, Sudan, Togo, are from DRS since these countries are not receiving HIPe reliet: Exports comprise th(: total value of goods and services exported, receipts of compensations of employees and investment income and worker's remittances. In the ratios, the numerator refers to the 2005 data and the denominator is an average 0[2003 to 2005 data. For exports and GNI averages, staff estimates are used when necessary. XXXll Table 2: Composition of external debt Long-term Distribution oflong-term debt (%) Total debt Total debt I debt I total stock GNI (%) debt(%) Multilateral Bilateral Private 2000 2005 2000 2005 2000 2005 2000 2005 2000 2005 2000 2005 Albania 1,061 1,839 28 22 88 79 46 59 51 33 4 7 Algeria 25,272 16,879 49 17 92 97 18 15 57 60 25 25 Angola 9,408 11,755 126 41 86 80 4 4 30 30 67 66 Argentina 147,403 114,335 53 65 77 75 14 18 4 6 82 76 Armenia 916 47 38 76 75 70 58 25 8 6 34 Azerbaijan 1,352 1,881 27 17 64 81 38 42 38 42 25 16 Bangladesh 15,717 18,935 32 30 97 95 72 78 26 19 2 3 Barbados 548 660 22 22 100 100 49 42 16 II 35 48 Belarus 2.140 4,734 17 16 37 26 28 7 23 39 49 54 Belize 615 79 101 92 99 25 22 16 10 60 69 Benin 1,591 1,855 71 44 91 95 66 76 34 24 o o Bhutan 204 649 46 79 99 98 50 28 50 72 o o Bolivia 5,785 6,390 71 71 89 93 54 71 25 6 21 24 Bosnia and Herzegovina 5,564 53 79 39 16 45 Botswana 453 473 8 5 97 93 68 66 26 32 6 3 Brazil 243,669 187,994 42 24 87 87 9 12 5 4 86 84 Bulgaria 11,212 16,786 91 62 75 71 18 21 13 5 69 75 Burkina Faso 1,424 2,045 55 40 86 94 84 89 16 11 o o Bunmdi 1,108 1,322 153 169 94 93 86 86 14 13 o o Cambodia 74 59 89 90 16 34 84 66 o o Cameroon 9,364 7.151 99 44 85 85 18 26 75 63 7 11 Cape Verde 327 546 63 57 96 88 73 78 25 18 2 5 Central African Republic 858 1,016 92 74 93 86 73 71 23 25 4 3 Chad 1,138 1,633 83 37 91 94 83 88 15 10 I 2 Chile 52 43 83 85 5 2 2 94 97 China 145,729 281,612 12 13 91 47 19 20 19 19 62 61 Colombia 33,930 37,656 42 32 92 84 20 31 5 3 75 67 Comoros 238 289 117 75 87 90 80 80 20 20 o o Congo, Dem, Rep. 11,692 lO,600 298 156 67 89 27 32 66 64 6 4 214 151 77 87 15 23 65 36 20 41 Costa Rica 4,456 6,223 30 32 79 66 37 28 18 6 45 65 Cote d'Ivoire 12,138 10,735 125 69 87 92 28 32 35 36 37 33 Croatia 12,438 30,169 69 81 91 86 5 6 8 3 87 92 Czech Republic 262 424 46 55 91 92 58 71 42 27 o 167 252 70 97 89 92 56 53 22 17 21 30 Dominica 4,541 7,398 24 27 73 82 34 30 43 16 23 54 Dominican Republic 13,717 17,129 94 50 93 90 28 24 21 14 51 62 Ecuador 29,187 34,114 29 38 86 82 16 14 80 70 4 17 Egypt, Arab Rep. 4,528 7,088 35 43 64 78 65 42 20 9 15 49 EI Salvador 248 266 55 80 84 47 49 47 44 6 7 Equatorial Guinea 311 736 49 76 96 98 51 71 49 25 o 5 Eritrea 2,569 11,255 49 91 63 64 7 2 o 91 99 Estonia 5,483 6,259 70 56 97 94 51 80 46 14 2 6 Ethiopia 133 231 8 9 88 52 75 76 9 20 16 4 92 54 88 92 13 11 83 82 3 6 Gabon 483 672 121 151 91 93 78 82 21 18 o o Gambia, The 1.638 1,911 52 29 80 85 36 50 60 41 3 8 Georgia 6,116 6,739 127 64 86 85 70 88 20 6 10 5 Ghana 201 405 54 89 96 35 32 30 12 35 56 Grenada 20 17 70 71 55 53 24 12 22 35 Guatemala 3,388 3,247 112 100 87 90 55 60 44 39 I Guinea 804 693 396 240 89 97 55 67 45 33 o o Guinea-Bissau 1,364 1,196 207 162 83 86 53 83 43 16 4 1 Guyana 1,173 1,323 31 31 89 96 87 84 13 16 o o Haiti 92 66 89 89 57 69 29 19 14 12 XXXlll Table 2: Composition of external debt russ millions) Long-term Distribution oflong-term debt (%) Total debt Total debt / debt / total stock GNI (%) debt (%) Multilateral Bilateral Private 2000 2005 2000 2005 2000 2005 2000 2005 2000 2005 2000 2005 Honduras 29.520 66,119 66 65 86 81 6 4 2 o 92 95 Hungary 99,099 123,123 22 15 97 93 32 28 21 16 47 55 India 144,159 138,300 94 50 77 77 18 17 31 38 51 44 Indonesia 7,978 21,260 8 11 62 50 10 4 22 14 67 83 61 73 82 91 32 22 32 14 37 64 Jamaica 7,355 7,696 86 59 84 89 28 28 56 66 16 6 Jordan 12,433 43,354 72 84 92 82 13 2 7 3 80 95 Kazakhstan 6,145 6,169 49 33 85 89 54 58 33 35 13 7 Kenya 1,827 2,032 142 86 83 90 48 60 31 31 22 9 151 103 98 99 42 57 58 17 o 26 LaoPDR 4,855 14,283 62 91 41 48 27 5 2 o 70 95 Latvia 9,857 22,373 57 104 74 85 8 4 4 4 87 91 Lebanon 672 690 62 39 98 94 72 80 16 11 12 8 Lesotho 2,032 2,581 523 591 51 43 38 39 43 43 19 18 Liberia 42 44 72 52 13 5 7 3 81 92 Lithuania 1,455 2,243 41 39 91 93 43 43 26 14 31 43 Macedonia, FYR 4,691 3,465 123 70 91 92 43 89 56 11 o Madagascar 2,705 3,155 158 156 94 96 80 84 19 15 1 Malawi 41,874 50,981 51 41 89 76 4 2 10 14 87 83 206 368 35 50 90 83 65 57 19 13 16 29 2,980 2,969 125 59 90 96 57 79 43 21 o o 2,378 2,281 218 119 85 90 49 69 50 30 Mauritania 1,720 2,160 39 34 55 37 23 31 29 32 47 36 Mauritius 150,313 167,228 27 22 87 96 13 10 3 84 88 Mexico 1,693 2,053 129 63 62 60 39 33 32 21 29 46 Moldova 896 1,327 95 72 93 95 55 62 44 38 o o Mongolia 20,713 16,846 64 33 92 96 32 36 35 30 33 34 Morocco 7,257 5,121 205 82 89 86 17 53 56 31 27 16 Mozambique 5,928 6.645 88 78 22 24 59 61 19 16 Myanmar 2,846 3.285 52 44 99 98 88 85 12 15 o o Nepal 6,853 5,144 184 107 84 86 37 63 52 23 11 14 Nicaragua 1,677 1,972 94 58 91 91 67 87 29 11 4 2 Niger 31,355 22,178 78 26 96 92 II 13 77 76 12 11 Nigeria 6,564 3,472 34 80 52 10 25 9 21 81 53 Oman 46 31 91 92 45 51 39 40 16 9 Pakistan 7,041 9,765 64 68 92 95 16 12 4 2 80 86 Panama 2,592 1,849 77 97 89 34 51 23 23 43 27 Papua New Guinea 3,089 3,120 44 43 81 84 45 46 19 23 36 31 Paraguay 28,661 28,653 55 39 84 89 23 31 37 22 40 47 Peru 73 57 87 89 14 12 25 22 61 66 Philippines 64,834 98,821 38 34 85 82 4 2 39 9 57 88 Poland 11,167 38,694 30 40 89 81 34 18 8 2 58 80 Romania 160,023 229,042 63 31 83 89 5 3 48 14 47 83 Russian Federation 1,273 1,518 71 71 90 93 87 96 13 4 o o Rwanda 197 656 85 172 75 27 94 93 6 7 o o Samoa 322 336 743 496 93 97 56 60 44 40 o o Sao Tome and Principe 3,590 3,793 84 47 89 95 60 78 39 17 1 4 Senegal 11,499 16,295 134 63 59 81 21 30 41 23 38 48 Serbia and Montenegro 304 675 52 103 72 60 26 18 46 39 28 43 199 145 82 84 57 62 42 38 1 o Sierra Leone 61 53 80 36 7 10 5 2 88 88 Slovak Republic 155 170 52 57 98 91 66 69 11 26 23 5 Solomon lsland~ 2,562 2,750 71 68 39 40 59 58 2 2 Somalia 24,861 30,632 19 13 62 68 2 o o 99 98 South Africa 9,157 11,444 60 49 91 88 41 45 42 47 17 8 XXXIV Table 2: Composition of external debt (US$ millions) Long-term Distribution oflong-term debt (%) Total debt Total debt / debt / total stock Gl'iI (%) debt (%) Multilateral Bilateral Private 2000 2005 2000 2005 2000 2005 2000 2005 2000 2005 2000 2005 Sri Lanka 157 301 52 77 98 99 35 33 32 21 33 45 St. Kitts and Nevis 235 425 37 55 71 59 59 56 13 8 28 35 St. Lucia 196 282 62 71 84 88 41 34 23 12 35 54 St. Vincent and the Grenadines 16,411 18,455 157 72 67 63 18 22 61 55 21 23 Sudan 289 532 20 19 99 85 52 62 41 24 7 15 Swaziland 21,657 6,508 123 26 74 87 4 7 90 75 7 19 Syrian Arab Republic 1,034 1,022 110 46 82 79 22 64 61 32 17 5 Tajikistan 6,931 7,763 77 64 83 80 57 77 39 21 4 2 Tanzania 79,710 52,266 66 30 77 69 9 2 25 20 66 78 Thailand 1,430 1,708 1I0 79 86 86 62 61 38 39 o 0 Togo 66 84 44 99 99 83 83 17 17 o 0 Tonga 2,546 2,652 34 19 67 49 37 43 o 0 62 56 Trinidad and Tobago 11,307 17,789 61 65 86 83 36 38 27 19 37 43 Tunisia 117,108 171,059 58 47 72 69 7 6 9 4 84 89 Turkey 2,549 1,092 95 15 91 87 2 4 35 64 63 31 Uganda 3,498 4,463 60 52 87 95 86 93 13 6 1 Ukraine 12,190 33,297 40 41 79 60 25 14 27 12 48 74 Uruguay 8,113 14,551 40 90 75 57 32 37 5 63 61 Uzbekistan 4,634 4,226 34 30 91 99 1l 19 39 40 50 41 Vanuatu 74 82 32 25 98 88 88 94 12 6 o o Venezuela, R.B. 41,953 44,201 36 32 80 77 9 8 8 I 82 91 Vietnam 12,825 19,287 42 38 90 86 16 31 59 56 25 13 Yemen, Rep. 5,075 5,363 57 40 80 88 41 47 57 52 2 I Zambia 5,722 5,668 186 83 79 86 53 64 45 12 2 24 Zimbabwe 3,827 4,257 54 132 78 76 45 46 36 40 18 14 East Asia & Pacific 497,774 621,223 30 21 84 64 16 16 25 27 59 57 Europe & Central Asia 489,776 834,484 55 41 80 77 9 7 28 9 63 84 Latin America & Caribbean 762,473 727,628 40 31 84 85 15 17 7 5 78 78 Middle East & North Africa 145,226 152,724 39 28 83 81 19 19 53 41 27 39 South Asia 160,01l 191,479 27 19 95 93 40 39 26 22 34 38 Sub-Saharan Africa 211,213 214,841 66 37 82 82 32 41 47 34 22 24 Low income 346,701 379,239 43 28 90 89 38 44 39 31 23 25 Middle income 1,919,770 2,363,139 39 29 83 77 14 13 21 13 66 74 xxxv Table 3: Net flows from multilateral institutions, 2005 (US $ millions) Public and publicly guaranteed Regional World Bank IMr;' development banks Others IFC Total lBRD IDA concessional non-concessional concessional non-concessional Albania 123.2 0.0 29.6 2.7 0.0 0.0 11.5 55.7 23.8 Algeria -1,441.1 -125.3 0.0 0.0 -611.6 0.0 -211.6 -493.3 0.6 Angola 25.9 0.0 25.3 0.0 0.0 0.4 -1.6 1.8 0.0 Argentina -3,956.0 -566.4 0.0 0.0 -3,571.2 0.0 60.9 0.0 120.7 Armenia -4.4 -0.6 31.4 -22.6 -2.1 0.0 -7.9 -3.5 1.0 Azerbaijan 26.6 0.0 45.6 -5.2 -23.9 0.5 -11.8 32.2 -10.9 Bangladesh 650.7 0.0 394.5 97.4 0.0 57.3 86.1 -13.8 29.3 Barbados -14.9 -0.4 0.0 0.0 0.0 -1.5 -6.8 -6.2 0.0 Belarus -19.0 -8.9 0.0 0.0 -8.6 0.0 -10.9 -13.2 22.7 Belize -4.2 -3.6 0.0 0.0 0.0 0.0 0.4 -1.0 0.0 ~--~------- ~--~----------- ----------------- Benin 57.3 0.0 42.8 -6.2 0.0 34.0 -0.3 -13.0 0.0 Bhutan 20.3 0.0 7.7 0.0 0.0 11.4 0.0 0.8 0.4 Bolivia 187.8 0.0 62.2 -22.5 -3.5 98.1 -60.8 76.5 37.9 Bosnia and Herzegovina 83.7 -23.6 55.6 0.0 -39.4 0.0 -3.8 82.0 12.9 Botswana -1.4 -1.1 -0.5 0.0 0.0 -1.8 17.6 -13.8 -1.7 --~~-----------~~~- ------------ Brazil -23,329.5 -255.4 0.0 0.0 -23,809.8 0.0 722.8 87.7 -74.7 Bulgaria -34Q.4 114.8 0.0 0.0 -443.4 0.0 1.0 -80.6 67.8 Burkina Faso 186.1 0.0 102.0 11.5 0.0 55.6 0.0 15.7 1.2 Burundi 41.0 0.0 18.9 21.1 0.0 5.9 -2.7 -2.2 0.0 Cambodia 245.7 0.0 33.7 -8.7 0.0 82.2 0.0 8.6 129.9 ------------ ----------------- - - _.._---------_. Cameroon -138.5 -31.5 19.0 -34.7 0.0 20.4 -17.6 -14.8 -79.2 Cape Verde 48.5 0.0 25.8 3.7 0.0 5.6 0.0 6.8 6.6 Central African Republic -5.3 0.0 0.0 -4.9 0.0 0.0 0.0 -0.4 0.0 Chad 77.3 -1.8 59.6 -7.2 0.0 19.6 0.0 9.7 -2.6 Chile -175.6 -151.2 -0.7 0.0 0.0 -1.4 -29.8 0.0 7.5 --------------------------------------------- China 1,050.4 273.7 -146.7 0.0 0.0 0.0 688.3 -0.3 235.4 Colombia -692.8 486.9 -0.7 0.0 0.0 -20.7 -1,145.9 75.7 -88.1 Comoros 0.1 0.0 0.6 0.0 0.0 -0.2 0.0 -0.3 0.0 Congo, Dem. Rep. 269.2 0.0 225.9 39.4 0.0 22.5 0.0 -10.9 -7.7 6.4 0.0 29.7 7.5 -7.8 9.9 -30.5 -2.3 0.0 Costa Rica -168.6 -12.1 -0.2 0.0 0.0 -11.2 -156.0 -25.5 36.3 Cote d'l voire -109.9 0.0 0.0 -91.1 0.0 0.1 -0.3 -14.5 -4.0 Croatia 119.0 11.0 0.0 0.0 0.0 0.0 51.9 42.4 13.7 Djibouti 20.1 0.0 3.4 -0.8 0.0 0.6 0.0 17.0 0.0 Dominica -0.5 -0.2 0.2 3.5 -0.4 0.0 0.0 -3.7 0.0 Dominican Republic 340.0 26.4 -0.7 0.0 219.9 -21.0 86.1 0.1 29.2 Ecuador -280.0 -35.2 -1.1 0.0 -195.0 -26.6 -80.4 54.5 4.0 Egypt, Arab Rep. 75.1 19.8 27.8 0.0 0.0 -0.4 -91.4 125.5 -6.1 EI Salvador 138.2 88.4 -0.8 0.0 0.0 -23.1 16.7 28.4 28.7 F'Ollatclrial Guinea -0.9 0.0 -1.1 0.0 0.0 0.6 0.0 -0.4 0.0 Eritrea 63.5 0.0 56.7 0.0 0.0 12.3 0.0 -5.5 0.0 Estonia -60.4 -5.1 0.0 0.0 0.0 0.0 0.0 -48.8 -6.6 Ethiopia 310.3 0.0 161.8 -4.0 0.0 127.0 -7.6 33.1 0.0 Fiji 7.9 -2.3 0.0 0.0 0.0 0.0 10.9 -0.7 0.0 Gabon -52.2 -7.0 0.0 0.0 -24.7 -0.2 -35.5 17.4 -2.3 Gambia, The 41.7 0.0 15.6 -2.0 0.0 7.2 0.0 21.0 0.0 Georgia 82.5 0.0 52.1 -9.5 -3.4 0.0 -2.3 47.2 -1.6 Ghana 387.9 -2.2 290.8 7.4 0.0 57.7 -3.4 19.7 17.9 Grenada 19.1 2.3 3.3 0.0 0.0 0.0 0.0 13.5 0.0 Guatemala -7._5~__~1_.4~__~_0_.0_ _ _ 0.0 _______ _____ 0_.0 -1_7_.6__ -7.0 8._9 _ _ _ ______6_.8_ Guinea -32.3 0.0 22.1 -25.7 0.0 4.3 -7.4 -24.5 -1.1 Guinea-Bissau 13.7 0.0 10.6 -2.9 -0.3 3.5 0.0 2.7 0.0 Guyana 79.4 0.0 0.6 19.6 0.0 46.1 -3.0 16.6 -0.5 Haiti 57.7 0.0 -5.1 -4.5 15.3 53.6 0.0 -1.6 0.0 Honduras 129.0 -69.7 142.9 -0.4 0.0 52.1 -21.1 31.4 -6.3 XXXVI Table 3: Net flows from multilateral institutions, 2005 (US $ millions) Public and publicly guaranteed Regional World Bank IMF development banks Others IFe Total IBRD IDA concessional non-concessional concessional non-concessional Hungary -242.1 -39.5 0.0 0.0 0.0 0,0 -6.7 -195,8 0,0 India 1,707.2 715.8 571.9 0.0 0.0 0.0 419.5 -12.8 12,7 Indonesia -1,393.6 -805.2 40.1 0.0 -1,144.7 48.2 465.4 -38.3 40.8 Iran, Islamic Rep. 103.1 102.1 0.0 0.0 0.0 0.0 0.0 1.0 0.0 Jamaica -75.3 -22.0 0.0 0.0 -0.9 -5.3 -35.0 11.0 -23.2 Jordan -108.1 -25.0 -2.6 0.0 -77.1 0.0 0.0 19.3 -22.8 Kazakhstan -851.9 -621.0 0.0 0.0 0.0 0.1 -181.3 -48,6 -1.2 Kenya 47.7 -1.1 -20.1 66.5 0.0 19.0 -5.7 -14.8 3.9 Kyrgyz Republic 57.4 0.0 29.5 -13.0 0.0 29,6 -S.8 17.7 2.4 LaoPDR 87.6 0.0 26.1 -6.1 0.0 57.4 11.1 -2.7 1.8 Latvia -87.5 -61.8 0.0 0.0 0.0 0.0 -5.9 -6.6 -13.3 Lebanon -23.5 -6.2 0,0 0.0 0.0 0.0 0.0 -8.3 -9.0 Lesotho -2.3 -3.5 8.1 0.0 0.0 -2.1 -1.7 -3.1 0.0 Liberia -0.8 0,0 0.0 0.0 -a,) 0.0 0,0 0.0 -0.7 Lithuania -124.9 -97.4 0.0 0,0 -24.8 0,0 -2.6 0.8 -0.8 Macedonia, FYR 65.1 43.2 5.6 -8.1 12.8 0.0 6.4 8,1 -3.0 Madagascar 231.9 0.0 209.2 6.5 0.0 18.4 0.0 -2.0 -0.2 Malawi 51.6 -0.2 32.6 -3.3 -3.2 25.9 -1.9 1.7 0.0 Malaysia -118.6 -92.3 0.0 0.0 0.0 0.0 -39.4 13.2 0.0 Maldives 63.2 0.0 3.6 0.0 6.1 4.2 0.0 4.3 45.0 Mali 160.6 0.0 102.0 -14.8 0.0 53.0 0.0 21.3 -1.0 Mauritania 85.4 0.0 40.1 -9.6 0.0 7.1 -1.4 39.3 9.8 Mauritius -0.8 -6.3 -0.6 0.0 0,0 -0,1 -8.2 14.5 0,0 Mexico -106.9 -381.8 0.0 0.0 0,0 0,0 346.4 0.0 -71.4 Moldova -49.6 -13.4 23.6 0.0 -21.5 0,0 -13.5 -17.3 -7.4 Mongolia 36.8 0.0 12.1 -5.9 0,0 26.3 0.0 4.4 0.0 Morocco 438.8 -46.3 -1.4 0.0 0.0 0.9 292.8 196.8 -4,0 Mozambique 325.7 0.0 221.6 -10.5 0.0 76.6 12,7 31.9 -6,6 Myanmar -1.9 0.0 0.0 0.0 0,0 0.0 0,0 -1.9 0.0 21.4 0,0 2.5 0.0 0.0 17,6 0,0 5,1 -3.8 Nicaragua 183.1 0,0 63.1 -8,9 0.0 120.9 -8.0 ]7,7 -1.8 Niger 130.6 0.0 64.6 12.1 0.0 14.7 -2.5 41.7 0.0 Nigeria -27.1 -223.6 245.9 0.0 0,0 9.1 -82.7 0.0 24.1 Oman -129.0 0.0 0,0 0.0 0,0 0.0 0.0 -182.8 53.8 Pakistan 495.1 -94.4 513.0 -76.8 -160.5 158.0 187.5 -10.8 -21.0 Panama -51.8 -30.5 0.0 0,0 -9.8 -8,9 12.8 -8.4 -7,0 Papua New Guinea -68.1 -2.9 -3.6 0,0 -61.1 -1.3 3,5 -2.6 0,0 Paraguay -19,2 -8.2 -1.5 0.0 0.0 -15.2 3,6 -2.9 5,0 Peru 139.1 -17.3 0.0 0.0 -39.5 -9.5 268.3 -1.0 -61.8 -550.7 -246.6 -6.8 0.0 -317.4 -18.4 5.0 -4.3 37.8 Poland 2.7 78.9 0.0 0.0 0,0 0.0 0.0 -73.8 -2.4 Romania 536.0 76.6 0.0 0,0 -151.9 18,8 -43.9 467,7 168,6 Russian Federation -3,464.1 -528.3 0.0 0.0 -3,388.7 0.0 86.9 108,0 258,0 Rwanda 76.5 0.0 46.7 -2.0 0,0 35.1 0,0 -3.2 0.0 Samoa 6.3 0.0 6.7 0.0 0,0 0,6 0,0 -1.0 0.0 Sao Tome and Principe 3,9 0.0 2.5 0.5 0,0 1.3 0.0 -0.4 0.0 Senegal 189.7 0.0 170.5 -28.4 0.0 19.6 -0.2 31.4 -3.3 Serbia and Montenegro 246.1 -19.6 88.4 0,0 -21.7 0,0 49.8 180.2 -31.1 Seychelles 2.4 -0.7 0.0 0,0 0.0 0.0 0.0 3,7 -0.5 Sierra Leone 66.6 0.0 18.6 18.2 0.0 19.0 0.0 11.9 -1.1 Slovak Republic -183.0 -55.5 0.0 0.0 0.0 0.0 -1.6 -126.0 0.0 Solomon Islands 3.3 0.0 0,1 0,0 0.0 1.6 0.0 1.7 0,0 Somalia 0.0 0.0 0,0 0,0 0.0 0.0 0.0 0.0 0,0 South Africa 42.0 8.3 0.0 0.0 0.0 0,0 52.2 0,0 -18,5 Sri Lanka 385.0 -1.0 73.6 0.0 114,5 129,1 37,1 24,9 6.8 XXXVIl Table 3: Net flows from multilateral institutions, 2005 (US $ millions) Public and publicly guaranteed Regional World Bank IMF development banks Others IFC Total IBRD IDA concessional non-concessional concessional DOD-coDcessional St. Kitts and Nevis 3.0 -0.2 0.0 0.0 0.0 0.0 0.0 3.2 0.0 St. Lucia 0.4 0.1 3.2 0.0 0.0 0.0 0.0 -2.9 0.0 St. Vincent and the Grenadines 6.4 0.0 3.0 0.0 0.0 0.0 0.0 3.4 0.0 Sudan 68.6 0.0 -1.3 0.0 -28.3 0.0 -2.2 100.4 0.0 Swaziland 62.4 0.0 -0.3 0.0 0.0 -1.0 22.3 42.4 -1.1 --------~~~------------~~~-------------~~~----------~- ~~~~~- Syrian Arab Republic -42.3 0.0 -1.5 0.0 0.0 0.0 0.0 -40.8 0.0 Tajikistan 84.6 0.0 34.8 15.1 0.0 26.1 0.5 3.1 5.0 Tanzania 364.5 0.0 260.5 -38.1 0.0 122.8 0.0 17.2 2.2 Thailand -503.4 -97.5 -3.4 0.0 0.0 -2.4 -368.3 -12.7 -19.1 -4.4 0.0 0.0 -11.2 0.0 0.0 -1.4 9.2 -0.9 Tonga 2.6 0.0 4.5 0.0 0.0 -0.9 0.0 -1.0 0.0 Trinidad and Tobago -31.2 -13.0 0.0 0.0 0.0 -OJ -9.6 -7.5 -1.1 Tunisia 184.9 -54.5 -2.1 0.0 0.0 0.0 -8.5 250.0 0.0 Turkey -5,384.4 -294.0 -5.9 0.0 -5,319.9 0.0 0.0 286.9 -51.4 Turkmenistan -12.9 -1.8 0.0 0.0 0.0 0.0 -0.1 -11.0 0.0 Uganda 166.0 0.0 1l1.7 -30.2 0.0 63.7 -1.6 17.8 4.5 Ukraine 230.0 316.0 0.0 0.0 -299.6 0.0 22.0 145.3 46.3 Uruguay -121.8 30.3 0.0 0.0 -171.7 -2.4 25.4 -0.1 -3.3 Uzbekistan 58.5 4.3 7.1 0.0 -18.4 0.0 64.3 0.2 1.1 Vanuatu -0.7 0.0 -0.3 0.0 0.0 -0.4 0.0 0.0 0.0 Venezuela, R.B. -448.4 -92.9 0.0 0.0 0.0 0.0 -182.3 -75.5 -97.6 Vietnam 533.5 0.0 377.7 -53.5 0.0 217.6 -2.2 -2.5 -3.5 Yemen, Rep. 101.5 0.0 102.2 -44.3 -11.4 0.0 0.0 56.2 -1.2 Zambia 23.3 0.0 75.8 -62.8 0.0 17.8 -9.2 4.9 -3.2 Zimbabwe -168.5 -1.7 0.0 0.0 -164.7 0.0 0.0 3.4 -5.5 Alldc\clopJl1gcolllllncs -~2.3664 -29106 5.3916 -3475 -39.1113.6 1.9546 1.155~ 1.4376 7659 East Asia & Pacific -662.7 -973.1 340.1 -74.2 -1,523.2 410.5 774.3 -40.1 423.1 Europe & Central Asia -9,109.2 -1,125.8 397.4 -40.5 -9,754.7 75.2 -6.6 852.3 493.6 Latin America & Caribbean -28,200.7 -1,024.1 267.6 -13.1 -27,566.7 206.3 -202.5 292.5 -160.7 Middle East & North Africa -820.5 -135.5 125.8 -45.1 -700.1 1.1 -18.7 -59.3 11.3 South Asia 3,342.8 620.4 1,566.8 20.6 -39.9 377.5 730.1 -2.3 69.5 Sub-Saharan Africa 3,084.0 -272.6 2,693.9 -195.1 -229.0 884.1 -120.9 394.5 -70.9 --~~~- Low income 7,183.8 392.1 4,692.4 -271.9 -432.7 1,589.8 643.7 391.4 179.0 Middle income 699.2 -75.6 364.9 512.0 586.9 Note: Loans from major regional developments banks, the IMF, and the World Bank are classified as concessional according to each institutions's classification. Otherwise, concessionality of flows is as defined by DAC. IFC data are for loans to the private sector without government guarantees. Data include only debt flows. XXXVlll Regional and incoll1e group aggregate tables 1 ALL DEVELOPING COUNTRIES (US$ million. unless otherwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 1,330,061 1,953,940 2.266,471 2,366,651 2,587,927 2,766,754 2.742,378 2,851,253 Long-term debt (LDOD) 1,094,694 1,553,355 1,896,598 1,933,507 2,062,178 2,177,971 2,147,179 2,215,516 Public and publicly guaranteed 1,034,699 1,335,302 1,356,644 1,389,415 1,468,901 1,513,473 L361,634 1,304,639 Private nonguaranteed 59.996 218,053 539,954 544,092 593,277 664,498 785,545 910,876 Use of IMF credit 34,652 61,101 58,448 95,809 106,865 96,044 49,179 21,931 Short-term debt 200,715 339,484 311,425 337,335 418,884 492,739 546,020 613,806 of which interest arrears on LDOD 52,701 44,100 31,426 35,652 46,185 51,633 37,218 Official creditors 19,636 26,057 21,470 18,545 20,450 21,777 15,629 Pri vate creditors 33,065 18,043 9,957 17,\08 25,735 29,856 21,589 .Memorandum items Principal arrears on LDOD 59,690 106,094 62,868 63,859 81,853 91,716 67,526 Official creditors 27,252 59,805 46,459 40,790 43,451 42,991 32,442 Private creditors 32,439 46,289 16,409 23,069 38,401 48,726 35,084 TOTAL DEBT FLOWS Disbursements 125,778 220,108 260,503 286,505 336,362 397,790 464,300 497,012 Long-term debt 117,537 192.194 250,389 252.078 306,741 390.843 460.339 492,665 IMF purchases 8,242 27,914 10,114 34.428 29,621 6,946 3,961 4,348 Principal repayments 83,445 129,900 253,022 275,670 313,456 337,973 398,720 416,642 Long-term debt 75,270 118,809 232,256 255,257 286,213 316.336 354,598 387.171 IMF repurchases 8,175 11.091 20,766 20.413 27,243 21,638 44,122 29,467 Net flows on debt 56,131 147,521 1,208 11,294 77,644 128,223 133,275 152,194 of which short-term debt 13,797 57,313 -6,273 459 55,028 68,407 67.695 71,957 Interest payments (INT) 63,460 90,177 119,353 95,585 102,571 103,358 115,111 123,442 Long-tenn debt 51.166 72,018 99,522 83,025 88,116 84,977 93.816 103,597 IMFcharges 2,500 2,791 2.881 2,971 2,424 3,463 3,277 1,065 Short-term debt 9,793 15,369 16,950 9,588 12,031 14,919 18,017 18,781 Net transfers on debt -7,329 57,344 -118,146 -84,291 -24,925 24,866 18,164 28,336 Total debt service paid (TDS) 146.904 220,077 372,376 371,254 416,027 441,331 513,831 540,084 Long-term debt 126,436 190,827 331,778 338,282 374,329 401,312 448,414 490,772 IMF repurchases and charges 10,675 13.882 23,647 23,383 29,667 25,100 47,399 30,531 Short-term debt (interest only) 9.793 15,369 16,950 9,588 12,031 14,919 18,017 18,781 NET RESOURCE FLOWS 92,987 223,262 226,699 192,037 248,312 382,252 505,250 566,695 Net flow oflong-term debt (ex. IMF) 42.267 73,385 18,133 -3,179 20,528 74,508 105,741 105,489 Foreign direct investment (net) 24,580 104,513 166,505 157,065 159,973 217,840 280,795 316,401 Portfolio equity flows 3,390 13,821 13,447 5.785 24,310 39,852 66,680 94,100 Grants (excluding technical coop.) 27.727 31,543 28,613 32,367 43,502 50,052 52,034 50,704 Memo: technical coop. grants 13,789 19,336 14,687 18.207 20,081 20,401 19,285 19,933 NET TRANSFERS 28,385 112,616 51,472 31,959 58,894 169,423 242,411 287,198 Interest on long-term debt 51,166 72,018 99.522 83,025 88,116 84,977 93,816 103,597 Profit remittances on FDI 16,864 38,628 75,705 77,052 101,303 127,852 169,023 175.900 Gross national income (GND 3,677,063 4,956,212 5,771,632 6,043,744 6,839,191 8,067,613 9.544,952 Exports of goods, servo & inc. (XGS) 731,627 1,269,484 1,847,442 1,981,647 2,389,349 3,032,760 3,725,233 Worker remit. & compo of employees 31,037 56,957 83,782 1l6,233 143,775 163,673 189,526 Imports of goods & services (MGS) 764,377 1,382,657 1.839,751 1.929,174 2,300,991 2,883,202 3,395,242 International reserves (RES) 185,710 474,810 693,894 949,794 1,250,005 1,655,218 2,054,353 Cunent account balance -12,341 -90,209 29,605 60,401 96,231 128,110 252,279 EDT/XGS (%) 181.8 153.9 122.7 119.4 108.3 91.2 73.6 EDT I GNI (%) 36.2 39.4 39.3 39.2 37.8 34.3 28.7 TDS/XGS (%) 20.1 17.3 20.2 18.7 17.4 14.6 13.8 INT IXGS (%) 8.7 7.1 6.5 4.8 4.3 3.4 3.1 INT I GNI(%) 1.7 1.8 2.1 1.6 1.5 1.3 1.2 RES/EDT(%) 14.0 24.3 30.6 40.1 48.3 59.8 74.9 RES I MGS (months) 2.9 4.1 4.5 5.9 6.5 6.9 7.3 Short-term I EDT (%) 15.1 17.4 13.7 14.3 16.2 17.8 19.9 21.5 Concessional I EDT (%) 20.7 19.5 16.8 17.1 17.7 17.3 15,5 13.7 Multilateral I EDT (%) 15.3 14.6 14.7 15.1 14.7 14.2 13.9 12.2 2 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 2005 2006 S~ W)f&-mRMDHT.. DEBT OUTSTANDING (LDOD) 1,094,694 1,553,355 1,896,598 1,933,507 2,062,178 2,177,971 2,147,179 2,215,516 Public and publicly guaranteed 1,034,699 1,335,302 1,356,644 1,389,415 1,468,901 1,513,473 1,361,634 1,304,639 Official creditors 550,748 804,532 780,214 778,047 818,008 830,873 725,590 634,706 Multilateral 203,196 286,223 332,635 357,694 380,797 393,456 380,487 347,064 Concessional 68,489 106,652 129,294 147,792 167,192 182,341 179,174 152,027 Bilateral 347,551 518,309 447,579 420,353 437,211 437,417 345,104 287,642 Concessional 206,895 274,521 250,920 257,782 289,952 296,786 245,974 239,398 Private creditors 483,951 530,770 576,430 611,368 650,893 682,601 636,044 669,933 Bonds 104,228 245,210 373,105 397,515 436,718 467,926 428,857 447,951 Commercial banks 246,776 153,170 132,485 153,556 157,319 163,144 162,688 181,873 Private nonguaranteed 59,996 218,053 539,954 544,092 593,277 664,498 785,545 910,876 Bonds 347 51,018 93,483 94,916 127,522 135,083 167,654 201,950 Commercial banks and other 59,649 167,035 446,471 449,176 465,755 529,414 617,890 708,926 Memo: IDRD 92,314 111,257 111,885 111,117 109,080 106,085 100,127 94,634 IDA 45,005 71,549 86,843 100,613 113,973 124,347 121,466 96,667 Public sector LDOD 1,028,923 1,329,297 1,349,400 1,382,881 1,462,158 1,506,038 1,355,058 Private sector LDOD 65,771 224,059 547,198 550,626 600,020 671,933 792,122 DISBURSEMENTS 117,537 192,194 250,389 252,078 306,741 390,843 460,339 492,665 Public and publicly guaranteed 100,265 134,838 141,625 119,297 136,663 151,435 148,261 160,776 Official creditors 49,389 66,233 53,830 46,003 49,964 47,309 46,813 47,270 Multilateral 27,312 32,193 35,067 32,035 37,831 34,058 34,906 31,033 Concessional 6,824 8,839 8,240 9,907 10,739 12,057 12,676 10,558 Bilateral 22,076 34,039 18,763 13,968 12,134 13,251 11,907 16,237 Concessional 13,343 14,339 13,332 9,006 9,707 10,670 9,791 14,873 Private creditors 50,876 68,606 87,795 73,294 86,699 104,126 101,448 113,507 Bonds 5,176 25,428 59,191 39,927 51,138 65,152 64,391 70,072 Commercial banks 15,721 23,113 19,913 28,522 28,935 34,428 33,083 40,412 Private nonguaranteed 17,271 57,356 108,764 132,781 170,077 239,408 312,078 331,888 Bonds 291 14,063 11,757 11,331 22,483 36,767 54,368 52,411 Commercial banks and other 16,980 43,293 97,007 121,450 147,594 202,641 257,709 279,478 Memo: IDRD 13,438 13,037 13,430 10,288 11,521 10,467 9,624 10,455 IDA 4,345 5,476 5,219 6,768 6,528 7,699 7,025 5,817 PRINCIPAL REPA YMENTS 75,270 118,809 232,256 255,257 286,213 316,336 354,598 387,171 Public and publicly guaranteed 67,987 90,980 120,835 123,059 144,701 137,298 156,347 182,045 Official creditors 22,999 44,024 49,066 54,975 64,195 59,229 77,315 97,785 Multilateral 11,891 20,685 23,175 30,779 36,271 31,214 27,391 34,760 Concessional 898 1,566 2,458 2,495 2,852 3,293 3,341 3,690 Bilateral 11,107 23,339 25,891 24,197 27,924 28,015 49,924 63,025 Concessional 4,820 8,848 12,543 10,653 13,446 14,243 19,067 17,832 Private creditors 44,989 46,956 71,770 68,083 80,505 78,070 79,032 84,259 Bonds 4,386 12,077 34,997 28,224 38,571 37,664 46,086 53,960 Commercial banks 22,671 17,001 24,401 28,140 30,870 31,907 24,077 21,778 Private nonguaranteed 7,282 27,829 111,421 132,198 141,512 179,037 198,251 205,131 Bonds 0 4,042 15,060 12,636 10,319 24,431 17,563 19,260 Commercial banks and other 7,282 23,787 96,361 119,562 131,194 154,607 180,688 185,870 Memo: IDRD 7,939 11,673 9,784 15,981 17,493 15,240 12,535 16,991 IDA 248 542 949 1,243 1,322 1,546 1,634 1,677 INTEREST PAYMENTS (LINT) 51,166 72,018 99,522 83,025 88,116 84,977 93,816 103,597 Public and publicly guaranteed 46,591 60,628 66,721 57,110 60,462 57,932 64,672 65,789 Official creditors 18,335 29,105 26,993 24,033 23,705 22,096 24,208 22,374 Multilateral 10,486 13,662 15,574 13,626 12,163 11,011 10,848 10,284 Concessional 621 1,012 1,212 1,340 1,408 1,706 1,775 1,622 Bilateral 7,848 15,443 11,419 10,407 11,542 11,085 13,360 12,090 Concessional 3,323 6,133 5,240 4,801 5,754 5,932 7,220 6,138 Private creditors 28,256 31,524 39,728 33,077 36,757 35,836 40,464 43,415 Bonds 4,374 16,306 26,645 22,891 26,160 26,880 31,347 30,115 Commercial banks 17,348 8,303 9,364 7,795 8,175 7,025 7,584 10,777 Private nonguaranteed 4,576 11,389 32,801 25,915 27,653 27,045 29,144 37,808 Bonds 3 3,172 8,004 6,856 7,828 8,897 10,079 15,460 Commercial banks and other 4,573 8,218 24,797 19,059 19,826 18,148 19,066 22,348 Memo: IDRD 6,868 7,941 7,665 6,380 5,124 4,141 4,174 4,107 IDA 301 504 578 695 698 896 898 685 3 ALL DEVELOPING COUNTRIES (US$ million. unless othem'ise indicated) 1990 1995 2000 2002 2003 2004 2006 Euro .. .. 17.9 19.1 16.6 Japanese yen 10.9 13.1 11.8 10.8 10.9 10.5 10.0 Pound sterling 2,4 1.6 1.0 1.0 1.3 1.4 1.2 Swiss franc 2.1 1.2 0.5 0.6 0.6 0.6 0.7 U.S.dollars 43.7 47.1 61.7 63.0 60.8 60.5 63.5 Total amount rescheduled 79,328 31,580 60,696 18,657 1l,344 7.650 29,811 Debt stock rescheduled 61,849 6,900 23,193 2,319 3,491 1.092 24,305 Principal rescheduled 10,268 15,576 20,737 9,081 6,100 4,718 3,082 Official 5,822 6,984 17,063 8,134 5,479 4,583 2.768 Private 4,446 8,592 3,674 947 621 134 314 Interest rescheduled 5,796 5,220 13,962 3,352 1,148 1,485 1,006 Official 4,577 2,278 11,167 3,J39 1,026 1,077 961 Private 1,219 2,942 2,795 213 121 408 45 Debt forgiven 12,628 2,244 931 4,968 2,049 4,996 9,886 Memo: interest forgiven 2,890 962 1.949 2,208 688 1,570 11,886 Debt stock reduction 26,145 4,227 41,630 4,860 2,780 5,734 41,943 of which debt buyback 4,359 162 17,016 2,949 o 0 0 Total change in debt stocks 98,823 173,950 -59,594 80,194 221,276 178,827 ·24,376 Net flows on debt 56,131 147,521 1,208 11.294 77,644 128,223 133,275 152,194 46,331 1,590 ·53,000 71,160 87,526 39,441 -76,998 ·· ·.·~t,A~~~ED_9F.M:WCQ. ._~·.. ALL CREDITORS Interest (%) 7.0 6.1 7.0 5.2 4.7 4,4 4.9 Maturity (years) 17.1 13.9 14.0 15.7 13.9 15.0 16.2 Grace period (years) 5.8 4.6 7.2 6.6 7.1 7.2 8.8 Grant element (%) 20.5 21.5 15.3 28.8 28.3 31.7 31.7 OfficiaJ creditors Interest (%) 5.5 5.8 4.8 3.1 2.8 2,4 3.0 Maturity (years) 22,4 19.2 20.1 22.6 20.3 22.8 23.2 Grace peri od (years) 6.6 5.3 5.2 6.0 5,4 6.0 6.2 Grant element (%) 33.2 28.7 33.8 46.7 46.7 52.3 49.6 Private creditors Interest (%) 8.5 6.5 8.1 6.7 5.8 5.6 6.0 Maturity (years) 11.6 7.5 10.8 10.5 10,4 10.6 12.3 Grace period (years) 4.9 3.8 8.3 7.0 8.0 7.9 10.2 Grant element (%) 7.2 12.6 5.9 15.1 18.3 19.8 21.8 (current prices, US$ billion) I --.~~~~~--.- Aggregate Net Resource Flows Private Flows Official Flows 1 600 .0 2006 p=.:._'"-"-'-. 2006 · 500.0 2005 2005 · · · · · · · ·11 : 400.0 2004 2004 · · · · · ·111 300.0 200.0 100.0 2003 _ ··· 2002 · · · · · 2001 n.~ _ __ 2003 2002 2001 ... III---::::i 2000 .)_ __ 2000 0.0 2000 2001 2002 2003 2004 2005 2006 0,0 100,0 200.0 300.0 400.0 500.0 -60.0 -40,0 -20.0 0,0 20.0 40.0 60.0 III Private flows ::; Official flows III Private non-debt flows Private debt flows · Multilateral IIISilateral [J Grants 4 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 2000 2002 TOTAL DEBT STOCKS (EDT) 234,079 455,618 497,774 516,527 541,910 587,784 621,223 653,128 Long-term debt (LDOD) 194,620 345,442 418,685 388,140 389,348 403,802 400,185 408,384 Public and publicly guaranteed 172,984 255,392 271,247 266,772 266,832 268,272 256,316 256,970 Private nonguaranteed 21,635 90,050 147,438 121,368 122,516 135,530 143,869 151,415 Use of IMF credit 2,085 1,337 16,452 11,618 12,131 10,964 8,545 244 Short-term debt 37,374 108,839 62,637 116,769 140,431 173,018 212,493 244,499 of which interest arrears on LDOD 1,885 2,952 5,334 7,316 8,448 8,462 8,445 Official creditors 1,135 2,374 657 857 980 988 973 Private creditors 751 577 4,677 6,459 7,468 7.474 7,472 Memorandum items Principal arrears on LDOD 2,965 10,943 7,415 7,964 14,825 15,907 15,806 Official creditors 1,790 10,215 4,184 4,709 5,140 5,257 5,176 Private creditors 1,175 727 3,231 3,255 9.685 10.650 10,630 TOTAL DEBT FLOWS Disbursements 29,503 59,109 41,410 48,865 56,378 61,316 72,049 70,333 Long-term debt 29,445 58,907 39,917 47,353 54,424 61,316 72,049 70,333 IMF purchases 58 203 1,493 1,513 1,954 0 0 0 Principal repayments 18,662 32,257 47,891 69,140 73,043 58,559 67,296 71,047 Long-term debt 17,377 31,866 47.623 64,902 70,554 56,923 65,698 62,653 IMF repurchases 1,286 390 267 4,237 2.489 1,636 1,597 8,389 Net flows on debt 18,636 54,074 -16,330 -13,482 1,861 35,330 44,245 30,942 of which short -term debt 7,795 27,221 -9,850 6,792 18,526 32,572 39,492 31,792 Interest payments (lNT) 12,509 20,625 25,186 18,463 18,972 19,848 18,604 22,705 Long-term debt 10,154 15,541 20,378 14,505 14,664 14,959 13,036 15,90S IMF charges 245 69 793 360 203 285 336 268 Short-term debt 2,110 5,015 4,015 3,598 4,105 4,603 5,232 6,529 Net transfers on debt 6,126 33,449 -41,516 -31,946 -17,110 15,482 25,642 8,294 Total debt service paid (TDS) 31,172 52,882 73,076 87,603 92,015 78,407 85,900 93,752 Long-term debt 27,531 47,408 68,001 79,407 85,218 71,882 78,735 78,566 IMF repurchases and charges 1,531 459 1,060 4,597 2,692 1,921 1,933 8,658 Short-term debt (interest only) 2,110 5,015 4,015 3,598 4,105 4,603 5,232 6,529 NET RESOURCE FLOWS 25,085 84,537 46,522 45,507 52,344 92,293 133,348 147,068 Net flow of long-term debt (ex. IMF) 12,068 27,040 -7,706 -17,550 -16,130 4,393 6,351 7,676 Foreign direct investment (net) 10,512 50,798 45,138 57,004 53,485 66,101 96,898 88,892 Portfolio equity flows 440 3,616 6,589 3,836 12,487 19,042 26,108 48,400 Grants (excluding technical coop.) 2,081 3,082 2,500 2.216 2,502 2,757 3,992 2,100 Memo: technical coop. grants 2,400 3,276 2,833 2,827 3,430 3,641 3,916 3,500 NET TRANSFERS 9,772 53,103 -5,520 1,693 8,433 41,092 79,280 92,860 Interest on long-term debt 10,154 15,541 20,378 14,505 14,664 14,959 13,036 15,908 Profit rentittances on FDI 5,159 15,893 31,663 29,309 29,247 36,242 41,032 38,300 Gross national income (GNI) 656,305 1,284,215 1,679,645 1,992.788 2,260,088 2,626,637 3,024,030 Exports of goods, servo & inc. (XGS) 177,001 417.577 642,750 716,973 880,202 1,137,983 1,409,452 Worker remit. & compo of employees 3.258 9,694 16,675 29,474 35,309 38,805 43.163 Imports of goods & services (MGS) 182.910 452,273 606,233 673,971 824,090 1,065,185 1.242,466 International reserves (RES) 71,348 167,801 283,042 425,802 565,514 802,624 1,020,198 Current account balance -3,156 -29,102 45,120 56,291 73,704 94,224 179.879 EDT f XGS (%) 132.2 109.1 77.4 72.0 61.6 51.7 44.1 EDT fGNI(%) 35.7 35.5 29.6 25.9 24.0 22.4 20.5 TDS f XGS (%) 17.6 12.7 11.4 12.2 10.5 6.9 6.1 INT f XGS (%) 7.1 4.9 3.9 2.6 2.2 1.7 1.3 INT f GNl (%) 1.9 1.6 1.5 0.9 0.8 0.8 0.6 RES f EDT (%) 30,5 36.8 56.9 82.4 104.4 136.6 164.2 RES I MGS (months) 4.7 4.5 5.6 7.6 8.2 9.0 9.9 Short-term! EDT (%) 16.0 23.9 12.6 22.6 25.9 29.4 34.2 37.4 Concessional! EDT (% ) 29.4 21.6 20.9 21.3 22.3 22.2 19.1 18.4 Multilateral I EDT (%) 14.9 11.8 13.2 12.8 12.4 11.3 10.4 9.8 5 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 2000 2002 2004 DEBT OUTSTANDING (LDOD) 194,620 345,442 418,685 388,140 389,348 403,802 400,185 408,384 Public and publicly guaranteed 172,984 255,392 271,247 266,772 266,832 268,272 256,316 256,970 Official creditors 104,717 159,555 17L290 172,546 178,910 183,905 171,513 167,782 Multilateral 34,975 53,614 65,800 66,293 67,390 66,433 64,351 63,792 Concessional 7,347 13,449 17,433 19,716 22,855 24,688 23,560 24,250 Bilateral 69,742 105,941 105,489 106,253 111,520 117,473 107,162 j03,990 Concessional 61,559 84,918 86,685 90,256 98,180 106,035 95,034 96,152 Private creditors 68,268 95,837 99,957 94,226 87,922 84,367 84,803 89,187 Bonds 11,814 23,690 35,943 38,247 41,640 45,874 49,944 54,498 Commercial banks 35,213 39,430 32,715 27,250 21,435 16,494 15,628 18,096 Private nonguaranteed 21,635 90,050 147,438 121,368 122,516 135,530 143,869 151,415 Bonds 160 15,574 22,077 19,493 18,425 20,432 24,832 27,671 Commereial banks and other 21,476 74,476 125,361 101,875 104,091 115,098 119,038 123,743 Memo: IBRO 20,176 27,912 30,476 28,656 26,968 24,686 23,331 22,110 IDA 5,130 9,692 12,520 14,108 16,119 17,355 16,498 17,291 Public sector LOOO 172,441 254,003 270,867 266,041 266,077 267,335 254,902 Private sector LOOO 22,179 91,439 147,818 122,099 123,271 136,468 145,283 DISBURSEMENTS 29,445 58,907 39,917 47,353 54,424 61,316 72,1149 70,333 Public and publicly guaranteed 19,603 38,010 26,471 20,674 18,845 24,279 23,528 23,295 Official creditors 10,106 17,659 15,605 10,024 9,673 9,522 9,541 6,477 Multilateral 4,710 6,135 6,942 5,257 5,081 4,316 5,120 3.030 Concessional 1,030 1,336 1,173 1,082 1,480 1,247 1,172 913 Bilateral 5.396 11,524 8,664 4,767 4,592 5.206 4,422 3,447 Concessional 4,592 6.039 7,477 3,831 3,824 4,531 3,938 5,639 Private creditors 9,498 20,351 10,865 10,650 9,172 14,757 13,986 16,817 Bonds 852 4,449 4,539 7,049 4,936 11,467 9.409 8,170 Commercial banks 4,090 8,713 2,539 \,655 3,533 2,603 3,041 7,720 Private nonguaranteed 9,841 20,897 13,446 26,679 35,579 37,037 48,521 47,039 Bonds 120 5,731 1,106 986 1,916 4,859 7,148 6,088 Commercial banks and other 9,721 15,166 12,341 25,692 33,662 32,178 41,373 40,951 Memo: IBRO 2,532 3,168 3,245 2,491 2,132 1,861 1.825 1.316 IDA 604 934 700 651 944 774 627 591 PRINCIPAL REPAYMENTS 17,377 31,866 47,623 64,902 70,554 56,923 65,698 62,653 Public and publicly guaranteed 14,808 21,662 23,410 29,651 30,951 25,814 23,440 23,164 Official creditors 4.266 8,353 10,245 15,202 16.372 13,140 10,365 10,208 Multilateral 2,032 3,094 4,063 7,670 7,649 6,055 4,608 4,010 Concessional 77 127 448 271 313 415 430 395 Bilateral 2,234 5,259 6,183 7,532 8,723 7,085 5.757 6,198 Coneessional \,071 3.124 4,804 3,629 4,938 5,368 4,164 5,430 Pri vate creditors 10,542 13,309 13,164 14,449 14,578 12,674 13,074 12,956 Bonds 1,925 1.854 1,211 4,929 1,804 4,092 4,303 3,956 Commercial banks 5,395 5,317 7,159 5,301 8,947 5,997 5,052 5,176 Private nonguaranteed 2,569 10,204 24,213 35,251 39,604 31,109 42,259 39,494 Bonds 0 120 5,168 3,006 2,982 2,554 2,308 3,248 Commercial hanks and other 2,569 10,084 19,045 32,245 36,621 28,555 39,951 36.245 Memo: IBRO 1,462 2.152 2,006 4,702 4,334 4.307 2,798 2,668 IDA 19 SO 107 162 199 248 286 264 INTEREST PA YME~lS (LINT) 10,154 15,541 20,378 14,505 14,664 14,959 13,036 15,908 Public and publicly guaranteed 8,864 12,044 12,838 9,962 10,023 10,522 8,505 10,605 Official creditors 3,672 6.281 7,237 5,430 5,354 5,911 4,030 5,031 Multilateral 2,146 3,051 3,834 3,272 2,623 2,504 2,018 1,801 Concessional 63 125 147 148 166 197 205 162 Bilateral 1,526 3,230 3,403 2,158 2,731 3,407 2,012 3,230 Concessional 994 2,059 2,213 1,551 2,071 2,812 1,618 2,658 Pri vale creditors 5.192 5,763 5,601 4,533 4,669 4,611 4,475 5,574 Bonds 923 1,238 2,300 2.447 2.730 2,990 3,194 3,545 Commercial banks 2,795 2,442 1,895 1,094 721 798 760 974 Private nonguaranteed 1,290 3,497 7,540 4,543 4,640 4,437 4,532 5,303 Bonds 2 503 1,942 1,381 1,363 1,269 1,772 1,831 Commercial banks and other 1,289 2,994 5,598 3.162 3,278 3,168 2,759 3,472 Memo: lBRO 1,521 1,999 2,146 1,875 1,461 1,204 1,028 1,018 IDA 34 69 87 94 104 130 133 104 6 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 Euro .. " " 7.2 8.7 8.5 Japanese yen 29.1 28.2 28.3 27.0 27.8 28.4 27.2 Pound sterling 1.0 0.4 0.5 0.5 0.5 0.7 0.8 Swiss franc 1.0 0.5 0.2 0.3 0.3 0.3 0.3 U.S.dollars 23.6 36.7 55.9 57.1 56.0 54.1 56.0 Total amount rescheduled 1,478 314 2,468 5.074 3,086 0 2,612 Debt stock rescheduled 0 0 0 1,002 0 0 0 Principal rescheduled 848 170 2,268 2,441 2,515 0 1,376 Official 172 156 1,541 1,836 1,949 0 1,358 Private 676 14 727 604 566 0 18 Interest rescheduled 186 104 I 675 408 0 566 Official 107 104 I 551 342 0 555 Private 80 0 0 124 66 0 11 Debt forgiven 0 44 5 1 2 5 8 Memo: interest forgiven 0 7 1,631 0 0 0 6 Debt stock reduction 1,803 0 8,759 0 905 0 0 of which debt 721 0 0 0 0 0 0 Total change in debt stocks 30,301 71,918 -41,156 -95 25,383 45,874 33,439 Net flows on debt 18,636 54,074 -16,330 -13,482 1,861 35,330 44,245 30,942 Cross-currency valuation 10,348 -1,773 -13,902 13,127 16,167 5,504 -15.376 ALL CREDITORS Interest (%) 6.5 5.9 5.7 4.9 3.7 4.2 4.8 M aturi ty (years) 19.6 15.8 17.2 16.5 15.1 14.6 16.1 Grace period (years) 5.4 5.0 5.2 6.6 5.5 6.8 7.3 Grant element (%) 24.4 23.8 25.9 31.2 34.5 33.5 31.2 Official creditors Interest (%) 4.9 5.3 3.8 2.7 1.9 2.2 2.8 Maturity (years) 24.6 22.0 26.8 25.0 25.5 25.2 24.9 Grace peri od (years) 7.1 5.6 6.3 6.0 5.5 6.7 5.8 Grant element (%) 38.7 32.7 46.5 51.5 57.5 57.4 51.0 Private creditors Interest (%) 8.3 6.4 6.8 6.3 4.8 5.3 6.0 Maturity (years) 14.1 9.6 11.4 10.9 8.0 8.6 10.6 Grace period (years) 3.5 4.4 4.5 7.0 5.5 6.8 8.3 Grant element 8.6 14.9 13.6 17.7 18.9 19.9 19.1 (current prices, US$ billion) - - - - - - - - - - - - ------------------- -- - ------------- Aggregate Net Resource Flows Private Flows Official Flows 160.0 2006 -. 140.0· 2005 2005 120.0 100.0 2004 2004 ._----J 80.0 2003 2003 60.0 2002 2002 40.0 2001 2001 ~ 20.0 2000 2000 0.0 2000 2001 2002 2003 2004 2005 2006 -50.0 0.0 50.0 100.0 150.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 III Private flows _J Official flows iii Private non·debt flows ::J Private debt flows · Multilateral III Bilateral nGrants .............._-- ------- 7 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 2000 2004 2006 TOTAL DEBT STOCKS (EDT) 210,841 332,231 489,776 542,016 654,300 760,205 834,484 954,934 Long-term debt (LDOD) 172,395 276,391 390,194 422,955 491,646 583,440 646,633 742,675 Public and publicly guaranteed 167,474 259,687 275,554 266,115 289,752 310,142 266,975 277,574 Private non guaranteed 4,921 16,705 114,640 156,841 201,894 273,298 379,658 465,101 Use of IMF credit 1,305 16,942 21,950 34,245 35,315 30,735 18,810 13,962 Short-term debt 37,141 38,897 77,631 84,816 127,339 146,030 169,042 198,297 of which interest arrears on LDOD 13,041 8,025 8,673 5,823 5,380 4,160 4,206 Official creditors 6,573 2,133 7,079 4,502 3,461 3,300 3,372 Private creditors 6,468 5,892 1,594 1,321 1,919 860 833 Memorandum items Principal arrears on LDOD 6,324 29,193 14,534 8,448 8,041 4,268 4,244 Official creditors 4,584 8,113 10,978 5,441 4,413 2,295 2,314 Private creditors 1,740 21,081 3,556 3,007 3,628 1,973 1,930 TOTAL DEBT FLOWS Disbursements 27,955 32,908 63,756 94,863 110,816 177,628 229,248 243,726 Long-Ienn debt 27,207 24,753 59,387 81,382 108,327 175,986 226,458 240,287 IMF purchases 747 8,155 4,369 13,481 2,489 1,642 2,789 3,440 Principal repayments 19,203 21,064 50,205 73,172 86,433 117,018 161,502 159,277 Long-Ienn debt 18,471 18,016 45,127 64,328 81,950 109,485 148,917 150,194 IMF repurchases 732 3,047 5,079 8,845 4,483 7,533 12,585 9,083 Net flows on debt 1,647 18,702 21,909 26,438 55,074 80,521 90,712 114,523 of which short -lenn debt -7,104 6,857 8,358 4,748 30,981 19,911 22,966 30,071 Interest payments (INT) 11,648 13,767 22,242 22,348 25,219 29,328 34,423 39,679 Long-tenn debt 9,352 11,562 17,422 18,987 21,191 23,231 26,666 31,207 IMFcharges 128 711 1,080 1.164 803 1,201 1,125 433 Short -tenn debt 2,169 1,494 3,740 2,196 3,225 4,896 6,631 8,038 Net transfers on debt -10,001 4,935 -333 4,089 29,856 51,193 56,290 74,691 Total debt service paid (TDS) 30,852 34,831 72,447 95,520 111,653 146,346 195,924 198,956 Long-tenn debt 27,823 29,579 62,548 83,315 103,142 132,716 175,583 181,401 IMF repurchases and charges 860 3,758 6,159 10,009 5,286 8,735 13,710 9,517 Short-tenn debt (interest only) 2,169 1,494 3,740 2,196 3,225 4,896 6,631 8,038 NET RESOURCE FLOWS 8,205 31,111 48,745 51,966 68,331 144,567 161,516 218,984 Net flow of long-term debt (ex. IMF) 8,736 6,737 14,260 17,054 26,377 66,501 77,541 90,093 Foreign direct investment (net) 3,333 14,799 25,367 26,377 34,205 62,754 73,687 107,253 Portfolio equity Bows 89 402 643 140 -603 5,250 6,328 10,500 Grants (excluding technical coop.) 1,008 9,173 8,476 8,395 8,351 10,063 3,960 11,138 Memo: technical coop. grants 421 4,575 2,948 4,748 4,316 4,339 2,624 1,868 NET TRANSFERS 2,063 17,665 25,162 22,497 22,904 85,259 85,404 130,577 Interest on 10ng-tenn debt 9,352 11,562 17,422 18,987 21,191 23,231 26,666 31,207 Profit remittances on fDl 218 1,884 6,162 10,482 24,236 36,078 49,446 57,200 Gross national income (GNI) 1,062,578 979,848 89\,097 1,057,276 1.296,788 \,650,241 2,026,980 Exports of goods, serv, & inc. (XGS) 0 285,777 380,885 431,072 550,425 725,278 890,582 Worker remit. & compo of employees 3,246 7,929 13,086 14,051 16,800 21,894 30.346 Unports of goods & services (MGS) 0 294,510 369,427 430,161 557,849 728,606 874,369 International reserves (RES) 0 76,556 115,084 162,046 222,299 300,439 395,453 Current account balance -4,262 -2,732 18,473 8,709 2,660 9,197 25,760 EDT/XGS (%) 116.3 128.6 125.7 118.9 104.8 93.7 EDT IGNI{%) 19.8 33.9 55.0 51.3 50.5 46.1 41.2 TDSfXGS (%) 12.2 19.0 22.2 20.3 20.2 22.0 !NT I XGS (%) 4.8 5.8 5.2 4.6 4.0 3.9 !NT I GNI (%) 1.1 1.4 2.5 2.1 1.9 1.8 1.7 RES I EDT (%) 0.0 23.0 23.5 29.9 34.0 39.5 47.4 RES / MGS (months) 3.1 3.7 4.5 4.8 4.9 5.4 Short-lenn f EDT (%) 17.6 11.7 15.9 15.6 19.5 \9.2 20.3 20.8 Concessional / EDT (%) 6.0 7.2 5.1 5.2 4.8 4.5 3.3 3.0 Multilateral / EDT (%) 7.8 7.6 7.0 7.5 6.7 6.2 5.3 5.0 8 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2006 DEBT OUTSTANDING (LDOD) 172,395 276,391 390,194 422,955 491,646 583,440 646,633 742,675 Public and publicly guaranteed 167,474 259,687 275,554 266,115 289,752 310,142 266,975 277,574 Official creditors 63,424 137,675 144,025 129,945 132,328 138,988 101,589 79,150 Multilateral 16,425 25,277 34,467 40,431 43,616 47,185 44,632 47,506 Concessional 920 1.728 3,677 4,929 6,417 7,807 8,718 10,114 Bilateral 46,999 112,398 109,558 89,513 88,712 91,803 56,957 31,644 Concessional 11,730 22,216 21,397 23.105 25,016 26,031 18,903 18,606 Private creditors 104,050 122,011 131,529 136,170 157,424 171,154 165.386 198,424 Bonds 11,840 45,796 90,985 96,165 113,232 125,442 125,432 151,211 Commercial banks 63,920 40,044 29,128 31,936 35,593 38,205 34,224 42,315 Private nonguaranteed 4,921 16,705 114,640 156,841 201,894 273,298 379,658 465,101 Bonds 16 149 7,215 1I,031 18,224 30,767 50,697 76,240 Commercial banks and other 4,905 16,555 107,425 145,810 183,670 242,531 328,962 388,862 Memo: IBRD 10,271 15,623 22,528 26,299 26,821 27,371 24.898 25,494 IDA 157 669 2,667 3,730 4,589 5,555 5,548 6.001 Public sector LDOD 166,716 258,247 273,667 264,268 287,566 306,746 264,321 Private sector LDOD 5,679 18,145 116,527 158,687 204,080 276,693 382,312 DISBURSEMENTS 27,207 24,753 59,387 81,382 108,327 175,986 226,458 240,287 Public and publicly guaranteed 25,446 19,005 26,012 19,500 26,444 34,634 33,887 51,853 Official creditors 6,330 6,539 8,121 6,005 5,610 8,516 6,401 7,869 Multilateral 2,292 4,295 4,943 4,094 3,949 6,821 5,407 5,856 Concessional 14 413 471 777 1,035 1,139 1,674 I,J66 Bilateral 4,038 2,245 3,178 1,912 1.661 1,695 995 2,013 Concessional 940 1,201 1,516 1,004 1,101 1,085 782 1,620 Pri vate creditors 19,116 12,466 17,892 13,495 20,834 26,118 27,485 43,985 Bonds 1,959 5,771 10,713 7,717 14,085 19,342 23,431 31,963 Commercial banks 3,650 2,444 6,173 5,117 4,392 6,157 3,688 11,595 Private nonguaranteed 1,761 5,749 33,375 61,882 81,883 141,352 192,572 188,433 Bonds 0 0 1.513 3,993 8,028 15,852 22,615 29,251 Commercial banks and other 1,761 5,749 31.862 57,889 73,855 125,501 169,956 159,182 Memo: IBRD L218 2,639 3.102 2,171 1,445 2,978 2,182 2,564 IDA 0 370 351 603 494 745 420 324 PRINCIPAL REPAYMENTS 18,471 18,016 45,127 64,328 81,950 109,485 148,917 150,194 Public and publicly guaranteed 16,974 15,365 18,859 20,993 29,067 29,515 53,471 46,525 Official creditors 3,100 4,909 7,269 8,040 10,308 12,687 32,764 32,222 Multilateral 1,450 2,962 2.769 2,810 3,766 5,085 4,759 4,442 Concessional 23 66 33 38 82 96 79 119 Bilateral 1,651 1,947 4,500 5,230 6,542 7,602 28,005 27,781 Concessional 434 524 2,249 1,442 1,787 2,044 5,933 1,915 Private creditors 13,874 10,456 11,589 12,953 18,760 16,828 20,707 14,303 Bonds 66 3,747 5,641 7,171 1],293 10,638 15.409 9,179 Commercial banks 8,731 3,308 3,461 3,535 4,919 4,238 3,711 3,883 Private nonguaranteed 1,497 2,651 26,268 43,335 52,883 79,970 95,446 103,669 Bonds 0 0 958 845 1,301 1,222 2,231 3,708 Commercial banks and other 1,497 2,651 25,310 42,490 51,582 78,748 93,215 99,960 Memo: lBRD 1.133 1,191 1.314 1,763 2,543 3,283 3,307 2,579 IDA 4 6 6 6 8 13 23 35 INTEREST PAYMENTS (LINT) 9,352 11,562 17,422 18,987 21,191 23,231 26,666 31,207 Public and publicly guaranteed 8,910 10,898 11,806 13,446 14,221 14,325 14,649 15,508 Official creditors 2,204 4,685 3,955 4,791 5,056 4,620 4,568 3,943 Multilateral 1.182 1,476 1,861 1,538 1,462 1,401 1,674 1,724 Concessional 39 47 42 49 60 84 103 145 Bilateral 1,023 3,209 2,094 3,252 3,594 3,219 2,894 2,220 Concessional 246 755 626 610 633 660 542 508 Private creditors 6,706 6,213 7,851 8,656 9,165 9,704 10,081 11,564 Bonds 735 3,176 5,783 6,760 7,235 7,830 8,046 8,789 Commercial banks 4,584 1,740 1,494 1,408 1,548 1,533 1,695 2,505 Private nonguaranteed 441 664 5,616 5,541 6,971 8,906 12,017 15,700 Bonds 1 13 532 809 1,866 1,372 2,939 4,779 Commercial banks and other 440 651 5.084 4,733 5,105 7,534 9,078 10,920 Memo: IBRD 809 911 1,280 1,086 976 862 973 974 IDA 1 3 19 23 30 42 45 40 9 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 Euro .. .. 34.1 36.9 33.4 Japanese yen 7.6 9.9 6.5 5.4 5.2 4.6 4.9 Pound sterling 1.8 1.1 0.7 0.9 0.8 1.1 1.2 Swiss franc 6.4 2.5 0.5 0.6 0.6 0.7 1.6 U.s.dollars 32.6 43.1 58.3 56.0 53.7 52.7 55.7 7. DEBT REST'-UC'I'URlNGS Total amount reseheduled 3,559 11, III 29.177 7,032 3,286 3,189 593 Debt stock rescheduled 0 225 19,307 976 4 937 487 Principal rescheduled 1,366 7.677 3.670 3.729 2,929 1,941 79 Official 746 4.026 2,991 3.572 2,923 1,939 78 Private 620 3,651 679 158 6 2 1 Interest rescheduled 2.163 1.381 4.389 768 357 362 14 Official 1,998 777 2,221 765 357 13 12 Private 165 604 2,168 3 0 349 2 Debt forgiven 232 0 12 849 7 34 221 Memo: interest forgiven 61 () () 85 81 570 20 Debt stock reduction 1,779 146 12,545 294 46 1,497 6 of which debt 882 30 943 0 0 0 0 DEB'tSl'OCK-FLOW ImCONClLlATIQli Total ehange in debt stocks 19,660 21,793 10,180 48,896 112,284 105,905 74,279 Net nows on debt 1.647 18,702 21,909 26.438 55,074 80,521 90,712 114,523 9,846 6,506 -9,823 18,002 23,731 9,640 -20,492 9.AVEBAG£ TQMSQF~W CQMMITMENTS ALL CREDITORS Interest (%) 8.4 6.1 7.4 5.3 4.8 4.5 3.9 Maturity (years) 12.0 11.4 11.6 11.3 10.8 11.3 15.3 Grace period (years) 6.2 5.2 6.6 5.6 5.7 7.4 11.2 Grant element (%) 8.8 19.4 11.8 24.8 26.0 28.4 39.5 Official creditors Interest (%) 7.8 5.8 5.9 3.0 4.2 3.1 2.7 Maturity (years) 13.7 16.7 17.6 18.1 16.5 18.2 20.5 Grace period (years) 5.9 5.2 5.4 5.6 3.7 6.2 6.9 Grant element (%) 12.4 25.4 26.5 43.4 34.3 45.8 49.3 Private creditors Interest (%) 8.6 6.4 8, I 6.5 5.1 4.9 4.3 Maturity (years) 11.3 7.0 9.2 7.5 8,1 9.3 13.5 Grace period (years) 6.4 5,1 7.1 5.6 6.6 7.8 12.7 Grant element (%) 7.3 14.4 5,8 14.5 22.1 23.S 36.0 10.GllAPHoF AGGRlGA'fE NETRESOlJR.CI FlOWS (current prices, US$ billion) Aggregate Net Resource Flows Private Flows Official Flows 250.0 2006 2006 11l1lil1lil1lil1lil1lil1liII1IIl1li111 : 200.0 2005 , 2005 2004 · _ _ ___ I I 2004 2003 2003 ' 100.0 2002 , 2002 50,0 2001 2001 2000 2000 : 0.0 2000 2001 2002 2003 2004 2005 2006 0,0 50,0 100.0 150.0 -30.0 -20,0 -100 0.0 10.0 20,0 !II Private flows ::; Officiaillows iii Private non-debt flows -l Private debt flows · Multilateral III Bilateral DGranls 10 LATIN AMERICA AND CARffiBEAN (US$ million, unless otherwise indicated) 1995 2000 2002 :t.SPMMARYilE8'1'bAtA . , ., TOTAL DEBT STOCKS (EDT) 444,637 611,790 762,473 776,473 817,157 815,977 727,628 711,045 Long-term debt (LDOD) 352,724 461,492 641,808 656,438 677,810 669,007 621,868 617,779 Public and publicly guaranteed 327,705 374,098 400,351 430,492 456,128 464,682 419,555 400,817 Private non guaranteed 25.018 87,394 241,457 225,946 221,682 204,325 202,313 216,962 Use of IMF credit 18,298 26,719 8,846 38,302 47,758 43,307 13,122 1,830 Short-term debt 73,615 123,579 111,818 81,732 91,589 103,663 92,638 91,437 of which interest arrears on LDOD 25,544 lO,312 1,681 6,743 13,965 18,776 10,514 Official creditors 3,856 3,561 1,156 855 1,104 1,212 1,247 Private creditors 21.688 6,750 526 5,888 12,861 17,565 9,267 Memorandum items Principal arrears on LDOD 24.401 16,002 3,762 9,988 18,866 30,598 17,822 Official creditors 7,370 6,070 1,902 1,457 2,266 3,287 3,652 Private creditors 17,031 9,932 1,859 8,531 16,600 27,311 14,170 TOTAL DEBT FLOWS Disbursements 32,567 89,875 121,404 104,978 126,114 105,572 106,073 115,105 Long-term debt 27.731 74,103 117,895 87,335 101,985 101,344 105,481 114,583 IMF purchases 4.836 15,772 3,510 17,644 24,129 4,228 593 522 Principal repayments 22,124 43,476 124,531 97,252 112,347 116,743 120,703 129,548 Long-term debt 18,469 40,582 110,294 91,488 93,788 106.259 92,530 J 18,102 IMF repurchases 3,655 2,894 14,237 5,765 18,559 10,484 28,172 11,446 Net flows on debt 18,096 60,991 ·3,993 -2,808 16,402 -3,909 ·17,392 -12,349 of which short -term debt 7,653 14,592 -866 -10,535 2,635 7,262 -2,763 2,096 Interest payments (INT) 21,973 36,138 55,558 40,029 41,281 40,191 40,145 41,018 Long-term debt 18,128 28,605 47,956 36,297 36,441 34,433 34,314 38,557 IMF charges 1,459 1,107 777 1,195 1,323 1,881 1,732 303 Short-term debt 2,386 6.426 6,825 2,537 3,518 3,877 4,099 2,159 Net transfers on debt -3,877 24,853 -59,551 -42,838 -24,880 -44,100 .57,537 -53,367 Total debt service paid (TDS) 44,097 79,614 180,090 137,282 153,629 156,935 160,847 170,567 Long-term debt 36,597 69,187 158,250 127,784 \30,229 140,692 126,844 156,659 IMP repurchases and charges 5,114 4,001 15,014 6,960 19,882 12,365 29,904 11.749 Short-term debt (interest only) 2,386 6,426 6,825 2,537 3,518 3,877 4,099 2,159 !'lET RESOURCE FLOWS 22,247 72,554 89,529 51,886 58,626 61,948 100,121 113,100 Net flow of long-term debt (ex. IMF) 9,262 33,521 7,601 -4,153 8,197 -4,915 12,951 -3,519 Foreign direct investment (net) 8,242 30,512 80,021 51,783 43,999 62,523 70,017 68,968 Portfolio equity flows 2,464 5,232 -566 1,444 3,382 -585 12,351 11,100 Grants (excluding technical coop.) 2,279 3,288 2,474 2,812 3,047 4,926 4,802 36,551 Memo: technical coop. grants 1,954 2,701 2,736 2,906 3,637 3,756 3,188 2,927 NET TRANSFERS -3,41 t 28,846 18,978 -4,019 -2,684 -7,733 16,946 30,043 Interest on long-term deht 18,128 28,605 47,956 36,297 36,441 34,433 34,314 38,557 Profit remittances on FDI 7,530 15,103 22,595 19.608 24,869 35,249 48,861 44,500 Gross national income (GND 1.056,832 1,634,543 1,909,161 1,632,893 1,692,589 1,940,914 2,359,590 Exports of goods, servo & inc. (XGS) 185,556 305,400 465,929 447,821 490,805 595,911 715,398 Worker remit. & comp, of employees 5,762 13,420 20,127 28,091 34,932 41,440 48,197 Imports of goods & services (MGS) 192,007 347,621 517,258 468.085 487,393 582,061 686,629 Intemational reserves (RES) 58,687 139,214 160,281 164,666 200,798 226,729 262,800 Current account balance -1,088 -37,884 -47,595 -15,906 7,850 19,127 33,292 EDT/XGS(%) 239.6 200.3 163.6 173.4 166.5 136.9 101.7 EDT I GNI(%) 42.1 37.4 39.9 47.6 48.3 42.0 30.8 TDS IXGS (%) 23.8 26.1 38.7 30.7 31.3 26.3 22.5 !NT I XGS (%) 11.8 11.8 11.9 8.9 8.4 6.7 5.6 INT I GNI (%) 2.1 2.2 2.9 2.5 2.4 2.1 1.7 RES I EDT (%) 13.2 22.8 21.0 21.2 24.6 27.8 36,1 RES I MGS (months) 3.7 4.8 3.7 4.2 4.9 4.7 4.6 Short-tenn I EDT (%) 16.6 20.2 14.7 10.5 11.2 12.7 12.7 12.9 Concessionall EDT (%) 5.4 6.3 4.0 4.0 4.2 4.2 4.3 4.0 Multilateral I EDT (%) 13.5 1\.9 12.2 13.2 13.2 13.1 14.3 13.3 11 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1995 2000 2004 2005 2006 DEBT OUTSTANDING (LDOD) 352,724 461,492 641,808 656,438 677,810 669,007 621,868 617,779 Public and publicly guaranteed 327,705 374,098 400,351 430,492 456,128 464,682 419,555 400,817 Official creditors 121,469 160,181 140,673 143,824 148,293 144,033 133,737 119,914 Multilateral 59,970 72.774 93,282 102,238 107,545 106,961 104,049 94,729 Concessional 5,882 7,912 10,515 11,653 13,654 14,825 14,919 12,257 Bilateral 61,498 87,406 47,391 41,586 40,748 37,072 29,688 25,185 Concessional 18,135 30,376 20,126 19,383 20,369 19,702 16,328 16,256 Private creditors 206,237 213,917 259,678 286,668 307,835 320,648 285,818 280,903 Bonds 75,976 165,484 218,524 225.579 245,362 255,611 219,396 210,916 COImnercial banks 101,750 35,253 32,780 56,048 58,388 61,099 62,657 65,894 Private nonguaranteed 25,018 87,394 241,457 225,946 221,682 204,325 202,313 216,962 Bonds 171 33,829 60,435 58,479 80,760 70,002 72,733 75,784 Commercial banks and other 24,847 53.565 181,022 167,467 140,922 134,323 129,580 141,177 Memo: mRD 34,760 36,390 37,532 38,091 37,847 36,793 35,329 31,038 IDA 1.117 2,186 3,387 3,991 4,614 5.136 5,049 1,491 Public sector LDOD 324,336 372,132 397,411 427,984 453,261 462,050 417,167 Private sector LDOD 28,388 89,360 244,397 228,454 224,549 206,957 204,701 DISBURSEMENTS 27,731 74,103 117,895 87,335 101,985 101,344 105,481 114,583 Public and publicly guaranteed 23,033 46,573 60,071 49,382 60,683 52,608 56,046 50,540 Official creditors 13,183 23,720 16,491 15,949 19,002 12.395 12,808 14,145 Multilateral 8,986 10,021 13,608 11,819 17,286 10,566 10,531 10,275 Concessional 450 810 681 809 1,549 1,331 1,077 723 Bilateral 4,197 13,699 2,883 4,131 1,716 1,829 2,277 3,870 Concessional 1,950 1,325 1,602 1,562 1,235 1.428 1,351 1,513 Private creditors 9,850 22,853 43,580 33,432 41,681 40,213 43,238 36.395 Bonds 1,938 13,694 35,630 16,619 26,681 23,380 27,461 25,511 Commercial banks 4,803 7,426 7,163 16,261 14,315 15.947 15,172 10,141 Private nonguaranteed 4,698 27,530 57,824 37,953 41,302 48,736 49,435 64,043 Bonds 171 7,412 8,312 4,558 7,994 1l,623 16,018 12,734 Commercial banks and other 4,527 20.118 49,513 33,395 33,308 37,113 33,417 51,309 Memo: mRD 6,139 4,642 5,609 4,390 6,376 4,337 3,554 4,882 IDA 119 277 202 250 323 391 306 157 PRINCIPAL REPAYMENTS 18,469 40,582 110,294 91,488 93,788 106,259 92,530 118,102 Public and publicly guaranteed 16,254 27,858 52,239 45,562 51,263 46,157 42,961 71,356 Official creditors 6,452 14,628 16,887 15,123 19,843 16,419 16,422 27,86\ Multilateral 4,751 8.338 9,848 9,750 15,101 12,010 10,966 19,190 Concessional 149 283 258 238 306 377 352 444 Bilateral 1,701 6,290 7,038 5,373 4,741 4,409 5,456 8,671 Concessional 185 1,042 1,271 1,473 1,414 1,490 2,476 1,651 Private creditors 9,802 13,231 35,352 30,439 31,420 29,737 26,539 43,495 Bonds 2,008 5,839 26,718 13,937 18,416 16,674 16,257 35,740 Commercial banks 5,219 4,333 7,040 14,036 11,407 12,195 9,541 6,983 Private nonguaranteed 2,215 12,724 58,055 45,926 42,525 60,103 49,569 46,746 Bonds 0 3,922 8,849 7,670 5,262 20,175 10,583 9,633 Commercial banks and otber 2,215 8,802 49,207 38,256 37,263 39,928 38,986 37,113 Memo: mRD 3.310 4,984 3,811 4,921 7,119 5,649 4,578 9,366 IDA 9 21 18 20 22 67 39 43 INTEREST PAYMENTS (LINT) 18,128 28,605 47,956 36,297 36,441 34,433 34,314 38,557 Public and publicly guaranteed 15,867 22,768 29,911 22,404 22,777 22,806 24,587 25,687 Official creditors 5,497 8,926 8,583 7,108 6,662 5,673 5,578 5,408 Multilateral 4,124 4,888 6,364 5.481 5,255 4,429 4.484 4,327 Concessional 103 151 163 120 165 224 240 271 Bilateral 1,373 4,038 2,219 1,628 1,408 1,244 1,095 1,081 Concessional 135 886 659 531 511 516 492 460 Pri vate creditors 10,370 13,842 21,328 15,296 16,114 17,133 19,009 20,279 Bonds 2,398 11,289 17,316 11,686 12,805 13,869 15,555 15,777 Commercial banks 6,697 1,628 3.215 3,309 3,123 3,100 3,306 3,907 Private nonguaranteed 2,261 5,836 18,046 13,893 13,664 11,627 9,726 12,870 Bonds 0 2,597 5.193 4,296 4,123 5,712 4,542 7,432 Commercial banks and other 2,261 3,239 12,852 9,596 9,541 5,915 5.185 5,438 Memo: mRD 2.538 2,657 2,810 2,298 1,898 1,488 1.523 1,511 IDA 8 23 17 18 21 46 37 24 12 LA TIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 Euro .. .. .. 12.2 12.8 9.9 Japanese yen 6.4 8.3 6.5 5.3 4.9 4.5 3.3 Pound sterling 1.6 l.l 0.6 0.4 0.4 0.3 0.2 Swiss franc 1.0 0.6 0.3 0.2 0.2 0.2 0.1 U.S.dollars 59.4 62.0 72.8 75.8 76.8 77.2 81.8 Total amount rescheduled 63,739 7,922 5.146 127 3,453 566 24,957 Debt stock rescheduled 59,026 3,355 3,783 0 3,185 5 23,795 Principal rescheduled 3,055 1,023 819 61 80 424 456 Official 1,533 823 701 57 80 394 249 Private 1,522 200 118 4 0 30 208 Interest rescheduled 1,507 2,481 229 43 31 59 67 Official 960 641 210 41 31 49 48 Private 547 1,840 18 2 0 10 20 Debt forgiven 180 534 98 382 395 542 628 Memo: interest forgiven 259 734 20 202 199 226 11,655 Debt stock reduction 2l.301 3,701 19,728 3,230 11 1,282 30,600 of which debt 2,756 102 2,497 0 0 0 Total change in debt stocks 19,793 63,230 -13,030 3,723 40,684 -1,180 -88,349 Net flows on debt 18,096 60,991 -3,993 -2,808 16,402 -3,909 -17,392 -12,349 valuation 1l,548 1,926 -10.226 18,748 11,370 -12,627 ALL CREDITORS Interest (%) 7.9 7.2 8.4 6.2 5.9 5.8 6.5 Maturity (years) 15.1 9.9 12.6 14.1 12.5 14.7 15.3 Grace period (years) 5.1 3.6 9.1 7.6 8.7 10.1 9.8 Grant element (% ) 12.3 12.3 4.8 20.4 20.3 22.7 21.4 Official creditors Interest (%) 7.0 7.6 5.9 3.9 3.1 3.2 4.2 Maturity (years) 18.1 14.2 12.7 17.7 13.9 16.1 18.3 Grace period (years) 5.0 4.1 3.1 4.8 4.8 4.6 4.9 Grant element (%) 18.8 15.7 18.8 35.5 38.1 38.7 37.0 Private creditors Interest (%) 9.1 6.8 9.4 7.4 6.7 6.7 7.3 Maturity (years) 11.1 4.2 12.6 12.3 12.0 14.2 14.2 Grace period 5.3 2.9 11.5 9.1 9.9 12.0 lI.5 Grant element 3.6 7.9 -0.7 12.7 15.0 17.1 15.8 (current prices, US$ billion) ------- -l Aggregate Net Resource Flows _p Private Flows Official Flows -I I 120.0 r n ~..... ............ 2006 ; 2006 -- 100.0 W:"" -r.cJ ,- 2005 2005 ~~.-~ 80.0 2004 2004 so.o 40.0 2003 2002 2003 2002 1 - J--.! 2001 2001 20.0 2000 2000 0.0 2000 2001 2002 2003 2004 2005 2006 -20.0 0.0 20.0 40.0 60.0 80.0 100.0 -20.0 -10.0 0,0 10.0 20.0 30.0 40.0 III Private flows D Official flows III Private non-debt flows Private debt flows III Multilateral III Bilateral r;Grants 13 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 1000 2002 2004 2005 2006 TOTAL DEBT STOCKS (EDT) 139,541 167,325 145,226 150,952 162,011 169,478 152,724 149,607 Long-tenn debt (LDOD) 118,031 146,602 121,199 129,539 137,871 141,191 124,308 119.334 Public and publicly guaranteed 116,613 142,803 114,670 123,085 130,903 133,993 113,334 104:398 Private nonguaranteed 1,418 3,799 6,529 6,455 6,968 7,198 10,974 14,937 Use of IMF credit 1,815 2,177 2,542 2,219 1,831 1,378 547 446 Short-term debt 19,696 18.546 21,484 19,194 22,310 26,909 27,869 29,826 of which interest arrears on LDOD 2,878 2,294 2,666 2,807 2,784 2,914 632 Official creditors 1,647 1,982 2,523 2,658 2,625 2,750 484 Pri vate creditors 1,231 312 143 150 159 164 148 Memorandum items Principal arrears on LDOD 8,187 8,667 11,095 12,542 12,794 13,504 4,965 Official creditors 3,579 6,645 10,033 11,456 11,676 12,366 3,906 Private creditors 4,608 2,022 1,062 1,086 1,118 1,138 1,058 TOTAL DEBT FLOWS Disbursements 13,324 12,123 9,651 14,097 12,424 14.431 17,305 16,603 Long-term debt 13,258 11,534 9,628 13,998 12,424 14,431 17,305 16,603 IMF purchases 24 0 Principal repayments Long-term debt 65 12,618 12,221 590 12,081 1l,691 11,580 11,342 99 12,090 11,694 0 14,642 14,083 0 16,015 15,504 15,945 15,199 ° 25,488 25,371 IMF repurchases 397 390 238 396 560 511 745 117 Net flows on debt 2,330 3,683 -3,795 1,424 921 2,886 4,602 -6,939 of which short-term debt 1,625 3,640 -1,866 -583 3,139 4,470 3,242 1,947 Interest payments (INT) 5,980 7,773 6,231 5,782 6,220 5,734 5,964 6,267 Long-term debt 4,578 6,670 5,165 5,173 5,548 4,880 5,002 5,478 IMF charges 180 112 130 60 35 35 32 11 Short-term debt 1,221 991 936 548 637 820 930 778 Net transfers on debt -3,649 -4,091 -10,026 -4,358 -5,300 -2,848 -1,362 -13,205 Total debt service paid (TDS) 18,598 19,854 17,811 17,872 20,863 21,749 21,909 31,755 Long-tenn debt 16,799 18,361 16,507 16,867 19,631 20,384 20,202 30,849 IMF repurchases and charges 577 501 368 456 595 546 777 128 Short-term debt (interest only) 1.221 991 936 548 637 820 930 778 NET RESOURCE FLOWS 9,879 3,163 6,412 9,318 10,307 10,985 21,734 32,658 Net flow of long-term debt (ex, IMp) 1,037 -157 -1.714 2,305 -1,659 -1.073 2,106 -8,768 Foreign direct investment (net) 741 952 4.826 4,886 8,077 6,822 13,765 22,301 Portfolio equity flows 5 32 243 -319 258 688 2,311 1,600 Grants (excluding technical coop,) 8,097 2,336 3.058 2,446 3,631 4,547 3,553 17,526 Memo: technical coop. grants 2,516 2,313 1,548 2,111 2,098 1,803 2,171 2,861 l\'ET TRANSFERS 4,297 -4,955 -1,267 1,464 1,604 1,281 10,166 27,180 Interest on long-term debt 4,578 6,670 5.165 5,173 5,548 4,880 5,002 5,478 Profit remittances on FDI 1,004 1,448 2,515 2,680 3,155 4,824 6,566 0 Gross national income (GNI) 233.003 286,476 377,084 390,802 430,202 489,266 552,490 Exports of goods, servo & inc, (XGS) 90.217 104,443 139.909 147,956 176.715 208.848 246,811 Worker remit. & compo of employees 11,432 12.732 12,069 15,476 19,824 22,586 23,550 bnports of goods & services (MGS) 88,143 97,173 112,757 114,848 133.949 164.644 189,009 International reserves (RES) 17,195 39.882 51,587 74,163 97,676 112,307 134,791 Current account balance 6,795 S09 IS,800 1,425 3,160 371 3.588 EDT/XGS (%) 1S4,7 160.2 103.8 102,0 91.7 81.1 61.9 EDT I GNI (%) 59.9 S8.4 38.5 38.6 37.7 34.6 27,6 IDS/XGS (0/0) 20.6 19,0 12,7 12.1 11.8 10.4 8,9 INT/XGS(%) 6,6 7.4 4.5 3.9 3,5 2.7 2,4 INT/GNI(%) 2,6 2,7 1.7 L5 1.4 L2 l.l RES I EDT(%) 12.3 23.8 35.5 49.1 60.3 66,3 88,3 RES I MGS (months) 2.3 4,9 5.5 7.7 8,8 8,2 8,6 Short-term / EDT (0/0) 14.1 ILl 14,8 12.7 13.8 15.9 18,2 19.9 Concessionall EDT (0/0) 31.2 33.8 39,6 38.3 37,6 363 31.0 32.1 Multilateral I EDT (%) 11.2 13.8 16.1 16.2 16.1 15.5 15.8 16.4 14 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 DEBT OUTSTANDING (LDOD) 118,031 146,602 121,199 129,539 137,871 141,191 124,308 119,334 Public and publicly guaranteed 116,613 142,803 114,670 123,085 130,903 133,993 113,334 104,398 Official creditors 71,044 105,670 88,132 89,235 94,515 94,366 75,210 68,136 Multilateral 15,606 23,112 23,352 24,398 26,136 26,301 24,159 24,497 Concessional 3,573 5,375 7,830 8.536 8,988 9,279 9,260 9.849 Bilateral 55,437 82,559 64,780 64,837 68.379 68,065 51.050 43,639 Concessional 40,005 51,213 49,690 49,264 52.006 52,260 38,046 38.168 Pri vate creditors 45.569 37.133 26,538 33,850 36.388 39,626 38,125 36,261 Bonds 1,683 2,036 7,600 16,335 17,466 20,533 20,772 18,286 Commercial banks 15,236 11,767 9,879 8,664 8,297 8,243 8,323 10,146 Private nonguaranteed 1,418 3,799 6,529 6,455 6,968 7,198 10,974 14,937 Bonds 0 50 836 801 796 1,296 3,115 4,482 Commercial banks and other 1,418 3,749 5,693 5,654 6,172 5,902 7,859 10,455 Memo: IBRD 8,300 10,671 7,667 7,502 7,827 7,434 6.757 6,012 IDA 1.774 2.105 2,685 2,916 3,196 3,415 3,344 3,543 Public sector LDOD 116,448 142,375 114,304 122,776 130,581 133,696 113,001 Private sector LDOD 1,583 4,227 6,895 6,763 7,290 7,495 11,307 DISBURSEMENTS 13,258 11,534 9,628 13,998 12,424 14,431 17,305 16,603 Public and publicly guaranteed 13,169 11,036 8,214 12,232 10,742 12,961 10,663 10,763 Official creditors 5,721 6,041 3,355 3,379 4,460 3,895 4,708 5,853 Multilateral 2,380 3,561 1,871 2,415 2,899 2,545 3,396 3,095 Concessional 242 815 525 570 644 760 854 1,087 Bilateral 3,341 2,480 1,484 964 1,561 1,349 1.312 2,758 Concessional 1,864 2,129 781 745 1,350 1,141 1,043 2,395 Private creditors 7,448 4,995 4,859 8,854 6,281 9.066 5,955 4,910 Bonds 0 888 2,031 6,070 2,675 5,754 2,645 844 Commercial banks 727 1,006 1,347 1,345 1,215 1,373 2,241 3,845 Private nonguaranteed 89 498 1,413 1,766 1,682 1,470 6,643 5,840 Bonds 0 50 115 140 160 750 2,084 378 Commercial banks and otber 89 448 1,298 1,626 1,522 720 4,559 5,462 Memo: lBRD 1,164 1,455 532 501 577 439 895 595 IDA 37 128 118 155 148 177 202 185 PRINCIPAL REPAYMENTS 12,221 11,691 11,342 11,694 14,083 15,504 15,199 25,371 Public and publicly guaranteed 12,044 11,184 10,567 9,695 12,501 14,058 13,262 22,299 Official creditors 4,257 7,393 5,863 5,590 6,345 7,343 7,534 15,241 Multilateral 1,304 2,049 2,039 2,669 3,275 3,485 3,475 3,460 Concessional 141 186 377 447 571 560 604 664 Bilateral 2,954 5,343 3,824 2,920 3,070 3,858 4,059 11,781 Concessional 1,597 710 1,478 1,883 1,842 2,326 2,472 3,365 Private creditors 7,787 3,791 4,704 4,106 6,156 6,715 5,728 7,058 Bonds 76 278 896 925 1,981 2,941 1,883 3,305 Commercial banks 1,956 790 1,455 1,492 2,305 1,649 1,727 2,051 Private nonguaranteed 177 507 775 1,998 1,581 1,445 1,938 3,072 Bonds 0 0 50 275 165 250 265 206 Commercial banks and other 177 507 725 1,723 1,416 1,195 1,673 2,866 Memo: lBRD 761 1,118 872 854 958 1,148 1,030 1,578 IDA 14 28 45 61 68 73 76 65 INTEREST PAYMENTS (LINT) 4,578 6,670 5,165 5,173 5,548 4,880 5,002 5,478 Public and publicly guaranteed 4,474 6,446 4,852 4,952 5,308 4,538 4,390 4,708 Official creditors 2,077 4,271 3,120 3,155 3,278 2,525 2,395 2,453 Multilateral 860 1,373 1,307 1,223 1,118 1,022 970 871 Concessional 56 116 188 217 233 243 248 253 Bilateral 1,217 2,898 1,813 1,932 2,160 1,503 1,425 1,582 Concessional 438 962 756 1,105 1,391 763 688 820 Private creditors 2,397 2,176 1,733 1,796 2,030 2,012 1,995 2,254 Bonds 124 88 474 1,101 1,372 1,352 1,346 1,337 Commercial banks 851 721 649 319 277 267 307 549 Private nonguaranteed 104 224 313 222 240 342 613 770 Bonds 0 0 69 83 73 87 188 193 Commercial banks and other 104 224 244 139 167 255 424 577 Memo: lBRD 598 750 603 454 392 323 309 243 IDA 12 IS 20 21 22 28 28 22 15 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 Buro .. .. 29.4 31.0 31.2 Japanese yen 7.3 9.8 10.8 9.7 10.4 9.5 9.0 Pound sterling 1.7 1.2 0.9 1.3 1.5 1.6 1.6 Swiss franc 1.2 1.0 1.I 1.5 1.7 1.6 1.5 U.S.dollars 44.8 42.6 50.5 51.2 45.6 45.2 44.3 Total amount rescheduled 4,565 8.947 340 290 564 258 286 Debt stock rescheduled 2,732 3,178 0 0 0 0 0 Principal rescheduled 1.038 4,934 210 121 255 134 198 Official 678 696 167 101 234 113 114 Private 359 4,237 43 20 21 21 84 Interest rescheduled 218 526 73 106 176 96 88 Official 136 131 55 76 126 86 77 Private 82 395 19 31 51 10 II Debt forgiven 10,614 357 179 I 58 116 66 Memo: interest forgiven 2,481 7 0 0 5 14 50 Debt stock reduction 0 13 120 66 8 30 9,832 of which debt 0 0 85 0 0 0 0 Total change in debt stocks -3,781 6.966 -10,521 7,482 11.059 Net flows on debt 2,330 3.683 -3,795 1,424 921 -6,939 valuation 5,331 2,151 -4,077 7,561 ALL CREDITORS Interest (%) 7.4 5.9 5.9 5.2 3.3 4.6 4.4 Maturity (years) 13.6 14.8 13.0 12.4 14.0 11.9 12.8 Grace period (years) 4.0 4.5 4.8 4.0 4.6 1.3 4.5 Grant element (%) 15.8 22.8 23.0 26.3 33.8 28.2 29.0 Official creditors Interest (%) 5.5 5.3 4.6 3.3 3.6 2.7 3.0 Maturity (years) 21.5 IS.I IS.7 17.6 17.3 18.9 19.1 Grace period (years) 6.3 5.0 5.3 4.S 4.5 5.0 5.3 Grant element (%) 32.4 28.7 34.5 39.2 37.9 45.6 45.0 Private creditors Interest (%) 8.8 7.0 7.0 6.2 3.0 5.9 5.9 Maturity (years) 7.8 9.2 8.4 9.5 10.4 7.4 6.1 Grace period 2.3 3.6 4.4 3.5 4.S -1.1 3.5 Grant element 3.4 12.6 13.4 19.1 29.3 16.9 12.1 (current prices, US$ billion) Aggregate Net Resource Flows Private Flows Official Flows 35.0 2006 2006 30.0 2005 2005 25.0 ..---' ·- - ~ 1 2004 2004 20.0 15.0 2003 2003 ..-- h 2002 2002 10.0 2001 2001 5.0 ~ ~ 2000 2000 0.0 2000 2001 2002 2003 2004 2005 2006 0.0 5.0 10.0 15.0 20.0 25.0 30.0 -15.0 -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 III Private flows LJ Official flows III Private non-debt flows Private debt flows · Multilateral III Bilateral [J Grants . - -..... ~~~ .-.- ..... ~~ 16 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2005 TOTAL DEBT STOCKS (EDT) 124,396 151,693 160,011 169,013 181,842 195,543 191,479 209,766 Long-term debt (LDOD) 107,527 137,396 152,042 159,602 171,690 182,915 177,441 193,012 Public and publicly guaranteed 105,800 129,094 133.528 138,605 146,628 153,235 141,681 149,171 Pri vale nonguaranteed 1,727 8,301 18,514 20,997 25,062 29,680 35,760 43,841 Use of IMF credit 4,537 5,252 1,918 2,416 2,586 2,423 2,208 2,150 Short-term debt 12,331 9,045 6,051 6,995 7,566 10,205 11,829 14,604 of which interest arrears on LDOD 17 53 112 126 0 21 Official creditors Private creditors 7 II 17 35 14 98 37 90 0 0 ° ° 0 21 0 Memorandum items Principal arrears on LDOD 34 65 222 277 4 0 4 Official creditors 34 21 34 98 4 0 4 Private creditors 1 45 188 179 0 TOTAL DEBT FLOWS ° ° Disbursements 12,098 12,065 14,191 12,210 17,567 26,460 25,045 28,846 Long-term debt 10,223 11,863 13,997 11,742 16,917 26,046 24,789 28,747 IMF purchases 1,875 202 195 468 650 414 256 99 Principal repayments 5,259 11,599 9,784 14,454 17,900 20,517 20,460 14,395 Long-term debt 4,104 9,601 9,301 14,043 17,197 19,834 20,185 14,167 IMF repurchases 1,155 1,998 483 411 703 683 275 228 Net flows on debt 8,389 2,503 3,469 -412 365 8,582 6,188 17,225 of which short-term debt 1.550 2,037 -938 1,832 697 2,639 1,603 2,775 Interest payments (INT) 6,048 6,520 5,655 5,507 7,247 4,595 7,708 7,137 Long -term debt 4,596 5,663 5,273 5,233 7,102 4,300 7,221 6,575 IMF charges 249 233 58 48 31 30 26 17 Short-term debt 1,202 624 323 225 114 265 462 545 Net transfers on debt 2,341 -4,017 -2,186 -5,919 -6,883 3,987 -1,520 10,089 Total debt service paid (TDS) 11,306 18,119 15,439 19,961 25,147 25,112 28,169 21,532 Long-term debt 8,700 15.264 14,574 19,276 24,299 24,134 27,406 20,742 IMF repurchases and charges 1,404 2,231 541 459 734 713 301 246 Short-term debt (interest only) 1,202 624 323 225 114 265 462 545 :\'ET RESOURCE FLOWS 8,991 9,126 13,539 7,984 17,330 25,832 31,689 58,788 Net flow of long-term debt (ex. IMF) 6,119 2.262 4,695 -2,301 -280 6.211 4,604 14,580 Foreign direct investment (net) 542 2,931 4,358 6,705 5,645 7,289 9,869 12,304 Portfolio equity flows 1 1,585 2,381 1,047 8,049 8,788 12,204 10,000 Grants (excluding technical coop.) 2,330 2,348 2,104 2,533 3,917 3,544 5,012 21,904 Memo: technical coop. grants 1,494 1.522 1,038 1,211 1,501 1,472 1,620 1,753 NET TRANSFERS 4,303 3,071 3,377 -3,097 2,996 19,616 21,740 49,013 Interest on long-term debt 4,596 5,663 5,273 5,233 7,102 4,300 7,221 6.575 Profit remittances on FDI 93 392 4,889 5,847 7,232 1,917 2,728 3,200 Gross national income (GNI) 397,223 469,282 597,263 646,147 757,948 871.829 1,003,684 Exports of goods, servo & inc. (XGS) 41,032 70,858 105,544 124,949 149.231 180,221 227,101 Worker remit. & compo of employees 5.572 10,005 17,212 24,155 31.094 31,319 35,558 Imports of goods & services (MGS) 53,127 86,102 116,155 117,364 142,356 156.184 172,101 International reserves (RES) 8,258 30,704 47,221 85,389 122,324 149,907 156,714 Current account balance -9,673 -10,880 -6,218 11,596 10,636 -1,777 -4,419 EDT /XGS (%) 303.2 214.1 151.6 135.3 121.9 108.5 84.3 EDT I GNI (%) 31.3 32.3 26.8 26.2 24.0 22.4 19.1 TDSI XGS (%) 27,6 25.6 14.6 16.0 16.9 13.9 12.4 !NT I XGS (%) 14.7 9.2 5.4 4.4 4.9 2.5 3.4 !NT IGNI (%) 1.5 1.4 0.9 0.9 1.0 0.5 0.8 RES I EDT t%) 6.6 20.2 29.5 50.5 67.3 76.7 81.8 RES I MGS (months) 1.9 4.3 4.9 8.7 10.3 11.5 10.9 Short-term I EDT (%) 9.9 6.0 3.8 4.1 4.2 5.2 6.2 7.0 Concessionall EDT (%) 54.5 54.8 50.2 52.1 52.7 50.8 49.3 46.4 Multilateral I EDT (%) 30.6 37.5 38.1 37.3 36.8 36.1 36.5 34.7 17 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 DEBT OUTSTAJI.'DING (LDOD) 107,527 137,396 152,042 159,602 171,690 182,915 177,441 193,012 Public and publicly guaranteed 105,800 129,094 133,528 138,605 146,628 153,235 141,681 149,171 Official creditors 81,496 103,670 100,762 103,844 110,891 113,735 109,881 113.442 Multilateral 38,068 56,875 61.023 63.109 66,856 70,615 69,978 72,764 Concessional 26,757 39,246 44,397 49,942 54,768 58,501 56,780 58,615 Bilateral 43,427 46,796 39,739 40,735 44,035 43,120 39,903 40,679 Concessional 41,070 43,887 35,914 38,165 41,062 40,809 37,703 38,774 Pri vate creditors 24,304 25,424 32,766 34,761 35,737 39,500 31,800 35,729 Bonds 2,613 3,421 10,903 10,497 8,045 9,320 2,394 4,245 Commercial banks 16,811 14.124 19,579 22,577 26,241 28,994 28,387 30,382 Private nonguaranteed 1,727 8.301 18,514 20,997 25,062 29.680 35,760 43,841 Bonds 0 I ~O65 1,560 1,289 1,136 3;820 7,318 7,447 Commercial banks and other 1,727 7,236 16,954 19,708 23,925 25.861 28,442 36,394 Memo: mRO 9,646 13,035 10,210 7,848 6,943 7,326 7,795 8,135 IDA 21,071 29,001 31,963 36,501 40,257 43,159 42,534 44,675 Public sector LOOO 105,033 128,421 132,764 138,002 146,207 152,849 141,502 Private sector LOOO 2,494 8,975 19,277 21,600 25,483 30,067 35.939 DISBURSEMENTS 10,223 11,863 13,997 11,742 16,917 26,046 24,789 28,747 Public and publicly guaranteed 9,970 9,929 13,410 8,815 11,508 16,596 11,887 13,169 Official creditors 6,904 6,378 6,129 5,908 6,558 6,978 7,439 6.900 Multilateral 4,402 3,975 4,347 4,429 4,605 4,918 5,556 4,571 Concessional 2,327 2,280 2,390 2,895 2,493 3,118 3.354 2,783 Bilateral 2,501 2,403 1.782 1.479 1,953 2.060 1,883 2,329 Concessional 1,939 2,093 1.327 1,259 1,802 1.919 1,774 2,154 Ptivate creditors 3,066 3,551 7,281 2,907 4,949 9,618 4,448 6,269 Bonds 427 86 5.512 0 1,348 4,210 1,444 1,890 Commercial banks 2,072 1,901 940 2,779 3,456 5,320 2,950 3,984 Private nonguaranteed 252 1,934 586 2,927 5,409 9,449 12,902 15,578 Bonds 0 520 0 100 210 2,920 4,825 1,387 Commercial banks and other 252 1,414 586 2,827 5,199 6,530 8,078 14,192 Memo: mRO 1,576 860 866 681 920 819 1,155 1,062 IDA 1.558 1.374 1,655 2,248 1,874 2,577 2,527 2,074 PRINCIPAL REPAYMENTS 4,104 9,601 9,301 14,043 17,197 19,834 20,185 14,167 Public and publicly guaranteed 3,745 9,103 8,594 11,271 14,336 15,364 14,350 6,669 Official creditors 2,378 5,764 5,353 8,407 8,166 5,697 4,053 4,304 Multilateral 1,009 2,227 2,827 6,427 5,210 3,134 2,264 1,948 Concessional 239 470 800 957 1,110 1,268 1,315 1,193 Bilateral 1,369 3,537 2,526 1,979 2,956 2,563 1,790 2,357 Concessional 1,225 3,017 1,919 1,572 2,534 1,894 1,443 1,865 Pri vate creditors 1,367 3,339 3,241 2,865 6,169 9,667 10,297 2,365 Bonds 280 319 50 320 4,299 2,950 8,234 39 Commercial banks 371 1,992 2,843 2,298 1,718 6,359 ],883 2,010 Private nonguaranteed 359 498 707 2,772 2,862 4,471 5,835 7,498 Bonds 0 0 35 490 358 85 903 1,258 Commercial banks and other 359 498 672 2,282 2,504 4,386 4,932 6,240 Memo: mRO 553 1,173 1,232 3,283 2,148 515 535 502 IDA 151 318 548 691 803 895 960 843 INTEREST PAYMENTS (LINT) 4,596 5,663 5,273 5,233 7,102 4,300 7,221 6,575 Public and publicly guaranteed 4,448 5,000 4,392 4,050 5,612 3,187 5,692 4,416 Official creditors 2.179 2,933 2,264 2,125 1,843 1,733 1.734 1,950 Multilateral 1,065 1,640 1,366 1,227 942 810 942 859 Concessional 198 318 361 387 418 483 492 387 Bilateral 1,114 1,293 898 898 902 922 793 1,091 Concessional 952 1,113 686 748 802 786 701 945 Private creditors 2,269 2,067 2,127 1,925 3,769 1,455 3,957 2,466 Bonds 180 194 210 396 1,430 255 2,690 177 Commercial banks 1,806 1,315 1,809 1,479 2,310 1,175 1,251 2,244 Private nonguaranteed 148 663 881 1,183 1,490 1,112 1,529 2,159 Bonds 0 58 227 127 65 102 177 679 Commercial banks and other 148 604 655 1.056 1,424 1,010 1,352 1,480 Memo: mRO 752 995 614 468 284 186 288 323 IDA 149 215 236 254 282 333 340 271 18 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 '6. C~Cyro~1T10N·~.LONS~1'EJWOOB1'·(P.Im~·· Euro 6.5 6.3 6.0 Japanese yen 12.5 16.8 14.8 15.1 16.4 15.7 15.8 Pound sterling 5.0 3.6 2.8 2.5 2.1 1.9 1.8 Swiss franc 0.5 0.7 0.3 0.3 0.2 0.2 0.2 U.S.dollars 54.1 46.2 57.1 60.1 61.7 62.4 62.4 Total amount rescheduled o o 918 157 10 0 227 Debt stock rescheduled o o 29 o o 0 0 Principal rescheduled o o 653 o 1 0 210 Official o o 575 o 1 0 210 Private o o 78 o o 0 0 Interest rescheduled o o 236 146 7 0 5 Official o o 200 145 7 0 4 Private o o 37 o o 0 0 Debt forgiven o 7 9 o 115 146 2 Memo: interest forgiven o o o o 13 16 0 Debt stock reduction o o o 300 702 482 0 of which debt buyback ·.·. ·. · ··.··· .......T:~B:....O}\t:utpNc:,n;I.4.,Iq:!'I\·· Total change in debt stocks 13,104 -4,311 -1,970 11,677 12,829 13,701 -4,064 Net flows on debt 8,389 2,503 3,469 -412 365 8,582 6,188 17,225 Cross-currency valuation 1,586 -8,068 -8,300 7,791 9,625 2,756 -8,256 "'f~ ~~~~"*:R)lSor:~'W CO~"~" ALL CREDITORS Interest (%) 4.7 4.0 4.6 2.2 1.8 2.2 2.7 Maturity (years) 24.2 22.8 13.0 24.9 24.1 24.1 22.8 Grace period (years) 7.8 7.1 5.4 7.2 7.0 6.9 6.8 Grant element (%) 40.2 42.4 27.8 56.3 58.0 55.3 50.4 Official creditors Interest (%) 3.7 3.7 5.0 2.1 1.5 1.8 2.4 Maturity (years) 28.9 25.8 23.4 26.5 27.0 28.7 26.9 Grace period (years) 8.1 7.6 6.3 7.4 7.5 7.4 7.5 Grant element (%) 51.0 47.1 36.5 58.8 63.5 63.1 57.8 Private creditors Interest (%) 6.8 5.8 4.3 2.8 3.2 3.7 4.1 Maturity (years) 14.8 6.0 5.4 6.8 6.5 7.1 4.2 Grace period (years) 7.1 3.9 4.6 4.1 4.6 4.8 3.9 Grant element (%) 18.8 15.7 21.5 28.3 25.7 26.4 17.2 It·.~G~~ii~Q.S-A"*·NEt~(m.rt~lt§···.··· (current prices, US$ billion) .-iii? ----------------- Aggregate Net Resource Flows Private Flows Official Flows 70.0 --c- n - - - - - - - - - - 2006 2006 60.0 2005 2005 50.0 2004 2004 40.0 i 2003 2003 30.0 2002 2002 20.0 2001 2001 10.0 2000 2000 0.0 2000 2001 2002 2003 2004 2005 -5.0 0.0 5.0 10.0 15.0 20.0 25.0 -5.0 0.0 5.0 10.0 15.0 20.0 25.0 III Private flows [I Official flows III Private non-debt flows CJ Private debt flows t ___ III Multilateral III Bilateral [JGrants 19 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 176,568 235,283 211,213 211,670 230,707 237,768 214,841 172,773 Long-term debt (LDOD) 149,398 186,032 172,670 176,833 193,814 197,616 176,743 134,332 Public and publicly guaranteed 144,122 174,229 16L294 164,347 178,658 183,150 163,773 115,711 Private nonguaranteed 5,276 11,804 1l,376 12,486 15,156 14,466 12,970 18,622 Use of IMF credit 6,612 8,673 6,739 7,009 7,244 7,238 5,947 3,298 Short-term debt 20,558 40,578 31,803 27,829 29,649 32,914 32,150 35,143 of which interest arrears on LOOD 9,335 20,465 12,960 12,836 15,607 17,320 13.401 Official creditors 6,418 15,989 10,041 9,636 12,279 13,527 9,532 Private creditors 2,916 4,476 2,919 3,200 3,328 3,793 3,870 Memorandum items Principal arrears on LOOD 17.778 41,224 25,840 24,639 27,322 27,439 24,686 Official creditors 9,895 28,742 19,328 17,630 19,952 19,786 17,390 Pri vale creditors 7,883 12.482 6,513 7,010 7,370 7,653 7,295 TOTAL DEBT FLOWS Disbursements 10,333 14,028 10,090 11,492 13,062 12,383 14,579 22,399 Long-term debt 9,673 11,034 9,566 10,268 12,663 11.721 14,256 22,112 IMF purchases 660 2,994 525 1,224 399 662 323 287 Principal repayments 5,578 9,425 9,031 9,561 9,090 9,121 12,815 16,885 Long-term debt 4,628 7,052 8,569 8,802 8,641 8,330 12,068 16,684 IMF repurchases 951 2,372 462 759 449 791 747 202 Net flows on debt 7,033 7,569 -52 135 3,022 4,815 4,919 8,791 of which short-term debt 2,278 2,965 -I,ll! -1,795 -951 1,553 3,154 3,276 Interest payments (lNT) 5,302 5,354 4,482 3,456 3,630 3,662 8,267 6,636 Long-term debt 4,358 3,976 3,328 2,830 3,169 3,175 7.578 5,872 IMFcharges 238 559 43 143 28 30 27 32 Short-term debt 705 819 1,111 483 433 458 663 732 Net transfers on debt 1,732 2,215 -4,534 -3,320 -609 1,153 -3,348 1,835 Total debt service paid (TDS) 10,880 14,779 13,513 13,017 12,721 12,783 21,082 23,522 Long-term debt 8,986 11,028 11.897 11,632 11,810 11,505 19,645 22,555 IMF repurchases and charges 1,189 2,931 505 902 478 821 774 234 Short-term debt (interest only) 705 819 1,111 483 433 458 663 732 NET RESOURCE FLOWS 18,580 22,771 21,952 25,376 41,375 46,626 56,841 64,663 Net flow of long-tenn debt (ex. IMF) 5,046 3,982 997 1.466 4,023 3,391 2,189 5,428 Foreign direct investment (net) 1,210 4,520 6,797 10,309 14,562 12,352 16,559 16,883 Portfolio equity flows 393 2,954 4,157 -364 737 6,669 7,379 12,500 Orants (excluding technical coop.) 11,931 11,316 lO,OOI 13,965 22,053 24,215 30,715 29,852 Memo: technical coop. grants 5,003 4,948 3,583 4,403 5,100 5,390 5,766 7,049 NET TRANSFERS 11,361 14,885 10,741 13,422 25,641 29,909 28,874 35,491 Interest on long-term debt 4,358 3,976 3,328 2,830 3,169 3,175 7,578 5,872 Profit remittances on FDI 2,861 3,910 7,882 9,125 12.565 13,543 20,389 23,300 Gross national income (ONI) 283.492 303,053 318,343 326,953 405,337 492,831 580,897 Exports of goods, servo & inc. (XOS) 79.984 92,957 118,382 119,395 150,371 190,797 241,487 Worker remit. & compo of employees 1,767 3,177 4,613 4,986 5,816 7,630 8,712 Imports of goods & services (MOS) 86.355 109,997 119,099 128,279 160,674 193,677 240,053 International reserves (RES) 15,363 20.652 36,679 37,728 41,395 63,213 84,396 Current account balance -957 -10,120 4,024 -1,714 -1,779 6,969 14,180 ~bm~ttAt(). EDT/XOS (%) 220.8 253.1 178.4 177.3 153.4 124,6 89.0 EDT IONI(%) 62.3 77.6 66.3 64.7 56.9 48.2 37.0 TDS I XOS (%) 13.6 15.9 11.4 10.9 8.5 6.7 8.7 INT I XOS (%) 6.6 5.8 3.8 2.9 2.4 1.9 3.4 !NT I ONI (%) 1.9 1.8 1.4 l.l 0.9 0.7 1.4 RES I EDT (%) 8.7 8.8 17.4 17.8 17.9 26.6 39.3 RES I MOS (months) 2.1 2.3 3.7 3.5 3.1 3.9 4.2 Short-term I EDT (% ) 11.6 17.2 15.\ \3.1 12.9 13.8 15.0 20.3 Concessional! EDT (% ) 33.1 34.4 39.1 42,8 49.3 50.! 49.3 39.6 Multilateral! EDT (%) 21.6 23.2 25.9 28.9 30.0 31.9 34.1 25.3 20 SUB·SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 DEBT OUTSTANDING (LDOD) 149,398 186,032 172,670 176,833 193,814 197,616 176,743 134,332 Public and publicly guaranteed 144,122 174,229 161,294 164,347 178,658 183,150 163,773 115,711 Official creditors 108,599 137,780 135,331 138,654 153,071 155,845 133,661 86,282 Multilateral 38,152 54,571 54,710 61,225 69,255 75,960 73,317 43,777 Concessional 24,010 38,943 45,442 53,017 60,509 67,242 65,937 36,943 Bilateral 70,448 83,210 80,621 77,429 83,816 79,884 60,344 42,505 Concessional 34,396 41,911 37,108 37,609 53,318 51,950 39,959 31,441 Private creditors 35,522 36,448 25,963 25,694 25,587 27,305 30,113 29,429 Bonds 301 4,784 9,150 10,693 10,974 11,146 10,918 8,796 Commercial banks 13,846 12,551 8,404 7,081 7,366 10,108 13,470 15,041 Private nonguaranteed 5,276 11,804 11,376 12,486 15,156 14,466 12,970 18,622 Bonds 0 350 1,360 3,823 8,180 8,766 8,960 10,326 Commercial banks and other 5,276 11,454 10,016 8,662 6,976 5,699 4,010 8,296 Memo: IBRD 9,160 7,626 3,473 2,721 2,674 2,476 2,015 1,845 IDA 15,756 27,895 33,621 39,368 45.198 49,726 48,492 23,664 Public sector LOOD 143,951 174,119 160,386 163,811 178,467 183,362 164,165 Private sector LDOD 5,447 11,914 12,284 13,022 15,347 14,254 12,578 DISBURSE~IENTS 9,673 11,034 9,566 10,268 12,663 11,721 14,256 22,112 Public and publicly guaranteed 9,043 10,286 7,447 8,693 8,443 10,358 12,251 11,157 Official creditors 7,145 5,895 4,129 4,737 4,660 6,003 5,915 6,025 Multilateral 4,542 4,207 3,357 4,021 4,010 4,891 4,896 4,205 Concessional 2,760 3,185 3,000 3,774 3,537 4,462 4,544 3,886 Bilateral 2,603 1,689 772 716 651 1,112 1,019 1,820 Concessional 2,057 1,552 630 604 396 566 902 1,553 Private creditors 1,898 4,390 3,318 3,956 3,782 4,355 6,336 5,131 Bonds 0 541 765 2,472 1,414 1,000 0 1,694 Commercial banks 378 1,623 1,752 1,365 2,024 3,029 5,990 3,127 Private nonguaranteed 630 748 2,119 1,574 4,221 1,363 2,005 10,955 Bonds 0 350 712 1,554 4,174 764 1,679 2,573 Commercial banks and other 630 398 1,407 21 47 599 327 8,382 Memo: IBRD 808 274 75 55 71 33 14 36 IDA 2,027 2,392 2,193 2,860 2,744 3,036 2,943 2,486 PRINCIPAL REPAYMENTS 4,628 7,052 8,569 8,802 8,641 8,330 12,068 16,684 Public and publicly guaranteed 4,162 5,807 7,167 5,887 6,583 6,390 8,864 12,031 Official creditors 2,545 2,977 3,448 2,615 3,161 3,942 6,178 7,948 Multilateral 1,346 2,015 1,629 1,453 1,270 1,445 1,320 1,711 Concessional 269 434 541 545 471 577 562 875 Bilateral 1,199 962 1,819 1,162 1,891 2,498 4,858 6,237 Concessional 309 430 822 654 931 1,120 2,579 3,604 Private creditors 1,617 2,830 3,719 3,272 3A22 2,448 2,686 4,083 Bonds 31 40 480 941 778 370 1 1,742 Commercial banks 999 1,261 2,443 1,478 1,574 1,469 2,163 1,674 Private nonguaranteed 466 1,245 1,402 2,915 2,058 1,940 3,204 4,652 Bonds 0 0 0 350 250 145 1.273 1,207 Commercial banks and other 466 1,245 1,402 2,565 1,808 1,795 1,931 3,445 Memo: IBRD 719 1,055 550 459 391 339 286 298 IDA 51 120 226 304 223 250 249 427 INTEREST PAYMENTS (LINT) 4,358 3,976 3,328 2,830 3,169 3,175 7,578 5,872 Public and publicly guaranteed 4,027 3,471 2,922 2,297 2,521 2,554 6,850 4,866 Official creditors 2,705 2,008 1,833 1,424 1,512 1,634 5,902 3,587 Multilateral 1,110 1,234 842 885 764 844 760 702 Concessional 162 254 312 420 365 475 487 404 Bilateral 1,595 774 991 539 748 790 5,142 2,885 Concessional 558 358 300 257 345 397 3,179 748 Private creditors 1,322 1,463 1,089 872 1,009 920 948 1,279 Bonds 13 322 561 500 589 584 517 490 Commercial banks 615 457 302 186 196 153 264 598 Private nonguaranteed 331 505 406 533 649 621 728 1,006 Bonds 0 0 41 160 338 354 459 546 Commercial banks and other 331 505 365 373 311 267 268 460 Memo: IBRD 649 629 213 200 113 77 54 39 IDA 97 178 199 285 238 317 314 225 21 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 Euro .. .. 23.1 22.4 18.2 Japanese yen 4.1 5.6 4.1 4.1 6.0 4.9 3.6 Pound sterling 5.5 3.9 2.1 2.0 4.8 5.0 4.3 Swiss franc 2.3 2.1 1.5 1.6 2.1 2.0 1.9 U.S.dollars 36.7 41.0 61.6 61.8 49.1 50.5 55.5 Total amount rescheduled 5,987 3,285 22,646 5,977 946 3,637 1,136 Debt stock rescheduled 91 142 73 342 302 150 23 Principal rescheduled 3,961 1,772 13,117 2,729 321 2,218 762 Official 2,693 1,282 11.087 2,568 292 2.137 758 Private 1,268 490 2,030 162 29 81 4 Interest rescheduled 1,722 727 9,033 1,614 169 968 267 Official 1,376 625 8,480 1,561 164 929 265 Private 345 102 553 53 4 39 2 Debt forgiven 1,602 1,302 629 3,734 1.472 4,153 8,961 Memo: interest forgiven 87 214 297 1,921 391 744 156 Debt stock reduction 1.262 367 479 970 1,108 2,443 1.505 of which debt () 29 137 452 0 0 0 Total change in debt stocks 19,745 14,354 -3,096 8,512 19,036 7,061 -22,927 Net flows on debt 7,033 7,569 -52 135 3,022 4,815 4.919 8,791 valuation 7,672 848 -6,673 8,602 10,452 6,347 -12,859 ALL CREDITORS Interest (%) 4.3 3.7 3.1 3.9 2.5 2.0 3.3 Maturity (years) 25.4 22.4 24.4 23.4 22.8 22.0 20.8 Grace period (years) 6.9 5,4 6.2 6.8 6.6 5.1 5.0 Grant element (%) 43.3 42.9 48.5 42.8 48.1 48.9 42.0 Official creditors Interest (% ) 3.5 1.8 l.l 2.8 1.2 1.4 1.3 Maturity (years) 28.4 31.7 36.6 31.0 36.2 29.5 35.0 Grace period (years) 7.7 8.7 9.2 7.9 8.8 6.2 7.8 Grant element (%) 50.9 65.8 73.9 56.7 72.1 63.2 70,4 Private creditors Interest (0/0) 8.1 5.7 5.8 6.0 4.0 3.2 5.6 Maturity (years) 11.6 12.4 7.8 8.3 7.7 7.0 5.7 Grace period (years) 2.7 1.9 2.1 4.5 4.1 2.9 2.0 Grant element 7.8 18.4 13.8 15,4 20.9 20.0 11.8 (current prices, US$ billion) - - -.. -~ ----~ ... .... _ - _ . Aggregate Net Resource Flows Private Flows Official Flows 70.0 ;"-'---, 2006 2006 60.0 + 2005 2005 , 50.0 I 2004 2004 140.0 ' ~::==--~ I I 2003 R 2003 ·'1 .~=-. · ____ . , ~ " d 2002 2002 20.0 I T ~-] i 2001 2001 10.0 I ,-""=::::1 2000 2000 ..~ 0.0 , 2000 2001 2002 2003 2004 2005 2006 ,5.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 '10.0 0.0 10.0 20.0 30.0 40.0 III Priva1e flows c1 Official flows III Private non,debt flows U Private debt flows III Multilateral III Bilateral [J Grants -~ .......- - - 22 LOW·INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 TOTAL DEBT STOCKS (EDT) 309,885 366,348 346,701 358,826 388,565 408,467 379,239 352,088 Long-term debt (LDOD) 266,712 313,674 311,418 323,226 349,552 363,826 338,595 310,371 Public and publicly guaranteed 259,250 298,375 286,664 296,678 319,850 329,805 298,209 261,212 Private nonguaranteed 7,462 15,299 24,754 26,548 29,701 34,021 40,385 49,159 Use of IMF credit 10,671 13,113 9,419 10,118 10,391 10,114 8,322 5,771 Short·term debt 32,502 39,560 25,865 25,482 28,622 34,527 32,323 35,946 of which interest arrears on LDOD 10,678 21.893 11,918 11,874 14,387 16,529 12,580 Official creditors 7,350 17,854 9,820 9,483 11,813 13,738 9,829 Private creditors 3,328 4,038 2,098 2,391 2,574 2,791 2,751 Memorandum items Principal arrears on LDOD 19,964 48,900 25,482 24,037 26,289 27,769 25,097 Official creditors 11,719 38,398 21,711 20,096 22,075 23,257 20.805 Private creditors 8,245 10,502 3,772 3,941 4,213 4,512 4,292 TOTAL DEBT FLOWS Disbursements 20,827 22,885 21,181 19,384 24,907 34,905 33,756 37,849 Long-term debt 18,307 19,325 20,460 17,758 23,901 33,857 33,293 37,462 IMF purchases 2,520 3,560 721 1,626 1,006 1,048 463 387 Principal repayments 10,181 18,840 15,401 20,015 23,651 26,035 28,673 24,850 Long-term debt 8,169 14,509 14,351 18,719 22,353 24,458 27,506 24,486 1MF repurchases 2,012 4,332 1,050 1,296 1,298 1,577 1,168 363 Net flows on debt 13,908 7,236 4,297 513 1,883 12,632 6,828 16,537 of which short-tenn debt 3,263 3.192 -1,483 1,143 627 3,762 1,746 3,572 Interest payments (INT) 10,745 10,097 8,761 7,770 9,388 6,851 14,505 9,961 Long-term debt 8,515 8,418 7,801 7,139 9,039 6,326 13,722 9,032 IMF charges 439 756 122 195 62 59 45 41 Short-term debt 1,790 922 838 436 288 466 738 888 Net transfers on debt 3,163 -2,861 -4,464 -7,257 -7,505 5,781 -7,677 6,288 Total debt service paid (TDS) 20,926 28,937 24,162 27,785 33,039 32,886 43,179 34,811 Long-term debt 16,684 22,927 22,152 25,858 31,392 30,785 41,228 33,518 IMP repurchases and charges 2,451 5,088 1.172 1,491 1,360 1,635 1,213 404 Short-term debt (interest only) 1,790 922 838 436 288 466 738 888 NET RESOURCE FLOWS 26,002 28,613 31,091 30,720 49,794 62,827 72,640 Net flow oflong-term debt (ex.IMF) 10,138 4,816 6,109 -961 1,548 9,399 5,787 Foreign direct investment (net) 2,343 7,878 10,147 14,474 15,038 17,329 20,522 Portfolio equity flows 7 1,597 2,378 1,120 8.226 8,877 12,471 Grants (excluding technical coop.) 13,530 14,322 12,457 16,086 24,983 27,223 33,860 Memo: technical coop. grants 6,274 6,523 4,873 5,923 6,843 7,343 7,935 NET TRANSFERS 16,048 17,194 14,322 12,505 26,110 47,010 44,406 Interest on long-term debt 8,515 8,418 7,801 7,139 9,039 6,326 13,722 Profit remittances on FDI 1,438 3,001 8.968 11,076 14,645 9,491 14,513 Gross national income (GNI) 579,036 645,952 815.150 892,866 1.025,422 1,179,993 1,372,201 Exports of goods, servo & inc. (XGS) 87,697 126,253 188,252 214,506 260,294 323,186 408,664 Worker remit. & compo of employees 7,664 12,776 21,792 32,058 39,651 42,301 48,188 Imports of goods & services (MGS) 110,048 159,875 200,896 217,610 265,299 297,032 344,109 International reserves (RES) 17,079 41,563 73,458 116,101 157,963 200,534 220,973 Current account balance -11,481 -17,246 -1,109 8,963 8,387 9,788 14,455 EDT/XGS(%) 353.4 290.2 184.2 167.3 149.3 126.4 92.8 EDT I GNI (%) 53.5 56.7 42.5 40.2 37.9 34.6 27.6 TDS/XGS (0/0) 23.9 22.9 12.8 13.0 12.7 10.2 10.6 !NT I XGS (%) 12.3 8.0 4.7 3.6 3.6 2.1 3.5 INT IGNI (%) 1.9 1.6 I.l 0.9 0.9 0.6 1.1 RES I EDT (%) 5.5 11.3 21.2 32.4 40.7 49.1 58.3 RES I MGS (months) 1.9 3.1 4.4 6,4 7.1 8.1 7.7 Short-term! EDT (%) 10.5 10.8 7.5 7.1 7.4 8.5 8.5 10.2 Concessional! EDT (%) 47,6 49.8 49.5 53.2 57.4 56.7 56.7 51.6 Multilateral! EDT (%) 24,2 29.9 33.9 35.6 36.3 37,2 39.3 35.3 23 LOW-INCOME COUNTRIES (U5$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 DEBT OUTSTANDING (LDOD) 266,712 313,674 311,418 323,226 349,552 363,826 338,595 310,371 Public and publicly guaranteed 259,250 298,375 286,664 296,678 319,850 329,805 298,209 261,212 Official creditors 205,552 252,641 239,195 249,071 270,938 277,166 253,377 213,936 Multilateral 75,001 109,586 117,628 127,881 141,084 151,925 149,182 124,150 Concessional 51,557 78,437 92,657 107.156 120,997 131,835 129,218 103,678 Bilateral 130,551 143,054 121,567 121,190 129,853 125,242 104,195 89,786 Concessional 95,820 103,839 78,928 83,777 102,141 99,855 85,732 77,982 Pri vale creditors 53,698 45,735 47,469 47.607 48,913 52,639 44,832 47,276 Bonds 2,952 5,600 15.798 14.781 12,326 13,588 7,385 7,768 Commercial banks 29,986 21,259 24,306 26,198 29,967 32,908 31,970 34,276 Private nonguaranteed 7,462 15,299 24,754 26,548 29,701 34,021 40,385 49,159 Bonds 0 1,065 1,810 1.539 1,136 3,720 7,218 7,347 Commercial banks and other 7,462 14,234 22,944 25,009 28,565 30,301 33,167 41,811 Memo: lBRD 17,718 19,914 13,613 10,748 9,842 10,072 10,106 10,327 IDA 37,400 57,336 67,308 78,409 88,775 96,843 95,180 73,857 Public sector LDOD 258,430 297,591 285,947 296,271 319,552 329,664 298,339 Private sector LDOD 8,282 16,083 25,470 26,954 29,999 34,162 40.256 DISBURSEMENTS 18,307 19,325 20,460 17,758 23,901 33,857 33,293 37,462 Public and publicly guaranteed 17,191 16,980 19,886 14,571 18,001 24,044 19,698 19,895 Official creditors 13,123 12,473 11,730 11,312 12,322 13,846 14,080 13,180 Multilateral 8,733 8,541 8,325 8,939 9,356 10,508 11,169 9,294 Concessional 5,089 5,758 5,941 7,211 6,869 8,349 8,690 7,234 Bilateral 4,390 3,933 3,405 2,374 2,966 3,337 2,910 3,885 Concessional 3,653 3,386 2,725 2,070 2,558 2,942 2,600 3,725 Private creditors 4,069 4,506 8,156 3,258 5,679 10,199 5,619 6,715 Bonds 427 86 5,512 1,348 4,210 2,194 1,890 Commercial banks Private nonguaranteed 2,207 1,116 2,431 2,345 1,170 574 ° 2,947 3,188 3,619 5,900 5,509 9,813 3,1l1 13,594 4,365 17,567 Bonds 0 520 100 210 2,820 4,825 1,387 Commercial banks and other Memo: 1,116 1,825 ° 574 3,088 5,690 6,993 8,770 16.180 lBRD 2,351 1.296 990 722 966 857 1,200 1,108 IDA 3,577 3,858 4,094 5,379 5,156 6,1l2 5,905 4,914 PRINCIPAL REPAYMENTS 8,169 14,509 14,351 18,719 22,353 24,458 27,506 24,486 Public and publicly guaranteed 7,288 13,464 13,034 15,451 18,786 19,328 21,083 16,338 Official creditors 4,724 8,823 8,387 10,815 11,376 8,892 10,051 11,778 Multilateral 2,224 4,105 4,317 7,771 6,345 4,440 3,476 3,501 Coneessional 539 968 1,340 1,480 1,568 1,862 1,894 2,091 Bilateral 2,499 4,718 4,070 3,044 5,031 4,451 6,575 8,277 Coneessional 1,531 3,506 2,511 2,202 3,665 2,628 4,081 5,485 Private creditors 2,565 4,641 4,648 4,636 7,411 10,437 1 ),032 4,560 Bonds 311 381 46 772 4,299 2,963 8,260 1,506 Commercial banks 1,163 2,309 3,589 3,072 2,155 6,529 1,985 2,134 Private nonguaranteed 880 1,045 1,317 3,268 3,567 5,130 6,423 8,149 Bonds 0 0 35 490 608 85 903 1,258 Commercial banks and other 880 1,045 1,282 2,778 2,959 5,045 5,520 6,891 Memo: lBRD 1,177 2,077 1,712 3,683 2.489 823 808 719 IDA 203 452 771 974 1,006 \,170 1,213 1,287 INTEREST PAYMENTS (LINT) 8,515 8,418 7,801 7,139 9,039 6,326 13,722 9,032 Public and publicly guaranteed 7,992 7,496 6,646 5,744 7,426 5,059 12,007 6,622 Official creditors 4,579 4,695 3,859 3,492 3,329 3,358 7,697 3,850 Multilateral 2,030 2,786 2,143 2,104 1,689 1,628 1,724 1,571 Concessional 369 598 689 828 826 1,032 1,043 837 Bilateral 2,549 1,909 1,716 1.388 1,640 1,730 5,973 2,279 Concessional 1,430 1,368 952 1,085 1,229 1,243 3,934 1,745 Private creditors 3,413 2,801 2,786 2,252 4,097 1,701 4,310 2,772 Bonds 196 330 508 544 1,540 365 2,877 320 Commercial banks 2,347 1,419 2,001 1.547 2,363 1,197 1,293 2,290 Private nonguaranteed 524 922 1,155 1,395 1,613 1,267 1,715 2,410 Bonds 58 240 141 65 95 170 672 Commercial banks and other Memo: ° 524 863 915 1,254 1,548 1,172 1,545 1,738 lBRD 1,312 1,546 814 664 401 267 351 374 IDA 250 404 442 547 533 693 690 526 24 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) Euro .. .. 12.6 12.2 10.0 Japanese yen 8.2 11.5 10.8 ILl 12.8 12.0 11.5 Pound sterling 4.8 3.5 2.3 2.1 3.4 3.4 2.9 Swiss franc 1.6 1.4 0.9 0.9 1.2 1.1 1.0 U.S.dollars 40.4 39.0 58.6 59.9 54.6 55.3 57.5 Total amount rescheduled 5.117 1,834 22,884 6,185 724 813 1,184 Debt stock rescheduled 38 142 102 342 168 150 495 Principal rescheduled 3,307 1,048 13,446 2,720 308 378 516 Official 2,641 936 11,349 2,558 280 373 451 Private 666 112 2,098 162 27 5 66 Interest rescheduled 1,213 517 8,959 1,755 166 147 113 Official 1,088 494 8,369 1,702 162 145 108 Private 124 24 590 53 4 2 4 Debt forgiven 1,562 1,290 640 3,543 1,211 3,048 8,654 Memo: interest forgiven 86 224 1,927 1,841 289 277 165 Debt stock reduction 1,262 366 9,237 1,262 2,715 3,165 1,51! of which debt o 29 137 452 o o o Total change in debt stocks 32,805 4,035 -15,905 19.217 29,739 19,902 -29,227 Net flows on debt 13,908 7,236 4,297 513 1,883 12,632 6,828 16,537 :rOSS-Cllrrencv valuation 10,353 -8,890 15,825 19,496 8,478 ALL CREDITORS Interest (%) 4.5 3.4 3.6 2.4 1.6 1.8 2.2 Maturity (years) 25.1 25.5 20.6 28.2 27.7 28.7 27.4 Grace period (years) 7.4 7.5 6.6 7.6 7.4 7.3 7.6 Grant element (%) 42.1 49.4 42.5 57.0 61.6 62.1 58.2 Official creditors Interest (%) 3.5 2.9 3.0 2.4 1.4 1.5 l.8 Maturity (years) 29.0 28.6 30.1 29.7 30.5 32.1 30.7 Grace period (years) 8.0 8.2 7.8 8.0 8.0 7.7 7.8 Grant element (%) 51.6 55.2 55.8 59.4 66.5 67.7 64.4 Private creditors Interest (%) 7.1 5.9 4.4 3.2 2.7 3.6 4.8 Maturity (years) 14.2 6.4 5.5 7.2 8.6 8.1 6.3 Grace period (years) 6.0 2.9 4.6 3.2 3.9 4.7 5.8 Grant clement (%) 16.0 13.5 21.3 24.9 28.6 27.3 18.9 (current prices, US$ billion) 80.0 70.0 60.0 Aggregate Net Resource Flows 2005 2004 Private Flows -[-1- . 2004 Official Flows ~ C_-II 50.0 ... 2003 2003 f r'-~~'~'-' 2002 2002 20.0 2001 c~ 2001 ~ ~ 10.0 2000 i 2000 0.0 I 2000 2001 2002 2003 2004 2005 -10.0 0.0 10.0 20.0 30.0 40.0 ·10.0 0.0 10.0 20.0 30.0 40.0 III Private flows o Officiaillows III Private non·debt flows [] Private debt flows III Multilateral III Bilateral uGrants 25 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) TOTAL DEBT STOCKS (EDT) 1,020,176 1,587,592 1,919,770 2,007,825 2,199,362 2,358,288 2,363,139 2,499,165 Long-term debt (LDOD) 827,982 1.239,681 1,585,180 1,610,282 1,712,626 1,814,145 1,808,585 1,905,145 Public and publicly guaranteed 775.449 1,036,927 1,069,980 1,092,738 1,149,050 1,183,668 1,063,425 1,043,427 Pri vate non guaranteed 52,533 202,754 515,200 517,544 563,576 630,476 745,160 861,718 Use of IMF credit 23,981 47,988 49,029 85,691 96,474 85,930 40,857 16,160 Short-term debt 168,213 299,924 285,560 311,853 390,262 458,213 513,697 577,860 of which interest arrears on LOOD 42,023 22,208 19,508 23,778 31,798 35,104 24.639 Official creditors 12,286 8.203 11,650 9,062 8,637 8,039 5,800 Private creditors 29,737 14,005 7,859 14,717 23,161 27,065 18,839 Memorandum items Principal arrears on LDOD 39,726 57,194 37.386 39,822 55,564 63,948 42,430 Official creditors 15,533 21,407 24,749 20,694 21.376 19,734 11,638 Pri vate creditors 24,193 35,787 12,637 19,128 34,188 44,214 30,792 TOTAL DEBT FLOWS Disbursements 104,952 197,224 239,322 267,121 311,455 362,885 430,544 459,163 Long-tenn debt 99,229 172,869 229,929 234,319 282,840 356,986 427,046 455,203 IMF purchases 5,722 24,354 9,394 32,802 28,615 5,898 3,498 3,960 Principal repayments 73.263 111,060 237,621 255,655 289,805 311,938 370,047 391,792 Long-tenn debt 67,101 104,301 217,905 236,538 263,860 291,877 327,092 362,685 IMF repurchases 6,163 6,759 19,716 19,117 25,945 20,061 42,954 29,103 Net flows on debt 42,222 140,286 ·3,089 10,782 75,761 115,591 126,447 135,657 of which short -tenn debt 10,534 54,122 -4,790 -684 54,400 64,645 65,949 68,385 Interest payments (INT) 52,714 80,081 110,592 87,815 93,183 96,507 100,605 113,481 Long-tenn debt 42,651 63,600 91,721 75,887 79,077 78,651 80,094 94,565 IMF charges 2,061 2,034 2,759 2,776 2,363 3,404 3,232 1.024 Short -tenn debt 8,003 14,446 16,113 9.152 11,743 14,452 17,278 17,892 Net transfers on debt -10,492 60,205 -113,682 -77,034 -17,420 19,085 25,841 22,047 Total debt service paid (TDS) 125,978 191,140 348,214 343,469 382,987 408,445 470,652 505,274 Long-tenn debt 109,752 167,900 309,626 312,424 342,936 370,528 407,187 457,254 IMF repurchases and charges 8,224 8,794 22.475 21,893 28,308 23,465 46,187 30,127 Short-term debt (interest only) 8,003 14,446 16,113 9,152 11,743 14,452 17,278 17,892 NET RESOURCE FLOWS 66.985 194,648 195,608 161,317 198,519 319,424 432,610 Net flow of long-tenn debt (ex. IMF) 32,129 68,569 12,024 -2,219 18.980 65,109 99,954 Foreign direct investment (net) 22,237 96,634 156,358 142,591 144,935 200,512 260,273 Portfolio equity flows 3,383 12,225 11,069 4,664 16,084 30,975 54,209 Grants (excluding technical coop,) 14,197 17,221 16,157 16,280 18,519 22,829 18,174 Memo: technical coop. grants 7,515 12,814 9,815 12,284 13,237 13,058 11,350 NET TRANSFERS 12,337 95,422 37,150 19,454 32,784 122,413 198,005 Interest on long-tenn debt 42,651 63,600 91,721 75,887 79,077 78,651 80,094 Profit remittances on FOI 15,426 35,627 66,737 65,976 86,658 118,361 154,510 Gross national income (GN£) 3,099,021 4,309,028 4,956.162 5,151,275 5,814,497 6,887,841 8.172.579 Exports of goods, servo & inc. (XGS) 643,744 1,143,715 1,660,034 1,768,303 2,130,518 2,711,268 3,318,921 Worker remit, & comp. of employees 23,373 44,181 61,990 84,175 104,124 121,373 141,338 Imports of goods & services (MGS) 654,455 1,224,084 1,639,368 1,712.339 2,036,942 2,586,283 3.050,960 International reserves (RES) 168,631 433,247 620,436 833,694 1,092,042 1,454,684 1,833,380 Current account balance -859 -72,964 30,714 51,439 87,843 118,322 237,824 EDT /XGS (%) 158.5 138.8 115.6 113.5 103.2 87,0 71.2 EDT I GNI (%) 32.9 36.8 38.7 39.0 37.8 34.2 28.9 TDS/XGS (%) 19.6 16.7 21.0 19,4 18.0 15.1 14.2 INT IXGS (%) 8.2 7.0 6.7 5.0 4.4 3.6 3,0 INT I GNI(%) 1.7 1.9 2.2 1.7 1.6 1.4 1.2 RES I EDT(%) 16.5 27.3 32.3 41.5 49.7 61.7 77.6 RES I MGS (months) 3.1 4.2 4.5 5.8 6.4 6.7 7.2 Short-tenn / EDT (%) 16,5 18.9 14.9 15.5 17.7 19.4 21.7 23.1 Concessionall EDT (%) 12.5 12.5 10.9 10,7 10.6 10.5 8.9 8.4 Multilateral f EDT (%) 12.6 11.1 11.2 11.4 10.9 10.2 9.8 8.9 26 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1995 2000 ~LoN~.·'tE~_T DEBT OUTSTANDI~G (1,000) 827,982 1,239,681 1,585,180 1,610,282 1,712,626 1,814,145 1,808,585 1,905,145 Public and publicly guaranteed 775,449 1,036,927 1,069,980 1,092,738 1,149,050 1,183,668 1,063,425 1,043,427 Official creditors 345,196 551,892 541,019 528,976 547,070 553,706 472,213 420,770 Multilateral 128,195 176,636 215,007 229,813 239,713 241,531 231,304 222,914 Concessional 16,932 28,215 36.637 40.636 46.195 50.505 49.956 48,349 Bilateral 217,001 375,255 326,012 299,164 307,357 312,175 240.909 197,856 Concessional 111,075 170,682 171,992 174,005 187,811 196,932 160,242 161,416 Pri vate creditors 430,253 485,036 528,961 563,761 601,980 629,962 591,212 622,657 Bonds 101,276 239,610 357,307 382,735 424,392 454.339 421,471 440,183 Commercial banks 216,790 131,911 108,179 127,358 127,352 130,236 130,717 147,597 Private nonguaranteed 52,533 202,754 515,200 517,544 563,576 630,476 745,160 861,718 Bonds 347 49,953 91,673 93,377 126,385 131,364 160,436 194,603 Commercial banks and other 52,187 152,800 423,527 424,167 437,191 499,113 584,723 667,115 Memo: lBRD 74,596 91,343 98,273 100,369 99,238 96,014 90,021 84,307 IDA 7,605 14.213 19,535 22,205 25,197 27,504 26,287 22,810 Public sector LDOD 770,494 1,031,705 1,063,452 1,086,610 l,l42,606 1,176,374 1,056,719 Private sector LDOD 57,489 207,976 521,728 523,672 570,020 637,771 751,866 DISBURSEMENTS 99,229 172,869 229,929 234,319 282,840 356,986 427,046 455,203 Public and publicly guaranteed 83,074 117,859 121,739 104,726 118,662 127,391 128,563 140,881 Official creditors 36,266 53,759 42.100 34,691 37,642 33,463 32,733 34,090 Multilateral 18,580 23,652 26,742 23,096 28.474 23,549 23,736 21,739 Conccssional 1,735 3,080 2,298 2,695 3,869 3,707 3,986 3,324 Bilateral 17,687 30,107 15,358 11,595 9,168 9,914 8,997 12,351 Concessional 9,689 10,953 10,608 6,936 7,149 7,728 7,191 11,148 Private creditors 46,808 64,099 79,639 70,035 81,020 93,928 95,830 106,791 Bonds 4,749 25,343 53,679 39,927 49,790 60,942 62,196 68,182 Commercial banks 13,514 20,682 18,743 25,575 25,316 28,919 29,972 36,046 Private nonguaranteed 16,155 55,011 108,190 129,593 164,178 229,595 298,483 314,322 Bonds 291 13;543 11,757 11,231 22,273 33,948 49,544 51,024 Commercial banks and other 15,864 41,467 96,432 118,362 141,905 195,648 248,940 263,297 Memo: IBRD 11,087 11,741 12,440 9,566 10,555 9,610 8,424 9,347 IDA 769 1.618 1,125 1,389 1,372 1,587 1.120 904 PRINCIPAL REPAYMENTS 67,101 104,301 217,905 236,538 263,860 291,877 327,092 362,685 Public and publicly guaranteed 60,699 77,517 107,801 107,608 125,915 117,970 135,265 165,707 Official creditors 18,275 35,201 40,679 44,160 52,820 50,337 67,265 86,008 Multilateral 9,667 16,580 18,858 23,008 29,927 26,773 23,915 31,259 Concessional 359 598 \,118 1,015 1.284 1,430 1,448 1,600 Bilateral 8,608 18,621 21,821 21.152 22,893 23,564 43,349 54,749 Concessional 3,288 5,342 10,031 8,451 9,781 11,614 14,986 12,346 Private creditors 42,424 42,316 67,122 63,448 73,095 67,633 68,000 79,699 Bonds 4,075 11,696 34,951 27,451 34,272 34,702 37,826 52,454 Commercial banks 21,508 14,692 20,812 25,069 28,715 25,378 22,092 19,644 Private nonguaranteed 6,402 26,784 110,104 128,930 137,945 173,907 191,828 196,982 Bonds 0 4,042 15,025 12,146 9,711 24,346 16,660 18,003 Commercial banks and other 6,402 22,742 95.080 116,784 128,235 149,561 175,168 178,979 Memo: IBRD 6,762 9,596 8,073 12,298 15,005 14,417 11,727 16,271 IDA 45 91 178 269 316 375 421 390 INTEREST PAYMENTS (LINT) 42,651 63,600 91,721 75,887 79,077 78,651 80,094 94,565 Public and publicly guaranteed 38,599 53,132 60,075 51,.~66 53,036 52,872 52,665 59,167 Official creditors 13,756 24,410 23,133 20,540 20,377 18,738 16,511 18,524 Multilateral 8,456 10,876 13,431 11,521 10,474 9,382 9,124 8,713 Concessional 252 414 524 512 582 674 732 786 Bilateral 5,299 13,534 9,702 9,019 9,902 9,356 7,387 9,811 Concessional 1,894 4,766 4.288 3,716 4,525 4,689 3,286 4,393 Private creditors 24,843 28,722 36,942 30,826 32.659 34,134 36,154 40,643 Bonds 4,178 15,977 26,137 22,347 24,620 26,515 28,470 29,795 Commercial banks 15,001 6,884 7,363 6,248 5,811 5,828 6,290 8,487 Private nonguaranteed 4,052 10,468 31,646 24,521 26,041 25,778 27,429 35,398 Bonds 3 3,113 7,763 6,715 7,763 8,802 9,908 14,788 Commercial banks and other 4,049 7,354 23,882 17,806 18,278 16,977 17,521 20,610 Memo: IBRD 5,556 6,395 6,852 5,716 4,724 3,873 3,822 3,733 IDA 51 99 135 148 165 203 208 159 27 MIDDLE· INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 Euro .. .. .. 19.4 21.1 18.5 Japanese yen 11.8 13.5 12,0 10.7 lOA 10.0 9.6 Pound sterling 1.6 1.0 0.7 0.7 0.7 0.8 0.8 Swiss franc 2.2 1.1 0.4 0.5 0.5 0.5 0.6 U.S.dollars 44.8 49.5 62.5 63.9 62.5 62.0 65.2 Total amount rescheduled 74,211 29,747 37.811 12,472 10,620 6,837 28,627 Debt stock rescheduled 61,811 6,758 23,090 1,978 3,323 942 23,810 Principal rescheduled 6,960 14,528 7,290 6,361 5,793 4,340 2,565 Official 3,180 6,048 5,714 5,576 5,199 4,211 2,317 Private 3,780 8,480 1,576 785 594 129 248 Interest rescheduled 4,583 4,703 5,003 1,597 981 1,338 894 Official 3,488 1,785 2,798 1,437 864 933 853 Private 1,095 2,918 2,205 160 117 406 41 Debt forgiven 11,066 954 291 1,425 838 1,948 1,231 Memo: interest forgiven 2,803 738 22 367 399 1,293 11,722 Debt stock reduction 24,883 3,861 32,393 3,598 65 2,570 40,432 of which debt 4,359 132 16,879 2,497 o o o 169,914 -43,689 60,978 191,537 158.925 4.851 140,286 ·3,089 10,782 75,761 115,591 126,447 135,657 10,479 -37,954 55,335 68,030 30,964 -56,347 ALL CREDITORS Interest (%) 7.6 6.5 7.5 5.7 5.1 4.9 5.3 Maturity (years) 15.1 12.3 13.0 13.4 12.3 12.8 14.6 Grace period (years) 5.3 4.3 7.3 6.4 7.1 7.2 9.0 Grant element (%) 15.2 17.7 11.2 23.4 24.4 26.6 27.9 Official creditors Interest (%) 6.3 6.5 5.4 3.4 3.3 2.9 3.5 Maturity (years) 19.7 17.0 17.0 18.9 16.8 18,2 19.9 Grace period (years) 6.0 4.7 4.3 5.0 4.5 5.2 5.5 Grant element (%) 25.9 22.7 27.0 40.2 39.8 44.5 43.0 Private creditors Interest (%) 8.7 6.5 8.4 6.8 5.8 5.6 6.0 Maturity (years) 11.2 7.5 11.3 10.5 10.4 10.6 12.5 Grace period (years) 4.8 3.8 8.6 7.1 8.1 8.0 10.4 Grant element (%) 6.1 12.6 4.6 14.9 18.1 19.5 21.8 (current prices. US$ billion) Aggregate Net Resource Flows Private Flows Official Flows 500.0 450.0 ' 1 ! 2005 t_.·_..·· "'--""~----"- "'1 2005 2004)._ __ 2004 350.0 , 300.0 250,0 2003 · h .··· 2003 , .- ~" ·--1 2002 _I i _ __ 2002 ='r- 1" 150.0 2001 "-~ -..-.J 100.0 50.0 2000 · · · · · 2000 0.0 2000 2001 2002 2003 2004 2005 0.0 100.0 200.0 300.0 400,0 ·40.0 ·20.0 0"0 20.0 40,0 III Private flows C Official flows III Private non~ebt flows C' Private debt flows · Multilateral III Bilateral o Grants 28 Country tables 29 ALBANIA (US$ million, unless otherwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 456 1,061 1,095 1,118 1,484 1,547 1,839 Long·term debt (LDOD) 330 936 981 1,008 1,244 1,449 1,459 Public and publicly guaranteed 330 921 971 995 1,232 1,403 1.375 Private non guaranteed 0 15 11 13 12 46 84 Use of I::\'IF credit 65 88 83 81 90 97 92 Short·term debt 62 37 31 29 149 1 288 of which interest arrears on LDOD 2 3 4 1 1 1 1 Official creditors 2 1 I 0 0 0 0 Private creditors 0 3 3 1 1 1 Memorandum items Principal arrears on LDOD 27 271 271 16 16 16 16 Official creditors 18 255 255 0 0 0 0 Private creditors 9 16 16 16 16 16 16 TOTAL DEBT FLOWS Disbursements 80 138 110 157 147 197 166 Long-term debt 70 120 98 152 136 185 154 IMF purchases 11 19 12 5 II 12 12 Principal repayments 2 16 26 36 38 52 50 Long-term debt 0 9 12 22 28 42 41 IMF repurchases 1 7 14 14 10 9 9 Net flows on debt .99 130 78 122 230 -3 403 of which short-term debt -178 8 -6 I 120 -148 287 Interest payments (INT) 9 11 12 23 19 23 31 Long4erm debt 5 8 10 22 16 21 25 IMF charges I 1 I I 0 0 0 Short-tenn debt 3 2 I 1 3 1 6 Net transfers on debt -108 119 66 98 211 -26 372 Total debt service paid (TDS) 10 27 38 59 57 75 81 Long-term debt 5 17 22 44 44 63 66 IMF repurchases and charges 2 8 14 14 10 10 10 Short-term debt (interest only) 3 2 I I 3 I 6 NET RESOURCE FLOWS 216 414 430 371 398 593 529 Net flow of long-term debt (ex. IMF) 69 110 86 130 108 142 113 Foreign direct investment (net) 70 143 207 135 178 341 262 Portfolio equity flows 0 0 0 0 0 0 0 Grants (excluding technical coop.) 77 161 137 107 112 109 154 Memo: technical coop. grants 33 54 61 81 145 92 97 NET TRANSFERS 207 406 420 349 381 571 502 Interest on long-term debt 5 8 10 22 16 21 25 Profit remittances on FDI 4 0 0 1 I 0 2 Gross national income (GN!) 2,483 3,790 4,237 4,584 5,785 7,562 8,524 Exports of goods, serv. & inc. (XGS) 760 1,350 1,616 1,707 2,140 2,839 3,208 Worker remit. & comp. of employecs 427 598 699 734 889 1,160 1,290 Imports of goods & services (MGS) 865 1,509 1,789 2,096 2,610 3,278 3,913 International reserves (RES) 265 646 771 866 1,038 1,388 1.440 Current account balance -12 -156 -217 -408 -407 -358 -571 EDT/XGS (%) 60.0 78.6 67.8 65.5 69.4 54.5 57.3 EDT I GNI(%) 18.4 28.0 25.9 24.4 25.7 20.5 21.6 TDS/XGS (%) 1.4 2.0 2.3 3.5 2.6 2.6 2.5 INT I XGS (%) 1.2 0.8 0.8 1.4 0.9 0.8 1.0 INT I GNI(%) 0.4 0.3 0.3 0.5 0.3 0.3 0.4 RES I EDT (%) 58.1 60.9 70.4 77.5 70.0 89.7 78.3 RES I MGS (months) 3.7 5.1 5.2 5.0 4.8 5.1 4.4 Short-term I EDT (% ) 13.7 3.5 2.8 2.6 10.1 0.1 15.7 Concessional/ EDT (%) 57.1 52.2 54.8 76.7 71.6 78.3 64.6 Multilateral I EDT (%) 25.1 40.2 40.2 52.0 49.8 56.6 47.1 30 ALBANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 330 936 981 1,008 1,244 1,449 1.459 Public and publicly guaranteed 330 921 971 995 1,232 1,403 1,375 Official creditors 305 899 949 973 1,209 1,380 1,353 Multilateral 115 426 440 581 739 876 866 Concessional 110 368 396 518 640 748 740 Bilateral 190 473 510 392 469 503 486 Concessional 151 186 204 340 423 463 448 Pri vate creditors 25 22 22 22 23 23 22 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 Private nonguaranteed 0 15 11 13 12 46 84 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 15 11 13 12 46 84 Memo: IBRD 0 0 0 0 0 0 0 IDA 109 346 366 476 583 677 655 Public sector LDOD 330 920 968 992 1,228 1,403 1,375 Private sector LDOD 0 16 13 16 16 46 84 DISBURSEMENTS 70 120 98 152 136 185 154 Public and publicly guaranteed 70 120 98 149 136 148 119 Official creditors 70 120 98 149 136 148 119 Multilateral 48 101 56 109 107 113 81 Concessional 43 67 44 92 76 84 55 Bilateral 22 19 41 40 30 35 38 Concessional 22 11 26 39 30 35 38 Pri vate creditors 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 3 0 36 35 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 3 0 36 35 Memo: IDRD 0 0 0 0 0 0 0 IDA 43 64 34 79 61 67 34 PRINCIPAL REPAYMENTS 0 9 12 22 28 42 41 Public and publicly guaranteed 0 9 8 20 26 36 40 Official creditors 0 8 8 20 26 36 39 Multilateral 0 2 3 8 13 15 18 Concessional 0 1 1 2 3 6 8 Bilateral 0 6 5 12 13 20 21 Concessional 0 3 2 8 7 14 15 Pri vate creditors 0 1 0 0 0 1 I of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 Private nonguaranteed 0 0 4 2 2 6 1 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 0 4 2 2 6 1 Memo: IDRD 0 0 0 0 0 0 0 IDA 0 0 0 0 I 3 4 INTEREST PAYMENTS (LINT) 5 8 10 22 16 21 25 Public and publicly guaranteed 5 7 10 17 15 20 23 Official creditors 4 7 9 17 15 20 23 Multilateral 1 4 6 6 8 12 14 Concessional 1 3 3 3 5 7 7 Bilateral 3 3 4 11 7 8 9 Concessional 2 3 3 9 6 7 8 Private creditors I 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 Private nonguaranteed 0 1 1 5 1 1 2 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 1 I 5 I 1 2 Memo: IBRD 0 0 0 0 0 0 0 IDA 1 2 3 :I 4 5 5 31 ALBANIA (US$ million, unless otherwise indicated) 1990 2002 2003 2004 2005 Euro 19.8 27.0 28.9 29.4 28.6 Japanese yen 2.5 3.2 2.6 2.8 3.0 3.4 3.9 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 60.9 73.2 74.1 62.1 60.4 59.2 59.0 Total amount rescheduled 6 28 11 75 15 0 10 Debt stock rescheduled 225 0 0 0 0 0 0 Principal rescheduled 0 22 0 75 0 0 0 Official 0 21 0 75 0 0 0 Private 0 0 0 0 0 0 0 Interest rescheduled 0 2 0 0 0 0 0 Official 0 2 0 0 0 0 0 Private 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 4 0 Memo: interest forgiven 0 0 0 0 0 0 0 Debt stock reduction 146 0 0 180 0 0 0 of which debt 30 0 0 0 0 0 0 Total change in debt stocks -427 352 35 23 366 63 292 Net flows on debt -99 130 78 122 230 -3 403 valuation 8 -35 -31 78 116 63 -121 ALL CREDITORS Interest (%) 3.3 3.5 3.2 1.2 1.8 2.3 2.3 Maturity (years) 25.2 29.7 29.3 32.1 27.1 19.8 20.2 Grace period (years) 7.7 10.5 9.0 9.4 11.9 7.6 7.3 Grant element (%) 50.7 54.5 54.8 70.0 66.6 52.6 52.8 Official creditors Interest (%) 3.4 3.5 3.2 1.2 1.8 2.3 2.3 Maturity (years) 25.3 29.7 29.3 32.1 27.1 19.8 20.2 Grace period (years) 7.5 10.5 9.0 9.4 11.9 7.6 7.3 Grant element (%) 50.5 54.5 54.8 70.0 66.6 52.6 52.8 Private creditors Interest (%) 3.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 22.7 0.0 0.0 0.0 0.0 0.0 0.0 Grace period 11.7 0.0 0.0 0.0 0.0 0.0 0.0 Grant element 55.9 0.0 0.0 0.0 0.0 0.0 0.0 2006 2007 2008 2009 2010 2011 TOTAL Principal 71 59 80 82 98 104 98 92 Interest 27 30 32 32 31 29 26 24 Official creditors Principal 55 53 69 70 84 89 88 88 Interest 26 29 31 31 30 28 26 24 Bilateral creditors Principal 31 28 35 33 34 36 37 35 Interest II II 12 11 11 10 9 9 Multilateral creditors Principal 23 25 34 37 50 53 51 54 Interest 15 18 19 20 20 18 17 15 Private creditors Principal 16 6 11 12 14 14 11 4 Interest 2 1 1 1 I 0 0 0 Notes: 32 ALGERIA (US$ million, unless otherwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 28,149 33,042 25,272 22,566 22,828 23,523 22,176 16,879 Long-term debt (LDOD) 26,688 31,303 23,332 20,849 21,390 22,389 21,102 16,363 Public and publicly guaranteed 26,688 31,303 23,332 20,849 21,283 21,831 20.392 15,476 Pri vate nonguaranteed 0 0 0 0 107 559 710 887 Use of IMF credit 670 1,478 1,718 1,518 1,330 988 643 0 Short-term debt 791 261 222 199 108 146 431 516 of which interest arrears on LDOD 0 3 0 0 0 0 0 0 Official credi tors 0 0 0 0 0 0 0 0 Private creditors 0 3 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 1 1 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 1 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 7,017 4,157 1,215 1,041 1,605 1,919 2,113 1,235 Long-term debt 7,017 3,683 1.215 1.041 1,605 1,919 2,113 1,235 IMF purchases 0 475 0 0 0 0 0 0 Principal repayments 6,780 2,419 2,817 2,962 2,950 3,217 4,692 5,057 Long-term debt 6,780 2,248 2,724 2,822 2,652 2,779 4,320 4,445 IMP repurchases 0 171 93 141 297 439 372 612 Net flows on debt ·811 1,361 -1,575 -1,945 .1,436 -1,260 ·2,293 ·3,737 of which short-term debt -1,049 -378 27 -23 -91 38 285 85 Interest payments (INT) 2,025 1,832 1,655 1,419 1,218 1,085 1,033 922 Long-term debt 1,784 1,741 1,552 1,334 1,168 1,057 1,001 889 IMFcharges 62 69 92 76 43 24 22 18 Short-term debt 179 22 10 9 7 4 10 15 Net transfers on debt -2,836 -471 .3,230 ·3,365 ·2,654 ·2,346 -3,326 -4,659 Total debt service paid (TDS) 8,804 4,250 4,471 4,382 4,168 4,303 5,725 5,978 Long-tenD debt 8,564 3,989 4,276 4,155 3,821 3,836 5,321 5.334 IMF repurchases and charges 62 240 185 217 340 463 393 630 Short-term debt (interest only) 179 22 10 9 7 4 10 15 l'o'ET RESOURCE FLOWS 283 1,505 ·1,009 ·626 113 ·155 -1,228 ·1,982 Net flow of long-term debt (ex. IMp) 237 1,435 -1,509 -1,781 -1,047 -860 -2,207 -3.211 Foreign direct investment (net) 0 0 438 1,113 1,065 634 882 1,081 Portfolio equity flows 0 0 0 0 0 0 0 0 Grdl1ts (excluding technical coop.) 45 70 62 42 95 71 97 147 Memo: technical coop. grants 106 101 76 77 97 146 189 199 NET TRANSFERS .1,652 ·236 -2,561 -1,960 -1,056 -1,212 -2,229 -2,871 Interest on long-term debt 1.784 1,741 1,552 1,334 1.168 1,057 1,001 889 Profit remittances on FDI 152 0 0 0 0 0 0 0 Gross national income (G~I) 59,955 39,574 52,080 53,491 54,823 65,319 81,414 97,336 Exports of goods, servo & inc. (XGS) 13,887 Worker remit. & compo of employees 352 1,120 790 670 1,070 1,750 2,460 1,950 Imports of goods & services (MGS) 12,448 International reserves (RES) 2,703 4,164 13,556 19,625 25,151 35,455 45,692 59,167 Current account balance 1,420 EDT f XGS (%) 202.7 EDTfGNI(%) 47.0 83.5 48.5 42.2 41.6 36.0 27.2 17.3 IDS IXGS (%) 63.4 Ir..'T IXGS (%) 14.6 INT IGNI(%) 3.4 4.6 3.2 2.7 2.2 1.7 1.3 0.9 RES/EDT(%) 9.6 12.6 53.6 87.0 110.2 150.7 206.0 350.5 RES I MGS (months) 2.6 Short-term I EDT (%) 2.8 0.8 0.9 0.9 0.5 0,6 1.9 3.1 Concessional! EDT (%) 3.1 9.4 12.4 12.2 12.4 12.9 14.6 15.9 Multilateral! EDT (%) 7.2 11.8 16.3 17.6 17.0 17.5 15.8 14.5 33 ALGERIA (US$ million, unless otherwise indicated) 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 26,688 31,303 23,332 20,849 21,390 22,389 21,102 16,363 Public and publicly guaranteed 26,688 31,303 23,332 20,849 21,283 21,831 20,392 15,476 Official creditors 5,866 15,685 17,480 16,172 16,336 16,839 15,710 12.218 Multilateral 2,031 3,915 4,123 3.974 3,880 4,112 3,508 2,446 Concessional 76 317 442 424 403 485 564 599 Bilateral 3,835 11,770 13,357 12,198 12,456 12,727 12,202 9.772 Concessional 784 2,792 2,688 2,320 2.427 2.538 2,680 2,078 Private creditors 20,822 15,618 5,851 4,678 4,947 4,992 4,682 3,258 of which: Bonds 1.420 0 0 0 0 0 0 0 Commercial banks 5,851 4,529 2,508 2,027 2,034 1,802 1,455 1,039 Private nonguaranteed 0 107 559 710 887 Bonds Commercial banks and other ° 0 0 ° 0 0 ° 0 0 0 0 0 107 0 559 0 710 0 887 Memo: lBRD 1,208 2,049 1,425 1,329 1,203 1,056 909 779 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 26,608 31.214 23,210 20,737 21,140 21,658 20,188 15.301 Private sector LDOD 80 89 122 112 250 732 914 1,062 DISBURSEMENTS 7,017 3,683 1,215 1,041 1,605 1,919 2,113 1,235 Public and publicly guaranteed 7,017 3,683 1,215 1,041 1,528 1,468 1,829 772 Official creditors 1,835 1,596 795 464 491 636 907 430 Multilateral 612 932 349 340 386 566 424 358 Concessional 9 169 39 46 34 129 131 58 Bilateral 1,223 664 446 124 105 70 483 72 Concessional 282 501 152 79 80 62 464 68 Pri vare creditors 5.182 2,087 420 576 1,037 832 922 342 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 206 222 0 3 251 25 10 8 Private nonguaranteed 0 0 0 77 451 285 463 Bonds Commercial banks and other 0 0 ° 0 0 0 0 0 0 0 77 0 451 0 285 0 463 Memo: lBRD 300 554 58 83 70 50 40 31 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 6,780 2,248 2,724 2,822 2,652 2,779 4,320 4,445 Public and publicly guaranteed 6,780 2,248 2,724 2,822 2,592 2,768 4,104 4,216 Official creditors 1.174 671 1,058 1,281 1,499 1,536 2,688 2,820 Multilateral 312 454 351 524 644 521 1.201 1.188 Concessional 6 13 53 66 65 55 52 24 Bilateral 862 217 707 757 855 1,015 1,487 1,632 Concessional 97 42 223 226 234 263 431 446 Private creditors 5,606 1,577 1,666 1.541 1,093 1,231 1,416 1,397 of which: Bonds 16 278 0 0 0 0 0 0 Commercial banks 1.330 220 439 358 334 358 380 347 11 Private nonguaranteed Bonds Commercial banks and other 0 0 0 0 0 0 ° 0 0 ° 0 0 60 0 60 0 11 216 0 216 229 0 229 Memo: lBRD 130 260 172 177 200 202 189 156 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 1,784 1,741 1,552 1,334 1,168 1,057 1,001 889 Public and publicly guaranteed 1,784 1,741 1,552 1,334 1,164 1,055 984 863 Official creditors 312 823 1,131 1,011 966 875 813 707 Multilateral 117 251 297 248 304 253 217 163 Concessional 6 8 16 22 16 18 25 25 Bilateral 195 572 834 764 662 622 596 544 Concessional 17 82 108 96 87 87 78 67 Private creditors 1,472 917 421 322 198 180 171 156 of which: Bonds 105 13 0 0 0 0 0 0 Commercial banks 526 251 146 117 64 42 37 34 Private nonguaranteed 0 5 3 17 25 Bonds Commercial banks and other ° 0 0 0 0 ° 0 0 () 0 0 0 5 0 3 0 17 0 25 Memo: lBRD 73 137 128 119 104 85 60 46 IDA 0 0 0 0 0 0 0 0 34 « !# ALGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 Euro 30.0 32.8 37.6 42.1 40.5 Japanese yen 15.1 13.1 14.5 12.6 13.2 12.8 11.1 8.2 Pound sterling 1.5 0.9 1.0 1.3 1.4 1.7 2.0 1.4 Swiss franc 0.8 0.7 0.5 0.7 0.9 0.9 1.0 0.8 U.S.dollars 33.5 38.0 44.7 46.5 42.8 37.4 36.2 41.0 Total amount rescheduled 0 5,096 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 4,405 0 0 0 0 0 0 Official 0 529 0 0 0 0 0 0 Private 0 3,875 0 0 0 0 0 0 Interest rescheduled 0 380 0 0 0 0 0 0 Official 0 68 0 0 0 0 0 0 Private 0 312 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 912 2,809 -2,727 -2.705 262 695 -1,347 -5,297 Net flows on debt -811 1,361 -1,575 -1,945 -1,436 -1,260 -2,293 -3,737 1,669 687 -1,144 -916 1,684 1,950 922 -1,591 ALL CREDITORS Interest (%) 8.4 6.5 6.2 3.2 2.9 2.6 3.5 1.5 Maturity (years) 9.1 10.8 11.2 12.0 14.7 10.3 12.0 11.5 Grace period (years) 2.5 2.8 3.0 3.2 3.9 2.8 2.6 2.7 Grant element (% ) 6.9 14.9 16.8 31.5 35.3 31.7 27.9 33.6 Official creditors Interest (%) 7.0 6.2 6.2 4.3 2.9 2.0 2.8 1.3 Maturity (years) 16.8 11.7 14.9 18.5 22.0 14.0 13.3 11.9 Grace period (years) 4.0 3.3 4.1 5.9 6.5 4.2 3.1 2.8 Grant element (%) 19.5 17.1 20.8 35.7 49.1 43.3 33.8 34.6 Private creditors Interest (%) 8.9 7.1 6.2 2.8 3.0 3.2 4.0 2.6 Maturity (years) 6.5 8.9 7.4 9.7 7.9 6.7 11.1 9.6 Grace period (years) 2.0 1.9 1.9 2.3 1.5 1.3 2.1 2.0 Grant element (%) 2.8 10.4 12.7 30.0 22.5 20.2 23.8 29.0 TOTAL Principal 2,904 2,665 2,756 2,781 1,749 1,708 424 397 Interest 820 691 545 395 255 163 94 78 Official creditors Principal 1,894 1,798 2.051 2,198 1.416 1,491 273 265 Interest 636 543 442 325 212 133 72 62 Bilateral credi tOfS Principal 1,315 1,508 1,744 1.933 1,173 1,271 88 99 Interest 522 445 354 247 144 74 21 19 Multilateral creditors Principal 579 290 307 265 243 220 185 165 Interest 113 98 89 78 68 59 51 43 Private creditors Principal 1,010 867 705 583 333 217 151 133 Interest 184 147 103 70 43 30 22 17 Notes: Short-term debt is reported by the country. 35 ANGOLA (US$ million. unless otherwise indicated) 1990 1995 2000 2005 TOTAL DEBT STOCKS (EDT) 8,592 11,500 9,408 8,434 8,739 8,695 9,325 11,755 Long·term debt (LDOD) 7,603 9,543 8,085 6,983 7,531 7,620 8,110 9,428 Public and publicly guaranteed 7,603 9,543 8.085 6.983 7,531 7.620 8,110 9,428 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 0 0 Short·term debt 989 1,958 1,323 1,451 1,208 1,075 1,215 2,327 of which interest arrears on LDOD 204 1,232 874 1,006 961 891 692 588 Official creditors 52 276 252 266 287 304 433 359 Private creditors 152 956 622 740 674 587 259 229 Memorandum items Principal arrears on LDOD 496 4,190 2,853 3,353 3,413 3,527 2,202 1,912 Official creditors 86 1,098 735 866 941 1,026 1,136 944 Private creditors 410 3,093 2,118 2,487 2,472 2,502 1.066 968 TOTAL DEBT FLOWS Disbursements 862 550 1,045 1,063 1,172 1,866 2,520 3,609 Long-term debt 862 550 1.045 1,063 1,172 1.866 2,520 3,609 L"\1F purchases 0 0 0 0 0 0 0 0 Principal repayments 183 332 1,530 2,084 1,285 1,317 1,700 1,941 Long-tenn debt 183 332 1,530 2,084 1,285 1.317 1,700 1.94] IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt 977 -90 -733 -1,025 -311 486 1,159 2,884 of which short-term debt 298 -308 ·248 -4 ·198 -63 339 1,216 Interest payments (INT) 143 132 175 147 159 166 180 298 Long-term debt 100 79 149 125 140 160 172 242 IMFcharges 0 0 0 0 0 0 0 0 Short-tenn debt 43 53 26 22 19 6 9 57 Net transfers on debt 834 -222 -909 -1,172 -469 320 979 2,586 Total debt service paid (TDS) 326 464 1,705 2,231 1,443 1,483 1,880 2,239 Long-tenn debt 283 411 1,680 2,209 1,425 1.476 1,871 2.183 IMF repurchases and charges 0 0 0 0 0 0 0 0 ShOlt-tenn debt (interest only) 43 53 26 22 19 6 9 57 NET RESOURCE FLOWS 536 1,018 599 1,338 1,895 4,466 2,633 656 Net flow oflong-ternl debt (ex. IMF) 679 218 -485 -1,021 -113 549 820 1,668 Foreign direct investment (net) -335 472 879 2,145 1.672 3,505 1,449 ·1,304 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 192 328 206 213 336 412 363 293 Memo: technical coop. grants 36 73 47 57 61 80 72 80 NET TRANSI<'ERS 122 553 -479 286 654 3,043 511 -2,991 Interest on long-tenn debt 100 79 149 125 140 160 172 242 Profit remittances on FDI 314 386 929 927 1,100 1.264 1.950 3,406 Gross national income (GNI) 8,214 3,688 7.449 7,375 9,791 12,230 17,295 28.736 Exports of goods, servo & inc. (XGS) 4,003 3,852 8,222 6,760 8,552 9,722 13,831 24,312 Worker remit. & compo of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 4,161 4,302 7,454 8,281 8,734 10,540 13,151 19,201 International reserves (RES) 213 1,198 732 376 634 1.374 3,197 Current account balance -236 -295 796 -1,431 ·150 -720 686 5,138 EDT/XGS (%) 214.6 298.6 114.4 124.8 102.2 89,4 67.4 48.3 EDT I GNI (%) 104.6 311.9 126.3 114.4 89.3 71.1 53.9 40.9 IDS I XGS (%) 8.1 12.0 20.7 33.0 16.9 15.3 13.6 9.2 !NT! XGS (%) 3.6 3.4 2.1 2.2 1.9 1.7 1.3 1.2 !NT I GNI (%) 1.7 3.6 2.4 2.0 1.6 1.4 1.0 1.0 RES I EDT (%) 1.9 12.7 8.7 4.3 7.3 14.7 27.2 RES! MGS (months) 0.6 1.9 l.l 0.5 0.7 1.3 2.0 Short-tenn I EDT (%) 11.5 17.0 14.1 17.2 13.8 12.4 13.0 19.8 Concessional! EDT (%) 13.9 13.0 19.0 9.3 9.8 10.9 17.6 15.3 Multilateral! EDT (%) 0.7 1.7 3.1 3.3 3.6 4.0 4.1 3.2 36 ANGOLA (US$ million, unless otherwise illdicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 7,603 9,543 8,085 6,983 7,531 7,620 8,110 9,428 Public and publicly guaranteed 7,603 9,543 8,085 6,983 7,531 7,620 8,110 9,428 Official creditors 1,839 2,226 2,703 1,640 2,093 2,319 3,310 3,188 Multilateral 57 191 294 276 316 349 379 371 Concessional 20 119 253 253 292 323 367 367 Bilateral 1,782 2,035 2,409 1,364 1,777 1,970 2,931 2,817 Concessional l,l77 1,371 1,538 528 566 623 1.276 1.431 Private creditors 5,765 7,316 5,382 5,343 5,438 5,301 4,800 6,240 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 143 873 2,625 2,679 2,598 2,884 3.438 4,980 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 0 IDA 0 81 226 228 265 291 318 319 Public sector LDOD 7,599 9,513 8,059 6,957 7,504 7,596 8,098 9,416 Private sector LDOD 5 29 26 26 26 24 12 12 DISBlJRSEMENTS 862 550 1,045 1,063 1,172 1,866 2,520 3,609 Public and publicly guaranteed 862 550 1,045 1,063 1,172 1,866 2,520 3,609 Official creditors 169 119 34 16 21 151 525 351 Multilateral 5 30 24 13 21 10 25 34 Concessional 4 30 24 12 21 5 24 34 Bilateral 164 89 10 3 I 142 500 316 Concessional 54 33 10 3 1 7 0 235 Private creditors 693 431 1,011 1,047 1,151 1.714 1,995 3,258 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 17 396 1,010 1,046 1,150 1.712 1,936 3,153 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 0 IDA 0 30 24 11 21 5 19 30 PRINCIPAL REPAYMEl'iTS 183 332 1,530 2,084 1,285 1,317 1,700 1,941 Public and publicly guaranteed 183 332 1,530 2,084 1,285 1,317 1,700 1,941 Official creditors 59 24 268 1,037 51 87 523 233 Multilateral 4 2 27 6 6 6 9 8 Concessional 0 0 4 1 3 4 7 6 Bilateral 56 22 241 1,031 45 81 515 224 Concessional 1 3 213 1,002 2 0 263 9 Pri vate creditors 123 308 L262 1,046 1,234 1,229 1,176 1,708 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 8 108 1,149 986 1,168 995 957 1,605 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 IDA 0 ° 0 0 3 4 6 5 INTEREST PAYMENTS (LINT) 100 79 149 125 140 160 172 242 Public and publicly guaranteed 100 79 149 125 140 160 172 242 Official creditors 19 12 36 9 10 13 22 56 Multilateral 2 I 28 4 3 3 4 4 Concessional 0 0 4 2 2 2 4 3 Bilateral 16 12 8 5 7 10 18 52 Concessional 1 7 2 I 1 0 1 28 Pri vate creditors 81 67 113 116 130 147 150 185 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 33 93 106 115 124 107 155 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 0 IDA 0 0 2 1 2 2 3 3 37 ANGOLA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Euro 8.1 8.9 7.8 11.4 8.4 Japanese yen 0.3 0.3 0.5 0.5 0.5 0.5 0.5 0.3 Pound sterling 1.4 0.9 1.0 l.l 1.1 1.2 1.2 0.9 Swiss franc 0.7 0.1 0.1 0.1 0.0 0.0 0.0 0.0 U.S.dollars 80.7 81.0 86.3 85.2 84.6 85.1 83.3 87.5 Total amount rescheduled 252 437 0 0 0 196 985 0 Debt stock rescheduled 53 0 0 0 0 138 0 0 Principal rescheduled 160 360 1 0 0 5 730 0 Official 16 0 0 0 0 I 656 0 Private 143 360 1 0 0 4 74 0 Interest rescheduled 43 70 0 0 0 0 277 0 Official 8 0 0 0 0 0 243 0 Private 35 70 0 0 0 0 34 0 Debt forgiven 0 0 0 0 0 0 159 107 Memo: interest forgiven 0 0 0 0 0 0 40 16 Debt stock reduction 0 0 0 0 8 0 2 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 1,303 207 -891 -974 305 -44 630 2,430 Net flows on debt 977 -90 -733 -1,025 -311 486 1,159 2,884 150 76 -78 -51 154 189 79 -179 ALL CREDITORS Interest (%) 6.9 8.1 4.9 5.0 5.2 3.6 1.7 6.8 Maturity (years) 10.2 8.7 4.3 4.0 3.7 6.3 10.5 7.9 Grace period (years) 2.6 0.4 1.6 0.5 0.9 O.S 1.7 1.4 Grant element (%) 14.3 5.4 11.4 9.2 9.0 15.8 33.2 10.3 Official creditors Interest (%) 5.7 8.1 0.8 0.0 0.8 3.3 1.4 4.7 Maturi ty (years) 14.1 9.9 39.8 0.0 49.6 18.1 13.7 19.3 Grace period (years) 3.7 0.4 10.3 0.0 10.1 4.3 2.9 2.0 Grant element (%) 22.0 6.4 80.6 0.0 83.0 35.9 43.9 31.7 Private creditors Interest (%) 7.7 8.1 5.0 5.0 5.2 3.6 2.1 6.9 Maturity (years) 7.7 8.6 3.1 4.0 3.2 5.0 6.4 7.2 Grace period (years) 1.8 0.4 1.3 0.5 0.8 0.4 0.2 1.3 Grant element (%) 9.1 5.4 9.1 9.2 8.3 13.6 19.2 8.9 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL Principal 946 L239 1,282 1,265 1,050 814 685 303 Interest 427 401 342 277 210 158 110 76 Official creditors Principal 186 250 332 356 310 241 241 237 Interest 79 91 91 86 78 72 67 62 Bilateral creditors Principal 177 243 324 348 301 231 230 221 Interest 76 88 88 83 75 69 64 58 Multilateral creditors Principal 9 8 9 8 9 10 12 16 Interest 3 3 3 3 3 3 3 3 Private creditors Principal 760 989 949 909 740 573 444 66 Interest 347 310 251 191 132 85 43 15 Notes: Data for 2005 include debt reported by BNA. 38 ARGENTINA (US$ million, unless otherwise indicated) 1995 2000 TOTAL DEBT STOCKS (EDT) 62,233 98,482 147,403 154,050 150,813 166,788 169,508 114,335 Long-term debt (LDOD) 48,676 70,997 114,031 120,070 121,384 128,281 127,922 85,477 Public and publicly guaranteed 46,876 54,930 88,122 88,442 92,905 99,894 104, III 61,952 Private nonguaranteed 1,800 16,066 25,909 31,628 28,479 28,387 23,811 23,525 Use of IMF credit 3,083 6,131 5,056 13,976 14,340 15,523 14,091 9,513 Short-term debt 10,473 21,355 28,315 20,004 15,089 22,984 27,496 19,346 of which interest arrears on LDOD 7,590 0 0 4 5,473 12,637 17.496 9,346 Official creditors 132 0 0 0 165 356 533 589 Private creditors 7,458 0 0 4 5,307 12,282 16,963 8,756 Memorandum items Principal arrears on LDOD 4,372 0 0 0 8,540 17,258 29,103 16,549 Official creditors 224 0 0 0 471 1,167 2,349 2,853 Private creditors 4,147 0 0 0 8,069 16,091 26,754 13,696 TOTAL DEBT FLOWS Disbursements 1,587 11,319 21,126 13,448 1,673 11,155 6,282 4,461 Long-term debt 1,150 8,954 19,032 3,048 1,673 5,554 2,813 4,461 IMF purchases 437 2,365 2,094 10,399 0 5,601 3,469 0 Principal repayments 3,443 3,542 15,700 10,772 3,201 12,222 10,466 7,509 Long-term debt 2,745 3,057 14.421 9,591 2,458 6,479 4,962 3,938 IMF repurchases 697 484 1,280 1,181 743 5,743 5,504 3,571 Net flows on debt -1,856 21,962 4,326 ·5,639 .1,910 -337 -4,531 -3,048 of which short-term debt 0 14,185 -1,100 -8,315 -383 730 -347 0 Interest payments (lNT) 2,716 5.324 11,608 4,858 2,099 2,074 2,362 3,036 Long-ternl debt 2,208 4,322 9,681 3,405 1,230 1,270 1,550 2,268 IMFcharges 277 274 195 416 677 504 554 510 Short-term debt 231 727 1,732 1,036 192 299 258 258 Net transfers on debt ·4,571 16,639 ·7,282 ·10,497 ·4,010 -2,410 -6,894 ·6,085 Total debt service paid (TDS) 6,158 8,865 27,308 15,629 5,300 14,296 12,829 10,546 Long-term debt 4,953 7.379 24,101 12,996 3,688 7,750 6,512 6,206 IMF repurchases and charges 975 759 1,475 1,597 1,420 6.247 6,OS8 4,082 Short-term debt (interest only) 231 727 1,732 1.036 192 299 258 258 NET RESOURCE FLOWS 261 13,095 11,833 -4,319 1,302 829 2,066 5,229 Net flow of long-term debt (ex. IMF) -1,595 5,897 4,611 -6,542 -785 -925 -2,149 523 Foreign direct investment (net) 1,836 5,609 10,418 2,166 2,149 1,652 4,274 4.730 Portfolio equity flows 0 1,552 -3,227 31 -116 65 -86 -48 Grants (excluding technical coop.) 21 36 31 26 54 37 28 25 Memo: technical coop. grants 71 84 53 60 56 65 63 61 NET TRANSFERS -2,584 6,643 ·934 -9,121 -41 -1,499 -2,040 -678 Interest on long-term debt 2,208 4,322 9,681 3,405 1,230 1,270 1,550 2,268 Profit remittances on POI 637 2,129 3,086 1,397 113 LOS8 2,556 3,640 Gross national income (GNI) 135,150 253,396 276,656 260,970 94,553 121,627 144,204 176,985 Exports of goods, servo & inc. (XGS) 16,654 29,396 38,747 36,683 32.303 37,688 43,458 50,824 Worker remit. & camp, of employees 0 56 86 190 189 256 292 413 Imports of goods & services (MGS) 13,100 35,070 48,076 40,733 23,961 29,906 40,334 45,224 International reserves (RES) 6,222 15,979 25,152 14.556 10,492 14,157 19,660 28,082 Current account balance 4,552 -5,118 -8,981 -3,780 8.720 8,065 3.446 5,789 EDT /XGS (%) 373.7 335.0 380.4 419.9 466.9 442.6 390.0 225.0 EDT I GN! (%) 46.0 38.9 53.3 59.0 159.5 137.1 117.5 64.6 TDS I XGS (%) 37.0 30.2 70.5 42.6 16.4 37.9 29.5 20.7 lNT I XGS (%) 16.3 18.1 30.0 13.2 6.5 5.5 5,4 6.0 lNT IGNI(%) 2.0 2.1 4.2 1.9 2.2 1.7 1.6 1.7 RES f EDT (%) 10.0 16.2 17.1 9.4 7.0 8.5 11.6 24.6 RES f MGS (months) 5.7 5.5 6.3 4.3 5.3 5.7 5.8 7.5 Short -term f EDT (%) 16.8 21.7 19.2 13.0 10.0 13.8 16.2 16.9 Concessional / EDT (% ) 0.8 2.8 1.1 0.9 0.8 0.8 0.8 1.1 Multilateral f EDT (0/0) 8.0 9.5 11.0 11.6 11.1 9.8 9.6 13.6 39 ARGENTINA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOO) 48,676 70,997 114,031 120,070 121,384 128,281 127,922 85,477 Public and publicly guaranteed 46,876 54,930 88,122 88,442 92,905 99,894 104,111 61,952 Official creditors 11,226 20,674 20,484 21,192 21,284 21,348 21,465 20,300 Multilateral 5,007 9,373 16,235 17,890 16,727 16,381 16,271 15,542 Concessional 30 8 0 0 0 0 0 0 Bilateral 6,219 ll,301 4,248 3,301 4,557 4,967 5,194 4,758 Concessional 498 2,737 1,686 1,344 1,182 1,281 1,372 1,252 Private creditors 35,650 34,256 67,639 67,250 71,621 78,547 82,646 41,652 of which: Bonds 11,514 32,670 67,111 66,828 71,154 77,999 82,071 41,141 Commercial banks 22,631 1,181 490 404 450 532 560 498 Private nonguaranteed 1,800 16,066 25,909 31,628 28,479 28,387 23,811 23,525 Bonds 21 7,582 11, 138 9,834 9,834 9,834 6,091 5,896 Commercial banks and other 1,779 8,484 14,771 21,794 18,645 18,553 17,719 17,629 Memo: lBRD 2,609 4,913 8,789 9,440 8,513 7,508 7,447 6,881 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 44,707 54,908 88,071 88,400 92,868 99,862 104,086 61,931 Private sector LDOD 3,969 16,088 25,961 31,670 28,516 28,419 23,836 23,545 DISBURSEMENTS 1,150 8,954 19,032 3,048 1,673 5,554 2,813 4,461 Public and publicly guaranteed 1,129 6,604 14,550 2,821 1,673 4,614 1,156 3,154 Official creditors 910 2,803 1,937 2,821 1,671 4,614 1,135 960 :\1 ullilatcral 736 1,936 1,923 2,811 835 4,613 1,1l2 956 Concessional 0 0 0 0 0 0 0 0 Bilateral 174 867 13 10 836 0 23 4 Concessional 149 630 11 9 0 0 23 4 Pri vale creditors 219 3,801 12,613 0 2 0 21 2,194 of which: Bonds 0 3,630 12,611 0 0 0 21 2,194 Commercial banks 183 110 2 0 2 0 0 0 Private nonguaranteed 21 2,350 4,482 227 0 940 1,656 1,307 Bonds 21 834 1,408 169 0 0 896 540 Commercial banks and other 0 1,516 3,075 58 0 940 760 767 Memo: lBRD 405 941 1,019 1,329 424 1,963 770 362 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2,745 3,057 14,421 9,591 2,458 6,479 4,962 3,938 Public and publicly guaranteed 2,745 1,792 8,917 5,374 2,385 5,648 1,818 1,672 Official crediwrs 454 1,366 1,837 1,693 2,367 5,347 1,347 1,485 Multilateral 405 512 825 968 2,266 5,319 1,319 1,462 Concessional 2 2 I 0 0 0 0 0 Bilateral 49 854 1,012 724 101 28 29 23 Concessional 0 58 262 260 57 9 8 5 Private creditors 2,292 427 7,080 3,681 18 302 471 187 of which: Bonds 878 128 6,863 3,569 0 295 466 182 Commercial banks 1,342 173 188 94 13 5 4 4 Private nonguaranteed 1,265 5,503 4,217 73 831 3,143 2,266 Bonds Commercial banks and other ° 0 0 631 634 2,309 3,194 1,058 3,159 0 73 0 831 1,565 1,578 680 1,586 Memo: lBRD 233 259 538 676 1,353 2,968 832 928 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 2,208 4,322 9,681 3,405 1,230 1,270 1,550 2,268 Public and publicly guaranteed 2,064 3,437 7,640 2,174 1,174 1,152 702 1,560 Official creditors 456 1,375 1,589 1,477 1,078 1,006 665 748 Multilateral 375 617 1,256 1,208 1,006 983 660 744 Concessional I 0 0 0 0 0 0 0 Bilateral 81 758 334 268 71 22 5 4 Concessional 0 113 92 67 24 1 2 3 Private creditors 1,608 2,062 6,051 698 96 146 37 812 of which: Bonds 973 1,960 5,909 568 0 145 36 811 Commercial banks 621 72 137 127 95 1 1 0 Private nonguaranteed 144 885 2,041 1,231 56 lI8 848 708 Bonds 0 641 1,109 1,033 0 0 675 585 Commercial banks and other 144 244 932 198 56 118 173 122 Memo: lBRD 181 306 701 713 517 382 233 288 IDA 0 0 0 0 0 0 0 0 40 ARGENTINA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 24.3 27.9 31.2 32.3 34.0 Japanese yen 6.7 9.3 5.7 4.0 4.2 4.4 4.3 2.4 Pound sterling l.l 0.2 0.5 0.3 0.3 0.4 0.4 0.1 Swiss franc 2.2 1.6 0.4 0.3 0.4 0.4 0.4 0.4 U.S.dollars 54.5 57.7 61.2 66.2 62.6 59.5 59.0 58.1 Total amount rescheduled 932 248 0 0 0 0 0 20,136 Debt stock rescheduled 0 0 0 0 0 0 0 19524 Principal rescheduled 512 198 0 0 0 0 0 0 Official 381 158 0 0 0 0 0 0 Private 131 40 0 0 0 0 0 0 Interest rescheduled 420 50 0 0 0 0 0 0 Official 382 22 0 0 0 0 0 0 Private 38 29 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 11,510 Debt stock reduction 7,202 863 3,434 191 586 0 0 30,334 of which debt 1.232 0 2,745 0 0 0 0 0 Total change in debt stocks -3,024 23,636 1,746 6,648 -3,238 15,976 2.720 -55,173 Net flows on debt -1,856 21.962 4,326 -5.639 -1,910 -337 -4531 -3,048 valuation 1.346 -154 -2,797 -2,530 6,345 6,429 5.258 -6,454 ALL CREDITORS Interest (%) 6.4 6.9 9.9 5.9 3.4 3.5 2.8 4.6 Maturity (years) 17.1 11.2 11.7 14.4 11.7 11.9 16.7 9.4 Grace period (years) 3.5 4.7 11.5 4.2 4.6 3.8 4.3 3.4 Grant element (%) 19.3 14.1 -2.7 20.9 28.2 32.3 42.7 21.7 Official creditors Interes t (%) 6.5 6.5 7.2 5.9 3.4 3.5 2.8 3.9 Maturity (years) 19.2 16.3 18.2 14.4 11.7 11.9 16.7 17.6 Grace period (years) 4.0 4.7 4.8 4.2 4.6 3.8 4.3 4.7 Grant element (%) 20.6 19.7 17.2 20.9 28.2 32.3 42.7 37.4 Private creditors Interest (%) 6.0 7.4 10.0 0.0 0.0 0.0 0.0 4.7 Maturity (years) 8.4 4.8 11.6 0.0 0.0 0.0 0.0 8.1 Grace period (years) 1.3 4.6 11.6 0.0 0.0 0.0 0.0 3.2 Grant element 14.1 7.2 -3.0 0.0 0.0 0.0 0.0 19.1 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL Principal 7,941 8,367 7,552 6,151 4,937 3,560 3,508 1,853 Interest 3,244 2,870 2,379 2,012 1,952 1,738 1,609 1,493 Official creditors Principal 3,052 3,308 2,752 1.792 1,668 1,420 1,235 1,027 Interest 1,005 849 667 549 467 390 321 262 Bilateral creditors Principal 732 648 507 97 57 57 25 16 Interest 123 83 40 13 8 5 2 1 Multilateral creditors Principal 2,320 2.661 2,245 1.695 1,611 1,362 1,210 1.011 Interest 883 766 627 536 459 385 319 261 Private creditors Principal 4,889 5,058 4,800 4,359 3,268 2,140 2,273 826 Interest 2,239 2,022 1,712 1,463 1,485 1,348 1.288 1,231 Notes: Provincial debt. long-term private nonguaranteed debt data are World Bank staff estimates. Historical data revisions are due to the reversing process of converting to US$ the debt that was previously converted to Argentina Pesos. Includes the effects of June 2005 Bond restructuring. 41 ARMENIA (US$ million, unless othen"ise indicated) 1995 2000 2001 2002 1.SUMMA.RY D~ "AlA TOTAL DEBT STOCKS (EDT) 371 916 1,054 1,386 1,770 1,873 1,861 Long-term debt (LDOD) 298 697 840 971 US! 1,245 1,386 Public and publicly guaranteed 298 675 716 818 877 961 923 Pri vate nonguaranteed 0 21 124 152 274 285 464 Use of IMF credit 70 175 173 195 215 218 176 Short-term debt 2 44 42 220 404 410 298 of which interest arrears on LDOD 1 6 6 0 0 0 0 Official creditors I 6 6 0 0 0 0 Pri vate creditors 0 0 0 0 0 0 () Memorandum items Principal arrears on LDOD 75 4 12 0 0 0 0 Official creditors 75 4 12 0 0 () () Pri vate creditors 0 0 () 0 0 0 0 TOTAL DEBT FLOWS Disbursements 148 84 96 147 247 163 196 Long-term debt \02 84 83 121 219 135 186 lMF purchases 46 0 13 26 28 28 10 Principal repayments 3 31 33 51 88 116 104 Long-term debt 3 15 24 33 62 81 69 lMF repurchases 0 16 9 18 26 35 34 Net flows on debt 147 42 61 279 343 53 -20 of which short-term debt I -11 -2 184 184 6 -112 Interest payments (INT) 8 15 21 34 36 59 35 Long-term debt 7 9 18 28 26 46 23 lMF charges 2 3 2 I I I I Short-term debt 0 2 I 4 9 12 11 Net transfers on debt 138 28 39 245 307 -6 -55 Total debt service paid (TDS) 11 46 55 85 124 175 138 Long-term debt \0 25 42 61 88 127 92 IMF repurchases and charges 2 19 11 20 28 36 35 Short-term debt (interest only) 0 2 I 4 9 12 II A~~"AT,tNETUSOURCJl.Fl-OWS·A~ NETT~~t1tONG-T~RlW NET RESOURCE FLOWS 216 235 173 269 331 336 460 Net flow of long-term debt (ex. 1\1F) 100 69 59 88 157 54 117 Foreign direct investment (net) 25 104 70 III 121 219 258 Portfolio equity flows 0 0 I 0 0 1 1 Grants (excluding technical coop.) 91 61 44 71 53 62 83 Memo: technical coop. grants 39 94 88 123 94 98 85 NET TRANSFERS 209 203 152 228 270 152 266 Interest on long-term debt 7 9 18 28 26 46 23 Profit remittances on FDI 0 22 4 13 35 l39 170 tt MA,lOBE(:;ONOM{C4GGUG;ATES Gross national income (GNI) 1,466 1,964 2,182 2,464 2,902 3,613 4,948 Exports of goods, servo & inc. (XGS) 366 560 654 844 1,079 1,327 1,749 Worker remit. & comp, of employees 65 87 94 131 686 813 940 Imports of goods & services (MGS) 741 1,017 1,017 1,155 1,477 1.788 2,305 International reserves (RES) III 314 330 431 502 548 669 Current account balance -218 -278 -200 -148 -189 -162 -193 4. DE.tlND1CA.'l'O.RS EDT IXGS (%) 101.1 163.7 161.3 164.1 164.0 141.2 106.4 EDT IGNI (%) 25.3 46,6 48.3 56.2 61.0 51.8 37.6 TDS I XGS (%) 3.1 8.2 8.3 10.0 11.5 13.2 7.9 !NT I XGS (%) 2.3 2.6 3.2 4.0 3.3 4.5 2.0 [lI,i I GNI (o/c) 0.6 0.7 1.0 1.4 1.2 1.6 0.7 RES I EDT (%) 30.0 34,3 31.3 31.1 28.4 29.2 36.0 RES I MGS (months) 1.8 3.7 3.9 4.5 4.1 3,7 3.5 Short-term I EDT (%) 0.6 4.8 4.0 15.9 22,8 21.9 16.0 Concessionall EDT (%) 28.6 50.1 48.5 46.2 44.9 49.4 48.4 Multilateral! EDT (%) 56.1 52.9 50.3 44.8 42.2 45.3 43.4 42 ARMENIA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 ;I:L~"TEltMI)EB!fJ DEBT O1.JTSTANDING (LDOD) 298 697 840 971 1,151 1,245 1,386 Public and publicly guaranteed 298 675 716 818 877 961 923 Official creditors 298 658 698 808 875 959 921 Multilateral 208 485 530 621 747 848 808 Concessional 91 407 448 556 697 815 787 Bilateral 90 173 168 187 128 III 113 Concessional IS 52 63 84 97 III 113 Private creditors 0 17 17 11 2 1 1 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 5 5 0 0 0 0 Private nonguaranteed 0 21 124 152 274 285 464 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 21 124 152 274 285 464 Memo: lBRD 5 8 7 8 8 8 6 IDA 91 388 428 530 662 773 746 Public sector LOOD 298 675 716 818 877 961 923 Private sector LDOD 0 21 124 152 274 285 464 DISBURSEMENTS 102 84 83 121 219 135 186 Public and publicly guaranteed 102 63 83 89 91 94 50 Official creditors 102 62 83 88 91 94 50 Multilateral 102 58 71 72 84 83 37 Concessional 88 56 58 70 84 83 37 Bilateral 0 4 12 15 6 11 14 Concessional 0 4 12 15 6 11 14 Pri vale creditors 0 1 0 2 0 0 0 of which: Bonds 0 0 0 0 0 0 0 Cormnercial banks 0 0 0 0 0 0 0 Private nonguaranteed 0 21 0 31 128 41 136 Bonds 0 0 0 (J 0 0 0 Commercial banks and other 0 21 0 31 128 41 136 Memo: lBRD 3 (J 0 0 () (J 0 IDA 88 54 55 66 77 78 34 PRINCIPAL REPAYMENTS 3 15 24 33 62 81 69 Public and publicly guaranteed 3 15 24 30 55 51 16 Official creditors 3 13 24 24 46 51 16 Multilateral 0 8 8 22 18 18 14 Concessional 0 0 () 0 0 I 3 Bilateral 3 5 16 2 28 33 2 Concessional 0 3 (J I 2 2 2 Private creditors (J 2 (J 6 9 I 0 of which: Bonds 0 0 (J (J () (J 0 Commercial banks 0 () 0 5 () (J (J Private nonguaranteed 0 0 0 3 7 30 53 Bonds () 0 (J 0 (J (J 0 Commercial banks and other 0 (J 0 3 7 3(J 53 Memo: IBRD (J 0 0 0 1 1 IDA (J 0 (J 0 0 3 INTEREST PAYMENTS (LINT) 7 9 18 28 26 46 23 Public and publicly guaranteed 7 9 17 19 10 8 9 Official creditors 7 9 16 18 10 8 9 Multilateral 7 8 8 7 7 7 8 Concessional (J 3 3 4 4 6 6 Bilateral 0 1 8 11 4 1 2 Concessional 0 I 1 I 1 I I Private creditors (J 0 I 0 (J 0 0 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 1 0 (J (J 0 Private nonguaranteed 0 0 1 10 16 37 14 Bonds 0 0 (J 0 (J 0 0 Commercial banks and other 0 0 I 10 16 37 14 Memo: IBRD (J 0 (J 0 0 0 (J IDA (J 3 3 3 4 6 6 43 ARMENIA (US$ million, unless othery,;ise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Euro 5.4 5.9 7.5 7.6 8.0 Japanese yen 0.0 0.0 0.1 0.2 0.2 0.2 0.2 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 62.6 93.3 92.4 92.1 90.5 87.7 86.3 Total amount rescheduled 0 14 0 9 0 0 0 Debt stock rescheduled 0 0 0 10 0 0 0 Principal rescheduled 0 14 0 0 0 0 0 Official 0 14 0 0 0 0 0 Private 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 Debt forgiven 0 0 0 2 0 0 0 Memo: interest forgiveu 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 46 0 0 of which debt buyback 0 0 0 0 0 0 0 Total change in debt stocks 156 15 138 331 384 103 -12 Net flows on debt 147 42 61 279 343 53 -20 Cross-currency valuation -6 -31 -24 58 84 49 -86 ALL CREDITORS Interest (%) 1.3 0.8 0.8 0.8 0.8 0.8 0.8 Maturity (years) 32.6 35.7 36.0 38.0 39.7 39.4 39.6 Grace period (years) 9.2 10.2 9.4 10.3 10.4 10.2 10.0 Grant element (%) 72.4 79.1 74.7 80.0 80.7 80.3 79.9 Official creditors Interest (%) 1.3 0.8 0.7 0.8 0.8 0.8 0.8 Maturity (years) 32.6 35.7 36.3 38.0 39.7 39.4 39.6 Grace period (years) 9.2 10.2 9.5 10.3 10.4 10.2 10.0 Grant element (%) 72.4 79.1 75.4 80.0 80.7 80.3 79.9 Private creditors Interest (%) 0.0 0.0 10.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 1.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 1.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2006 2007 2008 2009 2010 TOTAL Principal 107 107 97 94 92 74 44 26 Interest 18 17 [5 13 [2 10 9 9 Official creditors Principal 21 20 18 20 22 24 25 26 Interest 10 10 10 10 10 10 9 9 Bilateral creditors Principal 6 6 6 5 6 6 6 6 Interest 3 3 3 3 3 3 3 3 Multilateral creditors Principal 15 15 12 14 16 18 19 20 Interest 7 7 7 7 7 7 7 6 Private creditors Principal 86 87 79 74 70 50 19 0 Interest 8 7 5 4 2 0 0 0 Notes: In 1993, $30.8 million of technical credits were rescheduled with the Russian Federation, and in 1996, $34.0 million were rescheduled with bilateral creditors. 44 AZERBAQAN (US$ million. unless otherwise indicated) TOTAL DEBT STOCKS (EDT) 321 1,352 1,299 1,499 1,746 1,982 1,881 Long-term debt (LDOD) 206 860 901 1,138 1,384 1,636 1,531 Public and publicly guamnteed 206 761 806 1,065 1,307 1,406 1,344 Pri vate non guaranteed 0 99 95 72 76 230 187 Use of IMF credit 101 336 295 279 259 208 164 Short-term debt 14 156 103 82 103 138 186 of which interest arrears on LDOD 6 0 0 0 0 0 0 Official creditors 6 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 36 0 0 0 0 0 0 Official creditors 36 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 205 280 142 268 272 331 251 Long-term debt 102 280 132 258 236 331 232 IMF purchases 103 0 10 10 36 0 19 Principal repayments 0 74 93 145 192 213 201 Long-term debt 0 22 53 96 113 153 153 IMF repurchases 0 51 39 49 79 60 48 Net flows on deht 207 333 -4 102 101 154 98 of which short-term debt 2 127 -53 -20 21 35 48 Interest payments (INT) 10 56 39 25 24 27 37 Long-term debt 9 37 24 16 18 21 28 IMFchargcs 1 14 10 6 3 3 2 Short-term debt 0 5 5 4 3 4 6 Net transfers on debt 197 277 -44 77 77 127 61 Total debt service paid (TDS) 10 130 132 171 216 240 237 Long-term debt 9 59 77 112 131 174 180 IMF repurchases and charges 1 65 50 55 82 62 51 Short-term debt (interest only) 0 5 5 4 3 4 6 NET RESOURCE FLOWS 493 438 353 1,620 3,462 3,794 1,852 Net flow oflong-term debt (ex. IMp) 102 258 78 161 124 178 79 Foreign direct investment (net) 330 130 227 1.392 3,285 3,556 1,680 Portfolio equity flows 0 0 0 0 0 0 0 Grants (excluding technical coop.) 61 50 48 66 53 59 93 Memo: technical coop. grants 28 30 42 75 69 70 75 NET TRANSFERS 484 84 0 1,248 3,021 3,192 242 Interest on long-term debt 9 37 24 16 18 21 28 Profit remittances on FDI 0 317 329 356 422 581 1,582 Gross national income (GNI) 3,035 4,977 5,375 5,850 6,833 7,980 10,963 Exports of goods, servo & inc. (XGS) 795 2,231 2.514 2,867 3,263 4,492 9,024 Worker remit. & compo of employees 3 57 104 181 171 227 693 Imports of goods & services (MGS) 1,306 2,415 2,539 3.543 5,264 7,078 8,850 International reserves (RES) 121 680 725 720 803 1.075 1.178 Current account balance -401 -168 -52 -768 -2,021 -2.589 167 EDT IXGS (%) 40.4 60.6 51.7 52.3 53.5 44.1 20.8 EDT/GNI(%) 10.6 27.2 24.2 25.6 25.5 24.8 17.2 IDS I XGS (%) 1.3 5.8 5.3 5.9 6.6 5.3 2.6 !NT IXGS (%j 1.3 2.5 1.6 0.9 0.7 0.6 0.4 !NT I Gl\'I (%) 0.3 1.1 0.7 0.4 0.4 0.3 0.3 RES/EDT(%) 37.7 50.3 55.8 48.1 46.0 54.2 62.6 RES I MGS (months) 1.1 3.4 3.4 2.4 1.8 1.8 1.6 Short-term / EDT (%) 4.4 11.6 7.9 5.5 5.9 7.0 9.9 Concessionall EDT (%) 9.4 29.4 35.4 46.1 53.8 57.7 60.2 Multilateral I EDT (%) 30.8 24.0 26.7 29.1 32.7 32.5 34.0 45 AZERBAIJAN (US$ million, unless othenvise indicated) 2000 DEBT OUTSTANDING (LDOD) 206 860 901 1,138 1,384 1,636 1,531 Public and publicly guaranteed 206 761 806 1,065 1,307 1,406 1,344 Official creditors 206 649 717 944 1,199 1,314 1,283 Multilateral 99 324 347 435 571 644 640 Concessional 30 232 254 336 456 533 543 Bilateral 107 324 371 508 628 670 643 Concessional 0 166 206 355 484 610 591 Private creditors 0 113 88 121 108 91 62 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 65 52 98 97 89 61 Private nonguaranteed 0 99 95 72 76 230 187 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 99 95 72 76 230 187 Memo: lBRD 0 0 0 0 0 0 0 IDA 30 216 235 314 422 493 501 Public sector LDOD 206 761 806 1,065 1,307 1,406 1,344 Private sector LooD 0 99 95 72 76 230 187 DISBURSEMENTS 102 280 132 258 236 331 232 Public and publicly guaranteed 102 274 124 256 183 97 107 Official creditors 102 210 124 205 183 97 107 Multilateral 90 57 42 76 98 64 58 Concessional 30 34 32 60 84 54 54 Bilateral 13 153 82 130 85 34 49 Concessional 0 86 68 130 85 34 49 Private creditors 0 64 1 51 0 0 0 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 38 1 51 0 0 0 Private nonguaranteed 0 6 7 2 54 234 124 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 6 7 2 54 234 124 Memo: lBRD 0 0 0 0 0 0 0 IDA 30 27 28 57 75 49 48 PRINCIPAL REPAYMENTS 0 22 53 96 113 153 153 Public and publicly guaranteed 0 15 44 62 63 60 55 Official creditors 0 13 22 30 34 36 37 Multilateral 0 9 10 11 14 16 19 Concessional 0 1 0 0 0 0 3 Bilateral 0 4 12 20 19 20 19 Concessional 0 0 4 9 10 l\ 11 Private creditors 0 2 22 32 29 24 18 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 12 19 16 16 16 Private nonguaranteed 0 7 10 34 50 93 97 Bonds 0 0 0 0 0 0 0 Commercial hanks and other 0 7 to 34 50 93 97 Memo: lBRD 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 2 INTEREST PAYMENTS (LINT) 9 37 24 16 18 21 28 Public and publicly guaranteed 9 32 19 13 15 17 21 Official creditors 9 31 16 11 12 15 19 Multilateral 2 7 8 6 6 9 10 Concessional 0 2 2 2 3 5 5 Bilateral 7 24 8 5 6 6 10 Concessional 0 24 2 3 4 5 7 Private creditors 0 I 3 2 3 2 2 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 I I 2 2 I Private nonguaranteed 0 5 5 3 3 4 7 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 5 5 3 3 4 7 Memo: lBRD 0 0 0 0 0 0 0 IDA 0 2 2 2 2 4 4 46 AZERBAUAN (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 .·.:·ii.~Ncy(j~rol'io,jv"~lC·~'t$J!JQ.j~tii\:~_»~~~):; Euro 3.9 3.5 3.8 4.2 4.4 Japanese yen 0.0 20.1 23.2 30.1 32.7 30.7 27.8 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 6.3 4.6 8.6 7.2 6.2 4.5 U.S.dollars 51.4 66.7 65.0 54.2 52.0 53.9 57.6 ,,·I)DTU$1?tU~·.:·.·. :';\:<,:,;'" Total amount rescheduled 0 0 0 0 0 87 0 Debt stock rescheduled 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 75 0 Official 0 0 0 0 0 75 0 Private 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 ;::~i:~:~O;~ ;~;,,~;:,) .. ······8.;.Itf$.T~m~.f;u~1iO~·· Total change in debt stocks 208 279 -53 200 247 236 -101 Net flows on debt 207 333 -4 102 101 154 98 Cross-currency valuation -7 -43 -44 80 119 60 -130 > :.9.A:\1~~~U~O.,.'W~e.~Nr8·,; ,0 '~~\/::iiBLIe~p{jJ~dY:tW~_~»Ej~·~; Euro 0.5 0.6 0.7 0,6 0.5 Japanese yen 24.8 25,9 20.4 18.4 17.5 17.0 16,0 14.2 Pound sterling 5,0 3,5 3,0 3.0 2.6 2.3 2.0 2.1 Swiss franc 0,1 0.0 0.0 0,0 0.0 0,0 0,0 0.0 U.S.dollars 48,1 41.9 44.7 47.8 48.1 50.1 50.1 51.5 7. J)E81'RESTIlU(:!,tmNGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 103 146 0 Memo: interest forgiven 0 0 0 0 0 13 16 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 i8iJ)EB"STOC~.FLOW QCONClLlATlON Total cbange in debt stocks 1,593 304 -850 467 1,796 1,727 1,355 -1,194 Net flows on debt S13 171 370 562 412 514 784 388 Cross-currency valuation 925 -244 -1,087 -1,042 1,162 1,543 691 -1,610 '~Av:ERAG~~OFNEWOO~ ALL CREDITORS Interest (%) 1.8 1.9 2,6 2.0 1.4 1.2 1.0 1.7 Maturity (years) 34.1 38.2 24.9 26.2 33.6 31.9 36.3 33,7 Grace period (years) 9,2 10.0 6.8 6.5 8.5 8.3 9.5 8,7 Grant element ('Yo) 68.5 69.5 54.2 57.4 70,6 70,3 76,0 68.1 Official creditors Interest ('Yo) l.l 1.9 2.4 1.2 1.3 1.2 1.0 1.7 Maturity (years) 37.6 38.2 28.2 31.9 33.9 32.1 36.4 33.S Grace period (years) 10.2 10.0 7.4 8.2 8.6 8.4 9.5 8,8 Grant element ('Yo) 76.1 69,5 59,2 6S.7 71.2 70.8 76,3 68,3 Private creditors Interest (%) 5.4 0,0 3.3 3,6 3.3 2.7 3.0 4.9 Maturity (years) 14.1 0,0 13.0 14,0 15.5 4.7 17.3 10,8 Grace period (years) 3.5 0.0 4,8 3,2 3.1 1.5 5.8 1.3 Grant element (%) 25.0 0,0 36.4 33,6 37.2 19,3 45.0 20,7 , .·lO,~~~~;.Q.LlGATlON80N Om'~TANP_l<~~~tmwDEBT'··. 2006 2007 2008 2009 2010 TOTAL Principal 883 818 858 1133 845 859 870 878 Interest 209 222 224 220 213 204 193 181 Official creditors Principal 641 696 745 753 764 778 792 810 Interest 187 202 206 205 201 195 186 177 Bilateral creditors Principal 329 328 324 292 271 250 236 226 Interest 49 46 43 39 35 31 28 24 Multilateral creditors Principal 312 368 421 461 494 528 556 584 Interest 138 156 163 167 166 163 159 153 Private creditors Principal 241 122 113 80 81 81 78 68 Interest 22 20 18 15 12 10 7 4 Notes: 50 BARBADOS (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 :l.SUMMAaYD:~iJn DATA TOTAL DEBT STOCKS (EDT) 683.0 473.8 548.2 700.7 712.2 721.2 702.5 660.0 Long-term debt (LDOD) 504.1 371.5 548.2 700.7 712.2 721.2 702.5 660.0 Public and publicly guaranteed 504,1 371,5 548,2 700,7 712.2 721.2 702.5 660.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.7 37.1 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 178.1 65.2 0.0 0.0 0.0 0.0 0.0 0.0 of which interest arrears on LDOD 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.2 0.2 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 Memorandum items Principal arrears on LDOD 0.7 0.8 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.7 0.8 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 TOTAL DEBT FLOWS Disbursements 90.6 54.6 125.3 183.0 35.6 32.0 17.4 22.6 Long-term debt 90.6 54.6 125.3 183.0 35.6 32.0 17.4 22.6 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 92.2 76.9 22.3 24.3 37.4 38.7 45.2 54.7 Long-term debt 88.4 58.8 22.3 24.3 37.4 38.7 45.2 54.7 IMF repurchases 3.8 18.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 18.8 -147.2 103.0 158.7 -1.8 -6.7 -27.8 -32.1 of which short -term debt 20.4 -125.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments (INT) 48.6 37.7 40.0 44.2 45.6 45.0 42.6 41.6 Long-term debt 39.3 27.2 40.0 44.2 45.6 45.0 42.6 41.6 IMF charges 0.4 2.8 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 8.9 7.7 0.0 0.0 0.0 0.0 0.0 0.0 Net transfers on debt -29.8 -184.9 63.1 114.5 -47.4 -51.6 -70.4 -73.7 Total debt service paid (TDS) 140.7 114.5 62.2 68.5 83.0 83.7 87.8 96.3 Long-term debt 127.7 86.0 62.2 68.5 83.0 83.7 87.8 96.3 IMF repurchases and charges 4.1 20.9 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 8.9 7.7 0.0 0.0 0.0 0.0 0.0 0.0 '.. 1~~GATENltlmB()\JRC5WW.sAND.NETT~~lW§~~. , ", >~"~, ,~, ~~,~ "~~ <~~ ~, ' ,8_', >'", " , ' '3,', ,',o,~' ",,'~,,, -'~ ~ NET RESOURCE FLOWS 14.6 8.8 124.0 177.9 18.0 148.1 -36.3 27.4 Net flow of long-term debt (ex. IMF) 2.1 -4.2 103.0 158.7 -1.8 -6.7 -27.8 -32.1 Foreign direct investment (net) 11.2 11.8 19.4 18.6 17.4 58.3 -12.1 62.0 Portfolio equity flows 0.0 0.0 0.0 0.0 1.1 94.7 0.3 -4.8 Grants (excluding technical coop.) 1.3 1.2 1.5 0.7 1.3 1.8 3.3 2.4 Memo: technical coop. grants 2.4 1.9 1.2 3.4 2.8 2.2 2.3 5.2 NET TRANSFERS -33.8 -25.3 67.0 115.4 -46.5 82.2 -155.0 -95.7 Interest on long-term debt 39.3 27.2 40.0 44.2 45.6 45.0 42.6 41.6 Profit remittances on FDI 9.1 6.8 17.0 18.4 18.9 20.9 76.1 81.5 .3.~ORJj!C~NOMtC A~~UdAr.s. .. Gross national income (GND 1699.9 1809.2 2462.9 2441.4 2360.8 2572.8 2686.3 2943.6 Exports of goods, servo & inc. (XGS) 928.9 1202.7 1530.9 1512.9 1459.8 1601.6 1692.3 2051.6 Worker remit. & camp. of employees 38.0 53.0 102.0 118.0 109.0 114.0 109.0 140.0 Imports of goods & services (MGS) 953.5 1150.4 1670.1 1617.1 1620.3 1766.5 2017.0 2400.8 International reserves (RES) 117.5 219.1 472.7 690.4 668.5 737.9 579.9 603.5 Current account balance -7.8 43.6 -145.0 -110.6 -167.6 -169.1 -336.6 -385.0 .. 4;HIJT lNDICA:r~DS EDT / XGS (%) 73.5 39.4 35.8 46.3 48.8 45.0 41.5 32.2 EDT/GNI(%) 40.2 26.2 22.3 28.7 30.2 28.0 26.2 22.4 TDS/XGS (%) 15.1 9.5 4.1 4.5 5.7 5.2 5.2 4.7 INT / XGS (%) 5.2 3.1 2.6 2.9 3.1 2.8 2.5 2.0 INT /GNI(%) 2.9 2.1 1.6 1.8 1.9 1.7 1.6 1.4 RES/EDT(%) 17.2 46.2 86.2 98.5 93.9 102.3 82.5 91.4 RES / MGS (months) 1.5 2.3 3.4 5.1 5.0 5.0 3.4 3.0 Short-term / EDT (%) 26.1 13.8 0.0 0.0 0.0 0.0 0.0 0.0 Concessi anal / EDT (%) 13.2 11.6 16.0 12.3 13.5 14.2 14.3 14.9 Multilateral/EDT (%) 26.5 34.0 49.4 39.2 41.2 43.0 42.8 41.7 51 BARBADOS (US$ million, unless otherwise indicated) 2000 DEBT OUTSTANDING (LDOD) 504.1 371.5 548.2 700.7 712.2 721.2 702.5 660.0 Public and publicly guaranteed 504.1 371.5 548.2 700.7 712.2 721.2 702.5 660.0 Official creditors 246.0 186.0 356.1 358.8 376.7 392.8 382.4 345.7 Multilateral 180,9 160.9 271.1 274.7 293.3 310.1 300.5 275.2 Concessional 56.8 46.0 83.0 81.7 92.3 98.8 97.3 95.3 Bilateral 65.1 25.2 85.0 84.1 83.4 82.6 81.9 70.5 Concessional 33.7 8.7 4.8 4.3 4.0 3.6 3.3 3.0 Private creditors 258.2 185.5 192.1 341.9 335.5 328.4 320.1 314.3 of which: Bonds 69.2 78.9 140.0 290.0 280.0 270.0 260.0 250.0 Commercial banks 163.1 104.2 44.8 43.5 48.4 53.5 57.9 64.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 36.0 19.3 13.9 11.2 9.8 11.5 11.5 11.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 499.5 371.3 548.2 700.7 712.2 721.2 702.5 660.0 Private sector LDOD 4.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 90.6 54.6 125.3 183.0 35.6 32.0 17.4 22.6 Public and publicly guaranteed 90.6 54.6 125.3 183.0 35.6 32.0 17.4 22.6 Official creditors 33.9 14.6 19.3 29.0 34.0 31.4 17.3 16.2 Multilateral 21.9 12.9 19.3 29.0 32.0 31.4 17.3 16.2 Concessional 1.7 0.3 5.7 2.6 15.1 11.7 7.4 10.2 Bilateral 12.1 1.7 0.0 0.0 2.0 0.0 0.0 0.0 Concessional 2.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 56.6 40.0 106.0 153.9 1.6 0.6 0.1 6.4 of which: Bonds 0.0 40.0 100.0 150.0 0.0 0.0 0.0 0.0 Commercial banks 56.6 0.0 0.0 0.0 0.0 0.0 0.0 6.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 5.4 3.5 0.0 0.0 0.7 3.6 1.9 1.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 88.4 58.8 22.3 24.3 37.4 38.7 45.2 54.7 Public and publicly guaranteed 88.4 58.8 22.3 24.3 37.4 38.7 45.2 54.7 Official creditors 17.8 21.4 21.7 21.4 24.5 25.9 32.4 42.5 Multilateral 13.2 16.3 20.0 20.5 21.8 25.1 31.6 31.1 Concessional 2.2 3.7 4.1 3.9 4.6 5.2 9.4 11.4 Bilateral 4.6 5.1 1.7 0.9 2.7 0.7 0.7 1l.5 Concessional 0.9 1.7 0.4 0.5 0.3 0.3 0.3 0.3 Private creditors 70.6 37.4 0.6 2.9 12.9 12.9 12.9 12.2 of which: Bonds 44.1 5.3 0.0 0.0 10.0 10.0 10.0 10.0 Commercial banks 20.2 27.2 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 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo; IBRD 7.1 4.7 3.0 2.6 2.1 1.9 1.9 1.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 INTEREST PAYMENTS (LINT) 39.3 27.2 40.0 44.2 45.6 45.0 42.6 41.6 Public and publicly guaranteed 39.3 27.2 40.0 44.2 45.6 45.0 42.6 41.6 Official creditors 14.4 12.4 25.7 23.4 19.0 18.9 16.9 17.1 Multilateral 11.5 lOA 17.6 16.4 14.3 14.8 13.0 12.0 ConcessionaJ 1.6 1.4 3.9 2.3 2.2 2.4 2.4 2.2 Bilateral 2.9 1.9 8.1 7.0 4.7 4.1 3.9 5.1 Concessional 004 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 24.9 14.9 14.2 20.8 26.6 26.0 25.7 24.5 of which: Bonds 8.1 3.1 8.5 15.3 20.8 19.7 18.7 17.7 Commercial banks 15.5 11.3 5.5 5.3 5.6 6.1 6.9 6.8 Private nonguaranteed 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 2.9 1.6 1.4 1.3 0.9 0.7 0.6 0.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52 BARBADOS (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Ruro 0.0 0.0 0.0 0.0 0.0 Japanese 13.7 10.5 0.0 0.0 0.0 0.0 0.0 0.0 Pound 13.6 12.6 8.2 6.2 6.8 7.4 8.2 9.7 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 35.3 36.8 65.3 72.4 70.9 69.0 68.9 68.4 Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total change in debt stocks -143.5 104.3 152.5 11.4 9.1 -1&.7 -42.5 Net flows on debt -147.2 103.0 158.7 -1.8 -6.7 -27.8 -32.1 0.7 2.8 -6.9 12.6 14.3 8.8 -13.6 ALL CREDITORS Interest (%) 10.2 10.0 5.7 7.0 5.4 0.0 0.0 0.0 Maturity (years) 18.6 10.8 9.9 19.7 20.0 0.0 0.0 0.0 Grace period (years) 15.3 6.2 9.1 17.9 5.0 0.0 0.0 0.0 Grant element (%) -5.5 -1.1 24.3 24.2 29.9 0.0 0.0 0.0 Otlicial creditors Interest (%) 6.5 6.3 0.0 5.2 5.4 0.0 0.0 0.0 Maturity (years) 15.4 18.1 0.0 17.5 20.0 0.0 0.0 0.0 Grace period (years) 4.9 3.6 0.0 4.5 5.0 0.0 0.0 0.0 Grant element (%) 21.7 20.9 0.0 29.0 29.9 0.0 0.0 0.0 Private creditors Interest (%) 11.7 10.4 5.7 7.3 0.0 0.0 0.0 0.0 Maturity (years) 19.8 10.0 9.9 20.0 0.0 0.0 0.0 0.0 Grace period (years) 19.3 6.5 9.1 20.0 0.0 0.0 0.0 0.0 Grant element (%) -16.1 -3.6 24.3 23.4 0.0 0.0 0.0 0.0 2006 2007 2008 2009 2010 TOTAL Principal 60.5 57.7 57.3 34.6 132.4 28.6 27.7 26.7 Interest 43.3 41.2 38.7 36.4 33.2 27.9 26.7 25.5 Official creditors Principal 60.5 57.7 57.3 34.6 32.4 28.6 27.7 26.7 Interest 18.4 16.3 13.& 11.5 10.3 9.0 7.8 6.6 Bilateral creditors Principal 22.2 22.2 22.2 0.8 0.8 0.5 0.5 0.5 Interest 5.2 3.5 1.7 0.3 0.2 0.1 0.1 0.0 Multilateral creditors Principal 38.3 35.6 35.1 33.8 31.7 28.1 27.2 26.2 Interest 13.2 12.7 12.1 11.2 10.1 8.9 7.7 6.6 Private creditors Principal 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 Interest 24.9 24.9 24.9 24.9 22.9 18.9 18.9 18.9 Notes: Data on long-term public and publicly guaranteed debt for 200S are based on World Bank Staff estimates. 53 BELARUS (US$ million, unless othelWise indicated) 1995 2000 2001 TOTAL DEBT STOCKS (EDT) 1,694 2,140 2,335 2,898 3,232 4,028 4,734 Long-term debt (LDOD) 1,302 787 945 1,213 1,231 1,083 1,231 Public and publicly guaranteed 1,301 689 664 749 710 744 783 PIivate nonguaranteed 0 98 281 465 521 339 448 Use of IMF credit 283 114 81 56 26 9 0 Short-term debt 110 1,239 1,309 1,629 1,975 2,936 3,503 of which interest arrears on LooD 19 14 5 1 2 0 I Official creditors 0 12 2 0 2 0 0 Private creditors 19 2 2 I 0 0 1 Memorandum items Principal arrears on LOOD 140 29 10 I 19 I 37 Official creditors 0 28 8 0 19 0 0 Private creditors 140 I 2 I 0 I 37 TOTAL DEBT FLOWS Disbursements 441 249 369 450 259 308 646 Long-term debt 258 249 369 450 259 308 646 IMF purchases 182 0 0 0 0 0 0 Principal repayments 108 261 219 279 332 257 519 Long -term debt 108 206 189 249 299 240 510 IMF repurchases 0 56 30 30 33 17 9 Net flows on debt 369 -89 230 494 181 1,013 694 of which short-term debt 36 -76 80 324 254 963 566 Interest payments (INT) 74 107 120 90 87 115 160 Long-term debt 59 39 59 37 33 41 50 IMF charges 10 7 5 2 1 0 0 Short-term debt 4 61 57 51 54 74 III Net transfers on debt 295 -196 109 404 94 899 533 Total debt service paid (TDS) 182 369 339 369 419 372 679 Long-term debt 167 244 248 286 332 281 560 IMF repurchases and charges 10 63 34 32 34 18 9 Short-term debt (interest only) 4 61 57 51 54 74 III NET RESOURCE FLOWS 301 189 300 468 153 252 470 Net flow of long-term debt (ex. IMF) 150 43 180 201 -40 68 136 Foreign direct investment (net) 15 119 96 247 172 164 305 Portfolio equity flows 0 1 3 I 3 I I Grants (excluding technical coop.) 136 27 22 19 18 21 28 Memo: technical coop. grants 27 14 19 24 18 26 28 NET TRANSFERS 242 146 228 404 83 136 285 Interest on long-term debt 59 39 59 37 33 41 50 Profit remittances on FDI 0 5 13 27 38 76 135 Gross national income (GNT) 13,922 12,684 12,312 14,565 17,801 23,123 29,581 Exports of goods. servo & inc. (XGS) 5,300 7,666 8,503 9,350 11,702 15,847 18,352 Worker remit. & compo of employees 29 139 149 141 222 256 370 Imports of goods & services (MGS) 5,805 8,160 9,060 9,870 12,351 17,344 18,087 International reserves (RES) 377 350 391 687 637 837 1.342 Current account balance -458 -338 -411 -326 -434 -1,194 434 EDT IXGS (%) 32.0 27.9 27.5 31.0 27.6 25.4 25.8 EDT/GNI(%) 12.2 16.9 19.0 19.9 18.2 17.4 16.0 TDS/XGS (%) 3.4 4.8 4.0 3.9 3.6 2.3 3.7 !NT I XGS (%) 1.4 1.4 1.4 1.0 0.7 0.7 0.9 INT I GNI (%) 0.5 0.8 1.0 0.6 0.5 0.5 0.5 RES I EDT (%) 22.3 16.4 16.7 23.7 19.7 20.8 28.3 RES J MGS (months) 0.8 0.5 0.5 0.8 0.6 0.6 0.9 Short-term I EDT (%) 6.5 57.9 56.1 56.2 61.1 72.9 74.0 Concessionall EDT (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Multilateral I EDT (%) ILl 10.1 7.8 5.7 4.5 3.1 1.7 54 BELARUS (US$ million, unless otherwise indicated) 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 1,302 787 945 1,213 1,231 1,083 1,231 Public and publicly guaranteed 1,301 689 664 749 710 744 783 Official creditors 769 400 351 397 381 480 566 Multilateral 188 217 183 166 146 124 81 Concessional 0 0 0 0 0 0 0 Bilateral 582 183 168 231 234 356 485 Concessional 477 83 81 118 127 127 146 Private creditors 532 289 314 352 329 264 217 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 46 56 45 64 48 35 54 Private nonguaranteed 0 98 281 465 521 339 448 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 98 281 465 521 339 448 Memo: IDRD \16 lOS 91 89 84 73 59 IDA 0 0 0 0 0 0 0 Public sector LDOD 1,301 689 656 730 695 732 775 Private sector LDOD 0 98 289 483 536 351 456 DISBURSEMENTS 258 249 369 450 259 308 646 Public and publicly guaranteed 258 143 134 152 47 197 252 Official creditors 131 25 49 90 14 181 188 Multilateral 77 25 11 9 1 2 7 Concessional 0 0 0 0 0 0 0 Bilateral 54 0 38 81 14 179 181 Concessional 20 0 0 40 13 4 35 Private creditors 127 118 85 62 33 16 64 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 20 48 27 23 2 0 32 Private nonguaranteed 0 106 235 298 212 111 395 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 106 235 298 212 111 395 Memo: IDRD \1 6 6 4 I 2 7 IDA 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 108 206 189 249 299 240 510 Public and publicly guaranteed 108 134 143 124 138 179 177 Official creditors 84 52 65 55 45 87 94 Multilateral 70 49 36 40 35 29 42 Concessional 0 0 0 0 0 0 0 Bilateral 15 4 29 15 10 58 52 Concessional 0 I 2 4 4 4 17 Private creditors 24 82 78 69 93 93 83 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 0 28 36 8 20 13 12 Private nonguaranteed 0 71 46 126 161 61 333 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 71 46 126 161 61 333 Memo: IDRD 0 14 14 14 15 16 16 IDA 0 0 0 0 0 0 0 INTEREST PAYME1'IilS (LINT) 59 39 59 37 33 41 50 Public and publicly guaranteed 59 38 46 36 32 36 38 Official creditors 32 18 28 17 13 16 17 Multilateral 23 17 14 11 9 7 5 Concessional 0 0 0 0 0 0 0 Bilateral 10 2 14 6 4 8 12 Concessional 1 2 2 2 3 4 4 Private creditors 26 19 18 20 19 21 21 of which: Bonds 0 0 0 0 0 0 0 Commercial banks 1 4 2 4 3 3 3 Private nonguaranteed 0 1 13 0 1 5 12 Bonds 0 0 0 0 0 0 0 Commercial banks and other 0 1 13 0 1 5 12 Memo: IDRD 8 6 5 5 4 3 3 IDA 0 0 0 0 0 0 0 55 BELARUS (US$ million. unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Euro 30.8 30.6 32.1 25.0 14.1 Japanese yen 2.3 2.2 2.3 2.2 2.2 1.7 1.1 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.8 48.9 53.2 55.5 52.3 61.7 72.0 Total amount rescheduled 0 50 29 3 0 0 0 Debt stock rescheduled 0 49 7 0 0 0 0 Principal rescheduled 0 0 17 3 0 0 0 Official 0 0 17 3 0 0 0 Private 0 0 0 0 0 0 0 Interest rescheduled 0 0 5 0 0 0 0 Official 0 0 5 0 0 0 0 Private 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 0 Total change in debt stocks 398 -122 195 562 334 796 706 Nct flows on debt 369 -89 230 494 181 1.013 694 valuation 28 -26 -22 57 63 22 -33 ALL CREDITORS Interest (%) 5.7 7.0 3.9 2.6 3.8 3.4 5.3 Maturity (years) 14.0 3.7 7.3 10.6 5.1 6.7 7.1 Grace period (years) 4.8 1.5 2.3 2.5 0.6 2.0 1.4 Grant element (%) 25.8 5.9 21.0 28.7 14.2 21.7 15.5 Official creditors Interest (%) 5.1 6.8 3.0 3.5 0.0 3.4 5.0 Maturity (years) 16.0 5.9 8.3 16.6 4.6 6.0 7.6 Grace period (years) 5.6 2.4 3.3 4.6 0.8 1.8 1.4 Grant element (%) 30.6 9.9 27.3 39.3 22.3 19.6 16.8 Private creditors Interest (% ) 8.1 7.2 4.7 1.8 3.9 3.5 8.9 Maturity (years) 5.8 2.5 6.4 5.1 5.1 8.4 1.I Grace period 1.6 1.0 1.4 0.6 0.6 2.4 1.I Grant element 5.9 3.6 15.2 19.0 14.0 26.3 l.l TOTAL Principal 275 238 220 174 162 114 69 68 Interest 60 46 35 32 24 17 II 8 Official creditors Principal 77 123 121 114 113 71 38 37 Interest 27 23 18 18 I3 9 6 4 Bilateral creditors Principal 52 101 102 109 109 68 35 35 Interest 23 20 16 17 12 8 5 4 Multilateral creditors Principal 25 22 19 6 4 4 3 2 Interest 4 3 2 1 I 0 Private creditors Principal 198 115 99 60 49 43 31 31 Interest 33 23 17 13 10 8 5 4 Notes: Short-term debt data have been revised from 1996. based 011 data from the National Bank of the Republic of Belarus. 56 BELIZE (US$ million, unless otherwise indicated) 2000 2001 TOTAL DEBT STOCKS (EDT) 143 255 615 716 857 1,065 955 1,000 Long-term debt (LDOD) 136 219 565 665 812 985 954 994 Public and publicly guaranteed 136 219 557 649 779 948 921 970 Private nonguaranteed 0 0 8 17 33 36 34 25 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 6 36 50 51 45 80 0 6 of which interest arrears on LDOD 1 1 0 0 0 0 0 6 Official creditors 0 0 0 0 0 0 0 4 Private creditors 0 0 0 0 0 0 0 2 Memorandum items Principal arrears on LDOD 2 I 0 0 J 0 0 2 Official creditors 1 1 0 0 0 0 0 0 Private creditors 1 0 0 0 I 0 0 2 TOTAL DEBT FLOWS Disbursements 18 31 223 167 244 265 223 206 Long-term debt 18 31 223 167 244 265 223 206 IMF purehases 0 0 0 0 0 0 0 0 Principal repayments 12 25 41 48 139 91 260 158 Long-term debt 9 25 41 48 139 91 260 158 IMF repurchases 3 0 0 0 0 0 0 0 Net flows on debt 7 27 181 120 99 209 -117 48 of which short -term debt 1 21 -1 I -6 35 -80 0 Interest payments (INT) 6 11 35 48 49 67 75 71 Long-term debt 6 10 32 46 47 66 73 71 IMFcharges 0 0 0 0 0 0 0 0 Short-term debt 0 1 3 2 2 2 2 0 Net transfers on debt 0 16 146 72 50 142 -192 -23 Total debt service paid (TDS) 18 37 76 96 189 158 335 228 Long-term debt 15 35 73 94 187 156 333 228 IMF repurchases and charges 3 0 0 0 0 0 0 0 Short-term debt (interest only) 0 1 3 2 2 2 2 0 NET RESOURCE FLOWS 30 34 216 203 140 172 80 183 Net flow of long-term debt (ex. IMp) 9 6 182 1I9 105 174 -37 48 Foreign direct investment (net) 17 21 23 61 25 -ll 111 126 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 4 8 II 23 10 9 6 9 Memo: technical coop. grants 13 12 5 6 5 4 5 6 NET TRANSFERS 17 17 154 124 60 75 -36 77 Interest on long-term debt 6 10 32 46 47 66 73 71 Profit remittances on FDI 8 8 31 33 33 31 42 35 Gross national income (GNI) 406 598 775 796 857 902 942 994 Exports of goods, servo & inc. (XGS) 269 314 464 470 515 562 578 662 \Vorker remit. & compo of employees 18 14 22 30 29 34 34 46 bnports of goods & services (MGS) 269 351 661 674 698 753 745 832 International reserves (RES) 70 38 123 112 115 85 48 71 Current account balance 15 -17 -162 -191 -165 -180 -152 -159 EDT IXGS (%) 53.1 81.2 132.5 152.2 166.6 189.5 165.1 151.0 EDT IGNI(%) 35.1 42.7 79.3 89.9 100.1 118.0 101.4 100.7 IDS I XGS (%) 6.8 11.7 16.4 20.5 36.6 28.1 57.9 34.5 !NT I XGS (%) 2.3 3.6 7.5 10.3 9.5 12.0 12.9 10.7 !NT IGNI (%) 1.5 1.9 4.5 6.1 5.7 7.4 7.9 7.1 RES I EDT (%) 48.9 14,7 20.0 15.6 13.4 8.0 5.1 7.1 RES I MGS (months) 3.1 1.3 2.2 2.0 2.0 1.3 0.8 1.0 Short-term I EDT (%) 4.3 14.0 8.1 7.1 5.3 7.5 0.0 0.6 Concessionall EDT (%) 56.6 36.7 17.1 13.9 11.9 8.8 12.4 14.2 Multilateral I EDT (%) 40.2 35.1 22.6 23.0 21.6 19.7 23.4 21.7 57 BELIZE (US$ million. unless otherwise indicated) 2000 ·$;~~~D.T<···· DEBT OUTSTANDING (LDOD) 136 219 565 665 812 985 954 994 Public and publicly guaranteed 136 219 557 649 779 948 921 970 Official creditors 118 175 228 246 251 267 295 312 Multilateral 57 89 139 165 185 210 224 217 Concessional 30 44 40 40 44 47 5S 54 Bilateral 61 86 89 81 66 57 71 95 Concessional 51 50 65 60 58 47 63 88 Privale creditors 18 44 328 403 529 682 626 658 of which: Bonds 0 0 75 72 211 308 375 482 Commercial banks 16 39 245 318 303 371 250 165 Private nonguaranteed 0 0 8 17 33 36 34 25 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 8 17 33 36 34 25 Memo: IDRD 18 30 40 43 44 42 39 35 IDA 0 () () () 0 0 0 () Public sector LOOD 136 219 557 649 779 948 921 970 Private sector LDOD 0 () 8 17 33 36 34 25 DISBURSEMENTS 18 31 223 167 244 265 223 206 Public and publicly guaranteed 18 31 218 159 228 260 223 206 Official creditors 13 26 27 35 31 43 43 45 Multilateral 6 12 22 33 27 36 25 13 Concessional 2 3 4 4 5 4 8 4 Bilateral 7 13 4 2 4 7 19 31 Concessional 5 4 I 1 4 I 18 31 Private creditors 5 5 192 124 197 217 180 161 of which: Bonds 0 0 86 0 143 100 70 143 Commercial banks 5 5 96 117 48 117 110 8 Private nonguaranteed 0 0 5 8 16 5 0 0 Bonds 0 0 0 0 0 0 0 () Commercial banks and other 0 0 5 8 16 5 0 0 Memo: IDRD 3 6 2 7 5 2 2 I IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPA YMENTS 9 25 41 48 139 91 260 158 Public and publicly guaranteed 9 25 41 48 139 89 258 156 Official creditors 7 18 20 18 21 25 27 24 Multilateral 3 7 9 9 9 15 18 18 Concessional 2 3 3 3 3 3 3 3 Bilateral 4 II 11 10 12 10 9 6 Concessional 1 3 7 6 7 6 7 6 Pri vate creditors 2 8 22 30 119 64 231 132 of which: Bonds 0 0 II 3 4 3 3 36 Commercial banks 2 5 9 25 106 49 227 95 Private nonguaranteed 0 0 0 0 0 2 3 2 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 () 0 0 2 3 2 Memo: mRD J 2. 4 3 4 5 5 4 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 6 10 32 46 47 66 73 71 Public and publicly guaranteed 6 10 32 46 47 65 72 70 Official creditors 4 8 12 13 11 12 12 13 Multilateral 3 4 7 9 8 9 9 9 Concessional I 1 I I 1 1 1 1 Bilateral I 4 4 4 3 3 3 4 Concessional 1 1 2 2 2 2 2 3 Private creditors 1 2 20 33 36 53 61 57 of which: Bonds 0 0 1 8 8 27 38 41 Commercial banks I 2 18 24 27 26 23 15 Private nonguaranteed 0 0 0 0 0 1 0 1 Bonds 0 () 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 1 0 1 Memo: IDRD I 2 3 :3 3 2 2 2 IDA 0 0 0 0 0 0 0 0 58 BELIZE (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2003 Euro 4.1 3.5 1.8 1.9 1.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 23.6 10.0 1.8 1.3 1.0 0.7 0.6 0.4 Swiss franc 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 45.3 62.7 92.6 93.1 93.8 96.1 95.7 96.6 Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 9 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 () 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 56 219 10l 141 207 -110 45 Net flows on debt 27 181 120 99 209 -117 48 I -2 -1 6 7 2 -3 ALL CREDITORS Interest (%) 5.0 6.0 8.6 5.0 8.4 9.1 6.5 5.2 Maturity (years) 10.0 17.6 12.0 10.1 9.8 7.9 10.2 6.9 Grace period (years) 2.5 3.9 3.7 3.8 8.7 6.3 7.4 1.6 Grant element (%) 21.2 23.0 7.7 14.2 4.8 2.8 21.7 13.7 Official creditors Interest (%) 5.0 5.9 6.3 5.8 6.1 3.6 2.8 0.0 Maturity (years) 10.0 17.9 21.1 20.S 19.4 15.4 20.4 0.0 Grace period (years) 2.5 3.9 5.3 5.1 4.1 3.3 4.6 0.0 Grant element (%) 21.2 23.3 24.0 27.1 23.5 31.0 47.4 0.0 Private creditors Interest (%) 0.0 8.6 9.5 4.6 8.6 9.5 7.2 5.2 Maturity (years) 0.0 4.8 8.1 5.4 9.1 7.3 8.0 6.9 Grace period (years) 0.0 0.3 3.0 3.2 9.0 6.5 8.0 1.6 Grant element (%) 0.0 2.7 0.7 8.3 3.3 0.9 16.2 \3.7 2006 2007 2008 2009 2010 TOTAL Principal 106 75 70 66 79 55 184 34 Interest 67 61 57 54 49 44 40 25 Official creditors Principal 24 26 25 24 23 22 20 18 Interest 15 14 13 12 11 10 9 8 Bilateral creditors Principal 4 5 5 6 6 5 5 5 Interest 5 4 4 4 4 3 3 3 Multilateral creditors Principal 20 21 19 ]8 18 17 15 14 Interest 11 10 9 8 7 7 6 5 Private creditors Principal 81 49 45 42 55 33 164 16 Interest 52 47 44 41 37 34 3] 17 Notes: Short-term debt data are World Bank staff estimates. 59 BENIN (US$ million, unless otherwise indicated) TOTAL DEBT STOCKS (EDT) 1,292 1,614 1,591 1,661 1,836 1,828 1,916 1,855 Long.term debt (LDOD) 1,218 1,483 1,442 1,505 1,689 1,726 1,827 1,762 Public and publicly guaranteed 1,218 1,483 1,442 1,505 1,689 1,726 1,827 1,762 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of I!'vIF credit 18 84 84 77 73 73 65 53 Short·term debt 55 47 65 79 74 29 24 39 of which interest arrears on LDOD 21 8 0 0 0 0 0 0 Official creditors 18 7 0 0 0 0 0 0 Private creditors 2 1 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 69 71 0 0 0 0 0 0 Official creditors 60 67 0 0 0 0 0 0 Pri vate creditors 9 4 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 120 115 39 124 72 69 78 87 Long-tenn debt 120 101 30 113 67 60 76 86 IMF purchases 0 14 9 10 5 9 2 1 Principal repayments 20 26 5S 32 33 42 44 49 Long-tenn debt 19 24 45 23 23 32 37 41 IMF repurchases 2 2 11 10 10 10 8 7 Net Rows on debt 92 105 ·65 105 34 ·17 29 S4 of which short-tenn debt -8 16 -48 13 -5 -45 -5 15 Interest payments (INT) 18 23 20 17 26 18 19 20 Long-tenn debt 14 21 15 14 22 16 18 19 IMF charges 0 0 0 0 0 0 0 0 Short-tenn debt 4 2 4 3 3 2 I 2 Net transfers on debt 74 81 ·85 88 9 -35 9 33 Total debt service paid (TDS) 38 50 75 50 58 60 64 69 Long-tenn debt 33 46 60 37 45 48 54 60 IMF repurchases and charges 2 2 11 10 10 10 8 8 Short-term debt (interest only) 4 2 4 3 3 2 1 2 NET RESOURCE FLOWS 274 239 198 275 189 259 4S0 260 Net flow of long-tenn debt (ex. IMF) 102 77 -14 91 44 28 39 45 Foreign direct investment (net) 62 13 67 51 18 48 108 21 Portfolio equity flows 0 0 0 0 2 0 -3 0 Grants (excluding technical coop.) 110 149 145 134 125 183 305 194 Memo: technical coop. grants 49 61 68 61 68 91 90 94 NET TRANSFERS 260 212 176 254 149 216 402 241 Interest on long-tenn debt 14 21 15 14 22 16 18 19 Profit remittances on FDI 0 6 7 7 17 26 30 0 Gross national income (GNI) 1,806 1,965 2,243 2,351 2,781 3,515 4,006 4,259 Exports of goods, servo & inc. (XGS) 465 730 640 628 695 789 877 Worker remit. & compo of employees 101 100 87 84 76 55 63 63 Imports of goods & services (MGS) 492 926 751 788 939 1,137 1,205 International reserves (RES) 69 198 458 578 616 718 640 657 Current account balance -18 -167 -81 -75 -156 -331 -288 EDT/XGS (%) 277.9 221.1 248.5 264.5 264.1 231.7 218.4 EDT I GNI(%) 71.5 82.1 70.9 70.7 66.0 52.0 47.8 43.5 TDS/XGS(%) 8.2 6.8 11.8 7.9 8.4 7.6 7.2 INT IXGS (%) 3.8 3.2 3.1 2.8 3.7 2.3 2.2 !NT I GNI(%) 1.0 1.2 0.9 0.7 0.9 0.5 0.5 0.5 RES I EDT (%) 5.4 12.3 28.8 34.8 33.5 39.3 33.4 35.4 RES I MGS (months) L7 2.6 7.3 8.8 7.9 7.6 6.4 Short-tenn I EDT (%) 4.3 2.9 4.1 4.7 4.0 1.6 1.3 2.1 Concessionall EDT (%) 78.1 77.6 84.3 84.9 86.2 90.1 90.8 91.9 Multilateral! EDT (%) 41.6 54.0 59.7 59.6 62.6 70.8 73.5 72.5 60 BENIN (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 1,218 1,483 1,442 1,505 1,689 1,726 1,827 1,762 Public and publicly guaranteed 1,218 1,483 1,442 1,505 1,689 1,726 1,827 1,762 Official creditors 1.202 ],479 1,439 LS03 1,686 1,722 1.823 1,762 Multilateral 537 871 950 989 1,149 1,294 1,408 1,344 Concessional 497 847 929 971 1,127 1,271 1,377 1,330 Bilateral 665 607 489 513 537 429 415 418 Concessional 512 407 412 439 456 377 363 373 Private creditors 17 4 3 3 3 4 4 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 326 498 578 598 654 729 791 771 Public sector LDOD 1,218 1,483 1.442 1,505 1,689 1,726 1,827 1,762 Private sector WOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 120 101 30 113 67 60 76 86 Public and publicly guaranteed 120 101 30 113 67 60 76 86 Official creditors 120 101 30 113 67 60 76 86 Multilateral 91 83 29 97 60 56 76 86 Concessional 82 79 29 97 60 56 76 86 Bilateral 29 18 2 16 7 5 0 0 Concessional 29 18 2 16 7 5 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial hanks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 56 31 36 48 23 28 42 49 PRINCIPAL REPAYMENTS 19 24 45 23 23 32 37 41 Public and publicly guaranteed 19 24 45 23 23 32 37 41 Official creditors 18 24 45 23 23 32 37 37 Multilateral 18 17 15 15 13 14 18 22 Concessional 7 12 12 12 11 12 17 20 Bilateral 0 8 30 8 10 17 18 15 Concessional 0 3 24 8 9 15 16 13 Private creditors 0 0 0 0 0 0 0 4 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 3 4 4 3 4 5 6 INTEREST PAYMENTS (LINT) 14 21 15 14 22 16 18 19 Public and publicly guaranteed 14 21 15 14 22 16 18 19 Official creditors 14 21 15 14 22 16 18 18 Multilateral 13 9 9 8 12 11 13 13 Concessional 6 7 8 7 11 9 12 12 Bilateral 1 13 6 6 10 6 5 5 Concessional ) 4 3 4 6 3 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 4 4 4 4 5 6 6 61 BENIN (US$ million. unless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 9.0 8.9 7.7 7.3 7.6 Japanese yen 0.0 0.0 2.3 1.9 3.7 2.0 2.0 1.8 Pound sterling 0.9 0.4 0.3 0.3 0.3 0.3 0.3 0.2 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.8 51.8 60.9 61.4 58.6 59.7 58.0 56.4 ?DEIll' :R.Jl:STRtlC;~· Total amount rescheduled 12 5 53 24 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 9 0 37 0 0 0 0 0 Official 4 0 37 0 0 0 0 0 Private 5 0 0 0 0 0 0 0 Interest rescheduled 1 3 6 3 0 0 0 0 Official 0 3 6 3 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 122 137 4 10 11 12 12 13 Memo: interest forgiven 3 2 I 1 0 I I 1 Debt stock reduction 0 0 0 0 0 59 0 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 25 -96 70 175 -8 88 -62 Net flows on debt 105 -65 105 34 -17 29 54 -4 -53 -35 80 110 55 -119 ALL CREDITORS Interest (%) 1.3 1.3 1.6 0.9 0.9 0.0 0.8 0.6 Maturity (years) 39.2 33.1 36.0 40.2 39.3 0.0 43.4 42.2 Grace period (years) 8.4 8.7 8.3 12.8 95 0.0 10.0 8.7 Grant element (%) 72.0 70.4 68.5 78.6 76.9 0.0 80.3 80.4 Official creditors Interest (%) 1.3 1.3 1.6 0.9 0.9 0.0 O.S 0.6 Maturity (years) 39.2 33. I 36.0 40.2 39.3 0.0 43.4 42.2 Grace period (years) 8.4 8.7 8.3 12.8 9.5 0.0 lO.O 8.7 Grant element (%) 72.0 70.4 68.5 78.6 76.9 0.0 80.3 80.4 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL Principal 82 78 82 82 85 84 87 88 Interest 18 18 17 16 16 IS 14 13 Official creditors Principal 82 78 82 82 85 84 87 88 Interest 18 18 17 16 16 15 14 13 Bilateral creditors Principal 42 37 41 40 40 40 40 39 Interest 5 4 4 4 3 3 3 2 Multilateral creditors Principal 40 41 41 42 44 44 47 49 Interest 13 13 13 13 12 12 11 11 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: 62 BHUTAN (US$ million, unless othen1iise indicated) 1995 2000 TOTAL DEBT STOCKS (EDT) 83.5 105.8 203.8 265.2 377.9 485.9 593.3 649.2 Long-term debt (LDOD) 80.3 105.2 202.2 265.2 376.9 481.5 593.3 636.7 Public and publicly guaranteed 80,3 105,2 202.2 265.2 376.9 481.5 593,3 636,7 Private non guaranteed 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 debt 3.3 0.6 1.5 0.0 1.0 4.4 0.0 12.5 of which interest arrears on LDOD 0.3 0.6 0.0 0.0 0,0 0.0 0.0 4.5 Official creditors 0.3 0.6 0.0 0.0 0.0 0,0 0,0 4.5 Pri vate creditors 0.0 0,0 0,0 0.0 0.0 0,0 0.0 0,0 Memorandum items Principal arrears on LDOD 1.5 0,2 0.0 0.0 0.0 0,0 0.0 4,1 Official creditors 1.5 0.2 0.0 0.0 0.0 0.0 0,0 4.1 Pri vate creditors 0.0 0,0 0.0 0.0 0.0 0,0 0.0 0,0 TOTAL DEBT FLOWS Disbursements 8.4 9.9 34.8 79.5 97.8 92.3 92.6 81.9 Long-term debt 8.4 9,9 34.8 79.5 97.8 92.3 92.6 81.9 IMF purchases 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.9 7.2 4.7 4.5 4.5 4.8 6.7 4.6 Long-term debt 2.9 7.2 4.7 4.5 4.5 4.8 6,7 4,6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0,0 Net flows on debt 6.5 2.7 29.6 73.4 94.3 90.9 81.4 85.3 of which short-term debt 1.0 0,0 -0.5 -1.5 1.0 3.4 -4.4 8,0 Interest payments (INT) 2.3 2.6 2.0 1.8 1.9 2.4 5.2 2.2 Long-term debt 2.0 2.6 1.8 1.7 1.9 2.3 5.2 2,0 IMFcharges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short -term debt 0.2 0.0 0.2 0.0 0.0 0.1 0.1 0,2 Net transfers on debt 4.2 0.1 27.6 71.7 92.4 88.5 76.2 83.1 Total debt service paid (TDS) 5.2 9.8 6.7 6.3 6.5 7.2 12.0 6.8 Long-tern! debt 5.0 9.8 6.5 6.3 6.4 7.1 11.9 6.6 IMF repurchases and charges 0.0 0,0 0.0 0.0 0.0 0,0 0.0 0,0 Short-term debt (interest only) 0,2 0.0 0.2 0.0 0.0 OJ 0.1 0.2 NET RESOURCE FLOWS 24.0 42.2 50.6 105.2 125.8 130.2 128.2 124.1 Net flow of long-term debt (ex. lMF) 5.5 2,7 30.1 74.9 93.3 87.5 85.8 77.3 Foreign direct investment (net) 1.6 0.1 -0.1 0,3 0.3 1.1 1.0 0.8 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0,0 0,0 Grants (excluding technical coop.) 16.9 39.5 20.6 30.0 32.2 41.7 41.4 46.0 Memo: technical coop. grants 23.7 27.1 21.8 17.1 19.6 22.7 22,7 23.4 NET TRANSFERS 21.9 39.6 48.8 103.5 123.9 127.9 123.0 122.1 Interest on long-term debt 2.0 2.6 1.8 1.7 1.9 2.3 5.2 2.0 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 0,0 0.0 0,0 Gross national income (GNI) 299,2 300.6 446.4 494.6 538.2 594.9 712.6 821.5 Exports of goods, servo & inc. (XGS) Worker remit. & comp, of employees 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 hnports of goods & services (MGS) International reserves (RES) 88.8 130.5 317.6 323.4 354.9 366,6 398.6 467.4 Current account balance EDT/XGS (%) EDT I GNI (%) 27.9 35.2 45.6 53.6 70.2 81.7 83.3 79,0 IDS IXGS (%) INT/XGS (%) INT I GNI(%) 0.8 0.9 0,4 0.4 0.4 0.4 0.7 0.3 RES I EDT (%) 106.3 123.3 155.9 121.9 93.9 75.4 67.2 72.0 RES I MGS (months) Short-term I EDT (%) 3.9 0.5 0.8 0.0 0.3 0.9 0.0 1.9 Concessionall EDT (%) 74.0 93.0 65.5 51.7 49.4 43.7 40.5 37.8 Multilateral I EDT (%) 50.1 64.5 49.4 40.5 37.2 30.7 28.6 27,3 63 BHUTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (I.DOD) SO.3 105.2 202.2 265.2 376.9 481.5 593.3 636.7 Public and publicly guaranteed 80.3 105.2 202.2 265.2 376.9 481.5 593.3 636.7 Official creditors 61.8 98.4 202.2 265.2 376.9 481.5 593.3 636.7 Multilateral 41.9 68.2 100.6 107.5 140.5 149,1 169,6 177.1 Concessional 41.9 68.2 100.6 107.5 140.5 149.1 169.6 177.1 Bilateral 19.9 30.2 101.6 157.6 236.4 332.4 423.7 459.6 Concessional 19.9 30.2 32.9 29.6 46.1 63.1 71.0 68.3 Private creditors 18.5 6.8 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 16.1 22.5 26.1 30.7 38.5 49.2 60.3 63.3 Public sector LDOD 80.3 105.2 202.2 265.2 376.9 481.5 593.3 636.7 Private sector LDOD 0.0 0.0 0.0 0,0 0.0 0.0 0,0 0.0 DL';UURSEMEJ'I,'TS 8.4 9.9 34.8 79.5 97.8 92.3 92.6 81.9 Public and publicly guaranteed 8.4 9.9 34.8 79.5 97.8 92.3 92.6 81.9 Official creditors 8.4 9.9 34.8 79.5 97.8 92.3 92.6 81.9 Multilateral 7.2 5.8 ll.8 13.5 23.0 12.7 16.4 22.1 Concessional 7,2 5.8 11.8 13.5 23.0 12,7 16,4 22,1 Bilateral 1.2 4.1 23.0 66.0 74.9 79.6 76.1 59.9 Concessional 1.2 4.1 0.9 3.2 13.9 12.1 5.8 8.6 Pri vate 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 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0,0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.0 1.2 3.6 6.0 5.5 6.9 9.0 8.4 PRINCIPAL REPAYMENTS 2.9 7.2 4.7 4.5 4.5 4.8 6.7 4.6 Public and publicly guaranteed 2.9 7.2 4.7 4.5 4.5 4.8 6.7 4.6 Official creditors 0.3 4.9 4.7 4.5 4.5 4.8 6.7 4.6 Multilateral 0.0 0.6 1.3 1.2 1.2 1.3 1.8 2.2 Concessional 0.0 0.6 1.3 1.2 1.2 1.3 1.8 2.2 Bilateral 0.3 4.3 3.4 3.4 3.4 3.5 4.9 2.5 Concessional 0.3 4.3 3.4 3.4 3.4 3.5 2,9 2.5 Private creditors 2.6 2.3 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.3 0.3 0.3 0.3 0.5 0.7 INTEREST PAYMENTS (LINT) 2.0 2.6 1.8 1.7 1.9 2.3 5.2 2.0 Public and publicly guaranteed 2.0 2.6 1.8 1.7 1.9 2.3 5.2 2.0 Official creditors 0.4 2.0 1.8 1.7 1.9 2.3 5.2 2.0 Multilateral 0.3 0.6 0.9 0.9 1.0 1.2 1.6 1.6 Concessional 0.3 0.6 0.9 0.9 1.0 1.2 1.6 1.6 Bilateral 0.1 1.4 0.9 0.8 0.9 1.1 3.6 0.4 Concessional 0.1 1.4 0.9 0.8 0.9 1.1 1.4 0.4 Private creditors 1.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.2 0.2 0.2 0,3 0.6 0.6 64 BHUTAN (US$ million, lmless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 4.9 8.5 10.6 10.3 9.6 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 43.1 28.6 17.7 17.6 18.3 17.7 17.6 18.2 Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total change in debt stocks 9.7 1.3 20.0 61.4 112.7 108.0 107.3 55.9 Net flows on debt 6.5 2.7 29.6 73.4 94.3 90.9 81.4 85.3 valuation 1.1 -2.0 -10.6 -7.7 10.6 27.4 22.7 -32.3 ALL CREDITORS Interest (%) 0.0 1.3 3.6 1.1 6.8 5.6 8.9 0.8 Maturity (years) 0.0 33.4 31.7 31.5 23.2 28.6 21.9 28.6 Grace period (years) 0.0 11.2 10.0 g,g 9.9 9.9 9.9 7.1 Grant element (%) 0.0 73.8 53.1 72.6 24.8 37.2 8.3 65.9 Official creditors Interest (%) 0.0 1.3 3.6 \.1 6.8 5.6 8.9 0.8 Maturity (years) 0.0 33.4 31.7 31.5 23.2 28.6 21.9 28.6 Grace period (years) 0.0 11.2 10.0 8.8 9.9 9.9 9.9 7.1 Grant element (%) 0.0 73.8 53.1 72.6 24.8 37.2 8.3 65.9 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 peri od 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL Principal 39.1 41.3 39.3 40.5 43.8 43.9 44.3 44.6 Interest 38.8 38.1 35.6 32.6 29.7 26.6 23.5 20.4 Official creditors Principal 39.1 41.3 39.3 40.5 43.8 43.9 44.3 44.6 Interest 38.8 38.1 35.6 32.6 29.7 26.6 23.5 20.4 Bilateral creditors Principal 36.6 38.6 35.7 35.3 37.6 37.6 37.6 37.6 Interest 36.8 35.9 33.3 30.3 27.3 24.2 21.2 18,2 Multilateral creditors Principal 2.5 2.7 3.6 5.2 6.2 6.3 6.7 7.0 Interest 2.0 2.2 2.3 2.4 2.4 2.3 2.3 2.2 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: 65 BOLIVIA (US$ million, unless otherwise indicated) 1995 2000 TOTAL DEBT STOCKS (EDT) 4,275 5,272 5,785 4,690 5,003 5,795 6,215 6,390 Long.term debt (LDOD) 3,864 4,698 5,163 4,103 4,438 5,185 5,636 5,965 Public and publicly guaranteed 3.687 4,459 4.137 3.124 3,514 4,154 4,551 4.564 Private nonguaranteed 177 239 1,026 979 923 L031 1,085 1,401 Use of IMF credit 257 268 220 207 195 279 307 244 Short· term debt 154 307 402 380 370 332 272 182 of which interest arrears on LDOD 6 20 2 0 0 0 0 0 Official creditors 2 7 2 0 0 0 0 0 Private creditors 4 13 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 31 30 19 0 0 0 0 0 Official creditors 9 21 19 0 0 0 0 0 Private creditors 22 9 0 0 0 0 0 0 TOTAL DEBT 'FLOWS Disbursements 331 520 759 571 618 932 729 895 Long-tenn debt 300 494 744 547 618 842 673 881 LM:F purchases 31 26 15 24 0 90 56 14 Principal repayments 241 199 454 360 362 302 378 355 Long-tenn debt 196 173 434 340 345 284 356 315 IMF repurchases 46 26 20 21 17 19 22 40 Net flows on debt 32 341 294 191 246 591 291 450 of which short-tenn debt -57 20 -10 -20 -10 -38 -60 -91 Interest payments (INT) 144 173 180 184 1I5 133 141 174 Long-tenn debt 117 155 159 168 100 116 124 158 IMF charges 13 J J J J I 4 6 Short-tenn debt 14 17 20 15 15 15 13 10 Net transfers on debt ·112 168 114 7 130 458 151 275 Total debt service paid (TDS) 385 372 634 544 478 435 519 529 Long-tenn deht 313 328 593 507 445 400 481 473 IMF repurchases and charges 59 27 21 22 18 20 25 46 Shon-tenn debt (interest only) 14 17 20 15 15 15 J3 10 NET RESOURCE FLOWS 334 1,042 1,267 1,266 1,549 1,207 1,150 555 Net flow oflong-tenn debt (ex, IMF) 104 321 309 207 273 558 317 566 Foreign direct investment (net) 27 393 736 706 677 197 65 -277 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 202 328 221 353 600 451 767 265 Memo: technical coop. grants 108 217 147 231 212 265 242 193 NET TRANSFERS 200 862 960 931 1,266 857 733 126 Interest on long-tenn debt 117 ISS 159 168 100 116 124 158 Profit remittances on PDI 17 24 148 168 183 234 292 270 Gross national income (GNf) 4,626 6.494 8,172 7.930 7,701 7.790 8,329 8,961 Expons of goods, serv, & ine. (XGS) 998 1,264 1,711 1,749 1,742 2,159 2,817 3,585 Worker remit & camp. of employees 5 7 127 135 113 159 210 338 Imports of goods & services (MGS) 1,354 1,809 2,443 2,312 2,380 2,422 2,792 3,367 International reserves (RES) 511 1,005 1,184 1,146 893 1,097 1,271 1,795 Current account balance -199 -303 -446 -274 -352 76 337 498 EDT/XGS (%) 428,6 417.1 338,2 268,1 287.3 268.4 220.7 178.3 EDT I GNI (%) 92.4 81.2 70.8 59.1 65.0 74.4 74.6 7L3 IDS /XGS (%J 38.6 29.4 37.1 31.1 27.4 20.2 18.4 14.8 INT /XGS (%) 14.4 13,7 10.5 10.5 6.6 6.2 5.0 4,9 INT IGNI (%J 3,1 2,7 2.2 2.3 1.5 1.7 l.7 1.9 RES I EDT (%) 12.0 19,1 20.5 24.4 17.8 18.9 20.5 28.1 RES (MGS (months) 4.5 6.7 5.8 5.9 4,5 5.4 5.5 6A Shon-teno / EDT (%) 3,6 5.8 7.0 8.1 7A 5.7 4.4 2,8 Concessional ( EDT (%) 44.2 51.7 53,9 47,8 52,7 55.4 58.4 57.8 Multilateral! EDT (%) 37,2 48.9 48.5 62.3 65.6 67.6 68.3 65.9 66 BOLIVIA (US$ million, unless otherwise indicated) 1995 2000 DEBT OUTSTANDING (LDOD) 3,864 4,698 5,163 4,103 4,438 5,185 5,636 5,965 Public and publicly guaranteed 3,687 4,459 4,137 3,124 3,514 4,154 4,551 4,564 Official creditors 3,362 4.396 4,103 3.104 3,490 4.129 4.525 4,541 Multilateral 1,589 2,579 2,803 2,924 3,284 3,920 4,243 4,209 Concessional 882 1,397 1,968 2.080 2,442 3,003 3,350 3,362 Bilateral 1,773 1,817 1,300 180 207 209 283 333 Concessional 1,006 1,327 U50 162 194 204 282 333 Pri vate creditors 325 63 33 20 24 25 26 23 of which: Bonds 35 17 0 0 0 0 0 0 Commercial banks 4 9 3 0 0 0 0 0 Private nonguaranteed 177 239 1,026 979 923 1,031 1,085 1,401 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 177 239 1,026 979 923 1.031 1,085 IA01 Memo: lBRD 194 95 0 0 0 0 0 0 IDA 393 770 1,096 1,146 \,321 1,571 1,750 1,673 Public sector LDOD 3,687 4A59 3,759 3,081 3,469 4,117 4,523 4,541 Private sector LDOD 177 239 1,403 1,022 969 1,067 1.112 1,424 DISBURSEMENTS 300 494 744 547 618 842 673 881 Public and publicly guaranteed 300 427 276 374 498 618 496 434 Official creditors 291 427 263 370 495 617 494 434 Multilateral 204 383 238 324 460 597 408 351 Concessional 90 174 151 191 300 403 295 232 Bilateral 86 45 25 46 36 20 85 83 Concessional 85 45 21 41 34 20 85 83 Private creditors 9 0 13 3 3 I 2 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 67 468 173 119 224 177 447 Bonds Commercial banks and other ° 0 0 0 67 0 468 0 173 0 119 0 224 0 177 0 447 Memo: lBRD 0 0 0 0 0 0 0 0 IDA 49 113 61 102 104 143 124 71 PRINCIPAL REPAYMENTS 196 173 434 340 345 284 356 315 Public and publicly guaranteed 172 155 153 143 147 189 181 184 Official creditors 163 147 149 140 147 187 179 181 Multilateral 117 120 118 116 130 168 170 169 Concessional 14 22 21 15 14 24 23 27 Bilateral 46 27 32 24 16 19 9 13 Concessional 9 3 22 18 10 11 5 12 Private creditors 9 8 4 2 1 1 2 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 4 1 0 0 0 0 0 Private nonguaranteed 24 18 281 197 198 95 175 131 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 24 18 281 197 198 95 175 131 Memo: IBRD 21 26 12 0 0 0 0 0 IDA 2 2 0 1 7 6 8 8 INTEREST PAYMENTS (LINT) 117 155 159 168 100 116 124 158 Public and publicly guaranteed 103 137 112 99 68 80 78 100 Official creditors 101 133 111 97 68 79 78 99 Multilateral 69 100 82 72 61 76 75 94 Concessional 10 17 15 10 12 27 33 44 Bilateral 32 33 29 25 6 4 3 5 Concessional 6 24 23 22 5 3 2 5 Private creditors 2 4 I I 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 I 0 0 0 0 0 0 Private nonguaranteed 14 19 47 69 32 36 46 59 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 14 19 47 69 32 36 46 59 Memo: lBRD 15 9 0 0 0 0 0 IDA 3 6 1 7 8 12 12 67 BOLIVIA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Euro 0.7 1.0 0.9 1.7 L5 Japanese yen 10.0 13.2 12.3 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.9 0.7 0.2 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 41.3 32.7 45.0 61.0 65.9 70.7 73.0 75.4 Total amount rescheduled 153 196 0 0 3 0 0 0 Debt stock rescheduled 0 10 0 0 0 0 0 0 Principal rescheduled 81 138 0 0 0 0 0 0 Official 69 137 0 0 0 0 0 0 Private 12 1 0 0 0 0 0 0 Interest rescheduled 63 46 0 0 0 0 0 0 Official 59 46 0 0 0 0 0 0 Private 3 1 0 0 0 0 0 0 Debt forgiven 92 74 28 99 41 33 33 38 Memo: interest forgiven 60 8 8 18 13 12 17 12 Debt stock reduction 20 0 18 1,050 61 0 0 0 of which debt 4 0 0 0 0 0 0 0 Total change in debt stocks 143 396 237 -1,095 313 792 420 175 Net flows on debt 32 341 294 191 246 591 291 450 114 -33 -212 -193 113 226 80 -195 ALL CREDITORS Interest (%) 4.2 3.8 4.2 3.3 3.9 3.0 3.2 4.7 Maturity (years) 29.2 28.9 28,4 23.2 23.1 22.3 17.7 21.4 Grace period (years) 7.9 7.7 7.8 6.0 6.2 6.4 4.5 5.6 Grant element (%) 47.8 50.0 48.0 46.2 43.1 48.5 40.7 37.1 Official creditors Interest (%) 4.\ 3.8 4.2 3.3 3.9 3.0 3.2 4.7 Maturity (years) 29.5 29.1 28.6 23.3 23.2 22.3 17.7 21.4 Grace period (years) 7.9 7.8 7.9 6.1 6.2 6.4 4.5 5.6 Grant element (%J 48.4 50.4 48.2 46.5 43.2 48.5 40.7 37.1 Private creditors Interest (%) 9,4 6.7 7.4 5.9 6.3 0.0 0.0 0.0 ~aturity (years) 5.8 5.6 5.8 5.6 5.5 0.0 0.0 0.0 Grace period 1.5 1.0 0.8 1.1 1.0 0.0 0.0 0.0 Grant element 1.0 8.2 6.3 10.5 9.5 0.0 0.0 0.0 2006 2007 2008 2009 20/0 20ll TOTAL Principal 448 441 439 495 459 447 368 333 Interest 261 242 221 195 168 137 111 92 Official creditors PIincipal 253 246 238 269 286 281 278 273 Interest 153 154 148 139 126 112 98 84 Bilateral creditors Principal 28 25 25 27 29 30 29 25 Interest 11 II 11 10 10 9 7 6 Multilateral creditors Principal 225 221 212 241 257 251 250 249 Interest 142 143 137 128 117 103 90 78 Private creditors Principal 195 195 202 226 173 166 90 59 Interest 108 89 73 56 41 25 \3 7 Notes: Short -term debt has been revised from 1999 based on country reports. 68 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 2000 2003 TOTAL DEBT STOCKS (EDT) 2,776 2,660 3,145 4,464 5,249 5,564 Long-tenn debt (LDOD) 2,622 2,489 2,657 4,217 4,780 4,400 Public and publicly guaranteed 1,959 1,782 2,035 2,321 2,691 2,560 Pri vate non guaranteed 663 707 622 1,896 2,090 1,840 Use of IMF credit 48 105 111 139 134 109 62 Short-term debt 0 49 60 349 113 360 1,102 of which interest arrears on LDOD I 0 2 0 0 0 Official creditors I 0 2 0 0 0 Private creditors 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 2 0 0 0 0 0 Official creditors 2 0 0 0 0 0 Private creditors 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 138 162 226 468 631 462 Long-term debt 103 144 185 434 613 462 IMF purchases 46 36 18 41 34 18 0 Principal repayment~ 191 207 93 122 121 122 Long-term debt 171 200 70 71 74 83 IMF repurchases 28 20 8 23 51 48 39 Net flows on debt 41 -34 420 112 757 1,082 of which short-term debt 11 12 287 -234 247 742 Interest payments (INT) 128 105 83 95 121 145 Long-term debt 119 97 77 88 113 120 IMFcharges 5 5 5 3 2 3 3 Short-term debt 3 3 3 4 :; 22 Net transfers on debt -169 -14O 337 18 635 937 Total debt service paid (TDS) 318 313 176 216 243 267 Long-term debt 290 297 147 159 187 203 IMF repurchases and charges 33 25 13 26 53 51 43 Short-term debt (interest only) 3 3 3 4 5 22 ~~TRESOURCEFLOWS 648 494 707 1,062 1,441 970 Net flow of long-term debt (ex. IMF) -68 -56 1[5 363 540 380 Foreign direct investment (net) 146 118 268 382 613 299 Portfolio equity flows 0 0 0 0 0 0 Grants (excluding technical coop,) 870 570 431 325 317 289 291 Memo: technical coop. grants 62 103 123 123 152 147 135 NET TRANSFERS 529 394 626 963 1,322 846 Interest on long-term debt 119 97 77 88 113 120 Profit remittances on FDI 0 2 5 10 6 4 Gross national income (ONI) 1,625 5,638 5,977 6,650 8,265 9,763 10,420 Exports of goods, servo & inc. (XGS) 3,196 3,175 3,195 3,996 4,871 5,543 Worker remit. & comp, of employees 1,595 1,521 1,526 1,749 1,839 1,844 Imports of goods & services (MGS) 4,234 4,454 4,852 6,141 7,251 8.225 International reserves (RES) 497 1,221 1,321 1,796 2,408 2,531 Current account balance -396 -743 -1,191 -1,631 -\ ,840 -2,156 EDT IXGS (%) 86.8 83.8 98.4 .111.7 107.8 100.4 EDTfGNI(%) 492 44.5 47.3 54.0 53,8 53.4 TDS I XGS (%) 10.0 9.8 5,5 5.4 5.0 4.8 INT I XGS (%) 4.0 33 2.6 2.4 2.5 2.6 !NT I GNI(%) 2.3 1.8 1.2 1.1 1.2 1.4 RES/EDT(%) 17.9 45.9 42.0 40.2 45,9 45.5 RES I MGS (months) 1.4 3.3 3.3 3.5 4.0 3.7 Short-ternl! EDT (%) 1.8 2.2 11.1 2.5 6,9 19.8 Concessionall EDT (%) 33.4 36.1 37.1 30.2 31.4 28.4 Multilateral! EDT (%) 45.6 41.7 40,1 32.0 332 30.8 69 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LooD) 2,622 2,489 2,657 4,217 4,780 4,400 Public and publicly guaranteed 1,959 1,782 2,035 2,321 2,691 2,560 Official creditors 1,834 1,664 1,895 2,152 2,508 2,405 Multilateral 1,266 1,108 1,261 1,427 1,744 1,712 Concessional 460 502 644 758 1,023 1,009 Bilateral 568 556 634 725 764 693 Coneessional 467 460 522 591 624 571 Private creditors 125 118 140 169 182 155 of which: Bonds 0 0 0 0 0 0 Commercial banks 125 118 140 169 182 155 Private nonguaranteed 663 707 622 1,896 2,090 1,840 Bonds 0 0 0 0 0 0 Commercial banks and other 663 707 622 1,896 2,090 1,840 Memo: IDRD 472 562 540 538 540 527 481 IDA 0 398 443 578 683 927 921 Public sector LooD 1,959 1,782 2,035 2,321 2,689 2,557 Private sector LDOD 663 707 622 1,896 2,092 1,843 DISBURSEMENTS 103 144 185 434 613 462 Public and publicly guaranteed 98 86 136 117 287 149 Official creditors 98 86 136 117 287 149 Multilateral 90 72 108 92 275 133 ConcessionaI 62 62 98 49 225 59 Bilateral 8 14 29 25 12 17 Concessional 8 14 17 25 12 17 Private creditors 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Private nonguaranteed 5 58 49 317 326 313 Bonds 0 0 0 0 0 0 Commercial banks and other 5 58 49 317 326 313 Memo: IDRD 0 0 0 0 0 0 0 IDA 0 44 62 97 48 209 56 PRINCIPAL REPA YMENTS 171 200 70 71 74 83 Public and publicly guaranteed 170 191 58 48 51 55 Official creditors 170 191 58 48 51 51 Multilateral 166 186 32 34 35 44 Concessional 0 1 2 2 2 2 Bilateral 4 5 26 14 16 7 ConcessionaI 4 5 13 12 13 7 Pri vate creditors 0 0 0 0 0 3 of which: Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 3 Private nonguaranteed 1 9 13 23 22 28 Bonds 0 0 0 0 0 0 Commercial banks and other I 9 13 23 22 28 Memo: IDRD 0 0 5 23 24 24 24 IDA 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 119 97 77 88 113 120 Public and publicly guaranteed 89 66 48 47 47 53 Oftidal creditors 86 64 45 43 42 48 Multilateral 74 54 30 29 29 35 Concessional 4 5 5 6 8 9 Bilateral 13 10 IS 14 13 13 Concessional 8 7 10 9 7 7 Private creditors 2 2 4 5 5 6 of which: Bonds 0 0 0 0 0 0 Commercial banks 2 2 4 5 5 6 Private nonguaranteed 30 31 29 41 67 67 Bonds 0 0 0 0 0 0 Commercial banks and other 30 31 29 41 67 67 Memo: IDRD 0 33 31 22 17 15 17 IDA 0 3 3 4 5 6 7 70 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Euro 31.1 32.2 34.7 34.7 33.9 Japanese yen 0.0 0.0 0.2 1.1 1.2 1.2 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.3 2.4 2.4 2.2 2.0 1.7 U .S.dollars 27.6 33.0 35.8 35.8 39.7 41.3 Total amount rescheduled 4 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 Plincipal rescheduled 2 0 0 0 0 0 Official 0 0 0 0 0 0 Plivate 2 0 0 0 0 0 Interest rescheduled I 0 0 0 0 0 Official 0 0 0 0 0 0 Private 1 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 Debt stock reductiou 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 Total change in debt stocks 395 -116 485 1,320 785 315 Net flows on debt -41 -34 420 112 757 1,082 -1l5 -78 184 240 122 -229 ALL CREDITORS Interest (%) 3.7 2.0 0.8 1.4 1.4 1.9 Maturity (years) 23.3 28.4 34.6 19.4 21.6 17.1 Grace period (years) 6.7 7.9 9.9 10.4 11.5 5.9 Grant element (% ) 45.8 62.5 78.3 63.8 66.0 51.5 Official creditors Interest (%) 3.7 2.0 0.8 1.4 1.4 1.9 Maturity (years) 23.3 28.4 34.6 19.4 21.6 17.1 Grace peliod (years) 6.7 7.9 9.9 10.4 11.5 5.9 Grant element (%) 45.8 62.5 78.3 63.8 66.0 51.5 Private creditors Interest (%) 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 Grace period 0.0 0.0 0.0 0.0 0.0 0.0 Grant element 0.0 0.0 0.0 0.0 0.0 0.0 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL Principal 335 383 594 265 205 150 163 232 Interest 139 128 114 92 83 75 71 65 Official creditors Principal 107 97 100 108 108 III 107 108 Interest 57 56 54 51 48 45 42 39 Bilateml creditors Principal 53 30 30 29 29 29 29 30 Interest 15 14 14 13 12 12 II 10 Multilateral creditors Principal 54 67 70 79 78 82 78 78 Interest 42 41 40 38 36 33 31 29 Private creditors Principal 228 286 494 157 98 39 56 125 Interest 82 72 61 41 35 30 29 26 Notes: Prior to 1999 data on long-term public and publicly guaranteed debt include only mRD and IMF loans. Long-term private nonguaranteed debt data are World Bank staff estimates. Includes intercompany debt starting from 2005. 71 BOTSWANA (US$ million, unless otherwise indicated) 1995 2000 2001 2002 2003 2004 2005 TOTAL DEBT STOCKS (EDT) 552.9 717.2 452.8 399.9 488.4 513.6 510.3 473.1 Long·term debt (LDOD) 547.1 707.0 437.8 378.9 472.4 484.6 488.3 438.1 Public and publicly guaranteed 547.1 707.0 437.8 378.9 472.4 484.6 488.3 438.1 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 0.0 0.0 Short·term debt 5.8 10.2 15.0 21.0 16.0 29.0 22.0 35.0 of which interest arrears on WOD 2.6 6.2 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 1.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 1.3 6.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 2.7 9.0 1.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.9 3.0 1.0 0.0 0.0 0.0 0.0 0.0 Private creditors 1.8 6.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 27.0 67.4 28.0 7.4 1.8 13.5 22.1 37.5 Long-term debt 27.0 67.4 28.0 7.4 1.8 13.5 22.1 37.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 66.5 63.9 52.1 39.3 44.6 38.0 36.6 38.7 Long-term debt 66.5 63.9 52.1 39.3 44.6 38.0 36.6 38.7 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt -39.4 4.0 -28.8 -25.9 -47.8 -11.6 -21.5 11.8 of which short-ternl debt 0.1 0.6 -4.7 6.0 -5.0 13.0 -7.0 13.0 Interest payments (INT) 38.8 27.5 16.6 12.9 16.2 12.4 11.8 12.4 Long-term debt 38.6 27.3 15.2 11.9 15.2 11.4 10.8 11.4 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 0.2 1.3 1.0 1.0 1.0 0.9 1.0 Net transfers on debt -78.2 -23.5 -45.3 -38.7 -63.9 -24.0 -33.2 -0.6 Total debt service paid (TDS) 105.3 91.4 68.7 52.1 60.8 50.5 48.3 51.1 Long-term debt 105.1 91.2 67.4 51.1 59.8 49.5 47.4 50.1 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.2 0.2 1.3 1.0 1.0 1.0 0.9 1.0 NET RESOURCE FLOWS 134.9 107.9 45.3 12.8 381.3 418.5 397.8 373.3 Net flow oflong-ternl debt (ex. IMF) -39.5 3.4 -24.1 -31.9 -42.8 -24.6 -14.5 -1.2 Foreign direct investment (net) 95.9 70.4 57.2 22.1 403.4 418.0 391.1 278.6 Portfolio equity flows 0.0 5.5 -5.9 6.0 7.1 10.2 0.6 61.6 Grants (excluding technical coop.) 78.4 28.6 18.1 16.5 13.5 14.9 20.6 34.4 Memo: technical coop. grants 59.1 51.4 18.2 17.6 38.3 27.2 34.3 53.0 NET TRANSFER..~ -310.7 -335.1 -627.9 -342.8 -542.9 ·596.5 -705.4 ·703.7 Interest on long-teffil debt 38.6 27.3 15.2 11.9 15.2 11.4 10.8 11.4 Profit remittanees on FDI 406.9 415.7 657.9 343.7 909.0 1003.5 1092.3 1065.7 Gross national income (GNl) 3685.7 4741.3 5825.9 5896.2 5179.1 7493.3 8704.4 9584.8 Exports of goods, servo & inc. (XGS) 2421.1 2903.8 3378.6 3033.6 3076.5 4050.2 4722.0 5823.5 Worker remit & compo of employees 86.0 59.0 26.0 26.0 27.0 39.0 93.0 125.0 Imports of goods & services (MGS) 2508.9 2565.3 3050.2 2612.9 3145.6 3878.0 4910.4 4950.3 International reserves (RES) 3331.5 4695.5 6318.2 5897.3 5473.9 5339.8 5661.4 6309.1 Current account balance -19.3 299.7 545.2 617.9 143.3 462.2 287.0 1469.2 EDT/XGS (%) 22.8 24.7 13.4 13.2 15.9 12.7 10.8 8.1 EDT I GNI(%) 15.0 15.1 7.8 6.8 9.4 6.9 5.9 4.9 TDS/XGS(%) 4.3 3.1 2.0 1.7 2.0 1.2 1.0 0.9 ThlT IXGS (%) 1.6 0.9 0.5 0.4 0.5 0.3 0.2 0.2 INT IGNI(%) 1.1 0.6 0.3 0.2 0.3 0.2 0.1 0.1 RES I EDT (%) 602.5 654.7 1,395.5 1A74.8 1,120.7 1,039.6 1, 109.5 1,333.4 RES I MGS (months) 15.9 22.0 24.9 27.1 20.9 16.5 13.8 15.3 Short-term I EDT (%) 1.0 1.4 3.3 5.3 3.3 5.6 4.3 7.4 Concessionall EDT (%) 32.9 49.1 64.0 66.9 60.6 60.3 63.0 61.9 Multilateral I EDT (%) 70.0 70.1 65.7 65.0 66.6 64.8 64.3 60.8 72 BOTSWANA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 547.1 707.0 437.8 378.9 472.4 484.6 488.3 438.1 Public and publicly guaranteed 547.1 707.0 437.8 378.9 472.4 484.6 488.3 438.1 Official creditors 519.7 660.0 409.9 359.5 455.3 469.8 474.3 426.4 Multilateral 387.1 502.9 297.4 260.0 325.5 333.0 327.9 287.8 Concessional 109.8 218.6 180.1 168.8 166.2 173.0 175.2 154.2 Bilateral 132.7 157.2 112.5 99.5 129.8 136.8 146.3 138.6 Concessional 71.9 133.7 109.5 98.7 129.6 136.7 146.3 138.6 Pri vale creditors 27.4 47.0 27.9 19.3 17.1 14.8 14.0 11.7 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.0 32.8 19.9 12.0 10.4 8.8 8.7 7.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: mRD 155.2 96.3 15.6 10.2 7.4 5.0 3.4 2.1 IDA 13.6 11.5 9.1 8.7 8.2 7.7 7.2 6.7 Public sector LDOD 547.1 676.4 432.4 378.9 472.4 484.6 488.3 438.1 Private sector LDOD 0.0 30.5 5.4 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 27.0 67.4 28.0 7.4 1.8 13.5 22.1 37.5 Public and publicly guaranteed 27.0 67.4 28.0 7.4 1.8 13.5 22.1 37.5 Official creditors 27.0 67.4 24.3 7.4 1.8 13.5 22.1 37.5 Multilateral 20.5 23.3 7.9 4.1 0.2 5.8 4.5 27.0 Concessional 11.4 13.0 6.5 3.5 0.2 0.1 3.0 0.2 Bilateral 6.5 44.0 16.4 3.2 1.6 7.6 17.6 10.5 Concessional 3.9 44.0 16.4 3.2 1.6 7.6 17.6 10.5 Private creditors 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 Private non guaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: mRD 7.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 66.5 63.9 52.1 39.3 44.6 38.0 36.6 38.7 Public and publicly guaranteed 66.5 63.9 52.1 39.3 44.6 38.0 36.6 38.7 Official creditors 48.0 57.7 45.3 37.0 42.4 35.8 35.7 36.4 Multilateral 36.6 48.3 33.2 27.5 30.3 25.4 25.2 26.6 Concessional 2.7 5.9 8.7 8.0 8.5 6.9 7.6 8.2 Bilateral 11.4 9.4 12.1 9.5 12.1 10.3 10.5 9.8 Concessional 3.4 4.6 10.2 7.7 11.7 10.3 10.3 9.8 Pri vate creditors 18.5 6.2 6.9 2.2 2.2 2.3 0.8 2.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.2 4.5 6.2 1.6 1.6 1.6 0.2 1.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: mRD 19.0 23.7 7.4 4.5 3.5 3.0 1.7 1.1 IDA 0.3 0.5 0.5 0.5 0.5 0.5 0.5 0.5 INTEREST PAYMENTS (LINT) 38.6 27.3 15.2 11.9 15.2 11.4 10.8 11.4 Public and publicly guaranteed 38.6 27.3 15.2 11.9 15.2 11.4 10.8 11.4 Official creditors 35.6 24.2 13.9 11.4 14.9 11.2 10.6 11.1 Multilateral 27.8 21.0 11.1 8.4 11.3 8.4 7.7 7.4 Concessional 2.5 1.7 2.6 2.2 2.7 2.0 2.0 2.0 Bilateral 7.8 3.2 2.9 3.0 3.6 2.8 2.9 3.7 Concessional 1.8 1.0 2.4 2.7 3.6 2.8 2.9 3.7 Private creditors 3.0 3.0 1.3 0.5 0.3 0.2 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 0.1 2.2 0.7 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: mRD 14.2 8.6 1.2 0.7 0.5 0.3 0.2 0.1 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 73 BOTSWANA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 Euro 8.6 6.1 6.9 7.2 6.5 Japanese yen 4.4 11.1 11.4 10.7 17.4 17.9 17.4 16.1 Pound sterling 10.1 3.8 2.3 2.0 5.5 5.5 5.3 4.9 Swiss franc 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.1 U.S.dollars 11.9 13.4 18.0 19.8 23.8 21.7 19.9 19.4 1;,DI1!8T R.miTR.lJ.CTIJ~ Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 n.o 0.0 0.0 Debt forgiven 0.0 n.n 0.0 1.1 o.n 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 o.n 0.0 0.0 n.o 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 00 0.0 0.0 of which debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 &DUT~.FLOW ltECONt$.IATI9N Total change in debt stocks 3.1 16.8 -51.5 -52.9 88.6 25.2 -3.4 -37.1 Net flows on debt -39.4 4.0 -28.8 -25.9 -47.8 -11.6 -21.5 11.8 Cross-currency valuation 21.2 0.2 -10.5 0.1 11.8 0.3 4.0 -24.3 9..A.~GEmBl\fSOFNEW CO~MENTS· AIJL CREDITORS Interest (%) 6.8 0.0 0.0 3.9 0.0 3.2 3.1 1.6 Maturity (years) 15.2 0.0 0.0 11.9 19.3 14.9 20.5 12.0 Grace period (years) 4.4 0.0 0.0 3.9 10.3 5.1 5.0 3.0 Grant element (%) 18.1 0.0 0.0 30.9 74.6 40.8 45.9 41.3 Official creditors Interest (%) 5.6 0.0 0.0 3.9 0.0 3.2 3.1 1.6 Maturity (years) 175 0.0 0.0 11.9 19.3 14.9 20.5 12.0 Grace period (years) 4.5 0.0 0.0 3.9 10.3 5.1 5.0 3.0 Grant element (%) 26.5 0.0 0.0 30.9 74.6 40.8 45.9 41.3 Private creditors Interest (%) 8.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 11.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 4.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 l~~~l'i.~¢'l'J;J~9Qf;.l(1A1'l()"f)NO~T~~~LOl\j~T~~PT·· 2006 2007 2008 2009 2010 TOTAL Ptincipal 45.5 41.7 44.5 40.7 38.4 36.5 32.9 27.3 Interest 12.0 10.5 8.9 7.5 6.3 5.2 4.1 3.3 Official creditors Principal 42.4 38.6 41.4 40.0 37.9 35.9 32.3 27.3 Interest 11.1 9.8 8.5 7.3 6.2 5.1 4.1 3.3 Bilateral creditors Principal 11.3 ] 1.6 14.0 13.7 13.7 13.3 11.7 9.9 Interest 3.5 3.2 2.9 2.6 2.2 1.8 1.5 1.2 Multilateral creditors Principal 31.1 27.0 27.4 26.3 24.1 22.6 20.6 17.3 Interest 7.6 6.6 5.6 4.8 4.0 3.3 2.6 2.1 Private creditors Principal 3.1 3.1 3.1 0.7 0.6 0.6 0.6 0.0 Interest 0.8 0.6 0.4 0.2 0.2 0.1 0.0 0.0 Notes: 74 BRAZIL (US$ million, unless othelwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 119,964 160,515 243,669 231,085 233,107 236,587 220,382 187,994 Long-term debt (LDOD) 94,427 129,136 210,927 194,474 188,884 183,676 170,085 164,001 Public and publicly guaranteed 87,756 98,306 98,246 98,194 101,337 101,277 97,701 94,497 Private nonguaranteed 6,671 30,830 112,682 96,280 87,547 82,399 72.384 69,505 Use of IMF credit 1,821 142 1,768 8,337 20,827 28,317 25,029 Short-term debt of which interest arrears on LDOD 23,716 8,791 31,238 1,546 30,973 177 28,273 23,395 24,594 0 25,267 ° 23,993 0 Official creditors Private creditors 332 8,459 1,185 361 lO7 70 ° ° 0 ° ° 0 ° 0 ° 0 0 0 0 Memorandum items Principal arrears on LDOD 3,694 3,972 1,840 0 0 5 4 Official creditors Private creditors 789 2,905 884 3,088 599 1,240 ° 0 ° 0 0 0 0 0 5 0 4 TOTAL DEBT FLOWS Disbursements 4,087 20,216 44,926 45,070 40,574 45,086 26,500 27,402 Long-tenn debt 4,087 20,216 44,926 38,351 24,681 27,411 26,500 27,402 IMF purchases 0 0 0 6,718 15,893 17,674 0 0 Principal repayments 5,913 11,054 47,733 37,342 37,289 42,448 38,667 49,305 Long-tenn debt 5,147 11,005 41,040 37,342 32,643 30,00] 34,311 25,495 IMF repurchases 765 49 6,693 0 4,646 12,447 4,357 23,810 Net flows on debt -1,727 8,804 -975 5,204 -1,594 3,836 -11,495 -23,178 of which short-tenn debt 99 -359 1,831 -2,524 -4,878 1,199 673 -1,274 Interest payments (INT) 2,260 10,522 17,185 17,352 15,189 16,597 14,897 13,457 Long-tenn debt 2,029 8,720 15,355 15,862 13,957 14,160 11,739 10,478 IMFcharges 231 10 336 133 467 757 1,208 1,079 Short-tenn debt 0 1,792 1,494 1,357 765 1,680 1,950 1,900 Net transfers on debt -3,986 -1,718 -18,160 -12,148 -16,783 -12,761 -26,391 -36,634 Total debt service paid (TDS) 8,172 21,576 64,917 54,694 52,479 59,045 53,564 62,762 Long-tenn debt 7,176 19,724 56,394 53,205 46,600 44,160 46,049 35,973 IMF repurchases and charges 996 59 7,029 133 5,114 13,205 5,565 24,888 Short-tenn debt (interest only) 0 1,792 1.494 1,357 765 1,680 1,950 1,900 NET RESOURCE FLOWS 72 16,910 39,796 26,028 10,681 10,608 12,526 23,663 Net flow of long-tenn debt (ex, IMF) -1.060 9,211 3,887 1,009 -7,962 -2,590 -7,811 1,906 Foreign direct investment (net) 989 4,859 32,779 22,457 16,590 10,144 18,166 15,193 Portfolio equity flows 103 2,775 3,076 2,481 1,981 2,973 2,081 6,451 Grants (excluding technical coop,) 41 65 54 81 72 82 90 112 Memo: technical coop, grants 145 239 187 169 176 219 201 192 :tI."ET TRANSFERS -3,849 5,376 20,204 5,161 -9,226 -9,535 -6,073 2,209 Interest on long-term debt 2,029 8,720 15,355 15,862 l3,957 14,160 11,739 10,478 Profit remittances on FDI 1,892 2,814 4,238 5,006 5,950 5,984 6,860 10,976 Gross national income (GNI) 449,672 693,lO3 583,804 489,286 443,005 487,823 583,976 770,748 Exports of goods, serv, & inc, (XGS) 36,854 58,989 69,317 72,003 74,919 88,888 114,716 140,077 Worker remiL & comp, of employees 573 3,315 1,649 1,775 2,449 2,822 3,576 3,540 Imports of goods & services (MGS) 40,949 77,855 93,950 95,676 83,235 85,559 lO3,788 126,956 International reserves (RES) 9.200 51,477 33,008 35,866 37,835 49,297 52,935 53,799 Current account balance -3,823 -18,136 -24,225 -23,215 -7,637 4,177 11,738 14,199 EDT/XGS (%) 325.5 272.1 351.5 320,9 31Ll 266.2 192,1 134,2 EDT I GNI (%) 26,7 23,2 41.7 47,2 52,6 48,5 37,7 24.4 TDS I XGS (%) 22.2 36,6 93,7 76,0 70,0 66.4 46,7 44,8 INT! XGS (%) 6.1 17.8 24,8 24,1 20.3 18,7 l3,0 9.6 INT I GNI (%) 0.5 1.5 2.9 3,5 3.4 3.4 2,6 1.7 RES / EDT(%) 7.7 32.1 l3.5 15.5 16,2 20.8 24.0 28,6 RES/MGS (months) 2,7 7,9 4.2 4.5 5.5 6.9 6.1 5,1 Short-ternl! EDT (%) 19,8 19,5 12,7 12,2 10.0 10.4 11,5 12,8 Concessional! EDT (%) 2.5 3.7 0.9 Ll 1.4 1.4 1.5 1.6 Multilateral I EDT (%) 9.5 5,8 7.5 8.4 9.0 8.7 8,8 lO,2 75 BRAZIL (US$ million. unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OliTSTANDING (LDOD) 94,427 129,136 210,927 194,474 188,884 183,676 170,085 164,001 Public and publicly guaranteed 87,756 98,306 98,246 98,194 101,337 101,277 97,701 94,497 Official creditors 29,348 27,837 29,360 28.827 31,122 29,629 27,110 25,542 Multilateral 11,391 9,366 18.240 19,373 20,969 20,528 19,431 19,247 Concessional 16 0 3 3 3 3 9 96 Bilateral 17,956 18,471 11,120 9,455 10,152 9,101 7,678 6,294 Concessional 3,001 5,943 2,114 2,649 3,209 3,318 3,389 2,990 Private creditors 58,409 70,468 68,885 69,367 70,216 71,648 70.591 68.955 of which: Bonds 2,339 54,615 55,802 50,318 54,564 60,719 57,846 59,090 Commercial banks 47,461 12,170 11,875 17,144 14,591 10,476 12,263 9,487 Private nonguaranteed 6,671 30,830 112,682 96,280 87,547 82,399 72,384 69,505 Bonds 0 11,290 16,846 17,637 16,476 42,018 38,376 35,969 Commercial bauks and other 6,671 19,540 95,836 78,643 71,071 40,381 34,008 33,536 Memo: ffiRD 8,427 6,038 7,377 7,963 8,585 8,588 8,668 8,083 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 87,186 97,438 97,800 97,869 100,563 99,993 96,324 93,150 Private sector lDOD 7.241 31,698 113,127 96,606 88,322 83,683 73,761 70,852 DISBURSEMENTS 4,087 20,216 44,926 38,351 24,681 27,411 26,500 27,402 Public and publicly guaranteed 3,212 8,120 20,511 15,892 14,223 12,110 12,395 13,195 Official creditors 1,322 2,005 5,257 4,339 5,247 3,191 2,618 3,318 Multilateral 1,001 1,257 4,468 2,651 3,077 2,344 1,937 2,324 Concessional 0 0 3 0 0 0 6 87 Bilateral 321 747 790 1,687 2,170 846 682 994 Concessional 86 16 526 458 814 573 560 490 Private creditors 1,890 6,116 15,254 11,554 8,975 8,919 9,777 9,877 of which: Bonds 200 1,661 11,529 7,870 4,772 8,000 5,743 8,252 Commercial banks 864 4,351 3,713 3,598 4,150 898 4,007 1,617 Private nonguaranteed 875 12,096 24,415 22,459 10,458 15,301 14,105 14,207 Bonds 0 4,563 2,886 2,930 2,055 5,160 5,199 6,579 Commercial banks and other 875 7,533 21,529 19,529 8,404 10,142 8,905 7,627 Memo: ffiRD 782 838 1,692 1,639 1,400 1,291 1,447 773 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 5,147 Il,005 41,040 37,342 32,643 30,001 34,311 25,495 Public and publicly guaranteed 4,139 6,525 17,226 13,227 15,248 14,369 13,103 9,189 Official creditors 1,956 3,719 7,048 1.597 4,575 5,593 5,434 3,284 Multilateral 1,518 1,683 4,308 1,114 2,153 3,593 3,414 1,757 Concessional Bilateral 6 439 1 2,035 0 2,740 0 483 0 2,422 ° 2,001 0 2,019 0 1,527 Concessional 29 408 224 122 507 398 454 428 Pri valc creditors 2,183 2,806 10,178 11,630 10,673 8,775 7,669 5,905 of which: Bonds 7J 919 8,397 6,979 2,172 3,815 5,707 4,187 Commercial banks 1,616 1,051 1,547 4,379 7,441 4,458 1,941 1,698 Private nonguaranteed 1,008 4,480 23,813 24,116 17,395 15,632 21,208 16,306 Bonds 0 2,670 2,775 2,117 3,280 1,561 9,671 7,063 Commercial banks and other 1,008 1,810 21,038 21,999 14,116 14,071 11,536 9,243 Memo: ffiRD 1,251 1,377 887 828 1,063 1,633 1,564 1,029 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 2,029 8,720 15,355 15,862 13,957 14,160 11,739 10,478 Public and publicly guaranteed 1,569 6,624 7,000 7,259 7,078 7,057 7,244 6,864 Official creditors 1,273 1,567 1,916 1,557 1,620 1,480 1,181 1.034 Multilateral 966 750 1,400 1,383 1,164 1,081 840 801 Concessional 1 0 0 0 0 0 0 I Bilateral 307 817 516 173 456 400 341 233 Concessional 13 247 81 60 92 96 105 102 Private creditors 296 5,057 5,084 5,702 5,457 5,577 6,064 5,830 of which: Bonds 14 4,416 4,286 4,500 4,089 4,475 5,124 5,097 Commercial banks 46 376 759 1,187 1,316 1,092 936 730 Private nonguaranteed 460 2,095 8,355 8,603 6,879 7,102 4,494 3,614 Bonds 0 837 1,562 1,632 1,707 1,921 3,046 2,161 Commercial banks and other 460 1.258 6,793 6,971 5,172 5,182 1,448 1,453 Memo: ffiRD 725 491 464 533 459 377 287 307 IDA 0 0 0 ° 0 0 0 0 76 BRAZIL (US$ million, unless otherwise indicated) Euro 16,5 15.0 13.5 14.7 ILl Japanese yen 7.4 8.6 7.3 8.4 8.3 6.5 6.8 6.1 Pound sterling 1.8 1.8 1.0 0.8 0.6 0.5 0.4 0.2 Swiss franc 1.0 0.3 0.3 0.3 0.2 0.2 0.1 0.1 U.s.dollars 60.3 68.2 68.8 68.2 70.3 73.7 72.6 77.7 Total amount rescheduled 1,316 234 0 0 0 0 81 4,271 Debt stock rescheduled 0 0 0 16 0 0 0 4,271 Principal rescheduled 1,064 0 0 1,047 0 0 16 6 Official 212 0 0 40 0 0 0 3 Private 852 0 0 1,007 0 0 16 3 Interest rescheduled 274 0 0 63 0 0 0 0 Official 69 0 0 1 0 0 0 0 Private 205 0 0 61 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,259 0 6,479 4,531 0 0 0 0 of which debt 776 0 6,342 4,531 0 0 0 0 Total change in debt stocks 5,327 8,085 -1,801 -12,584 2,022 3,481 -16,206 -32,387 Net flows on debt -1,727 8,804 -975 5,204 -1,594 3,836 -11,495 -23,178 valuation 664 -2,545 -2,119 5,372 6,975 2,844 -3,896 ALL CREDITORS Interest (0/0) 8.2 7.3 8.5 6.4 7.6 7.5 6.5 7.6 Maturity (years) 11.8 7.7 13.0 9.4 12.6 10.6 13.7 15.8 Grace period (years) 3.7 2.9 9.7 4.9 6.4 8.7 10.7 ]1.5 Grant element (%) 8.9 9.8 2.1 13.9 15.1 12.1 16.5 15.0 Official creditors Interest (0/0) 7.4 5.9 5.7 4.8 3.9 2.2 3.0 4.5 Maturity (years) 15.2 19.8 8.6 lOA 18.3 12.0 16.2 18.7 Grace period (years) 4.1 4.9 1.2 2.1 5.0 4.9 3.4 4.3 Grant element (%) 14.9 25.2 13.8 21.7 37.7 41.l 38.2 34.3 Private creditors Interest (0/0) 9.0 7.7 9.9 7.5 10.6 8.2 7.5 8.8 Maturity (years) 8.0 3.3 15.2 8.8 7.9 10.4 13.1 14.6 Grace period 3.2 2.1 14.0 6.8 7.6 9.3 12.7 14.3 Grant element 2.5 4.1 -3.8 8.4 -3.3 8.0 10.5 7.4 TOTAL Principal 28.903 22,134 16,411 13,430 13,222 9,408 7,428 8,169 Interest 13,465 10,474 8,586 7,581 6,566 5,902 5,120 4.631 Official creditors Principal 6.377 2,503 2,389 2,585 2,631 2,627 2,492 2.169 Interest 1.293 1,119 1,056 972 861 749 634 521 Bilateral creditors Principal 4,606 548 444 634 584 424 419 415 Interest 307 153 144 132 101 82 65 49 Multilateral creditors Principal 1,771 1,956 1,946 1,951 2,047 2,204 2,073 1.754 Interest 986 966 912 841 760 668 569 473 Private creditors Principal 22,526 19,631 14,022 10,845 10,591 6,781 4,936 6.000 Interest 12,172 9,355 7.530 6,609 5,705 5,152 4,485 4,110 Notes: Short-term debt is based on reports provided by the country. Revised data in 2004 were provided by the country. 77 BULGARIA (US$ million, unless otherwise indicated) 1995 2000 2001 TOTAL DEBT STOCKS (EDT) 10,890 10,379 11,212 10,497 11,479 13,045 14,959 16,786 Long-term debt (LDOD) 9,834 9,150 8,440 8,168 8,591 9,195 10,539 11,922 Public and publicly guaranteed 9,834 8,808 7,671 7,387 7,480 7,369 6)32 4,587 Private nonguaranteed 0 342 769 782 1,111 1,826 3,807 7,335 Use of IMF credit 0 717 1,322 1,110 1,049 1,188 1,183 660 Short-term debt 1,056 512 1,450 1,219 1,839 2,663 3,237 4,204 of which interest arrears on LDOD 226 74 0 0 0 0 0 0 Official creditors 5 5 0 0 0 0 0 0 Private creditors 221 68 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 356 227 1 0 0 0 0 0 Official creditors I 25 0 0 0 0 0 0 Private creditors 354 201 I 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 875 259 995 839 983 1,042 3,054 5,972 Long-term debt 875 259 719 706 874 896 2,977 5,972 IMF purchases 0 0 276 133 109 145 77 0 Principal repayments 865 565 712 803 1,006 634 1,806 5,131 Long-term debt 865 319 573 502 753 527 1,674 4,687 IMF repurchases 0 246 139 301 253 107 132 443 Net flows on debt -14 -194 465 -195 598 1,044 1,823 1,809 of which short-term debt -24 113 183 -232 620 636 574 967 Interest payments (INT) 510 575 584 572 391 484 543 656 Long-term debt 452 501 456 457 306 395 424 489 IMF charges 0 50 63 58 31 20 31 37 Short-term debt 58 24 65 57 53 69 89 130 Net transfers on debt ·523 ·769 -119 -767 207 560 1,279 1,153 Total debt service paid (TDS) 1,374 1,140 1,296 1,375 1,396 1,118 2,350 5,787 Long-term debt 1,316 820 1,029 959 1,059 922 2,097 5,176 IMF repurchases and charges 0 296 202 359 284 127 163 481 Short-term debt (interest only) 58 24 65 57 53 69 89 130 NET RESOURCE FLOWS 17 52 1,282 1,182 1,164 2,654 4,350 3,991 Net flow of long-term debt (ex. IMP) 11 -61 145 204 121 369 1.303 1,285 Foreign direct investment (net) 4 90 1,002 813 905 2,097 2,653 2,614 Portfolio equity flows 0 0 5 -9 -23 -23 1 92 Grants (excluding technical coop.) 3 22 130 174 161 211 393 0 Memo: technical coop. grants 1 91 150 104 138 182 202 0 NET TRANSFERS -434 -449 719 577 630 1,708 3,170 2,849 Interest on long-term debt 452 501 456 457 306 395 424 489 Profit remittances on FDI 0 0 107 149 228 551 756 654 Gross national income (GNI) 19,083 12,681 12,281 13,626 15,949 20,264 24,596 26,953 Exports of goods, servo & inc. (XGS) 7,070 6,926 7,321 8,384 8,982 12,022 16,452 18,535 Worker remit. & compo of employees 0 0 58 71 1,177 1,718 2,244 2,130 Imports of goods & services (MGS) 8,905 7,084 8,314 9,285 9,348 13.058 18.015 21,760 International reserves (RES) 1,635 3,507 3.646 4,846 6,826 9,337 8,697 Current account balance -1,710 -26 -703 -805 -319 -1,022 -1,45 I -3,004 EDT IXGS (%) 154.0 149.9 153.2 125.2 127.8 108.5 90.9 90.6 EDT I GNI (%) 57.1 81.8 91.3 no 72.0 64.4 60.8 62.3 TDS I XGS (%) 19.4 16.5 17.7 16.4 15.5 9.3 14.3 31.2 lNT/XGS(%) 7.2 8.3 8.0 6.8 4.3 4.0 3.3 3.5 lNT/GNl(%) 2.7 4.5 4.8 4.2 2.4 2.4 2.2 2.4 RES I EDT(%) 15.8 31.3 34.7 42.2 52.3 62.4 51.8 RES I MGS (months) 2.8 5.1 4.7 6.2 6.3 6.2 4.8 Short-term I EDT (%) 9.7 4.9 12.9 11.6 16.0 20.4 21.6 25.0 Concessionall EDT (%) 0.7 1.8 3.4 3.5 2.9 3.3 3.2 2.9 Multilateral I EDT (%) 2.0 11.9 13.8 14.6 15.8 17.3 17.6 14.6 78 BULGARIA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 DEBT OUTSTANDING (LDOn) 9,834 9,150 8,440 8,168 8,591 9,195 10,539 11,922 Public and publicly guaranteed 9,834 8,808 7,671 7,387 7,480 7,369 6,732 4,587 Official creditors 1,669 2,950 2,603 2.324 2,467 2,937 3,286 3,038 Multilateral 222 1,230 1,542 1,531 1,808 2,261 2,634 2,450 Concessional 0 0 6 8 32 83 99 119 Bilateral 1,447 1,720 1,061 793 659 676 652 587 Concessional 77 186 370 361 305 352 376 361 Private creditors 8,165 5,857 5,068 5,063 5,012 4,432 3,446 1,549 of which: Bonds 327 5,412 4,982 4,979 4.898 4,279 3,263 1,438 Commercial banks 7,084 394 26 29 49 78 105 111 Private nonguaranteed 0 342 769 782 1,111 1,826 3,807 7,335 Bonds 0 0 0 0 0 58 315 526 Commercial banks and other 0 342 769 782 1,111 1,768 3,492 6,809 Memo: IBRD 0 444 824 844 958 1,266 1,498 1,453 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 9,834 8,808 7,671 7,387 7,480 7,369 6,732 4,587 Private sector LDOD 0 342 769 782 1.111 1,826 3,807 7,335 DISBURSEMENTS 875 259 719 706 874 896 2,977 5,972 Public and publicly guaranteed 875 259 405 454 145 342 435 394 Official creditors 80 129 381 226 127 317 400 375 Multilateral 44 38 156 163 99 292 373 321 Concessional 0 0 1 2 22 43 10 35 Bilateral 36 91 225 63 28 26 27 S5 Concessional 0 32 225 43 28 26 27 55 Private creditors 795 129 24 229 19 25 35 19 of which: Bonds 65 33 0 224 0 0 0 0 Commercial banks 652 96 24 5 19 25 35 19 Private nonguaranteed 0 0 313 252 729 554 2,542 5,578 Bonds 0 0 0 0 0 52 253 249 Commercial banks and other 0 0 313 252 729 502 2,289 5,329 Memo: IBRD 0 15 71 88 39 185 204 200 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 865 319 573 502 753 527 1,674 4,687 Public and publicly guaranteed 865 319 345 402 320 315 981 1,761 Official creditors 23 92 297 377 236 243 273 255 Multilateral 22 25 58 126 80 144 179 214 Concessional 0 0 0 0 0 0 1 1 Bilateral 1 67 239 252 156 99 93 41 Concessional 0 0 50 49 17 20 17 25 Private creditors 842 228 48 25 84 71 708 1,507 of which: Bonds 0 39 46 22 79 67 696 1,496 Commercial banks 241 182 1 1 I 1 9 11 Private nonguaranteed 0 0 229 100 433 212 693 2,926 Bonds 0 0 0 0 0 0 0 10 Commercial banks and other 0 0 229 100 433 212 693 2,916 Memo: IBRD 0 0 27 32 37 50 80 85 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 452 501 456 457 306 395 424 489 Public aud publicly guaranteed 452 501 424 425 263 349 351 338 Official creditors 14 178 139 135 102 100 94 93 Multilateral 13 61 81 83 76 79 75 75 Concessional 0 0 0 0 I 2 2 3 Bilateral 0 118 58 51 26 21 19 18 Concessional 0 4 10 9 7 8 9 9 Private creditors 438 323 285 290 161 249 256 244 of which: Bonds 15 315 284 289 159 246 253 239 Commercial banks 337 7 0 1 2 2 4 5 Private nonguaranteed 0 0 32 32 43 46 73 151 Bonds 0 0 0 0 0 4 5 30 Commercial banks and other 0 0 32 32 43 42 68 121 Memo: ffiRD 0 31 49 48 41 42 41 40 IDA 0 0 0 0 0 0 0 0 79 BULGARIA I US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 14.9 30.4 32.3 38.6 45.1 Japanese yen 6.6 9.0 5.5 4.6 3.9 3.9 3.9 5.7 Pound sterling 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 7.7 L1 0.3 0.1 0.1 0.0 0.0 0.0 U.S.dollars 42.1 66.1 80,1 79.0 64.3 62.4 56.2 47.6 Total amount rescheduled 0 84 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 38 0 0 0 0 0 0 Official 0 33 0 0 0 0 0 0 Private 0 5 0 0 0 0 0 0 Interest rescheduled 0 10 0 0 0 0 0 0 Official 0 9 0 0 0 0 0 0 Private 0 1 0 0 0 0 0 0 Debt forgiven 0 0 10 I 7 5 0 72 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 I 201 0 0 0 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 753 550 192 -716 982 \,566 1,914 1,827 Net flows on debt -14 -194 465 -195 598 1,044 1,823 1.809 valuation 617 107 -215 -159 356 635 225 -444 ALL CREDITORS Interest (%) 9.1 5.5 6.5 6.6 3.3 3.1 2.8 2.8 Maturity (years) 3.5 15.3 15.6 10.9 24.5 15.9 15.3 16.2 Grace period (years) 2.4 5.0 4.5 5.9 3.7 5.0 4.8 4.7 Grant element (%) 2.3 24.5 20,1 18.3 46.7 41.9 42.8 43.0 Official creditors Interest (%) 9.3 5,9 6.2 5.5 3.3 3.1 2.8 2.8 Maturity (years) 7.2 17.3 15.5 18.6 24.S 15.9 15.3 16.2 Grace period (years) 3.0 5.4 4.4 5.5 3.7 5.0 4.8 4.7 Grant element (%) 2.8 25.0 21.6 28.2 46.7 41.9 42.8 43,0 Private creditors Interest (%) 9.1 3.4 7.6 7.3 0.0 0.0 0.0 0.0 Maturity (years) 3,2 4.7 16,0 6.2 0,0 0.0 0.0 0.0 Grace period (years) 2.3 3.2 4.9 6.2 0.0 0.0 0.0 0.0 Grant element (%) 2.3 21.7 \3.2 12.2 0.0 0.0 0.0 0.0 TOTAL Principal 1,654 1,595 2,217 2,033 1,029 742 225 743 Interest 480 338 280 240 217 201 179 169 Official creditors Principal 383 372 369 294 224 215 211 218 Interest 138 122 106 90 78 69 61 52 Bilateral creditors Principal 113 82 82 103 52 45 45 4S Interest 25 22 20 17 13 12 11 10 Multilateral creditors Principal 270 290 287 191 172 170 166 173 Interest 113 100 86 74 65 57 49 42 Private creditors Principal 1,271 1,223 1,848 1,739 805 527 14 524 Interest 342 216 174 150 139 131 118 117 Notes: Short-term debt data have been revised from 1996 based on data from Bulgaria National Bank. Rescheduling: Data include the effects of the exchange of Brady Bonds for Global Bonds in 2002. 80 BURKINA FASO (US$ million. unless otherwise indicated) 2004 TOTAL DEBT STOCKS (EDT) 832 1,271 1,424 1,495 1,548 1,736 2,049 2,045 Long-term debt (LDOD) 748 1,140 1,228 1,315 1,409 1,598 1,905 1,920 Public and publicly guaranteed 748 1,140 1,228 1,315 1,409 1,598 1,905 1,920 Pri vate non guaranteed 0 0 0 0 0 0 0 0 Use or IMF credit 0 75 112 117 126 125 115 104 Short-term debt 84 56 84 63 13 14 29 21 of which interest arrears on LDOD 21 12 5 5 4 0 0 0 Official creditors 14 11 4 4 2 0 0 0 Private creditors 7 1 1 I 2 0 0 0 Memorandum items Principal arrears on LDOD 64 37 42 38 37 33 72 77 Official creditors 34 34 38 38 37 33 72 77 Private creditors 30 3 3 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 77 139 99 162 148 127 255 219 Long-term debt 77 112 91 141 133 122 250 203 IMP purchases 0 27 7 21 14 5 5 15 Principal repayments 19 28 33 25 27 31 33 29 Long-term debt 18 28 26 18 19 28 30 25 IMF repurchases I 0 7 7 8 3 3 4 Net flows on debt 68 124 47 117 71 101 237 182 of which short-term debt 10 14 -19 -20 -50 5 15 -8 Interest payments (INT) 16 20 14 13 17 16 17 17 Long-term debt 10 18 12 10 14 15 16 16 IMFcharges 0 0 1 1 1 1 1 0 Short-term debt 6 2 I 2 2 0 I 1 Net transfers on debt 52 104 33 104 54 84 220 165 Total debt service paid (TDS) 34 48 47 38 44 47 50 46 Long-term debt 28 46 38 28 33 43 46 41 IMP repurchases and charges I 0 7 7 9 4 3 4 Short-term deht (interest only) 6 2 2 2 0 I I NET RESOURCE FLOWS 217 335 299 335 365 444 610 596 Net flow of long-term debt (ex. IMF) 59 83 65 123 114 94 220 178 Foreign direct investment (net) 0 10 23 9 15 29 14 19 Portfolio equity flows 0 0 -3 1 0 0 0 0 Grants (excluding technical coop.) 158 242 213 203 235 321 375 398 Memo: technical coop. grants 112 123 76 81 79 104 106 97 NET TRANSFERS 201 317 284 321 351 429 594 579 Interest on long-term debt 10 18 12 10 14 15 16 16 Profit remittances on FDI 6 0 3 5 0 0 0 0 Gross national income (GNI) 3,113 2,453 2,596 2.808 3.202 4,181 4.814 5.159 Exports of goods. servo & inc. (XGS) 506 313 319 Worker remit. & compo of employees 140 80 67 50 50 50 50 50 Imports of goods & services (MGS) 776 691 690 International reserves (RES) 305 347 244 261 313 752 669 438 Current account balance -77 -319 -291 EDT/XGS (%J 164.3 455.0 468.8 EDT/GNl(%) 26.7 51.8 54.9 53.2 48.4 41.5 42.6 39.6 TDS I XGS (%) 6.8 14.9 11.8 INT I XGS (%) 3.1 4.4 4.0 !NT I GNI (%) 0.5 0.8 0.5 0.5 0.5 0.4 0.4 0.3 RES/EDT(%) 36.6 27.3 17.1 17.4 20.2 43.3 32.7 21.4 RES I MGS (months) 4.7 4.2 4.5 Short-term / EDT (%) 10.1 4.4 5.9 4.2 0.8 0.8 1.4 1.0 Concessionall EDT (% ) 71.6 79.0 82.3 84.0 87.3 89.3 91.6 93.1 Multilateral! EDT (%) 67.7 77.2 72.1 72.3 81.2 83.6 82.5 83.6 81 BURKINA FASO (US$ million, unless otherwise indicated) 2000 DEBT OUTSTANDING (LDOD) 748 1,140 1,228 1,315 1,409 1,598 1,905 1,920 Public and publicly guaranteed 748 1,140 1,228 1,315 1,409 1,598 1,905 1,920 Ofticial creditors 710 1,135 1.225 1.315 1,409 1.598 1,905 1,920 Multilateral 563 981 1.026 1,081 1,258 1,451 1,691 1,710 Concessional 458 912 990 1,048 1,224 I A18 1,665 1,695 Bilateral 147 154 198 234 151 147 214 210 Concessional 138 92 182 209 128 132 211 208 Private creditors 38 5 3 0 0 0 0 0 0 0 0 0 0 0 0 of which: Bonds Commercial banks Private nonguaranteed 0 1 ° 0 0 0 0 0 0 0 0 0 ° 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 282 608 593 636 745 861 1,027 1.043 Public sector LOOO 747 1.140 1,228 1,315 1,409 1,598 1,905 1,920 Private sector LOOD 1 0 0 0 0 0 0 0 DISBURSEMENTS 77 Il2 91 141 133 122 250 203 Public and publicly guaranteed 77 Il2 91 141 133 122 250 203 Official creditors 77 112 91 141 133 122 250 203 Multilateral 43 106 76 J 17 126 109 204 191 Concessional 33 104 74 113 123 108 199 190 Bilateral 34 6 16 24 7 13 46 13 Concessional 34 6 16 13 7 13 46 13 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRO 0 0 0 0 0 0 0 0 IDA 15 85 38 71 68 55 132 107 PRINCIPAL REPAYMENTS 18 28 26 18 19 28 30 25 Public and publicly guaranteed 18 28 26 18 19 28 30 25 Official creditors 18 28 26 18 19 28 30 25 Multilateral 13 24 20 13 16 19 22 18 Coneessional 10 16 15 11 12 17 18 15 Bilateral 4 4 6 5 4 8 8 7 Concessional 3 3 5 4 3 7 6 7 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 0 IDA I 4 1 2 2 3 4 5 INTEREST PAYMENTS (UNT) 10 18 12 10 14 15 16 16 Public and publicly guaranteed 10 18 12 10 14 15 16 16 Official creditors 10 18 12 10 14 15 16 16 Multilateral 7 11 9 7 12 12 13 14 Concessional 4 7 8 6 11 II 12 14 Bilateral 3 6 2 3 2 3 3 2 Coneessional 3 1 2 3 2 3 3 2 Pri vale 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRO 0 0 0 0 0 0 0 0 IDA 2 4 4 2 4 5 7 8 82 BURKINA FASO (US$ million. unless othenvise indicated) 1995 2000 2001 2002 2003 Euro 4.8 3.8 3.4 2.6 1.9 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.5 0.3 0.1 0.1 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 39.1 55.5 59.3 60.4 59.4 59.6 57.7 55.5 Total amount rescheduled 0 0 17 3 23 0 119 0 Debt stock rescheduled 0 0 12 0 23 0 113 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 I 0 0 0 0 0 Official 0 0 1 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 5 15 4 12 19 17 17 29 Memo: interest forgiven 0 0 5 7 2 3 2 2 Debt stock reduction 0 0 161 0 47 12 0 0 of which debt 0 0 92 0 0 0 0 0 Total cbange in debt stocks 115 139 -161 71 53 188 312 -4 Net flows on debt 68 124 47 117 71 101 237 182 valuation 25 -20 -229 -56 84 97 51 -119 ALL CRlmITORS Interest (%) 2.5 0.8 1.4 0.9 1.4 0.8 0.8 \.3 Maturity (years) 27.6 39.9 37.1 39.0 33.6 43.5 36.2 33.4 Grace period (years) 8.7 10.4 7.8 10.0 8.1 9.9 8.6 8.1 Grant element (% ) 59.1 80.8 70.2 76.8 69.6 79.8 73.7 69.5 Official creditors Interest (%) 2.5 0.8 1.4 0.9 1.4 0.8 0.8 0.9 Maturity (years) 27.6 39.9 37.1 39.0 33.6 43.5 36.2 35.9 Grace period (years) 8.7 10.4 7.8 10.0 8.1 9.9 8.6 8.8 Grant element (%) 59.1 80.8 70.2 76.8 69.6 79.8 73.7 74.6 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.2 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.2 Grace period 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.7 Grant element 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.8 2006 2007 2008 2009 2010 TOTAL Principal 54 58 62 66 68 68 75 81 Interest 20 21 21 21 20 20 19 18 Official creditors Principal 54 56 60 64 66 66 73 79 Interest 20 20 20 20 20 19 18 18 Bilateral creditors Principal 17 16 16 17 17 12 11 11 Interest 3 3 3 2 2 2 2 2 Multilateral creditors Principal 37 40 44 47 49 54 62 67 Interest 17 17 17 17 17 17 16 16 Private creditors Principal 0 2 2 :2 2 2 2 2 Interest 0 1 1 I 1 1 0 0 Notes: 83 BURUNDI (US$ million, unless otherwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 907 1,162 1,108 1,076 1,214 1,328 1,388 1,322 Long-term debt (LDOD) 851 1,099 1,036 986 1.104 1,252 1,325 1,228 Public and publicly guaranteed 851 1,099 1,036 986 1,104 1.252 1,325 1,228 Pri vate non guaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 43 48 7 2 13 29 41 58 Short-term debt 13 15 65 88 96 48 23 35 of which interest artears on LDOD 0 2 20 27 36 48 20 34 Official creditors 0 2 20 27 36 48 20 34 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal artears on LOOD 0 3 82 79 96 114 64 74 Official creditors 0 3 81 79 96 114 63 73 Private creditors 0 0 I 0 0 0 1 TOTAL DEBT FLOWS Disbursements 96 45 41 15 55 73 86 63 Long-term debt 96 45 41 15 43 60 47 42 lMF purchases 0 0 0 0 12 13 39 21 Principal repayments 28 27 14 16 17 21 71 27 Long-term debt 28 18 9 12 14 21 43 27 IMF repurchases I 9 5 4 3 0 29 0 Net flows on debt 65 26 18 14 38 -8 17 34 of which short-term debt -3 8 -9 16 -I -60 3 -2 Interest payments (INT) 14 12 8 7 7 8 17 12 Long-term debt 12 11 4 5 5 7 16 12 IMFcharges 0 0 0 0 0 0 0 0 Short-term debt 2 1 3 2 2 1 0 0 Net transfers on debt 51 14 10 8 31 ·16 1 22 Total debt ser~ice paid (TDS) 42 39 22 23 23 29 88 39 Long-term debt 40 29 14 17 19 28 59 39 IMF repurchases and charges I 9 5 4 3 0 29 0 Short-term debt (interest only) 2 I 3 2 2 I 0 0 NET RESOURCE FLOWS 204 258 103 137 157 208 254 292 Net flow oflong-term debt (ex. L\1F) 68 27 32 3 29 39 4 15 Foreign direct investment (net) 1 2 12 0 0 0 0 1 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 135 229 59 134 128 170 250 276 Memo: technical coop. grants 60 44 15 1l 24 31 28 40 NET TRANSFERS 189 244 86 119 143 186 218 259 Interest on long-term debt 12 11 4 5 5 7 16 12 Profit remittances on FDI 3 3 12 13 10 IS 20 21 Gross national income (GNI) 1,117 988 723 650 614 577 646 780 Exports of goods, serv. & inc. (XGS) 98 140 55 46 39 46 65 95 Work.er remit. & compo of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 341 282 166 163 161 195 257 374 International reserves (RES) 112 216 38 18 59 67 66 101 Current account balance -69 10 -51 -37 -5 -25 -171 -256 EDT /XGS (%) 928.7 831.6 1,999.7 2,327.9 3,082.0 2,880.8 2,137.2 I.393.1 EDT/GNI(%) 81.2 117.6 153.2 165.6 197.5 230.1 214.8 169.4 TDS /XGS (%) 43.4 27.6 39.4 49.7 59.2 63.5 135.3 41.4 INT I XGS (%) 14.4 8.5 14.2 14.2 17.3 17.1 25.6 12.8 !NT I GNI(%) 1.3 1.2 1.1 1.0 l.l 1.4 2.6 1.6 RES I EDT (%) 12.3 18.6 3.4 1.7 4.9 5.1 4.8 7.6 RES / MGS (months) 3.9 9.2 2.7 1.3 4.4 4.2 3.1 3.2 Short-term I EDT (%) 1.5 1.3 5.9 8.2 7.9 3.6 1.6 2.7 Concessionall EDT (%) 85.9 90.5 91.0 88.9 88.2 90.9 92.8 91.2 Multilateral I EDT (%) 72.7 80.1 80.4 80.2 78.9 81.4 81.9 80.3 84 BURUNDI (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 851 1,099 1,036 986 1,104 1,252 1,325 1,228 Public and publicly guaranteed 851 1,099 1,036 986 1,104 1,252 1,325 1,228 Official creditors 842 1,098 1,032 980 1,101 1,241 1,318 1,226 Multilateral 660 930 890 863 958 1,081 1,137 1,062 Concessional 597 884 866 840 932 1,051 1,112 1,045 Bilateral 182 167 142 117 143 160 181 164 Concessional 182 167 142 117 139 156 177 160 Pri vate creditors 9 2 4 5 4 11 7 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 () 0 () 0 () 0 () Private nonguaranteed 0 0 0 0 0 0 Bonds Commercial banks and other 0 0 ° 0 0 () 0 () 0 0 0 ° () 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 0 IDA 398 591 600 582 648 732 793 751 Public sector WOD 849 1,099 1,036 986 1,104 1,252 1,325 1,228 Private sector WOO 2 0 0 0 0 0 0 0 DISBURSEMENTS 96 45 41 15 43 60 47 42 Public and publicly guaranteed 96 45 41 15 43 60 47 42 Official creditors 93 45 38 13 43 49 47 42 Multilateral 64 41 38 13 39 49 47 42 Concessional 60 40 38 13 39 49 47 42 Bilateral 30 4 0 0 4 0 0 0 Concessional 30 4 0 0 0 0 0 0 Private creditors 2 0 3 2 0 11 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 Bonds Commercial banks and other 0 0 0 0 ° 0 0 0 0 0 0 0 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 0 IDA 49 27 36 12 36 41 43 27 PRINCIPAL REPAYMENTS 28 18 9 12 14 21 43 27 Public and publicly guaranteed 28 18 9 12 14 21 43 27 Official creditors 19 17 9 12 12 18 38 23 Multilateral 11 12 9 \1 12 17 38 22 Concessional 6 8 9 II 12 17 31 18 Bilateral 8 5 0 I 0 0 0 0 Concessional 8 5 0 1 0 0 0 0 Private creditors 8 1 0 0 2 4 5 5 of which: Bonds 0 0 0 0 0 () () 0 Commercial banks 5 0 0 0 0 () 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds () 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRD 0 0 0 0 0 0 0 0 IDA 1 3 9 10 11 14 14 9 INTEREST PAYMENTS (LINT) 12 11 4 5 5 7 16 12 Public and publicly guaranteed 12 11 4 5 5 7 16 12 Official creditors 11 11 4 5 5 7 16 12 Multilateral 9 9 4 4 5 7 15 12 Concessional 5 6 4 4 5 6 14 8 Bilateral 2 2 0 0 0 0 1 0 Concessional 2 2 0 0 0 0 1 0 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds () 0 0 () 0 0 () () Commercial banks I 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 () 0 0 0 0 () () Commercial banks and other () 0 0 0 0 0 0 0 Memo: ffiRD 0 0 () 0 0 0 0 0 IDA 3 5 4 4 4 5 6 4 85 BURUNDI (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 8.7 9.3 9.8 11.9 11.0 Japanese yen 2.0 2.9 2.8 2.5 2.5 2.5 1.5 1.4 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.3 55.1 59.4 60.7 60.3 60.4 61.0 61.9 Total amount rescheduled 0 0 0 0 0 0 54 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 35 0 Official 0 0 0 0 0 0 35 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 20 0 Official 0 0 0 0 0 0 20 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 105 16 0 16 0 0 1 9 Memo: interest forgiven I I 0 0 0 0 0 2 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 18 35 -27 -32 137 114 60 -67 Net flows on debt 65 26 18 14 3S -S 17 34 valuation 26 -30 -38 -24 61 77 45 -92 ALL CREDITORS Interest (%) 0.9 O.S 1.S O.S 0.8 0.0 O.S 0.8 Maturity (years) 40.1 38.0 34.2 39.6 39.8 0.0 40.3 47.8 Grace period (years) 10.3 9.9 8.8 10.1 10.3 0.0 10.5 10.2 Grant element (%) 78.7 78.4 68.5 80.4 80.6 0.0 SO.9 82.6 Official creditors Interest (%) 0.9 O.S 1.8 0.8 0.8 0.0 0.8 O.S Maturity (years) 40.1 3S.0 34.2 39.6 39.8 0.0 40.3 47.8 Grace period (years) 10.3 9.9 8.8 10.1 10.3 0.0 10.5 10.2 Grant element (%) 78.7 78.4 68.5 80.4 SO.6 0.0 80.9 82.6 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL Principal 41 39 36 38 37 39 39 41 Interest 11 10 10 10 10 10 9 9 Official creditors Principal 40 38 34 36 35 37 38 39 Interest 10 10 10 10 10 9 9 9 Bilateral creditors Principal 13 10 6 6 3 3 3 3 Interest 2 2 2 2 2 2 2 2 Multi lateral creditors Principal 27 28 28 30 32 34 35 37 Interest 8 8 8 8 8 8 7 7 Private creditors Principal 2 2 2 2 2 2 2 2 Interest 0 0 0 0 0 0 0 0 Notes: 86 CAMBODIA (US$ million. unless otherwise indicated) 2000 2001 TOTAL DEBT STOCKS (EDT) 1,845 2,284 2,628 2,697 2,900 3,193 3,439 3,515 Long-term debt (LDOD) 1,683 2,110 2,328 2,393 2,587 2,868 3,080 3,155 Public and publicly guaranteed 1,683 2,110 2,328 2,393 2,587 2,868 3,080 3,155 Private non guaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 27 72 73 80 96 104 97 81 Short-term debt 136 102 227 224 217 221 262 279 of which interest arrears on LDOD 103 90 131 145 192 207 228 243 Official creditors 102 90 131 145 192 207 228 243 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 393 653 1.275 1,318 1,359 1,401 1,444 1,485 Official creditors 393 653 1,275 1,318 1,359 1,401 1,444 1,485 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 0 123 90 113 169 183 168 168 Long-teml debt 0 80 79 92 147 172 168 168 IMF purchases 0 42 11 21 22 12 0 0 Principal repayments 0 5 14 13 14 16 15 16 Long-term debt 0 5 7 1 1 3 5 8 IMF repurchases 0 0 7 12 12 13 10 9 Net flows on debt 15 100 128 85 101 156 172 154 of which short-term debt 15 -18 52 -16 -54 -10 20 2 Interest payments (L""T) 30 3 18 9 8 9 12 15 Long-term debt 29 1 12 5 6 8 11 12 IMF charges 0 1 1 I 1 1 0 0 Short-term debt 1 1 5 4 I 0 1 2 Net transfers on debt -15 97 110 76 93 147 160 139 Total debt service paid (TDS) 30 7 32 22 21 25 28 31 Long-term debt 29 6 19 5 7 11 16 20 IMF repurchases and charges 0 I 7 13 13 14 11 9 Short-term debt (interest only) I I 5 4 I 0 2 NET RESOURCE FLOWS 23 538 421 435 472 441 468 750 Net flow oflong-term debt (ex. IMF) 0 75 72 91 146 168 163 160 Foreign direct investment (net) 0 151 149 149 145 84 131 379 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 23 312 201 194 180 189 174 210 Memo: technical coop. grants 19 143 100 120 134 162 158 181 NET TRANSFERS -6 534 286 295 307 273 252 510 mterest on long-term debt 29 I 12 5 6 8 11 12 Profit remittances on FDI 0 4 123 136 159 160 205 227 Gross national income (GNl) 1.115 3,386 3,533 3.834 4,112 4,380 5,021 5,941 Exports of goods, servo & inc. (XGS) 989 1,993 2,263 2,545 2,801 3,583 4,244 Worker remit. & compo of employees 0 12 121 133 140 138 177 200 Imports of goods & services (MGS) 1,442 2,455 2,638 2,972 3,325 4.052 4,880 mternational reserves (RES) 192 611 697 913 982 1,118 1,158 Current account balance -186 -138 -90 -109 -236 -185 -356 EDT IXGS(%) 230.9 131.9 119.1 114.0 114.0 96.0 82.8 EDT IGNI (%) 165.5 67.4 74.4 70.3 70.5 72.9 68.5 59.2 TDSIXGS (%) 0.7 1.6 1.0 0.8 0.9 0.8 0.7 INT IXGS (%) 0.3 0.9 0.4 0.3 0.3 0.3 0.3 INT I GNI (%) 2.7 0.1 0.5 0.2 0.2 0.2 0.2 0.2 RES I EDT (%) 8.4 23.3 25.9 31.5 30.8 32.5 32.9 RES / MGS (months) 1.6 3.0 3.2 3.7 3.5 3.3 2.8 Short-term / EDT (%) 7.3 4.5 8.6 8.3 7.5 6.9 7.6 7.9 Concessional/ EDT (%) 91.2 90.4 88.2 88.4 88.9 89.5 89.2 89.5 Multilateral/EDT (%) 0.1 5.2 14.5 16.4 21.0 26.8 29.5 30.1 87 CAMBODIA (US$ million. unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 1,683 2,110 2,328 2,393 2,587 2,868 3,080 3,155 Public and publicly guaranteed 1,683 2,110 2,328 2,393 2,587 2,868 3,080 3,155 Official creditors 1.683 2,097 2,328 2,393 2,587 2,868 3,080 3,155 Multilateral I 118 381 442 609 855 1,013 1,059 Concessional I 118 381 442 609 855 1,013 1,059 Bilateral 1,681 1,979 1.947 1,951 1,978 2,013 2,066 2,096 Concessional 1,681 1,946 1,938 1,942 1,969 2,002 2,055 2,086 Private creditors 0 13 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 65 207 238 306 400 467 462 Public sector LDOD 1,683 2.110 2,328 2,393 2,587 2,868 3,080 3,155 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 0 80 79 92 147 172 168 168 Public and publicly guaranteed 0 80 79 92 147 172 168 168 Official creditors 0 64 79 92 147 172 168 168 Multilateral 0 61 78 85 124 142 119 130 Concessional 0 61 78 85 124 142 119 130 Bilateral 0 4 I 7 23 29 49 38 Concessional 0 4 1 7 23 29 49 38 Pri vate creditors 0 16 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 25 37 40 47 63 48 36 PRINCIPAL REPAYMENTS 0 5 7 1 1 3 5 8 Public and publicly guaranteed 0 5 7 1 1 3 5 8 Official creditors 0 2 7 1 1 3 5 8 Multilateral 0 0 0 0 0 2 3 5 Concessional 0 0 0 0 0 2 3 5 Bilateral 0 2 7 1 1 2 2 2 Concessional 0 0 7 I 1 I 2 2 Private creditors 0 3 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 I 2 INTEREST PAYMENTS (LINT) 29 1 12 5 6 8 11 12 Public and publicly guaranteed 29 1 12 5 6 8 11 12 Official creditors 29 I 12 5 6 8 11 12 Multilateral 0 1 3 3 4 6 9 10 Concessional 0 I 3 3 4 6 9 10 Bilateral 29 0 9 1 2 2 2 3 Concessional 29 0 9 1 1 1 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 I I 2 2 4 4 88 CAMBODIA (US$ million, unless otherwise indicated) Euro 0.8 0.8 0.9 0.9 0.8 Japanese yen 0.6 0.4 0.3 0.3 0.7 1.0 1.2 L1 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 12.6 27.2 30.2 31.6 34.7 37.2 39.2 39.4 Total amount rescheduled a 224 a 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 \09 0 0 0 0 0 0 Official 0 \08 0 0 0 0 0 0 Private 0 0 a 0 0 0 0 0 Interest rescheduled 0 103 0 0 0 0 0 0 Official 0 103 a 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 5 0 0 0 a 0 0 Memo: interest forgiven 0 7 0 0 0 0 0 0 Debt stock reduction 0 a a 0 0 0 a 0 of which debt 0 a 0 0 0 0 0 0 Total change in debt stocks 0 375 111 69 204 293 246 76 Net flows on debt 15 100 128 85 101 156 172 154 valuation 0 0 -28 -29 54 81 50 -111 ALL CREDITORS Interest (%) 0.0 1.8 1.3 0.9 L1 L1 0.9 1.4 Maturi ty (years) 0.0 37.5 30.3 34.5 30.5 32.7 30.3 26.9 Grace period (years) 0.0 9.7 8.2 9.9 8.8 9.2 8.9 9.2 Grant element (%) 0.0 69.8 68.6 76.8 71.6 73.7 73.1 67.7 Official creditors Interest (%) 0.0 1.8 1.3 0.9 1.1 1.I 0.9 1.4 Maturity (years) 0.0 37.5 30.3 34.5 30.S 32.7 30.3 26.9 Grace period (years) 0.0 9.7 8.2 9.9 8.8 9.2 8.9 9.2 Grant element (% ) 0.0 69.8 68.6 76.8 71.6 73.7 73.1 67.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturi ty (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL Principal 52 53 58 61 61 70 71 79 Interest 24 26 27 28 28 27 27 26 Official creditors Principal 52 53 58 61 61 70 71 79 Interest 24 26 27 28 28 27 27 26 Bilateral creditors Principal 42 40 40 36 30 32 29 32 Interest 11 12 11 11 11 11 10 9 Multilateral creditors Principal 10 13 18 24 31 37 42 47 Interest 13 IS 15 16 17 17 17 16 Private creditors Principal a a 0 a a a a 0 Interest a 0 0 a 0 0 a a Notes: 89 CAMEROON (US$ million, unless otherwise indicated) 1995 2000 l';8~YDEl1TDtliA·· TOTAL DEBT STOCKS (EDT) 6,431 9,646 9,364 8,611 8,762 9,675 9,070 7,151 Long-term debt (LDOD) 5,373 8,605 7,921 7,458 7,735 8,987 8,125 6,114 Public and publicly guaranteed 5,144 8,316 7,604 7,232 7,558 8,372 7,492 5,521 Private nonguaranteed 230 288 317 226 177 615 632 592 Use of IMJ;' credit 121 51 235 244 307 347 333 272 Short-term debt 936 991 1,208 909 720 341 612 765 of which interest arrears on LDOD 168 349 189 129 128 57 219 373 Official creditors 87 247 89 50 23 14 9 0 Pri vate creditors 82 102 100 79 105 43 210 372 lVlemorandum items Principal arrears on LDOD 309 474 314 122 150 49 102 85 Official creditors 103 243 118 10 17 3 4 2 Pri vale creditors 206 231 195 111 132 46 98 83 TOTAL DEBT FLOWS Disbursements 703 175 354 174 161 181 275 231 Long-tenn debt 703 162 286 153 120 159 275 227 IMF purchases 0 13 69 20 41 22 0 4 Principal repayments 267 216 269 186 194 271 411 547 Long-tenn debt 266 210 252 184 194 260 388 508 IMF repurchases I 6 17 2 0 11 23 39 Net flows on debt 673 119 -20 -251 -220 -398 -28 -316 of which short-tenn debt 237 160 -105 -239 -187 -308 109 0 Interest payments (INT) 249 214 288 152 155 185 246 253 Long-tenn debt 195 173 215 117 128 170 232 232 IMF charges II 2 2 I 2 2 2 J Short-tenn debt 42 38 72 34 25 13 12 20 ]IIet transfers on debt 424 -95 ·308 -403 ·375 -583 -273 -569 Total debt service paid (TDS) 516 430 557 338 349 456 657 800 Long-term debt 461 383 466 300 322 430 621 740 IMF repurchases and charges 13 8 19 3 2 13 25 40 Short -tenn debt (interest only) 42 38 72 34 25 13 12 20 Im$Q~trtFLQ~~~~T~~(~~ijt~)i .... '<'t ~"{--" NET RESOURCE FLOWS 637 164 365 265 920 919 475 45 Net flow of long-tenn debt (ex. IMF) 437 -48 34 -30 -74 -101 -113 -281 Foreign direct investment (net) -113 7 159 73 602 220 0 18 Portfolio equity flows 0 0 0 2 1 0 0 0 Grants (excluding technical coop.) 313 205 172 220 391 800 588 308 Memo: technical coop. grants 126 124 93 105 114 138 151 152 NET TRANSFERS 304 -29 110 94 702 643 243 -187 Interest on long-tenn debt 195 173 215 117 128 170 232 232 Profit remittances on FDI 139 21 41 54 90 105 0 0 Gross national income (GNI) 10,674 7.426 9.479 8,947 10.207 13,094 15,373 16,412 Exports of goods, servo & inc. (XGS) 2,535 2,062 2,614 2.804 2,960 2,959 Worker remit. & compo of employees 23 11 11 II 11 11 11 11 Imports of goods & services (MGS) 3,041 2,032 2.960 3.260 3,443 3.734 international reserves (RES) 37 15 220 340 640 652 842 965 Current account balance -551 90 -249 -376 -445 -675 !t.IJEBT lNDJ,CATORS. · EDT /XGS (%) 253.7 467.9 35S.2 307.1 296.1 327.0 EDT I GNI(%) 60.3 129.9 98.8 96.2 85.S 73.9 59.0 43.6 TDS/XGS (%) 20.3 20.8 21.3 12.0 II.S 15.4 J:.l';! / XGS (%) 9.8 10.4 11.0 5.4 5.3 6.3 !NT / GJ\l (%) 2.3 2.9 3.0 1.7 1.5 1.4 1.6 1.5 RES I EDT(%) 0.6 0.2 2.4 3.9 7.3 6.7 9.3 13.5 RES I MGS (months) 0.1 0.1 0.9 1.3 2.2 2.1 Short-ternll EDT (%) 14.6 10.3 12.9 10.6 8.2 3.5 6.7 10.7 Concessionall EDT (%) 27.9 43.7 47.3 51.2 53.6 55.8 60.5 59.6 Multilateral I EDT (%) 20.2 17.3 15.1 15.7 16.2 16.2 19.1 22.1 90 CAMEROON (US$ million, unless otherwise indicated) 2000 DEBT OUTSTANDING (LDOD) 5,373 8,605 7,921 7,458 7,735 8,987 8,125 6,114 Public and publicly guaranteed 5,144 8,316 7,604 7,232 7,558 8,372 7,492 5,521 Official creditors 3,808 7,567 7,378 7,080 7,391 8,295 7,383 5,416 Multilateral 1,299 1,664 1,410 1,353 1.417 1.570 1,732 1,580 Concessional 342 612 954 949 1,077 1,213 1,427 1,359 Bilateral 2,509 5,903 5,968 5,727 5,975 6,725 5,651 3,836 Concessional 1,453 3,601 3,473 3,460 3,622 4,186 4,058 2,902 Private creditors 1,336 749 227 153 166 77 110 106 of which: Bonds 0 () 0 0 0 0 0 0 Commercial banks 367 277 158 99 114 38 43 38 Private nonguaranteed 230 288 317 226 177 615 632 592 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 230 288 317 226 177 615 632 592 Memo: IBRD 633 624 214 176 141 145 117 84 IDA 238 443 769 758 847 944 1,083 1,032 Public sector LDOD 5,021 8,240 7.557 7.232 7,558 8,372 7,492 5,521 Private sector LDOD 353 365 364 226 177 615 632 592 DISBURSEMENTS 703 162 286 153 120 159 275 227 Public and publicly guaranteed 650 162 247 153 120 147 201 130 Official creditors 546 162 247 153 120 147 201 130 Multilateral 195 81 115 71 73 106 177 68 Concessional 2 38 104 41 72 56 171 59 Bilateral 351 80 133 82 47 41 24 62 Concessional 105 80 126 82 47 41 24 62 Pri vate creditors 105 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 0 0 0 0 0 0 0 Private nonguaranreed 53 0 39 0 0 12 74 98 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 53 0 39 0 0 12 74 98 Memo: IBRD 70 6 0 13 1 35 5 0 IDA 0 35 55 20 50 36 107 31 PRINCIPAL REPAYMENTS 266 210 252 184 194 260 388 508 Public and publicly guaranteed 136 182 165 93 145 200 339 367 Official creditors 95 145 161 93 145 187 339 367 Multilateral 66 129 95 51 74 76 87 92 Concessional 6 9 16 16 16 16 20 23 Bilateral 28 16 66 42 72 III 252 275 Concessional 17 3 45 37 63 \OJ 204 239 Private creditors 41 36 4 0 0 13 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 28 25 4 0 0 11 0 0 Private nonguaranteed 130 28 86 91 49 60 49 141 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 130 28 86 91 49 60 49 141 Memo: IBRD 40 90 52 21 22 35 34 32 IDA 3 4 7 7 8 7 10 12 INTEREST PAYMENTS (LINT) 195 173 215 117 128 170 232 232 Public and publicly guaranteed 178 162 198 105 121 124 185 181 Official creditors 123 152 197 \05 J20 124 184 181 Multilateral 71 80 48 32 43 31 33 27 Concessional 4 6 7 8 9 9 13 12 Bilateral 52 72 149 73 77 93 151 153 Concessional 28 48 59 28 36 49 \02 146 Private creditors 55 10 1 0 0 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 39 5 1 0 0 0 0 0 Private nonguaranteed 17 11 17 12 8 47 48 51 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 17 11 17 12 8 47 48 51 Memo: IBRD 48 55 22 18 14 10 7 5 IDA 2 3 5 6 6 6 9 8 91 CAMEROON (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 59.7 60.1 62.0 68.2 63.8 Japanese yen 0.3 0.3 0.5 0.9 1.2 1.1 1.2 1.3 Pound sterling 2.4 1.4 2.2 1.9 1.9 1.8 2.0 1.9 Swiss franc 1.2 1.1 0.7 0.7 0.7 0.8 0.8 0.6 U.S.dollars 11.5 10.6 26.9 28.7 28.3 26.8 19.2 22.5 Total amount rescheduled 75 857 206 268 41 80 54 55 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 24 287 19 106 30 37 32 32 Official 5 197 7 60 29 37 32 32 Private 19 90 12 46 1 0 0 0 Interest rescheduled 22 152 16 68 22 21 21 21 Official 6 129 15 40 22 21 21 21 Private 16 23 0 28 0 0 0 0 Debt forgiven 10 0 4 336 192 310 243 164 Memo: interest forgiven 0 0 2 212 80 101 23 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 1,187 1,389 -207 -753 151 913 -606 -1,919 Net flows on debt 673 119 -20 -251 -220 -398 -28 -316 Cross-currency valuation 315 279 -432 -305 936 1,084 493 -836 ALL CREDITORS Interest (%) 6.6 2.6 0.9 2.5 0.9 1.3 1.5 0.4 Maturity (years) 15.2 23.3 38.6 30.3 33.9 24.5 34.0 30.8 Grace period (years) 5.3 7.7 9.5 9.7 9.0 7.2 8.0 9.2 Grant element (% ) 21.4 53.7 76.6 59.7 74.5 63.9 66.5 77.8 Official creditors Interest (%) 6.6 2.6 0.9 2.5 0.9 1.3 1.5 0.4 Maturity (years) 15.3 23.3 38.6 30.3 33.9 24.5 34.0 30.8 Grace period (years) 5.3 7.7 9.5 9.7 9.0 7.2 8.0 9.2 Grant element (%) 21.4 53.7 76.6 59.7 74.5 63.9 66.5 77.8 Private creditors Interest (%) 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element 14.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL Principal 559 431 431 408 256 260 241 248 Interest 207 187 167 152 134 125 117 108 Official creditors Principal 422 312 320 305 241 246 229 239 Interest 168 156 146 139 129 121 114 106 Bilateral creditors Principal 335 241 248 229 176 182 169 178 Interest 143 132 123 118 110 104 98 92 Multilateral creditors Principal 87 70 72 77 65 64 60 60 Interest 25 25 23 21 19 17 16 15 Private creditors Principal 136 119 112 103 15 14 13 9 Interest 39 30 22 13 5 4 3 2 Notes: Data on public and publicly guaranteed debt include World Bank staff estimates of the effects of the Paris Club debt restructuring agreements. Historical data on public and publicly guaranteed debt have been revised, based on reports provided by the country. 92 CAPE VERDE (USS million, unless othenvise indicated) 2000 2001 TOTAL DEBT STOCKS (EDT) 133.8 214.3 327.2 360.7 412.7 485.3 520.9 545.8 Long-term debt (LDOD) 129.1 185.0 314.6 341.3 384.2 440.4 466.9 482.3 Public and publicly guaranteed 129.1 185,0 314,6 341.3 384,2 440.4 466,9 482.3 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 3.3 7.3 9.6 12.3 Short-term debt 4.7 29.3 12.6 19.4 25.2 37.6 44.5 51.1 of which interest an·ears on LDOD 2.3 4.7 4.0 3.7 3.3 3.0 3.1 2.9 Official creditors 1.9 4,0 4.0 3.4 3.1 3.0 3,0 2,8 Private creditors 0.4 0.7 0.0 0.3 0.3 0.1 0.1 0,1 Memorandum items Principal arrears on LDOD ILl 20.0 34.1 26.4 24.4 24,3 24.2 24.7 Official creditors 10.4 18.5 32.9 25.8 23.4 23.2 23.4 23.5 Private creditors 0.7 1.6 1.2 0.6 1.0 l.l 0.7 1.2 TOTAL DEBT FLOWS Disbursements 12.1 21.4 28.8 51.5 37.7 37.7 28.7 79.3 Long-teoo debt 12.1 21.4 28.8 51.5 34.5 34.3 26.8 75.6 IMF purchases 0.0 0.0 0.0 0.0 3.2 3.4 1.8 3.7 Principal repayments 3.7 5.5 11.1 9.8 14.3 14.4 17.6 25.4 Long-teoo debt 3.7 5.5 11.1 9.8 14.3 14.4 17.6 25.4 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 10.7 34.5 .10.7 48.8 29.5 36.1 17.9 60.7 of which short -teoo debt 2.4 18.7 -7.1 7.0 6.1 12.8 6.8 6.8 Interest payments (lNT) 2.0 4.1 5.0 4.2 7.4 5.8 6.8 7.9 Long-term debt 1.9 3.4 4.8 3.6 6.6 4.7 5.5 6.4 IMF charges 0,0 0,0 0,0 0.0 0,0 0,0 0,0 0.1 Short-ternl debt 0.1 0.8 0.3 0.6 0.8 1.0 1.2 1.4 Net transfers on debt 8.7 30.4 5.6 44.6 22.1 30.4 11.2 52.9 Total debt service paid (TDS) 5.7 9.6 16.1 14.0 21.7 20.1 24.3 33.3 Long-teoo debt 5.6 8.9 15.9 13.4 20.9 19.1 23.1 3L8 IMF repurchases and charges 0.0 0.0 0.0 0.0 0,0 0,0 0.0 0.1 Short-tenn debt (interest only) 0.1 0.8 0.3 0.6 0.8 1.0 1.2 1.4 NET RESOURCE FLOWS 86.1 103.4 94.7 74.3 76.6 91.9 100.2 178.2 Net flow oflong-tenn debt (ex. IMp) 8.3 15,9 17.7 4L7 20.2 19.9 9.3 50.3 Foreign direct investment (net) 0.3 26.2 33.4 9.1 14.8 14.8 20.3 54.4 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 77.5 61.4 43.6 23.5 4L7 57.2 70.6 73.5 Memo: technical coop. grants 18.0 40.4 29.5 18.1 21.0 56.5 43.3 43.8 NET TRANSFERS 84.2 99.6 84.8 69.3 65.9 85.0 91.4 161.4 Interest on long-tenn debt 1.9 3.4 4.8 3.6 6.6 4.7 5.5 6.4 Profit remittances on FDI 0.0 0.5 5.1 1.4 4.1 2.2 3.3 10.3 Gross national income (GNI) 340.5 485.3 520.0 544.1 604.6 781.0 907.0 949.6 Exports of goods, servo & inc. (XGS) 119.3 191.4 236.6 254.1 285.7 382.1 432.4 521.2 Worker remit. & compo of employees 59.0 106.0 87.0 81.0 85.0 92.0 113.0 137.0 Imports of goods & services (MGS) 153.1 300.7 343.6 363.2 438.4 577.0 624.3 698.1 International reserves (RES) 77.0 36.9 28.3 45.4 79.8 93.6 139.5 174.0 Current account balance -3.8 -61.6 -58.0 -55.7 -71.5 -77.2 -58.1 -34.4 EDT/XGS (%) 112.1 111.9 138.3 141.9 144.5 127.0 120.5 104.7 EDT I GNI(%) 39.3 44.2 62.9 66.3 68.3 62.1 57.4 57.5 TDS I XGS (%) 4.8 5.0 6.8 5.5 7.6 5.3 5.6 6.4 !NT I XGS (%) 1.7 2.2 2.1 1.6 2.6 1.5 1.6 1.5 INT I GNI (%) 0.6 0.8 1.0 0.8 1.2 0.7 0.7 0.8 RES/EDT(%) 57.5 17.2 8.6 12.6 19.3 19.3 26.8 31.9 RES I MGS (months) 6.0 1.5 LO 1.5 2.2 1.9 2.7 3.0 Short-term I EDT (%) 3.5 13.7 3.9 5.4 6.1 7.7 8.5 9.4 Concessionall EDT (%) 70.2 68.6 82.1 84.1 83.6 81.7 81.5 81.1 Multilateral! EDT (%) 65.0 67.2 70.0 66.8 67.5 68.3 69.8 68.6 93 CAPE VERDE (US$ million, unless otherwise indicated) 1995 2000 5. LONG·T~l)EB't . . DEBT OUTSTANDING (LDOD) 129.1 185.0 314.6 341.3 384.2 440.4 466.9 482.3 Public and publicly guaranteed 129.1 185.0 314.6 341.3 384.2 440.4 466.9 482.3 Official creditors 126.6 178.6 307.1 325.3 364.4 417.6 445.9 460.1 Multilateral 87.0 143.9 229.2 240.8 278.7 331.3 363.6 374.2 Concessional 68.4 122.6 220.0 232.7 272.4 321.8 353.2 367.0 Bilateral 39.6 34.6 77.9 84.5 85.6 86.3 82.3 85.9 Concessional 25,5 24.5 4S.4 70.8 72.6 74.7 71.3 75.6 Private creditors 2.5 6.4 7.5 16.0 19.5 22,S 21.0 22.2 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 2.6 2.2 1.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 13.6 33.0 97.9 109.6 140.4 173.3 194.6 205.1 Public sector LDOD 129.1 185.0 314.6 341.3 384.2 440.4 466.9 482.3 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 12.1 21.4 28.8 51.5 34.5 34.3 26.8 75.6 Public and publicly guaranteed 12.1 21.4 28.8 51.5 34.5 34.3 26.8 75.6 Official creditors 12.1 17.1 28.8 40.4 30.1 32.5 26,8 67.2 Multilateral 6.0 14.9 23.5 24.9 30.1 32.3 26.0 50.6 Concessional 6.0 13.7 23.5 24.9 30.1 29,9 24.7 50.6 Bilateral 6,1 2.2 5.3 15.5 0.0 0,2 0.9 16.5 Concessional 0.7 2,2 5.3 15.5 0.0 0.2 0.9 16.5 Pri vate creditors 0.0 4.2 0.0 Il.l 4.4 1.8 0.0 8.4 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 1.8 0,0 OJ) Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0,0 0,0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.0 6.0 10.4 16.0 22.0 19.0 13.8 27.2 PRINCIPAL REP A YMEl'.'TS 3.7 5.5 11.1 9.8 14.3 14.4 17.6 25.4 Public and publicly guaranteed 3.7 5.5 11.1 9.8 14.3 14.4 17.6 25.4 Official creditors 3.6 5.5 9.3 7.1 11.4 Il.7 14.4 20.9 Multilateral 2.5 4.8 6.1 5.0 8.1 6.6 7.4 12.5 Concessional 1.0 3.5 4.8 4.2 5.9 5.3 6.2 11.4 Bilateral 1.1 0.7 3.2 2.2 3.3 5.1 7.0 8.4 Concessional 0.2 0.2 2.2 1.4 2.6 3.7 6.4 7.8 Private creditors 0.1 0.0 1.8 2.7 2.9 2.6 3.1 4.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0,0 0.0 0.0 0.0 0.0 0.0 0.0 O.D IDA 0.0 0.1 0.3 0.3 0.3 0.7 1.1 1.4 INTEREST PAYMENTS (LINT) 1.9 3.4 4.8 3.6 6.6 4.7 5.5 6.4 Public and publicly guaranteed 1.9 3.4 4.8 3.6 6.6 4.7 5.5 6.4 Official creditors 1.9 3.4 3.9 3.2 5.5 4.5 5.1 5.4 Multilateral 1.2 3.3 2.7 1.7 3.7 3.0 3.7 4.1 Concessional 0.5 2.3 2.3 1.5 3.3 2.9 3.5 3.9 Bilateral 0.7 0.1 1.1 1.5 1.8 1.4 1.4 1.3 Concessi anal 0.0 0.1 0.8 1.0 1.6 1.3 1.3 1.3 Pri vale creditors 0.0 0.0 0.9 0.4 1.I 0.3 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 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: fBRD 0.0 0.0 0.0 0.0 D.O 0.0 0.0 0.0 IDA 0,1 0.2 0.7 0,7 0.9 1.1 1.5 1.6 94 I s: CAPE VERDE (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 12.0 12.7 13.4 12.4 13.0 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 38.5 35.4 55.7 54.0 54.6 54.4 55.3 52.6 Total amount rescheduled 0.0 0.0 0.0 15.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 8.2 0.0 0.0 21.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total change in debt stocks 7.7 38.0 -0.2 33.5 52.0 72.6 35.5 24.9 Net flows on debt 10.7 34.5 10.7 48.8 29.5 36.1 17.9 60.7 2.9 1.3 -7.0 -4.1 17.6 23.2 12.5 -24.6 ALL CREDITORS Interest (%) 1.5 0.8 3.1 2.7 0.9 1.3 2.6 3.5 Maturity (years) 42.6 39.8 28.7 20.5 40.1 26.8 27.8 32.5 Grace period (years) 9.1 10.3 5.8 4.8 9.6 6.3 6.2 8.4 Grant element (%) 73.0 80.6 50.2 45.9 76.3 58.8 55.2 53.0 Official creditors Interest (%) 1.5 0.8 0.8 1.3 0.9 1.3 2.6 3.5 Maturity (years) 42.6 39.8 45.9 26.1 42.9 26.8 27.8 32.5 Grace period (years) 9.1 10.3 9.3 6.1 10.3 6.3 6.2 8.4 Grant element (%) 73.0 80.6 80.1 60.1 80.2 58.8 55.2 53.0 Private creditors Interest (%) 0.0 0.0 5.5 5.5 1.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 10.6 8.5 7.0 0.0 0.0 0.0 Grace period 0.0 0.0 2.2 2.2 2.0 0.0 0.0 0.0 Grant element 0.0 0.0 18.6 16.0 30.6 0.0 0.0 0.0 TOTAL Principal 25.7 23.2 23.8 24.7 23.3 22.4 17.5 15.8 Interest 7.1 7.1 6.9 6.6 6.2 5.7 5.3 5.0 Official creditors Principal 19.3 18.9 19.5 20.8 19.7 20.2 17.1 15.8 Interest 6.3 6.5 6.4 6.3 6.0 5.7 5.3 5.0 Bilateral creditors Principal 8.6 8.1 7.8 7.8 5.6 5.6 2.6 2.2 Interest 2.0 2.0 1.8 1.7 1.5 1.4 1.3 1.2 Multilateral creditors Principal 10.6 10.8 11.7 12.9 14.2 14.6 14.5 13.6 Interest 4.3 4.5 4.6 4.6 4.5 4.3 4.1 3.8 Private creditors Principal 6.4 4.3 4.3 3.9 3.6 2.2 0.4 0.0 Interest 0.8 0.6 0.4 0.3 0.2 0.1 0.0 0.0 Notes: Data on long-tenn public and publicly guaranteed debt for 2005 are estimates based on the original tenns of the loans. Short-term debt data are World Bank staff estimates. 95 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1995 2000 l.~ I)EB'l'J.)A'fJ\, TOTAL DEBT STOCKS (EDT) 699 946 858 822 1,065 1,038 1,081 1,016 Long-tenn debt (LDOD) 624 854 796 757 980 900 930 871 Public and publicly guaranteed 624 854 796 757 980 900 930 871 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 37 35 21 31 33 36 44 36 Short-term debt 38 57 41 34 52 101 108 109 of which interest arrears on LDOD 15 36 25 25 43 89 99 100 Official creditors 13 32 24 24 40 82 92 93 Private creditors 2 4 1 1 3 7 7 7 !Memorandum items Principal arrears on LDOD 23 74 96 96 130 174 207 222 Official creditors 20 61 84 83 104 144 176 192 Pri vate creditors 4 14 13 13 26 30 31 30 TOTAL DEBT FLOWS 11 1 8 Disbursements Long-term debt lMF purchases 121 113 8 33 33 0 16 16 0 0 10 1 0 0 0 0 0 8 °0 0 Principal repayments 17 10 8 9 0 0 12 5 Long-term debt 8 3 7 9 0 0 9 0 IMF repurchases 10 7 1 0 0 0 2 5 Net flows on debt 107 25 -14 -5 0 3 -6 -5 of which short -term debt 3 2 -22 -6 0 3 -3 0 1 1 Interest payments (INT) Long-term debt 12 9 6 4 6 4 0 4 4 0 0 ° 0 0 3 2 0 0 0 IMF charges 1 1 0 Short-term debt 2 I \ 0 0 0 0 0 Net transfers on debt 95 19 ·20 -9 0 2 -9 -6 Total debt service paid (TDS) 29 16 14 13 1 1 14 6 Long-term debt 17 6 12 13 0 0 11 1 IMF repurchases and charges 11 8 1 0 0 0 3 5 Short-term debt (interest only) 2 1 I 0 0 0 0 0 NET RESOURCE FLOWS 192 146 65 55 51 36 57 64 Net flow of long-term debt (ex, L\1F) 105 30 9 -9 0 0 -9 0 Foreign direct investment (net) 1 6 I 5 6 3 -13 6 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 86 110 56 59 45 33 79 58 Memo: technical coop. grants 56 47 22 21 21 24 34 38 NET TRANSFERS 181 142 61 51 51 36 55 64 Interest on long-term debt 9 4 4 4 0 0 2 0 Profit remittances on FIJI 2 0 0 0 0 0 0 0 >" ;" ,~;~ '; 3.M:IlJOB.EroNOMlCA~Im~~t~; Gross national income (GNl) 1,465 1,101 937 957 \,039 1,191 1.303 1,367 Exports of goods, serv, & inc. (XGS) 220 Worker remit. & compo of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 432 International reserves (RES) 123 238 136 122 127 137 153 145 Current account balance -89 4. DDT INDICA1'ORS EDT/XGS (%) 317.0 EDT/GNI(%) 47,7 85.9 91.6 85.9 102.5 87,2 83,0 74,3 TDS/XGS(%) 13,2 !NT I XGS (%j 5,3 !NT IGNI (%) 0.8 0,5 0.6 0.4 0.1 0.0 0.2 0.0 RES I EDT (%) 17.6 25.2 15.9 14,8 11.9 13,2 14.2 14,3 RES I MGS (months) 3.4 Short-term I EDT (%) 5.4 6.0 4.7 4,2 4.9 9,7 10,0 10.7 Concessionall EDT ('70) 73.1 80,9 83.3 82.5 69,9 78.5 78.2 78.1 Multilateral I EDT (%) 65,2 67,3 68,0 67,0 54.9 62.4 62,7 61.1 96 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 2000 DEBT OUTSTANDING (LDOD) 624 854 796 757 980 900 930 871 Public and publicly guaranteed 624 854 796 757 980 900 930 871 Official creditors 603 836 763 724 946 866 899 841 Multilateral 456 636 583 550 585 647 678 621 Conccssional 429 622 572 540 573 636 665 610 Bilateral 147 199 180 174 361 219 221 220 Concessional 81 143 143 138 172 179 180 183 Private creditors 22 18 33 33 34 34 31 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: mRD 0 0 0 0 0 0 0 0 IDA 265 414 391 372 399 435 455 423 Public sector LDOD 624 854 795 756 979 899 928 869 Private sector LDOD 0 0 1 1 1 I 2 1 DISBURSEMENTS 113 33 16 0 1 0 0 0 Public and publicly guaranteed 113 33 16 0 1 0 0 0 Official creditors 113 33 16 0 1 0 0 0 M ul tilateral 95 33 16 0 I 0 0 0 Concessional 94 32 16 0 I 0 0 0 Bilateral 18 0 0 0 0 0 0 0 Concessional 16 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 Commercial banks 0 0 0 0 () 0 () 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 () () () () 0 Commercial banks and other 0 () 0 () () 0 0 0 Memo: mRD 0 0 0 0 0 0 0 0 IDA 70 30 13 0 I 0 0 0 PRINCIPAL REPAYMENTS 8 3 7 9 0 0 9 0 Public and publicly guaranteed 8 3 7 9 0 0 9 0 Official creditors 7 3 7 9 0 0 5 0 Multilateral 3 3 7 7 0 0 I () Concessional 2 2 7 7 () 0 1 () Bilateral 4 0 1 2 () 0 5 () Concessional 1 0 () 2 0 0 3 0 Private creditors 1 0 0 () () 0 4 () of which: Bonds () () 0 () 0 0 () 0 Commercial banks 0 0 () 0 0 () 0 () Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 () 0 0 () 0 Commercial banks and other 0 0 0 0 () 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 I 6 6 0 0 0 0 INTEREST PAYMENTS (LINT) 9 4 4 4 0 0 2 0 Public and publicly guaranteed 9 4 4 4 0 0 2 0 Official creditors 8 4 4 4 0 0 2 0 Multilateral 5 4 3 3 0 0 0 0 Concessional 3 3 3 3 0 0 0 0 Bilateral 3 0 1 1 0 0 2 0 Concessional 2 0 I I 0 0 2 0 Private creditors I 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 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 () 0 Commercial banks and other 0 0 0 () 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 3 3 3 0 0 0 0 97 CENTRAL AFRICAN REPUBLIC (US$ million, unless othenvise indicated) Euro 5.2 5.2 6.9 7.0 6.7 Japanese yen 0.7 0.7 0.7 0.6 0.5 0.6 0.6 0.6 Pound sterling 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0,1 Swiss franc 2.6 2,8 2.2 2.1 2.1 2.6 2.8 2.5 U.S.dollars 43.6 56.2 61.2 61.9 51.1 58,5 58.0 58.6 1. DEBT ~TRtJ(o"I'tJRJN(jS Total amount rescheduled 4 8 3 2 0 0 0 0 Debt stoek rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 3 4 2 I 0 0 0 0 Official 3 4 2 I 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 1 I 0 0 0 0 0 Official 0 1 1 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 153 1 0 0 0 0 0 0 Memo: interest forgiven 4 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 ·8~bEJTST~~noWU~~lAllQNci· Total change in debt stocks 5 58 -51 -36 243 -27 44 -66 Net flows on debt 107 25 -14 -5 0 3 -6 -5 Cross-currency valuation 38 -35 -34 -19 46 61 33 -59 f.Ay:l!tCA9E·'1J1.~OfNlilW~ .. ALL CREDITORS Interest (%) 1.0 0.8 0,8 0,8 0.0 0.0 0.0 0.0 Maturity (years) 37.6 39.7 39.8 39.5 0.0 0,0 0.0 0.0 Grace period (years) 10.2 10.2 10.3 10.0 0,0 0,0 0,0 0,0 Grant element (%) 77.0 80.5 80.6 80,3 0.0 0.0 0.0 0.0 Official creditors Interest (%) 1.0 0.8 0.8 0,8 0,0 0,0 0.0 0,0 Maturity (years) 37,6 39,7 39,8 39,5 0.0 0.0 0,0 0.0 Grace period (years) 10.2 10.2 10,3 10.0 0.0 0.0 0.0 0.0 Grant element (%) 77.0 80.5 80.6 80.3 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 Grant element (%) 0.0 0,0 0.0 0.0 0.0 0.0 0,0 0.0 ~!)"CONtRA~~LOlU:JQ~TIQNSONO~r~~GliQ~~~;J;*Qt'Jl:J£II;tc 2006 2007 2008 2009 2010 2011 TOTAL Principal 30 20 21 22 23 26 26 27 Interest 7 7 6 6 6 6 5 5 Official creditors Principal 30 20 21 22 23 26 26 27 Interest 7 7 6 6 6 6 5 5 Bilateral creditors Principal 15 5 5 5 4 5 4 4 Interest 3 2 2 2 2 2 2 1 Multilateral creditors Principal 14 15 16 17 18 21 22 22 Interest 5 4 4 4 4 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 public and publicly guaranteed debt for 2005 include World Bank staff estimates. 98 CHAD (US$ million, unless otherwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 529 912 1,138 1,136 1,323 1,590 1,701 1,633 Long-tenn debt (LDOD) 469 843 1,031 1,024 1,191 1,462 1,582 1,537 Public and publicly guaranteed 469 843 1,031 1,024 1,191 1,462 1,582 1,537 0 0 Private nonguaranteed Use of IMF credit Short-term debt 30 30 ° ° 49 20 78 29 0 0 89 23 107 26 ° 106 23 ° 96 23 79 16 of which interest arrears on LDOD 6 12 14 10 12 14 15 11 Official creditors 4 12 14 10 12 13 14 10 Private creditors 2 0 0 I I I I Memorandum items Principal arrears on LDOD 16 ° 36 57 51 62 60 40 37 Official creditors 14 36 54 49 58 57 35 32 Private creditors 3 0 3 3 3 3 5 5 TOTAL DEBT FLOWS Disbursements 112 73 59 74 122 188 113 116 Long-term debt ]04 61 46 57 105 181 113 110 IMF purchases 8 13 14 17 17 7 0 6 Principal repayments 7 10 15 16 15 33 32 42 Long-tenn debt 3 3 14 15 10 20 19 29 IMF repurchases 4 7 1 I 5 13 13 13 Net flows on debt 108 64 43 56 108 151 80 71 of which short-term debt 2 0 -2 -2 1 -4 -1 -3 Interest payments (INT) 5 6 11 7 11 14 14 19 Long-term debt 3 4 10 7 10 13 13 18 IMFcharges 0 0 0 0 1 1 0 Short-term debt 2 1 1 0 0 0 0 Net transfers on debt 103 58 32 49 97 137 66 52 Total debt service paid (TDS) 12 16 26 23 26 47 46 61 Long-term debt 6 7 24 21 20 33 32 47 IMF repurchases and charges 4 8 1 2 5 14 14 14 Short-ternl debt (interest only) 2 1 I 1 0 0 0 0 NET RESOURCE FLOWS 257 211 207 599 1,118 985 784 1,038 Net flow of long-term debt (ex. IMF) 101 58 31 43 95 161 94 81 Foreign direct investment (net) 9 33 115 460 924 713 478 705 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 147 121 61 96 100 112 212 252 Memo: technical coop. grants 58 63 31 27 33 42 44 47 NET TRANSFERS 254 207 198 592 1,108 973 772 1,020 Interest on long-term debt 3 4 10 7 10 13 13 18 Profit remittances on FDI 0 0 0 0 0 0 0 0 Gross national income (GNI) 1,721 1,441 1,365 1,680 1,923 2.213 3,612 4,442 ExpOlts of goods, servo & inc. (XGS) 274 Worker remit. & compo of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 511 International reserves (RES) 132 147 114 125 223 192 227 231 Current account balance -46 EDT I XGS (%) 192.9 EDT I GNI(%) 30.7 63.3 83,4 67.6 68.8 71.9 47.1 36.8 TDS I XGS (%) 4,4 !NT IXGS (%) 1.9 I1'iT! GNI (%) 0.3 OA 0.8 OA 0.6 0.6 OA OA RES I EDT (%) 25.0 16.1 10.0 11.0 16.8 12.1 13.3 14.2 RES! MGS (months) 3.1 Short-term! EDT (%) 5.6 2.2 2.5 2.1 1.9 1.4 1.4 1.0 Concessional! EDT (%) 76.9 77.1 81.3 81.6 82.5 81.8 83.6 85.5 Multilateral! EDT (%) 63.7 75.1 75.6 75.9 77.4 79.5 81.5 83.1 99 CHAD (US$ million, unless otherwise indicated) 2000 DEBT OUTSTANDING (LDOD) 469 843 1,031 1,024 1,191 1,462 1,582 1,537 Public and publicly guaranteed 469 843 1,031 1.024 1,191 1,462 1,582 1,537 Official creditors 460 841 1,016 1,010 1,178 1.428 1,549 1,505 Multilateral 337 685 861 863 1,024 1,264 1,387 1,358 Concessional 327 635 835 830 987 1,188 1,309 1,289 Bilateral 123 156 156 147 154 165 162 148 Concessional 80 69 90 97 105 113 114 107 Pri vate creditors 9 2 15 14 13 33 33 32 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: 9 31 37 35 IDRD IDA Public sector LDOD 0 186 468 0 379 843 ° 515 1,031 9 516 1,024 623 1,191 773 1,462 874 1,582 864 1,537 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 104 61 46 57 105 181 113 110 Public and publicly guaranteed 104 61 46 57 105 181 113 110 Official creditors 104 61 46 57 105 161 113 110 Multilateral 72 61 36 50 100 147 110 108 Concessional 70 61 36 41 98 111 104 106 Bilateral 32 0 10 8 5 14 3 2 Conccssional 25 0 10 8 5 14 3 2 Private creditors 0 0 0 0 0 20 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 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IDRD 0 0 0 9 0 22 6 IDA 48 42 18 26 72 94 74 64 PRINCIPAL REPAYMENTS 3 3 14 15 10 20 19 29 Public and publicly guaranteed 3 3 14 15 10 20 19 29 Official creditors 3 3 14 14 9 20 19 27 Multilateral 3 3 II 9 7 11 14 21 Concessional 2 2 9 8 6 8 10 14 Bilateral 0 I 3 5 2 9 5 7 Concessional 0 0 2 5 1 5 4 7 Private creditors I 0 I 0 1 0 0 1 of which: Bonds 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 Bonds 0 0 () 0 () () 0 0 Commercial banks and other 0 0 0 0 () 0 0 0 Memo: IDRD 0 0 0 () 0 0 0 2 IDA I 1 4 5 2 2 4 4 INTEREST PAYMENTS (LINT) 3 4 10 7 10 13 13 18 Public and publicly guaranteed 3 4 10 7 10 13 13 18 Official creditors 3 4 9 6 10 13 13 18 Multilateral 2 4 6 5 8 9 10 14 Concessional 2 3 5 4 7 8 9 13 Bilateral I 0 3 I 2 4 2 3 ConcessionaJ 1 0 I I 2 2 I 2 Private creditors 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 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 {} 0 0 0 () 0 0 Commercial banks and other {} {} 0 {} 0 {} 0 0 Memo: IDRD 0 0 {} 1 () 0 1 I IDA I 3 3 4 3 4 7 6 100 CHAD (US$ million, unless othe/wise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Euro 4.8 4,5 5.1 5,0 4.4 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 48.5 50.8 56.7 58.4 60.0 62,8 63.2 65.0 Total amount rescheduled 8 56 a 5 1 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 3 2 0 3 I 0 0 0 Official 2 I 0 3 1 0 0 0 Private 1 1 0 0 0 0 0 Interest rescheduled Official 1 1 7 7 0 a ° 2 2 a a 0 0 0 0 0 0 Private 0 1 0 a a a 0 0 Debt forgiven 12 55 0 14 12 10 8 10 Memo: interest forgi yen 0 8 0 7 4 3 1 6 Debt stock reduction a 0 0 a a a a a of wbich debt a a a a a a a a Total change in debt stocks 126 75 -13 -2 187 267 III -68 Net flows on debt 108 64 43 56 108 lSI 80 71 Cross-currency valuation 8 -34 -43 -25 63 95 48 -100 ALL CREDITORS Interest (%) 1.7 1.0 0.7 2.2 0.6 0.9 1.0 0.7 Maturity (years) 30.3 38.0 40.5 30,1 31.4 38.5 38.8 35.7 Grace period (years) 9.2 8.7 10.1 8.4 8.1 9.6 9.8 4.2 Grant element (%) 66.4 75.2 80.7 61.4 72.4 77.3 77.3 71.1 Official creditors Interest (%) 1.7 1.0 0.7 2.2 0.8 0.9 La 0.7 Maturity (years) 30.3 38.0 40.5 30.1 34.8 38.5 38.8 35.7 Grace period (years) 9.2 8.7 10.1 8.4 8.9 9.6 9.8 4.2 Grant element (%) 66.4 75,2 80,7 61.4 75.8 77,3 77.3 71.1 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 13.5 0.0 0.0 0.0 Grace period (years) 0,0 0,0 0.0 0.0 3.8 0,0 0,0 0.0 Grant element (%) 0.0 0.0 0.0 0,0 54.4 0.0 0,0 0.0 2006 2007 2008 2009 2010 TOTAL Principal 49 55 55 56 61 63 66 66 Interest 20 20 19 18 18 17 15 14 Official creditors Principal 46 52 52 52 58 61 64 64 Interest 20 20 19 18 18 17 IS 14 Bilateral creditors Principal 10 10 10 9 8 8 8 8 Interest 5 5 5 4 4 4 3 3 Multilateral creditors Principal 37 42 42 43 49 52 56 56 Interest 14 15 14 14 14 13 12 11 Private creditors Principal 2 3 3 3 3 2 2 2 Interest 0 a a 0 a a 0 0 Notes: 101 CHILE (US$ million, unless otherwise indicated) 2000 2003 2004 2005 TOTAL DEBT STOCKS (EDT) 19,226 22,038 37,289 38,631 41,219 42,820 43,803 45,154 Long-term debt (LDOD) 14,687 18,607 31,117 33,341 35,.396 35,804 36,351 38,281 Public and publicly guaranteed 10,425 7,178 5,255 5,581 6,799 8,046 9,426 9,096 Private nonguaranteed 4,263 11,429 25,86\ 27,760 28,596 27,758 26,925 29,184 Use of 1M ..' credit 1,156 0 0 0 0 0 0 0 Short·term debt 3,382 3,431 6,172 5,290 5,823 7,016 7,452 6,873 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 2,253 3,821 4,979 6,024 7,092 6,841 8,.388 9,156 Long-term debt 2,253 3,821 4,979 6,024 7,092 6,841 8,388 9,\56 lMF purchases 0 0 0 0 0 0 0 0 Principal repayments 980 3,671 3,941 4,684 6,011 6,578 8,136 6,178 Long-term debt 771 3,369 3,941 4,684 6,011 6,578 8,136 6,178 lMP repurchases 208 303 0 0 0 0 0 0 Net flows on debt 1,682 -284 2,893 458 1,614 1,456 688 2,400 of which short-term debt 409 -434 1,855 -882 533 1,193 436 -579 Interest payments (INT) 1,792 1,293 2,236 1,964 1,718 1,485 1,429 1,495 Long-ternl debt 1,364 1,114 2,082 1,809 1,592 1,286 1,275 1,289 lMFcharges 118 13 0 0 0 0 0 0 Short -term debt 310 165 154 154 126 200 154 206 Net transfers on debt -110 -1,577 657 -1,506 ·104 -30 ·742 905 Total debt service paid (TDS) 2,772 4,964 6,177 6,648 7,729 8,063 9,565 7,672 Long-term debt 2,135 4,483 6,023 6,494 7,603 7,864 9,411 7,466 1MF repurchases and charges 326 316 0 0 0 0 0 0 Shon -term debt (interest only) 310 165 154 154 126 200 154 206 NET RESOURCE FLOWS 2,583 3,215 5,489 5,346 3,333 4,911 7,463 11,361 Net flow of long-term debt (ex. LI\1P) \,481 452 1,038 1,340 1,081 263 252 2,979 Foreign direct investment (net) 661 2,957 4,860 4,200 2,550 4,307 7,173 6,667 Portfolio equity flows 367 -249 -427 -217 -320 318 8 1,635 Grants (excluding technical coop.) 73 54 18 23 23 23 31 81 Memo: technical coop. grants 66 97 56 58 48 59 67 60 NET TRANSFERS 832 -78 868 1,286 -705 -986 -2,043 -999 Interest on long-term debt 1,364 1,114 2,082 \,809 1,592 1,286 \,275 1,289 Profit remittances on FDI 387 2.178 2,539 2,250 2,447 4,611 8,231 11.071 Gross national income (GNI) 29,800 68.637 72,335 66,067 64,413 69,114 87.023 104,670 Exports of goods, serv. & inc. (XGS) 10,705 20,226 24,891 23,868 23,679 28,083 40,087 49,906 Worker remit. & compo of employees 1 0 13 12 12 13 13 3 Imports of goods & services (MGS) 11,387 21.883 26,346 25.395 24,842 29,652 39,579 50,938 International reserves (RES) 6,784 14,860 15.055 14.399 15,344 15,843 15,997 16,933 Current account balance -485 -1,350 -898 -1,100 -580 -964 1,586 703 EDT I XGS (%) 179.6 109.0 149.8 161.8 174.1 152.5 109.3 90.5 EDT IGNI (%) 64.5 32.1 51.5 58.5 64.0 62.0 50.3 43.1 TDS / XGS (%) 25.9 24.5 24.8 27.9 32.6 28.7 23.9 15.4 INT / XGS (%) 16.7 6.4 9.0 8.2 7.3 5.3 3.6 3.0 INT I GNI (%) 6.0 1.9 3.1 3.0 2.7 2.1 1.6 1.4 RES/EDT(%) 35.3 67.4 40.4 37.3 37.2 37.0 36.5 37.5 RES I MGS (months) 7.1 8.1 6.9 6.8 7.4 6.4 4.9 4.0 Short-term / EDT (%) 17.6 15.6 16.6 13.7 14.1 16.4 17.0 15.2 Concessionall EDT (%) 1.9 1.5 1.0 0.9 0.8 0.8 0.7 0.6 Multilateral I EDT (%) 21.5 13.0 3.8 3.4 2.6 2.4 2.3 1.8 102 CHILE (US$ million. unless othenvise indicatedj 2000 DEBT OUTSTANDl:~G (LDOD) 14,687 18,607 31,117 33,341 35,396 35,804 36,351 38,281 Public and publicly guaranteed 10,425 7,178 5,255 5,581 6,799 8,046 9,426 9,096 Official creditors 5.182 3.582 1.915 1,746 1.477 1,437 l,335 LIl3 Multilateral 4,143 2,871 1.406 1,317 1,088 1,049 1,015 827 ConcessionaJ 33 23 13 11 9 10 7 5 Bilateral 1,039 711 509 429 389 388 321 285 Concessional 334 308 348 318 300 319 314 284 Pri vate creditors 5.242 3,596 3,341 3,835 5,322 6,609 8,091 7.984 of which: Bonds 39 0 0 650 2,390 4,254 5,362 5.406 Commercial banks 4,747 3.509 3.273 3,182 2,906 2,329 2,704 2,578 Private nonguaranteed 4,263 11,429 25,861 27,760 28,596 27,758 26,925 29,184 Bonds 0 866 6.339 7,173 7,174 4.529 4,951 4,761 Commercial banks and other 4,263 10,563 19,522 20,587 21,422 23,229 21,974 24,423 Memo: IBRD 1,860 1,372 808 727 556 422 441 289 IDA 14 II 7 7 6 5 4 4 Public sector LDOD 10,421 7,178 5,175 5,501 6,719 8,020 9,426 9,096 Private sector LDOD 4,267 11,429 25,941 27,840 28,676 27,785 26,925 29,184 DISBURSEMENTS 2,253 3,821 4,979 6,024 7,092 6,841 8,388 9,156 Public and publicly guaranteed 708 342 382 1,295 2,404 2,255 2,561 1,197 Official creditors 650 194 161 122 126 156 378 176 Multilateral 583 146 113 J08 126 141 371 162 Concessional 0 0 0 0 0 0 0 0 Bilateral 67 48 47 14 I 15 7 14 Concessional 0 48 17 14 I 8 7 14 Pri vale creditors 58 148 221 1,174 2,277 2,099 2,184 1,022 of which: Bonds 0 0 0 650 1,708 1,800 1,250 500 Commercial banks 37 141 221 524 544 299 934 522 Private nonguarantecd 1,545 3,479 4,597 4,729 4,688 4,586 5,827 7,959 Bonds 0 500 672 1,281 0 330 1,125 700 Commercial banks and other 1.545 2,979 3,925 3,448 4,688 4,256 4,702 7,259 Memo: IBRD 251 83 48 39 30 37 259 55 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 771 3,369 3,941 4,684 6,011 6,578 8,136 6.178 Public and publicly guaranteed 500 2,277 760 931 1,270 1,129 1,217 1,466 Official creditors 356 2,003 280 242 438 246 485 374 Multilateral 263 1.884 177 178 376 199 406 345 Concessional 2 2 2 2 2 3 2 2 Bilateral 93 119 103 64 62 47 79 29 Concessional 32 29 34 31 30 13 17 24 Private creditors 144 273 480 688 832 883 732 1,093 of which: Bonds 7 0 0 0 0 0 171 422 Commercial banks 32 240 479 624 831 882 560 646 Private nonguaranteed 271 1,092 3,181 3,754 4,741 5,449 6,919 4,711 Bonds 0 II 0 404 94 434 752 195 Commercial banks and other 271 1,081 3,181 3,350 4,647 5,015 6,167 4,517 Memo: IBRD 119 704 115 119 202 173 240 206 IDA I 1 I 1 1 I INTEREST PAYMENTS (LINT) 1,364 1,114 2,082 1,809 1,592 1,286 1,275 1,289 Public and publicly guaranteed 1,112 653 377 299 213 364 400 459 Official creditors 384 387 139 121 101 76 51 50 Multilateral 313 348 112 105 87 65 44 43 Concessional I 0 0 0 0 0 0 0 Bilateral 71 39 27 16 14 12 7 7 Concessional 9 6 9 6 6 6 5 7 Pri vate creditors 729 266 239 178 112 287 349 409 of which: Bonds 2 0 0 0 0 192 265 299 Commercial banks 688 258 234 175 112 95 84 110 Private nonguaranteed 252 461 1,704 1,510 1,379 922 875 829 Bonds 0 26 440 499 552 351 349 347 Commercial banks and other 252 435 1,265 1,011 826 571 526 482 Memo: IBRD 130 137 70 63 50 35 18 16 IDA 0 0 0 0 0 0 0 0 103 CHILE (US$ million, unless othen1'ise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 Euro 1.5 6.0 6.1 5.4 1.0 Japanese yen 8.2 9.5 5.5 3.9 2.8 2.0 0.9 0.7 Pound sterling 3.4 2.9 0.2 0.2 0.1 OJ 0.0 0.0 Swiss franc 0.6 0.9 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 40.2 42.0 83.7 87.6 87.8 89.1 92.9 97.7 Total amount rescheduled 4,172 0 0 0 0 0 0 0 Debt stock rescheduled 4,168 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,100 145 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 0 0 Total change in debt stocks 1,193 -1I7 2,474 1,342 2,588 1,602 983 1,351 Net flows on debt 1.682 -284 2,893 458 1,614 1,456 688 2,400 Cross-currency valuation 508 14 -61 -82 25 289 8 64 ALL CREDITORS Interest (%) 7.8 6.2 7.0 5.9 4.3 4.3 2.8 5.0 Maturity (years) 17.9 18.1 6.3 12.8 6.7 9.3 6.5 18.4 Grace period (years) 4.2 5.4 3.0 7.0 5.7 8.0 5.4 16.4 Grant element (%) 12.2 24.3 9.8 20.6 22.2 29.2 27.9 29.2 Official creditors Interest (%) 7.7 6.1 LO 6.8 4.1 1.6 1.8 4.1 Maturity (years) 18.8 19.5 17.0 24.6 13.6 19.4 8.3 12.9 Grace period (years) 4.3 5.8 1.5 5.6 3.9 5.2 4.5 4.7 Grant element (%) 13.1 26.2 49.1 22.4 31.3 47.7 35.1 31.2 Private creditors Interest (%) 9.3 6.8 7.0 5.6 4.4 4.4 2.9 5.1 Maturity (years) 7.6 10.5 6.3 7.9 6.1 9.1 6.2 19.2 Grace period (years) 2.3 3.0 3.0 7,6 5.8 8,0 5.6 18,2 Grant element (%) 1.7 14.2 9.7 19.8 21.5 28.7 26,9 28.9 2006 2007 2008 2009 2010 2013 TOTAL Principal 8,708 4,699 4.333 4,469 2,559 2,907 2,823 2,479 Interest 1,664 1.395 1.389 1,000 832 649 489 316 Official creditors Principal 62 75 273 80 149 131 61 58 Interest 49 50 45 39 36 31 27 24 Bilateral creditors Principal 37 33 28 31 30 13 13 14 Interest 5 5 4 4 3 3 2 2 Multilateral creditors Principal 25 41 245 49 118 118 48 45 Interest 44 46 41 35 33 28 24 22 Private creditors Principal 8,646 4,625 4,060 4,390 2,411 2,776 2,761 2,421 Interest 1,615 1,344 1,344 961 796 618 462 291 Notes: Short-term debt is based on reports provided by the country, 104 CHINA (US$ million. unless otherwise indicated) 2000 TOTAL DEBT STOCKS (EDT) 55,301 118,090 145,729 184,820 186,132 208,452 247,701 281,612 Long-term debt (LDOD) 45,515 95,764 132,649 128,520 120,452 120,359 131,931 133,345 Public and publicly guaranteed 45,515 94,674 94.860 91.776 88,613 85,329 89,773 82,853 Private nonguaranteed 0 1,090 37,789 36,744 31,839 35,030 42,158 50,492 Use ofIMF credit Short-term debt of which interest arrears on LDOD 469 9,317 0 22,325 0 ° 0 13,080 0 0 56,300 0 65,680 0 ° 88,093 0 ° 115,770 0 ° ° 148,267 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 9,665 21,985 16,777 14,781 19,058 25,421 24,181 26,837 Long-tenn debt 9,665 21,985 16,777 14,781 19,058 25,421 24,181 26,837 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,809 9,070 19,925 16,643 24,715 29,869 16,289 20,848 Long-tenn debt 3,319 9,070 19,925 16,643 24,715 29,869 16:289 20,848 IMF repurchases 490 0 0 0 0 0 0 0 Net flows on debt 8,267 17,758 -5,248 -33 618 13,961 35,569 38,485 of which short-tenn debt 2,410 4,842 -2.100 1,828 6,275 18;409 27,677 32,497 Interest payments (INT) 3,248 5,996 7,167 7,895 6,371 7,121 6,967 6,513 Long-tenn debt 2,534 4,657 5,999 6,160 4.232 4,499 4,004 3,211 IMP charges 65 0 0 0 0 0 0 0 Short-tenn debt 649 1,340 1,168 1,735 2,139 2,622 2,963 3,302 Net transfers on debt 5,018 11,761 -12,415 -7,928 -5,753 6,840 28,602 31,972 Total debt service paid (IDS) 7,057 15,066 27,092 24,538 31,085 36,990 23,256 27,361 Long-tenn debt 5,853 13,726 25,924 22,803 28,946 34,369 20,294 24,060 IMF repurchases and charges 555 0 0 0 0 0 0 0 Short -tenn debt (interest only) 649 1,340 1,168 1,735 2,139 2,622 2,963 3,302 NET RESOURCE FLOWS 10,082 49,095 42,468 43,485 46,214 50,690 74,132 105,793 Net flow oflong-tenn debt (ex. IMp) 6,346 12,915 -3,148 -1,861 -5,657 -4,448 7,892 5,988 Foreign dire.:! investment (net) 3,487 35,849 38,399 44,241 49,308 47,077 54,936 79,127 Portfolio equity flows 0 0 6,912 849 2,249 7,729 10,923 20,346 Grants (excluding technical coop.) 249 330 305 256 314 332 380 332 Memo: technical coop. grants 384 563 537 513 565 789 883 859 NET TRANSFERS 7,502 34,485 16,271 15,836 24,159 28,837 52,713 81,542 Interest on long-tenn debt 2,534 4,657 5,999 6,160 4,232 4,499 4,004 3,211 Profit remittances on FDI 46 9,953 20,198 21,489 17,823 17,353 17,415 21,040 Gross national income (GNI) 355,699 716,237 1,183,815 1,305,630 1,438,886 1,633,123 1,928,188 2,244,932 Exports of goods, servo & inc. (XGS) 60,515 152,781 292,668 309.709 375,419 504,441 680,998 881,342 Worker remit. & compo of employees 210 1,053 6,244 8,385 13,012 17,815 19,014 22,492 InlPOrtS of goods & services (MGS) 48,668 152,248 277,904 299,888 351,302 472,857 630,610 740,414 International reserves (RES) 34,476 80,288 171,763 220,057 297,739 416,199 622,949 831,410 Current account balance 11,997 1,618 20,518 17,401 35,422 45,875 68,659 160,8\8 EDT/XGS (%) 91.4 77.3 49.8 59.7 49.6 41.3 36.4 32.0 EDT I GNI (%J 15.5 16.5 12.3 14.2 12.9 12.8 12.8 12.5 TDS/XGS (%) 11.7 9.9 9.3 7.9 8.3 7.3 3.4 3.1 !NT /XGS (%) 5.4 3.9 2.4 2.5 1.7 1.4 1.0 0.7 !NT /GNl(%) 0.9 0.8 0,6 0.6 0.4 0.4 0.4 0.3 RES I EDT (%) 62.3 68.0 117.9 119.1 160.0 199.7 251.5 295.2 RES / MGS (months) 8.5 6.3 7.4 8.8 10.2 10.6 11.9 13.5 Short-tenn / EDT (%) 16.8 18.9 9.0 30.5 35.3 42.3 46.7 52.6 Concessional/ EDT (%) 17.6 15.2 20,7 16.0 16.1 15.6 15.6 11.8 Multilateral I EDT (%) 11.1 13.8 17.7 14.5 14.7 12.6 10.7 9.4 *Includes central government debt, other public sector which is not guaranteed, and private sector debt which is guaranteed by a public entity. 105 CHINA (US$ million, unless otherwise indicated) 1995 2000 2005 5~LONG-TEIlMDEIU DEBT OUTSTANDING (LDOD) 45,515 95.764 132,649 128,520 120,452 120,359 131,931 133,345 Public and publicly guaranteed 45,515 94,674 94,860 91,776 88,613 85,329 89,773 82,853 Official creditors 14,514 36,982 50,393 50,566 50,822 51,385 57,270 52,232 Multilateral 6, III 16,302 25,811 26,861 27,421 26,236 26,525 26,413 Concessional 3,119 7,180 8,821 8,693 9,457 10350 10,670 9,741 Bilateral 8,403 20,680 24,582 23,705 23,401 25,149 30,745 25,819 Concessional 6,599 10,792 21,397 20,796 20,466 22,220 27,876 23,361 Private creditors 31,001 57,693 44.467 41,210 37,791 33,944 32,503 30,621 of which: Bonds 5,425 10,684 11,371 11,852 10,568 11.167 13,769 13,831 Commercial banks 14,520 23,869 10,619 6,760 6,062 5,119 3.434 3,064 Private nonguaranteed 0 1,090 37,789 36,744 31,839 35,030 42,158 50,492 Bonds 0 1,090 1,068 1,536 1,540 1.620 2,326 3,574 Commercial banks and other 0 0 36,721 35.208 30,299 33.410 39,832 46,918 Memo: ffiRD 2,865 7,209 1 [,I [8 11,550 11,254 10,657 11,035 11,[40 IDA 3,016 7,038 8,771 8,654 9,423 10,314 10,670 9,741 Public sector LDOD 45,449 93,573 94,860 91,776 88,613 85,329 89,773 82,594 Private sector LDOD 66 2,192 37.789 36,744 31,839 35.030 42.158 50,751 DISBURSEMENTS 9,665 21,985 16,777 14,781 19,058 25,421 24,181 26,837 Public and publicly guaranteed 9,665 21,441 9,695 8,611 4,671 4,805 6,605 7.385 Official creditors 2,578 9,073 5,791 4,741 3,269 2,582 2,513 2,169 Multilateral 1,158 2,838 3,303 2,575 2,628 2,308 1,757 2,010 Concessional 511 822 424 319 212 143 69 70 Bilateral 1,420 6,235 2,487 2,167 641 273 756 159 Concessional 1,022 1,533 1,874 1,779 463 255 752 159 Private creditors 7,087 12,368 3,904 3,870 1.402 2,223 4,093 5,215 of which: Bonds 277 1,224 848 1.486 100 1,606 3,747 2,000 Commercial banks 3,247 4,977 131 348 115 65 75 1,978 Private nonguaranteed 544 7,082 6,170 14,387 20,616 17,576 19,452 Bonds Commercial banks and other ° 0 0 544 0 390 6,692 476 5,694 90 14,297 175 20.441 737 16,839 1.622 17.830 Memo: ffiRD 591 1.457 1,528 1.480 1.812 1,475 1.119 1,061 IDA 507 812 379 311 208 141 69 70 PRINCIPAL REPAYMENTS 3,319 9,070 19,925 16,643 24,715 29,869 16,289 20,848 Public and publicly guaranteed 3,319 9,070 10,798 8,579 9,940 10,279 4,906 6,571 Official creditors 851 1,171 4.271 2,586 4,476 5,739 2,459 1,325 Multilateral 220 420 [,400 1.182 3,123 4,5[4 1,531 1,195 Concessional 0 19 317 131 123 150 222 217 Bilateral 631 751 2,871 1,404 1,353 1,225 928 130 Concessional 145 315 2,346 1,143 1,104 1,067 819 97 Pri vate creditors 2,468 7,899 6,527 5,993 5,464 4,540 2.446 5,246 of which: Bonds 325 1.451 443 926 1,165 507 769 550 Commercial banks 808 2,645 2,016 1,556 740 962 271 1,936 Private nonguaranteed 0 9,127 8,064 14,775 19,590 11,384 14,277 Bonds Commercial banks and other 0 0 ° 0 0 534 8,593 0 8,064 80 14,695 110 19,480 26 11,358 370 13.907 Memo: ffiRD 216 350 578 817 2,389 2.312 813 787 IDA 0 14 66 87 113 147 186 217 INTEREST PAYMENTS (LINT) 2,534 4,657 5,999 6,160 4,232 4,499 4,004 3,211 Public and publicly guaranteed 2,534 4,623 4,075 4,244 3,077 3,178 3,050 2,194 Official creditors 531 1.288 2,387 2,575 1,669 1,600 1,860 1,376 Multilateral 226 619 1,518 1,808 1,149 805 866 680 Concessional 20 53 69 66 68 73 78 79 Bilateral 305 669 869 767 520 795 994 696 Concessional 193 324 633 544 417 615 789 534 Private creditors 2,003 3.335 1,688 1,669 1,408 1,578 1,190 818 of which: Bonds 367 594 52[ 690 413 470 328 422 Commercial banks 959 1,333 222 202 220 1 [8 294 71 Private nonguaranteed 0 33 1,924 1,916 1,155 1,321 954 1,017 Bonds 0 33 93 III 119 123 122 248 Commercial banks and other 0 0 1,831 1,805 1,036 1,198 832 769 Memo: ffiRD 200 460 713 733 593 378 242 351 IDA 19 49 65 64 67 72 78 79 106 CHINA (US$ millioll, unless otherwise indicated) 2005 Euro 4.8 5.7 7.2 9.0 8.3 Japanese yen 30.4 20.7 16.9 14.5 15.4 16.7 15.9 13.9 Pound sterling 0.7 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.2 0.0 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 29.1 58.1 71.4 74.1 72.4 71.2 70.8 73.9 "f.~T·P$TR~cto'RINGS Total amount rescheduled 0 0 0 0 0 0 0 o Debt stock rescheduled 0 0 0 0 0 0 0 o Principal rescheduled 0 0 0 0 0 0 0 o Official 0 0 0 0 0 0 0 o Private 0 0 0 0 0 0 0 o Interest rescheduled 0 0 0 0 0 0 0 o Official 0 0 0 0 0 0 0 o Private 0 0 0 0 0 0 0 o Debt forgiven 0 0 0 0 0 0 0 o Memo: interest forgiven 0 0 0 0 0 0 0 o Debt stock reduction 0 0 0 0 0 0 0 o of which debt buyback 0 0 0 0 0 0 0 o ··~. ·;tS't9CJt..,FlJ(J.WtmC{)N~~n()~'···· Total change in debt stocks 10,369 17,633 -6,356 39,091 1,312 22,320 39,249 33,911 Net flows on debt 8,267 17,758 -5,248 -33 618 13,961 35,569 38,485 1,415 -375 -3,118 -2,923 3,370 3,910 1,431 -3,683 ';AYERAGE'T~SQt~PC()~NTs;; . ALL CREDITORS Interest (%) 7.5 6.5 6.6 5.9 5.7 3.5 3.8 4.7 Maturity (years) 16,6 11.8 15.4 14.1 16.6 15.3 14,3 13.6 Grace period (years) 3.9 2,9 2.5 3,8 3,0 5.9 6,9 4.8 Grant element (%) 15,6 15.4 17.1 21.5 24.9 39,5 38,0 28,0 Official creditors Interest (% ) 3.7 6.8 7.2 5,8 4.2 2.1 2.4 4.2 Maturity (years) 27,9 18.3 21.1 21.4 20.7 21.9 22.3 22.5 Grace period (years) 7,9 3.7 4,9 4.7 5.0 5.4 5.2 5.5 Grant element (%) 49.2 19,0 17.5 26,9 38.1 54.4 52.6 40.4 Private creditors Interest (%) 8.6 6.3 6.4 5.9 6.5 4.9 4.7 5.0 Maturity (years) 13.3 7.3 13.7 11.8 14.1 9.1 9.2 8.9 Grace period (years) 2,7 2.4 1.8 3.5 1.8 6,4 8.0 4.5 Grant element (0/0) 5.7 12.9 17.0 19.7 16.8 25.4 28.7 21.4 2006 2007 2008 2009 2010 TOTAL Principal 21.283 18,400 17,031 16,118 12,820 10,015 6,501 6.082 Interest 4.880 4,270 3,639 3,133 2,661 2,233 1,910 1,622 Official creditors Principal 5,706 5,077 4,248 4,104 4.102 3.964 3,905 3,701 Interest 2,I30 2.004 1,873 1,745 1,597 1.439 1,276 1,109 Bilateral creditors Principal 4,089 3,408 2,467 2,262 2,084 1.818 1,747 1,575 Interest 1,043 885 753 645 542 453 373 298 Multilateral creditors Principal \,616 1,669 l.781 /,841 2.019 2,146 2,158 2,126 Interest 1,087 1,119 1,l20 1,100 1,055 987 903 811 Private creditors Principal 15,577 13,323 12.783 12,014 8,717 6,OSl 2.596 2.381 Interest 2,750 2,266 1,766 1,388 1,063 794 634 513 Notes: Data on long-term public and publicly guaranteed debt for 2005 are based on aggregate information provided by the authorities and World Bank staff estimates. Short-term and private nonguaranteed debt data for 1999-2005 are reported by the country 107 COLOMBIA (US$ million, unless otherwise indicated) 1995 TOTAL DEBT STOCK..~ (EDT) 17,222 25,044 33,930 36,245 33,204 36,997 37,910 37,656 Long-term debt (LDOD) 15,784 19,499 31,059 32,958 29,545 33,441 32,790 31,480 Public and publicly guaranteed 14,671 13,946 20.800 21,774 20,669 22,783 23,771 22,491 Pri vate non guaranteed 1,113 5,553 10,259 J 1,184 8,876 10,657 9,019 8,989 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 1,438 5,545 2,871 3,287 3,659 3,556 5,120 6,176 of which interest ,mears on LDOD 28 2 0 0 0 0 0 0 Official creditors 17 0 0 0 0 0 0 0 Private creditors 11 2 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 409 177 8 7 0 0 0 0 Official creditors 42 85 0 0 0 0 0 0 Private creditors 367 92 8 7 0 0 0 0 TOTAL DEBT FLOWS Disbursements 1,994 4,179 3,803 6,016 3,319 6,935 4,416 6,372 Long-term debt 1,994 4,179 3,803 6.016 3,319 6,935 4.416 6,372 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,189 2,347 2,901 3,621 4,620 6,198 5,249 7,366 Long-term debt 2,189 2,347 2.901 3.621 4,620 6,198 5,249 7,366 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt -399 2,894 -192 2,811 -929 634 731 63 of which short-term debt ·204 1,062 -1,094 416 372 -103 1,564 1,056 Interest payments (INT) 1,701 1,998 2,204 2,689 2,224 2,447 2,440 2,806 Long-term debt 1.558 1,687 2,032 2,528 2,064 2,295 2,262 2,553 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 143 311 172 162 160 152 178 254 Net transfers on debt -2,100 897 -2,395 122 -3,153 -1,813 -1,708 -2,743 Total debt service paid (TDS) 3,889 4,345 5,105 6,310 6,844 8,645 7,688 10,172 Long-term debt 3,746 4.034 4,932 6,148 6,684 8.493 7,510 9,919 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 143 3Jl 172 162 160 152 178 254 NET RESOURCE FLOWS 340 3,039 3,394 4,967 953 2,547 2,555 9,624 Net flow of long-term debt (ex. IMF) -195 1,832 903 2,395 -1,301 737 -832 -994 Foreign direct investment (nel) 500 968 2,395 2,525 2.139 1,758 3.117 10,375 Portfolio equity flows 0 165 17 -42 17 -52 130 86 Grants (excluding technical coop.) 35 74 79 89 98 104 141 157 Memo: technical coop. grants 79 98 182 360 413 768 477 448 NET TRANSFERS -2,182 993 707 1,515 -2,168 -1,263 -2,173 3,403 Interest on long-term debt 1,558 1.687 2,032 2,528 2,064 2,295 2,262 2,553 Profit remittances on FDI 964 359 655 924 1,058 1.515 2,466 3,668 Gross national income (G1';l) 38,193 90,923 81,463 79,397 78,427 76,013 92,451 116,784 Exports of goods. servo & inc. (XGS) 9,514 13,781 18,403 17,978 17,354 19,346 23,320 28,781 Worker remit. & compo of employees 495 815 1,610 2,056 2,480 3,076 3,190 3,346 Imports of goods & services (MGS) 9,510 18.286 17,734 19,400 18,964 20,569 24.815 31.538 International reserves (RES) 4.869 8,452 9,006 10,244 10,844 10,920 13,537 14,955 Current account balance 542 -4,516 764 -1.089 -1,358 -974 -938 -1,981 EDT/XGS (%) 181.0 181.7 184,4 201.6 191.3 191.2 162.6 130.8 EDT I GNI(%) 45.1 27.5 41.7 45.6 42.3 48.7 41.0 32,2 TDS I XGS (%) 40,9 31.5 27.7 35,1 39.4 44.7 33.0 35.3 ThfT I XGS (%) 17.9 14.5 12.0 15.0 12.8 12,6 10.5 9.8 !NT I GNI(%) 4.5 2,2 2.7 3.4 2.8 3.2 2.6 2.4 RES I EDT (%) 28.3 33.7 26.5 28.3 32.7 29.5 35.7 39.7 RES I MGS (months) 6.1 5.5 6.1 6.3 6.9 6.4 6.5 5.7 Short-term I EDT (%) 8,4 22.1 8.5 9.1 11.0 9.6 13.5 16.4 Concessionall EDT (%) 5.7 3,9 2.8 2.4 2.8 3.0 2.8 2.5 Multilateral I EDT (%) 35,4 21.2 18.5 20.0 22.9 27.3 27.5 25.5 108 COLOMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 15,784 19,499 31,059 32,958 29,545 33,441 32,790 31,480 Public and publicly guaranteed 14,671 13,946 20,800 21,774 20,669 22,783 23,771 22,491 Official creditors 8,540 7.063 7.722 8.588 8,941 11,332 11,462 10,514 Multilateral 6,103 5,316 6,274 7,252 7,607 10,085 10,410 9.615 Concessional 219 161 102 89 75 273 373 351 Bilateral 2,437 1,747 1,448 1,336 1,334 1,247 1,052 899 Concessional 769 814 860 798 853 838 701 606 Private creditors 6,131 6,883 13,077 13,185 11,728 11,452 12,309 11,977 of which: Bonds 275 1,733 8,201 10,226 9,623 9,664 10,741 10.864 Commercial banks 4,208 4,163 4,245 2,270 1,516 1,292 1,143 799 Private nonguaranteed 1,113 5,553 10,259 11,184 8,876 10,657 9,019 8,989 Bonds 0 717 762 658 658 376 370 370 Commercial banks and other 1,113 4,836 9,497 10,526 8,218 10,282 8,649 8,619 Memo: mRD 3,859 2,548 1,920 2,006 2,348 3,241 3,490 3,896 IDA 14 11 7 7 6 5 5 4 Public sector LDOD 14,630 13,945 20,798 21,772 20,668 22,782 23,770 22,490 Private sector LDOD 1,154 5.555 10,261 11,185 8,877 10,658 9,020 8,990 DISBURSEMENTS 1,994 4,179 3,803 6,016 3,319 6,935 4,416 6,372 Public and publicly guaranteed 1,847 1,569 2,939 5,255 2,025 5,654 2,884 4,252 Official creditors 697 685 660 ],601 980 3,312 1,173 1,467 Multilateral 559 394 508 1,519 912 3,288 1,169 1,467 Concessional 3 0 0 0 0 180 118 3 Bilateral 139 290 152 82 68 24 4 0 Concessional 26 70 97 54 56 15 4 0 Private creditors 1,150 885 2,279 3.653 1,045 2,342 1,711 2,784 of which: Bonds 0 535 1,804 3,045 500 2,047 1,375 2,180 Commercial banks 874 257 469 379 465 268 292 591 Private nonguaranteed 147 2,610 865 761 1,294 1,281 1,533 2,121 Bonds 0 592 0 0 0 0 170 0 Commercial banks and other 147 2,018 865 761 1,294 1,281 1.363 2,121 Memo: mRD 213 238 266 368 480 987 455 705 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPA YME.l'.'TS 2,189 2,.~47 2,901 3,621 4,620 6,198 5,249 7,366 Public and publicly guaranteed 1,875 2,200 2,068 2,720 3,326 3,944 2,083 4,674 Official creditors 737 1,110 557 518 960 1,260 1,089 2,189 Multilateral 527 647 440 401 852 1,118 943 2,072 Concessional 12 13 13 13 14 15 19 22 Bilateral 210 463 116 117 108 142 146 117 Concessional 36 39 44 47 43 84 87 64 Pri vate creditors 1,138 L090 1.512 2,202 2,366 2,683 994 2,485 of which: Bonds 4 119 469 985 1,190 2,070 441 1,684 Commercial banks 849 723 839 1,031 990 491 438 681 Private nonguaranteed 314 147 832 900 1,294 2,254 3,165 2,692 Bonds 0 llO 98 282 176 0 Commercial banks and other Memo: 314 ° 147 722 802 ° 1.294 1,972 2,990 2,692 mRD 434 414 242 232 231 211 255 218 IDA I 1 1 1 1 1 1 I INTEREST PAYMENTS (LINT) 1,558 1,687 2,032 2,528 2,064 2,295 2,262 2,553 Public and publicly guaranteed 1,240 962 1,414 1,689 1,568 1,630 1,636 1,915 Official creditors 627 505 541 561 503 537 540 569 Multilateral 476 388 470 493 448 489 497 529 Concessional 6 4 3 2 2 2 10 19 Bilateral 150 118 71 68 55 49 43 39 Concessional 19 25 26 26 24 22 19 18 Private creditors 613 457 873 1,128 1,065 1,093 1,096 1,347 of which: Bonds 27 58 515 867 932 998 1,009 1,253 Commercial banks 461 310 298 199 92 61 58 69 Private nonguaranteed 318 725 618 838 495 665 625 637 Bonds 0 15 84 79 75 75 38 36 Commercial banks and other 318 710 534 759 420 590 587 601 Memo: lBRD 318 190 126 133 115 146 152 174 IDA 0 0 0 0 0 0 0 0 109 COLOMBIA (US$ million. unless orhenvise indicated) 1990 1995 2000 2001 2002 2003 Buro 9.8 9.6 6.2 6.3 3.9 Japanese yen 4.9 5.6 3.6 3.9 3.8 2.3 1.7 1.6 Pound sterling 0.3 0.1 0.8 0.7 0.8 0.8 0.9 0.8 Swiss franc 0.3 0.2 0.0 0.0 0.0 0.1 0.0 0.0 U.S.dollars 44.0 49.9 74.4 72.9 72.9 79.2 81.4 85.4 1i;I)_T~RUCTURIN~S Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgi ven 2 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt 0 0 0 0 0 0 0 0 . ' >;;;8~D.T"OCK;.",Q;Wtu:CONgI..IATlQN...' Total change in debt stocks 336 3.106 -491 2,315 -3.041 3,793 913 -254 Net flows on debt -399 2,894 ·192 2,811 -929 634 731 63 494 315 -364 -370 646 704 426 245 ;~A~lY\GE~.Qlf:NEW CQQ11'~rfl'S ALL CREDITORS Interest (%) 8.0 4.8 7.9 8.7 7.7 5.4 6.6 6.6 Maturity (years) 16.5 11.7 10.7 12.5 9.2 12.4 14.8 13.5 Grace period (years) 4.6 4.3 6.2 8.0 6.0 8.4 9.2 8.6 Grant element (%) 12.2 23.6 4.7 8.1 9.2 23.0 22.6 20.6 Official creditors Interest (% ) 7.5 6.4 8.6 5.5 4.1 3.7 4.3 4.9 MatUllty (years) 18.7 20.4 12.6 18.7 13.8 10.7 17.2 16.0 Grace period (years) 5.4 4.8 3.7 6.0 3.9 4.8 6.5 6.0 Grant element (%) 15.5 23.3 7.4 28.8 31.1 32.1 36.1 31.9 Private creditors Interest (%J 9.3 3.8 7.7 lOA 8.9 8.8 9.0 7.8 Maturity (years) 10.2 6.1 10.2 9.2 7.8 16.0 12.3 11.7 Grace period (years) 2.2 4.0 7.0 9.1 6.6 15.8 12.1 lOA Grant element (%) 2.3 23.9 3.9 -3.3 1.9 4.1 8.3 12.8 2006 2007 2008 2009 2010 TOTAL Principal 4.504 3.147 3,593 2,966 3,232 2.027 2.162 1,514 Interest 2,194 1,971 1,712 1.506 1,289 1.067 954 777 Official creditors Principal 957 978 967 918 1.014 1,037 859 868 Interest 553 526 488 447 404 352 302 261 Bilateral creditors Principal 113 111 109 II! 85 69 25 22 Inlerest 37 31 26 20 IS 11 8 7 Multilateral creditors Principal 844 867 857 807 929 968 834 845 Interest 517 494 462 427 388 342 295 254 Private creditors Principal 3.547 2,169 2,626 2,048 2.217 990 1,303 646 Interest 1,640 1.445 1,224 1,059 885 715 652 516 Notes: 110 COMOROS (US$ million, unless otherwise indicated) 1995 2000 2001 2002 2003 2004 2005 TOTAL DEBT STOCKS (EDT) 188.5 215.5 237.6 248.1 275.6 293.1 308.8 288.8 Long.term debt (LDOD) 176.1 202.1 207.9 223.1 245.4 265.3 275.2 259.3 Public and publicly guaranteed 176.1 202.1 207.9 223.1 245.4 265.3 275.2 259.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 3.3 1.5 0.8 0.6 0.2 0.0 0.0 Short·term debt 12.4 10.1 28.3 24.1 29.6 27.7 33.6 29.5 of which interest arrears on LDOD 12.2 8.1 19.3 21.1 23.6 26.6 30.6 26.5 Official creditors 12.2 8.1 19.3 21.1 23.6 26.6 30.6 26.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 25.5 26.9 60.8 64.1 67.6 68.3 80.2 76.4 Official creditors 25.5 26.9 60.8 64.1 67.6 68.3 80.2 76.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 5.4 9.6 2.1 11.6 12.2 8.6 3.2 2.7 Long-term debt 5.4 9.6 2.1 11.6 12.2 8.6 3.2 2.7 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.2 0.4 1.8 1.9 4.2 2.1 2.2 2.6 Long-term debt 0.2 0.4 1.2 1.3 3.8 1.8 2.0 2.6 IMF repurchases 0.0 0.0 0.6 0.6 0.4 0.4 0.2 0.0 Net flows on debt 2.2 11.2 2.3 3.7 11.0 1.6 3.0 0.1 of which short-term debt -3.0 2.0 2.0 -6.0 3.0 -4.9 1.9 0.0 Interest payments (INT) 0.9 0.6 1.4 0.9 0.9 0.9 1.1 1.4 Long-term debt 0.7 0.5 0.8 0.6 0.8 0.8 1.0 1.3 IMFcharges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 0.1 0.6 0.3 0.1 0.1 0.1 0.2 Net transfers on debt 1.3 10.6 0.9 2.8 10.1 0.7 1.9 -1.3 Total debt service paid (TDS) 1.1 1.0 3.2 2.8 5.1 3.0 3.3 4.0 Long-term debt 1.0 0.9 2.0 2.0 4.6 2.6 3.0 3.8 IMF repurchases and charges 0.0 0.0 0.6 0.6 0.4 0.4 0.2 0.0 Short-term debt (interest only) 0.2 0.1 0.6 0.3 0.1 0.1 0.1 0.2 NET RESOURCE FLOWS 33.2 27.8 11.8 22.4 21.8 15.2 13.5 14.5 Net flow oflong-term debt (ex. IMF) 5.2 9.2 0.9 10.2 8.4 6.9 1.3 0.1 Foreign direct investment (net) 0.4 0.9 0.1 1.1 0.4 1.0 -0.1 1.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 27.7 17.8 10.7 11.0 13.0 7.3 12.4 13.4 Memo: technical coop. grants 15.8 14.6 8.4 8.3 10.3 12.0 12.6 13.1 NET TRANSFERS 31.9 27.2 11.0 21.8 21.0 14.3 12.5 13.2 Interest on long-term debt 0.7 0.5 0.8 0.6 0.8 0.8 1.0 1.3 Profit remittances on FDI 0.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Gross national income (GNI) 249.3 232.9 202.2 220.8 250.4 323.1 360.3 384.6 Exports of goods, servo & inc. (XGS) 48.1 61.4 Worker remit. & compo of employees 10.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 Imports of goods & services (MGS) 93.4 105.7 International reserves (RES) 29.9 44.9 43.4 62.5 80.1 94.5 104.0 86.1 Current account balance -10.5 -19.0 EDT/XGS (%) 392.0 350.8 EDT I GNI (%) 75.6 92.5 117.5 112.3 110.0 90.7 85.7 75.1 IDS IXGS (%) 2.3 1.6 !NT I XGS (%) 1.8 0.9 !NT IGNI (%) 0.4 0.2 0.7 0.4 0.4 0.3 0.3 0.4 RES I EDT (%) 15.9 20.8 18.3 25.2 29.1 32.3 33.7 29.8 RES I MGS (months) 3.8 5.1 Short-tenn I EDT (%) 6.6 4.7 11.9 9.7 10.7 9.4 10.9 10.2 Concessionall EDT (%) 86.1 90.2 83.9 86.8 85.9 87.3 85.9 86.7 Multilateral I EDT (%) 61.2 73.0 70.2 69.6 70.6 72.8 72.3 71.9 111 COMOROS (US$ million, unless otherwise indicated) DEBT OUTSTANDING (LOOm 176.1 202.1 207.9 223.1 245.4 265.3 275.2 259.3 Public and publicly guaranteed 176.1 202.1 207.9 223.1 245.4 265.3 275.2 259.3 Official creditors 176.1 202.1 207.9 223.1 245.4 265.3 275.2 259.3 Multilateral 115.3 157.4 166.S 172.6 194.6 213.4 223.4 207.6 Concessional 101.6 149.7 158.2 164.S 185.9 203.9 213.5 198.7 Bilateral 60.8 44.7 41.1 50.5 50.9 51.8 51.8 51.7 Concessional 60.8 44.7 41.1 50.5 50.9 51.8 51.8 51.7 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 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 37.5 64.1 70.8 79.0 96.1 112.4 IIS.7 111.1 Public sector LDOD 176.1 202.1 207.9 223.1 245.4 265.3 275.2 259.3 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 5.4 9.6 2.1 11.6 12.2 8.6 3.2 2.7 Public and publicly guaranteed 5.4 9.6 2.1 11.6 12.2 8.6 3.2 2.7 Official creditors 5.4 9.6 2.1 11.6 12.2 8.6 3.2 2.7 Multi lateral 1.3 9.6 2.1 11.6 12.2 8.6 3.2 2.7 Concessional 1.3 9.6 2.1 11.6 12.2 8.6 3.2 2.7 Bilateral 4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 4.2 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 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.7 9.6 2.1 11.6 12.2 8.6 3.2 2.7 PRINCIPAL REP A YMENTS 0.2 0.4 1.2 1.3 3.8 1.8 2.0 2.6 Public and publicly guaranteed 0.2 0.4 1.2 1.3 3.8 1.8 2.0 2.6 Official creditors 0.2 0.4 1.2 1.3 3.8 1.8 2.0 2.6 Multilateral 0.2 0.4 1.2 l.3 3.1 1.8 2.0 2.6 Concessional 0.2 0.4 1.2 1.3 3.1 1.8 2.0 2.6 Bilateral 0.0 0.0 0.0 0.0 0.7 0.0 0.0 0.0 Concessional 0.0 0.0 0.0 0.0 0.7 0.0 0.0 0.0 Pri vate credi tors 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 non guaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.4 0.8 0.8 1.1 1.3 1.8 2.0 INTEREST PAYMENTS (LINT) 0.7 0.5 0.8 0.6 0.8 0.8 1.0 1.3 Public and publicly guaranteed 0.7 0.5 0.8 0.6 0.8 0.8 1.0 1.3 Official creditors 0.7 0.5 0.8 0.6 0.8 0.8 1.0 1.3 Multilateral 0.4 0.5 0.8 0.6 0.7 0.8 1.0 J.3 Concessional 0.4 O.S 0.8 0.6 0.7 0.8 1.0 I.3 Bilateral 0.3 0.0 0.0 0.0 0.1 0.0 0.0 0.0 Concessional 0.3 0.0 0.0 0.0 0.1 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 00 0.0 (J.O 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 (J.O 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 (J.O 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.4 0.8 0.6 0.6 0.7 0.9 0.9 112 COMOROS (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 Euro 14.1 13.5 13.3 13.0 12.4 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 17.0 27.5 32.2 34.2 37.6 40.3 40.7 40.4 Total amount rescheduled 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total change in debt stocks 11.1 11.9 0.6 10.5 27.5 17.6 15.7 -20.0 Net flows on debt 2.2 11.2 2.3 3.7 11.0 1.6 3.0 0.1 Cross-currency valuation 2.5 -3.4 -9.5 -3.3 9.7 13.6 6.6 -1l.8 ALL CREDITORS Interest (%) 2.0 0.9 0.0 0.8 0.0 0.0 0.8 0.0 Maturity (years) 29.8 37.7 0.0 39.6 0.0 0.0 39.8 0.0 Grace period (years) 10.3 10.4 0.0 10.1 0.0 0.0 10.3 0.0 Grant element (% ) 65.9 78.1 0.0 SO.4 0.0 0.0 80.7 0.0 Official creditors Interest (%) 2.0 0.9 0.0 0.8 0.0 0.0 0.8 0.0 Maturity (years) 29.8 37.7 0.0 39.6 0.0 0.0 39.S 0.0 Grace period (years) 10.3 10.4 0.0 10.1 0.0 0.0 10.3 0.0 Grant element (%) 65.9 78.1 0.0 80.4 0.0 0.0 80.7 0.0 Private creditors Interest (%j 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 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2006 2007 2008 2009 2010 TOTAL Principal 10.8 5.8 6.3 6.4 6.2 6.4 6.7 6.1 Inlerest 1.5 1.4 1.4 1.4 1.3 1.3 L2 1.2 Official creditors Principal 10.8 5.8 6.3 6.4 6.2 6.4 6.7 6.1 Interest 1.5 1.4 1.4 1.4 1.3 1.3 L2 1.2 Bilateral creditors Principal 1.7 1.5 1.5 1.5 L3 1.3 1.3 1.4 Interest 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 Multilateral creditors Principal 9.2 4.3 4.S 4.9 4.9 5.0 5.3 4.8 Interest 1.3 1.2 1.2 1.2 1.2 1.1 1.1 1.1 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: Il3 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless othenvise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (LDOD) 8,994 9,636 7,880 7,587 8,845 10,161 10,125 9,412 Public and publicly guaranteed 8,994 9,636 7,880 7,587 8,845 10,161 10,125 9,412 Official creditors 8,105 8,758 7,384 7,098 8,504 9,789 9,749 9,042 Multilateral 1,912 2,382 2,]64 2,065 2,446 2,796 3,098 3,050 Concessional 1,439 1,704 1,541 1,489 1,892 2,180 2,457 2,479 Bilateral 6,193 6,376 5,220 5,033 6,058 6,993 6,651 5,992 Concessional 1,737 1,859 1,598 1,525 4,299 4,965 4,535 4,122 Private creditors 889 878 496 488 341 372 376 370 of which: Bonds 5 5 3 3 2 2 I 1 Commercial banks 118 117 81 80 0 I 1 I Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: ffiRD 49 92 81 81 0 0 0 0 IDA 1,1l2 1,321 I, 188 1,151 1,504 1,771 1,993 2,050 Public sector LDOD 8,994 9,621 7,867 7,587 8,845 10,[61 10,125 9,412 Private sector LDOD 0 15 13 0 0 0 0 0 DISBURSEMENTS 315 0 0 0 415 190 211 249 Public and publicly guaranteed 315 0 0 0 415 190 211 249 Official creditors 312 0 0 0 415 161 211 249 Multilateral 222 0 0 0 410 160 2[1 249 Concessional 125 0 0 0 410 160 211 249 Bilateral 90 0 0 0 5 1 0 0 Concessional 88 0 () () 5 I 0 0 Private creditors 3 0 0 0 0 29 () 0 of which: Bonds 0 0 () 0 0 0 0 0 Commercial banks 0 0 0 0 0 I () 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds () () 0 0 0 0 () 0 Commercial banks and other 0 0 () () () 0 0 0 Memo: ffiRD 21 0 0 0 0 0 0 0 IDA 89 0 () 0 410 160 167 226 PRINCIPAL REPAYMENTS 49 0 0 0 248 56 67 112 Public and publicly guaranteed 49 0 0 0 248 56 67 112 Official creditors 34 0 () 0 248 55 63 110 Multilateral 28 0 0 0 248 17 11 11 Concessional 4 0 0 0 167 17 9 9 Bilateral 6 0 0 0 0 38 52 98 Concessional 4 0 0 0 () 4 19 31 Private creditors 15 0 0 0 0 1 4 2 of which: Bonds 0 0 () 0 (} 0 0 1 Commercial banks 5 0 0 (} 0 (} 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 (} 0 0 0 Memo: IBRD 5 0 0 0 82 (} (} (} IDA 2 0 0 (} 135 12 (} 0 INTEREST PAYMENTS (LINT) 88 0 0 0 164 85 69 97 Public and publicly guaranteed 88 0 0 0 164 85 69 97 Official creditors 76 0 0 (} 164 85 68 95 Multilateral 40 0 0 0 164 77 48 52 Concessional 9 0 (} 0 102 10 13 15 Bilateral 36 (} (} 0 0 8 20 43 Concessional 8 0 (} 0 (} 2 9 21 Private creditors 12 (} 0 (} 0 0 (} I of which: Bonds 0 0 0 (} (} 0 (} 0 Commercial banks 2 0 0 (} 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds () (} 0 (} 0 0 0 0 Commercial banks and other 0 0 0 () 0 0 0 0 Memo: ffiRD I 0 0 0 51 0 0 0 IDA 7 () 0 () 86 9 11 12 115 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2005 Euro 33.1 34.7 36.9 33.3 30.1 Japanese yen 3.0 3.7 4.8 4.3 7.6 7.5 7.8 7.3 Pound sterling 1.2 0.9 1.1 1.1 1.2 1.2 1.3 1.2 Swiss franc 0.2 0.3 0.2 0.2 0.4 0.4 0.3 0.3 U .S.dollars 41.5 40.8 44.6 45.8 43.2 41.7 43.1 46.0 7. OOBT USTRUCT1.IlUNGS Total amount rescheduled 446 0 0 0 4,810 79 49 34 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 259 0 0 0 2,220 61 49 24 Official 252 0 0 0 2,072 61 48 24 Private 7 0 0 0 149 1 1 0 Interest rescheduled 131 0 0 0 \,298 18 17 9 Official 129 0 0 0 1,247 17 17 9 Private 2 0 0 () 5J 0 () 0 Debt forgiven 9 () 0 () 2,086 76 97 65 Memo: interest forgiven 15 0 0 0 1.467 27 33 28 Debt stock reduction () () () () 0 0 0 0 of which debt 0 () () 0 0 0 () 0 8..DEB'rSTOCl{-FLOW RECONCILIATIDN Total change in debt stocks 1,007 918 -356 -173 -1,460 1.195 180 -834 Net flows on debt 88 61 20 2 244 -67 315 95 400 95 -373 -294 643 910 426 -817 ,. A~~;ETtRMSOFNEWCO~M~S. ALL CREDITORS Interest (% ) 5.9 2.5 0.0 0.0 4.5 0.9 0.8 0.1 Maturity (years) 23.8 19.9 0.0 0.0 29.4 40.3 41.3 41.1 Grace period (years) 6.4 4.4 0.0 0.0 7.5 9.6 10.0 2.1 Grant element (%) 30.6 48.7 n.n n.o 43.7 77.3 80.8 76.7 Official creditors Interest (% ) 5.9 2.5 n.o 0.0 4.5 0.8 n.8 n.I Maturity (years) 23.8 19.9 n.n n.o 29.4 43.5 41.3 41.1 Grace period (years) 6.4 4.4 0.0 0.0 7.5 10.3 10.0 2.1 Grant element (%) 30.6 48.7 n.o n.o 43.7 81.6 80.8 76.7 Private creditors Interest (%) 0.0 0.0 0.0 n.o 0.0 2.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 n.o ILl n.o 0.0 Grace period (years) 0.0 n.o o.n 0.0 0.0 2.9 0.0 o.n Grant element (%) 0.0 0.0 0.0 0.0 0.0 37.6 0.0 0.0 l~¢()~Ci:l'tJltt:~.:("lQAl'IO~ONOVrsT..um.lNQtfkO~~J)Q1'· 2006 2007 2008 2009 2010 2011 TOTAL Principal 423 387 378 388 200 209 220 237 Interest 236 222 209 195 183 176 169 161 Official creditors Principal 375 341 332 342 196 205 216 233 Interest 226 214 203 192 182 175 168 160 Bilateral creditors Principal 326 287 277 286 139 148 150 154 Interest 181 169 158 146 136 130 123 115 Multilateral creditors Principal 48 54 55 56 57 57 66 79 Interest 45 45 45 46 46 45 45 45 Private creditors Principal 49 46 46 46 4 4 4 4 Interest 10 8 6 3 1 1 I 1 Notes: Data on long-tel111 public and publicly guaranteed debt for 200S are partially provided by the country. Grants in 2003 include the debt forgiveness under the Paris Club rescheduling agreement signed in 2002. lJ6 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1995 2000 TOTAL DEBT STOCKS (EDT) 4,934 5,982 4,865 4,469 5,131 5,505 6,741 5,936 Long-term debt (LDOD) 4,187 4,942 3,744 3,618 3,961 4,413 5,609 5,161 Public and publicly guaranteed 4.187 4,942 3,744 3,618 3,961 4,413 5,609 5,161 Private nonguaranteed 0 0 0 0 0 () 0 0 Use of IMF credit 11 19 41 39 33 28 29 26 Short-term debt 736 1,022 1,080 813 1,137 1,065 1,103 748 of which interest arrears on LOaD 181 432 659 715 866 1,034 796 737 Official creditors 77 326 490 547 688 844 195 165 Private creditors 104 106 169 169 178 190 602 572 Memorandum items Principal arrears on LDOD 571 1,014 1,793 1,957 2,264 2,636 2,759 2,595 Official creditors 127 587 1,085 1,210 1,481 1,806 549 488 Pri vate creditors 443 427 708 747 783 829 2,209 2,107 TOTAL DEBT }<'LOWS Disbursements 318 15 14 38 2 24 39 59 L:mg-telm debt 312 15 0 38 2 24 27 48 IMF purchases 5 0 14 0 0 0 12 12 Principal repayments 362 84 S S6 18 31 106 76 Long-term debt 355 82 5 54 10 24 94 65 IMF repurchases 7 2 0 I 8 8 12 12 Net flows on debt 93 166 -52 -341 158 -247 209 -3D of which short-term debt 138 236 -61 -324 174 -240 276 -296 Interest payments (INT) 169 97 37 36 7 30 81 43 Long-ternl debt 120 61 7 26 3 28 79 35 IMF charges 1 1 1 I 1 0 0 0 Short-ternl debt 48 35 30 9 3 2 2 8 Net transfers on debt -75 69 -90 -378 151 -277 128 -356 Total debt service paid (TDS) 531 181 43 92 25 61 187 119 Long-term debt 475 142 12 80 13 51 173 99 IMF repurchases and charges 8 3 1 2 9 8 12 12 Short-term debt (interest only) 48 35 30 9 3 2 2 8 NET RESOURCE FLOWS -8 144 193 96 384 356 1 2,014 Net flow of long-term debt (ex. IMF) -43 -67 -5 -17 -8 0 -67 -17 Foreign direct investment (net) -14 125 166 77 331 323 -9 724 Portfolio equity flows 0 0 0 0 0 0 Grants (excluding technical coop.) Memo: technical coop, grants 50 51 86 41 32 19 35 19 61 25 33 32 ° 76 33 0 1.307 32 NET TRANSFERS -128 -243 -280 -299 -191 -59 -725 887 Interest on long-teffil debt 120 61 7 26 3 28 79 35 Profit remittances on FDI 0 326 466 369 572 388 647 1.093 Gross national income (GNI) 2.324 1,228 2,275 1,954 2,198 2,681 3,253 3,935 Exports of goods, serv, & inc, (XGS) 1,503 1,384 2,644 2,217 2,461 2,846 3,649 4,980 Worker remit. & compo of employees 0 4 10 12 I 13 15 11 Imports of goods & services (MGS) 1.757 2,050 2,013 2,228 2,484 2,303 2,947 4,054 International reserves (RES) 10 64 225 72 35 39 124 738 Current account balance -251 -625 648 -28 -34 520 674 903 EDT/XGS(%) 328.4 432.2 184,0 201.6 208,5 193.5 184,8 119.2 EDT I GNI (%) 212.3 487,1 213.8 228.8 233.4 205.3 207.2 150,8 TDS I XGS (%) 35.3 13.1 1.6 4.1 1.0 2.2 5,] 2,4 INT I XGS (%) 11.2 7,0 1,4 1.6 0.3 1.1 2,2 0,9 lNT I GNI (%) 7.3 7.9 1.6 1.9 0.3 Ll 2,5 L1 RES/EDT(%) 0.2 Ll 4.6 1.6 0.7 0.7 1.8 12.4 RES I MGS (months) 0.1 0.4 L3 0.4 0.2 0.2 0.5 2.2 Short-term I EDT (%) 14,9 17.1 22.2 18.2 22.2 19.3 16.4 12.6 Concessional I EDT (%) 35.1 33,0 33.7 36.2 34,9 37,0 38.5 40,8 Multilateral I EDT (%) 11.5 11.8 11.7 12.0 ILl 11.4 17.9 20.1 JJ7 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) DEBT OUTSTANDING (LDOD) 4,187 4,942 3,744 3,618 3,961 4,413 5,609 5,161 Public and publicly guaranteed 4,187 4,942 3,744 3,618 3,961 4,413 5,609 5,161 Official creditors 3,047 4,035 2,986 2,871 3,178 3.583 3,400 3,055 Multilateral 568 703 570 535 569 626 1,205 1,192 Concessional 151 261 223 250 266 312 947 958 Bilateral 2,479 3,332 2,416 2,336 2,609 2,957 2,195 1,863 Concessional 1,580 1,715 1,416 1,370 1,526 1,727 1,647 1,465 Private creditors 1,140 907 758 747 783 829 2,209 2,107 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 724 784 691 683 708 739 2,112 2,022 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 164 105 65 16 10 3 0 0 IDA 75 174 159 187 198 235 269 280 Public sector LDOD 4,187 4,942 3,744 3,618 3,961 4,413 5,609 5,161 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 312 15 0 38 2 24 27 48 Public and publicly guaranteed 312 15 0 38 2 24 27 48 Official creditors 127 15 0 38 2 24 27 48 Multilateral 11 I 0 38 2 24 27 45 Concessional I 0 0 38 2 24 27 45 Bilateral 116 14 0 0 0 0 0 3 Concessional Jl3 14 0 0 0 0 0 3 Pri vale creditors 185 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 174 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 I 0 0 0 0 0 0 IDA 0 0 0 38 2 24 27 35 PRINCIPAL REPAYMENTS 355 82 5 54 10 24 94 65 Public and publicly guaranteed 355 82 5 54 10 24 94 65 Official creditors 70 32 5 54 10 24 94 65 Multilateral 30 19 5 54 10 24 84 42 Concessional 2 1 I 5 3 4 6 7 Bilateral 40 13 0 0 0 0 10 23 COllcessional I 5 0 0 0 0 10 23 Private creditors 285 50 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 257 46 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 6 18 2 48 6 6 3 0 IDA 0 1 I 5 2 2 4 5 INTEREST PAYMENTS (LINT) 120 61 7 26 3 28 79 35 Public and publicly guaranteed 120 61 7 26 3 28 79 35 Offlcial creditors 68 20 7 26 3 28 79 35 Multilateral 30 11 7 26 3 23 75 31 COllcessional 1 I I 4 2 3 3 9 Bilateral 38 9 0 0 0 5 4 4 COllcessional 28 8 0 0 0 1 2 4 Private creditors 52 40 0 0 0 0 0 0 of which: Bonds 0 () 0 0 0 0 0 0 Commercial banks 44 39 0 0 0 0 0 0 Private nongnaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 () Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 12 10 22 I I 0 () IDA 1 I 4 2 2 2 2 Il8 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2003 2004 Euro 44.8 48.4 51.9 37.2 33.0 Japanese yen 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Pound sterling 5.7 4.9 6.6 6.6 6.7 6.6 5.2 5.7 Swiss franc 0.4 0.5 0.3 0.3 0.3 0.3 0.1 0.2 U.S.dollars 16.6 23.8 29.2 30.3 27.7 25.6 52.5 55.3 Total amount rescheduled 780 108 0 0 0 0 1,097 96 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 379 65 0 0 0 0 608 54 Official 96 60 0 0 0 0 608 54 Private 283 5 0 0 0 0 0 0 Interest rescheduled 368 42 0 0 0 0 298 16 Official 41 0 0 0 0 298 16 Ptivate 0 0 0 0 0 0 0 Debt forgiven 24 0 0 0 0 915 110 Memo: interest forgiven 0 a 0 0 0 435 32 Debt stock reduction 0 a 0 0 0 a 0 of which debt 0 a 0 0 a 0 0 Total change in debt stocks 589 -146 -396 662 375 1.236 -805 Net flows on debt 166 -52 -341 158 -247 209 -313 115 -163 -117 340 444 209 -331 ALL CREDITORS Interest (%) 5.1 2.2 0.0 0.8 0.8 0.8 0.8 4.2 Maturity (years) 15.7 31.8 0.0 39.8 39.4 39.6 42.4 23.7 Grace period (years) 6.8 9.0 0.0 10.3 9.9 10.1 lOA 7.2 Grant element (%) 32.0 63.7 0.0 80.7 80.2 80.4 81.4 42.6 Official creditors Interest (%) 4.3 2.2 0.0 0.8 0.8 0.8 0.8 4.2 Maturity (years) 16.9 31.8 0.0 39.8 39.4 39.6 4204 23.7 Grace period (years) 7.2 9.0 0.0 10.3 9.9 10.1 lOA 7.2 Grant element (%J 37.3 63.7 0.0 80.7 80.2 80.4 81.4 42.6 Private creditors Interest (% ) 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2006 2007 2008 2009 2010 2011 2012 TOTAL Ptincipal 192 122 126 128 53 90 95 101 Interest 64 59 65 58 52 50 47 45 Official creditors Principal 192 122 126 128 53 90 95 101 Interest 64 59 65 58 52 50 47 45 Bilateral creditors Principal 167 99 107 109 35 55 59 64 Interest 46 41 47 40 35 33 31 29 Multilateral creditors Principal 25 23 19 18 18 36 36 37 Interest 17 18 18 18 17 17 16 15 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 a 0 0 0 0 a a Notes: Commercial bank debt has been revised from 2004. Jl9 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 TOTAL DEBT STOCKS (EDT) 3,756 3,802 4,456 4,650 4,834 5,421 5,738 6,223 Long-term debt (LDOD) 3,367 3,348 3,500 3,489 3,335 3,795 4,057 4,118 Public and publicly guaranteed 3,063 3.133 3,264 3,273 3,139 3,620 3,779 3,470 Pri vate nonguaranteed 304 214 236 216 196 175 279 648 Use of IMF credit 11 24 0 0 0 0 0 0 Short-tern} debt 377 430 956 1,161 1,499 1,626 1,681 2,105 of which interest arrears on LDOD 77 32 20 20 16 16 II 10 Official creditors 76 28 17 16 16 16 10 10 Pri vate creditors 2 4 3 3 0 0 0 0 Memorandum items Principal arrears on LDOD 173 118 78 75 76 77 54 53 Official creditors 167 114 76 73 74 75 52 51 Pri vate creditors 6 3 2 2 2 2 2 2 TOTAL DEBT FLOWS Disbursements 206 211 508 444 171 945 635 412 Long-tenn debt 206 211 508 444 171 945 635 412 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 295 399 387 416 390 527 505 385 Long-tenn debt 269 355 387 416 390 527 505 385 IMF repurchases 26 44 0 0 0 0 0 0 Net flows on debt -108 -146 300 234 122 545 190 452 of which short-tenn debt -20 42 179 206 341 128 60 425 Interest payments (INT) 206 251 261 282 280 316 212 223 Long-tenn debt 171 224 205 239 239 254 146 129 IMF charges 3 3 0 0 0 0 0 0 Short-tenn debt 32 23 56 43 41 62 66 94 Net transfers on debt -315 -397 38 -48 -158 229 -21 229 Total debt service paid (TDS) 501 650 648 697 670 844 717 608 Long-tenn debt 440 580 592 654 629 782 651 514 IMF repurchases and charges 29 47 0 0 0 0 0 0 Short-term debt (interest only) 32 23 56 43 41 62 66 94 NET RESOURCE FLOWS 210 223 554 509 462 1,016 954 915 Net flow oflong-term debt (ex. IJ\,1F) -63 -144 121 28 -220 417 130 27 Foreign direct investment (net) 163 337 409 460 659 575 794 861 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop,) 110 30 25 21 22 24 30 26 Memo: technical coop. grants 73 77 23 41 29 29 29 29 NET TRANSFERS -21 -110 -791 -295 -125 118 479 616 Interest on long-term debt 171 224 205 239 239 254 146 129 Profit remittances on FDI 60 109 1,141 566 348 644 330 170 Gross national income (GNI) 7,151 11,497 14,697 15,719 16,236 16,800 17,779 19,401 Exports of goods, servo & inc. (XGS) 2,094 4,713 8,113 7,226 7.531 8,636 9,058 10,350 Worker remit. & compo of employees 12 123 136 198 250 321 319 421 Imports of goods & services (MGS) 2,709 5.089 8,793 7,795 8,329 9.419 9.764 11,179 International reserves (RES) 525 1,060 1,318 1,330 1,502 1,840 1,923 2,314 Current account balance -424 -358 -707 -603 -857 -880 -796 -959 EDT IXGS (%) 179.4 80,7 54,9 64.4 64,2 62,8 63.3 60.1 EDT I GNI(%) 52.5 33.1 30.3 29.6 29,8 32.3 32.3 32.1 TDS/XGS (%) 23.9 13.8 8.0 9.7 8.9 9.8 7.9 5.9 !NT I XGS (%) 9.9 5.3 3.2 3.9 3.7 3.7 2.3 2.2 !NT I GNI (%) 2.9 2,2 1.8 1.8 1.7 1.9 1.2 1.1 RES I EDT (%) 14,0 27.9 29.6 28.6 31.1 33.9 33.5 37.2 RES I MGS (months) 2.3 2.5 1.8 2.0 2.2 2.3 2.4 2.5 Short-term I EDT (%) 10.0 11.3 21.4 25.0 31.0 30.0 29.3 33.8 Concessionall EDT (%) 23,6 24.2 13.1 11.4 10,3 9.4 7,9 6.5 Multilateral I EDT (%) 30.4 35.6 29.1 27.8 26,0 27.0 24.8 18.8 120 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 2004 2005 DEBT OUTSTANDING (I.DOD) 3,367 3,348 3,500 3,489 3,335 3,795 4,057 4,118 Public and publicly guaranteed 3,063 3,133 3,264 3,273 3,139 3,620 3,779 3,470 Official creditors 2,359 2,492 1,909 L718 1,624 1,820 1,727 1,433 Multilateral 1,141 1,352 1,295 1,294 1,256 1,466 1,423 l,l67 Conccssional 246 199 182 187 197 214 199 181 Bilateral 1,218 1,139 615 424 368 354 304 266 Concessional 642 721 399 344 301 296 257 225 Private creditors 704 642 1,355 1,555 1,515 1,800 2,051 2,037 of which: Bonds 609 572 1,292 1,500 1,456 1,661 1,910 1,878 Commercial banks 41 33 36 28 34 116 120 138 Private nonguaranteed 304 214 236 216 196 175 279 648 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 304 214 236 216 196 175 279 648 Memo: lBRD 409 300 121 102 91 80 71 59 IDA 3 3 2 2 1 1 1 1 Public sector LDOD 3,059 3,131 3,263 3,272 3,138 3,619 3,779 3,470 Private sector LDOD 308 216 237 217 197 176 279 648 DISBURSEMENTS 206 211 508 444 171 945 635 412 Public and publicly guaranteed 201 201 499 444 171 945 511 122 Official creditors 170 190 249 194 155 379 185 71 Multilateral 89 172 130 181 145 358 185 65 Concessional 13 6 10 18 23 80 2 7 Bilateral 81 18 118 13 10 21 0 6 Concessional 76 12 10 13 10 4 0 6 Private creditors 31 11 250 250 15 565 326 51 of which: Bonds 0 0 250 250 0 450 310 0 Commercial banks 30 11 0 0 15 115 16 51 Private nonguaranteed 5 10 9 0 0 0 124 290 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 5 10 9 0 0 0 124 290 Memo: lBRD 5 16 6 8 12 7 8 5 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 269 355 387 416 390 527 505 385 Public and publicly guaranteed 263 331 370 396 370 507 484 364 Official creditors 92 321 328 342 315 225 202 298 Multilateral 79 176 149 151 234 155 167 270 Concessional 10 14 15 14 12 16 15 21 Bilateral 14 145 179 191 81 70 35 28 Concessional 3 44 61 57 68 43 25 23 Private creditors 171 10 42 54 55 282 282 65 of which: Bonds 42 4 30 42 44 246 261 32 Commercial banks 124 2 9 9 10 35 20 32 Private nonguaranteed 6 24 17 20 20 21 21 21 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 6 24 17 20 20 21 21 21 Memo: IBRD 45 55 33 27 23 18 17 17 IDA 0 0 0 0 0 0 0 0 I~lEREST PAYMENTS (LINT) 171 224 205 239 239 254 146 129 Public and publicly guaranteed 169 204 189 224 226 244 136 120 Official creditors 104 162 102 100 95 88 68 63 Multilateral 77 95 82 83 83 77 62 57 Concessional 5 5 3 3 5 6 5 4 Bilateral 27 67 20 17 12 II 6 5 Concessional 9 30 14 12 11 10 6 5 Private creditors 65 42 87 124 131 156 68 57 of which: Bonds 24 37 80 116 123 147 62 53 Commercial banks 36 0 4 4 5 4 5 4 Private nonguaranteed 2 21 16 14 12 11 10 9 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 2 21 16 14 12 11 10 9 Memo: IBRD 33 27 12 10 8 6 4 3 IDA 0 0 0 0 0 0 0 0 121 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 2001 2002 2003 cO~~tiiONijl?PtiBLtt: AND'uBtIC~tGU~EDD~nT(pEae~ . Euro 1.5 1.7 1.6 1.5 1.3 Japanese yen 3.0 8.1 4.5 3.7 3.8 3.4 3.0 2.7 Pound sterling 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 58.2 49.4 67.6 71A 69.9 72.6 74.1 79.0 7. Dl!;BT ltESTllVeTURlN,GS Total amount rescheduled 641 0 0 0 0 0 0 I Debt stock rescheduled 469 0 () 0 0 0 0 () Principal rescheduled 20 0 0 0 () 0 () 0 Official 19 0 () 0 0 0 0 0 Private () () () 0 0 0 0 () In terest resc heduled 151 0 0 () 0 0 0 0 Official 10 0 0 0 () 0 () 0 Private 141 () 0 0 0 () 0 () Debt forgiven () 3 () 0 0 0 0 0 Memo: interest forgiven 187 () 0 0 0 () 0 0 Debt stock reduction 668 0 () 0 0 0 () 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW·tmcONCILl".TlQN " Total change in debt stocks -834 -107 240 194 184 588 317 485 Net flows on debt -108 -146 300 234 122 545 19() 452 Cross-currency valuation 52 24 -29 -63 57 66 29 -38 ,. AVJi:RAGE TERMS OFNEWCOMM,tTM£Nts ALL CREDITORS Interest (%) 6.9 2.6 7.9 7.2 5.6 6.3 6.4 4.1 Maturity (years) 15.4 7.2 11.3 12.0 22.2 9.4 8.7 22.1 Grace period (years) 4.4 1.2 9.9 6,1 2.1 5.0 7.8 5.0 Grant element (%) 18.2 16.8 3.5 14.0 26.8 14.6 [8.6 40.0 Official creditors Interest (%) 6.4 2.2 6.3 5.9 5.5 5.6 6.3 4.1 Maturity (years) 17.6 7.3 4.3 17.2 26.6 12.5 5.7 22.1 Grace period (years) 5.0 1.2 1.8 2.0 2.1 2.9 2.7 5.0 Grant element (%) 21.1 17.4 6.2 22.5 30.2 17.7 11.4 40.0 Private creditors Interest (%) 9.5 6.9 10.0 7.7 5.9 6.7 6.5 0.0 Maturity (years) 3.2 6.0 20.4 10.3 12.3 7.8 10.1 0.0 Grace period (years) 1.1 1.5 20A 7A 2.3 6.1 10.1 0.0 Grant element (%) 2.2 8.6 0.0 ILl 19.1 13.0 21.9 0.0 {:'::~0r:'j'- ,_n ·;· ...··l,q.~lN)'.~~t\J.OBUG-ATlQN$·()N~ANl»NGLQN~~DJ!:IJT .· 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL Principal 422 409 547 658 307 531 151 596 Interest 243 232 214 183 158 139 119 93 Official creditors Principal 256 245 186 197 158 144 134 130 Interest 70 63 57 51 45 40 34 28 Bilateral creditors Principal 37 33 31 30 28 22 16 16 Interest 7 6 5 4 3 3 2 1 Multilateral creditors Principal 219 212 155 167 130 122 118 114 Interest 64 57 52 47 42 37 32 26 Private creditors Principal 166 164 361 461 149 387 17 467 Interest 172 169 157 131 113 99 85 65 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. 122 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1995 2000 2001 1,s~ttr':QJtJJ;tJ).:tA:;··· TOTAL DEBT STOCKS (EDT) 17,251 18,899 12,138 11,618 11,791 12,187 11,739 10,735 Long·term debt (LDOD) 13.223 14,562 10,546 9,975 10,369 10,844 10,837 9,854 Public and publicly guaranteed 10,665 11.902 9,063 8,603 9,110 9,700 9,828 9,007 Pri vate non guaranteed 2.558 2,660 1,482 1,372 1,259 LI44 1.010 847 Use of IMF credit 431 427 549 464 491 425 311 198 Short·term debt 3,597 3,910 1,043 1,179 932 917 591 683 of which interest arrears on LDOD 819 1,020 79 376 267 359 483 683 Official creditors 66 34 70 216 60 115 198 344 Private creditors 753 986 8 160 207 245 285 339 Memorandum items Principal arrears on LDOD 1,727 2,686 169 466 284 375 633 866 Official creditors 16 32 125 375 179 222 434 668 Private creditors 1.710 2,655 44 91 105 152 200 198 TOTAL DEBT FLOWS Disbursements 1,172 924 148 12 299 57 40 1 Long-tenn debt 1.019 743 J48 12 223 57 40 1 lMF purchases Principal repayments Long-tenn debt 153 621 498 18J 625 539 0 481 442 369 302 ° 76 522 436 430 325 ° ° 443 316 ° 374 283 lMF repurchases 123 86 39 67 86 105 127 91 Net flows on debt 1,189 935 ·617 ·518 ·362 -480 ·853 481 of which short-tenn debt 639 636 -283 -161 -139 -106 -450 -108 Interest payments (lNT) 641 421 539 252 309 142 100 90 Long-tenn debt 443 390 462 215 280 121 88 86 IMFcharges 31 8 3 3 3 2 2 1 Short-term debt 167 23 74 34 26 18 10 3 Net transfers on debt 548 514 .1,156 ·770 ·671 -622 -953 ·571 Total debt service paid (TDS) 1,262 1,046 1.020 621 831 572 543 464 Long-tenn debt 941 929 904 518 716 447 404 369 lMF repurchases and charges 155 94 42 69 89 107 129 92 Short-telm debt (interest only) 167 23 74 34 26 18 10 3 . .·ii" ->.__ : _". ° f__ >_ t,-<- ,C" -._._, A'>___ .': '_A> - '._ '- ___ '':-. ,< - _ --;._'-'_".' '; -'", "' - ,'.,-, <,_,--._. ,'.,,'> -:', .>',.'.-'.< ,".>-- NET RESOURCE FLOWS 856 871 180 200 676 197 218 181 Net flow of long-telm debt (ex, lMF) 521 204 -294 -291 -213 -269 -276 -282 Foreign direct investment (net) 48 211 235 273 213 165 283 266 Portfolio equity flows 0 1 I 2 4 16 -5 35 Grants (excluding technical coop.) 287 454 238 216 673 284 216 162 Memo: technical coop. grants 129 123 72 69 77 76 78 77 NET TRANSl"ERS 338 278 -566 -285 113 ·259 ·234 95 Interest on long-tenn debt 443 390 462 215 280 121 88 86