International Debt statistic 2013
.pdf
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
The principal sources of information for the tables in this volume are reports to the World Bank through the World Bank’s Debtor Reporting System (DRS) from member countries that have received either International Bank for Reconstruction and Development (IBRD) loans or International Development Association (IDA) credits. The DRS has its origin in the World Bank’s need to monitor and assess the financial position of its borrowers. Since 1951, borrowers have been required to provide statistics on their public external debt and private sector debt that benefits from a public guarantee. In its design, consistency, and continuity of coverage, the DRS is a unique resource. Reporting countries submit detailed reports on the annual status, transactions, and terms of the long-term external debt of public agencies and that of private ones guaranteed by a public agency in the debtor country. The DRS maintains these records on a loan-by-loan basis. In 1973, coverage of the DRS was expanded to include private sector nonguaranteed borrowing, but for this category of debt, data are provided by borrowers
in aggregate rather than loan by loan.
Data submitted to the DRS are processed in the World Bank External Debt (WBXD) system, along with additional information received from the files of the African Development Bank, the Asian Development Bank, the Inter-American Development Bank (IDB), the International Monetary Fund (IMF), institutions of the World Bank Group (IBRD and IDA), and the European Bank for Reconstruction and Development (EBRD). The WBXD is an internal system of the World Bank. Among its outputs is the International Debt Statistics (IDS) database, from which the
tables in this publication and online database are produced.
Data on exports and imports (on a balance of payments basis), international reserves, current account balances, foreign direct investment (FDI), portfolio equity flows, and primary income of FDI are drawn mainly from the files of the IMF, supplemented by United Nations Conference on Trade and Development (UNCTAD) reports and country data. Balance of payments data are presented according to the sixth edition of the IMF’s
Balance of Payments Manual (BPM6). Official aid flows come from data collected and published by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD). Short-term external debt data are as reported by debtor countries or are estimates based on the Bank for International Settlements (BIS) quarterly series of commercial banks’ claims on developing countries. For some countries, estimates were prepared by pooling creditor and debtor information. Data on the gross national income of most developing countries are collected from national statistical organizations or central banks by visiting and resident World Bank missions.
Every effort has been made to ensure the accuracy and completeness of the external debt statistics. Coverage has been improved through the efforts of the reporting agencies and close collaboration between the Bank and our partners, Commonwealth Secretariat (COMSEC) and UNCTAD, which provide debt recording and reporting systems across the globe, as well as through the work of the World Bank missions, which visit member countries to gather data and to provide technical assistance on debt issues. Nevertheless, quality 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 on long-term external debt reported by member countries are checked against, and supplemented by, data from several other sources. Among these sources are the statements and reports of several regional development banks, government lending agencies, and official government Web sites.
Methodology
Aggregations
Total debt stock and other aggregate measures are derived from the summation of loan-level data on stocks and flows after conversion to a common currency. Other tabulations are compiled using terms and conditions reported in the loan-level data, such as currency composition, cancellations, rescheduling of other liabilities into long-term public and publicly guaranteed external debt, and debt buybacks.
Aggregates for regional and income groups are based on the World Bank’s operational classifications, which may differ from common geographic usage or income groups used by other organizations. Country classifications of DRS reporting countries in 2011 are shown in country groups in the back of the publication. The same classification is used for all historical data shown in International Debt Statistics and the online database.
Currency Conversion
Data on external obligations are normally reported to the World Bank in the currency of repayment and are converted into a common currency (U.S. dollars) using official exchange rates published by the IMF.
Commitments, disbursements, and debt service payments (flows) are converted to U.S. dollars at the annual average exchange rate for the year. Debt outstanding (disbursed and undisbursed) at the end of a given year (stock) is converted at the exchange rate in effect at the end of the relevant year. Consequently, year-to-year changes in debt outstanding and disbursed may not be equal to net flows (disbursements less principal repayments); similarly, changes in debt outstanding (including undisbursed debt) may not equal commitments less repayments. Discrepancies will be particularly significant when exchange rates have moved
sharply during the year. Projected debt service is converted to U.S. dollars at rates in effect at the end of December 2011.
Beginning with 1991, all ruble debt owed to the former Soviet Union has been converted at a rate of US$1 = 0.6 ruble, except in cases where a bilateral agreement specifying a different conversion 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 exchange rate used. This matter must be resolved bilaterally between the Russian Federation and its debtor countries.
Starting with the 1988–89 edition of World Debt Tables (the predecessor of IDS), all data pertaining to IBRD loans from 1985 onward are recorded at their current market value. Starting with the 1991–92 edition, all data pertaining to Asian Development Bank loans from 1989 onward are recorded at their current market value. Starting with the 1998 edition, all data pertaining to African Development Bank and African Development Fund loans from 1997 onward are recorded at their current market value.
Debt Stock and Flow Reconciliation
Because of currency conversions and the timing of transactions, there may be differences between the change in aggregate stocks from one period to the next and flows during the relevant period; changes in debt outstanding, including undisbursed amounts, will therefore differ from commitments less repayments.
Changes in the stock of debt from one period to the next can be attributed to five factors: the net flow of debt, the net change in interest arrears, the capitalization of interest, a reduction in debt resulting from debt forgiveness or other debt reduction mechanisms, and cross-currency valuation effects. Any residual difference in the change in stock not explained by one of those five factors may indicate inconsistencies in the reported data or specific phenomena prevailing in an individual country (for example, an incomplete historical series for all categories of debt). Starting in 1989, the IDS includes a debt stock reconciliation, but not all components are shown in the IDS print edition.
External Debt Restructuring
Starting in 1985, the WBXD includes information on restructuring of debt by official creditors
310
