International Debt Statistics 2017

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International Debt Statistics 2017



International Debt Statistics 2017


© 2017 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 19 18 17 16 This work is a product of the staff of The World Bank with external contributions. 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. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions

This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http:// creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution—Please cite the work as follows: World Bank. 2017. International Debt Statistics 2017. Washington, DC: World Bank. doi: 10.1596/978-1-4648-0994-1. License: Creative Commons Attribution CC BY 3.0 IGO 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. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by The World Bank. Views and opinions expressed in the adaptation are the sole responsibility of the author or authors of the adaptation and are not endorsed by The World Bank. Third-party content—The World Bank does not necessarily own each component of the content contained within the work. The World Bank therefore does not warrant that the use of any third-party-owned individual component or part contained in the work will not infringe on the rights of those third parties. The risk of claims resulting from such infringement rests solely with you. If you wish to re-use a component of the work, it is your responsibility to determine whether permission is needed for that re-use and to obtain permission from the copyright owner. Examples of components can include, but are not limited to, tables, figures, or images. All queries on rights and licenses should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. ISBN (paper): 978-1-4648-0994-1 ISBN (electronic): 978-1-4648-0995-8 DOI: 10.1596/978-1-4648-0994-1 ISSN (paper): 2310-2667 ISSN (electronic): 2310-2675 Cover design: Jomo Tariku, World Bank Group Cover image by Jomo Tariku, World Bank Group. Permission required for reuse. Library of Congress Cataloging-in-Publication Data has been applied for


Table of Contents

Preface

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Acknowledgments

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User Guide to Tables

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User Guide to IDS Online Tables How to Access IDS Online Country Tables Indicators How to Use the DataBank

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PART I: Overview

1

Introduction Trends in Low- and Middle-Income Country Debt Flows and Stocks, 2015 Aggregate Financial Flows to Low- and Middle-Income Countries, 2015 REGIONAL PERSPECTIVES, 2015 East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia Sub-Saharan Africa External Debt Trends in High-Income Economies Public Sector Debt Statistics – Trends in 2015

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5 8 8 10 12 14 16 18

PART II: Aggregate and Country Tables

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All Low- and Middle-Income Countries East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa

27 28 29 30 31

4

20 22

South Asia Sub-Saharan Africa Afghanistan Albania Algeria Angola Argentina Armenia Azerbaijan Bangladesh Belarus Belize Benin Bhutan Bolivia, Plurinational State of Bosnia and Herzegovina Botswana Brazil Bulgaria Burkina Faso Burundi Cabo Verde Cambodia Cameroon Central African Republic Chad China Colombia Comoros Congo, Democratic Republic of Congo, Republic of Costa Rica Côte d’Ivoire Djibouti Dominica Dominican Republic Ecuador

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32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68


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Egypt, Arab Republic of El Salvador Eritrea Ethiopia Fiji Gabon Gambia, The Georgia Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras India Indonesia Iran, Islamic Republic of Jamaica Jordan Kazakhstan Kenya Kosovo Kyrgyz Republic Lao People’s Democratic Republic Lebanon Lesotho Liberia Macedonia, FYR Madagascar Malawi Malaysia Maldives Mali Mauritania Mauritius Mexico Moldova Mongolia Montenegro Morocco Mozambique Myanmar Nepal Nicaragua Niger Nigeria Pakistan Panama Papua New Guinea

69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119

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Paraguay Peru Philippines Romania Russian Federation Rwanda Samoa São Tomé and Príncipe Senegal Serbia Sierra Leone Solomon Islands Somalia South Africa Sri Lanka St. Lucia St. Vincent and the Grenadines Sudan Swaziland Syrian Arab Republic Tajikistan Tanzania Thailand Togo Tonga Tunisia Turkey Turkmenistan Uganda Ukraine Uzbekistan Vanuatu Venezuela, República Bolivariana de Vietnam Yemen, Republic of Zambia Zimbabwe

120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156

APPENDIX: About the Data

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Data Sources and Methodology Data Sources Methodology External Debt and Its Components Sources of the Macroeconomic Indicators Country Groups Regional Groups Income Groups Glossary Debt Reporting System (DRS) Quarterly Debt Statistics

159 159 160 163 166 169 169 170 171 171 175


Preface

T

his year’s edition of International Debt Statistics, successor to Global Development Finance and World Debt Tables, and the fourth in the series, is designed to respond to user demand for timely, comprehensive data on trends in external debt in low- and middle-income countries. It also provides summary information on the external debt of high-income countries and public (domestic and external) debt for a select group of countries. The World Bank’s Debtor Reporting System (DRS), from which the aggregate and country tables presented in this report are drawn, was established in 1951. World Debt Tables, the first publication that included DRS external debt data, appeared in 1973 and gained increased attention during the debt crisis of the 1980s. Since then, the publication and data have undergone numerous revisions and iterations to address the challenges and demands posed by the global economic conditions. Presentation of and access to data have been refined to improve the user experience. The printed edition of International Debt Statistics 2017 now provides a summary overview and a select set of

indicators, while an expanded dataset is available online (datatopics.worldbank.org/debt/ids). By providing comprehensive and timely data that reflects the latest additions and revisions, and by expanding the scope of the data available online, we aim to serve the needs of our users and to reach a wider audience. Improvements in data dissemination are matched with ongoing efforts to improve the quality and timeliness of data collection. In partnership with the major providers of debt data management systems to low- and middle-income countries, the Commonwealth Secretariat (COMSEC) and the United Nations C o n f e r e n c e o n Tr a d e a n d D e v e l o p m e n t (UNCTAD), we are working toward an established standard code and a set of system links that will enable countries to provide their DRS reports electronically in a seamless and automated data exchange process. As these changes take place, we welcome your feedback and suggestions for further improvements at data@worldbank.org. Haishan Fu Director, Development Data Group

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Acknowledgments

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his volume was prepared by the Financial Data Team of the Development Data Group (DECDG), led by Evis Rucaj under the management of Grant Cameron and comprising Parul Agarwal, Karla Mirari Yee Amezaga, Peter Bourke, Cynthia Nyanchama Nyakeri, Malvina Pollock, Sun Hwa Song, Rubena Sukaj, Rasiel Vellos, and Alagiriswamy Venkatesan, who worked closely with other teams in DECDG. The team was assisted by Elysee Kiti. The overview of current developments was prepared by Malvina Pollock, Evis Rucaj, and Rasiel Vellos in consultation with the staff of DECDG; country economists reviewed the data tables. The work was carried out under the direction of Haishan Fu. Valuable

input was provided by the Vice Presidency, Developmental Economics, and from the Chief Economist, Operations and Strategy department. The online database was prepared by Shelley Fu and William Prince. International Debt Statistics electronic products were prepared by a team led by Malarvizhi Veerappan under the supervision of Soong Sup Lee and comprising Ramgopal Erabelly, Shelley Fu, Karthik Krishnamoorthy, Ugendran Machakkalai, and Nacer Megherbi. The cover was designed by Jomo Tariku. Susan Graham, Jewel McFadden, and Nora Ridolfi from the World Bank’s Formal Publishing Program coordinated the publication and dissemination of the book.

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User Guide to Tables

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nternational Debt Statistics 2017 focuses on financial flows, trends in external debt, and other major financial indicators for low-, middle-, and high-income countries. The report includes more than 200 time series indicators from 1970 to 2015 for most reporting countries. This edition of International Debt Statistics (IDS) has been reconfigured to offer a more condensed presentation of the principal indicators, along with additional tables showcasing quarterly external debt statistics and public sector debt.

Tables

Aggregate Tables The aggregate tables are labeled by region name. Data are shown for all low- and middle-income countries and six regional groups (East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, South Asia, and Sub-Saharan Africa).

Country Tables Country tables are labeled by country name and ordered alphabetically. Data are shown for 123 low- and middle-income countries that report public and publicly guaranteed external debt to the World Bank’s Debtor Reporting System (DRS). The tables also include key debt ratios and the composition of external debt stocks and flows for each country. Each table shows a time series with the most recent six years, as well as 2000 and 2005 as companion years. Full time series data are available for all countries in the World Bank’s Open Data website (http://data.worldbank.org/data-catalog /international-debt-statistics).

Statistics The general cutoff date for countries to report data for this publication was end-September 2016. The economic aggregates presented in the tables are prepared for the convenience of users. Although debt ratios can give useful information about developments in a 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, which in some cases may be subject to a 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. Notes at the bottom 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 if the reports were not provided by the country; and highlight main issues in the data collection process. Unless otherwise specified, data on long-term public and publicly guaranteed external debt for 2015 are based on reports provided by the country. More detailed information on data sources, methodology, and compilation is provided in the appendix at the back of this book.

Aggregate Measures for Income Groups and Regions Aggregate measures for income groups and regions include the 123 low- and middle-income countries that report public and publicly guaranteed external debt to the World Bank’s DRS, whenever data are available. The aggregate “All low- and middle-income countries” is the sum of data for 123 countries.

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Classification of Countries For operational and analytical purposes, the World Bank’s main criterion for classifying countries is gross national income (GNI) per capita (calculated by the World Bank Atlas method). Every country is classified as low-income, middleincome, or high-income. Low- and middle-income countries are sometimes referred to as developing countries. The term is used for convenience; it is not intended to imply that all countries in the group are experiencing similar development or that other countries have reached a preferred or final stage of development. Because GNI per capita changes over time, the country composition of income groups may change from one edition of International Debt Statistics to the next. Once

xii

the classification is fixed for an edition, based on GNI per capita in the most recent year for which data are available, all historical data presented are based on the same country grouping.

Symbols 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.


User Guide to IDS Online Tables

T

he extended version of country tables that were previously available in the International Debt Statistics print edition is now available online. Using an automated query process, these reference tables will be updated based on the revisions to the International Debt Statistics database. Users can access all the online tables, download the PDF version of the publication, and view the report as an eBook on ISSUU, as well as access the database and download the archived editions of the publication by going to http://data.worldbank.org/products/ids.

How to Access IDS Online Country Tables To access the IDS online tables, visit http://datatopics.worldbank.org/debt/ids and select from “Country,” “Region,” or “Topic” options.

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To access a specific country table directly without going through the above landing page, use the URL http://datatopics.worldbank.org/debt/ids/ and the country code (for example, http://datatopics.worldbank .org/debt/ids/country/DZA to view the table for Algeria). Similarly, to view the regional table, click on the “Region� tab and select one of the listed regions (for example http://datatopics.worldbank.org/debt/ids /region/SAS to view the table for South Asia).

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Indicators The indicator codes for each of the indicators online and in the publication are listed below. To view a specific indicator online, go to http://data.worldbank.org/indicator/ and add the indicator code at the end of the url; for example, to view a page for total debt stocks, this line should be in your browser: http://data.worldbank.org/indicator/DT.DOD.DECT.CD.

1. SUMMARY EXTERNAL DEBT DATA

External debt stocks Long-term external debt

DT.DOD.DECT.CD

External debt flows

DT.DOD.DLXF.CD

Disbursements

DT.DIS.DLTF.CD

Public and publicly guaranteed

DT.DOD.DPPG.CD

Long-term external debt

DT.DIS.DLXF.CD

Private nonguaranteed

DT.DOD.DPNG.CD

IMF purchases

DT.DIS.DIMF.CD

Principal repayments

Use of IMF credit

DT.DOD.DIMF.CD

Short-term debt

DT.DOD.DSTC.CD

Long-term external debt

DT.AMT.DLXF.CD

DT.IXA.DPPG.CD

IMF repurchases

DT.AMT.DIMF.CD

interest arrears on long-term

DT.AMT.DLTF.CD

Net flows Memorandum items

DT.NFL.DECT.CD

Long-term external debt

DT.NFL.DLXF.CD

Short-term external debt

DT.NFL.DSTC.CD

Interest payments (INT)

Principal arrears on long-term

DT.AXA.DPPG.CD

Long-term public sector debt

DT.DOD.DPPG.CD

Long-term external debt

DT.INT.DLXF.CD

Long-term private sector debt

DT.DOD.PRVS.CD

IMF charges

DT.INT.DIMF.CD

Short-term external debt

DT.INT.DSTC.CD

Public & publicly guaranteed commitments DT.COM.DPPG.CD

DT.INT.DECT.CD

5. MAJOR ECONOMIC AGGREGATES

2. OTHER NON-DEBT RESOURCE FLOWS

Foreign direct investment (net equity inflows) BX.KLT.DINV.CD.WD

Gross national income (GNI)

NY.GNP.MKTP.CD

Portfolio equity flows

Exports of goods, services, and primary income

BX.GSR.TOTL.CD

Personal transfers and compensation of employees

BX.TRF.PWKR.CD.DT BM.GSR.TOTL.CD

BX.PEF.TOTL.CD.WD

3. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (%)

Euro

DT.CUR.EURO.ZS

Imports of goods, services, and primary income

Japanese yen

DT.CUR.JYEN.ZS

Primary income on FDI (payments)

BX.KLT.DREM.CD.DT

Pound sterling

DT.CUR.UKPS.ZS

International reserves

FI.RES.TOTL.CD

Swiss franc

DT.CUR.SWFR.ZS

U.S. dollars

DT.CUR.USDL.ZS 6. RATIOS

4. AVERAGE TERMS OF NEW COMMITMENTS

Official creditors

External debt stocks to exports (%)

DT.DOD.DECT.EX.ZS

Interest (%)

DT.INR.OFFT

External debt stocks to GNI (%)

DT.DOD.DECT.GN.ZS

Maturity (years)

DT.MAT.OFFT

Debt service to exports (%)

DOD.DECT.GN.ZS

Grace period (years)

DT.GPA.OFFT

Short-term to external debt stocks (%)

DT.DOD.DSTC.ZS

Private creditors

Multilateral to external debt stocks (%)

DT.DOD.MLAT.ZS

Interest (%)

DT.INR.PRVT

Reserves to external debt stocks (%)

FI.RES.TOTL.DT.ZS

Maturity (years)

DT.MAT.PRVT

Current account balance

BN.CAB.XOKA.CD

Grace period (years)

DT.GPA.PRVT

Reserves to imports (months)

FI.RES.TOTL.MO

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7. LONG-TERM EXTERNAL DEBT

Debt outstanding and disbursed

DT.DOD.DLXF.CD

Interest payments

DT.INT.DLXF.CD

Public and publicly guaranteed

DT.DOD.DPPG.CD

Public and publicly guaranteed

DT.INT.DPPG.CD

Official creditors

DT.DOD.OFFT.CD

Official creditors

DT.INT.OFFT.CD

Multilateral

DT.DOD.MLAT.CD

of which: IBRD IDA Bilateral

DT.DOD.MIBR.CD

of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

of which: IBRD

DT.DOD.MIDA.CD DT.DOD.BLAT.CD

Private creditors

Multilateral

DT.DOD.PRVT.CD DT.DOD.PBND.CD

IDA Bilateral

DT.DOD.DPNG.CD DT.DOD.PNGB.CD

DT.INT.MIBR.CD DT.INT.MIDA.CD DT.INT.BLAT.CD

Private creditors of which: Bonds

DT.DOD.PCBK.CD

DT.INT.MLAT.CD

Commercial banks Private nonguaranteed

DT.INT.PRVT.CD DT.INT.PBND.CD DT.INT.PCBK.CD DT.INT.DPNG.CD

of which: Bonds

DT.INT.PNGB.CD

Disbursements

DT.DIS.DLXF.CD

Principal repayments

DT.AMT.DLXF.CD

Public and publicly guaranteed

DT.DIS.DPPG.CD

Public and publicly guaranteed

DT.AMT.DPPG.CD

Official creditors

DT.DIS.OFFT.CD

Official creditors

DT.AMT.OFFT.CD

Multilateral

DT.DIS.MLAT.CD

of which: IBRD IDA Bilateral

DT.DIS.MIBR.CD

of which: Bonds Commercial banks Private nonguaranteed of which: Bonds

of which: IBRD

DT.DIS.MIDA.CD DT.DIS.BLAT.CD

Private creditors

Multilateral

DT.DIS.PRVT.CD DT.DIS.PBND.CD

IDA Bilateral

DT.DIS.DPNG.CD DT.DIS.PNGB.CD

DT.AMT.MIBR.CD DT.AMT.MIDA.CD DT.AMT.BLAT.CD

Private creditors of which: Bonds

DT.DIS.PCBK.CD

DT.AMT.MLAT.CD

Commercial banks Private nonguaranteed of which: Bonds

DT.AMT.PRVT.CD DT.AMT.PBND.CD DT.AMT.PCBK.CD DT.AMT.DPNG.CD DT.AMT.PNGB.CD

10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM EXTERNAL DEBT

8. DEBT STOCK-FLOW RECONCILATION

Total change in external debt stocks

DT.DOD.DECT.CD.CG

Net flows on external debt

DT.NFL.DECT.CD

Official creditors Principal

DT.AMT.OFFT.CD

Interest

DT.INT.OFFT.CD

Private creditors

9. DEBT STOCK-FLOW RECONCILATION

Total amount rescheduled

DT.DXR.DPPG.CD

Total amount forgiven

DT.DFR.DPPG.CD

Debt buyback

DT.DSB.DPPG.CD

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Principal

DT.AMT.PRVT.CD

Interest

DT.INT.PRVT.CD


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How to Use the DataBank DataBank (http://databank.worldbank.org) is an online web resource that provides simple and quick access to collections of time series data. It has advanced functions for selecting and displaying data, performing customized queries, downloading data, and creating charts and maps. Users can create dynamic, custom reports based on their selection of countries, indicators, and years. All these reports can be easily edited, shared, and embedded as widgets on websites or blogs. For more information, see http://databank .worldbank.org/help.

Actions Click to share the table using either the embed code or the URL Click to edit and revise the table in DataBank Click to export all metadata to Excel Click to export the table to Excel Click to export the table and corresponding indicator metadata to PDF Click to print the table and corresponding indicator metadata Click to access the IDS Online Tables Help file

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part I Overview

1



Introduction

I

nternational Debt Statistics 2017 presents statistics and analysis on the external debt and financial flows (debt and equity) for the world’s economies for 2015. The primary data source for International Debt Statistics (IDS) is the World Bank’s Debtor Reporting System (DRS) that collects debt stocks and debtrelated transactions (gross disbursements, principal and interest payments) for low- and middle-income countries. But IDS also draws from the highfrequency, quarterly, external, and public debt statistics captured through the Quarterly External Debt Statistics (QEDS) and the Public Sector Debt Statistics (PSDS) databases. QEDS and PSDS both include data for high-income countries as well as low- and middle-income countries. The main messages from International Debt Statistics 2017 are: • Net debt flows (loan disbursements minus principal repayments) to low- and middle-income countries turned negative for the first time since the 2008 global financial crisis. Outflows in 2015 were $184 billion, a stark contrast to inflows of $542 billion in 2014. The principal driver was the contraction in short-term debt flows, which swung from a net inflow of $130 billion in 2014 to a massive $398 billion outflow in 2015. Long-term debt flows also contracted, remaining positive but falling to $214 billion—half the previous year’s level. • The external debt stock of low- and middleincome countries declined for the first time in more than two decades. External debt stocks fell 6 percent, to $6.7 trillion. The main contributors to this decline were net debt outflows in conjunction with year-on-year exchange adjustments between the currencies in which external debt is denominated and the U.S. dollar (the numeraire). Outflows were driven by an 18 percent contraction

in short-term obligations compared to 2014. China, which accounts for over 21 percent of the combined external debt stock of low- and middle-income countries, drove the global trend. Excluding China, end-2015 external debt stock totaled $5.3 trillion, only marginally below the end-2014 level. • With debt stocks in decline, external debt burdens in low- and middle-income countries remained moderate in 2015. The ratio of external debt to GNI averaged 26 percent for low- and middle-income countries, unchanged from 2014. The ratio of external debt to exports averaged 98 percent, only moderately above the prior year average of 92 percent. These ratios, calculated on the basis of the current U.S. dollar value of GNI and exports at the end of 2015, should be interpreted with care, as they mask increased debt service costs arising from the appreciation of the U.S. dollar. • Looking beyond debt, net financial flows (debt and equity) dropped to $379 billion, one third the 2014 level ($1,159 billion). This was equivalent to 1.5 percent of low- and middle-income countries’ combined GNI, down from an average of 4.9 percent in 2013–14. Equity-based foreign direct investment (FDI) proved resilient and offset the precipitous fall in debt and portfolio equity flows. FDI held steady at $543 billion in 2015, marginally higher than the previous year. Portfolio equity flows were positive in 2015 for the fourth successive year, but fell sharply to $21 billion ($81 billion in 2014). This fall reflected uncertainty over prospects for China, where portfolio equity inflows dropped to $15 billion ($52 billion in 2014). • High-income countries reporting quarterly external debt confirm their debt levels are, on average, much higher than in low- and middle-income countries. Yet government debt-to-GDP ratios (external and domestic debt combined) moderated in 2015.

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Trends in Low- and Middle-Income Country Debt Flows and Stocks, 2015 Net debt flows turn negative for the first time since the 2008 financial crisis Net debt inflows to low- and middle-income countries registered outflows of $184 billion, in 2015 a stark contrast to the inflows of $542 billion recorded in 2014. Contributors to this reversal were the continuing economic vulnerabilities and the effect of lower commodity prices and the commensurate swing in exchange rates, which weighed heavily on medium-term investment and growth forecasts. The prospect of an imminent increase in the U.S. policy rate also affected the volume and direction of flows, particularly to the larger, more advanced emerging markets. Negative debt flows were primarily driven by the contraction in short-term debt, which swung from a net inflow of $130 billion in 2014 to a massive, $398 billion outflow in 2015. Long-term debt flows remained positive but plummeted to $214 billion, half the previous year’s level. Flows from official creditors fell 17 percent to $38 billion, and their share of total long-term debt inflows remained moderate (17 percent). Increased financing from the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), raised multilateral creditors share of net official flows to 90 percent, (71 percent in 2014). Changes in relative rates of return and heightened risks, as evidenced by downgrades of some lowand middle-income countries by the major rating agencies, impacted bond issuance but bonds still

External debt stock declined for the first time in more than two decades The total external debt stock of low- and middleincome countries fell 6 percent in 2015, to $6.7 trillion. It was the first year in more than two decades where debt stocks did not rise—a marked contrast to the 10 percent increase in 2013–14. This decline was driven by a combination of net debt outflows of $184 billion, debt forgiveness, and the downward effect of the U.S. dollar appreciation on year-on-year exchange adjustments (more than half the debt of low- and middle-income countries is denominated in currencies other than U.S. dollars). Short-term debt stocks contracted sharply, ending the year 18 percent lower than in 2014. Long-term public and publicly guaranteed debt posted a moderate 2 percent increase, pushed up by new financing from multilateral institutions, notably IBRD and the IMF, and bond issuance by sovereigns and public sector entities. Private nonguaranteed debt stocks moved in the opposite direction, falling 2 percent, as financing from both commercial banks and bond issuance contracted sharply. Viewed from a borrower perspective, the composition of long-term debt stock, 51 percent public and publicly guaranteed debt and 49 percent private nonguaranteed debt, has remained stable over the past four years. Short-term debt, as a share of total debt outstanding, was 27 percent in 2015 (31 percent in 2014) but unchanged relative to imports. Figure O.2 External Debt Stock of Low- and Middle-Income Countries, 2010–15

1,400

8,000

1,200

7,000

1,000

6,000

800

US$ (billions)

US$ (billions)

Figure O.1 Net Debt Flows to Low- and Middle-Income Countries, 2010–15

constituted the single most important component of net debt flows, accounting for a little over half of long-term debt flows in 2015.

600 400 200

5,000 4,000 3,000 2,000

0

1,000

–200

0 2010

–400 2010

2011

Short-term debt Bonds

2012

2013

2014

2015

Banks and other private, long term Official creditors (including IMF)

2011

2012

2013

Source: World Bank Debtor Reporting System.

Source: World Bank Debtor Reporting System.

4

2014

Short-term external debt Public and publicly guaranteed (including IMF) Private nonguaranteed

2015


O

Aggregate Financial Flows to Lowand Middle-Income Countries, 2015

Resilient foreign direct investment kept net financial flows positive for low- and middle-income countries in 2015 Foreign direct investment (FDI) to low- and middleincome countries proved resilient in 2015 and offset the precipitous fall in debt flows and declines in portfolio equity. Net financial flows (debt and equity) plummeted to $379 billion, one third the 2014 level ($1,159 billion) but FDI flows held steady at $543 billion, marginally higher than the prior year. FDI benefited from investors responding to improvements in business and regulatory environments, medium-term growth prospects, and expanding domestic markets in many low- and middle-income countries. These positive factors served to offset concerns over fragility of the global economy, sluggish growth in commodity exporting countries, and weak aggregate demand. South Asia was the only region to see an appreciable increase in FDI flows in 2015, up 21 percent, driven largely by a positive response to changes in the regulatory framework in India. This contrasted with a more modest outcome in most other regions and the marked downturn in Europe and Central Asia where FDI flows fell, on average, 12 percent in 2015 to $55 billion ($62 billion in 2014), reflecting cutbacks in capital expenditures in the Russian Federation in response to the decline in international prices for oil and other metals and minerals, and the associated reduction in reinvested earnings as profit margins shrank. These factors also weighed on flows to oil-exporting countries in Figure O.3 Net Financial Flows to Low- and Middle-Income Countries, Debt and Equity, 2010–15 1,400

Latin America and Sub-Saharan Africa. China remained far and away the most important recipient of FDI flows to low- and middle-income countries in 2015; it accounted for 40 percent, followed by Brazil, 10 percent, and India, 7 percent. Portfolio equity flows contract sharply but remain positive Portfolio equity flows remained positive in 2015 for the fourth successive year. But outturns varied across the range of countries that benefited from substantial portfolio equity investments. For 2015 as a whole, they fell to $21 billion, one quarter the 2014 level. This fall reflected uncertainty over prospects for China, where net inflows dropped to $15 billion ($52 billion in 2014), and continued outflows from Thailand ($9 billion) and Russia ($6 billion). Flows to Nigeria turned negative but held up better than expected, given the fall in global oil prices and the concomitant downturn in the country’s macroeconomic prospects. Conversely, investors found opportunities in South Africa and saw portfolio equity inflows jump to $7.3 billion, almost triple the 2014 level. Those to Brazil also held up well, given the ongoing political and economic turbulence, ending the year at $10 billion, down 15 percent from 2014. Portfolio equity flows still benefit only a handful of low- and middle-income countries to any significant degree. Of cumulative flows in 2013–15, around 75 percent went to just seven countries, with China absorbing the lion’s share ($100 billion), followed by India and Brazil ($34 billion), respectively.

Figure O.4 Net Cumulative Portfolio Equity Flows to Major Recipients, 2013–15 Nigeria

1,200

US$ (billions)

V

1,000

Mexico

800

Colombia

600

South Africa

400

Thailand

200

Russian Federation

0

Brazil India

–200 2010

2011

2012

2013

2014

2015

China

Net foreign direct investment

–40

Net portfolio equity Net debt flows

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

–20

0

20 40 60 US$ (billions)

80

Net portfolio flows, 2013–15

Source: International Monetary Fund.

5

100

120

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China’s domination of debt and equity flows to low- and middle-income countries softens1 Between 2010 and 2014, China received almost 40 percent of the $6.5 trillion in combined debt and equity flows to all low- and middle-income countries. China was also a significant provider of bilateral financing and direct investment. But China’s dominance may be softening. (see box O.1). The growth of the Chinese economy was an important contributor to the continuous upward trend in net financial flows since the global economic crisis of 2008. But this trend is reversing as a result of the 2015 economic slowdown—GDP growth slowed to 6.9 percent in 2015, compared to 7.3 percent in 2014—and China’s shift from an external demand-driven economy to one focused on domestic consumption. The decline in imports saw a corresponding fall in short-term debt, which registered an outflow of $319 billion in 2015, a sharp reversal from inflows of $162 billion in 2014. Shifting investor expectations about relative near-term

Figure O.5 Net Debt and Equity Flows to Other Low- and Middle-Income countries and China, 2013–15 500 400 300 US$ (billions)

I N T E R N A T I O N A L

200 100 0 –100 –200 –300 Net debtChina

Net equityChina

2013

Net debt other-Low and middle income countries 2014

Net equity other-Low and middle income countries

2015

Sources: World Bank Debtor Reporting System and International Monetary Fund.

1. China has expanded its coverage of external debt statistics.

Box O.1 China Expands the Coverage of Its External Debt Statistics China’s State Administration of Foreign Exchange (SAFE) has recently improved the quality and transparency of China’s external debt statistics in conformity with the internationally agreed Special Data Dissemination Standard (SDDS). This included an expansion in coverage of debt instruments and inclusion of domestic debt held by nonresidents. SAFE also disseminated a revised historical data series for International Investment Position (IIP) statistics for 2005–10 and comprehensive external debt statistics for 2015 in the Quarterly External Debt Statistics (QEDS). World Bank staff created a historical series for external debt stocks that conform to China’s official and revised 2007-2015 IIP statistics. Significant

changes in the revised external debt statistics include (a) government borrowing in renminbi held by nonresidents; (b) inter-company lending (formerly classified as FDI); and (c) deposits held by nonresidents in foreign and domestic currency. The revisions are significant. Total external debt at end 2014 is now $1.8 trillion, an increase of 85 percent over the pre-revision figure of $959 billion. The shortterm debt accounts for 70 percent. Concomitant with the increase in external debt stocks was deterioration in key debt indicators. The end-2014 debt-to-GNI and debt-to-export ratio rose to 17.2 percent and 64 percent, respectively; the comparable pre-revision figures were 9.3 percent and 34.8 percent, respectively.

Figure O.6 China: External Debt Statistics before and after Reporting Revisions a. Long-term debt, China

b. Short-term debt, China

600

1,400

400 300 200

1,200

521 US$ (billions)

US$ (billions)

500 384

335 230

239

266

100

1,239

1,000

1,077

800

792

600 400

510

621

683

200

0

0 2012

2013

2014 Before the revision

2012 After the revision

Sources: China’s State Administration of Foreign Exchange (SAFE) and World Bank staff estimates.

6

2013

2014


O

returns on renminbi assets and concerns about nearand longer-term growth prospects dampened FDI and led to a surge in portfolio equity outflows: net portfolio equity flows fell over 70 percent in 2015. Debt flows to the top ten middle-income country borrowers contract sharply in 2015 Net debt flows to the top ten borrowers among lowand middle-income countries, measured on the basis of end-2015 external debt stock, and excluding China and Russia, declined moderately between 2012 and 2014. In 2015 they fell sharply, to $90 billion, a third the 2014 level, driven by a contraction in long-term debt flows and a $56 billion outflow of short-term debt (compared to a small $1 billion outflow in 2014). Net long-term debt flows to public sector borrowers were down nearly 59 percent, reflecting a sharp slowdown in bond issuance by sovereigns and other public sector borrowers and retrenchment in lending by commercial bank lending. Net debt flows to non-guaranteed private sector borrowers, both bond issuance and commercial bank lending, fared better, falling less steeply, 31 percent, in 2015. The reduction in the volume of flows and their composition varied significantly at the individual country level. Brazil and Turkey together accounted for 55 percent of net long-term debt inflows to private nonguaranteed borrowers, and India and Mexico claimed close to 54 percent of the comparable flows to public sector borrowers. Most top-ten borrowers recorded an outflow of short-term debt in 2015, but the most significant were Mexico ($21 billion) and Turkey ($23 billion). Only Argentina recorded short-term inflows of any significance in 2015 ($15 billion).

In contrast to middle-income countries, financial flows to the poorest countries rose in 2015 Despite volatility in commodity prices and an uncertain outlook for the global economy financial flows (debt and equity) to the world’s poorest countries, those eligible for concessional financing from the World Bank’s International Development Association (IDA), and designated IDA-only, continued their upward trajectory in 2015, rising 10 percent, to $58 billion.2 This was in marked contrast to other low- and middle-income countries, which saw comparable flows fall 67 percent over the same period. There was, however, a shift in the distribution of inflows to IDA-only countries with an increasing tilt towards equity flows—they rose 18 percent in 2015, pushing their share of net financial flows to 52 percent. Net debt flows totaled $28 billion in 2015, little changed from 2014, but registering a marked change in creditor composition. Net inflows from official creditors declined 14 percent, largely on account of the contraction in bilateral lending by China, while lending from multilateral institutions was largely static but still the largest component, 30 percent, of net long-term debt flows. Most IDA-only countries remain heavily dependent on official, concessional sources of financing, but several have gained market access in recent years, and bond issuance has accounted for an increasing share of debt flows. Rising costs reduced new bond issuance in 2015, and net inflows dropped almost 40 percent, to $3.8 billion, equivalent to 15 percent of long-term debt inflows, down from 24 percent in 2014. 2. As of July 1, 2016, there were 59 countries designated IDA-only of which 54 report to the World Bank Debtor Reporting System

Figure O.8 IDA-Only Countries – Composition of Financial Flows, 2013–15

40

60

30

50

20

40

10

US$ (billions)

US$ (billions)

Figure O.7 Top Ten Borrowers – Composition of Debt Flows, 2015

0 –10 –20

20

a

ut

h

Af

ric

0 –10

So

nd

ke y Tu r

ic o

Th ai

ex M

la

a

n

si

ta

M

al

ay

a

hs ak

Ka z

il

a

si ne

di In

do

In

a

az

tin

Br

en Ar g

30

10

–30

2013

2014

2015

Short-term debt

Short-term debt

Bonds

Bilateral creditors

Private nonguaranteed (long-term)

Other private debt (long-term)

Multilateral creditors

Equity

Public and publicly guaranteed (long-term)

Source: World Bank Debtor Reporting System.

V

Sources: World Bank Debtor Reporting System and International Monetary Fund.

7

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2 0 1 7

REGIONAL PERSPECTIVES, 2015 East Asia and Pacific Net financial flows fell to $45 billion, equivalent to only 0.3 percent of GNI, driven by the sharp contraction in China’s short-term debt, but other countries in the region also recorded net debt flows in 2015 that were only half of those in 2014. Table O.1 External Debt Stock and Net Financial Flows, East Asia and Pacific, 2010–15 US$ (billion) 2010

2011

2012

2013

2014

2015

External debt stocks

803.1

1,682.8

1,904.4

2,261.0

2,612.4

2,273.8

Net flows (debt and equity)

174.3

1,194.9

506.9

727.6

652.7

45.2

2.2

12.6

4.8

6.3

5.2

0.3

312.9

301.3

302.5

348.4

318.7

277.4

273.1

294.2

267.8

319.7

267.9

273.5

39.8

7.1

34.7

28.7

50.8

3.8

−138.6

893.6

204.4

379.3

334.0

−232.2

as % of GNI Equity flows Foreign direct investment Portfolio equity Net debt flows

0.6

1.7

1.8

−1.2

3.3

−5.5

−3.3

−0.5

−1.1

−3.1

0.6

−11.3

Official creditors Bilateral Multilateral

4.0

2.3

2.9

1.9

2.7

5.7

World Bank

2.7

0.9

1.4

2.4

1.7

3.3

Other multilateral

1.3

1.4

1.6

−0.4

1.1

2.4

IMF

0.0

0.0

−0.1

−0.1

−0.1

0.0

−139.2

891.8

202.6

380.5

330.7

−226.7

Private creditors

57.8

100.2

130.1

101.2

172.3

109.9

Public and publicly guaranteed

24.1

36.5

57.6

35.5

53.9

17.4

Private nonguaranteed

33.7

63.8

72.5

65.7

118.4

92.5

−196.9

791.6

72.4

279.3

158.4

−336.6

56.9

62.7

67.2

73.8

88.7

106.4

Net medium- and long-term debt flows

Net short-term debt flows Memorandum Item Worker remit. & comp. of employees

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Figure 0.9 Net Debt and Equity Flows to East Asia and Pacific excluding China, 2013–15 500 400

US$ (billions)

300 200 100 0 –100 –200 –300 2013

2014 FDI

2015

2013

2014

2015

Net Debt

2013

2014

2015

Portfolio equity

East Asia and Pacific East Asia and Pacific except China

Sources: World Bank Debtor Reporting System and International Monetary Fund.

8

Net financial flows to the region were $45 billion in 2015, equivalent to only 7 percent of the comparable flow for 2014. A major factor behind this downturn was the sharp contraction in short-term debt flows to China ($319 billion). Net equity flows, a positive $277 billion, were 13 percent lower than the previous year, pulled down by the precipitous fall in portfolio equity flows to China, which plummeted to $15 billion, from $52 billion in 2014. Excluding China, other countries in East Asia and Pacific recorded net financial flows of $75 billion in 2015, 3.5 percent of their combined GNI, a marked decrease from the debt and equity flows of 5.8 percent of GNI realized in 2014.


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Growth uncertainty about outcomes in the global economy, anticipation of a Federal Funds Rate (FFR) rate hike in the United States, and in China a slowdown in growth and the depreciation of the renminbi, affect countries across the region. Net debt flows to countries in the East Asia and Pacific region, excluding China, fell by half, and net equity inflows were down 24 percent from their 2014 level. Consistent with the trend of the past five years, Indonesia and Malaysia received more than half of net financial flows to the region (excluding China). Long-term debt inflows totaled $50 billion, divided almost evenly between public sector and nonguaranteed private sector borrowers, but with divergent trends at the individual country level. In Indonesia, for example, net debt inflows to public sector borrowers accounted for 76 percent of total long-term debt inflows. Conversely, in Thailand, public sector borrowers recorded an $970 million outflow of long-term debt in 2015. Bond issuance held up reasonably well at $27 billion, a relatively moderate decline from the $31 billion issued in 2014. Most countries recorded a contraction in short-term debt, which ended the year with an outflow of $18 billion. As in most other regions, net equity flows fared far better than debt flows in 2015, with FDI proving resilient and posting a moderate 2 percent increase. FDI into China slowed as investment in the manufacturing sector stagnated in parallel with the downturn in

economic growth, investor uncertainty over future outcomes, and as a consequence of rising wage and production costs that have reduced China’s advantage in labor-intensive manufacturing. However, China’s potential car market, particularly in populous inland regions, propelled flows into the automotive sector, and together with investments into the service sector, kept FDI on an even keel and broadly unchanged from 2014. East Asia and Pacific countries, excluding China, received $54 billion in FDI, some 5 percent below the 2014 level, of which around 68 percent went to Indonesia, Malaysia, and Vietnam. Short-term economic uncertainties saw a decline in FDI into Indonesia in 2015. It fell 30 percent, to $15 billion, and was concentrated mainly in manufacturing, agriculture, and fisheries. Malaysia remained a destination of choice for foreign companies, and multinational corporations focused on the expansion of the production capacity, and FDI. Flows to Vietnam maintained their upward trend, rising 34 percent in 2015, thanks in large part to investment in the electronics industry and the continued expansion of production facilities, including a further $600 million plan by Samsung, the country’s largest investor. Investment in Myanmar also soared to $3 billion and looks set to continue on an upward trajectory given the agreement signed with Thailand to develop the Dawei Special Economic Zone, with total investment expected to be in the region of $8.6 billion.

Figure O.10 Net Inflows to East Asia and Pacific (excluding China) and Select Countries, 2014–15

Figure O.11 Foreign Direct Investment Flows to Select East Asia and Pacific Countries, 2011–15 25

140 120

20 US$ (billions)

US$ (billions)

100 80 60 40 20

15

10

5

0 0

–20 East Asia and Pacific

Indonesia

Malaysia 2014

Vietnam

Thailand

2011

2015

Source: World Bank Debtor Reporting System.

2012

2013

Malaysia

Vietnam

Thailand

Source: International Monetary Fund.

9

2014

Indonesia

2015

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Europe and Central Asia Financial flows recorded an outflow of $51 billion, −1.8 percent of GNI in 2015, with net equity inflows insufficient to offset the collapse in debt where outflows surged and ended the year at $99 billion, adding to the $56 billion outflow in 2014. Table O.2 External Debt Stock and Net Financial Flows, Europe and Central Asia, 2010–15 US$ (billion) 2010

External debt stocks Net flows (debt and equity)

2012

2013

2014

2015

1,260.7

1,422.1

1,525.9

1,703.9

1,573.7

1,449.0

177.0

202.9

229.7

211.4

−3.5

−51.3

6.0

5.6

6.0

5.3

−0.1

−1.8

65.1

75.9

73.7

67.5

52.7

47.7

as % of GNI Equity flows

2011

Foreign direct investment

66.0

86.1

65.7

71.9

62.5

55.1

Portfolio equity

−0.9

−10.3

8.0

−4.5

−9.8

−7.4

111.9

127.1

156.0

144.0

−56.2

−99.0

25.6

6.4

−5.5

−9.5

2.3

7.8

2.7

−0.8

−1.4

0.0

3.0

1.3

22.9

7.2

−4.0

−9.5

−0.7

6.5

3.3

2.3

1.6

1.7

2.7

1.9

Net debt flows Official creditors Bilateral Multilateral World Bank Other multilateral

10.6

5.9

2.4

4.6

3.9

1.5

9.0

−1.0

−8.0

−15.8

−7.3

3.1 −106.7

IMF Private creditors Net medium- and long-term debt flows Public and publicly guaranteed

86.4

120.7

161.5

153.5

−58.4

42.4

98.5

131.2

117.7

−10.8

−51.8

28.9

19.6

34.3

68.3

−26.1

−27.3

Private nonguaranteed

13.5

78.9

96.9

49.3

15.2

−24.5

Net short-term debt flows

44.0

22.2

30.3

35.8

−47.6

−54.9

37.3

43.8

46.4

54.6

51.6

37.3

Memorandum Item Worker remit. & comp. of employees

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Figure O.12 Net Financial Flows to Russia and Other Europe and Central Asia Countries, 2014–15 Net debt, other ECA Net debt, Russian Federation Portfolio equity flows, other ECA Portfolio equity flows Russian Federation Foreign direct investment, other ECA Foreign direct investment, Russian Federation Net equity, other ECA Net equity, Russian Federation –100

0

–50

50

100

US$ (billions) 2014

2015

Sources: World Bank Debtor Reporting System and International Monetary Fund.

10

The regional trend in financial flows was dictated by Russia where falling oil prices and geopolitical tensions eroded confidence and led to a retrenchment in both debt and equity flows. Outflows widened, and an additional $84 billion left the country in 2015, on top of the $71 billion outflow of 2014. For other countries in the region, a more positive picture emerged. They too recorded debt outflows of $10 billion in 2015, principally on account of a sharp contraction in short-term debt, but net equity inflows remained moderately unchanged at $43 billion, in contrast to those to Russia, down 53 percent in the same period. Investment in Russia contracted across all sectors and was exacerbated by the disinvestment of Conoco Phillips U.S., a pioneer investor in the oil and gas sector. Comparable flows to Kazakhstan were down 56 percent, reflecting adjustment to terms-of-trade shocks and fallout from the downturn in the Russian economy, its major trading partner. Some other Central Asian countries also recorded declines as Russian investors reduced their presence in the region. In marked contrast, FDI to Ukraine surged to $4 billion


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($700 million in 2014) primarily on account of a large recapitalization in the banking sector and privatization of the 3G mobile network through license sales. Similarly, inflows to Turkey, the largest recipient of FDI in the region, soared to $16 billion, boosted by a raft of mergers and acquisitions, particularly in the financial sector, including the $2.5 billion purchase of Turkiye Garanti Bankasi by Banco Vizcaya, Spain. Portfolio equity flows to Russia were negative (outflows of $5.5 billion), but most countries in the region investors found attractive opportunities. As with other regions, the downturn in the global economic prospects and commodity prices, especially for oil and gas, had a major impact on net debt flows in 2015. They widened to an outflow of $99 billion, 76 percent increase from the outflow recorded in 2014, with Russia the dominant factor. Excluding Russia, net debt flows to other countries in the region were also negative, $9.7 billion as compared to an inflow of $25 billion in 2014. With regard to longterm debt, much of the decline resulted from the sharp reduction in new bond issuance, particularly by private sector non-guaranteed borrowers. It shrank, but amortization payments on maturing bonds rose, leading to an outflow of $1.3 billion (from an inflow of $29 billion in 2014) with the $9 billion outflow on private sector bonds offsetting the $7.7 billion net inflow on bonds issued by public sector borrowers. Short-term debt contracted sharply, leading to an outflow of $35 billion, but much of this ($23 billion) was attributable to Turkey And reflected the imposition by the Central Bank of Turkey’s of new reserve requirements on maturing external debt. Long-term net debt inflows from private creditors went down by 63 percent to $17 billion. The primary recipients,

Turkey and Kazakhstan, saw such flows fall 22 percent and 78 percent, respectively, in 2015. The net inflow of financing from official creditors almost tripled in 2015, to $7.8 billion from $3 billion in 2014, of which the World Bank and the IMF combined accounted for twothirds, and with Ukraine the principal recipient.

Figure O.13 Net Debt Flows to Europe and Central Asia by type of creditor, excluding Russia, 2010–15

Figure O.14 Net Financial Flows to Ukraine, 2010–15

Ukraine financial flows improved significantly in 2015 The improvement in the macroeconomic situation in Ukraine and more stable political environment led to balance-of-payments support from creditors and a positive impact on investors’ risk perception. FDI inflows increased from $700 million in 2014 to $4 billion in 2015, largely on account of the recapitalization of the banking sector and launch of a plan to privatize around 300 state-owned enterprises backed by a government resolution to conduct a transparent and competitive process. The authorities also implemented measures to improve the business licensing procedures which further encouraged investment and had a spillover effect on portfolio equity investment which witnessed slow, but positive gains. They moved from an outflow of $391 million in 2014 to an inflow of $177 million in 2015. Favorable developments with regard to investment flows were complemented by measures to bring external debt down to a more sustainable level. Ukraine benefited from a $40 billion balance-of-payments support package, led by the International Monetary Fund, to stabilize the economy to which private creditors contributed through debt restructuring. Bondholders wrote down 20 percent of their claims (around $3.8 billion) and refinanced the remaining $13.3 billion at a coupon of 7.75 percent and accepted a four year extension of maturity.

25,000 20,000

80

15,000 US$ (billions)

US$ (billions)

60 40 20

10,000 5,000 0 –5,000 –10,000

0

–15,000

–20

2010

2012

2013

2014

2015

Foreign direct investment

–40 2010

2011

2011 Official creditor net flows

2012

2013

2014

Private creditor net flows (excluding short term)

Source: World Bank Debtor Reporting System.

External debt

2015 Short term

Private equity

Sources: World Bank Debtor Reporting System and International Monetary Fund.

11

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2 0 1 7

Latin America and the Caribbean Net capital flows fell to 4.1 percent of GNI, their lowest level since 2010, as net financial flows (debt and equity) plunged to $193 billion, 37 percent below the 2014 level, and foreign direct inflows stagnated. Table O.3 External Debt Stock and Net Financial Flows, Latin America and the Caribbean, 2010–15 2010

2011

2012

2013

2014

2015

1,098.0

1,253.9

1,387.9

1,534.9

1,688.3

1,695.7

320.9

263.8

285.3

292.4

304.7

192.7

6.7

4.9

5.3

5.3

5.5

4.1

167.1

148.1

152.1

129.5

141.0

136.4

127.7

145.1

133.7

115.5

120.1

120.8

39.4

2.9

18.5

14.0

20.8

15.7

Net Debt Flows

153.8

115.7

133.1

162.8

163.7

56.3

Official creditors

22.6

4.9

12.1

8.7

12.0

5.9

4.4

2.8

5.3

3.9

5.0

−2.6

External debt stocks Net flows (debt and equity) as % of GNI Equity flows Foreign direct investment Portfolio equity

Bilateral Multilateral

18.1

2.0

6.9

4.8

7.0

8.5

World Bank

8.3

−2.9

3.6

3.2

3.0

3.3

Other multilateral

8.5

4.7

3.4

1.8

4.6

5.6

IMF

1.3

0.2

−0.1

−0.2

−0.6

−0.4

131.2

110.8

121.0

154.1

151.7

50.4

74.1

108.6

99.8

120.3

129.1

58.0

Public and publicly guaranteed

25.7

23.6

53.3

56.6

82.4

32.9

Private nonguaranteed

48.4

85.0

46.5

63.7

46.7

25.1

Net short-term debt flows

57.1

2.2

21.2

33.8

22.7

−7.6

56.5

60.0

60.4

61.8

64.1

68.3

Private creditors Net medium- and long-term debt flows

Memorandum Item Worker remit. & comp. of employees

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Figure O.15 Foreign Direct Investment Flows to Select Latin American Countries, 2014–15 Other countries Peru Mexico Colombia Brazil Argentina 0

10

20

30

40

50

US$ (billions) 2014

2015

Source: International Monetary Fund.

12

60

The precipitous fall in net debt flows pulled net financial flows to the region down 37 percent with concomitant impact on their composition, raising the share of equity in net financial flows to over 71 percent, from 46 percent in 2014. Although FDI was hampered by the fall in commodity prices and slowing domestic demand, it managed to stay flat at $121 billion at the regional and, by and large, the individual country level. Argentina was the only major recipient to record any significant increase in FDI. It saw inflows jump 60 percent, but this was largely because of the low base in 2014 when the government compensated Repsol, Spain for the nationalization of its subsidiary YPF SA. Investment in Brazil kept momentum across all sectors with flows to the automotive and health sector particularly strong. With inflows of $56 billion, it was the second largest recipient, after China, of FDI into low- and middleincome countries in 2015. It also attracted $10 billion in portfolio equity inflows with the enactment of Law 13.097 in January 2015 offering new opportunities


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for investors, and the steep depreciation of the real offering opportunities to buy at a discount. Inflows to Mexico were bolstered by investment in the automotive industry and cross-border acquisitions, including some mega-deals like the $2.5 billion purchase of the wireless telecom company Grupo Lusacell SA de V by AT&T America.

As in other regions, this outcome largely reflected a slowdown in flows principally from China, Germany, and Japan. The overall contraction in growth across the region also eroded short-term debt, which registered an outflow of $7.6 billion, a significant turnaround from inflows of $22.7 billion in 2014.

The fall in net debt flows in 2015 is accompanied by a shift in composition

Bond issuance down in 2015

80 70

US$ (billions)

60 50 40 30 20 10 0 –10 Short-term Long-term Long-term Long-term Long-term, debt debt, bilateral debt, debt, debt, bonds creditors multilateral commercial creditors banks and other 2013

2014

Figure O.17 Bond Flows by Type of Borrower, 2014–15 Public and publicly guaranteed

Figure O.16 Composition of Net Debt Flows, 2013–15

Bond issuance by public and private sector borrowers in Latin America fell sharply in 2015, as the uncertain prospects for the global economy, the possibility of a rate hike by the U.S. Federal Reserve, and the downgrade in Brazil’s credit rating by the major rating agencies to noninvestment grade weighed on the markets. Borrowers in the region issued bonds totaling $73 billion in 2015, a 26 percent decline over the comparable figure for 2014. New issuance by public sector borrowers was 30 percent below the prior year level, with borrowers in Brazil eschewing the markets in 2015, and issuance by public borrowers in Mexico down 41 percent. The contraction in new issuance by private nonguaranteed corporates was less pronounced; they fell only 17 percent from the prior year’s level. In terms of net flows however, it was a different story. The confluence of a decline in new issuance, and a marked increase in the share of maturing bonds, reduced the net inflow to public sector borrowers by 46 percent, to $26 billion, (from $48 billion in 2014) and reduced those to private nonguaranteed corporate borrowers to $2 billion, down from a net inflow of $14 billion in the previous year.

Disbursements

Private non-guaranteed

Long-term net debt inflows contracted 66 percent in 2015, to $56 billion. The decline was driven by a sharp decrease in net debt flows from commercial banks and bond issuance. In contrast to the increases of prior years, there was a parallel decline in financing from both these sources in 2015. Long-term net inflows from commercial banks dropped by 56 percent, to $29 billion, and net inflows from bond issuance were down, 54 percent, to $29 billion. The primary driver of the decline in commercial bank inflows was Brazil, which saw disbursement of new financing fall by 17 percent, while at the same time maturing obligations raised principal payments by 84 percent. Multilateral creditors were the only category of creditors to post an increase in 2015, up 21 percent over the 2014 level, but their share of net longterm debt inflows was modest, 15 percent. Most of the increase was attributable to the Inter-American Bank and other regional banks. With regard to bilateral creditors, 2015 marked a sharp reversal of the upward trajectory of flows observed in 2013 and 2014, instead registering an outflow of $2.6 billion.

Disbursements

Amortization Net flows

Amortization Net flows 0

Sources: World Bank Debtor Reporting System and Bank for International Settlement.

10

20

30

40

US$ (billions)

2015

2014

Source: World Bank Debtor Reporting System.

13

2015

50

60

70

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Middle East and North Africa Net financial flows (debt and equity) rose 18 percent in 2015, to $28 billion, equivalent to 2.3 percent of GNI, driven by a near doubling of net debt inflows, which served to more than offset declining equity inflows. Table O.4 External Debt Stock and Net Financial Flows, Middle East and North Africa, 2010–15 US$ (billion) 2010

2011

2012

2013

2014

2015

168.1

165.8

172.9

190.9

189.4

197.5

32.1

12.8

26.9

35.1

23.8

28.1

2.8

1.0

1.9

2.6

1.9

2.3

24.5

14.2

19.5

17.9

16.3

14.1

22.6

14.8

20.7

18.0

15.6

14.4

2.0

−0.6

−1.2

−0.1

0.6

−0.4

Net Debt Flows

7.6

−1.4

7.4

17.2

7.6

14.0

Official creditors

1.3

1.0

4.7

10.2

2.2

8.5

−1.1

−1.5

1.7

6.8

−0.6

4.9

2.4

2.4

3.1

3.4

2.8

3.7

World Bank

0.8

0.9

0.8

1.1

0.9

1.9

Other multilateral

1.6

1.6

1.8

1.4

0.4

0.9

IMF

0.0

−0.1

0.5

0.9

1.5

0.9

6.3

−2.3

2.7

7.0

5.3

5.5

1.4

−1.6

6.0

8.0

1.9

5.1

1.9

−1.8

5.1

7.4

1.5

4.1

Private nonguaranteed

−0.5

0.2

0.9

0.6

0.4

1.1

Net short-term debt flows

4.9

−0.7

−3.3

−1.0

3.4

0.4

36.0

38.2

44.6

46.0

49.7

46.2

External debt stocks Net flows (debt and equity) as % of GNI Equity flows Foreign direct investment Portfolio equity

Bilateral Multilateral

Private creditors Net medium- and long-term debt flows Public and publicly guaranteed

Memorandum Item Worker remit. & comp. of employees

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Figure O.18 Net Debt and Foreign Direct Investment Flows, 2010–15 25

US$ (billions)

20 15 10 5 0 –5 2010

2011

2012

2013

2014

2015

Foreign direct investment, net inflows Net debt inflows

Sources: World Bank Debtor Reporting System and International Monetary Fund.

14

Traditionally, most countries in the region have been more reliant on equity flows than on debt, but this was not the case in 2015. FDI flows to the region fell 8 percent, to $14 billion, their lowest level since 2010, equivalent to just over half of net financial flows, down from 66 percent the previous year. Trends at the individual country level, however, were widely divergent. The Arab Republic of Egypt was dominant, absorbing 48 percent of all FDI to the region in 2015. It saw inflows surge to $6.9 billion, almost 50 percent higher than the comparable figure for 2014, as foreign affiliates expanded their activities in the financial (CIB Bank and Citadel Capital) and pharmaceutical (Pfizer) sectors. The country also benefited from significant investments in telecommunications, including Mobile Towers Services by Eaton Towers (United Kingdom) and the ongoing investment in the gas industry from Eni (Italy). In contrast, inflows to Morocco, which serves as a major manufacturing base in North Africa for European companies, fell 29 percent, although the


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inflows were still sizable, and the country benefited from further investment by France in the automotive industry. The downturn in oil and gas prices weighed on Algeria and led to an outflow of $0.3 billion, a marked contrast to the inflow of $1.7 billion recorded in 2013. The Islamic Republic of Iran saw FDI flows decline for the third consecutive year, to $2 billion in 2015; but lifting of sanctions is expected to provide an impetus for a rebound going forward. The 84 percent rise in net debt flows to the region in 2015 was in stark contrast to trends in other regions, which saw marked, and in some instances, a precipitous contraction in net debt flows during the same period. As with FDI, Egypt dictated the regional trend. It recorded net debt inflows of $6 billion in 2015, 43 percent of those to the region as a whole, as compared to an outflow of $3 billion the previous year when several large debt service obligations fell due. More than twothirds of the 2015 inflow came in the form of bilateral loans from the Gulf Cooperation Council countries, notably Kuwait, Saudi Arabia, and the United Arab Emirates. Net debt inflows to the Islamic Republic of Iran rose to $0.8 billion, more than two times the 2014 level, and Lebanon saw them jump to $1.1 billion, nearly two and a half times the 2014 level, on account of a large increase in flows from short-term debt and private creditors, respectively. Some countries within the region saw debt flows decline. In Morocco they were down by 58 percent due to a decrease in flows from short-term and private creditors, while Algeria recorded a further contraction in short-term debt leading to a net debt outflow of $0.7 billion, decreasing two

and a half times from the $0.5 billion inflow in 2014. There was also a doubling of net flows from IBRD to the region, from $1 billion in 2014 to $2 billion in 2015. IBRD flows to Egypt, Morocco, and Tunisia were responsible for 94 percent of the regional total.

Figure O.19 Net Debt Flows to Select Middle East and North Africa Countries, 2014–15

Figure O.20 Debt Indicators to Countries in Middle East and North Africa, 2011–15

Debt ratios rise but remain below those of other low- and middle-income countries Historically, the average ratio of external debt to GNI and to exports for the region have been well below those of other low- and middle-income countries, largely as a consequence of the high share of equity in net financial flows in prior years and a decade of robust export earnings. More recently, the downturn in the growth in export earnings since 2013 and the increase in net debt inflows has had an appreciable impact on both the external debt-to-GNI and debt-to-export ratios, and there has been a marked upward trajectory. By end 2015, the external debt-to-GNI ratio had risen to 16.3 percent, from 12.5 percent in 2012, and the ratio of external debt to exports climbed to 69 percent from 42 percent over the same period. But they still remain moderate relative to the average ratio of debt to GNI and debt to exports of other low- and middleincome countries, 26.2 percent and 99 percent, respectively, at end 2015. The averages, however, mask divergence across the region. In 2015, the ratio of external debt to GNI ranged from a very low 1.6 percent in the Islamic Republic of Iran to 69.5 percent in Jordan, and regarding exports, from 6.4 percent in the Islamic Republic of Iran to a high of 385.6 percent in Yemen.

100

8

90 80 70

4 Percent

US$ (billions)

6

2 0

60 50 40 30 20

–2

10

–4 Algeria

Egypt, Arab Rep.

Iran, Islamic Rep. 2014

Lebanon

2015

Source: World Bank Debtor Reporting System.

Morocco

0 2011

2012

2013

2014

2015

Debt stock to GNI, low- and middle-income countries

Debt stock to GNI, MENA

Debt stock to exports, low- and middle-income countries

Debt stock to exports, MENA

Sources: World Bank Debtor Reporting System and International Monetary Fund.

15

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South Asia Net financial flows fell 22 percent in 2015 to $83 billion, equivalent to 3.1 percent of GNI, the lowest level since the global and economic crisis of 2008, with the downturn impacting India and other countries in the region to a comparable degree. Table 0.5 External Debt Stock and Net Financial Flows, South Asia, 2010–15 US$ (billion) 2010

2011

2012

2013

2014

2015

External debt stocks

411.1

461.4

528.0

569.7

607.2

637.1

Net flows (debt and equity)

104.8

80.6

104.0

102.6

106.1

83.2

5.0

3.6

4.5

4.3

4.1

3.1

60.7

33.6

49.5

51.6

50.3

46.8

Foreign direct investment

30.9

37.8

26.1

31.1

36.6

44.5

Portfolio equity

29.8

−4.1

23.4

20.5

13.7

2.3

Net Debt Flows

44.1

47.0

54.5

51.0

55.7

36.4

Official creditors

as % of GNI Equity flows

9.4

5.4

4.3

4.3

7.2

6.5

Bilateral

1.6

1.5

3.3

5.9

3.8

1.5

Multilateral

7.8

3.8

1.1

−1.7

3.4

5.0

World Bank

3.3

2.0

0.9

0.7

2.4

2.4

Other multilateral

2.5

1.8

1.7

0.4

1.5

1.3

IMF

2.0

0.0

−1.5

−2.8

−0.5

1.3

34.7

41.6

50.2

46.7

48.6

29.9

22.5

20.0

32.3

43.4

54.6

32.5

14.4

5.1

12.7

3.8

34.5

17.5

Private nonguaranteed

8.1

14.8

19.6

39.6

20.1

15.0

Net short-term debt flows

12.2

21.6

17.8

3.3

−6.1

−2.6

82.0

96.4

108.0

110.8

115.8

117.7

Private creditors Net medium- and long-term debt flows Public and publicly guaranteed

Memorandum Item Worker remit. & comp. of employees

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Figure O.21 Net Debt and Equity Flows to South Asia countries, 2010–15 70

US$ (billions)

60 50 40 30 20

2010

2011

2012

Net equity inflows

2013

2014

South Asia except India

South Asia

South Asia except India

South Asia

South Asia except India

South Asia

South Asia except India

South Asia

South Asia except India

South Asia

South Asia except India

0

South Asia

10

2015

Net debt flows

Sources: World Bank Debtor Reporting System and International Monetary Fund.

16

Net financial flows (debt and equity) to the region fell by 22 percent, with the 22 percent increase in FDI more than offset by the steep fall in net debt flows and portfolio equity flows down 35 percent and 84 percent, respectively, in the same period. India accounted for 99 percent of net financial flows to the region in 2015, compared to 81 percent in 2014. Excluding India, net financial flows to other South Asia countries declined 16 percent in 2015, slightly lower than similar to than the regional decline. The upswing in FDI was driven by India, which is now the third largest recipient of such flows among low- and middle-income countries, and the tenth largest recipient worldwide. The liberalization measures enacted since the current government took power have been a major factor in spurring investment from a wide range of sources, including China, Singapore, and the United States. FDI in Bangladesh hit $3 billion, a historic high, on account of


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Source: World Bank Debtor Reporting System.

Debt flows

Foreign direct investment

2015

South Asia 2014 except India 2015

Other multilateral, including IMF

World Bank

South Asia

Bilateral

2015

2015

2014

2014

Sri Lanka

2013

Commercial banks (PPG and PNG)

2015

2012

2014

2011

Bonds (PPG and PNG)

Pakistan

2010

2015

–5

2014

0

2014

5

Bangladesh

10

Nepal

15

Percent

US$ (billions)

20

100 90 80 70 60 50 40 30 20 10 0

India

25

2015

Figure O.23 Share of Debt, Equity, and Remittances in Flows to South Asia, 2015

2015

Figure O.22 Gross Disbursements to South Asia Countries, excluding India, 2015

2014

largest multilateral creditor: disbursements in 2015 were $4 billion, with 90 percent of this going to the region’s most populous countries, Bangladesh, India, and Pakistan. Workers remittances are often overlooked in the discussion of financial flows, but they are a vital part of the development process, and particularly so in the South Asia region where they have been on a rapid upward trajectory for the past decade. In 2015, remittances to the region totaled $118 billion, equivalent to 4.4 percent of GNI. The comparable figures for 2000 were $17 billion and 2.8 percent. In 2015, the remittances received by South Asian countries were, on average, three times net debt inflows and two and a half times inflows of FDI in the same period. The worldwide growth in remittances slowed in 2015, in line with outcomes in the global economy, and this was reflected in the downturn in remittances to India, which fell 1.6 percent from the 2014 level. In contrast, those to Pakistan registered a marked 12 percent increase. India remained, however, the single largest recipient of remittances worldwide and received 59 percent of those to the region. Remittances accounted for 50 percent of net financial flows (debt, equity, and remittances combined) to India in 2015. For most other South Asian countries, remittances far surpass debt and equity inflows in importance. They accounted for 80 percent of financial flows (debt, equity, and remittances combined) to Bangladesh and Pakistan, and in Nepal, to a staggering 96 percent of combined flows.

2014

investment in labor-intensive manufacturing in the textile and garment industry and for power generation and reinvested earnings. In contrast, inflows to Pakistan and Sri Lanka fell back to $884 million and $426 million, respectively, but these downturns were largely attributable to cyclical factors rather than fundamental concerns on the part of investors. The primary factor in the downturn in net debt flows in 2015 was a marked decline in new (gross) disbursements of external financing. These fell by 46 percent in 2015 due to a combination of factors. India was the driving force, and for countries in the region other than India, the decline was more moderate, down 33 percent from the comparable flows for 2014. New bond issuance (public and private sector issuers combined) was close to one-third the level of the prior year, when issuance peaked at $37 billion. Pakistan and Sri Lanka remained active in international bond markets in 2015, but for much lower amounts. Gross disbursements from commercial banks were also down by one-third in 2015. The 14 percent fall in disbursements from official creditors was largely the consequence of a slowdown in flows from China and Japan, the region’s most important bilateral creditors, and bringing overall disbursements from bilateral creditors down 33 percent in 2015. This was mitigated by increased disbursements from multilateral creditors, including a 12 percent rise in those from the World Bank (IBRD and IDA combined). IDA, the World Bank’s concessional finance window to which all South Asian countries have access, remained by far the single

Remittances

Source: World Bank Debtor Reporting System and International Monetary Fund.

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Sub-Saharan Africa Net financial flows increased 8 percent in 2015 to $82 billion, 5.5 percent of GNI, their highest level since 2008, driven upward by a continued increase in net debt flows from private creditors and a $2.9 billion inflow of short-term debt, but partially offset by a 20 percent decrease in net debt flows from official creditors. Table O.6 External Debt Stock and Net Financial Flows, Sub-Saharan Africa, 2010–15 US$ (billion) 2010

2011

2012

2013

2014

2015

282.9

312.7

352.6

377.6

400.1

416.3

42.8

60.8

70.7

72.2

75.5

81.5

3.4

4.3

4.7

4.6

4.6

5.5

26.7

34.9

41.1

41.2

38.0

41.5

18.5

38.1

35.4

34.5

33.4

34.7

8.1

−3.1

5.6

6.7

4.6

6.8

Net Debt Flows

16.2

25.9

29.6

30.9

37.5

40.0

Official creditors

14.5

External debt stocks Net flows (debt and equity) as % of GNI Equity flows Foreign Direct Investment Portfolio Equity

13.8

13.3

11.8

15.3

18.2

Bilateral

6.4

6.0

4.6

7.4

8.6

5.3

Multilateral

7.5

7.3

7.3

7.9

9.6

9.2

World Bank

4.0

3.2

3.9

5.0

6.2

6.5

Other multilateral

2.3

2.7

2.5

2.7

3.7

2.8

IMF

1.2

1.4

0.9

0.2

−0.3

−0.1

2.4

12.6

17.8

15.6

19.3

25.5

2.1

12.7

8.4

14.3

19.7

22.6

Public and publicly guaranteed

0.9

5.2

5.3

7.1

11.8

9.5

Private nonguaranteed

1.3

7.4

3.1

7.1

7.9

13.1

Net short-term debt flows

0.3

−0.1

9.4

1.4

−0.4

2.9

31.2

35.7

36.2

36.3

36.9

39.8

Private creditors Net medium- and long-term debt flows

Memorandum Item Worker remit. & comp. of employees

Sources: World Bank Debtor Reporting System, International Monetary Fund, and Bank for International Settlement.

Figure O. 24 Net Foreign Direct Investment Flows to Select Countries, 2015 Sudan Kenya Congo, Rep. Ethiopia Nigeria Ghana Angola Other 0

2

4

6

8

10

12

14

US$ (billions) 2015

2014

Source: International Monetary Fund.

18

16

The upward trajectory in net financial flows was a consequence of a continued increase in both debt and equity flows. Equity flows rose 9 percent in 2015 to $42 billion, maintaining their share of total financial flows at just over half. Portfolio equity flows surged 48 percent, to nearly triple the 2014 level, but were directed primarily to South Africa where investors found opportunities as stock market prices tumbled. Conversely, legislative uncertainties in the country weighed on FDI to South Africa, and flows turned negative. For Sub-Saharan Africa (excluding South Africa), FDI in 2015 was little changed from 2014, but with some important shifts across recipient countries. Angola, far and away the largest recipient, attracting $9.5 billion; local affiliates counteracted the economic downturn by borrowing from parent companies to strengthen their balance sheets. Inflows to Nigeria were dragged down by lower oil prices and delays in some major exploration projects, and those to the Republic of Congo fell sharply. High world cocoa prices keep inflows to Ghana on


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an even keel, and in Sudan they jumped to $1.7 billion on account of continued Chinese investment in the oil sector. Investor confidence in Kenya’s business climate and booming domestic market pushed inflows to a record high of $1.4 billion, and they stayed strong in Ethiopia, which benefits from its privileged export position under the African Growth and Opportunity Act. Net debt flows to the region, excluding South Africa, fell 16 percent in 2015, their first decline since 2012, reflected vulnerabilities to developments in the global economy, the fall in world market prices for oil and other commodities, the slowdown in China, and knock-on effects on growth prospects, with many currencies depreciating significantly against the U.S. dollar. Net debt flows to public and publicly guaranteed sector borrowers, which accounted for 82 percent of total net debt flows, decreased by 21 percent in 2015 to $22 billion, as disbursements on new financing fell sharply while amortization payments rose. However, the impact was largely concentrated in market-based borrowers like Botswana and Mauritius, and in oil exporters, notably Angola and the Republic of Congo. Net flows from bilateral creditors were hit hardest, decreasing by 38 percent, largely on account of cutbacks in financing by China or borrower cancellation of undisbursed Chinese loans (as in the case of Ghana) when Chinese lending terms tightened. Net debt flows to the private nonguaranteed sector borrowers declined almost 50 percent, to $2.9 billion, as new bond issuances decreased sharply, but these flows are concentrated in only a handful of countries. Conversely, short-term debt inflows not only remained positive, in contrast to the

outflows experienced by many low- and middleincome countries, but increased to $1.9 billion, over 50 percent higher than the level of 2014. The combined external debt stock of countries in the region (excluding South Africa) continued on an upward trajectory in 2015, rising by 7.5 percent, a marked contrast to the decline in external debt stocks reported by other low- and middle-income countries over the same period. The aggregate figure masks some wide divergence in the pace of debt accumulation at the individual level, with some countries in Sub-Saharan Africa recording the fastest rising external debt levels of any low- and middle-income countries. Between end 2013 and 2015, the external debt stock Ethiopia, Kenya, Liberia, Nigeria, and Zambia rose by over 35 percent, and that of another 16 countries in the region by more than 10 percent. In several countries, the rapid rise in outstanding external debt is attributable to large bond issuance in international capital markets. The impact of a sharp increase in external obligations at a time when global economic outcomes have heightened vulnerability to exogenous shocks is evident from the change in the debt-toexport ratio of countries in the region. This ratio rose to 116 percent at end 2015 from 87 percent at end 2014. As expected, some of the most severely affected countries were those dependent on oil or mineral exports like Nigeria and Zambia. Increased debt burdens also raise issues of debt sustainability, and as the most recent, publicly available IMF–World Bank debt sustainability analysis shows, several countries in the region, including some that benefited from the Heavily Indebted Poor Country (HIPC) initiative, have a high risk of debt distress.

Figure O.25 Net Debt Inflows to Sub-Saharan Africa, 2014–15

Figure O.26 Change in External Debt Stocks for Select African Countries, 2013–15

35

70

30

60 50

20

% increase

US$ (billions)

25

15 10

30 20

5 0 –5

40

10 2014

2015

Sub-Saharan Africa

2014

2015

Sub-Saharan Africa (except South Africa)

Net short term Net debt private creditors

0 SubNigeria Saharan Africa (except South Africa)

Zambia

2013–15

Net debt official creditors

Source: World Bank Debtor Reporting System.

Kenya

Source: World Bank Debtor Reporting System.

19

Liberia

Ethiopia

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2 0 1 7

External Debt Trends in High-Income Economies The combined external debt stock of high-income economies reporting to the QEDS database declined for the second consecutive year, with gross external debt stocks down an average 3.7 percent in 2015. Figure O.27 High-Income Economies, change in external debt stock, 2015 15

10

Percentage

5

0

–5

–10

D

H

un

ga r M y en alta Sl ma ov rk Sw eni ed a Au en s C tria r Po oat r ia Sl ov F tug ak in al R lan ep d u C blic yp N rus o N Ge rw U ew rm ay ni Z a te e ny d al Ki an ng d Be dom lg i N Fr um et an he c rla e Es nds to n La ia tv ia It Po aly la Ko Is nd re ra a, el R G ep re . ec Si Sp e ng ai C Se ap n ze y o ch ch re R elle ep s Li ub H th lic on u g Au an Ko ia ng U stra SA ru lia g R ua ,C y Ba h ha Ca ina m n Lu as ada x , U em Th ni b e te o d ur St g An at tig S e ua w C s an itze hile d rla Ba n rb d u Ja da pa Ire n la nd

–15

Source: Quarterly External Debt Statistics Database.

Most high-income economies saw their external debt position fall in 2015. At year end, their combined gross external debt stock stood at $67.4 trillion, down from a peak of $70.8 trillion at end 2013. At the country level, 14 of the 43 high-income Figure O.28 External Debt Stock of G-7 and Other High-Income Economies, 2010–15 80 70

US$ (trillions)

60 50 40 30 20 10 0 2010

2011

2012

2013

Other high-income countries

2014

2015

G-7 Countries

Source: Quarterly External Debt Statistics Database.

20

economies reporting to QEDS recorded a reduction in external debt stock at end 2015, ranging from 10 percent to 15 percent, while a further 15 economies reported external debt stock reductions of between 2 percent and 9 percent. In part, lower external debt stocks reflected changes in the valuation of national currencies relative to the U.S. dollar (the QEDS reporting numeraire), but it also stemmed from a continuation of consolidated efforts to reduce public debt burdens. Iceland was in a league of its own, posting a 69 percent fall in gross external debt stock in 2015, thanks to a sizable increase in its non- borrowed foreign exchange reserves. This enabled prepayment of a bilateral loan from Poland, the Avens Bond, held by domestic pension funds, and some Eurobonds through a $500 million debt buyback operation. For 11 highincome economies, external debt stocks rose in 2015. Ireland saw the largest increase, up 12 percent, driven largely by a 73 percent rise in direct investment intercompany lending. External debt stocks rose by 8 percent in Japan, 5 percent in Switzerland, and 4 percent in Chile over the comparable figure for end 2014.


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The Group of Seven (G-7) countries accounted for 63 percent of the external debt stock of all high-income countries reporting to the QEDS. At end 2015, their combined external debt stock stood at $42.6 billion, a decline of 3.4 percent from the comparable figure at end 2014. Three of the seven, France, Germany, and the United Kingdom, saw external debt stock decline by about 10 percent, while Italy’s was down 7.8 percent. Conversely, Japan reported an 8.0 percent rise in external debt stock, while for the United States and Canada it rose only moderately, 2.6 percent and 1.6 percent, respectively. Other high-income economies, which together accounted for 37 percent of the external debt stock of high-income economies reporting to QEDS, fell on average by 4.2 percent in 2015. From a borrower or sector perspective, the overall average decline in high-income economies’ gross external debt position was largely the consequence of a contraction in the external debt liabilities of deposit-taking corporations (excluding central banks) and comprising primarily commercial banks. This category of external debt fell by $1.9 trillion, or 8 percent, in 2015 to $21.1 trillion at year end. Another contributing factor was the $0.7 billion (4 percent) decline in general government external debt stock, which at year’s end stood at $15.3 trillion. During 2015, most high-income economies recorded reductions in their general

government external debt stock, although there were a few economies where there was a marked increase in this category of debt: Norway recorded a 21 percent increase, Japan 15 percent, the Czech Republic 13 percent, and Chile 10 percent. The outlier was Hong Kong SAR, China, where the external debt of the general government was up 93 percent in 2015 on account of a doubling in debt securities. In most economies, the reduction in external debt liabilities was driven by a contraction in debt securities; they fell on average 9 percent in the case of deposit-taking corporations, and 4 percent with regard to general government. Although external debt stocks fell in 2015, most high-income economies recorded increases in the external debt-to-GDP ratio. For all high-income economies reporting to QEDS combined, it rose to 150 percent in 2015, from 147 percent in 2014. For G-7 countries the story was mixed. In the United States, the debt-to-GDP ratio remained constant, 99 percent, despite the rise in level of external debt stocks over the past three years. The United Kingdom saw an improvement in 2015, although the debt-to-GDP ratio remains elevated at 290 percent. Other G-7 countries saw the ratio deteriorate in 2015. In Canada it rose to 100 percent, from 86 percent in 2014, and in Japan it jumped to 71 percent (59 percent in 2014). France, Germany, and Italy also saw a deterioration in the debt-toGDP ratio in 2015.

Figure O.29 High-Income Economies, External Debt Stock by Sector, 2014–15

Figure O.30 G-7 Countries, External Debt-to-GDP Ratio, 2010–15 400

25

350 300 250

15

Percent

US$ (trillions)

20

10

200 150 100

5

50 0 General government

Central bank

Deposit-taking coporations, except the central bank 2014

Other sectors

2015

Source: Quarterly External Debt Statistics Database.

Direct investment: intercompany lending

0 2010

2011

2012

2013

2014

Canada

France

Germany

Japan

United Kingdom

United States

Source: Quarterly External Debt Statistics Database and International Monetary Fund.

21

2015 Italy

E

R

V

I

E

W


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 7

Public Sector Debt Statistics – Trends in 2015 Government debt in OECD countries remained high but broadly unchanged in 2015. Figure O.31 OECD Countries, Government Debt-to-GDP Ratio, 2015 250

Percent

200

150

100

50

Ja G pan r Po eec rtu e U ga U nite ni d Ita l te S ly d ta Ki te ng s do S m Be pai lg n i Fr um a Ic nce e Sl lan ov d e Ire nia la Au nd H s O New un tria EC g D Zea ary C la ou n nt d ri Sl Ne Is es ov th ra e ak rl el R and ep s u Fi blic n C land an a Po da Au lan s d C ze Ge tra ch rm lia R an ep y Sw ubli ed c La en D tv en ia m Tu ark rk Ko M ey re exi a, co R Lu No ep xe rw . Sw mb ay itz our er g la n C d Es hile to ni a

0

Source: World Bank, Public Sector Debt Statistics Database.

Debt-to-GDP ratios averaged 67.2 percent in OECD countries but varied widely Countries reporting to the quarterly PSDS database indicate that government debt levels in OECD economies remained high in 2015, and broadly unchanged at $41.4 trillion, but government debt burdens, measured by the debt-to-GDP ratio varied considerably. The ratio ranged from a low of 6.7 percent for Figure O.32 Central Government Debt-to-GDP ratios, Select Middle-Income Countries, 2011 and 2015 80 70

Percent

60 50 40 30 20 10 0 Argentina

Mauritius

Brazil 2011

Pakistan

Sri Lanka

2015

Source: World Bank, Public Sector Debt Statistics Database.

22

Estonia, to a high of 205 percent in the case of Japan, the highest of any advanced economy—due, in part, to higher spending on social services for an aging population coupled with slow GDP growth. Ireland saw a sharp 28 percent decrease of the government debt burden in 2015, the outcome of the 26 percent rise in GDP, resulting from a significant revision of the stock of capital assets, and an 11 percent decline in debt stock. Iceland, one of the top performers in terms of economic growth since 2008, saw its debt- to-GDP ratio drop below 100 percent. Greece remained the most indebted country in the group. Despite concerted efforts by the authorities to tighten fiscal policies and implement structural economic reforms over the past two years, the government debt-to-GDP ratio increased by a further 1.8 percentage points in 2015 to 183.1 percent. Portugal and Italy had the second and third highest debt-to-GDP ratios among OECD economies in 2015; 137 percent and 127 percent, respectively. In the United States, government debt stocks, of which 85 percent consti- tuted debt securities, rose 4.5 percent in 2015 to $17.7 trillion, equivalent to 98 percent of GDP. The United Kingdom, where 70 percent of government debt is owed to domestic creditors, had a similar debt-toGDP ratio, 92 percent.


O

Emerging market economies debt continues to rise

V

The quarterly PSDS database provides a strong methodological framework for the compilation of comprehensive statistics on public sector debt. The reporting requirement covers the public sector debt of all relevant sectors of the economy: (1) general government, (2) central government, (3) budgetary central government, (4) nonfinancial public corporations, (5) financial public corporations, and (6) the total consolidated public sector debt. Similarly the instrument coverage for each sector is both comprehensive and identical, comprised of (1) debt securities, (2) loans, (3) currency and deposits, (4) Special Drawing Rights, (5) other accounts payable, and

(6) insurance, pensions, and standardized guarantee schemes. The quarterly PSD is a relatively new international reporting initiative, and countries’ willingness to participate has been strong. At present, however, the vast majority of countries reporting to the quarterly PSDS database provide information for public sector debt narrowly defined as that of the central government, and in many cases for only a subset of debt instruments—typically debt securities and loans. Only 21 of the 72 countries reporting to the quarterly PSDS database on a regular basis provide reports that cover total public sector debt. To ensure that cross-country comparisons of indicators drawn from the PSDS database are coherent, the IMF, the OECD, and the World Bank have collaborated on defining a presentation matrix that groups public sector debt into four categories or dimensions ranging from a narrow to a comprehensive coverage of instruments for each sector of the economy. The first dimension, D1, comprises debt securities and loans, typically the largest share of public debt. The second dimension, D2, comprises all D1 instruments, plus SDR holdings and currency and deposits.’ The third dimension, D3, includes other accounts payable (in addition to all instruments captured by D2), and provides an important indicator of crisis in periods of financial distress. Finally, the fourth dimension, D4, includes insurance, pensions, and standardized guarantee schemes in addition to the indicators covered by D3. At present, seven countries reporting to the PSDS database provide information on public debt that covers all instruments and conforms to the D1 category; five of those are highincome OECD countries, and two are low- and middle-income countries.

Figure O.33 Status of Reporting for Public Debt of Each Sector of the Economy

Figure O.34 Coverage of Public Sector Debt by D1-D4 Categories

Government debt levels in low- and middle-income countries were, on average, higher in 2015 than the previous year, with the ratio of central government to GDP ranging from 10.4 to 76 percent. Argentina, Brazil, Mauritius, Pakistan, and Sri Lanka had the highest ratio of central government debt to GDP among low- and middle-income countries Market risk was mitigated by increasing the domestic currency borrowing of the central government, with Brazil and China raising virtually all of government financing needs in domestic markets and domestic currency in 2015. Other countries that relied heavily on domestic markets were Mauritius, Morocco, Nigeria, and South Africa. At end 2015, the domestic currency component of government debt for countries reporting to the PSDS database, excluding Brazil and China, averaged 45 percent of the total. Facilitating analytical use of public debt statistics and coherent cross-country comparisons

80 70

60

Number of countries

Number of countries

80

40 20

ve Ce rn nt m ra en l t ge ta go ry ve ce rn nt m ra en l pu t bl ic No co nf rp ina or n at cia io l ns Fi na n co cia rp l p or u at bl io ic ns To ta lp se ubl ct ic or

50 40 30 20 10 0 D1

Bu d

go

go

ve Ge rn ne m ra en l t

0

60

Source: World Bank, Public Sector Debt Statistics Database.

All countries

D2 High income, OECD

D3 High income, non-OECD

Source: Public Sector Debt Statistics Database.

23

D4 Other

E

R

V

I

E

W



part II

Aggregate and Country Tables

25



ALL LOW- AND MIDDLE-INCOME COUNTRIES

(US$ billion, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,091.2 1,732.9 1,271.2 748.5 78.4 522.7 331.2 461.7 97.5 280.0 31.8

2,532.3 1,972.4 1,295.5 711.6 69.4 583.9 414.9 676.9 140.5 490.6 28.7

4,023.8 3,132.9 1,673.5 826.8 154.5 846.8 558.5 1,459.4 236.5 736.4 21.0

5,298.6 3,573.9 1,798.8 858.2 154.4 940.6 617.8 1,775.1 280.1 1,570.3 18.0

5,871.8 4,005.2 2,024.8 876.6 146.1 1,148.2 787.9 1,980.4 323.5 1,720.5 20.3

6,638.1 4,437.5 2,237.0 901.5 128.4 1,335.5 862.9 2,200.6 390.3 2,072.2 19.4

7,071.2 4,753.8 2,382.2 908.8 113.8 1,473.5 975.4 2,371.6 449.9 2,203.6 20.4

6,669.4 4,750.0 2,419.9 910.7 113.7 1,509.2 1,028.2 2,330.1 463.3 1,805.6 20.9

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

222.4 136.0 52.3 83.7 54.8 86.3 12.2

366.6 148.9 45.7 103.2 67.6 217.7 41.3

642.2 293.3 111.0 182.3 102.9 348.9 56.7

770.4 262.1 92.6 169.5 105.1 508.3 100.8

852.3 318.0 91.4 226.6 167.0 534.3 105.6

929.0 370.8 108.3 262.6 125.2 558.2 131.5

969.0 379.8 108.6 271.2 184.7 589.2 114.8

803.1 314.9 102.2 212.7 138.0 488.3 102.6

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

197.4 103.2 46.9 56.3 22.0 94.2 16.3

272.5 143.5 69.3 74.2 44.0 129.0 17.1

382.2 137.7 51.3 86.5 36.8 244.5 17.8

400.0 141.7 60.5 81.2 36.4 258.3 18.0

406.7 111.9 53.7 58.2 19.0 294.8 33.6

478.6 146.5 62.7 83.8 40.8 332.2 36.0

549.9 169.5 56.2 113.2 55.8 380.4 47.3

593.9 227.8 69.2 158.6 65.7 366.1 61.4

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

92.0 63.2 25.7 37.5 25.4 28.8 8.0

81.9 60.3 23.7 36.6 30.3 21.6 8.1

106.4 51.0 15.5 35.5 30.2 55.4 12.7

124.1 56.3 16.3 40.0 34.6 67.8 18.3

151.7 81.1 17.6 63.4 57.5 70.6 16.2

142.1 65.4 17.0 48.4 42.2 76.7 21.7

154.2 71.2 17.0 54.2 46.5 83.0 24.3

159.6 78.4 17.0 61.4 52.7 81.2 25.2

150.5 5.2 -5.0 8.0 -10.5 10.2 19.6 28.7 -9.1 -9.3 145.3 131.1 14.3

466.6 137.5 -63.6 2.9 -40.0 201.1 117.7 47.9 69.8 83.4 329.1 263.0 66.1

852.1 195.0 73.2 22.4 13.4 121.8 200.2 105.0 95.2 -78.4 657.0 538.8 118.2

1,815.9 1,207.8 32.6 6.5 0.5 1,175.2 338.3 151.4 186.8 836.9 608.1 616.2 -8.1

1,223.5 585.1 29.2 12.1 -8.4 555.8 407.9 220.1 187.8 147.9 638.4 549.4 89.0

1,441.3 785.2 27.8 14.1 -17.7 757.3 404.8 179.9 224.9 352.5 656.1 590.8 65.3

1,159.3 542.3 45.2 16.9 -7.2 497.1 366.7 196.5 170.2 130.4 616.9 536.1 80.8

379.3 -184.5 37.7 19.3 4.8 -222.2 176.2 113.6 62.7 -398.4 563.8 543.0 20.8

5,701.6 1,499.1 1,544.5 64.7 73.0 592.3

9,416.2 3,128.6 3,077.0 184.6 170.8 1,894.5

20,022.7 5,634.5 5,814.3 496.4 300.0 5,350.1

23,544.4 6,937.3 7,243.5 594.8 336.8 5,832.0

24,991.9 7,250.8 7,568.1 543.9 362.8 6,122.9

26,363.2 7,463.6 7,948.3 578.6 383.3 6,613.4

27,360.3 7,658.8 7,988.4 361.7 406.9 6,497.9

25,892.2 6,819.9 7,080.0 272.7 415.7 5,861.5

139.5 36.7 22.0 13.4 15.5 28.3

80.9 26.9 13.4 19.4 14.6 74.8

71.4 20.1 9.5 18.3 12.0 133.0

76.4 22.5 8.3 29.6 9.5 110.1

81.0 23.5 8.6 29.3 9.0 104.3

88.9 25.2 9.3 31.2 8.3 99.6

92.3 25.8 10.1 31.2 7.9 91.9

97.8 25.8 11.9 27.1 8.6 87.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

27


EAST ASIA AND PACIFIC

(US$ billion, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

497.0 418.1 270.9 171.4 17.8 99.5 35.8 147.2 36.7 61.1 5.2

642.8 434.7 279.4 172.5 10.0 106.9 67.4 155.4 36.2 198.1 0.9

803.1 627.2 375.4 211.3 20.5 164.1 124.1 251.7 37.9 155.5 1.2

1,682.8 715.3 400.4 216.4 20.4 183.9 136.5 315.0 60.5 947.1 1.2

1,904.4 864.9 462.7 211.0 20.3 251.7 198.0 402.2 93.3 1,019.3 1.0

2,261.0 942.2 478.6 195.7 20.3 282.9 213.9 463.6 113.8 1,298.5 0.9

2,612.4 1,136.7 519.7 188.7 19.0 331.0 247.8 617.0 161.4 1,456.7 0.8

2,273.8 1,135.4 521.8 180.7 18.2 341.1 267.8 613.6 203.7 1,120.1 0.8

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

42.6 29.2 16.1 13.1 4.5 13.4 3.2

79.3 30.0 9.1 20.9 15.5 49.3 7.8

124.6 53.4 17.0 36.3 20.7 71.3 4.1

176.7 67.9 16.8 51.2 30.9 108.8 25.4

217.6 83.3 16.6 66.7 52.9 134.3 39.9

197.6 58.3 15.8 42.5 22.7 139.3 41.8

285.1 87.2 17.5 69.7 50.3 197.9 56.3

270.2 73.4 16.3 57.1 39.9 196.8 61.7

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

47.0 22.8 10.3 12.6 1.2 24.2 6.6

66.9 24.4 10.8 13.6 4.3 42.5 4.3

66.3 28.6 16.4 12.2 5.1 37.6 4.2

74.7 29.7 15.0 14.7 5.7 45.0 4.1

85.6 23.8 14.7 9.1 1.6 61.7 4.3

97.6 23.9 16.9 7.0 0.4 73.7 9.1

109.5 29.9 14.1 15.8 11.2 79.5 11.0

165.9 61.5 21.8 39.7 11.7 104.3 18.3

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

20.5 12.9 7.3 5.7 2.3 7.5 2.6

12.7 8.6 4.0 4.6 3.2 4.1 1.6

17.2 9.7 3.7 5.9 5.0 7.5 1.7

19.7 10.3 3.9 6.4 5.4 9.4 4.1

21.8 11.3 4.7 6.6 5.7 10.5 4.9

24.1 11.2 3.9 7.3 6.5 12.9 6.6

26.9 11.4 3.6 7.8 7.1 15.5 8.7

30.3 12.5 3.5 9.0 7.9 17.8 10.0

41.2 -14.2 7.0 1.8 1.2 -21.2 -10.2 0.0 -10.2 -11.0 55.3 48.7 6.6

188.0 47.7 -3.2 -0.6 -1.6 51.0 14.1 14.7 -0.7 36.9 140.2 114.3 26.0

174.3 -138.6 0.6 2.7 0.0 -139.2 57.8 15.6 42.1 -196.9 312.9 273.1 39.8

1,194.9 893.6 1.7 0.9 0.0 891.8 100.2 46.5 53.7 791.6 301.3 294.2 7.1

506.9 204.4 1.8 1.4 -0.1 202.6 130.1 86.9 43.3 72.4 302.5 267.8 34.7

727.6 379.3 -1.2 2.4 -0.1 380.5 101.2 54.8 46.4 279.3 348.4 319.7 28.7

652.7 334.0 3.3 1.7 -0.1 330.7 172.3 84.4 87.9 158.4 318.7 267.9 50.8

45.2 -232.2 -5.5 3.3 0.0 -226.7 109.9 71.6 38.3 -336.6 277.4 273.5 3.8

1,703.9 533.2 503.4 31.7 12.6 275.5

3,071.2 1,299.7 1,197.9 73.7 28.8 1,003.8

7,792.8 2,551.8 2,341.7 206.5 56.9 3,315.6

9,456.3 3,115.8 2,998.1 256.9 62.7 3,708.8

10,599.2 3,341.8 3,172.2 232.8 67.2 3,871.9

11,621.4 3,559.6 3,458.3 268.7 73.8 4,344.3

12,540.3 3,813.0 3,564.3 64.6 88.7 4,352.2

12,964.9 3,638.9 3,312.8 55.6 106.4 3,808.8

93.2 29.2 13.6 12.3 13.2 55.4

49.5 20.9 6.6 30.8 10.0 156.1

31.5 10.3 4.4 19.4 10.8 412.9

54.0 17.8 4.1 56.3 5.3 220.4

57.0 18.0 4.3 53.5 4.8 203.3

63.5 19.5 4.4 57.4 4.1 192.1

68.5 20.8 4.5 55.8 3.6 166.6

62.5 17.5 6.4 49.3 4.3 167.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

28


EUROPE AND CENTRAL ASIA

(US$ billion, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

350.1 260.4 194.6 114.0 34.2 80.6 45.1 65.8 3.3 55.5 8.5

611.6 471.7 197.7 85.8 32.7 111.9 66.0 274.1 25.6 107.2 4.1

1,260.7 968.9 360.5 108.1 62.3 252.4 88.2 608.4 34.0 229.6 2.3

1,422.1 1,110.8 403.9 114.1 61.1 289.8 102.0 706.9 41.0 250.2 0.7

1,525.9 1,190.5 440.9 117.0 53.1 323.9 142.3 749.5 45.9 282.4 2.5

1,703.9 1,350.1 534.0 124.2 37.2 409.7 172.3 816.1 64.5 316.6 0.9

1,573.7 1,274.1 500.3 124.3 28.1 376.0 168.5 773.8 64.9 271.6 3.5

1,449.0 1,202.2 466.6 121.6 29.9 344.9 164.8 735.6 55.9 216.9 3.8

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

35.6 20.7 6.7 14.0 7.5 14.8 0.5

140.0 26.6 5.1 21.5 8.3 113.4 14.1

234.8 88.0 22.6 65.4 23.3 146.8 2.8

260.9 63.1 17.1 46.0 22.6 197.8 15.2

282.1 66.1 12.1 54.0 43.8 216.0 12.0

300.7 113.6 17.0 96.6 43.2 187.1 24.5

184.9 44.5 18.1 26.4 23.7 140.4 17.3

146.3 52.1 14.8 37.3 29.7 94.2 6.9

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

25.2 12.3 5.7 6.7 2.2 12.9 0.9

80.6 38.2 23.6 14.6 10.2 42.4 2.0

175.8 42.5 6.0 36.5 10.0 133.3 2.9

155.0 36.1 9.8 26.3 8.8 118.9 4.4

148.3 29.2 9.5 19.7 3.5 119.1 9.1

176.8 39.0 10.7 28.3 13.8 137.8 8.8

186.2 61.0 8.6 52.5 23.4 125.2 11.3

193.4 74.7 10.1 64.5 31.3 118.7 15.7

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

11.9 8.3 2.9 5.4 3.6 3.5 0.3

18.8 11.5 4.0 7.5 5.6 7.3 1.9

34.1 8.8 1.9 6.9 4.8 25.3 2.2

40.4 11.1 2.5 8.6 6.5 29.3 2.3

40.8 11.8 2.7 9.1 6.8 29.0 2.2

40.3 12.4 2.4 10.0 8.3 27.9 2.6

44.2 13.7 2.6 11.2 9.1 30.4 3.6

40.7 12.9 2.3 10.6 8.8 27.8 4.4

Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term

26.3 18.3 0.6 1.9 -0.5 17.8 9.2 4.9 4.3 8.5

120.6 69.4 -28.2 -0.6 -9.8 97.7 77.8 10.2 67.5 19.9

177.0 111.9 25.6 3.3 9.0 86.4 42.4 13.1 29.3 44.0

202.9 127.1 6.4 2.3 -1.0 120.7 98.5 24.6 73.9 22.2

229.7 156.0 -5.5 1.6 -8.0 161.5 131.2 43.2 88.0 30.3

211.4 144.0 -9.5 1.7 -15.8 153.5 117.7 45.2 72.5 35.8

-3.5 -56.2 2.3 2.7 -7.3 -58.4 -10.8 6.3 -17.2 -47.6

-51.3 -99.0 7.8 1.9 3.1 -106.7 -51.8 -10.4 -41.4 -54.9

Net equity inflows Foreign direct investment Portfolio equity

7.9 7.1 0.9

51.1 44.7 6.5

65.1 66.0 -0.9

75.9 86.1 -10.3

73.7 65.7 8.0

67.5 71.9 -4.5

52.7 62.5 -9.8

47.7 55.1 -7.4

677.9 243.6 223.2 2.9 8.3 59.3

1,627.8 580.2 550.8 31.8 18.0 295.3

2,968.7 988.8 998.7 81.2 37.3 682.2

3,644.5 1,260.5 1,267.5 107.8 43.8 695.9

3,813.7 1,312.8 1,326.6 112.0 46.4 741.8

3,987.5 1,323.6 1,388.7 117.4 54.6 737.9

3,747.1 1,290.2 1,292.6 106.3 51.6 581.8

2,818.4 982.3 978.2 67.9 37.3 540.6

143.7 51.6 19.0 15.9 8.1 16.9

105.4 37.6 20.2 17.5 6.1 48.3

127.5 42.5 22.0 18.2 5.9 54.1

112.8 39.0 16.2 17.6 5.7 48.9

116.2 40.0 15.5 18.5 5.7 48.6

128.7 42.7 18.2 18.6 5.6 43.3

122.0 42.0 19.3 17.3 5.9 37.0

147.5 51.4 24.8 15.0 6.2 37.3

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

29


LATIN AMERICA AND THE CARIBBEAN

(US$ billion, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

725.3 611.9 396.4 137.3 11.1 259.1 222.9 215.5 53.7 102.4 1.7

703.8 577.0 412.0 131.1 13.4 280.9 240.9 165.0 67.9 113.4 9.1

1,098.0 870.6 475.0 166.8 23.6 308.2 266.5 395.6 142.0 203.8 5.8

1,253.9 1,023.5 503.1 170.3 23.8 332.8 290.6 520.3 153.8 206.7 6.4

1,387.9 1,136.2 567.3 182.0 23.7 385.4 328.5 568.9 160.6 228.0 6.6

1,534.9 1,249.4 626.2 189.5 23.5 436.7 349.3 623.2 188.5 262.0 6.8

1,688.3 1,383.1 716.0 200.5 21.5 515.6 391.1 667.1 199.2 283.7 5.8

1,695.7 1,399.2 744.1 201.4 20.2 542.7 408.2 655.1 177.1 276.2 5.9

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

110.5 57.3 15.8 41.4 34.5 53.3 7.6

93.1 55.8 12.3 43.5 37.4 37.2 15.3

188.9 87.4 35.1 52.3 39.4 101.5 47.4

229.2 73.4 22.9 50.5 40.1 155.8 55.1

230.6 95.1 24.7 70.5 48.8 135.4 49.4

265.0 110.8 25.0 85.8 39.3 154.2 59.1

269.9 129.6 26.0 103.6 63.4 140.3 34.5

226.1 93.3 22.8 70.5 44.3 132.7 28.6

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

96.9 42.1 16.5 25.6 17.2 54.8 8.8

76.8 41.2 16.0 25.2 17.9 35.6 10.4

93.5 40.4 13.8 26.6 18.7 53.1 7.3

116.0 45.2 18.3 26.9 16.8 70.8 6.6

118.5 29.5 12.4 17.1 9.0 89.0 14.9

135.7 45.3 16.0 29.2 14.9 90.4 14.9

128.2 34.6 13.4 21.2 15.4 93.6 20.6

161.8 54.2 16.5 37.7 18.2 107.6 26.2

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

46.2 29.9 8.3 21.6 18.3 16.3 4.7

32.6 24.4 5.4 18.9 17.3 8.3 4.2

40.6 22.7 4.5 18.2 16.9 17.9 7.9

47.2 24.7 4.7 20.0 18.6 22.5 10.3

69.3 46.5 4.7 41.8 40.1 22.9 7.7

56.2 29.3 5.0 24.3 22.1 26.9 11.3

58.1 32.5 5.2 27.3 24.4 25.6 10.4

63.1 38.1 5.2 32.8 29.2 25.0 9.4

Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term

59.0 -2.0 -11.4 2.0 -10.7 9.4 14.3 16.1 -1.8 -5.0

80.7 9.4 -31.1 -0.6 -27.4 40.5 20.0 24.4 -4.4 20.5

320.9 153.8 22.6 8.3 1.3 131.2 74.1 60.8 13.3 57.1

263.8 115.7 4.9 -2.9 0.2 110.8 108.6 71.7 36.8 2.2

285.3 133.1 12.1 3.6 -0.1 121.0 99.8 74.3 25.5 21.2

292.4 162.8 8.7 3.2 -0.2 154.1 120.3 68.6 51.7 33.8

304.7 163.7 12.0 3.0 -0.6 151.7 129.1 61.9 67.2 22.7

192.7 56.3 5.9 3.3 -0.4 50.4 58.0 28.5 29.5 -7.6

Net equity inflows Foreign direct investment Portfolio equity

61.0 61.2 -0.1

71.3 60.6 10.6

167.1 127.7 39.4

148.1 145.1 2.9

152.1 133.7 18.5

129.5 115.5 14.0

141.0 120.1 20.8

136.4 120.8 15.7

1,976.0 406.3 473.8 19.7 19.6 136.0

2,455.2 601.6 624.1 43.4 48.7 228.0

4,777.4 936.1 1,096.2 118.8 56.5 584.1

5,427.5 1,153.1 1,325.0 133.5 60.0 672.1

5,412.7 1,170.0 1,353.7 110.0 60.4 728.1

5,490.7 1,170.5 1,382.4 97.2 61.8 730.0

5,552.7 1,148.0 1,392.2 101.3 64.1 757.2

4,692.7 1,000.8 1,238.5 81.7 68.3 722.8

178.5 36.7 40.5 14.1 12.5 18.7

117.0 28.7 24.0 16.1 14.3 32.4

117.3 23.0 14.9 18.6 11.7 53.2

108.7 23.1 14.6 16.5 10.3 53.6

118.6 25.6 16.6 16.4 9.8 52.5

131.1 28.0 17.1 17.1 9.2 47.6

147.1 30.4 17.0 16.8 8.7 44.8

169.4 36.1 23.3 16.3 9.1 42.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

30


MIDDLE EAST AND NORTH AFRICA

(US$ billion, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

143.7 116.5 112.5 88.2 3.5 24.4 7.3 4.0 0.8 23.7 2.6

150.5 122.8 116.0 77.8 1.6 38.2 22.1 6.8 1.0 26.2 0.3

168.1 122.0 114.3 78.2 8.3 36.1 26.8 7.8 0.5 37.7 0.3

165.8 120.6 112.6 78.6 8.2 34.0 25.9 8.0 0.5 37.0 0.4

172.9 130.4 121.3 82.5 8.6 38.8 31.5 9.1 0.7 33.8 0.5

190.9 148.5 138.6 92.3 9.5 46.4 39.1 9.9 0.7 32.9 0.6

189.4 142.8 133.2 86.8 10.2 46.4 39.1 9.6 0.7 36.4 0.6

197.5 149.9 140.0 90.2 10.7 49.8 41.7 9.9 0.7 36.8 0.6

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9.2 7.9 3.4 4.5 2.0 1.3 0.1

14.9 13.0 5.5 7.4 4.1 1.9 0.5

14.8 13.5 7.2 6.2 5.5 1.4 0.0

13.5 12.1 7.6 4.5 4.0 1.5 0.0

21.8 18.9 10.4 8.5 8.3 2.9 0.5

29.3 25.8 15.8 10.0 9.5 3.5 0.0

16.9 14.5 7.8 6.7 4.9 2.4 0.0

26.5 23.8 14.9 9.0 6.8 2.7 0.0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

10.6 10.4 5.9 4.5 0.8 0.2 0.1

14.2 13.3 7.9 5.5 1.9 0.8 0.3

12.2 10.3 6.0 4.4 2.2 1.8 0.2

14.2 12.8 6.5 6.3 4.8 1.3 0.0

11.6 9.6 6.2 3.4 2.6 2.0 0.3

11.9 9.0 6.4 2.6 1.7 2.9 0.0

14.3 12.3 7.1 5.2 4.5 2.0 0.0

13.7 12.1 7.2 4.9 4.0 1.6 0.0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4.9 4.7 3.1 1.6 0.5 0.2 0.1

4.8 4.5 2.5 2.0 1.4 0.3 0.1

4.3 4.0 2.1 1.9 1.6 0.3 0.1

4.2 4.0 1.9 2.0 1.8 0.2 0.0

4.0 3.7 1.9 1.9 1.7 0.2 0.0

4.2 4.0 1.8 2.1 1.9 0.3 0.0

4.2 4.1 1.7 2.4 2.2 0.1 0.0

4.3 4.1 1.6 2.5 2.3 0.2 0.0

Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term

4.6 0.6 -2.7 -0.3 -0.2 3.3 1.1 1.3 -0.2 2.2

18.6 0.3 -3.1 0.0 -0.7 3.4 3.1 2.5 0.5 0.3

32.1 7.6 1.3 0.8 0.0 6.3 1.4 3.2 -1.8 4.9

12.8 -1.4 1.0 0.9 -0.1 -2.3 -1.6 -0.8 -0.8 -0.7

26.9 7.4 4.7 0.8 0.5 2.7 6.0 5.8 0.2 -3.3

35.1 17.2 10.2 1.1 0.9 7.0 8.0 7.8 0.2 -1.0

23.8 7.6 2.2 0.9 1.5 5.3 1.9 0.5 1.4 3.4

28.1 14.0 8.5 1.9 0.9 5.5 5.1 2.8 2.3 0.4

Net equity inflows Foreign direct investment Portfolio equity

4.0 3.7 0.3

18.3 15.9 2.4

24.5 22.6 2.0

14.2 14.8 -0.6

19.5 20.7 -1.2

17.9 18.0 -0.1

16.3 15.6 0.6

14.1 14.4 -0.4

376.5 116.9 108.4 1.7 10.5 44.0

580.4 206.9 206.7 10.7 21.7 138.2

1,130.3 328.7 362.2 17.5 36.0 298.8

1,331.9 382.6 400.9 18.1 38.2 274.4

1,383.1 411.5 420.2 19.0 44.6 279.1

1,329.9 349.9 410.5 20.1 46.0 289.5

1,264.4 345.5 424.7 20.3 49.7 273.8

1,208.6 284.3 382.0 14.6 46.2 0.0

122.9 38.2 14.5 16.5 16.1 30.6

72.8 25.9 10.2 17.4 17.3 91.8

51.1 14.9 5.2 22.4 21.6 177.8

43.3 12.4 5.0 22.3 23.1 165.5

42.0 12.5 4.0 19.6 23.7 161.4

54.6 14.4 4.8 17.2 23.4 151.6

54.8 15.0 5.5 19.2 22.6 144.5

69.5 16.3 6.6 18.7 21.7 0.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

31


SOUTH ASIA

(US$ billion, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

162.3 153.1 134.5 101.8 3.2 32.7 10.9 18.5 1.6 6.0 0.1

189.2 174.0 116.0 109.2 3.7 6.8 2.5 58.0 6.5 11.6 0.0

411.1 324.3 188.9 156.0 20.3 32.8 18.3 135.4 13.5 66.5 0.1

461.4 352.9 201.5 163.3 20.3 38.1 21.1 151.4 11.1 88.2 0.2

528.0 403.1 232.2 165.4 18.8 66.8 29.6 170.9 8.1 106.1 0.2

569.7 444.5 236.7 166.4 16.0 70.3 28.7 207.8 8.4 109.2 0.1

607.2 489.3 268.6 164.1 14.6 104.5 62.4 220.8 8.5 103.3 0.3

637.1 521.3 286.6 164.9 15.2 121.8 73.2 234.6 10.1 100.6 0.2

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

14.0 13.4 6.1 7.3 5.5 0.6 0.0

24.3 10.9 7.3 3.6 2.3 13.5 3.5

53.8 30.7 13.5 17.2 12.1 23.1 1.3

51.4 20.7 12.4 8.2 3.0 30.8 0.7

63.7 28.7 12.8 15.9 9.0 35.0 0.7

85.3 25.7 14.9 10.7 3.3 59.6 1.3

152.3 62.4 15.8 46.7 33.9 89.9 3.0

80.6 39.4 13.6 25.8 11.4 41.2 2.8

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9.0 8.3 5.1 3.3 0.1 0.7 0.0

21.8 14.5 4.5 10.0 8.6 7.3 0.1

23.8 8.9 6.0 2.8 0.7 15.0 2.5

26.1 10.2 7.1 3.1 0.2 15.9 2.8

25.5 10.1 6.9 3.2 0.5 15.4 3.7

34.8 14.8 7.9 7.0 4.2 20.0 1.1

90.0 20.2 8.1 12.1 0.2 69.8 2.3

42.9 16.7 8.4 8.3 0.5 26.2 0.9

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5.3 4.4 2.3 2.1 0.2 0.9 0.2

5.2 3.9 1.9 2.0 1.8 1.3 0.2

6.4 2.7 2.0 0.7 0.2 3.7 0.5

7.8 2.7 2.1 0.6 0.3 5.1 0.9

9.5 3.0 2.1 0.8 0.4 6.5 0.5

10.5 3.0 2.0 1.0 0.5 7.5 0.5

13.0 3.5 1.9 1.6 0.7 9.5 0.4

12.0 3.8 1.9 1.8 0.9 8.2 0.4

Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term

10.6 3.8 0.8 1.0 -0.3 3.0 3.9 5.4 -1.5 -0.9

27.3 4.2 2.8 2.3 0.0 1.4 -0.3 -2.8 2.6 1.7

104.8 44.1 9.4 3.3 2.0 34.7 22.5 10.1 12.4 12.2

80.6 47.0 5.4 2.0 0.0 41.6 20.0 0.7 19.2 21.6

104.0 54.5 4.3 0.9 -1.5 50.2 32.3 5.5 26.9 17.8

102.6 51.0 4.3 0.7 -2.8 46.7 43.4 -0.6 44.0 3.3

106.1 55.7 7.2 2.4 -0.5 48.6 54.6 34.4 20.3 -6.1

83.2 36.4 6.5 2.4 1.3 29.9 32.5 12.7 19.8 -2.6

Net equity inflows Foreign direct investment Portfolio equity

6.9 4.4 2.5

23.1 10.7 12.4

60.7 30.9 29.8

33.6 37.8 -4.1

49.5 26.1 23.4

51.6 31.1 20.5

50.3 36.6 13.7

46.8 44.5 2.3

624.7 88.8 117.5 0.7 17.2 43.3

1,053.0 202.5 260.7 8.0 34.2 149.5

2,091.0 427.0 570.9 25.7 82.0 315.4

2,267.6 538.8 711.8 27.9 96.4 310.6

2,296.2 534.8 747.5 21.1 108.0 310.8

2,362.9 564.9 736.0 18.7 110.8 318.9

2,583.4 588.3 742.1 20.5 115.8 358.9

2,669.9 532.4 676.9 20.5 117.7 401.6

182.8 26.0 17.2 3.7 37.6 26.7

93.4 18.0 13.7 6.1 36.5 79.0

96.3 19.7 7.4 16.2 24.4 76.7

85.6 20.3 6.6 19.1 22.6 67.3

98.7 23.0 7.3 20.1 20.2 58.9

100.9 24.1 9.0 19.2 18.8 56.0

103.2 23.5 18.1 17.0 17.5 59.1

119.7 23.9 10.8 15.8 16.7 63.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

32


SUB-SAHARAN AFRICA

(US$ billion, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

212.8 172.9 162.2 135.9 8.7 26.3 9.1 10.7 1.4 31.2 13.6

234.7 192.5 174.9 135.6 8.1 39.4 16.0 17.6 3.2 34.0 14.3

282.9 220.0 159.5 106.4 19.5 53.1 34.7 60.5 8.8 43.4 11.3

312.7 250.8 177.3 115.4 20.7 61.9 41.7 73.5 13.1 41.1 9.1

352.6 280.0 200.3 118.7 21.6 81.6 58.0 79.7 15.0 51.0 9.6

377.6 302.8 222.8 133.4 21.9 89.4 59.5 79.9 14.4 52.9 10.1

400.1 327.9 244.5 144.5 20.4 100.0 66.7 83.4 15.2 51.9 9.5

416.3 342.0 260.8 151.9 19.4 108.9 72.5 81.2 15.8 54.9 9.6

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

10.4 7.5 4.1 3.4 0.8 2.9 0.7

15.0 12.7 6.3 6.4 0.0 2.4 0.0

25.3 20.4 15.6 4.8 2.0 4.9 1.1

38.6 24.9 15.8 9.1 4.5 13.7 4.4

36.5 25.8 14.9 10.9 4.3 10.7 3.2

51.1 36.6 19.8 16.8 7.3 14.6 4.8

59.8 41.6 23.5 18.2 8.4 18.2 3.8

53.4 32.8 19.8 13.0 6.0 20.6 2.6

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

8.6 7.2 3.5 3.8 0.5 1.4 0.0

12.2 11.8 6.6 5.2 1.1 0.4 0.0

10.5 6.9 3.0 3.9 0.0 3.6 0.8

14.0 7.7 3.8 3.9 0.1 6.3 0.0

17.2 9.6 4.0 5.7 1.8 7.6 1.3

21.8 14.4 4.7 9.7 5.9 7.4 2.1

21.7 11.4 5.0 6.4 1.1 10.3 2.1

16.3 8.7 5.2 3.5 0.0 7.6 0.3

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3.3 2.9 1.8 1.1 0.6 0.4 0.0

7.8 7.4 5.9 1.5 0.9 0.4 0.2

3.8 3.0 1.1 1.9 1.7 0.8 0.5

4.8 3.6 1.2 2.4 2.1 1.2 0.7

6.3 4.8 1.6 3.2 2.7 1.5 0.8

6.9 5.6 1.9 3.6 2.8 1.3 0.7

7.9 6.0 2.1 3.9 2.9 1.9 1.1

9.3 7.0 2.4 4.6 3.6 2.2 1.1

Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term

8.9 -1.3 0.7 1.5 0.1 -2.0 1.2 1.0 0.2 -3.2

31.6 6.5 -0.7 2.4 -0.4 7.2 3.1 -1.1 4.2 4.1

42.8 16.2 13.8 4.0 1.2 2.4 2.1 2.3 -0.1 0.3

60.8 25.9 13.3 3.2 1.4 12.6 12.7 8.7 3.9 -0.1

70.7 29.6 11.8 3.9 0.9 17.8 8.4 4.4 4.0 9.4

72.2 30.9 15.3 5.0 0.2 15.6 14.3 4.1 10.1 1.4

75.5 37.5 18.2 6.2 -0.3 19.3 19.7 9.1 10.6 -0.4

81.5 40.0 14.5 6.5 -0.1 25.5 22.6 8.3 14.3 2.9

Net equity inflows Foreign direct investment Portfolio equity

10.2 6.0 4.2

25.1 16.9 8.2

26.7 18.5 8.1

34.9 38.1 -3.1

41.1 35.4 5.6

41.2 34.5 6.7

38.0 33.4 4.6

41.5 34.7 6.8

339.3 114.3 115.2 8.0 4.8 34.2

625.2 239.4 236.1 17.0 20.1 79.8

1,260.7 403.1 448.5 46.7 31.2 154.1

1,416.7 486.6 542.1 50.5 35.7 170.1

1,489.5 478.8 549.5 49.1 36.2 191.2

1,566.7 488.4 571.8 56.6 36.3 192.8

1,649.3 460.8 570.1 48.7 36.9 174.0

1,487.0 358.9 484.5 32.4 39.8 153.3

186.2 62.7 11.9 14.7 25.6 16.1

98.0 37.5 9.0 14.5 30.9 34.0

70.2 22.4 3.8 15.3 20.7 54.5

64.2 22.1 4.0 13.1 20.1 54.4

73.6 23.7 5.2 14.5 18.9 54.2

77.3 24.1 6.2 14.0 19.6 51.1

86.8 24.3 6.8 13.0 19.7 43.5

116.0 28.0 7.7 13.2 19.9 36.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

33


AFGHANISTAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

.. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. ..

2,425 1,966 1,966 1,966 355 0 0 .. .. 104 67

2,617 2,023 2,023 2,023 373 0 0 .. .. 222 210

2,719 2,071 2,071 2,071 388 0 0 .. .. 261 219

2,577 2,097 2,097 2,097 376 0 0 .. .. 104 85

2,580 1,999 1,999 1,999 335 0 0 .. .. 246 195

2,489 1,959 1,959 1,959 300 0 0 .. .. 229 188

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

76 76 76 0 0 .. ..

62 62 62 0 0 .. ..

52 52 52 0 0 .. ..

37 37 37 0 0 .. ..

32 32 32 0 0 .. ..

26 26 26 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

1 1 1 0 0 .. ..

1 1 1 0 0 .. ..

2 2 2 0 0 .. ..

4 4 4 0 0 .. ..

8 8 8 0 0 .. ..

13 13 13 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

7 7 7 0 0 .. ..

9 9 9 0 0 .. ..

8 8 8 0 0 .. ..

8 8 8 0 0 .. ..

9 9 9 0 0 .. ..

9 9 9 0 0 .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

174 121 84 8 9 37 .. .. .. 37 54 54 0

113 55 80 8 19 -25 .. .. .. -25 58 58 0

159 95 65 9 15 30 .. .. .. 30 64 62 2

36 -3 20 4 -13 -23 .. .. .. -23 40 40 0

85 37 4 -2 -19 33 .. .. .. 33 49 49 ..

151 -18 -8 -3 -20 -10 .. .. .. -10 169 169 ..

.. .. .. .. .. ..

.. .. .. .. .. ..

15,999 2,681 6,198 0 342 4,174

18,013 3,337 7,928 0 185 5,268

21,572 2,162 10,366 1 252 5,983

21,517 1,741 9,651 0 314 6,442

20,722 2,094 8,733 0 268 6,681

19,786 1,513 8,661 0 301 6,232

.. .. .. .. .. ..

.. .. .. .. .. ..

90.5 15.2 0.4 4.3 41.9 172.1

78.4 14.5 0.3 8.5 41.0 201.3

125.8 12.6 0.7 9.6 41.2 220.0

148.0 12.0 1.4 4.0 44.5 250.0

123.2 12.5 1.8 9.6 42.1 258.9

164.4 12.6 2.9 9.2 41.4 250.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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 HIPC and MDRI debt relief.

34


ALBANIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,122 937 921 895 148 26 0 16 .. 37 3

2,104 1,791 1,377 1,350 158 28 0 413 .. 155 1

5,376 4,504 3,219 2,177 129 1,041 477 1,285 .. 743 0

6,314 5,105 3,373 2,315 117 1,058 556 1,732 .. 1,092 0

7,160 5,583 3,556 2,543 107 1,013 567 2,027 .. 1,470 0

8,806 6,706 3,763 2,696 97 1,067 593 2,943 .. 2,003 0

8,399 6,373 3,668 2,747 151 921 522 2,705 .. 1,875 0

8,269 6,268 3,660 2,677 244 983 631 2,607 .. 1,758 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

119 119 119 0 0 0 ..

490 120 119 0 0 370 ..

820 631 198 433 398 189 ..

755 418 274 144 101 336 ..

683 336 315 21 0 347 ..

751 260 251 9 0 491 ..

723 439 424 14 0 285 ..

1,181 795 273 523 499 385 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9 9 8 1 0 0 ..

53 40 39 1 0 13 ..

250 174 87 87 0 76 ..

302 191 99 91 0 112 ..

350 190 106 84 0 160 ..

348 126 124 2 0 222 ..

490 176 143 33 0 314 ..

831 531 169 363 333 299 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

8 7 7 0 0 1 ..

36 23 23 0 0 12 ..

109 66 32 35 1 43 ..

164 106 36 70 32 59 ..

178 101 37 64 30 77 ..

193 72 36 36 31 120 ..

181 77 43 34 29 104 ..

73 70 42 29 25 3 ..

273 130 122 64 12 7 -1 .. -1 8 143 143 ..

856 594 83 30 3 511 357 .. 357 154 262 262 ..

1,679 620 99 18 -12 521 459 398 61 63 1,058 1,052 7

1,626 789 163 40 -12 627 278 101 177 349 837 813 23

1,433 700 199 22 -10 501 123 0 123 378 732 714 18

1,774 926 116 0 -10 810 277 0 277 533 848 846 2

1,134 168 344 227 63 -176 -48 0 -48 -128 966 932 34

1,275 333 205 -3 100 128 246 166 79 -117 942 879 63

3,739 670 1,360 0 598 616

8,322 1,687 3,553 2 1,290 1,404

11,808 3,704 6,280 381 1,156 2,470

12,855 4,078 7,010 140 1,126 2,394

12,228 3,800 6,189 169 1,027 2,516

12,809 3,859 6,158 29 1,094 2,712

13,120 3,900 6,562 192 1,142 2,604

11,290 3,277 5,351 170 1,047 3,085

167.4 30.0 4.5 3.3 38.0 54.9

124.7 25.3 6.2 7.4 41.3 66.7

145.1 45.5 10.3 13.8 28.3 45.9

154.8 49.1 11.8 17.3 26.4 37.9

188.4 58.6 14.2 20.5 26.1 35.1

228.2 68.7 14.3 22.7 22.8 30.8

215.3 64.0 17.5 22.3 24.9 31.0

252.4 73.2 27.9 21.3 24.6 37.3

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

35


ALGERIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

25,477 23,369 23,369 17,518 1,886 5,851 0 .. .. 222 0

17,092 16,393 15,527 12,500 184 3,027 0 866 .. 516 0

7,260 3,637 2,669 1,903 1,845 766 0 968 .. 1,778 0

6,065 3,084 2,266 1,663 1,840 603 0 818 .. 1,142 0

5,516 2,469 1,647 1,218 1,842 429 0 822 .. 1,205 0

5,246 2,072 1,452 1,131 1,845 321 0 620 .. 1,328 0

5,521 1,810 1,125 895 1,736 230 0 685 .. 1,975 0

4,677 1,194 870 708 1,660 162 0 323 .. 1,823 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,219 1,219 799 420 0 .. ..

1,240 777 446 331 0 463 ..

43 41 40 1 0 2 ..

36 36 32 4 0 0 ..

29 28 28 0 0 0 ..

22 22 22 0 0 .. ..

43 4 4 0 0 39 ..

58 0 0 0 0 58 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,721 2,721 1,055 1,666 0 .. ..

4,448 4,219 3,014 1,205 0 229 ..

557 324 167 157 0 234 ..

536 415 255 160 0 121 ..

742 589 488 101 0 153 ..

466 263 146 117 0 203 ..

231 207 135 71 0 24 ..

582 167 111 56 0 415 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,552 1,552 1,132 421 0 .. ..

889 864 719 145 0 25 ..

95 64 35 29 0 31 ..

80 58 32 26 0 22 ..

103 85 67 18 0 18 ..

51 38 20 18 0 13 ..

37 27 16 11 0 9 ..

79 21 13 8 0 59 ..

-1,288 -1,568 -349 -114 -93 -1,219 -1,246 .. -1,246 27 280 280 ..

-2,578 -3,734 -3,180 -125 -612 -555 -640 .. -640 85 1,156 1,156 ..

2,087 -229 -127 -1 0 -101 -387 .. -387 286 2,315 2,315 ..

1,493 -1,136 -222 -1 0 -914 -277 .. -277 -637 2,628 2,628 ..

916 -650 -460 -1 0 -190 -253 .. -253 63 1,565 1,565 ..

1,399 -321 -124 -5 0 -197 -320 .. -320 123 1,720 1,720 ..

1,926 459 -131 0 0 590 -57 .. -57 647 1,467 1,467 ..

-932 -676 -111 0 0 -565 -413 .. -413 -152 -256 -256 ..

52,080 .. .. .. 790 12,024

98,611 50,268 31,155 5,485 170 56,303

160,996 65,168 55,612 4,858 197 162,614

198,125 80,831 65,944 6,313 203 182,822

206,733 79,095 70,161 7,453 215 191,297

205,788 72,135 73,738 8,005 210 194,712

208,831 66,575 79,302 8,010 304 179,618

162,254 39,943 69,719 6,364 275 144,677

.. 48.9 .. 0.9 16.2 47.2

34.0 17.3 11.9 3.0 14.3 329.4

11.1 4.5 1.0 24.5 0.1 2,239.8

7.5 3.1 0.8 18.8 0.1 3,014.5

7.0 2.7 1.1 21.8 0.1 3,468.3

7.3 2.5 0.7 25.3 0.0 3,711.9

8.3 2.6 0.4 35.8 0.0 3,253.2

11.7 2.9 1.7 39.0 0.0 3,093.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

36


ANGOLA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

9,763 8,085 8,085 2,703 356 5,382 0 .. .. 1,323 874

12,224 9,518 9,518 3,174 390 6,344 0 .. .. 2,316 577

16,949 15,466 15,466 8,161 1,302 7,305 0 .. .. 181 68

19,298 17,525 17,525 9,687 1,606 7,837 10 .. .. 168 62

21,106 19,203 19,203 9,615 1,740 9,588 1,000 .. .. 164 58

25,004 23,349 23,349 11,825 1,479 11,525 1,000 .. .. 176 70

28,903 27,826 27,826 13,726 914 14,101 1,000 .. .. 162 58

27,991 27,304 27,304 13,405 532 13,899 2,500 .. .. 155 51

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,045 1,045 34 1,011 0 .. ..

3,676 3,676 321 3,355 0 .. ..

3,951 3,951 3,658 293 0 .. ..

4,793 4,793 2,353 2,440 10 .. ..

5,215 5,215 1,103 4,112 1,051 .. ..

7,825 7,825 3,612 4,213 0 .. ..

9,647 9,647 3,664 5,983 0 .. ..

3,592 3,592 1,540 2,051 1,500 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,530 1,530 268 1,262 0 .. ..

2,289 2,289 505 1,784 0 .. ..

2,110 2,110 283 1,827 0 .. ..

2,681 2,681 820 1,862 0 .. ..

3,554 3,554 1,164 2,390 61 .. ..

3,723 3,723 1,380 2,344 0 .. ..

4,883 4,883 1,648 3,234 0 .. ..

3,964 3,964 1,826 2,138 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

149 149 36 113 0 .. ..

257 257 61 195 0 .. ..

176 176 114 63 0 .. ..

154 154 79 75 0 .. ..

640 640 321 319 1 .. ..

919 919 414 505 47 .. ..

1,020 1,020 444 576 70 .. ..

1,078 1,078 447 631 70 .. ..

145 -733 -234 24 0 -499 -251 .. -251 -248 879 879 ..

3,743 2,603 -185 25 0 2,788 1,572 .. 1,572 1,216 1,140 1,140 ..

3,296 -29 3,900 -1 524 -3,929 -1,534 .. -1,534 -2,395 3,326 3,326 ..

6,491 2,421 1,849 7 316 572 579 10 569 -7 4,070 4,070 ..

6,148 1,791 70 36 131 1,722 1,722 990 732 0 4,357 4,357 ..

8,024 3,840 1,970 47 -262 1,870 1,870 .. 1,870 0 4,184 4,184 ..

6,793 4,263 1,516 40 -500 2,747 2,748 .. 2,748 -2 2,530 2,530 ..

8,736 -717 -631 472 -345 -87 -87 1,500 -1,587 0 9,453 9,453 ..

7,449 8,222 7,454 929 .. 1,198

24,203 24,312 19,201 3,406 .. 3,197

74,384 51,586 43,642 7,526 18 19,749

94,419 68,252 53,805 9,040 0 28,786

102,815 72,133 56,518 9,722 0 33,415

112,444 70,381 59,909 9,331 11 32,780

114,067 61,497 63,033 7,850 31 28,130

89,886 34,604 44,043 4,292 11 23,791

118.7 131.1 20.9 13.5 3.0 12.3

50.3 50.5 10.8 18.9 3.0 26.2

32.9 22.8 4.5 1.1 2.6 116.5

28.3 20.4 4.2 0.9 2.4 149.2

29.3 20.5 5.8 0.8 2.3 158.3

35.5 22.2 7.0 0.7 2.2 131.1

47.0 25.3 10.4 0.6 4.0 97.3

80.9 31.1 15.6 0.6 5.7 85.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2009 is based on data from the BIS.

37


ARGENTINA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

150,063 116,267 90,358 20,822 5,470 69,536 69,009 25,909 11,138 28,325 10

130,788 85,780 59,419 20,564 9,968 38,856 38,347 26,361 8,772 35,041 7,935

126,641 107,117 69,183 23,109 3,111 46,074 44,342 37,934 7,855 16,413 4,878

139,509 110,662 68,163 23,804 3,101 44,359 42,949 42,499 9,129 25,746 5,528

136,543 108,186 67,243 23,700 3,105 43,543 42,174 40,943 6,536 25,252 5,712

146,569 106,766 66,230 24,505 3,111 41,725 40,471 40,536 6,579 36,692 6,001

144,972 113,712 73,008 28,989 2,927 44,019 43,386 40,703 7,199 28,334 4,950

159,694 113,113 72,246 28,175 2,799 44,072 43,606 40,867 8,516 43,781 5,151

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

18,794 14,312 1,971 12,341 12,339 4,482 1,408

4,727 3,219 993 2,227 2,227 1,507 540

6,922 2,622 2,455 167 90 4,300 2,037

10,777 2,614 2,588 26 0 8,163 1,320

7,620 2,330 2,124 206 171 5,290 211

10,877 3,895 2,935 960 948 6,982 375

19,636 13,961 6,253 7,708 7,090 5,675 200

15,124 8,259 2,274 5,985 5,985 6,865 258

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

11,689 6,185 1,871 4,314 4,097 5,503 2,309

3,491 1,724 1,501 224 222 1,766 680

11,690 6,035 1,923 4,111 3,824 5,655 969

12,076 5,365 1,907 3,457 3,124 6,712 26

9,785 3,478 2,085 1,393 1,307 6,307 785

11,761 4,768 1,946 2,821 2,676 6,994 999

9,743 4,736 2,720 2,015 1,918 5,008 ..

10,858 6,414 2,647 3,767 3,602 4,444 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9,936 7,896 1,600 6,295 6,154 2,041 1,109

2,170 1,454 756 698 697 716 585

3,789 2,700 614 2,086 2,023 1,089 567

3,394 2,456 571 1,884 1,832 938 717

3,234 2,327 534 1,793 1,750 907 757

3,194 2,363 604 1,759 1,719 831 725

6,469 5,073 1,006 4,067 4,033 1,396 705

5,997 5,068 933 4,135 4,110 930 312

12,923 6,820 915 481 815 5,905 7,005 7,340 -335 -1,100 6,103 9,331 -3,227

20,469 14,771 -4,079 -566 -3,571 18,850 1,744 1,864 -120 17,106 5,698 5,747 -48

5,452 -2,303 532 46 .. -2,835 -5,300 -2,667 -2,633 2,465 7,755 7,826 -71

15,415 7,383 681 211 .. 6,702 -1,980 -1,829 -151 8,683 8,032 8,240 -208

9,226 -2,843 39 68 .. -2,882 -2,204 -1,711 -492 -678 12,069 12,204 -135

21,212 10,266 989 491 .. 9,277 -1,873 -2,352 479 11,150 10,947 10,605 342

8,814 2,586 3,533 -71 .. -947 6,360 5,372 988 -7,306 6,228 6,010 218

29,348 19,512 -373 -141 .. 19,885 4,639 2,641 1,998 15,246 9,835 9,596 239

276,656 38,657 48,037 3,086 86 25,147

191,972 51,204 46,414 5,456 432 27,179

412,026 84,319 85,428 12,101 644 49,734

519,318 101,451 105,356 12,361 697 43,227

536,864 97,243 98,143 10,236 576 39,920

543,104 92,962 104,279 9,796 534 28,143

519,702 84,706 92,579 8,114 504 29,017

572,913 73,048 88,620 8,793 483 23,417

388.2 54.2 64.3 18.9 11.0 16.8

255.4 68.1 19.7 26.8 12.0 20.8

150.2 30.7 18.5 13.0 13.4 39.3

137.5 26.9 15.6 18.5 12.9 31.0

140.4 25.4 13.7 18.5 13.4 29.2

157.7 27.0 16.7 25.0 13.3 19.2

171.1 27.9 19.6 19.5 13.7 20.0

218.6 27.9 24.1 27.4 12.4 14.7

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data before 2008 are World Bank staff estimates. Long-term provincial debt data are World Bank staff estimates. Shortterm debt before 2010 is based on data from the BIS.

38


ARMENIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,010 675 675 658 290 17 0 .. .. 44 6

1,968 1,368 923 921 302 1 0 446 .. 298 0

6,304 4,772 2,557 2,556 876 1 0 2,216 .. 656 0

7,407 5,541 2,736 2,733 963 4 0 2,805 .. 904 0

7,637 5,884 2,956 2,942 911 14 0 2,928 .. 842 0

8,678 6,807 3,312 2,594 720 718 700 3,495 .. 1,150 0

8,551 7,073 3,376 2,658 570 718 700 3,698 .. 908 0

8,925 7,725 3,992 2,968 536 1,024 1,000 3,733 100 664 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

63 63 62 1 0 .. ..

168 50 50 0 0 117 ..

1,734 198 198 0 0 1,536 ..

1,490 206 203 2 0 1,285 ..

1,633 280 270 10 0 1,353 ..

2,817 937 234 703 700 1,880 ..

2,079 282 280 2 0 1,797 ..

2,055 971 474 497 488 1,084 100

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

15 15 13 2 0 .. ..

69 16 16 0 0 53 ..

857 24 24 0 0 833 ..

742 28 28 0 0 714 ..

854 30 30 0 0 824 ..

1,599 537 537 0 0 1,063 ..

1,077 41 41 0 0 1,035 ..

1,308 260 59 200 200 1,048 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9 9 9 0 0 .. ..

23 9 9 0 0 14 ..

60 35 35 0 0 25 ..

128 38 38 0 0 91 ..

128 43 43 0 0 84 ..

126 42 42 0 0 84 ..

176 71 29 42 42 105 ..

199 100 46 54 54 99 ..

112 21 34 54 -16 -13 -2 .. -2 -11 91 90 0

240 -38 10 31 -25 -48 64 .. 64 -112 279 278 0

1,535 1,167 337 73 163 829 703 .. 703 127 368 361 7

1,476 1,087 266 76 91 821 573 .. 573 248 389 386 3

1,257 665 188 132 -52 478 539 .. 539 -62 591 589 2

1,662 1,335 -494 112 -191 1,828 1,521 700 821 308 328 329 -2

979 647 125 96 -113 522 764 0 764 -242 332 332 1

646 494 406 93 -9 88 332 388 -56 -245 153 149 4

1,964 558 1,031 22 182 302

5,106 1,944 2,520 170 915 669

9,719 3,260 5,128 362 1,669 1,866

10,502 3,808 5,623 379 1,799 1,932

11,042 4,033 5,824 335 1,915 1,799

11,661 4,415 6,053 181 2,192 2,252

12,200 4,532 6,159 184 2,079 1,489

10,975 4,023 4,868 -33 1,491 1,775

181.0 51.4 9.1 4.4 48.0 29.9

101.3 38.5 7.3 15.1 41.1 34.0

193.4 64.9 29.7 10.4 24.0 29.6

194.5 70.5 24.6 12.2 22.2 26.1

189.4 69.2 29.1 11.0 24.4 23.6

196.5 74.4 46.4 13.3 23.6 25.9

188.7 70.1 31.7 10.6 25.2 17.4

221.9 81.3 38.7 7.4 27.6 19.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2011 are World Bank staff estimates based on reports provided by the country.

39


AZERBAIJAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,585 893 794 656 536 138 0 99 .. 156 0

2,247 1,678 1,491 1,216 383 274 0 187 .. 186 0

7,159 5,878 3,720 2,565 282 1,155 0 2,158 .. 999 0

7,289 6,933 4,317 3,145 265 1,171 0 2,616 .. 91 0

10,331 8,448 5,695 4,033 252 1,662 500 2,752 .. 1,631 0

10,065 8,218 6,075 4,192 242 1,884 500 2,142 .. 1,605 0

11,788 9,543 8,094 4,464 224 3,630 2,250 1,448 .. 2,021 0

13,215 11,352 8,505 4,715 213 3,790 2,250 2,847 .. 1,651 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

306 301 213 88 0 6 ..

432 307 72 236 0 124 ..

2,547 633 453 180 0 1,914 ..

1,941 878 698 180 0 1,063 ..

2,477 1,659 1,069 590 500 818 ..

1,327 1,073 741 333 0 253 ..

3,178 2,868 759 2,108 1,750 310 ..

3,556 1,144 646 497 0 2,412 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

22 14 12 2 0 7 ..

152 55 38 16 0 97 ..

321 249 112 136 0 72 ..

862 254 118 136 0 608 ..

927 243 128 114 0 684 ..

1,511 646 494 152 0 866 ..

1,491 499 257 242 0 992 ..

919 525 284 242 0 393 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

37 32 31 1 0 5 ..

27 20 16 4 0 7 ..

81 68 33 35 0 13 ..

948 77 42 35 0 871 ..

945 97 43 54 14 848 ..

930 104 52 52 27 826 ..

258 105 44 60 27 154 ..

161 105 52 53 27 56 ..

490 360 149 27 -51 211 84 .. 84 127 130 130 ..

4,775 299 4 46 -29 295 247 .. 247 48 4,476 4,476 ..

5,969 2,616 326 137 -15 2,290 1,886 .. 1,886 404 3,354 3,353 1

4,639 153 563 215 -17 -409 499 .. 499 -908 4,485 4,485 0

8,371 3,077 927 366 -13 2,150 610 500 110 1,540 5,293 5,293 0

2,429 -221 237 3 -10 -457 -431 0 -431 -26 2,649 2,619 30

6,540 2,099 498 314 -4 1,601 1,185 1,750 -565 416 4,441 4,430 10

6,338 2,266 361 204 -2 1,905 2,275 0 2,275 -370 4,072 4,048 24

4,987 2,174 2,415 317 57 680

11,599 8,341 8,658 1,582 623 1,178

49,436 28,910 14,379 3,815 1,410 6,409

61,092 38,058 21,586 5,488 1,893 10,274

63,181 37,837 22,811 4,906 1,990 11,277

69,440 36,941 24,650 4,507 1,733 14,401

72,617 34,231 23,974 3,359 1,846 14,647

51,241 21,288 21,733 2,275 1,270 6,291

72.9 31.8 6.4 9.9 20.4 42.9

26.9 19.4 2.9 8.3 28.0 52.4

24.8 14.5 1.5 14.0 24.5 89.5

19.2 11.9 4.8 1.2 29.4 141.0

27.3 16.4 5.1 15.8 27.5 109.2

27.2 14.5 6.7 15.9 29.8 143.1

34.4 16.2 5.2 17.1 28.3 124.3

62.1 25.8 5.2 12.5 27.3 47.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on the market data. Short-term debt is based on data from the BIS.

40


BANGLADESH

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

15,603 14,992 14,992 14,815 277 176 0 0 .. 334 0

18,506 17,441 17,441 17,265 376 176 0 0 .. 688 16

26,881 22,529 21,453 21,420 1,403 33 0 1,076 .. 2,949 2

27,277 23,901 22,447 22,425 1,271 22 0 1,454 .. 2,105 2

28,559 25,387 23,598 23,584 1,213 13 0 1,789 .. 1,959 2

33,997 28,765 26,574 26,563 1,496 12 0 2,191 .. 3,735 2

35,665 30,042 26,934 26,924 1,470 10 0 3,109 .. 4,153 2

38,640 30,394 27,101 27,092 1,613 8 0 3,294 .. 6,633 2

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

863 863 796 67 0 0 ..

880 880 880 0 0 0 ..

1,269 978 978 0 0 291 ..

1,529 1,078 1,078 0 0 451 ..

2,772 2,347 2,347 0 0 425 ..

5,019 4,530 4,530 0 0 489 ..

4,408 3,397 3,397 0 0 1,011 ..

2,520 2,269 2,269 0 0 251 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

489 489 467 22 0 0 ..

575 575 559 16 0 0 ..

816 741 730 11 0 75 ..

1,144 1,057 1,045 11 0 87 ..

1,084 995 986 9 0 89 ..

1,350 1,262 1,261 2 0 88 ..

1,385 1,291 1,290 2 0 93 ..

1,054 989 987 2 0 66 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

165 165 156 9 0 0 ..

199 199 197 2 0 0 ..

208 200 199 2 0 8 ..

273 259 258 1 0 15 ..

257 243 242 1 0 14 ..

262 249 249 1 0 13 ..

279 262 261 1 0 18 ..

242 212 212 0 0 30 ..

647 367 242 270 -87 125 46 .. 46 80 280 279 1

1,010 365 421 394 99 -56 -16 .. -16 -40 646 626 20

2,252 1,421 203 83 -45 1,219 205 .. 205 1,014 831 885 -54

382 -590 -98 93 -131 -492 352 .. 352 -844 972 922 50

2,701 1,483 1,302 434 -59 180 327 .. 327 -146 1,218 1,085 134

7,921 5,724 3,548 397 278 2,176 400 .. 400 1,776 2,197 1,935 262

6,122 3,507 2,173 524 65 1,334 916 .. 916 418 2,615 2,257 358

7,023 4,154 1,491 601 209 2,664 183 .. 183 2,480 2,869 2,986 -118

55,102 7,293 10,018 149 1,968 1,486

72,521 11,322 15,970 669 4,642 2,767

124,617 21,764 31,035 1,210 10,850 10,564

138,823 27,148 39,553 1,298 12,071 8,510

144,642 27,768 39,740 1,622 14,120 12,031

162,054 31,768 44,208 2,104 13,867 17,564

184,407 33,138 47,985 2,303 14,988 21,785

207,743 34,929 48,113 2,255 15,388 27,023

214.0 28.3 10.6 2.1 70.5 9.5

163.4 25.5 7.2 3.7 75.9 15.0

123.5 21.6 5.1 11.0 68.7 39.3

100.5 19.6 5.9 7.7 68.5 31.2

102.8 19.7 5.6 6.9 68.4 42.1

107.0 21.0 5.7 11.0 59.2 51.7

107.6 19.3 5.4 11.6 55.4 61.1

110.6 18.6 4.1 17.2 51.8 69.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2012 is based on data from the BIS. Long-term private nonguaranteed debt data from 2007 are World Bank staff estimates based on reports provided by the country and are not available prior to 2007.

41


BELARUS

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,620 787 689 400 594 289 0 98 .. 1,239 14

5,300 1,270 786 566 527 219 0 485 .. 3,503 1

28,412 12,486 8,014 5,729 4,063 2,286 1,019 4,471 .. 11,864 4

33,933 16,437 10,616 8,382 4,050 2,234 1,800 5,821 .. 13,446 4

33,756 18,532 12,559 7,303 3,588 5,256 1,800 5,973 .. 11,635 4

39,573 23,579 14,622 8,540 1,932 6,082 1,800 8,957 .. 14,062 4

40,014 26,573 15,628 10,114 613 5,514 1,800 10,945 .. 12,827 5

37,876 25,890 15,410 10,563 511 4,847 800 10,481 .. 11,474 5

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

249 143 25 118 0 106 ..

648 254 188 66 0 395 ..

3,810 2,679 1,580 1,099 1,000 1,132 ..

5,406 3,926 2,826 1,100 800 1,479 ..

3,542 2,223 1,050 1,173 0 1,320 ..

4,675 3,108 1,603 1,505 0 1,567 ..

5,273 3,693 3,044 650 0 1,580 ..

3,711 2,887 1,720 1,166 0 825 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

206 134 52 82 0 71 ..

511 177 94 83 0 333 ..

1,265 463 110 353 0 802 ..

2,347 1,318 170 1,149 19 1,029 ..

3,419 2,656 2,553 103 0 763 ..

1,938 1,064 379 685 0 874 ..

2,974 2,097 893 1,204 0 877 ..

4,034 2,806 985 1,822 1,000 1,228 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

39 38 18 19 0 1 ..

54 39 17 22 0 15 ..

208 128 114 14 4 80 ..

572 460 312 148 129 112 ..

851 730 431 298 159 121 ..

783 603 267 336 159 181 ..

884 691 312 379 159 193 ..

1,024 824 431 393 158 200 ..

27 -89 -83 -9 -56 -6 70 .. 70 -76 116 116 1

1,009 695 85 -9 -9 610 44 .. 44 566 314 314 1

7,348 6,000 2,138 36 668 3,861 1,075 1,000 75 2,786 1,348 1,348 1

8,413 4,640 2,657 26 .. 1,983 402 781 -379 1,582 3,773 3,773 0

-903 -2,150 -1,967 107 -464 -183 1,626 0 1,626 -1,810 1,247 1,251 -4

5,290 3,515 -423 132 -1,648 3,939 1,512 0 1,512 2,426 1,774 1,772 2

1,352 -199 888 37 -1,263 -1,087 148 0 148 -1,236 1,551 1,546 5

-313 -1,752 659 56 -77 -2,411 -1,058 -1,000 -58 -1,353 1,438 1,434 5

12,690 7,074 7,687 4 114 350

30,266 17,705 17,411 135 199 1,137

54,058 29,805 38,402 1,039 575 3,431

59,052 47,242 49,812 1,186 891 6,011

62,145 52,803 51,442 1,258 1,053 5,809

70,445 44,905 49,930 2,373 1,214 4,938

73,740 44,203 47,107 2,043 1,231 3,422

52,072 33,413 35,750 1,789 767 2,744

37.0 20.6 5.5 47.3 8.3 13.4

29.9 17.5 4.0 66.1 1.5 21.4

95.3 52.6 5.8 41.8 1.0 12.1

71.8 57.5 6.8 39.6 7.8 17.7

63.9 54.3 9.4 34.5 6.5 17.2

88.1 56.2 10.3 35.5 8.3 12.5

90.5 54.3 12.1 32.1 7.9 8.6

113.4 72.7 15.9 30.3 7.5 7.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2014 are World Bank staff estimates based on reports provided by the country.

42


BELIZE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

630 557 557 252 23 305 75 .. .. 50 0

1,022 989 989 402 26 588 482 .. .. 7 7

1,303 1,261 1,018 436 35 582 21 243 .. 7 7

1,274 1,232 1,014 435 35 578 21 218 .. 8 8

1,196 1,158 984 437 32 547 3 173 .. 6 6

1,248 1,214 1,052 526 28 527 527 162 .. 6 6

1,286 1,255 1,101 575 26 527 527 154 .. 5 5

1,330 1,298 1,153 627 25 527 527 145 .. 7 7

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

218 218 39 179 86 .. ..

213 213 48 165 143 .. ..

39 32 32 0 0 7 ..

53 36 36 0 0 18 ..

41 37 37 0 0 4 ..

166 164 123 41 41 2 ..

90 87 87 0 0 3 ..

96 95 95 0 0 1 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

41 41 20 22 11 .. ..

155 155 25 131 36 .. ..

69 49 45 4 0 20 ..

72 40 36 4 0 32 ..

103 54 35 18 18 49 ..

102 89 35 54 54 13 ..

47 37 37 0 0 10 ..

46 39 39 0 0 7 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

32 32 12 19 1 .. ..

73 73 18 55 41 .. ..

58 47 15 32 2 11 ..

59 48 11 37 2 11 ..

49 40 11 29 1 9 ..

30 22 11 11 11 8 ..

44 37 11 26 26 7 ..

42 37 11 26 26 4 ..

200 176 19 -1 0 157 158 75 83 -1 25 25 ..

163 57 23 -4 0 34 34 107 -73 .. 106 106 ..

65 -30 -13 -4 0 -17 -17 .. -17 .. 94 94 ..

76 -19 -1 -2 0 -18 -18 .. -18 .. 94 94 ..

130 -64 -1 1 -3 -63 -63 -18 -45 .. 194 194 ..

153 61 85 1 -4 -24 -24 -13 -11 .. 92 92 ..

183 42 49 0 -1 -7 -7 .. -7 .. 141 141 ..

109 50 56 4 0 -6 -6 .. -6 .. 59 59 ..

779 431 650 31 25 123

1,000 622 824 35 45 71

1,259 834 972 102 78 218

1,389 949 1,052 40 75 237

1,453 1,040 1,148 68 76 289

1,508 1,062 1,208 85 74 403

1,580 1,091 1,301 98 80 487

1,628 1,041 1,285 51 85 437

146.3 80.9 17.9 7.9 22.1 19.5

164.4 102.2 36.8 0.7 22.0 7.0

156.2 103.5 15.2 0.5 19.4 16.7

134.3 91.8 13.8 0.6 20.3 18.6

115.0 82.3 14.9 0.5 22.3 24.2

117.5 82.8 12.7 0.5 22.8 32.3

117.8 81.4 8.4 0.4 22.6 37.9

127.8 81.7 8.4 0.5 23.0 32.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2008 are based on Central Bank data.

43


BENIN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,400 1,237 1,237 1,234 96 3 0 .. .. 66 1

1,552 1,445 1,445 1,445 66 0 0 .. .. 41 2

1,599 1,113 1,113 1,113 146 0 0 .. .. 341 25

1,869 1,194 1,194 1,194 177 0 0 .. .. 497 28

2,060 1,308 1,308 1,308 210 0 0 .. .. 542 47

2,014 1,599 1,599 1,599 225 0 0 .. .. 189 54

2,045 1,766 1,766 1,766 220 0 0 .. .. 59 24

2,179 1,898 1,898 1,898 202 0 0 .. .. 78 49

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

39 39 39 0 0 .. ..

97 97 97 0 0 .. ..

184 184 184 0 0 .. ..

116 116 116 0 0 .. ..

122 122 122 0 0 .. ..

337 337 337 0 0 .. ..

330 330 330 0 0 .. ..

275 275 275 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

43 43 43 0 0 .. ..

24 24 20 4 0 .. ..

25 25 25 0 0 .. ..

29 29 29 0 0 .. ..

39 39 39 0 0 .. ..

68 68 68 0 0 .. ..

51 51 51 0 0 .. ..

43 43 43 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

16 16 16 0 0 .. ..

14 14 14 0 0 .. ..

13 13 13 0 0 .. ..

13 13 13 0 0 .. ..

16 16 16 0 0 .. ..

18 18 18 0 0 .. ..

25 25 24 0 0 .. ..

24 24 24 0 0 .. ..

-55 -54 -6 33 -2 -48 .. .. .. -48 -1 -1 0

54 82 71 43 -6 11 -4 .. -4 15 -28 -31 2

288 309 175 78 16 134 .. .. .. 134 -21 -26 5

424 274 120 21 33 154 .. .. .. 154 150 149 1

340 141 115 33 32 26 .. .. .. 26 199 198 1

107 -75 284 120 15 -360 .. .. .. -360 182 178 4

368 186 287 102 9 -101 .. .. .. -101 182 176 6

448 219 223 87 -8 -5 .. .. .. -5 229 229 ..

2,557 552 743 -1 86 459

4,786 797 1,188 9 147 655

6,917 1,707 2,393 55 139 1,200

7,760 1,765 2,423 66 172 887

8,050 1,969 2,746 91 208 713

9,042 2,651 3,578 128 249 695

9,516 3,197 4,376 144 304 726

8,449 2,116 3,012 .. 304 732

253.6 54.7 13.6 4.7 69.2 32.8

194.6 32.4 6.0 2.6 87.4 42.2

93.7 23.1 3.3 21.3 58.3 75.0

105.8 24.1 4.0 26.6 53.4 47.5

104.6 25.6 4.3 26.3 53.2 34.6

76.0 22.3 3.4 9.4 68.3 34.5

64.0 21.5 2.6 2.9 71.1 35.5

103.0 25.8 3.6 3.6 70.2 33.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

44


BHUTAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

212 202 202 202 8 0 0 .. .. 2 0

657 636 636 636 9 0 0 .. .. 12 4

935 919 919 899 9 21 0 .. .. 6 0

1,072 1,054 1,045 1,016 9 29 0 10 .. 8 0

1,450 1,365 1,358 1,320 9 38 0 8 .. 75 0

1,603 1,519 1,514 1,464 9 49 0 5 .. 75 0

1,836 1,821 1,820 1,769 9 50 0 2 .. 6 0

1,956 1,945 1,945 1,898 8 47 0 0 .. 2 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

35 35 35 0 0 .. ..

82 82 82 0 0 .. ..

178 178 162 16 0 .. ..

270 260 251 9 0 10 ..

409 409 400 9 0 0 ..

293 293 283 9 0 0 ..

424 424 417 7 0 0 ..

304 304 297 7 0 0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5 5 5 0 0 .. ..

5 5 5 0 0 .. ..

47 47 47 0 0 .. ..

45 45 45 0 0 .. ..

69 67 67 0 0 2 ..

39 37 37 0 0 2 ..

42 40 40 0 0 2 ..

92 90 86 4 0 1 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2 2 2 0 0 .. ..

2 2 2 0 0 .. ..

41 41 40 1 0 .. ..

40 40 38 2 0 .. ..

60 60 58 2 0 0 ..

38 38 35 2 0 0 ..

40 40 37 3 0 0 ..

37 37 34 3 0 0 ..

30 30 30 3 0 0 .. .. .. 0 .. .. ..

92 85 77 8 0 8 .. .. .. 8 6 6 ..

152 132 115 0 0 17 16 .. 16 1 20 20 ..

247 227 206 27 0 21 19 .. 19 2 20 20 ..

418 407 334 36 0 73 6 .. 6 67 11 11 ..

302 253 246 2 0 7 7 .. 7 .. 49 49 ..

323 313 377 5 0 -64 5 .. 5 -69 10 10 ..

241 208 211 21 0 -3 1 .. 1 -4 33 33 ..

439 .. .. .. .. 318

807 .. .. .. .. 467

1,497 607 1,024 4 8 1,002

1,706 762 1,425 5 10 790

1,682 746 1,340 2 18 955

1,682 685 1,284 20 12 991

1,824 679 1,259 2 14 1,245

1,848 727 1,386 27 20 1,103

.. 48.2 .. 0.7 47.6 150.1

.. 81.3 .. 1.9 26.8 71.2

154.0 62.4 14.4 0.6 35.3 107.2

140.6 62.8 11.2 0.7 35.8 73.7

194.2 86.2 17.4 5.2 29.8 65.9

233.9 95.3 11.3 4.7 28.0 61.8

270.6 100.7 12.2 0.3 25.6 67.8

269.1 105.8 17.8 0.1 24.0 56.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

45


BOLIVIA, PLURINATIONAL STATE OF

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

5,887 5,230 4,204 4,171 255 33 0 1,026 .. 402 2

6,961 6,497 4,583 4,556 282 27 0 1,914 .. 182 0

5,745 5,156 2,798 2,774 253 24 0 2,358 .. 336 0

6,149 5,574 3,401 3,312 252 89 0 2,173 .. 324 0

6,574 5,991 4,146 3,625 252 520 500 1,846 .. 330 0

8,051 7,548 5,191 4,172 253 1,019 1,000 2,357 .. 250 0

8,780 8,253 5,641 4,625 238 1,015 1,000 2,612 .. 289 0

9,849 9,235 6,329 5,316 227 1,013 1,000 2,906 .. 387 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

745 277 264 13 0 468 ..

880 434 429 4 0 447 ..

538 509 506 3 0 30 ..

776 776 709 67 0 .. ..

1,251 1,251 684 567 500 .. ..

1,445 1,220 720 500 500 225 ..

1,551 709 709 0 0 842 ..

1,375 983 983 0 0 392 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

438 157 153 4 0 281 ..

316 185 183 2 0 131 ..

568 247 177 70 0 322 ..

358 173 171 2 0 185 ..

558 375 373 2 0 183 ..

428 189 186 2 0 240 ..

796 210 207 2 0 586 ..

684 246 244 2 0 438 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

160 113 112 1 0 47 ..

159 100 100 0 0 59 ..

76 54 50 4 0 22 ..

78 57 54 4 0 20 ..

80 65 65 0 0 14 ..

114 96 71 25 24 18 ..

155 137 82 54 54 18 ..

167 150 96 54 54 17 ..

707 291 105 49 -5 186 196 .. 196 -10 416 416 ..

356 448 220 62 -26 227 318 .. 318 -91 -91 -91 ..

776 2 329 44 .. -327 -359 .. -359 32 774 774 ..

1,307 406 538 42 .. -133 -120 .. -120 -13 902 902 ..

1,922 699 311 47 .. 387 381 500 -119 6 1,224 1,224 ..

2,637 937 533 54 .. 404 483 500 -17 -79 1,699 1,699 ..

1,442 794 502 31 .. 292 254 0 254 39 648 648 ..

1,292 788 738 261 .. 50 -48 0 -48 98 503 503 ..

8,172 1,610 2,443 148 127 926

9,173 3,401 3,362 271 337 1,328

18,786 6,919 7,126 863 960 8,134

22,802 9,260 9,900 977 1,043 9,911

25,455 12,399 11,690 1,649 1,111 11,659

28,752 12,923 13,139 1,916 1,201 12,783

31,289 13,663 14,864 1,690 1,184 13,481

33,010 9,614 12,689 1,690 1,210 11,601

365.7 72.0 39.8 6.8 48.8 15.7

204.7 75.9 15.7 2.6 60.6 19.1

83.0 30.6 9.5 5.9 39.4 141.6

66.4 27.0 4.8 5.3 42.2 161.2

53.0 25.8 5.2 5.0 45.9 177.4

62.3 28.0 4.3 3.1 42.4 158.8

64.3 28.1 7.0 3.3 43.6 153.5

102.4 29.8 8.9 3.9 46.4 117.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

46


BOSNIA AND HERZEGOVINA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,791 2,622 1,959 1,834 131 125 0 663 .. 38 1

7,008 6,095 2,563 2,408 91 155 0 3,532 .. 821 0

14,032 12,115 3,733 3,267 769 466 273 8,381 .. 1,149 0

14,126 12,032 3,874 3,451 766 423 241 8,158 .. 1,328 0

14,557 12,537 4,201 3,797 888 404 221 8,336 .. 1,132 0

15,192 13,324 4,748 4,355 848 394 205 8,576 .. 1,020 0

14,115 12,442 4,634 4,309 892 325 158 7,808 .. 781 0

12,887 11,443 4,229 3,962 800 267 121 7,214 .. 644 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

103 98 98 0 0 5 ..

1,292 153 153 0 0 1,138 ..

441 441 427 14 0 0 ..

582 382 370 12 0 199 ..

1,268 448 431 17 0 820 ..

1,351 643 625 18 0 708 ..

561 561 535 25 0 0 ..

849 290 271 19 0 559 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

171 170 170 0 0 1 ..

95 55 51 3 0 41 ..

1,293 145 108 37 25 1,147 ..

594 171 129 43 26 423 ..

810 167 124 43 24 642 ..

669 200 155 46 25 468 ..

989 222 174 48 24 768 ..

1,495 342 298 44 21 1,153 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

119 89 86 2 0 30 ..

136 53 48 6 0 83 ..

177 55 47 9 5 121 ..

186 66 55 11 6 120 ..

183 65 56 9 5 118 ..

178 58 53 5 2 120 ..

247 80 75 4 2 168 ..

191 56 53 3 1 135 ..

94 -53 -56 44 16 3 4 .. 4 0 146 146 ..

2,040 1,726 63 32 -39 1,663 1,094 .. 1,094 569 314 314 ..

-774 -923 556 123 237 -1,479 -1,171 -25 -1,146 -308 149 149 ..

510 167 241 32 .. -75 -254 -26 -228 179 343 343 ..

545 383 427 0 120 -44 152 -24 176 -196 162 162 0

747 529 429 -16 -41 100 212 -25 237 -112 218 219 -1

-337 -569 461 27 99 -1,029 -790 -24 -766 -239 232 237 -6

-598 -837 -81 17 -54 -756 -619 -21 -598 -137 239 236 2

6,096 2,247 4,234 .. 1,581 497

11,693 4,227 8,103 97 2,038 2,548

17,442 5,691 9,111 79 1,822 4,366

18,778 6,646 10,931 276 1,958 4,150

17,341 6,138 10,043 228 1,846 4,283

18,386 6,719 10,191 182 1,958 4,868

18,644 6,949 11,008 331 2,107 4,744

16,149 6,124 9,077 312 1,801 4,689

124.2 45.8 14.2 1.4 45.4 17.8

165.8 59.9 7.3 11.7 24.4 36.4

246.6 80.4 27.4 8.2 17.2 31.1

212.6 75.2 13.1 9.4 18.1 29.4

237.2 83.9 18.1 7.8 19.8 29.4

226.1 82.6 16.7 6.7 22.2 32.0

203.1 75.7 22.1 5.5 24.0 33.6

210.4 79.8 29.7 5.0 24.4 36.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2005 are World Bank staff estimates. Short-term debt is based on data from the BIS.

47


BOTSWANA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

452 438 438 410 6 28 0 0 0 9 0

461 412 412 401 6 12 0 0 0 42 0

1,795 1,349 1,349 1,348 88 1 0 0 0 357 0

2,389 1,890 1,890 1,889 88 1 0 0 0 411 0

2,477 2,003 1,924 1,924 88 0 0 80 80 385 0

2,418 1,883 1,804 1,804 88 0 0 80 80 446 0

2,407 1,907 1,827 1,787 83 40 0 80 80 417 0

2,147 1,687 1,687 1,656 80 31 0 0 0 380 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

28 28 24 4 0 0 0

11 11 11 0 0 0 0

17 17 17 0 0 0 0

595 595 595 0 0 0 0

149 69 69 0 0 80 80

29 29 29 0 0 0 0

77 77 37 40 0 0 0

8 8 8 0 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

52 52 45 7 0 0 0

40 40 38 2 0 0 0

58 58 57 1 0 0 0

55 55 55 0 0 0 0

33 33 32 1 0 0 0

154 154 154 0 0 0 0

32 32 32 0 0 0 0

211 132 123 9 0 80 80

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

15 15 14 1 0 0 0

12 12 11 0 0 0 0

17 17 17 0 0 0 0

18 18 18 0 0 0 0

21 21 21 0 0 0 0

33 28 28 0 0 5 5

19 16 16 0 0 2 2

19 14 14 0 0 5 5

-30 -35 -21 -8 .. -14 -3 .. -3 -11 4 10 -6

229 -9 -27 -2 .. 19 -2 .. -2 21 238 211 27

391 158 -41 6 .. 199 -1 .. -1 199 233 222 11

1,988 593 539 52 .. 54 0 .. 0 54 1,395 1,413 -17

753 90 37 38 .. 53 79 80 -1 -26 663 671 -9

577 -64 -125 12 .. 61 .. .. .. 61 641 640 2

432 16 5 23 .. 11 40 .. 40 -29 416 416 0

209 -240 -115 -1 .. -125 -89 -80 -9 -37 450 450 0

5,436 3,378 3,050 658 19 6,318

9,096 5,739 4,737 1,066 118 6,309

12,237 5,835 7,360 731 22 7,885

15,571 7,918 8,590 285 20 8,082

14,730 7,115 9,024 116 18 7,628

14,439 9,376 9,677 536 36 7,726

15,534 10,097 9,341 512 46 8,323

14,203 7,744 8,232 449 31 7,546

13.4 8.3 2.0 2.0 65.7 1,396.5

8.0 5.1 0.9 9.1 56.9 1,369.9

30.8 14.7 1.4 19.9 67.9 439.4

30.2 15.3 1.0 17.2 74.8 338.3

34.8 16.8 0.8 15.5 74.1 308.0

25.8 16.7 2.1 18.4 71.7 319.6

23.8 15.5 0.6 17.3 72.0 345.8

27.7 15.1 3.1 17.7 75.2 351.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

48


BRAZIL

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

242,512 209,303 96,622 29,845 2,235 66,776 54,096 112,682 16,846 30,973 176

188,365 163,859 94,354 26,160 513 68,194 59,077 69,505 35,969 23,993 0

352,364 282,426 97,486 41,517 4,446 55,968 46,806 184,940 83,032 65,492 0

404,046 357,473 94,712 36,568 4,432 58,144 45,408 262,761 79,363 42,140 0

440,515 403,494 116,664 39,007 4,437 77,658 48,471 286,830 69,053 32,583 0

483,766 445,813 136,555 39,325 4,446 97,230 52,125 309,258 61,384 33,507 27

556,921 494,562 174,323 42,116 4,183 132,207 53,855 320,239 55,073 58,177 17

543,399 487,057 172,274 41,750 4,001 130,525 46,629 314,783 51,276 52,341 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

44,079 19,664 5,272 14,391 10,836 24,415 2,886

27,414 13,207 3,327 9,880 8,252 14,207 6,579

85,379 19,957 11,317 8,640 5,433 65,422 32,384

111,458 13,655 3,250 10,405 3,631 97,803 30,765

79,639 27,987 4,985 23,002 6,587 51,652 8,822

107,805 36,911 5,179 31,732 8,680 70,894 4,780

115,767 41,796 5,296 36,499 6,287 73,971 8,163

93,972 19,999 3,568 16,432 852 73,972 9,678

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

34,746 10,932 7,093 3,839 2,056 23,813 2,775

25,788 9,481 3,334 6,147 4,187 16,306 7,063

32,026 9,628 2,665 6,963 5,770 22,398 2,656

41,778 15,852 8,355 7,498 4,281 25,925 3,666

30,590 6,689 2,321 4,369 3,269 23,901 7,154

63,750 14,897 4,455 10,442 4,325 48,853 11,459

44,956 9,071 1,949 7,122 5,254 35,885 9,588

71,341 22,689 3,656 19,033 5,232 48,652 10,741

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

15,297 6,943 1,932 5,010 4,212 8,355 1,562

10,314 6,700 1,058 5,642 5,033 3,614 2,161

13,157 5,172 968 4,204 3,864 7,985 4,207

16,615 5,446 1,013 4,433 3,902 11,169 5,859

14,259 5,019 963 4,057 3,392 9,240 3,107

17,830 6,007 918 5,089 3,805 11,823 3,722

16,438 5,706 798 4,908 3,658 10,731 3,354

17,723 5,875 810 5,066 3,313 11,848 3,334

37,563 4,471 -8,514 805 -6,693 12,985 11,154 8,892 2,262 1,831 33,092 30,016 3,076

-1,961 -23,457 -23,817 -255 -23,810 360 1,634 3,580 -1,947 -1,274 21,496 15,045 6,451

191,712 79,059 8,652 3,512 0 70,407 44,700 29,391 15,309 25,706 112,653 74,982 37,671

138,210 46,329 -5,104 -4,553 0 51,433 74,785 26,449 48,336 -23,352 91,881 84,707 7,174

109,158 39,491 2,664 2,409 0 36,827 46,384 4,986 41,398 -9,557 69,667 64,066 5,602

87,423 44,951 724 2,259 0 44,227 43,331 -2,324 45,655 897 42,472 30,835 11,636

165,182 95,491 3,347 1,998 0 92,144 67,463 -391 67,855 24,680 69,691 57,918 11,773

83,264 16,812 -88 660 0 16,900 22,718 -5,442 28,161 -5,818 66,452 56,421 10,030

626,889 67,337 93,083 4,238 1,350 32,434

856,743 136,200 125,773 11,035 2,805 53,245

2,172,767 249,757 328,412 62,183 3,083 287,056

2,571,003 315,431 395,386 63,171 3,215 350,356

2,380,537 289,877 366,774 36,108 2,784 369,566

2,356,028 291,769 370,240 17,445 2,718 356,214

2,368,460 276,912 383,819 35,803 2,648 360,965

1,735,974 235,800 297,406 28,544 2,897 354,175

360.1 38.7 87.0 12.8 7.8 13.4

138.3 22.0 46.2 12.7 10.4 28.3

141.1 16.2 18.4 18.6 8.5 81.5

128.1 15.7 18.7 10.4 6.2 86.7

152.0 18.5 15.7 7.4 6.3 83.9

165.8 20.5 28.1 6.9 5.9 73.6

201.1 23.5 22.5 10.4 5.6 64.8

230.4 31.3 38.1 9.6 5.8 65.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

49


BULGARIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

12,009 8,440 7,671 2,603 2,118 5,068 4,982 769 0 1,451 1

18,507 12,532 5,075 3,045 1,533 2,030 1,920 7,457 526 4,442 0

50,635 34,551 4,782 3,151 941 1,631 1,618 29,768 134 15,143 0

47,642 33,857 4,579 3,140 938 1,440 1,434 29,277 24 12,848 0

51,289 36,570 5,718 3,094 939 2,624 2,618 30,852 274 13,780 0

51,307 37,198 4,536 3,231 941 1,305 1,299 32,662 1,594 13,168 0

47,834 34,845 5,706 2,744 885 2,962 2,957 29,139 1,444 12,103 0

37,492 28,064 6,139 2,477 847 3,662 3,657 21,925 1,444 8,582 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

719 405 381 24 0 313 0

4,895 402 383 19 0 4,493 249

1,569 199 199 0 0 1,370 0

10,803 292 292 0 0 10,511 0

6,171 1,429 228 1,201 1,201 4,743 340

6,460 380 380 0 0 6,081 1,320

5,468 2,078 174 1,904 1,904 3,389 0

5,712 2,281 210 2,070 2,070 3,431 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

527 298 297 2 0 229 0

3,349 1,761 255 1,507 1,496 1,588 10

3,550 268 261 7 0 3,282 0

3,567 258 251 7 0 3,308 109

3,777 263 263 0 0 3,514 57

5,201 1,650 269 1,380 1,380 3,551 0

4,434 293 293 0 0 4,142 150

8,218 1,273 228 1,045 1,045 6,945 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

453 420 139 282 281 32 0

479 327 93 234 229 152 30

607 177 71 106 106 430 11

785 188 83 105 105 598 6

749 161 82 79 79 588 0

863 235 69 166 166 628 12

718 121 68 53 53 598 42

2,099 162 58 104 104 1,936 36

1,329 511 221 44 137 290 107 .. 107 183 818 813 5

4,774 2,308 -315 115 -443 2,623 1,418 -1,257 2,675 1,206 2,466 2,017 449

-2,994 -4,635 -62 -70 0 -4,573 -1,919 .. -1,919 -2,654 1,641 1,642 -1

6,196 4,941 41 -56 0 4,901 7,196 -109 7,305 -2,296 1,254 1,301 -46

4,259 3,326 -35 -56 0 3,362 2,429 1,483 946 932 933 928 4

2,434 648 111 -59 0 537 1,149 -60 1,209 -611 1,786 1,805 -19

871 -32 -118 -103 0 87 1,152 1,754 -602 -1,065 903 979 -77

-4,078 -6,028 -17 -87 0 -6,011 -2,489 1,025 -3,514 -3,522 1,950 1,959 -9

12,825 7,321 8,314 107 58 3,155

29,905 17,674 22,034 912 1,613 8,041

48,581 26,144 29,108 1,284 1,333 15,421

54,729 34,902 36,961 2,074 1,483 15,252

52,223 33,593 36,831 1,414 1,449 18,371

53,528 37,139 39,619 2,366 1,667 18,335

55,405 38,088 40,167 2,122 1,685 18,576

46,938 33,220 34,830 2,366 1,495 20,783

164.0 93.6 17.5 12.1 12.8 26.3

104.7 61.9 25.3 24.0 13.3 43.4

193.7 104.2 16.1 29.9 4.6 30.5

136.5 87.1 12.8 27.0 5.0 32.0

152.7 98.2 13.9 26.9 4.8 35.8

138.1 95.9 16.7 25.7 5.3 35.7

125.6 86.3 14.0 25.3 5.0 38.8

112.9 79.9 31.6 22.9 5.8 55.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2008 are World Bank staff estimates based on reports provided by the country. Short-term debt before 2009 is World Bank staff estimates based on Central Bank data. The data may include long-term public and publicly guaranteed debt owed by the state-owned railway.

50


BURKINA FASO

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,438 1,229 1,229 1,226 124 3 0 .. .. 84 5

2,001 1,861 1,861 1,861 117 0 0 .. .. 22 0

2,148 1,931 1,931 1,913 217 18 0 .. .. 0 0

2,290 2,057 2,057 2,043 233 15 0 .. .. 0 0

2,519 2,218 2,218 2,205 301 13 0 .. .. 0 0

2,565 2,261 2,261 2,250 304 11 0 .. .. 0 0

2,544 2,261 2,261 2,253 283 7 0 .. .. 0 0

2,627 2,344 2,344 2,341 283 3 0 .. .. 0 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

91 91 91 0 0 .. ..

208 208 208 0 0 .. ..

276 276 276 0 0 .. ..

171 171 171 0 0 .. ..

159 159 159 0 0 .. ..

60 60 60 0 0 .. ..

217 217 217 0 0 .. ..

274 274 274 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

26 26 26 0 0 .. ..

25 25 25 0 0 .. ..

30 30 27 2 0 .. ..

43 43 40 3 0 .. ..

43 43 41 2 0 .. ..

48 48 46 2 0 .. ..

57 57 55 2 0 .. ..

70 70 66 4 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

12 12 12 0 0 .. ..

16 16 16 0 0 .. ..

18 18 18 0 0 .. ..

21 21 21 0 0 .. ..

21 21 21 0 0 .. ..

22 22 22 0 0 .. ..

23 23 23 0 0 .. ..

22 22 22 0 0 .. ..

67 47 66 36 0 -19 0 .. 0 -19 21 23 -3

210 193 195 102 12 -2 0 .. 0 -2 17 21 -4

236 266 269 67 20 -2 -2 .. -2 .. -30 -32 3

273 145 147 64 17 -3 -3 .. -3 .. 128 132 -4

114 184 186 60 68 -2 -2 .. -2 .. -70 118 -188

87 14 17 24 2 -2 -2 .. -2 .. 73 266 -194

464 157 159 85 -3 -2 -2 .. -2 .. 307 241 66

383 216 219 130 12 -4 -4 .. -4 .. 167 167 ..

2,606 251 691 3 67 243

5,442 583 1,452 7 57 438

9,203 1,981 2,655 26 120 1,068

10,392 2,913 3,618 60 221 957

10,721 3,393 4,056 82 210 1,025

11,926 3,280 5,065 178 308 628

12,190 3,366 4,842 384 396 297

10,941 2,556 3,996 .. 396 260

573.9 55.2 19.0 5.9 71.5 16.9

343.0 36.8 7.9 1.1 84.6 21.9

108.5 23.3 2.5 0.0 75.0 49.7

78.6 22.0 2.3 0.0 76.3 41.8

74.2 23.5 2.1 0.0 75.8 40.7

78.2 21.5 2.4 0.0 76.5 24.5

75.6 20.9 2.7 0.0 78.1 11.7

102.8 24.0 4.4 0.0 77.8 9.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2009 is based on data from the BIS. Data include HIPC and MDRI debt relief.

51


BURUNDI

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,125.9 1,036.0 1,036.0 1,032.0 24.9 4.0 0.0 .. .. 65.0 19.7

1,287.9 1,176.1 1,176.1 1,174.0 77.7 2.1 0.0 .. .. 34.1 33.1

620.9 381.8 381.8 376.8 223.4 5.0 0.0 .. .. 15.7 0.7

604.4 363.2 363.2 358.2 240.7 5.0 0.0 .. .. 0.4 0.4

667.3 411.4 411.4 407.0 248.7 4.4 0.0 .. .. 7.3 0.3

683.6 398.1 398.1 393.8 254.2 4.4 0.0 .. .. 31.3 0.3

690.2 403.6 403.6 399.2 238.3 4.4 0.0 .. .. 48.3 0.3

626.0 408.1 408.1 403.7 217.6 4.4 0.0 .. .. 0.3 0.3

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

41.3 41.3 38.2 3.0 0.0 .. ..

42.1 42.1 42.1 0.0 0.0 .. ..

31.6 31.6 31.6 0.0 0.0 .. ..

28.0 28.0 28.0 0.0 0.0 .. ..

60.2 60.2 60.2 0.0 0.0 .. ..

6.9 6.9 6.9 0.0 0.0 .. ..

39.9 39.9 39.9 0.0 0.0 .. ..

21.0 21.0 21.0 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9.4 9.4 9.4 0.0 0.0 .. ..

27.2 27.2 22.6 4.6 0.0 .. ..

2.4 2.4 2.4 0.0 0.0 .. ..

5.8 5.8 5.8 0.0 0.0 .. ..

10.2 10.2 9.6 0.6 0.0 .. ..

18.3 18.3 18.3 0.0 0.0 .. ..

8.7 8.7 8.7 0.0 0.0 .. ..

4.8 4.8 4.8 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4.5 4.5 4.5 0.0 0.0 .. ..

11.9 11.9 11.9 0.0 0.0 .. ..

1.4 1.4 1.4 0.0 0.0 .. ..

2.0 2.0 2.0 0.0 0.0 .. ..

3.0 3.0 3.0 0.0 0.0 .. ..

3.2 3.2 3.2 0.0 0.0 .. ..

3.7 3.7 3.7 0.0 0.0 .. ..

3.7 3.7 3.7 0.0 0.0 .. ..

30.1 18.4 24.3 27.6 -4.5 -5.9 3.0 .. 3.0 -8.9 11.7 11.7 ..

34.7 34.1 40.7 18.9 21.1 -6.6 -4.6 .. -4.6 -2.0 0.6 0.6 ..

58.1 57.3 49.3 17.8 20.1 8.0 0.0 .. 0.0 8.0 0.8 0.8 ..

29.1 25.8 40.8 8.6 18.6 -15.0 0.0 .. 0.0 -15.0 3.4 3.4 ..

65.2 64.6 58.2 5.0 7.6 6.4 -0.6 .. -0.6 7.0 0.6 0.6 ..

24.5 17.6 -6.4 -0.9 5.0 24.0 0.0 .. 0.0 24.0 6.9 6.9 ..

94.4 47.4 30.4 -1.6 -0.9 17.0 0.0 .. 0.0 17.0 47.1 47.1 ..

-34.9 -42.2 5.8 -2.2 -10.5 -48.0 0.0 .. 0.0 -48.0 7.4 7.4 ..

884.8 55.4 164.9 0.4 .. 32.9

1,099.6 98.7 343.9 2.1 0.1 100.1

2,014.8 181.9 618.7 .. 34.5 330.7

2,338.2 243.1 790.3 .. 45.5 294.0

2,463.3 235.6 943.3 8.5 46.4 307.2

2,713.1 235.0 925.9 4.8 48.6 328.2

3,093.7 220.0 945.2 12.9 56.3 316.0

3,077.9 192.4 844.9 5.8 51.0 135.1

2031.9 127.2 40.9 5.8 79.1 2.9

1304.3 117.1 40.5 2.6 81.9 7.8

341.4 30.8 2.4 2.5 52.4 53.3

248.6 25.8 4.2 0.1 51.1 48.6

283.3 27.1 8.9 1.1 50.4 46.0

290.9 25.2 13.8 4.6 47.2 48.0

313.7 22.3 13.3 7.0 45.5 45.8

325.3 20.3 13.5 0.0 49.1 21.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Data include the effects of Paris Club debt restructuring agreement and HIPC and MDRI debt relief.

52


CABO VERDE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

320 315 315 308 1 7 0 .. .. 4 4

477 463 463 442 13 22 0 .. .. 1 1

892 868 868 816 23 53 0 .. .. 2 2

1,039 1,017 1,017 944 20 73 0 .. .. 2 2

1,245 1,226 1,226 1,108 18 118 0 .. .. 2 2

1,488 1,471 1,471 1,281 16 190 0 .. .. 2 2

1,542 1,527 1,527 1,270 14 257 0 .. .. 2 2

1,520 1,506 1,506 1,247 13 259 0 .. .. 2 2

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

29 29 29 0 0 .. ..

74 74 65 9 0 .. ..

208 208 158 50 0 .. ..

191 191 165 25 0 .. ..

222 222 179 43 0 .. ..

244 244 180 64 0 .. ..

227 227 132 96 0 .. ..

119 119 91 29 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

11 11 10 2 0 .. ..

29 29 23 5 0 .. ..

26 26 22 3 0 .. ..

26 26 24 2 0 .. ..

20 20 20 0 0 .. ..

22 22 22 0 0 .. ..

24 24 24 0 0 .. ..

24 24 24 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5 5 4 1 0 .. ..

7 7 6 1 0 .. ..

8 8 8 0 0 .. ..

10 10 9 1 0 .. ..

13 13 12 2 0 .. ..

16 16 13 2 0 .. ..

18 18 14 4 0 .. ..

18 18 14 4 0 .. ..

36 2 19 10 0 -18 -2 .. -2 -16 34 34 ..

112 49 45 26 4 4 4 .. 4 .. 63 63 ..

275 180 134 22 -2 46 46 .. 46 .. 95 95 ..

253 162 138 -2 -3 23 23 .. 23 .. 91 91 ..

363 199 156 13 -2 43 43 .. 43 .. 164 164 ..

342 220 156 22 -2 64 64 .. 64 .. 121 121 ..

330 202 106 45 -1 96 96 .. 96 .. 128 128 ..

174 95 66 17 0 29 29 .. 29 .. 79 79 ..

525 141 334 5 87 28

938 373 695 11 137 174

1,591 644 1,207 56 131 382

1,792 796 1,459 42 177 339

1,677 788 1,293 32 178 376

1,773 855 1,238 17 176 475

1,778 907 1,340 35 197 511

1,556 686 1,013 16 201 494

226.2 60.9 11.4 1.2 72.4 8.8

128.0 50.9 9.6 0.2 78.8 36.4

138.6 56.1 5.6 0.2 67.0 42.8

130.5 58.0 4.9 0.1 58.8 32.6

157.9 74.2 4.6 0.1 51.3 30.2

174.0 83.9 4.6 0.1 45.8 31.9

170.0 86.7 4.8 0.1 45.5 33.1

221.5 97.7 6.2 0.1 47.3 32.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

53


CAMBODIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,946 1,853 1,853 1,853 93 0 0 .. .. 0 0

2,769 2,666 2,666 2,666 103 0 0 .. .. 0 0

3,685 3,177 2,874 2,874 129 0 0 302 .. 379 0

4,227 3,602 3,279 3,279 129 0 0 323 .. 497 0

6,283 5,311 4,099 4,099 129 0 0 1,212 .. 843 0

7,132 6,040 4,626 4,626 129 0 0 1,414 .. 963 0

7,916 6,707 5,051 5,051 122 0 0 1,657 .. 1,087 0

9,319 7,861 5,420 5,420 116 0 0 2,441 .. 1,342 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

79 79 79 0 0 .. ..

155 155 155 0 0 .. ..

454 346 346 0 0 108 ..

694 437 437 0 0 257 ..

2,201 869 869 0 0 1,333 ..

1,285 602 602 0 0 683 ..

1,395 645 645 0 0 750 ..

1,974 600 600 0 0 1,374 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0 0 0 0 0 .. ..

8 8 8 0 0 .. ..

33 33 33 0 0 0 ..

277 41 41 0 0 236 ..

492 47 47 0 0 444 ..

550 69 69 0 0 481 ..

585 77 77 0 0 508 ..

670 80 80 0 0 590 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4 4 4 0 0 .. ..

12 12 12 0 0 .. ..

27 26 26 0 0 1 ..

33 31 31 0 0 2 ..

44 42 42 0 0 2 ..

56 52 52 0 0 4 ..

62 57 57 0 0 5 ..

71 57 57 0 0 14 ..

201 83 83 37 4 0 .. .. .. 0 118 118 ..

518 138 138 34 -9 0 .. .. .. 0 379 379 ..

1,305 570 313 9 .. 257 108 .. 108 149 735 735 ..

1,330 535 396 12 .. 139 21 .. 21 118 795 795 ..

3,497 2,056 821 14 .. 1,234 888 .. 888 346 1,441 1,441 ..

2,200 855 533 2 .. 322 202 .. 202 120 1,345 1,345 ..

2,666 935 568 22 .. 367 243 .. 243 124 1,730 1,730 ..

3,256 1,558 520 -11 .. 1,039 784 .. 784 255 1,698 1,698 ..

3,534 1,893 2,453 123 103 502

6,006 4,094 4,935 227 164 953

10,728 6,026 7,075 414 153 3,255

12,229 7,826 8,882 460 160 3,450

13,325 8,893 10,343 617 172 4,267

14,575 10,087 12,075 700 176 4,516

15,826 11,388 13,638 945 377 5,626

17,062 12,515 15,051 .. 397 6,883

102.8 55.1 0.7 0.0 19.6 25.8

67.6 46.1 0.7 0.0 38.3 34.4

61.2 34.3 1.1 10.3 41.5 88.3

54.0 34.6 4.1 11.7 37.6 81.6

70.7 47.2 6.2 13.4 26.0 67.9

70.7 48.9 6.1 13.5 24.3 63.3

69.5 50.0 5.8 13.7 21.3 71.1

74.5 54.6 6.2 14.4 18.0 73.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are estimates based on Central Bank data. Short-term debt is based on Central Bank data. Data include MDRI debt relief.

54


CAMEROON

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

10,561 9,070 8,753 8,436 267 317 0 317 .. 1,224 205

7,700 7,059 6,467 6,384 307 83 0 592 .. 334 280

3,191 2,737 2,160 2,140 445 20 0 577 .. 9 9

3,095 2,585 2,124 2,100 442 23 0 461 .. 68 0

3,739 3,142 2,774 2,729 440 45 0 368 .. 157 24

4,915 4,036 3,811 3,572 437 239 0 225 .. 442 60

5,162 4,579 4,336 3,946 406 390 0 243 .. 177 1

6,558 5,931 5,356 4,213 358 1,143 750 575 .. 269 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

286 247 247 0 0 39 ..

227 130 130 0 0 98 ..

278 278 272 6 0 0 ..

178 178 174 5 0 0 ..

608 608 586 22 0 0 ..

1,005 1,005 814 191 0 0 ..

1,076 1,030 805 225 17 46 ..

1,562 1,505 662 843 750 57 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

253 166 162 4 0 86 ..

537 396 396 0 0 141 ..

159 121 121 0 0 38 ..

244 133 133 1 0 111 ..

173 80 79 1 0 93 ..

146 53 49 4 0 93 ..

284 256 221 35 17 28 ..

231 185 135 50 0 47 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

215 198 198 1 0 17 ..

228 178 177 1 0 51 ..

42 27 27 0 0 15 ..

86 57 56 1 0 28 ..

60 35 34 1 0 25 ..

55 29 28 2 0 25 ..

146 134 126 8 0 12 ..

156 114 80 34 15 42 ..

5 -21 136 -5 51 -157 -52 .. -52 -105 26 26 0

-567 -683 -301 -13 -35 -382 -44 .. -44 -339 116 120 -4

644 119 151 75 0 -32 -32 .. -32 0 525 525 0

138 1 40 60 -1 -39 -107 .. -107 68 138 138 0

774 497 505 80 -2 -8 -73 .. -73 65 277 277 0

1,248 1,104 762 152 -4 343 94 .. 94 249 143 143 0

1,135 581 579 120 -5 2 208 .. 208 -206 554 554 ..

2,012 1,392 496 90 -31 896 803 750 53 93 620 620 ..

8,694 2,693 3,020 41 22 212

16,099 4,280 5,012 289 77 949

23,358 5,701 6,703 166 115 3,643

26,284 7,674 8,680 282 219 3,199

26,027 7,591 8,810 503 210 3,381

28,948 8,226 9,658 648 244 3,472

31,761 .. .. .. 244 3,168

28,762 .. .. .. 244 3,536

392.2 121.5 20.8 11.6 13.4 2.0

179.9 47.8 19.1 4.3 20.6 12.3

56.0 13.7 3.6 0.3 24.6 114.2

40.3 11.8 4.3 2.2 27.6 103.4

49.3 14.4 3.1 4.2 30.0 90.4

59.8 17.0 2.5 9.0 27.8 70.6

.. 16.3 .. 3.4 28.4 61.4

.. 22.8 .. 4.1 22.4 53.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

55


CENTRAL AFRICAN REPUBLIC

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

869.0 797.3 797.3 764.8 33.6 32.6 0.0 .. .. 38.1 26.1

1,026.0 877.2 877.2 843.1 49.2 34.1 0.0 .. .. 99.6 97.6

615.2 361.9 361.9 325.3 172.6 36.6 0.0 .. .. 80.7 77.7

549.3 271.2 271.2 244.1 172.0 27.1 0.0 .. .. 106.1 71.1

537.1 274.3 274.3 247.2 182.9 27.1 0.0 .. .. 79.9 72.9

556.3 292.6 292.6 266.4 181.0 26.2 0.0 .. .. 82.7 76.3

641.8 380.9 380.9 357.2 177.3 23.7 0.0 .. .. 83.6 79.6

661.9 401.3 401.3 357.8 174.9 43.5 0.0 .. .. 85.6 82.5

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

16.1 16.1 16.1 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

19.2 19.2 19.2 0.0 0.0 .. ..

17.1 17.1 17.1 0.0 0.0 .. ..

18.4 18.4 18.4 0.0 0.0 .. ..

20.2 20.2 20.2 0.0 0.0 .. ..

93.9 93.9 93.9 0.0 0.0 .. ..

39.1 39.1 19.1 20.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

7.5 7.5 7.4 0.0 0.0 .. ..

0.7 0.7 0.7 0.0 0.0 .. ..

1.0 1.0 1.0 0.0 0.0 .. ..

0.8 0.8 0.7 0.1 0.0 .. ..

2.1 2.1 2.1 0.1 0.0 .. ..

3.5 3.5 2.3 1.2 0.0 .. ..

7.2 7.2 5.1 2.2 0.0 .. ..

0.9 0.9 0.9 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4.3 4.3 4.3 0.0 0.0 .. ..

0.2 0.2 0.2 0.0 0.0 .. ..

1.2 1.2 1.2 0.0 0.0 .. ..

0.2 0.2 0.2 0.0 0.0 .. ..

1.9 1.9 1.9 0.0 0.0 .. ..

0.5 0.5 0.5 0.0 0.0 .. ..

2.6 2.6 2.6 0.0 0.0 .. ..

2.6 2.6 2.6 0.0 0.0 .. ..

-16.0 -16.9 7.8 7.2 -0.8 -24.7 0.0 .. 0.0 -24.7 0.9 0.9 ..

-3.5 -13.6 -5.6 .. -4.9 -8.0 0.0 .. 0.0 -8.0 10.1 10.1 ..

92.9 31.4 31.4 5.0 13.2 0.0 0.0 .. 0.0 0.0 61.5 61.5 ..

85.2 48.3 16.4 5.2 .. 31.9 -0.1 .. -0.1 32.0 36.9 36.9 ..

68.9 -1.1 26.9 4.2 10.6 -28.1 -0.1 .. -0.1 -28.0 70.0 70.0 ..

15.7 13.9 15.7 -0.1 -2.3 -1.8 -1.2 .. -1.2 -0.6 1.9 1.9 ..

95.0 91.5 96.2 33.1 7.3 -4.7 -2.2 .. -2.2 -2.5 3.5 3.5 ..

45.8 42.8 23.7 7.9 5.4 19.1 20.0 .. 20.0 -0.9 3.0 3.0 ..

901.4 .. .. .. .. 133.3

1,340.1 .. .. .. .. 139.2

1,995.6 .. .. .. .. 181.2

2,222.4 .. .. .. .. 154.5

2,195.4 .. .. .. .. 157.9

1,499.7 .. .. .. .. 193.7

1,698.3 .. .. .. .. 259.6

1,510.2 .. .. .. .. 213.8

.. 96.4 .. 4.4 67.1 15.3

.. 76.6 .. 9.7 61.2 13.6

.. 30.8 .. 13.1 6.7 29.5

.. 24.7 .. 19.3 6.4 28.1

.. 24.5 .. 14.9 7.9 29.4

.. 37.1 .. 14.9 7.6 34.8

.. 37.8 .. 13.0 10.8 40.4

.. 43.8 .. 12.9 12.9 32.3

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

56


CHAD

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,099 986 986 971 90 15 0 .. .. 23 10

1,630 1,526 1,526 1,494 93 32 0 .. .. 11 6

2,158 2,049 2,049 2,019 99 30 0 .. .. 9 7

2,346 2,235 2,235 2,211 91 24 0 .. .. 20 8

2,361 2,266 2,266 2,243 87 22 0 .. .. 8 8

2,925 2,832 2,832 2,212 85 620 0 .. .. 8 8

2,396 2,291 2,291 2,096 98 195 0 .. .. 8 8

1,617 1,472 1,472 1,278 137 194 0 .. .. 8 8

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

46 46 46 0 0 .. ..

143 143 143 0 0 .. ..

366 366 366 0 0 .. ..

254 254 254 0 0 .. ..

95 95 95 0 0 .. ..

661 661 61 600 0 .. ..

116 116 116 0 0 .. ..

43 43 43 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

13 13 13 1 0 .. ..

24 24 23 1 0 .. ..

45 45 43 2 0 .. ..

57 57 51 6 0 .. ..

58 58 56 2 0 .. ..

95 95 92 3 0 .. ..

539 539 114 425 0 .. ..

27 27 27 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9 9 9 0 0 .. ..

16 16 16 0 0 .. ..

17 17 17 0 0 .. ..

18 18 18 0 0 .. ..

21 21 21 0 0 .. ..

23 23 23 0 0 .. ..

49 49 24 25 0 .. ..

9 9 9 0 0 .. ..

157 42 46 13 13 -4 -1 .. -1 -3 115 115 ..

12 111 114 58 -7 -2 -1 .. -1 -1 -99 -99 ..

617 304 312 -16 -11 -8 -2 .. -2 -6 313 313 ..

481 199 194 -17 -8 4 -6 .. -6 10 282 282 ..

601 21 35 -17 -4 -14 -2 .. -2 -12 580 580 ..

1,084 564 -34 -21 -3 597 597 .. 597 0 520 520 ..

-1,079 -404 21 -17 19 -425 -425 .. -425 0 -676 -676 ..

661 61 61 -6 44 0 0 .. 0 0 600 600 ..

1,368 .. .. .. .. 111

5,622 .. .. .. .. 226

10,302 .. .. .. .. 632

11,841 .. .. .. .. 951

12,068 .. .. .. .. 1,156

12,359 .. .. .. .. 1,183

13,233 .. .. .. .. 1,076

10,561 .. .. .. .. 369

.. 80.4 .. 2.1 75.9 10.1

.. 29.0 .. 0.7 84.2 13.8

.. 20.9 .. 0.4 70.9 29.3

.. 19.8 .. 0.8 65.7 40.5

.. 19.6 .. 0.4 65.3 48.9

.. 23.7 .. 0.3 51.4 40.4

.. 18.1 .. 0.3 57.7 44.9

.. 15.3 .. 0.5 35.5 22.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC debt relief.

57


CHINA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

145,666 132,278 94,489 50,393 309 44,096 11,371 37,789 1,068 13,080 0

283,310 134,704 84,212 52,438 338 31,774 16,039 50,492 3,574 148,267 0

222,655 211,378 94,003 67,204 10,764 26,799 12,398 117,375 5,561 512 0

1,044,355 262,263 104,778 67,651 10,731 37,127 13,404 157,485 23,667 771,361 0

1,138,247 335,397 128,593 66,179 10,743 62,414 30,104 206,804 44,125 792,108 0

1,471,618 383,823 143,691 58,529 10,764 85,162 36,509 240,132 52,353 1,077,031 0

1,770,543 520,964 171,217 57,265 10,127 113,952 55,403 349,748 89,524 1,239,452 0

1,418,291 487,983 158,402 45,884 9,686 112,518 66,019 329,581 123,982 920,622 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

19,006 11,924 5,791 6,133 848 7,082 390

29,228 9,776 2,170 7,606 4,208 19,452 1,622

38,569 11,823 4,348 7,475 0 26,746 ..

78,621 37,400 5,527 31,874 14,016 41,220 14,189

80,331 31,880 3,419 28,461 16,556 48,451 20,703

79,893 26,477 2,713 23,764 6,405 53,416 23,897

136,867 41,190 4,902 36,287 23,695 95,678 37,740

134,139 25,556 2,678 22,878 11,866 108,583 47,610

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

19,364 10,237 4,271 5,965 443 9,127 534

20,938 6,661 1,415 5,246 550 14,277 370

18,765 11,961 7,204 4,757 0 6,803 1,459

24,949 12,199 5,301 6,898 2,092 12,751 1,083

29,829 8,132 4,491 3,641 318 21,697 1,310

36,681 9,966 6,877 3,089 0 26,715 1,821

38,158 12,597 5,130 7,467 4,801 25,561 2,754

80,227 39,041 13,556 25,484 1,250 41,187 13,208

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6,065 4,141 2,387 1,754 521 1,924 93

3,219 2,202 1,376 826 430 1,017 248

5,391 1,726 944 783 393 3,665 672

6,890 1,792 1,070 722 310 5,097 1,942

7,675 2,139 1,832 307 59 5,536 2,558

7,580 1,974 1,552 422 151 5,606 3,593

9,410 1,707 1,083 625 349 7,703 5,299

10,473 2,270 1,507 762 176 8,203 6,352

42,243 -2,458 1,519 1,263 .. -3,977 -1,877 261 -2,138 -2,100 44,700 37,788 6,912

153,012 40,787 755 127 .. 40,032 7,535 4,910 2,625 32,497 112,225 91,656 20,569

36,758 -220,192 -2,856 -153 .. -217,336 22,661 -1,459 24,120 -239,997 256,950 225,593 31,357

1,080,597 824,520 226 -1,486 .. 824,294 53,446 25,029 28,416 770,849 256,076 250,768 5,308

315,675 71,249 -1,072 -814 .. 72,321 51,574 35,631 15,943 20,747 244,425 214,523 29,903

626,138 328,135 -4,164 -832 .. 332,299 47,376 28,481 18,895 284,923 298,003 265,408 32,595

523,943 261,130 -228 -690 .. 261,358 98,937 53,880 45,057 162,421 262,813 210,897 51,916

-30,327 -264,918 -10,878 -592 .. -254,040 64,790 45,018 19,773 -318,830 234,591 219,627 14,964

1,190,595 202,589 188,382 20,198 758 168,278

2,252,490 812,612 704,099 47,566 3,337 821,514

6,013,586 1,746,369 1,549,244 159,637 13,636 2,866,079

7,422,055 2,153,120 2,041,534 204,476 16,568 3,202,789

8,441,806 2,342,129 2,130,171 171,845 17,066 3,331,120

9,412,780 2,539,568 2,382,630 206,381 17,790 3,839,548

10,320,724 2,763,611 2,487,623 .. 29,911 3,859,168

10,807,242 2,657,098 2,317,819 .. 44,445 3,345,194

71.9 12.2 13.1 9.0 17.7 115.5

34.9 12.6 3.4 52.3 9.3 290.0

12.7 3.7 3.0 0.2 15.8 1,287.2

48.5 14.1 2.9 73.9 3.3 306.7

48.6 13.5 3.1 69.6 3.0 292.7

57.9 15.6 3.0 73.2 2.3 260.9

64.1 17.2 2.9 70.0 1.9 218.0

53.4 13.1 4.7 64.9 2.3 235.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed and short-term debt data are World Bank staff estimates based on reports provided by the country and market data. 2015 data reflects BPM6 methodology and coverage.

58


COLOMBIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

34,272 31,252 20,993 7,909 149 13,084 8,201 10,259 762 2,871 0

37,465 31,665 22,676 10,665 163 12,011 10,927 8,989 370 5,637 0

64,097 55,048 36,970 16,430 1,137 20,539 17,686 18,078 3,329 7,912 0

73,813 62,083 39,484 16,921 1,134 22,563 20,099 22,599 2,720 10,596 0

76,782 65,313 43,945 19,933 1,135 24,013 21,729 21,368 5,320 10,334 0

89,720 77,693 50,947 21,209 1,137 29,739 25,555 26,746 8,420 10,891 0

101,376 88,085 58,649 21,906 1,070 36,743 31,450 29,436 8,570 12,221 0

111,050 98,092 66,650 22,952 1,023 43,698 36,482 31,442 9,170 11,934 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,840 2,975 666 2,310 1,835 865 ..

6,527 4,406 1,469 2,937 2,309 2,121 ..

12,971 3,631 2,265 1,365 1,335 9,340 620

16,625 4,786 1,655 3,131 2,829 11,839 2,720

17,598 7,150 4,040 3,110 2,489 10,448 2,600

20,978 9,295 2,463 6,832 4,778 11,683 3,100

19,120 10,880 2,325 8,555 7,237 8,240 1,750

19,351 10,511 2,852 7,660 5,518 8,840 900

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,916 2,083 568 1,515 473 832 110

7,423 4,732 2,231 2,500 1,735 2,692 ..

6,559 2,311 1,123 1,189 968 4,248 ..

6,541 2,348 1,159 1,189 481 4,193 ..

11,362 2,789 1,067 1,722 847 8,573 ..

6,130 2,012 1,114 898 809 4,118 ..

10,294 2,493 1,420 1,073 1,015 7,801 1,600

9,104 1,751 1,497 253 184 7,353 820

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,039 1,421 545 875 518 618 84

2,597 1,959 576 1,383 1,294 637 36

2,837 2,130 559 1,571 1,280 707 221

3,202 2,103 531 1,571 1,315 1,100 308

3,393 2,157 543 1,614 1,395 1,236 202

3,288 2,167 571 1,597 1,392 1,121 333

3,982 2,606 541 2,065 1,764 1,376 486

4,307 2,871 528 2,343 2,023 1,436 470

2,242 -170 98 24 0 -267 827 1,252 -425 -1,094 2,412 2,395 17

9,973 -380 -763 486 0 383 -134 574 -708 517 10,352 10,267 86

18,695 10,312 1,143 936 0 9,169 5,269 987 4,282 3,900 8,383 7,065 1,318

27,833 12,769 496 84 0 12,272 9,588 5,069 4,519 2,684 15,064 12,776 2,288

22,954 5,974 2,972 91 0 3,001 3,263 4,242 -979 -262 16,980 13,801 3,180

31,174 15,405 1,349 210 0 14,056 13,499 7,069 6,430 557 15,769 13,842 1,926

27,871 10,156 905 542 0 9,252 7,921 6,372 1,549 1,331 17,715 13,832 3,883

21,656 9,960 1,354 444 0 8,606 8,893 5,414 3,479 -287 11,696 9,936 1,760

97,730 16,835 17,675 655 1,610 8,916

141,300 25,787 31,762 3,566 3,346 14,787

275,802 47,549 60,660 9,875 4,031 27,766

319,936 66,675 81,232 14,866 4,101 31,386

354,809 71,884 87,718 14,954 4,019 36,444

366,035 70,775 87,626 13,695 4,450 42,758

365,778 67,796 91,730 12,045 4,166 46,408

286,091 49,740 73,795 5,649 4,680 46,104

203.6 35.1 30.5 8.4 18.9 26.0

145.3 26.5 39.8 15.0 25.9 39.5

134.8 23.2 20.5 12.3 24.7 43.3

110.7 23.1 15.4 14.4 21.6 42.5

106.8 21.6 21.2 13.5 21.1 47.5

126.8 24.5 14.0 12.1 18.7 47.7

149.5 27.7 21.9 12.1 17.0 45.8

223.3 38.8 28.1 10.7 16.3 41.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

59


COMOROS

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

234.5 204.0 204.0 204.0 2.4 0.0 0.0 .. .. 28.1 19.1

290.1 255.3 255.3 255.3 1.0 0.0 0.0 .. .. 33.7 30.7

280.6 250.7 250.7 250.7 25.4 0.0 0.0 .. .. 4.4 4.4

277.9 245.5 245.5 245.5 27.7 0.0 0.0 .. .. 4.7 4.7

255.7 223.5 223.5 223.5 28.0 0.0 0.0 .. .. 4.1 4.1

151.1 116.6 116.6 116.6 32.9 0.0 0.0 .. .. 1.6 1.6

145.0 112.5 112.5 112.5 30.9 0.0 0.0 .. .. 1.6 1.6

133.4 103.0 103.0 103.0 29.2 0.0 0.0 .. .. 1.3 1.3

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2.1 2.1 2.1 0.0 0.0 .. ..

3.3 3.3 3.3 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1.2 1.2 1.2 0.0 0.0 .. ..

2.6 2.6 2.6 0.0 0.0 .. ..

3.1 3.1 3.1 0.0 0.0 .. ..

2.2 2.2 2.2 0.0 0.0 .. ..

5.1 5.1 5.1 0.0 0.0 .. ..

0.3 0.3 0.3 0.0 0.0 .. ..

0.5 0.5 0.5 0.0 0.0 .. ..

6.6 6.6 6.6 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.8 0.8 0.8 0.0 0.0 .. ..

1.3 1.3 1.3 0.0 0.0 .. ..

1.1 1.1 1.1 0.0 0.0 .. ..

1.7 1.7 1.7 0.0 0.0 .. ..

2.3 2.3 2.3 0.0 0.0 .. ..

0.1 0.1 0.1 0.0 0.0 .. ..

0.1 0.1 0.1 0.0 0.0 .. ..

0.1 0.1 0.1 0.0 0.0 .. ..

2.4 2.3 0.3 1.4 -0.6 2.0 .. .. .. 2.0 0.1 0.1 ..

1.2 0.7 0.7 0.6 .. .. .. .. .. 0.0 0.6 0.6 ..

7.6 -0.7 -0.7 -1.7 2.4 .. .. .. .. 0.0 8.3 8.3 ..

23.3 0.2 0.2 -0.7 2.5 .. .. .. .. 0.0 23.1 23.1 ..

0.0 -4.9 -4.9 -0.7 0.2 .. .. .. .. 0.0 4.9 4.9 ..

8.7 4.4 4.4 0.0 4.8 .. .. .. .. 0.0 4.2 4.2 ..

4.2 -0.5 -0.5 0.0 .. .. .. .. .. 0.0 4.7 4.7 ..

-1.8 -7.0 -7.0 0.0 -0.4 .. .. .. .. 0.0 5.1 5.1 ..

204.2 .. .. .. .. 43.2

378.7 59.5 144.3 1.7 54.0 85.8

515.8 90.7 275.4 1.8 87.2 145.3

564.8 103.4 311.6 2.4 108.0 155.2

549.3 93.3 327.1 2.2 110.2 194.1

597.7 109.2 354.0 .. 115.9 173.4

622.5 103.8 334.6 .. 126.0 170.5

.. .. .. .. 128.8 199.9

.. 114.8 .. 12.0 70.7 18.4

487.1 76.6 6.8 11.6 71.5 29.6

309.5 54.4 4.7 1.6 72.7 51.8

268.7 49.2 3.8 1.7 71.4 55.8

274.0 46.5 12.8 1.6 67.4 75.9

138.4 25.3 0.4 1.1 42.9 114.8

139.7 23.3 0.6 1.1 43.0 117.5

.. .. .. 0.9 44.3 149.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Data include the effects of Paris Club debt restructuring agreements signed in 2010 and 2013, and the HIPC debt relief.

60


CONGO, DEMOCRATIC REPUBLIC OF

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

11,815 7,880 7,880 7,384 503 496 3 .. .. 3,432 3,042

10,695 9,403 9,403 9,033 914 370 1 .. .. 377 359

6,145 4,597 4,597 4,472 1,110 126 0 .. .. 438 267

5,508 4,022 4,022 4,008 1,258 14 0 .. .. 227 73

5,624 4,103 4,103 4,075 1,260 27 0 .. .. 262 71

6,177 4,470 4,470 4,452 1,262 18 0 .. .. 445 71

5,523 4,149 4,149 4,140 1,188 9 0 .. .. 186 71

5,435 4,155 4,155 4,144 1,098 11 0 .. .. 183 71

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0 0 0 0 0 .. ..

249 249 249 0 0 .. ..

78 78 58 20 0 .. ..

152 152 152 0 0 .. ..

242 242 226 17 0 .. ..

495 495 494 1 0 .. ..

116 116 116 0 0 .. ..

330 330 317 13 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0 0 0 0 0 .. ..

112 112 110 2 1 .. ..

89 89 85 4 0 .. ..

133 133 128 5 0 .. ..

108 108 105 4 0 .. ..

242 242 232 10 0 .. ..

260 260 253 8 0 .. ..

215 215 204 11 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0 0 0 0 0 .. ..

97 97 95 1 0 .. ..

125 125 124 0 0 .. ..

120 120 120 0 0 .. ..

168 168 168 0 0 .. ..

153 153 153 0 0 .. ..

146 146 146 0 0 .. ..

134 134 134 0 0 .. ..

103 31 0 .. 0 31 .. .. .. 31 72 72 ..

278 98 178 226 39 -80 -2 -1 -2 -78 180 180 ..

177 45 -8 17 19 54 16 .. 16 38 131 131 ..

-295 158 180 43 156 -22 -5 .. -5 -17 -453 1,687 -2,140

-49 171 121 73 .. 50 13 .. 13 37 -220 3,312 -3,532

2,530 435 262 2 .. 173 -10 .. -10 183 2,095 2,098 -3

1,426 -403 -137 -19 .. -267 -8 .. -8 -259 1,830 1,843 -14

1,653 73 74 -8 -38 -1 2 .. 2 -3 1,579 1,674 -94

18,700 .. .. .. .. ..

11,457 2,756 3,892 .. 9 131

19,613 8,915 11,931 131 16 1,300

22,553 10,379 13,071 .. 115 1,268

25,867 9,049 12,075 .. 12 1,633

27,204 12,054 16,428 .. 33 1,678

29,742 12,745 16,501 .. 22 1,557

32,447 10,463 13,412 .. 5 1,216

.. 63.2 .. 29.0 18.3 ..

388.1 93.3 7.9 3.5 28.5 1.2

68.9 31.3 3.1 7.1 42.2 21.1

53.1 24.4 2.5 4.1 43.5 23.0

62.1 21.7 3.1 4.7 41.7 29.0

51.2 22.7 3.3 7.2 36.7 27.2

43.3 18.6 3.2 3.4 35.8 28.2

51.9 16.8 3.7 3.4 35.4 22.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

61


CONGO, REPUBLIC OF

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

4,676 3,748 3,748 2,933 54 815 0 .. .. 874 664

6,293 5,465 5,465 3,287 40 2,179 0 .. .. 788 736

2,410 2,063 2,063 1,224 150 840 454 .. .. 197 76

2,632 2,329 2,329 1,402 155 927 454 .. .. 149 61

2,837 2,492 2,492 1,479 152 1,013 449 .. .. 193 60

3,449 3,072 3,072 1,977 148 1,095 436 .. .. 229 69

3,903 3,559 3,559 2,435 134 1,124 418 .. .. 210 68

4,204 3,650 3,650 2,563 123 1,087 399 .. .. 431 66

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1 1 1 0 0 .. ..

183 183 183 0 0 .. ..

504 504 502 2 0 .. ..

356 356 244 112 0 .. ..

472 472 251 221 0 .. ..

836 836 632 204 0 .. ..

839 839 618 221 0 .. ..

324 324 324 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6 6 6 0 0 .. ..

65 65 65 0 0 .. ..

116 116 104 12 0 .. ..

114 114 92 22 0 .. ..

141 141 106 35 5 .. ..

265 265 138 126 14 .. ..

262 262 135 128 18 .. ..

185 185 156 29 18 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

7 7 7 0 0 .. ..

34 34 34 0 0 .. ..

23 23 9 14 14 .. ..

20 20 6 14 14 .. ..

23 23 7 16 14 .. ..

31 31 13 18 16 .. ..

34 34 12 22 15 .. ..

30 30 13 18 17 .. ..

-107 -263 9 -3 14 -272 .. .. .. -272 156 156 0

831 30 117 30 0 -87 .. .. .. -87 801 801 ..

1,278 349 400 2 2 -51 -11 0 -11 -40 928 928 ..

2,394 214 158 2 6 56 89 0 89 -33 2,180 2,180 ..

2,525 373 142 5 -3 231 186 -5 190 45 2,152 2,152 ..

3,508 594 489 10 -5 105 78 -14 92 27 2,914 2,914 ..

6,056 554 478 10 -5 76 94 -18 112 -18 5,502 5,502 ..

1,843 357 163 11 -5 194 -29 -18 -11 223 1,486 1,486 ..

2,275 2,642 2,013 466 10 222

4,032 4,983 4,318 1,296 11 732

9,024 .. .. .. .. 4,447

10,713 .. .. .. .. 5,641

10,542 .. .. .. .. 5,550

11,050 .. .. .. .. 5,245

11,739 .. .. .. .. 4,926

8,466 .. .. .. .. 2,221

177.0 205.5 1.7 18.7 10.7 4.7

126.3 156.1 2.3 12.5 8.0 11.6

.. 26.7 .. 8.2 7.9 184.5

.. 24.6 .. 5.7 6.4 214.3

.. 26.9 .. 6.8 5.8 195.6

.. 31.2 .. 6.7 5.4 152.1

.. 33.2 .. 5.4 4.6 126.2

.. 49.7 .. 10.3 4.5 52.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

62


COSTA RICA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

4,692 3,699 3,513 1,922 31 1,591 1,542 187 .. 962 27

6,485 4,355 3,159 1,368 34 1,791 1,669 1,195 .. 2,097 2

8,154 5,482 3,822 2,196 241 1,626 1,435 1,660 .. 2,431 0

10,271 7,221 3,968 2,196 240 1,773 1,435 3,253 .. 2,810 0

14,310 11,166 4,977 2,192 241 2,786 2,435 6,189 .. 2,904 0

17,135 14,483 7,467 1,933 241 5,534 4,185 7,016 1,000 2,411 0

19,640 17,066 8,737 2,310 227 6,427 4,875 8,329 1,350 2,347 0

23,667 20,694 10,073 2,708 217 7,365 5,875 10,621 1,350 2,756 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

749 749 249 500 500 0 ..

982 75 75 0 0 906 ..

1,455 928 845 82 0 528 ..

1,797 773 269 504 250 1,023 ..

3,811 1,784 351 1,433 1,250 2,026 ..

5,840 3,648 418 3,230 2,000 2,191 1,000

4,991 2,025 669 1,356 1,000 2,966 350

4,786 1,625 597 1,028 1,000 3,161 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

392 375 338 37 30 17 ..

566 365 307 59 41 200 ..

617 342 256 86 0 275 ..

1,149 641 283 357 250 508 ..

1,647 742 323 420 250 904 ..

2,490 1,126 646 480 250 1,364 0

2,409 756 294 462 310 1,653 0

1,654 285 195 90 0 1,369 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

202 191 105 86 80 12 ..

177 105 62 43 39 72 ..

313 213 86 127 116 100 ..

397 200 85 115 105 197 ..

561 202 77 125 111 359 ..

728 253 70 183 169 475 0

997 387 57 330 260 610 65

1,020 815 93 722 577 205 75

1,155 536 -89 -27 0 625 446 470 -24 179 619 614 5

1,926 841 -231 -12 0 1,072 647 -41 688 425 1,085 1,078 7

2,543 1,026 590 512 0 437 249 .. 249 188 1,516 1,508 8

2,832 1,027 -14 17 0 1,041 662 .. 662 379 1,805 1,797 9

3,826 2,257 29 -1 0 2,228 2,135 1,000 1,135 93 1,569 1,560 9

5,363 2,857 -228 14 0 3,085 3,578 2,750 828 -493 2,505 2,491 14

4,571 2,518 375 5 0 2,142 2,207 1,040 1,167 -64 2,054 2,040 14

5,486 3,541 402 2 0 3,139 2,729 1,000 1,729 409 1,946 1,931 15

14,694 6,804 7,563 745 136 1,318

19,756 9,040 10,200 822 420 2,313

35,553 12,736 14,388 1,164 531 4,627

40,648 14,359 16,992 1,409 520 4,756

44,471 15,435 18,254 1,368 562 6,857

48,141 16,061 18,884 1,557 596 7,331

47,914 16,737 19,581 1,661 594 7,211

49,444 17,042 19,831 1,899 552 7,834

69.0 31.9 9.6 20.5 29.0 28.1

71.7 32.8 9.3 32.3 18.1 35.7

64.0 22.9 7.8 29.8 21.7 56.7

71.5 25.3 11.3 27.4 17.5 46.3

92.7 32.2 14.8 20.3 12.9 47.9

106.7 35.6 20.5 14.1 9.6 42.8

117.3 41.0 20.7 11.9 10.4 36.7

138.9 47.9 16.0 11.6 10.2 33.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. Short-term debt before 2005 is based on data from the BIS.

63


CÔTE D'IVOIRE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

12,060 10,546 9,063 6,669 599 2,394 2,343 1,482 .. 916 79

12,002 10,867 9,967 7,675 252 2,292 2,159 900 .. 883 883

11,693 10,420 9,403 9,290 861 112 0 1,018 .. 411 7

12,780 11,218 9,886 9,755 1,090 131 0 1,332 .. 472 5

9,502 7,500 5,010 3,788 1,265 1,222 0 2,490 .. 737 1

9,726 8,308 6,241 3,799 1,418 2,442 0 2,067 .. 0 0

9,608 8,115 6,422 3,278 1,492 3,144 753 1,693 .. 0 0

10,028 8,520 7,150 3,015 1,508 4,136 1,752 1,370 .. 0 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

148 148 148 0 0 0 ..

55 21 21 0 0 34 ..

599 244 218 26 0 355 ..

1,120 717 683 34 0 402 ..

2,094 1,274 95 1,178 0 820 ..

1,982 1,982 726 1,256 0 0 ..

1,197 1,197 443 754 753 0 ..

1,462 1,462 462 1,000 1,000 0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

442 329 283 46 46 113 ..

164 21 21 0 0 143 ..

623 438 438 0 0 185 ..

568 348 338 9 0 220 ..

533 267 258 10 0 266 ..

763 340 305 35 0 423 ..

641 267 216 51 0 374 ..

453 129 120 8 0 324 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

462 342 189 153 153 120 ..

46 3 3 0 0 43 ..

114 58 58 0 0 56 ..

137 67 67 0 0 70 ..

169 50 50 0 0 119 ..

279 188 54 134 0 91 ..

346 322 36 286 151 24 ..

284 263 31 231 97 21 ..

-508 -744 -174 18 -39 -570 -159 -46 -113 -411 236 235 1

117 -200 -90 0 -91 -109 -109 .. -109 0 316 302 14

413 40 -176 -26 44 216 196 .. 196 20 373 371 2

1,175 853 583 -46 238 270 207 .. 207 63 322 322 ..

2,187 2,002 10 -29 173 1,992 1,722 .. 1,722 269 185 155 30

766 632 570 51 149 62 798 .. 798 -736 135 134 1

1,161 722 393 82 166 330 330 753 -423 0 439 439 ..

1,521 1,091 423 166 82 668 668 1,000 -332 0 430 430 ..

9,715 4,512 4,423 284 119 674

16,433 8,717 8,215 370 163 1,367

23,972 12,811 11,907 562 373 3,624

24,393 13,859 10,664 612 397 4,316

26,178 13,316 13,116 578 367 3,928

29,882 13,192 13,175 651 385 4,243

32,930 14,106 13,302 .. 385 4,478

29,424 10,786 11,109 .. 385 4,716

267.3 124.1 22.7 7.6 24.5 5.6

137.7 73.0 3.5 7.4 25.7 11.4

91.3 48.8 5.9 3.5 20.3 31.0

92.2 52.4 5.3 3.7 18.5 33.8

71.4 36.3 5.5 7.8 5.6 41.3

73.7 32.5 7.9 0.0 6.9 43.6

68.1 29.2 7.1 0.0 7.6 46.6

93.0 34.1 7.4 0.0 9.3 47.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt is based on data from the BIS. Data include the effects of Paris Club agreement signed in 2011, 2012 and HIPC and MDRI debt relief.

64


DJIBOUTI

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

297.7 238.3 238.3 238.3 14.9 0.0 0.0 .. .. 44.5 6.5

486.5 378.9 378.9 373.3 20.4 5.6 0.0 .. .. 87.2 9.2

778.5 621.5 621.5 601.1 35.5 20.4 0.0 .. .. 121.5 0.5

779.1 650.8 650.8 633.6 39.7 17.2 0.0 .. .. 88.6 0.6

811.7 641.9 641.9 628.1 57.5 13.8 0.0 .. .. 112.3 1.3

828.3 672.7 672.7 662.3 57.6 10.4 0.0 .. .. 97.9 1.4

949.5 819.6 819.6 811.7 52.9 7.9 0.0 .. .. 77.0 3.1

1,222.2 1,169.1 1,169.1 1,164.2 49.1 4.9 0.0 .. .. 4.0 4.0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

7.7 7.7 7.7 0.0 0.0 .. ..

26.5 26.5 26.5 0.0 0.0 .. ..

35.2 35.2 35.2 0.0 0.0 .. ..

55.7 55.7 55.7 0.0 0.0 .. ..

25.2 25.2 25.2 0.0 0.0 .. ..

63.9 63.9 63.9 0.0 0.0 .. ..

211.6 211.6 211.6 0.0 0.0 .. ..

405.4 405.4 405.4 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

8.4 8.4 8.4 0.0 0.0 .. ..

11.0 11.0 11.0 0.0 0.0 .. ..

22.4 22.4 20.0 2.4 0.0 .. ..

26.5 26.5 23.6 2.9 0.0 .. ..

31.0 31.0 27.5 3.5 0.0 .. ..

31.7 31.7 28.1 3.7 0.0 .. ..

27.5 27.5 25.5 2.0 0.0 .. ..

28.4 28.4 25.8 2.7 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2.2 2.2 2.2 0.0 0.0 .. ..

3.7 3.7 3.7 0.0 0.0 .. ..

8.2 8.2 7.6 0.6 0.0 .. ..

9.2 9.2 8.6 0.7 0.0 .. ..

9.3 9.3 8.8 0.5 0.0 .. ..

9.5 9.5 9.1 0.4 0.0 .. ..

9.2 9.2 9.0 0.2 0.0 .. ..

15.3 15.3 15.1 0.1 0.0 .. ..

41.9 38.7 0.7 3.4 1.3 38.0 .. .. .. 38.0 3.3 3.3 ..

76.9 54.7 14.7 3.4 -0.8 40.0 .. .. .. 40.0 22.2 22.2 ..

49.0 12.5 11.9 -0.8 -3.3 0.6 -2.4 .. -2.4 3.0 36.5 36.5 ..

79.6 0.6 36.5 -1.7 4.4 -35.9 -2.9 .. -2.9 -33.0 79.0 79.0 ..

144.9 34.9 15.5 -2.0 17.7 19.5 -3.5 .. -3.5 23.0 110.0 110.0 ..

303.7 17.7 35.9 -3.4 0.0 -18.2 -3.7 .. -3.7 -14.5 286.0 286.0 ..

313.2 160.2 184.7 -2.4 -1.4 -24.5 -2.0 .. -2.0 -22.6 153.0 153.0 ..

425.6 301.6 378.2 -0.7 -1.5 -76.6 -2.7 .. -2.7 -74.0 124.0 124.0 ..

567.0 218.4 287.1 4.2 12.3 67.8

775.8 319.8 372.3 5.9 25.8 89.3

.. 453.6 498.3 6.8 32.6 249.0

.. 456.4 702.3 18.0 32.4 244.1

.. 503.1 742.4 7.2 33.3 248.6

.. 532.8 934.2 10.8 35.6 425.0

.. 552.5 1,042.2 5.9 35.5 393.1

.. 631.9 1,360.5 7.4 63.3 364.9

136.3 52.5 6.9 14.9 46.5 22.8

152.1 62.7 5.5 17.9 55.2 18.3

171.6 .. 7.9 15.6 52.1 32.0

170.7 .. 8.6 11.4 55.0 31.3

161.3 .. 8.6 13.8 51.8 30.6

155.5 .. 8.0 11.8 52.8 51.3

171.9 .. 7.1 8.1 45.2 41.4

193.4 .. 7.2 0.3 36.4 29.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement signed in 2008.

65


DOMINICA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

183.3 163.6 163.6 114.3 0.8 49.2 49.2 .. .. 19.0 0.0

294.2 241.3 241.3 173.0 12.4 68.2 65.7 .. .. 40.6 8.6

271.4 235.6 235.6 173.0 30.2 62.6 57.1 .. .. 5.5 1.5

280.4 247.6 247.6 182.3 27.3 65.2 58.9 .. .. 5.6 1.5

304.8 272.7 272.7 216.6 26.6 56.0 28.4 .. .. 5.6 1.5

309.9 280.4 280.4 227.1 23.8 53.3 28.4 .. .. 5.6 1.5

308.2 281.8 281.8 233.0 20.9 48.8 25.7 .. .. 5.5 1.5

314.2 282.1 282.1 235.3 26.5 46.8 25.7 .. .. 5.6 1.5

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

56.2 56.2 25.7 30.5 30.5 .. ..

4.5 4.5 4.5 0.0 0.0 .. ..

29.7 29.7 29.7 0.0 0.0 .. ..

21.1 21.1 18.3 2.8 1.8 .. ..

36.3 36.3 36.3 0.0 0.0 .. ..

21.5 21.5 21.5 0.0 0.0 .. ..

20.2 20.2 20.2 0.0 0.0 .. ..

20.9 20.9 20.9 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6.8 6.8 6.8 0.0 0.0 .. ..

9.6 9.6 9.6 0.0 0.0 .. ..

9.8 9.8 9.8 0.1 0.0 .. ..

9.4 9.4 9.2 0.2 0.0 .. ..

7.8 7.8 7.6 0.2 0.0 .. ..

9.9 9.9 8.0 1.9 0.0 .. ..

11.5 11.5 9.1 2.3 0.4 .. ..

14.3 14.3 12.3 2.0 0.1 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3.1 3.1 2.9 0.2 0.2 .. ..

5.8 5.8 4.3 1.5 1.5 .. ..

5.4 5.4 3.8 1.6 1.5 .. ..

5.3 5.3 3.9 1.4 1.4 .. ..

9.0 9.0 4.2 4.8 3.8 .. ..

7.0 7.0 4.7 2.3 1.4 .. ..

7.2 7.2 5.1 2.1 1.4 .. ..

6.8 6.8 4.8 2.0 1.4 .. ..

69.2 49.5 18.8 0.6 .. 30.7 30.5 30.5 .. 0.2 19.6 19.6 ..

-15.3 -37.0 -2.0 0.0 3.2 -35.0 0.0 0.0 0.0 -35.0 21.7 21.7 ..

28.8 18.7 18.8 -0.5 -1.1 -0.1 0.0 0.0 -0.1 0.0 10.0 10.0 ..

15.5 8.7 6.1 -0.1 -2.9 2.6 2.6 1.8 0.8 0.0 6.8 6.8 ..

43.4 27.7 27.9 -0.3 -0.8 -0.2 -0.2 0.0 -0.2 0.0 15.7 15.7 ..

18.9 8.8 10.8 0.7 -2.7 -1.9 -1.9 0.0 -1.9 0.0 10.0 10.0 ..

38.7 7.1 9.5 0.0 -1.6 -2.4 -2.3 -0.4 -1.9 -0.1 31.6 31.6 ..

45.4 13.3 15.1 0.3 6.5 -1.9 -2.0 -0.1 -1.9 0.1 32.2 32.2 ..

296.5 149.2 227.1 33.0 13.5 29.4

341.5 135.3 231.0 22.7 21.8 49.2

484.4 180.2 280.1 7.8 22.9 76.1

490.9 195.9 280.3 5.0 22.9 81.1

475.5 165.0 274.0 5.1 23.2 94.6

487.1 174.3 267.7 5.4 23.6 87.1

507.5 221.9 300.0 .. 26.6 101.4

497.0 216.6 287.5 .. 33.2 126.2

122.9 61.8 7.4 10.4 45.5 16.0

217.5 86.2 12.9 13.8 42.8 16.7

150.6 56.0 9.2 2.0 43.1 28.0

143.2 57.1 9.1 2.0 43.5 28.9

184.7 64.1 12.6 1.8 42.0 31.0

177.8 63.6 11.4 1.8 42.4 28.1

138.9 60.7 9.2 1.8 41.7 32.9

145.1 63.2 10.8 1.8 42.2 40.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

66


DOMINICAN REPUBLIC

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

4,618 3,381 3,381 2,625 93 756 506 0 0 1,144 28

7,752 6,419 6,418 3,257 446 3,160 561 2 0 887 20

13,499 10,283 9,441 6,376 1,461 3,065 1,134 843 843 1,754 0

15,097 11,675 10,762 7,119 1,623 3,643 1,826 913 843 1,800 0

22,102 18,835 11,983 8,159 1,513 3,824 1,826 6,852 1,137 1,753 0

23,958 20,888 14,175 9,088 1,317 5,086 3,312 6,713 887 1,753 0

26,262 22,973 15,693 9,024 803 6,669 4,812 7,280 1,375 2,486 0

26,632 23,119 15,788 5,654 403 10,135 8,312 7,330 1,575 3,110 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

314 314 150 164 0 .. ..

665 664 372 292 0 2 ..

2,111 2,111 1,176 935 750 0 ..

2,165 2,120 1,117 1,003 750 45 ..

2,840 1,843 1,458 385 0 998 550

3,558 3,112 1,554 1,558 1,500 446 0

3,831 2,828 800 2,028 1,500 1,003 488

6,089 5,013 1,071 3,942 3,500 1,076 200

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

264 264 223 40 4 .. ..

462 462 184 278 20 .. ..

799 798 311 487 105 0 ..

796 788 376 412 58 8 ..

1,521 625 407 218 0 897 431

1,647 932 608 324 14 714 250

1,904 1,223 847 376 0 681 0

3,784 2,758 2,330 428 0 1,026 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

211 211 159 53 38 .. ..

212 212 109 103 16 0 ..

444 336 156 181 76 108 108

584 473 176 297 191 111 108

919 448 198 250 140 471 90

958 484 204 280 172 475 95

821 573 197 376 281 248 83

1,021 774 192 583 459 247 124

1,151 281 -73 17 0 355 124 -4 127 231 869 869 ..

1,572 400 407 26 220 -7 16 -20 35 -23 1,172 1,172 ..

3,515 1,695 1,247 116 383 447 448 645 -197 -1 1,820 1,820 ..

3,783 1,585 912 -14 171 674 628 692 -64 46 2,198 2,198 ..

4,578 1,162 941 58 -110 221 268 119 149 -47 3,416 3,416 ..

3,314 1,714 748 -15 -197 966 966 1,236 -270 0 1,600 1,600 ..

4,577 2,202 -504 -9 -457 2,707 1,974 1,988 -15 733 2,375 2,375 ..

4,765 2,561 -1,627 55 -368 4,188 3,564 3,700 -136 624 2,204 2,204 ..

22,955 6,202 9,130 1,068 1,839 627

32,100 8,013 11,183 1,765 2,719 1,920

52,559 13,525 20,983 1,698 3,887 3,849

56,174 14,889 23,081 1,949 4,241 4,086

58,246 15,754 23,634 1,972 4,262 3,528

58,204 16,539 23,222 2,629 4,486 4,679

60,704 17,476 23,925 2,745 4,810 4,840

64,059 17,615 23,601 2,419 5,196 5,247

74.5 20.1 8.5 24.8 25.2 13.6

96.7 24.1 9.1 11.4 23.4 24.8

99.8 25.7 10.5 13.0 22.8 28.5

101.4 26.9 10.8 11.9 22.2 27.1

140.3 37.9 16.5 7.9 16.0 16.0

144.9 41.2 17.2 7.3 16.3 19.5

150.3 43.3 18.4 9.5 13.7 18.4

151.2 41.6 29.7 11.7 15.6 19.7

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are based on country reports. Short-term debt before 2009 and 2014 onward is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement signed in 2005.

67


ECUADOR

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

19,637 18,650 17,215 5,973 191 11,241 10,198 1,435 .. 797 3

22,761 21,116 16,447 6,051 125 10,396 10,094 4,668 .. 1,520 1

16,248 15,005 9,924 7,699 444 2,225 2,070 5,082 .. 798 37

16,860 16,368 10,988 9,036 443 1,952 1,829 5,380 .. 50 46

17,122 16,630 10,880 9,200 443 1,681 1,589 5,750 .. 48 44

19,100 18,369 12,575 11,063 444 1,512 1,349 5,794 .. 287 43

24,399 23,692 17,198 11,626 418 5,572 3,108 6,494 .. 289 37

27,273 26,598 19,438 13,224 400 6,214 2,218 7,160 .. 274 37

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

990 609 538 71 0 381 ..

3,154 991 318 674 650 2,162 ..

2,977 2,307 2,305 2 0 670 ..

3,386 2,358 2,358 1 0 1,028 ..

2,338 1,352 1,352 0 0 986 ..

4,248 3,145 3,044 101 0 1,102 ..

8,676 6,204 1,866 4,337 2,000 2,472 ..

7,245 4,636 2,770 1,867 0 2,609 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,076 559 399 160 10 517 ..

3,168 1,043 802 241 120 2,125 ..

1,499 877 592 285 246 623 ..

2,089 1,300 1,027 274 240 789 ..

2,158 1,438 1,167 271 240 720 ..

2,523 1,432 1,162 270 240 1,091 ..

3,293 1,521 1,252 269 240 1,772 ..

4,004 2,313 1,101 1,212 890 1,691 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,186 1,014 298 716 616 172 ..

1,067 882 277 605 590 185 ..

486 347 258 89 80 139 ..

552 378 295 83 75 174 ..

689 497 417 80 74 193 ..

850 658 577 81 70 192 ..

947 741 536 206 145 206 ..

1,251 1,030 530 500 222 221 ..

-117 -191 289 -22 150 -480 -226 -10 -216 -254 74 74 0

108 -413 -679 -36 -195 266 470 530 -60 -203 521 519 2

1,358 880 1,713 -87 0 -833 -235 -246 11 -597 478 478 0

1,122 540 1,331 -80 0 -791 -33 -240 207 -757 582 580 2

712 180 185 -72 0 -6 -6 -240 235 0 532 528 5

2,700 1,964 1,882 -68 0 82 -157 -240 83 240 736 734 2

6,554 5,391 615 -51 0 4,777 4,768 1,760 3,009 9 1,163 1,162 1

4,499 3,226 1,668 78 0 1,558 1,572 -890 2,463 -15 1,273 1,272 2

16,916 6,163 6,403 329 1,322 947

39,692 11,693 13,880 1,004 2,460 1,714

68,515 19,687 23,754 546 2,599 1,435

78,016 24,754 27,880 701 2,681 1,664

86,620 26,481 29,115 677 2,476 1,080

93,396 27,738 31,069 684 2,459 3,328

99,359 29,056 31,894 666 2,472 3,484

99,127 21,536 25,814 600 2,388 2,085

318.6 116.1 38.5 4.1 18.9 4.8

194.7 57.3 38.9 6.7 16.1 7.5

82.5 23.7 10.4 4.9 32.0 8.8

68.1 21.6 10.7 0.3 30.9 9.9

64.7 19.8 10.8 0.3 30.2 6.3

68.9 20.5 12.2 1.5 27.8 17.4

84.0 24.6 14.6 1.2 23.3 14.3

126.6 27.5 24.4 1.0 26.2 7.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

68


EGYPT, ARAB REPUBLIC OF

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

29,194 24,913 24,340 23,790 177 550 0 573 100 4,104 0

30,533 28,683 28,590 25,774 194 2,816 1,829 93 .. 1,656 2

36,742 32,210 32,156 28,230 1,384 3,926 3,333 54 .. 3,149 0

35,145 30,740 30,724 27,446 1,379 3,278 2,750 16 .. 3,026 0

40,003 31,965 31,945 28,687 1,381 3,258 2,750 20 .. 6,657 0

46,473 42,273 42,261 36,046 1,384 6,215 5,850 12 .. 2,816 0

41,677 37,054 37,033 33,407 1,302 3,626 3,350 21 .. 3,321 0

46,585 40,915 40,893 37,865 1,245 3,028 2,100 23 .. 4,424 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

569 362 218 144 0 207 ..

3,090 3,090 1,114 1,976 1,250 .. ..

3,617 3,612 1,903 1,709 1,500 5 ..

1,510 1,480 1,459 21 0 30 ..

3,688 3,663 3,608 55 0 25 ..

13,145 13,127 10,002 3,125 3,100 17 ..

1,646 1,621 1,601 20 0 25 ..

9,040 9,010 8,267 744 0 29 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,100 984 862 122 0 116 ..

1,576 1,576 1,346 230 0 .. ..

2,162 2,137 2,062 75 0 25 ..

2,853 2,786 2,124 662 583 68 ..

2,245 2,224 2,149 75 0 22 ..

2,625 2,600 2,421 179 0 25 ..

5,117 5,101 2,529 2,572 2,500 16 ..

4,138 4,110 2,798 1,312 1,250 28 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

619 603 572 31 0 16 12

621 616 547 69 51 4 ..

736 735 581 154 141 1 ..

726 726 563 163 150 0 ..

680 679 557 122 108 0 ..

665 665 531 134 121 0 ..

687 686 489 197 188 0 ..

704 704 511 193 176 0 ..

785 -720 -644 -54 .. -75 114 0 114 -189 1,504 1,235 269

7,556 1,451 -232 48 .. 1,682 1,746 1,250 496 -64 6,105 5,376 729

10,152 2,042 -160 649 .. 2,202 1,614 1,500 114 588 8,110 6,386 1,724

-2,660 -1,466 -665 198 .. -801 -678 -583 -95 -123 -1,194 -483 -711

10,122 5,074 1,459 264 .. 3,615 -16 0 -16 3,632 5,048 6,031 -983

10,503 6,678 7,581 275 .. -902 2,939 3,100 -161 -3,841 3,825 4,256 -431

2,131 -2,966 -928 348 .. -2,039 -2,543 -2,500 -43 505 5,097 4,612 485

12,904 6,005 5,469 751 .. 537 -567 -1,250 683 1,103 6,899 6,885 14

100,770 18,735 23,878 92 2,852 13,118

89,432 32,141 35,787 647 5,017 20,609

214,526 49,365 66,308 5,268 12,453 33,612

229,952 47,371 68,076 5,079 14,324 14,916

269,873 48,834 75,597 5,704 19,236 11,628

278,605 44,992 72,686 6,376 17,833 13,608

294,203 47,300 80,929 6,089 19,570 11,995

324,703 37,873 72,861 4,375 18,325 13,282

155.8 29.0 9.8 14.1 13.4 44.9

95.0 34.1 7.1 5.4 17.0 67.5

74.4 17.1 6.1 8.6 25.2 91.5

74.2 15.3 7.8 8.6 27.2 42.4

81.9 14.8 6.5 16.6 26.1 29.1

103.3 16.7 7.6 6.1 23.4 29.3

88.1 14.2 12.6 8.0 25.9 28.8

123.0 14.3 13.3 9.5 24.6 28.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

69


EL SALVADOR

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

4,535 2,858 2,746 2,541 33 205 82 111 .. 1,645 0

9,317 7,425 4,802 3,083 36 1,719 1,636 2,622 .. 1,856 0

11,060 9,972 6,403 4,183 252 2,220 2,199 3,569 .. 836 0

11,996 10,521 6,538 4,301 251 2,237 2,217 3,983 .. 1,223 0

13,035 11,257 7,372 4,339 252 3,033 2,362 3,885 38 1,526 0

13,539 11,434 7,275 4,242 252 3,033 2,336 4,159 38 1,853 0

14,533 12,277 8,055 4,041 237 4,014 3,269 4,223 38 2,018 0

14,982 12,737 7,923 3,909 227 4,014 3,268 4,815 38 2,018 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

372 321 201 120 32 51 ..

1,222 682 337 345 343 540 ..

1,055 707 707 0 0 348 ..

874 476 476 0 0 398 ..

1,448 1,173 522 652 0 274 38

1,006 364 337 27 0 642 0

1,765 1,132 281 851 800 633 0

1,166 243 229 13 0 923 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

163 130 126 4 0 33 ..

406 245 230 16 0 160 ..

604 455 388 68 0 149 ..

757 587 367 220 219 170 ..

628 453 452 1 0 175 0

559 392 391 1 0 167 0

679 410 409 1 0 269 0

524 331 320 11 0 194 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

140 133 124 9 8 7 ..

344 257 119 139 133 87 ..

465 350 117 233 232 115 ..

515 386 119 267 266 129 ..

503 373 121 252 251 130 0

532 403 121 282 251 129 2

543 414 116 299 251 129 0

601 476 112 363 315 125 0

975 802 75 16 0 726 134 32 102 592 173 173 ..

1,405 892 107 88 0 785 709 343 366 77 512 512 ..

705 423 320 345 0 104 131 0 131 -27 282 282 ..

673 504 109 98 0 395 8 -219 228 387 169 169 ..

1,656 1,123 70 -31 0 1,053 749 38 712 304 533 533 ..

922 774 -54 -20 0 827 501 0 501 327 148 148 ..

1,625 1,250 -128 0 0 1,378 1,213 800 414 165 375 375 ..

963 641 -91 -5 0 731 732 0 732 0 322 322 ..

12,881 2,650 4,878 60 1,764 1,773

16,604 3,517 7,173 181 3,029 1,721

20,880 5,028 9,190 190 3,472 2,568

22,521 5,940 10,882 203 3,644 2,151

22,922 6,170 11,456 577 3,896 2,805

23,359 6,492 12,161 642 3,955 2,476

23,980 6,550 12,097 709 4,151 2,430

24,713 6,791 12,082 726 4,285 2,740

171.1 35.2 14.2 36.3 42.7 39.1

264.9 56.1 24.2 19.9 26.3 18.5

220.0 53.0 21.5 7.6 32.0 23.2

201.9 53.3 21.6 10.2 30.7 17.9

211.3 56.9 18.6 11.7 29.0 21.5

208.6 58.0 17.1 13.7 27.6 18.3

221.9 60.6 19.0 13.9 24.8 16.7

220.6 60.6 17.0 13.5 23.3 18.3

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2005 are World Bank staff estimates based on reports provided by the country.

70


ERITREA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

329.7 298.0 298.0 298.0 19.8 0.0 0.0 .. .. 12.0 2.0

757.2 723.0 723.0 690.1 21.7 32.9 0.0 .. .. 12.6 1.6

1,041.5 1,002.0 1,002.0 964.1 23.3 38.0 0.0 .. .. 16.2 6.2

1,055.2 1,013.6 1,013.6 976.9 23.3 36.8 0.0 .. .. 18.4 7.4

994.1 952.1 952.1 914.7 23.3 37.5 0.0 .. .. 18.6 12.6

945.4 895.7 895.7 856.6 23.3 39.2 0.0 .. .. 26.3 16.3

907.7 829.1 829.1 794.6 22.0 34.5 0.0 .. .. 56.6 18.6

873.1 781.5 781.5 750.6 21.0 30.9 0.0 .. .. 70.6 20.9

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

50.7 50.7 50.7 0.0 0.0 .. ..

70.6 70.6 70.6 0.0 0.0 .. ..

8.6 8.6 8.6 0.0 0.0 .. ..

24.2 24.2 24.2 0.0 0.0 .. ..

26.8 26.8 26.8 0.0 0.0 .. ..

26.8 26.8 26.8 0.0 0.0 .. ..

20.2 20.2 20.2 0.0 0.0 .. ..

14.7 14.7 14.7 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.5 0.5 0.5 0.0 0.0 .. ..

11.8 11.8 11.8 0.0 0.0 .. ..

13.3 13.3 13.3 0.0 0.0 .. ..

14.0 14.0 14.0 0.0 0.0 .. ..

86.0 86.0 86.0 0.0 0.0 .. ..

81.4 81.4 81.4 0.0 0.0 .. ..

41.2 41.2 41.2 0.0 0.0 .. ..

29.9 29.9 29.9 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2.5 2.5 2.5 0.0 0.0 .. ..

8.4 8.4 8.4 0.0 0.0 .. ..

9.3 9.3 9.3 0.0 0.0 .. ..

7.9 7.9 7.9 0.0 0.0 .. ..

8.5 8.5 8.3 0.2 0.0 .. ..

6.4 6.4 6.2 0.2 0.0 .. ..

4.8 4.8 4.7 0.2 0.0 .. ..

4.1 4.1 3.9 0.2 0.0 .. ..

88.1 60.2 50.2 31.6 0.0 10.0 .. .. .. 10.0 27.9 27.9 ..

40.3 38.9 58.9 56.7 0.0 -20.0 .. .. .. -20.0 1.4 1.4 ..

88.3 -2.7 -4.7 -0.5 0.0 2.0 .. .. .. 2.0 91.0 91.0 ..

50.2 11.2 10.2 12.4 0.0 1.0 .. .. .. 1.0 39.0 39.0 ..

-22.9 -64.3 -59.3 0.0 0.0 -5.0 .. .. .. -5.0 41.4 41.4 ..

-6.7 -50.5 -54.5 0.0 0.0 4.0 .. .. .. 4.0 43.9 43.9 ..

53.5 7.0 -21.0 0.0 0.0 28.0 .. .. .. 28.0 46.5 46.5 ..

45.7 -3.6 -15.3 0.0 0.0 11.7 .. .. .. 11.7 49.3 49.3 ..

706.8 106.9 510.3 4.4 3.3 25.5

1,089.0 .. .. .. .. 27.9

2,097.4 .. .. .. .. 114.1

2,584.2 .. .. .. .. 114.8

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

308.5 46.6 4.3 3.6 46.1 7.7

.. 69.5 .. 1.7 67.4 3.7

.. 49.7 .. 1.6 62.5 11.0

.. 40.8 .. 1.7 63.1 10.9

.. .. .. 1.9 65.8 ..

.. .. .. 2.8 67.9 ..

.. .. .. 6.2 65.8 ..

.. .. .. 8.1 65.6 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed debt from 2010 are World Bank staff estimates. Short-term debt is based on data from the BIS.

71


ETHIOPIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

5,516 5,339 5,339 5,226 92 113 0 .. .. 86 65

6,229 5,925 5,925 5,561 176 364 0 .. .. 128 36

7,335 6,547 6,547 4,638 485 1,909 0 .. .. 302 30

8,610 7,945 7,945 5,685 484 2,259 0 .. .. 181 30

10,461 9,941 9,941 7,218 484 2,723 0 .. .. 36 26

12,575 11,886 11,886 8,980 485 2,905 0 .. .. 204 28

16,589 15,846 15,846 11,374 452 4,472 1,000 .. .. 292 28

20,414 19,467 19,467 13,070 397 6,396 1,000 .. .. 550 28

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

185 185 184 2 0 .. ..

527 527 400 127 0 .. ..

1,760 1,760 1,021 739 0 .. ..

1,693 1,693 1,157 537 0 .. ..

2,309 2,309 1,645 664 0 .. ..

2,399 2,399 1,889 510 0 .. ..

4,915 4,915 2,949 1,966 1,000 .. ..

4,615 4,615 2,199 2,416 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

72 72 62 10 0 .. ..

36 36 25 11 0 .. ..

130 130 39 91 0 .. ..

259 259 80 179 0 .. ..

328 328 122 206 0 .. ..

503 503 162 341 0 .. ..

567 567 204 364 0 .. ..

681 681 224 456 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

52 52 48 4 0 .. ..

49 49 40 10 0 .. ..

50 50 35 15 0 .. ..

91 91 52 38 0 .. ..

103 103 58 46 0 .. ..

159 159 96 63 0 .. ..

189 189 130 59 0 .. ..

303 303 155 147 66 .. ..

231 96 109 116 -13 -12 -8 .. -8 -4 135 135 ..

808 542 371 162 -4 171 116 .. 116 55 265 265 ..

2,116 1,828 1,105 385 122 722 647 .. 647 75 288 288 ..

1,940 1,313 1,077 422 0 237 358 .. 358 -121 627 627 ..

2,119 1,840 1,524 589 0 317 458 .. 458 -141 279 279 ..

3,344 2,062 1,727 842 0 335 169 .. 169 166 1,281 1,281 ..

6,562 4,430 2,741 855 -5 1,690 1,602 1,000 602 88 2,132 2,132 ..

6,325 4,158 1,940 686 -36 2,218 1,960 .. 1,960 258 2,168 2,168 ..

8,182 1,008 1,673 9 53 306

12,365 1,973 4,943 21 174 1,043

29,826 4,652 9,982 35 345 ..

31,883 5,824 11,736 23 513 ..

43,215 6,003 14,235 6 624 ..

47,541 .. .. .. 624 ..

55,459 .. .. .. 624 ..

61,275 .. .. .. 624 ..

547.0 67.4 13.7 1.6 49.9 5.6

315.7 50.4 4.8 2.1 75.5 16.7

157.7 24.6 3.9 4.1 38.3 ..

147.8 27.0 6.1 2.1 39.6 ..

174.3 24.2 7.2 0.3 39.3 ..

.. 26.4 .. 1.6 42.1 ..

.. 29.9 .. 1.8 36.0 ..

.. 33.3 .. 2.7 32.3 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

72


FIJI

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

194.5 174.3 174.3 174.2 9.1 0.0 0.0 .. .. 11.2 0.2

302.7 185.4 185.4 185.4 9.9 0.0 0.0 .. .. 107.4 0.4

570.2 388.8 388.3 238.3 103.3 150.0 150.0 0.5 .. 78.1 0.1

847.4 544.3 543.8 293.8 103.0 250.0 250.0 0.5 .. 200.1 0.1

744.6 609.4 608.9 358.9 103.1 250.0 250.0 0.5 .. 32.1 0.1

794.1 653.9 653.5 403.5 103.3 250.0 250.0 0.5 .. 36.8 0.6

866.4 701.3 700.9 450.9 97.2 250.0 250.0 0.4 .. 67.9 0.0

871.3 697.4 697.0 447.0 93.0 250.0 250.0 0.4 .. 80.9 0.0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

7.1 7.1 7.1 0.0 0.0 .. ..

14.1 14.1 14.1 0.0 0.0 .. ..

32.6 32.6 32.6 0.0 0.0 0.0 ..

315.4 315.4 65.4 250.0 250.0 0.0 ..

78.3 78.2 78.2 0.0 0.0 0.1 ..

59.8 59.8 59.8 0.0 0.0 0.0 ..

70.5 70.5 70.5 0.0 0.0 0.0 ..

26.0 26.0 26.0 0.0 0.0 0.0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

17.5 17.5 17.5 0.0 0.0 .. ..

8.5 8.5 8.5 0.0 0.0 .. ..

9.1 9.1 9.1 0.0 0.0 0.0 ..

163.6 163.6 13.6 150.0 150.0 0.1 ..

11.2 11.2 11.2 0.0 0.0 0.1 ..

15.1 15.0 15.0 0.0 0.0 0.1 ..

21.1 21.0 21.0 0.0 0.0 0.1 ..

16.4 16.4 16.4 0.0 0.0 0.0 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

7.9 7.9 7.9 0.0 0.0 .. ..

5.5 5.5 5.5 0.0 0.0 .. ..

13.3 13.3 3.0 10.3 10.3 0.0 ..

24.9 24.9 3.3 21.6 21.6 0.0 ..

26.7 26.7 4.2 22.5 22.5 0.0 ..

27.9 27.9 5.4 22.5 22.5 0.0 ..

29.5 29.5 7.0 22.5 22.5 0.0 ..

30.0 30.0 7.5 22.5 22.5 0.0 ..

-2.5 0.6 -10.4 -6.8 0.0 11.0 0.0 .. 0.0 11.0 -3.1 -3.1 ..

209.7 52.5 5.5 -2.3 0.0 47.0 .. .. .. 47.0 157.2 155.5 1.7

395.9 45.5 23.5 0.0 0.0 22.0 0.0 .. 0.0 22.0 350.4 350.3 0.1

678.4 273.8 51.8 0.0 0.0 222.0 100.0 100.0 0.0 122.0 404.6 404.6 -0.1

160.0 -100.9 67.1 0.0 0.0 -168.0 0.0 .. 0.0 -168.0 261.0 261.0 ..

176.7 49.0 44.8 0.0 0.0 4.3 0.0 .. 0.0 4.3 127.7 127.7 ..

423.8 81.0 49.5 0.0 0.0 31.5 -0.1 .. -0.1 31.6 342.8 342.8 ..

355.1 22.7 9.6 0.0 0.0 13.0 0.0 .. 0.0 13.0 332.4 332.4 ..

1,717.4 1,021.5 1,134.8 7.5 43.3 411.8

3,050.1 1,692.3 2,038.6 132.8 203.3 320.9

3,043.1 1,887.6 2,186.3 143.4 175.6 719.4

3,660.4 2,341.4 2,679.3 171.2 160.4 832.2

3,835.1 2,503.2 2,771.2 168.2 190.6 920.0

4,115.6 2,465.9 3,077.4 122.3 203.6 940.9

4,332.9 2,544.8 3,125.6 230.2 220.9 915.2

4,167.6 2,207.9 2,540.4 209.1 251.3 917.9

19.0 11.3 2.6 5.8 45.6 211.7

17.9 9.9 0.9 35.5 30.3 106.0

30.2 18.7 1.2 13.7 19.9 126.2

36.2 23.1 8.2 23.6 14.7 98.2

29.7 19.4 1.6 4.3 18.0 123.6

32.2 19.3 1.8 4.6 17.5 118.5

34.0 20.0 2.0 7.8 15.9 105.6

39.5 20.9 2.2 9.3 14.9 105.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data for 2012 are World Bank staff estimates. Short-term debt is based on data from the BIS.

73


GABON

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

3,920 3,457 3,457 3,338 107 119 0 .. .. 355 63

3,897 3,564 3,564 3,444 88 119 0 .. .. 245 186

2,524 2,128 2,128 884 226 1,244 879 .. .. 170 0

2,798 2,388 2,388 929 225 1,459 879 .. .. 185 0

2,870 2,533 2,533 981 225 1,552 875 .. .. 111 0

4,323 3,824 3,824 1,257 226 2,567 1,718 .. .. 273 0

4,303 4,018 4,018 1,416 213 2,602 1,718 .. .. 73 0

5,097 4,436 4,436 1,468 203 2,968 2,218 .. .. 458 2

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

34 34 13 21 0 .. ..

18 18 18 0 0 .. ..

466 466 189 276 0 .. ..

549 549 216 333 0 .. ..

385 385 165 221 0 .. ..

2,112 2,112 317 1,795 1,500 .. ..

598 598 301 297 0 .. ..

780 780 181 598 500 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

188 188 160 27 0 .. ..

112 112 63 48 0 .. ..

291 291 171 120 23 .. ..

256 256 165 91 0 .. ..

259 259 118 142 4 .. ..

879 879 66 813 657 .. ..

239 239 78 161 0 .. ..

201 201 59 142 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

124 124 118 7 0 .. ..

52 52 46 7 0 .. ..

131 131 32 99 74 .. ..

127 127 30 97 72 .. ..

130 130 28 102 73 .. ..

246 246 31 215 191 .. ..

159 159 30 130 114 .. ..

190 190 33 157 131 .. ..

-208 -363 -140 -4 8 -223 -7 .. -7 -216 154 154 ..

262 -59 -70 -7 -25 11 -48 .. -48 59 321 321 ..

741 242 19 6 0 223 156 -23 178 67 499 499 ..

1,003 307 51 14 0 257 242 .. 242 15 696 696 ..

884 52 47 -2 0 5 79 -4 83 -74 832 832 ..

2,166 1,394 251 1 0 1,144 982 843 138 162 771 771 ..

1,170 159 223 1 0 -64 136 .. 136 -200 1,011 1,011 ..

1,585 961 122 24 0 839 456 500 -44 383 624 624 ..

4,289 3,541 2,477 473 6 190

8,501 5,639 3,387 765 11 669

12,472 .. .. .. .. 1,736

15,691 .. .. .. .. 2,157

15,458 .. .. .. .. 2,352

15,886 .. .. .. .. 3,004

17,233 .. .. .. .. 2,478

13,482 .. .. .. .. 1,863

110.7 91.4 10.0 9.1 11.9 4.8

69.1 45.8 3.4 6.3 10.1 17.2

.. 20.2 .. 6.7 15.5 68.8

.. 17.8 .. 6.6 16.4 77.1

.. 18.6 .. 3.9 17.2 81.9

.. 27.2 .. 6.3 12.0 69.5

.. 25.0 .. 1.7 12.0 57.6

.. 37.8 .. 9.0 9.1 36.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

74


GAMBIA, THE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

490.1 438.0 438.0 437.0 24.8 1.0 0.0 .. .. 27.3 0.0

667.1 616.5 616.5 616.5 28.1 0.0 0.0 .. .. 22.4 1.4

550.5 428.9 428.9 422.5 77.0 6.4 0.0 .. .. 44.7 2.7

512.7 430.9 430.9 426.8 80.3 4.1 0.0 .. .. 1.4 1.4

548.1 431.1 431.1 421.5 94.4 9.6 0.0 .. .. 22.6 1.6

553.4 446.1 446.1 435.2 95.5 11.0 0.0 .. .. 11.8 1.8

524.2 423.9 423.9 415.0 86.8 8.9 0.0 .. .. 13.5 3.5

526.8 426.8 426.8 420.7 88.4 6.2 0.0 .. .. 11.5 2.8

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

20.7 20.7 20.7 0.0 0.0 .. ..

54.3 54.3 54.3 0.0 0.0 .. ..

43.3 43.3 36.9 6.4 0.0 .. ..

24.3 24.3 24.3 0.0 0.0 .. ..

25.2 25.2 17.9 7.3 0.0 .. ..

37.0 37.0 33.9 3.1 0.0 .. ..

39.6 39.6 38.3 1.3 0.0 .. ..

42.7 42.7 42.7 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

12.7 12.7 12.3 0.4 0.0 .. ..

16.1 16.1 15.8 0.3 0.0 .. ..

16.8 16.8 13.5 3.2 0.0 .. ..

19.8 19.8 17.5 2.2 0.0 .. ..

19.1 19.1 17.0 2.1 0.0 .. ..

21.7 21.7 19.6 2.2 0.0 .. ..

38.9 38.9 36.9 2.1 0.0 .. ..

27.8 27.8 26.0 1.8 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6.0 6.0 5.9 0.1 0.0 .. ..

9.4 9.4 9.4 0.0 0.0 .. ..

6.6 6.6 6.6 0.0 0.0 .. ..

6.7 6.7 6.6 0.1 0.0 .. ..

6.5 6.5 6.3 0.2 0.0 .. ..

5.5 5.5 5.3 0.1 0.0 .. ..

5.2 5.2 5.1 0.1 0.0 .. ..

5.1 5.1 5.0 0.1 0.0 .. ..

20.6 20.6 15.8 5.4 7.5 4.8 -0.4 .. -0.4 5.2 .. .. ..

86.9 33.2 36.5 15.6 -2.0 -3.3 -0.3 .. -0.3 -3.0 53.7 53.7 ..

67.9 30.5 26.4 1.9 3.0 4.2 3.2 .. 3.2 1.0 37.4 37.4 ..

2.4 -33.8 10.4 -0.8 3.7 -44.2 -2.2 .. -2.2 -42.0 36.2 36.2 ..

74.6 41.1 14.9 -1.2 13.9 26.3 5.3 .. 5.3 21.0 33.5 33.5 ..

42.8 5.1 15.2 -1.2 0.8 -10.1 0.9 .. 0.9 -11.0 37.6 37.6 ..

25.8 -2.6 -1.8 -0.5 -3.2 -0.8 -0.8 .. -0.8 0.0 28.4 28.4 ..

29.7 19.1 22.2 -0.2 5.5 -3.1 -1.8 .. -1.8 -1.3 10.6 10.6 ..

752.7 .. .. .. .. 109.4

591.8 189.8 305.0 26.9 59.3 98.3

944.4 284.9 341.3 11.5 115.7 201.6

888.5 318.9 392.8 11.3 107.9 223.2

893.9 343.8 467.6 10.2 141.0 236.2

881.4 .. .. .. 137.1 210.6

822.1 .. .. .. 152.5 159.3

.. .. .. .. 155.9 ..

.. 65.1 .. 5.6 70.1 22.3

351.5 112.7 15.1 3.4 75.3 14.7

193.2 58.3 8.5 8.1 54.9 36.6

160.7 57.7 8.4 0.3 60.8 43.5

159.5 61.3 7.6 4.1 57.2 43.1

.. 62.8 .. 2.1 57.8 38.0

.. 63.8 .. 2.6 59.6 30.4

.. .. .. 2.2 58.6 0.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

75


GEORGIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,826 1,316 1,274 1,272 466 2 0 42 .. 44 1

2,151 1,663 1,531 1,529 438 2 0 132 .. 50 11

9,656 7,284 4,141 2,450 1,272 1,691 750 3,143 .. 1,101 7

11,360 8,605 4,343 2,706 1,210 1,637 815 4,262 .. 1,546 84

12,398 9,274 4,876 3,097 965 1,778 1,065 4,399 750 2,159 366

13,467 10,806 5,227 3,384 580 1,843 1,000 5,579 750 2,081 363

14,035 11,464 5,454 3,526 420 1,928 1,000 6,010 750 2,151 375

14,854 12,444 5,664 3,712 330 1,952 750 6,781 900 2,080 20

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

65 37 37 0 0 28 ..

146 76 76 0 0 69 ..

1,190 815 401 414 250 375 ..

1,785 843 343 500 500 942 ..

1,625 690 431 258 250 935 750

1,236 332 326 6 0 904 0

1,299 458 458 0 0 841 0

2,276 464 455 9 0 1,812 150

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

42 41 41 0 0 2 ..

103 80 80 0 0 23 ..

510 169 71 97 0 342 ..

1,199 620 67 553 435 579 ..

933 165 48 118 0 768 0

811 238 56 182 65 573 0

1,113 97 97 0 0 1,016 0

1,319 368 118 250 250 952 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

43 42 42 0 0 1 ..

28 24 24 0 0 4 ..

247 87 39 47 38 160 ..

307 139 35 104 94 167 ..

404 112 38 73 64 292 29

415 130 43 87 79 286 58

382 121 45 76 76 260 58

631 130 44 86 76 501 70

133 33 -29 18 -26 62 26 .. 26 36 100 100 ..

356 -30 -17 52 -13 -14 46 .. 46 -60 386 383 3

1,807 1,131 605 126 275 526 350 250 100 176 676 698 -22

1,728 895 216 140 -60 679 310 65 245 369 833 840 -7

1,760 778 139 147 -244 639 308 1,000 -692 331 981 908 74

935 -34 -113 99 -383 79 154 -65 219 -76 969 968 1

1,825 112 229 109 -132 -117 -175 0 -175 58 1,713 1,503 210

2,475 1,168 264 133 -73 904 619 -100 719 285 1,306 1,302 5

3,175 994 1,420 36 206 116

6,473 2,415 3,469 116 446 479

11,279 4,591 6,887 470 1,184 2,264

14,012 6,000 9,171 800 1,547 2,818

15,700 7,099 10,359 747 1,770 2,873

15,835 8,097 10,497 770 1,945 2,823

16,358 8,066 11,250 750 1,986 2,699

13,582 7,020 10,251 580 1,459 2,521

183.7 57.5 12.7 2.4 26.2 6.4

89.1 33.2 8.1 2.3 38.1 22.2

210.3 85.6 17.5 11.4 18.7 23.4

189.3 81.1 26.8 13.6 17.8 24.8

174.7 79.0 22.9 17.4 18.6 23.2

166.3 85.0 21.0 15.5 18.9 21.0

174.0 85.8 22.2 15.3 19.6 19.2

211.6 109.4 29.7 14.0 19.9 17.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

76


GHANA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

6,743 5,839 5,582 5,023 375 559 0 257 250 530 27

7,334 6,055 6,055 5,492 507 563 0 .. .. 772 38

9,114 6,085 6,085 4,214 937 1,872 750 .. .. 2,092 28

11,226 7,366 7,366 5,130 1,101 2,235 750 .. .. 2,759 105

12,837 8,882 8,882 6,319 1,253 2,562 750 .. .. 2,703 144

16,626 11,753 11,753 7,449 1,223 4,304 1,531 .. .. 3,651 231

18,363 14,161 13,908 8,154 1,120 5,754 2,531 253 253 3,082 171

20,677 16,090 15,837 8,782 1,242 7,055 3,531 253 253 3,345 206

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

457 457 351 106 0 .. ..

558 558 483 74 0 .. ..

1,310 1,310 998 312 0 .. ..

1,537 1,537 1,025 512 0 .. ..

1,755 1,755 1,279 475 0 .. ..

3,367 3,367 1,260 2,107 1,000 .. ..

3,296 3,043 1,237 1,805 1,000 253 253

2,853 2,853 1,125 1,728 1,000 0 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

274 271 171 100 0 3 ..

190 190 127 63 0 .. ..

166 166 74 92 0 .. ..

207 207 88 120 0 .. ..

278 278 117 161 0 .. ..

577 577 166 411 219 .. ..

442 442 229 213 0 0 0

552 552 240 312 0 0 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

117 103 75 28 0 14 14

88 88 57 30 0 .. ..

160 160 72 88 64 .. ..

98 98 61 37 0 .. ..

174 174 83 91 32 .. ..

317 317 153 164 54 .. ..

300 300 88 212 124 0 0

381 375 89 286 192 6 6

152 -14 179 171 -2 -193 2 .. 2 -195 166 166 ..

757 612 364 289 7 247 11 .. 11 236 145 145 ..

4,385 1,840 1,049 305 124 791 220 .. 220 571 2,545 2,527 18

5,340 2,091 1,109 412 171 982 392 .. 392 590 3,248 3,248 1

4,826 1,532 1,312 253 150 220 314 .. 314 -95 3,295 3,295 ..

6,845 3,618 1,062 300 -32 2,556 1,696 781 915 860 3,227 3,227 ..

5,676 2,313 976 296 -32 1,336 1,845 1,253 592 -509 3,363 3,363 ..

5,893 2,700 1,058 475 172 1,643 1,416 1,000 416 227 3,192 3,192 ..

4,836 2,456 3,473 17 32 232

10,601 3,952 6,851 94 99 1,753

31,641 9,490 14,560 396 136 4,763

38,336 14,651 20,790 1,062 2,135 5,483

39,810 16,867 24,184 1,961 2,155 5,368

46,454 16,490 24,134 1,219 1,864 5,249

36,899 15,372 21,075 1,341 2,008 ..

36,732 16,893 22,300 813 4,982 ..

274.5 139.4 19.0 7.9 54.3 3.4

185.6 69.2 8.6 10.5 68.8 23.9

96.0 28.8 4.0 22.9 30.1 52.3

76.6 29.3 2.4 24.6 29.2 48.8

76.1 32.2 3.2 21.1 28.7 41.8

100.8 35.8 6.1 22.0 24.4 31.6

119.5 49.8 5.4 16.8 22.6 ..

122.4 56.3 6.2 16.2 22.2 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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 MDRI debt relief.

77


GRENADA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

199.4 180.7 180.7 116.8 1.2 63.9 27.4 .. .. 17.5 4.5

408.4 391.4 391.4 172.5 9.7 218.9 214.3 .. .. 7.4 4.4

606.2 522.4 522.4 277.7 46.3 244.7 239.4 .. .. 37.6 14.6

578.0 516.3 516.3 273.2 45.9 243.1 239.4 .. .. 15.8 15.8

636.3 519.0 519.0 275.8 45.5 243.1 239.4 .. .. 71.9 39.9

612.5 518.9 518.9 275.8 45.1 243.1 239.4 .. .. 48.5 48.5

663.7 539.0 539.0 295.9 45.7 243.1 239.4 .. .. 79.0 58.1

685.8 571.4 571.4 329.4 44.8 242.0 239.4 .. .. 69.6 57.8

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

77.6 77.6 19.8 57.8 26.6 .. ..

38.5 38.5 38.5 0.0 0.0 .. ..

21.1 21.1 21.1 0.0 0.0 .. ..

6.3 6.3 6.3 0.0 0.0 .. ..

8.7 8.7 8.7 0.0 0.0 .. ..

28.3 28.3 28.3 0.0 0.0 .. ..

33.7 33.7 33.7 0.0 0.0 .. ..

50.9 50.9 50.9 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

10.1 10.1 6.4 3.7 0.0 .. ..

5.7 5.7 5.3 0.4 0.0 .. ..

15.4 15.4 11.0 4.4 0.0 .. ..

13.5 13.5 10.6 2.9 0.0 .. ..

6.3 6.3 6.3 0.0 0.0 .. ..

28.6 28.6 28.6 0.0 0.0 .. ..

11.2 11.2 11.2 0.0 0.0 .. ..

14.5 14.5 13.5 1.1 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3.4 3.4 2.3 1.1 0.0 .. ..

3.3 3.3 3.3 0.0 0.0 .. ..

11.7 11.7 5.7 5.9 5.9 .. ..

12.2 12.2 6.4 5.9 5.8 .. ..

8.9 8.9 3.6 5.3 5.3 .. ..

6.9 6.9 5.8 1.0 1.0 .. ..

11.2 11.2 5.7 5.5 5.5 .. ..

8.4 8.4 5.6 2.8 2.8 .. ..

73.9 59.4 13.4 2.6 .. 45.9 54.1 26.6 27.5 -8.1 14.5 14.5 ..

26.4 -23.2 33.2 5.6 .. -56.4 -0.4 0.0 -0.4 -56.0 49.6 49.6 ..

52.4 10.1 16.5 8.6 6.4 -6.4 -4.4 0.0 -4.4 -2.0 42.3 42.3 ..

-1.0 -30.4 -4.5 -0.2 -0.2 -25.9 -2.9 0.0 -2.9 -23.0 29.4 29.4 ..

50.4 33.9 1.9 1.9 -0.5 32.0 0.0 0.0 0.0 32.0 16.5 16.5 ..

25.1 -32.8 -0.8 4.2 -0.5 -32.0 0.0 0.0 0.0 -32.0 58.0 58.0 ..

85.1 46.8 25.9 15.0 3.4 20.9 0.0 0.0 0.0 20.9 38.2 38.2 ..

89.0 28.4 38.5 18.1 1.1 -10.2 -1.1 0.0 -1.1 -9.1 60.7 60.7 ..

486.3 240.8 349.0 27.8 24.2 57.7

667.1 160.3 435.9 22.7 26.8 94.3

731.1 190.9 426.6 30.8 28.5 119.2

747.0 202.0 433.0 20.6 28.9 120.7

765.6 213.5 437.0 18.8 29.3 119.5

813.0 216.7 455.9 19.6 29.6 150.6

878.7 240.6 443.6 .. 31.6 169.9

944.2 244.6 458.5 .. 32.2 198.0

82.8 41.0 6.0 8.8 31.8 28.9

254.8 61.2 6.6 1.8 27.2 23.1

317.5 82.9 14.4 6.2 31.0 19.7

286.2 77.4 13.0 2.7 32.2 20.9

298.1 83.1 7.5 11.3 29.7 18.8

282.6 75.3 16.8 7.9 31.4 24.6

275.8 75.5 10.6 11.9 31.7 25.6

280.4 72.6 11.4 10.2 35.8 28.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

78


GUATEMALA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

3,948 2,740 2,598 2,156 36 442 245 142 .. 1,172 317

9,506 8,014 3,720 2,484 40 1,237 1,105 4,294 50 1,453 414

15,039 13,144 5,555 4,600 309 955 955 7,589 5 1,585 0

16,277 13,703 5,349 4,719 308 630 630 8,354 155 2,265 0

15,130 14,127 6,301 4,971 309 1,330 1,330 7,826 355 695 0

17,263 16,239 7,069 5,322 309 1,748 1,730 9,170 355 714 0

19,286 18,235 6,965 5,216 291 1,749 1,730 11,270 1,155 760 0

20,182 19,174 7,472 5,713 278 1,759 1,730 11,701 1,150 730 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

220 220 220 0 0 0 ..

1,639 144 144 0 0 1,495 0

1,471 879 879 0 0 592 0

1,025 393 393 0 0 633 150

1,449 1,249 549 700 700 200 200

4,441 1,400 682 718 700 3,041 0

3,287 259 258 2 0 3,028 800

2,809 1,292 1,281 11 0 1,516 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

192 172 139 32 31 20 ..

570 200 199 1 0 371 0

949 264 264 0 0 685 0

1,347 604 279 325 325 743 0

981 273 273 0 0 708 0

2,328 596 296 300 300 1,732 0

1,254 325 325 0 0 928 0

1,433 349 347 2 0 1,084 5

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

153 134 112 23 22 19 ..

420 203 102 101 101 217 5

636 284 196 88 88 352 0

684 284 196 88 88 401 7

598 274 199 75 75 324 20

585 274 207 67 67 310 26

719 280 212 68 67 439 54

676 288 219 69 67 388 54

-737 62 80 38 .. -18 -52 -31 -22 34 -799 -799 ..

1,298 906 -56 1 .. 961 1,124 0 1,125 -163 392 392 ..

1,808 881 615 260 .. 266 -93 0 -93 359 926 907 19

1,376 359 114 20 .. 245 -435 -175 -260 680 1,018 968 49

-45 -1,102 276 2 .. -1,379 192 900 -708 -1,570 1,058 1,026 32

3,028 2,133 386 154 .. 1,746 1,727 400 1,327 19 895 880 16

3,032 2,080 -67 -51 .. 2,147 2,101 800 1,301 46 952 958 -6

3,016 1,345 934 694 .. 411 441 -5 446 -31 1,671 1,706 -34

19,065 4,076 5,991 248 596 1,746

26,727 7,069 11,886 370 3,067 3,664

40,127 11,165 16,674 1,001 4,232 5,637

46,004 13,171 19,904 1,453 4,524 5,835

49,091 12,985 19,939 1,112 5,031 6,325

52,644 13,178 20,642 986 5,379 7,002

57,169 14,376 22,051 1,324 5,838 7,064

62,176 14,141 21,423 1,355 6,587 7,511

96.9 20.7 9.7 29.7 38.5 44.2

134.5 35.6 14.8 15.3 21.5 38.5

134.7 37.5 14.4 10.5 28.2 37.5

123.6 35.4 15.7 13.9 26.9 35.8

116.5 30.8 12.7 4.6 30.8 41.8

131.0 32.8 22.3 4.1 29.0 40.6

134.2 33.7 14.0 3.9 25.0 36.6

142.7 32.5 15.2 3.6 26.2 37.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country. Short-term debt before 2012 is based on data from the BIS.

79


GUINEA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

3,092 2,650 2,650 2,621 136 29 0 .. .. 306 81

3,363 3,078 3,078 2,887 113 190 159 .. .. 172 84

3,381 3,045 3,045 2,913 205 132 114 .. .. 131 56

3,329 3,069 3,069 2,954 199 115 97 .. .. 61 61

1,381 1,053 1,053 955 215 98 86 .. .. 114 40

1,404 1,044 1,044 956 243 88 76 .. .. 117 37

1,420 1,017 1,017 950 321 67 55 .. .. 82 37

1,389 930 930 880 340 50 38 .. .. 120 35

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

71 71 71 0 0 .. ..

249 249 247 1 0 .. ..

32 32 32 0 0 .. ..

33 33 33 0 0 .. ..

43 43 43 0 0 .. ..

55 55 55 0 0 .. ..

99 99 99 0 0 .. ..

22 22 22 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

91 91 91 0 0 .. ..

97 97 84 12 12 .. ..

65 65 52 13 13 .. ..

154 154 140 14 14 .. ..

108 108 95 13 13 .. ..

69 69 56 13 13 .. ..

63 63 50 13 13 .. ..

58 58 47 11 11 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

41 41 41 0 0 .. ..

50 50 50 0 0 .. ..

21 21 21 0 0 .. ..

36 36 36 0 0 .. ..

21 21 21 0 0 .. ..

13 13 13 0 0 .. ..

12 12 12 0 0 .. ..

10 10 10 0 0 .. ..

-22 -32 -28 17 -8 -4 0 .. .. -4 10 10 ..

319 214 137 22 -26 77 -11 -12 1 88 105 105 ..

133 31 -30 0 -10 62 -13 -13 .. 75 101 101 ..

753 -202 -113 -81 -6 -89 -14 -14 .. -75 955 955 ..

630 25 -36 -30 16 61 -13 -13 .. 74 605 605 ..

155 20 27 9 28 -8 -13 -13 .. 6 135 135 ..

165 97 145 39 96 -48 -13 -13 .. -35 68 68 ..

122 37 8 -2 33 29 -11 -11 .. 40 85 85 ..

2,922 758 973 8 1 148

2,658 929 1,079 .. 42 95

4,302 1,549 1,892 0 46 ..

4,625 1,528 2,829 26 65 103

5,235 2,118 3,289 39 66 155

5,778 1,993 3,242 47 93 174

6,134 2,152 3,151 .. 93 293

6,226 2,416 2,874 .. 93 249

408.1 105.8 20.7 9.9 52.1 4.8

362.0 126.5 18.8 5.1 53.3 2.8

218.4 78.6 6.3 3.9 55.1 0.0

217.9 72.0 12.8 1.8 57.5 3.1

65.2 26.4 8.0 8.2 44.6 11.2

70.5 24.3 4.2 8.3 44.7 12.4

66.0 23.1 3.5 5.8 45.7 20.6

57.5 22.3 4.1 8.6 43.9 17.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club debt restructuring agreement signed in 2010, 2012 and HIPC debt relief.

80


GUINEA-BISSAU

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

948.8 822.1 822.1 822.1 26.3 0.0 0.0 .. .. 100.4 87.4

1,022.7 888.8 888.8 888.8 13.2 0.0 0.0 .. .. 120.7 118.7

1,129.5 978.2 978.2 978.2 24.7 0.0 0.0 .. .. 126.6 125.6

283.7 218.5 218.5 218.5 32.0 0.0 0.0 .. .. 33.1 33.1

279.5 213.4 213.4 213.4 32.0 0.0 0.0 .. .. 34.1 33.1

277.4 212.2 212.2 212.2 32.1 0.0 0.0 .. .. 33.1 33.1

271.4 203.2 203.2 203.2 35.3 0.0 0.0 .. .. 32.9 32.9

314.9 223.8 223.8 223.8 37.7 0.0 0.0 .. .. 53.3 32.6

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

13.6 13.6 13.6 0.0 0.0 .. ..

15.6 15.6 15.6 0.0 0.0 .. ..

4.0 4.0 4.0 0.0 0.0 .. ..

9.1 9.1 9.1 0.0 0.0 .. ..

2.7 2.7 2.7 0.0 0.0 .. ..

1.0 1.0 1.0 0.0 0.0 .. ..

2.5 2.5 2.5 0.0 0.0 .. ..

29.8 29.8 29.8 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2.6 2.6 2.4 0.2 0.0 .. ..

1.0 1.0 1.0 0.0 0.0 .. ..

5.9 5.9 5.9 0.0 0.0 .. ..

4.5 4.5 4.5 0.0 0.0 .. ..

6.3 6.3 6.3 0.0 0.0 .. ..

1.1 1.1 1.1 0.0 0.0 .. ..

1.4 1.4 1.4 0.0 0.0 .. ..

1.4 1.4 1.4 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1.6 1.6 1.6 0.0 0.0 .. ..

2.0 2.0 2.0 0.0 0.0 .. ..

3.3 3.3 3.3 0.0 0.0 .. ..

0.5 0.5 0.5 0.0 0.0 .. ..

0.6 0.6 0.6 0.0 0.0 .. ..

0.4 0.4 0.4 0.0 0.0 .. ..

0.5 0.5 0.5 0.0 0.0 .. ..

0.8 0.8 0.8 0.0 0.0 .. ..

30.1 29.4 19.6 11.3 8.4 9.8 -0.2 .. -0.2 10.0 0.7 0.7 ..

16.4 10.4 11.4 10.6 -3.1 -1.0 0.0 .. .. -1.0 5.9 5.9 ..

28.7 -0.3 5.8 -1.0 7.6 -6.0 0.0 .. .. -6.0 28.9 26.2 2.7

36.2 11.2 12.2 0.0 7.6 -1.0 0.0 .. .. -1.0 25.1 25.0 0.0

4.0 -2.7 -3.7 0.0 0.0 1.0 0.0 .. .. 1.0 6.6 6.6 ..

18.6 -1.1 -0.1 0.0 0.0 -1.0 0.0 .. .. -1.0 19.6 19.6 ..

35.3 6.4 6.4 2.2 5.4 0.0 0.0 .. .. 0.0 28.9 28.9 ..

71.4 53.0 32.4 3.3 4.0 20.7 0.0 .. .. 20.7 18.3 18.3 ..

357.8 .. .. .. 8.0 66.8

575.4 95.2 156.9 .. 19.9 79.8

846.6 183.8 314.7 5.7 45.9 156.4

1,104.8 297.9 373.7 31.8 52.1 220.0

994.7 156.3 290.5 31.2 45.6 164.6

1,025.8 201.2 288.3 8.2 63.8 186.3

1,104.9 275.9 356.3 .. 63.8 287.0

1,053.0 310.4 309.3 .. 63.8 332.1

.. 265.2 .. 10.6 41.8 7.0

1073.9 177.7 6.7 11.8 45.5 7.8

614.6 133.4 9.5 11.2 44.9 13.8

95.2 25.7 1.7 11.7 40.4 77.6

178.8 28.1 4.4 12.2 39.6 58.9

137.9 27.0 0.8 11.9 39.5 67.1

98.4 24.6 0.7 12.1 37.5 105.7

101.4 29.9 0.8 16.9 39.2 105.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

81


GUYANA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,374 1,129 1,125 1,080 136 45 27 4 .. 109 67

1,239 1,043 1,041 1,033 112 9 0 2 .. 84 82

1,408 885 885 864 190 21 0 0 .. 333 103

2,007 1,054 1,054 1,034 182 21 0 0 .. 770 107

1,974 1,215 1,215 1,194 171 21 0 0 .. 588 111

2,302 1,116 1,116 1,095 160 21 0 0 .. 1,026 111

2,343 1,284 1,099 1,078 140 21 0 185 .. 919 108

1,639 1,201 1,031 1,010 125 21 0 170 .. 313 108

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

64 64 64 0 0 0 ..

104 104 104 0 0 0 ..

123 123 123 0 0 0 ..

188 188 188 0 0 0 ..

279 279 279 0 0 0 ..

200 200 200 0 0 0 ..

355 170 170 0 0 185 ..

74 74 74 0 0 0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

23 22 22 0 0 0 ..

16 15 15 0 0 0 ..

16 16 16 0 0 0 ..

20 20 20 0 0 0 ..

119 119 119 0 0 0 ..

21 21 21 0 0 0 ..

24 24 24 0 0 0 ..

44 29 29 0 0 15 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

26 26 26 0 0 0 ..

10 10 10 0 0 0 ..

11 11 11 0 0 0 ..

13 13 13 0 0 0 ..

13 13 13 0 0 0 ..

14 14 14 0 0 0 ..

16 16 16 0 0 0 ..

17 17 17 0 0 0 ..

26 11 34 2 -7 -24 0 .. 0 -23 16 16 ..

113 95 108 1 20 -13 -1 .. -1 -12 18 18 ..

20 -19 106 0 -1 -125 0 .. 0 -125 39 39 ..

639 593 160 1 -7 433 0 .. 0 433 46 46 ..

5 -37 149 1 -11 -186 0 .. .. -186 42 42 ..

634 605 168 2 -11 438 0 0 0 438 28 28 ..

249 216 135 2 -11 82 185 .. 185 -103 33 33 ..

-566 -585 36 7 -9 -621 -15 .. -15 -606 19 19 ..

661 684 813 6 27 305

777 697 960 7 201 252

2,272 1,197 1,814 13 368 782

2,567 1,479 2,265 18 412 802

2,875 1,764 2,550 10 469 864

3,019 1,594 2,403 5 328 784

3,046 1,403 2,246 5 330 668

3,174 1,370 1,931 6 294 532

201.0 208.1 10.2 8.0 43.7 22.2

177.8 159.5 5.0 6.8 68.7 20.3

117.6 62.0 2.6 23.7 35.6 55.5

135.7 78.2 3.1 38.4 27.5 40.0

111.9 68.7 8.6 29.8 30.7 43.8

144.5 76.3 4.9 44.6 28.7 34.0

167.0 76.9 4.7 39.2 29.0 28.5

119.6 51.6 6.4 19.1 42.0 32.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data for 2014 and 2015 are World Bank staff estimates based on market data. Short-term debt is based on data from the BIS. Principal payment shown from 2012 include rice for oil deal. Data include the effects of HIPC and MDRI debt relief.

82


HAITI

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,203 1,056 1,056 1,056 57 0 0 .. .. 90 1

1,347 1,278 1,278 1,278 41 0 0 .. .. 28 15

957 822 822 822 135 0 0 .. .. 0 0

771 623 623 623 148 0 0 .. .. 0 0

1,156 986 986 986 169 0 0 .. .. 0 0

1,559 1,381 1,378 1,378 178 0 0 3 .. 0 0

1,940 1,762 1,759 1,759 177 0 0 3 .. 1 1

2,084 1,903 1,900 1,900 178 0 0 3 .. 4 4

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

51 51 51 0 0 .. ..

77 77 77 0 0 .. ..

288 288 288 0 0 .. ..

357 357 357 0 0 .. ..

360 360 360 0 0 .. ..

401 398 398 0 0 3 ..

408 408 408 0 0 0 ..

173 173 173 0 0 0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

19 19 19 0 0 .. ..

34 34 34 0 0 .. ..

122 122 122 0 0 .. ..

2 2 2 0 0 .. ..

0 0 0 0 0 .. ..

6 6 6 0 0 0 ..

18 18 18 0 0 0 ..

27 27 27 0 0 0 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

15 15 15 0 0 .. ..

17 17 17 0 0 .. ..

8 8 8 0 0 .. ..

3 3 3 0 0 .. ..

3 3 3 0 0 .. ..

4 4 4 0 0 0 ..

5 5 5 0 0 0 ..

8 7 7 0 0 0 ..

33 20 26 1 -6 -6 .. .. .. -6 13 13 ..

47 21 55 -5 11 -34 .. .. .. -34 26 26 ..

468 290 290 -36 125 .. .. .. .. 0 178 178 ..

487 368 368 .. 13 .. .. .. .. 0 119 119 ..

538 382 382 .. 22 .. .. .. .. 0 156 156 ..

565 405 402 .. 10 3 3 .. 3 0 160 160 ..

494 395 395 .. 5 0 0 .. 0 0 99 99 ..

265 156 156 .. 10 0 0 .. 0 0 109 109 ..

.. 504 1,378 .. 578 182

4,387 605 1,888 .. 986 218

6,645 1,049 4,298 .. 1,474 1,891

7,555 1,356 4,437 .. 1,551 1,880

7,945 1,400 4,199 .. 1,612 2,164

8,485 1,612 4,433 .. 1,781 2,448

8,789 1,684 4,777 .. 1,977 1,965

8,887 1,777 4,449 .. 2,196 1,916

238.9 .. 9.2 7.5 76.4 15.1

222.6 30.7 9.5 2.1 79.9 16.2

91.2 14.4 12.5 0.0 58.2 197.7

56.8 10.2 0.4 0.0 10.0 243.9

82.5 14.5 0.3 0.0 6.8 187.2

96.7 18.4 0.7 0.0 5.0 157.0

115.2 22.1 1.4 0.0 4.1 101.3

117.3 23.5 2.0 0.2 3.9 91.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data only cover IDB loans. Short-term debt before 2007 is based on data from the BIS. Data include the effects of Paris Club restructuring agreements signed in 2006 and 2009 and HIPC and MDRI debt relief.

83


HONDURAS

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

5,614 5,000 4,440 4,315 241 125 0 560 .. 374 35

5,170 4,654 4,145 4,072 195 73 0 509 .. 321 12

3,977 3,382 2,803 2,714 220 89 50 579 .. 374 11

4,388 3,905 3,186 3,102 215 85 50 719 .. 267 6

5,055 4,444 3,646 3,541 209 106 50 798 .. 402 6

6,831 6,116 5,170 3,980 203 1,190 1,051 946 .. 512 4

7,329 6,640 5,528 4,231 185 1,297 1,051 1,112 .. 504 3

7,584 6,920 5,879 4,598 173 1,280 1,051 1,042 .. 491 3

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

347 163 159 4 0 184 ..

481 302 297 4 0 179 ..

904 452 452 0 0 452 ..

1,554 558 558 0 0 996 ..

1,348 513 493 20 0 835 ..

2,444 1,602 521 1,082 1,001 841 ..

898 580 455 125 0 318 ..

1,453 561 561 0 0 893 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

259 93 92 1 0 166 ..

267 141 139 2 0 126 ..

452 62 60 2 0 390 ..

922 65 62 3 0 856 ..

824 58 58 1 0 766 ..

783 82 81 1 0 701 ..

491 110 107 3 0 381 ..

1,061 139 135 4 0 922 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

108 77 77 0 0 31 ..

83 64 62 1 0 20 ..

56 46 45 1 0 10 ..

77 59 58 1 0 19 ..

89 70 70 0 0 19 ..

130 111 81 30 29 19 ..

198 178 92 86 82 20 ..

215 193 101 91 82 22 ..

261 41 84 9 16 -42 20 .. 20 -63 219 219 ..

690 153 158 73 0 -4 56 .. 56 -61 537 537 ..

1,022 575 391 109 -2 184 60 .. 60 124 447 469 -22

1,526 526 491 133 -5 35 137 .. 137 -102 1,000 958 42

1,671 652 429 77 -6 223 88 .. 88 134 1,019 1,006 13

3,594 1,768 434 87 -6 1,334 1,221 1,001 220 113 1,827 820 1,007

1,202 392 342 91 -6 51 59 .. 59 -8 810 789 20

1,349 375 422 68 -4 -46 -34 .. -34 -13 974 974 -1

6,885 2,694 3,740 160 474 1,313

9,219 3,817 6,016 479 1,805 2,327

15,110 4,993 8,556 681 2,618 2,671

16,769 6,290 10,836 910 2,811 2,750

17,247 6,729 11,598 1,192 2,920 2,495

17,193 6,307 11,475 1,208 3,098 2,982

18,058 6,644 11,661 1,129 3,370 3,432

18,771 6,690 11,816 1,183 3,666 3,731

208.4 81.5 14.8 6.7 49.6 23.4

135.5 56.1 10.1 6.2 61.7 45.0

79.6 26.3 10.3 9.4 47.7 67.2

69.8 26.2 16.0 6.1 53.2 62.7

75.1 29.3 13.7 7.9 54.5 49.4

108.3 39.7 14.7 7.5 47.3 43.7

110.3 40.6 10.6 6.9 48.2 46.8

113.4 40.4 19.2 6.5 49.8 49.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Data include the effects of HIPC and MDRI debt relief.

84


INDIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

101,131 96,782 81,196 51,730 888 29,466 10,240 15,586 1,515 3,462 0

121,195 111,406 54,726 50,058 974 4,668 1,360 56,680 5,761 8,816 0

290,428 227,853 100,563 72,499 6,127 28,065 14,700 127,290 13,217 56,448 0

334,399 250,240 107,926 75,601 6,108 32,324 16,517 142,314 10,861 78,052 0

392,625 293,162 133,206 75,304 6,114 57,901 24,007 159,956 7,848 93,349 0

427,296 328,464 133,380 73,698 6,127 59,682 21,910 195,084 8,286 92,706 0

457,553 366,215 161,829 71,700 5,764 90,129 50,811 204,386 6,214 85,574 0

479,559 392,483 175,718 71,683 5,513 104,035 59,512 216,765 7,909 81,563 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

10,556 10,256 3,270 6,986 5,520 300 ..

19,380 6,630 3,824 2,805 1,714 12,751 2,920

43,406 24,337 8,379 15,958 11,050 19,069 1,288

42,850 13,642 6,599 7,043 2,032 29,207 737

49,929 17,269 5,170 12,099 7,478 32,661 665

70,314 14,108 5,253 8,855 2,045 56,206 1,224

130,044 47,038 6,226 40,812 29,116 83,006 819

66,347 27,219 6,026 21,193 8,702 39,129 2,770

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6,425 6,176 3,217 2,959 0 249 35

19,384 12,469 2,701 9,769 8,457 6,914 117

19,018 5,164 3,159 2,005 148 13,854 1,851

22,227 6,823 3,879 2,943 200 15,405 2,847

21,202 6,183 3,665 2,519 0 15,019 3,678

28,931 10,756 3,970 6,786 4,153 18,176 833

80,774 14,235 4,134 10,101 150 66,538 2,347

37,406 11,774 4,596 7,178 0 25,632 767

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,993 3,363 1,422 1,941 143 630 224

4,196 3,022 1,062 1,960 1,799 1,174 141

4,675 1,063 797 266 39 3,612 421

6,206 1,210 873 337 51 4,996 848

7,774 1,396 900 496 121 6,378 516

8,629 1,446 802 644 158 7,183 518

10,970 1,839 757 1,082 256 9,131 375

9,815 1,899 749 1,150 296 7,916 349

9,700 3,635 28 677 -25 3,607 4,078 5,485 -1,407 -471 6,066 3,584 2,481

21,369 1,949 1,124 1,336 0 825 -1,127 -3,940 2,813 1,952 19,421 7,269 12,151

92,032 34,233 5,221 3,027 0 29,013 19,168 10,339 8,829 9,845 57,799 27,357 30,442

72,821 42,226 2,720 1,149 0 39,506 17,902 -278 18,180 21,604 30,594 34,643 -4,048

90,006 44,025 1,505 9 0 42,520 27,223 4,465 22,758 15,297 45,981 23,172 22,809

87,344 40,739 1,283 -30 0 39,456 40,099 -1,717 41,816 -643 46,604 26,713 19,892

86,109 42,138 2,091 543 0 40,047 47,179 27,437 19,741 -7,132 43,971 31,602 12,369

66,525 24,929 1,430 262 0 23,500 27,511 10,705 16,806 -4,012 41,595 39,663 1,933

471,633 62,453 80,489 .. 12,883 37,902

828,316 160,228 194,154 5,244 22,125 131,924

1,690,504 357,996 464,622 21,763 53,480 275,277

1,799,897 456,523 579,253 23,760 62,499 271,285

1,803,547 453,744 610,650 16,389 68,821 270,587

1,840,087 479,503 593,441 12,555 69,970 276,493

2,018,326 498,220 591,134 14,027 70,389 303,455

2,049,502 443,164 529,774 13,684 68,910 334,311

161.9 21.4 17.1 3.4 30.1 37.5

75.6 14.6 14.9 7.3 25.9 108.9

81.1 17.2 6.8 19.4 16.0 94.8

73.2 18.6 6.4 23.3 14.6 81.1

86.5 21.8 6.7 23.8 12.8 68.9

89.1 23.2 8.1 21.7 11.9 64.7

91.8 22.7 18.5 18.7 11.1 66.3

108.2 23.4 10.9 17.0 10.5 69.7

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

85


INDONESIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

144,032 111,195 70,025 55,259 11,149 14,766 971 41,169 6,337 21,688 4,632

142,120 122,949 77,705 59,945 8,148 17,760 7,492 45,244 7,858 11,023 0

198,268 162,171 103,387 66,486 3,050 36,901 29,348 58,783 7,787 33,047 0

219,619 178,405 108,786 66,502 3,041 42,283 35,501 69,620 14,112 38,173 0

252,555 205,258 128,044 61,518 3,044 66,526 60,551 77,214 9,337 44,253 0

265,453 216,293 128,832 55,865 3,050 72,967 67,179 87,461 11,117 46,110 0

292,969 244,140 142,818 50,858 2,869 91,960 82,967 101,322 12,617 45,960 0

308,540 266,903 160,038 50,977 2,744 109,060 97,134 106,866 15,671 38,892 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6,057 3,707 3,444 263 0 2,350 350

13,881 5,015 2,581 2,434 2,095 8,866 194

34,335 14,345 6,587 7,758 5,640 19,990 195

39,430 9,820 3,782 6,038 5,775 29,609 295

55,702 18,942 3,202 15,740 15,536 36,761 1,470

50,567 13,330 3,883 9,447 8,647 37,237 2,590

69,894 28,092 3,188 24,904 20,550 41,802 1,215

60,090 20,418 5,219 15,199 9,718 39,673 1,179

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9,297 3,897 1,615 2,282 0 5,400 2,400

15,746 6,232 3,539 2,692 310 9,515 267

23,975 5,846 5,214 632 0 18,129 411

25,164 6,132 5,156 976 0 19,032 1,771

29,527 6,430 5,152 1,278 230 23,097 1,560

32,041 5,964 4,925 1,039 0 26,077 510

37,558 8,617 4,999 3,618 2,745 28,941 715

45,163 9,029 4,600 4,429 2,095 36,134 130

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5,702 3,767 2,604 1,163 72 1,935 735

2,957 1,945 1,189 755 159 1,012 113

4,944 3,034 1,586 1,448 1,225 1,910 81

5,532 3,485 1,508 1,977 1,655 2,048 1,145

5,951 3,475 1,376 2,098 1,811 2,477 1,104

7,967 3,966 1,169 2,796 2,549 4,001 1,083

8,253 4,487 1,301 3,186 2,948 3,766 1,185

9,769 5,248 909 4,339 4,107 4,521 1,211

-1,720 -1,590 2,951 323 1,123 -4,542 -5,069 -2,050 -3,019 527 -129 892 -1,021

1,036 -6,611 -2,103 -765 -1,145 -4,508 -906 1,711 -2,617 -3,602 7,647 7,812 -165

33,936 19,358 1,373 1,287 0 17,985 8,987 5,424 3,563 8,998 14,578 12,447 2,132

35,343 19,391 -1,374 633 0 20,765 15,639 4,299 11,340 5,126 15,952 16,278 -326

52,568 32,256 -1,950 672 0 34,205 28,125 15,216 12,909 6,080 20,312 18,615 1,698

38,530 20,382 -1,042 764 0 21,424 19,567 10,727 8,840 1,857 18,148 20,004 -1,856

57,738 32,186 -1,811 733 0 33,996 34,147 18,306 15,841 -150 25,553 22,293 3,259

21,821 7,860 618 2,059 0 7,241 14,309 8,672 5,637 -7,068 13,961 15,508 -1,547

150,317 73,079 66,903 3,574 1,190 28,502

271,958 97,017 101,533 9,525 5,420 33,140

734,396 168,570 168,056 12,844 6,916 92,908

866,422 215,578 218,103 17,975 6,924 106,539

891,242 213,656 242,168 18,166 7,212 108,837

885,469 207,635 240,922 17,395 7,614 96,364

860,795 200,953 233,683 19,460 8,551 108,836

833,906 173,420 196,625 18,231 9,659 103,268

197.1 95.8 22.8 15.1 13.8 19.8

146.5 52.3 20.9 7.8 13.0 23.3

117.6 27.0 17.4 16.7 11.4 46.9

101.9 25.3 14.4 17.4 10.4 48.5

118.2 28.3 16.8 17.5 9.1 43.1

127.8 30.0 19.5 17.4 8.6 36.3

145.8 34.0 23.1 15.7 7.8 37.1

177.9 37.0 32.1 12.6 8.2 33.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

86


IRAN, ISLAMIC REPUBLIC OF

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

8,024 4,709 4,709 1,664 308 3,045 0 .. .. 3,008 0

21,543 10,506 10,506 2,121 352 8,384 0 .. .. 10,686 0

20,030 6,156 6,156 2,066 2,261 4,090 0 .. .. 11,613 0

17,344 4,814 4,814 1,672 2,209 3,142 0 .. .. 10,320 0

7,406 4,271 4,271 1,484 2,192 2,787 0 .. .. 943 0

7,006 4,025 4,025 1,193 2,204 2,832 0 .. .. 777 0

5,441 3,042 3,042 921 1,967 2,121 0 .. .. 432 0

6,322 2,326 2,326 636 1,976 1,691 0 .. .. 2,019 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,469 1,469 477 993 0 .. ..

2,740 2,740 703 2,037 0 .. ..

252 252 105 147 0 .. ..

216 216 31 185 0 .. ..

18 18 15 3 0 .. ..

22 22 18 4 0 .. ..

0 0 0 0 0 .. ..

2 2 2 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,345 2,345 1,785 561 0 .. ..

1,734 1,734 329 1,405 0 .. ..

1,575 1,575 331 1,245 0 .. ..

1,389 1,389 429 960 0 .. ..

446 446 188 258 0 .. ..

396 396 272 124 0 .. ..

463 463 238 224 0 .. ..

742 742 287 455 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

391 391 190 202 0 .. ..

418 418 104 314 0 .. ..

139 139 54 85 0 .. ..

110 110 47 63 0 .. ..

35 35 17 18 0 .. ..

33 33 25 8 0 .. ..

33 33 26 7 0 .. ..

39 39 14 25 0 .. ..

-1,446 -1,485 -1,308 44 0 -177 432 .. 432 -609 39 39 ..

4,329 1,440 374 102 0 1,066 633 .. 633 433 2,889 2,889 ..

5,151 1,502 -225 64 0 1,728 -1,098 .. -1,098 2,826 3,649 3,649 ..

1,810 -2,466 -399 -62 0 -2,068 -775 .. -775 -1,293 4,277 4,277 ..

-5,143 -9,805 -173 -37 0 -9,632 -255 .. -255 -9,377 4,662 4,662 ..

2,510 -540 -255 -124 0 -286 -120 .. -120 -166 3,050 3,050 ..

1,298 -808 -238 -96 0 -569 -224 .. -224 -345 2,105 2,105 ..

2,897 847 -285 -55 0 1,132 -455 .. -455 1,587 2,050 2,050 ..

109,482 30,131 18,107 .. 536 ..

219,436 50,757 50,115 .. 1,032 ..

467,870 98,191 88,815 .. 1,181 ..

592,134 123,593 96,224 .. 727 ..

588,882 156,380 98,279 .. 846 ..

512,851 108,880 85,966 .. 882 ..

426,269 104,416 78,518 .. 865 ..

.. 98,356 83,006 .. 872 ..

26.6 7.3 9.7 37.5 6.3 ..

42.4 9.8 5.5 49.6 1.8 ..

20.4 4.3 1.9 58.0 4.2 ..

14.0 2.9 1.3 59.5 4.4 ..

4.7 1.3 0.4 12.7 9.6 ..

6.4 1.4 0.4 11.1 8.6 ..

5.2 1.3 0.5 7.9 9.1 ..

6.4 .. 0.8 31.9 7.0 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Fiscal year-end for external debt data is March. Short-term debt is based on Central Bank data.

87


JAMAICA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

4,828 3,922 3,819 2,492 113 1,327 1,004 103 .. 793 150

6,627 5,953 5,563 2,150 58 3,413 3,043 390 300 616 224

14,193 11,916 7,609 3,271 1,188 4,338 3,786 4,307 4,290 1,089 214

14,332 12,111 7,768 3,225 1,234 4,543 4,027 4,343 4,290 988 197

14,309 11,309 7,399 3,197 1,235 4,202 3,724 3,910 3,840 1,765 126

12,951 10,272 7,452 3,349 1,239 4,103 3,686 2,820 2,750 1,440 40

14,078 11,563 7,992 3,437 1,046 4,555 4,181 3,571 2,750 1,469 47

14,122 11,608 9,649 3,594 1,025 6,055 5,750 1,959 1,175 1,489 24

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

905 905 312 593 553 0 ..

1,350 1,043 91 953 875 307 300

2,360 1,285 1,075 210 0 1,075 1,075

1,208 1,170 418 753 694 37 0

2,047 279 239 40 0 1,768 1,750

1,411 410 384 26 0 1,001 1,000

1,920 1,167 316 851 800 752 0

3,325 2,397 369 2,028 2,000 928 925

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

426 362 275 87 13 64 55

552 543 233 311 256 9 0

346 337 212 125 68 9 0

728 726 199 527 438 2 0

1,083 633 249 384 302 451 450

359 358 235 123 48 1 0

509 507 195 312 238 1 0

3,238 698 188 511 431 2,539 2,500

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

209 196 121 75 50 13 2

387 361 84 277 265 26 21

829 489 100 388 375 341 340

900 492 109 383 368 408 406

690 462 68 394 379 228 226

562 416 69 347 333 146 141

612 406 68 338 325 206 201

666 427 67 359 344 239 232

829 439 18 37 -19 421 443 485 -43 -21 390 390 ..

978 319 -143 -22 -1 461 940 919 22 -479 660 660 ..

3,326 3,143 1,641 181 778 1,501 1,151 1,007 145 350 183 183 ..

645 446 269 90 50 177 261 256 5 -84 199 199 ..

2,303 1,812 -10 -10 0 1,821 973 998 -24 848 492 413 78

1,393 814 151 120 2 663 903 952 -49 -240 579 593 -14

2,002 1,307 -6 -23 -126 1,313 1,290 562 729 23 695 554 141

1,044 154 206 74 25 -52 -94 -6 -88 42 890 794 95

8,586 3,782 4,970 290 878 1,054

10,530 4,322 6,972 454 1,762 2,170

12,704 4,248 7,192 127 2,026 2,501

13,938 4,508 8,567 112 2,106 2,282

14,633 4,835 8,362 121 2,168 1,996

14,007 4,608 8,123 138 2,172 1,818

13,641 4,692 8,042 161 2,269 2,473

13,693 4,631 7,332 253 2,361 2,914

127.7 56.2 18.8 16.4 25.6 21.8

153.3 62.9 22.5 9.3 20.3 32.7

334.2 111.7 28.0 7.7 16.6 17.6

317.9 102.8 36.7 6.9 17.6 15.9

296.0 97.8 37.4 12.3 17.3 14.0

281.0 92.5 26.4 11.1 20.0 14.0

300.0 103.2 33.2 10.4 19.1 17.6

305.0 103.1 87.8 10.5 20.3 20.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

88


JORDAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

11,063 6,183 6,183 5,243 484 940 583 .. .. 4,396 102

12,904 6,901 6,878 6,483 260 395 145 24 .. 5,742 0

17,073 7,767 6,502 5,452 257 1,050 881 1,265 .. 9,049 1

17,669 7,818 6,317 5,291 257 1,026 866 1,501 .. 9,594 1

18,484 8,105 6,302 5,308 642 994 852 1,803 .. 9,737 1

23,173 11,000 8,855 5,494 1,300 3,361 3,237 2,145 .. 10,873 1

24,281 11,800 9,688 5,352 1,593 4,335 4,223 2,113 .. 10,888 1

25,746 13,070 10,976 5,424 2,070 5,552 5,458 2,094 .. 10,605 1

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

176 176 176 0 0 .. ..

434 434 269 165 145 .. ..

1,538 1,388 626 762 750 150 ..

475 325 325 0 0 150 ..

1,010 711 711 0 0 299 ..

3,644 3,308 908 2,400 2,400 336 ..

2,275 1,978 978 1,000 1,000 297 ..

3,210 2,951 951 2,000 2,000 258 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

308 308 238 70 10 .. ..

366 341 323 19 10 25 ..

513 487 463 25 15 26 ..

599 574 548 26 15 25 ..

615 585 557 28 15 30 ..

606 566 538 28 15 40 ..

910 873 852 22 15 37 ..

1,594 1,537 754 783 765 57 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

239 239 162 77 43 .. ..

161 160 157 4 0 1 ..

163 147 124 22 19 16 ..

194 171 130 41 39 23 ..

189 165 126 39 37 24 ..

189 162 113 49 48 27 ..

280 254 124 130 129 26 ..

312 282 114 168 167 30 ..

4,268 3,371 -73 -17 -11 3,445 -70 -10 -60 3,515 896 913 -17

2,479 325 -131 -28 -77 456 121 135 -14 335 2,154 1,984 169

3,219 1,551 159 -71 -4 1,392 862 736 126 530 1,668 1,688 -21

2,016 421 -223 -85 0 644 99 -15 113 545 1,595 1,486 109

2,487 921 537 165 383 384 241 -15 255 143 1,566 1,513 53

6,788 4,824 1,020 28 650 3,804 2,667 2,386 282 1,136 1,964 1,806 158

3,746 1,768 515 252 389 1,253 1,239 986 253 14 1,978 2,009 -31

3,175 1,886 749 156 552 1,137 1,419 1,236 183 -282 1,289 1,275 15

8,558 4,207 6,363 32 1,845 3,331

12,925 7,426 12,314 72 2,421 5,250

26,218 13,639 19,343 813 3,623 13,057

28,576 14,454 22,276 713 3,684 11,467

30,549 14,998 24,054 821 3,848 8,090

33,255 15,021 25,304 845 5,343 13,224

35,410 16,405 26,282 903 6,370 15,299

37,040 14,872 23,761 794 5,348 15,162

263.0 129.3 20.1 39.7 15.4 30.1

173.8 99.8 11.9 44.5 14.8 40.7

125.2 65.1 5.9 53.0 14.8 76.5

122.2 61.8 6.6 54.3 13.6 64.9

123.2 60.5 6.3 52.7 13.8 43.8

154.3 69.7 6.2 46.9 12.7 57.1

148.0 68.6 8.2 44.8 12.4 63.0

173.1 69.5 14.3 41.2 11.6 58.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2001 are based on reports provided by the country. Short-term debt before 1999 is based on data from the BIS.

89


KAZAKHSTAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

12,890 11,481 3,623 2,239 448 1,384 1,000 7,859 100 961 0

43,857 35,263 2,177 1,780 491 396 350 33,087 7,550 8,102 0

119,145 109,751 3,845 3,845 529 0 0 105,905 21,044 8,864 0

124,317 115,033 4,675 4,675 528 0 0 110,358 17,995 8,756 0

135,498 125,883 7,375 5,065 528 2,310 2,300 118,508 15,098 9,086 0

149,653 139,627 12,266 5,331 529 6,935 6,925 127,361 11,790 9,497 0

157,651 147,372 15,080 5,645 498 9,435 9,425 132,292 13,682 9,781 67

154,288 147,363 20,070 6,635 476 13,435 13,425 127,293 6,683 6,448 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,063 623 168 455 350 2,440 0

17,207 197 197 0 0 17,010 3,050

45,054 1,522 1,522 0 0 43,532 450

32,740 920 920 0 0 31,821 800

31,396 3,050 740 2,310 2,300 28,346 560

45,774 5,445 820 4,625 4,625 40,329 6,684

39,152 3,376 876 2,500 2,500 35,776 6,692

34,731 5,511 1,511 4,000 4,000 29,220 1,712

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,155 216 133 83 0 1,939 0

11,417 1,090 1,018 72 0 10,327 0

34,639 278 278 1 0 34,360 1,503

26,226 134 134 0 0 26,092 3,789

20,862 254 254 0 0 20,607 3,457

28,341 409 409 0 0 27,932 4,210

27,854 459 459 0 0 27,395 3,092

31,266 326 326 0 0 30,940 8,709

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

713 235 124 112 90 478 11

1,521 146 102 44 39 1,376 543

4,517 54 54 0 0 4,463 1,525

5,921 61 61 0 0 5,860 1,343

2,033 75 75 0 0 1,957 1,115

2,257 147 68 79 78 2,110 655

2,980 405 57 348 347 2,575 1,115

3,467 525 61 464 463 2,942 1,578

1,827 1,061 -407 30 -442 1,469 873 350 523 595 766 746 19

10,336 9,950 -820 -621 0 10,770 6,610 3,050 3,560 4,160 386 237 150

16,591 12,295 1,244 1,283 0 11,050 9,171 -1,053 10,224 1,879 4,296 4,162 134

12,320 6,406 786 478 0 5,620 5,729 -2,989 8,717 -109 5,914 5,907 8

17,563 10,865 486 333 0 10,379 10,048 -597 10,645 331 6,698 7,117 -418

22,727 17,844 411 456 0 17,432 17,022 7,100 9,922 410 4,883 4,818 65

16,040 11,516 417 332 0 11,099 10,881 6,101 4,780 218 4,524 4,659 -135

2,172 199 1,184 -32 0 -986 2,280 -2,998 5,278 -3,266 1,973 1,967 6

17,038 10,480 10,363 1,046 67 1,594

51,757 31,380 32,008 4,805 62 6,084

128,676 68,212 66,337 17,997 226 25,223

172,656 91,764 81,300 25,213 180 25,179

187,763 93,849 91,751 24,753 178 22,132

218,608 93,214 90,730 22,511 207 19,127

204,769 88,961 81,672 19,764 229 21,814

172,845 54,915 58,799 8,772 194 20,299

123.0 75.7 32.4 7.5 11.5 12.4

139.8 84.7 41.9 18.5 2.0 13.9

174.7 92.6 57.9 7.4 2.3 21.2

135.5 72.0 35.4 7.0 2.9 20.3

144.4 72.2 24.7 6.7 3.1 16.3

160.5 68.5 33.2 6.3 3.1 12.8

177.2 77.0 35.0 6.2 3.2 13.8

281.0 89.3 63.6 4.2 3.9 13.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

90


KENYA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

6,148 5,217 5,042 4,560 175 482 0 175 .. 757 47

6,487 5,785 5,785 5,422 212 363 0 .. .. 490 21

8,848 6,989 6,989 6,679 817 311 0 .. .. 1,041 80

10,163 7,771 7,771 7,451 1,100 320 0 .. .. 1,293 100

11,894 9,024 9,024 8,086 1,293 938 0 .. .. 1,577 93

13,721 9,830 9,830 8,885 1,471 946 0 .. .. 2,420 111

16,683 13,355 13,355 10,301 1,328 3,053 2,750 .. .. 2,001 84

19,148 15,324 15,324 11,559 1,205 3,766 2,750 .. .. 2,619 89

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

333 333 248 85 0 .. ..

169 169 140 28 0 .. ..

530 530 519 12 0 .. ..

1,073 1,073 1,050 23 0 .. ..

1,682 1,682 1,005 677 0 .. ..

1,235 1,235 1,221 14 0 .. ..

5,142 5,142 2,386 2,756 2,750 .. ..

2,748 2,748 1,994 754 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

407 362 241 121 0 45 ..

439 429 356 74 0 10 ..

260 260 256 4 0 .. ..

290 290 283 7 0 .. ..

357 357 347 10 0 .. ..

338 338 321 17 0 .. ..

949 949 330 619 0 .. ..

349 349 329 20 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

100 81 55 27 0 19 ..

73 73 67 6 0 0 ..

90 90 90 1 0 .. ..

93 93 92 1 0 .. ..

171 171 144 26 0 .. ..

225 225 189 36 0 .. ..

197 197 168 29 0 .. ..

276 276 210 66 44 .. ..

5 -72 9 101 2 -81 -81 .. -81 0 77 83 -6

-386 -394 -149 -21 67 -246 -56 .. -56 -190 9 6 3

430 318 237 132 -26 81 8 .. 8 73 111 89 22

1,368 1,309 1,060 165 293 249 17 .. 17 232 60 40 20

1,881 1,807 848 193 191 958 668 .. 668 291 75 49 26

2,226 1,895 1,074 383 174 821 -4 .. -4 825 331 71 260

5,164 3,743 1,997 475 -59 1,746 2,137 2,750 -613 -391 1,421 467 954

4,393 2,946 1,600 366 -66 1,347 734 .. 734 612 1,446 1,437 9

12,576 2,821 3,941 29 538 898

18,732 5,416 6,921 35 425 1,799

39,852 9,127 13,823 60 686 4,320

41,960 10,130 16,631 105 934 4,264

50,263 11,205 18,270 111 1,211 5,711

54,792 10,951 18,959 124 1,304 6,598

60,990 11,290 21,407 214 1,441 7,911

62,953 10,790 18,547 .. 1,560 7,548

218.0 48.9 21.0 12.3 46.1 14.6

119.8 34.6 10.0 7.6 53.0 27.7

96.9 22.2 4.4 11.8 46.6 48.8

100.3 24.2 4.3 12.7 45.4 42.0

106.1 23.7 5.3 13.3 43.0 48.0

125.3 25.0 5.9 17.6 42.4 48.1

147.8 27.4 10.9 12.0 37.3 47.4

177.5 30.4 6.8 13.7 35.2 39.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

91


KOSOVO

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

.. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. ..

1,456 886 319 319 114 0 0 567 0 455 0

1,700 1,130 299 299 114 0 0 830 0 456 0

2,002 1,116 295 295 234 0 0 822 0 652 0

2,221 1,315 300 300 231 0 0 1,015 0 675 0

2,242 1,258 273 271 204 2 0 985 0 780 0

2,158 1,263 265 246 216 19 0 998 0 679 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

169 0 0 0 0 169 ..

158 7 7 0 0 152 ..

109 5 5 0 0 105 ..

145 8 8 0 0 136 ..

76 22 19 3 0 54 ..

111 33 16 18 0 78 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

76 14 14 0 0 61 ..

85 17 17 0 0 68 ..

94 15 15 0 0 79 ..

101 15 15 0 0 86 ..

93 15 15 0 0 78 ..

79 14 14 0 0 65 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

34 11 11 0 0 23 ..

38 12 12 0 0 26 ..

33 11 11 0 0 22 ..

42 12 12 0 0 29 ..

44 12 12 0 0 32 ..

62 10 10 0 0 52 ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

196 -244 14 -14 29 -258 108 .. 108 -366 439 439 ..

552 75 -10 -10 .. 85 84 .. 84 1 478 478 ..

592 331 109 -10 119 221 25 .. 25 196 261 260 1

285 63 -10 -9 -4 74 51 .. 51 23 222 223 -1

636 73 -10 -6 -14 83 -22 .. -22 105 563 154 409

219 -48 23 -5 21 -71 30 .. 30 -101 266 270 -4

.. .. .. .. .. ..

.. .. .. .. .. ..

5,919 1,333 3,377 130 997 846

6,851 1,670 4,018 148 1,122 742

6,698 1,477 3,495 65 1,059 1,108

7,234 1,520 3,596 97 1,122 1,103

7,536 1,731 3,861 98 1,192 906

6,472 1,487 3,343 132 1,068 938

.. .. .. .. .. ..

.. .. .. .. .. ..

109.2 24.6 8.3 31.3 21.9 58.2

101.8 24.8 7.4 26.8 17.6 43.6

135.6 29.9 8.6 32.6 14.7 55.3

146.1 30.7 9.7 30.4 13.4 49.7

129.5 29.8 8.8 34.8 11.6 40.4

145.2 33.3 10.8 31.5 10.6 43.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

92


KYRGYZ REPUBLIC

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,938 1,510 1,220 1,184 298 37 0 290 .. 129 10

2,257 1,825 1,665 1,665 299 0 0 161 .. 132 3

4,114 3,612 2,442 2,442 307 0 0 1,171 .. 195 12

5,486 4,986 2,618 2,618 312 0 0 2,368 .. 188 3

6,026 5,492 2,840 2,840 321 0 0 2,652 .. 214 4

6,804 6,163 2,945 2,945 333 0 0 3,218 .. 308 1

7,257 6,636 3,222 3,222 308 0 0 3,414 .. 313 1

7,504 6,854 3,393 3,393 306 0 0 3,461 .. 345 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

161 153 149 4 0 8 ..

132 76 76 0 0 56 ..

668 147 147 0 0 521 ..

746 211 211 0 0 535 ..

853 344 344 0 0 510 ..

916 386 386 0 0 530 ..

927 479 479 0 0 449 ..

596 302 302 0 0 294 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

86 17 13 4 0 69 ..

73 16 16 0 0 57 ..

462 38 38 0 0 424 ..

314 44 44 0 0 270 ..

266 41 41 0 0 226 ..

305 44 44 0 0 261 ..

309 57 57 0 0 252 ..

319 73 73 0 0 247 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

69 23 20 2 0 47 ..

21 12 12 0 0 9 ..

69 23 23 0 0 46 ..

70 40 40 0 0 29 ..

58 32 32 0 0 25 ..

63 34 34 0 0 29 ..

69 41 41 0 0 28 ..

70 43 43 0 0 27 ..

178 152 143 52 7 9 -60 .. -60 69 26 26 ..

-103 -150 47 29 -13 -196 -1 .. -1 -195 47 47 0

193 -20 121 5 12 -141 97 .. 97 -238 213 231 -18

992 439 173 13 6 266 265 .. 265 1 553 547 5

733 620 311 14 8 309 284 .. 284 25 112 112 0

880 719 354 21 12 365 269 .. 269 97 161 162 -2

972 617 416 17 -6 201 196 .. 196 5 355 355 0

1,211 322 241 9 11 81 47 .. 47 34 890 890 0

1,288 590 753 37 2 239

2,372 963 1,501 36 313 570

4,489 2,273 4,112 289 1,266 1,604

5,539 3,236 5,551 611 1,709 1,703

6,436 3,533 6,619 112 2,031 1,903

7,045 3,856 7,103 348 2,278 2,099

7,240 3,315 6,791 227 2,243 1,805

6,330 2,625 4,979 191 1,688 1,634

328.5 150.5 30.2 6.7 37.3 12.3

234.4 95.1 14.8 5.9 48.7 25.2

181.0 91.7 24.5 4.7 31.5 39.0

169.6 99.0 12.7 3.4 24.5 31.0

170.6 93.6 9.8 3.5 23.0 31.6

176.5 96.6 10.1 4.5 21.0 30.8

218.9 100.2 12.1 4.3 18.8 24.9

285.9 118.6 15.7 4.6 17.9 21.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country.

93


LAO PEOPLE'S DEMOCRATIC REPUBLIC

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,531 2,474 2,474 2,474 55 0 0 .. .. 2 0

3,279 3,179 2,354 2,354 43 0 0 825 .. 57 0

6,525 6,381 3,771 3,768 88 3 0 2,610 .. 56 0

7,542 7,402 4,277 4,272 83 5 0 3,125 .. 57 0

8,181 8,042 4,542 4,536 79 7 0 3,500 .. 59 0

9,425 8,545 5,146 4,995 78 151 143 3,398 .. 802 0

10,188 9,291 5,625 5,305 73 320 300 3,666 246 823 0

11,645 10,854 6,657 5,726 70 930 838 4,198 246 721 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

82 82 82 0 0 .. ..

544 222 222 0 0 321 ..

427 282 280 3 0 144 ..

1,086 471 468 3 0 615 ..

867 417 416 1 0 450 ..

1,613 803 658 145 143 810 ..

1,611 765 595 170 157 846 246

1,946 1,322 708 614 538 624 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

23 23 23 0 0 .. ..

80 40 40 0 0 40 ..

217 59 59 0 0 159 ..

208 108 108 0 0 100 ..

174 99 99 0 0 75 ..

197 106 106 0 0 92 ..

223 128 128 0 0 95 ..

232 140 140 0 0 92 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9 9 9 0 0 .. ..

48 15 15 0 0 32 ..

78 28 28 0 0 50 ..

101 51 51 0 0 50 ..

87 57 57 0 0 30 ..

133 75 74 1 1 58 ..

140 94 89 5 5 47 ..

159 104 94 10 10 55 4

87 54 52 17 -8 2 .. .. .. 2 34 34 ..

540 512 177 26 -6 335 281 .. 281 54 28 28 ..

388 56 216 -13 -6 -160 -12 .. -12 -148 333 279 54

1,186 874 355 -15 -5 519 518 .. 518 1 312 301 11

992 692 314 -19 -3 378 376 .. 376 2 300 294 6

2,590 2,157 551 -10 -1 1,606 863 143 719 743 433 427 7

2,327 1,409 467 -21 .. 942 921 403 518 21 918 913 4

2,690 1,611 568 -21 .. 1,043 1,145 538 607 -103 1,079 1,079 0

1,660 513 638 .. 1 139

2,670 762 1,003 25 1 234

6,713 2,308 2,457 44 42 703

7,690 2,452 2,881 16 110 741

8,751 2,917 3,582 52 59 799

10,550 3,118 3,731 52 60 722

11,132 3,474 4,940 22 40 875

11,690 3,671 6,120 86 93 1,043

493.1 152.4 8.0 0.1 41.7 5.5

430.1 122.8 17.8 1.7 48.9 7.1

282.7 97.2 13.1 0.9 33.2 10.8

307.6 98.1 12.8 0.8 28.4 9.8

280.4 93.5 9.1 0.7 24.7 9.8

302.3 89.3 10.8 8.5 20.1 7.7

293.3 91.5 10.7 8.1 16.8 8.6

317.3 99.6 10.9 6.2 13.7 9.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt is based on data from the BIS.

94


LEBANON

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

10,073 7,704 6,968 1,290 6 5,677 5,260 736 736 2,364 0

22,722 19,877 18,866 2,172 6 16,694 16,142 1,011 1,011 2,838 0

24,676 20,713 20,213 2,226 395 17,987 17,422 500 500 3,567 0

24,826 21,101 20,601 2,088 355 18,513 17,966 500 500 3,370 0

29,135 24,691 23,991 1,997 317 21,994 21,489 700 700 4,127 0

30,918 26,124 25,424 1,734 298 23,690 23,298 700 700 4,496 0

29,943 25,344 24,644 1,458 280 23,186 22,855 700 700 4,318 0

30,896 26,905 26,205 1,287 268 24,918 24,645 700 700 3,723 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,445 2,330 238 2,092 2,031 115 115

3,179 2,649 106 2,543 2,500 530 530

2,143 2,143 199 1,943 1,925 0 0

4,174 4,174 206 3,968 3,954 0 0

6,221 5,721 226 5,495 5,478 500 500

3,185 3,185 136 3,049 2,992 0 0

1,674 1,674 90 1,584 1,575 0 0

3,911 3,911 108 3,803 3,800 0 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

884 834 74 760 400 50 50

2,172 1,907 143 1,764 1,695 265 265

2,632 2,462 298 2,164 2,151 170 170

3,743 3,743 328 3,415 3,385 0 0

2,642 2,342 318 2,024 1,965 300 300

1,801 1,801 415 1,386 1,209 0 0

2,254 2,254 257 1,997 1,944 0 0

2,205 2,205 202 2,003 1,954 0 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

475 418 57 361 300 57 57

1,287 1,197 92 1,106 1,087 90 90

1,454 1,403 100 1,303 1,289 51 51

1,491 1,453 82 1,372 1,359 38 38

1,484 1,446 75 1,371 1,359 38 38

1,618 1,577 72 1,505 1,495 42 42

1,664 1,622 62 1,560 1,550 42 42

1,652 1,610 49 1,562 1,554 42 42

1,723 1,723 164 26 0 1,559 1,397 1,696 -299 162 .. .. ..

4,317 258 -37 -6 0 296 1,045 1,070 -26 -749 4,059 2,624 1,436

4,494 60 -117 3 -19 177 -391 -396 5 568 4,434 4,280 154

3,539 194 -161 -21 -40 356 553 569 -16 -197 3,345 3,490 -145

7,261 4,298 -130 -48 -39 4,428 3,671 3,714 -43 757 2,963 3,155 -191

4,473 1,734 -299 -43 -19 2,032 1,663 1,782 -119 369 2,739 2,702 38

2,246 -758 -167 -25 0 -591 -413 -369 -43 -178 3,004 2,904 100

2,897 1,110 -95 14 0 1,205 1,800 1,846 -46 -595 1,787 2,340 -553

17,581 .. .. .. .. 5,944

21,101 14,958 18,768 95 4,924 11,887

37,501 22,177 32,179 209 6,914 31,514

40,194 26,687 34,071 184 6,913 33,741

43,242 21,812 33,155 195 6,671 37,186

44,021 21,943 34,771 505 7,567 36,748

46,072 21,349 35,297 335 7,191 39,547

47,716 21,766 33,293 423 7,481 38,756

.. 57.3 .. 23.5 8.8 59.0

151.9 107.7 24.3 12.5 5.2 52.3

111.3 65.8 18.7 14.5 5.3 127.7

93.0 61.8 20.0 13.6 5.0 135.9

133.6 67.4 19.3 14.2 3.9 127.6

140.9 70.2 16.0 14.5 3.3 118.9

140.3 65.0 18.6 14.4 2.9 132.1

141.9 64.7 18.0 12.1 2.5 125.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt only cover Bonds. Short-term debt is based on data from the BIS.

95


LESOTHO

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

769.7 656.7 656.7 580.9 16.0 75.8 0.0 .. .. 97.0 0.0

666.3 618.9 618.9 590.6 40.4 28.4 0.0 .. .. 7.0 0.0

779.0 700.2 700.2 686.6 78.8 13.6 0.0 .. .. 0.0 0.0

802.9 718.5 718.5 706.9 80.3 11.7 0.0 .. .. 4.0 0.0

861.9 746.7 746.7 735.5 115.2 11.2 0.0 .. .. 0.0 0.0

887.7 757.5 757.5 747.5 130.2 10.0 0.0 .. .. 0.0 0.0

879.1 758.0 758.0 749.4 121.0 8.6 0.0 .. .. 0.1 0.1

879.8 765.2 765.2 761.7 114.6 3.5 0.0 .. .. 0.1 0.1

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

69.4 69.4 67.4 2.0 0.0 .. ..

21.1 21.1 21.1 0.0 0.0 .. ..

42.4 42.4 42.4 0.0 0.0 .. ..

44.4 44.4 44.4 0.0 0.0 .. ..

55.1 55.1 55.1 0.0 0.0 .. ..

40.0 40.0 40.0 0.0 0.0 .. ..

74.0 74.0 74.0 0.0 0.0 .. ..

71.1 71.1 71.1 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

33.2 33.2 26.4 6.8 0.0 .. ..

65.3 65.3 32.0 33.3 0.0 .. ..

19.4 19.4 19.1 0.3 0.0 .. ..

23.3 23.3 23.0 0.3 0.0 .. ..

24.3 24.3 24.0 0.3 0.0 .. ..

27.2 27.2 26.9 0.3 0.0 .. ..

27.2 27.2 26.9 0.3 0.0 .. ..

30.3 30.3 25.9 4.4 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

22.9 22.9 16.0 7.0 0.0 .. ..

13.7 13.7 7.7 6.0 0.0 .. ..

7.5 7.5 6.4 1.0 0.0 .. ..

8.8 8.8 7.8 1.0 0.0 .. ..

9.2 9.2 8.3 0.9 0.0 .. ..

9.9 9.9 9.1 0.7 0.0 .. ..

11.6 11.6 10.9 0.7 0.0 .. ..

19.7 19.7 19.2 0.6 0.0 .. ..

156.4 124.0 35.9 11.2 -5.2 88.1 -4.9 .. -4.9 93.0 32.4 32.4 ..

-16.2 -45.2 -10.9 4.6 .. -34.3 -33.3 .. -33.3 -1.0 29.0 29.0 0.0

71.1 24.4 27.7 21.5 4.4 -3.3 -0.3 .. -0.3 -3.0 46.6 46.6 ..

-32.9 26.9 23.2 -6.6 1.8 3.7 -0.3 .. -0.3 4.0 -59.8 -60.2 0.4

6.0 61.4 65.6 -6.9 34.5 -4.3 -0.3 .. -0.3 -4.0 -55.4 -55.7 0.4

-21.8 27.4 27.7 -8.4 14.7 -0.3 -0.3 .. -0.3 0.0 -49.3 -49.6 0.3

47.6 45.2 45.5 2.2 -1.6 -0.3 -0.3 .. -0.3 0.0 2.5 2.2 0.3

71.8 39.8 44.1 2.4 -1.1 -4.4 -4.4 .. -4.4 0.0 32.0 31.8 0.3

1,014.4 823.4 1,136.5 71.3 477.6 417.9

1,869.4 1,391.2 1,702.2 6.6 599.4 519.1

2,594.0 1,667.7 2,499.5 76.6 610.1 1,071.0

3,124.2 1,947.8 2,839.4 187.2 649.3 919.1

2,861.5 1,632.0 2,888.2 173.4 554.6 1,027.9

2,862.9 1,420.1 2,423.9 154.3 462.9 1,055.2

2,605.0 1,316.1 2,306.8 142.4 380.2 1,070.8

.. 1,339.4 2,187.9 125.7 365.6 904.2

93.5 75.9 7.5 12.6 61.8 54.3

47.9 35.6 5.7 1.1 77.8 77.9

46.7 30.0 2.1 0.0 80.1 137.5

41.2 25.7 2.0 0.5 79.6 114.5

52.8 30.1 2.3 0.0 75.8 119.3

62.5 31.0 2.8 0.0 74.1 118.9

66.8 33.7 3.1 0.0 72.9 121.8

65.7 .. 3.8 0.0 73.6 102.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Large interest payment was made during 2007 to a creditor country to settle a long standing claim. Short-term debt is based on data from the BIS.

96


LIBERIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,836.3 1,104.0 1,104.0 907.3 319.7 196.8 0.0 .. .. 1,412.6 1,412.6

3,950.6 1,179.1 1,179.1 981.3 349.7 197.7 0.0 .. .. 2,421.8 2,421.8

418.9 183.1 183.1 183.1 235.3 0.0 0.0 .. .. 0.4 0.4

448.4 188.0 188.0 188.0 248.2 0.0 0.0 .. .. 12.2 12.2

487.2 208.5 208.5 208.5 266.7 0.0 0.0 .. .. 12.0 12.0

530.5 229.2 229.2 229.2 289.9 0.0 0.0 .. .. 11.4 11.4

680.5 353.2 295.2 295.2 327.2 0.0 0.0 58.0 .. 0.0 0.0

836.3 504.2 433.2 433.2 332.1 0.0 0.0 71.0 .. 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

20.3 20.3 20.3 0.0 0.0 .. ..

23.1 23.1 23.1 0.0 0.0 .. ..

35.1 35.1 35.1 0.0 0.0 .. ..

138.5 80.5 80.5 0.0 0.0 58.0 ..

165.6 149.6 149.6 0.0 0.0 16.0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

3.7 3.7 3.7 0.0 0.0 .. ..

2.6 2.6 2.6 0.0 0.0 .. ..

3.5 3.5 3.5 0.0 0.0 .. ..

4.6 4.6 4.6 0.0 0.0 .. ..

5.6 5.6 5.6 0.0 0.0 0.0 ..

5.2 2.2 2.2 0.0 0.0 3.0 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.6 0.6 0.6 0.0 0.0 .. ..

0.4 0.4 0.4 0.0 0.0 .. ..

1.1 1.1 1.1 0.0 0.0 .. ..

1.5 1.5 1.5 0.0 0.0 .. ..

8.6 8.6 8.6 0.0 0.0 0.0 ..

2.7 2.7 2.7 0.0 0.0 0.0 ..

20.2 -0.6 -0.6 .. -0.6 .. .. .. .. .. 20.8 20.8 ..

3.5 -0.1 -0.1 .. -0.1 .. .. .. .. .. 3.5 3.5 ..

9.8 9.8 9.8 -1.7 13.6 .. .. .. .. .. 0.0 0.0 ..

62.3 31.8 31.8 14.3 14.0 .. .. .. .. .. 30.5 30.5 ..

684.3 37.7 37.7 23.1 18.1 .. .. .. .. .. 646.6 646.6 ..

753.2 53.0 53.0 21.6 22.5 .. .. .. .. .. 700.3 700.3 ..

667.3 190.0 132.0 48.9 57.1 58.0 58.0 .. 58.0 .. 477.3 477.3 ..

551.8 179.8 166.8 67.2 19.4 13.0 13.0 .. 13.0 .. 372.0 372.0 ..

427.7 .. .. .. .. 0.3

394.4 354.7 1,317.7 7.1 31.9 25.4

1,113.3 430.4 1,804.7 0.1 31.4 465.9

1,420.6 1,351.8 3,325.3 11.7 360.0 512.8

1,473.5 709.6 2,317.1 232.2 515.8 497.2

1,645.0 850.0 2,362.0 252.9 383.4 493.1

1,680.0 719.5 3,615.1 477.3 505.7 499.0

1,773.0 540.3 2,983.4 372.0 640.8 522.6

.. 663.2 .. 49.8 13.9 0.0

1113.7 1001.7 0.5 61.3 11.1 0.6

97.3 37.6 1.4 0.1 15.1 111.2

33.2 31.6 0.2 2.7 13.3 114.4

68.7 33.1 0.6 2.5 16.7 102.1

62.4 32.2 0.8 2.1 21.5 93.0

94.6 40.5 2.4 0.0 26.7 73.3

154.8 47.2 8.2 0.0 38.2 62.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Historical long-term public and publicly guaranteed debt data before 2011 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.

97


MACEDONIA, FYR

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,480 1,333 1,206 921 92 284 0 127 .. 55 4

2,981 2,108 1,637 1,202 74 435 177 471 .. 800 9

5,159 3,840 1,880 1,369 101 512 434 1,959 .. 1,218 64

6,131 4,132 2,110 1,392 403 717 421 2,022 .. 1,597 80

6,469 4,376 2,270 1,453 404 817 429 2,106 .. 1,690 109

6,737 4,941 2,572 1,596 404 976 207 2,368 .. 1,392 129

7,233 5,741 3,140 1,691 273 1,449 789 2,602 .. 1,218 125

6,942 5,634 3,097 1,668 91 1,429 838 2,537 .. 1,217 131

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

151 98 96 1 0 54 ..

318 293 104 189 187 25 ..

596 197 190 7 0 399 ..

968 414 155 259 0 555 ..

637 303 176 127 0 334 ..

1,063 694 305 389 0 369 ..

1,492 1,078 430 647 644 415 ..

1,082 571 260 311 299 512 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

74 25 23 2 0 49 ..

171 81 67 14 0 90 ..

443 98 90 9 0 344 ..

739 126 103 23 0 614 ..

479 168 124 44 0 310 ..

734 462 192 270 235 272 ..

657 183 159 24 0 475 ..

699 327 147 180 166 373 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

37 30 20 10 0 7 ..

54 41 32 9 0 13 ..

128 56 22 35 32 71 ..

129 60 24 36 33 70 ..

125 64 23 41 31 60 ..

117 64 19 45 21 54 ..

150 60 22 38 9 89 ..

128 78 23 55 30 51 ..

265 59 58 48 -16 2 5 0 5 -3 206 206 ..

326 117 42 49 5 75 109 187 -78 -34 209 155 54

123 -75 101 53 0 -176 53 0 53 -229 198 202 -4

1,465 902 362 23 311 539 177 0 177 362 563 572 -8

358 222 51 1 0 171 108 0 108 64 136 142 -6

207 12 113 34 0 -101 216 -235 451 -317 195 196 -1

408 553 159 38 -112 394 563 644 -80 -170 -145 -141 -4

121 204 -60 -6 -172 264 271 133 137 -7 -83 -74 -9

3,703 1,178 1,890 31 81 429

6,149 2,190 3,393 142 227 1,229

9,276 3,801 5,789 230 388 1,970

10,307 5,019 7,347 272 434 2,331

9,534 4,521 6,922 265 394 2,528

10,561 4,916 7,149 363 376 2,485

11,106 5,627 7,803 311 367 2,701

9,840 5,058 7,018 371 307 2,239

125.7 40.0 11.8 3.7 38.5 29.0

136.2 48.5 12.5 26.8 30.7 41.2

135.7 55.6 16.4 23.6 21.8 38.2

122.2 59.5 18.8 26.0 18.9 38.0

143.1 67.9 15.0 26.1 18.9 39.1

137.0 63.8 18.6 20.7 20.0 36.9

128.5 65.1 17.3 16.8 18.4 37.3

137.3 70.6 20.8 17.5 18.3 32.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

98


MADAGASCAR

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

4,726 4,295 4,295 4,256 129 39 0 .. .. 301 204

3,519 3,180 3,180 3,171 240 9 0 .. .. 99 72

2,699 1,997 1,982 1,975 278 7 0 15 .. 425 188

2,810 2,106 2,093 2,086 273 7 0 12 .. 430 188

2,930 2,200 2,191 2,181 267 10 0 10 .. 463 192

2,872 2,271 2,263 2,229 256 34 0 8 .. 345 52

2,852 2,299 2,294 2,260 267 33 0 5 .. 286 43

2,985 2,500 2,486 2,392 281 94 0 13 .. 205 42

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

150 150 150 0 0 .. ..

249 249 249 0 0 .. ..

198 198 197 0 0 .. ..

137 137 137 0 0 .. ..

138 138 135 3 0 .. ..

149 149 146 3 0 .. ..

189 189 187 2 0 .. ..

322 322 249 73 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

74 74 73 0 0 .. ..

38 38 37 1 0 .. ..

37 36 36 0 0 1 ..

25 24 24 0 0 1 ..

44 42 42 0 0 2 ..

48 48 48 0 0 1 ..

54 53 53 0 0 1 ..

49 48 38 10 0 1 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

28 28 28 0 0 .. ..

28 28 28 0 0 .. ..

16 16 16 0 0 0 ..

16 16 16 0 0 0 ..

17 17 17 0 0 0 ..

17 17 17 0 0 0 ..

19 18 18 0 0 0 ..

19 19 19 0 0 0 ..

128 45 122 77 45 -77 0 .. 0 -76 83 83 ..

297 244 218 209 6 26 -1 .. -1 27 53 53 ..

0 -65 160 75 -2 -225 -1 .. -1 -224 65 65 0

155 115 109 42 -4 5 -1 .. -1 6 41 41 ..

157 116 87 47 -7 29 1 .. 1 29 41 41 ..

144 112 87 80 -11 24 2 .. 2 22 32 32 ..

462 112 161 118 27 -49 1 .. 1 -50 351 351 ..

736 219 237 107 26 -19 62 .. 62 -80 517 517 ..

3,807 845 1,219 4 11 285

4,960 1,353 2,251 65 115 481

8,637 2,241 3,616 120 547 1,023

9,737 2,733 4,016 162 398 1,135

9,605 2,867 4,223 276 397 1,053

10,278 3,205 4,461 249 427 776

10,712 3,513 4,272 .. 427 774

9,604 .. .. .. 427 832

559.0 124.1 13.9 6.4 38.7 6.0

260.2 70.9 5.9 2.8 80.6 13.7

120.5 31.3 2.7 15.7 57.0 37.9

102.8 28.9 1.8 15.3 57.2 40.4

102.2 30.5 2.5 15.8 57.4 35.9

89.6 27.9 2.5 12.0 62.6 27.0

81.2 26.6 2.7 10.0 65.3 27.1

.. 31.1 .. 6.9 64.5 27.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Data include the effects of HIPC and MDRI debt relief.

99


MALAWI

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,716 2,545 2,545 2,527 97 18 0 .. .. 75 37

3,196 3,062 3,062 3,044 91 18 0 .. .. 43 34

1,021 729 729 724 248 5 0 .. .. 43 0

1,213 929 929 923 247 5 0 .. .. 38 0

1,329 1,025 1,025 1,019 283 5 0 .. .. 21 0

1,560 1,244 1,244 1,238 295 6 0 .. .. 21 0

1,658 1,364 1,364 1,362 273 2 0 .. .. 22 1

1,735 1,454 1,454 1,454 255 1 0 .. .. 26 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

119 119 119 0 0 .. ..

89 89 89 0 0 .. ..

81 81 81 0 0 .. ..

208 208 208 0 0 .. ..

109 109 109 0 0 .. ..

230 230 230 0 0 .. ..

211 211 211 0 0 .. ..

175 175 175 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

33 33 33 0 0 .. ..

38 38 35 3 0 .. ..

13 13 13 0 0 .. ..

14 14 14 0 0 .. ..

15 15 15 0 0 .. ..

22 22 22 0 0 .. ..

24 24 21 3 0 .. ..

26 26 25 1 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

18 18 18 0 0 .. ..

22 22 22 0 0 .. ..

7 7 7 0 0 .. ..

7 7 7 0 0 .. ..

9 9 9 0 0 .. ..

14 14 14 0 0 .. ..

15 15 15 0 0 .. ..

16 16 16 0 0 .. ..

106 80 85 74 -1 -6 0 .. .. -6 26 26 ..

128 43 47 32 -6 -4 -3 .. -3 -1 84 88 -4

199 65 89 34 21 -24 0 .. 0 -24 134 133 1

631 188 193 34 -1 -5 0 .. 0 -5 443 441 2

-106 113 130 49 36 -17 0 .. 0 -17 -219 -220 0

476 220 220 94 12 0 0 .. 0 0 257 256 0

560 181 184 117 -6 -3 -3 .. -3 0 379 378 0

428 149 145 114 -6 4 -1 .. -1 5 279 279 0

1,707 471 680 15 1 243

3,616 609 1,390 52 23 159

6,851 1,224 2,835 173 22 307

7,888 1,606 3,262 362 25 197

5,893 1,385 2,599 23 28 223

5,357 1,398 3,226 245 34 413

5,887 1,645 3,317 276 38 602

6,348 1,548 2,753 297 34 ..

577.1 159.1 13.5 2.8 75.3 8.9

524.6 88.4 12.5 1.4 80.1 5.0

83.4 14.9 1.7 4.2 57.4 30.1

75.6 15.4 1.4 3.1 52.3 16.3

96.0 22.6 2.1 1.6 53.2 16.8

111.6 29.1 3.2 1.3 53.4 26.5

100.8 28.2 4.0 1.3 55.8 36.3

112.1 27.3 4.3 1.5 58.4 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of Paris Club rescheduling agreement signed in 2006 and HIPC and MDRI debt relief.

100


MALAYSIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

41,946 37,192 19,125 4,950 181 14,175 9,836 18,067 18,067 4,573 0

64,911 51,537 34,387 6,542 199 27,845 24,585 17,150 17,150 13,176 0

133,800 80,450 61,858 3,750 2,073 58,108 51,638 18,593 18,593 51,276 0

144,898 78,128 60,647 3,263 2,067 57,384 52,735 17,481 17,481 64,704 0

193,880 99,201 67,392 2,980 2,069 64,412 61,762 31,809 30,213 92,610 0

188,795 107,005 68,540 2,463 2,073 66,077 64,777 38,465 37,321 79,717 0

196,587 115,255 67,757 2,071 1,950 65,686 64,422 47,498 40,738 79,382 0

190,951 112,619 66,385 1,805 1,865 64,580 63,628 46,234 46,194 76,467 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5,921 3,460 1,446 2,015 1,061 2,461 2,461

10,378 6,195 981 5,215 5,164 4,183 4,183

9,938 6,014 18 5,996 2,339 3,923 3,923

12,354 3,311 10 3,301 2,892 9,043 9,043

24,260 8,870 514 8,356 8,033 15,390 13,794

18,687 6,936 56 6,881 6,834 11,751 11,416

22,312 4,636 0 4,635 4,398 17,677 11,611

23,776 13,723 0 13,723 13,481 10,053 10,053

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4,146 2,017 840 1,176 200 2,129 2,129

7,192 4,752 1,218 3,534 2,036 2,440 2,440

3,564 1,863 688 1,176 0 1,701 1,701

4,551 3,608 625 2,983 750 943 943

4,171 3,304 604 2,701 380 867 867

8,821 1,681 300 1,381 9 7,139 6,352

9,852 2,547 269 2,277 2,009 7,305 6,880

10,532 6,635 266 6,369 5,823 3,897 3,217

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,021 1,159 259 900 599 862 862

1,858 1,208 314 894 746 650 650

1,708 1,024 97 927 771 684 684

1,563 1,017 86 931 853 545 545

2,053 1,293 79 1,214 1,084 760 760

2,451 1,251 69 1,182 1,117 1,200 1,190

2,537 1,235 72 1,163 1,138 1,302 1,300

2,556 1,146 62 1,084 1,052 1,410 1,407

4,124 337 606 -86 .. -269 1,170 1,192 -23 -1,439 3,788 3,788 ..

7,962 4,929 -238 -92 .. 5,167 3,424 4,870 -1,447 1,744 3,033 4,232 -1,200

23,015 13,955 -669 -38 .. 14,625 7,043 4,561 2,482 7,581 9,060 9,060 ..

33,429 21,231 -614 0 .. 21,846 8,418 10,243 -1,825 13,428 12,198 12,198 ..

57,234 47,995 -90 .. .. 48,085 20,179 20,580 -401 27,906 9,239 9,239 ..

9,089 -3,027 -245 .. .. -2,782 10,111 11,889 -1,778 -12,894 12,115 12,115 ..

23,004 12,126 -269 .. .. 12,396 12,730 7,121 5,609 -334 10,877 10,877 ..

21,451 10,329 -266 .. .. 10,596 13,511 14,495 -984 -2,915 11,121 11,121 ..

86,182 114,272 103,860 7,173 342 28,330

137,212 166,725 142,268 8,330 1,117 69,858

246,904 234,007 201,594 15,298 1,103 104,884

290,893 271,150 231,775 18,105 1,211 131,780

302,839 263,076 240,783 18,389 1,294 137,784

312,561 259,477 242,715 18,030 1,423 133,444

326,700 265,588 245,415 19,020 1,580 114,572

287,975 223,013 208,412 13,164 1,643 93,979

36.7 48.7 5.6 10.9 3.1 67.5

38.9 47.3 5.6 20.3 1.4 107.6

57.2 54.2 2.4 38.3 0.2 78.4

53.4 49.8 2.4 44.7 0.1 90.9

73.7 64.0 2.5 47.8 0.1 71.1

72.8 60.4 4.5 42.2 0.1 70.7

74.0 60.2 4.9 40.4 0.1 58.3

85.6 66.3 6.1 40.0 0.0 49.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed, long-term private nonguaranteed, and short-term debt data are World Bank staff estimates based on reports.

101


MALDIVES

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

203.0 184.7 184.7 154.8 0.4 29.9 0.0 .. .. 18.0 0.0

362.3 299.8 299.8 250.2 6.3 49.6 0.0 .. .. 56.3 0.3

916.6 743.1 627.8 522.3 27.6 105.5 0.0 115.2 .. 145.9 2.9

882.0 717.1 675.2 565.3 27.5 109.9 0.0 41.9 .. 137.3 1.3

890.0 761.4 720.9 633.5 27.6 87.3 0.0 40.5 .. 101.0 3.0

900.5 789.8 748.0 669.0 22.1 79.1 0.0 41.8 .. 88.6 5.6

1,054.1 892.7 703.3 647.9 14.9 55.4 0.0 189.3 .. 146.6 3.6

943.0 786.2 633.2 595.0 13.1 38.3 0.0 153.0 .. 143.7 2.6

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

13.6 13.6 6.3 7.3 0.0 .. ..

45.9 45.9 29.5 16.3 0.0 .. ..

168.5 142.4 108.4 34.0 0.0 26.1 ..

124.5 115.9 82.9 33.0 0.0 8.6 ..

113.3 113.3 111.7 1.6 0.0 0.0 ..

77.0 77.0 70.4 6.6 0.0 0.0 ..

199.5 49.5 49.4 0.1 0.0 150.0 ..

23.5 23.5 23.5 0.0 0.0 0.0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

13.9 13.9 6.7 7.3 0.0 .. ..

22.1 22.1 13.1 9.0 0.0 .. ..

59.8 50.9 27.1 23.9 0.0 8.9 ..

70.3 66.3 40.9 25.4 0.0 3.9 ..

67.7 66.3 41.1 25.2 0.0 1.4 ..

57.3 55.1 37.5 17.7 0.0 2.2 ..

66.6 64.2 47.5 16.7 0.0 2.5 ..

96.9 60.5 48.1 12.5 0.0 36.3 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4.7 4.7 2.6 2.2 0.0 .. ..

7.1 7.1 4.8 2.2 0.0 .. ..

10.6 9.2 5.4 3.7 0.0 1.5 ..

11.0 10.4 6.2 4.2 0.0 0.5 ..

10.4 10.1 6.9 3.2 0.0 0.3 ..

9.6 9.2 7.4 1.7 0.0 0.4 ..

11.6 11.0 10.3 0.8 0.0 0.6 ..

9.5 8.4 7.8 0.6 0.0 1.1 ..

15.2 -7.2 -0.4 3.0 0.0 -6.8 0.0 .. 0.0 -6.8 22.3 22.3 ..

106.8 53.8 22.5 3.6 6.1 31.3 7.3 .. 7.3 24.0 53.0 53.0 ..

-138.3 -344.3 88.3 15.7 7.0 -432.6 27.4 .. 27.4 -460.0 206.0 216.5 -10.4

473.1 47.2 42.0 4.6 0.0 5.2 12.2 .. 12.2 -7.0 425.8 423.5 2.3

233.5 7.6 70.6 1.9 0.0 -63.1 -25.1 .. -25.1 -38.0 226.0 228.0 -2.0

360.2 -0.8 27.4 2.2 -5.5 -28.2 -13.2 .. -13.2 -15.0 361.0 360.8 0.2

518.9 186.6 -4.3 -2.1 -6.2 190.9 130.9 .. 130.9 60.0 332.2 333.4 -1.2

247.4 -76.5 -25.7 -1.9 -1.1 -50.8 -48.8 .. -48.8 -1.9 323.9 323.9 ..

594.3 467.5 492.0 34.4 2.2 122.8

1,088.9 495.4 910.4 31.0 2.3 189.0

2,012.1 2,011.5 2,008.5 271.9 3.2 364.3

2,138.6 2,454.4 2,596.1 266.5 3.0 348.7

2,242.3 2,497.4 2,422.8 234.5 3.1 318.3

2,430.7 2,927.3 2,767.5 333.9 3.3 381.9

2,693.2 3,321.7 3,114.9 314.1 3.5 627.4

2,813.9 3,151.1 3,081.2 306.9 3.6 575.8

43.4 34.2 4.2 8.9 58.5 60.5

73.1 33.3 6.3 15.5 47.4 52.2

45.6 45.6 4.0 15.9 32.8 39.7

35.9 41.2 3.6 15.6 34.0 39.5

35.6 39.7 3.3 11.3 35.6 35.8

30.8 37.0 2.5 9.8 34.7 42.4

31.7 39.1 2.6 13.9 27.3 59.5

29.9 33.5 3.5 15.2 28.1 61.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed data from 2006 are World Bank staff estimates based on reports provided by the country. Short-term debt is based on data from the BIS.

102


MALI

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,981 2,671 2,671 2,671 196 0 0 .. .. 114 42

3,196 3,036 3,036 3,032 132 5 0 .. .. 27 6

2,456 2,263 2,263 2,258 187 5 0 .. .. 6 0

2,922 2,499 2,499 2,495 230 4 0 .. .. 193 18

3,056 2,780 2,780 2,776 237 3 0 .. .. 39 26

3,424 3,080 3,080 3,077 277 3 0 .. .. 67 29

3,430 3,107 3,107 3,106 264 1 0 .. .. 58 29

3,668 3,331 3,331 3,330 256 1 0 .. .. 81 30

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

100 100 100 0 0 .. ..

280 280 277 3 0 .. ..

304 304 304 0 0 .. ..

292 292 292 0 0 .. ..

277 277 277 0 0 .. ..

348 348 348 0 0 .. ..

301 301 301 0 0 .. ..

453 453 453 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

50 50 50 0 0 .. ..

52 52 52 0 0 .. ..

39 39 38 1 0 .. ..

41 41 39 1 0 .. ..

34 34 33 0 0 .. ..

69 69 67 1 0 .. ..

64 64 63 1 0 .. ..

65 65 64 1 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

18 18 18 0 0 .. ..

27 27 27 0 0 .. ..

21 21 21 0 0 .. ..

25 25 25 0 0 .. ..

24 24 24 0 0 .. ..

27 27 27 0 0 .. ..

26 26 26 0 0 .. ..

32 32 32 0 0 .. ..

-6 -31 42 42 -7 -73 .. .. .. -73 25 24 0

360 191 210 102 -15 -20 3 .. 3 -23 169 160 9

627 253 272 151 6 -19 -1 .. -1 -18 374 373 1

860 466 298 148 45 168 -1 .. -1 169 395 393 2

273 89 251 69 7 -162 0 .. 0 -162 185 189 -4

437 343 319 149 38 24 -1 .. -1 25 94 95 -1

433 231 241 105 4 -10 -1 .. -1 -9 201 199 2

566 413 392 172 3 21 -1 .. -1 22 153 153 ..

2,924 664 1,045 76 73 382

6,038 1,443 2,108 190 177 854

10,260 2,508 4,236 402 473 1,344

12,516 2,859 4,371 407 784 1,379

11,941 3,427 4,495 445 827 1,341

12,813 3,384 5,794 393 895 1,306

14,004 3,330 5,942 367 920 861

12,706 2,507 4,926 .. 895 624

449.2 102.0 14.1 3.8 50.8 12.8

221.5 52.9 6.9 0.9 70.1 26.7

97.9 23.9 2.5 0.2 72.6 54.7

102.2 23.3 2.4 6.6 68.2 47.2

89.2 25.6 1.7 1.3 69.8 43.9

101.2 26.7 3.0 2.0 70.3 38.1

103.0 24.5 3.0 1.7 69.5 25.1

146.3 28.9 4.2 2.2 69.2 17.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

103


MAURITANIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,390 2,029 2,029 2,009 111 19 0 .. .. 251 112

2,321 2,071 2,071 2,048 83 23 0 .. .. 167 109

2,683 2,301 2,301 2,300 145 1 0 .. .. 237 76

2,815 2,485 2,485 2,485 178 0 0 .. .. 151 77

3,308 2,901 2,901 2,901 211 0 0 .. .. 196 76

3,529 3,102 3,102 3,102 226 0 0 .. .. 201 75

3,518 3,131 3,131 3,131 210 0 0 .. .. 178 73

3,691 3,254 3,254 3,254 196 0 0 .. .. 240 70

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

115 115 115 0 0 .. ..

143 143 128 15 0 .. ..

390 390 390 0 0 .. ..

256 256 256 0 0 .. ..

452 452 452 0 0 .. ..

296 296 296 0 0 .. ..

298 298 298 0 0 .. ..

345 345 345 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

46 46 43 2 0 .. ..

33 33 31 1 0 .. ..

76 76 65 11 0 .. ..

79 79 78 1 0 .. ..

85 85 85 0 0 .. ..

106 106 106 0 0 .. ..

154 154 154 0 0 .. ..

123 123 123 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

20 20 18 2 0 .. ..

20 20 19 1 0 .. ..

35 35 34 1 0 .. ..

41 41 41 0 0 .. ..

55 55 55 0 0 .. ..

54 54 54 0 0 .. ..

62 62 62 0 0 .. ..

85 85 85 0 0 .. ..

102 62 74 55 2 -11 -2 .. -2 -9 40 40 ..

904 92 87 40 -10 5 14 .. 14 -9 812 812 ..

581 451 359 39 34 92 -11 .. -11 103 131 131 ..

714 125 214 31 35 -88 -1 .. -1 -87 589 589 ..

1,831 445 399 38 33 46 .. .. .. 46 1,386 1,386 ..

1,336 210 204 8 14 6 .. .. .. 6 1,126 1,126 ..

623 120 141 9 -3 -21 .. .. .. -21 503 503 ..

784 282 217 6 -4 65 .. .. .. 65 502 502 ..

1,307 .. .. .. .. 46

2,249 .. .. .. .. 64

4,269 2,306 2,787 .. .. 272

5,011 3,124 3,522 .. .. 485

5,041 2,911 4,448 .. .. 949

5,443 2,957 4,360 .. .. ..

5,189 2,235 3,822 .. .. ..

.. 1,712 2,846 .. .. ..

.. 182.8 .. 10.5 41.6 1.9

.. 103.2 .. 7.2 60.8 2.8

116.4 62.9 4.9 8.8 50.3 10.1

90.1 56.2 3.9 5.4 51.1 17.2

113.6 65.6 4.9 5.9 48.1 28.7

119.3 64.8 5.6 5.7 47.5 ..

157.4 67.8 9.9 5.1 50.6 ..

215.6 .. 12.6 6.5 51.4 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of MDRI debt relief.

104


MAURITIUS

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

967 946 828 494 21 334 0 118 0 0 0

805 782 716 504 23 213 0 66 0 0 0

2,734 1,107 1,007 888 149 119 0 100 0 1,478 0

9,533 7,677 1,171 1,096 149 75 0 6,505 0 1,707 0

10,111 7,121 1,368 1,295 149 73 0 5,752 0 2,842 1

13,317 10,259 1,735 1,674 149 61 0 8,523 0 2,909 0

15,202 11,469 1,812 1,767 140 45 0 9,657 0 3,593 1

14,643 11,060 1,718 1,685 134 34 0 9,341 0 3,449 1

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

128 119 43 76 0 9 ..

138 126 62 64 0 11 ..

425 356 293 63 0 69 ..

4,625 296 268 28 0 4,329 ..

3,717 248 237 11 0 3,469 ..

6,386 405 405 0 0 5,981 ..

4,479 290 290 0 0 4,190 ..

2,776 75 75 0 0 2,701 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

401 385 55 330 150 16 ..

197 176 87 89 0 21 ..

118 69 45 24 0 49 ..

3,336 72 49 23 0 3,264 ..

3,025 59 45 15 0 2,966 ..

3,271 61 45 15 0 3,210 ..

3,164 108 98 9 0 3,056 ..

3,108 92 85 7 0 3,016 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

52 51 23 29 5 1 ..

30 30 19 10 0 0 ..

18 17 15 2 0 1 ..

77 22 20 2 0 55 ..

71 25 24 2 0 46 ..

75 25 24 1 0 50 ..

297 29 28 1 0 269 ..

228 27 26 0 0 201 ..

-11 -273 -12 -15 0 -261 -261 -150 -111 .. 262 266 -4

18 -59 -24 -7 0 -35 -35 0 -35 .. 77 42 36

922 492 249 -4 0 243 58 0 58 185 430 430 ..

1,952 1,519 219 46 0 1,300 1,070 0 1,070 230 433 433 ..

2,415 1,826 193 28 0 1,633 500 0 500 1,134 589 589 ..

3,476 3,183 360 49 0 2,823 2,756 0 2,756 67 293 293 ..

2,417 1,999 191 17 0 1,807 1,124 0 1,124 683 418 418 ..

-268 -477 -10 -24 0 -466 -322 0 -322 -144 208 208 ..

4,553 2,671 2,772 8 177 897

6,276 3,899 4,284 34 1 1,340

9,835 10,189 11,378 4,639 1 2,442

11,282 6,983 8,664 601 1 2,583

11,483 8,048 9,017 1,074 1 2,837

12,065 12,268 12,926 4,331 1 3,340

12,434 13,075 13,579 4,204 1 3,615

11,399 11,773 12,113 4,020 1 3,957

36.2 21.2 17.0 0.0 22.3 92.8

20.6 12.8 5.8 0.0 31.1 166.4

26.8 27.8 1.5 54.0 18.3 89.3

136.5 84.5 49.3 17.9 6.1 27.1

125.6 88.1 39.0 28.1 6.2 28.1

108.5 110.4 27.6 21.8 6.6 25.1

116.3 122.3 26.8 23.6 6.3 23.8

124.4 128.5 28.9 23.6 6.1 27

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: 2009-2010 long-term private nonguaranteed debt data are based on reports provided by the country and do not include offshore liabilities and 2011-2015 are World Bank staff estimates based on reports provided by the country. Short-term debt data are based on reports provided by the country and include offshore liabilities.

105


MEXICO

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

152,558 133,248 82,767 20,892 378 61,875 53,693 50,481 20,644 18,932 0

170,823 148,208 115,549 19,092 415 96,457 75,294 32,658 16,943 22,201 0

245,906 198,455 145,925 25,975 4,391 119,950 97,656 52,529 32,898 43,061 0

291,784 234,974 164,302 28,212 4,377 136,090 115,543 70,672 47,393 52,434 0

349,269 268,962 195,894 29,949 4,382 165,945 147,704 73,067 54,967 75,925 0

406,227 309,325 220,022 31,417 4,391 188,604 158,176 89,303 80,400 92,511 0

441,564 346,281 247,366 32,010 4,131 215,357 184,210 98,914 84,752 91,152 0

426,334 352,624 259,275 31,545 3,951 227,730 195,362 93,349 77,863 69,759 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

32,830 11,483 2,855 8,628 7,368 21,346 3,346

29,393 18,588 2,309 16,278 13,541 10,806 6,669

54,656 41,812 6,166 35,646 26,489 12,844 11,298

57,106 31,458 4,568 26,890 24,189 25,649 18,065

92,931 42,349 3,142 39,207 36,167 50,582 31,005

87,459 39,658 2,876 36,783 17,413 47,801 43,355

67,023 41,413 2,600 38,813 34,479 25,610 17,759

49,800 27,850 1,674 26,176 20,392 21,950 14,519

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

39,455 16,825 3,386 13,439 9,256 22,630 3,552

25,101 15,686 2,530 13,155 9,989 9,416 2,645

21,683 13,941 1,679 12,263 7,118 7,742 2,826

28,708 12,383 1,947 10,436 5,851 16,325 2,216

35,413 8,501 1,490 7,011 1,703 26,912 3,723

20,201 12,210 1,427 10,783 3,630 7,991 2,190

29,393 9,000 1,477 7,523 4,591 20,393 9,166

31,909 11,857 1,574 10,282 5,959 20,052 12,148

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

12,226 7,974 1,554 6,420 4,897 4,251 1,620

9,410 7,545 860 6,685 6,247 1,866 957

8,345 5,859 627 5,232 4,927 2,486 1,379

10,887 7,318 730 6,587 6,258 3,570 1,761

32,204 28,709 756 27,954 27,633 3,495 1,849

16,660 10,289 765 9,524 9,197 6,372 4,606

15,280 10,262 746 9,517 8,714 5,017 3,446

18,790 14,477 711 13,765 12,980 4,313 3,596

-2,865 -16,055 -4,830 418 -4,299 -11,225 -6,095 -2,094 -4,001 -5,130 13,189 12,743 447

28,110 6,181 -221 -382 0 6,402 4,513 7,576 -3,063 1,889 21,929 18,576 3,353

71,371 50,480 4,487 2,256 0 45,992 28,486 27,843 643 17,506 20,891 20,518 373

50,759 37,771 2,620 1,264 0 35,150 25,778 34,187 -8,410 9,373 12,989 19,555 -6,566

105,258 81,010 1,651 1,040 0 79,359 55,867 61,745 -5,879 23,492 24,248 14,371 9,877

121,990 83,844 1,449 360 0 82,395 65,809 54,948 10,861 16,586 38,146 39,089 -943

61,927 36,271 1,122 -68 0 35,149 36,508 38,481 -1,973 -1,359 25,656 20,822 4,833

23,202 -3,502 100 -135 0 -3,602 17,791 16,804 987 -21,393 26,704 23,103 3,601

668,631 185,853 211,599 6,086 7,525 35,509

850,654 235,187 266,378 8,608 22,742 74,054

1,061,247 324,906 351,663 9,907 22,080 120,265

1,173,921 376,155 413,113 13,710 23,588 143,991

1,184,279 400,742 440,257 18,499 23,366 160,413

1,242,781 412,243 464,874 28,633 23,433 175,432

1,285,931 430,054 479,218 19,540 24,462 190,923

1,135,773 412,103 469,111 15,618 26,164 173,458

82.1 22.8 31.9 12.4 11.3 23.3

72.6 20.1 15.5 13.0 9.8 43.4

75.7 23.2 10.1 17.5 8.7 48.9

77.6 24.9 11.2 18.0 8.0 49.3

87.2 29.5 17.7 21.7 7.3 45.9

98.5 32.7 10.1 22.8 6.7 43.2

102.7 34.3 11.5 20.6 6.3 43.2

103.5 37.5 13.2 16.4 6.6 40.7

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

106


MOLDOVA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,842 1,053 856 749 308 107 75 197 .. 481 14

2,219 1,238 698 664 264 34 25 540 .. 718 56

4,725 2,745 839 823 509 16 0 1,906 .. 1,471 37

5,217 2,907 865 844 655 21 0 2,042 .. 1,655 42

5,783 3,228 965 936 793 29 0 2,263 .. 1,762 52

6,560 3,603 997 968 773 29 0 2,606 .. 2,184 56

6,569 3,677 1,027 1,001 699 26 0 2,650 .. 2,193 60

6,338 4,206 1,069 1,047 628 22 0 3,137 .. 1,504 81

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

164 54 52 2 0 110 ..

237 26 26 0 0 211 ..

464 94 89 5 0 370 ..

539 103 89 14 0 436 ..

662 157 135 21 0 505 ..

683 109 94 15 0 574 ..

438 162 155 7 0 276 ..

310 137 134 3 0 173 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

58 30 27 3 0 28 ..

163 42 35 7 6 120 ..

306 55 47 8 0 251 ..

368 71 63 8 0 297 ..

467 65 51 14 0 402 ..

543 84 67 16 0 459 ..

455 61 54 8 0 394 ..

312 41 36 5 0 271 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

47 40 28 11 7 7 ..

42 22 20 2 2 20 ..

49 16 16 1 0 33 ..

58 16 16 0 0 42 ..

55 17 15 1 0 38 ..

66 17 16 1 0 49 ..

63 17 16 1 0 47 ..

43 15 14 0 0 28 ..

644 560 12 31 -12 547 82 0 82 465 84 81 3

265 157 -31 10 -22 188 84 -6 90 104 108 107 1

617 439 217 42 175 223 117 0 117 106 177 172 6

738 503 177 32 152 325 145 0 145 180 236 231 5

576 428 221 52 137 207 111 0 111 96 148 134 14

727 537 5 7 -22 532 113 0 113 418 190 180 10

166 -43 72 30 -29 -115 -119 0 -119 4 209 199 10

-515 -752 57 27 -41 -809 -100 0 -100 -709 237 233 3

1,310 699 1,008 3 178 222

3,347 1,871 2,673 45 915 597

6,297 2,719 4,463 152 1,753 1,718

7,593 3,674 5,922 257 1,813 1,965

8,101 3,756 5,898 117 1,986 2,511

8,850 4,195 6,315 165 2,192 2,818

8,815 4,070 6,165 134 2,076 2,154

6,958 3,292 4,798 224 1,540 1,754

263.3 140.6 22.5 26.1 22.1 12.1

118.6 66.3 13.6 32.3 18.4 26.9

173.8 75.0 14.5 31.1 12.0 36.4

142.0 68.7 12.7 31.7 11.9 37.7

154.0 71.4 15.3 30.5 12.8 43.4

156.4 74.1 16.1 33.3 12.2 43.0

161.4 74.5 14.6 33.4 12.9 32.8

192.5 91.1 12.9 23.7 13.8 27.7

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

107


MONGOLIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

960 833 833 831 114 3 0 .. .. 13 2

1,396 1,267 1,267 1,266 105 0 0 .. .. 25 0

5,928 5,290 1,782 1,775 273 7 0 3,508 .. 365 0

9,627 8,775 1,826 1,814 268 12 0 6,949 .. 583 0

15,385 14,248 3,243 1,734 234 1,508 1,500 11,006 900 903 0

18,893 17,189 3,540 2,035 140 1,505 1,500 13,650 900 1,563 4

20,826 18,379 3,498 1,995 73 1,503 1,500 14,881 919 2,374 0

21,542 19,040 3,596 2,096 68 1,500 1,500 15,444 1,119 2,435 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

75 75 75 0 0 .. ..

91 91 91 0 0 .. ..

2,929 66 66 0 0 2,863 ..

3,554 87 83 5 0 3,466 ..

6,422 1,558 58 1,500 1,500 4,864 900

3,867 425 425 0 0 3,442 0

2,057 179 179 0 0 1,877 19

2,031 223 223 0 0 1,808 500

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

22 22 19 3 0 .. ..

17 17 17 0 0 .. ..

139 122 44 77 75 18 ..

78 54 54 0 0 24 ..

898 84 80 4 0 814 0

885 71 68 3 0 814 0

869 63 60 3 0 807 0

1,323 61 58 3 0 1,262 300

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9 9 9 0 0 .. ..

15 15 15 0 0 .. ..

89 20 19 1 1 70 ..

155 20 20 0 0 134 ..

258 21 21 0 0 236 27

396 59 22 38 38 337 79

309 23 22 1 1 286 80

388 18 18 1 1 369 104

99 45 58 14 1 -12 -3 .. -3 -9 54 54 ..

111 -73 69 12 -6 -142 0 .. 0 -142 185 185 ..

4,938 2,925 40 17 19 2,885 2,768 -75 2,843 117 2,012 1,332 680

5,198 3,689 24 47 -4 3,665 3,447 .. 3,447 218 1,509 1,499 9

7,311 5,808 -58 20 -35 5,866 5,547 2,400 3,147 319 1,503 1,487 15

3,926 3,546 264 4 -93 3,282 2,625 0 2,625 657 380 377 3

1,971 1,941 58 6 -61 1,883 1,068 19 1,049 815 30 31 -1

957 767 163 4 -3 604 543 200 343 61 190 192 -2

1,132 627 791 9 12 179

2,472 1,494 1,635 41 180 333

6,591 3,423 4,496 465 266 2,197

9,566 5,481 8,478 630 279 2,275

11,343 5,402 9,004 594 320 3,930

11,872 5,030 8,364 282 256 2,096

11,233 6,406 7,954 469 255 1,540

10,680 5,375 6,088 533 265 1,247

153.2 84.8 6.6 1.3 48.1 18.6

93.5 56.5 3.0 1.8 56.4 23.9

173.2 89.9 7.0 6.2 18.1 37.1

175.6 100.6 4.6 6.1 11.6 23.6

284.8 135.6 22.4 5.9 7.4 25.5

375.6 159.1 27.9 8.3 6.0 11.1

325.1 185.4 20.0 11.4 5.2 7.4

400.8 201.7 32.6 11.3 5.3 5.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2008 are World Bank staff estimates based on reports provided by the country. Short-term debt before 2008 is based on data from the BIS.

108


MONTENEGRO

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

.. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. ..

1,603 1,378 1,359 846 40 512 267 19 0 186 ..

2,357 1,863 1,809 1,016 40 792 492 54 0 455 ..

2,834 2,256 2,188 1,172 40 1,016 501 68 0 538 ..

3,086 2,505 2,428 1,206 40 1,222 634 77 0 541 ..

2,537 2,448 2,368 1,087 37 1,281 786 80 0 52 ..

2,665 2,630 2,555 1,137 36 1,418 1,043 75 0 0 ..

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

395 383 35 348 265 12 ..

664 623 262 361 248 40 ..

526 506 187 319 0 21 ..

422 402 76 326 107 20 ..

523 494 93 401 360 29 ..

829 803 234 569 555 25 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

61 60 33 27 0 2 ..

127 125 43 81 0 2 ..

174 166 48 118 0 8 ..

269 255 85 170 0 14 ..

184 168 92 76 11 16 ..

410 388 92 295 210 23 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

34 33 20 13 0 1 ..

79 78 24 55 22 1 ..

87 86 24 63 37 1 ..

98 97 31 66 39 1 ..

92 91 25 66 39 1 ..

89 87 24 64 45 1 ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

-129 -687 2 -3 0 -689 332 265 67 -1,021 558 566 -8

1,228 806 218 -2 0 587 318 248 70 269 423 438 -15

970 435 139 88 0 297 214 0 214 83 535 535 0

500 156 -9 -5 0 164 161 107 54 3 344 330 14

138 -150 1 -12 0 -151 338 349 -11 -489 288 272 16

842 366 142 -15 0 225 277 344 -68 -52 476 465 10

.. .. .. .. .. ..

.. .. .. .. .. ..

4,110 1,722 2,826 99 301 556

4,575 2,198 3,152 45 343 393

4,157 1,975 2,918 33 333 459

4,552 2,125 2,938 28 423 584

4,649 2,142 2,992 71 431 661

4,096 1,982 2,624 45 381 734

.. .. .. .. .. ..

.. .. .. .. .. ..

93.1 39.0 5.7 11.6 34.7 34.7

107.2 51.5 9.7 19.3 28.7 16.7

143.5 68.2 13.6 19.0 27.9 16.2

145.2 67.8 17.6 17.5 27.0 18.9

118.5 54.6 13.1 2.0 28.7 26.1

134.5 65.1 25.2 0.0 23.4 27.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

109


MOROCCO

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

20,790 19,106 17,244 12,759 112 4,485 152 1,862 .. 1,573 122

16,254 15,449 12,398 10,075 122 2,323 472 3,051 .. 682 0

27,259 23,647 21,059 17,278 865 3,780 1,336 2,589 .. 2,747 0

29,924 25,225 22,392 18,637 862 3,755 1,294 2,833 .. 3,837 0

33,836 28,805 25,106 19,823 863 5,283 2,819 3,699 .. 4,167 0

39,263 33,048 28,280 21,869 865 6,411 3,629 4,768 .. 5,351 0

42,809 34,389 29,817 20,753 813 9,064 5,314 4,572 .. 7,607 0

42,989 35,343 29,728 20,028 778 9,701 5,189 5,615 .. 6,867 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,638 980 631 349 0 658 ..

2,456 1,658 1,562 97 0 798 ..

4,999 3,882 2,258 1,625 1,327 1,116 ..

4,506 3,285 2,995 290 0 1,222 ..

6,122 4,114 2,477 1,636 1,500 2,008 ..

7,486 4,407 3,176 1,231 750 3,079 ..

8,200 6,113 2,666 3,447 1,850 2,087 ..

6,062 3,712 2,372 1,340 0 2,350 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,632 1,593 928 666 30 39 ..

2,139 1,881 1,303 578 41 258 ..

2,423 1,270 1,086 184 0 1,154 ..

2,424 1,470 1,277 193 0 955 ..

2,770 1,572 1,392 180 0 1,198 ..

3,998 1,821 1,557 264 0 2,177 ..

3,714 1,873 1,648 225 0 1,841 ..

2,462 1,658 1,465 193 0 804 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

949 877 548 329 14 71 ..

569 501 388 113 25 68 ..

850 819 731 88 0 31 ..

758 723 571 152 62 35 ..

787 751 586 165 57 35 ..

1,015 908 659 249 130 107 ..

953 892 510 381 255 62 ..

981 872 456 416 266 110 ..

-216 -449 -296 -170 0 -153 302 -30 332 -455 233 215 18

1,845 831 259 -48 0 573 59 -41 99 514 1,013 950 64

4,613 3,112 1,172 68 0 1,940 1,403 1,327 77 537 1,501 1,369 132

5,414 3,172 1,718 502 0 1,454 364 .. 364 1,090 2,242 2,076 166

5,666 3,683 1,085 39 0 2,598 2,267 1,500 767 330 1,984 2,092 -108

7,928 4,671 1,619 1,108 0 3,053 1,869 750 1,119 1,183 3,256 3,213 43

9,876 6,742 1,018 304 0 5,724 3,468 1,850 1,618 2,256 3,134 3,134 ..

5,100 2,860 908 533 0 1,953 2,693 .. 2,693 -740 2,240 2,240 ..

38,094 9,127 12,085 268 2,161 4,823

62,069 17,281 21,616 594 4,589 16,187

91,933 27,913 39,109 1,445 6,423 22,960

99,661 32,649 48,764 2,086 7,256 19,333

96,282 32,954 49,913 2,092 6,508 16,211

105,779 33,086 49,667 1,279 6,882 18,197

107,524 36,415 52,707 2,219 8,094 19,672

98,539 33,814 43,624 1,419 6,904 22,254

227.8 54.6 29.7 7.6 29.3 23.2

94.1 26.2 15.8 4.2 35.9 99.6

97.7 29.7 11.8 10.1 37.2 84.2

91.7 30.0 9.9 12.8 37.8 64.6

102.7 35.1 10.9 12.3 35.6 47.9

118.7 37.1 15.3 13.6 36.1 46.3

117.6 39.8 13.1 17.8 31.1 46.0

127.1 43.6 10.5 16.0 30.0 51.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2009 is based on data from the BIS.

110


MOZAMBIQUE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

5,613 4,693 4,693 4,682 361 11 0 .. .. 560 404

4,392 3,366 3,366 3,364 312 2 0 .. .. 714 525

4,130 3,170 3,170 3,072 357 98 0 .. .. 603 504

4,649 4,032 4,032 3,802 355 230 0 .. .. 262 133

5,490 4,793 4,793 4,530 353 262 0 .. .. 344 174

7,895 6,826 6,826 5,695 351 1,131 850 .. .. 719 330

8,695 7,930 7,930 6,435 327 1,495 850 .. .. 438 133

10,056 8,903 8,903 6,913 399 1,991 850 .. .. 754 213

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

131 131 131 0 0 .. ..

326 326 326 0 0 .. ..

375 375 296 79 0 .. ..

613 613 462 151 0 .. ..

768 768 737 31 0 .. ..

1,982 1,982 1,110 872 850 .. ..

1,556 1,556 1,150 405 0 .. ..

1,370 1,370 766 605 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

34 34 33 1 0 .. ..

18 18 18 0 0 .. ..

38 38 30 8 0 .. ..

37 37 30 6 0 .. ..

49 49 45 4 0 .. ..

98 98 84 14 0 .. ..

102 102 90 11 0 .. ..

176 176 90 86 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

20 20 20 0 0 .. ..

22 22 22 0 0 .. ..

48 48 48 0 0 .. ..

31 31 31 0 0 .. ..

33 33 33 0 0 .. ..

55 55 53 2 0 .. ..

105 105 64 41 27 .. ..

190 190 79 110 54 .. ..

223 83 157 96 60 -74 -1 .. -1 -73 139 139 ..

186 125 297 222 -11 -172 .. .. .. -172 60 60 0

701 290 288 158 21 3 71 .. 71 -68 410 410 0

2,007 605 430 93 -2 174 144 .. 144 30 1,402 1,402 0

974 758 690 227 -2 68 27 .. 27 41 216 216 ..

3,059 2,100 1,023 369 -3 1,077 858 850 8 219 959 959 0

1,920 1,367 1,057 240 -3 310 394 0 394 -84 553 553 ..

2,646 1,518 763 280 87 755 519 0 519 236 1,128 1,128 ..

4,824 769 1,763 0 37 723

7,364 2,186 3,350 284 59 1,054

9,813 2,713 5,220 218 116 2,159

12,941 3,668 8,001 272 130 2,469

14,495 4,781 12,609 46 174 2,770

15,960 4,902 12,577 54 152 3,142

16,744 4,769 11,939 49 155 3,010

14,468 4,248 10,935 60 196 2,411

730.3 116.4 9.4 10.0 19.7 12.9

200.9 59.6 3.2 16.3 52.9 24.0

152.2 42.1 3.3 14.6 52.5 52.3

126.7 35.9 2.0 5.6 52.7 53.1

114.8 37.9 1.8 6.3 50.6 50.5

161.1 49.5 3.3 9.1 40.9 39.8

182.3 51.9 4.5 5.0 38.4 34.6

236.7 69.5 9.5 7.5 35.2 24.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include HIPC and MDRI debt relief.

111


MYANMAR

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

5,875 5,328 5,328 4,283 55 1,045 0 .. .. 492 492

6,674 5,815 5,815 4,721 63 1,094 0 .. .. 796 796

8,217 6,646 6,646 6,034 390 612 0 .. .. 1,181 1,181

8,192 6,620 6,620 6,014 381 605 0 .. .. 1,191 1,191

7,840 6,486 6,486 5,895 378 591 0 .. .. 977 977

7,251 5,978 5,978 5,399 380 579 0 .. .. 893 893

6,266 5,175 5,175 4,650 339 525 0 .. .. 752 752

6,401 5,306 5,240 4,716 341 525 0 66 .. 754 754

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

38 38 35 3 0 .. ..

1 1 1 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

931 931 931 0 0 .. ..

0 0 0 0 0 .. ..

18 18 18 0 0 .. ..

178 93 93 0 0 85 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6 6 2 4 0 .. ..

3 3 3 0 0 .. ..

2 2 2 0 0 .. ..

1 1 1 0 0 .. ..

764 764 764 0 0 .. ..

54 54 54 0 0 .. ..

49 49 49 0 0 .. ..

64 46 46 0 0 19 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1 1 0 0 0 .. ..

0 0 0 0 0 .. ..

1 1 1 0 0 .. ..

1 1 1 0 0 .. ..

179 179 179 0 0 .. ..

13 13 13 0 0 .. ..

13 13 13 0 0 .. ..

12 11 11 0 0 0 ..

286 31 33 0 0 -2 -2 .. -2 .. 255 255 ..

233 -2 -2 0 0 .. .. .. .. .. 235 235 ..

899 -2 -2 0 0 .. .. .. .. .. 901 901 ..

2,519 -1 -1 0 0 .. .. .. .. .. 2,520 2,520 ..

1,501 167 167 89 0 .. .. .. .. .. 1,334 1,334 ..

2,201 -54 -54 -26 0 .. .. .. .. .. 2,255 2,255 ..

1,367 -31 -31 -8 0 .. .. .. .. .. 1,398 1,398 ..

3,251 113 47 53 0 66 66 .. 66 .. 3,137 3,137 ..

.. 2,145 2,627 135 102 223

.. 3,838 3,429 1,388 129 771

.. 7,851 6,516 1,816 115 5,717

.. 8,658 10,614 1,955 127 7,004

73,934 9,745 11,555 2,396 275 6,964

57,366 12,387 13,925 2,011 1,644 ..

62,194 13,452 18,291 3,705 279 ..

.. 14,163 20,617 4,068 387 ..

273.9 .. 0.4 8.4 19.5 3.8

173.9 .. 0.1 11.9 18.4 11.5

104.7 .. 0.0 14.4 17.2 69.6

94.6 .. 0.0 14.5 17.1 85.5

80.5 10.6 9.7 12.5 19.0 88.8

58.5 12.6 0.5 12.3 20.2 0.0

46.6 10.1 0.5 12.0 20.6 0.0

45.2 .. 0.5 11.8 21.3 0.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Fiscal year-end for external debt data is March. Long-term public and publicly guaranteed, long-term private nonguaranteed debt data are World Bank staff estimates based on the original terms of the loans.

112


NEPAL

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,878 2,826 2,826 2,821 23 5 0 .. .. 29 0

3,191 3,112 3,112 3,108 32 5 0 .. .. 47 0

3,789 3,509 3,509 3,506 219 3 0 .. .. 61 0

3,828 3,530 3,530 3,528 214 2 0 .. .. 84 0

3,888 3,571 3,571 3,569 204 2 0 .. .. 113 0

4,088 3,649 3,649 3,648 189 2 0 .. .. 250 0

4,010 3,512 3,512 3,511 165 1 0 .. .. 333 0

4,155 3,612 3,612 3,612 194 0 0 .. .. 349 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

154 154 154 0 0 .. ..

196 196 196 0 0 .. ..

126 126 126 0 0 .. ..

174 174 174 0 0 .. ..

235 235 235 0 0 .. ..

265 265 265 0 0 .. ..

243 243 243 0 0 .. ..

405 405 405 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

67 67 60 7 0 0 0

86 86 85 1 0 0 0

148 148 148 0 0 0 0

154 154 153 1 0 0 0

175 175 175 0 0 0 0

165 165 164 1 0 0 0

171 171 171 0 0 0 0

165 165 165 0 0 0 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

28 28 27 1 0 .. ..

30 30 30 0 0 .. ..

32 32 32 0 0 .. ..

35 35 35 0 0 .. ..

33 33 33 0 0 .. ..

36 36 36 0 0 .. ..

40 40 40 0 0 .. ..

32 32 32 0 0 .. ..

69 69 90 33 -4 -21 -7 .. -7 -14 0 0 ..

124 121 111 3 .. 10 -1 .. -1 11 2 2 ..

121 34 17 -33 39 17 0 .. 0 17 88 88 ..

133 39 16 4 -4 22 -1 .. -1 23 94 94 ..

170 78 50 31 -10 29 0 .. 0 29 92 92 ..

296 221 85 91 -15 136 -1 .. -1 137 74 74 ..

173 142 60 53 -13 83 0 .. 0 83 30 30 ..

311 292 276 185 36 16 0 .. 0 17 19 19 ..

5,514 1,354 1,825 .. 111 945

8,153 1,423 2,803 57 1,212 1,499

16,125 1,781 5,995 50 3,464 2,937

19,018 2,150 6,588 59 4,217 3,631

19,003 2,177 6,969 34 4,793 4,307

19,393 2,516 7,618 25 5,589 5,293

19,971 2,803 8,844 26 5,889 6,027

21,217 2,681 7,799 49 6,730 7,937

212.5 52.2 7.6 1.0 85.4 32.9

224.2 39.1 8.5 1.5 85.8 47.0

212.7 23.5 10.6 1.6 82.7 77.5

178.0 20.1 9.2 2.2 82.2 94.8

178.6 20.5 10.3 2.9 80.8 110.8

162.5 21.1 8.8 6.1 79.0 129.5

143.1 20.1 8.3 8.3 77.4 150.3

155.0 19.6 8.3 8.4 77.2 191.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2013 is based on data from the BIS.

113


NICARAGUA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

6,822 5,716 5,435 5,219 194 216 0 281 .. 912 790

5,000 4,231 3,939 3,867 229 72 0 292 .. 540 364

7,002 5,251 2,683 2,680 359 3 0 2,567 .. 1,392 495

7,924 6,108 2,846 2,843 373 3 0 3,262 .. 1,443 506

8,950 6,895 3,055 3,051 361 3 0 3,840 .. 1,695 518

9,777 7,743 3,295 3,291 345 3 0 4,448 .. 1,690 528

10,213 8,408 3,564 3,561 303 3 0 4,844 .. 1,501 537

10,490 8,994 3,943 3,940 264 3 0 5,051 .. 1,232 547

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

511 226 220 6 0 285 ..

287 226 226 0 0 61 ..

1,186 267 267 0 0 919 ..

1,399 239 239 0 0 1,159 ..

1,219 258 258 0 0 961 ..

1,246 287 287 0 0 960 ..

1,191 401 401 0 0 790 ..

1,199 385 385 0 0 814 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

184 71 62 8 0 114 ..

110 64 64 0 0 47 ..

456 56 56 0 0 400 ..

540 63 63 0 0 477 ..

453 53 53 0 0 400 ..

456 54 53 0 0 403 ..

532 63 63 0 0 469 ..

596 72 71 0 0 524 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

91 79 76 3 0 12 ..

46 44 44 0 0 2 ..

104 33 33 0 0 70 ..

121 39 39 0 0 82 ..

144 39 39 0 0 105 ..

150 45 45 0 0 106 ..

155 56 56 0 0 100 ..

186 60 60 0 0 126 ..

617 350 179 81 21 172 169 .. 169 3 267 267 ..

451 210 153 63 -9 57 14 .. 14 43 241 241 ..

1,628 1,138 230 36 20 907 518 .. 518 389 490 490 ..

1,850 914 191 29 15 722 683 .. 683 40 936 936 ..

1,759 992 192 24 -13 800 561 .. 561 240 767 768 0

1,574 759 217 34 -16 542 557 .. 557 -15 816 816 ..

1,324 440 316 23 -22 124 321 .. 321 -197 884 884 ..

1,131 296 287 32 -27 9 289 .. 289 -280 835 835 ..

4,906 984 2,330 69 320 488

6,171 1,434 3,075 82 616 728

8,500 3,379 5,330 135 825 1,799

9,503 4,192 6,599 146 914 1,892

10,113 4,760 7,169 177 1,016 1,887

10,547 4,674 7,223 169 1,081 1,993

11,476 5,031 7,394 160 1,140 2,276

12,351 4,802 7,396 161 1,198 2,492

693.1 139.1 29.4 13.4 32.0 7.2

348.7 81.0 12.1 10.8 56.8 14.6

207.3 82.4 17.3 19.9 23.6 25.7

189.1 83.4 16.7 18.2 23.4 23.9

188.0 88.5 13.6 18.9 23.2 21.1

209.2 92.7 14.1 17.3 23.7 20.4

203.0 89.0 14.8 14.7 25.0 22.3

218.4 84.9 17.5 11.7 27.0 23.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2006 is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

114


NIGER

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,721 1,563 1,495 1,495 86 0 0 68 .. 72 60

1,966 1,785 1,753 1,753 141 0 0 33 .. 40 37

1,550 1,220 1,220 1,220 158 0 0 .. .. 172 23

2,236 1,928 1,928 1,928 153 0 0 .. .. 155 20

2,352 2,090 2,090 2,090 164 0 0 .. .. 98 23

2,660 2,322 2,322 2,322 173 0 0 .. .. 165 118

2,668 2,352 2,352 2,352 202 0 0 .. .. 114 76

2,892 2,550 2,550 2,550 237 0 0 .. .. 105 98

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

76 76 76 0 0 0 ..

122 122 122 0 0 0 ..

283 283 283 0 0 0 ..

746 746 746 0 0 .. ..

170 170 170 0 0 .. ..

252 252 252 0 0 .. ..

160 160 160 0 0 .. ..

380 380 380 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

14 12 12 0 0 2 ..

22 15 15 0 0 7 ..

14 7 7 0 0 7 ..

18 18 18 0 0 .. ..

19 19 19 0 0 .. ..

27 27 27 0 0 .. ..

32 32 32 0 0 .. ..

59 59 59 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

8 8 8 0 0 0 ..

13 11 11 0 0 2 ..

8 8 8 0 0 0 ..

10 10 10 0 0 .. ..

10 10 10 0 0 .. ..

13 13 13 0 0 .. ..

19 19 19 0 0 .. ..

20 20 20 0 0 .. ..

53 52 73 60 9 -22 -2 .. -2 -20 1 1 0

133 109 119 65 12 -10 -7 .. -7 -3 23 23 1

316 309 281 14 5 28 -7 .. -7 35 7 0 6

1,767 709 723 82 -5 -14 .. .. .. -14 1,058 1,062 -4

647 101 161 92 11 -60 .. .. .. -60 546 526 20

652 206 234 100 9 -28 .. .. .. -28 446 446 ..

583 159 168 61 41 -9 .. .. .. -9 424 410 14

859 334 365 76 44 -31 .. .. .. -31 525 525 ..

1,782 334 485 2 14 81

3,396 602 1,095 21 66 251

5,674 1,332 2,916 17 134 760

6,362 1,433 3,208 60 166 673

6,807 1,665 3,015 179 152 1,015

7,483 1,820 3,265 181 146 1,167

8,094 1,847 3,384 .. 146 1,281

7,079 1,192 2,812 .. 146 1,039

515.7 96.6 8.0 4.2 59.8 4.7

326.5 57.9 6.8 2.0 79.0 12.8

116.4 27.3 1.8 11.1 42.9 49.1

156.0 35.1 2.4 7.0 36.8 30.1

141.3 34.5 2.2 4.2 40.4 43.1

146.2 35.6 2.7 6.2 41.4 43.9

144.4 33.0 3.4 4.3 42.6 48.0

242.6 40.8 7.5 3.6 49.0 35.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

115


NIGERIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

32,374 31,049 30,042 26,596 205 3,446 2,051 1,007 .. 1,120 43

25,755 25,527 20,248 18,039 225 2,209 1,442 5,279 .. 3 3

15,484 12,904 4,691 4,691 2,580 0 0 8,213 .. 0 0

17,663 15,091 5,937 5,437 2,572 500 500 9,155 500 0 0

18,127 15,552 6,680 6,180 2,575 500 500 8,872 850 0 0

21,144 18,563 8,286 7,286 2,580 1,000 1,000 10,277 2,125 1 1

24,756 22,328 9,133 8,133 2,427 1,000 1,000 13,195 4,475 0 0

29,029 26,707 10,633 9,633 2,322 1,000 1,000 16,075 5,275 0 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

946 153 153 0 0 792 ..

2,449 379 345 34 0 2,070 ..

1,117 1,057 1,057 0 0 61 ..

2,681 1,587 1,087 500 500 1,093 500

1,586 833 833 0 0 752 350

3,274 1,870 1,370 500 500 1,404 1,275

8,436 1,378 1,378 0 0 7,058 2,350

5,548 1,658 1,658 0 0 3,890 800

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,092 1,057 915 142 0 35 ..

3,863 3,863 3,685 179 0 0 ..

1,189 248 244 4 0 942 ..

426 274 274 0 0 152 0

1,192 158 158 0 0 1,035 0

226 226 226 0 0 0 0

4,278 138 138 0 0 4,140 0

1,104 94 94 0 0 1,010 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

690 673 516 157 128 18 ..

4,937 4,937 4,717 220 170 0 ..

59 59 59 0 0 0 ..

96 77 61 17 17 19 19

144 94 60 34 34 50 50

267 168 71 97 97 99 99

267 126 80 46 46 141 141

364 171 123 49 49 193 193

1,235 95 -762 -191 .. 857 616 0 616 241 1,140 1,140 ..

4,319 -1,414 -3,340 22 .. 1,925 1,925 0 1,925 0 5,733 4,983 751

8,048 -72 813 905 .. -885 -885 0 -885 0 8,120 5,966 2,153

13,414 2,255 813 567 .. 1,441 1,441 1,000 441 0 11,160 8,589 2,571

17,355 393 675 472 .. -282 -282 350 -632 0 16,962 7,003 9,959

14,115 3,049 1,144 630 .. 1,904 1,904 1,775 129 0 11,066 5,534 5,532

9,837 4,157 1,239 860 .. 2,918 2,918 2,350 568 0 5,679 4,643 1,037

7,017 4,444 1,564 733 .. 2,880 2,880 800 2,080 0 2,573 3,060 -487

40,238 21,183 15,383 2,279 1,392 9,911

98,881 57,149 35,773 2,603 14,640 28,280

349,460 83,697 91,290 19,958 19,745 34,919

388,904 103,336 114,474 23,070 20,617 35,212

438,689 99,481 103,917 22,277 20,543 46,405

489,237 100,300 103,056 25,257 20,797 45,427

549,333 85,523 106,375 19,509 20,829 36,669

465,480 51,029 87,385 12,725 21,060 30,606

152.8 80.5 8.8 3.5 10.3 30.6

45.1 26.0 15.4 0.0 9.9 109.8

18.5 4.4 1.5 0.0 27.8 225.5

17.1 4.5 0.5 0.0 27.2 199.4

18.2 4.1 1.3 0.0 29.6 256.0

21.1 4.3 0.5 0.0 29.5 214.9

28.9 4.5 5.3 0.0 27.2 148.1

56.9 6.2 2.9 0.0 26.8 105.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed debt data for 2015 are World Bank staff estimates based on the original terms of the loans. Long-term private nonguaranteed debt data from 2005 are estimates based on Central Bank data. Short-term debt is revised from 2001 based on reports provided by the country.

116


PAKISTAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

33,022 29,752 27,192 25,134 1,751 2,058 623 2,560 45 1,519 0

34,018 31,053 30,089 28,907 1,735 1,182 1,100 964 600 1,230 0

64,003 49,412 43,403 41,604 10,258 1,799 1,550 6,009 250 4,333 0

65,520 51,494 45,129 43,362 9,962 1,768 1,550 6,365 250 4,065 0

62,144 50,658 44,738 43,009 7,684 1,729 1,550 5,920 250 3,802 0

60,057 49,440 43,305 41,614 5,113 1,690 1,550 6,135 12 5,505 0

62,262 51,723 45,944 40,523 5,001 5,422 4,550 5,779 12 5,538 0

65,482 54,990 48,212 40,799 6,359 7,413 5,050 6,778 12 4,133 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,647 1,530 1,526 4 0 117 0

2,831 2,231 1,619 612 600 600 600

5,474 1,854 1,852 1 0 3,620 0

3,210 2,572 2,572 0 0 638 0

2,312 2,312 2,312 0 0 0 0

4,163 2,418 2,418 0 0 1,746 12

7,746 7,144 3,376 3,768 3,000 602 0

6,621 5,407 3,169 2,238 500 1,214 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,588 1,143 1,106 37 0 445 0

1,466 1,139 996 143 108 327 0

3,009 2,133 1,425 707 600 876 600

1,665 1,383 1,351 32 0 282 0

1,527 1,395 1,356 39 0 132 0

3,361 1,830 1,791 39 0 1,531 250

2,671 1,713 1,674 39 0 958 0

2,101 1,886 1,663 223 0 215 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

858 642 528 114 61 217 2

681 605 554 50 47 76 3

840 781 649 131 120 59 30

784 711 594 117 111 73 22

752 686 583 103 99 65 22

914 666 582 84 81 248 11

946 678 489 188 155 269 0

1,125 920 569 351 309 205 0

2 -341 331 10 -89 -672 -361 0 -361 -311 343 308 35

3,760 1,108 381 419 -242 727 742 1,092 -350 -15 2,652 2,201 451

9,225 6,692 1,787 78 1,360 4,906 2,038 -1,200 3,238 2,867 2,533 2,022 511

2,410 1,005 950 601 -272 56 324 0 324 -269 1,405 1,380 25

-434 -1,752 -1,319 268 -2,275 -433 -171 0 -171 -263 1,318 1,140 178

1,590 -57 -1,936 113 -2,562 1,879 176 -238 414 1,703 1,647 1,536 111

7,972 5,308 1,902 1,167 200 3,406 3,374 3,000 374 33 2,664 1,899 765

6,114 4,706 3,096 1,310 1,591 1,609 3,014 500 2,514 -1,404 1,408 884 524

73,025 10,115 14,362 429 1,075 1,513

111,767 19,763 32,448 1,872 4,280 10,033

184,164 28,737 43,884 2,140 9,690 14,346

223,348 32,279 51,089 2,102 12,263 14,528

236,253 31,963 52,876 2,373 14,007 10,242

243,148 30,544 53,631 2,908 14,629 5,156

257,256 31,107 55,931 3,181 17,244 11,807

286,512 29,171 52,877 3,334 19,306 17,830

326.5 45.2 28.4 4.6 40.9 4.6

172.1 30.4 12.5 3.6 46.9 29.5

222.7 34.8 14.9 6.8 38.5 22.4

203.0 29.3 9.1 6.2 38.8 22.2

194.4 26.3 14.8 6.1 40.4 16.5

196.6 24.7 26.3 9.2 39.9 8.6

200.2 24.2 18.2 8.9 38.2 19.0

224.5 22.9 12.9 6.3 37.3 27.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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 before 2010 is based on data from the BIS and thereafter short-term debt is World Bank staff estimates based on Central Bank data.

117


PANAMA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

6,608 6,483 5,703 1,289 124 4,414 4,141 780 266 1 1

8,694 8,632 6,890 1,306 61 5,584 5,505 1,742 635 0 0

48,882 23,692 10,420 2,126 303 8,293 8,071 13,272 911 24,887 0

57,056 28,176 10,890 2,399 302 8,491 8,272 17,286 1,261 28,577 0

61,429 30,242 10,790 2,733 303 8,057 7,725 19,452 2,061 30,885 0

68,348 32,682 12,212 3,214 303 8,998 8,306 20,470 3,671 35,363 0

78,023 39,161 14,087 3,809 285 10,278 9,506 25,074 5,506 38,577 0

87,724 44,099 15,410 4,372 273 11,037 10,377 28,689 6,608 43,353 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

724 486 97 388 370 238 0

1,595 1,325 94 1,231 1,230 270 150

2,220 440 440 0 0 1,780 0

5,228 973 438 535 535 4,255 350

3,095 652 537 114 0 2,443 800

2,929 2,314 704 1,610 1,250 615 270

6,495 2,479 1,122 1,357 1,250 4,016 969

5,841 2,062 812 1,250 1,250 3,779 450

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

411 386 109 277 120 25 0

1,403 1,152 139 1,013 995 251 0

556 170 165 5 0 386 150

754 511 175 336 333 243 0

1,194 917 174 742 741 278 0

1,029 764 179 584 584 266 0

714 215 188 27 0 499 220

969 731 240 491 379 239 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

418 365 79 287 264 53 24

618 531 59 471 467 87 44

797 670 75 595 592 126 83

817 701 76 624 621 116 73

783 697 77 620 606 86 42

922 669 85 585 567 252 205

965 691 93 597 558 274 226

986 752 116 636 616 234 195

707 261 -63 -2 -52 324 324 249 75 0 447 447 ..

652 182 -55 -31 -10 237 237 385 -148 0 470 470 ..

5,235 3,267 275 -15 0 2,993 1,389 -150 1,539 1,604 1,967 1,967 ..

10,093 8,164 263 -21 0 7,901 4,210 552 3,658 3,691 1,929 1,929 ..

6,612 4,208 363 90 0 3,845 1,538 59 1,479 2,307 2,404 2,404 ..

9,771 6,378 524 89 0 5,854 1,375 936 439 4,478 3,394 3,394 ..

12,976 8,996 934 504 0 8,062 4,848 1,999 2,849 3,214 3,980 3,980 ..

13,810 9,647 573 270 0 9,075 4,299 1,321 2,978 4,776 4,163 4,163 ..

11,732 9,384 10,233 562 16 723

15,444 11,578 12,883 1,048 130 1,211

26,105 21,993 25,244 2,176 410 2,714

31,903 28,978 33,671 2,025 368 2,304

37,408 32,355 36,620 2,426 411 2,466

41,932 31,933 36,397 3,033 452 2,848

45,875 30,221 35,136 2,989 760 4,032

48,643 29,402 32,673 3,802 560 3,378

70.4 56.3 9.5 0.0 15.5 10.9

75.1 56.3 17.6 0.0 12.8 13.9

222.3 187.3 6.2 50.9 3.7 5.6

196.9 178.8 5.4 50.1 3.6 4.0

189.9 164.2 6.1 50.3 3.9 4.0

214.0 163.0 6.1 51.7 4.3 4.2

258.2 170.1 7.3 49.4 4.6 5.2

298.4 180.3 8.9 49.4 4.7 3.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data before 2008 only cover Inter-American Development Bank and Bonds, from 2008 to 2013 data are world Bank Staff estimates based on National Institute of Statistics and Census data while from 2014, data are based on reports provided by the country.

118


PAPUA NEW GUINEA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,325 2,204 1,454 1,394 51 60 0 750 .. 70 0

1,871 1,651 1,264 1,213 13 51 0 387 .. 207 0

5,987 5,380 1,042 1,009 193 33 0 4,337 .. 414 0

12,584 12,268 1,069 1,043 193 26 0 11,199 .. 123 0

14,922 14,468 1,130 1,114 193 16 0 13,338 .. 261 0

21,610 21,102 1,256 1,248 193 8 0 19,847 .. 314 0

20,429 19,439 1,369 1,368 182 1 0 18,070 .. 808 0

20,031 19,439 1,501 1,500 174 1 0 17,937 .. 418 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

254 219 206 13 0 35 ..

335 45 44 1 0 290 ..

3,153 37 37 0 0 3,116 ..

8,158 94 94 0 0 8,064 ..

2,717 161 161 0 0 2,556 ..

7,692 231 231 0 0 7,461 ..

1,028 244 244 0 0 784 ..

562 242 242 0 0 320 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

196 115 96 19 0 80 ..

183 114 93 21 0 69 ..

758 67 60 7 0 691 ..

1,076 79 71 8 0 997 ..

349 78 70 8 0 271 ..

1,028 75 69 7 0 953 ..

822 74 68 6 0 748 ..

519 67 66 0 0 452 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

85 54 50 5 0 31 ..

54 38 36 2 0 16 ..

50 16 16 1 0 33 ..

104 19 19 1 0 85 ..

131 18 18 0 0 113 ..

231 18 17 0 0 213 ..

336 20 20 0 0 317 ..

575 21 21 0 0 555 ..

146 50 128 12 19 -78 -51 .. -51 -27 96 96 ..

249 218 -110 -7 -61 327 200 .. 200 127 31 31 ..

2,726 2,697 -23 -6 .. 2,720 2,418 .. 2,418 302 28 28 ..

6,482 6,790 23 2 .. 6,768 7,059 .. 7,059 -291 -309 -309 ..

2,443 2,506 91 10 .. 2,415 2,277 .. 2,277 138 -64 -64 ..

6,735 6,717 162 9 .. 6,555 6,502 .. 6,502 53 18 18 ..

664 700 176 14 .. 524 30 .. 30 494 -36 -30 -6

-320 -347 176 5 .. -522 -133 .. -133 -390 27 28 -1

3,303 2,369 2,013 198 7 287

4,528 3,649 3,368 511 7 718

9,124 6,097 6,920 466 3 3,033

12,322 7,380 7,796 350 17 4,256

14,662 6,856 9,274 566 14 3,930

14,768 6,407 9,990 391 14 2,775

16,527 8,984 6,712 209 10 2,254

.. 9,742 4,159 257 10 1,692

98.2 70.4 12.9 3.0 35.5 12.3

51.3 41.3 8.4 11.1 44.7 38.4

98.2 65.6 13.3 6.9 11.9 50.7

170.5 102.1 16.0 1.0 5.6 33.8

217.7 101.8 7.0 1.7 5.2 26.3

337.3 146.3 19.9 1.5 4.4 12.8

227.4 123.6 13.0 4.0 5.0 11.0

205.6 .. 11.3 2.1 5.4 8.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

119


PARAGUAY

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

3,106 2,539 2,089 1,641 18 449 0 450 .. 549 11

8,279 4,880 2,267 1,846 20 421 0 2,614 .. 3,379 0

15,895 11,375 2,383 2,116 147 267 0 8,992 .. 4,373 0

15,573 11,045 2,321 2,088 146 233 0 8,724 .. 4,382 0

16,040 11,233 2,262 2,068 146 194 0 8,971 500 4,661 0

15,706 10,839 2,700 2,045 147 655 500 8,139 500 4,721 0

16,493 11,513 3,720 2,104 138 1,616 1,500 7,794 800 4,841 0

16,162 11,228 4,033 2,150 132 1,883 1,780 7,194 800 4,802 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

192 192 192 0 0 0 ..

1,292 144 141 3 0 1,147 ..

1,912 308 308 0 0 1,605 ..

512 163 163 0 0 349 ..

1,670 227 227 0 0 1,443 500

1,023 712 212 500 500 310 0

3,499 1,261 261 1,000 1,000 2,238 300

1,471 496 216 280 280 975 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

207 114 107 7 0 93 ..

332 206 176 29 0 126 ..

313 239 224 15 0 75 ..

711 244 211 34 0 467 ..

1,738 240 201 39 0 1,497 0

1,351 208 169 39 0 1,143 0

2,778 195 156 39 0 2,583 0

1,580 171 158 13 0 1,409 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

116 100 70 30 0 16 ..

115 94 77 17 0 21 ..

131 65 63 2 0 66 ..

140 66 61 4 0 75 ..

179 59 55 4 0 120 38

236 65 51 15 12 170 38

227 77 51 26 23 149 50

535 135 50 85 84 400 0

-113 -218 85 26 .. -303 -100 .. -100 -203 105 105 ..

1,073 1,041 -35 -10 .. 1,077 995 .. 995 81 32 32 ..

1,998 1,911 84 -26 .. 1,827 1,515 .. 1,515 312 87 87 ..

86 -190 -47 -14 .. -143 -151 .. -151 9 277 277 ..

887 211 26 86 .. 185 -94 500 -594 279 677 677 ..

125 -269 43 1 .. -312 -371 500 -871 60 394 394 ..

1,325 842 105 38 .. 737 616 1,300 -684 121 484 484 ..

179 -148 58 51 .. -206 -167 280 -447 -39 328 328 ..

7,085 3,972 4,396 84 152 763

7,360 5,182 5,473 158 161 1,297

18,618 11,135 11,749 759 410 4,137

23,793 13,336 13,940 641 541 4,950

22,950 12,384 13,644 1,069 634 4,557

27,287 14,413 14,655 1,084 623 5,556

29,344 13,898 14,631 965 507 6,669

26,082 11,660 12,795 899 554 5,659

78.2 43.8 9.0 17.7 37.7 24.6

159.8 112.5 9.2 40.8 15.2 15.7

142.8 85.4 4.1 27.5 9.5 26.0

116.8 65.5 6.5 28.1 9.7 31.8

129.5 69.9 15.7 29.1 10.0 28.4

109.0 57.6 11.6 30.1 10.6 35.4

118.7 56.2 21.9 29.4 10.8 40.4

138.6 62.0 18.6 29.7 11.6 35.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2002 are estimates based on Central Bank data. Short-term debt is based on data from the BIS until 2002 and on Central Bank data from 2003.

120


PERU

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

28,834 24,229 19,291 14,461 677 4,830 3,727 4,938 150 3,928 14

29,514 26,114 22,542 13,836 188 8,706 8,390 3,572 1,230 3,212 4

42,154 34,822 20,009 10,555 939 9,454 9,311 14,813 727 6,393 1

45,012 37,751 20,142 10,721 936 9,422 9,299 17,608 1,705 6,325 0

54,150 44,680 19,966 9,982 937 9,984 9,894 24,714 4,665 8,532 0

56,803 49,414 17,219 7,646 939 9,573 9,511 32,195 9,885 6,450 0

61,270 53,408 15,903 7,236 884 8,667 8,625 37,505 13,571 6,978 0

65,938 58,018 19,407 7,883 845 11,524 11,496 38,611 15,250 7,075 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,066 1,489 1,454 35 0 577 0

3,721 2,635 985 1,650 1,650 1,086 1,080

5,425 3,862 1,601 2,261 2,261 1,563 0

3,386 1,003 1,003 0 0 2,382 1,705

6,865 1,347 447 900 900 5,518 2,960

5,793 376 376 0 0 5,417 5,220

8,015 449 449 0 0 7,565 3,686

8,918 4,865 1,350 3,515 3,515 4,052 1,679

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,003 986 840 146 0 17 0

4,193 3,037 2,922 114 90 1,156 0

4,060 3,490 2,971 518 497 570 0

2,128 892 867 25 0 1,236 727

2,758 1,348 1,013 335 312 1,410 0

5,130 2,846 2,431 415 400 2,284 0

3,283 1,008 620 388 374 2,275 0

2,734 909 624 285 271 1,825 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,175 1,106 918 188 179 69 11

1,718 1,404 807 596 568 314 56

2,550 1,096 346 750 742 1,454 284

1,789 1,001 288 712 705 788 463

3,007 969 275 694 688 2,038 176

1,581 951 243 708 704 630 392

1,688 864 142 722 719 824 589

1,875 810 136 675 672 1,065 814

1,216 283 473 173 -141 -190 448 0 448 -638 933 810 123

3,298 -50 -1,976 -17 -40 1,927 1,465 2,640 -1,175 461 3,348 2,579 769

10,822 2,974 -1,370 119 0 4,344 2,735 1,764 971 1,608 7,849 7,762 87

6,887 1,191 136 -232 0 1,055 1,121 978 143 -67 5,696 5,548 147

18,598 6,314 -566 -298 0 6,880 4,673 3,548 1,125 2,207 12,284 12,426 -142

5,389 -1,419 -2,055 -611 0 636 2,718 4,820 -2,102 -2,082 6,808 6,223 585

10,645 5,260 -171 17 0 5,431 4,903 3,312 1,591 528 5,385 5,464 -79

12,228 6,280 726 877 0 5,554 5,457 4,922 535 97 5,947 6,007 -60

49,571 8,942 11,489 344 718 8,374

69,883 20,006 20,631 4,030 1,440 13,599

137,317 39,986 46,794 10,714 2,534 42,648

157,217 51,052 57,430 12,511 2,697 47,206

180,304 52,743 61,287 11,403 2,788 62,300

191,398 49,248 61,067 9,301 2,707 64,423

193,527 46,292 58,697 7,964 2,639 61,185

185,261 41,030 52,791 5,225 2,725 60,413

322.5 58.2 28.9 13.6 19.3 29.0

147.5 42.2 30.4 10.9 26.8 46.1

105.4 30.7 16.7 15.2 18.7 101.2

88.2 28.6 7.9 14.1 17.7 104.9

102.7 30.0 11.1 15.8 14.0 115.1

115.3 29.7 13.8 11.4 10.0 113.4

132.4 31.7 10.9 11.4 9.2 99.9

160.7 35.6 11.5 10.7 9.7 91.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data are World Bank staff estimates based on reports provided by the country.

121


PHILIPPINES

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

58,456 50,777 33,744 19,890 2,183 13,855 10,466 17,033 2,856 5,495 0

58,693 51,742 35,364 18,580 555 16,784 14,290 16,378 2,975 6,395 0

65,303 53,500 45,039 23,208 1,290 21,831 20,534 8,462 1,651 10,512 0

66,063 52,726 44,582 23,585 1,287 20,997 19,722 8,144 1,579 12,050 0

69,372 51,632 43,050 21,932 1,288 21,118 19,966 8,582 2,600 16,452 0

66,202 48,003 38,593 18,532 1,290 20,061 19,151 9,410 6,250 16,909 0

77,104 59,641 37,459 17,470 1,214 19,989 19,277 22,183 7,325 16,248 0

77,725 61,465 36,145 18,239 1,161 17,906 17,324 25,320 9,537 15,099 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5,747 5,228 1,528 3,701 2,630 519 5

5,544 3,874 1,144 2,730 2,384 1,670 250

10,928 8,251 1,370 6,881 6,680 2,677 0

7,959 5,004 1,709 3,295 3,121 2,954 1,075

5,761 3,829 1,436 2,393 2,241 1,933 1,525

4,617 824 772 51 0 3,793 3,650

16,507 3,283 1,738 1,546 1,500 13,224 1,075

12,262 6,548 2,298 4,250 4,250 5,714 2,287

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4,047 2,515 1,572 943 395 1,533 445

5,748 3,353 1,788 1,566 1,209 2,395 333

8,341 6,813 1,818 4,996 4,807 1,527 174

6,311 4,887 2,007 2,880 2,669 1,424 158

2,728 2,632 1,757 875 655 96 0

2,918 2,767 2,184 583 366 151 0

3,046 2,595 1,546 1,049 892 451 0

4,842 3,333 1,398 1,934 1,834 1,509 75

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,469 1,882 841 1,041 880 586 479

3,152 2,409 584 1,825 1,725 743 283

3,112 2,977 498 2,479 2,441 135 25

3,195 2,850 489 2,361 2,323 345 147

2,975 2,846 431 2,415 2,379 129 107

2,923 2,662 341 2,320 2,289 261 243

3,054 2,547 295 2,253 2,227 506 385

3,258 2,431 252 2,179 2,160 826 452

3,348 2,551 261 -190 305 2,290 1,744 1,796 -52 546 797 999 -202

2,569 828 -961 -253 -317 1,788 439 1,092 -653 1,349 1,741 1,321 420

9,716 9,097 -447 52 0 9,544 3,035 1,700 1,335 6,509 619 -214 833

5,756 3,186 -299 690 0 3,484 1,946 1,369 576 1,539 2,570 1,531 1,040

12,012 7,435 -321 67 0 7,755 3,354 3,111 243 4,402 4,577 2,824 1,753

3,205 2,155 -1,412 297 0 3,567 3,111 3,284 -174 457 1,050 1,084 -34

16,473 12,801 192 283 0 12,609 13,270 1,683 11,587 -661 3,672 2,476 1,196

8,116 6,272 900 731 0 5,372 6,521 4,629 1,892 -1,149 1,844 2,588 -744

94,969 30,797 38,668 230 6,924 13,090

129,804 38,514 48,158 1,382 13,733 15,926

265,931 61,241 71,658 2,417 21,557 55,363

268,494 64,792 77,716 2,910 23,054 67,290

301,388 75,080 87,631 3,955 24,610 73,478

330,990 76,206 85,896 3,518 26,717 75,689

345,248 84,101 96,127 4,277 28,691 72,057

352,993 82,024 97,837 4,125 29,799 73,964

189.8 61.6 22.9 9.4 12.3 22.4

152.4 45.2 24.7 10.9 11.3 27.1

106.6 24.6 18.7 16.1 12.8 84.8

102.0 24.6 14.7 18.2 13.7 101.9

92.4 23.0 7.6 23.7 13.5 105.9

86.9 20.0 7.7 25.5 12.9 114.3

91.7 22.3 7.3 21.1 11.7 93.5

94.8 22.0 9.9 19.4 13.1 95.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data no longer include unregistered debt and are revised from 2005 based on the reports provided by the country.

122


ROMANIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

11,259 9,945 6,583 4,149 552 2,434 736 3,362 .. 762 12

38,884 31,102 13,330 6,152 369 7,177 2,123 17,773 .. 7,413 13

115,393 81,627 20,801 14,280 16,609 6,520 3,006 60,826 .. 17,157 1

119,601 82,365 24,869 16,887 17,738 7,982 4,852 57,496 117 19,498 1

120,826 88,755 29,495 17,395 15,748 12,100 10,166 59,260 288 16,323 1

123,954 98,870 35,574 19,178 9,540 16,395 14,783 63,296 4,707 15,544 1

111,824 96,190 36,792 16,863 3,352 19,929 18,802 59,398 328 12,282 0

95,955 81,419 32,574 13,794 1,498 18,780 17,998 48,845 235 13,039 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,144 1,937 1,083 854 139 1,207 ..

12,909 2,637 1,016 1,621 623 10,272 ..

17,435 5,623 4,128 1,495 1,327 11,812 ..

17,847 6,177 3,900 2,277 2,070 11,670 83

20,958 6,507 1,263 5,244 5,117 14,451 38

21,721 6,379 2,154 4,225 4,186 15,342 135

19,249 6,263 716 5,547 5,540 12,986 382

15,465 3,569 1,349 2,220 2,218 11,896 222

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,706 984 493 491 0 721 75

5,170 1,697 590 1,107 374 3,473 ..

15,784 2,150 668 1,482 929 13,633 ..

15,729 1,274 767 507 0 14,454 0

15,998 2,190 853 1,337 0 13,808 4

19,679 1,341 935 406 0 18,338 0

16,143 1,183 842 340 0 14,961 364

19,789 4,726 2,826 1,900 1,664 15,064 261

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

632 439 269 171 45 193 7

1,247 672 229 443 184 575 ..

2,180 617 297 320 156 1,563 ..

2,454 751 421 330 171 1,703 3

2,313 971 471 500 362 1,342 6

2,230 1,155 464 691 648 1,076 6

2,243 1,324 462 861 832 919 7

1,978 1,318 399 919 901 660 4

2,834 1,843 608 293 18 1,235 849 64 785 386 991 933 58

15,646 10,619 275 77 -152 10,344 7,312 249 7,063 3,032 5,028 4,795 232

10,890 8,489 9,124 -75 5,664 -635 -1,808 398 -2,207 1,174 2,400 2,397 3

7,654 5,672 4,346 789 1,213 1,327 -1,015 2,153 -3,167 2,341 1,981 2,020 -38

1,271 -212 -1,587 -21 -1,997 1,375 4,550 5,151 -601 -3,175 1,483 1,074 408

-627 -4,917 -4,962 769 -6,181 45 824 4,320 -3,497 -779 4,290 3,236 1,054

-1,763 -6,052 -6,023 199 -5,897 -29 3,233 5,557 -2,325 -3,262 4,289 3,754 535

-1,281 -5,293 -3,201 572 -1,725 -2,091 -2,847 516 -3,363 756 4,011 3,650 362

37,177 12,230 14,445 72 96 2,470

96,805 25,560 38,547 2,935 952 19,872

165,463 55,642 68,302 665 641 43,361

182,295 70,591 83,764 719 694 42,939

168,704 66,746 78,427 1,713 733 41,162

187,417 79,466 85,132 3,837 3,519 44,811

196,798 85,307 88,917 2,478 3,381 39,165

173,811 75,611 80,801 4,185 3,085 35,167

92.1 30.3 20.5 6.8 29.9 21.9

152.1 40.2 27.0 19.1 14.4 51.1

207.4 69.7 33.2 14.9 11.6 37.6

169.4 65.6 26.8 16.3 13.4 35.9

181.0 71.6 31.4 13.5 13.7 34.1

156.0 66.1 36.3 12.5 14.9 36.2

131.1 56.8 28.8 11.0 14.6 35.0

126.9 55.2 31.4 13.6 13.8 36.6

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

123


RUSSIAN FEDERATION

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

146,665 112,033 90,270 70,954 19,002 19,316 15,543 21,762 1,412 15,630 4,530

249,832 214,595 76,006 34,729 8,107 41,277 29,005 138,589 12,956 27,131 3,151

417,892 348,894 165,621 7,592 8,735 158,028 25,510 183,273 2,100 60,263 56

544,358 465,714 195,424 5,286 8,708 190,137 31,560 270,291 12,792 69,936 52

591,835 501,167 209,984 4,351 8,717 205,634 52,769 291,182 11,092 81,952 52

668,508 575,724 273,793 3,529 8,735 270,264 59,360 301,931 14,407 84,050 50

549,631 479,663 228,351 2,846 8,217 225,504 38,997 251,313 11,492 61,750 50

467,720 417,710 194,156 2,442 7,860 191,714 30,567 223,555 11,639 42,150 50

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,416 1,036 776 261 0 380 75

48,438 12,100 441 11,659 1,495 36,338 7,226

70,301 49,805 1,320 48,486 9,665 20,496 ..

93,720 30,008 169 29,838 10,299 63,712 10,692

120,192 27,956 107 27,849 21,200 92,237 3,299

83,980 64,547 72 64,475 15,060 19,433 3,120

9,718 591 67 524 0 9,126 1,640

12,163 5,579 81 5,499 1,125 6,584 1,620

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,333 2,031 1,206 825 268 1,302 825

29,121 23,151 18,695 4,456 3,765 5,971 822

42,977 30,004 1,096 28,908 5,805 12,973 186

33,072 20,968 2,480 18,488 5,016 12,105 ..

30,864 13,404 1,044 12,360 0 17,459 4,999

34,182 18,889 896 17,993 8,512 15,293 2,620

68,673 45,822 740 45,082 20,188 22,851 4,555

81,737 40,618 476 40,142 10,427 41,120 1,473

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,759 2,682 1,227 1,454 1,320 1,077 165

7,002 4,521 2,339 2,182 2,095 2,481 907

12,291 1,707 62 1,645 791 10,584 ..

10,956 2,964 96 2,867 1,961 7,992 137

18,390 3,011 85 2,926 1,856 15,379 331

15,716 3,177 68 3,109 2,340 12,540 527

19,092 3,630 54 3,576 2,301 15,462 597

18,462 2,974 45 2,929 1,791 15,488 616

-980 -2,805 -3,318 274 -2,888 513 -1,487 -1,018 -469 2,000 1,825 1,674 150

29,430 16,562 -21,642 -528 -3,389 38,204 37,570 4,134 33,437 634 12,868 13,032 -163

58,660 34,862 224 -596 .. 34,638 27,100 3,674 23,426 7,538 23,798 28,684 -4,885

93,686 70,324 -2,311 -556 .. 72,635 62,958 15,976 46,982 9,677 23,362 33,157 -9,796

126,017 101,345 -937 -456 .. 102,282 90,266 19,500 70,766 12,016 24,672 23,510 1,162

76,630 51,898 -825 -405 .. 52,722 50,622 7,048 43,575 2,100 24,732 32,358 -7,625

-71,123 -81,255 -673 -328 .. -80,583 -58,283 -23,103 -35,180 -22,300 10,133 23,099 -12,966

-84,368 -89,174 -395 -146 .. -88,779 -69,179 -9,155 -60,024 -19,600 4,807 10,345 -5,538

252,972 115,273 69,960 884 500 24,264

745,491 286,351 200,317 19,506 3,437 175,891

1,477,813 479,897 406,127 48,561 5,250 443,586

1,971,439 616,135 513,137 61,600 6,103 453,948

2,101,980 637,532 560,117 67,174 5,788 486,577

2,151,067 634,135 591,432 69,362 6,751 469,603

1,963,844 609,723 544,032 68,604 7,777 339,370

1,289,956 430,549 355,925 41,124 6,870 319,835

127.2 58.0 10.1 10.7 4.8 16.5

87.2 33.5 14.2 10.9 2.3 70.4

87.1 28.3 11.6 14.4 0.7 106.1

88.4 27.6 7.2 12.8 0.4 83.4

92.8 28.2 7.8 13.8 0.3 82.2

105.4 31.1 8.0 12.6 0.2 70.2

90.1 28.0 14.5 11.2 0.2 61.7

108.6 36.3 23.3 9.0 0.2 68.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed and long-term private nonguaranteed debt are World Bank staff estimates based on reports provided by the country.

124


RWANDA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,290 1,148 1,148 1,147 104 1 0 .. .. 38 16

1,526 1,415 1,415 1,415 97 0 0 .. .. 15 13

906 759 759 759 133 0 0 .. .. 14 0

1,216 971 971 971 132 0 0 .. .. 112 0

1,263 1,045 1,045 1,045 131 0 0 .. .. 86 0

1,694 1,553 1,553 1,153 130 400 400 .. .. 11 0

2,022 1,877 1,877 1,355 119 522 400 .. .. 25 0

2,244 2,121 2,121 1,660 112 460 400 .. .. 11 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

40 40 40 0 0 .. ..

85 85 85 0 0 .. ..

63 63 63 0 0 .. ..

230 230 230 0 0 .. ..

94 94 94 0 0 .. ..

527 527 127 400 400 .. ..

409 409 287 122 0 .. ..

379 379 379 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

13 13 13 0 0 .. ..

13 13 13 0 0 .. ..

8 8 8 0 0 .. ..

12 12 12 0 0 .. ..

13 13 13 0 0 .. ..

14 14 14 0 0 .. ..

15 15 15 0 0 .. ..

79 79 17 62 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

8 8 8 0 0 .. ..

10 10 10 0 0 .. ..

6 6 6 0 0 .. ..

7 7 7 0 0 .. ..

8 8 8 0 0 .. ..

24 24 10 14 14 .. ..

38 38 11 27 27 .. ..

26 26 13 13 13 .. ..

33 25 41 31 14 -16 .. .. .. -16 8 8 ..

82 72 70 47 -2 2 .. .. .. 2 11 11 ..

122 58 54 9 0 4 .. .. .. 4 64 42 21

453 315 217 136 -1 98 .. .. .. 98 138 106 31

220 54 80 38 -1 -26 .. .. .. -26 167 160 7

551 436 111 41 -2 325 400 400 .. -75 115 113 2

530 405 269 167 -3 136 122 .. 122 14 125 124 1

436 283 359 285 -3 -75 -62 .. -62 -14 152 151 1

1,719 142 452 3 7 191

2,554 260 693 5 9 406

5,656 639 1,708 4 106 813

6,348 933 2,273 12 174 1,050

7,125 1,027 2,570 1 182 848

7,386 1,299 2,915 .. 123 1,070

7,755 1,256 2,825 22 128 1,066

7,913 1,415 3,036 46 161 1,030

911.5 75.0 25.7 3.0 77.3 14.8

586.8 59.8 10.9 1.0 89.0 26.6

141.9 16.0 2.3 1.6 70.5 89.7

130.3 19.1 2.1 9.2 67.4 86.4

123.0 17.7 2.2 6.8 69.4 67.2

130.4 22.9 3.2 0.7 55.2 63.2

160.9 26.1 4.5 1.2 54.5 52.7

158.5 28.4 7.7 0.5 60.9 45.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include the effects of HIPC and MDRI debt relief.

125


SAMOA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

139.2 137.7 137.7 137.7 1.5 0.0 0.0 .. .. 0.0 0.0

169.1 167.5 167.5 167.5 1.6 0.0 0.0 .. .. 0.0 0.0

325.1 299.1 299.1 299.1 26.0 0.0 0.0 .. .. 0.0 0.0

368.3 342.4 342.4 342.4 25.9 0.0 0.0 .. .. 0.0 0.0

422.9 396.9 396.9 396.9 26.0 0.0 0.0 .. .. 0.0 0.0

447.2 412.3 412.3 412.3 34.9 0.0 0.0 .. .. 0.0 0.0

450.2 417.3 417.3 417.3 32.9 0.0 0.0 .. .. 0.0 0.0

437.4 407.6 407.6 407.6 29.8 0.0 0.0 .. .. 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6.7 6.7 6.7 0.0 0.0 .. ..

10.4 10.4 10.4 0.0 0.0 .. ..

78.9 78.9 78.9 0.0 0.0 .. ..

47.6 47.6 47.6 0.0 0.0 .. ..

64.3 64.3 64.3 0.0 0.0 .. ..

26.0 26.0 26.0 0.0 0.0 .. ..

36.5 36.5 36.5 0.0 0.0 .. ..

23.3 23.3 23.3 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4.2 4.2 4.2 0.0 0.0 .. ..

4.3 4.3 4.3 0.0 0.0 .. ..

7.2 7.2 7.2 0.0 0.0 .. ..

7.7 7.7 7.7 0.0 0.0 .. ..

8.6 8.6 8.6 0.0 0.0 .. ..

9.7 9.7 9.7 0.0 0.0 .. ..

13.4 13.4 13.4 0.0 0.0 .. ..

13.7 13.7 13.7 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1.3 1.3 1.3 0.0 0.0 .. ..

1.5 1.5 1.5 0.0 0.0 .. ..

3.3 3.3 3.3 0.0 0.0 .. ..

4.1 4.1 4.1 0.0 0.0 .. ..

4.7 4.7 4.7 0.0 0.0 .. ..

5.2 5.2 5.2 0.0 0.0 .. ..

5.7 5.7 5.7 0.0 0.0 .. ..

5.6 5.6 5.6 0.0 0.0 .. ..

0.9 2.5 2.5 5.0 0.0 .. .. .. .. .. -1.5 -1.5 ..

9.9 6.1 6.1 6.7 0.0 .. .. .. .. .. 3.8 3.8 ..

70.3 71.6 71.6 19.9 0.0 .. .. .. .. .. -1.3 -1.3 ..

48.8 39.8 39.8 0.9 0.0 .. .. .. .. .. 9.0 9.0 ..

69.6 55.7 55.7 2.8 0.0 .. .. .. .. .. 13.9 13.9 ..

49.4 25.2 25.2 0.6 8.8 .. .. .. .. .. 24.2 24.2 ..

45.7 23.1 23.1 -1.9 0.0 .. .. .. .. .. 22.6 22.6 ..

23.5 7.9 7.9 4.5 -1.6 .. .. .. .. .. 15.6 15.6 ..

269.0 .. .. .. 45.0 63.7

441.4 147.3 300.2 30.0 81.6 81.8

638.1 201.8 392.7 23.7 138.5 209.4

734.4 211.8 463.1 29.2 159.6 166.8

767.3 238.0 423.7 23.3 177.7 168.7

763.0 249.2 464.1 32.2 164.6 170.7

774.3 242.0 455.4 26.0 140.5 140.7

735.4 191.5 328.2 .. 154.2 139.4

.. 51.7 .. .. 92.9 45.7

114.8 38.3 3.9 .. 91.7 48.4

161.1 50.9 5.3 .. 67.4 64.4

173.9 50.2 5.6 .. 60.8 45.3

177.7 55.1 5.6 .. 56.7 39.9

179.5 58.6 6.0 .. 53.8 38.2

186.0 58.1 7.9 .. 49.2 31.2

228.4 59.5 11.0 .. 48.9 31.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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 2013, 2014, and 2015 are $3.2 billion, $4.5 billion and $4.6 billion respectively.

126


SÃO TOMÉ AND PRÍNCIPE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

304.8 278.3 278.3 278.3 3.3 0.0 0.0 .. .. 23.3 11.3

335.6 317.1 317.1 317.1 4.1 0.0 0.0 .. .. 14.4 14.4

181.1 145.3 145.3 145.3 15.9 0.0 0.0 .. .. 19.9 5.9

231.0 189.2 189.2 189.2 15.8 0.0 0.0 .. .. 25.9 5.9

201.6 169.3 169.3 169.3 16.4 0.0 0.0 .. .. 15.9 7.9

214.4 183.3 183.3 183.3 17.0 0.0 0.0 .. .. 14.1 8.1

212.9 186.5 186.5 186.5 14.9 0.0 0.0 .. .. 11.6 6.6

249.4 224.6 224.6 224.6 14.2 0.0 0.0 .. .. 10.6 6.5

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9.4 9.4 9.4 0.0 0.0 .. ..

5.4 5.4 5.4 0.0 0.0 .. ..

19.8 19.8 19.8 0.0 0.0 .. ..

47.6 47.6 47.6 0.0 0.0 .. ..

3.1 3.1 3.1 0.0 0.0 .. ..

16.0 16.0 16.0 0.0 0.0 .. ..

26.1 26.1 26.1 0.0 0.0 .. ..

45.3 45.3 45.3 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2.2 2.2 2.2 0.0 0.0 .. ..

4.4 4.4 4.4 0.0 0.0 .. ..

1.2 1.2 1.2 0.0 0.0 .. ..

1.1 1.1 1.1 0.0 0.0 .. ..

10.8 10.8 10.8 0.0 0.0 .. ..

4.8 4.8 4.8 0.0 0.0 .. ..

11.1 11.1 11.1 0.0 0.0 .. ..

0.7 0.7 0.7 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1.2 1.2 1.2 0.0 0.0 .. ..

2.1 2.1 2.1 0.0 0.0 .. ..

0.3 0.3 0.3 0.0 0.0 .. ..

0.3 0.3 0.3 0.0 0.0 .. ..

0.5 0.5 0.5 0.0 0.0 .. ..

0.5 0.5 0.5 0.0 0.0 .. ..

1.1 1.1 1.1 0.0 0.0 .. ..

1.0 1.0 1.0 0.0 0.0 .. ..

13.5 9.7 9.7 1.3 2.5 .. .. .. 0.0 0.0 3.8 3.8 ..

17.2 1.5 1.5 2.5 0.5 .. .. .. 0.0 0.0 15.7 15.7 ..

72.7 22.1 19.1 0.1 0.6 3.0 .. .. 0.0 3.0 50.6 50.6 ..

84.6 52.5 46.5 0.0 0.0 6.0 .. .. 0.0 6.0 32.2 32.2 ..

3.3 -19.1 -7.1 0.0 0.6 -12.0 .. .. 0.0 -12.0 22.5 22.5 ..

18.6 9.8 11.8 0.0 0.5 -2.0 .. .. 0.0 -2.0 8.9 8.8 0.0

30.0 12.9 13.9 -0.1 -1.1 -1.0 .. .. 0.0 -1.0 17.1 17.1 ..

69.6 43.6 44.6 -0.2 -0.1 -1.0 .. .. 0.0 -1.0 26.0 26.1 -0.1

.. 16.8 41.2 .. 0.5 11.6

123.3 17.9 57.6 .. 1.5 26.7

194.8 26.2 122.8 .. 6.4 48.2

239.6 31.2 149.4 .. 6.9 52.3

263.4 34.0 147.0 .. 6.4 51.6

303.1 54.4 180.2 .. 26.6 63.8

334.1 99.7 235.0 0.2 26.8 63.4

.. 97.0 190.1 1.0 20.0 72.6

1811.4 .. 25.8 7.6 55.5 3.8

1873.4 272.3 37.2 4.3 58.8 8.0

690.9 93.0 6.3 11.0 20.6 26.6

740.1 96.4 5.3 11.2 18.0 22.6

593.7 76.6 33.5 7.9 18.7 25.6

393.8 70.7 11.0 6.6 17.6 29.8

213.7 63.7 13.4 5.4 17.7 29.8

257.1 .. 2.8 4.2 15.1 29.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt is based on data from the BIS. Data include HIPC and MDRI debt relief.

127


SENEGAL

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

3,653 3,221 3,208 3,203 286 5 0 13 .. 146 1

3,862 3,643 3,501 3,492 183 9 0 141 .. 36 0

3,909 3,458 3,150 2,950 451 200 200 308 .. 0 0

4,325 3,879 3,614 3,114 447 500 500 265 .. 0 0

4,906 4,464 4,198 3,696 442 502 500 266 .. 0 0

5,226 4,788 4,517 4,015 438 502 500 271 .. 0 0

5,620 5,225 4,953 4,011 395 942 931 272 .. 0 0

5,893 5,549 5,320 4,123 344 1,198 886 229 .. 0 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

137 136 131 5 0 1 ..

382 333 333 0 0 49 ..

434 352 352 0 0 83 ..

1,009 928 428 500 500 81 ..

747 672 670 2 0 74 ..

535 409 409 0 0 126 ..

992 871 361 510 500 122 ..

643 595 456 138 0 49 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

127 125 124 0 0 3 ..

112 83 81 2 0 29 ..

229 84 83 2 0 144 ..

236 139 139 0 0 96 ..

211 138 138 0 0 73 ..

268 147 147 0 0 121 ..

214 116 106 10 10 97 ..

193 101 101 0 0 92 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

58 58 58 0 0 0 ..

55 45 44 1 0 10 ..

75 64 46 18 18 11 ..

122 108 57 51 51 15 ..

102 85 48 37 37 17 ..

128 107 61 46 46 21 ..

126 109 64 45 45 17 ..

150 138 63 75 64 12 ..

-106 -153 5 78 -2 -158 3 .. 3 -161 47 49 -2

388 242 224 171 -28 18 18 .. 18 0 146 152 -6

544 254 318 109 49 -63 -63 .. -63 0 290 267 23

1,081 770 286 172 -3 485 485 500 -15 0 310 296 14

805 530 527 137 -5 3 3 .. 3 0 275 276 -1

574 262 256 131 -5 5 5 .. 5 0 312 311 1

1,175 761 237 138 -18 524 524 490 35 0 414 403 11

761 416 321 162 -34 95 95 .. 95 0 345 345 ..

4,589 1,391 1,938 84 233 388

8,551 2,562 3,991 173 789 1,186

12,799 3,418 5,557 135 1,478 2,047

14,274 4,055 6,969 209 1,614 1,946

13,865 4,210 7,496 244 1,576 2,082

14,606 4,493 7,907 306 1,777 2,253

15,459 4,593 7,900 342 1,929 2,038

13,553 3,598 6,528 .. 1,614 2,012

262.6 79.6 16.2 4.0 52.4 10.6

150.7 45.2 7.9 0.9 72.9 30.7

114.4 30.5 8.9 0.0 50.5 52.4

106.7 30.3 8.9 0.0 51.8 45.0

116.5 35.4 7.6 0.0 51.5 42.4

116.3 35.8 8.9 0.0 53.5 43.1

122.4 36.4 7.8 0.0 48.8 36.3

163.8 43.5 10.5 0.0 47.0 34.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2009 is based on data from the BIS.

128


SERBIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

11,573 6,789 6,178 4,243 226 1,935 0 611 0 4,558 3,668

16,159 12,970 7,756 6,679 947 1,077 0 5,214 0 2,242 728

32,935 27,417 9,504 8,172 2,720 1,332 0 17,912 165 2,798 352

31,724 27,779 11,339 8,738 2,783 2,601 1,000 16,440 165 1,162 324

34,444 30,910 13,701 9,324 2,517 4,378 2,750 17,208 0 1,018 367

36,397 34,180 16,722 10,085 1,647 6,637 5,250 17,457 641 571 279

33,079 31,710 16,569 9,114 830 7,454 6,250 15,142 878 539 419

30,807 29,291 16,343 8,961 633 7,382 6,250 12,948 1,041 884 557

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

222 222 187 35 0 0 0

2,904 311 311 0 0 2,593 0

4,617 1,388 1,149 239 0 3,230 0

6,280 2,541 1,137 1,404 1,000 3,739 0

6,382 2,854 965 1,889 1,750 3,528 0

8,973 3,789 999 2,789 2,500 5,184 641

4,976 1,893 765 1,128 1,000 3,083 237

3,115 1,381 1,240 141 0 1,734 162

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0 0 0 0 0 0 0

570 48 48 0 0 522 0

3,431 351 275 76 0 3,081 0

4,257 451 350 101 0 3,806 0

4,756 623 494 129 0 4,133 165

6,296 1,149 580 568 0 5,147 0

6,321 904 706 198 0 5,417 0

2,987 834 701 133 0 2,153 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0 0 0 0 0 0 0

367 237 194 44 0 129 0

759 321 241 80 0 438 10

905 348 257 91 0 557 10

978 430 268 162 73 548 5

1,269 617 313 303 221 652 0

1,234 615 228 387 318 619 51

1,116 593 199 394 337 523 76

103 51 268 0 81 -217 35 0 35 -252 52 52 ..

2,827 2,827 241 68 -22 2,586 2,071 0 2,071 515 .. .. ..

2,326 1,201 1,332 188 458 -130 312 0 312 -442 1,125 1,040 84

4,063 489 861 126 74 -372 1,235 1,000 235 -1,607 3,574 3,505 69

1,357 1,171 204 27 -268 968 1,155 1,585 -430 -188 186 210 -24

2,886 1,452 -448 -41 -867 1,900 2,258 3,141 -884 -358 1,434 1,475 -41

-416 -2,272 -696 169 -755 -1,577 -1,404 1,237 -2,641 -173 1,857 1,878 -22

2,191 173 376 274 -162 -203 -410 162 -572 207 2,018 2,108 -90

6,540 .. .. .. .. 392

25,929 .. .. .. .. 5,628

38,569 13,167 20,302 564 4,118 12,715

45,412 16,217 25,560 1,597 3,960 14,877

39,335 15,587 24,103 1,251 3,549 13,585

43,643 19,332 26,330 1,578 4,025 14,803

42,429 20,032 26,655 1,484 3,696 11,372

34,679 18,094 23,558 1,530 3,371 10,727

.. 177.0 .. 39.4 12.4 3.4

.. 62.3 .. 13.9 22.0 34.8

250.1 85.4 32.7 8.5 14.8 38.6

195.6 69.9 32.1 3.7 17.1 46.9

221.0 87.6 38.7 3.0 17.6 39.4

188.3 83.4 43.7 1.6 17.5 40.7

165.1 78.0 41.5 1.6 17.2 34.4

170.3 88.8 23.6 2.9 18.7 34.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Beginning 2006, the data for Serbia exclude Montenegro. Short-term debt before 2014 is World Bank staff estimates based on Central Bank data.

129


SIERRA LEONE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,248 1,006 1,006 1,000 196 5 0 .. .. 46 39

1,805 1,566 1,566 1,354 217 213 0 .. .. 21 11

931 661 661 450 266 211 0 .. .. 4 0

1,050 741 741 533 274 208 0 .. .. 35 0

1,126 837 837 628 274 210 0 .. .. 14 0

1,396 901 901 705 281 195 0 .. .. 214 0

1,238 910 910 715 303 195 0 .. .. 25 1

1,378 946 946 753 391 193 0 .. .. 41 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

77 77 77 0 0 .. ..

51 51 51 0 0 .. ..

66 66 66 0 0 .. ..

95 95 95 0 0 .. ..

106 106 106 0 0 .. ..

89 89 89 0 0 .. ..

52 52 52 0 0 .. ..

80 80 80 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

10 10 10 0 0 .. ..

5 5 5 0 0 .. ..

5 5 5 0 0 .. ..

7 7 7 0 0 .. ..

8 8 8 0 0 .. ..

10 10 10 0 0 .. ..

14 14 14 0 0 .. ..

14 14 14 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9 9 9 0 0 .. ..

9 9 9 0 0 .. ..

4 4 4 0 0 .. ..

6 6 6 0 0 .. ..

6 6 6 0 0 .. ..

7 7 7 0 0 .. ..

8 8 8 0 0 .. ..

7 7 7 0 0 .. ..

59 57 56 68 -12 1 .. .. .. 1 1 1 ..

107 54 64 19 18 -10 .. .. .. -10 53 53 ..

309 83 102 32 41 -19 .. .. .. -19 225 225 0

898 128 97 35 9 31 .. .. .. 31 770 770 0

637 77 98 39 0 -21 .. .. .. -21 560 553 7

716 285 85 14 7 200 .. .. .. 200 431 422 9

279 -111 79 10 41 -190 .. .. .. -190 389 389 ..

703 184 167 5 102 17 .. .. .. 17 519 519 ..

616 62 262 2 7 49

1,590 267 509 41 2 171

2,645 427 1,191 46 44 409

3,050 548 2,711 219 59 439

3,452 1,243 2,689 180 65 478

4,874 1,768 2,707 378 70 533

4,824 1,494 3,231 374 62 601

4,390 .. .. .. 66 620

1,998.3 202.6 76.4 3.7 46.1 3.9

675.5 113.5 6.9 1.2 47.9 9.4

218.3 35.2 2.7 0.4 39.9 43.9

191.8 34.4 3.4 3.3 39.6 41.8

90.6 32.6 1.7 1.2 43.2 42.5

78.9 28.6 1.5 15.3 39.6 38.2

82.9 25.7 2.3 2.0 45.6 48.5

.. 31.4 .. 3.0 42.9 45.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

130


SOLOMON ISLANDS

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

156.2 152.1 120.7 117.3 0.9 3.4 0.0 31.5 .. 3.2 1.8

167.4 151.2 144.2 143.8 0.9 0.4 0.0 7.0 .. 15.3 12.3

230.8 201.9 125.3 125.2 24.9 0.1 0.0 76.6 .. 4.0 4.0

257.5 210.3 117.8 117.8 34.4 0.0 0.0 92.4 .. 12.9 8.9

228.1 191.5 110.2 110.2 34.6 0.0 0.0 81.3 .. 2.0 0.0

204.0 166.0 101.1 101.1 34.9 0.0 0.0 64.9 .. 3.0 0.0

187.3 140.8 89.6 89.6 31.8 0.0 0.0 51.1 .. 14.8 0.0

207.5 158.0 81.2 81.2 27.7 0.0 0.0 76.8 .. 21.7 0.0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3.4 3.4 3.4 0.0 0.0 0.0 ..

5.7 5.7 5.3 0.4 0.0 0.0 ..

36.8 0.0 0.0 0.0 0.0 36.8 ..

27.3 0.0 0.0 0.0 0.0 27.3 ..

2.2 0.0 0.0 0.0 0.0 2.2 ..

5.5 0.0 0.0 0.0 0.0 5.5 ..

13.4 0.0 0.0 0.0 0.0 13.4 ..

34.6 2.1 2.1 0.0 0.0 32.5 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6.2 2.7 2.7 0.0 0.0 3.5 ..

10.0 5.8 3.2 2.6 0.0 4.2 ..

17.5 8.6 8.4 0.2 0.0 8.9 ..

12.6 6.6 6.5 0.1 0.0 6.0 ..

21.8 6.5 6.5 0.0 0.0 15.3 ..

38.9 6.4 6.4 0.0 0.0 32.5 ..

13.5 6.5 6.5 0.0 0.0 7.0 ..

8.5 5.4 5.4 0.0 0.0 3.2 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2.7 0.8 0.8 0.0 0.0 1.9 ..

3.9 1.7 1.7 0.0 0.0 2.3 ..

3.2 1.7 1.7 0.0 0.0 1.5 ..

2.6 1.7 1.7 0.0 0.0 0.9 ..

8.1 1.5 1.5 0.0 0.0 6.5 ..

5.3 1.4 1.4 0.0 0.0 3.9 ..

2.2 1.4 1.4 0.0 0.0 0.8 ..

2.2 1.1 1.1 0.0 0.0 1.1 ..

-2.4 -4.4 0.6 0.4 0.0 -5.0 -3.5 .. -3.5 -1.5 2.0 2.0 ..

-2.0 -2.3 2.1 0.1 0.0 -4.4 -6.4 .. -6.4 2.0 0.3 0.3 ..

105.5 27.9 1.1 -1.2 9.5 26.8 27.8 .. 27.8 -1.0 77.6 77.6 ..

89.1 28.5 3.3 -1.3 9.8 25.2 21.2 .. 21.2 4.0 60.6 60.6 ..

8.1 -21.3 -6.3 -1.2 0.2 -15.1 -13.1 .. -13.1 -2.0 29.5 29.5 ..

-63.2 -32.2 -6.1 -1.4 0.2 -26.0 -27.0 .. -27.0 1.0 -31.0 -31.0 ..

11.8 10.6 -7.6 -1.6 -1.1 18.2 6.4 .. 6.4 11.8 1.2 1.2 ..

32.1 30.4 -5.9 0.6 -2.7 36.3 29.3 .. 29.3 7.0 1.7 1.7 ..

435.5 128.8 176.4 8.3 4.3 32.0

415.5 154.9 250.1 5.3 7.2 94.8

496.5 334.8 610.9 47.6 14.3 265.8

672.5 566.1 712.8 76.1 16.9 412.3

931.4 652.3 728.0 64.3 20.7 469.5

1,051.4 604.8 740.1 10.2 20.6 491.5

1,099.6 613.4 743.5 45.8 16.3 466.9

1,153.9 577.6 696.1 60.7 18.6 494.1

121.3 35.9 7.1 2.1 64.3 20.5

108.1 40.3 9.1 9.1 63.9 56.7

68.9 46.5 6.2 1.7 45.8 115.2

45.5 38.3 2.7 5.0 38.8 160.1

35.0 24.5 4.6 0.9 41.2 205.8

33.7 19.4 7.3 1.5 42.4 241.0

30.5 17.0 2.8 7.9 40.9 249.3

35.9 18.0 2.4 10.5 33.4 238.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

131


SOMALIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,579 1,825 1,825 1,792 164 33 0 .. .. 591 569

2,770 1,882 1,882 1,846 180 35 0 .. .. 709 709

3,045 1,990 1,990 1,954 244 37 0 .. .. 811 811

3,053 1,992 1,992 1,955 243 36 0 .. .. 818 818

3,055 1,985 1,985 1,948 243 36 0 .. .. 827 827

3,056 1,977 1,977 1,940 243 37 0 .. .. 835 835

2,953 1,913 1,913 1,878 229 35 0 .. .. 811 811

2,892 1,876 1,876 1,841 219 34 0 .. .. 797 797

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

.. 0 0 0 0 .. ..

-7 -7 .. .. 0 -7 .. .. .. -7 0 0 ..

24 .. .. .. 0 .. .. .. .. .. 24 24 ..

112 .. .. .. 0 .. .. .. .. .. 112 112 ..

102 .. .. .. 0 .. .. .. .. .. 102 102 ..

107 .. .. .. 0 .. .. .. .. .. 107 107 ..

446 .. .. .. 0 .. .. .. .. .. 446 446 ..

434 .. .. .. 0 .. .. .. .. .. 434 434 ..

516 .. .. .. 0 .. .. .. .. .. 516 516 ..

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

4,927 .. .. .. .. ..

5,257 .. .. .. .. ..

5,486 .. .. .. .. ..

.. .. .. 22.9 27.5 ..

.. .. .. 25.6 27.3 ..

.. .. .. 26.6 26.3 ..

.. .. .. 26.8 26.2 ..

.. .. .. 27.1 26.1 ..

.. 62.0 .. 27.3 26.0 ..

.. 56.2 .. 27.5 25.9 ..

.. 52.7 .. 27.6 25.7 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed debt data are World Bank staff estimates based on the original terms of the loans.

132


SOUTH AFRICA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

25,435 15,595 9,088 145 287 8,943 4,749 6,507 1,110 9,553 0

44,737 30,146 20,743 286 315 20,457 12,242 9,403 3,196 14,276 0

108,392 83,912 36,274 1,139 2,750 35,135 32,329 47,638 8,786 21,730 0

116,929 93,654 41,551 1,449 2,741 40,102 38,548 52,103 12,638 20,534 0

144,959 114,347 56,502 2,782 2,744 53,720 53,133 57,845 14,069 27,868 0

139,790 109,791 54,586 3,046 2,750 51,540 51,242 55,205 12,152 27,249 0

141,103 110,474 56,642 3,601 2,587 53,040 52,522 53,832 10,366 28,042 0

137,887 106,338 57,598 3,305 2,474 54,293 52,409 48,740 10,309 29,075 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,611 1,597 91 1,506 765 2,014 712

2,678 2,678 58 2,620 0 0 0

7,001 3,777 913 2,864 2,000 3,224 1,135

9,995 3,990 490 3,500 3,500 6,005 3,852

7,842 3,915 1,415 2,500 2,500 3,928 2,738

8,944 3,742 526 3,215 3,000 5,202 3,543

8,518 4,084 1,397 2,687 2,429 4,435 1,209

15,465 2,786 1,342 1,445 0 12,679 1,823

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,631 1,649 0 1,649 306 982 0

2,870 2,870 27 2,844 1,091 0 0

3,470 1,678 40 1,638 0 1,792 834

2,737 1,520 42 1,478 104 1,217 0

5,293 2,674 37 2,638 1,670 2,618 1,307

8,702 5,503 25 5,478 4,972 3,199 2,083

3,153 1,048 22 1,027 1,000 2,104 2,104

2,656 191 120 71 0 2,465 203

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

746 549 1 548 278 196 27

1,269 1,058 12 1,046 771 212 212

2,191 1,573 20 1,553 1,488 618 460

2,975 2,061 40 2,021 1,968 914 664

3,560 2,612 62 2,550 2,475 948 776

3,222 2,352 70 2,282 2,278 869 602

3,703 2,409 131 2,278 2,277 1,294 968

4,504 2,943 219 2,724 2,720 1,561 869

4,800 -282 91 3 0 -373 889 1,171 -282 -1,262 5,082 913 4,169

16,310 2,888 31 8 0 2,857 -224 -1,091 867 3,081 13,422 6,192 7,230

5,607 3,975 873 363 0 3,102 2,658 2,301 357 444 1,632 -4,194 5,826

5,197 6,062 448 199 0 5,614 6,810 7,248 -438 -1,196 -865 2,903 -3,769

10,876 9,884 1,378 494 0 8,506 1,172 2,261 -1,089 7,334 992 1,671 -679

3,333 -377 502 284 0 -879 -260 -512 253 -619 3,710 2,699 1,011

10,001 6,159 1,375 1,270 0 4,784 3,991 534 3,457 793 3,842 1,292 2,551

20,582 13,842 1,221 1,123 0 12,620 11,587 1,620 9,968 1,033 6,741 -595 7,335

133,188 39,507 38,771 2,329 325 6,083

252,831 72,730 78,292 4,320 614 18,579

367,345 112,387 115,601 6,165 1,070 38,175

405,947 132,170 139,516 8,375 1,158 42,595

386,627 123,784 140,298 8,486 1,085 43,995

356,448 119,856 138,299 8,053 971 44,864

340,516 117,102 132,559 8,707 913 44,267

304,931 104,802 115,800 7,062 825 41,620

64.4 19.1 9.9 37.6 0.6 23.9

61.5 17.7 6.4 31.9 0.6 41.5

96.4 29.5 5.6 20.0 1.1 35.2

88.5 28.8 4.8 17.6 1.2 36.4

117.1 37.5 7.9 19.2 1.9 30.4

116.6 39.2 10.6 19.5 2.2 32.1

120.5 41.4 6.7 19.9 2.6 31.4

131.6 45.2 7.7 21.1 2.4 30.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

133


SRI LANKA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

9,250 8,312 7,945 6,934 253 1,010 65 368 .. 685 112

11,300 10,045 9,658 8,983 483 674 65 388 100 772 0

21,684 17,349 16,430 13,613 1,920 2,817 2,000 919 .. 2,416 0

25,795 19,894 18,682 14,807 2,325 3,875 3,000 1,213 .. 3,576 0

35,694 26,157 22,954 15,894 3,118 7,061 4,000 3,203 .. 6,419 0

39,211 29,771 25,428 16,637 2,665 8,791 5,250 4,343 100 6,775 5

42,264 33,118 25,825 17,026 1,821 8,799 7,000 7,293 2,263 7,325 62

43,920 35,092 27,448 17,215 1,240 10,233 8,650 7,644 2,140 7,588 11

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

757 587 348 240 0 169 ..

929 818 670 149 0 111 0

3,091 2,994 1,810 1,183 1,000 97 ..

3,196 2,751 1,613 1,138 1,000 445 ..

7,907 5,952 2,145 3,807 1,500 1,955 ..

5,117 3,932 2,065 1,868 1,250 1,185 100

9,251 4,090 2,025 2,065 1,750 5,161 2,163

4,351 3,756 1,358 2,399 2,150 595 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

453 439 216 223 50 14 ..

246 227 123 104 0 19 0

727 582 507 75 0 145 ..

818 664 588 76 0 154 ..

1,377 1,211 604 607 500 165 ..

921 739 613 126 0 183 0

4,909 2,698 718 1,981 0 2,211 0

1,962 1,718 809 909 500 244 123

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

213 178 125 54 6 35 ..

106 84 65 19 4 22 7

616 596 308 288 72 20 ..

448 405 268 137 124 43 ..

567 532 292 240 224 35 ..

635 585 326 259 235 50 0

705 655 310 345 323 50 5

702 654 312 343 318 48 5

175 0 45 23 -86 -46 172 -50 222 -218 175 175 ..

595 539 661 73 115 -122 137 0 137 -259 57 272 -216

1,013 1,822 1,900 83 597 -77 1,060 1,000 60 -1,138 -809 240 -1,049

4,040 3,961 1,447 132 422 2,514 1,353 1,000 353 1,160 80 251 -171

10,792 10,159 2,326 97 786 7,833 4,990 1,000 3,990 2,843 632 360 272

4,728 4,092 997 126 -455 3,095 2,744 1,350 1,394 351 636 410 226

4,762 4,115 588 127 -720 3,527 3,035 3,913 -878 493 647 469 178

2,566 2,198 43 62 -506 2,155 1,840 1,527 314 314 368 426 -58

16,016 6,527 8,554 109 1,154 1,039

24,107 7,963 10,441 115 1,976 2,650

56,109 11,423 16,159 303 4,123 6,710

64,641 14,109 23,368 385 5,153 6,248

67,221 13,716 23,117 449 6,000 6,378

72,543 15,211 23,391 737 6,422 6,611

78,215 16,890 25,105 670 7,036 7,316

80,467 17,029 25,231 811 7,000 6,543

141.7 57.8 12.1 7.4 36.9 11.2

141.9 46.9 5.5 6.8 40.3 23.4

189.8 38.6 12.3 11.1 28.1 30.9

182.8 39.9 9.3 13.9 24.6 24.2

260.2 53.1 14.8 18.0 18.6 17.9

257.8 54.1 13.5 17.3 17.6 16.9

250.2 54.0 37.6 17.3 16.2 17.3

257.9 54.6 18.7 17.3 15.7 14.9

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Short-term debt before 2009 is based on data from the BIS.

134


ST. LUCIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

222.2 153.5 153.5 120.7 1.0 32.8 23.5 .. .. 67.8 0.0

415.7 238.6 238.6 164.6 1.1 74.0 70.9 .. .. 176.0 0.0

579.6 321.3 321.3 258.0 33.0 63.3 63.3 .. .. 225.3 5.3

451.2 310.1 310.1 258.7 41.2 51.4 51.4 .. .. 99.9 3.9

429.8 342.9 342.9 249.5 41.2 93.4 93.4 .. .. 45.7 1.6

474.0 358.2 358.2 246.5 41.3 111.7 111.7 .. .. 74.5 2.2

529.3 371.4 371.4 249.6 38.0 121.8 121.8 .. .. 119.9 2.2

529.4 417.1 417.1 256.9 33.4 160.2 160.2 .. .. 78.9 2.2

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

48.7 48.7 16.8 31.9 23.5 .. ..

12.6 12.6 12.6 0.0 0.0 .. ..

36.4 36.4 36.4 0.0 0.0 .. ..

20.0 20.0 20.0 0.0 0.0 .. ..

6.9 6.9 6.9 0.0 0.0 .. ..

12.0 12.0 12.0 0.0 0.0 .. ..

25.2 25.2 25.2 0.0 0.0 .. ..

21.4 21.4 19.4 2.0 2.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

20.9 20.9 11.7 9.2 0.0 .. ..

14.2 14.2 9.5 4.7 4.7 .. ..

29.9 29.9 18.0 11.9 11.9 .. ..

31.3 31.3 19.4 11.9 11.9 .. ..

28.2 28.2 16.3 11.9 11.9 .. ..

20.5 20.5 15.6 4.9 4.9 .. ..

16.8 16.8 15.8 1.0 1.0 .. ..

45.6 45.6 17.5 28.1 28.1 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6.4 6.4 5.2 1.2 1.0 .. ..

12.8 12.8 6.3 6.5 6.3 .. ..

10.6 10.6 7.4 3.2 3.2 .. ..

11.3 11.3 6.7 4.6 4.6 .. ..

14.4 14.4 6.4 8.0 8.0 .. ..

13.6 13.6 6.1 7.5 7.5 .. ..

16.4 16.4 5.9 10.5 10.5 .. ..

21.9 21.9 10.8 11.1 11.1 .. ..

58.2 40.3 5.1 1.0 0.0 35.2 22.7 23.5 -0.8 12.5 17.9 17.9 ..

140.7 65.4 3.1 3.3 0.0 62.3 -4.7 -4.7 0.0 67.0 75.3 75.3 ..

212.5 144.5 18.4 11.8 0.0 126.1 -11.9 -11.9 .. 138.0 67.9 67.9 ..

-82.0 -126.8 9.1 2.1 8.5 -135.9 -11.9 -11.9 .. -124.0 44.8 44.8 ..

-27.9 -73.1 -9.4 -2.6 0.0 -63.8 -11.9 -11.9 .. -51.9 45.2 45.2 ..

72.2 19.7 -3.5 6.7 0.0 23.3 -4.9 -4.9 .. 28.2 52.4 52.4 ..

146.0 52.9 8.5 2.6 -0.9 44.3 -1.0 -1.0 .. 45.4 93.1 93.1 ..

26.9 -68.2 -1.1 0.0 -3.0 -67.1 -26.1 -26.1 .. -40.9 95.0 95.0 ..

739.6 380.6 494.2 33.4 23.8 78.8

874.2 533.0 675.5 51.1 27.1 116.4

1,209.9 626.6 844.7 31.7 29.0 206.3

1,270.2 589.1 852.3 12.0 29.4 213.4

1,275.8 621.7 811.7 23.3 29.8 232.0

1,308.4 631.7 739.3 19.8 30.1 192.2

1,378.8 650.0 783.7 .. 34.2 257.7

1,414.4 680.4 728.2 .. 35.0 317.5

58.4 30.0 7.9 30.5 44.8 35.5

78.0 47.6 6.0 42.3 34.7 28.0

92.5 47.9 7.4 38.9 40.9 35.6

76.6 35.5 7.6 22.1 52.8 47.3

69.1 33.7 7.0 10.6 52.7 54.0

75.0 36.2 5.7 15.7 47.3 40.6

81.4 38.4 5.7 22.6 40.7 48.7

77.8 37.4 10.6 14.9 40.9 60.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

135


ST. VINCENT AND THE GRENADINES

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

195.1 163.3 163.3 104.8 0.5 58.5 0.0 .. .. 31.4 0.4

252.6 247.8 247.8 114.8 0.5 133.0 0.0 .. .. 4.3 4.3

295.5 277.5 277.5 228.8 17.9 48.7 0.0 .. .. 0.0 0.0

303.4 280.4 280.4 242.6 23.0 37.8 0.0 .. .. 0.0 0.0

287.1 264.1 264.1 238.7 23.0 25.4 0.0 .. .. 0.0 0.0

310.6 287.5 287.5 270.0 23.0 17.5 0.0 .. .. 0.0 0.0

338.9 311.7 311.7 294.6 27.2 17.1 0.0 .. .. 0.0 0.0

338.7 313.6 313.6 302.9 24.9 10.7 0.0 .. .. 0.1 0.1

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

8.5 8.5 8.5 0.0 0.0 .. ..

42.4 42.4 12.4 30.0 0.0 .. ..

78.1 78.1 78.1 0.0 0.0 .. ..

28.3 28.3 28.3 0.0 0.0 .. ..

12.0 12.0 12.0 0.0 0.0 .. ..

47.1 47.1 46.2 1.0 0.0 .. ..

49.4 49.4 41.4 8.0 0.0 .. ..

28.9 28.9 28.9 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

6.1 6.1 5.7 0.4 0.0 .. ..

15.5 15.5 7.7 7.7 0.0 .. ..

26.5 26.5 15.4 11.1 0.0 .. ..

25.2 25.2 14.3 10.9 0.0 .. ..

28.4 28.4 16.0 12.4 0.0 .. ..

24.8 24.8 15.9 8.9 0.0 .. ..

22.9 22.9 14.6 8.4 0.0 .. ..

25.4 25.4 19.0 6.4 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5.1 5.1 3.3 1.8 0.0 .. ..

8.2 8.2 3.5 4.7 0.0 .. ..

10.0 10.0 5.7 4.3 0.0 .. ..

10.1 10.1 6.6 3.4 0.0 .. ..

8.4 8.4 5.6 2.8 0.0 .. ..

8.1 8.1 6.2 1.9 0.0 .. ..

7.7 7.7 6.6 1.1 0.0 .. ..

7.7 7.7 6.8 0.8 0.0 .. ..

13.3 1.6 2.8 -0.1 0.0 -1.2 -0.4 .. -0.4 -0.8 11.8 11.8 ..

50.6 26.9 4.6 3.0 0.0 22.3 22.3 .. 22.3 0.0 23.7 23.7 ..

114.7 51.7 62.8 3.1 0.0 -11.1 -11.1 .. -11.1 0.0 63.1 63.1 ..

82.9 8.3 19.2 2.0 5.2 -10.9 -10.9 .. -10.9 0.0 74.6 74.6 ..

71.8 -16.5 -4.0 0.3 0.0 -12.4 -12.4 .. -12.4 0.0 88.3 88.3 ..

111.9 22.4 30.3 3.7 0.0 -7.9 -7.9 .. -7.9 0.0 89.5 89.5 ..

142.0 32.2 32.6 2.1 5.7 -0.4 -0.4 .. -0.4 0.0 109.8 109.8 ..

123.2 2.5 8.9 0.2 -1.0 -6.4 -6.4 .. -6.4 0.0 120.7 120.7 ..

377.1 182.6 222.8 12.7 19.3 55.2

521.1 208.9 329.2 22.1 22.4 69.5

668.9 195.9 414.1 11.0 29.1 112.7

663.2 192.3 399.1 7.4 29.2 89.6

689.1 202.4 420.1 5.6 31.1 111.0

720.7 208.6 443.1 5.8 31.6 135.1

729.7 199.9 426.4 .. 36.1 157.4

749.1 198.8 399.3 .. 36.7 166.0

106.9 51.7 7.2 16.1 33.9 28.3

120.9 48.5 11.3 1.7 32.8 27.5

150.9 44.2 18.6 0.0 71.3 38.1

157.7 45.7 18.4 0.0 74.2 29.5

141.9 41.7 18.2 0.0 75.6 38.7

148.9 43.1 15.8 0.0 76.4 43.5

169.5 46.4 15.6 0.0 73.8 46.4

170.3 45.2 17.2 0.0 73.9 49.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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 2011, 2012, 2013, 2014 and 2015 are $362 million, $422 million, $474 million, $1,223 million and $696 million respectively.

136


SUDAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

16,076 10,647 10,151 8,393 693 1,758 0 496 .. 4,736 4,474

17,563 11,232 11,232 9,145 593 2,087 0 .. .. 5,738 5,377

22,286 14,444 14,444 11,815 664 2,629 0 .. .. 7,179 6,772

21,148 15,093 15,093 11,350 651 3,743 0 .. .. 5,404 4,891

21,796 15,697 15,697 11,366 645 4,331 0 .. .. 5,455 5,090

22,472 16,402 16,402 11,618 639 4,785 0 .. .. 5,431 5,182

21,762 15,922 15,922 11,350 591 4,572 0 .. .. 5,250 5,103

21,406 15,772 15,772 11,206 557 4,566 0 .. .. 5,077 4,974

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

861 861 318 543 0 .. ..

387 387 387 0 0 .. ..

935 935 935 0 0 .. ..

793 793 793 0 0 .. ..

319 319 319 0 0 .. ..

422 422 422 0 0 .. ..

283 283 283 0 0 .. ..

543 543 543 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

143 143 143 0 0 .. ..

291 291 291 0 0 .. ..

397 397 397 0 0 .. ..

416 416 416 0 0 .. ..

274 274 274 0 0 .. ..

211 211 211 0 0 .. ..

179 179 179 0 0 .. ..

412 412 412 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

42 42 42 0 0 .. ..

67 67 67 0 0 .. ..

83 83 83 0 0 .. ..

100 100 100 0 0 .. ..

76 76 76 0 0 .. ..

73 73 73 0 0 .. ..

69 69 69 0 0 .. ..

100 100 100 0 0 .. ..

1,009 617 121 -4 -54 496 543 .. 543 -47 392 392 ..

-519 78 67 -1 -28 11 .. .. .. 11 -597 -676 78

2,854 783 532 0 -6 251 .. .. .. 251 2,071 2,064 7

2,220 473 367 0 -11 106 .. .. .. 106 1,747 1,734 13

2,203 -110 38 0 -7 -148 .. .. .. -148 2,314 2,311 2

1,776 88 204 0 -7 -116 .. .. .. -116 1,688 1,688 0

1,245 -8 94 0 -11 -102 .. .. .. -102 1,254 1,251 2

1,817 80 124 5 -8 -44 .. .. .. -44 1,737 1,737 ..

11,548 1,839 2,594 .. 641 138

24,581 5,019 8,899 699 704 1,869

60,507 11,785 15,677 2,393 1,456 1,036

64,564 11,040 14,822 2,299 824 193

60,267 5,140 12,270 424 596 193

63,708 6,057 13,567 1,144 620 193

71,181 6,060 11,167 722 507 181

82,276 4,977 11,998 430 151 174

874.3 139.2 13.5 29.5 12.2 0.9

349.9 71.5 8.0 32.7 14.7 10.6

189.1 36.8 4.2 32.2 15.0 4.6

191.6 32.8 4.8 25.6 16.5 0.9

424.1 36.2 7.0 25.0 15.9 0.9

371.0 35.3 4.9 24.2 15.9 0.9

359.1 30.6 4.3 24.1 16.0 0.8

430.1 26.0 10.5 23.7 15.7 0.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed debt data exclude penalty interest. Short-term debt is based on data from the BIS.

137


SWAZILAND

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

334.3 262.9 262.9 243.1 8.4 19.8 0.0 .. .. 63.0 0.0

475.2 370.0 370.0 338.6 9.2 31.4 0.0 .. .. 96.1 15.1

701.8 396.7 396.7 370.1 74.4 26.6 0.0 .. .. 230.8 35.8

644.0 372.9 372.9 351.7 74.1 21.1 0.0 .. .. 197.0 48.0

480.3 334.6 334.6 314.9 74.2 19.7 0.0 .. .. 71.5 42.5

458.2 310.8 310.8 295.2 74.4 15.6 0.0 .. .. 73.0 41.7

416.5 283.5 283.5 269.8 70.0 13.7 0.0 .. .. 63.1 40.3

390.8 272.9 272.9 262.8 66.9 10.1 0.0 .. .. 51.0 37.9

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

15.8 15.8 15.8 0.0 0.0 .. ..

51.7 51.7 51.1 0.6 0.0 .. ..

11.5 11.5 11.5 0.0 0.0 .. ..

32.1 32.1 32.1 0.0 0.0 .. ..

5.2 5.2 5.2 0.0 0.0 .. ..

18.2 18.2 18.2 0.0 0.0 .. ..

19.4 19.4 19.4 0.0 0.0 .. ..

29.3 29.3 29.3 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

12.4 12.4 12.4 0.0 0.0 .. ..

18.8 18.8 18.1 0.7 0.0 .. ..

29.3 29.3 28.7 0.6 0.0 .. ..

28.0 28.0 27.4 0.6 0.0 .. ..

35.5 35.5 34.9 0.5 0.0 .. ..

20.6 20.6 20.2 0.4 0.0 .. ..

27.7 27.7 27.3 0.4 0.0 .. ..

18.7 18.7 18.6 0.2 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

16.1 16.1 10.2 5.9 0.0 .. ..

14.7 14.7 10.5 4.2 0.0 .. ..

13.5 13.5 13.0 0.5 0.0 .. ..

14.4 14.4 14.0 0.4 0.0 .. ..

15.7 15.7 13.0 2.7 0.0 .. ..

10.2 10.2 9.0 1.2 0.0 .. ..

11.7 11.7 8.8 2.9 0.0 .. ..

9.5 9.5 7.0 2.5 0.0 .. ..

57.6 13.7 3.4 -0.4 0.0 10.2 0.0 .. .. 10.2 43.9 42.5 1.4

70.9 86.0 33.1 -0.3 0.0 52.9 -0.1 .. -0.1 53.0 -15.1 -15.8 0.8

217.3 163.3 -17.1 -5.5 0.0 180.4 -0.6 .. -0.6 181.0 54.0 49.3 4.7

8.4 -41.9 4.7 -1.4 0.0 -46.6 -0.6 .. -0.6 -46.0 50.3 50.3 ..

-147.6 -150.3 -29.8 1.1 0.0 -120.5 -0.5 .. -0.5 -120.0 2.7 2.7 ..

29.7 -0.1 -1.9 3.5 0.0 1.8 -0.4 .. -0.4 2.3 29.8 29.8 ..

38.2 -16.9 -7.9 6.3 0.0 -8.9 -0.4 .. -0.4 -8.5 55.1 55.1 ..

-120.0 0.9 10.7 7.7 0.0 -9.8 -0.2 .. -0.2 -9.6 -120.9 -120.9 ..

1,558.7 1,375.0 1,521.4 65.9 56.8 351.8

2,762.4 2,075.9 2,276.0 44.0 95.4 243.9

3,301.6 2,275.3 3,063.4 401.6 54.7 756.3

4,707.4 2,397.6 3,265.8 397.6 38.1 600.5

4,611.5 2,368.2 3,188.6 466.1 31.3 741.0

4,201.4 2,280.8 2,948.9 524.8 30.0 762.5

4,194.2 2,334.6 2,971.7 602.6 24.5 690.8

3,874.1 2,144.2 2,416.9 416.5 18.7 548.0

24.3 21.4 2.2 18.8 44.8 105.2

22.9 17.2 1.8 20.2 50.4 51.3

30.8 21.3 2.0 32.9 35.1 107.8

26.9 13.7 1.9 30.6 37.3 93.2

20.3 10.4 2.2 14.9 47.0 154.3

20.1 10.9 1.4 15.9 44.8 166.4

17.8 9.9 1.7 15.1 44.8 165.8

18.2 10.1 1.3 13.0 43.7 140.2

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

138


SYRIAN ARAB REPUBLIC

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

22,236 16,480 16,480 15,512 48 968 0 .. .. 5,708 2,388

5,594 5,031 5,031 5,031 52 0 0 .. .. 511 198

5,275 4,282 4,282 4,282 430 0 0 .. .. 562 221

4,979 4,004 4,004 4,004 429 0 0 .. .. 546 222

4,747 3,955 3,955 3,955 429 0 0 .. .. 364 321

4,765 3,905 3,905 3,905 430 0 0 .. .. 430 406

4,608 3,671 3,671 3,671 404 0 0 .. .. 532 461

4,420 3,528 3,528 3,528 387 0 0 .. .. 504 479

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

18 18 18 0 0 .. ..

189 189 189 0 0 .. ..

286 286 286 0 0 .. ..

222 222 222 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

239 239 224 16 0 .. ..

439 439 428 11 0 .. ..

508 508 508 0 0 .. ..

509 509 509 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

127 127 126 1 0 .. ..

110 110 110 0 0 .. ..

111 111 111 0 0 .. ..

109 109 109 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

0 0 0 0 0 .. ..

-556 -826 -206 -16 0 -621 -16 .. -16 -605 270 270 ..

143 -357 -239 -1 0 -118 -11 .. -11 -107 500 500 ..

1,039 -430 -221 -1 0 -209 .. .. .. -209 1,469 1,469 ..

500 -304 -287 -1 0 -17 .. .. .. -17 804 804 ..

-281 -281 0 0 0 -281 .. .. .. -281 .. .. ..

-19 -19 0 0 0 -19 .. .. .. -19 .. .. ..

47 47 0 0 0 47 .. .. .. 47 .. .. ..

-46 -46 0 0 0 -46 .. .. .. -46 .. .. ..

18,446 7,190 6,614 .. 180 ..

27,980 11,907 12,359 1,220 823 17,347

.. 19,919 21,235 1,684 1,623 19,465

.. .. .. .. 1,623 ..

.. .. .. .. 1,623 ..

.. .. .. .. 1,623 ..

.. .. .. .. 1,623 ..

.. .. .. .. 1,623 ..

309.3 120.5 6.8 25.7 2.6 0.0

47.0 20.0 4.8 9.1 18.1 310.1

26.5 .. 3.1 10.7 32.1 369.0

.. .. .. 11.0 32.7 0.0

.. .. .. 7.7 34.6 0.0

.. .. .. 9.0 35.2 0.0

.. .. .. 11.6 33.4 0.0

.. .. .. 11.4 32.4 0.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed debt data are World Bank staff estimates. Short-term debt is based on data from the BIS.

139


TAJIKISTAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,141 846 755 704 218 51 0 91 .. 77 45

1,121 850 826 817 244 8 0 24 .. 27 2

3,562 2,734 1,806 1,806 227 0 0 927 .. 601 0

3,924 2,946 1,968 1,968 246 0 0 979 .. 731 0

4,621 3,340 2,001 2,001 287 0 0 1,339 .. 994 16

4,868 3,451 2,016 2,016 287 0 0 1,435 .. 1,130 1

5,178 3,747 2,038 2,038 266 0 0 1,709 .. 1,165 1

5,100 3,899 1,954 1,954 244 0 0 1,945 .. 957 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

37 36 36 0 0 1 ..

108 105 105 0 0 2 ..

924 251 251 0 0 673 ..

723 200 200 0 0 523 ..

556 105 105 0 0 451 ..

431 105 105 0 0 325 ..

665 178 178 0 0 487 ..

702 53 53 0 0 648 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

28 15 15 0 0 12 ..

42 37 37 0 0 5 ..

630 37 37 0 0 593 ..

513 34 34 0 0 479 ..

334 74 74 0 0 261 ..

320 93 93 0 0 227 ..

322 108 108 0 0 213 ..

293 103 103 0 0 190 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

21 7 4 4 0 14 ..

10 9 9 0 0 1 ..

54 23 23 0 0 31 ..

64 28 28 0 0 36 ..

94 30 30 0 0 63 ..

104 30 30 0 0 74 ..

91 31 31 0 0 60 ..

89 30 30 0 0 59 ..

19 -4 36 23 16 -40 -11 .. -11 -29 24 24 ..

77 23 84 35 15 -61 -3 .. -3 -58 54 54 ..

902 880 274 11 60 606 80 .. 80 527 21 15 7

387 361 187 -2 21 174 44 .. 44 130 26 26 0

532 508 71 -3 40 437 190 .. 190 247 24 24 -1

281 261 12 -7 .. 249 98 .. 98 151 19 19 0

515 374 65 -7 -4 309 274 .. 274 35 141 139 1

360 191 -61 -7 -11 252 459 .. 459 -207 169 169 0

824 .. .. .. .. 93

2,234 1,264 1,733 2 467 168

5,563 2,249 3,064 11 2,021 324

6,483 2,955 4,205 17 2,722 289

7,581 3,528 5,097 32 3,222 298

8,456 3,733 5,252 35 3,698 461

11,420 3,186 4,309 48 3,384 177

9,380 2,564 3,532 43 2,259 64

.. 138.4 .. 6.8 16.3 8.1

88.7 50.2 5.8 2.4 46.3 15.0

158.3 64.0 30.9 16.9 26.6 9.1

132.8 60.5 20.0 18.6 24.8 7.4

130.9 60.9 12.5 21.5 21.1 6.4

130.4 57.6 11.8 23.2 19.9 9.5

162.5 45.3 13.7 22.5 18.9 3.4

198.9 54.4 16.8 18.8 18.5 1.3

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2013 are World Bank staff estimates based on reports provided by the country. Short-term debt before 2010 is based on data from the BIS. Data include MDRI debt relief.

140


TANZANIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

7,186 5,973 5,973 5,779 364 194 0 0 .. 849 647

8,400 7,006 6,446 6,341 387 105 0 560 .. 1,006 615

8,893 6,825 5,601 5,488 647 113 0 1,224 .. 1,421 908

10,013 7,686 6,438 6,030 643 408 0 1,248 .. 1,684 989

11,588 8,831 7,366 6,762 641 604 0 1,465 .. 2,117 1,054

13,141 10,629 9,112 7,745 753 1,367 0 1,517 .. 1,759 1,108

14,352 11,770 9,911 8,530 682 1,381 0 1,859 .. 1,900 1,122

15,049 12,431 10,690 9,321 592 1,369 0 1,741 .. 2,026 1,114

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

211 211 206 5 0 0 0

466 466 447 19 0 0 0

1,254 1,038 1,021 17 0 216 0

1,179 872 568 304 0 307 0

978 795 792 2 0 184 0

2,011 1,857 1,037 821 0 153 0

1,579 1,295 1,236 60 0 284 0

1,448 1,143 1,120 22 0 306 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

94 94 77 17 0 0 ..

31 31 31 0 0 0 ..

131 52 35 17 0 79 ..

76 33 26 7 0 44 ..

78 35 27 7 0 43 ..

80 60 28 32 0 19 ..

117 53 27 27 0 64 ..

159 59 41 18 0 100 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

51 51 49 2 0 0 ..

44 42 42 0 0 2 ..

50 32 31 2 0 17 ..

53 39 36 3 0 14 ..

60 43 39 4 0 17 ..

62 58 45 13 0 3 ..

83 76 52 24 0 7 ..

109 99 68 30 0 10 ..

668 205 172 129 43 33 -12 .. -12 44 463 463 ..

900 459 378 261 -38 81 19 .. 19 62 441 439 3

2,141 1,100 1,016 650 30 84 137 .. 137 -53 1,041 1,038 3

2,285 1,283 540 258 -2 743 561 .. 561 182 1,002 999 3

2,667 1,265 762 535 -3 503 135 .. 135 368 1,403 1,399 4

2,545 1,629 1,119 697 110 510 923 .. 923 -412 916 912 4

2,542 1,562 1,181 614 -28 380 253 .. 253 127 980 976 4

2,383 1,362 1,019 582 -61 343 210 .. 210 133 1,021 1,017 4

10,056 1,411 2,230 13 8 974

16,575 3,053 4,641 319 19 2,049

31,078 6,530 9,792 653 344 3,905

33,619 7,582 12,866 729 410 3,726

38,510 8,807 13,383 560 390 4,052

43,922 8,590 14,353 617 382 4,674

47,512 8,836 14,331 541 389 4,390

44,134 9,566 13,363 578 389 4,073

509.2 71.5 11.9 11.8 45.5 13.6

275.2 50.7 4.4 12.0 58.0 24.4

136.2 28.6 2.9 16.0 49.2 43.9

132.1 29.8 1.9 16.8 47.6 37.2

131.6 30.1 1.8 18.3 47.0 35.0

153.0 29.9 1.8 13.4 48.5 35.6

162.4 30.2 2.7 13.2 47.5 30.6

157.3 34.1 3.6 13.5 48.9 27.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

141


THAILAND

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

79,830 61,778 29,462 20,820 3,172 8,643 2,630 32,316 8,414 14,880 0

58,467 42,332 17,452 7,862 121 9,590 3,836 24,880 4,685 16,014 0

106,358 54,207 21,207 6,877 1,494 14,329 8,004 33,000 4,265 50,657 2

109,943 61,165 26,479 6,899 1,490 19,580 12,894 34,687 3,618 47,288 5

134,257 74,585 34,765 6,362 1,491 28,403 21,894 39,820 6,040 58,181 2

137,353 73,963 34,050 6,037 1,494 28,013 21,854 39,913 5,575 61,896 0

135,292 77,801 33,451 5,558 1,406 27,893 21,754 44,350 9,720 56,085 0

129,654 77,054 30,642 5,392 1,345 25,251 19,200 46,412 6,688 51,255 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4,031 3,031 2,156 876 0 1,000 0

17,083 2,521 434 2,086 936 14,562 1,600

16,838 6,442 160 6,282 5,080 10,396 0

17,452 6,128 493 5,635 4,890 11,324 700

29,509 9,735 735 9,000 9,000 19,775 1,500

19,846 1,552 1,552 0 0 18,294 0

19,437 479 479 0 0 18,958 4,370

20,191 184 184 0 0 20,008 118

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

8,961 3,026 1,666 1,361 174 5,935 1,044

16,464 2,709 2,321 388 172 13,755 908

9,386 803 534 269 150 8,582 460

8,815 1,197 779 418 0 7,618 180

13,316 757 619 137 0 12,560 550

11,054 1,211 871 340 40 9,842 465

12,937 454 348 106 100 12,483 625

17,304 1,154 343 811 724 16,149 1,350

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3,777 1,578 1,008 569 193 2,199 476

1,074 437 234 202 135 637 286

1,076 231 113 118 56 845 234

1,176 263 114 149 88 913 311

1,354 410 112 298 255 944 339

1,213 333 80 253 213 880 353

1,473 364 75 288 251 1,109 429

1,466 358 70 288 252 1,109 428

-9,363 -13,665 292 272 -198 -13,958 -5,420 -1,218 -4,202 -8,538 4,302 3,402 900

18,388 5,145 -1,886 -101 0 7,031 2,505 1,456 1,049 4,526 13,243 6,993 6,250

42,533 24,831 -374 -5 0 25,205 7,826 4,470 3,355 17,379 17,702 15,305 2,398

7,440 5,266 -285 -61 0 5,552 8,923 5,410 3,513 -3,371 2,174 2,151 23

37,980 27,088 115 95 0 26,972 16,078 9,950 6,128 10,895 10,892 10,808 85

19,511 12,510 681 890 0 11,829 8,111 -505 8,616 3,718 7,002 10,295 -3,293

4,093 688 131 -7 0 557 6,369 3,645 2,724 -5,812 3,404 9,216 -5,811

-3,069 -1,942 -160 -7 0 -1,782 3,047 -1,956 5,003 -4,830 -1,128 7,842 -8,969

123,900 85,997 77,269 .. 1,697 32,016

180,829 131,740 143,582 4,501 1,187 50,691

325,891 232,906 227,536 12,804 4,433 167,530

362,470 269,589 271,096 9,679 5,256 167,389

381,197 285,514 299,595 15,890 5,657 173,328

396,751 292,768 308,240 19,698 6,585 161,328

382,492 289,580 283,209 16,202 6,524 151,253

368,807 280,743 255,284 14,804 5,895 151,266

92.8 64.4 16.3 18.6 6.7 40.1

44.4 32.3 13.7 27.4 1.4 86.7

45.7 32.6 4.7 47.6 0.2 157.5

40.8 30.3 3.9 43.0 0.2 152.3

47.0 35.2 5.4 43.3 0.4 129.1

46.9 34.6 4.4 45.1 1.0 117.5

46.7 35.4 5.2 41.5 1.0 111.8

46.2 35.2 6.9 39.5 1.0 116.7

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

142


TOGO

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

1,446.0 1,229.6 1,229.6 1,229.6 83.8 0.0 0.0 .. .. 132.5 62.6

1,686.9 1,439.5 1,439.5 1,439.5 29.7 0.0 0.0 .. .. 217.7 166.7

1,278.3 998.0 998.0 998.0 241.5 0.0 0.0 .. .. 38.9 9.9

622.1 362.1 362.1 362.1 254.2 0.0 0.0 .. .. 5.8 2.8

746.8 442.7 442.7 442.7 254.5 0.0 0.0 .. .. 49.6 3.6

896.0 555.9 555.9 506.3 253.2 49.6 0.0 .. .. 86.9 2.9

987.1 671.3 671.3 638.5 226.6 32.8 0.0 .. .. 89.2 1.2

1,056.1 801.4 801.4 770.4 200.6 31.0 0.0 .. .. 54.1 1.4

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

24.4 24.4 24.4 0.0 0.0 .. ..

9.9 9.9 9.9 0.0 0.0 .. ..

82.8 82.8 82.8 0.0 0.0 .. ..

28.9 28.9 28.9 0.0 0.0 .. ..

126.6 126.6 126.6 0.0 0.0 .. ..

183.7 183.7 123.2 60.4 0.0 .. ..

176.0 176.0 176.0 0.0 0.0 .. ..

187.6 187.6 175.1 12.5 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

9.9 9.9 9.9 0.0 0.0 .. ..

7.9 7.9 7.9 0.0 0.0 .. ..

27.8 27.8 27.8 0.0 0.0 .. ..

10.0 10.0 10.0 0.0 0.0 .. ..

13.0 13.0 13.0 0.0 0.0 .. ..

37.8 37.8 25.7 12.1 0.0 .. ..

29.2 29.2 17.6 11.6 0.0 .. ..

23.1 23.1 12.2 10.9 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

4.6 4.6 4.6 0.0 0.0 .. ..

0.3 0.3 0.3 0.0 0.0 .. ..

7.9 7.9 7.9 0.0 0.0 .. ..

4.6 4.6 4.6 0.0 0.0 .. ..

9.3 9.3 9.3 0.0 0.0 .. ..

11.4 11.4 11.4 0.0 0.0 .. ..

15.6 15.6 15.6 0.0 0.0 .. ..

18.6 18.6 18.1 0.6 0.0 .. ..

-6.8 -44.3 5.1 9.9 -9.4 -49.4 .. .. .. -49.4 37.5 31.4 6.1

86.1 15.8 -9.2 0.0 -11.2 25.0 .. .. .. 25.0 70.4 54.4 16.0

193.2 110.7 98.7 -22.0 43.6 12.0 .. .. .. 12.0 82.5 78.0 4.5

51.4 6.8 32.8 0.0 13.9 -26.0 .. .. .. -26.0 44.6 44.6 0.0

266.0 156.7 113.7 13.7 0.0 43.0 .. .. .. 43.0 109.4 109.4 ..

261.3 182.1 95.8 0.0 -1.8 86.3 48.3 .. 48.3 38.0 79.2 79.2 ..

245.9 138.6 146.2 14.9 -12.2 -7.6 -11.6 .. -11.6 4.0 107.3 107.3 ..

165.6 112.9 146.6 4.2 -16.2 -33.7 1.6 .. 1.6 -35.3 52.7 52.7 ..

1,265.3 456.5 664.1 17.2 34.2 140.9

2,079.9 857.3 1,249.0 47.2 192.5 191.5

2,761.6 1,395.8 1,951.3 67.0 336.6 714.9

3,197.5 2,079.0 2,651.3 120.2 244.1 774.3

3,282.2 2,004.9 2,541.2 180.4 344.8 441.6

3,438.9 2,318.2 3,148.7 179.9 397.4 507.1

4,032.0 2,141.2 2,918.9 191.6 427.3 507.0

3,626.2 1,671.0 2,155.2 .. 397.4 574.0

316.7 114.3 6.6 9.2 53.0 9.7

196.8 81.1 2.5 12.9 52.1 11.4

91.6 46.3 2.6 3.0 66.1 55.9

29.9 19.5 0.7 0.9 32.7 124.5

37.2 22.8 1.1 6.6 26.5 59.1

38.7 26.1 2.3 9.7 27.4 56.6

46.1 24.5 2.7 9.0 28.8 51.4

63.2 29.1 3.5 5.1 30.9 54.3

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

143


TONGA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

74.0 65.0 65.0 65.0 8.6 0.0 0.0 .. .. 0.4 0.2

89.0 79.5 79.5 79.5 9.4 0.0 0.0 .. .. 0.1 0.1

153.7 143.5 143.5 142.4 10.1 1.1 0.0 .. .. 0.0 0.0

190.6 180.5 180.5 180.0 10.1 0.4 0.0 .. .. 0.0 0.0

197.4 187.2 187.2 187.0 10.1 0.3 0.0 .. .. 0.0 0.0

199.1 188.9 188.9 188.8 10.1 0.2 0.0 .. .. 0.0 0.0

193.5 183.9 183.9 183.8 9.5 0.1 0.0 .. .. 0.0 0.0

173.4 164.3 164.3 164.2 9.1 0.1 0.0 .. .. 0.0 0.0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5.4 5.4 5.4 0.0 0.0 .. ..

4.5 4.5 4.5 0.0 0.0 .. ..

40.9 40.9 40.7 0.2 0.0 .. ..

36.9 36.9 36.9 0.0 0.0 .. ..

9.9 9.9 9.9 0.0 0.0 .. ..

1.3 1.3 1.3 0.0 0.0 .. ..

5.1 5.1 5.1 0.0 0.0 .. ..

2.2 2.2 2.2 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

3.7 3.7 2.4 1.3 0.0 .. ..

3.7 3.7 3.7 0.0 0.0 .. ..

2.7 2.7 2.6 0.1 0.0 .. ..

3.3 3.3 3.3 0.0 0.0 .. ..

3.4 3.4 3.3 0.2 0.0 .. ..

3.4 3.4 3.3 0.1 0.0 .. ..

5.9 5.9 5.9 0.0 0.0 .. ..

12.6 12.6 12.5 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.9 0.9 0.8 0.1 0.0 .. ..

1.2 1.2 1.2 0.0 0.0 .. ..

2.4 2.4 2.3 0.1 0.0 .. ..

2.6 2.6 2.6 0.0 0.0 .. ..

2.9 2.9 2.9 0.0 0.0 .. ..

3.1 3.1 3.1 0.0 0.0 .. ..

3.0 3.0 3.0 0.0 0.0 .. ..

2.8 2.8 2.8 0.0 0.0 .. ..

6.5 1.7 3.0 -0.1 0.0 -1.3 -1.3 .. -1.3 0.0 4.8 4.8 ..

8.1 0.9 0.9 4.5 0.0 .. .. .. .. 0.0 7.2 7.2 ..

47.2 38.2 38.1 0.8 0.0 0.1 0.1 .. 0.1 0.0 9.0 9.0 ..

37.4 33.6 33.7 -0.2 0.0 0.0 0.0 .. 0.0 0.0 3.7 3.7 ..

8.3 6.5 6.6 -0.2 0.0 -0.2 -0.2 .. -0.2 0.0 1.8 1.8 ..

4.6 -2.1 -2.0 -0.3 0.0 -0.1 -0.1 .. -0.1 0.0 6.7 6.7 ..

55.2 -0.8 -0.8 4.6 0.0 0.0 0.0 .. 0.0 0.0 56.0 56.0 ..

2.3 -10.4 -10.4 1.7 0.0 0.0 0.0 .. 0.0 0.0 12.6 12.6 ..

191.0 .. .. .. .. 24.6

258.7 59.0 156.8 .. 68.6 46.9

381.7 68.4 238.3 4.5 77.2 104.5

454.7 99.5 291.3 5.5 78.7 143.3

469.2 112.9 286.0 8.0 117.6 152.4

443.8 112.2 293.1 7.0 121.0 155.5

439.0 72.9 220.3 .. 117.6 158.8

.. 76.1 209.5 .. 117.6 156.1

.. 38.7 .. 0.5 72.2 33.3

151.0 34.4 8.8 0.1 75.4 52.6

224.7 40.3 7.4 0.0 46.0 68.0

191.6 41.9 5.9 0.0 35.7 75.2

174.8 42.1 5.6 0.0 33.2 77.2

177.4 44.9 5.8 0.0 31.6 78.1

265.3 44.1 12.3 0.0 31.6 82.1

227.9 .. 20.2 0.0 33.5 90.0

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

144


TUNISIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

11,355 9,688 8,888 6,093 77 2,795 1,327 800 .. 1,590 0

17,922 14,738 12,997 8,417 49 4,580 3,510 1,741 .. 3,135 0

22,472 17,073 14,671 10,220 420 4,451 3,819 2,402 .. 4,979 0

22,642 17,274 14,931 11,295 419 3,636 3,063 2,343 .. 4,949 0

25,261 18,613 16,569 12,500 419 4,068 3,571 2,044 .. 6,230 0

25,661 18,517 16,879 13,336 572 3,543 3,110 1,638 .. 6,572 0

26,372 17,990 16,475 12,682 1,537 3,793 3,364 1,514 .. 6,846 0

27,363 19,021 17,839 13,128 1,768 4,711 4,315 1,182 .. 6,575 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,542 1,242 709 533 0 300 ..

1,256 1,126 843 283 249 130 ..

1,642 1,545 1,507 39 0 97 ..

2,244 2,157 2,131 26 0 87 ..

3,417 3,361 2,047 1,314 1,298 56 ..

1,509 1,489 1,255 234 225 20 ..

2,435 2,435 1,803 632 500 0 ..

3,750 3,750 2,686 1,064 1,000 0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,296 1,264 662 602 371 32 ..

1,187 1,129 873 255 136 58 ..

1,617 1,397 887 510 0 220 ..

1,905 1,759 860 899 814 146 ..

1,899 1,609 880 729 650 290 ..

1,800 1,374 875 499 443 426 ..

1,314 1,191 1,110 81 0 124 ..

1,669 1,337 1,269 67 0 332 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

489 479 297 182 99 10 ..

686 584 334 249 200 102 ..

670 546 309 237 193 124 ..

678 559 330 230 203 119 ..

610 500 342 158 135 110 ..

572 489 318 171 155 83 ..

454 454 343 112 96 0 ..

463 463 308 155 141 0 ..

996 258 7 -17 -40 251 199 -371 570 52 738 755 -18

587 -141 -31 -57 .. -111 99 113 -13 -210 728 716 12

1,482 169 619 74 .. -451 -594 0 -594 144 1,313 1,339 -26

704 310 1,270 444 .. -961 -931 -814 -117 -29 395 439 -44

4,342 2,797 1,167 404 .. 1,631 351 648 -298 1,280 1,545 1,560 -15

1,353 203 531 -127 151 -328 -670 -218 -452 342 1,151 1,071 80

3,541 2,442 1,740 170 1,047 702 428 500 -73 274 1,099 1,027 72

3,229 2,110 1,717 510 301 393 664 1,000 -336 -271 1,118 966 153

20,525 8,653 10,299 468 796 1,811

30,636 14,884 16,495 962 1,393 4,437

41,984 22,556 26,595 1,658 2,063 9,459

43,650 22,950 28,235 1,716 2,004 7,454

43,140 22,600 28,471 1,533 2,266 8,357

44,194 22,513 28,642 1,756 2,291 7,287

45,911 22,103 28,759 1,362 2,347 7,235

41,734 17,930 23,718 984 1,971 ..

131.2 55.3 22.1 14.0 30.6 15.9

120.4 58.5 13.7 17.5 30.9 24.8

99.6 53.5 10.4 22.2 30.2 42.1

98.7 51.9 11.5 21.9 33.8 32.9

111.8 58.6 11.5 24.7 34.6 33.1

114.0 58.1 11.8 25.6 36.9 28.4

119.3 57.4 8.7 26.0 33.5 27.4

152.6 65.6 12.9 24.0 34.2 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2008 are World Bank staff estimates based on reports provided by the country.

145


TURKEY

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

116,799 83,565 55,736 12,537 4,323 43,200 20,392 27,828 1,784 28,912 0

173,649 119,926 64,483 12,435 14,807 52,048 29,409 55,443 4,025 38,916 0

300,526 216,089 93,010 26,427 7,277 66,583 45,774 123,080 6,202 77,160 0

305,016 218,981 94,714 28,168 4,521 66,546 47,020 124,267 4,003 81,513 0

336,739 234,177 98,949 29,490 2,510 69,459 52,446 135,228 11,835 100,051 0

389,221 257,264 105,134 31,910 1,650 73,224 58,427 152,130 20,885 130,307 0

400,874 273,684 104,204 30,792 1,552 73,412 62,694 169,480 28,781 125,638 0

397,923 294,222 102,027 29,451 1,485 72,575 64,163 192,196 29,137 102,216 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

22,959 14,078 2,393 11,685 6,980 8,881 454

41,260 7,756 1,001 6,755 5,230 33,504 3,125

48,617 14,578 5,561 9,017 6,665 34,039 2,300

54,302 10,993 3,952 7,042 4,820 43,308 2,085

64,551 12,441 3,064 9,378 7,927 52,110 6,965

77,973 12,644 3,901 8,743 7,613 65,329 8,635

75,006 13,872 4,045 9,827 9,002 61,134 8,355

37,296 9,066 2,761 6,305 5,170 28,230 2,910

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

13,744 6,268 1,745 4,523 1,858 7,476 ..

24,651 7,958 1,653 6,305 3,886 16,693 1,150

45,491 6,015 1,788 4,227 2,575 39,476 420

40,165 6,511 1,714 4,797 3,285 33,654 523

41,307 5,672 1,739 3,933 2,274 35,635 404

46,916 5,070 1,796 3,274 1,500 41,846 1,965

41,348 7,011 2,019 4,992 3,037 34,337 915

11,806 6,453 1,802 4,651 2,750 5,353 2,394

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

5,000 3,467 659 2,808 1,479 1,533 126

6,562 4,637 596 4,041 2,838 1,925 338

8,868 4,691 488 4,203 3,368 4,177 228

12,171 4,759 580 4,180 3,433 7,412 385

8,541 4,752 611 4,141 3,507 3,789 266

9,345 4,507 536 3,972 3,443 4,837 813

9,874 4,549 544 4,004 3,624 5,325 1,158

6,418 4,368 472 3,897 3,641 2,050 1,472

19,498 18,027 4,020 800 3,372 14,007 8,567 5,576 2,991 5,440 1,471 982 489

34,989 19,345 -5,972 -300 -5,320 25,316 17,261 3,319 13,942 8,055 15,644 9,975 5,669

41,305 29,122 1,602 2,088 -2,171 27,520 -647 5,970 -6,617 28,167 12,183 8,715 3,468

30,855 15,682 -569 964 -2,807 16,252 11,899 3,098 8,801 4,353 15,173 16,158 -985

58,817 39,779 -679 759 -2,004 40,458 21,920 12,214 9,706 18,538 19,038 12,762 6,276

73,656 60,455 1,247 451 -857 59,208 28,952 12,783 16,169 30,256 13,201 12,359 842

44,184 28,989 2,025 78 0 26,963 31,632 13,405 18,227 -4,669 15,195 12,636 2,559

15,405 2,069 959 -240 0 1,109 24,531 2,936 21,595 -23,422 13,336 15,731 -2,395

262,566 53,189 67,873 279 4,560 22,488

477,610 110,456 132,890 1,051 1,368 50,579

724,653 162,642 208,733 2,871 1,819 80,713

767,505 188,275 264,396 2,937 1,883 78,322

782,275 211,277 260,644 2,646 1,881 99,943

814,666 215,276 280,090 3,662 1,901 110,927

790,667 225,656 270,615 2,328 1,739 106,906

708,694 203,122 236,685 3,396 1,395 92,921

219.6 44.5 38.9 24.8 4.9 19.3

157.2 36.4 37.4 22.4 4.4 29.1

184.8 41.5 36.5 25.7 6.6 26.9

162.0 39.7 30.8 26.7 7.0 25.7

159.4 43.0 26.2 29.7 6.9 29.7

180.8 47.8 28.6 33.5 6.7 28.5

177.6 50.7 24.7 31.3 6.3 26.7

195.9 56.1 10.7 25.7 6.1 23.4

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed debt data include nonresident deposits made under the Dresdner Bank scheme, amounting to $1.1 billion at end-2015.

146


TURKMENISTAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

2,627.0 2,288.1 2,271.3 838.6 91.0 1,432.7 0.0 16.7 .. 248.0 5.0

1,152.8 911.0 877.8 685.9 99.8 192.0 0.0 33.1 .. 142.0 5.0

529.1 366.8 359.5 341.6 107.5 17.8 0.0 7.4 .. 54.8 0.8

454.3 299.3 265.5 265.5 107.2 0.0 0.0 33.8 .. 47.8 0.8

503.9 309.8 270.6 270.6 107.3 0.0 0.0 39.2 .. 86.8 0.8

506.9 328.6 280.7 280.7 107.5 0.0 0.0 47.8 .. 70.8 0.8

411.2 309.3 263.2 263.2 101.2 0.0 0.0 46.0 .. 0.8 0.8

402.9 272.4 234.2 234.2 96.7 0.0 0.0 38.1 .. 33.8 0.8

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

430.1 420.9 292.6 128.3 0.0 9.2 ..

89.0 24.9 24.9 0.0 0.0 64.1 ..

25.5 17.9 17.9 0.0 0.0 7.5 ..

44.4 13.6 13.6 0.0 0.0 30.9 ..

54.7 45.6 45.6 0.0 0.0 9.1 ..

58.0 46.0 46.0 0.0 0.0 12.0 ..

43.3 23.0 23.0 0.0 0.0 20.2 ..

22.3 10.1 10.1 0.0 0.0 12.2 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

353.0 347.4 44.0 303.4 0.0 5.5 ..

261.4 189.1 112.6 76.5 0.0 72.3 ..

142.8 129.8 96.7 33.1 0.0 13.0 ..

120.9 118.4 100.0 18.4 0.0 2.5 ..

41.0 37.1 37.1 0.0 0.0 3.9 ..

40.6 35.3 35.3 0.0 0.0 5.3 ..

47.1 33.4 33.4 0.0 0.0 13.7 ..

48.1 30.7 30.7 0.0 0.0 17.3 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

101.9 101.2 27.8 73.4 0.0 0.7 ..

39.1 37.3 23.9 13.4 0.0 1.8 ..

10.8 10.3 9.6 0.8 0.0 0.4 ..

9.6 9.0 8.7 0.3 0.0 0.6 ..

7.7 7.1 7.1 0.0 0.0 0.6 ..

6.6 6.2 6.2 0.0 0.0 0.4 ..

6.6 6.0 6.0 0.0 0.0 0.6 ..

5.5 4.6 4.6 0.0 0.0 0.9 ..

147.1 16.1 248.6 19.6 0.0 -232.5 -171.5 .. -171.5 -61.1 131.0 131.0 ..

-52.2 -470.4 -87.7 -1.8 0.0 -382.7 -84.7 .. -84.7 -298.0 418.2 418.2 ..

3,485.0 -147.3 -78.7 -1.4 0.0 -68.6 -38.6 .. -38.6 -30.0 3,632.3 3,632.3 ..

3,307.6 -83.5 -86.4 -1.5 0.0 3.0 10.0 .. 10.0 -7.0 3,391.1 3,391.1 ..

3,182.3 52.6 8.5 -1.6 0.0 44.2 5.2 .. 5.2 39.0 3,129.6 3,129.6 ..

3,733.6 1.4 10.7 -1.7 0.0 -9.3 6.7 .. 6.7 -16.0 3,732.2 3,732.2 ..

4,096.3 -73.8 -10.3 -1.8 0.0 -63.5 6.5 .. 6.5 -70.0 4,170.1 4,170.1 ..

4,266.0 7.3 -20.6 -1.9 0.0 27.9 -5.1 .. -5.1 33.0 4,258.8 4,258.8 ..

2,727.4 .. .. .. .. ..

7,541.4 .. .. .. .. ..

20,689.2 .. .. .. 35.0 ..

26,406.3 .. .. .. 34.0 ..

31,835.2 .. .. .. 37.0 ..

35,894.5 .. .. .. 40.0 ..

40,144.6 .. .. .. 29.8 ..

35,663.7 .. .. .. .. ..

.. 96.3 .. 9.4 1.8 ..

.. 15.3 .. 12.3 3.5 ..

.. 2.6 .. 10.4 2.7 ..

.. 1.7 .. 10.5 2.5 ..

.. 1.6 .. 17.2 8.6 ..

.. 1.4 .. 14.0 15.5 ..

.. 1.0 .. 0.2 22.7 ..

.. 1.1 .. 8.4 24.3 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

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.

147


UGANDA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

3,535 3,051 3,051 3,027 354 24 4 .. .. 129 58

4,461 4,209 4,209 4,182 173 27 0 .. .. 79 29

2,975 2,673 2,673 2,673 275 0 0 .. .. 26 26

3,263 2,963 2,963 2,963 273 0 0 .. .. 26 26

3,776 3,478 3,478 3,478 272 0 0 .. .. 26 26

4,804 4,064 4,064 4,064 270 0 0 .. .. 469 27

4,998 4,213 4,213 4,213 252 0 0 .. .. 533 26

5,756 4,873 4,873 4,873 240 0 0 .. .. 643 26

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

219 219 219 0 0 .. ..

228 228 224 4 0 .. ..

486 486 486 0 0 .. ..

335 335 335 0 0 .. ..

559 559 559 0 0 .. ..

630 630 630 0 0 .. ..

463 463 463 0 0 .. ..

883 883 883 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

26 26 25 1 0 .. ..

99 99 98 1 0 .. ..

40 40 40 0 0 .. ..

35 35 35 0 0 .. ..

38 38 38 0 0 .. ..

44 44 44 0 0 .. ..

51 51 51 0 0 .. ..

46 46 46 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

21 21 20 0 0 .. ..

33 33 32 0 0 .. ..

21 21 21 0 0 .. ..

26 26 26 0 0 .. ..

28 28 28 0 0 .. ..

36 36 36 0 0 .. ..

44 44 44 0 0 .. ..

41 41 41 0 0 .. ..

279 177 184 187 -10 -7 -1 .. -1 -6 102 102 ..

470 89 95 112 -30 -7 3 .. 3 -10 381 381 ..

415 237 447 323 0 -209 0 .. 0 -209 177 248 -70

976 298 298 171 -2 0 .. .. .. 0 679 573 106

1,456 520 520 187 -2 0 .. .. .. 0 936 922 14

1,970 1,027 584 351 -2 443 .. .. .. 443 943 848 95

1,220 474 410 165 -2 64 .. .. .. 64 746 741 5

1,721 946 836 214 -1 110 .. .. .. 110 775 775 0

6,086 716 1,574 19 238 808

8,748 1,592 2,641 202 322 1,344

19,844 3,528 6,500 183 771 2,706

19,931 4,315 7,855 262 816 2,617

22,766 5,004 8,280 252 913 3,167

24,324 5,315 8,368 344 941 3,338

26,359 4,760 8,400 347 888 3,316

25,652 4,874 8,613 686 1,049 2,909

493.6 58.1 10.6 3.7 74.5 22.9

280.3 51.0 10.8 1.8 88.1 30.1

84.3 15.0 1.8 0.9 81.2 91.0

75.6 16.4 1.5 0.8 83.0 80.2

75.5 16.6 1.4 0.7 80.5 83.9

90.4 19.8 1.5 9.8 74.2 69.5

105.0 19.0 2.1 10.7 73.0 66.4

118.1 22.4 1.8 11.2 67.5 50.5

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Data include the effects of HIPC and MDRI debt relief.

148


UKRAINE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

13,910 9,683 8,142 5,005 3,779 3,136 2,379 1,541 .. 447 183

35,095 19,973 10,443 5,123 3,059 5,321 2,943 9,530 550 12,063 110

124,297 80,771 25,097 14,731 16,262 10,366 9,058 55,674 4,313 27,264 1,671

135,465 86,527 25,368 12,528 16,212 12,840 11,768 61,158 5,863 32,727 13

132,069 84,524 27,051 11,797 12,795 15,254 14,197 57,473 6,522 34,750 1,518

147,656 105,643 32,303 11,656 7,190 20,647 20,607 73,340 9,769 34,823 48

131,206 100,910 34,849 13,483 7,608 21,365 21,343 66,061 7,580 22,689 2,397

122,825 90,401 34,731 13,371 12,486 21,360 21,352 55,671 4,695 19,938 2,945

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,411 183 151 32 0 1,228 ..

7,857 1,415 567 847 747 6,442 450

32,216 7,944 4,259 3,685 3,685 24,272 0

28,446 3,352 600 2,753 2,750 25,094 1,550

16,765 4,163 560 3,603 3,600 12,602 0

37,611 11,566 3,116 8,450 8,450 26,046 3,975

11,349 4,699 3,699 1,000 1,000 6,650 0

18,103 14,927 1,624 13,302 13,302 3,176 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,121 1,257 1,215 42 33 864 ..

4,055 1,231 569 662 637 2,825 0

22,866 1,427 497 929 691 21,439 801

23,215 3,071 2,818 254 15 20,143 0

21,114 2,492 1,288 1,204 1,186 18,622 0

26,430 6,407 3,313 3,094 2,076 20,023 0

10,591 1,293 1,112 181 165 9,299 2,189

24,563 14,324 1,080 13,244 13,230 10,239 2,885

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

574 502 149 352 344 72 ..

1,033 563 134 429 222 470 41

3,527 589 225 363 257 2,938 407

4,318 848 263 586 490 3,470 423

4,472 908 219 689 611 3,564 403

5,315 1,251 151 1,100 1,061 4,064 497

5,159 1,613 392 1,222 1,221 3,546 613

4,072 1,343 219 1,124 1,124 2,729 547

-541 -1,282 -1,662 88 -598 380 354 -33 387 26 741 595 146

12,775 5,200 -301 316 -300 5,501 3,803 561 3,242 1,698 7,575 7,493 82

24,993 19,153 7,195 -85 3,433 11,959 5,589 2,193 3,396 6,370 5,840 5,550 290

18,992 12,352 -2,218 -26 .. 14,571 7,450 4,285 3,165 7,121 6,640 6,121 519

-480 -7,244 -4,142 37 -3,413 -3,103 -3,621 2,414 -6,035 518 6,764 6,248 516

11,995 7,147 -5,775 92 -5,578 12,921 11,378 10,349 1,029 1,543 4,848 3,668 1,180

-12,520 -12,841 3,471 1,387 884 -16,312 -1,829 -1,354 -475 -14,483 321 712 -391

-319 -4,499 5,804 891 5,260 -10,304 -7,005 -2,812 -4,192 -3,299 4,180 4,003 177

30,320 18,640 18,007 43 33 1,353

85,157 43,384 43,695 268 2,408 18,988

134,410 70,341 76,332 2,218 6,535 33,327

159,364 89,137 103,078 4,084 7,822 30,409

172,813 93,598 110,909 4,775 8,449 22,656

178,236 89,486 108,153 5,005 9,667 18,776

130,247 70,939 77,076 1,742 7,354 6,622

89,423 52,160 54,977 471 5,845 12,368

74.6 45.9 20.1 3.2 17.1 9.7

80.9 41.2 13.6 34.4 7.9 54.1

176.7 92.5 38.4 21.9 10.7 26.8

152.0 85.0 31.8 24.2 8.3 22.4

141.1 76.4 31.3 26.3 8.1 17.2

165.0 82.8 42.3 23.6 7.3 12.7

185.0 100.7 27.8 17.3 9.7 5.0

235.5 137.4 58.3 16.2 10.2 10.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

149


UZBEKISTAN

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

4,948 4,232 3,766 2,117 469 1,649 0 467 .. 246 3

4,632 4,168 3,626 2,451 376 1,175 0 542 .. 88 8

7,802 7,154 3,423 3,197 405 226 0 3,730 .. 244 70

8,300 7,666 3,756 3,529 403 227 0 3,910 .. 231 70

9,119 8,108 3,983 3,821 404 163 0 4,125 .. 607 0

10,675 9,857 4,379 4,254 405 125 0 5,478 .. 413 0

13,308 12,432 5,568 5,382 381 185 0 6,864 .. 495 0

14,838 13,813 6,498 6,243 364 255 0 7,315 .. 661 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

770 713 409 304 0 57 ..

404 262 200 62 0 142 ..

1,191 455 440 15 0 736 ..

947 603 528 75 0 344 ..

1,028 587 577 10 0 441 ..

2,378 780 770 10 0 1,598 ..

2,752 999 883 116 0 1,753 ..

2,421 1,301 1,184 116 0 1,121 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

589 448 148 301 0 141 ..

620 510 177 333 0 110 ..

493 370 256 114 0 123 ..

460 295 226 69 0 165 ..

516 293 217 76 0 224 ..

528 284 232 52 0 244 ..

674 305 266 40 0 369 ..

959 289 262 27 0 670 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

207 183 75 108 0 24 ..

140 117 63 53 0 23 ..

118 63 59 4 0 55 ..

158 68 62 6 0 90 ..

173 75 66 9 0 97 ..

163 66 64 2 0 97 ..

206 67 64 3 0 139 ..

300 70 65 5 0 229 ..

-190 -264 196 27 -65 -461 -81 .. -81 -380 75 75 ..

-122 -314 5 11 -18 -318 -239 .. -239 -79 192 192 ..

2,298 662 184 5 0 478 514 .. 514 -36 1,636 1,636 ..

2,109 474 302 9 0 172 185 .. 185 -13 1,635 1,635 ..

1,521 958 360 41 0 598 152 .. 152 446 563 563 ..

2,285 1,656 538 48 0 1,118 1,311 .. 1,311 -194 629 629 ..

2,786 2,160 617 47 0 1,543 1,461 .. 1,461 82 626 626 ..

2,696 1,627 922 120 0 705 539 .. 539 166 1,068 1,068 ..

13,541 .. .. .. .. ..

14,283 .. .. .. .. ..

40,492 .. .. .. 2,845 ..

47,104 .. .. .. 4,262 ..

52,596 .. .. .. 5,668 ..

59,137 .. .. .. 6,633 ..

65,386 .. .. .. 5,588 ..

67,959 .. .. .. .. ..

.. 36.5 .. 5.0 9.2 ..

.. 32.4 .. 1.9 17.2 ..

.. 19.3 .. 3.1 15.5 ..

.. 17.6 .. 2.8 15.9 ..

.. 17.3 .. 6.7 18.8 ..

.. 18.1 .. 3.9 20.6 ..

.. 20.4 .. 3.7 19.0 ..

.. 21.8 .. 4.5 21.2 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

150


VANUATU

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

112.3 73.1 73.1 73.1 21.2 0.0 0.0 .. .. 18.0 0.0

100.3 71.9 71.9 71.9 23.3 0.0 0.0 .. .. 5.2 0.2

174.3 99.3 99.3 99.3 25.1 0.0 0.0 .. .. 50.0 0.0

170.8 98.8 98.8 98.8 25.0 0.0 0.0 .. .. 47.0 0.0

348.2 92.2 92.2 92.2 25.0 0.0 0.0 .. .. 231.0 0.0

177.4 84.3 84.3 84.3 25.1 0.0 0.0 .. .. 68.0 0.0

172.3 76.7 76.7 76.7 23.6 0.0 0.0 .. .. 72.0 0.0

170.3 74.2 74.2 74.2 46.1 0.0 0.0 .. .. 50.0 0.0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

14.2 14.2 14.2 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

0.0 0.0 0.0 0.0 0.0 .. ..

3.4 3.4 3.4 0.0 0.0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.9 0.9 0.9 0.0 0.0 .. ..

1.1 1.1 1.1 0.0 0.0 .. ..

3.6 3.6 3.6 0.0 0.0 .. ..

3.4 3.4 3.4 0.0 0.0 .. ..

3.8 3.8 3.8 0.0 0.0 .. ..

3.7 3.7 3.7 0.0 0.0 .. ..

3.5 3.5 3.5 0.0 0.0 .. ..

3.0 3.0 3.0 0.0 0.0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

0.6 0.6 0.6 0.0 0.0 .. ..

0.7 0.7 0.7 0.0 0.0 .. ..

1.4 1.4 1.4 0.0 0.0 .. ..

1.3 1.3 1.3 0.0 0.0 .. ..

1.2 1.2 1.2 0.0 0.0 .. ..

1.4 1.4 1.4 0.0 0.0 .. ..

1.3 1.3 1.3 0.0 0.0 .. ..

1.2 1.2 1.2 0.0 0.0 .. ..

48.6 30.2 13.4 -0.2 0.0 16.9 .. .. .. 16.9 18.4 18.4 ..

-27.5 -41.1 -1.1 -0.3 0.0 -40.0 .. .. .. -40.0 13.5 13.5 ..

68.0 17.4 -3.6 -0.5 0.0 21.0 .. .. .. 21.0 50.6 50.6 ..

48.1 -6.4 -3.4 -0.6 0.0 -3.0 .. .. .. -3.0 54.5 54.5 ..

223.4 180.2 -3.8 -0.6 0.0 184.0 .. .. .. 184.0 43.1 43.1 ..

-142.1 -166.7 -3.7 -0.6 0.0 -163.0 .. .. .. -163.0 24.5 24.5 ..

22.7 0.5 -3.5 -0.6 0.0 4.0 .. .. .. 4.0 22.2 22.2 ..

31.3 2.2 24.2 0.7 23.8 -22.0 .. .. .. -22.0 29.1 29.1 ..

259.0 175.7 178.8 21.9 13.5 38.9

369.0 204.6 258.6 35.3 5.1 67.2

675.7 363.0 427.4 51.8 11.8 161.4

768.8 393.0 466.5 53.4 21.8 173.8

734.1 393.7 479.5 75.4 22.0 182.2

797.0 424.5 450.4 29.0 23.7 179.2

815.2 433.5 445.8 27.9 28.1 184.0

.. 358.2 516.4 25.1 24.1 269.2

63.9 43.3 1.6 16.0 57.1 34.7

49.0 27.2 1.6 5.2 67.2 67.0

48.0 25.8 1.6 28.7 39.5 92.6

43.5 22.2 1.5 27.5 39.5 101.8

88.5 47.4 2.1 66.3 17.7 52.3

41.8 22.3 1.4 38.3 30.4 101.0

39.7 21.1 1.3 41.8 27.6 106.8

47.5 .. 1.4 29.4 28.0 158.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term public and publicly guaranteed debt data from 2010 are World Bank staff estimates. Short-term debt is based on data from the BIS.

151


VENEZUELA, REPĂšBLICA BOLIVARIANA de

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

42,753 33,952 27,820 6,180 616 21,640 16,217 6,132 3,880 8,186 59

45,357 34,796 31,094 3,434 453 27,660 24,401 3,702 3,670 10,108 5

101,766 73,794 37,512 5,382 3,917 32,130 30,620 36,282 8,067 24,055 ..

118,172 89,860 44,264 6,719 3,905 37,546 36,627 45,596 6,942 24,407 ..

130,630 98,725 46,236 8,724 3,909 37,511 36,624 52,489 12,110 27,996 ..

132,346 98,588 45,622 9,648 3,917 35,974 35,097 52,966 12,626 29,841 ..

135,748 101,476 44,134 9,726 3,685 34,408 33,586 57,342 17,080 30,587 ..

123,666 89,930 42,643 9,305 3,524 33,339 32,280 47,286 2,300 30,212 ..

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,343 2,343 787 1,556 462 0 0

7,252 7,252 406 6,847 6,143 0 0

4,729 4,729 1,707 3,023 3,000 0 0

9,266 9,266 2,060 7,206 7,200 0 0

2,661 2,661 2,514 147 0 0 0

1,579 1,579 1,461 117 0 0 0

1,234 1,234 1,126 108 0 0 0

1,706 1,706 1,346 360 0 0 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,921 2,265 613 1,652 1,119 655 0

2,385 1,698 739 959 226 687 0

10,058 885 479 406 119 9,174 659

14,461 2,516 726 1,790 1,186 11,946 0

15,527 690 504 186 0 14,837 2,365

14,580 2,213 529 1,684 1,540 12,367 0

15,025 2,618 1,013 1,605 1,498 12,407 0

16,159 2,309 1,043 1,266 1,193 13,849 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

2,435 1,867 343 1,524 1,298 568 304

2,656 2,308 204 2,103 1,840 349 296

5,465 2,789 177 2,612 2,503 2,676 708

6,343 3,119 205 2,914 2,812 3,224 582

7,889 4,002 207 3,795 3,613 3,888 1,213

7,751 3,948 229 3,718 3,615 3,803 1,055

7,808 3,976 382 3,594 3,457 3,831 1,111

6,964 3,769 411 3,358 3,272 3,195 166

2,011 -384 -333 -158 -507 -52 -752 -657 -95 700 2,395 2,969 -574

9,754 7,138 -333 -93 .. 7,471 5,200 5,916 -717 2,271 2,616 2,588 28

-1,981 -2,108 1,228 .. .. -3,336 -6,557 2,222 -8,779 3,221 127 117 10

-1,849 -4,843 1,334 .. .. -6,177 -6,529 6,014 -12,543 352 2,994 2,988 6

-6,630 -9,277 2,010 .. .. -11,287 -14,876 -2,365 -12,510 3,589 2,647 2,681 -34

-10,831 -11,156 933 .. .. -12,089 -13,934 -1,540 -12,394 1,845 325 896 -571

-11,709 -13,045 113 .. .. -13,158 -13,904 -1,498 -12,406 746 1,336 1,287 49

-14,657 -14,827 303 .. .. -15,130 -14,755 -1,193 -13,562 -375 170 165 5

115,760 37,760 25,737 1,424 17 13,088

143,311 61,208 35,699 3,895 148 23,919

387,498 70,481 63,996 4,510 143 13,137

309,358 97,678 80,535 6,280 138 9,930

371,238 101,810 98,221 6,307 118 9,900

359,549 93,188 87,366 4,109 120 6,038

.. 78,398 74,582 3,539 117 7,457

.. 39,675 59,824 2,823 104 6,324

113.2 36.9 16.9 19.1 7.5 30.6

74.1 31.6 8.7 22.3 6.2 52.7

144.4 26.3 22.9 23.6 4.4 12.9

121.0 38.2 22.1 20.7 4.7 8.4

128.3 35.2 23.7 21.4 4.3 7.6

142.0 36.8 24.8 22.5 4.3 4.6

173.2 .. 30.2 22.5 4.3 5.5

311.7 .. 60.4 24.4 4.4 5.1

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed debt data from 2004 are based on Central Bank data. Short-term debt is based on Central Bank data.

152


VIETNAM

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

12,785 11,584 11,584 8,680 378 2,904 560 .. .. 823 78

18,530 16,219 16,219 14,259 272 1,960 1,171 .. .. 2,040 74

44,902 37,444 32,764 27,435 529 5,329 2,020 4,680 .. 6,928 0

53,886 42,612 36,750 31,077 496 5,673 2,001 5,862 90 10,778 0

61,577 48,746 39,940 33,465 484 6,475 1,982 8,806 90 12,347 0

65,452 52,801 42,940 34,770 485 8,170 2,586 9,861 290 12,166 0

72,423 58,366 44,807 35,905 456 8,902 1,900 13,559 290 13,601 0

77,798 65,374 46,335 37,732 436 8,603 1,877 19,039 290 11,988 0

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

1,272 1,272 1,176 96 0 .. ..

2,047 2,047 1,261 786 750 .. ..

6,878 5,593 3,675 1,918 1,000 1,285 ..

6,968 4,751 4,001 750 0 2,217 90

8,727 5,958 4,711 1,247 0 2,769 0

9,465 7,033 4,821 2,212 627 2,433 200

13,841 7,524 5,379 2,145 0 6,316 0

12,981 4,456 4,020 436 0 8,525 0

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

937 937 134 802 0 .. ..

480 480 303 177 41 .. ..

1,048 1,048 735 313 19 0 ..

3,082 1,201 823 378 19 1,881 0

3,276 1,473 1,024 449 19 1,803 0

3,274 1,896 1,362 534 23 1,378 0

5,307 2,689 1,389 1,300 685 2,618 0

4,922 1,877 1,215 662 23 3,045 0

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

298 298 77 220 23 .. ..

318 318 256 62 22 .. ..

707 563 398 165 93 144 ..

902 689 457 232 126 213 4

1,012 744 494 250 126 268 9

1,074 763 514 249 126 311 9

1,238 808 508 301 140 429 32

1,538 821 519 302 86 717 32

1,670 372 1,020 173 -21 -648 -706 .. -706 58 1,298 1,298 ..

3,164 1,845 904 378 -54 941 609 709 -100 332 1,319 1,204 115

17,424 7,940 2,902 1,501 -38 5,038 2,889 981 1,908 2,149 9,484 7,101 2,383

14,708 7,703 3,145 1,082 -33 4,557 707 71 636 3,850 7,005 5,941 1,064

15,214 7,008 3,675 1,285 -13 3,333 1,764 -19 1,783 1,569 8,206 6,943 1,263

13,483 6,011 3,459 1,303 0 2,552 2,733 803 1,929 -181 7,472 6,202 1,270

17,897 9,969 3,991 1,379 0 5,978 4,543 -685 5,228 1,435 7,928 7,676 252

16,892 6,445 2,804 1,096 0 3,641 5,254 -23 5,277 -1,613 10,447 10,313 134

33,194 17,481 18,107 .. 1,340 3,417

56,575 36,987 40,927 .. 3,150 9,051

111,513 80,153 92,314 .. 8,260 12,467

129,698 106,180 114,629 .. 8,600 13,539

149,569 124,609 123,392 .. 10,000 25,573

163,885 143,024 144,756 .. 11,000 25,893

177,110 161,510 161,758 .. 12,000 34,189

182,855 173,711 180,540 .. 13,200 28,250

73.1 38.5 7.5 6.4 14.8 26.7

50.1 32.8 2.6 11.0 27.8 48.8

56.0 40.3 2.3 15.4 27.9 27.8

50.7 41.5 3.9 20.0 26.7 25.1

49.4 41.2 3.6 20.1 26.0 41.5

45.8 39.9 3.2 18.6 27.5 39.6

44.8 40.9 4.2 18.8 26.3 47.2

44.8 42.5 3.8 15.4 25.9 36.3

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

153


YEMEN, REPUBLIC OF

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

5,152 4,109 4,109 4,046 355 63 0 .. .. 689 27

5,478 4,814 4,814 4,807 333 7 0 .. .. 330 94

6,493 5,933 5,933 5,930 436 3 0 .. .. 124 124

6,418 5,876 5,876 5,874 410 2 0 .. .. 131 131

7,718 6,912 6,912 6,911 504 1 0 .. .. 302 140

7,570 6,884 6,884 6,883 505 1 0 .. .. 181 147

7,818 6,836 6,836 6,836 546 0 0 .. .. 437 153

7,287 6,469 6,469 6,469 522 0 0 .. .. 296 160

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

137 137 137 0 0 .. ..

265 265 265 0 0 .. ..

287 287 287 0 0 .. ..

101 101 101 0 0 .. ..

1,251 1,251 1,251 0 0 .. ..

203 203 203 0 0 .. ..

439 439 439 0 0 .. ..

60 60 60 0 0 .. ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

81 81 81 0 0 .. ..

94 94 94 0 0 .. ..

155 155 154 1 0 .. ..

175 175 174 1 0 .. ..

181 181 180 1 0 .. ..

194 194 193 1 0 .. ..

275 275 274 1 0 .. ..

279 279 279 0 0 .. ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

45 45 45 0 0 .. ..

55 55 55 0 0 .. ..

74 74 74 0 0 .. ..

75 75 74 0 0 .. ..

73 73 73 0 0 .. ..

75 75 75 0 0 .. ..

77 77 77 0 0 .. ..

74 74 74 0 0 .. ..

266 260 -15 51 -71 275 0 .. 0 275 6 6 ..

-136 166 116 102 -56 51 0 .. 0 51 -302 -302 ..

-189 -232 159 28 26 -391 -1 .. -1 -390 43 43 ..

-55 -99 -98 -40 -25 -1 -1 .. -1 .. 44 44 ..

1,355 1,325 1,164 -33 93 161 -1 .. -1 162 30 30 ..

-159 -26 103 -37 93 -129 -1 .. -1 -128 -134 -134 ..

-1,299 488 238 -46 74 249 -1 .. -1 250 -1,787 -1,787 ..

-1,558 -367 -219 -51 0 -148 0 .. 0 -148 -1,191 -1,191 ..

8,863 4,158 4,221 855 1,288 2,900

15,139 6,963 7,745 1,603 1,283 6,115

29,194 9,325 12,503 1,510 1,526 5,868

28,848 10,437 13,099 2,025 1,404 4,449

30,894 9,415 15,207 1,145 3,351 6,068

34,721 9,592 14,747 1,352 3,343 5,284

.. 9,458 17,005 1,392 3,351 ..

.. 1,890 8,265 204 3,351 ..

123.9 58.1 5.9 13.4 32.5 56.3

78.7 36.2 3.1 6.0 40.5 111.6

69.6 22.2 2.8 1.9 50.6 90.4

61.5 22.2 2.6 2.0 50.6 69.3

82.0 25.0 2.7 3.9 43.4 78.6

78.9 21.8 2.8 2.4 45.0 69.8

82.7 .. 3.8 5.6 44.2 ..

385.6 .. 18.8 4.1 43.6 ..

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%) Notes: Short-term debt is based on data from the BIS.

154


ZAMBIA

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

5,811 4,508 4,444 4,412 1,227 31 0 65 .. 76 33

5,461 4,538 3,942 3,646 689 295 0 596 .. 234 90

4,384 2,085 1,290 1,257 1,117 33 0 794 .. 1,183 159

5,099 3,401 1,884 1,776 1,137 108 0 1,517 .. 561 159

5,849 3,864 3,101 2,266 1,126 835 750 763 .. 859 163

5,927 4,028 3,266 2,453 1,110 813 750 763 .. 788 165

7,540 5,660 4,659 3,651 1,011 1,008 750 1,002 .. 868 167

8,785 7,259 6,375 4,185 907 2,191 2,000 883 .. 620 169

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

261 251 251 0 0 10 ..

218 114 114 0 0 105 ..

177 150 150 0 0 27 ..

737 644 553 91 0 93 ..

1,349 1,316 566 750 750 33 ..

329 296 296 0 0 33 ..

1,946 1,565 1,347 218 0 380 ..

1,949 1,949 699 1,250 1,250 0 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

98 79 79 1 0 18 ..

136 71 59 12 0 66 ..

86 47 38 8 0 40 ..

139 56 40 16 0 82 ..

143 101 78 23 0 42 ..

190 147 125 23 0 42 ..

231 90 67 23 0 141 ..

225 107 79 28 0 118 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

80 76 76 0 0 4 ..

58 29 29 0 0 28 ..

29 11 11 0 0 18 ..

48 12 12 0 0 35 ..

57 39 39 0 0 18 ..

98 80 40 40 40 18 ..

110 76 35 41 40 33 ..

204 178 137 41 40 26 ..

263 159 198 198 26 -39 -9 .. -9 -30 104 99 6

422 88 -8 76 -63 96 27 .. 27 69 334 329 5

2,178 850 167 30 55 683 -21 .. -21 704 1,328 1,228 101

967 0 537 65 24 -537 85 .. 85 -622 966 942 25

1,456 1,488 476 72 -12 1,012 718 750 -32 294 -32 -25 -7

424 49 154 65 -18 -105 -32 0 -32 -73 375 370 5

2,490 1,757 1,245 76 -35 513 435 0 435 78 733 727 6

1,723 1,413 559 61 -61 854 1,104 1,250 -146 -250 309 309 0

3,445 891 1,567 71 .. 245

7,700 2,842 3,181 461 53 560

18,903 8,063 6,969 1,303 44 2,094

22,304 9,430 8,715 1,093 46 2,324

25,170 10,521 9,603 239 73 3,042

27,292 11,607 12,170 1,020 54 2,684

26,227 11,077 11,762 1,322 58 3,078

20,135 8,232 9,226 34 47 2,968

652.0 168.7 21.2 1.3 41.4 4.2

192.2 70.9 10.0 4.3 57.2 10.3

54.4 23.2 1.9 27.0 21.1 47.8

54.1 22.9 2.3 11.0 19.0 45.6

55.6 23.2 2.2 14.7 18.4 52.0

51.1 21.7 2.8 13.3 20.0 45.3

68.1 28.7 3.6 11.5 29.3 40.8

106.7 43.6 6.2 7.1 26.6 33.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Long-term private nonguaranteed data 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 HIPC and MDRI debt relief.

155


ZIMBABWE

(US$ million, unless otherwise indicated)

2000

2005

2010

2011

2012

2013

2014

2015

3,843 2,981 2,776 2,439 294 337 0 205 .. 568 55

4,445 3,209 3,177 2,771 125 406 0 32 .. 1,111 534

6,605 4,260 3,664 3,230 529 433 0 596 .. 1,817 938

7,312 4,724 3,820 3,389 527 431 0 904 .. 2,061 1,054

8,655 5,715 3,884 3,447 520 437 0 1,831 .. 2,420 1,144

8,196 4,953 3,951 3,506 519 445 0 1,001 .. 2,724 1,236

8,036 4,935 3,708 3,295 487 413 0 1,228 .. 2,614 1,214

8,735 5,481 3,567 3,178 464 389 0 1,913 .. 2,791 1,258

Disbursements Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

185 139 125 15 0 46 ..

25 24 16 8 0 0 ..

847 4 4 0 0 843 ..

1,584 186 181 5 0 1,398 ..

1,433 70 70 0 0 1,363 ..

1,710 58 58 0 0 1,652 ..

1,442 74 73 1 0 1,368 ..

1,023 82 82 0 0 941 ..

Principal repayments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

211 146 113 33 0 65 ..

45 31 21 10 0 14 ..

337 1 1 0 0 336 ..

1,096 6 6 0 0 1,091 ..

440 5 5 0 0 435 ..

327 12 8 4 0 315 ..

323 68 68 0 0 255 ..

358 48 47 1 0 310 ..

Interest payments Public and publicly guaranteed Official creditors Private creditors of which: Bonds Private nonguaranteed of which: Bonds

81 64 50 13 0 17 ..

7 3 2 1 0 4 ..

31 13 13 0 0 18 ..

43 14 14 0 0 29 ..

273 14 14 0 0 259 ..

133 6 6 0 0 127 ..

122 21 21 0 0 101 ..

183 19 19 0 0 164 ..

-306 -329 -58 -20 -70 -271 -37 .. -37 -233 23 23 ..

-77 -180 -169 -2 -165 -11 -16 .. -16 5 103 103 ..

832 666 -1 0 -4 667 507 .. 507 160 166 166 ..

1,003 616 175 0 0 441 313 .. 313 128 387 387 ..

1,653 1,254 57 0 -7 1,196 927 .. 927 269 400 400 ..

1,993 1,593 48 0 -2 1,545 1,333 .. 1,333 212 400 400 ..

1,573 1,029 2 -2 -2 1,026 1,114 .. 1,114 -88 545 545 ..

1,217 796 33 -7 -2 763 630 .. 630 133 421 421 ..

6,329 .. .. .. .. 193

5,481 .. .. .. .. 97

8,877 3,652 6,594 .. 1,413 732

10,055 5,096 9,528 .. 1,919 659

11,429 4,648 8,683 .. 2,114 574

12,456 4,391 8,895 .. 1,890 474

13,081 4,282 8,531 .. 1,904 363

13,150 4,212 7,873 .. 2,047 418

.. 60.7 .. 14.8 35.2 5.0

.. 81.1 .. 25.0 33.4 2.2

180.9 74.4 10.5 27.5 24.1 11.1

143.5 72.7 22.6 28.2 21.8 9.0

186.2 75.7 15.9 28.0 18.8 6.6

186.7 65.8 11.0 33.2 19.9 5.8

187.7 61.4 10.9 32.5 19.1 4.5

207.4 66.4 13.4 31.9 16.9 4.8

Summary external debt data

External debt stocks Long-term external debt Public and publicly guaranteed Official creditors of which: IMF Private creditors of which: Bonds Private nonguaranteed of which: Bonds Short-term external debt interest arrears on long-term

Long-term external debt

Net financial flows Net inflows Net debt inflows Official creditors of which: World Bank of which: IMF Private creditors Long-term Bonds Banks and other private Short-term Net equity inflows Foreign direct investment Portfolio equity

Major economic aggregates

Gross national income (GNI) Exports of goods, services & prim. income Imports of goods, services & prim. income Primary income on FDI Personal transfers & comp. of employees International reserves

Ratios

External debt stocks to exports (%) External debt stocks to GNI (%) Debt service to exports (%) Short-term to external debt stocks (%) Multilateral to external debt stocks (%) Reserves to external debt stocks (%)

Notes: Data from 2001 include late interest fee owed to Paris Club and Commercial Creditors. Short-term debt is based on data from the BIS.

156


Appendix About the Data

157



Data Sources and Methodology

Data Sources

Debtor reporting system

T

he principal sources of information for the tables in International Debt Statistics 2017 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 benefit 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) on equity, 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 low- and middle-income countries. For some countries, estimates were prepared by pooling creditor and debtor information. Data on the gross national income of most low- and middleincome 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 vary for the same debtor from year

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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 websites.

Quarterly external debt statistics The Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF, brings together detailed external debt data of countries that subscribe to the IMF’s Special Data Dissemination Standard (SDDS) and a selected number of countries that participate in the IMF’s General Data Dissemination System (GDDS). In October 2014, the World Bank, in collaboration with the IMF, launched the new QEDS database in line with the classifications and definitions of the 2013 External Debt Statistics: Guide for Compilers and Users (2013 EDS Guide) and sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). The QEDS database reflects new concepts and definitions, classifications of external debt data, as well as expanded coverage that enhances the analytical use of the data. The database provides quarterly information on the stock of outstanding external debt, categorized by maturity as well as by borrowing entity and debt instrument. Reporting is voluntary but as of end 2015, 74 countries plus the Euro Area reported under the SDDS, and 47 countries reported under GDDS. The benefit of bringing together comparable external debt data is to facilitate macroeconomic analysis and cross-country data comparison. The Quarterly External Debt Database, which is maintained by the World Bank, can be accessed via the Bank’s website through the World Bank Open Data at www.databank.worldbank.org.

Quarterly public sector statistics debt As part of the World Bank Open Data Initiative, in December 2010, the World Bank launched for the first time an online, quarterly, Public Sector Debt Statistics (PSDS) database (www.worldbank. org/qpsd), developed in partnership with the IMF, which allows researchers and policy makers to explore questions about recent developments in public sector debt. The PSDS database, with the endorsement of the Inter-Agency Task Force on

160

Finance Statistics (TFFS), initially focused only on low- and middle-income, and emerging market countries; now in partnership with the OECD and Eurostat, the PSDS database has been expanded to include the advanced economies. The launch of the database is one of the recommendations in the G-20 Data Gaps Initiative.1 The PSDS database facilitates timely dissemination in standard formats of external debt data. By bringing such data and metadata together in one central location, the database supports macroeconomic analysis and crosscountry comparison. The database is organized into five sets of tables on the following sectors: General government; o/w central government; o/w budgetary central government; nonfinancial public corporations; and financial public corporations. The database is structured by instruments, maturity, and by creditors as the presentation format articulated in table 4.3 in the IMF Public Sector Debt Guide for compilers and users. While central government is identified as having the most important key of macroeconomic analysis, the PSDS database provides data on other levels of public sector, valuation methods, and debt instruments, and clearly defined tiers of debt where appropriate for central, state, and local governments, as well as extra-budgetary agencies and funds. As of end 2015, 78 countries participated in the Quarterly Public Sector Debt Database, which is maintained by the World Bank; it can be accessed through the Bank’s website through the World Bank Open Data at www.databank.worldbank.org.

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.

1. Please see http://www.imf.org/external/np/g20 /pdf/102909.pdf. The Public Sector Debt Statistics database is recommendation number 18 in the Data Gaps Initiative Report.


D a t a

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 2015 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 tables and 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 2015. 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. That matter must be resolved bilaterally between the Russian Federation and its debtor countries. Starting with the 1988–89 edition of World Debt Tables (a 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

S o u r c e S

a n D

M e t h o D o l o g y

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 the debt stock reconciliation, but not all components are shown in the IDS print edition and online tables.

External debt restructuring Starting in 1985, the WBXD includes information on the restructuring of debt by official creditors in the context of the Paris Club, restructuring by commercial creditors, debt swap operations, buybacks, and bond exchanges. It attempts to capture accurately the effect of debt restructuring on both external debt stocks and external debt flows, consistent with the terms on which the restructuring takes place. In the compilation and presentation of external debt data, a distinction is made between cash flows and imputed flows. According to this criterion, restructured service payments and the shift in liabilities from one financial instrument to another as a result of debt restructuring are considered to be imputed flows. Both cash flows and imputed flows are recorded separately in WBXD. The imputed flows and stock changes associated with debt restructuring are included in the IDS tables and online database to complement the cashbasis transactions recorded in the main body of the data. Such data encompass information on the debt stock and debt flows restructured each year, the

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amount of principal forgiven (interest forgiven is shown as a memorandum item), and the amount of external debt stock reduced either by forgiveness or by a debt buyback operation. Changes in creditors and debtors that result from debt restructuring are also reflected. For example, when insured commercial credits are rescheduled, the creditor classification shifts from private to official (bilateral), reflecting the assumption of the assets by the official credit insurance agencies in the creditor country. The IDS data will show a reduction in the external debt owed to the original private creditors equal or similar to the amount of debt restructured and a corresponding increase in the debt owed to the new official creditor. Similarly on the debtor side, when a government accepts responsibility for the payment of restructured debt previously owed by a private enterprise, the relevant change in the debtor category will be reflected. Likewise, if short-term external debt is restructured into a long-term obligation, the stock of short-term external debt will decline and the stock of long-term external debt will rise by the amount of short-term debt restructured. In the event of a debt swap of long-term external debt (external debt to equity, external debt for nature, or external debt for development), the face value of the external debt swapped will be recorded as a decline in long-term external debt stock, but no flow transaction (principal repayment) will be recorded.

Projections of future disbursements and debt service payments The WBXD system projects future disbursements and future debt service payments on the assumption that every existing loan commitment will be fully used and repaid in full.

Future disbursements Disbursement projections are made using one of the following methods: •

•

Specific schedules. Debtor countries are requested to submit a schedule of future disbursements, if available, at the time each new loan is first reported. Standard schedules. In the absence of specific schedules, the WBXD system projects the future disbursement schedule according to the undisbursed balance of each loan at the end of the most recent reporting period.

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These projected schedules are based on profiles derived from the disbursement pattern of comparable loans that fully disbursed. Thirty different profiles have been compiled corresponding to each category of creditor and, in the case of official creditors, for concessional and nonconcessional loans. Each profile is derived by applying regression analysis techniques to a body of data on actual disbursements for each fully disbursed loan in the WBXD database. The profiles are periodically updated to take into account the evolving pattern of disbursements observed for fully disbursed loans. Future principal payments are generated by the WBXD system according to the repayment terms of each loan. Principal repayments (amortization) are based on the amount of the loan commitment. If the amortization schedule follows a set pattern (for example, equal semiannual payments), the WBXD system calculates repayments automatically using the loan commitment amount, the first and final payment dates, and the frequency of the payments. If future payments are irregular, the WBXD system requires a schedule. Future interest payments are generated by the WBXD system according to the disbursed and outstanding balance of the loan at the beginning of the period. Using the interest rate specified in the loan contract, the first and final interest payment dates, and the frequency of payments, the WBXD system calculates the stream of future interest payments due. If interest payments are irregular, the WBXD system requires a schedule. Future debt service payments are the sum of future principal and interest payments due on existing commitments, including the undisbursed portion. They do not include debt service payments that may become due as a result of new loans contracted in subsequent years, nor do they take into account the effect of any change to future debt service obligations resulting from actions such as prepayment or rescheduling or from cancellations that occurred after the most recent year-end data reported to the DRS. Both projected disbursements and future debt service payments are converted into U.S. dollars using end-December 2015 exchange rates. Likewise, future interest payments on loans with a variable interest rate (for example, loans from commercial banks tied to the London Interbank Offered Rate [LIBOR]) are based on the interest rate prevailing at end-December 2015.


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Treatment of arrears The DRS collects information on arrears of both principal and interest. Principal in arrears is included in the amount of long-term external debt outstanding and is shown separately. Interest in arrears on long-term external debt and interest in arrears on the use of IMF credit are included as part of short-term external debt outstanding and are shown separately. Clearance of interest in arrears by repayment will be recorded as an interest payment in the relevant creditor category of the loan (or loans) on which the arrears were incurred, as a corresponding reduction in the level of short-term debt outstanding, and as a net reduction in interest arrears. Clearance of interest arrears through debt restructuring or forgiveness will be recorded as a reduction in the

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level of short-term debt outstanding and a net reduction in interest arrears. When interests are rescheduled, they will be capitalized: This change will be recorded as an increase in long-term debt outstanding equal to the amount of interest capitalized and the reduction in short-term debt outstanding noted previously.

External Debt and Its Components

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his section describes the compilation of the major components of external debt included in the IDS tables and database and the relationship between them, as shown in figure A.1 on the next page. Information about general methods of compiling external debt data is discussed in the

Figure A.1. External Debt and Its Components Total external debt (EDT)

Short-term debt

Long-term debt (LDOD)

Use of IMF credits

by debtor

Private nonguaranteed debt

Public and publicly guaranteed debt

by creditor

Official creditors

Multilateral

Private creditors

Bilateral

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Commercial banks

Bonds

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previous section titled “Methodology.” For concise definitions, see the glossary.

Total external debt Total external debt shown in the IDS is the sum of long-term external debt, short-term debt, and IMF credit. It represents the total debt owed to nonresident creditors and is repayable in both foreign and domestic currency.

Short-term debt Short-term debt is defined as external debt with an original maturity of one year or less. The DRS requires debtor countries to report only on their long-term external debt. However, to gain a comprehensive picture of total external obligations, the World Bank encourages debtor countries to voluntarily provide information on their shortterm external obligations. By its nature, short-term external debt is difficult to monitor: Loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its shortterm debt. Unless otherwise specified in the country tables, the data for short-term debt are derived from the data provided by the quarterly external debt statistics database (see QEDS). BIS data on international bank lending is the second source of the short-term debt. These data are reported on the basis of residual maturity, but an estimate of short-term external liabilities by original maturity can be derived by deducting from claims due in one year those that, 12 months earlier, had a maturity of between one and two years. However, not all commercial banks report to the BIS in a way that allows the full maturity distribution to be determined, and the BIS data include liabilities only to banks within the BIS reporting area. Consequently, the results should be interpreted with caution. The flow of short-term debt may be derived from the change in claims (stock) data in the BIS quarterly series over consecutive periods, but valuation adjustments resulting from exchange rate movements will affect the calculations, as will prepayment and refinancing of long-term maturities falling due. When short-term external debt has been rescheduled, lags in reporting and differences

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in the treatment of the rescheduled external debt by debtors and creditors may result in double counting. Interest in arrears on long-term external debt and interest in arrears on the use of IMF credit are added to short-term debt and are separately identified.

Use of IMF credit Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights (SDR) into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item was introduced for the first time in IDS 2013 with historical data starting in 1999.

Long-term debt Long-term debt has an original maturity of more than one year. It comprises the obligations of both public and private debtors. Private nonguaranteed debt comprises the external obligations of private debtors that are not guaranteed for repayment by a public entity in the debtor country. Public and publicly guaranteed debt comprises the external obligations of public debtors and has two components: (a) public debt, which is borrowing by the national government or agency, by a political subdivision or agency, or by autonomous public bodies, and (b) publicly guaranteed debt, which is borrowing by a private agency that is guaranteed for repayment by a public entity.

Private nonguaranteed debt The DRS reporting requirements were expanded in 1973 to include long-term private nonguaranteed debt. Data are reported annually on an


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aggregate basis and include, for the reporting year, the total amount of disbursed and outstanding debt; the amount of disbursements, principal repayments, and interest payments; the principal and interest rescheduled; and the projected principal and interest payments for future years. The aggregate data are usually reported in U.S. dollars, and no information on the underlying currency composition is given. DRS reporting countries recognize the importance of monitoring borrowing by their private sector, particularly when it constitutes a significant portion of total external debt, but many countries acknowledge the difficulty of this process. Detailed data are available only when countries have registration requirements for private nonguaranteed debt in place, most commonly in connection with exchange controls. When formal registration of private nonguaranteed debt is not mandatory, compilers must rely on balance of payments data and financial surveys. The data on private nonguaranteed debt in this publication is as reported or as estimated for countries where this type of external debt is known to be significant. The estimation of private nonguaranteed debt is based on the national data on quarterly external debt statistics (QEDS) or IMF data. Flows are derived from the change in stock over consecutive periods and are adjusted for the effects of exchange rate movements (assuming the currency composition mirrors that of public and publicly guaranteed debt) and for any known debt restructuring. Principal repayments are estimated on the basis of the average maturity observed for loans to private sector borrowers in countries reporting to the DRS and on the basis of the stock of debt outstanding. Interest payments are estimated on the basis of the stock of debt outstanding and interest rates prevailing in international capital markets. Balance of payments data provide a useful guideline in the estimation process: private nonguaranteed external debt may be derived as a residual between net long-term external borrowing recorded in the balance of payments and net long-term public and publicly guaranteed external debt reported to the DRS.

Public and publicly guaranteed debt Data related to public and publicly guaranteed debt are reported to the DRS on a loan-by-loan

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basis. The data provide annual information on the disbursed and outstanding balance and the undisbursed balance of each loan, the cumulative disbursements, the principal and interest paid and principal and interest restructured in the reporting year, and the stock of any outstanding payment’s arrears of principal and interest. Detailed information on the terms and conditions of each loan is also reported. Public debt and publicly guaranteed debt are shown as a single line in this publication and then further disaggregated by creditor type and, in the case of private creditors, by type of credit instrument.

Official creditors Official creditors include multilateral and bilateral lenders. In general, official creditors provide loans (and, in some cases, provide grants) to public bodies, although in some cases they may lend to other entities with a public guarantee. Multilateral creditors are international financial institutions such as the World Bank, regional development banks, and other multilateral and intergovernmental agencies whose lending is administered on a multilateral basis. Funds administered by an international financial organization on behalf of a single donor government constitute bilateral loans (or grants). For lending by a number of multilateral creditors, the data presented in this publication are taken from the creditors’ records. Such creditors include the African Development Bank, the Asian Development Bank, the IDB, IBRD, and IDA. (IBRD and IDA are institutions of the World Bank.) Bilateral creditors are governments and their agencies, including central banks, aid agencies, official export credit agencies, and autonomous agencies such as the U.S. Department of Agriculture or the Federal Home Loan Bank. Member countries of the OECD Development Assistance Committee (DAC) and some other countries also report information on loans extended bilaterally or officially guaranteed to the Creditor Reporting System of the OECD.

Private creditors Private creditors include commercial banks, bondholders, and other private creditors. This line includes only publicly guaranteed creditors. Nonguaranteed private creditors are shown separately.

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Bonds include publicly issued or privately placed bonds. Commercial bank loans are loans from private banks and other private financial institutions. Credits of other private creditors include credits from manufacturers, exporters, and other suppliers of goods, plus bank credits covered by a guarantee of an export credit agency. This line is included in the online database but is not shown in the published tables. It can be obtained as the difference between (a) credits of total private creditors and (b) bonds and commercial bank loans.

Sources of the Macroeconomic Indicators

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he macroeconomic data are prepared by The World Bank from a variety of sources. Data on Personal Transfers and Compensation of Employees are prepared by World Bank staff based on IMF balance of payments statistics. Data on foreign direct investments and current account balance are prepared by World Bank staff based on IMF balance of payments statistics and UNCTAD publication. Other macroeconomic data are from IMF balance of payments statistics.

Data on exports of goods, services, and primary income are based on countries’ balance of payments statistics for the following countries: Benin (2015) Burkina Faso (2015) Cambodia (2015) Comoros (from 2013) Côte d’Ivoire (from 2014) Dominica (from 2014) Grenada (from 2014)

Guinea (from 2014) Guinea-Bissau (2014) Iran, Islamic Rep. (from 2011) Kenya (2015) Madagascar (2014) Mali (2015) Niger (from 2014)

Samoa (2015) Senegal (2015) St. Lucia (from 2014) St. Vincent, and the Grenadines (from 2014) Togo (2015) Tonga (from 2014)

Data on imports of goods, services, and primary income are based on countries’ balance of payments statistics for the following countries: Benin (2015) Burkina Faso (2015) Cambodia (2015) Comoros (from 2013) Côte d’Ivoire (from 2014) Dominica (from 2014) Grenada (from 2014)

Guinea (from 2014) Guinea-Bissau (2014) Iran, Islamic Rep. (from 2011) Kenya (2015) Madagascar (2014) Mali (2015) Niger (from 2014)

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Samoa (2015) Senegal (2015) St. Lucia (from 2014) St. Vincent, and the Grenadines (from 2014) Togo (2015) Tonga (from 2014)


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Data on current account balance are based on countries’ balance of payments statistics for the following countries: Benin (2015) Burkina Faso (2015) Cambodia (2015) Central African Republic (from 2005) Chad (from 2005) Comoros (from 2013) Côte d’Ivoire (from 2014) Dominica (from 2014)

Ethiopia (2015) Grenada (from 2014) Guinea (from 2014) Guinea-Bissau (from 2014) Iran, Islamic Rep. (from 2010) Kenya (2015) Mali (2015) Mauritania (2007–2011)

Samoa (2015) Senegal (2015) St. Lucia (from 2014) St. Vincent and the Grenadines (from 2014) Togo (2015) Tonga (from 2014) Zimbabwe (from 2009)

Data on personal transfers and compensation of employees are based on countries’ balance of payments statistics for the following countries: Dominica (from 2014) Gambia, The (from 2013) Grenada (from 2014)

Iran (from 2011) Mali (2014) St. Lucia (from 2014)

St. Vincent and the Grenadines (from 2014)

Data on portfolio equity are based on countries’ balance of payments statistics for the following countries: Ghana (2011) Guatemala (from 2008) Honduras (from 2009) India (2015)

Kenya (2015) Kosovo (from 2014) Mali (2014) Mozambique (from 2010)

Niger (from 2013) Nigeria (2015) Papua New Guinea (2015) Sierra Leone (from 2012)

Data on foreign direct investment are based on countries’ balance of payments statistics for the following countries: Burundi (from 2014) Cambodia (2015) Dominica (from 2014) Grenada (from 2014) India (2015) Jamaica (2012-14) Kazakhstan (2014)

Malaysia (from 2010) Mongolia (2014) Niger (2014) Nigeria (2015) Papua New Guinea (2015) Samoa (2014) St. Lucia (from 2014)

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St. Vincent and the Grenadines (from 2014) Solomon Islands (2014) Tanzania (2014) Uganda (2014) Vietnam (2014)



Country Groups Regional Groups East Asia and Pacific Cambodia (A) China (P) Fiji (A) Indonesia (A) Lao PDR (A) Malaysia (E) Mongolia (A) Myanmar (E) Papua New Guinea (A) Philippines (A) Samoa (A) Solomon Islands (A) Thailand (A) Tonga (A) Vanuatu (E) Vietnam (A) Europe and Central Asia Albania (A) Armenia (A) Azerbaijan (A) Belarus (A) Bosnia and Herzegovinaa (A) Bulgaria (A) Georgia (A) Kazakhstan (A) Kosovo (A) Kyrgyz Republic (A) Macedonia, FYR (A) Moldova (A) Montenegro (A) Romania (A) Russian Federation (P) Serbiaa,b (A)

Tajikistan (A) Turkey (A) Turkmenistan (E) Ukraine (A) Uzbekistan (A) Latin America and the Caribbean Argentina (A) Belize (A) Bolivia (A) Brazil (A) Colombia (A) Costa Rica (A) Dominica (A) Dominican Republic (A) Ecuador (A) El Salvador (A) Grenada (A) Guatemala (A) Guyana (A) Haiti (A) Honduras (A) Jamaica (A) Mexico (A) Nicaragua (A) Panama (A) Paraguay (A) Peru (A) St. Lucia (A) St. Vincent and the Grenadines (A) Venezuela, RB (A) Middle East and North Africa Algeria (A) Djibouti (A)

Egypt, Arab Rep. (A) Iran, Islamic Rep. (A) Jordan (A) Lebanon (A) Morocco (A) Syrian Arab Republic (E) Tunisia (A) Yemen, Rep. (A) South Asia Afghanistan (A) Bangladesh (A) Bhutan (A) India (A) Maldives (A) Nepal (A) Pakistan (A) Sri Lanka (A) Sub-Saharan Africa Angola (A) Benin (A) Botswana (A) Burkina Faso (A) Burundi (A) Cabo Verde (A) Cameroon (A) Central African Republic (A) Chad (A) Comoros (A) Congo, Dem. Rep. (P) Congo, Rep. (A) Côte d’Ivoire (A) Eritrea (E) Ethiopia (A)

Gabon (A) Gambia, The (A) Ghana (A) Guinea (A) Guinea-Bissau (A) Kenya (A) Lesotho (A) Liberia (A) Madagascar (A) Malawi (A) Mali (A) Mauritania (A) Mauritius (A) Mozambique (A) Niger (A) Nigeria (E) Rwanda (A) São Tomé and Príncipe (A) Senegal (A) Sierra Leone (A) Somalia (E) South Africa (P) Sudanc (P) Swaziland (A) Tanzania (A) Togo (A) Uganda (A) Zambia (A) Zimbabwe (A)

Note: Letters in parenthesis indicate DRS reporters’ status: (A) as reported, (P) preliminary, and (E) estimated. The status “as reported” indicates that the country was fully current in its reporting under the DRS and that World Bank staff are satisfied that the reported data give an adequate and fair representation of the country’s total public debt. “Preliminary” data are based on reported or collected information, but because of incompleteness or other reasons, an element of staff estimation is included. “Estimated” data indicate that countries are not current in their reporting and that a significant element of staff estimation has been necessary in producing the data tables. a. For Bosnia and Herzegovina, total debt before 1999, excluding IBRD and IMF obligations and short-term debt, is included under Serbia. b. Data prior to 2006 include Montenegro. c. Data include South Sudan.

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Income Groups Low-income countries

Middle-income countries

Ghana

Afghanistan Benin Burkina Faso Burundi Central African Republic Chad Comoros Congo, Dem. Rep. Eritrea Ethiopia Gambia, The Guinea Guinea-Bissau Haiti Liberia Madagascar Malawi Mali Mozambique Nepal Niger Rwanda Sierra Leone Senegal Somalia Tanzania Togo Uganda Zimbabwe

Albania Algeria Angola Argentina Armenia Azerbaijan Bangladesh Belarus Belize Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Bulgaria Cabo Verde Cambodia Cameroon China Colombia Congo, Rep. Costa Rica Côte d’Ivoire Djibouti Dominica Dominican Republic Ecuador Egypt, Arab Rep. El Salvador Fiji

Grenada Guatemala Guyana Honduras India Indonesia Iran, Islamic Rep. Jamaica Jordan Kazakhstan Kenya Kosovo Kyrgyz Republic Lao PDR Lebanon Lesotho Macedonia, FYR Malaysia Maldives Mauritania Mauritius Mexico Moldova Mongolia Montenegro Morocco Myanmar Nicaragua Nigeria Pakistan

Panama Papua New Guinea Paraguay Peru Philippines Romania Russian Federation Samoa São Tomé and Príncipe Serbia Solomon Islands South Africa Sri Lanka St. Lucia St. Vincent and the Grenadines Sudan Swaziland Syrian Arab Republic Tajikistan Thailand Tonga Tunisia Turkey Turkmenistan Ukraine Uzbekistan Vanuatu Venezuela, RB Vietnam Yemen, Rep. Zambia

Gabon Georgia Note: Low-income countries are those with a GNI per capita of $1,025 or less in 2015. Middle-income countries are those with a GNI per capita of more than $1,026 but less than $12,475. Italicized countries are IDA-only countries as of July 1, 2016; IDA-only excludes blend and IBRD countries.

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Glossary

Debt Reporting System (DRS)

Average terms of new commitments provide information on the interest rate, maturity, and grace period of new commitments on public and publicly guaranteed external debt contracted with public and private creditors. Averages are weighted by the amounts of the loans.

the DAC definition, as was the practice in earlier reports. Contractual obligations on outstanding long-term external debt are the anticipated debt service payments on long-term external debt contracted up to December 31 of the reporting year.

Commercial banks are private banks that provide loans and other financial services.

Currency composition of public and publicly guaranteed debt provides information on the share of loans outstanding and disbursed by currency of repayment. For major multilateral creditors, the currency composition of the relevant unit of account is also taken into account. The principal currencies in which the external debt of low- and middle-income countries is contracted (the euro, Japanese yen, U.S. dollar, SDR, and all other currencies) are separately identified. Beginning in 2001, debt denominated in the currencies of the members in the Euro Area is included under the euro rather than the national currencies that previously prevailed.

Commitments of public and publicly guaranteed debt constitute the total amount of new long-term loans to public sector borrowers or borrowers with a public sector guarantee extended by official and private lenders and for which contracts were signed in the year specified.

Current account balance shows the difference between the sum of exports and income receivable and the sum of imports and income payable (exports and imports refer to both goods and services, while income refers to both primary and secondary income).

Concessional debt conveys information about the borrower’s receipt of aid from official lenders at concessional terms as defined by the DAC, that is, loans with an original grant element of 25 percent or more. Loans from major regional development banks—African Development Bank, Asian Development Bank, and the Inter-American Development Bank—and from the World Bank are classified as concessional according to each institution’s classification and not according to

Debt buyback is the repurchase by a debtor of its own debt, either at a discount price or at par value. In the event of a buyback of long-term debt, the face value of the debt bought back will be recorded as a decline in stock outstanding of long-term debt, and the cash amount received by creditors will be recorded as a principal repayment. For example, if a country buys back longterm external debt of face value B at a price P, then long-term external debt will decline by B,

Bilateral official creditors are official agencies that make loans on behalf of one government to another government or to public (and, in some cases, private) borrowers in another country. Bonds are debt instruments issued by public and publicly guaranteed or private debtors with durations of one year or longer. Bonds usually give the holder the unconditional right to fixed money income or contractually determined, variable money income.

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and principal repayment will increase by P. The difference between the price at which the debt was bought back and the face value is recorded as a debt stock write-off (the related transactions are not separately identified in the International Debt Statistics [IDS] publication but are available in the online database). Debt forgiveness grants include both debts canceled by agreement between debtor and creditor and reductions in the net present value of official nonconcessional loans resulting from concessional rescheduling or refinancing. Data are recorded on a disbursement basis and include debt forgiveness from bilateral and multilateral creditors. Debt outstanding and disbursed is the value at year’s end of long-term external debt owed by public and publicly guaranteed debtors and private nonguaranteed debtors. Debt restructurings are revisions to debt service obligations agreed on by creditors and debtors. Such agreements change the amount and timing of future principal and interest payments. Debt service to exports is the ratio of the sum of principal repayments and interest paid on total long-term debt (public and publicly guaranteed debt and private nonguaranteed debt) to the value of exports of goods and services and receipts of primary income from abroad. Debt stock-flow reconciliation shows the indicators that affect the change in debt stocks from one period to the next. Disbursements are drawings during the year specified on loan commitments contracted by the borrower. Exports of goods, services, and primary income constitute the total value of exports of goods and services, receipts of compensation of nonresident workers, and investment income from abroad. External debt flows are debt-related transactions during the year specified. They include disbursements, principal repayments, and interest payments. External debt stocks comprise public and publicly guaranteed long-term external debt, private nonguaranteed long-term external debt, use of IMF credit, and short-term external debt, including

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interest arrears on long-term debt. The relation between external debt stock and its components is illustrated on page 163 (figure A.1). External debt stocks to exports is the ratio of outstanding external debt to the value of exports of goods and services and receipts of primary income from abroad. External debt stocks to GNI is the ratio of outstanding external debt to gross national income. Foreign direct investment refers to direct investment equity flows in the reporting economy. It is the sum of equity capital, reinvestment earnings, and other capital. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Ownership of 10 percent or more of the ordinary shares or voting stock is the criterion for determining the existence of a direct investment relationship. Grace period is the time between the date on which a loan is committed and the date on which the first principal payment is due. The information presented in International Debt Statistics is the average grace period on all public and publicly guaranteed debt committed during the specified period. Grants are legally binding commitments that obligate a specific value of funds available for disbursement for which there is no payment requirement. They include debt forgiveness grants and grants from bilateral and multilateral agencies (such as the International Development Association). Gross national income (GNI) is the sum of value added by all resident producers, plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income compensation of employees and property income from abroad. Yearly average exchange rates are used to convert GNI from local currency to U.S. dollars. Heavily Indebted Poor Country (HIPC) Initiative is a program of the World Bank and the International Monetary Fund (IMF) to provide debt relief to qualifying countries with unsustainable debt burdens.


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Imports of goods, services, and primary income constitute the total value of goods and services imported and income payable to nonresidents. Interest arrears on long-term debt are interest payments due but not paid, shown on a cumulative basis. Interest arrears are due and payable immediately and are therefore regarded as short-term obligations. Thus, an increase in interest arrears on long-term debt will be recorded as an increase in short-term debt. Interest in arrears on the use of IMF credit is also considered to be part of shortterm external debt.

Long-term external debt is debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and is repayable in foreign currency, goods, or services. Long-term private sector debt is long-term debt owed by the private sector, whether publicly guaranteed or not. Long-term public sector debt is long-term external debt owed by the public sector.

Interest payments are the amounts of interest paid in foreign currency, goods, or services in the year specified.

Maturity is the date on which the final principal repayment on a loan is due. It is the sum of the grace and repayment periods. The information presented in International Debt Statistics is the average maturity on all public and publicly guaranteed debt committed during the specified period.

Interest rate is the interest rate applicable to a loan commitment as specified in the loan contract. The information presented in International Debt Statistics is the average interest on all public and publicly guaranteed debt committed during the specified period.

Multilateral Debt Relief Initiative (MDRI) is a program of the World Bank, the IMF, the InterAmerican Development Bank, and the African Development Bank that provides additional debt relief to countries that have completed the HIPC process.

International Bank for Reconstruction and Development (IBRD) is a multilateral official creditor. IBRD is the nonconcessional lending arm of the World Bank Group.

Multilateral official creditors are official agencies owned or governed by more than one country that provide loan financing. They include international financial institutions such as the World Bank, regional development banks, and other intergovernmental agencies.

International Development Association (IDA) is a multilateral official creditor. It is the concessional financing arm of the World Bank Group. IDA also provides grant financing to qualified borrowers. IMF charges are the amounts of interest paid in foreign currency in the year specified for transactions with the IMF. IMF purchases are the total drawings on the general resources account of the IMF during the year specified, excluding drawings in the reserve tranche. IMF repurchases are the amounts of principal (amortization) paid in foreign currency in the year specified for transactions with the IMF. International reserves constitute the sum of a country’s monetary authority’s holdings of special drawing rights, its reserve position in the IMF, its holdings of foreign exchange, and its holdings of gold (valued at year-end London prices).

Multilateral to external debt stocks is the ratio of the stock of debt owed to multilateral creditors to total external debt. Net flows on external debt are disbursements on long-term external debt and IMF purchases minus principal repayments on long-term external debt and IMF repurchases. Up to 1984, this calculation included only long-term external debt and IMF flows. Since 1985, the calculation includes the change in stock of short-term debt (excluding interest arrears on long-term external debt). Official creditors are governments or other bilateral public entities, such as export-import agencies, development agencies, and multilateral financial institutions, such as the World Bank and regional development banks. Personal transfers and compensation of employees is the sum of personal transfers and compensation of employees. Personal transfers

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consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Portfolio equity is the category of international investment that covers investment in equity securities. Equity securities include shares, stocks, participation, or similar documents (such as American Depositary Receipts) that usually denote ownership of equity. Present value of debt outstanding is the nominal value of all future debt service obligations on existing debt discounted at prevailing market rates of interest. The interest rates used in this calculation are the Commercial Interest Reference Rates (CIRR) for each relevant currency compiled and published by the Organisation for Economic Co-operation and Development. Primary income on FDI are payments of direct investment income (debit side), which consist of income on equity (dividends, branch profits, and reinvested earnings) and income on the intercompany debt (interest). Principal arrears on long-term debt are principal repayments due but not paid on long-term external debt, shown on a cumulative basis. Principal repayments are the amounts of principal (amortization) paid in foreign currency, goods, or services in the year specified with respect to longterm external debt. Private creditors are bondholders, commercial banks, and other trade-related lenders. Private nonguaranteed debt is debt owed by private sector borrowers to external creditors on loans that do not benefit from a public sector guarantee by the debtor country. Public and publicly guaranteed debt outstanding and disbursed is the value of debt at year’s end of public sector borrowers, or borrowers with a public sector guarantee, owed to official and private lenders.

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Public and publicly guaranteed external debt comprises public debt (an external obligation of a public debtor, such as the national government or agency, a political subdivision or agency, or an autonomous public body) and publicly guaranteed external debt (an external obligation of a private debtor that is guaranteed for repayment by a public entity). Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity. Reserves to external debt stocks is the ratio of international reserves to outstanding external debt. Reserves to imports (months) is the ratio of international reserves to the value of imports of goods, services, and primary income in the year shown and is expressed in months: Reserves Imports/12 Short-term external debt has an original maturity of one year or less. Available data permit no distinction among public, publicly guaranteed, and private nonguaranteed short-term external debt. Short-term to external debt stock ratio is the ratio of short-term external debt to total outstanding external debt. Special Drawing Rights (SDRs) refer to an international reserve asset that was created by the IMF in 1969 to supplement its member countries’ official reserves. The value of SDRs is based on a basket of four key international currencies: the U.S. dollar, the pound sterling, the Japanese yen, and the euro. In addition to playing a role as a supplementary reserve asset, SDRs serve as the unit of account for the IMF and some other international organizations. Technical cooperation grants include (a) freestanding technical cooperation grants, which are intended to finance the transfer of technical and


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managerial skills or of technology for the purpose of building up general national capacity without reference to any specific investment projects, and (b) investment-related technical cooperation grants, which are aimed at strengthening the capacity to execute specific investment projects. Total amount forgiven is the total amount of principal and interest due, principal and interest in arrears, and debt stock forgiven in the year specified. Total amount rescheduled is the total amount of external debt rescheduled, including principal and interest due, principal and interest in arrears, charges, penalties, and debt stock in the year specified. Total change in external debt stocks is the difference in the external debt stock between two consecutive years. Use of IMF credit denotes members’ drawings on the IMF other than amounts drawn against the country’s reserve tranche position. Use of IMF credit includes purchases and drawings under Stand-By, Extended, Structural Adjustment, Enhanced Structural Adjustment, and Systemic Transformation Facility Arrangements as well as trust fund loans. SDR allocations are also included in this category.

Quarterly Debt Statistics Central bank sector is identical to the definition of that subsector in the 2008 System of National Accounts (SNA). The central bank is the financial institution (or institutions) that exercises control over key aspects of the financial system. It carries out such activities as issuing currency, managing international reserves, transacting with the IMF, and providing credit to deposit-taking corporations. Central government subsector consists of the institutional unit(s) of the central government plus those nonmarket Nonprofit institutions that are controlled by the central government. The political authority of the central government extends over the entire territory of the country. Currency and deposits consist of notes and coins and deposits (both transferable and other).

Notes and coins represent claims of a fixed nominal value usually on a central bank or government; commemorative coins are excluded. Deposits include all claims that are (a) on the central bank, deposit-taking corporations other than the central bank, and, in some cases, other institutional units; and (b) represented by evidence of deposit. Debt liabilities owed by residents to residents of the same economy are classified as domestic debt, and debt liabilities owed by residents to nonresidents are classified as external debt. The definition of residence follows the current international standards (the System of National Accounts 2008 [2008 SNA] and the Balance of Payments and International Investment Position Manual, Sixth Edition [BPM6]). Debt securities are negotiable financial instruments serving as evidence of a debt. The security normally specifies a schedule for interest payments and principal repayments. Examples of debt securities are bills, bonds, and debentures, including bonds that are convertible into shares, commercial paper, negotiable certificates of deposit, loans that have become negotiable from one holder to another, nonparticipating preferred stocks or shares, asset-backed securities and collateralized debt obligations, banker’s acceptances, and similar instruments normally traded in the financial markets. Deposit-taking corporations, except the central bank sector is identical with the corresponding subsector in the 2008 SNA. It includes commercial banks, institutions such as savings banks, savings and loan associations, credit unions or cooperatives, traveler’s check companies, and specialized banks or other financial institutions if they take deposits or issue close substitutes for deposits Post office savings banks or other government-controlled savings banks are also included if they are institutional units separate from the government. Deposit-taking corporations that engage exclusively (or almost exclusively) with nonresidents, often called offshore banks or offshore banking units, are included in the deposit-taking corporations sector, but they may be excluded from the money-issuing sector because their liabilities are not included in broad money. General government sector is identical with the definition of that sector in the 2008 SNA. The government units of a country consist of those

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authorities and their agencies that are units established by political processes and exercise legislative, judicial, and executive authority over other institutional units within a given territorial area. General government agencies that are residents of an economy include all departments, establishments, and bodies located in the economic territory of an economy’s central, state, and local governments and all embassies, consulates, military establishments, and other entities, which are located elsewhere, of an economy’s general government. Insurance, pension, and standardized guarantee schemes comprise (a) nonlife insurance technical reserves, (b) life insurance and annuity entitlements, (c) pension entitlements, claims of pension funds on pension managers, and entitlements to nonpension funds, and (d) provisions for calls under standardized guarantees. Loans include those financial assets created through the direct lending of funds by a creditor (lender) to a debtor (borrower) through an arrangement in which the lender either receives no

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security evidencing the transactions or receives a nonnegotiable document or instrument. Other accounts receivable/payable covers items other than equity; currency and deposits; loans; insurance, pension, and standardized guarantee schemes; trade credit and advances; and SDRs. Other sectors comprises other financial corporations (i.e., other than deposit-taking corporations), nonfinancial corporations, and households and nonprofit institutions serving households (NPISHs) subsectors. SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because of interest accrues). Trade credit and advances consist of liabilities arising from the direct extension of credit by suppliers for transactions in goods and services, and advance payments by buyers for goods and services and for work in progress (or to be undertaken).



ECO-AUDIT

Environmental Benefits Statement The World Bank Group is committed to reducing its environmental footprint. In support of this commitment, we leverage electronic publishing options and print-on-demand technology, which is located in regional hubs worldwide. Together, these initiatives enable print runs to be lowered and shipping distances decreased, resulting in reduced paper consumption, chemical use, greenhouse gas emissions, and waste. We follow the recommended standards for paper use set by the Green Press Initiative. The majority of our books are printed on Forest Stewardship Council (FSC)–certified paper, with nearly all containing 50–100 percent recycled content. The recycled fiber in our book paper is either unbleached or bleached using totally chlorine-free (TCF), processed chlorine–free (PCF), or enhanced elemental chlorine– free (EECF) processes. More information about the Bank’s environmental philosophy can be found at http://www.worldbank.org/corporateresponsibility.



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