74468 International Debt Statistics 2013 International Debt Statistics 2013 © 2013 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved 1 2 3 4 15 14 13 12 This work is a product of the staff of The World Bank with external contributions. Note that The World Bank does not necessarily own each component of the content included in the work. The World Bank therefore does not warrant that the use of the content contained in the work will not infringe on the rights of third parties. The risk of claims resulting from such infringement rests solely with you. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. 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License: Creative Commons Attribution CC BY 3.0 Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. The World Bank shall not be liable for any content or error in this translation. All queries on rights and licenses should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. ISBN (paper): 978-0-8213-9787-9 ISBN (electronic): 978-0-8213-9788-6 DOI: 10.1596/978-0-8213-9787-9 Table of Contents Preface vii Bolivia, Plurinational State of 76 Bosnia and Herzegovina 78 Acknowledgments ix Botswana 80 Overview 1 Brazil 82 I. Developing Countries’ Debt Stocks Bulgaria 84 and Flows, 2011 2 Burkina Faso 86 II. Recent Trends in Official and Private Burundi 88 Debt Flows to Developing Countries 5 Cambodia 90 III. The Rapid Growth in Private Cameroon 92 Sector External Debt 8 Cape Verde 94 IV. External Debt Burden of Developing Central African Republic 96 Countries—Selected Indicators 9 Chad 98 V. Aggregate Net Capital Flows to Chile 100 Developing Regions 10 China 102 VI. Global Trends in External Debt and Colombia 104 Public Sector Debt 13 Comoros 106 Annex A: World Bank External and Congo, Democratic Republic of 108 Public Debt Data 15 Congo, Republic of 110 Annex B: Trends in IBRD and IDA Costa Rica 112 Financing to Developing Countries, 2011 16 Côte d’Ivoire 114 Djibouti 116 Summary Tables 19 Dominica 118 Regional and Income Group Dominican Republic 120 Aggregate Tables 31 Ecuador 122 Egypt, Arab Republic of 124 Country Tables 51 El Salvador 126 Afghanistan 52 Eritrea 128 Albania 54 Ethiopia 130 Algeria 56 Fiji 132 Angola 58 Gabon 134 Argentina 60 Gambia, The 136 Armenia 62 Georgia 138 Azerbaijan 64 Ghana 140 Bangladesh 66 Grenada 142 Belarus 68 Guatemala 144 Belize 70 Guinea 146 Benin 72 Guinea-Bissau 148 Bhutan 74 Guyana 150 v I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Haiti 152 Rwanda 240 Honduras 154 Samoa 242 India 156 São Tomé and Príncipe 244 Indonesia 158 Senegal 246 Iran, Islamic Republic of 160 Serbia 248 Jamaica 162 Seychelles 250 Jordan 164 Sierra Leone 252 Kazakhstan 166 Solomon Islands 254 Kenya 168 Somalia 256 Kosovo 170 South Africa 258 Kyrgyz Republic 172 Sri Lanka 260 Lao People’s Democratic Republic 174 St. Lucia 262 Latvia 176 St. Vincent and the Grenadines 264 Lebanon 178 Sudan 266 Lesotho 180 Swaziland 268 Liberia 182 Syrian Arab Republic 270 Lithuania 184 Tajikistan 272 Macedonia, Former Yugoslav Tanzania 274 Republic of 186 Thailand 276 Madagascar 188 Togo 278 Malawi 190 Tonga 280 Malaysia 192 Tunisia 282 Maldives 194 Turkey 284 Mali 196 Turkmenistan 286 Mauritania 198 Uganda 288 Mauritius 200 Ukraine 290 Mexico 202 Uruguay 292 Moldova 204 Uzbekistan 294 Mongolia 206 Vanuatu 296 Montenegro 208 Venezuela, República Bolivariana de 298 Morocco 210 Vietnam 300 Mozambique 212 Yemen, Republic of 302 Myanmar 214 Zambia 304 Nepal 216 Zimbabwe 306 Nicaragua 218 Niger 220 About the Data 309 Nigeria 222 Data Sources 309 Pakistan 224 Methodology 310 Panama 226 External Debt and Its Components 312 Papua New Guinea 228 Sources of the Macroeconomic Indicators 315 Paraguay 230 Country Groups 317 Peru 232 Philippines 234 Glossary 319 Romania 236 Russian Federation 238 Users’ Guide 323 vi Preface T he World Bank’s Debtor Reporting System (DRS), from which the aggregates and coun- try tables presented in this report are drawn, was Steps are continuously being taken to ensure that the data captured by the DRS mirror these developments and respond to the needs of debt established in 1951. The debt crisis of the 1980s managers and analysts. In this context, reporting brought increased attention to debt statistics requirements are periodically amended to reflect and to the World Debt Tables, the predecessor changes in borrowing patterns. Many developing to International Debt Statistics (IDS). Now the countries increasingly rely on financing raised in global financial crisis has once again heightened domestic markets, so we are exploring ways to awareness in developing countries of the impor- expand the coverage of public sector borrowing tance of managing their external obligations. in domestic markets. At the same time, we are Central to this process is the measurement and mindful that expanded coverage and efforts to monitoring of external debt stocks and flows enhance data accuracy and timeliness must be in a coordinated and comprehensive way. The balanced against the reporting burden imposed initial objective of the DRS was to support the on developing countries. In partnership with the World Bank’s assessment of the creditworthiness major providers of debt data management systems of its borrowers. It has since grown as a tool to to developing countries, the Commonwealth Sec- inform developing countries and the international retariat (COMSEC) and the United Nations Con- community of trends in external financing and ference on Trade and Development (UNCTAD), as a standard for the concepts and definitions on we are working toward established standard code which countries can base their own debt manage- and system links that enable countries to provide ment systems. their DRS reports electronically, in a seamless and Over the years, the external financing options automated data exchange process. available to developing countries have evolved and We recognize that robust debt data and good expanded, and so too has the demand for timely debt management go hand in hand, and the World and relevant data to measure the activity of public- Bank, together with its partners, is committed to and private-sector borrowers and creditors. Recur- improving the capacity of developing countries rent debt crises caused by adverse global economic to manage their debt. We are also committed to conditions or poor economic management have maintaining the DRS as a rich source of informa- demanded solutions, including debt restructur- tion and welcome your comments and suggestions ing and, in the case of the poorest, most highly to ensure that it meets your needs. indebted countries, outright debt forgiveness, formulated on the basis of detailed and robust Shaida Badiee information on external obligations. Director, Development Data Group vii Acknowledgments T his volume was prepared by the Financial Data Team of the Development Data Group (DECDG), led by Ibrahim Levent under the DECDG; country economists reviewed the data tables. The work was carried out under the man- agement of Shaida Badiee. Valuable advice was supervision of Neil James Fantom, and com- provided by Operations and Strategy unit of the prising Nanasamudd Chhim, Wendy Huang, Vice Presidency. Hiroko Maeda, Evis Rucaj, Rubena Sukaj, Sun The production of this volume was managed Hwa Song, Maryna Taran, Rasiel Vellos, and by Azita Amjadi and Alison Kwong. The online Alagiriswamy Venkatesan, working closely with database was prepared by Shelley Fu and William other teams in the Development Economics Vice Prince, with technical support from Ramgopal Presidency’s Development Data Group. The team Erabelly and Malarvizhi Veerappan. The cover was assisted by Elysee Kiti. The system support was designed by Jomo Tariku. Staff members from team was led by Abdolreza Farivari. The over- External Affairs, Office of the Publisher, coordi- view of current developments was prepared by nated the publication and dissemination of the Malvina Pollock in consultation with the staff of book. ix . Overview I nternational Debt Statistics(IDS) presents data and analysis information on the external debt of developing countries for 2011, based on actual worldbank.org/qeds and www.worldbank.org/ qpsd, respectively. The main messages from the 2011 data are: flows and debt related transactions reported to the World Bank Debtor Reporting System (DRS) (a) Net debt inflows to developing countries were by 128 developing countries. It replaces Global $465 billion, 9 percent lower than the com- Development Finance, which has been discontin- parable figure for 2010. This outcome was ued, and provides users with comprehensive stock much better than many analysts had predicted and flow data on the external debt of individual given the incipient recovery in the global developing countries and for regional and analyti- economy in 2011 and the fallout from the cal groupings. As a service to users International Euro-zone crisis. The fall in net debt inflows Debt Statistics also set debt flows within the was due entirely to a drop in inflows from broader framework of aggregate net capital flows official creditors, $30 billion as compared to (debt and equity) to developing countries and $73 billion in 2010. Net inflows from private includes a summary analysis of trends in 2011. creditors, at 435 billion were almost identical An important new objective of International to those in 2010 but with an important shift Debt Statistics is also to showcase the broader in composition: net short-term debt inflows spectrum of debt data collected and compiled contracted by 27 percent, while medium term by the World Bank. These include the joint financing from commercial banks tripled to World Bank-IMF Quarterly External Debt Sta- $110 billion. tistics (QEDS) and the Public Sector Debt (PSD) (b) Aggregate net capital flows, debt and equity database launched in 2010. QEDS provide high combined fell to $1,107 billion in 2011, again frequency, quarterly data through mid-2012 for 9 percent lower than 2010 and below their 111 high income and developing countries, disag- 2007 pre-crisis peak. Measured in relation gregated by debtor type, maturity and borrowing to developing country gross national income instrument. The PSD database, to which 65 coun- (GNI), the decline in net capital flows was tries already report, also encompasses both high more striking: from 6.2 percent of GNI in income and developing countries and provides 2010 to 4.9 percent in 2011 and well short of quarterly information on the total debt (external the 8.5 percent recorded in 2007. The down- and domestic) of the general government, disag- turn was driven primarily by the collapse gregated by creditor type, maturity, currency and of portfolio equity flows, which plummeted borrowing instrument (see annex A for a more to −$2 billion, compared to a net inflow of detailed description of QEDS and PSD). In com- $120 billion in 2010. In contrast, foreign mon with the DRS, information in the QEDS direct investment continued its upward trajec- and PSD databases are fully accessible under tory, rising by 11 percent in 2011 to a record the World Bank Open Data Initiative at www. high of $644 billion. 1 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 (c) China is by far the largest recipient of net I. Developing Countries’ Debt Stocks capital flows among developing countries, and Flows, 2011 T accounting for 27 percent of net debt and he combined stock of developing countries’ 35 percent of net equity flows in 2011, and external debt rose from $4.4 trillion in 2010 dominates the direction of these flows to to $4.9 trillion at the end of 2011, reflecting net developing countries. When China is excluded, debt inflows of $464 billion, the upward effect the decline in net debt and net capital flows to of the year on year appreciation, vis-à-vis the developing countries in 2011 changes from U.S. dollar, of foreign currencies in which around 9 percent to 13 percent (net debt) and 3 percent one-third of developing countries external debt (net capital flows), respectively. is denominated, and debt forgiveness amount- (d) Countries reporting to the QEDS and PSD ing to $4 billion. Short-term debt was the fastest databases confirm that external debt and growing component, rising by 18 percent in 2011 public debt levels are, on average, much lower as compared to a 9 percent increase in the stock in developing countries than in high income of outstanding long term external debt. Most countries. The ratio of external debt to GNI short-term debt was trade related and, measured in developing countries averaged 22 percent against developing countries’ imports, decreased in 2011 compared to 124 percent in G7 slightly, to 17 percent compared to 18 percent in countries. Similarly, the general government 2010. The stock of long term debt at end 2011 debt of the Euro-zone (17) countries averaged was fairly evenly divided between publicly guar- 76 percent of gross domestic product (GDP) anteed debt, 51 percent, and debt owed to private in 2011, more than twice the comparable ratio nonguaranteed borrowers, 49 percent, although for the largest borrowers among developing the latter rose twice as fast as the former in 2011, countries. 12 percent as compared to 6 percent. This was a complete turnaround from 2010 when long term The remainder of the Overview is organized as public and publicly guaranteed debt rose at a rate follows. Section I analyzes the key factors driv- twice that of private nonguaranteed debt. Devel- ing the evolution of developing countries’ debt oping countries’ debt stock remained moderate, stocks and flows in 2011. Section II describes an average of 22 percent of GNI and 69 percent recent trends in external debt flows to develop- of export earnings and risks associated with the ing countries, including the financing pattern of fact that short-term debt constituted 26 percent of different categories of creditors and the concen- debt stock at end 2011 were mitigated by interna- tration of flows in specific countries and country tional reserves. The global economic crisis forced groups. Section III examines the remarkable some developing countries to draw down interna- growth of private nonguaranteed debt over the tional reserves but, in aggregate, developing coun- course of the decade and the parallel diversifi- tries recorded an accumulation of international cation of borrowing instruments available to reserves since the onset of the crisis: equivalent developing countries’ private sector borrowers. to 121 percent of external debt stock at end 2011 Section IV assesses the level of developing coun- (table I.1). tries’ external debt, measured in relation to key Net debt flows in 2011 were characterized by macroeconomic variables, notably GNI and a sharp fall in net inflows from official creditors, export earnings. Section V summarizes trends in resilience in those from private creditors, and an aggregate net capital flows, debt and equity, to improvement in maturity structure, with a marked developing countries in 2011. Section VI distills shift in lending by commercial banks and other the main messages for 2011 and the first half of financial institutions from short to long term debt. 2012 from the information reported to QEDS Overall net debt flows fell 8.6 percent in 2011 to and PSD databases for developing and high $465 billion ($508 billion in 2010), but remained income countries. Annex A provides users with a above their pre-crisis level. The decline was driven short overview of the coverage and content of the entirely by the fall in net inflows from official QEDS and PSD databases and annex B summa- creditors, which dropped to $30 billion, well rizes trends in lending by the World Bank (IBRD below half the previous year’s level ($73 billion). and IDA) in 2011. In contrast net debt inflows from private creditors, 2 O V E R V I E W Table I.1 External Debt Stock of Developing Countries and Selected Ratios, 2005–2011 $ billions 2005 2006 2007 2008 2009 2010 2011 Total External Debt Outstanding 2,577 2,802 3,422 3,678 3,923 4,412 4,876 Long-term (including IMF) 1,993 2,150 2,570 2,834 2,964 3,192 3,469 Public and publicly guaranteed (including IMF) 1,308 1,294 1,395 1,443 1,580 1,674 1,773 Private nonguaranteed 685 856 1,175 1,391 1,385 1,518 1,696 Short-term external debt 512 607 811 793 810 1,062 1,249 Ratios External debt outstanding to GNI (%) 27.4 25.0 24.6 22.1 24.1 22.7 21.5 External debt stocks to exports (%) 80.8 71.8 71.9 63.9 85.0 76.3 69.3 Reserves to external debt outstanding (%) 74.5 90.9 105.6 110.4 119.7 122.3 120.8 Short-term debt to imports (%) 16.2 16.2 17.5 13.9 17.3 17.9 17.2 Sources: World Bank Debtor Reporting System and International Monetary Fund. Note: GNI = gross national income; IMF = International Monetary Fund. Table I.2. Net Debt Flows to Developing Countries, 2001–2011 $ billions 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Net debt flows 51.2 8.6 81.0 120.5 138.8 200.0 487.8 229.2 159.6 508.2 464.5 Official creditors 30.9 6.8 –11.9 –24.3 –64.3 –68.9 1.6 30.4 81.0 73.2 30.0 Bilateral –3.6 –8.2 –13.6 –12.1 –31.6 –45.8 –10.6 –1.2 7.1 12.8 5.8 Multilateral 34.5 15.0 1.7 –12.2 –32.6 –23.1 12.2 31.7 73.9 60.4 24.1 World Bank 7.4 –0.5 –2.6 2.4 2.6 –0.3 5.2 7.2 18.3 22.4 6.6 IMF 19.5 14.2 2.4 –14.7 –40.2 –26.7 –5.1 10.8 26.8 13.8 0.5 Other multilateral 7.6 1.3 1.9 0.2 4.9 3.9 12.2 13.6 28.8 24.1 17.0 Private creditors 20.3 1.7 92.9 144.8 203.1 269.0 486.3 198.8 78.7 435.1 434.6 Net medium and long term debt flows 0.1 –1.0 38.2 86.1 118.0 171.1 284.8 216.0 60.9 177.6 245.3 Public and publicly guaranteed 3.3 3.8 1.5 40.8 33.3 17.7 50.8 6.2 40.8 85.5 71.4 Bonds 18.9 16.4 17.5 35.5 19.8 1.1 24.1 9.5 39.0 68.9 59.5 Banks and other private –15.6 –12.6 –15.9 5.3 13.5 16.6 26.7 –3.2 1.8 16.5 11.9 Private nonguaranteed –3.2 –4.8 36.7 45.3 84.7 153.4 234.0 209.7 20.1 92.1 173.9 Bonds 0.2 –2.4 1.3 2.1 25.5 32.4 42.8 –18.1 22.1 60.7 64.3 Banks and other private –3.5 –2.4 35.4 43.2 59.2 121.0 191.2 227.8 –1.9 31.3 109.6 Net short-term debt flows 20.3 2.8 54.7 58.6 85.1 97.9 201.4 –17.1 17.8 257.6 189.3 Source: World Bank Debtor Reporting System. Note: IMF = International Monetary Fund. $435 billion, were almost identical to their 2010 private sector borrowers (table I.2). Overall net level but with an important change in composition. debt flows fell less sharply than anticipated in Short-term inflows remained dominant, account- 2011 given the incipient recovery in the global ing for 44 percent of net debt inflows from private economy and the turmoil in the Euro-zone. How- creditors, but fell 27 percent in 2011 to $189 bil- ever, China, the single largest borrower among lion. This decline, and a 28 percent fall in medium developing countries, drove the global trend. When inflows from commercial banks to public sector China is excluded, net debt flows to developing borrowers, was offset by a more than tripling of countries falls to 13 percent in 2011, as compared medium term inflows from commercial banks to to their 2010 level. 3 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Viewed from the borrower perspective, trends emerging economies, namely those with the larg- in net debt inflows differed sharply in 2011. Those est external debt stock at end 2011, referred to to private sector borrowers proved resilient and hereafter as the top 10 borrowers. From 2005 to increased, albeit by a moderate 4 percent, in 2011 2011 the top 10 borrowers commanded between to $363 billion. In contrast net inflows to public 56 and 65 percent of annual net debt inflows to and publicly guaranteed borrowers plummeted by developing countries. Net debt inflows to the 36 percent to $101 billion (figure I.1). In parallel, top 10 borrowers fell by an average of 2 percent public and publicly guaranteed borrowers’ share of in 2011 from 2010 to $3.2 billion compared to net debt inflows fell to 22 percent, from 31 percent a 14 percent fall for other developing countries in 2010 and 76 percent in 2009. combined. There was a wide disparity in trend The external debt of developing countries among the top 10 borrowers in 2011 ranging is heavily concentrated in 10 middle-income from a 29 percent increase in net inflows to India as compared to a 67 percent decline in those to Figure I.1. Net Debt Inflows by Borrower Type Turkey. China recorded a relatively moderate, $ billions 10 percent increase in net inflows in 2011 but its 500 share of developing countries’ net debt inflows 400 remained dominant, 27 percent in 2011 up from 24 percent in 2010, and dictated the global trend. 300 When China is excluded, net debt inflows to 200 developing countries are shown to have fallen 100 10 percent in 2011. The BRICs (Brazil, the Rus- 0 sian Federation, India, and China) accounted –100 for 55 percent of net debt inflows to developing countries in 2011, unchanged from 2010. 00 01 02 03 04 05 06 07 08 09 10 11 Together the BRICs accounted for 40 percent, 20 20 20 20 20 20 20 20 20 20 20 20 Private sector nonguaranteed borrowers and the top 10 borrowers for 65 percent of the Public and publicly guaranteed borrowers end 2011 external debt stock owed by all devel- oping countries (table I.3). Source: World Bank Debtor Reporting System. Table I.3. Top 10 Borrowers-External Debt Stock 2011, and Net Inflows, 2010–2011 $ billions External debt stock end 2011 Net inflow 2010 Net inflow 2011 % change in net % of total net Country Amount % of total Amount Amount inflow 2011 flow 2011 China 685.4 14.1 115.2 127.1 10.3 27.4 Russian Federation 543.0 11.1 31.1 32.8 5.5 7.1 Brazil 404.3 8.3 70.8 51.9 –26.7 11.2 Turkey 307.0 6.3 21.9 7.1 –67.3 1.5 India 334.3 6.9 34.1 44.0 28.9 9.5 Mexico 287.0 5.9 43.9 43.2 –1.5 9.3 Indonesia 213.5 4.4 15.8 18.4 16.4 4.0 Ukraine 134.5 2.8 16.7 18.5 10.2 4.0 Romania 129.8 2.7 4.3 5.5 28.1 1.2 Kazakhstan 124.4 2.6 7.2 5.2 –26.8 1.1 Total top 10 borrowers 3,163.4 64.9 360.9 353.7 –2.0 76.2 Other developing countries 1,712.7 35.1 128.7 110.2 –14.4 23.8 All developing countries 4,876.0 100.0 489.6 463.8 –5.3 100.0 Source: World Bank Debtor Reporting System. 4 O V E R V I E W II. Recent Trends in Official and 2011. Net inflows to the former were down 30 Private Debt Flows to Developing percent from their 2010 level, while those to the Countries latter plunged to $2 billion ($18 billion in 2010) I n the wake of the global economic and financial (figure II.1). crisis that erupted in 2008, debt flows from pri- Gross inflows from multilateral institutions, vate creditors to developing countries contracted (defined as IMF purchases and disbursements on sharply while those from official creditors rose as loans from multilateral creditors) increased by 121 multilateral creditors, in particular the International percent between 2007 and 2009. The dominant Monetary Fund (IMF) and the World Bank, stepped factor behind this rapid rise was member countries’ in with emergency financing for countries most purchases from the IMF, which increased fourteen- impacted by the crisis. In 2009, net debt inflows fold in this period, and the 76 percent rise in dis- from official creditors exceeded those from private bursements from IBRD and IDA. However, this creditors for the first time since 2002. However, trend reversed in 2010 when disbursements from these financing patterns have proved to be short- multilateral creditors dropped by 12 percent, and lived and the economic rebound in most developing countries since 2010 has led to a strong resumption Figure II.1. Net Inflow from Multilateral Creditors, of inflows from private creditors and parallel con- 2008–2011 traction in financing from official creditors. $ billions Net debt inflows from official creditors in 35 the form of concessional and non-concessional 30 loans fell almost 60 percent in 2011 to $30 billion primarily as a consequence of the virtual cessation 25 of a net inflow of IMF financing to developing 20 countries and the collapse in net inflows from IBRD 15 which dropped to $2.1 billion from $17.1 billion in 10 2010 (see annex B for detailed information on lend- ing by the World Bank (IBRD and IDA) in 2011). 5 Net inflows from bilateral creditors were also down 0 to less than half of their 2010 level (Table II.1). ci d As tral be d ric d ia ric n Pa an ib an Af an Af ara As fic ia an So a a en Countries in Europe and Central Asia, and e a ar a th t h or as h th Asi C C ic Sa ut e er N E d b- Latin America and the Caribbean, who together an th Am st e Su dl Ea pe id tin M received around two-thirds of the $103 billion ro La Eu 2008 2009 2010 20011 in net debt inflows from multilateral creditors in 2008-2010, bore the brunt of the downturn in Source: World Bank Debtor Reporting System. Table II.1. Net Official Loan Financing to Developing Countries, 2005–2011 $ billions 2005 2006 2007 2008 2009 2010 2011 Total Official Creditors –64.3 –68.9 1.6 30.4 81.0 73.2 30.0 Bilateral –31.6 –45.8 –10.6 –1.2 7.1 12.8 5.8 Multilateral –32.6 –23.1 12.2 31.7 73.9 60.4 24.1 Of which: IBRD –2.9 –5.3 –0.4 2.7 11.8 17.1 2.1 IDA 5.6 5.0 5.5 4.6 6.5 5.3 4.5 IMF –40.2 –26.7 –5.1 10.8 26.8 13.8 0.5 Memorandum item: IDA grants 1.2 1.2 1.9 2.1 2.5 2.2 2.4 Source: World Bank Debtor Reporting System. Note: IBRD = International Bank for Reconstruction and Development; IDA = International Development Association; IMF = International Monetary Fund. 5 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 the downward trajectory accelerated in 2011 when and other financial institutions. These were charac- they fell a further 26 percent, driven by a 74 percent terized by a strong return of medium term financ- fall in IMF purchases by developing countries and a ing, which rose to $122 billion from $48 billion in 34 percent drop in disbursements from IBRD. 2010. In parallel, the net inflow of short-term debt There was also a decline in gross inflows from fell 27 percent to $189 billion (figure II.3) bilateral creditors. These fell 14 percent in 2011 Private sector borrowers were the beneficiary to $31 billion but remained at close to double of the recovery in long term financing from banks their pre-crisis level and accounted for just over and other financial institutions, much of it export a third of 2011 gross flows from official credi- or project related and often underwritten by a tors (figure II.2). Intra-developing country lend- guarantee from an export credit agency or mul- ing, or so-called South-South flows, continued tilateral institution. They saw net inflows more to be an increasingly important element in flows than triple in 2011 to $110 billion fueled by a from bilateral creditors, and new commitments, 30 percent rise in gross disbursements in 2011 and a leading indicator of the level and trajectory of only a very small 4 percent increase in principal future disbursements, point to a continuation repayments since much of the pre-crisis borrow- of this trend. In 2011, bilateral creditors signed ing has already been fully repaid. Over 80 percent new loan agreements totaling approximately $53 of these flows went to countries in Latin America billion, almost the same amount as in 2010, of and the Caribbean, and Europe and Central Asia. which China and Russia combined accounted for Comparable inflows to public sector borrowers two thirds. Loans from these two creditors are for fell almost 30 percent to $12 billion, primarily financing of large infrastructure projects, princi- largely as a result of decline in gross disburse- pally in the power and transport sector. ments. (figure II.4). Short-term debt inflows remained the single The Resilience of Lending by Private Creditors most important component of financing from pri- Net debt inflows from private creditors in 2011 vate creditors to developing countries, accounting were $435 billion, almost identical to those in for 44 percent of net debt inflows from private 2010 and only about 10 percent below their creditors in 2011. These flows, primarily trade pre-crisis peak in 2007. The change was in composition of inflows from commercial banks Figure II.3. Net Private Debt Inflows by Creditor Type, 2005–2011 Figure II.2. Gross Inflows from Bilateral and $ billions Multilateral Creditors to Developing Countries, 300 2000–2011 250 $ billions 45 200 40 35 150 30 25 100 20 15 50 10 5 0 0 0 01 02 03 04 05 06 07 08 09 10 11 0 −50 20 20 20 20 20 20 20 20 20 20 20 20 00 01 02 03 04 05 06 07 08 09 10 11 IMF IBRD IDA 20 20 20 20 20 20 20 20 20 20 20 20 Other multilateral Bilateral Banks and other private Source: World Bank Debtor Reporting System. Bonds Note: IBRD = International Bank for Reconstruction and Development; Short term IDA = International Development Association; IMF = International Monetary Fund. Source: World Bank Debtor Reporting System. 6 O V E R V I E W Figure II.4. Gross Long-Term Commercial Bank Table II.2. Net Short-Term Debt Flows by Flows to Developing Countries, 2000–2011 Developing Country Regions, 2007–2011 $ billions $ billions 500 2007 2008 2009 2010 2011 450 East Asia and the 400 Pacific 52.9 –13.3 65.0 148.9 144.9 Europe and Central 350 Asia 101.2 –16.9 –34.9 45.9 24.5 300 Latin America and 250 the Caribbean 23.9 2.6 –8.6 43.8 –3.0 200 Middle East and North Africa 3.3 –1.9 3.0 4.5 0.9 150 South Asia 13.1 8.0 2.7 11.8 22.5 100 Sub-Saharan Africa 7.0 4.4 –9.5 2.8 –0.5 50 All developing countries 201.4 –17.1 17.8 257.6 189.3 0 Of which: 00 01 02 03 04 05 06 07 08 09 10 11 top 10 borrowers 149.1 –29.8 30.2 208.6 171.2 20 20 20 20 20 20 20 20 20 20 20 20 Gross disbursements public borrowers Sources: World Bank Debtor Reporting System and Bank for Inter- Gross disbursements private sector borrowers national Settlements. Principal payments public borrowers Principal payments private sector borrowers Source: World Bank Debtor Reporting System. Bond issuance in international capital mar- kets by developing countries’ public and private borrowers held up well in 2011, totaling $188 related, were highly concentrated, with over billion, compared to the $182 billion issued in 75 percent of net short-term debt inflows in 2011 2010. The main driver was again issuance by cor- going to countries in East Asia and the Pacific. porate borrowers in developing countries. This They received $145 billion, an almost identical increased by 16 percent in 2011, bringing their amount to 2010, and of these flows, $129 bil- share of total 2011 bond issuance to 49 percent, lion, close to 90 percent of the regional total, up from 43 percent in 2010. Countries in Latin went to China. In sharp contrast, Latin America America and the Caribbean again led the way in and the Caribbean, which recorded a $44 billion corporate bond issuance. They rose 14 percent to inflow in 2010, registered a $3 billion outflow in $63 billion, and accounted for almost 70 percent 2011. The principal factor was the $50 billion of corporate bond issuances by all developing turnaround in flows to Brazil, which went from countries in 2011. The private sector in Brazil a net inflow of $26 billion in 2010 to an outflow and Mexico were the dominant players, with total of $23 billion in 2011, with long term commer- issuances of $31 billion and $18 billion, respec- cial bank financing replacing short-term debt. tively, of which around half were placed by the Elsewhere across the region, flows were mainly financial sector and the other half by large com- positive including a net inflow of $12 billion to panies. In East Asia and the Pacific region and Mexico ($11 billion in 2010). Inflows to Europe Europe and Central Asia the major players were and Central Asia in 2011 were only a little over Chinese, Russian and Turkish corporations. Sov- half those of the previous year with most of the ereign and public sector bond issues fell 7 percent downturn accounted for by the contraction in in 2011 from the previous year with most of this net inflow to Turkey, $6 billion as compared to decline due to the sharp drop in new issues by $28 billion in 2010. In South Asia the trend was India. The doubling of public sector bond issues in the opposite direction, with the net inflow in Sub-Saharan Africa was due largely to South in 2011 double that of 2010 on account of the Africa but Nigeria came to the market in January rapid rise in net inflow to India to $22 billion 2011 with a debut $500 million 10-year sover- ($10 billion in 2010) (table II.2). eign bond (table II.3). 7 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Table II.3. Bond Issuance by Developing Country Figure III.1. Stock of External Debt by Borrower Borrowers, 2010–2011 Type and Maturity, 2000–2011 $ billions $ billions Public Corporate 5,000 borrowers borrowers 4,500 2010 2011 2010 2011 4,000 3,500 East Asia and the Pacific 12.9 13.1 15.3 15.4 3,000 Europe and Central Asia 27.8 25.2 7.1 10.9 2,500 Latin America and 2,000 the Caribbean 43.2 46.7 55.0 62.7 1,500 Middle East and North Africa 5.5 4.0 0.0 0.0 1,000 South Asia 12.1 3.0 1.3 0.7 500 Sub-Saharan Africa 2.0 4.5 0.0 1.7 0 All developing countries 103.5 96.4 78.7 91.4 00 01 02 03 04 05 06 07 08 09 10 11 Of which: 20 20 20 20 20 20 20 20 20 20 20 20 top 10 borrowers 68.2 61.0 64.1 73.8 Short term Source: World Bank Debtor Reporting System. Public sector—long term Private sector—long term III. The Rapid Growth in Private Source: World Bank Debtor Reporting System. Sector External Debt T he increasingly important role of the private sector in the overall economic landscape of many developing countries is reflected in the term debt, primarily owed by private sector bor- rowers, the external obligations of the private sector in 2011 were equivalent to 17 percent of evolution of developing countries’ private non- developing countries’ GNI and 52 percent of their guaranteed external debt and the composition of export earnings. developing countries’ external debt stock. There is, The bulk of the borrowing has been by the as yet, no comprehensive international data series private sector in the more advanced emerging mar- on the external obligations of developing coun- ket countries, notably those in East Asia and the tries’ private sector. Many countries do not have Pacific, Europe and Central Asia, and Latin Amer- the mechanisms in place to collect and report on ica and the Caribbean. Taken together, these three this category of external obligations, but the im- regions accounted for 88 percent of long-term portance of setting up an appropriate institutional external obligations of developing countries’ private framework is widely recognized, and significant sector borrowers, down slightly from 93 percent in improvements have already been realized. Despite 2000. Over this period there has, however, been the current limitations, International Debt Statis- a noticeably shift in relative shares within these tics (IDS) draws on the data on private nonguar- regions. Whereas countries in Latin America and anteed external debt reported to the World Bank the Caribbean accounted for 49 percent in 2000, DRS and provides important and viable informa- their share had fallen to 29 percent by 2011. Simi- tion on overall trends. larly, external borrowing by the private sector in Over the past decade there has been a sig- countries in East Asia and the Pacific declined, nificant shift, marked by a rapid rise in debt owed almost halving the region’s share to 16 percent, to private sector borrowers and a corresponding from 30 percent in 2000. This was in stark con- fall in the external obligations of the public sec- trast to Europe and Central Asia where a rapid tor. In 2011, the long term external obligations of increase in private sector borrowing tripled the private sector borrowers in developing countries region’s share to 43 percent of the combined long- amounted to US$2,616 billion, more than two term debt obligations of private sector borrowers times their 2000 level (figure III.1). As a share in developing countries in 2011 from 14 percent of developing countries’ total long-term external in 2000 (figure III.2). However, these data need to obligations, those of private sector borrowers be interpreted with some caution, particularly in increased from 57 percent in 2000 to almost regard to those regions where external borrowing 75 percent in 2011. Taken together with short by the private sector is seen to be low, as typically 8 O V E R V I E W Figure III.2. Long-Term External Debt of Private the IFC of the World Bank Group, the European Sector Borrowers: Regional Distribution Bank for Reconstruction and Development (EBRD) Percent and the private lending arms of the regional devel- 60 opment banks. These institutions often operate in tandem with bilateral and commercial lending for 50 the financing of large-scale infrastructure projects. 40 30 20 IV. External Debt Burden of 10 Developing Countries—Selected Indicators F 0 rom the start of the decade to 2008, developing ia a Ea bea ca countries external debt indicators, measured ci d l A and ric d ric As Pa an Af an ib ri n Eu ic So ia a Af ar e C Am h f e a tra e th t s or as in terms of GNI and export earnings, improved ut th Asi en p n C ro ra N E th atin ha st e markedly. Over this period the combined stock of dl Sa L id e b- M developing countries’ external debt, measured in Su d an 2000 2005 2011 relation to export earnings, fell to 63.9 percent, Source: World Bank Debtor Reporting System. less than half its 2000 level, 129 percent. The cor- responding drop in the ratio of external debt stocks to developing countries’ GNI was from 37.9 per- it is often countries in these regions where mecha- cent to 22.1 percent. Several factors were at play, nisms for the capture and compilation of statistics including strong growth performance, a sharp rise on private sector borrowing remain weak. As an in export earnings due to increased export volumes, illustration, the International Finance Corpora- high international prices for primary commodi- tion (IFC), the private lending arm of the World ties and a marked shift in external financing from Bank Group, reported claims of around $6 billion debt to equity in a number of developing countries. in 2011 in direct loans and guaranteed syndicated In the case of low-income countries, large scale bank loans in Sub-Saharan Africa, where it is forgiveness of external debt obligations, primarily active in 31 countries. Most of these countries in the context of the Highly Indebted Poor Coun- do not report on private sector borrowing to the tries (HIPC) and Multilateral Debt Relief Initiative World Bank Debtor Reporting System. (MDRI) was also an important contributing factor. The rise in borrowing by developing coun- The global economic and financial crisis inter- tries’ private sector has been accompanied by a rupted the trend. In 2009 a sharp (20 percent) diversification of borrowing instruments, in partic- contraction in developing countries’ export earn- ular corporate bond issuance. In 2011, developing ings, coupled with increased external borrowing to country corporate bond issuance accounted for 19 finance current account deficits and fiscal stimulus percent of gross long term external inflows, com- measures, pushed the ratio of total external debt pared to 12 percent at the start of the decade. This outstanding to exports up to 85 percent, its highest type of external financing has however been highly level since 2005. The ratio of outstanding external concentrated in the large corporate sector of the debt to GNI also rose, to 24.2 percent, reflecting more advanced emerging market countries. Most the decline in developing countries’ combined GNI. private sector borrowers rely primarily on commer- However, despite continued global economic uncer- cial bank credit to finance trade or specific projects, tainty the majority of developing countries saw refinance debt and fund day-to-day operations. An their economy rebound strongly in 2010–2011. important reason for this is information asymmetry. This has translated into improvements in the ratio Because of their close relations with clients, banks of debt to GNI and to export earnings, 21.5 percent are often better positioned than bond investors and 69.3 percent, respectively, at end 2011 for all to gather information on prospective borrowers. developing countries combined (figure IV.1) Additionally, many private sector borrowers have The improvement in debt indicators was wide- no credit rating. Another increasingly important spread with all regions recording an improvement source of financing is multilateral institutions like in the ratio of external debt to export earnings in 9 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 2011, and the same was broadly true with regard debt to GNI and to export earnings for countries to the ratio of debt to GNI. In the regions where the in the region between 2008 and 2009. Both ratios ratio rose in 2011, Latin America and the Caribbean improved in 2010 and still further in 2011 to and South Asia, it did so only marginally. East Asia 43.1 percent and 111.8 percent, respectively, levels and the Pacific has the lowest debt burden measured only slightly above their pre-crisis (2008) level. The against both GNI and export earnings, despite top 10 borrowing countries have a ratio of debt a sharp increase in debt outstanding since 2009. to exports broadly comparable to that of other Countries in Europe and Central Asia are, on aver- developing countries. Measured in relation to GNI, age, the most heavily indebted among developing their debt burden is lower, an average of 19 percent countries and some of the most severely impacted by in 2011 compared to an average of 31 percent for the global economic crisis. This was reflected in the other developing countries (table IV.1). marked deterioration in the average ratio of external Developing countries have seen a significant improvement in external debt payment capac- ity over the past decade, measured as the ratio Figure IV.1. Key Debt Indicators: Trend 2000–2011 of external debt service to export earnings, and this trend continued in 2011 despite the further Percent 11 percent rise in their combined external debt 140 obligations. The average debt service to export ratio 120 for all developing countries combined dropped to 100 8.8 percent, compared to 11.3 percent in 2009 and 20.4 percent at the start of the decade. This is pri- 80 marily a consequence of increased export earnings 60 but it is also a direct outcome of debt restructuring 40 and outright debt relief from official and private creditors, in the context of the HIPC and MDRI and 20 additional bilateral debt relief. 0 00 01 02 03 04 05 06 07 08 09 10 11 20 20 20 20 20 20 20 20 20 20 20 20 External debt stocks to exports (%) V. Aggregate Net Capital Flows to External debt stocks to GNI (%) Developing Regions I Debt service to exports (%) nternational capital flows, debt and equity com- Short-term debt to imports (%) bined fell to $1,107 billion in 2011, 9 percent Sources: World Bank Debtor Reporting System and International lower than 2010 and below their 2007 pre-crisis Monetary Fund. Note: GNI = gross national income. peak. Measured in relation to developing country Table IV.1. Debt Indicators for Developing Country Regions Percent Debt outstanding/GNI Debt outstanding/exports Country group 2008 2009 2010 2011 2008 2009 2010 2011 East Asia and the Pacific 13.1 13.8 14.2 13.5 32.5 43.3 41.0 39.9 Europe and Central Asia 40.2 52.4 47.7 43.1 106.7 156.1 136.3 111.8 Latin America and the Caribbean 21.7 24.3 22.4 22.7 87.2 115.3 106.8 99.0 Middle East and North Africa 15.9 17.3 16.4 15.0 39.5 51.5 51.5 44.5 South Asia 21.0 21.5 19.8 20.0 84.9 110.7 94.8 86.8 Sub-Saharan Africa 24.3 27.9 26.1 24.8 56.3 82.1 69.7 62.5 Top 10 borrowing countries 19.7 21.3 20.1 19.1 64.1 84.7 75.7 69.7 Other developing countries 28.0 31.4 31.7 31.2 68.1 93.2 83.3 76.9 All developing countries 22.1 24.2 22.7 21.5 63.9 85.0 76.4 69.3 Sources: World Bank Debtor Reporting System and International Monetary Fund. Note: GNI = gross national income. 10 O V E R V I E W GNI, the decline in net capital flows was more strik- business and regulatory environment and relatively ing: from 6.2 percent of GNI in 2010 to 4.9 percent high economic growth. In common with 2010, an in 2011 and well short of the 8.5 percent recorded important share of the 2011 investment resulted in 2007. The downturn was driven primarily by from cross-border mergers and acquisitions the collapse in portfolio equity flows, which plum- (M&A), which typically respond more rapidly to meted to −$2 billion, compared to a net inflow of changes in economic conditions, but greenfield $120 billion in 2010. In contrast, foreign direct in- investment held steady and, importantly, two thirds vestment continued its upward trajectory, rising by of this was directed at developing countries. South- 11 percent in 2011 to a record high of $644 billion. South investment, i.e. by one developing country As previously indicated the 10 percent decline in debt in another, fell by 5 percent in 2011 due in part related flows in 2011 resulted entirely from the fall to repatriation of intercompany loans by Brazilian in net debt inflows from official creditors. Foreign investors and stagnant flows from East Asia. How- direct investment was the single largest component ever, South-South investment accounted for over of capital flows to developing countries in 2011, 58 25 percent of global foreign direct investment. percent, up from 48 percent in 2010. Many develop- Among developing countries the 10 largest ing countries benefited from a further increase in recipients of foreign direct investment continued to workers’ remittances which were up 12 percent over dominate the direction of flows—as a group they their 2010 level to $355 billion (table V.1). absorbed over 70 percent of net foreign direct invest- ment in developing countries in 2011, but individu- Foreign Direct Investment ally, trends differed. Most of the top 10 recipients Around half of global foreign direct investment saw inflows increase from their 2010 level but with in 2011 was directed to developing countries, considerable variance in the pace of increase. It with investors attracted by improvements in the ranged from 12 percent in Chile to a doubling of Table V.1. Net Capital Flows to Developing Countries, Equity and Debt, 2001–2011 $ billions 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Net private and official inflows 216.9 171.9 264.7 373.3 513.1 705.8 1,180.2 812.6 701.7 1,211.1 1,106.8 Percent of GNI 3.8 2.9 4.0 4.7 5.4 6.3 8.5 4.9 4.3 6.2 4.9 Net equity inflows 165.7 163.3 183.8 252.8 374.3 505.7 692.3 583.3 542.1 702.9 642.2 Net FDI inflows 159.0 155.0 157.4 215.9 306.6 398.0 559.4 636.9 427.9 582.7 644.4 Net portfolio equity inflows 6.7 8.3 26.3 36.9 67.7 107.7 132.9 –53.6 114.2 120.2 –2.2 Net debt flows 51.2 8.6 81.0 120.5 138.8 200.1 487.9 229.3 159.7 508.3 464.6 Official creditors 30.9 6.8 –11.9 –24.3 –64.3 –68.9 1.6 30.4 81.0 73.2 30.0 World Bank 7.4 –0.5 –2.6 2.4 2.6 –0.3 5.2 7.2 18.3 22.4 6.6 IMF 19.5 14.2 2.4 –14.7 –40.2 –26.7 –5.1 10.8 26.8 13.8 0.5 Other official 4.0 –6.8 –11.7 –11.9 –26.7 –41.9 1.6 12.4 35.9 36.9 22.8 Private creditors 20.3 1.7 92.9 144.8 203.1 269.0 486.3 198.8 78.7 435.1 434.6 Net medium and long term debt flows 0.1 –1.0 38.2 86.1 118.0 171.1 284.8 216.0 60.9 177.5 245.3 Bonds 19.1 14.0 18.8 37.6 45.3 33.6 66.9 –8.6 61.0 129.7 123.8 Banks and other private –19.1 –15.0 19.4 48.5 72.7 137.5 217.9 224.6 –0.2 47.9 121.5 Net short-term debt flows 20.3 2.8 54.7 58.6 85.1 97.9 201.4 –17.1 17.8 257.6 189.3 Change in reserves (– = increase) –80.4 –157.0 –280.5 –393.0 –397.4 –625.1 –1,067.8 –448.9 –632.1 –702.0 –492.0 Memorandum items Workers remittances 90.0 108.0 133.7 154.7 180.0 213.6 259.7 301.0 285.0 315.6 355.0 Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlements. Note: FDI = foreign direct investment; GNI = gross national income; IMF = International Monetary Fund. 11 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 inflows into the hydro-carbon sector in Kazakhstan demands of the emerging middle class across the and a 76 percent jump in Turkey where investment region. The net inflow of foreign direct investment focused on high value added, high-tech export- to countries in Latin America and the Caribbean oriented projects, and cross-border mergers and also reached record levels in 2011, $158 billion, acquisitions included two mega deals: BBVA’s (Spain) 26 percent higher than their 2010 level, driven by $5.9 billion acquisition of 25 percent of Turkiye expanding consumer markets, higher growth rates Garanti Bankasi and Valleres’ (United Kingdom) and natural resource endowments. Countries in $2.1 billion purchase of Genel Enerji. Among other Europe and Central Asia realized on average a 35 major recipients, Brazil saw the net inflow of foreign percent increase in net inflows in 2011 with several direct investment rise 34 percent; net inflows to both factors at play: competitive production costs and India and Russia were up 22 percent. Only two access to European Union markets, Russia’s acces- countries in the group, China and Mexico, recorded sion to the World Trade Organization, improved a decline in net inflow of foreign direct investment in business climates and new privatization programs 2011, 10 percent and 6 percent, respectively (figure in extractive industries, utilities, banking and tele- V.1). In China, inflows to the service sector contin- communications. In South Asia, inflows staged ued to rise but those to the manufacturing sector are a turnaround from their 2009–2010 slide, rising starting to come under pressure due to rising wage 18 percent to $36 billion, primarily as a result of and production costs. However, China remained the the sharp increase in inflows to India, spurred on single largest recipient of foreign direct investment by mergers and acquisitions in extractive indus- among both developed and developing countries: it tries. India accounts for more than 90 percent of accounted for 34 percent of net foreign direct invest- foreign direct investment in the region. ment inflows to developing countries in 2011. The East Asia and the Pacific region continued At the regional level, net inflows to sub- to account for the largest share of net inflows of Saharan Africa rose the fastest, up 55 percent in foreign direct investment to developing countries, 2011 to an all-time high of $41 billion. A rebound 43 percent in 2011, but after surging in 2010 the in foreign direct investment to South Africa, a net inflow of foreign direct investment declined by continued rise in commodity prices and relatively 5 percent in 2011. However, this was primarily due positive outlook for the region as a whole under- to the 10 percent drop in inflows to China, which pinned the recovery. The traditional pattern of dominated the regional outcome. When China is investment in oil and other mineral extraction excluded inflows to countries in the East Asia and industries continued, but 2011 also saw increased the Pacific region are shown to have risen on average foreign direct investment in services (banking, by 18 percent in 2011. The Middle East and North retail and telecommunications) in response to the Africa was the only other region to see net inflows fall in 2011. They plunged by 31 percent as politi- cal instability across the region brought flows to a Figure V.1. Net Foreign Direct Investment Inflows to Major Recipients, 2009–2011 halt in a number of countries. Egypt, the region’s largest recipient of foreign direct investment, saw $ billions flows turn sharply negative (−$0.5 billion) in 2011 China as compared to a net inflow of $6.4 billion in 2010; Brazil inflows to Lebanon were pulled down by a slow- Russian Federation down in the real estate sector. There were, however, India some bright spots, with inflows to Morocco up Mexico $1 billion in 2011 largely on account of investment Indonesia in automobile production by Renault (France). Chile Turkey Portfolio Equity Flows Colombia Portfolio equity flows again proved to be the most Kazakhstan volatile of all capital flows in 2011. After falling 0 50 100 150 200 250 300 precipitously following the advent of the global eco- 2011 2010 2009 nomic crisis in 2008 portfolio equity flows recov- Sources: International Monetary Fund and World Bank estimates. ered rapidly in 2009 and 2010, particularly to those 12 O V E R V I E W Table V.2. Net Inflow of Portfolio Equity to Major Recipients, 2005–2011 $ billions 2005 2006 2007 2008 2009 2010 2011 China 20.6 42.9 18.5 8.5 29.1 31.4 5.3 Brazil 6.5 7.7 26.2 –7.6 37.1 37.7 6.2 India 12.2 9.5 32.9 –15.0 24.7 30.4 –4.1 South Africa 7.2 15.0 8.7 –4.7 9.4 5.8 –3.8 Turkey 5.7 1.9 5.1 0.7 2.8 3.5 –1.0 Thailand 5.1 5.2 4.3 –3.8 1.7 2.6 0.5 Vietnam 0.1 1.3 6.2 –0.6 0.1 2.4 1.1 Chile 1.6 –0.1 0.4 1.9 0.3 1.8 4.5 Nigeria 0.8 1.8 1.4 –1.0 0.5 2.2 2.6 Indonesia –0.2 1.9 3.6 0.3 0.8 2.1 –0.3 Top 10 recipients 59.5 87.1 107.3 –21.2 106.5 119.8 10.9 Other developing countries 8.2 20.6 25.6 –32.4 7.7 0.4 –13.1 Of which: Philippines 1.5 2.5 3.2 –1.3 –1.1 0.5 1.0 Mexico 3.4 2.8 –0.5 –3.5 4.2 0.6 –6.2 Russian Federation –0.1 6.5 18.7 –15.0 3.4 –4.8 –9.7 Total all developing countries 67.7 107.7 132.9 –53.6 114.2 120.2 –2.2 Source: International Monetary Fund. emerging markets viewed as having good growth advanced economies in recent years. This is illus- prospects. Net inflows totaled $108 billion in 2009, trated by the G7 countries where, since 2006, ex- a spectacular turnaround from the $54 billion ternal debt stocks (measured on a gross basis) have outflow of 2008, and rose a further 22 percent in risen on average by close to 30 percent to $42.5 tril- 2010 to $120 billion as investor concerns receded lion at end 2011. Japan has the fastest rise in exter- and stock markets in several emerging markets hit nal debt; its obligations more than doubled during record levels. But, in 2011 a combination of factors this period, followed by Canada, up 71 percent and sent portfolio equity flows into a tailspin, resulting the United States 38 percent (table VI.1). Over the in a net outflow of $2 billion. In part, flows slowed same period the external debt of developing coun- in response to policy actions by emerging markets tries, measured on the basis of the top 10 develop- to address concerns about inflationary pressures ing country borrowers, has risen three times as fast and destabilization of currencies and domestic as that of the G7 countries. On average, around financial markets. Investors were also deterred by 26 percent of the external obligations of G7 coun- the weaker global economic outlook and potential tries are owed by governments and 45 percent con- fallout from the Euro-zone crisis. The net inflow stitute short-term debt. of portfolio equity flows to the top two recipients, When viewed in relation to gross domestic Brazil and China, fell to one-sixth their 2010 level, product (GDP), G7 countries are far more heavily and those to India plunged to an outflow of $4 bil- indebted than their developing country counter- lion in 2011 from an inflow of $30 billion in 2010. parts. The stock of external debt of G7 countries There were, however, some bright spots such as has risen from an average of 115 percent of GDP in Chile, and investors were also attracted to opportu- 2006 to 126 percent in 2011, peaking at 128 percent nities in Africa, notably Nigeria (table V.2). in 2008. Even after excluding the United Kingdom, where gross external debt levels are impacted by its role in global financial markets, the average external VI. Global Trends in External Debt debt to GDP ratio remains above 100 percent. This and Public Sector Debt is in stark contrast to developing countries where T he data reported to QEDS by developing and high income countries show a marked increase in the gross external debt position of the key the comparable ratio for the top 10 borrowers aver- aged 18.9 percent in 2011, down from 21.6 percent in 2006 (figure VI.1). 13 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Table VI.1. G7 Countries, External Debt Stock, 2006–2011 $ billions 2006 2007 2008 2009 2010 2011 Canada 696.6 831.7 839.6 997.5 1,107.0 1,190.9 France 3,817.6 4,841.9 4,879.5 5,164.3 5,119.1 5,003.8 Germany 4,219.2 5,115.5 5,125.7 5,114.1 5,221.2 5,338.2 Italy 2,108.0 2,549.3 2,395.3 2,551.2 2,435.2 2,349.7 Japan 1,512.9 1,767.8 2,230.6 2,086.4 2,588.6 3,115.2 United Kingdom 9,239.3 11,260.6 9,106.7 9,409.5 9,483.0 9,976.2 United States 11,204.1 13,427.1 13,749.6 13,661.8 14,516.5 15,508.2 Total G7 countries 32,797.8 39,794.0 38,327.0 38,984.7 40,470.6 42,482.0 Source: World Bank Quarterly External Debt Database. Figure VI.1. External Debt to GDP Ratio, 2006–2011, Figure VI.2. Selected High-Income and Developing for Selected Country Groups Countries, External Debt to GDP Ratio, 2011 Percent Percent 140 200 180 160 120 140 120 100 100 80 60 40 80 20 0 Br a In il M dia Fe one o de sia Tu ion Ka Ja ey kh n C tan om a U U ania St e es Fr ny ce er ly 60 az n an d ic za pa R nad d in G Ita rk at a an hi si In ex t te a s ra m C ni kr a 40 us R 20 Sources: International Monetary Fund and World Bank Quarterly External Debt Database. 0 2006 2007 2008 2009 2010 2011 G7 Countries G7 Countries excluding the United Kingdom of 7 percent over the end 2011 level (figure VI.3). Top 10 Developing Countries However, growth kept pace, resulting in a very slight Sources: International Monetary Fund and World Bank Quarterly improvement in the external debt to GDP ratio to External Debt Database. just below 19 percent at mid-2012. Since the onset of the global economic crisis in 2008, the level of public debt has increased signifi- At the country level the disparity in the external cantly in many countries but this has been particularly debt to GDP ratio at end 2011 was wide, ranging pronounced in the world’s more advanced economies. from as low as 9.5 percent in China to 180 percent In the 17 Euro-zone countries, government debt to in France (figure VI.2) and the United Kingdom (an GDP rose from an average of 56 percent in 2008 outlier and excluded from the chart) with an exter- to 76 percent in 2011, according to the information nal debt to GDP ratio of 410.3 percent. reported to the World Bank’s Public Sector Debt data- Data for the first half of 2012 indicate the exter- base. And this average masks a sharp run-up in gov- nal debt stock of G7 countries has slightly changed ernment debt and very elevated debt to GDP ratios in from its end 2011 level and is also broadly the same countries where the impact of the crisis is most severe. in relation to GDP. In contrast, the external debt of In Greece, for example, government debt rose to the top 10 developing country borrowers rose to 165 percent of GDP at end 2011 from 113 percent $3.4 trillion at end June 2012, an average increase going into the crisis in 2008 (table VI.2). 14 O V E R V I E W Figure VI.3. Top 10 Developing Country Borrowers, Figure VI.4. Select Countries: General Government External Debt Stock 2012 to mid-2012 Debt to GDP Ratio, 2008–2011 $ billions Percent 180 China Russian 160 Federation 140 Brazil 120 India 100 80 Turkey 60 Mexico 40 Indonesia 20 Kazakhstan 0 ce Po y Ire l nd n il ey o na ga az l ai ic Ita e rk la hi Ukraine ex rtu Sp Br re Tu C M G Romania 2008 2009 2010 2011 0 200 400 600 800 1000 Source: World Bank Public Sector Debt Database. mid-2012 2011 Note: GDP = gross domestic product. Sources: International Monetary Fund and World Bank Quarterly External Debt Database. trajectory. In Brazil, it dropped from 64 percent Table VI.2. Euro-Zone 17 Countries, General (2008) to 53 percent in 2011 and in Turkey it fell Government Debt as a Percent of GDP, 2008–2011 from 49 percent to 40 percent, and for China, the Percent largest of all developing country borrowers, it was 2008 2009 2010 2011 only 15 percent in 2011 (figure VI.4). Austria 63.8 69.2 71.8 72.3 Belgium 92.7 99.8 99.5 101.9 Cyprus 48.9 58.5 61.5 71.6 Estonia 4.5 7.2 6.7 6.0 Annex A: World Bank External and Finland 33.9 43.5 48.4 48.6 Public Debt Data France Germany Greece 75.5 66.7 113.0 87.2 74.4 129.4 90.6 83.0 145.0 96.2 81.2 165.3 S ince its inception the World Bank has played a leading role in the compilation and dissemina- tion of data on the external debt of developing Ireland 48.2 68.7 95.7 109.8 countries. The World Bank Debtor Reporting Italy 105.7 116.0 118.6 120.1 System (DRS), on which the country pages and Luxembourg 13.7 14.8 19.1 18.2 regional aggregates in this edition of International Malta 62.3 68.1 69.4 72.0 Debt Statistics are based, has been in existence for Netherlands 63.0 65.6 68.6 70.6 Portugal 74.8 86.9 98.3 112.3 over 60 years. It provides policymakers and ana- Slovak Republic 27.9 35.6 41.1 43.3 lysts with a long time series of detailed information Slovenia 21.9 35.3 38.8 47.6 on developing countries’ external debt stocks and Spain 35.4 48.6 54.7 60.7 flows for both public and private sector borrow- Total Euro-zone 17 56.0 65.2 71.2 76.3 ers. More recently, however, the World Bank has Source: World Bank Public Sector Debt Database. instituted additional debt data series in response Note: GDP = gross domestic product. to changing global circumstance, evolving borrow- ing patterns and user demand. These include the In the five countries at the center of the ongo- Quarterly External Debt Statistics (QEDS) data- ing Euro-zone crisis the ratio of general govern- base and the Public Sector Debt (PSD) database, ment debt to GDP rose in each successive year which like the DRS data, are available online as since 2008 and, with the exception of Spain, was part of the World Bank Open Data Initiative. well over 100 percent in 2011. This contrasts The QEDS database was developed jointly by with outcomes in some of the largest developing the International Monetary Fund and the World country borrowers where, over the same period, Bank in the wake of the 1997 Asian crisis in the comparable ratio has been on a downward response to widespread demand for comprehensive 15 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 and readily available high frequency data to facili- The PSD database is also designed to meet the wide- tate macroeconomic analysis and cross-country data spread consensus among policymakers, academics, comparisons at the global level. The data are com- and market participants that any assessment of vul- piled and classified in accordance with the Interna- nerability to shocks, constraints on fiscal policy, and tional Monetary Fund Special Data Dissemination measurement of government liquidity and solvency Standard (SDDS) or General Data Dissemination must be made on a comprehensive basis, taking System (GDDS) standards. They provide quarterly into account all type of public sector debt. As with information on the stock of outstanding external QEDS, reporting to the PSD database is voluntary liabilities, categorized by maturity and borrowing but country response has been strong. To date a instrument. Reporting to the QEDS centralized total of 25 high income countries and 64 developing database is strongly encouraged but participation countries have agreed to participate. A total of 65 is voluntary. To date 70 countries have agreed to countries already provide data to the PSD database. participate in the SDDS/QEDS database, of which 69 countries currently provide data. A further 48 countries have agreed to participate in the GDDS/QEDS database, of which 42 countries have Annex B: Trends in IBRD and IDA thus far reported to the database. Financing to Developing Countries, One important difference between the DRS and 2011 the QEDS database is country coverage. Countries reporting to the DRS are those that borrow from the World Bank (IBRD and IDA). However, QEDS I n 2011 the World Bank (IBRD and IDA) extended $34.4 billion in new loan commitments and made disbursements (from these commitments and the is open to any country, developing or high income, undisbursed pipeline of commitments made in prior that accepts the reporting standards and agrees to years) of $25.7 billion: equivalent to 48 percent participate: 35 of the countries currently provid- and 44 percent, respectively, of commitments and ing data to the QEDS are high income. QEDS data disbursements from all multilateral institutions relate only to debt stocks, but the extended country combined (excluding the IMF) to public sector bor- coverage and quarterly update provides the basis rowers in 2011. IBRD and IDA also provide finan- for a timely analysis of external debt and borrow- cial support to public sector borrowers in the form ing trends on a global basis. QEDS data also serve of grants (IDA) and guarantees, while other parts of to complement information captured through the the World Bank Group, IFC and Multilateral Invest- DRS and to provide a leading indicator for current ment Guarantee Agency (MIGA), provide loans and year trends in the level and pattern of external bor- guarantees to private sector borrowers in develop- rowing by developing countries. ing countries (box annex B1). In conjunction with the Open Data Initiative, Trends in IBRD Financing: New IBRD loan in December 2010 the World Bank launched an commitments signed in 2011 totaled $20.8 bil- online quarterly, Public Sector Debt (PSD) database. lion down by over a third from their 2010 level. As with QEDS this database was also developed in Countries in Latin America and the Caribbean partnership with the IMF to address the demand for received a larger share of IBRD commitments comprehensive, high frequency data measuring the than any other region in 2011, 28 percent, but totality of countries’ public sector debt obligations, they also bore the brunt of the overall decline. domestic and external. The volume of public debt IBRD commitments to the region totaled $5.8 issued in domestic markets has grown substantially billion in 2011, less than half the $12.4 billion in recent years as options for borrowing in these received in 2010. South Asia recorded an increase markets have expanded and governments have used in IBRD commitments in 2011, this on account of issuance in domestic currency to reduce exposure to a jump in new commitments to India, $3.7 billion exchange rate fluctuations and to correct currency compared to $2 billion in 2010, making India the and maturity mismatch. Domestic debt now repre- single largest recipient of IBRD commitments in sents a significant portion of public sector debt in 2011. In all regions, commitments in 2011 were both high income and developing countries, particu- lower than in the previous year, with those to Sub- larly the more advanced emerging markets, and in Saharan Africa recording the steepest decline, but some cases by far exceeds total external debt levels. this has to be viewed against the unprecedented 16 O V E R V I E W Box Annex B1. World Bank Group Financing to Developing Countries Financing from the World Bank Group takes a variety of forms: loans and guarantees from IBRD and loans, grants and guarantees from IDA to the public sector of the borrowing country; loans and equity financing from IFC to the private sector; and investment guarantees from MIGA. Financing by the World Bank Group is captured in the data presented in International Development Sta- tistics as follows: • Loans from IBRD and IDA constitute part of the borrowing country’s public and publicly guaranteed debt and are also separately identified by source. • Grants provided by IDA are recorded in official grants (published in online database). • Loan financing from IFC is recorded as part of private, nonguaranteed debt. • Equity financing from IFC and investments guaranteed by MIGA are recorded as part of foreign direct investment. IBRD and IDA guarantees do not represent financing and are only recorded as a flow of funds if the guarantee is invoked. Source: World Bank Debtor Reporting System. level of commitments in 2010 as a consequence Figure B1. IBRD Disbursements – Regional of the $3.8 billion extended to South Africa’s Distribution, 2009–2011 power utility company, Eskom. The concentration $ millions of IBRD commitments moderated: 10 borrowers 12,000 accounted for 77 percent of new IBRD loans in 10,000 2011 compared to 85 percent in 2010. 8,000 Disbursements by IBRD from commitments 6,000 made in 2011, and the undisbursed pipeline of 4,000 commitments made in prior years, fell 34 percent 2,000 in 2011 from their prior year’s level. The Middle 0 East and North Africa was the only region to Eu ean d Ea l A and ci d So ica t ia ric n Af as ib an Pa an Af ara As st sia fic a th E ar a tra e e a h h or le record an increase in IBRD disbursements in 2011, r C ic en p th Asi Sa ut b C ro d e er d b- th Am i M Su driven up by higher inflows to Morocco and Tuni- N tin d La sia. Disbursements to countries in South Asia and an East Asia plummeted in line with the rapid fall in 2009 2010 2011 disbursements to India to $1 billion ($3.3 billion Source: World Bank Debtor Reporting System. in 2010), and those to the Latin America and the Caribbean region fell 46 percent, with disburse- ments to Brazil over $2 billion less than in 2010 Figure B2. Top 10 Recipients of IBRD and those to Colombia down by more than $1 bil- Disbursements, 2011 lion. However, the region continued to command $ millions the largest share of IBRD disbursements, 35 percent Mexico of 2011 disbursements, followed by Europe and Brazil Central Asia with 26 percent (figure B1). Turkey IBRD disbursements remained heavily concen- Indonesia trated, with 75 percent going to the top 10 borrowers China Romania in 2011 (figure B2). Countries reporting to the World India Bank Debtor Reporting System1 had outstanding Philippines obligations to IBRD of $126 billion at end 2011. Of Argentina this amount over half (55 percent) was owed by six Morocco borrowers: in order of importance, Mexico, China, 0 500 1,000 1,500 2,000 2,500 Turkey, India, Indonesia, and Brazil. Source: World Bank Debtor Reporting System. 17 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Trends in IDA Financing: IDA resources are Figure B4. Top 10 Recipients of IDA reserved for the world’s poorest countries, and its Disbursements (Loans and Grants), 2011 operations are concentrated primarily in South Asia $ millions and Sub-Saharan Africa. New commitments from India IDA (loans and grants) rose by close to 20 percent Vietnam Pakistan in 2011 to $16 billion. Disbursements on IDA Ethiopia loans were up 10 percent from their 2010 level to Nigeria $8.4 billion and those on IDA grants by slightly less, Ghana Congo, Dem. Rep. 8 percent, to $2.4 billion, but gains were not uni- Bangladesh form across all regions. Countries in Sub-Saharan Rwanda Africa were the principal beneficiaries and received Kenya 48 percent of IDA disbursements (loans and grants) 0 500 1,000 1,500 2,000 in 2011. But, this share was down from 55 percent Source: World Bank Debtor Reporting System. in 2010, reflecting a 14 percent fall in IDA loan dis- bursements to the region in 2011. In contrast, South Asia, the second most important destination for IDA resources, saw IDA disbursements jump 56 percent to $3.5 billion in 2011, largely as a consequence IDA resources are allocated to individual of a rapid increase in disbursements to India to countries using a performance-based allocation $1.7 billion from $1.1 billion in 2010, and Pakistan, system that also takes account of the size of the where they rose to $0.9 billion, more than double population and GNI per capita. IDA recipient their 2010 level. IDA disbursements to countries in countries in the top performance quintile receive East Asia and the Pacific region were up by a more around three times the commitment per capita moderate 9 percent in 2011, due primarily to an as those in the lowest quintile. Disbursements in increase in disbursements to Vietnam, currently the 2011 remained concentrated: the top five recipient only major IDA recipient in the region. The share of countries received 46 percent and the top ten 63 IDA resources going to the three remaining regions, percent of total IDA (loans and grant) disburse- Europe and Central Asia, Latin America and the ments (figure B4). Caribbean and the Middle East and North Africa, The outstanding IDA loan portfolio ($122 remained moderate: together they received only billion at end 2011) is also heavily concentrated, 8 percent of total IDA disbursements in 2011, and with five countries in East Asia and South Asia each of these regions saw IDA disbursements fall in accounting for a little over half of the total 2011 from 2010 (figure B3). (52 percent): in order of importance, India, Paki- stan, Bangladesh, Vietnam and China. This is in part a consequence of the fact that 32 countries, Figure B3. IDA Disbursements (Loans and Grants): primarily in Sub-Saharan Africa, had reached Regional Distribution, 2009–2011 the HIPC Completion Point by end 2011 and $ millions benefited from debt relief from IDA under the 6,000 HIPC and MDRI. African countries with the 5,000 largest share of the outstanding IDA portfolio at 4,000 end 2011 were Nigeria ($4.2 billion), Tanzania 3,000 ($3.5 billion) and Kenya ($3.4 billion). 2,000 1,000 0 Note l A and ric n c d be d ric t ia Af as Af ara Pa an ib an As a So a Eu ific an a th E 1. Borrowers with outstanding obligations to IBRD, si tra e e a ar a h or le h en p th si C ic Sa ut C ro N dd A e er classified as high-income countries, and not included in the b- th Am st d Mi Su Ea DRS, are Barbados, Croatia, Estonia, Hungary, Republic tin La an of Korea, Poland, Slovak Republic, Slovenia, and Trinidad 2009 2010 2011 and Tobago. Source: World Bank Debtor Reporting System. 18 . Summary Tables 19 S U M M A R Y T A B L E S Summary Table 1. Key indebtedness indicators, 2009–2011 Total Present Ratio of external value of Ratio of total Ratio of present Ratio of total present value debt, 2011 debt, 2011 external debt value of debt to external debt to of debt to Country ($ millions) ($ millions) to exports (%) exports (%) GNI (%) GNI (%) Afghanistan 2,623 737 84 24 17 5 Albania 5,938 4,598 158 123 49 38 Algeria 6,072 3,737 9 6 4 2 Angola 21,115 17,705 39 33 27 23 Argentina 114,704 104,191 135 122 32 29 Armenia 7,383 5,767 258 201 76 59 Azerbaijan 8,427 10,995 28 37 17 22 Bangladesh 27,043 17,349 123 79 25 16 Belarus 29,120 26,902 86 79 56 52 Belize 1,278 977 152 116 101 77 Benin 1,423 960 95 64 21 14 Bhutan 1,035 811 157 123 75 59 Bolivia 6,474 3,567 89 49 33 18 Bosnia and Herzegovina 10,729 8,607 152 122 61 49 Botswana 2,396 1,553 74 48 16 11 Brazil 404,317 360,891 165 147 20 18 Bulgaria 39,930 36,476 134 123 83 76 Burkina Faso 2,420 1,736 231 166 27 19 Burundi 628 306 346 169 30 15 Cambodia 4,336 2,894 64 43 40 26 Cameroon 3,074 1,638 51 27 13 7 Cape Verde 1,025 555 151 82 62 33 Central African Republic 573 221 251 97 28 11 Chad 1,821 2,219 46 56 24 29 Chile 96,245 86,534 110 99 48 43 China 685,418 650,933 39 37 11 11 Colombia 76,918 66,967 153 133 28 24 Comoros 278 189 322 219 50 34 Congo, Dem. Rep. 5,448 4,530 67 56 44 37 Congo, Rep. 2,523 1,830 25 18 28 20 Costa Rica 10,291 9,128 95 84 30 26 Côte d’Ivoire 12,012 12,374 96 98 54 55 Djibouti 767 491 173 110 63 40 Dominica 284 213 166 125 61 46 Dominican Republic 15,395 12,490 123 100 31 25 Ecuador 16,497 13,553 82 67 29 23 Egypt, Arab Rep. 35,001 27,719 74 58 17 13 El Salvador 11,995 10,272 241 207 57 49 Eritrea 1,055 600 565 321 49 28 Ethiopia 8,597 4,445 185 96 28 14 Fiji 861 691 52 41 27 22 Gabon 2,879 2,398 35 29 24 20 Gambia, The 466 242 155 81 46 24 Georgia 11,124 9,652 234 203 92 80 Ghana 11,289 8,050 106 76 35 25 Grenada 567 625 310 342 77 85 (table continues next page) 21 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Summary Table 1. Key indebtedness indicators, 2009–2011 (continued) Total Present Ratio of external value of Ratio of total Ratio of present Ratio of total present value debt, 2011 debt, 2011 external debt value of debt to external debt to of debt to Country ($ millions) ($ millions) to exports (%) exports (%) GNI (%) GNI (%) Guatemala 16,286 12,806 144 113 40 31 Guinea 3,139 1,932 223 137 74 45 Guinea-Bissau 284 132 163 76 32 15 Guyana 1,846 871 162 76 82 39 Haiti 783 479 82 50 11 7 Honduras 4,642 2,150 90 42 31 14 India 334,331 283,499 93 79 21 18 Indonesia 213,541 180,033 125 105 32 27 Iran, Islamic Rep. 19,113 15,522 .. .. 5 4 Jamaica 14,350 13,363 330 308 108 101 Jordan 17,634 16,195 134 123 67 61 Kazakhstan 124,437 104,551 175 147 95 80 Kenya 10,258 7,052 114 79 32 22 Kosovo 1,531 703 110 51 26 12 Kyrgyz Republic 5,486 4,020 191 140 107 78 Lao PDR 6,158 4,393 255 182 92 66 Latvia 38,255 35,601 265 247 142 132 Lebanon 24,767 23,272 103 97 66 62 Lesotho 792 452 53 30 30 17 Liberia 448 122 83 23 52 14 Lithuania 29,988 27,691 114 105 78 72 Macedonia, FYR 6,286 5,667 157 142 67 60 Madagascar 2,769 1,771 148 95 31 20 Malawi 1,202 751 86 54 24 15 Malaysia 94,468 84,722 39 35 41 37 Maldives 983 802 73 59 51 41 Mali 2,931 1,793 118 72 32 19 Mauritania 2,709 2,479 115 105 78 71 Mauritius 1,435 961 16 11 14 10 Mexico 287,037 203,924 91 65 28 20 Moldova 5,452 4,644 188 160 83 71 Mongolia 2,564 1,852 69 49 43 31 Montenegro 2,093 2,053 118 115 49 48 Morocco 29,049 23,443 102 82 32 26 Mozambique 4,097 2,240 127 69 39 21 Myanmar 7,765 3,307 .. .. .. .. Nepal 3,956 2,462 209 130 25 15 Nicaragua 7,121 2,334 199 65 111 36 Niger 1,408 1,630 113 131 26 30 Nigeria 13,108 7,767 17 10 7 4 Pakistan 60,182 43,560 215 156 32 23 Panama 12,583 10,883 58 50 49 43 Papua New Guinea 12,461 9,802 205 162 127 100 Paraguay 6,011 5,254 59 52 33 29 Peru 44,872 39,774 110 97 30 27 22 S U M M A R Y T A B L E S Summary Table 1. Key indebtedness indicators, 2009–2011 (continued) Total Present Ratio of external value of Ratio of total Ratio of present Ratio of total present value debt, 2011 debt, 2011 external debt value of debt to external debt to of debt to Country ($ millions) ($ millions) to exports (%) exports (%) GNI (%) GNI (%) Philippines 76,043 64,619 135 115 38 33 Romania 129,822 109,985 227 192 77 66 Russian Federation 542,977 490,820 111 100 37 34 Rwanda 1,103 790 170 122 19 14 Samoa 368 207 188 106 64 36 São Tomé and Príncipe 231 80 885 306 106 37 Senegal 4,320 3,344 131 101 33 25 Serbia 31,569 27,316 220 190 78 68 Seychelles 1,779 1,636 170 157 201 185 Sierra Leone 1,049 369 232 82 53 19 Solomon Islands 256 181 57 40 45 32 Somalia 3,050 3,469 .. .. .. .. South Africa 113,512 60,121 110 58 33 17 Sri Lanka 23,984 18,512 208 160 48 37 St. Lucia 448 336 75 56 39 30 St. Vincent and the Grenadines 283 194 141 97 43 29 Sudan 21,169 23,857 193 218 37 42 Swaziland 605 510 28 23 18 15 Syrian Arab Republic 4,968 4,147 24 20 9 7 Tajikistan 3,323 2,393 261 188 59 42 Tanzania 10,044 6,062 155 93 45 27 Thailand 80,039 74,934 35 32 27 25 Togo 643 507 51 40 20 15 Tonga 191 121 326 207 51 32 Tunisia 22,335 19,215 99 85 53 45 Turkey 307,007 281,762 186 170 44 40 Turkmenistan 445 300 4 2 2 2 Uganda 3,858 1,930 106 53 24 12 Ukraine 134,481 120,461 187 167 98 88 Uruguay 14,350 10,687 129 96 38 28 Uzbekistan 8,382 6,043 64 47 21 15 Vanuatu 202 67 56 18 30 10 Venezuela, RB 67,908 49,532 89 65 20 14 Vietnam 57,841 35,961 69 43 56 35 Yemen, Rep. 6,418 3,691 73 42 23 13 Zambia 4,360 1,637 61 23 30 11 Zimbabwe 6,275 5,158 187 153 83 68 Source: World Bank data. Note: GNI = gross national income; .. = not available. For definition of indicators, see “About the data” section. Numbers in italics are based on the latest available Debt Sustainability Analysis for Low-Income Countries (LIC DSA) and include the effects of traditional relief, debt relief under the HIPC Initiative as well as relief under the Multilateral Debt Relief Initiative (MDRI). Under MDRI IDA, IMF and the African Development Fund provide debt stock cancellation to post-completion point HIPC countries on debt owed to the three institutions. The Interamerican Development Bank (IDB) provides similar debt stock cancellation under the IDB 2007 Debt Initiative. MDRI debt relief provides 100 percent stock cancellation on debt disbursed before end-2004 (for the IMF, AfDF, and IDB) or end-2003 (for IDA), and still outstanding at the time the country reaches the completion point under the HIPC Initiative. In line with the Debt Sustainability Framework for Low-Income Countries, only the conditional debt relief under HIPC is included for countries in the interim period (between decision and completion point of the HIPC Initiative). 23 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Summary Table 2. Composition of total external debt stocks for 2011 US$ millions Public and publicly Public and publicly Total external Total long-term guaranteed, guaranteed, Public and publicly Country debt stocks external debt multilateral bilateral guaranteed, bonds Afghanistan 2,623 2,023 1,073 950 0 Albania 5,938 4,930 1,661 625 388 Algeria 6,072 3,091 8 1,602 0 Angola 21,115 17,518 454 9,205 10 Argentina 114,704 94,935 17,931 5,819 43,485 Armenia 7,383 5,551 1,647 1,086 0 Azerbaijan 8,427 7,272 2,152 1,213 0 Bangladesh 27,043 22,350 18,690 3,594 0 Belarus 29,120 11,624 403 5,739 2,576 Belize 1,278 1,236 263 147 21 Benin 1,423 1,190 990 200 0 Bhutan 1,035 1,021 385 636 0 Bolivia 6,474 5,587 2,597 729 0 Bosnia and Herzegovina 10,729 8,655 2,552 900 241 Botswana 2,396 1,897 1,795 101 0 Brazil 404,317 357,738 25,175 11,342 46,474 Bulgaria 39,930 26,085 2,362 779 991 Burkina Faso 2,420 2,056 1,741 301 0 Burundi 628 387 319 67 0 Cambodia 4,336 3,815 1,587 2,228 0 Cameroon 3,074 2,562 861 1,217 0 Cape Verde 1,025 1,004 610 321 0 Central African Republic 573 297 35 235 0 Chad 1,821 1,710 1,491 190 0 Chile 96,245 77,826 732 201 11,346 China 685,418 197,776 34,638 32,202 11,545 Colombia 76,918 64,968 16,072 508 19,880 Comoros 278 246 199 47 0 Congo, Dem. Rep. 5,448 3,940 2,411 1,512 0 Congo, Rep. 2,523 2,157 161 979 0 Costa Rica 10,291 7,629 1,794 402 1,435 Côte d’Ivoire 12,012 10,108 2,335 7,334 0 Djibouti 767 642 429 196 0 Dominica 284 229 122 61 41 Dominican Republic 15,395 11,671 3,350 3,767 2,412 Ecuador 16,497 15,309 5,197 3,741 868 Egypt, Arab Rep. 35,001 30,596 9,559 17,750 2,750 El Salvador 11,995 10,521 3,681 620 2,217 Eritrea 1,055 1,014 666 311 0 Ethiopia 8,597 7,938 3,405 2,273 0 Fiji 861 545 125 170 250 Gabon 2,879 2,464 440 552 879 Gambia, The 466 385 266 115 0 Georgia 11,124 8,369 2,026 680 815 Ghana 11,289 7,402 3,275 1,860 750 Grenada 567 487 186 87 210 Guatemala 16,286 13,712 4,377 352 630 24 S U M M A R Y T A B L E S Public and publicly Private Private nonguaranteed, guaranteed, commercial nonguaranteed, commercial banks IDA Use of IMF Short-term banks and other bonds and other IBRD (memo) (memo) credit debt 0 0 0 0 413 373 228 524 0 1,732 51 859 117 890 603 0 878 8 0 1,840 1,142 7,848 0 0 0 384 1,606 1,992 1,050 9,129 17,522 5,555 0 3,101 16,668 4 0 2,815 151 1,187 963 869 1,290 0 2,616 469 806 265 891 66 0 0 0 10,712 1,271 3,422 434 19 2,453 318 0 4,050 13,445 587 0 218 10 0 35 8 0 0 0 0 402 177 55 0 0 0 0 138 9 5 89 0 2,173 0 395 252 635 182 0 4,781 458 1,193 766 1,308 1 0 0 59 4 88 411 11,987 79,363 183,399 9,034 0 4,432 42,146 6 0 21,947 1,244 0 938 12,907 15 0 0 0 837 233 131 0 0 0 0 170 241 0 0 0 0 0 575 129 392 23 0 461 19 412 442 70 73 0 0 0 300 20 2 27 0 0 0 19 172 104 29 0 0 0 845 91 19 4,075 14,028 47,444 131 0 1,254 17,164 13,279 30,025 76,087 13,021 7,489 10,731 476,911 2,580 6,049 19,879 7,583 0 1,134 10,816 0 0 0 0 112 28 5 16 0 0 0 887 1,258 250 1,017 0 0 0 86 155 211 294 0 3,704 587 0 240 2,422 131 0 308 0 1,713 1,090 814 17 0 0 0 153 40 86 5 0 0 0 27 27 27 1,229 843 71 851 7 1,623 2,101 123 0 5,380 367 8 443 745 521 0 16 2,794 1,282 1,379 3,025 20 0 3,983 1,014 7 251 1,223 37 0 0 0 478 23 18 2,259 0 0 0 2,208 484 175 0 0 0 0 0 103 212 593 0 0 35 0 225 190 4 0 0 0 64 80 1 823 0 4,026 276 1,219 1,210 1,545 1,517 0 0 0 2,267 1,101 2,785 4 0 0 12 45 46 34 0 155 8,199 1,392 0 308 2,265 (table continues next page) 25 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Summary Table 2. Composition of total external debt stocks for 2011 (continued) US$ millions Public and publicly Public and publicly Total external Total long-term guaranteed, guaranteed, Public and publicly Country debt stocks external debt multilateral bilateral guaranteed, bonds Guinea 3,139 2,849 1,915 917 0 Guinea-Bissau 284 219 115 104 0 Guyana 1,846 1,054 552 482 0 Haiti 783 635 77 558 0 Honduras 4,642 4,160 2,333 766 50 India 334,331 250,171 48,841 26,870 16,517 Indonesia 213,541 172,327 22,842 43,639 29,288 Iran, Islamic Rep. 19,113 4,859 758 878 0 Jamaica 14,350 12,109 2,521 702 4,027 Jordan 17,634 7,496 2,398 2,895 895 Kazakhstan 124,437 114,977 3,627 1,048 0 Kenya 10,258 7,566 4,468 2,778 0 Kosovo 1,531 961 299 0 0 Kyrgyz Republic 5,486 4,986 1,343 1,275 0 Lao PDR 6,158 6,014 1,959 930 0 Latvia 38,255 24,551 5,209 10 1,535 Lebanon 24,767 21,101 1,233 856 17,966 Lesotho 792 712 638 62 0 Liberia 448 187 59 128 0 Lithuania 29,988 24,540 1,597 0 10,566 Macedonia, FYR 6,286 4,080 1,159 233 421 Madagascar 2,769 2,066 1,606 440 0 Malawi 1,202 926 633 288 0 Malaysia 94,468 48,697 207 3,056 19,244 Maldives 983 726 301 274 0 Mali 2,931 2,508 2,001 503 0 Mauritania 2,709 2,380 1,466 913 0 Mauritius 1,435 1,277 586 514 0 Mexico 287,037 231,325 23,513 4,886 122,879 Moldova 5,452 2,899 615 221 0 Mongolia 2,564 2,057 1,113 701 0 Montenegro 2,093 1,599 674 311 259 Morocco 29,049 25,157 11,297 7,284 1,294 Mozambique 4,097 3,617 2,306 1,081 0 Myanmar 7,765 6,253 1,401 4,409 0 Nepal 3,956 3,661 3,153 505 0 Nicaragua 7,121 6,009 1,852 991 0 Niger 1,408 1,100 876 224 0 Nigeria 13,108 6,396 4,799 535 500 Pakistan 60,182 47,685 25,427 17,927 1,550 Panama 12,583 12,281 2,028 371 8,272 Papua New Guinea 12,461 12,268 705 338 0 Paraguay 6,011 3,972 1,511 557 0 Peru 44,872 37,751 7,977 2,743 9,299 Philippines 76,043 67,744 9,055 14,520 20,930 Romania 129,822 82,331 15,985 903 4,852 Russian Federation 542,977 464,333 2,426 2,775 31,280 26 S U M M A R Y T A B L E S Public and publicly Private Private nonguaranteed, guaranteed, commercial nonguaranteed, commercial banks IDA Use of IMF Short-term banks and other bonds and other IBRD (memo) (memo) credit debt 18 0 0 0 1,166 199 91 0 0 0 0 57 32 33 21 0 0 0 10 182 609 0 0 0 0 0 148 0 31 0 980 0 732 215 268 15,630 10,861 131,453 11,524 26,605 6,108 78,052 6,783 14,268 55,507 9,717 2,277 3,041 38,173 3,223 0 0 739 0 2,209 12,045 516 4,290 53 669 0 1,234 1,008 160 0 1,147 927 29 257 9,881 0 17,995 92,306 2,308 0 528 8,933 320 0 0 0 3,388 1,100 1,593 11 0 651 293 7 114 456 0 0 2,368 0 660 312 188 0 0 3,125 0 639 83 62 321 0 17,476 529 0 1,693 12,011 547 500 0 301 0 355 3,311 12 0 0 1 322 80 0 0 0 0 0 14 248 12 750 793 10,834 17 0 211 5,238 295 0 1,972 334 357 403 1,803 7 0 12 0 1,198 273 430 5 0 0 0 274 247 30 4,649 5,509 16,032 0 0 2,067 43,704 110 0 42 0 103 28 229 4 0 0 0 981 230 193 0 0 0 0 345 178 151 66 0 111 242 7 149 9 20,547 36,223 23,278 13,590 0 4,377 51,335 21 0 2,042 75 434 655 1,899 12 0 231 0 447 268 239 301 0 54 223 83 40 455 2,449 0 2,833 2,866 12 862 3,030 230 0 0 0 1,577 355 125 443 0 0 0 787 381 1,132 2 0 0 0 1,426 214 81 3 0 3,163 0 474 373 739 0 0 0 0 355 153 156 63 500 0 7 4,201 2,572 4,139 218 250 2,313 1,610 10,772 9,962 2,535 219 1,261 130 399 0 302 0 26 0 11,199 127 99 193 0 240 100 1,564 245 12 146 1,893 123 9,003 8,605 2,733 0 936 6,185 1,232 1,579 20,427 3,278 163 1,287 7,013 3,130 83 57,379 3,528 0 17,738 29,752 155,739 13,413 258,700 2,067 0 8,708 69,936 (table continues next page) 27 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Summary Table 2. Composition of total external debt stocks for 2011 (continued) US$ millions Public and publicly Public and publicly Total external Total long-term guaranteed, guaranteed, Public and publicly Country debt stocks external debt multilateral bilateral guaranteed, bonds Rwanda 1,103 971 820 151 0 Samoa 368 342 224 119 0 São Tomé and Príncipe 231 189 42 148 0 Senegal 4,320 3,873 2,238 870 500 Serbia 31,569 27,624 5,266 3,317 1,000 Seychelles 1,779 459 75 135 169 Sierra Leone 1,049 740 414 118 0 Solomon Islands 256 210 100 18 0 Somalia 3,050 1,992 800 1,155 0 South Africa 113,512 91,909 1,449 0 38,548 Sri Lanka 23,984 19,746 6,331 8,459 3,000 St. Lucia 448 310 238 21 8 St. Vincent and the Grenadines 283 260 207 15 0 Sudan 21,169 15,123 3,489 7,862 0 Swaziland 605 344 214 111 0 Syrian Arab Republic 4,968 3,998 1,630 2,367 0 Tajikistan 3,323 2,948 973 996 0 Tanzania 10,044 7,686 4,764 1,266 0 Thailand 80,039 33,562 209 6,656 1,954 Togo 643 380 223 157 0 Tonga 191 180 68 112 0 Tunisia 22,335 16,949 7,629 3,683 3,063 Turkey 307,007 218,686 21,111 6,817 46,968 Turkmenistan 445 299 11 254 0 Uganda 3,858 2,958 2,705 253 0 Ukraine 134,481 85,543 3,696 1,324 11,873 Uruguay 14,350 13,349 3,567 93 8,347 Uzbekistan 8,382 7,613 1,281 2,187 0 Vanuatu 202 99 67 31 0 Venezuela, RB 67,908 47,324 5,574 1,145 35,769 Vietnam 57,841 47,381 14,374 16,657 2,001 Yemen, Rep. 6,418 5,876 3,248 2,626 0 Zambia 4,360 2,897 966 389 0 Zimbabwe 6,275 4,554 1,588 1,633 0 All developing countries 4,876,042 3,469,415 505,274 348,492 605,036 Region or Group East Asia and the Pacific 1,242,512 599,271 88,675 125,785 85,213 Europe and Central Asia 1,484,186 1,140,456 78,076 32,694 113,764 Latin America and the Caribbean 1,233,484 1,032,388 133,426 41,104 317,669 Middle East and North Africa 166,124 119,765 38,189 40,138 25,968 South Asia 454,138 347,385 104,202 59,216 21,067 Sub-Saharan Africa 295,598 230,149 62,706 49,555 41,356 Low-income countries 133,292 108,530 66,578 31,876 0 Middle-income countries 4,742,750 3,360,885 438,696 316,615 605,036 Source: World Bank data. Note: IBRD = International Bank for Reconstruction and Development; IDA = International Development Association; IMF = International Monetary Fund. 28 S U M M A R Y T A B L E S Public and publicly Private Private nonguaranteed, guaranteed, commercial nonguaranteed, commercial banks IDA Use of IMF Short-term banks and other bonds and other IBRD (memo) (memo) credit debt 0 0 0 0 392 132 0 0 0 0 0 100 26 0 0 0 0 0 14 16 26 0 0 265 0 1,181 447 0 1,601 165 16,274 1,859 702 2,783 1,162 80 0 0 17 0 49 1,272 208 0 0 0 188 274 35 0 0 92 0 40 34 11 36 0 0 0 442 243 815 6,672 6,604 38,636 583 0 2,741 18,862 943 0 1,013 0 2,652 2,325 1,913 44 0 0 18 64 41 97 38 0 0 7 22 23 0 3,773 0 0 0 1,287 651 5,394 18 0 0 1 2 74 187 0 0 0 0 14 429 542 0 0 979 0 374 246 129 408 0 1,248 0 3,490 643 1,715 1,466 5,090 18,187 67 0 1,490 44,988 0 0 0 0 0 254 9 0 0 0 0 23 10 0 582 0 1,991 1,775 16 419 4,967 19,523 4,003 120,264 12,215 36 4,521 83,800 0 0 34 10 0 107 39 0 0 0 0 1,844 273 627 1,072 5,589 61,988 3,189 0 16,212 32,727 98 294 951 1,128 0 450 550 227 0 3,918 232 149 403 366 0 0 0 0 11 25 78 1,777 3,060 0 0 0 3,905 16,679 3,566 0 10,782 794 7,951 496 9,964 2 0 0 0 2,135 410 131 25 0 1,517 0 492 1,137 326 430 0 904 463 511 527 1,194 314,445 281,045 1,415,123 126,144 121,849 158,104 1,248,523 31,457 56,472 211,670 27,005 20,602 20,362 622,879 186,253 42,061 687,609 29,844 8,066 62,982 280,748 45,698 163,797 330,695 45,325 1,802 25,480 175,615 8,104 500 6,865 9,409 3,641 8,199 38,160 16,968 11,111 134,821 13,134 52,821 20,289 86,465 25,965 7,104 43,463 1,427 34,917 20,792 44,657 4,565 0 5,511 463 37,192 11,222 13,540 309,880 281,045 1,409,613 125,681 84,657 146,882 1,234,983 29 . Regional and Income Group Aggregate Tables 31 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,137,041 2,577,202 2,801,513 3,421,962 3,677,974 3,922,617 4,412,233 4,876,042 Long-term external debt 1,764,272 1,993,182 2,150,133 2,570,169 2,834,073 2,964,483 3,191,784 3,469,415 Public and publicly guaranteed 1,273,376 1,308,484 1,294,266 1,395,247 1,443,391 1,579,562 1,673,941 1,773,246 Private nonguaranteed 490,896 684,698 855,867 1,174,922 1,390,683 1,384,922 1,517,843 1,696,168 Use of IMF credit 79,370 72,350 44,285 41,212 50,737 148,269 158,136 158,104 Short-term external debt 293,399 511,670 607,095 810,580 793,164 809,865 1,062,313 1,248,523 interest arrears on long-term 31,860 28,702 26,359 27,998 27,824 26,794 21,731 18,705 Memorandum items Principal arrears on long-term 60,787 46,564 45,241 46,788 48,254 50,176 40,301 41,383 Long-term public sector debt 1,267,486 1,303,874 1,289,936 1,390,360 1,437,712 1,567,921 1,661,459 1,760,988 Long-term private sector debt 496,786 689,308 860,196 1,179,809 1,396,361 1,396,562 1,530,325 1,708,427 Public & publicly guaranteed commitments 145,902 172,901 150,660 195,941 186,417 266,987 296,298 276,659 External debt flows Disbursements 238,534 381,847 483,747 652,323 646,935 540,161 673,848 722,213 Long-term external debt 228,420 377,886 479,634 650,309 632,328 511,544 656,978 717,886 IMF purchases 10,114 3,961 4,113 2,013 14,607 28,618 16,871 4,327 Principal repayments 223,449 328,109 381,522 365,851 400,535 398,305 423,127 446,914 Long-term external debt 202,846 283,987 350,703 358,696 396,736 396,461 420,104 443,110 IMF repurchases 20,603 44,122 30,819 7,155 3,800 1,844 3,022 3,804 Net flows 9,261 138,842 199,994 487,772 229,158 159,579 508,233 464,535 Long-term external debt 25,573 93,899 128,931 291,613 235,592 115,083 236,873 274,777 Short-term external debt -5,824 85,104 97,911 201,446 -17,147 17,829 257,551 189,314 Interest payments 114,029 104,309 117,475 137,435 138,677 122,157 152,785 173,823 Long-term external debt 94,082 83,319 92,578 108,004 116,760 107,741 110,441 127,435 IMF charges 3,794 3,995 2,603 1,571 1,188 790 1,285 1,460 Short-term external debt 16,155 16,997 22,294 27,860 20,729 13,626 41,059 44,928 2. Other non-debt resource inflows Foreign direct investment 148,508 306,605 397,973 559,423 636,934 427,874 582,682 644,397 Portfolio equity 13,948 67,691 107,697 132,904 -53,628 114,185 120,191 -2,238 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 14.1 14.3 14.8 13.6 14.0 12.6 11.7 Japanese yen 12.1 9.9 9.6 8.8 10.4 9.5 10.1 9.8 Pound sterling 1.0 1.1 0.7 0.6 0.4 0.4 0.4 0.4 Swiss franc 0.5 0.5 0.6 0.6 0.5 0.5 0.4 0.4 U.S.dollars 61.7 64.5 65.3 65.2 65.7 66.0 65.8 66.6 4. Average terms of new commitments Official creditors Interest (%) 4.8 3.5 3.9 3.6 2.8 1.9 1.9 2.1 Maturity (years) 20.2 22.1 23.1 23.3 23.5 21.2 23.3 23.1 Grace period (years) 5.1 5.6 6.3 6.5 6.6 6.3 6.9 5.5 Private creditors Interest (%) 8.1 5.9 6.0 5.9 5.6 5.5 4.4 5.0 Maturity (years) 11.4 13.6 12.9 13.9 13.4 14.4 16.9 19.0 Grace period (years) 8.5 8.1 9.2 8.2 7.4 7.1 8.1 9.3 5. Major economic aggregates Gross national income (GNI) 5,646,316 9,418,325 11,198,577 13,909,664 16,663,412 16,242,777 19,472,131 22,710,300 Exports of goods, services & prim. income 1,656,504 3,189,460 3,900,659 4,757,351 5,759,561 4,616,276 5,781,029 7,039,363 Personal transfers & comp. of employees 77,725 180,035 213,597 259,696 301,037 284,982 315,650 355,036 Imports of goods, services & prim. income 1,708,052 3,152,969 3,750,396 4,627,232 5,686,376 4,670,279 5,939,059 7,263,877 Primary income on FDI 67,968 197,295 256,822 328,379 380,855 338,888 459,429 485,613 International reserves 612,253 1,920,527 2,545,594 3,613,411 4,062,266 4,694,354 5,396,364 5,888,373 6. Ratios External debt stocks to exports (%) 129.0 80.8 71.8 71.9 63.9 85.0 76.3 69.3 External debt stocks to GNI (%) 37.8 27.4 25.0 24.6 22.1 24.1 22.7 21.5 Debt service to exports (%) 20.4 13.6 12.9 10.6 9.4 11.3 10.0 8.8 Short-term to external debt stocks (%) 13.7 19.9 21.7 23.7 21.6 20.6 24.1 25.6 Multilateral to external debt stocks (%) 15.3 14.5 12.4 10.9 10.8 11.3 11.0 10.4 Reserves to external debt stocks (%) 28.6 74.5 90.9 105.6 110.4 119.7 122.3 120.8 Reserves to imports (months) 4.3 7.3 8.1 9.4 8.6 12.1 10.9 9.7 32 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,764,272 1,993,182 2,150,133 2,570,169 2,834,073 2,964,483 3,191,784 3,469,415 Public and publicly guaranteed 1,273,376 1,308,484 1,294,266 1,395,247 1,443,391 1,579,562 1,673,941 1,773,246 Official creditors 752,140 715,475 637,243 668,713 711,600 776,618 826,131 853,765 Multilateral 327,379 373,378 348,553 374,431 395,711 444,834 486,301 505,274 of which: IBRD 108,318 96,357 92,373 93,638 96,683 108,683 124,819 126,144 IDA 86,794 121,076 99,004 107,673 111,268 116,966 118,601 121,849 Bilateral 424,761 342,096 288,691 294,281 315,889 331,784 339,829 348,492 Private creditors 521,236 593,009 657,023 726,535 731,791 802,943 847,810 919,481 of which: Bonds 325,985 406,087 418,847 456,959 459,020 484,281 543,900 605,036 Commercial banks 126,993 125,892 165,941 194,241 187,223 197,652 198,753 194,888 Private nonguaranteed 490,896 684,698 855,867 1,174,922 1,390,683 1,384,922 1,517,843 1,696,168 of which: Bonds 89,492 136,425 169,586 209,347 177,106 199,588 255,395 281,045 Disbursements 228,420 377,886 479,634 650,309 632,328 511,544 656,978 717,886 Public and publicly guaranteed 137,257 155,250 166,065 195,746 174,175 222,635 285,335 244,244 Official creditors 52,422 46,048 54,756 60,143 69,429 100,878 108,517 89,118 Multilateral 34,313 34,187 40,074 43,793 47,821 72,653 72,451 58,237 of which: IBRD 12,968 9,179 11,932 10,496 13,605 22,701 26,246 17,320 IDA 5,219 7,207 6,771 7,358 6,864 8,712 7,688 8,434 Bilateral 18,109 11,861 14,682 16,350 21,607 28,225 36,066 30,880 Private creditors 84,835 109,202 111,310 135,602 104,746 121,757 176,818 155,127 of which: Bonds 55,640 64,447 60,279 74,358 63,995 70,846 103,490 96,441 Commercial banks 18,102 31,820 37,411 47,917 29,714 24,881 47,747 35,141 Private nonguaranteed 91,163 222,635 313,569 454,564 458,154 288,908 371,643 473,642 of which: Bonds 10,810 40,581 50,403 63,302 12,902 39,207 78,669 91,448 Principal repayments 202,846 283,987 350,703 358,696 396,736 396,461 420,104 443,110 Public and publicly guaranteed 104,629 146,045 190,514 138,143 148,322 127,661 140,519 143,399 Official creditors 47,653 70,147 96,931 53,379 49,814 46,654 49,158 59,673 Multilateral 22,719 26,646 36,423 26,455 26,961 25,533 25,884 34,630 of which: IBRD 9,418 12,129 17,186 10,864 10,945 10,858 9,160 15,244 IDA 948 1,621 1,779 1,836 2,296 2,252 2,342 3,908 Bilateral 24,934 43,502 60,508 26,924 22,853 21,121 23,274 25,042 Private creditors 56,976 75,897 93,583 84,764 98,508 81,007 91,360 83,727 of which: Bonds 22,293 44,640 59,137 50,220 54,530 31,859 34,577 36,917 Commercial banks 23,264 22,411 24,994 24,706 34,211 34,823 41,852 36,551 Private nonguaranteed 98,217 137,942 160,189 220,554 248,413 268,800 279,586 299,710 of which: Bonds 15,032 15,063 17,980 20,499 30,970 17,153 17,925 27,165 Interest payments 94,082 83,319 92,578 108,004 116,760 107,741 110,441 127,435 Public and publicly guaranteed 63,419 60,624 56,056 61,079 59,327 54,989 56,160 59,981 Official creditors 25,959 23,885 19,685 20,195 19,002 16,949 16,572 17,120 Multilateral 15,219 10,542 11,643 12,865 12,311 10,532 8,911 9,585 of which: IBRD 7,456 4,019 4,781 5,434 4,575 3,431 2,263 2,320 IDA 577 897 811 758 908 798 825 939 Bilateral 10,740 13,343 8,042 7,330 6,691 6,417 7,661 7,535 Private creditors 37,460 36,739 36,370 40,884 40,325 38,040 39,588 42,861 of which: Bonds 25,105 30,308 28,841 31,707 30,675 29,165 31,482 36,460 Commercial banks 8,677 4,880 5,988 6,393 6,467 5,874 4,153 4,418 Private nonguaranteed 30,663 22,695 36,523 46,925 57,433 52,752 54,280 67,453 of which: Bonds 7,776 7,994 12,488 13,461 11,346 11,788 14,099 19,524 750 Non-debt flows (bill US$) 150 Debt ratios (%) 500 100 250 50 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 33 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 497,305 621,319 657,773 738,184 767,615 873,229 1,069,442 1,242,512 Long-term external debt 418,094 412,488 431,991 459,293 502,056 523,511 571,059 599,271 Public and publicly guaranteed 270,939 263,994 265,324 269,371 288,523 309,747 321,613 331,129 Private nonguaranteed 147,155 148,495 166,667 189,922 213,532 213,764 249,446 268,142 Use of IMF credit 17,781 10,005 1,776 1,832 1,734 20,823 20,464 20,362 Short-term external debt 61,429 198,826 224,006 277,059 263,826 328,895 477,919 622,879 interest arrears on long-term 5,336 1,090 994 1,125 1,155 1,226 1,347 1,366 Memorandum items Principal arrears on long-term 7,461 5,929 4,680 3,979 4,071 4,371 4,903 5,014 Long-term public sector debt 270,588 263,473 264,828 268,938 288,096 304,832 316,693 326,706 Long-term private sector debt 147,507 149,016 167,163 190,355 213,960 218,678 254,366 272,565 Public & publicly guaranteed commitments 26,968 25,060 21,900 22,139 29,580 42,950 42,303 48,693 External debt flows Disbursements 43,658 74,966 77,636 92,536 88,593 88,724 125,641 115,489 Long-term external debt 42,165 74,966 77,636 92,536 88,593 88,550 125,608 115,479 IMF purchases 1,493 0 0 0 0 174 33 10 Principal repayments 47,273 68,930 71,475 75,666 72,148 82,498 87,527 93,572 Long-term external debt 47,006 67,333 62,996 75,632 72,099 82,448 87,479 93,530 IMF repurchases 267 1,597 8,479 35 49 50 48 42 Net flows -14,461 42,923 31,438 69,790 3,182 71,225 187,017 166,858 Long-term external debt -4,840 7,633 14,641 16,904 16,494 6,102 38,128 21,949 Short-term external debt -10,846 36,887 25,277 52,921 -13,263 64,999 148,903 144,940 Interest payments 25,279 17,881 22,031 25,562 22,960 18,773 47,429 53,255 Long-term external debt 20,429 12,843 14,243 17,487 16,878 14,320 18,241 21,104 IMF charges 851 380 371 58 14 49 67 25 Short-term external debt 3,999 4,657 7,417 8,017 6,068 4,404 29,121 32,126 2. Other non-debt resource inflows Foreign direct investment 45,165 129,086 153,024 196,378 211,229 154,479 290,011 274,934 Portfolio equity 6,589 25,907 56,193 35,063 -7,583 30,185 39,715 7,550 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.3 8.8 9.0 7.4 6.6 6.0 5.4 Japanese yen 28.3 26.2 24.8 23.6 26.2 23.4 24.9 24.0 Pound sterling 0.4 0.7 0.6 0.6 0.3 0.3 0.3 0.3 Swiss franc 0.2 0.3 0.2 0.2 0.2 0.1 0.1 0.1 U.S.dollars 55.9 56.5 56.7 57.4 57.6 60.6 61.1 62.7 4. Average terms of new commitments Official creditors Interest (%) 3.9 3.1 4.2 3.4 2.3 1.5 1.3 2.1 Maturity (years) 26.8 24.9 25.8 25.1 25.0 24.8 25.2 27.4 Grace period (years) 6.3 6.7 6.6 7.3 7.1 6.4 7.4 7.8 Private creditors Interest (%) 6.6 5.6 6.6 5.4 5.2 6.7 5.8 10.0 Maturity (years) 13.0 11.1 15.2 15.3 13.4 11.1 13.7 20.7 Grace period (years) 5.0 8.3 11.0 11.0 8.8 8.6 7.3 14.6 5. Major economic aggregates Gross national income (GNI) 1,680,587 3,014,364 3,643,840 4,624,185 5,859,378 6,311,912 7,535,391 9,207,922 Exports of goods, services & prim. income 635,985 1,295,115 1,597,921 2,000,594 2,363,733 2,014,592 2,605,406 3,116,313 Personal transfers & comp. of employees 15,799 34,150 39,590 50,357 59,140 60,362 75,795 85,453 Imports of goods, services & prim. income 606,303 1,193,328 1,373,332 1,655,976 1,984,278 1,766,495 2,390,289 2,925,895 Primary income on FDI 31,677 73,709 76,804 93,408 106,305 134,488 199,516 189,443 International reserves 275,532 1,003,800 1,295,785 1,834,401 2,265,585 2,779,443 3,315,596 3,708,780 6. Ratios External debt stocks to exports (%) 78.2 48.0 41.2 36.9 32.5 43.3 41.0 39.9 External debt stocks to GNI (%) 29.6 20.6 18.1 16.0 13.1 13.8 14.2 13.5 Debt service to exports (%) 11.4 6.7 5.9 5.1 4.0 5.0 5.2 4.7 Short-term to external debt stocks (%) 12.4 32.0 34.1 37.5 34.4 37.7 44.7 50.1 Multilateral to external debt stocks (%) 13.2 10.4 10.1 9.4 9.6 9.3 8.1 7.1 Reserves to external debt stocks (%) 55.4 161.6 197.0 248.5 295.1 318.3 310.0 298.5 Reserves to imports (months) 5.5 10.1 11.3 13.3 13.7 18.9 16.6 15.2 34 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 418,094 412,488 431,991 459,293 502,056 523,511 571,059 599,271 Public and publicly guaranteed 270,939 263,994 265,324 269,371 288,523 309,747 321,613 331,129 Official creditors 171,436 172,448 172,509 177,119 193,736 202,978 209,847 214,459 Multilateral 65,756 64,368 66,424 69,643 73,663 80,930 86,311 88,675 of which: IBRD 30,476 23,331 22,550 21,693 22,275 23,383 25,494 27,005 IDA 12,520 16,498 17,683 19,086 19,683 20,921 21,234 20,602 Bilateral 105,680 108,080 106,085 107,475 120,073 122,047 123,536 125,785 Private creditors 99,504 91,546 92,814 92,252 94,788 106,769 111,765 116,670 of which: Bonds 35,808 55,423 61,543 65,063 66,581 73,965 78,002 85,213 Commercial banks 33,257 17,675 14,755 13,254 15,336 17,240 19,557 17,471 Private nonguaranteed 147,155 148,495 166,667 189,922 213,532 213,764 249,446 268,142 of which: Bonds 22,077 26,415 27,416 25,091 23,625 24,799 36,876 56,472 Disbursements 42,165 74,966 77,636 92,536 88,593 88,550 125,608 115,479 Public and publicly guaranteed 28,719 25,254 26,395 20,911 22,700 38,810 42,425 36,821 Official creditors 15,620 9,059 11,708 11,827 13,040 16,708 16,839 17,067 Multilateral 6,943 5,145 5,930 6,718 7,820 10,064 8,626 8,474 of which: IBRD 3,245 1,825 2,012 2,347 3,200 3,710 4,503 3,646 IDA 700 627 754 1,058 1,152 1,550 1,068 1,180 Bilateral 8,677 3,914 5,778 5,109 5,220 6,643 8,214 8,593 Private creditors 13,099 16,195 14,687 9,084 9,660 22,102 25,586 19,753 of which: Bonds 4,539 11,523 9,581 5,110 5,180 13,903 12,914 13,085 Commercial banks 2,535 3,034 1,912 1,588 2,946 4,034 6,634 2,097 Private nonguaranteed 13,446 49,711 51,241 71,625 65,893 49,740 83,183 78,659 of which: Bonds 1,106 4,981 3,444 1,701 368 2,733 15,328 15,353 Principal repayments 47,006 67,333 62,996 75,632 72,099 82,448 87,479 93,530 Public and publicly guaranteed 22,798 24,500 25,131 22,490 21,722 24,852 27,154 30,650 Official creditors 10,243 10,767 12,510 15,093 13,384 12,892 13,838 15,605 Multilateral 4,062 4,609 4,676 4,969 4,781 4,606 4,716 6,222 of which: IBRD 2,006 2,798 2,891 3,336 2,775 2,583 2,422 2,154 IDA 107 286 324 368 413 450 478 1,769 Bilateral 6,181 6,158 7,834 10,124 8,603 8,286 9,123 9,383 Private creditors 12,555 13,733 12,621 7,398 8,338 11,960 13,316 15,045 of which: Bonds 1,211 4,318 5,432 2,103 2,808 5,342 5,482 6,125 Commercial banks 7,160 5,471 2,684 2,613 1,687 2,485 2,901 4,119 Private nonguaranteed 24,208 42,833 37,865 53,141 50,377 57,596 60,326 62,880 of which: Bonds 5,168 2,115 3,022 2,719 1,533 2,929 1,947 3,429 Interest payments 20,429 12,843 14,243 17,487 16,878 14,320 18,241 21,104 Public and publicly guaranteed 12,889 8,632 9,262 10,614 10,142 9,437 10,558 11,369 Official creditors 7,237 4,043 4,470 5,113 4,676 4,005 4,639 4,565 Multilateral 3,833 2,018 2,245 2,492 2,283 1,732 1,412 1,495 of which: IBRD 2,146 1,028 1,168 1,298 1,085 734 524 482 IDA 87 133 131 134 146 139 146 165 Bilateral 3,404 2,025 2,226 2,622 2,393 2,273 3,227 3,070 Private creditors 5,652 4,589 4,791 5,500 5,467 5,432 5,919 6,804 of which: Bonds 2,286 3,217 3,657 3,977 4,130 4,454 4,995 5,797 Commercial banks 1,921 845 609 723 506 433 463 479 Private nonguaranteed 7,539 4,211 4,982 6,873 6,735 4,883 7,683 9,735 of which: Bonds 1,942 1,293 1,486 1,495 1,239 1,154 1,308 3,863 300 Non-debt flows (bill US$) 400 Debt ratios (%) 350 250 300 200 250 150 200 150 100 100 50 50 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 35 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 359,937 630,960 819,124 1,169,597 1,309,304 1,330,943 1,414,826 1,484,186 Long-term external debt 265,670 478,274 629,826 882,253 1,032,465 1,063,654 1,092,775 1,140,456 Public and publicly guaranteed 197,475 216,337 262,849 305,909 311,028 378,225 385,277 410,786 Private nonguaranteed 68,196 261,937 366,977 576,344 721,438 685,429 707,498 729,670 Use of IMF credit 34,759 33,055 28,082 24,300 30,510 55,693 64,184 62,982 Short-term external debt 59,508 119,631 161,216 263,043 246,329 211,596 257,867 280,748 interest arrears on long-term 8,508 4,098 1,538 1,586 1,772 1,890 2,270 677 Memorandum items Principal arrears on long-term 14,077 3,545 2,020 2,172 2,925 4,869 7,194 3,289 Long-term public sector debt 196,933 215,662 262,207 305,007 309,676 376,630 383,122 408,299 Long-term private sector debt 68,737 262,612 367,619 577,246 722,790 687,024 709,653 732,157 Public & publicly guaranteed commitments 21,526 41,035 37,776 61,304 48,504 65,879 83,922 68,521 External debt flows Disbursements 41,445 148,828 206,785 290,457 323,057 213,939 242,318 254,434 Long-term external debt 37,077 146,039 203,704 289,212 313,565 192,545 230,661 252,513 IMF purchases 4,369 2,789 3,081 1,245 9,492 21,394 11,657 1,922 Principal repayments 31,305 97,683 109,806 125,544 171,931 177,305 194,563 187,391 Long-term external debt 26,388 85,099 100,917 119,264 169,443 176,370 192,292 184,438 IMF repurchases 4,917 12,585 8,889 6,280 2,488 935 2,271 2,953 Net flows 19,504 72,091 141,123 266,147 134,225 1,784 93,647 91,516 Long-term external debt 10,689 60,940 102,787 169,948 144,123 16,175 38,369 68,075 Short-term external debt 9,365 20,946 44,145 101,234 -16,901 -34,850 45,891 24,473 Interest payments 16,799 24,427 30,844 41,616 49,396 44,310 42,410 48,687 Long-term external debt 12,192 18,773 23,641 32,411 41,704 39,164 36,517 42,088 IMF charges 1,635 1,571 1,502 1,145 558 499 879 1,125 Short-term external debt 2,973 4,083 5,701 8,059 7,134 4,648 5,014 5,474 2. Other non-debt resource inflows Foreign direct investment 9,798 55,825 101,268 148,361 169,035 90,380 88,019 118,708 Portfolio equity 986 6,680 12,301 27,002 -15,268 6,359 -813 -10,119 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 20.9 18.0 18.6 18.9 20.0 21.7 21.1 Japanese yen 5.7 3.2 2.7 2.4 3.0 2.5 2.7 3.2 Pound sterling 0.4 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.3 0.5 1.1 1.0 1.0 0.4 0.3 0.3 U.S.dollars 60.2 71.2 75.1 75.5 74.9 75.2 73.2 73.7 4. Average terms of new commitments Official creditors Interest (%) 5.7 2.7 3.9 4.2 3.8 2.5 2.6 1.9 Maturity (years) 17.8 22.7 18.5 18.4 19.6 17.0 22.7 16.1 Grace period (years) 5.3 6.4 5.9 6.1 7.4 6.0 7.7 5.2 Private creditors Interest (%) 8.7 5.1 6.0 5.9 4.9 4.9 4.6 4.5 Maturity (years) 10.3 13.4 8.3 7.6 12.5 18.3 14.4 13.9 Grace period (years) 7.5 4.5 5.7 5.0 3.7 2.6 5.9 5.0 5. Major economic aggregates Gross national income (GNI) 694,322 1,663,607 2,029,121 2,631,020 3,253,245 2,539,545 2,963,123 3,443,240 Exports of goods, services & prim. income 262,511 605,003 751,238 938,291 1,227,046 852,532 1,038,154 1,327,246 Personal transfers & comp. of employees 9,297 20,727 26,410 38,121 44,895 36,244 36,631 42,440 Imports of goods, services & prim. income 249,473 600,967 771,601 1,027,315 1,303,634 893,469 1,084,296 1,380,171 Primary income on FDI 3,101 32,955 56,016 78,085 102,428 60,428 80,749 106,279 International reserves 61,422 301,218 471,629 692,967 631,983 647,259 695,760 709,842 6. Ratios External debt stocks to exports (%) 137.1 104.3 109.0 124.7 106.7 156.1 136.3 111.8 External debt stocks to GNI (%) 51.8 37.9 40.4 44.5 40.2 52.4 47.7 43.1 Debt service to exports (%) 18.3 20.2 18.7 17.8 18.0 26.0 22.8 17.8 Short-term to external debt stocks (%) 16.5 19.0 19.7 22.5 18.8 15.9 18.2 18.9 Multilateral to external debt stocks (%) 8.2 6.0 5.0 4.0 3.8 4.8 5.1 5.3 Reserves to external debt stocks (%) 17.1 47.7 57.6 59.2 48.3 48.6 49.2 47.8 Reserves to imports (months) 3.0 6.0 7.3 8.1 5.8 8.7 7.7 6.2 36 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 265,670 478,274 629,826 882,253 1,032,465 1,063,654 1,092,775 1,140,456 Public and publicly guaranteed 197,475 216,337 262,849 305,909 311,028 378,225 385,277 410,786 Official creditors 115,091 86,395 65,395 72,396 77,777 94,167 105,898 110,769 Multilateral 29,480 38,067 41,063 47,109 50,007 63,780 72,604 78,076 of which: IBRD 19,068 21,793 22,214 22,688 23,071 25,806 28,228 29,844 IDA 2,667 5,548 6,188 6,862 7,160 7,631 7,835 8,066 Bilateral 85,611 48,328 24,332 25,287 27,771 30,387 33,294 32,694 Private creditors 82,383 129,942 197,454 233,513 233,250 284,058 279,379 300,017 of which: Bonds 46,442 65,877 73,615 81,733 78,447 83,203 99,165 113,764 Commercial banks 25,963 39,512 83,595 105,589 94,520 108,410 102,813 94,202 Private nonguaranteed 68,196 261,937 366,977 576,344 721,438 685,429 707,498 729,670 of which: Bonds 3,333 25,731 45,739 65,148 48,184 47,871 47,929 42,061 Disbursements 37,077 146,039 203,704 289,212 313,565 192,545 230,661 252,513 Public and publicly guaranteed 21,244 35,881 53,161 68,433 40,378 62,783 86,426 70,076 Official creditors 6,924 5,196 6,341 9,359 11,299 21,039 20,169 14,898 Multilateral 4,373 4,253 5,184 6,491 7,516 16,586 15,235 12,142 of which: IBRD 2,655 1,816 2,477 2,153 2,825 4,968 5,383 4,515 IDA 351 420 412 468 423 509 439 382 Bilateral 2,551 943 1,157 2,869 3,782 4,453 4,935 2,756 Private creditors 14,319 30,685 46,820 59,074 29,080 41,744 66,256 55,178 of which: Bonds 7,762 8,282 14,574 19,712 8,839 12,213 27,801 25,177 Commercial banks 5,337 12,953 23,551 29,467 11,466 9,686 22,328 12,344 Private nonguaranteed 15,833 110,158 150,542 220,779 273,187 129,762 144,235 182,437 of which: Bonds 566 14,225 21,410 21,287 1,920 4,335 7,081 10,898 Principal repayments 26,388 85,099 100,917 119,264 169,443 176,370 192,292 184,438 Public and publicly guaranteed 12,745 39,083 46,457 34,978 41,154 36,015 47,940 37,148 Official creditors 5,802 23,884 30,932 6,621 6,301 5,849 6,022 8,334 Multilateral 2,269 4,033 3,754 3,815 4,016 3,824 3,831 4,864 of which: IBRD 961 2,932 2,654 2,411 2,472 2,336 2,259 2,348 IDA 6 23 38 56 75 92 105 120 Bilateral 3,533 19,852 27,177 2,806 2,285 2,025 2,191 3,470 Private creditors 6,943 15,199 15,525 28,358 34,852 30,166 41,918 28,814 of which: Bonds 2,230 10,553 8,454 15,588 10,154 8,782 8,644 9,485 Commercial banks 2,437 3,131 6,095 8,866 21,429 13,961 25,921 16,327 Private nonguaranteed 13,644 46,015 54,460 84,285 128,289 140,355 144,352 147,290 of which: Bonds 930 1,982 1,530 2,414 18,572 4,911 4,965 12,961 Interest payments 12,192 18,773 23,641 32,411 41,704 39,164 36,517 42,088 Public and publicly guaranteed 8,533 11,333 11,114 12,678 13,221 12,382 12,290 12,493 Official creditors 3,003 4,043 3,535 2,654 2,689 2,338 1,956 2,546 Multilateral 1,566 1,442 1,582 1,901 1,919 1,686 1,316 1,687 of which: IBRD 1,080 872 1,071 1,217 1,083 848 405 472 IDA 19 45 47 50 54 53 56 62 Bilateral 1,437 2,602 1,953 754 770 652 640 859 Private creditors 5,529 7,290 7,579 10,024 10,531 10,043 10,335 9,947 of which: Bonds 3,648 5,482 5,019 6,176 5,667 5,341 5,441 6,834 Commercial banks 1,366 1,504 2,300 2,646 3,195 2,798 2,014 2,039 Private nonguaranteed 3,659 7,440 12,527 19,733 28,484 26,782 24,227 29,595 of which: Bonds 312 1,865 2,956 4,197 3,358 3,395 3,208 2,878 200 Non-debt flows (bill US$) 200 Debt ratios (%) 150 150 100 100 50 50 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 37 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 760,414 750,571 751,568 850,423 904,989 946,896 1,086,823 1,233,484 Long-term external debt 637,979 615,706 629,512 702,221 753,681 782,687 883,563 1,032,388 Public and publicly guaranteed 396,265 420,796 406,307 427,904 440,444 457,941 502,907 537,896 Private nonguaranteed 241,713 194,911 223,205 274,317 313,237 324,747 380,656 494,493 Use of IMF credit 11,446 15,976 3,741 3,959 3,901 24,709 25,316 25,480 Short-term external debt 110,990 118,888 118,315 144,243 147,407 139,499 177,944 175,615 interest arrears on long-term 1,698 8,905 8,322 10,376 10,947 11,685 6,370 7,039 Memorandum items Principal arrears on long-term 3,551 12,388 13,161 17,017 19,295 20,505 10,001 14,400 Long-term public sector debt 393,314 418,298 404,050 425,667 437,821 454,034 498,680 533,685 Long-term private sector debt 244,664 197,408 225,462 276,555 315,861 328,653 384,883 498,704 Public & publicly guaranteed commitments 66,049 59,008 52,656 62,027 62,288 93,327 93,868 80,943 External debt flows Disbursements 119,838 102,447 135,081 158,613 158,762 161,731 214,210 256,638 Long-term external debt 116,328 101,854 134,517 158,364 158,549 161,284 212,751 256,198 IMF purchases 3,510 593 564 249 213 446 1,459 440 Principal repayments 115,182 111,312 142,020 102,591 102,905 99,977 96,053 115,383 Long-term external debt 100,946 83,139 129,337 102,370 102,733 99,923 95,902 115,191 IMF repurchases 14,237 28,172 12,683 220 173 53 151 192 Net flows 1,738 11,471 -6,929 79,896 58,449 53,108 161,917 138,257 Long-term external debt 15,382 18,715 5,180 55,994 55,816 61,361 116,849 141,008 Short-term external debt -2,917 20,336 10 23,874 2,593 -8,646 43,761 -2,998 Interest payments 55,605 41,400 46,710 48,987 46,146 42,288 45,206 52,051 Long-term external debt 47,975 33,934 40,285 42,019 42,143 39,754 40,459 47,108 IMF charges 892 1,818 452 143 51 63 91 57 Short-term external debt 6,739 5,647 5,973 6,825 3,952 2,471 4,656 4,885 2. Other non-debt resource inflows Foreign direct investment 78,956 74,812 74,449 126,377 137,168 84,910 125,283 158,285 Portfolio equity -561 12,209 11,047 28,821 -9,661 41,574 41,339 6,391 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 9.3 10.4 10.8 9.6 10.5 8.0 6.8 Japanese yen 6.4 3.3 2.9 2.6 3.1 3.7 4.0 3.7 Pound sterling 0.6 0.2 0.2 0.1 0.1 0.4 0.4 0.4 Swiss franc 0.3 0.1 0.1 0.1 0.1 0.2 0.2 0.3 U.S.dollars 71.9 79.8 78.9 77.7 79.4 77.2 77.3 77.0 4. Average terms of new commitments Official creditors Interest (%) 5.9 4.2 5.4 5.1 3.5 2.1 1.8 1.9 Maturity (years) 12.6 19.2 18.9 18.2 20.6 18.8 19.6 19.9 Grace period (years) 2.8 4.8 5.4 4.9 5.3 6.4 6.0 5.2 Private creditors Interest (%) 9.4 6.8 5.8 5.9 6.5 5.3 3.9 4.1 Maturity (years) 12.8 16.9 17.0 22.8 15.9 15.0 22.5 26.4 Grace period (years) 11.6 12.0 12.6 12.5 11.3 10.0 10.9 12.6 5. Major economic aggregates Gross national income (GNI) 1,967,802 2,550,572 3,005,876 3,572,009 4,164,637 3,901,762 4,857,811 5,442,322 Exports of goods, services & prim. income 442,942 657,880 789,138 905,412 1,037,739 821,511 1,017,535 1,246,089 Personal transfers & comp. of employees 20,137 48,946 57,708 61,870 63,013 55,418 55,923 59,368 Imports of goods, services & prim. income 512,531 677,967 808,341 962,623 1,142,674 902,663 1,139,246 1,380,659 Primary income on FDI 22,766 54,228 76,763 90,869 94,925 80,294 96,800 113,256 International reserves 153,491 247,979 301,395 435,940 485,255 535,444 618,997 723,641 6. Ratios External debt stocks to exports (%) 171.7 114.1 95.2 93.9 87.2 115.3 106.8 99.0 External debt stocks to GNI (%) 38.6 29.4 25.0 23.8 21.7 24.3 22.4 22.7 Debt service to exports (%) 38.6 23.2 24.3 16.7 14.4 17.3 13.9 13.4 Short-term to external debt stocks (%) 14.6 15.8 15.7 17.0 16.3 14.7 16.4 14.2 Multilateral to external debt stocks (%) 12.3 13.8 12.8 11.2 11.2 12.2 12.2 10.8 Reserves to external debt stocks (%) 20.2 33.0 40.1 51.3 53.6 56.5 57.0 58.7 Reserves to imports (months) 3.6 4.4 4.5 5.4 5.1 7.1 6.5 6.3 38 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 637,979 615,706 629,512 702,221 753,681 782,687 883,563 1,032,388 Public and publicly guaranteed 396,265 420,796 406,307 427,904 440,444 457,941 502,907 537,896 Official creditors 140,118 134,238 123,928 121,550 130,959 149,541 171,119 174,530 Multilateral 93,427 103,378 96,029 95,545 101,647 115,346 132,264 133,426 of which: IBRD 37,424 34,945 31,515 31,521 33,844 40,427 48,523 45,325 IDA 3,385 5,048 1,528 1,691 1,776 1,467 1,605 1,802 Bilateral 46,691 30,859 27,899 26,005 29,312 34,195 38,855 41,104 Private creditors 256,147 286,558 282,379 306,354 309,486 308,400 331,787 363,366 of which: Bonds 216,334 243,810 240,787 260,368 264,735 268,336 287,551 317,669 Commercial banks 31,361 38,356 38,441 41,880 41,376 35,890 38,928 40,691 Private nonguaranteed 241,713 194,911 223,205 274,317 313,237 324,747 380,656 494,493 of which: Bonds 60,325 75,499 82,939 95,586 83,128 104,023 151,153 163,797 Disbursements 116,328 101,854 134,517 158,364 158,549 161,284 212,751 256,198 Public and publicly guaranteed 58,430 57,730 51,631 54,542 63,663 73,625 92,503 80,545 Official creditors 16,202 12,872 16,770 14,755 19,473 31,154 35,503 23,076 Multilateral 13,366 10,530 14,671 13,055 15,833 24,331 26,965 17,398 of which: IBRD 5,594 3,549 5,568 3,064 5,676 10,788 11,151 6,046 IDA 202 306 178 129 114 157 210 220 Bilateral 2,837 2,342 2,099 1,700 3,640 6,822 8,538 5,678 Private creditors 42,228 44,858 34,861 39,787 44,191 42,472 57,000 57,468 of which: Bonds 35,022 38,184 26,997 33,737 36,212 37,371 43,223 46,682 Commercial banks 6,460 6,169 7,267 5,717 7,819 4,436 11,315 9,895 Private nonguaranteed 57,898 44,124 82,886 103,821 94,885 87,659 120,248 175,654 of which: Bonds 8,312 16,018 20,751 26,935 10,020 29,466 54,971 62,727 Principal repayments 100,946 83,139 129,337 102,370 102,733 99,923 95,902 115,191 Public and publicly guaranteed 42,922 42,846 73,554 47,265 47,673 39,162 39,840 45,775 Official creditors 16,902 16,579 24,482 15,804 12,845 13,507 14,348 18,489 Multilateral 9,918 10,888 19,204 10,792 10,478 9,824 10,181 15,328 of which: IBRD 3,798 4,560 9,141 3,309 3,404 4,298 3,058 9,162 IDA 18 39 29 14 24 20 46 14 Bilateral 6,985 5,691 5,278 5,013 2,367 3,683 4,167 3,161 Private creditors 26,020 26,267 49,072 31,461 34,827 25,655 25,492 27,285 of which: Bonds 17,488 18,231 38,013 24,421 28,127 13,377 17,529 16,415 Commercial banks 6,930 7,251 9,908 6,258 6,069 11,089 6,633 9,564 Private nonguaranteed 58,024 40,293 55,784 55,105 55,060 60,761 56,062 69,416 of which: Bonds 8,849 10,583 13,165 13,292 9,228 7,534 7,814 7,828 Interest payments 47,975 33,934 40,285 42,019 42,143 39,754 40,459 47,108 Public and publicly guaranteed 29,951 24,805 25,353 26,721 25,135 23,288 23,516 25,844 Official creditors 8,488 5,532 5,945 5,957 5,439 4,892 4,681 4,787 Multilateral 6,304 4,416 4,956 4,998 4,646 4,080 3,752 3,787 of which: IBRD 2,801 1,506 1,813 1,780 1,544 1,302 1,050 1,075 IDA 17 37 23 12 14 12 11 13 Bilateral 2,184 1,116 990 959 793 812 929 1,000 Private creditors 21,463 19,273 19,408 20,764 19,696 18,396 18,835 21,056 of which: Bonds 17,942 17,456 17,527 18,880 17,951 16,386 17,510 19,585 Commercial banks 2,713 1,617 1,705 1,579 1,488 1,712 1,072 1,228 Private nonguaranteed 18,024 9,129 14,932 15,298 17,008 16,466 16,943 21,264 of which: Bonds 5,185 4,534 7,607 7,177 6,123 6,609 8,054 10,749 200 Non-debt flows (bill US$) 200 Debt ratios (%) 150 150 100 100 50 50 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 39 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 143,768 150,577 144,668 156,178 148,078 159,906 166,058 166,124 Long-term external debt 116,433 122,189 114,901 123,121 117,081 118,812 120,505 119,765 Public and publicly guaranteed 112,462 115,404 108,230 116,387 110,231 112,463 113,877 112,400 Private nonguaranteed 3,970 6,785 6,671 6,734 6,850 6,348 6,628 7,365 Use of IMF credit 3,465 1,574 1,502 1,501 1,350 8,342 8,328 8,199 Short-term external debt 23,870 26,814 28,265 31,556 29,647 32,752 37,225 38,160 interest arrears on long-term 2,629 298 307 256 259 326 342 351 Memorandum items Principal arrears on long-term 9,977 509 482 442 419 418 424 484 Long-term public sector debt 112,097 114,755 107,479 115,230 109,163 111,456 112,944 111,539 Long-term private sector debt 4,336 7,434 7,422 7,892 7,918 7,356 7,561 8,226 Public & publicly guaranteed commitments 10,177 13,630 12,456 10,676 10,140 11,924 18,837 10,866 External debt flows Disbursements 9,241 14,882 12,028 15,112 11,918 13,612 14,904 13,645 Long-term external debt 9,218 14,882 12,028 15,034 11,872 13,610 14,851 13,638 IMF purchases 24 0 0 78 46 2 53 7 Principal repayments 10,851 14,905 24,903 14,409 16,308 13,311 12,159 13,992 Long-term external debt 10,613 14,160 24,752 14,243 16,173 13,247 12,105 13,924 IMF repurchases 238 745 150 166 135 64 54 68 Net flows 788 545 -11,434 4,045 -6,300 3,339 7,201 581 Long-term external debt -1,396 722 -12,725 791 -4,301 363 2,746 -286 Short-term external debt 2,398 568 1,441 3,342 -1,910 3,038 4,456 927 Interest payments 6,097 6,188 6,407 6,199 5,525 4,882 4,839 4,877 Long-term external debt 4,888 4,748 4,744 4,728 4,767 4,380 4,270 4,229 IMF charges 171 63 58 51 16 22 27 10 Short-term external debt 1,039 1,377 1,605 1,420 742 480 542 638 2. Other non-debt resource inflows Foreign direct investment 3,720 16,879 27,338 28,111 29,553 26,320 22,282 15,422 Portfolio equity 252 2,410 963 -2,096 422 1,200 1,957 -195 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 30.9 33.3 35.7 33.9 34.5 33.0 31.8 Japanese yen 11.1 9.4 8.7 8.3 10.4 9.8 10.1 9.9 Pound sterling 0.8 1.6 1.5 1.4 0.5 0.5 0.5 0.5 Swiss franc 1.1 1.5 1.4 1.2 1.1 1.2 1.2 1.1 U.S.dollars 49.5 43.0 41.0 38.7 38.4 37.6 38.5 38.8 4. Average terms of new commitments Official creditors Interest (%) 4.5 3.7 3.5 3.4 3.0 2.2 1.8 1.7 Maturity (years) 19.8 19.1 22.6 19.8 21.2 21.2 22.1 20.9 Grace period (years) 5.6 5.3 7.0 5.8 5.7 5.8 5.9 4.8 Private creditors Interest (%) 7.1 5.6 6.8 5.8 8.5 7.5 4.7 5.8 Maturity (years) 8.2 8.1 10.9 8.4 5.9 7.4 14.4 9.3 Grace period (years) 4.5 6.0 7.8 6.1 5.6 6.4 10.7 9.3 5. Major economic aggregates Gross national income (GNI) 364,785 543,094 626,704 764,364 930,010 924,051 1,013,477 1,104,112 Exports of goods, services & prim. income 117,615 204,061 250,934 295,058 374,548 310,621 322,247 373,284 Personal transfers & comp. of employees 10,460 21,757 23,704 28,899 32,525 30,303 36,489 39,352 Imports of goods, services & prim. income 105,104 196,670 219,743 268,838 343,660 324,863 342,821 375,543 Primary income on FDI 1,721 10,685 11,672 11,376 13,463 13,976 17,349 16,614 International reserves 44,145 138,225 173,687 217,792 260,567 280,516 298,452 267,165 6. Ratios External debt stocks to exports (%) 122.2 73.8 57.7 52.9 39.5 51.5 51.5 44.5 External debt stocks to GNI (%) 39.4 27.7 23.1 20.4 15.9 17.3 16.4 15.0 Debt service to exports (%) 14.4 10.3 12.5 7.0 5.8 5.9 5.3 5.1 Short-term to external debt stocks (%) 16.6 17.8 19.5 20.2 20.0 20.5 22.4 23.0 Multilateral to external debt stocks (%) 16.1 17.2 17.9 19.7 21.0 21.8 21.8 23.0 Reserves to external debt stocks (%) 30.7 91.8 120.1 139.5 176.0 175.4 179.7 160.8 Reserves to imports (months) 5.0 8.4 9.5 9.7 9.1 10.4 10.4 8.5 40 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 116,433 122,189 114,901 123,121 117,081 118,812 120,505 119,765 Public and publicly guaranteed 112,462 115,404 108,230 116,387 110,231 112,463 113,877 112,400 Official creditors 88,103 77,635 70,415 76,825 74,644 78,130 77,939 78,327 Multilateral 23,099 25,955 25,901 30,777 31,142 34,905 36,155 38,189 of which: IBRD 7,664 6,757 6,144 7,447 7,123 8,016 8,532 9,409 IDA 2,685 3,344 3,616 3,795 3,802 3,831 3,751 3,641 Bilateral 65,004 51,679 44,514 46,048 43,502 43,224 41,784 40,138 Private creditors 24,359 37,769 37,815 39,562 35,587 34,334 35,938 34,072 of which: Bonds 7,323 21,519 22,811 24,232 23,577 23,508 26,605 25,968 Commercial banks 8,412 8,751 8,114 9,011 7,552 7,225 6,487 5,978 Private nonguaranteed 3,970 6,785 6,671 6,734 6,850 6,348 6,628 7,365 of which: Bonds 836 1,011 805 530 470 670 500 500 Disbursements 9,218 14,882 12,028 15,034 11,872 13,610 14,851 13,638 Public and publicly guaranteed 7,937 12,962 10,781 13,197 9,664 11,990 13,404 11,958 Official creditors 3,407 5,490 5,112 7,162 6,332 8,138 7,182 7,453 Multilateral 1,942 3,882 3,497 5,563 3,702 5,754 4,900 5,474 of which: IBRD 532 895 739 1,723 684 1,625 1,409 1,738 IDA 118 202 225 145 126 110 84 17 Bilateral 1,465 1,608 1,615 1,600 2,630 2,384 2,282 1,979 Private creditors 4,530 7,472 5,669 6,035 3,332 3,852 6,222 4,505 of which: Bonds 2,031 4,144 3,799 3,635 2,257 2,894 5,502 3,959 Commercial banks 1,092 2,282 1,459 2,081 875 892 696 528 Private nonguaranteed 1,281 1,920 1,247 1,837 2,208 1,620 1,447 1,681 of which: Bonds 115 530 0 0 0 200 0 0 Principal repayments 10,613 14,160 24,752 14,243 16,173 13,247 12,105 13,924 Public and publicly guaranteed 10,377 13,325 23,078 11,808 14,172 10,998 10,248 12,536 Official creditors 5,915 7,856 16,194 5,891 7,945 5,628 5,920 6,448 Multilateral 2,014 3,407 4,763 2,636 2,618 2,352 2,476 2,886 of which: IBRD 869 1,030 1,673 771 986 731 572 704 IDA 45 76 82 90 98 103 108 119 Bilateral 3,901 4,449 11,431 3,256 5,327 3,275 3,444 3,562 Private creditors 4,462 5,470 6,884 5,916 6,227 5,370 4,328 6,088 of which: Bonds 811 1,881 2,808 2,619 3,018 3,020 2,151 4,587 Commercial banks 1,425 1,766 2,473 1,919 1,705 1,314 1,359 840 Private nonguaranteed 237 834 1,675 2,436 2,001 2,250 1,857 1,388 of which: Bonds 50 265 206 275 60 0 170 0 Interest payments 4,888 4,748 4,744 4,728 4,767 4,380 4,270 4,229 Public and publicly guaranteed 4,733 4,457 4,438 4,451 4,500 4,111 4,040 4,014 Official creditors 3,130 2,504 2,277 2,150 2,244 2,036 2,124 1,936 Multilateral 1,305 1,016 1,037 1,096 1,207 1,082 984 1,014 of which: IBRD 602 308 296 329 352 260 161 167 IDA 20 28 27 28 30 28 28 30 Bilateral 1,825 1,487 1,240 1,054 1,038 954 1,140 922 Private creditors 1,603 1,953 2,161 2,301 2,256 2,074 1,916 2,077 of which: Bonds 455 1,312 1,445 1,559 1,590 1,666 1,641 1,844 Commercial banks 569 321 401 432 400 266 192 170 Private nonguaranteed 154 291 306 278 266 270 230 215 of which: Bonds 69 90 74 57 40 43 51 38 40 Non-debt flows (bill US$) 200 Debt ratios (%) 30 150 20 100 10 50 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 41 SOUTH ASIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 162,149 189,345 234,448 289,122 322,667 363,024 403,879 454,138 Long-term external debt 152,899 173,889 202,028 243,633 266,251 292,230 319,639 347,385 Public and publicly guaranteed 134,385 115,858 127,172 144,602 156,200 169,603 188,771 201,453 Private nonguaranteed 18,514 58,031 74,855 99,031 110,051 122,627 130,868 145,931 Use of IMF credit 3,199 3,614 3,752 3,871 6,933 18,663 20,319 20,289 Short-term external debt 6,051 11,842 28,668 41,618 49,484 52,131 63,922 86,465 interest arrears on long-term 112 21 18 36 33 47 100 266 Memorandum items Principal arrears on long-term 221 5 90 150 87 141 159 170 Long-term public sector debt 133,612 115,688 127,025 144,471 156,010 169,404 188,536 201,187 Long-term private sector debt 19,287 58,201 75,002 99,161 110,240 122,826 131,103 146,197 Public & publicly guaranteed commitments 12,817 10,235 12,965 20,650 17,510 22,844 25,108 30,318 External debt flows Disbursements 14,190 24,595 38,828 71,512 49,081 39,209 52,368 51,260 Long-term external debt 13,995 24,339 38,656 71,424 45,638 35,232 50,043 50,806 IMF purchases 195 256 171 88 3,443 3,978 2,325 454 Principal repayments 9,798 22,028 15,140 35,092 27,387 15,507 24,092 26,354 Long-term external debt 9,315 21,753 14,879 34,935 27,119 15,150 23,742 25,934 IMF repurchases 483 275 261 157 268 356 349 419 Net flows 3,454 4,851 40,516 49,352 29,562 26,336 40,013 47,284 Long-term external debt 4,680 2,586 23,777 36,489 18,519 20,081 26,300 24,872 Short-term external debt -938 2,284 16,972 13,078 7,964 2,740 11,777 22,456 Interest payments 5,715 5,726 6,439 9,085 9,065 7,219 7,420 8,981 Long-term external debt 5,277 5,213 5,758 6,942 7,330 6,468 6,452 7,795 IMF charges 116 69 88 78 36 98 170 212 Short-term external debt 323 446 593 2,065 1,700 653 797 973 2. Other non-debt resource inflows Foreign direct investment 4,368 10,883 25,780 32,432 50,839 39,289 30,398 35,728 Portfolio equity 2,518 12,406 10,388 33,970 -15,836 24,118 29,917 -4,807 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.5 7.5 7.1 6.2 5.9 5.0 4.6 Japanese yen 15.3 19.0 18.2 16.8 19.8 18.1 18.7 18.6 Pound sterling 2.8 2.2 1.9 1.5 1.3 1.1 0.9 0.8 Swiss franc 0.3 0.3 0.2 0.2 0.2 0.1 0.1 0.2 U.S.dollars 56.6 54.3 55.7 56.8 55.2 57.9 59.4 60.1 4. Average terms of new commitments Official creditors Interest (%) 5.1 2.0 3.2 3.4 1.9 1.4 1.8 1.0 Maturity (years) 23.2 27.5 27.1 26.4 26.9 25.7 27.8 27.7 Grace period (years) 6.3 7.8 6.4 7.0 6.5 6.6 7.9 4.8 Private creditors Interest (%) 4.3 4.7 4.7 6.7 4.1 4.3 2.9 3.3 Maturity (years) 5.2 6.1 7.9 9.2 9.0 4.1 7.2 7.9 Grace period (years) 4.6 4.1 6.8 4.6 2.7 3.0 4.5 6.3 5. Major economic aggregates Gross national income (GNI) 618,276 1,044,284 1,185,116 1,507,996 1,536,909 1,686,993 2,043,974 2,268,446 Exports of goods, services & prim. income 88,739 201,331 247,985 304,193 380,258 327,876 426,178 526,062 Personal transfers & comp. of employees 17,206 33,909 42,507 54,024 71,615 74,772 81,625 97,534 Imports of goods, services & prim. income 116,954 258,656 315,685 383,362 507,926 436,126 567,694 696,867 Primary income on FDI 721 7,979 11,542 15,236 16,585 16,196 19,082 20,562 International reserves 43,326 149,529 191,528 292,620 268,668 298,764 315,362 310,608 6. Ratios External debt stocks to exports (%) 182.7 94.0 94.5 95.0 84.9 110.7 94.8 86.3 External debt stocks to GNI (%) 26.2 18.1 19.8 19.2 21.0 21.5 19.8 20.0 Debt service to exports (%) 17.5 13.8 8.7 14.5 9.6 6.9 7.4 6.7 Short-term to external debt stocks (%) 3.7 6.3 12.2 14.4 15.3 14.4 15.8 19.0 Multilateral to external debt stocks (%) 37.6 36.5 32.4 28.8 27.6 26.2 24.9 22.9 Reserves to external debt stocks (%) 26.7 79.0 81.7 101.2 83.3 82.3 78.1 68.4 Reserves to imports (months) 4.4 6.9 7.3 9.2 6.3 8.2 6.7 5.3 42 SOUTH ASIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 152,899 173,889 202,028 243,633 266,251 292,230 319,639 347,385 Public and publicly guaranteed 134,385 115,858 127,172 144,602 156,200 169,603 188,771 201,453 Official creditors 101,708 109,134 116,861 127,359 137,872 145,842 156,089 163,418 Multilateral 61,032 69,051 75,924 83,286 88,984 95,037 100,462 104,202 of which: IBRD 10,209 7,514 8,151 8,766 9,376 10,151 12,868 13,134 IDA 31,963 42,193 45,803 48,915 49,529 51,505 51,233 52,821 Bilateral 40,677 40,083 40,936 44,073 48,888 50,806 55,626 59,216 Private creditors 32,677 6,724 10,312 17,243 18,327 23,760 32,682 38,035 of which: Bonds 10,928 2,525 4,178 7,879 7,670 12,671 18,250 21,067 Commercial banks 19,561 3,722 5,452 8,565 9,901 10,404 13,761 16,315 Private nonguaranteed 18,514 58,031 74,855 99,031 110,051 122,627 130,868 145,931 of which: Bonds 1,560 6,461 11,204 16,277 15,682 16,176 13,467 11,111 Disbursements 13,995 24,339 38,656 71,424 45,638 35,232 50,043 50,806 Public and publicly guaranteed 13,409 10,877 14,193 22,200 24,638 17,868 30,695 21,045 Official creditors 6,130 7,295 8,288 9,295 11,237 12,776 13,686 12,850 Multilateral 4,334 5,620 6,244 6,989 7,937 8,787 9,208 7,514 of which: IBRD 866 1,081 1,134 1,178 1,176 1,498 3,395 1,045 IDA 1,655 2,709 2,452 2,572 2,151 2,944 1,944 3,228 Bilateral 1,795 1,675 2,044 2,306 3,300 3,989 4,477 5,336 Private creditors 7,279 3,582 5,905 12,905 13,401 5,092 17,010 8,195 of which: Bonds 5,520 2,314 3,252 8,639 11,507 2,265 12,050 3,028 Commercial banks 927 1,250 2,371 4,129 1,865 2,819 4,932 5,119 Private nonguaranteed 586 13,462 24,463 49,224 21,000 17,363 19,347 29,761 of which: Bonds 0 3,520 4,799 7,793 594 2,473 1,288 737 Principal repayments 9,315 21,753 14,879 34,935 27,119 15,150 23,742 25,934 Public and publicly guaranteed 8,607 14,493 6,985 11,360 16,341 8,715 8,858 10,090 Official creditors 5,351 4,468 4,652 4,818 5,598 5,425 6,038 7,092 Multilateral 2,827 2,160 2,481 2,514 3,079 3,163 3,408 3,853 of which: IBRD 1,231 523 543 631 687 707 726 800 IDA 548 949 1,069 1,112 1,223 1,321 1,349 1,453 Bilateral 2,524 2,308 2,171 2,304 2,519 2,262 2,631 3,238 Private creditors 3,256 10,024 2,334 6,543 10,743 3,290 2,820 2,998 of which: Bonds 50 8,565 1,597 5,313 9,533 1,088 748 200 Commercial banks 2,868 1,262 659 1,188 1,134 2,128 1,998 2,717 Private nonguaranteed 707 7,260 7,894 23,575 10,779 6,435 14,884 15,845 of which: Bonds 35 117 57 409 880 1,779 2,451 2,847 Interest payments 5,277 5,213 5,758 6,942 7,330 6,468 6,452 7,795 Public and publicly guaranteed 4,396 3,940 2,421 2,740 2,947 2,699 2,729 2,661 Official creditors 2,274 1,907 2,062 2,257 2,308 2,154 2,037 2,066 Multilateral 1,366 893 1,133 1,326 1,332 1,091 832 901 of which: IBRD 613 252 387 470 401 266 104 115 IDA 236 342 343 355 388 371 380 419 Bilateral 908 1,014 929 931 976 1,063 1,205 1,164 Private creditors 2,121 2,033 359 483 639 545 692 595 of which: Bonds 210 1,849 154 211 290 259 232 286 Commercial banks 1,805 169 195 262 329 269 241 295 Private nonguaranteed 881 1,272 3,338 4,202 4,383 3,769 3,723 5,134 of which: Bonds 227 151 276 404 345 346 451 870 70 Non-debt flows (bill US$) 200 Debt ratios (%) 60 150 50 40 100 30 20 50 10 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 43 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 213,468 234,431 193,933 218,459 225,322 248,619 271,205 295,598 Long-term external debt 173,198 190,636 141,875 159,647 162,539 183,590 204,243 230,149 Public and publicly guaranteed 161,850 176,096 124,384 131,074 136,965 151,583 161,496 179,583 Private nonguaranteed 11,348 14,540 17,491 28,573 25,574 32,007 42,747 50,566 Use of IMF credit 8,720 8,125 5,433 5,749 6,311 20,039 19,526 20,792 Short-term external debt 31,550 35,670 46,625 53,063 56,472 44,990 47,435 44,657 interest arrears on long-term 13,577 14,290 15,179 14,620 13,657 11,619 11,302 9,006 Memorandum items Principal arrears on long-term 25,501 24,189 24,807 23,028 21,457 19,873 17,620 18,026 Long-term public sector debt 160,943 175,998 124,347 131,048 136,946 151,565 161,485 179,571 Long-term private sector debt 12,255 14,638 17,528 28,600 25,593 32,025 42,758 50,578 Public & publicly guaranteed commitments 8,365 23,932 12,909 19,146 18,396 30,062 32,260 37,318 External debt flows Disbursements 10,161 16,129 13,390 24,094 15,523 22,946 24,408 30,746 Long-term external debt 9,637 15,806 13,093 23,740 14,111 20,323 23,064 29,251 IMF purchases 525 323 298 354 1,413 2,623 1,344 1,495 Principal repayments 9,038 13,251 18,178 12,549 9,856 9,707 8,732 10,224 Long-term external debt 8,579 12,504 17,821 12,253 9,169 9,322 8,583 10,093 IMF repurchases 460 747 357 296 687 385 149 130 Net flows -1,762 6,961 5,279 18,542 10,039 3,787 18,438 20,040 Long-term external debt 1,058 3,302 -4,728 11,487 4,942 11,000 14,481 19,158 Short-term external debt -2,885 4,083 10,066 6,997 4,372 -9,451 2,763 -483 Interest payments 4,535 8,688 5,044 5,986 5,584 4,685 5,481 5,973 Long-term external debt 3,323 7,808 3,907 4,416 3,939 3,655 4,500 5,110 IMF charges 130 93 132 95 513 60 51 30 Short-term external debt 1,082 786 1,006 1,474 1,132 970 930 832 2. Other non-debt resource inflows Foreign direct investment 6,502 19,121 16,114 27,764 39,110 32,496 26,689 41,319 Portfolio equity 4,164 8,079 16,805 10,144 -5,702 10,750 8,075 -1,058 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 19.3 21.8 21.1 18.8 18.9 13.1 11.9 Japanese yen 4.1 3.4 3.2 2.7 3.8 3.1 2.5 2.6 Pound sterling 2.1 4.2 1.7 1.5 1.0 1.1 0.7 0.7 Swiss franc 1.5 1.9 2.4 2.4 2.5 2.5 3.0 3.2 U.S.dollars 61.3 52.3 48.9 49.6 51.3 49.8 48.8 50.8 4. Average terms of new commitments Official creditors Interest (%) 1.1 4.3 1.6 1.5 1.7 1.6 1.8 3.4 Maturity (years) 36.2 21.5 29.1 31.0 29.3 23.9 25.6 22.1 Grace period (years) 9.1 4.5 7.1 7.9 7.8 6.2 6.8 4.1 Private creditors Interest (%) 5.8 5.6 6.8 6.7 4.3 6.0 3.0 4.8 Maturity (years) 7.7 7.2 11.2 8.8 6.7 8.2 13.8 10.8 Grace period (years) 2.1 1.9 4.9 5.3 1.0 4.5 5.6 5.5 5. Major economic aggregates Gross national income (GNI) 320,844 603,628 709,952 813,117 925,474 890,343 1,038,607 1,190,518 Exports of goods, services & prim. income 114,493 237,303 277,029 331,298 400,219 302,705 389,346 472,915 Personal transfers & comp. of employees 4,825 20,547 23,679 26,425 29,849 27,883 29,187 30,889 Imports of goods, services & prim. income 118,957 242,780 288,106 368,970 455,439 375,975 449,758 550,705 Primary income on FDI 7,983 17,737 24,024 39,405 47,150 33,506 45,933 39,459 International reserves 34,337 79,775 111,569 139,692 150,208 152,929 152,197 168,337 6. Ratios External debt stocks to exports (%) 186.4 98.8 70.0 65.9 56.3 82.1 69.7 62.5 External debt stocks to GNI (%) 66.5 38.8 27.3 26.9 24.3 27.9 26.1 24.8 Debt service to exports (%) 11.9 9.2 8.4 5.6 3.9 4.8 3.7 3.4 Short-term to external debt stocks (%) 14.8 15.2 24.0 24.3 25.1 18.1 17.5 15.1 Multilateral to external debt stocks (%) 25.6 31.0 22.3 22.0 22.3 22.1 21.6 21.2 Reserves to external debt stocks (%) 16.1 34.0 57.5 63.9 66.7 61.5 56.1 56.9 Reserves to imports (months) 3.5 3.9 4.6 4.5 4.0 4.9 4.1 3.7 44 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 173,198 190,636 141,875 159,647 162,539 183,590 204,243 230,149 Public and publicly guaranteed 161,850 176,096 124,384 131,074 136,965 151,583 161,496 179,583 Official creditors 135,684 135,625 88,135 93,464 96,612 105,961 105,238 112,262 Multilateral 54,585 72,558 43,210 48,071 50,269 54,836 58,505 62,706 of which: IBRD 3,477 2,015 1,799 1,524 994 900 1,175 1,427 IDA 33,574 48,444 24,187 27,325 29,318 31,612 32,943 34,917 Bilateral 81,098 63,067 44,925 45,393 46,344 51,125 46,733 49,555 Private creditors 26,166 40,471 36,248 37,611 40,353 45,623 56,258 67,321 of which: Bonds 9,150 16,934 15,913 17,684 18,009 22,597 34,327 41,356 Commercial banks 8,439 17,878 15,585 15,941 18,538 18,484 17,206 20,231 Private nonguaranteed 11,348 14,540 17,491 28,573 25,574 32,007 42,747 50,566 of which: Bonds 1,360 1,307 1,484 6,715 6,017 6,049 5,471 7,104 Disbursements 9,637 15,806 13,093 23,740 14,111 20,323 23,064 29,251 Public and publicly guaranteed 7,518 12,546 9,904 16,462 13,130 17,559 19,882 23,800 Official creditors 4,139 6,136 6,537 7,744 8,048 11,064 15,137 13,773 Multilateral 3,355 4,758 4,548 4,978 5,012 7,130 7,517 7,235 of which: IBRD 75 14 1 31 45 113 405 330 IDA 2,193 2,943 2,749 2,987 2,898 3,444 3,943 3,408 Bilateral 784 1,378 1,989 2,766 3,036 3,934 7,620 6,538 Private creditors 3,379 6,410 3,367 8,718 5,082 6,495 4,745 10,027 of which: Bonds 765 0 2,076 3,525 0 2,200 2,000 4,510 Commercial banks 1,752 6,134 850 4,935 4,743 3,014 1,841 5,158 Private nonguaranteed 2,119 3,260 3,189 7,278 980 2,764 3,182 5,451 of which: Bonds 712 1,307 0 5,587 0 0 0 1,733 Principal repayments 8,579 12,504 17,821 12,253 9,169 9,322 8,583 10,093 Public and publicly guaranteed 7,181 11,797 15,310 10,241 7,262 7,918 6,478 7,202 Official creditors 3,440 6,593 8,162 5,152 3,740 3,352 2,991 3,705 Multilateral 1,630 1,549 1,545 1,731 1,989 1,764 1,272 1,476 of which: IBRD 552 286 284 406 620 202 123 75 IDA 225 248 238 195 463 266 255 434 Bilateral 1,811 5,044 6,617 3,421 1,751 1,589 1,719 2,229 Private creditors 3,741 5,205 7,148 5,089 3,522 4,566 3,487 3,497 of which: Bonds 502 1,091 2,832 175 890 250 23 104 Commercial banks 2,444 3,529 3,176 3,862 2,188 3,844 3,041 2,984 Private nonguaranteed 1,398 706 2,511 2,012 1,907 1,405 2,105 2,891 of which: Bonds 0 0 0 1,390 698 0 578 100 Interest payments 3,323 7,808 3,907 4,416 3,939 3,655 4,500 5,110 Public and publicly guaranteed 2,918 7,456 3,469 3,875 3,382 3,073 3,027 3,601 Official creditors 1,826 5,856 1,396 2,063 1,646 1,523 1,135 1,220 Multilateral 844 758 691 1,054 924 860 615 700 of which: IBRD 213 53 47 339 109 22 19 9 IDA 199 313 240 179 277 196 204 250 Bilateral 983 5,098 705 1,010 721 663 520 520 Private creditors 1,092 1,600 2,073 1,812 1,737 1,550 1,892 2,381 of which: Bonds 564 992 1,039 903 1,048 1,060 1,664 2,115 Commercial banks 303 424 779 751 550 396 171 207 Private nonguaranteed 405 352 438 541 556 582 1,473 1,509 of which: Bonds 41 61 89 132 241 241 1,027 1,127 50 Non-debt flows (bill US$) 200 Debt ratios (%) 40 150 30 100 20 50 10 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 45 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 111,562 120,288 101,973 110,998 117,392 127,184 125,155 133,292 Long-term external debt 94,772 104,748 86,292 93,336 98,883 104,098 102,173 108,530 Public and publicly guaranteed 92,225 103,939 85,355 92,085 96,005 101,076 98,241 103,019 Private nonguaranteed 2,546 809 937 1,251 2,878 3,022 3,933 5,511 Use of IMF credit 5,231 5,598 4,159 4,537 5,402 11,949 10,735 11,222 Short-term external debt 11,560 9,942 11,523 13,124 13,108 11,137 12,246 13,540 interest arrears on long-term 7,795 7,105 7,538 7,578 6,635 5,659 5,467 5,170 Memorandum items Principal arrears on long-term 15,806 13,987 14,658 14,241 13,211 14,170 13,124 12,423 Long-term public sector debt 91,928 103,778 85,246 91,960 95,880 100,942 98,092 102,870 Long-term private sector debt 2,843 970 1,046 1,376 3,003 3,155 4,081 5,660 Public & publicly guaranteed commitments 4,323 6,390 8,089 9,415 9,746 11,090 14,557 15,299 External debt flows Disbursements 4,110 5,680 5,913 6,679 9,669 11,540 11,485 12,778 Long-term external debt 3,713 5,277 5,588 6,293 8,056 10,036 10,707 12,012 IMF purchases 397 402 324 386 1,613 1,505 779 766 Principal repayments 2,445 2,525 2,202 2,700 3,034 3,091 4,330 4,713 Long-term external debt 2,045 2,059 1,939 2,490 2,425 2,797 4,137 4,488 IMF repurchases 400 466 264 210 609 293 194 225 Net flows 1,264 2,354 4,858 5,541 7,561 7,455 8,456 9,656 Long-term external debt 1,669 3,219 3,649 3,803 5,631 7,238 6,570 7,524 Short-term external debt -402 -801 1,291 1,708 1,022 -889 1,341 1,669 Interest payments 1,185 1,057 1,127 1,647 1,836 1,201 1,142 1,280 Long-term external debt 848 867 854 1,354 1,177 1,062 1,013 1,139 IMF charges 88 56 90 59 507 46 26 10 Short-term external debt 251 136 183 233 152 93 103 131 2. Other non-debt resource inflows Foreign direct investment 2,465 5,422 5,311 9,507 11,366 9,344 14,674 17,008 Portfolio equity 0 45 67 137 -26 7 -35 124 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.6 10.8 11.1 9.8 9.3 6.6 6.2 Japanese yen 10.6 9.1 10.4 9.7 10.2 9.4 9.7 10.0 Pound sterling 2.2 1.7 1.4 1.3 1.0 1.0 0.9 0.8 Swiss franc 0.7 0.6 0.7 0.5 0.3 0.3 0.2 0.1 U.S.dollars 51.3 54.3 50.2 50.5 50.9 51.1 50.9 50.8 4. Average terms of new commitments Official creditors Interest (%) 1.2 1.3 1.6 1.5 1.4 1.7 1.1 1.1 Maturity (years) 36.2 34.3 34.5 34.8 33.8 30.4 32.6 32.1 Grace period (years) 9.3 8.5 8.8 8.9 8.9 8.0 9.2 5.3 Private creditors Interest (%) 5.2 4.0 6.3 4.2 4.1 4.0 1.8 2.8 Maturity (years) 11.5 14.2 16.6 10.9 7.8 9.3 17.6 10.0 Grace period (years) 3.2 3.6 3.2 2.5 2.7 2.9 3.9 1.7 5. Major economic aggregates Gross national income (GNI) 162,381 235,456 258,394 304,665 360,670 386,010 419,322 463,930 Exports of goods, services & prim. income 32,417 54,921 66,297 81,478 98,544 88,713 108,926 130,250 Personal transfers & comp. of employees 4,078 9,469 12,132 15,250 20,628 21,318 23,335 26,986 Imports of goods, services & prim. income 46,129 79,609 92,852 116,248 148,634 136,723 162,406 195,100 Primary income on FDI 650 3,679 3,767 4,738 5,310 5,233 5,370 2,812 International reserves 10,446 18,828 23,974 33,536 38,038 52,572 54,110 55,627 6. Ratios External debt stocks to exports (%) 344.1 219.0 153.8 136.2 119.1 143.4 114.9 102.3 External debt stocks to GNI (%) 68.7 51.1 39.5 36.4 32.5 32.9 29.8 28.7 Debt service to exports (%) 11.2 6.5 5.0 5.3 4.9 4.8 5.0 4.6 Short-term to external debt stocks (%) 10.4 8.3 11.3 11.8 11.2 8.8 9.8 10.2 Multilateral to external debt stocks (%) 45.5 58.2 50.3 51.2 51.3 49.8 51.9 49.9 Reserves to external debt stocks (%) 9.4 15.7 23.5 30.2 32.4 41.3 43.2 41.7 Reserves to imports (months) 2.7 2.8 3.1 3.5 3.1 4.6 4.0 3.4 46 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 94,772 104,748 86,292 93,336 98,883 104,098 102,173 108,530 Public and publicly guaranteed 92,225 103,939 85,355 92,085 96,005 101,076 98,241 103,019 Official creditors 88,852 100,526 82,011 88,697 92,850 96,999 94,290 98,454 Multilateral 50,745 70,043 51,282 56,833 60,224 63,361 65,003 66,578 of which: IBRD 718 618 622 480 464 463 463 463 IDA 32,046 46,327 30,385 33,522 35,390 36,398 36,330 37,192 Bilateral 38,108 30,484 30,729 31,865 32,626 33,638 29,287 31,876 Private creditors 3,373 3,413 3,344 3,388 3,155 4,077 3,951 4,565 of which: Bonds 7 1 1 0 0 0 0 0 Commercial banks 1,659 1,649 1,604 1,636 1,570 1,415 1,127 1,967 Private nonguaranteed 2,546 809 937 1,251 2,878 3,022 3,933 5,511 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 3,713 5,277 5,588 6,293 8,056 10,036 10,707 12,012 Public and publicly guaranteed 3,658 5,219 5,405 6,000 7,136 9,258 8,454 9,248 Official creditors 3,475 5,017 5,368 5,974 7,084 8,124 7,571 8,216 Multilateral 3,013 4,436 4,290 4,862 5,346 6,137 5,338 4,920 of which: IBRD 19 1 0 0 0 0 0 0 IDA 1,982 2,752 2,410 2,897 2,947 2,806 2,702 2,419 Bilateral 462 580 1,078 1,112 1,738 1,987 2,233 3,295 Private creditors 183 203 37 26 52 1,134 883 1,032 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 108 71 17 5 2 3 381 932 Private nonguaranteed 55 58 183 293 920 778 2,253 2,764 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 2,045 2,059 1,939 2,490 2,425 2,797 4,137 4,488 Public and publicly guaranteed 1,822 1,945 1,886 2,352 2,119 2,109 2,697 2,604 Official creditors 1,583 1,798 1,728 2,265 2,031 1,992 1,987 2,373 Multilateral 820 1,113 1,165 1,460 1,339 1,261 1,271 1,528 of which: IBRD 106 5 5 167 26 0 0 0 IDA 270 376 407 393 590 487 507 604 Bilateral 763 684 563 805 691 732 716 846 Private creditors 239 147 158 87 89 117 709 230 of which: Bonds 0 1 0 0 0 0 0 0 Commercial banks 129 83 76 19 26 38 590 62 Private nonguaranteed 223 114 53 138 306 689 1,440 1,884 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 848 867 854 1,354 1,177 1,062 1,013 1,139 Public and publicly guaranteed 752 849 843 1,341 1,139 993 900 1,031 Official creditors 687 826 810 1,316 1,119 971 869 985 Multilateral 437 613 584 964 750 630 612 677 of which: IBRD 36 2 2 294 1 0 0 0 IDA 196 320 275 229 276 241 236 277 Bilateral 250 213 226 352 369 341 257 308 Private creditors 65 23 32 24 21 21 31 46 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 36 8 9 5 3 6 14 16 Private nonguaranteed 96 17 12 14 38 69 113 108 of which: Bonds 0 0 0 0 0 0 0 0 20 Non-debt flows (bill US$) 350 Debt ratios (%) 300 15 250 200 10 150 100 5 50 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 47 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,025,479 2,456,915 2,699,540 3,310,964 3,560,582 3,795,433 4,287,079 4,742,750 Long-term external debt 1,669,501 1,888,434 2,063,841 2,476,833 2,735,191 2,860,386 3,089,611 3,360,885 Public and publicly guaranteed 1,181,151 1,204,545 1,208,911 1,303,162 1,347,386 1,478,486 1,575,700 1,670,227 Private nonguaranteed 488,350 683,889 854,930 1,173,671 1,387,805 1,381,900 1,513,911 1,690,658 Use of IMF credit 74,140 66,752 40,127 36,675 45,335 136,320 147,401 146,882 Short-term external debt 281,839 501,728 595,572 797,456 780,056 798,728 1,050,067 1,234,983 interest arrears on long-term 24,065 21,597 18,820 20,421 21,189 21,135 16,264 13,535 Memorandum items Principal arrears on long-term 44,982 32,577 30,583 32,547 35,043 36,006 27,177 28,960 Long-term public sector debt 1,175,558 1,200,095 1,204,691 1,298,400 1,341,832 1,466,979 1,563,367 1,658,119 Long-term private sector debt 493,943 688,339 859,150 1,178,433 1,393,358 1,393,407 1,526,244 1,702,766 Public & publicly guaranteed commitments 141,578 166,511 142,571 186,527 176,671 255,897 281,741 261,360 External debt flows Disbursements 234,424 376,167 477,835 645,644 637,266 528,621 662,363 709,435 Long-term external debt 224,706 372,608 474,046 644,016 624,272 501,508 646,271 705,875 IMF purchases 9,717 3,559 3,789 1,628 12,994 27,113 16,092 3,561 Principal repayments 221,004 325,584 379,320 363,151 397,501 395,214 418,796 442,202 Long-term external debt 200,802 281,928 348,764 356,206 394,311 393,664 415,968 438,622 IMF repurchases 20,203 43,656 30,556 6,945 3,191 1,550 2,829 3,579 Net flows 7,997 136,487 195,136 482,231 221,597 152,124 499,777 454,879 Long-term external debt 23,905 90,680 125,282 287,810 229,962 107,844 230,304 267,252 Short-term external debt -5,422 85,904 96,621 199,738 -18,168 18,717 256,210 187,645 Interest payments 112,844 103,252 116,348 135,789 136,841 120,956 151,643 172,543 Long-term external debt 93,234 82,452 91,724 106,650 115,583 106,679 109,427 126,296 IMF charges 3,706 3,939 2,513 1,512 681 744 1,260 1,450 Short-term external debt 15,904 16,860 22,111 27,626 20,577 13,532 40,956 44,796 2. Other non-debt resource inflows Foreign direct investment 146,043 301,183 392,662 549,916 625,568 418,530 568,008 627,388 Portfolio equity 13,948 67,646 107,630 132,767 -53,601 114,178 120,226 -2,362 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 14.6 14.6 15.1 13.8 14.4 13.0 12.0 Japanese yen 12.2 10.0 9.5 8.7 10.4 9.5 10.1 9.8 Pound sterling 0.9 1.0 0.7 0.5 0.3 0.4 0.4 0.4 Swiss franc 0.4 0.5 0.6 0.6 0.5 0.5 0.4 0.4 U.S.dollars 62.5 65.4 66.3 66.3 66.7 67.0 66.8 67.5 4. Average terms of new commitments Official creditors Interest (%) 5.1 3.8 4.2 3.9 2.9 2.0 2.0 2.3 Maturity (years) 18.7 20.8 21.7 21.6 22.3 20.5 22.4 21.9 Grace period (years) 4.7 5.3 6.0 6.2 6.3 6.2 6.7 5.5 Private creditors Interest (%) 8.1 5.9 6.0 5.9 5.6 5.5 4.4 5.0 Maturity (years) 11.4 13.6 12.9 13.9 13.4 14.5 16.9 19.0 Grace period (years) 8.5 8.1 9.3 8.2 7.4 7.1 8.1 9.4 5. Major economic aggregates Gross national income (GNI) 5,482,664 9,177,232 10,931,087 13,591,887 16,286,556 15,844,824 19,034,476 22,221,880 Exports of goods, services & prim. income 1,624,742 3,134,591 3,834,318 4,675,882 5,661,018 4,528,547 5,673,051 6,909,606 Personal transfers & comp. of employees 73,647 170,566 201,465 244,446 280,409 263,664 292,315 328,050 Imports of goods, services & prim. income 1,661,498 3,071,896 3,655,665 4,508,759 5,535,348 4,532,450 5,774,165 7,064,934 Primary income on FDI 67,319 193,616 253,055 323,641 375,545 333,655 454,059 482,800 International reserves 601,808 1,901,699 2,521,619 3,579,875 4,024,228 4,641,782 5,342,254 5,832,746 6. Ratios External debt stocks to exports (%) 124.7 78.4 70.4 70.8 62.9 83.8 75.6 68.6 External debt stocks to GNI (%) 36.9 26.8 24.7 24.4 21.9 24.0 22.5 21.3 Debt service to exports (%) 20.5 13.7 13.0 10.7 9.4 11.4 10.1 8.9 Short-term to external debt stocks (%) 13.9 20.4 22.1 24.1 21.9 21.0 24.5 26.0 Multilateral to external debt stocks (%) 13.7 12.3 11.0 9.6 9.4 10.1 9.8 9.2 Reserves to external debt stocks (%) 29.7 77.4 93.4 108.1 113.0 122.3 124.6 123.0 Reserves to imports (months) 4.3 7.4 8.3 9.5 8.7 12.3 11.1 9.9 48 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,669,501 1,888,434 2,063,841 2,476,833 2,735,191 2,860,386 3,089,611 3,360,885 Public and publicly guaranteed 1,181,151 1,204,545 1,208,911 1,303,162 1,347,386 1,478,486 1,575,700 1,670,227 Official creditors 663,288 614,948 555,232 580,016 618,750 679,619 731,841 755,311 Multilateral 276,634 303,336 297,270 317,599 335,487 381,473 421,298 438,696 of which: IBRD 107,600 95,739 91,751 93,158 96,219 108,220 124,356 125,681 IDA 54,748 74,749 68,618 74,152 75,878 80,568 82,271 84,657 Bilateral 386,653 311,613 257,962 262,417 283,263 298,146 310,543 316,615 Private creditors 517,863 589,597 653,679 723,147 728,636 798,866 843,859 914,916 of which: Bonds 325,978 406,087 418,846 456,959 459,020 484,281 543,900 605,036 Commercial banks 125,334 124,243 164,337 192,605 185,653 196,237 197,626 192,921 Private nonguaranteed 488,350 683,889 854,930 1,173,671 1,387,805 1,381,900 1,513,911 1,690,658 of which: Bonds 89,492 136,425 169,586 209,347 177,106 199,588 255,395 281,045 Disbursements 224,706 372,608 474,046 644,016 624,272 501,508 646,271 705,875 Public and publicly guaranteed 133,599 150,031 160,660 189,746 167,038 213,378 276,881 234,996 Official creditors 48,947 41,031 49,387 54,170 62,344 92,754 100,946 80,902 Multilateral 31,300 29,751 35,784 38,931 42,475 66,516 67,113 53,317 of which: IBRD 12,950 9,179 11,932 10,496 13,605 22,701 26,246 17,320 IDA 3,238 4,455 4,361 4,461 3,917 5,907 4,987 6,015 Bilateral 17,647 11,280 13,604 15,238 19,869 26,238 33,833 27,585 Private creditors 84,652 109,000 111,273 135,576 104,694 120,623 175,935 154,094 of which: Bonds 55,640 64,447 60,279 74,358 63,995 70,846 103,490 96,441 Commercial banks 17,993 31,749 37,394 47,912 29,713 24,878 47,366 34,209 Private nonguaranteed 91,108 222,577 313,385 454,270 457,234 288,130 369,390 470,878 of which: Bonds 10,810 40,581 50,403 63,302 12,902 39,207 78,669 91,448 Principal repayments 200,802 281,928 348,764 356,206 394,311 393,664 415,968 438,622 Public and publicly guaranteed 102,808 144,100 188,628 135,791 146,203 125,552 137,822 140,796 Official creditors 46,071 68,350 95,203 51,114 47,783 44,661 47,171 57,299 Multilateral 21,899 25,532 35,258 24,994 25,622 24,272 24,613 33,103 of which: IBRD 9,312 12,124 17,182 10,697 10,919 10,858 9,160 15,244 IDA 678 1,245 1,372 1,443 1,706 1,765 1,835 3,305 Bilateral 24,171 42,817 59,945 26,119 22,162 20,389 22,558 24,197 Private creditors 56,737 75,750 93,425 84,677 98,420 80,890 90,651 83,497 of which: Bonds 22,293 44,639 59,137 50,220 54,530 31,859 34,577 36,917 Commercial banks 23,135 22,328 24,919 24,686 34,185 34,785 41,262 36,489 Private nonguaranteed 97,994 137,828 160,136 220,415 248,108 268,112 278,145 297,826 of which: Bonds 15,032 15,063 17,980 20,499 30,970 17,153 17,925 27,165 Interest payments 93,234 82,452 91,724 106,650 115,583 106,679 109,427 126,296 Public and publicly guaranteed 62,668 59,775 55,213 59,739 58,188 53,996 55,260 58,950 Official creditors 25,272 23,059 18,875 18,879 17,883 15,978 15,703 16,135 Multilateral 14,782 9,929 11,059 11,901 11,561 9,902 8,299 8,908 of which: IBRD 7,420 4,017 4,780 5,140 4,575 3,431 2,263 2,320 IDA 382 577 536 529 632 558 588 662 Bilateral 10,490 13,130 7,815 6,978 6,322 6,076 7,403 7,227 Private creditors 37,395 36,715 36,338 40,860 40,305 38,019 39,557 42,815 of which: Bonds 25,105 30,308 28,841 31,707 30,675 29,165 31,482 36,460 Commercial banks 8,641 4,872 5,979 6,388 6,465 5,867 4,139 4,402 Private nonguaranteed 30,567 22,678 36,511 46,911 57,395 52,683 54,167 67,346 of which: Bonds 7,776 7,994 12,488 13,461 11,346 11,788 14,099 19,524 750 Non-debt flows (bill US$) 150 Debt ratios (%) 500 100 250 50 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011 Foreign direct investment Portfolio equity flows Debt to exports Reserves to debt 49 . Country Tables 51 AFGHANISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks .. .. 969 2,013 2,134 2,470 2,423 2,623 Long-term external debt .. .. 911 1,893 1,985 2,097 1,966 2,023 Public and publicly guaranteed .. .. 911 1,893 1,985 2,097 1,966 2,023 Private nonguaranteed .. .. 0 0 0 0 0 0 Use of IMF credit 0 0 40 99 131 353 355 373 Short-term external debt .. .. 18 21 17 20 102 228 interest arrears on long-term .. .. 18 21 17 20 67 210 Memorandum items Principal arrears on long-term .. .. 87 89 56 54 54 54 Long-term public sector debt .. .. 910 1,893 1,985 2,097 1,966 2,023 Long-term private sector debt .. .. 0 0 0 0 0 0 Public & publicly guaranteed commitments .. .. 130 37 58 0 0 0 External debt flows Disbursements .. .. 146 202 132 126 85 81 Long-term external debt .. .. 146 147 96 109 76 62 IMF purchases 0 0 0 55 36 17 9 19 Principal repayments .. .. 3 1 1 3 1 1 Long-term external debt .. .. 3 1 1 3 1 1 IMF repurchases 0 0 0 0 0 0 0 0 Net flows .. .. 143 201 131 123 119 63 Long-term external debt .. .. 143 146 95 106 75 61 Short-term external debt .. .. 143 146 95 106 75 61 Interest payments .. .. 7 5 7 8 9 10 Long-term external debt .. .. 6 3 6 7 7 9 IMF charges 2 1 2 2 1 1 1 0 Short-term external debt .. .. 0 0 0 0 1 1 2. Other non-debt resource inflows Foreign direct investment .. .. 238 189 94 76 211 83 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. .. 2.8 1.4 0.0 0.0 0.0 0.0 Swiss franc .. .. 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. .. 71.9 81.9 82.6 79.9 75.3 73.7 4. Average terms of new commitments Official creditors Interest (%) .. .. 1.2 1.4 0.5 0.0 0.0 0.0 Maturity (years) .. .. 39.8 31.6 34.6 0.0 0.0 0.0 Grace period (years) .. .. 10.3 8.1 10.0 0.0 0.0 0.0 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 (years) .. .. 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. .. 8,209 10,150 10,810 12,578 15,162 .. Exports of goods, services & prim. income .. .. .. .. .. .. .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. .. .. .. .. .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves .. .. .. .. 2,431 3,501 4,174 5,268 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) .. .. 11.8 19.8 19.7 19.6 16.0 .. Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) .. .. 1.9 1.0 0.8 0.8 4.2 8.7 Multilateral to external debt stocks (%) .. .. 67.4 40.7 42.3 41.2 41.9 40.9 Reserves to external debt stocks (%) .. .. .. .. 113.9 141.8 172.3 200.8 Reserves to imports (months) .. .. .. .. .. .. .. .. 52 AFGHANISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed .. .. 911 1,893 1,985 2,097 1,966 2,023 Public and publicly guaranteed .. .. 911 1,893 1,985 2,097 1,966 2,023 Official creditors .. .. 910 1,893 1,985 2,097 1,966 2,023 Multilateral .. .. 654 819 904 1,017 1,016 1,073 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 294 343 399 438 466 406 413 Bilateral .. .. 257 1,074 1,081 1,080 950 950 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 .. .. 0 0 0 0 0 0 of which: Bonds .. .. 0 0 0 0 0 0 Disbursements .. .. 146 147 96 109 76 62 Public and publicly guaranteed .. .. 146 147 96 109 76 62 Official creditors .. .. 146 147 96 109 76 62 Multilateral .. .. 107 140 96 109 76 62 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 84 39 44 44 27 8 8 Bilateral .. .. 40 7 1 0 0 0 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 .. .. 0 0 0 0 0 0 of which: Bonds .. .. 0 0 0 0 0 0 Principal repayments .. .. 3 1 1 3 1 1 Public and publicly guaranteed .. .. 3 1 1 3 1 1 Official creditors .. .. 3 1 1 3 1 1 Multilateral .. .. 3 1 1 1 1 1 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 3 3 0 0 0 0 0 Bilateral .. .. 0 0 0 2 0 0 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 .. .. 0 0 0 0 0 0 of which: Bonds .. .. 0 0 0 0 0 0 Interest payments .. .. 6 3 6 7 7 9 Public and publicly guaranteed .. .. 6 3 6 7 7 9 Official creditors .. .. 6 3 6 7 7 9 Multilateral .. .. 6 3 6 7 7 9 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 3 3 0 2 2 2 2 Bilateral .. .. 0 0 0 0 0 0 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 .. .. 0 0 0 0 0 0 of which: Bonds .. .. 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. 232 1,044 121 336 -47 200 Net flows on external debt .. .. 143 201 131 123 119 63 9. Debt restructurings Total amount rescheduled .. .. 95 842 52 1 0 0 Total amount forgiven .. .. 0 21 52 4 204 1 Debt buyback .. .. 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 23 34 89 98 102 94 85 86 Interest 18 17 59 56 54 50 47 44 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreements signed in 2010 and MDRI and HIPC debt relief. 53 ALBANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,123 2,101 2,466 2,899 3,940 4,661 4,877 5,938 Long-term external debt 937 1,788 1,917 2,225 2,858 3,682 4,175 4,930 Public and publicly guaranteed 921 1,375 1,579 1,790 2,220 2,799 3,140 3,198 Private nonguaranteed 16 413 339 435 638 884 1,035 1,732 Use of IMF credit 148 158 162 163 152 144 129 117 Short-term external debt 37 155 386 511 930 835 573 890 interest arrears on long-term 3 1 1 1 0 0 0 0 Memorandum items Principal arrears on long-term 271 16 16 17 1 0 0 0 Long-term public sector debt 920 1,375 1,579 1,790 2,220 2,799 3,140 3,198 Long-term private sector debt 17 413 339 435 638 884 1,035 1,732 Public & publicly guaranteed commitments 176 224 311 280 610 544 633 426 External debt flows Disbursements 138 501 188 299 794 730 859 757 Long-term external debt 119 489 180 291 786 726 859 757 IMF purchases 19 12 7 7 8 4 0 0 Principal repayments 16 50 153 89 90 126 224 257 Long-term external debt 9 41 142 74 74 112 212 245 IMF repurchases 7 9 11 14 15 14 12 12 Net flows 130 605 266 334 1,125 509 373 816 Long-term external debt 110 448 38 217 712 613 647 512 Short-term external debt 8 154 231 124 420 -95 -262 317 Interest payments 14 31 48 62 67 89 82 125 Long-term external debt 8 25 28 33 48 77 74 115 IMF charges 4 3 3 3 1 1 0 0 Short-term external debt 2 4 17 26 17 11 8 10 2. Other non-debt resource inflows Foreign direct investment 143 262 325 652 1,241 1,343 1,089 1,363 Portfolio equity .. .. .. .. 23 -4 7 2 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 28.4 31.4 35.4 47.4 55.0 59.5 58.9 Japanese yen 3.2 3.9 3.4 3.0 2.8 2.1 2.1 2.1 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 72.5 57.6 54.2 50.3 39.5 33.1 28.7 29.0 4. Average terms of new commitments Official creditors Interest (%) 3.5 2.0 3.4 4.3 1.8 3.0 3.7 1.3 Maturity (years) 30.1 19.5 20.2 20.7 28.3 19.3 16.6 17.3 Grace period (years) 10.7 6.7 6.6 5.3 8.3 5.8 4.1 3.1 Private creditors Interest (%) 1.4 0.0 0.3 5.3 6.2 11.0 7.0 0.0 Maturity (years) 24.4 0.0 29.9 11.2 15.4 3.3 5.8 8.7 Grace period (years) 13.4 0.0 18.8 1.7 6.0 3.0 4.8 4.2 5. Major economic aggregates Gross national income (GNI) 3,790 8,541 9,386 11,006 13,135 12,009 11,754 12,900 Exports of goods, services & prim. income 819 1,687 2,202 2,847 3,751 3,439 3,704 4,099 Personal transfers & comp. of employees 598 1,290 1,359 1,468 1,495 1,318 1,156 1,162 Imports of goods, services & prim. income 1,509 3,553 4,142 5,429 7,149 6,598 6,280 6,999 Primary income on FDI 0 2 5 9 301 448 381 114 Current account balance -156 -571 -671 -1,151 -2,018 -1,851 -1,353 -1,595 International reserves 616 1,404 1,769 2,104 2,320 2,314 2,470 2,394 6. Ratios External debt stocks to exports (%) 137.0 124.5 112.0 101.8 105.0 135.5 131.7 144.9 External debt stocks to GNI (%) 29.6 24.6 26.3 26.3 30.0 38.8 41.5 46.0 Debt service to exports (%) 3.7 4.8 9.2 5.3 4.2 6.3 8.3 9.3 Short-term to external debt stocks (%) 3.3 7.4 15.7 17.6 23.6 17.9 11.8 15.0 Multilateral to external debt stocks (%) 38.0 41.1 40.9 40.6 32.8 31.5 31.2 28.0 Reserves to external debt stocks (%) 54.8 66.8 71.7 72.6 58.9 49.6 50.6 40.3 Reserves to imports (months) 4.9 4.7 5.1 4.7 3.9 4.2 4.7 4.1 54 ALBANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 937 1,788 1,917 2,225 2,858 3,682 4,175 4,930 Public and publicly guaranteed 921 1,375 1,579 1,790 2,220 2,799 3,140 3,198 Official creditors 895 1,343 1,545 1,758 1,869 2,124 2,152 2,286 Multilateral 426 864 1,009 1,176 1,292 1,466 1,520 1,661 of which: IBRD 0 0 0 6 17 24 26 51 IDA 346 655 729 803 817 849 850 859 Bilateral 469 478 535 583 577 657 632 625 Private creditors 26 32 34 32 351 675 988 912 of which: Bonds 0 0 0 0 0 0 401 388 Commercial banks 4 10 10 11 336 640 511 418 Private nonguaranteed 16 413 339 435 638 884 1,035 1,732 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 119 489 180 291 786 726 859 757 Public and publicly guaranteed 119 119 168 165 566 559 631 328 Official creditors 119 119 168 163 210 256 184 283 Multilateral 101 85 115 131 172 191 149 236 of which: IBRD 0 0 0 5 12 7 3 29 IDA 64 34 46 48 27 34 26 24 Bilateral 18 34 53 32 38 66 35 47 Private creditors 0 0 0 1 356 303 447 44 of which: Bonds 0 0 0 0 0 0 398 0 Commercial banks 0 0 0 0 345 284 6 9 Private nonguaranteed 0 370 12 127 220 167 228 429 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 9 41 142 74 74 112 212 245 Public and publicly guaranteed 9 40 57 55 58 80 174 204 Official creditors 8 38 53 51 56 78 87 112 Multilateral 2 18 23 26 27 40 46 68 of which: IBRD 0 0 0 0 0 0 0 2 IDA 0 4 5 6 7 9 11 12 Bilateral 6 21 30 25 29 39 41 44 Private creditors 1 1 4 5 1 2 88 92 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 1 1 1 1 88 92 Private nonguaranteed 0 1 85 19 17 32 38 41 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 8 25 28 33 48 77 74 115 Public and publicly guaranteed 7 23 25 31 44 69 65 106 Official creditors 7 23 25 31 35 35 31 37 Multilateral 4 14 14 18 24 24 22 28 of which: IBRD 0 0 0 0 1 1 0 1 IDA 2 5 6 6 6 6 6 7 Bilateral 3 9 11 13 11 11 9 9 Private creditors 0 0 0 0 9 34 34 69 of which: Bonds 0 0 0 0 0 0 0 31 Commercial banks 0 0 0 0 9 34 34 38 Private nonguaranteed 1 1 3 2 5 8 8 8 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 349 494 365 433 1,041 722 216 1,060 Net flows on external debt 130 605 266 334 1,125 509 373 816 9. Debt restructurings Total amount rescheduled 28 10 9 0 8 41 0 0 Total amount forgiven 0 0 2 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 133 151 169 197 186 191 194 181 Interest 43 47 47 46 43 39 35 31 Private creditors Principal 631 324 294 626 201 168 168 39 Interest 53 50 46 43 11 8 6 5 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. 55 ALGERIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 25,449 17,057 5,875 6,098 6,210 7,368 7,211 6,072 Long-term external debt 23,342 16,357 5,140 5,145 4,708 3,998 3,588 3,091 Public and publicly guaranteed 23,342 15,491 3,836 3,996 3,265 3,016 2,620 2,213 Private nonguaranteed 0 866 1,304 1,148 1,444 982 968 878 Use of IMF credit 1,886 184 194 203 198 1,878 1,845 1,840 Short-term external debt 222 516 541 750 1,304 1,492 1,778 1,142 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 23,220 15,317 3,776 3,774 3,069 2,828 2,471 2,086 Long-term private sector debt 122 1,040 1,364 1,371 1,640 1,170 1,117 1,005 Public & publicly guaranteed commitments 1,419 470 220 154 26 5 0 0 External debt flows Disbursements 1,215 1,239 816 623 673 208 40 29 Long-term external debt 1,215 1,239 816 623 673 208 40 29 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,813 5,057 12,788 1,134 1,056 907 554 531 Long-term external debt 2,721 4,446 12,788 1,134 1,056 907 554 531 IMF repurchases 93 612 0 0 0 0 0 0 Net flows -1,572 -3,733 -11,947 -302 171 -510 -228 -1,139 Long-term external debt -1,506 -3,207 -11,972 -511 -383 -699 -514 -502 Short-term external debt 27 85 25 209 554 189 286 -637 Interest payments 1,662 927 634 231 193 145 118 103 Long-term external debt 1,552 888 610 202 160 122 94 79 IMF charges 100 24 9 7 2 4 6 2 Short-term external debt 10 15 15 22 31 18 18 21 2. Other non-debt resource inflows Foreign direct investment 280 1,156 1,841 1,834 2,675 3,053 2,331 2,721 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 40.5 58.9 60.1 59.6 60.6 58.3 59.3 Japanese yen 14.5 8.2 6.2 4.7 5.1 4.3 4.7 0.9 Pound sterling 1.0 1.4 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.5 0.8 0.1 0.1 0.0 0.0 0.0 0.0 U.S.dollars 44.7 40.9 29.4 28.8 29.5 29.3 30.5 32.9 4. Average terms of new commitments Official creditors Interest (%) 6.2 3.1 0.6 1.2 0.0 2.0 0.0 0.0 Maturity (years) 15.0 13.8 18.4 16.4 0.0 21.8 0.0 0.0 Grace period (years) 4.1 3.9 3.9 7.2 0.0 6.7 0.0 0.0 Private creditors Interest (%) 6.2 0.8 3.5 3.1 3.8 0.0 0.0 0.0 Maturity (years) 7.4 11.2 12.0 6.9 4.8 0.0 0.0 0.0 Grace period (years) 1.9 4.0 3.1 2.7 4.8 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 52,080 97,259 112,669 134,004 169,689 139,577 155,538 181,167 Exports of goods, services & prim. income .. 50,268 59,721 67,230 87,212 52,915 65,253 80,960 Personal transfers & comp. of employees 790 170 189 98 104 150 196 203 Imports of goods, services & prim. income .. 31,155 32,409 38,818 55,546 55,146 55,757 63,918 Primary income on FDI .. 5,485 6,295 5,405 6,206 5,892 4,855 6,313 Current account balance .. 21,180 28,923 30,631 34,440 401 12,146 19,688 International reserves 12,024 56,303 77,914 110,318 143,243 149,041 162,614 182,822 6. Ratios External debt stocks to exports (%) .. 33.9 9.8 9.1 7.1 13.9 11.1 7.5 External debt stocks to GNI (%) 48.9 17.5 5.2 4.6 3.7 5.3 4.6 3.4 Debt service to exports (%) .. 11.9 22.5 2.0 1.4 2.0 1.0 0.8 Short-term to external debt stocks (%) 0.9 3.0 9.2 12.3 21.0 20.3 24.7 18.8 Multilateral to external debt stocks (%) 16.2 14.3 2.5 2.2 0.2 0.2 0.1 0.1 Reserves to external debt stocks (%) 47.2 330.1 1,326.3 1,809.2 2,306.5 2,022.7 2,255.1 3,010.9 Reserves to imports (months) .. 21.7 28.8 34.1 30.9 32.4 35.0 34.3 56 ALGERIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 23,342 16,357 5,140 5,145 4,708 3,998 3,588 3,091 Public and publicly guaranteed 23,342 15,491 3,836 3,996 3,265 3,016 2,620 2,213 Official creditors 17,490 12,464 2,131 2,303 2,091 2,055 1,854 1,610 Multilateral 4,123 2,443 144 136 13 11 10 8 of which: IBRD 1,425 779 119 113 11 10 9 8 IDA 0 0 0 0 0 0 0 0 Bilateral 13,367 10,022 1,987 2,168 2,078 2,043 1,844 1,602 Private creditors 5,851 3,027 1,706 1,693 1,174 961 766 603 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2,508 1,038 59 76 87 83 69 59 Private nonguaranteed 0 866 1,304 1,148 1,444 982 968 878 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,215 1,239 816 623 673 208 40 29 Public and publicly guaranteed 1,215 776 365 319 266 85 39 29 Official creditors 795 445 223 146 195 83 37 25 Multilateral 349 358 54 6 5 0 0 0 of which: IBRD 58 31 16 6 5 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 446 87 170 140 190 83 37 25 Private creditors 420 331 141 173 71 2 1 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 8 37 20 29 1 1 2 Private nonguaranteed 0 463 451 304 407 123 2 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 2,721 4,446 12,788 1,134 1,056 907 554 531 Public and publicly guaranteed 2,721 4,217 12,637 603 912 385 321 410 Official creditors 1,055 3,012 10,972 211 368 152 164 249 Multilateral 351 1,190 2,396 16 127 1 2 1 of which: IBRD 172 156 677 12 107 1 1 1 IDA 0 0 0 0 0 0 0 0 Bilateral 704 1,821 8,576 195 241 151 162 248 Private creditors 1,666 1,205 1,664 391 544 233 157 161 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 439 348 1,029 11 13 8 9 10 Private nonguaranteed 0 229 151 532 144 522 234 121 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 1,552 888 610 202 160 122 94 79 Public and publicly guaranteed 1,552 863 557 145 113 74 63 57 Official creditors 1,131 718 442 61 49 33 34 31 Multilateral 297 163 118 7 12 1 1 0 of which: IBRD 128 46 21 6 12 1 1 0 IDA 0 0 0 0 0 0 0 0 Bilateral 834 555 324 53 37 32 33 30 Private creditors 421 145 115 84 63 41 29 26 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 146 34 30 3 2 3 2 2 Private nonguaranteed 0 25 53 57 48 49 31 22 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -2,734 -5,330 -11,182 223 113 1,158 -157 -1,139 Net flows on external debt -1,572 -3,733 -11,947 -302 171 -510 -228 -1,139 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 306 227 214 181 168 153 94 97 Interest 35 31 27 23 20 17 14 12 Private creditors Principal 383 276 226 162 140 106 73 44 Interest 56 42 30 22 16 10 5 3 57 ANGOLA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 9,763 12,224 9,890 11,932 15,502 17,014 19,004 21,115 Long-term external debt 8,085 9,518 7,348 9,231 12,690 13,635 15,466 17,518 Public and publicly guaranteed 8,085 9,518 7,348 9,231 12,690 13,635 15,466 17,518 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 356 390 411 431 421 787 1,302 1,606 Short-term external debt 1,323 2,316 2,132 2,270 2,391 2,593 2,236 1,992 interest arrears on long-term 874 577 161 89 70 85 68 62 Memorandum items Principal arrears on long-term 2,853 1,877 700 327 254 306 274 261 Long-term public sector debt 8,059 9,506 7,341 9,229 12,689 13,634 15,466 17,517 Long-term private sector debt 26 12 7 2 1 0 0 0 Public & publicly guaranteed commitments 1,033 14,150 2,036 4,378 4,188 5,705 5,464 10,983 External debt flows Disbursements 1,045 3,676 1,223 5,647 4,622 3,896 4,475 5,098 Long-term external debt 1,045 3,676 1,223 5,647 4,622 3,543 3,951 4,781 IMF purchases 0 0 0 0 0 353 524 316 Principal repayments 1,530 2,289 3,508 3,779 1,130 3,131 2,110 2,672 Long-term external debt 1,530 2,289 3,508 3,779 1,130 3,131 2,110 2,672 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -733 2,603 -2,054 2,079 3,632 952 2,025 2,188 Long-term external debt -485 1,387 -2,286 1,869 3,492 412 1,841 2,110 Short-term external debt -248 1,216 232 210 140 187 -340 -238 Interest payments 191 326 920 711 502 424 214 202 Long-term external debt 149 257 820 579 443 392 176 154 IMF charges 16 12 16 14 4 1 7 15 Short-term external debt 26 57 83 118 55 30 30 32 2. Other non-debt resource inflows Foreign direct investment 879 -1,304 -38 -893 1,679 2,205 -3,227 .. Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.2 6.2 6.4 7.6 9.7 8.6 8.4 Japanese yen 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.1 Pound sterling 1.0 0.9 0.2 0.2 0.1 0.1 0.1 0.1 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 86.3 87.8 90.4 91.0 90.5 88.5 89.8 90.1 4. Average terms of new commitments Official creditors Interest (%) 0.8 6.5 1.1 0.4 0.6 3.4 3.8 8.7 Maturity (years) 39.8 13.8 10.9 12.1 43.4 8.7 9.2 15.5 Grace period (years) 10.3 2.0 1.5 2.7 10.4 1.7 0.9 2.2 Private creditors Interest (%) 5.0 6.6 8.0 6.3 4.5 6.5 4.6 4.6 Maturity (years) 3.1 7.7 9.0 6.8 7.4 5.3 9.7 9.9 Grace period (years) 1.3 1.3 0.8 1.0 0.8 1.2 2.1 0.3 5. Major economic aggregates Gross national income (GNI) 7,449 24,203 35,612 52,850 70,460 68,669 74,299 90,046 Exports of goods, services & prim. income 8,222 24,312 33,492 45,329 64,666 41,582 51,586 67,666 Personal transfers & comp. of employees .. .. .. .. 82 .. 18 .. Imports of goods, services & prim. income 7,454 19,201 22,612 34,526 57,261 48,784 43,727 55,883 Primary income on FDI 929 3,406 5,278 7,268 13,185 6,130 7,526 .. Current account balance 796 5,138 10,690 10,581 7,194 -7,572 7,421 11,306 International reserves 1,198 3,197 8,599 11,197 17,869 13,664 19,749 28,786 6. Ratios External debt stocks to exports (%) 118.7 50.3 29.5 26.3 24.0 40.9 36.8 31.2 External debt stocks to GNI (%) 131.1 50.5 27.8 22.6 22.0 24.8 25.6 23.4 Debt service to exports (%) 20.9 10.8 13.2 9.9 2.5 8.5 4.5 4.2 Short-term to external debt stocks (%) 13.5 18.9 21.6 19.0 15.4 15.2 11.8 9.4 Multilateral to external debt stocks (%) 3.0 3.0 4.1 3.6 2.8 2.6 2.3 2.1 Reserves to external debt stocks (%) 12.3 26.2 86.9 93.8 115.3 80.3 103.9 136.3 Reserves to imports (months) 1.9 2.0 4.6 3.9 3.7 3.4 5.4 6.2 58 ANGOLA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 8,085 9,518 7,348 9,231 12,690 13,635 15,466 17,518 Public and publicly guaranteed 8,085 9,518 7,348 9,231 12,690 13,635 15,466 17,518 Official creditors 2,703 3,174 2,588 3,210 4,008 4,822 8,161 9,659 Multilateral 294 371 402 424 429 448 445 454 of which: IBRD 0 0 0 0 0 0 0 0 IDA 226 319 347 365 369 385 378 384 Bilateral 2,409 2,803 2,186 2,786 3,580 4,373 7,716 9,205 Private creditors 5,382 6,344 4,760 6,021 8,682 8,813 7,305 7,858 of which: Bonds 0 0 0 0 0 0 0 10 Commercial banks 2,625 5,062 3,928 5,248 7,790 7,939 6,241 6,733 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,045 3,676 1,223 5,647 4,622 3,543 3,951 4,781 Public and publicly guaranteed 1,045 3,676 1,223 5,647 4,622 3,543 3,951 4,781 Official creditors 34 321 506 952 1,101 1,111 3,658 2,303 Multilateral 24 34 21 10 16 23 13 21 of which: IBRD 0 0 0 0 0 0 0 0 IDA 24 30 18 8 12 19 6 15 Bilateral 10 287 485 942 1,084 1,088 3,646 2,283 Private creditors 1,011 3,355 717 4,695 3,521 2,432 293 2,478 of which: Bonds 0 0 0 0 0 0 0 10 Commercial banks 1,010 3,236 573 4,562 3,276 2,292 24 2,324 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 1,530 2,289 3,508 3,779 1,130 3,131 2,110 2,672 Public and publicly guaranteed 1,530 2,289 3,508 3,779 1,130 3,131 2,110 2,672 Official creditors 268 505 1,201 352 276 310 283 797 Multilateral 27 8 9 7 8 8 10 10 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 5 5 5 6 6 7 7 Bilateral 241 497 1,192 345 267 302 273 787 Private creditors 1,262 1,784 2,307 3,427 854 2,821 1,827 1,874 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1,149 1,654 1,713 3,253 715 2,663 1,784 1,809 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 149 257 820 579 443 392 176 154 Public and publicly guaranteed 149 257 820 579 443 392 176 154 Official creditors 36 61 360 162 118 143 114 79 Multilateral 28 4 3 3 4 4 5 5 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 3 3 2 3 3 4 4 Bilateral 8 57 357 159 115 139 109 74 Private creditors 113 195 460 416 325 250 63 75 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 93 160 330 352 260 218 53 66 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -910 2,438 -2,333 2,041 3,570 1,513 1,990 2,111 Net flows on external debt -733 2,603 -2,054 2,079 3,632 952 2,025 2,188 9. Debt restructurings Total amount rescheduled 0 0 2 21 67 0 0 0 Total amount forgiven 0 122 400 72 25 18 18 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,950 1,960 2,321 2,289 2,285 2,090 1,445 425 Interest 375 643 752 737 676 599 513 450 Private creditors Principal 3,017 2,022 1,459 756 457 452 394 350 Interest 275 215 167 125 95 69 44 26 Notes: Short-term debt is based on data from the BIS. 59 ARGENTINA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 147,029 127,452 118,411 120,418 121,894 126,687 111,768 114,704 Long-term external debt 113,234 82,640 89,628 100,643 101,421 103,676 94,766 94,935 Public and publicly guaranteed 87,324 56,279 62,818 70,614 71,123 75,953 69,253 68,285 Private nonguaranteed 25,909 26,361 26,811 30,028 30,298 27,723 25,514 26,650 Use of IMF credit 5,470 9,968 479 503 490 3,167 3,111 3,101 Short-term external debt 28,325 34,844 28,304 19,272 19,983 19,844 13,891 16,668 interest arrears on long-term 10 7,738 7,457 9,462 10,009 10,774 5,464 6,115 Memorandum items Principal arrears on long-term 0 11,225 12,165 16,227 18,515 19,712 9,225 13,639 Long-term public sector debt 87,218 56,191 62,648 70,444 70,966 75,820 69,144 68,184 Long-term private sector debt 26,015 26,448 26,980 30,199 30,455 27,857 25,623 26,751 Public & publicly guaranteed commitments 11,986 2,462 5,747 8,013 4,969 3,450 1,263 3,411 External debt flows Disbursements 20,889 4,727 8,806 9,572 7,036 7,547 6,893 10,768 Long-term external debt 18,794 4,727 8,806 9,572 7,036 7,547 6,893 10,768 IMF purchases 2,094 0 0 0 0 0 0 0 Principal repayments 12,968 7,021 14,833 5,192 4,651 11,225 10,693 11,968 Long-term external debt 11,689 3,450 5,039 5,192 4,651 11,225 10,693 11,968 IMF repurchases 1,280 3,571 9,793 0 0 0 0 0 Net flows 6,820 14,812 -12,285 -6,657 2,548 -4,581 -4,444 926 Long-term external debt 7,106 1,277 3,767 4,380 2,384 -3,677 -3,801 -1,200 Short-term external debt -1,100 17,106 -6,259 -11,037 164 -904 -643 2,126 Interest payments 11,782 3,022 4,045 3,524 3,193 3,477 3,644 3,555 Long-term external debt 9,837 2,154 3,006 2,948 2,947 3,356 3,524 3,388 IMF charges 213 524 102 17 4 7 10 3 Short-term external debt 1,732 344 937 559 242 113 110 164 2. Other non-debt resource inflows Foreign direct investment 10,418 5,265 5,537 6,473 9,726 4,017 7,055 7,080 Portfolio equity -3,227 -48 707 1,785 -531 -212 -208 -174 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 35.4 35.5 37.7 35.7 34.7 29.2 28.5 Japanese yen 5.8 2.6 2.4 2.2 2.8 2.5 3.0 3.2 Pound sterling 0.5 0.1 0.1 0.1 0.1 0.1 0.0 0.0 Swiss franc 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 U.S.dollars 57.1 54.7 56.1 54.5 56.8 58.2 63.9 65.5 4. Average terms of new commitments Official creditors Interest (%) 7.2 4.2 5.5 6.1 3.3 1.8 1.3 1.1 Maturity (years) 18.2 17.3 20.3 18.9 18.4 26.3 24.6 24.1 Grace period (years) 4.8 4.6 5.0 4.8 3.6 3.9 4.0 5.4 Private creditors Interest (%) 10.0 5.0 5.7 7.1 6.8 4.6 3.4 0.0 Maturity (years) 11.6 8.4 11.1 12.6 12.8 17.8 13.0 0.0 Grace period (years) 11.6 3.7 6.0 10.6 11.3 10.9 4.0 0.0 5. Major economic aggregates Gross national income (GNI) 276,656 176,985 208,884 255,510 319,508 297,639 358,595 435,335 Exports of goods, services & prim. income 38,697 51,204 60,116 72,794 87,609 69,991 83,774 101,412 Personal transfers & comp. of employees 86 432 541 606 698 621 637 686 Imports of goods, services & prim. income 48,076 46,414 52,809 65,793 81,023 61,706 80,546 100,955 Primary income on FDI 3,086 5,456 7,112 7,283 7,902 8,360 8,530 8,951 Current account balance -8,981 5,274 7,767 7,354 6,756 8,338 2,830 -6 International reserves 25,147 27,179 30,903 44,682 44,855 46,093 49,734 43,227 6. Ratios External debt stocks to exports (%) 380.0 248.9 197.0 165.4 139.1 181.0 133.4 113.1 External debt stocks to GNI (%) 53.1 72.0 56.7 47.1 38.2 42.6 31.2 26.3 Debt service to exports (%) 64.0 19.6 36.4 12.0 9.0 21.0 17.1 15.3 Short-term to external debt stocks (%) 19.3 27.3 23.9 16.0 16.4 15.7 12.4 14.5 Multilateral to external debt stocks (%) 11.2 12.3 12.8 12.5 12.2 12.8 15.2 15.6 Reserves to external debt stocks (%) 17.1 21.3 26.1 37.1 36.8 36.4 44.5 37.7 Reserves to imports (months) 6.3 7.0 7.0 8.1 6.6 9.0 7.4 5.1 60 ARGENTINA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 113,234 82,640 89,628 100,643 101,421 103,676 94,766 94,935 Public and publicly guaranteed 87,324 56,279 62,818 70,614 71,123 75,953 69,253 68,285 Official creditors 20,822 20,564 20,399 20,681 20,785 22,539 23,109 23,750 Multilateral 16,499 15,699 15,104 15,046 14,903 16,267 17,016 17,931 of which: IBRD 8,789 6,881 6,206 5,674 5,069 5,305 5,349 5,555 IDA 0 0 0 0 0 0 0 0 Bilateral 4,323 4,864 5,295 5,635 5,882 6,272 6,093 5,819 Private creditors 66,503 35,715 42,419 49,934 50,339 53,414 46,144 44,535 of which: Bonds 65,976 35,207 41,867 48,937 49,375 51,561 44,773 43,485 Commercial banks 294 171 201 211 205 1,137 713 446 Private nonguaranteed 25,909 26,361 26,811 30,028 30,298 27,723 25,514 26,650 of which: Bonds 11,138 8,772 10,138 12,073 7,921 6,850 7,855 9,129 Disbursements 18,794 4,727 8,806 9,572 7,036 7,547 6,893 10,768 Public and publicly guaranteed 14,312 3,219 3,910 6,131 4,046 3,602 2,592 2,605 Official creditors 1,971 993 1,668 2,383 2,020 3,499 2,455 2,582 Multilateral 1,945 989 1,664 2,373 1,998 3,070 2,437 2,577 of which: IBRD 1,019 362 459 505 332 1,028 787 841 IDA 0 0 0 0 0 0 0 0 Bilateral 26 4 4 10 22 429 18 4 Private creditors 12,341 2,227 2,242 3,747 2,026 103 137 23 of which: Bonds 12,339 2,227 2,242 3,747 2,026 103 90 0 Commercial banks 2 0 0 0 0 0 25 12 Private nonguaranteed 4,482 1,507 4,896 3,441 2,990 3,946 4,300 8,163 of which: Bonds 1,408 540 2,896 2,241 0 476 2,037 1,320 Principal repayments 11,689 3,450 5,039 5,192 4,651 11,225 10,693 11,968 Public and publicly guaranteed 6,185 1,684 2,553 3,251 2,383 5,511 5,038 5,257 Official creditors 1,871 1,501 2,376 2,697 2,380 1,796 1,923 1,908 Multilateral 852 1,472 2,365 2,587 2,266 1,650 1,652 1,611 of which: IBRD 538 928 1,134 1,037 936 793 741 630 IDA 0 0 0 0 0 0 0 0 Bilateral 1,019 28 11 110 114 146 271 297 Private creditors 4,314 183 177 554 3 3,715 3,115 3,349 of which: Bonds 4,097 182 175 554 3 1,232 2,828 3,016 Commercial banks 162 0 1 0 0 2,428 233 279 Private nonguaranteed 5,503 1,766 2,487 1,941 2,268 5,714 5,655 6,712 of which: Bonds 2,309 680 1,303 606 2,009 450 969 26 Interest payments 9,837 2,154 3,006 2,948 2,947 3,356 3,524 3,388 Public and publicly guaranteed 7,797 1,438 1,356 1,665 1,741 2,022 2,436 2,449 Official creditors 1,600 756 847 874 768 661 614 571 Multilateral 1,265 751 843 869 723 585 553 521 of which: IBRD 701 288 346 350 258 169 147 138 IDA 0 0 0 0 0 0 0 0 Bilateral 335 5 4 4 45 76 61 51 Private creditors 6,196 682 509 792 973 1,361 1,821 1,878 of which: Bonds 6,055 682 508 792 973 1,238 1,764 1,833 Commercial banks 121 0 0 0 0 87 28 21 Private nonguaranteed 2,041 716 1,650 1,282 1,206 1,335 1,089 938 of which: Bonds 1,109 585 1,135 759 710 562 567 717 8. Debt stock-flow reconciliation Total change in external debt stocks -2,985 -37,464 -9,041 2,007 1,476 4,792 -14,919 2,936 Net flows on external debt 6,820 14,812 -12,285 -6,657 2,548 -4,581 -4,444 926 9. Debt restructurings Total amount rescheduled 0 20,136 2,096 983 0 0 8,107 16 Total amount forgiven 1,505 40,333 3 0 0 10 9,348 227 Debt buyback 2,745 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 2,447 2,029 2,030 2,024 1,903 1,694 1,631 1,377 Interest 478 438 396 350 304 265 231 199 Private creditors Principal 5,371 3,903 2,257 4,913 2,860 8,106 2,125 1,074 Interest 4,183 3,848 3,506 3,277 2,824 2,411 1,914 1,644 Notes: Long-term private nonguaranteed debt data from 2009 are reported by the country. Historical data are World Bank staff estimates. Long-term provincial debt data are World Bank staff estimates. 61 ARMENIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,010 1,968 2,136 3,037 3,541 5,023 6,241 7,383 Long-term external debt 675 1,368 1,533 2,281 2,818 3,778 4,744 5,551 Public and publicly guaranteed 675 923 1,037 1,282 1,446 2,376 2,557 2,736 Private nonguaranteed 0 446 496 999 1,373 1,401 2,187 2,815 Use of IMF credit 290 302 296 297 270 725 876 963 Short-term external debt 44 298 307 459 453 521 621 869 interest arrears on long-term 6 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 4 0 0 0 0 0 0 0 Long-term public sector debt 675 923 1,037 1,282 1,446 2,376 2,557 2,736 Long-term private sector debt 0 446 496 999 1,373 1,401 2,187 2,815 Public & publicly guaranteed commitments 74 251 65 203 201 898 248 368 External debt flows Disbursements 63 177 175 761 783 1,713 1,919 1,603 Long-term external debt 63 168 165 751 776 1,247 1,734 1,488 IMF purchases 0 10 10 10 7 466 184 114 Principal repayments 31 104 80 82 280 323 879 758 Long-term external debt 15 69 49 58 253 300 857 735 IMF repurchases 16 34 31 24 27 23 22 23 Net flows 21 -38 104 831 497 1,458 1,139 1,094 Long-term external debt 48 98 116 693 523 947 877 753 Short-term external debt -11 -112 9 152 -6 68 99 249 Interest payments 20 39 75 111 87 100 90 168 Long-term external debt 9 23 59 91 70 79 60 126 IMF charges 8 5 6 5 2 4 9 13 Short-term external debt 2 11 11 15 15 17 21 29 2. Other non-debt resource inflows Foreign direct investment 104 239 453 699 935 777 570 525 Portfolio equity 0 1 -1 0 -1 1 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.0 8.8 9.0 8.7 6.3 5.8 7.8 Japanese yen 0.0 0.2 0.4 7.0 12.1 11.3 14.6 14.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 93.3 86.3 82.6 71.2 62.9 66.0 62.8 60.8 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.8 0.8 1.5 1.2 2.9 1.9 0.9 Maturity (years) 35.7 39.6 32.2 24.4 32.1 19.7 20.6 24.3 Grace period (years) 10.2 10.1 10.3 8.7 8.8 5.9 5.8 5.9 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 14.4 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 3.9 0.0 5. Major economic aggregates Gross national income (GNI) 1,964 5,033 6,600 9,485 12,133 8,815 9,710 10,803 Exports of goods, services & prim. income 551 1,873 2,134 2,587 2,751 2,053 2,896 3,639 Personal transfers & comp. of employees 87 487 650 837 1,053 763 991 1,994 Imports of goods, services & prim. income 1,017 2,448 2,945 4,121 5,271 4,236 4,833 5,495 Primary income on FDI 22 170 244 332 279 332 364 375 Current account balance -278 -52 -117 -590 -1,383 -1,369 -1,373 -1,134 International reserves 302 669 1,072 1,659 1,407 2,004 1,866 1,932 6. Ratios External debt stocks to exports (%) 183.4 105.1 100.1 117.4 128.7 244.7 215.5 202.9 External debt stocks to GNI (%) 51.4 39.1 32.4 32.0 29.2 57.0 64.3 68.3 Debt service to exports (%) 9.2 7.6 7.3 7.5 13.3 20.6 33.4 25.4 Short-term to external debt stocks (%) 4.4 15.1 14.4 15.1 12.8 10.4 9.9 11.8 Multilateral to external debt stocks (%) 48.0 41.1 42.3 34.3 31.4 28.4 24.2 22.3 Reserves to external debt stocks (%) 29.9 34.0 50.2 54.6 39.7 39.9 29.9 26.2 Reserves to imports (months) 3.6 3.3 4.4 4.8 3.2 5.7 4.6 4.2 62 ARMENIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 675 1,368 1,533 2,281 2,818 3,778 4,744 5,551 Public and publicly guaranteed 675 923 1,037 1,282 1,446 2,376 2,557 2,736 Official creditors 658 921 1,036 1,281 1,444 2,375 2,556 2,733 Multilateral 485 808 905 1,041 1,111 1,427 1,513 1,647 of which: IBRD 8 6 6 5 5 53 106 151 IDA 388 746 841 965 1,025 1,161 1,161 1,187 Bilateral 173 113 131 240 333 948 1,042 1,086 Private creditors 17 1 1 1 1 1 1 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 2 Private nonguaranteed 0 446 496 999 1,373 1,401 2,187 2,815 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 63 168 165 751 776 1,247 1,734 1,488 Public and publicly guaranteed 63 50 83 207 164 941 198 206 Official creditors 62 50 83 207 164 941 198 204 Multilateral 58 37 72 110 92 324 127 165 of which: IBRD 0 0 0 0 0 49 53 46 IDA 54 34 64 93 80 142 36 49 Bilateral 4 14 11 97 72 617 71 39 Private creditors 1 0 0 0 0 0 0 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 2 Private nonguaranteed 0 117 82 544 612 306 1,536 1,282 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 15 69 49 58 253 300 857 735 Public and publicly guaranteed 15 16 17 17 15 21 24 28 Official creditors 13 16 17 17 15 21 24 28 Multilateral 8 14 15 15 13 15 18 21 of which: IBRD 0 1 1 1 1 1 1 1 IDA 0 3 6 7 11 14 15 18 Bilateral 5 2 2 2 2 6 6 7 Private creditors 2 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 53 32 42 238 279 833 707 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 23 59 91 70 79 60 126 Public and publicly guaranteed 9 9 9 10 11 23 35 38 Official creditors 9 9 9 10 11 23 35 38 Multilateral 8 8 8 8 9 9 12 14 of which: IBRD 0 0 0 0 0 0 1 1 IDA 3 6 6 7 8 8 8 9 Bilateral 1 2 2 2 2 14 23 24 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 14 49 81 58 56 25 88 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -13 -138 168 901 504 1,482 1,217 1,143 Net flows on external debt 21 -38 104 831 497 1,458 1,139 1,094 9. Debt restructurings Total amount rescheduled 14 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 32 83 100 122 132 147 156 171 Interest 43 43 44 43 42 40 38 35 Private creditors Principal 764 538 481 284 227 170 142 114 Interest 123 91 63 46 32 22 14 7 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates. 63 AZERBAIJAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,585 2,160 2,722 3,763 4,498 4,771 7,209 8,427 Long-term external debt 893 1,591 1,837 2,374 3,013 3,658 6,049 7,272 Public and publicly guaranteed 794 1,404 1,733 2,231 2,686 3,345 3,891 4,655 Private nonguaranteed 99 187 104 143 327 314 2,158 2,616 Use of IMF credit 536 383 365 346 316 303 282 265 Short-term external debt 156 186 520 1,043 1,169 810 878 891 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 794 1,404 1,733 2,231 2,686 3,345 3,891 4,655 Long-term private sector debt 99 187 104 143 327 314 2,158 2,616 Public & publicly guaranteed commitments 202 1,387 412 723 1,928 1,627 823 175 External debt flows Disbursements 306 449 468 490 741 870 2,780 2,110 Long-term external debt 306 430 468 490 741 870 2,780 2,110 IMF purchases 0 19 0 0 0 0 0 0 Principal repayments 74 200 206 90 174 264 315 901 Long-term external debt 22 152 169 53 152 246 300 883 IMF repurchases 51 48 37 37 22 19 15 17 Net flows 360 297 596 923 694 247 2,532 1,222 Long-term external debt 284 279 299 437 589 624 2,479 1,226 Short-term external debt 127 48 334 523 126 -359 68 13 Interest payments 65 42 65 105 124 84 96 972 Long-term external debt 37 26 39 78 88 64 75 953 IMF charges 23 9 11 9 3 1 1 0 Short-term external debt 5 6 15 18 33 19 20 19 2. Other non-debt resource inflows Foreign direct investment 130 4,476 4,486 4,360 3,987 2,900 3,353 4,485 Portfolio equity 0 0 1 2 0 0 1 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 13.6 19.6 22.3 21.1 27.0 28.9 29.2 Japanese yen 19.3 26.6 20.9 17.1 17.6 12.7 13.8 16.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 12.1 3.3 2.3 1.7 1.4 1.0 0.6 0.2 U.S.dollars 61.1 51.9 50.9 51.0 51.5 51.3 49.4 48.2 4. Average terms of new commitments Official creditors Interest (%) 4.3 2.3 4.3 4.9 2.7 1.4 1.5 1.0 Maturity (years) 22.6 28.8 24.7 20.1 21.5 25.2 17.6 19.3 Grace period (years) 4.7 7.7 8.0 4.2 4.8 6.6 4.7 2.6 Private creditors Interest (%) 8.2 3.5 6.0 6.6 4.8 4.5 3.0 0.0 Maturity (years) 11.4 13.3 12.0 9.8 13.0 14.0 10.0 0.0 Grace period (years) 1.1 3.0 0.5 1.3 5.0 3.5 2.5 0.0 5. Major economic aggregates Gross national income (GNI) 4,987 11,599 18,302 27,970 43,586 40,772 49,437 56,402 Exports of goods, services & prim. income 2,174 8,341 13,994 22,683 32,484 23,311 28,910 38,058 Personal transfers & comp. of employees 57 623 790 1,268 1,518 1,255 1,410 1,893 Imports of goods, services & prim. income 2,415 8,658 10,853 14,669 17,082 13,858 14,379 21,586 Primary income on FDI 317 1,582 2,624 4,995 5,401 3,664 3,815 5,488 Current account balance -168 167 3,708 9,019 16,453 10,175 15,040 17,145 International reserves 680 1,178 2,500 4,273 6,467 5,364 6,409 10,274 6. Ratios External debt stocks to exports (%) 72.9 25.9 19.5 16.6 13.8 20.5 24.9 22.1 External debt stocks to GNI (%) 31.8 18.6 14.9 13.5 10.3 11.7 14.6 14.9 Debt service to exports (%) 6.4 2.9 1.9 0.9 0.9 1.5 1.4 4.9 Short-term to external debt stocks (%) 9.9 8.6 19.1 27.7 26.0 17.0 12.2 10.6 Multilateral to external debt stocks (%) 20.4 29.1 27.0 25.6 25.3 30.6 24.2 25.5 Reserves to external debt stocks (%) 42.9 54.5 91.9 113.6 143.8 112.4 88.9 121.9 Reserves to imports (months) 3.4 1.6 2.8 3.5 4.5 4.6 5.3 5.7 64 AZERBAIJAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 893 1,591 1,837 2,374 3,013 3,658 6,049 7,272 Public and publicly guaranteed 794 1,404 1,733 2,231 2,686 3,345 3,891 4,655 Official creditors 656 1,129 1,276 1,538 1,857 2,177 2,664 3,365 Multilateral 323 630 734 962 1,138 1,460 1,744 2,152 of which: IBRD 0 0 5 21 78 199 300 469 IDA 216 501 583 660 698 739 763 806 Bilateral 333 500 542 576 719 717 920 1,213 Private creditors 138 274 457 693 829 1,168 1,226 1,290 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 113 274 403 552 634 949 1,023 1,078 Private nonguaranteed 99 187 104 143 327 314 2,158 2,616 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 306 430 468 490 741 870 2,780 2,110 Public and publicly guaranteed 301 306 443 443 526 820 866 1,047 Official creditors 213 70 266 233 283 431 559 816 Multilateral 56 57 211 219 213 367 353 477 of which: IBRD 0 0 5 16 56 122 101 168 IDA 27 48 60 58 50 45 46 58 Bilateral 157 13 55 14 70 64 206 339 Private creditors 88 236 177 210 242 389 307 231 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 84 236 121 119 167 346 296 204 Private nonguaranteed 6 124 25 47 216 50 1,914 1,063 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 22 152 169 53 152 246 300 883 Public and publicly guaranteed 15 55 53 43 129 193 228 275 Official creditors 13 38 34 26 49 115 101 136 Multilateral 9 18 17 21 29 54 42 57 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 4 6 8 9 10 12 Bilateral 4 21 17 5 20 61 58 79 Private creditors 2 16 19 16 80 78 128 139 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 16 17 13 59 59 101 121 Private nonguaranteed 7 97 116 11 23 53 72 609 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 37 26 39 78 88 64 75 953 Public and publicly guaranteed 32 19 32 71 77 52 62 82 Official creditors 31 16 18 34 29 31 27 43 Multilateral 7 9 11 26 21 22 19 32 of which: IBRD 0 0 1 1 3 5 4 3 IDA 2 4 4 5 5 5 6 6 Bilateral 24 7 7 8 8 9 9 11 Private creditors 1 4 14 37 48 21 35 39 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 4 13 24 35 15 32 36 Private nonguaranteed 5 7 7 7 11 12 13 871 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 296 76 562 1,041 735 273 2,438 1,218 Net flows on external debt 360 297 596 923 694 247 2,532 1,222 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 200 250 300 314 355 359 363 375 Interest 54 57 64 63 62 58 54 48 Private creditors Principal 816 822 576 492 414 359 302 300 Interest 894 870 848 831 816 804 793 784 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on the market data. 65 BANGLADESH (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 15,596 18,449 20,106 21,373 22,952 24,619 25,752 27,043 Long-term external debt 14,985 17,385 18,380 19,428 20,300 21,210 21,400 22,350 Public and publicly guaranteed 14,985 17,385 18,380 19,428 20,300 21,210 21,400 22,350 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 277 376 547 575 758 1,475 1,403 1,271 Short-term external debt 334 688 1,178 1,370 1,894 1,934 2,949 3,422 interest arrears on long-term 0 16 0 4 1 1 2 2 Memorandum items Principal arrears on long-term 4 1 3 53 11 7 22 22 Long-term public sector debt 14,985 17,385 18,380 19,428 20,300 21,210 21,400 22,350 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 588 1,106 1,322 2,011 2,779 1,818 2,203 4,610 External debt flows Disbursements 861 976 1,213 1,080 1,939 1,499 982 1,469 Long-term external debt 861 878 1,063 1,080 1,732 1,499 982 1,469 IMF purchases 0 97 150 0 206 0 0 0 Principal repayments 572 566 482 735 640 727 789 1,181 Long-term external debt 487 566 482 735 632 703 743 1,050 IMF repurchases 86 0 0 0 8 23 46 131 Net flows 368 370 1,237 532 1,826 812 1,207 761 Long-term external debt 374 312 581 344 1,100 796 238 419 Short-term external debt 80 -40 506 188 527 40 1,014 473 Interest payments 197 235 231 257 249 229 238 312 Long-term external debt 165 197 167 180 203 197 201 258 IMF charges 10 3 5 5 8 8 5 4 Short-term external debt 22 35 59 72 39 24 32 50 2. Other non-debt resource inflows Foreign direct investment 280 813 697 653 1,010 733 918 798 Portfolio equity 1 20 31 153 -48 -153 .. -10 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 0.7 0.8 0.9 0.7 0.7 0.6 0.5 Japanese yen 20.3 14.2 12.5 10.4 10.0 9.0 9.8 9.6 Pound sterling 3.0 2.1 1.9 1.7 1.5 1.4 1.2 1.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 44.3 50.7 52.3 51.9 52.4 53.4 52.6 50.5 4. Average terms of new commitments Official creditors Interest (%) 2.4 1.5 2.0 2.1 1.2 2.0 0.8 0.9 Maturity (years) 28.4 35.2 33.6 32.3 37.5 25.6 34.5 34.7 Grace period (years) 7.4 9.2 8.7 8.2 9.5 7.4 8.9 3.6 Private creditors Interest (%) 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 12.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 48,857 63,355 65,952 73,523 86,607 97,485 109,695 119,788 Exports of goods, services & prim. income 7,293 10,537 12,922 14,150 17,594 17,097 21,767 27,334 Personal transfers & comp. of employees 1,968 4,315 5,428 6,562 8,941 10,521 10,850 12,068 Imports of goods, services & prim. income 10,018 15,487 17,659 20,581 26,286 24,521 31,037 39,397 Primary income on FDI 149 661 765 903 840 1,105 1,210 1,226 Current account balance -306 -176 1,196 857 926 3,556 2,109 244 International reserves 1,486 2,767 3,806 5,183 5,689 10,219 10,564 8,510 6. Ratios External debt stocks to exports (%) 213.9 175.1 155.6 151.0 130.5 144.0 118.3 98.9 External debt stocks to GNI (%) 31.9 29.1 30.5 29.1 26.5 25.3 23.5 22.6 Debt service to exports (%) 10.5 7.6 5.5 7.0 5.1 5.6 4.7 5.5 Short-term to external debt stocks (%) 2.1 3.7 5.9 6.4 8.3 7.9 11.5 12.7 Multilateral to external debt stocks (%) 70.5 76.1 74.3 76.3 75.4 74.6 71.7 69.1 Reserves to external debt stocks (%) 9.5 15.0 18.9 24.3 24.8 41.5 41.0 31.5 Reserves to imports (months) 1.8 2.1 2.6 3.0 2.6 5.0 4.1 2.6 66 BANGLADESH (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 14,985 17,385 18,380 19,428 20,300 21,210 21,400 22,350 Public and publicly guaranteed 14,985 17,385 18,380 19,428 20,300 21,210 21,400 22,350 Official creditors 14,809 17,201 18,217 19,280 20,202 21,126 21,328 22,285 Multilateral 10,998 14,044 14,947 16,315 17,296 18,376 18,460 18,690 of which: IBRD 24 0 0 0 0 0 0 0 IDA 6,431 8,688 9,297 10,077 10,613 10,746 10,653 10,712 Bilateral 3,810 3,157 3,270 2,965 2,907 2,749 2,868 3,594 Private creditors 176 184 163 148 98 84 71 66 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 15 32 30 26 18 15 10 5 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 861 878 1,063 1,080 1,732 1,499 982 1,469 Public and publicly guaranteed 861 878 1,063 1,080 1,732 1,499 982 1,469 Official creditors 794 878 1,063 1,080 1,706 1,499 971 1,458 Multilateral 650 814 742 1,008 1,451 1,430 850 837 of which: IBRD 0 0 0 0 0 0 0 0 IDA 357 547 398 602 820 297 326 355 Bilateral 145 64 321 71 255 69 122 621 Private creditors 67 0 0 0 27 0 10 11 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 15 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 487 566 482 735 632 703 743 1,050 Public and publicly guaranteed 487 566 482 735 632 703 743 1,050 Official creditors 465 551 459 719 612 690 725 1,031 Multilateral 168 290 328 383 434 477 498 552 of which: IBRD 5 0 0 0 0 0 0 0 IDA 82 153 172 193 213 234 243 262 Bilateral 297 260 131 335 178 214 227 478 Private creditors 22 16 24 17 20 13 19 19 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 5 5 5 5 3 5 5 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 165 197 167 180 203 197 201 258 Public and publicly guaranteed 165 197 167 180 203 197 201 258 Official creditors 156 195 166 178 199 195 198 256 Multilateral 93 133 137 144 161 157 160 178 of which: IBRD 2 0 0 0 0 0 0 0 IDA 47 70 70 72 77 79 78 84 Bilateral 63 62 29 34 38 38 37 77 Private creditors 9 2 2 2 3 2 3 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 1 1 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -849 -1,210 1,657 1,267 1,580 1,666 1,133 1,292 Net flows on external debt 368 370 1,237 532 1,826 812 1,207 761 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 83 158 533 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,077 1,378 1,393 1,201 1,191 1,157 1,240 1,255 Interest 276 275 266 255 248 242 239 231 Private creditors Principal 17 10 10 10 10 2 2 2 Interest 2 2 1 1 1 0 0 0 Notes: Short-term debt is based on data from the BIS. 67 BELARUS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,620 5,300 5,834 10,943 12,854 17,935 25,627 29,120 Long-term external debt 787 1,270 1,625 3,482 5,327 6,462 9,684 11,624 Public and publicly guaranteed 689 786 842 2,338 3,719 4,823 7,697 9,152 Private nonguaranteed 98 485 784 1,145 1,608 1,639 1,988 2,472 Use of IMF credit 594 527 555 583 568 3,449 4,063 4,050 Short-term external debt 1,239 3,503 3,654 6,878 6,959 8,024 11,879 13,445 interest arrears on long-term 14 1 4 2 2 3 4 4 Memorandum items Principal arrears on long-term 29 37 22 10 4 19 6 12 Long-term public sector debt 689 777 837 2,336 3,719 4,823 7,697 9,097 Long-term private sector debt 98 493 788 1,146 1,608 1,639 1,988 2,527 Public & publicly guaranteed commitments 136 412 174 1,639 1,961 1,492 4,316 6,597 External debt flows Disbursements 249 648 735 2,552 2,709 4,810 5,275 3,165 Long-term external debt 249 648 735 2,552 2,709 1,985 4,606 3,165 IMF purchases 0 0 0 0 0 2,825 668 0 Principal repayments 261 519 482 757 858 983 965 1,228 Long-term external debt 206 511 482 757 858 983 965 1,228 IMF repurchases 56 9 0 0 0 0 0 0 Net flows -89 695 400 5,020 1,932 4,891 8,163 3,503 Long-term external debt 43 138 252 1,795 1,851 1,002 3,641 1,937 Short-term external debt -76 566 148 3,225 82 1,064 3,854 1,566 Interest payments 128 181 270 343 356 320 504 885 Long-term external debt 39 54 70 82 234 178 235 575 IMF charges 29 17 22 19 5 14 68 87 Short-term external debt 61 111 178 241 117 128 201 223 2. Other non-debt resource inflows Foreign direct investment 119 307 357 1,807 2,188 1,877 1,393 4,002 Portfolio equity 1 1 -1 5 1 1 1 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 14.4 26.0 9.9 4.1 7.7 16.1 13.1 Japanese yen 2.2 1.1 0.7 0.1 0.0 0.0 0.2 0.4 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 48.9 71.8 61.1 85.5 93.3 89.4 69.9 74.9 4. Average terms of new commitments Official creditors Interest (%) 6.8 5.0 5.9 4.6 6.1 4.1 6.0 2.3 Maturity (years) 5.9 7.6 16.9 14.9 12.1 13.4 7.6 7.6 Grace period (years) 2.4 1.4 5.4 5.4 4.2 4.7 3.3 2.5 Private creditors Interest (%) 7.2 8.9 7.2 4.8 0.0 3.2 8.8 5.2 Maturity (years) 2.5 1.1 2.4 3.0 0.0 9.0 5.1 9.8 Grace period (years) 1.0 1.1 1.3 1.0 0.0 2.3 5.1 4.7 5. Major economic aggregates Gross national income (GNI) 12,690 30,220 36,841 44,865 59,976 48,157 54,058 53,381 Exports of goods, services & prim. income 7,667 17,705 21,816 27,149 36,878 24,818 29,805 47,312 Personal transfers & comp. of employees 139 199 266 285 578 499 527 814 Imports of goods, services & prim. income 8,160 17,411 23,408 30,331 42,007 31,224 38,402 49,822 Primary income on FDI 5 135 236 435 682 872 1,039 1,186 Current account balance -338 459 -1,388 -3,012 -4,959 -6,133 -8,280 -5,121 International reserves 350 1,137 1,069 3,952 2,687 4,831 3,431 6,011 6. Ratios External debt stocks to exports (%) 34.2 29.9 26.7 40.3 34.9 72.3 86.0 61.5 External debt stocks to GNI (%) 20.6 17.5 15.8 24.4 21.4 37.2 47.4 54.6 Debt service to exports (%) 5.1 4.0 3.4 4.1 3.3 5.3 4.9 4.5 Short-term to external debt stocks (%) 47.3 66.1 62.6 62.9 54.1 44.7 46.4 46.2 Multilateral to external debt stocks (%) 8.3 1.5 1.1 0.5 0.4 1.5 1.2 1.4 Reserves to external debt stocks (%) 13.4 21.4 18.3 36.1 20.9 26.9 13.4 20.6 Reserves to imports (months) 0.5 0.8 0.5 1.6 0.8 1.9 1.1 1.4 68 BELARUS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 787 1,270 1,625 3,482 5,327 6,462 9,684 11,624 Public and publicly guaranteed 689 786 842 2,338 3,719 4,823 7,697 9,152 Official creditors 400 566 571 2,076 3,547 4,694 5,729 6,142 Multilateral 217 81 65 52 50 261 295 403 of which: IBRD 105 59 50 42 42 256 291 318 IDA 0 0 0 0 0 0 0 0 Bilateral 183 485 506 2,023 3,497 4,433 5,434 5,739 Private creditors 289 219 271 262 172 128 1,968 3,010 of which: Bonds 0 0 0 0 0 0 1,802 2,576 Commercial banks 56 57 102 107 68 46 110 394 Private nonguaranteed 98 485 784 1,145 1,608 1,639 1,988 2,472 of which: Bonds 0 0 0 19 19 19 19 19 Disbursements 249 648 735 2,552 2,709 1,985 4,606 3,165 Public and publicly guaranteed 143 254 207 1,717 1,568 1,265 3,475 1,686 Official creditors 25 188 74 1,596 1,563 1,254 1,580 586 Multilateral 25 7 5 7 16 216 37 114 of which: IBRD 6 7 5 7 16 216 37 30 IDA 0 0 0 0 0 0 0 0 Bilateral 0 181 69 1,589 1,547 1,038 1,543 472 Private creditors 118 66 133 121 5 11 1,895 1,100 of which: Bonds 0 0 0 0 0 0 1,796 800 Commercial banks 48 34 83 96 0 10 99 300 Private nonguaranteed 106 395 527 835 1,141 720 1,132 1,479 of which: Bonds 0 0 0 19 0 0 0 0 Principal repayments 206 511 482 757 858 983 965 1,228 Public and publicly guaranteed 134 177 171 253 183 158 163 199 Official creditors 52 94 73 98 97 99 110 170 Multilateral 49 42 23 21 19 5 3 6 of which: IBRD 14 16 15 16 17 3 1 4 IDA 0 0 0 0 0 0 0 0 Bilateral 4 52 50 77 78 95 107 163 Private creditors 82 83 98 155 86 59 53 30 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 28 12 42 101 35 33 32 14 Private nonguaranteed 71 333 311 505 675 825 802 1,029 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 39 54 70 82 234 178 235 575 Public and publicly guaranteed 38 39 45 49 176 105 154 463 Official creditors 18 17 28 30 159 97 114 285 Multilateral 17 5 4 4 3 2 2 6 of which: IBRD 6 3 3 3 2 2 2 3 IDA 0 0 0 0 0 0 0 0 Bilateral 2 12 24 26 156 94 112 280 Private creditors 19 22 16 19 17 8 40 177 of which: Bonds 0 0 0 0 0 0 37 163 Commercial banks 4 4 6 8 8 4 2 13 Private nonguaranteed 1 15 25 33 59 73 81 113 of which: Bonds 0 0 0 1 2 2 1 1 8. Debt stock-flow reconciliation Total change in external debt stocks -83 699 534 5,108 1,911 5,082 7,691 3,493 Net flows on external debt -89 695 400 5,020 1,932 4,891 8,163 3,503 9. Debt restructurings Total amount rescheduled 50 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 15 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 2,224 471 616 610 599 609 586 508 Interest 337 176 158 135 111 92 73 56 Private creditors Principal 739 585 535 2,203 350 311 1,097 272 Interest 364 356 338 247 152 138 88 39 69 BELIZE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 630 1,022 1,053 1,074 1,275 1,295 1,307 1,278 Long-term external debt 557 989 1,018 1,039 1,240 1,250 1,266 1,236 Public and publicly guaranteed 557 989 1,018 1,039 1,020 1,041 1,022 1,018 Private nonguaranteed 0 0 0 0 219 209 243 218 Use of IMF credit 23 26 27 28 28 35 35 35 Short-term external debt 50 7 8 7 7 10 7 8 interest arrears on long-term 0 7 8 7 7 10 7 8 Memorandum items Principal arrears on long-term 0 2 0 1 1 1 1 1 Long-term public sector debt 557 989 1,018 1,038 1,020 1,036 1,018 1,015 Long-term private sector debt 0 0 1 1 219 214 248 221 Public & publicly guaranteed commitments 224 199 106 581 28 90 71 63 External debt flows Disbursements 218 213 100 604 109 92 39 55 Long-term external debt 218 213 100 604 109 84 39 55 IMF purchases 0 0 0 0 0 7 0 0 Principal repayments 41 155 73 585 87 69 69 73 Long-term external debt 41 155 73 585 87 69 69 73 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 176 57 28 19 22 22 -30 -18 Long-term external debt 177 57 28 19 22 15 -30 -18 Short-term external debt -1 0 0 0 0 0 0 0 Interest payments 36 74 65 65 60 57 58 59 Long-term external debt 32 73 64 64 60 56 58 59 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 3 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 23 127 109 140 170 109 96 91 Portfolio equity .. .. 4 .. 2 .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.6 1.7 1.6 1.1 1.5 1.3 1.1 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.8 0.4 0.4 0.2 0.1 0.1 0.1 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 92.6 96.5 96.6 96.8 97.5 97.3 97.5 97.5 4. Average terms of new commitments Official creditors Interest (%) 6.3 0.0 2.9 5.1 3.8 1.9 2.0 3.1 Maturity (years) 21.1 28.4 10.5 21.6 18.9 22.2 22.5 21.7 Grace period (years) 5.3 1.0 2.4 5.4 4.3 4.6 5.3 5.1 Private creditors Interest (%) 9.5 4.7 0.0 4.2 4.3 0.0 0.0 0.0 Maturity (years) 8.1 7.1 0.0 22.0 22.0 0.0 0.0 0.0 Grace period (years) 3.0 1.6 0.0 12.5 12.5 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 775 1,000 1,088 1,118 1,198 1,241 1,243 1,331 Exports of goods, services & prim. income 441 622 786 823 872 733 834 952 Personal transfers & comp. of employees 26 45 64 73 76 79 78 76 Imports of goods, services & prim. income 661 824 885 969 1,129 895 972 1,067 Primary income on FDI 31 35 52 87 107 56 102 60 Current account balance -162 -151 -25 -52 -145 -83 -46 -31 International reserves 123 71 114 109 166 214 218 237 6. Ratios External debt stocks to exports (%) 142.7 164.4 134.0 130.5 146.1 176.8 156.7 134.3 External debt stocks to GNI (%) 81.2 102.1 96.8 96.1 106.4 104.4 105.2 96.0 Debt service to exports (%) 17.5 36.8 17.6 78.9 16.9 17.2 15.3 13.9 Short-term to external debt stocks (%) 7.9 0.7 0.7 0.7 0.6 0.7 0.5 0.6 Multilateral to external debt stocks (%) 22.1 22.0 21.6 22.6 18.1 19.7 19.7 20.6 Reserves to external debt stocks (%) 19.5 7.0 10.8 10.1 13.0 16.5 16.7 18.5 Reserves to imports (months) 2.2 1.0 1.5 1.3 1.8 2.9 2.7 2.7 70 BELIZE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 557 989 1,018 1,039 1,240 1,250 1,266 1,236 Public and publicly guaranteed 557 989 1,018 1,039 1,020 1,041 1,022 1,018 Official creditors 228 348 415 391 386 417 407 410 Multilateral 139 225 228 243 230 255 257 263 of which: IBRD 40 35 30 25 21 16 12 10 IDA 0 0 0 0 0 0 0 0 Bilateral 89 124 188 148 156 162 149 147 Private creditors 328 641 603 648 635 624 616 608 of which: Bonds 75 482 466 24 22 21 21 21 Commercial banks 245 149 129 619 610 603 595 587 Private nonguaranteed 0 0 0 0 219 209 243 218 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 218 213 100 604 109 84 39 55 Public and publicly guaranteed 218 213 100 604 41 72 32 37 Official creditors 27 48 97 63 40 70 32 37 Multilateral 22 14 17 36 16 41 22 24 of which: IBRD 2 1 0 0 0 0 0 1 IDA 0 0 0 0 0 0 0 0 Bilateral 4 34 80 26 24 30 10 13 Private creditors 192 165 3 541 2 1 0 0 of which: Bonds 86 143 0 0 0 0 0 0 Commercial banks 96 12 3 541 2 1 0 0 Private nonguaranteed 0 0 0 0 68 13 7 18 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 41 155 73 585 87 69 69 73 Public and publicly guaranteed 41 155 73 585 52 51 49 41 Official creditors 20 21 31 88 38 39 41 33 Multilateral 9 14 16 22 22 17 18 18 of which: IBRD 4 4 5 5 5 4 4 3 IDA 0 0 0 0 0 0 0 0 Bilateral 11 6 15 66 16 23 23 15 Private creditors 22 135 42 497 15 12 8 8 of which: Bonds 11 36 16 441 2 1 0 0 Commercial banks 9 98 22 52 10 8 8 8 Private nonguaranteed 0 0 0 0 35 18 20 32 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 32 73 64 64 60 56 58 59 Public and publicly guaranteed 32 73 64 64 49 45 47 48 Official creditors 12 15 17 19 17 15 13 10 Multilateral 7 10 10 11 10 8 8 6 of which: IBRD 3 2 2 2 1 1 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 4 5 7 8 7 7 5 3 Private creditors 20 58 47 45 31 30 34 38 of which: Bonds 1 41 36 23 2 2 2 2 Commercial banks 18 16 10 21 29 28 32 37 Private nonguaranteed 0 0 0 0 12 11 11 11 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 213 57 31 21 200 20 12 -29 Net flows on external debt 176 57 28 19 22 22 -30 -18 9. Debt restructurings Total amount rescheduled 0 0 0 0 7 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 33 34 36 36 43 37 35 34 Interest 12 13 12 12 11 10 9 8 Private creditors Principal 87 49 45 29 22 17 14 36 Interest 37 32 30 28 26 25 24 24 Notes: Long-term private nonguaranteed debt data are revised from 2008 based on reports provided by the country. 71 BENIN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,400 1,551 647 771 924 1,147 1,288 1,423 Long-term external debt 1,238 1,444 589 747 849 972 1,110 1,190 Public and publicly guaranteed 1,238 1,444 589 747 849 972 1,110 1,190 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 96 66 17 19 37 132 146 177 Short-term external debt 66 41 41 5 37 44 32 55 interest arrears on long-term 1 2 2 5 4 32 25 29 Memorandum items Principal arrears on long-term 2 6 8 9 13 36 43 57 Long-term public sector debt 1,238 1,444 589 747 849 972 1,110 1,190 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 140 239 91 228 147 232 284 186 External debt flows Disbursements 48 98 154 160 162 155 202 145 Long-term external debt 39 97 153 159 143 139 186 112 IMF purchases 9 1 1 1 19 16 16 34 Principal repayments 53 31 27 18 17 24 30 26 Long-term external debt 43 24 27 18 17 24 30 26 IMF repurchases 11 7 0 0 0 0 0 0 Net flows -54 82 128 103 178 110 168 138 Long-term external debt -4 73 126 140 127 115 157 86 Short-term external debt -48 15 0 -39 33 -21 -5 19 Interest payments 22 16 14 12 42 12 13 12 Long-term external debt 16 14 12 10 41 12 13 12 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 4 2 2 1 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 60 -9 -12 139 48 -19 53 118 Portfolio equity 0 2 0 5 -2 9 5 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 4.4 5.0 3.9 3.2 5.4 10.0 9.5 Japanese yen 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 54.7 50.6 27.3 28.0 24.5 21.9 20.4 19.4 4. Average terms of new commitments Official creditors Interest (%) 1.9 1.5 1.2 1.5 1.5 1.3 1.0 1.5 Maturity (years) 32.7 31.1 32.6 32.5 30.1 36.8 31.5 29.7 Grace period (years) 8.3 8.6 8.3 8.4 8.0 8.9 9.4 5.6 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2,243 4,259 4,623 5,428 6,672 6,618 6,576 7,313 Exports of goods, services & prim. income 552 797 976 1,386 1,675 1,489 1,707 .. Personal transfers & comp. of employees 87 147 195 240 207 126 139 151 Imports of goods, services & prim. income 744 1,188 1,452 2,188 2,456 2,310 2,393 .. Primary income on FDI -1 9 15 53 30 32 55 0 Current account balance -81 -226 -217 -534 -536 -649 -530 .. International reserves 459 655 912 1,209 1,263 1,230 1,200 887 6. Ratios External debt stocks to exports (%) 253.7 194.6 66.3 55.7 55.1 77.1 75.4 .. External debt stocks to GNI (%) 62.4 36.4 14.0 14.2 13.8 17.3 19.6 19.5 Debt service to exports (%) 13.6 6.0 4.2 2.2 3.5 2.5 2.5 .. Short-term to external debt stocks (%) 4.7 2.6 6.3 0.6 4.1 3.8 2.5 3.8 Multilateral to external debt stocks (%) 69.2 87.4 71.5 77.3 74.9 69.9 72.0 69.6 Reserves to external debt stocks (%) 32.8 42.2 141.0 156.8 136.8 107.2 93.2 62.4 Reserves to imports (months) 7.4 6.6 7.5 6.6 6.2 6.4 6.0 .. 72 BENIN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,238 1,444 589 747 849 972 1,110 1,190 Public and publicly guaranteed 1,238 1,444 589 747 849 972 1,110 1,190 Official creditors 1,235 1,444 589 747 849 972 1,110 1,190 Multilateral 969 1,356 463 597 692 802 927 990 of which: IBRD 0 0 0 0 0 0 0 0 IDA 578 771 126 176 255 309 383 402 Bilateral 266 88 127 151 157 170 183 200 Private creditors 3 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 39 97 153 159 143 139 186 112 Public and publicly guaranteed 39 97 153 159 143 139 186 112 Official creditors 39 97 153 159 143 139 186 112 Multilateral 27 92 85 138 138 117 166 95 of which: IBRD 0 0 0 0 0 0 0 0 IDA 36 49 32 43 84 51 79 22 Bilateral 12 4 68 21 5 22 21 17 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 43 24 27 18 17 24 30 26 Public and publicly guaranteed 43 24 27 18 17 24 30 26 Official creditors 43 20 27 18 17 24 30 26 Multilateral 14 20 21 17 14 17 21 23 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 6 3 0 0 0 0 0 Bilateral 28 1 6 2 3 8 8 3 Private creditors 0 4 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 16 14 12 10 41 12 13 12 Public and publicly guaranteed 16 14 12 10 41 12 13 12 Official creditors 16 14 12 10 41 12 13 12 Multilateral 11 13 12 10 24 10 11 11 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 6 4 1 2 2 2 3 Bilateral 5 1 1 1 17 2 2 1 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -88 -61 -904 124 152 223 141 135 Net flows on external debt -54 82 128 103 178 110 168 138 9. Debt restructurings Total amount rescheduled 53 0 0 0 0 0 0 0 Total amount forgiven 7 15 1,076 0 6 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 55 62 62 65 63 65 65 65 Interest 16 17 18 18 17 17 16 15 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 73 BHUTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 212 658 722 803 695 761 907 1,035 Long-term external debt 202 637 697 775 678 747 892 1,021 Public and publicly guaranteed 202 637 697 775 678 747 892 1,021 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 8 9 9 9 9 9 9 9 Short-term external debt 2 12 16 18 8 5 6 5 interest arrears on long-term 0 4 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 4 0 0 0 0 0 0 Long-term public sector debt 202 637 697 775 678 747 892 1,021 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 85 60 25 556 0 176 1,045 63 External debt flows Disbursements 35 82 45 32 32 92 178 267 Long-term external debt 35 82 45 32 32 92 178 267 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 5 5 6 24 43 41 47 47 Long-term external debt 5 5 6 24 43 41 47 47 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 30 85 47 10 -22 48 132 219 Long-term external debt 30 77 39 8 -12 51 131 220 Short-term external debt 0 8 8 2 -10 -3 1 -1 Interest payments 2 2 5 8 38 34 38 38 Long-term external debt 2 2 3 7 38 34 37 38 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 0 1 1 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment .. .. 6 74 3 7 19 16 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 9.6 10.9 11.1 11.6 11.5 10.1 8.9 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 3.3 3.6 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 17.7 18.2 19.2 19.0 22.9 24.0 22.3 23.4 4. Average terms of new commitments Official creditors Interest (%) 3.6 0.8 1.4 9.2 0.8 4.3 9.8 0.5 Maturity (years) 32.1 28.6 32.0 19.9 38.9 24.7 22.4 31.2 Grace period (years) 10.5 7.1 8.5 7.7 9.4 6.1 8.0 9.6 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 419 713 911 1,093 1,073 1,144 1,420 1,594 Exports of goods, services & prim. income .. .. 382 656 686 591 625 761 Personal transfers & comp. of employees .. .. 2 3 4 5 8 10 Imports of goods, services & prim. income .. .. 565 608 832 737 1,006 1,399 Primary income on FDI .. .. 0 1 3 -1 4 4 Current account balance .. .. -79 143 -28 -20 -142 -355 International reserves 318 467 545 699 765 891 1,002 790 6. Ratios External debt stocks to exports (%) .. .. 189.3 122.4 101.2 128.7 145.2 136.1 External debt stocks to GNI (%) 50.5 92.3 79.3 73.4 64.7 66.5 63.9 65.0 Debt service to exports (%) .. .. 2.8 4.9 11.9 12.8 13.5 11.1 Short-term to external debt stocks (%) 0.7 1.9 2.2 2.2 1.2 0.7 0.7 0.5 Multilateral to external debt stocks (%) 47.6 26.9 27.1 27.9 34.3 37.6 36.5 37.2 Reserves to external debt stocks (%) 150.1 71.1 75.5 87.1 110.1 117.0 110.4 76.3 Reserves to imports (months) .. .. 11.6 13.8 11.0 14.5 12.0 6.8 74 BHUTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 202 637 697 775 678 747 892 1,021 Public and publicly guaranteed 202 637 697 775 678 747 892 1,021 Official creditors 202 637 697 775 678 747 892 1,021 Multilateral 101 177 196 224 238 286 332 385 of which: IBRD 0 0 0 0 0 0 0 0 IDA 26 63 76 87 94 114 112 138 Bilateral 102 460 502 551 439 461 561 636 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 35 82 45 32 32 92 178 267 Public and publicly guaranteed 35 82 45 32 32 92 178 267 Official creditors 35 82 45 32 32 92 178 267 Multilateral 12 22 15 21 15 51 50 60 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 8 10 9 9 20 2 29 Bilateral 23 60 30 10 17 41 128 207 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 5 5 6 24 43 41 47 47 Public and publicly guaranteed 5 5 6 24 43 41 47 47 Official creditors 5 5 6 24 43 41 47 47 Multilateral 1 2 2 3 4 5 6 7 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 1 1 1 1 2 2 Bilateral 3 2 3 21 40 36 40 40 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 2 2 3 7 38 34 37 38 Public and publicly guaranteed 2 2 3 7 38 34 37 38 Official creditors 2 2 3 7 38 34 37 38 Multilateral 1 2 2 2 2 2 3 4 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 1 1 1 1 1 1 Bilateral 1 0 2 5 36 32 34 34 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 20 55 65 80 -108 67 146 128 Net flows on external debt 30 85 47 10 -22 48 132 219 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 68 73 76 112 86 76 107 120 Interest 29 24 19 53 45 66 103 113 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. 75 BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 5,885 6,961 5,851 5,421 5,936 6,021 6,050 6,474 Long-term external debt 5,228 6,497 5,576 4,823 5,377 5,196 5,170 5,587 Public and publicly guaranteed 4,201 4,583 3,189 2,202 2,409 2,549 2,812 3,414 Private nonguaranteed 1,026 1,914 2,388 2,621 2,969 2,647 2,358 2,173 Use of IMF credit 255 282 55 42 41 257 253 252 Short-term external debt 402 182 220 555 518 568 628 635 interest arrears on long-term 2 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 19 0 0 0 0 0 0 0 Long-term public sector debt 3,824 4,560 3,171 2,192 2,399 2,539 2,801 3,404 Long-term private sector debt 1,403 1,937 2,406 2,631 2,978 2,656 2,368 2,183 Public & publicly guaranteed commitments 180 551 185 1,059 1,173 1,156 881 1,226 External debt flows Disbursements 760 895 364 912 1,263 512 552 775 Long-term external debt 745 880 364 912 1,263 512 552 775 IMF purchases 15 14 0 0 0 0 0 0 Principal repayments 458 356 209 540 767 454 568 358 Long-term external debt 438 316 209 525 767 454 568 358 IMF repurchases 20 40 0 15 0 0 0 0 Net flows 291 448 193 707 459 108 44 425 Long-term external debt 306 564 155 386 496 58 -16 417 Short-term external debt -10 -91 38 335 -37 50 60 7 Interest payments 183 176 217 212 189 139 96 98 Long-term external debt 160 159 203 194 175 119 76 78 IMF charges 3 7 3 2 0 1 1 0 Short-term external debt 20 10 10 15 13 19 20 20 2. Other non-debt resource inflows Foreign direct investment 736 -239 281 366 512 423 622 859 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.5 2.6 4.2 3.6 3.1 2.7 2.2 Japanese yen 12.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.2 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 44.3 75.1 65.9 76.2 79.4 81.8 84.6 86.7 4. Average terms of new commitments Official creditors Interest (%) 4.3 4.9 4.1 2.7 3.6 3.4 2.1 1.6 Maturity (years) 28.1 21.6 24.9 22.8 19.9 22.3 20.7 21.5 Grace period (years) 7.8 5.6 5.8 5.2 5.3 5.2 4.6 1.1 Private creditors Interest (%) 1.8 0.0 0.0 5.0 4.8 1.8 0.1 0.0 Maturity (years) 34.3 0.0 0.0 2.0 2.7 15.0 35.7 0.0 Grace period (years) 8.6 0.0 0.0 2.0 2.0 4.5 26.8 0.0 5. Major economic aggregates Gross national income (GNI) 8,172 9,173 11,054 12,631 16,139 16,666 18,790 23,441 Exports of goods, services & prim. income 1,610 3,401 4,585 5,325 7,369 5,663 6,919 9,260 Personal transfers & comp. of employees 127 337 603 1,055 1,135 1,058 960 1,043 Imports of goods, services & prim. income 2,443 3,362 4,090 4,999 6,661 6,062 7,126 9,900 Primary income on FDI 148 271 392 644 681 769 863 977 Current account balance -446 622 1,317 1,591 1,993 814 874 537 International reserves 926 1,328 2,615 4,554 6,927 7,584 8,134 9,911 6. Ratios External debt stocks to exports (%) 365.6 204.7 127.6 101.8 80.6 106.3 87.4 69.9 External debt stocks to GNI (%) 72.0 75.9 52.9 42.9 36.8 36.1 32.2 27.6 Debt service to exports (%) 39.8 15.7 9.3 14.1 13.0 10.5 9.6 4.9 Short-term to external debt stocks (%) 6.8 2.6 3.8 10.2 8.7 9.4 10.4 9.8 Multilateral to external debt stocks (%) 48.7 60.6 47.3 31.3 30.5 32.8 37.4 40.1 Reserves to external debt stocks (%) 15.7 19.1 44.7 84.0 116.7 126.0 134.4 153.1 Reserves to imports (months) 4.6 4.7 7.7 10.9 12.5 15.0 13.7 12.0 76 BOLIVIA, PLURINATIONAL STATE OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,228 6,497 5,576 4,823 5,377 5,196 5,170 5,587 Public and publicly guaranteed 4,201 4,583 3,189 2,202 2,409 2,549 2,812 3,414 Official creditors 4,168 4,556 3,161 2,166 2,312 2,457 2,788 3,325 Multilateral 2,868 4,220 2,768 1,699 1,810 1,978 2,265 2,597 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,096 1,673 233 259 281 316 355 395 Bilateral 1,300 336 393 468 502 480 523 729 Private creditors 33 27 28 36 97 92 24 89 of which: Bonds 0 0 0 10 10 0 0 0 Commercial banks 3 5 8 8 74 81 14 80 Private nonguaranteed 1,026 1,914 2,388 2,621 2,969 2,647 2,358 2,173 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 745 880 364 912 1,263 512 552 775 Public and publicly guaranteed 277 434 259 319 590 415 522 775 Official creditors 264 429 255 308 524 408 519 708 Multilateral 239 346 183 222 458 330 436 484 of which: IBRD 0 0 0 0 0 0 0 0 IDA 61 71 34 16 25 34 46 45 Bilateral 25 83 72 86 66 79 84 225 Private creditors 13 4 4 10 67 7 3 67 of which: Bonds 0 0 0 10 0 0 0 0 Commercial banks 0 4 3 0 66 7 0 66 Private nonguaranteed 468 447 105 593 673 97 30 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 438 316 209 525 767 454 568 358 Public and publicly guaranteed 157 185 201 166 376 197 247 173 Official creditors 153 183 197 162 371 184 177 171 Multilateral 122 170 182 145 352 166 139 148 of which: IBRD 12 0 0 0 0 0 0 0 IDA 0 8 5 0 1 2 2 3 Bilateral 32 13 14 16 19 18 38 22 Private creditors 4 2 4 4 5 13 70 2 of which: Bonds 0 0 0 0 0 10 0 0 Commercial banks 1 1 1 0 0 0 66 1 Private nonguaranteed 281 131 8 360 392 257 322 185 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 160 159 203 194 175 119 76 78 Public and publicly guaranteed 113 100 112 103 98 71 54 57 Official creditors 112 100 111 103 98 67 50 54 Multilateral 83 94 102 92 88 57 42 43 of which: IBRD 1 0 0 0 0 0 0 0 IDA 1 12 6 2 2 2 2 3 Bilateral 29 5 10 11 10 10 8 11 Private creditors 1 0 0 0 1 4 4 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 3 4 4 Private nonguaranteed 47 59 92 91 77 48 22 20 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 232 682 -1,110 -431 516 84 29 424 Net flows on external debt 291 448 193 707 459 108 44 425 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 64 65 1,788 1,182 17 87 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 197 247 292 327 328 337 335 323 Interest 77 86 89 87 83 80 72 66 Private creditors Principal 622 772 260 248 119 76 241 32 Interest 62 49 18 15 12 10 13 4 Notes: Data include the effects of HIPC and MDRI debt relief. 77 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,800 6,378 7,132 9,252 9,818 11,336 10,934 10,729 Long-term external debt 2,619 5,326 5,910 7,531 8,879 9,119 9,128 8,655 Public and publicly guaranteed 1,957 2,559 2,722 2,967 3,008 3,578 3,733 3,874 Private nonguaranteed 663 2,767 3,188 4,564 5,871 5,541 5,394 4,781 Use of IMF credit 131 91 51 35 32 539 769 766 Short-term external debt 49 960 1,171 1,687 907 1,678 1,038 1,308 interest arrears on long-term 1 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 0 0 0 0 0 0 0 Long-term public sector debt 1,957 2,559 2,722 2,967 3,008 3,578 3,733 3,874 Long-term private sector debt 663 2,767 3,188 4,564 5,871 5,541 5,394 4,781 Public & publicly guaranteed commitments 197 120 616 232 302 375 781 164 External debt flows Disbursements 138 540 756 1,023 471 683 748 551 Long-term external debt 103 540 756 1,023 471 401 510 551 IMF purchases 36 0 0 0 0 282 237 0 Principal repayments 190 134 148 128 139 171 450 529 Long-term external debt 170 95 104 109 137 171 450 529 IMF repurchases 20 39 44 18 2 0 0 0 Net flows -41 1,052 820 1,411 -448 1,283 -343 292 Long-term external debt -68 445 653 913 335 231 60 22 Short-term external debt 11 647 211 516 -780 771 -640 270 Interest payments 129 176 242 314 397 354 351 341 Long-term external debt 119 136 171 231 316 271 263 251 IMF charges 6 4 4 2 0 2 6 8 Short-term external debt 3 35 68 81 81 81 81 81 2. Other non-debt resource inflows Foreign direct investment 146 624 846 2,107 1,005 142 264 415 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 34.0 35.8 38.2 39.1 48.7 50.8 53.0 Japanese yen 0.0 1.2 1.3 1.2 1.5 1.2 1.3 1.2 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.3 1.7 1.2 1.2 1.2 1.1 1.0 0.8 U.S.dollars 27.6 41.2 40.8 40.0 39.0 32.7 30.9 29.4 4. Average terms of new commitments Official creditors Interest (%) 3.7 1.9 3.1 3.9 4.7 1.7 1.0 1.8 Maturity (years) 23.3 17.1 20.6 22.3 16.2 16.1 21.3 15.5 Grace period (years) 6.7 5.9 6.9 6.1 4.3 4.8 6.9 5.2 Private creditors Interest (%) 0.0 0.0 2.9 4.2 1.2 1.0 1.4 2.2 Maturity (years) 0.0 0.0 12.1 15.1 13.4 13.5 13.0 14.1 Grace period (years) 0.0 0.0 2.9 6.9 6.0 4.5 3.5 3.7 5. Major economic aggregates Gross national income (GNI) 6,096 11,416 12,792 15,740 19,213 17,661 16,926 18,316 Exports of goods, services & prim. income 2,247 4,227 5,254 6,728 8,041 6,347 6,811 7,961 Personal transfers & comp. of employees 1,607 2,038 2,149 2,686 2,727 2,127 1,822 1,958 Imports of goods, services & prim. income 4,234 8,103 8,486 11,093 13,486 9,738 10,056 12,024 Primary income on FDI 0 97 175 344 187 -70 27 152 Current account balance -396 -1,844 -998 -1,648 -2,605 -1,088 -946 -1,588 International reserves 497 2,548 3,671 5,042 4,480 4,529 4,366 4,150 6. Ratios External debt stocks to exports (%) 124.6 150.9 135.8 137.5 122.1 178.6 160.5 134.8 External debt stocks to GNI (%) 45.9 55.9 55.8 58.8 51.1 64.2 64.6 58.6 Debt service to exports (%) 14.2 7.3 7.4 6.6 6.7 8.3 11.8 10.9 Short-term to external debt stocks (%) 1.8 15.1 16.4 18.2 9.2 14.8 9.5 12.2 Multilateral to external debt stocks (%) 45.2 26.8 25.3 21.0 20.2 19.4 22.1 23.8 Reserves to external debt stocks (%) 17.7 39.9 51.5 54.5 45.6 40.0 39.9 38.7 Reserves to imports (months) 1.4 3.8 5.2 5.5 4.0 5.6 5.2 4.1 78 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,619 5,326 5,910 7,531 8,879 9,119 9,128 8,655 Public and publicly guaranteed 1,957 2,559 2,722 2,967 3,008 3,578 3,733 3,874 Official creditors 1,832 2,404 2,553 2,772 2,808 3,050 3,267 3,451 Multilateral 1,266 1,712 1,802 1,942 1,984 2,198 2,416 2,552 of which: IBRD 562 481 466 453 443 417 445 458 IDA 398 921 983 1,068 1,077 1,102 1,180 1,193 Bilateral 566 692 751 830 824 852 852 900 Private creditors 125 155 169 195 200 527 466 423 of which: Bonds 0 0 0 0 0 322 273 241 Commercial banks 125 155 169 195 200 206 193 182 Private nonguaranteed 663 2,767 3,188 4,564 5,871 5,541 5,394 4,781 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 103 540 756 1,023 471 401 510 551 Public and publicly guaranteed 98 153 128 150 189 329 441 385 Official creditors 98 153 128 138 163 316 427 372 Multilateral 90 133 94 118 128 271 372 287 of which: IBRD 0 0 0 0 0 0 50 41 IDA 44 56 27 57 29 33 115 37 Bilateral 8 21 34 20 35 46 55 85 Private creditors 0 0 0 12 26 12 14 13 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 12 26 12 14 13 Private nonguaranteed 5 386 628 873 282 73 69 166 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 170 95 104 109 137 171 450 529 Public and publicly guaranteed 170 54 67 79 91 110 145 172 Official creditors 170 51 63 72 82 97 108 129 Multilateral 166 44 56 63 71 84 94 111 of which: IBRD 0 24 24 24 25 25 25 26 IDA 0 0 4 9 12 15 18 21 Bilateral 3 7 8 9 11 13 14 18 Private creditors 0 3 3 7 9 13 37 43 of which: Bonds 0 0 0 0 0 0 25 26 Commercial banks 0 3 3 7 9 13 13 17 Private nonguaranteed 1 41 37 30 46 61 305 357 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 119 136 171 231 316 271 263 251 Public and publicly guaranteed 89 53 61 70 80 63 55 66 Official creditors 86 48 56 63 70 56 47 55 Multilateral 74 35 43 49 54 41 32 40 of which: IBRD 33 17 23 26 26 17 8 8 IDA 3 7 8 8 8 8 8 9 Bilateral 13 13 13 14 16 14 15 15 Private creditors 2 6 6 6 10 8 9 11 of which: Bonds 0 0 0 0 0 0 5 6 Commercial banks 2 6 6 6 10 8 3 4 Private nonguaranteed 30 83 109 161 235 208 208 185 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 395 804 755 2,120 565 1,518 -401 -205 Net flows on external debt -41 1,052 820 1,411 -448 1,283 -343 292 9. Debt restructurings Total amount rescheduled 4 0 0 0 0 0 0 2 Total amount forgiven 0 0 0 0 0 28 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 176 201 229 242 249 261 277 281 Interest 65 65 64 61 57 52 47 42 Private creditors Principal 1,337 954 863 530 435 339 271 222 Interest 198 146 109 75 55 39 27 17 Notes: Long-term private nonguaranteed debt data from 2005 are World Bank staff estimates. Short-term debt is based on data from the BIS. 79 BOTSWANA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 458 454 389 420 440 1,707 1,797 2,396 Long-term external debt 438 412 358 391 391 1,388 1,352 1,897 Public and publicly guaranteed 438 412 358 391 391 1,388 1,352 1,897 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 6 6 7 7 7 90 88 88 Short-term external debt 15 35 24 22 43 229 357 411 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 0 0 0 0 0 0 0 Long-term public sector debt 432 412 358 391 391 1,388 1,352 1,897 Long-term private sector debt 5 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 0 75 50 0 1,777 341 1 External debt flows Disbursements 28 11 4 50 54 1,006 17 595 Long-term external debt 28 11 4 50 54 1,006 17 595 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 52 40 45 37 61 36 56 50 Long-term external debt 52 40 45 37 61 36 56 50 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -29 -17 -51 11 15 1,156 89 598 Long-term external debt -24 -30 -40 13 -6 970 -39 544 Short-term external debt -5 13 -11 -2 21 186 128 54 Interest payments 17 13 12 11 8 11 20 22 Long-term external debt 15 12 10 9 7 9 16 16 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 1 1 2 1 1 2 4 6 2. Other non-debt resource inflows Foreign direct investment 57 492 751 647 902 824 265 587 Portfolio equity -6 27 36 9 -37 17 18 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 6.9 8.2 8.0 7.2 2.0 0.3 0.2 Japanese yen 11.4 17.1 10.4 13.3 13.9 3.5 3.6 2.4 Pound sterling 2.3 5.2 6.1 5.5 3.6 1.0 0.8 0.5 Swiss franc 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 18.0 20.5 20.8 18.3 24.9 7.7 8.1 8.1 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.0 4.6 3.3 0.0 0.8 1.0 0.6 Maturity (years) 0.0 0.0 18.2 20.9 0.0 20.7 23.4 38.1 Grace period (years) 0.0 0.0 5.2 5.9 0.0 5.8 4.5 10.5 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 5,281 9,420 10,483 11,641 12,811 11,496 14,699 17,398 Exports of goods, services & prim. income 3,378 5,740 5,829 6,402 6,147 4,283 5,441 .. Personal transfers & comp. of employees 26 118 104 92 101 76 32 63 Imports of goods, services & prim. income 3,050 4,851 4,754 5,618 6,319 5,410 6,374 .. Primary income on FDI 658 1,066 1,043 989 1,057 377 598 0 Current account balance 545 1,562 1,946 2,015 868 -521 46 .. International reserves 6,318 6,309 7,992 9,790 9,119 8,704 7,885 8,082 6. Ratios External debt stocks to exports (%) 13.6 7.9 6.7 6.6 7.2 39.9 33.0 .. External debt stocks to GNI (%) 8.7 4.8 3.7 3.6 3.4 14.9 12.2 13.8 Debt service to exports (%) 2.0 0.9 1.0 0.7 1.1 1.1 1.4 .. Short-term to external debt stocks (%) 3.3 7.7 6.2 5.2 9.8 13.4 19.9 17.2 Multilateral to external debt stocks (%) 64.9 57.8 63.1 57.2 56.2 73.3 68.0 74.9 Reserves to external debt stocks (%) 1,378.2 1,391.1 2,056.0 2,331.0 2,070.1 509.8 438.8 337.3 Reserves to imports (months) 24.9 15.6 20.2 20.9 17.3 19.3 14.8 .. 80 BOTSWANA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 438 412 358 391 391 1,388 1,352 1,897 Public and publicly guaranteed 438 412 358 391 391 1,388 1,352 1,897 Official creditors 410 401 349 384 389 1,387 1,351 1,896 Multilateral 297 262 245 240 248 1,252 1,222 1,795 of which: IBRD 16 2 1 0 0 0 6 59 IDA 9 7 6 6 5 5 4 4 Bilateral 112 139 104 144 141 135 129 101 Private creditors 28 12 9 7 2 2 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 20 7 5 4 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 28 11 4 50 54 1,006 17 595 Public and publicly guaranteed 28 11 4 50 54 1,006 17 595 Official creditors 24 11 4 50 54 1,006 17 595 Multilateral 8 0 2 8 44 997 16 595 of which: IBRD 0 0 0 0 0 0 6 53 IDA 0 0 0 0 0 0 0 0 Bilateral 16 11 3 43 11 9 1 0 Private creditors 4 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 52 40 45 37 61 36 56 50 Public and publicly guaranteed 52 40 45 37 61 36 56 50 Official creditors 45 38 42 35 56 35 55 50 Multilateral 33 28 30 25 26 21 41 19 of which: IBRD 7 1 1 1 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 12 10 12 10 30 14 14 32 Private creditors 7 2 2 2 5 1 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 6 2 2 2 4 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 15 12 10 9 7 9 16 16 Public and publicly guaranteed 15 12 10 9 7 9 16 16 Official creditors 14 11 10 9 7 9 16 16 Multilateral 11 8 7 6 5 5 12 14 of which: IBRD 1 0 0 0 0 0 1 0 IDA 0 0 0 0 0 0 0 0 Bilateral 3 4 3 3 3 3 3 2 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -52 -63 -65 31 21 1,267 90 599 Net flows on external debt -29 -17 -51 11 15 1,156 89 598 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 28 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 35 34 36 144 147 152 155 151 Interest 20 20 21 21 20 19 17 16 Private creditors Principal 1 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. 81 BRAZIL (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 242,512 188,365 194,305 238,446 262,959 281,651 352,440 404,317 Long-term external debt 209,303 163,859 173,440 198,632 225,755 237,336 282,498 357,738 Public and publicly guaranteed 96,622 94,355 84,552 79,870 79,912 87,510 97,557 94,977 Private nonguaranteed 112,682 69,505 88,889 118,762 145,842 149,826 184,940 262,761 Use of IMF credit 2,235 513 540 567 552 4,526 4,446 4,432 Short-term external debt 30,973 23,993 20,325 39,248 36,652 39,789 65,496 42,146 interest arrears on long-term 176 0 2 2 8 3 4 6 Memorandum items Principal arrears on long-term 1,821 18 3 6 5 9 4 2 Long-term public sector debt 96,176 93,004 83,351 78,649 78,663 84,901 94,456 91,599 Long-term private sector debt 113,127 70,855 90,089 119,983 147,092 152,435 188,042 266,139 Public & publicly guaranteed commitments 30,607 12,659 9,253 11,070 12,812 25,753 17,859 12,195 External debt flows Disbursements 44,079 27,414 52,636 59,915 69,559 57,675 85,379 111,679 Long-term external debt 44,079 27,414 52,636 59,915 69,559 57,675 85,379 111,679 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 41,439 49,597 47,429 40,466 40,353 30,470 32,024 41,777 Long-term external debt 34,746 25,787 47,429 40,466 40,353 30,470 32,024 41,777 IMF repurchases 6,693 23,810 0 0 0 0 0 0 Net flows 4,471 -23,457 1,537 38,372 26,604 30,347 79,061 46,550 Long-term external debt 9,333 1,627 5,207 19,449 29,206 27,205 53,354 69,902 Short-term external debt 1,831 -1,274 -3,670 18,923 -2,602 3,142 25,706 -23,352 Interest payments 17,148 13,308 14,817 14,543 16,188 14,054 13,855 17,293 Long-term external debt 15,297 10,314 13,160 13,034 15,046 13,554 13,157 16,615 IMF charges 357 1,094 131 19 5 10 14 5 Short-term external debt 1,494 1,900 1,526 1,489 1,138 489 684 673 2. Other non-debt resource inflows Foreign direct investment 32,779 15,460 19,378 44,579 50,716 31,481 53,345 71,539 Portfolio equity 3,076 6,451 7,716 26,217 -7,565 37,071 37,684 6,198 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 9.4 10.4 9.8 9.0 7.2 6.1 5.0 Japanese yen 7.4 6.1 5.4 4.7 5.9 5.0 5.0 3.9 Pound sterling 1.0 0.2 0.3 0.0 0.1 0.1 0.1 0.2 Swiss franc 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.2 U.S.dollars 70.0 79.1 78.7 80.5 80.3 84.0 85.2 87.5 4. Average terms of new commitments Official creditors Interest (%) 5.7 4.7 6.0 4.6 3.6 2.4 0.9 1.0 Maturity (years) 8.6 18.5 17.1 16.7 23.6 15.2 25.1 21.9 Grace period (years) 1.3 4.3 4.4 3.9 3.8 5.0 4.7 4.4 Private creditors Interest (%) 9.9 8.7 7.5 8.5 5.4 5.6 5.5 4.5 Maturity (years) 15.9 14.5 15.1 13.7 14.1 11.2 10.3 9.9 Grace period (years) 14.2 14.0 14.9 9.4 13.6 9.0 9.4 9.6 5. Major economic aggregates Gross national income (GNI) 626,768 856,882 1,061,994 1,337,850 1,613,694 1,589,584 2,104,366 2,429,813 Exports of goods, services & prim. income 68,205 136,200 162,741 196,096 240,904 189,549 241,142 305,226 Personal transfers & comp. of employees 1,649 2,805 3,287 3,306 3,643 2,889 2,640 2,634 Imports of goods, services & prim. income 93,950 125,773 153,426 198,574 273,320 217,189 291,252 360,655 Primary income on FDI 4,238 11,035 13,884 19,692 28,773 21,029 26,584 31,716 Current account balance -24,225 13,985 13,621 1,551 -28,192 -24,302 -47,323 -52,612 International reserves 32,434 53,245 85,156 179,433 192,844 237,364 287,056 350,356 6. Ratios External debt stocks to exports (%) 355.6 138.3 119.4 121.6 109.2 148.6 146.2 132.5 External debt stocks to GNI (%) 38.7 22.0 18.3 17.8 16.3 17.7 16.7 16.6 Debt service to exports (%) 85.9 46.2 38.2 28.1 23.5 23.5 19.0 19.4 Short-term to external debt stocks (%) 12.8 12.7 10.5 16.5 13.9 14.1 18.6 10.4 Multilateral to external debt stocks (%) 7.8 10.4 11.4 9.6 9.4 8.9 8.5 6.2 Reserves to external debt stocks (%) 13.4 28.3 43.8 75.3 73.3 84.3 81.4 86.7 Reserves to imports (months) 4.1 5.1 6.7 10.8 8.5 13.1 11.8 11.7 82 BRAZIL (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 209,303 163,859 173,440 198,632 225,755 237,336 282,498 357,738 Public and publicly guaranteed 96,622 94,355 84,552 79,870 79,912 87,510 97,557 94,977 Official creditors 29,845 26,160 25,671 26,406 29,269 32,595 41,460 36,517 Multilateral 18,825 19,673 22,217 22,979 24,587 24,953 29,923 25,175 of which: IBRD 7,377 8,083 9,694 9,676 10,671 10,065 13,523 9,034 IDA 0 0 0 0 0 0 0 0 Bilateral 11,021 6,487 3,454 3,427 4,682 7,642 11,537 11,342 Private creditors 66,776 68,194 58,881 53,464 50,643 54,916 56,097 58,460 of which: Bonds 54,096 59,077 50,247 46,826 43,237 48,350 47,879 46,474 Commercial banks 11,478 8,331 8,502 6,336 7,191 6,379 7,986 11,759 Private nonguaranteed 112,682 69,505 88,889 118,762 145,842 149,826 184,940 262,761 of which: Bonds 16,846 35,969 38,764 45,311 37,855 53,342 83,032 79,363 Disbursements 44,079 27,414 52,636 59,915 69,559 57,675 85,379 111,679 Public and publicly guaranteed 19,664 13,207 11,136 6,285 16,696 13,732 19,957 13,876 Official creditors 5,272 3,327 4,253 2,065 4,353 6,845 11,317 3,248 Multilateral 4,506 2,326 3,869 1,987 2,967 3,270 7,010 2,859 of which: IBRD 1,692 773 2,203 606 1,726 1,274 4,472 2,018 IDA 0 0 0 0 0 0 0 0 Bilateral 766 1,001 384 78 1,386 3,575 4,307 389 Private creditors 14,391 9,880 6,883 4,220 12,342 6,887 8,640 10,627 of which: Bonds 10,836 8,252 5,614 3,363 10,254 6,100 5,433 3,631 Commercial banks 3,532 1,608 1,250 806 2,080 728 3,092 6,966 Private nonguaranteed 24,415 14,207 41,500 53,630 52,863 43,943 65,422 97,803 of which: Bonds 2,886 6,579 9,832 13,930 6,754 17,015 32,384 30,765 Principal repayments 34,746 25,787 47,429 40,466 40,353 30,470 32,024 41,777 Public and publicly guaranteed 10,932 9,481 24,516 14,124 16,351 7,784 9,626 15,851 Official creditors 7,093 3,334 4,567 2,294 2,402 3,447 2,662 8,349 Multilateral 4,357 1,808 1,545 1,711 1,765 2,865 1,958 7,703 of which: IBRD 887 1,029 743 805 812 1,872 960 6,571 IDA 0 0 0 0 0 0 0 0 Bilateral 2,736 1,526 3,022 584 638 582 703 646 Private creditors 3,839 6,147 19,949 11,829 13,949 4,338 6,965 7,502 of which: Bonds 2,056 4,187 18,083 8,282 12,001 2,760 5,770 4,281 Commercial banks 1,546 1,923 1,825 3,449 1,863 1,494 1,119 3,187 Private nonguaranteed 23,813 16,306 22,914 26,343 24,002 22,685 22,398 25,925 of which: Bonds 2,775 7,063 5,479 8,471 2,420 1,585 2,656 3,666 Interest payments 15,297 10,314 13,160 13,034 15,046 13,554 13,157 16,615 Public and publicly guaranteed 6,943 6,700 7,146 7,078 6,057 5,656 5,172 5,446 Official creditors 1,932 1,058 1,234 1,361 1,291 1,083 967 1,012 Multilateral 1,424 818 984 1,183 1,119 926 640 661 of which: IBRD 464 307 432 548 498 359 180 195 IDA 0 0 0 0 0 0 0 0 Bilateral 508 240 251 178 172 157 327 350 Private creditors 5,010 5,642 5,911 5,717 4,766 4,573 4,205 4,434 of which: Bonds 4,212 5,033 5,231 5,082 4,406 4,148 3,933 3,971 Commercial banks 759 602 672 619 346 407 262 457 Private nonguaranteed 8,355 3,614 6,014 5,956 8,989 7,898 7,985 11,169 of which: Bonds 1,562 2,161 3,799 3,454 2,842 2,936 4,207 5,859 8. Debt stock-flow reconciliation Total change in external debt stocks -2,603 -32,329 5,940 44,141 24,512 18,693 70,789 51,877 Net flows on external debt 4,471 -23,457 1,537 38,372 26,604 30,347 79,061 46,550 9. Debt restructurings Total amount rescheduled 0 4,271 0 28 265 4 78 1 Total amount forgiven 137 0 0 0 56 0 0 0 Debt buyback 6,342 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 2,745 2,504 2,610 4,741 4,644 4,566 4,254 4,039 Interest 823 790 765 700 598 495 387 287 Private creditors Principal 38,454 45,876 31,912 36,441 25,383 21,731 16,113 19,212 Interest 15,217 14,628 13,056 11,436 9,830 8,494 7,761 6,764 Notes: Long-term private nonguaranteed debt data are reported by the country. 83 BULGARIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 12,008 16,573 21,989 33,958 49,544 54,456 49,018 39,930 Long-term external debt 8,440 10,597 12,689 18,957 30,269 34,921 32,704 26,085 Public and publicly guaranteed 7,671 5,075 5,147 5,268 4,397 4,772 4,466 4,138 Private nonguaranteed 769 5,522 7,543 13,689 25,871 30,148 28,238 21,947 Use of IMF credit 2,118 1,533 1,260 965 941 958 941 938 Short-term external debt 1,450 4,442 8,040 14,036 18,334 18,578 15,373 12,907 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 0 0 0 0 0 0 0 Long-term public sector debt 7,671 5,075 5,147 5,268 4,397 4,772 4,466 4,138 Long-term private sector debt 769 5,522 7,543 13,689 25,871 30,148 28,238 21,947 Public & publicly guaranteed commitments 700 266 104 455 732 280 320 207 External debt flows Disbursements 995 3,710 3,616 7,740 15,545 8,191 1,499 3,501 Long-term external debt 719 3,710 3,616 7,740 15,545 8,191 1,499 3,501 IMF purchases 276 0 0 0 0 0 0 0 Principal repayments 712 3,352 1,992 3,033 3,641 3,817 3,381 3,596 Long-term external debt 573 2,909 1,645 2,686 3,641 3,817 3,381 3,596 IMF repurchases 139 443 346 347 0 0 0 0 Net flows 465 1,564 5,222 10,704 16,202 4,617 -5,087 -2,562 Long-term external debt 145 801 1,970 5,054 11,904 4,374 -1,881 -95 Short-term external debt 183 1,206 3,598 5,996 4,298 244 -3,205 -2,466 Interest payments 619 640 712 1,211 1,623 1,515 654 870 Long-term external debt 456 445 421 618 864 770 586 786 IMF charges 98 65 61 41 8 2 3 1 Short-term external debt 65 130 230 552 752 743 66 83 2. Other non-debt resource inflows Foreign direct investment 1,002 4,098 7,874 13,875 10,297 3,897 1,936 1,981 Portfolio equity 5 449 148 89 -106 8 9 -46 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 48.4 50.8 51.7 51.7 56.8 56.1 58.5 Japanese yen 5.5 5.1 6.4 7.4 12.9 12.4 14.4 15.2 Pound sterling 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 80.1 44.9 41.8 40.0 34.6 30.4 29.2 26.2 4. Average terms of new commitments Official creditors Interest (%) 6.2 3.0 3.7 4.9 2.3 2.0 2.4 4.0 Maturity (years) 16.7 16.2 16.1 16.6 20.7 17.6 20.1 20.3 Grace period (years) 4.4 4.7 2.6 4.5 5.1 5.3 5.8 4.8 Private creditors Interest (%) 7.6 4.2 5.0 0.0 2.0 0.0 0.0 0.0 Maturity (years) 16.0 9.4 10.0 0.0 29.2 0.0 0.0 0.0 Grace period (years) 4.9 1.9 0.5 0.0 9.2 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 12,580 28,979 32,358 38,878 49,257 46,903 46,225 51,228 Exports of goods, services & prim. income 7,321 17,674 21,972 27,487 31,897 24,384 28,139 36,663 Personal transfers & comp. of employees 58 1,613 1,716 1,694 1,919 1,592 1,333 1,483 Imports of goods, services & prim. income 8,314 22,034 28,680 39,909 45,096 29,966 30,711 38,458 Primary income on FDI 107 912 1,857 3,742 2,725 1,823 1,569 2,363 Current account balance -703 -3,347 -5,863 -11,437 -11,875 -4,256 -591 579 International reserves 3,155 8,041 10,943 16,478 16,816 17,127 15,421 15,252 6. Ratios External debt stocks to exports (%) 164.0 93.8 100.1 123.5 155.3 223.3 174.2 108.9 External debt stocks to GNI (%) 95.5 57.2 68.0 87.3 100.6 116.1 106.0 77.9 Debt service to exports (%) 18.2 22.6 12.3 15.4 16.5 21.9 14.3 12.2 Short-term to external debt stocks (%) 12.1 26.8 36.6 41.3 37.0 34.1 31.4 32.3 Multilateral to external debt stocks (%) 12.8 14.8 10.9 7.9 4.4 4.6 4.8 5.9 Reserves to external debt stocks (%) 26.3 48.5 49.8 48.5 33.9 31.5 31.5 38.2 Reserves to imports (months) 4.6 4.4 4.6 5.0 4.5 6.9 6.0 4.8 84 BULGARIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 8,440 10,597 12,689 18,957 30,269 34,921 32,704 26,085 Public and publicly guaranteed 7,671 5,075 5,147 5,268 4,397 4,772 4,466 4,138 Official creditors 2,603 3,045 3,012 3,362 3,019 3,322 3,152 3,141 Multilateral 1,542 2,457 2,392 2,674 2,198 2,507 2,330 2,362 of which: IBRD 824 1,453 1,331 1,604 1,207 1,509 1,338 1,244 IDA 0 0 0 0 0 0 0 0 Bilateral 1,061 587 620 688 821 815 823 779 Private creditors 5,068 2,030 2,135 1,906 1,378 1,450 1,314 997 of which: Bonds 4,982 1,920 2,018 1,818 1,342 1,430 1,301 991 Commercial banks 26 111 116 86 34 19 12 5 Private nonguaranteed 769 5,522 7,543 13,689 25,871 30,148 28,238 21,947 of which: Bonds 0 526 736 855 522 146 134 0 Disbursements 719 3,710 3,616 7,740 15,545 8,191 1,499 3,501 Public and publicly guaranteed 405 402 260 368 370 520 200 294 Official creditors 381 383 243 361 362 520 200 294 Multilateral 156 328 150 293 227 446 176 291 of which: IBRD 71 200 38 201 56 370 20 41 IDA 0 0 0 0 0 0 0 0 Bilateral 225 55 93 68 136 74 23 4 Private creditors 24 19 17 7 8 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 24 19 16 7 8 0 0 0 Private nonguaranteed 313 3,308 3,355 7,372 15,175 7,671 1,299 3,206 of which: Bonds 0 249 215 0 0 0 0 0 Principal repayments 573 2,909 1,645 2,686 3,641 3,817 3,381 3,596 Public and publicly guaranteed 345 1,761 515 404 733 404 268 258 Official creditors 297 255 502 299 715 266 261 251 Multilateral 58 214 430 253 658 187 185 178 of which: IBRD 27 85 276 65 462 85 90 98 IDA 0 0 0 0 0 0 0 0 Bilateral 239 41 73 47 57 79 76 73 Private creditors 48 1,507 13 105 19 138 7 7 of which: Bonds 46 1,496 0 87 0 123 0 0 Commercial banks 1 11 13 18 19 15 7 7 Private nonguaranteed 229 1,147 1,130 2,282 2,908 3,413 3,113 3,338 of which: Bonds 0 10 49 0 287 372 0 139 Interest payments 456 445 421 618 864 770 586 786 Public and publicly guaranteed 424 327 284 300 292 208 177 188 Official creditors 139 93 100 129 148 106 71 83 Multilateral 81 75 82 110 124 84 49 60 of which: IBRD 49 40 44 62 72 43 17 23 IDA 0 0 0 0 0 0 0 0 Bilateral 58 18 19 19 24 22 23 23 Private creditors 285 234 183 171 144 102 106 105 of which: Bonds 284 229 176 163 139 101 106 105 Commercial banks 0 5 7 7 5 1 0 0 Private nonguaranteed 32 118 137 318 572 562 408 598 of which: Bonds 0 30 44 55 36 29 11 6 8. Debt stock-flow reconciliation Total change in external debt stocks 150 -42 5,416 11,969 15,585 4,913 -5,439 -9,088 Net flows on external debt 465 1,564 5,222 10,704 16,202 4,617 -5,087 -2,562 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 12 72 14 20 83 0 0 0 Debt buyback 0 0 0 0 3 123 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 411 275 288 301 310 318 296 233 Interest 88 77 72 65 59 51 44 37 Private creditors Principal 5,926 4,518 3,731 2,839 1,756 1,317 1,098 878 Interest 1,041 790 540 382 250 171 105 53 Notes: Long-term private nonguaranteed debt data from 2008 are World Bank staff estimates based on reports provided by the country. The data may include long-term public and publicly guaranteed debt owed by the state-owned railway. 85 BURKINA FASO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,435 2,000 1,132 1,465 1,689 1,921 2,179 2,420 Long-term external debt 1,226 1,861 994 1,258 1,510 1,720 1,937 2,056 Public and publicly guaranteed 1,226 1,861 994 1,258 1,510 1,720 1,937 2,056 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 124 117 49 52 69 201 217 233 Short-term external debt 84 22 89 155 110 0 25 131 interest arrears on long-term 5 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 42 36 39 37 34 34 33 34 Long-term public sector debt 1,226 1,861 994 1,258 1,510 1,720 1,937 2,056 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 53 239 295 389 405 154 98 117 External debt flows Disbursements 99 223 303 232 316 272 299 183 Long-term external debt 91 208 284 231 298 217 277 163 IMF purchases 7 15 19 1 18 54 21 20 Principal repayments 33 28 27 25 27 28 31 46 Long-term external debt 26 24 27 25 27 28 30 42 IMF repurchases 7 4 0 0 0 0 1 4 Net flows 47 194 344 273 244 134 293 243 Long-term external debt 65 184 258 206 271 189 247 120 Short-term external debt -19 -2 67 66 -45 -110 25 106 Interest payments 14 17 18 17 18 15 19 24 Long-term external debt 12 16 15 12 14 15 18 21 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 1 1 2 5 3 0 1 4 2. Other non-debt resource inflows Foreign direct investment 23 52 84 22 33 56 35 7 Portfolio equity -3 -4 1 -1 -2 .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.5 5.8 6.4 12.7 12.4 12.0 11.9 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 59.4 56.9 40.9 40.0 36.7 35.9 33.9 32.7 4. Average terms of new commitments Official creditors Interest (%) 1.4 0.9 0.8 1.3 1.1 0.8 1.3 1.7 Maturity (years) 37.1 35.6 40.8 32.6 35.5 32.2 35.3 26.6 Grace period (years) 7.8 8.7 10.1 8.5 9.1 7.8 8.9 7.3 Private creditors Interest (%) 0.0 4.2 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 11.2 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 1.7 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2,606 5,420 5,842 6,754 8,348 8,343 8,819 10,188 Exports of goods, services & prim. income 251 583 728 804 1,069 1,140 1,998 .. Personal transfers & comp. of employees 67 57 68 84 99 96 111 111 Imports of goods, services & prim. income 691 1,452 1,511 1,767 2,442 2,035 2,678 .. Primary income on FDI 3 7 7 11 38 35 .. .. Current account balance -319 -634 -543 -560 -963 -380 -183 .. International reserves 243 438 555 1,029 928 1,296 1,068 957 6. Ratios External debt stocks to exports (%) 572.8 343.0 155.4 182.3 158.0 168.4 109.0 .. External debt stocks to GNI (%) 55.1 36.9 19.4 21.7 20.2 23.0 24.7 23.8 Debt service to exports (%) 18.8 7.8 6.1 5.2 4.2 3.8 2.5 .. Short-term to external debt stocks (%) 5.9 1.1 7.9 10.6 6.5 .. 1.1 5.4 Multilateral to external debt stocks (%) 71.4 84.6 68.8 66.9 70.9 73.0 73.9 71.9 Reserves to external debt stocks (%) 16.9 21.9 49.0 70.2 54.9 67.5 49.0 39.5 Reserves to imports (months) 4.2 3.6 4.4 7.0 4.6 7.6 4.8 .. 86 BURKINA FASO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,226 1,861 994 1,258 1,510 1,720 1,937 2,056 Public and publicly guaranteed 1,226 1,861 994 1,258 1,510 1,720 1,937 2,056 Official creditors 1,223 1,861 981 1,232 1,489 1,699 1,919 2,041 Multilateral 1,025 1,692 779 980 1,198 1,403 1,611 1,741 of which: IBRD 0 0 0 0 0 0 0 0 IDA 593 1,043 371 468 626 721 776 837 Bilateral 198 169 202 252 291 296 308 301 Private creditors 3 0 12 26 22 22 18 15 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 91 208 284 231 298 217 277 163 Public and publicly guaranteed 91 208 284 231 298 217 277 163 Official creditors 91 208 273 217 298 217 277 163 Multilateral 76 196 235 167 242 200 248 155 of which: IBRD 0 0 0 0 0 0 0 0 IDA 38 107 125 80 160 90 67 68 Bilateral 16 13 38 50 55 17 29 8 Private creditors 0 0 12 14 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 26 24 27 25 27 28 30 42 Public and publicly guaranteed 26 24 27 25 27 28 30 42 Official creditors 26 24 27 22 24 28 27 40 Multilateral 20 17 18 11 15 17 18 24 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 5 3 0 0 0 0 3 Bilateral 6 8 9 11 9 10 10 16 Private creditors 0 0 0 3 3 0 2 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 12 16 15 12 14 15 18 21 Public and publicly guaranteed 12 16 15 12 14 15 18 21 Official creditors 12 16 15 12 14 15 18 21 Multilateral 9 14 13 9 11 12 13 15 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 8 5 4 4 5 5 6 Bilateral 2 2 3 3 3 3 5 5 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -162 70 -868 333 224 232 258 241 Net flows on external debt 47 194 344 273 244 134 293 243 9. Debt restructurings Total amount rescheduled 17 71 4 0 1 0 1 0 Total amount forgiven 81 49 1,290 3 7 3 8 0 Debt buyback 92 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 60 69 75 80 87 100 107 112 Interest 24 25 25 25 24 24 23 22 Private creditors Principal 3 3 3 3 3 0 0 0 Interest 1 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 87 BURUNDI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1125.9 1288.1 1372.9 1410.7 1396.3 620.0 642.9 627.7 Long-term external debt 1036.0 1176.3 1231.9 1277.1 1240.2 406.2 403.9 386.6 Public and publicly guaranteed 1036.0 1176.3 1231.9 1277.1 1240.2 406.2 403.9 386.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 24.9 77.7 103.3 119.9 138.0 206.7 223.4 240.7 Short-term external debt 65.0 34.1 37.6 13.8 18.1 7.1 15.7 0.4 interest arrears on long-term 19.7 33.1 36.6 12.8 4.1 0.1 0.7 0.4 Memorandum items Principal arrears on long-term 82.1 75.2 76.4 60.2 64.4 19.8 18.2 12.1 Long-term public sector debt 1036.0 1176.3 1231.9 1277.1 1240.2 406.2 403.9 386.6 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 50.3 39.2 3.8 2.4 37.0 8.0 5.1 20.0 External debt flows Disbursements 41.3 63.3 60.4 42.2 46.6 43.9 55.8 47.8 Long-term external debt 41.3 42.1 39.4 31.3 24.8 23.6 35.6 27.0 IMF purchases 0.0 21.1 21.0 10.9 21.7 20.4 20.1 20.8 Principal repayments 14.0 27.1 12.9 11.2 11.3 15.3 1.8 6.2 Long-term external debt 9.4 27.1 12.9 11.2 11.3 8.4 1.8 4.0 IMF repurchases 4.5 0.0 0.0 0.0 0.0 6.9 0.0 2.3 Net flows 18.4 34.2 47.5 31.0 48.3 21.6 62.0 26.6 Long-term external debt 31.8 15.0 26.5 20.1 13.5 15.2 33.9 23.0 Short-term external debt -8.9 -2.0 0.0 0.0 13.0 -7.0 8.0 -15.0 Interest payments 8.7 12.8 6.3 6.9 8.3 4.4 1.9 2.2 Long-term external debt 4.5 11.9 5.1 5.7 7.4 3.6 1.4 2.0 IMF charges 0.8 0.8 1.2 1.2 0.7 0.7 0.4 0.1 Short-term external debt 3.3 0.1 0.1 0.0 0.2 0.1 0.1 0.0 2. Other non-debt resource inflows Foreign direct investment 11.7 0.6 0.0 0.5 3.8 0.3 0.8 3.4 Portfolio equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.6 7.7 8.0 6.0 17.4 9.5 0.6 Japanese yen 2.8 1.4 0.8 0.8 1.0 3.0 3.0 3.3 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 59.4 64.6 64.3 63.6 63.6 34.8 38.0 43.3 4. Average terms of new commitments Official creditors Interest (%) 1.7 0.8 0.0 1.5 1.0 1.0 1.0 1.0 Maturity (years) 31.3 47.8 19.6 22.5 19.5 28.5 19.6 22.0 Grace period (years) 8.2 10.2 10.1 4.7 6.4 10.0 8.0 5.5 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 847.4 1135.0 1246.2 1325.2 1625.0 1821.4 2032.7 2332.5 Exports of goods, services & prim. income 55.4 98.7 97.8 98.3 163.9 119.7 181.9 243.1 Personal transfers & comp. of employees .. 0.1 0.0 0.2 3.6 28.2 34.5 45.5 Imports of goods, services & prim. income 164.9 343.9 460.4 450.8 609.4 538.0 618.7 790.3 Primary income on FDI 0.4 2.1 3.4 4.8 5.3 8.1 10.1 8.2 Current account balance -50.2 -5.7 -133.5 -111.3 -259.4 -161.2 -301.0 -283.6 International reserves 32.9 100.1 130.5 176.3 265.7 322.0 330.7 294.0 6. Ratios External debt stocks to exports (%) 2031.9 1304.4 1404.0 1435.1 852.2 517.9 353.5 258.2 External debt stocks to GNI (%) 132.9 113.5 110.2 106.5 85.9 34.0 31.6 26.9 Debt service to exports (%) 40.9 40.4 19.6 18.4 12.0 16.5 2.1 3.4 Short-term to external debt stocks (%) 5.8 2.6 2.7 1.0 1.3 1.1 2.4 0.1 Multilateral to external debt stocks (%) 79.1 81.9 81.3 82.8 82.5 49.8 52.3 50.8 Reserves to external debt stocks (%) 2.9 7.8 9.5 12.5 19.0 51.9 51.4 46.8 Reserves to imports (months) 2.4 3.5 3.4 4.7 5.2 7.2 6.4 4.5 88 BURUNDI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1036.0 1176.3 1231.9 1277.1 1240.2 406.2 403.9 386.6 Public and publicly guaranteed 1036.0 1176.3 1231.9 1277.1 1240.2 406.2 403.9 386.6 Official creditors 1032.0 1174.1 1231.3 1276.4 1240.2 406.2 403.9 386.6 Multilateral 890.4 1054.8 1116.2 1168.4 1151.3 308.8 335.9 319.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 600.5 750.8 797.0 830.1 818.5 147.2 162.7 170.2 Bilateral 141.6 119.3 115.0 108.0 88.9 97.4 67.9 67.5 Private creditors 4.0 2.1 0.6 0.7 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 41.3 42.1 39.4 31.3 24.8 23.6 35.6 27.0 Public and publicly guaranteed 41.3 42.1 39.4 31.3 24.8 23.6 35.6 27.0 Official creditors 38.2 42.1 36.9 31.3 24.8 23.6 35.6 27.0 Multilateral 38.2 42.1 36.9 29.8 24.3 23.6 35.6 27.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 36.4 27.4 28.9 19.2 13.8 8.7 17.8 8.9 Bilateral 0.0 0.0 0.0 1.5 0.5 0.0 0.0 0.0 Private creditors 3.0 0.0 2.5 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 9.4 27.1 12.9 11.2 11.3 8.4 1.8 4.0 Public and publicly guaranteed 9.4 27.1 12.9 11.2 11.3 8.4 1.8 4.0 Official creditors 9.4 22.5 8.9 11.2 11.3 8.4 1.8 4.0 Multilateral 9.4 22.3 8.9 10.7 10.0 8.4 1.8 2.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 8.8 8.5 0.0 0.0 0.1 0.1 0.0 0.3 Bilateral 0.0 0.2 0.0 0.6 1.3 0.0 0.0 1.2 Private creditors 0.0 4.6 4.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 4.5 11.9 5.1 5.7 7.4 3.6 1.4 2.0 Public and publicly guaranteed 4.5 11.9 5.1 5.7 7.4 3.6 1.4 2.0 Official creditors 4.5 11.9 5.1 5.7 7.4 3.6 1.4 2.0 Multilateral 4.5 11.7 4.5 5.6 6.2 3.1 1.3 1.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 4.4 4.3 1.7 2.4 3.7 1.0 0.8 1.1 Bilateral 0.0 0.2 0.6 0.1 1.2 0.5 0.1 0.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -27.9 -70.0 84.8 37.9 -14.4 -776.3 22.9 -15.2 Net flows on external debt 18.4 34.2 47.5 31.0 48.3 21.6 62.0 26.6 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 71.4 3.4 0.0 Total amount forgiven 0.0 11.5 28.2 22.4 53.2 821.0 1.8 44.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 11.9 12.7 11.9 14.0 14.3 13.9 15.2 15.4 Interest 3.3 3.3 3.3 3.2 3.1 3.0 2.9 2.8 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 89 CAMBODIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,648 3,537 3,550 2,813 3,267 3,523 3,833 4,336 Long-term external debt 2,328 3,155 3,318 2,565 2,920 3,127 3,442 3,815 Public and publicly guaranteed 2,328 3,155 3,318 2,565 2,920 3,127 3,442 3,815 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 93 103 23 24 24 132 129 129 Short-term external debt 227 279 209 224 323 265 262 392 interest arrears on long-term 131 243 173 164 197 208 215 221 Memorandum items Principal arrears on long-term 1,275 1,485 1,508 180 192 204 216 236 Long-term public sector debt 2,328 3,155 3,318 2,565 2,920 3,127 3,442 3,815 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 185 208 149 390 305 727 488 545 External debt flows Disbursements 90 168 153 154 383 211 347 401 Long-term external debt 79 168 153 154 383 211 347 401 IMF purchases 11 0 0 0 0 0 0 0 Principal repayments 14 16 15 13 19 26 33 41 Long-term external debt 7 8 15 13 19 26 33 41 IMF repurchases 7 9 0 0 0 0 0 0 Net flows 128 154 138 165 430 116 303 485 Long-term external debt 72 160 138 141 364 185 313 361 Short-term external debt 52 2 0 24 66 -69 -10 124 Interest payments 19 15 16 18 23 24 29 36 Long-term external debt 12 12 13 15 21 22 28 34 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 5 2 2 3 2 1 1 2 2. Other non-debt resource inflows Foreign direct investment 149 379 483 867 815 539 783 892 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 0.8 0.8 1.2 1.1 1.2 1.1 1.0 Japanese yen 0.3 1.1 1.2 2.1 2.7 3.1 3.6 3.9 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 36.9 48.5 48.6 86.2 84.8 84.2 82.2 77.9 4. Average terms of new commitments Official creditors Interest (%) 1.4 1.4 1.0 1.5 1.2 1.3 1.5 1.2 Maturity (years) 30.2 26.8 26.1 23.6 29.4 25.4 25.1 25.6 Grace period (years) 8.1 9.2 9.7 7.7 8.5 8.5 8.3 9.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,534 6,006 6,969 8,263 9,844 9,918 10,664 12,297 Exports of goods, services & prim. income 1,893 4,096 5,079 5,748 6,462 5,877 6,943 7,493 Personal transfers & comp. of employees 121 200 297 353 325 338 321 354 Imports of goods, services & prim. income 2,453 4,923 5,971 6,823 8,127 7,382 8,467 8,789 Primary income on FDI 123 227 270 353 403 358 399 0 Current account balance -136 -307 -262 -481 -1,051 -931 -879 -712 International reserves 502 953 1,157 1,807 2,292 2,851 3,255 3,450 6. Ratios External debt stocks to exports (%) 139.9 86.4 69.9 48.9 50.6 60.0 55.2 57.9 External debt stocks to GNI (%) 74.9 58.9 50.9 34.0 33.2 35.5 35.9 35.3 Debt service to exports (%) 1.7 0.8 0.6 0.5 0.7 0.8 0.9 1.0 Short-term to external debt stocks (%) 8.6 7.9 5.9 8.0 9.9 7.5 6.8 9.0 Multilateral to external debt stocks (%) 14.4 29.9 32.9 46.1 43.5 42.6 39.9 36.6 Reserves to external debt stocks (%) 18.9 26.9 32.6 64.2 70.2 80.9 84.9 79.6 Reserves to imports (months) 2.5 2.3 2.3 3.2 3.4 4.6 4.6 4.7 90 CAMBODIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,328 3,155 3,318 2,565 2,920 3,127 3,442 3,815 Public and publicly guaranteed 2,328 3,155 3,318 2,565 2,920 3,127 3,442 3,815 Official creditors 2,328 3,155 3,318 2,565 2,920 3,127 3,442 3,815 Multilateral 381 1,059 1,168 1,298 1,420 1,501 1,529 1,587 of which: IBRD 0 0 0 0 0 0 0 0 IDA 207 462 500 535 545 566 565 575 Bilateral 1,947 2,096 2,150 1,267 1,500 1,626 1,913 2,228 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 79 168 153 154 383 211 347 401 Public and publicly guaranteed 79 168 153 154 383 211 347 401 Official creditors 79 168 153 154 383 211 347 401 Multilateral 78 130 79 78 145 92 80 102 of which: IBRD 0 0 0 0 0 0 0 0 IDA 37 36 19 18 20 23 17 21 Bilateral 1 38 74 76 238 119 267 299 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 7 8 15 13 19 26 33 41 Public and publicly guaranteed 7 8 15 13 19 26 33 41 Official creditors 7 8 15 13 19 26 33 41 Multilateral 0 5 9 11 17 23 29 37 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 4 5 6 6 8 9 Bilateral 7 2 6 2 2 3 5 4 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 12 12 13 15 21 22 28 34 Public and publicly guaranteed 12 12 13 15 21 22 28 34 Official creditors 12 12 13 15 21 22 28 34 Multilateral 3 10 10 11 13 13 14 17 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 4 4 4 4 4 4 5 Bilateral 9 3 3 4 8 9 14 17 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 109 74 13 -737 453 257 310 503 Net flows on external debt 128 154 138 165 430 116 303 485 9. Debt restructurings Total amount rescheduled 0 0 0 458 0 0 0 0 Total amount forgiven 0 0 106 972 0 0 4 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 75 87 114 165 175 224 259 274 Interest 48 51 53 53 53 52 50 47 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of MDRI debt relief. 91 CAMEROON (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 10,561 7,700 3,419 3,087 2,827 3,239 3,195 3,074 Long-term external debt 9,070 7,059 2,881 2,794 2,724 2,783 2,741 2,562 Public and publicly guaranteed 8,753 6,467 2,392 2,158 2,088 2,168 2,164 2,101 Private nonguaranteed 317 592 489 636 636 615 577 461 Use of IMF credit 267 307 45 55 62 453 445 442 Short-term external debt 1,224 334 493 238 41 3 9 70 interest arrears on long-term 205 280 425 39 41 3 9 2 Memorandum items Principal arrears on long-term 322 51 90 1 19 61 70 0 Long-term public sector debt 8,706 6,467 2,392 2,158 2,088 2,168 2,164 2,101 Long-term private sector debt 364 592 489 636 636 615 577 461 Public & publicly guaranteed commitments 100 48 41 446 168 622 492 1,621 External debt flows Disbursements 354 231 162 250 284 503 278 141 Long-term external debt 286 227 158 242 276 356 278 141 IMF purchases 69 4 4 8 8 147 0 0 Principal repayments 270 576 364 366 352 334 154 235 Long-term external debt 253 537 343 366 352 334 154 233 IMF repurchases 17 39 21 0 0 0 0 1 Net flows -21 -683 -188 16 -267 169 124 -25 Long-term external debt 33 -310 -185 -124 -77 22 124 -92 Short-term external debt -105 -339 14 131 -199 0 0 68 Interest payments 290 243 130 123 97 59 43 87 Long-term external debt 215 228 124 114 91 57 42 86 IMF charges 3 3 2 1 0 1 1 0 Short-term external debt 72 12 4 8 5 0 0 0 2. Other non-debt resource inflows Foreign direct investment 159 244 59 189 21 740 538 360 Portfolio equity 0 -4 -6 -14 -1 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 68.0 78.4 73.2 66.6 64.4 54.7 51.0 Japanese yen 0.5 1.2 0.0 0.0 0.0 0.0 0.3 0.5 Pound sterling 1.9 1.6 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.6 0.3 0.3 0.3 0.3 0.3 0.3 U.S.dollars 23.8 19.5 9.9 12.3 14.0 13.6 18.7 18.9 4. Average terms of new commitments Official creditors Interest (%) 0.9 0.4 1.4 0.9 0.6 1.3 0.9 1.8 Maturity (years) 38.6 30.4 24.3 36.9 35.3 29.0 31.8 20.4 Grace period (years) 9.5 9.1 5.6 8.5 8.3 7.6 8.9 5.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 5.2 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 11.9 0.0 13.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 2.4 0.0 1.0 5. Major economic aggregates Gross national income (GNI) 9,464 16,126 17,706 20,606 23,407 22,051 22,250 25,164 Exports of goods, services & prim. income 2,694 4,248 4,890 6,314 7,372 5,438 5,692 .. Personal transfers & comp. of employees 30 77 130 167 162 184 115 121 Imports of goods, services & prim. income 3,021 4,977 5,009 6,472 8,419 6,835 6,694 .. Primary income on FDI 41 289 10 385 165 436 166 0 Current account balance -218 -493 193 286 -450 -1,119 -856 .. International reserves 212 949 1,716 2,907 3,087 3,676 3,643 3,199 6. Ratios External debt stocks to exports (%) 392.0 181.3 69.9 48.9 38.4 59.6 56.1 .. External debt stocks to GNI (%) 111.6 47.7 19.3 15.0 12.1 14.7 14.4 12.2 Debt service to exports (%) 20.8 19.3 10.1 7.7 6.1 7.2 3.5 .. Short-term to external debt stocks (%) 11.6 4.3 14.4 7.7 1.4 0.1 0.3 2.3 Multilateral to external debt stocks (%) 13.4 20.6 14.9 18.2 21.5 21.2 24.6 28.0 Reserves to external debt stocks (%) 2.0 12.3 50.2 94.2 109.2 113.5 114.0 104.0 Reserves to imports (months) 0.8 2.3 4.1 5.4 4.4 6.5 6.5 .. 92 CAMEROON (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 9,070 7,059 2,881 2,794 2,724 2,783 2,741 2,562 Public and publicly guaranteed 8,753 6,467 2,392 2,158 2,088 2,168 2,164 2,101 Official creditors 8,436 6,384 2,327 2,152 2,083 2,154 2,144 2,078 Multilateral 1,419 1,585 510 562 609 685 785 861 of which: IBRD 218 84 46 40 35 30 24 19 IDA 769 1,032 170 198 225 273 350 412 Bilateral 7,018 4,798 1,817 1,591 1,474 1,469 1,360 1,217 Private creditors 317 83 65 5 6 14 20 23 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 172 40 46 5 5 14 20 23 Private nonguaranteed 317 592 489 636 636 615 577 461 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 286 227 158 242 276 356 278 141 Public and publicly guaranteed 247 130 119 160 189 147 278 141 Official creditors 247 130 118 160 189 139 272 137 Multilateral 115 68 84 83 106 111 141 119 of which: IBRD 0 0 0 0 0 0 0 0 IDA 55 31 29 20 29 48 82 68 Bilateral 133 62 33 77 83 28 131 18 Private creditors 0 0 1 0 0 8 6 5 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 1 0 0 8 6 5 Private nonguaranteed 39 98 39 82 87 209 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 253 537 343 366 352 334 154 233 Public and publicly guaranteed 166 396 182 182 160 104 116 122 Official creditors 162 396 182 163 160 104 116 121 Multilateral 97 92 85 40 40 39 23 34 of which: IBRD 53 32 39 5 5 5 5 5 IDA 7 12 6 0 1 2 2 3 Bilateral 66 303 97 123 120 66 92 87 Private creditors 4 0 0 19 0 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 0 0 16 0 0 0 1 Private nonguaranteed 86 141 161 183 192 229 38 111 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 215 228 124 114 91 57 42 86 Public and publicly guaranteed 198 178 67 71 47 26 27 58 Official creditors 198 177 67 49 47 26 27 57 Multilateral 48 27 20 16 14 11 8 13 of which: IBRD 22 5 4 2 2 2 1 1 IDA 5 8 5 2 2 2 2 3 Bilateral 149 150 47 33 33 15 19 43 Private creditors 1 1 0 23 0 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 23 0 0 0 1 Private nonguaranteed 17 51 57 42 44 31 15 28 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -204 -3,156 -4,282 -332 -260 411 -44 -120 Net flows on external debt -21 -683 -188 16 -267 169 124 -25 9. Debt restructurings Total amount rescheduled 254 68 21 4 0 0 0 0 Total amount forgiven 7 227 4,554 293 34 17 64 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 142 133 138 186 182 245 249 259 Interest 58 63 67 69 70 68 65 61 Private creditors Principal 55 55 55 55 55 55 55 55 Interest 9 8 7 6 5 4 3 2 Notes: Data include the effects of HIPC and MDRI debt relief. 93 CAPE VERDE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 320 477 524 581 626 727 892 1,025 Long-term external debt 315 463 510 565 611 700 868 1,004 Public and publicly guaranteed 315 463 510 565 611 700 868 1,004 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 1 13 14 14 13 25 23 20 Short-term external debt 4 1 1 1 1 2 2 2 interest arrears on long-term 4 1 1 1 1 2 2 2 Memorandum items Principal arrears on long-term 32 3 2 2 2 2 2 2 Long-term public sector debt 315 463 510 565 611 700 868 1,004 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 34 89 27 210 370 351 387 68 External debt flows Disbursements 29 78 49 51 75 102 207 179 Long-term external debt 29 74 49 51 75 102 207 179 IMF purchases 0 4 0 0 0 0 0 0 Principal repayments 11 29 25 23 25 27 28 29 Long-term external debt 11 29 25 23 24 25 26 27 IMF repurchases 0 0 0 0 1 2 2 3 Net flows 2 49 24 28 50 76 179 149 Long-term external debt 18 45 24 28 51 77 182 152 Short-term external debt -16 0 0 0 0 0 0 0 Interest payments 5 7 6 7 7 7 8 11 Long-term external debt 5 7 6 6 7 7 8 11 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 33 80 132 192 211 120 112 93 Portfolio equity 0 0 0 2 0 2 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 13.4 15.0 16.1 18.1 19.5 27.3 34.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.2 1.0 1.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 56.2 54.3 53.4 49.7 48.5 43.1 37.6 31.9 4. Average terms of new commitments Official creditors Interest (%) 2.0 3.5 2.9 1.3 1.8 1.3 0.9 0.8 Maturity (years) 31.3 32.5 38.1 25.7 27.1 24.7 27.4 23.4 Grace period (years) 10.4 8.4 9.0 8.2 6.9 9.4 8.8 7.5 Private creditors Interest (%) 5.7 0.0 0.0 0.0 0.0 1.7 1.7 0.0 Maturity (years) 10.6 0.0 0.0 0.0 0.0 33.0 32.1 0.0 Grace period (years) 2.2 0.0 0.0 0.0 0.0 12.8 12.7 0.0 5. Major economic aggregates Gross national income (GNI) 525 938 1,063 1,300 1,515 1,557 1,586 1,846 Exports of goods, services & prim. income 151 373 491 593 738 589 650 797 Personal transfers & comp. of employees 87 137 137 139 155 137 131 177 Imports of goods, services & prim. income 344 695 863 1,092 1,259 1,149 1,203 1,444 Primary income on FDI 5 11 24 28 38 26 53 28 Current account balance -58 -41 -83 -198 -205 -248 -213 -288 International reserves 28 174 254 364 361 398 382 339 6. Ratios External debt stocks to exports (%) 211.8 128.0 106.7 97.9 84.8 123.3 137.2 128.6 External debt stocks to GNI (%) 60.9 50.9 49.3 44.7 41.3 46.7 56.2 55.5 Debt service to exports (%) 10.7 9.6 6.4 5.0 4.2 5.7 5.5 5.0 Short-term to external debt stocks (%) 1.2 0.2 0.1 0.2 0.2 0.2 0.2 0.1 Multilateral to external debt stocks (%) 72.4 78.8 78.8 78.5 77.2 73.5 67.0 59.5 Reserves to external debt stocks (%) 8.8 36.4 48.5 62.8 57.7 54.8 42.8 33.0 Reserves to imports (months) 1.0 3.0 3.5 4.0 3.4 4.2 3.8 2.8 94 CAPE VERDE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 315 463 510 565 611 700 868 1,004 Public and publicly guaranteed 315 463 510 565 611 700 868 1,004 Official creditors 308 442 492 550 601 693 815 931 Multilateral 232 376 413 456 484 534 598 610 of which: IBRD 0 0 0 0 0 0 0 0 IDA 98 205 236 267 284 286 303 300 Bilateral 76 66 79 94 118 159 218 321 Private creditors 7 22 17 15 10 6 53 73 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 2 1 0 0 0 9 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 29 74 49 51 75 102 207 179 Public and publicly guaranteed 29 74 49 51 75 102 207 179 Official creditors 29 65 49 51 75 102 158 153 Multilateral 24 49 30 34 37 59 85 31 of which: IBRD 0 0 0 0 0 0 0 0 IDA 10 27 22 23 21 4 25 2 Bilateral 5 16 19 17 38 44 73 122 Private creditors 0 9 0 0 0 0 50 26 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 10 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 11 29 25 23 24 25 26 27 Public and publicly guaranteed 11 29 25 23 24 25 26 27 Official creditors 10 23 19 19 20 21 22 24 Multilateral 6 12 9 10 11 13 15 16 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 2 2 3 3 4 4 Bilateral 3 11 10 9 9 8 7 8 Private creditors 2 5 7 4 4 4 3 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 1 1 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 5 7 6 6 7 7 8 11 Public and publicly guaranteed 5 7 6 6 7 7 8 11 Official creditors 4 6 6 6 6 7 8 9 Multilateral 3 4 4 4 5 5 5 6 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 2 2 2 2 2 2 2 Bilateral 1 2 2 2 2 2 2 3 Private creditors 1 1 0 0 0 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -9 13 47 56 46 101 165 133 Net flows on external debt 2 49 24 28 50 76 179 149 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 26 40 43 46 46 50 53 55 Interest 14 15 16 15 15 14 14 13 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 4 6 7 7 7 7 7 7 95 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 896.9 1058.3 1049.2 1039.1 1030.7 565.0 579.6 573.0 Long-term external debt 822.1 902.5 893.4 902.4 867.7 321.2 327.9 296.9 Public and publicly guaranteed 822.1 902.5 893.4 902.4 867.7 321.2 327.9 296.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 33.6 49.2 56.1 64.1 77.4 162.1 172.6 172.0 Short-term external debt 41.2 106.6 99.6 72.7 85.6 81.7 79.1 104.1 interest arrears on long-term 26.1 97.6 90.6 72.7 73.6 77.7 77.1 71.1 Memorandum items Principal arrears on long-term 97.7 227.1 218.7 183.5 171.1 168.6 148.6 101.3 Long-term public sector debt 821.0 901.2 892.0 900.7 867.7 321.2 327.9 296.9 Long-term private sector debt 1.0 1.3 1.5 1.6 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 28.0 3.7 2.5 3.3 53.0 5.9 56.7 13.7 External debt flows Disbursements 16.1 0.0 10.2 34.9 24.9 44.4 19.3 26.2 Long-term external debt 16.1 0.0 0.0 3.2 1.9 4.8 6.0 26.2 IMF purchases 0.0 0.0 10.2 31.7 23.0 39.6 13.2 0.0 Principal repayments 8.3 5.6 53.0 69.1 19.1 27.7 1.0 0.1 Long-term external debt 7.5 0.7 47.0 42.4 11.3 8.4 1.0 0.1 IMF repurchases 0.8 4.9 6.0 26.7 7.7 19.4 0.0 0.0 Net flows -13.8 -5.6 -42.8 -43.2 17.9 8.7 16.2 57.1 Long-term external debt 8.6 -0.7 -47.0 -39.2 -9.4 -3.6 5.0 26.1 Short-term external debt -21.6 0.0 0.0 -9.0 12.0 -8.0 -2.0 31.0 Interest payments 6.4 1.3 18.3 20.8 6.7 3.6 1.5 0.6 Long-term external debt 4.3 0.2 16.5 19.6 6.1 3.0 1.2 0.2 IMF charges 0.6 0.8 1.5 0.9 0.4 0.5 0.3 0.1 Short-term external debt 1.4 0.3 0.3 0.2 0.2 0.1 0.0 0.3 2. Other non-debt resource inflows Foreign direct investment 0.9 32.4 34.6 56.8 116.6 120.5 91.7 109.2 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.7 6.1 7.5 7.1 14.3 13.6 13.6 Japanese yen 0.6 0.5 0.5 0.3 0.4 0.0 0.0 0.0 Pound sterling 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Swiss franc 2.1 2.5 2.7 2.1 2.2 3.7 4.6 1.3 U.S.dollars 62.1 60.4 58.5 60.7 62.2 52.1 55.9 45.2 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.0 0.0 1.0 1.8 0.0 0.6 0.8 Maturity (years) 39.8 20.0 19.2 32.6 20.4 19.1 24.7 38.9 Grace period (years) 10.3 10.1 10.2 3.1 5.9 10.1 7.8 0.4 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 946.8 1348.0 1472.9 1685.7 1960.7 1974.4 1981.3 2162.3 Exports of goods, services & prim. income .. .. .. .. .. .. .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. .. .. .. .. .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves 133.3 139.2 125.3 82.6 121.8 210.6 181.2 154.5 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 94.7 78.5 71.2 61.6 52.6 28.6 29.3 26.5 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 4.6 10.1 9.5 7.0 8.3 14.5 13.7 18.2 Multilateral to external debt stocks (%) 65.0 59.4 58.3 58.0 55.4 8.8 7.1 6.1 Reserves to external debt stocks (%) 14.9 13.2 11.9 7.9 11.8 37.3 31.3 27.0 Reserves to imports (months) .. .. .. .. .. .. .. .. 96 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 822.1 902.5 893.4 902.4 867.7 321.2 327.9 296.9 Public and publicly guaranteed 822.1 902.5 893.4 902.4 867.7 321.2 327.9 296.9 Official creditors 766.9 845.7 836.4 845.0 810.5 264.1 268.9 269.8 Multilateral 583.3 628.3 612.1 602.5 571.3 49.8 41.3 34.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 391.3 422.7 395.1 402.8 389.9 9.0 13.9 19.0 Bilateral 183.5 217.5 224.3 242.5 239.2 214.4 227.6 235.0 Private creditors 55.2 56.7 57.0 57.3 57.2 57.1 59.0 27.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 16.1 0.0 0.0 3.2 1.9 4.8 6.0 26.2 Public and publicly guaranteed 16.1 0.0 0.0 3.2 1.9 4.8 6.0 26.2 Official creditors 16.1 0.0 0.0 3.2 1.9 4.8 6.0 26.2 Multilateral 16.1 0.0 0.0 3.2 1.9 3.8 5.1 7.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 12.9 0.0 0.0 3.2 1.9 3.8 5.0 5.2 Bilateral 0.0 0.0 0.0 0.0 0.0 1.0 1.0 18.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 7.5 0.7 47.0 42.4 11.3 8.4 1.0 0.1 Public and publicly guaranteed 7.5 0.7 47.0 42.4 11.3 8.4 1.0 0.1 Official creditors 7.4 0.7 47.0 42.4 11.3 8.4 1.0 0.0 Multilateral 6.9 0.7 47.0 42.4 9.5 6.0 0.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 5.7 0.0 46.7 9.6 3.1 1.7 0.0 0.0 Bilateral 0.5 0.0 0.0 0.0 1.8 2.4 1.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 4.3 0.2 16.5 19.6 6.1 3.0 1.2 0.2 Public and publicly guaranteed 4.3 0.2 16.5 19.6 6.1 3.0 1.2 0.2 Official creditors 4.3 0.2 16.5 19.6 6.1 3.0 1.2 0.2 Multilateral 3.4 0.2 16.5 19.6 4.4 2.4 0.1 0.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 3.2 0.0 16.5 3.3 3.1 1.6 0.1 0.1 Bilateral 0.9 0.0 0.0 0.0 1.7 0.7 1.1 0.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -52.4 -60.8 -9.1 -10.1 -8.5 -465.7 14.6 -6.5 Net flows on external debt -13.8 -5.6 -42.8 -43.2 17.9 8.7 16.2 57.1 9. Debt restructurings Total amount rescheduled 2.9 0.0 0.0 35.5 3.2 23.4 27.7 0.0 Total amount forgiven 0.7 0.0 0.0 5.4 14.1 519.5 22.1 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 6.4 6.8 8.4 10.4 10.4 8.4 8.2 8.8 Interest 1.1 1.2 1.2 1.2 1.1 1.1 1.0 1.0 Private creditors Principal 0.4 0.1 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: Long-term public and publicly guaranteed debt data for 2011 are revised based on reports provided by the country. Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 97 CHAD (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,101 1,598 1,720 1,812 1,765 1,830 1,816 1,821 Long-term external debt 986 1,494 1,627 1,712 1,705 1,714 1,708 1,710 Public and publicly guaranteed 986 1,494 1,627 1,712 1,705 1,714 1,708 1,710 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 90 93 82 71 55 113 99 91 Short-term external debt 25 11 12 29 4 4 8 19 interest arrears on long-term 10 6 8 6 4 4 7 7 Memorandum items Principal arrears on long-term 52 26 24 22 30 30 40 44 Long-term public sector debt 986 1,494 1,627 1,712 1,705 1,714 1,708 1,710 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 178 139 7 141 15 15 21 52 External debt flows Disbursements 59 116 102 50 97 38 57 55 Long-term external debt 46 110 102 50 97 38 57 55 IMF purchases 14 6 0 0 0 0 0 0 Principal repayments 14 37 40 49 119 55 57 61 Long-term external debt 13 24 24 34 105 43 46 53 IMF repurchases 1 13 16 15 14 13 11 8 Net flows 44 75 61 21 -44 -17 2 5 Long-term external debt 33 85 78 17 -7 -5 12 2 Short-term external debt -2 -3 -1 19 -23 0 1 11 Interest payments 11 17 18 20 19 23 17 17 Long-term external debt 9 16 16 19 18 23 17 17 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 1 0 0 1 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 115 -99 -279 -69 234 1,105 1,940 1,855 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.3 3.8 3.6 3.3 3.3 3.2 3.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 58.7 66.1 65.1 64.4 60.2 59.8 58.3 56.9 4. Average terms of new commitments Official creditors Interest (%) 0.7 1.6 0.0 1.3 0.6 5.7 5.1 0.6 Maturity (years) 40.5 23.7 28.6 19.9 22.7 13.9 10.5 44.3 Grace period (years) 10.1 6.5 9.1 6.9 6.0 4.3 2.0 4.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,368 4,277 4,888 5,817 6,687 6,678 7,850 8,496 Exports of goods, services & prim. income .. .. .. .. .. .. .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. .. .. .. .. .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves 111 226 625 955 1,345 617 632 951 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 80.5 37.3 35.2 31.1 26.4 27.4 23.1 21.4 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 2.2 0.7 0.7 1.6 0.2 0.2 0.5 1.1 Multilateral to external debt stocks (%) 75.8 83.9 84.3 84.3 83.3 81.0 81.7 81.9 Reserves to external debt stocks (%) 10.1 14.1 36.3 52.7 76.2 33.7 34.8 52.2 Reserves to imports (months) .. .. .. .. .. .. .. .. 98 CHAD (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 986 1,494 1,627 1,712 1,705 1,714 1,708 1,710 Public and publicly guaranteed 986 1,494 1,627 1,712 1,705 1,714 1,708 1,710 Official creditors 971 1,462 1,594 1,679 1,672 1,682 1,679 1,681 Multilateral 834 1,340 1,450 1,527 1,469 1,482 1,483 1,491 of which: IBRD 0 35 30 26 0 0 0 0 IDA 515 864 925 968 905 896 865 845 Bilateral 137 122 144 152 203 200 196 190 Private creditors 15 32 33 33 33 32 30 29 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 46 110 102 50 97 38 57 55 Public and publicly guaranteed 46 110 102 50 97 38 57 55 Official creditors 46 110 102 50 97 38 57 55 Multilateral 36 108 71 39 38 34 56 54 of which: IBRD 0 1 0 0 0 0 0 0 IDA 18 64 31 16 5 3 3 6 Bilateral 10 2 31 12 59 4 2 1 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 13 24 24 34 105 43 46 53 Public and publicly guaranteed 13 24 24 34 105 43 46 53 Official creditors 13 23 24 33 105 42 44 52 Multilateral 10 17 18 28 100 36 38 44 of which: IBRD 0 2 5 5 26 0 0 0 IDA 4 4 5 7 62 17 19 23 Bilateral 3 5 6 5 5 5 6 8 Private creditors 1 1 1 1 0 1 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 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 16 16 19 18 23 17 17 Public and publicly guaranteed 9 16 16 19 18 23 17 17 Official creditors 9 16 16 18 18 23 17 17 Multilateral 6 14 13 15 15 19 12 13 of which: IBRD 0 1 2 2 1 0 0 0 IDA 3 6 6 7 8 7 6 7 Bilateral 3 2 3 3 3 4 5 4 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -9 -57 123 91 -47 65 -14 5 Net flows on external debt 44 75 61 21 -44 -17 2 5 9. Debt restructurings Total amount rescheduled 0 12 0 0 0 0 0 0 Total amount forgiven 0 18 22 5 4 5 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 76 75 84 90 87 87 83 82 Interest 19 18 18 16 15 14 13 12 Private creditors Principal 2 2 2 2 1 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term public and publicly guaranteed debt data for 2011 are World Bank staff estimates. Short-term debt is based on data from the BIS. Data include the effects of HIPC debt relief. 99 CHILE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 37,407 45,571 50,352 56,360 63,911 69,884 81,435 96,245 Long-term external debt 31,076 38,308 38,699 42,602 49,279 54,040 65,308 77,826 Public and publicly guaranteed 5,215 9,123 9,354 9,294 8,764 9,271 13,519 16,354 Private nonguaranteed 25,861 29,184 29,344 33,308 40,515 44,769 51,789 61,472 Use of IMF credit 159 174 183 193 188 1,281 1,258 1,254 Short-term external debt 6,172 7,089 11,470 13,565 14,444 14,563 14,869 17,164 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 5,135 9,120 9,342 9,283 8,756 9,265 13,515 16,350 Long-term private sector debt 25,941 29,188 29,357 33,319 40,523 44,775 51,793 61,476 Public & publicly guaranteed commitments 171 995 1,423 894 1,063 1,995 4,397 3,934 External debt flows Disbursements 4,943 9,156 12,626 13,791 18,999 20,959 23,148 25,979 Long-term external debt 4,943 9,156 12,626 13,791 18,999 20,959 23,148 25,979 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,940 6,064 12,545 9,743 14,272 16,379 12,287 12,846 Long-term external debt 3,940 6,064 12,545 9,743 14,272 16,379 12,287 12,846 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 2,859 2,730 4,462 6,143 5,607 4,699 11,168 15,428 Long-term external debt 1,004 3,093 81 4,048 4,728 4,580 10,861 13,133 Short-term external debt 1,855 -363 4,381 2,095 879 119 306 2,295 Interest payments 2,242 1,514 1,998 2,155 1,863 1,763 2,224 2,600 Long-term external debt 2,081 1,288 1,653 1,595 1,546 1,454 1,844 2,209 IMF charges 7 5 7 7 2 3 4 1 Short-term external debt 154 221 338 553 315 306 376 390 2. Other non-debt resource inflows Foreign direct investment 4,860 6,984 7,298 12,534 15,150 12,887 15,373 17,299 Portfolio equity -427 1,571 -124 388 1,948 328 1,774 4,477 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 0.9 1.1 1.1 1.1 1.0 0.7 0.5 Japanese yen 5.0 0.4 2.5 2.2 0.0 0.0 0.0 0.0 Pound sterling 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 83.9 98.0 95.8 96.0 98.3 98.5 94.7 94.2 4. Average terms of new commitments Official creditors Interest (%) 1.0 4.2 5.2 5.1 2.9 2.9 1.7 0.5 Maturity (years) 20.0 13.1 13.1 15.7 9.8 12.1 19.6 8.7 Grace period (years) 1.5 4.7 6.0 5.5 5.7 5.6 4.3 5.2 Private creditors Interest (%) 6.8 5.1 5.8 5.6 4.7 4.5 3.2 3.5 Maturity (years) 3.0 19.2 15.7 6.4 5.6 6.2 9.0 8.6 Grace period (years) 3.0 18.2 13.0 5.0 2.2 5.9 9.0 8.2 5. Major economic aggregates Gross national income (GNI) 72,333 112,769 136,308 154,216 166,715 161,463 201,605 234,565 Exports of goods, services & prim. income 24,891 50,853 69,885 83,259 83,010 70,526 90,616 101,481 Personal transfers & comp. of employees 13 13 3 3 3 4 3 3 Imports of goods, services & prim. income 26,346 51,187 66,137 78,930 89,247 68,572 91,862 107,119 Primary income on FDI 2,539 11,416 19,913 22,832 17,430 15,951 21,256 18,887 Current account balance -898 1,449 7,154 7,458 -3,307 3,518 3,269 -3,220 International reserves 15,035 16,929 19,392 16,837 23,072 25,283 27,816 41,932 6. Ratios External debt stocks to exports (%) 150.3 89.6 72.1 67.7 77.0 99.1 89.9 94.8 External debt stocks to GNI (%) 51.7 40.4 36.9 36.5 38.3 43.3 40.4 41.0 Debt service to exports (%) 24.8 14.9 20.8 14.3 19.4 25.7 16.0 15.2 Short-term to external debt stocks (%) 16.5 15.6 22.8 24.1 22.6 20.8 18.3 17.8 Multilateral to external debt stocks (%) 3.8 1.8 1.8 1.6 1.2 1.2 1.0 0.8 Reserves to external debt stocks (%) 40.2 37.1 38.5 29.9 36.1 36.2 34.2 43.6 Reserves to imports (months) 6.8 4.0 3.5 2.6 3.1 4.4 3.6 4.7 100 CHILE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 31,076 38,308 38,699 42,602 49,279 54,040 65,308 77,826 Public and publicly guaranteed 5,215 9,123 9,354 9,294 8,764 9,271 13,519 16,354 Official creditors 1,897 1,089 1,151 1,131 1,003 1,040 1,024 933 Multilateral 1,416 829 898 908 793 848 801 732 of which: IBRD 808 289 346 354 200 215 189 131 IDA 7 4 3 2 2 1 0 0 Bilateral 481 260 252 223 210 192 222 201 Private creditors 3,318 8,034 8,204 8,163 7,761 8,231 12,495 15,421 of which: Bonds 0 5,406 5,938 5,401 4,513 5,413 8,995 11,346 Commercial banks 3,250 2,628 2,266 2,762 3,248 2,818 3,250 3,825 Private nonguaranteed 25,861 29,184 29,344 33,308 40,515 44,769 51,789 61,472 of which: Bonds 6,339 4,761 4,779 3,631 5,399 6,656 10,440 14,028 Disbursements 4,943 9,156 12,626 13,791 18,999 20,959 23,148 25,979 Public and publicly guaranteed 346 1,197 1,192 685 1,034 2,413 4,528 2,588 Official creditors 147 176 112 60 136 109 111 44 Multilateral 113 162 92 47 126 109 51 43 of which: IBRD 48 55 62 14 53 29 32 14 IDA 0 0 0 0 0 0 0 0 Bilateral 34 14 20 13 10 0 60 1 Private creditors 199 1,022 1,079 626 899 2,303 4,417 2,544 of which: Bonds 0 500 650 0 0 900 3,535 2,480 Commercial banks 199 522 429 626 899 1,403 632 64 Private nonguaranteed 4,597 7,959 11,434 13,105 17,965 18,547 18,620 23,391 of which: Bonds 672 700 813 843 1,680 3,045 4,687 7,353 Principal repayments 3,940 6,064 12,545 9,743 14,272 16,379 12,287 12,846 Public and publicly guaranteed 759 1,352 967 733 1,583 1,909 319 1,091 Official creditors 279 369 62 58 261 75 119 132 Multilateral 178 346 24 40 244 55 96 112 of which: IBRD 115 206 5 6 207 14 58 72 IDA 1 1 1 1 1 1 1 0 Bilateral 100 23 38 18 17 21 23 20 Private creditors 480 983 905 675 1,322 1,833 199 958 of which: Bonds 0 422 118 537 888 0 0 50 Commercial banks 479 537 787 138 435 1,833 199 908 Private nonguaranteed 3,181 4,711 11,578 9,010 12,689 14,470 11,968 11,755 of which: Bonds 0 195 765 1,105 1,002 1,799 962 1,920 Interest payments 2,081 1,288 1,653 1,595 1,546 1,454 1,844 2,209 Public and publicly guaranteed 377 458 493 528 528 422 418 549 Official creditors 138 49 49 55 47 40 27 26 Multilateral 112 43 43 50 42 31 23 23 of which: IBRD 70 16 17 20 13 6 2 1 IDA 0 0 0 0 0 0 0 0 Bilateral 26 6 6 5 5 9 4 2 Private creditors 239 409 444 473 481 382 392 523 of which: Bonds 0 299 313 336 249 281 337 488 Commercial banks 234 110 131 136 233 101 55 32 Private nonguaranteed 1,704 829 1,160 1,068 1,018 1,032 1,425 1,660 of which: Bonds 440 347 359 345 326 470 590 776 8. Debt stock-flow reconciliation Total change in external debt stocks 2,434 1,669 4,781 6,008 7,551 5,973 11,551 14,810 Net flows on external debt 2,859 2,730 4,462 6,143 5,607 4,699 11,168 15,428 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 108 126 120 127 126 122 98 87 Interest 23 22 21 21 19 17 15 13 Private creditors Principal 18,351 12,989 11,089 6,843 5,627 3,655 3,951 3,297 Interest 3,305 2,551 1,888 1,502 1,203 980 788 573 101 CHINA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 145,648 283,293 323,117 373,457 380,165 443,155 558,344 685,418 Long-term external debt 132,259 134,688 149,384 169,385 192,612 191,688 200,056 197,776 Public and publicly guaranteed 94,470 84,196 85,718 87,101 90,838 94,038 89,209 91,664 Private nonguaranteed 37,789 50,492 63,666 82,284 101,774 97,650 110,847 106,112 Use of IMF credit 309 338 356 374 365 10,958 10,764 10,731 Short-term external debt 13,080 148,267 173,377 203,698 187,188 240,509 347,524 476,911 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 94,470 83,937 85,474 86,929 90,680 93,896 89,080 92,148 Long-term private sector debt 37,789 50,751 63,910 82,456 101,932 97,793 110,976 105,628 Public & publicly guaranteed commitments 10,702 10,233 6,275 6,927 6,010 7,238 11,758 15,355 External debt flows Disbursements 19,006 29,228 26,524 36,907 38,188 23,648 42,423 36,884 Long-term external debt 19,006 29,228 26,524 36,907 38,188 23,648 42,423 36,884 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 19,362 20,936 18,120 20,405 23,959 33,448 29,511 39,320 Long-term external debt 19,362 20,936 18,120 20,405 23,959 33,448 29,511 39,320 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -2,457 40,789 33,514 46,823 -2,280 43,521 119,928 126,951 Long-term external debt -357 8,292 8,404 16,502 14,230 -9,800 12,913 -2,436 Short-term external debt -2,100 32,497 25,110 30,321 -16,510 53,321 107,015 129,387 Interest payments 7,245 6,530 9,375 11,418 9,301 6,355 34,128 38,729 Long-term external debt 6,064 3,218 3,820 5,464 4,812 3,122 6,291 7,916 IMF charges 14 10 14 13 3 25 34 12 Short-term external debt 1,168 3,302 5,541 5,942 4,486 3,208 27,802 30,802 2. Other non-debt resource inflows Foreign direct investment 38,399 104,109 124,082 156,249 171,535 131,057 243,703 220,143 Portfolio equity 6,912 20,569 42,861 18,478 8,464 29,117 31,357 5,308 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.3 8.9 8.4 6.8 6.4 6.9 6.1 Japanese yen 17.0 13.6 12.4 8.5 9.0 7.8 7.4 6.0 Pound sterling 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 71.3 74.1 75.3 80.2 81.7 83.7 83.8 86.5 4. Average terms of new commitments Official creditors Interest (%) 7.2 4.3 5.4 5.4 3.5 1.7 1.9 3.0 Maturity (years) 21.1 22.5 24.3 23.2 24.3 26.6 25.7 25.9 Grace period (years) 4.9 5.5 5.7 5.4 5.8 5.8 6.2 6.0 Private creditors Interest (%) 5.9 4.6 5.0 4.1 4.6 5.0 10.5 17.9 Maturity (years) 17.0 10.4 14.4 9.6 13.6 14.4 24.5 34.5 Grace period (years) 3.0 5.4 0.9 2.1 1.1 0.9 4.3 23.8 5. Major economic aggregates Gross national income (GNI) 1,183,809 2,240,803 2,707,551 3,501,856 4,539,527 4,998,556 5,904,632 7,306,634 Exports of goods, services & prim. income 292,111 809,731 1,028,022 1,338,833 1,605,353 1,368,583 1,790,140 2,141,686 Personal transfers & comp. of employees 5,237 8,832 11,150 17,513 22,694 22,903 33,440 40,483 Imports of goods, services & prim. income 277,904 701,218 824,246 1,022,752 1,227,941 1,156,985 1,593,015 1,965,233 Primary income on FDI 20,198 47,566 49,458 61,893 72,637 105,948 159,637 145,241 Current account balance 20,518 132,378 231,843 353,183 420,569 243,257 237,810 201,714 International reserves 168,278 821,514 1,068,493 1,530,282 1,949,260 2,416,044 2,866,079 3,202,789 6. Ratios External debt stocks to exports (%) 49.9 35.0 31.4 27.9 23.7 32.4 31.2 32.0 External debt stocks to GNI (%) 12.3 12.6 11.9 10.7 8.4 8.9 9.5 9.4 Debt service to exports (%) 9.1 3.4 2.7 2.4 2.1 2.9 3.6 3.6 Short-term to external debt stocks (%) 9.0 52.3 53.7 54.5 49.2 54.3 62.2 69.6 Multilateral to external debt stocks (%) 17.7 9.3 8.6 7.8 8.1 7.5 6.3 5.1 Reserves to external debt stocks (%) 115.5 290.0 330.7 409.8 512.7 545.2 513.3 467.3 Reserves to imports (months) 7.3 14.1 15.6 18.0 19.0 25.1 21.6 19.6 102 CHINA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 132,259 134,688 149,384 169,385 192,612 191,688 200,056 197,776 Public and publicly guaranteed 94,470 84,196 85,718 87,101 90,838 94,038 89,209 91,664 Official creditors 50,374 52,421 54,334 58,323 63,349 68,358 66,233 66,840 Multilateral 25,811 26,413 27,738 29,258 30,655 33,207 35,120 34,638 of which: IBRD 11,118 11,140 11,415 11,762 12,464 12,756 12,962 13,021 IDA 8,771 9,741 9,997 10,151 9,786 9,521 9,000 7,489 Bilateral 24,563 26,008 26,596 29,066 32,693 35,151 31,113 32,202 Private creditors 44,096 31,775 31,384 28,778 27,489 25,681 22,976 24,823 of which: Bonds 11,371 16,039 16,342 16,526 15,728 11,626 10,273 11,545 Commercial banks 10,619 3,247 3,763 3,030 2,868 2,735 2,202 2,456 Private nonguaranteed 37,789 50,492 63,666 82,284 101,774 97,650 110,847 106,112 of which: Bonds 1,068 3,574 5,279 6,018 5,970 7,020 17,976 30,025 Disbursements 19,006 29,228 26,524 36,907 38,188 23,648 42,423 36,884 Public and publicly guaranteed 11,924 9,776 6,278 7,130 5,449 6,481 10,125 15,549 Official creditors 5,790 2,170 3,588 3,403 3,893 3,310 4,348 6,481 Multilateral 3,303 2,010 2,153 2,425 2,870 2,657 2,623 2,841 of which: IBRD 1,528 1,061 1,134 1,194 1,604 1,290 1,282 1,261 IDA 379 70 34 14 9 1 0 0 Bilateral 2,487 159 1,434 978 1,023 653 1,725 3,640 Private creditors 6,133 7,606 2,690 3,727 1,556 3,171 5,777 9,068 of which: Bonds 848 4,208 0 1,456 0 0 0 3,848 Commercial banks 131 2,161 17 215 27 46 673 655 Private nonguaranteed 7,082 19,452 20,246 29,777 32,739 17,167 32,298 21,335 of which: Bonds 390 1,622 1,945 740 0 925 11,821 12,950 Principal repayments 19,362 20,936 18,120 20,405 23,959 33,448 29,511 39,320 Public and publicly guaranteed 10,235 6,659 6,520 5,342 6,750 6,473 9,802 13,250 Official creditors 4,270 1,413 2,684 2,949 2,809 2,594 4,614 6,059 Multilateral 1,400 1,195 1,333 1,397 1,520 1,602 1,795 3,293 of which: IBRD 578 787 901 908 971 992 1,086 1,207 IDA 66 217 243 276 309 331 349 1,539 Bilateral 2,870 217 1,351 1,552 1,289 993 2,819 2,767 Private creditors 5,965 5,246 3,836 2,393 3,940 3,878 5,188 7,191 of which: Bonds 443 550 0 0 742 500 431 2,555 Commercial banks 2,016 1,936 149 676 264 200 372 395 Private nonguaranteed 9,127 14,277 11,600 15,063 17,209 26,976 19,708 26,069 of which: Bonds 534 370 240 0 350 464 277 900 Interest payments 6,064 3,218 3,820 5,464 4,812 3,122 6,291 7,916 Public and publicly guaranteed 4,140 2,201 2,306 3,237 2,591 2,108 2,626 2,797 Official creditors 2,386 1,375 1,429 1,701 1,407 1,090 1,844 1,832 Multilateral 1,518 680 935 1,105 1,009 733 522 637 of which: IBRD 713 351 542 653 553 363 143 132 IDA 65 79 74 74 79 69 67 72 Bilateral 867 695 493 596 398 358 1,321 1,195 Private creditors 1,754 826 877 1,537 1,184 1,017 783 964 of which: Bonds 521 430 502 778 497 557 393 532 Commercial banks 222 71 80 182 33 42 32 41 Private nonguaranteed 1,924 1,017 1,514 2,227 2,220 1,015 3,665 5,119 of which: Bonds 93 248 343 445 431 445 672 1,990 8. Debt stock-flow reconciliation Total change in external debt stocks -2,916 37,383 39,824 50,340 6,707 62,990 115,189 127,074 Net flows on external debt -2,457 40,789 33,514 46,823 -2,280 43,521 119,928 126,951 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 7,376 6,873 6,756 6,521 6,327 6,268 6,014 5,822 Interest 2,072 1,850 1,632 1,425 1,230 1,038 849 662 Private creditors Principal 35,966 22,916 16,456 17,156 14,273 7,149 6,189 561 Interest 5,658 4,587 3,856 3,039 1,914 1,242 847 610 Notes: Long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt data for 2011 are World Bank staff estimates based on creditors and market data. 103 COLOMBIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 33,231 37,197 37,639 43,421 46,271 53,054 64,124 76,918 Long-term external debt 30,211 30,858 32,704 38,079 40,462 47,884 54,778 64,968 Public and publicly guaranteed 19,952 21,869 24,163 26,967 28,650 35,135 36,700 39,040 Private nonguaranteed 10,259 8,989 8,541 11,112 11,812 12,749 18,078 25,928 Use of IMF credit 149 163 172 181 176 1,157 1,137 1,134 Short-term external debt 2,871 6,176 4,763 5,161 5,633 4,013 8,209 10,816 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 8 0 0 0 0 0 0 0 Long-term public sector debt 19,951 21,868 24,162 26,966 28,173 34,608 36,197 38,691 Long-term private sector debt 10,261 8,990 8,542 11,113 12,289 13,276 18,581 26,277 Public & publicly guaranteed commitments 3,782 4,875 4,916 4,589 5,098 7,971 3,167 4,032 External debt flows Disbursements 3,753 6,518 8,944 8,805 7,086 13,146 12,840 16,310 Long-term external debt 3,753 6,518 8,944 8,805 7,086 13,146 12,840 16,310 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,890 7,276 7,641 5,463 4,745 5,784 6,436 6,400 Long-term external debt 2,890 7,276 7,641 5,463 4,745 5,784 6,436 6,400 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -231 298 -111 3,740 2,813 5,742 10,600 12,517 Long-term external debt 863 -758 1,303 3,342 2,341 7,362 6,404 9,910 Short-term external debt -1,094 1,056 -1,413 398 472 -1,620 4,196 2,607 Interest payments 2,130 2,772 2,524 2,948 2,990 2,886 3,214 3,696 Long-term external debt 1,952 2,513 2,297 2,698 2,724 2,694 2,824 3,187 IMF charges 6 5 7 6 1 3 4 1 Short-term external debt 172 254 220 244 265 189 386 508 2. Other non-debt resource inflows Foreign direct investment 2,436 10,252 6,656 9,487 10,182 7,137 6,899 13,234 Portfolio equity 17 86 -30 790 -86 67 1,351 1,985 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 4.3 3.6 3.5 1.4 1.1 1.0 0.1 Japanese yen 3.8 1.7 1.4 1.1 1.1 2.2 2.3 2.3 Pound sterling 0.8 0.8 0.8 0.8 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 72.3 84.3 87.4 89.3 93.4 94.1 94.8 96.3 4. Average terms of new commitments Official creditors Interest (%) 8.8 5.1 5.5 5.7 3.4 1.6 1.7 0.9 Maturity (years) 12.1 15.9 17.7 12.3 23.2 23.9 22.0 17.3 Grace period (years) 3.1 6.0 5.3 4.8 7.1 7.0 5.9 9.0 Private creditors Interest (%) 7.6 8.0 7.5 9.2 6.8 6.6 7.5 4.9 Maturity (years) 10.3 11.5 18.3 13.6 14.5 14.0 12.0 11.4 Grace period (years) 7.5 10.2 17.9 13.4 13.7 13.6 11.2 11.1 5. Major economic aggregates Gross national income (GNI) 98,048 141,064 156,805 199,659 234,306 226,816 276,820 316,465 Exports of goods, services & prim. income 16,850 25,289 29,816 35,844 44,349 39,427 46,463 64,668 Personal transfers & comp. of employees 1,610 3,346 3,928 4,523 4,884 4,180 4,058 4,205 Imports of goods, services & prim. income 17,728 31,257 37,547 47,050 56,561 49,000 59,698 79,595 Primary income on FDI 655 3,565 4,591 6,598 8,663 7,628 9,792 14,111 Current account balance 795 -1,886 -2,989 -5,977 -6,699 -4,960 -8,760 -9,980 International reserves 8,916 14,787 15,296 20,767 23,479 24,748 27,766 31,386 6. Ratios External debt stocks to exports (%) 197.2 147.1 126.2 121.1 104.3 134.6 138.0 118.9 External debt stocks to GNI (%) 33.9 26.4 24.0 21.7 19.7 23.4 23.2 24.3 Debt service to exports (%) 29.8 39.7 34.1 23.5 17.4 22.0 20.8 15.6 Short-term to external debt stocks (%) 8.6 16.6 12.7 11.9 12.2 7.6 12.8 14.1 Multilateral to external debt stocks (%) 17.3 24.6 27.8 25.3 27.9 27.4 24.6 20.9 Reserves to external debt stocks (%) 26.8 39.8 40.6 47.8 50.7 46.6 43.3 40.8 Reserves to imports (months) 6.0 5.7 4.9 5.3 5.0 6.1 5.6 4.7 104 COLOMBIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 30,211 30,858 32,704 38,079 40,462 47,884 54,778 64,968 Public and publicly guaranteed 19,952 21,869 24,163 26,967 28,650 35,135 36,700 39,040 Official creditors 6,868 9,862 11,079 11,541 13,408 14,990 16,151 16,580 Multilateral 5,761 9,152 10,466 10,989 12,907 14,557 15,760 16,072 of which: IBRD 1,920 3,896 4,563 4,756 5,438 6,570 7,504 7,583 IDA 7 4 3 2 2 1 0 0 Bilateral 1,107 710 613 552 502 433 391 508 Private creditors 13,084 12,007 13,084 15,427 15,242 20,145 20,549 22,460 of which: Bonds 8,201 10,927 12,162 12,354 12,280 17,159 17,686 19,880 Commercial banks 4,252 824 777 2,243 2,224 2,212 2,085 1,800 Private nonguaranteed 10,259 8,989 8,541 11,112 11,812 12,749 18,078 25,928 of which: Bonds 762 370 540 809 809 2,709 3,329 6,049 Disbursements 3,753 6,518 8,944 8,805 7,086 13,146 12,840 16,310 Public and publicly guaranteed 2,889 4,397 5,579 4,439 3,854 8,105 3,499 4,471 Official creditors 610 1,469 2,238 1,583 2,558 2,413 2,124 1,459 Multilateral 513 1,469 2,220 1,582 2,537 2,398 2,123 1,308 of which: IBRD 266 705 942 564 847 1,331 1,279 380 IDA 0 0 0 0 0 0 0 0 Bilateral 97 0 18 2 21 15 1 152 Private creditors 2,279 2,928 3,341 2,856 1,296 5,691 1,375 3,012 of which: Bonds 1,804 2,304 2,696 1,293 1,000 5,491 1,335 2,611 Commercial banks 469 616 645 1,562 296 200 40 401 Private nonguaranteed 865 2,121 3,364 4,366 3,232 5,041 9,340 11,839 of which: Bonds 0 0 170 469 0 1,900 620 2,720 Principal repayments 2,890 7,276 7,641 5,463 4,745 5,784 6,436 6,400 Public and publicly guaranteed 2,058 4,584 3,735 2,736 2,040 1,658 2,188 2,207 Official creditors 547 2,096 1,049 1,237 753 808 986 1,025 Multilateral 451 1,985 919 1,161 666 722 944 990 of which: IBRD 242 218 259 432 158 216 342 296 IDA 1 1 1 1 1 1 1 0 Bilateral 96 111 131 76 87 87 42 35 Private creditors 1,511 2,488 2,686 1,499 1,287 850 1,202 1,183 of which: Bonds 469 1,723 1,879 1,353 953 623 983 481 Commercial banks 838 680 693 101 315 212 204 686 Private nonguaranteed 832 2,692 3,906 2,727 2,705 4,126 4,248 4,193 of which: Bonds 110 0 0 200 0 0 0 0 Interest payments 1,952 2,513 2,297 2,698 2,724 2,694 2,824 3,187 Public and publicly guaranteed 1,334 1,876 1,590 1,898 2,068 1,977 2,118 2,087 Official creditors 461 502 519 631 617 574 540 516 Multilateral 414 477 499 612 601 561 530 507 of which: IBRD 126 174 210 256 241 242 249 250 IDA 0 0 0 0 0 0 0 0 Bilateral 47 25 20 19 16 13 10 9 Private creditors 873 1,374 1,072 1,267 1,451 1,403 1,577 1,571 of which: Bonds 515 1,284 1,005 1,058 1,112 1,073 1,282 1,315 Commercial banks 298 70 53 49 184 170 125 87 Private nonguaranteed 618 637 707 800 656 718 707 1,100 of which: Bonds 84 36 43 75 68 129 221 308 8. Debt stock-flow reconciliation Total change in external debt stocks -538 -56 441 5,782 2,850 6,783 11,070 12,794 Net flows on external debt -231 298 -111 3,740 2,813 5,742 10,600 12,517 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,110 1,077 1,333 1,212 1,182 1,108 1,227 939 Interest 358 340 313 284 257 230 205 180 Private creditors Principal 4,903 3,509 4,198 6,918 2,367 4,381 633 6,539 Interest 2,758 2,517 2,392 2,178 1,835 1,685 1,453 1,294 105 COMOROS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 226.7 280.8 284.8 289.2 278.8 288.4 280.6 277.9 Long-term external debt 204.0 255.3 257.5 276.5 267.4 260.2 250.7 245.5 Public and publicly guaranteed 204.0 255.3 257.5 276.5 267.4 260.2 250.7 245.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 2.4 1.0 1.1 1.1 6.2 23.4 25.4 27.7 Short-term external debt 20.3 24.5 26.2 11.6 5.2 4.7 4.4 4.7 interest arrears on long-term 11.3 21.5 22.2 7.6 5.2 4.7 4.4 4.7 Memorandum items Principal arrears on long-term 46.1 63.4 67.5 26.2 24.0 21.2 16.6 16.7 Long-term public sector debt 204.0 255.3 257.5 276.5 267.4 260.2 250.7 245.5 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.0 0.6 0.0 0.0 0.0 0.0 31.8 0.0 External debt flows Disbursements 2.1 3.3 3.0 4.8 6.7 6.9 2.4 2.5 Long-term external debt 2.1 3.3 3.0 4.8 1.4 0.3 0.0 0.0 IMF purchases 0.0 0.0 0.0 0.0 5.3 6.5 2.4 2.5 Principal repayments 1.8 2.6 2.4 12.8 8.1 8.9 3.1 2.2 Long-term external debt 1.2 2.6 2.4 12.8 8.1 7.2 3.1 2.2 IMF repurchases 0.6 0.0 0.0 0.0 0.0 1.7 0.0 0.0 Net flows 2.3 0.7 1.6 -8.0 -5.5 -2.1 -0.7 0.2 Long-term external debt 0.9 0.7 0.6 -8.0 -6.7 -6.9 -3.1 -2.2 Short-term external debt 2.0 0.0 1.0 0.0 -4.0 0.0 0.0 0.0 Interest payments 1.5 1.5 1.4 13.4 4.2 2.9 1.2 1.7 Long-term external debt 0.8 1.3 1.2 13.1 4.2 2.9 1.1 1.7 IMF charges 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Short-term external debt 0.6 0.2 0.2 0.2 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 0.1 0.6 0.8 7.7 4.6 13.8 3.9 6.8 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 12.5 12.4 11.7 11.6 11.6 11.6 11.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 32.4 41.1 41.8 43.1 43.7 44.3 45.0 45.0 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 39.7 0.0 0.0 0.0 0.0 25.8 0.0 Grace period (years) 0.0 10.2 0.0 0.0 0.0 0.0 5.3 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 202.2 385.9 403.6 466.9 530.3 534.6 538.8 609.7 Exports of goods, services & prim. income .. 59.5 63.5 69.7 81.1 79.7 .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. 138.3 155.7 174.7 254.8 245.4 .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. -26.8 -22.5 -29.5 -68.8 -45.9 .. .. International reserves 43.2 85.8 93.5 117.2 112.2 150.3 145.3 155.2 6. Ratios External debt stocks to exports (%) .. 471.9 448.4 415.2 343.7 361.8 .. .. External debt stocks to GNI (%) 112.1 72.8 70.6 61.9 52.6 53.9 52.1 45.6 Debt service to exports (%) .. 6.8 5.9 37.6 15.2 14.9 .. .. Short-term to external debt stocks (%) 9.0 8.7 9.2 4.0 1.9 1.6 1.6 1.7 Multilateral to external debt stocks (%) 73.2 73.8 76.2 78.9 78.7 74.4 72.7 71.4 Reserves to external debt stocks (%) 19.1 30.6 32.8 40.5 40.2 52.1 51.8 55.8 Reserves to imports (months) .. 7.4 7.2 8.0 5.3 7.3 .. .. 106 COMOROS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 204.0 255.3 257.5 276.5 267.4 260.2 250.7 245.5 Public and publicly guaranteed 204.0 255.3 257.5 276.5 267.4 260.2 250.7 245.5 Official creditors 204.0 255.3 257.5 276.5 267.4 260.2 250.7 245.5 Multilateral 165.9 207.3 216.9 228.1 219.4 214.6 203.8 198.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 70.8 111.1 117.1 124.4 122.3 120.4 115.5 112.0 Bilateral 38.1 48.0 40.6 48.4 48.0 45.6 46.9 46.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 2.1 3.3 3.0 4.8 1.4 0.3 0.0 0.0 Public and publicly guaranteed 2.1 3.3 3.0 4.8 1.4 0.3 0.0 0.0 Official creditors 2.1 3.3 3.0 4.8 1.4 0.3 0.0 0.0 Multilateral 2.1 3.3 3.0 4.8 1.4 0.3 0.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.1 2.7 3.0 4.8 1.4 0.3 0.0 0.0 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 1.2 2.6 2.4 12.8 8.1 7.2 3.1 2.2 Public and publicly guaranteed 1.2 2.6 2.4 12.8 8.1 7.2 3.1 2.2 Official creditors 1.2 2.6 2.4 12.8 8.1 7.2 3.1 2.2 Multilateral 1.2 2.6 2.4 12.8 8.1 7.2 3.1 2.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.8 2.0 2.0 2.3 2.6 3.1 1.7 0.7 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 0.8 1.3 1.2 13.1 4.2 2.9 1.1 1.7 Public and publicly guaranteed 0.8 1.3 1.2 13.1 4.2 2.9 1.1 1.7 Official creditors 0.8 1.3 1.2 13.1 4.2 2.9 1.1 1.7 Multilateral 0.8 1.3 1.2 12.9 3.9 2.6 1.1 1.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.8 0.9 0.9 0.9 0.8 1.1 0.7 0.8 Bilateral 0.0 0.0 0.0 0.2 0.3 0.3 0.0 0.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -2.1 -15.6 4.0 4.5 -10.4 9.5 -7.8 -2.6 Net flows on external debt 2.3 0.7 1.6 -8.0 -5.5 -2.1 -0.7 0.2 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 68.6 0.0 0.0 28.9 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 1.7 2.7 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 7.4 6.6 6.8 7.3 8.9 9.0 10.0 10.3 Interest 1.6 1.6 1.5 1.5 1.5 1.4 1.4 1.3 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Data include the effects of Paris Club debt restructuring agreements signed in 2010 and HIPC debt relief. 107 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 11,805 10,715 11,357 12,485 12,336 13,097 6,204 5,448 Long-term external debt 7,880 9,403 9,878 10,918 10,876 10,893 4,613 3,940 Public and publicly guaranteed 7,880 9,403 9,878 10,918 10,876 10,893 4,613 3,940 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 503 914 962 945 787 1,601 1,110 1,258 Short-term external debt 3,421 397 517 622 673 603 481 250 interest arrears on long-term 3,042 359 375 442 467 489 267 73 Memorandum items Principal arrears on long-term 4,949 1,177 1,257 1,511 1,662 2,227 680 123 Long-term public sector debt 7,867 9,403 9,878 10,918 10,876 10,893 4,613 3,940 Long-term private sector debt 13 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 45 45 0 35 11 77 818 External debt flows Disbursements 0 288 183 116 110 413 153 233 Long-term external debt 0 249 183 116 110 131 78 77 IMF purchases 0 39 0 0 0 282 76 156 Principal repayments 0 112 142 219 307 376 145 130 Long-term external debt 0 112 142 155 170 226 88 130 IMF repurchases 0 0 0 64 137 150 57 0 Net flows 20 95 145 -65 -171 -55 108 66 Long-term external debt 0 137 41 -39 -60 -94 -11 -53 Short-term external debt 20 -81 104 38 26 -92 100 -37 Interest payments 30 106 148 282 286 249 129 123 Long-term external debt 0 97 134 266 275 242 125 120 IMF charges 5 6 9 9 5 6 3 1 Short-term external debt 25 3 5 6 6 2 2 2 2. Other non-debt resource inflows Foreign direct investment 72 167 238 1,794 1,673 -278 2,729 1,596 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 30.1 31.4 31.0 28.9 29.3 8.0 2.9 Japanese yen 4.8 7.3 6.8 6.3 7.9 7.7 0.0 0.0 Pound sterling 1.1 1.2 1.3 1.2 0.9 1.0 0.1 0.0 Swiss franc 0.2 0.3 0.3 0.3 0.3 0.2 0.1 0.0 U.S.dollars 44.6 45.8 45.0 41.7 41.9 41.4 44.5 52.7 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.5 2.2 0.0 0.0 1.0 1.5 1.2 Maturity (years) 0.0 30.3 27.8 0.0 6.6 34.3 23.2 17.1 Grace period (years) 0.0 6.7 1.7 0.0 2.1 11.6 7.2 3.5 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 1.3 0.0 0.0 0.0 5.9 0.0 Grace period (years) 0.0 0.0 0.2 0.0 0.0 0.0 0.4 0.0 5. Major economic aggregates Gross national income (GNI) 3,918 6,684 8,354 9,380 10,345 10,418 12,199 14,375 Exports of goods, services & prim. income .. 2,756 3,155 6,566 7,716 5,047 8,915 10,379 Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. 3,892 3,829 6,901 8,863 7,571 11,931 13,071 Primary income on FDI .. .. .. .. .. .. 131 .. Current account balance .. -389 48 527 -151 -1,123 -2,174 -1,281 International reserves 83 131 155 181 78 1,035 1,300 1,268 6. Ratios External debt stocks to exports (%) .. 388.8 359.9 190.1 159.9 259.5 69.6 52.5 External debt stocks to GNI (%) 301.3 160.3 135.9 133.1 119.2 125.7 50.9 37.9 Debt service to exports (%) .. 7.9 9.2 7.6 7.7 12.4 3.1 2.4 Short-term to external debt stocks (%) 29.0 3.7 4.5 5.0 5.5 4.6 7.8 4.6 Multilateral to external debt stocks (%) 18.3 28.5 28.9 32.5 33.7 32.1 42.0 44.3 Reserves to external debt stocks (%) 0.7 1.2 1.4 1.4 0.6 7.9 20.9 23.3 Reserves to imports (months) .. 0.4 0.5 0.3 0.1 1.6 1.3 1.2 108 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 7,880 9,403 9,878 10,918 10,876 10,893 4,613 3,940 Public and publicly guaranteed 7,880 9,403 9,878 10,918 10,876 10,893 4,613 3,940 Official creditors 7,384 9,033 9,512 10,561 10,524 10,561 4,487 3,923 Multilateral 2,164 3,050 3,282 4,058 4,151 4,205 2,604 2,411 of which: IBRD 81 0 0 0 0 0 0 0 IDA 1,188 2,050 2,251 2,402 2,437 2,497 849 887 Bilateral 5,220 5,983 6,230 6,503 6,373 6,356 1,883 1,512 Private creditors 496 370 367 357 351 332 126 16 of which: Bonds 3 1 1 0 0 0 0 0 Commercial banks 81 1 1 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 0 249 183 116 110 131 78 77 Public and publicly guaranteed 0 249 183 116 110 131 78 77 Official creditors 0 249 183 115 110 131 58 77 Multilateral 0 249 143 105 100 121 56 62 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 226 138 99 92 85 19 43 Bilateral 0 0 39 10 10 10 2 15 Private creditors 0 0 0 1 0 0 20 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 112 142 155 170 226 88 130 Public and publicly guaranteed 0 112 142 155 170 226 88 130 Official creditors 0 110 136 150 163 205 84 127 Multilateral 0 11 19 40 58 69 56 122 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 1 1 3 7 1 0 Bilateral 0 98 116 111 105 136 28 6 Private creditors 0 2 6 5 7 21 4 3 of which: Bonds 0 1 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 0 97 134 266 275 242 125 120 Public and publicly guaranteed 0 97 134 266 275 242 125 120 Official creditors 0 95 132 264 272 240 124 120 Multilateral 0 52 62 113 126 125 120 115 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 12 12 14 15 16 12 7 Bilateral 0 43 70 151 145 115 4 5 Private creditors 0 1 2 2 3 2 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -362 -843 643 1,128 -149 761 -6,893 -756 Net flows on external debt 20 95 145 -65 -171 -55 108 66 9. Debt restructurings Total amount rescheduled 0 34 14 0 0 0 1,189 0 Total amount forgiven 0 85 37 40 48 37 6,653 244 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 222 236 256 258 256 296 235 235 Interest 104 105 103 99 95 90 86 82 Private creditors Principal 3 3 3 3 3 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and MDRI and HIPC debt relief. 109 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,865 6,258 6,685 5,788 5,991 5,224 2,618 2,523 Long-term external debt 3,735 5,471 5,824 5,331 5,531 4,852 2,218 2,157 Public and publicly guaranteed 3,735 5,471 5,824 5,331 5,531 4,852 2,218 2,157 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 54 40 50 53 53 168 150 155 Short-term external debt 1,076 747 811 404 407 204 251 211 interest arrears on long-term 655 736 749 299 270 137 134 117 Memorandum items Principal arrears on long-term 1,759 2,579 2,639 1,092 1,058 512 412 368 Long-term public sector debt 3,735 5,471 5,824 5,331 5,531 4,852 2,218 2,157 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 24 603 17 10 13 394 79 313 External debt flows Disbursements 15 195 163 28 21 10 506 214 Long-term external debt 1 183 152 28 19 7 504 208 IMF purchases 14 12 12 0 2 4 2 6 Principal repayments 6 77 54 74 107 92 86 77 Long-term external debt 6 65 50 74 107 92 86 77 IMF repurchases 0 12 4 0 0 0 0 0 Net flows -52 128 161 -3 -54 -151 469 114 Long-term external debt -5 118 102 -46 -88 -85 418 131 Short-term external debt -61 11 51 43 32 -70 50 -23 Interest payments 39 35 34 35 65 75 28 25 Long-term external debt 7 34 31 29 62 73 27 24 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 30 0 2 5 3 1 1 2 2. Other non-debt resource inflows Foreign direct investment 166 801 1,488 2,638 2,526 1,862 2,209 2,931 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 36.7 36.8 42.8 41.2 43.3 7.2 7.0 Japanese yen 0.2 0.1 0.1 0.2 0.2 0.0 0.0 0.0 Pound sterling 4.8 5.2 6.3 6.2 4.4 5.4 0.0 0.0 Swiss franc 0.3 0.2 0.2 0.3 0.3 0.3 0.1 0.1 U.S.dollars 29.5 52.0 50.7 43.2 47.7 44.5 83.1 82.4 4. Average terms of new commitments Official creditors Interest (%) 2.0 0.3 2.4 1.0 2.8 0.9 3.2 1.5 Maturity (years) 15.0 17.1 39.5 19.7 19.5 19.5 16.0 20.3 Grace period (years) 7.0 5.1 10.4 5.0 5.0 5.2 6.1 4.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 4.0 0.0 4.0 2.4 Maturity (years) 0.0 0.0 0.0 0.0 9.8 0.0 7.8 3.2 Grace period (years) 0.0 0.0 0.0 0.0 0.3 0.0 0.3 0.7 5. Major economic aggregates Gross national income (GNI) 2,275 4,032 5,105 5,774 8,768 6,979 9,024 10,923 Exports of goods, services & prim. income 2,642 4,983 6,352 6,151 .. .. .. .. Personal transfers & comp. of employees 10 11 13 15 .. .. .. .. Imports of goods, services & prim. income 2,013 4,318 6,202 8,294 .. .. .. .. Primary income on FDI 466 1,296 1,403 1,651 .. .. .. .. Current account balance 648 696 124 -2,181 .. .. .. .. International reserves 222 732 1,841 2,174 3,872 3,806 4,447 5,641 6. Ratios External debt stocks to exports (%) 184.1 125.6 105.3 94.1 .. .. .. .. External debt stocks to GNI (%) 213.8 155.2 130.9 100.2 68.3 74.9 29.0 23.1 Debt service to exports (%) 1.7 2.3 1.4 1.8 .. .. .. .. Short-term to external debt stocks (%) 22.1 11.9 12.1 7.0 6.8 3.9 9.6 8.4 Multilateral to external debt stocks (%) 10.3 8.2 7.7 8.6 7.4 8.3 6.6 6.4 Reserves to external debt stocks (%) 4.6 11.7 27.5 37.6 64.6 72.9 169.9 223.6 Reserves to imports (months) 1.3 2.0 3.6 3.1 .. .. .. .. 110 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,735 5,471 5,824 5,331 5,531 4,852 2,218 2,157 Public and publicly guaranteed 3,735 5,471 5,824 5,331 5,531 4,852 2,218 2,157 Official creditors 2,920 3,293 3,608 3,863 4,117 3,831 1,220 1,140 Multilateral 499 512 517 500 443 433 172 161 of which: IBRD 65 0 0 0 0 0 0 0 IDA 159 280 295 303 299 298 84 86 Bilateral 2,421 2,780 3,091 3,363 3,674 3,398 1,048 979 Private creditors 815 2,179 2,216 1,467 1,414 1,021 997 1,017 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 686 2,017 2,037 1,281 1,242 877 866 892 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1 183 152 28 19 7 504 208 Public and publicly guaranteed 1 183 152 28 19 7 504 208 Official creditors 1 183 152 28 14 7 502 170 Multilateral 0 48 18 14 9 5 5 5 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 35 8 2 3 3 2 2 Bilateral 1 135 134 14 4 1 496 165 Private creditors 0 0 0 0 5 0 2 38 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 38 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 6 65 50 74 107 92 86 77 Public and publicly guaranteed 6 65 50 74 107 92 86 77 Official creditors 6 65 50 72 79 80 74 65 Multilateral 6 47 31 23 16 16 18 15 of which: IBRD 2 0 0 0 0 0 0 0 IDA 1 5 3 2 2 2 1 0 Bilateral 0 19 19 49 64 64 56 50 Private creditors 0 0 0 1 27 12 12 12 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 24 11 11 11 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 7 34 31 29 62 73 27 24 Public and publicly guaranteed 7 34 31 29 62 73 27 24 Official creditors 7 34 31 29 57 55 8 5 Multilateral 7 26 14 11 7 6 5 4 of which: IBRD 1 0 0 0 0 0 0 0 IDA 1 2 2 2 2 2 1 1 Bilateral 0 8 17 19 50 49 4 2 Private creditors 0 0 0 0 5 18 18 18 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 5 18 18 18 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -141 -437 427 -898 203 -767 -2,606 -95 Net flows on external debt -52 128 161 -3 -54 -151 469 114 9. Debt restructurings Total amount rescheduled 0 123 124 616 312 53 0 60 Total amount forgiven 0 141 152 1,282 153 770 3,148 2 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 258 73 100 93 91 94 95 94 Interest 5 5 6 6 6 6 5 5 Private creditors Principal 165 149 144 60 55 50 47 44 Interest 23 20 16 13 11 12 10 9 Notes: Long-term public and publicly guaranteed debt data for 2011 are World Bank staff estimates based on reports provided by the country. Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 111 COSTA RICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,736 6,524 7,032 8,450 9,251 8,164 8,522 10,291 Long-term external debt 3,742 4,393 4,641 5,178 5,226 5,675 5,850 7,629 Public and publicly guaranteed 3,506 3,162 3,316 3,657 3,232 3,216 3,797 3,925 Private nonguaranteed 236 1,231 1,325 1,521 1,994 2,459 2,053 3,704 Use of IMF credit 31 34 36 37 37 245 241 240 Short-term external debt 962 2,097 2,355 3,234 3,989 2,243 2,431 2,422 interest arrears on long-term 27 2 2 0 0 0 0 0 Memorandum items Principal arrears on long-term 69 0 0 0 0 0 0 0 Long-term public sector debt 3,505 3,162 3,316 3,657 3,232 3,216 3,797 3,925 Long-term private sector debt 237 1,231 1,325 1,521 1,994 2,459 2,053 3,704 Public & publicly guaranteed commitments 824 358 416 264 446 1,848 175 646 External debt flows Disbursements 758 986 458 610 1,178 1,329 1,378 1,800 Long-term external debt 758 986 458 610 1,178 1,329 1,378 1,800 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 391 570 498 562 1,124 858 575 1,111 Long-term external debt 391 570 498 562 1,124 858 575 1,111 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 545 841 218 928 809 -1,274 991 680 Long-term external debt 367 416 -40 48 54 471 804 689 Short-term external debt 179 425 258 880 755 -1,745 188 -9 Interest payments 264 275 295 349 463 429 397 482 Long-term external debt 206 180 176 208 352 366 329 415 IMF charges 1 1 1 1 0 1 1 0 Short-term external debt 56 94 118 140 110 62 67 67 2. Other non-debt resource inflows Foreign direct investment 409 861 1,469 1,896 2,078 1,347 1,466 2,176 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.7 1.6 1.7 1.7 1.6 1.2 0.9 Japanese yen 4.0 2.7 2.1 2.3 3.7 5.1 5.8 5.6 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.8 77.1 80.2 82.8 86.3 87.7 87.7 89.4 4. Average terms of new commitments Official creditors Interest (%) 6.3 5.7 4.8 5.6 4.5 3.1 4.8 2.6 Maturity (years) 4.3 17.5 15.1 11.3 17.3 19.6 7.1 19.1 Grace period (years) 1.8 4.0 3.9 2.2 4.0 4.1 0.3 4.0 Private creditors Interest (%) 8.3 8.2 6.9 6.0 0.0 5.4 4.7 5.9 Maturity (years) 17.3 12.1 10.3 1.4 0.0 7.4 3.9 8.3 Grace period (years) 17.3 0.5 10.3 0.3 0.0 5.6 0.8 7.6 5. Major economic aggregates Gross national income (GNI) 14,697 19,184 21,803 25,574 29,078 28,503 35,233 40,056 Exports of goods, services & prim. income 7,992 7,535 8,605 10,184 10,863 9,890 10,797 11,791 Personal transfers & comp. of employees 136 420 513 618 605 513 531 520 Imports of goods, services & prim. income 8,793 8,787 9,977 12,300 14,092 10,825 12,445 14,310 Primary income on FDI 1,141 743 853 1,131 749 986 606 503 Current account balance -707 -981 -1,023 -1,646 -2,787 -576 -1,281 -2,195 International reserves 1,318 2,313 3,115 4,114 3,799 4,066 4,627 4,756 6. Ratios External debt stocks to exports (%) 59.3 86.6 81.7 83.0 85.2 82.5 78.9 87.3 External debt stocks to GNI (%) 32.2 34.0 32.3 33.0 31.8 28.6 24.2 25.7 Debt service to exports (%) 8.2 11.2 9.2 8.9 14.6 13.0 9.0 13.5 Short-term to external debt stocks (%) 20.3 32.1 33.5 38.3 43.1 27.5 28.5 23.5 Multilateral to external debt stocks (%) 28.7 18.0 17.9 14.2 11.9 14.6 20.8 17.4 Reserves to external debt stocks (%) 27.8 35.5 44.3 48.7 41.1 49.8 54.3 46.2 Reserves to imports (months) 1.8 3.2 3.7 4.0 3.2 4.5 4.5 4.0 112 COSTA RICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,742 4,393 4,641 5,178 5,226 5,675 5,850 7,629 Public and publicly guaranteed 3,506 3,162 3,316 3,657 3,232 3,216 3,797 3,925 Official creditors 1,915 1,371 1,452 1,483 1,420 1,586 2,201 2,196 Multilateral 1,359 1,177 1,261 1,201 1,097 1,188 1,771 1,794 of which: IBRD 121 59 53 45 41 57 570 587 IDA 2 1 1 1 0 0 0 0 Bilateral 556 194 192 281 322 398 430 402 Private creditors 1,591 1,791 1,864 2,174 1,812 1,630 1,596 1,729 of which: Bonds 1,542 1,669 1,685 1,900 1,660 1,435 1,435 1,435 Commercial banks 23 102 161 257 137 182 148 246 Private nonguaranteed 236 1,231 1,325 1,521 1,994 2,459 2,053 3,704 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 758 986 458 610 1,178 1,329 1,378 1,800 Public and publicly guaranteed 749 75 142 118 394 559 848 695 Official creditors 249 75 92 118 383 419 845 269 Multilateral 130 69 77 102 319 296 784 256 of which: IBRD 6 5 5 1 4 24 521 24 IDA 0 0 0 0 0 0 0 0 Bilateral 118 6 15 16 63 122 61 14 Private creditors 500 0 50 0 11 141 2 426 of which: Bonds 500 0 50 0 0 75 0 250 Commercial banks 0 0 0 0 11 66 0 137 Private nonguaranteed 9 910 316 492 785 770 531 1,105 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 391 570 498 562 1,124 858 575 1,111 Public and publicly guaranteed 374 365 276 266 848 574 293 575 Official creditors 337 306 230 224 475 251 257 283 Multilateral 158 276 213 195 432 204 206 233 of which: IBRD 33 17 11 9 8 7 9 7 IDA 0 0 0 0 0 0 0 0 Bilateral 180 31 18 30 43 47 51 50 Private creditors 37 59 45 42 373 323 36 292 of which: Bonds 30 41 34 35 240 300 0 250 Commercial banks 4 17 11 7 130 21 34 39 Private nonguaranteed 17 204 222 296 276 284 282 536 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 206 180 176 208 352 366 329 415 Public and publicly guaranteed 190 106 96 116 249 219 213 200 Official creditors 105 63 53 43 81 77 86 85 Multilateral 84 58 50 40 71 67 76 74 of which: IBRD 12 3 3 3 3 2 3 10 IDA 0 0 0 0 0 0 0 0 Bilateral 20 5 3 3 10 10 11 11 Private creditors 86 43 42 73 168 142 127 115 of which: Bonds 80 39 37 68 152 131 116 105 Commercial banks 2 3 5 4 14 9 9 8 Private nonguaranteed 16 74 80 92 104 147 116 215 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 485 770 509 1,417 801 -1,086 357 1,770 Net flows on external debt 545 841 218 928 809 -1,274 991 680 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 268 288 261 236 193 185 177 158 Interest 69 60 52 44 38 33 29 25 Private creditors Principal 1,282 1,009 997 424 484 247 192 146 Interest 286 213 162 119 95 75 63 54 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. 113 COTE D'IVOIRE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 12,187 11,966 12,821 13,925 12,632 13,922 10,794 12,012 Long-term external debt 10,546 10,866 11,605 12,237 11,041 12,984 9,619 10,108 Public and publicly guaranteed 9,063 9,965 10,823 11,646 10,628 12,713 9,339 9,800 Private nonguaranteed 1,482 900 782 591 414 271 280 308 Use of IMF credit 599 252 207 233 247 839 861 1,090 Short-term external debt 1,043 848 1,010 1,455 1,344 98 314 814 interest arrears on long-term 79 848 1,010 1,455 1,344 98 7 5 Memorandum items Principal arrears on long-term 169 1,499 2,033 2,497 2,218 181 6 5 Long-term public sector debt 9,063 9,965 10,823 11,646 10,628 12,713 9,339 9,800 Long-term private sector debt 1,482 900 782 591 414 271 280 308 Public & publicly guaranteed commitments 72 40 58 162 73 144 302 675 External debt flows Disbursements 148 55 116 140 119 408 263 976 Long-term external debt 148 55 116 77 54 107 209 719 IMF purchases 0 0 0 62 64 301 55 257 Principal repayments 481 255 217 345 826 841 530 457 Long-term external debt 442 164 160 298 782 698 520 438 IMF repurchases 39 91 57 47 44 143 10 18 Net flows -617 -308 -101 -206 -708 -433 40 1,021 Long-term external debt -294 -109 -44 -221 -728 -590 -311 281 Short-term external debt -283 -108 0 0 0 0 307 502 Interest payments 541 52 52 86 221 268 77 88 Long-term external debt 462 46 49 82 216 264 74 81 IMF charges 5 3 3 3 5 3 2 1 Short-term external debt 74 3 0 0 0 0 2 7 2. Other non-debt resource inflows Foreign direct investment 235 349 351 443 466 396 358 344 Portfolio equity 1 14 2 2 2 2 2 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 51.9 53.4 55.6 56.2 63.7 59.9 55.3 Japanese yen 1.4 1.3 1.2 1.1 1.6 1.7 3.3 3.3 Pound sterling 0.6 0.4 0.4 0.4 0.3 0.4 0.1 0.1 Swiss franc 0.2 0.2 0.2 0.2 0.2 0.0 0.0 0.0 U.S.dollars 53.7 37.7 35.9 34.1 33.0 29.8 30.8 35.5 4. Average terms of new commitments Official creditors Interest (%) 0.8 1.7 0.2 4.8 1.7 3.7 1.1 8.0 Maturity (years) 46.2 20.0 8.5 15.3 20.5 21.3 15.3 15.3 Grace period (years) 9.6 5.7 1.7 4.4 5.7 6.6 3.3 4.8 Private creditors Interest (%) 0.0 0.0 0.0 0.5 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 11.7 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 3.7 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 9,715 15,643 16,589 18,913 22,434 22,031 21,925 23,037 Exports of goods, services & prim. income 4,512 8,717 9,512 9,813 11,643 12,562 12,811 .. Personal transfers & comp. of employees 119 163 167 185 199 315 373 202 Imports of goods, services & prim. income 4,423 8,215 8,501 9,608 10,859 10,845 11,907 .. Primary income on FDI 284 370 478 531 581 572 562 0 Current account balance -241 40 479 -139 452 1,618 465 .. International reserves 674 1,367 1,798 2,519 2,253 3,267 3,624 4,316 6. Ratios External debt stocks to exports (%) 270.1 137.3 134.8 141.9 108.5 110.8 84.3 .. External debt stocks to GNI (%) 125.4 76.5 77.3 73.6 56.3 63.2 49.2 52.1 Debt service to exports (%) 22.7 3.5 2.8 4.4 9.0 8.8 4.7 .. Short-term to external debt stocks (%) 8.6 7.1 7.9 10.4 10.6 0.7 2.9 6.8 Multilateral to external debt stocks (%) 24.3 25.8 26.0 24.9 22.9 17.4 21.7 19.4 Reserves to external debt stocks (%) 5.5 11.4 14.0 18.1 17.8 23.5 33.6 35.9 Reserves to imports (months) 1.8 2.0 2.5 3.1 2.5 3.6 3.7 .. 114 COTE D'IVOIRE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 10,546 10,866 11,605 12,237 11,041 12,984 9,619 10,108 Public and publicly guaranteed 9,063 9,965 10,823 11,646 10,628 12,713 9,339 9,800 Official creditors 6,669 7,673 8,384 9,062 8,129 10,647 9,227 9,670 Multilateral 2,958 3,087 3,330 3,471 2,896 2,418 2,342 2,335 of which: IBRD 599 423 456 479 117 42 14 0 IDA 1,366 1,763 1,847 1,909 1,797 1,781 1,749 1,713 Bilateral 3,711 4,586 5,054 5,591 5,233 8,229 6,885 7,334 Private creditors 2,394 2,292 2,439 2,584 2,499 2,066 112 131 of which: Bonds 2,343 2,159 2,293 2,425 2,346 1,931 0 0 Commercial banks 14 133 146 160 152 135 86 80 Private nonguaranteed 1,482 900 782 591 414 271 280 308 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 148 55 116 77 54 107 209 719 Public and publicly guaranteed 148 21 88 57 35 85 185 684 Official creditors 148 21 88 57 35 85 159 650 Multilateral 148 11 71 35 24 62 111 118 of which: IBRD 0 0 0 0 0 0 0 0 IDA 76 0 0 0 13 13 40 17 Bilateral 0 10 17 22 11 23 48 532 Private creditors 0 0 0 0 0 0 26 34 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 34 28 20 19 22 24 35 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 442 164 160 298 782 698 520 438 Public and publicly guaranteed 329 21 14 112 586 533 440 350 Official creditors 283 21 13 112 586 533 440 341 Multilateral 143 20 12 106 585 504 124 113 of which: IBRD 57 0 0 30 377 73 25 15 IDA 0 0 0 16 117 41 41 49 Bilateral 140 0 1 6 1 29 316 228 Private creditors 46 0 0 0 0 0 0 9 of which: Bonds 46 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 113 143 146 187 196 165 80 88 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 462 46 49 82 216 264 74 81 Public and publicly guaranteed 342 3 2 41 183 241 59 69 Official creditors 189 3 2 41 183 241 59 69 Multilateral 78 3 2 41 183 238 26 27 of which: IBRD 32 0 0 10 83 6 1 0 IDA 8 0 0 8 61 14 13 15 Bilateral 111 0 0 1 1 3 33 42 Private creditors 153 0 0 0 0 0 0 0 of which: Bonds 153 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 120 43 47 41 33 23 15 11 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -1,035 -1,292 855 1,104 -1,293 1,290 -3,127 1,218 Net flows on external debt -617 -308 -101 -206 -708 -433 40 1,021 9. Debt restructurings Total amount rescheduled 72 0 0 0 0 4,707 229 658 Total amount forgiven 29 0 0 0 0 1,180 671 149 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 859 667 708 748 757 747 767 401 Interest 332 330 315 289 260 230 200 173 Private creditors Principal 113 74 61 50 44 38 38 8 Interest 13 10 8 6 5 3 2 2 Notes: Long-term public and publicly guaranteed debt data for 2010 are revised based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. Data include the effects of Paris Club agreement signed in 2011 and HIPC and MDRI debt relief. 115 DJIBOUTI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 298.6 485.1 566.0 821.2 843.3 894.2 760.8 767.0 Long-term external debt 238.3 376.9 439.2 651.4 678.4 735.4 610.8 641.7 Public and publicly guaranteed 238.3 376.9 439.2 651.4 678.4 735.4 610.8 641.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 14.9 20.4 19.8 17.9 19.2 39.5 35.5 39.7 Short-term external debt 45.4 87.9 107.0 151.8 145.7 119.3 114.5 85.6 interest arrears on long-term 6.4 8.9 10.0 5.8 0.7 2.3 0.5 0.6 Memorandum items Principal arrears on long-term 22.4 21.3 26.3 40.2 2.2 6.9 2.2 1.8 Long-term public sector debt 238.3 376.9 439.2 651.4 678.4 735.4 610.8 641.7 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 48.6 87.6 41.1 22.7 38.4 24.3 57.0 46.6 External debt flows Disbursements 11.3 26.5 63.7 39.0 52.0 69.6 35.2 62.7 Long-term external debt 7.7 26.5 63.7 39.0 45.9 67.4 35.2 55.7 IMF purchases 3.6 0.0 0.0 0.0 6.1 2.3 0.0 7.0 Principal repayments 10.7 11.9 18.5 17.1 21.8 26.5 25.6 27.4 Long-term external debt 8.4 11.0 16.9 14.3 17.5 22.3 22.2 24.8 IMF repurchases 2.3 0.8 1.6 2.8 4.3 4.2 3.3 2.6 Net flows 39.7 56.7 63.2 71.0 29.2 15.1 6.6 6.2 Long-term external debt -0.7 15.5 46.8 24.7 28.4 45.0 13.0 30.8 Short-term external debt 39.0 42.0 18.0 49.0 -1.0 -28.0 -3.0 -29.0 Interest payments 4.5 5.9 7.8 10.6 11.7 9.6 9.9 10.3 Long-term external debt 2.2 3.7 4.9 6.5 7.7 8.1 8.2 9.2 IMF charges 0.5 0.2 0.2 0.2 0.1 0.1 0.1 0.0 Short-term external debt 1.8 2.1 2.7 3.9 3.8 1.3 1.6 1.1 2. Other non-debt resource inflows Foreign direct investment 3.3 22.2 108.3 195.4 227.7 96.9 36.5 78.0 Portfolio equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 13.2 16.9 34.0 31.7 30.6 14.2 14.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 16.2 33.9 32.4 25.6 25.3 24.5 29.6 28.5 4. Average terms of new commitments Official creditors Interest (%) 2.3 1.3 1.8 3.9 2.9 2.5 2.1 2.0 Maturity (years) 29.9 38.0 10.9 24.8 20.8 26.3 23.1 21.1 Grace period (years) 6.9 9.0 6.5 5.8 5.0 7.3 5.7 5.4 Private creditors Interest (%) 0.0 6.9 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 11.5 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 567.0 775.8 853.9 935.9 1072.5 1120.1 .. .. Exports of goods, services & prim. income 218.4 319.8 341.5 329.4 398.3 422.7 439.0 .. Personal transfers & comp. of employees 12.3 25.8 28.5 28.6 30.3 32.5 32.6 35.3 Imports of goods, services & prim. income 287.1 372.3 436.8 579.9 703.5 580.0 483.7 .. Primary income on FDI 4.2 5.9 5.9 4.2 5.0 6.5 6.8 0.0 Current account balance -19.0 20.1 -16.6 -171.4 -225.4 -71.1 50.5 .. International reserves 67.8 89.3 120.3 132.1 175.5 241.8 249.0 244.1 6. Ratios External debt stocks to exports (%) 136.7 151.7 165.7 249.3 211.7 211.5 173.3 .. External debt stocks to GNI (%) 52.7 62.5 66.3 87.7 78.6 79.8 .. .. Debt service to exports (%) 6.9 5.6 7.7 8.4 8.4 8.5 8.1 .. Short-term to external debt stocks (%) 15.2 18.1 18.9 18.5 17.3 13.3 15.1 11.2 Multilateral to external debt stocks (%) 46.3 55.0 53.7 42.0 42.8 44.5 53.1 55.9 Reserves to external debt stocks (%) 22.7 18.4 21.3 16.1 20.8 27.0 32.7 31.8 Reserves to imports (months) 2.8 2.9 3.3 2.7 3.0 5.0 6.2 .. 116 DJIBOUTI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 238.3 376.9 439.2 651.4 678.4 735.4 610.8 641.7 Public and publicly guaranteed 238.3 376.9 439.2 651.4 678.4 735.4 610.8 641.7 Official creditors 238.3 371.3 416.0 620.6 651.0 711.2 590.3 624.5 Multilateral 138.3 266.7 303.7 345.1 360.8 397.6 404.1 428.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 49.9 120.3 133.3 147.2 151.6 158.4 154.7 152.6 Bilateral 100.0 104.6 112.3 275.6 290.2 313.6 186.3 195.8 Private creditors 0.0 5.6 23.2 30.8 27.4 24.2 20.4 17.2 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 5.6 5.6 12.3 13.5 15.2 14.2 12.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 7.7 26.5 63.7 39.0 45.9 67.4 35.2 55.7 Public and publicly guaranteed 7.7 26.5 63.7 39.0 45.9 67.4 35.2 55.7 Official creditors 7.7 26.5 44.5 39.0 45.9 67.4 35.2 55.7 Multilateral 7.7 16.2 34.2 29.6 24.0 44.8 18.7 37.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 3.9 4.7 8.2 9.7 7.2 7.4 1.4 1.4 Bilateral 0.0 10.3 10.4 9.4 21.9 22.6 16.5 17.8 Private creditors 0.0 0.0 19.1 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 8.4 11.0 16.9 14.3 17.5 22.3 22.2 24.8 Public and publicly guaranteed 8.4 11.0 16.9 14.3 17.5 22.3 22.2 24.8 Official creditors 8.4 11.0 14.5 13.2 13.6 17.3 19.8 21.9 Multilateral 4.0 5.1 8.2 7.9 8.7 9.6 10.9 13.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.5 1.4 1.2 1.8 1.6 1.8 2.3 3.0 Bilateral 4.4 6.0 6.3 5.3 5.0 7.7 9.0 8.5 Private creditors 0.0 0.0 2.4 1.1 3.9 5.1 2.4 3.0 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 0.2 1.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 2.2 3.7 4.9 6.5 7.7 8.1 8.2 9.2 Public and publicly guaranteed 2.2 3.7 4.9 6.5 7.7 8.1 8.2 9.2 Official creditors 2.2 3.7 4.9 6.5 7.2 7.6 7.5 8.5 Multilateral 1.4 2.7 3.9 4.6 5.2 5.0 5.1 6.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.4 1.0 0.8 1.1 1.3 1.1 1.1 1.2 Bilateral 0.8 1.0 1.1 1.9 2.0 2.6 2.4 2.5 Private creditors 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 29.3 28.5 80.9 255.2 22.2 50.8 -133.4 6.2 Net flows on external debt 39.7 56.7 63.2 71.0 29.2 15.1 6.6 6.2 9. Debt restructurings Total amount rescheduled 2.1 0.0 0.0 0.0 58.2 8.7 17.0 2.0 Total amount forgiven 0.0 0.6 2.1 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 49.8 30.8 28.7 28.9 34.2 34.9 37.2 35.4 Interest 10.2 10.0 10.1 9.9 9.6 9.2 8.6 8.0 Private creditors Principal 9.2 1.1 1.1 1.1 1.1 0.1 0.3 0.4 Interest 0.4 0.3 0.2 0.2 0.1 0.0 0.0 0.0 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement signed in 2008. 117 DOMINICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 183.3 277.3 255.9 291.8 303.9 272.2 282.7 283.9 Long-term external debt 163.6 224.4 219.0 215.7 204.9 202.3 219.9 229.1 Public and publicly guaranteed 163.6 224.4 219.0 215.7 204.9 202.3 219.9 229.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.8 12.4 14.9 13.1 15.9 31.9 30.2 27.3 Short-term external debt 19.0 40.6 22.0 63.0 83.0 37.9 32.5 27.5 interest arrears on long-term 0.0 8.6 11.0 14.0 17.0 17.9 1.5 1.5 Memorandum items Principal arrears on long-term 0.4 3.5 2.3 3.4 3.0 2.8 3.2 2.9 Long-term public sector debt 163.6 224.4 219.0 215.7 204.9 202.3 219.9 229.1 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 57.3 25.8 0.0 6.0 5.6 14.2 59.7 3.9 External debt flows Disbursements 56.2 8.0 6.5 4.9 11.1 13.6 29.7 18.2 Long-term external debt 56.2 4.5 3.1 4.9 7.9 8.6 29.7 18.2 IMF purchases 0.0 3.5 3.4 0.0 3.2 5.1 0.0 0.0 Principal repayments 6.8 10.0 12.2 13.0 12.9 15.5 10.9 12.3 Long-term external debt 6.8 9.6 10.6 10.5 12.9 14.8 9.8 9.4 IMF repurchases 0.0 0.4 1.6 2.5 0.0 0.8 1.1 2.9 Net flows 49.5 -37.0 -26.7 29.9 15.2 -47.9 29.8 0.9 Long-term external debt 49.3 -5.2 -7.5 -5.6 -5.0 -6.2 19.8 8.8 Short-term external debt 0.2 -35.0 -21.0 38.0 17.0 -46.0 11.0 -5.0 Interest payments 4.2 6.4 6.9 6.7 6.2 5.3 4.7 4.6 Long-term external debt 3.1 4.7 5.6 4.9 4.3 4.5 4.3 4.2 IMF charges 0.0 0.2 0.3 0.2 0.2 0.1 0.1 0.1 Short-term external debt 1.1 1.5 1.1 1.6 1.7 0.6 0.3 0.4 2. Other non-debt resource inflows Foreign direct investment 17.6 19.2 25.9 40.5 56.5 41.3 24.3 34.3 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.3 3.9 3.4 2.7 3.4 3.0 3.1 Japanese yen 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 72.3 84.9 86.6 86.1 86.2 83.8 79.6 78.0 4. Average terms of new commitments Official creditors Interest (%) 5.2 2.4 0.0 0.8 1.2 2.1 2.4 3.5 Maturity (years) 21.3 21.9 0.0 34.5 31.1 26.2 19.3 21.7 Grace period (years) 6.9 7.6 0.0 10.0 8.4 8.4 5.5 3.4 Private creditors Interest (%) 1.9 0.0 0.0 0.0 3.5 0.0 0.0 0.0 Maturity (years) 9.2 0.0 0.0 0.0 15.6 0.0 0.0 0.0 Grace period (years) 2.3 0.0 0.0 0.0 2.6 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 289.4 339.2 379.3 404.5 443.8 467.6 462.5 473.8 Exports of goods, services & prim. income 149.2 135.3 150.6 156.4 170.7 163.2 175.9 172.8 Personal transfers & comp. of employees 16.3 21.8 22.1 22.5 22.7 22.1 22.8 23.2 Imports of goods, services & prim. income 227.1 231.0 220.0 264.5 314.1 284.9 277.6 277.4 Primary income on FDI 33.0 22.7 7.4 13.0 12.5 13.4 7.7 7.8 Current account balance -59.8 -76.1 -49.9 -86.9 -124.3 -102.4 -82.1 -84.7 International reserves 29.4 49.2 63.0 60.5 55.2 75.5 76.1 81.1 6. Ratios External debt stocks to exports (%) 122.9 205.0 169.9 186.6 178.0 166.8 160.7 164.4 External debt stocks to GNI (%) 63.3 81.8 67.5 72.1 68.5 58.2 61.1 59.9 Debt service to exports (%) 7.4 12.1 12.7 12.6 11.2 12.7 8.9 9.8 Short-term to external debt stocks (%) 10.4 14.6 8.6 21.6 27.3 13.9 11.5 9.7 Multilateral to external debt stocks (%) 45.5 45.4 47.4 41.5 38.5 43.4 41.4 43.0 Reserves to external debt stocks (%) 16.0 17.7 24.6 20.7 18.1 27.7 26.9 28.6 Reserves to imports (months) 1.6 2.6 3.4 2.7 2.1 3.2 3.3 3.5 118 DOMINICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 163.6 224.4 219.0 215.7 204.9 202.3 219.9 229.1 Public and publicly guaranteed 163.6 224.4 219.0 215.7 204.9 202.3 219.9 229.1 Official creditors 114.3 174.0 168.7 165.4 157.8 156.3 174.0 183.4 Multilateral 83.4 126.0 121.4 121.0 117.1 118.2 117.0 122.2 of which: IBRD 2.4 3.9 3.3 2.5 1.8 1.2 0.8 0.4 IDA 13.6 21.7 22.5 25.4 26.5 27.5 27.0 27.2 Bilateral 30.9 48.0 47.3 44.4 40.7 38.1 57.0 61.2 Private creditors 49.2 50.4 50.4 50.4 47.1 46.0 46.0 45.8 of which: Bonds 49.2 47.9 47.9 47.9 42.9 41.0 41.0 41.0 Commercial banks 0.0 0.0 0.0 0.0 1.7 2.2 2.2 2.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 56.2 4.5 3.1 4.9 7.9 8.6 29.7 18.2 Public and publicly guaranteed 56.2 4.5 3.1 4.9 7.9 8.6 29.7 18.2 Official creditors 25.7 4.5 3.1 4.9 6.2 8.6 29.7 18.2 Multilateral 19.3 3.9 2.6 4.7 6.2 6.2 7.6 11.4 of which: IBRD 0.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 IDA -0.1 0.5 0.1 2.3 1.8 1.4 0.5 0.8 Bilateral 6.3 0.6 0.5 0.1 0.0 2.3 22.1 6.8 Private creditors 30.5 0.0 0.0 0.0 1.7 0.0 0.0 0.0 of which: Bonds 30.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 1.7 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 6.8 9.6 10.6 10.5 12.9 14.8 9.8 9.4 Public and publicly guaranteed 6.8 9.6 10.6 10.5 12.9 14.8 9.8 9.4 Official creditors 6.8 9.6 10.6 10.5 12.9 12.9 9.8 9.2 Multilateral 3.9 7.9 8.0 6.9 9.3 7.7 6.4 6.2 of which: IBRD 0.0 0.4 0.6 0.8 0.8 0.6 0.4 0.4 IDA 0.1 0.3 0.3 0.4 0.5 0.5 0.5 0.6 Bilateral 2.9 1.7 2.6 3.6 3.6 5.2 3.4 3.0 Private creditors 0.0 0.0 0.0 0.0 0.0 1.9 0.1 0.2 of which: Bonds 0.0 0.0 0.0 0.0 0.0 1.9 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 3.1 4.7 5.6 4.9 4.3 4.5 4.3 4.2 Public and publicly guaranteed 3.1 4.7 5.6 4.9 4.3 4.5 4.3 4.2 Official creditors 2.9 4.3 5.0 4.5 4.1 4.0 3.9 3.9 Multilateral 1.9 3.2 3.2 3.1 2.8 2.8 2.6 2.5 of which: IBRD 0.1 0.2 0.2 0.2 0.1 0.1 0.0 0.0 IDA 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Bilateral 1.0 1.1 1.8 1.4 1.3 1.2 1.3 1.4 Private creditors 0.2 0.4 0.6 0.5 0.2 0.6 0.4 0.3 of which: Bonds 0.2 0.4 0.6 0.5 0.2 0.2 0.3 0.2 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.3 0.1 0.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 49.2 -30.8 -21.4 35.9 12.0 -31.7 10.5 1.3 Net flows on external debt 49.5 -37.0 -26.7 29.9 15.2 -47.9 29.8 0.9 9. Debt restructurings Total amount rescheduled 0.0 14.6 11.5 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 9.9 11.1 16.7 11.2 14.0 14.1 12.8 12.7 Interest 4.6 4.6 4.6 4.3 4.1 3.9 3.6 3.3 Private creditors Principal 3.9 0.2 30.8 0.1 0.1 0.1 0.1 0.5 Interest 3.2 3.1 3.1 0.3 0.3 0.3 0.3 0.3 119 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,624 7,219 8,694 10,325 10,282 11,275 13,357 15,395 Long-term external debt 3,353 5,887 6,791 7,247 7,802 8,784 10,173 11,671 Public and publicly guaranteed 3,353 5,885 6,378 6,402 6,958 7,941 9,330 10,758 Private nonguaranteed 0 2 414 845 843 843 843 913 Use of IMF credit 93 446 507 598 541 1,094 1,461 1,623 Short-term external debt 1,178 887 1,395 2,480 1,940 1,397 1,723 2,101 interest arrears on long-term 28 20 8 9 3 0 0 0 Memorandum items Principal arrears on long-term 56 144 32 13 15 0 0 0 Long-term public sector debt 3,340 5,877 6,371 6,397 6,954 7,937 9,327 10,755 Long-term private sector debt 13 9 420 851 848 847 846 916 Public & publicly guaranteed commitments 469 1,714 1,336 343 1,031 2,935 1,865 2,287 External debt flows Disbursements 312 863 1,753 1,420 1,420 1,789 2,640 2,511 Long-term external debt 312 643 1,611 1,243 1,298 1,481 2,110 2,166 IMF purchases 0 220 142 177 122 308 530 346 Principal repayments 259 455 1,034 948 880 835 834 865 Long-term external debt 259 455 929 834 715 787 687 690 IMF repurchases 0 0 105 114 164 47 147 175 Net flows 318 385 1,239 1,555 6 415 2,132 2,024 Long-term external debt 52 188 682 408 583 693 1,423 1,476 Short-term external debt 265 -23 520 1,084 -534 -540 326 378 Interest payments 266 270 368 498 517 457 476 636 Long-term external debt 211 212 256 329 446 431 443 584 IMF charges 4 11 24 28 25 8 11 20 Short-term external debt 50 48 88 141 47 17 22 33 2. Other non-debt resource inflows Foreign direct investment 953 1,118 1,529 2,253 2,728 1,695 2,094 2,295 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.8 3.4 6.2 7.6 8.5 6.3 4.7 Japanese yen 4.9 2.7 2.0 1.8 1.9 1.8 1.6 1.2 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 73.0 86.9 88.1 86.0 85.5 85.7 89.1 91.6 4. Average terms of new commitments Official creditors Interest (%) 6.5 1.3 4.1 3.7 2.6 2.7 1.4 0.4 Maturity (years) 14.4 24.3 21.5 21.2 22.5 17.1 20.5 19.2 Grace period (years) 1.8 2.9 4.5 4.1 3.4 4.9 5.7 4.6 Private creditors Interest (%) 6.5 3.2 6.6 6.5 5.9 4.8 6.6 5.0 Maturity (years) 10.3 4.1 13.5 9.2 8.4 10.7 10.8 11.5 Grace period (years) 2.7 1.2 8.7 2.2 2.4 2.9 8.7 7.2 5. Major economic aggregates Gross national income (GNI) 22,955 32,102 34,100 39,234 43,991 45,019 49,788 53,484 Exports of goods, services & prim. income 9,264 10,498 11,877 12,797 12,411 10,780 12,404 14,383 Personal transfers & comp. of employees 1,839 2,719 3,054 3,397 3,606 3,415 3,430 3,650 Imports of goods, services & prim. income 12,193 13,668 16,309 18,364 20,443 16,326 19,857 22,288 Primary income on FDI 1,068 1,765 1,932 2,194 1,669 1,518 1,528 1,839 Current account balance -1,027 -473 -1,287 -2,166 -4,519 -2,331 -4,330 -4,499 International reserves 627 1,933 2,264 3,030 2,682 3,563 3,857 4,089 6. Ratios External debt stocks to exports (%) 49.9 68.8 73.2 80.7 82.8 104.6 107.7 107.0 External debt stocks to GNI (%) 20.1 22.5 25.5 26.3 23.4 25.0 26.8 28.8 Debt service to exports (%) 5.7 6.9 11.8 11.3 11.3 12.0 10.6 10.4 Short-term to external debt stocks (%) 25.5 12.3 16.1 24.0 18.9 12.4 12.9 13.6 Multilateral to external debt stocks (%) 25.1 25.1 21.9 18.3 18.4 23.2 23.1 21.8 Reserves to external debt stocks (%) 13.6 26.8 26.0 29.3 26.1 31.6 28.9 26.6 Reserves to imports (months) 0.6 1.7 1.7 2.0 1.6 2.6 2.3 2.2 120 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,353 5,887 6,791 7,247 7,802 8,784 10,173 11,671 Public and publicly guaranteed 3,353 5,885 6,378 6,402 6,958 7,941 9,330 10,758 Official creditors 2,597 3,248 3,623 3,743 4,453 5,501 6,373 7,117 Multilateral 1,162 1,814 1,907 1,894 1,890 2,614 3,079 3,350 of which: IBRD 292 405 438 472 449 748 864 851 IDA 14 11 10 9 9 8 7 7 Bilateral 1,435 1,434 1,715 1,849 2,563 2,887 3,294 3,767 Private creditors 756 2,637 2,755 2,660 2,505 2,440 2,957 3,641 of which: Bonds 506 1,147 1,452 1,326 1,201 1,076 1,721 2,412 Commercial banks 131 994 1,138 1,207 1,212 1,286 1,163 1,168 Private nonguaranteed 0 2 414 845 843 843 843 913 of which: Bonds 0 0 412 844 843 843 843 843 Disbursements 312 643 1,611 1,243 1,298 1,481 2,110 2,166 Public and publicly guaranteed 312 642 1,199 812 1,298 1,481 2,110 2,121 Official creditors 148 371 642 459 1,023 1,392 1,176 1,117 Multilateral 100 199 187 185 213 904 622 432 of which: IBRD 39 64 67 73 20 352 175 53 IDA 0 0 0 0 0 0 0 0 Bilateral 47 172 455 274 810 488 554 685 Private creditors 164 271 557 353 275 89 935 1,004 of which: Bonds 0 0 324 0 0 0 750 750 Commercial banks 98 227 216 345 272 85 170 247 Private nonguaranteed 0 2 412 431 0 0 0 45 of which: Bonds 0 0 412 431 0 0 0 0 Principal repayments 259 455 929 834 715 787 687 690 Public and publicly guaranteed 259 455 929 834 715 787 687 682 Official creditors 219 179 379 368 310 353 310 375 Multilateral 65 111 113 216 216 192 152 158 of which: IBRD 21 38 34 39 43 54 59 66 IDA 1 1 1 1 1 1 1 1 Bilateral 154 69 265 152 94 161 158 216 Private creditors 40 276 551 466 405 434 377 308 of which: Bonds 4 20 20 125 125 125 105 58 Commercial banks 19 164 180 297 244 290 254 230 Private nonguaranteed 0 0 0 0 1 0 0 8 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 211 212 256 329 446 431 443 584 Public and publicly guaranteed 211 212 254 273 338 323 335 473 Official creditors 159 109 142 148 136 150 155 176 Multilateral 59 83 90 98 87 83 91 103 of which: IBRD 22 21 23 25 24 22 30 33 IDA 0 0 0 0 0 0 0 0 Bilateral 100 26 52 50 48 67 64 72 Private creditors 53 103 112 125 202 173 179 297 of which: Bonds 38 16 45 56 125 113 134 249 Commercial banks 7 37 56 62 70 56 42 45 Private nonguaranteed 0 0 2 57 108 108 108 111 of which: Bonds 0 0 2 57 108 108 108 108 8. Debt stock-flow reconciliation Total change in external debt stocks -140 -83 1,474 1,631 -43 993 2,082 2,038 Net flows on external debt 318 385 1,239 1,555 6 415 2,132 2,024 9. Debt restructurings Total amount rescheduled 0 1,209 203 0 0 0 0 0 Total amount forgiven 1 0 0 0 0 0 0 0 Debt buyback 0 316 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 556 731 956 588 578 539 514 507 Interest 149 143 123 101 91 82 72 63 Private creditors Principal 923 775 422 328 254 184 734 114 Interest 324 275 255 245 234 228 196 166 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement signed in 2005. Long-term private nonguaranteed debt data only cover Inter-American Development Bank and Bonds. 121 ECUADOR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 13,338 17,408 17,399 17,868 15,818 13,263 14,963 16,497 Long-term external debt 12,350 15,564 15,328 15,946 14,084 11,426 13,715 15,309 Public and publicly guaranteed 10,915 10,896 10,349 10,763 10,095 6,960 8,633 9,929 Private nonguaranteed 1,435 4,668 4,980 5,183 3,990 4,466 5,082 5,380 Use of IMF credit 191 125 72 52 51 452 444 443 Short-term external debt 797 1,719 1,998 1,870 1,683 1,386 804 745 interest arrears on long-term 3 1 0 0 31 37 37 46 Memorandum items Principal arrears on long-term 6 5 0 0 1 1 1 16 Long-term public sector debt 10,915 10,896 10,349 10,759 10,078 6,934 8,605 9,900 Long-term private sector debt 1,435 4,668 4,980 5,188 4,007 4,492 5,110 5,409 Public & publicly guaranteed commitments 404 1,328 1,303 1,248 17 166 4,890 3,608 External debt flows Disbursements 1,132 3,154 2,638 3,048 1,369 1,180 2,977 3,370 Long-term external debt 983 3,154 2,638 3,048 1,369 1,180 2,977 3,370 IMF purchases 150 0 0 0 0 0 0 0 Principal repayments 1,067 3,243 2,936 2,363 1,485 4,187 1,260 1,836 Long-term external debt 1,067 3,048 2,878 2,340 1,485 4,187 1,260 1,836 IMF repurchases 0 195 58 23 0 0 0 0 Net flows -189 -235 -19 557 -334 -3,310 1,135 1,466 Long-term external debt -84 105 -240 708 -116 -3,007 1,717 1,534 Short-term external debt -254 -145 280 -128 -218 -303 -582 -68 Interest payments 816 959 1,330 1,364 867 601 526 571 Long-term external debt 708 843 1,176 1,228 847 521 464 534 IMF charges 5 8 5 2 0 1 1 0 Short-term external debt 102 107 149 134 19 79 60 36 2. Other non-debt resource inflows Foreign direct investment -23 493 271 194 1,006 321 158 568 Portfolio equity 0 2 0 0 1 2 0 2 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.4 3.5 3.3 3.0 4.0 2.8 2.1 Japanese yen 4.5 3.5 3.4 3.1 2.6 3.3 2.6 2.0 Pound sterling 0.8 0.7 0.8 0.7 0.5 0.8 0.6 0.4 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 83.0 87.1 87.3 88.4 89.6 86.2 89.9 92.2 4. Average terms of new commitments Official creditors Interest (%) 6.9 6.6 6.7 5.4 3.0 3.3 5.1 5.4 Maturity (years) 17.2 8.1 16.7 20.9 18.7 23.2 12.0 12.8 Grace period (years) 5.2 2.9 4.5 4.2 2.2 5.6 3.7 2.8 Private creditors Interest (%) 7.5 9.3 6.0 0.0 6.3 0.0 0.0 0.0 Maturity (years) 9.9 10.0 10.7 0.0 12.6 0.0 0.0 0.0 Grace period (years) 2.5 9.8 1.9 0.0 3.1 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 14,530 35,127 39,877 43,559 52,747 50,638 56,924 65,613 Exports of goods, services & prim. income 6,163 11,693 14,499 16,431 21,218 15,854 19,686 24,755 Personal transfers & comp. of employees 1,322 2,460 2,934 3,341 3,089 2,742 2,599 2,681 Imports of goods, services & prim. income 6,403 13,880 15,863 17,924 22,692 18,366 23,774 27,755 Primary income on FDI 329 1,004 977 1,160 785 821 539 698 Current account balance 1,113 474 1,740 1,938 1,648 136 -1,613 -259 International reserves 947 1,714 1,489 2,816 3,738 2,873 1,435 1,664 6. Ratios External debt stocks to exports (%) 216.4 148.9 120.0 108.7 74.6 83.7 76.0 66.6 External debt stocks to GNI (%) 91.8 49.6 43.6 41.0 30.0 26.2 26.3 25.1 Debt service to exports (%) 30.6 35.9 29.4 22.7 11.1 30.2 9.1 9.7 Short-term to external debt stocks (%) 6.0 9.9 11.5 10.5 10.6 10.4 5.4 4.5 Multilateral to external debt stocks (%) 27.8 21.0 23.2 26.3 27.4 33.1 34.8 31.5 Reserves to external debt stocks (%) 7.1 9.8 8.6 15.8 23.6 21.7 9.6 10.1 Reserves to imports (months) 1.8 1.5 1.1 1.9 2.0 1.9 0.7 0.7 122 ECUADOR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 12,350 15,564 15,328 15,946 14,084 11,426 13,715 15,309 Public and publicly guaranteed 10,915 10,896 10,349 10,763 10,095 6,960 8,633 9,929 Official creditors 5,922 5,993 6,180 6,635 6,006 5,895 7,610 8,939 Multilateral 3,710 3,654 4,033 4,702 4,335 4,386 5,207 5,197 of which: IBRD 840 799 746 684 612 532 446 367 IDA 21 15 14 13 12 11 10 8 Bilateral 2,212 2,339 2,147 1,934 1,672 1,509 2,403 3,741 Private creditors 4,993 4,902 4,168 4,128 4,088 1,065 1,023 990 of which: Bonds 3,950 4,600 3,860 3,860 3,860 873 868 868 Commercial banks 910 241 212 194 163 134 105 80 Private nonguaranteed 1,435 4,668 4,980 5,183 3,990 4,466 5,082 5,380 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 983 3,154 2,638 3,048 1,369 1,180 2,977 3,370 Public and publicly guaranteed 602 991 928 1,357 353 384 2,307 2,342 Official creditors 531 318 844 1,333 343 382 2,305 2,342 Multilateral 454 316 840 1,323 339 377 1,229 629 of which: IBRD 69 39 21 8 5 0 3 4 IDA 0 0 0 0 0 0 0 0 Bilateral 78 2 4 9 5 5 1,075 1,713 Private creditors 71 674 83 24 10 2 2 1 of which: Bonds 0 650 0 0 0 0 0 0 Commercial banks 71 24 22 24 10 2 2 1 Private nonguaranteed 381 2,162 1,710 1,691 1,016 796 670 1,028 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 1,067 3,048 2,878 2,340 1,485 4,187 1,260 1,836 Public and publicly guaranteed 550 923 1,586 1,029 964 3,529 637 1,048 Official creditors 399 803 773 964 915 503 593 1,014 Multilateral 326 410 482 686 735 323 407 637 of which: IBRD 89 74 74 70 77 81 89 83 IDA 1 1 1 1 1 1 1 1 Bilateral 73 393 291 277 180 180 185 378 Private creditors 151 120 813 65 49 3,025 44 33 of which: Bonds 0 0 740 0 0 2,987 6 0 Commercial banks 119 101 51 42 41 31 31 25 Private nonguaranteed 517 2,125 1,292 1,311 521 659 623 789 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 708 843 1,176 1,228 847 521 464 534 Public and publicly guaranteed 536 658 750 736 656 330 326 361 Official creditors 296 275 318 327 311 227 255 292 Multilateral 265 171 221 239 247 178 174 160 of which: IBRD 74 32 40 42 33 23 17 15 IDA 0 0 0 0 0 0 0 0 Bilateral 31 104 97 89 64 49 82 132 Private creditors 240 383 432 409 345 103 71 69 of which: Bonds 140 367 410 392 331 91 61 61 Commercial banks 89 12 16 10 9 7 6 4 Private nonguaranteed 172 185 426 492 191 191 139 174 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -2,737 -139 -9 469 -2,051 -2,554 1,699 1,534 Net flows on external debt -189 -235 -19 557 -334 -3,310 1,135 1,466 9. Debt restructurings Total amount rescheduled 4,674 0 0 0 0 0 0 0 Total amount forgiven 2,522 2 1 4 3 5 6 0 Debt buyback 0 0 0 0 0 2,987 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,132 1,020 997 774 869 981 951 692 Interest 421 447 437 412 387 346 300 196 Private creditors Principal 1,509 1,073 929 1,195 435 328 272 260 Interest 324 256 199 165 78 59 42 24 Notes: Short-term debt from 2005 are World Bank staff estimates based on Central Bank data. 123 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 29,172 29,932 30,631 34,149 33,509 34,970 36,427 35,001 Long-term external debt 24,891 28,082 28,707 31,699 30,458 31,000 31,895 30,596 Public and publicly guaranteed 24,318 27,989 28,626 31,678 30,378 30,926 31,841 30,580 Private nonguaranteed 573 93 81 21 80 74 54 16 Use of IMF credit 177 194 204 215 209 1,408 1,384 1,379 Short-term external debt 4,104 1,656 1,720 2,236 2,842 2,561 3,149 3,025 interest arrears on long-term 0 2 1 1 0 0 0 0 Memorandum items Principal arrears on long-term 14 8 2 2 2 2 0 0 Long-term public sector debt 24,316 27,703 28,186 31,073 29,843 30,486 31,481 30,290 Long-term private sector debt 574 379 521 626 614 514 414 307 Public & publicly guaranteed commitments 981 3,053 2,756 1,468 2,939 2,320 5,909 1,670 External debt flows Disbursements 569 3,088 839 3,178 1,129 2,103 3,556 1,448 Long-term external debt 569 3,088 839 3,178 1,129 2,103 3,556 1,448 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,098 1,573 1,627 2,019 2,318 2,053 2,123 2,625 Long-term external debt 1,098 1,573 1,627 2,019 2,318 2,053 2,123 2,625 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -718 1,451 -723 1,675 -582 -231 2,022 -1,300 Long-term external debt -528 1,515 -788 1,159 -1,189 50 1,434 -1,176 Short-term external debt -189 -64 65 516 607 -281 588 -124 Interest payments 740 658 805 895 916 884 864 877 Long-term external debt 619 569 701 776 802 778 734 755 IMF charges 8 6 8 7 2 3 4 2 Short-term external debt 113 83 96 112 113 102 126 121 2. Other non-debt resource inflows Foreign direct investment 1,235 5,376 10,043 11,578 9,495 6,712 6,386 -483 Portfolio equity 269 729 502 -3,199 -674 393 1,724 -711 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 33.6 36.0 36.3 35.1 35.9 31.7 30.3 Japanese yen 13.8 12.7 12.2 10.7 13.3 12.6 13.3 13.7 Pound sterling 1.2 1.9 2.0 1.8 1.3 1.3 1.1 1.0 Swiss franc 2.1 1.9 1.9 1.7 1.8 1.7 1.7 1.6 U.S.dollars 39.8 36.6 34.9 35.3 34.2 33.9 37.8 37.3 4. Average terms of new commitments Official creditors Interest (%) 4.7 5.2 4.1 2.2 2.8 1.4 1.1 1.0 Maturity (years) 21.7 18.8 22.5 16.6 22.4 21.5 26.1 16.8 Grace period (years) 5.9 7.6 7.5 6.4 6.1 7.1 7.2 4.6 Private creditors Interest (%) 5.8 4.4 2.2 6.4 1.9 5.1 5.8 4.2 Maturity (years) 4.3 7.6 5.3 6.6 5.2 6.4 15.6 16.4 Grace period (years) 3.1 7.1 3.1 4.8 2.6 1.4 15.1 6.9 5. Major economic aggregates Gross national income (GNI) 100,770 89,432 108,015 131,655 164,178 189,146 214,530 223,484 Exports of goods, services & prim. income 18,735 32,141 39,241 47,707 57,826 45,601 49,365 47,371 Personal transfers & comp. of employees 2,852 5,017 5,330 7,656 8,694 7,150 12,453 14,324 Imports of goods, services & prim. income 23,878 35,787 42,375 55,618 68,999 56,910 66,308 68,076 Primary income on FDI 92 647 915 1,015 680 2,101 5,268 5,079 Current account balance -971 2,103 2,635 412 -1,415 -3,349 -4,504 -5,484 International reserves 13,118 20,609 24,462 30,188 32,216 32,253 33,612 14,916 6. Ratios External debt stocks to exports (%) 155.7 93.1 78.1 71.6 57.9 76.7 73.8 73.9 External debt stocks to GNI (%) 28.9 33.5 28.4 25.9 20.4 18.5 17.0 15.7 Debt service to exports (%) 9.8 6.9 6.2 6.1 5.6 6.4 6.1 7.4 Short-term to external debt stocks (%) 14.1 5.5 5.6 6.5 8.5 7.3 8.6 8.6 Multilateral to external debt stocks (%) 13.4 17.3 18.6 22.4 22.8 24.6 25.3 27.3 Reserves to external debt stocks (%) 45.0 68.9 79.9 88.4 96.1 92.2 92.3 42.6 Reserves to imports (months) 6.6 6.9 6.9 6.5 5.6 6.8 6.1 2.6 124 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 24,891 28,082 28,707 31,699 30,458 31,000 31,895 30,596 Public and publicly guaranteed 24,318 27,989 28,626 31,678 30,378 30,926 31,841 30,580 Official creditors 23,778 25,761 26,587 28,964 28,037 28,580 28,125 27,309 Multilateral 3,915 5,182 5,690 7,637 7,627 8,594 9,203 9,559 of which: IBRD 639 492 544 1,181 1,255 1,850 2,543 2,794 IDA 1,266 1,420 1,481 1,490 1,444 1,400 1,338 1,282 Bilateral 19,863 20,579 20,896 21,327 20,410 19,987 18,922 17,750 Private creditors 540 2,228 2,039 2,715 2,341 2,346 3,716 3,271 of which: Bonds 0 1,250 1,250 1,893 1,893 1,883 3,133 2,750 Commercial banks 317 830 655 716 358 378 512 462 Private nonguaranteed 573 93 81 21 80 74 54 16 of which: Bonds 100 0 0 0 0 0 0 0 Disbursements 569 3,088 839 3,178 1,129 2,103 3,556 1,448 Public and publicly guaranteed 362 3,088 839 3,178 1,059 2,094 3,551 1,418 Official creditors 218 1,112 764 2,435 958 1,990 1,842 1,395 Multilateral 168 923 613 2,251 686 1,513 1,387 1,041 of which: IBRD 6 97 108 723 143 684 777 343 IDA 49 69 57 13 11 2 10 3 Bilateral 50 188 152 185 273 477 456 354 Private creditors 144 1,976 75 743 100 104 1,709 23 of which: Bonds 0 1,250 0 643 0 0 1,500 0 Commercial banks 132 725 72 88 96 104 207 23 Private nonguaranteed 207 0 0 0 70 9 5 30 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 1,098 1,573 1,627 2,019 2,318 2,053 2,123 2,625 Public and publicly guaranteed 982 1,573 1,626 1,957 2,308 2,033 2,097 2,557 Official creditors 861 1,344 1,353 1,867 1,832 1,914 2,024 2,096 Multilateral 298 427 370 669 574 625 599 608 of which: IBRD 87 77 66 97 77 89 83 91 IDA 23 41 42 47 50 52 54 57 Bilateral 562 917 983 1,198 1,257 1,289 1,425 1,489 Private creditors 121 229 274 90 476 119 73 461 of which: Bonds 0 0 0 0 0 0 0 383 Commercial banks 57 204 257 42 444 93 54 64 Private nonguaranteed 116 0 1 61 11 20 25 68 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 619 569 701 776 802 778 734 755 Public and publicly guaranteed 603 565 682 774 799 776 733 754 Official creditors 572 547 586 680 714 653 580 561 Multilateral 147 138 180 236 268 239 208 205 of which: IBRD 41 21 27 47 58 55 41 39 IDA 9 11 11 11 11 10 10 11 Bilateral 425 408 406 444 446 415 373 356 Private creditors 31 18 96 94 85 123 152 194 of which: Bonds 0 0 56 56 56 112 140 181 Commercial banks 16 14 37 36 27 9 11 11 Private nonguaranteed 16 4 19 2 3 2 1 0 of which: Bonds 12 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -1,881 -812 699 3,518 -640 1,461 1,457 -1,427 Net flows on external debt -718 1,451 -723 1,675 -582 -231 2,022 -1,300 9. Debt restructurings Total amount rescheduled 22 1 1 1 0 0 0 0 Total amount forgiven 25 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 4,062 3,824 3,301 3,432 2,954 1,744 1,813 1,767 Interest 603 555 496 437 383 339 303 265 Private creditors Principal 137 175 70 1,308 67 57 52 48 Interest 161 215 156 154 100 98 96 95 125 EL SALVADOR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,535 9,317 10,220 9,855 10,651 10,368 11,328 11,995 Long-term external debt 2,858 7,425 8,893 8,523 9,070 9,248 9,971 10,521 Public and publicly guaranteed 2,746 4,802 5,604 5,444 5,754 6,109 6,402 6,537 Private nonguaranteed 111 2,622 3,289 3,079 3,316 3,139 3,569 3,983 Use of IMF credit 33 36 38 39 38 257 252 251 Short-term external debt 1,645 1,856 1,289 1,292 1,542 863 1,105 1,223 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 2,741 4,798 5,600 5,440 5,751 6,107 6,399 6,535 Long-term private sector debt 117 2,626 3,293 3,083 3,319 3,142 3,572 3,986 Public & publicly guaranteed commitments 347 693 1,146 251 1,068 810 943 371 External debt flows Disbursements 372 1,222 1,643 246 1,042 1,216 1,055 812 Long-term external debt 372 1,222 1,643 246 1,042 1,216 1,055 812 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 163 406 672 551 490 687 604 732 Long-term external debt 163 406 672 551 490 687 604 732 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 802 892 403 -302 803 -150 693 198 Long-term external debt 209 816 970 -305 552 529 451 81 Short-term external debt 592 77 -567 3 250 -679 242 117 Interest payments 215 446 566 541 519 491 478 509 Long-term external debt 140 344 465 466 484 475 465 497 IMF charges 1 1 2 1 0 1 1 0 Short-term external debt 73 101 100 74 34 15 13 12 2. Other non-debt resource inflows Foreign direct investment 173 511 241 1,551 903 369 262 247 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.5 3.3 3.8 3.4 3.2 2.8 2.6 Japanese yen 6.6 4.8 4.3 4.7 5.9 5.2 5.2 4.9 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 67.4 81.2 83.9 83.1 83.4 85.1 86.4 87.5 4. Average terms of new commitments Official creditors Interest (%) 7.2 5.1 6.0 5.6 5.5 2.5 2.2 2.2 Maturity (years) 18.6 18.8 18.3 21.9 10.7 24.8 19.8 26.2 Grace period (years) 4.0 2.2 4.0 3.3 3.3 4.9 3.9 4.3 Private creditors Interest (%) 9.6 7.7 7.6 0.0 4.1 0.0 0.0 0.0 Maturity (years) 9.2 30.4 27.9 0.0 2.0 0.0 0.0 0.0 Grace period (years) 2.3 30.4 27.9 0.0 2.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 12,881 16,604 18,113 19,649 21,042 20,105 20,877 22,422 Exports of goods, services & prim. income 3,803 3,517 4,005 4,657 4,989 4,293 4,895 5,729 Personal transfers & comp. of employees 1,765 3,029 3,483 3,709 3,755 3,402 3,447 3,665 Imports of goods, services & prim. income 6,031 7,173 8,243 9,620 10,268 8,047 9,152 10,793 Primary income on FDI 60 181 91 159 39 175 215 252 Current account balance -431 -622 -766 -1,217 -1,532 -312 -658 -1,223 International reserves 1,773 1,723 1,815 2,110 2,443 2,869 2,570 2,153 6. Ratios External debt stocks to exports (%) 119.3 264.9 255.2 211.6 213.5 241.5 231.4 209.4 External debt stocks to GNI (%) 35.2 56.1 56.4 50.2 50.6 51.6 54.3 53.5 Debt service to exports (%) 9.9 24.2 30.9 23.5 20.2 27.4 22.1 21.7 Short-term to external debt stocks (%) 36.3 19.9 12.6 13.1 14.5 8.3 9.8 10.2 Multilateral to external debt stocks (%) 42.7 26.3 24.7 25.5 26.1 30.7 31.2 30.7 Reserves to external debt stocks (%) 39.1 18.5 17.8 21.4 22.9 27.7 22.7 17.9 Reserves to imports (months) 3.5 2.9 2.6 2.6 2.9 4.3 3.4 2.4 126 EL SALVADOR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,858 7,425 8,893 8,523 9,070 9,248 9,971 10,521 Public and publicly guaranteed 2,746 4,802 5,604 5,444 5,754 6,109 6,402 6,537 Official creditors 2,541 3,083 3,155 3,169 3,487 3,845 4,182 4,301 Multilateral 1,936 2,447 2,522 2,516 2,781 3,180 3,534 3,681 of which: IBRD 309 436 417 401 400 569 915 1,014 IDA 16 12 11 10 9 9 8 7 Bilateral 605 636 633 653 705 666 648 620 Private creditors 205 1,719 2,448 2,275 2,267 2,264 2,220 2,237 of which: Bonds 82 1,636 2,344 2,242 2,174 2,174 2,199 2,217 Commercial banks 102 58 78 5 68 66 0 0 Private nonguaranteed 111 2,622 3,289 3,079 3,316 3,139 3,569 3,983 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 372 1,222 1,643 246 1,042 1,216 1,055 812 Public and publicly guaranteed 321 682 998 246 666 910 707 476 Official creditors 201 337 373 246 601 910 707 476 Multilateral 160 308 347 222 563 905 707 469 of which: IBRD 34 129 25 35 52 228 408 161 IDA 0 0 0 0 0 0 0 0 Bilateral 41 28 25 24 38 5 0 7 Private creditors 120 345 625 0 65 0 0 0 of which: Bonds 32 343 625 0 0 0 0 0 Commercial banks 87 0 0 0 65 0 0 0 Private nonguaranteed 51 540 645 0 376 306 348 336 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 163 406 672 551 490 687 604 732 Public and publicly guaranteed 130 245 458 341 351 559 455 587 Official creditors 126 230 331 282 347 555 388 367 Multilateral 93 186 289 243 307 510 343 320 of which: IBRD 17 40 44 51 53 59 63 62 IDA 1 1 1 1 1 1 1 1 Bilateral 33 44 43 39 41 45 44 46 Private creditors 4 16 127 60 4 4 68 220 of which: Bonds 0 0 121 30 0 0 0 219 Commercial banks 4 14 5 28 2 2 66 0 Private nonguaranteed 33 160 214 210 139 127 149 145 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 140 344 465 466 484 475 465 497 Public and publicly guaranteed 133 257 334 349 369 374 350 385 Official creditors 124 119 127 138 136 139 117 119 Multilateral 105 102 111 123 121 124 102 104 of which: IBRD 24 14 22 24 19 16 13 24 IDA 0 0 0 0 0 0 0 0 Bilateral 19 17 16 14 15 15 15 15 Private creditors 9 139 207 211 232 235 233 267 of which: Bonds 8 133 206 209 232 232 232 266 Commercial banks 1 6 1 2 0 3 1 0 Private nonguaranteed 7 87 131 117 116 102 115 111 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 772 744 903 -365 796 -282 960 666 Net flows on external debt 802 892 403 -302 803 -150 693 198 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 17 0 0 0 3 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 565 280 281 284 293 296 283 264 Interest 130 116 107 97 88 78 69 60 Private creditors Principal 1,071 757 679 403 323 244 201 158 Interest 348 303 263 239 219 205 193 183 Notes: Long-term private nonguaranteed debt data from 2005 are World Bank staff estimates based on reports provided by the country. 127 ERITREA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 330 757 823 896 998 1,051 1,042 1,055 Long-term external debt 298 723 781 856 957 1,013 1,002 1,014 Public and publicly guaranteed 298 723 781 856 957 1,013 1,002 1,014 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 20 22 23 24 23 24 23 23 Short-term external debt 12 13 19 17 17 14 16 18 interest arrears on long-term 2 2 4 4 4 6 6 7 Memorandum items Principal arrears on long-term 5 14 21 18 8 13 21 26 Long-term public sector debt 298 723 781 856 957 1,013 1,002 1,014 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 174 0 39 46 80 49 13 0 External debt flows Disbursements 51 71 38 42 105 58 9 24 Long-term external debt 51 71 38 42 105 58 9 24 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 0 12 6 2 7 11 13 14 Long-term external debt 0 12 6 2 7 11 13 14 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 60 39 36 38 98 41 -3 11 Long-term external debt 50 59 32 40 98 46 -5 10 Short-term external debt 10 -20 4 -2 0 -5 2 1 Interest payments 4 10 8 6 10 10 10 8 Long-term external debt 2 8 6 4 9 10 9 8 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 1 1 1 1 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 28 -1 0 0 0 0 56 19 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.3 5.4 5.5 4.7 4.4 4.0 3.7 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 57.0 68.5 68.1 67.9 66.6 67.8 67.3 67.2 4. Average terms of new commitments Official creditors Interest (%) 0.7 0.0 2.0 2.0 5.5 1.7 0.8 0.0 Maturity (years) 39.7 0.0 22.9 17.6 5.5 18.2 40.0 0.0 Grace period (years) 10.4 0.0 6.3 3.1 3.0 5.0 10.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 634 1,089 1,202 1,311 1,368 1,839 2,097 2,584 Exports of goods, services & prim. income 107 .. .. .. .. .. .. .. Personal transfers & comp. of employees 3 .. .. .. .. .. .. .. Imports of goods, services & prim. income 510 .. .. .. .. .. .. .. Primary income on FDI 4 .. .. .. .. .. .. .. Current account balance -105 .. .. .. .. .. .. .. International reserves 26 28 25 34 58 90 114 115 6. Ratios External debt stocks to exports (%) 308.5 .. .. .. .. .. .. .. External debt stocks to GNI (%) 52.0 69.5 68.4 68.4 72.9 57.1 49.7 40.8 Debt service to exports (%) 4.3 .. .. .. .. .. .. .. Short-term to external debt stocks (%) 3.6 1.7 2.3 1.9 1.8 1.3 1.6 1.7 Multilateral to external debt stocks (%) 46.1 67.4 68.3 68.4 64.5 62.6 62.5 63.1 Reserves to external debt stocks (%) 7.7 3.7 3.1 3.8 5.8 8.6 11.0 10.9 Reserves to imports (months) 0.6 .. .. .. .. .. .. .. 128 ERITREA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 298 723 781 856 957 1,013 1,002 1,014 Public and publicly guaranteed 298 723 781 856 957 1,013 1,002 1,014 Official creditors 298 690 745 815 917 972 964 977 Multilateral 152 510 562 613 644 658 651 666 of which: IBRD 0 0 0 0 0 0 0 0 IDA 84 381 419 457 473 477 468 478 Bilateral 146 180 183 201 274 315 313 311 Private creditors 0 33 37 41 40 41 38 37 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 51 71 38 42 105 58 9 24 Public and publicly guaranteed 51 71 38 42 105 58 9 24 Official creditors 51 71 37 42 104 58 9 24 Multilateral 39 70 33 28 32 12 8 24 of which: IBRD 0 0 0 0 0 0 0 0 IDA 32 57 20 21 23 4 4 17 Bilateral 12 1 4 14 72 46 1 0 Private creditors 0 0 0 0 1 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 12 6 2 7 11 13 14 Public and publicly guaranteed 0 12 6 2 7 11 13 14 Official creditors 0 12 6 2 7 11 13 14 Multilateral 0 7 4 1 5 7 8 8 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 1 1 3 3 4 4 Bilateral 0 5 2 0 1 4 5 6 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 2 8 6 4 9 10 9 8 Public and publicly guaranteed 2 8 6 4 9 10 9 8 Official creditors 2 8 6 4 9 10 9 8 Multilateral 1 6 5 4 5 5 5 4 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 3 4 3 3 3 4 2 Bilateral 1 3 1 0 4 5 4 4 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 56 -3 66 74 101 53 -9 14 Net flows on external debt 60 39 36 38 98 41 -3 11 9. Debt restructurings Total amount rescheduled 0 0 0 17 21 5 0 0 Total amount forgiven 0 0 0 6 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 93 90 50 41 36 37 35 32 Interest 12 10 8 7 7 7 6 6 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term public and publicly guaranteed debt data for 2011 are World Bank staff estimates. Short-term debt is based on data from the BIS. 129 ETHIOPIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 5,509 6,224 2,294 2,638 2,896 5,232 7,347 8,597 Long-term external debt 5,339 5,928 2,201 2,571 2,829 4,819 6,547 7,938 Public and publicly guaranteed 5,339 5,928 2,201 2,571 2,829 4,819 6,547 7,938 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 92 176 17 18 17 368 485 484 Short-term external debt 79 120 76 49 50 45 314 175 interest arrears on long-term 65 36 36 32 32 32 30 30 Memorandum items Principal arrears on long-term 652 508 374 373 373 373 364 363 Long-term public sector debt 5,339 5,928 2,201 2,571 2,829 4,819 6,547 7,938 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 500 748 1,904 992 1,237 1,539 3,204 1,139 External debt flows Disbursements 185 527 370 376 379 2,313 1,882 1,687 Long-term external debt 185 527 370 376 379 2,148 1,760 1,687 IMF purchases 0 0 0 0 0 165 122 0 Principal repayments 85 40 89 88 72 62 130 260 Long-term external debt 72 36 89 88 72 62 130 260 IMF repurchases 13 4 0 0 0 0 0 0 Net flows 90 478 237 265 309 2,246 2,023 1,288 Long-term external debt 114 491 281 289 307 2,086 1,630 1,427 Short-term external debt -11 -9 -44 -23 1 -5 271 -139 Interest payments 54 54 50 46 39 41 54 93 Long-term external debt 52 49 47 44 39 40 50 91 IMF charges 1 1 1 1 0 1 1 0 Short-term external debt 1 3 3 1 0 0 4 2 2. Other non-debt resource inflows Foreign direct investment 135 265 545 222 109 221 288 627 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.6 14.9 17.5 16.9 8.5 10.1 8.0 Japanese yen 0.3 0.2 0.1 0.1 0.1 0.0 0.0 0.0 Pound sterling 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 75.8 72.4 63.6 58.3 55.3 68.9 70.3 72.3 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.9 1.1 0.9 2.8 1.3 1.8 1.2 Maturity (years) 38.4 32.3 34.9 39.5 25.5 31.4 27.8 34.4 Grace period (years) 10.0 6.3 8.9 9.6 6.2 8.7 8.8 5.0 Private creditors Interest (%) 0.0 0.0 6.4 5.2 4.7 4.5 2.0 0.8 Maturity (years) 0.0 0.0 16.8 7.5 6.6 10.2 13.3 11.1 Grace period (years) 0.0 0.0 3.3 2.9 2.9 2.9 1.0 0.0 5. Major economic aggregates Gross national income (GNI) 8,119 12,271 15,126 19,567 26,662 31,922 29,576 31,591 Exports of goods, services & prim. income 1,008 1,973 2,254 2,726 3,533 3,436 4,652 5,824 Personal transfers & comp. of employees 53 174 172 358 387 262 345 513 Imports of goods, services & prim. income 1,673 4,943 5,314 6,941 9,634 9,086 9,982 11,736 Primary income on FDI 9 21 24 18 17 18 35 23 Current account balance 13 -1,568 -1,786 -828 -1,806 -2,191 -425 -783 International reserves 306 1,043 867 1,290 871 1,781 .. .. 6. Ratios External debt stocks to exports (%) 546.3 315.5 101.8 96.8 82.0 152.3 157.9 147.6 External debt stocks to GNI (%) 67.9 50.7 15.2 13.5 10.9 16.4 24.8 27.2 Debt service to exports (%) 13.7 4.8 6.2 4.9 3.1 3.0 3.9 6.1 Short-term to external debt stocks (%) 1.4 1.9 3.3 1.8 1.7 0.9 4.3 2.0 Multilateral to external debt stocks (%) 50.0 75.6 47.2 52.2 55.3 44.2 38.3 39.6 Reserves to external debt stocks (%) 5.6 16.8 37.8 48.9 30.1 34.0 .. .. Reserves to imports (months) 2.2 2.5 2.0 2.2 1.1 2.4 .. .. 130 ETHIOPIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,339 5,928 2,201 2,571 2,829 4,819 6,547 7,938 Public and publicly guaranteed 5,339 5,928 2,201 2,571 2,829 4,819 6,547 7,938 Official creditors 5,226 5,564 1,885 2,299 2,590 3,556 4,638 5,678 Multilateral 2,752 4,703 1,082 1,376 1,603 2,313 2,812 3,405 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,779 3,359 553 711 859 1,422 1,804 2,208 Bilateral 2,473 861 803 923 987 1,243 1,825 2,273 Private creditors 113 364 316 272 239 1,263 1,909 2,259 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 12 1 0 0 0 0 300 725 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 185 527 370 376 379 2,148 1,760 1,687 Public and publicly guaranteed 185 527 370 376 379 2,148 1,760 1,687 Official creditors 184 400 370 376 379 1,098 1,021 1,150 Multilateral 181 323 290 272 285 756 504 655 of which: IBRD 0 0 0 0 0 0 0 0 IDA 137 162 179 132 160 553 389 430 Bilateral 3 76 80 104 95 341 518 495 Private creditors 2 127 0 0 0 1,050 739 537 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 305 474 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 72 36 89 88 72 62 130 260 Public and publicly guaranteed 72 36 89 88 72 62 130 260 Official creditors 62 25 44 44 39 34 39 80 Multilateral 56 15 34 34 30 28 32 39 of which: IBRD 0 0 0 0 0 0 0 0 IDA 21 0 0 0 3 4 4 8 Bilateral 6 10 10 9 8 6 7 41 Private creditors 10 11 45 44 33 27 91 179 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 0 1 0 0 0 5 45 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 52 49 47 44 39 40 50 91 Public and publicly guaranteed 52 49 47 44 39 40 50 91 Official creditors 48 40 30 29 27 33 35 52 Multilateral 34 29 25 17 19 19 23 28 of which: IBRD 0 0 0 0 0 0 0 0 IDA 13 15 9 6 7 8 11 15 Bilateral 14 11 5 12 8 14 12 25 Private creditors 4 10 17 15 11 8 15 38 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 1 12 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -63 -456 -3,930 344 258 2,336 2,114 1,250 Net flows on external debt 90 478 237 265 309 2,246 2,023 1,288 9. Debt restructurings Total amount rescheduled 0 168 0 0 0 0 0 0 Total amount forgiven 0 452 4,357 13 31 0 11 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 155 175 219 291 312 351 371 390 Interest 87 95 99 101 99 96 91 87 Private creditors Principal 254 265 244 226 203 179 179 179 Interest 37 34 31 27 22 18 16 13 Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 131 FIJI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 181.7 195.7 364.7 380.3 390.6 536.2 554.6 860.7 Long-term external debt 172.4 185.4 342.2 347.0 360.5 360.9 390.2 545.5 Public and publicly guaranteed 172.4 185.4 342.2 347.0 360.1 360.4 389.7 545.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.4 0.5 0.5 0.5 Use of IMF credit 9.1 9.9 10.5 11.0 10.7 105.2 103.3 103.0 Short-term external debt 0.2 0.4 12.0 22.3 19.4 70.1 61.1 212.2 interest arrears on long-term 0.2 0.4 1.0 0.3 0.4 0.1 0.1 0.2 Memorandum items Principal arrears on long-term 0.0 0.0 2.0 1.5 2.2 0.0 0.0 0.0 Long-term public sector debt 99.5 112.5 269.3 274.1 287.2 287.5 316.8 472.1 Long-term private sector debt 72.9 72.9 72.9 72.9 73.3 73.4 73.4 73.4 Public & publicly guaranteed commitments 0.0 25.0 170.7 0.0 0.0 17.6 131.2 357.4 External debt flows Disbursements 7.1 14.1 162.8 12.6 13.4 15.2 32.6 315.0 Long-term external debt 7.1 14.1 162.8 12.6 13.4 15.2 32.6 315.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 16.9 8.5 7.6 10.4 7.8 10.4 7.9 163.8 Long-term external debt 16.9 8.5 7.6 10.4 7.8 10.4 7.9 163.8 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -9.8 -47.5 166.2 13.2 2.6 55.9 15.6 302.2 Long-term external debt -9.8 5.5 155.2 2.2 5.6 4.9 24.6 151.2 Short-term external debt 0.0 -53.0 11.0 11.0 -3.0 51.0 -9.0 151.0 Interest payments 8.1 5.8 6.7 17.7 16.3 15.5 14.5 28.3 Long-term external debt 7.7 5.5 5.7 16.1 15.8 14.4 13.3 24.9 IMF charges 0.4 0.3 0.4 0.4 0.1 0.2 0.3 0.1 Short-term external debt 0.0 0.0 0.6 1.3 0.5 0.9 0.8 3.3 2. Other non-debt resource inflows Foreign direct investment 0.6 159.6 370.2 377.0 350.3 134.7 196.2 204.3 Portfolio equity 0.0 1.7 -1.6 4.8 1.4 -1.1 0.1 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.3 1.3 1.3 1.1 0.6 0.5 0.0 Japanese yen 0.8 9.7 4.9 4.8 5.4 4.9 4.8 3.3 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 49.0 64.2 81.2 83.4 82.7 83.5 80.8 81.4 4. Average terms of new commitments Official creditors Interest (%) 0.0 4.3 2.0 0.0 0.0 0.7 1.0 2.0 Maturity (years) 0.0 24.7 20.4 0.0 0.0 31.6 15.3 19.5 Grace period (years) 0.0 5.2 0.4 0.0 0.0 8.1 3.8 4.5 Private creditors Interest (%) 0.0 0.0 6.9 0.0 0.0 0.0 0.0 9.0 Maturity (years) 0.0 0.0 5.0 0.0 0.0 0.0 0.0 5.2 Grace period (years) 0.0 0.0 5.0 0.0 0.0 0.0 0.0 5.2 5. Major economic aggregates Gross national income (GNI) 1717.4 3050.1 2982.2 3304.9 3502.8 2867.1 3073.1 3653.7 Exports of goods, services & prim. income 1023.2 1600.7 1519.0 1631.3 1913.4 1375.0 1755.3 .. Personal transfers & comp. of employees 44.0 203.7 204.6 183.2 146.7 171.2 173.8 176.9 Imports of goods, services & prim. income 1136.4 2038.7 2268.4 2258.1 2752.7 1783.5 2236.0 .. Primary income on FDI 7.5 132.8 163.1 127.1 122.3 48.0 143.4 .. Current account balance -25.5 -257.5 -544.1 -436.2 -647.3 -224.8 -360.3 .. International reserves 411.8 320.9 312.8 527.6 321.5 569.1 719.4 832.2 6. Ratios External debt stocks to exports (%) 17.8 12.2 24.0 23.3 20.4 39.0 31.6 .. External debt stocks to GNI (%) 10.6 6.4 12.2 11.5 11.2 18.7 18.0 23.6 Debt service to exports (%) 2.4 0.9 0.9 1.7 1.3 1.9 1.3 .. Short-term to external debt stocks (%) 0.1 0.2 3.3 5.9 5.0 13.1 11.0 24.7 Multilateral to external debt stocks (%) 48.9 46.9 26.5 26.7 27.8 19.2 20.7 14.6 Reserves to external debt stocks (%) 226.7 164.0 85.8 138.7 82.3 106.1 129.7 96.7 Reserves to imports (months) 4.3 1.9 1.7 2.8 1.4 3.8 3.9 .. 132 FIJI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 172.4 185.4 342.2 347.0 360.5 360.9 390.2 545.5 Public and publicly guaranteed 172.4 185.4 342.2 347.0 360.1 360.4 389.7 545.0 Official creditors 172.4 185.4 192.2 197.0 210.1 210.4 239.7 295.0 Multilateral 88.8 91.8 96.7 101.6 108.6 102.9 114.7 125.4 of which: IBRD 19.7 6.3 4.3 2.6 1.5 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 83.6 93.5 95.5 95.4 101.4 107.5 125.0 169.6 Private creditors 0.0 0.0 150.0 150.0 150.0 150.0 150.0 250.0 of which: Bonds 0.0 0.0 150.0 150.0 150.0 150.0 150.0 250.0 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 0.4 0.5 0.5 0.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 7.1 14.1 162.8 12.6 13.4 15.2 32.6 315.0 Public and publicly guaranteed 7.1 14.1 162.8 12.6 13.2 15.0 32.6 315.0 Official creditors 7.1 14.1 12.8 12.6 13.2 15.0 32.6 65.0 Multilateral 5.6 14.1 9.7 12.6 10.0 5.3 16.7 21.4 of which: IBRD 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 1.5 0.0 3.1 0.0 3.3 9.7 15.9 43.6 Private creditors 0.0 0.0 150.0 0.0 0.0 0.0 0.0 250.0 of which: Bonds 0.0 0.0 150.0 0.0 0.0 0.0 0.0 250.0 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 0.2 0.3 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 16.9 8.5 7.6 10.4 7.8 10.4 7.9 163.8 Public and publicly guaranteed 16.9 8.5 7.6 10.4 7.7 10.3 7.9 163.7 Official creditors 16.9 8.5 7.6 10.4 7.7 10.3 7.9 13.7 Multilateral 14.8 6.5 6.3 9.1 6.3 7.0 6.5 11.3 of which: IBRD 7.7 2.3 2.2 1.8 1.3 1.4 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 2.1 2.0 1.3 1.3 1.4 3.4 1.4 2.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 150.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 150.0 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 0.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 7.7 5.5 5.7 16.1 15.8 14.4 13.3 24.9 Public and publicly guaranteed 7.7 5.5 5.7 16.1 15.8 14.4 13.3 24.9 Official creditors 7.7 5.5 5.7 5.8 5.5 4.1 3.0 3.3 Multilateral 5.2 3.2 3.8 4.1 3.8 2.5 1.2 1.1 of which: IBRD 1.4 0.4 0.3 0.2 0.1 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 2.5 2.3 1.9 1.6 1.7 1.5 1.8 2.2 Private creditors 0.0 0.0 0.0 10.3 10.3 10.3 10.3 21.6 of which: Bonds 0.0 0.0 0.0 10.3 10.3 10.3 10.3 21.6 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -19.5 -61.1 169.0 15.6 10.3 145.6 18.4 306.1 Net flows on external debt -9.8 -47.5 166.2 13.2 2.6 55.9 15.6 302.2 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 2.2 0.0 4.1 0.0 0.4 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 88.5 18.4 18.5 19.9 33.0 32.3 31.4 31.4 Interest 7.7 6.3 6.3 6.1 5.8 5.3 4.7 4.2 Private creditors Principal 0.1 0.1 0.1 0.1 250.1 0.1 0.0 0.0 Interest 22.5 22.5 22.5 22.5 0.0 0.0 0.0 0.0 Notes: Short-term debt is based on data from the BIS. 133 GABON (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 3,920 3,898 4,209 2,865 2,197 2,363 2,555 2,879 Long-term external debt 3,457 3,562 3,697 2,597 2,055 2,024 2,153 2,464 Public and publicly guaranteed 3,457 3,562 3,697 2,597 2,055 2,024 2,153 2,464 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 107 88 78 47 22 230 226 225 Short-term external debt 355 247 434 221 120 108 176 190 interest arrears on long-term 63 187 344 6 10 5 6 6 Memorandum items Principal arrears on long-term 118 341 773 38 28 9 13 15 Long-term public sector debt 3,457 3,562 3,697 2,597 2,055 2,024 2,153 2,464 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 20 142 40 1,946 659 488 702 412 External debt flows Disbursements 51 18 87 1,089 107 261 472 614 Long-term external debt 34 18 87 1,089 107 261 472 614 IMF purchases 17 0 0 0 0 0 0 0 Principal repayments 198 136 128 2,280 591 269 304 270 Long-term external debt 188 111 114 2,246 566 269 304 270 IMF repurchases 10 25 14 34 25 0 0 0 Net flows -363 -58 -11 -1,066 -589 -15 236 358 Long-term external debt -154 -93 -27 -1,157 -459 -8 169 344 Short-term external debt -216 60 30 125 -105 -7 67 14 Interest payments 155 58 43 389 229 146 136 135 Long-term external debt 124 52 36 377 224 144 133 132 IMF charges 5 4 4 3 1 1 1 0 Short-term external debt 26 2 3 9 4 1 2 3 2. Other non-debt resource inflows Foreign direct investment -43 326 268 269 209 33 531 728 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 47.5 48.9 35.1 26.4 24.5 25.6 28.2 Japanese yen 0.8 0.5 0.5 0.4 0.5 0.2 0.2 0.1 Pound sterling 4.6 4.4 4.9 4.6 0.9 0.7 0.4 0.1 Swiss franc 0.5 0.2 0.2 0.2 0.0 0.0 0.0 0.0 U.S.dollars 29.1 36.2 34.6 44.8 54.4 55.0 54.9 50.1 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.4 4.2 4.9 2.6 0.0 1.3 2.5 Maturity (years) 9.7 16.8 14.4 19.4 18.1 19.9 18.7 19.4 Grace period (years) 0.7 4.3 2.9 5.3 6.1 10.0 6.5 4.9 Private creditors Interest (%) 0.0 2.6 0.0 7.3 4.9 3.2 2.7 3.0 Maturity (years) 0.0 5.8 0.0 10.6 7.8 7.2 8.7 9.3 Grace period (years) 0.0 2.7 0.0 7.1 2.3 1.9 2.1 1.9 5. Major economic aggregates Gross national income (GNI) 4,289 7,708 8,187 10,082 12,673 9,862 11,424 14,588 Exports of goods, services & prim. income 3,547 5,639 .. .. .. .. .. .. Personal transfers & comp. of employees 6 11 .. .. .. .. .. .. Imports of goods, services & prim. income 2,483 3,387 .. .. .. .. .. .. Primary income on FDI 473 765 .. .. .. .. .. .. Current account balance 1,001 1,983 .. .. .. .. .. .. International reserves 190 669 1,113 1,227 1,923 1,993 1,736 2,157 6. Ratios External debt stocks to exports (%) 110.5 69.1 .. .. .. .. .. .. External debt stocks to GNI (%) 91.4 50.6 51.4 28.4 17.3 24.0 22.4 19.7 Debt service to exports (%) 9.9 3.4 .. .. .. .. .. .. Short-term to external debt stocks (%) 9.1 6.3 10.3 7.7 5.5 4.6 6.9 6.6 Multilateral to external debt stocks (%) 11.9 10.1 9.7 14.2 17.3 17.0 15.3 15.3 Reserves to external debt stocks (%) 4.8 17.2 26.5 42.8 87.5 84.4 67.9 74.9 Reserves to imports (months) 0.9 2.4 .. .. .. .. .. .. 134 GABON (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,457 3,562 3,697 2,597 2,055 2,024 2,153 2,464 Public and publicly guaranteed 3,457 3,562 3,697 2,597 2,055 2,024 2,153 2,464 Official creditors 3,338 3,443 3,576 1,462 994 926 910 992 Multilateral 468 393 408 406 381 401 392 440 of which: IBRD 64 30 19 12 20 18 22 35 IDA 0 0 0 0 0 0 0 0 Bilateral 2,871 3,050 3,168 1,056 613 526 518 552 Private creditors 119 119 121 1,135 1,062 1,098 1,244 1,472 of which: Bonds 0 0 0 1,000 946 901 879 879 Commercial banks 103 39 29 60 79 169 346 542 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 34 18 87 1,089 107 261 472 614 Public and publicly guaranteed 34 18 87 1,089 107 261 472 614 Official creditors 13 18 61 41 62 147 196 261 Multilateral 11 15 57 37 17 74 71 113 of which: IBRD 9 0 0 0 12 4 7 18 IDA 0 0 0 0 0 0 0 0 Bilateral 2 3 4 4 45 73 125 148 Private creditors 21 0 26 1,048 45 114 276 352 of which: Bonds 0 0 0 1,000 0 0 0 0 Commercial banks 21 0 0 37 45 109 225 284 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 188 111 114 2,246 566 269 304 270 Public and publicly guaranteed 188 111 114 2,246 566 269 304 270 Official creditors 160 63 84 2,207 506 231 183 174 Multilateral 44 54 56 51 53 59 71 53 of which: IBRD 13 7 12 8 3 6 2 4 IDA 0 0 0 0 0 0 0 0 Bilateral 116 9 28 2,156 453 172 113 121 Private creditors 27 48 30 39 61 39 120 95 of which: Bonds 0 0 0 0 0 0 23 0 Commercial banks 27 28 10 6 22 24 39 62 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 124 52 36 377 224 144 133 132 Public and publicly guaranteed 124 52 36 377 224 144 133 132 Official creditors 118 46 32 372 139 53 34 34 Multilateral 42 21 21 21 19 20 11 13 of which: IBRD 5 1 2 1 1 1 0 1 IDA 0 0 0 0 0 0 0 0 Bilateral 75 24 11 350 120 33 23 21 Private creditors 7 7 4 5 85 91 99 98 of which: Bonds 0 0 0 0 80 75 74 72 Commercial banks 7 5 3 2 4 14 25 25 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -84 -185 311 -1,343 -668 166 192 324 Net flows on external debt -363 -58 -11 -1,066 -589 -15 236 358 9. Debt restructurings Total amount rescheduled 637 407 0 0 0 0 0 0 Total amount forgiven 0 0 0 92 9 0 0 0 Debt buyback 0 0 0 2,100 428 44 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 140 96 92 116 125 130 130 128 Interest 25 25 26 26 25 23 21 19 Private creditors Principal 221 208 185 180 166 1,012 98 91 Interest 107 108 104 98 91 85 9 6 Notes: Long-term public and publicly guaranteed debt data before 2008 are World Bank staff estimates based on reports provided by the country. Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt buyback agreement signed in 2007. 135 GAMBIA, THE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 490.1 667.1 717.8 700.1 373.0 506.2 512.1 466.5 Long-term external debt 438.0 616.5 674.4 664.0 336.8 387.6 390.8 385.1 Public and publicly guaranteed 438.0 616.5 674.4 664.0 336.8 387.6 390.8 385.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 24.8 28.1 25.5 14.4 20.2 75.2 77.0 80.3 Short-term external debt 27.3 22.4 17.9 21.6 15.9 43.4 44.3 1.1 interest arrears on long-term 0.0 1.4 0.9 0.6 1.9 2.4 2.3 1.1 Memorandum items Principal arrears on long-term 2.1 19.3 21.8 15.0 13.9 20.3 23.8 19.2 Long-term public sector debt 438.0 616.5 674.4 664.0 336.8 387.6 390.8 385.1 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 24.5 53.8 28.6 50.8 59.3 29.8 4.5 81.6 External debt flows Disbursements 29.7 54.3 51.4 46.0 43.6 49.3 46.3 18.2 Long-term external debt 20.7 54.3 51.4 39.9 37.3 33.5 43.2 14.5 IMF purchases 9.1 0.0 0.0 6.1 6.3 15.8 3.0 3.7 Principal repayments 14.3 18.1 20.8 23.7 10.3 11.3 15.8 17.7 Long-term external debt 12.7 16.1 16.8 20.1 10.3 11.3 15.8 17.7 IMF repurchases 1.6 2.0 4.0 3.7 0.0 0.0 0.0 0.0 Net flows 20.6 33.2 26.6 26.2 26.3 64.9 31.5 -41.6 Long-term external debt 8.0 38.3 34.7 19.8 27.0 22.2 27.4 -3.3 Short-term external debt 5.2 -3.0 -4.0 4.0 -7.0 27.0 1.0 -42.0 Interest payments 7.6 10.6 9.5 10.2 6.8 7.6 7.3 6.8 Long-term external debt 6.0 9.4 8.3 8.8 5.8 7.0 6.6 6.3 IMF charges 0.4 0.3 0.4 0.4 0.1 0.2 0.2 0.1 Short-term external debt 1.2 0.9 0.9 1.0 0.9 0.4 0.5 0.4 2. Other non-debt resource inflows Foreign direct investment 43.5 53.7 82.2 78.1 78.6 39.4 37.1 36.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.5 3.3 3.6 5.2 5.0 5.1 3.6 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 4.8 2.7 2.4 2.3 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.2 55.2 54.2 48.0 50.8 46.6 46.9 46.4 4. Average terms of new commitments Official creditors Interest (%) 1.7 2.8 0.2 2.4 1.9 0.6 0.0 1.5 Maturity (years) 27.4 30.1 29.2 25.1 25.0 24.1 25.0 18.9 Grace period (years) 6.8 7.6 8.6 7.2 6.2 6.4 1.0 4.0 Private creditors Interest (%) 0.0 0.0 0.0 4.7 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 12.4 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 2.4 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 756.3 592.7 619.1 786.2 991.0 940.2 1010.6 1069.9 Exports of goods, services & prim. income .. 189.8 205.5 271.3 335.8 290.1 284.9 327.9 Personal transfers & comp. of employees .. 59.3 63.8 55.7 64.8 79.8 115.7 90.7 Imports of goods, services & prim. income .. 305.0 358.7 419.8 407.4 362.3 341.3 392.4 Primary income on FDI .. 26.9 32.9 38.4 42.8 11.7 11.5 11.2 Current account balance .. -43.4 -65.6 -58.4 10.9 63.0 56.3 67.0 International reserves 109.4 98.3 120.6 142.8 116.5 224.2 201.6 223.2 6. Ratios External debt stocks to exports (%) .. 351.5 349.3 258.1 111.1 174.5 179.7 142.3 External debt stocks to GNI (%) 64.8 112.6 115.9 89.0 37.6 53.8 50.7 43.6 Debt service to exports (%) .. 15.1 14.8 12.5 5.1 6.5 8.1 7.5 Short-term to external debt stocks (%) 5.6 3.4 2.5 3.1 4.3 8.6 8.7 0.2 Multilateral to external debt stocks (%) 70.1 75.3 77.1 78.0 58.1 53.1 51.6 57.1 Reserves to external debt stocks (%) 22.3 14.7 16.8 20.4 31.2 44.3 39.4 47.9 Reserves to imports (months) .. 3.9 4.0 4.1 3.4 7.4 7.1 6.8 136 GAMBIA, THE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 438.0 616.5 674.4 664.0 336.8 387.6 390.8 385.1 Public and publicly guaranteed 438.0 616.5 674.4 664.0 336.8 387.6 390.8 385.1 Official creditors 437.0 616.5 674.4 664.0 334.3 384.2 384.4 381.0 Multilateral 343.8 502.3 553.6 545.9 216.6 268.7 264.3 266.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 170.7 244.9 263.5 218.9 61.9 64.3 65.0 64.0 Bilateral 93.2 114.2 120.8 118.1 117.7 115.5 120.1 114.8 Private creditors 1.0 0.0 0.0 0.0 2.5 3.4 6.4 4.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.9 0.0 0.0 0.0 2.5 3.4 6.4 4.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 20.7 54.3 51.4 39.9 37.3 33.5 43.2 14.5 Public and publicly guaranteed 20.7 54.3 51.4 39.9 37.3 33.5 43.2 14.5 Official creditors 20.7 54.3 51.4 39.9 35.8 32.7 36.8 14.5 Multilateral 17.1 47.1 41.3 31.1 31.3 29.5 22.0 10.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 7.7 18.9 11.7 1.1 2.4 2.4 2.2 0.0 Bilateral 3.6 7.2 10.1 8.7 4.5 3.3 14.8 4.3 Private creditors 0.0 0.0 0.0 0.0 1.5 0.8 6.4 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 1.5 0.8 6.4 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 12.7 16.1 16.8 20.1 10.3 11.3 15.8 17.7 Public and publicly guaranteed 12.7 16.1 16.8 20.1 10.3 11.3 15.8 17.7 Official creditors 12.3 15.8 16.8 20.1 10.3 11.3 12.6 15.5 Multilateral 7.9 10.1 11.2 14.4 6.3 7.1 5.9 7.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.3 3.3 4.3 5.0 0.1 0.3 0.3 0.8 Bilateral 4.4 5.7 5.6 5.6 4.0 4.3 6.6 7.7 Private creditors 0.4 0.3 0.0 0.0 0.0 0.0 3.2 2.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.3 0.3 0.0 0.0 0.0 0.0 3.2 2.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 6.0 9.4 8.3 8.8 5.8 7.0 6.6 6.3 Public and publicly guaranteed 6.0 9.4 8.3 8.8 5.8 7.0 6.6 6.3 Official creditors 5.9 9.4 8.3 8.8 5.8 7.0 6.6 6.2 Multilateral 3.6 5.2 5.0 5.1 3.0 4.4 3.5 3.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.2 1.9 2.0 2.0 0.5 0.5 0.5 0.5 Bilateral 2.3 4.2 3.3 3.7 2.8 2.7 3.1 3.1 Private creditors 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 18.4 -14.0 50.7 -17.7 -327.1 133.3 5.9 -45.6 Net flows on external debt 20.6 33.2 26.6 26.2 26.3 64.9 31.5 -41.6 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 7.4 24.0 20.8 0.0 Total amount forgiven 0.0 0.7 0.2 14.4 228.4 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 24.0 26.4 31.0 33.4 32.7 32.4 32.6 33.8 Interest 6.1 6.4 6.7 6.5 6.2 5.9 5.4 4.9 Private creditors Principal 2.1 2.1 2.1 2.1 2.1 2.1 2.1 1.0 Interest 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.0 Notes: Data include the effects of HIPC and MDRI debt relief. 137 GEORGIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,826 2,151 2,573 2,897 7,633 8,556 9,519 11,124 Long-term external debt 1,316 1,663 1,685 1,844 6,003 6,736 7,284 8,369 Public and publicly guaranteed 1,274 1,531 1,526 1,604 2,974 3,529 4,141 4,343 Private nonguaranteed 42 132 159 241 3,029 3,207 3,143 4,026 Use of IMF credit 466 438 453 479 682 1,012 1,272 1,210 Short-term external debt 44 50 436 574 948 808 963 1,545 interest arrears on long-term 1 11 7 7 7 7 7 84 Memorandum items Principal arrears on long-term 179 151 69 32 28 28 28 226 Long-term public sector debt 1,264 1,530 1,526 1,604 2,974 3,529 4,141 4,343 Long-term private sector debt 52 133 159 241 3,029 3,207 3,143 4,026 Public & publicly guaranteed commitments 72 84 104 55 812 781 964 918 External debt flows Disbursements 65 187 217 235 1,149 1,488 1,487 1,786 Long-term external debt 65 146 175 193 893 1,147 1,190 1,786 IMF purchases 0 41 41 43 256 341 297 0 Principal repayments 68 157 234 143 458 502 532 1,259 Long-term external debt 42 103 185 103 423 474 510 1,199 IMF repurchases 26 54 49 40 35 28 22 60 Net flows 33 -30 372 231 1,065 846 1,111 1,032 Long-term external debt 23 43 -9 89 470 673 680 587 Short-term external debt 36 -60 389 138 374 -140 156 505 Interest payments 58 38 70 74 252 268 272 347 Long-term external debt 43 28 33 33 225 251 247 307 IMF charges 13 8 10 9 4 7 12 17 Short-term external debt 1 2 27 32 23 10 12 23 2. Other non-debt resource inflows Foreign direct investment 131 453 1,170 1,878 1,591 653 869 1,154 Portfolio equity 0 3 143 34 115 12 -22 -7 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 19.7 14.9 16.7 9.0 7.9 8.0 9.7 Japanese yen 0.2 2.7 2.9 3.0 2.0 1.6 1.4 1.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 82.3 73.3 77.2 73.1 81.7 80.3 80.7 78.4 4. Average terms of new commitments Official creditors Interest (%) 1.1 0.8 1.4 0.8 1.3 1.0 2.3 1.5 Maturity (years) 32.0 40.3 34.8 26.9 25.4 30.9 20.0 23.7 Grace period (years) 8.9 10.7 8.8 10.2 8.7 7.8 5.4 4.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 7.5 0.0 9.9 6.9 Maturity (years) 0.0 0.0 0.0 0.0 5.0 0.0 5.0 10.0 Grace period (years) 0.0 0.0 0.0 0.0 5.0 0.0 5.0 10.0 5. Major economic aggregates Gross national income (GNI) 3,175 6,473 7,909 10,210 12,676 10,679 11,416 14,064 Exports of goods, services & prim. income 1,007 2,415 2,841 3,645 4,245 3,672 4,591 5,981 Personal transfers & comp. of employees 274 446 627 883 1,065 1,112 1,184 1,537 Imports of goods, services & prim. income 1,433 3,469 4,555 6,325 8,115 5,779 6,881 9,087 Primary income on FDI 36 116 94 298 358 262 470 805 Current account balance -177 -695 -1,190 -1,991 -2,810 -1,139 -1,192 -1,791 International reserves 116 479 931 1,361 1,480 2,110 2,264 2,818 6. Ratios External debt stocks to exports (%) 181.3 89.1 90.6 79.5 179.8 233.0 207.4 186.0 External debt stocks to GNI (%) 57.5 33.2 32.5 28.4 60.2 80.1 83.4 79.1 Debt service to exports (%) 12.5 8.1 10.7 6.0 16.7 21.0 17.5 26.9 Short-term to external debt stocks (%) 2.4 2.3 16.9 19.8 12.4 9.4 10.1 13.9 Multilateral to external debt stocks (%) 26.2 38.1 35.1 35.0 15.6 17.9 18.9 18.2 Reserves to external debt stocks (%) 6.4 22.2 36.2 47.0 19.4 24.7 23.8 25.3 Reserves to imports (months) 1.0 1.7 2.5 2.6 2.2 4.4 3.9 3.7 138 GEORGIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,316 1,663 1,685 1,844 6,003 6,736 7,284 8,369 Public and publicly guaranteed 1,274 1,531 1,526 1,604 2,974 3,529 4,141 4,343 Official creditors 1,272 1,529 1,524 1,602 1,780 2,155 2,450 2,706 Multilateral 478 819 904 1,015 1,190 1,535 1,802 2,026 of which: IBRD 0 0 0 0 0 100 173 276 IDA 347 679 785 885 989 1,153 1,186 1,219 Bilateral 794 710 620 586 590 620 648 680 Private creditors 2 2 2 2 1,194 1,375 1,691 1,637 of which: Bonds 0 0 0 0 500 500 750 815 Commercial banks 0 0 0 0 692 874 940 823 Private nonguaranteed 42 132 159 241 3,029 3,207 3,143 4,026 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 65 146 175 193 893 1,147 1,190 1,786 Public and publicly guaranteed 37 76 119 100 725 678 815 844 Official creditors 37 76 119 100 225 427 401 344 Multilateral 25 60 88 82 202 385 346 280 of which: IBRD 0 0 0 0 0 100 73 103 IDA 18 54 76 72 121 168 67 54 Bilateral 13 16 32 18 23 42 55 64 Private creditors 0 0 0 0 500 250 414 500 of which: Bonds 0 0 0 0 500 0 250 500 Commercial banks 0 0 0 0 0 250 164 0 Private nonguaranteed 28 69 56 93 168 469 375 942 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 42 103 185 103 423 474 510 1,199 Public and publicly guaranteed 41 80 166 86 110 140 169 620 Official creditors 41 80 165 85 40 70 71 67 Multilateral 5 10 47 15 19 52 52 43 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 4 7 10 12 15 17 Bilateral 35 70 119 71 21 18 19 24 Private creditors 0 0 0 0 70 70 97 553 of which: Bonds 0 0 0 0 0 0 0 435 Commercial banks 0 0 0 0 69 69 97 118 Private nonguaranteed 2 23 19 17 314 334 342 579 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 43 28 33 33 225 251 247 307 Public and publicly guaranteed 42 24 26 25 54 77 87 139 Official creditors 42 24 26 25 28 31 39 35 Multilateral 8 11 11 10 13 13 12 17 of which: IBRD 0 0 0 0 0 1 1 1 IDA 3 6 6 6 7 7 8 9 Bilateral 34 13 15 15 15 18 27 18 Private creditors 0 0 0 0 27 45 47 104 of which: Bonds 0 0 0 0 19 38 38 94 Commercial banks 0 0 0 0 8 8 10 11 Private nonguaranteed 1 4 6 8 171 174 160 167 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -26 -165 422 324 4,736 923 963 1,605 Net flows on external debt 33 -30 372 231 1,065 846 1,111 1,032 9. Debt restructurings Total amount rescheduled 0 80 67 0 0 0 0 0 Total amount forgiven 0 0 109 2 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 49 59 89 108 118 130 150 180 Interest 42 46 47 46 44 42 40 38 Private creditors Principal 841 643 937 688 367 721 384 220 Interest 345 348 277 193 119 381 53 53 Notes: Long-term private nonguaranteed debt data for 2011 are revised based on reports provided by the country. 139 GHANA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 6,261 7,182 3,691 5,114 5,690 7,191 9,318 11,289 Long-term external debt 5,314 6,060 2,270 3,565 4,085 5,033 6,117 7,402 Public and publicly guaranteed 5,057 6,060 2,270 3,565 4,085 5,033 6,117 7,402 Private nonguaranteed 257 0 0 0 0 0 0 0 Use of IMF credit 375 507 253 266 259 826 937 1,101 Short-term external debt 572 616 1,168 1,282 1,346 1,332 2,264 2,785 interest arrears on long-term 10 38 44 27 8 50 28 105 Memorandum items Principal arrears on long-term 25 18 42 19 15 29 58 121 Long-term public sector debt 5,057 6,060 2,270 3,565 4,085 5,033 6,117 7,402 Long-term private sector debt 257 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 462 540 910 1,694 2,587 1,075 3,017 7,783 External debt flows Disbursements 460 599 621 1,312 757 1,110 1,435 1,724 Long-term external debt 425 560 505 1,312 757 1,006 1,310 1,536 IMF purchases 35 39 116 0 0 104 124 188 Principal repayments 254 221 185 134 137 138 151 216 Long-term external debt 217 190 185 134 137 138 151 199 IMF repurchases 37 32 0 0 0 0 0 17 Net flows 70 269 982 1,309 702 916 2,238 1,953 Long-term external debt 207 371 320 1,178 619 868 1,160 1,337 Short-term external debt -136 -109 546 131 83 -56 954 444 Interest payments 138 114 103 102 163 140 217 129 Long-term external debt 95 88 70 66 130 107 160 98 IMF charges 5 5 4 4 2 2 2 1 Short-term external debt 38 21 29 32 32 31 56 31 2. Other non-debt resource inflows Foreign direct investment 166 145 636 1,383 2,715 2,373 2,527 3,222 Portfolio equity 0 0 0 0 0 535 18 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 4.7 16.1 16.5 18.7 21.1 19.2 18.6 Japanese yen 16.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 2.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.0 77.4 51.4 56.1 54.0 51.7 54.0 55.4 4. Average terms of new commitments Official creditors Interest (%) 1.6 1.0 2.1 3.2 1.8 1.0 1.5 0.1 Maturity (years) 33.7 37.1 30.1 26.7 23.7 32.3 27.9 17.5 Grace period (years) 8.6 9.1 7.6 7.7 6.2 8.8 7.8 3.5 Private creditors Interest (%) 6.1 2.6 2.6 8.1 4.7 2.7 1.9 1.5 Maturity (years) 10.2 14.8 12.3 10.4 10.7 14.0 18.4 21.2 Grace period (years) 2.7 3.4 2.2 9.5 2.6 2.4 5.3 2.9 5. Major economic aggregates Gross national income (GNI) 4,831 10,590 17,422 21,392 25,362 25,881 31,643 37,944 Exports of goods, services & prim. income 2,456 3,952 5,183 6,088 7,156 7,735 9,490 14,651 Personal transfers & comp. of employees 32 99 105 117 126 114 136 141 Imports of goods, services & prim. income 3,473 6,851 8,487 10,510 12,695 11,710 14,560 18,353 Primary income on FDI 17 94 92 334 -80 495 396 0 Current account balance -386 -1,105 -1,056 -2,379 -3,327 -1,897 -2,747 -3,675 International reserves 232 1,753 2,090 1,984 1,770 3,386 4,763 5,483 6. Ratios External debt stocks to exports (%) 254.9 181.7 71.2 84.0 79.5 93.0 98.2 77.1 External debt stocks to GNI (%) 129.6 67.8 21.2 23.9 22.4 27.8 29.4 29.8 Debt service to exports (%) 16.0 8.5 5.6 3.9 4.2 3.6 3.9 2.4 Short-term to external debt stocks (%) 9.1 8.6 31.6 25.1 23.6 18.5 24.3 24.7 Multilateral to external debt stocks (%) 58.5 70.3 33.5 30.2 33.4 32.4 29.5 29.0 Reserves to external debt stocks (%) 3.7 24.4 56.6 38.8 31.1 47.1 51.1 48.6 Reserves to imports (months) 0.8 3.1 3.0 2.3 1.7 3.5 3.9 3.6 140 GHANA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,314 6,060 2,270 3,565 4,085 5,033 6,117 7,402 Public and publicly guaranteed 5,057 6,060 2,270 3,565 4,085 5,033 6,117 7,402 Official creditors 4,705 5,496 1,682 2,137 2,600 3,330 4,222 5,135 Multilateral 3,663 5,046 1,236 1,544 1,900 2,332 2,746 3,275 of which: IBRD 9 0 0 0 0 0 0 0 IDA 3,130 4,234 815 1,087 1,330 1,581 1,868 2,267 Bilateral 1,042 451 446 593 700 998 1,476 1,860 Private creditors 352 563 588 1,428 1,485 1,703 1,895 2,267 of which: Bonds 0 0 0 750 750 750 750 750 Commercial banks 57 308 349 417 451 692 898 1,294 Private nonguaranteed 257 0 0 0 0 0 0 0 of which: Bonds 250 0 0 0 0 0 0 0 Disbursements 425 560 505 1,312 757 1,006 1,310 1,536 Public and publicly guaranteed 425 560 505 1,312 757 1,006 1,310 1,536 Official creditors 342 486 446 436 600 726 999 1,026 Multilateral 223 405 337 278 410 422 458 557 of which: IBRD 0 0 0 0 0 0 0 0 IDA 204 305 266 231 257 241 308 418 Bilateral 119 81 110 158 190 304 541 469 Private creditors 82 74 59 876 156 279 312 511 of which: Bonds 0 0 0 750 0 0 0 0 Commercial banks 14 70 48 79 101 274 297 504 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 217 190 185 134 137 138 151 199 Public and publicly guaranteed 214 190 185 134 137 138 151 199 Official creditors 141 127 128 64 64 56 75 90 Multilateral 68 42 43 30 23 19 25 20 of which: IBRD 8 2 0 0 0 0 0 0 IDA 25 15 8 1 1 2 3 6 Bilateral 74 85 85 35 41 37 50 71 Private creditors 73 63 57 70 73 82 76 109 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 27 24 28 38 49 50 55 79 Private nonguaranteed 3 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 95 88 70 66 130 107 160 98 Public and publicly guaranteed 80 88 70 66 130 107 160 98 Official creditors 64 57 42 31 34 46 72 61 Multilateral 39 42 29 17 18 20 22 25 of which: IBRD 1 0 0 0 0 0 0 0 IDA 22 31 18 8 9 10 12 15 Bilateral 26 16 12 14 16 26 51 35 Private creditors 16 30 29 35 96 61 88 37 of which: Bonds 0 0 0 0 64 32 64 0 Commercial banks 4 12 13 19 19 21 18 32 Private nonguaranteed 14 0 0 0 0 0 0 0 of which: Bonds 14 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -245 -260 -3,491 1,423 576 1,501 2,127 1,971 Net flows on external debt 70 269 982 1,309 702 916 2,238 1,953 9. Debt restructurings Total amount rescheduled 0 0 7 0 0 0 0 0 Total amount forgiven 0 94 4,649 0 15 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 276 296 278 722 761 921 1,089 1,111 Interest 88 96 98 97 93 87 80 72 Private creditors Principal 198 188 211 232 278 1,073 312 289 Interest 118 132 133 131 125 119 47 41 Notes: Long-term private nonguaranteed debt data only cover Bonds. Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 141 GRENADA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 203.5 407.2 500.5 537.6 551.8 571.4 578.1 566.9 Long-term external debt 180.7 391.3 454.8 479.5 477.2 494.6 493.3 487.2 Public and publicly guaranteed 180.7 391.3 454.8 479.5 477.2 494.6 493.3 487.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 1.2 9.7 10.9 9.1 14.4 40.5 46.3 45.9 Short-term external debt 21.6 6.3 34.8 49.0 60.2 36.3 38.6 33.8 interest arrears on long-term 4.5 4.3 5.8 12.0 11.2 13.3 14.6 15.8 Memorandum items Principal arrears on long-term 11.4 9.5 10.5 13.4 21.1 26.4 27.6 29.4 Long-term public sector debt 180.7 391.3 454.8 479.5 477.2 494.6 493.3 487.2 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 97.4 22.5 35.4 32.8 22.3 24.0 17.3 29.9 External debt flows Disbursements 77.6 38.5 35.0 24.3 39.1 37.7 27.5 6.3 Long-term external debt 77.6 38.5 32.7 24.3 30.5 25.7 21.1 6.3 IMF purchases 0.0 0.0 2.3 0.0 8.5 12.0 6.4 0.0 Principal repayments 10.1 5.6 7.4 9.4 11.8 11.6 15.4 13.7 Long-term external debt 10.1 5.6 5.8 7.2 8.9 9.4 15.4 13.5 IMF repurchases 0.0 0.0 1.6 2.2 2.9 2.3 0.0 0.2 Net flows 63.4 -28.1 54.6 22.8 39.3 0.0 13.1 -13.4 Long-term external debt 67.5 32.9 27.0 17.1 21.7 16.3 5.7 -7.2 Short-term external debt -4.1 -61.0 27.0 8.0 12.0 -26.0 1.0 -6.0 Interest payments 4.5 4.9 8.1 10.3 9.7 11.7 11.3 11.8 Long-term external debt 3.4 3.3 6.8 8.6 8.3 11.1 10.9 11.5 IMF charges 0.1 0.3 0.5 0.4 0.2 0.1 0.1 0.0 Short-term external debt 1.0 1.3 0.8 1.3 1.3 0.5 0.3 0.3 2. Other non-debt resource inflows Foreign direct investment 37.4 70.2 89.8 156.6 142.2 102.6 60.2 41.4 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 0.4 0.3 0.3 0.3 0.3 0.3 0.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 6.3 0.2 0.0 0.0 0.7 0.7 0.6 0.6 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 78.4 91.3 92.4 92.1 91.0 90.3 91.0 91.3 4. Average terms of new commitments Official creditors Interest (%) 3.8 2.8 1.8 2.6 2.6 2.6 3.1 1.5 Maturity (years) 24.4 26.9 30.7 27.5 19.5 25.7 21.6 32.0 Grace period (years) 7.2 5.3 9.7 7.5 3.3 6.8 5.9 2.1 Private creditors Interest (%) 5.0 0.0 5.3 0.0 0.0 0.0 0.0 0.0 Maturity (years) 12.5 0.0 5.1 0.0 0.0 0.0 0.0 0.0 Grace period (years) 7.2 0.0 3.1 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 486.0 669.1 672.1 720.9 783.1 709.4 732.2 768.4 Exports of goods, services & prim. income 240.8 160.3 175.6 202.6 197.9 182.4 174.9 191.3 Personal transfers & comp. of employees 46.4 26.8 28.4 28.6 28.9 27.7 28.5 28.9 Imports of goods, services & prim. income 349.0 435.9 444.5 493.1 509.5 410.5 427.8 435.5 Primary income on FDI 27.8 22.7 22.0 35.7 35.5 30.5 30.8 24.4 Current account balance -88.1 -193.3 -226.7 -264.3 -274.5 -188.4 -221.0 -217.2 International reserves 57.7 94.3 100.0 110.6 105.3 129.1 119.2 120.7 6. Ratios External debt stocks to exports (%) 84.5 254.0 285.1 265.4 278.9 313.3 330.5 296.4 External debt stocks to GNI (%) 41.9 60.9 74.5 74.6 70.5 80.6 79.0 73.8 Debt service to exports (%) 6.0 6.6 8.8 9.7 10.9 12.8 15.3 13.3 Short-term to external debt stocks (%) 10.6 1.5 7.0 9.1 10.9 6.4 6.7 6.0 Multilateral to external debt stocks (%) 31.1 27.2 25.7 28.0 30.6 32.0 32.5 32.8 Reserves to external debt stocks (%) 28.3 23.1 20.0 20.6 19.1 22.6 20.6 21.3 Reserves to imports (months) 2.0 2.6 2.7 2.7 2.5 3.8 3.3 3.3 142 GRENADA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 180.7 391.3 454.8 479.5 477.2 494.6 493.3 487.2 Public and publicly guaranteed 180.7 391.3 454.8 479.5 477.2 494.6 493.3 487.2 Official creditors 116.8 172.4 206.0 231.6 257.2 274.6 277.7 273.2 Multilateral 63.3 110.9 128.5 150.3 169.0 183.1 187.8 186.2 of which: IBRD 2.2 10.1 9.0 12.0 11.5 10.8 14.2 12.5 IDA 9.6 22.9 27.8 34.8 36.6 39.4 44.0 45.2 Bilateral 53.5 61.4 77.5 81.3 88.2 91.6 89.8 87.0 Private creditors 63.9 218.9 248.7 247.9 219.9 219.9 215.6 214.0 of which: Bonds 27.4 214.3 239.4 239.4 210.3 210.3 210.3 210.3 Commercial banks 32.2 2.4 8.8 8.3 8.3 8.3 4.0 2.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 77.6 38.5 32.7 24.3 30.5 25.7 21.1 6.3 Public and publicly guaranteed 77.6 38.5 32.7 24.3 30.5 25.7 21.1 6.3 Official creditors 19.8 38.5 25.5 24.3 30.5 25.7 21.1 6.3 Multilateral 11.7 22.7 20.5 24.3 27.8 20.2 20.4 6.3 of which: IBRD 1.9 2.8 0.1 4.3 0.9 0.7 5.1 0.0 IDA 0.8 3.6 4.0 6.0 2.5 2.9 5.6 1.8 Bilateral 8.1 15.8 5.0 0.0 2.7 5.5 0.7 0.0 Private creditors 57.8 0.0 7.3 0.0 0.0 0.0 0.0 0.0 of which: Bonds 26.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 30.0 0.0 7.3 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 10.1 5.6 5.8 7.2 8.9 9.4 15.4 13.5 Public and publicly guaranteed 10.1 5.6 5.8 7.2 8.9 9.4 15.4 13.5 Official creditors 6.3 5.3 5.8 7.2 8.9 9.4 11.0 10.6 Multilateral 3.2 3.7 4.4 5.4 7.2 7.5 7.0 7.6 of which: IBRD 0.0 0.6 1.1 1.2 1.4 1.5 1.7 1.5 IDA 0.1 0.2 0.3 0.3 0.4 0.3 0.3 0.5 Bilateral 3.2 1.5 1.4 1.8 1.7 1.9 4.0 3.0 Private creditors 3.7 0.4 0.0 0.0 0.0 0.0 4.4 2.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 2.4 0.4 0.0 0.0 0.0 0.0 4.4 2.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 3.4 3.3 6.8 8.6 8.3 11.1 10.9 11.5 Public and publicly guaranteed 3.4 3.3 6.8 8.6 8.3 11.1 10.9 11.5 Official creditors 2.3 3.3 4.5 5.6 5.6 5.8 5.7 6.4 Multilateral 1.1 2.6 3.8 3.9 4.3 4.6 4.2 4.7 of which: IBRD 0.0 0.4 0.5 0.5 0.6 0.5 0.4 0.4 IDA 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.4 Bilateral 1.3 0.7 0.7 1.6 1.3 1.2 1.5 1.7 Private creditors 1.1 0.0 2.3 3.0 2.6 5.4 5.2 5.1 of which: Bonds 0.0 0.0 2.3 2.3 2.1 5.1 5.1 5.1 Commercial banks 1.1 0.0 0.0 0.7 0.6 0.2 0.1 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 65.6 -26.1 93.3 37.1 14.1 19.7 6.7 -11.2 Net flows on external debt 63.4 -28.1 54.6 22.8 39.3 0.0 13.1 -13.4 9. Debt restructurings Total amount rescheduled 0.0 208.7 13.2 1.5 1.4 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 17.3 29.6 13.1 15.8 15.1 15.0 14.7 14.8 Interest 6.4 6.4 5.9 5.7 5.3 4.9 4.5 4.1 Private creditors Principal 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 21.1 21.0 28.1 28.1 37.4 37.4 39.7 42.1 143 GUATEMALA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 3,948 9,506 10,946 12,676 13,821 14,822 15,039 16,286 Long-term external debt 2,740 8,014 9,431 10,629 11,627 13,281 13,144 13,712 Public and publicly guaranteed 2,598 3,720 3,953 4,220 4,383 4,923 5,555 5,358 Private nonguaranteed 142 4,294 5,477 6,408 7,245 8,358 7,589 8,354 Use of IMF credit 36 40 42 44 43 315 309 308 Short-term external debt 1,172 1,453 1,474 2,004 2,151 1,226 1,585 2,265 interest arrears on long-term 317 414 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 224 131 0 0 0 0 0 0 Long-term public sector debt 2,598 3,720 3,953 4,220 4,383 4,923 5,555 5,358 Long-term private sector debt 142 4,294 5,477 6,408 7,245 8,358 7,589 8,354 Public & publicly guaranteed commitments 87 82 755 398 508 1,532 275 630 External debt flows Disbursements 220 1,639 1,893 2,237 958 941 1,471 1,031 Long-term external debt 220 1,639 1,893 2,237 958 941 1,471 1,031 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 192 570 709 875 917 1,086 949 1,343 Long-term external debt 192 570 709 875 917 1,086 949 1,343 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 62 906 1,619 1,892 188 -1,070 881 368 Long-term external debt 28 1,069 1,184 1,362 41 -145 522 -312 Short-term external debt 34 -163 435 530 147 -925 359 680 Interest payments 204 474 564 642 697 679 655 715 Long-term external debt 153 420 503 570 621 657 636 684 IMF charges 2 1 2 1 0 1 1 0 Short-term external debt 50 53 59 70 75 21 18 30 2. Other non-debt resource inflows Foreign direct investment 230 540 635 859 751 696 921 1,081 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.5 2.3 2.1 1.9 1.7 1.3 1.3 Japanese yen 2.8 3.5 3.3 3.1 3.7 3.5 3.7 4.1 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 73.3 85.0 86.2 87.4 87.9 89.5 90.7 90.7 4. Average terms of new commitments Official creditors Interest (%) 7.2 5.4 5.6 5.9 4.3 1.6 3.7 3.3 Maturity (years) 19.2 25.8 23.0 19.4 20.1 23.2 28.2 19.4 Grace period (years) 4.7 5.1 4.1 3.9 4.0 6.3 4.8 4.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 19,065 26,726 29,551 33,270 38,199 36,623 40,129 45,347 Exports of goods, services & prim. income 4,077 7,069 8,036 9,270 10,264 9,572 11,108 13,179 Personal transfers & comp. of employees 596 3,067 3,700 4,236 4,460 4,019 4,232 4,508 Imports of goods, services & prim. income 5,991 11,886 13,828 15,910 17,052 14,190 16,680 19,844 Primary income on FDI 248 370 608 819 886 951 1,001 1,343 Current account balance -1,050 -1,241 -1,524 -1,786 -1,681 8 -626 -1,457 International reserves 1,746 3,664 3,915 4,130 4,462 4,964 5,637 5,835 6. Ratios External debt stocks to exports (%) 96.8 134.5 136.2 136.7 134.7 154.8 135.4 123.6 External debt stocks to GNI (%) 20.7 35.6 37.0 38.1 36.2 40.5 37.5 35.9 Debt service to exports (%) 9.7 14.8 15.8 16.4 15.7 18.4 14.4 15.6 Short-term to external debt stocks (%) 29.7 15.3 13.5 15.8 15.6 8.3 10.5 13.9 Multilateral to external debt stocks (%) 38.5 21.5 22.5 22.9 22.2 24.4 28.2 26.9 Reserves to external debt stocks (%) 44.2 38.5 35.8 32.6 32.3 33.5 37.5 35.8 Reserves to imports (months) 3.5 3.7 3.4 3.1 3.1 4.2 4.1 3.5 144 GUATEMALA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,740 8,014 9,431 10,629 11,627 13,281 13,144 13,712 Public and publicly guaranteed 2,598 3,720 3,953 4,220 4,383 4,923 5,555 5,358 Official creditors 2,156 2,484 2,848 3,265 3,427 3,968 4,600 4,728 Multilateral 1,521 2,044 2,462 2,903 3,062 3,612 4,241 4,377 of which: IBRD 296 479 642 740 806 1,112 1,372 1,392 IDA 0 0 0 0 0 0 0 0 Bilateral 635 440 386 362 366 356 359 352 Private creditors 442 1,237 1,105 955 955 955 955 630 of which: Bonds 245 1,105 1,105 955 955 955 955 630 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 142 4,294 5,477 6,408 7,245 8,358 7,589 8,354 of which: Bonds 0 50 50 50 55 5 5 155 Disbursements 220 1,639 1,893 2,237 958 941 1,471 1,031 Public and publicly guaranteed 220 144 581 599 396 807 879 398 Official creditors 220 144 581 599 396 807 879 398 Multilateral 167 131 572 594 386 783 858 382 of which: IBRD 51 34 199 136 133 379 335 101 IDA 0 0 0 0 0 0 0 0 Bilateral 53 13 9 6 10 24 21 17 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 1,495 1,312 1,638 562 135 592 633 of which: Bonds 0 0 0 0 5 0 0 150 Principal repayments 192 570 709 875 917 1,086 949 1,343 Public and publicly guaranteed 172 200 245 360 260 269 264 600 Official creditors 139 199 234 210 260 269 264 275 Multilateral 81 145 163 164 225 234 228 244 of which: IBRD 13 33 36 38 67 72 75 81 IDA 0 0 0 0 0 0 0 0 Bilateral 58 54 71 46 35 35 36 31 Private creditors 32 1 11 150 0 0 0 325 of which: Bonds 31 0 0 150 0 0 0 325 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 20 371 464 515 656 817 685 743 of which: Bonds 0 0 0 0 0 50 0 0 Interest payments 153 420 503 570 621 657 636 684 Public and publicly guaranteed 134 203 228 249 257 258 284 284 Official creditors 112 102 127 149 169 170 196 196 Multilateral 86 87 114 138 159 160 188 188 of which: IBRD 21 19 28 37 40 41 51 54 IDA 0 0 0 0 0 0 0 0 Bilateral 26 15 13 11 10 9 8 8 Private creditors 23 101 101 101 88 88 88 88 of which: Bonds 22 101 101 101 88 88 88 88 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 19 217 276 321 365 399 352 401 of which: Bonds 0 5 5 5 5 0 0 7 8. Debt stock-flow reconciliation Total change in external debt stocks 76 1,412 1,440 1,730 1,145 1,001 217 1,247 Net flows on external debt 62 906 1,619 1,892 188 -1,070 881 368 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 538 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 282 286 318 328 334 355 359 324 Interest 125 126 124 118 111 103 95 86 Private creditors Principal 2,186 1,853 1,391 815 655 496 412 331 Interest 40 40 40 40 40 40 40 40 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. Short-term debt is based on data from the BIS. 145 GUINEA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 3,083 2,968 3,127 3,234 3,175 3,128 3,135 3,139 Long-term external debt 2,650 2,771 2,876 3,002 2,883 2,868 2,805 2,849 Public and publicly guaranteed 2,650 2,771 2,876 3,002 2,883 2,868 2,805 2,849 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 136 113 99 92 98 220 205 199 Short-term external debt 298 84 153 139 194 40 124 91 interest arrears on long-term 81 84 91 95 38 38 56 80 Memorandum items Principal arrears on long-term 319 307 313 272 137 139 208 244 Long-term public sector debt 2,650 2,771 2,876 3,002 2,883 2,868 2,805 2,849 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 76 39 9 4 25 8 14 28 External debt flows Disbursements 71 93 74 85 91 42 32 33 Long-term external debt 71 93 74 74 63 42 32 33 IMF purchases 0 0 0 11 28 0 0 0 Principal repayments 99 110 101 99 98 90 57 139 Long-term external debt 91 84 82 78 78 77 47 133 IMF repurchases 8 26 19 21 20 13 10 6 Net flows -41 -17 35 -32 105 -202 41 -163 Long-term external debt -20 9 -7 -3 -15 -35 -15 -100 Short-term external debt -12 0 62 -18 112 -154 66 -57 Interest payments 58 46 49 48 30 25 18 32 Long-term external debt 41 45 43 44 27 24 17 31 IMF charges 2 2 1 1 1 1 1 0 Short-term external debt 15 0 4 3 2 1 0 1 2. Other non-debt resource inflows Foreign direct investment 10 .. .. .. 11 91 .. 896 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 10.7 12.0 13.2 12.7 13.3 12.5 11.8 Japanese yen 3.1 1.9 1.7 1.6 1.9 1.7 1.7 1.8 Pound sterling 0.4 0.2 0.2 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 U.S.dollars 60.0 62.9 62.1 62.2 65.1 64.4 64.5 65.5 4. Average terms of new commitments Official creditors Interest (%) 1.3 0.5 0.8 1.0 1.7 1.0 2.5 0.6 Maturity (years) 38.1 34.4 23.4 42.7 27.8 30.4 25.1 27.3 Grace period (years) 9.1 8.4 9.2 11.1 9.2 10.4 8.1 7.6 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,035 2,647 2,501 3,814 3,340 3,710 4,297 4,782 Exports of goods, services & prim. income 758 929 1,098 1,313 1,455 1,144 1,549 1,528 Personal transfers & comp. of employees 1 42 30 15 62 52 46 65 Imports of goods, services & prim. income 973 1,079 1,298 1,637 1,911 1,581 1,892 2,829 Primary income on FDI 8 0 0 54 14 88 0 26 Current account balance -140 -160 -221 -455 -438 -403 -327 -1,161 International reserves 148 95 .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 406.9 319.5 284.9 246.3 218.2 273.4 202.4 205.4 External debt stocks to GNI (%) 101.6 112.1 125.1 84.8 95.1 84.3 72.9 65.6 Debt service to exports (%) 20.7 16.8 13.6 11.2 8.8 10.1 4.8 11.2 Short-term to external debt stocks (%) 9.7 2.8 4.9 4.3 6.1 1.3 3.9 2.9 Multilateral to external debt stocks (%) 52.2 60.4 59.4 59.9 60.2 60.5 59.4 61.0 Reserves to external debt stocks (%) 4.8 3.2 .. .. .. .. .. .. Reserves to imports (months) 1.8 1.1 .. .. .. .. .. .. 146 GUINEA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,650 2,771 2,876 3,002 2,883 2,868 2,805 2,849 Public and publicly guaranteed 2,650 2,771 2,876 3,002 2,883 2,868 2,805 2,849 Official creditors 2,621 2,740 2,844 2,967 2,865 2,850 2,787 2,831 Multilateral 1,610 1,793 1,859 1,937 1,912 1,893 1,862 1,915 of which: IBRD 0 0 0 0 0 0 0 0 IDA 982 1,205 1,259 1,305 1,288 1,269 1,248 1,166 Bilateral 1,011 947 985 1,029 953 957 925 917 Private creditors 29 31 33 35 18 19 18 18 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 4 7 6 7 6 6 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 71 93 74 74 63 42 32 33 Public and publicly guaranteed 71 93 74 74 63 42 32 33 Official creditors 71 92 73 72 63 42 32 33 Multilateral 66 43 36 41 45 13 18 23 of which: IBRD 0 0 0 0 0 0 0 0 IDA 29 32 22 21 22 0 0 10 Bilateral 5 48 37 32 18 29 13 9 Private creditors 0 1 1 2 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 1 2 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 91 84 82 78 78 77 47 133 Public and publicly guaranteed 91 84 82 78 78 77 47 133 Official creditors 91 84 82 78 78 77 47 133 Multilateral 51 43 42 38 53 53 23 132 of which: IBRD 0 0 0 0 0 0 0 0 IDA 11 9 10 12 25 27 0 91 Bilateral 40 42 40 39 25 23 24 1 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 41 45 43 44 27 24 17 31 Public and publicly guaranteed 41 45 43 44 27 24 17 31 Official creditors 41 45 43 44 27 24 17 31 Multilateral 24 20 18 18 17 13 6 31 of which: IBRD 0 0 0 0 0 0 0 0 IDA 7 9 8 9 10 7 0 22 Bilateral 17 24 25 26 10 10 11 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -127 -237 160 106 -59 -46 6 5 Net flows on external debt -41 -17 35 -32 105 -202 41 -163 9. Debt restructurings Total amount rescheduled 0 0 0 41 86 17 13 0 Total amount forgiven 0 13 14 23 186 25 26 8 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 161 141 141 152 143 134 134 123 Interest 43 40 38 35 32 29 26 23 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term public and publicly guaranteed debt data for 2011 are World Bank staff estimates based on reports provided by the country. Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 147 GUINEA-BISSAU (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 949 1,023 1,047 1,092 1,099 1,150 1,130 284 Long-term external debt 822 889 911 936 942 964 978 219 Public and publicly guaranteed 822 889 911 936 942 964 978 219 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 26 13 10 7 10 31 25 32 Short-term external debt 100 121 126 149 146 155 127 33 interest arrears on long-term 87 119 126 142 144 148 126 33 Memorandum items Principal arrears on long-term 219 256 252 245 270 318 266 101 Long-term public sector debt 822 889 911 936 942 964 978 219 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 27 9 0 0 0 0 0 0 External debt flows Disbursements 22 16 10 16 13 9 20 17 Long-term external debt 14 16 10 16 8 6 4 9 IMF purchases 9 0 0 0 6 3 16 8 Principal repayments 3 4 7 7 6 6 14 5 Long-term external debt 3 1 3 4 4 5 6 5 IMF repurchases 0 3 4 3 2 2 8 0 Net flows 29 10 1 16 2 7 0 11 Long-term external debt 11 15 7 13 3 1 -2 5 Short-term external debt 10 -1 -2 7 -5 5 -6 -1 Interest payments 2 2 3 4 4 4 3 1 Long-term external debt 2 2 3 3 3 4 3 1 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 1 9 18 19 7 16 33 19 Portfolio equity .. 0 0 0 0 0 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 10.3 11.0 12.0 11.3 11.4 9.3 0.0 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 11.0 12.5 5.0 5.3 5.6 5.6 4.8 0.0 U.S.dollars 34.0 46.3 51.8 49.5 50.0 50.1 53.7 48.8 4. Average terms of new commitments Official creditors Interest (%) 0.9 0.8 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 37.9 45.5 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 10.1 10.3 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 203 561 573 687 833 824 834 973 Exports of goods, services & prim. income .. 95 78 141 172 160 .. .. Personal transfers & comp. of employees 8 20 26 43 49 49 49 52 Imports of goods, services & prim. income .. 157 176 246 299 306 .. .. Primary income on FDI .. 0 0 0 0 2 .. .. Current account balance .. -10 -40 -31 -29 -48 -71 .. International reserves 67 80 82 113 125 169 156 220 6. Ratios External debt stocks to exports (%) .. 1,073.9 1,345.2 775.4 638.8 717.4 .. .. External debt stocks to GNI (%) 467.3 182.2 182.8 159.1 131.9 139.5 135.4 29.2 Debt service to exports (%) .. 6.7 12.6 7.5 5.7 6.4 .. .. Short-term to external debt stocks (%) 10.6 11.8 12.1 13.7 13.3 13.4 11.2 11.7 Multilateral to external debt stocks (%) 41.8 45.5 46.8 47.7 47.3 45.3 44.9 40.4 Reserves to external debt stocks (%) 7.0 7.8 7.8 10.3 11.3 14.7 13.8 77.6 Reserves to imports (months) .. 6.1 5.6 5.5 5.0 6.6 .. .. 148 GUINEA-BISSAU (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 822 889 911 936 942 964 978 219 Public and publicly guaranteed 822 889 911 936 942 964 978 219 Official creditors 822 889 911 936 942 964 978 219 Multilateral 397 465 490 522 520 521 507 115 of which: IBRD 0 0 0 0 0 0 0 0 IDA 228 284 297 315 309 304 289 57 Bilateral 425 424 421 414 423 443 471 104 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 14 16 10 16 8 6 4 9 Public and publicly guaranteed 14 16 10 16 8 6 4 9 Official creditors 14 16 10 16 8 6 4 9 Multilateral 14 16 10 16 8 6 4 9 of which: IBRD 0 0 0 0 0 0 0 0 IDA 14 11 5 11 4 1 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 3 1 3 4 4 5 6 5 Public and publicly guaranteed 3 1 3 4 4 5 6 5 Official creditors 2 1 3 4 4 5 6 5 Multilateral 2 1 3 4 4 5 6 5 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 0 0 0 1 1 1 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 2 2 3 3 3 4 3 1 Public and publicly guaranteed 2 2 3 3 3 4 3 1 Official creditors 2 2 3 3 3 4 3 1 Multilateral 2 2 3 3 3 4 3 1 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 1 2 2 2 2 2 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 8 -92 25 45 7 51 -21 -846 Net flows on external debt 29 10 1 16 2 7 0 11 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 117 0 Total amount forgiven 1 6 6 6 7 7 60 840 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 9 4 4 4 4 4 5 4 Interest 1 1 1 1 1 1 1 1 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term public and publicly guaranteed debt data for 2011 are World Bank staff estimates. Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 149 GUYANA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,384 1,237 1,163 759 850 1,172 1,485 1,846 Long-term external debt 1,129 1,043 923 584 675 781 885 1,054 Public and publicly guaranteed 1,125 1,041 923 584 675 779 885 1,054 Private nonguaranteed 4 2 0 0 0 2 0 0 Use of IMF credit 136 112 78 82 79 195 190 182 Short-term external debt 119 82 162 93 96 196 410 609 interest arrears on long-term 67 82 86 93 96 97 103 107 Memorandum items Principal arrears on long-term 65 66 76 75 75 78 82 82 Long-term public sector debt 1,125 1,041 923 584 675 779 885 1,054 Long-term private sector debt 4 2 0 0 0 2 0 0 Public & publicly guaranteed commitments 85 166 4 144 122 73 155 175 External debt flows Disbursements 73 131 136 101 138 105 123 188 Long-term external debt 64 104 109 101 138 105 123 188 IMF purchases 9 27 27 0 0 0 0 0 Principal repayments 39 24 15 16 16 8 17 28 Long-term external debt 23 16 15 16 16 8 16 20 IMF repurchases 17 8 0 0 0 0 1 7 Net flows 21 76 197 9 122 195 314 355 Long-term external debt 41 88 94 85 122 96 107 167 Short-term external debt -13 -31 76 -76 0 99 208 195 Interest payments 31 11 17 12 11 12 14 18 Long-term external debt 26 10 14 9 10 11 11 13 IMF charges 1 1 1 1 0 1 0 0 Short-term external debt 3 1 2 2 0 1 3 5 2. Other non-debt resource inflows Foreign direct investment 67 77 102 152 168 208 270 165 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.1 2.7 4.6 3.5 2.9 2.2 1.7 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 5.6 0.2 0.2 0.1 0.1 0.1 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 69.3 74.3 70.7 86.5 88.8 90.2 90.3 89.9 4. Average terms of new commitments Official creditors Interest (%) 2.0 1.3 1.9 1.0 1.6 1.6 1.2 1.2 Maturity (years) 40.0 30.5 29.8 36.6 28.5 29.2 25.8 25.3 Grace period (years) 10.5 9.2 7.6 9.0 4.1 4.7 4.9 4.5 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 661 804 1,415 1,705 1,908 2,009 2,272 .. Exports of goods, services & prim. income 684 697 730 889 1,035 953 1,156 .. Personal transfers & comp. of employees 27 201 218 283 278 267 373 399 Imports of goods, services & prim. income 813 960 1,127 1,288 1,556 1,418 1,686 .. Primary income on FDI 6 7 9 -7 0 17 12 0 Current account balance -82 -96 -181 -112 -192 -165 -160 -373 International reserves 305 252 280 313 356 631 782 802 6. Ratios External debt stocks to exports (%) 202.4 177.5 159.3 85.3 82.1 122.9 128.5 .. External debt stocks to GNI (%) 209.5 153.7 82.2 44.5 44.6 58.3 65.4 .. Debt service to exports (%) 10.2 5.0 4.4 3.2 2.6 2.1 2.7 .. Short-term to external debt stocks (%) 8.6 6.6 13.9 12.3 11.3 16.7 27.6 33.0 Multilateral to external debt stocks (%) 43.4 68.8 61.9 48.4 44.8 38.2 33.8 29.9 Reserves to external debt stocks (%) 22.0 20.4 24.0 41.3 41.9 53.9 52.7 43.4 Reserves to imports (months) 4.5 3.1 3.0 2.9 2.7 5.3 5.6 .. 150 GUYANA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,129 1,043 923 584 675 781 885 1,054 Public and publicly guaranteed 1,125 1,041 923 584 675 779 885 1,054 Official creditors 1,080 1,033 915 575 654 758 864 1,034 Multilateral 600 851 720 367 381 448 502 552 of which: IBRD 8 0 0 0 0 0 0 0 IDA 180 226 9 10 10 10 9 10 Bilateral 480 182 194 209 273 311 363 482 Private creditors 45 9 8 8 21 21 21 21 of which: Bonds 27 0 0 0 0 0 0 0 Commercial banks 6 4 4 4 3 4 4 4 Private nonguaranteed 4 2 0 0 0 2 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 64 104 109 101 138 105 123 188 Public and publicly guaranteed 64 104 109 101 138 105 123 188 Official creditors 64 104 109 101 138 105 123 188 Multilateral 64 71 77 67 56 69 64 61 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 2 0 1 0 0 0 1 Bilateral 0 33 32 33 82 35 58 127 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 23 16 15 16 16 8 16 20 Public and publicly guaranteed 22 15 15 16 16 8 16 20 Official creditors 22 15 15 16 16 8 16 20 Multilateral 18 11 13 9 9 6 8 9 of which: IBRD 3 0 0 0 0 0 0 0 IDA 1 1 1 0 0 0 0 0 Bilateral 4 4 2 7 7 2 8 11 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 26 10 14 9 10 11 11 13 Public and publicly guaranteed 26 10 14 9 10 10 11 13 Official creditors 26 10 14 9 10 10 11 13 Multilateral 10 10 12 6 8 8 8 9 of which: IBRD 1 0 0 0 0 0 0 0 IDA 1 2 1 0 0 0 0 0 Bilateral 16 0 3 3 3 3 3 4 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -49 -149 -74 -405 92 321 313 360 Net flows on external debt 21 76 197 9 122 195 314 355 9. Debt restructurings Total amount rescheduled 0 79 0 0 0 0 0 0 Total amount forgiven 14 175 298 429 13 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 27 32 39 45 49 54 56 52 Interest 15 15 16 16 15 14 13 12 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates. Data include the effects of HIPC and MDRI debt relief. 151 HAITI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1203.4 1346.8 1524.9 1601.4 1972.2 1448.3 985.1 782.9 Long-term external debt 1055.9 1277.9 1346.1 1524.6 1846.1 1157.6 850.1 634.7 Public and publicly guaranteed 1055.9 1277.9 1346.1 1524.6 1846.1 1157.6 850.1 634.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 57.2 41.3 52.7 76.9 126.1 290.7 134.9 148.2 Short-term external debt 90.3 27.7 126.0 0.0 0.0 0.0 0.1 0.0 interest arrears on long-term 1.0 14.7 18.0 0.0 0.0 0.0 0.1 0.0 Memorandum items Principal arrears on long-term 2.4 21.8 27.4 0.0 0.0 0.0 0.4 0.0 Long-term public sector debt 1055.9 1277.9 1346.1 1524.6 1846.1 1157.6 850.1 634.7 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.0 240.2 0.0 116.5 185.4 113.9 233.1 326.6 External debt flows Disbursements 50.8 92.8 98.3 150.9 406.2 272.5 408.3 352.8 Long-term external debt 50.8 77.5 83.4 97.0 355.8 212.0 283.6 340.3 IMF purchases 0.0 15.3 14.9 53.9 50.5 60.5 124.8 12.5 Principal repayments 24.8 38.2 38.1 56.5 34.3 29.6 122.5 2.2 Long-term external debt 19.1 33.6 33.7 23.3 34.3 26.5 122.5 2.2 IMF repurchases 5.7 4.5 4.4 33.2 0.0 3.1 0.0 0.0 Net flows 20.1 20.6 155.2 -13.6 372.0 242.9 285.9 350.6 Long-term external debt 31.6 43.9 49.7 73.7 321.5 185.5 161.1 338.1 Short-term external debt -5.8 -34.0 95.0 -108.0 0.0 0.0 0.0 0.0 Interest payments 21.6 19.6 22.2 26.7 23.7 15.4 8.8 3.0 Long-term external debt 15.0 17.3 17.1 22.3 23.3 14.6 8.0 2.9 IMF charges 2.0 1.1 2.1 1.4 0.5 0.9 0.8 0.1 Short-term external debt 4.6 1.2 3.1 3.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 13.3 26.0 160.6 74.5 29.8 38.0 150.0 181.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.4 3.6 5.7 5.0 4.0 3.6 0.0 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 81.1 80.4 81.3 80.9 84.1 87.3 88.6 89.8 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.0 0.0 1.8 1.0 1.0 1.3 1.0 Maturity (years) 0.0 39.4 0.0 34.0 25.0 24.9 25.0 25.0 Grace period (years) 0.0 10.3 0.0 8.2 3.0 3.0 3.3 3.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. 4227.9 4236.0 6126.1 6429.0 6491.3 6732.0 7387.1 Exports of goods, services & prim. income 503.7 600.6 704.1 801.5 857.8 957.6 832.0 1073.5 Personal transfers & comp. of employees 578.0 986.2 1062.9 1222.1 1369.8 1375.5 1473.8 1571.3 Imports of goods, services & prim. income 1377.9 1887.9 2153.7 2407.3 2876.6 2822.6 4094.4 4219.4 Primary income on FDI .. .. .. .. .. .. .. .. Current account balance -114.2 7.0 -85.1 -85.1 -292.4 -226.7 -165.6 -310.1 International reserves 182.1 133.1 253.1 452.0 541.4 788.6 1335.0 1194.7 6. Ratios External debt stocks to exports (%) 238.9 224.3 216.6 199.8 229.9 151.2 118.4 72.9 External debt stocks to GNI (%) .. 31.9 36.0 26.1 30.7 22.3 14.6 10.6 Debt service to exports (%) 9.2 9.6 8.6 10.4 6.8 4.7 15.8 0.5 Short-term to external debt stocks (%) 7.5 2.1 8.3 .. .. .. 0.0 .. Multilateral to external debt stocks (%) 76.4 79.9 75.0 77.9 67.4 35.9 56.5 9.8 Reserves to external debt stocks (%) 15.1 9.9 16.6 28.2 27.5 54.4 135.5 152.6 Reserves to imports (months) 1.6 0.8 1.4 2.3 2.3 3.4 3.9 3.4 152 HAITI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1055.9 1277.9 1346.1 1524.6 1846.1 1157.6 850.1 634.7 Public and publicly guaranteed 1055.9 1277.9 1346.1 1524.6 1846.1 1157.6 850.1 634.7 Official creditors 1055.9 1277.9 1346.1 1524.6 1846.1 1157.6 850.1 634.7 Multilateral 919.5 1075.7 1144.3 1248.3 1328.6 519.8 557.0 76.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 480.1 505.5 511.5 518.4 507.2 38.5 0.0 0.0 Bilateral 136.4 202.2 201.9 276.3 517.5 637.8 293.1 557.8 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 50.8 77.5 83.4 97.0 355.8 212.0 283.6 340.3 Public and publicly guaranteed 50.8 77.5 83.4 97.0 355.8 212.0 283.6 340.3 Official creditors 50.8 77.5 83.4 97.0 355.8 212.0 283.6 340.3 Multilateral 50.7 77.5 83.4 97.0 120.6 98.1 83.5 9.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 8.0 8.6 8.6 0.0 0.0 0.0 0.0 0.0 Bilateral 0.1 0.0 0.0 0.0 235.2 113.9 200.1 330.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 19.1 33.6 33.7 23.3 34.3 26.5 122.5 2.2 Public and publicly guaranteed 19.1 33.6 33.7 23.3 34.3 26.5 122.5 2.2 Official creditors 19.1 33.6 33.7 23.3 34.3 26.5 122.5 2.2 Multilateral 15.3 28.7 30.8 18.0 29.2 21.7 41.2 2.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 6.5 13.8 12.5 6.7 15.8 11.0 35.9 0.0 Bilateral 3.8 5.0 2.9 5.3 5.0 4.8 81.3 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 15.0 17.3 17.1 22.3 23.3 14.6 8.0 2.9 Public and publicly guaranteed 15.0 17.3 17.1 22.3 23.3 14.6 8.0 2.9 Official creditors 15.0 17.3 17.1 22.3 23.3 14.6 8.0 2.9 Multilateral 9.7 15.3 15.5 17.3 19.5 11.6 6.6 0.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 3.6 4.9 3.7 3.5 4.2 2.4 0.2 0.0 Bilateral 5.3 2.0 1.6 5.0 3.8 3.0 1.4 2.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -18.3 15.7 178.0 76.6 370.8 -523.9 -463.2 -202.2 Net flows on external debt 20.1 20.6 155.2 -13.6 372.0 242.9 285.9 350.6 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 93.0 12.1 98.9 3.3 4.9 Total amount forgiven 0.0 0.0 1.1 32.3 17.8 936.0 743.9 553.7 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 5.2 14.4 25.6 31.9 34.8 36.1 37.0 37.0 Interest 8.7 9.5 9.6 9.5 9.3 8.9 8.5 8.0 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Data include the effects of Paris Club restructuring agreements signed in 2006 and 2009 and HIPC and MDRI debt relief. 153 HONDURAS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 5,478 5,170 4,019 3,000 3,489 3,805 4,340 4,642 Long-term external debt 4,863 4,654 3,674 2,621 2,963 3,330 3,745 4,160 Public and publicly guaranteed 4,303 4,145 3,039 1,997 2,306 2,450 2,803 3,180 Private nonguaranteed 560 509 635 624 657 880 942 980 Use of IMF credit 241 195 59 62 61 226 220 215 Short-term external debt 374 321 286 317 466 249 374 268 interest arrears on long-term 35 12 5 5 3 10 11 6 Memorandum items Principal arrears on long-term 72 47 25 22 32 30 37 8 Long-term public sector debt 4,283 4,145 3,039 1,997 2,306 2,450 2,803 3,180 Long-term private sector debt 580 509 635 624 657 880 942 980 Public & publicly guaranteed commitments 174 369 190 269 545 257 895 502 External debt flows Disbursements 368 496 357 385 649 703 873 1,446 Long-term external debt 347 481 342 385 649 703 873 1,446 IMF purchases 21 15 15 0 0 0 0 0 Principal repayments 264 280 203 234 277 341 453 926 Long-term external debt 259 265 203 234 277 341 452 922 IMF repurchases 5 15 0 0 0 0 2 5 Net flows 42 155 125 182 523 139 543 418 Long-term external debt 88 216 139 151 372 362 421 525 Short-term external debt -63 -61 -29 31 151 -223 124 -102 Interest payments 133 102 123 100 93 75 64 81 Long-term external debt 108 83 102 81 77 68 60 77 IMF charges 5 2 1 1 0 1 1 0 Short-term external debt 20 17 19 18 16 7 4 4 2. Other non-debt resource inflows Foreign direct investment 382 601 718 967 1,046 489 792 1,043 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.7 4.9 8.8 9.3 10.0 8.3 7.2 Japanese yen 7.8 0.5 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.9 0.1 0.2 0.1 0.1 0.1 0.1 0.1 U.S.dollars 64.9 72.4 65.7 68.0 69.1 69.0 73.3 76.2 4. Average terms of new commitments Official creditors Interest (%) 1.5 1.3 1.5 1.8 2.8 3.4 2.6 1.4 Maturity (years) 39.7 26.3 30.1 27.0 24.5 26.7 23.0 24.3 Grace period (years) 10.2 9.3 8.7 8.5 5.4 5.5 5.3 3.9 Private creditors Interest (%) 3.8 1.7 0.0 0.0 0.0 0.8 1.0 0.0 Maturity (years) 7.2 50.0 0.0 0.0 0.0 18.2 18.4 16.1 Grace period (years) 3.0 10.5 0.0 0.0 0.0 18.2 4.9 0.0 5. Major economic aggregates Gross national income (GNI) 6,951 9,255 10,341 11,920 13,315 13,593 14,746 16,304 Exports of goods, services & prim. income 4,001 3,817 4,135 4,641 5,220 4,252 4,928 6,312 Personal transfers & comp. of employees 484 1,805 2,337 2,614 2,821 2,477 2,603 2,811 Imports of goods, services & prim. income 5,047 6,016 6,990 8,429 9,981 7,407 8,644 10,873 Primary income on FDI 160 479 621 535 488 499 567 910 Current account balance -508 -304 -404 -1,116 -1,782 -515 -955 -1,503 International reserves 1,313 2,327 2,628 2,528 2,473 2,086 2,671 2,750 6. Ratios External debt stocks to exports (%) 136.9 135.5 97.2 64.6 66.8 89.5 88.1 73.6 External debt stocks to GNI (%) 78.8 55.9 38.9 25.2 26.2 28.0 29.4 28.5 Debt service to exports (%) 9.9 10.0 7.9 7.2 7.1 9.8 10.5 16.0 Short-term to external debt stocks (%) 6.8 6.2 7.1 10.6 13.3 6.5 8.6 5.8 Multilateral to external debt stocks (%) 50.7 61.7 57.0 42.6 41.2 40.0 43.7 50.3 Reserves to external debt stocks (%) 24.0 45.0 65.4 84.3 70.9 54.8 61.5 59.2 Reserves to imports (months) 3.1 4.6 4.5 3.6 3.0 3.4 3.7 3.0 154 HONDURAS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 4,863 4,654 3,674 2,621 2,963 3,330 3,745 4,160 Public and publicly guaranteed 4,303 4,145 3,039 1,997 2,306 2,450 2,803 3,180 Official creditors 4,201 4,090 2,986 1,959 2,269 2,363 2,719 3,099 Multilateral 2,778 3,191 2,290 1,278 1,437 1,521 1,896 2,333 of which: IBRD 151 0 0 0 0 0 0 0 IDA 838 1,353 349 401 449 502 602 732 Bilateral 1,423 899 696 680 833 842 823 766 Private creditors 102 55 53 39 37 87 84 81 of which: Bonds 0 0 0 0 0 50 50 50 Commercial banks 46 44 43 28 26 26 23 20 Private nonguaranteed 560 509 635 624 657 880 942 980 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 347 481 342 385 649 703 873 1,446 Public and publicly guaranteed 163 302 210 230 431 246 452 552 Official creditors 159 297 210 229 430 196 452 552 Multilateral 121 253 186 152 196 112 435 499 of which: IBRD 0 0 0 0 0 0 0 0 IDA 38 151 58 46 51 49 109 135 Bilateral 38 44 24 77 234 84 17 53 Private creditors 4 4 0 1 1 50 0 0 of which: Bonds 0 0 0 0 0 50 0 0 Commercial banks 1 4 0 0 0 0 0 0 Private nonguaranteed 184 179 133 155 218 457 421 894 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 259 265 203 234 277 341 452 922 Public and publicly guaranteed 93 139 91 105 54 107 62 65 Official creditors 91 138 88 103 53 106 61 63 Multilateral 88 123 50 38 34 35 47 45 of which: IBRD 27 70 0 0 0 0 0 0 IDA 2 8 3 0 0 0 0 2 Bilateral 3 15 38 65 19 72 15 18 Private creditors 1 1 3 2 1 1 1 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 1 1 1 1 1 1 2 Private nonguaranteed 166 126 112 130 223 234 390 856 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 108 83 102 81 77 68 60 77 Public and publicly guaranteed 77 64 65 53 49 41 46 59 Official creditors 76 63 65 53 49 41 46 58 Multilateral 67 50 46 35 35 31 36 46 of which: IBRD 15 3 0 0 0 0 0 0 IDA 6 10 6 3 3 3 4 5 Bilateral 9 13 19 18 14 10 10 12 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 31 20 37 28 27 27 14 19 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 35 -933 -1,152 -1,019 489 316 534 303 Net flows on external debt 42 155 125 182 523 139 543 418 9. Debt restructurings Total amount rescheduled 413 58 10 31 0 0 0 0 Total amount forgiven 19 779 1,511 1,193 62 8 1 95 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 95 103 138 153 158 172 182 180 Interest 80 84 87 86 83 81 77 72 Private creditors Principal 256 185 176 104 85 57 48 39 Interest 44 33 23 17 12 8 5 3 Notes: Data include the effects of HIPC and MDRI debt relief. 155 INDIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 101,130 121,195 159,526 204,005 227,043 256,229 290,351 334,331 Long-term external debt 96,781 111,406 133,404 166,836 182,173 203,390 227,776 250,171 Public and publicly guaranteed 81,195 54,726 60,043 69,855 76,248 85,210 100,487 107,857 Private nonguaranteed 15,586 56,680 73,361 96,980 105,925 118,180 127,290 142,314 Use of IMF credit 888 974 1,025 1,076 1,049 6,237 6,127 6,108 Short-term external debt 3,462 8,816 25,097 36,093 43,821 46,603 56,448 78,052 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 80,709 54,598 59,934 69,760 76,091 85,040 100,277 107,613 Long-term private sector debt 16,072 56,808 73,470 97,076 106,082 118,349 127,499 142,558 Public & publicly guaranteed commitments 10,707 3,340 6,555 11,986 8,402 12,729 13,663 19,414 External debt flows Disbursements 10,556 19,380 32,443 64,496 38,690 26,631 43,403 42,727 Long-term external debt 10,556 19,380 32,443 64,496 38,690 26,631 43,403 42,727 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 6,728 19,384 12,412 32,097 23,685 10,985 19,014 22,138 Long-term external debt 6,702 19,384 12,412 32,097 23,685 10,985 19,014 22,138 IMF repurchases 25 0 0 0 0 0 0 0 Net flows 3,358 1,949 36,312 43,395 22,734 18,427 34,234 42,193 Long-term external debt 3,854 -3 20,031 32,399 15,005 15,646 24,389 20,589 Short-term external debt -471 1,952 16,281 10,996 7,728 2,782 9,845 21,604 Interest payments 4,232 4,539 4,989 7,307 7,287 5,532 5,392 7,039 Long-term external debt 4,007 4,196 4,524 5,488 5,716 4,939 4,672 6,192 IMF charges 40 29 42 37 9 14 20 7 Short-term external debt 185 314 424 1,782 1,563 579 700 841 2. Other non-debt resource inflows Foreign direct investment 3,584 7,269 20,029 25,228 43,406 35,581 26,502 32,190 Portfolio equity 2,481 12,151 9,509 32,863 -15,030 24,689 30,442 -4,137 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.4 7.0 6.4 5.4 4.9 4.0 3.6 Japanese yen 12.6 20.0 20.3 19.1 23.0 20.3 20.0 19.6 Pound sterling 3.8 3.7 3.1 2.5 2.1 1.7 1.3 1.1 Swiss franc 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.2 U.S.dollars 66.3 65.6 66.1 67.3 64.4 67.6 69.7 70.5 4. Average terms of new commitments Official creditors Interest (%) 5.6 2.9 3.1 3.5 2.0 1.0 0.8 1.0 Maturity (years) 23.7 24.6 27.5 24.4 26.4 27.6 31.3 25.2 Grace period (years) 6.5 6.9 5.0 6.2 5.3 6.5 8.4 5.0 Private creditors Interest (%) 4.2 4.6 3.9 6.6 4.4 3.6 2.3 2.8 Maturity (years) 5.0 5.1 5.0 9.9 8.7 3.5 6.5 7.5 Grace period (years) 4.8 4.3 3.9 3.9 2.5 2.5 3.6 5.8 5. Major economic aggregates Gross national income (GNI) 469,716 828,318 941,772 1,233,606 1,216,938 1,353,069 1,667,007 1,830,516 Exports of goods, services & prim. income 62,453 160,228 201,515 252,732 320,713 274,580 359,585 446,750 Personal transfers & comp. of employees 12,883 22,125 28,334 37,217 49,977 49,204 53,480 63,818 Imports of goods, services & prim. income 80,489 194,154 239,531 297,951 400,437 349,529 463,969 568,362 Primary income on FDI 0 5,244 7,738 10,910 11,989 12,279 15,344 16,787 Current account balance -4,601 -10,284 -9,299 -8,076 -30,972 -26,186 -52,275 -60,038 International reserves 37,902 131,924 170,738 266,988 247,419 265,182 275,277 271,285 6. Ratios External debt stocks to exports (%) 161.9 75.6 79.2 80.7 70.8 93.3 80.7 74.8 External debt stocks to GNI (%) 21.5 14.6 16.9 16.5 18.7 18.9 17.4 18.3 Debt service to exports (%) 17.5 14.9 8.6 15.6 9.7 6.0 6.8 6.5 Short-term to external debt stocks (%) 3.4 7.3 15.7 17.7 19.3 18.2 19.4 23.3 Multilateral to external debt stocks (%) 30.1 25.9 21.6 18.2 17.4 16.5 16.0 14.6 Reserves to external debt stocks (%) 37.5 108.9 107.0 130.9 109.0 103.5 94.8 81.1 Reserves to imports (months) 5.7 8.2 8.6 10.8 7.4 9.1 7.1 5.7 156 INDIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 96,781 111,406 133,404 166,836 182,173 203,390 227,776 250,171 Public and publicly guaranteed 81,195 54,726 60,043 69,855 76,248 85,210 100,487 107,857 Official creditors 51,720 50,050 52,915 57,306 62,550 65,883 72,653 75,711 Multilateral 30,454 31,422 34,384 37,202 39,417 42,335 46,519 48,841 of which: IBRD 7,078 5,276 6,007 6,680 7,429 8,382 11,180 11,524 IDA 18,888 22,728 24,433 25,319 25,365 26,050 25,888 26,605 Bilateral 21,266 18,628 18,532 20,104 23,133 23,548 26,134 26,870 Private creditors 29,475 4,676 7,128 12,549 13,698 19,327 27,833 32,147 of which: Bonds 10,240 1,360 2,213 4,664 4,520 9,521 14,700 16,517 Commercial banks 18,071 3,155 4,777 7,630 8,889 9,545 12,863 15,375 Private nonguaranteed 15,586 56,680 73,361 96,980 105,925 118,180 127,290 142,314 of which: Bonds 1,515 5,761 10,254 15,327 14,732 15,326 13,217 10,861 Disbursements 10,556 19,380 32,443 64,496 38,690 26,631 43,403 42,727 Public and publicly guaranteed 10,256 6,630 8,378 16,010 18,802 10,380 24,335 13,520 Official creditors 3,270 3,824 3,723 4,663 5,895 5,956 8,554 6,507 Multilateral 2,358 2,811 2,732 3,184 3,701 4,157 6,237 4,303 of which: IBRD 706 863 979 1,003 1,122 1,408 3,334 983 IDA 1,054 1,290 1,005 802 961 1,263 1,067 1,700 Bilateral 912 1,013 991 1,479 2,195 1,798 2,317 2,204 Private creditors 6,986 2,805 4,655 11,347 12,907 4,425 15,781 7,012 of which: Bonds 5,520 1,714 2,452 7,389 11,507 1,765 11,050 2,028 Commercial banks 867 1,091 2,203 3,831 1,400 2,660 4,731 4,984 Private nonguaranteed 300 12,751 24,066 48,486 19,888 16,250 19,069 29,207 of which: Bonds 0 2,920 4,549 7,793 594 2,473 1,288 737 Principal repayments 6,702 19,384 12,412 32,097 23,685 10,985 19,014 22,138 Public and publicly guaranteed 6,454 12,469 4,796 8,842 13,447 5,331 5,160 6,734 Official creditors 3,493 2,700 2,599 2,391 3,000 2,916 3,154 3,876 Multilateral 1,740 948 1,150 1,197 1,344 1,473 1,658 1,881 of which: IBRD 994 210 259 346 390 455 539 641 IDA 367 607 653 700 764 799 835 893 Bilateral 1,754 1,751 1,448 1,194 1,656 1,444 1,497 1,996 Private creditors 2,960 9,770 2,197 6,451 10,448 2,415 2,006 2,857 of which: Bonds 0 8,457 1,597 5,313 9,468 588 148 200 Commercial banks 2,737 1,182 578 1,120 960 1,803 1,838 2,631 Private nonguaranteed 249 6,914 7,617 23,255 10,238 5,654 13,854 15,405 of which: Bonds 35 117 57 409 880 1,679 1,851 2,847 Interest payments 4,007 4,196 4,524 5,488 5,716 4,939 4,672 6,192 Public and publicly guaranteed 3,378 3,022 1,291 1,450 1,522 1,319 1,060 1,196 Official creditors 1,436 1,062 1,077 1,173 1,162 1,009 795 862 Multilateral 835 456 646 780 745 557 361 389 of which: IBRD 428 159 280 356 313 213 86 100 IDA 139 187 185 189 201 186 189 208 Bilateral 602 605 430 393 417 451 434 473 Private creditors 1,941 1,960 214 277 360 310 265 334 of which: Bonds 143 1,799 40 41 61 60 39 51 Commercial banks 1,736 152 169 230 293 244 221 278 Private nonguaranteed 630 1,174 3,233 4,038 4,194 3,620 3,612 4,996 of which: Bonds 224 141 217 330 278 290 421 848 8. Debt stock-flow reconciliation Total change in external debt stocks 1,067 -2,449 38,330 44,479 23,038 29,186 34,122 43,980 Net flows on external debt 3,358 1,949 36,312 43,395 22,734 18,427 34,234 42,193 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 5,540 5,895 6,153 6,235 6,449 6,501 6,357 6,222 Interest 1,166 1,150 1,105 1,054 993 919 835 747 Private creditors Principal 21,573 19,554 19,743 16,416 17,297 13,847 12,163 10,374 Interest 7,427 6,637 5,879 5,110 4,365 3,639 3,001 2,448 Notes: External debt data prior to 2003 are revised from fiscal year to calendar year. Long-term public and publicly guaranteed bonds include Foreign Institutional Investor debt (FII) as reported by the Reserve Bank of India. Long-term private nonguaranteed debt data are reported by the country. 157 INDONESIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 143,655 141,820 135,959 147,854 157,906 179,394 195,172 213,541 Long-term external debt 110,818 122,649 123,392 128,821 137,050 152,240 159,075 172,327 Public and publicly guaranteed 69,649 77,405 76,625 80,315 87,753 97,447 100,292 102,552 Private nonguaranteed 41,169 45,244 46,766 48,507 49,297 54,793 58,783 69,775 Use of IMF credit 11,149 8,148 359 378 368 3,105 3,050 3,041 Short-term external debt 21,688 11,023 12,208 18,655 20,488 24,050 33,047 38,173 interest arrears on long-term 4,632 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 3,000 148 0 0 0 0 0 0 Long-term public sector debt 69,649 77,405 76,625 80,315 87,753 97,447 100,292 102,552 Long-term private sector debt 41,169 45,244 46,766 48,507 49,297 54,793 58,783 69,775 Public & publicly guaranteed commitments 2,221 4,561 4,727 5,880 9,720 14,862 7,985 6,643 External debt flows Disbursements 6,774 13,881 18,472 18,272 22,932 31,425 31,240 36,699 Long-term external debt 5,651 13,881 18,472 18,272 22,932 31,425 31,240 36,699 IMF purchases 1,123 0 0 0 0 0 0 0 Principal repayments 9,268 16,891 24,463 18,811 16,704 20,432 23,975 25,115 Long-term external debt 9,268 15,746 16,426 18,811 16,704 20,432 23,975 25,115 IMF repurchases 0 1,145 8,037 0 0 0 0 0 Net flows -1,967 -6,611 -4,806 5,908 8,061 14,554 16,263 16,710 Long-term external debt -3,617 -1,865 2,046 -539 6,229 10,993 7,265 11,584 Short-term external debt 527 -3,602 1,186 6,447 1,833 3,561 8,998 5,126 Interest payments 7,370 3,367 3,856 5,150 4,674 4,466 5,367 6,126 Long-term external debt 5,673 2,933 3,416 4,996 4,461 4,301 4,944 5,749 IMF charges 540 323 307 13 3 7 10 3 Short-term external debt 1,157 111 134 141 210 159 414 373 2. Other non-debt resource inflows Foreign direct investment -4,550 8,336 4,914 6,928 9,318 4,877 13,771 18,160 Portfolio equity -1,021 -165 1,898 3,559 322 787 2,132 -326 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 12.8 13.3 13.1 10.5 8.8 7.2 6.3 Japanese yen 33.1 32.3 31.2 30.0 33.2 28.6 31.5 31.3 Pound sterling 1.2 2.1 1.8 1.6 1.0 0.9 0.7 0.6 Swiss franc 0.6 0.6 0.5 0.5 0.4 0.3 0.3 0.3 U.S.dollars 50.3 43.6 40.8 40.1 41.4 45.6 47.0 48.5 4. Average terms of new commitments Official creditors Interest (%) 2.9 3.9 3.9 2.8 1.9 1.7 1.0 0.9 Maturity (years) 24.5 23.5 25.7 25.0 20.4 22.2 22.2 23.7 Grace period (years) 6.8 6.1 6.7 7.5 6.9 5.5 7.8 7.5 Private creditors Interest (%) 6.6 6.9 7.2 6.4 6.9 9.6 4.5 4.5 Maturity (years) 7.7 14.6 20.9 27.4 18.0 8.0 9.8 9.1 Grace period (years) 4.4 12.8 18.3 26.6 17.4 7.7 9.1 8.9 5. Major economic aggregates Gross national income (GNI) 150,317 271,958 349,038 414,441 492,112 520,694 688,119 822,696 Exports of goods, services & prim. income 73,079 97,017 112,422 127,333 151,202 128,415 168,687 215,433 Personal transfers & comp. of employees 1,190 5,420 5,722 6,174 6,794 6,793 6,916 6,924 Imports of goods, services & prim. income 66,903 101,533 106,426 121,945 156,440 122,364 168,173 217,575 Primary income on FDI 3,574 9,525 9,637 10,813 10,675 8,848 12,844 17,122 Current account balance 7,992 278 10,859 10,493 125 10,628 5,144 2,070 International reserves 28,502 33,140 41,103 54,976 49,597 63,563 92,908 106,539 6. Ratios External debt stocks to exports (%) 196.6 146.2 120.9 116.1 104.4 139.7 115.7 99.1 External debt stocks to GNI (%) 95.6 52.1 39.0 35.7 32.1 34.5 28.4 26.0 Debt service to exports (%) 22.8 20.9 25.2 18.8 14.1 19.4 17.4 14.5 Short-term to external debt stocks (%) 15.1 7.8 9.0 12.6 13.0 13.4 16.9 17.9 Multilateral to external debt stocks (%) 13.9 13.1 13.4 12.6 12.6 11.7 11.6 10.7 Reserves to external debt stocks (%) 19.8 23.4 30.2 37.2 31.4 35.4 47.6 49.9 Reserves to imports (months) 5.1 3.9 4.6 5.4 3.8 6.2 6.6 5.9 158 INDONESIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 110,818 122,649 123,392 128,821 137,050 152,240 159,075 172,327 Public and publicly guaranteed 69,649 77,405 76,625 80,315 87,753 97,447 100,292 102,552 Official creditors 54,883 59,945 58,422 58,720 63,184 63,259 66,487 66,481 Multilateral 19,904 18,514 18,246 18,611 19,962 21,052 22,567 22,842 of which: IBRD 11,715 8,132 7,423 6,821 6,968 7,876 9,054 9,717 IDA 714 1,001 1,318 1,550 2,006 2,234 2,313 2,277 Bilateral 34,979 41,431 40,176 40,109 43,222 42,207 43,920 43,639 Private creditors 14,766 17,460 18,203 21,595 24,569 34,188 33,805 36,071 of which: Bonds 971 7,192 11,246 14,668 18,451 25,833 26,252 29,288 Commercial banks 10,489 8,062 5,090 5,168 4,640 5,810 5,313 4,800 Private nonguaranteed 41,169 45,244 46,766 48,507 49,297 54,793 58,783 69,775 of which: Bonds 6,337 7,858 8,166 6,791 6,592 7,856 7,786 14,268 Disbursements 5,651 13,881 18,472 18,272 22,932 31,425 31,240 36,699 Public and publicly guaranteed 3,301 5,015 7,121 6,031 9,065 12,729 11,250 6,974 Official creditors 3,038 2,581 3,798 3,756 4,602 6,142 6,587 3,731 Multilateral 1,750 1,667 1,876 2,134 2,842 3,020 3,186 1,987 of which: IBRD 1,051 585 696 767 1,398 2,044 2,078 1,322 IDA 59 67 315 219 494 244 142 33 Bilateral 1,288 914 1,922 1,622 1,761 3,122 3,401 1,744 Private creditors 263 2,434 3,323 2,275 4,463 6,587 4,663 3,244 of which: Bonds 0 2,095 1,930 1,425 4,080 3,893 2,545 2,980 Commercial banks 258 264 947 552 378 1,656 1,185 262 Private nonguaranteed 2,350 8,866 11,351 12,240 13,867 18,695 19,990 29,724 of which: Bonds 350 194 144 486 368 1,808 195 410 Principal repayments 9,268 15,746 16,426 18,811 16,704 20,432 23,975 25,115 Public and publicly guaranteed 3,868 6,232 6,925 8,062 6,482 7,063 5,846 6,083 Official creditors 1,586 3,539 5,365 6,781 5,729 6,134 5,214 5,105 Multilateral 1,116 1,957 1,976 1,971 1,920 1,910 1,819 1,781 of which: IBRD 761 1,390 1,403 1,369 1,252 1,135 900 659 IDA 26 27 27 27 27 31 32 63 Bilateral 470 1,583 3,389 4,810 3,809 4,224 3,395 3,323 Private creditors 2,282 2,692 1,560 1,281 753 929 632 978 of which: Bonds 0 310 252 212 0 0 0 0 Commercial banks 2,107 1,679 982 679 594 767 476 725 Private nonguaranteed 5,400 9,515 9,501 10,749 10,221 13,368 18,129 19,032 of which: Bonds 2,400 267 257 432 261 588 411 1,771 Interest payments 5,673 2,933 3,416 4,996 4,461 4,301 4,944 5,749 Public and publicly guaranteed 3,738 1,921 2,118 2,730 2,718 2,802 3,034 3,697 Official creditors 2,575 1,189 1,712 2,042 1,968 1,693 1,586 1,491 Multilateral 1,383 865 832 861 789 584 514 468 of which: IBRD 950 481 425 435 370 249 291 267 IDA 5 9 10 11 13 15 16 18 Bilateral 1,192 324 880 1,180 1,179 1,109 1,071 1,024 Private creditors 1,163 732 406 689 751 1,109 1,448 2,206 of which: Bonds 72 136 97 331 439 837 1,225 1,883 Commercial banks 871 510 195 251 220 187 148 202 Private nonguaranteed 1,935 1,012 1,298 2,266 1,743 1,499 1,910 2,052 of which: Bonds 735 113 184 202 89 31 81 1,150 8. Debt stock-flow reconciliation Total change in external debt stocks -8,133 4,332 -5,861 11,895 10,052 21,488 15,778 18,369 Net flows on external debt -1,967 -6,611 -4,806 5,908 8,061 14,554 16,263 16,710 9. Debt restructurings Total amount rescheduled 2,461 2,608 0 0 0 0 0 0 Total amount forgiven 0 0 92 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 5,941 6,181 5,866 5,582 5,152 4,670 4,529 4,502 Interest 1,408 1,274 1,123 979 846 730 628 532 Private creditors Principal 17,843 12,141 13,896 9,232 6,828 6,740 6,299 6,734 Interest 5,880 5,068 4,320 3,652 3,176 2,742 2,252 1,929 Notes: Long-term private nonguaranteed debt data might include short-term debt data until 2005 and are revised based on reports provided by the country from 2006. 159 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 8,024 21,559 20,597 21,466 15,743 18,265 20,041 19,113 Long-term external debt 4,709 10,521 11,128 11,174 8,779 7,313 6,167 4,859 Public and publicly guaranteed 4,709 10,521 11,128 11,174 8,779 7,313 6,167 4,859 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 308 352 369 401 365 2,165 2,261 2,209 Short-term external debt 3,008 10,686 9,100 9,891 6,599 8,787 11,613 12,045 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 40 Long-term public sector debt 4,689 10,512 11,121 11,168 8,776 7,303 6,154 4,851 Long-term private sector debt 20 10 7 6 3 9 13 8 Public & publicly guaranteed commitments 2,813 1,992 797 0 35 44 21 2 External debt flows Disbursements 1,469 2,751 1,724 1,142 787 400 244 216 Long-term external debt 1,469 2,751 1,724 1,142 787 400 244 216 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,345 1,734 1,718 2,009 2,134 2,050 1,544 1,354 Long-term external debt 2,345 1,734 1,718 2,009 2,134 2,050 1,544 1,354 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -1,485 1,450 -1,580 -76 -4,639 539 1,526 -705 Long-term external debt -876 1,017 6 -867 -1,347 -1,649 -1,300 -1,137 Short-term external debt -609 433 -1,586 791 -3,292 2,188 2,826 432 Interest payments 585 1,058 1,152 935 683 379 277 284 Long-term external debt 391 419 509 572 499 274 137 108 IMF charges 14 10 15 13 3 5 7 2 Short-term external debt 180 628 628 350 181 99 133 174 2. Other non-debt resource inflows Foreign direct investment 39 3,136 1,647 2,005 1,909 3,048 3,648 4,150 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 52.3 55.9 58.8 56.6 56.1 55.4 52.6 Japanese yen 9.4 8.1 6.8 6.9 7.4 7.7 7.8 7.1 Pound sterling 0.6 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 3.9 4.4 3.6 3.4 2.7 2.5 2.4 2.3 U.S.dollars 68.3 34.9 33.4 30.7 33.1 33.5 34.2 38.0 4. Average terms of new commitments Official creditors Interest (%) 4.9 4.4 5.9 0.0 0.0 3.9 0.0 0.0 Maturity (years) 13.6 15.0 11.8 0.0 0.0 6.5 0.0 0.0 Grace period (years) 4.4 4.4 3.8 0.0 0.0 2.4 0.0 0.0 Private creditors Interest (%) 6.6 4.9 6.0 0.0 5.6 5.4 4.4 7.8 Maturity (years) 10.9 10.2 10.0 0.0 6.7 6.0 7.2 7.6 Grace period (years) 2.9 2.6 2.5 0.0 2.2 1.5 2.7 0.8 5. Major economic aggregates Gross national income (GNI) 101,335 188,503 219,296 283,000 335,654 328,593 .. .. Exports of goods, services & prim. income 30,131 .. .. .. .. .. .. .. Personal transfers & comp. of employees 536 1,032 1,032 1,115 1,115 1,072 1,181 1,330 Imports of goods, services & prim. income 18,107 .. .. .. .. .. .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance 12,481 .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 26.6 .. .. .. .. .. .. .. External debt stocks to GNI (%) 7.9 11.4 9.4 7.6 4.7 5.6 .. .. Debt service to exports (%) 9.7 .. .. .. .. .. .. .. Short-term to external debt stocks (%) 37.5 49.6 44.2 46.1 41.9 48.1 57.9 63.0 Multilateral to external debt stocks (%) 6.3 1.8 2.7 3.3 4.8 4.7 4.1 4.0 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 160 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 4,709 10,521 11,128 11,174 8,779 7,313 6,167 4,859 Public and publicly guaranteed 4,709 10,521 11,128 11,174 8,779 7,313 6,167 4,859 Official creditors 1,664 2,045 2,284 2,436 2,385 2,266 2,019 1,636 Multilateral 507 381 559 699 761 854 830 758 of which: IBRD 481 378 559 699 761 836 801 739 IDA 0 0 0 0 0 0 0 0 Bilateral 1,157 1,663 1,725 1,737 1,624 1,412 1,189 878 Private creditors 3,045 8,477 8,844 8,738 6,394 5,047 4,147 3,223 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1,043 4,042 4,536 4,800 3,669 2,931 2,485 2,052 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,469 2,751 1,724 1,142 787 400 244 216 Public and publicly guaranteed 1,469 2,751 1,724 1,142 787 400 244 216 Official creditors 477 673 508 338 289 223 100 31 Multilateral 120 258 248 212 144 178 85 31 of which: IBRD 114 247 248 212 144 159 72 31 IDA 0 0 0 0 0 0 0 0 Bilateral 357 415 261 125 145 46 15 0 Private creditors 993 2,078 1,216 805 498 177 144 186 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 268 1,399 941 653 420 149 131 173 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 2,345 1,734 1,718 2,009 2,134 2,050 1,544 1,354 Public and publicly guaranteed 2,345 1,734 1,718 2,009 2,134 2,050 1,544 1,354 Official creditors 1,785 329 275 302 328 379 320 419 Multilateral 108 155 75 73 66 84 11 101 of which: IBRD 70 145 66 73 66 84 8 93 IDA 0 0 0 0 0 0 0 0 Bilateral 1,677 174 199 229 262 295 309 318 Private creditors 561 1,405 1,443 1,707 1,806 1,670 1,224 935 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 67 713 689 932 1,026 966 672 502 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 391 419 509 572 499 274 137 108 Public and publicly guaranteed 391 419 509 572 499 274 137 108 Official creditors 190 103 98 114 89 73 53 46 Multilateral 44 39 25 36 25 15 8 8 of which: IBRD 40 39 25 36 25 15 8 8 IDA 0 0 0 0 0 0 0 0 Bilateral 146 63 73 78 64 57 45 38 Private creditors 202 316 410 458 410 202 84 62 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 82 155 220 264 235 119 48 36 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -1,650 935 -962 869 -5,723 2,522 1,776 -927 Net flows on external debt -1,485 1,450 -1,580 -76 -4,639 539 1,526 -705 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 507 288 241 170 153 112 90 78 Interest 33 24 17 12 9 6 4 3 Private creditors Principal 1,440 860 505 311 158 46 7 0 Interest 48 28 15 7 2 0 0 0 Notes: Fiscal year-end for external debt data is March. Short-term debt is based on Central Bank data. 161 JAMAICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,789 6,602 8,138 10,514 10,429 11,122 14,193 14,350 Long-term external debt 3,883 5,927 6,974 8,911 9,103 9,958 11,911 12,109 Public and publicly guaranteed 3,780 5,537 6,163 6,738 6,939 6,718 7,604 7,766 Private nonguaranteed 103 390 811 2,173 2,164 3,241 4,307 4,343 Use of IMF credit 113 58 61 64 63 410 1,188 1,234 Short-term external debt 793 617 1,103 1,539 1,263 754 1,094 1,008 interest arrears on long-term 150 225 261 284 267 229 219 217 Memorandum items Principal arrears on long-term 131 146 219 157 146 176 153 154 Long-term public sector debt 3,778 5,536 6,161 6,737 6,938 6,716 7,603 7,765 Long-term private sector debt 104 391 813 2,174 2,165 3,242 4,308 4,344 Public & publicly guaranteed commitments 1,066 1,123 916 809 760 989 1,346 949 External debt flows Disbursements 904 1,351 1,225 2,409 709 1,547 3,138 1,256 Long-term external debt 904 1,351 1,225 2,409 709 1,547 2,360 1,206 IMF purchases 0 0 0 0 0 0 778 50 Principal repayments 444 551 316 594 468 730 344 723 Long-term external debt 424 550 316 594 468 730 344 723 IMF repurchases 19 1 0 0 0 0 0 0 Net flows 440 321 1,359 2,228 -18 346 3,144 449 Long-term external debt 480 801 909 1,815 241 817 2,016 483 Short-term external debt -21 -479 450 413 -259 -471 350 -84 Interest payments 264 421 515 720 702 757 845 926 Long-term external debt 208 387 474 658 674 747 828 900 IMF charges 6 2 2 2 1 1 8 13 Short-term external debt 49 32 39 60 27 10 9 13 2. Other non-debt resource inflows Foreign direct investment 468 638 842 812 1,377 485 186 242 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 18.0 20.5 22.2 20.2 17.3 14.8 10.3 Japanese yen 7.1 3.4 2.8 2.4 2.7 2.5 2.5 2.2 Pound sterling 2.0 1.5 1.4 1.2 0.5 0.6 0.5 0.4 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 61.5 70.0 69.9 69.8 72.7 76.3 79.5 84.3 4. Average terms of new commitments Official creditors Interest (%) 6.1 4.1 1.7 3.2 4.1 3.7 1.4 0.8 Maturity (years) 19.8 22.0 17.5 19.8 23.3 16.5 20.4 19.8 Grace period (years) 5.4 5.7 15.8 5.1 5.7 4.2 5.2 7.0 Private creditors Interest (%) 11.0 8.2 7.9 7.7 7.5 2.9 0.0 8.6 Maturity (years) 6.0 12.8 20.4 27.2 10.8 11.2 0.0 11.8 Grace period (years) 4.2 10.6 15.2 23.0 8.2 1.4 0.0 10.7 5. Major economic aggregates Gross national income (GNI) 8,662 10,595 11,678 12,530 12,841 11,822 13,342 14,519 Exports of goods, services & prim. income 3,782 4,322 5,161 5,590 6,027 4,273 4,248 4,513 Personal transfers & comp. of employees 892 1,762 1,924 2,122 2,157 1,889 2,026 2,158 Imports of goods, services & prim. income 4,970 6,972 8,092 9,668 10,970 7,259 7,192 8,624 Primary income on FDI 290 454 376 533 376 232 127 0 Current account balance -367 -1,071 -1,183 -2,038 -2,793 -1,128 -934 -2,069 International reserves 1,054 2,170 2,318 1,879 1,773 2,076 2,501 2,282 6. Ratios External debt stocks to exports (%) 126.6 152.8 157.7 188.1 173.0 260.3 334.1 318.0 External debt stocks to GNI (%) 55.3 62.3 69.7 83.9 81.2 94.1 106.4 98.8 Debt service to exports (%) 18.7 22.5 16.1 23.5 19.4 34.8 28.0 36.5 Short-term to external debt stocks (%) 16.6 9.3 13.6 14.6 12.1 6.8 7.7 7.0 Multilateral to external debt stocks (%) 25.7 20.2 16.0 12.0 12.8 13.7 16.6 17.6 Reserves to external debt stocks (%) 22.0 32.9 28.5 17.9 17.0 18.7 17.6 15.9 Reserves to imports (months) 2.5 3.7 3.4 2.3 1.9 3.4 4.2 3.2 162 JAMAICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,883 5,927 6,974 8,911 9,103 9,958 11,911 12,109 Public and publicly guaranteed 3,780 5,537 6,163 6,738 6,939 6,718 7,604 7,766 Official creditors 2,461 2,131 2,169 2,277 2,301 2,417 3,267 3,223 Multilateral 1,230 1,336 1,300 1,262 1,338 1,522 2,350 2,521 of which: IBRD 415 410 387 360 327 398 579 669 IDA 0 0 0 0 0 0 0 0 Bilateral 1,231 795 868 1,014 963 895 917 702 Private creditors 1,320 3,406 3,994 4,462 4,638 4,301 4,337 4,543 of which: Bonds 1,004 3,043 3,568 4,050 4,218 3,890 3,786 4,027 Commercial banks 265 323 391 367 384 369 508 479 Private nonguaranteed 103 390 811 2,173 2,164 3,241 4,307 4,343 of which: Bonds 0 300 730 2,130 2,130 3,215 4,290 4,290 Disbursements 904 1,351 1,225 2,409 709 1,547 2,360 1,206 Public and publicly guaranteed 904 1,044 795 1,009 709 462 1,285 1,168 Official creditors 311 91 243 284 281 358 1,075 416 Multilateral 255 67 82 93 219 336 971 300 of which: IBRD 98 17 18 19 13 120 222 126 IDA 0 0 0 0 0 0 0 0 Bilateral 57 24 161 192 62 22 104 116 Private creditors 593 953 552 725 428 104 210 753 of which: Bonds 553 875 450 625 350 0 0 694 Commercial banks 24 76 97 83 78 94 198 57 Private nonguaranteed 0 307 430 1,400 0 1,085 1,075 37 of which: Bonds 0 300 430 1,400 0 1,085 1,075 0 Principal repayments 424 550 316 594 468 730 344 723 Public and publicly guaranteed 361 542 307 571 460 721 335 721 Official creditors 274 232 249 247 263 257 211 194 Multilateral 123 119 137 155 148 153 136 124 of which: IBRD 60 39 43 48 47 49 41 36 IDA 0 0 0 0 0 0 0 0 Bilateral 151 113 112 92 116 103 75 70 Private creditors 87 310 58 325 196 465 124 527 of which: Bonds 13 256 0 229 138 345 68 438 Commercial banks 47 44 44 86 51 114 49 81 Private nonguaranteed 64 9 9 22 9 9 9 2 of which: Bonds 55 0 0 0 0 0 0 0 Interest payments 208 387 474 658 674 747 828 900 Public and publicly guaranteed 195 362 423 473 481 522 488 492 Official creditors 120 84 91 91 81 96 100 109 Multilateral 65 63 67 69 62 59 51 61 of which: IBRD 22 19 22 22 19 15 12 11 IDA 0 0 0 0 0 0 0 0 Bilateral 55 21 24 22 19 37 49 48 Private creditors 75 277 332 382 400 426 388 383 of which: Bonds 50 265 325 373 392 404 375 369 Commercial banks 18 11 6 8 7 21 12 14 Private nonguaranteed 13 26 51 185 193 225 341 408 of which: Bonds 2 21 45 181 191 224 340 406 8. Debt stock-flow reconciliation Total change in external debt stocks 794 78 1,536 2,376 -85 693 3,071 157 Net flows on external debt 440 321 1,359 2,228 -18 346 3,144 449 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 4 2 3 2 6 0 5 285 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 241 228 187 237 268 264 249 225 Interest 71 67 63 59 54 49 43 38 Private creditors Principal 838 227 906 1,941 262 1,559 1,097 309 Interest 777 705 648 524 432 352 231 167 Notes: Short-term debt is based on data from the BIS. 163 JORDAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 11,063 12,904 13,982 14,991 13,969 14,427 16,737 17,634 Long-term external debt 6,183 6,901 7,198 7,433 5,319 5,643 7,041 7,496 Public and publicly guaranteed 6,183 6,878 7,143 7,321 5,126 5,445 6,518 6,349 Private nonguaranteed 0 24 55 112 193 198 522 1,147 Use of IMF credit 484 260 184 114 54 266 257 257 Short-term external debt 4,396 5,742 6,600 7,444 8,596 8,518 9,439 9,881 interest arrears on long-term 102 0 1 0 0 0 1 1 Memorandum items Principal arrears on long-term 281 17 36 34 34 17 17 19 Long-term public sector debt 6,148 6,790 7,000 7,172 4,978 5,306 6,385 6,223 Long-term private sector debt 35 111 197 262 341 337 656 1,273 Public & publicly guaranteed commitments 384 337 159 220 427 915 1,226 126 External debt flows Disbursements 196 434 327 272 330 787 1,539 575 Long-term external debt 176 434 327 272 330 787 1,539 575 IMF purchases 20 0 0 0 0 0 0 0 Principal repayments 340 443 459 511 2,489 441 502 581 Long-term external debt 308 366 371 435 2,430 425 499 581 IMF repurchases 31 77 88 76 59 16 4 0 Net flows 3,371 325 725 605 -1,007 268 1,957 437 Long-term external debt -132 68 -44 -163 -2,100 362 1,041 -6 Short-term external debt 3,515 335 858 844 1,152 -78 920 443 Interest payments 504 443 578 619 385 281 277 351 Long-term external debt 239 161 198 231 207 155 162 190 IMF charges 25 11 11 8 3 1 1 0 Short-term external debt 240 271 368 379 175 125 114 161 2. Other non-debt resource inflows Foreign direct investment 913 1,984 3,544 2,622 2,827 2,413 1,651 1,469 Portfolio equity -17 169 144 346 521 -30 -20 109 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 21.1 23.3 24.1 12.6 12.0 9.3 9.0 Japanese yen 27.5 20.1 18.3 17.8 29.9 25.9 22.6 22.1 Pound sterling 3.4 8.9 9.3 9.3 0.0 0.0 0.0 0.0 Swiss franc 0.4 1.1 0.7 0.7 0.3 0.3 0.2 0.2 U.S.dollars 29.3 26.4 25.9 25.3 24.8 31.1 37.3 37.7 4. Average terms of new commitments Official creditors Interest (%) 4.8 2.9 3.4 4.6 3.4 2.1 2.0 1.6 Maturity (years) 19.7 23.6 21.1 20.5 20.8 18.1 13.5 9.3 Grace period (years) 6.4 6.0 5.8 6.0 5.7 4.6 4.0 3.8 Private creditors Interest (%) 0.0 0.0 0.2 0.0 0.0 0.0 3.9 0.0 Maturity (years) 0.0 0.0 34.3 0.0 0.0 0.0 5.0 0.0 Grace period (years) 0.0 0.0 11.3 0.0 0.0 0.0 4.9 0.0 5. Major economic aggregates Gross national income (GNI) 8,564 12,925 15,510 17,794 22,667 24,327 26,334 28,660 Exports of goods, services & prim. income 4,207 7,426 9,144 10,684 13,751 12,022 13,639 13,897 Personal transfers & comp. of employees 1,845 2,500 2,883 3,434 3,794 3,597 3,641 3,453 Imports of goods, services & prim. income 6,363 12,314 13,810 16,421 19,869 17,044 19,344 21,648 Primary income on FDI 33 74 130 160 256 313 814 713 Current account balance 27 -2,272 -1,726 -2,875 -2,054 -1,244 -1,882 -2,885 International reserves 3,331 5,250 6,722 7,542 8,562 11,689 13,057 11,467 6. Ratios External debt stocks to exports (%) 263.0 173.8 152.9 140.3 101.6 120.0 122.7 126.9 External debt stocks to GNI (%) 129.2 99.8 90.1 84.2 61.6 59.3 63.6 61.5 Debt service to exports (%) 20.1 11.9 11.3 10.6 20.9 6.0 5.7 6.7 Short-term to external debt stocks (%) 39.7 44.5 47.2 49.7 61.5 59.0 56.4 56.0 Multilateral to external debt stocks (%) 15.4 14.8 14.0 13.2 14.0 16.4 15.1 13.6 Reserves to external debt stocks (%) 30.1 40.7 48.1 50.3 61.3 81.0 78.0 65.0 Reserves to imports (months) 6.3 5.1 5.8 5.5 5.2 8.2 8.1 6.4 164 JORDAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 6,183 6,901 7,198 7,433 5,319 5,643 7,041 7,496 Public and publicly guaranteed 6,183 6,878 7,143 7,321 5,126 5,445 6,518 6,349 Official creditors 5,243 6,483 6,757 6,951 4,815 5,137 5,454 5,294 Multilateral 1,706 1,905 1,961 1,986 1,956 2,361 2,528 2,398 of which: IBRD 798 925 897 868 835 1,074 1,008 927 IDA 57 45 42 39 37 34 32 29 Bilateral 3,537 4,578 4,796 4,965 2,859 2,776 2,926 2,895 Private creditors 940 395 386 371 311 308 1,065 1,055 of which: Bonds 583 145 145 145 145 145 895 895 Commercial banks 1 0 0 0 6 12 24 23 Private nonguaranteed 0 24 55 112 193 198 522 1,147 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 176 434 327 272 330 787 1,539 575 Public and publicly guaranteed 176 434 277 190 230 762 1,389 325 Official creditors 176 269 277 190 224 756 627 325 Multilateral 80 161 194 133 158 630 429 192 of which: IBRD 38 48 43 39 41 335 33 25 IDA 0 0 0 0 0 0 0 0 Bilateral 96 108 83 57 67 126 198 133 Private creditors 0 165 0 0 6 6 762 0 of which: Bonds 0 145 0 0 0 0 750 0 Commercial banks 0 0 0 0 6 6 12 0 Private nonguaranteed 0 0 50 82 100 25 150 250 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 308 366 371 435 2,430 425 499 581 Public and publicly guaranteed 308 341 353 409 2,412 405 473 556 Official creditors 238 323 342 394 2,341 396 463 545 Multilateral 124 170 168 174 185 202 275 327 of which: IBRD 53 73 78 78 86 95 101 107 IDA 3 3 3 3 3 3 3 3 Bilateral 114 153 173 220 2,156 194 188 218 Private creditors 70 19 11 16 71 9 10 12 of which: Bonds 10 10 0 0 0 0 0 0 Commercial banks 19 0 0 0 0 0 0 0 Private nonguaranteed 0 25 19 25 19 20 26 25 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 239 161 198 231 207 155 162 190 Public and publicly guaranteed 239 160 196 227 200 147 147 170 Official creditors 162 157 182 212 185 134 124 129 Multilateral 91 76 90 97 88 77 68 69 of which: IBRD 53 33 45 50 38 28 14 12 IDA 0 0 0 0 0 0 0 0 Bilateral 71 81 92 116 97 57 57 60 Private creditors 77 4 14 15 15 12 22 41 of which: Bonds 43 0 9 9 9 9 19 39 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 1 2 4 7 8 15 20 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 2,956 -144 1,078 1,009 -1,022 458 2,310 897 Net flows on external debt 3,371 325 725 605 -1,007 268 1,957 437 9. Debt restructurings Total amount rescheduled 194 220 208 196 0 0 0 0 Total amount forgiven 63 0 0 0 246 0 0 0 Debt buyback 85 0 0 0 2,038 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 668 545 513 485 432 406 392 355 Interest 135 122 110 97 85 75 66 56 Private creditors Principal 338 232 204 874 102 81 71 206 Interest 91 77 65 58 24 19 16 13 Notes: Long-term private nonguaranteed debt data are revised from 2001 based on reports provided by the country. Short-term debt is based on data from the BIS. 165 KAZAKHSTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 12,890 43,906 72,857 96,298 106,755 112,027 119,190 124,437 Long-term external debt 11,481 35,263 61,467 84,159 96,715 102,210 109,751 114,977 Public and publicly guaranteed 3,623 2,177 2,136 1,698 1,915 2,487 3,845 4,675 Private nonguaranteed 7,859 33,087 59,331 82,462 94,800 99,724 105,905 110,301 Use of IMF credit 448 491 517 543 529 539 529 528 Short-term external debt 961 8,151 10,873 11,596 9,511 9,277 8,910 8,933 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 3,619 2,157 2,130 1,698 1,915 2,487 3,845 4,675 Long-term private sector debt 7,862 33,106 59,337 82,462 94,800 99,724 105,905 110,301 Public & publicly guaranteed commitments 688 159 30 0 174 3,550 1,340 565 External debt flows Disbursements 3,063 17,207 37,888 44,651 40,803 30,471 45,054 32,740 Long-term external debt 3,063 17,207 37,888 44,651 40,803 30,471 45,054 32,740 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,597 11,417 12,139 23,571 29,011 20,032 34,639 26,639 Long-term external debt 2,155 11,417 12,139 23,571 29,011 20,032 34,639 26,639 IMF repurchases 442 0 0 0 0 0 0 0 Net flows 1,061 9,999 28,471 21,803 9,706 10,205 10,048 6,124 Long-term external debt 908 5,790 25,749 21,080 11,792 10,438 10,415 6,101 Short-term external debt 595 4,209 2,722 722 -2,085 -233 -367 23 Interest payments 795 1,741 2,319 3,586 4,384 5,670 4,835 6,222 Long-term external debt 713 1,521 1,948 3,531 4,105 5,365 4,517 5,921 IMF charges 31 15 21 18 4 1 2 1 Short-term external debt 51 204 350 38 274 304 316 301 2. Other non-debt resource inflows Foreign direct investment 1,283 2,546 7,611 11,973 16,819 14,276 6,632 13,227 Portfolio equity 19 150 2,789 828 -1,280 38 132 39 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.9 2.1 2.6 1.9 1.4 0.8 0.6 Japanese yen 13.8 32.6 34.9 46.7 52.5 40.1 24.6 20.4 Pound sterling 0.6 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 61.2 53.9 53.5 46.8 42.1 55.9 73.1 77.8 4. Average terms of new commitments Official creditors Interest (%) 3.0 5.0 6.2 0.0 3.0 1.4 1.0 0.8 Maturity (years) 27.6 16.8 16.3 0.0 15.1 21.2 23.4 18.5 Grace period (years) 8.4 5.3 4.8 0.0 5.3 4.7 3.5 4.4 Private creditors Interest (%) 11.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 6.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 17,038 51,757 71,551 91,896 114,115 102,686 129,728 159,714 Exports of goods, services & prim. income 10,480 31,209 43,011 55,379 79,637 50,660 67,659 94,921 Personal transfers & comp. of employees 122 62 84 143 126 198 226 180 Imports of goods, services & prim. income 10,362 31,852 43,803 61,541 72,327 54,051 64,770 80,555 Primary income on FDI 1,046 4,633 7,694 11,305 16,956 10,415 16,508 23,548 Current account balance 366 -1,056 -1,999 -8,322 6,326 -4,114 2,409 14,110 International reserves 1,594 6,084 17,751 15,777 17,871 20,720 25,223 25,179 6. Ratios External debt stocks to exports (%) 123.0 140.7 169.4 173.9 134.1 221.1 176.2 131.1 External debt stocks to GNI (%) 75.7 84.8 101.8 104.8 93.5 109.1 91.9 77.9 Debt service to exports (%) 32.4 42.2 33.6 49.0 41.9 50.7 58.3 34.6 Short-term to external debt stocks (%) 7.5 18.6 14.9 12.0 8.9 8.3 7.5 7.2 Multilateral to external debt stocks (%) 11.5 2.0 1.1 0.7 0.7 1.2 2.3 2.9 Reserves to external debt stocks (%) 12.4 13.9 24.4 16.4 16.7 18.5 21.2 20.2 Reserves to imports (months) 1.8 2.3 4.9 3.1 3.0 4.6 4.7 3.8 166 KAZAKHSTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 11,481 35,263 61,467 84,159 96,715 102,210 109,751 114,977 Public and publicly guaranteed 3,623 2,177 2,136 1,698 1,915 2,487 3,845 4,675 Official creditors 2,239 1,780 1,762 1,684 1,912 2,486 3,845 4,675 Multilateral 1,482 869 823 711 748 1,349 2,785 3,627 of which: IBRD 1,057 599 502 427 463 547 1,830 2,308 IDA 0 0 0 0 0 0 0 0 Bilateral 757 911 939 973 1,164 1,137 1,060 1,048 Private creditors 1,384 396 374 13 3 1 0 0 of which: Bonds 1,000 350 350 0 0 0 0 0 Commercial banks 263 46 24 13 3 1 0 0 Private nonguaranteed 7,859 33,087 59,331 82,462 94,800 99,724 105,905 110,301 of which: Bonds 100 7,550 13,814 24,623 24,125 22,097 21,044 17,995 Disbursements 3,063 17,207 37,888 44,651 40,803 30,471 45,054 32,740 Public and publicly guaranteed 623 197 177 160 145 717 1,522 920 Official creditors 168 197 177 160 145 717 1,522 920 Multilateral 95 80 106 112 95 659 1,497 914 of which: IBRD 50 37 29 67 65 115 1,320 525 IDA 0 0 0 0 0 0 0 0 Bilateral 73 117 71 48 51 58 25 6 Private creditors 455 0 0 0 0 0 0 0 of which: Bonds 350 0 0 0 0 0 0 0 Commercial banks 105 0 0 0 0 0 0 0 Private nonguaranteed 2,440 17,010 37,712 44,491 40,658 29,754 43,532 31,821 of which: Bonds 0 3,050 6,219 10,993 540 0 450 800 Principal repayments 2,155 11,417 12,139 23,571 29,011 20,032 34,639 26,639 Public and publicly guaranteed 216 1,090 222 640 131 131 278 134 Official creditors 133 1,018 200 279 120 130 278 134 Multilateral 31 921 160 226 58 59 61 72 of which: IBRD 20 658 130 143 28 32 37 48 IDA 0 0 0 0 0 0 0 0 Bilateral 102 97 40 53 62 71 217 62 Private creditors 83 72 22 361 11 2 1 0 of which: Bonds 0 0 0 350 0 0 0 0 Commercial banks 30 72 22 11 11 2 1 0 Private nonguaranteed 1,939 10,327 11,917 22,931 28,881 19,901 34,360 26,505 of which: Bonds 0 0 0 400 850 2,108 1,503 3,789 Interest payments 713 1,521 1,948 3,531 4,105 5,365 4,517 5,921 Public and publicly guaranteed 235 146 113 96 67 58 54 61 Official creditors 124 102 71 74 66 58 54 61 Multilateral 82 73 44 46 35 28 27 36 of which: IBRD 62 54 31 29 19 17 7 15 IDA 0 0 0 0 0 0 0 0 Bilateral 42 28 27 29 31 30 27 25 Private creditors 112 44 42 22 1 0 0 0 of which: Bonds 90 39 39 19 0 0 0 0 Commercial banks 14 5 3 2 1 0 0 0 Private nonguaranteed 478 1,376 1,835 3,435 4,039 5,307 4,463 5,860 of which: Bonds 11 543 834 1,510 1,802 1,706 1,525 1,343 8. Debt stock-flow reconciliation Total change in external debt stocks 6,290 10,673 28,951 23,441 10,456 5,272 7,164 5,247 Net flows on external debt 1,061 9,999 28,471 21,803 9,706 10,205 10,048 6,124 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 269 429 472 374 542 392 382 357 Interest 67 69 72 74 71 66 61 57 Private creditors Principal 27,235 12,330 21,486 16,824 13,469 16,433 300 0 Interest 1,952 1,522 1,131 836 547 316 155 143 167 KENYA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 6,189 6,483 6,681 7,523 7,607 8,589 8,801 10,258 Long-term external debt 5,216 5,772 5,870 6,231 6,388 6,720 6,979 7,566 Public and publicly guaranteed 5,041 5,772 5,870 6,231 6,388 6,720 6,979 7,566 Private nonguaranteed 175 0 0 0 0 0 0 0 Use of IMF credit 175 212 209 327 309 858 817 1,100 Short-term external debt 798 499 602 964 910 1,012 1,005 1,593 interest arrears on long-term 47 21 34 57 66 73 80 100 Memorandum items Principal arrears on long-term 142 141 334 308 271 276 242 264 Long-term public sector debt 5,041 5,772 5,870 6,231 6,388 6,720 6,979 7,566 Long-term private sector debt 175 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 355 297 575 1,146 395 1,323 1,669 1,327 External debt flows Disbursements 377 242 126 456 350 747 530 1,181 Long-term external debt 333 168 126 341 350 538 530 864 IMF purchases 44 74 0 115 0 209 0 317 Principal repayments 449 447 334 346 299 276 284 311 Long-term external debt 407 439 320 336 288 258 259 287 IMF repurchases 42 7 14 10 11 18 26 24 Net flows -31 -459 -118 449 -12 566 232 1,438 Long-term external debt -74 -271 -194 6 62 280 271 577 Short-term external debt 41 -254 90 339 -63 95 -14 568 Interest payments 144 93 96 110 114 111 116 118 Long-term external debt 100 72 71 78 91 85 90 92 IMF charges 3 2 3 3 2 3 1 0 Short-term external debt 41 18 23 29 21 23 25 25 2. Other non-debt resource inflows Foreign direct investment 111 21 51 729 96 116 178 335 Portfolio equity -6 3 2 0 5 3 22 20 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 19.2 18.9 19.8 17.0 18.1 16.2 16.4 Japanese yen 20.1 18.6 18.6 17.4 20.0 17.9 18.4 17.0 Pound sterling 2.5 0.6 0.7 0.6 0.4 0.4 0.4 0.3 Swiss franc 1.4 0.1 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 49.8 49.3 48.7 48.2 46.7 45.3 43.6 41.8 4. Average terms of new commitments Official creditors Interest (%) 1.1 1.5 1.7 1.1 1.3 1.3 1.0 1.4 Maturity (years) 39.0 32.4 33.4 39.7 30.6 32.8 34.2 31.5 Grace period (years) 10.0 7.7 8.9 9.9 8.3 8.9 10.4 6.3 Private creditors Interest (%) 7.5 0.0 0.0 0.0 1.0 3.9 2.7 0.0 Maturity (years) 5.9 0.0 0.0 17.3 13.0 7.8 8.3 0.0 Grace period (years) 1.4 0.0 0.0 2.5 1.5 3.3 1.8 0.0 5. Major economic aggregates Gross national income (GNI) 12,562 18,732 22,433 27,093 30,473 30,543 32,040 33,729 Exports of goods, services & prim. income 2,821 5,416 6,045 7,223 8,467 7,567 9,127 10,196 Personal transfers & comp. of employees 538 425 570 645 667 631 686 934 Imports of goods, services & prim. income 3,941 6,921 8,341 10,364 12,781 11,514 13,823 16,631 Primary income on FDI 29 35 39 124 52 60 60 105 Current account balance -199 -252 -510 -1,032 -1,983 -1,689 -2,369 -3,333 International reserves 898 1,799 2,416 3,355 2,879 3,849 4,320 4,264 6. Ratios External debt stocks to exports (%) 219.4 119.7 110.5 104.1 89.8 113.5 96.4 100.6 External debt stocks to GNI (%) 49.3 34.6 29.8 27.8 25.0 28.1 27.5 30.4 Debt service to exports (%) 21.0 10.0 7.1 6.3 4.9 5.1 4.4 4.2 Short-term to external debt stocks (%) 12.9 7.7 9.0 12.8 12.0 11.8 11.4 15.5 Multilateral to external debt stocks (%) 45.8 52.8 51.6 47.9 49.0 45.9 46.7 43.6 Reserves to external debt stocks (%) 14.5 27.7 36.2 44.6 37.8 44.8 49.1 41.6 Reserves to imports (months) 2.7 3.1 3.5 3.9 2.7 4.0 3.8 3.1 168 KENYA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,216 5,772 5,870 6,231 6,388 6,720 6,979 7,566 Public and publicly guaranteed 5,041 5,772 5,870 6,231 6,388 6,720 6,979 7,566 Official creditors 4,559 5,409 5,543 5,892 6,070 6,369 6,668 7,246 Multilateral 2,836 3,426 3,445 3,601 3,727 3,946 4,110 4,468 of which: IBRD 47 0 0 0 0 0 0 0 IDA 2,262 2,663 2,764 2,968 3,050 3,156 3,238 3,388 Bilateral 1,724 1,983 2,098 2,291 2,343 2,422 2,558 2,778 Private creditors 482 363 327 339 319 352 311 320 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 436 292 252 260 238 243 202 211 Private nonguaranteed 175 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 333 168 126 341 350 538 530 864 Public and publicly guaranteed 333 168 126 341 350 538 530 864 Official creditors 248 140 125 341 343 510 518 840 Multilateral 196 64 76 225 256 290 335 510 of which: IBRD 0 0 0 0 0 0 0 0 IDA 170 34 41 159 178 164 220 268 Bilateral 52 76 48 116 87 220 184 330 Private creditors 85 28 1 0 7 27 12 24 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 77 28 1 0 0 0 1 14 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 407 439 320 336 288 258 259 287 Public and publicly guaranteed 362 429 320 336 288 258 259 287 Official creditors 241 356 258 325 273 255 255 280 Multilateral 112 327 220 224 106 107 111 129 of which: IBRD 40 1 0 0 0 0 0 0 IDA 29 54 60 66 75 81 88 103 Bilateral 129 28 38 101 167 148 144 151 Private creditors 121 74 62 11 15 3 4 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 108 72 61 9 13 0 1 1 Private nonguaranteed 45 10 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 100 72 71 78 91 85 90 92 Public and publicly guaranteed 81 72 70 78 91 85 90 92 Official creditors 55 66 65 76 90 84 90 91 Multilateral 38 48 36 32 35 33 34 42 of which: IBRD 7 0 0 0 0 0 0 0 IDA 16 23 22 22 24 22 23 26 Bilateral 17 17 29 44 55 52 55 50 Private creditors 27 6 5 2 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 23 6 4 1 1 0 0 0 Private nonguaranteed 19 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -337 -494 198 842 85 982 212 1,457 Net flows on external debt -31 -459 -118 449 -12 566 232 1,438 9. Debt restructurings Total amount rescheduled 122 127 192 0 0 0 0 0 Total amount forgiven 10 3 8 0 0 5 31 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 389 391 365 403 431 472 531 533 Interest 110 115 117 116 112 107 100 91 Private creditors Principal 12 13 13 9 8 8 6 4 Interest 1 1 1 1 0 0 0 0 169 KOSOVO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks .. .. .. .. 709.9 1725.7 1455.6 1531.0 Long-term external debt .. .. .. .. 430.4 817.8 886.4 961.0 Public and publicly guaranteed .. .. .. .. 0.0 358.5 319.0 309.9 Private nonguaranteed .. .. .. .. 430.4 459.3 567.4 651.0 Use of IMF credit .. .. .. .. 85.3 86.8 114.2 113.8 Short-term external debt .. .. .. .. 194.2 821.1 455.0 456.2 interest arrears on long-term .. .. .. .. 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term .. .. .. .. 0.0 0.0 0.0 0.0 Long-term public sector debt .. .. .. .. 0.0 358.5 319.0 309.9 Long-term private sector debt .. .. .. .. 430.4 459.3 567.4 651.0 Public & publicly guaranteed commitments .. .. .. .. 0.0 0.0 33.7 33.3 External debt flows Disbursements .. .. .. .. 160.6 90.1 198.1 192.5 Long-term external debt .. .. .. .. 160.6 90.1 169.5 192.5 IMF purchases .. .. .. .. 0.0 0.0 28.6 0.0 Principal repayments .. .. .. .. 36.8 269.0 75.6 108.2 Long-term external debt .. .. .. .. 36.8 269.0 75.6 108.2 IMF repurchases .. .. .. .. 0.0 0.0 0.0 0.0 Net flows .. .. .. .. 177.3 448.1 -243.6 85.6 Long-term external debt .. .. .. .. 123.8 -178.8 93.9 84.4 Short-term external debt .. .. .. .. 53.6 626.9 -366.2 1.3 Interest payments .. .. .. .. 16.0 44.3 34.7 40.5 Long-term external debt .. .. .. .. 15.3 44.1 34.4 40.0 IMF charges .. .. .. .. 0.7 0.2 0.3 0.5 Short-term external debt .. .. .. .. 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment .. 133.8 369.8 603.2 536.8 408.1 486.6 546.2 Portfolio equity .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. .. .. 0.0 0.0 0.0 3.4 Japanese yen .. .. .. .. 0.0 0.0 0.0 0.0 Pound sterling .. .. .. .. 0.0 0.0 0.0 0.0 Swiss franc .. .. .. .. 0.0 0.0 0.0 0.0 U.S.dollars .. .. .. .. 0.0 100.0 100.0 96.6 4. Average terms of new commitments Official creditors Interest (%) .. .. .. .. 0.0 0.0 0.8 0.8 Maturity (years) .. .. .. .. 0.0 0.0 39.5 19.6 Grace period (years) .. .. .. .. 0.0 0.0 10.0 2.0 Private creditors Interest (%) .. .. .. .. 0.0 0.0 4.8 0.0 Maturity (years) .. .. .. .. 0.0 0.0 19.8 0.0 Grace period (years) .. .. .. .. 0.0 0.0 2.7 0.0 5. Major economic aggregates Gross national income (GNI) .. .. 4137.7 4977.5 5874.1 5550.7 5702.0 6615.0 Exports of goods, services & prim. income .. 624.8 750.5 990.6 1137.7 1169.8 1333.2 1670.4 Personal transfers & comp. of employees .. 701.3 770.8 918.7 1042.3 1055.3 996.9 1121.6 Imports of goods, services & prim. income .. 1803.5 1986.5 2527.9 3222.3 3100.8 3377.4 4018.4 Primary income on FDI .. 28.1 31.2 59.0 88.4 102.0 130.3 148.0 Current account balance .. -307.7 -283.6 -484.6 -920.9 -547.0 -767.9 -1028.2 International reserves .. .. .. 951.7 892.1 830.2 846.4 741.5 6. Ratios External debt stocks to exports (%) .. .. .. .. 62.4 147.5 109.2 91.7 External debt stocks to GNI (%) .. .. .. .. 12.1 31.1 25.5 23.1 Debt service to exports (%) .. .. .. .. 4.6 26.8 8.3 8.9 Short-term to external debt stocks (%) .. .. .. .. 27.4 47.6 31.3 29.8 Multilateral to external debt stocks (%) .. .. .. .. .. 20.8 21.9 19.6 Reserves to external debt stocks (%) .. .. .. .. 125.7 48.1 58.2 48.4 Reserves to imports (months) .. .. .. 4.5 3.3 3.2 3.0 2.2 170 KOSOVO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed .. .. .. .. 430.4 817.8 886.4 961.0 Public and publicly guaranteed .. .. .. .. 0.0 358.5 319.0 309.9 Official creditors .. .. .. .. 0.0 358.5 319.0 299.4 Multilateral .. .. .. .. 0.0 358.5 319.0 299.4 of which: IBRD .. .. .. .. 0.0 358.5 319.0 292.8 IDA .. .. .. .. 0.0 0.0 0.0 6.6 Bilateral .. .. .. .. 0.0 0.0 0.0 0.0 Private creditors .. .. .. .. 0.0 0.0 0.0 10.6 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 Commercial banks .. .. .. .. 0.0 0.0 0.0 10.6 Private nonguaranteed .. .. .. .. 430.4 459.3 567.4 651.0 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 Disbursements .. .. .. .. 160.6 90.1 169.5 192.5 Public and publicly guaranteed .. .. .. .. 0.0 0.0 0.0 17.4 Official creditors .. .. .. .. 0.0 0.0 0.0 6.5 Multilateral .. .. .. .. 0.0 0.0 0.0 6.5 of which: IBRD .. .. .. .. 0.0 0.0 0.0 0.0 IDA .. .. .. .. 0.0 0.0 0.0 6.5 Bilateral .. .. .. .. 0.0 0.0 0.0 0.0 Private creditors .. .. .. .. 0.0 0.0 0.0 10.8 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 Commercial banks .. .. .. .. 0.0 0.0 0.0 10.8 Private nonguaranteed .. .. .. .. 160.6 90.1 169.5 175.2 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 Principal repayments .. .. .. .. 36.8 269.0 75.6 108.2 Public and publicly guaranteed .. .. .. .. 0.0 207.7 14.3 16.6 Official creditors .. .. .. .. 0.0 207.7 14.3 16.6 Multilateral .. .. .. .. 0.0 207.7 14.3 16.6 of which: IBRD .. .. .. .. 0.0 207.7 14.3 16.6 IDA .. .. .. .. 0.0 0.0 0.0 0.0 Bilateral .. .. .. .. 0.0 0.0 0.0 0.0 Private creditors .. .. .. .. 0.0 0.0 0.0 0.0 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 Commercial banks .. .. .. .. 0.0 0.0 0.0 0.0 Private nonguaranteed .. .. .. .. 36.8 61.2 61.3 91.6 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 Interest payments .. .. .. .. 15.3 44.1 34.4 40.0 Public and publicly guaranteed .. .. .. .. 0.0 22.5 11.4 11.6 Official creditors .. .. .. .. 0.0 22.5 11.4 11.6 Multilateral .. .. .. .. 0.0 22.5 11.4 11.6 of which: IBRD .. .. .. .. 0.0 22.5 11.4 11.6 IDA .. .. .. .. 0.0 0.0 0.0 0.0 Bilateral .. .. .. .. 0.0 0.0 0.0 0.0 Private creditors .. .. .. .. 0.0 0.0 0.0 0.0 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 Commercial banks .. .. .. .. 0.0 0.0 0.0 0.0 Private nonguaranteed .. .. .. .. 15.3 21.5 23.0 28.4 of which: Bonds .. .. .. .. 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. .. .. 175.1 1015.8 -270.2 75.5 Net flows on external debt .. .. .. .. 177.3 448.1 -243.6 85.6 9. Debt restructurings Total amount rescheduled .. .. .. .. 0.0 0.0 0.0 0.0 Total amount forgiven .. .. .. .. 0.0 0.0 0.0 0.0 Debt buyback .. .. .. .. 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 15.2 16.0 16.0 16.0 16.0 16.0 16.0 16.0 Interest 7.0 6.7 6.4 6.0 5.7 5.3 5.0 4.6 Private creditors Principal 0.9 1.8 1.8 1.8 1.8 1.8 1.8 1.8 Interest 0.5 0.9 0.9 0.8 0.7 0.6 0.6 0.5 Notes: Kosovo became independent in 2008. 171 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,938 2,257 2,598 2,881 3,628 4,119 4,114 5,486 Long-term external debt 1,510 1,825 2,101 2,278 2,942 3,395 3,612 4,986 Public and publicly guaranteed 1,220 1,665 1,831 1,898 1,963 2,320 2,442 2,618 Private nonguaranteed 290 161 270 380 980 1,076 1,171 2,368 Use of IMF credit 298 299 291 284 295 300 307 312 Short-term external debt 129 132 206 319 391 424 195 188 interest arrears on long-term 10 3 5 7 6 2 12 3 Memorandum items Principal arrears on long-term 28 6 6 9 11 2 7 6 Long-term public sector debt 1,220 1,665 1,831 1,898 1,963 2,320 2,442 2,618 Long-term private sector debt 290 161 270 380 980 1,076 1,171 2,368 Public & publicly guaranteed commitments 201 86 16 46 96 609 156 381 External debt flows Disbursements 180 150 243 282 920 661 702 776 Long-term external debt 161 132 240 278 878 635 668 746 IMF purchases 19 18 4 4 42 26 34 30 Principal repayments 97 104 65 151 284 226 483 339 Long-term external debt 86 73 38 127 261 200 462 314 IMF repurchases 11 31 27 25 23 26 22 24 Net flows 152 -150 250 241 709 472 -20 439 Long-term external debt 75 59 202 151 617 435 206 432 Short-term external debt 69 -195 72 111 73 37 -238 1 Interest payments 81 38 36 43 52 43 74 72 Long-term external debt 69 21 19 23 42 37 69 70 IMF charges 7 5 6 5 2 1 0 0 Short-term external debt 5 13 11 15 8 5 4 2 2. Other non-debt resource inflows Foreign direct investment -2 43 182 208 377 189 438 391 Portfolio equity 0 0 0 1 6 1 -18 5 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.8 3.5 4.3 4.0 3.5 3.1 2.8 Japanese yen 15.0 13.5 12.5 12.7 15.5 13.0 14.0 13.6 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 67.9 69.5 67.0 68.0 65.3 69.2 68.9 68.9 4. Average terms of new commitments Official creditors Interest (%) 1.0 1.0 1.4 0.5 1.6 1.3 1.2 1.7 Maturity (years) 35.8 36.2 31.6 26.7 21.7 31.5 36.1 24.6 Grace period (years) 9.5 9.3 8.1 7.3 5.9 6.5 9.4 6.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,288 2,372 2,786 3,751 4,960 4,501 4,450 5,600 Exports of goods, services & prim. income 590 963 1,326 2,065 2,812 2,582 2,543 3,480 Personal transfers & comp. of employees 9 313 473 705 1,224 983 1,266 1,709 Imports of goods, services & prim. income 753 1,501 2,342 3,313 4,990 3,892 4,319 5,571 Primary income on FDI 37 36 40 40 173 126 327 400 Current account balance -76 -37 -286 -227 -701 -102 -385 -253 International reserves 239 570 764 1,107 1,153 1,494 1,604 1,703 6. Ratios External debt stocks to exports (%) 328.5 234.4 195.9 139.5 129.0 159.5 161.8 157.6 External debt stocks to GNI (%) 150.5 95.1 93.3 76.8 73.1 91.5 92.5 98.0 Debt service to exports (%) 30.2 14.8 7.6 9.4 11.9 10.4 21.9 11.8 Short-term to external debt stocks (%) 6.7 5.9 7.9 11.1 10.8 10.3 4.7 3.4 Multilateral to external debt stocks (%) 37.3 48.7 45.8 44.4 35.6 31.8 31.5 24.5 Reserves to external debt stocks (%) 12.3 25.2 29.4 38.4 31.8 36.3 39.0 31.0 Reserves to imports (months) 3.8 4.6 3.9 4.0 2.8 4.6 4.5 3.7 172 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,510 1,825 2,101 2,278 2,942 3,395 3,612 4,986 Public and publicly guaranteed 1,220 1,665 1,831 1,898 1,963 2,320 2,442 2,618 Official creditors 1,184 1,665 1,831 1,898 1,963 2,320 2,442 2,618 Multilateral 722 1,099 1,190 1,280 1,290 1,310 1,296 1,343 of which: IBRD 0 0 0 0 0 0 0 0 IDA 377 565 612 651 655 656 649 660 Bilateral 461 566 641 618 672 1,010 1,146 1,275 Private creditors 37 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 28 0 0 0 0 0 0 0 Private nonguaranteed 290 161 270 380 980 1,076 1,171 2,368 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 161 132 240 278 878 635 668 746 Public and publicly guaranteed 153 76 87 66 51 378 147 211 Official creditors 149 76 87 66 51 378 147 211 Multilateral 107 70 73 58 50 40 43 90 of which: IBRD 0 0 0 0 0 0 0 0 IDA 52 34 26 22 20 8 19 28 Bilateral 42 6 15 8 1 338 104 121 Private creditors 4 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 8 56 152 212 827 257 521 535 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 86 73 38 127 261 200 462 314 Public and publicly guaranteed 17 16 20 25 35 38 38 44 Official creditors 13 16 20 25 35 38 38 44 Multilateral 8 16 20 22 29 33 35 37 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 4 6 9 11 12 14 15 Bilateral 5 0 0 3 6 6 3 7 Private creditors 4 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 Private nonguaranteed 69 57 18 102 225 162 424 270 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 69 21 19 23 42 37 69 70 Public and publicly guaranteed 23 12 15 16 17 19 23 40 Official creditors 20 12 15 16 17 19 23 40 Multilateral 11 12 12 12 13 12 12 13 of which: IBRD 0 0 0 0 0 0 0 0 IDA 3 5 5 5 5 5 5 5 Bilateral 10 0 2 4 4 7 11 27 Private creditors 2 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 Private nonguaranteed 47 9 5 7 24 18 46 29 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 86 -306 342 283 747 491 -4 1,371 Net flows on external debt 152 -150 250 241 709 472 -20 439 9. Debt restructurings Total amount rescheduled 32 520 7 7 15 16 0 0 Total amount forgiven 0 17 0 8 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 60 65 76 93 105 111 128 145 Interest 40 40 41 41 40 39 39 37 Private creditors Principal 639 450 402 237 189 142 118 95 Interest 104 77 53 38 27 18 11 6 Notes: Long-term private nonguaranteed debt data are reported by the country. 173 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,520 2,912 3,494 4,606 5,189 5,737 5,655 6,158 Long-term external debt 2,459 2,815 3,350 4,362 4,987 5,442 5,549 6,014 Public and publicly guaranteed 2,459 1,989 2,259 2,515 2,720 2,818 2,939 2,889 Private nonguaranteed 0 825 1,090 1,847 2,267 2,625 2,610 3,125 Use of IMF credit 55 43 42 41 35 95 88 83 Short-term external debt 6 55 103 203 166 199 18 62 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 0 0 0 0 0 0 0 Long-term public sector debt 2,459 1,989 2,259 2,515 2,720 2,818 2,939 2,889 Long-term private sector debt 0 825 1,090 1,847 2,267 2,625 2,610 3,125 Public & publicly guaranteed commitments 68 76 16 210 13 123 0 19 External debt flows Disbursements 77 472 491 1,058 756 599 233 638 Long-term external debt 77 472 491 1,058 756 599 233 638 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 31 85 134 135 147 151 226 204 Long-term external debt 23 79 130 132 143 146 221 199 IMF repurchases 8 6 3 3 4 6 6 5 Net flows 53 441 405 1,023 571 480 -175 477 Long-term external debt 55 392 361 926 613 453 12 438 Short-term external debt 6 55 48 100 -37 33 -181 44 Interest payments 10 47 49 55 60 69 79 77 Long-term external debt 9 47 48 54 60 69 79 77 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 34 28 187 324 228 319 279 450 Portfolio equity 0 0 0 0 0 0 54 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 0.4 0.1 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 18.4 66.0 69.4 69.9 70.5 71.5 71.8 71.2 4. Average terms of new commitments Official creditors Interest (%) 1.4 3.6 1.4 1.3 1.1 1.5 0.0 1.4 Maturity (years) 31.6 27.9 24.9 26.1 29.1 20.4 0.0 25.7 Grace period (years) 8.1 6.2 8.7 9.6 8.0 6.0 0.0 8.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,660 2,670 3,262 4,075 5,188 5,668 6,713 7,670 Exports of goods, services & prim. income 513 762 1,122 1,244 1,526 1,492 2,308 .. Personal transfers & comp. of employees 1 1 4 6 18 38 42 45 Imports of goods, services & prim. income 638 1,003 1,173 1,202 1,589 1,685 2,457 .. Primary income on FDI 0 25 23 48 26 43 44 0 Current account balance -8 -174 75 139 78 -61 29 .. International reserves 139 234 328 533 629 609 703 741 6. Ratios External debt stocks to exports (%) 490.9 382.0 311.5 370.1 340.1 384.6 245.0 .. External debt stocks to GNI (%) 151.7 109.1 107.1 113.0 100.0 101.2 84.2 80.3 Debt service to exports (%) 8.0 17.4 16.2 15.3 13.6 14.8 13.2 .. Short-term to external debt stocks (%) 0.3 1.9 2.9 4.4 3.2 3.5 0.3 1.0 Multilateral to external debt stocks (%) 41.3 52.4 48.0 40.1 37.9 34.4 35.1 31.8 Reserves to external debt stocks (%) 5.5 8.0 9.4 11.6 12.1 10.6 12.4 12.0 Reserves to imports (months) 2.6 2.8 3.4 5.3 4.7 4.3 3.4 .. 174 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,459 2,815 3,350 4,362 4,987 5,442 5,549 6,014 Public and publicly guaranteed 2,459 1,989 2,259 2,515 2,720 2,818 2,939 2,889 Official creditors 2,459 1,989 2,259 2,515 2,720 2,818 2,939 2,889 Multilateral 1,041 1,525 1,676 1,847 1,966 1,971 1,983 1,959 of which: IBRD 0 0 0 0 0 0 0 0 IDA 403 598 643 686 685 680 655 639 Bilateral 1,418 464 584 668 755 847 955 930 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 0 825 1,090 1,847 2,267 2,625 2,610 3,125 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 77 472 491 1,058 756 599 233 638 Public and publicly guaranteed 77 150 125 201 174 152 89 23 Official creditors 77 150 125 201 174 152 89 23 Multilateral 73 113 111 114 84 50 25 16 of which: IBRD 0 0 0 0 0 0 0 0 IDA 20 35 26 27 17 4 3 2 Bilateral 4 37 14 87 90 102 64 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 0 321 366 857 581 447 144 615 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 23 79 130 132 143 146 221 199 Public and publicly guaranteed 23 39 29 33 43 57 62 99 Official creditors 23 39 29 33 43 57 62 99 Multilateral 9 22 25 30 40 47 56 67 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 9 9 11 13 14 15 17 Bilateral 14 17 5 3 3 10 6 32 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 40 101 100 100 89 159 100 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 47 48 54 60 69 79 77 Public and publicly guaranteed 9 14 20 18 23 25 29 27 Official creditors 9 14 20 18 23 25 29 27 Multilateral 9 14 15 16 18 18 18 20 of which: IBRD 0 0 0 0 0 0 0 0 IDA 3 5 5 5 5 5 5 5 Bilateral 0 0 5 2 5 7 10 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 32 28 37 37 43 50 50 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -26 282 582 1,112 583 548 -82 503 Net flows on external debt 53 441 405 1,023 571 480 -175 477 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 106 111 116 117 122 136 140 138 Interest 33 32 31 30 29 30 28 26 Private creditors Principal 813 728 428 342 257 214 171 171 Interest 85 58 42 30 20 13 6 0 Notes: Long-term public and publicly guaranteed debt are World Bank staff estimates based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt is based on data from the BIS. 175 LATVIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 5,012 14,412 22,678 39,231 42,033 42,012 39,741 38,255 Long-term external debt 1,979 6,747 12,021 22,335 26,879 30,408 25,319 24,551 Public and publicly guaranteed 827 1,053 1,257 1,477 1,945 6,602 6,891 7,075 Private nonguaranteed 1,151 5,694 10,764 20,858 24,934 23,806 18,428 17,476 Use of IMF credit 192 173 182 191 1,011 1,308 1,699 1,693 Short-term external debt 2,842 7,493 10,476 16,705 14,144 10,295 12,723 12,011 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 818 1,034 1,239 1,460 1,930 6,590 6,837 6,966 Long-term private sector debt 1,160 5,713 10,782 20,875 24,949 23,818 18,482 17,585 Public & publicly guaranteed commitments 98 215 3 11 1,325 5,505 3,859 642 External debt flows Disbursements 410 5,160 6,862 9,281 10,604 10,372 7,103 7,296 Long-term external debt 410 5,160 6,862 9,281 9,758 10,097 6,694 7,296 IMF purchases 0 0 0 0 846 275 410 0 Principal repayments 330 2,699 2,542 3,036 4,365 6,628 9,671 7,251 Long-term external debt 319 2,699 2,542 3,036 4,365 6,628 9,671 7,251 IMF repurchases 10 0 0 0 0 0 0 0 Net flows 848 2,246 7,303 12,474 3,678 -105 -139 -667 Long-term external debt 91 2,461 4,320 6,245 5,393 3,469 -2,977 46 Short-term external debt 767 -215 2,983 6,229 -2,561 -3,849 2,428 -713 Interest payments 277 540 731 1,553 1,757 946 876 910 Long-term external debt 107 155 274 756 1,152 772 686 734 IMF charges 9 5 7 6 2 18 34 43 Short-term external debt 161 380 449 791 603 156 156 134 2. Other non-debt resource inflows Foreign direct investment 413 812 1,702 2,714 1,435 -44 433 1,559 Portfolio equity -7 12 22 -12 -50 -8 9 38 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 87.6 90.6 92.9 95.6 99.0 99.3 92.4 Japanese yen 4.7 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 0.6 0.2 0.2 0.1 0.1 0.0 0.0 0.0 U.S.dollars 20.0 11.7 8.9 6.8 4.2 1.0 0.7 7.6 4. Average terms of new commitments Official creditors Interest (%) 5.8 2.3 3.9 0.0 4.5 3.3 3.6 3.2 Maturity (years) 15.0 19.4 25.1 0.0 16.0 8.3 11.8 9.4 Grace period (years) 5.9 7.2 5.1 0.0 16.0 7.2 7.1 4.9 Private creditors Interest (%) 0.0 0.0 0.0 4.0 5.5 4.6 0.0 5.5 Maturity (years) 0.0 0.0 0.0 8.7 10.0 3.2 0.0 10.0 Grace period (years) 0.0 0.0 0.0 0.2 10.0 1.9 0.0 3.0 5. Major economic aggregates Gross national income (GNI) 7,814 15,839 19,347 27,842 33,338 27,851 24,517 28,456 Exports of goods, services & prim. income 3,445 7,881 9,462 13,087 15,578 12,324 13,587 17,366 Personal transfers & comp. of employees 72 381 482 552 601 591 614 695 Imports of goods, services & prim. income 4,010 10,470 14,463 19,891 20,839 10,924 13,735 18,921 Primary income on FDI 92 617 983 1,240 611 -1,462 129 688 Current account balance -371 -1,992 -4,522 -6,425 -4,492 2,284 724 -686 International reserves 851 2,232 4,353 5,553 5,028 6,632 7,256 5,997 6. Ratios External debt stocks to exports (%) 145.5 182.9 239.7 299.8 269.8 340.9 292.5 220.3 External debt stocks to GNI (%) 64.1 91.0 117.2 140.9 126.1 150.8 162.1 134.4 Debt service to exports (%) 17.6 41.1 34.6 35.1 39.3 61.5 77.6 47.0 Short-term to external debt stocks (%) 56.7 52.0 46.2 42.6 33.6 24.5 32.0 31.4 Multilateral to external debt stocks (%) 10.8 2.2 1.9 1.4 1.7 10.6 13.2 13.6 Reserves to external debt stocks (%) 17.0 15.5 19.2 14.2 12.0 15.8 18.3 15.7 Reserves to imports (months) 2.5 2.6 3.6 3.4 2.9 7.3 6.3 3.8 176 LATVIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,979 6,747 12,021 22,335 26,879 30,408 25,319 24,551 Public and publicly guaranteed 827 1,053 1,257 1,477 1,945 6,602 6,891 7,075 Official creditors 591 338 462 582 764 4,503 5,256 5,219 Multilateral 543 311 433 550 734 4,473 5,246 5,209 of which: IBRD 242 111 100 85 61 327 421 529 IDA 0 0 0 0 0 0 0 0 Bilateral 49 27 29 32 30 30 11 10 Private creditors 236 715 795 895 1,181 2,099 1,635 1,856 of which: Bonds 209 708 790 883 1,113 1,152 1,069 1,535 Commercial banks 2 0 0 9 65 946 566 321 Private nonguaranteed 1,151 5,694 10,764 20,858 24,934 23,806 18,428 17,476 of which: Bonds 0 124 380 442 278 278 267 0 Disbursements 410 5,160 6,862 9,281 9,758 10,097 6,694 7,296 Public and publicly guaranteed 94 21 125 118 915 4,504 1,237 748 Official creditors 91 21 125 110 264 3,653 1,130 166 Multilateral 91 21 125 110 264 3,653 1,130 166 of which: IBRD 63 2 0 0 0 295 135 131 IDA 0 0 0 0 0 0 0 0 Bilateral 1 0 0 0 0 0 0 0 Private creditors 3 0 0 8 650 851 106 582 of which: Bonds 0 0 0 0 587 0 0 500 Commercial banks 0 0 0 8 63 851 106 82 Private nonguaranteed 316 5,139 6,737 9,162 8,843 5,593 5,457 6,548 of which: Bonds 0 125 246 0 0 0 0 0 Principal repayments 319 2,699 2,542 3,036 4,365 6,628 9,671 7,251 Public and publicly guaranteed 81 96 35 41 343 47 478 362 Official creditors 73 93 32 39 45 44 62 36 Multilateral 53 79 32 39 45 44 44 35 of which: IBRD 9 64 19 22 24 22 17 9 IDA 0 0 0 0 0 0 0 0 Bilateral 19 15 0 0 0 0 18 0 Private creditors 8 3 3 1 298 2 417 327 of which: Bonds 0 0 0 0 294 0 0 0 Commercial banks 1 0 0 0 2 1 416 327 Private nonguaranteed 239 2,603 2,507 2,995 4,022 6,582 9,192 6,888 of which: Bonds 30 0 6 0 139 139 0 278 Interest payments 107 155 274 756 1,152 772 686 734 Public and publicly guaranteed 50 50 51 60 73 111 178 264 Official creditors 34 15 16 22 29 33 111 178 Multilateral 31 14 15 20 28 32 110 178 of which: IBRD 12 7 5 5 4 5 8 19 IDA 0 0 0 0 0 0 0 0 Bilateral 3 1 1 1 2 1 1 0 Private creditors 16 35 35 38 44 79 67 86 of which: Bonds 15 35 35 38 41 54 52 67 Commercial banks 0 0 0 0 3 24 15 18 Private nonguaranteed 57 104 223 696 1,079 661 508 470 of which: Bonds 2 6 16 21 20 20 15 0 8. Debt stock-flow reconciliation Total change in external debt stocks 785 1,823 8,266 16,553 2,802 -22 -2,270 -1,486 Net flows on external debt 848 2,246 7,303 12,474 3,678 -105 -139 -667 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 50 56 1,500 1,876 504 502 499 1,132 Interest 189 230 242 213 186 174 158 129 Private creditors Principal 4,741 3,343 3,573 1,829 1,479 1,130 1,473 780 Interest 1,198 490 400 294 211 172 142 91 177 LEBANON (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 10,250 23,334 25,119 25,642 24,328 24,803 24,591 24,767 Long-term external debt 7,704 19,877 20,912 21,437 21,066 21,285 20,713 21,101 Public and publicly guaranteed 6,968 18,866 20,107 20,907 20,596 20,615 20,213 20,601 Private nonguaranteed 736 1,011 805 530 470 670 500 500 Use of IMF credit 6 6 7 87 124 422 395 355 Short-term external debt 2,541 3,450 4,200 4,118 3,138 3,096 3,482 3,311 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 6,942 18,866 20,107 20,907 20,596 20,615 20,213 20,601 Long-term private sector debt 762 1,011 805 530 470 670 500 500 Public & publicly guaranteed commitments 2,188 2,991 3,808 3,329 2,598 2,964 1,925 3,999 External debt flows Disbursements 2,445 3,179 3,817 3,452 2,749 3,332 2,143 4,179 Long-term external debt 2,445 3,179 3,817 3,374 2,709 3,332 2,143 4,179 IMF purchases 0 0 0 78 40 0 0 0 Principal repayments 884 2,172 3,004 3,078 2,905 3,096 2,651 3,789 Long-term external debt 884 2,172 3,004 3,078 2,905 3,096 2,632 3,749 IMF repurchases 0 0 0 0 0 0 19 40 Net flows 1,900 486 1,563 291 -1,136 195 -122 220 Long-term external debt 1,561 1,007 813 296 -196 237 -489 431 Short-term external debt 339 -521 750 -82 -980 -42 386 -171 Interest payments 607 1,462 1,516 1,668 1,522 1,516 1,501 1,545 Long-term external debt 475 1,287 1,316 1,430 1,442 1,475 1,454 1,492 IMF charges 0 0 0 3 3 2 2 2 Short-term external debt 132 175 200 235 76 39 45 52 2. Other non-debt resource inflows Foreign direct investment .. 2,624 2,675 3,376 4,333 4,804 4,280 3,476 Portfolio equity .. 1,436 551 791 466 929 147 240 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 9.0 9.9 9.8 9.7 9.1 8.3 7.6 Japanese yen 0.1 0.1 0.1 0.2 0.3 0.3 0.4 0.4 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 67.9 85.7 85.3 85.8 86.3 86.9 87.9 88.7 4. Average terms of new commitments Official creditors Interest (%) 7.5 4.6 3.8 4.5 4.0 2.4 0.0 0.5 Maturity (years) 14.7 19.0 27.0 18.7 16.4 29.0 0.0 22.5 Grace period (years) 5.2 4.1 9.7 7.1 4.2 7.0 0.0 4.0 Private creditors Interest (%) 9.1 7.4 7.6 6.1 8.9 7.9 6.0 5.8 Maturity (years) 4.9 5.7 10.3 7.5 5.8 6.8 9.7 9.3 Grace period (years) 4.7 5.4 10.2 4.9 5.8 6.8 9.7 9.3 5. Major economic aggregates Gross national income (GNI) 17,581 21,674 22,622 25,797 30,517 34,697 38,497 40,147 Exports of goods, services & prim. income .. 14,958 16,926 19,445 24,813 23,137 22,251 26,760 Personal transfers & comp. of employees .. 4,924 5,202 5,769 7,181 7,558 7,351 7,403 Imports of goods, services & prim. income .. 18,768 20,012 23,819 31,276 31,705 32,469 33,494 Primary income on FDI .. 95 96 64 121 95 209 183 Current account balance .. -2,748 -1,116 -1,605 -4,103 -6,741 -7,462 -4,163 International reserves 5,944 11,887 13,376 12,910 20,244 29,103 31,514 33,741 6. Ratios External debt stocks to exports (%) .. 156.0 148.4 131.9 98.0 107.2 110.5 92.6 External debt stocks to GNI (%) 58.3 107.7 111.0 99.4 79.7 71.5 63.9 61.7 Debt service to exports (%) .. 24.3 26.7 24.4 17.8 19.9 18.7 19.9 Short-term to external debt stocks (%) 24.8 14.8 16.7 16.1 12.9 12.5 14.2 13.4 Multilateral to external debt stocks (%) 8.7 5.1 5.2 5.6 5.5 5.4 5.4 5.0 Reserves to external debt stocks (%) 58.0 50.9 53.3 50.3 83.2 117.3 128.2 136.2 Reserves to imports (months) .. 7.6 8.0 6.5 7.8 11.0 11.6 12.1 178 LEBANON (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 7,704 19,877 20,912 21,437 21,066 21,285 20,713 21,101 Public and publicly guaranteed 6,968 18,866 20,107 20,907 20,596 20,615 20,213 20,601 Official creditors 1,290 2,172 2,312 2,437 2,432 2,356 2,226 2,088 Multilateral 890 1,193 1,304 1,438 1,349 1,339 1,320 1,233 of which: IBRD 248 360 314 437 368 318 321 301 IDA 0 0 0 0 0 0 0 0 Bilateral 400 979 1,008 999 1,082 1,017 906 856 Private creditors 5,677 16,694 17,796 18,470 18,165 18,259 17,987 18,513 of which: Bonds 5,260 16,142 17,253 17,707 17,490 17,704 17,422 17,966 Commercial banks 403 545 534 755 667 549 559 540 Private nonguaranteed 736 1,011 805 530 470 670 500 500 of which: Bonds 736 1,011 805 530 470 670 500 500 Disbursements 2,445 3,179 3,817 3,374 2,709 3,332 2,143 4,179 Public and publicly guaranteed 2,330 2,649 3,817 3,374 2,709 3,132 2,143 4,179 Official creditors 238 106 238 287 421 223 199 206 Multilateral 200 78 213 242 161 173 134 122 of which: IBRD 42 32 37 162 40 23 24 32 IDA 0 0 0 0 0 0 0 0 Bilateral 38 28 25 45 260 51 65 84 Private creditors 2,092 2,543 3,579 3,087 2,288 2,909 1,943 3,973 of which: Bonds 2,031 2,500 3,547 2,738 2,257 2,894 1,925 3,959 Commercial banks 61 43 29 349 30 15 17 12 Private nonguaranteed 115 530 0 0 0 200 0 0 of which: Bonds 115 530 0 0 0 200 0 0 Principal repayments 884 2,172 3,004 3,078 2,905 3,096 2,632 3,749 Public and publicly guaranteed 834 1,907 2,798 2,803 2,845 3,096 2,462 3,749 Official creditors 74 143 232 362 375 334 298 329 Multilateral 44 100 158 218 232 187 161 203 of which: IBRD 17 38 90 48 116 73 20 53 IDA 0 0 0 0 0 0 0 0 Bilateral 30 43 74 144 143 147 137 126 Private creditors 760 1,764 2,566 2,441 2,470 2,762 2,164 3,420 of which: Bonds 400 1,695 2,507 2,369 2,430 2,706 2,151 3,390 Commercial banks 358 68 58 71 39 55 12 29 Private nonguaranteed 50 265 206 275 60 0 170 0 of which: Bonds 50 265 206 275 60 0 170 0 Interest payments 475 1,287 1,316 1,430 1,442 1,475 1,454 1,492 Public and publicly guaranteed 418 1,197 1,242 1,373 1,402 1,431 1,403 1,454 Official creditors 57 92 87 101 105 88 100 82 Multilateral 44 49 49 60 57 44 63 47 of which: IBRD 14 15 18 19 20 11 4 4 IDA 0 0 0 0 0 0 0 0 Bilateral 14 42 38 42 48 43 37 35 Private creditors 361 1,106 1,155 1,271 1,297 1,344 1,303 1,372 of which: Bonds 300 1,087 1,144 1,252 1,279 1,328 1,289 1,360 Commercial banks 59 18 10 19 17 15 13 13 Private nonguaranteed 57 90 74 57 40 43 51 38 of which: Bonds 57 90 74 57 40 43 51 38 8. Debt stock-flow reconciliation Total change in external debt stocks 1,759 200 1,785 524 -1,314 475 -213 177 Net flows on external debt 1,900 486 1,563 291 -1,136 195 -122 220 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 628 312 308 254 236 225 193 159 Interest 90 80 74 66 58 50 41 35 Private creditors Principal 1,794 1,956 1,989 1,180 2,080 1,930 1,155 1,184 Interest 1,295 1,140 989 899 776 611 528 451 Notes: Long-term private nonguaranteed debt only cover Bonds. Short-term debt is based on data from the BIS. 179 LESOTHO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 676.7 667.3 655.4 683.5 694.6 756.3 776.7 791.9 Long-term external debt 656.7 618.9 613.5 642.2 659.2 680.6 697.9 711.6 Public and publicly guaranteed 656.7 618.9 613.5 642.2 659.2 680.6 697.9 711.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 16.0 40.4 42.0 41.3 35.4 75.7 78.8 80.3 Short-term external debt 4.0 8.0 0.0 0.0 0.0 0.0 0.0 0.0 interest arrears on long-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 656.4 618.9 613.5 642.2 659.2 680.6 697.9 711.6 Long-term private sector debt 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 33.9 15.0 21.5 61.2 41.5 36.2 238.5 47.5 External debt flows Disbursements 69.4 21.1 28.6 38.3 45.8 37.4 52.7 49.2 Long-term external debt 69.4 21.1 28.6 38.3 45.8 37.4 40.8 40.3 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 11.9 9.0 Principal repayments 38.3 65.3 36.1 33.8 29.5 30.6 26.9 30.9 Long-term external debt 33.2 65.3 35.6 31.1 24.5 24.6 19.4 23.7 IMF repurchases 5.2 0.0 0.5 2.7 5.0 5.9 7.5 7.2 Net flows 31.0 -43.2 -15.5 4.5 16.3 6.8 25.8 18.3 Long-term external debt 36.2 -44.2 -7.0 7.2 21.3 12.7 21.4 16.6 Short-term external debt 0.0 1.0 -8.0 0.0 0.0 0.0 0.0 0.0 Interest payments 23.4 14.3 9.8 64.7 8.0 7.7 7.6 9.0 Long-term external debt 22.9 13.7 9.2 64.3 7.8 7.4 7.5 8.9 IMF charges 0.3 0.3 0.4 0.4 0.2 0.3 0.2 0.1 Short-term external debt 0.2 0.3 0.2 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 32.4 69.1 58.5 104.5 110.0 100.9 117.0 52.0 Portfolio equity 0.0 0.0 1.3 0.0 0.0 0.0 0.0 0.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 9.8 9.8 9.2 7.5 6.8 5.5 7.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.8 0.9 0.7 0.5 0.4 0.4 0.3 0.3 Swiss franc 1.9 0.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 26.9 39.3 41.8 43.2 43.8 43.6 45.3 43.9 4. Average terms of new commitments Official creditors Interest (%) 0.3 1.7 0.8 3.2 1.7 1.0 5.6 1.6 Maturity (years) 19.3 31.0 38.1 31.0 23.9 40.9 27.0 26.7 Grace period (years) 5.4 8.5 10.3 7.8 6.3 9.3 6.6 6.6 Private creditors Interest (%) 4.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 973.6 1869.6 1872.3 2024.8 2156.5 2258.9 2711.0 2925.9 Exports of goods, services & prim. income 824.4 1397.6 1477.1 1654.9 1695.8 1550.2 1778.1 .. Personal transfers & comp. of employees 478.1 603.5 586.0 625.1 596.2 623.0 745.9 753.5 Imports of goods, services & prim. income 1132.8 1888.5 1970.8 2251.8 2244.8 2276.4 2860.8 .. Primary income on FDI 68.3 191.6 249.4 301.2 333.9 296.4 338.9 .. Current account balance -71.5 -16.9 82.6 98.5 143.7 -2.4 -421.4 .. International reserves 417.9 519.1 658.4 .. .. .. .. .. 6. Ratios External debt stocks to exports (%) 82.1 47.7 44.4 41.3 41.0 48.8 43.7 .. External debt stocks to GNI (%) 69.5 35.7 35.0 33.8 32.2 33.5 28.7 27.1 Debt service to exports (%) 7.5 5.7 3.1 6.0 2.2 2.5 1.9 .. Short-term to external debt stocks (%) 0.6 1.2 .. .. .. .. .. .. Multilateral to external debt stocks (%) 70.3 77.7 83.6 86.0 86.4 80.2 80.2 80.5 Reserves to external debt stocks (%) 61.8 77.8 100.5 .. .. .. .. .. Reserves to imports (months) 4.4 3.3 4.0 .. .. .. .. .. 180 LESOTHO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 656.7 618.9 613.5 642.2 659.2 680.6 697.9 711.6 Public and publicly guaranteed 656.7 618.9 613.5 642.2 659.2 680.6 697.9 711.6 Official creditors 580.9 590.6 591.9 624.6 646.6 667.1 684.3 699.9 Multilateral 475.7 518.4 548.2 587.8 599.9 606.8 622.7 637.7 of which: IBRD 58.6 12.7 9.1 4.2 3.3 2.5 1.8 1.1 IDA 183.2 258.2 274.6 293.2 302.7 310.7 328.4 321.7 Bilateral 105.3 72.2 43.7 36.8 46.7 60.3 61.6 62.2 Private creditors 75.8 28.4 21.6 17.5 12.5 13.6 13.6 11.7 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 74.5 27.6 20.8 16.8 11.9 13.0 13.2 11.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 69.4 21.1 28.6 38.3 45.8 37.4 40.8 40.3 Public and publicly guaranteed 69.4 21.1 28.6 38.3 45.8 37.4 40.8 40.3 Official creditors 67.4 21.1 28.5 38.3 45.8 37.4 40.8 40.3 Multilateral 21.2 17.1 28.1 37.6 29.5 21.6 37.4 36.9 of which: IBRD 9.9 0.1 0.0 0.0 0.0 0.0 0.0 0.0 IDA 7.8 13.1 10.8 14.0 17.2 12.8 29.4 2.8 Bilateral 46.2 3.9 0.4 0.6 16.3 15.7 3.4 3.4 Private creditors 2.0 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 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 33.2 65.3 35.6 31.1 24.5 24.6 19.4 23.7 Public and publicly guaranteed 33.2 65.3 35.6 31.1 24.5 24.6 19.4 23.7 Official creditors 26.4 32.0 27.5 25.8 21.3 23.9 19.1 23.4 Multilateral 14.1 19.7 19.4 22.0 17.8 21.0 16.5 19.8 of which: IBRD 3.9 3.6 3.6 3.6 1.0 0.7 0.7 0.7 IDA 2.5 5.0 5.3 6.0 6.3 6.9 7.2 8.7 Bilateral 12.2 12.3 8.2 3.8 3.5 2.9 2.6 3.6 Private creditors 6.8 33.3 8.1 5.3 3.2 0.7 0.3 0.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 6.8 33.2 8.0 5.2 3.1 0.6 0.2 0.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 22.9 13.7 9.2 64.3 7.8 7.4 7.5 8.9 Public and publicly guaranteed 22.9 13.7 9.2 64.3 7.8 7.4 7.5 8.9 Official creditors 16.0 7.7 7.1 63.3 6.7 6.9 6.4 7.9 Multilateral 7.7 5.5 5.4 5.4 5.3 5.3 4.8 6.3 of which: IBRD 3.2 0.5 0.6 0.5 0.0 0.1 0.0 0.0 IDA 1.4 2.1 2.1 2.2 2.3 2.2 2.3 2.5 Bilateral 8.3 2.1 1.7 57.9 1.4 1.6 1.6 1.6 Private creditors 7.0 6.0 2.1 1.1 1.1 0.5 1.0 1.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 7.0 6.0 2.0 1.0 1.1 0.5 1.0 1.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -10.5 -105.1 -11.9 28.0 11.1 61.8 20.4 15.2 Net flows on external debt 31.0 -43.2 -15.5 4.5 16.3 6.8 25.8 18.3 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 18.3 5.9 1.4 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 27.4 29.5 29.7 28.2 37.4 40.6 40.9 41.5 Interest 12.8 16.1 17.9 18.8 18.9 18.4 17.4 16.4 Private creditors Principal 0.3 0.3 0.2 6.7 0.2 0.2 0.2 0.2 Interest 1.0 1.0 1.0 1.0 0.1 0.1 0.1 0.1 Notes: Large interest payment was made during 2007 to a creditor country to settle a long standing claim. 181 LIBERIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2836.3 3950.6 4191.8 3778.0 3160.8 1850.3 418.7 447.6 Long-term external debt 1104.0 1179.1 1203.8 1033.5 865.0 673.1 182.9 187.2 Public and publicly guaranteed 1104.0 1179.1 1203.8 1033.5 865.0 673.1 182.9 187.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 319.7 349.7 367.3 385.1 890.3 1085.5 235.3 248.2 Short-term external debt 1412.6 2421.8 2620.7 2359.4 1405.5 91.6 0.4 12.2 interest arrears on long-term 1412.6 2421.8 2620.7 2359.4 1405.5 91.6 0.4 12.2 Memorandum items Principal arrears on long-term 1126.7 1307.0 1385.0 1289.0 424.8 252.4 80.5 80.5 Long-term public sector debt 1104.0 1179.1 1203.8 1033.5 865.0 673.1 182.9 187.2 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.0 0.0 5.0 0.0 0.0 0.0 10.0 115.3 External debt flows Disbursements 0.0 0.0 0.0 0.0 880.5 17.6 13.6 34.4 Long-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20.3 IMF purchases 0.0 0.0 0.0 0.0 880.5 17.6 13.6 14.0 Principal repayments 0.6 0.1 0.7 261.4 389.5 36.3 3.7 2.8 Long-term external debt 0.0 0.0 0.0 260.7 37.5 36.3 3.7 2.8 IMF repurchases 0.6 0.1 0.7 0.7 352.0 0.0 0.0 0.0 Net flows -0.6 -0.1 -0.7 -261.4 491.1 -18.6 9.8 31.6 Long-term external debt 0.0 0.0 0.0 -260.7 -37.5 -36.3 -3.7 17.6 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.3 1.8 1.4 381.7 545.2 28.1 2.4 0.7 Long-term external debt 0.0 0.0 0.0 380.5 69.0 16.8 0.6 0.4 IMF charges 1.3 1.7 1.3 1.1 476.2 11.3 1.8 0.2 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 20.8 82.8 107.9 131.6 283.5 127.8 452.3 508.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 11.6 12.7 16.5 2.4 2.6 0.0 0.0 Japanese yen 7.2 6.6 6.4 7.8 8.2 0.0 0.0 0.0 Pound sterling 1.2 1.2 1.2 0.9 0.8 1.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 56.8 53.7 52.8 64.8 82.7 88.9 95.2 96.1 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.8 0.8 Maturity (years) 0.0 0.0 25.1 0.0 0.0 0.0 39.5 39.8 Grace period (years) 0.0 0.0 15.0 0.0 0.0 0.0 10.0 0.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 514.1 394.4 452.0 584.8 691.1 734.7 808.5 1043.8 Exports of goods, services & prim. income .. 354.7 509.5 562.2 781.0 472.2 430.4 .. Personal transfers & comp. of employees .. 31.9 78.8 62.0 58.1 25.1 31.4 32.7 Imports of goods, services & prim. income .. 1317.7 1882.4 1924.2 2310.7 1850.0 1804.7 .. Primary income on FDI .. 7.1 14.0 14.7 22.5 5.8 0.1 0.0 Current account balance .. -183.5 -172.8 -223.2 -354.3 -277.2 -415.2 .. International reserves 0.3 25.4 72.0 119.4 160.9 372.5 .. .. 6. Ratios External debt stocks to exports (%) .. 1113.7 822.8 672.0 404.7 391.9 97.3 .. External debt stocks to GNI (%) 551.7 1001.7 927.4 646.0 457.4 251.8 51.8 42.9 Debt service to exports (%) .. 0.5 0.4 114.4 119.7 13.6 1.4 .. Short-term to external debt stocks (%) 49.8 61.3 62.5 62.5 44.5 5.0 0.1 2.7 Multilateral to external debt stocks (%) 13.9 11.1 10.7 5.1 5.0 8.4 15.1 13.3 Reserves to external debt stocks (%) 0.0 0.6 1.7 3.2 5.1 20.1 .. .. Reserves to imports (months) .. 0.2 0.5 0.7 0.8 2.4 .. .. 182 LIBERIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1104.0 1179.1 1203.8 1033.5 865.0 673.1 182.9 187.2 Public and publicly guaranteed 1104.0 1179.1 1203.8 1033.5 865.0 673.1 182.9 187.2 Official creditors 907.3 981.3 1005.2 831.0 669.8 652.6 182.9 187.2 Multilateral 395.3 440.1 447.9 192.2 157.9 154.5 63.1 59.4 of which: IBRD 129.8 145.6 146.6 0.0 0.0 0.0 0.0 0.0 IDA 100.1 105.9 108.9 76.6 72.0 69.0 0.0 13.7 Bilateral 511.9 541.2 557.2 638.7 511.9 498.1 119.8 127.8 Private creditors 196.8 197.7 198.7 202.5 195.2 20.5 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 179.7 178.5 178.2 180.8 195.2 20.5 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20.3 Public and publicly guaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20.3 Official creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20.3 Multilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.3 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 0.0 0.0 260.7 37.5 36.3 3.7 2.8 Public and publicly guaranteed 0.0 0.0 0.0 260.7 37.5 36.3 3.7 2.8 Official creditors 0.0 0.0 0.0 260.7 37.5 4.3 3.7 2.8 Multilateral 0.0 0.0 0.0 260.7 37.5 4.3 3.7 2.8 of which: IBRD 0.0 0.0 0.0 162.5 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 35.3 4.3 3.3 1.7 0.0 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 32.0 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 32.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 0.0 0.0 0.0 380.5 69.0 16.8 0.6 0.4 Public and publicly guaranteed 0.0 0.0 0.0 380.5 69.0 16.8 0.6 0.4 Official creditors 0.0 0.0 0.0 380.5 69.0 11.8 0.6 0.4 Multilateral 0.0 0.0 0.0 380.5 69.0 11.8 0.6 0.4 of which: IBRD 0.0 0.0 0.0 292.3 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 17.7 1.0 0.5 0.3 0.0 Bilateral 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 5.0 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 5.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 247.8 88.1 241.2 -413.8 -617.1 -1310.5 -1431.6 29.0 Net flows on external debt -0.6 -0.1 -0.7 -261.4 491.1 -18.6 9.8 31.6 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 295.0 2.7 95.4 5.6 Total amount forgiven 0.0 0.0 0.0 0.0 637.0 1449.2 1506.7 17.6 Debt buyback 0.0 0.0 0.0 0.0 0.0 32.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 9.9 10.3 10.3 9.5 7.9 6.9 6.3 5.0 Interest 1.2 1.1 1.0 0.9 0.8 0.7 0.7 0.7 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Historical long-term public and publicly guaranteed debt data are revised based on reports provided by the country. Data include the effects of Paris Club rescheduling agreement signed in 2008 and 2010, and HIPC and MDRI debt relief. 183 LITHUANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,902 11,629 18,778 29,661 32,001 32,037 29,815 29,988 Long-term external debt 3,417 6,108 12,865 21,681 23,615 25,873 24,134 24,540 Public and publicly guaranteed 2,206 2,001 4,589 5,881 5,348 9,073 11,665 12,912 Private nonguaranteed 1,211 4,107 8,277 15,800 18,267 16,800 12,468 11,627 Use of IMF credit 370 196 206 217 211 215 211 211 Short-term external debt 1,114 5,325 5,706 7,763 8,174 5,949 5,469 5,238 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 2,128 1,978 4,575 5,873 5,345 9,073 11,665 12,912 Long-term private sector debt 1,290 4,130 8,290 15,809 18,271 16,800 12,468 11,627 Public & publicly guaranteed commitments 828 0 2,513 822 110 4,458 3,214 1,514 External debt flows Disbursements 1,165 2,863 9,400 14,462 11,074 7,332 7,021 6,801 Long-term external debt 1,165 2,863 9,400 14,462 11,074 7,332 7,021 6,801 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 826 2,277 3,736 7,715 8,342 5,689 8,014 5,770 Long-term external debt 799 2,252 3,736 7,715 8,342 5,689 8,014 5,770 IMF repurchases 27 25 0 0 0 0 0 0 Net flows 383 2,145 6,045 8,805 3,143 -582 -1,473 799 Long-term external debt 366 611 5,664 6,748 2,732 1,642 -993 1,031 Short-term external debt 44 1,559 381 2,057 411 -2,225 -480 -232 Interest payments 289 329 444 755 913 675 744 979 Long-term external debt 215 173 275 529 797 586 669 922 IMF charges 19 6 8 7 2 0 1 0 Short-term external debt 55 150 161 219 114 88 74 57 2. Other non-debt resource inflows Foreign direct investment 379 1,189 2,052 2,325 1,908 89 702 1,443 Portfolio equity 122 130 72 -166 3 -2 37 9 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 81.3 96.5 98.3 98.5 82.8 63.1 55.2 Japanese yen 2.9 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 32.6 17.6 3.1 1.5 1.4 17.2 36.9 44.8 4. Average terms of new commitments Official creditors Interest (%) 7.1 0.0 1.6 0.0 0.0 4.1 3.3 4.4 Maturity (years) 13.3 0.0 5.0 0.0 0.0 23.7 24.9 18.3 Grace period (years) 7.8 0.0 1.0 0.0 0.0 6.9 7.0 5.3 Private creditors Interest (%) 7.8 0.0 4.8 4.9 5.5 7.7 6.8 6.1 Maturity (years) 5.0 0.0 8.1 10.3 13.0 5.7 9.3 9.7 Grace period (years) 4.8 0.0 8.1 10.3 1.0 4.7 9.3 9.7 5. Major economic aggregates Gross national income (GNI) 11,240 25,689 29,634 37,850 46,035 37,817 36,013 41,296 Exports of goods, services & prim. income 5,295 14,378 17,342 20,777 29,477 20,354 24,942 33,561 Personal transfers & comp. of employees 50 534 994 1,433 1,566 1,239 1,674 1,956 Imports of goods, services & prim. income 6,212 16,871 21,285 27,632 36,823 20,255 26,166 35,678 Primary income on FDI 123 711 878 1,423 1,225 -1,064 512 1,314 Current account balance -675 -1,831 -3,218 -5,692 -6,310 1,725 534 -619 International reserves 1,312 3,720 5,654 7,557 6,280 6,420 6,336 7,915 6. Ratios External debt stocks to exports (%) 92.6 80.9 108.3 142.8 108.6 157.4 119.5 89.4 External debt stocks to GNI (%) 43.6 45.3 63.4 78.4 69.5 84.7 82.8 72.6 Debt service to exports (%) 21.1 18.1 24.1 40.8 31.4 31.3 35.1 20.1 Short-term to external debt stocks (%) 22.7 45.8 30.4 26.2 25.5 18.6 18.3 17.5 Multilateral to external debt stocks (%) 9.1 2.6 1.7 0.8 0.7 3.9 5.4 5.3 Reserves to external debt stocks (%) 26.8 32.0 30.1 25.5 19.6 20.0 21.2 26.4 Reserves to imports (months) 2.5 2.6 3.2 3.3 2.0 3.8 2.9 2.7 184 LITHUANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,417 6,108 12,865 21,681 23,615 25,873 24,134 24,540 Public and publicly guaranteed 2,206 2,001 4,589 5,881 5,348 9,073 11,665 12,912 Official creditors 670 472 320 246 214 1,253 1,613 1,597 Multilateral 447 308 313 241 211 1,253 1,613 1,597 of which: IBRD 253 86 81 24 27 23 20 17 IDA 0 0 0 0 0 0 0 0 Bilateral 223 164 7 5 2 0 0 0 Private creditors 1,537 1,529 4,269 5,635 5,135 7,820 10,053 11,316 of which: Bonds 1,130 1,416 4,214 5,594 5,114 7,816 10,052 10,566 Commercial banks 188 63 51 40 20 4 0 750 Private nonguaranteed 1,211 4,107 8,277 15,800 18,267 16,800 12,468 11,627 of which: Bonds 37 0 0 1,030 1,030 1,030 793 793 Disbursements 1,165 2,863 9,400 14,462 11,074 7,332 7,021 6,801 Public and publicly guaranteed 479 45 2,540 843 116 3,589 3,214 1,556 Official creditors 146 45 28 20 6 1,028 464 56 Multilateral 139 42 28 20 6 1,028 464 56 of which: IBRD 66 14 10 0 6 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 7 3 0 0 0 0 0 0 Private creditors 333 0 2,511 822 110 2,561 2,750 1,500 of which: Bonds 300 0 2,511 822 110 2,561 2,750 750 Commercial banks 31 0 0 0 0 0 0 750 Private nonguaranteed 686 2,818 6,860 13,620 10,958 3,742 3,806 5,245 of which: Bonds 37 0 0 1,030 0 0 0 0 Principal repayments 799 2,252 3,736 7,715 8,342 5,689 8,014 5,770 Public and publicly guaranteed 310 802 272 145 344 119 78 76 Official creditors 82 235 208 128 28 30 18 19 Multilateral 62 144 51 125 25 27 18 19 of which: IBRD 9 111 19 58 3 3 3 3 IDA 0 0 0 0 0 0 0 0 Bilateral 19 91 157 3 2 2 0 0 Private creditors 229 567 64 17 316 89 59 57 of which: Bonds 25 405 0 0 294 73 56 57 Commercial banks 146 112 16 15 21 16 4 0 Private nonguaranteed 489 1,451 3,464 7,570 7,999 5,570 7,936 5,694 of which: Bonds 0 0 0 0 0 0 237 0 Interest payments 215 173 275 529 797 586 669 922 Public and publicly guaranteed 136 106 161 156 252 273 506 715 Official creditors 35 36 23 15 11 8 43 77 Multilateral 26 26 14 14 11 8 43 77 of which: IBRD 15 15 4 3 1 1 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 9 10 10 0 0 0 0 0 Private creditors 100 70 137 142 241 265 463 638 of which: Bonds 63 55 131 139 239 264 463 638 Commercial banks 20 6 3 2 2 0 0 0 Private nonguaranteed 80 67 114 373 545 313 163 207 of which: Bonds 0 0 0 41 58 45 18 12 8. Debt stock-flow reconciliation Total change in external debt stocks 298 923 7,149 10,883 2,340 37 -2,223 174 Net flows on external debt 383 2,145 6,045 8,805 3,143 -582 -1,473 799 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 32 18 20 37 121 141 139 136 Interest 44 46 48 48 48 45 42 39 Private creditors Principal 4,269 3,402 2,941 2,633 2,161 1,797 1,322 433 Interest 1,251 1,024 842 635 522 425 348 281 Notes: Long-term public and publicly guaranteed debt data from 2005 are revised based on reports provided by the country. 185 MACEDONIA, FYR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,480 2,981 3,297 4,174 4,694 5,696 5,986 6,286 Long-term external debt 1,333 2,108 2,362 2,564 3,013 3,695 3,831 4,080 Public and publicly guaranteed 1,206 1,637 1,556 1,520 1,574 1,874 1,880 2,108 Private nonguaranteed 127 471 805 1,044 1,438 1,821 1,951 1,972 Use of IMF credit 92 74 68 13 13 103 101 403 Short-term external debt 55 800 867 1,597 1,668 1,899 2,054 1,803 interest arrears on long-term 4 9 15 28 29 30 59 85 Memorandum items Principal arrears on long-term 19 36 49 108 118 107 168 180 Long-term public sector debt 1,201 1,635 1,555 1,519 1,574 1,873 1,880 2,108 Long-term private sector debt 132 473 807 1,044 1,439 1,821 1,951 1,972 Public & publicly guaranteed commitments 123 274 137 103 155 410 253 616 External debt flows Disbursements 155 333 401 538 789 1,012 591 1,242 Long-term external debt 151 318 401 538 789 1,012 591 931 IMF purchases 4 16 0 0 0 0 0 311 Principal repayments 93 182 439 542 293 375 438 737 Long-term external debt 74 171 430 485 293 375 438 737 IMF repurchases 19 11 10 57 0 0 0 0 Net flows 59 117 23 713 566 867 280 228 Long-term external debt 78 147 -29 52 496 637 153 194 Short-term external debt -3 -34 61 717 69 230 127 -277 Interest payments 46 93 125 164 181 178 214 211 Long-term external debt 37 54 82 88 104 93 122 129 IMF charges 3 2 3 2 0 0 0 3 Short-term external debt 5 37 40 74 77 84 92 79 2. Other non-debt resource inflows Foreign direct investment 215 145 427 733 612 260 295 469 Portfolio equity 0 54 86 170 -49 -14 -4 -8 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 40.8 52.3 63.0 64.0 69.6 69.8 73.8 Japanese yen 0.4 0.2 0.5 1.4 3.0 3.6 5.3 5.0 Pound sterling 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.4 0.6 0.5 0.1 0.0 0.0 0.0 0.0 U.S.dollars 71.8 56.6 44.8 34.3 31.8 25.8 23.9 20.3 4. Average terms of new commitments Official creditors Interest (%) 5.5 3.1 3.7 5.0 3.2 1.9 1.4 2.4 Maturity (years) 19.5 16.7 16.8 17.0 17.4 15.3 13.8 13.5 Grace period (years) 6.4 5.1 5.4 5.0 4.6 4.7 4.3 3.3 Private creditors Interest (%) 9.2 4.6 5.8 0.0 1.8 9.9 0.0 4.2 Maturity (years) 3.4 10.0 16.1 0.0 4.3 3.5 4.3 5.4 Grace period (years) 0.5 9.9 3.9 0.0 0.1 3.5 0.9 4.6 5. Major economic aggregates Gross national income (GNI) 3,517 5,871 6,527 7,775 9,719 9,231 9,014 10,013 Exports of goods, services & prim. income 1,679 2,196 2,687 3,831 4,540 3,186 3,808 5,020 Personal transfers & comp. of employees 81 227 267 345 407 381 388 434 Imports of goods, services & prim. income 2,391 3,408 3,952 5,820 7,234 5,397 5,813 7,367 Primary income on FDI 31 142 59 470 253 138 226 255 Current account balance -103 -159 -29 -606 -1,236 -610 -200 -274 International reserves 429 1,229 1,751 2,082 1,920 2,051 1,970 2,331 6. Ratios External debt stocks to exports (%) 88.1 135.8 122.7 108.9 103.4 178.8 157.2 125.2 External debt stocks to GNI (%) 42.1 50.8 50.5 53.7 48.3 61.7 66.4 62.8 Debt service to exports (%) 8.3 12.5 21.0 18.4 10.4 17.3 17.1 18.9 Short-term to external debt stocks (%) 3.7 26.8 26.3 38.3 35.5 33.3 34.3 28.7 Multilateral to external debt stocks (%) 38.5 30.7 31.2 24.9 22.3 19.0 18.8 18.4 Reserves to external debt stocks (%) 29.0 41.2 53.1 49.9 40.9 36.0 32.9 37.1 Reserves to imports (months) 2.2 4.3 5.3 4.3 3.2 4.6 4.1 3.8 186 MACEDONIA, FYR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,333 2,108 2,362 2,564 3,013 3,695 3,831 4,080 Public and publicly guaranteed 1,206 1,637 1,556 1,520 1,574 1,874 1,880 2,108 Official creditors 921 1,202 1,298 1,239 1,277 1,321 1,369 1,392 Multilateral 570 914 1,028 1,040 1,047 1,081 1,127 1,159 of which: IBRD 116 244 259 193 237 271 315 334 IDA 249 364 383 394 386 382 367 357 Bilateral 352 288 270 199 230 240 242 233 Private creditors 284 435 258 281 297 552 512 716 of which: Bonds 0 177 198 221 209 468 434 421 Commercial banks 274 252 56 57 79 77 72 289 Private nonguaranteed 127 471 805 1,044 1,438 1,821 1,951 1,972 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 151 318 401 538 789 1,012 591 931 Public and publicly guaranteed 98 293 112 142 174 347 197 415 Official creditors 96 104 83 138 137 103 190 155 Multilateral 79 94 71 108 86 76 164 146 of which: IBRD 13 54 11 54 52 43 72 52 IDA 38 8 5 0 0 0 0 0 Bilateral 17 11 12 31 52 27 26 9 Private creditors 1 189 29 3 37 244 7 260 of which: Bonds 0 187 0 0 0 244 0 0 Commercial banks 0 2 28 3 30 0 7 256 Private nonguaranteed 54 25 289 396 615 665 394 516 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 74 171 430 485 293 375 438 737 Public and publicly guaranteed 25 81 307 294 78 88 98 126 Official creditors 23 67 79 286 74 81 90 103 Multilateral 20 31 36 171 52 60 64 85 of which: IBRD 3 11 12 134 8 9 11 20 IDA 0 2 4 5 6 7 8 9 Bilateral 3 36 43 115 21 21 26 18 Private creditors 2 14 228 8 5 7 9 23 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 14 227 6 4 5 7 21 Private nonguaranteed 49 90 123 191 215 287 340 611 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 37 54 82 88 104 93 122 129 Public and publicly guaranteed 30 41 52 51 54 47 56 60 Official creditors 20 32 37 38 41 33 22 24 Multilateral 19 20 23 29 33 26 15 20 of which: IBRD 7 7 10 11 10 8 3 5 IDA 2 3 3 3 3 3 3 3 Bilateral 1 12 13 9 8 6 7 4 Private creditors 10 9 15 12 14 15 35 36 of which: Bonds 0 0 9 10 10 10 32 34 Commercial banks 10 8 6 2 3 5 3 3 Private nonguaranteed 7 13 30 38 50 46 66 69 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 43 152 315 877 520 1,002 290 300 Net flows on external debt 59 117 23 713 566 867 280 228 9. Debt restructurings Total amount rescheduled 44 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 166 130 152 149 140 139 127 114 Interest 27 27 26 24 22 19 17 14 Private creditors Principal 523 603 315 383 321 117 98 80 Interest 128 83 62 50 28 17 10 5 187 MADAGASCAR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,716 3,521 1,521 2,283 2,480 2,788 2,699 2,769 Long-term external debt 4,286 3,182 1,242 1,411 1,738 1,855 1,997 2,066 Public and publicly guaranteed 4,286 3,182 1,242 1,411 1,717 1,836 1,982 2,053 Private nonguaranteed 0 0 0 0 21 19 15 12 Use of IMF credit 129 240 58 73 129 284 278 273 Short-term external debt 301 99 221 799 613 649 425 430 interest arrears on long-term 203 72 186 189 188 189 188 188 Memorandum items Principal arrears on long-term 665 218 223 195 196 196 195 196 Long-term public sector debt 4,164 3,136 1,238 1,407 1,714 1,835 1,981 2,052 Long-term private sector debt 122 46 4 3 24 20 16 13 Public & publicly guaranteed commitments 187 295 284 192 544 83 0 42 External debt flows Disbursements 200 265 291 273 404 126 198 90 Long-term external debt 150 249 280 261 345 126 198 90 IMF purchases 50 17 12 12 59 0 0 0 Principal repayments 79 48 36 9 20 34 39 22 Long-term external debt 74 38 36 9 20 34 37 19 IMF repurchases 5 10 0 0 0 0 2 4 Net flows 45 244 263 839 198 127 -65 74 Long-term external debt 76 211 243 252 325 92 160 72 Short-term external debt -76 27 8 575 -186 35 -224 6 Interest payments 39 31 25 26 24 21 21 20 Long-term external debt 28 28 21 10 11 15 16 16 IMF charges 1 2 1 1 1 1 1 0 Short-term external debt 9 1 2 15 13 6 5 4 2. Other non-debt resource inflows Foreign direct investment 83 85 295 773 1,169 1,066 860 907 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 5.8 3.0 2.3 2.4 2.5 2.1 Japanese yen 7.4 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 0.9 0.1 0.4 0.4 0.3 0.3 0.3 0.3 U.S.dollars 56.8 71.9 55.7 57.2 53.8 52.5 53.1 53.1 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.8 0.8 1.1 1.2 1.0 0.0 0.8 Maturity (years) 40.1 37.8 43.5 33.5 29.4 36.1 0.0 39.4 Grace period (years) 10.2 9.8 10.1 9.0 6.5 6.7 0.0 0.4 Private creditors Interest (%) 0.0 1.0 0.0 0.0 4.3 0.0 0.0 0.0 Maturity (years) 0.0 30.8 0.0 0.0 4.3 0.0 0.0 0.0 Grace period (years) 0.0 11.3 0.0 0.0 0.3 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,807 4,960 5,435 7,288 9,344 8,397 8,628 9,760 Exports of goods, services & prim. income 1,210 954 1,698 2,342 2,614 1,982 1,653 1,965 Personal transfers & comp. of employees 11 11 .. .. .. .. .. .. Imports of goods, services & prim. income 1,584 1,743 2,484 3,606 4,805 4,134 2,744 3,003 Primary income on FDI 4 38 0 0 0 0 0 0 Current account balance -260 -554 -537 -898 -1,726 -1,840 -1,210 -979 International reserves 285 481 583 847 982 1,135 1,172 1,279 6. Ratios External debt stocks to exports (%) 389.7 369.2 89.5 97.5 94.9 140.7 163.3 140.9 External debt stocks to GNI (%) 123.9 71.0 28.0 31.3 26.5 33.2 31.3 28.4 Debt service to exports (%) 9.7 8.3 3.6 1.5 1.7 2.8 3.7 2.1 Short-term to external debt stocks (%) 6.4 2.8 14.5 35.0 24.7 23.3 15.7 15.5 Multilateral to external debt stocks (%) 38.7 80.6 58.4 47.9 55.6 51.9 57.0 58.0 Reserves to external debt stocks (%) 6.0 13.7 38.4 37.1 39.6 40.7 43.4 46.2 Reserves to imports (months) 2.2 3.3 2.8 2.8 2.5 3.3 5.1 5.1 188 MADAGASCAR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 4,286 3,182 1,242 1,411 1,738 1,855 1,997 2,066 Public and publicly guaranteed 4,286 3,182 1,242 1,411 1,717 1,836 1,982 2,053 Official creditors 4,247 3,173 1,236 1,404 1,710 1,829 1,975 2,046 Multilateral 1,828 2,839 888 1,093 1,378 1,447 1,538 1,606 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,378 2,298 636 865 1,066 1,105 1,161 1,198 Bilateral 2,419 334 347 311 332 382 437 440 Private creditors 39 9 6 6 7 7 7 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 23 8 5 5 6 6 6 6 Private nonguaranteed 0 0 0 0 21 19 15 12 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 150 249 280 261 345 126 198 90 Public and publicly guaranteed 150 249 280 261 342 124 198 90 Official creditors 150 249 280 261 342 124 197 90 Multilateral 143 248 256 250 300 71 118 83 of which: IBRD 0 0 0 0 0 0 0 0 IDA 94 221 178 198 211 31 76 46 Bilateral 7 1 24 10 41 54 79 8 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 3 2 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 74 38 36 9 20 34 37 19 Public and publicly guaranteed 74 38 36 9 20 32 36 18 Official creditors 73 37 33 8 20 32 36 18 Multilateral 37 22 19 7 5 14 11 10 of which: IBRD 0 0 0 0 0 0 0 0 IDA 17 11 7 0 1 1 1 4 Bilateral 36 15 14 1 14 18 25 7 Private creditors 0 1 3 1 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 3 0 0 0 0 0 Private nonguaranteed 0 0 0 0 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 28 28 21 10 11 15 16 16 Public and publicly guaranteed 28 28 21 10 11 15 16 16 Official creditors 28 28 21 10 11 15 16 16 Multilateral 17 22 16 9 10 12 12 13 of which: IBRD 0 0 0 0 0 0 0 0 IDA 10 17 11 6 7 8 8 9 Bilateral 11 6 5 1 1 3 4 3 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -55 -297 -2,001 762 197 308 -89 70 Net flows on external debt 45 244 263 839 198 127 -65 74 9. Debt restructurings Total amount rescheduled 0 26 11 1 0 0 0 0 Total amount forgiven 0 100 2,475 143 6 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 78 68 78 76 60 66 74 75 Interest 19 19 19 19 18 17 17 16 Private creditors Principal 1 0 0 0 0 1 1 1 Interest 0 0 0 0 0 0 0 0 Notes: Data include the effects of HIPC and MDRI debt relief. 189 MALAWI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2719.2 3198.9 869.6 868.8 995.6 1144.3 1038.3 1202.4 Long-term external debt 2544.1 3061.8 764.6 759.5 769.0 846.4 729.1 925.7 Public and publicly guaranteed 2544.1 3061.8 764.6 759.5 769.0 846.4 729.1 925.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 96.8 90.9 36.0 48.3 141.6 230.9 248.2 246.7 Short-term external debt 78.3 46.2 69.0 61.0 85.0 67.0 61.0 30.0 interest arrears on long-term 36.7 34.2 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 72.3 13.3 0.0 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 2541.4 3061.8 764.6 759.5 769.0 846.4 729.1 925.7 Long-term private sector debt 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 58.5 24.7 20.1 105.1 178.0 193.8 92.0 345.5 External debt flows Disbursements 127.0 96.5 108.4 79.1 162.5 107.3 102.1 205.5 Long-term external debt 118.6 88.5 94.0 68.9 65.6 107.3 80.9 205.5 IMF purchases 8.5 8.0 14.5 10.2 97.0 0.0 21.2 0.0 Principal repayments 41.8 52.3 48.8 19.8 16.7 22.4 13.2 14.0 Long-term external debt 32.7 37.8 31.6 19.8 16.7 22.4 13.2 13.2 IMF repurchases 9.1 14.5 17.1 0.0 0.0 0.0 0.0 0.8 Net flows 83.3 45.3 111.7 -4.6 145.8 151.9 82.9 160.5 Long-term external debt 85.8 50.8 62.3 49.2 48.9 84.9 67.8 192.3 Short-term external debt -1.9 1.0 22.8 -8.0 24.0 -18.0 -6.0 -31.0 Interest payments 21.8 23.9 21.6 13.9 17.1 16.1 8.1 7.6 Long-term external debt 17.9 21.8 18.0 11.4 14.9 14.8 6.9 7.2 IMF charges 1.0 1.7 1.7 0.7 0.4 0.9 0.3 0.1 Short-term external debt 2.9 0.5 1.9 1.8 1.8 0.4 0.8 0.3 2. Other non-debt resource inflows Foreign direct investment 26.0 139.7 35.6 124.4 195.4 49.1 97.0 92.4 Portfolio equity 0.0 -3.9 -2.5 -1.7 -1.5 -0.3 1.0 -1.0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.3 8.5 5.0 3.5 3.1 3.6 3.8 Japanese yen 8.4 6.2 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 6.2 4.8 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 65.9 65.8 56.1 57.1 54.2 53.1 41.7 40.7 4. Average terms of new commitments Official creditors Interest (%) 0.8 1.4 0.8 1.7 1.2 1.4 0.8 1.3 Maturity (years) 44.7 41.4 34.6 35.3 35.4 30.6 34.3 31.6 Grace period (years) 10.1 8.9 10.7 9.3 12.7 7.3 9.0 3.9 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1707.2 2713.7 3078.4 3436.7 4050.5 4655.9 4927.8 5395.6 Exports of goods, services & prim. income 470.7 609.3 792.7 878.8 1026.2 1347.8 1221.9 1615.0 Personal transfers & comp. of employees 0.7 22.5 14.8 21.0 16.7 16.7 16.7 17.4 Imports of goods, services & prim. income 679.6 1390.0 1400.2 1612.3 2166.0 2369.9 2691.7 2954.0 Primary income on FDI 15.1 51.6 56.5 67.1 138.9 102.8 173.2 85.2 Current account balance -73.5 -506.7 -306.6 -411.6 -702.7 -553.4 -905.2 -764.7 International reserves 243.0 158.9 133.8 216.6 242.8 149.4 307.4 197.4 6. Ratios External debt stocks to exports (%) 577.7 525.0 109.1 91.9 88.7 84.9 85.0 74.5 External debt stocks to GNI (%) 159.3 117.9 28.1 23.5 22.5 24.6 21.1 22.3 Debt service to exports (%) 13.5 12.5 8.9 3.8 3.1 2.9 1.7 1.3 Short-term to external debt stocks (%) 2.9 1.4 7.4 .. .. 5.9 5.9 2.5 Multilateral to external debt stocks (%) 75.2 80.1 49.8 54.1 53.4 47.8 56.4 52.6 Reserves to external debt stocks (%) 8.9 5.0 15.5 26.8 26.7 13.1 29.6 16.4 Reserves to imports (months) 4.3 1.4 1.1 1.6 1.3 0.8 1.4 0.8 190 MALAWI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2544.1 3061.8 764.6 759.5 769.0 846.4 729.1 925.7 Public and publicly guaranteed 2544.1 3061.8 764.6 759.5 769.0 846.4 729.1 925.7 Official creditors 2526.1 3043.4 757.0 752.2 763.4 840.5 723.6 920.4 Multilateral 2044.4 2561.4 430.8 437.0 486.3 546.9 585.5 632.7 of which: IBRD 8.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1592.2 1940.4 156.9 177.6 187.7 212.8 242.6 274.1 Bilateral 481.8 482.1 326.2 315.2 277.1 293.7 138.2 287.8 Private creditors 17.9 18.4 7.6 7.3 5.6 5.8 5.4 5.2 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 16.7 6.2 6.0 5.6 5.8 5.4 5.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 118.6 88.5 94.0 68.9 65.6 107.3 80.9 205.5 Public and publicly guaranteed 118.6 88.5 94.0 68.9 65.6 107.3 80.9 205.5 Official creditors 118.6 88.5 94.0 68.9 65.6 107.3 80.9 205.5 Multilateral 118.6 87.7 82.2 51.5 61.8 56.1 55.9 60.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 97.0 45.1 46.2 13.8 11.9 24.2 33.9 34.6 Bilateral 0.0 0.8 11.7 17.4 3.8 51.2 25.0 145.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 32.7 37.8 31.6 19.8 16.7 22.4 13.2 13.2 Public and publicly guaranteed 32.7 37.8 31.6 19.8 16.7 22.4 13.2 13.2 Official creditors 32.7 35.2 30.1 18.7 16.6 22.4 13.2 13.2 Multilateral 30.1 29.7 24.7 8.0 6.5 9.8 10.3 9.8 of which: IBRD 7.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 IDA 15.8 12.4 9.8 0.0 0.0 0.0 0.1 0.4 Bilateral 2.6 5.5 5.4 10.8 10.1 12.6 2.8 3.4 Private creditors 0.0 2.5 1.5 1.0 0.1 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.4 1.4 0.9 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 17.9 21.8 18.0 11.4 14.9 14.8 6.9 7.2 Public and publicly guaranteed 17.9 21.8 18.0 11.4 14.9 14.8 6.9 7.2 Official creditors 17.9 21.6 17.8 11.3 14.8 14.7 6.9 7.0 Multilateral 17.2 20.1 16.6 3.8 4.1 4.4 4.9 5.1 of which: IBRD 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 11.7 14.2 9.7 0.6 0.8 0.9 1.2 1.6 Bilateral 0.6 1.5 1.2 7.5 10.7 10.3 2.0 2.0 Private creditors 0.0 0.2 0.2 0.1 0.1 0.1 0.0 0.2 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.2 0.2 0.1 0.1 0.1 0.0 0.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -37.2 -245.5 -2334.3 -56.8 102.8 233.7 -106.0 164.1 Net flows on external debt 83.3 45.3 111.7 -4.6 145.8 151.9 82.9 160.5 9. Debt restructurings Total amount rescheduled 0.0 1.0 179.7 24.0 0.0 10.6 0.0 0.0 Total amount forgiven 0.0 53.6 2512.0 56.1 16.3 1.1 1.3 1.4 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 27.4 30.1 33.5 36.2 41.7 40.8 42.0 48.2 Interest 12.8 13.3 13.6 13.5 13.3 12.8 12.3 11.8 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 Interest 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Notes: Data include the effects of Paris Club rescheduling agreement signed in 2006, and HIPC and MDRI debt relief. 191 MALAYSIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 41,946 52,054 55,658 63,091 67,674 69,784 85,126 94,468 Long-term external debt 37,192 38,679 43,646 39,771 44,660 43,979 47,977 48,697 Public and publicly guaranteed 19,125 22,324 23,022 19,745 22,742 22,647 27,351 27,156 Private nonguaranteed 18,067 16,356 20,624 20,026 21,918 21,332 20,626 21,541 Use of IMF credit 181 199 209 220 214 2,110 2,073 2,067 Short-term external debt 4,573 13,176 11,803 23,100 22,800 23,695 35,076 43,704 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 19,026 22,305 23,011 19,742 22,742 18,147 22,851 22,656 Long-term private sector debt 18,166 16,374 20,635 20,030 21,918 25,832 25,126 26,041 Public & publicly guaranteed commitments 5,464 1,212 2,535 1,017 2,533 4,500 5,742 3,194 External debt flows Disbursements 5,921 6,050 7,583 5,852 5,180 8,339 14,720 12,858 Long-term external debt 5,921 6,050 7,583 5,852 5,180 8,339 14,720 12,858 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 4,146 7,192 5,269 7,819 6,258 9,793 11,349 8,966 Long-term external debt 4,146 7,192 5,269 7,819 6,258 9,793 11,349 8,966 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 337 601 942 9,331 -1,378 -560 14,753 12,521 Long-term external debt 1,775 -1,142 2,315 -1,967 -1,078 -1,455 3,372 3,893 Short-term external debt -1,439 1,744 -1,373 11,297 -300 895 11,381 8,628 Interest payments 2,295 2,189 2,356 2,636 2,590 2,333 2,011 1,891 Long-term external debt 2,021 1,858 1,867 2,035 2,112 1,746 1,708 1,562 IMF charges 8 6 9 8 2 5 7 2 Short-term external debt 266 325 480 594 476 581 297 327 2. Other non-debt resource inflows Foreign direct investment 3,788 3,925 7,691 9,071 7,573 115 9,167 10,779 Portfolio equity 0 -1,200 2,355 -669 -10,716 -449 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 4.2 4.5 5.8 4.7 0.1 0.1 0.0 Japanese yen 27.7 22.4 19.2 19.4 19.5 14.9 11.7 10.2 Pound sterling 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 63.1 71.2 72.2 65.9 68.7 78.2 82.3 83.0 4. Average terms of new commitments Official creditors Interest (%) 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 24.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 7.0 5.2 6.0 5.8 4.7 5.3 3.3 4.4 Maturity (years) 7.6 9.6 9.4 9.7 7.0 8.4 4.7 7.6 Grace period (years) 4.0 9.5 6.6 8.0 0.8 8.4 2.6 7.1 5. Major economic aggregates Gross national income (GNI) 86,182 131,631 151,887 182,709 215,834 188,758 229,566 271,471 Exports of goods, services & prim. income 114,356 166,725 191,060 217,001 242,055 197,562 243,692 279,472 Personal transfers & comp. of employees 342 1,117 1,365 1,556 1,329 1,131 1,102 1,235 Imports of goods, services & prim. income 103,944 142,268 160,300 182,563 197,879 160,181 209,619 240,550 Primary income on FDI 7,173 8,330 8,858 9,932 13,838 11,119 15,338 18,184 Current account balance 8,488 19,980 26,200 29,770 38,914 31,801 27,290 32,025 International reserves 28,330 69,858 82,132 101,019 91,149 95,432 104,884 131,780 6. Ratios External debt stocks to exports (%) 36.7 31.2 29.1 29.1 28.0 35.3 34.9 33.8 External debt stocks to GNI (%) 48.7 39.5 36.6 34.5 31.4 37.0 37.1 34.8 Debt service to exports (%) 5.6 5.6 4.0 4.8 3.7 6.1 5.5 3.9 Short-term to external debt stocks (%) 10.9 25.3 21.2 36.6 33.7 34.0 41.2 46.3 Multilateral to external debt stocks (%) 3.1 1.8 1.4 0.7 0.6 0.4 0.3 0.2 Reserves to external debt stocks (%) 67.5 134.2 147.6 160.1 134.7 136.8 123.2 139.5 Reserves to imports (months) 3.3 5.9 6.1 6.6 5.5 7.1 6.0 6.6 192 MALAYSIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 37,192 38,679 43,646 39,771 44,660 43,979 47,977 48,697 Public and publicly guaranteed 19,125 22,324 23,022 19,745 22,742 22,647 27,351 27,156 Official creditors 4,950 6,542 6,605 4,374 5,164 4,092 3,750 3,263 Multilateral 1,314 936 798 471 399 303 237 207 of which: IBRD 812 533 437 135 85 39 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 3,637 5,606 5,807 3,903 4,765 3,789 3,513 3,056 Private creditors 14,175 15,782 16,417 15,372 17,578 18,555 23,601 23,893 of which: Bonds 9,836 12,521 13,269 13,112 13,046 14,600 17,132 19,244 Commercial banks 2,292 1,867 1,987 1,307 3,729 3,380 6,045 4,350 Private nonguaranteed 18,067 16,356 20,624 20,026 21,918 21,332 20,626 21,541 of which: Bonds 3,402 7,623 7,960 7,009 6,568 5,927 4,893 5,509 Disbursements 5,921 6,050 7,583 5,852 5,180 8,339 14,720 12,858 Public and publicly guaranteed 3,460 2,182 2,347 1,373 1,942 5,319 6,014 3,313 Official creditors 1,446 981 396 206 98 47 18 10 Multilateral 61 36 30 21 13 8 5 3 of which: IBRD 15 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 1,385 944 366 185 85 39 13 7 Private creditors 2,015 1,201 1,951 1,166 1,844 5,271 5,996 3,303 of which: Bonds 1,061 1,150 1,545 815 0 4,500 2,339 2,892 Commercial banks 672 51 405 352 1,844 771 3,658 411 Private nonguaranteed 2,461 3,868 5,237 4,479 3,238 3,020 8,706 9,545 of which: Bonds 361 1,615 620 0 0 0 400 1,293 Principal repayments 4,146 7,192 5,269 7,819 6,258 9,793 11,349 8,966 Public and publicly guaranteed 2,017 4,752 2,447 3,646 1,503 5,351 1,863 3,593 Official creditors 840 1,218 811 1,691 820 1,053 688 612 Multilateral 139 155 167 354 100 102 75 34 of which: IBRD 100 92 96 302 50 47 38 0 IDA 0 0 0 0 0 0 0 0 Bilateral 701 1,064 644 1,337 720 951 612 578 Private creditors 1,176 3,534 1,635 1,956 683 4,298 1,176 2,981 of which: Bonds 200 2,036 920 1,170 0 2,959 0 750 Commercial banks 864 1,256 484 556 436 1,119 992 2,096 Private nonguaranteed 2,129 2,440 2,822 4,172 4,755 4,442 9,486 5,373 of which: Bonds 745 237 337 1,000 250 1,398 715 420 Interest payments 2,021 1,858 1,867 2,035 2,112 1,746 1,708 1,562 Public and publicly guaranteed 1,159 1,208 1,177 1,192 1,058 876 1,024 1,016 Official creditors 259 314 228 202 129 124 97 85 Multilateral 98 47 40 32 20 15 10 7 of which: IBRD 66 33 27 19 8 4 2 0 IDA 0 0 0 0 0 0 0 0 Bilateral 160 267 188 170 109 109 87 78 Private creditors 900 894 949 990 929 752 927 931 of which: Bonds 599 746 782 821 802 652 771 853 Commercial banks 189 91 109 119 90 83 147 73 Private nonguaranteed 862 650 690 843 1,053 870 684 545 of which: Bonds 159 363 437 434 373 339 295 266 8. Debt stock-flow reconciliation Total change in external debt stocks -30 -177 3,604 7,433 4,583 2,110 15,342 9,341 Net flows on external debt 337 601 942 9,331 -1,378 -560 14,753 12,521 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 617 352 324 260 234 203 180 170 Interest 78 65 55 46 39 32 26 21 Private creditors Principal 7,035 5,381 7,409 8,832 5,806 2,213 70 3,070 Interest 1,546 1,395 1,245 969 681 549 525 523 Notes: Long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt data for 2011 are World Bank staff estimates based on reports provided by the country. 193 MALDIVES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 206.4 389.1 580.6 853.1 917.3 981.0 1007.4 983.0 Long-term external debt 184.7 326.5 473.1 656.4 697.1 774.5 756.1 726.3 Public and publicly guaranteed 184.7 326.5 378.5 437.9 488.6 558.7 640.9 684.4 Private nonguaranteed 0.0 0.0 94.6 218.5 208.5 215.8 115.2 41.9 Use of IMF credit 0.4 6.3 6.6 6.9 4.4 20.9 27.6 27.5 Short-term external debt 21.4 56.3 100.9 189.8 215.9 185.6 223.7 229.2 interest arrears on long-term 0.0 0.3 0.2 0.0 1.6 1.0 2.9 1.3 Memorandum items Principal arrears on long-term 0.0 0.0 0.0 0.0 8.6 8.8 2.4 4.2 Long-term public sector debt 183.4 299.5 354.5 416.9 470.6 543.7 628.9 675.4 Long-term private sector debt 1.2 27.0 118.6 239.5 226.5 230.8 127.2 50.9 Public & publicly guaranteed commitments 38.1 73.7 144.4 70.8 193.7 118.7 127.2 140.0 External debt flows Disbursements 13.6 55.6 80.1 105.2 144.9 164.7 176.3 124.5 Long-term external debt 13.6 49.5 80.1 105.2 144.9 156.8 168.5 124.5 IMF purchases 0.0 6.1 0.0 0.0 0.0 7.9 7.8 0.0 Principal repayments 13.9 24.8 32.4 51.7 67.2 70.6 63.5 73.6 Long-term external debt 13.9 24.8 32.4 51.7 64.7 67.4 62.7 73.6 IMF repurchases 0.0 0.0 0.0 0.0 2.4 3.2 0.8 0.0 Net flows -3.8 54.8 92.4 142.7 102.2 64.5 148.9 58.0 Long-term external debt -0.4 24.7 47.7 53.6 80.2 89.4 105.8 50.9 Short-term external debt -3.5 24.0 44.7 89.1 24.5 -29.6 36.1 7.2 Interest payments 5.9 11.1 17.7 28.4 29.3 22.8 21.0 20.3 Long-term external debt 4.7 9.0 12.3 17.8 20.5 17.2 11.2 11.4 IMF charges 0.0 0.2 0.3 0.4 0.3 0.1 0.2 0.2 Short-term external debt 1.2 2.0 5.1 10.2 8.6 5.5 9.7 8.6 2. Other non-debt resource inflows Foreign direct investment 22.3 53.0 63.8 90.6 134.8 112.3 163.8 281.6 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.6 14.9 20.8 22.7 19.1 18.7 19.0 Japanese yen 0.0 0.0 0.0 0.0 0.3 1.3 4.6 4.9 Pound sterling 0.2 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 53.3 55.3 51.3 47.8 47.0 53.7 47.2 43.9 4. Average terms of new commitments Official creditors Interest (%) 2.5 1.1 3.6 4.1 0.9 2.3 1.6 0.6 Maturity (years) 34.7 30.5 19.5 20.1 12.9 23.7 23.3 12.6 Grace period (years) 9.3 7.4 4.5 5.2 4.0 5.5 6.5 2.9 Private creditors Interest (%) 6.6 6.6 8.4 6.9 0.0 2.1 0.0 0.0 Maturity (years) 8.8 7.8 10.3 8.3 0.0 11.2 0.0 0.0 Grace period (years) 1.1 1.6 1.5 1.8 0.0 1.7 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 594.3 945.4 1241.8 1469.4 1805.6 1858.3 1983.8 1959.6 Exports of goods, services & prim. income 467.5 495.4 792.7 898.8 1063.1 833.7 953.4 .. Personal transfers & comp. of employees 2.2 2.3 2.8 3.0 3.4 3.7 4.1 4.5 Imports of goods, services & prim. income 492.0 910.4 1102.8 1322.9 1646.9 1195.7 1349.4 .. Primary income on FDI 34.4 31.0 41.0 44.9 35.9 26.4 30.8 .. Current account balance -51.5 -273.0 -302.0 -437.8 -647.3 -418.7 -462.7 -490.1 International reserves 122.8 189.0 234.4 311.4 243.6 275.6 364.3 348.7 6. Ratios External debt stocks to exports (%) 44.1 78.5 73.2 94.9 86.3 117.7 105.7 .. External debt stocks to GNI (%) 34.7 41.2 46.8 58.1 50.8 52.8 50.8 50.2 Debt service to exports (%) 4.2 7.3 6.3 8.9 9.1 11.2 8.9 .. Short-term to external debt stocks (%) 10.3 14.5 17.4 22.2 23.5 18.9 22.2 23.3 Multilateral to external debt stocks (%) 57.5 44.7 37.3 30.5 30.0 28.7 30.0 30.6 Reserves to external debt stocks (%) 59.5 48.6 40.4 36.5 26.6 28.1 36.2 35.5 Reserves to imports (months) 3.0 2.5 2.6 2.8 1.8 2.8 3.2 .. 194 MALDIVES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 184.7 326.5 473.1 656.4 697.1 774.5 756.1 726.3 Public and publicly guaranteed 184.7 326.5 378.5 437.9 488.6 558.7 640.9 684.4 Official creditors 154.8 277.0 315.9 353.5 374.3 461.2 535.4 574.4 Multilateral 118.8 173.9 216.6 260.5 275.3 282.0 302.7 300.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 46.4 64.4 69.8 76.7 79.1 84.2 98.6 102.7 Bilateral 36.0 103.1 99.3 93.0 99.0 179.2 232.7 273.7 Private creditors 29.9 49.6 62.6 84.4 114.2 97.5 105.5 109.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 19.5 48.3 61.5 83.5 113.6 97.0 105.3 109.9 Private nonguaranteed 0.0 0.0 94.6 218.5 208.5 215.8 115.2 41.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 13.6 49.5 80.1 105.2 144.9 156.8 168.5 124.5 Public and publicly guaranteed 13.6 49.5 63.7 71.2 100.2 112.0 142.4 115.9 Official creditors 6.3 33.2 46.3 42.6 52.8 107.3 108.4 82.6 Multilateral 6.1 16.1 38.9 39.0 36.0 16.0 46.6 21.5 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 3.3 4.6 3.4 5.2 4.2 5.8 17.3 6.5 Bilateral 0.2 17.1 7.4 3.5 16.8 91.3 61.8 61.1 Private creditors 7.3 16.3 17.5 28.6 47.4 4.6 34.0 33.2 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 4.0 16.3 17.5 28.6 47.4 4.6 34.0 33.2 Private nonguaranteed 0.0 0.0 16.4 34.0 44.7 44.8 26.1 8.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 13.9 24.8 32.4 51.7 64.7 67.4 62.7 73.6 Public and publicly guaranteed 13.9 24.8 24.0 31.2 40.9 47.1 53.8 69.7 Official creditors 6.7 15.8 16.6 20.5 25.5 24.2 29.9 44.2 Multilateral 2.4 4.3 4.6 8.7 15.0 13.7 18.6 21.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.4 1.0 1.1 1.1 1.2 1.3 1.6 1.9 Bilateral 4.3 11.5 12.0 11.8 10.5 10.5 11.3 23.1 Private creditors 7.3 9.0 7.5 10.7 15.4 22.9 23.9 25.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 5.8 7.3 7.2 10.4 15.1 22.7 23.6 25.3 Private nonguaranteed 0.0 0.0 8.4 20.5 23.9 20.3 8.9 3.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 4.7 9.0 12.3 17.8 20.5 17.2 11.2 11.4 Public and publicly guaranteed 4.7 9.0 10.2 12.4 13.6 12.9 9.7 10.9 Official creditors 2.6 6.7 7.4 8.6 8.6 7.6 6.0 6.6 Multilateral 1.5 2.1 2.2 3.7 4.8 4.3 3.2 3.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.5 0.5 0.5 0.6 0.6 0.7 0.8 Bilateral 1.1 4.6 5.2 4.8 3.8 3.2 2.8 3.4 Private creditors 2.2 2.2 2.8 3.8 5.0 5.3 3.7 4.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.8 2.2 2.8 3.8 5.0 5.3 3.7 4.3 Private nonguaranteed 0.0 0.0 2.1 5.4 6.9 4.2 1.5 0.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -12.9 23.4 191.5 272.5 64.2 63.7 26.4 -24.4 Net flows on external debt -3.8 54.8 92.4 142.7 102.2 64.5 148.9 58.0 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 119.1 35.6 45.7 43.5 51.1 46.9 45.0 44.8 Interest 7.0 7.4 7.4 7.4 7.2 6.9 6.6 6.3 Private creditors Principal 38.2 26.0 23.8 18.4 15.0 11.4 9.8 8.8 Interest 14.9 11.0 7.8 5.7 4.1 2.8 1.8 0.9 Notes: Long-term private nonguaranteed and short-term debt data from 2006 are World Bank staff estimates based on reports provided by the country. 195 MALI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,981 3,224 1,615 1,851 2,056 2,211 2,464 2,931 Long-term external debt 2,671 3,036 1,553 1,807 1,985 2,002 2,271 2,508 Public and publicly guaranteed 2,671 3,036 1,553 1,807 1,985 2,002 2,271 2,508 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 196 132 32 38 65 184 187 230 Short-term external debt 114 55 30 6 7 25 6 193 interest arrears on long-term 42 6 6 6 7 1 0 18 Memorandum items Principal arrears on long-term 541 80 91 27 36 4 1 47 Long-term public sector debt 2,671 3,036 1,553 1,807 1,985 2,002 2,271 2,508 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 245 440 337 436 302 533 556 671 External debt flows Disbursements 109 282 151 261 263 497 318 338 Long-term external debt 100 280 145 257 234 494 312 293 IMF purchases 9 2 6 4 28 3 6 46 Principal repayments 66 69 58 43 44 46 39 41 Long-term external debt 50 52 58 43 44 46 39 40 IMF repurchases 16 17 0 0 0 0 0 1 Net flows -31 219 68 194 218 475 260 466 Long-term external debt 50 228 87 214 190 448 272 252 Short-term external debt -73 5 -25 -24 0 24 -18 169 Interest payments 27 31 27 21 25 23 22 27 Long-term external debt 18 27 24 19 24 22 21 25 IMF charges 2 1 1 1 0 1 0 0 Short-term external debt 8 3 2 1 0 0 0 1 2. Other non-debt resource inflows Foreign direct investment 82 175 17 -50 100 103 27 178 Portfolio equity 0 9 3 -6 -3 -3 1 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 14.4 19.8 18.1 15.4 3.1 3.5 3.2 Japanese yen 2.9 2.1 3.8 3.3 3.5 0.0 0.0 0.0 Pound sterling 1.8 0.1 0.2 0.0 0.0 0.0 0.0 0.0 Swiss franc 1.5 1.6 3.4 0.0 0.0 0.0 0.0 0.0 U.S.dollars 33.9 45.2 29.8 32.0 31.6 34.1 36.7 37.8 4. Average terms of new commitments Official creditors Interest (%) 0.6 1.1 0.7 1.4 1.1 1.1 0.9 1.0 Maturity (years) 34.9 34.4 38.7 32.0 36.8 34.3 28.1 32.8 Grace period (years) 8.8 8.6 8.2 8.2 9.3 8.6 8.5 7.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 5.9 4.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 11.4 11.2 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 4.9 4.7 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2,392 5,099 5,524 7,146 8,425 8,508 9,003 10,082 Exports of goods, services & prim. income 665 1,443 1,933 2,004 2,653 2,210 2,508 .. Personal transfers & comp. of employees 73 177 212 344 431 454 473 457 Imports of goods, services & prim. income 1,046 2,108 2,476 2,985 4,171 3,351 4,236 .. Primary income on FDI 76 190 251 262 326 459 402 0 Current account balance -255 -438 -219 -581 -1,063 -655 -1,190 .. International reserves 382 854 970 1,087 1,072 1,604 1,344 1,379 6. Ratios External debt stocks to exports (%) 448.5 223.4 83.6 92.3 77.5 100.1 98.2 .. External debt stocks to GNI (%) 124.6 63.2 29.2 25.9 24.4 26.0 27.4 29.1 Debt service to exports (%) 14.1 6.9 4.4 3.2 2.6 3.1 2.5 .. Short-term to external debt stocks (%) 3.8 1.7 1.9 0.3 0.3 1.1 0.2 6.6 Multilateral to external debt stocks (%) 50.8 69.5 43.5 52.1 55.8 70.8 72.6 68.3 Reserves to external debt stocks (%) 12.8 26.5 60.0 58.7 52.1 72.6 54.6 47.0 Reserves to imports (months) 4.4 4.9 4.7 4.4 3.1 5.7 3.8 .. 196 MALI (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,671 3,036 1,553 1,807 1,985 2,002 2,271 2,508 Public and publicly guaranteed 2,671 3,036 1,553 1,807 1,985 2,002 2,271 2,508 Official creditors 2,671 3,032 1,546 1,800 1,979 1,995 2,266 2,504 Multilateral 1,513 2,241 703 964 1,148 1,565 1,790 2,001 of which: IBRD 0 0 0 0 0 0 0 0 IDA 957 1,424 297 452 534 698 840 981 Bilateral 1,158 791 843 836 831 430 476 503 Private creditors 0 5 7 7 5 7 5 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 5 7 7 5 7 5 4 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 100 280 145 257 234 494 312 293 Public and publicly guaranteed 100 280 145 257 234 494 312 293 Official creditors 100 277 144 257 234 491 312 293 Multilateral 85 211 109 190 221 384 260 256 of which: IBRD 0 0 0 0 0 0 0 0 IDA 49 111 49 139 88 160 153 152 Bilateral 14 66 35 67 13 107 51 36 Private creditors 0 3 1 0 0 3 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 3 1 0 0 3 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 50 52 58 43 44 46 39 40 Public and publicly guaranteed 50 52 58 43 44 46 39 40 Official creditors 50 52 58 42 43 45 38 39 Multilateral 26 34 39 21 25 32 30 25 of which: IBRD 0 0 0 0 0 0 0 0 IDA 7 9 5 0 0 1 2 4 Bilateral 24 19 20 22 18 13 8 14 Private creditors 0 0 0 1 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 1 1 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 18 27 24 19 24 22 21 25 Public and publicly guaranteed 18 27 24 19 24 22 21 25 Official creditors 18 27 23 19 24 21 21 25 Multilateral 12 21 16 11 13 15 15 16 of which: IBRD 0 0 0 0 0 0 0 0 IDA 7 11 7 3 4 4 5 7 Bilateral 5 6 7 8 11 6 6 9 Private creditors 0 0 1 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -237 -66 -1,608 235 205 155 253 467 Net flows on external debt -31 219 68 194 218 475 260 466 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 34 33 1,898 105 9 498 0 20 Debt buyback 45 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 102 103 105 113 109 123 150 158 Interest 28 31 33 34 34 34 33 32 Private creditors Principal 6 1 1 1 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. The data for Principal Arrears on long-term are revised from 2001. Data include the effects of HIPC and MDRI debt relief. 197 MAURITANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,390 2,322 1,633 1,719 2,001 2,144 2,556 2,709 Long-term external debt 2,029 2,072 1,389 1,437 1,669 1,840 2,174 2,380 Public and publicly guaranteed 2,029 2,072 1,389 1,437 1,669 1,840 2,174 2,380 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 111 83 15 29 31 113 145 178 Short-term external debt 251 167 229 254 301 192 237 151 interest arrears on long-term 112 109 130 128 135 134 76 77 Memorandum items Principal arrears on long-term 337 213 223 218 252 212 134 134 Long-term public sector debt 2,029 2,072 1,389 1,437 1,669 1,840 2,174 2,380 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 106 395 172 307 326 692 470 345 External debt flows Disbursements 123 143 175 197 297 263 446 313 Long-term external debt 115 143 175 185 294 263 412 279 IMF purchases 8 0 0 13 3 0 34 35 Principal repayments 52 42 66 93 38 53 76 72 Long-term external debt 46 33 44 93 38 53 76 72 IMF repurchases 6 10 23 0 0 0 0 0 Net flows 62 92 149 131 300 102 473 154 Long-term external debt 69 111 131 92 257 210 336 207 Short-term external debt -9 -9 41 27 40 -108 103 -87 Interest payments 32 23 26 28 26 25 33 39 Long-term external debt 20 20 20 23 21 23 31 37 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 11 3 5 5 4 1 1 2 2. Other non-debt resource inflows Foreign direct investment 40 814 155 139 343 -3 131 45 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.2 5.3 8.3 9.4 8.2 6.8 6.7 Japanese yen 3.6 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Pound sterling 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 40.9 49.3 32.1 35.9 37.7 38.9 44.3 45.6 4. Average terms of new commitments Official creditors Interest (%) 1.9 3.3 1.6 2.6 2.8 6.1 2.2 2.8 Maturity (years) 28.5 21.8 29.6 27.3 25.6 15.1 21.9 25.9 Grace period (years) 7.5 5.4 8.3 5.6 6.2 4.2 5.8 6.1 Private creditors Interest (%) 0.0 5.8 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 9.8 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,304 2,249 2,963 3,348 3,616 3,079 3,545 3,826 Exports of goods, services & prim. income .. .. 1,573 1,627 2,056 1,641 2,306 3,103 Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. 1,778 2,286 2,776 2,176 2,787 3,549 Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. .. 159 144 -523 -405 -319 -295 International reserves 46 64 187 198 189 225 272 485 6. Ratios External debt stocks to exports (%) .. .. 103.8 105.7 97.3 130.7 110.8 87.3 External debt stocks to GNI (%) 183.3 103.2 55.1 51.4 55.3 69.6 72.1 70.8 Debt service to exports (%) .. .. 5.8 7.5 3.1 4.7 4.7 3.6 Short-term to external debt stocks (%) 10.5 7.2 14.0 14.8 15.0 8.9 9.3 5.6 Multilateral to external debt stocks (%) 41.6 60.9 44.7 46.5 46.1 51.4 52.8 54.1 Reserves to external debt stocks (%) 1.9 2.8 11.5 11.5 9.4 10.5 10.6 17.9 Reserves to imports (months) .. .. 1.3 1.0 0.8 1.2 1.2 1.6 198 MAURITANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,029 2,072 1,389 1,437 1,669 1,840 2,174 2,380 Public and publicly guaranteed 2,029 2,072 1,389 1,437 1,669 1,840 2,174 2,380 Official creditors 2,009 2,048 1,368 1,417 1,655 1,827 2,173 2,380 Multilateral 994 1,413 730 800 922 1,103 1,350 1,466 of which: IBRD 0 0 0 0 0 0 0 0 IDA 449 677 130 203 243 282 316 345 Bilateral 1,016 635 638 616 734 725 823 913 Private creditors 19 23 22 20 14 12 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 23 22 20 14 12 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 115 143 175 185 294 263 412 279 Public and publicly guaranteed 115 143 175 185 294 263 412 279 Official creditors 115 128 175 185 294 263 412 279 Multilateral 106 109 169 134 159 209 306 172 of which: IBRD 0 0 0 0 0 0 0 0 IDA 57 42 47 66 43 38 39 32 Bilateral 9 19 6 51 135 54 106 106 Private creditors 0 15 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 15 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 46 33 44 93 38 53 76 72 Public and publicly guaranteed 46 33 44 93 38 53 76 72 Official creditors 43 31 42 92 31 52 65 71 Multilateral 34 17 39 86 25 31 56 56 of which: IBRD 2 0 0 0 0 0 0 0 IDA 1 2 1 0 0 0 1 1 Bilateral 9 14 3 6 7 21 9 15 Private creditors 2 1 2 1 6 1 11 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 2 1 6 1 11 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 20 20 20 23 21 23 31 37 Public and publicly guaranteed 20 20 20 23 21 23 31 37 Official creditors 18 19 19 22 21 23 31 37 Multilateral 14 15 16 17 14 13 18 23 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 6 3 2 2 2 2 3 Bilateral 5 4 3 5 7 10 12 14 Private creditors 2 1 1 1 0 0 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 1 1 0 0 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -155 -17 -689 87 281 144 412 153 Net flows on external debt 62 92 149 131 300 102 473 154 9. Debt restructurings Total amount rescheduled 11 10 0 0 0 0 116 0 Total amount forgiven 53 20 905 67 34 2 175 2 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 121 159 171 170 194 200 210 224 Interest 66 81 85 84 80 75 68 61 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 199 MAURITIUS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 967 805 670 714 669 978 1,225 1,435 Long-term external debt 946 782 646 689 645 818 1,072 1,277 Public and publicly guaranteed 828 716 598 627 596 737 972 1,166 Private nonguaranteed 118 66 49 62 49 81 100 111 Use of IMF credit 21 23 24 25 24 152 149 149 Short-term external debt 0 0 0 0 0 8 3 9 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 828 716 598 627 596 737 972 1,166 Long-term private sector debt 118 66 49 62 49 81 100 111 Public & publicly guaranteed commitments 101 62 75 150 114 1,260 266 52 External debt flows Disbursements 128 138 58 118 114 285 388 334 Long-term external debt 128 138 58 118 114 285 388 334 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 401 197 226 126 145 121 113 139 Long-term external debt 401 197 226 126 145 121 113 139 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -273 -59 -168 -8 -31 164 270 200 Long-term external debt -273 -59 -168 -8 -31 164 275 195 Short-term external debt 0 0 0 0 0 0 -4 6 Interest payments 53 30 31 29 26 21 18 23 Long-term external debt 52 30 30 28 26 21 17 23 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 266 42 107 341 378 257 430 273 Portfolio equity -4 36 35 50 34 206 7,821 9,387 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 49.1 51.7 50.1 45.4 40.8 32.0 29.7 Japanese yen 2.6 5.5 5.9 6.2 8.2 6.0 4.8 3.8 Pound sterling 1.6 1.5 1.6 1.5 1.4 1.1 0.8 0.6 Swiss franc 0.3 0.2 0.2 0.2 0.1 0.0 0.0 0.0 U.S.dollars 47.1 25.8 20.9 21.8 24.9 32.6 31.4 35.0 4. Average terms of new commitments Official creditors Interest (%) 3.9 2.6 5.0 4.1 4.0 1.1 1.3 0.9 Maturity (years) 15.7 14.2 17.2 18.7 15.6 18.2 18.5 10.7 Grace period (years) 4.7 4.8 5.8 5.3 5.5 5.1 5.3 3.6 Private creditors Interest (%) 7.5 2.5 10.4 0.0 0.0 2.8 0.0 0.0 Maturity (years) 1.9 1.0 3.0 0.0 0.0 11.3 0.0 0.0 Grace period (years) 1.9 0.0 3.0 0.0 0.0 1.8 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 4,553 6,276 6,559 8,016 9,714 8,785 9,833 11,499 Exports of goods, services & prim. income 2,671 3,899 4,374 5,259 5,748 4,635 9,966 11,960 Personal transfers & comp. of employees 177 215 215 215 215 211 226 249 Imports of goods, services & prim. income 2,772 4,284 5,050 5,818 6,948 5,514 11,155 13,514 Primary income on FDI 8 34 88 90 163 195 4,416 5,355 Current account balance -37 -324 -604 -434 -976 -655 -1,006 -1,422 International reserves 897 1,340 1,270 1,780 1,743 2,179 2,442 2,583 6. Ratios External debt stocks to exports (%) 36.2 20.6 15.3 13.6 11.6 21.1 12.3 12.0 External debt stocks to GNI (%) 21.2 12.8 10.2 8.9 6.9 11.1 12.5 12.5 Debt service to exports (%) 17.0 5.8 5.9 2.9 3.0 3.1 1.3 1.4 Short-term to external debt stocks (%) .. .. .. .. .. 0.8 0.3 0.7 Multilateral to external debt stocks (%) 22.3 31.1 33.0 35.5 40.3 38.5 40.9 40.8 Reserves to external debt stocks (%) 92.8 166.4 189.4 249.4 260.4 222.9 199.4 180.0 Reserves to imports (months) 3.9 3.8 3.0 3.7 3.0 4.7 2.6 2.3 200 MAURITIUS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 946 782 646 689 645 818 1,072 1,277 Public and publicly guaranteed 828 716 598 627 596 737 972 1,166 Official creditors 494 504 440 497 500 652 884 1,100 Multilateral 216 250 221 253 270 377 501 586 of which: IBRD 86 68 61 81 103 204 197 242 IDA 13 10 10 9 9 8 7 7 Bilateral 278 253 219 243 230 275 383 514 Private creditors 334 213 158 130 96 85 88 66 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 324 162 125 100 72 65 73 57 Private nonguaranteed 118 66 49 62 49 81 100 111 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 128 138 58 118 114 285 388 334 Public and publicly guaranteed 119 126 47 89 86 217 319 283 Official creditors 43 62 28 89 86 197 292 282 Multilateral 17 31 14 47 48 129 158 121 of which: IBRD 4 2 1 31 30 109 3 52 IDA 0 0 0 0 0 0 0 0 Bilateral 26 31 14 41 38 68 133 161 Private creditors 76 64 19 0 0 19 27 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 76 61 19 0 0 19 27 1 Private nonguaranteed 9 11 11 29 28 69 69 51 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 401 197 226 126 145 121 113 139 Public and publicly guaranteed 385 176 203 105 110 84 64 78 Official creditors 55 87 115 61 83 51 44 56 Multilateral 34 31 52 26 26 25 22 29 of which: IBRD 18 9 8 11 9 8 6 5 IDA 1 1 1 1 1 1 1 1 Bilateral 21 56 62 35 56 26 23 27 Private creditors 330 89 89 44 27 33 20 21 of which: Bonds 150 0 0 0 0 0 0 0 Commercial banks 146 81 67 38 23 28 15 17 Private nonguaranteed 16 21 23 21 35 37 49 61 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 52 30 30 28 26 21 17 23 Public and publicly guaranteed 51 30 30 28 25 20 16 22 Official creditors 23 19 19 18 18 16 15 20 Multilateral 9 7 9 9 9 7 5 6 of which: IBRD 5 2 3 4 4 3 3 2 IDA 0 0 0 0 0 0 0 0 Bilateral 14 13 10 9 9 9 9 14 Private creditors 29 10 11 10 7 4 2 2 of which: Bonds 5 0 0 0 0 0 0 0 Commercial banks 22 8 9 8 6 3 2 2 Private nonguaranteed 1 0 0 1 0 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -326 -144 -135 44 -45 308 247 210 Net flows on external debt -273 -59 -168 -8 -31 164 270 200 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 66 65 103 165 175 170 167 165 Interest 25 27 28 28 26 23 21 18 Private creditors Principal 43 40 24 19 14 12 11 11 Interest 5 4 3 2 1 1 1 0 Notes: Long-term private nonguaranteed and short-term debt data from 2009 are World Bank staff estimates based on reports provided by the country. Historical private nonguaranteed debt data are World Bank staff estimates. Short-term debt data before 2009 are excluded since BIS data include debt liabilities of offshore centers located in the country. 201 MEXICO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 152,260 175,919 173,457 199,221 206,739 199,944 243,824 287,037 Long-term external debt 132,951 153,304 146,763 171,401 177,887 167,885 200,420 231,325 Public and publicly guaranteed 82,470 118,146 107,858 125,528 133,105 123,363 150,793 171,824 Private nonguaranteed 50,481 35,158 38,905 45,872 44,782 44,521 49,627 59,501 Use of IMF credit 378 415 436 458 447 4,470 4,391 4,377 Short-term external debt 18,932 22,201 26,258 27,362 28,405 27,590 39,013 51,335 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 82,192 118,112 107,851 125,526 133,105 123,363 150,793 171,824 Long-term private sector debt 50,758 35,192 38,912 45,875 44,782 44,521 49,627 59,501 Public & publicly guaranteed commitments 10,828 17,785 17,142 24,990 24,384 28,156 44,148 32,712 External debt flows Disbursements 34,024 28,801 31,651 41,661 33,704 36,842 55,041 59,811 Long-term external debt 32,830 28,801 31,651 41,661 33,704 36,842 55,041 59,811 IMF purchases 1,194 0 0 0 0 0 0 0 Principal repayments 44,460 25,101 42,437 24,288 24,565 22,318 21,683 28,696 Long-term external debt 38,967 25,101 42,437 24,288 24,565 22,318 21,683 28,696 IMF repurchases 5,493 0 0 0 0 0 0 0 Net flows -15,566 5,588 -6,729 18,477 10,181 13,709 44,781 43,437 Long-term external debt -6,137 3,699 -10,786 17,373 9,138 14,524 33,358 31,115 Short-term external debt -5,130 1,889 4,057 1,104 1,043 -815 11,423 12,322 Interest payments 14,235 11,357 12,190 13,748 10,886 9,529 10,806 13,394 Long-term external debt 12,174 9,398 10,507 11,717 9,975 8,792 8,346 10,891 IMF charges 170 13 18 16 4 10 14 5 Short-term external debt 1,892 1,947 1,665 2,016 907 726 2,446 2,498 2. Other non-debt resource inflows Foreign direct investment 18,110 24,407 20,119 31,492 27,140 16,119 20,709 19,554 Portfolio equity 447 3,353 2,805 -482 -3,503 4,169 641 -6,244 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.0 1.2 1.0 0.8 6.0 4.8 4.2 Japanese yen 7.5 1.6 0.9 0.7 0.8 3.7 4.5 3.9 Pound sterling 0.2 0.1 0.1 0.1 0.0 1.0 0.8 0.7 Swiss franc 0.0 0.1 0.2 0.2 0.1 0.4 0.4 0.4 U.S.dollars 84.0 87.9 86.3 81.8 83.7 69.4 63.4 59.1 4. Average terms of new commitments Official creditors Interest (%) 5.4 4.0 5.9 7.4 3.1 1.3 0.9 1.0 Maturity (years) 14.8 20.4 13.7 13.0 19.5 18.0 17.3 19.9 Grace period (years) 4.8 4.7 4.4 4.3 7.9 9.9 10.9 8.1 Private creditors Interest (%) 8.4 5.2 4.7 4.3 6.6 4.1 2.4 1.8 Maturity (years) 9.4 21.8 16.7 28.3 17.4 20.5 28.1 41.0 Grace period (years) 9.1 8.7 8.2 11.6 9.7 9.4 11.1 13.7 5. Major economic aggregates Gross national income (GNI) 566,409 833,249 933,709 1,016,613 1,077,995 868,793 1,024,005 1,139,090 Exports of goods, services & prim. income 185,853 235,409 272,390 297,201 317,709 251,216 321,952 374,702 Personal transfers & comp. of employees 7,525 22,742 26,543 26,871 26,035 22,014 22,048 23,516 Imports of goods, services & prim. income 211,589 263,407 302,861 332,972 358,912 277,768 346,301 406,633 Primary income on FDI 6,076 7,888 10,174 12,067 10,096 7,901 6,560 10,189 Current account balance -18,742 -5,861 -4,522 -9,376 -15,741 -5,021 -2,844 -9,030 International reserves 35,509 74,054 76,271 87,109 95,126 99,589 120,265 143,991 6. Ratios External debt stocks to exports (%) 81.9 74.7 63.7 67.0 65.1 79.6 75.7 76.6 External debt stocks to GNI (%) 26.9 21.1 18.6 19.6 19.2 23.0 23.8 25.2 Debt service to exports (%) 31.6 15.5 20.1 12.8 11.2 12.7 10.1 11.2 Short-term to external debt stocks (%) 12.4 12.6 15.1 13.7 13.7 13.8 16.0 17.9 Multilateral to external debt stocks (%) 11.3 9.4 4.7 4.6 5.2 8.6 8.9 8.2 Reserves to external debt stocks (%) 23.3 42.1 44.0 43.7 46.0 49.8 49.3 50.2 Reserves to imports (months) 2.0 3.4 3.0 3.1 3.2 4.3 4.2 4.2 202 MEXICO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 132,951 153,304 146,763 171,401 177,887 167,885 200,420 231,325 Public and publicly guaranteed 82,470 118,146 107,858 125,528 133,105 123,363 150,793 171,824 Official creditors 20,892 18,790 10,280 11,022 12,427 21,219 26,162 28,399 Multilateral 17,280 16,498 8,227 9,128 10,658 17,239 21,620 23,513 of which: IBRD 11,444 8,881 4,211 4,540 5,867 10,143 12,462 13,590 IDA 0 0 0 0 0 0 0 0 Bilateral 3,612 2,292 2,053 1,894 1,769 3,980 4,542 4,886 Private creditors 61,577 99,356 97,578 114,506 120,679 102,144 124,630 143,426 of which: Bonds 53,693 78,193 75,837 89,356 97,385 82,872 102,336 122,879 Commercial banks 5,281 20,272 20,940 24,414 22,590 17,552 19,530 17,926 Private nonguaranteed 50,481 35,158 38,905 45,872 44,782 44,521 49,627 59,501 of which: Bonds 20,644 19,442 19,389 22,680 19,958 21,525 29,997 36,223 Disbursements 32,830 28,801 31,651 41,661 33,704 36,842 55,041 59,811 Public and publicly guaranteed 11,483 17,995 17,145 23,952 24,746 26,763 42,197 34,162 Official creditors 2,855 2,309 2,365 2,165 2,761 8,719 6,221 4,617 Multilateral 2,534 1,946 2,108 1,739 2,613 7,571 4,747 3,621 of which: IBRD 1,748 997 1,429 671 1,940 4,882 2,449 2,072 IDA 0 0 0 0 0 0 0 0 Bilateral 322 363 257 426 147 1,148 1,474 996 Private creditors 8,628 15,686 14,780 21,786 21,985 18,044 35,976 29,545 of which: Bonds 7,368 12,949 10,237 20,073 18,224 15,735 26,819 26,845 Commercial banks 1,096 2,665 4,439 1,591 3,665 1,728 7,125 1,898 Private nonguaranteed 21,346 10,806 14,506 17,710 8,958 10,079 12,844 25,649 of which: Bonds 3,346 6,669 4,506 5,826 931 5,067 11,298 18,065 Principal repayments 38,967 25,101 42,437 24,288 24,565 22,318 21,683 28,696 Public and publicly guaranteed 16,337 15,686 31,574 13,544 14,831 11,872 13,941 12,371 Official creditors 3,386 2,530 10,951 1,543 1,463 1,795 1,679 1,944 Multilateral 1,825 1,985 10,424 905 1,123 1,113 669 1,301 of which: IBRD 1,330 1,379 6,100 342 596 669 194 809 IDA 0 0 0 0 0 0 0 0 Bilateral 1,561 545 527 638 339 682 1,009 643 Private creditors 12,950 13,155 20,623 12,001 13,368 10,077 12,263 10,427 of which: Bonds 9,256 9,989 15,003 10,307 10,642 4,965 7,118 5,851 Commercial banks 2,870 2,983 5,414 1,482 2,542 4,296 4,132 3,520 Private nonguaranteed 22,630 9,416 10,864 10,744 9,735 10,446 7,742 16,325 of which: Bonds 3,552 2,645 4,703 2,536 3,247 3,500 2,826 2,216 Interest payments 12,174 9,398 10,507 11,717 9,975 8,792 8,346 10,891 Public and publicly guaranteed 7,923 7,532 7,241 7,934 7,176 6,019 5,861 7,322 Official creditors 1,554 848 913 514 458 551 628 733 Multilateral 1,276 770 832 434 394 459 531 631 of which: IBRD 890 437 461 232 200 247 246 247 IDA 0 0 0 0 0 0 0 0 Bilateral 278 78 80 80 64 92 97 102 Private creditors 6,368 6,685 6,329 7,420 6,718 5,468 5,232 6,589 of which: Bonds 4,897 6,247 5,876 7,030 6,381 4,856 4,927 6,260 Commercial banks 877 404 414 355 309 562 280 304 Private nonguaranteed 4,251 1,866 3,266 3,783 2,799 2,773 2,486 3,570 of which: Bonds 1,620 957 1,621 1,694 1,310 1,583 1,379 1,761 8. Debt stock-flow reconciliation Total change in external debt stocks -14,927 6,371 -2,462 25,764 7,518 -6,794 43,879 43,214 Net flows on external debt -15,566 5,588 -6,729 18,477 10,181 13,709 44,781 43,437 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 478 0 0 0 0 0 0 0 Debt buyback 6,644 0 0 0 0 0 1,746 438 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,582 1,522 1,480 1,427 1,677 1,395 1,850 1,202 Interest 446 418 385 349 320 289 260 237 Private creditors Principal 30,118 21,752 18,577 16,234 11,121 15,686 8,006 15,233 Interest 8,915 7,647 6,863 6,150 5,570 4,843 4,187 3,670 203 MOLDOVA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,843 2,219 2,622 3,365 3,655 3,766 4,818 5,452 Long-term external debt 1,047 1,238 1,462 1,941 2,019 2,011 2,745 2,899 Public and publicly guaranteed 850 698 744 783 805 809 839 857 Private nonguaranteed 197 540 718 1,158 1,214 1,203 1,906 2,042 Use of IMF credit 308 264 318 346 347 338 509 655 Short-term external debt 489 718 842 1,079 1,289 1,417 1,564 1,899 interest arrears on long-term 22 56 15 21 22 38 37 42 Memorandum items Principal arrears on long-term 33 78 72 92 97 173 172 189 Long-term public sector debt 839 698 744 783 805 809 839 857 Long-term private sector debt 208 540 718 1,158 1,214 1,203 1,906 2,042 Public & publicly guaranteed commitments 20 24 49 96 97 83 439 94 External debt flows Disbursements 176 237 423 621 521 284 647 688 Long-term external debt 164 237 359 588 484 284 464 531 IMF purchases 12 0 64 33 36 0 183 158 Principal repayments 82 184 259 241 416 318 314 374 Long-term external debt 57 163 235 219 391 303 306 368 IMF repurchases 25 22 24 22 25 15 8 6 Net flows 560 157 330 611 313 79 481 644 Long-term external debt 107 75 125 369 94 -19 159 163 Short-term external debt 465 104 165 231 208 113 148 330 Interest payments 75 71 83 106 89 72 82 94 Long-term external debt 46 42 38 50 56 54 49 58 IMF charges 15 8 10 8 3 1 1 1 Short-term external debt 14 21 35 47 29 16 32 35 2. Other non-debt resource inflows Foreign direct investment 128 191 259 536 727 135 202 287 Portfolio equity 3 1 2 2 11 2 6 5 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.6 8.0 8.7 9.9 11.4 10.3 11.7 Japanese yen 3.4 3.3 3.0 2.8 3.3 2.9 2.8 2.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 67.1 68.9 69.5 69.3 67.2 66.5 69.1 68.6 4. Average terms of new commitments Official creditors Interest (%) 0.4 1.5 0.8 3.0 5.0 1.2 2.2 0.8 Maturity (years) 39.7 29.5 39.4 23.8 22.7 26.6 16.7 24.8 Grace period (years) 10.2 7.4 10.1 6.2 5.9 8.4 6.0 2.5 Private creditors Interest (%) 5.9 0.0 6.8 0.0 0.0 4.5 4.2 4.6 Maturity (years) 3.2 0.0 5.8 0.0 0.0 3.3 3.9 3.7 Grace period (years) 3.2 0.0 0.7 0.0 0.0 0.3 1.3 0.3 5. Major economic aggregates Gross national income (GNI) 1,310 3,347 3,809 4,819 6,653 5,742 6,310 7,568 Exports of goods, services & prim. income 780 1,871 1,928 2,456 3,055 2,306 2,740 3,649 Personal transfers & comp. of employees 179 915 1,176 1,491 1,888 1,199 1,351 1,600 Imports of goods, services & prim. income 1,089 2,673 3,129 4,359 5,673 3,991 4,531 5,971 Primary income on FDI 3 45 108 182 152 156 147 264 Current account balance -98 -226 -386 -671 -979 -465 -460 -802 International reserves 222 597 775 1,334 1,672 1,480 1,718 1,965 6. Ratios External debt stocks to exports (%) 236.2 118.6 136.0 137.0 119.7 163.4 175.8 149.4 External debt stocks to GNI (%) 140.7 66.3 68.8 69.8 54.9 65.6 76.4 72.0 Debt service to exports (%) 20.0 13.6 17.7 14.1 16.5 16.9 14.5 12.8 Short-term to external debt stocks (%) 26.5 32.3 32.1 32.1 35.3 37.6 32.5 34.8 Multilateral to external debt stocks (%) 21.9 18.4 16.4 14.1 13.8 13.9 11.7 11.3 Reserves to external debt stocks (%) 12.1 26.9 29.6 39.6 45.8 39.3 35.7 36.0 Reserves to imports (months) 2.5 2.7 3.0 3.7 3.5 4.5 4.5 3.9 204 MOLDOVA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,047 1,238 1,462 1,941 2,019 2,011 2,745 2,899 Public and publicly guaranteed 850 698 744 783 805 809 839 857 Official creditors 743 664 711 759 790 790 823 836 Multilateral 403 409 430 473 504 524 565 615 of which: IBRD 191 161 151 141 129 110 93 75 IDA 103 209 242 292 311 332 386 434 Bilateral 340 255 280 286 286 266 258 221 Private creditors 107 34 33 24 15 19 16 21 of which: Bonds 75 25 19 13 6 0 0 0 Commercial banks 12 7 6 5 4 4 3 6 Private nonguaranteed 197 540 718 1,158 1,214 1,203 1,906 2,042 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 164 237 359 588 484 284 464 531 Public and publicly guaranteed 54 26 40 47 53 54 94 94 Official creditors 52 26 31 47 53 41 89 81 Multilateral 50 25 29 47 53 41 74 81 of which: IBRD 6 0 0 0 0 0 0 0 IDA 30 24 23 39 24 21 64 55 Bilateral 1 1 3 1 0 0 15 0 Private creditors 2 0 8 0 0 13 5 14 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 4 Private nonguaranteed 110 211 320 541 432 230 370 436 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 57 163 235 219 391 303 306 368 Public and publicly guaranteed 30 42 53 43 44 55 55 71 Official creditors 27 35 45 34 35 46 47 63 Multilateral 21 35 23 21 22 25 25 26 of which: IBRD 5 13 14 15 17 18 18 19 IDA 0 0 0 1 2 3 4 5 Bilateral 5 0 22 13 13 22 22 38 Private creditors 3 7 8 9 8 9 8 8 of which: Bonds 0 6 6 6 6 6 0 0 Commercial banks 0 1 1 1 0 1 1 1 Private nonguaranteed 28 120 181 176 347 248 251 297 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 46 42 38 50 56 54 49 58 Public and publicly guaranteed 39 22 17 18 17 22 16 16 Official creditors 28 20 15 16 15 21 16 16 Multilateral 18 10 11 12 11 9 6 8 of which: IBRD 11 6 7 8 7 4 1 1 IDA 1 2 2 2 2 2 2 3 Bilateral 10 10 3 4 5 12 9 8 Private creditors 11 2 3 2 1 1 1 0 of which: Bonds 7 2 2 2 1 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 7 20 21 33 39 32 33 42 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 664 108 403 743 290 111 1,052 634 Net flows on external debt 560 157 330 611 313 79 481 644 9. Debt restructurings Total amount rescheduled 246 0 88 32 31 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 75 75 71 64 58 65 66 72 Interest 17 22 22 21 20 19 17 15 Private creditors Principal 513 363 323 186 148 111 93 74 Interest 61 45 31 22 16 11 7 3 205 MONGOLIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 960 1,396 1,514 1,759 1,908 2,215 2,506 2,564 Long-term external debt 833 1,267 1,363 1,581 1,705 1,885 2,003 2,057 Public and publicly guaranteed 833 1,267 1,361 1,576 1,657 1,817 1,782 1,826 Private nonguaranteed 0 0 3 5 48 68 221 231 Use of IMF credit 114 105 104 103 95 258 273 268 Short-term external debt 13 25 46 75 108 72 230 239 interest arrears on long-term 2 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 17 21 25 26 26 10 11 11 Long-term public sector debt 832 1,267 1,361 1,576 1,657 1,817 1,782 1,826 Long-term private sector debt 1 0 3 5 48 68 221 231 Public & publicly guaranteed commitments 102 72 55 170 304 179 78 94 External debt flows Disbursements 83 91 92 167 122 405 260 123 Long-term external debt 75 91 92 167 122 239 236 123 IMF purchases 8 0 0 0 0 166 23 0 Principal repayments 28 23 31 37 46 77 144 82 Long-term external debt 22 17 25 30 41 70 139 78 IMF repurchases 6 6 6 7 5 7 5 4 Net flows 45 -73 82 160 109 292 274 50 Long-term external debt 53 74 67 137 81 169 97 45 Short-term external debt -9 -142 21 29 33 -36 158 9 Interest payments 13 22 20 21 35 31 28 32 Long-term external debt 9 15 15 15 30 29 24 26 IMF charges 3 2 3 3 1 1 2 3 Short-term external debt 1 5 2 3 5 1 2 3 2. Other non-debt resource inflows Foreign direct investment 54 185 344 373 845 624 1,691 4,715 Portfolio equity .. .. .. 1 13 4 680 9 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.6 8.4 9.1 8.5 8.1 7.4 7.4 Japanese yen 25.0 21.4 19.6 17.6 21.3 20.5 22.9 22.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.6 0.6 0.6 0.6 0.5 0.6 0.6 U.S.dollars 35.8 44.5 45.2 46.7 43.8 43.8 40.2 40.5 4. Average terms of new commitments Official creditors Interest (%) 1.2 1.1 1.0 0.9 1.0 0.7 0.8 1.1 Maturity (years) 31.9 31.5 32.5 33.9 39.2 31.0 39.1 27.2 Grace period (years) 9.3 7.9 8.5 11.1 9.8 9.7 10.1 5.2 Private creditors Interest (%) 0.0 0.0 0.0 8.6 0.0 8.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 3.0 0.0 3.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 3.0 0.0 3.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,132 2,472 3,353 4,137 5,450 4,388 5,640 7,832 Exports of goods, services & prim. income 627 1,494 2,048 2,586 3,045 2,322 3,423 5,481 Personal transfers & comp. of employees 12 180 181 178 225 200 266 279 Imports of goods, services & prim. income 791 1,635 2,042 2,627 3,956 2,850 4,496 8,480 Primary income on FDI 9 41 145 126 109 121 464 632 Current account balance -70 84 222 172 -690 -342 -886 -2,760 International reserves 179 333 583 802 561 1,294 2,197 2,275 6. Ratios External debt stocks to exports (%) 153.2 93.5 73.9 68.0 62.7 95.4 73.2 46.8 External debt stocks to GNI (%) 84.8 56.5 45.1 42.5 35.0 50.5 44.4 32.7 Debt service to exports (%) 6.6 3.0 2.5 2.2 2.7 4.6 5.0 2.1 Short-term to external debt stocks (%) 1.3 1.8 3.0 4.3 5.7 3.3 9.2 9.3 Multilateral to external debt stocks (%) 48.1 56.4 56.4 53.7 50.5 48.3 42.8 43.4 Reserves to external debt stocks (%) 18.6 23.9 38.5 45.6 29.4 58.4 87.7 88.7 Reserves to imports (months) 2.7 2.4 3.4 3.7 1.7 5.5 5.9 3.2 206 MONGOLIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 833 1,267 1,363 1,581 1,705 1,885 2,003 2,057 Public and publicly guaranteed 833 1,267 1,361 1,576 1,657 1,817 1,782 1,826 Official creditors 831 1,266 1,348 1,487 1,571 1,733 1,775 1,814 Multilateral 462 787 854 944 964 1,069 1,073 1,113 of which: IBRD 0 0 0 0 0 0 0 0 IDA 137 277 301 331 338 392 403 447 Bilateral 369 479 494 543 607 664 702 701 Private creditors 3 0 13 89 86 84 7 12 of which: Bonds 0 0 0 75 75 75 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 3 5 48 68 221 231 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 75 91 92 167 122 239 236 123 Public and publicly guaranteed 75 91 89 165 75 212 66 87 Official creditors 75 91 71 87 75 212 66 83 Multilateral 47 48 49 52 43 113 39 67 of which: IBRD 0 0 0 0 0 0 0 0 IDA 14 14 13 20 13 55 22 53 Bilateral 28 43 22 35 32 99 27 15 Private creditors 0 0 18 79 0 0 0 5 of which: Bonds 0 0 0 75 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 2 2 47 27 170 35 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 22 17 25 30 41 70 139 78 Public and publicly guaranteed 22 17 25 30 40 62 122 54 Official creditors 19 17 20 28 37 59 44 54 Multilateral 0 6 8 11 15 17 19 22 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 2 3 4 4 4 6 Bilateral 19 11 12 17 22 42 25 31 Private creditors 3 0 5 3 3 2 77 0 of which: Bonds 0 0 0 0 0 0 75 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 1 8 18 24 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 15 15 15 30 29 24 26 Public and publicly guaranteed 9 15 15 15 24 26 20 20 Official creditors 9 15 15 15 18 19 19 20 Multilateral 4 7 8 8 9 9 10 11 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 2 2 2 3 2 3 3 Bilateral 5 8 7 7 9 10 9 9 Private creditors 0 0 0 0 7 7 1 0 of which: Bonds 0 0 0 0 6 6 1 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 6 4 4 6 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -21 -197 117 245 149 307 291 59 Net flows on external debt 45 -73 82 160 109 292 274 50 9. Debt restructurings Total amount rescheduled 0 0 3 0 0 0 0 0 Total amount forgiven 0 0 17 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 73 72 74 79 79 79 92 94 Interest 24 25 25 24 25 25 24 22 Private creditors Principal 68 50 39 23 19 14 12 9 Interest 12 9 6 4 3 2 1 1 Notes: Long-term private nonguaranteed debt data (excluding bonds) only cover European Bank for Reconstruction and Development lending. 207 MONTENEGRO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks .. .. 880 1,299 1,502 2,357 1,594 2,093 Long-term external debt .. .. 841 854 860 1,109 1,368 1,599 Public and publicly guaranteed .. .. 829 844 851 1,094 1,350 1,545 Private nonguaranteed .. .. 12 10 9 15 19 54 Use of IMF credit .. .. 39 41 40 40 40 40 Short-term external debt .. .. 0 405 602 1,207 186 455 interest arrears on long-term .. .. 0 0 0 0 0 0 Memorandum items Principal arrears on long-term .. .. 0 0 0 0 0 0 Long-term public sector debt .. .. 829 844 851 1,094 1,350 1,446 Long-term private sector debt .. .. 12 10 9 15 19 152 Public & publicly guaranteed commitments .. .. 64 189 74 395 637 491 External debt flows Disbursements .. .. 88 74 64 248 386 394 Long-term external debt .. .. 88 74 64 248 386 394 IMF purchases .. .. 0 0 0 0 0 0 Principal repayments .. .. 13 109 28 25 61 127 Long-term external debt .. .. 13 109 28 25 61 127 IMF repurchases .. .. 0 0 0 0 0 0 Net flows .. .. 75 -36 233 829 -696 536 Long-term external debt .. .. 75 -36 36 224 325 267 Short-term external debt .. .. 0 0 197 605 -1,021 269 Interest payments .. .. 30 59 43 44 37 87 Long-term external debt .. .. 28 35 28 28 34 80 IMF charges .. .. 2 1 0 0 0 0 Short-term external debt .. .. 0 23 15 15 2 7 2. Other non-debt resource inflows Foreign direct investment .. .. .. 934 960 1,527 760 558 Portfolio equity .. .. .. 5 -6 -5 -8 -15 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 44.4 50.7 51.1 62.5 71.3 73.8 Japanese yen .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. .. 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc .. .. 1.8 3.9 4.1 3.3 2.9 2.4 U.S.dollars .. .. 50.6 41.6 39.5 29.7 21.8 19.9 4. Average terms of new commitments Official creditors Interest (%) .. .. 1.2 2.4 2.6 1.7 2.5 2.7 Maturity (years) .. .. 14.7 15.7 11.3 14.4 14.9 15.2 Grace period (years) .. .. 3.8 5.4 3.9 2.4 2.9 3.3 Private creditors Interest (%) .. .. 4.0 2.0 0.0 7.8 7.1 7.4 Maturity (years) .. .. 5.6 13.1 0.0 5.0 6.1 5.0 Grace period (years) .. .. 1.1 3.6 0.0 0.6 4.4 5.0 5. Major economic aggregates Gross national income (GNI) .. .. 2,741 3,712 4,587 4,149 4,082 4,586 Exports of goods, services & prim. income .. .. .. 1,722 1,998 1,573 1,670 2,099 Personal transfers & comp. of employees .. .. .. 196 298 302 301 343 Imports of goods, services & prim. income .. .. .. 3,252 4,391 2,916 2,834 3,144 Primary income on FDI .. .. .. 16 43 90 100 44 Current account balance .. .. .. -1,449 -2,286 -1,224 -1,012 -882 International reserves .. .. 433 689 436 573 556 393 6. Ratios External debt stocks to exports (%) .. .. .. 75.5 75.2 149.8 95.4 99.7 External debt stocks to GNI (%) .. .. 32.1 35.0 32.7 56.8 39.1 45.6 Debt service to exports (%) .. .. .. 9.8 3.5 4.4 5.9 10.2 Short-term to external debt stocks (%) .. .. .. 31.2 40.1 51.2 11.7 21.7 Multilateral to external debt stocks (%) .. .. 61.7 42.0 37.0 25.1 34.9 32.2 Reserves to external debt stocks (%) .. .. 49.2 53.0 29.0 24.3 34.9 18.8 Reserves to imports (months) .. .. .. 2.5 1.2 2.4 2.4 1.5 208 MONTENEGRO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed .. .. 841 854 860 1,109 1,368 1,599 Public and publicly guaranteed .. .. 829 844 851 1,094 1,350 1,545 Official creditors .. .. 810 827 836 894 837 985 Multilateral .. .. 543 546 556 592 556 674 of which: IBRD .. .. 345 283 269 261 236 223 IDA .. .. 47 56 71 75 79 83 Bilateral .. .. 266 281 281 302 281 311 Private creditors .. .. 19 17 15 201 512 560 of which: Bonds .. .. 0 0 0 0 267 259 Commercial banks .. .. 19 17 15 201 245 301 Private nonguaranteed .. .. 12 10 9 15 19 54 of which: Bonds .. .. 0 0 0 0 0 0 Disbursements .. .. 88 74 64 248 386 394 Public and publicly guaranteed .. .. 86 73 60 242 374 353 Official creditors .. .. 82 73 60 61 26 239 Multilateral .. .. 40 45 37 41 11 164 of which: IBRD .. .. 0 0 0 3 5 5 IDA .. .. 14 7 15 4 3 4 Bilateral .. .. 43 28 23 19 15 75 Private creditors .. .. 3 0 0 181 348 114 of which: Bonds .. .. 0 0 0 0 265 0 Commercial banks .. .. 3 0 0 181 83 114 Private nonguaranteed .. .. 2 1 4 7 12 41 of which: Bonds .. .. 0 0 0 0 0 0 Principal repayments .. .. 13 109 28 25 61 127 Public and publicly guaranteed .. .. 12 105 25 23 60 125 Official creditors .. .. 12 105 24 22 33 44 Multilateral .. .. 8 98 14 15 16 22 of which: IBRD .. .. 8 96 10 12 10 11 IDA .. .. 0 0 0 0 0 0 Bilateral .. .. 4 6 10 7 17 21 Private creditors .. .. 0 1 1 1 27 82 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 0 1 1 1 27 82 Private nonguaranteed .. .. 0 4 3 2 2 2 of which: Bonds .. .. 0 0 0 0 0 0 Interest payments .. .. 28 35 28 28 34 80 Public and publicly guaranteed .. .. 28 34 27 28 33 79 Official creditors .. .. 27 34 27 26 20 24 Multilateral .. .. 21 28 22 19 14 16 of which: IBRD .. .. 16 22 15 10 5 6 IDA .. .. 0 0 0 1 1 1 Bilateral .. .. 6 6 5 7 6 7 Private creditors .. .. 1 1 0 2 13 55 of which: Bonds .. .. 0 0 0 0 0 22 Commercial banks .. .. 1 1 0 2 13 33 Private nonguaranteed .. .. 0 1 0 0 1 1 of which: Bonds .. .. 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks .. .. 455 420 203 855 -762 499 Net flows on external debt .. .. 75 -36 233 829 -696 536 9. Debt restructurings Total amount rescheduled .. .. 39 0 0 0 0 0 Total amount forgiven .. .. 0 205 0 0 0 16 Debt buyback .. .. 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 65 88 104 111 107 112 117 99 Interest 25 26 26 25 24 21 19 16 Private creditors Principal 70 75 90 317 275 11 8 15 Interest 46 53 48 44 21 1 1 1 Notes: Long-term private nonguaranteed debt data (excluding bonds) only cover European Bank for Reconstruction and Development lending. Short-term debt is based on data from the BIS. Montenegro became independent in 2006 and started to report data in 2007. 209 MOROCCO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 20,790 16,297 17,945 20,679 20,957 24,631 26,299 29,049 Long-term external debt 19,106 15,493 16,084 18,625 19,194 21,572 23,634 25,157 Public and publicly guaranteed 17,244 12,442 13,496 15,650 16,538 19,218 21,045 22,324 Private nonguaranteed 1,862 3,051 2,588 2,975 2,656 2,354 2,589 2,833 Use of IMF credit 112 122 129 135 132 880 865 862 Short-term external debt 1,573 682 1,732 1,919 1,631 2,179 1,800 3,030 interest arrears on long-term 122 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 535 3 4 2 1 0 0 0 Long-term public sector debt 17,082 12,382 13,425 15,566 16,446 19,134 20,964 22,246 Long-term private sector debt 2,023 3,111 2,659 3,059 2,748 2,438 2,670 2,911 Public & publicly guaranteed commitments 535 2,277 2,842 3,888 1,421 3,309 7,094 1,780 External debt flows Disbursements 1,638 2,456 2,426 3,976 4,554 4,551 4,992 4,464 Long-term external debt 1,638 2,456 2,426 3,976 4,554 4,551 4,992 4,464 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,632 2,139 2,784 3,325 3,452 2,709 2,428 2,438 Long-term external debt 1,632 2,139 2,784 3,325 3,452 2,709 2,428 2,438 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -449 831 691 838 814 2,390 2,185 3,255 Long-term external debt 6 317 -359 651 1,102 1,842 2,564 2,025 Short-term external debt -455 514 1,050 187 -288 548 -379 1,230 Interest payments 1,080 594 621 698 753 704 878 796 Long-term external debt 949 569 540 590 709 678 850 757 IMF charges 5 4 5 5 1 2 3 1 Short-term external debt 127 22 76 104 43 24 26 38 2. Other non-debt resource inflows Foreign direct investment 221 1,671 2,461 2,826 2,466 1,970 1,241 2,521 Portfolio equity 18 64 -298 -64 148 -4 132 166 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 43.4 47.2 54.6 53.0 54.5 55.4 56.1 Japanese yen 3.3 5.1 5.0 4.7 6.1 5.9 6.8 6.8 Pound sterling 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 37.6 23.8 19.6 12.6 11.9 10.4 10.3 9.2 4. Average terms of new commitments Official creditors Interest (%) 3.4 3.1 3.7 3.9 4.3 2.7 2.3 1.6 Maturity (years) 25.1 19.5 23.0 19.6 19.8 20.3 20.5 23.8 Grace period (years) 6.4 5.5 6.5 5.7 5.0 5.0 5.7 5.7 Private creditors Interest (%) 5.6 3.6 4.0 5.2 5.3 4.1 3.5 0.0 Maturity (years) 7.7 11.8 14.7 10.3 10.3 12.2 19.0 0.0 Grace period (years) 1.0 1.2 3.0 8.4 0.8 0.4 10.3 0.0 5. Major economic aggregates Gross national income (GNI) 36,053 58,760 64,703 74,246 87,411 88,520 88,576 98,700 Exports of goods, services & prim. income 10,729 17,281 20,165 24,910 31,613 24,924 27,913 32,649 Personal transfers & comp. of employees 2,161 4,589 5,451 6,730 6,894 6,269 6,423 7,256 Imports of goods, services & prim. income 13,686 21,616 25,083 32,736 44,910 37,346 39,109 48,764 Primary income on FDI 268 594 674 730 835 1,753 1,445 2,086 Current account balance -475 1,041 1,411 -122 -4,528 -4,971 -3,925 -8,000 International reserves 4,823 16,187 20,341 24,123 22,104 22,797 22,613 19,526 6. Ratios External debt stocks to exports (%) 193.8 94.3 89.0 83.0 66.3 98.8 94.2 89.0 External debt stocks to GNI (%) 57.7 27.7 27.7 27.9 24.0 27.8 29.7 29.4 Debt service to exports (%) 25.3 15.8 16.9 16.2 13.3 13.7 11.8 9.9 Short-term to external debt stocks (%) 7.6 4.2 9.7 9.3 7.8 8.8 6.8 10.4 Multilateral to external debt stocks (%) 29.3 36.0 37.0 38.2 40.9 40.7 38.6 38.9 Reserves to external debt stocks (%) 23.2 99.3 113.4 116.7 105.5 92.6 86.0 67.2 Reserves to imports (months) 4.2 9.0 9.7 8.8 5.9 7.3 6.9 4.8 210 MOROCCO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 19,106 15,493 16,084 18,625 19,194 21,572 23,634 25,157 Public and publicly guaranteed 17,244 12,442 13,496 15,650 16,538 19,218 21,045 22,324 Official creditors 12,759 10,119 11,197 13,084 14,543 16,713 17,265 18,581 Multilateral 6,091 5,874 6,635 7,894 8,576 10,020 10,149 11,297 of which: IBRD 2,837 2,258 2,267 2,578 2,540 2,543 2,468 2,866 IDA 27 20 18 17 16 14 13 12 Bilateral 6,668 4,245 4,562 5,190 5,967 6,694 7,116 7,284 Private creditors 4,485 2,323 2,300 2,566 1,994 2,504 3,780 3,743 of which: Bonds 152 472 527 589 0 0 1,336 1,294 Commercial banks 3,300 1,466 1,470 1,745 1,749 2,259 2,251 2,304 Private nonguaranteed 1,862 3,051 2,588 2,975 2,656 2,354 2,589 2,833 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,638 2,456 2,426 3,976 4,554 4,551 4,992 4,464 Public and publicly guaranteed 980 1,658 1,850 2,714 3,093 3,468 3,876 3,242 Official creditors 631 1,562 1,531 1,810 2,800 2,868 2,251 2,950 Multilateral 466 1,134 1,030 1,125 1,533 1,828 1,246 2,253 of which: IBRD 138 262 176 418 242 241 271 711 IDA 0 0 0 0 0 0 0 0 Bilateral 166 427 501 685 1,267 1,040 1,005 697 Private creditors 349 97 320 904 292 600 1,625 292 of which: Bonds 0 0 0 0 0 0 1,327 0 Commercial banks 143 74 313 903 222 567 297 292 Private nonguaranteed 658 798 575 1,262 1,461 1,083 1,116 1,222 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 1,632 2,139 2,784 3,325 3,452 2,709 2,428 2,438 Public and publicly guaranteed 1,593 1,881 1,558 1,861 1,795 1,138 1,274 1,484 Official creditors 928 1,303 1,063 990 1,043 966 1,090 1,277 Multilateral 550 689 591 525 592 532 620 818 of which: IBRD 307 309 330 294 262 238 202 208 IDA 1 1 1 1 1 1 1 1 Bilateral 377 614 473 465 451 434 470 460 Private creditors 666 578 495 872 753 172 184 206 of which: Bonds 30 41 0 0 589 0 0 0 Commercial banks 350 372 372 777 119 131 148 161 Private nonguaranteed 39 258 1,226 1,464 1,656 1,572 1,154 955 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 949 569 540 590 709 678 850 757 Public and publicly guaranteed 877 501 472 555 655 612 819 722 Official creditors 548 388 361 443 536 523 731 569 Multilateral 363 230 235 300 364 340 295 322 of which: IBRD 190 87 88 104 125 93 52 60 IDA 0 0 0 0 0 0 0 0 Bilateral 185 158 126 143 171 183 436 247 Private creditors 329 113 112 112 120 89 88 153 of which: Bonds 14 25 25 27 29 0 0 63 Commercial banks 228 65 70 72 80 80 78 82 Private nonguaranteed 71 68 67 34 54 66 31 35 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -2,269 -720 1,647 2,734 278 3,674 1,668 2,750 Net flows on external debt -449 831 691 838 814 2,390 2,185 3,255 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 117 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,867 1,696 1,636 1,596 1,630 1,717 1,706 1,628 Interest 566 562 550 526 495 457 414 369 Private creditors Principal 562 594 577 582 591 1,237 578 542 Interest 237 236 225 211 195 161 127 111 211 MOZAMBIQUE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 7,338 4,393 2,792 3,048 3,489 4,138 3,734 4,097 Long-term external debt 6,410 3,367 2,041 2,344 2,726 3,165 2,897 3,617 Public and publicly guaranteed 4,693 3,367 2,041 2,344 2,726 3,165 2,897 3,617 Private nonguaranteed 1,717 0 0 0 0 0 0 0 Use of IMF credit 361 312 173 187 183 342 357 355 Short-term external debt 567 714 578 516 580 632 479 125 interest arrears on long-term 411 525 496 387 449 465 381 5 Memorandum items Principal arrears on long-term 714 464 471 418 430 440 226 25 Long-term public sector debt 4,693 3,367 2,041 2,344 2,726 3,165 2,897 3,617 Long-term private sector debt 1,717 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 237 170 331 410 649 474 668 731 External debt flows Disbursements 190 331 349 334 399 599 390 527 Long-term external debt 131 326 344 329 399 446 368 527 IMF purchases 60 5 5 5 0 153 22 0 Principal repayments 64 55 16 10 14 15 39 29 Long-term external debt 64 39 16 10 14 15 39 28 IMF repurchases 0 15 0 0 0 0 0 2 Net flows 53 104 226 371 387 620 282 520 Long-term external debt 67 287 328 319 385 431 330 499 Short-term external debt -73 -172 -107 47 2 36 -69 22 Interest payments 39 37 31 27 23 26 48 28 Long-term external debt 20 22 19 14 19 23 47 26 IMF charges 7 5 7 6 1 1 1 0 Short-term external debt 12 10 5 7 3 2 1 2 2. Other non-debt resource inflows Foreign direct investment 139 122 185 417 559 896 1,005 2,079 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.0 5.2 5.8 6.2 6.4 9.7 14.9 Japanese yen 1.8 1.2 2.0 2.0 2.2 1.0 0.9 0.1 Pound sterling 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.7 69.0 63.1 58.6 57.9 55.1 43.9 48.9 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.7 0.7 0.8 1.1 1.3 0.7 0.7 Maturity (years) 46.6 38.1 42.2 37.5 36.4 33.5 41.0 36.7 Grace period (years) 12.9 10.1 9.6 9.7 13.1 8.2 10.3 6.8 Private creditors Interest (%) 0.0 0.0 4.9 5.7 0.0 0.0 1.2 1.3 Maturity (years) 0.0 0.0 11.2 11.5 0.0 12.8 32.3 14.1 Grace period (years) 0.0 0.0 1.7 2.0 0.0 2.8 13.3 3.4 5. Major economic aggregates Gross national income (GNI) 4,017 6,219 6,472 7,445 9,263 9,430 9,127 12,766 Exports of goods, services & prim. income 769 2,186 2,927 3,064 3,375 2,935 3,142 3,614 Personal transfers & comp. of employees 37 59 80 99 116 111 132 158 Imports of goods, services & prim. income 1,763 3,350 4,201 4,452 5,407 4,918 5,054 6,027 Primary income on FDI 0 284 471 554 544 240 81 223 Current account balance -764 -761 -773 -785 -1,179 -1,220 -1,250 -1,615 International reserves 723 1,054 1,156 1,445 1,578 2,099 2,159 2,469 6. Ratios External debt stocks to exports (%) 954.6 201.0 95.4 99.5 103.4 141.0 118.8 113.3 External debt stocks to GNI (%) 182.7 70.6 43.1 40.9 37.7 43.9 40.9 32.1 Debt service to exports (%) 13.4 4.2 1.6 1.2 1.1 1.4 2.8 1.6 Short-term to external debt stocks (%) 7.7 16.3 20.7 16.9 16.6 15.3 12.8 3.1 Multilateral to external debt stocks (%) 15.1 52.9 35.6 43.2 47.2 46.9 58.0 56.3 Reserves to external debt stocks (%) 9.9 24.0 41.4 47.4 45.2 50.7 57.8 60.3 Reserves to imports (months) 4.9 3.8 3.3 3.9 3.5 5.1 5.1 4.9 212 MOZAMBIQUE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 6,410 3,367 2,041 2,344 2,726 3,165 2,897 3,617 Public and publicly guaranteed 4,693 3,367 2,041 2,344 2,726 3,165 2,897 3,617 Official creditors 4,682 3,365 2,039 2,336 2,719 3,136 2,799 3,387 Multilateral 1,106 2,325 994 1,318 1,646 1,943 2,167 2,306 of which: IBRD 0 0 0 0 0 0 0 0 IDA 760 1,575 655 902 1,149 1,356 1,491 1,577 Bilateral 3,576 1,040 1,045 1,018 1,073 1,193 633 1,081 Private creditors 11 2 2 9 7 28 98 230 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 51 181 Private nonguaranteed 1,717 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 131 326 344 329 399 446 368 527 Public and publicly guaranteed 131 326 344 329 399 446 368 527 Official creditors 131 326 344 322 397 422 289 375 Multilateral 128 324 339 309 342 289 264 165 of which: IBRD 0 0 0 0 0 0 0 0 IDA 97 227 223 212 255 199 163 101 Bilateral 3 3 5 13 55 134 26 210 Private creditors 0 0 0 6 2 23 79 152 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 51 140 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 64 39 16 10 14 15 39 28 Public and publicly guaranteed 34 18 16 10 14 15 39 28 Official creditors 33 18 16 10 11 12 31 21 Multilateral 18 12 11 5 7 8 13 16 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 5 3 0 0 2 5 8 Bilateral 15 7 5 4 4 4 18 5 Private creditors 1 0 0 0 3 3 8 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 30 21 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 20 22 19 14 19 23 47 26 Public and publicly guaranteed 20 22 19 14 19 23 47 26 Official creditors 20 22 19 14 19 23 46 26 Multilateral 9 18 15 10 15 19 22 19 of which: IBRD 0 0 0 0 0 0 0 0 IDA 4 12 9 6 8 9 10 12 Bilateral 11 4 4 4 4 4 24 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 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 17 -541 -1,601 256 442 649 -404 363 Net flows on external debt 53 104 226 371 387 620 282 520 9. Debt restructurings Total amount rescheduled 0 0 0 14 0 0 0 548 Total amount forgiven 113 29 1,892 139 3 0 656 149 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 52 100 120 118 127 125 133 145 Interest 54 60 62 61 59 56 54 51 Private creditors Principal 7 11 11 18 18 17 16 14 Interest 5 6 6 6 5 5 4 4 Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 213 MYANMAR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 5,832 6,337 6,480 7,250 7,136 7,702 7,789 7,765 Long-term external debt 5,287 5,515 5,609 6,221 6,121 6,320 6,274 6,253 Public and publicly guaranteed 5,287 5,515 5,609 6,221 6,121 6,320 6,274 6,253 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 55 63 66 71 65 373 390 381 Short-term external debt 490 759 806 958 950 1,009 1,125 1,132 interest arrears on long-term 490 759 806 958 950 1,009 1,125 1,132 Memorandum items Principal arrears on long-term 1,784 2,914 3,128 3,757 3,840 4,147 4,667 4,753 Long-term public sector debt 5,193 5,414 5,508 6,102 6,000 6,193 6,131 6,109 Long-term private sector debt 94 101 101 118 121 127 143 144 Public & publicly guaranteed commitments 0 0 0 0 0 0 0 0 External debt flows Disbursements 14 1 0 1 1 0 0 0 Long-term external debt 14 1 0 1 1 0 0 0 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 22 25 9 11 10 9 553 6 Long-term external debt 22 25 9 11 10 9 553 6 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -7 -24 -9 -10 -10 -9 -553 -6 Long-term external debt -7 -24 -9 -10 -10 -9 -553 -6 Short-term external debt 0 0 0 0 0 0 0 0 Interest payments 4 3 4 5 3 3 12 2 Long-term external debt 2 1 1 2 2 2 11 1 IMF charges 2 2 3 2 1 1 1 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 255 235 276 710 864 1,079 901 850 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 11.0 11.9 12.6 10.6 10.3 10.9 10.2 Japanese yen 44.9 45.4 44.5 47.2 48.9 49.8 56.3 57.2 Pound sterling 1.2 1.4 1.5 1.4 1.0 1.1 1.1 1.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 35.4 33.5 33.3 30.3 30.6 29.9 22.0 21.8 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. .. .. .. .. .. .. .. Exports of goods, services & prim. income 2,145 3,838 4,632 6,424 7,330 6,772 7,911 .. Personal transfers & comp. of employees 104 129 115 81 55 54 115 119 Imports of goods, services & prim. income 2,627 3,429 3,959 4,796 6,106 6,129 6,639 .. Primary income on FDI 135 1,388 1,304 1,387 1,884 1,811 1,816 .. Current account balance -210 582 794 1,833 1,532 1,076 1,511 .. International reserves 223 771 1,236 3,089 3,717 5,252 5,717 7,004 6. Ratios External debt stocks to exports (%) 271.9 165.1 139.9 112.8 97.3 113.7 98.5 .. External debt stocks to GNI (%) .. .. .. .. .. .. .. .. Debt service to exports (%) 1.2 0.7 0.3 0.2 0.2 0.2 7.1 .. Short-term to external debt stocks (%) 8.4 12.0 12.4 13.2 13.3 13.1 14.4 14.6 Multilateral to external debt stocks (%) 19.7 19.4 19.3 17.8 18.4 17.4 18.2 18.0 Reserves to external debt stocks (%) 3.8 12.2 19.1 42.6 52.1 68.2 73.4 90.2 Reserves to imports (months) 1.0 2.7 3.7 7.7 7.3 10.3 10.3 .. 214 MYANMAR (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,287 5,515 5,609 6,221 6,121 6,320 6,274 6,253 Public and publicly guaranteed 5,287 5,515 5,609 6,221 6,121 6,320 6,274 6,253 Official creditors 4,262 4,568 4,646 5,218 5,155 5,345 5,823 5,809 Multilateral 1,148 1,228 1,253 1,290 1,311 1,341 1,415 1,401 of which: IBRD 0 0 0 0 0 0 0 0 IDA 684 752 776 793 770 777 799 787 Bilateral 3,114 3,340 3,393 3,928 3,845 4,004 4,408 4,409 Private creditors 1,026 947 963 1,002 966 976 451 443 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 546 546 546 546 546 546 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 14 1 0 1 1 0 0 0 Public and publicly guaranteed 14 1 0 1 1 0 0 0 Official creditors 12 1 0 1 1 0 0 0 Multilateral 1 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 11 1 0 1 0 0 0 0 Private creditors 3 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 22 25 9 11 10 9 553 6 Public and publicly guaranteed 22 25 9 11 10 9 553 6 Official creditors 2 8 8 11 10 9 6 6 Multilateral 2 2 2 2 1 1 1 1 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 6 6 9 9 8 6 5 Private creditors 20 17 1 1 0 0 546 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 546 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 2 1 1 2 2 2 11 1 Public and publicly guaranteed 2 1 1 2 2 2 11 1 Official creditors 0 1 1 2 2 2 1 1 Multilateral 0 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 1 1 2 2 2 1 1 Private creditors 2 0 0 0 0 0 10 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 10 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -73 -460 142 770 -114 566 87 -23 Net flows on external debt -7 -24 -9 -10 -10 -9 -553 -6 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 189 173 148 132 87 115 102 98 Interest 18 15 13 11 10 9 8 7 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Fiscal year-end for external debt data is March. Long-term public and publicly guaranteed debt data are World Bank staff estimates based on the original terms of the loans. 215 NEPAL (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,878 3,191 3,404 3,615 3,698 3,778 3,797 3,956 Long-term external debt 2,826 3,112 3,268 3,468 3,551 3,552 3,517 3,661 Public and publicly guaranteed 2,826 3,112 3,268 3,468 3,551 3,552 3,517 3,661 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 23 32 55 92 89 183 219 214 Short-term external debt 29 47 81 55 57 44 61 81 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 2,826 3,112 3,268 3,468 3,551 3,552 3,517 3,661 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 86 195 166 131 84 183 432 419 External debt flows Disbursements 154 192 184 175 103 116 177 306 Long-term external debt 154 192 163 141 103 116 134 306 IMF purchases 0 0 21 33 0 0 44 0 Principal repayments 71 85 105 113 127 143 154 167 Long-term external debt 67 85 105 113 127 140 149 162 IMF repurchases 4 0 0 0 0 2 4 4 Net flows 69 118 113 36 -21 -40 41 159 Long-term external debt 87 107 58 29 -23 -25 -16 143 Short-term external debt -14 11 34 -26 2 -13 17 20 Interest payments 31 32 35 35 35 34 34 36 Long-term external debt 28 30 30 30 34 32 33 35 IMF charges 1 0 1 1 0 1 0 0 Short-term external debt 3 2 4 4 1 1 1 1 2. Other non-debt resource inflows Foreign direct investment 0 2 -7 6 1 38 88 94 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.1 2.1 2.1 1.7 1.6 1.4 1.2 Japanese yen 9.2 8.9 7.7 7.1 8.0 7.2 7.4 10.2 Pound sterling 0.1 0.1 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 38.6 43.6 44.2 43.5 42.5 42.4 42.0 40.5 4. Average terms of new commitments Official creditors Interest (%) 1.4 1.1 1.3 1.9 0.6 0.8 1.2 1.0 Maturity (years) 31.4 34.6 24.6 25.2 30.7 37.1 31.4 36.2 Grace period (years) 8.1 8.7 8.1 6.3 9.8 9.8 8.2 4.8 Private creditors Interest (%) 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 27.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 8.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 5,514 8,153 9,144 10,383 12,695 13,053 16,136 18,989 Exports of goods, services & prim. income 1,354 1,423 1,393 1,661 1,946 1,753 1,783 2,150 Personal transfers & comp. of employees 111 1,212 1,453 1,734 2,727 2,985 3,469 4,217 Imports of goods, services & prim. income 1,825 2,803 3,030 3,743 4,456 5,160 6,004 6,588 Primary income on FDI 0 57 56 54 44 9 50 59 Current account balance -131 153 150 6 733 18 -128 289 International reserves 945 1,499 1,935 2,014 2,458 2,761 2,925 3,631 6. Ratios External debt stocks to exports (%) 212.5 224.2 244.5 217.7 190.0 215.6 212.9 184.0 External debt stocks to GNI (%) 52.2 39.1 37.2 34.8 29.1 28.9 23.5 20.8 Debt service to exports (%) 7.5 8.3 10.0 8.9 8.3 10.1 10.5 9.5 Short-term to external debt stocks (%) 1.0 1.5 2.4 1.5 1.5 1.2 1.6 2.0 Multilateral to external debt stocks (%) 85.4 85.8 85.7 86.5 86.2 84.7 82.7 79.7 Reserves to external debt stocks (%) 32.9 47.0 56.9 55.7 66.5 73.1 77.0 91.8 Reserves to imports (months) 6.2 6.4 7.7 6.5 6.6 6.4 5.8 6.6 216 NEPAL (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,826 3,112 3,268 3,468 3,551 3,552 3,517 3,661 Public and publicly guaranteed 2,826 3,112 3,268 3,468 3,551 3,552 3,517 3,661 Official creditors 2,821 3,108 3,264 3,463 3,547 3,548 3,514 3,659 Multilateral 2,457 2,737 2,918 3,126 3,187 3,199 3,140 3,153 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,132 1,396 1,468 1,524 1,507 1,483 1,426 1,426 Bilateral 364 370 346 338 360 349 374 505 Private creditors 5 5 5 5 4 4 3 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 154 192 163 141 103 116 134 306 Public and publicly guaranteed 154 192 163 141 103 116 134 306 Official creditors 154 192 163 141 103 116 134 306 Multilateral 142 86 157 135 102 92 103 147 of which: IBRD 0 0 0 0 0 0 0 0 IDA 49 33 43 35 31 7 11 49 Bilateral 11 106 6 6 2 23 31 159 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 67 85 105 113 127 140 149 162 Public and publicly guaranteed 67 85 105 113 127 140 149 162 Official creditors 59 85 104 112 126 140 149 162 Multilateral 37 61 68 81 93 106 114 124 of which: IBRD 0 0 0 0 0 0 0 0 IDA 16 30 31 34 39 41 43 45 Bilateral 22 24 36 32 33 34 35 38 Private creditors 7 1 0 1 1 1 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 28 30 30 30 34 32 33 35 Public and publicly guaranteed 28 30 30 30 34 32 33 35 Official creditors 27 30 30 30 34 32 32 35 Multilateral 22 26 25 26 29 28 28 30 of which: IBRD 0 0 0 0 0 0 0 0 IDA 8 12 11 11 12 11 11 12 Bilateral 5 4 5 4 4 4 4 5 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -153 -178 213 211 83 81 18 159 Net flows on external debt 69 118 113 36 -21 -40 41 159 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 174 180 183 190 195 201 205 207 Interest 47 47 46 46 45 44 42 41 Private creditors Principal 1 1 1 1 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. 217 NICARAGUA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 6,823 5,000 4,183 3,751 4,281 5,552 6,390 7,121 Long-term external debt 5,717 4,231 3,473 2,833 3,421 4,491 5,212 6,009 Public and publicly guaranteed 5,435 3,939 3,241 2,171 2,253 2,505 2,683 2,846 Private nonguaranteed 281 292 232 662 1,168 1,985 2,529 3,163 Use of IMF credit 194 229 92 116 141 346 359 373 Short-term external debt 912 540 617 803 719 716 819 739 interest arrears on long-term 791 364 438 467 472 484 495 506 Memorandum items Principal arrears on long-term 900 550 558 482 465 458 456 457 Long-term public sector debt 5,471 3,857 3,228 2,156 2,240 2,493 2,671 2,835 Long-term private sector debt 246 374 245 676 1,180 1,998 2,541 3,175 Public & publicly guaranteed commitments 185 160 566 81 283 252 335 320 External debt flows Disbursements 537 287 312 940 975 857 1,204 1,348 Long-term external debt 511 287 250 922 946 820 1,184 1,330 IMF purchases 27 0 61 18 29 37 20 18 Principal repayments 190 119 108 313 309 363 457 534 Long-term external debt 184 110 108 313 309 363 457 532 IMF repurchases 5 9 0 0 0 0 0 2 Net flows 350 210 206 784 576 479 839 723 Long-term external debt 326 176 142 609 636 457 727 799 Short-term external debt 3 43 3 157 -89 -15 92 -91 Interest payments 100 55 60 78 108 129 121 124 Long-term external debt 91 46 50 64 98 119 111 113 IMF charges 2 1 1 1 1 1 1 0 Short-term external debt 7 8 8 13 9 8 10 11 2. Other non-debt resource inflows Foreign direct investment 267 241 287 382 626 434 508 968 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 0.5 1.2 3.7 4.1 4.6 5.1 4.6 Japanese yen 2.3 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 0.1 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 70.4 80.3 75.5 83.9 83.9 83.8 84.1 85.2 4. Average terms of new commitments Official creditors Interest (%) 1.6 1.3 3.0 1.8 2.7 4.1 2.0 2.9 Maturity (years) 36.9 33.2 27.4 26.0 32.2 33.6 28.6 28.1 Grace period (years) 9.7 9.1 7.8 6.9 11.4 6.4 5.9 5.3 Private creditors Interest (%) 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 39.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 10.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,735 4,723 5,102 5,527 6,212 5,955 6,316 7,050 Exports of goods, services & prim. income 1,133 1,434 1,692 2,422 2,922 2,779 3,488 4,444 Personal transfers & comp. of employees 320 616 698 740 820 770 825 914 Imports of goods, services & prim. income 2,479 3,075 3,541 4,721 5,569 4,672 5,544 6,938 Primary income on FDI 69 82 85 93 113 121 135 146 Current account balance -936 -784 -845 -1,225 -1,507 -775 -883 -1,302 International reserves 488 728 922 1,103 1,141 1,573 1,799 1,892 6. Ratios External debt stocks to exports (%) 602.4 348.7 247.2 154.9 146.5 199.8 183.2 160.2 External debt stocks to GNI (%) 182.7 105.9 82.0 67.9 68.9 93.2 101.2 101.0 Debt service to exports (%) 25.6 12.1 9.9 16.2 14.3 17.7 16.6 14.8 Short-term to external debt stocks (%) 13.4 10.8 14.8 21.4 16.8 12.9 12.8 10.4 Multilateral to external debt stocks (%) 32.0 56.8 50.5 30.1 28.7 26.2 25.9 26.0 Reserves to external debt stocks (%) 7.2 14.6 22.0 29.4 26.7 28.3 28.2 26.6 Reserves to imports (months) 2.4 2.8 3.1 2.8 2.5 4.0 3.9 3.3 218 NICARAGUA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,717 4,231 3,473 2,833 3,421 4,491 5,212 6,009 Public and publicly guaranteed 5,435 3,939 3,241 2,171 2,253 2,505 2,683 2,846 Official creditors 5,220 3,867 3,168 2,165 2,249 2,502 2,680 2,843 Multilateral 2,183 2,838 2,114 1,131 1,227 1,457 1,653 1,852 of which: IBRD 5 0 0 0 0 0 0 0 IDA 654 1,136 256 321 347 418 447 474 Bilateral 3,037 1,029 1,054 1,035 1,022 1,045 1,027 991 Private creditors 216 72 73 5 4 4 3 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 188 55 55 0 0 0 0 0 Private nonguaranteed 281 292 232 662 1,168 1,985 2,529 3,163 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 511 287 250 922 946 820 1,184 1,330 Public and publicly guaranteed 226 226 250 368 183 291 267 239 Official creditors 220 226 250 368 183 291 267 239 Multilateral 172 215 220 329 128 246 235 234 of which: IBRD 0 0 0 0 0 0 0 0 IDA 87 63 61 53 28 67 37 31 Bilateral 48 11 30 39 55 45 32 5 Private creditors 6 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 285 61 0 554 763 529 918 1,091 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 184 110 108 313 309 363 457 532 Public and publicly guaranteed 71 64 49 198 52 62 56 64 Official creditors 62 64 49 198 52 62 56 63 Multilateral 37 22 29 170 22 26 21 30 of which: IBRD 5 0 0 0 0 0 0 0 IDA 2 0 0 0 0 0 0 2 Bilateral 26 41 21 28 30 36 35 33 Private creditors 8 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 114 47 59 115 257 301 401 468 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 91 46 50 64 98 119 111 113 Public and publicly guaranteed 79 44 49 46 39 37 33 39 Official creditors 76 44 49 46 39 37 33 39 Multilateral 65 27 32 28 24 24 24 29 of which: IBRD 1 0 0 0 0 0 0 0 IDA 5 7 4 2 3 3 3 3 Bilateral 12 17 16 18 15 13 9 10 Private creditors 3 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 Private nonguaranteed 12 2 2 19 59 82 77 74 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -47 -90 -817 -431 529 1,271 838 731 Net flows on external debt 350 210 206 784 576 479 839 723 9. Debt restructurings Total amount rescheduled 149 1 2 0 0 22 0 0 Total amount forgiven 35 169 1,230 1,278 56 16 10 3 Debt buyback 0 0 0 17 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 98 89 97 105 114 123 128 120 Interest 47 51 53 54 53 50 48 45 Private creditors Principal 849 598 536 317 253 191 159 127 Interest 139 104 72 52 37 26 16 8 Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 219 NIGER (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,721 2,006 816 1,135 988 1,173 1,268 1,408 Long-term external debt 1,563 1,825 728 819 830 887 938 1,100 Public and publicly guaranteed 1,495 1,792 702 799 817 880 938 1,100 Private nonguaranteed 68 33 26 20 13 7 0 0 Use of IMF credit 86 141 41 55 65 155 158 153 Short-term external debt 72 41 47 261 93 131 172 156 interest arrears on long-term 60 38 38 38 19 17 23 21 Memorandum items Principal arrears on long-term 97 52 46 49 63 55 82 71 Long-term public sector debt 1,495 1,792 702 799 817 880 938 1,100 Long-term private sector debt 68 33 26 20 13 7 0 0 Public & publicly guaranteed commitments 64 131 188 54 135 191 217 418 External debt flows Disbursements 87 152 126 92 109 108 95 194 Long-term external debt 76 135 117 80 98 103 90 194 IMF purchases 11 17 9 12 12 5 5 0 Principal repayments 16 27 160 17 18 35 17 22 Long-term external debt 14 22 46 17 18 35 17 17 IMF repurchases 2 5 114 0 0 0 0 5 Net flows 52 122 -28 289 -58 113 112 158 Long-term external debt 62 113 71 63 79 67 72 176 Short-term external debt -20 -3 6 214 -149 40 35 -14 Interest payments 11 14 11 16 11 10 9 13 Long-term external debt 8 13 10 9 7 8 8 10 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 2 0 0 6 4 1 1 2 2. Other non-debt resource inflows Foreign direct investment 8 50 40 99 282 631 940 1,014 Portfolio equity 0 1 0 0 1 9 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 11.2 0.8 0.2 0.2 0.4 0.8 7.5 Japanese yen 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 46.7 58.4 49.3 48.8 48.0 47.0 48.1 42.0 4. Average terms of new commitments Official creditors Interest (%) 0.7 0.9 0.8 1.6 1.4 1.2 1.4 1.0 Maturity (years) 36.5 35.0 36.7 28.4 34.0 32.5 32.3 34.4 Grace period (years) 9.4 8.8 9.5 7.9 9.1 9.5 9.5 2.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1,782 3,397 3,645 4,290 5,351 5,220 5,379 5,955 Exports of goods, services & prim. income 334 602 640 806 1,124 1,186 .. .. Personal transfers & comp. of employees 14 66 78 79 94 102 102 102 Imports of goods, services & prim. income 485 1,095 1,118 1,343 2,006 2,657 .. .. Primary income on FDI 2 21 13 28 23 84 0 0 Current account balance -104 -312 -314 -351 -651 -1,320 -1,147 .. International reserves 81 251 371 593 705 656 760 673 6. Ratios External debt stocks to exports (%) 515.7 333.2 127.3 140.8 87.8 98.9 .. .. External debt stocks to GNI (%) 96.6 59.1 22.4 26.5 18.5 22.5 23.6 23.7 Debt service to exports (%) 8.0 6.8 26.7 4.0 2.6 3.8 .. .. Short-term to external debt stocks (%) 4.2 2.0 5.8 23.0 9.4 11.1 13.6 11.0 Multilateral to external debt stocks (%) 59.8 79.3 63.2 53.7 62.4 56.8 55.9 62.2 Reserves to external debt stocks (%) 4.7 12.5 45.5 52.2 71.4 55.9 60.0 47.8 Reserves to imports (months) 2.0 2.7 4.0 5.3 4.2 3.0 .. .. 220 NIGER (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,563 1,825 728 819 830 887 938 1,100 Public and publicly guaranteed 1,495 1,792 702 799 817 880 938 1,100 Official creditors 1,495 1,792 702 799 817 880 938 1,100 Multilateral 1,030 1,592 515 610 617 666 709 876 of which: IBRD 0 0 0 0 0 0 0 0 IDA 723 1,080 189 235 248 266 275 355 Bilateral 465 200 187 189 200 215 229 224 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 68 33 26 20 13 7 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 76 135 117 80 98 103 90 194 Public and publicly guaranteed 76 135 117 80 98 103 90 194 Official creditors 76 135 117 80 98 103 90 194 Multilateral 76 133 111 80 79 88 75 191 of which: IBRD 0 0 0 0 0 0 0 0 IDA 68 65 55 37 15 16 14 83 Bilateral 0 2 6 0 18 15 15 3 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 14 22 46 17 18 35 17 17 Public and publicly guaranteed 12 15 39 10 12 29 11 17 Official creditors 12 15 39 10 12 29 11 17 Multilateral 10 13 26 10 11 27 11 17 of which: IBRD 0 0 0 0 0 0 0 0 IDA 8 1 1 0 0 0 0 1 Bilateral 2 2 13 0 1 2 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 2 7 7 7 7 7 7 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 8 13 10 9 7 8 8 10 Public and publicly guaranteed 8 11 8 8 6 8 8 10 Official creditors 8 11 8 8 6 8 8 10 Multilateral 7 11 8 7 5 7 7 9 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 6 4 2 1 2 2 2 Bilateral 1 0 1 1 1 1 1 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 2 2 2 1 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 4 0 -1,191 320 -147 185 95 140 Net flows on external debt 52 122 -28 289 -58 113 112 158 9. Debt restructurings Total amount rescheduled 28 0 0 0 0 6 0 0 Total amount forgiven 0 28 1,323 1 42 0 0 9 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 89 44 39 44 50 53 53 60 Interest 11 13 14 15 15 15 15 14 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 221 NIGERIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 31,582 22,309 7,955 8,807 11,600 10,362 10,389 13,108 Long-term external debt 30,257 20,248 3,829 3,614 3,902 4,221 4,691 6,396 Public and publicly guaranteed 30,042 20,248 3,829 3,614 3,902 4,221 4,691 5,896 Private nonguaranteed 215 0 0 0 0 0 0 500 Use of IMF credit 205 225 236 248 242 2,626 2,580 2,572 Short-term external debt 1,120 1,836 3,890 4,944 7,456 3,514 3,118 4,139 interest arrears on long-term 43 3 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 117 3 0 0 0 0 0 0 Long-term public sector debt 29,986 20,219 3,805 3,596 3,888 4,214 4,691 5,896 Long-term private sector debt 271 29 24 19 14 7 0 500 Public & publicly guaranteed commitments 86 706 507 777 986 985 1,595 920 External debt flows Disbursements 153 379 777 532 409 519 1,057 2,047 Long-term external debt 153 379 777 532 409 519 1,057 2,047 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,092 3,863 6,442 916 340 342 248 274 Long-term external debt 1,092 3,863 6,442 916 340 342 248 274 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -697 -3,002 -3,608 671 2,581 -3,764 413 2,794 Long-term external debt -938 -3,484 -5,665 -383 69 178 809 1,773 Short-term external debt 241 482 2,057 1,054 2,512 -3,942 -396 1,021 Interest payments 763 5,007 383 338 238 160 111 144 Long-term external debt 690 4,937 259 86 87 85 59 96 IMF charges 9 7 10 8 2 6 8 3 Short-term external debt 64 64 114 243 149 69 44 45 2. Other non-debt resource inflows Foreign direct investment 1,140 4,983 4,854 6,035 8,197 8,555 6,049 8,842 Portfolio equity 0 751 1,769 1,447 -954 487 2,161 2,571 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 36.3 4.7 3.9 3.5 5.3 3.9 2.6 Japanese yen 2.3 9.9 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.5 17.2 0.2 0.2 0.2 0.1 0.1 0.1 Swiss franc 0.0 1.9 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 85.0 27.3 59.4 58.6 61.5 58.8 61.6 68.7 4. Average terms of new commitments Official creditors Interest (%) 1.0 0.7 1.6 0.8 0.8 0.8 1.7 0.8 Maturity (years) 32.9 37.6 28.2 40.7 40.2 39.5 28.1 39.3 Grace period (years) 9.7 10.3 7.1 10.1 9.8 10.0 8.2 1.3 Private creditors Interest (%) 0.0 0.0 0.0 6.0 0.0 0.0 0.0 6.8 Maturity (years) 0.0 0.0 0.0 10.4 0.0 0.0 0.0 10.0 Grace period (years) 0.0 0.0 0.0 3.0 0.0 0.0 0.0 10.0 5. Major economic aggregates Gross national income (GNI) 40,256 98,881 141,275 154,068 194,690 154,005 178,059 214,561 Exports of goods, services & prim. income 21,183 57,149 61,109 70,046 90,345 59,274 80,827 96,788 Personal transfers & comp. of employees 1,392 14,640 16,932 18,011 19,206 18,368 19,818 20,619 Imports of goods, services & prim. income 15,383 35,773 42,389 60,948 81,632 64,815 88,299 109,908 Primary income on FDI 2,279 2,603 5,768 13,056 17,000 15,042 20,032 23,072 Current account balance 7,427 36,529 36,518 27,643 29,111 13,821 13,309 8,689 International reserves 9,911 28,280 42,299 51,334 53,002 44,763 34,919 35,212 6. Ratios External debt stocks to exports (%) 149.1 39.0 13.0 12.6 12.8 17.5 12.9 13.5 External debt stocks to GNI (%) 78.5 22.6 5.6 5.7 6.0 6.7 5.8 6.1 Debt service to exports (%) 8.8 15.5 11.2 1.8 0.6 0.8 0.4 0.4 Short-term to external debt stocks (%) 3.5 8.2 48.9 56.1 64.3 33.9 30.0 31.6 Multilateral to external debt stocks (%) 10.5 11.5 34.1 33.3 26.1 34.0 41.5 36.6 Reserves to external debt stocks (%) 31.4 126.8 531.7 582.9 456.9 432.0 336.1 268.6 Reserves to imports (months) 7.7 9.5 12.0 10.1 7.8 8.3 4.7 3.8 222 NIGERIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 30,257 20,248 3,829 3,614 3,902 4,221 4,691 6,396 Public and publicly guaranteed 30,042 20,248 3,829 3,614 3,902 4,221 4,691 5,896 Official creditors 26,596 18,039 2,988 3,288 3,573 4,013 4,599 5,334 Multilateral 3,324 2,561 2,713 2,932 3,024 3,521 4,310 4,799 of which: IBRD 1,625 722 534 381 211 113 43 7 IDA 644 1,136 1,541 1,929 2,243 2,739 3,662 4,201 Bilateral 23,272 15,479 275 356 549 492 289 535 Private creditors 3,446 2,209 841 326 328 208 92 563 of which: Bonds 2,051 1,442 0 0 0 0 0 500 Commercial banks 0 37 59 78 101 83 0 0 Private nonguaranteed 215 0 0 0 0 0 0 500 of which: Bonds 0 0 0 0 0 0 0 500 Disbursements 153 379 777 532 409 519 1,057 2,047 Public and publicly guaranteed 153 379 777 532 409 519 1,057 1,547 Official creditors 153 345 502 468 385 519 1,057 1,047 Multilateral 153 286 377 386 383 519 1,037 728 of which: IBRD 31 0 0 0 0 0 0 0 IDA 55 265 362 335 353 497 1,000 682 Bilateral 0 59 125 82 2 0 20 319 Private creditors 0 34 274 64 24 0 0 500 of which: Bonds 0 0 0 0 0 0 0 500 Commercial banks 0 26 33 18 24 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 500 of which: Bonds 0 0 0 0 0 0 0 500 Principal repayments 1,092 3,863 6,442 916 340 342 248 274 Public and publicly guaranteed 1,057 3,863 6,442 916 340 342 248 274 Official creditors 915 3,685 4,802 320 319 286 214 245 Multilateral 405 368 340 307 295 214 166 172 of which: IBRD 273 224 211 176 189 96 71 37 IDA 4 19 19 20 20 21 24 77 Bilateral 510 3,317 4,461 12 24 72 49 73 Private creditors 142 179 1,640 596 21 55 33 29 of which: Bonds 0 0 1,442 0 0 0 0 0 Commercial banks 0 3 1 0 0 18 0 0 Private nonguaranteed 35 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 690 4,937 259 86 87 85 59 96 Public and publicly guaranteed 673 4,937 259 86 87 85 59 77 Official creditors 516 4,717 91 80 84 71 53 56 Multilateral 190 97 86 74 62 47 41 42 of which: IBRD 103 39 33 25 17 8 2 1 IDA 5 12 14 15 17 17 23 29 Bilateral 326 4,620 5 7 21 24 12 14 Private creditors 157 220 168 6 4 14 6 21 of which: Bonds 128 170 143 0 0 0 0 17 Commercial banks 0 3 0 0 0 6 0 0 Private nonguaranteed 18 0 0 0 0 0 0 19 of which: Bonds 0 0 0 0 0 0 0 19 8. Debt stock-flow reconciliation Total change in external debt stocks 2,214 -15,731 -14,354 851 2,793 -1,238 27 2,718 Net flows on external debt -697 -3,002 -3,608 671 2,581 -3,764 413 2,794 9. Debt restructurings Total amount rescheduled 20,920 0 1 0 0 0 0 0 Total amount forgiven 0 7,284 10,891 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 184 179 157 103 116 136 232 271 Interest 68 70 71 73 74 74 73 70 Private creditors Principal 63 0 0 0 500 0 0 0 Interest 73 71 71 71 53 34 34 34 223 PAKISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 32,954 33,991 37,148 41,982 49,505 56,329 58,488 60,182 Long-term external debt 29,684 31,026 34,108 38,104 43,522 45,818 45,939 47,685 Public and publicly guaranteed 27,124 30,062 33,201 36,910 40,338 42,553 43,395 45,122 Private nonguaranteed 2,560 964 907 1,193 3,184 3,265 2,544 2,563 Use of IMF credit 1,751 1,735 1,718 1,650 4,614 9,045 10,258 9,962 Short-term external debt 1,519 1,230 1,322 2,228 1,370 1,466 2,291 2,535 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 26,946 30,048 33,187 36,896 40,323 42,539 43,382 45,109 Long-term private sector debt 2,738 978 921 1,207 3,198 3,278 2,557 2,576 Public & publicly guaranteed commitments 865 4,523 3,415 3,668 4,019 5,372 3,459 2,724 External debt flows Disbursements 1,838 2,827 3,667 3,725 6,802 7,735 3,650 2,875 Long-term external debt 1,644 2,827 3,667 3,725 3,601 4,420 2,016 2,875 IMF purchases 195 0 0 0 3,201 3,315 1,634 0 Principal repayments 1,870 1,698 1,439 1,531 1,943 2,473 3,274 1,936 Long-term external debt 1,587 1,461 1,332 1,379 1,763 2,243 3,010 1,664 IMF repurchases 282 237 107 152 180 231 265 272 Net flows -343 1,114 2,320 3,100 4,001 5,357 1,201 1,183 Long-term external debt 56 1,366 2,335 2,346 1,838 2,177 -994 1,211 Short-term external debt -311 -15 92 906 -858 96 825 244 Interest payments 995 750 883 1,144 1,069 1,005 1,037 1,023 Long-term external debt 857 673 808 998 1,026 916 875 805 IMF charges 59 21 21 19 9 70 132 178 Short-term external debt 78 56 54 127 33 18 30 39 2. Other non-debt resource inflows Foreign direct investment 308 2,201 4,273 5,590 5,438 2,338 2,018 1,309 Portfolio equity 35 451 1,152 1,276 -270 -37 524 -37 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 12.1 12.0 11.6 10.0 9.8 8.8 8.2 Japanese yen 16.9 17.4 16.0 15.3 17.7 16.8 18.8 19.5 Pound sterling 0.7 0.4 0.3 0.3 0.2 0.2 0.1 0.1 Swiss franc 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 U.S.dollars 41.6 42.1 44.8 44.5 44.3 46.5 44.8 45.7 4. Average terms of new commitments Official creditors Interest (%) 6.2 1.8 4.0 3.0 2.2 1.6 2.3 1.1 Maturity (years) 12.8 26.9 21.2 28.9 22.9 23.2 22.0 28.9 Grace period (years) 3.1 8.2 6.1 7.8 5.9 6.8 7.3 6.4 Private creditors Interest (%) 8.0 4.7 7.4 6.7 0.0 0.0 0.0 0.0 Maturity (years) 5.3 6.3 17.5 9.0 0.0 0.0 0.0 0.0 Grace period (years) 1.0 4.1 17.5 8.8 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 73,025 111,867 130,007 145,773 167,234 166,223 183,620 220,252 Exports of goods, services & prim. income 10,237 19,760 21,404 23,302 26,756 22,921 28,738 32,173 Personal transfers & comp. of employees 1,075 4,280 5,121 5,998 7,039 8,717 9,690 12,263 Imports of goods, services & prim. income 14,484 32,445 39,094 42,687 53,546 39,373 43,885 50,838 Primary income on FDI 429 1,871 2,580 2,974 3,203 2,548 2,140 2,102 Current account balance -85 -3,606 -6,749 -8,301 -15,655 -3,993 -1,354 -2,234 International reserves 1,513 10,033 11,543 14,044 7,194 11,318 14,346 14,528 6. Ratios External debt stocks to exports (%) 321.9 172.0 173.6 180.2 185.0 245.8 203.5 187.1 External debt stocks to GNI (%) 45.1 30.4 28.6 28.8 29.6 33.9 31.9 27.3 Debt service to exports (%) 28.0 12.4 10.8 11.5 11.3 15.2 15.0 9.2 Short-term to external debt stocks (%) 4.6 3.6 3.6 5.3 2.8 2.6 3.9 4.2 Multilateral to external debt stocks (%) 40.9 46.9 47.6 47.6 44.7 42.0 42.1 42.3 Reserves to external debt stocks (%) 4.6 29.5 31.1 33.5 14.5 20.1 24.5 24.1 Reserves to imports (months) 1.3 3.7 3.5 3.9 1.6 3.4 3.9 3.4 224 PAKISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 29,684 31,026 34,108 38,104 43,522 45,818 45,939 47,685 Public and publicly guaranteed 27,124 30,062 33,201 36,910 40,338 42,553 43,395 45,122 Official creditors 25,074 28,880 30,960 33,916 37,252 40,048 41,596 43,355 Multilateral 13,491 15,942 17,665 19,978 22,109 23,667 24,614 25,427 of which: IBRD 3,093 2,238 2,143 2,086 1,946 1,769 1,688 1,610 IDA 3,828 6,865 7,871 9,075 9,053 10,075 10,118 10,772 Bilateral 11,583 12,938 13,295 13,939 15,143 16,381 16,982 17,927 Private creditors 2,051 1,182 2,241 2,994 3,086 2,505 1,799 1,768 of which: Bonds 623 1,100 1,900 2,650 2,650 2,150 1,550 1,550 Commercial banks 1,099 30 7 4 125 75 0 0 Private nonguaranteed 2,560 964 907 1,193 3,184 3,265 2,544 2,563 of which: Bonds 45 600 850 850 850 850 250 250 Disbursements 1,644 2,827 3,667 3,725 3,601 4,420 2,016 2,875 Public and publicly guaranteed 1,527 2,227 3,417 3,195 2,690 3,739 1,861 2,574 Official creditors 1,522 1,615 2,334 2,435 2,563 3,738 1,859 2,574 Multilateral 1,043 1,523 2,124 2,195 2,164 2,508 1,378 1,595 of which: IBRD 159 217 155 175 54 89 61 61 IDA 141 628 854 1,001 187 1,177 371 880 Bilateral 479 92 211 240 399 1,230 481 979 Private creditors 4 612 1,082 760 127 1 1 0 of which: Bonds 0 600 800 750 0 0 0 0 Commercial banks 0 0 0 0 125 0 0 0 Private nonguaranteed 117 600 250 530 912 681 155 301 of which: Bonds 0 600 250 0 0 0 0 0 Principal repayments 1,587 1,461 1,332 1,379 1,763 2,243 3,010 1,664 Public and publicly guaranteed 1,143 1,134 1,089 1,107 1,307 1,637 2,133 1,382 Official creditors 1,105 991 1,065 1,101 1,272 1,055 1,426 1,350 Multilateral 829 771 824 727 1,041 925 939 1,055 of which: IBRD 227 312 284 284 297 253 188 160 IDA 64 115 165 134 149 188 166 180 Bilateral 276 220 241 374 230 130 487 295 Private creditors 37 143 23 7 35 582 707 32 of which: Bonds 0 108 0 0 0 500 600 0 Commercial banks 30 15 23 3 3 50 75 0 Private nonguaranteed 445 327 243 272 456 606 876 282 of which: Bonds 0 0 0 0 0 0 600 0 Interest payments 857 673 808 998 1,026 916 875 805 Public and publicly guaranteed 641 597 729 866 879 811 785 711 Official creditors 527 547 617 692 682 643 654 594 Multilateral 383 229 258 310 318 278 215 226 of which: IBRD 182 92 107 114 88 53 18 16 IDA 29 52 56 64 77 75 81 92 Bilateral 144 318 359 382 364 364 439 368 Private creditors 114 50 112 174 197 169 131 117 of which: Bonds 61 47 110 171 184 156 120 111 Commercial banks 38 2 3 0 5 5 4 0 Private nonguaranteed 217 76 79 132 147 105 90 95 of which: Bonds 2 3 52 67 60 50 30 22 8. Debt stock-flow reconciliation Total change in external debt stocks -1,121 -2,337 3,157 4,833 7,524 6,823 2,160 1,694 Net flows on external debt -343 1,114 2,320 3,100 4,001 5,357 1,201 1,183 9. Debt restructurings Total amount rescheduled 918 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 1 5 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 2,428 1,973 2,057 2,045 2,076 2,447 2,544 2,574 Interest 746 741 730 708 691 660 621 577 Private creditors Principal 681 746 450 269 694 889 116 93 Interest 240 201 165 149 119 67 35 29 Notes: Long-term private nonguaranteed debt data from 2006 are World Bank staff estimates based on the reports provided by the country. Short-term debt is based on data from the BIS. 225 PANAMA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 6,606 8,108 8,935 8,786 9,281 11,244 11,382 12,583 Long-term external debt 6,481 8,047 8,881 8,739 9,241 10,935 11,079 12,281 Public and publicly guaranteed 5,700 6,305 7,186 7,678 8,130 9,799 10,087 10,890 Private nonguaranteed 780 1,742 1,694 1,061 1,111 1,136 991 1,391 Use of IMF credit 124 61 55 47 41 309 303 302 Short-term external debt 1 0 0 0 0 0 0 0 interest arrears on long-term 1 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 0 0 0 0 0 0 0 Long-term public sector debt 5,700 6,305 7,186 7,678 8,130 9,799 10,087 10,890 Long-term private sector debt 780 1,742 1,694 1,061 1,111 1,136 991 1,391 Public & publicly guaranteed commitments 478 1,265 2,699 350 827 1,732 362 1,479 External debt flows Disbursements 724 1,595 3,029 679 704 1,890 445 1,361 Long-term external debt 724 1,595 3,029 679 704 1,890 445 1,361 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 463 1,216 2,226 181 664 190 320 185 Long-term external debt 411 1,207 2,216 171 659 190 320 185 IMF repurchases 52 10 10 10 5 0 0 0 Net flows 261 378 803 498 40 1,700 125 1,176 Long-term external debt 313 388 813 508 46 1,700 125 1,176 Short-term external debt 0 0 0 0 0 0 0 0 Interest payments 426 543 725 609 642 685 727 745 Long-term external debt 418 541 722 607 641 684 726 745 IMF charges 8 2 3 2 1 1 1 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 624 1,104 2,936 2,023 2,534 1,086 2,182 3,258 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 1.8 1.1 0.9 0.8 0.8 1.0 2.1 7.4 Pound sterling 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 91.8 95.9 96.9 97.4 97.8 98.2 97.4 92.2 4. Average terms of new commitments Official creditors Interest (%) 5.8 4.7 5.7 3.3 4.2 2.1 1.3 1.8 Maturity (years) 22.8 19.9 17.9 21.6 20.3 21.4 19.0 19.5 Grace period (years) 4.6 5.1 4.0 5.8 4.7 3.5 4.3 4.3 Private creditors Interest (%) 10.4 7.3 4.0 0.0 1.2 3.8 0.0 1.8 Maturity (years) 19.0 22.2 21.4 0.0 11.1 10.0 0.0 10.0 Grace period (years) 19.0 22.2 21.4 0.0 7.8 9.5 0.0 10.0 5. Major economic aggregates Gross national income (GNI) 11,007 14,340 15,879 18,487 21,432 22,620 24,916 28,816 Exports of goods, services & prim. income 9,408 11,619 13,846 16,124 17,991 19,006 20,254 26,007 Personal transfers & comp. of employees 16 130 157 180 196 336 406 388 Imports of goods, services & prim. income 10,258 12,882 14,547 17,784 20,951 19,311 23,245 30,009 Primary income on FDI 562 1,048 1,197 1,521 1,748 1,310 1,829 2,094 Current account balance -673 -1,022 -448 -1,407 -2,722 -178 -2,862 -3,874 International reserves 723 1,211 1,335 1,935 2,424 3,028 2,714 2,304 6. Ratios External debt stocks to exports (%) 70.2 69.8 64.5 54.5 51.6 59.2 56.2 48.4 External debt stocks to GNI (%) 60.0 56.5 56.3 47.5 43.3 49.7 45.7 43.7 Debt service to exports (%) 9.4 15.1 21.3 4.9 7.3 4.6 5.2 3.6 Short-term to external debt stocks (%) 0.0 .. .. .. .. .. .. .. Multilateral to external debt stocks (%) 15.5 13.7 13.1 14.0 14.4 14.5 15.9 16.1 Reserves to external debt stocks (%) 10.9 14.9 14.9 22.0 26.1 26.9 23.8 18.3 Reserves to imports (months) 0.8 1.1 1.1 1.3 1.4 1.9 1.4 0.9 226 PANAMA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 6,481 8,047 8,881 8,739 9,241 10,935 11,079 12,281 Public and publicly guaranteed 5,700 6,305 7,186 7,678 8,130 9,799 10,087 10,890 Official creditors 1,289 1,306 1,349 1,408 1,530 1,834 2,127 2,399 Multilateral 1,024 1,113 1,167 1,226 1,337 1,627 1,814 2,028 of which: IBRD 283 212 185 216 271 435 420 399 IDA 0 0 0 0 0 0 0 0 Bilateral 265 194 182 182 192 207 313 371 Private creditors 4,411 4,999 5,837 6,270 6,600 7,965 7,961 8,491 of which: Bonds 4,141 4,920 5,775 6,225 6,415 7,738 7,738 8,272 Commercial banks 267 78 62 45 186 227 223 219 Private nonguaranteed 780 1,742 1,694 1,061 1,111 1,136 991 1,391 of which: Bonds 266 635 581 1,061 1,061 1,061 911 1,261 Disbursements 724 1,595 3,029 679 704 1,890 445 1,361 Public and publicly guaranteed 486 1,325 2,461 199 654 1,865 440 957 Official creditors 97 94 183 199 254 461 440 436 Multilateral 88 91 182 188 241 426 334 371 of which: IBRD 22 9 15 74 99 203 24 20 IDA 0 0 0 0 0 0 0 0 Bilateral 10 3 1 11 13 35 107 65 Private creditors 388 1,231 2,278 0 400 1,404 0 520 of which: Bonds 370 1,230 2,276 0 235 1,323 0 520 Commercial banks 17 1 1 0 165 81 0 0 Private nonguaranteed 238 270 569 480 50 25 5 404 of which: Bonds 0 150 300 480 0 0 0 350 Principal repayments 411 1,207 2,216 171 659 190 320 185 Public and publicly guaranteed 386 955 1,585 171 659 190 170 178 Official creditors 109 139 145 154 160 154 166 175 Multilateral 57 126 133 139 143 135 146 156 of which: IBRD 24 39 41 43 45 39 38 41 IDA 0 0 0 0 0 0 0 0 Bilateral 52 12 12 14 17 20 20 18 Private creditors 277 817 1,439 17 499 36 5 3 of which: Bonds 120 799 1,422 0 490 0 0 0 Commercial banks 156 17 18 17 9 36 5 3 Private nonguaranteed 25 251 632 0 0 0 150 7 of which: Bonds 0 0 369 0 0 0 150 0 Interest payments 418 541 722 607 641 684 726 745 Public and publicly guaranteed 365 454 634 544 578 596 638 668 Official creditors 79 59 62 70 71 72 75 76 Multilateral 69 54 58 66 66 67 71 70 of which: IBRD 21 12 11 13 13 16 17 16 IDA 0 0 0 0 0 0 0 0 Bilateral 10 5 5 5 5 5 5 6 Private creditors 286 394 571 474 506 524 563 592 of which: Bonds 264 390 568 471 501 514 560 588 Commercial banks 22 4 4 3 5 11 3 3 Private nonguaranteed 53 87 88 63 64 88 87 77 of which: Bonds 24 44 46 63 63 83 83 73 8. Debt stock-flow reconciliation Total change in external debt stocks -266 428 827 -149 495 1,962 138 1,201 Net flows on external debt 261 378 803 498 40 1,700 125 1,176 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 477 0 0 0 7 0 0 0 Debt buyback 120 0 203 0 21 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 182 187 205 209 217 206 193 170 Interest 57 57 56 54 52 48 45 41 Private creditors Principal 1,092 9 244 1,510 338 37 22 26 Interest 540 486 490 526 455 457 458 457 Notes: Long-term private nonguaranteed debt data only cover Bonds. Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2009, 2010, and 2011 are $16.0 billion, $19.1 billion, and $21.2 billion respectively. 227 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,305 1,896 1,843 1,448 1,435 1,778 5,965 12,582 Long-term external debt 2,204 1,651 1,662 1,342 1,412 1,460 5,380 12,268 Public and publicly guaranteed 1,454 1,264 1,210 1,129 1,067 1,045 1,042 1,069 Private nonguaranteed 750 387 451 213 345 415 4,337 11,199 Use of IMF credit 51 13 14 15 14 197 193 193 Short-term external debt 49 232 167 91 9 121 392 121 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 1,440 1,264 1,210 1,129 1,067 1,045 1,042 1,069 Long-term private sector debt 764 387 451 213 345 415 4,337 11,199 Public & publicly guaranteed commitments 319 0 53 37 133 122 278 360 External debt flows Disbursements 293 335 267 615 951 516 3,153 8,157 Long-term external debt 254 335 267 615 951 516 3,153 8,157 IMF purchases 38 0 0 0 0 0 0 0 Principal repayments 215 244 270 947 932 513 758 1,076 Long-term external debt 196 183 270 947 932 513 758 1,076 IMF repurchases 19 61 0 0 0 0 0 0 Net flows 30 214 -68 -408 -63 115 2,666 6,690 Long-term external debt 59 152 -3 -332 19 3 2,395 7,082 Short-term external debt -48 123 -65 -76 -82 112 271 -271 Interest payments 90 64 56 61 42 29 54 107 Long-term external debt 85 54 46 55 40 28 50 108 IMF charges 2 1 1 1 0 0 1 0 Short-term external debt 4 9 10 5 2 1 3 3 2. Other non-debt resource inflows Foreign direct investment 96 32 12 95 -31 419 29 -309 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 3.8 4.2 4.6 4.3 4.3 3.8 3.3 Japanese yen 30.1 29.8 28.9 30.0 29.3 27.2 28.1 25.8 Pound sterling 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 21.3 33.7 36.9 36.2 38.5 39.1 38.9 37.2 4. Average terms of new commitments Official creditors Interest (%) 6.5 0.0 4.4 0.8 2.1 1.7 0.8 1.5 Maturity (years) 17.3 0.0 26.1 34.7 28.2 32.1 34.7 23.0 Grace period (years) 5.1 0.0 5.2 10.2 6.7 8.5 8.9 5.8 Private creditors Interest (%) 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,303 4,531 4,931 6,261 7,931 7,855 9,262 12,428 Exports of goods, services & prim. income 2,369 3,649 4,597 5,205 6,259 4,624 6,097 7,482 Personal transfers & comp. of employees 7 7 4 8 7 5 3 11 Imports of goods, services & prim. income 2,013 3,368 4,462 5,399 5,713 5,382 6,920 7,904 Primary income on FDI 198 511 815 674 611 537 466 0 Current account balance 351 539 333 56 708 -585 -633 -174 International reserves 287 718 1,401 2,054 1,953 2,561 3,033 4,256 6. Ratios External debt stocks to exports (%) 97.3 52.0 40.1 27.8 22.9 38.5 97.8 166.5 External debt stocks to GNI (%) 69.8 41.8 37.4 23.1 18.1 22.6 64.4 100.3 Debt service to exports (%) 12.9 8.4 7.1 19.4 15.6 11.7 13.3 15.8 Short-term to external debt stocks (%) 2.1 12.2 9.1 6.3 0.6 6.8 6.6 .. Multilateral to external debt stocks (%) 35.9 44.1 44.2 51.8 50.2 40.7 11.9 5.7 Reserves to external debt stocks (%) 12.4 37.9 76.0 141.8 136.1 144.0 50.8 34.2 Reserves to imports (months) 1.7 2.6 3.8 4.6 4.1 5.7 5.3 6.5 228 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,204 1,651 1,662 1,342 1,412 1,460 5,380 12,268 Public and publicly guaranteed 1,454 1,264 1,210 1,129 1,067 1,045 1,042 1,069 Official creditors 1,394 1,213 1,165 1,087 1,023 1,008 1,009 1,043 Multilateral 826 835 815 750 721 724 712 705 of which: IBRD 244 249 246 183 158 149 139 127 IDA 92 78 76 73 71 82 86 99 Bilateral 567 378 351 337 303 285 297 338 Private creditors 60 51 45 42 44 36 33 26 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 54 8 4 4 4 3 3 3 Private nonguaranteed 750 387 451 213 345 415 4,337 11,199 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 254 335 267 615 951 516 3,153 8,157 Public and publicly guaranteed 219 45 51 40 26 33 37 93 Official creditors 206 44 48 39 26 33 37 93 Multilateral 67 41 48 39 26 33 37 39 of which: IBRD 43 20 19 12 4 2 1 0 IDA 0 0 0 0 2 14 8 18 Bilateral 139 3 0 0 0 0 0 54 Private creditors 13 1 4 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 13 0 0 0 0 0 0 0 Private nonguaranteed 35 290 216 575 925 483 3,116 8,064 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 196 183 270 947 932 513 758 1,076 Public and publicly guaranteed 115 114 120 172 163 62 67 78 Official creditors 96 93 111 166 157 55 60 70 Multilateral 53 48 83 137 60 36 39 43 of which: IBRD 29 23 24 78 30 11 11 12 IDA 3 4 4 4 4 4 4 4 Bilateral 44 45 28 30 97 20 21 27 Private creditors 19 21 9 6 6 7 7 8 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 15 4 0 0 0 0 0 Private nonguaranteed 80 69 150 775 769 451 691 997 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 85 54 46 55 40 28 50 104 Public and publicly guaranteed 54 38 38 39 32 21 16 19 Official creditors 50 36 37 38 31 20 16 19 Multilateral 31 22 26 28 20 13 9 9 of which: IBRD 15 10 13 15 9 4 1 1 IDA 1 1 1 1 1 1 1 1 Bilateral 18 14 11 10 11 7 7 10 Private creditors 5 2 1 1 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 3 1 0 0 0 0 0 0 Private nonguaranteed 31 16 8 16 8 7 33 85 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -353 97 -53 -395 -12 343 4,187 6,496 Net flows on external debt 30 214 -68 -408 -63 115 2,666 6,690 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 116 76 77 80 85 92 99 94 Interest 22 22 22 22 21 20 19 17 Private creditors Principal 1,874 1,289 1,160 1,396 1,203 1,673 877 876 Interest 130 150 162 157 135 122 98 89 Notes: Long-term private nonguaranteed debt data for 2011 include a huge outstanding loan about $8.6 billion. 229 PARAGUAY (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 3,135 3,249 3,443 3,591 4,182 4,134 5,076 6,011 Long-term external debt 2,537 2,716 2,712 2,767 3,015 3,233 3,782 3,972 Public and publicly guaranteed 2,087 2,266 2,235 2,195 2,263 2,261 2,361 2,308 Private nonguaranteed 450 450 477 572 751 972 1,421 1,664 Use of IMF credit 18 20 21 22 21 149 147 146 Short-term external debt 580 513 711 803 1,146 752 1,147 1,893 interest arrears on long-term 11 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 55 8 8 8 7 7 7 7 Long-term public sector debt 2,087 2,266 2,235 2,195 2,263 2,261 2,361 2,308 Long-term private sector debt 450 450 477 572 751 972 1,421 1,664 Public & publicly guaranteed commitments 125 99 530 43 171 411 279 258 External debt flows Disbursements 192 210 244 206 376 489 826 612 Long-term external debt 192 210 244 206 376 489 826 612 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 207 332 269 258 296 308 313 292 Long-term external debt 207 332 269 258 296 308 313 292 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -187 -275 174 39 423 -213 907 1,067 Long-term external debt -14 -122 -24 -53 80 181 512 321 Short-term external debt -173 -153 198 92 343 -394 395 746 Interest payments 149 145 153 166 165 134 144 164 Long-term external debt 116 115 121 135 136 122 131 145 IMF charges 1 1 1 1 0 0 0 0 Short-term external debt 33 29 31 30 29 12 12 19 2. Other non-debt resource inflows Foreign direct investment 104 25 247 109 331 186 475 412 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.6 2.6 2.8 2.8 2.6 1.7 1.5 Japanese yen 14.8 13.4 13.7 14.0 18.6 19.3 19.3 19.0 Pound sterling 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 59.2 68.4 68.7 68.8 66.1 67.5 70.3 72.6 4. Average terms of new commitments Official creditors Interest (%) 6.4 4.5 3.9 5.3 3.6 2.8 1.9 0.7 Maturity (years) 21.8 16.4 29.4 23.0 27.5 25.7 20.2 23.7 Grace period (years) 3.0 4.7 8.0 9.9 6.1 6.5 3.6 5.2 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 7,094 7,415 9,184 12,067 16,646 13,931 17,962 23,388 Exports of goods, services & prim. income 3,185 4,202 5,473 6,859 9,305 7,620 10,274 12,698 Personal transfers & comp. of employees 278 269 463 484 588 619 664 893 Imports of goods, services & prim. income 3,524 4,410 5,772 7,048 10,038 8,072 11,485 13,669 Primary income on FDI 84 158 271 365 505 555 760 647 Current account balance -163 16 128 184 -319 68 -654 -270 International reserves 763 1,297 1,702 2,461 2,845 3,839 4,137 4,950 6. Ratios External debt stocks to exports (%) 98.4 77.3 62.9 52.4 44.9 54.3 49.4 47.3 External debt stocks to GNI (%) 44.2 43.8 37.5 29.8 25.1 29.7 28.3 25.7 Debt service to exports (%) 11.2 11.3 7.7 6.2 5.0 5.8 4.5 3.6 Short-term to external debt stocks (%) 18.5 15.8 20.6 22.4 27.4 18.2 22.6 31.5 Multilateral to external debt stocks (%) 37.3 38.9 37.4 36.1 31.0 32.7 29.5 25.1 Reserves to external debt stocks (%) 24.3 39.9 49.4 68.5 68.0 92.8 81.5 82.4 Reserves to imports (months) 2.6 3.5 3.5 4.2 3.4 5.7 4.3 4.3 230 PARAGUAY (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,537 2,716 2,712 2,767 3,015 3,233 3,782 3,972 Public and publicly guaranteed 2,087 2,266 2,235 2,195 2,263 2,261 2,361 2,308 Official creditors 1,639 1,845 1,854 1,843 1,940 1,979 2,094 2,067 Multilateral 1,170 1,262 1,288 1,298 1,296 1,354 1,497 1,511 of which: IBRD 201 223 234 227 214 281 257 245 IDA 28 21 19 18 16 15 13 12 Bilateral 469 583 566 545 644 625 597 557 Private creditors 449 421 381 352 323 282 267 240 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 424 403 374 345 316 275 260 233 Private nonguaranteed 450 450 477 572 751 972 1,421 1,664 of which: Bonds 0 0 0 0 0 0 0 100 Disbursements 192 210 244 206 376 489 826 612 Public and publicly guaranteed 192 144 154 111 196 248 303 163 Official creditors 192 141 154 111 196 248 303 163 Multilateral 167 75 111 101 108 181 290 160 of which: IBRD 47 17 32 13 9 101 8 23 IDA 0 0 0 0 0 0 0 0 Bilateral 26 66 44 10 89 67 13 3 Private creditors 0 3 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 3 0 0 0 0 0 0 Private nonguaranteed 0 66 90 95 180 241 523 449 of which: Bonds 0 0 0 0 0 0 0 100 Principal repayments 207 332 269 258 296 308 313 292 Public and publicly guaranteed 114 205 209 206 237 262 239 236 Official creditors 107 176 169 177 208 221 224 210 Multilateral 63 108 105 127 140 141 148 146 of which: IBRD 19 25 26 27 30 33 33 36 IDA 1 1 1 1 1 1 1 1 Bilateral 43 68 64 50 68 80 76 64 Private creditors 7 29 40 29 29 41 15 27 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 18 30 29 29 41 15 27 Private nonguaranteed 93 126 60 52 59 46 75 55 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 116 115 121 135 136 122 131 145 Public and publicly guaranteed 100 94 97 104 96 97 65 65 Official creditors 70 77 75 80 78 83 63 61 Multilateral 52 53 53 57 57 48 47 46 of which: IBRD 11 10 12 13 13 7 6 5 IDA 0 0 0 0 0 0 0 0 Bilateral 18 24 22 23 21 35 16 16 Private creditors 30 17 22 24 18 14 2 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 29 16 21 24 18 14 2 4 Private nonguaranteed 16 21 24 31 40 25 66 79 of which: Bonds 0 0 0 0 0 0 0 5 8. Debt stock-flow reconciliation Total change in external debt stocks -296 -380 195 148 590 -47 941 935 Net flows on external debt -187 -275 174 39 423 -213 907 1,067 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 2 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 217 182 167 188 194 194 192 187 Interest 55 50 47 45 41 38 34 30 Private creditors Principal 448 332 295 188 252 121 106 91 Interest 98 76 58 45 31 19 14 9 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates. 231 PERU (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 28,813 29,508 29,294 32,239 34,720 37,337 41,816 44,872 Long-term external debt 24,208 26,109 26,125 26,761 29,159 31,649 34,822 37,751 Public and publicly guaranteed 19,270 22,537 22,185 19,854 19,415 20,788 20,009 20,142 Private nonguaranteed 4,938 3,572 3,940 6,907 9,744 10,862 14,813 17,608 Use of IMF credit 677 188 158 144 141 956 939 936 Short-term external debt 3,928 3,212 3,012 5,334 5,420 4,731 6,055 6,185 interest arrears on long-term 14 4 17 17 22 1 1 0 Memorandum items Principal arrears on long-term 29 2 33 8 10 1 1 0 Long-term public sector debt 18,061 21,685 21,406 19,080 18,742 20,225 19,563 19,824 Long-term private sector debt 6,146 4,424 4,718 7,681 10,416 11,425 15,258 17,927 Public & publicly guaranteed commitments 1,263 2,191 704 3,018 1,343 4,036 4,113 812 External debt flows Disbursements 2,066 3,721 2,002 7,149 4,630 4,772 8,296 3,384 Long-term external debt 2,066 3,721 2,002 7,149 4,630 4,772 8,296 3,384 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,145 4,228 1,566 6,767 3,265 2,221 4,060 1,395 Long-term external debt 1,003 4,189 1,527 6,747 3,265 2,221 4,060 1,395 IMF repurchases 141 40 39 20 0 0 0 0 Net flows 283 -46 223 2,704 1,447 1,882 5,560 2,119 Long-term external debt 1,063 -468 475 402 1,366 2,550 4,236 1,988 Short-term external debt -638 461 -213 2,322 81 -668 1,324 131 Interest payments 1,439 1,843 2,003 2,291 1,998 2,144 2,729 1,915 Long-term external debt 1,174 1,718 1,849 2,110 1,808 1,976 2,550 1,788 IMF charges 38 7 8 5 1 2 3 1 Short-term external debt 227 118 146 176 189 166 176 126 2. Other non-debt resource inflows Foreign direct investment 810 2,579 3,467 5,491 6,924 6,431 8,455 8,233 Portfolio equity 123 769 -45 70 85 47 87 147 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.0 7.7 8.2 11.1 7.2 4.4 4.7 Japanese yen 13.7 9.1 8.9 10.2 13.5 11.9 9.7 9.6 Pound sterling 0.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 73.5 80.4 80.2 78.7 72.6 77.9 83.6 84.0 4. Average terms of new commitments Official creditors Interest (%) 5.8 5.0 5.2 5.5 3.2 1.3 1.8 1.8 Maturity (years) 22.0 16.4 17.2 16.6 18.7 19.5 15.7 15.0 Grace period (years) 5.0 7.0 6.5 5.6 7.1 9.4 6.1 5.6 Private creditors Interest (%) 9.0 7.7 0.0 7.5 0.0 7.2 7.4 0.0 Maturity (years) 5.0 22.0 0.0 21.8 0.0 13.0 30.8 0.0 Grace period (years) 0.1 22.0 0.0 20.6 0.0 13.0 30.8 0.0 5. Major economic aggregates Gross national income (GNI) 51,878 74,970 89,602 104,970 121,408 122,145 151,003 173,900 Exports of goods, services & prim. income 9,247 20,006 27,175 32,511 36,144 31,801 39,986 51,046 Personal transfers & comp. of employees 718 1,440 1,837 2,131 2,444 2,409 2,534 2,697 Imports of goods, services & prim. income 11,794 20,631 26,488 33,558 44,404 35,411 46,794 57,586 Primary income on FDI 344 4,030 6,741 7,788 8,346 8,172 10,714 12,866 Current account balance -1,546 1,148 2,872 1,460 -5,318 -723 -3,782 -3,341 International reserves 8,374 13,599 16,733 26,856 30,271 32,013 42,648 47,206 6. Ratios External debt stocks to exports (%) 311.6 147.5 107.8 99.2 96.1 117.4 104.6 87.9 External debt stocks to GNI (%) 55.5 39.4 32.7 30.7 28.6 30.6 27.7 25.8 Debt service to exports (%) 27.9 30.3 13.1 27.9 14.6 13.7 17.0 6.5 Short-term to external debt stocks (%) 13.6 10.9 10.3 16.5 15.6 12.7 14.5 13.8 Multilateral to external debt stocks (%) 19.3 26.8 26.7 24.6 23.1 22.5 18.8 17.8 Reserves to external debt stocks (%) 29.1 46.1 57.1 83.3 87.2 85.7 102.0 105.2 Reserves to imports (months) 8.5 7.9 7.6 9.6 8.2 10.8 10.9 9.8 232 PERU (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 24,208 26,109 26,125 26,761 29,159 31,649 34,822 37,751 Public and publicly guaranteed 19,270 22,537 22,185 19,854 19,415 20,788 20,009 20,142 Official creditors 14,439 13,830 13,503 11,315 12,358 11,727 10,555 10,721 Multilateral 5,573 7,910 7,834 7,944 8,008 8,395 7,870 7,977 of which: IBRD 2,590 2,816 2,633 2,649 2,712 2,846 2,965 2,733 IDA 0 0 0 0 0 0 0 0 Bilateral 8,866 5,920 5,669 3,371 4,350 3,332 2,685 2,743 Private creditors 4,830 8,706 8,682 8,539 7,056 9,061 9,454 9,422 of which: Bonds 3,727 8,390 8,390 8,270 6,879 8,911 9,311 9,299 Commercial banks 110 86 77 68 170 145 138 121 Private nonguaranteed 4,938 3,572 3,940 6,907 9,744 10,862 14,813 17,608 of which: Bonds 150 1,230 2,522 3,749 3,599 4,428 7,298 9,003 Disbursements 2,066 3,721 2,002 7,149 4,630 4,772 8,296 3,384 Public and publicly guaranteed 1,489 2,635 638 3,299 1,165 3,232 3,862 1,001 Official creditors 1,454 985 638 1,180 1,165 1,232 1,601 1,001 Multilateral 811 799 509 1,038 991 1,040 1,344 662 of which: IBRD 266 192 36 256 294 379 377 47 IDA 0 0 0 0 0 0 0 0 Bilateral 643 187 129 143 174 192 257 339 Private creditors 35 1,650 0 2,119 0 2,000 2,261 0 of which: Bonds 0 1,650 0 2,119 0 2,000 2,261 0 Commercial banks 34 0 0 0 0 0 0 0 Private nonguaranteed 577 1,086 1,364 3,849 3,466 1,539 4,434 2,382 of which: Bonds 0 1,080 1,292 1,227 0 878 2,871 1,705 Principal repayments 1,003 4,189 1,527 6,747 3,265 2,221 4,060 1,395 Public and publicly guaranteed 986 3,033 1,145 5,865 2,618 1,833 3,490 886 Official creditors 840 2,918 1,032 3,498 1,255 1,808 2,971 861 Multilateral 503 558 605 952 959 654 1,872 565 of which: IBRD 93 210 219 241 230 245 258 279 IDA 0 0 0 0 0 0 0 0 Bilateral 338 2,361 427 2,547 296 1,154 1,099 296 Private creditors 146 114 113 2,366 1,363 25 518 25 of which: Bonds 0 90 90 2,343 1,338 0 497 0 Commercial banks 130 11 9 9 23 23 21 22 Private nonguaranteed 17 1,156 381 882 647 389 570 509 of which: Bonds 0 0 0 0 150 50 0 0 Interest payments 1,174 1,718 1,849 2,110 1,808 1,976 2,550 1,788 Public and publicly guaranteed 1,105 1,403 1,389 1,512 1,185 1,084 1,096 1,000 Official creditors 917 807 725 818 572 452 346 287 Multilateral 384 354 434 484 409 314 252 215 of which: IBRD 189 105 137 150 136 107 62 61 IDA 0 0 0 0 0 0 0 0 Bilateral 533 453 290 335 163 137 94 73 Private creditors 188 596 665 694 613 632 750 713 of which: Bonds 179 568 637 669 603 623 742 705 Commercial banks 5 7 8 7 10 9 8 8 Private nonguaranteed 69 314 460 598 623 892 1,454 788 of which: Bonds 11 56 136 250 213 223 284 463 8. Debt stock-flow reconciliation Total change in external debt stocks -527 -2,224 -214 2,945 2,481 2,617 4,479 3,056 Net flows on external debt 283 -46 223 2,704 1,447 1,882 5,560 2,119 9. Debt restructurings Total amount rescheduled 1 21 0 0 0 0 0 0 Total amount forgiven 0 66 27 61 56 32 1,395 52 Debt buyback 0 0 0 2,343 838 0 497 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,086 1,047 1,013 976 1,035 917 742 592 Interest 239 214 192 177 154 130 113 99 Private creditors Principal 2,769 1,896 1,900 1,379 2,384 1,568 1,915 1,657 Interest 1,593 1,489 1,385 1,290 1,158 1,073 1,000 895 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates based on reports provided by the country. Data for 2007 include Bond prepayment and prepayment to Paris Club creditors. 233 PHILIPPINES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 58,456 61,824 60,577 66,214 65,174 64,414 73,720 76,043 Long-term external debt 50,777 54,874 55,393 58,945 57,994 59,099 66,135 67,744 Public and publicly guaranteed 33,744 35,364 36,871 38,079 39,197 41,928 44,733 45,738 Private nonguaranteed 17,033 19,510 18,522 20,867 18,797 17,171 21,402 22,006 Use of IMF credit 2,183 555 175 184 180 1,314 1,290 1,287 Short-term external debt 5,495 6,395 5,009 7,084 7,001 4,002 6,295 7,013 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 1 1 2 0 1 0 0 0 Long-term public sector debt 33,674 35,295 36,805 38,013 39,121 41,857 44,658 45,664 Long-term private sector debt 17,103 19,579 18,588 20,932 18,873 17,242 21,477 22,080 Public & publicly guaranteed commitments 5,353 3,776 4,124 2,521 3,442 7,787 8,932 2,848 External debt flows Disbursements 6,060 6,525 8,902 8,876 5,174 9,837 15,634 9,050 Long-term external debt 5,747 6,525 8,902 8,876 5,174 9,837 15,634 9,050 IMF purchases 313 0 0 0 0 0 0 0 Principal repayments 4,055 6,403 9,800 6,340 8,219 6,378 9,524 7,299 Long-term external debt 4,047 6,085 9,399 6,340 8,219 6,378 9,524 7,299 IMF repurchases 8 317 400 0 0 0 0 0 Net flows 2,551 1,472 -2,284 4,611 -3,128 460 8,403 2,469 Long-term external debt 1,700 440 -498 2,536 -3,045 3,459 6,110 1,751 Short-term external debt 546 1,349 -1,386 2,075 -83 -2,999 2,293 718 Interest payments 3,011 3,564 3,906 3,803 3,982 3,504 3,351 3,613 Long-term external debt 2,469 3,254 3,521 3,450 3,697 3,431 3,324 3,592 IMF charges 100 25 22 8 1 3 4 1 Short-term external debt 442 286 363 345 284 70 23 20 2. Other non-debt resource inflows Foreign direct investment 2,240 1,664 2,707 3,245 1,436 2,712 1,635 1,869 Portfolio equity -202 1,465 2,525 3,178 -1,289 -1,096 503 1,038 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.5 5.7 5.9 5.1 5.1 3.7 3.5 Japanese yen 38.2 34.7 32.5 33.2 38.4 33.7 35.9 33.7 Pound sterling 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1 U.S.dollars 42.2 49.5 53.0 52.9 49.7 55.8 56.1 59.3 4. Average terms of new commitments Official creditors Interest (%) 3.3 3.1 5.3 4.4 2.4 1.2 1.0 0.9 Maturity (years) 28.1 19.8 17.2 21.3 22.6 20.1 24.4 23.0 Grace period (years) 7.3 5.4 5.1 6.5 6.5 6.4 7.7 9.1 Private creditors Interest (%) 8.3 7.6 7.9 6.4 4.2 7.1 4.5 5.5 Maturity (years) 11.4 10.8 18.7 24.6 15.9 13.8 13.9 14.4 Grace period (years) 10.8 10.2 18.6 24.5 10.8 13.4 13.4 14.4 5. Major economic aggregates Gross national income (GNI) 80,996 102,768 120,950 148,461 173,708 168,141 199,902 226,046 Exports of goods, services & prim. income 44,060 37,031 45,525 51,227 52,392 47,317 59,105 62,067 Personal transfers & comp. of employees 6,961 13,561 15,239 16,285 18,628 19,726 21,369 22,973 Imports of goods, services & prim. income 51,931 46,442 53,381 58,268 64,012 54,238 66,831 72,631 Primary income on FDI 230 1,391 2,015 2,133 1,675 2,150 2,125 2,137 Current account balance -2,228 1,980 5,341 7,112 3,627 9,358 8,922 7,078 International reserves 13,090 15,926 20,025 30,211 33,193 38,783 55,363 67,290 6. Ratios External debt stocks to exports (%) 132.7 167.0 133.1 129.3 124.4 136.1 124.7 122.5 External debt stocks to GNI (%) 72.2 60.2 50.1 44.6 37.5 38.3 36.9 33.6 Debt service to exports (%) 16.0 26.9 30.1 19.8 23.3 20.9 21.8 17.6 Short-term to external debt stocks (%) 9.4 10.3 8.3 10.7 10.7 6.2 8.5 9.2 Multilateral to external debt stocks (%) 12.3 10.7 11.3 10.9 11.4 13.1 11.4 11.9 Reserves to external debt stocks (%) 22.4 25.8 33.1 45.6 50.9 60.2 75.1 88.5 Reserves to imports (months) 3.0 4.1 4.5 6.2 6.2 8.6 9.9 11.1 234 PHILIPPINES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 50,777 54,874 55,393 58,945 57,994 59,099 66,135 67,744 Public and publicly guaranteed 33,744 35,364 36,871 38,079 39,197 41,928 44,733 45,738 Official creditors 19,890 18,580 18,613 19,576 21,601 22,059 23,215 23,575 Multilateral 7,207 6,620 6,874 7,219 7,414 8,449 8,372 9,055 of which: IBRD 3,627 2,885 2,690 2,726 2,533 2,488 2,567 3,278 IDA 207 197 196 195 187 181 171 163 Bilateral 12,683 11,960 11,739 12,357 14,186 13,610 14,843 14,520 Private creditors 13,855 16,784 18,258 18,503 17,596 19,870 21,518 22,162 of which: Bonds 10,466 14,290 16,386 16,904 16,144 18,627 20,221 20,930 Commercial banks 2,482 1,413 813 636 662 886 994 1,012 Private nonguaranteed 17,033 19,510 18,522 20,867 18,797 17,171 21,402 22,006 of which: Bonds 2,856 2,975 2,476 1,993 1,314 956 1,651 1,579 Disbursements 5,747 6,525 8,902 8,876 5,174 9,837 15,634 9,050 Public and publicly guaranteed 5,228 3,874 7,878 2,767 2,130 8,127 8,252 4,912 Official creditors 1,528 1,144 1,905 1,655 1,454 2,352 1,370 1,669 Multilateral 386 381 974 808 860 1,703 491 1,256 of which: IBRD 152 129 132 372 192 361 438 968 IDA 10 0 0 0 0 0 0 0 Bilateral 1,142 763 931 847 594 648 879 413 Private creditors 3,701 2,730 5,973 1,112 677 5,776 6,882 3,242 of which: Bonds 2,630 2,384 5,756 1,048 576 5,510 6,680 3,115 Commercial banks 997 221 165 36 100 264 201 127 Private nonguaranteed 519 2,651 1,024 6,109 3,044 1,710 7,382 4,139 of which: Bonds 5 250 0 0 0 0 1,012 0 Principal repayments 4,047 6,085 9,399 6,340 8,219 6,378 9,524 7,299 Public and publicly guaranteed 2,515 3,353 5,742 2,547 3,592 3,841 6,813 4,819 Official creditors 1,572 1,788 1,921 1,667 2,322 1,722 1,818 1,960 Multilateral 562 644 790 625 972 651 671 629 of which: IBRD 349 376 383 403 471 394 379 269 IDA 3 7 7 7 7 7 7 8 Bilateral 1,009 1,143 1,131 1,041 1,349 1,070 1,147 1,331 Private creditors 943 1,566 3,820 881 1,270 2,120 4,996 2,859 of which: Bonds 395 1,209 2,911 462 844 1,644 4,807 2,651 Commercial banks 474 265 831 252 94 53 108 118 Private nonguaranteed 1,533 2,732 3,658 3,792 4,627 2,537 2,711 2,480 of which: Bonds 445 333 604 558 572 339 174 158 Interest payments 2,469 3,254 3,521 3,450 3,697 3,431 3,324 3,592 Public and publicly guaranteed 1,882 2,409 2,736 2,527 2,865 2,841 2,977 2,837 Official creditors 841 584 583 614 612 542 498 478 Multilateral 414 258 280 333 310 248 196 182 of which: IBRD 223 124 141 160 143 112 81 75 IDA 2 2 1 1 1 1 1 1 Bilateral 427 326 303 280 301 294 301 295 Private creditors 1,041 1,825 2,153 1,913 2,253 2,299 2,479 2,359 of which: Bonds 880 1,725 2,033 1,841 2,198 2,257 2,441 2,321 Commercial banks 130 70 92 34 27 26 26 33 Private nonguaranteed 586 845 785 923 832 590 347 755 of which: Bonds 479 283 255 140 103 88 25 147 8. Debt stock-flow reconciliation Total change in external debt stocks -25 676 -1,247 5,637 -1,039 -760 9,306 2,323 Net flows on external debt 2,551 1,472 -2,284 4,611 -3,128 460 8,403 2,469 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 2,098 2,257 2,047 1,722 1,672 1,618 1,614 1,556 Interest 464 427 390 358 327 296 264 234 Private creditors Principal 2,700 3,092 3,421 3,081 4,832 3,539 2,535 4,387 Interest 1,936 1,902 1,802 1,697 1,579 1,367 1,286 1,175 Notes: Long-term private nonguaranteed debt data include unregistered debt, intercompany debt, and capital leases. 235 ROMANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 11,259 38,884 53,981 84,381 102,539 120,092 124,358 129,822 Long-term external debt 9,945 31,102 37,196 54,935 73,761 86,545 81,627 82,331 Public and publicly guaranteed 6,583 13,330 14,184 15,299 15,256 18,248 20,801 24,870 Private nonguaranteed 3,362 17,773 23,012 39,636 58,505 68,297 60,826 57,462 Use of IMF credit 552 369 218 120 117 11,088 16,609 17,738 Short-term external debt 763 7,413 16,567 29,326 28,660 22,459 26,122 29,752 interest arrears on long-term 12 13 6 6 2 1 1 1 Memorandum items Principal arrears on long-term 16 37 260 256 237 1 38 38 Long-term public sector debt 6,440 12,962 13,820 14,932 15,011 18,005 20,131 24,228 Long-term private sector debt 3,505 18,140 23,376 40,003 58,751 68,539 61,496 58,103 Public & publicly guaranteed commitments 2,864 2,897 2,721 1,254 3,407 8,510 1,981 3,954 External debt flows Disbursements 3,259 12,909 11,216 21,016 32,747 32,661 23,099 19,102 Long-term external debt 3,144 12,909 11,216 21,016 32,747 23,271 17,435 17,887 IMF purchases 114 0 0 0 0 9,391 5,664 1,214 Principal repayments 1,802 5,322 6,465 8,345 14,475 13,169 15,784 15,733 Long-term external debt 1,706 5,170 6,298 8,239 14,475 13,169 15,784 15,733 IMF repurchases 96 152 167 105 0 0 0 0 Net flows 1,843 10,619 13,911 25,431 17,611 13,292 10,979 6,999 Long-term external debt 1,439 7,739 4,918 12,777 18,272 10,101 1,651 2,155 Short-term external debt 386 3,032 9,161 12,760 -662 -6,200 3,663 3,630 Interest payments 703 1,589 2,178 3,252 3,630 3,175 2,802 3,363 Long-term external debt 632 1,247 1,402 1,961 2,926 2,775 2,180 2,460 IMF charges 28 16 14 7 1 80 306 469 Short-term external debt 42 326 762 1,284 703 320 316 435 2. Other non-debt resource inflows Foreign direct investment 1,037 6,866 11,451 10,290 13,849 4,926 3,204 3,044 Portfolio equity 58 229 301 746 23 7 4 -37 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 58.9 64.0 68.8 70.7 77.6 81.5 86.1 Japanese yen 5.3 3.2 3.5 3.4 4.4 3.5 3.8 3.4 Pound sterling 0.0 1.3 1.1 0.7 0.3 0.1 0.0 0.0 Swiss franc 0.9 0.7 0.6 0.5 0.4 0.2 0.1 0.0 U.S.dollars 42.5 26.9 22.8 18.8 17.0 13.1 10.4 7.6 4. Average terms of new commitments Official creditors Interest (%) 5.9 2.1 3.6 4.7 4.0 2.9 1.9 1.8 Maturity (years) 17.1 23.0 19.1 19.9 14.4 11.6 22.8 12.4 Grace period (years) 4.2 6.4 5.3 5.9 12.7 5.6 6.3 10.8 Private creditors Interest (%) 9.1 3.8 4.2 5.1 6.4 4.8 5.0 5.2 Maturity (years) 5.8 10.0 11.2 13.6 10.8 9.2 5.3 5.1 Grace period (years) 2.5 7.8 3.8 3.6 9.0 3.5 4.9 5.0 5. Major economic aggregates Gross national income (GNI) 36,768 98,008 119,825 169,088 199,261 164,073 159,032 179,538 Exports of goods, services & prim. income 12,438 25,693 32,240 46,509 59,740 47,150 54,886 69,429 Personal transfers & comp. of employees 96 4,708 6,673 8,461 9,285 4,881 3,879 3,749 Imports of goods, services & prim. income 14,653 38,645 51,150 76,207 92,343 59,813 66,927 82,869 Primary income on FDI 72 2,926 4,164 5,988 4,362 1,212 717 1,068 Current account balance -1,355 -8,504 -12,785 -23,080 -23,719 -6,955 -7,284 -8,541 International reserves 2,470 19,872 28,066 37,194 36,868 40,757 43,361 42,939 6. Ratios External debt stocks to exports (%) 90.5 151.3 167.4 181.4 171.6 254.7 226.6 187.0 External debt stocks to GNI (%) 30.6 39.7 45.0 49.9 51.5 73.2 78.2 72.3 Debt service to exports (%) 20.1 26.9 26.8 24.9 30.3 34.7 33.9 27.5 Short-term to external debt stocks (%) 6.8 19.1 30.7 34.8 28.0 18.7 21.0 22.9 Multilateral to external debt stocks (%) 29.9 14.4 11.3 8.0 7.1 8.9 10.8 12.3 Reserves to external debt stocks (%) 21.9 51.1 52.0 44.1 36.0 33.9 34.9 33.1 Reserves to imports (months) 2.0 6.2 6.6 5.9 4.8 8.2 7.8 6.2 236 ROMANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 9,945 31,102 37,196 54,935 73,761 86,545 81,627 82,331 Public and publicly guaranteed 6,583 13,330 14,184 15,299 15,256 18,248 20,801 24,870 Official creditors 4,149 6,152 6,674 7,315 8,042 11,321 14,280 16,888 Multilateral 3,364 5,602 6,092 6,723 7,331 10,630 13,420 15,985 of which: IBRD 1,898 2,448 2,481 2,604 2,572 2,995 2,830 3,528 IDA 0 0 0 0 0 0 0 0 Bilateral 785 550 583 592 710 692 860 903 Private creditors 2,434 7,177 7,510 7,984 7,214 6,927 6,520 7,982 of which: Bonds 736 2,123 2,371 2,650 2,714 2,809 3,006 4,852 Commercial banks 1,157 4,874 5,000 5,199 4,410 4,057 3,455 3,082 Private nonguaranteed 3,362 17,773 23,012 39,636 58,505 68,297 60,826 57,462 of which: Bonds 0 0 0 0 0 0 0 83 Disbursements 3,144 12,909 11,216 21,016 32,747 23,271 17,435 17,887 Public and publicly guaranteed 1,937 2,637 1,315 1,371 3,059 3,938 5,623 6,218 Official creditors 1,083 1,016 678 731 1,543 3,735 4,128 3,921 Multilateral 932 891 554 672 1,465 3,686 4,006 3,827 of which: IBRD 384 282 140 232 239 703 187 1,082 IDA 0 0 0 0 0 0 0 0 Bilateral 151 125 124 60 77 48 122 94 Private creditors 854 1,621 637 640 1,516 204 1,495 2,297 of which: Bonds 139 623 0 0 1,104 0 1,327 2,087 Commercial banks 674 958 620 614 407 204 151 210 Private nonguaranteed 1,207 10,272 9,901 19,645 29,688 19,332 11,812 11,670 of which: Bonds 0 0 0 0 0 0 0 83 Principal repayments 1,706 5,170 6,298 8,239 14,475 13,169 15,784 15,733 Public and publicly guaranteed 984 1,697 1,436 1,469 2,543 1,423 2,150 1,279 Official creditors 493 590 556 585 685 671 668 769 Multilateral 326 376 450 508 626 609 631 680 of which: IBRD 91 205 195 211 288 261 262 293 IDA 0 0 0 0 0 0 0 0 Bilateral 168 213 106 77 60 63 37 89 Private creditors 491 1,107 880 884 1,858 752 1,482 510 of which: Bonds 0 374 0 0 883 0 929 0 Commercial banks 328 646 813 844 927 682 537 499 Private nonguaranteed 721 3,473 4,862 6,770 11,932 11,746 13,633 14,454 of which: Bonds 75 0 0 0 0 0 0 0 Interest payments 632 1,247 1,402 1,961 2,926 2,775 2,180 2,460 Public and publicly guaranteed 439 672 707 805 901 741 617 756 Official creditors 269 229 272 316 347 328 297 424 Multilateral 207 206 252 299 331 311 280 405 of which: IBRD 104 88 111 132 130 95 51 57 IDA 0 0 0 0 0 0 0 0 Bilateral 62 23 20 17 17 17 17 19 Private creditors 171 443 435 489 553 413 320 332 of which: Bonds 45 184 131 171 199 156 156 172 Commercial banks 76 248 295 314 349 249 162 159 Private nonguaranteed 193 575 696 1,156 2,025 2,034 1,563 1,703 of which: Bonds 7 0 0 0 0 0 0 3 8. Debt stock-flow reconciliation Total change in external debt stocks 2,148 9,193 15,097 30,400 18,158 17,553 4,267 5,464 Net flows on external debt 1,843 10,619 13,911 25,431 17,611 13,292 10,979 6,999 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 19 0 0 0 5 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 876 953 1,555 2,464 1,979 1,994 1,810 1,751 Interest 475 487 485 439 386 334 280 232 Private creditors Principal 7,849 6,872 6,763 8,597 8,614 6,547 7,489 6,464 Interest 1,409 1,242 1,114 986 772 546 427 245 Notes: Short-term debt is based on Central Bank data. 237 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 146,547 249,821 308,815 471,182 493,928 479,036 510,152 542,977 Long-term external debt 111,914 214,584 259,681 361,956 410,984 417,048 441,154 464,333 Public and publicly guaranteed 90,152 95,226 130,315 151,051 151,075 197,370 183,184 192,220 Private nonguaranteed 21,762 119,358 129,367 210,905 259,910 219,678 257,970 272,113 Use of IMF credit 19,002 8,107 8,533 8,963 8,736 8,892 8,735 8,708 Short-term external debt 15,630 27,131 40,601 100,263 74,208 53,096 60,263 69,936 interest arrears on long-term 4,530 3,151 747 606 655 427 56 52 Memorandum items Principal arrears on long-term 7,368 2,064 506 39 115 0 0 0 Long-term public sector debt 90,152 95,226 130,315 151,051 151,075 197,370 183,184 192,220 Long-term private sector debt 21,762 119,358 129,367 210,905 259,910 219,678 257,970 272,113 Public & publicly guaranteed commitments 76 21,270 15,541 33,983 22,419 23,209 32,735 36,988 External debt flows Disbursements 1,386 48,438 49,862 76,335 89,916 39,826 53,752 79,345 Long-term external debt 1,386 48,438 49,862 76,335 89,916 39,826 53,752 79,345 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 6,220 32,497 40,365 28,920 48,531 51,181 42,525 52,396 Long-term external debt 3,332 29,108 40,365 28,920 48,531 51,181 42,525 52,396 IMF repurchases 2,888 3,389 0 0 0 0 0 0 Net flows -2,833 16,575 25,371 107,217 15,281 -32,238 18,764 36,626 Long-term external debt -1,945 19,330 9,497 47,415 41,385 -11,354 11,227 26,949 Short-term external debt 2,000 634 15,874 59,803 -26,104 -20,883 7,538 9,677 Interest payments 5,404 8,132 10,527 13,311 16,678 12,627 14,043 11,904 Long-term external debt 3,759 7,002 8,896 10,650 14,749 12,068 13,592 11,291 IMF charges 1,015 281 340 297 74 20 28 10 Short-term external debt 630 850 1,291 2,364 1,855 539 423 603 2. Other non-debt resource inflows Foreign direct investment 2,714 12,886 29,701 55,073 75,002 36,500 43,288 52,878 Portfolio equity 150 -100 6,480 18,675 -15,005 3,369 -4,808 -9,707 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 9.6 2.6 2.4 3.2 2.7 2.7 1.0 Japanese yen 1.0 1.0 0.7 0.5 0.5 0.3 0.3 0.2 Pound sterling 0.2 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 0.2 0.2 U.S.dollars 65.0 84.5 93.2 94.5 94.0 95.5 95.5 97.7 4. Average terms of new commitments Official creditors Interest (%) 7.3 4.4 0.0 3.5 0.0 0.6 6.9 1.1 Maturity (years) 16.8 17.3 6.3 11.1 0.0 13.3 23.1 14.9 Grace period (years) 5.3 4.8 3.3 3.3 0.0 3.8 14.4 5.3 Private creditors Interest (%) 7.1 4.8 6.3 5.8 4.1 4.1 4.1 4.1 Maturity (years) 9.1 13.8 6.4 5.2 12.5 22.7 16.3 15.7 Grace period (years) 2.1 1.5 2.7 2.1 1.0 1.2 3.2 3.3 5. Major economic aggregates Gross national income (GNI) 252,972 744,977 960,335 1,268,989 1,626,045 1,182,452 1,431,124 1,743,703 Exports of goods, services & prim. income 119,350 283,165 360,620 436,655 578,928 375,181 479,084 613,408 Personal transfers & comp. of employees 1,275 2,429 2,665 3,464 4,594 4,101 4,382 4,951 Imports of goods, services & prim. income 72,580 197,525 264,397 355,381 472,633 323,714 404,404 511,382 Primary income on FDI 887 19,483 34,601 43,195 62,290 37,472 48,643 60,453 Current account balance 46,839 84,602 94,686 77,768 103,530 48,605 71,080 98,834 International reserves 24,264 175,891 295,568 466,750 411,750 416,649 443,586 453,948 6. Ratios External debt stocks to exports (%) 122.8 88.2 85.6 107.9 85.3 127.7 106.5 88.5 External debt stocks to GNI (%) 57.9 33.5 32.2 37.1 30.4 40.5 35.6 31.1 Debt service to exports (%) 9.7 14.3 14.1 9.7 11.3 17.0 11.8 10.5 Short-term to external debt stocks (%) 10.7 10.9 13.1 21.3 15.0 11.1 11.8 12.9 Multilateral to external debt stocks (%) 4.8 2.3 1.8 1.1 0.9 0.8 0.6 0.4 Reserves to external debt stocks (%) 16.6 70.4 95.7 99.1 83.4 87.0 87.0 83.6 Reserves to imports (months) 4.0 10.7 13.4 15.8 10.5 15.4 13.2 10.7 238 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 111,914 214,584 259,681 361,956 410,984 417,048 441,154 464,333 Public and publicly guaranteed 90,152 95,226 130,315 151,051 151,075 197,370 183,184 192,220 Official creditors 70,840 34,718 11,216 9,675 8,395 7,333 7,592 5,201 Multilateral 7,029 5,622 5,447 5,096 4,476 3,723 3,042 2,426 of which: IBRD 6,844 5,091 4,759 4,292 3,851 3,211 2,618 2,067 IDA 0 0 0 0 0 0 0 0 Bilateral 63,811 29,096 5,769 4,579 3,919 3,609 4,550 2,775 Private creditors 19,312 60,508 119,099 141,376 142,679 190,037 175,592 187,019 of which: Bonds 15,543 29,005 28,025 23,992 21,237 21,873 26,392 31,280 Commercial banks 440 10,411 53,846 73,985 63,615 78,034 74,052 65,845 Private nonguaranteed 21,762 119,358 129,367 210,905 259,910 219,678 257,970 272,113 of which: Bonds 1,412 12,956 23,521 27,166 10,320 12,469 14,190 13,413 Disbursements 1,386 48,438 49,862 76,335 89,916 39,826 53,752 79,345 Public and publicly guaranteed 1,006 21,331 34,637 44,015 19,116 31,732 46,832 37,503 Official creditors 746 441 569 520 361 108 1,320 170 Multilateral 574 409 528 420 260 108 139 110 of which: IBRD 540 251 324 214 221 95 135 109 IDA 0 0 0 0 0 0 0 0 Bilateral 172 32 42 100 101 0 1,181 61 Private creditors 261 20,890 34,067 43,495 18,755 31,624 45,512 37,333 of which: Bonds 0 1,495 4,639 7,916 2,538 5,669 10,665 12,079 Commercial banks 0 10,050 20,874 25,848 7,611 6,273 18,970 7,679 Private nonguaranteed 380 27,107 15,225 32,320 70,800 8,094 6,920 41,842 of which: Bonds 75 7,226 12,040 5,329 0 3,395 2,601 6,380 Principal repayments 3,332 29,108 40,365 28,920 48,531 51,181 42,525 52,396 Public and publicly guaranteed 2,030 23,138 34,682 23,069 27,240 23,864 35,734 25,907 Official creditors 1,205 18,682 25,982 1,764 1,596 1,183 1,095 2,477 Multilateral 311 822 740 814 946 872 798 730 of which: IBRD 266 780 693 724 706 730 731 664 IDA 0 0 0 0 0 0 0 0 Bilateral 894 17,860 25,242 950 650 311 297 1,747 Private creditors 825 4,456 8,700 21,305 25,644 22,681 34,639 23,429 of which: Bonds 268 3,765 5,490 12,126 4,886 5,095 4,660 7,174 Commercial banks 19 23 2,923 5,752 17,941 10,522 22,903 13,422 Private nonguaranteed 1,302 5,971 5,683 5,852 21,291 27,317 6,791 26,489 of which: Bonds 825 822 1,475 1,684 16,846 1,247 880 7,157 Interest payments 3,759 7,002 8,896 10,650 14,749 12,068 13,592 11,291 Public and publicly guaranteed 2,682 4,520 4,164 4,430 4,844 4,561 4,774 3,702 Official creditors 1,227 2,339 1,734 453 332 182 62 96 Multilateral 431 201 276 301 234 135 36 27 of which: IBRD 412 184 243 262 202 121 30 22 IDA 0 0 0 0 0 0 0 0 Bilateral 796 2,137 1,458 152 99 47 26 70 Private creditors 1,454 2,182 2,429 3,977 4,512 4,379 4,712 3,605 of which: Bonds 1,320 2,095 1,731 2,079 1,471 1,226 1,099 1,737 Commercial banks 4 16 642 891 1,539 1,383 846 902 Private nonguaranteed 1,077 2,481 4,732 6,220 9,905 7,507 8,818 7,589 of which: Bonds 165 907 1,647 1,902 722 873 993 696 8. Debt stock-flow reconciliation Total change in external debt stocks -33,479 35,638 58,994 162,367 22,746 -14,892 31,116 32,825 Net flows on external debt -2,833 16,575 25,371 107,217 15,281 -32,238 18,764 36,626 9. Debt restructurings Total amount rescheduled 8,201 0 1,170 0 0 0 0 0 Total amount forgiven 11,600 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,281 878 619 442 292 1,046 227 201 Interest 99 80 67 54 46 38 13 10 Private creditors Principal 89,197 67,585 63,681 40,927 37,537 30,323 30,085 20,605 Interest 22,846 18,741 14,782 12,315 9,969 8,164 6,343 4,639 Notes: Long-term public and publicly guaranteed and long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. 239 RWANDA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1289.4 1528.5 433.6 606.2 683.9 869.4 912.8 1103.4 Long-term external debt 1147.7 1414.5 389.5 565.9 645.7 723.5 765.5 971.1 Public and publicly guaranteed 1147.7 1414.5 389.5 565.9 645.7 723.5 765.5 971.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 103.7 96.6 24.9 29.8 32.5 135.7 133.2 132.2 Short-term external debt 38.0 17.4 19.2 10.6 5.7 10.1 14.1 0.0 interest arrears on long-term 16.3 13.4 12.2 10.6 0.7 0.1 0.1 0.0 Memorandum items Principal arrears on long-term 73.1 73.3 69.3 63.0 4.3 2.7 2.1 0.3 Long-term public sector debt 1147.7 1414.5 389.5 565.9 645.7 723.5 765.5 971.1 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 55.0 73.0 17.9 386.6 0.0 52.1 138.3 257.1 External debt flows Disbursements 64.9 86.5 67.0 85.7 114.1 88.4 61.4 222.8 Long-term external debt 39.8 84.8 64.5 82.3 110.5 84.8 61.4 222.8 IMF purchases 25.1 1.7 2.5 3.5 3.6 3.6 0.0 0.0 Principal repayments 24.3 16.8 17.8 16.2 8.6 5.3 8.4 12.3 Long-term external debt 13.1 13.2 17.8 16.2 8.6 5.3 8.3 11.7 IMF repurchases 11.1 3.7 0.0 0.0 0.0 0.0 0.1 0.6 Net flows 24.3 66.6 52.3 62.6 110.5 88.1 57.0 196.5 Long-term external debt 26.7 71.6 46.7 66.1 101.9 79.5 53.1 211.1 Short-term external debt -16.4 -3.0 3.0 -7.0 5.0 5.0 4.0 -14.0 Interest payments 12.2 11.4 9.0 7.4 5.8 6.2 6.6 7.3 Long-term external debt 8.5 10.2 7.9 6.5 5.5 5.8 6.0 7.0 IMF charges 2.2 1.0 0.9 0.8 0.2 0.3 0.4 0.1 Short-term external debt 1.5 0.2 0.3 0.2 0.1 0.1 0.2 0.1 2. Other non-debt resource inflows Foreign direct investment 8.3 8.0 11.2 67.1 103.4 118.7 42.3 106.0 Portfolio equity .. .. .. .. .. .. 21.4 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 4.2 6.8 5.1 6.8 6.7 5.5 3.8 Japanese yen 0.4 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 58.5 63.8 54.4 44.4 41.9 41.2 40.1 46.8 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.9 1.0 3.0 0.0 1.8 0.9 0.7 Maturity (years) 39.7 40.0 30.1 25.1 0.0 21.8 35.9 40.6 Grace period (years) 10.2 9.4 6.5 7.9 0.0 7.0 9.2 5.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1719.6 2554.1 3082.6 3721.1 4676.5 5215.9 5580.1 6320.6 Exports of goods, services & prim. income 141.5 284.6 302.5 388.4 660.8 525.2 620.4 .. Personal transfers & comp. of employees 6.6 20.9 21.2 51.3 67.8 92.6 103.1 108.4 Imports of goods, services & prim. income 451.7 702.8 778.3 948.5 1431.3 1512.1 1699.2 .. Primary income on FDI 3.1 4.7 3.9 9.3 15.4 4.7 3.7 0.0 Current account balance -94.4 -52.1 -180.0 -146.6 -252.1 -382.9 -421.4 -461.6 International reserves 190.6 405.8 439.7 552.8 596.3 742.7 812.8 1050.0 6. Ratios External debt stocks to exports (%) 911.2 537.0 143.3 156.1 103.5 165.5 147.1 .. External debt stocks to GNI (%) 75.0 59.8 14.1 16.3 14.6 16.7 16.4 17.5 Debt service to exports (%) 25.7 9.9 8.8 6.1 2.2 2.2 2.4 .. Short-term to external debt stocks (%) 2.9 1.1 4.4 1.7 0.8 1.2 1.5 0.0 Multilateral to external debt stocks (%) 77.3 88.8 77.3 77.1 82.2 70.8 70.0 74.3 Reserves to external debt stocks (%) 14.8 26.5 101.4 91.2 87.2 85.4 89.0 95.2 Reserves to imports (months) 5.1 6.9 6.8 7.0 5.0 5.9 5.7 .. 240 RWANDA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1147.7 1414.5 389.5 565.9 645.7 723.5 765.5 971.1 Public and publicly guaranteed 1147.7 1414.5 389.5 565.9 645.7 723.5 765.5 971.1 Official creditors 1146.6 1414.5 389.5 565.9 645.7 723.5 765.5 971.1 Multilateral 996.6 1357.8 335.2 467.3 562.0 615.3 639.3 819.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 691.9 980.3 168.5 203.8 241.7 254.2 259.4 391.7 Bilateral 150.0 56.7 54.3 98.6 83.7 108.3 126.2 151.5 Private creditors 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 39.8 84.8 64.5 82.3 110.5 84.8 61.4 222.8 Public and publicly guaranteed 39.8 84.8 64.5 82.3 110.5 84.8 61.4 222.8 Official creditors 39.8 84.8 64.5 82.3 110.5 84.8 61.4 222.8 Multilateral 39.8 84.8 64.5 70.9 101.4 58.5 43.1 197.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 37.2 46.8 37.0 27.6 40.5 10.5 9.8 138.2 Bilateral 0.0 0.0 0.0 11.4 9.1 26.4 18.3 24.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 13.1 13.2 17.8 16.2 8.6 5.3 8.3 11.7 Public and publicly guaranteed 13.1 13.2 17.8 16.2 8.6 5.3 8.3 11.7 Official creditors 13.1 13.2 17.8 16.2 8.6 5.3 8.3 11.7 Multilateral 10.8 8.2 12.6 10.9 8.2 4.9 7.0 9.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 6.3 0.2 0.0 0.0 0.0 0.0 0.5 2.4 Bilateral 2.3 5.0 5.1 5.2 0.4 0.4 1.3 2.3 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 8.5 10.2 7.9 6.5 5.5 5.8 6.0 7.0 Public and publicly guaranteed 8.5 10.2 7.9 6.5 5.5 5.8 6.0 7.0 Official creditors 8.5 10.2 7.9 6.5 5.5 5.8 6.0 7.0 Multilateral 7.5 9.3 6.8 5.4 4.4 4.2 4.3 4.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 5.1 5.6 2.3 1.5 1.7 1.8 1.9 2.2 Bilateral 1.0 0.9 1.0 1.1 1.1 1.6 1.7 2.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -22.4 -149.3 -1094.9 172.7 77.7 185.5 43.5 190.5 Net flows on external debt 24.3 66.6 52.3 62.6 110.5 88.1 57.0 196.5 9. Debt restructurings Total amount rescheduled 6.8 8.0 14.0 0.1 0.0 0.0 0.0 3.0 Total amount forgiven 0.3 105.0 1215.5 0.6 29.5 4.6 4.2 4.1 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 21.6 24.3 31.1 37.0 38.0 38.5 38.9 40.1 Interest 9.5 10.1 10.5 10.6 10.4 10.1 9.8 9.4 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Data include the effects HIPC and MDRI debt relief. 241 SAMOA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 139.2 169.1 165.4 187.7 207.4 252.9 325.1 368.3 Long-term external debt 137.7 167.5 163.7 185.9 205.6 226.4 299.1 342.4 Public and publicly guaranteed 137.7 167.5 163.7 185.9 205.6 226.4 299.1 342.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 1.5 1.6 1.7 1.8 1.8 26.5 26.0 25.9 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 interest arrears on long-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Long-term public sector debt 137.7 167.5 163.7 185.9 205.6 226.4 299.1 342.4 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 11.8 4.8 8.5 91.3 48.8 0.0 79.4 12.0 External debt flows Disbursements 6.7 10.4 7.3 17.8 25.5 34.1 78.9 46.9 Long-term external debt 6.7 10.4 7.3 17.8 25.5 25.2 78.9 46.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 8.9 0.0 0.0 Principal repayments 4.2 4.3 4.9 5.3 6.0 6.0 7.2 7.8 Long-term external debt 4.2 4.3 4.9 5.3 6.0 6.0 7.2 7.8 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 2.5 6.1 2.4 12.6 19.6 28.1 71.6 39.2 Long-term external debt 2.5 6.1 2.4 12.6 19.6 19.2 71.6 39.2 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.3 1.6 2.1 1.7 2.1 2.5 3.4 4.1 Long-term external debt 1.3 1.5 2.1 1.6 2.1 2.5 3.3 4.1 IMF charges 0.1 0.0 0.1 0.1 0.0 0.0 0.1 0.0 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment -1.5 3.8 28.4 6.8 45.9 3.0 5.3 14.9 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.7 1.7 1.4 0.9 0.8 0.4 0.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.7 2.7 6.3 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 41.0 43.7 48.5 45.7 41.1 36.8 33.7 29.0 4. Average terms of new commitments Official creditors Interest (%) 1.1 3.8 1.4 1.1 0.8 0.0 1.4 1.1 Maturity (years) 35.1 19.6 31.4 28.8 22.9 0.0 29.1 19.6 Grace period (years) 9.0 5.1 7.9 8.5 5.9 0.0 8.0 5.1 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 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 245.6 388.2 418.7 492.1 539.6 506.5 578.2 629.2 Exports of goods, services & prim. income .. 147.3 152.8 188.5 193.5 181.3 201.2 203.7 Personal transfers & comp. of employees 45.0 81.6 87.2 96.6 111.4 122.3 122.1 139.1 Imports of goods, services & prim. income .. 300.2 328.8 344.3 377.8 317.7 400.5 432.7 Primary income on FDI .. 30.0 27.5 37.9 50.5 21.8 22.1 29.4 Current account balance .. -47.3 -77.9 -45.7 -56.2 -7.8 -66.7 -78.2 International reserves 63.7 81.8 80.7 95.4 87.1 165.8 209.4 166.8 6. Ratios External debt stocks to exports (%) .. 114.8 108.3 99.6 107.2 139.5 161.6 180.8 External debt stocks to GNI (%) 56.7 43.6 39.5 38.1 38.4 49.9 56.2 58.5 Debt service to exports (%) .. 3.9 4.6 3.7 4.2 4.7 5.3 5.8 Short-term to external debt stocks (%) .. .. .. .. .. .. .. .. Multilateral to external debt stocks (%) 92.9 91.7 98.8 94.2 84.9 71.2 67.4 60.8 Reserves to external debt stocks (%) 45.7 48.4 48.8 50.8 42.0 65.6 64.4 45.3 Reserves to imports (months) .. 3.3 2.9 3.3 2.8 6.3 6.3 4.6 242 SAMOA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 137.7 167.5 163.7 185.9 205.6 226.4 299.1 342.4 Public and publicly guaranteed 137.7 167.5 163.7 185.9 205.6 226.4 299.1 342.4 Official creditors 137.7 167.5 163.7 185.9 205.6 226.4 299.1 342.4 Multilateral 129.3 155.0 163.4 176.8 176.0 180.1 219.2 223.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 47.3 64.2 69.3 77.7 79.0 79.9 99.3 100.0 Bilateral 8.4 12.5 0.3 9.1 29.6 46.3 79.9 118.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 6.7 10.4 7.3 17.8 25.5 25.2 78.9 46.9 Public and publicly guaranteed 6.7 10.4 7.3 17.8 25.5 25.2 78.9 46.9 Official creditors 6.7 10.4 7.3 17.8 25.5 25.2 78.9 46.9 Multilateral 6.7 10.4 7.3 9.3 5.9 8.5 47.7 13.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 5.7 7.7 3.5 6.9 3.1 1.8 21.9 3.2 Bilateral 0.0 0.0 0.0 8.6 19.6 16.7 31.1 33.8 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 4.2 4.3 4.9 5.3 6.0 6.0 7.2 7.8 Public and publicly guaranteed 4.2 4.3 4.9 5.3 6.0 6.0 7.2 7.8 Official creditors 4.2 4.3 4.9 5.3 6.0 6.0 7.2 7.8 Multilateral 3.3 3.9 4.7 5.2 5.9 6.0 7.2 7.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.7 1.0 1.1 1.2 1.3 1.5 1.9 2.3 Bilateral 0.9 0.3 0.2 0.0 0.1 0.0 0.1 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.3 1.5 2.1 1.6 2.1 2.5 3.3 4.1 Public and publicly guaranteed 1.3 1.5 2.1 1.6 2.1 2.5 3.3 4.1 Official creditors 1.3 1.5 2.1 1.6 2.1 2.5 3.3 4.1 Multilateral 1.2 1.5 2.1 1.6 1.8 1.7 1.7 2.2 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.6 0.5 0.6 0.6 0.6 0.6 0.8 Bilateral 0.0 0.0 0.0 0.0 0.3 0.8 1.6 1.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -8.8 -7.4 -3.7 22.3 19.7 45.5 72.2 43.2 Net flows on external debt 2.5 6.1 2.4 12.6 19.6 28.1 71.6 39.2 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 12.2 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 8.3 9.3 13.1 14.4 16.6 18.4 21.0 20.2 Interest 3.9 4.0 4.0 3.9 3.9 3.7 3.6 3.4 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2009, 2010, and 2011 are $1.2 billion, $2.1 billion, and $2.5 billion respectively. 243 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 304.8 335.6 351.6 166.2 131.7 159.9 181.1 231.0 Long-term external debt 278.3 317.1 331.4 143.5 108.7 125.0 145.3 189.2 Public and publicly guaranteed 278.3 317.1 331.4 143.5 108.7 125.0 145.3 189.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 3.3 4.1 5.0 3.5 4.8 15.6 15.9 15.8 Short-term external debt 23.3 14.4 15.1 19.2 18.2 19.4 19.9 25.9 interest arrears on long-term 11.3 14.4 14.1 8.2 8.2 8.4 5.9 5.9 Memorandum items Principal arrears on long-term 47.7 55.8 69.6 71.6 66.0 63.9 67.7 69.7 Long-term public sector debt 278.3 317.1 331.4 143.5 108.7 120.0 140.3 184.2 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 5.0 5.0 5.0 Public & publicly guaranteed commitments 18.2 0.0 0.0 5.0 3.9 14.0 66.3 13.6 External debt flows Disbursements 11.9 6.1 3.9 5.5 6.6 19.4 20.3 47.8 Long-term external debt 9.4 5.4 2.7 4.2 5.2 18.8 19.8 47.8 IMF purchases 2.5 0.6 1.2 1.3 1.3 0.6 0.6 0.0 Principal repayments 2.2 4.6 5.1 5.0 1.7 1.7 1.2 1.1 Long-term external debt 2.2 4.4 4.6 4.2 1.7 1.7 1.2 1.1 IMF repurchases 0.0 0.1 0.6 0.8 0.0 0.0 0.0 0.0 Net flows 9.7 1.5 -0.2 10.5 3.9 18.7 22.1 52.7 Long-term external debt 7.2 1.0 -1.9 -0.1 3.5 17.1 18.6 46.7 Short-term external debt 0.0 0.0 1.0 10.0 -1.0 1.0 3.0 6.0 Interest payments 2.2 2.1 1.9 1.5 0.6 0.4 0.5 0.6 Long-term external debt 1.2 2.1 1.8 1.2 0.3 0.3 0.3 0.3 IMF charges 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 Short-term external debt 0.9 0.0 0.0 0.3 0.3 0.0 0.2 0.2 2. Other non-debt resource inflows Foreign direct investment 3.8 15.7 38.0 36.0 79.1 15.5 24.6 18.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 6.2 6.6 3.8 4.5 3.8 14.9 26.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 4.7 5.2 5.3 13.4 18.7 16.8 15.8 12.1 U.S.dollars 43.7 45.0 44.8 64.7 53.7 58.8 50.8 45.3 4. Average terms of new commitments Official creditors Interest (%) 0.9 0.0 0.0 4.6 0.8 0.6 1.9 0.5 Maturity (years) 39.4 0.0 0.0 20.0 22.8 30.1 29.9 29.8 Grace period (years) 10.1 0.0 0.0 8.0 7.0 7.3 9.9 7.1 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 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. 111.8 126.5 149.4 184.9 197.9 203.4 250.5 Exports of goods, services & prim. income 17.1 18.1 22.4 20.4 19.6 21.5 25.9 30.9 Personal transfers & comp. of employees 0.5 1.5 1.6 2.0 3.0 2.0 2.0 2.2 Imports of goods, services & prim. income 42.0 57.8 80.6 86.2 115.8 104.9 135.9 147.1 Primary income on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Current account balance -20.5 -36.3 -58.0 -64.5 -93.5 -78.8 -107.4 -106.0 International reserves 11.6 26.7 34.2 39.3 61.3 66.7 49.4 51.5 6. Ratios External debt stocks to exports (%) 1777.8 1857.1 1568.5 813.8 671.5 745.0 698.1 747.5 External debt stocks to GNI (%) .. 300.1 277.9 111.2 71.2 80.8 89.0 92.2 Debt service to exports (%) 25.4 36.8 31.5 31.7 11.9 9.8 6.4 5.4 Short-term to external debt stocks (%) 7.6 4.3 4.3 11.5 13.8 12.1 11.0 11.2 Multilateral to external debt stocks (%) 55.5 58.8 57.8 22.7 27.2 23.0 20.6 18.0 Reserves to external debt stocks (%) 3.8 8.0 9.7 23.7 46.5 41.7 27.3 22.3 Reserves to imports (months) 3.3 5.5 5.1 5.5 6.4 7.6 4.4 4.2 244 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 278.3 317.1 331.4 143.5 108.7 125.0 145.3 189.2 Public and publicly guaranteed 278.3 317.1 331.4 143.5 108.7 125.0 145.3 189.2 Official creditors 278.3 317.1 331.4 143.5 108.7 125.0 145.3 189.2 Multilateral 169.3 197.4 203.2 37.7 35.9 36.7 37.3 41.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 58.9 72.4 76.4 10.7 13.3 14.4 14.2 14.1 Bilateral 109.0 119.7 128.3 105.8 72.9 88.3 108.0 147.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 9.4 5.4 2.7 4.2 5.2 18.8 19.8 47.8 Public and publicly guaranteed 9.4 5.4 2.7 4.2 5.2 18.8 19.8 47.8 Official creditors 9.4 5.4 2.7 4.2 5.2 18.8 19.8 47.8 Multilateral 8.4 5.4 2.7 4.2 5.2 3.8 2.3 5.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.7 2.5 1.9 2.6 2.7 1.0 0.1 0.0 Bilateral 1.0 0.0 0.0 0.0 0.0 15.0 17.4 42.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.2 4.4 4.6 4.2 1.7 1.7 1.2 1.1 Public and publicly guaranteed 2.2 4.4 4.6 4.2 1.7 1.7 1.2 1.1 Official creditors 2.2 4.4 4.6 4.2 1.7 1.7 1.2 1.1 Multilateral 1.9 2.1 3.8 4.2 1.7 1.4 1.2 1.1 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Bilateral 0.3 2.4 0.8 0.0 0.0 0.3 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.2 2.1 1.8 1.2 0.3 0.3 0.3 0.3 Public and publicly guaranteed 1.2 2.1 1.8 1.2 0.3 0.3 0.3 0.3 Official creditors 1.2 2.1 1.8 1.2 0.3 0.3 0.3 0.3 Multilateral 1.2 1.4 1.5 1.2 0.3 0.3 0.3 0.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.5 0.5 0.4 0.1 0.1 0.1 0.1 0.1 Bilateral 0.0 0.7 0.3 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -17.0 -25.4 15.9 -185.4 -34.5 28.2 21.2 49.9 Net flows on external debt 9.7 1.5 -0.2 10.5 3.9 18.7 22.1 52.7 9. Debt restructurings Total amount rescheduled 7.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 11.4 2.9 1.4 196.2 42.1 2.0 0.0 0.1 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 5.0 4.5 4.1 5.2 3.1 3.1 3.1 3.1 Interest 1.4 1.5 1.6 1.7 1.7 1.7 1.7 1.7 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Data include the effects of HIPC and MDRI debt relief. 245 SENEGAL (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 3,653 3,865 1,941 2,591 2,857 3,742 3,911 4,320 Long-term external debt 3,221 3,646 1,794 2,193 2,559 3,314 3,460 3,873 Public and publicly guaranteed 3,208 3,505 1,644 1,993 2,378 2,957 3,152 3,608 Private nonguaranteed 13 141 151 200 180 357 308 265 Use of IMF credit 286 183 63 66 102 409 451 447 Short-term external debt 146 36 84 332 197 18 0 0 interest arrears on long-term 1 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 17 10 18 15 5 5 6 3 Long-term public sector debt 3,208 3,505 1,644 1,993 2,378 2,957 3,152 3,608 Long-term private sector debt 13 141 151 200 180 357 308 265 Public & publicly guaranteed commitments 241 327 559 294 570 787 314 757 External debt flows Disbursements 156 387 280 497 560 935 482 997 Long-term external debt 137 382 259 497 522 835 432 997 IMF purchases 19 5 20 0 38 100 49 0 Principal repayments 148 145 111 126 125 148 227 235 Long-term external debt 127 112 111 126 125 148 227 232 IMF repurchases 21 34 0 0 0 0 1 3 Net flows -153 242 217 619 300 608 236 762 Long-term external debt 10 270 149 371 397 688 206 765 Short-term external debt -161 0 48 248 -135 -179 -18 0 Interest payments 78 58 75 64 55 52 75 122 Long-term external debt 58 55 70 50 49 50 75 122 IMF charges 3 2 2 1 0 1 1 0 Short-term external debt 17 2 4 12 6 1 0 0 2. Other non-debt resource inflows Foreign direct investment 63 56 236 288 399 330 266 286 Portfolio equity -2 -6 0 8 -93 -2 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 10.9 8.8 9.9 15.9 17.7 18.8 17.1 Japanese yen 3.5 2.7 5.2 0.0 0.2 0.2 0.2 0.2 Pound sterling 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 45.0 59.4 40.2 40.9 36.9 39.5 38.4 43.8 4. Average terms of new commitments Official creditors Interest (%) 0.8 1.2 0.9 1.9 2.7 1.2 1.0 0.9 Maturity (years) 40.1 34.0 33.5 23.5 23.4 34.6 35.7 39.6 Grace period (years) 9.9 7.6 8.5 5.8 6.7 8.5 9.3 3.0 Private creditors Interest (%) 3.0 0.0 6.3 0.0 0.0 8.8 0.0 9.6 Maturity (years) 9.3 0.0 9.0 0.0 0.0 5.0 0.0 10.0 Grace period (years) 2.8 0.0 0.4 0.0 0.0 5.0 0.0 10.0 5. Major economic aggregates Gross national income (GNI) 4,601 8,559 9,290 11,224 13,339 12,591 12,722 14,127 Exports of goods, services & prim. income 1,383 2,450 2,522 3,011 3,729 3,275 .. .. Personal transfers & comp. of employees 233 789 925 1,192 1,476 1,350 1,350 1,442 Imports of goods, services & prim. income 1,929 3,880 4,220 5,613 7,298 5,613 .. .. Primary income on FDI 75 62 70 78 123 147 .. .. Current account balance -332 -676 -861 -1,312 -1,884 -865 -588 .. International reserves 388 1,186 1,334 1,660 1,602 2,123 2,047 1,946 6. Ratios External debt stocks to exports (%) 264.2 157.8 77.0 86.1 76.6 114.3 .. .. External debt stocks to GNI (%) 79.4 45.2 20.9 23.1 21.4 29.7 30.7 30.6 Debt service to exports (%) 16.3 8.3 7.4 6.3 4.8 6.1 .. .. Short-term to external debt stocks (%) 4.0 0.9 4.3 12.8 6.9 0.5 .. .. Multilateral to external debt stocks (%) 52.4 72.9 50.7 53.3 54.3 48.3 50.4 51.8 Reserves to external debt stocks (%) 10.6 30.7 68.7 64.1 56.1 56.7 52.3 45.0 Reserves to imports (months) 2.4 3.7 3.8 3.5 2.6 4.5 .. .. 246 SENEGAL (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,221 3,646 1,794 2,193 2,559 3,314 3,460 3,873 Public and publicly guaranteed 3,208 3,505 1,644 1,993 2,378 2,957 3,152 3,608 Official creditors 3,203 3,496 1,632 1,986 2,374 2,755 2,952 3,108 Multilateral 1,913 2,816 985 1,382 1,553 1,806 1,972 2,238 of which: IBRD 1 0 0 0 0 0 0 0 IDA 1,330 2,045 495 652 780 921 1,017 1,181 Bilateral 1,291 680 648 604 821 949 979 870 Private creditors 5 9 11 7 4 202 200 500 of which: Bonds 0 0 0 0 0 200 200 500 Commercial banks 5 9 11 7 4 2 0 0 Private nonguaranteed 13 141 151 200 180 357 308 265 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 137 382 259 497 522 835 432 997 Public and publicly guaranteed 136 333 225 472 518 627 349 916 Official creditors 131 333 220 472 518 427 349 416 Multilateral 119 262 193 395 243 264 246 363 of which: IBRD 0 0 0 0 0 0 0 0 IDA 92 182 131 133 135 137 113 179 Bilateral 12 71 28 78 275 162 103 53 Private creditors 5 0 4 0 0 200 0 500 of which: Bonds 0 0 0 0 0 200 0 500 Commercial banks 5 0 4 0 0 0 0 0 Private nonguaranteed 1 49 35 24 4 208 83 81 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 127 112 111 126 125 148 227 232 Public and publicly guaranteed 125 83 96 72 86 98 82 135 Official creditors 124 81 94 67 84 96 80 135 Multilateral 68 40 49 38 44 60 45 57 of which: IBRD 3 0 0 0 0 0 0 0 IDA 11 12 7 0 1 2 4 7 Bilateral 57 41 45 30 40 35 35 78 Private creditors 0 2 3 4 3 3 2 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 3 4 3 3 2 0 Private nonguaranteed 3 29 14 54 39 49 144 96 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 58 55 70 50 49 50 75 122 Public and publicly guaranteed 58 45 61 34 36 41 64 108 Official creditors 58 44 60 33 36 41 46 57 Multilateral 26 31 49 25 23 22 22 26 of which: IBRD 0 0 0 0 0 0 0 0 IDA 8 16 10 5 5 6 7 8 Bilateral 32 13 11 9 12 19 24 31 Private creditors 0 1 1 1 0 0 18 51 of which: Bonds 0 0 0 0 0 0 18 51 Commercial banks 0 1 1 1 0 0 0 0 Private nonguaranteed 0 10 9 16 13 9 11 15 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -347 -78 -1,924 650 266 884 170 408 Net flows on external debt -153 242 217 619 300 608 236 762 9. Debt restructurings Total amount rescheduled 0 31 262 4 2 0 0 0 Total amount forgiven 24 49 2,442 146 3 0 23 15 Debt buyback 0 0 0 0 0 0 0 200 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 169 169 131 142 147 153 166 177 Interest 45 44 42 42 41 40 38 36 Private creditors Principal 66 66 66 66 0 0 0 0 Interest 53 52 50 49 48 48 48 48 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 247 SERBIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 11,573 16,159 19,886 26,212 30,493 33,814 32,935 31,569 Long-term external debt 6,789 12,970 17,560 23,873 26,719 27,915 27,417 27,624 Public and publicly guaranteed 6,178 7,756 7,752 8,469 8,399 8,839 9,504 11,184 Private nonguaranteed 611 5,214 9,808 15,404 18,320 19,076 17,912 16,440 Use of IMF credit 226 947 85 90 87 2,299 2,720 2,783 Short-term external debt 4,558 2,242 2,241 2,249 3,687 3,600 2,798 1,162 interest arrears on long-term 3,668 728 584 703 704 712 352 324 Memorandum items Principal arrears on long-term 5,275 805 732 1,250 1,625 1,832 1,976 1,745 Long-term public sector debt 6,095 7,756 7,752 8,463 8,376 8,785 9,398 10,963 Long-term private sector debt 694 5,214 9,808 15,410 18,343 19,130 18,019 16,661 Public & publicly guaranteed commitments 71 350 668 511 433 2,608 2,340 1,105 External debt flows Disbursements 376 3,088 5,283 6,661 6,996 6,108 5,075 6,188 Long-term external debt 222 2,904 5,283 6,661 6,996 4,533 4,617 6,114 IMF purchases 154 185 0 0 0 1,575 458 74 Principal repayments 73 776 1,558 2,334 3,486 3,613 3,431 4,257 Long-term external debt 0 570 1,319 2,334 3,486 3,613 3,431 4,257 IMF repurchases 73 206 239 0 0 0 0 0 Net flows 51 2,827 3,868 4,216 4,948 2,401 1,201 323 Long-term external debt 222 2,334 3,964 4,328 3,511 920 1,186 1,857 Short-term external debt -252 515 143 -112 1,437 -95 -442 -1,607 Interest payments 50 458 593 902 1,250 1,033 876 953 Long-term external debt 0 367 504 840 1,136 916 759 905 IMF charges 32 35 10 3 1 8 23 31 Short-term external debt 18 57 79 59 113 110 93 17 2. Other non-debt resource inflows Foreign direct investment 52 2,051 4,968 3,432 2,996 1,936 1,340 2,700 Portfolio equity .. .. .. 772 -57 22 84 70 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 32.3 35.5 37.8 37.6 42.4 46.7 46.8 Japanese yen 2.0 1.2 1.2 1.1 1.4 1.2 1.2 1.1 Pound sterling 0.5 0.2 0.2 0.1 0.1 0.1 0.1 0.1 Swiss franc 2.8 1.9 3.4 3.2 3.1 2.8 2.9 2.3 U.S.dollars 24.6 62.5 57.7 55.3 55.0 50.6 46.2 47.1 4. Average terms of new commitments Official creditors Interest (%) 0.4 1.7 4.1 5.0 3.7 1.3 2.2 1.5 Maturity (years) 23.2 17.6 16.6 18.6 22.0 21.0 15.5 19.3 Grace period (years) 7.8 6.6 3.8 6.3 6.6 5.8 4.0 15.0 Private creditors Interest (%) 7.8 0.0 4.1 0.0 5.0 0.0 4.9 7.3 Maturity (years) 6.4 0.0 7.1 0.0 2.0 0.0 5.3 10.0 Grace period (years) 1.9 0.0 7.1 0.0 2.0 0.0 1.4 10.0 5. Major economic aggregates Gross national income (GNI) 6,082 24,910 28,806 38,122 46,405 39,459 37,544 43,991 Exports of goods, services & prim. income .. .. .. 12,579 15,792 12,544 13,932 16,561 Personal transfers & comp. of employees .. .. .. 3,062 2,708 3,933 3,349 3,271 Imports of goods, services & prim. income .. .. .. 23,401 29,927 20,348 21,169 25,052 Primary income on FDI .. .. .. 596 890 451 552 531 Current account balance .. .. .. -6,890 -10,395 -2,867 -2,820 -4,113 International reserves 392 5,628 11,648 13,893 11,123 14,769 12,715 14,877 6. Ratios External debt stocks to exports (%) .. .. .. 208.4 193.1 269.6 236.4 190.6 External debt stocks to GNI (%) 190.3 64.9 69.0 68.8 65.7 85.7 87.7 71.8 Debt service to exports (%) .. .. .. 25.7 30.0 37.0 30.9 31.5 Short-term to external debt stocks (%) 39.4 13.9 11.3 8.6 12.1 10.6 8.5 3.7 Multilateral to external debt stocks (%) 12.4 22.0 19.9 17.2 14.9 13.0 14.8 16.7 Reserves to external debt stocks (%) 3.4 34.8 58.6 53.0 36.5 43.7 38.6 47.1 Reserves to imports (months) .. .. .. 7.1 4.5 8.7 7.2 7.1 248 SERBIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 6,789 12,970 17,560 23,873 26,719 27,915 27,417 27,624 Public and publicly guaranteed 6,178 7,756 7,752 8,469 8,399 8,839 9,504 11,184 Official creditors 4,243 6,679 6,622 7,289 7,223 7,664 8,172 8,583 Multilateral 1,440 3,559 3,958 4,504 4,554 4,408 4,876 5,266 of which: IBRD 1,097 2,147 2,127 2,326 2,276 1,783 1,818 1,859 IDA 0 486 553 625 655 676 681 702 Bilateral 2,803 3,119 2,664 2,786 2,669 3,256 3,296 3,317 Private creditors 1,935 1,077 1,129 1,180 1,175 1,175 1,332 2,601 of which: Bonds 0 0 0 0 0 0 0 1,000 Commercial banks 1,928 1,076 1,128 1,179 1,174 1,174 1,331 1,600 Private nonguaranteed 611 5,214 9,808 15,404 18,320 19,076 17,912 16,440 of which: Bonds 0 0 0 165 165 165 165 165 Disbursements 222 2,904 5,283 6,661 6,996 4,533 4,617 6,114 Public and publicly guaranteed 222 311 456 316 294 971 1,388 2,376 Official creditors 187 311 406 275 291 971 1,149 972 Multilateral 0 286 392 241 278 420 908 774 of which: IBRD 0 0 0 0 0 56 243 177 IDA 0 85 43 47 34 17 16 24 Bilateral 187 25 14 34 13 550 241 197 Private creditors 35 0 50 41 3 0 239 1,404 of which: Bonds 0 0 0 0 0 0 0 1,000 Commercial banks 0 0 50 41 3 0 239 404 Private nonguaranteed 0 2,593 4,828 6,345 6,703 3,562 3,230 3,739 of which: Bonds 0 0 0 165 0 0 0 0 Principal repayments 0 570 1,319 2,334 3,486 3,613 3,431 4,257 Public and publicly guaranteed 0 48 278 184 181 158 351 451 Official creditors 0 48 278 184 180 154 275 350 Multilateral 0 31 264 91 118 87 176 223 of which: IBRD 0 17 242 17 22 0 71 75 IDA 0 0 0 0 0 0 0 0 Bilateral 0 16 13 93 62 67 98 126 Private creditors 0 0 0 0 1 4 76 101 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 1 4 76 101 Private nonguaranteed 0 522 1,041 2,149 3,305 3,454 3,081 3,806 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 0 367 504 840 1,136 916 759 905 Public and publicly guaranteed 0 237 264 415 354 348 321 348 Official creditors 0 194 219 369 328 303 241 257 Multilateral 0 134 143 174 186 175 113 128 of which: IBRD 0 99 106 112 96 98 44 51 IDA 0 4 4 5 5 5 5 5 Bilateral 0 60 76 195 142 128 128 128 Private creditors 0 44 45 46 26 45 80 91 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 44 45 46 26 45 80 91 Private nonguaranteed 0 129 240 425 782 568 438 557 of which: Bonds 0 0 0 7 10 10 10 10 8. Debt stock-flow reconciliation Total change in external debt stocks 595 1,597 3,726 6,326 4,282 3,320 -879 -1,366 Net flows on external debt 51 2,827 3,868 4,216 4,948 2,401 1,201 323 9. Debt restructurings Total amount rescheduled 0 8 0 0 0 205 0 0 Total amount forgiven 0 59 610 14 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 500 619 691 767 810 765 808 840 Interest 228 235 235 227 214 198 182 163 Private creditors Principal 4,207 2,973 2,599 1,563 1,241 1,322 798 653 Interest 841 680 506 401 317 245 183 139 Notes: Beginning 2006, the data for Serbia exclude Montenegro. 249 SEYCHELLES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 304 672 1,098 1,410 1,502 1,707 1,487 1,779 Long-term external debt 220 398 504 626 650 708 463 459 Public and publicly guaranteed 220 398 504 626 650 708 463 459 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 1 1 1 1 10 32 44 49 Short-term external debt 84 273 593 784 842 968 980 1,272 interest arrears on long-term 5 57 48 60 78 110 24 16 Memorandum items Principal arrears on long-term 21 116 101 113 114 234 45 26 Long-term public sector debt 220 398 504 626 650 708 463 459 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 32 56 248 141 104 40 25 48 External debt flows Disbursements 38 59 211 151 94 43 62 12 Long-term external debt 38 59 211 151 84 34 49 7 IMF purchases 0 0 0 0 10 9 13 6 Principal repayments 10 41 124 46 53 43 9 8 Long-term external debt 10 41 124 46 53 43 9 8 IMF repurchases 0 0 0 0 0 0 0 0 Net flows 71 180 416 284 81 93 151 305 Long-term external debt 29 18 87 105 31 -10 40 -1 Short-term external debt 42 162 329 179 40 94 98 300 Interest payments 11 18 53 64 39 18 40 27 Long-term external debt 7 11 29 28 21 8 28 9 IMF charges 0 0 0 0 0 0 0 0 Short-term external debt 4 7 24 36 18 10 12 17 2. Other non-debt resource inflows Foreign direct investment 24 86 146 126 129 118 167 144 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 13.7 12.9 23.1 20.0 26.1 17.5 16.9 Japanese yen 2.1 1.8 1.2 1.0 1.2 1.9 1.5 1.5 Pound sterling 6.5 4.2 3.7 2.8 2.0 3.5 2.2 2.2 Swiss franc 4.5 2.9 2.5 2.0 2.1 2.0 0.0 0.0 U.S.dollars 35.6 55.3 67.7 61.5 65.8 57.6 62.9 63.7 4. Average terms of new commitments Official creditors Interest (%) 3.3 2.0 4.9 4.2 2.0 1.4 2.4 0.1 Maturity (years) 12.3 14.4 14.0 11.2 13.8 21.4 25.2 10.6 Grace period (years) 2.4 4.8 3.8 5.0 3.0 6.7 10.2 1.6 Private creditors Interest (%) 4.4 6.1 9.1 2.8 5.1 7.1 2.5 0.0 Maturity (years) 9.2 5.9 5.1 3.4 2.8 5.1 18.4 0.0 Grace period (years) 2.5 0.9 4.6 2.1 0.4 0.2 6.9 0.0 5. Major economic aggregates Gross national income (GNI) 583 877 976 955 894 795 896 965 Exports of goods, services & prim. income 492 729 861 1,029 1,049 1,036 1,000 1,099 Personal transfers & comp. of employees 3 12 13 5 3 16 17 19 Imports of goods, services & prim. income 545 935 1,038 1,212 1,283 1,175 1,250 1,353 Primary income on FDI 8 20 25 15 21 8 28 0 Current account balance -43 -174 -134 -169 -201 -91 -225 -224 International reserves 44 56 113 41 64 191 236 252 6. Ratios External debt stocks to exports (%) 61.9 92.1 127.6 137.1 143.2 164.8 148.8 161.9 External debt stocks to GNI (%) 52.2 76.6 112.5 147.7 168.0 214.9 166.0 184.4 Debt service to exports (%) 4.2 8.1 20.6 10.7 8.8 5.9 4.8 3.2 Short-term to external debt stocks (%) 27.6 40.6 54.0 55.6 56.1 56.7 65.9 71.5 Multilateral to external debt stocks (%) 18.9 10.7 3.8 3.6 2.9 2.6 5.0 4.2 Reserves to external debt stocks (%) 14.4 8.4 10.3 2.9 4.2 11.2 15.8 14.2 Reserves to imports (months) 1.0 0.7 1.3 0.4 0.6 1.9 2.3 2.2 250 SEYCHELLES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 220 398 504 626 650 708 463 459 Public and publicly guaranteed 220 398 504 626 650 708 463 459 Official creditors 159 224 207 210 196 271 213 210 Multilateral 58 72 42 51 44 45 74 75 of which: IBRD 3 2 0 0 0 0 17 17 IDA 0 0 0 0 0 0 0 0 Bilateral 101 152 165 159 152 227 139 135 Private creditors 61 175 297 416 453 436 250 249 of which: Bonds 0 0 200 311 305 307 169 169 Commercial banks 50 86 73 85 135 115 67 65 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 38 59 211 151 84 34 49 7 Public and publicly guaranteed 38 59 211 151 84 34 49 7 Official creditors 19 8 6 11 4 25 33 6 Multilateral 7 5 3 11 0 16 33 6 of which: IBRD 0 0 0 0 0 0 18 0 IDA 0 0 0 0 0 0 0 0 Bilateral 12 3 3 0 4 9 0 0 Private creditors 19 51 204 140 80 9 16 1 of which: Bonds 0 0 200 105 0 0 0 0 Commercial banks 19 48 4 35 80 9 16 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 10 41 124 46 53 43 9 8 Public and publicly guaranteed 10 41 124 46 53 43 9 8 Official creditors 5 11 42 20 15 18 6 7 Multilateral 2 2 36 4 6 16 3 5 of which: IBRD 1 1 2 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 3 9 6 16 8 2 3 2 Private creditors 5 30 82 26 38 25 3 1 of which: Bonds 0 0 0 0 2 0 0 0 Commercial banks 2 14 17 23 31 25 3 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 7 11 29 28 21 8 28 9 Public and publicly guaranteed 7 11 29 28 21 8 28 9 Official creditors 2 3 22 3 4 4 2 3 Multilateral 1 1 20 2 2 2 1 1 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 1 2 2 1 1 2 1 2 Private creditors 5 8 7 25 18 4 26 6 of which: Bonds 0 0 0 19 10 0 20 5 Commercial banks 4 4 2 5 7 4 5 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks 52 226 426 312 92 205 -220 292 Net flows on external debt 71 180 416 284 81 93 151 305 9. Debt restructurings Total amount rescheduled 0 26 7 0 4 76 243 35 Total amount forgiven 0 7 0 0 0 8 192 10 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 11 18 22 20 20 19 19 20 Interest 2 2 2 2 2 2 2 2 Private creditors Principal 6 8 8 8 17 25 22 18 Interest 6 6 6 6 6 5 5 4 251 SIERRA LEONE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,213 1,776 1,500 551 634 857 931 1,049 Long-term external debt 973 1,538 1,428 482 545 605 661 740 Public and publicly guaranteed 973 1,538 1,428 482 545 605 661 740 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 196 217 61 64 80 229 266 274 Short-term external debt 44 21 11 5 9 23 4 35 interest arrears on long-term 36 11 11 0 0 0 0 0 Memorandum items Principal arrears on long-term 66 246 250 220 220 220 220 216 Long-term public sector debt 973 1,538 1,428 482 545 605 661 740 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 65 43 48 65 67 92 96 95 External debt flows Disbursements 90 71 40 31 87 81 109 109 Long-term external debt 77 51 27 31 69 62 66 95 IMF purchases 14 21 13 0 18 19 43 14 Principal repayments 35 7 12 5 2 3 7 14 Long-term external debt 10 5 8 5 2 3 5 9 IMF repurchases 25 2 4 0 0 0 2 5 Net flows 57 54 18 31 89 92 83 126 Long-term external debt 67 46 19 26 67 59 62 86 Short-term external debt 1 -10 -10 5 4 14 -19 31 Interest payments 13 11 12 6 4 5 5 7 Long-term external debt 9 9 10 4 3 4 4 6 IMF charges 4 2 2 1 0 1 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 39 91 59 95 53 110 238 715 Portfolio equity .. .. .. .. .. 6 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 10.4 8.8 5.2 3.9 3.2 2.4 1.5 Japanese yen 7.1 7.4 7.9 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.6 0.3 0.3 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.2 1.5 1.8 0.1 0.0 0.0 0.0 0.0 U.S.dollars 44.9 55.0 53.0 68.3 64.5 63.9 64.3 65.0 4. Average terms of new commitments Official creditors Interest (%) 0.8 1.0 1.2 1.1 1.0 1.4 0.8 1.2 Maturity (years) 39.8 34.1 25.5 21.8 31.9 29.7 32.5 29.8 Grace period (years) 10.3 8.5 8.4 5.5 9.2 8.9 8.6 4.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 616 1,176 1,364 1,629 1,916 1,856 1,910 2,174 Exports of goods, services & prim. income 62 267 315 374 348 380 427 548 Personal transfers & comp. of employees 7 2 16 42 23 36 44 59 Imports of goods, services & prim. income 262 509 487 637 685 797 1,094 1,924 Primary income on FDI 2 41 27 122 76 39 46 36 Current account balance -112 -105 -95 -160 -225 -327 -493 -1,127 International reserves 49 171 184 217 220 405 409 439 6. Ratios External debt stocks to exports (%) 1,941.0 664.7 476.5 147.4 182.1 225.8 218.3 191.5 External debt stocks to GNI (%) 196.8 151.0 110.0 33.8 33.1 46.2 48.8 48.2 Debt service to exports (%) 76.4 6.9 7.8 2.9 1.7 2.1 2.7 3.8 Short-term to external debt stocks (%) 3.6 1.2 0.7 0.9 1.4 2.7 0.4 3.3 Multilateral to external debt stocks (%) 47.5 48.6 56.8 40.4 43.1 37.6 39.9 39.5 Reserves to external debt stocks (%) 4.1 9.6 12.3 39.3 34.7 47.3 43.9 41.9 Reserves to imports (months) 2.3 4.0 4.5 4.1 3.9 6.1 4.5 2.7 252 SIERRA LEONE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 973 1,538 1,428 482 545 605 661 740 Public and publicly guaranteed 973 1,538 1,428 482 545 605 661 740 Official creditors 967 1,325 1,217 271 334 394 450 532 Multilateral 576 864 852 223 273 322 371 414 of which: IBRD 0 0 0 0 0 0 0 0 IDA 354 559 533 84 108 124 155 188 Bilateral 391 462 365 48 61 71 79 118 Private creditors 5 213 211 211 211 211 211 208 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 211 211 211 211 211 211 208 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 77 51 27 31 69 62 66 95 Public and publicly guaranteed 77 51 27 31 69 62 66 95 Official creditors 77 51 27 31 69 62 66 95 Multilateral 74 49 25 28 56 51 59 55 of which: IBRD 0 0 0 0 0 0 0 0 IDA 70 19 16 14 26 15 32 35 Bilateral 2 1 1 4 13 11 7 40 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 10 5 8 5 2 3 5 9 Public and publicly guaranteed 10 5 8 5 2 3 5 9 Official creditors 10 5 8 5 2 3 5 9 Multilateral 7 2 5 3 1 2 4 7 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 0 0 0 0 0 0 0 Bilateral 2 3 3 3 1 1 1 2 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 9 9 10 4 3 4 4 6 Public and publicly guaranteed 9 9 10 4 3 4 4 6 Official creditors 9 9 10 4 3 4 4 6 Multilateral 4 6 6 3 2 3 3 4 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 4 4 1 1 1 1 1 Bilateral 5 3 4 2 1 1 1 2 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -72 121 -276 -949 83 223 74 118 Net flows on external debt 57 54 18 31 89 92 83 126 9. Debt restructurings Total amount rescheduled 0 5 5 9 8 12 0 0 Total amount forgiven 0 34 256 959 7 4 4 4 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 18 18 18 21 24 40 37 29 Interest 6 7 7 7 7 6 6 6 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 253 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 156.2 167.4 174.5 178.3 166.9 172.4 230.8 255.5 Long-term external debt 152.1 151.2 157.9 173.9 162.8 154.4 201.9 210.3 Public and publicly guaranteed 120.7 144.2 150.9 148.1 137.1 132.9 125.3 117.8 Private nonguaranteed 31.5 7.0 7.0 25.9 25.8 21.5 76.6 92.4 Use of IMF credit 0.9 0.9 1.0 1.0 1.0 15.5 24.9 34.4 Short-term external debt 3.2 15.3 15.6 3.4 3.1 2.5 4.0 10.9 interest arrears on long-term 1.8 12.3 13.6 3.4 3.1 1.5 4.0 8.9 Memorandum items Principal arrears on long-term 3.3 11.4 13.7 13.0 9.4 8.9 9.1 14.9 Long-term public sector debt 120.7 144.2 150.9 148.1 137.1 132.9 125.3 117.8 Long-term private sector debt 31.5 7.0 7.0 25.9 25.8 21.5 76.6 92.4 Public & publicly guaranteed commitments 4.0 0.4 0.6 0.0 0.0 0.0 0.0 0.0 External debt flows Disbursements 3.4 5.7 5.1 24.5 1.1 13.7 46.4 37.1 Long-term external debt 3.4 5.7 5.1 24.5 1.1 13.7 36.8 27.3 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 9.5 9.9 Principal repayments 6.2 10.0 2.8 10.7 10.8 7.6 17.5 12.6 Long-term external debt 6.2 10.0 2.8 10.7 10.8 7.6 17.5 12.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -4.4 -2.3 1.2 11.8 -9.7 7.1 27.9 26.5 Long-term external debt -2.9 -4.3 2.2 13.8 -9.7 6.1 19.4 14.7 Short-term external debt -1.5 2.0 -1.0 -2.0 0.0 1.0 -1.0 2.0 Interest payments 2.9 4.1 1.5 3.3 4.4 2.4 3.2 2.7 Long-term external debt 2.7 3.9 1.3 3.2 4.3 2.4 3.2 2.6 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 13.0 0.5 20.5 42.8 90.6 115.4 121.6 146.4 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.1 7.6 9.2 7.2 7.3 5.1 3.7 Japanese yen 3.4 2.8 2.6 0.0 0.0 0.0 0.0 0.0 Pound sterling 2.9 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 67.1 73.7 73.9 75.4 78.0 77.7 79.2 80.6 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.0 0.0 0.0 0.0 3.5 0.0 0.0 Maturity (years) 40.0 0.0 0.0 0.0 0.0 24.5 0.0 0.0 Grace period (years) 10.5 0.0 0.0 0.0 0.0 3.5 0.0 0.0 Private creditors Interest (%) 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 5.1 4.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 435.5 415.5 460.9 549.7 551.5 473.1 554.7 673.3 Exports of goods, services & prim. income 128.8 154.9 179.6 237.7 289.7 247.5 350.5 758.1 Personal transfers & comp. of employees 4.3 7.2 1.9 2.1 1.7 2.5 1.7 2.0 Imports of goods, services & prim. income 176.4 250.1 294.9 411.4 524.0 492.5 686.4 822.4 Primary income on FDI 8.3 5.3 23.6 41.0 103.5 135.5 127.0 0.0 Current account balance -41.0 -90.2 -42.7 -80.9 -124.4 -128.7 -204.5 -64.3 International reserves 32.0 94.8 104.1 120.5 88.8 146.0 265.8 412.3 6. Ratios External debt stocks to exports (%) 121.3 108.1 97.2 75.0 57.6 69.7 65.8 33.7 External debt stocks to GNI (%) 35.9 40.3 37.9 32.4 30.3 36.5 41.6 37.9 Debt service to exports (%) 7.1 9.1 2.4 5.9 5.2 4.0 5.9 2.0 Short-term to external debt stocks (%) 2.1 9.1 9.0 1.9 1.8 1.5 1.7 4.2 Multilateral to external debt stocks (%) 64.3 63.9 65.2 68.2 68.1 64.6 45.8 39.1 Reserves to external debt stocks (%) 20.5 56.7 59.6 67.6 53.2 84.7 115.2 161.4 Reserves to imports (months) 2.2 4.5 4.2 3.5 2.0 3.6 4.6 6.0 254 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 152.1 151.2 157.9 173.9 162.8 154.4 201.9 210.3 Public and publicly guaranteed 120.7 144.2 150.9 148.1 137.1 132.9 125.3 117.8 Official creditors 117.3 143.8 149.9 147.5 136.6 132.7 125.2 117.8 Multilateral 100.4 107.0 113.7 121.7 113.7 111.5 105.6 99.9 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 38.4 43.4 44.9 45.8 44.5 43.7 41.7 40.4 Bilateral 16.9 36.8 36.2 25.8 23.0 21.2 19.6 18.0 Private creditors 3.4 0.4 1.0 0.6 0.4 0.2 0.1 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 31.5 7.0 7.0 25.9 25.8 21.5 76.6 92.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 3.4 5.7 5.1 24.5 1.1 13.7 36.8 27.3 Public and publicly guaranteed 3.4 5.7 5.1 4.5 0.1 0.0 0.0 0.0 Official creditors 3.4 5.3 4.4 4.5 0.1 0.0 0.0 0.0 Multilateral 1.4 5.3 4.4 4.5 0.1 0.0 0.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.6 0.9 0.3 0.0 0.0 0.0 0.0 0.0 Bilateral 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.4 0.6 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 20.0 1.0 13.7 36.8 27.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 6.2 10.0 2.8 10.7 10.8 7.6 17.5 12.6 Public and publicly guaranteed 2.7 5.8 2.8 8.3 10.8 6.5 8.6 6.6 Official creditors 2.7 3.2 2.8 7.9 10.7 6.3 8.4 6.5 Multilateral 1.1 2.0 2.1 2.6 7.8 4.6 6.8 4.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.8 0.9 1.0 1.0 1.1 1.2 1.3 Bilateral 1.6 1.2 0.6 5.3 2.8 1.7 1.6 1.7 Private creditors 0.0 2.6 0.1 0.4 0.1 0.2 0.2 0.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 3.5 4.2 0.0 2.4 0.0 1.1 8.9 6.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 2.7 3.9 1.3 3.2 4.3 2.4 3.2 2.6 Public and publicly guaranteed 0.8 1.7 1.3 3.2 4.3 1.8 1.7 1.7 Official creditors 0.8 1.7 1.3 3.2 4.3 1.8 1.7 1.7 Multilateral 0.7 0.8 0.8 0.9 2.8 1.0 1.0 1.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.3 0.3 0.3 0.4 0.3 0.3 0.3 Bilateral 0.1 0.9 0.4 2.3 1.5 0.8 0.7 0.7 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 1.9 2.3 0.0 0.0 0.0 0.5 1.5 0.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -9.7 -10.7 7.1 3.8 -11.4 5.5 58.3 24.7 Net flows on external debt -4.4 -2.3 1.2 11.8 -9.7 7.1 27.9 26.5 9. Debt restructurings Total amount rescheduled 7.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 8.1 0.0 4.9 0.0 0.0 0.0 1.9 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 6.7 6.6 6.9 6.5 6.5 6.2 5.9 5.8 Interest 1.7 1.6 1.5 1.4 1.3 1.2 1.1 1.4 Private creditors Principal 8.6 8.6 8.6 8.6 8.6 8.6 8.6 8.6 Interest 0.6 0.6 0.5 0.4 0.3 0.3 0.2 0.1 Notes: Short-term debt is based on data from the BIS. 255 SOMALIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2,579 2,770 2,858 2,965 2,970 3,046 3,045 3,050 Long-term external debt 1,825 1,882 1,923 1,979 1,983 1,987 1,990 1,992 Public and publicly guaranteed 1,825 1,882 1,923 1,979 1,983 1,987 1,990 1,992 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 164 180 189 199 194 248 244 243 Short-term external debt 591 709 747 788 793 810 811 815 interest arrears on long-term 569 709 747 788 793 810 811 815 Memorandum items Principal arrears on long-term 1,241 1,460 1,523 1,597 1,628 1,665 1,700 1,719 Long-term public sector debt 1,825 1,882 1,923 1,979 1,983 1,987 1,990 1,992 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 0 0 0 0 0 0 0 0 External debt flows Disbursements 0 0 0 0 0 0 0 0 Long-term external debt 0 0 0 0 0 0 0 0 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 0 0 0 0 0 0 0 0 Long-term external debt 0 0 0 0 0 0 0 0 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -7 0 0 0 0 0 0 0 Long-term external debt 0 0 0 0 0 0 0 0 Short-term external debt -7 0 0 0 0 0 0 0 Interest payments 1 1 1 1 2 0 0 0 Long-term external debt 0 0 0 0 0 0 0 0 IMF charges 1 1 1 1 2 0 0 0 Short-term external debt 0 0 0 0 0 0 0 0 2. Other non-debt resource inflows Foreign direct investment 0 24 96 141 87 108 112 102 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.6 6.1 6.6 6.3 6.5 6.0 5.8 Japanese yen 3.0 2.8 2.7 2.8 3.5 3.4 3.8 4.0 Pound sterling 0.1 0.1 0.2 0.2 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 52.0 51.8 51.4 50.6 50.4 50.4 50.0 49.9 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) .. .. .. .. .. .. .. .. Exports of goods, services & prim. income .. .. .. .. .. .. .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. .. .. .. .. .. .. Primary income on FDI 0 0 0 0 0 0 0 0 Current account balance .. .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) .. .. .. .. .. .. .. .. Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 22.9 25.6 26.1 26.6 26.7 26.6 26.6 26.7 Multilateral to external debt stocks (%) 27.5 27.3 27.3 27.3 27.0 26.4 26.3 26.2 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 256 SOMALIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1,825 1,882 1,923 1,979 1,983 1,987 1,990 1,992 Public and publicly guaranteed 1,825 1,882 1,923 1,979 1,983 1,987 1,990 1,992 Official creditors 1,792 1,846 1,886 1,940 1,946 1,950 1,954 1,955 Multilateral 709 755 779 808 803 805 801 800 of which: IBRD 0 0 0 0 0 0 0 0 IDA 396 422 435 448 446 448 443 442 Bilateral 1,083 1,091 1,107 1,132 1,143 1,145 1,153 1,155 Private creditors 33 35 37 38 37 38 37 36 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 0 0 0 0 0 0 0 0 Public and publicly guaranteed 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Multilateral 0 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 0 0 0 0 0 0 0 0 Public and publicly guaranteed 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Multilateral 0 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 0 0 0 0 0 0 0 0 Public and publicly guaranteed 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Multilateral 0 0 0 0 0 0 0 0 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -45 -100 88 107 5 76 0 5 Net flows on external debt -7 0 0 0 0 0 0 0 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 34 33 34 29 28 29 26 26 Interest 6 5 5 5 4 4 4 3 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term public and publicly guaranteed debt data are World Bank staff estimates based on the original terms of the loans. 257 SOUTH AFRICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 25,148 48,044 55,999 69,364 68,052 77,275 102,348 113,512 Long-term external debt 15,308 33,453 35,101 44,972 42,251 53,190 77,869 91,909 Public and publicly guaranteed 9,088 21,834 20,542 19,707 20,016 24,658 39,017 46,669 Private nonguaranteed 6,220 11,619 14,559 25,265 22,235 28,532 38,852 45,240 Use of IMF credit 287 315 332 348 339 2,799 2,750 2,741 Short-term external debt 9,553 14,276 20,566 24,044 25,462 21,286 21,730 18,862 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 8,054 21,834 20,542 19,707 20,016 24,658 39,017 46,669 Long-term private sector debt 7,254 11,619 14,559 25,265 22,235 28,532 38,852 45,240 Public & publicly guaranteed commitments 2,223 2,270 1,876 1,870 1,216 7,578 6,614 3,773 External debt flows Disbursements 3,611 5,641 4,877 8,727 1,871 4,339 5,698 8,036 Long-term external debt 3,611 5,641 4,877 8,727 1,871 4,339 5,698 8,036 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,631 3,124 4,921 2,306 3,677 2,127 2,608 2,482 Long-term external debt 2,631 3,124 4,921 2,306 3,677 2,127 2,608 2,482 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -282 5,597 6,246 9,899 -388 -1,964 3,534 2,686 Long-term external debt 980 2,516 -44 6,421 -1,806 2,212 3,090 5,554 Short-term external debt -1,262 3,081 6,290 3,478 1,418 -4,176 444 -2,868 Interest payments 1,268 1,848 2,299 2,550 2,360 2,314 3,636 4,023 Long-term external debt 746 1,321 1,670 1,694 1,623 1,557 2,949 3,420 IMF charges 13 10 13 12 3 6 9 3 Short-term external debt 509 518 615 844 734 751 678 599 2. Other non-debt resource inflows Foreign direct investment 969 6,522 -184 5,737 9,645 5,354 1,224 5,718 Portfolio equity 4,169 7,230 14,959 8,670 -4,707 9,364 5,826 -3,769 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 9.6 20.9 19.1 14.2 11.9 7.0 5.7 Japanese yen 3.8 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 92.0 55.9 45.4 51.1 53.5 49.8 36.6 40.9 4. Average terms of new commitments Official creditors Interest (%) 5.9 0.0 0.0 0.0 0.0 1.2 0.8 0.5 Maturity (years) 12.3 0.0 0.0 0.0 0.0 19.7 28.1 19.9 Grace period (years) 4.0 0.0 0.0 0.0 0.0 5.2 7.1 5.4 Private creditors Interest (%) 6.1 3.9 6.5 6.8 3.4 6.9 4.1 5.5 Maturity (years) 9.8 6.4 8.9 10.1 2.8 10.0 9.1 10.0 Grace period (years) 2.3 2.9 8.9 9.9 0.8 10.0 7.2 10.0 5. Major economic aggregates Gross national income (GNI) 129,704 242,122 255,872 276,404 264,928 276,697 356,294 399,069 Exports of goods, services & prim. income 39,507 72,202 84,117 97,135 104,867 82,551 104,355 122,985 Personal transfers & comp. of employees 344 658 734 834 823 902 1,119 1,254 Imports of goods, services & prim. income 38,771 78,267 95,499 114,803 122,618 91,193 112,194 134,696 Primary income on FDI 2,329 4,320 4,843 8,666 8,031 5,279 6,165 8,375 Current account balance -191 -8,518 -13,745 -20,018 -20,083 -11,327 -10,117 -13,683 International reserves 6,083 18,579 23,057 29,589 30,584 35,237 38,175 42,595 6. Ratios External debt stocks to exports (%) 63.7 66.5 66.6 71.4 64.9 93.6 98.1 92.3 External debt stocks to GNI (%) 19.4 19.8 21.9 25.1 25.7 27.9 28.7 28.4 Debt service to exports (%) 9.9 6.9 8.6 5.0 5.8 5.4 6.0 5.3 Short-term to external debt stocks (%) 38.0 29.7 36.7 34.7 37.4 27.5 21.2 16.6 Multilateral to external debt stocks (%) 0.6 0.6 0.6 0.4 0.4 0.3 1.1 1.3 Reserves to external debt stocks (%) 24.2 38.7 41.2 42.7 44.9 45.6 37.3 37.5 Reserves to imports (months) 1.9 2.8 2.9 3.1 3.0 4.6 4.1 3.8 258 SOUTH AFRICA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 15,308 33,453 35,101 44,972 42,251 53,190 77,869 91,909 Public and publicly guaranteed 9,088 21,834 20,542 19,707 20,016 24,658 39,017 46,669 Official creditors 145 286 316 291 259 227 1,139 1,449 Multilateral 145 286 316 291 259 227 1,139 1,449 of which: IBRD 3 31 29 27 26 21 384 583 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 8,943 21,547 20,226 19,416 19,757 24,430 37,878 45,220 of which: Bonds 4,749 13,333 13,419 13,199 13,663 18,508 32,329 38,548 Commercial banks 1,973 7,271 6,009 5,563 5,585 5,559 5,331 6,423 Private nonguaranteed 6,220 11,619 14,559 25,265 22,235 28,532 38,852 45,240 of which: Bonds 1,110 1,307 1,484 6,715 6,017 6,049 5,471 6,604 Disbursements 3,611 5,641 4,877 8,727 1,871 4,339 5,698 8,036 Public and publicly guaranteed 1,597 2,678 2,075 1,870 1,219 2,332 3,777 5,050 Official creditors 91 58 49 0 3 32 913 490 Multilateral 91 58 49 0 3 32 913 490 of which: IBRD 3 9 0 0 3 0 371 208 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 1,506 2,620 2,026 1,870 1,216 2,300 2,864 4,560 of which: Bonds 765 0 1,876 1,670 0 2,000 2,000 3,500 Commercial banks 420 2,620 150 200 1,216 300 864 1,060 Private nonguaranteed 2,014 2,963 2,802 6,857 652 2,007 1,921 2,986 of which: Bonds 712 1,307 0 5,587 0 0 0 1,233 Principal repayments 2,631 3,124 4,921 2,306 3,677 2,127 2,608 2,482 Public and publicly guaranteed 1,649 2,870 2,819 808 2,353 1,419 1,278 1,165 Official creditors 0 27 26 26 26 38 40 42 Multilateral 0 27 26 26 26 38 40 42 of which: IBRD 0 1 2 3 3 5 8 8 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 1,649 2,844 2,793 782 2,327 1,381 1,238 1,123 of which: Bonds 306 1,091 1,391 175 888 250 0 104 Commercial banks 949 1,608 1,257 462 1,294 986 1,093 947 Private nonguaranteed 982 254 2,102 1,498 1,324 708 1,330 1,317 of which: Bonds 0 0 0 1,390 698 0 578 100 Interest payments 746 1,321 1,670 1,694 1,623 1,557 2,949 3,420 Public and publicly guaranteed 549 1,109 1,373 1,281 1,192 1,097 1,573 2,062 Official creditors 1 12 15 18 16 10 20 40 Multilateral 1 12 15 18 16 10 20 40 of which: IBRD 0 1 1 1 1 1 10 4 IDA 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Private creditors 548 1,098 1,359 1,264 1,176 1,087 1,553 2,023 of which: Bonds 278 822 896 885 894 953 1,488 1,970 Commercial banks 130 212 408 333 244 105 45 42 Private nonguaranteed 196 212 297 413 431 460 1,377 1,358 of which: Bonds 27 61 89 132 241 241 1,027 1,108 8. Debt stock-flow reconciliation Total change in external debt stocks 914 6,469 7,955 13,366 -1,312 9,223 25,074 11,164 Net flows on external debt -282 5,597 6,246 9,899 -388 -1,964 3,534 2,686 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 1,222 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 37 25 23 187 187 369 369 359 Interest 19 30 40 48 53 55 54 51 Private creditors Principal 10,400 8,309 5,355 2,833 3,439 1,983 1,661 2,000 Interest 2,195 1,775 1,347 1,092 896 740 654 579 Notes: Long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt data are World Bank staff estimates based on reports provided by the country. 259 SRI LANKA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 9,173 11,472 11,992 14,479 15,723 17,857 21,153 23,984 Long-term external debt 8,236 9,997 10,786 12,473 13,345 14,642 17,392 19,746 Public and publicly guaranteed 7,868 9,609 10,293 11,834 12,611 13,676 16,473 18,733 Private nonguaranteed 368 388 493 639 734 967 919 1,013 Use of IMF credit 253 483 351 363 278 1,341 1,920 2,325 Short-term external debt 685 992 855 1,643 2,100 1,873 1,841 1,913 interest arrears on long-term 112 0 0 11 13 24 28 53 Memorandum items Principal arrears on long-term 216 0 0 9 12 71 81 89 Long-term public sector debt 7,760 9,609 10,293 11,834 12,611 13,676 16,473 18,733 Long-term private sector debt 476 388 493 639 734 967 919 1,013 Public & publicly guaranteed commitments 448 938 1,208 2,190 1,975 2,447 4,178 2,948 External debt flows Disbursements 732 1,082 1,049 1,698 1,238 2,846 3,717 3,411 Long-term external debt 732 929 1,049 1,698 1,238 2,209 3,086 2,976 IMF purchases 0 153 0 0 0 638 631 435 Principal repayments 539 266 660 539 882 1,064 749 811 Long-term external debt 453 228 507 534 804 967 715 798 IMF repurchases 86 38 154 5 78 97 34 12 Net flows -25 1,160 252 1,935 811 1,545 2,931 2,647 Long-term external debt 279 702 542 1,164 435 1,242 2,370 2,177 Short-term external debt -218 344 -137 777 455 -238 -36 47 Interest payments 252 157 271 301 350 354 652 503 Long-term external debt 213 106 208 218 286 325 616 446 IMF charges 5 14 17 14 9 4 12 24 Short-term external debt 34 37 46 69 56 25 24 33 2. Other non-debt resource inflows Foreign direct investment 173 272 480 603 752 404 478 956 Portfolio equity .. -216 -304 -322 -488 -382 -1,049 -623 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.8 9.1 9.5 9.2 9.5 8.0 6.9 Japanese yen 30.0 30.4 29.1 26.2 31.4 29.3 28.2 26.6 Pound sterling 0.5 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 38.4 40.8 41.1 44.3 40.4 42.7 47.7 51.7 4. Average terms of new commitments Official creditors Interest (%) 2.4 1.6 3.0 3.3 2.1 2.5 1.9 1.7 Maturity (years) 32.0 28.1 24.3 23.5 21.0 20.7 21.7 25.0 Grace period (years) 8.5 7.4 7.0 7.0 7.6 5.5 6.3 4.4 Private creditors Interest (%) 6.6 5.4 4.8 7.4 3.1 7.2 5.7 5.9 Maturity (years) 10.4 8.4 7.5 5.9 9.9 5.6 10.1 9.9 Grace period (years) 1.3 3.0 3.3 4.0 3.4 5.1 8.9 9.3 5. Major economic aggregates Gross national income (GNI) 16,016 24,107 27,879 31,998 39,746 41,583 48,950 58,521 Exports of goods, services & prim. income 6,527 7,963 8,819 9,864 10,338 9,099 11,423 14,109 Personal transfers & comp. of employees 1,166 1,976 2,167 2,507 2,925 3,337 4,123 5,153 Imports of goods, services & prim. income 8,554 10,441 12,321 13,575 16,889 12,318 16,159 23,368 Primary income on FDI 109 115 362 349 470 230 303 385 Current account balance -1,044 -650 -1,498 -1,401 -3,885 -215 -1,075 -4,615 International reserves 1,039 2,650 2,726 3,380 2,469 4,616 6,710 6,248 6. Ratios External debt stocks to exports (%) 140.5 144.1 136.0 146.8 152.1 196.3 185.2 170.0 External debt stocks to GNI (%) 57.3 47.6 43.0 45.3 39.6 42.9 43.2 41.0 Debt service to exports (%) 12.1 5.3 10.6 8.5 11.9 15.6 12.3 9.3 Short-term to external debt stocks (%) 7.5 8.6 7.1 11.4 13.4 10.5 8.7 8.0 Multilateral to external debt stocks (%) 37.2 39.7 41.2 37.0 35.4 32.9 28.7 26.4 Reserves to external debt stocks (%) 11.3 23.1 22.7 23.3 15.7 25.9 31.7 26.1 Reserves to imports (months) 1.5 3.0 2.7 3.0 1.8 4.5 5.0 3.2 260 SRI LANKA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 8,236 9,997 10,786 12,473 13,345 14,642 17,392 19,746 Public and publicly guaranteed 7,868 9,609 10,293 11,834 12,611 13,676 16,473 18,733 Official creditors 6,928 8,982 9,581 10,372 11,285 11,933 13,603 14,791 Multilateral 3,412 4,554 4,945 5,362 5,559 5,875 6,079 6,331 of which: IBRD 13 0 0 0 0 0 0 0 IDA 1,610 2,095 2,245 2,357 2,381 2,487 2,531 2,652 Bilateral 3,516 4,427 4,636 5,009 5,725 6,058 7,524 8,459 Private creditors 940 627 712 1,462 1,327 1,743 2,870 3,943 of which: Bonds 65 65 65 565 500 1,000 2,000 3,000 Commercial banks 356 455 577 821 755 672 783 825 Private nonguaranteed 368 388 493 639 734 967 919 1,013 of which: Bonds 0 100 100 100 100 0 0 0 Disbursements 732 929 1,049 1,698 1,238 2,209 3,086 2,976 Public and publicly guaranteed 563 818 918 1,524 1,083 1,822 2,989 2,732 Official creditors 348 670 767 754 789 1,160 1,805 1,594 Multilateral 123 347 328 266 374 424 468 488 of which: IBRD 0 0 0 0 0 0 0 0 IDA 47 113 100 74 95 147 142 201 Bilateral 225 322 439 488 415 736 1,337 1,105 Private creditors 215 149 151 769 293 662 1,183 1,138 of which: Bonds 0 0 0 500 0 500 1,000 1,000 Commercial banks 42 143 151 269 293 155 167 101 Private nonguaranteed 169 111 131 174 156 387 97 244 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 453 228 507 534 804 967 715 798 Public and publicly guaranteed 439 209 481 506 743 812 570 644 Official creditors 216 123 399 449 518 555 507 581 Multilateral 50 84 100 114 146 163 174 213 of which: IBRD 5 1 0 0 0 0 0 0 IDA 18 40 43 49 55 56 59 69 Bilateral 167 39 299 335 372 393 333 368 Private creditors 223 86 82 57 224 257 64 64 of which: Bonds 50 0 0 0 65 0 0 0 Commercial banks 94 53 45 49 151 250 56 55 Private nonguaranteed 14 19 26 28 61 154 145 154 of which: Bonds 0 0 0 0 0 100 0 0 Interest payments 213 106 208 218 286 325 616 446 Public and publicly guaranteed 178 84 184 191 251 285 596 403 Official creditors 125 65 156 164 178 227 308 266 Multilateral 32 46 58 57 65 58 54 62 of which: IBRD 1 0 0 0 0 0 0 0 IDA 12 17 17 17 19 17 18 20 Bilateral 93 19 99 108 113 170 254 204 Private creditors 54 19 28 27 73 58 288 137 of which: Bonds 6 4 5 0 46 43 72 124 Commercial banks 28 12 20 26 25 14 12 13 Private nonguaranteed 35 22 24 26 35 40 20 43 of which: Bonds 0 7 7 7 7 7 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -718 323 520 2,488 1,244 2,134 3,296 2,831 Net flows on external debt -25 1,160 252 1,935 811 1,545 2,931 2,647 9. Debt restructurings Total amount rescheduled 0 265 0 0 0 0 0 0 Total amount forgiven 9 2 0 1 8 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 830 825 962 1,102 1,180 1,201 1,208 1,204 Interest 276 294 298 289 275 259 242 220 Private creditors Principal 884 324 286 716 186 155 158 125 Interest 308 221 208 178 152 145 140 135 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates. 261 ST. LUCIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 222.2 415.7 369.1 474.9 832.8 433.1 579.8 448.0 Long-term external debt 153.5 238.6 250.9 300.4 316.7 314.9 321.4 309.9 Public and publicly guaranteed 153.5 238.6 250.9 300.4 316.7 314.9 321.4 309.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 1.0 1.1 1.1 1.2 1.1 33.6 33.0 41.2 Short-term external debt 67.8 176.0 117.0 173.3 514.9 84.6 225.3 96.9 interest arrears on long-term 0.0 0.0 0.0 0.3 0.9 2.6 5.3 3.9 Memorandum items Principal arrears on long-term 0.0 0.0 0.0 0.4 0.0 2.1 3.5 1.6 Long-term public sector debt 153.5 238.6 250.9 300.4 316.7 314.9 321.4 309.9 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 167.3 8.2 4.4 9.8 38.6 12.6 39.0 21.5 External debt flows Disbursements 48.7 12.6 26.3 24.4 11.6 36.0 36.6 28.3 Long-term external debt 48.7 12.6 26.3 24.4 11.6 25.4 36.6 19.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 10.6 0.0 8.5 Principal repayments 20.9 14.2 17.8 26.4 32.4 27.8 29.9 31.5 Long-term external debt 20.9 14.2 17.8 26.4 32.4 27.8 29.9 31.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 40.3 65.4 -50.5 54.1 320.1 -423.8 144.6 -130.1 Long-term external debt 27.8 -1.6 8.5 -1.9 -20.9 -2.4 6.6 -11.6 Short-term external debt 12.5 67.0 -59.0 56.0 341.0 -432.0 138.0 -127.0 Interest payments 9.2 17.6 16.0 20.4 25.5 15.5 16.3 13.5 Long-term external debt 6.4 12.8 12.2 14.9 15.1 13.4 10.6 11.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 Short-term external debt 2.8 4.8 3.7 5.5 10.3 2.1 5.6 2.2 2. Other non-debt resource inflows Foreign direct investment 53.7 78.2 233.9 271.9 161.2 146.4 110.0 81.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 6.6 6.9 8.1 6.0 5.6 4.3 3.8 Japanese yen 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 2.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 55.0 69.0 65.7 67.5 71.2 71.4 73.4 72.8 4. Average terms of new commitments Official creditors Interest (%) 2.2 2.5 0.0 0.8 2.3 3.4 1.3 1.1 Maturity (years) 22.6 24.9 0.0 34.6 25.7 14.0 28.7 30.9 Grace period (years) 6.4 7.8 0.0 10.1 5.9 0.8 7.8 0.3 Private creditors Interest (%) 8.7 0.0 7.2 0.0 0.0 7.2 0.0 0.0 Maturity (years) 13.2 0.0 10.3 0.0 0.0 6.0 0.0 0.0 Grace period (years) 13.2 0.0 10.3 0.0 0.0 6.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 676.5 808.5 930.2 994.7 1056.1 1057.2 1157.9 1192.0 Exports of goods, services & prim. income 380.6 533.0 451.8 469.5 544.3 560.5 646.7 577.6 Personal transfers & comp. of employees 26.4 27.1 27.8 28.6 28.9 28.0 29.0 29.5 Imports of goods, services & prim. income 494.2 675.5 772.8 827.8 900.4 712.6 844.7 882.0 Primary income on FDI 33.4 51.1 34.0 45.1 52.5 35.3 31.7 32.8 Current account balance -94.8 -129.5 -309.0 -344.7 -339.9 -139.7 -182.8 -283.8 International reserves 78.8 116.4 134.5 153.7 142.8 174.8 206.3 213.4 6. Ratios External debt stocks to exports (%) 58.4 78.0 81.7 101.1 153.0 77.3 89.7 77.6 External debt stocks to GNI (%) 32.9 51.4 39.7 47.7 78.8 41.0 50.1 37.6 Debt service to exports (%) 7.9 6.0 7.5 10.0 10.6 7.7 7.1 7.8 Short-term to external debt stocks (%) 30.5 42.3 31.7 36.5 61.8 19.5 38.9 21.6 Multilateral to external debt stocks (%) 44.8 34.7 42.1 35.8 24.7 49.8 41.0 53.1 Reserves to external debt stocks (%) 35.5 28.0 36.5 32.4 17.1 40.4 35.6 47.6 Reserves to imports (months) 1.9 2.1 2.1 2.2 1.9 2.9 2.9 2.9 262 ST. LUCIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 153.5 238.6 250.9 300.4 316.7 314.9 321.4 309.9 Public and publicly guaranteed 153.5 238.6 250.9 300.4 316.7 314.9 321.4 309.9 Official creditors 120.7 164.6 178.5 201.8 233.1 239.8 258.2 258.6 Multilateral 99.5 144.1 155.6 170.0 206.0 215.7 237.5 237.9 of which: IBRD 6.0 10.3 10.0 17.8 18.2 19.2 20.8 18.0 IDA 11.6 27.2 40.7 46.2 49.2 50.0 59.5 64.0 Bilateral 21.3 20.4 23.0 31.8 27.1 24.1 20.7 20.7 Private creditors 32.8 74.0 72.4 98.6 83.6 75.1 63.3 51.4 of which: Bonds 0.0 0.0 4.4 4.4 4.4 7.8 7.8 7.8 Commercial banks 32.8 74.0 68.0 94.2 79.2 67.3 55.4 43.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 48.7 12.6 26.3 24.4 11.6 25.4 36.6 19.9 Public and publicly guaranteed 48.7 12.6 26.3 24.4 11.6 25.4 36.6 19.9 Official creditors 16.8 12.6 21.9 24.4 11.6 22.0 36.6 19.9 Multilateral 15.7 8.2 17.7 18.5 8.9 22.0 35.1 16.9 of which: IBRD 0.9 1.1 0.7 9.6 2.6 3.8 4.5 0.1 IDA 0.7 3.5 12.2 4.1 3.9 0.9 10.8 5.5 Bilateral 1.1 4.4 4.1 5.9 2.7 0.0 1.5 3.0 Private creditors 31.9 0.0 4.4 0.0 0.0 3.4 0.0 0.0 of which: Bonds 0.0 0.0 4.4 0.0 0.0 3.4 0.0 0.0 Commercial banks 31.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 20.9 14.2 17.8 26.4 32.4 27.8 29.9 31.5 Public and publicly guaranteed 20.9 14.2 17.8 26.4 32.4 27.8 29.9 31.5 Official creditors 11.7 9.5 11.8 14.5 17.5 16.0 18.0 19.6 Multilateral 6.6 7.0 8.4 9.3 11.4 12.6 14.3 16.8 of which: IBRD 0.5 1.0 1.1 1.8 2.3 2.7 2.8 2.7 IDA 0.1 0.3 0.4 0.4 0.4 0.5 0.6 0.7 Bilateral 5.1 2.5 3.4 5.2 6.1 3.4 3.7 2.8 Private creditors 9.2 4.7 6.0 11.9 15.0 11.9 11.9 11.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 9.2 4.7 6.0 11.9 15.0 11.9 11.9 11.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 6.4 12.8 12.2 14.9 15.1 13.4 10.6 11.3 Public and publicly guaranteed 6.4 12.8 12.2 14.9 15.1 13.4 10.6 11.3 Official creditors 5.2 6.3 6.0 6.2 8.3 7.4 7.4 6.7 Multilateral 4.0 5.4 5.1 4.8 7.2 6.4 6.5 6.1 of which: IBRD 0.3 0.5 0.5 0.7 0.9 0.9 0.7 0.7 IDA 0.1 0.2 0.3 0.3 0.4 0.4 0.4 0.5 Bilateral 1.2 0.9 0.9 1.3 1.1 1.0 0.9 0.6 Private creditors 1.2 6.5 6.2 8.7 6.9 6.1 3.2 4.6 of which: Bonds 0.0 0.0 0.2 0.3 0.3 0.3 0.6 0.6 Commercial banks 1.2 6.5 6.0 8.4 6.6 5.8 2.7 4.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 36.9 60.0 -46.6 105.8 357.9 -399.6 146.6 -131.7 Net flows on external debt 40.3 65.4 -50.5 54.1 320.1 -423.8 144.6 -130.1 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 67.5 0.0 0.2 0.2 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 21.4 17.3 17.5 18.2 18.2 17.3 17.0 15.1 Interest 4.8 4.5 4.2 3.8 3.4 3.1 2.7 2.4 Private creditors Principal 10.0 6.9 1.1 28.0 5.2 0.2 0.0 0.0 Interest 4.0 3.3 2.9 1.8 0.2 0.0 0.0 0.0 Notes: Short-term debt is based on data from the BIS. 263 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 195.1 252.6 243.5 201.9 204.6 222.0 273.4 282.8 Long-term external debt 163.3 247.8 242.5 199.8 203.9 203.2 255.5 259.8 Public and publicly guaranteed 163.3 247.8 242.5 199.8 203.9 203.2 255.5 259.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.5 0.5 0.5 0.6 0.5 18.3 17.9 23.0 Short-term external debt 31.4 4.3 0.5 1.6 0.2 0.5 0.0 0.0 interest arrears on long-term 0.4 4.3 0.5 1.6 0.2 0.5 0.0 0.0 Memorandum items Principal arrears on long-term 0.9 3.0 0.3 0.3 0.3 0.8 0.2 0.2 Long-term public sector debt 163.3 247.8 242.5 199.8 203.9 203.2 255.5 259.8 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 1.0 66.4 0.0 0.7 16.0 35.4 59.3 52.6 External debt flows Disbursements 8.5 42.4 14.1 15.4 23.4 26.0 76.2 31.2 Long-term external debt 8.5 42.4 14.1 15.4 23.4 20.2 76.2 25.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 5.8 0.0 5.2 Principal repayments 6.1 15.5 22.1 18.3 18.7 21.4 22.7 21.4 Long-term external debt 6.1 15.5 22.1 18.3 18.7 21.4 22.7 21.4 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 1.6 26.9 -8.0 -2.9 4.7 4.6 53.5 9.7 Long-term external debt 2.4 26.9 -8.0 -2.9 4.7 -1.1 53.5 4.5 Short-term external debt -0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 7.0 8.2 11.2 9.5 10.7 9.8 8.7 8.9 Long-term external debt 5.1 8.2 11.2 9.5 10.7 9.7 8.7 8.9 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term external debt 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 37.7 40.1 109.1 119.4 159.2 104.5 102.9 109.9 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.4 5.8 7.5 6.3 5.6 3.2 2.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 2.9 0.1 0.1 0.1 0.1 0.1 0.1 0.0 Swiss franc 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 82.2 73.8 75.0 71.2 75.0 77.7 85.3 88.4 4. Average terms of new commitments Official creditors Interest (%) 2.5 4.7 0.0 0.8 0.0 2.8 2.5 1.0 Maturity (years) 30.1 18.4 0.0 34.8 0.0 21.5 20.3 25.0 Grace period (years) 10.3 4.6 0.0 10.3 0.0 5.6 4.7 1.8 Private creditors Interest (%) 0.0 7.0 0.0 0.0 8.5 0.0 0.0 0.0 Maturity (years) 0.0 10.0 0.0 0.0 10.0 0.0 0.0 0.0 Grace period (years) 0.0 0.5 0.0 0.0 0.5 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 378.3 521.8 585.3 662.7 676.3 659.3 657.4 671.8 Exports of goods, services & prim. income 182.6 208.9 225.6 225.6 220.3 206.0 196.2 199.3 Personal transfers & comp. of employees 22.5 22.4 25.6 28.9 26.8 29.1 29.1 29.5 Imports of goods, services & prim. income 222.8 329.2 365.2 437.5 463.8 414.7 419.2 417.0 Primary income on FDI 12.7 22.1 23.0 19.6 18.1 12.4 16.2 16.3 Current account balance -23.9 -102.2 -119.4 -191.7 -230.3 -197.3 -213.0 -207.6 International reserves 55.2 69.5 78.7 87.0 83.7 87.8 112.7 89.6 6. Ratios External debt stocks to exports (%) 106.9 120.9 107.9 89.5 92.9 107.7 139.3 141.9 External debt stocks to GNI (%) 51.6 48.4 41.6 30.5 30.3 33.7 41.6 42.1 Debt service to exports (%) 7.2 11.3 14.8 12.3 13.4 15.1 16.0 15.2 Short-term to external debt stocks (%) 16.1 1.7 0.2 0.8 0.1 0.2 .. .. Multilateral to external debt stocks (%) 33.9 32.8 38.4 52.4 52.7 54.5 69.0 73.1 Reserves to external debt stocks (%) 28.3 27.5 32.3 43.1 40.9 39.6 41.2 31.7 Reserves to imports (months) 3.0 2.5 2.6 2.4 2.2 2.5 3.2 2.6 264 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 163.3 247.8 242.5 199.8 203.9 203.2 255.5 259.8 Public and publicly guaranteed 163.3 247.8 242.5 199.8 203.9 203.2 255.5 259.8 Official creditors 104.8 114.8 124.1 135.1 133.3 143.3 206.7 222.0 Multilateral 66.2 82.9 93.4 105.9 107.8 121.0 188.5 206.8 of which: IBRD 0.1 0.9 3.4 3.2 3.0 3.3 5.2 6.8 IDA 7.0 15.3 16.5 18.2 19.3 20.4 21.3 21.7 Bilateral 38.6 31.9 30.6 29.2 25.5 22.4 18.2 15.2 Private creditors 58.5 133.0 118.4 64.7 70.6 59.8 48.7 37.8 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.6 59.9 53.5 47.2 56.1 48.2 40.3 32.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 8.5 42.4 14.1 15.4 23.4 20.2 76.2 25.9 Public and publicly guaranteed 8.5 42.4 14.1 15.4 23.4 20.2 76.2 25.9 Official creditors 8.5 12.4 14.1 15.4 7.4 20.2 76.2 25.9 Multilateral 5.7 11.5 13.7 15.4 7.3 20.2 76.2 25.9 of which: IBRD 0.0 0.0 2.5 0.0 0.1 0.7 2.3 2.3 IDA 0.0 3.3 0.8 1.3 1.6 1.3 1.6 0.8 Bilateral 2.8 0.8 0.4 0.0 0.1 0.0 0.0 0.0 Private creditors 0.0 30.0 0.0 0.0 16.0 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 30.0 0.0 0.0 16.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 6.1 15.5 22.1 18.3 18.7 21.4 22.7 21.4 Public and publicly guaranteed 6.1 15.5 22.1 18.3 18.7 21.4 22.7 21.4 Official creditors 5.7 7.7 7.5 7.1 8.6 10.6 11.6 10.5 Multilateral 3.7 4.9 4.8 4.3 5.2 7.4 8.0 7.5 of which: IBRD 0.0 0.0 0.0 0.2 0.3 0.4 0.4 0.7 IDA 0.1 0.3 0.3 0.3 0.3 0.4 0.4 0.4 Bilateral 2.0 2.8 2.7 2.7 3.4 3.2 3.7 3.0 Private creditors 0.4 7.7 14.6 11.3 10.1 10.7 11.1 10.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.4 0.2 6.4 6.3 7.1 7.9 7.9 7.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 5.1 8.2 11.2 9.5 10.7 9.7 8.7 8.9 Public and publicly guaranteed 5.1 8.2 11.2 9.5 10.7 9.7 8.7 8.9 Official creditors 3.3 3.5 3.7 3.6 5.6 4.4 4.4 5.4 Multilateral 2.1 2.4 2.8 2.8 4.0 3.6 3.8 4.9 of which: IBRD 0.0 0.1 0.1 0.2 0.2 0.2 0.2 0.2 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 Bilateral 1.2 1.0 1.0 0.8 1.7 0.7 0.6 0.6 Private creditors 1.8 4.7 7.5 5.9 5.1 5.4 4.3 3.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 2.1 4.1 3.7 3.8 4.0 3.5 2.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 1.3 24.0 -9.1 -41.5 2.6 17.4 51.5 9.4 Net flows on external debt 1.6 26.9 -8.0 -2.9 4.7 4.6 53.5 9.7 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 42.9 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 17.7 16.2 15.2 17.7 18.3 17.5 16.8 15.4 Interest 4.8 4.7 4.5 4.2 3.9 3.5 3.1 2.7 Private creditors Principal 11.1 10.5 7.6 4.6 1.6 1.6 0.8 0.0 Interest 2.5 1.8 1.1 0.6 0.3 0.2 0.0 0.0 Notes: Short-term debt data are excluded since BIS data include debt liabilities of offshore centers located in the country. BIS short-term debt data for 2009, 2010, and 2011 are $475 million, $480 million, and $385 million respectively. 265 SUDAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 16,085 17,613 18,563 19,633 20,280 21,128 22,233 21,169 Long-term external debt 10,647 11,232 11,922 12,738 13,120 13,707 14,444 15,123 Public and publicly guaranteed 10,151 11,232 11,922 12,738 13,120 13,707 14,444 15,123 Private nonguaranteed 496 0 0 0 0 0 0 0 Use of IMF credit 693 593 596 565 486 682 664 651 Short-term external debt 4,745 5,788 6,044 6,331 6,673 6,740 7,126 5,394 interest arrears on long-term 4,474 5,377 5,708 6,057 6,197 6,523 6,772 4,883 Memorandum items Principal arrears on long-term 7,291 7,753 8,117 8,377 8,247 8,371 8,521 9,748 Long-term public sector debt 10,647 11,232 11,922 12,738 13,120 13,707 14,444 15,123 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 343 358 606 285 1,036 1,104 847 556 External debt flows Disbursements 861 387 549 717 673 971 935 792 Long-term external debt 861 387 549 717 673 971 935 792 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 197 319 236 276 284 373 403 426 Long-term external debt 143 291 209 216 219 362 397 416 IMF repurchases 54 28 27 60 66 11 6 11 Net flows 625 76 238 379 591 339 669 523 Long-term external debt 718 95 339 501 454 609 538 377 Short-term external debt -39 9 -75 -62 202 -259 137 157 Interest payments 51 81 67 105 81 115 89 109 Long-term external debt 42 67 54 87 68 111 83 100 IMF charges 3 3 3 3 1 1 1 0 Short-term external debt 5 12 10 16 12 3 5 8 2. Other non-debt resource inflows Foreign direct investment 392 2,305 3,534 2,426 2,601 1,816 2,064 1,936 Portfolio equity 0 0 -35 -17 0 0 1 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.5 8.8 9.7 9.6 9.6 9.3 8.5 Japanese yen 2.0 1.3 1.2 0.7 0.9 0.6 0.7 0.7 Pound sterling 3.3 3.0 3.2 3.0 2.3 2.4 2.2 2.1 Swiss franc 12.2 13.8 14.0 14.2 14.6 14.4 15.0 14.3 U.S.dollars 60.3 53.6 52.0 50.3 49.1 50.5 50.8 52.0 4. Average terms of new commitments Official creditors Interest (%) 1.7 3.1 3.9 2.2 2.9 3.1 2.8 1.9 Maturity (years) 24.8 16.4 13.5 19.8 20.5 12.5 20.3 25.0 Grace period (years) 4.7 4.8 4.1 5.1 5.5 3.1 4.0 7.1 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 11,303 26,052 34,081 42,631 53,132 50,018 60,403 .. Exports of goods, services & prim. income 1,839 4,982 5,993 9,447 12,207 8,686 11,796 .. Personal transfers & comp. of employees 641 1,016 1,179 1,769 3,100 2,135 1,420 1,478 Imports of goods, services & prim. income 2,594 9,196 12,008 13,098 13,905 12,697 13,770 .. Primary income on FDI 0 1,399 2,093 2,404 2,971 2,065 2,393 0 Current account balance -518 -2,768 -4,811 -3,268 -1,314 -2,998 157 .. International reserves 138 1,869 1,660 1,378 1,399 1,094 1,036 193 6. Ratios External debt stocks to exports (%) 874.8 353.5 309.7 207.8 166.1 243.2 188.5 .. External debt stocks to GNI (%) 142.3 67.6 54.5 46.1 38.2 42.2 36.8 .. Debt service to exports (%) 13.5 8.0 5.1 4.0 3.0 5.6 4.2 .. Short-term to external debt stocks (%) 29.5 32.9 32.6 32.2 32.9 31.9 32.0 25.5 Multilateral to external debt stocks (%) 12.2 14.6 15.0 15.9 16.2 15.7 15.0 16.5 Reserves to external debt stocks (%) 0.9 10.6 8.9 7.0 6.9 5.2 4.7 0.9 Reserves to imports (months) 0.6 2.4 1.7 1.3 1.2 1.0 0.9 .. 266 SUDAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 10,647 11,232 11,922 12,738 13,120 13,707 14,444 15,123 Public and publicly guaranteed 10,151 11,232 11,922 12,738 13,120 13,707 14,444 15,123 Official creditors 8,393 9,145 9,722 10,405 10,730 11,258 11,815 11,350 Multilateral 1,968 2,580 2,790 3,130 3,280 3,320 3,342 3,489 of which: IBRD 1 0 0 0 0 0 0 0 IDA 1,167 1,234 1,271 1,307 1,300 1,306 1,290 1,287 Bilateral 6,425 6,565 6,933 7,275 7,450 7,938 8,474 7,862 Private creditors 1,758 2,087 2,200 2,333 2,390 2,449 2,629 3,773 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1,296 1,584 1,696 1,829 1,887 1,945 2,125 2,122 Private nonguaranteed 496 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 861 387 549 717 673 971 935 792 Public and publicly guaranteed 861 387 549 717 673 971 935 792 Official creditors 318 387 549 717 673 971 935 792 Multilateral 171 138 150 214 184 127 133 222 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 146 249 398 503 489 844 802 571 Private creditors 543 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 87 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 143 291 209 216 219 362 397 416 Public and publicly guaranteed 143 291 209 216 219 362 397 416 Official creditors 143 291 209 216 219 362 397 416 Multilateral 32 27 15 37 29 73 67 73 of which: IBRD 2 0 0 0 0 0 0 0 IDA 2 1 2 0 1 0 0 0 Bilateral 111 264 194 179 189 290 330 343 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 42 67 54 87 68 111 83 100 Public and publicly guaranteed 42 67 54 87 68 111 83 100 Official creditors 42 67 54 87 68 111 83 100 Multilateral 16 23 12 42 35 45 32 34 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 1 1 0 2 0 0 0 Bilateral 26 43 42 45 33 67 51 67 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -119 -774 949 1,071 646 848 1,105 -1,065 Net flows on external debt 625 76 238 379 591 339 669 523 9. Debt restructurings Total amount rescheduled 8 0 0 0 0 0 259 0 Total amount forgiven 0 15 0 52 108 52 0 811 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 700 612 632 578 507 466 449 419 Interest 152 146 147 141 130 124 115 106 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term public and publicly guaranteed debt data exclude penalty interest. Short-term debt is based on data from the BIS. 267 SWAZILAND (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 273.2 451.5 423.5 414.3 436.9 493.5 690.2 604.5 Long-term external debt 262.9 362.2 364.7 368.6 355.0 390.8 385.2 343.8 Public and publicly guaranteed 262.9 362.2 364.7 368.6 355.0 390.8 385.2 343.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 8.4 9.2 9.7 10.2 9.9 75.7 74.4 74.1 Short-term external debt 1.8 80.1 49.1 35.5 72.0 27.0 230.7 186.6 interest arrears on long-term 0.0 15.1 18.1 5.5 15.0 25.0 35.7 33.6 Memorandum items Principal arrears on long-term 0.2 7.1 10.6 6.2 11.5 22.3 29.6 31.4 Long-term public sector debt 262.9 362.2 364.7 368.6 355.0 390.8 385.2 343.8 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.7 0.0 6.6 0.0 0.1 24.2 0.1 46.9 External debt flows Disbursements 15.8 51.1 22.9 12.4 56.6 33.2 8.0 10.1 Long-term external debt 15.8 51.1 22.9 12.4 56.6 33.2 8.0 10.1 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 12.4 18.1 17.4 22.4 33.5 28.4 26.9 23.6 Long-term external debt 12.4 18.1 17.4 22.4 33.5 28.4 26.9 23.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -47.5 54.1 -28.5 -11.0 50.1 -50.2 174.1 -55.6 Long-term external debt 3.4 33.1 5.5 -10.0 23.1 4.8 -18.9 -13.6 Short-term external debt -50.9 21.0 -34.0 -1.0 27.0 -55.0 193.0 -42.0 Interest payments 18.5 16.7 18.5 25.1 21.0 16.1 15.9 19.3 Long-term external debt 16.1 13.6 15.1 23.4 18.8 15.8 13.0 16.4 IMF charges 0.4 0.3 0.4 0.3 0.1 0.2 0.2 0.1 Short-term external debt 2.1 2.8 3.1 1.4 2.1 0.1 2.7 2.8 2. Other non-debt resource inflows Foreign direct investment 90.7 -45.9 121.0 37.5 105.7 65.7 135.7 94.8 Portfolio equity 1.4 0.8 5.5 1.0 43.9 -6.6 4.7 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 11.5 11.7 12.2 18.3 17.6 15.6 16.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 10.4 16.5 15.6 14.5 14.1 15.6 15.0 15.4 4. Average terms of new commitments Official creditors Interest (%) 3.0 0.0 2.5 0.0 2.8 3.0 4.0 0.8 Maturity (years) 40.2 0.0 21.8 0.0 41.4 27.6 19.9 18.9 Grace period (years) 27.2 0.0 4.3 0.0 10.8 4.8 5.4 4.4 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1558.7 2762.4 2961.9 3094.9 3014.6 2827.0 3471.5 3897.0 Exports of goods, services & prim. income 1376.4 2075.9 2079.5 2399.7 2042.3 2066.2 2275.3 2229.4 Personal transfers & comp. of employees 56.9 95.4 95.7 95.1 89.6 93.5 54.7 54.7 Imports of goods, services & prim. income 1522.9 2276.0 2407.6 2659.2 2483.4 2672.4 3063.4 2909.3 Primary income on FDI 65.9 44.0 167.0 160.0 252.7 352.5 401.6 0.0 Current account balance -45.9 -102.6 -196.6 -65.5 -231.2 -414.3 -388.3 -191.8 International reserves 351.8 243.9 372.5 774.2 751.9 958.9 756.3 600.5 6. Ratios External debt stocks to exports (%) 19.8 21.7 20.4 17.3 21.4 23.9 30.3 27.1 External debt stocks to GNI (%) 17.5 16.3 14.3 13.4 14.5 17.5 19.9 15.5 Debt service to exports (%) 2.2 1.7 1.7 2.0 2.7 2.2 1.9 1.9 Short-term to external debt stocks (%) 0.7 17.7 11.6 8.6 16.5 5.5 33.4 30.9 Multilateral to external debt stocks (%) 54.9 53.0 58.1 60.8 55.1 51.6 34.7 35.4 Reserves to external debt stocks (%) 128.8 54.0 88.0 186.9 172.1 194.3 109.6 99.3 Reserves to imports (months) 2.8 1.3 1.9 3.5 3.6 4.3 3.0 2.5 268 SWAZILAND (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 262.9 362.2 364.7 368.6 355.0 390.8 385.2 343.8 Public and publicly guaranteed 262.9 362.2 364.7 368.6 355.0 390.8 385.2 343.8 Official creditors 243.1 338.5 343.2 346.6 338.9 370.5 362.6 325.4 Multilateral 149.9 239.3 246.1 251.7 240.9 254.7 239.8 214.0 of which: IBRD 9.0 23.6 22.4 20.1 14.2 7.6 2.4 1.2 IDA 4.7 3.4 3.2 2.9 2.7 2.4 2.2 1.9 Bilateral 93.2 99.1 97.1 94.9 98.0 115.8 122.8 111.4 Private creditors 19.8 23.7 21.5 22.0 16.1 20.3 22.6 18.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 19.8 23.7 21.5 22.0 16.1 20.3 22.6 18.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 15.8 51.1 22.9 12.4 56.6 33.2 8.0 10.1 Public and publicly guaranteed 15.8 51.1 22.9 12.4 56.6 33.2 8.0 10.1 Official creditors 15.8 51.1 22.9 12.4 56.6 33.2 8.0 10.1 Multilateral 15.8 32.0 19.3 11.9 39.6 20.7 4.3 10.1 of which: IBRD 0.7 1.5 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 0.0 19.2 3.7 0.5 17.0 12.5 3.8 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 12.4 18.1 17.4 22.4 33.5 28.4 26.9 23.6 Public and publicly guaranteed 12.4 18.1 17.4 22.4 33.5 28.4 26.9 23.6 Official creditors 12.4 18.1 17.4 22.4 33.5 28.4 26.9 23.6 Multilateral 8.1 12.6 12.2 14.7 26.1 24.9 24.1 19.7 of which: IBRD 0.9 1.5 1.2 2.3 5.9 6.6 5.2 1.2 IDA 0.3 0.3 0.3 0.3 0.2 0.3 0.3 0.3 Bilateral 4.3 5.5 5.2 7.7 7.4 3.5 2.8 3.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 16.1 13.6 15.1 23.4 18.8 15.8 13.0 16.4 Public and publicly guaranteed 16.1 13.6 15.1 23.4 18.8 15.8 13.0 16.4 Official creditors 10.2 10.5 12.0 20.5 16.3 14.6 13.0 13.6 Multilateral 5.2 9.1 10.7 12.6 13.0 11.7 11.4 10.4 of which: IBRD 0.8 1.0 1.0 1.0 0.8 0.6 0.3 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 5.0 1.4 1.4 7.9 3.3 2.9 1.6 3.2 Private creditors 5.9 3.2 3.0 2.9 2.5 1.2 0.0 2.8 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 5.9 3.2 3.0 2.9 2.5 1.2 0.0 2.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -68.5 18.2 -28.0 -9.2 22.7 56.6 196.7 -85.7 Net flows on external debt -47.5 54.1 -28.5 -11.0 50.1 -50.2 174.1 -55.6 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 30.5 29.1 28.2 26.5 25.7 24.1 23.6 23.2 Interest 9.7 9.0 8.3 7.4 6.6 6.1 5.5 5.0 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 Notes: Short-term debt is based on data from the BIS. 269 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 22,203 5,583 5,561 5,683 5,374 5,674 5,263 4,968 Long-term external debt 16,464 5,025 4,916 4,976 4,737 4,480 4,276 3,998 Public and publicly guaranteed 16,464 5,025 4,916 4,976 4,737 4,480 4,276 3,998 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 48 52 55 58 56 438 430 429 Short-term external debt 5,692 506 590 649 581 756 558 542 interest arrears on long-term 2,372 193 196 142 145 206 217 218 Memorandum items Principal arrears on long-term 8,828 265 270 213 220 226 232 243 Long-term public sector debt 16,464 5,025 4,916 4,976 4,737 4,480 4,276 3,998 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 69 476 330 270 684 576 497 109 External debt flows Disbursements 18 189 210 425 282 281 286 222 Long-term external debt 18 189 210 425 282 281 286 222 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 239 439 689 546 560 499 508 507 Long-term external debt 239 439 689 546 560 499 508 507 IMF repurchases 0 0 0 0 0 0 0 0 Net flows -826 -357 -398 -8 -350 -104 -430 -303 Long-term external debt -221 -250 -479 -121 -279 -218 -221 -286 Short-term external debt -605 -107 81 113 -71 114 -209 -17 Interest payments 249 128 135 141 137 126 118 114 Long-term external debt 127 110 113 114 125 119 111 108 IMF charges 2 2 2 2 0 1 1 0 Short-term external debt 120 16 20 26 11 6 6 5 2. Other non-debt resource inflows Foreign direct investment 270 500 659 1,242 1,466 2,570 1,469 1,059 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 12.4 14.9 21.6 22.4 26.1 27.3 27.0 Japanese yen 4.9 9.7 14.1 13.0 15.5 14.5 15.5 15.5 Pound sterling 0.6 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 84.1 49.1 42.3 36.6 33.3 31.0 28.6 26.7 4. Average terms of new commitments Official creditors Interest (%) 1.0 4.8 1.6 2.0 1.6 1.9 0.0 4.0 Maturity (years) 25.3 18.6 20.1 19.2 19.3 26.8 19.2 25.0 Grace period (years) 5.3 4.3 8.5 4.6 6.0 7.2 4.0 7.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 18,446 27,980 32,394 39,716 51,433 52,828 57,266 .. Exports of goods, services & prim. income 7,190 11,907 13,597 16,211 20,289 16,026 19,919 .. Personal transfers & comp. of employees 180 823 795 1,030 1,325 1,350 1,623 1,988 Imports of goods, services & prim. income 6,614 12,359 13,242 16,572 20,967 18,118 21,235 .. Primary income on FDI 0 1,220 1,165 1,085 1,527 1,301 1,684 0 Current account balance 1,061 299 920 460 472 -1,030 -367 .. International reserves 126 17,347 16,467 17,013 17,062 17,398 19,465 .. 6. Ratios External debt stocks to exports (%) 308.8 46.9 40.9 35.1 26.5 35.4 26.4 .. External debt stocks to GNI (%) 120.4 20.0 17.2 14.3 10.4 10.7 9.2 .. Debt service to exports (%) 6.8 4.8 6.1 4.2 3.4 3.9 3.1 .. Short-term to external debt stocks (%) 25.6 9.1 10.6 11.4 10.8 13.3 10.6 10.9 Multilateral to external debt stocks (%) 2.6 18.2 20.5 26.6 28.7 29.2 32.2 32.8 Reserves to external debt stocks (%) 0.6 310.7 296.1 299.4 317.5 306.6 369.8 .. Reserves to imports (months) 0.2 16.8 14.9 12.3 9.8 11.5 11.0 .. 270 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 16,464 5,025 4,916 4,976 4,737 4,480 4,276 3,998 Public and publicly guaranteed 16,464 5,025 4,916 4,976 4,737 4,480 4,276 3,998 Official creditors 15,502 5,025 4,916 4,976 4,737 4,480 4,276 3,998 Multilateral 576 1,014 1,140 1,514 1,544 1,657 1,696 1,630 of which: IBRD 25 0 0 0 0 0 0 0 IDA 30 22 21 19 18 16 15 14 Bilateral 14,926 4,010 3,776 3,461 3,193 2,824 2,580 2,367 Private creditors 962 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 18 189 210 425 282 281 286 222 Public and publicly guaranteed 18 189 210 425 282 281 286 222 Official creditors 18 189 210 425 282 281 286 222 Multilateral 12 130 177 372 203 232 237 101 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 6 59 33 53 79 49 50 121 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 239 439 689 546 560 499 508 507 Public and publicly guaranteed 239 439 689 546 560 499 508 507 Official creditors 224 428 689 546 560 499 508 507 Multilateral 66 79 92 103 121 125 149 145 of which: IBRD 14 0 0 0 0 0 0 0 IDA 1 1 1 1 1 1 1 1 Bilateral 158 349 598 443 439 373 359 363 Private creditors 16 11 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 127 110 113 114 125 119 111 108 Public and publicly guaranteed 127 110 113 114 125 119 111 108 Official creditors 126 110 113 114 125 119 111 108 Multilateral 82 42 45 50 63 61 60 60 of which: IBRD 57 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 44 68 68 63 62 58 51 49 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -733 -13,442 -22 121 -309 300 -411 -295 Net flows on external debt -826 -357 -398 -8 -350 -104 -430 -303 9. Debt restructurings Total amount rescheduled 566 1,650 0 41 0 0 0 0 Total amount forgiven 0 12,595 0 77 45 28 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 630 656 640 539 431 392 395 365 Interest 109 109 109 105 96 87 78 68 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Long-term public and publicly guaranteed debt data for 2011 are World Bank staff estimates. Short-term debt is based on data from the BIS. 271 TAJIKISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1,141 1,121 1,068 1,344 2,493 2,666 3,082 3,323 Long-term external debt 846 850 871 1,096 2,261 2,423 2,734 2,948 Public and publicly guaranteed 755 826 840 1,063 1,374 1,606 1,806 1,969 Private nonguaranteed 91 24 31 33 887 816 927 979 Use of IMF credit 218 244 168 176 142 170 227 246 Short-term external debt 77 27 29 72 90 74 122 129 interest arrears on long-term 45 2 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 121 23 1 0 0 0 364 299 Long-term public sector debt 755 821 837 1,063 1,374 1,606 1,806 1,969 Long-term private sector debt 91 29 34 33 887 816 927 979 Public & publicly guaranteed commitments 53 87 640 160 105 134 312 56 External debt flows Disbursements 62 136 161 264 379 558 984 745 Long-term external debt 37 108 147 264 379 518 924 725 IMF purchases 25 29 14 0 0 40 60 21 Principal repayments 37 56 39 39 95 424 630 513 Long-term external debt 28 42 39 39 64 409 630 513 IMF repurchases 10 14 0 0 31 15 0 0 Net flows -4 23 126 267 302 119 401 240 Long-term external debt 9 66 108 224 315 109 294 212 Short-term external debt -29 -58 4 43 18 -16 47 7 Interest payments 30 17 29 25 32 42 55 66 Long-term external debt 21 10 23 20 28 41 54 64 IMF charges 7 4 5 5 1 0 0 0 Short-term external debt 2 2 1 1 2 1 1 2 2. Other non-debt resource inflows Foreign direct investment 24 54 339 360 376 16 16 11 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 6.1 5.3 3.9 2.8 2.8 2.6 2.7 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 97.9 86.3 85.7 86.2 86.3 82.9 81.4 81.0 4. Average terms of new commitments Official creditors Interest (%) 3.8 0.7 2.0 1.5 1.4 2.0 1.7 1.9 Maturity (years) 26.4 29.5 20.7 30.5 31.1 21.0 20.6 17.3 Grace period (years) 6.7 7.8 5.3 7.9 11.6 5.6 5.4 5.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 824 2,234 2,729 3,634 5,108 4,907 5,571 6,441 Exports of goods, services & prim. income .. 1,264 1,658 1,728 1,776 1,225 1,526 .. Personal transfers & comp. of employees .. 467 1,019 1,691 2,544 1,748 2,254 2,680 Imports of goods, services & prim. income .. 1,733 2,425 3,780 4,227 3,140 3,422 .. Primary income on FDI .. 2 46 26 4 5 9 .. Current account balance .. -19 -21 -495 48 -180 -383 .. International reserves 93 168 175 40 104 175 324 289 6. Ratios External debt stocks to exports (%) .. 88.7 64.4 77.8 140.3 217.6 201.9 .. External debt stocks to GNI (%) 138.4 50.2 39.1 37.0 48.8 54.3 55.3 51.6 Debt service to exports (%) .. 5.8 4.1 3.7 7.1 38.0 44.9 .. Short-term to external debt stocks (%) 6.8 2.4 2.7 5.4 3.6 2.8 3.9 3.9 Multilateral to external debt stocks (%) 16.3 46.3 56.3 49.6 29.4 31.1 30.7 29.3 Reserves to external debt stocks (%) 8.1 15.0 16.4 3.0 4.2 6.5 10.5 8.7 Reserves to imports (months) .. 1.2 0.9 0.1 0.3 0.7 1.1 .. 272 TAJIKISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 846 850 871 1,096 2,261 2,423 2,734 2,948 Public and publicly guaranteed 755 826 840 1,063 1,374 1,606 1,806 1,969 Official creditors 704 817 837 1,063 1,374 1,606 1,806 1,969 Multilateral 186 519 602 667 733 830 946 973 of which: IBRD 0 0 0 0 0 0 0 0 IDA 143 308 339 360 365 373 377 374 Bilateral 518 298 235 396 641 777 861 996 Private creditors 51 8 3 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 51 0 0 0 0 0 0 0 Private nonguaranteed 91 24 31 33 887 816 927 979 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 37 108 147 264 379 518 924 725 Public and publicly guaranteed 36 105 133 250 356 211 251 202 Official creditors 36 105 133 250 356 211 251 202 Multilateral 36 73 64 52 69 103 147 53 of which: IBRD 0 0 0 0 0 0 0 0 IDA 23 35 16 8 10 9 15 4 Bilateral 0 32 69 198 287 108 104 148 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 1 2 14 14 24 307 673 523 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 28 42 39 39 64 409 630 513 Public and publicly guaranteed 15 37 34 29 52 35 37 34 Official creditors 15 37 30 29 52 35 37 34 Multilateral 0 14 11 12 10 14 16 22 of which: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 1 2 4 4 5 Bilateral 15 22 19 17 42 20 21 12 Private creditors 0 0 3 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 12 5 6 11 12 374 593 479 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 21 10 23 20 28 41 54 64 Public and publicly guaranteed 7 9 21 18 26 24 23 28 Official creditors 4 9 19 18 26 24 23 28 Multilateral 1 6 13 11 13 9 8 10 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1 2 3 3 3 3 3 3 Bilateral 3 3 7 7 12 15 15 18 Private creditors 4 0 2 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 0 0 0 0 0 0 0 Private nonguaranteed 14 1 1 2 2 17 31 36 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -246 -42 -53 276 1,148 174 416 241 Net flows on external debt -4 23 126 267 302 119 401 240 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 2 0 102 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 120 91 95 98 111 112 127 124 Interest 31 30 30 29 28 26 24 22 Private creditors Principal 183 129 116 68 54 41 34 27 Interest 55 40 29 20 15 10 7 4 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates. Data include the effects of MDRI debt relief. 273 TANZANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 7,183 8,400 4,096 5,057 6,012 7,624 8,987 10,044 Long-term external debt 5,969 7,006 3,035 3,925 4,600 5,656 6,824 7,686 Public and publicly guaranteed 5,969 6,446 2,452 3,181 3,711 4,640 5,601 6,438 Private nonguaranteed 0 560 583 744 889 1,016 1,224 1,248 Use of IMF credit 364 387 60 67 66 628 647 643 Short-term external debt 849 1,006 1,001 1,065 1,346 1,341 1,515 1,715 interest arrears on long-term 647 615 595 628 763 836 908 989 Memorandum items Principal arrears on long-term 695 655 405 430 497 523 492 526 Long-term public sector debt 5,917 6,446 2,452 3,181 3,711 4,640 5,601 6,438 Long-term private sector debt 52 560 583 744 889 1,016 1,224 1,248 Public & publicly guaranteed commitments 391 625 848 858 824 823 2,033 969 External debt flows Disbursements 264 474 577 654 523 1,372 1,285 1,177 Long-term external debt 211 466 573 649 523 1,065 1,254 1,177 IMF purchases 53 8 4 4 0 307 30 0 Principal repayments 104 77 36 20 22 105 132 78 Long-term external debt 94 31 36 20 22 105 131 76 IMF repurchases 10 46 0 0 0 0 0 2 Net flows 205 459 556 665 647 1,188 1,255 1,218 Long-term external debt 118 435 537 630 501 960 1,123 1,101 Short-term external debt 44 62 15 31 146 -78 102 119 Interest payments 65 56 53 46 43 59 67 72 Long-term external debt 51 44 39 26 27 45 50 53 IMF charges 3 3 2 2 0 1 1 0 Short-term external debt 10 9 12 19 15 13 16 19 2. Other non-debt resource inflows Foreign direct investment 463 936 403 582 1,383 953 1,023 1,095 Portfolio equity 0 3 3 3 3 3 3 3 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 7.5 6.6 5.6 4.6 3.5 2.9 Japanese yen 7.9 7.0 4.9 4.0 4.3 3.4 5.4 5.5 Pound sterling 8.9 4.8 0.7 0.1 0.1 0.1 0.1 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.9 54.1 46.3 40.1 41.2 44.5 48.1 50.3 4. Average terms of new commitments Official creditors Interest (%) 0.9 1.1 0.8 0.7 0.7 0.8 0.7 0.6 Maturity (years) 38.2 37.0 40.9 41.3 42.5 37.5 38.7 46.8 Grace period (years) 9.8 9.2 10.0 10.1 10.3 9.9 10.7 13.0 Private creditors Interest (%) 0.0 0.0 0.0 4.7 0.0 3.9 0.0 4.2 Maturity (years) 1.0 0.0 0.0 11.1 0.0 3.0 0.0 8.1 Grace period (years) 1.0 0.0 0.0 1.6 0.0 3.0 0.0 2.0 5. Major economic aggregates Gross national income (GNI) 10,114 13,836 14,154 16,666 20,481 21,186 22,772 23,565 Exports of goods, services & prim. income 1,411 3,053 3,526 4,210 5,700 5,314 6,530 7,644 Personal transfers & comp. of employees 8 19 15 25 37 40 55 76 Imports of goods, services & prim. income 2,230 4,641 5,217 6,664 9,098 8,002 9,505 12,537 Primary income on FDI 13 319 25 309 318 342 365 384 Current account balance -428 -1,093 -1,102 -1,715 -2,564 -1,797 -1,924 -3,951 International reserves 974 2,049 2,259 2,886 2,863 3,470 3,905 3,726 6. Ratios External debt stocks to exports (%) 509.0 275.2 116.2 120.1 105.5 143.5 137.6 131.4 External debt stocks to GNI (%) 71.0 60.7 28.9 30.3 29.4 36.0 39.5 42.6 Debt service to exports (%) 11.9 4.4 2.5 1.6 1.1 3.1 3.0 2.0 Short-term to external debt stocks (%) 11.8 12.0 24.4 21.1 22.4 17.6 16.9 17.1 Multilateral to external debt stocks (%) 45.5 58.0 36.2 43.1 44.5 46.9 48.7 47.4 Reserves to external debt stocks (%) 13.6 24.4 55.2 57.1 47.6 45.5 43.4 37.1 Reserves to imports (months) 5.2 5.3 5.2 5.2 3.8 5.2 4.9 3.6 274 TANZANIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,969 7,006 3,035 3,925 4,600 5,656 6,824 7,686 Public and publicly guaranteed 5,969 6,446 2,452 3,181 3,711 4,640 5,601 6,438 Official creditors 5,776 6,341 2,358 3,079 3,613 4,522 5,488 6,030 Multilateral 3,267 4,868 1,484 2,182 2,677 3,573 4,373 4,764 of which: IBRD 11 0 0 0 0 0 0 0 IDA 2,593 3,861 1,056 1,585 1,971 2,598 3,248 3,490 Bilateral 2,508 1,472 873 897 936 949 1,115 1,266 Private creditors 194 105 95 102 98 118 113 408 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 81 66 54 60 57 59 55 351 Private nonguaranteed 0 560 583 744 889 1,016 1,224 1,248 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 211 466 573 649 523 1,065 1,254 1,177 Public and publicly guaranteed 211 466 573 649 523 919 1,038 870 Official creditors 206 447 560 646 523 889 1,021 567 Multilateral 187 444 494 627 523 884 826 437 of which: IBRD 0 0 0 0 0 0 0 0 IDA 142 275 416 475 394 608 653 264 Bilateral 19 3 66 19 0 5 195 130 Private creditors 5 19 13 3 0 30 17 304 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 19 13 3 0 0 17 304 Private nonguaranteed 0 0 0 0 0 146 216 307 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 94 31 36 20 22 105 131 76 Public and publicly guaranteed 94 31 36 20 13 26 52 33 Official creditors 77 31 34 19 13 13 35 26 Multilateral 29 26 27 13 13 13 17 23 of which: IBRD 4 0 0 0 0 0 0 0 IDA 9 15 7 1 1 1 3 5 Bilateral 47 5 7 6 0 0 18 3 Private creditors 17 0 2 1 0 13 17 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 1 0 0 17 7 Private nonguaranteed 0 0 0 0 9 79 79 44 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 51 44 39 26 27 45 50 53 Public and publicly guaranteed 51 42 37 23 21 27 32 39 Official creditors 49 42 35 22 21 24 31 36 Multilateral 23 38 29 17 21 24 29 35 of which: IBRD 1 0 0 0 0 0 0 0 IDA 15 30 19 10 13 15 20 25 Bilateral 26 4 7 6 0 1 2 1 Private creditors 2 0 2 1 0 3 2 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 1 0 0 2 3 Private nonguaranteed 0 2 2 2 6 18 17 14 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -719 -227 -4,304 961 954 1,613 1,363 1,057 Net flows on external debt 205 459 556 665 647 1,188 1,255 1,218 9. Debt restructurings Total amount rescheduled 342 0 0 0 0 0 0 0 Total amount forgiven 588 296 5,202 13 22 3 47 2 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 143 82 93 116 139 163 187 213 Interest 52 55 57 57 57 56 54 53 Private creditors Principal 410 266 288 201 174 143 115 57 Interest 73 58 43 32 23 15 8 3 Notes: Long-term public and publicly guaranteed debt data include debt liabilities of Zanzibar. Long-term private nonguaranteed debt data from 2004 to 2007 are World Bank staff estimates and from 2008 are reported by Central Bank. Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief. 275 THAILAND (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 79,830 46,483 46,028 45,440 50,258 61,209 80,551 80,039 Long-term external debt 61,778 30,348 28,089 27,011 29,672 30,003 32,170 33,562 Public and publicly guaranteed 29,463 14,673 12,551 10,863 10,612 10,314 10,737 10,285 Private nonguaranteed 32,316 15,675 15,538 16,148 19,061 19,689 21,434 23,277 Use of IMF credit 3,172 121 127 134 130 1,521 1,494 1,490 Short-term external debt 14,880 16,014 17,812 18,295 20,455 29,685 46,886 44,988 interest arrears on long-term 0 0 0 0 4 8 2 5 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 29,463 14,673 12,551 10,863 10,612 10,314 10,737 10,285 Long-term private sector debt 32,316 15,675 15,538 16,148 19,061 19,689 21,434 23,277 Public & publicly guaranteed commitments 1,337 2,166 500 511 1,663 803 1,122 300 External debt flows Disbursements 4,031 16,133 13,725 18,130 12,049 8,923 10,565 3,530 Long-term external debt 4,031 16,133 13,725 18,130 12,049 8,923 10,565 3,530 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 9,142 16,553 12,834 20,475 15,014 10,688 9,407 8,878 Long-term external debt 8,945 16,553 12,834 20,475 15,014 10,688 9,407 8,878 IMF repurchases 198 0 0 0 0 0 0 0 Net flows -13,649 4,106 2,689 -1,862 -809 7,461 18,365 -7,249 Long-term external debt -4,913 -420 891 -2,345 -2,965 -1,765 1,158 -5,348 Short-term external debt -8,538 4,526 1,798 483 2,156 9,226 17,207 -1,901 Interest payments 4,854 1,628 1,924 1,753 1,625 1,396 1,556 1,601 Long-term external debt 3,776 1,121 1,158 959 1,154 1,072 1,053 1,113 IMF charges 173 4 5 5 1 3 5 2 Short-term external debt 905 503 761 789 470 321 499 486 2. Other non-debt resource inflows Foreign direct investment 3,366 8,055 9,455 11,327 8,538 4,854 9,679 9,522 Portfolio equity 900 5,121 5,242 4,268 -3,802 1,695 2,606 456 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.0 2.2 2.5 2.2 2.1 1.7 1.3 Japanese yen 46.3 53.6 56.1 58.6 61.4 64.7 66.7 67.5 Pound sterling 0.1 0.1 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 46.3 42.9 40.9 38.0 35.6 32.9 31.4 31.1 4. Average terms of new commitments Official creditors Interest (%) 1.5 1.6 0.0 2.0 1.0 1.0 1.3 0.7 Maturity (years) 38.1 17.5 0.0 17.2 24.7 24.1 21.9 14.3 Grace period (years) 8.2 6.9 0.0 5.2 6.7 6.6 6.4 2.8 Private creditors Interest (%) 1.5 4.3 5.4 5.4 1.4 0.9 1.1 0.0 Maturity (years) 7.5 10.5 5.9 9.9 5.7 12.2 4.9 0.0 Grace period (years) 3.5 9.1 2.3 9.9 5.7 1.2 4.9 0.0 5. Major economic aggregates Gross national income (GNI) 120,809 167,799 198,726 237,961 262,864 253,231 305,181 333,232 Exports of goods, services & prim. income 85,997 131,713 155,829 187,018 214,464 185,974 234,413 275,504 Personal transfers & comp. of employees 1,697 1,187 1,333 1,635 1,898 2,776 3,580 4,024 Imports of goods, services & prim. income 77,269 143,550 158,214 176,914 218,917 169,454 227,346 274,190 Primary income on FDI 0 4,501 4,031 5,798 4,142 3,307 6,039 6,039 Current account balance 9,313 -7,647 2,316 15,678 2,211 21,891 13,099 11,912 International reserves 32,016 50,691 65,291 85,221 108,661 135,483 167,530 167,389 6. Ratios External debt stocks to exports (%) 92.8 35.3 29.5 24.3 23.4 32.9 34.4 29.1 External debt stocks to GNI (%) 66.1 27.7 23.2 19.1 19.1 24.2 26.4 24.0 Debt service to exports (%) 16.3 13.8 9.5 11.9 7.8 6.5 4.7 3.8 Short-term to external debt stocks (%) 18.6 34.5 38.7 40.3 40.7 48.5 58.2 56.2 Multilateral to external debt stocks (%) 6.7 1.8 1.4 0.6 0.5 0.3 0.2 0.3 Reserves to external debt stocks (%) 40.1 109.1 141.9 187.5 216.2 221.3 208.0 209.1 Reserves to imports (months) 5.0 4.2 5.0 5.8 6.0 9.6 8.8 7.3 276 THAILAND (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 61,778 30,348 28,089 27,011 29,672 30,003 32,170 33,562 Public and publicly guaranteed 29,463 14,673 12,551 10,863 10,612 10,314 10,737 10,285 Official creditors 20,820 7,862 7,023 6,297 6,947 6,468 6,843 6,865 Multilateral 5,330 819 632 288 264 208 187 209 of which: IBRD 2,940 386 336 63 65 74 73 67 IDA 90 73 69 66 62 59 56 0 Bilateral 15,489 7,043 6,391 6,009 6,683 6,259 6,656 6,656 Private creditors 8,643 6,811 5,528 4,566 3,664 3,847 3,894 3,420 of which: Bonds 2,630 4,236 3,046 2,566 1,954 1,754 1,954 1,954 Commercial banks 5,116 2,077 2,067 1,673 1,469 1,944 1,851 1,421 Private nonguaranteed 32,316 15,675 15,538 16,148 19,061 19,689 21,434 23,277 of which: Bonds 8,414 4,385 3,535 3,281 3,181 3,040 4,570 5,090 Disbursements 4,031 16,133 13,725 18,130 12,049 8,923 10,565 3,530 Public and publicly guaranteed 3,031 1,871 926 564 598 746 510 483 Official creditors 2,156 434 426 274 74 76 160 483 Multilateral 751 43 36 2 2 13 5 101 of which: IBRD 456 30 31 2 2 13 5 1 IDA 0 0 0 0 0 0 0 0 Bilateral 1,405 391 389 272 73 63 155 381 Private creditors 876 1,436 500 290 524 670 350 0 of which: Bonds 0 936 200 290 524 0 350 0 Commercial banks 455 300 300 0 0 670 0 0 Private nonguaranteed 1,000 14,262 12,799 17,566 11,451 8,177 10,055 3,048 of which: Bonds 0 1,300 735 475 0 0 1,900 700 Principal repayments 8,945 16,553 12,834 20,475 15,014 10,688 9,407 8,878 Public and publicly guaranteed 3,010 2,798 2,800 1,988 2,318 965 915 1,261 Official creditors 1,666 2,321 1,211 1,272 819 468 534 762 Multilateral 753 528 224 351 30 69 27 79 of which: IBRD 181 128 81 275 0 4 7 7 IDA 3 3 3 3 3 3 3 56 Bilateral 912 1,793 987 921 789 399 507 683 Private creditors 1,344 477 1,589 716 1,499 497 381 498 of which: Bonds 174 172 1,308 219 1,192 200 150 0 Commercial banks 1,072 261 179 397 204 205 170 455 Private nonguaranteed 5,935 13,755 10,034 18,488 12,696 9,723 8,493 7,618 of which: Bonds 1,044 908 1,585 729 100 141 370 180 Interest payments 3,776 1,121 1,158 959 1,154 1,072 1,053 1,113 Public and publicly guaranteed 1,577 484 499 397 318 217 208 200 Official creditors 1,008 234 188 155 121 112 113 111 Multilateral 350 54 36 26 9 6 2 2 of which: IBRD 178 29 21 16 3 2 1 1 IDA 1 1 1 1 0 0 0 0 Bilateral 658 180 153 129 112 106 110 108 Private creditors 569 250 311 242 197 105 95 90 of which: Bonds 193 158 188 125 107 60 61 59 Commercial banks 353 77 106 103 79 41 31 28 Private nonguaranteed 2,199 637 658 562 836 855 845 913 of which: Bonds 476 286 268 275 244 251 234 311 8. Debt stock-flow reconciliation Total change in external debt stocks -17,056 -3,082 -455 -588 4,818 10,951 19,342 -512 Net flows on external debt -13,649 4,106 2,689 -1,862 -809 7,461 18,365 -7,249 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 429 463 479 539 573 582 568 551 Interest 126 124 121 114 106 97 87 78 Private creditors Principal 5,683 4,396 3,914 4,118 1,944 1,721 999 817 Interest 1,192 938 699 518 371 272 207 163 277 TOGO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 1443.9 1684.8 1794.3 1966.5 1638.3 1737.1 1241.8 643.1 Long-term external debt 1227.6 1437.5 1538.0 1637.3 1465.6 1489.6 962.1 379.9 Public and publicly guaranteed 1227.6 1437.5 1538.0 1637.3 1465.6 1489.6 962.1 379.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 83.8 29.7 24.7 19.1 65.0 201.2 241.5 254.2 Short-term external debt 132.5 217.7 231.6 310.2 107.7 46.3 38.3 9.0 interest arrears on long-term 62.6 166.7 206.6 234.2 23.7 29.3 9.3 6.0 Memorandum items Principal arrears on long-term 62.1 307.6 364.0 428.7 44.7 40.5 27.4 20.9 Long-term public sector debt 1227.6 1437.5 1538.0 1637.3 1465.6 1489.6 962.1 379.9 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.0 25.6 50.7 20.0 0.0 211.8 65.1 147.7 External debt flows Disbursements 24.4 9.9 48.3 3.1 51.6 75.9 127.7 42.4 Long-term external debt 24.4 9.9 48.3 3.1 2.2 34.6 84.1 28.5 IMF purchases 0.0 0.0 0.0 0.0 49.4 41.3 43.6 13.9 Principal repayments 19.3 19.2 22.4 11.1 141.8 41.5 26.2 9.9 Long-term external debt 9.9 7.9 16.0 4.5 140.1 41.5 26.2 9.9 IMF repurchases 9.4 11.2 6.4 6.7 1.7 0.0 0.0 0.0 Net flows -44.3 15.8 -0.1 43.0 -82.2 -32.6 113.5 6.5 Long-term external debt 14.4 2.0 32.3 -1.3 -137.9 -6.9 57.9 18.7 Short-term external debt -49.4 25.0 -26.0 51.0 8.0 -67.0 12.0 -26.0 Interest payments 10.9 2.1 5.0 5.0 53.4 14.3 8.6 5.0 Long-term external debt 4.6 0.3 1.9 1.5 51.3 13.1 7.9 4.6 IMF charges 1.0 0.6 0.7 0.6 0.2 0.6 0.4 0.1 Short-term external debt 5.3 1.2 2.4 2.9 1.9 0.6 0.3 0.3 2. Other non-debt resource inflows Foreign direct investment 41.9 96.0 91.3 62.3 47.9 46.1 85.8 53.8 Portfolio equity 6.1 16.0 10.4 6.3 1.4 2.1 .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 18.7 19.5 20.4 15.2 15.2 3.4 13.4 Japanese yen 6.2 5.0 4.6 4.5 4.1 4.0 0.0 0.0 Pound sterling 1.6 1.2 1.3 1.2 0.1 0.1 0.0 0.0 Swiss franc 7.8 9.3 9.3 9.5 4.4 4.3 0.0 0.0 U.S.dollars 52.6 49.8 48.3 46.9 58.6 58.1 65.5 37.9 4. Average terms of new commitments Official creditors Interest (%) 0.0 1.7 1.3 1.0 0.0 1.9 1.8 1.7 Maturity (years) 0.0 25.8 20.9 20.1 0.0 21.8 23.5 25.5 Grace period (years) 0.0 6.2 5.0 0.6 0.0 8.1 6.6 7.2 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 1265.3 2079.9 2165.0 2493.2 3148.4 3137.0 3149.6 3561.8 Exports of goods, services & prim. income 456.5 857.3 878.8 974.2 1216.8 1265.0 .. .. Personal transfers & comp. of employees 34.2 192.5 232.2 284.4 337.1 334.5 334.5 346.8 Imports of goods, services & prim. income 664.1 1249.0 1298.8 1468.9 1759.8 1777.3 .. .. Primary income on FDI 17.2 47.2 54.9 44.0 48.7 41.5 .. .. Current account balance -139.6 -203.9 -176.3 -215.8 -219.2 -176.7 -201.5 .. International reserves 140.9 191.5 374.5 438.1 581.8 703.2 714.9 774.3 6. Ratios External debt stocks to exports (%) 316.3 196.5 204.2 201.9 134.6 137.3 .. .. External debt stocks to GNI (%) 114.1 81.0 82.9 78.9 52.0 55.4 39.4 18.1 Debt service to exports (%) 6.6 2.5 3.1 1.7 16.0 4.4 .. .. Short-term to external debt stocks (%) 9.2 12.9 12.9 15.8 6.6 2.7 3.1 1.4 Multilateral to external debt stocks (%) 53.1 52.2 52.5 50.5 51.6 47.6 67.2 34.7 Reserves to external debt stocks (%) 9.8 11.4 20.9 22.3 35.5 40.5 57.6 120.4 Reserves to imports (months) 2.5 1.8 3.5 3.6 4.0 4.7 .. .. 278 TOGO (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 1227.6 1437.5 1538.0 1637.3 1465.6 1489.6 962.1 379.9 Public and publicly guaranteed 1227.6 1437.5 1538.0 1637.3 1465.6 1489.6 962.1 379.9 Official creditors 1227.6 1437.5 1538.0 1637.3 1465.6 1489.6 962.1 379.9 Multilateral 766.5 879.2 941.3 993.0 845.7 826.0 834.8 223.3 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 604.1 667.3 696.4 723.2 604.2 586.1 554.3 0.0 Bilateral 461.1 558.3 596.7 644.2 619.8 663.5 127.3 156.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 24.4 9.9 48.3 3.1 2.2 34.6 84.1 28.5 Public and publicly guaranteed 24.4 9.9 48.3 3.1 2.2 34.6 84.1 28.5 Official creditors 24.4 9.9 48.3 3.1 2.2 34.6 84.1 28.5 Multilateral 20.8 9.9 25.0 3.1 1.9 12.0 47.1 23.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 15.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 3.5 0.0 23.2 0.0 0.3 22.6 37.0 4.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 9.9 7.9 16.0 4.5 140.1 41.5 26.2 9.9 Public and publicly guaranteed 9.9 7.9 16.0 4.5 140.1 41.5 26.2 9.9 Official creditors 9.9 7.9 16.0 4.5 140.1 41.5 26.2 9.9 Multilateral 8.4 1.1 2.1 2.7 139.0 41.1 26.2 8.8 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 5.3 0.0 0.0 0.0 117.0 21.8 22.0 0.0 Bilateral 1.6 6.8 13.8 1.8 1.1 0.4 0.0 1.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 4.6 0.3 1.9 1.5 51.3 13.1 7.9 4.6 Public and publicly guaranteed 4.6 0.3 1.9 1.5 51.3 13.1 7.9 4.6 Official creditors 4.6 0.3 1.9 1.5 51.3 13.1 7.9 4.6 Multilateral 4.5 0.3 0.4 0.9 51.0 12.5 6.8 2.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 3.1 0.0 0.0 0.0 39.6 5.0 4.1 0.0 Bilateral 0.1 0.0 1.4 0.6 0.3 0.6 1.2 2.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -94.5 -151.4 109.5 172.2 -328.2 98.8 -495.3 -598.7 Net flows on external debt -44.3 15.8 -0.1 43.0 -82.2 -32.6 113.5 6.5 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 274.1 34.6 29.7 30.1 Total amount forgiven 0.0 0.0 0.0 0.0 319.0 12.1 581.6 683.8 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 20.6 21.9 24.9 23.3 20.4 23.4 31.1 34.2 Interest 4.9 6.2 7.2 7.7 8.0 8.1 8.0 7.7 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief. 279 TONGA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 73.8 89.0 91.6 96.9 99.0 114.9 153.7 190.6 Long-term external debt 65.0 79.5 81.6 86.5 88.8 104.6 143.5 180.5 Public and publicly guaranteed 65.0 79.5 81.6 86.5 88.8 104.6 143.5 180.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 8.6 9.4 9.9 10.4 10.1 10.3 10.1 10.1 Short-term external debt 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 interest arrears on long-term 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 0.4 0.6 1.3 0.8 0.4 0.7 0.0 0.0 Long-term public sector debt 65.0 79.5 81.6 86.5 88.8 104.6 143.5 180.5 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 0.0 1.0 0.0 57.9 0.0 0.9 43.1 0.0 External debt flows Disbursements 5.4 4.5 2.8 4.5 8.5 17.4 40.9 36.5 Long-term external debt 5.4 4.5 2.8 4.5 8.5 17.4 40.9 36.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 3.7 3.7 3.2 3.6 3.7 2.4 2.7 3.3 Long-term external debt 3.7 3.7 3.2 3.6 3.7 2.4 2.7 3.3 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 1.8 0.9 -0.4 0.9 4.8 14.9 38.2 33.2 Long-term external debt 1.8 0.9 -0.4 0.9 4.8 14.9 38.2 33.2 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 1.3 1.5 1.2 1.5 1.8 1.5 2.4 2.6 Long-term external debt 0.9 1.2 0.8 1.1 1.7 1.4 2.4 2.6 IMF charges 0.4 0.3 0.4 0.3 0.1 0.0 0.0 0.0 Short-term external debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2. Other non-debt resource inflows Foreign direct investment 4.8 7.2 10.1 27.7 4.2 0.0 8.5 10.4 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 7.3 5.8 3.6 0.1 0.1 0.0 0.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.2 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 4.8 28.0 31.2 35.1 33.8 30.3 21.4 16.6 4. Average terms of new commitments Official creditors Interest (%) 0.0 0.8 0.0 2.0 0.0 0.0 2.0 0.0 Maturity (years) 0.0 39.9 0.0 20.8 0.0 0.0 20.2 0.0 Grace period (years) 0.0 10.4 0.0 5.8 0.0 0.0 5.2 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 3.7 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 10.1 11.5 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 191.0 259.6 300.1 312.2 355.5 324.4 361.7 438.3 Exports of goods, services & prim. income .. 59.0 42.0 51.0 59.8 51.9 56.7 66.5 Personal transfers & comp. of employees .. 68.6 78.8 101.0 93.7 71.4 71.5 65.8 Imports of goods, services & prim. income .. 156.8 155.8 181.3 222.2 192.7 165.5 197.6 Primary income on FDI .. 0.0 0.0 .. 0.0 0.0 .. .. Current account balance .. -21.3 -31.1 -19.4 -66.0 -54.2 -27.8 -38.9 International reserves 24.6 46.9 48.0 65.2 69.8 95.7 104.5 143.3 6. Ratios External debt stocks to exports (%) .. 151.0 218.2 189.8 165.5 221.4 271.0 286.4 External debt stocks to GNI (%) 38.6 34.3 30.5 31.0 27.8 35.4 42.5 43.5 Debt service to exports (%) .. 8.8 10.5 9.8 9.3 7.4 8.9 8.8 Short-term to external debt stocks (%) 0.3 0.1 0.2 0.0 0.0 0.0 0.0 0.0 Multilateral to external debt stocks (%) 72.4 75.4 76.1 77.7 72.9 63.5 46.0 35.7 Reserves to external debt stocks (%) 33.4 52.6 52.4 67.3 70.5 83.3 68.0 75.2 Reserves to imports (months) .. 3.6 3.7 4.3 3.8 6.0 7.6 8.7 280 TONGA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 65.0 79.5 81.6 86.5 88.8 104.6 143.5 180.5 Public and publicly guaranteed 65.0 79.5 81.6 86.5 88.8 104.6 143.5 180.5 Official creditors 65.0 79.5 81.6 86.5 88.8 103.7 142.4 180.0 Multilateral 53.4 67.2 69.8 75.2 72.2 72.9 70.8 68.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 4.0 12.6 16.0 21.1 21.6 23.2 23.6 23.3 Bilateral 11.6 12.3 11.8 11.2 16.6 30.8 71.7 112.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.9 1.1 0.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 5.4 4.5 2.8 4.5 8.5 17.4 40.9 36.5 Public and publicly guaranteed 5.4 4.5 2.8 4.5 8.5 17.4 40.9 36.5 Official creditors 5.4 4.5 2.8 4.5 8.5 16.5 40.7 36.5 Multilateral 3.0 4.5 2.8 4.5 0.7 1.6 1.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.5 2.8 4.5 0.7 1.6 1.0 0.0 Bilateral 2.4 0.0 0.0 0.0 7.8 15.0 39.7 36.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.8 0.2 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 3.7 3.7 3.2 3.6 3.7 2.4 2.7 3.3 Public and publicly guaranteed 3.7 3.7 3.2 3.6 3.7 2.4 2.7 3.3 Official creditors 2.4 3.7 3.2 3.6 3.7 2.4 2.6 3.3 Multilateral 1.0 2.6 2.0 2.1 2.3 1.5 2.0 2.6 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 Bilateral 1.4 1.1 1.2 1.4 1.5 0.8 0.6 0.6 Private creditors 1.3 0.0 0.0 0.0 0.0 0.0 0.1 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 0.9 1.2 0.8 1.1 1.7 1.4 2.4 2.6 Public and publicly guaranteed 0.9 1.2 0.8 1.1 1.7 1.4 2.4 2.6 Official creditors 0.8 1.2 0.8 1.1 1.7 1.4 2.3 2.6 Multilateral 0.5 0.9 0.7 0.8 0.9 0.6 0.6 0.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.2 Bilateral 0.3 0.3 0.1 0.3 0.8 0.8 1.6 1.8 Private creditors 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -4.0 -6.1 2.6 5.3 2.1 15.9 38.8 36.9 Net flows on external debt 1.8 0.9 -0.4 0.9 4.8 14.9 38.2 33.2 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 1.7 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 5.1 7.3 8.1 11.1 11.1 11.1 10.6 10.6 Interest 3.4 3.3 3.2 3.1 2.9 2.7 2.5 2.3 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Long-term private nonguaranteed debt data from 2009 are World Bank staff estimates based on reports provided by the country. 281 TUNISIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 11,355 17,926 18,687 20,496 20,826 22,139 22,048 22,335 Long-term external debt 9,688 14,742 15,278 16,457 16,446 16,910 16,649 16,949 Public and publicly guaranteed 8,888 13,001 13,439 14,508 14,439 14,840 14,653 14,958 Private nonguaranteed 800 1,741 1,839 1,949 2,007 2,070 1,996 1,991 Use of IMF credit 77 49 52 54 53 428 420 419 Short-term external debt 1,590 3,135 3,357 3,984 4,327 4,801 4,979 4,967 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 8,888 12,970 13,409 14,419 14,344 14,692 14,457 14,727 Long-term private sector debt 800 1,772 1,869 2,038 2,102 2,218 2,192 2,222 Public & publicly guaranteed commitments 1,412 1,738 1,175 992 1,563 1,566 1,768 2,789 External debt flows Disbursements 1,542 1,256 1,453 1,615 1,079 1,549 1,728 2,348 Long-term external debt 1,542 1,256 1,453 1,615 1,079 1,549 1,728 2,348 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,336 1,187 1,653 1,570 1,167 1,347 1,642 1,940 Long-term external debt 1,296 1,187 1,653 1,570 1,167 1,347 1,642 1,940 IMF repurchases 40 0 0 0 0 0 0 0 Net flows 258 -141 22 672 255 676 263 397 Long-term external debt 246 69 -200 45 -88 202 86 408 Short-term external debt 52 -210 222 627 343 474 177 -11 Interest payments 573 849 883 928 845 759 717 722 Long-term external debt 489 686 686 742 744 700 647 656 IMF charges 5 1 2 2 0 1 1 0 Short-term external debt 78 162 195 184 101 58 68 65 2. Other non-debt resource inflows Foreign direct investment 752 713 3,240 1,515 2,601 1,525 1,334 1,143 Portfolio equity -18 12 65 30 -39 -89 -26 .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 40.1 46.7 50.2 48.5 49.0 49.1 44.7 Japanese yen 21.5 17.4 14.4 15.4 19.5 18.5 18.0 17.3 Pound sterling 0.5 0.3 0.2 0.1 0.1 0.1 0.1 0.0 Swiss franc 0.7 0.5 0.4 0.3 0.3 0.3 0.2 0.2 U.S.dollars 30.0 20.3 17.7 14.3 12.8 12.5 12.3 15.3 4. Average terms of new commitments Official creditors Interest (%) 4.0 3.1 2.9 2.1 2.7 2.2 2.7 2.0 Maturity (years) 21.2 19.2 21.3 22.3 20.7 21.8 20.6 21.4 Grace period (years) 6.0 3.7 6.5 5.9 5.2 5.4 4.5 4.8 Private creditors Interest (%) 3.9 4.4 4.8 3.4 4.5 1.8 1.9 0.5 Maturity (years) 14.4 14.4 13.2 19.9 11.3 16.9 15.5 7.1 Grace period (years) 12.5 12.7 1.8 18.9 1.6 2.9 3.6 0.6 5. Major economic aggregates Gross national income (GNI) 20,525 30,645 32,796 36,911 42,387 41,285 41,982 44,276 Exports of goods, services & prim. income 8,701 14,884 16,258 20,527 25,602 20,133 22,556 24,795 Personal transfers & comp. of employees 796 1,393 1,510 1,716 1,977 1,964 2,063 1,955 Imports of goods, services & prim. income 10,347 16,495 18,320 23,063 29,235 23,318 26,595 28,390 Primary income on FDI 468 962 988 1,523 1,958 1,588 1,658 .. Current account balance -821 -299 -619 -917 -1,711 -1,234 -2,104 -3,371 International reserves 1,811 4,437 6,773 7,851 8,849 11,057 9,459 .. 6. Ratios External debt stocks to exports (%) 130.5 120.4 114.9 99.8 81.3 110.0 97.7 90.1 External debt stocks to GNI (%) 55.3 58.5 57.0 55.5 49.1 53.6 52.5 50.4 Debt service to exports (%) 21.9 13.7 15.6 12.2 7.9 10.5 10.5 10.7 Short-term to external debt stocks (%) 14.0 17.5 18.0 19.4 20.8 21.7 22.6 22.2 Multilateral to external debt stocks (%) 30.6 30.6 30.3 30.4 28.4 29.4 30.5 34.2 Reserves to external debt stocks (%) 15.9 24.8 36.2 38.3 42.5 49.9 42.9 .. Reserves to imports (months) 2.1 3.2 4.4 4.1 3.6 5.7 4.3 .. 282 TUNISIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 9,688 14,742 15,278 16,457 16,446 16,910 16,649 16,949 Public and publicly guaranteed 8,888 13,001 13,439 14,508 14,439 14,840 14,653 14,958 Official creditors 6,093 8,388 8,725 9,536 9,263 9,960 10,201 11,313 Multilateral 3,477 5,477 5,657 6,227 5,919 6,514 6,733 7,629 of which: IBRD 1,211 1,565 1,444 1,571 1,353 1,385 1,381 1,775 IDA 39 28 26 24 22 20 18 16 Bilateral 2,616 2,911 3,068 3,309 3,344 3,447 3,468 3,683 Private creditors 2,795 4,613 4,714 4,972 5,176 4,880 4,452 3,646 of which: Bonds 1,327 3,510 3,636 3,899 4,050 3,776 3,819 3,063 Commercial banks 786 817 847 900 998 994 570 524 Private nonguaranteed 800 1,741 1,839 1,949 2,007 2,070 1,996 1,991 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,542 1,256 1,453 1,615 1,079 1,549 1,728 2,348 Public and publicly guaranteed 1,242 1,126 1,283 1,426 909 1,369 1,554 2,169 Official creditors 709 843 963 1,103 831 1,315 1,516 2,142 Multilateral 428 606 673 846 550 944 1,119 1,616 of which: IBRD 136 177 112 161 70 184 234 597 IDA 0 0 0 0 0 0 0 0 Bilateral 281 236 290 256 282 370 398 527 Private creditors 533 283 320 324 77 54 37 27 of which: Bonds 0 249 251 255 0 0 0 0 Commercial banks 488 32 67 68 72 50 30 25 Private nonguaranteed 300 130 170 189 170 180 174 179 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 1,296 1,187 1,653 1,570 1,167 1,347 1,642 1,940 Public and publicly guaranteed 1,264 1,129 1,581 1,491 1,055 1,230 1,393 1,720 Official creditors 662 869 1,152 1,094 952 832 881 830 Multilateral 408 533 843 783 635 502 551 556 of which: IBRD 150 232 366 169 273 152 157 151 IDA 2 2 2 2 2 2 2 2 Bilateral 254 336 309 311 317 330 329 273 Private creditors 602 260 429 397 102 399 513 890 of which: Bonds 371 136 301 250 0 313 0 814 Commercial banks 134 63 67 86 62 61 463 71 Private nonguaranteed 32 58 72 79 112 117 249 220 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 489 686 686 742 744 700 647 656 Public and publicly guaranteed 479 584 595 619 629 598 545 557 Official creditors 297 332 336 354 364 334 308 327 Multilateral 215 249 262 270 286 261 236 255 of which: IBRD 79 69 72 67 74 57 42 43 IDA 0 0 0 0 0 0 0 0 Bilateral 82 83 74 83 78 74 71 72 Private creditors 182 251 259 265 265 263 238 229 of which: Bonds 99 200 211 216 217 217 193 202 Commercial banks 37 36 35 38 39 40 39 26 Private nonguaranteed 10 102 91 123 115 102 102 100 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -557 -1,632 761 1,809 330 1,314 -92 288 Net flows on external debt 258 -141 22 672 255 676 263 397 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,061 1,048 1,097 1,181 1,213 1,240 1,167 1,080 Interest 312 325 327 315 293 265 234 204 Private creditors Principal 1,014 740 283 253 230 490 189 159 Interest 272 218 188 173 160 144 123 113 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates based on reports provided by the country. 283 TURKEY (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 116,787 171,498 209,349 258,430 289,555 277,978 299,859 307,007 Long-term external debt 83,552 118,408 155,795 207,959 227,754 218,629 214,460 218,686 Public and publicly guaranteed 55,724 62,965 68,443 81,096 82,308 85,599 91,380 94,419 Private nonguaranteed 27,828 55,443 87,352 126,863 145,446 133,030 123,080 124,267 Use of IMF credit 4,323 14,807 10,931 7,336 8,697 9,638 7,277 4,521 Short-term external debt 28,912 38,283 42,623 43,135 53,104 49,711 78,123 83,800 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 55,707 62,793 68,232 80,614 81,250 84,319 90,059 93,059 Long-term private sector debt 27,846 55,614 87,563 127,344 146,504 134,310 124,401 125,627 Public & publicly guaranteed commitments 14,470 10,594 11,233 15,722 12,258 8,890 16,476 8,515 External debt flows Disbursements 26,408 43,720 60,661 73,779 68,703 39,684 48,507 54,083 Long-term external debt 22,949 41,260 57,720 72,632 65,149 39,684 48,507 54,083 IMF purchases 3,459 2,461 2,941 1,147 3,554 0 0 0 Principal repayments 13,831 32,429 31,002 36,881 42,141 50,363 47,660 41,481 Long-term external debt 13,744 24,649 23,510 31,717 40,175 49,657 45,489 38,671 IMF repurchases 87 7,780 7,493 5,164 1,967 706 2,171 2,810 Net flows 18,017 18,713 33,998 37,411 36,531 -14,072 29,259 18,278 Long-term external debt 9,205 16,611 34,210 40,915 24,974 -9,973 3,017 15,412 Short-term external debt 5,440 7,422 4,340 512 9,969 -3,393 28,412 5,677 Interest payments 6,859 8,692 9,903 12,379 13,664 12,356 11,572 14,987 Long-term external debt 5,000 6,396 7,605 10,300 11,396 10,421 8,703 12,012 IMF charges 59 956 806 569 410 196 135 75 Short-term external debt 1,800 1,340 1,492 1,510 1,859 1,740 2,734 2,900 2. Other non-debt resource inflows Foreign direct investment 982 10,031 20,185 22,047 19,504 8,411 9,038 15,872 Portfolio equity 489 5,669 1,939 5,138 716 2,827 3,468 -986 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 24.0 25.6 27.2 27.8 30.0 31.5 31.7 Japanese yen 12.1 3.8 3.3 2.9 3.9 3.8 4.6 7.0 Pound sterling 0.8 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.3 0.2 0.3 0.2 0.3 0.2 0.2 0.2 U.S.dollars 58.0 71.3 70.1 69.0 67.5 65.5 63.3 60.8 4. Average terms of new commitments Official creditors Interest (%) 6.5 2.8 4.5 4.4 3.9 2.6 1.5 2.0 Maturity (years) 14.6 24.6 16.2 18.2 22.0 18.3 20.5 21.2 Grace period (years) 4.8 6.7 6.2 6.9 6.8 7.0 9.9 6.5 Private creditors Interest (%) 8.6 6.2 6.4 6.5 6.9 6.7 4.7 3.6 Maturity (years) 11.3 13.0 11.5 14.7 13.2 9.0 16.6 13.3 Grace period (years) 8.5 12.0 10.0 13.0 10.9 8.6 12.7 12.5 5. Major economic aggregates Gross national income (GNI) 262,566 477,092 524,126 640,031 721,935 606,310 723,787 765,842 Exports of goods, services & prim. income 53,189 108,915 123,637 150,811 183,425 148,922 160,383 186,715 Personal transfers & comp. of employees 4,560 887 1,146 1,248 1,476 1,026 993 1,087 Imports of goods, services & prim. income 67,873 132,678 157,794 191,488 227,062 164,647 208,474 265,355 Primary income on FDI 279 1,051 1,182 2,213 2,940 2,914 2,865 3,000 Current account balance -9,920 -22,309 -32,249 -38,434 -41,524 -13,370 -46,643 -76,906 International reserves 22,488 50,579 60,892 73,384 70,428 70,874 80,713 78,322 6. Ratios External debt stocks to exports (%) 219.6 157.5 169.3 171.4 157.9 186.7 187.0 164.4 External debt stocks to GNI (%) 44.5 35.9 39.9 40.4 40.1 45.8 41.4 40.1 Debt service to exports (%) 38.9 37.8 33.1 32.7 30.4 42.1 36.9 30.2 Short-term to external debt stocks (%) 24.8 22.3 20.4 16.7 18.3 17.9 26.1 27.3 Multilateral to external debt stocks (%) 4.9 4.4 4.2 4.7 4.8 6.1 6.5 6.9 Reserves to external debt stocks (%) 19.3 29.5 29.1 28.4 24.3 25.5 26.9 25.5 Reserves to imports (months) 4.0 4.6 4.6 4.6 3.7 5.2 4.6 3.5 284 TURKEY (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 83,552 118,408 155,795 207,959 227,754 218,629 214,460 218,686 Public and publicly guaranteed 55,724 62,965 68,443 81,096 82,308 85,599 91,380 94,419 Official creditors 12,537 12,435 13,469 17,083 19,713 23,099 26,306 27,928 Multilateral 5,684 7,622 8,758 12,074 13,819 16,834 19,616 21,111 of which: IBRD 3,634 5,829 6,854 7,541 8,046 9,769 11,563 12,215 IDA 101 71 65 59 54 48 42 36 Bilateral 6,853 4,813 4,711 5,009 5,894 6,265 6,690 6,817 Private creditors 43,187 50,530 54,975 64,013 62,595 62,500 65,074 66,491 of which: Bonds 20,386 27,903 31,945 39,527 39,106 40,926 44,268 46,968 Commercial banks 20,547 21,685 22,250 23,777 22,870 20,974 20,149 18,924 Private nonguaranteed 27,828 55,443 87,352 126,863 145,446 133,030 123,080 124,267 of which: Bonds 1,784 4,025 5,776 6,662 6,759 6,606 6,202 4,003 Disbursements 22,949 41,260 57,720 72,632 65,149 39,684 48,507 54,083 Public and publicly guaranteed 14,069 7,756 9,632 13,300 10,679 9,838 14,468 10,774 Official creditors 2,393 1,001 2,377 3,119 3,850 4,745 5,450 3,829 Multilateral 1,490 851 2,013 2,754 2,781 3,710 4,633 3,278 of which: IBRD 1,291 461 1,796 1,223 1,198 2,281 2,785 1,719 IDA 0 0 0 0 0 0 0 0 Bilateral 903 151 364 366 1,069 1,034 817 551 Private creditors 11,676 6,754 7,254 10,181 6,829 5,093 9,017 6,946 of which: Bonds 6,974 5,230 5,509 7,463 4,000 3,739 6,665 4,711 Commercial banks 4,207 1,520 1,745 2,698 2,764 1,275 2,180 2,227 Private nonguaranteed 8,881 33,504 48,088 59,332 54,470 29,846 34,039 43,308 of which: Bonds 454 3,125 1,727 950 150 150 2,300 2,085 Principal repayments 13,744 24,649 23,510 31,717 40,175 49,657 45,489 38,671 Public and publicly guaranteed 6,268 7,957 6,133 6,491 7,742 6,469 6,013 5,017 Official creditors 1,745 1,653 1,672 1,674 1,576 1,650 1,788 1,710 Multilateral 1,043 863 1,003 960 934 1,002 1,131 1,186 of which: IBRD 486 755 807 666 628 662 690 749 IDA 6 6 6 6 6 6 6 6 Bilateral 702 790 668 714 642 648 657 524 Private creditors 4,523 6,303 4,462 4,816 6,166 4,819 4,225 3,307 of which: Bonds 1,858 3,886 2,356 2,691 3,790 2,275 2,575 1,794 Commercial banks 1,794 2,135 1,908 1,998 2,235 2,440 1,551 1,453 Private nonguaranteed 7,476 16,693 17,376 25,226 32,433 43,188 39,476 33,654 of which: Bonds 0 1,150 0 200 0 350 420 523 Interest payments 5,000 6,396 7,605 10,300 11,396 10,421 8,703 12,012 Public and publicly guaranteed 3,467 4,471 4,439 5,288 5,169 4,785 4,526 4,600 Official creditors 659 596 531 661 703 650 488 580 Multilateral 374 448 407 531 577 522 371 464 of which: IBRD 237 248 329 389 360 304 166 203 IDA 1 1 1 0 0 0 0 0 Bilateral 285 148 125 130 126 129 117 116 Private creditors 2,807 3,875 3,908 4,626 4,466 4,135 4,038 4,021 of which: Bonds 1,479 2,673 2,607 3,261 3,252 3,100 3,203 3,273 Commercial banks 1,183 1,139 1,248 1,318 1,176 1,006 810 724 Private nonguaranteed 1,533 1,925 3,166 5,013 6,227 5,635 4,177 7,412 of which: Bonds 126 338 328 412 371 288 228 385 8. Debt stock-flow reconciliation Total change in external debt stocks 15,005 13,338 37,852 49,081 31,125 -11,577 21,882 7,148 Net flows on external debt 18,017 18,713 33,998 37,411 36,531 -14,072 29,259 18,278 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 13 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 2,041 2,295 2,281 2,459 2,966 3,118 1,952 2,231 Interest 685 689 679 654 597 534 457 400 Private creditors Principal 38,596 25,109 25,698 16,832 16,028 12,447 9,824 10,241 Interest 9,388 7,733 6,355 5,298 4,528 3,789 3,026 2,558 Notes: Long-term public and publicly guaranteed debt data include nonresident deposits made under the Dresdner Bank scheme, amounting to $8.4 billion at end-2011. 285 TURKMENISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 2609.3 1157.8 991.1 853.7 745.7 661.5 529.1 445.3 Long-term external debt 2288.1 911.0 734.3 649.9 587.4 477.2 366.8 299.3 Public and publicly guaranteed 2271.3 877.8 730.5 648.2 586.8 463.3 359.5 265.5 Private nonguaranteed 16.7 33.1 3.9 1.8 0.6 13.9 7.4 33.8 Use of IMF credit 91.0 99.8 105.0 110.3 107.5 109.5 107.5 107.2 Short-term external debt 230.3 147.0 151.7 93.5 50.8 74.8 54.8 38.8 interest arrears on long-term 5.0 5.0 3.7 3.5 0.8 0.8 0.8 0.8 Memorandum items Principal arrears on long-term 148.1 16.9 1.4 1.7 1.7 1.7 1.7 1.7 Long-term public sector debt 2271.3 877.8 730.5 648.2 586.8 463.3 359.5 265.5 Long-term private sector debt 16.7 33.1 3.9 1.8 0.6 13.9 7.4 33.8 Public & publicly guaranteed commitments 4.7 22.0 50.2 65.7 0.0 0.0 0.0 125.0 External debt flows Disbursements 430.1 89.0 9.5 38.9 25.9 35.2 25.5 44.5 Long-term external debt 430.1 89.0 9.5 38.9 25.9 35.2 25.5 44.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 353.0 261.4 216.5 166.3 140.8 146.4 142.8 119.4 Long-term external debt 353.0 261.4 216.5 166.3 140.8 146.4 142.8 119.4 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows -1.6 -280.4 -200.9 -185.4 -154.9 -87.2 -137.3 -90.8 Long-term external debt 77.1 -172.4 -206.9 -127.4 -114.9 -111.2 -117.3 -74.8 Short-term external debt -78.8 -108.0 6.0 -58.0 -40.0 24.0 -20.0 -16.0 Interest payments 119.2 49.0 42.5 37.5 29.8 18.8 11.9 10.8 Long-term external debt 101.9 39.1 33.2 29.8 26.7 17.6 10.8 9.5 IMF charges 4.0 3.1 4.2 3.7 0.9 0.3 0.3 0.1 Short-term external debt 13.2 6.8 5.1 4.0 2.2 1.0 0.8 1.2 2. Other non-debt resource inflows Foreign direct investment 131.0 418.2 730.9 856.0 1277.0 4553.0 3631.0 3186.0 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 31.8 35.9 35.6 30.9 32.5 29.1 25.3 Japanese yen 31.6 43.7 43.3 40.5 41.5 33.4 28.9 16.9 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.5 18.2 13.4 9.8 7.9 6.4 3.6 4.4 4. Average terms of new commitments Official creditors Interest (%) 4.0 1.4 3.2 3.0 0.0 0.0 0.0 0.8 Maturity (years) 10.2 13.8 20.1 20.0 0.0 0.0 0.0 24.5 Grace period (years) 3.7 6.0 4.6 3.5 0.0 0.0 0.0 5.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 2727.4 7541.4 9651.6 11917.2 18115.5 17393.5 18106.7 21920.0 Exports of goods, services & prim. income .. .. .. .. .. .. .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. .. .. .. .. .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 95.7 15.4 10.3 7.2 4.1 3.8 2.9 2.0 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 8.8 12.7 15.3 10.9 6.8 11.3 10.4 8.7 Multilateral to external debt stocks (%) 1.9 3.5 3.0 2.7 2.7 2.6 2.7 2.6 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 286 TURKMENISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2288.1 911.0 734.3 649.9 587.4 477.2 366.8 299.3 Public and publicly guaranteed 2271.3 877.8 730.5 648.2 586.8 463.3 359.5 265.5 Official creditors 838.6 685.9 575.2 523.4 500.2 409.5 341.6 265.5 Multilateral 48.3 40.4 30.1 23.0 20.1 17.4 14.4 11.4 of which: IBRD 28.0 29.1 21.0 15.4 14.2 12.8 11.4 9.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 790.3 645.4 545.1 500.4 480.2 392.1 327.2 254.1 Private creditors 1432.7 192.0 155.3 124.8 86.5 53.9 17.8 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 240.5 125.4 109.1 90.2 63.5 42.3 17.8 0.0 Private nonguaranteed 16.7 33.1 3.9 1.8 0.6 13.9 7.4 33.8 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 430.1 89.0 9.5 38.9 25.9 35.2 25.5 44.5 Public and publicly guaranteed 420.9 24.9 9.1 38.9 25.6 22.4 17.9 13.4 Official creditors 292.6 24.9 9.1 38.9 25.6 22.4 17.9 13.4 Multilateral 29.3 0.5 0.0 0.0 0.0 0.0 0.0 0.0 of which: IBRD 20.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 263.3 24.4 9.1 38.9 25.6 22.4 17.9 13.4 Private creditors 128.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 91.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 9.2 64.1 0.5 0.0 0.3 12.8 7.5 31.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 353.0 261.4 216.5 166.3 140.8 146.4 142.8 119.4 Public and publicly guaranteed 347.4 189.1 188.0 164.3 139.3 146.4 129.8 116.8 Official creditors 44.0 112.6 140.5 124.6 104.3 112.4 96.7 98.3 Multilateral 4.7 4.6 10.9 7.5 2.8 2.8 2.9 3.0 of which: IBRD 0.5 1.8 8.2 5.6 1.2 1.3 1.4 1.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 39.3 108.0 129.6 117.2 101.5 109.6 93.8 95.2 Private creditors 303.4 76.5 47.5 39.7 35.0 34.0 33.1 18.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 13.0 34.7 27.1 28.2 23.5 22.5 21.6 18.6 Private nonguaranteed 5.5 72.3 28.5 2.0 1.5 0.0 13.0 2.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 101.9 39.1 33.2 29.8 26.7 17.6 10.8 9.5 Public and publicly guaranteed 101.2 37.3 32.3 29.6 26.6 17.1 10.3 8.9 Official creditors 27.8 23.9 23.7 19.8 20.1 14.3 9.6 8.6 Multilateral 2.5 1.9 2.4 1.7 1.1 0.7 0.4 0.3 of which: IBRD 1.3 1.0 1.5 1.1 0.6 0.3 0.1 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 25.3 22.0 21.3 18.1 18.9 13.6 9.2 8.3 Private creditors 73.4 13.4 8.6 9.7 6.6 2.8 0.8 0.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 8.5 5.9 5.1 6.9 4.9 2.3 0.7 0.3 Private nonguaranteed 0.7 1.8 0.9 0.3 0.1 0.4 0.4 0.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks -122.9 -473.0 -166.7 -137.3 -108.0 -84.2 -132.4 -83.8 Net flows on external debt -1.6 -280.4 -200.9 -185.4 -154.9 -87.2 -137.3 -90.8 9. Debt restructurings Total amount rescheduled 48.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 37.9 35.6 36.0 36.0 20.1 20.7 19.8 19.8 Interest 7.2 6.7 6.2 5.6 4.8 4.6 4.3 4.0 Private creditors Principal 11.5 11.2 7.7 3.4 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Long-term public and publicly guaranteed debt from 2010 are World Bank staff estimates. Long-term private nonguaranteed debt data (excluding bonds) only cover European Bank for Reconstruction and Development lending. 287 UGANDA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 3,535 4,437 1,276 1,629 2,267 2,736 3,260 3,858 Long-term external debt 3,051 4,184 1,075 1,546 1,754 2,221 2,671 2,958 Public and publicly guaranteed 3,051 4,184 1,075 1,546 1,754 2,221 2,671 2,958 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 354 173 53 56 55 281 275 273 Short-term external debt 129 79 148 26 458 235 314 627 interest arrears on long-term 58 29 27 26 26 26 26 26 Memorandum items Principal arrears on long-term 124 75 64 53 51 51 51 51 Long-term public sector debt 3,047 4,184 1,075 1,545 1,753 2,216 2,666 2,953 Long-term private sector debt 5 0 0 1 1 5 5 5 Public & publicly guaranteed commitments 145 382 166 686 621 783 908 1,041 External debt flows Disbursements 230 230 250 473 275 493 486 331 Long-term external debt 219 224 247 473 275 493 486 331 IMF purchases 12 6 3 0 0 0 0 0 Principal repayments 48 135 70 50 52 49 40 37 Long-term external debt 26 99 70 50 52 49 40 35 IMF repurchases 21 36 0 0 0 0 0 2 Net flows 177 85 251 303 655 221 525 607 Long-term external debt 192 125 177 424 223 444 447 296 Short-term external debt -6 -10 71 -121 432 -223 79 313 Interest payments 28 37 30 17 22 23 25 32 Long-term external debt 21 33 24 12 15 18 21 26 IMF charges 3 1 2 2 0 1 1 0 Short-term external debt 4 3 4 3 6 4 3 6 2. Other non-debt resource inflows Foreign direct investment 161 380 644 792 729 842 544 797 Portfolio equity .. .. 19 -23 13 131 -70 106 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 2.8 14.2 10.3 7.5 5.1 3.4 2.6 Japanese yen 1.8 0.0 0.0 0.0 0.3 0.5 0.8 0.8 Pound sterling 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 62.5 67.8 55.1 48.1 46.5 47.6 47.2 46.9 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.8 0.8 0.8 0.7 0.9 0.6 1.3 Maturity (years) 40.0 45.7 39.3 41.1 40.7 41.8 40.2 27.5 Grace period (years) 7.9 10.2 9.8 9.9 9.9 9.0 11.1 6.8 Private creditors Interest (%) 7.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 6,086 8,966 9,728 11,687 14,160 15,517 16,865 16,421 Exports of goods, services & prim. income 716 1,591 1,785 2,466 3,137 3,352 3,561 4,056 Personal transfers & comp. of employees 238 322 411 452 724 778 768 949 Imports of goods, services & prim. income 1,574 2,653 3,297 4,275 5,691 5,751 6,733 7,897 Primary income on FDI 19 202 249 262 250 247 183 227 Current account balance -359 -26 -396 -701 -1,314 -1,251 -1,859 -2,276 International reserves 808 1,344 1,811 2,560 2,301 2,994 2,706 2,617 6. Ratios External debt stocks to exports (%) 493.6 278.9 71.5 66.0 72.3 81.6 91.6 95.1 External debt stocks to GNI (%) 58.1 49.5 13.1 13.9 16.0 17.6 19.3 23.5 Debt service to exports (%) 10.6 10.8 5.6 2.7 2.4 2.1 1.8 1.7 Short-term to external debt stocks (%) 3.7 1.8 11.6 1.6 20.2 8.6 9.6 16.3 Multilateral to external debt stocks (%) 74.5 88.6 66.6 82.0 68.8 73.7 74.1 70.1 Reserves to external debt stocks (%) 22.9 30.3 141.9 157.2 101.5 109.4 83.0 67.8 Reserves to imports (months) 6.2 6.1 6.6 7.2 4.9 6.2 4.8 4.0 288 UGANDA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 3,051 4,184 1,075 1,546 1,754 2,221 2,671 2,958 Public and publicly guaranteed 3,051 4,184 1,075 1,546 1,754 2,221 2,671 2,958 Official creditors 3,027 4,182 1,073 1,545 1,753 2,220 2,671 2,958 Multilateral 2,634 3,932 850 1,335 1,560 2,017 2,416 2,705 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2,115 3,141 436 840 1,004 1,379 1,682 1,844 Bilateral 393 250 223 210 193 203 255 253 Private creditors 24 2 2 1 0 0 0 0 of which: Bonds 4 0 0 0 0 0 0 0 Commercial banks 9 2 2 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 219 224 247 473 275 493 486 331 Public and publicly guaranteed 219 224 247 473 275 493 486 331 Official creditors 219 224 247 473 275 493 486 331 Multilateral 218 224 247 449 265 463 445 330 of which: IBRD 0 0 0 0 0 0 0 0 IDA 190 133 156 374 172 365 326 178 Bilateral 0 0 0 24 11 30 41 1 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 26 99 70 50 52 49 40 35 Public and publicly guaranteed 26 99 70 50 52 49 40 35 Official creditors 25 98 69 49 52 49 39 35 Multilateral 9 34 37 24 25 29 24 27 of which: IBRD 0 0 0 0 0 0 0 0 IDA 3 21 10 0 0 1 3 7 Bilateral 16 64 33 24 27 20 15 8 Private creditors 1 1 1 1 1 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 1 1 1 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 21 33 24 12 15 18 21 26 Public and publicly guaranteed 21 33 24 12 15 18 21 26 Official creditors 20 32 24 12 15 18 21 26 Multilateral 10 31 23 11 13 16 19 23 of which: IBRD 0 0 0 0 0 0 0 0 IDA 6 24 14 5 7 9 11 13 Bilateral 11 2 1 1 2 2 2 4 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -3 -333 -3,160 352 638 470 524 598 Net flows on external debt 177 85 251 303 655 221 525 607 9. Debt restructurings Total amount rescheduled 35 154 10 0 0 0 25 0 Total amount forgiven 217 53 3,554 20 7 0 2 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 65 70 70 64 72 97 128 157 Interest 34 37 40 41 42 42 42 40 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data include the effects of HIPC and MDRI debt relief. 289 UKRAINE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 13,904 33,121 51,917 78,372 97,661 99,281 116,026 134,481 Long-term external debt 9,677 17,999 33,756 52,958 70,300 66,381 72,501 85,543 Public and publicly guaranteed 8,136 8,469 9,769 13,567 14,041 13,040 16,025 17,965 Private nonguaranteed 1,541 9,530 23,987 39,390 56,258 53,340 56,476 67,577 Use of IMF credit 3,779 3,059 2,800 2,501 6,726 13,027 16,262 16,212 Short-term external debt 447 12,063 15,361 22,914 20,636 19,873 27,264 32,727 interest arrears on long-term 183 110 150 199 335 650 1,671 13 Memorandum items Principal arrears on long-term 567 240 286 322 653 2,651 4,342 499 Long-term public sector debt 8,112 8,452 9,761 13,567 14,041 13,040 16,025 17,965 Long-term private sector debt 1,565 9,547 23,995 39,390 56,258 53,340 56,476 67,577 Public & publicly guaranteed commitments 157 2,063 2,219 4,328 1,000 1,079 3,745 3,726 External debt flows Disbursements 1,651 7,853 17,784 28,387 36,158 23,495 33,433 30,379 Long-term external debt 1,401 7,853 17,784 28,387 31,416 17,325 30,000 30,379 IMF purchases 251 0 0 0 4,742 6,170 3,433 0 Principal repayments 2,963 4,318 6,993 8,524 13,936 17,943 23,449 22,558 Long-term external debt 2,114 4,018 6,583 8,097 13,595 17,855 23,449 22,558 IMF repurchases 849 300 410 427 341 88 0 0 Net flows -1,285 5,234 14,048 27,367 19,808 4,474 16,355 14,942 Long-term external debt -714 3,835 11,201 20,290 17,821 -530 6,551 7,821 Short-term external debt 26 1,698 3,258 7,504 -2,414 -1,078 6,370 7,121 Interest payments 783 1,354 2,130 3,031 3,621 4,531 3,980 4,915 Long-term external debt 572 852 1,523 2,266 3,157 4,135 3,380 4,124 IMF charges 197 109 131 107 31 139 247 365 Short-term external debt 14 393 475 659 433 256 353 426 2. Other non-debt resource inflows Foreign direct investment 595 7,808 5,604 10,193 10,700 4,769 6,451 7,207 Portfolio equity 146 82 322 715 388 105 290 519 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 21.2 18.5 18.1 15.9 17.6 13.4 7.8 Japanese yen 2.0 1.3 4.0 2.8 3.3 3.7 0.9 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 6.4 5.0 5.1 0.0 0.0 0.0 U.S.dollars 53.2 65.7 62.1 68.4 71.0 74.7 83.3 89.5 4. Average terms of new commitments Official creditors Interest (%) 7.3 3.6 6.2 3.5 2.3 1.4 0.6 1.8 Maturity (years) 15.2 19.8 20.0 17.9 23.7 27.5 11.5 19.6 Grace period (years) 4.5 6.0 5.5 5.6 5.2 5.0 6.0 4.6 Private creditors Interest (%) 0.0 5.2 5.1 5.9 6.3 0.0 4.9 7.2 Maturity (years) 0.0 10.7 9.6 6.6 7.0 0.0 7.0 7.7 Grace period (years) 0.0 9.9 9.6 6.6 4.0 0.0 7.0 7.7 5. Major economic aggregates Gross national income (GNI) 30,320 85,157 106,031 140,602 178,452 114,788 134,410 161,449 Exports of goods, services & prim. income 19,665 43,384 49,687 65,068 87,899 56,704 70,341 89,137 Personal transfers & comp. of employees 33 2,408 3,102 5,290 6,782 5,941 6,535 7,822 Imports of goods, services & prim. income 19,032 43,695 54,479 73,858 103,807 61,101 76,332 101,839 Primary income on FDI 43 268 996 1,178 2,506 2,542 2,218 4,084 Current account balance 1,481 2,534 -1,619 -5,251 -12,781 -1,736 -3,016 -8,994 International reserves 1,353 18,988 21,845 31,786 30,801 25,557 33,327 30,409 6. Ratios External debt stocks to exports (%) 70.7 76.3 104.5 120.4 111.1 175.1 164.9 150.9 External debt stocks to GNI (%) 45.9 38.9 49.0 55.7 54.7 86.5 86.3 83.3 Debt service to exports (%) 19.0 13.1 18.4 17.8 20.0 39.6 39.0 30.8 Short-term to external debt stocks (%) 3.2 36.4 29.6 29.2 21.1 20.0 23.5 24.3 Multilateral to external debt stocks (%) 17.1 8.0 5.4 4.4 4.2 4.5 3.8 2.7 Reserves to external debt stocks (%) 9.7 57.3 42.1 40.6 31.5 25.7 28.7 22.6 Reserves to imports (months) 0.9 5.2 4.8 5.2 3.6 5.0 5.2 3.6 290 UKRAINE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 9,677 17,999 33,756 52,958 70,300 66,381 72,501 85,543 Public and publicly guaranteed 8,136 8,469 9,769 13,567 14,041 13,040 16,025 17,965 Official creditors 5,000 5,021 4,899 5,365 5,793 6,026 5,789 5,021 Multilateral 2,372 2,666 2,780 3,449 4,099 4,480 4,392 3,696 of which: IBRD 1,991 2,429 2,362 2,309 3,022 3,294 3,212 3,189 IDA 0 0 0 0 0 0 0 0 Bilateral 2,628 2,355 2,119 1,916 1,694 1,547 1,397 1,324 Private creditors 3,136 3,448 4,870 8,202 8,249 7,014 10,236 12,945 of which: Bonds 2,379 2,250 3,686 7,035 7,105 5,907 9,148 11,873 Commercial banks 134 169 157 143 124 90 75 64 Private nonguaranteed 1,541 9,530 23,987 39,390 56,258 53,340 56,476 67,577 of which: Bonds 0 550 1,513 4,185 4,965 5,059 5,114 5,589 Disbursements 1,401 7,853 17,784 28,387 31,416 17,325 30,000 30,379 Public and publicly guaranteed 173 1,411 2,233 4,315 923 664 3,998 3,285 Official creditors 141 563 319 804 918 664 313 532 Multilateral 119 556 319 800 917 607 265 425 of which: IBRD 113 484 85 115 889 509 158 244 IDA 0 0 0 0 0 0 0 0 Bilateral 22 7 0 3 2 57 49 107 Private creditors 32 847 1,915 3,511 4 0 3,685 2,753 of which: Bonds 0 747 1,915 3,511 0 0 3,685 2,750 Commercial banks 14 100 0 0 4 0 0 3 Private nonguaranteed 1,228 6,442 15,550 24,072 30,493 16,661 26,002 27,094 of which: Bonds 0 450 962 2,800 1,230 789 1,730 1,550 Principal repayments 2,114 4,018 6,583 8,097 13,595 17,855 23,449 22,558 Public and publicly guaranteed 1,250 1,193 1,159 850 482 1,721 886 1,340 Official creditors 1,208 546 532 498 456 475 468 1,322 Multilateral 63 265 252 246 232 263 271 1,133 of which: IBRD 24 168 171 189 203 235 243 270 IDA 0 0 0 0 0 0 0 0 Bilateral 1,145 281 280 252 224 212 197 188 Private creditors 42 647 627 352 26 1,246 418 18 of which: Bonds 33 622 602 328 0 1,209 401 0 Commercial banks 2 0 18 20 21 34 14 14 Private nonguaranteed 864 2,825 5,424 7,248 13,113 16,134 22,563 21,218 of which: Bonds 0 0 0 129 450 695 1,925 1,075 Interest payments 572 852 1,523 2,266 3,157 4,135 3,380 4,124 Public and publicly guaranteed 500 383 422 566 545 645 442 654 Official creditors 148 130 176 185 163 168 111 85 Multilateral 139 87 135 149 135 148 98 75 of which: IBRD 118 76 121 134 118 78 34 31 IDA 0 0 0 0 0 0 0 0 Bilateral 8 43 41 36 28 20 14 10 Private creditors 352 253 246 381 381 478 330 569 of which: Bonds 344 172 158 293 295 392 251 490 Commercial banks 8 3 11 10 9 8 3 2 Private nonguaranteed 72 470 1,101 1,699 2,613 3,490 2,938 3,470 of which: Bonds 0 41 89 247 336 423 407 423 8. Debt stock-flow reconciliation Total change in external debt stocks -1,841 3,032 18,796 26,455 19,289 1,619 16,746 18,455 Net flows on external debt -1,285 5,234 14,048 27,367 19,808 4,474 16,355 14,942 9. Debt restructurings Total amount rescheduled 2,185 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 517 526 400 480 477 481 483 429 Interest 73 67 63 61 57 52 47 42 Private creditors Principal 20,303 13,447 7,996 9,332 6,961 3,851 14,465 0 Interest 2,583 2,015 1,706 1,405 1,145 1,113 1,659 261 291 URUGUAY (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 8,491 11,178 10,223 12,019 11,523 13,299 14,030 14,350 Long-term external debt 5,890 8,067 9,408 11,032 10,629 11,748 12,358 13,349 Public and publicly guaranteed 5,568 7,742 9,089 10,414 10,121 11,098 11,450 12,104 Private nonguaranteed 322 325 319 618 508 650 908 1,245 Use of IMF credit 214 2,376 75 79 77 460 452 450 Short-term external debt 2,387 736 739 908 817 1,091 1,220 550 interest arrears on long-term 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on long-term 0 0 0 0 0 0 0 0 Long-term public sector debt 5,568 7,742 9,089 10,414 10,121 11,098 11,450 12,104 Long-term private sector debt 322 325 319 618 508 650 908 1,245 Public & publicly guaranteed commitments 759 2,855 2,059 1,592 1,018 1,623 148 2,243 External debt flows Disbursements 928 1,626 2,333 1,649 875 1,687 586 2,440 Long-term external debt 928 1,329 2,036 1,649 875 1,687 586 2,440 IMF purchases 0 297 298 0 0 0 0 0 Principal repayments 667 1,277 3,983 417 418 546 771 697 Long-term external debt 667 808 1,313 417 418 546 771 697 IMF repurchases 0 469 2,670 0 0 0 0 0 Net flows 381 202 -1,646 1,401 366 1,415 -56 1,073 Long-term external debt 261 521 723 1,232 457 1,141 -185 1,743 Short-term external debt 120 -147 3 169 -91 274 129 -670 Interest payments 547 631 727 713 576 743 761 765 Long-term external debt 414 434 580 659 555 730 744 751 IMF charges 11 117 109 8 1 1 1 0 Short-term external debt 123 80 37 47 21 12 15 14 2. Other non-debt resource inflows Foreign direct investment 269 827 1,508 1,359 2,142 1,603 2,191 2,177 Portfolio equity 5 -2 -27 2 -12 -18 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 8.5 6.9 6.1 4.8 4.5 4.0 1.2 Japanese yen 3.4 2.9 2.4 4.5 5.4 4.6 4.7 4.3 Pound sterling 1.0 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 80.5 83.9 81.4 69.8 73.6 78.9 75.9 80.9 4. Average terms of new commitments Official creditors Interest (%) 7.2 4.6 5.4 5.6 3.7 2.2 1.4 0.8 Maturity (years) 14.8 17.7 21.2 16.3 11.7 17.0 19.1 21.5 Grace period (years) 5.2 5.3 4.9 6.4 3.1 7.2 6.4 12.2 Private creditors Interest (%) 7.8 8.0 6.8 3.5 6.3 8.6 2.3 3.7 Maturity (years) 7.7 15.3 24.7 21.4 13.9 15.0 19.3 15.0 Grace period (years) 7.2 15.0 24.7 19.9 12.9 13.0 8.1 14.9 5. Major economic aggregates Gross national income (GNI) 22,757 16,863 19,143 22,892 29,459 29,612 38,100 45,341 Exports of goods, services & prim. income 4,441 5,648 6,529 7,818 10,130 9,169 11,062 13,195 Personal transfers & comp. of employees .. 77 89 96 108 101 103 102 Imports of goods, services & prim. income 5,035 5,750 7,047 8,176 12,007 9,756 12,043 14,763 Primary income on FDI 99 228 261 531 843 740 1,104 1,196 Current account balance -566 42 -392 -220 -1,729 -449 -863 -1,442 International reserves 2,479 3,074 3,085 4,114 6,353 8,029 7,644 10,289 6. Ratios External debt stocks to exports (%) 191.2 197.9 156.6 153.7 113.8 145.0 126.8 108.8 External debt stocks to GNI (%) 37.3 66.3 53.4 52.5 39.1 44.9 36.8 31.6 Debt service to exports (%) 27.3 33.8 72.1 14.5 9.8 14.1 13.9 11.1 Short-term to external debt stocks (%) 28.1 6.6 7.2 7.6 7.1 8.2 8.7 3.8 Multilateral to external debt stocks (%) 22.9 27.8 24.8 21.1 25.5 27.5 24.8 24.9 Reserves to external debt stocks (%) 29.2 27.5 30.2 34.2 55.1 60.4 54.5 71.7 Reserves to imports (months) 5.9 6.4 5.3 6.0 6.3 9.9 7.6 8.4 292 URUGUAY (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 5,890 8,067 9,408 11,032 10,629 11,748 12,358 13,349 Public and publicly guaranteed 5,568 7,742 9,089 10,414 10,121 11,098 11,450 12,104 Official creditors 2,245 3,250 2,720 2,707 3,096 3,793 3,598 3,659 Multilateral 1,943 3,103 2,539 2,534 2,940 3,656 3,482 3,567 of which: IBRD 552 816 653 666 713 1,099 1,055 1,128 IDA 0 0 0 0 0 0 0 0 Bilateral 302 146 181 173 157 137 116 93 Private creditors 3,323 4,492 6,370 7,707 7,024 7,305 7,852 8,445 of which: Bonds 2,774 4,201 6,321 7,663 6,941 7,238 7,780 8,347 Commercial banks 530 279 38 34 77 63 70 97 Private nonguaranteed 322 325 319 618 508 650 908 1,245 of which: Bonds 300 300 300 287 187 80 93 294 Disbursements 928 1,329 2,036 1,649 875 1,687 586 2,440 Public and publicly guaranteed 928 1,329 2,036 1,459 803 1,575 417 2,054 Official creditors 300 389 205 199 632 966 398 313 Multilateral 299 384 159 189 632 966 398 313 of which: IBRD 134 134 42 74 147 450 46 158 IDA 0 0 0 0 0 0 0 0 Bilateral 1 5 46 10 0 0 0 0 Private creditors 629 940 1,831 1,260 171 609 19 1,741 of which: Bonds 615 919 1,828 1,256 123 599 0 1,701 Commercial banks 1 21 3 4 48 11 19 40 Private nonguaranteed 0 0 0 190 72 112 169 386 of which: Bonds 0 0 0 87 0 0 0 200 Principal repayments 667 808 1,313 417 418 546 771 697 Public and publicly guaranteed 607 800 1,307 244 271 366 643 525 Official creditors 164 342 747 230 253 289 594 251 Multilateral 122 329 733 209 231 267 573 227 of which: IBRD 58 104 205 61 85 85 88 85 IDA 0 0 0 0 0 0 0 0 Bilateral 42 13 14 21 22 21 21 24 Private creditors 443 458 560 14 18 78 49 274 of which: Bonds 285 260 313 3 10 27 36 260 Commercial banks 154 196 245 9 5 49 11 12 Private nonguaranteed 60 8 5 173 147 180 128 172 of which: Bonds 47 0 0 100 100 100 0 0 Interest payments 414 434 580 659 555 730 744 751 Public and publicly guaranteed 381 407 553 614 526 692 696 689 Official creditors 148 152 152 145 129 126 151 126 Multilateral 135 149 149 140 125 122 148 121 of which: IBRD 42 34 41 38 31 28 15 14 IDA 0 0 0 0 0 0 0 0 Bilateral 13 3 3 5 5 4 3 5 Private creditors 233 255 401 469 397 566 544 563 of which: Bonds 182 242 392 467 395 562 541 559 Commercial banks 51 12 9 2 1 3 3 3 Private nonguaranteed 33 27 27 44 29 39 49 62 of which: Bonds 29 26 26 25 13 11 7 9 8. Debt stock-flow reconciliation Total change in external debt stocks 514 -611 -956 1,796 -496 1,776 731 320 Net flows on external debt 381 202 -1,646 1,401 366 1,415 -56 1,073 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 955 178 542 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 275 293 314 309 305 427 264 226 Interest 78 73 68 61 54 45 38 32 Private creditors Principal 269 206 177 193 180 666 494 453 Interest 572 564 554 545 531 517 502 460 Notes: Long-term private nonguaranteed debt data for 2011 are World Bank staff estimates based on reports provided by the country. Short-term debt is based on Central Bank data. 293 UZBEKISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 4,975 4,658 4,469 4,627 5,083 6,937 7,745 8,382 Long-term external debt 4,224 4,170 3,916 4,013 4,458 6,362 7,102 7,613 Public and publicly guaranteed 3,762 3,619 3,289 3,135 3,137 3,221 3,361 3,695 Private nonguaranteed 462 551 627 879 1,321 3,141 3,741 3,918 Use of IMF credit 469 376 395 415 405 412 405 403 Short-term external debt 282 112 158 198 221 163 238 366 interest arrears on long-term 3 8 0 2 10 19 70 70 Memorandum items Principal arrears on long-term 17 35 0 37 34 56 92 92 Long-term public sector debt 3,605 3,577 3,276 3,115 3,130 3,215 3,357 3,693 Long-term private sector debt 618 592 640 899 1,328 3,146 3,745 3,920 Public & publicly guaranteed commitments 310 181 107 428 305 442 8,316 859 External debt flows Disbursements 769 400 349 661 1,003 2,617 1,173 945 Long-term external debt 769 400 349 661 1,003 2,617 1,173 945 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 648 642 677 647 711 717 498 459 Long-term external debt 583 623 677 647 711 717 498 459 IMF repurchases 65 18 0 0 0 0 0 0 Net flows -223 -308 -274 51 308 1,833 699 614 Long-term external debt 186 -223 -328 13 293 1,900 675 486 Short-term external debt -344 -66 54 38 15 -67 24 128 Interest payments 252 157 189 189 152 123 125 165 Long-term external debt 206 141 170 168 141 120 118 157 IMF charges 24 12 16 14 3 1 1 0 Short-term external debt 23 4 3 7 8 2 6 7 2. Other non-debt resource inflows Foreign direct investment 75 192 174 705 711 842 1,628 1,403 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 17.9 17.8 17.5 14.3 11.9 9.6 9.2 Japanese yen 21.2 21.4 21.3 22.5 27.0 24.0 23.1 21.1 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.5 0.4 0.4 0.3 0.2 0.2 0.0 U.S.dollars 56.7 52.9 51.9 49.7 48.5 53.5 54.6 56.4 4. Average terms of new commitments Official creditors Interest (%) 6.0 2.1 2.9 2.8 2.3 1.3 1.9 1.0 Maturity (years) 18.4 23.4 22.2 20.9 24.9 26.9 36.9 25.7 Grace period (years) 4.4 6.8 6.7 6.0 6.0 7.0 9.7 3.7 Private creditors Interest (%) 7.3 0.0 4.3 4.7 4.8 3.6 2.6 0.0 Maturity (years) 6.6 0.0 6.6 5.4 6.1 12.9 7.7 0.0 Grace period (years) 1.4 0.0 1.1 0.9 1.6 3.4 1.9 0.0 5. Major economic aggregates Gross national income (GNI) 13,541 14,283 16,942 23,242 29,639 33,714 40,492 47,150 Exports of goods, services & prim. income .. .. .. .. .. .. .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. .. .. .. .. .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. International reserves .. .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 36.7 32.6 26.4 19.9 17.2 20.6 19.1 17.8 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 5.7 2.4 3.5 4.3 4.3 2.4 3.1 4.4 Multilateral to external debt stocks (%) 9.1 17.0 18.5 18.8 18.1 15.3 15.1 15.3 Reserves to external debt stocks (%) .. .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 294 UZBEKISTAN (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 4,224 4,170 3,916 4,013 4,458 6,362 7,102 7,613 Public and publicly guaranteed 3,762 3,619 3,289 3,135 3,137 3,221 3,361 3,695 Official creditors 2,117 2,445 2,393 2,458 2,655 2,886 3,136 3,468 Multilateral 454 791 826 868 920 1,064 1,171 1,281 of which: IBRD 217 299 316 317 313 284 259 232 IDA 0 11 26 43 55 83 114 149 Bilateral 1,663 1,653 1,567 1,589 1,736 1,822 1,965 2,187 Private creditors 1,645 1,175 896 677 482 335 226 227 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 368 193 149 125 111 73 58 107 Private nonguaranteed 462 551 627 879 1,321 3,141 3,741 3,918 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 769 400 349 661 1,003 2,617 1,173 945 Public and publicly guaranteed 713 255 173 229 306 464 437 601 Official creditors 409 193 156 208 269 456 422 525 Multilateral 121 136 110 93 106 211 192 202 of which: IBRD 31 25 32 17 15 5 5 12 IDA 0 7 13 16 13 28 32 36 Bilateral 288 57 46 115 162 245 230 324 Private creditors 304 62 17 21 37 8 15 76 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 59 34 10 20 37 1 15 76 Private nonguaranteed 56 145 177 432 697 2,152 736 344 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 583 623 677 647 711 717 498 459 Public and publicly guaranteed 443 510 579 494 458 383 368 292 Official creditors 148 177 237 218 239 223 254 222 Multilateral 29 67 82 61 67 67 86 89 of which: IBRD 5 20 21 25 29 32 32 39 IDA 0 0 0 0 0 0 0 0 Bilateral 119 110 155 157 172 156 168 133 Private creditors 295 333 341 276 219 161 114 69 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 72 49 62 51 47 40 27 20 Private nonguaranteed 140 113 99 153 253 333 131 167 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 206 141 170 168 141 120 118 157 Public and publicly guaranteed 182 117 146 141 114 82 62 66 Official creditors 75 63 93 96 84 70 58 60 Multilateral 26 32 42 47 43 34 22 21 of which: IBRD 12 12 15 18 18 15 11 10 IDA 0 0 0 0 0 0 1 1 Bilateral 49 31 51 49 41 36 37 39 Private creditors 108 53 52 45 30 12 4 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 29 10 9 9 7 3 1 3 Private nonguaranteed 24 24 24 27 27 39 56 91 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -325 -573 -188 158 456 1,854 808 638 Net flows on external debt -223 -308 -274 51 308 1,833 699 614 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 284 287 316 332 303 304 306 310 Interest 105 146 171 189 195 196 194 189 Private creditors Principal 1,277 764 601 448 371 294 294 6 Interest 18 13 9 6 4 2 0 0 295 VANUATU (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 95.7 105.3 107.6 123.9 150.9 155.3 173.3 201.8 Long-term external debt 73.1 71.9 72.0 78.1 89.7 98.8 99.3 98.8 Public and publicly guaranteed 73.1 71.9 72.0 78.1 89.7 98.8 99.3 98.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 21.2 23.3 24.5 25.7 25.1 25.5 25.1 25.0 Short-term external debt 1.4 10.2 11.1 20.1 36.1 31.0 49.0 78.0 interest arrears on long-term 0.0 0.2 0.1 0.1 0.1 0.0 0.0 0.0 Memorandum items Principal arrears on long-term 0.0 0.8 0.5 0.6 0.6 0.0 0.0 0.0 Long-term public sector debt 73.1 71.9 72.0 78.1 89.7 98.8 99.3 98.8 Long-term private sector debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public & publicly guaranteed commitments 4.6 0.0 0.0 8.0 28.8 0.0 0.0 0.0 External debt flows Disbursements 14.2 0.0 0.0 3.9 10.1 11.7 0.0 0.0 Long-term external debt 14.2 0.0 0.0 3.9 10.1 11.7 0.0 0.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.9 1.1 2.2 2.1 2.5 3.5 3.6 3.4 Long-term external debt 0.9 1.1 2.2 2.1 2.5 3.5 3.6 3.4 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows 13.6 -28.1 -1.2 10.8 23.6 3.1 14.4 25.6 Long-term external debt 13.4 -1.1 -2.2 1.8 7.6 8.1 -3.6 -3.4 Short-term external debt 0.3 -27.0 1.0 9.0 16.0 -5.0 18.0 29.0 Interest payments 1.9 2.3 2.4 2.5 2.2 2.2 2.4 3.0 Long-term external debt 0.6 0.7 1.0 0.9 1.1 1.4 1.4 1.3 IMF charges 0.9 0.7 1.0 0.9 0.2 0.1 0.1 0.0 Short-term external debt 0.3 0.8 0.5 0.8 0.8 0.7 0.9 1.6 2. Other non-debt resource inflows Foreign direct investment 20.3 13.3 43.4 34.2 37.7 32.1 41.5 58.1 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. .. 13.4 12.5 9.2 7.1 5.2 4.1 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 56.8 54.0 54.1 51.3 47.1 41.6 42.3 42.2 4. Average terms of new commitments Official creditors Interest (%) 2.0 0.0 0.0 0.0 2.0 0.0 0.0 0.0 Maturity (years) 14.5 0.0 0.0 20.0 20.0 0.0 0.0 0.0 Grace period (years) 3.5 0.0 0.0 5.0 5.3 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 259.0 367.3 415.1 500.0 587.3 568.1 668.6 795.3 Exports of goods, services & prim. income 175.7 204.6 215.3 255.7 313.7 330.9 362.4 392.2 Personal transfers & comp. of employees 34.7 5.1 5.0 5.5 8.9 11.5 11.8 21.8 Imports of goods, services & prim. income 178.8 258.6 270.7 313.2 492.8 345.5 468.4 520.6 Primary income on FDI 21.9 35.3 34.2 45.6 29.7 41.7 49.8 57.9 Current account balance 5.0 -34.0 -30.1 -34.4 -141.6 10.3 -83.7 -115.8 International reserves 38.9 67.2 104.7 119.6 115.2 148.6 161.4 173.8 6. Ratios External debt stocks to exports (%) 54.4 51.5 50.0 48.4 48.1 46.9 47.8 51.4 External debt stocks to GNI (%) 36.9 28.7 25.9 24.8 25.7 27.3 25.9 25.4 Debt service to exports (%) 1.6 1.6 2.1 1.8 1.5 1.7 1.6 1.6 Short-term to external debt stocks (%) 1.5 9.7 10.3 16.2 23.9 20.0 28.3 38.7 Multilateral to external debt stocks (%) 67.0 64.0 62.7 55.9 47.0 44.2 39.7 33.4 Reserves to external debt stocks (%) 40.7 63.8 97.3 96.5 76.4 95.7 93.1 86.1 Reserves to imports (months) 2.6 3.1 4.6 4.6 2.8 5.2 4.1 4.0 296 VANUATU (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 73.1 71.9 72.0 78.1 89.7 98.8 99.3 98.8 Public and publicly guaranteed 73.1 71.9 72.0 78.1 89.7 98.8 99.3 98.8 Official creditors 73.1 71.9 72.0 78.1 89.7 98.8 99.3 98.8 Multilateral 64.1 67.4 67.4 69.3 71.0 68.6 68.8 67.4 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 12.9 12.9 13.2 13.4 12.9 12.4 11.7 11.0 Bilateral 8.9 4.5 4.6 8.8 18.7 30.2 30.5 31.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Disbursements 14.2 0.0 0.0 3.9 10.1 11.7 0.0 0.0 Public and publicly guaranteed 14.2 0.0 0.0 3.9 10.1 11.7 0.0 0.0 Official creditors 14.2 0.0 0.0 3.9 10.1 11.7 0.0 0.0 Multilateral 14.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 0.0 0.0 0.0 3.9 10.1 11.7 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.9 1.1 2.2 2.1 2.5 3.5 3.6 3.4 Public and publicly guaranteed 0.9 1.1 2.2 2.1 2.5 3.5 3.6 3.4 Official creditors 0.9 1.1 2.2 2.1 2.5 3.5 3.6 3.4 Multilateral 0.5 0.7 1.8 1.7 2.1 3.2 3.3 3.0 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.3 0.3 0.4 0.4 0.6 0.5 0.6 Bilateral 0.4 0.4 0.4 0.4 0.5 0.3 0.3 0.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments 0.6 0.7 1.0 0.9 1.1 1.4 1.4 1.3 Public and publicly guaranteed 0.6 0.7 1.0 0.9 1.1 1.4 1.4 1.3 Official creditors 0.6 0.7 1.0 0.9 1.1 1.4 1.4 1.3 Multilateral 0.5 0.6 0.9 0.7 0.8 0.8 0.9 0.7 of which: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.1 0.1 0.1 0.2 0.4 0.6 0.6 0.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. Debt stock-flow reconciliation Total change in external debt stocks 7.7 -40.6 2.2 16.3 27.0 4.4 18.0 28.5 Net flows on external debt 13.6 -28.1 -1.2 10.8 23.6 3.1 14.4 25.6 9. Debt restructurings Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total amount forgiven 0.0 3.8 0.0 0.0 0.0 0.0 0.0 0.0 Debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 4.2 5.3 6.4 6.0 6.0 6.0 6.0 6.0 Interest 1.9 1.8 1.7 1.7 1.6 1.5 1.8 1.7 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Long-term public and publicly guaranteed debt data for 2010 and 2011 are World Bank staff estimates. Short-term debt is based on data from the BIS. 297 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 42,753 45,358 43,917 49,121 53,562 59,855 61,257 67,908 Long-term external debt 33,952 34,797 31,915 30,512 33,199 38,508 40,572 47,324 Public and publicly guaranteed 27,820 31,095 27,181 27,552 29,889 35,198 37,512 44,264 Private nonguaranteed 6,132 3,702 4,734 2,960 3,310 3,310 3,060 3,060 Use of IMF credit 616 453 477 501 488 3,987 3,917 3,905 Short-term external debt 8,186 10,108 11,525 18,108 19,875 17,360 16,768 16,679 interest arrears on long-term 59 5 2 0 0 7 7 7 Memorandum items Principal arrears on long-term 79 8 0 0 0 0 0 0 Long-term public sector debt 27,370 31,043 27,137 27,535 29,879 35,192 37,510 44,264 Long-term private sector debt 6,581 3,754 4,778 2,977 3,320 3,316 3,062 3,060 Public & publicly guaranteed commitments 1,683 6,717 1,220 1,854 4,354 7,892 5,894 8,654 External debt flows Disbursements 2,343 7,250 1,751 2,053 5,490 6,068 4,729 9,266 Long-term external debt 2,343 7,250 1,751 2,053 5,490 6,068 4,729 9,266 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,428 2,385 2,222 2,109 2,745 812 1,135 2,518 Long-term external debt 2,921 2,385 2,222 2,109 2,745 812 1,135 2,518 IMF repurchases 507 0 0 0 0 0 0 0 Net flows -384 7,136 949 6,529 4,512 2,734 3,003 6,659 Long-term external debt -577 4,865 -471 -56 2,745 5,256 3,595 6,748 Short-term external debt 700 2,271 1,420 6,585 1,767 -2,522 -592 -89 Interest payments 2,949 2,945 3,343 3,634 3,345 2,991 3,320 3,663 Long-term external debt 2,435 2,656 2,851 2,585 2,859 2,765 3,089 3,399 IMF charges 46 14 19 17 4 9 13 4 Short-term external debt 467 275 473 1,033 482 217 218 259 2. Other non-debt resource inflows Foreign direct investment 4,701 2,706 198 2,594 409 -3,046 777 5,316 Portfolio equity -574 28 41 50 0 119 10 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 11.5 14.1 14.8 8.2 6.7 5.8 3.6 Japanese yen 1.9 0.5 0.7 1.0 1.0 0.8 0.4 0.2 Pound sterling 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.4 0.0 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 83.3 83.6 80.7 81.5 88.7 91.0 92.6 95.5 4. Average terms of new commitments Official creditors Interest (%) 8.0 6.2 5.6 5.7 3.2 2.8 2.5 2.9 Maturity (years) 12.8 10.4 18.0 20.0 18.0 16.8 15.4 19.1 Grace period (years) 2.6 2.7 7.8 10.5 5.5 5.3 3.1 2.6 Private creditors Interest (%) 8.2 6.6 5.7 7.0 9.2 8.1 12.8 11.1 Maturity (years) 7.1 13.8 11.7 30.2 17.5 12.5 12.0 16.9 Grace period (years) 2.5 13.7 5.2 30.2 17.5 12.5 0.3 16.0 5. Major economic aggregates Gross national income (GNI) 115,760 143,314 182,433 232,911 316,011 326,285 389,399 311,168 Exports of goods, services & prim. income 37,760 61,208 75,348 82,021 105,408 62,093 69,523 96,709 Personal transfers & comp. of employees 17 148 165 151 137 131 143 138 Imports of goods, services & prim. income 25,737 36,093 48,808 64,114 70,735 55,767 56,884 69,008 Primary income on FDI 1,424 3,895 6,540 4,733 4,608 2,413 3,889 5,789 Current account balance 11,853 25,053 26,462 17,353 34,098 6,035 12,071 27,205 International reserves 13,088 23,919 29,417 24,196 33,098 21,703 13,137 9,930 6. Ratios External debt stocks to exports (%) 113.2 74.1 58.3 59.9 50.8 96.4 88.1 70.2 External debt stocks to GNI (%) 36.9 31.6 24.1 21.1 16.9 18.3 15.7 21.8 Debt service to exports (%) 16.9 8.7 7.4 7.0 5.8 6.1 6.4 6.4 Short-term to external debt stocks (%) 19.1 22.3 26.2 36.9 37.1 29.0 27.4 24.6 Multilateral to external debt stocks (%) 7.5 6.2 6.9 5.1 5.0 5.2 7.2 8.2 Reserves to external debt stocks (%) 30.6 52.7 67.0 49.3 61.8 36.3 21.4 14.6 Reserves to imports (months) 6.1 8.0 7.2 4.5 5.6 4.7 2.8 1.7 298 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 33,952 34,797 31,915 30,512 33,199 38,508 40,572 47,324 Public and publicly guaranteed 27,820 31,095 27,181 27,552 29,889 35,198 37,512 44,264 Official creditors 6,180 3,434 3,827 3,410 3,550 4,144 5,382 6,719 Multilateral 3,218 2,803 3,042 2,503 2,701 3,133 4,440 5,574 of which: IBRD 972 200 51 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 2,961 632 785 907 849 1,011 942 1,145 Private creditors 21,640 27,661 23,354 24,142 26,339 31,054 32,130 37,546 of which: Bonds 16,217 23,546 19,478 20,675 23,353 28,360 29,762 35,769 Commercial banks 3,490 3,172 2,855 2,584 2,345 2,205 2,012 1,521 Private nonguaranteed 6,132 3,702 4,734 2,960 3,310 3,310 3,060 3,060 of which: Bonds 3,880 3,670 4,734 2,960 3,310 3,310 3,060 3,060 Disbursements 2,343 7,250 1,751 2,053 5,490 6,068 4,729 9,266 Public and publicly guaranteed 2,343 7,250 1,651 2,053 4,840 6,068 4,729 9,266 Official creditors 787 406 1,110 535 645 1,035 1,707 2,060 Multilateral 403 177 831 325 556 735 1,647 1,646 of which: IBRD 50 13 9 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 385 229 279 210 88 300 60 414 Private creditors 1,556 6,844 541 1,518 4,196 5,033 3,023 7,206 of which: Bonds 462 6,143 0 1,250 4,000 4,992 3,000 7,200 Commercial banks 667 356 151 135 145 30 10 6 Private nonguaranteed 0 0 100 0 650 0 0 0 of which: Bonds 0 0 100 0 650 0 0 0 Principal repayments 2,921 2,385 2,222 2,109 2,745 812 1,135 2,518 Public and publicly guaranteed 2,265 1,698 1,644 1,835 2,445 812 885 2,518 Official creditors 613 739 738 992 527 450 479 725 Multilateral 356 531 609 874 377 300 340 511 of which: IBRD 208 106 159 50 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 257 208 129 118 150 150 139 214 Private creditors 1,652 959 906 843 1,918 362 406 1,793 of which: Bonds 1,119 226 0 32 1,295 0 119 1,186 Commercial banks 372 441 558 492 348 190 160 510 Private nonguaranteed 655 687 578 274 300 0 250 0 of which: Bonds 0 0 546 274 300 0 250 0 Interest payments 2,435 2,656 2,851 2,585 2,859 2,765 3,089 3,399 Public and publicly guaranteed 1,867 2,308 2,412 2,314 2,525 2,441 2,789 3,120 Official creditors 343 204 219 243 235 186 177 205 Multilateral 259 163 176 195 162 138 137 150 of which: IBRD 91 10 6 1 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 84 41 44 49 73 48 40 54 Private creditors 1,524 2,103 2,193 2,070 2,290 2,255 2,612 2,916 of which: Bonds 1,298 1,747 1,834 1,751 2,005 2,024 2,411 2,721 Commercial banks 176 297 288 264 241 210 194 190 Private nonguaranteed 568 349 439 271 334 324 301 278 of which: Bonds 304 296 392 271 274 281 269 256 8. Debt stock-flow reconciliation Total change in external debt stocks -731 6,060 -1,441 5,204 4,441 6,293 1,402 6,651 Net flows on external debt -384 7,136 949 6,529 4,512 2,734 3,003 6,659 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 1 2 1 1 1 Debt buyback 0 419 4,292 177 4 0 1,490 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 519 555 497 483 604 557 607 503 Interest 209 210 204 196 185 173 159 145 Private creditors Principal 1,376 1,789 2,003 1,537 2,192 184 2,367 2,591 Interest 3,813 3,699 3,523 3,308 3,178 3,104 3,064 2,878 Notes: Long-term private nonguaranteed debt data only cover Bonds. Short-term debt from 1997 is based on Central Bank data. 299 VIETNAM (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 12,859 19,039 18,649 23,285 26,488 33,085 49,343 57,841 Long-term external debt 11,558 16,193 15,969 18,416 22,014 27,321 41,864 47,381 Public and publicly guaranteed 11,558 16,193 15,969 18,416 22,014 27,321 32,755 36,599 Private nonguaranteed 0 0 0 0 0 0 9,109 10,782 Use of IMF credit 378 272 252 239 195 578 529 496 Short-term external debt 923 2,574 2,427 4,630 4,279 5,186 6,949 9,964 interest arrears on long-term 78 74 0 0 1 0 0 0 Memorandum items Principal arrears on long-term 1,378 1,346 0 0 0 0 0 0 Long-term public sector debt 11,558 16,193 15,969 18,416 22,014 27,321 32,755 36,483 Long-term private sector debt 0 0 0 0 0 0 9,109 10,898 Public & publicly guaranteed commitments 1,196 2,724 3,285 4,318 5,380 6,591 5,667 18,966 External debt flows Disbursements 1,272 2,047 1,249 2,440 2,799 4,730 6,867 6,714 Long-term external debt 1,272 2,047 1,249 2,440 2,799 4,730 6,867 6,714 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 958 534 510 642 809 952 2,008 2,395 Long-term external debt 937 480 477 617 770 914 1,970 2,362 IMF repurchases 21 54 33 25 39 38 38 33 Net flows 472 1,926 667 4,001 1,638 4,686 6,622 7,335 Long-term external debt 335 1,567 772 1,823 2,029 3,816 4,897 4,352 Short-term external debt 158 413 -73 2,203 -352 908 1,763 3,015 Interest payments 352 435 455 616 599 538 787 1,001 Long-term external debt 296 317 328 418 464 476 707 895 IMF charges 5 3 4 3 1 2 2 1 Short-term external debt 51 115 123 194 134 61 79 106 2. Other non-debt resource inflows Foreign direct investment 1,298 1,954 2,400 6,700 9,579 7,600 8,000 7,430 Portfolio equity 0 115 1,313 6,243 -578 128 2,383 1,064 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.7 6.8 7.3 6.7 8.2 9.1 8.2 Japanese yen 23.6 26.3 29.2 30.0 35.1 30.8 30.9 31.4 Pound sterling 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 43.2 44.7 42.2 41.8 39.5 43.3 48.1 47.8 4. Average terms of new commitments Official creditors Interest (%) 1.4 1.3 2.3 2.3 2.1 1.2 1.0 2.2 Maturity (years) 36.0 33.5 31.6 28.8 30.2 29.0 28.8 29.6 Grace period (years) 9.5 9.1 8.4 9.1 8.6 8.1 8.2 8.7 Private creditors Interest (%) 0.0 6.9 6.2 6.9 5.4 1.7 4.8 2.7 Maturity (years) 0.0 10.2 14.6 13.1 11.2 11.9 11.8 13.5 Grace period (years) 0.0 10.1 3.2 3.2 2.4 3.0 7.0 3.7 5. Major economic aggregates Gross national income (GNI) 30,726 51,859 59,487 68,845 88,145 92,614 102,008 117,763 Exports of goods, services & prim. income 17,481 36,987 45,594 55,757 71,048 63,615 80,153 106,180 Personal transfers & comp. of employees .. 3,150 3,800 6,180 6,805 6,020 8,260 8,600 Imports of goods, services & prim. income 18,107 40,927 49,807 69,140 89,182 76,671 92,314 114,629 Primary income on FDI .. .. .. .. .. .. .. .. Current account balance 1,106 -560 -164 -6,953 -10,823 -6,608 -4,276 236 International reserves 3,417 9,051 13,384 23,479 23,890 16,447 12,467 13,539 6. Ratios External debt stocks to exports (%) 73.6 51.5 40.9 41.8 37.3 52.0 61.6 54.5 External debt stocks to GNI (%) 41.9 36.7 31.3 33.8 30.1 35.7 48.4 49.1 Debt service to exports (%) 7.5 2.6 2.1 2.3 2.0 2.3 3.5 3.2 Short-term to external debt stocks (%) 7.2 13.5 13.0 19.9 16.2 15.7 14.1 17.2 Multilateral to external debt stocks (%) 14.7 27.0 31.4 30.6 30.4 31.9 25.4 24.9 Reserves to external debt stocks (%) 26.6 47.5 71.8 100.8 90.2 49.7 25.3 23.4 Reserves to imports (months) 2.3 2.7 3.2 4.1 3.2 2.6 1.6 1.4 300 VIETNAM (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 11,558 16,193 15,969 18,416 22,014 27,321 41,864 47,381 Public and publicly guaranteed 11,558 16,193 15,969 18,416 22,014 27,321 32,755 36,599 Official creditors 8,680 14,259 14,117 16,261 19,370 23,939 27,426 31,031 Multilateral 1,895 5,144 5,860 7,124 8,045 10,569 12,537 14,374 of which: IBRD 0 0 0 0 0 0 700 794 IDA 1,113 3,187 3,663 4,549 5,074 6,270 7,010 7,951 Bilateral 6,785 9,115 8,256 9,137 11,325 13,370 14,889 16,657 Private creditors 2,878 1,934 1,853 2,155 2,644 3,382 5,329 5,568 of which: Bonds 534 1,145 1,104 1,064 1,033 1,301 2,020 2,001 Commercial banks 1,658 454 484 890 1,418 1,936 3,147 3,430 Private nonguaranteed 0 0 0 0 0 0 9,109 10,782 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 1,272 2,047 1,249 2,440 2,799 4,730 6,867 6,714 Public and publicly guaranteed 1,272 2,047 1,249 2,440 2,799 4,730 5,582 4,587 Official creditors 1,176 1,261 1,172 2,006 2,202 4,104 3,665 3,945 Multilateral 395 639 548 1,013 918 2,359 2,069 2,027 of which: IBRD 0 0 0 0 0 0 700 94 IDA 174 391 340 748 592 1,206 853 1,050 Bilateral 781 622 623 994 1,284 1,745 1,596 1,918 Private creditors 96 786 78 433 597 627 1,918 642 of which: Bonds 0 750 0 0 0 0 1,000 0 Commercial banks 9 36 78 433 597 627 918 642 Private nonguaranteed 0 0 0 0 0 0 1,285 2,127 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 937 480 477 617 770 914 1,970 2,362 Public and publicly guaranteed 937 480 477 617 770 914 1,047 1,181 Official creditors 134 303 313 456 587 686 734 803 Multilateral 6 31 43 61 80 126 160 206 of which: IBRD 0 0 0 0 0 0 0 0 IDA 2 14 23 30 37 47 52 62 Bilateral 128 272 270 395 507 560 575 597 Private creditors 802 177 164 161 183 228 313 378 of which: Bonds 0 41 41 41 31 39 19 19 Commercial banks 617 58 55 52 93 141 236 331 Private nonguaranteed 0 0 0 0 0 0 923 1,181 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 296 317 328 418 464 476 707 895 Public and publicly guaranteed 296 317 328 418 464 476 563 686 Official creditors 77 256 234 300 329 344 398 454 Multilateral 14 52 55 64 75 87 110 137 of which: IBRD 0 0 0 0 0 0 5 6 IDA 7 30 33 34 38 40 47 59 Bilateral 63 204 179 236 254 257 287 317 Private creditors 218 61 94 118 135 132 165 232 of which: Bonds 21 21 56 70 69 74 93 126 Commercial banks 153 24 26 34 55 55 69 101 Private nonguaranteed 0 0 0 0 0 0 144 209 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -10,389 1,046 -390 4,636 3,203 6,597 16,258 8,497 Net flows on external debt 472 1,926 667 4,001 1,638 4,686 6,622 7,335 9. Debt restructurings Total amount rescheduled 0 201 0 0 0 0 3 5 Total amount forgiven 10,395 3 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 1,212 1,524 1,689 1,724 1,856 1,856 2,002 2,320 Interest 577 598 754 786 799 797 783 761 Private creditors Principal 3,361 2,493 2,380 1,677 2,340 1,365 1,203 1,006 Interest 818 705 589 489 386 292 235 186 Notes: Arrears were removed from 2006 based on reports provided by the country. Long-term private nonguaranteed debt data for 2010 and 2011 are provided by the country. 301 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 5,162 5,501 5,706 6,152 6,319 6,734 6,682 6,418 Long-term external debt 4,109 4,814 5,099 5,524 5,696 5,875 5,933 5,876 Public and publicly guaranteed 4,109 4,814 5,099 5,524 5,696 5,875 5,933 5,876 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 355 333 289 215 140 417 436 410 Short-term external debt 699 353 318 413 483 442 313 131 interest arrears on long-term 27 94 100 107 112 117 124 131 Memorandum items Principal arrears on long-term 297 193 143 151 160 165 173 180 Long-term public sector debt 4,109 4,814 5,099 5,524 5,696 5,875 5,933 5,876 Long-term private sector debt 0 0 0 0 0 0 0 0 Public & publicly guaranteed commitments 327 207 328 332 410 200 339 344 External debt flows Disbursements 137 265 353 390 285 332 340 101 Long-term external debt 137 265 353 390 285 332 287 101 IMF purchases 0 0 0 0 0 0 53 0 Principal repayments 153 150 161 199 206 184 182 200 Long-term external debt 81 94 101 113 134 140 155 175 IMF repurchases 71 56 60 87 71 44 27 25 Net flows 270 176 151 278 145 102 22 -288 Long-term external debt 56 171 252 277 151 192 132 -74 Short-term external debt 285 61 -41 88 65 -46 -136 -189 Interest payments 92 64 76 74 79 80 79 75 Long-term external debt 45 55 67 65 70 72 74 74 IMF charges 12 4 5 4 1 1 1 0 Short-term external debt 35 4 4 5 7 6 4 0 2. Other non-debt resource inflows Foreign direct investment 6 -302 1,121 917 1,555 129 -93 -713 Portfolio equity 0 0 0 0 0 0 0 0 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 1.7 1.8 1.9 1.8 1.9 1.8 1.8 Japanese yen 7.7 6.4 5.9 5.5 6.2 5.8 5.1 5.4 Pound sterling 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.2 67.3 65.2 61.8 59.5 58.8 57.3 56.6 4. Average terms of new commitments Official creditors Interest (%) 0.9 2.4 1.9 2.7 2.5 2.1 1.4 2.5 Maturity (years) 35.2 30.0 28.4 22.5 27.7 26.3 16.3 25.0 Grace period (years) 8.9 8.3 7.8 5.8 6.9 6.8 3.7 1.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 8,863 15,139 17,846 20,306 25,001 23,959 29,133 31,329 Exports of goods, services & prim. income 4,158 6,963 8,181 8,158 10,504 7,207 9,316 9,963 Personal transfers & comp. of employees 1,288 1,283 1,283 1,322 1,411 1,160 1,526 1,404 Imports of goods, services & prim. income 4,221 7,745 9,332 11,092 13,918 11,287 12,821 13,126 Primary income on FDI 855 1,603 1,403 1,390 1,875 927 1,408 2,240 Current account balance 1,337 624 206 -1,508 -1,251 -2,565 -1,381 -1,029 International reserves 2,900 6,115 7,512 7,715 8,111 6,936 5,868 4,449 6. Ratios External debt stocks to exports (%) 124.2 79.0 69.7 75.4 60.2 93.4 71.7 64.4 External debt stocks to GNI (%) 58.2 36.3 32.0 30.3 25.3 28.1 22.9 20.5 Debt service to exports (%) 5.9 3.1 2.9 3.3 2.7 3.7 2.8 2.8 Short-term to external debt stocks (%) 13.5 6.4 5.6 6.7 7.7 6.6 4.7 2.0 Multilateral to external debt stocks (%) 32.5 40.3 43.9 47.2 48.1 46.9 49.1 50.6 Reserves to external debt stocks (%) 56.2 111.2 131.6 125.4 128.4 103.0 87.8 69.3 Reserves to imports (months) 8.2 9.5 9.7 8.3 7.0 7.4 5.5 4.1 302 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 4,109 4,814 5,099 5,524 5,696 5,875 5,933 5,876 Public and publicly guaranteed 4,109 4,814 5,099 5,524 5,696 5,875 5,933 5,876 Official creditors 4,046 4,807 5,092 5,517 5,690 5,871 5,930 5,874 Multilateral 1,676 2,219 2,507 2,901 3,036 3,159 3,283 3,248 of which: IBRD 0 0 0 0 0 0 0 0 IDA 1,216 1,689 1,894 2,058 2,113 2,187 2,180 2,135 Bilateral 2,370 2,588 2,584 2,616 2,654 2,712 2,647 2,626 Private creditors 63 7 7 7 6 5 3 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 53 7 7 7 6 5 3 2 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 137 265 353 390 285 332 287 101 Public and publicly guaranteed 137 265 353 390 285 332 287 101 Official creditors 137 265 353 390 285 332 287 101 Multilateral 111 217 262 345 241 212 246 80 of which: IBRD 0 0 0 0 0 0 0 0 IDA 65 129 160 122 108 101 73 13 Bilateral 27 49 91 45 44 120 41 21 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 81 94 101 113 134 140 155 175 Public and publicly guaranteed 81 94 101 113 134 140 155 175 Official creditors 81 94 101 112 133 139 154 174 Multilateral 60 58 61 66 78 84 97 114 of which: IBRD 0 0 0 0 0 0 0 0 IDA 14 27 31 34 38 42 45 52 Bilateral 20 36 39 46 55 55 56 60 Private creditors 0 0 0 1 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 1 1 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 45 55 67 65 70 72 74 74 Public and publicly guaranteed 45 55 67 65 70 72 74 74 Official creditors 45 55 67 65 70 72 74 74 Multilateral 21 27 30 34 38 40 40 42 of which: IBRD 0 0 0 0 0 0 0 0 IDA 9 15 15 15 16 15 16 17 Bilateral 24 28 37 31 32 32 34 32 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -1,119 -116 205 447 166 416 -53 -264 Net flows on external debt 270 176 151 278 145 102 22 -288 9. Debt restructurings Total amount rescheduled 123 65 0 0 0 0 0 0 Total amount forgiven 9 116 123 8 20 0 93 2 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 263 290 310 312 320 317 324 326 Interest 87 93 94 92 88 83 77 72 Private creditors Principal 1 1 1 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Short-term debt is based on data from the BIS. 303 ZAMBIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 5,811 5,461 2,376 2,857 3,080 3,774 4,411 4,360 Long-term external debt 4,508 4,538 1,788 2,087 2,205 2,220 2,104 2,897 Public and publicly guaranteed 4,444 3,942 962 1,107 1,157 1,200 1,309 1,380 Private nonguaranteed 65 596 826 981 1,049 1,020 794 1,517 Use of IMF credit 1,227 689 144 195 201 1,080 1,117 1,137 Short-term external debt 76 234 443 575 674 474 1,191 326 interest arrears on long-term 33 90 140 149 152 154 167 167 Memorandum items Principal arrears on long-term 137 340 315 316 319 320 321 323 Long-term public sector debt 4,413 3,939 962 1,106 1,157 1,200 1,309 1,379 Long-term private sector debt 95 599 827 981 1,049 1,020 795 1,518 Public & publicly guaranteed commitments 330 58 139 144 133 175 779 288 External debt flows Disbursements 287 235 445 357 250 369 251 234 Long-term external debt 261 218 421 315 239 126 195 205 IMF purchases 26 16 24 42 11 244 56 29 Principal repayments 98 215 87 75 114 122 87 136 Long-term external debt 98 136 87 75 114 122 86 130 IMF repurchases 0 79 0 0 0 0 1 5 Net flows 159 88 517 405 232 45 868 -767 Long-term external debt 163 82 334 240 125 4 109 75 Short-term external debt -30 69 159 123 96 -202 704 -865 Interest payments 92 69 57 49 53 49 62 53 Long-term external debt 80 58 44 32 39 36 29 48 IMF charges 10 7 4 4 1 3 2 1 Short-term external debt 3 4 9 13 13 10 31 4 2. Other non-debt resource inflows Foreign direct investment 122 357 616 1,324 939 695 1,729 1,982 Portfolio equity 6 5 2 4 -6 -13 101 11 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 5.9 20.4 18.2 14.8 13.3 10.6 8.5 Japanese yen 13.9 1.2 0.0 0.0 0.0 0.0 0.1 0.1 Pound sterling 3.9 5.1 0.7 0.5 0.3 0.4 0.3 0.3 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 61.7 72.9 39.4 41.3 39.3 37.4 34.0 35.5 4. Average terms of new commitments Official creditors Interest (%) 0.8 0.8 1.2 1.3 0.8 0.6 1.7 0.6 Maturity (years) 39.6 35.8 29.5 31.5 46.3 34.1 23.5 44.1 Grace period (years) 10.1 8.2 8.0 7.7 10.3 9.1 7.0 6.2 Private creditors Interest (%) 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 3.9 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 3,082 6,586 9,534 10,055 13,241 11,442 14,300 17,644 Exports of goods, services & prim. income 891 2,533 4,191 4,818 5,291 4,564 7,733 9,058 Personal transfers & comp. of employees .. 53 58 59 68 41 44 46 Imports of goods, services & prim. income 1,567 3,239 4,411 6,047 6,890 4,543 7,021 9,221 Primary income on FDI 71 461 1,107 1,474 1,346 265 1,303 1,500 Current account balance -662 -600 142 -698 -1,039 537 1,144 215 International reserves 245 560 720 1,090 1,096 1,892 2,094 2,324 6. Ratios External debt stocks to exports (%) 652.0 215.6 56.7 59.3 58.2 82.7 57.0 48.1 External debt stocks to GNI (%) 188.6 82.9 24.9 28.4 23.3 33.0 30.8 24.7 Debt service to exports (%) 21.2 11.2 3.5 2.6 3.2 3.7 1.9 2.1 Short-term to external debt stocks (%) 1.3 4.3 18.7 20.1 21.9 12.6 27.0 7.5 Multilateral to external debt stocks (%) 41.4 57.2 28.5 26.7 26.6 23.1 20.9 22.2 Reserves to external debt stocks (%) 4.2 10.3 30.3 38.1 35.6 50.1 47.5 53.3 Reserves to imports (months) 1.9 2.1 2.0 2.2 1.9 5.0 3.6 3.0 304 ZAMBIA (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 4,508 4,538 1,788 2,087 2,205 2,220 2,104 2,897 Public and publicly guaranteed 4,444 3,942 962 1,107 1,157 1,200 1,309 1,380 Official creditors 4,412 3,646 914 1,059 1,108 1,158 1,276 1,355 Multilateral 2,403 3,125 678 762 818 871 924 966 of which: IBRD 25 0 0 0 0 0 0 0 IDA 1,823 2,488 260 323 371 407 430 492 Bilateral 2,009 521 236 297 290 287 353 389 Private creditors 31 295 48 48 48 42 33 25 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 65 596 826 981 1,049 1,020 794 1,517 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 261 218 421 315 239 126 195 205 Public and publicly guaranteed 251 114 164 118 118 91 168 112 Official creditors 251 114 164 118 108 91 168 112 Multilateral 249 109 108 79 100 70 96 76 of which: IBRD 0 0 0 0 0 0 0 0 IDA 210 77 40 51 51 33 32 68 Bilateral 2 5 56 39 8 21 72 36 Private creditors 0 0 0 0 10 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 10 105 257 197 121 35 27 93 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 98 136 87 75 114 122 86 130 Public and publicly guaranteed 79 71 51 32 61 59 47 48 Official creditors 79 59 51 32 52 52 38 40 Multilateral 51 21 25 30 29 28 25 27 of which: IBRD 8 0 0 0 0 0 0 0 IDA 4 1 1 0 1 1 2 3 Bilateral 28 38 26 3 23 24 13 13 Private creditors 1 12 0 0 8 7 8 8 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 18 66 36 43 53 63 40 82 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 80 58 44 32 39 36 29 48 Public and publicly guaranteed 76 29 21 9 14 13 11 13 Official creditors 76 29 21 9 14 13 11 13 Multilateral 33 25 17 8 9 8 8 8 of which: IBRD 3 0 0 0 0 0 0 0 IDA 13 16 8 2 3 3 3 4 Bilateral 42 4 4 2 5 5 3 5 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 4 28 23 23 24 24 18 35 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -142 -2,079 -3,085 482 223 695 637 -51 Net flows on external debt 159 88 517 405 232 45 868 -767 9. Debt restructurings Total amount rescheduled 169 58 9 51 0 0 0 0 Total amount forgiven 56 1,643 3,592 11 12 3 3 2 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 56 50 54 57 89 97 99 103 Interest 16 18 20 21 21 21 20 19 Private creditors Principal 345 243 218 128 103 77 64 52 Interest 67 49 34 25 18 12 7 4 Notes: Long-term public and publicly guaranteed from 2007-2008, long-term private nonguaranteed from 2007, and short-term debt data for 2011 are World Bank staff estimates based on reports provided by the country. Short-term debt for 2011 only includes private nonguaranteed short-term debt. Data include the effects of HIPC and MDRI debt relief. 305 ZIMBABWE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 1. Summary external debt data External debt stocks 3,841 4,225 4,629 5,355 5,256 5,413 5,866 6,275 Long-term external debt 2,979 3,209 3,393 3,765 3,729 3,809 4,262 4,554 Public and publicly guaranteed 2,774 3,177 3,367 3,690 3,640 3,720 3,666 3,650 Private nonguaranteed 205 32 26 75 89 89 596 904 Use of IMF credit 294 125 128 134 129 542 529 527 Short-term external debt 568 891 1,108 1,456 1,398 1,062 1,076 1,194 interest arrears on long-term 55 534 619 753 807 915 939 1,008 Memorandum items Principal arrears on long-term 167 1,514 1,779 2,084 2,184 2,419 2,480 2,559 Long-term public sector debt 2,767 3,170 3,367 3,690 3,640 3,720 3,666 3,650 Long-term private sector debt 212 39 26 75 89 89 596 904 Public & publicly guaranteed commitments 50 11 201 0 0 0 0 0 External debt flows Disbursements 185 25 45 227 94 79 862 1,409 Long-term external debt 185 25 45 227 94 79 862 1,409 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 282 210 38 55 57 66 341 1,091 Long-term external debt 212 45 35 55 55 66 337 1,091 IMF repurchases 70 165 3 0 2 0 4 0 Net flows -330 -224 138 386 -75 -431 512 366 Long-term external debt -27 -20 10 172 39 13 525 317 Short-term external debt -233 -40 132 214 -112 -444 -10 49 Interest payments 139 27 54 42 26 36 34 46 Long-term external debt 81 7 4 14 10 30 31 43 IMF charges 11 1 24 1 0 1 1 0 Short-term external debt 48 19 27 27 16 5 2 3 2. Other non-debt resource inflows Foreign direct investment 23 103 40 69 52 105 166 387 Portfolio equity .. .. .. .. .. .. .. .. 3. Currency composition of public and publicly guaranteed debt (%) Euro .. 31.6 33.2 33.8 32.4 33.0 31.5 30.8 Japanese yen 5.4 5.4 5.0 4.8 6.1 5.8 6.7 7.2 Pound sterling 5.5 6.0 6.4 5.9 4.5 4.8 4.7 4.7 Swiss franc 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5 U.S.dollars 29.9 28.7 27.9 29.5 30.5 30.1 30.3 30.4 4. Average terms of new commitments Official creditors Interest (%) 4.8 3.0 6.1 0.0 0.0 0.0 0.9 0.3 Maturity (years) 12.9 15.0 4.1 0.0 0.0 0.0 24.5 21.0 Grace period (years) 3.6 4.5 0.5 0.0 0.0 0.0 7.0 5.5 Private creditors Interest (%) 13.9 6.5 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 9.8 5.5 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 0.9 0.0 0.0 0.0 0.0 0.0 0.0 5. Major economic aggregates Gross national income (GNI) 6,329 5,479 5,131 4,928 4,191 5,636 7,278 9,690 Exports of goods, services & prim. income .. .. .. .. .. .. .. .. Personal transfers & comp. of employees .. .. .. .. .. .. .. .. Imports of goods, services & prim. income .. .. .. .. .. .. .. .. Primary income on FDI .. .. .. .. .. .. .. .. Current account balance .. -532 -356 -342 -762 .. .. .. International reserves 193 .. .. .. .. .. .. .. 6. Ratios External debt stocks to exports (%) .. .. .. .. .. .. .. .. External debt stocks to GNI (%) 60.7 77.1 90.2 108.7 125.4 96.1 80.6 64.8 Debt service to exports (%) .. .. .. .. .. .. .. .. Short-term to external debt stocks (%) 14.8 21.1 23.9 27.2 26.6 19.6 18.3 19.0 Multilateral to external debt stocks (%) 35.2 35.2 33.4 30.1 30.5 29.9 27.2 25.3 Reserves to external debt stocks (%) 5.0 .. .. .. .. .. .. .. Reserves to imports (months) .. .. .. .. .. .. .. .. 306 ZIMBABWE (US$ million, unless otherwise indicated) 2000 2005 2006 2007 2008 2009 2010 2011 7. Long-term external debt Debt outstanding and disbursed 2,979 3,209 3,393 3,765 3,729 3,809 4,262 4,554 Public and publicly guaranteed 2,774 3,177 3,367 3,690 3,640 3,720 3,666 3,650 Official creditors 2,437 2,771 2,926 3,224 3,214 3,273 3,233 3,220 Multilateral 1,352 1,485 1,547 1,611 1,605 1,618 1,593 1,588 of which: IBRD 416 437 445 455 464 463 463 463 IDA 437 478 501 522 519 522 513 511 Bilateral 1,085 1,286 1,379 1,613 1,610 1,655 1,640 1,633 Private creditors 337 406 441 466 425 446 432 430 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 198 264 287 306 264 279 267 261 Private nonguaranteed 205 32 26 75 89 89 596 904 of which: Bonds 0 0 0 0 0 0 0 0 Disbursements 185 25 45 227 94 79 862 1,409 Public and publicly guaranteed 139 25 28 160 28 13 20 10 Official creditors 125 17 23 160 13 13 19 5 Multilateral 44 7 2 0 0 0 0 2 of which: IBRD 19 0 0 0 0 0 0 0 IDA 8 0 0 0 0 0 0 0 Bilateral 81 10 21 160 13 13 19 3 Private creditors 15 8 5 0 14 0 0 5 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 11 4 0 0 0 0 0 0 Private nonguaranteed 46 0 17 68 66 66 843 1,398 of which: Bonds 0 0 0 0 0 0 0 0 Principal repayments 212 45 35 55 55 66 337 1,091 Public and publicly guaranteed 147 31 13 36 3 0 1 1 Official creditors 114 21 11 36 3 0 1 1 Multilateral 77 5 2 3 3 0 0 0 of which: IBRD 46 2 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Bilateral 37 16 9 33 0 0 1 1 Private creditors 33 10 2 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 12 1 0 0 0 0 0 0 Private nonguaranteed 65 14 22 19 52 66 336 1,091 of which: Bonds 0 0 0 0 0 0 0 0 Interest payments 81 7 4 14 10 30 31 43 Public and publicly guaranteed 64 3 2 13 5 14 13 14 Official creditors 51 2 2 13 5 14 13 14 Multilateral 37 2 0 0 1 0 0 0 of which: IBRD 26 1 0 0 0 0 0 0 IDA 1 0 0 0 0 0 0 0 Bilateral 14 0 2 12 4 14 13 14 Private creditors 13 1 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 17 4 2 1 5 16 18 29 of which: Bonds 0 0 0 0 0 0 0 0 8. Debt stock-flow reconciliation Total change in external debt stocks -496 -554 404 726 -99 157 453 410 Net flows on external debt -330 -224 138 386 -75 -431 512 366 9. Debt restructurings Total amount rescheduled 0 0 0 0 0 0 0 0 Total amount forgiven 0 0 0 0 0 0 0 0 Debt buyback 0 0 0 0 0 0 0 0 10. Contractual obligations on outstanding long-term external debt 2012 2013 2014 2015 2016 2017 2018 2019 Official creditors Principal 262 134 89 64 58 56 55 54 Interest 27 17 13 11 10 9 8 7 Private creditors Principal 98 98 98 98 97 97 97 97 Interest 25 22 19 16 14 11 8 5 Notes: Short-term debt is based on data from the BIS. 307 . About the Data Data Sources tables in this publication and online database are T he principal sources of information for the produced. tables in this volume are reports to the World Data on exports and imports (on a balance Bank through the World Bank’s Debtor Reporting of payments basis), international reserves, current System (DRS) from member countries that have account balances, foreign direct investment (FDI), received either International Bank for Reconstruc- portfolio equity flows, and primary income of tion and Development (IBRD) loans or Interna- FDI are drawn mainly from the files of the IMF, tional Development Association (IDA) credits. supplemented by United Nations Conference on The DRS has its origin in the World Bank’s need Trade and Development (UNCTAD) reports and to monitor and assess the financial position of country data. Balance of payments data are pre- its borrowers. Since 1951, borrowers have been sented according to the sixth edition of the IMF’s required to provide statistics on their public ex- Balance of Payments Manual (BPM6). Official aid ternal debt and private sector debt that benefits flows come from data collected and published by from a public guarantee. In its design, consistency, the Development Assistance Committee (DAC) of and continuity of coverage, the DRS is a unique the Organisation for Economic Co-operation and resource. Reporting countries submit detailed re- Development (OECD). Short-term external debt ports on the annual status, transactions, and terms data are as reported by debtor countries or are of the long-term external debt of public agencies estimates based on the Bank for International Settle- and that of private ones guaranteed by a public ments (BIS) quarterly series of commercial banks’ agency in the debtor country. The DRS maintains claims on developing countries. For some countries, these records on a loan-by-loan basis. In 1973, estimates were prepared by pooling creditor and coverage of the DRS was expanded to include pri- debtor information. Data on the gross national vate sector nonguaranteed borrowing, but for this income of most developing countries are collected category of debt, data are provided by borrowers from national statistical organizations or central in aggregate rather than loan by loan. banks by visiting and resident World Bank missions. Data submitted to the DRS are processed in Every effort has been made to ensure the accu- the World Bank External Debt (WBXD) system, racy and completeness of the external debt sta- along with additional information received from tistics. Coverage has been improved through the the files of the African Development Bank, the efforts of the reporting agencies and close collabo- Asian Development Bank, the Inter-American ration between the Bank and our partners, Com- Development Bank (IDB), the International Mon- monwealth Secretariat (COMSEC) and UNCTAD, etary Fund (IMF), institutions of the World Bank which provide debt recording and reporting sys- Group (IBRD and IDA), and the European Bank tems across the globe, as well as through the work for Reconstruction and Development (EBRD). of the World Bank missions, which visit member The WBXD is an internal system of the World countries to gather data and to provide technical Bank. Among its outputs is the International assistance on debt issues. Nevertheless, quality Debt Statistics (IDS) database, from which the and coverage vary among debtors and may also 309 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 vary for the same debtor from year to year. Data sharply during the year. Projected debt service is on long-term external debt reported by member converted to U.S. dollars at rates in effect at the countries are checked against, and supplemented end of December 2011. by, data from several other sources. Among these Beginning with 1991, all ruble debt owed to sources are the statements and reports of several the former Soviet Union has been converted at a regional development banks, government lending rate of US$1 = 0.6 ruble, except in cases where a agencies, and official government Web sites. bilateral agreement specifying a different conver- sion rate is in place. Adoption of this methodology does not constitute an endorsement by the World Bank staff of the appropriateness or validity of the Methodology exchange rate used. This matter must be resolved bilaterally between the Russian Federation and its Aggregations debtor countries. Total debt stock and other aggregate measures are Starting with the 1988–89 edition of World derived from the summation of loan-level data on Debt Tables (the predecessor of IDS), all data stocks and flows after conversion to a common pertaining to IBRD loans from 1985 onward are currency. Other tabulations are compiled using recorded at their current market value. Starting terms and conditions reported in the loan-level with the 1991–92 edition, all data pertaining data, such as currency composition, cancellations, to Asian Development Bank loans from 1989 rescheduling of other liabilities into long-term onward are recorded at their current market value. public and publicly guaranteed external debt, and Starting with the 1998 edition, all data pertain- debt buybacks. ing to African Development Bank and African Aggregates for regional and income groups are Development Fund loans from 1997 onward are based on the World Bank’s operational classifica- recorded at their current market value. tions, which may differ from common geographic usage or income groups used by other organiza- Debt Stock and Flow Reconciliation tions. Country classifications of DRS reporting Because of currency conversions and the timing of countries in 2011 are shown in country groups in transactions, there may be differences between the the back of the publication. The same classification change in aggregate stocks from one period to the is used for all historical data shown in Interna- next and flows during the relevant period; changes tional Debt Statistics and the online database. in debt outstanding, including undisbursed amounts, will therefore differ from commitments Currency Conversion less repayments. Data on external obligations are normally Changes in the stock of debt from one period reported to the World Bank in the currency of to the next can be attributed to five factors: the net repayment and are converted into a common cur- flow of debt, the net change in interest arrears, the rency (U.S. dollars) using official exchange rates capitalization of interest, a reduction in debt result- published by the IMF. ing from debt forgiveness or other debt reduction Commitments, disbursements, and debt ser- mechanisms, and cross-currency valuation effects. vice payments (flows) are converted to U.S. dollars Any residual difference in the change in stock not at the annual average exchange rate for the year. explained by one of those five factors may indicate Debt outstanding (disbursed and undisbursed) at inconsistencies in the reported data or specific phe- the end of a given year (stock) is converted at the nomena prevailing in an individual country (for exchange rate in effect at the end of the relevant example, an incomplete historical series for all cat- year. Consequently, year-to-year changes in debt egories of debt). Starting in 1989, the IDS includes outstanding and disbursed may not be equal to net a debt stock reconciliation, but not all components flows (disbursements less principal repayments); are shown in the IDS print edition. similarly, changes in debt outstanding (including undisbursed debt) may not equal commitments External Debt Restructuring less repayments. Discrepancies will be particu- Starting in 1985, the WBXD includes informa- larly significant when exchange rates have moved tion on restructuring of debt by official creditors 310 A B O U T T H E D A T A in the context of the Paris Club, restructuring Projections of Future Disbursements and Debt by commercial creditors, debt swap operations, Service Payments buybacks, and bond exchanges. It attempts to The WBXD system projects future disbursements capture accurately the effect of debt restructuring and future debt service payments on the assump- on both external debt stocks and external debt tion that every existing loan commitment will be flows, consistent with the terms on which the fully used and repaid in full. restructuring takes place. In the compilation and presentation of external debt data, a distinction Future Disbursements is made between cash flows and imputed flows. Disbursement projections are made using one of According to this criterion, restructured service the following methods: payments and the shift in liabilities from one financial instrument to another as a result of debt • Specific schedules. Debtor countries are restructuring are considered to be imputed flows. requested to submit a schedule of future dis- Both cash flows and imputed flows are recorded bursements, if available, at the time each new separately in WBXD. loan is first reported. The imputed flows and stock changes associ- • Standard schedules. In the absence of specific ated with debt restructuring are included in the IDS schedules, the WBXD system projects the tables and online database to complement the cash- future disbursement schedule according to the basis transactions recorded in the main body of undisbursed balance of each loan at the end of the data. Such data encompass information on the the most recent reporting period. debt stock and debt flows restructured each year, the amount of principal forgiven (interest forgiven These projected schedules are based on profiles is shown as a memorandum item), and the amount derived from the disbursement pattern of com- of external debt stock reduced either by forgiveness parable loans that fully disbursed. Thirty differ- or by a debt buyback operation. Changes in credi- ent profiles have been compiled corresponding tors and debtors that result from debt restructur- to each category of creditor and, in the case of ing are also reflected. For example, when insured official creditors, for concessional and nonconces- commercial credits are rescheduled, the creditor sional loans. Each profile is derived by applying classification shifts from private to official (bilat- regression analysis techniques to a body of data eral), reflecting the assumption of the assets by the on actual disbursements for each fully disbursed official credit insurance agencies in the creditor loan in the WBXD database. The profiles are peri- country. The IDS data will show a reduction in the odically updated to take into account the evolving external debt owed to the original private creditors pattern of disbursements observed for fully dis- equal or similar to the amount of debt restructured bursed loans. and a corresponding increase in the debt owed to Future principal payments are generated by the new official creditor. Similarly on the debtor the WBXD system according to the repayment side, when a government accepts responsibility terms of each loan. Principal repayments (amor- for the payment of restructured debt previously tization) are based on the amount of the loan owed by a private enterprise, the relevant change commitment. If the amortization schedule fol- in the debtor category will be reflected. Likewise, lows a set pattern (for example, equal semiannual if short-term external debt is restructured into a payments), the WBXD system calculates repay- long-term obligation, the stock of short-term exter- ments automatically using the loan commitment nal debt will decline and the stock of long-term amount, the first and final payment dates, and external debt will rise by the amount of short-term the frequency of the payments. If future pay- debt restructured. In the event of a debt swap of ments are irregular, the WBXD system requires a long-term external debt (external debt to equity, schedule. external debt for nature, or external debt for Future interest payments are generated by development), the face value of the external debt the WBXD system according to the disbursed swapped will be recorded as a decline in long-term and outstanding balance of the loan at the external debt stock, but no flow transaction (prin- beginning of the period. Using the interest rate cipal repayment) will be recorded. specified in the loan contract, the first and final 311 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 interest payment dates, and the frequency of pay- External Debt and Its Components T ments, the WBXD system calculates the stream his section describes the compilation of the of future interest payments due. If interest pay- major components of external debt included in ments are irregular, the WBXD system requires the IDS tables and database and the relationship be- a schedule. tween them, as shown in figure 1. Information about Future debt service payments are the sum general methods of compiling external debt data is of future principal and interest payments due discussed in the section titled “Methodology.” For on existing commitments, including the undis- concise definitions, see the Glossary. bursed portion. They do not include debt ser- vice payments that may become due as a result Total External Debt of new loans contracted in subsequent years, Total external debt shown in the IDS is the sum of nor do they take into account the effect of any long-term external debt, short-term debt, and IMF change to future debt service obligations result- credit. It represents the total debt owed to nonresi- ing from actions such as prepayment or resched- dent creditors and repayable in both foreign and uling or from cancellations that occurred after domestic currency. the most recent year-end data reported to the DRS. Short-Term Debt Both projected disbursements and future Short-term debt is defined as external debt with debt service payments are converted into U.S. an original maturity of one year or less. The DRS dollars using end-December 2011 exchange requires debtor countries to report only on their rates. Likewise, future interest payments on long-term external debt. However, to gain a com- loans with a variable interest rate (for example, prehensive picture of total external obligations, loans from commercial banks tied to the London the World Bank encourages debtor countries to Interbank Offered Rate [LIBOR]) are based on provide voluntarily information on their short- the interest rate prevailing at end-December term external obligations. 2011. By its nature, short-term external debt is dif- ficult to monitor: loan-by-loan registration is nor- Treatment of Arrears mally impractical, and monitoring systems typically The DRS collects information on arrears of both rely on information requested periodically by the principal and interest. Principal in arrears is central bank from the banking sector. The World included in the amount of long-term external debt Bank regards the debtor country as the authorita- outstanding and is shown separately. Interest in tive source of information on its short-term debt. arrears on long-term external debt and interest Unless otherwise specified in the country tables, the in arrears on the use of IMF credit are included data for short-term debt are derived from the data as part of short-term external debt outstanding provided by the quarterly external debt statistics and are shown separately. Clearance of interest (QEDS) database. QEDS is jointly developed by in arrears by repayment will be recorded as an the World Bank and the IMF and provides detailed interest payment in the relevant creditor category external debt data of countries that subscribe to the of the loan (or loans) on which the arrears were IMF’s SDDS and a selected number of countries incurred, as a corresponding reduction in the that participate in the IMF’s GDDS. The data are level of short-term debt outstanding, and as a compiled according to the External Debt Statis- net reduction in interest arrears. Clearance of tics, Guide for Compilers and Users. BIS data on interest arrears through debt restructuring or international bank lending is the second source of forgiveness will be recorded as a reduction in the the short-term debt. These data are reported on the level of short-term debt outstanding and a net basis of residual maturity, but an estimate of short- reduction in interest arrears. When interests are term external liabilities by original maturity can be rescheduled, they will be capitalized: this change derived by deducting from claims due in one year will be recorded as an increase in long-term debt those that, 12 months earlier, had a maturity of outstanding equal to the amount of interest capi- between 1 and 2 years. However, not all commer- talized and the reduction in short-term debt out- cial banks report to the BIS in a way that allows the standing noted previously. full maturity distribution to be determined, and the 312 A B O U T T H E D A T A Figure 1. External Debt and Its Components Total external debt (EDT) Short-term Long-term debt Use of IMF debt (LDOD) credits by debtor Private Public and publicly nonguaranteed debt guaranteed debt by creditor Official Private creditors creditors Commercial Multilateral Bilateral Bonds Other banks BIS data include liabilities only to banks within the for stocks and average-over-the-period exchange BIS reporting area. Consequently, the results should rates for flows. IMF trust fund operations under be interpreted with caution. the Enhanced Structural Adjustment Facility, The flow of short-term debt may be derived Extended Fund Facility, Poverty Reduction and from the change in claims (stock) data in the BIS Growth Facility, and Structural Adjustment Facil- quarterly series over consecutive periods, but ity (Enhanced Structural Adjustment Facility valuation adjustments resulting from exchange in 1999) are presented together with all of the rate movements will affect the calculations, as will IMF’s special facilities (buffer stock, supplemental prepayment and refinancing of long-term maturities reserve, compensatory and contingency facilities, falling due. When short-term external debt has been oil facilities, and other facilities). Special drawing rescheduled, lags in reporting and differences in the rights (SDR) allocations are also included in this treatment of the rescheduled external debt by debt- category. According to the BPM6, SDR allocations ors and creditors may result in double counting. are recorded as the incurrence of a debt liability of Interest in arrears on long-term external debt the member receiving them (because of a require- and interest in arrears on the use of IMF credit ment to repay the allocation in certain circum- are added to short-term debt and are separately stances, and also because interest accrues). This identified. debt item is introduced for the first time this year with historical data starting in 1999. Use of IMF Credit Data related to the operations of the IMF are Long-Term Debt provided by the IMF Treasurer’s Department. Long-term debt has an original maturity of more They are converted from special drawing rights than one year. It comprises the obligations of both into dollars using end-of-period exchange rates public and private debtors. Private nonguaranteed 313 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 debt comprises the external obligations of private payments are estimated on the basis of the stock debtors that are not guaranteed for repayment by of debt outstanding and interest rates prevailing in a public entity in the debtor country. international capital markets. Public and publicly guaranteed debt com- Balance of payments data provide a useful prises the external obligations of public debtors guideline in the estimation process: private non- and has two components: (a) public debt, which is guaranteed external debt may be derived as a borrowing by the national government or agency, residual between net long-term external borrow- by a political subdivision or agency, or by autono- ing recorded in the balance of payments and net mous public bodies; and (b) publicly guaranteed long-term public and publicly guaranteed external debt, which is borrowing by a private agency that debt reported to the DRS. is guaranteed for repayment by a public entity. Public and Publicly Guaranteed Debt Private Nonguaranteed Debt Data related to public and publicly guaranteed debt The DRS reporting requirements were expanded in are reported to the DRS on a loan-by-loan basis. The 1973 to include long-term private nonguaranteed data provide annual information on the disbursed debt. Data are reported annually on an aggregate and outstanding balance and the undisbursed bal- basis and include, for the reporting year, the total ance of each loan, the cumulative disbursements, the amount of disbursed and outstanding debt; the principal and interest paid and principal and interest amount of disbursements, principal repayments, restructured in the reporting year, and the stock of and interest payments; the principal and interest any outstanding payment’s arrears of principal and rescheduled; and the projected principal and interest interest. Detailed information on the terms and con- payments for future years. The aggregate data are ditions of each loan is also reported. Public debt and usually reported in U.S. dollars, and no information publicly guaranteed debt are shown as a single line on the underlying currency composition is given. in this publication and then further disaggregated by DRS reporting countries recognize the impor- creditor type and, in the case of private creditors, by tance of monitoring borrowing by their private type of credit instrument. sector, particularly when it constitutes a significant portion of total external debt, but many coun- Official Creditors tries acknowledge the difficulty of this process. Official creditors include multilateral and bilateral Detailed data are available only when countries lenders. In general, official creditors provide loans have registration requirements for private non- (and, in some cases, provide grants) to public bod- guaranteed debt in place, most commonly in ies, although in some cases they may lend to other connection with exchange controls. When formal entities with a public guarantee. registration of private nonguaranteed debt is not Multilateral creditors are international finan- mandatory, compilers must rely on balance of pay- cial institutions such as the World Bank, regional ments data and financial surveys. development banks, and other multilateral and The data on private nonguaranteed debt in intergovernmental agencies whose lending is this publication is as reported or as estimated administered on a multilateral basis. Funds admin- for countries where this type of external debt is istered by an international financial organization known to be significant. The estimation of private on behalf of a single donor government constitute nonguaranteed debt is based on the national data bilateral loans (or grants). For lending by a num- on QEDS or IMF data. Flows are derived from ber of multilateral creditors, the data presented the change in stock over consecutive periods and in this publication are taken from the creditors’ are adjusted for the effects of exchange rate move- records. Such creditors include the African Devel- ments (assuming the currency composition mirrors opment Bank, the Asian Development Bank, the that of public and publicly guaranteed debt) and IDB, the IBRD, and the IDA. (IBRD and IDA are for any known debt restructuring. Principal repay- institutions of the World Bank.) ments are estimated on the basis of the average Bilateral creditors are governments and their maturity observed for loans to private sector bor- agencies, including central banks, aid agencies, rowers in countries reporting to the DRS and on official export credit agencies, and autonomous the basis of the stock of debt outstanding. Interest agencies such as the U.S. Department of Agriculture 314 A B O U T T H E D A T A or the Federal Home Loan Bank. Member countries included in the online database but is not shown of the OECD Development Assistance Committee in the published tables. It can be obtained as the and some other countries also report information difference between (a) credits of total private credi- on loans extended bilaterally or officially guaran- tors and (b) bonds and commercial bank loans. teed to the Creditor Reporting System of the OECD. Private Creditors Sources of the Macroeconomic Private creditors include commercial banks, bond- Indicators holders, and other private creditors. This line includes only publicly guaranteed creditors. Non- guaranteed private creditors are shown separately. T he macroeconomic data are prepared by The World Bank from a variety of sources. Data on personal transfers and compensation of Bonds include publicly issued or privately employees are prepared by World Bank staff based placed bonds. on IMF balance of payments statistics. Data on Commercial bank loans are loans from pri- foreign direct investments are prepared by World vate banks and other private financial institutions. Bank staff based on IMF balance of payments Credits of other private creditors include statistics and the United Nations Conference on credits from manufacturers, exporters, and other Trade and Development publication. Other mac- suppliers of goods, plus bank credits covered by a roeconomic data are from IMF balance of pay- guarantee of an export credit agency. This line is ments statistics. Data on Exports of Goods, Services, and Primary Income are gap filled with countries’ balance of pay- ments statistics for the following countries: Angola Jamaica Solomon Islands Burkina Faso (from 2010) Madagascar (from 2006) Swaziland Cambodia Mauritania (from 2006) Tonga (from 2010) Comoros (from 2005) Papua New Guinea Tunisia Ghana São Tomé and Príncipe Haiti Seychelles Data on Imports of Goods, Services, and Primary Income are gap filled with countries’ balance of pay- ments statistics for the following countries: Angola Jamaica Solomon Islands Burkina Faso (from 2010) Madagascar (from 2006) Swaziland Cambodia Mauritania (from 2006) Tonga (from 2010) Comoros (from 2005) Papua New Guinea Tunisia Ghana São Tomé and Príncipe Haiti Seychelles Data for Current Account Balance are based on countries’ balance of payments statistics for the following countries: Angola Jamaica Senegal (from 2010) Burkina Faso (from 2010) Madagascar (from 2006) Seychelles Cambodia Maldives Solomon Islands Comoros (from 2005) Mauritania (from 2006) Swaziland Ghana Niger (from 2010) Togo (from 2010) Guinea-Bissau (from 2010) Papua New Guinea Tonga (from 2010) Guyana Rwanda Tunisia Haiti São Tomé and Príncipe Zimbabwe (from 2005) 315 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Data for the Personal Transfers and Compensation of Employees are based on BPM5 for the following countries: Benin Guyana Mauritius Botswana Haiti Myanmar Burkina Faso (from 2010) Iran, Islamic Rep. Niger (from 2010) Cambodia Jamaica Papua New Guinea Chile Lao PDR Rwanda Côte d’Ivoire Lesotho São Tomé and Príncipe Djibouti Liberia Senegal (from 2010) Fiji Malaysia Seychelles Ghana Maldives Solomon Islands Guinea-Bissau (from 2010) Mali South Africa 316 . Country Groups Regional Groups East Asia and Pacific Romania (A) Uruguay (A) Comoros (A) Russian Federation (P) Venezuela, RB (A) Congo, Dem. Rep. (A) Cambodia (A) Serbiaa,b (A) Congo, Rep. (P) China (P) Tajikistan (A) Middle East and North Africa Côte d’Ivoire (A) Fiji (A) Turkey (A) Eritrea (E) Indonesia (A) Algeria (A) Turkmenistan (E) Ethiopia (A) Lao PDR (P) Djibouti (A) Ukraine (A) Gabon (A) Malaysia (E) Egypt, Arab Rep. (A) Uzbekistan (A) Gambia, The (A) Mongolia (A) Iran, Islamic Rep. (A) Ghana (A) Myanmar (E) Jordan (A) Latin America and the Caribbean Guinea (P) Papua New Guinea (A) Lebanon (A) Guinea-Bissau (E) Philippines (A) Morocco (A) Argentina (A) Kenya (A) Samoa (A) Syrian Arab Republic (E) Belize (A) Lesotho (A) Solomon Islands (A) Tunisia (A) Bolivia (A) Liberia (A) Thailand (A) Yemen, Rep. (A) Brazil (A) Madagascar (A) Tonga (A) Chile (A) Malawi (A) Vanuatu (E) South Asia Colombia (A) Mali (A) Vietnam (A) Costa Rica (A) Mauritania (A) Afghanistan (A) Dominica (A) Bangladesh (A) Mauritius (A) Europe and Central Asia Dominican Republic (A) Bhutan (A) Mozambique (A) Ecuador (A) India (A) Niger (A) Albania (A) El Salvador (A) Maldives (A) Nigeria (A) Armenia (A) Grenada (A) Nepal (A) Rwanda (A) Azerbaijan (A) Guatemala (A) Pakistan (A) São Tomé and Príncipe (A) Belarus (A) Guyana (A) Senegal (A) Bosnia and Herzegovinaa (A) Haiti (A) Sub-Saharan Africa Seychelles (A) Bulgaria (A) Honduras (A) Sierra Leone (A) Georgia (A) Jamaica (A) Angola (A) Somalia (E) Kazakhstan (A) Mexico (A) Benin (A) South Africa (A) Kosovo (A) Nicaragua (A) Botswana (A) Sudanc (A) Kyrgyz Republic (A) Panama (A) Burkina Faso (A) Swaziland (E) Latvia (A) Paraguay (A) Burundi (A) Tanzania (A) Lithuania (A) Peru (A) Cameroon (A) Togo (A) Macedonia, FYR (A) St. Kitts and Nevis (A) Cape Verde (A) Uganda (A) Moldova (A) St. Lucia (A) Central African Republic (P) Zambia (P) Montenegro (A) St. Vincent and the Grenadines (A) Chad (E) Zimbabwe (A) Note: Letters in parentheses indicate DRS reporters’ status: (A) as reported, (P) preliminary, and (E) estimated. The status “as reported” indicates that the country was fully current in its reporting under the DRS and that World Bank staff are satisfied that the reported data give an adequate and fair representation of the country’s total public debt. “Preliminary” data are based on reported or collected information, but because of incompleteness or other reasons, an element of staff estimation is included. “Estimated” data indicate that countries are not current in their reporting and that a significant element of staff estimation has been necessary in producing the data tables. a. For Bosnia and Herzegovina, total debt before 1999, excluding IBRD and IMF obligations and short-term debt, is included under Serbia. b. Data prior to 2006 include Montenegro. c. Data for 2011 include South Sudan. 317 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Income Groups Low-income countries Togo Fiji Papua New Guinea Uganda Gabon Paraguay Afghanistan Zimbabwe Georgia Peru Bangladesh Ghana Philippines Benin Middle-income countries Grenada Romania Burkina Faso Albania Guatemala Russian Federation Burundi Algeria Guyana Samoa Cambodia Angola Honduras São Tomé and Príncipe Central African Republic Argentina India Senegal Chad Armenia Indonesia Serbia Comoros Azerbaijan Iran, Islamic Rep. Seychelles Congo, Dem. Rep. Belarus Jamaica Solomon Islands Eritrea Belize Jordan South Africa Ethiopia Bhutan Kazakhstan Sri Lanka Gambia, The Bolivia Kosovo St. Lucia Guinea Bosnia and Herzegovina Lao PDR St. Vincent and the Guinea-Bissau Botswana Latvia Grenadines Haiti Brazil Lebanon Sudan Kenya Bulgaria Lesotho Swaziland Kyrgyz Republic Cameroon Lithuania Syrian Arab Republic Liberia Cape Verde Macedonia, FYR Thailand Madagascar Chile Malaysia Tonga Malawi China Maldives Tunisia Mali Colombia Mauritius Turkey Mauritania Congo, Rep. Mexico Turkmenistan Mozambique Costa Rica Moldova Ukraine Myanmar Côte d’Ivoire Mongolia Uruguay Nepal Djibouti Montenegro Uzbekistan Niger Dominica Morocco Vanuatu Rwanda Dominican Republic Nicaragua Venezuela, RB Sierra Leone Ecuador Nigeria Vietnam Somalia Egypt, Arab Rep. Pakistan Yemen, Republic of Tajikistan El Salvador Panama Zambia Tanzania Note: Low-income economies are those with a GNI per capita of $1,025 or less in 2011. Middle-income economies are those with a GNI per capita of more than $1,026 but less than $12,475. Lower-middle-income and upper-middle-income economies are separated at a GNI per capita of $4,036. 318 . Glossary Average terms of new commitments provide countries is contracted (the euro, Japanese yen, information on the average terms (interest rate, pound sterling, Swiss franc, and U.S. dollar) are maturity, and grace period) of new commitments separately identified. Beginning in 2001, debt on public and publicly guaranteed external debt denominated in the currencies of the members in the contracted with public and private creditors. Aver- euro area is included under the euro rather than the ages are weighted by the amounts of the loans. national currencies that previously prevailed. Bilateral official creditors are official agencies Current account balance shows the difference that make loans on behalf of one government to between the sum of exports and income receivable another government or to public (and, in some and the sum of imports and income payable (exports cases, private) borrowers in another country. and imports refer to both goods and services, Bonds are debt instruments issued by public and while income refers to both primary and secondary publicly guaranteed or private debtors with dura- income). tions of one year or longer. Bonds usually give Debt buyback is the repurchase by a debtor of the holder the unconditional right to fixed money its own debt, either at a discount price or at par income or contractually determined, variable value. In the event of a buyback of long-term money income. debt, the face value of the debt bought back will Commercial banks are private banks that provide be recorded as a decline in stock outstanding of loans and other financial services. long-term debt, and the cash amount received by creditors will be recorded as a principal repay- Commitments of public and publicly guaranteed ment. For example, if a country buys back long debt constitute the total amount of new long-term term external debt of face value B at a price P, loans to public sector borrowers or borrowers then long-term external debt will decline by B, with a public sector guarantee extended by official and principal repayment will increase by P. The and private lenders and for which contracts were difference between the price at which the debt was signed in the year specified. bought back and the face value is recorded as a Contractual obligations on outstanding long-term debt stock write-off (the related transactions are external debt are the anticipated debt service pay- not separately identified in the International Debt ments on long-term external debt contracted up to Statistics [IDS] publication but are available in the December 31 of reporting year. CD-ROM and online database). Currency composition of public and publicly guar- Debt forgiveness grants include both debts can- anteed debt provides information on the share of celed by agreement between debtor and creditor loans outstanding and disbursed by currency of and reductions in the net present value of official repayment. For major multilateral creditors, the cur- nonconcessional loans resulting from concessional rency composition of the relevant unit of account is rescheduling or refinancing. Data are recorded on also taken into account. The principal currencies in a disbursement basis and include debt forgiveness which the external debt of low- and middle-income from bilateral and multilateral creditors. 319 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Debt outstanding and disbursed is the value at one economy having control or a significant degree year’s end of long-term external debt owed by of influence on the management of an enterprise public and publicly guaranteed debtors and pri- that is resident in another economy. Ownership vate nonguaranteed debtors. of 10 percent or more of the ordinary shares or voting stock is the criterion for determining the Debt restructurings are revisions to debt service existence of a direct investment relationship. obligations agreed on by creditors and debtors. Such agreements change the amount and timing of Grace period is the time between the date on which future principal and interest payments. a loan is committed and the date on which the first principal payment is due. The information pre- Debt service to exports is the ratio of the sum of sented in International Debt Statistics is the average principal repayments and interest paid on total grace period on all public and publicly guaranteed long-term debt (public and publicly guaranteed debt committed during the specified period. debt and private nonguaranteed debt) to the value of exports of goods and services and receipts of Grants are legally binding commitments that obli- primary income from abroad. gate a specific value of funds available for disburse- Debt stock-flow reconciliation shows the indica- ment for which there is no payment requirement. tors that affect the change in debt stocks from one They include debt forgiveness grants and grants period to the next. from bilateral and multilateral agencies (such as the International Development Association). Disbursements are drawings during the year specified on loan commitments contracted by the Gross national income (GNI) is the sum of value borrower. added by all resident producers, plus any product taxes (less subsidies) not included in the valuation Exports of goods, services, and primary income of output, plus net receipts of primary income com- constitute the total value of exports of goods and pensation of employees and property income) from services, receipts of compensation of nonresident abroad. Yearly average exchange rates are used to workers, and investment income from abroad. convert GNI from local currency to U.S. dollars. External debt flows are debt-related transac- Heavily Indebted Poor Country (HIPC) Initiative is tions during the year specified. They include a program of the World Bank and the International disbursements, principal repayments, and interest Monetary Fund to provide debt relief to qualifying payments. countries with unsustainable debt burdens. External debt stocks comprise public and publicly Imports of goods, services, and primary income guaranteed long-term external debt, private non- constitute the total value of goods and services guaranteed long-term external debt, use of IMF imported and income payable to nonresidents. credit, and short-term external debt, including Interest arrears on long-term debt are interest pay- interest arrears on long-term debt. The relation ments due but not paid, shown on a cumulative between external debt stock and its components is basis. Interest arrears are due and payable imme- illustrated on page 313 (figure 1). diately and are therefore regarded as short-term External debt stocks to exports is the ratio of out- obligations. Thus, an increase in interest arrears standing external debt to the value of exports of on long-term debt will be recorded as an increase goods and services and receipts of primary income in short-term debt. Interest in arrears on the use of from abroad. IMF credit is also considered to be part of short- term external debt. External debt stocks to GNI is the ratio of out- standing external debt to gross national income. Interest payments are the amounts of interest paid in foreign currency, goods, or services in the year Foreign direct investment refers to direct invest- specified. ment flows in the reporting economy. It is the sum of equity capital, reinvestment earnings, and other Interest rate is the interest rate applicable to a capital. Direct investment is a category of cross- loan commitment as specified in the loan contract. border investment associated with a resident in The information presented in International Debt 320 G L O S S A R Y Statistics is the average interest on all public and Inter-American Development Bank, and the publicly guaranteed debt committed during the African Development Bank that provides addi- specified period. tional debt relief to countries that have completed the HIPC process. International Bank for Reconstruction and Devel- opment (IBRD) is a multilateral official creditor. It Multilateral official creditors are official agencies is the nonconcessional lending arm of the World owned or governed by more than one country that Bank Group. provide loan financing. They include international financial institutions such as the World Bank, International Development Association (IDA) is a regional development banks, and other intergov- multilateral official creditor. It is the concessional ernmental agencies. financing arm of the World Bank Group. The IDA also provides grant financing to qualified borrowers. Multilateral to external debt stocks is the ratio of the stock of debt owed to multilateral creditors to International Monetary Fund (IMF) charges are total external debt. the amounts of interest paid in foreign currency in the year specified for transactions with the IMF. Net flows on external debt are disbursements on long-term external debt and IMF purchases minus International Monetary Fund (IMF) purchases principal repayments on long-term external debt are the total drawings on the general resources and IMF repurchases. Up to 1984, this calcula- account of the IMF during the year specified, tion included only long-term external debt and excluding drawings in the reserve tranche. IMF flows. From 1985, the calculation includes International Monetary Fund (IMF) repurchases the change in stock of short-term debt (excluding are the amounts of principal (amortization) paid interest arrears on long-term external debt). in foreign currency in the year specified for trans- Official creditors are governments or other actions with the IMF. bilateral public entities, such as export-import International reserves constitute the sum of a agencies, development agencies, and multilateral country’s monetary authority’s holdings of special financial institutions such as the World Bank and drawing rights, its reserve position in the IMF, its regional development banks. holdings of foreign exchange, and its holdings of Personal transfers consist of all current transfers gold (valued at year-end London prices). in cash or in kind made or received by resident Long-term external debt is debt that has an origi- households to or from nonresident households. nal or extended maturity of more than one year Personal transfers thus include all current trans- and that is owed to nonresidents by residents of fers between resident and nonresident individuals. an economy and is repayable in foreign currency, Compensation of employees refers to the income goods, or services. of border, seasonal, and other short-term workers who are employed in an economy where they are Long-term private sector debt is long-term debt not resident and of residents employed by nonresi- owed by the private sector, whether publicly guar- dent entities. anteed or not. Portfolio equity is the category of international Long-term public sector debt is long-term external investment that covers investment in equity securi- debt owed by the public sector. ties. Equity securities include shares, stocks, par- Maturity is the date on which the final principal ticipation, or similar documents (such as American repayment on a loan is due. It is the sum of the Depositary Receipts) that usually denote owner- grace and repayment periods. The information ship of equity. presented in International Debt Statistics is the Present value of debt outstanding is the nominal average maturity on all public and publicly guar- value of all future debt service obligations on anteed debt committed during the specified period. existing debt discounted at prevailing market rates Multilateral Debt Relief Initiative (MDRI) is of interest. The interest rates used in this calcula- a program of the World Bank, the IMF, the tion are the Commercial Interest Reference Rates 321 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 (CIRR) for each relevant currency compiled and Reserves published by the Organisation for Economic Co- Imports/12 operation and Development. Short-term external debt has an original maturity Primary income on FDI are payments of direct of one year or less. Available data permit no dis- investment income (debit side), which consist of tinction among public, publicly guaranteed, and income on equity (dividends, branch profits, and private nonguaranteed short-term external debt. reinvested earnings) and income on the intercom- pany debt (interest). Short-term to external debt stock ratio is the ratio of short-term external debt to total outstanding Principal arrears on long-term debt are principal external debt. repayments due but not paid on long-term exter- nal debt, shown on a cumulative basis. Special drawing rights (SDRs) refer to an interna- tional reserve asset that was created by the IMF in Principal repayments are the amounts of principal 1969 to supplement its member countries’ official (amortization) paid in foreign currency, goods, or reserves. The value of SDRs is based on a basket services in the year specified with respect to long- of four key international currencies: the U.S. dollar, term external debt. the pound sterling, the Japanese yen, and the euro. Private creditors are bondholders, commercial In addition to playing a role as a supplementary banks, and other trade-related lenders. reserve asset, SDRs serve as the unit of account for the IMF and some other international organizations. Private nonguaranteed debt is debt owed by pri- vate sector borrowers to external creditors on Technical cooperation grants include (a) free- loans that do not benefit from a public sector standing technical cooperation grants, which are guarantee by the debtor country. intended to finance the transfer of technical and managerial skills or of technology for the purpose Public and publicly guaranteed debt outstanding and of building up general national capacity without disbursed is the value of debt at year’s end of public reference to any specific investment projects; sector borrowers, or borrowers with a public sector and (b) investment-related technical coopera- guarantee, owed to official and private lenders. tion grants, which are aimed at strengthening the Public and publicly guaranteed external debt com- capacity to execute specific investment projects. prises public debt (an external obligation of a public Total amount forgiven is the total amount of princi- debtor, such as the national government or agency, pal and interest due, principal and interest in arrears, a political subdivision or agency, or an autonomous and debt stock forgiven in the year specified. public body) and publicly guaranteed external debt (an external obligation of a private debtor that is Total amount rescheduled is the total amount of guaranteed for repayment by a public entity). external debt rescheduled, including principal and interest due, principal and interest in arrears, charges, Public debt, which is an external obligation of a penalties, and debt stock in the year specified. public debtor, including the national government, a political subdivision (or an agency of either), and Total change in external debt stocks is the dif- autonomous public bodies. ference in the external debt stock between two consecutive years. Publicly guaranteed debt, which is an external obligation of a private debtor that is guaranteed Use of IMF credit denotes members’ drawings on for repayment by a public entity. the IMF other than amounts drawn against the country’s reserve tranche position. Use of IMF Reserves to external debt stocks is the ratio of credit includes purchases and drawings under international reserves to outstanding external debt. Stand-By, Extended, Structural Adjustment, Reserves to imports (months) is the ratio of inter- Enhanced Structural Adjustment, and Systemic national reserves to the value of imports of goods, Transformation Facility Arrangements as well services, and primary income in the year shown as Trust Fund loans. SDR allocations are also and is expressed in months: included in this category. 322 . Users’ Guide The general cutoff date for all data in this publication is end-September 2012. The economic aggregates presented in the tables are prepared for the convenience of users. Although debt ratios can give useful information about developments in debt-servicing capacity, conclusions drawn from them will not be valid unless accompanied by careful economic evaluation. The macroeconomic data provided are collected from national statistical organizations, but in some cases may be subject to considerable margin of error. The usual care must be taken in interpreting the ratios, particularly for the most recent years, because figures may be preliminary and subject to revision. Country notes at the end of each country table summarize major events that have taken place in the country in recent years; describe the sources of information for short-term and private nonguaranteed external debt; and highlight main issues in data collection process. Unless otherwise specified in the coun- try table, data on long-term public and publicly guaranteed external debt for 2011 are based on reports provided by the country. Abbreviations The following abbreviations are used in the principal ratios and indicator tables: BIS Bank for International Settlements BPM6 Balance of Payments Manual (6th edition) BRIC Brazil, the Russian Federation, India, and China CIRR Commercial Interest Reference Rates COMSEC Commonwealth Secretariat CRS Creditor Reporting System (of the OECD) DAC Development Assistance Committee (of the OECD) DRS Debtor Reporting System (of the World Bank) EBRD European Bank for Reconstruction and Development FDI foreign direct investment GDP gross domestic product GNI gross national income HIPC Highly Indebted Poor Country (Initiative of the World Bank and IMF) IBRD International Bank for Reconstruction and Development (of the World Bank) IDA International Development Association IDS International Debt Statistics IFC International Finance Corporation IMF International Monetary Fund LIBOR London Interbank Offered Rate M&A merger and acquisition MDRI Multilateral Debt Relief Initiative ODA Official Development Assistance OECD Organisation for Economic Co-operation and Development PSD Public Sector Debt QEDS Quarterly External Debt Statistics SDRs special drawing rights (of the IMF) UNCTAD United Nations Conference on Trade and Development WBXD World Bank External Debt System 323 I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3 Symbols The following symbols have been used throughout: 0 or 0.0 means zero or small enough that the number would round to zero at the displayed number of decimal places. .. means that data are not available or that aggregates cannot be calculated because of missing data in the years shown. $ indicates current U.S. dollars unless otherwise specified. 324 ECO-AUDIT Environmental Benefits Statement The World Bank is committed to preserving Saved: endangered forests and natural resources. • 16 trees The Office of the Publisher has chosen to • 6 million BTUs print International Debt Statistics 2013 of total energy on recycled paper with 50 percent post- • 1,425 lbs. of consumer waste, in accordance with the net greenhouse recommended standards for paper usage gases set by the Green Press Initiative, a non- • 6,248 gallons of profit program supporting publishers in water using fiber that is not sourced from endan- • 412 lbs. of gered forests. 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