Global Development Finance 2005 (v. 1)

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Global Development Finance

Mobilizing Finance and Managing Vulnerability I I :

S U M M A R Y

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2005

Global Development Finance Mobilizing Finance and Managing Vulnerability II: Summary and Country Tables

Global Development Finance Mobilizing Finance and Managing Vulnerability I I :

S U M M A R Y

A N D

T H E

C O U N T R Y

W O R L D

T A B L E S

B A N K

2005

© 2005 The International Bank for Reconstruction and Development/The World Bank 1818 H Street NW Washington, DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected]

All rights reserved 1 2 3 4 08 07 06 05

This volume is a product of the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank 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 judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.

Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone: 978-750-8400; fax: 978-750-4470; Internet: www.copyright.com. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2422; e-mail: [email protected].

ISBN-13: 978-0-8213-5985-3 ISBN-10: 0-8213-5985-1 eISBN-13: 978-0-8213-6214-3 eISBN-10: 0-8213-6214-3 ISSN: 1020-5454

Table of Contents

Preface

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Methodology

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Sources and definitions Country groups Regional groups Income groups

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Summary tables

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Regional and income group aggregate tables 1 Country tables 39 Albania 40 Algeria 44 Angola 48 Argentina 52 Armenia 56 Azerbaijan 60 Bangladesh 64 Barbados 68 Belarus 72 Belize 76 Benin 80 Bhutan 84 Bolivia 88 Bosnia and Herzegovina Botswana 96 Brazil 100 Bulgaria 104 Burkina Faso 108 Burundi 112 Cambodia 116 Cameroon 120 Cape Verde 124

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Central African Republic 128 Chad 132 Chile 136 China 140 Colombia 144 Comoros 148 Congo, Democratic Republic of Congo, Republic of 156 Costa Rica 160 Côte d’Ivoire 164 Croatia 168 Czech Republic 172 Djibouti 176 Dominica 180 Dominican Republic 184 Ecuador 188 Egypt, Arab Republic of 192 El Salvador 196 Equatorial Guinea 200 Eritrea 204 Estonia 208 Ethiopia 212 Fiji 216 Gabon 220 Gambia, The 224 Georgia 228 Ghana 232 Grenada 236 Guatemala 240 Guinea 244 Guinea-Bissau 248 Guyana 252 Haiti 256 Honduras 260 Hungary 264 India 268 Indonesia 272 Iran, Islamic Republic of 276

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Jamaica 280 Jordan 284 Kazakhstan 288 Kenya 292 Kyrgyz Republic 296 Lao People’s Democratic Republic 300 Latvia 304 Lebanon 308 Lesotho 312 Liberia 316 Lithuania 320 Macedonia, former Yugoslav Republic of Madagascar 328 Malawi 332 Malaysia 336 Maldives 340 Mali 344 Mauritania 348 Mauritius 352 Mexico 356 Moldova 360 Mongolia 364 Morocco 368 Mozambique 372 Myanmar 376 Nepal 380 Nicaragua 384 Niger 388 Nigeria 392 Oman 396 Pakistan 400 Panama 404 Papua New Guinea 408 Paraguay 412 Peru 416 Philippines 420 Poland 424 Romania 428 Russian Federation 432

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Rwanda 436 Samoa 440 São Tomé and Principe 444 Senegal 448 Serbia and Montenegro 452 Seychelles 456 Sierra Leone 460 Slovak Republic 464 Solomon Islands 468 Somalia 472 South Africa 476 Sri Lanka 480 St. Kitts and Nevis 484 St. Lucia 488 St. Vincent and the Grenadines 492 Sudan 496 Swaziland 500 Syrian Arab Republic 504 Tajikistan 508 Tanzania 512 Thailand 516 Togo 520 Tonga 524 Trinidad and Tobago 528 Tunisia 532 Turkey 536 Turkmenistan 540 Uganda 544 Ukraine 548 Uruguay 552 Uzbekistan 556 Vanuatu 560 Venezuela, República Bolivariana de 564 Vietnam 568 Yemen, Republic of 572 Zambia 576 Zimbabwe 580 Country notes

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Preface

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he print edition of Global Development Finance (GDF) consists of two volumes: Analysis and Statistical Appendix and Summary and Country Tables. Analysis and Statistical Appendix contains analysis and commentary on recent developments in international finance for developing countries, together with summary statistical tables for selected regional and analytical groups comprising 136 debt-reporting developing countries. Summary and Country Tables contains statistical tables on the external debt of the 136 countries that report public and publicly guaranteed debt under the Debtor Reporting System. Also included are tables of selected debt and resource flow statistics for individual reporting countries as well as summary tables for regional and income groups. Earlier this year, country tables and summary tables were also made available online (GDF Online). For the convenience of readers, charts on pages xxi to xxiii summarize graphically the

relation between debt stock and its components, the computation of net flows, aggregate net resource flows, and aggregate net transfers; and the relation between net resource flows and the balance of payments. Exact definitions of the terms used in the Summary and Country Tables volume of GDF are found in the Sources and Definitions section. The economic aggregates presented in the tables are prepared for the convenience of users. Although debt indicators can give useful information about developments in debt-servicing capacity, conclusions drawn from them will not be valid unless accompanied by careful economic evaluation. The macroeconomic information provided is from standard sources, but many of them are subject to considerable margins of error, and the usual care must be taken in interpreting the indicators. This is particularly the case for the most recent year or two, when figures are preliminary and subject to revision.

This volume was prepared by the Financial Data Team of the Development Data Group, led by Ibrahim Levent. The team consisted of Vinoda Basnayake, Nanasamudd Chhim, Nevin Fahmy, Kabinah Fofanah, Shelley Fu, Yulia Makarova, Gloria Moreno, Olha Pryymak, and Alagiri Venkatesan. The team was assisted by Rosario Alipio. Abdolreza Farivari led systems support, Soong Sup Lee provided the macroeconomic data, and K. M. Vijayalakshmi provided worker remittances and compensation of employees data. Many others inside the World Bank provided helpful input, especially the staff of the Development Prospects Group, Dilek Aykut, Milko N. Iantchev, Jeffrey D. Lewis, Himmat S. Kalsi, Eung Ju Kim; the staff of the Debt Department—led by Vikram Nehru; and the country economists who reviewed the data. The work was carried out under the management of Shaida Badiee. The production of this volume was managed by Richard Fix. The CD-ROM and database were prepared by William Prince.

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Global Development Finance 2005 on CDROM contains a database of 217 time series indicators, covering the years 1970 to 2003 in most cases, and to 2013 for “pipeline” data. It also contains the full contents of the print version

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of the Summary and Country Tables volume. Text providing country notes, definitions, and source notes is linked to each table. The general cutoff date for data is December 2003.

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Methodology

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he World Bank is the sole repository for statistics on the external debt of developing countries on a loan-by-loan basis. The Debtor Reporting System (DRS), set up in 1951 to monitor these statistics, is maintained by the staff of the Financial Data Team (FIN), part of the Development Data Group of Development Economics.

Methodology for aggregating data

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sing the DRS data, in combination with information obtained from creditors through the debt data collection systems of other agencies such as the Bank for International Settlements (BIS) and the Organisation for Economic Co-operation and Development (OECD), the staff of the Financial Data Team estimate the total external indebtedness of developing countries. The data are also supplemented by market sources and estimates made by country economists of the World Bank and desk officers of the International Monetary Fund (IMF).

Converting to a common currency Since debt data are normally reported to the World Bank in the currency of repayment, they have to be converted into a common currency (usually U.S. dollars) to produce summary tables. Because flow data are converted at annual average exchange rates and stock data at year-end exchange rates, year-to-year changes in debt outstanding and disbursed are sometimes not equal to net flows (disbursements less principal repayments); similarly, changes in debt outstanding, including undisbursed debt, differ from commitments less repayments. Discrepancies are particularly significant when exchange rates have moved

sharply during the year; cancellations and reschedulings of other liabilities into long-term public debt also contribute to the differences.

Public and publicly guaranteed debt All data related to public and publicly guaranteed debt are from debtors except for lending by some multilateral agencies, in which case data are taken from the creditors’ records. These creditors include the African Development Bank, the Asian Development Bank, the Central Bank for Economic Integration, the Inter-American Development Bank, and the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). (The IBRD and IDA are components of the World Bank.) Starting with the 1988–89 edition of World Debt Tables (as this book was previously titled), all data pertaining to World Bank loans from 1985 onward are recorded at their current market value. Starting with the 1991–92 edition, all data pertaining to Asian Development Bank loans from 1989 onward are recorded at their current market value. Starting with the 1998 edition, all data pertaining to African Development Bank and African Development Fund loans from 1997 onward are recorded at their current market value as well.

Private nonguaranteed debt The DRS was expanded in 1970 to incorporate private nonguaranteed long-term debt. Reports, submitted annually, contain aggregate data for disbursed and outstanding debt, disbursements, principal repayments, interest payments, principal and interest rescheduled for the reporting year, and projected payments of principal and interest. Data are usually presented in dollars, and currency conversion is not necessary. A few reporting countries

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choose to provide data on their private nonguaranteed debt in the loan-by-loan format used for reporting public and publicly-guaranteed debt. In those cases the currency conversion and projection methodology just described is used. Although the reporting countries fully recognize the importance of collecting data on private nonguaranteed debt when it constitutes a significant portion of total external debt, detailed data are available only in countries that have registration requirements covering private debt, most commonly in connection with exchange controls. Where formal registration of foreign borrowing is not mandatory, compilers must rely on balance of payments data and financial surveys. This edition includes data on private nonguaranteed debt, either as reported or as estimated, for 80 countries for which this type of debt is known to be significant. For private nonguaranteed debt that is not reported, the standard estimation approach starts from a calculation of the stock of debt outstanding, using data available from creditors. Figures on guaranteed export credits, obtained from the OECD’s Creditor Reporting System (CRS), are supplemented by loan-by-loan information on official lending to private borrowers and by information on noninsured commercial bank lending to the private sector. Disbursements and debt service payments for private nonguaranteed debt are more difficult to estimate. Amortization is estimated by making an assumption regarding the proportion of debt repaid each year and then applying these ratios to generate a first approximation of annual principal repayments. Disbursements are then estimated as a residual between net flows (equal to the change in the stock of debt) and estimated amortization. Interest payments are estimated by applying an assumed average interest rate to the stock of debt outstanding. Data on the balance of payments flows provide useful guidelines in the process of building a time series because private nonguaranteed debt can be treated as a residual between total net long-term borrowing and net long-term borrowing recorded in the DRS for public and publicly guaranteed debt.

Short-term debt The World Bank regards the individual reporting country as the authoritative source of information

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on its own external liabilities. But for short-term debt, defined as debt with an original maturity of one year or less, accurate information is not widely available from debtors. By its nature, shortterm debt is difficult to monitor; loan-by-loan registration is normally impractical, and most reporting arrangements involve periodic returns to a country’s central bank from its banking sector. Since 1982 the quality of such reporting has improved, but only a few developing countries have figures available for short-term debt. Where information from debtors is not available, data from creditors can indicate the magnitude of a country’s short-term debt. The most important source is the BIS’s semiannual series showing the maturity distribution of commercial banks’ claims on developing countries. Those data are reported residually. However, an estimate of short-term liabilities by original maturity can be calculated by deducting from claims due in one year those that had a maturity of between one and two years 12 months earlier. There are several problems with this method. Valuation adjustments caused by exchange rate movements will affect the calculations, as will prepayment and refinancing of long-term maturities falling due. Moreover, not all countries’ commercial banks report in a way that allows the full maturity distribution to be determined, and the BIS data include liabilities only to banks within the reporting area. Nevertheless, combining these estimates with data on officially guaranteed shortterm suppliers’ credits compiled by the OECD gives what may be thought of as a lower-bound estimate of a country’s short-term debt. Even on this basis, however, the results need to be interpreted with caution. Where short-term debt has been rescheduled, the effect of lags in reporting and differences in the treatment of the rescheduled debt by debtors and creditors may result in double counting if short-term debt derived from creditor sources is added to long-term debt reported by the country to obtain total external liabilities. Some of the short-term debt estimates published are drawn from debtor and creditor sources, but most are from creditor sources. Only for a few countries can the data be regarded as authoritative, but they offer a guide to the size of a country’s short-term (and, hence, its total) external debt. The quality of these data is likely to improve.

M E T H O D O L O G Y

Use of IMF credit Data related to the operations of the IMF come from the IMF Treasurer’s Department and are converted from special drawing rights (SDRs) into dollars using end-of-period exchange rates for stocks and average over the period exchange rates for converting flows, as described earlier. IMF trust fund loans and operations under the structural adjustment and enhanced structural adjustment facilities are presented together with all of the Fund’s special facilities (the buffer stock, compensatory financing, extended fund, and oil facilities).

Treatment of arrears The DRS collects information on arrears in both principal and interest. Principal in arrears is included and identified in the amount of long-term debt outstanding. Interest in arrears of long-term debt and the use of IMF credit is included and identified in the amount of short-term debt outstanding. If and when interest in arrears is capitalized under a debt reorganization agreement, the amount of interest capitalized will be added to the amount of long-term debt outstanding and the corresponding deduction made from the amount of short-term debt outstanding.

Treatment of debt restructurings The DRS attempts to capture accurately the effects of the different kinds of restructurings on both debt stocks and debt flows, consistent with the circumstances under which the restructuring takes place. Whether a flow has taken place is sometimes difficult to determine. In compiling and presenting the debt data, a distinction is made between cash flows and imputed flows. Based on this criterion, rescheduled service payments and the shift in liabilities from one financial instrument to another as a result of rescheduling are considered to be imputed flows. The imputed flows are recorded separately in the World Bank External Debt (WBXD) system, but these debt restructuring transactions are not evident in the main body of the debt data—only the resulting effect of these transactions is reflected. Changes in creditor and debtor status that can result from debt restructuring are also reflected. For example, when insured commercial credits are rescheduled, the creditor classification shifts from private sources to official sources (bilateral). This

reflects the assumption of the assets by the official credit insurance agencies of the creditor countries. The debts to the original creditors are reduced by the amounts rescheduled, and a new obligation to the official creditor agencies is created. This shift also applies to private nonguaranteed debt that is reduced by the amounts rescheduled, which in turn are included in the public and publicly guaranteed debt owed to official creditors. On the debtor side, when a government accepts responsibility for the payment of rescheduled debt previously owed by private enterprises, the DRS registers a change in debtor categories in the DRS. Similarly, when short-term debt is included in a restructuring agreement, the rescheduled amount is shifted from short-term to long-term debt.

Methodology for projecting data

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n important feature of the WBXD system of the DRS is its ability to project future disbursements of unutilized commitments and future debt service payments.

Undisbursed debt Projections of disbursements help underpin future capital requirements in the implementation of externally financed projects. In addition, they help determine the interest portion of projected debt service. Future interest payments are based on projected debt outstanding that is itself determined by projected disbursements and repayments. The underlying assumptions of these projections are that loan commitments will be fully utilized and that the debtor country will repay all sums due. Future disbursements and debt service refer only to existing debt and do not reflect any assumptions on future borrowing. Disbursement projections use two methods: • Specific schedules. Debtor countries are requested to submit a calendar of future disbursements, if available, at the time individual loans are first reported. Country authorities are in a better position to provide estimated disbursement schedules when there is a solid public sector investment program in place. • Standard schedules. In the absence of specific schedules, the WBXD system projects disbursements by applying a set of profiles to the last actual undisbursed balance of individual loans.

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The profiles are derived under the assumption that specific sources of funds have some common characteristics that cause them to disburse, in the aggregate, in some observable pattern. Accordingly, some thirty profiles have been derived that roughly correspond to creditor type. Profiles exist for concessional and nonconcessional loans from official creditors. For bilateral lending, profiles have been developed for the Development Assistance Committee, the Organization of Petroleum Exporting Countries (OPEC), and other creditor groupings. For multilateral lending, specific profiles are available for major international organizations. An estimating equation for each profile is derived by applying regression analysis techniques to a body of data that contains actual disbursement information for more than 100,000 loans. Although these standard profiles are reestimated from time to time, under the best scenario they can only approximate the disbursement pattern of any single loan.

Future debt service payments Most projections of future debt service payments generated by the WBXD system are based on the

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repayment terms of the loans. Principal repayments (amortization) are based on the amount of loan commitments, and the amortization profile of most loans follows a set pattern. Using the first and final payment dates and the frequency of the payments, the system calculates the stream of principal payments due. If future payments are irregular, the WBXD system requires a schedule. Projected future interest payments are calculated similarly. Interest is based on the amount of debt disbursed and outstanding at the beginning of the period. Again, using the first and final interest payment dates and the frequency of payments, the system calculates the stream of interest payments due. If interest payments are irregular, the WBXD system requires a schedule. The published figures for projected debt service obligations are converted into U.S. dollars using the end-December 2003 exchange rates. Likewise the projection routine for variable interest rate debt, such as commercial bank debt based on the London interbank offered rate (LIBOR), assumes that the rate prevailing at the end of December 2003 will be effective throughout.

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Sources and definitions

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his edition of GDF presents reported or estimated data on the total external debt of all low- and middle-income countries.

Format

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he country and summary data has been expanded to include summary tables along with the standard country tables for the 136 individual countries that report to the World Bank’s Debtor Reporting System (DRS). Summary tables present selected debt and resource flow statistics for the individual reporting countries and external debt data for regional and income groups. The format of the regional and income group tables draws on the individual country table format and includes graphic presentations. For the 136 individual countries that report to the World Bank’s DRS, tables are presented in a four-page layout containing 10 sections. SECTION 1 summarizes the external debt of the country. Total external debt stocks (EDT) consist of public and publicly guaranteed long-term debt, private nonguaranteed long-term debt (whether reported or estimated by the staff of the World Bank), the use of IMF credit, and estimated shortterm debt. Interest in arrears on long-term debt and the use of IMF credit are added to the shortterm debt estimates and are shown as separate lines. Arrears of principal and of interest have been disaggregated to show the arrears owed to official creditors and the arrears owed to private creditors. Export credits and principal in arrears on long-term debt are shown as memorandum items.

Total debt flows are consolidated data on disbursements, principal repayments, and interest payments for total long-term debt and transactions with the IMF. Net flows on debt are disbursements on longterm debt and IMF purchases minus principal repayments on long-term debt and IMF repurchases up to 1984. Beginning in 1985 this line includes the change in stock of short-term debt (including interest arrears for long-term debt). Thus if the change in stock is positive, a disbursement is assumed to have taken place; if negative, a repayment is assumed to have taken place. Total debt service (TDS) shows the debt service payments on total long-term debt (public and publicly guaranteed and private nonguaranteed), use of IMF credit, and interest on short-term debt. SECTION 2 provides data series for aggregate net resource flows and net transfers (long-term). Net resource flows (long-term) are the sum of net resource flows on long-term debt (excluding IMF credit) plus net foreign direct investment, portfolio equity flows, and official grants (excluding technical cooperation). Grants for technical cooperation are shown as a memorandum item. Also shown as memorandum items are official net resource flows and private net resource flows. Official net resource flows are the sum of net flows on long-term debt to official creditors (excluding the IMF) plus official grants (excluding technical cooperation). Private net resource flows are the sum of net flows on debt to private creditors plus net foreign direct investment and portfolio equity flows. Official net transfers and private net transfers are shown as memorandum items as well. Net transfers (long-term) are equal to net long-term resource flows minus interest payments

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on long-term loans and foreign direct investment profits. SECTION 3 provides data series for major economic aggregates. The gross national income (GNI) series uses yearly average exchange rates in converting GNI from local currency into U.S. dollars. The economic aggregates are prepared for the convenience of users; the usual caution should be exercised in using them for economic analysis. SECTION 4 provides debt indicators: ratios of debt and debt service to some of the economic aggregates. SECTION 5 provides detailed information on stocks and flows of long-term debt and its various components. Data on bonds issued by private entities without public guarantee, compiled for major borrowers, are included in private nonguaranteed debt. IBRD loans and IDA credits are shown as memorandum items. SECTION 6 provides information on the currency composition of long-term debt. The major currencies in which the external debt of low- and middle-income countries is contracted are separately identified, as is debt denominated in special drawing rights and debt repayable in multiple currencies. SECTION 7 provides information on restructurings of long-term debt starting in 1985. It shows both the stock and flows rescheduled each year. In addition, the amount of debt forgiven (interest forgiven is shown as a memorandum item) and the amount of debt stock reduction (including debt buyback) are also shown separately. (See the Methodology section for a detailed explanation of restructuring data.) SECTION 8 reconciles the stock and flow data on total external debt for each year, beginning with 1989. This section is designed to illustrate the changes in stock that have taken place due to five factors: the net flow on debt, the net change in interest arrears, the capitalization of interest, the reduction in debt resulting from debt forgiveness or other debt reduction mechanisms, and the crosscurrency valuation effects. The residual difference—the change in stock not explained by any of the factors identified above—is also presented. The residual is calculated as the sum of identified accounts minus the change in stock. Where the residual is large it can, in some cases, serve as an illustration of the inconsistencies in the reported data.

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More often, however, it can be explained by specific borrowing phenomena in individual countries. These are explained in the Country Notes section. S ECTION 9 provides information on the average-terms of new commitments on public and publicly guaranteed debt and information on the level of commitments from official and private sources. SECTION 10 provides anticipated disbursements and contractual obligations on long-term debt contracted up to December 2003.

Sources

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he principal sources of information for the tables in these two volumes are reports to the World Bank through the DRS from member countries that have received either IBRD loans or IDA credits. Additional information has been drawn from the files of the World Bank and the IMF. Reporting countries submit detailed (loan-byloan) reports through the DRS 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. This information forms the basis for the tables in these volumes. Aggregate data on private debt without public guarantee are compiled and published as reliable reported and estimated information becomes available. This edition includes data on private nonguaranteed debt, either as reported or as estimated, for 80 countries. The short-term debt data are as reported by the debtor countries or are estimates derived from creditor sources. The principal creditor sources are the semiannual series of commercial banks’ claims on developing countries, published by the Bank for International Settlements (BIS), and data on officially guaranteed suppliers’ credits compiled by the Organisation for Economic Co-operation and Development (OECD). For some countries, estimates were prepared by pooling creditor and debtor information. Interest in arrears on long-term debt and the use of IMF credit are added to the short-term debt estimates and shown as separate lines in section 1. Arrears of interest and of principal owed to official and to private creditors are identified separately.

S O U R C E S

Export credits are shown as a memorandum item in section 1. Data prior to 1998 include official export credits, and suppliers’ credits and bank credits officially guaranteed or insured by an export credit agency. Both long-term and short-term exports credits are included. For 1998 to 2003 export credits include all export credits extended, guaranteed, insured, or rescheduled by the official sector of OECD countries. The source for this information is the Creditor Reporting System (CRS) of the OECD. Data on long-term debt reported by member countries are checked against, and supplemented by, data from several other sources. Among these are the statements and reports of several regional development banks and government lending agencies, as well as the reports received by the World Bank under the CRS from the members of the Development Assistance Committee (DAC) of the OECD. Every effort has been made to ensure the accuracy and completeness of the debt statistics. Nevertheless, quality and coverage vary among debtors and may also vary for the same debtor from year to year. Coverage has been improved through the efforts of the reporting agencies and the work of World Bank missions, which visit member countries to gather data and to provide technical assistance on debt issues.

Definitions

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or all regional, income, and individual country tables, data definitions are presented below or footnoted where appropriate. Data definitions for other summary tables are, likewise, consistent with those below.

Summary debt data TOTAL DEBT STOCKS are defined as the sum of public and publicly guaranteed long-term debt, private nonguaranteed long-term debt, the use of IMF credit, and short-term debt. The relation between total debt stock and its components is illustrated on page xxi. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in foreign currency, goods, or services.

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Long-term debt has three components: • Public debt, which 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, which is an external obligation of a private debtor that is guaranteed for repayment by a public entity. • Private nonguaranteed external debt, which is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. In the tables, public and publicly guaranteed long-term debt are aggregated. Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Interest in arrears on long-term debt is defined as interest payment due but not paid, on a cumulative basis. Principal in arrears on long-term debt is defined as principal repayment due but not paid, on a cumulative basis. The memorandum item export credits includes official export credits, suppliers’ credits, the official non-ODA lending, and bank credits officially guaranteed or insured by an export credit agency. Both long-term and short-term credits are included here. Use of IMF credit denotes repurchase obligations to the IMF with respect to all uses of IMF resources (excluding those resulting from drawings in the reserve tranche) shown for the end of the year specified. Use of IMF credit comprises purchases outstanding under the credit tranches, including enlarged access resources and all special facilities (the buffer stock, compensatory financing, extended fund, and oil facilities), trust fund loans, and operations under the structural adjustment and enhanced structural adjustment facilities. Data are from the Treasurer’s Department of the IMF. • IMF purchases are total drawings on the general resources account of the IMF during the year specified, excluding drawings in the reserve tranche. • IMF repurchases are total repayments of outstanding drawings from the general resources account during the year specified, excluding repayments due in the reserve tranche. To maintain comparability between data on transactions with the IMF and data on long-term

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debt, use of IMF credit outstanding at year end (stock) is converted to dollars at the SDR exchange rate in effect at the end of the year. Purchases and repurchases (flows) are converted at the average SDR exchange rate for the year in which transactions take place. Net purchases will usually not reconcile changes in the use of IMF credit from year to year. Valuation effects from the use of different exchange rates frequently explain much of the difference, but not all. Other factors are increases in quotas (which expand a country’s reserve tranche and can thereby lower the use of IMF credit as defined here), approved purchases of a country’s currency by another member country drawing on the general resources account, and various administrative uses of a country’s currency by the IMF. TOTAL DEBT FLOWS include disbursements, principal repayments, net flows and transfers on debt, and interest payments. Disbursements are drawings on loan commitments during the year specified. Principal repayments are the amounts of principal (amortization) paid in foreign currency, goods, or services in the year specified. Net flows on debts (or net lending or net disbursements) are disbursements minus principal repayments. Interest payments are the amounts of interest paid in foreign currency, goods, or services in the year specified. Net transfers on debt are net flows minus interest payments (or disbursements minus total debt service payments). The concepts of net flows on debt, net transfers on debt, and aggregate net flows and net transfers are illustrated on pages xxii and xxiii. Total debt service paid (TDS) is debt service payments on total long-term debt (public and publicly guaranteed and private nonguaranteed), use of IMF credit, and interest on short-term debt.

Aggregate net resource flows and transfers NET RESOURCE FLOWS (LONG-TERM) are the sum of net resource flows on long-term debt (excluding IMF) plus non–debt-creating flows. NON–DEBT-CREATING FLOWS are net foreign direct-investment, portfolio equity flows, and official grants (excluding technical cooperation). Net foreign direct investment and portfolio equity

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flows are treated as private source flows. Grants for technical cooperation are shown as a memorandum item. Foreign direct investment (FDI) is defined as investment that is made to acquire a lasting management interest (usually 10 percent of voting stock) in an enterprise operating in a country other than that of the investor (defined according to residency), the investor’s purpose being an effective voice in the management of the enterprise. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. Portfolio equity flows are the sum of country funds, depository receipts (American or global), and direct purchases of shares by foreign investors. Grants are defined as legally binding commitments that obligate a specific value of funds available for disbursement for which there is no repayment requirement. The memorandum item technical cooperation grants includes free-standing technical cooperation grants, which are intended to finance the transfer of technical and managerial skills or of technology for the purpose of building up general national capacity without reference to any specific investment projects; and investment-related technical cooperation grants, which are provided to strengthen the capacity to execute specific investment projects. Profit remittances on foreign direct investment covers payments of direct investment income (debit side), which consist of income on equity (dividends, branch profits, and reinvested earnings) and income on debt (interest).

Major economic aggregates Five economic aggregates are provided for the reporting economies. Gross national income, or GNI (gross national product, or GNP, in previous editions) 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. The national accounts data for most developing countries are collected from national statistical organizations and central banks by visiting and resident World Bank missions. Data on GNI are from the Macroeconomic Data Team of the Development Economics Development Data Group of the World Bank.

S O U R C E S

Exports of goods, services and income (XGS) comprise the total value of goods and services exported, and receipts of compensation of employees, and investment income. Workers’ remittances, a transfer and not an income entry is the balance of payments, are treated as compensation of employees in Global Development Finance because they are often difficult to distinguish from compensation of nonresident workers and migrants. Workers’ remittances and compensation of employees comprise current transfers by migrant workers, wages and salaries earned by nonresident workers. In addition, migrants’ transfers, a part of capital transfers, are treated as workers’ remittances in Global Development Finance. See GDF volume 1 for more details. Imports of goods and services (MGS) are the total value of goods and services imported and income paid. International reserves (RES) are the sum of a country’s monetary authority’s holdings of special drawing rights (SDRs), its reserve position in the IMF, its holdings of foreign exchange, and its holdings of gold (valued at year-end London prices). Current account balance is the sum of the credits less the debits arising from international transactions in goods, services, income, and current transfers. It represents the transactions that add to or subtract from an economy’s stock of foreign financial items. Data on exports and imports (on a balance of payments basis), international reserves, and current account balances are drawn mainly from the files of the IMF, supplemented by World Bank staff estimates. Balance of payments data are presented according to the fifth edition of the IMF’s Balance of Payments Manual, which made several adjustments to its presentation of trade statistics. Coverage of goods was expanded to include in imports the value of goods received for processing and repair (on a gross basis). Their subsequent re-export is recorded in exports (also on a gross basis). This approach will cause a country’s imports and exports to increase without affecting the balance of goods. In addition, all capital transfers, which were included with current transfers in the fourth edition of the Balance of Payments Manual, are now shown in a separate capital (as opposed to financial) account, and so do not contribute to the current account balance.

A N D

D E F I N I T I O N S

Debt indicators The macroeconomic aggregates and debt data provided in the tables are used to generate ratios that analysts use to assess the external situations of developing countries. Different analysts give different weights to these indicators, but no single indicator or set of indicators can substitute for a thorough analysis of the overall situation of an economy. The advantage of the indicators in Global Development Finance is that they are calculated from standardized data series that are compiled on a consistent basis by the World Bank and the IMF. The ratios offer various measures of the cost of, or capacity for, servicing debt in terms of the foreign exchange or output forgone. The following ratios are provided based on total external debt: EDT/XGS is total external debt to exports of goods and services (including workers’ remittances). EDT/GNI is total external debt to gross national income. TDS/XGS, also called the debt service ratio, is total debt service to exports of goods and services (including workers’ remittances). INT/XGS, also called the interest service ratio, is total interest payments to exports of goods and services (including workers’ remittances). INT/GNI is total interest payments to gross national income. RES/EDT is international reserves to total external debt. RES/MGS is international reserves to imports of goods and services. Short-term/EDT is short-term debt to total external debt. Concessional/EDT is concessional debt to total external debt. Multilateral/EDT is multilateral debt to total external debt.

Long-term debt Data on long-term debt include eight main elements: DEBT OUTSTANDING AND DISBURSED is the total outstanding debt at year end. DISBURSEMENTS are drawings on loan commitments by the borrower during the year. PRINCIPAL REPAYMENTS are amounts paid by the borrower during the year. NET FLOWS received by the borrower during the year are disbursements minus principal repayments.

xvii

G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 0 5

INTEREST PAYMENTS are amounts paid by the borrower during the year. NET TRANSFERS are net flows minus interest payments during the year; negative transfers show net transfers made by the borrower to the creditor during the year. DEBT SERVICE (LTDS) is the sum of principal repayments and interest payments actually made. UNDISBURSED DEBT is total debt undrawn at year end; data for private nonguaranteed debt are not available. Data from individual reporters are aggregated by type of creditor. Official creditors includes multilateral and bilateral debt. • Loans from multilateral organizations are loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. • Bilateral loans are loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Private creditors include bonds, commercial banks, and other private creditors. Commercial banks and other private creditors comprise bank and trade-related lending. • Bonds include publicly issued or privately placed bonds. • Commercial banks are loans from private banks and other private financial institutions. • Other private includes credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Four characteristics of a country’s debt are given as memorandum items for long-term debt outstanding and disbursed (LDOD). Concessional LDOD 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 the

xviii

DAC definition, as was the practice in earlier reports. Variable interest rate LDOD is long-term debt with interest rates that float with movements in a key market rate such as the London interbank offer rate (LIBOR) or the U.S. prime rate. This item conveys information about the borrower’s exposure to changes in international interest rates. Public sector LDOD and private sector LDOD convey information about the distribution of long-term debt for DRS countries by type of debtor (central government, state and local government, central bank; private bank, private debt).

Currency composition of long-term debt The major currencies in which the external debt of low- and middle-income countries is contracted are separately identified, as is debt denominated in special drawing rights and debt repayable in multiple currencies. Beginning in 2001, debt denominated in the currencies of the twelve members in the European Monetary Union is included under the euro.

Debt restructurings Debt restructurings include restructurings in the context of the Paris Club, commercial banks, debtequity swaps, buybacks, and bond exchanges. Debt restructuring data capture the non-cash or inferred flows associated with rescheduling and restructuring. These are presented to complement the cash-basis transactions recorded in the main body of the data. Debt stock rescheduled is the amount of debt outstanding rescheduled in any given year. Principal rescheduled is the amount of principal due or in arrears that was rescheduled in any given year. Interest rescheduled is the amount of interest due or in arrears that was rescheduled in any given year. Debt forgiven is the amount of principal due or in arrears that was written off or forgiven in any given year. Interest forgiven is the amount of interest due or in arrears that was written off or forgiven in any given year. Debt stock reduction is the amount that has been netted out of the stock of debt using debt conversion schemes such as buybacks and equity swaps or the discounted value of long-term bonds that were issued in exchange for outstanding debt.

S O U R C E S

Debt stock-flow reconciliation Stock and flow data on total external debt are reconciled for each year, beginning with 1989. The data show the changes in stock that have taken place due to the net flow on debt, the net change in interest arrears, the capitalization of interest, the reduction in debt resulting from debt forgiveness or other debt reduction mechanisms, and the crosscurrency valuation effects. The residual difference—the change in stock not explained by any of these factors—is also presented, calculated as the sum of identified accounts minus the change in stock.

Average terms of new commitments The average terms of borrowing on public and publicly guaranteed debt are given for all new loans contracted during the year and separately for loans from official and private creditors. To obtain averages, the interest rates, maturities, and grace periods in each category have been weighted by the amounts of the loans. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans with an original grant element of 25 percent or more are defined as concessional. The average grant element has been weighted by the amounts of the loans. Commitments cover the total amount of loans for which contracts were signed in the year specified; data for private nonguaranteed debt are not available.

Projections on existing pipeline Projected debt service payments are estimates of payments due on existing debt outstanding, including undisbursed. They do not include service payments that may become due as a result of new loans contracted in subsequent years. Nor do they allow for effects on service payments of changes in repayment patterns owing to prepayment of loans or to rescheduling or refinancing, including repayment of outstanding arrears, that occurred after the last year of reported data. Projected disbursements are estimates of drawings of unutilized balances. The projections

A N D

D E F I N I T I O N S

do not take into account future borrowing by the debtor country. (See the Methodology section for a detailed explanation of how undisbursed balances are projected.)

Exchange rates Data received by the World Bank from its members are expressed in the currencies in which the debts are repayable or in which the transactions took place. For aggregation, the Bank converts these amounts to U.S. dollars using the IMF par values or central rates, or the current market rates where appropriate. Service payments, commitments, and disbursements (flows) are converted to U.S. dollars at the average rate for the year. Debt outstanding and disbursed at the end of a given year (a stock) is converted at the rate in effect at the end of that year. Projected debt service, however, is converted to U.S. dollars at rates in effect at end-December 2003. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of value of the currency of repayment are shown at book value.

Adjustments Year-to-year changes in debt outstanding and disbursed are sometimes not equal to net flows; similarly, changes in debt outstanding, including undisbursed, differ from commitments less repayments. The reasons for these differences are cancellations, adjustments caused by the use of different exchange rates, and the rescheduling of other liabilities into long-term public debt.

Symbols The following symbols have been used throughout: • 0.0 indicates that a datum exists, but is negligible, or is a true zero. • .. indicates that a datum is not available. • Dollars are current U.S. dollars unless otherwise specified.

Note to users

L

ong-term public and publicly guaranteed debt data are as reported for 93 countries; for 26 other countries the data are preliminary (that is, substantially based on reported data) or estimated by World Bank staff. The status of each country is given in the Country Groups section.

xix

G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 0 5

This edition includes data on private nonguaranteed debt, either as reported or as estimated, for 80 countries. Data for exports, imports, and international reserves are standard series drawn from the International Monetary Fund (IMF) and maintained in the data files of the World Bank. Data for gross national income denominated in U.S. dollars are drawn directly from the files of the Macroeconomic Data Team of the Development Data Group of the World Bank. Data for direct foreign investment are drawn from the IMF, and data for grants are drawn from the OECD and supplemented by World Bank staff estimates. The charts on pages xxi to xxiii are intended to help the reader interpret the debt stocks and flows reported in the tables. Beginning with 1991 all ruble debt owed to the former Soviet Union is converted at a rate of $1  0.6 ruble, except in cases where a bilateral agreement specifying a different conversion rate is in place. This valuation method does not constitute an endorsement by World Bank staff of the appropriateness or validity of this method or the exchange rate used. The appropriate valuation is a matter to be resolved bilaterally between the Russian Federation and its debtor countries. The following abbreviations are used in the principal ratios and indicator tables: BIS Bank for International Settlements CRS Creditor Reporting System (of the OECD) DAC Development Assistance Committee (of the OECD)

xx

DDSR DRS

Debt and debt service reduction Debtor Reporting System (of the World Bank) EDT Total external debt, including short-term and use of IMF credit FDI Foreign direct investment GNI Gross national income IBRD International Bank for Reconstruction and Development/World Bank IDA International Development Association (of the World Bank) IMF International Monetary Fund INT Total interest payments on long-term and short-term debt, including IMF charges LDOD Total long-term debt outstanding and disbursed LIBOR London interbank offered rate MGS Imports of goods and services MYRA Multiyear rescheduling agreement NPV Net present value of debt ODA Official development assistance OECD Organisation for Economic Co-operation and Development OPEC Organization of Petroleum Exporting Countries RES International reserves SDR Special drawing right (of the IMF) TDS Total debt service on long-term debt and short-term (interest only), including IMF Credits WBXD World Bank External Debt System XGS Exports of goods and services

S O U R C E S

A N D

D E F I N I T I O N S

Debt stock 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

Commercial banks

Bonds

Other

xxi

G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 0 5

Aggregate net resource flows and net transfers (long-term) to developing countries

Loan disbursements

minus

Principal repayments

equals

Debt service (LTDS)

xxii

Net resource flows on debt

plus

Foreign direct investment (FDI), portfolio equity flows, and official grants

equals

Aggregate net resource flows

minus

minus

Interest payments

Loan interest and FDI profits

equals

equals

Net transfers on debt

Aggregate net transfers

S O U R C E S

A N D

D E F I N I T I O N S

Aggregate net resource flows (long-term) and the balance of payments

Credits

Current account

Capital and financial account

Debits

• Exports of goods and services

• Imports of goods and services

• Income received

• Income paid

• Current transfers Including workers’ remittances and private grants

• Current transfers

• Official unrequited transfers (by foreign governments)

• Official unrequited transfers (by national government)

• Official unrequited transfer (by foreign governments)

• Official unrequited transfer (by national government)

• Foreign direct investment (by nonresidents) (disinvestment shown as negative)

• Foreign direct investment (by residents) disinvestment shown as negative

• Portfolio investment (by nonresidents) (amortizations shown as negative)

• Portfolio investment (abroad by residents) (amortizations shown as negative)

• Other long-term capital inflows (by nonresidents) (amortizations shown as negative)

• Other long-term capital inflow (by residents) (amortizations shown as negative)

• Short-term capital inflow

• Short-term capital outflow

Reserve account

Net changes in reserves

Aggregate net resource flows Net resource flows on debt (long-term)

xxiii

Country groups Regional groups East Asia and Pacific Cambodia (A) China (P) Fiji (A) Indonesia (A) Lao PDR (P) Malaysia (A) Mongolia (A) Myanmar (E) Papua New Guinea (A) Philippines (A) Samoa (A) Solomon Islands (A) Thailand (P) Tonga (P) Vanuatu (E) Vietnam (P) Europe and Central Asia Albania (A) Armenia (A) Azerbaijan (P) Belarus (A) Bosnia and Herzegovinaa (A) Bulgaria (A) Croatia (A) Czech Republic (P) Estonia (A) Georgia (A) Hungary (A) Kazakhstan (A) Kyrgyz Republic (A) Latvia (A) Lithuania (A) Macedonia, FYR (A) Moldova (A) Poland (A) Romania (P) Russian Federation (P) Serbia and Montenegroa (A) Slovak Republic (A)

Tajikistan (P) Turkey (A) Turkmenistan (..) Ukraine (A) Uzbekistan (A) Latin America and the Caribbean Argentina (P) Barbados (E) Belize (A) Bolivia (A) Brazil (P) Chile (A) Colombia (A) Costa Rica (A) Dominica (A) Dominican Republic (A) Ecuador (P) 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. Kitts and Nevis (A) St. Lucia (A) St. Vincent and the Grenadines (A) Trinidad and Tobago (A) Uruguay (A) Venezuela, R. B. de (A) Middle East and North Africa Algeria (A) Djibouti (A) Egypt, Arab Rep. of (A)

Iran, Islamic Rep. of (A) Jordan (A) Lebanon (A) Morocco (A) Oman (A) Syrian Arab Republic (E) Tunisia (A) Yemen, Republic of (A)

South Asia Bangladesh (A) Bhutan (A) India (A) Maldives (A) Nepal (A) Pakistan (P) Sri Lanka (A) Sub-Saharan Africa Angola (P) Benin (A) Botswana (A) Burkina Faso (A) Burundi (A) Cameroon (A) Cape Verde (A) Central African Republic (A) Chad (A) Comoros (P) Congo, Dem. Rep. of (A) Congo, Rep. of (E) Côte d’Ivoire (E) Equatorial Guinea (E) Eritrea (A) Ethiopia (P) Gabon (A) Gambia, The (A) Ghana (P) Guinea (E) Guinea-Bissau (E)

Kenya (A) Lesotho (A) Liberia (E) Madagascar (P) Malawi (E) Mali (A) Mauritania (A) Mauritius (A) Mozambique (P) Niger (P) Nigeria (A) Rwanda (E) São Tomé and Principe (P) Senegal (P) Seychelles (P) Sierra Leone (A) Somalia (E) South Africa (P) Sudan (E) Swaziland (A) Tanzania (P) Togo (E) Uganda (A) Zambia (E) 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, include an element of staff estimation. “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 and Montenegro.

xxiv

C O U N T R Y

G R O U P S

Income groups Low-income countries Angola Bangladesh Benin Bhutan Burkina Faso Burundi Cambodia Cameroon Central African Republic Chad Comoros Congo, Dem. Rep. of Congo, Rep. of Côte d’Ivoire Equatorial Guinea Eritrea Ethiopia Gambia,The Ghana Guinea Guinea-Bissau Haiti India Kenya Kyrgyz Republic Lao PDR Lesotho Liberia Madagascar Malawi Mali Mauritania Moldova Mongolia Mozambique Myanmar Nepal Nicaragua

Niger Nigeria Pakistan Papua New Guinea Rwanda São Tomé and Principe Senegal Sierra Leone Solomon Islands Somalia Sudan Tajikistan Tanzania Togo Uganda Uzbekistan Vietnam Yemen, Republic of Zambia Zimbabwe

Middle-income countries Albania Algeria Argentina Armenia Azerbaijan Barbados Belarus Belize Bolivia Botswana Bosnia and Herzegovina Brazil Bulgaria Cape Verde Chile China Colombia Costa Rica Croatia Czech Republic Djibouti Dominica Dominican Republic Ecuador Egypt, Arab Rep. of El Salvador Estonia Fiji Gabon Georgia Grenada Guatemala Guyana Honduras Hungary Indonesia Iran, Islamic Rep. of Jamaica

Jordan Kazakhstan Latvia Lebanon Lithuania Macedonia, FYR Malaysia Maldives Mauritius Mexico Morocco Oman Panama Paraguay Peru Philippines Poland Romania Russian Federation Samoa Serbia and Montenegro Seychelles Slovak Republic South Africa Sri Lanka St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Swaziland Syrian Arab Republic Thailand Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Ukraine Uruguay Vanuatu Venezuela, R. B. de

Note: Low-income countries are those in which 2003 GNI per capita (calculated using the World Bank Atlas method) was no more than $765; middle-income countries are those in which GNI per capita was between $766 and $9,385.

xxv

.

Summary tables

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xxxi

Country classifications for 2005

G

LOBAL DEVELOPMENT FINANCE classifies indebtedness based on two ratios: the ratio of the present value of total debt service to gross national income (GNI) and the ratio of the present value of total debt service to exports. These ratios cast a country’s indebtedness in terms of two important aspects of its potential capacity to service the debt: exports (because they provide foreign exchange to service debt) and GNI (because it is the broadest measure of income generation in an economy). For the 136 countries that report to the World Bank’s Debtor Reporting System (DRS) the debt data are drawn from this source. GNI and export data are from World Bank files, as shown in the Summary and Country Tables volume of Global Development Finance. Export figures are earnings from goods and services, including worker remittances. Data on official grants are not included, although they may be a stable source of foreign exchange in some countries. The two indebtedness ratios in Global Development Finance 2005 are calculated as follows: • The ratio of the present value of total debt service in 2003 to average GNI in 2001, 2002, and 2003. • The ratio of the present value of total debt service in 2003 to average exports (including worker remittances) in 2001, 2002, and 2003. If either ratio exceeds a critical value—80 percent for the debt service to GNI ratio and 220 percent for the debt service to exports ratio—the country is classified as severely indebted. If the critical value is not exceeded but either ratio is three-fifths or more of the critical value (that is, 48 percent for the present value of debt service to GNI and 132 percent for the present value of debt service to exports), the country is classified as moderately indebted. If both ratios are less than three-fifths of the critical value, the country is classified as less indebted. Countries are further classified as low-income if 2003 GNI per capita was $765 or less and as middle-income if 2003 GNI per capita was $766 or more but less than $9,385. Combining these criteria leads to the identification of severely indebted low-income countries (SILICs), severely indebted middleincome countries (SIMICs), moderately indebted low-income countries (MILICs), moderately indebted middle-income countries (MIMICs), less

indebted low-income countries (LILICs), and less indebted middle-income countries (LIMICs; table 2). The use of critical values to define the boundaries between indebtedness categories implies that changes in country classifications should be interpreted with caution. If a country has an indicator that is close to the critical value, a small change in the indicator may trigger a change in indebtedness classification even if economic fundamentals have not changed significantly. Moreover, these indicators do not represent an exhaustive set of useful indicators of external debt. They may not, for example, adequately capture the debt servicing capacity of countries in which government budget constraints are key to debt service difficulties. Countries that allow the use or free conversion of a foreign currency can face government budget difficulties that are related to servicing external public debt, but that are not necessarily reflected in balance of payments data. In other countries, the servicing of domestic public debt may be a source of fiscal strain that is not reflected in balance of payments data. Moreover, rising external debt may not necessarily imply payment difficulties, especially if there is a commensurate increase in the country’s debt servicing capacity. Thus, these indicators should be used in the broader context of a country-specific analysis of debt sustainability. In the context of the Heavily Indebted Poor Countries (HIPC) Initiative, countries are classified based on the ratio of the present value of public and publicly guaranteed debt to exports of goods and services, excluding worker remittances. For those countries for which a joint debt sustainability analysis has been undertaken, the indicators are calculated on this basis and shown in italics in table 1. The discount rates used to calculate present value are interest rates charged by the Organisation for Economic Co-operation and Development (OECD) countries for officially supported export credits. They represent, on average, the most favorable terms for fixed-rate nonconcessional debt that countries are able to contract in international loan markets. The rates are specified for 14 currencies, including—British pounds, Canadian dollars, Japanese yen, U.S. dollars and the Euro. International Bank for Reconstruction and

xxxii

Development currency-pool loans, International Development Association credits, and International Monetary Fund loans are discounted at the special drawing rights lending rate. For debt denominated in other currencies, discount rates are the average of the above interest rates on export credits charged by OECD countries.

In present value calculations, debt service on fixed-rate loans is determined and each payment is discounted to compute its present value. For variable-rate loans, for which the future debt service payment cannot be precisely determined, debt service is calculated using the rate at the end of 2003 for the base specified for the loan.

Income and indebtedness classification Indebtedness classification

Income classification

PV/XGS higher than 220 percent or PV/GNI higher than 80 percent

PV/XGS less than 220 percent but higher than 132 percent and PV/GNI less than 80 percent but higher than 48 percent

Low-income: GNI per capita less than $765

Severely indebted low-income countries

Moderately indebted low-income countries

Less indebted low-income countries

Middle-income: GNI per capita between $766 and $9,385

Severely indebted middle-income countries

Moderately indebted middle-income countries

Less indebted middle-income countries

PV/XGS less than 132 percent and PV/GNI less than 48 percent

Note: PV/XGS is present value of debt service to exports of goods and services. PV/GNI is present value of debt service to GNI. Source: World Bank.

xxxiii Table 2: CLASSIFICATION OF DRS ECONOMIES Severely indebted low-income

Severely indebted middle-income

Moderately indebted low-income

Moderately indebted middle-income

Less indebted low-income

Less indebted middle-income

Angola

Argentina

Benin

Boliviaa

Bangladesh

Albania

Bhutan

Belize

Burkina Faso

Cape Verdea

Equatorial Guinea

Algeria

Burundi

Brazil

Cambodia

Chile

Ghanab

Armenia

Central African Republic

Bulgariaa

Cameroon

Colombia

Haiti

Azerbaijan

Chad

Croatiaa

Ethiopiab

El Salvadora

India

Barbados

Comoros

Dominica

Kenya

Honduras

Lesotho

Belarus

Congo, Dem. Rep. of

Ecuador

Madagascara

Hungary

Malib

Bosnia and Herzegovina

Congo, Rep. of

Estonia

Mauritania

Jamaicab

Mozambique

Botswana

Côte d’Ivoire

Gabon

Moldova

Lithuania

Nepalb

China

Eritreaa

Grenadaa

Mongoliac

Malaysia

Nicaraguab

Costa Rica

Gambia, Thea

Guyanaa

Niger

Mauritiusa

Senegalb

Czech Republic

Guineaa

Indonesia

Nigeriab

Paraguaya

Tanzania

Djibouti

Guinea-Bissau

Jordan

Pakistan

Philippines

Vietnam

Dominican Republic

Kyrgyz Republic

Kazakhstana

Papua New Guineab

Polanda

Yemen, Republic of

Egypt, Arab Rep. of

Lao PDR

Latvia

Solomon Islandsa

Russian Federation

Liberia

Lebanon

Ugandaa

Slovak Republic

Georgiab

Malawia

Maldives

Uzbekistan

Sri Lanka

Guatemala

Myanmar

Panama

St. Lucia

Iran, Islamic Rep. of

Rwanda

Peru

St. Vincent and the Grenadines

Macedonia, FYR

São Tomé and Principe

Samoaa

Tunisia

Mexico

Sierra Leone

Serbia and Montenegro

Turkmenistan

Moroccob

Somalia

Seychellesa

Venezuela, R. B. dea

Oman

Sudan

St. Kitts and Nevisa

Romania

Tajikistan

Syrian Arab Republic

South Africa

Togo

Turkey

Swaziland

Zambia

Uruguay

Thailandb

Fiji

a

Zimbabwe

Tonga Trinidad and Tobago Ukraine Vanuatu

27

26

17

22

14

30

Note: Tables classify all World Bank member economies and all other economies with populations of more than 30,000. Economies are divided among income groups according to

2003 GNI per capita, calculated using the World Bank Atlas method. Income groups are low-income, $765 or less; lower-middle-income, $766-$3,035; upper-middle-income, $3,036-$9,385; and high-income, $9,386 or more. a. Countries whose indebtedness classification has worsened. b. Countries whose indebtedness classification has improved. c. Classification excludes the effect of Russian debt settlement. Source: World Bank.

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2

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12:09 PM

ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

70,184 60,649 45,447 15,202 756 .. .. .. .. .. .. .. ..

540,923 407,137 338,881 68,257 11,563 122,223 2,478 2,031 448 2,548 1,247 1,302 0

1,337,033 1,099,227 1,039,220 60,007 34,652 203,155 52,741 19,638 33,103 59,778 27,256 32,521 274,367

2,322,912 1,893,959 1,394,997 498,962 76,942 352,011 35,925 28,090 7,836 85,384 64,763 20,621 196,060

2,346,638 1,939,851 1,405,168 534,683 72,766 334,021 40,096 29,032 11,063 83,107 64,197 18,911 187,771

2,282,550 1,906,754 1,363,432 543,322 58,448 317,349 32,839 23,510 9,329 63,412 46,985 16,427 177,269

2,260,516 1,863,304 1,325,664 537,639 75,281 321,931 35,412 25,262 10,150 61,702 47,013 14,689 171,860

2,336,472 1,919,840 1,375,430 544,410 95,809 320,823 36,677 20,279 16,398 63,457 40,846 22,611 187,473

2,554,138 2,045,215 1,450,089 595,126 106,865 402,058 47,747 22,849 24,898 82,268 44,567 37,700 200,723

2,597,062 2,040,791 1,459,114 581,677 95,880 460,390 .. .. .. .. .. .. ..

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

12,969 12,638 331 6,603 5,873 730 6,417 .. .. 2,290 0 .. .. .. 8,164 730 ..

108,188 102,797 5,391 42,854 40,885 1,969 94,821 29,487 43,462 30,298 455 12,709 51,359 86,316 71,184 2,423 12,709

126,999 118,758 8,242 83,971 75,796 8,175 56,232 13,204 63,961 51,367 2,500 10,094 -7,729 147,932 127,163 10,675 10,094

302,530 281,342 21,188 183,205 176,106 7,099 54,870 -64,456 109,657 90,223 2,502 16,932 -54,787 292,861 266,329 9,601 16,932

273,819 259,599 14,219 238,335 221,925 16,410 15,403 -20,081 113,884 95,198 2,843 15,842 -98,481 352,219 317,124 19,253 15,842

257,710 247,595 10,114 256,021 235,255 20,766 -6,193 -7,881 120,525 100,590 2,881 17,054 -126,717 376,546 335,845 23,647 17,054

275,633 244,272 31,361 255,191 243,293 11,898 -3,451 -23,893 110,327 95,332 2,671 12,324 -113,778 365,518 338,625 14,569 12,324

283,123 248,695 34,428 277,438 257,026 20,413 8,480 2,796 95,148 82,972 2,971 9,205 -86,667 372,586 339,997 23,383 9,205

329,570 299,949 29,621 318,594 291,351 27,243 59,951 48,975 101,180 88,480 2,424 10,276 -41,230 419,774 379,831 29,667 10,276

300,779 294,094 6,685 270,656 253,075 17,581 83,695 53,572 103,139 88,666 2,490 11,983 -19,444 373,795 341,741 20,071 11,983

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

10,664 6,764 1,731 -2 1,839 1,703 5,129 5,535

84,207 61,912 9,588 -1 12,822 6,239 33,307 50,900

96,163 42,962 22,073 3,390 27,738 13,789 54,140 42,023

310,015 105,236 171,479 6,579 26,722 15,850 47,000 263,015

261,330 37,674 182,429 12,709 28,518 16,160 44,630 216,700

219,610 12,340 166,190 12,374 28,706 15,274 33,605 186,004

209,742 979 174,833 6,018 27,912 16,374 35,452 174,289

183,641 -8,330 153,952 5,849 32,170 18,818 23,357 160,283

228,544 8,598 151,776 24,812 43,358 20,596 29,100 199,445

280,691 41,019 165,500 26,750 47,422 22,262 32,994 247,698

7,708 2,290 1,022 4,271 3,437

42,928 30,298 11,985 27,962 14,966

27,908 51,367 16,888 35,778 -7,871

161,112 90,223 58,681 20,894 140,218

105,980 95,198 60,152 17,712 88,268

41,823 100,590 77,197 6,564 35,258

35,967 95,332 78,443 7,336 28,631

21,267 82,972 79,402 -843 22,110

38,713 88,480 101,352 5,284 33,429

87,826 88,666 104,200 11,442 76,384

664,791 8,541 409 10,341 14,115 -1,830

2,528,548 368,297 17,067 425,480 165,831 -49,450

5,672,835 1,880,783 75,637 1,870,945 708,368 24,924

5,770,405 1,873,934 83,778 1,888,989 791,308 4,874

5,876,724 2,036,753 98,214 1,995,245 974,322 59,829

6,624,111 2,440,118 115,860 2,365,585 1,277,565 94,056

7,368,192 2,984,559 125,836 2,961,831 1,585,275 57,962

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

146.9 21.4 23.4 11.8 1.7 30.7 4.7 22.6 16.6 8.6

121.4 40.2 20.0 6.4 2.1 31.0 4.5 13.9 16.6 14.6

120.6 39.2 19.5 5.9 1.9 35.0 5.0 14.2 16.3 15.0

114.7 39.8 18.3 4.7 1.6 41.7 5.9 13.7 17.3 15.3

104.7 38.6 17.2 4.1 1.5 50.0 6.5 15.7 18.0 14.9

87.0 35.2 12.5 3.5 1.4 61.0 6.4 17.7 17.3 14.7

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

3,701,288 749,936 31,229 777,738 185,710 -11,671

5,440,745 1,506,724 68,047 1,621,171 633,465 -96,340

5,246,379 1,571,642 71,859 1,601,899 666,567 -11,280

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

178.3 36.1 19.7 8.5 1.7 13.9 2.9 15.2 20.6 15.2

154.2 42.7 19.4 7.3 2.0 27.3 4.7 15.2 16.5 13.7

149.3 44.7 22.4 7.2 2.2 28.4 5.0 14.2 17.2 14.2

3 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

60,649 45,447 33,044 7,282 2,046 25,762 22,132 12,404 1,810 3,623 6,970 15,202 0 15,202

407,137 338,881 149,882 46,261 18,007 103,620 71,748 189,198 12,812 122,109 54,277 68,257 0 68,257

1,099,227 1,039,220 551,144 203,384 68,498 347,759 206,989 488,076 104,277 248,959 134,840 60,007 347 59,661

4,377 1,806

20,432 11,775

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12,638 8,512 4,838 1,193 255 3,645 2,899 3,674 149 1,368 2,157 4,126 0 4,126

1998

1999

2000

2001

2002

2003

2004

1,893,959 1,394,997 789,845 317,326 124,366 472,520 259,805 605,152 323,040 197,660 84,452 498,962 95,797 403,165

1,939,851 1,405,168 809,013 333,652 129,886 475,361 272,885 596,155 341,973 170,447 83,735 534,683 99,255 435,428

1,906,754 1,363,432 781,048 333,265 129,269 447,783 250,590 582,384 372,050 139,718 70,615 543,322 96,801 446,521

1,863,304 1,325,664 751,637 338,540 131,050 413,097 237,686 574,027 372,346 135,923 65,758 537,639 95,348 442,291

1,919,840 1,375,430 778,908 358,647 147,614 420,261 257,486 596,522 396,396 139,666 60,459 544,410 95,130 449,280

2,045,215 1,450,089 826,485 381,447 167,028 445,039 292,556 623,604 426,772 141,729 55,103 595,126 108,923 486,203

2,040,791 1,459,114 800,704 382,783 171,696 417,920 278,659 658,411 465,268 144,173 48,969 581,677 129,488 452,189

92,314 45,005

108,455 84,088

111,329 86,604

112,145 86,843

112,530 89,220

111,303 100,613

109,036 113,842

104,526 117,488

102,797 81,894 27,477 8,975 2,833 18,502 10,576 54,417 1,653 32,876 19,888 20,903 0 20,903

118,758 101,482 49,437 27,310 6,826 22,127 13,368 52,045 5,176 16,156 30,713 17,276 291 16,985

281,342 158,667 63,630 41,773 8,977 21,857 13,573 95,037 52,371 32,032 10,635 122,675 19,863 102,812

259,599 142,758 60,594 37,277 8,876 23,318 17,018 82,164 50,988 18,951 12,225 116,841 13,763 103,078

247,595 137,838 53,976 34,958 8,077 19,018 13,159 83,862 56,119 19,506 8,236 109,757 11,757 98,000

244,272 119,535 51,340 34,184 9,416 17,155 12,315 68,196 44,751 17,025 6,420 124,737 11,010 113,727

248,695 112,786 46,277 32,280 9,886 13,998 8,949 66,509 40,431 21,220 4,858 135,909 11,591 124,318

299,949 124,250 49,837 38,168 10,830 11,669 9,433 74,413 51,518 18,248 4,647 175,699 24,219 151,480

294,094 158,205 47,709 27,832 10,145 19,877 14,246 110,495 72,710 31,959 5,826 135,890 35,018 100,872

672 173

4,224 1,587

13,438 4,345

14,376 5,556

14,082 5,397

13,430 5,219

12,305 6,091

10,288 6,768

11,411 6,378

8,298 6,347

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5,873 3,426 1,548 386 30 1,162 668 1,878 143 685 1,050 2,448 0 2,448

40,885 29,198 6,992 1,559 105 5,433 2,474 22,206 513 13,353 8,340 11,687 0 11,687

75,796 68,513 23,035 11,898 898 11,137 4,821 45,478 4,386 22,686 18,406 7,283 0 7,283

176,106 104,251 43,351 18,383 1,980 24,968 11,528 60,900 22,848 22,261 15,791 71,855 9,666 62,189

221,925 110,298 44,483 18,958 2,066 25,525 12,017 65,815 23,201 28,919 13,695 111,628 11,728 99,900

235,255 122,141 49,076 23,158 2,435 25,918 12,544 73,065 35,322 25,232 12,511 113,114 15,060 98,054

243,293 120,117 43,799 18,869 2,459 24,930 10,726 76,318 34,505 28,841 12,972 123,176 10,305 112,871

257,026 122,265 55,090 30,847 2,503 24,243 10,627 67,175 28,339 27,511 11,325 134,761 12,516 122,245

291,351 143,614 64,096 36,398 2,802 27,697 13,187 79,518 38,732 29,835 10,951 147,737 10,389 137,349

253,075 125,045 62,138 29,062 2,773 33,076 17,895 62,907 30,356 21,040 11,511 128,030 14,395 113,635

248 0

996 30

7,939 248

10,487 732

9,834 869

9,827 949

9,806 1,085

16,022 1,243

17,628 1,322

14,465 1,540

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6,764 5,086 3,290 807 225 2,483 2,231 1,796 6 683 1,108 1,678 0 1,678

61,912 52,696 20,485 7,416 2,728 13,069 8,102 32,211 1,140 19,524 11,548 9,216 0 9,216

42,962 32,969 26,402 15,412 5,927 10,990 8,548 6,567 791 -6,530 12,307 9,992 291 9,701

105,236 54,416 20,278 23,390 6,998 -3,111 2,044 34,138 29,523 9,770 -5,156 50,820 10,197 40,623

37,674 32,460 16,112 18,319 6,810 -2,207 5,000 16,349 27,787 -9,968 -1,470 5,213 2,035 3,178

12,340 15,697 4,900 11,800 5,643 -6,900 615 10,797 20,798 -5,726 -4,275 -3,356 -3,302 -54

979 -582 7,541 15,315 6,956 -7,775 1,589 -8,122 10,246 -11,816 -6,552 1,561 705 856

-8,330 -9,478 -8,813 1,433 7,383 -10,245 -1,678 -666 12,092 -6,290 -6,468 1,148 -925 2,073

8,598 -19,364 -14,258 1,770 8,027 -16,029 -3,754 -5,105 12,785 -11,586 -6,304 27,962 13,831 14,131

41,019 33,159 -14,429 -1,230 7,372 -13,199 -3,649 47,588 42,354 10,919 -5,685 7,860 20,623 -12,763

423 172

3,227 1,556

5,499 4,097

3,889 4,824

4,248 4,528

3,603 4,271

2,499 5,007

-5,734 5,525

-6,217 5,056

-6,167 4,808

5. LONG-TERM DEBT

4 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2,290 1,537 858 308 20 551 385 679 98 253 328 753 0 753

30,298 23,613 5,344 2,356 164 2,989 1,520 18,269 935 13,678 3,655 6,685 0 6,685

51,367 46,791 18,362 10,505 622 7,857 3,325 28,429 4,376 17,439 6,614 4,577 3 4,574

90,223 61,590 26,106 12,674 1,143 13,431 6,193 35,484 19,677 10,739 5,069 28,633 6,918 21,715

95,198 63,015 26,917 14,899 1,205 12,018 5,897 36,098 23,177 8,622 4,299 32,183 7,609 24,574

100,590 67,522 27,041 15,592 1,204 11,449 5,258 40,481 26,791 9,899 3,791 33,068 8,042 25,026

95,332 64,546 28,117 15,283 1,182 12,833 5,026 36,429 23,241 9,696 3,492 30,786 7,981 22,805

82,972 57,768 24,200 13,682 1,337 10,519 4,838 33,568 22,700 8,502 2,366 25,204 6,913 18,291

88,480 61,352 23,816 12,226 1,414 11,590 5,780 37,535 25,879 9,318 2,338 27,128 8,027 19,102

88,666 58,779 21,552 9,749 1,467 11,802 6,263 37,227 27,449 7,405 2,374 29,887 8,482 21,405

243 12

1,669 78

6,868 301

6,612 550

7,267 588

7,682 578

7,469 576

6,392 695

5,133 698

3,917 799

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4,474 3,549 2,432 500 206 1,932 1,846 1,117 -92 430 779 925 0 925

31,613 29,083 15,141 5,060 2,564 10,080 6,582 13,942 204 5,845 7,893 2,530 0 2,530

-8,406 -13,821 8,040 4,908 5,306 3,133 5,222 -21,862 -3,585 -23,969 5,693 5,416 288 5,128

15,013 -7,174 -5,827 10,715 5,855 -16,542 -4,149 -1,347 9,847 -968 -10,225 22,187 3,279 18,908

-57,524 -30,555 -10,805 3,420 5,605 -14,225 -897 -19,749 4,610 -18,590 -5,769 -26,970 -5,573 -21,396

-88,249 -51,825 -22,141 -3,792 4,439 -18,349 -4,643 -29,684 -5,993 -15,625 -8,066 -36,424 -11,344 -25,080

-94,353 -65,127 -20,576 32 5,774 -20,608 -3,438 -44,551 -12,995 -21,512 -10,044 -29,225 -7,277 -21,949

-91,302 -67,246 -33,013 -12,249 6,046 -20,764 -6,516 -34,233 -10,608 -14,792 -8,833 -24,056 -7,838 -16,218

-79,882 -80,716 -38,075 -10,456 6,614 -27,619 -9,534 -42,641 -13,094 -20,905 -8,642 833 5,804 -4,971

-47,647 -25,620 -35,980 -10,979 5,905 -25,001 -9,913 10,361 14,905 3,514 -8,058 -22,027 12,141 -34,168

181 161

1,558 1,478

-1,369 3,796

-2,723 4,274

-3,019 3,940

-4,079 3,693

-4,970 4,430

-12,126 4,830

-11,350 4,358

-10,084 4,009

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8,164 4,963 2,406 694 49 1,713 1,054 2,557 241 938 1,378 3,200 0 3,200

71,184 52,811 12,336 3,914 269 8,422 3,994 40,475 1,449 27,031 11,996 18,372 0 18,372

127,163 115,303 41,397 22,402 1,520 18,994 8,146 73,907 8,762 40,125 25,020 11,860 3 11,857

266,329 165,841 69,457 31,057 3,123 38,400 17,721 96,384 42,524 33,000 20,860 100,488 16,584 83,904

317,124 173,313 71,400 33,857 3,271 37,543 17,915 101,913 46,378 37,541 17,994 143,811 19,337 124,474

335,845 189,663 76,117 38,750 3,638 37,367 17,802 113,546 62,113 35,131 16,302 146,181 23,102 123,080

338,625 184,663 71,916 34,152 3,641 37,763 15,753 112,747 57,746 38,537 16,464 153,962 18,286 135,676

339,997 180,032 79,290 44,529 3,840 34,761 15,465 100,742 51,039 36,013 13,691 159,965 19,429 140,536

379,831 204,965 87,912 48,625 4,216 39,287 18,967 117,054 64,612 39,153 13,289 174,866 18,415 156,450

341,741 183,824 83,690 38,811 4,240 44,878 24,159 100,135 57,805 28,445 13,884 157,917 22,877 135,040

491 12

2,666 109

14,807 549

17,099 1,282

17,101 1,457

17,509 1,527

17,275 1,661

22,414 1,938

22,761 2,020

18,381 2,338

16,780 13,167 3,612

136,710 88,069 48,641

217,874 162,540 55,334

280,322 215,688 64,634

303,574 243,434 60,140

235,691 182,310 53,381

212,501 168,825 43,676

211,511 170,649 40,862

213,033 163,535 49,498

.. .. ..

24,178 15,964 44,172 16,477

89,755 184,847 332,042 75,294

275,487 431,347 1,035,888 63,339

384,172 979,783 1,386,518 507,442

402,771 988,354 1,396,143 543,708

379,859 939,826 1,356,086 550,667

368,737 909,996 1,319,488 543,816

405,101 916,336 1,368,253 551,587

459,584 966,872 1,442,070 603,145

.. .. .. ..

15.5 .. .. 10.7 0.9 0.5 63.1 6.2 0.4 2.7

18.1 .. .. 10.9 1.2 0.5 60.7 5.5 0.4 2.7

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

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 8.6 5.3 2.1 11.2 1.1 46.0 11.9 0.0 13.7

.. 7.3 6.2 6.9 3.7 1.7 53.4 11.6 0.1 9.3

.. 9.1 6.0 10.7 2.4 2.0 43.7 15.4 0.5 10.5

.. 8.4 4.1 11.2 1.4 0.5 58.1 8.4 0.4 7.6

.. 6.8 3.3 12.7 1.3 0.4 58.8 8.4 0.4 8.0

.. 5.8 2.9 11.6 1.0 0.4 62.3 7.6 0.4 8.1

.. 5.0 2.6 10.4 0.9 0.4 64.2 7.0 0.4 9.0

5 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

3,325 79,328 18,555 31,099 60,847 1 61,849 8,117 7,350 23,193 393 10,277 6,412 13,616 20,798 137 5,826 4,508 9,783 17,124 257 4,451 1,904 3,833 3,674 71 5,799 1,584 6,973 13,987 38 4,577 1,204 6,297 11,193 33 1,221 381 676 2,794 276 12,628 605 4,826 937 0 2,890 598 531 1,963 0 26,145 4,001 7,892 41,596 0 4,359 3,008 5,345 17,016 8. DEBT STOCK-FLOW RECONCILIATION 113,538 99,093 213,254 23,726 -64,088 94,821 56,232 54,870 15,403 -6,193 623 15,564 5,920 4,170 -7,257 71 5,799 1,584 6,973 13,987 -276 -34,414 -1,598 -7,372 -25,518 -4,652 46,596 29,063 -18,370 -53,084 22,950 9,317 123,417 22,922 13,977 9. AVERAGE TERMS OF NEW COMMITMENTS

23,681 12,295 9,288 6,691 2,596 1,100 884 215 1,653 1,483 18,845 13,639

18,969 2,319 9,117 8,150 966 3,921 3,707 214 5,001 2,230 5,898 4,272

10,421 3,367 5,592 4,963 629 806 682 124 1,846 667 1,084 0

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

-22,034 -3,451 2,573 1,100 -6,859 -40,947 25,552

75,955 8,480 1,265 3,921 -6,628 71,181 -2,265

217,667 59,951 11,069 806 -2,930 87,441 61,329

.. 83,695 .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

117 0 0 0 0 0 0 0 10 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

22,462 6,417 15 0 -10 -421 16,461

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

5.0 21.2 6.5 33.6

9.1 16.0 4.8 10.0

7.0 17.0 5.8 20.4

6.5 12.8 5.7 17.4

6.4 13.7 5.7 20.9

6.9 13.8 7.1 15.5

5.5 14.5 6.4 25.3

5.1 24.1 6.6 29.3

4.8 13.2 7.4 27.3

.. .. .. ..

3.6 28.3 9.1 47.3

5.3 24.3 6.3 34.3

5.5 22.4 6.6 33.2

5.2 16.2 4.5 27.4

4.3 19.8 5.6 37.6

4.9 20.0 5.2 33.5

3.9 21.0 5.4 39.9

3.1 22.7 6.0 46.8

2.9 19.8 5.3 46.0

.. .. .. ..

7.2 9.5 2.4 11.5

11.8 9.9 3.7 -7.8

8.5 11.4 4.9 7.0

7.6 10.1 6.8 9.1

8.1 8.7 5.8 7.2

8.0 10.5 8.1 6.0

6.8 9.3 7.3 13.4

6.7 25.3 7.1 14.5

5.7 9.9 8.4 18.1

.. .. .. ..

94,527 119,958 188,869 147,798 147,823 39,975 61,300 85,389 66,228 51,023 54,552 58,658 103,480 81,570 96,801 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

144,355 64,288 80,067

111,117 50,684 60,432

129,257 42,849 86,408

.. .. ..

11,395 7,053 4,342

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

350.0 2004

2004

2003

2003

2002

2002

200.0

2001

2001

150.0

2000

2000

1999

1999

1998

1998

1997

1997

300.0

250.0

100.0

50.0

0.0 1997

1998

1999

2000

Private flows

2001

2002

2003

Official flows

2004

-50.0

0.0

50.0

100.0

Private non-debt flows

150.0

200.0

250.0

Private debt flows

-20.0

0.0

Multilateral

20.0 Bilateral

40.0 Grants

60.0

6

2/16/05

12:11 PM

EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

8,582 7,092 5,088 2,004 224 .. .. .. .. .. .. .. ..

60,730 45,081 36,330 8,751 1,551 14,098 2 1 1 5 1 4 0

234,081 194,621 172,986 21,635 2,085 37,374 1,885 1,135 751 2,965 1,790 1,175 28,038

533,196 432,749 274,058 158,691 14,511 85,936 2,109 2,051 58 13,337 10,377 2,960 36,193

538,614 448,800 291,475 157,324 16,056 73,759 5,810 2,257 3,553 14,591 11,339 3,252 36,048

500,703 421,092 271,645 149,447 16,452 63,160 5,337 660 4,677 7,415 4,184 3,231 33,857

501,982 397,829 264,367 133,462 13,384 90,769 6,364 688 5,677 7,520 4,290 3,230 32,516

498,246 387,651 266,067 121,584 11,618 98,977 7,319 860 6,459 7,964 4,709 3,255 35,536

525,535 387,943 267,440 120,503 12,131 125,462 8,453 985 7,468 14,824 5,139 9,685 39,340

536,541 380,421 261,955 118,466 10,687 145,433 .. .. .. .. .. .. ..

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,584 1,518 66 618 612 6 966 .. .. 162 0 .. .. .. 774 6 ..

12,795 12,271 524 4,271 4,066 205 11,905 3,380 4,814 3,000 60 1,754 7,091 9,085 7,065 265 1,754

29,504 29,445 58 18,662 17,377 1,286 18,636 7,795 12,509 10,154 245 2,110 6,127 31,172 27,531 1,531 2,110

48,398 41,217 7,181 37,518 37,348 170 -32,462 -43,341 24,426 19,023 361 5,041 -56,887 61,944 56,372 531 5,041

50,908 48,886 2,022 49,204 49,085 118 -12,174 -13,878 24,645 20,239 565 3,841 -36,819 73,848 69,324 683 3,841

41,858 40,365 1,493 47,923 47,655 267 -16,191 -10,126 25,220 20,412 793 4,015 -41,410 73,142 68,067 1,060 4,015

44,739 44,135 604 54,534 51,412 3,121 -9,115 679 22,931 18,799 692 3,440 -32,046 77,465 70,211 3,814 3,440

48,768 47,256 1,513 69,230 64,993 4,237 -13,208 7,254 18,052 14,557 360 3,136 -31,261 87,283 79,550 4,597 3,136

56,507 54,552 1,954 73,462 70,973 2,489 1,722 18,677 18,546 14,745 203 3,598 -16,824 92,008 85,718 2,692 3,598

59,736 59,736 0 62,594 61,293 1,300 17,229 20,087 20,240 16,164 199 3,877 -3,010 82,834 77,458 1,499 3,877

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

1,731 906 201 0 624 386 1,091 640

10,645 8,206 1,369 -4 1,131 1,001 3,515 7,130

25,102 12,069 10,512 440 2,081 2,400 7,922 17,180

60,541 3,869 57,662 -3,449 2,460 2,677 10,130 50,411

54,580 -199 49,950 2,321 2,508 2,657 13,175 41,405

44,220 -7,290 44,245 4,767 2,498 2,905 8,274 35,946

44,493 -7,277 48,237 1,353 2,180 2,721 7,880 36,614

44,140 -17,738 55,645 4,013 2,220 2,874 -2,916 47,056

57,547 -16,421 59,612 11,850 2,506 3,461 -4,502 62,049

78,331 -1,557 63,600 13,550 2,738 3,780 -5,132 83,463

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

1,569 162 0 1,030 539

5,971 3,000 1,675 2,805 3,166

9,789 10,154 5,159 4,250 5,539

16,521 19,023 24,996 4,215 12,307

6,082 20,239 28,259 6,378 -296

-9,967 20,412 33,775 1,004 -10,971

-8,857 18,799 34,552 433 -9,291

-2,560 14,557 32,143 -8,415 5,856

10,408 14,745 32,394 -9,836 20,244

27,766 16,164 34,400 -10,265 38,032

123,552 0 0 0 2,124 0

365,035 33,946 1,079 39,689 30,740 -4,935

1,544,802 643,068 11,189 597,538 284,194 53,606

1,622,895 629,551 12,922 598,822 333,825 39,663

1,782,820 714,577 16,502 665,874 426,472 61,358

2,003,284 875,779 19,707 816,582 566,012 77,985

2,232,757 1,091,059 20,259 1,078,053 758,893 33,545

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

178.9 16.6 26.8 14.2 1.3 50.6 9.3 23.2 19.1 9.0

77.9 32.4 11.4 3.9 1.6 56.8 5.7 12.6 20.8 13.2

79.7 30.9 12.3 3.6 1.4 66.5 6.7 18.1 19.9 13.2

69.7 27.9 12.2 2.5 1.0 85.6 7.7 19.9 21.8 13.3

60.0 26.2 10.5 2.1 0.9 107.7 8.3 23.9 23.1 12.6

49.2 24.0 7.6 1.9 0.9 141.4 8.4 27.1 21.4 12.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

654,855 176,961 3,172 182,848 71,348 -3,156

1,314,813 488,266 9,126 434,122 246,835 59,008

1,432,654 530,544 11,414 477,061 274,780 60,013

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

132.3 35.7 17.6 7.1 1.9 30.5 4.7 16.0 29.4 14.9

109.2 40.6 12.7 5.0 1.9 46.3 6.8 16.1 17.7 11.2

101.5 37.6 13.9 4.6 1.7 51.0 6.9 13.7 20.0 12.0

7 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

7,092 5,088 4,134 451 9 3,683 3,132 954 125 303 525 2,004 0 2,004

45,081 36,330 18,096 5,449 1,193 12,647 10,413 18,235 1,655 9,242 7,338 8,751 0 8,751

194,621 172,986 104,718 34,976 7,347 69,742 61,559 68,268 11,814 35,213 21,240 21,635 160 21,476

434 6

3,229 848

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,518 755 546 68 7 478 424 209 0 89 120 764 0 764

1998

1999

2000

2001

2002

2003

2004

432,749 274,058 164,591 59,636 16,717 104,955 77,530 109,467 33,422 49,528 26,518 158,691 30,571 128,119

448,800 291,475 184,290 64,429 17,725 119,861 90,155 107,186 34,663 38,439 34,083 157,324 29,159 128,165

421,092 271,645 171,797 65,874 17,433 105,923 86,742 99,848 35,943 32,611 31,294 149,447 24,911 124,536

397,829 264,367 167,171 66,245 17,480 100,926 82,448 97,197 36,079 30,964 30,155 133,462 21,642 111,820

387,651 266,067 171,829 66,324 19,677 105,505 89,179 94,238 38,247 27,138 28,853 121,584 19,493 102,091

387,943 267,440 178,627 66,185 22,531 112,442 98,797 88,813 42,167 21,595 25,051 120,503 18,425 102,078

380,421 261,955 168,695 64,503 22,526 104,192 92,503 93,260 51,165 20,628 21,467 118,466 19,511 98,955

20,176 5,130

28,026 12,131

29,757 12,513

30,476 12,520

30,310 12,701

28,656 14,108

26,968 16,119

24,744 16,342

12,271 9,360 3,042 1,231 151 1,811 1,202 6,317 235 3,066 3,016 2,911 0 2,911

29,445 19,604 10,106 4,711 1,030 5,396 4,593 9,498 852 4,090 4,555 9,841 120 9,721

41,217 29,289 15,752 8,058 1,318 7,693 7,078 13,537 2,125 7,484 3,928 11,928 1,059 10,869

48,886 34,285 20,604 7,120 1,125 13,484 10,959 13,681 6,627 2,841 4,213 14,601 795 13,806

40,365 26,919 16,054 6,942 1,173 9,112 7,519 10,865 4,539 2,540 3,786 13,446 1,106 12,341

44,135 24,190 14,337 5,524 1,119 8,813 7,597 9,854 5,117 2,344 2,392 19,945 1,613 18,332

47,256 20,733 10,094 5,231 1,055 4,863 3,920 10,639 7,049 1,628 1,962 26,523 986 25,536

54,552 19,247 9,347 4,900 1,388 4,448 3,684 9,900 5,331 3,825 744 35,305 1,916 33,389

59,736 29,761 9,487 3,188 1,029 6,300 5,562 20,273 13,543 4,864 1,866 29,976 3,538 26,438

57 4

793 92

2,532 604

3,819 920

3,804 705

3,245 700

2,631 732

2,491 651

2,132 944

1,329 697

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

612 228 79 22 0 57 37 150 32 41 76 384 0 384

4,066 2,184 659 157 7 501 260 1,526 41 493 991 1,881 0 1,881

17,377 14,808 4,266 2,032 77 2,234 1,071 10,542 1,925 5,395 3,223 2,569 0 2,569

37,348 17,472 8,081 2,650 138 5,431 4,273 9,390 811 4,988 3,591 19,876 1,722 18,154

49,085 24,983 9,937 2,929 182 7,008 5,508 15,045 4,152 6,878 4,015 24,103 2,383 21,720

47,655 23,442 10,277 4,063 448 6,214 4,806 13,165 1,211 7,159 4,794 24,213 5,168 19,045

51,412 22,443 8,637 3,436 264 5,202 3,608 13,806 2,836 6,976 3,994 28,969 3,491 25,478

64,993 29,762 15,230 7,669 266 7,561 3,628 14,533 4,929 5,453 4,151 35,231 3,006 32,225

70,973 31,397 16,355 7,614 309 8,742 4,935 15,041 2,293 8,987 3,762 39,576 2,982 36,594

61,293 29,980 17,358 5,552 334 11,806 9,302 12,622 2,745 4,560 5,317 31,313 2,452 28,862

22 0

118 2

1,462 19

1,845 68

1,979 89

2,006 107

2,322 132

4,702 162

4,334 199

4,164 222

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

906 526 467 46 7 421 387 59 -32 48 44 380 0 380

8,206 7,175 2,384 1,074 145 1,310 942 4,792 194 2,573 2,025 1,030 0 1,030

12,069 4,796 5,841 2,679 953 3,162 3,522 -1,044 -1,072 -1,305 1,333 7,272 120 7,152

3,869 11,817 7,670 5,408 1,180 2,262 2,805 4,147 1,314 2,496 337 -7,948 -663 -7,285

-199 9,302 10,666 4,191 943 6,476 5,451 -1,364 2,475 -4,037 198 -9,501 -1,588 -7,914

-7,290 3,477 5,777 2,879 724 2,898 2,713 -2,300 3,328 -4,620 -1,008 -10,767 -4,062 -6,705

-7,277 1,747 5,699 2,088 855 3,611 3,989 -3,952 2,281 -4,631 -1,602 -9,024 -1,879 -7,145

-17,738 -9,030 -5,136 -2,438 789 -2,698 292 -3,894 2,121 -3,825 -2,189 -8,708 -2,020 -6,689

-16,421 -12,150 -7,008 -2,714 1,080 -4,294 -1,250 -5,142 3,038 -5,162 -3,018 -4,271 -1,066 -3,205

-1,557 -219 -7,870 -2,364 695 -5,507 -3,740 7,651 10,798 304 -3,451 -1,338 1,086 -2,424

35 4

675 90

1,070 585

1,974 852

1,825 615

1,239 593

309 600

-2,211 489

-2,202 746

-2,835 475

5. LONG-TERM DEBT

8 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

162 94 61 25 0 37 28 32 9 13 10 68 0 68

3,000 2,124 710 354 12 356 208 1,414 88 824 501 876 0 876

10,154 8,864 3,672 2,146 63 1,526 994 5,192 923 2,795 1,474 1,290 2 1,289

19,023 11,790 5,915 2,691 127 3,224 2,282 5,875 1,735 2,154 1,986 7,233 2,053 5,180

20,239 12,314 6,797 3,134 143 3,663 2,486 5,517 2,085 1,886 1,546 7,925 1,986 5,939

20,412 12,872 7,271 3,836 147 3,434 2,216 5,601 2,300 1,895 1,406 7,540 1,942 5,598

18,799 12,914 7,446 4,031 148 3,415 2,147 5,467 2,640 1,647 1,180 5,885 1,610 4,275

14,557 10,034 5,499 3,274 148 2,225 1,553 4,534 2,447 1,094 993 4,523 1,381 3,142

14,745 10,128 5,334 2,576 164 2,758 2,084 4,793 2,829 740 1,224 4,617 1,363 3,255

16,164 10,212 5,133 2,041 172 3,092 2,551 5,079 3,029 630 1,420 5,952 1,392 4,561

25 0

261 6

1,521 34

1,725 77

1,972 85

2,146 87

2,105 87

1,875 94

1,461 104

1,136 117

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

744 433 406 21 7 385 359 27 -41 35 33 312 0 312

5,206 5,052 1,674 719 133 954 734 3,378 106 1,749 1,524 154 0 154

1,914 -4,068 2,169 533 890 1,636 2,528 -6,236 -1,995 -4,100 -141 5,982 118 5,864

-15,155 27 1,755 2,717 1,053 -962 524 -1,728 -421 342 -1,649 -15,181 -2,717 -12,465

-20,438 -3,012 3,870 1,057 800 2,813 2,965 -6,882 390 -5,924 -1,348 -17,426 -3,574 -13,853

-27,702 -9,395 -1,494 -957 578 -537 497 -7,901 1,027 -6,515 -2,413 -18,307 -6,004 -12,303

-26,076 -11,166 -1,747 -1,943 707 196 1,841 -9,419 -359 -6,278 -2,782 -14,909 -3,489 -11,420

-32,294 -19,063 -10,635 -5,712 642 -4,923 -1,261 -8,428 -327 -4,919 -3,182 -13,231 -3,400 -9,831

-31,166 -22,277 -12,342 -5,290 916 -7,052 -3,334 -9,935 209 -5,902 -4,242 -8,888 -2,429 -6,460

-17,722 -10,431 -13,003 -4,405 523 -8,598 -6,291 2,572 7,769 -326 -4,871 -7,290 -305 -6,985

11 4

414 84

-451 551

249 775

-147 530

-907 506

-1,796 514

-4,086 396

-3,663 641

-3,971 358

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

774 322 140 47 0 94 65 182 41 54 87 452 0 452

7,065 4,308 1,369 512 18 857 468 2,940 130 1,317 1,492 2,757 0 2,757

27,531 23,672 7,938 4,178 140 3,760 2,065 15,734 2,847 8,190 4,696 3,859 2 3,857

56,372 29,262 13,997 5,342 265 8,655 6,554 15,265 2,546 7,142 5,577 27,110 3,776 23,334

69,324 37,297 16,734 6,063 325 10,671 7,994 20,563 6,237 8,765 5,561 32,028 4,369 27,659

68,067 36,313 17,548 7,899 595 9,649 7,022 18,766 3,512 9,055 6,200 31,753 7,110 24,643

70,211 35,357 16,084 7,467 412 8,617 5,755 19,273 5,476 8,623 5,174 34,854 5,102 29,753

79,550 39,796 20,729 10,943 413 9,786 5,181 19,067 7,376 6,547 5,144 39,754 4,387 35,367

85,718 41,524 21,690 10,190 473 11,500 7,018 19,835 5,122 9,727 4,986 44,194 4,345 39,848

77,458 40,192 22,491 7,593 506 14,898 11,853 17,701 5,774 5,190 6,737 37,266 3,843 33,422

46 0

379 8

2,983 53

3,570 145

3,950 174

4,152 194

4,427 218

6,577 255

5,795 303

5,300 339

1,225 1,125 100

23,078 17,085 5,992

44,701 33,049 11,652

66,089 61,515 4,574

91,496 86,523 4,973

57,690 51,488 6,203

47,159 44,224 2,935

45,936 42,171 3,765

39,731 36,511 3,220

.. .. ..

3,141 2,009 5,071 2,021

11,607 18,637 36,308 8,774

68,906 72,619 172,520 22,102

94,247 246,418 273,959 158,790

107,880 238,650 291,380 157,419

104,175 231,365 271,360 149,732

99,928 217,380 263,893 133,936

108,856 202,573 265,421 122,230

121,328 195,551 266,106 121,837

.. .. .. ..

6.1 .. .. 26.8 0.4 0.2 57.3 6.6 0.2 2.5

7.2 .. .. 27.8 0.3 0.2 55.8 5.9 0.2 2.5

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

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 7.8 3.9 6.5 5.3 0.8 43.2 8.7 0.0 23.7

.. 6.0 3.9 20.3 1.1 0.7 39.1 19.7 0.0 9.1

.. 3.7 1.7 29.1 1.0 0.9 23.6 22.9 0.1 17.1

.. 2.5 2.1 25.2 0.6 0.2 53.8 8.3 0.2 7.2

.. 2.0 1.5 28.6 0.5 0.2 51.2 8.9 0.2 6.8

.. 1.9 1.4 28.2 0.5 0.2 55.9 7.6 0.2 4.0

.. 1.8 1.3 25.2 0.4 0.2 59.7 6.9 0.2 4.4

9 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

0 1,478 3,905 5,222 2,468 0 0 3,002 3,300 0 0 848 496 1,477 2,268 0 172 307 700 1,541 0 676 189 778 727 0 186 5 0 1 0 107 5 0 1 0 80 0 0 0 41 0 6 0 5 0 0 0 0 1,631 0 1,803 0 1,003 8,759 0 721 0 859 0 8. DEBT STOCK-FLOW RECONCILIATION 12,622 30,302 6,869 5,418 -37,911 11,905 18,636 -32,462 -12,174 -16,191 0 520 226 3,701 -473 0 186 5 0 1 -41 -1,082 -6 -144 -8,763 311 10,348 9,958 6,491 -13,905 447 1,693 29,147 7,544 1,420 9. AVERAGE TERMS OF NEW COMMITMENTS

2,770 0 2,733 1,885 848 0 0 0 0 77 0 0

3,900 1,002 2,441 1,836 604 675 551 124 1 0 0 0

3,032 0 2,515 1,949 566 408 342 66 2 0 0 0

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

1,278 -9,115 1,028 0 0 -13,042 22,408

-3,736 -13,208 955 675 -1 13,164 -5,320

27,289 1,722 1,134 408 -2 16,085 7,942

.. 17,229 .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

0 0 0 0 0 0 0 0 0 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

4,168 966 7 0 0 0 3,195

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

4.5 25.6 6.7 40.5

9.1 16.6 5.1 10.1

6.5 19.5 5.4 24.3

5.0 17.2 4.8 30.0

5.0 17.4 6.1 30.9

5.7 16.2 5.2 25.2

4.6 14.9 5.1 31.2

5.0 15.7 6.9 30.2

4.1 13.4 6.1 31.4

.. .. .. ..

4.0 28.8 7.3 46.5

5.6 23.6 7.1 32.6

4.9 24.6 7.1 38.7

4.4 21.4 6.0 37.9

3.7 22.4 6.1 43.7

3.8 27.1 6.4 46.9

3.4 21.9 5.4 42.7

2.7 25.7 6.6 52.8

2.0 23.9 6.3 56.4

.. .. .. ..

6.9 10.6 4.1 12.6

12.5 9.8 3.1 -12.1

8.3 13.9 3.5 8.1

6.3 9.4 2.6 15.2

6.6 11.4 6.1 15.8

6.9 9.9 4.5 12.4

5.6 8.6 4.9 21.0

6.3 9.8 7.1 16.8

5.1 8.1 6.0 18.6

.. .. .. ..

14,536 23,181 30,551 37,180 26,664 7,204 12,256 19,969 20,139 9,872 7,332 10,924 10,582 17,041 16,792 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

24,673 11,580 13,092

21,246 7,910 13,336

15,932 5,395 10,537

.. .. ..

1,025 843 182

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

100.0 2004

2004

80.0

2003

2003

70.0

2002

2002

2001

2001

2000

2000

30.0

1999

1999

20.0

1998

1998

1997

1997

90.0

60.0 50.0 40.0

10.0 0.0 1997

1998

1999

2000

Private flows

2001

2002

2003

Official flows

2004

-20.0

0.0

20.0

40.0

Private non-debt flows

60.0

80.0

100.0

Private debt flows

-10.0

-5.0

Multilateral

0.0 Bilateral

5.0

10.0 Grants

10

2/16/05

12:12 PM

EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

5,028 3,965 3,069 896 74 .. .. .. .. .. .. .. ..

75,598 56,405 44,865 11,540 2,143 17,051 311 13 298 56 21 35 0

217,224 176,378 171,457 4,921 1,305 39,541 13,041 6,573 6,468 6,324 4,584 1,740 66,598

490,311 387,171 293,548 93,623 27,661 75,480 7,739 5,212 2,527 13,239 8,441 4,798 61,055

503,452 399,888 292,662 107,226 23,862 79,703 10,352 6,485 3,868 14,007 10,766 3,240 57,044

510,796 402,128 283,012 119,115 21,950 86,718 9,047 7,377 1,670 14,674 11,046 3,628 53,583

507,784 397,984 265,421 132,563 27,156 82,644 10,332 8,839 1,493 13,731 10,733 2,998 56,023

560,176 437,776 275,558 162,217 34,245 88,155 6,073 4,496 1,578 8,246 5,461 2,785 60,017

675,998 505,912 299,311 206,601 35,315 134,771 5,969 3,798 2,172 8,055 4,964 3,091 65,540

728,473 530,947 308,398 222,549 31,921 165,605 .. .. .. .. .. .. ..

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,082 1,007 75 584 512 72 497 .. .. 148 0 .. .. .. 660 72 ..

21,285 20,047 1,238 7,186 6,857 329 13,519 -580 5,390 3,409 103 1,879 8,129 12,576 10,266 432 1,879

29,137 28,389 747 19,741 19,009 732 1,699 -7,697 12,146 9,548 128 2,470 -10,447 31,886 28,557 860 2,470

73,490 66,084 7,407 36,190 34,124 2,066 42,967 5,666 20,628 16,759 1,058 2,810 22,340 56,817 50,883 3,124 2,810

66,061 63,254 2,807 48,773 42,877 5,896 18,897 1,610 20,851 16,455 1,013 3,382 -1,953 69,624 59,332 6,910 3,382

64,887 60,518 4,369 53,278 48,200 5,079 19,928 8,320 23,678 18,483 1,080 4,115 -3,750 76,956 66,683 6,159 4,115

78,241 66,091 12,150 70,138 64,050 6,089 2,744 -5,359 25,393 21,479 1,170 2,744 -22,649 95,531 85,529 7,259 2,744

101,396 87,915 13,481 78,317 69,472 8,845 28,018 4,940 23,250 19,722 1,164 2,364 4,768 101,567 89,194 10,009 2,364

119,037 116,548 2,489 94,358 89,875 4,483 56,880 32,201 25,978 21,945 803 3,230 30,902 120,336 111,820 5,286 3,230

111,948 110,093 1,855 84,746 78,477 6,269 56,036 28,834 31,109 25,646 859 4,604 24,928 115,855 104,123 7,129 4,604

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

606 495 58 0 53 47 344 262

13,490 13,190 29 0 272 155 3,612 9,879

11,716 9,380 1,084 89 1,020 421 4,226 7,490

67,461 31,960 26,150 3,967 5,384 4,303 7,546 59,915

58,986 20,377 28,432 1,955 8,222 4,418 10,743 48,243

51,328 12,318 29,154 1,262 8,595 3,056 9,298 42,030

40,947 2,041 31,357 448 7,101 3,544 3,200 37,747

61,949 18,442 35,008 -98 8,596 4,847 6,529 55,420

71,526 26,673 35,614 589 8,650 4,416 4,416 67,110

81,772 31,616 37,600 3,590 8,966 4,577 7,163 74,609

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

458 148 0 270 188

10,050 3,409 31 2,838 7,213

1,950 9,548 218 1,998 -47

45,449 16,759 5,253 2,822 42,627

36,981 16,455 5,551 7,083 29,897

25,275 18,483 7,570 5,301 19,974

9,600 21,479 9,868 -2,839 12,439

28,561 19,722 13,665 1,673 26,888

21,348 21,945 28,233 -758 22,106

25,926 25,646 30,200 1,819 24,108

18,071 0 0 0 440 0

113,382 43,932 2,071 53,091 6,384 -8,275

939,062 417,734 10,994 409,761 128,235 15,671

981,096 439,277 11,443 431,998 140,140 16,898

1,119,018 478,238 11,501 485,101 185,690 3,171

1,369,300 608,205 12,880 624,034 249,234 -4,420

1,631,650 765,797 12,933 800,237 306,096 -56,810

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

172.1 66.7 28.6 12.3 4.8 8.4 1.4 22.6 9.2 5.8

122.3 54.4 18.4 5.7 2.5 25.1 3.8 17.0 4.8 6.9

115.6 51.8 21.7 5.8 2.6 27.6 3.9 16.3 4.5 7.1

117.1 50.1 21.2 4.9 2.1 33.1 4.6 15.7 4.9 7.4

111.1 49.4 19.8 4.3 1.9 36.9 4.8 19.9 4.7 6.7

95.1 44.6 15.1 4.1 1.9 42.0 4.6 22.7 4.3 6.5

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

1,096,995 71,139 3,246 80,064 14,859 -4,262

988,272 368,349 12,830 402,689 105,976 -27,661

864,314 346,120 10,723 357,519 112,778 -4,014

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

305.4 19.8 44.8 17.1 1.1 6.8 2.2 18.2 5.8 7.6

133.1 49.6 15.4 5.6 2.1 21.6 3.2 15.4 4.8 6.7

145.5 58.2 20.1 6.0 2.4 22.4 3.8 15.8 5.1 6.8

11 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3,965 3,069 2,647 634 113 2,013 1,739 422 41 10 371 896 0 896

56,405 44,865 18,580 4,363 242 14,217 6,744 26,284 200 16,733 9,352 11,540 0 11,540

176,378 171,457 63,676 16,604 920 47,072 11,730 107,782 11,889 65,890 30,002 4,921 16 4,905

297 83

3,323 189

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,007 540 480 163 7 317 271 61 0 0 61 466 0 466

1998

1999

2000

2001

2002

2003

2004

387,171 293,548 144,784 32,814 2,854 111,970 20,650 148,763 65,432 64,322 19,009 93,623 5,714 87,909

399,888 292,662 147,539 34,260 3,438 113,279 22,183 145,123 70,241 59,655 15,227 107,226 7,262 99,965

402,128 283,012 144,833 35,102 3,691 109,731 20,587 138,180 93,724 32,463 11,992 119,115 7,698 111,417

397,984 265,421 132,076 36,125 3,854 95,951 19,013 133,345 92,572 29,385 11,388 132,563 7,982 124,580

437,776 275,558 131,157 41,386 4,928 89,771 22,532 144,402 99,993 35,463 8,946 162,217 11,351 150,866

505,912 299,311 140,835 45,093 6,190 95,742 25,898 158,476 110,473 39,846 8,157 206,601 18,544 188,057

530,947 308,398 137,682 47,433 6,740 90,249 24,444 170,716 123,379 41,037 6,300 222,549 34,948 187,601

10,271 157

20,953 1,991

21,753 2,441

22,788 2,667

23,972 2,891

26,484 3,730

26,888 4,589

27,406 5,023

20,047 16,749 5,041 1,023 10 4,018 1,925 11,707 80 5,069 6,559 3,298 0 3,298

28,389 26,628 6,349 2,298 14 4,052 940 20,279 1,959 4,084 14,236 1,761 0 1,761

66,084 39,786 9,726 6,134 576 3,592 1,044 30,060 20,188 6,767 3,105 26,298 2,146 24,152

63,254 27,845 7,676 5,145 712 2,531 1,416 20,169 11,307 6,274 2,589 35,409 1,890 33,519

60,518 26,144 8,104 5,029 469 3,075 1,355 18,040 10,709 6,301 1,030 34,374 1,513 32,861

66,091 18,645 7,068 5,181 459 1,888 806 11,576 7,364 3,377 835 47,446 1,115 46,331

87,915 20,452 6,134 4,180 781 1,955 933 14,317 8,143 5,534 640 67,463 4,113 63,350

116,548 26,776 6,410 4,147 798 2,263 1,587 20,366 14,607 5,105 654 89,772 8,028 81,744

110,093 41,656 10,400 6,571 772 3,829 1,521 31,256 23,188 7,639 429 68,437 17,857 50,580

55 7

833 0

1,218 0

3,354 450

2,635 495

3,102 351

3,182 332

2,171 603

1,445 494

2,747 585

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

512 304 189 81 22 108 47 116 2 2 112 208 0 208

6,857 4,816 1,701 154 2 1,547 532 3,114 15 1,366 1,733 2,041 0 2,041

19,009 17,512 3,143 1,455 23 1,688 434 14,368 66 8,751 5,552 1,497 0 1,497

34,124 23,278 7,564 3,756 131 3,808 824 15,714 6,309 5,351 4,054 10,846 0 10,846

42,877 17,745 5,155 2,106 71 3,048 1,032 12,590 4,811 4,440 3,339 25,132 164 24,968

48,200 20,232 7,400 2,819 32 4,581 2,272 12,832 5,966 4,226 2,640 27,968 958 27,009

64,050 26,185 10,969 3,177 197 7,791 1,403 15,217 6,171 5,998 3,047 37,864 713 37,151

69,472 21,759 8,201 2,913 57 5,288 1,408 13,557 7,424 3,937 2,197 47,714 845 46,869

89,875 30,693 10,643 3,967 44 6,676 1,727 20,050 11,742 5,630 2,678 59,181 1,301 57,880

78,477 28,750 12,203 4,390 35 7,813 1,984 16,547 9,452 4,920 2,175 49,727 1,395 48,332

13 0

133 1

1,133 4

2,275 6

1,258 6

1,357 6

1,407 6

1,804 6

2,678 8

2,749 12

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

495 236 291 82 -15 209 224 -55 -2 -2 -51 259 0 259

13,190 11,933 3,340 869 9 2,471 1,393 8,593 65 3,703 4,825 1,257 0 1,257

9,380 9,117 3,206 843 -10 2,363 507 5,911 1,893 -4,667 8,684 264 0 264

31,960 16,508 2,162 2,379 444 -217 220 14,346 13,879 1,417 -950 15,452 2,146 13,306

20,377 10,100 2,521 3,038 641 -518 384 7,579 6,495 1,834 -751 10,277 1,726 8,551

12,318 5,912 703 2,209 437 -1,506 -918 5,209 4,743 2,076 -1,610 6,406 555 5,851

2,041 -7,541 -3,901 2,003 261 -5,904 -598 -3,640 1,192 -2,621 -2,212 9,582 402 9,180

18,442 -1,307 -2,067 1,266 724 -3,333 -475 760 719 1,598 -1,557 19,749 3,268 16,481

26,673 -3,918 -4,234 180 753 -4,414 -140 316 2,865 -525 -2,024 30,591 6,727 23,864

31,616 12,906 -1,803 2,181 737 -3,984 -463 14,709 13,736 2,720 -1,746 18,710 16,462 2,248

42 7

700 -1

85 -4

1,079 444

1,378 489

1,745 345

1,775 326

366 597

-1,233 486

-2 573

5. LONG-TERM DEBT

12 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

148 115 74 24 2 50 35 40 1 1 38 34 0 34

3,409 2,560 774 298 4 476 157 1,787 36 1,171 580 849 0 849

9,548 9,107 2,228 1,199 39 1,029 246 6,878 737 4,675 1,466 441 1 440

16,759 12,363 4,724 1,790 37 2,933 689 7,639 3,759 2,994 887 4,396 251 4,145

16,455 11,533 3,659 1,845 37 1,815 649 7,874 4,930 2,023 920 4,922 445 4,476

18,483 12,626 3,997 1,901 43 2,097 632 8,629 5,996 1,984 649 5,857 570 5,287

21,479 15,407 6,039 1,894 46 4,145 577 9,368 6,607 2,036 725 6,072 608 5,464

19,722 13,969 4,856 1,586 50 3,270 610 9,113 6,942 1,689 482 5,753 829 4,924

21,945 14,809 5,174 1,549 60 3,625 652 9,635 7,460 1,777 398 7,136 1,890 5,246

25,646 15,725 5,344 1,344 73 4,000 611 10,381 8,306 1,821 255 9,920 2,250 7,671

16 1

257 1

809 1

1,135 11

1,210 15

1,297 19

1,291 20

1,097 23

986 30

774 38

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

346 121 217 57 -17 159 189 -95 -3 -2 -89 225 0 225

9,781 9,372 2,566 571 5 1,995 1,236 6,806 30 2,532 4,245 408 0 408

-168 10 978 -356 -48 1,334 261 -968 1,156 -9,341 7,218 -178 -1 -176

15,201 4,145 -2,562 588 408 -3,150 -469 6,707 10,120 -1,577 -1,836 11,056 1,894 9,162

3,922 -1,434 -1,139 1,194 604 -2,332 -265 -295 1,565 -189 -1,671 5,355 1,281 4,075

-6,165 -6,714 -3,294 309 393 -3,603 -1,550 -3,420 -1,252 92 -2,259 549 -15 564

-19,438 -22,948 -9,940 109 215 -10,049 -1,175 -13,008 -5,415 -4,657 -2,937 3,510 -206 3,716

-1,280 -15,275 -6,923 -319 674 -6,603 -1,085 -8,353 -6,222 -91 -2,039 13,996 2,439 11,557

4,728 -18,727 -9,408 -1,369 693 -8,039 -792 -9,319 -4,595 -2,302 -2,422 23,455 4,837 18,618

5,970 -2,819 -7,147 837 664 -7,984 -1,074 4,328 5,430 899 -2,001 8,789 14,212 -5,423

26 7

443 -2

-724 -5

-56 432

167 474

449 327

484 306

-731 574

-2,219 457

-775 535

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

660 419 263 105 25 158 82 156 3 2 150 241 0 241

10,266 7,376 2,475 452 5 2,023 689 4,901 50 2,537 2,314 2,890 0 2,890

28,557 26,618 5,372 2,654 62 2,718 680 21,247 803 13,426 7,018 1,939 1 1,937

50,883 35,641 12,288 5,546 168 6,742 1,513 23,353 10,068 8,344 4,941 15,242 251 14,991

59,332 29,278 8,814 3,951 108 4,863 1,681 20,464 9,742 6,463 4,259 30,054 609 29,445

66,683 32,858 11,398 4,720 76 6,678 2,904 21,461 11,962 6,210 3,289 33,825 1,528 32,297

85,529 41,593 17,008 5,072 244 11,936 1,981 24,585 12,779 8,034 3,772 43,936 1,321 42,615

89,194 35,727 13,057 4,499 107 8,558 2,018 22,670 14,365 5,625 2,679 53,467 1,674 51,793

111,820 45,503 15,818 5,516 105 10,302 2,379 29,685 19,202 7,407 3,077 66,317 3,191 63,126

104,123 44,475 17,547 5,734 109 11,813 2,595 26,928 17,758 6,740 2,430 59,647 3,645 56,002

29 1

389 3

1,943 5

3,410 17

2,468 21

2,653 24

2,698 26

2,901 30

3,664 38

3,522 50

1,935 1,613 322

13,750 6,155 7,596

17,065 9,220 7,846

34,266 23,743 10,522

36,383 26,655 9,728

30,671 21,185 9,486

27,913 20,311 7,602

28,752 21,522 7,231

32,309 24,768 7,541

.. .. ..

1,851 952 2,842 1,122

6,986 25,866 44,026 12,379

12,651 88,727 170,441 5,937

23,504 233,740 290,625 96,546

25,621 234,630 289,911 109,977

24,278 214,754 280,749 121,378

22,867 217,914 263,398 134,586

27,461 251,665 272,944 164,831

32,088 300,594 296,454 209,458

.. .. .. ..

31.2 .. .. 4.8 0.8 0.3 56.6 5.6 0.0 0.7

35.0 .. .. 4.5 0.7 0.3 54.0 4.8 0.0 0.8

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

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 16.0 2.7 0.1 5.0 1.4 44.7 15.2 0.0 14.9

.. 11.0 9.3 2.4 2.6 4.5 41.8 21.5 0.0 6.8

.. 24.9 5.0 7.6 1.8 6.5 32.4 10.6 0.0 11.1

.. 21.8 2.5 6.3 0.7 0.6 55.2 7.3 0.0 5.6

.. 17.6 2.1 6.4 0.7 0.4 57.7 7.2 0.0 8.0

.. 15.2 2.0 5.9 0.6 0.3 58.8 7.1 0.0 10.0

.. 13.5 1.5 4.9 0.6 0.3 59.5 7.0 0.0 12.8

13 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1,757 3,559 5,641 17,576 29,129 0 0 224 2,080 19,307 20 1,366 3,966 8,154 3,624 17 746 2,875 6,000 2,945 3 620 1,091 2,154 679 8 2,163 530 5,665 4,388 7 1,998 373 5,154 2,220 1 165 158 511 2,168 0 232 41 121 15 0 61 0 0 0 0 1,779 748 154 12,545 0 882 748 30 943 8. DEBT STOCK-FLOW RECONCILIATION 25,389 19,679 99,105 13,141 7,343 13,519 1,699 42,967 18,897 19,928 255 5,213 2,944 2,613 -1,305 8 2,163 530 5,665 4,388 0 -1,129 -41 -245 -11,617 -852 10,086 8,626 -10,801 -9,966 12,459 1,647 44,078 -2,989 5,915 9. AVERAGE TERMS OF NEW COMMITMENTS

3,296 266 2,833 2,406 426 198 162 36 37 3 1,391 315

8,500 976 3,749 3,591 158 1,394 1,391 3 869 85 294 0

2,622 4 2,415 2,409 6 12 12 0 7 81 46 0

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

-3,011 2,744 1,285 198 -1,113 -7,404 1,279

52,392 28,018 -4,259 1,394 -1,163 18,468 9,933

115,822 56,880 -104 12 -53 24,425 35,499

.. 56,036 .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

0 0 0 0 0 0 0 0 0 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

490 497 0 0 0 0 -7

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

4.2 19.2 6.8 37.3

10.2 12.5 4.4 2.1

8.4 11.9 6.1 8.7

7.4 12.0 7.6 11.2

6.4 11.2 4.4 18.6

7.4 11.7 6.6 11.8

5.7 12.1 5.7 24.3

5.3 59.0 5.7 24.9

4.9 10.7 5.4 24.8

.. .. .. ..

3.8 20.1 7.3 40.3

7.5 16.7 5.3 19.6

7.8 13.7 5.9 12.4

5.1 16.9 5.3 28.9

4.5 17.3 4.8 33.4

5.9 17.6 5.5 26.4

4.3 17.9 5.2 35.7

3.0 18.7 5.8 44.7

4.3 16.7 3.6 33.4

.. .. .. ..

6.3 13.4 3.6 18.2

11.2 10.9 4.1 -4.4

8.6 11.1 6.2 7.2

8.2 10.2 8.5 4.7

7.5 7.5 4.2 9.7

8.0 9.2 7.0 5.9

6.9 7.5 6.0 15.2

6.6 80.2 5.7 14.5

5.2 7.9 6.3 20.9

.. .. .. ..

12,696 29,685 41,319 29,289 26,009 3,415 8,771 11,057 10,991 7,551 9,281 20,914 30,262 18,298 18,458 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

19,584 8,677 10,907

20,204 6,980 13,223

30,392 9,457 20,935

.. .. ..

759 654 105

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

90.0 2004

2004

2003

2003

60.0

2002

2002

50.0

2001

2001

40.0

2000

2000

1999

1999

1998

1998

1997

1997

80.0 70.0

30.0 20.0 10.0 0.0 1997

1998

1999

2000

Private flows

2001

2002

2003

Official flows

2004

0.0

10.0

20.0

Private non-debt flows

30.0

40.0

50.0

Private debt flows

-10.0

-5.0

Multilateral

0.0 Bilateral

5.0

10.0 Grants

14

2/16/05

12:13 PM

LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

32,561 27,645 15,772 11,873 128 .. .. .. .. .. .. .. ..

242,835 172,967 130,520 42,447 1,413 68,455 60 16 44 643 78 566 0

444,900 352,971 327,942 25,029 18,298 73,631 25,560 3,858 21,702 24,447 7,374 17,072 70,087

752,228 611,265 391,113 220,152 21,969 118,994 3,112 1,308 1,804 5,637 2,759 2,878 31,315

771,831 642,001 399,620 242,380 20,500 109,330 1,753 1,324 429 5,792 2,960 2,832 29,470

755,142 638,795 397,348 241,447 8,846 107,501 1,480 1,176 304 4,132 2,089 2,042 27,486

749,176 631,777 393,301 238,476 23,901 93,499 1,037 784 254 1,992 1,248 745 24,741

746,225 628,984 403,221 225,763 38,302 78,939 6,479 888 5,591 10,435 1,663 8,773 26,003

779,632 648,564 420,708 227,856 47,758 83,310 13,646 1,127 12,519 19,313 2,476 16,837 26,742

773,457 637,395 441,753 195,642 42,570 93,492 .. .. .. .. .. .. ..

6,576 6,452 124 3,751 3,453 298 2,825 .. .. 1,396 0 .. .. .. 4,849 298 ..

44,392 43,978 415 21,666 21,174 492 45,710 22,983 24,350 17,361 95 6,895 21,359 46,017 38,534 587 6,895

32,573 27,737 4,836 22,109 18,454 3,655 18,116 7,653 21,974 18,129 1,459 2,386 -3,857 44,083 36,583 5,114 2,386

145,844 140,808 5,036 80,225 77,698 2,527 37,310 -28,308 46,311 38,997 828 6,485 -9,000 126,535 116,695 3,355 6,485

128,810 121,043 7,767 108,431 99,771 8,660 12,073 -8,306 51,919 44,726 1,040 6,153 -39,847 160,350 144,497 9,700 6,153

117,752 114,242 3,510 124,560 110,323 14,237 -8,363 -1,556 55,292 47,947 777 6,568 -63,656 179,852 158,270 15,014 6,568

121,317 104,106 17,210 102,372 100,749 1,623 5,385 -13,560 47,380 42,204 608 4,567 -41,994 149,751 142,953 2,231 4,567

97,110 79,467 17,644 95,659 89,894 5,765 -8,550 -10,001 39,562 35,897 1,195 2,471 -48,112 135,221 125,791 6,960 2,471

116,018 91,890 24,129 109,957 91,397 18,559 3,266 -2,796 39,610 36,062 1,323 2,226 -36,344 149,567 127,459 19,882 2,226

83,774 79,806 3,968 84,346 75,755 8,591 2,496 3,068 36,742 33,048 1,370 2,324 -34,246 121,087 108,803 9,960 2,324

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

4,315 2,999 1,182 0 134 258 964 3,351

29,591 22,804 6,361 0 426 757 4,724 24,867

22,217 9,282 8,192 2,464 2,279 1,954 9,022 13,196

138,134 63,110 74,017 -2,170 3,177 2,260 11,576 126,559

108,716 21,272 88,172 -3,624 2,896 2,471 5,375 103,341

84,742 3,920 78,917 -566 2,471 2,933 2,070 82,672

79,288 3,358 70,211 2,509 3,211 3,141 8,031 71,257

39,513 -10,428 45,727 1,444 2,770 3,109 3,868 35,646

43,455 492 36,533 3,376 3,054 3,811 2,369 41,087

48,110 4,050 42,400 -1,535 3,195 3,986 -2,469 50,579

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

2,253 1,396 666 662 1,591

7,011 17,361 5,220 2,948 4,062

-3,441 18,129 7,530 3,524 -6,965

77,684 38,997 21,453 4,310 73,374

46,148 44,726 17,842 -3,352 49,499

13,938 47,947 22,857 -6,512 20,450

15,767 42,204 21,317 22 15,745

-15,537 35,897 19,153 -3,273 -12,264

-16,120 36,062 23,513 -4,345 -11,774

-6,038 33,048 21,100 -7,783 1,745

159,334 4,243 55 4,733 5,444 -541

711,315 126,588 1,921 157,248 57,152 -29,866

1,913,937 466,159 20,185 517,169 160,431 -47,211

1,847,578 448,269 24,153 506,442 162,070 -53,733

1,634,550 447,223 28,079 467,186 164,811 -15,759

1,666,221 487,579 34,390 484,391 200,945 7,829

1,782,502 579,172 36,920 569,925 214,306 18,202

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

191.8 34.1 36.4 19.2 3.4 23.5 4.4 28.2 4.1 5.8

162.0 39.5 38.6 11.9 2.9 21.2 3.7 14.2 4.1 12.3

167.1 40.5 33.4 10.6 2.6 21.6 3.8 12.5 4.0 13.1

166.9 45.7 30.2 8.8 2.4 22.1 4.2 10.6 4.2 13.7

159.9 46.8 30.7 8.1 2.4 25.8 5.0 10.7 4.5 13.9

133.5 43.4 20.9 6.3 2.1 27.7 4.5 12.1 4.6 14.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

1,054,884 185,104 5,761 191,462 58,687 -1,088

1,947,293 375,734 15,946 469,537 166,166 -89,656

1,725,222 392,201 17,742 452,528 158,682 -55,749

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

240.4 42.2 23.8 11.9 2.1 13.2 3.7 16.5 5.4 13.5

200.2 38.6 33.7 12.3 2.4 22.1 4.2 15.8 4.4 11.1

196.8 44.7 40.9 13.2 3.0 20.6 4.2 14.2 4.4 11.9

15 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1970

1980

1990

27,645 15,772 8,125 2,950 305 5,176 3,922 7,647 1,240 3,071 3,336 11,873 0 11,873

172,967 130,520 31,058 14,129 2,353 16,928 7,674 99,463 9,599 76,699 13,166 42,447 0 42,447

352,971 327,942 121,492 59,980 5,892 61,513 18,117 206,450 75,976 101,797 28,677 25,029 171 24,858

2,067 112

7,706 427

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6,452 3,692 1,340 582 76 757 434 2,352 132 1,229 991 2,760 0 2,760

1998

1999

2000

2001

2002

2003

2004

611,265 391,113 139,050 83,818 9,762 55,232 23,404 252,063 204,102 40,130 7,831 220,152 53,999 166,153

642,001 399,620 142,734 91,614 10,449 51,120 23,849 256,886 215,351 32,863 8,672 242,380 58,499 183,882

638,795 397,348 141,299 93,206 10,569 48,092 20,580 256,050 214,730 33,121 8,198 241,447 60,435 181,012

631,777 393,301 138,958 97,931 10,890 41,026 18,846 254,343 212,018 35,698 6,627 238,476 60,918 177,558

628,984 403,221 144,807 102,493 11,727 42,314 19,888 258,415 220,632 32,550 5,232 225,763 58,479 167,284

648,564 420,708 149,116 108,062 13,797 41,054 20,900 271,592 238,074 29,245 4,273 227,856 61,982 165,874

637,395 441,753 146,655 108,203 15,306 38,452 20,637 295,098 255,183 35,831 4,084 195,642 61,480 134,162

34,760 1,117

34,519 2,989

36,097 3,369

37,532 3,387

38,223 3,516

38,091 3,991

37,847 4,614

35,920 4,927

43,978 31,017 6,431 2,967 492 3,464 718 24,586 1,219 19,937 3,430 12,960 0 12,960

27,737 23,035 13,185 8,986 451 4,199 1,946 9,850 1,938 4,803 3,108 4,702 171 4,531

140,808 61,476 22,339 17,541 832 4,798 995 39,137 24,309 13,965 863 79,332 15,985 63,346

121,043 56,834 17,622 14,801 1,029 2,821 1,304 39,212 29,947 6,487 2,777 64,209 10,932 53,277

114,242 56,424 16,483 13,593 695 2,891 1,617 39,940 32,563 6,585 793 57,819 8,312 49,507

104,106 50,940 15,710 12,832 785 2,878 1,109 35,230 26,194 8,310 726 53,167 6,832 46,335

79,467 41,693 16,191 12,052 820 4,140 1,567 25,501 16,697 8,203 601 37,774 4,558 33,216

91,890 51,831 19,168 17,487 1,586 1,681 1,227 32,663 26,144 5,854 665 40,059 9,734 30,325

79,806 55,012 10,844 7,512 983 3,332 1,786 44,168 30,190 13,078 900 24,794 9,645 15,149

354 9

1,586 60

6,139 119

5,769 309

5,485 499

5,609 202

4,857 274

4,390 250

6,376 323

3,324 345

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3,453 1,682 509 171 7 339 119 1,173 77 618 478 1,771 0 1,771

21,174 14,213 2,133 712 37 1,421 369 12,080 401 9,331 2,348 6,960 0 6,960

18,454 16,238 6,442 4,751 148 1,691 184 9,796 2,008 5,214 2,575 2,216 0 2,216

77,698 39,389 13,941 6,170 269 7,771 1,343 25,449 15,331 7,597 2,521 38,309 7,694 30,614

99,771 44,228 15,143 7,783 257 7,360 1,488 29,085 13,666 13,499 1,920 55,543 7,899 47,644

110,323 52,274 16,885 9,820 264 7,065 1,275 35,390 26,718 7,081 1,591 58,048 8,849 49,200

100,749 47,974 10,890 6,374 256 4,516 1,266 37,084 24,348 10,374 2,362 52,775 5,865 46,909

89,894 44,000 15,093 9,723 242 5,371 1,491 28,906 13,800 12,874 2,232 45,895 7,670 38,224

91,397 48,950 19,854 15,080 317 4,774 1,464 29,096 17,640 9,859 1,597 42,448 5,370 37,078

75,755 35,909 16,508 10,959 401 5,549 1,697 19,402 11,990 6,345 1,066 39,846 10,148 29,698

105 0

395 2

3,310 9

3,641 18

3,833 15

3,811 18

3,843 12

4,921 20

7,119 22

5,485 47

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2,999 2,010 830 412 69 419 316 1,180 55 612 513 989 0 989

22,804 16,804 4,298 2,255 455 2,043 349 12,506 819 10,605 1,082 6,000 0 6,000

9,282 6,796 6,743 4,235 302 2,507 1,763 54 -70 -410 534 2,486 171 2,315

63,110 22,087 8,399 11,371 563 -2,973 -348 13,688 8,978 6,368 -1,658 41,023 8,291 32,732

21,272 12,606 2,479 7,018 772 -4,539 -185 10,127 16,281 -7,011 857 8,666 3,034 5,633

3,920 4,150 -401 3,773 432 -4,174 341 4,551 5,845 -496 -798 -230 -537 307

3,358 2,965 4,820 6,458 530 -1,638 -158 -1,855 1,847 -2,065 -1,636 392 966 -574

-10,428 -2,307 1,098 2,329 578 -1,231 76 -3,405 2,897 -4,671 -1,631 -8,121 -3,112 -5,008

492 2,881 -685 2,407 1,270 -3,093 -238 3,567 8,504 -4,005 -932 -2,389 4,365 -6,753

4,050 19,102 -5,664 -3,447 581 -2,217 89 24,766 18,199 6,732 -166 -15,052 -503 -14,549

249 9

1,192 58

2,829 110

2,127 291

1,652 484

1,798 184

1,014 261

-531 230

-743 301

-2,161 299

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

16 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,396 767 302 157 7 145 75 465 72 228 165 628 0 628

17,361 12,932 1,776 1,001 49 775 201 11,156 727 9,446 983 4,429 0 4,429

18,129 15,867 5,498 4,125 103 1,373 135 10,369 2,398 6,696 1,275 2,262 0 2,262

38,997 23,355 7,266 4,500 168 2,765 834 16,089 13,269 2,273 548 15,642 4,228 11,414

44,726 26,817 8,727 6,081 154 2,646 751 18,090 14,973 2,635 481 17,910 4,791 13,119

47,947 29,905 8,582 6,354 165 2,228 667 21,323 17,250 3,276 796 18,043 5,193 12,849

42,204 24,715 8,009 6,236 128 1,773 605 16,706 12,402 3,481 822 17,490 5,373 12,116

35,897 22,039 7,141 5,494 122 1,647 549 14,898 11,313 3,299 285 13,858 4,296 9,562

36,062 22,229 6,714 5,281 173 1,432 531 15,515 12,200 3,124 191 13,833 4,313 9,520

33,048 21,103 5,313 3,984 199 1,329 522 15,790 13,900 1,716 174 11,945 4,237 7,708

114 1

633 3

2,538 8

2,115 18

2,476 15

2,810 17

2,827 12

2,298 18

1,898 21

1,414 33

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,603 1,243 528 254 62 274 241 715 -17 383 348 360 0 360

5,443 3,872 2,522 1,254 407 1,268 148 1,350 92 1,160 99 1,571 0 1,571

-8,846 -9,071 1,245 111 199 1,134 1,628 -10,316 -2,468 -7,107 -741 224 171 53

24,113 -1,268 1,133 6,871 395 -5,738 -1,182 -2,401 -4,291 4,096 -2,206 25,381 4,063 21,317

-23,454 -14,211 -6,248 937 618 -7,185 -936 -7,963 1,308 -9,647 376 -9,243 -1,757 -7,486

-44,028 -25,755 -8,983 -2,581 266 -6,402 -326 -16,772 -11,406 -3,772 -1,594 -18,272 -5,730 -12,542

-38,847 -21,749 -3,189 222 402 -3,411 -762 -18,560 -10,555 -5,546 -2,458 -17,097 -4,407 -12,690

-46,325 -24,346 -6,043 -3,165 455 -2,878 -473 -18,303 -8,417 -7,970 -1,916 -21,979 -7,409 -14,570

-35,569 -19,348 -7,399 -2,874 1,097 -4,525 -769 -11,949 -3,696 -7,130 -1,123 -16,221 52 -16,273

-28,997 -2,001 -10,977 -7,431 383 -3,546 -433 8,976 4,300 5,016 -339 -26,997 -4,740 -22,257

135 8

559 55

291 102

12 273

-824 469

-1,012 167

-1,813 249

-2,829 212

-2,641 280

-3,575 266

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4,849 2,449 812 328 14 484 193 1,638 149 846 643 2,400 0 2,400

38,534 27,145 3,909 1,713 85 2,196 570 23,236 1,128 18,777 3,331 11,389 0 11,389

36,583 32,105 11,940 8,875 252 3,064 319 20,165 4,406 11,910 3,849 4,478 0 4,478

116,695 62,744 21,206 10,670 436 10,536 2,177 41,538 28,599 9,870 3,069 53,951 11,922 42,029

144,497 71,044 23,870 13,864 411 10,006 2,240 47,174 28,639 16,134 2,401 73,453 12,690 60,763

158,270 82,179 25,467 16,174 429 9,293 1,942 56,712 43,968 10,357 2,387 76,091 14,042 62,049

142,953 72,689 18,899 12,610 383 6,289 1,871 53,790 36,750 13,856 3,184 70,264 11,239 59,025

125,791 66,038 22,234 15,217 364 7,017 2,041 43,804 25,113 16,174 2,517 59,753 11,967 47,786

127,459 71,179 26,567 20,361 490 6,206 1,995 44,612 29,840 12,983 1,788 56,280 9,682 46,598

108,803 57,012 21,821 14,943 600 6,878 2,219 35,191 25,890 8,061 1,240 51,791 14,385 37,406

219 1

1,028 5

5,848 17

5,757 36

6,309 30

6,621 35

6,670 24

7,219 38

9,017 43

6,899 80

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

5,229 3,262 1,967

35,865 20,707 15,158

46,011 31,386 14,624

95,993 64,365 31,627

95,435 67,361 28,074

79,624 51,141 28,483

68,365 44,566 23,799

65,006 43,870 21,136

69,837 37,873 31,964

.. .. ..

4,227 12,501 15,276 12,369

10,027 117,262 124,749 48,218

24,009 196,142 324,572 28,399

33,166 390,632 386,685 224,580

34,298 411,672 395,046 246,955

31,149 390,597 394,585 244,210

29,736 378,247 391,142 240,634

31,615 363,639 400,772 228,213

34,696 363,170 417,822 230,742

.. .. .. ..

12.0 .. .. 5.7 0.5 0.2 76.0 5.2 0.1 0.3

12.2 .. .. 5.2 0.4 0.2 76.9 4.7 0.1 0.2

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

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 7.8 2.3 0.1 4.6 1.9 63.0 16.9 0.0 3.5

.. 6.1 2.0 4.9 1.5 1.3 70.1 10.5 0.0 3.7

.. 6.3 3.9 6.2 1.6 0.9 59.5 18.8 0.0 2.7

.. 5.8 1.8 6.4 1.1 0.4 72.7 7.5 0.0 4.3

.. 4.5 1.4 6.8 0.9 0.3 73.5 6.9 0.0 5.8

.. 3.8 1.0 6.5 0.6 0.2 74.5 6.2 0.0 7.0

.. 3.2 1.0 5.9 0.5 0.2 76.2 5.7 0.1 7.3

17 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1,124 63,739 4,978 1,194 5,167 1 59,026 4,459 582 3,783 104 3,055 105 387 852 0 1,533 99 370 734 104 1,522 6 17 118 0 1,507 457 98 236 0 960 307 91 217 0 547 150 7 18 28 180 230 170 98 0 259 25 29 20 0 21,301 2,903 5,915 19,728 0 2,756 2,158 4,131 15,851 8. DEBT STOCK-FLOW RECONCILIATION 45,363 19,982 81,827 19,603 -16,689 45,710 18,116 37,310 12,073 -8,363 -20 9,065 335 -1,358 -273 0 1,507 457 98 236 -28 -18,724 -975 -1,954 -3,975 -891 11,548 5,885 -5,622 -10,127 593 -1,530 38,815 16,367 5,815 9. AVERAGE TERMS OF NEW COMMITMENTS

369 158 1,186 167 1,020 150 81 69 243 388 15,065 13,282

126 0 61 59 3 42 41 1 382 202 4,553 3,820

3,492 3,076 80 80 0 31 31 0 336 193 11 0

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

-5,966 5,385 -443 150 -2,025 -7,544 -1,490

-2,951 -8,550 5,441 42 -1,115 15,476 -14,246

33,407 3,266 7,167 31 -347 18,000 5,290

.. 2,496 .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

117 0 0 0 0 0 0 0 6 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

17,407 2,825 0 0 -6 -50 14,638

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

7.0 14.4 3.6 16.7

11.4 11.6 4.2 -5.4

7.9 15.1 5.1 12.3

7.6 10.2 5.1 9.0

8.1 10.3 6.3 8.8

8.3 12.6 9.0 5.3

6.6 12.1 7.2 15.6

6.0 13.6 7.4 21.1

5.7 11.8 9.0 20.7

.. .. .. ..

6.0 23.4 5.5 27.5

7.8 17.2 4.5 15.0

7.0 18.1 5.0 18.8

6.4 9.1 2.5 12.1

5.6 14.5 4.8 24.7

5.9 12.6 3.1 18.7

5.2 15.5 3.8 25.6

4.0 17.6 4.4 35.2

3.1 13.2 4.3 37.6

.. .. .. ..

7.7 8.9 2.4 10.1

12.9 9.3 4.0 -13.7

9.1 11.1 5.3 3.6

8.5 11.1 7.3 6.4

9.5 7.9 7.2 -0.3

9.4 12.6 11.6 -0.3

7.3 10.2 9.1 10.3

7.5 10.6 9.7 10.8

6.5 11.4 10.5 15.4

.. .. .. ..

33,868 26,139 87,676 57,693 63,520 9,739 14,921 40,117 21,081 18,951 24,129 11,218 47,559 36,612 44,569 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

66,518 23,270 43,248

36,563 15,357 21,205

61,100 14,659 46,441

.. .. ..

4,380 1,649 2,731

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

160.0 2004

2004

2003

2003

2002

2002

2001

2001

2000

2000

1999

1999

1998

1998

1997

1997

140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 1997

1998

1999

2000

Private flows

2001

2002

2003

Official flows

2004

-20.0

0.0

20.0

40.0

Private non-debt flows

60.0

80.0

100.0

Private debt flows

-15.0

-10.0 Multilateral

-5.0

0.0 Bilateral

5.0

10.0 Grants

15.0

18

2/16/05

12:15 PM

MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

4,822 4,167 4,152 15 100 .. .. .. .. .. .. .. ..

64,482 54,538 53,943 595 916 9,028 391 391 0 114 108 6 0

139,555 118,044 116,626 1,418 1,815 19,696 2,878 1,647 1,231 8,187 3,579 4,608 49,584

160,930 135,903 128,891 7,012 2,954 22,072 2,381 2,232 149 9,167 8,082 1,086 26,575

155,795 129,661 122,678 6,983 2,901 23,233 2,548 2,402 146 10,217 9,122 1,096 24,237

144,554 121,209 114,680 6,529 2,542 20,803 2,666 2,523 143 11,095 10,033 1,062 22,875

142,141 121,473 114,908 6,564 2,340 18,329 2,722 2,580 142 11,679 10,619 1,060 21,161

150,180 129,471 123,016 6,455 2,219 18,490 2,807 2,658 150 12,542 11,456 1,086 23,269

158,827 136,712 129,966 6,747 1,831 20,284 2,784 2,625 159 12,794 11,676 1,118 25,613

155,469 133,544 125,980 7,564 1,387 20,537 .. .. .. .. .. .. ..

891 853 38 413 382 31 478 .. .. 100 0 .. .. .. 482 31 ..

11,786 11,435 350 5,021 4,789 233 7,971 1,207 4,216 3,315 32 868 3,755 9,238 8,104 265 868

13,324 13,258 65 12,618 12,221 397 2,330 1,625 5,980 4,578 180 1,221 -3,649 18,598 16,799 577 1,221

10,855 10,404 451 10,598 10,104 494 3,600 3,343 6,907 5,807 127 974 -3,308 17,506 15,911 621 974

9,674 9,173 501 13,630 13,150 480 -2,963 993 6,493 5,378 111 1,005 -9,456 20,123 18,528 591 1,005

9,629 9,605 24 11,592 11,354 238 -4,511 -2,548 6,213 5,164 130 919 -10,724 17,805 16,518 368 919

12,862 12,698 165 10,186 9,908 278 146 -2,530 5,771 4,959 104 708 -5,625 15,958 14,868 382 708

14,074 13,976 99 12,080 11,684 396 2,070 76 5,759 5,171 60 527 -3,689 17,839 16,855 456 527

12,127 12,127 0 14,640 14,080 560 -696 1,817 6,179 5,546 35 598 -6,875 20,819 19,626 595 598

16,701 16,701 0 16,981 16,560 421 -64 216 5,436 4,829 25 583 -5,501 22,418 21,389 446 583

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

963 471 112 -1 382 263 574 389

12,674 6,647 1,456 0 4,571 985 9,221 3,453

9,879 1,037 741 5 8,096 2,516 9,560 319

7,114 300 3,146 206 3,463 1,626 1,937 5,177

3,111 -3,977 3,741 644 2,703 2,110 187 2,924

5,813 -1,749 4,264 243 3,055 1,583 513 5,300

10,607 2,789 5,723 -123 2,217 1,881 1,164 9,444

8,295 2,292 3,808 -233 2,428 2,166 175 8,120

6,497 -1,953 4,755 100 3,594 2,176 1,649 4,848

8,361 141 4,100 160 3,960 2,398 1,745 6,616

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

864 100 0 509 354

8,169 3,315 1,189 8,448 -279

4,297 4,578 1,004 7,483 -3,186

-415 5,807 1,722 -1,856 1,441

-4,357 5,378 2,090 -3,234 -1,123

-1,969 5,164 2,617 -2,608 640

3,093 4,959 2,554 -1,785 4,879

98 5,171 3,026 -2,980 3,078

-2,549 5,546 3,499 -1,627 -922

732 4,829 2,800 -612 1,344

20,775 0 211 0 1,668 0

168,080 64,435 5,304 66,314 34,142 -2,818

374,131 136,040 12,329 110,385 51,587 13,051

399,985 136,326 14,400 116,803 60,868 6,748

388,869 146,215 14,822 127,290 74,163 6,077

432,312 170,373 16,083 145,885 97,676 6,585

460,481 209,878 16,954 165,740 110,124 6,489

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

100.1 38.4 14.3 6.5 2.5 52.9 6.2 14.0 27.7 8.6

106.3 38.6 13.1 4.6 1.7 35.7 5.6 14.4 39.8 16.2

104.3 35.5 11.7 4.2 1.4 42.8 6.3 12.9 39.2 16.3

102.7 38.6 12.2 3.9 1.5 49.4 7.0 12.3 38.5 16.2

93.2 36.7 12.2 3.6 1.4 61.5 8.0 12.8 38.4 16.8

74.1 33.8 10.7 2.6 1.2 70.8 8.0 13.2 39.1 16.6

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

232,814 88,821 11,711 84,060 17,195 6,910

343,882 97,886 12,474 105,459 48,123 -12,886

345,505 114,394 12,153 103,491 47,185 1,795

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

157.1 59.9 20.9 6.7 2.6 12.3 2.5 14.1 31.2 11.2

164.4 46.8 17.9 7.1 2.0 29.9 5.5 13.7 38.5 15.1

136.2 45.1 17.6 5.7 1.9 30.3 5.5 14.9 39.3 15.6

19 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

4,167 4,152 3,043 172 32 2,871 2,466 1,108 38 56 1,014 15 0 15

54,538 53,943 27,520 5,524 2,535 21,996 15,330 26,424 720 10,395 15,309 595 0 595

118,044 116,626 71,057 15,606 3,573 55,451 40,018 45,569 1,683 15,236 28,650 1,418 0 1,418

139 32

2,384 669

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

853 845 420 32 8 388 255 425 5 17 403 8 0 8

1998

1999

2000

2001

2002

2003

2004

135,903 128,891 100,928 24,315 7,102 76,613 54,806 27,963 4,967 11,055 11,941 7,012 785 6,227

129,661 122,678 95,390 24,299 7,583 71,090 53,597 27,289 6,693 10,528 10,067 6,983 771 6,212

121,209 114,680 88,169 23,387 7,840 64,782 49,651 26,511 7,600 10,163 8,748 6,529 836 5,693

121,473 114,908 85,931 23,187 8,109 62,744 47,606 28,977 11,640 9,131 8,207 6,564 936 5,628

129,471 123,016 89,130 24,393 8,550 64,737 49,205 33,886 16,335 8,865 8,686 6,455 801 5,654

136,712 129,966 94,323 26,740 9,696 67,584 51,274 35,643 17,466 8,404 9,773 6,747 796 5,951

133,544 125,980 91,665 25,808 10,055 65,856 50,769 34,316 18,294 6,279 9,743 7,564 1,396 6,168

8,300 1,774

8,823 2,559

8,371 2,698

7,667 2,685

7,293 2,680

7,502 2,916

7,827 3,196

7,134 3,263

11,435 11,182 5,559 705 182 4,854 3,449 5,623 66 1,711 3,845 254 0 254

13,258 13,169 5,721 2,380 242 3,341 1,864 7,448 0 727 6,721 89 0 89

10,404 7,452 3,807 2,550 816 1,257 906 3,645 1,450 956 1,238 2,952 0 2,952

9,173 8,043 3,920 2,766 922 1,154 885 4,123 1,480 1,011 1,632 1,130 146 984

9,605 8,192 3,344 1,867 526 1,477 781 4,848 2,031 1,377 1,440 1,413 115 1,298

12,698 11,220 3,740 2,449 790 1,291 904 7,480 4,853 1,010 1,617 1,478 200 1,278

13,976 12,210 3,339 2,390 569 950 731 8,871 6,070 1,359 1,441 1,766 140 1,626

12,127 10,445 4,427 3,469 1,272 958 751 6,018 2,675 1,164 2,179 1,682 160 1,522

16,701 13,058 5,228 2,954 1,039 2,275 1,696 7,829 3,540 2,172 2,117 3,644 750 2,894

23 8

421 82

1,164 37

610 180

990 207

532 118

707 118

501 155

577 148

386 164

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

382 379 228 16 0 212 137 152 3 2 146 3 0 3

4,789 4,675 909 202 6 707 386 3,766 33 1,424 2,309 114 0 114

12,221 12,044 4,257 1,304 141 2,954 1,597 7,787 76 1,956 5,754 177 0 177

10,104 9,302 5,333 1,983 305 3,349 1,325 3,969 10 1,187 2,772 803 100 703

13,150 10,937 6,436 2,042 304 4,394 1,309 4,501 44 1,578 2,880 2,213 160 2,053

11,354 10,579 5,885 2,036 377 3,849 1,499 4,694 896 1,474 2,324 775 50 725

9,908 8,843 4,794 2,096 405 2,698 1,674 4,049 574 1,448 2,027 1,065 100 965

11,684 9,686 5,592 2,667 441 2,925 1,884 4,093 925 1,526 1,643 1,998 275 1,723

14,080 12,499 6,372 3,293 572 3,079 1,845 6,127 1,981 2,356 1,790 1,581 165 1,416

16,560 14,374 7,443 3,769 581 3,675 1,956 6,931 2,614 2,156 2,160 2,186 150 2,036

16 0

140 1

761 14

936 36

945 40

872 45

832 54

854 61

958 68

1,078 67

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

471 466 193 16 8 176 118 273 2 15 257 5 0 5

6,647 6,507 4,650 503 175 4,147 3,064 1,857 34 286 1,537 140 0 140

1,037 1,125 1,464 1,076 101 388 267 -338 -76 -1,229 967 -88 0 -88

300 -1,850 -1,526 566 511 -2,092 -419 -324 1,440 -230 -1,533 2,150 -100 2,250

-3,977 -2,894 -2,516 724 618 -3,239 -424 -378 1,436 -566 -1,248 -1,084 -14 -1,070

-1,749 -2,388 -2,541 -169 149 -2,373 -718 154 1,135 -97 -884 639 65 574

2,789 2,377 -1,054 354 386 -1,407 -770 3,431 4,279 -439 -410 413 100 313

2,292 2,524 -2,253 -278 128 -1,975 -1,154 4,777 5,145 -166 -201 -232 -135 -97

-1,953 -2,054 -1,945 176 699 -2,121 -1,093 -109 694 -1,192 389 101 -5 106

141 -1,316 -2,215 -815 458 -1,400 -260 899 926 15 -43 1,458 600 858

8 8

281 81

403 24

-325 144

46 167

-339 73

-125 63

-353 94

-381 80

-692 98

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

20 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

100 99 65 9 0 56 42 34 2 0 32 1 0 1

3,315 3,266 773 238 19 534 331 2,493 71 1,330 1,092 50 0 50

4,578 4,474 2,077 860 56 1,217 438 2,397 124 851 1,422 104 0 104

5,807 5,417 3,793 1,320 184 2,473 1,012 1,624 241 504 878 390 77 312

5,378 5,066 3,422 1,387 185 2,034 838 1,644 353 604 687 312 69 243

5,164 4,852 3,122 1,306 188 1,815 756 1,730 474 657 599 313 69 244

4,959 4,664 2,949 1,218 244 1,731 797 1,716 750 493 473 295 77 218

5,171 4,949 3,155 1,223 217 1,932 1,104 1,794 1,101 324 370 222 83 139

5,546 5,306 3,275 1,131 248 2,144 1,374 2,031 1,372 314 345 240 73 167

4,829 4,285 2,357 977 273 1,380 617 1,928 1,311 298 318 544 87 457

9 0

198 5

598 12

582 18

617 19

603 20

535 20

454 21

392 22

302 26

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

371 367 128 7 8 120 76 239 -1 14 225 4 0 4

3,331 3,241 3,877 265 156 3,612 2,733 -636 -38 -1,044 445 90 0 90

-3,541 -3,349 -613 216 45 -829 -171 -2,735 -201 -2,080 -455 -192 0 -192

-5,507 -7,267 -5,319 -754 327 -4,565 -1,430 -1,948 1,198 -735 -2,411 1,760 -177 1,937

-9,355 -7,959 -5,937 -663 434 -5,274 -1,262 -2,022 1,083 -1,171 -1,935 -1,396 -83 -1,313

-6,913 -7,239 -5,663 -1,475 -40 -4,188 -1,474 -1,576 660 -754 -1,483 326 -4 330

-2,170 -2,288 -4,002 -865 142 -3,138 -1,567 1,715 3,529 -931 -882 118 23 94

-2,879 -2,425 -5,408 -1,500 -90 -3,908 -2,257 2,983 4,044 -490 -571 -454 -218 -236

-7,499 -7,360 -5,220 -955 451 -4,265 -2,467 -2,140 -678 -1,506 44 -139 -78 -61

-4,688 -5,601 -4,572 -1,792 186 -2,780 -877 -1,029 -385 -283 -361 914 513 400

-1 8

83 76

-195 11

-907 126

-571 148

-942 54

-659 43

-806 73

-773 57

-995 72

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

482 479 292 25 0 268 179 186 6 3 178 3 0 3

8,104 7,941 1,682 440 25 1,242 717 6,259 104 2,754 3,401 164 0 164

16,799 16,518 6,334 2,164 197 4,170 2,035 10,184 201 2,807 7,176 281 0 281

15,911 14,719 9,126 3,304 489 5,822 2,337 5,593 252 1,691 3,650 1,192 177 1,015

18,528 16,003 9,858 3,429 489 6,428 2,147 6,145 397 2,182 3,566 2,525 229 2,297

16,518 15,431 9,007 3,342 566 5,665 2,254 6,424 1,371 2,130 2,923 1,087 119 969

14,868 13,507 7,742 3,314 649 4,429 2,471 5,765 1,324 1,941 2,499 1,360 177 1,184

16,855 14,635 8,747 3,890 659 4,857 2,988 5,888 2,026 1,849 2,012 2,220 358 1,862

19,626 17,805 9,647 4,424 820 5,223 3,218 8,158 3,353 2,670 2,135 1,821 238 1,583

21,389 18,659 9,800 4,746 854 5,054 2,573 8,859 3,925 2,455 2,478 2,730 237 2,493

24 0

338 6

1,359 26

1,518 54

1,562 59

1,475 65

1,366 74

1,307 82

1,350 90

1,380 93

1,915 1,541 374

28,078 16,007 12,071

32,228 19,167 13,060

22,956 17,349 5,606

25,474 19,196 6,278

23,504 17,161 6,342

23,508 17,213 6,294

24,165 17,770 6,395

23,567 18,565 5,001

.. .. ..

2,498 41 4,129 37

17,865 10,209 53,797 741

43,591 29,736 116,461 1,583

61,907 43,084 128,473 7,430

61,179 38,960 122,283 7,378

57,491 35,515 114,317 6,893

55,715 34,162 114,619 6,854

57,755 35,101 122,708 6,762

60,970 36,517 129,647 7,065

.. .. .. ..

23.9 .. .. 9.6 1.3 1.1 51.1 3.3 0.3 9.4

28.6 .. .. 10.4 1.4 1.2 45.8 2.8 0.4 9.4

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

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 7.7 18.6 0.0 4.1 1.1 33.0 3.1 0.0 32.5

.. 7.3 11.4 6.5 1.5 1.4 52.4 5.3 0.0 14.1

.. 7.7 13.6 7.3 1.7 1.0 44.8 8.7 0.5 14.7

.. 6.6 12.2 9.7 1.0 0.7 49.9 4.9 0.3 14.7

.. 5.7 10.8 11.6 1.0 0.7 49.4 4.6 0.4 15.8

.. 5.4 10.3 10.7 0.9 0.8 50.5 4.4 0.4 16.6

.. 5.1 9.1 9.4 1.3 0.9 52.2 3.9 0.4 17.6

21 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

0 4,565 1,025 425 340 0 2,732 0 0 0 0 1,039 797 274 210 0 679 252 150 167 0 359 545 125 43 0 219 86 97 73 0 137 59 66 55 0 82 27 31 19 2 10,614 24 12 179 0 2,481 1 0 0 0 0 0 0 120 0 0 0 0 85 8. DEBT STOCK-FLOW RECONCILIATION 13,570 -3,780 9,633 -5,134 -11,241 7,971 2,330 3,600 -2,963 -4,511 68 -1,485 134 167 118 0 219 86 97 73 -2 -10,614 -24 -12 -214 -868 5,333 3,855 -3,471 -4,080 6,401 437 1,982 1,047 -2,628 9. AVERAGE TERMS OF NEW COMMITMENTS

1,186 142 485 464 21 174 139 34 116 0 79 35

290 0 121 101 20 106 76 31 1 0 66 0

564 0 255 234 21 176 126 51 58 5 8 0

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

-2,413 146 56 174 -161 -3,543 915

8,038 2,070 86 106 -67 7,564 -116

8,648 -696 -23 176 -66 8,800 455

.. -64 .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

0 0 0 0 0 0 0 0 0 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

-923 478 4 0 0 -1 -1,404

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

4.6 18.6 6.2 33.5

6.5 18.4 4.7 23.7

7.4 13.6 4.0 15.7

5.2 14.1 4.8 27.4

5.1 14.0 4.3 27.0

5.9 13.0 4.8 22.8

5.7 12.7 5.3 23.1

5.2 12.2 4.0 26.0

3.3 14.3 5.1 34.5

.. .. .. ..

3.7 23.6 8.4 43.6

4.7 24.1 5.9 38.8

5.5 21.5 6.3 32.4

3.8 20.2 5.6 41.2

3.8 19.1 4.9 39.6

4.6 18.6 5.3 34.3

3.8 19.7 4.7 38.7

3.2 17.2 4.7 39.3

3.3 17.8 4.7 40.0

.. .. .. ..

6.3 9.4 2.0 14.7

8.6 11.5 3.3 5.6

8.8 7.7 2.3 3.4

6.8 7.8 4.0 13.2

6.4 9.1 3.7 14.6

7.0 8.4 4.4 13.4

6.8 8.5 5.6 13.7

6.3 9.5 3.5 19.0

3.3 10.7 5.5 29.0

.. .. .. ..

11,657 15,436 6,781 11,011 10,665 6,363 6,575 3,427 5,437 4,816 5,294 8,861 3,353 5,573 5,850 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

13,297 4,999 8,298

12,634 4,359 8,275

9,068 4,510 4,558

.. .. ..

1,207 785 422

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

12.0

10.0

8.0

2004

2004

2003

2003

2002

2002

2001

2001

2000

2000

1999

1999

1998

1998

1997

1997

6.0

4.0

2.0

0.0 1997

1998

1999

2000

Private flows

2001

2002

2003

Official flows

2004

-2.0

0.0

2.0

Private non-debt flows

4.0 Private debt flows

6.0

-6.0

-4.0 Multilateral

-2.0

0.0 Bilateral

2.0

4.0 Grants

6.0

22

2/16/05

12:16 PM

SOUTH ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

12,270 11,721 11,616 105 124 .. .. .. .. .. .. .. ..

36,619 31,663 31,306 357 2,507 2,448 0 0 0 0 0 0 0

124,396 107,527 105,800 1,727 4,537 12,331 17 7 11 34 34 1 9,370

157,625 148,064 136,857 11,206 2,461 7,101 340 162 178 810 529 281 5,638

161,985 152,644 142,266 10,378 2,323 7,018 141 18 123 261 46 215 6,149

160,012 152,042 136,634 15,408 1,918 6,052 112 14 98 222 34 188 6,759

156,246 149,093 134,931 14,161 2,178 4,976 115 33 82 246 80 165 6,009

170,213 160,519 144,613 15,906 2,416 7,277 126 37 90 277 98 179 6,465

182,785 173,031 155,235 17,796 2,586 7,168 0 0 0 4 4 0 7,544

184,717 175,852 156,440 19,412 2,383 6,483 .. .. .. .. .. .. ..

1,578 1,568 10 786 525 260 792 .. .. 291 0 .. .. .. 816 260 ..

6,146 4,499 1,647 1,537 1,211 326 5,654 1,045 1,186 833 61 291 4,468 2,723 2,045 387 291

12,098 10,223 1,875 5,259 4,104 1,155 8,389 1,550 6,048 4,596 249 1,202 2,341 11,306 8,700 1,404 1,202

15,437 15,124 313 9,351 8,613 738 4,746 -1,340 6,374 5,844 63 467 -1,627 15,724 14,457 801 467

9,779 9,168 611 9,364 8,668 696 532 117 5,284 4,920 59 305 -4,752 14,648 13,588 755 305

14,188 13,993 195 9,784 9,301 483 3,466 -938 5,655 5,273 58 323 -2,189 15,439 14,574 541 323

8,890 8,249 641 8,708 8,399 310 -897 -1,078 5,162 4,895 61 206 -6,059 13,870 13,294 371 206

10,802 10,334 468 12,652 12,241 411 440 2,290 5,052 4,782 48 222 -4,612 17,704 17,023 459 222

13,537 12,886 650 17,511 16,808 703 -3,958 17 7,323 7,097 31 195 -11,280 24,834 23,905 734 195

15,206 14,809 397 10,623 10,052 571 4,370 -214 5,744 5,607 20 117 -1,374 16,367 15,659 590 117

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

1,361 1,043 68 0 250 113 1,267 95

6,288 3,288 195 0 2,806 666 5,042 1,247

8,985 6,119 536 1 2,330 1,494 6,856 2,129

11,546 6,511 3,548 -627 2,115 1,116 4,884 6,663

8,225 500 3,069 2,382 2,274 1,156 4,865 3,360

12,576 4,692 3,270 2,512 2,102 1,099 2,875 9,701

10,207 -150 4,413 2,783 3,161 1,094 4,984 5,223

6,498 -1,906 4,779 1,089 2,537 1,271 47 6,451

13,363 -3,922 5,163 8,199 3,923 1,539 2,219 11,143

23,070 4,757 6,500 7,465 4,348 1,706 6,114 16,956

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

1,070 291 0 1,024 46

5,421 833 34 4,419 1,003

4,273 4,596 117 4,677 -404

4,485 5,844 1,218 2,518 1,967

2,195 4,920 1,111 2,458 -263

4,668 5,273 2,635 610 4,058

1,876 4,895 3,436 2,916 -1,040

-1,467 4,782 3,183 -2,078 611

2,369 7,097 3,897 378 1,991

12,863 5,607 4,600 4,245 8,618

79,702 0 121 0 1,355 0

231,574 23,723 5,296 29,913 14,464 -4,070

596,470 103,067 16,017 117,025 47,146 -5,978

616,103 107,477 15,959 114,863 57,376 1,041

648,180 129,374 22,152 125,872 85,337 8,221

757,624 153,257 26,787 145,786 122,255 11,925

822,250 163,853 32,666 174,482 143,188 -2,014

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

154.4 15.8 11.5 5.0 0.5 39.5 5.8 6.7 73.3 25.1

155.3 26.8 15.0 5.5 0.9 29.5 4.8 3.8 50.2 38.1

145.4 25.4 12.9 4.8 0.8 36.7 6.0 3.2 51.3 38.8

131.6 26.3 13.7 3.9 0.8 50.1 8.1 4.3 51.8 37.1

119.3 24.1 16.2 4.8 1.0 66.9 10.1 3.9 52.7 36.4

112.7 22.5 10.0 3.5 0.7 77.5 9.8 3.5 52.2 35.9

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

397,190 41,056 5,572 53,116 8,258 -9,701

538,753 83,755 13,350 96,483 37,382 -9,486

574,757 91,356 15,084 100,901 42,720 -5,218

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

303.0 31.3 27.5 14.7 1.5 6.6 1.9 9.9 54.5 30.6

188.2 29.3 18.8 7.6 1.2 23.7 4.6 4.5 51.7 37.9

177.3 28.2 16.0 5.8 0.9 26.4 5.1 4.3 55.2 38.9

23 SOUTH ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

11,721 11,616 10,911 2,205 1,347 8,706 7,913 705 14 54 637 105 0 105

31,663 31,306 28,900 9,200 7,697 19,700 19,135 2,406 2 1,670 734 357 0 357

107,527 105,800 81,496 38,068 26,757 43,427 41,070 24,304 2,613 16,811 4,880 1,727 0 1,727

852 1,347

1,242 7,065

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,568 1,540 1,391 198 84 1,192 1,075 150 0 16 134 28 0 28

1998

1999

2000

2001

2002

2003

2004

148,064 136,857 102,164 59,788 42,924 42,376 38,583 34,694 6,796 22,837 5,061 11,206 3,691 7,515

152,644 142,266 110,993 63,038 45,355 47,955 44,047 31,274 6,460 20,124 4,690 10,378 2,919 7,458

152,042 136,634 100,763 61,027 44,401 39,736 35,911 35,872 10,903 22,690 2,279 15,408 1,560 13,848

149,093 134,931 98,926 60,665 44,447 38,261 35,665 36,006 10,789 23,468 1,748 14,161 1,313 12,849

160,519 144,613 103,856 63,125 49,958 40,731 38,161 40,757 10,497 28,579 1,682 15,906 1,183 14,723

173,031 155,235 111,258 66,513 54,546 44,745 41,821 43,977 7,619 34,843 1,515 17,796 996 16,800

175,852 156,440 111,366 66,292 54,213 45,075 42,200 45,074 8,520 34,993 1,561 19,412 3,338 16,074

9,646 21,071

11,188 31,377

11,182 32,131

10,210 31,963

9,832 32,909

7,848 36,501

6,833 40,109

6,890 41,092

4,499 4,203 3,161 1,372 1,138 1,789 1,588 1,042 0 797 245 297 0 297

10,223 9,970 6,904 4,402 2,327 2,501 1,939 3,066 427 2,072 567 252 0 252

15,124 13,930 7,724 4,081 2,497 3,643 2,945 6,206 4,299 1,225 681 1,194 300 894

9,168 8,615 6,948 4,313 2,345 2,635 1,864 1,667 0 887 780 553 0 553

13,993 13,407 6,126 4,344 2,387 1,782 1,327 7,281 5,512 940 829 586 0 586

8,249 7,676 6,700 4,883 3,123 1,818 1,554 976 0 683 294 573 0 573

10,334 9,525 5,916 4,438 2,904 1,478 1,258 3,609 0 3,481 128 809 240 569

12,886 8,225 6,204 4,274 2,297 1,930 1,845 2,022 1,348 450 223 4,661 206 4,455

14,809 10,228 7,152 3,438 2,450 3,714 3,213 3,076 1,250 1,472 353 4,581 2,442 2,139

108 84

190 928

1,576 1,558

664 1,598

1,078 1,522

866 1,655

873 2,194

681 2,248

810 1,725

480 1,922

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

525 500 374 64 0 310 219 126 3 11 111 26 0 26

1,211 1,113 925 135 23 790 716 188 0 44 145 98 0 98

4,104 3,745 2,378 1,009 239 1,369 1,225 1,367 280 371 716 359 0 359

8,613 7,996 4,955 1,978 626 2,977 2,561 3,041 264 962 1,815 617 149 468

8,668 7,099 4,357 2,243 711 2,115 1,597 2,742 436 1,158 1,149 1,569 765 804

9,301 8,594 5,353 2,827 800 2,526 1,919 3,241 50 2,843 348 707 35 672

8,399 7,546 4,877 2,515 889 2,362 1,922 2,669 86 1,941 642 853 90 763

12,241 11,233 8,406 6,427 957 1,979 1,572 2,827 320 2,261 246 1,008 370 638

16,808 13,915 7,907 5,195 1,110 2,712 2,302 6,007 4,299 1,551 157 2,893 320 2,573

10,052 7,226 5,386 3,124 981 2,262 1,727 1,840 344 1,202 294 2,826 100 2,726

64 0

99 19

553 151

1,049 420

1,134 489

1,232 548

965 636

3,283 691

2,148 803

668 653

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,043 1,041 1,017 134 84 882 856 24 -3 4 23 2 0 2

3,288 3,089 2,236 1,236 1,115 999 872 854 0 753 100 199 0 199

6,119 6,225 4,526 3,393 2,088 1,133 714 1,700 147 1,701 -149 -107 0 -107

6,511 5,934 2,769 2,103 1,872 666 384 3,165 4,035 263 -1,133 577 151 426

500 1,516 2,591 2,071 1,635 520 268 -1,075 -436 -271 -369 -1,016 -765 -251

4,692 4,813 773 1,517 1,587 -744 -592 4,040 5,462 -1,903 482 -121 -35 -86

-150 130 1,823 2,368 2,233 -545 -367 -1,693 -86 -1,258 -349 -280 -90 -190

-1,906 -1,708 -2,490 -1,988 1,947 -501 -314 782 -320 1,220 -118 -199 -130 -69

-3,922 -5,689 -1,704 -921 1,187 -782 -457 -3,986 -2,950 -1,101 66 1,767 -114 1,881

4,757 3,002 1,766 314 1,469 1,452 1,486 1,236 906 270 60 1,756 2,342 -587

44 84

91 909

1,023 1,407

-384 1,178

-56 1,033

-366 1,107

-92 1,558

-2,602 1,557

-1,338 921

-188 1,269

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

24 SOUTH ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

291 285 243 57 9 185 144 42 1 3 38 6 0 6

833 802 623 179 53 444 414 179 0 123 56 31 0 31

4,596 4,448 2,179 1,065 198 1,114 952 2,269 180 1,806 283 148 0 148

5,844 5,210 2,366 1,360 327 1,006 747 2,844 130 2,340 374 634 267 366

4,920 4,117 2,407 1,465 368 942 730 1,710 287 1,132 292 802 245 557

5,273 4,364 2,265 1,367 361 898 686 2,099 210 1,781 109 909 227 683

4,895 4,335 2,068 1,283 361 785 609 2,267 407 1,763 97 560 214 346

4,782 4,468 2,125 1,227 387 898 748 2,343 396 1,897 49 314 164 150

7,097 6,440 1,842 940 418 901 802 4,598 1,430 3,139 29 657 51 606

5,607 4,879 1,868 766 384 1,103 959 3,011 323 2,639 49 728 128 600

48 9

104 47

752 149

723 224

699 235

614 236

528 238

468 254

283 282

217 259

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

752 756 774 77 75 697 712 -18 -4 1 -15 -4 0 -4

2,455 2,288 1,613 1,058 1,062 555 457 675 0 631 44 167 0 167

1,523 1,777 2,346 2,328 1,890 18 -238 -569 -33 -105 -431 -255 0 -255

667 724 403 743 1,544 -341 -362 321 3,905 -2,077 -1,507 -57 -117 60

-4,420 -2,602 184 606 1,267 -421 -462 -2,786 -722 -1,403 -661 -1,818 -1,010 -808

-581 450 -1,492 151 1,226 -1,642 -1,277 1,941 5,253 -3,684 373 -1,031 -262 -769

-5,045 -4,205 -245 1,085 1,872 -1,330 -977 -3,960 -493 -3,021 -446 -840 -304 -536

-6,688 -6,175 -4,615 -3,215 1,560 -1,400 -1,062 -1,561 -717 -677 -167 -513 -294 -219

-11,019 -12,129 -3,545 -1,862 769 -1,684 -1,259 -8,584 -4,380 -4,240 36 1,110 -165 1,275

-849 -1,877 -102 -451 1,086 349 527 -1,775 583 -2,369 11 1,028 2,215 -1,186

-4 75

-13 862

270 1,257

-1,107 954

-755 798

-979 872

-620 1,320

-3,070 1,303

-1,621 640

-405 1,011

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

816 784 616 121 9 495 364 168 4 15 149 32 0 32

2,045 1,915 1,548 314 76 1,234 1,130 367 0 166 201 129 0 129

8,700 8,193 4,557 2,074 438 2,483 2,177 3,635 460 2,177 998 507 0 507

14,457 13,206 7,321 3,338 953 3,983 3,307 5,885 394 3,302 2,189 1,251 417 834

13,588 11,217 6,764 3,708 1,078 3,056 2,327 4,452 722 2,290 1,441 2,371 1,010 1,361

14,574 12,957 7,617 4,193 1,161 3,424 2,605 5,340 260 4,624 456 1,617 262 1,355

13,294 11,881 6,945 3,798 1,250 3,147 2,531 4,936 493 3,704 739 1,413 304 1,108

17,023 15,701 10,531 7,653 1,343 2,878 2,320 5,170 717 4,158 295 1,322 534 788

23,905 20,354 9,749 6,135 1,528 3,614 3,103 10,605 5,729 4,690 187 3,551 371 3,180

15,659 12,105 7,255 3,889 1,365 3,365 2,687 4,851 667 3,841 343 3,553 227 3,326

112 9

203 66

1,306 300

1,771 644

1,833 724

1,845 784

1,493 874

3,750 945

2,431 1,085

885 911

3,742 3,348 394

15,150 13,802 1,348

43,521 39,358 4,163

39,085 28,830 10,255

35,997 26,397 9,600

26,904 24,949 1,955

27,096 24,728 2,369

28,360 26,724 1,636

27,426 26,393 1,033

.. .. ..

9,259 105 11,164 557

26,832 1,008 31,140 523

67,827 14,678 107,656 -128

81,506 35,399 136,453 11,611

89,402 34,686 141,513 11,131

80,312 40,206 135,871 16,171

80,113 36,136 134,264 14,828

88,119 34,923 144,010 16,509

96,367 37,382 154,819 18,212

.. .. .. ..

6.3 .. .. 14.4 2.4 0.3 61.8 12.1 1.5 1.3

6.2 .. .. 15.4 2.0 0.2 63.7 9.7 1.5 1.3

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

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 9.3 1.4 5.3 21.7 0.4 41.1 9.2 0.0 11.5

.. 8.7 2.4 9.2 18.4 0.3 42.9 7.6 1.1 10.3

.. 6.2 1.7 12.5 5.0 0.5 54.1 14.3 3.3 4.8

.. 4.8 1.6 15.6 3.0 0.3 52.9 17.8 1.7 2.6

.. 4.2 1.4 17.3 2.7 0.2 52.9 17.6 1.5 2.2

.. 3.5 1.4 14.5 2.8 0.3 58.0 16.1 1.5 2.0

.. 2.8 1.6 13.3 2.6 0.3 59.9 14.3 1.5 3.6

25 SOUTH ASIA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

0 0 0 3,421 918 0 0 0 615 29 0 0 0 2,158 653 0 0 0 1,453 575 0 0 0 705 78 0 0 0 625 236 0 0 0 508 200 0 0 0 118 37 10 0 0 2 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 4,935 13,104 8,014 4,360 -1,974 5,654 8,389 4,746 532 3,466 -1 5 230 -199 -29 0 0 0 625 236 -10 0 0 -2 -9 -1,211 1,586 807 1,799 -8,295 504 3,125 2,231 1,605 2,656 9. AVERAGE TERMS OF NEW COMMITMENTS

13,268 11,395 1,325 1,187 138 129 109 20 0 0 0 0

157 0 0 0 0 146 145 0 0 0 0 0

10 0 0 0 0 7 7 0 108 13 0 0

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

-3,765 -897 3 129 0 -5,342 2,342

13,966 440 12 146 0 7,802 5,567

12,573 -3,958 -126 7 -108 9,599 7,160

.. 4,370 .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

0 0 0 0 0 0 0 0 1 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

227 792 -2 0 -1 -338 -224

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

2.5 32.5 9.7 51.6

4.7 32.5 7.4 46.4

4.7 24.2 7.8 40.2

3.4 14.0 6.0 34.6

3.4 24.3 6.3 46.7

4.6 12.9 5.3 27.7

3.1 23.3 6.3 48.2

2.2 24.9 7.2 56.3

1.5 25.5 7.1 61.4

.. .. .. ..

2.2 34.8 10.5 55.9

2.2 39.0 8.6 59.4

3.7 28.9 8.1 51.0

3.7 27.7 7.5 49.4

3.2 27.1 7.1 51.6

5.0 23.4 6.3 36.5

2.8 25.5 7.0 52.6

2.1 26.5 7.4 58.7

1.3 27.4 7.3 65.0

.. .. .. ..

5.9 11.7 2.6 12.5

12.8 10.9 3.6 2.6

6.8 14.8 7.1 18.8

3.3 6.3 5.1 26.4

4.7 9.0 2.1 19.8

4.3 5.3 4.6 21.2

4.7 9.4 2.0 20.6

2.8 6.7 4.1 28.2

3.5 8.3 5.1 27.3

.. .. .. ..

8,492 14,012 15,860 5,781 12,922 6,537 9,323 5,670 4,895 5,459 1,955 4,689 10,190 887 7,463 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

10,493 9,039 1,454

8,617 7,930 687

5,340 4,828 512

.. .. ..

2,136 1,928 207

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

25.0

20.0

2004

2004

2003

2003

2002

2002

2001

2001

2000

2000

1999

1999

1998

1998

1997

1997

15.0

10.0

5.0

0.0 1997

1998

1999

2000

Private flows

2001

2002

2003

Official flows

2004

-5.0

0.0

5.0

Private non-debt flows

10.0

15.0

Private debt flows

-4.0

-2.0 Multilateral

0.0

2.0 Bilateral

4.0 Grants

6.0

26

2/16/05

12:17 PM

SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

6,921 6,059 5,751 309 106 .. .. .. .. .. .. .. ..

60,660 46,483 41,916 4,567 3,033 11,144 1,713 1,609 104 1,730 1,039 691 0

176,878 149,684 144,408 5,276 6,612 20,582 9,359 6,419 2,940 17,820 9,895 7,925 50,690

228,623 178,808 170,530 8,277 7,387 42,428 20,245 17,126 3,119 43,194 34,576 8,618 35,284

214,960 166,858 156,466 10,391 7,124 40,979 19,491 16,547 2,944 38,239 29,963 8,276 34,823

211,343 171,488 160,112 11,376 6,739 33,116 14,197 11,759 2,438 25,874 19,598 6,276 32,709

203,187 165,149 152,736 12,413 6,323 31,715 14,842 12,338 2,504 26,533 20,042 6,492 31,409

211,432 175,440 162,955 12,485 7,009 28,984 13,873 11,341 2,531 23,993 17,460 6,533 36,182

231,360 193,052 177,429 15,623 7,244 31,064 16,894 14,314 2,580 27,277 20,309 6,968 35,944

218,405 182,632 164,588 18,044 6,932 28,841 .. .. .. .. .. .. ..

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,259 1,240 19 452 389 63 859 .. .. 193 0 .. .. .. 582 63 ..

11,784 10,567 1,217 3,172 2,788 384 10,063 1,451 3,506 2,380 103 1,022 6,557 6,678 5,169 487 1,022

10,366 9,706 660 5,582 4,631 951 7,062 2,278 5,306 4,362 238 705 1,756 10,888 8,993 1,189 705

8,507 7,706 801 9,323 8,219 1,104 -1,293 -477 5,012 3,792 65 1,155 -6,304 14,335 12,012 1,168 1,155

8,587 8,075 512 8,933 8,374 560 -962 -616 4,692 3,481 54 1,157 -5,654 13,625 11,854 614 1,157

9,396 8,872 525 8,884 8,422 462 -523 -1,035 4,467 3,310 43 1,114 -4,989 13,351 11,732 505 1,114

9,583 8,993 590 9,253 8,776 477 -1,715 -2,045 3,690 2,995 35 660 -5,405 12,943 11,771 512 660

10,972 9,748 1,224 9,500 8,741 759 -290 -1,762 3,472 2,844 143 485 -3,762 12,971 11,584 902 485

12,344 11,945 399 8,668 8,218 449 2,736 -941 3,544 3,085 28 430 -808 12,211 11,303 478 430

13,413 12,949 464 11,366 10,937 429 3,629 1,581 3,869 3,373 17 479 -240 15,235 14,310 446 479

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

1,688 851 110 -1 396 637 889 799

11,518 7,778 178 3 3,616 2,676 7,193 4,325

18,006 5,074 1,008 393 11,931 5,003 16,554 1,452

25,219 -513 6,957 8,652 10,123 3,867 10,928 14,291

27,712 -299 9,065 9,031 9,915 3,349 10,285 17,428

20,931 450 6,339 4,157 9,986 3,698 10,575 10,356

24,199 218 14,891 -952 10,042 3,993 10,195 14,004

23,246 1,007 8,985 -367 13,620 4,551 15,655 7,591

36,156 3,727 10,099 699 21,631 5,194 22,949 13,208

41,048 2,012 11,300 3,520 24,216 5,814 25,573 15,475

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

1,494 193 356 775 719

6,307 2,380 3,837 6,504 -197

11,744 4,362 2,861 13,847 -2,102

17,389 3,792 4,039 8,887 8,502

18,932 3,481 5,299 8,379 10,553

9,879 3,310 7,743 8,770 1,108

14,488 2,995 6,715 8,589 5,899

12,171 2,844 8,231 14,231 -2,060

23,255 3,085 9,816 21,471 1,784

26,575 3,373 11,100 24,038 2,537

61,106 4,298 22 5,608 3,085 -1,289

256,518 88,020 1,396 88,473 22,950 513

304,528 116,929 4,923 119,530 36,774 -4,214

303,288 114,922 4,901 121,316 37,030 -5,743

304,880 121,956 5,158 125,026 37,849 -3,241

398,698 144,439 6,013 150,098 41,442 -5,848

442,698 175,479 6,104 176,853 52,039 66,219

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

68.9 23.6 7.6 4.0 1.4 37.8 3.1 18.4 27.1 12.5

180.7 69.4 11.4 3.8 1.5 17.4 3.7 15.7 39.0 25.9

176.8 67.0 11.3 3.2 1.2 18.2 3.7 15.6 39.6 26.8

173.4 69.3 10.6 2.8 1.1 17.9 3.6 13.7 43.2 28.8

160.2 58.0 8.5 2.5 0.9 17.9 3.3 13.4 49.3 29.8

124.5 49.3 8.7 2.2 0.9 23.8 3.5 13.2 50.8 32.3

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

278,919 79,713 1,767 85,668 15,363 -375

307,409 92,494 4,321 115,066 28,984 -15,660

304,139 99,508 4,743 112,341 30,421 -8,107

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

221.9 63.4 13.7 6.7 1.9 8.7 2.2 11.6 33.1 21.6

247.2 74.4 15.5 5.4 1.6 12.7 3.0 18.6 39.3 24.9

216.0 70.7 13.7 4.7 1.5 14.2 3.2 19.1 39.3 26.1

27 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6,059 5,751 4,183 869 240 3,314 2,961 1,567 352 128 1,086 309 0 309

46,483 41,916 25,729 7,597 3,986 18,132 12,452 16,387 637 7,371 8,379 4,567 0 4,567

149,684 144,408 108,704 38,149 24,009 70,555 34,494 35,703 301 14,012 21,391 5,276 0 5,276

587 226

2,548 2,578

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,240 1,139 662 150 72 512 440 477 12 16 448 101 0 101

1998

1999

2000

2001

2002

2003

2004

178,808 170,530 138,327 56,954 45,008 81,373 44,832 32,203 8,322 9,789 14,092 8,277 1,036 7,241

166,858 156,466 128,068 56,012 45,336 72,056 39,054 28,398 8,566 8,837 10,995 10,391 645 9,746

171,488 160,112 134,188 54,669 45,335 79,520 37,120 25,923 9,150 8,670 8,104 11,376 1,360 10,016

165,149 152,736 128,576 54,386 46,271 74,190 34,108 24,160 9,248 7,278 7,634 12,413 2,557 9,857

175,440 162,955 138,130 60,927 52,774 77,204 38,521 24,824 10,693 7,071 7,060 12,485 3,823 8,662

193,052 177,429 152,327 68,854 60,269 83,473 53,866 25,102 10,974 7,795 6,334 15,623 8,180 7,443

182,632 164,588 144,640 70,544 62,855 74,096 48,105 19,948 8,728 5,405 5,814 18,044 8,816 9,228

9,160 15,756

4,945 33,040

4,169 33,452

3,473 33,621

2,900 34,524

2,721 39,368

2,674 45,216

2,433 46,841

10,567 9,384 4,242 1,677 860 2,565 1,694 5,142 52 2,297 2,793 1,183 0 1,183

9,706 9,075 7,172 4,534 2,762 2,638 2,086 1,903 0 378 1,525 630 0 630

7,706 6,735 4,282 3,408 2,939 874 604 2,453 0 1,634 819 971 373 598

8,075 7,136 3,824 3,131 2,742 693 589 3,312 1,627 1,450 235 939 0 939

8,872 6,753 3,866 3,184 2,827 682 561 2,887 765 1,764 358 2,119 712 1,407

8,993 6,865 3,785 3,316 3,139 469 346 3,080 1,222 1,302 556 2,129 1,250 879

9,748 8,174 4,602 3,989 3,757 613 540 3,572 2,472 1,015 85 1,574 1,554 20

11,945 7,726 4,281 3,892 3,489 389 340 3,445 1,414 1,850 181 4,219 4,174 45

12,949 8,491 4,597 4,169 3,871 428 467 3,894 1,000 2,734 159 4,458 786 3,672

75 61

400 424

808 2,027

159 2,099

89 1,968

75 2,193

56 2,442

55 2,860

71 2,744

32 2,633

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

389 332 169 33 0 136 110 162 27 10 126 57 0 57

2,788 2,196 664 198 30 467 211 1,532 24 693 814 592 0 592

4,631 4,166 2,549 1,347 269 1,201 311 1,617 31 999 587 466 0 466

8,219 6,815 3,477 1,846 511 1,631 1,203 3,337 123 2,177 1,038 1,405 0 1,405

8,374 5,306 3,454 1,855 541 1,600 1,084 1,852 92 1,367 393 3,068 358 2,710

8,422 7,020 3,276 1,593 513 1,683 772 3,744 480 2,449 815 1,402 0 1,402

8,776 7,125 3,632 1,271 448 2,361 853 3,493 489 2,104 900 1,650 45 1,605

8,741 5,825 2,567 1,449 540 1,119 642 3,258 941 1,461 856 2,915 350 2,565

8,218 6,160 2,964 1,249 450 1,714 916 3,197 778 1,452 966 2,058 250 1,808

10,937 8,805 3,240 1,269 440 1,971 1,228 5,566 3,211 1,856 499 2,132 151 1,981

29 0

111 5

719 51

741 184

685 230

550 226

437 244

459 304

391 223

322 539

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

851 807 493 117 72 376 331 314 -14 6 322 44 0 44

7,778 7,188 3,577 1,479 830 2,098 1,482 3,611 28 1,604 1,979 590 0 590

5,074 4,910 4,624 3,187 2,493 1,437 1,775 286 -31 -621 938 165 0 165

-513 -80 805 1,562 2,428 -757 -599 -885 -123 -543 -219 -434 373 -807

-299 1,830 370 1,277 2,201 -907 -494 1,461 1,535 83 -158 -2,129 -358 -1,771

450 -267 590 1,591 2,314 -1,001 -212 -857 285 -685 -457 717 712 5

218 -261 153 2,045 2,691 -1,892 -507 -413 733 -802 -344 478 1,205 -727

1,007 2,349 2,035 2,541 3,217 -506 -103 314 1,531 -446 -771 -1,341 1,204 -2,545

3,727 1,566 1,317 2,643 3,039 -1,325 -576 248 635 398 -785 2,162 3,924 -1,762

2,012 -315 1,357 2,900 3,431 -1,543 -761 -1,672 -2,211 878 -339 2,326 635 1,691

45 61

289 419

89 1,976

-582 1,915

-596 1,739

-475 1,967

-381 2,198

-404 2,557

-320 2,522

-289 2,094

5. LONG-TERM DEBT

28 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

193 178 113 35 1 79 61 64 11 8 45 16 0 16

2,380 1,930 689 286 29 403 209 1,241 13 786 442 451 0 451

4,362 4,031 2,707 1,110 162 1,597 560 1,324 13 616 695 331 0 331

3,792 3,454 2,041 1,012 300 1,030 631 1,413 542 474 397 338 41 297

3,481 3,168 1,906 988 319 918 442 1,263 549 341 373 312 73 239

3,310 2,904 1,805 829 299 976 302 1,099 561 305 233 406 41 365

2,995 2,511 1,605 621 255 984 290 905 435 276 194 484 98 386

2,844 2,310 1,424 878 413 546 274 886 500 199 187 533 160 373

3,085 2,439 1,477 749 350 728 338 962 589 223 150 646 338 308

3,373 2,575 1,535 637 366 899 1,003 1,040 580 302 158 797 389 408

32 1

217 16

649 97

331 202

294 219

213 199

184 200

200 285

113 238

74 326

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

658 630 380 82 71 297 269 250 -25 -2 277 28 0 28

5,398 5,258 2,888 1,194 801 1,695 1,274 2,370 15 818 1,537 140 0 140

712 878 1,916 2,077 2,331 -161 1,215 -1,038 -44 -1,236 243 -166 0 -166

-4,306 -3,534 -1,236 551 2,128 -1,787 -1,229 -2,298 -665 -1,017 -615 -771 332 -1,104

-3,779 -1,338 -1,536 289 1,882 -1,825 -937 198 986 -258 -531 -2,441 -431 -2,010

-2,860 -3,171 -1,215 762 2,015 -1,977 -513 -1,956 -276 -991 -690 311 671 -360

-2,778 -2,772 -1,453 1,424 2,436 -2,876 -798 -1,319 298 -1,078 -539 -6 1,107 -1,113

-1,836 39 610 1,662 2,804 -1,052 -377 -572 1,031 -645 -958 -1,875 1,043 -2,918

642 -874 -160 1,893 2,688 -2,053 -914 -714 46 175 -935 1,516 3,586 -2,070

-1,361 -2,890 -178 2,264 3,064 -2,442 -1,764 -2,711 -2,791 577 -497 1,529 246 1,282

14 60

72 403

-560 1,879

-913 1,714

-890 1,520

-687 1,768

-565 1,998

-604 2,271

-433 2,283

-363 1,768

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

582 510 283 68 1 215 171 227 38 18 171 72 0 72

5,169 4,126 1,354 483 59 870 420 2,772 37 1,479 1,257 1,043 0 1,043

8,993 8,197 5,256 2,457 431 2,799 871 2,941 44 1,615 1,282 796 0 796

12,012 10,269 5,519 2,858 811 2,661 1,833 4,750 665 2,651 1,434 1,742 41 1,702

11,854 8,474 5,360 2,842 860 2,518 1,526 3,114 641 1,708 765 3,380 431 2,949

11,732 9,924 5,081 2,422 812 2,659 1,074 4,843 1,041 2,755 1,047 1,808 41 1,767

11,771 9,636 5,237 1,892 703 3,345 1,144 4,399 924 2,380 1,095 2,135 143 1,992

11,584 8,135 3,992 2,327 954 1,665 917 4,144 1,441 1,660 1,043 3,449 510 2,939

11,303 8,600 4,441 1,999 800 2,442 1,254 4,159 1,367 1,676 1,116 2,703 588 2,115

14,310 11,380 4,775 1,906 806 2,869 2,232 6,605 3,791 2,158 657 2,929 540 2,390

61 1

328 22

1,368 148

1,072 385

979 449

763 425

621 444

659 589

504 461

396 865

2,734 2,279 455

20,788 14,313 6,475

34,348 30,360 3,989

21,934 19,885 2,049

18,788 17,301 1,487

17,298 16,386 911

18,460 17,783 677

19,291 18,593 698

20,163 19,425 738

.. .. ..

3,201 356 5,689 370

16,438 11,865 42,022 4,660

58,503 29,445 144,238 5,446

89,841 30,510 170,323 8,485

84,390 29,756 156,010 10,848

82,454 27,390 159,204 12,283

80,379 26,156 152,171 12,978

91,295 28,434 162,397 13,042

114,135 33,660 177,221 15,831

.. .. .. ..

14.8 .. .. 4.1 1.7 1.3 61.7 6.5 1.2 8.6

23.0 .. .. 5.9 4.3 1.8 49.0 6.3 1.2 8.5

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

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 6.6 14.4 0.1 22.1 0.3 21.8 11.2 0.0 23.4

.. 7.0 13.9 5.4 5.6 1.7 35.7 8.9 0.0 22.3

.. 6.4 14.1 3.9 5.4 2.1 36.6 10.4 0.6 20.5

.. 4.7 10.9 5.4 3.8 1.5 46.9 7.6 1.1 18.1

.. 4.3 10.1 6.7 3.9 1.4 50.0 7.7 1.2 14.8

.. 2.7 7.8 4.0 2.0 1.2 61.1 7.0 1.1 13.0

.. 2.4 7.2 3.8 1.8 1.2 62.5 6.7 1.2 13.1

29 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1998

1999

2000

2001

2002

2003

2004

444 5,987 3,005 3,262 22,825 0 91 432 773 73 269 3,969 1,049 1,165 13,191 120 2,696 975 1,109 11,162 149 1,274 74 56 2,029 63 1,724 506 488 9,052 31 1,376 461 479 8,500 31 348 46 9 552 194 1,602 303 4,521 632 0 87 573 502 311 0 1,262 350 820 445 0 0 102 325 137 8. DEBT STOCK-FLOW RECONCILIATION 11,659 19,806 7,806 -13,663 -3,617 10,063 7,062 -1,293 -962 -523 321 2,245 2,051 -754 -5,294 63 1,724 506 488 9,052 -194 -2,864 -552 -5,015 -940 -1,140 7,694 -70 -6,766 -6,712 2,547 3,945 7,163 -653 799 9. AVERAGE TERMS OF NEW COMMITMENTS

2,793 334 726 582 143 448 392 56 1,256 1,015 2,310 7

5,996 342 2,745 2,563 182 1,558 1,503 55 3,748 1,944 985 452

701 287 327 291 36 172 165 7 1,336 376 1,019 0

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

-8,157 -1,715 644 448 -3,559 -4,072 97

8,246 -290 -969 1,558 -4,281 8,706 3,522

19,928 2,736 3,021 172 -2,354 10,532 5,821

.. 3,629 .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

0 0 0 0 0 0 0 0 3 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

1,092 859 6 0 -3 -33 263

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

3.7 23.9 9.7 47.5

7.0 17.3 5.1 21.7

4.3 25.4 6.9 43.3

2.6 28.8 7.0 56.9

3.6 22.8 6.2 45.5

3.3 23.8 6.1 47.1

2.6 28.2 7.4 56.0

3.9 24.6 7.2 44.1

2.6 24.4 7.1 50.1

.. .. .. ..

2.0 32.0 14.3 67.4

4.1 25.1 6.8 42.8

3.5 28.4 7.8 51.0

1.4 34.7 8.6 69.8

1.4 34.6 8.7 70.0

1.0 37.7 9.5 75.6

1.2 37.2 9.6 74.4

2.8 32.1 8.1 57.3

1.0 39.2 9.5 76.5

.. .. .. ..

6.6 10.2 1.8 13.3

10.0 9.4 3.3 0.2

8.1 11.7 2.8 7.9

6.5 9.0 1.7 13.3

6.2 9.1 3.3 16.9

5.9 7.3 2.0 13.1

5.7 8.5 2.6 15.6

6.3 8.1 5.4 14.9

4.4 7.2 4.4 19.2

.. .. .. ..

13,279 11,505 6,682 6,844 8,042 6,717 9,453 5,149 3,685 4,374 6,563 2,052 1,533 3,159 3,668 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

9,790 6,722 3,068

11,854 8,148 3,706

7,426 4,001 3,425

.. .. ..

1,888 1,194 694

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

45.0 2004

2004

2003

2003

30.0

2002

2002

25.0

2001

2001

20.0

2000

2000

1999

1999

1998

1998

1997

1997

40.0 35.0

15.0 10.0 5.0 0.0 1997

1998

1999

2000

Private flows

2001

2002

2003

Official flows

2004

-5.0

0.0

5.0

Private non-debt flows

10.0

15.0

20.0

Private debt flows

-5.0

0.0 Multilateral

5.0

10.0

15.0

Bilateral

20.0

25.0 Grants

30.0

30

2/16/05

12:28 PM

LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

19,189 17,828 17,242 586 179 .. .. .. .. .. .. .. ..

99,806 80,724 75,689 5,035 5,324 13,758 1,727 1,615 112 1,771 1,053 718 0

341,580 293,109 285,416 7,692 10,823 37,648 12,968 8,651 4,316 23,877 13,552 10,325 59,230

382,209 330,164 310,470 19,694 10,840 41,204 20,750 17,884 2,866 49,966 41,680 8,286 64,673

401,634 349,639 330,995 18,644 11,090 40,904 23,247 19,956 3,291 56,077 46,810 9,268 41,673

397,023 345,671 327,684 17,987 10,936 40,416 22,540 19,501 3,039 51,659 42,815 8,844 41,717

379,770 337,564 315,177 22,386 10,034 32,173 15,723 13,178 2,546 31,637 24,824 6,813 39,812

368,853 328,363 307,981 20,382 9,933 30,557 16,183 13,600 2,584 32,330 25,390 6,940 38,199

391,315 349,293 327,485 21,808 10,808 31,214 15,361 12,627 2,734 30,128 23,040 7,088 43,603

424,472 379,860 356,039 23,821 11,149 33,463 18,178 15,470 2,708 33,466 25,997 7,470 44,547

2,969 2,941 28 1,239 934 305 1,782 .. .. 486 0 .. .. .. 1,420 305 ..

18,612 15,796 2,815 4,574 3,864 711 17,028 2,990 4,604 3,180 153 1,271 12,424 9,178 7,043 864 1,271

23,390 20,861 2,529 11,020 8,996 2,024 16,331 3,961 11,330 8,948 452 1,931 5,000 22,350 17,944 2,476 1,931

24,989 23,957 1,033 18,397 16,622 1,776 7,922 1,330 10,265 8,876 196 1,193 -2,343 28,662 25,498 1,972 1,193

24,624 23,336 1,288 16,738 15,246 1,492 5,083 -2,803 10,472 9,256 141 1,076 -5,389 27,210 24,502 1,633 1,076

19,252 17,762 1,490 16,593 15,247 1,346 2,877 219 8,932 7,941 145 846 -6,055 25,526 23,188 1,492 846

22,577 21,735 842 17,371 16,267 1,105 3,779 -1,426 9,433 8,313 134 986 -5,654 26,805 24,580 1,238 986

17,553 16,081 1,473 16,325 15,402 923 -847 -2,075 8,177 7,482 117 578 -9,024 24,502 22,884 1,041 578

19,122 17,425 1,697 19,983 18,652 1,331 617 1,479 7,746 7,043 203 501 -7,129 27,730 25,695 1,534 501

22,358 21,295 1,063 24,694 23,346 1,348 -2,904 -568 9,849 9,371 67 411 -12,753 34,543 32,717 1,415 411

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

3,118 2,007 195 0 919 980 2,412 706

19,202 11,933 274 -1 7,032 3,598 13,618 5,584

28,122 11,865 1,693 7 14,557 6,741 24,202 3,921

35,655 7,335 12,487 2,938 12,895 6,064 17,129 18,526

32,998 8,090 12,009 -595 13,494 5,535 18,805 14,193

31,196 2,515 12,823 2,434 13,424 5,117 18,563 12,633

31,891 5,468 10,429 2,511 13,484 5,536 16,792 15,099

32,369 679 13,853 2,837 15,001 5,850 18,890 13,479

31,671 -1,227 14,545 1,160 17,194 6,691 17,699 13,972

49,417 -2,051 16,128 8,219 27,120 7,555 27,875 21,541

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

2,632 486 0 2,063 569

13,339 3,180 2,683 12,290 1,049

17,247 8,948 1,928 19,400 -2,153

21,794 8,876 4,985 12,397 9,396

19,047 9,256 4,695 14,223 4,823

17,383 7,941 5,871 14,241 3,142

14,962 8,313 8,616 12,606 2,356

16,065 7,482 8,822 15,058 1,007

14,520 7,043 10,109 14,011 509

28,141 9,371 11,905 24,347 3,793

133,026 217 128 231 3,431 0

435,116 91,637 6,432 102,933 29,458 -7,179

806,389 169,781 20,387 194,454 65,063 -12,788

831,396 204,006 21,705 219,988 76,353 -7,697

864,985 210,448 23,775 224,032 88,774 -5,050

907,936 245,493 31,146 244,310 118,489 3,423

1,058,831 286,966 36,741 282,884 160,844 7,734

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

108.9 22.9 10.0 5.0 1.1 29.5 3.4 13.8 45.4 17.6

233.8 49.2 15.0 5.3 1.1 16.4 4.0 10.2 48.6 31.8

186.2 45.7 13.1 4.6 1.1 20.1 4.2 8.5 48.1 32.4

175.3 42.6 11.6 3.9 0.9 24.1 4.8 8.3 49.3 33.4

159.4 43.1 11.3 3.2 0.9 30.3 5.8 8.0 51.9 34.1

147.9 40.1 12.0 3.4 0.9 37.9 6.8 7.9 56.0 34.5

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

601,396 97,578 8,115 121,548 17,365 -12,806

764,606 161,710 19,285 191,834 55,721 -14,847

765,158 152,045 18,160 190,411 57,135 -25,824

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

350.1 56.8 22.9 11.6 1.9 5.1 1.7 11.0 45.7 22.9

236.4 50.0 17.7 6.3 1.3 14.6 3.5 10.8 45.1 29.9

264.2 52.5 17.9 6.9 1.4 14.2 3.6 10.2 46.8 30.6

31 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

17,828 17,242 14,962 3,060 1,588 11,902 10,801 2,280 340 232 1,708 586 0 586

80,724 75,689 56,730 17,568 12,371 39,162 32,957 19,158 719 9,117 9,323 5,035 0 5,035

293,109 285,416 221,701 78,216 52,722 143,485 103,217 63,716 2,952 32,697 28,067 7,692 0 7,692

1,414 1,568

3,785 9,954

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2,941 2,701 2,028 352 158 1,676 1,492 674 6 81 587 240 0 240

1997

1998

1999

2000

2001

2002

2003

330,164 310,470 252,380 114,140 85,243 138,240 87,224 58,090 7,844 33,669 16,578 19,694 4,097 15,597

349,639 330,995 269,551 122,814 93,117 146,737 94,811 61,445 11,839 33,033 16,573 18,644 3,941 14,703

345,671 327,684 271,494 126,159 96,718 145,335 96,171 56,189 11,426 29,312 15,452 17,987 3,169 14,818

337,564 315,177 257,603 122,966 96,336 134,636 86,471 57,575 15,873 31,487 10,215 22,386 1,810 20,576

328,363 307,981 251,639 123,260 98,062 128,380 83,823 56,342 15,724 31,381 9,236 20,382 1,563 18,819

349,293 327,485 267,810 133,355 111,355 134,454 91,590 59,675 14,816 35,869 8,990 21,808 1,433 20,375

379,860 356,039 292,572 146,479 125,365 146,093 112,349 63,466 11,933 42,971 8,562 23,821 996 22,825

18,754 37,922

16,850 62,504

16,499 67,517

15,769 69,190

14,146 69,450

13,262 71,721

11,122 80,940

10,089 91,587

15,796 14,309 8,186 3,221 2,182 4,964 3,837 6,124 52 2,981 3,090 1,487 0 1,487

20,861 19,692 14,606 8,978 5,130 5,628 4,346 5,086 427 2,411 2,248 1,168 0 1,168

23,957 20,675 14,109 9,488 6,496 4,622 3,027 6,565 1,100 3,817 1,648 3,282 1,371 1,911

23,336 21,651 13,946 8,555 6,418 5,391 4,310 7,705 4,234 1,970 1,501 1,685 300 1,385

17,762 16,520 12,873 8,615 6,094 4,258 3,302 3,647 0 2,037 1,609 1,242 0 1,242

21,735 20,727 12,074 8,530 6,104 3,544 2,834 8,653 5,512 2,108 1,034 1,007 0 1,007

16,081 15,223 12,513 9,365 7,213 3,148 2,644 2,710 0 1,937 773 858 0 858

17,425 16,360 11,618 9,286 7,557 2,333 2,061 4,742 0 4,456 286 1,065 240 825

21,295 16,293 12,161 9,291 6,958 2,871 2,597 4,131 1,348 2,162 621 5,002 206 4,796

185 143

585 1,431

2,422 3,588

1,339 4,400

852 4,262

1,226 4,046

1,006 4,298

1,026 5,170

731 5,567

896 5,215

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

934 831 534 96 0 438 328 297 26 29 241 103 0 103

3,864 3,138 1,600 336 57 1,263 941 1,538 32 591 915 726 0 726

8,996 7,985 4,961 2,332 551 2,629 1,553 3,024 311 1,457 1,256 1,010 0 1,010

16,622 15,220 9,875 4,107 1,084 5,769 4,119 5,344 32 2,748 2,564 1,402 150 1,252

15,246 13,676 8,634 3,902 1,212 4,732 3,763 5,041 317 2,321 2,404 1,570 149 1,421

15,247 12,938 7,734 4,112 1,291 3,622 2,633 5,204 511 2,916 1,776 2,309 765 1,544

16,267 14,722 8,766 4,481 1,356 4,284 2,738 5,957 46 4,761 1,150 1,544 35 1,509

15,402 13,615 8,624 3,866 1,375 4,757 2,799 4,992 111 3,644 1,236 1,787 90 1,697

18,652 16,950 11,113 7,934 1,513 3,180 2,286 5,837 816 4,158 863 1,702 370 1,332

23,346 19,636 11,407 6,509 1,596 4,897 3,581 8,229 4,301 2,831 1,098 3,710 570 3,140

91 0

205 24

1,223 207

1,854 534

1,778 611

1,814 728

1,780 783

1,413 878

3,745 991

2,563 1,024

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2,007 1,870 1,494 256 157 1,238 1,165 376 -20 51 345 137 0 137

11,933 11,171 6,586 2,885 2,125 3,701 2,896 4,586 21 2,390 2,175 761 0 761

11,865 11,707 9,645 6,645 4,579 3,000 2,793 2,062 116 954 992 158 0 158

7,335 5,455 4,234 5,381 5,412 -1,147 -1,092 1,221 1,068 1,069 -916 1,880 1,221 659

8,090 7,976 5,312 4,652 5,206 659 547 2,664 3,917 -350 -903 115 151 -36

2,515 3,582 5,138 4,503 4,803 636 669 -1,557 -511 -879 -167 -1,067 -765 -302

5,468 6,005 3,308 4,049 4,748 -741 96 2,697 5,466 -2,654 -116 -537 -35 -502

679 1,608 3,889 5,499 5,838 -1,610 -154 -2,282 -111 -1,707 -463 -929 -90 -839

-1,227 -590 505 1,352 6,045 -847 -225 -1,095 -816 298 -577 -637 -130 -507

-2,051 -3,344 755 2,782 5,361 -2,027 -984 -4,098 -2,952 -669 -477 1,292 -364 1,656

94 143

380 1,407

1,199 3,381

-515 3,866

-926 3,651

-588 3,318

-774 3,515

-387 4,292

-3,014 4,576

-1,667 4,190

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

32 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

486 455 349 91 11 258 203 106 11 14 81 30 0 30

3,180 2,678 1,328 489 95 839 628 1,350 20 837 493 502 0 502

8,948 8,407 4,801 2,140 377 2,661 1,489 3,606 196 2,437 973 541 0 541

8,876 8,229 4,732 2,692 660 2,040 1,374 3,497 252 2,585 660 648 170 478

9,256 8,349 4,582 2,473 688 2,109 1,396 3,768 411 2,787 569 907 281 626

7,941 6,907 4,321 2,538 743 1,783 1,204 2,586 587 1,472 527 1,034 259 775

8,313 7,095 4,186 2,302 729 1,884 1,030 2,910 515 2,080 314 1,218 240 978

7,482 6,688 3,832 1,996 668 1,836 1,008 2,857 563 2,037 257 793 228 565

7,043 6,512 3,689 2,183 848 1,506 1,158 2,823 546 2,095 182 530 178 353

9,371 8,562 3,528 1,763 843 1,765 1,298 5,035 1,542 3,347 146 808 51 758

78 10

323 66

1,373 253

1,213 424

1,075 440

1,018 473

851 457

733 456

689 561

417 548

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,521 1,415 1,144 165 147 979 962 270 -31 37 264 107 0 107

8,753 8,493 5,257 2,395 2,030 2,862 2,268 3,236 1 1,553 1,682 260 0 260

2,917 3,300 4,844 4,505 4,202 338 1,304 -1,544 -80 -1,483 19 -383 0 -383

-1,541 -2,774 -498 2,689 4,752 -3,187 -2,466 -2,276 816 -1,517 -1,576 1,232 1,051 181

-1,166 -374 730 2,180 4,518 -1,450 -849 -1,103 3,506 -3,137 -1,473 -792 -130 -662

-5,426 -3,326 817 1,965 4,060 -1,148 -535 -4,143 -1,098 -2,351 -694 -2,100 -1,024 -1,077

-2,845 -1,090 -878 1,747 4,019 -2,624 -933 -213 4,951 -4,734 -430 -1,755 -275 -1,480

-6,803 -5,081 57 3,503 5,171 -3,446 -1,162 -5,138 -674 -3,744 -720 -1,722 -318 -1,404

-8,270 -7,102 -3,184 -831 5,197 -2,353 -1,383 -3,919 -1,362 -1,797 -759 -1,168 -308 -860

-11,422 -11,906 -2,773 1,019 4,519 -3,792 -2,282 -9,133 -4,494 -4,015 -623 484 -415 899

16 133

58 1,342

-174 3,128

-1,728 3,442

-2,001 3,211

-1,606 2,846

-1,625 3,058

-1,120 3,836

-3,704 4,015

-2,084 3,642

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,420 1,287 883 187 11 696 531 403 37 44 323 133 0 133

7,043 5,816 2,928 826 152 2,102 1,568 2,888 51 1,428 1,408 1,228 0 1,228

17,944 16,392 9,763 4,473 928 5,290 3,042 6,630 507 3,894 2,229 1,551 0 1,551

25,498 23,448 14,607 6,798 1,744 7,809 5,493 8,841 284 5,334 3,224 2,049 320 1,729

24,502 22,025 13,216 6,375 1,900 6,841 5,159 8,809 728 5,107 2,973 2,477 430 2,047

23,188 19,846 12,056 6,650 2,034 5,406 3,837 7,790 1,098 4,388 2,303 3,343 1,024 2,319

24,580 21,818 12,952 6,784 2,085 6,168 3,767 8,866 561 6,841 1,464 2,762 275 2,487

22,884 20,304 12,456 5,862 2,043 6,594 3,807 7,848 674 5,682 1,493 2,580 318 2,262

25,695 23,463 14,802 10,117 2,360 4,685 3,444 8,660 1,362 6,253 1,045 2,233 548 1,685

32,717 28,199 14,934 8,272 2,439 6,662 4,879 13,264 5,843 6,177 1,244 4,518 621 3,897

169 11

528 90

2,596 460

3,067 958

2,853 1,051

2,832 1,201

2,631 1,240

2,146 1,334

4,435 1,552

2,980 1,573

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6,524 5,665 859

38,190 30,068 8,121

79,522 70,904 8,618

68,688 60,469 8,219

68,134 56,069 12,065

62,816 51,881 10,935

51,767 48,705 3,062

52,772 49,728 3,045

55,571 53,552 2,019

56,112 54,747 1,366

12,389 632 16,750 1,078

45,329 13,260 75,618 5,305

155,939 47,197 287,169 5,940

172,467 68,927 310,227 19,937

187,927 68,384 330,377 19,262

192,889 65,708 326,822 18,849

182,807 66,950 314,527 23,037

181,885 60,508 307,591 20,771

202,945 60,659 327,230 22,063

237,713 65,154 355,904 23,956

9.9 .. .. 9.2 2.0 0.7 59.9 10.1 1.3 6.9

10.2 .. .. 10.0 1.9 0.8 60.2 9.0 1.4 6.6

13.7 .. .. 11.3 3.0 1.0 55.4 7.8 1.4 6.4

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 8.4 5.5 3.5 21.4 0.4 35.6 9.7 0.0 15.5

.. 7.5 8.0 7.4 10.7 1.1 38.9 8.6 0.5 18.0

.. 5.6 7.2 7.3 4.5 1.2 41.7 10.8 1.6 20.9

.. 4.5 6.0 9.0 3.4 0.9 47.4 12.4 1.4 15.3

.. 4.6 5.9 10.2 3.1 0.9 47.8 11.7 1.3 14.7

.. 4.0 5.1 12.0 3.0 0.7 49.7 11.7 1.3 12.4

.. 3.1 4.3 9.7 2.2 0.7 58.4 11.0 1.3 9.2

33 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1,202 6,254 8,796 3,459 6,860 0 91 891 669 1,388 269 3,879 2,952 1,100 3,414 120 2,762 1,917 1,020 2,642 149 1,117 1,035 80 772 63 1,676 2,543 545 1,175 31 1,378 1,279 497 1,044 31 298 1,264 48 132 201 1,594 3,055 350 4,695 0 87 588 582 511 0 1,262 5,177 350 859 0 0 200 102 325 8. DEBT STOCK-FLOW RECONCILIATION 18,361 37,176 -14,421 19,425 -4,611 17,028 16,331 7,922 5,083 2,877 285 3,062 -3,517 2,497 -707 63 1,676 2,543 545 1,175 -201 -2,856 -8,033 -598 -5,228 -2,225 11,271 -22,997 533 -4,430 3,411 7,691 9,661 11,365 1,702 9. AVERAGE TERMS OF NEW COMMITMENTS

23,663 121 13,729 11,589 2,139 9,061 8,468 593 675 1,950 9,203 137

16,980 11,978 2,322 1,997 326 557 469 88 1,357 1,442 2,469 33

6,391 350 2,820 2,625 195 1,758 1,700 58 4,038 2,115 985 452

889 291 396 354 42 210 203 7 1,630 548 1,019 0

-17,252 3,779 -6,817 9,061 -9,742 -15,942 2,408

-10,917 -847 460 557 -3,792 -10,114 2,819

22,462 617 -822 1,758 -4,571 17,651 7,830

33,157 -2,904 2,817 210 -2,648 21,678 14,006

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

0 0 0 0 0 0 0 0 3 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

1,429 1,782 4 0 -3 -372 18

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

3.1 28.1 9.8 49.1

5.9 23.5 6.1 32.5

4.6 24.3 7.2 40.8

4.3 21.9 6.1 39.9

3.0 19.9 6.5 43.8

3.0 26.6 6.9 52.3

3.6 19.9 6.4 41.1

2.4 28.0 7.3 56.9

2.5 28.2 7.6 56.6

1.7 27.1 6.9 58.7

2.1 33.2 12.0 59.9

3.1 31.8 7.7 51.5

3.6 28.1 7.7 49.9

3.0 29.7 8.0 55.9

2.4 31.5 8.2 60.5

2.3 30.9 8.0 60.8

3.0 30.4 8.0 56.3

2.0 31.5 8.3 63.9

2.4 30.4 8.1 60.1

1.3 32.1 8.2 68.7

6.5 10.8 2.3 13.1

10.6 9.8 3.3 1.2

7.2 13.8 5.7 15.6

6.7 8.1 2.7 11.3

3.7 6.6 4.6 24.7

5.7 8.0 2.0 15.8

4.4 5.2 4.2 19.8

4.9 7.3 1.5 15.8

4.1 4.8 2.8 18.2

3.6 5.7 1.2 16.1

22,476 25,551 23,279 25,433 13,585 13,992 18,774 14,944 13,579 11,020 8,484 6,777 8,335 11,855 2,564 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

20,849 12,196 8,653

21,197 18,106 3,090

19,364 17,734 1,630

13,061 10,586 2,475

4,102 3,156 946

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

60.0

50.0

40.0

2003

2003

2002

2002

2001

2001

2000

2000

1999

1999

1998

1998

1997

1997

1996

1996

30.0

20.0

10.0

0.0 1996

1997

1998

1999

Private flows

2000

2001

2002

Official flows

2003

-10.0

0.0

10.0

Private non-debt flows

20.0

30.0

Private debt flows

-10.0

0.0 Multilateral

10.0 Bilateral

20.0

30.0 Grants

34

2/16/05

12:30 PM

MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

50,995 42,821 28,206 14,616 577 .. .. .. .. .. .. .. ..

441,117 326,413 263,192 63,221 6,240 108,465 751 416 335 777 193 584 0

995,453 806,118 753,803 52,315 23,828 165,507 39,773 10,987 28,786 35,901 13,705 22,196 215,137

1,727,450 1,332,336 998,857 333,479 48,894 346,220 9,256 6,083 3,173 25,405 17,293 8,112 282,485

1,921,279 1,544,320 1,064,002 480,318 65,852 311,107 12,678 8,134 4,544 29,306 17,953 11,353 154,387

1,949,615 1,594,180 1,077,485 516,696 61,830 293,605 17,555 9,531 8,024 31,448 21,382 10,066 146,054

1,902,780 1,569,190 1,048,255 520,935 48,414 285,176 17,116 10,332 6,783 31,774 22,161 9,614 137,458

1,891,664 1,534,941 1,017,684 517,258 65,349 291,374 19,229 11,662 7,567 29,372 21,623 7,749 133,661

1,945,157 1,570,547 1,047,945 522,602 85,001 289,609 21,316 7,652 13,664 33,328 17,806 15,522 143,870

2,129,666 1,665,355 1,094,050 571,305 95,716 368,595 29,569 7,379 22,190 48,802 18,571 30,231 156,176

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

10,000 9,697 303 5,365 4,939 425 4,635 .. .. 1,805 0 .. .. .. 6,744 425 ..

89,576 87,001 2,576 38,280 37,022 1,258 77,793 26,497 38,858 27,119 302 11,438 38,935 77,138 64,140 1,560 11,438

103,610 97,897 5,713 72,951 66,800 6,151 39,902 9,243 52,631 42,419 2,048 8,163 -12,729 125,582 109,220 8,199 8,163

264,078 253,196 10,881 172,895 166,123 6,772 99,002 7,820 92,006 72,857 2,011 17,138 6,997 264,901 238,980 8,783 17,138

277,906 258,006 19,900 166,467 160,860 5,606 49,786 -61,653 99,185 80,967 2,361 15,856 -49,398 265,651 241,827 7,968 15,856

254,567 241,837 12,730 221,742 206,679 15,063 12,526 -20,300 104,952 87,257 2,698 14,997 -92,426 326,693 293,936 17,761 14,997

235,133 225,861 9,272 238,649 218,988 19,661 -9,972 -6,456 111,091 92,276 2,747 16,068 -121,064 349,741 311,264 22,409 16,068

258,080 228,192 29,888 238,866 227,891 10,974 -2,604 -21,818 102,150 87,850 2,553 11,747 -104,754 341,016 315,741 13,528 11,747

264,001 231,270 32,730 257,455 238,373 19,082 7,863 1,317 87,401 75,929 2,768 8,704 -79,538 344,856 314,302 21,850 8,704

307,212 278,654 28,558 293,900 268,005 25,895 62,855 49,542 91,332 79,109 2,357 9,865 -28,477 385,231 347,114 28,253 9,865

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

7,546 4,758 1,536 -2 920 723 2,717 4,829

65,005 49,979 9,314 0 5,789 2,640 19,689 45,316

68,040 31,097 20,380 3,383 13,181 7,048 29,938 38,103

274,663 87,073 155,564 19,630 12,396 9,217 17,732 256,931

277,017 97,146 159,470 7,174 13,228 10,315 28,195 248,823

230,134 35,159 169,606 10,275 15,094 11,043 26,067 204,067

187,718 6,872 155,761 9,863 15,222 9,738 16,813 170,905

177,372 300 160,980 3,181 12,911 10,525 16,562 160,810

151,969 -7,103 139,407 4,689 14,976 12,127 5,658 146,311

179,128 10,649 135,648 16,593 16,238 13,042 1,225 177,903

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

5,076 1,805 1,022 2,207 2,868

29,589 27,119 9,302 15,672 13,917

10,661 42,419 14,960 16,378 -5,717

151,683 72,857 50,122 -4,689 156,372

142,065 80,967 53,985 6,671 135,394

88,597 87,257 54,280 3,471 85,126

26,861 92,276 68,581 -6,042 32,903

19,901 87,850 69,621 -7,723 27,624

6,746 75,929 69,293 -14,853 21,600

10,572 79,109 89,447 -19,064 29,635

527,297 8,324 281 10,111 10,684 -1,830

2,097,990 292,650 10,635 339,886 136,373 -42,271

4,440,661 1,402,133 51,472 1,407,962 601,503 1,507

4,841,427 1,678,807 53,932 1,652,225 632,014 32,621

4,905,759 1,666,623 60,003 1,666,455 702,534 9,924

4,969,914 1,797,329 67,068 1,753,445 855,833 56,405

5,567,436 2,159,250 79,119 2,084,852 1,116,721 86,322

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

150.7 21.0 26.4 13.3 1.9 30.9 4.8 24.6 10.1 6.5

139.0 43.9 23.3 7.5 2.4 30.9 5.1 15.1 10.8 10.6

113.3 39.3 20.8 6.6 2.3 33.2 4.6 15.0 10.4 11.1

113.5 38.6 20.5 6.1 2.1 37.1 5.1 15.4 9.9 11.4

108.2 39.1 19.2 4.9 1.8 44.0 5.9 14.9 10.4 11.6

98.6 38.3 17.8 4.2 1.6 52.4 6.4 17.3 10.4 11.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

3,100,750 651,004 23,114 654,911 168,345 1,135

4,937,936 1,401,380 51,643 1,482,806 560,267 -80,454

4,675,144 1,354,650 49,887 1,431,053 576,330 -70,517

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

152.9 32.1 19.3 8.1 1.7 16.9 3.1 16.6 12.0 12.6

123.3 35.0 18.9 6.6 1.9 32.4 4.5 20.0 10.1 9.8

141.8 41.1 19.6 7.3 2.1 30.0 4.8 16.2 10.2 10.1

35 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

42,821 28,206 18,082 4,222 457 13,859 11,331 10,124 1,470 3,391 5,262 14,616 0 14,616

326,413 263,192 93,152 28,693 5,635 64,458 38,791 170,040 12,093 112,992 44,954 63,221 0 63,221

806,118 753,803 329,443 125,169 15,776 204,274 103,772 424,360 101,326 216,261 106,773 52,315 347 51,968

2,963 238

16,647 1,821

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9,697 5,811 2,811 841 97 1,970 1,407 3,000 143 1,287 1,570 3,886 0 3,886

1997

1998

1999

2000

2001

2002

2003

1,332,336 998,857 479,177 168,735 28,579 310,442 145,622 519,680 280,866 156,735 82,079 333,479 83,716 249,764

1,544,320 1,064,002 520,294 194,511 31,250 325,783 164,995 543,708 311,201 164,627 67,879 480,318 91,856 388,462

1,594,180 1,077,485 537,519 207,493 33,168 330,026 176,714 539,966 330,547 141,135 68,283 516,696 96,085 420,610

1,569,190 1,048,255 523,446 210,299 32,932 313,147 164,119 524,809 356,177 108,231 60,400 520,935 94,991 425,945

1,534,941 1,017,684 499,998 215,280 32,988 284,718 153,864 517,685 356,622 104,542 56,522 517,258 93,785 423,472

1,570,547 1,047,945 511,099 225,292 36,260 285,806 165,897 536,847 381,580 103,798 51,469 522,602 93,697 428,905

1,665,355 1,094,050 533,913 234,967 41,664 298,945 180,207 560,138 414,839 98,758 46,541 571,305 107,928 463,377

73,560 7,083

84,672 14,895

91,956 16,571

95,560 17,414

97,999 17,393

99,268 17,499

100,181 19,674

98,947 22,255

87,001 67,585 19,291 5,753 652 13,538 6,739 48,294 1,601 29,895 16,798 19,415 0 19,415

97,897 81,790 34,831 18,332 1,696 16,499 9,023 46,959 4,749 13,745 28,465 16,107 291 15,816

253,196 141,754 46,441 26,276 2,747 20,166 7,526 95,313 51,962 27,023 16,328 111,442 27,330 84,112

258,006 137,016 49,684 33,218 2,559 16,466 9,263 87,332 48,137 30,061 9,134 120,990 19,563 101,427

241,837 126,239 47,722 28,662 2,782 19,060 13,715 78,517 50,988 16,914 10,615 115,599 13,763 101,836

225,861 117,110 41,902 26,428 1,973 15,474 10,325 75,208 50,607 17,399 7,202 108,750 11,757 96,993

228,192 104,312 38,827 24,819 2,202 14,008 9,671 65,486 44,751 15,088 5,647 123,879 11,010 112,870

231,270 96,426 34,659 22,994 2,328 11,665 6,888 61,767 40,431 16,764 4,572 134,844 11,351 123,493

278,654 107,957 37,676 28,878 3,872 8,798 6,836 70,282 50,169 16,086 4,026 170,697 24,013 146,684

486 29

3,638 155

11,016 757

13,160 1,537

13,524 1,294

12,856 1,350

12,424 921

11,280 921

9,557 1,201

10,515 1,164

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4,939 2,595 1,014 290 29 724 340 1,581 117 655 808 2,345 0 2,345

37,022 26,061 5,392 1,222 48 4,170 1,533 20,669 482 12,762 7,425 10,961 0 10,961

66,800 60,527 18,074 9,565 348 8,509 3,268 42,453 4,075 21,229 17,150 6,273 0 6,273

166,123 108,611 41,105 15,252 746 25,853 6,186 67,506 33,913 21,034 12,558 57,512 9,455 48,057

160,860 90,575 34,717 14,481 767 20,236 7,765 55,859 22,531 19,941 13,387 70,285 9,517 60,768

206,679 97,360 36,748 14,846 775 21,903 9,384 60,611 22,690 26,003 11,919 109,319 10,963 98,356

218,988 107,419 40,311 18,676 1,078 21,634 9,806 67,108 35,276 20,471 11,361 111,569 15,025 96,544

227,891 106,502 35,175 15,003 1,084 20,172 7,928 71,326 34,393 25,197 11,736 121,390 10,215 111,175

238,373 105,314 43,977 22,913 990 21,063 8,341 61,338 27,523 23,352 10,463 133,059 12,146 120,913

268,005 123,978 52,689 29,889 1,206 22,800 9,606 71,289 34,432 27,004 9,853 144,027 9,818 134,209

157 0

791 6

6,716 41

8,760 112

8,708 121

8,020 141

8,048 165

8,393 206

12,277 252

15,065 298

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4,758 3,216 1,797 551 68 1,246 1,066 1,420 26 631 762 1,541 0 1,541

49,979 41,524 13,899 4,531 603 9,368 5,206 27,625 1,119 17,133 9,373 8,454 0 8,454

31,097 21,262 16,757 8,767 1,348 7,990 5,755 4,506 675 -7,484 11,315 9,834 291 9,543

87,073 33,143 5,336 11,024 2,001 -5,687 1,340 27,807 18,049 5,989 3,769 53,930 17,876 36,054

97,146 46,440 14,967 18,737 1,792 -3,771 1,498 31,474 25,606 10,120 -4,253 50,705 10,046 40,659

35,159 28,879 10,973 13,816 2,007 -2,843 4,331 17,906 28,298 -9,089 -1,303 6,280 2,800 3,480

6,872 9,692 1,592 7,751 895 -6,160 519 8,100 15,331 -3,072 -4,159 -2,819 -3,267 448

300 -2,189 3,651 9,816 1,118 -6,165 1,743 -5,841 10,357 -10,109 -6,089 2,490 795 1,695

-7,103 -8,888 -9,318 81 1,338 -9,398 -1,453 430 12,908 -6,588 -5,891 1,785 -795 2,580

10,649 -16,020 -15,013 -1,011 2,666 -14,002 -2,770 -1,007 15,738 -10,918 -5,827 26,670 14,195 12,475

329 29

2,847 149

4,300 716

4,400 1,425

4,816 1,173

4,836 1,209

4,377 756

2,886 715

-2,720 949

-4,550 865

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

36 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,805 1,082 509 217 9 292 182 573 87 239 247 723 0 723

27,119 20,935 4,016 1,866 69 2,150 893 16,919 916 12,841 3,162 6,184 0 6,184

42,419 38,383 13,560 8,364 244 5,196 1,836 24,823 4,180 15,002 5,641 4,036 3 4,033

72,857 54,045 22,421 9,947 437 12,473 3,988 31,625 18,223 8,301 5,101 18,812 5,284 13,528

80,967 53,240 21,524 10,202 455 11,322 4,797 31,717 19,265 7,952 4,500 27,726 6,637 21,089

87,257 56,108 22,596 12,361 462 10,235 4,693 33,512 22,590 7,150 3,772 31,149 7,350 23,799

92,276 60,427 22,855 13,290 475 9,565 4,228 37,571 26,276 7,819 3,477 31,850 7,801 24,048

87,850 57,857 24,285 13,288 514 10,997 4,018 33,572 22,679 7,658 3,235 29,993 7,753 22,240

75,929 51,256 20,511 11,498 489 9,013 3,680 30,744 22,154 6,407 2,183 24,673 6,735 17,938

79,109 52,789 20,288 10,464 571 9,825 4,482 32,501 24,338 5,971 2,192 26,320 7,976 18,344

165 2

1,347 13

5,495 48

5,507 107

5,537 110

6,249 115

6,831 121

6,736 121

5,702 134

4,716 149

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2,953 2,135 1,288 334 59 953 884 847 -61 393 515 819 0 819

22,860 20,589 9,883 2,665 534 7,218 4,314 10,706 203 4,293 6,210 2,271 0 2,271

-11,323 -17,121 3,197 402 1,104 2,794 3,919 -20,318 -3,505 -22,486 5,674 5,798 288 5,510

14,216 -20,902 -17,084 1,076 1,564 -18,161 -2,648 -3,818 -174 -2,312 -1,332 35,118 12,591 22,526

16,179 -6,800 -6,557 8,536 1,337 -15,093 -3,299 -243 6,341 2,169 -8,752 22,979 3,409 19,570

-52,098 -27,229 -11,623 1,455 1,545 -13,077 -362 -15,606 5,708 -16,239 -5,075 -24,869 -4,550 -20,320

-85,404 -50,735 -21,264 -5,539 420 -15,725 -3,709 -29,471 -10,945 -10,891 -7,636 -34,669 -11,069 -23,600

-87,550 -60,047 -20,633 -3,471 604 -17,162 -2,275 -39,413 -12,321 -17,768 -9,324 -27,503 -6,958 -20,545

-83,032 -60,144 -29,829 -11,418 849 -18,411 -5,132 -30,315 -9,246 -12,995 -8,074 -22,888 -7,530 -15,358

-68,460 -68,810 -35,302 -11,475 2,095 -23,827 -7,252 -33,508 -8,600 -16,889 -8,018 349 6,219 -5,869

165 28

1,500 136

-1,195 668

-1,107 1,318

-721 1,063

-1,413 1,094

-2,454 635

-3,849 594

-8,422 815

-9,266 716

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6,744 3,676 1,523 507 39 1,016 523 2,153 204 894 1,055 3,067 0 3,067

64,140 46,996 9,408 3,089 117 6,319 2,426 37,588 1,398 25,603 10,588 17,145 0 17,145

109,220 98,911 31,634 17,930 592 13,705 5,104 67,277 8,255 36,231 22,791 10,309 3 10,306

238,980 162,656 63,526 25,199 1,183 38,326 10,174 99,130 52,136 29,335 17,659 76,324 14,739 61,585

241,827 143,816 56,241 24,682 1,223 31,558 12,563 87,575 41,796 27,893 17,886 98,011 16,154 81,857

293,936 153,467 59,344 27,207 1,237 32,137 14,077 94,123 45,279 33,153 15,691 140,468 18,313 122,155

311,264 167,846 63,166 31,967 1,553 31,199 14,035 104,680 61,552 28,290 14,838 143,419 22,826 120,593

315,741 164,359 59,460 28,290 1,599 31,170 11,946 104,899 57,072 32,856 14,971 151,383 17,968 133,414

314,302 156,570 64,488 34,412 1,479 30,076 12,021 92,082 49,677 29,759 12,646 157,732 18,881 138,851

347,114 176,767 72,977 40,352 1,777 32,625 14,088 103,790 58,769 32,976 12,045 170,347 17,794 152,553

322 2

2,138 19

12,211 89

14,267 219

14,245 231

14,269 256

14,878 287

15,129 327

17,979 386

19,781 447

10,256 7,502 2,753

98,520 58,001 40,520

138,351 91,636 46,715

182,771 129,112 53,658

212,189 159,619 52,570

240,758 191,553 49,205

183,924 133,605 50,318

159,729 119,097 40,632

155,940 117,097 38,843

156,921 108,789 48,132

11,789 15,332 27,422 15,400

44,426 171,587 256,424 69,989

119,548 384,150 748,719 57,399

174,201 748,106 993,491 338,845

196,245 911,399 1,056,140 488,180

209,882 922,646 1,069,321 524,859

197,051 872,876 1,041,560 527,630

186,852 849,488 1,011,897 523,044

202,156 855,678 1,041,023 529,524

221,871 901,719 1,086,166 579,189

15.1 .. .. 10.7 0.6 0.3 65.5 6.1 0.1 1.5

17.2 .. .. 10.9 0.6 0.4 64.0 5.4 0.1 1.5

19.6 .. .. 10.7 0.6 0.4 62.4 4.7 0.1 1.5

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 8.7 5.2 1.3 5.1 1.5 52.4 13.2 0.0 12.6

.. 7.2 5.6 6.8 1.7 1.8 57.6 12.5 0.0 6.8

.. 10.4 5.5 12.0 1.6 2.3 44.4 17.1 0.1 6.6

.. 9.1 3.5 11.3 1.0 0.5 57.7 12.0 0.1 4.8

.. 9.5 3.5 11.5 0.9 0.4 61.3 7.4 0.1 5.4

.. 7.6 2.8 12.9 0.8 0.3 61.5 7.3 0.1 6.6

.. 6.6 2.5 12.1 0.6 0.3 63.4 6.6 0.1 7.7

37 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

2,123 73,074 40,297 15,096 24,239 1 61,758 435 7,448 5,962 124 6,398 32,395 5,312 10,201 17 3,064 4,930 3,488 7,141 107 3,334 27,465 1,824 3,061 8 4,122 6,496 1,039 5,797 7 3,199 1,184 707 5,253 1 923 5,313 333 544 75 11,035 291 255 132 0 2,803 18 16 21 0 24,883 13,652 3,651 7,033 0 4,359 9,850 2,906 5,020 8. DEBT STOCK-FLOW RECONCILIATION 95,177 61,918 79,108 193,829 28,337 77,793 39,902 99,002 49,786 12,526 338 12,501 -5,424 3,422 4,877 8 4,122 6,496 1,039 5,797 -75 -31,558 -4,093 -1,000 -2,144 -2,427 35,324 -54,803 28,530 -13,940 19,539 1,626 37,932 112,052 21,220 9. AVERAGE TERMS OF NEW COMMITMENTS

37,184 23,071 7,069 5,535 1,535 4,926 2,725 2,201 262 13 32,393 16,879

6,701 318 6,965 4,695 2,270 543 415 128 297 42 16,377 13,606

12,578 1,969 6,297 5,526 771 2,163 2,006 157 963 115 4,913 3,820

9,531 3,076 5,196 4,609 587 596 479 117 216 119 65 0

-46,835 -9,972 -440 4,926 -15,776 -37,142 11,569

-11,117 -2,604 2,113 543 -3,067 -30,834 22,731

53,493 7,863 2,088 2,163 -2,056 53,530 -7,805

184,509 62,855 8,253 596 -281 65,763 48,161

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

117 0 0 0 0 0 0 0 7 0 0 0

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

21,033 4,635 11 0 -7 -50 16,443

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

6.0 17.3 4.7 25.0

10.0 13.7 4.4 3.0

7.6 15.0 5.4 14.9

6.9 12.9 7.0 15.1

7.1 11.7 5.6 13.3

6.7 12.4 5.6 17.7

7.5 12.7 7.2 11.3

6.0 12.2 6.3 19.8

5.6 23.3 6.4 23.5

5.1 11.6 7.4 23.8

4.7 24.4 6.7 37.1

6.5 20.3 5.6 25.1

6.3 19.8 6.1 25.8

5.9 17.1 4.8 24.7

5.7 13.3 3.8 21.2

4.7 17.6 5.1 33.0

5.4 16.8 4.3 26.4

4.7 16.9 4.2 30.5

3.5 18.6 4.9 39.7

3.4 15.8 4.3 38.6

7.4 9.1 2.4 11.1

12.0 10.0 3.8 -9.4

8.7 11.1 4.8 5.9

7.5 10.7 8.1 10.1

8.1 10.5 7.0 7.1

8.1 8.7 6.0 7.0

8.4 11.0 8.5 4.7

6.9 9.4 7.5 13.4

6.8 25.9 7.2 14.4

5.8 10.0 8.6 18.1

72,051 94,407 158,398 163,436 134,213 25,983 42,525 53,992 71,811 55,208 46,068 51,882 104,406 91,625 79,006 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS

126,974 38,827 88,147

123,158 46,181 76,977

91,752 32,950 58,802

116,196 32,263 83,933

7,293 3,897 3,396

(current prices, US$ billion) Aggregate Net Resource Flows

Private Flows

Official Flows

300.0

250.0

200.0

2003

2003

2002

2002

2001

2001

2000

2000

1999

1999

1998

1998

1997

1997

1996

1996

150.0

100.0

50.0

0.0 1996

1997

1998

1999

Private flows

2000

2001

2002

Official flows

2003

-50.0

0.0

50.0

Private non-debt flows

100.0

150.0

200.0

Private debt flows

-20.0

-10.0

Multilateral

0.0

10.0 Bilateral

20.0 Grants

30.0

40 ALBANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

515 412 412 0 55 48 4 1 3 33 18 16 26

626 527 506 21 64 35 4 1 3 33 18 16 215

709 599 583 16 81 29 4 1 3 33 18 16 177

1,061 936 921 15 88 37 3 1 3 271 255 16 22

1,093 979 969 11 83 31 4 1 3 271 255 16 28

1,119 1,009 996 13 81 29 1 0 1 16 0 16 30

1,482 1,242 1,230 12 90 149 1 0 1 16 0 16 51

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

65 52 12 16 8 8 63 14 8 6 0 2 54 24 14 8 2

97 89 8 12 10 1 73 -13 10 7 1 2 63 21 17 2 2

156 135 21 15 11 3 136 -6 8 6 1 1 127 23 18 4 1

138 120 19 16 9 7 130 8 11 8 1 2 119 27 17 8 2

113 101 12 24 11 14 82 -6 12 10 1 1 70 37 21 14 1

158 153 5 35 21 14 124 1 23 22 1 1 101 58 43 14 1

156 145 11 36 27 10 240 120 19 15 0 3 222 55 42 10 3

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

167 44 48 0 75 34 121 46

251 79 45 0 127 34 208 43

445 124 41 0 280 69 408 37

414 110 143 0 161 56 272 142

434 90 207 0 137 62 231 203

374 132 135 0 107 83 238 136

408 118 178 0 112 146 233 175

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

160 6 2 116 44

244 7 0 202 42

439 6 0 403 36

406 8 0 265 141

424 10 0 222 203

351 22 1 221 130

392 15 1 218 174

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

2,815 833 504 950 418 -65

3,520 987 407 1,111 523 -155

3,798 1,350 598 1,509 646 -156

4,400 1,616 699 1,789 771 -217

4,963 1,707 734 2,096 866 -408

6,292 2,140 889 2,610 1,038 -407

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

75.2 22.3 2.6 1.2 0.4 66.7 5.3 5.6 70.8 38.6

71.9 20.1 2.3 0.9 0.2 73.8 5.6 4.1 71.8 48.5

78.6 27.9 2.0 0.8 0.3 60.9 5.1 3.5 52.1 40.2

67.7 24.8 2.3 0.8 0.3 70.5 5.2 2.8 55.1 40.2

65.6 22.5 3.4 1.4 0.5 77.4 5.0 2.6 77.0 52.0

69.3 23.6 2.6 0.9 0.3 70.1 4.8 10.1 71.8 50.1

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

2,213 551 300 821 342 -272

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

93.5 23.3 4.4 1.5 0.4 66.5 5.0 9.3 66.9 31.8

41 ALBANIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

412 412 385 164 155 221 190 27 0 0 27 0 0 0

527 506 480 242 232 238 212 26 0 0 26 21 0 21

599 583 560 344 316 216 193 23 0 0 23 16 0 16

936 921 899 426 368 473 185 22 0 0 22 15 0 15

979 969 947 440 396 508 207 22 0 0 22 11 0 11

1,009 996 974 582 518 392 344 22 0 0 22 13 0 13

1,242 1,230 1,208 742 642 465 421 22 0 0 22 12 0 12

.. ..

0 148

0 220

0 296

0 346

0 366

0 476

0 583

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

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

52 52 52 22 21 29 29 1 0 0 1 0 0 0

89 89 89 70 69 19 19 0 0 0 0 0 0 0

135 134 134 109 89 25 25 0 0 0 0 1 0 1

120 120 120 101 67 19 11 0 0 0 0 0 0 0

101 101 101 56 44 44 29 0 0 0 0 0 0 0

153 150 150 110 92 41 40 0 0 0 0 3 0 3

145 145 145 108 78 36 36 0 0 0 0 0 0 0

.. ..

.. ..

.. ..

0 19

0 64

0 81

0 64

0 34

0 79

0 61

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

8 8 6 1 0 5 1 2 0 0 2 0 0 0

10 10 9 1 0 8 3 2 0 0 2 0 0 0

11 8 6 2 0 5 2 2 0 0 2 3 0 3

9 9 8 2 1 6 3 1 0 0 1 0 0 0

11 7 7 3 1 4 2 0 0 0 0 4 0 4

21 19 19 8 2 11 8 0 0 0 0 2 0 2

27 24 24 12 3 12 7 0 0 0 0 2 0 2

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 0

0 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

44 44 46 21 21 25 28 -1 0 0 -1 0 0 0

79 79 81 69 69 11 16 -2 0 0 -2 0 0 0

124 126 128 108 89 20 23 -2 0 0 -2 -2 0 -2

110 110 111 98 67 13 8 -1 0 0 -1 0 0 0

90 93 94 53 43 41 27 0 0 0 0 -4 0 -4

132 131 131 102 90 29 32 0 0 0 0 1 0 1

118 120 121 96 75 24 29 0 0 0 0 -2 0 -2

.. ..

.. ..

.. ..

0 19

0 64

0 81

0 64

0 34

0 79

0 59

5. LONG-TERM DEBT

42 ALBANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

6 6 5 2 1 3 2 0 0 0 0 0 0 0

7 6 6 2 1 4 3 0 0 0 0 1 0 1

6 6 5 3 2 2 2 0 0 0 0 1 0 1

8 7 7 4 3 3 3 0 0 0 0 1 0 1

10 10 9 6 3 4 3 0 0 0 0 1 0 1

22 17 17 6 3 11 10 0 0 0 0 5 0 5

15 15 15 8 5 7 6 0 0 0 0 1 0 1

.. ..

.. ..

.. ..

0 1

0 1

0 2

0 2

0 3

0 3

0 4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

39 39 40 19 20 21 26 -2 0 0 -2 0 0 0

72 73 75 67 68 8 13 -2 0 0 -2 -1 0 -1

118 121 122 105 87 18 21 -2 0 0 -2 -3 0 -3

102 103 104 94 64 10 5 -1 0 0 -1 -1 0 -1

80 84 84 47 39 37 24 0 0 0 0 -4 0 -4

110 114 114 96 87 19 22 0 0 0 0 -4 0 -4

103 105 106 89 70 17 23 0 0 0 0 -3 0 -3

.. ..

.. ..

.. ..

0 18

0 63

0 79

0 62

0 32

0 76

0 56

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

14 14 11 3 2 8 4 2 0 0 2 0 0 0

17 17 14 3 1 11 6 2 0 0 2 1 0 1

18 14 12 4 2 7 4 2 0 0 2 4 0 4

17 17 15 6 3 9 5 1 0 0 1 1 0 1

21 17 16 9 5 7 5 0 0 0 0 4 0 4

43 36 36 14 5 22 17 0 0 0 0 7 0 7

42 39 39 20 8 19 13 0 0 0 0 3 0 3

.. ..

.. ..

.. ..

0 1

0 1

0 2

0 2

0 3

0 3

0 5

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

341 341 0

429 429 0

468 468 0

461 461 0

427 427 0

522 522 0

581 581 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

345 55 412 0

444 73 505 22

509 80 582 17

553 363 920 16

603 363 966 13

862 160 993 16

1,063 189 1,226 16

.. 6.0 0.0 3.2 0.0 0.0 73.2 0.0 0.7 16.9

20.1 .. .. 2.6 0.0 0.0 73.8 0.0 0.7 2.7

27.3 .. .. 2.8 0.0 0.0 61.7 0.0 0.8 7.4

30.0 .. .. 3.0 0.0 0.0 59.0 0.0 0.7 7.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 14.3 0.1 4.1 0.0 0.0 59.6 0.0 0.3 21.7

.. 13.1 0.1 4.0 0.0 0.0 60.8 0.0 0.7 21.3

.. 10.5 0.0 5.3 0.0 0.0 62.4 0.0 1.0 20.8

43 ALBANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0

28 0 22 21 0 2 2 0 0 0 0 0

5 0 0 0 0 0 0 0 0 0 0 0

75 0 75 75 0 0 0 0 0 0 180 0

0 0 0 0 0 0 0 0 0 0 0 0

83 136 0 0 0 -31 -22

352 130 -1 2 0 -35 255

33 82 0 0 0 -31 -18

26 124 -2 0 -180 79 5

363 240 0 0 0 117 6

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. 0 5 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 24 112 .. .. 63 73 .. .. 2 0 .. .. 0 0 .. .. 0 0 .. .. -31 22 .. .. -10 17 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.5 39.8 10.3 82.6

2.6 32.6 9.9 61.1

1.7 34.5 8.7 69.2

3.5 29.7 10.5 54.5

3.1 30.7 9.4 56.6

1.2 32.7 9.5 70.7

0.9 28.3 13.0 75.3

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.5 39.8 10.3 82.6

2.6 32.6 9.9 61.1

1.7 34.5 8.7 69.2

3.5 29.7 10.5 54.5

3.1 30.7 9.4 56.6

1.2 32.7 9.5 70.7

0.9 28.3 13.0 75.3

.. .. .. ..

.. .. .. ..

.. .. .. ..

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

.. .. .. 34 157 204 173 .. .. .. 34 157 204 173 .. .. .. 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

94 94 0

185 185 0

135 135 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

149 38 19

140 45 21

100 55 22

67 55 22

48 58 22

32 62 21

20 66 20

12 65 18

7 60 17

3 60 16

149 37 18

140 42 21

100 52 22

67 53 22

48 56 22

32 59 21

20 63 20

12 65 18

7 60 17

3 60 16

81 21 9

67 24 9

42 28 9

25 24 9

14 26 9

8 27 8

4 27 8

2 29 7

1 27 7

0 24 6

68 16 10

72 18 11

59 24 12

42 29 13

34 31 13

24 33 12

15 35 12

10 36 11

6 32 10

3 36 10

0 1 0

0 3 0

0 3 0

0 1 0

0 2 0

0 2 0

0 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 1 0

0 3 0

0 3 0

0 1 0

0 2 0

0 2 0

0 3 0

0 0 0

0 0 0

0 0 0

44 ALGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

940 940 940 0 0 0 0 0 0 0 0 0 0

19,365 17,040 17,040 0 0 2,325 0 0 0 2 0 2 0

28,149 26,688 26,688 0 670 791 0 0 0 1 0 0 13,220

30,892 28,712 28,712 0 2,018 162 0 0 0 0 0 0 19,181

30,678 28,482 28,482 0 2,011 186 0 0 0 0 0 0 11,730

27,997 25,896 25,896 0 1,906 195 0 0 0 0 0 0 11,029

25,272 23,332 23,332 0 1,718 222 0 0 0 0 0 0 10,697

22,586 20,870 20,870 0 1,518 199 0 0 0 0 0 0 10,162

22,876 21,438 21,332 107 1,330 108 0 0 0 0 0 0 11,222

23,386 22,253 21,741 512 988 146 0 0 0 0 0 0 11,875

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

313 313 0 35 35 0 279 0 10 10 0 0 269 45 45 0 0

3,398 3,398 0 2,529 2,529 0 1,261 392 1,556 1,440 0 116 -294 4,084 3,968 0 116

7,017 7,017 0 6,780 6,780 0 -811 -1,049 2,025 1,784 62 179 -2,836 8,804 8,564 62 179

2,107 1,643 465 2,370 2,019 350 -428 -166 2,048 1,943 93 12 -2,477 4,418 3,962 443 12

1,494 1,150 344 3,139 2,704 435 -1,622 24 1,992 1,879 99 15 -3,614 5,131 4,583 534 15

1,429 1,123 306 3,381 3,022 359 -1,943 9 1,810 1,722 78 10 -3,753 5,191 4,744 437 10

1,215 1,215 0 2,815 2,722 93 -1,574 27 1,655 1,552 92 10 -3,228 4,470 4,274 185 10

1,036 1,036 0 2,964 2,823 141 -1,951 -23 1,419 1,334 76 9 -3,370 4,383 4,157 217 9

1,604 1,604 0 2,948 2,650 297 -1,434 -91 1,218 1,168 43 7 -2,653 4,166 3,819 340 7

1,782 1,782 0 3,216 2,777 439 -1,396 38 1,085 1,057 24 4 -2,481 4,301 3,834 463 4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

381 279 47 0 56 44 88 294

1,295 869 349 0 77 96 399 896

283 237 0 0 45 106 707 -424

-82 -377 260 0 35 110 199 -281

-945 -1,554 501 0 108 106 -118 -827

-1,343 -1,899 507 0 49 93 -336 -1,008

-1,008 -1,508 438 0 62 76 -200 -808

-549 -1,787 1,196 0 42 77 -775 226

114 -1,046 1,065 0 95 97 -912 1,027

-291 -995 634 0 71 146 -884 593

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

371 10 0 84 287

-831 1,440 687 239 -1,071

-1,652 1,784 152 395 -2,047

-2,198 1,943 174 -927 -1,271

-2,990 1,879 166 -1,314 -1,675

-3,241 1,722 176 -1,526 -1,715

-2,817 1,552 257 -1,331 -1,486

-1,985 1,334 103 -1,786 -199

-1,369 1,168 315 -1,879 509

-1,712 1,057 364 -1,758 47

4,742 .. 211 .. 352 ..

41,147 14,906 406 14,552 7,064 249

45,305 .. 790 .. 6,146 ..

50,745 .. 790 .. 13,556 ..

53,165 .. 670 .. 19,625 ..

53,683 .. 1,070 .. 25,151 ..

64,573 .. 1,090 .. 35,455 ..

.. 19.8 .. .. 0.2 37.5 .. 0.0 50.0 1.7

129.9 47.1 27.4 10.4 3.8 36.5 5.8 12.0 6.6 1.5

.. 61.8 .. .. 4.0 22.0 .. 0.7 12.3 15.1

.. 49.8 .. .. 3.3 53.6 .. 0.9 12.4 16.3

.. 42.5 .. .. 2.7 86.9 .. 0.9 12.2 17.7

.. 42.6 .. .. 2.3 109.9 .. 0.5 12.4 17.1

.. 36.2 .. .. 1.7 151.6 .. 0.6 12.9 17.6

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

59,955 13,887 352 12,448 2,703 1,420

45,649 .. 1,060 .. 9,667 ..

45,357 .. 1,060 .. 8,452 ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

202.7 47.0 63.4 14.6 3.4 9.6 2.6 2.8 3.1 7.2

.. 67.7 .. .. 4.5 31.3 .. 0.5 10.3 12.5

.. 67.6 .. .. 4.4 27.6 .. 0.6 10.9 14.3

45 ALGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

940 940 485 16 0 469 469 454 5 20 430 0 0 0

17,040 17,040 3,495 284 14 3,211 1,255 13,545 410 5,503 7,632 0 0 0

26,688 26,688 5,866 2,031 76 3,835 784 20,822 1,420 5,851 13,551 0 0 0

16 0

253 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

313 313 45 0 0 45 45 268 5 17 246 0 0 0

1997

1998

1999

2000

2001

2002

2003

28,712 28,712 18,284 3,852 368 14,432 2,802 10,428 0 4,009 6,419 0 0 0

28,482 28,482 19,466 4,392 394 15,074 2,938 9,016 0 3,698 5,318 0 0 0

25,896 25,896 18,503 4,236 474 14,266 2,975 7,393 0 3,386 4,007 0 0 0

23,332 23,332 17,480 4,123 453 13,357 2,688 5,851 0 2,763 3,088 0 0 0

20,870 20,870 16,197 3,999 436 12,198 2,320 4,673 0 2,219 2,453 0 0 0

21,438 21,332 16,363 3,912 417 12,451 2,422 4,969 0 2,213 2,756 107 0 107

22,253 21,741 16,811 4,116 498 12,696 2,508 4,930 0 1,955 2,974 512 0 512

1,208 0

1,795 0

1,676 0

1,540 0

1,425 0

1,329 0

1,203 0

1,056 0

3,398 3,398 566 54 1 512 78 2,832 30 891 1,911 0 0 0

7,017 7,017 1,835 612 9 1,223 282 5,182 0 206 4,976 0 0 0

1,643 1,643 1,208 790 59 419 161 434 0 29 406 0 0 0

1,150 1,150 751 594 75 157 81 399 0 6 393 0 0 0

1,123 1,123 734 428 133 306 226 389 0 3 385 0 0 0

1,215 1,215 795 349 41 446 152 420 0 0 419 0 0 0

1,036 1,036 464 340 50 124 79 572 0 3 570 0 0 0

1,604 1,527 490 390 33 100 75 1,037 0 252 786 77 0 77

1,782 1,331 597 550 128 47 41 734 0 15 719 451 0 451

0 0

39 0

300 0

250 0

56 0

62 0

58 0

83 0

70 0

50 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

35 35 13 3 0 10 10 22 0 2 19 0 0 0

2,529 2,529 244 42 1 203 72 2,284 15 918 1,352 0 0 0

6,780 6,780 1,174 312 6 862 97 5,606 16 1,330 4,260 0 0 0

2,019 2,019 1,044 698 35 346 116 975 0 110 865 0 0 0

2,704 2,704 977 412 39 565 145 1,727 0 477 1,250 0 0 0

3,022 3,022 1,119 420 48 699 197 1,903 0 463 1,440 0 0 0

2,722 2,722 1,056 349 53 707 223 1,666 0 458 1,208 0 0 0

2,823 2,823 1,281 524 66 757 226 1,542 0 391 1,151 0 0 0

2,650 2,590 1,497 642 61 855 234 1,093 0 367 726 60 0 60

2,777 2,766 1,552 535 54 1,017 265 1,214 0 394 820 11 0 11

3 0

13 0

130 0

234 0

208 0

199 0

172 0

177 0

200 0

202 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

279 279 32 -3 0 35 35 247 5 15 227 0 0 0

869 869 322 13 0 309 6 548 15 -27 559 0 0 0

237 237 662 300 3 362 185 -424 -15 -1,124 715 0 0 0

-377 -377 164 91 24 73 45 -541 0 -82 -459 0 0 0

-1,554 -1,554 -226 182 36 -408 -64 -1,328 0 -471 -857 0 0 0

-1,899 -1,899 -384 8 85 -392 28 -1,515 0 -460 -1,055 0 0 0

-1,508 -1,508 -262 -1 -12 -261 -71 -1,246 0 -458 -788 0 0 0

-1,787 -1,787 -817 -184 -16 -632 -147 -970 0 -389 -581 0 0 0

-1,046 -1,063 -1,007 -253 -28 -755 -159 -55 0 -115 60 17 0 17

-995 -1,435 -955 15 73 -970 -224 -480 0 -379 -102 440 0 440

-3 0

26 0

170 0

17 0

-152 0

-137 0

-114 0

-94 0

-130 0

-152 0

5. LONG-TERM DEBT

46 ALGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

10 10 4 1 0 3 3 6 0 0 6 0 0 0

1,440 1,440 159 29 1 130 35 1,280 45 672 563 0 0 0

1,784 1,784 312 117 6 195 17 1,472 105 526 841 0 0 0

1,943 1,943 1,126 252 19 874 101 817 0 246 571 0 0 0

1,879 1,879 1,197 279 18 917 107 682 0 217 465 0 0 0

1,722 1,722 1,190 318 20 872 109 532 0 178 354 0 0 0

1,552 1,552 1,131 297 17 834 108 421 0 153 267 0 0 0

1,334 1,334 1,011 248 23 764 96 322 0 122 200 0 0 0

1,168 1,164 966 304 17 662 87 198 0 68 129 5 0 5

1,057 1,055 875 253 18 622 87 180 0 46 134 3 0 3

1 0

25 0

73 0

120 0

124 0

126 0

128 0

119 0

104 0

85 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

269 269 28 -4 0 32 32 240 5 14 221 0 0 0

-570 -570 162 -17 -1 179 -29 -732 -30 -699 -4 0 0 0

-1,546 -1,546 349 183 -2 166 168 -1,896 -120 -1,650 -126 0 0 0

-2,320 -2,320 -962 -161 5 -801 -56 -1,358 0 -328 -1,029 0 0 0

-3,433 -3,433 -1,422 -97 18 -1,325 -170 -2,010 0 -689 -1,322 0 0 0

-3,621 -3,621 -1,574 -310 65 -1,264 -81 -2,046 0 -638 -1,409 0 0 0

-3,060 -3,060 -1,393 -298 -29 -1,095 -179 -1,667 0 -611 -1,056 0 0 0

-3,120 -3,120 -1,828 -432 -38 -1,396 -243 -1,292 0 -511 -782 0 0 0

-2,214 -2,227 -1,973 -556 -45 -1,417 -247 -253 0 -183 -70 12 0 12

-2,052 -2,489 -1,829 -238 55 -1,592 -311 -660 0 -425 -235 437 0 437

-4 0

0 0

97 0

-103 0

-276 0

-263 0

-242 0

-213 0

-233 0

-237 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

45 45 17 4 0 13 13 28 0 3 25 0 0 0

3,968 3,968 404 71 2 333 107 3,564 60 1,590 1,915 0 0 0

8,564 8,564 1,486 429 12 1,057 114 7,078 120 1,856 5,101 0 0 0

3,962 3,962 2,171 951 54 1,220 218 1,792 0 357 1,435 0 0 0

4,583 4,583 2,173 691 57 1,483 251 2,409 0 694 1,715 0 0 0

4,744 4,744 2,309 739 68 1,570 306 2,435 0 641 1,794 0 0 0

4,274 4,274 2,188 646 70 1,541 332 2,087 0 612 1,475 0 0 0

4,157 4,157 2,292 771 88 1,521 321 1,865 0 513 1,351 0 0 0

3,819 3,754 2,463 946 77 1,517 321 1,291 0 435 855 65 0 65

3,834 3,820 2,427 788 73 1,639 352 1,394 0 440 954 14 0 14

4 0

39 0

203 0

353 0

332 0

325 0

300 0

296 0

304 0

286 0

737 579 159

11,717 4,169 7,548

12,954 5,254 7,700

6,048 4,368 1,681

5,649 3,961 1,688

5,298 3,613 1,684

4,202 2,862 1,341

4,135 2,751 1,384

2,851 1,847 1,004

2,073 1,560 513

469 26 940 0

1,269 4,265 17,040 0

860 10,711 26,608 80

3,170 15,634 28,596 116

3,333 15,139 28,322 160

3,449 13,477 25,758 137

3,141 11,886 23,210 122

2,755 10,571 20,757 112

2,839 10,423 21,189 250

3,006 10,718 21,571 682

30.0 .. .. 12.6 1.3 0.7 46.5 2.1 0.0 6.9

32.9 .. .. 13.1 1.4 0.9 42.7 1.9 0.0 7.1

37.7 .. .. 12.9 1.7 0.9 37.2 1.8 0.0 7.8

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 1.9 36.0 0.0 8.3 0.2 37.0 1.7 0.0 15.1

.. 9.9 10.9 13.4 2.2 2.7 41.5 3.4 0.0 16.0

.. 10.4 17.7 15.1 1.5 0.8 33.5 4.8 0.0 16.2

.. 6.6 15.5 11.8 1.1 0.5 41.5 7.9 0.0 15.1

.. 6.7 15.1 12.1 1.0 0.4 44.8 1.8 0.0 18.1

.. 5.8 13.3 15.1 1.0 0.4 44.5 1.9 0.0 17.9

.. 5.5 12.5 14.5 1.0 0.5 44.7 2.0 0.0 19.3

47 ALGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 2,295 558 2 .. 0 0 0 0 .. 0 2,114 543 0 .. 0 219 81 0 .. 0 1,895 461 0 .. 0 89 0 0 .. 0 20 0 0 .. 0 69 0 0 .. 0 10 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION -214 -2,681 .. 912 -2,753 1,261 -811 -428 -1,622 -1,943 .. 0 0 0 0 .. 0 89 0 0 .. 0 -10 0 0 .. 1,669 -2,227 1,186 -1,028 .. 55 -177 222 290 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-2,725 -1,574 0 0 0 -1,144 -8

-2,685 -1,951 0 0 0 -916 182

290 -1,434 0 0 0 1,685 39

510 -1,396 0 0 0 1,955 -48

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 279 .. .. .. .. ..

5.7 12.7 3.6 23.0

8.1 12.5 3.5 8.3

8.4 9.1 2.5 6.9

5.5 12.3 3.2 20.0

5.4 11.3 3.1 19.5

4.9 10.9 2.9 22.7

6.2 11.1 3.0 16.7

3.2 12.0 3.2 31.5

2.8 13.6 3.5 34.2

2.1 11.8 3.0 35.9

2.8 23.9 9.2 54.3

7.7 17.6 5.1 13.5

7.0 16.8 4.0 19.5

5.5 12.7 3.6 20.8

6.1 14.8 3.6 19.4

5.4 13.1 4.4 24.5

6.2 14.9 4.1 20.8

4.5 17.5 4.8 32.6

2.6 21.7 6.2 50.7

1.8 15.0 4.0 44.9

6.4 9.8 2.1 14.8

8.4 9.7 2.6 5.5

8.9 6.5 2.0 2.8

5.8 10.6 1.7 16.9

4.7 7.9 2.7 19.6

4.6 9.6 2.0 21.6

6.2 7.1 1.9 12.5

2.8 10.1 2.7 31.1

3.0 7.8 1.5 22.1

2.9 4.7 0.9 15.5

378 3,538 8,054 1,565 963 1,270 1,418 78 1,258 1,983 1,237 469 486 717 299 2,279 6,071 328 494 784 701 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,709 425 1,284

1,154 488 666

587 407 180

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

775 3,226 869

455 3,085 763

265 2,863 653

155 2,814 543

110 2,964 430

76 2,962 310

48 1,931 202

20 1,788 123

12 401 67

8 368 55

452 1,937 713

319 1,968 641

220 1,976 562

149 2,138 477

107 2,371 383

76 2,445 279

48 1,638 185

20 1,617 112

12 291 61

8 274 51

45 1,219 505

27 1,327 455

15 1,458 400

9 1,673 337

5 1,888 265

2 2,014 185

0 1,243 109

0 1,311 53

0 48 15

0 61 14

407 718 209

292 641 186

205 518 162

140 465 139

103 483 117

74 430 95

47 395 76

20 306 59

12 243 47

8 213 37

323 1,289 156

136 1,118 122

45 887 91

6 676 67

2 593 47

0 518 30

0 294 18

0 170 10

0 110 6

0 94 4

12 399 36

5 399 28

2 339 21

0 229 15

0 229 10

0 229 6

0 114 1

0 1 0

0 0 0

0 0 0

312 890 120

131 719 93

43 548 70

6 447 52

2 364 37

0 289 25

0 179 16

0 169 10

0 110 6

0 94 4

48 ANGOLA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

8,594 7,605 7,605 0 0 989 204 52 152 497 86 412 1,639

9,950 8,683 8,683 0 0 1,267 547 188 359 1,722 414 1,308 2,208

10,786 9,101 9,101 0 0 1,685 785 259 526 2,394 569 1,825 1,721

10,300 8,715 8,715 0 0 1,586 889 284 605 2,690 682 2,008 1,874

9,410 8,087 8,087 0 0 1,323 874 252 622 2,855 735 2,119 1,862

9,236 7,784 7,784 0 0 1,451 1,006 266 740 3,355 866 2,489 1,682

9,247 8,038 8,038 0 0 1,209 962 287 675 3,415 941 2,474 2,114

9,698 8,576 8,576 0 0 1,122 938 351 588 3,568 1,065 2,503 2,092

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

862 862 0 183 183 0 977 298 143 100 0 43 834 326 283 0 43

1,190 1,190 0 816 816 0 418 44 195 148 0 46 224 1,011 965 0 46

790 790 0 1,285 1,285 0 -314 180 247 202 0 45 -562 1,532 1,487 0 45

943 943 0 1,270 1,270 0 -530 -203 158 114 0 45 -689 1,428 1,384 0 45

1,045 1,045 0 1,530 1,530 0 -733 -248 175 149 0 26 -909 1,705 1,680 0 26

1,063 1,063 0 1,384 1,384 0 -325 -4 147 125 0 22 -472 1,531 1,509 0 22

822 822 0 1,228 1,228 0 -604 -198 163 145 0 19 -767 1,391 1,372 0 19

1,574 1,574 0 1,143 1,143 0 368 -63 195 188 0 6 173 1,338 1,331 0 6

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

536 679 -335 0 192 36 302 235

1,028 374 412 0 242 57 229 798

836 -494 1,114 0 216 52 -137 973

2,406 -327 2,471 0 261 58 -105 2,510

599 -485 879 0 206 52 -28 628

2,038 -321 2,145 0 213 63 -108 2,146

1,602 -406 1,672 0 336 68 306 1,296

2,258 431 1,415 0 412 84 355 1,903

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

122 100 314 283 -161

320 148 559 208 112

255 202 378 -152 408

1,639 114 653 -113 1,752

-479 149 929 -64 -414

986 125 927 -117 1,103

357 145 1,100 296 61

370 188 1,700 342 28

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

4,655 5,334 0 7,100 496 -1,710

7,178 8,222 0 7,454 1,198 796

7,910 6,760 0 8,281 732 -1,431

9,308 8,552 0 8,734 376 -150

10,728 8,974 0 9,505 634 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

193.1 221.3 26.8 3.0 3.4 4.8 0.8 15.4 19.5 3.0

114.4 131.1 20.7 2.1 2.4 12.7 1.9 14.1 19.0 3.1

136.6 116.8 22.7 2.2 1.9 7.9 1.1 15.7 17.1 3.0

108.1 99.3 16.3 1.9 1.8 4.1 0.5 13.1 17.9 3.4

108.1 90.4 14.9 2.2 1.8 6.5 0.8 11.6 17.8 3.6

3. MAJOR ECONOMIC AGGREGATES 8,214 4,003 0 4,161 .. -236

6,413 5,257 0 6,236 396 -884

5,230 3,699 0 5,718 203 -1,867

4. DEBT INDICATORS 214.7 104.6 8.1 3.6 1.7 .. .. 11.5 13.9 0.7

189.3 155.2 19.2 3.7 3.0 4.0 0.8 12.7 22.2 2.3

291.6 206.2 41.4 6.7 4.7 1.9 0.4 15.6 22.1 2.6

49 ANGOLA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

7,605 7,605 1,839 57 20 1,782 1,177 5,767 0 143 5,624 0 0 0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

8,683 8,683 2,870 234 168 2,636 2,044 5,813 0 3,527 2,287 0 0 0

9,101 9,101 3,402 279 212 3,123 2,173 5,700 0 2,648 3,051 0 0 0

8,715 8,715 2,980 312 246 2,668 1,758 5,734 0 2,766 2,969 0 0 0

8,087 8,087 2,703 294 253 2,409 1,538 5,383 0 2,625 2,758 0 0 0

7,784 7,784 2,440 276 253 2,164 1,328 5,344 0 2,679 2,666 0 0 0

8,038 8,038 2,893 316 292 2,577 1,366 5,145 0 2,304 2,842 0 0 0

8,576 8,576 3,133 349 323 2,784 1,403 5,443 0 3,024 2,419 0 0 0

0 0

0 136

0 179

0 214

0 226

0 228

0 265

0 291

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

862 862 169 5 4 164 54 693 0 17 676 0 0 0

1,190 1,190 36 28 28 8 8 1,154 0 1,126 29 0 0 0

790 790 81 36 36 45 45 709 0 549 160 0 0 0

943 943 68 39 39 29 29 875 0 835 40 0 0 0

1,045 1,045 34 24 24 10 10 1,011 0 1,010 0 0 0 0

1,063 1,063 16 13 12 3 3 1,047 0 1,046 2 0 0 0

822 822 21 21 21 1 1 801 0 800 1 0 0 0

1,574 1,574 16 10 5 7 7 1,558 0 1,555 3 0 0 0

.. ..

.. ..

0 0

0 28

0 36

0 39

0 24

0 11

0 21

0 5

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

183 183 59 4 0 56 1 123 0 8 115 0 0 0

816 816 48 1 0 48 8 768 0 621 147 0 0 0

1,285 1,285 434 0 0 434 363 850 0 702 148 0 0 0

1,270 1,270 434 1 0 432 406 836 0 776 60 0 0 0

1,530 1,530 268 27 4 241 213 1,262 0 1,149 113 0 0 0

1,384 1,384 337 6 1 331 302 1,046 0 986 60 0 0 0

1,228 1,228 51 6 3 45 2 1,177 0 1,111 66 0 0 0

1,143 1,143 73 6 4 67 20 1,070 0 835 234 0 0 0

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 1

0 3

0 4

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

679 679 109 1 4 109 53 570 0 8 562 0 0 0

374 374 -13 27 28 -40 0 387 0 504 -118 0 0 0

-494 -494 -353 36 36 -390 -319 -141 0 -153 12 0 0 0

-327 -327 -366 38 39 -404 -377 39 0 59 -20 0 0 0

-485 -485 -234 -4 20 -231 -203 -251 0 -139 -112 0 0 0

-321 -321 -322 7 11 -328 -299 1 0 60 -59 0 0 0

-406 -406 -29 15 18 -44 -1 -376 0 -311 -65 0 0 0

431 431 -57 3 1 -60 -13 488 0 720 -232 0 0 0

.. ..

.. ..

0 0

0 28

0 36

0 39

0 24

0 11

0 18

0 1

5. LONG-TERM DEBT

50 ANGOLA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

100 100 19 2 0 16 1 81 0 5 76 0 0 0

148 148 21 1 1 20 5 127 0 92 36 0 0 0

202 202 15 1 1 14 3 187 0 150 37 0 0 0

114 114 9 2 1 7 1 105 0 89 16 0 0 0

149 149 36 28 4 8 2 113 0 93 20 0 0 0

125 125 9 4 2 5 1 116 0 106 10 0 0 0

145 145 10 3 2 7 1 135 0 119 15 0 0 0

188 188 14 3 2 11 1 175 0 145 29 0 0 0

.. ..

.. ..

0 0

0 1

0 1

0 1

0 2

0 1

0 2

0 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

579 579 91 -2 4 92 52 488 0 3 485 0 0 0

226 226 -34 26 27 -60 -6 259 0 413 -154 0 0 0

-697 -697 -368 35 34 -403 -321 -328 0 -303 -25 0 0 0

-441 -441 -375 36 37 -410 -377 -66 0 -29 -37 0 0 0

-635 -635 -270 -32 16 -239 -205 -364 0 -232 -132 0 0 0

-446 -446 -331 3 9 -334 -300 -115 0 -46 -69 0 0 0

-550 -550 -39 12 16 -51 -2 -511 0 -430 -81 0 0 0

243 243 -71 0 -1 -71 -14 313 0 575 -261 0 0 0

.. ..

.. ..

0 0

0 27

0 34

0 37

0 22

0 9

0 16

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

283 283 78 6 0 72 2 205 0 14 191 0 0 0

965 965 69 1 1 68 14 895 0 713 182 0 0 0

1,487 1,487 449 1 1 448 366 1,038 0 852 186 0 0 0

1,384 1,384 442 3 1 439 406 941 0 865 77 0 0 0

1,680 1,680 304 56 8 249 215 1,375 0 1,242 133 0 0 0

1,509 1,509 346 10 3 336 303 1,163 0 1,092 71 0 0 0

1,372 1,372 61 9 5 52 2 1,312 0 1,230 81 0 0 0

1,331 1,331 87 9 6 78 21 1,244 0 980 264 0 0 0

.. ..

.. ..

0 0

0 1

0 1

0 1

0 2

0 2

0 4

0 5

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

1,351 488 863

779 320 459

562 246 316

365 164 200

315 155 160

129 115 14

113 100 13

384 154 230

.. .. .. ..

.. .. .. ..

1,197 450 7,600 5

2,212 1,957 8,655 28

2,385 1,655 9,075 26

2,004 1,395 8,688 26

1,791 1,230 8,060 26

1,581 1,213 7,758 26

1,658 1,416 8,012 26

1,726 1,246 8,552 24

.. 0.3 3.6 0.5 1.0 0.1 86.3 0.6 1.7 5.9

7.2 .. .. 0.4 1.0 0.1 86.7 0.5 1.7 2.4

8.3 .. .. 0.4 1.0 0.0 85.5 0.5 1.8 2.4

7.0 .. .. 0.5 1.1 0.0 86.7 0.5 1.8 2.5

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 0.3 3.6 0.3 1.4 0.7 80.7 0.5 0.0 12.5

.. 0.2 4.0 0.3 1.0 0.1 87.4 0.9 0.9 5.2

.. 0.3 4.1 0.4 1.0 0.1 85.8 0.9 1.1 6.3

.. 0.3 3.6 0.5 1.0 0.1 86.2 0.9 1.4 5.9

51 ANGOLA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 252 95 528 0 .. 53 0 0 0 .. 160 28 3 3 .. 16 0 0 0 .. 143 28 3 3 .. 43 0 34 0 .. 8 0 0 0 .. 35 0 34 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 836 -486 .. 1,303 -598 .. 977 418 -314 -530 54 238 104 .. 130 .. 43 0 34 0 .. 0 0 0 0 -133 59 -115 .. 150 55 .. 3 -936 820 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 3 0 3 0 0 0 0 0 0 0

0 0 5 0 5 0 0 0 0 0 0 0

0 0 18 0 18 2 0 2 0 0 9 0

61 138 5 1 4 0 0 0 0 0 0 0

-891 -733 -15 0 0 -78 -65

-174 -325 132 0 0 -51 70

11 -604 -45 2 -9 154 513

452 368 -23 0 0 189 -82

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

6.9 10.2 2.6 14.3

7.6 5.9 0.9 6.6

7.2 8.3 0.9 11.6

7.8 2.8 0.6 2.9

4.9 4.3 1.6 11.4

5.0 4.0 0.5 9.2

4.9 5.0 2.4 14.2

3.7 6.3 0.7 15.1

.. .. .. ..

.. .. .. ..

5.7 14.1 3.7 22.0

3.0 22.3 4.1 46.9

1.4 29.5 1.9 59.0

0.0 0.0 0.0 0.0

0.8 39.8 10.3 80.6

0.0 0.0 0.0 0.0

0.8 49.6 10.1 83.0

1.3 34.9 8.3 68.7

.. .. .. ..

.. .. .. ..

7.7 7.7 1.8 9.1

7.7 5.5 0.8 5.5

7.8 5.8 0.8 6.1

7.8 2.8 0.6 2.9

5.0 3.1 1.3 9.1

5.0 4.0 0.5 9.2

5.0 4.4 2.3 13.2

3.8 4.5 0.3 11.7

.. .. 523 1,556 521 787 1,033 .. .. 210 43 54 0 33 .. .. 313 1,513 466 787 1,000 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,045 0 1,045

811 11 800

1,886 111 1,775

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

154 1,211 172

86 964 135

53 728 99

21 531 73

19 431 53

14 187 41

11 183 33

7 102 26

4 92 22

3 94 17

18 192 67

29 191 61

25 187 54

21 156 47

19 155 40

14 118 34

11 115 29

7 87 24

4 84 20

3 87 16

9 181 64

12 180 57

7 176 50

4 149 44

2 147 37

1 111 31

0 107 26

0 79 21

0 74 17

0 74 13

8 10 4

17 11 4

18 10 3

17 7 3

17 8 3

13 8 3

10 8 3

7 8 3

4 10 3

3 14 3

137 1,019 105

57 774 74

28 541 45

0 375 26

0 276 13

0 69 7

0 68 4

0 15 2

0 9 1

0 7 1

135 856 92

56 718 66

28 487 38

0 325 21

0 230 9

0 28 4

0 28 2

0 10 1

0 4 0

0 2 0

1 163 12

1 56 8

0 54 7

0 50 5

0 45 4

0 41 3

0 40 2

0 5 1

0 5 1

0 5 1

52 ARGENTINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

5,810 5,171 1,880 3,291 0 639 0 0 0 0 0 0 0

27,157 16,774 10,181 6,593 0 10,383 0 0 0 0 0 0 0

62,233 48,676 46,876 1,800 3,083 10,473 7,590 132 7,458 4,372 224 4,147 8,964

128,411 90,555 67,144 23,411 5,868 31,988 0 0 0 0 0 0 10,951

141,549 105,151 77,285 27,865 5,442 30,956 0 0 0 0 0 0 5,820

145,763 111,870 84,550 27,319 4,478 29,415 0 0 0 0 0 0 4,812

147,468 114,097 88,188 25,909 5,056 28,315 0 0 0 0 0 0 4,330

154,081 120,100 88,472 31,628 13,976 20,004 4 0 4 0 0 0 3,309

149,989 120,554 92,075 28,479 14,340 15,095 5,479 167 5,312 8,562 486 8,075 3,644

166,207 127,687 99,300 28,387 15,523 22,997 12,650 358 12,292 17,293 1,186 16,107 4,252

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

907 907 0 772 772 0 135 0 338 338 0 0 -203 1,110 1,110 0 0

4,708 4,708 0 1,853 1,853 0 6,327 3,472 2,329 1,337 0 992 3,998 4,182 3,190 0 992

1,587 1,150 437 3,443 2,745 697 -1,856 0 2,716 2,208 277 231 -4,571 6,158 4,953 975 231

19,539 19,097 442 10,889 10,410 479 17,141 8,491 7,332 5,724 276 1,332 9,808 18,221 16,135 755 1,332

25,289 25,289 0 12,549 11,892 657 11,708 -1,032 8,937 7,099 264 1,574 2,771 21,486 18,992 921 1,574

23,322 23,322 0 15,455 14,631 824 6,326 -1,541 10,226 8,467 197 1,562 -3,900 25,681 23,099 1,021 1,562

21,126 19,032 2,094 15,733 14,453 1,280 4,293 -1,100 11,612 9,686 195 1,732 -7,319 27,345 24,139 1,475 1,732

13,448 3,048 10,399 10,803 9,622 1,181 -5,670 -8,315 4,862 3,410 416 1,036 -10,532 15,665 13,032 1,597 1,036

1,673 1,673 0 3,191 2,448 743 -1,816 -383 2,100 1,231 677 192 -4,382 5,291 3,679 1,420 192

11,155 5,554 5,601 11,947 6,204 5,743 -62 730 2,061 1,258 504 299 -2,123 14,009 7,462 6,247 299

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

222 135 90 0 -3 12 49 173

3,535 2,855 678 0 2 35 60 3,475

261 -1,595 1,836 0 21 71 477 -215

19,275 8,687 9,160 1,391 37 77 -40 19,314

20,516 13,397 7,291 -210 38 72 1,737 18,780

21,930 8,691 23,988 -10,773 24 91 753 21,177

11,801 4,579 10,418 -3,227 31 77 100 11,701

-4,350 -6,574 2,166 31 26 66 1,126 -5,476

256 -775 1,093 -116 54 57 -630 886

472 -650 1,020 65 37 67 -696 1,169

-116 338 0 15 -132

1,593 1,337 605 -86 1,679

-2,584 2,208 637 21 -2,604

10,811 5,724 2,739 -1,293 12,105

10,652 7,099 2,765 540 10,112

11,363 8,467 2,100 -647 12,010

-971 9,686 3,086 -1,494 523

-9,157 3,410 1,397 -354 -8,803

-1,515 1,231 540 -1,708 192

-2,265 1,258 1,480 -1,702 -563

30,396 .. 0 .. 682 ..

76,287 11,202 56 15,999 9,297 -4,774

276,066 34,064 64 46,437 26,350 -11,948

276,682 38,645 86 47,987 25,152 -8,989

260,927 36,497 190 40,624 14,556 -3,853

95,544 31,972 187 23,231 10,492 9,142

122,171 36,988 253 29,516 14,157 7,838

.. 19.1 .. .. 1.1 11.7 .. 11.0 2.9 4.8

242.4 35.6 37.3 20.8 3.1 34.2 7.0 38.2 1.3 4.0

427.9 52.8 75.4 30.0 3.7 18.1 6.8 20.2 1.4 10.5

381.6 53.3 70.8 30.0 4.2 17.1 6.3 19.2 1.1 11.0

422.2 59.1 42.9 13.3 1.9 9.4 4.3 13.0 0.9 11.6

469.1 157.0 16.6 6.6 2.2 7.0 5.4 10.1 0.8 11.2

449.3 136.0 37.9 5.6 1.7 8.5 5.8 13.8 0.8 9.9

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

135,150 16,654 0 13,100 6,222 4,552

286,657 36,515 66 49,207 22,425 -12,219

291,561 37,384 69 52,315 24,856 -14,510

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

373.7 46.0 37.0 16.3 2.0 10.0 5.7 16.8 0.8 8.0

351.7 44.8 49.9 20.1 2.6 17.5 5.5 24.9 1.8 8.0

378.6 48.5 57.5 23.9 3.1 17.6 5.7 21.9 1.6 9.4

53 ARGENTINA (US$ million, unless otherwise indicated) 1970

1980

1990

5,171 1,880 637 281 1 356 166 1,243 386 121 735 3,291 0 3,291

16,774 10,181 1,903 1,087 36 816 329 8,278 832 6,065 1,381 6,593 0 6,593

48,676 46,876 11,226 5,007 30 6,219 498 35,650 11,514 22,631 1,504 1,800 21 1,779

181 0

404 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

907 482 162 64 0 98 46 321 119 53 149 424 0 424

1997

1998

1999

2000

2001

2002

2003

90,555 67,144 18,352 10,268 5 8,084 2,270 48,792 47,563 1,059 171 23,411 10,311 13,100

105,151 77,285 20,492 13,317 3 7,175 2,197 56,794 55,696 982 116 27,865 11,873 15,992

111,870 84,550 20,991 15,324 1 5,667 2,056 63,559 62,771 718 71 27,319 12,130 15,189

114,097 88,188 20,534 16,235 0 4,299 1,686 67,653 67,111 503 39 25,909 11,138 14,771

120,100 88,472 21,211 17,890 0 3,320 1,344 67,262 66,828 414 20 31,628 9,834 21,794

120,554 92,075 21,305 16,727 0 4,579 1,182 70,770 70,231 516 23 28,479 9,834 18,645

127,687 99,300 21,373 16,381 0 4,992 1,281 77,928 77,316 592 19 28,387 9,834 18,553

2,609 0

5,494 0

7,188 0

8,314 0

8,789 0

9,440 0

8,513 0

7,508 0

4,708 2,839 276 207 6 69 13 2,563 136 2,173 253 1,869 0 1,869

1,150 1,129 910 736 0 174 149 219 0 183 36 21 21 0

19,097 11,868 1,887 1,673 0 214 97 9,981 9,927 54 0 7,229 3,084 4,145

25,289 15,289 3,504 3,487 0 17 11 11,785 11,768 17 0 10,001 3,976 6,025

23,322 15,373 2,814 2,798 0 16 11 12,560 12,542 18 0 7,949 1,330 6,619

19,032 14,550 1,937 1,923 0 13 11 12,613 12,611 2 0 4,482 1,408 3,075

3,048 2,821 2,821 2,811 0 10 9 0 0 0 0 227 169 58

1,673 1,673 1,671 835 0 836 0 2 0 2 0 0 0 0

5,554 4,614 4,614 4,613 0 0 0 0 0 0 0 940 0 940

32 0

71 0

405 0

797 0

2,029 0

1,573 0

1,019 0

1,329 0

424 0

1,963 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

772 344 110 16 0 94 11 233 20 69 145 428 0 428

1,853 1,146 218 121 4 97 34 927 178 481 268 707 0 707

2,745 2,745 454 405 2 49 0 2,292 878 1,342 72 0 0 0

10,410 6,943 1,964 568 2 1,396 144 4,979 4,738 153 88 3,468 1,468 2,000

11,892 6,298 1,806 669 2 1,137 205 4,492 4,244 178 70 5,594 2,462 3,133

14,631 5,852 2,084 770 2 1,314 254 3,767 3,515 209 44 8,780 2,357 6,423

14,453 8,950 1,868 825 1 1,043 262 7,082 6,863 189 31 5,503 2,309 3,194

9,622 5,405 1,721 968 0 753 260 3,684 3,569 97 19 4,217 1,058 3,159

2,448 2,376 2,356 2,266 0 90 57 20 0 13 6 73 0 73

6,204 5,373 5,347 5,319 0 28 9 27 18 5 4 831 0 831

5 0

34 0

233 0

299 0

350 0

445 0

538 0

676 0

1,353 0

2,968 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

135 139 52 47 0 5 35 87 99 -16 4 -4 0 -4

2,855 1,693 58 86 2 -29 -20 1,635 -42 1,692 -16 1,162 0 1,162

-1,595 -1,616 456 332 -2 124 149 -2,072 -878 -1,159 -36 21 21 0

8,687 4,926 -77 1,105 -2 -1,181 -48 5,002 5,190 -99 -88 3,761 1,616 2,145

13,397 8,991 1,698 2,818 -2 -1,120 -194 7,292 7,523 -161 -70 4,406 1,514 2,892

8,691 9,522 729 2,028 -2 -1,298 -243 8,792 9,027 -191 -44 -831 -1,027 196

4,579 5,600 69 1,098 -1 -1,029 -251 5,531 5,748 -187 -31 -1,021 -901 -120

-6,574 -2,584 1,100 1,843 0 -743 -251 -3,684 -3,569 -97 -19 -3,989 -889 -3,100

-775 -703 -684 -1,431 0 746 -57 -18 0 -12 -6 -73 0 -73

-650 -760 -733 -705 0 -28 -9 -26 -18 -5 -4 109 0 109

27 0

37 0

172 0

498 0

1,678 0

1,128 0

481 0

653 0

-928 0

-1,005 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

54 ARGENTINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

338 121 33 18 0 16 4 88 23 9 56 217 0 217

1,337 841 146 97 1 49 15 695 80 504 111 496 0 496

2,208 2,064 456 375 1 81 0 1,608 973 621 13 144 0 144

5,724 4,494 1,254 692 0 562 103 3,240 3,155 71 14 1,230 806 424

7,099 5,428 1,197 728 0 469 100 4,230 4,129 92 10 1,672 907 765

8,467 6,276 1,401 1,022 0 379 88 4,875 4,805 63 7 2,191 1,157 1,035

9,686 7,645 1,593 1,256 0 338 92 6,052 5,909 138 4 2,041 1,109 932

3,410 2,179 1,480 1,208 0 271 67 699 568 128 2 1,231 1,033 198

1,231 1,175 1,078 1,006 0 71 24 97 0 95 2 56 0 56

1,258 1,139 1,006 983 0 22 1 134 132 1 0 118 0 118

11 0

37 0

181 0

335 0

375 0

537 0

701 0

713 0

517 0

382 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-203 18 18 30 0 -11 31 0 77 -25 -52 -221 0 -221

1,518 852 -88 -11 1 -77 -35 940 -122 1,189 -127 666 0 666

-3,803 -3,680 0 -44 -2 43 149 -3,680 -1,851 -1,780 -50 -123 21 -144

2,962 432 -1,330 412 -2 -1,743 -150 1,762 2,035 -170 -102 2,531 810 1,721

6,298 3,563 501 2,091 -2 -1,589 -294 3,062 3,395 -252 -80 2,734 607 2,127

224 3,246 -671 1,006 -2 -1,677 -331 3,917 4,222 -254 -50 -3,022 -2,184 -838

-5,107 -2,045 -1,524 -157 -1 -1,367 -344 -521 -161 -325 -35 -3,062 -2,010 -1,052

-9,983 -4,763 -380 635 0 -1,014 -319 -4,383 -4,137 -225 -21 -5,220 -1,922 -3,298

-2,006 -1,877 -1,762 -2,437 0 675 -81 -115 0 -107 -8 -129 0 -129

-1,908 -1,899 -1,739 -1,688 0 -50 -10 -160 -150 -6 -5 -9 0 -9

16 0

0 0

-10 0

162 0

1,303 0

591 0

-220 0

-59 0

-1,445 0

-1,387 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,110 464 143 34 0 109 15 321 42 78 201 646 0 646

3,190 1,987 364 219 5 146 48 1,623 258 985 380 1,203 0 1,203

4,953 4,809 910 780 2 130 0 3,899 1,851 1,963 86 144 0 144

16,135 11,437 3,218 1,260 2 1,957 247 8,219 7,893 224 102 4,698 2,274 2,424

18,992 11,725 3,003 1,397 2 1,606 305 8,723 8,373 269 80 7,266 3,369 3,898

23,099 12,128 3,485 1,792 2 1,693 341 8,643 8,320 272 50 10,971 3,514 7,457

24,139 16,595 3,461 2,080 1 1,380 354 13,134 12,772 327 35 7,544 3,418 4,126

13,032 7,584 3,200 2,176 0 1,024 328 4,383 4,137 225 21 5,448 2,091 3,356

3,679 3,550 3,433 3,272 0 161 81 117 0 109 8 129 0 129

7,462 6,513 6,352 6,302 0 51 10 160 150 6 5 949 0 949

16 0

71 0

414 0

635 0

725 0

982 0

1,239 0

1,388 0

1,870 0

3,350 0

576 325 252

2,176 1,122 1,054

2,355 1,936 418

6,434 6,022 412

9,088 8,965 123

9,045 7,928 1,118

5,731 5,367 364

6,728 6,560 168

5,809 5,608 201

4,572 4,340 233

167 3,291 1,780 3,390

365 12,417 7,979 8,795

529 28,167 44,707 3,969

2,274 45,532 67,063 23,492

2,200 54,173 77,221 27,929

2,056 55,838 84,488 27,381

1,686 53,304 88,136 25,961

1,344 57,754 88,431 31,670

1,182 53,456 92,038 28,516

1,281 52,932 99,268 28,419

24.3 .. .. 4.0 0.3 0.3 68.4 2.6 0.0 0.1

28.2 .. .. 4.3 0.4 0.4 64.4 2.3 0.0 0.1

31.4 .. .. 4.4 0.4 0.4 61.3 1.9 0.0 0.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 15.7 1.8 0.2 2.9 1.9 47.7 17.7 0.0 12.0

.. 9.5 1.2 5.8 1.6 3.4 64.5 10.3 0.0 3.6

.. 10.4 1.5 6.7 1.1 2.2 54.5 19.5 0.0 4.1

.. 13.3 0.7 6.8 0.8 1.0 61.7 10.5 0.0 5.2

.. 14.0 0.7 6.2 0.7 0.7 63.8 4.0 0.0 9.8

.. 10.4 0.4 5.7 0.6 0.5 64.7 3.4 0.0 14.4

.. 8.4 0.4 5.7 0.5 0.4 63.5 2.9 0.0 18.1

55 ARGENTINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 932 0 0 0 .. 0 0 0 0 .. 512 0 0 0 .. 381 0 0 0 .. 131 0 0 0 .. 420 0 0 0 .. 382 0 0 0 .. 38 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 7,202 2,700 2,729 767 .. 1,232 2,085 2,100 667 8. DEBT STOCK-FLOW RECONCILIATION .. -3,024 17,033 13,138 4,214 6,327 -1,856 17,141 11,708 6,326 .. 1,949 0 0 0 .. 420 0 0 0 -615 -629 -100 .. -5,970 734 -2,554 .. 1,346 -4,175 541 .. 1,086 4,682 1,325 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 3,434 2,745

0 0 0 0 0 0 0 0 0 0 191 0

0 0 0 0 0 0 0 0 0 0 586 0

0 0 0 0 0 0 0 0 0 0 0 0

1,705 4,293 0 0 -689 -2,801 901

6,612 -5,670 4 0 -191 -2,534 15,004

-4,092 -1,816 5,475 0 -586 6,371 -3,450

16,218 -62 7,172 0 0 6,466 2,643

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 135 .. .. .. .. ..

7.3 11.9 2.9 12.6

13.7 8.6 4.5 -17.5

6.4 17.1 3.5 19.3

8.2 14.5 12.1 8.5

8.9 12.2 10.1 5.9

9.5 8.8 7.4 0.2

9.9 11.7 11.5 -2.7

5.9 14.4 4.2 20.9

3.4 11.7 4.6 28.2

3.3 9.7 3.5 31.8

7.5 16.7 3.4 11.4

6.1 14.5 5.2 20.2

6.5 19.2 4.0 20.6

6.7 16.3 4.1 18.4

8.5 9.5 4.0 7.6

7.9 11.1 3.3 10.3

7.2 18.2 4.8 17.2

5.9 14.4 4.2 20.9

3.4 11.7 4.6 28.2

3.3 9.7 3.5 31.8

7.3 10.6 2.7 13.0

14.3 8.2 4.4 -20.5

6.0 8.4 1.3 14.1

8.5 14.0 13.9 6.2

9.1 13.8 13.8 4.8

9.7 8.4 8.1 -1.4

10.0 11.6 11.6 -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

494 3,062 572 15,724 18,777 15,712 11,985 105 225 460 2,997 6,996 2,142 196 389 2,837 113 12,727 11,781 13,570 11,789 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

3,844 3,844 0

455 455 0

3,807 3,807 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,958 17,394 7,633

962 12,491 6,700

651 9,605 6,036

394 11,911 5,401

207 13,759 4,433

95 7,545 3,642

40 5,202 3,346

13 3,251 3,075

4 1,818 2,946

1 952 2,857

1,791 2,573 965

933 2,644 888

639 2,944 784

394 3,269 641

207 2,734 486

95 1,756 380

40 1,564 310

13 1,296 251

4 1,108 203

1 944 163

201 1,098 198

107 1,072 160

51 632 118

22 590 77

9 477 38

5 105 13

3 59 8

3 59 5

3 26 2

1 17 1

1,590 1,476 767

825 1,572 728

588 2,312 666

372 2,678 564

198 2,257 448

91 1,651 367

37 1,506 302

10 1,238 246

2 1,082 202

0 928 162

166 14,821 6,668

29 9,847 5,812

12 6,660 5,253

0 8,643 4,761

0 11,025 3,947

0 5,790 3,262

0 3,638 3,036

0 1,955 2,824

0 710 2,743

0 8 2,693

83 139 33

29 125 26

12 82 17

0 80 11

0 21 6

0 20 4

0 18 2

0 17 1

0 0 0

0 0 0

0 14,681 6,634

0 9,723 5,786

0 6,578 5,236

0 8,563 4,749

0 11,005 3,941

0 5,770 3,259

0 3,620 3,034

0 1,938 2,823

0 710 2,743

0 8 2,693

56 ARMENIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

638 484 484 0 132 22 0 0 0 53 53 0 0

804 569 569 0 190 45 0 0 0 0 0 0 0

902 651 651 0 201 49 0 0 0 0 0 0 0

916 697 675 21 175 44 6 6 0 4 4 0 0

950 736 715 20 173 42 6 6 0 12 12 0 19

1,047 838 817 21 195 14 0 0 0 0 0 0 22

1,127 899 875 24 215 14 0 0 0 0 0 0 24

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

131 108 23 8 8 0 144 21 16 13 3 1 128 24 20 3 1

164 112 51 41 40 1 146 23 21 15 3 2 125 61 56 4 2

138 109 29 39 26 13 103 4 20 14 3 2 83 59 40 16 2

84 84 0 31 15 16 42 -11 15 9 3 2 28 46 25 19 2

96 83 13 33 24 9 60 -2 21 18 2 1 39 55 42 11 1

115 89 26 48 30 18 44 -23 22 19 1 1 22 70 49 20 1

122 94 28 83 56 26 40 0 12 11 1 0 27 95 67 28 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

187 100 52 1 34 15 135 52

347 72 221 1 54 26 121 227

252 83 122 0 47 56 117 136

235 69 104 0 61 94 111 124

173 59 70 1 44 88 103 70

240 59 111 0 71 123 134 106

212 38 121 0 53 94 97 115

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

164 13 11 122 41

312 15 20 105 207

224 14 14 102 121

203 9 22 102 102

152 18 4 87 65

208 19 13 116 92

166 11 35 87 79

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

1,954 473 92 1,059 336 -418

1,900 492 95 958 331 -307

1,964 560 87 1,017 331 -278

2,182 653 94 1,017 333 -201

2,464 844 131 1,155 440 -148

2,896 1,078 168 1,477 510 -191

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

169.9 41.2 13.0 4.4 1.1 41.8 3.8 5.6 43.2 49.8

183.4 47.5 11.9 4.0 1.0 36.7 4.1 5.5 46.6 50.5

163.7 46.6 8.2 2.6 0.7 36.1 3.9 4.8 50.1 52.9

145.6 43.6 8.4 3.2 1.0 35.1 3.9 4.4 53.8 55.8

124.0 42.5 8.3 2.6 0.9 42.1 4.6 1.3 61.0 59.3

104.6 38.9 8.8 1.2 0.4 45.3 4.1 1.2 70.3 66.3

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

1,738 478 136 993 239 -307

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

133.6 36.7 5.0 3.4 0.9 37.5 2.9 3.4 40.5 57.7

57 ARMENIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

484 484 484 369 242 116 17 0 0 0 0 0 0 0

569 569 564 400 300 163 47 5 0 5 0 0 0 0

651 651 633 456 370 177 51 19 0 5 14 0 0 0

697 675 658 485 407 173 52 17 0 5 12 21 0 21

736 715 698 530 448 168 63 17 0 5 12 20 0 20

838 817 807 621 556 186 83 11 0 0 11 21 0 21

899 875 873 747 697 126 95 2 0 0 2 24 0 24

.. ..

10 240

10 293

9 352

8 388

7 428

8 530

8 662

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

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

108 108 108 81 77 27 1 0 0 0 0 0 0 0

112 112 107 50 48 57 30 5 0 5 0 0 0 0

109 109 95 79 76 16 2 14 0 0 14 0 0 0

84 63 62 58 56 4 4 1 0 0 1 21 0 21

83 83 83 71 58 12 12 0 0 0 0 0 0 0

89 89 87 72 70 15 15 2 0 0 2 0 0 0

94 90 90 84 84 6 6 0 0 0 0 4 0 4

.. ..

.. ..

.. ..

1 76

0 43

0 66

0 54

0 55

0 66

0 77

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

8 8 8 5 0 2 0 0 0 0 0 0 0 0

40 40 40 30 0 10 0 0 0 0 0 0 0 0

26 26 26 13 0 13 5 0 0 0 0 0 0 0

15 15 13 8 0 5 3 2 0 0 2 0 0 0

24 24 24 8 0 16 0 0 0 0 0 0 0 0

30 30 24 22 0 2 1 6 0 5 1 0 0 0

56 55 46 18 0 28 2 9 0 0 9 1 0 1

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 0

1 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

100 100 100 76 77 25 1 0 0 0 0 0 0 0

72 72 67 20 48 47 30 5 0 5 0 0 0 0

83 83 69 66 76 3 -3 14 0 0 14 0 0 0

69 48 50 51 56 -1 1 -2 0 0 -2 21 0 21

59 59 59 63 58 -4 12 0 0 0 0 0 0 0

59 59 63 51 70 13 14 -4 0 -5 1 0 0 0

38 36 44 66 84 -22 4 -9 0 0 -9 2 0 2

.. ..

.. ..

.. ..

1 76

0 43

0 66

0 54

0 55

0 66

-1 77

5. LONG-TERM DEBT

58 ARMENIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

13 13 13 10 1 3 0 0 0 0 0 0 0 0

15 15 15 10 2 6 0 0 0 0 0 0 0 0

14 14 14 7 2 7 1 0 0 0 0 0 0 0

9 9 9 8 3 1 1 0 0 0 0 0 0 0

18 17 16 8 3 8 1 1 0 1 0 1 0 1

19 19 18 7 4 11 1 0 0 0 0 1 0 1

11 10 10 7 4 4 1 0 0 0 0 1 0 1

.. ..

.. ..

.. ..

1 1

1 2

1 2

0 3

0 3

0 3

0 4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

88 88 88 66 76 22 1 0 0 0 0 0 0 0

57 57 52 10 47 42 30 5 0 5 0 0 0 0

69 69 55 59 74 -4 -4 14 0 0 14 0 0 0

60 38 40 43 53 -2 1 -2 0 0 -2 21 0 21

41 42 43 55 54 -12 11 -1 0 -1 0 -1 0 -1

39 40 45 44 67 1 13 -4 0 -5 1 -1 0 -1

27 25 34 59 80 -26 3 -9 0 0 -9 1 0 1

.. ..

.. ..

.. ..

0 75

-1 41

-1 64

-1 52

-1 52

-1 63

-1 73

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

20 20 20 15 1 5 0 0 0 0 0 0 0 0

56 56 55 40 2 15 1 0 0 0 0 0 0 0

40 40 40 20 2 20 6 0 0 0 0 0 0 0

25 25 22 16 3 6 4 3 0 0 2 0 0 0

42 41 40 16 3 24 1 1 0 1 0 1 0 1

49 48 42 29 4 13 2 6 0 5 1 1 0 1

67 65 57 25 4 32 3 9 0 0 9 2 0 2

.. ..

.. ..

.. ..

1 1

1 2

1 2

1 3

1 3

1 3

1 4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

196 191 5

297 267 30

290 264 26

272 256 16

280 263 17

208 208 0

183 183 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

259 152 484 0

347 134 569 0

421 130 651 0

459 142 675 21

511 132 715 20

638 110 817 21

793 91 875 24

.. 0.4 0.4 0.0 0.0 0.0 93.3 1.2 1.0 3.6

5.4 .. .. 0.1 0.0 0.0 92.5 1.0 0.9 0.0

5.8 .. .. 0.2 0.0 0.0 92.2 0.9 0.9 0.0

7.3 .. .. 0.2 0.0 0.0 90.7 0.9 0.9 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 0.0 0.5 0.0 0.0 0.0 86.0 2.0 0.4 11.0

.. 0.0 0.5 0.0 0.0 0.0 91.3 1.7 0.7 5.8

.. 0.0 0.4 0.0 0.0 0.0 92.5 1.4 1.1 4.6

59 ARMENIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 74 31 0 .. .. 74 31 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 8. DEBT STOCK-FLOW RECONCILIATION .. .. 118 166 98 .. .. 144 146 103 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. -90 -107 44 .. .. 64 126 -49 9. AVERAGE TERMS OF NEW COMMITMENTS

14 0 14 14 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

9 10 0 0 0 0 0 0 2 0 0 0

0 0 0 0 0 0 0 0 0 0 46 0

15 42 6 0 0 -31 -2

34 60 0 0 0 -24 -2

97 44 -6 0 -2 58 2

81 40 0 0 -46 83 4

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

2.1 28.7 8.4 62.7

1.4 26.7 8.4 63.2

0.8 35.4 9.8 77.5

0.8 35.6 10.3 79.1

0.8 35.7 9.3 74.2

0.8 38.0 10.3 80.0

0.8 39.7 10.4 80.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

2.0 29.3 8.4 63.9

1.7 29.8 8.8 66.3

0.9 37.3 10.1 78.6

0.8 35.6 10.3 79.1

0.7 36.0 9.4 74.9

0.8 38.0 10.3 80.0

0.8 39.7 10.4 80.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.0 5.5 5.5 16.2

0.0 6.4 5.4 43.1

0.0 17.0 7.0 66.8

0.0 0.0 0.0 0.0

10.0 1.0 1.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. 195 223 105 71 .. .. .. 190 193 95 71 .. .. .. 5 30 10 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

109 108 1

15 15 0

45 45 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

55 22 10

41 27 10

31 32 10

22 30 9

15 25 9

9 24 8

5 27 8

2 27 7

2 28 7

1 28 7

55 18 9

41 22 9

31 27 9

22 24 9

15 20 8

9 24 8

5 27 8

2 27 7

2 28 7

1 28 7

30 9 3

18 10 3

10 11 3

5 9 3

3 8 3

1 8 2

1 8 2

0 6 2

0 6 2

0 6 1

25 9 6

22 12 6

21 15 6

16 15 6

12 12 6

8 16 6

5 19 6

2 21 6

2 22 5

1 22 5

0 4 1

0 5 1

0 5 0

0 5 0

0 5 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 4 1

0 5 1

0 5 0

0 5 0

0 5 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

60 AZERBAIJAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

508 237 237 0 267 4 0 0 0 0 0 0 18

707 384 312 72 321 1 0 0 0 25 25 0 65

1,045 608 500 108 407 29 0 0 0 25 25 0 159

1,273 781 682 99 336 156 0 0 0 0 0 0 348

1,266 868 773 95 295 103 0 0 0 0 0 0 271

1,483 1,063 991 72 279 141 0 0 0 0 0 0 163

1,681 1,208 1,132 76 259 213 0 0 0 0 0 0 145

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

197 93 105 58 58 0 131 -9 20 12 8 0 111 78 69 8 0

181 140 41 3 3 0 176 -3 21 11 10 0 155 24 14 10 0

386 276 110 58 42 16 356 28 28 15 11 1 328 85 56 28 1

278 278 0 123 71 51 283 127 58 39 14 5 225 181 110 65 5

188 178 10 93 53 39 42 -53 39 24 10 5 2 132 77 50 5

220 210 10 143 94 49 116 38 27 17 6 5 89 170 111 55 5

227 191 36 217 139 79 81 72 28 19 3 5 54 245 158 82 5

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

1,185 35 1,115 0 35 16 63 1,123

1,196 137 1,023 0 36 32 106 1,090

798 234 510 0 54 22 192 606

387 207 130 0 50 30 198 190

399 124 227 0 48 42 150 249

1,575 116 1,392 0 66 75 244 1,330

3,391 52 3,285 0 53 69 155 3,235

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

1,166 12 7 51 1,116

1,177 11 8 99 1,078

781 15 2 184 597

31 39 317 165 -133

46 24 329 134 -88

1,201 17 356 233 968

2,949 19 422 143 2,806

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

4,536 1,348 54 1,975 673 -600

4,977 2,231 57 2,415 680 -168

5,375 2,514 104 2,539 897 -52

5,851 2,867 182 3,543 722 -768

6,695 3,263 171 5,264 821 -2,021

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

77.5 23.0 6.3 2.1 0.6 64.4 4.1 2.8 28.8 27.1

57.0 25.6 8.1 2.6 1.2 53.4 3.4 12.3 30.9 25.1

50.4 23.6 5.3 1.6 0.7 70.8 4.2 8.1 36.0 27.0

51.7 25.4 5.9 1.0 0.5 48.6 2.4 9.5 46.2 29.2

51.5 25.1 7.5 0.8 0.4 48.8 1.9 12.7 52.7 32.6

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

3,953 1,173 0 2,133 467 -916

4,433 1,048 6 2,476 449 -1,365

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

43.3 12.9 6.6 1.7 0.5 92.0 2.6 0.8 23.2 29.9

67.4 15.9 2.3 2.0 0.5 63.5 2.2 0.2 23.0 28.2

61 AZERBAIJAN (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

237 237 229 152 116 77 3 8 0 0 8 0 0 0

384 312 306 199 145 107 17 5 0 0 5 72 0 72

608 500 448 283 206 164 95 52 0 27 25 108 0 108

781 682 569 319 227 250 166 113 0 65 48 99 0 99

868 773 638 342 249 296 207 135 0 99 36 95 0 95

1,063 991 867 434 331 433 354 124 0 100 23 72 0 72

1,208 1,132 1,052 547 447 505 439 80 0 66 14 76 0 76

.. ..

0 116

0 141

0 199

0 216

0 235

0 314

0 422

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

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

93 93 85 82 55 3 3 8 0 0 8 0 0 0

140 70 70 42 24 28 14 0 0 0 0 69 0 69

276 226 171 94 64 77 72 55 0 28 27 50 0 50

278 273 209 55 32 154 86 64 0 38 26 6 0 6

178 170 123 41 32 82 68 47 0 47 0 7 0 7

210 208 208 79 60 129 129 0 0 0 0 2 0 2

191 137 137 91 81 46 46 0 0 0 0 54 0 54

.. ..

.. ..

.. ..

0 55

0 21

0 60

0 27

0 28

0 57

0 75

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

58 58 58 58 0 0 0 0 0 0 0 0 0 0

3 3 0 0 0 0 0 3 0 0 3 0 0 0

42 41 32 7 0 25 0 8 0 0 8 1 0 1

71 64 62 8 0 53 0 2 0 0 2 7 0 7

53 44 22 10 0 12 4 22 0 12 10 10 0 10

94 60 30 11 0 19 9 30 0 17 14 34 0 34

139 88 35 14 0 22 9 53 0 43 10 50 0 50

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

35 35 27 24 55 3 3 8 0 0 8 0 0 0

137 68 70 42 24 28 14 -3 0 0 -3 69 0 69

234 185 138 87 64 52 72 47 0 28 19 49 0 49

207 209 147 47 32 100 86 62 0 38 24 -2 0 -2

124 127 102 31 31 70 64 25 0 35 -10 -3 0 -3

116 148 178 69 60 109 120 -30 0 -16 -14 -32 0 -32

52 49 102 77 80 25 37 -53 0 -43 -10 3 0 3

.. ..

.. ..

.. ..

0 55

0 21

0 60

0 27

0 28

0 57

0 75

5. LONG-TERM DEBT

62 AZERBAIJAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

12 12 12 2 0 10 0 0 0 0 0 0 0 0

11 9 8 2 1 6 0 1 0 0 1 2 0 2

15 9 8 3 1 5 1 1 0 0 1 6 0 6

39 34 33 7 2 26 24 1 0 0 1 5 0 5

24 19 16 8 2 8 2 3 0 1 2 5 0 5

17 13 11 6 2 5 3 3 0 2 1 3 0 3

19 16 12 6 3 6 4 3 0 2 1 3 0 3

.. ..

.. ..

.. ..

0 0

0 1

0 1

0 2

0 2

0 2

0 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

24 24 15 23 55 -7 3 8 0 0 8 0 0 0

126 59 63 41 23 22 14 -4 0 0 -4 67 0 67

220 176 131 84 62 47 71 45 0 28 18 43 0 43

168 175 114 40 30 74 63 61 0 38 23 -7 0 -7

100 108 86 24 29 62 62 22 0 35 -12 -8 0 -8

99 135 167 63 57 104 117 -33 0 -18 -15 -35 0 -35

33 33 90 71 77 18 33 -56 0 -46 -11 0 0 0

.. ..

.. ..

.. ..

0 55

0 20

0 59

0 26

0 26

0 55

0 72

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

69 69 69 60 0 10 0 0 0 0 0 0 0 0

14 11 8 2 1 6 0 4 0 0 4 2 0 2

56 50 40 10 1 30 1 10 0 0 9 7 0 7

110 98 95 15 2 79 24 3 0 0 3 12 0 12

77 63 38 17 2 20 6 25 0 13 12 15 0 15

111 73 41 16 3 24 11 33 0 18 15 37 0 37

158 104 48 20 4 28 13 56 0 46 11 53 0 53

.. ..

.. ..

.. ..

0 0

0 1

0 1

0 2

0 2

0 2

0 2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

302 278 24

647 552 95

724 691 34

616 568 49

457 457 0

352 352 0

313 313 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

118 119 237 0

162 222 312 72

300 295 500 108

393 371 682 99

455 383 773 95

686 344 991 72

886 292 1,132 76

.. 3.6 0.0 22.4 0.0 7.0 63.4 0.0 0.0 3.4

4.1 .. .. 24.2 0.0 10.8 58.0 0.0 0.0 2.9

3.7 .. .. 32.4 0.0 9.5 51.1 0.0 0.0 3.4

4.5 .. .. 33.9 0.0 5.4 52.2 0.0 0.0 4.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 1.1 0.0 0.0 0.0 0.0 98.9 0.0 0.0 0.0

.. 3.1 0.0 2.5 0.0 0.0 93.3 0.0 0.0 1.2

.. 4.1 0.0 17.2 0.0 3.7 73.6 0.0 0.0 1.4

63 AZERBAIJAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 36 0 0 .. .. 2 0 0 .. .. 0 0 0 .. .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 70 199 338 .. .. 131 176 356 .. .. -2 0 0 .. .. 0 0 0 .. .. -36 0 0 -49 -11 .. .. -54 .. .. 31 72 -7 9. AVERAGE TERMS OF NEW COMMITMENTS

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

228 283 0 0 0 -43 -12

-7 42 0 0 0 -44 -4

217 116 0 0 0 89 12

197 81 0 0 0 119 -3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.8 21.7 6.4 45.9

2.7 26.7 7.1 56.3

1.7 34.8 8.9 70.0

6.0 16.1 3.0 25.8

1.4 33.4 9.9 72.8

0.8 34.8 10.3 78.8

0.8 34.5 10.0 78.4

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.0 25.0 7.4 54.0

1.4 31.5 8.1 67.9

1.7 34.8 8.9 70.0

4.6 21.4 4.3 38.5

1.4 33.4 9.9 72.8

0.8 34.8 10.3 78.8

0.8 34.5 10.0 78.4

.. .. .. ..

.. .. .. ..

.. .. .. ..

8.0 5.1 1.3 4.3

8.8 4.8 2.3 2.7

0.0 0.0 0.0 0.0

8.5 6.7 0.8 3.7

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. 197 375 272 216 .. .. .. 165 308 272 137 .. .. .. 32 67 0 79 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

59 59 0

69 69 0

66 66 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

73 112 18

57 54 15

43 45 14

34 46 13

31 62 12

23 66 11

15 61 10

12 45 9

8 37 8

5 36 8

73 36 13

57 34 13

43 36 12

34 38 12

31 46 11

23 50 11

15 53 10

12 44 9

8 37 8

5 36 8

32 22 6

18 17 6

9 17 6

4 17 5

2 24 5

0 27 4

0 31 4

0 27 3

0 19 3

0 15 3

41 14 7

39 16 7

34 19 7

30 21 7

29 22 6

22 23 6

15 22 6

12 17 5

8 19 5

5 21 5

0 76 5

0 21 2

0 9 2

0 9 2

0 16 1

0 16 1

0 8 0

0 1 0

0 0 0

0 0 0

0 63 2

0 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 12 3

0 18 2

0 9 2

0 9 2

0 16 1

0 16 1

0 8 0

0 1 0

0 0 0

0 0 0

64 BANGLADESH (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

3,921 3,285 3,285 0 424 212 0 0 0 0 0 0 0

12,439 11,658 11,658 0 626 156 1 1 0 11 11 0 329

14,421 13,874 13,874 0 372 175 0 0 0 3 3 0 430

15,667 15,096 15,096 0 422 150 0 0 0 4 4 0 394

16,570 15,998 15,998 0 318 254 0 0 0 4 4 0 336

15,721 15,171 15,171 0 216 334 0 0 0 4 4 0 334

15,255 14,746 14,746 0 149 361 21 21 0 58 58 0 299

17,061 16,418 16,418 0 71 572 27 27 0 75 75 0 324

18,778 18,088 18,088 0 74 617 0 0 0 4 4 0 467

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

859 632 227 168 34 134 793 102 73 44 13 16 720 241 78 147 16

1,273 1,213 60 548 344 204 813 88 201 151 40 9 612 749 495 245 9

628 628 0 508 394 115 132 12 182 171 2 9 -50 690 564 117 9

846 711 134 472 371 101 348 -25 172 162 2 8 177 644 532 103 8

803 803 0 524 431 93 383 105 194 173 6 14 190 718 605 99 14

889 889 0 599 513 86 371 80 201 171 7 22 170 799 684 93 22

1,049 1,049 0 492 432 60 563 6 184 162 6 16 379 676 594 66 16

768 768 0 551 463 88 422 205 176 161 3 12 246 727 624 91 12

939 869 70 495 422 73 516 72 176 162 1 13 339 672 584 75 13

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

1,608 598 9 0 1,001 159 1,589 19

1,644 869 3 0 772 234 1,585 59

943 234 139 -10 579 233 844 99

1,183 340 190 -4 657 203 1,026 157

1,225 372 180 -1 675 170 1,059 166

1,251 377 280 1 592 212 933 318

1,295 617 79 -4 603 212 988 308

899 305 52 -1 543 215 763 136

1,030 447 102 2 478 248 943 86

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

1,564 44 0 1,547 17

1,493 151 0 1,445 48

746 171 27 683 63

981 162 40 873 109

970 173 82 892 78

930 171 149 773 157

958 162 175 832 126

609 161 129 605 4

772 162 95 787 -15

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

17,609 1,420 339 2,904 331 -702

47,542 8,127 1,807 9,191 1,634 -364

48,915 9,251 1,968 10,018 1,516 -306

48,635 9,008 2,105 10,017 1,306 -535

49,746 9,855 2,858 9,508 1,722 739

54,778 11,143 3,191 11,338 2,625 183

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

276.2 22.3 17.0 5.1 0.4 8.4 1.4 5.4 80.4 31.9

203.9 34.9 8.8 2.4 0.4 9.9 2.1 1.5 95.1 67.4

169.9 32.1 8.6 2.2 0.4 9.6 1.8 2.1 94.8 69.9

169.4 31.4 7.5 2.0 0.4 8.6 1.6 2.4 93.4 70.3

173.1 34.3 7.4 1.8 0.4 10.1 2.2 3.4 92.8 71.0

168.5 34.3 6.0 1.6 0.3 14.0 2.8 3.3 93.2 72.5

3. MAJOR ECONOMIC AGGREGATES 30,757 2,907 779 4,140 660 -398

43,688 7,140 1,526 8,032 1,611 -286

45,523 7,556 1,606 8,159 1,936 -35

4. DEBT INDICATORS 427.9 40.4 25.8 6.9 0.7 5.3 1.9 1.3 90.7 51.8

202.0 33.0 9.7 2.5 0.4 11.2 2.4 1.2 94.6 66.0

207.3 34.4 8.5 2.3 0.4 12.4 2.8 1.0 95.0 67.0

65 BANGLADESH (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

3,285 3,285 3,229 1,251 1,190 1,978 1,963 56 0 0 56 0 0 0

11,658 11,658 11,435 6,441 6,344 4,994 4,941 223 0 21 202 0 0 0

.. ..

55 926

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

13,874 13,874 13,679 9,520 9,481 4,160 4,158 195 0 1 193 0 0 0

15,096 15,096 14,918 10,492 10,456 4,426 4,426 177 0 0 177 0 0 0

15,998 15,998 15,788 11,172 11,141 4,616 4,616 210 0 0 210 0 0 0

15,171 15,171 14,925 10,996 10,972 3,929 3,929 246 0 15 232 0 0 0

14,746 14,746 14,269 10,719 10,702 3,550 3,550 476 0 26 451 0 0 0

16,418 16,418 15,850 12,117 12,097 3,734 3,734 568 0 29 539 0 0 0

18,088 18,088 17,533 13,606 13,571 3,927 3,927 555 0 29 527 0 0 0

64 4,095

38 5,701

36 6,168

31 6,428

24 6,431

17 6,439

13 7,063

7 8,062

632 632 615 276 275 339 339 17 0 0 17 0 0 0

1,213 1,213 1,123 822 792 301 301 90 0 22 67 0 0 0

628 628 628 520 520 109 109 0 0 0 0 0 0 0

711 711 711 617 617 94 94 0 0 0 0 0 0 0

803 803 789 724 724 65 65 15 0 0 15 0 0 0

889 889 823 651 651 172 172 67 0 15 52 0 0 0

1,049 1,049 799 538 537 261 261 250 0 11 239 0 0 0

768 768 672 536 530 136 136 95 0 0 95 0 0 0

869 869 859 762 741 97 97 10 0 0 10 0 0 0

.. ..

0 156

0 464

0 301

0 350

0 413

0 357

0 312

0 301

0 519

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

34 34 28 1 0 27 23 6 0 0 6 0 0 0

344 344 310 62 44 248 239 34 0 2 32 0 0 0

394 394 364 124 119 240 239 30 0 6 24 0 0 0

371 371 342 132 127 210 209 29 0 1 28 0 0 0

431 431 405 154 149 250 250 27 0 0 27 0 0 0

513 513 482 168 163 314 314 31 0 0 31 0 0 0

432 432 414 181 175 234 234 18 0 0 18 0 0 0

463 463 452 204 198 248 248 10 0 0 10 0 0 0

422 422 394 237 230 158 158 27 0 3 24 0 0 0

.. ..

0 0

2 13

4 55

4 61

5 73

5 82

5 94

6 106

6 124

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

598 598 588 275 275 312 316 11 0 0 11 0 0 0

869 869 813 761 749 52 61 55 0 20 35 0 0 0

234 234 264 396 401 -132 -131 -30 0 -6 -24 0 0 0

340 340 369 485 489 -115 -114 -29 0 -1 -28 0 0 0

372 372 384 570 575 -186 -185 -12 0 0 -12 0 0 0

377 377 341 483 488 -142 -142 36 0 15 21 0 0 0

617 617 385 357 362 28 28 233 0 11 221 0 0 0

305 305 220 332 331 -112 -112 85 0 0 85 0 0 0

447 447 465 525 511 -60 -60 -18 0 -3 -15 0 0 0

.. ..

0 156

-2 451

-4 246

-4 289

-5 339

-5 275

-5 218

-6 195

-6 395

5. LONG-TERM DEBT

66 BANGLADESH (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

44 44 42 11 7 31 30 2 0 0 2 0 0 0

151 151 140 51 46 89 84 11 0 1 11 0 0 0

171 171 160 84 81 77 77 10 0 0 10 0 0 0

162 162 154 85 82 69 69 8 0 0 8 0 0 0

173 173 167 94 92 73 73 7 0 0 7 0 0 0

171 171 160 93 91 67 67 12 0 0 11 0 0 0

162 162 155 96 94 60 60 6 0 1 5 0 0 0

161 161 158 100 99 58 58 3 0 1 2 0 0 0

162 162 156 110 108 46 46 6 0 2 5 0 0 0

.. ..

3 6

4 28

3 42

2 43

2 46

2 47

1 48

1 50

1 56

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

554 554 546 264 267 281 286 8 0 0 8 0 0 0

717 717 673 709 702 -36 -23 44 0 20 24 0 0 0

64 64 104 313 320 -209 -208 -40 0 -6 -34 0 0 0

179 179 216 400 407 -184 -183 -37 0 -1 -36 0 0 0

199 199 217 475 482 -258 -258 -19 0 0 -19 0 0 0

205 205 181 390 397 -209 -209 24 0 14 10 0 0 0

456 456 229 261 268 -32 -32 226 0 10 216 0 0 0

144 144 62 232 233 -170 -170 82 0 -1 83 0 0 0

285 285 309 416 403 -106 -106 -24 0 -5 -19 0 0 0

.. ..

-3 150

-5 424

-7 204

-7 246

-7 293

-7 228

-7 170

-7 145

-7 339

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

78 78 70 12 8 58 53 8 0 0 8 0 0 0

495 495 450 113 90 337 324 45 0 2 43 0 0 0

564 564 524 207 200 317 316 40 0 6 34 0 0 0

532 532 495 217 210 279 277 37 0 1 36 0 0 0

605 605 571 249 242 323 322 33 0 0 33 0 0 0

684 684 642 261 254 381 381 42 0 0 42 0 0 0

594 594 570 276 270 294 294 24 0 1 23 0 0 0

624 624 610 304 297 307 307 13 0 1 12 0 0 0

584 584 550 346 338 204 204 34 0 5 29 0 0 0

.. ..

3 6

5 40

7 96

7 104

7 119

7 129

7 143

7 156

7 180

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

2,189 2,139 50

4,318 4,128 190

3,392 3,082 309

3,688 3,597 91

4,246 3,855 392

3,830 3,354 476

3,522 2,983 539

3,499 3,045 455

4,083 3,623 460

.. .. .. ..

3,153 5 3,285 0

11,285 21 11,658 0

13,639 1 13,874 0

14,882 0 15,096 0

15,757 0 15,998 0

14,901 0 15,171 0

14,252 0 14,746 0

15,831 7 16,418 0

17,498 27 18,088 0

0.5 .. .. 18.4 3.0 0.0 47.8 23.0 4.9 2.3

0.6 .. .. 17.4 2.6 0.0 48.1 24.0 4.8 2.4

0.6 .. .. 17.0 2.3 0.0 50.1 22.9 4.8 2.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

.. 0.1 1.2 23.6 18.6 0.2 38.2 8.1 0.2 9.8

.. 0.0 1.2 24.8 5.0 0.1 48.1 15.4 1.0 4.4

.. 0.0 0.4 22.0 3.5 0.0 43.3 23.7 4.7 2.2

.. 0.0 0.4 22.2 3.1 0.0 42.9 24.4 4.9 2.0

.. 0.0 0.3 22.4 2.8 0.0 43.0 24.8 4.6 2.0

.. 0.0 0.3 20.4 3.0 0.0 44.7 24.5 4.8 2.3

67 BANGLADESH (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION -916 1,246 903 .. 1,593 793 813 132 348 383 .. 1 0 0 0 .. 0 0 0 0 .. 0 0 0 0 -1,241 725 809 .. 925 193 173 -290 .. -145 9. AVERAGE TERMS OF NEW COMMITMENTS

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 0 103 13 0 0

-849 371 0 0 0 -1,087 -133

-466 563 21 0 0 -1,042 -8

1,806 422 6 0 0 1,166 211

1,717 516 -27 0 -103 1,547 -214

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

1.7 36.0 9.0 68.5

1.8 34.1 9.2 68.5

1.6 37.2 9.8 70.9

1.6 39.1 10.1 72.8

1.7 30.3 7.2 64.3

2.6 24.9 6.8 54.2

2.0 26.2 6.5 57.4

1.4 33.6 8.5 70.6

1.2 31.9 8.3 70.3

.. .. .. ..

1.5 36.9 9.2 70.4

1.1 37.6 10.2 76.1

1.6 37.2 9.8 70.9

1.6 39.1 10.1 72.8

1.2 34.5 8.4 72.4

2.4 28.2 7.4 59.2

1.2 31.9 8.2 68.7

1.3 33.9 8.6 71.2

1.2 32.1 8.4 70.8

.. .. .. ..

7.5 10.7 2.4 11.4

5.4 14.1 3.5 25.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

3.5 15.1 2.9 35.1

3.3 13.0 4.8 36.4

3.6 14.0 3.2 33.6

3.3 15.5 3.1 37.2

2.7 4.7 1.5 19.3

.. 1,029 1,317 1,111 1,102 1,445 708 .. 997 1,122 1,111 1,102 1,130 554 .. 32 196 0 0 315 154 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

976 662 314

637 626 11

1,460 1,447 14

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,082 761 198

921 787 202

670 763 206

501 785 209

362 835 204

249 831 196

159 845 187

78 858 177

33 857 165

13 856 153

831 610 173

783 622 176

622 643 184

484 692 191

359 745 189

249 763 184

159 776 177

78 789 169

33 791 160

13 799 150

217 348 57

163 326 54

102 324 51

66 323 47

36 320 42

21 292 37

8 273 33

3 255 29

1 239 26

1 228 22

614 263 116

620 297 122

520 319 134

418 369 144

323 425 147

228 471 146

151 503 143

75 534 139

31 552 134

12 572 128

252 150 25

138 165 26

49 120 22

17 94 19

3 90 16

0 69 13

0 69 10

0 69 8

0 66 5

0 57 3

7 4 2

5 7 2

2 7 1

1 6 1

0 6 1

0 3 1

0 3 1

0 3 0

0 3 0

0 0 0

245 146 23

133 158 25

47 113 21

16 87 17

3 84 15

0 66 12

0 66 10

0 66 8

0 63 5

0 57 3

68 BARBADOS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

12.9 12.9 12.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

165.7 97.8 97.8 0.0 2.9 65.0 0.0 0.0 0.0 0.0 0.0 0.0

683.0 504.1 504.1 0.0 0.7 178.1 0.2 0.2 0.0 0.7 0.7 0.0

399.0 366.9 366.9 0.0 0.0 32.1 0.1 0.1 0.0 0.4 0.4 0.0

387.8 387.8 387.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

443.9 443.9 443.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

548.2 548.2 548.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

700.7 700.7 700.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

712.2 712.2 712.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

721.2 721.2 721.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 0.8 0.0 0.0 -0.8 0.8 0.8 0.0 0.0

38.4 38.4 0.0 14.2 8.7 5.5 10.2 -14.0 11.1 5.8 0.3 5.0 -0.9 25.2 14.5 5.8 5.0

90.6 90.6 0.0 92.2 88.4 3.8 18.8 20.4 48.6 39.3 0.4 8.9 -29.8 140.7 127.7 4.1 8.9

40.1 40.1 0.0 53.2 44.2 9.0 -23.1 -10.0 32.3 30.2 0.2 1.9 -55.3 85.5 74.5 9.1 1.9

61.1 61.1 0.0 45.6 45.6 0.0 -16.6 -32.0 30.4 29.6 0.0 0.8 -46.9 76.0 75.2 0.0 0.8

112.3 112.3 0.0 54.2 54.2 0.0 58.1 0.0 34.7 34.7 0.0 0.0 23.3 89.0 89.0 0.0 0.0

125.3 125.3 0.0 22.3 22.3 0.0 103.0 0.0 40.0 40.0 0.0 0.0 63.1 62.2 62.2 0.0 0.0

183.0 183.0 0.0 24.3 24.3 0.0 158.7 0.0 44.2 44.2 0.0 0.0 114.5 68.5 68.5 0.0 0.0

35.6 35.6 0.0 37.4 37.4 0.0 -1.8 0.0 45.6 45.6 0.0 0.0 -47.4 83.0 83.0 0.0 0.0

32.0 32.0 0.0 38.7 38.7 0.0 -6.7 0.0 45.0 45.0 0.0 0.0 -51.6 83.7 83.7 0.0 0.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

9.4 0.0 8.7 0.0 0.7 0.8 0.7 8.7

33.2 29.7 2.8 0.0 0.7 2.7 14.4 18.8

14.6 2.1 11.2 0.0 1.3 2.4 17.4 -2.8

13.7 -4.1 14.8 -0.1 3.1 1.8 23.2 -9.5

35.4 15.4 15.8 -0.1 4.3 1.3 42.8 -7.4

75.5 58.1 17.4 -0.1 0.2 1.7 86.6 -11.1

124.0 103.0 19.4 0.0 1.5 1.2 -0.9 124.8

178.0 158.7 18.6 0.0 0.7 3.4 8.3 169.7

18.0 -1.8 17.4 1.1 1.3 2.9 10.8 7.2

148.2 -6.7 58.3 94.7 1.8 2.4 7.4 140.8

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

4.4 0.8 4.2 0.7 3.7

21.3 5.8 6.1 11.8 9.5

-33.8 39.3 9.1 2.9 -36.7

-28.2 30.2 11.6 9.6 -37.8

-6.9 29.6 12.8 28.0 -35.0

25.3 34.7 15.5 65.5 -40.2

67.0 40.0 17.0 -26.6 93.6

115.4 44.2 18.4 -15.1 130.5

-46.5 45.6 18.9 -8.2 -38.3

82.3 45.0 20.9 -11.5 93.8

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

180.8 101.7 4.0 148.7 16.6 -41.8

836.9 594.0 9.0 632.2 80.6 -16.8

2,397.4 1,442.4 87.0 1,585.4 301.9 -147.1

2,494.9 1,530.9 102.0 1,669.6 472.7 -144.6

2,441.8 1,512.9 118.0 1,616.9 690.4 -110.4

2,429.8 1,459.8 109.0 1,620.1 668.5 -167.4

2,516.9 1,601.7 113.0 1,766.4 737.9 -168.8

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

12.7 7.1 0.8 0.8 0.4 128.8 1.3 0.0 0.0 0.0

27.9 19.8 4.2 1.9 1.3 48.6 1.5 39.2 22.3 20.4

30.8 18.5 6.2 2.4 1.4 68.0 2.3 0.0 20.2 60.1

35.8 22.0 4.1 2.6 1.6 86.2 3.4 0.0 16.0 49.4

46.3 28.7 4.5 2.9 1.8 98.5 5.1 0.0 12.3 39.2

48.8 29.3 5.7 3.1 1.9 93.9 5.0 0.0 13.5 41.2

45.0 28.7 5.2 2.8 1.8 102.3 5.0 0.0 14.2 43.0

3. MAJOR ECONOMIC AGGREGATES 1,699.9 928.9 38.0 953.5 117.5 -7.8

2,144.9 1,363.7 69.0 1,405.3 264.9 -49.3

2,308.8 1,418.4 76.0 1,472.0 365.9 -62.1

4. DEBT INDICATORS 73.5 40.2 15.1 5.2 2.9 17.2 1.5 26.1 13.2 26.5

29.3 18.6 6.3 2.4 1.5 66.4 2.3 8.1 15.3 51.8

27.3 16.8 5.4 2.1 1.3 94.4 3.0 0.0 19.5 65.4

69 BARBADOS (US$ million, unless otherwise indicated) 1970

1980

1990

12.9 12.9 0.0 0.0 0.0 0.0 0.0 12.9 12.9 0.0 0.0 0.0 0.0 0.0

97.8 97.8 60.6 33.7 20.8 26.8 16.2 37.2 16.7 20.5 0.1 0.0 0.0 0.0

504.1 504.1 246.0 180.9 56.8 65.1 33.7 258.2 69.2 163.1 25.9 0.0 0.0 0.0

0.0 0.0

0.9 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

366.9 366.9 223.8 206.7 54.5 17.0 6.6 143.1 63.1 80.0 0.0 0.0 0.0 0.0

387.8 387.8 267.6 253.8 70.3 13.8 5.4 120.2 40.0 80.2 0.0 0.0 0.0 0.0

443.9 443.9 353.5 266.8 84.3 86.7 5.1 90.4 40.0 48.5 1.9 0.0 0.0 0.0

548.2 548.2 356.1 271.1 83.0 85.0 4.8 192.1 140.0 44.8 7.3 0.0 0.0 0.0

700.7 700.7 358.8 274.7 81.7 84.1 4.3 341.9 290.0 43.5 8.4 0.0 0.0 0.0

712.2 712.2 376.7 293.3 92.3 83.4 4.0 335.5 280.0 48.4 7.2 0.0 0.0 0.0

721.2 721.2 392.8 310.1 98.8 82.6 3.6 328.4 270.0 53.5 4.9 0.0 0.0 0.0

36.0 0.0

13.7 0.0

18.4 0.0

16.9 0.0

13.9 0.0

11.2 0.0

9.8 0.0

11.5 0.0

38.4 38.4 16.6 12.3 10.4 4.4 1.1 21.7 16.7 5.1 0.0 0.0 0.0 0.0

90.6 90.6 33.9 21.9 1.7 12.1 2.5 56.6 0.0 56.6 0.0 0.0 0.0 0.0

40.1 40.1 40.1 39.1 1.0 1.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

61.1 61.1 61.1 60.8 19.5 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

112.3 112.3 110.4 35.3 18.0 75.1 0.1 1.9 0.0 0.0 1.9 0.0 0.0 0.0

125.3 125.3 19.3 19.3 5.7 0.0 0.0 106.0 100.0 0.0 6.0 0.0 0.0 0.0

183.0 183.0 29.0 29.0 2.6 0.0 0.0 153.9 150.0 0.0 3.9 0.0 0.0 0.0

35.6 35.6 34.0 32.0 15.1 2.0 0.0 1.6 0.0 0.0 1.6 0.0 0.0 0.0

32.0 32.0 31.4 31.4 11.7 0.0 0.0 0.6 0.0 0.0 0.6 0.0 0.0 0.0

0.0 0.0

0.8 0.0

5.4 0.0

3.1 0.0

8.7 0.0

2.3 0.0

0.0 0.0

0.0 0.0

0.7 0.0

3.6 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

8.7 8.7 3.0 0.6 0.1 2.4 0.3 5.7 0.0 5.4 0.3 0.0 0.0 0.0

88.4 88.4 17.8 13.2 2.2 4.6 0.9 70.6 44.1 20.2 6.2 0.0 0.0 0.0

44.2 44.2 20.0 15.2 3.4 4.8 1.2 24.2 4.1 20.1 0.0 0.0 0.0 0.0

45.6 45.6 22.5 19.4 3.8 3.1 1.1 23.1 23.0 0.1 0.0 0.0 0.0 0.0

54.2 54.2 23.9 21.7 3.8 2.2 0.3 30.3 0.0 30.3 0.0 0.0 0.0 0.0

22.3 22.3 21.7 20.0 4.1 1.7 0.4 0.6 0.0 0.0 0.6 0.0 0.0 0.0

24.3 24.3 21.4 20.5 3.9 0.9 0.5 2.9 0.0 0.0 2.9 0.0 0.0 0.0

37.4 37.4 24.5 21.8 4.6 2.7 0.3 12.9 10.0 0.0 2.9 0.0 0.0 0.0

38.7 38.7 25.9 25.1 5.2 0.7 0.3 12.9 10.0 0.0 2.9 0.0 0.0 0.0

0.0 0.0

0.0 0.0

7.1 0.0

3.7 0.0

4.2 0.0

3.8 0.0

3.0 0.0

2.6 0.0

2.1 0.0

1.9 0.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

29.7 29.7 13.7 11.7 10.4 2.0 0.8 16.0 16.7 -0.4 -0.3 0.0 0.0 0.0

2.1 2.1 16.1 8.6 -0.5 7.5 1.6 -14.0 -44.1 36.4 -6.2 0.0 0.0 0.0

-4.1 -4.1 20.1 23.9 -2.4 -3.8 -0.9 -24.2 -4.1 -20.1 0.0 0.0 0.0 0.0

15.4 15.4 38.5 41.5 15.7 -2.9 -0.9 -23.1 -23.0 -0.1 0.0 0.0 0.0 0.0

58.1 58.1 86.4 13.6 14.2 72.9 -0.2 -28.4 0.0 -30.3 1.9 0.0 0.0 0.0

103.0 103.0 -2.4 -0.7 1.5 -1.7 -0.4 105.4 100.0 0.0 5.4 0.0 0.0 0.0

158.7 158.7 7.6 8.5 -1.3 -0.9 -0.5 151.1 150.0 0.0 1.1 0.0 0.0 0.0

-1.8 -1.8 9.5 10.2 10.5 -0.7 -0.3 -11.3 -10.0 0.0 -1.3 0.0 0.0 0.0

-6.7 -6.7 5.6 6.3 6.5 -0.7 -0.3 -12.2 -10.0 0.0 -2.2 0.0 0.0 0.0

0.0 0.0

0.8 0.0

-1.7 0.0

-0.6 0.0

4.5 0.0

-1.5 0.0

-3.0 0.0

-2.7 0.0

-1.4 0.0

1.6 0.0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

70 BARBADOS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.8 0.8 0.0 0.0 0.0 0.0 0.0

5.8 5.8 2.6 1.6 0.5 1.1 0.4 3.2 0.0 3.1 0.1 0.0 0.0 0.0

39.3 39.3 14.4 11.5 1.6 2.9 0.4 24.9 8.1 15.5 1.3 0.0 0.0 0.0

30.2 30.2 13.5 12.3 2.1 1.2 0.1 16.7 6.0 10.7 0.0 0.0 0.0 0.0

29.6 29.6 14.8 13.6 2.7 1.2 0.2 14.7 5.0 9.7 0.0 0.0 0.0 0.0

34.7 34.7 21.1 15.7 1.8 5.4 0.0 13.6 4.2 9.4 0.0 0.0 0.0 0.0

40.0 40.0 25.7 17.6 3.9 8.1 0.0 14.2 8.5 5.5 0.2 0.0 0.0 0.0

44.2 44.2 23.4 16.4 2.3 7.0 0.0 20.8 15.3 5.3 0.2 0.0 0.0 0.0

45.6 45.6 19.0 14.3 2.2 4.7 0.0 26.6 20.8 5.6 0.2 0.0 0.0 0.0

45.0 45.0 18.9 14.8 2.4 4.1 0.0 26.0 19.7 6.1 0.2 0.0 0.0 0.0

0.0 0.0

0.2 0.0

2.9 0.0

1.0 0.0

0.9 0.0

1.4 0.0

1.4 0.0

1.3 0.0

0.9 0.0

0.7 0.0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-0.8 -0.8 0.0 0.0 0.0 0.0 0.0 -0.8 -0.8 0.0 0.0 0.0 0.0 0.0

23.9 23.9 11.1 10.2 9.8 0.9 0.4 12.8 16.7 -3.5 -0.4 0.0 0.0 0.0

-37.2 -37.2 1.7 -2.9 -2.1 4.5 1.2 -38.8 -52.2 20.9 -7.5 0.0 0.0 0.0

-34.4 -34.4 6.6 11.6 -4.5 -5.0 -1.0 -40.9 -10.1 -30.8 0.0 0.0 0.0 0.0

-14.1 -14.1 23.7 27.8 13.0 -4.1 -1.1 -37.9 -28.0 -9.8 0.0 0.0 0.0 0.0

23.3 23.3 65.3 -2.1 12.4 67.4 -0.2 -42.0 -4.2 -39.7 1.9 0.0 0.0 0.0

63.1 63.1 -28.1 -18.3 -2.3 -9.8 -0.4 91.2 91.5 -5.5 5.2 0.0 0.0 0.0

114.5 114.5 -15.8 -7.9 -3.5 -7.9 -0.5 130.3 134.7 -5.3 0.8 0.0 0.0 0.0

-47.4 -47.4 -9.5 -4.1 8.3 -5.4 -0.3 -37.9 -30.8 -5.6 -1.5 0.0 0.0 0.0

-51.6 -51.6 -13.4 -8.5 4.1 -4.9 -0.3 -38.3 -29.7 -6.1 -2.4 0.0 0.0 0.0

0.0 0.0

0.7 0.0

-4.7 0.0

-1.6 0.0

3.6 0.0

-2.8 0.0

-4.4 0.0

-3.9 0.0

-2.3 0.0

0.9 0.0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.8 0.8 0.0 0.0 0.0 0.0 0.0

14.5 14.5 5.6 2.1 0.6 3.5 0.7 8.9 0.0 8.5 0.4 0.0 0.0 0.0

127.7 127.7 32.2 24.7 3.8 7.5 1.3 95.5 52.2 35.8 7.5 0.0 0.0 0.0

74.5 74.5 33.5 27.6 5.4 6.0 1.2 40.9 10.1 30.8 0.0 0.0 0.0 0.0

75.2 75.2 37.3 33.0 6.4 4.3 1.2 37.9 28.0 9.8 0.0 0.0 0.0 0.0

89.0 89.0 45.1 37.4 5.5 7.6 0.3 43.9 4.2 39.7 0.0 0.0 0.0 0.0

62.2 62.2 47.4 37.6 8.0 9.8 0.4 14.8 8.5 5.5 0.7 0.0 0.0 0.0

68.5 68.5 44.9 36.9 6.1 7.9 0.5 23.6 15.3 5.3 3.1 0.0 0.0 0.0

83.0 83.0 43.5 36.1 6.8 7.4 0.3 39.5 30.8 5.6 3.1 0.0 0.0 0.0

83.7 83.7 44.8 39.9 7.6 4.9 0.3 38.9 29.7 6.1 3.0 0.0 0.0 0.0

0.0 0.0

0.2 0.0

10.0 0.0

4.7 0.0

5.1 0.0

5.1 0.0

4.4 0.0

3.9 0.0

3.0 0.0

2.6 0.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

2.8 2.8 0.0

78.4 70.8 7.6

110.1 63.6 46.4

160.2 160.2 0.0

221.6 221.6 0.0

212.1 210.7 1.4

198.9 192.7 6.2

185.8 183.5 2.3

167.2 166.5 0.7

135.2 135.1 0.1

0.0 0.0 12.9 0.0

37.0 15.9 97.8 0.0

90.5 155.8 499.5 4.6

61.1 66.7 366.9 0.0

75.6 95.3 387.8 0.0

89.5 174.0 443.9 0.0

87.8 177.2 548.2 0.0

86.0 193.4 700.7 0.0

96.3 212.1 712.2 0.0

102.5 232.4 721.2 0.0

.. 0.0 0.0 0.0 8.2 0.0 65.3 25.6 0.0 1.0

0.0 .. .. 0.0 6.2 0.0 72.4 20.7 0.0 0.7

0.0 .. .. 0.0 6.8 0.0 70.9 21.7 0.0 0.6

0.0 .. .. 0.0 7.4 0.0 69.0 23.0 0.0 0.6

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0

.. 0.0 0.0 0.0 6.4 0.0 30.7 30.5 0.0 32.4

.. 0.6 0.0 13.7 13.6 0.0 35.3 31.9 0.0 4.9

.. 0.0 0.0 6.3 13.6 0.0 38.1 40.4 0.0 1.6

.. 0.0 0.0 0.0 12.9 0.0 48.0 37.6 0.0 1.5

.. 0.0 0.0 0.0 10.9 0.0 57.0 30.8 0.0 1.3

71 BARBADOS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 0.0 0.0 0.3 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 8. DEBT STOCK-FLOW RECONCILIATION -11.2 56.0 .. 39.4 -35.5 58.1 10.2 18.8 -23.1 -16.6 .. -1.6 0.0 -0.1 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 -0.3 0.0 2.2 -2.6 .. 21.0 -12.5 .. 1.2 0.1 3.6 0.6 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

104.3 103.0 0.0 0.0 0.0 2.8 -1.6

152.5 158.7 0.0 0.0 0.0 -6.9 0.8

11.4 -1.8 0.0 0.0 0.0 12.6 0.6

9.1 -6.7 0.0 0.0 0.0 14.3 1.4

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 0.0 .. .. .. .. ..

3.0 29.6 7.1 54.6

7.1 15.5 5.9 18.3

10.2 18.6 15.3 -5.5

5.2 15.5 5.0 28.2

6.5 23.3 6.5 23.9

7.0 10.2 6.2 14.9

5.7 9.9 9.1 24.3

7.0 19.7 17.9 24.2

5.4 20.0 5.0 29.9

0.0 0.0 0.0 0.0

3.0 29.6 7.1 54.6

6.1 19.9 5.2 26.6

6.5 15.4 4.9 21.7

5.2 15.5 5.0 28.2

6.5 23.3 6.5 23.9

7.1 10.4 6.4 14.7

0.0 0.0 0.0 0.0

5.2 17.5 4.5 29.0

5.4 20.0 5.0 29.9

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

8.3 10.3 6.6 8.7

11.7 19.8 19.3 -16.1

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

2.5 5.7 1.2 20.2

5.7 9.9 9.1 24.3

7.3 20.0 20.0 23.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

2 62 102 5 130 101 111 2 33 28 5 130 97 0 0 29 74 0 0 3 111 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

174 24 150

17 17 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

39.2 53.3 45.3

36.4 59.3 43.5

25.8 58.6 41.4

17.9 55.8 39.4

10.3 55.4 37.3

3.4 33.3 35.2

1.8 131.8 31.7

0.5 28.0 26.4

0.0 27.1 25.1

0.0 26.0 24.0

39.1 40.4 19.8

36.4 47.2 19.2

25.8 58.6 17.8

17.9 55.8 15.9

10.3 55.4 13.7

3.4 33.3 11.6

1.8 31.8 10.2

0.5 28.0 8.8

0.0 27.1 7.6

0.0 26.0 6.4

0.0 0.7 3.9

0.0 11.5 3.9

0.0 22.2 3.2

0.0 22.2 2.1

0.0 22.2 1.1

0.0 0.7 0.3

0.0 0.7 0.2

0.0 0.5 0.1

0.0 0.5 0.1

0.0 0.5 0.0

39.1 39.7 15.9

36.4 35.7 15.3

25.8 36.4 14.6

17.9 33.6 13.7

10.3 33.2 12.6

3.4 32.5 11.3

1.8 31.0 10.0

0.5 27.5 8.7

0.0 26.6 7.5

0.0 25.5 6.4

0.1 12.9 25.5

0.0 12.2 24.4

0.0 0.0 23.6

0.0 0.0 23.6

0.0 0.0 23.6

0.0 0.0 23.6

0.0 100.0 21.6

0.0 0.0 17.6

0.0 0.0 17.6

0.0 0.0 17.6

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.0 0.0 6.7

0.1 12.9 18.8

0.0 12.2 17.7

0.0 0.0 16.9

0.0 0.0 16.9

0.0 0.0 16.9

0.0 0.0 16.9

0.0 100.0 14.9

0.0 0.0 10.9

0.0 0.0 10.9

0.0 0.0 10.9

72 BELARUS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

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

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

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

2,083.5 682.5 681.4 1.1 256.6 1,144.3 3.0 1.2 1.8 1.1 0.8 0.3

2,388.2 798.1 796.4 1.8 242.6 1,347.5 6.3 3.8 2.6 9.4 5.9 3.5

2,198.6 710.4 709.1 1.3 178.1 1,310.1 8.9 6.8 2.2 23.9 11.1 12.8

2,042.9 690.1 688.9 1.2 114.2 1,238.6 13.8 12.2 1.6 28.7 27.8 0.8

2,035.1 645.0 643.4 1.5 80.8 1,309.3 4.7 2.3 2.4 9.9 7.6 2.3

2,398.7 714.1 713.0 1.1 55.6 1,629.0 0.9 0.0 0.9 1.0 0.0 1.0

2,692.0 691.0 678.5 12.5 26.0 1,974.9 1.8 1.8 0.1 19.1 18.6 0.5

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

85.1 85.1 0.0 69.5 69.5 0.0 210.0 194.4 121.8 52.4 12.0 57.4 88.2 191.3 122.0 12.0 57.4

145.7 145.7 0.0 85.2 60.8 24.3 260.5 199.9 116.7 40.5 11.7 64.5 143.8 201.9 101.3 36.0 64.5

64.1 64.1 0.0 148.9 90.8 58.1 -124.9 -40.0 101.8 40.4 8.6 52.8 -226.7 250.8 131.2 66.7 52.8

143.5 143.5 0.0 190.4 134.9 55.6 -123.3 -76.4 106.3 37.7 7.4 61.2 -229.6 296.8 172.5 63.0 61.2

114.1 114.1 0.0 173.5 143.7 29.7 20.5 79.8 107.4 46.0 4.5 56.9 -87.0 280.9 189.7 34.3 56.9

137.3 137.3 0.0 154.0 123.7 30.3 306.8 323.5 87.4 34.1 2.0 51.3 219.4 241.4 157.8 32.2 51.3

56.0 56.0 0.0 168.4 135.7 32.7 141.2 253.6 85.2 30.4 0.8 54.0 56.0 253.6 166.1 33.5 54.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

406.9 15.6 351.6 0.0 39.7 15.5 83.1 323.8

306.0 84.9 203.2 2.7 15.2 23.9 105.9 200.2

437.5 -26.7 444.0 0.0 20.2 20.1 -4.8 442.3

154.8 8.7 118.8 0.5 26.9 13.7 -0.2 155.0

91.1 -29.6 95.8 2.5 22.4 19.2 5.9 85.2

280.4 13.6 247.1 0.7 19.0 23.8 53.7 226.7

113.2 -79.7 171.8 3.3 17.9 17.7 -13.8 127.1

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

347.0 52.4 7.5 60.5 286.5

247.4 40.5 18.2 80.0 167.4

396.4 40.4 0.7 -29.5 425.9

112.6 37.7 4.6 -18.4 131.0

39.8 46.0 5.3 -21.9 61.7

229.5 34.1 16.8 37.1 192.4

56.9 30.4 26.0 -26.9 83.8

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

12,115.6 6,474.1 193.0 6,718.0 294.3 -193.7

12,752.5 7,666.5 139.0 8,159.6 350.5 -338.4

12,428.2 8,503.4 149.0 9,051.9 390.7 -394.4

14,643.8 9,350.0 140.0 9,860.1 618.8 -311.2

17,484.3 11,642.4 162.0 12,364.4 594.8 -527.4

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

34.0 18.1 3.9 1.6 0.8 13.4 0.5 59.6 0.0 11.5

26.6 16.0 3.9 1.4 0.8 17.2 0.5 60.6 0.0 10.6

23.9 16.4 3.3 1.3 0.9 19.2 0.5 64.3 0.0 9.0

25.7 16.4 2.6 0.9 0.6 25.8 0.8 67.9 0.0 6.9

23.1 15.4 2.2 0.7 0.5 22.1 0.6 73.4 0.0 5.5

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

14,088.5 7,897.8 295.0 8,806.3 393.7 -859.2

15,256.7 7,155.9 315.0 8,236.3 702.8 -1,016.5

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

26.4 14.8 2.4 1.5 0.9 18.9 0.5 54.9 0.0 12.4

33.4 15.7 2.8 1.6 0.8 29.4 1.0 56.4 0.0 11.9

73 BELARUS (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

682.5 681.4 383.7 258.8 0.0 124.9 85.8 297.7 0.0 42.4 255.4 1.1 0.0 1.1

798.1 796.4 487.9 283.3 0.0 204.6 85.7 308.5 0.0 54.8 253.6 1.8 0.0 1.8

710.4 709.1 442.5 252.6 0.0 189.9 84.7 266.6 0.0 38.4 228.2 1.3 0.0 1.3

690.1 688.9 400.1 216.7 0.0 183.4 83.5 288.8 0.0 55.5 233.3 1.2 0.0 1.2

645.0 643.4 350.5 182.7 0.0 167.8 81.1 292.9 0.0 24.3 268.6 1.5 0.0 1.5

714.1 713.0 396.9 166.1 0.0 230.9 117.8 316.0 0.0 28.0 288.0 1.1 0.0 1.1

691.0 678.5 382.6 148.2 0.0 234.4 127.3 295.9 0.0 14.4 281.5 12.5 0.0 12.5

.. ..

123.8 0.0

134.9 0.0

122.3 0.0

105.2 0.0

91.4 0.0

89.2 0.0

83.7 0.0

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

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

85.1 84.7 63.8 63.8 0.0 0.0 0.0 20.9 0.0 1.6 19.4 0.4 0.0 0.4

145.7 144.8 110.7 29.6 0.0 81.1 0.1 34.0 0.0 11.4 22.7 1.0 0.0 1.0

64.1 63.5 19.4 19.4 0.0 0.0 0.0 44.2 0.0 0.0 44.2 0.5 0.0 0.5

143.5 143.0 25.4 25.4 0.0 0.0 0.0 117.7 0.0 47.8 69.9 0.5 0.0 0.5

114.1 113.4 48.8 10.6 0.0 38.2 0.0 64.5 0.0 6.0 58.5 0.7 0.0 0.7

137.3 136.9 89.6 9.0 0.0 80.6 40.3 47.3 0.0 8.4 38.9 0.4 0.0 0.4

56.0 45.4 14.1 0.6 0.0 13.5 13.0 31.3 0.0 0.0 31.3 10.6 0.0 10.6

.. ..

.. ..

.. ..

13.3 0.0

3.6 0.0

12.5 0.0

5.5 0.0

6.4 0.0

3.9 0.0

0.6 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

69.5 69.4 20.4 7.3 0.0 13.1 0.0 49.0 0.0 2.0 46.9 0.1 0.0 0.1

60.8 60.5 20.1 16.2 0.0 3.8 0.2 40.4 0.0 2.0 38.4 0.4 0.0 0.4

90.8 90.3 44.4 27.2 0.0 17.2 1.0 45.9 0.0 5.7 40.2 0.5 0.0 0.5

134.9 134.3 52.4 48.8 0.0 3.6 1.3 81.9 0.0 27.8 54.1 0.6 0.0 0.6

143.7 143.3 65.3 35.9 0.0 29.4 2.3 78.0 0.0 35.6 42.3 0.4 0.0 0.4

123.7 123.6 54.9 39.8 0.0 15.2 3.6 68.6 0.0 8.5 60.2 0.1 0.0 0.1

135.7 135.3 45.8 35.6 0.0 10.2 3.6 89.5 0.0 16.1 73.4 0.4 0.0 0.4

.. ..

.. ..

.. ..

0.0 0.0

0.0 0.0

11.3 0.0

14.3 0.0

13.7 0.0

13.6 0.0

14.9 0.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

15.6 15.3 43.4 56.4 0.0 -13.1 0.0 -28.0 0.0 -0.5 -27.5 0.3 0.0 0.3

84.9 84.3 90.6 13.3 0.0 77.3 -0.1 -6.4 0.0 9.4 -15.7 0.6 0.0 0.6

-26.7 -26.8 -25.0 -7.9 0.0 -17.2 -1.0 -1.7 0.0 -5.7 4.0 0.0 0.0 0.0

8.7 8.7 -27.1 -23.4 0.0 -3.6 -1.3 35.8 0.0 20.0 15.8 -0.1 0.0 -0.1

-29.6 -29.9 -16.5 -25.3 0.0 8.8 -2.3 -13.4 0.0 -29.6 16.2 0.3 0.0 0.3

13.6 13.3 34.7 -30.8 0.0 65.4 36.6 -21.4 0.0 -0.1 -21.3 0.3 0.0 0.3

-79.7 -89.9 -31.7 -35.1 0.0 3.4 9.4 -58.2 0.0 -16.1 -42.1 10.2 0.0 10.2

.. ..

.. ..

.. ..

13.3 0.0

3.6 0.0

1.3 0.0

-8.8 0.0

-7.3 0.0

-9.8 0.0

-14.3 0.0

5. LONG-TERM DEBT

74 BELARUS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

52.4 52.4 22.6 17.3 0.0 5.3 1.8 29.9 0.0 2.3 27.6 0.0 0.0 0.0

40.5 40.4 25.9 18.9 0.0 6.9 1.8 14.6 0.0 1.9 12.7 0.0 0.0 0.0

40.4 40.4 24.7 19.2 0.0 5.5 1.8 15.7 0.0 1.9 13.8 0.0 0.0 0.0

37.7 37.7 18.2 16.6 0.0 1.6 1.6 19.4 0.0 4.3 15.1 0.0 0.0 0.0

46.0 46.0 27.8 14.2 0.0 13.6 2.0 18.2 0.0 2.2 16.0 0.0 0.0 0.0

34.1 34.1 16.6 10.6 0.0 5.9 2.2 17.5 0.0 1.7 15.8 0.0 0.0 0.0

30.4 30.2 13.1 9.2 0.0 3.9 2.6 17.1 0.0 1.5 15.6 0.2 0.0 0.2

.. ..

.. ..

.. ..

7.7 0.0

7.7 0.0

8.2 0.0

6.1 0.0

5.0 0.0

5.0 0.0

4.3 0.0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

-36.8 -37.1 20.8 39.2 0.0 -18.4 -1.8 -57.9 0.0 -2.8 -55.1 0.3 0.0 0.3

44.5 43.9 64.8 -5.6 0.0 70.4 -1.8 -20.9 0.0 7.5 -28.4 0.6 0.0 0.6

-67.1 -67.2 -49.7 -27.1 0.0 -22.6 -2.7 -17.5 0.0 -7.6 -9.9 0.0 0.0 0.0

-29.0 -28.9 -45.3 -40.0 0.0 -5.3 -2.8 16.4 0.0 15.7 0.7 -0.1 0.0 -0.1

-75.6 -75.9 -44.3 -39.5 0.0 -4.8 -4.3 -31.6 0.0 -31.8 0.1 0.3 0.0 0.3

-20.5 -20.8 18.1 -41.4 0.0 59.5 34.5 -38.9 0.0 -1.8 -37.1 0.3 0.0 0.3

-110.1 -120.1 -44.7 -44.3 0.0 -0.5 6.8 -75.3 0.0 -17.6 -57.7 10.0 0.0 10.0

.. ..

.. ..

.. ..

5.6 0.0

-4.1 0.0

-6.9 0.0

-14.9 0.0

-12.3 0.0

-14.8 0.0

-18.6 0.0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

122.0 121.8 42.9 24.6 0.0 18.4 1.8 78.9 0.0 4.3 74.5 0.1 0.0 0.1

101.3 100.9 45.9 35.2 0.0 10.7 1.9 55.0 0.0 3.9 51.1 0.4 0.0 0.4

131.2 130.7 69.1 46.4 0.0 22.6 2.7 61.6 0.0 7.6 54.1 0.5 0.0 0.5

172.5 172.0 70.7 65.4 0.0 5.3 2.8 101.3 0.0 32.1 69.2 0.6 0.0 0.6

189.7 189.3 93.1 50.1 0.0 43.0 4.3 96.1 0.0 37.8 58.3 0.4 0.0 0.4

157.8 157.7 71.5 50.4 0.0 21.1 5.8 86.2 0.0 10.2 76.0 0.1 0.0 0.1

166.1 165.5 58.9 44.8 0.0 14.0 6.3 106.6 0.0 17.6 89.0 0.6 0.0 0.6

.. ..

.. ..

.. ..

7.7 0.0

7.7 0.0

19.4 0.0

20.4 0.0

18.7 0.0

18.7 0.0

19.2 0.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

247.8 203.2 44.6

180.5 94.6 85.9

165.2 63.9 101.3

109.0 66.3 42.7

152.8 110.9 41.9

53.1 39.4 13.7

40.5 24.6 15.9

.. .. .. ..

.. .. .. ..

.. .. .. ..

85.8 451.0 681.4 1.1

85.7 530.3 796.4 1.8

84.7 451.2 709.1 1.3

83.5 408.0 688.9 1.2

81.1 383.2 635.2 9.8

117.8 474.2 694.4 19.7

127.3 471.0 663.4 27.6

.. 19.4 0.0 2.2 0.0 0.1 48.9 15.3 0.0 14.1

31.8 .. .. 2.3 0.0 0.0 51.7 14.2 0.0 0.0

32.1 .. .. 2.3 0.0 0.0 53.2 12.3 0.0 0.0

33.9 .. .. 2.3 0.0 0.0 49.8 12.1 0.0 2.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 35.5 0.0 2.1 0.0 0.7 33.8 18.2 0.0 9.8

.. 30.7 0.0 2.1 0.0 0.5 39.2 16.9 0.0 10.6

.. 24.9 0.0 2.7 0.0 0.3 43.9 17.3 0.0 10.9

75 BELARUS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 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 0.0 .. .. 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 123.7 304.8 -189.6 -124.9 .. .. 210.0 260.5 .. .. -6.7 3.3 2.6 .. .. 0.0 0.0 0.0 .. .. 0.0 0.0 0.0 .. .. -81.0 42.4 -61.4 -5.9 .. .. 1.4 -1.5 9. AVERAGE TERMS OF NEW COMMITMENTS

50.4 49.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

28.9 6.7 16.7 16.7 0.0 4.9 4.9 0.0 0.0 0.0 0.0 0.0

2.6 0.0 2.7 2.7 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

-155.7 -123.3 4.9 0.0 0.0 -25.5 -11.8

-7.9 20.5 -9.1 4.9 0.0 -22.4 -1.7

363.6 306.8 -3.8 0.0 0.0 56.8 3.8

293.3 141.2 0.9 0.0 0.0 63.4 -3.6

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.1 6.7 1.7 12.3

5.1 8.0 2.9 19.2

6.0 5.5 1.9 10.4

7.0 3.7 1.5 5.9

3.5 7.2 2.4 22.1

2.6 10.6 2.5 28.7

3.8 5.1 0.6 14.2

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.8 8.3 1.6 14.6

5.7 9.8 1.8 16.9

0.0 0.0 0.0 0.0

6.8 5.9 2.4 9.9

3.0 8.3 3.3 27.3

3.5 16.6 4.6 39.3

0.0 4.6 0.8 22.3

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.6 3.3 1.9 7.5

5.0 8.0 2.9 19.2

6.0 5.5 1.9 10.4

7.2 2.5 1.0 3.6

4.4 5.5 1.1 14.6

1.8 5.1 0.6 19.0

3.9 5.1 0.6 14.0

.. .. .. 125 73 69 136 .. .. .. 85 0 0 49 .. .. .. 40 73 69 87 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

158 93 65

35 17 18

32 1 31

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

15.4 163.3 22.4

9.4 171.4 16.6

5.5 129.1 11.0

4.6 81.6 7.0

2.7 46.9 4.5

1.8 17.7 3.1

0.9 14.8 2.7

0.2 11.0 2.3

0.0 10.3 2.0

0.0 9.2 1.8

5.0 76.4 12.3

4.5 87.1 9.5

5.0 57.4 7.0

4.4 44.7 5.0

2.7 26.7 3.5

1.8 10.8 2.6

0.9 9.0 2.3

0.2 9.0 2.1

0.0 8.3 1.8

0.0 7.2 1.6

1.9 38.7 4.8

1.0 52.0 4.1

0.6 31.1 3.2

0.4 21.8 2.6

0.0 6.7 2.2

0.0 5.1 2.1

0.0 5.1 1.9

0.0 5.1 1.7

0.0 5.1 1.6

0.0 5.1 1.4

3.1 37.7 7.6

3.6 35.1 5.5

4.5 26.3 3.8

4.0 22.9 2.4

2.7 19.9 1.3

1.8 5.8 0.5

0.9 3.9 0.4

0.2 3.9 0.3

0.0 3.2 0.3

0.0 2.2 0.2

10.4 86.9 10.1

4.9 84.3 7.0

0.5 71.7 3.9

0.2 37.0 2.0

0.0 20.3 1.0

0.0 6.9 0.5

0.0 5.8 0.3

0.0 2.0 0.2

0.0 2.0 0.2

0.0 2.0 0.1

0.0 5.9 0.7

0.0 5.9 0.4

0.0 1.7 0.1

0.0 0.8 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

10.4 81.0 9.4

4.9 78.4 6.7

0.5 70.0 3.9

0.2 36.1 1.9

0.0 20.3 1.0

0.0 6.9 0.5

0.0 5.8 0.3

0.0 2.0 0.2

0.0 2.0 0.2

0.0 2.0 0.1

76 BELIZE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

4.1 4.1 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

63.0 47.0 47.0 0.0 0.0 16.0 0.0 0.0 0.0 0.0 0.0 0.0

153.8 147.3 136.2 11.1 0.4 6.1 0.9 0.4 0.5 2.0 0.8 1.2

450.1 268.1 268.1 0.0 0.0 182.0 0.0 0.0 0.0 0.0 0.0 0.0

333.5 282.9 282.9 0.0 0.0 50.5 0.0 0.0 0.0 0.0 0.0 0.0

392.0 341.0 341.0 0.0 0.0 51.0 0.0 0.0 0.0 0.0 0.0 0.0

606.6 556.6 556.6 0.0 0.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0

699.6 648.8 648.8 0.0 0.0 50.8 0.0 0.0 0.0 0.0 0.0 0.0

833.5 788.5 788.5 0.0 0.0 45.0 0.0 0.0 0.0 0.0 0.0 0.0

1,057.6 992.6 992.6 0.0 0.0 65.0 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

4.3 4.3 0.0 0.0 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 4.3 0.0 0.0 0.0 0.0

13.7 13.7 0.0 0.6 0.6 0.0 -8.9 -22.0 3.1 0.9 0.0 2.2 -11.9 3.6 1.5 0.0 2.2

22.2 22.2 0.0 12.9 9.9 3.0 10.0 0.8 7.2 6.6 0.2 0.4 2.9 20.1 16.5 3.2 0.4

48.8 48.8 0.0 25.5 25.5 0.0 174.9 151.5 14.2 9.4 0.0 4.9 160.6 39.7 34.8 0.0 4.9

38.7 38.7 0.0 25.0 25.0 0.0 -117.8 -131.5 20.9 15.1 0.0 5.8 -138.7 46.0 40.1 0.0 5.8

96.8 96.8 0.0 24.5 24.5 0.0 72.7 0.5 21.5 18.6 0.0 2.8 51.3 46.0 43.2 0.0 2.8

218.1 218.1 0.0 41.2 41.2 0.0 176.0 -1.0 35.0 31.6 0.0 3.4 141.0 76.1 72.8 0.0 3.4

158.9 158.9 0.0 47.9 47.9 0.0 111.8 0.8 48.3 46.0 0.0 2.3 63.5 96.3 93.9 0.0 2.3

227.7 227.7 0.0 139.7 139.7 0.0 82.2 -5.8 49.5 47.8 0.0 1.7 32.7 189.2 187.5 0.0 1.7

263.9 263.9 0.0 66.8 66.8 0.0 217.1 20.0 67.7 66.0 0.0 1.7 149.4 134.5 132.8 0.0 1.7

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

13.2 4.3 7.1 0.0 1.8 1.1 6.1 7.1

21.9 13.1 0.0 0.0 8.8 2.4 16.2 5.8

33.9 12.3 17.2 0.0 4.4 12.9 11.0 22.9

39.8 23.3 12.0 0.0 4.5 6.9 19.4 20.4

62.4 13.7 17.7 0.0 31.1 3.5 38.5 23.9

134.0 72.3 47.4 0.0 14.4 4.4 16.3 117.7

205.7 177.0 17.7 0.0 11.0 4.6 18.1 187.6

193.6 111.0 59.9 0.0 22.7 6.3 39.4 154.2

122.8 88.1 25.0 0.0 9.7 5.1 19.4 103.4

245.6 197.1 40.0 0.0 8.5 4.0 27.9 217.7

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

13.2 0.0 0.0 6.1 7.1

21.0 0.9 0.0 15.3 5.8

19.8 6.6 7.5 6.8 13.0

6.3 9.4 24.1 12.2 -5.9

17.1 15.1 30.2 28.7 -11.6

92.2 18.6 23.2 5.8 86.4

145.7 31.6 28.4 6.5 139.2

114.3 46.0 33.3 26.5 87.8

41.8 47.8 33.2 7.7 34.0

145.6 66.0 34.0 15.0 130.5

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

51.5 .. 0.0 .. .. ..

192.8 .. 0.0 .. 12.7 ..

662.4 352.8 23.0 429.2 44.1 -59.8

692.8 398.8 21.0 492.2 71.3 -65.7

775.2 411.2 22.0 582.3 122.9 -131.0

792.6 477.1 21.0 693.7 112.0 -184.9

850.5 515.3 17.0 710.2 114.5 -162.7

898.7 550.0 17.0 758.9 84.7 -180.9

.. 7.9 .. .. 0.0 .. .. .. .. ..

.. 32.7 .. .. 1.6 20.1 .. 25.4 48.7 35.7

94.5 50.3 13.0 5.9 3.2 13.2 1.2 15.2 32.6 35.6

98.3 56.6 11.5 5.4 3.1 18.2 1.7 13.0 25.8 32.4

147.5 78.2 18.5 8.5 4.5 20.3 2.5 8.2 17.3 22.9

146.6 88.3 20.2 10.1 6.1 16.0 1.9 7.3 14.3 23.6

161.7 98.0 36.7 9.6 5.8 13.7 1.9 5.4 12.2 22.2

192.3 117.7 24.4 12.3 7.5 8.0 1.3 6.1 9.4 20.1

3. MAJOR ECONOMIC AGGREGATES 406.3 268.9 18.0 269.2 69.8 15.4

633.2 356.5 23.0 405.4 59.4 -31.9

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

57.2 37.9 7.5 2.7 1.8 45.4 3.1 4.0 52.6 37.3

126.3 71.1 11.1 4.0 2.2 13.2 1.8 40.4 25.0 23.3

77 BELIZE (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4.1 4.1 4.1 0.0 0.0 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

47.0 47.0 39.9 22.5 19.6 17.4 11.1 7.1 0.0 0.0 7.1 0.0 0.0 0.0

147.3 136.2 118.0 57.4 30.0 60.6 50.9 18.2 0.0 16.4 1.8 11.1 0.0 11.1

0.0 0.0

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4.3 4.3 4.3 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

268.1 268.1 208.8 104.8 38.5 104.0 74.2 59.2 0.0 57.7 1.5 0.0 0.0 0.0

282.9 282.9 217.5 118.6 38.2 98.9 70.5 65.5 0.0 65.3 0.2 0.0 0.0 0.0

341.0 341.0 216.7 127.1 36.7 89.6 64.6 124.3 0.0 124.3 0.1 0.0 0.0 0.0

556.6 556.6 228.4 139.1 39.7 89.3 65.4 328.2 74.9 244.7 8.6 0.0 0.0 0.0

648.8 648.8 245.8 164.8 40.3 81.0 59.5 402.9 71.9 317.5 13.6 0.0 0.0 0.0

788.5 788.5 259.7 185.0 43.3 74.7 58.2 528.8 210.9 303.3 14.5 0.0 0.0 0.0

992.6 992.6 283.9 212.2 46.1 71.7 53.2 708.7 307.9 389.4 11.4 0.0 0.0 0.0

17.5 0.0

39.9 0.0

41.4 0.0

41.3 0.0

40.0 0.0

43.2 0.0

44.4 0.0

41.7 0.0

13.7 13.7 7.9 4.6 3.2 3.3 0.7 5.8 0.0 0.0 5.8 0.0 0.0 0.0

22.2 17.9 13.2 5.8 2.2 7.5 4.6 4.6 0.0 4.6 0.0 4.3 0.0 4.3

48.8 48.8 31.8 26.5 2.4 5.3 1.8 17.0 0.0 17.0 0.0 0.0 0.0 0.0

38.7 38.7 24.7 19.0 1.7 5.7 0.8 14.0 0.0 14.0 0.0 0.0 0.0 0.0

96.8 96.8 19.5 18.2 2.6 1.3 0.4 77.3 0.0 77.3 0.0 0.0 0.0 0.0

218.1 218.1 26.6 22.3 3.9 4.3 1.5 191.5 86.0 95.7 9.8 0.0 0.0 0.0

158.9 158.9 34.9 32.9 3.7 2.1 1.0 124.0 0.0 117.0 7.0 0.0 0.0 0.0

227.7 227.7 30.8 26.5 4.3 4.2 4.2 197.0 143.0 48.0 5.9 0.0 0.0 0.0

263.9 263.9 41.9 35.0 3.2 6.9 0.9 222.0 100.0 122.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

3.4 0.0

12.6 0.0

4.0 0.0

3.2 0.0

2.3 0.0

6.6 0.0

5.3 0.0

2.1 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.6 0.6 0.5 0.4 0.3 0.1 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

9.9 9.0 6.6 2.7 1.5 3.9 1.1 2.4 0.0 2.3 0.1 0.9 0.0 0.9

25.5 25.5 16.9 6.5 2.8 10.4 3.7 8.6 0.0 7.2 1.4 0.0 0.0 0.0

25.0 25.0 17.3 6.2 2.5 11.1 4.8 7.8 0.0 6.4 1.4 0.0 0.0 0.0

24.5 24.5 17.5 7.6 2.7 9.9 5.7 7.0 0.0 6.9 0.1 0.0 0.0 0.0

41.2 41.2 19.5 8.8 3.3 10.7 6.9 21.6 11.1 9.2 1.3 0.0 0.0 0.0

47.9 47.9 18.2 8.4 2.9 9.9 6.3 29.7 3.1 24.6 2.0 0.0 0.0 0.0

139.7 139.7 21.1 9.0 2.9 12.1 7.1 118.5 4.0 106.5 8.1 0.0 0.0 0.0

66.8 66.8 22.5 11.3 2.2 11.1 7.1 44.3 3.0 38.3 3.1 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.6 0.0

2.3 0.0

2.7 0.0

3.2 0.0

3.6 0.0

3.4 0.0

4.1 0.0

4.9 0.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4.3 4.3 4.3 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.1 13.1 7.4 4.2 2.8 3.1 0.7 5.8 0.0 0.0 5.8 0.0 0.0 0.0

12.3 8.8 6.6 3.0 0.7 3.6 3.5 2.2 0.0 2.3 -0.1 3.4 0.0 3.4

23.3 23.3 14.9 20.0 -0.5 -5.1 -1.9 8.4 0.0 9.9 -1.4 0.0 0.0 0.0

13.7 13.7 7.4 12.8 -0.8 -5.4 -4.0 6.2 0.0 7.6 -1.4 0.0 0.0 0.0

72.3 72.3 2.0 10.6 -0.1 -8.6 -5.2 70.3 0.0 70.4 -0.1 0.0 0.0 0.0

177.0 177.0 7.0 13.5 0.6 -6.5 -5.4 169.9 74.9 86.5 8.4 0.0 0.0 0.0

111.0 111.0 16.7 24.5 0.8 -7.8 -5.4 94.3 -3.1 92.4 5.0 0.0 0.0 0.0

88.1 88.1 9.6 17.5 1.4 -7.9 -2.9 78.4 139.0 -58.4 -2.1 0.0 0.0 0.0

197.1 197.1 19.4 23.6 1.0 -4.2 -6.2 177.7 97.0 83.7 -3.1 0.0 0.0 0.0

0.0 0.0

0.0 0.0

2.8 0.0

10.3 0.0

1.3 0.0

-0.1 0.0

-1.3 0.0

3.3 0.0

1.2 0.0

-2.8 0.0

5. LONG-TERM DEBT

78 BELIZE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.9 0.9 0.9 0.6 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.6 5.6 4.2 2.7 1.0 1.5 0.6 1.4 0.0 1.4 0.0 0.9 0.0 0.9

9.4 9.4 7.2 3.8 0.8 3.3 1.2 2.2 0.0 2.0 0.2 0.0 0.0 0.0

15.1 15.1 9.8 5.2 0.8 4.6 2.5 5.3 0.0 5.2 0.1 0.0 0.0 0.0

18.6 18.6 10.6 6.0 0.8 4.6 2.5 8.1 0.0 8.0 0.0 0.0 0.0 0.0

31.6 31.6 11.6 7.4 1.0 4.2 2.4 20.0 1.3 18.2 0.5 0.0 0.0 0.0

46.0 46.0 12.9 9.2 0.9 3.8 2.1 33.1 8.3 24.0 0.7 0.0 0.0 0.0

47.8 47.8 11.7 8.2 0.7 3.5 1.9 36.2 7.9 27.4 0.9 0.0 0.0 0.0

66.0 66.0 12.9 9.3 0.9 3.6 2.1 53.1 26.8 25.7 0.6 0.0 0.0 0.0

0.0 0.0

0.0 0.0

1.1 0.0

2.1 0.0

2.4 0.0

3.1 0.0

3.4 0.0

3.4 0.0

2.9 0.0

2.3 0.0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4.3 4.3 4.3 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.2 12.2 6.5 3.6 2.3 2.9 0.7 5.8 0.0 0.0 5.8 0.0 0.0 0.0

5.7 3.2 2.4 0.3 -0.4 2.1 3.0 0.8 0.0 1.0 -0.2 2.5 0.0 2.5

14.0 14.0 7.7 16.2 -1.3 -8.4 -3.0 6.2 0.0 7.8 -1.6 0.0 0.0 0.0

-1.4 -1.4 -2.4 7.6 -1.6 -10.0 -6.5 0.9 0.0 2.3 -1.4 0.0 0.0 0.0

53.6 53.6 -8.6 4.6 -0.9 -13.2 -7.8 62.2 0.0 62.3 -0.1 0.0 0.0 0.0

145.3 145.3 -4.5 6.1 -0.4 -10.7 -7.8 149.9 73.6 68.3 8.0 0.0 0.0 0.0

65.0 65.0 3.8 15.3 -0.1 -11.6 -7.5 61.2 -11.4 68.4 4.2 0.0 0.0 0.0

40.2 40.2 -2.0 9.3 0.6 -11.3 -4.8 42.2 131.1 -85.8 -3.0 0.0 0.0 0.0

131.1 131.1 6.5 14.4 0.1 -7.9 -8.3 124.5 70.2 58.0 -3.7 0.0 0.0 0.0

0.0 0.0

0.0 0.0

1.7 0.0

8.2 0.0

-1.1 0.0

-3.1 0.0

-4.6 0.0

-0.1 0.0

-1.7 0.0

-5.1 0.0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1.5 1.5 1.4 1.0 0.9 0.4 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

16.5 14.6 10.8 5.4 2.5 5.4 1.6 3.8 0.0 3.7 0.2 1.8 0.0 1.8

34.8 34.8 24.0 10.3 3.6 13.7 4.9 10.8 0.0 9.2 1.6 0.0 0.0 0.0

40.1 40.1 27.1 11.4 3.3 15.7 7.3 13.1 0.0 11.7 1.4 0.0 0.0 0.0

43.2 43.2 28.1 13.6 3.5 14.5 8.2 15.1 0.0 15.0 0.1 0.0 0.0 0.0

72.8 72.8 31.1 16.2 4.3 14.9 9.3 41.6 12.4 27.4 1.8 0.0 0.0 0.0

93.9 93.9 31.2 17.5 3.8 13.6 8.4 62.8 11.4 48.6 2.8 0.0 0.0 0.0

187.5 187.5 32.8 17.2 3.6 15.6 9.0 154.7 11.9 133.9 9.0 0.0 0.0 0.0

132.8 132.8 35.4 20.6 3.1 14.8 9.2 97.5 29.8 64.0 3.7 0.0 0.0 0.0

0.0 0.0

0.0 0.0

1.8 0.0

4.4 0.0

5.1 0.0

6.3 0.0

6.9 0.0

6.7 0.0

7.0 0.0

7.2 0.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.0 0.0 0.0

22.7 17.9 4.8

60.9 49.8 11.1

73.5 56.5 17.0

97.5 72.5 25.0

219.8 147.9 71.9

246.1 187.7 58.4

190.8 137.4 53.4

132.3 116.6 15.8

96.4 86.3 10.0

0.0 0.0 4.1 0.0

30.7 0.0 47.0 0.0

80.9 38.6 136.2 11.1

112.7 61.4 268.1 0.0

108.7 61.9 282.9 0.0

101.3 62.2 341.0 0.0

105.1 99.6 556.6 0.0

99.8 116.6 648.8 0.0

101.4 127.6 788.5 0.0

99.4 134.4 992.6 0.0

.. 0.0 0.0 0.0 1.8 0.0 92.6 0.8 0.1 4.7

4.1 .. .. 0.0 1.3 0.0 93.1 0.5 0.1 1.0

3.5 .. .. 0.0 1.0 0.0 93.9 0.3 0.0 1.3

3.2 .. .. 0.0 0.7 0.0 94.9 0.2 0.0 1.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0

.. 0.8 0.0 0.0 15.3 0.0 29.3 23.5 0.0 31.1

.. 0.7 0.0 0.0 23.6 0.0 45.3 23.4 0.5 6.5

.. 0.1 0.0 0.0 6.2 0.0 68.8 17.2 0.4 7.3

.. 0.1 0.0 0.0 5.2 0.0 84.1 2.8 0.3 7.4

.. 0.0 0.0 0.0 3.7 0.0 88.7 1.8 0.2 5.5

79 BELIZE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 9.1 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 8. DEBT STOCK-FLOW RECONCILIATION 58.6 .. 9.0 168.6 -116.6 -8.9 10.0 174.9 -117.8 72.7 .. 0.3 -0.6 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. -9.1 0.0 0.0 0.0 1.1 -2.7 .. 6.9 -5.7 .. 0.9 0.0 0.1 -11.5 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

214.6 176.0 0.0 0.0 0.0 -2.1 40.7

93.0 111.8 0.0 0.0 0.0 -1.2 -17.6

133.9 82.2 0.0 0.0 0.0 6.4 45.2

224.1 217.1 0.0 0.0 0.0 7.0 0.0

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 4.3 .. .. .. .. ..

7.0 26.0 3.0 20.7

5.5 18.6 4.7 29.7

5.0 10.0 2.5 21.2

6.8 15.1 4.3 20.4

6.6 17.7 4.2 20.1

5.9 19.1 4.5 25.4

8.6 12.0 3.7 7.7

5.0 10.1 3.8 14.1

8.4 9.8 8.7 4.7

9.3 7.8 6.4 2.2

7.0 26.0 3.0 20.7

4.4 26.0 6.8 43.8

5.0 10.0 2.5 21.2

6.4 16.4 5.4 21.4

6.4 22.1 4.9 23.9

6.3 21.7 4.9 24.4

6.3 21.1 5.3 24.0

5.8 20.6 5.2 27.0

6.1 19.6 4.2 23.4

4.1 16.6 3.9 30.1

0.0 0.0 0.0 0.0

7.3 7.7 1.7 8.6

0.0 0.0 0.0 0.0

7.2 14.1 3.3 19.6

6.9 9.6 2.9 13.2

5.3 15.7 4.0 26.7

9.5 8.1 3.0 0.7

4.6 5.4 3.2 8.3

8.6 9.1 9.0 3.3

9.5 7.4 6.5 0.9

4 12 5 47 63 170 224 4 7 5 21 41 96 68 0 5 0 26 22 74 156 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

112 34 77

171 12 159

227 11 216

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

41.5 99.4 79.0

27.5 121.6 71.7

15.3 68.2 65.7

7.5 69.0 61.0

2.9 58.8 56.2

0.9 53.7 52.0

0.4 67.1 47.1

0.2 43.8 42.5

0.1 184.1 38.2

0.0 36.6 22.4

34.1 26.4 14.5

25.4 23.4 14.5

14.8 25.9 14.0

7.5 27.1 13.1

2.9 26.0 11.8

0.9 24.8 10.6

0.4 23.1 9.4

0.2 21.6 8.3

0.1 18.8 7.3

0.0 16.8 6.4

2.9 7.9 3.2

2.6 7.1 3.1

1.6 6.4 2.9

0.9 6.4 2.6

0.5 6.3 2.4

0.3 5.6 2.1

0.2 4.5 1.8

0.1 3.7 1.6

0.1 3.4 1.4

0.0 1.9 1.3

31.1 18.5 11.2

22.8 16.3 11.4

13.2 19.5 11.2

6.5 20.7 10.4

2.4 19.7 9.5

0.6 19.1 8.5

0.2 18.6 7.6

0.1 17.8 6.7

0.0 15.5 5.9

0.0 14.9 5.2

7.5 73.0 64.5

2.0 98.2 57.1

0.5 42.3 51.6

0.0 41.8 48.0

0.0 32.8 44.4

0.0 28.9 41.4

0.0 44.1 37.7

0.0 22.3 34.2

0.0 165.3 30.9

0.0 19.8 15.9

7.5 64.4 34.4

2.0 63.2 29.1

0.5 35.2 25.6

0.0 35.8 22.5

0.0 26.8 19.4

0.0 22.9 17.0

0.0 38.1 13.8

0.0 21.8 10.7

0.0 21.8 8.4

0.0 19.3 6.2

0.0 8.7 30.1

0.0 34.9 28.1

0.0 7.0 26.1

0.0 6.0 25.5

0.0 6.0 24.9

0.0 6.0 24.4

0.0 6.0 23.9

0.0 0.4 23.5

0.0 143.4 22.5

0.0 0.4 9.8

80 BENIN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

41 41 41 0 0 1 1 0 1 3 1 2 0

424 334 334 0 16 73 5 0 5 13 1 13 0

1,292 1,218 1,218 0 18 55 21 18 2 69 60 9 303

1,627 1,396 1,396 0 95 136 8 7 1 71 68 3 125

1,651 1,472 1,472 0 94 86 8 7 1 73 69 4 141

1,687 1,473 1,473 0 92 122 8 7 1 73 70 3 126

1,591 1,442 1,442 0 84 65 0 0 0 0 0 0 116

1,661 1,505 1,505 0 77 79 0 0 0 0 0 0 103

1,836 1,689 1,689 0 73 74 0 0 0 0 0 0 142

1,828 1,726 1,726 0 73 29 0 0 0 0 0 0 146

2 2 0 1 1 0 1 0 0 0 0 0 1 2 2 0 0

71 62 9 6 6 0 42 -24 14 3 0 11 27 20 9 0 11

120 120 0 20 19 2 92 -8 18 14 0 4 74 38 33 2 4

57 51 6 32 28 4 114 89 23 18 0 4 91 55 46 5 4

62 62 0 35 29 5 -24 -50 26 21 0 5 -50 61 50 6 5

83 73 10 45 36 9 74 36 25 20 0 5 49 70 56 9 5

39 30 9 55 45 11 -65 -48 20 15 0 4 -85 75 60 11 4

124 113 10 32 23 10 105 13 17 14 0 3 88 50 37 10 3

72 67 5 33 23 10 34 -5 26 22 0 3 9 58 45 10 3

69 60 9 42 32 10 -17 -45 18 16 0 2 -35 60 48 10 2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

17 1 7 0 9 6 9 8

101 56 4 0 41 26 97 4

274 102 62 0 110 49 212 62

176 22 26 2 126 78 148 28

188 32 35 1 120 67 152 36

176 37 39 2 98 65 135 41

195 -14 64 0 145 68 131 64

267 91 44 0 132 62 223 44

210 44 41 0 125 68 169 41

262 28 51 0 183 91 211 51

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

17 0 0 9 8

96 3 3 95 1

260 14 0 198 62

147 18 12 130 17

155 21 12 131 24

148 20 9 115 33

176 15 4 116 61

245 14 7 209 36

181 22 6 147 35

245 16 1 194 51

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

330 .. 0 .. 16 ..

1,402 318 77 428 15 -36

2,321 671 90 805 261 -133

2,372 696 77 890 400 -156

2,242 637 87 748 458 -81

2,351 628 84 788 578 -75

2,669 .. 84 .. 616 ..

3,450 .. 84 .. 510 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 12.6 .. .. 0.1 37.5 .. 2.1 70.3 1.0

133.1 30.2 6.3 4.5 1.0 3.5 0.4 17.3 39.2 24.5

246.1 71.1 9.1 3.9 1.1 15.8 3.9 5.2 80.7 56.5

242.5 71.1 10.1 3.6 1.1 23.7 5.4 7.2 80.6 56.7

249.8 70.9 11.8 3.1 0.9 28.8 7.3 4.1 84.3 59.7

264.5 70.7 7.9 2.8 0.7 34.8 8.8 4.7 84.9 59.6

.. 68.8 .. .. 1.0 33.5 .. 4.0 86.2 62.6

.. 53.0 .. .. 0.5 27.9 .. 1.6 90.1 70.8

3. MAJOR ECONOMIC AGGREGATES 1,806 465 101 492 69 -18

2,127 631 71 794 253 -154

4. DEBT INDICATORS 277.9 71.5 8.2 3.8 1.0 5.4 1.7 4.3 78.1 41.6

257.8 76.5 8.7 3.6 1.1 15.6 3.8 8.4 77.7 53.5

81 BENIN (US$ million, unless otherwise indicated) 1970

1980

1990

41 41 29 0 0 29 29 11 0 0 11 0 0 0

334 334 217 104 84 113 82 118 0 0 118 0 0 0

1,218 1,218 1,202 537 497 665 512 17 0 0 17 0 0 0

0 0

0 52

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 1 0 0 1 1 1 0 0 1 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,396 1,396 1,393 871 852 522 413 3 0 0 3 0 0 0

1,472 1,472 1,468 933 904 536 429 4 0 0 4 0 0 0

1,473 1,473 1,470 957 933 513 426 3 0 0 3 0 0 0

1,442 1,442 1,439 950 929 489 412 3 0 0 3 0 0 0

1,505 1,505 1,503 989 971 513 439 3 0 0 3 0 0 0

1,689 1,689 1,686 1,149 1,127 537 456 3 0 0 3 0 0 0

1,726 1,726 1,722 1,294 1,271 429 377 4 0 0 4 0 0 0

0 326

0 510

0 543

0 574

0 578

0 598

0 654

0 729

62 62 58 24 19 35 16 3 0 0 3 0 0 0

120 120 120 91 82 29 29 0 0 0 0 0 0 0

51 51 51 42 41 9 9 0 0 0 0 0 0 0

62 62 62 45 34 17 17 0 0 0 0 0 0 0

73 73 73 73 70 1 1 0 0 0 0 0 0 0

30 30 30 29 29 2 2 0 0 0 0 0 0 0

113 113 113 97 97 16 16 0 0 0 0 0 0 0

67 67 67 60 60 7 7 0 0 0 0 0 0 0

60 60 60 56 56 5 5 0 0 0 0 0 0 0

0 0

0 12

0 56

0 20

0 20

0 48

0 36

0 48

0 23

0 28

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 0 0 1 1 0 0 0 0 0 0 0

6 6 2 1 0 1 1 3 0 0 3 0 0 0

19 19 18 18 7 0 0 0 0 0 0 0 0 0

28 28 28 18 14 10 4 0 0 0 0 0 0 0

29 29 29 18 15 11 5 0 0 0 0 0 0 0

36 36 36 20 17 16 5 0 0 0 0 0 0 0

45 45 45 15 12 30 24 0 0 0 0 0 0 0

23 23 23 15 12 8 8 0 0 0 0 0 0 0

23 23 23 13 11 10 9 0 0 0 0 0 0 0

32 32 32 14 12 17 15 0 0 0 0 0 0 0

0 0

0 0

0 1

0 4

0 4

0 6

0 4

0 4

0 3

0 4

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 0 0 0 0 0 1 0 0 1 0 0 0

56 56 56 23 19 33 15 0 0 0 0 0 0 0

102 102 102 73 75 29 29 0 0 0 0 0 0 0

22 22 22 24 27 -2 4 0 0 0 0 0 0 0

32 32 32 27 19 5 12 0 0 0 0 0 0 0

37 37 37 52 53 -15 -5 0 0 0 0 0 0 0

-14 -14 -14 13 16 -28 -22 0 0 0 0 0 0 0

91 91 91 82 85 9 9 0 0 0 0 0 0 0

44 44 44 47 49 -3 -2 0 0 0 0 0 0 0

28 28 28 41 43 -13 -11 0 0 0 0 0 0 0

0 0

0 12

0 55

0 16

0 16

0 43

0 33

0 44

0 20

0 23

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

82 BENIN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 3 2 1 1 1 0 1 0 0 1 0 0 0

14 14 14 13 6 1 1 0 0 0 0 0 0 0

18 18 18 10 9 8 3 0 0 0 0 0 0 0

21 21 21 10 8 11 4 0 0 0 0 0 0 0

20 20 20 10 8 10 4 0 0 0 0 0 0 0

15 15 15 9 8 6 3 0 0 0 0 0 0 0

14 14 14 8 7 6 4 0 0 0 0 0 0 0

22 22 22 12 11 10 6 0 0 0 0 0 0 0

16 16 16 11 9 6 3 0 0 0 0 0 0 0

0 0

0 0

0 2

0 4

0 4

0 4

0 4

0 4

0 4

0 5

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 0 0 0 0 0 1 0 0 1 0 0 0

53 53 54 21 18 33 15 -1 0 0 -1 0 0 0

88 88 88 60 69 28 28 0 0 0 0 0 0 0

4 4 4 14 18 -9 2 0 0 0 0 0 0 0

11 11 11 17 11 -6 8 0 0 0 0 0 0 0

17 17 17 42 45 -25 -9 0 0 0 0 0 0 0

-30 -30 -30 4 8 -34 -25 0 0 0 0 0 0 0

77 77 77 74 78 2 5 0 0 0 0 0 0 0

22 22 22 35 38 -13 -8 0 0 0 0 0 0 0

12 12 12 30 34 -19 -14 0 0 0 0 0 0 0

0 0

0 12

0 53

0 12

0 12

0 39

0 29

0 40

0 16

0 19

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 2 0 0 0 0 0 0 0

9 9 4 2 1 2 1 4 0 0 4 0 0 0

33 33 32 31 13 1 1 0 0 0 0 0 0 0

46 46 46 28 23 18 7 0 0 0 0 0 0 0

50 50 50 28 23 22 9 0 0 0 0 0 0 0

56 56 56 30 25 26 10 0 0 0 0 0 0 0

60 60 60 25 20 35 27 0 0 0 0 0 0 0

37 37 37 23 19 14 11 0 0 0 0 0 0 0

45 45 45 25 22 20 15 0 0 0 0 0 0 0

48 48 48 25 22 23 18 0 0 0 0 0 0 0

0 0

0 0

0 3

0 7

0 8

0 10

0 8

0 8

0 7

0 9

15 15 0

532 154 378

414 414 0

322 322 0

384 384 0

392 392 0

402 402 0

353 353 0

406 406 0

377 377 0

29 0 41 0

166 2 334 0

1,009 26 1,218 0

1,265 13 1,396 0

1,333 14 1,472 0

1,359 12 1,473 0

1,341 13 1,442 0

1,411 12 1,505 0

1,583 13 1,689 0

1,647 5 1,726 0

.. 0.2 6.6 2.3 0.3 0.0 60.9 14.2 1.9 13.7

9.0 .. .. 1.9 0.3 0.0 61.4 13.0 1.8 12.6

8.9 .. .. 3.7 0.3 0.0 58.6 12.8 1.8 13.9

7.7 .. .. 2.0 0.3 0.0 59.7 13.8 2.1 14.3

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 5.3 16.7 0.0 0.0 0.0 6.6 0.0 0.0 71.5

.. 0.3 27.2 0.0 0.0 0.1 18.9 6.7 0.0 46.9

.. 0.3 18.7 0.0 0.9 0.0 50.8 7.3 1.9 20.2

.. 0.2 9.2 1.0 0.3 0.0 55.3 14.4 1.9 17.7

.. 0.2 8.5 2.2 0.3 0.0 54.5 14.7 1.9 17.7

.. 0.2 7.2 2.5 0.3 0.0 56.4 14.6 1.9 17.0

83 BENIN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0

53 0 37 37 0 6 6 0 4 1 0 0

24 0 0 0 0 3 3 0 10 1 0 0

0 0 0 0 0 0 0 0 11 0 0 0

0 0 0 0 0 0 0 0 12 1 59 0

36 74 0 0 0 -36 -3

-96 -65 -8 6 -4 -53 28

70 105 0 3 -10 -35 7

175 34 0 0 -11 80 73

-8 -17 0 0 -71 110 -31

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 1 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. 12 0 0 .. 0 0 0 .. 9 0 0 .. 4 0 0 .. 5 0 0 .. 1 0 0 .. 0 0 0 .. 0 0 0 .. 122 1 0 .. 3 0 0 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 50 34 24 .. 42 92 114 -24 .. -8 0 0 .. 1 0 0 .. -122 -1 0 .. 62 -143 -38 85 .. 24 65 9. AVERAGE TERMS OF NEW COMMITMENTS

1.8 32.0 7.0 59.9

8.3 11.9 3.7 9.0

1.3 39.2 8.4 72.0

1.7 22.5 6.4 56.0

2.0 32.6 8.6 64.6

2.1 30.2 8.1 62.8

1.6 36.0 8.3 68.5

0.9 40.2 12.8 78.6

0.9 39.3 9.5 76.9

0.0 0.0 0.0 0.0

1.1 36.0 8.0 67.7

4.4 26.1 5.3 40.8

1.3 39.2 8.4 72.0

1.7 22.5 6.4 56.0

2.0 32.6 8.6 64.6

2.1 30.2 8.1 62.8

1.6 36.0 8.3 68.5

0.9 40.2 12.8 78.6

0.9 39.3 9.5 76.9

0.0 0.0 0.0 0.0

6.0 7.5 0.5 11.7

8.8 10.1 3.5 4.9

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

7 448 85 43 117 101 109 6 51 85 43 117 101 109 1 397 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

77 77 0

101 101 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

77 85 20

95 84 19

70 83 19

50 82 18

36 84 18

22 84 17

14 88 16

6 88 15

4 91 14

2 92 13

77 83 19

95 82 19

70 83 19

50 82 18

36 84 18

22 84 17

14 88 16

6 88 15

4 91 14

2 92 13

5 43 6

5 39 5

1 34 5

0 33 4

0 34 4

0 34 4

0 34 3

0 34 3

0 34 3

0 33 2

72 40 13

90 42 14

69 49 14

50 49 14

36 50 14

22 50 13

14 54 13

6 54 12

4 58 11

2 59 10

0 2 0

0 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 2 0

0 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

84 BHUTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

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

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

83.5 80.3 80.3 0.0 0.0 3.3 0.3 0.3 0.0 1.5 1.5 0.0

119.6 117.6 117.6 0.0 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0

171.0 171.0 171.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

183.8 181.8 181.8 0.0 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0

204.2 202.2 202.2 0.0 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0

265.2 265.2 265.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

377.9 376.9 376.9 0.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0

421.9 414.9 414.9 0.0 0.0 7.0 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

8.4 8.4 0.0 2.9 2.9 0.0 6.5 1.0 2.3 2.0 0.0 0.2 4.2 5.2 5.0 0.0 0.2

16.8 16.8 0.0 4.9 4.9 0.0 13.8 1.9 2.3 2.2 0.0 0.1 11.5 7.2 7.1 0.0 0.1

60.3 60.3 0.0 7.0 7.0 0.0 51.3 -2.0 2.1 2.1 0.0 0.0 49.1 9.2 9.2 0.0 0.0

8.3 8.3 0.0 4.9 4.9 0.0 5.4 2.0 2.1 2.0 0.0 0.1 3.3 7.0 6.9 0.0 0.1

34.8 34.8 0.0 4.7 4.7 0.0 30.1 0.0 2.0 1.8 0.0 0.2 28.1 6.7 6.5 0.0 0.2

79.5 79.5 0.0 4.5 4.5 0.0 72.9 -2.0 1.7 1.7 0.0 0.0 71.2 6.3 6.3 0.0 0.0

97.8 97.8 0.0 4.5 4.5 0.0 94.3 1.0 1.9 1.9 0.0 0.0 92.4 6.4 6.4 0.0 0.0

27.1 27.1 0.0 4.8 4.8 0.0 28.3 6.0 2.3 2.3 0.0 0.0 26.0 7.1 7.1 0.0 0.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

24.0 5.5 1.6 0.0 16.9 23.7 25.0 -1.0

46.9 11.9 -0.7 0.0 35.7 23.6 49.9 -3.0

81.9 53.3 0.3 0.0 28.3 19.9 83.9 -2.0

41.5 3.4 0.3 0.0 37.8 22.4 41.2 0.3

50.6 30.1 -0.1 0.0 20.6 21.9 50.7 -0.1

105.2 74.9 0.3 0.0 30.0 17.1 104.9 0.3

125.8 93.3 0.3 0.0 32.2 19.7 125.5 0.3

64.2 22.3 0.2 0.0 41.7 22.8 64.0 0.2

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

21.9 2.0 0.0 24.6 -2.6

44.7 2.2 0.0 47.9 -3.3

79.7 2.1 0.0 81.8 -2.1

39.5 2.0 0.0 39.2 0.3

48.8 1.8 0.0 48.9 -0.1

103.5 1.7 0.0 103.2 0.3

123.9 1.9 0.0 123.6 0.3

61.8 2.3 0.0 61.6 0.2

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

346.7 128.0 0.0 177.2 256.8 16.8

373.4 130.4 0.0 192.8 292.3 13.2

427.9 139.7 0.0 258.4 317.6 -13.4

478.9 148.8 0.0 272.7 323.4 -40.0

535.5 138.6 0.0 262.7 354.9 -41.9

584.3 .. 0.0 .. 366.6 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

133.6 49.3 7.2 1.7 0.6 150.1 17.4 0.0 69.5 47.5

141.0 49.2 5.4 1.6 0.6 159.0 18.2 1.1 71.2 50.8

146.2 47.7 4.8 1.4 0.5 155.5 14.8 1.0 65.4 49.3

178.2 55.4 4.2 1.2 0.4 122.0 14.2 0.0 51.7 40.5

272.6 70.6 4.6 1.4 0.4 93.9 16.2 0.3 49.4 37.2

.. 72.2 .. .. 0.4 86.9 .. 1.7 50.3 35.3

3. MAJOR ECONOMIC AGGREGATES 266.0 94.9 0.0 122.9 88.8 -28.0

362.8 118.9 0.0 147.9 188.7 21.9

4. DEBT INDICATORS 88.0 31.4 5.5 2.4 0.9 106.3 8.7 3.9 74.0 50.1

100.6 33.0 6.1 2.0 0.6 157.8 15.3 1.7 96.4 61.5

85 BHUTAN (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

80.3 80.3 61.8 41.9 41.9 19.9 19.9 18.5 0.0 0.0 18.5 0.0 0.0 0.0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

117.6 117.6 115.4 73.5 73.5 41.8 41.8 2.3 0.0 0.0 2.3 0.0 0.0 0.0

171.0 171.0 171.0 81.2 81.2 89.8 37.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

181.8 181.8 181.8 93.4 93.4 88.4 37.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

202.2 202.2 202.2 100.6 100.6 101.6 32.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

265.2 265.2 265.2 107.5 107.5 157.6 29.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

376.9 376.9 376.9 140.5 140.5 236.4 46.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

414.9 414.9 414.9 149.1 149.1 265.8 63.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 16.1

0.0 22.5

0.0 23.9

0.0 24.1

0.0 26.1

0.0 30.7

0.0 38.5

0.0 49.2

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

8.4 8.4 8.4 7.2 7.2 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.8 16.8 16.8 9.2 9.2 7.5 7.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

60.3 60.3 60.3 5.6 5.6 54.7 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.3 8.3 8.3 3.1 3.1 5.2 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

34.8 34.8 34.8 11.8 11.8 23.0 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

79.5 79.5 79.5 13.5 13.5 66.0 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

97.8 97.8 97.8 23.0 23.0 74.9 13.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

27.1 27.1 27.1 12.7 12.7 14.4 12.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 2.0

0.0 1.1

0.0 0.7

0.0 1.0

0.0 3.6

0.0 6.0

0.0 5.5

0.0 6.9

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

2.9 2.9 0.3 0.0 0.0 0.3 0.3 2.6 0.0 0.0 2.6 0.0 0.0 0.0

4.9 4.9 2.6 0.9 0.9 1.7 1.7 2.3 0.0 0.0 2.3 0.0 0.0 0.0

7.0 7.0 4.8 1.0 1.0 3.8 3.8 2.3 0.0 0.0 2.3 0.0 0.0 0.0

4.9 4.9 4.9 1.3 1.3 3.6 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.7 4.7 4.7 1.3 1.3 3.4 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.5 4.5 4.5 1.2 1.2 3.4 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.5 4.5 4.5 1.2 1.2 3.4 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 1.3 1.3 3.5 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.0 0.2

0.0 0.2

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

5.5 5.5 8.1 7.2 7.2 0.9 0.9 -2.6 0.0 0.0 -2.6 0.0 0.0 0.0

11.9 11.9 14.2 8.4 8.4 5.8 5.8 -2.3 0.0 0.0 -2.3 0.0 0.0 0.0

53.3 53.3 55.5 4.6 4.6 50.9 -2.9 -2.3 0.0 0.0 -2.3 0.0 0.0 0.0

3.4 3.4 3.4 1.8 1.8 1.6 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

30.1 30.1 30.1 10.5 10.5 19.6 -2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

74.9 74.9 74.9 12.3 12.3 62.6 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

93.3 93.3 93.3 21.8 21.8 71.5 10.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

22.3 22.3 22.3 11.4 11.4 10.9 8.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 2.0

0.0 0.9

0.0 0.5

0.0 0.7

0.0 3.3

0.0 5.7

0.0 5.2

0.0 6.6

5. LONG-TERM DEBT

86 BHUTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

2.0 2.0 0.4 0.3 0.3 0.1 0.1 1.6 0.0 0.0 1.6 0.0 0.0 0.0

2.2 2.2 2.0 0.6 0.6 1.3 1.3 0.3 0.0 0.0 0.3 0.0 0.0 0.0

2.1 2.1 2.0 0.7 0.7 1.3 1.3 0.1 0.0 0.0 0.1 0.0 0.0 0.0

2.0 2.0 2.0 0.9 0.9 1.1 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 0.9 0.9 0.9 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 0.9 0.9 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.9 1.9 1.9 1.0 1.0 0.9 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.3 2.3 2.3 1.2 1.2 1.1 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.1

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.3

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

3.4 3.4 7.7 6.9 6.9 0.8 0.8 -4.2 0.0 0.0 -4.2 0.0 0.0 0.0

9.7 9.7 12.2 7.7 7.7 4.5 4.5 -2.6 0.0 0.0 -2.6 0.0 0.0 0.0

51.1 51.1 53.5 4.0 4.0 49.5 -4.3 -2.4 0.0 0.0 -2.4 0.0 0.0 0.0

1.4 1.4 1.4 0.9 0.9 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

28.3 28.3 28.3 9.6 9.6 18.7 -3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

73.2 73.2 73.2 11.4 11.4 61.8 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

91.4 91.4 91.4 20.8 20.8 70.6 9.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

20.0 20.0 20.0 10.2 10.2 9.8 7.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 1.9

0.0 0.8

0.0 0.4

0.0 0.6

0.0 3.1

0.0 5.5

0.0 5.0

0.0 6.3

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

5.0 5.0 0.7 0.3 0.3 0.4 0.4 4.2 0.0 0.0 4.2 0.0 0.0 0.0

7.1 7.1 4.6 1.5 1.5 3.1 3.1 2.6 0.0 0.0 2.6 0.0 0.0 0.0

9.2 9.2 6.8 1.7 1.7 5.1 5.1 2.4 0.0 0.0 2.4 0.0 0.0 0.0

6.9 6.9 6.9 2.2 2.2 4.8 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.5 6.5 6.5 2.2 2.2 4.3 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.3 6.3 6.3 2.1 2.1 4.2 4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.4 6.4 6.4 2.2 2.2 4.2 4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.1 7.1 7.1 2.5 2.5 4.6 4.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.1

0.0 0.3

0.0 0.4

0.0 0.4

0.0 0.4

0.0 0.4

0.0 0.5

0.0 0.6

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

48.4 48.4 0.0

189.7 189.7 0.0

146.0 146.0 0.0

133.5 133.5 0.0

173.9 173.9 0.0

97.7 97.7 0.0

165.1 165.1 0.0

250.8 250.8 0.0

.. .. .. ..

.. .. .. ..

61.8 0.0 80.3 0.0

115.4 0.0 117.6 0.0

118.9 0.0 171.0 0.0

130.8 0.0 181.8 0.0

133.5 0.0 202.2 0.0

137.1 0.0 265.2 0.0

186.6 0.0 376.9 0.0

212.3 0.0 414.9 0.0

.. 0.0 0.0 0.0 0.0 0.0 17.7 25.7 6.6 50.1

4.9 .. .. 0.0 0.0 0.0 17.6 17.7 5.4 54.4

8.5 .. .. 0.0 0.0 0.0 18.3 14.0 5.1 54.2

12.3 .. .. 0.0 0.0 0.0 20.6 10.2 5.2 51.8

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 0.0 0.0 0.0 0.0 0.0 43.1 22.8 9.3 24.8

.. 0.0 0.0 0.0 0.0 0.0 21.6 32.6 10.8 35.0

.. 0.0 0.0 0.0 0.0 0.0 15.7 24.2 7.9 52.2

.. 0.0 0.0 0.0 0.0 0.0 15.5 29.0 7.1 48.4

87 BHUTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION 51.4 12.8 .. 9.7 6.6 13.8 51.3 5.4 .. 6.5 .. 0.3 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 1.1 -7.9 0.0 -2.2 .. 1.8 0.7 0.2 9.6 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

20.4 30.1 0.0 0.0 0.0 -10.6 1.0

60.9 72.9 0.0 0.0 0.0 -7.7 -4.3

112.7 94.3 0.0 0.0 0.0 10.6 7.8

44.1 28.3 0.0 0.0 0.0 27.4 -11.7

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

2.1 39.5 10.0 68.8

0.0 0.0 0.0 0.0

3.6 31.7 10.0 53.1

1.1 31.5 8.8 72.6

6.8 23.2 9.9 24.8

5.6 28.6 9.9 37.2

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

2.1 39.5 10.0 68.8

0.0 0.0 0.0 0.0

3.6 31.7 10.0 53.1

1.1 31.5 8.8 72.6

6.8 23.2 9.9 24.8

5.6 28.6 9.9 37.2

.. .. .. ..

.. .. .. ..

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

.. .. 0 0 28 0 85 .. .. 0 0 28 0 85 .. .. 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

8 8 0

175 175 0

99 99 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

118.3 5.2 23.6

58.5 5.0 31.1

29.2 33.9 34.4

17.3 34.6 33.1

8.9 33.2 30.9

6.0 34.4 28.4

4.8 37.9 25.9

3.0 38.0 23.2

1.9 38.5 20.5

1.3 38.8 17.9

118.3 5.2 23.6

58.5 5.0 31.1

29.2 33.9 34.4

17.3 34.6 33.1

8.9 33.2 30.9

6.0 34.4 28.4

4.8 37.9 25.9

3.0 38.0 23.2

1.9 38.5 20.5

1.3 38.8 17.9

102.0 3.3 22.1

44.2 2.9 29.4

17.3 31.3 32.4

7.2 31.9 30.9

0.0 29.5 28.6

0.0 29.0 26.0

0.0 31.5 23.5

0.0 31.5 20.9

0.0 31.5 18.3

0.0 31.5 15.7

16.3 1.8 1.5

14.3 2.1 1.7

11.9 2.6 2.0

10.1 2.8 2.2

8.9 3.8 2.3

6.0 5.4 2.3

4.8 6.4 2.4

3.0 6.5 2.3

1.9 7.0 2.3

1.3 7.3 2.2

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 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 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

88 BOLIVIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

588 491 480 11 6 91 0 0 0 3 3 0 0

2,702 2,274 2,182 92 126 303 3 2 0 22 15 7 0

4,275 3,864 3,687 177 257 154 6 2 4 31 9 22 794

5,237 4,559 4,133 426 248 429 3 3 0 28 18 9 495

5,616 4,938 4,296 643 264 413 3 3 0 28 19 9 269

5,548 4,889 4,246 643 247 413 3 3 0 18 18 0 226

5,785 5,162 4,136 1,026 220 402 2 2 0 19 19 0 204

4,692 4,105 3,126 979 207 380 0 0 0 0 0 0 130

5,004 4,438 3,515 923 195 370 0 0 0 0 0 0 66

5,684 5,289 4,258 1,031 279 116 0 0 0 0 0 0 52

58 58 0 19 19 0 39 0 7 7 0 0 32 26 26 0 0

553 457 96 145 145 0 180 -228 220 173 3 45 -40 365 318 3 45

331 300 31 241 196 46 32 -57 144 117 13 14 -112 385 313 59 14

666 643 23 263 229 34 480 78 212 189 1 21 268 475 418 36 21

492 446 46 268 233 35 208 -16 165 143 1 21 42 433 376 36 21

442 419 23 288 265 23 154 0 130 108 1 21 24 418 373 24 21

758 743 15 454 434 20 293 -10 180 159 1 20 113 634 593 21 20

571 547 24 361 340 21 191 -20 184 168 1 15 7 544 507 22 15

618 618 0 363 346 17 245 -10 115 100 1 15 129 479 446 18 15

1,031 941 90 298 279 19 480 -254 129 122 1 6 351 427 400 20 6

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

-34 39 -76 0 3 9 39 -73

451 312 91 0 48 41 204 247

334 104 27 0 202 108 330 3

1,444 414 731 0 299 199 503 941

1,395 213 949 0 233 185 338 1,058

1,370 153 1,011 0 206 193 359 1,011

1,266 309 736 0 221 150 334 932

1,264 207 706 0 352 232 581 683

1,548 272 677 0 600 213 947 601

1,280 663 167 0 451 266 985 295

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

-41 7 0 35 -77

258 173 19 161 97

200 117 17 230 -30

1,174 189 80 355 820

1,171 143 81 202 969

1,120 108 142 258 862

959 159 148 223 736

929 168 168 484 445

1,265 100 183 880 385

924 122 234 900 24

1,256 .. 0 .. 46 ..

2,784 1,046 1 1,112 553 -6

8,335 1,547 88 2,489 1,219 -666

8,089 1,540 96 2,342 1,249 -488

8,165 1,711 127 2,443 1,184 -446

7,812 1,749 135 2,312 1,146 -274

7,596 1,742 113 2,380 893 -352

7,565 2,038 126 2,349 1,097 36

.. 46.8 .. .. 0.6 7.9 .. 15.5 45.0 4.4

258.4 97.1 35.0 21.1 7.9 20.5 6.0 11.2 24.6 16.5

363.1 67.4 28.0 10.7 2.0 21.7 5.9 7.4 57.3 47.9

360.2 68.6 27.1 8.4 1.6 22.5 6.4 7.4 57.5 50.0

338.1 70.8 37.1 10.5 2.2 20.5 5.8 7.0 53.9 48.5

268.3 60.1 31.1 10.5 2.4 24.4 5.9 8.1 47.8 62.4

287.3 65.9 27.5 6.6 1.5 17.8 4.5 7.4 52.7 65.7

278.9 75.1 20.9 6.3 1.7 19.3 5.6 2.0 58.2 70.8

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

4,626 998 5 1,354 511 -199

7,730 1,580 85 2,357 1,359 -554

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

428.6 92.4 38.6 14.4 3.1 12.0 4.5 3.6 44.2 37.2

331.4 67.7 30.1 13.4 2.7 26.0 6.9 8.2 56.7 51.2

89 BOLIVIA (US$ million, unless otherwise indicated) 1970

1980

1990

491 480 275 26 26 249 239 205 67 2 136 11 0 11

2,274 2,182 1,110 447 178 663 487 1,072 73 603 395 92 0 92

3,864 3,687 3,362 1,589 882 1,773 1,006 325 35 4 286 177 0 177

0 18

175 64

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

58 55 45 2 2 43 33 10 0 0 10 3 0 3

1997

1998

1999

2000

2001

2002

2003

4,559 4,133 4,100 2,680 1,688 1,420 1,279 33 9 1 23 426 0 426

4,938 4,296 4,258 2,690 1,794 1,568 1,422 37 9 4 24 643 0 643

4,889 4,246 4,221 2,777 1,909 1,444 1,281 25 0 4 21 643 0 643

5,162 4,136 4,103 2,803 1,968 1,300 1,150 33 0 3 30 1,026 0 1,026

4,105 3,126 3,105 2,925 2,082 180 162 20 0 0 20 979 0 979

4,438 3,515 3,491 3,286 2,444 205 193 24 0 0 24 923 0 923

5,289 4,258 4,234 4,026 3,105 208 203 25 0 0 25 1,031 0 1,031

194 393

37 930

26 1,045

13 1,097

0 1,096

0 1,146

0 1,321

0 1,571

457 441 198 108 28 91 31 242 0 55 187 16 0 16

300 300 291 204 90 86 85 9 0 0 9 0 0 0

643 374 365 351 227 14 14 8 0 0 8 269 0 269

446 315 309 251 194 58 54 7 0 4 2 131 0 131

419 291 288 255 168 34 22 3 0 0 3 127 0 127

743 275 262 237 150 25 21 13 0 0 13 468 0 468

547 374 370 324 191 46 41 3 0 0 3 173 0 173

618 499 495 460 300 36 34 3 0 0 3 119 0 119

941 717 716 696 502 20 20 1 0 0 1 224 0 224

0 2

73 2

0 49

0 136

0 88

0 82

0 61

0 102

0 104

0 143

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

19 17 9 2 2 7 5 8 0 1 7 2 0 2

145 126 43 7 0 36 15 84 1 49 33 19 0 19

196 172 163 117 14 46 9 9 0 2 8 24 0 24

229 168 162 151 26 10 4 6 3 2 2 61 0 61

233 206 203 190 23 14 9 3 0 1 2 27 0 27

265 139 135 111 18 24 17 3 0 1 2 127 0 127

434 153 149 118 21 32 22 4 0 1 3 281 0 281

340 143 140 117 15 24 18 2 0 0 2 197 0 197

346 149 148 130 14 17 11 1 0 0 1 198 0 198

279 184 182 163 24 19 11 1 0 0 1 95 0 95

0 0

3 0

21 2

19 4

13 3

13 0

12 0

0 1

0 7

0 6

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

39 38 36 0 0 36 28 2 0 -1 3 1 0 1

312 315 156 101 28 55 16 159 -1 6 154 -3 0 -3

104 128 128 87 77 41 76 0 0 -2 1 -24 0 -24

414 206 204 200 202 4 10 2 -3 -2 7 208 0 208

213 109 105 61 171 44 45 4 0 4 0 104 0 104

153 153 153 143 150 10 5 -1 0 0 0 1 0 1

309 122 113 119 129 -7 -1 9 0 -1 10 187 0 187

207 231 230 207 176 23 23 1 0 0 2 -24 0 -24

272 350 348 329 286 18 23 2 0 0 2 -78 0 -78

663 533 534 533 479 1 9 -1 0 0 -1 129 0 129

0 2

70 1

-21 47

-19 132

-13 85

-13 82

-12 61

0 101

0 96

0 136

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

90 BOLIVIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

7 7 4 1 1 3 2 3 1 0 2 1 0 1

173 164 43 21 2 21 11 121 3 95 22 9 0 9

117 103 101 69 10 32 6 2 0 1 2 14 0 14

189 150 148 100 20 49 41 1 0 0 1 40 0 40

143 137 135 91 20 44 37 1 0 0 1 6 0 6

108 103 102 78 14 24 20 1 0 0 1 5 0 5

159 112 111 82 15 29 23 1 0 0 1 47 0 47

168 99 97 72 10 25 22 1 0 0 1 69 0 69

100 68 68 61 12 6 5 0 0 0 0 32 0 32

122 85 85 81 32 4 3 0 0 0 0 36 0 36

0 0

10 0

15 3

4 6

3 6

2 0

1 1

0 1

0 7

0 8

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

32 31 32 0 0 33 26 -1 -1 -1 1 0 0 0

138 151 113 79 25 34 6 38 -4 -90 132 -12 0 -12

-13 25 27 18 66 9 71 -3 0 -2 0 -38 0 -38

225 56 55 100 182 -45 -31 1 -3 -2 6 168 0 168

71 -27 -30 -30 150 0 8 3 0 4 -1 98 0 98

45 50 52 66 136 -14 -15 -2 0 -1 -1 -4 0 -4

150 10 2 38 114 -35 -24 8 0 -1 9 140 0 140

39 132 132 135 166 -3 1 0 0 -1 1 -93 0 -93

172 282 280 268 274 12 18 2 0 0 2 -110 0 -110

541 448 450 452 447 -2 7 -1 0 0 -1 93 0 93

0 2

60 1

-36 45

-24 126

-15 79

-15 82

-13 60

0 100

0 89

0 128

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

26 23 13 3 3 10 7 11 1 1 8 3 0 3

318 290 85 28 3 57 25 205 4 145 56 28 0 28

313 275 263 186 24 77 14 12 0 2 10 38 0 38

418 317 310 251 46 59 45 7 3 2 3 101 0 101

376 343 339 281 43 58 46 4 0 1 3 33 0 33

373 242 237 189 32 48 36 5 0 1 4 132 0 132

593 265 260 200 36 60 46 5 0 1 4 328 0 328

507 241 238 189 25 49 40 3 0 1 3 266 0 266

446 217 215 192 26 24 16 1 0 0 1 229 0 229

400 269 267 245 56 22 13 2 0 0 2 132 0 132

0 0

13 1

36 4

24 10

15 9

15 0

13 1

0 2

0 15

0 14

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

72 66 6

954 804 150

1,123 1,107 16

1,099 1,087 11

1,277 1,247 30

1,217 1,193 24

1,078 1,067 11

1,148 1,137 10

1,240 1,230 9

1,189 1,179 10

265 11 467 24

665 719 2,166 107

1,888 918 3,687 177

2,967 888 4,133 426

3,215 1,079 4,296 643

3,190 1,048 3,839 1,050

3,118 1,438 3,759 1,403

2,244 1,346 3,083 1,022

2,636 1,461 3,470 969

3,308 1,859 4,222 1,067

.. 7.2 0.7 12.3 0.2 0.0 45.0 29.9 0.4 4.3

0.7 .. .. 0.0 0.0 0.0 61.0 37.2 0.6 0.4

1.0 .. .. 0.0 0.0 0.0 65.9 32.2 0.6 0.4

0.8 .. .. 0.0 0.0 0.0 71.4 26.8 0.7 0.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 2.3 0.1 0.0 0.0 0.0 85.9 11.7 0.0 0.0

.. 6.8 0.8 1.7 2.0 0.3 65.1 18.1 0.0 5.3

.. 7.0 2.2 10.0 0.9 0.7 41.3 29.4 0.0 8.6

.. 8.6 1.3 11.3 0.5 0.0 37.1 34.8 0.1 6.3

.. 9.1 1.4 12.2 0.4 0.0 39.0 31.3 0.2 6.5

.. 7.9 0.8 13.5 0.2 0.0 42.2 30.7 0.3 4.4

91 BOLIVIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 153 301 0 550 .. 0 0 0 532 .. 81 300 0 3 .. 69 300 0 3 .. 12 0 0 0 .. 63 0 0 0 .. 59 0 0 0 .. 3 0 0 0 .. 92 83 18 34 .. 60 12 1 8 .. 20 0 94 102 .. 4 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 143 42 379 -67 180 32 480 208 154 .. -44 -22 0 0 .. 63 0 0 0 .. -109 -83 -111 -136 .. 114 -418 -3 -41 .. 86 84 286 -43 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 28 8 18 0

0 0 0 0 0 0 0 0 99 18 1,050 0

3 0 0 0 0 0 0 0 41 13 61 0

0 0 0 0 0 0 0 0 34 12 0 0

236 293 0 0 -46 -212 202

-1,093 191 -2 0 -1,149 -193 61

312 245 0 0 -102 113 55

680 480 0 0 -34 226 8

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 39 .. .. .. .. ..

1.9 47.7 4.0 66.6

8.4 15.5 4.5 13.0

4.2 29.2 7.9 47.8

4.8 20.2 5.7 36.2

1.7 34.7 9.5 68.9

2.0 34.7 9.1 67.2

4.2 28.4 7.8 48.0

3.3 23.2 6.0 46.2

4.1 21.8 5.7 40.4

3.1 21.4 6.2 47.0

1.8 48.2 4.0 67.4

8.1 21.5 5.3 20.4

4.1 29.5 7.9 48.4

4.8 20.7 5.8 37.1

1.7 35.9 9.7 70.0

2.0 35.8 9.3 68.0

4.2 28.6 7.9 48.2

3.3 23.3 6.1 46.5

4.1 21.9 5.7 40.5

3.1 21.4 6.2 47.0

12.0 5.5 3.5 -6.9

8.7 10.1 3.9 6.4

9.4 5.8 1.5 1.0

5.5 6.0 1.3 12.6

1.1 12.4 5.3 50.1

0.8 10.0 5.9 48.8

7.4 5.3 0.8 5.9

5.9 5.6 1.1 10.6

6.3 5.5 1.0 9.5

0.0 0.0 0.0 0.0

24 370 549 174 479 319 180 24 176 542 168 454 306 179 0 194 7 6 25 13 1 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

542 537 4

625 623 2

724 724 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

332 389 183

297 356 180

201 450 161

139 341 139

88 335 123

57 316 104

34 312 89

18 294 76

11 278 64

7 267 52

328 213 109

294 213 107

199 251 104

138 236 96

88 224 88

56 233 80

34 233 72

18 228 63

11 225 56

7 220 49

19 17 6

19 18 6

12 17 5

9 15 5

6 16 5

4 18 5

3 20 4

3 20 4

2 18 3

1 14 3

309 196 103

275 195 102

187 234 98

129 220 92

82 208 83

52 215 75

31 214 67

15 208 60

9 206 52

6 206 46

4 176 74

3 143 73

2 199 57

1 105 43

0 111 34

0 83 24

0 78 17

0 66 13

0 53 9

0 47 4

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

4 176 74

3 143 73

2 199 57

1 105 43

0 111 34

0 83 24

0 78 17

0 66 13

0 53 9

0 47 4

92 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

.. .. .. .. 41 57 .. .. .. .. .. .. 234

.. .. .. .. 77 119 .. .. .. .. .. .. 128

2,707 2,574 2,571 3 94 40 2 2 0 30 4 26 177

2,443 2,289 2,283 7 105 49 1 1 0 2 2 0 163

2,283 2,112 2,101 11 111 60 0 0 0 0 0 0 246

2,853 2,366 2,345 21 139 349 2 2 0 0 0 0 333

2,920 2,674 2,629 44 134 113 0 0 0 0 0 0 381

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

.. .. 0 .. .. 1 .. .. .. .. 2 .. .. .. .. 3 ..

.. .. 33 .. .. 0 .. .. .. .. 3 .. .. .. .. 3 ..

160 120 40 25 4 21 91 -44 166 160 3 3 -75 191 163 24 3

136 100 36 191 171 20 -44 11 134 126 5 3 -178 325 297 25 3

112 94 18 207 200 8 -84 12 92 85 5 3 -177 300 284 13 3

195 154 41 101 78 23 382 287 64 58 3 3 318 164 136 26 3

188 154 34 121 71 51 -168 -234 61 55 2 4 -229 183 126 53 4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

.. .. .. .. 701 86 .. ..

.. .. .. .. 499 243 .. ..

1,115 116 177 0 822 105 938 177

645 -71 146 0 570 103 496 150

444 -106 118 0 431 123 322 122

669 76 268 0 325 123 395 274

782 84 382 0 317 152 382 400

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

955 160 0 802 153

520 126 0 409 110

357 85 2 258 99

606 58 5 351 255

717 55 10 340 376

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

4,626 2,618 1,542 4,094 175 -813

4,964 2,666 1,386 4,472 452 -1,122

4,774 2,726 1,147 4,220 497 -1,032

5,264 2,646 1,072 4,375 1,221 -1,217

5,847 2,676 1,049 4,825 1,321 -1,694

7,303 3,280 1,178 5,852 1,796 -2,038

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

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

101.5 54.5 7.2 6.2 3.3 16.7 1.2 1.5 33.3 52.1

89.6 51.2 11.9 4.9 2.8 20.3 1.4 2.0 37.6 51.8

86.3 43.4 11.3 3.5 1.8 53.5 3.3 2.6 41.2 48.9

106.6 48.8 6.1 2.4 1.1 46.3 3.3 12.2 40.0 44.2

89.0 40.0 5.6 1.9 0.8 61.5 3.7 3.9 45.3 48.9

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

3,299 .. 0 .. 80 ..

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

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

93 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

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

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

2,574 2,571 2,000 1,410 419 590 481 570 333 135 103 3 0 3

2,289 2,283 1,825 1,266 460 559 458 458 333 125 0 7 0 7

2,112 2,101 1,650 1,116 502 534 438 451 333 118 0 11 0 11

2,366 2,345 1,871 1,261 644 610 498 473 333 140 0 21 0 21

2,674 2,629 2,127 1,428 758 699 566 502 333 169 0 44 0 44

.. ..

566 167

581 312

578 373

562 398

540 443

538 578

540 683

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

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

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

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

120 120 120 118 105 2 2 0 0 0 0 0 0 0

100 95 95 90 62 5 5 0 0 0 0 5 0 5

94 81 81 80 62 1 1 0 0 0 0 13 0 13

154 136 136 108 98 27 15 0 0 0 0 19 0 19

154 113 113 90 49 23 23 0 0 0 0 41 0 41

.. ..

.. ..

.. ..

0 65

0 135

0 68

0 44

0 62

0 97

0 48

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

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

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

4 4 4 4 0 0 0 0 0 0 0 0 0 0

171 170 170 166 0 4 4 0 0 0 0 1 0 1

200 191 191 186 1 5 5 0 0 0 0 9 0 9

78 65 65 39 2 26 13 0 0 0 0 13 0 13

71 47 47 34 2 13 11 0 0 0 0 23 0 23

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

5 0

23 0

24 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

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

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

116 116 116 114 104 2 2 0 0 0 0 0 0 0

-71 -75 -75 -76 62 1 1 0 0 0 0 4 0 4

-106 -109 -109 -106 60 -3 -3 0 0 0 0 4 0 4

76 70 70 69 96 1 2 0 0 0 0 6 0 6

84 65 65 55 47 10 12 0 0 0 0 18 0 18

.. ..

.. ..

.. ..

0 65

0 135

0 68

0 44

-5 62

-23 97

-24 48

5. LONG-TERM DEBT

94 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

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

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

160 159 136 131 3 5 2 23 20 3 0 0 0 0

126 125 86 74 4 13 8 39 37 2 0 0 0 0

85 84 64 53 5 10 7 20 18 2 0 1 0 1

58 57 44 30 5 14 9 13 9 4 0 1 0 1

55 53 42 28 6 14 8 12 7 5 0 2 0 2

.. ..

.. ..

.. ..

36 1

35 1

34 2

33 3

31 3

22 4

17 5

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

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

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

-43 -43 -20 -17 101 -3 0 -23 -20 -3 0 0 0 0

-197 -200 -161 -150 58 -11 -7 -39 -37 -2 0 3 0 3

-190 -193 -173 -160 56 -13 -10 -20 -18 -2 0 3 0 3

18 13 26 39 91 -13 -7 -13 -9 -4 0 5 0 5

28 12 24 28 41 -4 4 -12 -7 -5 0 16 0 16

.. ..

.. ..

.. ..

-36 64

-35 133

-34 66

-33 41

-36 59

-45 93

-41 44

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

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

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

163 163 140 135 3 5 2 23 20 3 0 0 0 0

297 295 256 240 4 16 12 39 37 2 0 1 0 1

284 274 254 240 6 15 12 20 18 2 0 10 0 10

136 123 109 69 7 40 22 13 9 4 0 13 0 13

126 101 89 62 8 27 20 12 7 5 0 25 0 25

.. ..

.. ..

.. ..

36 1

35 1

34 2

33 3

36 3

45 4

41 5

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

382 382 0

422 422 0

518 518 0

542 542 0

472 472 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

901 1,180 2,571 3

918 1,068 2,283 7

940 1,060 2,101 11

1,143 1,094 2,345 21

1,324 1,198 2,629 44

.. 10.2 0.0 0.0 0.0 2.0 38.2 24.8 0.0 24.7

26.4 .. .. 0.0 0.0 2.0 44.2 26.0 0.0 1.3

28.0 .. .. 0.1 0.0 2.0 45.3 23.2 0.0 1.3

30.6 .. .. 1.0 0.0 2.0 44.3 20.8 0.1 1.3

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

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

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

.. 9.1 0.0 0.0 0.0 1.4 36.9 22.7 0.0 29.9

95 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

613 0 468 0 468 97 0 97 0 0 0 0

4 0 2 0 2 1 0 1 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

73 91 -35 97 0 -96 15

-264 -44 -1 1 0 -115 -105

-160 -84 -1 0 0 -78 3

571 382 2 0 0 184 4

67 -168 -2 0 0 239 -3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 8. DEBT STOCK-FLOW RECONCILIATION .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

1.5 30.7 9.2 69.0

3.5 25.6 7.2 49.1

2.0 29.5 8.2 64.0

0.8 34.6 9.9 78.3

1.4 19.4 10.4 63.8

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

1.5 30.7 9.2 69.0

3.5 25.6 7.2 49.1

2.0 29.5 8.2 64.0

0.8 34.6 9.9 78.3

1.4 19.4 10.4 63.8

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

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

.. .. .. .. .. 255 151 .. .. .. .. .. 255 151 .. .. .. .. .. 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

199 199 0

105 105 0

57 57 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

140 95 57

92 119 56

72 128 54

54 132 51

42 129 49

30 137 46

17 135 43

11 139 40

7 135 36

4 135 33

140 80 45

92 67 45

72 73 44

54 85 43

42 89 41

30 98 39

17 97 37

11 101 34

7 97 32

4 97 30

10 44 15

7 28 15

4 28 14

2 28 13

1 29 13

0 28 12

0 28 11

0 28 10

0 28 9

0 28 9

129 37 30

85 39 30

67 45 30

52 57 30

41 60 29

29 70 27

16 69 26

11 73 24

7 69 23

4 68 21

0 15 12

0 51 11

0 54 10

0 46 8

0 40 8

0 38 7

0 38 6

0 38 5

0 38 4

0 38 4

0 0 3

0 13 3

0 13 3

0 13 3

0 13 3

0 13 2

0 13 2

0 13 2

0 13 2

0 13 1

0 15 8

0 38 8

0 41 7

0 33 6

0 27 5

0 25 4

0 25 4

0 25 3

0 25 3

0 25 2

96 BOTSWANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

17.4 17.4 17.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

135.6 131.6 131.6 0.0 0.0 4.0 0.0 0.0 0.0 0.0 0.0 0.0

552.9 547.1 547.1 0.0 0.0 5.8 2.6 1.3 1.3 2.7 0.9 1.8

574.7 534.7 534.7 0.0 0.0 40.0 0.0 0.0 0.0 0.1 0.1 0.0

532.2 524.7 524.7 0.0 0.0 7.4 0.0 0.0 0.0 1.2 1.2 0.0

504.2 484.5 484.5 0.0 0.0 19.7 0.0 0.0 0.0 1.1 1.1 0.0

452.8 437.8 437.8 0.0 0.0 15.0 0.0 0.0 0.0 1.0 1.0 0.0

399.9 378.9 378.9 0.0 0.0 21.0 0.0 0.0 0.0 0.0 0.0 0.0

488.4 472.4 472.4 0.0 0.0 16.0 0.0 0.0 0.0 0.0 0.0 0.0

513.6 484.6 484.6 0.0 0.0 29.0 0.0 0.0 0.0 0.0 0.0 0.0

5.7 5.7 0.0 0.2 0.2 0.0 5.6 0.0 0.4 0.4 0.0 0.0 5.1 0.6 0.6 0.0 0.0

27.2 27.2 0.0 6.0 6.0 0.0 8.3 -13.0 8.2 6.7 0.0 1.5 0.1 14.1 12.6 0.0 1.5

27.0 27.0 0.0 66.5 66.5 0.0 -39.4 0.1 38.8 38.6 0.0 0.2 -78.2 105.3 105.1 0.0 0.2

21.2 21.2 0.0 74.1 74.1 0.0 -18.9 34.0 29.1 27.7 0.0 1.4 -47.9 103.2 101.8 0.0 1.4

22.5 22.5 0.0 53.0 53.0 0.0 -63.1 -32.6 23.2 22.8 0.0 0.4 -86.3 76.3 75.8 0.0 0.4

21.9 21.9 0.0 52.3 52.3 0.0 -18.2 12.3 21.5 20.7 0.0 0.8 -39.6 73.8 73.0 0.0 0.8

28.0 28.0 0.0 52.1 52.1 0.0 -28.8 -4.7 16.6 15.2 0.0 1.3 -45.3 68.7 67.4 0.0 1.3

7.4 7.4 0.0 39.3 39.3 0.0 -25.9 6.0 12.9 11.9 0.0 1.0 -38.7 52.1 51.1 0.0 1.0

1.8 1.8 0.0 44.6 44.6 0.0 -47.8 -5.0 16.2 15.2 0.0 1.0 -63.9 60.8 59.8 0.0 1.0

13.5 13.5 0.0 38.0 38.0 0.0 -11.6 13.0 12.4 11.4 0.0 1.0 -24.0 50.5 49.5 0.0 1.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

14.9 5.6 0.0 0.0 9.3 2.7 12.0 2.9

183.5 21.3 111.6 0.0 50.6 47.5 69.0 114.4

134.9 -39.5 95.9 0.0 78.4 59.1 57.4 77.4

99.3 -52.9 100.1 10.8 41.2 41.0 -6.7 105.9

95.8 -30.5 95.3 -14.1 45.2 31.8 19.1 76.7

31.5 -30.4 36.7 -7.5 32.8 27.3 -7.5 39.0

45.3 -24.1 57.2 -5.9 18.1 18.2 -2.9 48.2

12.7 -31.9 22.1 6.0 16.5 17.9 -13.2 25.9

381.2 -42.8 403.4 7.1 13.5 38.7 -27.0 408.3

76.6 -24.6 86.3 0.0 14.9 27.7 -7.5 84.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

14.4 0.4 0.0 11.5 2.9

69.2 6.7 107.6 63.3 5.9

-310.7 38.6 406.9 21.8 -332.5

-597.7 27.7 669.3 -32.0 -565.8

-334.4 22.8 407.4 -2.2 -332.2

-596.2 20.7 607.0 -26.4 -569.8

-627.8 15.2 657.9 -16.8 -611.0

-342.8 11.9 343.7 -24.5 -318.3

-542.9 15.2 909.0 -41.9 -501.1

-889.4 11.4 954.5 -18.7 -870.7

101.0 .. 0.0 .. .. ..

1,028.0 747.5 77.0 953.5 334.0 -151.1

4,762.4 3,419.3 34.0 3,087.5 6,298.7 583.5

4,899.8 3,378.6 26.0 3,050.2 6,318.2 545.2

5,046.7 3,013.5 26.0 2,612.9 5,897.3 597.7

4,695.6 3,076.5 27.0 3,118.6 5,473.9 170.2

7,236.3 3,778.5 27.0 3,444.2 5,339.8 ..

.. 17.2 .. .. 0.4 .. .. 0.0 64.3 30.0

18.1 13.2 1.9 1.1 0.8 246.3 4.2 2.9 43.8 62.1

14.7 10.6 2.2 0.6 0.5 1,249.2 24.5 3.9 59.1 66.9

13.4 9.2 2.0 0.5 0.3 1,395.5 24.9 3.3 64.0 65.7

13.3 7.9 1.7 0.4 0.3 1,474.8 27.1 5.3 66.9 65.0

15.9 10.4 2.0 0.5 0.3 1,120.7 21.1 3.3 60.6 66.6

13.6 7.1 1.3 0.3 0.2 1,039.6 18.6 5.6 60.3 64.8

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

3,684.7 2,421.1 86.0 2,508.9 3,331.5 -19.3

5,046.1 3,652.1 48.0 3,132.0 5,675.0 721.4

5,051.9 2,938.6 43.0 3,008.7 5,940.7 169.7

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

22.8 15.0 4.3 1.6 1.1 602.5 15.9 1.0 32.9 70.0

15.7 11.4 2.8 0.8 0.6 987.4 21.7 7.0 52.6 69.2

18.1 10.5 2.6 0.8 0.5 1,116.3 23.7 1.4 58.4 72.8

97 BOTSWANA (US$ million, unless otherwise indicated) 1970

1980

1990

17.4 17.4 14.2 5.2 5.2 9.0 6.0 3.2 2.6 0.0 0.6 0.0 0.0 0.0

131.6 131.6 123.8 84.3 31.5 39.5 27.9 7.8 2.5 0.0 5.3 0.0 0.0 0.0

547.1 547.1 519.7 387.1 109.8 132.7 71.9 27.4 0.0 3.0 24.4 0.0 0.0 0.0

0.0 5.2

50.0 15.6

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.7 5.7 2.8 1.6 1.6 1.2 1.2 2.9 2.6 0.0 0.3 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

534.7 534.7 507.1 398.0 204.6 109.2 97.6 27.6 0.0 18.3 9.3 0.0 0.0 0.0

524.7 524.7 500.5 387.2 205.9 113.3 105.1 24.2 0.0 14.9 9.3 0.0 0.0 0.0

484.5 484.5 452.6 337.4 187.9 115.2 110.0 31.9 0.0 23.4 8.6 0.0 0.0 0.0

437.8 437.8 409.9 297.4 180.1 112.5 109.5 27.9 0.0 19.9 8.0 0.0 0.0 0.0

378.9 378.9 359.5 260.0 168.8 99.5 98.7 19.3 0.0 12.0 7.3 0.0 0.0 0.0

472.4 472.4 455.3 325.5 166.2 129.8 129.6 17.1 0.0 10.4 6.7 0.0 0.0 0.0

484.6 484.6 469.8 333.0 173.0 136.8 136.7 14.8 0.0 8.8 6.0 0.0 0.0 0.0

155.2 13.6

47.1 10.6

36.2 10.1

24.3 9.6

15.6 9.1

10.2 8.7

7.4 8.2

5.0 7.7

27.2 27.2 24.4 15.5 5.8 8.9 2.7 2.8 0.0 0.0 2.8 0.0 0.0 0.0

27.0 27.0 27.0 20.5 11.4 6.5 3.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

21.2 21.2 21.2 19.5 11.5 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

22.5 22.5 22.5 17.2 6.7 5.3 5.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

21.9 21.9 11.2 5.5 2.8 5.7 5.7 10.7 0.0 10.7 0.0 0.0 0.0 0.0

28.0 28.0 24.3 7.9 6.5 16.4 16.4 3.8 0.0 3.8 0.0 0.0 0.0 0.0

7.4 7.4 7.4 4.1 3.5 3.2 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 0.2 0.2 1.6 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.5 13.5 13.5 5.8 0.1 7.6 7.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 1.6

9.7 0.0

7.0 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 Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.2 0.2 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.0 6.0 6.0 5.7 0.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

66.5 66.5 48.0 36.6 2.7 11.4 3.4 18.5 0.0 0.2 18.3 0.0 0.0 0.0

74.1 74.1 69.1 46.6 11.2 22.5 18.8 5.0 0.0 4.5 0.5 0.0 0.0 0.0

53.0 53.0 48.6 40.7 10.1 7.9 4.4 4.5 0.0 4.4 0.0 0.0 0.0 0.0

52.3 52.3 51.5 41.3 11.0 10.1 7.3 0.8 0.0 0.1 0.7 0.0 0.0 0.0

52.1 52.1 45.3 33.2 8.7 12.1 10.2 6.9 0.0 6.2 0.6 0.0 0.0 0.0

39.3 39.3 37.0 27.5 8.0 9.5 7.7 2.2 0.0 1.6 0.6 0.0 0.0 0.0

44.6 44.6 42.4 30.3 8.5 12.1 11.7 2.2 0.0 1.6 0.6 0.0 0.0 0.0

38.0 38.0 35.8 25.4 6.9 10.3 10.3 2.3 0.0 1.6 0.7 0.0 0.0 0.0

0.0 0.0

5.4 0.1

19.0 0.3

16.5 0.5

12.9 0.5

11.2 0.5

7.4 0.5

4.5 0.5

3.5 0.5

3.0 0.5

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.6 5.6 2.7 1.6 1.6 1.1 1.2 2.9 2.6 0.0 0.3 0.0 0.0 0.0

21.3 21.3 18.5 9.8 5.7 8.6 2.7 2.8 0.0 0.0 2.8 0.0 0.0 0.0

-39.5 -39.5 -21.0 -16.1 8.7 -4.9 0.5 -18.5 0.0 -0.2 -18.3 0.0 0.0 0.0

-52.9 -52.9 -47.9 -27.1 0.3 -20.8 -17.1 -5.0 0.0 -4.5 -0.5 0.0 0.0 0.0

-30.5 -30.5 -26.1 -23.5 -3.5 -2.5 1.0 -4.5 0.0 -4.4 0.0 0.0 0.0 0.0

-30.4 -30.4 -40.3 -35.9 -8.2 -4.4 -1.6 9.8 0.0 10.5 -0.7 0.0 0.0 0.0

-24.1 -24.1 -21.0 -25.3 -2.1 4.3 6.2 -3.1 0.0 -2.5 -0.6 0.0 0.0 0.0

-31.9 -31.9 -29.6 -23.4 -4.5 -6.3 -4.5 -2.2 0.0 -1.6 -0.6 0.0 0.0 0.0

-42.8 -42.8 -40.5 -30.0 -8.3 -10.5 -10.1 -2.2 0.0 -1.6 -0.6 0.0 0.0 0.0

-24.6 -24.6 -22.3 -19.6 -6.8 -2.7 -2.7 -2.3 0.0 -1.6 -0.7 0.0 0.0 0.0

0.0 1.6

4.3 0.0

-11.9 -0.3

-16.5 -0.5

-12.9 -0.5

-11.2 -0.5

-7.4 -0.5

-4.5 -0.5

-3.5 -0.5

-3.0 -0.5

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

98 BOTSWANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.4 0.4 0.4 0.0 0.0 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.7 6.7 5.7 4.7 0.2 1.0 0.5 1.0 0.2 0.5 0.3 0.0 0.0 0.0

38.6 38.6 35.6 27.8 2.5 7.8 1.8 3.0 0.0 0.1 3.0 0.0 0.0 0.0

27.7 27.7 25.3 20.9 4.2 4.5 3.0 2.4 0.0 1.5 0.9 0.0 0.0 0.0

22.8 22.8 21.3 17.7 3.7 3.6 2.5 1.5 0.0 1.1 0.4 0.0 0.0 0.0

20.7 20.7 18.9 15.8 3.0 3.2 2.4 1.8 0.0 0.9 0.9 0.0 0.0 0.0

15.2 15.2 13.9 11.1 2.6 2.9 2.4 1.3 0.0 0.7 0.6 0.0 0.0 0.0

11.9 11.9 11.4 8.4 2.2 3.0 2.7 0.5 0.0 0.0 0.5 0.0 0.0 0.0

15.2 15.2 14.9 11.3 2.7 3.6 3.6 0.3 0.0 0.0 0.3 0.0 0.0 0.0

11.4 11.4 11.2 8.4 2.0 2.8 2.8 0.2 0.0 0.0 0.2 0.0 0.0 0.0

0.0 0.0

4.4 0.1

14.2 0.1

4.3 0.1

2.9 0.1

2.0 0.1

1.2 0.1

0.7 0.1

0.5 0.1

0.3 0.1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.1 5.1 2.2 1.6 1.6 0.7 1.0 2.9 2.6 0.0 0.2 0.0 0.0 0.0

14.6 14.6 12.8 5.1 5.5 7.7 2.1 1.9 -0.2 -0.5 2.5 0.0 0.0 0.0

-78.1 -78.1 -56.6 -43.9 6.3 -12.7 -1.4 -21.5 0.0 -0.2 -21.3 0.0 0.0 0.0

-80.6 -80.6 -73.2 -48.0 -3.9 -25.2 -20.1 -7.4 0.0 -5.9 -1.4 0.0 0.0 0.0

-53.3 -53.3 -47.3 -41.2 -7.1 -6.1 -1.5 -6.0 0.0 -5.5 -0.5 0.0 0.0 0.0

-51.2 -51.2 -59.2 -51.6 -11.2 -7.6 -4.0 8.0 0.0 9.6 -1.6 0.0 0.0 0.0

-39.3 -39.3 -34.9 -36.4 -4.8 1.5 3.8 -4.4 0.0 -3.2 -1.2 0.0 0.0 0.0

-43.7 -43.7 -41.0 -31.8 -6.8 -9.2 -7.2 -2.7 0.0 -1.6 -1.1 0.0 0.0 0.0

-57.9 -57.9 -55.4 -41.3 -11.0 -14.1 -13.6 -2.6 0.0 -1.6 -0.9 0.0 0.0 0.0

-36.0 -36.0 -33.5 -28.1 -8.8 -5.5 -5.5 -2.5 0.0 -1.6 -0.9 0.0 0.0 0.0

0.0 1.6

-0.1 -0.2

-26.1 -0.4

-20.8 -0.6

-15.8 -0.6

-13.2 -0.6

-8.6 -0.5

-5.2 -0.5

-4.0 -0.5

-3.4 -0.5

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.6 0.6 0.6 0.0 0.0 0.5 0.2 0.1 0.0 0.0 0.1 0.0 0.0 0.0

12.6 12.6 11.7 10.4 0.3 1.3 0.5 1.0 0.2 0.5 0.3 0.0 0.0 0.0

105.1 105.1 83.6 64.4 5.1 19.2 5.2 21.5 0.0 0.2 21.3 0.0 0.0 0.0

101.8 101.8 94.4 67.5 15.4 27.0 21.8 7.4 0.0 5.9 1.4 0.0 0.0 0.0

75.8 75.8 69.8 58.4 13.8 11.4 6.8 6.0 0.0 5.5 0.5 0.0 0.0 0.0

73.0 73.0 70.4 57.1 13.9 13.3 9.8 2.6 0.0 1.0 1.6 0.0 0.0 0.0

67.4 67.4 59.2 44.3 11.3 14.9 12.6 8.2 0.0 7.0 1.2 0.0 0.0 0.0

51.1 51.1 48.4 35.9 10.3 12.4 10.5 2.7 0.0 1.6 1.1 0.0 0.0 0.0

59.8 59.8 57.2 41.5 11.2 15.7 15.3 2.6 0.0 1.6 0.9 0.0 0.0 0.0

49.5 49.5 47.0 33.9 8.9 13.1 13.1 2.5 0.0 1.6 0.9 0.0 0.0 0.0

0.0 0.0

9.7 0.2

33.1 0.4

20.8 0.6

15.8 0.6

13.2 0.6

8.6 0.5

5.2 0.5

4.0 0.5

3.4 0.5

31.1 31.1 0.0

159.6 118.0 41.6

410.4 373.2 37.2

103.5 89.0 14.4

86.4 71.9 14.4

65.8 62.0 3.8

34.0 34.0 0.0

29.7 29.7 0.0

31.9 31.9 0.0

48.9 48.9 0.0

11.2 0.0 17.4 0.0

59.4 0.0 131.6 0.0

181.7 73.1 547.1 0.0

302.2 76.2 518.0 16.7

311.0 66.4 511.3 13.4

297.9 62.6 473.0 11.6

289.6 49.1 432.4 5.4

267.4 30.5 378.9 0.0

295.8 39.0 472.4 0.0

309.7 33.8 484.6 0.0

.. 1.2 0.5 11.4 2.3 0.1 18.0 34.4 1.5 30.6

8.6 .. .. 10.7 2.0 0.1 19.8 32.7 1.2 24.9

6.1 .. .. 17.4 5.5 0.2 23.8 25.8 1.1 20.1

6.9 .. .. 17.9 5.5 0.2 21.7 26.0 1.2 20.6

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 81.6 0.0 0.0 0.0 0.0 18.4

.. 0.0 0.0 0.0 21.2 0.0 25.7 47.9 0.0 5.2

.. 0.3 1.7 4.4 10.1 0.0 11.9 54.6 0.0 17.0

.. 3.2 0.6 9.4 3.6 0.1 15.2 42.9 1.9 23.1

.. 2.6 0.6 10.7 3.0 0.1 14.5 40.9 1.9 25.7

.. 2.4 0.5 12.4 2.5 0.1 16.3 37.4 1.8 26.5

99 BOTSWANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION -42.6 -27.9 .. 3.1 -51.8 8.3 -39.4 -18.9 -63.1 -18.2 .. 2.1 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 5.9 -1.8 .. 21.2 -24.4 .. 19.2 -8.6 14.6 -8.0 9. AVERAGE TERMS OF NEW COMMITMENTS

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 1.1 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

-51.5 -28.8 0.0 0.0 0.0 -10.5 -12.2

-52.9 -25.9 0.0 0.0 -1.1 0.1 -26.0

88.6 -47.8 0.0 0.0 0.0 11.8 124.6

25.2 -11.6 0.0 0.0 0.0 0.3 36.5

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 5.6 .. .. .. .. ..

0.6 38.9 10.0 79.7

6.0 19.9 4.0 24.7

6.8 15.2 4.4 18.1

2.5 19.1 3.6 46.6

4.3 17.6 3.4 33.8

4.0 11.6 4.1 30.4

0.0 0.0 0.0 0.0

3.9 11.9 3.9 30.9

0.0 19.3 10.3 74.6

3.2 14.9 5.1 40.8

0.1 40.7 9.4 84.9

6.0 19.9 4.0 24.7

5.6 17.5 4.5 26.5

2.5 19.1 3.6 46.6

4.3 17.6 3.4 33.8

4.0 11.6 4.1 30.4

0.0 0.0 0.0 0.0

3.9 11.9 3.9 30.9

0.0 19.3 10.3 74.6

3.2 14.9 5.1 40.8

7.3 16.9 16.3 19.6

0.0 0.0 0.0 0.0

8.9 11.6 4.1 4.6

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

38 69 81 10 11 3 0 35 69 50 10 11 3 0 3 0 31 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

4 4 0

4 4 0

30 30 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

16.6 52.1 14.6

11.4 45.7 12.7

7.2 44.7 11.0

4.7 43.0 9.3

3.2 40.9 7.7

2.5 36.4 6.2

1.8 33.2 5.1

1.2 30.6 4.1

0.3 27.1 3.2

0.1 21.5 2.5

16.6 49.7 13.5

11.4 43.2 11.8

7.2 42.2 10.3

4.7 40.5 8.8

3.2 38.4 7.3

2.5 35.7 6.0

1.8 32.6 4.9

1.2 30.0 4.0

0.3 26.5 3.1

0.1 21.5 2.5

9.6 11.6 3.5

7.8 12.0 3.4

5.4 11.5 3.2

3.9 11.7 3.0

2.7 14.0 2.8

2.2 13.7 2.5

1.8 13.8 2.2

1.2 13.4 1.8

0.3 11.9 1.5

0.1 10.1 1.2

6.9 38.0 10.1

3.6 31.2 8.4

1.8 30.7 7.1

0.8 28.8 5.7

0.5 24.4 4.5

0.4 21.9 3.5

0.0 18.9 2.7

0.0 16.6 2.1

0.0 14.7 1.6

0.0 11.4 1.3

0.0 2.5 1.1

0.0 2.5 0.9

0.0 2.5 0.7

0.0 2.5 0.5

0.0 2.5 0.4

0.0 0.7 0.2

0.0 0.6 0.2

0.0 0.6 0.1

0.0 0.5 0.0

0.0 0.0 0.0

0.0 1.8 0.5

0.0 1.8 0.4

0.0 1.8 0.3

0.0 1.8 0.2

0.0 1.8 0.1

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 0.7 0.6

0.0 0.7 0.5

0.0 0.7 0.4

0.0 0.7 0.4

0.0 0.7 0.3

0.0 0.7 0.2

0.0 0.6 0.2

0.0 0.6 0.1

0.0 0.5 0.0

0.0 0.0 0.0

100 BRAZIL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

5,734 5,020 3,314 1,706 0 714 0 0 0 3 0 3 0

71,527 57,987 41,382 16,605 0 13,540 14 0 13 446 3 443 0

119,965 94,429 87,758 6,671 1,821 23,716 8,791 332 8,459 3,694 789 2,905 23,906

198,043 163,158 87,325 75,833 31 34,854 1,354 813 541 2,959 813 2,146 20,873

241,032 206,313 98,197 108,116 4,825 29,894 1,674 246 1,428 1,937 384 1,552 10,365

243,972 205,914 92,378 113,536 8,827 29,231 265 148 117 2,099 259 1,841 9,852

239,187 206,446 93,765 112,682 1,768 30,973 177 107 70 1,840 599 1,240 9,085

226,790 190,180 93,899 96,280 8,337 28,273 0 0 0 0 0 0 8,137

228,638 184,416 97,008 87,408 20,827 23,395 0 0 0 0 0 0 8,444

235,431 187,514 94,985 92,529 28,317 19,600 0 0 0 0 0 0 8,112

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,783 1,783 0 531 456 75 1,252 0 221 221 0 0 1,031 752 677 75 0

11,418 11,418 0 6,848 6,848 0 9,463 4,892 7,909 6,384 0 1,525 1,553 14,757 13,232 0 1,525

4,087 4,087 0 5,913 5,148 765 -1,727 99 2,260 2,029 231 0 -3,987 8,173 7,176 996 0

43,826 43,826 0 29,104 29,071 33 -1,281 -16,000 12,157 10,771 2 1,384 -13,438 41,261 39,842 35 1,384

66,640 62,002 4,639 35,906 35,885 21 6,734 -24,000 15,454 13,953 1 1,500 -8,720 51,359 49,837 22 1,500

46,963 40,878 6,085 53,332 51,355 1,977 -5,623 746 17,737 15,969 463 1,305 -23,360 71,069 67,324 2,441 1,305

41,847 41,847 0 47,726 41,033 6,693 -4,048 1,831 17,069 15,239 336 1,494 -21,117 64,795 56,272 7,029 1,494

45,075 38,357 6,718 37,335 37,335 0 5,217 -2,524 16,992 15,502 133 1,357 -11,775 54,327 52,837 133 1,357

40,584 24,691 15,893 36,890 32,244 4,646 -1,184 -4,878 14,752 13,520 467 765 -15,937 51,642 45,764 5,114 765

45,100 27,426 17,674 41,829 29,382 12,447 -525 -3,795 14,889 13,616 757 516 -15,414 56,718 42,998 13,205 516

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

1,777 1,327 421 0 28 32 212 1,564

6,495 4,571 1,911 0 14 83 840 5,655

72 -1,060 989 103 41 145 -593 666

39,587 14,755 19,650 5,099 83 230 -1,103 40,690

56,364 26,117 31,913 -1,768 103 236 4,943 51,421

20,736 -10,477 28,576 2,572 65 272 445 20,291

36,724 814 32,779 3,076 54 277 -1,737 38,461

26,042 1,022 22,457 2,481 81 289 2,825 23,216

11,090 -7,553 16,590 1,981 72 304 886 10,204

11,241 -1,957 10,144 2,973 82 321 -2,191 13,432

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

1,555 221 0 161 1,395

-844 6,384 955 396 -1,240

-3,849 2,029 1,892 -1,867 -1,982

22,746 10,771 6,070 -2,342 25,088

35,956 13,953 6,456 3,451 32,505

-383 15,969 5,150 -1,714 1,331

17,247 15,239 4,238 -3,653 20,900

5,534 15,502 5,006 1,267 4,267

-8,380 13,520 5,950 -749 -7,630

-8,358 13,616 5,984 -3,691 -4,667

41,729 .. 0 .. 1,190 ..

227,300 23,331 111 36,250 6,875 -12,831

517,839 60,326 1,862 86,224 35,717 -25,400

583,804 69,317 1,649 93,950 33,008 -24,225

489,286 72,003 1,775 95,676 35,866 -23,215

443,005 74,919 2,449 83,235 37,835 -7,637

474,415 88,909 2,821 85,741 49,297 4,016

.. 13.7 .. .. 0.5 20.8 .. 12.5 22.9 6.5

306.6 31.5 63.3 33.9 3.5 9.6 2.3 18.9 2.5 4.3

404.4 47.1 117.8 29.4 3.4 14.6 5.0 12.0 1.8 7.6

345.1 41.0 93.5 24.6 2.9 13.8 4.2 12.9 0.9 7.6

315.0 46.4 75.5 23.6 3.5 15.8 4.5 12.5 1.2 8.5

305.2 51.6 68.9 19.7 3.3 16.5 5.5 10.2 1.4 9.2

264.8 49.6 63.8 16.7 3.1 20.9 6.9 8.3 1.4 8.8

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

449,672 36,854 573 40,949 9,200 -3,823

791,571 65,846 1,982 96,827 51,706 -30,491

769,439 64,644 1,642 98,946 43,902 -33,829

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

325.5 26.7 22.2 6.1 0.5 7.7 2.7 19.8 2.5 9.5

300.8 25.0 62.7 18.5 1.5 26.1 6.4 17.6 2.2 5.1

372.9 31.3 79.4 23.9 2.0 18.2 5.3 12.4 1.8 6.8

101 BRAZIL (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5,020 3,314 1,779 376 7 1,403 1,308 1,535 0 748 787 1,706 0 1,706

57,987 41,382 7,313 3,092 72 4,221 1,684 34,069 3,233 24,329 6,507 16,605 0 16,605

94,429 87,758 29,349 11,391 16 17,958 3,003 58,409 2,339 47,461 8,609 6,671 0 6,671

206 0

2,035 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,783 883 260 107 0 152 96 623 0 333 290 900 0 900

1997

1998

1999

2000

2001

2002

2003

163,158 87,325 22,198 10,065 0 12,132 4,446 65,127 51,736 11,181 2,210 75,833 14,820 61,013

206,313 98,197 27,836 16,320 0 11,516 4,289 70,361 51,512 17,271 1,578 108,116 16,779 91,338

205,914 92,378 28,873 18,557 0 10,316 4,510 63,505 52,357 9,863 1,285 113,536 16,823 96,713

206,446 93,765 29,363 18,240 3 11,123 2,117 64,401 51,558 11,875 968 112,682 16,846 95,836

190,180 93,899 28,832 19,373 3 9,460 2,652 65,067 46,246 17,144 1,676 96,280 17,637 78,643

184,416 97,008 31,270 21,109 3 10,161 3,212 65,738 50,068 14,609 1,061 87,408 16,476 70,932

187,514 94,985 29,910 20,798 3 9,112 3,320 65,074 54,121 10,501 453 92,529 20,018 72,511

8,427 0

5,743 0

6,298 0

6,822 0

7,377 0

7,963 0

8,585 0

8,588 0

11,418 8,227 1,344 535 3 810 47 6,883 378 4,873 1,631 3,192 0 3,192

4,087 3,212 1,322 1,001 0 321 86 1,890 200 864 826 875 0 875

43,826 10,486 3,012 2,718 0 293 4 7,475 4,262 3,054 158 33,340 5,750 27,590

62,002 19,623 9,512 6,978 0 2,533 353 10,111 2,934 7,160 17 42,379 3,489 38,890

40,878 14,969 5,706 4,542 0 1,164 568 9,263 8,520 723 19 25,909 1,345 24,564

41,847 17,432 5,257 4,468 3 790 526 12,175 8,450 3,713 12 24,415 2,886 21,529

38,357 15,898 4,344 2,651 0 1,693 458 11,554 7,870 3,598 86 22,459 2,930 19,529

24,691 14,390 5,393 3,217 0 2,176 814 8,997 4,772 4,172 53 10,301 2,055 8,246

27,426 12,255 3,325 2,475 0 850 573 8,930 8,000 909 22 15,170 5,160 10,011

61 0

343 0

782 0

1,416 0

1,240 0

1,533 0

1,692 0

1,639 0

1,400 0

1,291 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

456 256 76 31 1 44 40 180 0 137 43 200 0 200

6,848 3,878 518 164 2 354 96 3,360 32 2,430 898 2,970 0 2,970

5,148 4,140 1,956 1,518 6 439 29 2,183 71 1,616 496 1,008 0 1,008

29,071 10,763 4,197 1,335 0 2,862 302 6,566 3,824 2,127 614 18,308 4,967 13,341

35,885 12,177 4,671 1,265 0 3,406 442 7,506 3,475 3,278 752 23,708 1,591 22,117

51,355 18,282 5,327 2,596 0 2,731 422 12,956 5,859 6,812 284 33,072 1,141 31,931

41,033 17,226 7,048 4,308 0 2,740 224 10,178 8,397 1,547 234 23,806 2,775 21,031

37,335 13,230 1,600 1,114 0 486 122 11,630 6,979 4,379 271 24,105 2,117 21,988

32,244 14,880 4,578 2,153 0 2,425 507 10,301 2,028 7,444 829 17,364 3,280 14,084

29,382 13,821 5,598 3,593 0 2,005 398 8,224 3,260 4,462 502 15,561 1,561 14,000

14 0

98 0

1,251 0

1,049 0

994 0

952 0

887 0

828 0

1,063 0

1,633 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,327 627 184 76 0 108 57 443 0 196 247 700 0 700

4,571 4,349 826 371 2 455 -49 3,523 346 2,444 733 222 0 222

-1,060 -927 -634 -517 -6 -117 57 -293 129 -753 330 -133 0 -133

14,755 -277 -1,186 1,383 0 -2,569 -298 908 438 927 -456 15,032 783 14,249

26,117 7,446 4,841 5,714 0 -873 -90 2,606 -541 3,881 -735 18,670 1,898 16,773

-10,477 -3,314 380 1,946 0 -1,567 145 -3,693 2,661 -6,089 -265 -7,163 203 -7,367

814 206 -1,791 160 3 -1,951 302 1,997 53 2,166 -222 609 111 498

1,022 2,668 2,744 1,537 0 1,207 336 -76 891 -782 -185 -1,647 813 -2,459

-7,553 -489 814 1,063 0 -249 307 -1,304 2,745 -3,273 -776 -7,063 -1,225 -5,838

-1,957 -1,566 -2,273 -1,118 0 -1,155 175 706 4,740 -3,554 -480 -390 3,599 -3,989

47 0

245 0

-469 0

368 0

246 0

580 0

805 0

810 0

338 0

-342 0

5. LONG-TERM DEBT

102 BRAZIL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

221 132 51 21 0 30 28 81 0 45 36 89 0 89

6,384 4,253 444 255 3 189 47 3,809 234 3,128 446 2,132 0 2,132

2,029 1,569 1,273 966 1 307 13 296 14 46 236 460 0 460

10,771 5,211 1,240 689 0 551 42 3,971 3,168 687 116 5,560 1,323 4,237

13,953 5,135 1,492 738 0 755 186 3,642 2,467 977 198 8,818 1,399 7,419

15,969 6,634 2,159 1,550 0 609 189 4,475 3,395 1,015 65 9,335 1,503 7,832

15,239 6,887 1,916 1,400 0 516 81 4,971 4,173 759 39 8,352 1,562 6,790

15,502 6,931 1,558 1,385 0 173 61 5,373 4,170 1,187 15 8,571 1,632 6,939

13,520 6,674 1,636 1,179 0 456 92 5,038 3,689 1,316 34 6,846 1,707 5,139

13,616 6,516 1,500 1,100 0 400 96 5,016 3,913 1,093 10 7,099 1,921 5,179

11 0

177 0

725 0

380 0

378 0

428 0

464 0

533 0

459 0

377 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,106 495 132 55 -1 78 29 363 0 151 212 611 0 611

-1,814 96 382 116 -1 266 -96 -286 112 -684 287 -1,910 0 -1,910

-3,089 -2,497 -1,907 -1,483 -6 -425 44 -589 115 -799 94 -593 0 -593

3,984 -5,488 -2,425 694 0 -3,120 -340 -3,063 -2,730 240 -572 9,472 -540 10,012

12,164 2,312 3,349 4,976 0 -1,628 -276 -1,037 -3,008 2,904 -933 9,853 499 9,354

-26,446 -9,947 -1,779 397 0 -2,176 -44 -8,168 -734 -7,104 -330 -16,499 -1,300 -15,199

-14,424 -6,681 -3,707 -1,240 3 -2,467 221 -2,974 -4,120 1,407 -261 -7,743 -1,451 -6,292

-14,480 -4,263 1,186 153 0 1,034 275 -5,449 -3,279 -1,969 -201 -10,217 -819 -9,398

-21,073 -7,164 -821 -116 0 -705 215 -6,342 -944 -4,589 -809 -13,909 -2,932 -10,977

-15,572 -8,083 -3,773 -2,217 0 -1,555 79 -4,310 827 -4,646 -491 -7,489 1,678 -9,168

36 0

68 0

-1,193 0

-12 0

-133 0

152 0

341 0

277 0

-121 0

-719 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

677 388 127 53 1 75 68 261 0 182 79 289 0 289

13,232 8,131 962 419 4 544 143 7,169 266 5,558 1,345 5,102 0 5,102

7,176 5,709 3,230 2,484 6 746 42 2,479 85 1,663 732 1,468 0 1,468

39,842 15,974 5,437 2,024 0 3,413 344 10,537 6,993 2,814 730 23,868 6,290 17,578

49,837 17,311 6,163 2,002 0 4,161 629 11,148 5,943 4,255 950 32,526 2,990 29,536

67,324 24,916 7,485 4,145 0 3,340 611 17,431 9,255 7,827 349 42,408 2,645 39,763

56,272 24,114 8,964 5,708 0 3,257 305 15,149 12,570 2,306 273 32,158 4,337 27,821

52,837 20,161 3,158 2,499 0 659 183 17,003 11,149 5,567 287 32,676 3,749 28,927

45,764 21,554 6,214 3,333 0 2,882 599 15,340 5,717 8,760 863 24,210 4,987 19,223

42,998 20,338 7,098 4,692 0 2,405 494 13,240 7,173 5,555 512 22,660 3,481 19,179

25 0

275 0

1,975 0

1,428 0

1,373 0

1,380 0

1,351 0

1,362 0

1,522 0

2,010 0

1,661 821 841

14,892 6,581 8,311

15,292 7,468 7,823

29,457 14,973 14,484

45,448 29,134 16,315

46,477 30,929 15,547

38,631 20,867 17,765

22,644 14,446 8,198

17,463 13,322 4,141

23,339 12,714 10,625

1,315 2,111 3,206 1,814

1,755 41,557 39,303 18,685

3,019 66,630 87,187 7,241

4,446 132,997 86,694 76,464

4,289 166,688 96,085 110,228

4,510 166,653 90,369 115,545

2,120 157,193 93,317 113,129

2,655 138,134 93,573 96,607

3,215 129,444 96,075 88,341

3,323 130,759 93,514 94,000

13.8 .. .. 8.8 0.9 0.3 70.6 5.5 0.0 0.1

12.1 .. .. 8.7 0.6 0.2 73.2 5.0 0.0 0.1

9.9 .. .. 7.0 0.5 0.2 77.4 4.8 0.0 0.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 7.3 0.2 0.0 7.6 2.2 72.1 9.6 0.0 1.1

.. 8.1 2.5 8.5 2.5 1.3 67.8 7.2 0.0 2.1

.. 8.9 6.6 7.4 1.8 1.0 60.3 12.7 0.0 1.3

.. 5.1 4.2 7.3 2.3 0.3 68.8 9.7 0.0 2.3

.. 3.3 3.1 5.9 1.7 0.2 74.6 7.7 0.0 3.4

.. 2.6 2.3 7.3 1.2 0.2 73.0 7.6 0.0 5.8

.. 3.8 2.0 7.6 1.1 0.3 71.2 6.5 0.0 7.4

103 BRAZIL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 1,316 288 148 0 .. 0 0 0 0 .. 1,064 0 0 0 .. 212 0 0 0 .. 852 0 0 0 .. 274 288 148 0 .. 69 0 0 0 .. 205 288 148 0 .. 0 0 0 0 .. 0 0 0 0 .. 1,259 3,294 0 4,151 .. 776 2,694 0 2,971 8. DEBT STOCK-FLOW RECONCILIATION 5,328 16,702 42,989 2,940 .. 9,463 -1,727 -1,281 6,734 -5,623 .. 5,603 -573 320 -1,409 .. 274 288 148 0 .. -483 -600 0 -1,181 .. 3,031 -3,392 1,868 -824 15,199 11,976 .. -1,371 6,756 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 6,479 6,342

0 16 1,047 40 1,007 63 1 61 0 0 4,531 4,531

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

-4,784 -4,048 -88 0 -137 -2,442 1,930

-12,397 5,217 -177 63 0 -1,945 -15,555

1,848 -1,184 0 0 0 4,738 -1,705

6,793 -525 0 0 0 6,196 1,121

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 1,252 .. .. .. .. ..

7.0 14.0 3.4 17.2

11.9 11.6 3.9 -8.4

8.2 11.8 3.7 8.9

7.5 14.6 8.0 12.2

7.2 4.9 2.4 6.5

8.8 7.8 4.7 3.4

8.3 13.1 9.5 3.3

6.6 10.0 5.2 14.4

7.7 12.6 6.4 14.6

7.4 10.5 8.7 12.1

5.7 24.8 5.9 29.3

9.2 14.3 3.9 6.0

7.4 15.2 4.1 14.9

5.4 17.2 3.9 25.3

6.0 4.7 1.2 8.1

6.2 10.1 3.6 16.4

5.7 8.6 1.2 13.8

4.8 11.2 2.2 23.1

3.9 18.3 5.0 37.7

2.2 11.5 4.7 39.4

7.5 9.4 2.2 12.0

12.7 10.8 3.9 -12.6

9.0 8.0 3.2 2.5

8.8 12.9 10.6 4.1

9.7 5.4 4.9 3.4

10.8 6.0 5.6 -7.2

9.8 15.8 14.4 -3.0

7.8 9.2 7.2 8.5

10.7 7.9 7.6 -4.2

8.2 10.4 9.3 8.0

1,441 10,657 3,012 20,439 35,042 16,678 28,217 433 2,396 1,562 7,805 23,205 7,454 10,601 1,008 8,261 1,450 12,633 11,837 9,224 17,616 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

24,358 9,940 14,418

8,708 3,918 4,790

16,207 2,098 14,109

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

7,206 34,384 11,486

4,408 25,751 9,909

2,158 19,031 8,601

1,250 19,142 7,642

551 18,208 6,362

301 12,493 5,395

206 10,417 4,587

107 13,196 4,147

76 10,410 3,229

44 14,490 2,532

3,162 6,450 1,259

2,198 4,720 1,103

1,320 4,409 946

883 2,533 796

551 2,463 713

301 2,497 630

206 2,373 542

107 2,122 462

76 1,981 389

44 1,751 320

1,571 2,734 385

835 2,658 302

380 2,623 198

196 544 112

87 469 99

45 590 88

15 537 69

0 369 56

0 364 46

0 356 36

1,591 3,717 874

1,363 2,061 802

940 1,786 748

686 1,988 684

464 1,994 614

256 1,907 542

191 1,836 473

107 1,752 406

76 1,617 343

44 1,395 284

4,044 27,934 10,228

2,209 21,032 8,806

837 14,623 7,654

367 16,609 6,846

0 15,745 5,648

0 9,996 4,765

0 8,044 4,045

0 11,075 3,685

0 8,429 2,840

0 12,739 2,212

4,017 2,421 915

2,204 1,598 1,013

837 1,038 993

367 966 964

0 3,771 878

0 470 648

0 309 627

0 253 625

0 304 617

0 2,846 462

14 25,513 9,312

5 19,434 7,793

0 13,584 6,661

0 15,643 5,882

0 11,973 4,770

0 9,526 4,116

0 7,734 3,418

0 10,822 3,060

0 8,126 2,223

0 9,893 1,751

104 BULGARIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

10,890 9,834 9,834 0 0 1,056 226 5 221 356 1 354 4,798

11,100 8,161 7,737 424 942 1,997 179 10 169 329 24 305 1,207

11,405 8,526 7,973 554 1,116 1,763 179 8 170 89 23 66 957

11,020 8,468 7,778 691 1,250 1,301 34 0 34 164 0 164 790

11,212 8,440 7,671 769 1,322 1,450 0 0 0 1 0 1 652

10,497 8,168 7,387 782 1,110 1,219 0 0 0 0 0 0 379

11,479 8,591 7,480 1,111 1,049 1,839 0 0 0 0 0 0 220

13,289 9,439 7,749 1,690 1,188 2,663 0 0 0 0 0 0 216

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

875 875 0 865 865 0 -14 -24 510 452 0 58 -523 1,374 1,316 0 58

709 220 489 469 381 89 1,026 787 544 456 31 57 482 1,014 837 120 57

1,154 843 311 769 586 183 151 -234 610 471 45 94 -459 1,379 1,057 228 94

1,324 1,038 286 751 627 124 257 -317 472 355 44 73 -215 1,222 981 168 73

995 719 276 712 573 139 465 183 584 456 63 65 -119 1,296 1,029 202 65

839 706 133 803 502 301 -195 -232 572 457 58 57 -767 1,375 959 359 57

983 874 109 1,006 753 253 598 620 391 306 31 53 207 1,396 1,059 284 53

1,042 896 145 669 562 107 1,008 636 484 395 20 69 524 1,153 957 127 69

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

15 11 0 0 0 0 57 -42

537 -161 505 52 141 44 65 472

921 257 537 19 108 114 333 588

1,385 411 819 2 153 93 311 1,074

1,282 145 1,002 5 130 150 214 1,067

1,182 204 813 -9 174 104 22 1,160

1,164 121 905 -23 161 138 52 1,112

1,939 334 1,419 -26 211 182 284 1,655

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

-437 452 0 43 -480

81 456 0 -88 169

394 471 56 180 214

1,052 355 -22 167 885

719 456 107 76 643

577 457 149 -113 689

630 306 228 -50 680

1,156 395 388 185 971

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

12,770 6,060 43 7,012 3,265 -652

12,284 7,321 58 8,314 3,507 -704

13,291 7,588 71 9,071 3,646 -984

15,300 8,377 72 9,751 4,846 -827

19,362 10,937 67 13,304 6,826 -1,676

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

181.8 86.3 20.2 7.8 3.7 29.6 5.6 11.8 2.0 13.5

153.2 91.3 17.7 8.0 4.8 31.3 5.1 12.9 3.4 13.7

138.3 79.0 18.1 7.5 4.3 34.7 4.8 11.6 3.5 14.5

137.0 75.0 16.7 4.7 2.6 42.2 6.0 16.0 2.9 15.7

121.5 68.6 10.5 4.4 2.5 51.4 6.2 20.0 3.3 17.0

3. MAJOR ECONOMIC AGGREGATES 19,083 7,070 0 8,905 .. -1,710

10,021 6,488 51 6,298 2,485 427

12,447 6,288 51 6,579 3,057 -62

4. DEBT INDICATORS 154.0 57.1 19.4 7.2 2.7 .. .. 9.7 0.7 2.0

171.1 110.8 15.6 8.4 5.4 22.4 4.7 18.0 1.5 9.6

181.4 91.6 21.9 9.7 4.9 26.8 5.6 15.5 1.5 12.6

105 BULGARIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

9,834 9,834 1,669 222 0 1,447 77 8,165 327 7,084 753 0 0 0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

8,161 7,737 2,414 1,068 4 1,347 159 5,322 5,072 212 39 424 0 424

8,526 7,973 2,743 1,437 5 1,306 165 5,230 5,020 205 5 554 0 554

8,468 7,778 2,672 1,490 5 1,182 215 5,106 5,034 3 68 691 0 691

8,440 7,671 2,603 1,535 6 1,068 370 5,068 4,982 26 59 769 0 769

8,168 7,387 2,324 1,525 8 799 361 5,063 4,979 29 55 782 0 782

8,591 7,480 2,467 1,802 32 666 305 5,012 4,898 49 65 1,111 0 1,111

9,439 7,749 2,937 2,254 83 683 352 4,812 4,659 78 76 1,690 58 1,632

0 0

501 0

697 0

829 0

824 0

844 0

958 0

1,266 0

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

875 875 80 44 0 36 0 795 65 652 78 0 0 0

220 195 189 186 4 2 2 6 0 0 6 25 0 25

843 537 537 535 1 3 3 0 0 0 0 306 0 306

1,038 525 400 309 0 91 61 125 53 4 68 513 0 513

719 405 381 156 1 225 225 24 0 24 0 313 0 313

706 454 226 163 2 63 43 229 224 5 0 252 0 252

874 145 127 99 22 28 28 19 0 19 0 729 0 729

896 342 317 291 43 26 26 25 0 25 1 554 52 502

.. ..

.. ..

0 0

101 0

197 0

221 0

71 0

88 0

39 0

185 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

865 865 23 22 0 1 0 842 0 241 601 0 0 0

381 360 265 200 0 64 8 95 61 28 5 21 0 21

586 377 312 205 0 107 7 65 56 7 2 209 0 209

627 311 242 53 0 189 20 69 35 33 1 316 0 316

573 345 297 58 0 239 50 48 46 1 1 229 0 229

502 402 377 125 0 253 49 25 22 1 1 100 0 100

753 320 236 79 0 157 17 84 79 1 4 433 0 433

562 350 243 144 0 100 20 106 102 1 4 212 0 212

.. ..

.. ..

0 0

16 0

20 0

22 0

27 0

32 0

37 0

50 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

11 11 57 21 0 36 0 -46 65 411 -522 0 0 0

-161 -164 -76 -14 4 -62 -5 -88 -61 -28 1 4 0 4

257 161 226 330 1 -104 -5 -65 -56 -7 -2 96 0 96

411 213 158 255 0 -97 41 55 18 -29 66 198 0 198

145 61 84 99 1 -14 175 -24 -46 24 -1 85 0 85

204 52 -152 38 2 -189 -6 204 201 4 -1 151 0 151

121 -174 -109 20 22 -129 11 -65 -79 18 -4 296 0 296

334 -8 73 147 43 -74 6 -81 -102 23 -3 342 52 290

.. ..

.. ..

0 0

85 0

176 0

199 0

44 0

56 0

2 0

135 0

5. LONG-TERM DEBT

106 BULGARIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

452 452 14 13 0 0 0 438 15 337 85 0 0 0

456 443 153 65 0 88 8 290 275 14 0 13 0 13

471 459 154 64 0 89 7 305 304 1 0 13 0 13

355 333 144 70 0 75 6 189 188 0 0 21 0 21

456 424 139 80 0 59 10 285 284 0 0 32 0 32

457 425 135 83 0 52 9 290 289 1 0 32 0 32

306 263 102 75 1 27 7 161 159 2 0 43 0 43

395 349 100 78 2 21 8 249 246 2 0 46 4 42

.. ..

.. ..

0 0

31 0

37 0

42 0

49 0

48 0

41 0

42 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

-441 -441 43 8 0 35 0 -484 49 74 -608 0 0 0

-617 -607 -229 -79 4 -150 -13 -378 -337 -42 1 -9 0 -9

-214 -298 72 266 1 -194 -12 -370 -360 -8 -2 84 0 84

57 -120 14 186 0 -172 36 -134 -170 -30 66 176 0 176

-310 -363 -54 18 1 -73 165 -309 -331 23 -1 53 0 53

-253 -373 -287 -45 2 -241 -15 -86 -87 2 -1 119 0 119

-185 -437 -212 -56 21 -156 4 -226 -238 16 -4 253 0 253

-61 -357 -26 69 41 -95 -2 -330 -348 21 -3 296 48 248

.. ..

.. ..

0 0

54 0

140 0

157 0

-4 0

8 0

-39 0

92 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

1,316 1,316 37 36 0 1 0 1,280 15 578 686 0 0 0

837 803 418 266 0 153 16 385 337 42 5 34 0 34

1,057 835 465 269 0 196 14 370 360 8 2 222 0 222

981 644 386 123 0 263 26 258 223 33 1 337 0 337

1,029 768 435 138 0 298 60 333 331 1 1 261 0 261

959 827 512 208 0 305 58 315 311 2 1 132 0 132

1,059 582 338 154 1 184 24 244 238 3 4 477 0 477

957 698 343 222 2 121 28 355 348 4 4 259 4 255

.. ..

.. ..

0 0

47 0

57 0

64 0

75 0

80 0

78 0

93 0

.. .. ..

.. .. ..

271 25 246

880 880 0

827 817 10

800 788 12

893 780 112

737 629 108

614 516 99

660 587 73

.. .. .. ..

.. .. .. ..

77 7,714 9,834 0

163 6,790 7,737 424

169 7,237 7,973 554

220 7,341 7,778 691

376 7,289 7,671 769

369 6,983 7,387 782

336 5,316 7,480 1,111

434 6,209 7,749 1,690

.. 3.7 0.2 5.5 0.1 0.3 80.1 1.3 0.0 8.8

14.9 .. .. 4.6 0.0 0.1 79.0 1.2 0.0 0.1

30.4 .. .. 3.9 0.0 0.1 64.3 1.2 0.0 0.1

35.0 .. .. 3.7 0.0 0.0 60.0 1.1 0.0 0.2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 33.9 0.5 6.6 0.3 7.7 42.1 2.5 0.0 6.3

.. 4.3 0.4 6.3 0.3 1.0 74.4 6.0 0.0 7.4

.. 4.5 0.4 5.6 0.2 0.8 78.1 1.0 0.0 9.4

.. 4.6 0.3 6.0 0.2 0.5 78.3 1.2 0.0 9.0

107 BULGARIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8 2 .. 0 0 0 0 .. 0 7 0 150 .. 0 0 0 30 8. DEBT STOCK-FLOW RECONCILIATION 731 305 -385 .. 753 257 .. -14 1,026 151 .. 226 64 0 -145 .. 0 0 0 0 .. 0 -7 -8 -122 .. 617 -316 188 -184 .. -77 -36 -26 -191 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 10 0 1 0

0 0 0 0 0 0 0 0 1 0 201 0

0 0 0 0 0 0 0 0 7 0 0 0

0 0 0 0 0 0 0 0 5 0 0 0

192 465 -34 0 -12 -215 -13

-716 -195 0 0 -202 -159 -159

982 598 0 0 -7 356 36

1,810 1,008 0 0 -5 635 -16

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

9.1 3.5 2.4 2.3

6.2 13.5 6.8 22.6

4.1 21.4 6.7 40.6

5.0 16.4 6.5 29.2

6.5 15.6 4.5 20.1

6.6 10.9 5.9 18.3

3.3 24.5 3.7 46.7

3.1 15.9 5.0 41.9

.. .. .. ..

.. .. .. ..

9.3 7.2 3.0 2.8

6.2 13.5 6.8 22.6

4.1 21.7 6.9 41.2

4.6 16.5 4.6 31.5

6.2 15.5 4.4 21.6

5.5 18.6 5.5 28.2

3.3 24.5 3.7 46.7

3.1 15.9 5.0 41.9

.. .. .. ..

.. .. .. ..

9.1 3.2 2.3 2.3

0.0 0.0 0.0 0.0

5.7 9.7 0.9 15.7

6.2 16.2 11.8 22.8

7.6 16.0 4.9 13.2

7.3 6.2 6.2 12.2

3.2 10.3 10.3 42.6

0.0 0.0 0.0 0.0

.. .. 563 447 432 483 700 .. .. 52 447 423 355 575 .. .. 511 0 9 128 125 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

362 138 224

146 145 0

385 385 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

187 1,106 524

136 794 483

98 808 445

70 1,109 403

57 758 341

40 620 301

27 476 260

18 452 233

13 257 207

7 1,225 202

139 472 112

117 299 92

92 342 84

70 326 73

57 321 64

40 221 54

27 182 47

18 161 42

13 157 37

7 163 31

69 314 25

65 35 13

43 67 13

25 35 12

14 35 11

7 35 10

3 33 10

0 25 9

0 25 8

0 25 7

70 157 86

51 264 80

49 276 71

45 290 62

43 285 53

33 186 44

24 149 38

18 136 33

13 132 29

7 138 24

48 635 412

19 494 390

6 466 361

0 783 329

0 437 277

0 399 246

0 293 212

0 291 191

0 100 171

0 1,062 170

48 3 6

19 15 7

6 15 7

0 33 6

0 13 5

0 13 5

0 6 4

0 6 4

0 6 3

0 6 3

0 632 406

0 479 383

0 450 354

0 750 323

0 425 272

0 386 242

0 287 208

0 285 187

0 94 167

0 1,056 167

108 BURKINA FASO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

21 21 21 0 0 0 0 0 0 0 0 0 0

330 281 281 0 15 35 0 0 0 0 0 0 0

834 749 749 0 0 84 21 14 7 64 34 30 200

1,332 1,173 1,173 0 92 66 7 5 2 33 30 3 86

1,495 1,323 1,323 0 112 59 7 5 2 39 35 4 64

1,622 1,397 1,397 0 121 103 6 4 2 39 35 3 61

1,457 1,260 1,260 0 112 84 5 4 1 42 38 3 40

1,540 1,360 1,360 0 117 63 5 4 1 42 39 3 35

1,630 1,449 1,449 0 126 54 2 2 0 39 38 0 45

1,845 1,651 1,651 0 125 68 0 0 0 42 41 0 26

2 2 1 2 2 0 1 0 0 0 0 0 0 2 2 0 0

70 65 4 11 11 0 56 -3 12 6 0 5 45 22 17 0 5

79 79 0 19 18 1 70 10 16 10 0 6 54 34 28 1 6

95 77 18 33 31 2 78 15 20 17 0 3 57 53 48 2 3

115 97 18 35 32 3 73 -7 21 17 0 3 53 56 50 3 3

133 116 17 45 40 5 133 46 22 18 1 3 112 67 58 6 3

102 95 7 36 29 7 48 -19 15 14 1 1 32 51 43 7 1

164 143 21 28 21 7 116 -20 14 11 1 2 102 42 32 7 2

151 136 14 31 23 8 113 -7 18 16 1 2 95 49 39 9 2

131 127 5 33 30 3 114 16 19 16 1 2 95 52 46 4 2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

13 0 0 0 13 8 13 0

142 55 0 0 88 73 138 4

219 60 0 0 158 112 219 0

265 46 10 0 210 95 256 10

283 65 4 0 214 91 279 4

310 76 8 0 226 80 302 8

298 66 23 -3 212 77 278 20

331 122 8 1 200 84 322 9

357 113 9 0 235 81 348 9

375 97 11 0 268 105 364 11

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

13 0 0 13 0

127 6 9 135 -7

203 10 6 209 -6

248 17 0 238 10

266 17 0 262 4

292 18 0 284 8

282 14 3 264 17

315 11 5 311 4

340 16 1 333 8

358 16 1 348 10

456 .. 0 .. 36 ..

1,924 376 150 596 75 -49

2,792 .. 80 .. 373 ..

2,806 .. 80 .. 295 ..

2,596 313 67 691 244 -319

2,808 319 50 690 261 -291

3,196 330 50 726 313 -324

4,178 464 50 990 435 -449

.. 4.6 .. .. 0.1 174.9 .. 0.0 84.3 0.1

88.0 17.2 5.9 3.1 0.6 22.6 1.5 10.6 67.0 42.9

.. 53.5 .. .. 0.7 25.0 .. 4.0 83.9 76.7

.. 57.8 .. .. 0.8 18.2 .. 6.4 82.8 73.7

465.3 56.1 16.4 4.9 0.6 16.7 4.2 5.8 83.0 70.7

483.1 54.9 13.3 4.5 0.5 16.9 4.5 4.1 84.3 70.5

493.4 51.0 14.9 5.5 0.6 19.2 5.2 3.3 85.5 77.5

397.3 44.1 11.3 4.1 0.5 23.6 5.3 3.7 86.9 79.2

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

3,113 506 140 776 305 -77

2,600 .. 80 .. 345 ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

164.6 26.8 6.8 3.1 0.5 36.6 4.7 10.1 71.6 67.7

.. 51.2 .. .. 0.8 25.9 .. 4.9 83.4 75.4

109 BURKINA FASO (US$ million, unless otherwise indicated) 1970

1980

1990

21 21 20 0 0 20 18 0 0 0 0 0 0 0

281 281 261 142 133 119 89 20 0 1 19 0 0 0

749 749 711 565 460 147 138 38 0 1 37 0 0 0

0 0

0 77

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 1 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,173 1,173 1,170 1,004 954 166 157 4 0 0 4 0 0 0

1,323 1,323 1,319 1,146 1,091 173 163 4 0 0 4 0 0 0

1,397 1,397 1,394 1,195 1,151 199 192 3 0 0 3 0 0 0

1,260 1,260 1,257 1,030 993 227 216 3 0 0 3 0 0 0

1,360 1,360 1,357 1,086 1,052 271 247 3 0 0 3 0 0 0

1,449 1,449 1,449 1,264 1,229 185 166 0 0 0 0 0 0 0

1,651 1,651 1,651 1,460 1,427 191 175 1 0 0 1 0 0 0

0 282

0 636

0 710

0 753

0 593

0 636

0 745

0 861

65 65 59 26 22 33 19 6 0 0 6 0 0 0

79 79 79 45 34 34 34 0 0 0 0 0 0 0

77 77 77 67 66 9 9 0 0 0 0 0 0 0

97 97 97 91 91 6 6 0 0 0 0 0 0 0

116 116 116 97 97 19 19 0 0 0 0 0 0 0

95 95 95 76 75 19 19 0 0 0 0 0 0 0

143 143 143 117 114 26 15 0 0 0 0 0 0 0

136 136 136 128 125 8 8 0 0 0 0 0 0 0

127 127 127 112 111 15 15 0 0 0 0 0 0 0

0 0

0 12

0 15

0 35

0 58

0 63

0 38

0 71

0 68

0 55

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 1 0 0 1 1 0 0 0 0 0 0 0

11 11 8 3 1 5 3 2 0 0 2 0 0 0

18 18 18 13 10 4 3 0 0 0 0 0 0 0

31 31 31 26 20 5 4 0 0 0 0 0 0 0

32 32 32 28 22 5 5 0 0 0 0 0 0 0

40 40 40 30 25 10 7 0 0 0 0 0 0 0

29 29 29 20 16 9 8 0 0 0 0 0 0 0

21 21 21 14 11 7 7 0 0 0 0 0 0 0

23 23 23 17 13 6 6 0 0 0 0 0 0 0

30 30 30 20 17 10 9 0 0 0 0 0 0 0

0 0

0 0

0 1

0 4

0 6

0 6

0 1

0 2

0 2

0 3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

55 55 51 23 21 28 16 4 0 0 4 0 0 0

60 60 61 32 24 29 31 0 0 0 0 0 0 0

46 46 46 41 46 5 5 0 0 0 0 0 0 0

65 65 65 64 69 1 1 0 0 0 0 0 0 0

76 76 76 67 72 9 13 0 0 0 0 0 0 0

66 66 66 56 59 10 11 0 0 0 0 0 0 0

122 122 122 103 103 18 9 0 0 0 0 0 0 0

113 113 113 111 112 2 2 0 0 0 0 0 0 0

97 97 97 92 94 5 6 0 0 0 0 0 0 0

0 0

0 12

0 14

0 30

0 52

0 57

0 36

0 69

0 65

0 52

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

110 BURKINA FASO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

6 6 4 2 1 2 1 3 0 0 2 0 0 0

10 10 10 7 4 3 3 0 0 0 0 0 0 0

17 17 17 12 9 6 5 0 0 0 0 0 0 0

17 17 17 12 9 5 5 0 0 0 0 0 0 0

18 18 18 13 11 5 5 0 0 0 0 0 0 0

14 14 14 10 8 4 4 0 0 0 0 0 0 0

11 11 11 7 6 5 4 0 0 0 0 0 0 0

16 16 16 12 11 4 3 0 0 0 0 0 0 0

16 16 16 12 11 5 5 0 0 0 0 0 0 0

0 0

0 0

0 2

0 5

0 5

0 5

0 4

0 2

0 4

0 5

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

48 48 47 21 20 26 16 1 0 0 2 0 0 0

51 51 51 24 20 27 28 0 0 0 0 0 0 0

29 29 29 29 36 -1 0 0 0 0 0 0 0 0

48 48 48 52 60 -4 -4 0 0 0 0 0 0 0

58 58 58 54 62 4 8 0 0 0 0 0 0 0

53 53 53 46 51 6 7 0 0 0 0 0 0 0

111 111 111 97 97 14 4 0 0 0 0 0 0 0

98 98 98 100 101 -2 -1 0 0 0 0 0 0 0

80 80 80 80 83 0 2 0 0 0 0 0 0 0

0 0

0 11

0 12

0 26

0 47

0 52

0 32

0 67

0 61

0 47

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 1 0 0 0 0 0 0 0

17 17 12 5 3 7 3 5 0 0 5 0 0 0

28 28 28 21 14 7 6 0 0 0 0 0 0 0

48 48 48 38 30 10 9 0 0 0 0 0 0 0

50 50 50 39 31 10 10 0 0 0 0 0 0 0

58 58 58 43 35 15 11 0 0 0 0 0 0 0

43 43 43 30 24 13 12 0 0 0 0 0 0 0

32 32 32 20 17 12 11 0 0 0 0 0 0 0

39 39 39 29 24 10 9 0 0 0 0 0 0 0

46 46 46 32 28 15 13 0 0 0 0 0 0 0

0 0

0 0

0 3

0 9

0 11

0 11

0 5

0 5

0 7

0 8

10 9 1

218 214 4

540 525 15

448 435 13

542 528 14

512 512 0

442 442 0

617 617 0

694 694 0

879 869 11

18 0 21 0

221 12 276 5

597 2 749 1

1,111 2 1,173 0

1,255 2 1,323 0

1,343 2 1,397 0

1,210 3 1,260 0

1,299 12 1,360 0

1,394 7 1,449 0

1,602 10 1,651 0

.. 0.0 2.7 0.0 0.1 0.0 60.6 18.3 2.2 16.0

5.1 .. .. 0.0 0.1 0.0 61.0 16.1 2.4 15.3

3.4 .. .. 0.0 0.0 0.0 60.5 16.4 2.6 17.2

3.5 .. .. 0.0 0.0 0.0 60.1 15.7 2.6 18.1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 10.0 32.6 0.0 20.2 0.0 0.0 0.0 0.0 37.3

.. 12.1 31.3 0.0 0.7 0.0 28.8 8.9 0.0 18.2

.. 0.0 16.6 0.0 0.5 0.0 39.2 15.3 2.1 26.1

.. 0.1 3.7 0.0 0.0 0.0 62.8 18.6 1.9 13.0

.. 0.1 3.2 0.0 0.0 0.0 62.9 18.0 2.2 13.5

.. 0.1 3.9 0.0 0.0 0.0 63.8 17.4 2.1 12.9

111 BURKINA FASO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 0 0 14 .. 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 .. 5 1 1 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 116 8 163 127 56 70 78 73 133 .. 6 -3 0 -2 .. 0 0 0 0 -1 -1 0 .. -5 -146 -62 -36 .. 25 31 .. 21 81 153 9. AVERAGE TERMS OF NEW COMMITMENTS

13 12 0 0 0 1 1 0 4 5 161 92

12 0 0 0 0 0 0 0 9 6 0 0

25 23 0 0 0 0 0 0 22 3 47 0

0 0 0 0 0 0 0 0 18 4 0 0

-165 48 0 1 -73 -229 89

84 116 0 0 -9 -56 33

90 113 -2 0 -69 86 -37

214 114 -2 0 -18 97 23

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 1 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

2.3 36.3 8.1 61.9

4.3 21.5 6.5 37.8

2.5 27.6 8.7 59.1

1.0 39.0 9.5 77.1

2.8 22.0 6.0 49.9

1.0 32.7 8.8 72.3

1.4 37.1 7.8 70.2

0.9 39.8 10.2 77.8

1.4 33.6 8.1 69.6

0.8 43.5 9.9 79.8

1.7 40.6 8.9 69.4

4.0 23.0 7.0 40.9

2.5 27.6 8.7 59.1

1.0 39.0 9.5 77.1

2.8 22.0 6.0 49.9

1.0 32.7 8.8 72.3

1.4 37.1 7.8 70.2

0.9 39.8 10.2 77.8

1.4 33.6 8.1 69.6

0.8 44.6 10.0 80.9

6.8 7.2 2.8 11.3

7.3 5.6 1.1 6.6

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

1.7 17.2 6.7 54.6

9 115 90 162 129 119 53 8 104 90 162 129 119 53 1 10 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

326 326 0

166 166 0

271 260 11

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

163 57 21

194 59 22

155 59 22

116 62 22

89 65 22

59 68 21

43 70 21

24 73 20

17 80 19

8 85 18

160 57 21

190 59 22

153 59 22

115 62 22

89 65 22

59 68 21

43 69 20

24 72 20

17 79 19

8 84 17

19 13 4

24 14 4

16 13 4

11 14 3

6 14 3

3 15 3

2 14 3

1 14 2

0 14 2

0 14 2

141 44 17

166 46 18

137 45 19

105 48 19

83 51 19

56 53 18

41 55 18

24 58 17

17 65 17

8 71 16

4 0 0

4 0 0

2 0 0

1 0 0

0 0 0

0 0 0

0 1 0

0 1 0

0 1 0

0 1 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

4 0 0

4 0 0

2 0 0

1 0 0

0 0 0

0 0 0

0 1 0

0 1 0

0 1 0

0 1 0

112 BURUNDI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

15 7 7 0 8 0 0 0 0 0 0 0 0

166 118 118 0 36 12 0 0 0 0 0 0 0

907 851 851 0 43 13 0 0 0 0 0 0 15

1,065 1,022 1,022 0 28 16 9 9 0 27 27 0 0

1,119 1,079 1,079 0 20 20 12 12 0 44 44 0 0

1,131 1,050 1,050 0 12 70 15 15 0 63 62 1 0

1,103 1,031 1,031 0 7 65 20 20 0 82 81 1 0

1,070 979 979 0 2 88 27 27 0 79 79 0 0

1,204 1,095 1,095 0 13 96 36 36 0 96 96 0 0

1,310 1,234 1,234 0 29 48 48 48 0 114 114 0 0

4 1 3 1 0 0 3 0 0 0 0 0 3 1 1 0 0

45 39 6 4 4 0 40 -1 4 2 1 2 36 9 6 1 2

96 96 0 28 28 1 65 -3 14 12 0 2 51 42 40 1 2

19 19 0 20 12 8 3 4 9 9 0 0 -6 29 21 8 0

31 31 0 21 13 9 10 1 9 8 0 1 1 30 21 9 1

20 20 0 21 14 7 46 47 8 6 0 2 38 29 20 7 2

39 39 0 14 9 5 17 -9 8 4 0 3 9 22 14 5 3

14 14 0 16 12 4 13 16 7 5 0 2 6 23 17 4 2

53 40 12 17 14 3 35 -1 7 5 0 2 29 23 19 3 2

65 52 13 21 21 0 -16 -60 8 7 0 1 -24 29 28 0 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

8 1 0 0 7 11 8 0

78 35 5 0 39 45 76 2

204 68 1 0 135 60 209 -5

53 7 0 0 46 19 53 0

69 18 0 0 51 13 68 0

66 6 0 0 60 21 66 0

101 30 12 0 59 15 86 15

136 2 0 0 134 11 134 2

154 26 0 0 128 25 156 -2

200 31 0 0 169 31 192 8

8 0 0 7 0

76 2 0 76 1

189 12 3 198 -9

29 9 15 44 -15

51 8 10 60 -9

51 6 9 60 -9

85 4 12 82 3

118 5 13 129 -12

140 5 10 152 -12

178 7 15 185 -8

235 .. 0 .. 15 ..

922 .. 0 .. 105 ..

870 72 0 177 70 -49

703 61 0 134 53 -22

663 55 0 165 38 -50

679 46 0 162 18 -36

614 38 0 161 59 -5

575 44 0 194 67 -25

.. 6.4 .. .. 0.1 102.8 .. 0.0 16.3 30.2

.. 18.0 .. .. 0.5 63.2 .. 7.2 62.6 35.7

1,551.8 128.7 41.8 12.2 1.0 6.3 4.8 1.8 93.7 82.3

1,845.1 160.9 46.9 12.9 1.1 4.7 4.7 6.2 90.4 79.4

1,990.2 166.2 39.3 14.2 1.2 3.4 2.7 5.9 90.9 80.3

2,313.5 157.6 49.7 14.2 1.0 1.7 1.3 8.3 88.8 80.0

3,157.5 196.1 61.1 17.8 1.1 4.9 4.4 8.0 88.2 78.7

2,950.6 227.7 65.8 17.6 1.4 5.1 4.2 3.6 90.8 81.1

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

1,117 98 0 341 112 -69

945 97 0 148 118 5

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

928.7 81.2 43.4 14.4 1.3 12.3 3.9 1.5 85.9 72.7

1,098.2 112.8 29.9 9.2 0.9 11.1 9.5 1.5 92.8 81.9

113 BURUNDI (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

7 7 6 5 1 1 1 1 0 0 1 0 0 0

118 118 110 59 55 51 49 8 0 5 4 0 0 0

851 851 842 660 597 182 182 9 0 1 8 0 0 0

3 1

0 37

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 1 0 0 0 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,022 1,022 1,021 872 840 149 149 1 0 0 1 0 0 0

1,079 1,079 1,078 921 891 157 157 1 0 0 1 0 0 0

1,050 1,050 1,049 899 873 150 150 1 0 0 1 0 0 0

1,031 1,031 1,027 885 861 142 142 4 0 0 4 0 0 0

979 979 973 856 833 117 117 5 0 0 5 0 0 0

1,095 1,095 1,091 948 922 143 139 4 0 0 4 0 0 0

1,234 1,234 1,222 1,063 1,033 160 156 11 0 0 11 0 0 0

0 398

0 566

0 603

0 599

0 600

0 582

0 648

0 732

39 39 39 21 20 18 18 0 0 0 0 0 0 0

96 96 93 64 60 30 30 2 0 0 2 0 0 0

19 19 19 16 16 3 3 0 0 0 0 0 0 0

31 31 30 30 30 0 0 1 0 0 1 0 0 0

20 20 20 20 20 0 0 0 0 0 0 0 0 0

39 39 36 36 36 0 0 3 0 0 3 0 0 0

14 14 12 12 12 0 0 2 0 0 2 0 0 0

40 40 40 36 36 4 0 0 0 0 0 0 0 0

52 52 41 41 41 0 0 11 0 0 11 0 0 0

0 0

0 12

0 49

0 12

0 24

0 15

0 36

0 12

0 36

0 41

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

4 4 1 0 0 1 1 3 0 2 1 0 0 0

28 28 19 11 6 8 8 8 0 5 3 0 0 0

12 12 12 12 8 0 0 0 0 0 0 0 0 0

13 13 13 12 8 0 0 0 0 0 0 0 0 0

14 14 14 13 11 0 0 0 0 0 0 0 0 0

9 9 9 9 9 0 0 0 0 0 0 0 0 0

12 12 12 11 11 1 1 0 0 0 0 0 0 0

14 14 12 12 12 0 0 2 0 0 2 0 0 0

21 21 18 17 17 0 0 4 0 0 4 0 0 0

0 0

0 0

0 1

0 4

0 6

0 8

0 9

0 10

0 11

0 14

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 1 0 0 0 0 0 0 0 0 0 0

35 35 38 20 20 17 17 -3 0 -1 -1 0 0 0

68 68 74 52 55 22 22 -6 0 -5 -1 0 0 0

7 7 7 4 8 3 3 0 0 0 0 0 0 0

18 18 17 18 22 0 0 0 0 0 0 0 0 0

6 6 6 7 9 0 0 0 0 0 0 0 0 0

30 30 27 27 27 0 0 3 0 0 3 0 0 0

2 2 0 1 1 -1 -1 2 0 0 2 0 0 0

26 26 28 25 25 4 0 -2 0 0 -2 0 0 0

31 31 23 23 24 0 0 8 0 0 8 0 0 0

0 0

0 12

0 48

0 7

0 18

0 8

0 28

0 2

0 25

0 27

5. LONG-TERM DEBT

114 BURUNDI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 2 1 1 0 0 0 1 0 1 0 0 0 0

12 12 11 9 5 2 2 1 0 1 1 0 0 0

9 9 9 9 7 0 0 0 0 0 0 0 0 0

8 8 8 7 6 1 1 0 0 0 0 0 0 0

6 6 6 6 6 0 0 0 0 0 0 0 0 0

4 4 4 4 4 0 0 0 0 0 0 0 0 0

5 5 5 4 4 0 0 0 0 0 0 0 0 0

5 5 5 5 5 0 0 0 0 0 0 0 0 0

7 7 7 7 6 0 0 0 0 0 0 0 0 0

0 0

0 0

0 3

0 5

0 4

0 4

0 4

0 4

0 4

0 5

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 1 0 0 0 0 0 0 0 0 0 0

33 33 37 20 20 17 17 -4 0 -2 -2 0 0 0

56 56 63 43 50 20 20 -7 0 -6 -1 0 0 0

-2 -2 -2 -5 1 3 3 0 0 0 0 0 0 0

10 10 10 11 16 -1 -1 0 0 0 0 0 0 0

0 0 0 0 3 0 0 0 0 0 0 0 0 0

26 26 23 23 23 0 0 3 0 0 3 0 0 0

-3 -3 -5 -4 -3 -1 -1 2 0 0 2 0 0 0

22 22 24 20 20 4 0 -2 0 0 -2 0 0 0

24 24 16 17 18 0 0 8 0 0 8 0 0 0

0 0

0 11

0 45

0 3

0 15

0 3

0 23

0 -2

0 21

0 22

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 0 0 0 0 0 0 0 0 0 0 0 0

6 6 2 1 0 1 1 4 0 2 2 0 0 0

40 40 30 20 10 10 10 9 0 6 4 0 0 0

21 21 21 21 15 0 0 0 0 0 0 0 0 0

21 21 20 19 14 1 1 0 0 0 0 0 0 0

20 20 20 20 17 0 0 0 0 0 0 0 0 0

14 14 14 14 14 0 0 0 0 0 0 0 0 0

17 17 16 15 15 1 1 0 0 0 0 0 0 0

19 19 17 16 16 0 0 2 0 0 2 0 0 0

28 28 24 24 23 0 0 4 0 0 4 0 0 0

0 0

0 0

0 3

0 9

0 9

0 12

0 13

0 14

0 16

0 19

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

2 2 0

184 184 0

457 457 0

148 148 0

122 122 0

131 96 35

119 87 32

151 121 30

186 162 24

147 135 12

2 0 6 1

104 0 117 1

779 0 849 2

989 0 1,022 0

1,048 0 1,079 0

1,023 0 1,050 0

1,003 0 1,031 0

950 0 979 0

1,062 1 1,095 0

1,189 1 1,234 0

.. 0.0 4.5 2.8 0.0 0.0 59.4 20.7 1.6 11.0

8.8 .. .. 2.6 0.0 0.0 60.8 21.0 1.6 5.3

9.3 .. .. 2.5 0.0 0.0 60.4 20.5 1.5 5.8

10.0 .. .. 2.5 0.0 0.0 60.9 19.9 1.4 5.2

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 17.8 0.0 0.0 0.0 0.0 15.7 34.6 0.0 31.9

.. 1.8 1.1 0.0 0.0 0.0 34.4 16.1 0.0 46.6

.. 0.5 4.4 2.0 0.0 0.0 50.3 21.6 2.8 18.3

.. 0.1 5.3 2.5 0.0 0.0 56.4 22.3 1.8 11.6

.. 0.1 5.4 2.6 0.0 0.0 56.9 21.7 1.8 11.6

.. 0.0 4.7 3.1 0.0 0.0 57.9 21.4 1.7 11.2

115 BURUNDI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 105 0 0 0 .. 1 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 53 13 .. 18 -62 40 65 3 10 46 .. -1 3 4 3 .. 0 0 0 0 0 0 0 .. -105 -30 -37 .. 26 -105 .. 33 37 70 1 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 16 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

-29 17 4 0 0 -38 -11

-33 13 8 0 -16 -24 -14

134 35 9 0 0 61 29

105 -16 11 0 0 77 33

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 3 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

2.9 4.7 2.2 20.3

1.3 41.8 8.9 73.5

0.9 40.1 10.3 78.7

0.0 0.0 0.0 0.0

2.0 3.1 0.2 12.2

1.5 25.7 7.0 60.8

1.8 33.7 8.8 68.0

0.8 39.6 10.1 80.4

0.8 39.8 10.3 80.6

0.0 0.0 0.0 0.0

2.3 4.8 2.5 22.5

1.3 41.8 8.9 73.5

0.9 40.1 10.3 78.7

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 38.3 9.2 75.9

1.8 33.7 8.8 68.0

0.8 39.6 10.1 80.4

0.8 39.8 10.3 80.6

0.0 0.0 0.0 0.0

7.6 3.6 0.1 3.8

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

2.0 3.1 0.2 12.2

2.0 15.3 5.3 48.3

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

1 102 126 0 1 64 42 1 102 126 0 0 29 42 0 0 0 0 1 35 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

48 48 0

90 90 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

52 49 10

26 36 9

20 37 9

13 38 9

11 38 9

7 40 8

6 39 8

4 41 8

2 41 7

1 43 7

44 47 9

23 34 9

19 35 9

13 36 9

11 36 8

7 38 8

6 36 8

4 39 7

2 39 7

1 41 7

6 16 2

3 9 1

2 8 1

1 9 1

0 8 1

0 7 1

0 5 1

0 4 1

0 4 0

0 4 0

38 31 8

20 25 8

17 26 8

12 27 8

11 28 7

7 31 7

6 32 7

4 34 7

2 35 7

1 37 6

8 2 0

3 2 0

1 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 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

8 2 0

3 2 0

1 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

116 CAMBODIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. 0 .. .. .. .. .. .. .. ..

.. .. .. .. 0 .. .. .. .. .. .. .. ..

1,845 1,683 1,683 0 27 136 103 102 0 393 393 0 8

2,383 2,193 2,193 0 65 125 99 99 0 907 907 0 13

2,465 2,261 2,261 0 66 137 106 106 0 1,034 1,034 0 7

2,517 2,293 2,293 0 73 152 109 109 0 1,157 1,157 0 4

2,628 2,328 2,328 0 73 227 131 131 0 1,275 1,275 0 4

2,697 2,393 2,393 0 80 224 145 145 0 1,318 1,318 0 4

2,900 2,587 2,587 0 96 217 192 192 0 1,359 1,359 0 3

3,139 2,814 2,814 0 104 221 207 207 0 1,401 1,401 0 4

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

0 0 0 0 0 0 15 15 30 29 0 1 -15 30 29 0 1

40 40 0 4 4 0 49 13 5 3 1 1 44 9 8 1 1

56 56 0 6 4 1 55 5 6 4 1 2 49 12 8 2 2

59 48 11 18 15 3 53 12 14 12 1 2 39 32 27 4 2

90 79 11 14 7 7 128 52 18 12 1 5 110 32 19 7 5

113 92 21 13 1 12 85 -16 9 5 1 4 76 22 5 13 4

169 147 22 14 1 12 101 -54 8 6 1 1 93 21 7 13 1

170 158 12 16 3 13 143 -10 9 8 1 0 134 25 11 14 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

23 0 0 0 23 19 23 0

411 36 204 0 171 123 210 201

465 52 243 0 170 121 225 240

385 33 230 0 122 94 158 227

421 72 149 0 201 102 273 149

435 91 149 0 194 122 286 149

472 146 145 0 180 136 327 145

429 155 87 0 188 164 342 87

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

-6 29 0 -6 0

403 3 4 207 196

405 4 57 222 183

286 12 87 146 140

287 12 122 261 26

297 5 134 281 16

315 6 151 321 -6

285 8 136 335 -49

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

3,031 1,096 120 1,494 439 -175

3,354 1,555 106 2,033 509 -188

3,461 1,997 121 2,457 611 -135

3,571 2,263 133 2,635 697 -86

3,831 2,525 140 2,907 913 -55

4,060 2,741 138 3,216 982 -125

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

224.9 81.3 1.1 0.6 0.2 17.8 3.5 5.5 90.5 11.2

161.9 75.1 2.1 0.9 0.4 20.2 3.0 6.0 90.2 12.9

131.6 75.9 1.6 0.9 0.5 23.3 3.0 8.6 88.2 14.5

119.1 75.5 1.0 0.4 0.3 25.9 3.2 8.3 88.4 16.4

114.9 75.7 0.9 0.3 0.2 31.5 3.8 7.5 88.9 21.0

114.5 77.3 0.9 0.3 0.2 31.3 3.7 7.1 89.3 25.5

3. MAJOR ECONOMIC AGGREGATES 1,115 .. 0 .. .. ..

3,327 922 12 1,311 299 -210

4. DEBT INDICATORS .. 165.5 .. .. 2.7 .. .. 7.3 91.2 0.1

258.3 71.6 1.0 0.5 0.1 12.5 2.7 5.2 90.5 9.0

117 CAMBODIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

1,683 1,683 1,683 1 1 1,681 1,681 0 0 0 0 0 0 0

0 0

0 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

2,193 2,193 2,186 215 215 1,972 1,943 6 0 0 6 0 0 0

2,261 2,261 2,258 276 276 1,982 1,954 3 0 0 3 0 0 0

2,293 2,293 2,293 325 325 1,968 1,946 0 0 0 0 0 0 0

2,328 2,328 2,328 381 381 1,947 1,938 0 0 0 0 0 0 0

2,393 2,393 2,393 442 442 1,951 1,942 0 0 0 0 0 0 0

2,587 2,587 2,587 609 609 1,978 1,969 0 0 0 0 0 0 0

2,814 2,814 2,814 801 801 2,013 2,002 0 0 0 0 0 0 0

0 0

0 132

0 156

0 180

0 207

0 238

0 306

0 400

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

0 0 0 0 0 0 0 0 0 0 0 0 0 0

40 40 40 40 40 0 0 0 0 0 0 0 0 0

56 56 56 47 47 9 9 0 0 0 0 0 0 0

48 48 48 48 48 0 0 0 0 0 0 0 0 0

79 79 79 78 78 1 1 0 0 0 0 0 0 0

92 92 92 85 85 7 7 0 0 0 0 0 0 0

147 147 147 124 124 23 23 0 0 0 0 0 0 0

158 158 158 129 129 29 29 0 0 0 0 0 0 0

0 0

0 0

0 0

0 30

0 19

0 27

0 37

0 40

0 47

0 63

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

0 0 0 0 0 0 0 0 0 0 0 0 0 0

4 4 1 0 0 1 0 3 0 0 3 0 0 0

4 4 1 0 0 1 0 3 0 0 3 0 0 0

15 15 12 0 0 12 7 3 0 0 3 0 0 0

7 7 7 0 0 7 7 0 0 0 0 0 0 0

1 1 1 0 0 1 1 0 0 0 0 0 0 0

1 1 1 0 0 1 1 0 0 0 0 0 0 0

3 3 3 2 2 2 1 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

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

0 0 0 0 0 0 0 0 0 0 0 0 0 0

36 36 39 40 40 -1 0 -3 0 0 -3 0 0 0

52 52 55 47 47 8 9 -3 0 0 -3 0 0 0

33 33 36 48 48 -12 -7 -3 0 0 -3 0 0 0

72 72 72 78 78 -6 -6 0 0 0 0 0 0 0

91 91 91 85 85 6 6 0 0 0 0 0 0 0

146 146 146 124 124 22 22 0 0 0 0 0 0 0

155 155 155 127 127 28 28 0 0 0 0 0 0 0

0 0

0 0

0 0

0 30

0 19

0 27

0 37

0 40

0 47

0 63

5. LONG-TERM DEBT

118 CAMBODIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

29 29 29 0 0 29 29 0 0 0 0 0 0 0

3 3 3 2 2 2 1 0 0 0 0 0 0 0

4 4 4 2 2 2 1 0 0 0 0 0 0 0

12 12 12 2 2 9 9 0 0 0 0 0 0 0

12 12 12 3 3 9 9 0 0 0 0 0 0 0

5 5 5 3 3 1 1 0 0 0 0 0 0 0

6 6 6 4 4 2 1 0 0 0 0 0 0 0

8 8 8 6 6 2 1 0 0 0 0 0 0 0

0 0

0 0

0 0

0 1

0 1

0 1

0 1

0 1

0 2

0 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

-29 -29 -29 0 0 -29 -29 0 0 0 0 0 0 0

33 33 36 39 39 -3 -1 -3 0 0 -3 0 0 0

48 48 51 45 45 6 8 -3 0 0 -3 0 0 0

21 21 24 45 45 -21 -16 -3 0 0 -3 0 0 0

60 60 60 75 75 -15 -14 0 0 0 0 0 0 0

87 87 87 82 82 4 5 0 0 0 0 0 0 0

140 140 140 120 120 20 21 0 0 0 0 0 0 0

147 147 147 121 121 26 27 0 0 0 0 0 0 0

0 0

0 0

0 0

0 30

0 18

0 26

0 35

0 38

0 45

0 60

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

29 29 29 0 0 29 29 0 0 0 0 0 0 0

8 8 4 2 2 3 1 3 0 0 3 0 0 0

8 8 5 2 2 3 1 3 0 0 3 0 0 0

27 27 24 2 2 21 16 3 0 0 3 0 0 0

19 19 19 3 3 16 16 0 0 0 0 0 0 0

5 5 5 3 3 2 2 0 0 0 0 0 0 0

7 7 7 4 4 3 2 0 0 0 0 0 0 0

11 11 11 7 7 4 3 0 0 0 0 0 0 0

0 0

0 0

0 0

0 1

0 1

0 1

0 1

0 1

0 2

0 2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

651 651 0

231 231 0

214 214 0

332 332 0

436 436 0

439 439 0

473 473 0

544 544 0

.. .. .. ..

.. .. .. ..

1,683 0 1,683 0

2,158 0 2,193 0

2,230 0 2,261 0

2,271 0 2,293 0

2,319 0 2,328 0

2,384 0 2,393 0

2,578 0 2,587 0

2,803 0 2,814 0

.. 0.1 0.8 0.3 0.0 0.0 30.2 6.8 0.1 61.8

0.8 .. .. 0.3 0.0 0.0 31.6 6.7 0.2 60.4

0.8 .. .. 0.7 0.0 0.0 34.7 7.1 0.4 56.4

0.9 .. .. 1.0 0.0 0.0 38.0 7.2 0.5 52.4

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 0.4 0.5 0.6 0.0 0.0 12.6 0.0 0.0 86.0

.. 0.1 0.9 0.3 0.0 0.0 28.9 3.8 0.0 66.0

.. 0.1 1.0 0.3 0.0 0.0 29.0 5.2 0.0 64.4

.. 0.1 0.8 0.3 0.0 0.0 29.4 6.0 0.0 63.3

119 CAMBODIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 0 0 0 .. 0 0 0 0 .. 0 3 0 0 .. 0 3 0 0 .. 0 0 0 0 .. 0 2 0 0 .. 0 2 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 53 .. 166 29 82 49 55 53 .. 15 5 7 3 .. 10 .. 0 2 0 0 .. 0 0 0 0 .. 4 -22 16 -3 3 0 .. 136 -5 9. AVERAGE TERMS OF NEW COMMITMENTS

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

111 128 23 0 0 -28 -12

69 85 13 0 0 -29 0

204 101 47 0 0 54 2

239 143 15 0 0 80 1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

1.1 38.3 9.7 76.0

0.5 39.5 10.0 82.5

1.1 37.6 9.7 76.2

1.3 30.3 8.2 68.6

0.9 34.5 9.9 76.8

1.1 30.5 8.8 71.6

1.0 33.0 9.6 74.8

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

1.1 38.3 9.7 76.0

0.5 39.5 10.0 82.5

1.1 37.6 9.7 76.2

1.3 30.3 8.2 68.6

0.9 34.5 9.9 76.8

1.1 30.5 8.8 71.6

1.0 33.0 9.6 74.8

.. .. .. ..

.. .. .. ..

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

.. .. 0 75 31 175 185 .. .. 0 75 31 175 185 .. .. 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

131 131 0

152 152 0

214 214 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

134 48 20

115 51 22

86 52 22

65 53 24

50 58 24

34 60 24

24 61 24

16 67 23

10 62 22

6 65 21

134 48 20

115 51 22

86 52 22

65 53 24

50 58 24

34 60 24

24 61 24

16 67 23

10 62 22

6 65 21

29 45 11

27 45 11

19 42 11

13 40 11

10 40 10

7 36 10

5 31 9

4 33 9

2 27 8

1 29 7

105 3 9

88 6 11

67 10 12

52 13 14

40 18 14

27 23 14

19 30 14

11 34 14

7 35 14

4 37 14

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 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

120 CAMEROON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

145 145 136 9 0 0 0 0 0 0 0 0 0

2,588 2,251 2,073 178 59 278 9 3 6 7 2 5 0

6,657 5,577 5,347 230 121 960 191 87 105 350 103 246 2,193

9,372 7,965 7,767 198 93 1,314 185 78 108 490 170 320 2,620

9,966 8,412 8,233 179 156 1,398 172 64 109 528 200 328 2,404

9,485 8,011 7,656 355 196 1,278 154 56 98 471 175 296 2,254

9,299 7,763 7,446 317 235 1,301 282 144 138 564 265 299 2,171

8,401 7,200 6,975 226 244 957 177 94 84 261 145 115 2,056

8,555 7,470 7,293 177 307 778 186 74 111 316 179 137 2,121

9,189 8,497 7,882 615 347 345 61 16 45 76 27 49 2,374

39 39 0 6 6 0 33 0 5 5 0 0 28 11 11 0 0

626 614 12 131 114 17 538 43 149 119 2 28 389 280 233 19 28

713 713 0 268 267 1 682 237 250 197 11 42 432 518 463 13 42

297 260 37 275 264 11 680 657 231 188 3 40 448 506 452 14 40

261 188 73 284 267 16 74 97 235 178 3 55 -161 519 445 19 55

306 245 62 284 266 18 -80 -102 262 201 2 59 -342 546 467 20 59

354 286 69 268 250 17 -18 -105 288 215 2 72 -307 556 465 19 72

170 150 20 183 181 2 -253 -239 152 117 1 34 -404 335 298 3 34

155 114 41 192 192 0 -223 -187 156 128 2 25 -379 347 320 2 25

167 145 22 263 252 11 -404 -308 185 171 2 13 -590 449 423 13 13

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

70 33 16 0 21 17 44 26

659 500 130 0 29 85 250 409

646 447 -113 0 313 126 771 -124

181 -3 45 0 139 95 161 20

248 -80 50 0 278 107 242 6

208 -21 40 0 190 97 221 -12

239 36 31 0 172 94 260 -21

254 -32 67 0 219 106 278 -24

352 -77 86 0 343 115 314 38

892 -107 215 0 784 138 738 154

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

65 5 0 40 25

425 119 115 208 216

311 197 139 647 -336

-76 188 69 -11 -65

17 178 53 83 -66

-19 201 26 42 -61

-31 215 55 62 -93

100 117 38 173 -73

207 128 16 194 14

644 171 77 614 30

1,025 .. 0 .. 81 ..

5,618 2,108 29 2,552 206 -445

8,234 .. 11 .. 10 ..

8,719 .. 11 .. 13 ..

8,284 .. 11 .. 220 ..

7,887 .. 11 .. 340 ..

9,223 .. 11 .. 640 ..

11,749 .. 11 .. 652 ..

.. 14.1 .. .. 0.5 55.8 .. 0.0 74.1 14.0

122.8 46.1 13.3 7.1 2.7 8.0 1.0 10.8 33.7 16.7

.. 121.0 .. .. 2.9 0.1 .. 14.0 46.3 14.9

.. 108.8 .. .. 3.0 0.1 .. 13.5 45.5 15.3

.. 112.3 .. .. 3.5 2.4 .. 14.0 45.9 15.2

.. 106.5 .. .. 1.9 4.0 .. 11.4 50.5 16.2

.. 92.8 .. .. 1.7 7.5 .. 9.1 53.1 16.6

.. 78.2 .. .. 1.6 7.1 .. 3.8 56.9 17.1

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

10,674 2,535 23 3,041 37 -551

8,506 .. 11 .. 10 ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

262.6 62.4 20.5 9.9 2.3 0.6 0.1 14.4 27.4 19.5

.. 110.2 .. .. 2.7 0.1 .. 14.0 45.7 15.5

121 CAMEROON (US$ million, unless otherwise indicated) 1970

1980

1990

145 136 124 20 12 104 95 12 0 0 12 9 0 9

2,251 2,073 1,237 432 210 805 663 836 0 193 643 178 0 178

5,577 5,347 3,864 1,298 341 2,566 1,486 1,483 0 503 980 230 0 230

3 9

152 146

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

39 28 27 9 6 18 15 1 0 0 1 11 0 11

1997

1998

1999

2000

2001

2002

2003

7,965 7,767 7,214 1,457 736 5,757 3,543 553 0 314 239 198 0 198

8,412 8,233 7,754 1,481 837 6,272 3,775 479 0 327 152 179 0 179

8,011 7,656 7,284 1,452 903 5,832 3,413 372 0 279 93 355 0 355

7,763 7,446 7,116 1,413 955 5,703 3,315 330 0 256 74 317 0 317

7,200 6,975 6,819 1,358 951 5,460 3,294 156 0 101 55 226 0 226

7,470 7,293 7,122 1,423 1,078 5,699 3,468 171 0 117 54 177 0 177

8,497 7,882 7,797 1,574 1,213 6,222 4,014 85 0 39 46 615 0 615

633 238

402 609

342 701

270 749

214 769

176 758

141 847

145 944

614 564 250 72 22 178 120 314 0 115 199 50 0 50

713 661 554 195 2 359 106 107 0 10 96 53 0 53

260 246 246 148 123 98 98 0 0 0 0 14 0 14

188 178 178 107 93 71 70 0 0 0 0 10 0 10

245 189 189 119 102 70 70 0 0 0 0 55 0 55

286 247 247 115 104 133 126 0 0 0 0 39 0 39

150 150 150 71 41 79 78 0 0 0 0 0 0 0

114 114 114 73 72 41 41 0 0 0 0 0 0 0

145 133 133 105 55 28 28 0 0 0 0 12 0 12

3 4

28 19

70 0

6 120

3 79

1 65

0 55

13 20

1 50

35 36

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 5 4 0 0 4 3 0 0 0 0 2 0 2

114 82 29 10 2 19 12 53 0 18 35 32 0 32

267 137 96 66 6 29 17 41 0 28 14 130 0 130

264 238 224 161 30 64 20 14 0 8 6 25 0 25

267 247 213 123 14 90 54 34 0 7 27 20 0 20

266 164 158 115 15 43 32 6 0 4 2 102 0 102

250 164 160 95 16 65 45 4 0 4 0 86 0 86

181 90 90 48 16 42 37 0 0 0 0 91 0 91

192 143 143 74 16 69 61 0 0 0 0 49 0 49

252 192 179 69 16 110 98 13 0 11 2 60 0 60

0 0

4 0

40 3

74 5

67 5

63 6

52 7

21 7

22 8

35 7

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

33 24 23 9 6 14 12 1 0 0 1 9 0 9

500 482 221 63 21 159 109 261 0 97 164 18 0 18

447 524 458 129 -4 330 89 66 0 -17 83 -77 0 -77

-3 8 22 -13 93 35 79 -14 0 -8 -6 -11 0 -11

-80 -70 -36 -16 79 -19 15 -34 0 -7 -27 -10 0 -10

-21 25 31 4 87 27 38 -6 0 -4 -2 -47 0 -47

36 84 88 20 89 68 82 -4 0 -4 0 -48 0 -48

-32 59 59 23 24 36 41 0 0 0 0 -91 0 -91

-77 -29 -29 0 56 -29 -20 0 0 0 0 -49 0 -49

-107 -59 -46 36 39 -82 -70 -13 0 -11 -2 -48 0 -48

3 4

24 19

30 -3

-68 115

-64 74

-62 59

-52 49

-8 12

-21 42

0 29

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

122 CAMEROON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

5 4 4 1 0 3 2 1 0 0 1 1 0 1

119 104 42 18 2 24 13 62 0 23 39 15 0 15

197 180 124 71 4 52 28 56 0 40 16 17 0 17

188 178 173 90 10 82 51 6 0 2 4 10 0 10

178 174 159 59 6 100 56 15 0 5 10 4 0 4

201 180 179 56 7 123 48 1 0 1 0 21 0 21

215 198 198 48 7 150 59 1 0 1 0 17 0 17

117 105 105 32 8 73 28 0 0 0 0 12 0 12

128 121 121 43 9 78 37 0 0 0 0 8 0 8

171 124 124 31 9 93 49 0 0 0 0 47 0 47

0 0

13 1

48 2

36 4

28 5

26 5

22 5

18 6

14 6

10 6

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

28 19 19 9 6 11 10 0 0 0 0 9 0 9

381 378 180 45 19 135 95 199 0 73 125 3 0 3

250 344 335 57 -8 277 60 10 0 -57 66 -94 0 -94

-191 -170 -151 -103 83 -47 28 -19 0 -10 -10 -21 0 -21

-257 -243 -195 -75 73 -120 -40 -49 0 -12 -37 -14 0 -14

-223 -155 -148 -51 80 -97 -10 -7 0 -5 -2 -68 0 -68

-179 -115 -110 -28 81 -82 23 -5 0 -5 0 -64 0 -64

-148 -46 -46 -9 17 -36 13 0 0 0 0 -103 0 -103

-206 -149 -149 -43 48 -106 -57 0 0 0 0 -56 0 -56

-278 -183 -169 5 30 -175 -120 -14 0 -11 -3 -94 0 -94

3 4

12 18

-18 -4

-104 110

-92 69

-88 54

-73 43

-26 6

-35 36

-10 23

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 9 8 1 0 7 5 1 0 0 1 2 0 2

233 186 71 28 4 43 25 115 0 41 74 47 0 47

463 317 219 138 10 81 46 97 0 67 30 147 0 147

452 416 397 251 40 146 70 19 0 10 10 35 0 35

445 421 372 182 20 191 110 49 0 12 37 24 0 24

467 344 337 171 22 166 80 7 0 5 2 124 0 124

465 362 358 143 23 215 103 5 0 5 0 103 0 103

298 195 195 80 24 115 65 0 0 0 0 103 0 103

320 264 263 116 25 147 98 0 0 0 0 56 0 56

423 316 303 100 25 203 148 14 0 11 3 106 0 106

0 0

17 2

88 4

110 10

95 10

89 11

73 12

38 13

35 14

45 13

104 103 1

619 545 74

1,839 1,521 318

859 855 4

1,117 1,113 4

904 904 0

624 624 0

717 717 0

779 779 0

738 738 0

107 9 127 17

873 499 2,006 245

1,826 835 5,224 353

4,279 1,317 7,707 257

4,612 1,280 8,174 238

4,316 1,364 7,605 406

4,270 1,254 7,399 364

4,245 1,098 6,975 226

4,546 1,058 7,293 177

5,227 1,570 7,882 615

.. 16.1 30.1 0.5 1.8 0.7 27.3 3.5 0.2 19.8

58.9 .. .. 0.9 1.5 0.7 29.5 3.4 0.2 4.9

59.4 .. .. 1.1 1.5 0.8 29.1 2.9 0.2 5.0

60.2 .. .. 1.1 1.4 0.8 28.5 2.7 0.2 5.2

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 10.7 15.8 0.0 2.8 0.0 22.7 4.9 0.0 43.1

.. 8.6 36.8 0.0 2.0 0.0 19.2 10.5 0.0 22.9

.. 17.0 31.5 0.3 2.3 1.1 11.1 16.2 0.0 20.5

.. 17.4 34.0 0.3 1.9 1.0 16.4 9.0 0.2 19.7

.. 17.4 33.7 0.3 1.8 0.9 22.6 4.0 0.2 19.1

.. 16.5 31.5 0.3 1.9 0.7 26.2 3.9 0.2 18.7

123 CAMEROON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 75 1,075 370 482 .. 0 0 0 0 .. 26 406 208 218 .. 7 306 147 180 .. 19 99 60 38 .. 22 564 151 141 .. 6 538 141 137 .. 16 26 9 4 .. 10 73 23 20 .. 0 89 17 16 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 594 -481 .. 1,233 -250 538 682 680 74 -80 -602 -13 -19 .. 115 .. 22 564 151 141 .. -10 -73 -23 -20 121 -812 .. 336 -1,057 .. 87 239 284 308 9. AVERAGE TERMS OF NEW COMMITMENTS

158 0 20 9 12 16 15 0 4 2 0 0

263 0 138 61 77 83 44 39 412 244 0 0

41 0 30 29 1 22 22 0 193 82 0 0

90 0 37 37 0 21 21 0 308 104 0 0

-186 -18 128 16 -4 -420 114

-898 -253 -105 83 -412 -298 86

154 -223 8 22 -193 893 -353

634 -404 -125 21 -308 1,037 413

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 33 .. .. .. .. ..

4.7 28.4 8.0 39.9

6.9 23.3 5.9 25.9

6.6 15.1 5.3 21.2

2.4 23.1 7.7 55.8

1.1 36.8 9.8 75.1

2.0 27.7 8.5 62.4

0.7 42.6 9.8 80.2

2.5 30.3 9.7 59.7

0.9 33.9 9.0 74.5

0.9 22.5 6.2 63.7

4.6 28.8 8.1 40.4

6.1 24.8 6.3 30.6

6.6 15.2 5.3 21.3

2.4 23.1 7.7 55.8

1.1 36.8 9.8 75.1

2.0 27.7 8.5 62.4

0.7 42.6 9.8 80.2

2.5 30.3 9.7 59.7

0.9 33.9 9.0 74.5

0.9 22.5 6.2 63.7

6.0 7.2 1.7 13.0

14.7 8.2 2.4 -21.2

7.0 13.2 2.7 14.4

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

42 170 479 156 385 253 73 41 155 473 156 385 253 73 1 15 6 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

286 286 0

138 138 0

58 58 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

225 546 317

158 673 296

112 573 260

83 503 234

60 492 211

40 461 192

27 340 171

13 346 158

7 314 146

3 301 136

225 507 273

158 526 251

112 501 228

83 434 210

60 426 194

40 398 182

27 332 168

13 339 156

7 307 144

3 297 135

60 417 243

51 438 225

33 416 204

21 361 189

12 353 175

6 321 166

3 267 154

1 275 143

1 251 133

0 240 124

165 90 30

107 88 27

79 85 24

62 73 21

48 73 19

34 77 17

24 65 14

12 64 13

7 57 12

3 57 11

0 39 44

0 147 45

0 72 32

0 69 24

0 66 17

0 63 10

0 8 3

0 8 2

0 7 2

0 4 1

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 39 44

0 147 45

0 72 32

0 69 24

0 66 17

0 63 10

0 8 3

0 8 2

0 7 2

0 4 1

124 CAPE VERDE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

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

.. .. .. .. 0.0 .. .. .. .. .. .. ..

133.8 129.1 129.1 0.0 0.0 4.7 2.3 1.9 0.4 11.1 10.4 0.7

206.5 199.5 199.5 0.0 0.0 7.0 4.0 3.4 0.5 19.6 17.4 2.2

246.5 240.9 240.9 0.0 0.0 5.7 2.7 2.7 0.0 15.4 15.4 0.0

327.4 308.0 308.0 0.0 0.0 19.4 3.7 3.6 0.1 24.8 23.0 1.8

327.2 314.6 314.6 0.0 0.0 12.6 4.0 4.0 0.0 34.1 32.9 1.2

360.7 341.3 341.3 0.0 0.0 19.4 3.7 3.4 0.3 26.4 25.8 0.6

413.5 385.0 385.0 0.0 3.3 25.2 3.3 3.1 0.3 24.4 23.4 1.0

480.2 434.8 434.8 0.0 7.3 38.0 3.4 3.1 0.3 24.7 23.4 1.3

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

.. .. 0.0 .. .. 0.0 .. .. .. .. 0.0 .. .. .. .. 0.0 ..

12.1 12.1 0.0 3.7 3.7 0.0 10.7 2.4 2.0 1.9 0.0 0.1 8.7 5.7 5.6 0.0 0.1

21.6 21.6 0.0 10.3 10.3 0.0 13.3 2.0 4.2 4.1 0.0 0.1 9.1 14.5 14.4 0.0 0.1

54.5 54.5 0.0 15.6 15.6 0.0 38.7 -0.1 3.8 3.7 0.0 0.2 34.9 19.5 19.3 0.0 0.2

63.2 63.2 0.0 16.2 16.2 0.0 59.7 12.8 3.8 3.3 0.0 0.5 55.9 20.0 19.5 0.0 0.5

28.8 28.8 0.0 11.1 11.1 0.0 10.7 -7.1 5.0 4.8 0.0 0.3 5.6 16.1 15.9 0.0 0.3

51.5 51.5 0.0 9.8 9.8 0.0 48.8 7.0 4.2 3.6 0.0 0.6 44.6 14.0 13.4 0.0 0.6

37.7 34.5 3.2 14.3 14.3 0.0 29.5 6.1 7.4 6.6 0.0 0.8 22.1 21.7 20.9 0.0 0.8

33.4 30.0 3.4 15.7 15.7 0.0 30.5 12.8 6.2 5.2 0.0 1.0 24.3 21.9 20.9 0.0 1.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

86.1 8.3 0.3 0.0 77.5 18.0 85.9 0.2

86.2 11.3 11.6 0.0 63.2 33.9 74.3 11.9

109.5 38.8 9.0 0.0 61.7 36.0 102.7 6.8

149.1 46.9 53.3 3.0 45.9 30.9 93.4 55.7

94.7 17.7 33.4 0.0 43.6 29.6 63.1 31.6

74.3 41.7 9.1 0.0 23.5 18.2 56.8 17.5

76.6 20.2 14.8 0.0 41.7 21.4 60.4 16.2

86.3 14.2 14.8 0.0 57.2 56.7 70.3 16.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

84.2 1.9 0.0 84.1 0.2

82.0 4.1 0.0 71.3 10.7

103.5 3.7 2.4 99.6 3.8

143.8 3.3 2.0 90.4 53.4

84.8 4.8 5.1 59.2 25.6

69.3 3.6 1.4 53.6 15.7

65.9 6.6 4.1 54.9 11.0

78.9 5.2 2.2 65.9 13.0

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

534.0 193.6 74.0 317.5 8.3 -58.5

575.1 210.9 79.0 365.3 42.6 -74.2

520.0 236.6 87.0 343.6 28.3 -58.0

544.1 254.1 81.0 363.2 45.4 -55.7

606.0 285.7 85.0 438.4 79.8 -71.5

784.3 382.1 92.0 577.0 93.6 -77.2

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

127.4 46.2 10.0 2.0 0.7 3.4 0.3 2.3 78.3 73.3

155.2 56.9 9.5 1.8 0.7 13.0 1.4 5.9 78.3 67.8

138.3 62.9 6.8 2.1 1.0 8.6 1.0 3.9 82.1 70.0

141.9 66.3 5.5 1.6 0.8 12.6 1.5 5.4 84.1 66.8

144.7 68.2 7.6 2.6 1.2 19.3 2.2 6.1 83.6 67.6

125.6 61.2 5.7 1.6 0.8 19.5 1.9 7.9 81.5 67.5

3. MAJOR ECONOMIC AGGREGATES 340.5 119.3 59.0 153.1 77.0 -3.8

498.3 213.7 76.0 295.5 19.3 -29.7

4. DEBT INDICATORS 112.1 39.3 4.8 1.7 0.6 57.5 6.0 3.5 70.2 65.0

96.7 41.4 6.8 2.0 0.8 9.4 0.8 3.4 78.3 73.3

125 CAPE VERDE (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

129.1 129.1 126.6 87.0 68.4 39.6 25.5 2.5 0.0 0.0 2.5 0.0 0.0 0.0

.. ..

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

199.5 199.5 187.5 151.3 135.0 36.2 26.7 12.0 0.0 0.0 12.0 0.0 0.0 0.0

240.9 240.9 231.0 180.7 165.1 50.3 28.0 9.9 0.0 0.0 9.9 0.0 0.0 0.0

308.0 308.0 298.7 222.0 210.1 76.8 46.3 9.3 0.0 0.0 9.3 0.0 0.0 0.0

314.6 314.6 307.1 229.2 220.0 77.9 48.4 7.5 0.0 0.0 7.5 0.0 0.0 0.0

341.3 341.3 325.3 240.8 232.7 84.5 70.8 16.0 0.0 0.0 16.0 0.0 0.0 0.0

385.0 385.0 365.2 279.6 273.2 85.6 72.6 19.8 0.0 0.0 19.8 0.0 0.0 0.0

434.8 434.8 410.3 324.1 316.8 86.3 74.5 24.5 0.0 0.0 24.5 0.0 0.0 0.0

0.0 13.6

0.0 45.1

0.0 70.2

0.0 92.5

0.0 97.9

0.0 109.6

0.0 140.4

0.0 173.3

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

12.1 12.1 12.1 6.0 6.0 6.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

21.6 21.6 20.2 19.5 19.2 0.7 0.7 1.5 0.0 0.0 1.5 0.0 0.0 0.0

54.5 54.5 54.5 29.3 29.3 25.1 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

63.2 63.2 63.2 40.9 40.9 22.3 15.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

28.8 28.8 28.8 23.5 23.5 5.3 5.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

51.5 51.5 40.4 24.9 24.9 15.5 15.5 11.1 0.0 0.0 11.1 0.0 0.0 0.0

34.5 34.5 30.1 30.1 30.1 0.0 0.0 4.4 0.0 0.0 4.4 0.0 0.0 0.0

30.0 30.0 25.4 25.4 25.4 0.0 0.0 4.5 0.0 0.0 4.5 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 2.0

0.0 8.3

0.0 22.7

0.0 24.1

0.0 10.4

0.0 16.0

0.0 22.0

0.0 19.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

3.7 3.7 3.6 2.5 1.0 1.1 0.2 0.1 0.0 0.0 0.1 0.0 0.0 0.0

10.3 10.3 9.1 7.0 5.1 2.0 1.4 1.2 0.0 0.0 1.2 0.0 0.0 0.0

15.6 15.6 13.5 6.2 4.7 7.2 1.0 2.2 0.0 0.0 2.2 0.0 0.0 0.0

16.2 16.2 15.6 5.4 3.9 10.2 0.5 0.6 0.0 0.0 0.6 0.0 0.0 0.0

11.1 11.1 9.3 6.1 4.8 3.2 2.2 1.8 0.0 0.0 1.8 0.0 0.0 0.0

9.8 9.8 7.1 5.0 4.2 2.2 1.4 2.7 0.0 0.0 2.7 0.0 0.0 0.0

14.3 14.3 11.4 8.1 5.9 3.3 2.6 2.9 0.0 0.0 2.9 0.0 0.0 0.0

15.7 15.7 12.4 7.7 6.6 4.7 3.5 3.3 0.0 0.0 3.3 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.2

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.7

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

8.3 8.3 8.5 3.5 5.0 4.9 0.6 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

11.3 11.3 11.1 12.4 14.1 -1.3 -0.7 0.3 0.0 0.0 0.3 0.0 0.0 0.0

38.8 38.8 41.0 23.1 24.7 17.9 1.6 -2.2 0.0 0.0 -2.2 0.0 0.0 0.0

46.9 46.9 47.5 35.4 36.9 12.1 15.2 -0.6 0.0 0.0 -0.6 0.0 0.0 0.0

17.7 17.7 19.5 17.4 18.7 2.1 3.1 -1.8 0.0 0.0 -1.8 0.0 0.0 0.0

41.7 41.7 33.3 19.9 20.7 13.4 14.2 8.4 0.0 0.0 8.4 0.0 0.0 0.0

20.2 20.2 18.7 22.0 24.2 -3.3 -2.5 1.4 0.0 0.0 1.4 0.0 0.0 0.0

14.2 14.2 13.1 17.8 18.8 -4.7 -3.5 1.2 0.0 0.0 1.2 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 2.0

0.0 8.2

0.0 22.5

0.0 23.8

0.0 10.2

0.0 15.7

0.0 21.7

0.0 18.3

5. LONG-TERM DEBT

126 CAPE VERDE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

1.9 1.9 1.9 1.2 0.5 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.1 4.1 3.0 2.2 1.4 0.8 0.4 1.2 0.0 0.0 1.2 0.0 0.0 0.0

3.7 3.7 3.0 2.4 1.8 0.6 0.4 0.6 0.0 0.0 0.6 0.0 0.0 0.0

3.3 3.3 3.0 2.1 1.9 0.9 0.3 0.3 0.0 0.0 0.3 0.0 0.0 0.0

4.8 4.8 3.9 2.7 2.3 1.1 0.8 0.9 0.0 0.0 0.9 0.0 0.0 0.0

3.6 3.6 3.2 1.7 1.5 1.5 1.0 0.4 0.0 0.0 0.4 0.0 0.0 0.0

6.6 6.6 5.5 3.7 3.3 1.8 1.6 1.1 0.0 0.0 1.1 0.0 0.0 0.0

5.2 5.2 4.4 3.0 2.9 1.4 1.3 0.8 0.0 0.0 0.8 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.3

0.0 0.4

0.0 0.5

0.0 0.7

0.0 0.7

0.0 0.9

0.0 1.1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

6.5 6.5 6.6 2.3 4.6 4.3 0.6 -0.2 0.0 0.0 -0.2 0.0 0.0 0.0

7.2 7.2 8.1 10.3 12.7 -2.2 -1.1 -0.9 0.0 0.0 -0.9 0.0 0.0 0.0

35.2 35.2 37.9 20.7 22.8 17.3 1.2 -2.8 0.0 0.0 -2.8 0.0 0.0 0.0

43.7 43.7 44.5 33.3 35.1 11.2 15.0 -0.9 0.0 0.0 -0.9 0.0 0.0 0.0

12.9 12.9 15.7 14.7 16.4 1.0 2.3 -2.7 0.0 0.0 -2.7 0.0 0.0 0.0

38.1 38.1 30.1 18.2 19.2 11.9 13.2 8.0 0.0 0.0 8.0 0.0 0.0 0.0

13.5 13.5 13.2 18.3 20.9 -5.0 -4.1 0.3 0.0 0.0 0.3 0.0 0.0 0.0

9.1 9.1 8.6 14.8 16.0 -6.1 -4.8 0.4 0.0 0.0 0.4 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 1.9

0.0 7.9

0.0 22.1

0.0 23.3

0.0 9.5

0.0 15.0

0.0 20.8

0.0 17.2

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

5.6 5.6 5.5 3.7 1.4 1.8 0.2 0.2 0.0 0.0 0.2 0.0 0.0 0.0

14.4 14.4 12.0 9.2 6.5 2.9 1.8 2.4 0.0 0.0 2.4 0.0 0.0 0.0

19.3 19.3 16.5 8.7 6.5 7.8 1.4 2.8 0.0 0.0 2.8 0.0 0.0 0.0

19.5 19.5 18.6 7.6 5.8 11.1 0.8 0.9 0.0 0.0 0.9 0.0 0.0 0.0

15.9 15.9 13.1 8.8 7.1 4.3 3.0 2.7 0.0 0.0 2.7 0.0 0.0 0.0

13.4 13.4 10.3 6.7 5.6 3.6 2.3 3.1 0.0 0.0 3.1 0.0 0.0 0.0

20.9 20.9 16.9 11.8 9.2 5.0 4.2 4.0 0.0 0.0 4.0 0.0 0.0 0.0

20.9 20.9 16.8 10.7 9.5 6.1 4.8 4.1 0.0 0.0 4.1 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.4

0.0 0.6

0.0 0.8

0.0 0.9

0.0 1.0

0.0 1.2

0.0 1.8

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

99.9 99.9 0.0

116.4 115.5 0.9

146.8 145.8 0.9

153.3 152.4 0.9

126.9 118.6 8.3

123.6 110.5 13.1

122.9 110.0 12.9

113.2 102.9 10.3

.. .. .. ..

.. .. .. ..

93.9 0.0 129.1 0.0

161.7 0.0 199.5 0.0

193.1 0.0 240.9 0.0

256.5 7.3 308.0 0.0

268.5 6.7 314.6 0.0

303.4 16.3 341.3 0.0

345.9 21.2 385.0 0.0

391.2 25.7 434.8 0.0

.. 3.3 0.0 0.0 0.0 0.0 55.7 4.5 3.1 33.4

12.0 .. .. 0.0 0.0 0.0 54.0 4.7 2.8 26.6

12.7 .. .. 0.0 0.0 0.0 54.7 4.6 2.7 25.3

13.5 .. .. 0.0 0.0 0.0 53.9 4.9 2.7 25.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 0.0 0.0 0.0 0.0 0.0 38.5 16.1 0.1 45.3

.. 0.0 0.0 0.0 0.0 0.0 43.4 5.9 4.1 46.6

.. 0.0 0.0 0.0 0.0 0.0 51.3 4.9 3.9 39.9

.. 3.9 0.0 0.0 0.0 0.0 54.1 4.0 3.3 34.6

127 CAPE VERDE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0.0 2.6 0.0 2.9 .. 0.0 0.0 0.0 0.0 .. 0.0 1.9 0.0 0.0 .. 0.0 1.9 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.7 0.0 0.0 .. 0.0 0.7 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 8.2 0.0 0.4 0.0 .. 0.8 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION .. 7.7 4.4 40.0 80.9 59.7 .. 10.7 13.3 38.7 .. -0.2 -1.1 -1.3 1.0 .. 0.0 0.7 0.0 0.0 .. -8.2 0.0 -0.4 0.0 2.3 -1.5 .. 2.9 -5.0 0.7 21.7 .. 2.4 -3.5 9. AVERAGE TERMS OF NEW COMMITMENTS

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

15.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21.0 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

-0.2 10.7 0.3 0.0 0.0 -7.0 -4.2

33.5 48.8 -0.3 0.0 -21.0 -4.1 10.1

52.8 29.5 -0.3 0.0 0.0 17.6 6.1

66.6 30.5 0.1 0.0 0.0 23.2 12.9

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

1.5 42.6 9.1 73.0

0.8 50.1 10.6 83.5

1.2 21.6 5.4 47.5

0.8 34.7 9.2 72.4

3.1 28.7 5.8 50.2

2.7 20.5 4.8 45.9

0.9 40.1 9.6 76.3

0.8 39.8 10.3 80.7

.. .. .. ..

.. .. .. ..

1.5 42.6 9.1 73.0

0.8 50.1 10.6 83.5

1.2 21.6 5.4 47.5

0.8 34.7 9.2 72.4

0.8 45.9 9.3 80.1

1.3 26.1 6.1 60.1

0.9 42.9 10.3 80.2

0.8 39.8 10.3 80.7

.. .. .. ..

.. .. .. ..

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

5.5 10.6 2.2 18.6

5.5 8.5 2.2 16.0

1.0 7.0 2.0 30.6

0.0 0.0 0.0 0.0

.. .. 36 10 93 62 15 .. .. 36 10 93 62 8 .. .. 0 0 0 0 7 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

51 35 16

27 25 2

16 16 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

34.5 24.6 5.8

25.0 24.1 5.7

16.6 23.2 5.4

12.7 21.7 5.0

9.2 22.3 4.6

5.6 22.5 4.2

4.2 20.7 3.8

2.3 19.4 3.4

1.4 13.8 3.0

0.9 13.1 2.8

27.9 18.8 4.9

21.8 19.0 4.9

16.3 18.1 4.8

12.5 17.9 4.5

9.2 18.5 4.3

5.6 18.9 4.0

4.2 17.4 3.6

2.3 17.3 3.3

1.4 13.4 3.0

0.9 13.1 2.8

2.1 7.8 1.4

2.9 8.8 1.3

2.0 8.8 1.2

1.4 8.4 1.0

0.9 8.1 0.9

0.4 8.1 0.7

0.3 5.8 0.5

0.2 5.8 0.4

0.0 2.0 0.3

0.0 1.6 0.2

25.8 11.0 3.5

18.9 10.2 3.6

14.2 9.3 3.6

11.1 9.5 3.5

8.3 10.4 3.4

5.1 10.8 3.3

4.0 11.6 3.1

2.1 11.5 2.9

1.4 11.4 2.8

0.9 11.5 2.6

6.6 5.9 0.9

3.2 5.1 0.8

0.4 5.1 0.6

0.2 3.8 0.5

0.0 3.8 0.4

0.0 3.6 0.2

0.0 3.3 0.1

0.0 2.1 0.1

0.0 0.5 0.0

0.0 0.0 0.0

1.4 0.5 0.0

0.9 0.5 0.0

0.4 0.5 0.0

0.2 0.5 0.0

0.0 0.5 0.0

0.0 0.3 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

5.2 5.3 0.8

2.2 4.6 0.7

0.0 4.6 0.6

0.0 3.3 0.4

0.0 3.3 0.3

0.0 3.3 0.2

0.0 3.3 0.1

0.0 2.1 0.1

0.0 0.5 0.0

0.0 0.0 0.0

128 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

24 24 24 0 0 0 0 0 0 0 0 0 0

195 147 147 0 24 25 11 2 9 44 17 27 0

699 624 624 0 37 38 15 13 2 23 20 4 63

883 802 802 0 19 63 45 44 1 95 81 14 35

919 841 841 0 18 60 44 43 1 96 85 11 48

909 826 826 0 23 60 23 22 1 84 72 13 37

858 796 796 0 21 41 25 24 1 96 84 13 39

822 757 757 0 31 34 25 24 1 96 83 13 36

1,065 980 980 0 33 52 43 40 3 130 104 26 45

1,328 917 917 0 36 374 363 356 7 776 746 30 47

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2 2 0 2 2 0 -1 0 1 1 0 0 -1 3 3 0 0

40 25 15 7 1 6 31 -2 3 0 1 2 28 10 1 7 2

121 113 8 17 8 10 107 3 12 9 1 2 95 29 17 11 2

6 6 0 12 4 7 -3 2 4 2 1 1 -8 16 7 8 1

15 3 11 25 12 13 -13 -2 8 7 0 1 -21 33 19 13 1

17 5 11 12 7 5 25 21 7 5 0 2 19 19 12 5 2

16 16 0 8 7 1 -14 -22 6 4 0 1 -20 14 12 1 1

11 0 10 9 9 0 -5 -6 4 4 0 0 -9 13 13 0 0

1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0

0 0 0 0 0 0 3 3 0 0 0 0 2 1 0 0 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

7 -1 1 0 6 8 7 0

85 24 5 0 56 34 81 4

192 105 1 0 86 56 192 0

76 2 0 0 73 26 75 0

101 -9 8 0 102 26 93 8

81 -2 4 0 79 38 78 3

65 9 1 0 56 22 64 1

55 -9 5 0 59 22 50 5

52 0 6 0 45 21 46 6

37 0 4 0 33 24 33 4

6 1 0 7 0

85 0 0 80 4

181 9 2 184 -3

73 2 0 73 0

95 7 0 87 8

77 5 0 73 3

61 4 0 60 1

51 4 0 46 5

52 0 0 46 6

37 0 0 33 4

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

186 .. 0 .. 1 ..

800 205 0 329 62 -43

1,028 .. 0 .. 149 ..

1,038 .. 0 .. 140 ..

942 .. 0 .. 136 ..

965 .. 0 .. 122 ..

1,039 .. 0 .. 127 ..

1,194 .. 0 .. 137 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 12.9 .. .. 0.4 5.8 .. 0.4 62.4 0.9

94.8 24.3 4.9 1.6 0.4 31.7 2.2 12.6 30.1 27.4

.. 89.3 .. .. 0.8 16.2 .. 6.5 81.1 67.7

.. 87.6 .. .. 0.6 15.3 .. 6.6 81.5 66.9

.. 91.1 .. .. 0.6 15.9 .. 4.7 83.3 68.0

.. 85.2 .. .. 0.4 14.8 .. 4.2 82.5 67.0

.. 102.5 .. .. 0.1 11.9 .. 4.9 69.9 54.9

.. 111.2 .. .. 0.0 10.3 .. 28.2 62.6 50.1

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

3. MAJOR ECONOMIC AGGREGATES 1,465 220 0 432 123 -89

987 .. 0 .. 182 ..

4. DEBT INDICATORS 317.0 47.7 13.2 5.3 0.8 17.6 3.4 5.4 73.1 65.2

.. 89.4 .. .. 0.4 20.6 .. 7.1 82.0 68.5

129 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

24 24 18 0 0 18 15 6 0 0 6 0 0 0

147 147 98 53 42 45 17 48 0 0 48 0 0 0

624 624 603 456 429 147 81 22 0 0 22 0 0 0

0 0

0 29

2 2 1 0 0 1 1 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

802 802 788 605 591 183 133 14 0 0 14 0 0 0

841 841 808 622 608 185 137 33 0 0 33 0 0 0

826 826 793 608 596 185 145 33 0 0 33 0 0 0

796 796 763 583 572 180 143 33 0 0 33 0 0 0

757 757 724 550 540 174 138 33 0 0 33 0 0 0

980 980 946 585 573 361 172 34 0 0 34 0 0 0

917 917 883 665 653 218 178 34 0 0 34 0 0 0

0 265

0 403

0 413

0 403

0 391

0 372

0 399

0 453

25 25 25 14 14 11 6 0 0 0 0 0 0 0

113 113 113 95 94 18 16 0 0 0 0 0 0 0

6 6 6 6 5 0 0 0 0 0 0 0 0 0

3 3 3 3 3 0 0 0 0 0 0 0 0 0

5 5 5 5 5 0 0 0 0 0 0 0 0 0

16 16 16 16 16 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

1 1 1 1 1 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 10

0 70

0 5

0 0

0 3

0 13

0 0

0 1

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 1 0 0 1 0 1 0 0 1 0 0 0

1 1 0 0 0 0 0 1 0 0 1 0 0 0

8 8 7 3 2 4 1 1 0 0 1 0 0 0

4 4 4 4 4 0 0 0 0 0 0 0 0 0

12 12 12 12 10 0 0 0 0 0 0 0 0 0

7 7 7 6 5 1 1 0 0 0 0 0 0 0

7 7 7 7 7 1 0 0 0 0 0 0 0 0

9 9 9 7 7 2 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 1

0 4

0 4

0 6

0 6

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-1 -1 0 0 0 0 0 -1 0 0 -1 0 0 0

24 24 25 14 13 11 6 -1 0 0 -1 0 0 0

105 105 106 92 92 14 15 -1 0 0 -1 0 0 0

2 2 2 2 1 0 0 0 0 0 0 0 0 0

-9 -9 -9 -9 -7 0 0 0 0 0 0 0 0 0

-2 -2 -1 -1 0 -1 -1 0 0 0 0 0 0 0

9 9 9 9 9 -1 0 0 0 0 0 0 0 0

-9 -9 -9 -7 -7 -2 -2 0 0 0 0 0 0 0

0 0 0 0 1 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 10

0 70

0 3

0 -3

0 -1

0 7

0 -6

0 1

0 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

130 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1 1 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

9 9 8 5 3 3 2 1 0 0 1 0 0 0

2 2 2 2 2 0 0 0 0 0 0 0 0 0

7 7 7 6 5 0 0 0 0 0 0 0 0 0

5 5 5 4 3 1 1 0 0 0 0 0 0 0

4 4 4 3 3 1 1 0 0 0 0 0 0 0

4 4 4 3 3 1 1 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 2

0 2

0 4

0 3

0 3

0 3

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-1 -1 0 0 0 0 0 -2 0 0 -2 0 0 0

24 24 25 13 13 11 5 -1 0 0 -1 0 0 0

96 96 98 87 89 11 13 -1 0 0 -1 0 0 0

0 0 0 0 -1 0 0 0 0 0 0 0 0 0

-16 -16 -16 -15 -12 0 0 0 0 0 0 0 0 0

-6 -6 -6 -4 -3 -2 -2 0 0 0 0 0 0 0

4 4 4 6 6 -1 -1 0 0 0 0 0 0 0

-12 -12 -12 -9 -9 -3 -3 0 0 0 0 0 0 0

0 0 0 0 1 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 10

0 68

0 1

0 -7

0 -4

0 4

0 -8

0 1

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 1 0 0 1 1 2 0 0 2 0 0 0

1 1 0 0 0 0 0 1 0 0 1 0 0 0

17 17 15 8 5 7 3 1 0 0 1 0 0 0

7 7 7 7 6 0 0 0 0 0 0 0 0 0

19 19 19 19 15 0 0 0 0 0 0 0 0 0

12 12 11 10 8 2 2 0 0 0 0 0 0 0

12 12 12 10 10 1 1 0 0 0 0 0 0 0

13 13 13 10 10 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 2

0 3

0 8

0 7

0 9

0 9

0 0

0 0

13 11 2

61 61 0

236 236 0

66 66 0

46 46 0

17 17 0

20 20 0

30 30 0

31 31 0

27 27 0

15 0 24 0

59 3 147 0

511 0 624 0

724 5 800 1

745 5 840 1

741 5 825 1

714 5 795 1

678 4 756 1

745 13 979 1

832 16 916 1

.. 0.2 4.0 0.7 0.1 2.2 61.2 16.6 7.7 7.4

5.2 .. .. 0.6 0.1 2.1 61.9 16.1 7.7 6.3

5.2 .. .. 0.5 0.1 2.1 51.1 14.2 5.4 21.4

6.8 .. .. 0.6 0.1 2.6 59.4 17.1 7.4 6.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 19.7 40.0 0.0 0.5 0.0 1.8 0.0 0.0 38.0

.. 1.2 16.9 0.0 0.7 7.5 35.8 7.5 0.0 30.4

.. 0.7 11.0 0.7 0.1 2.6 43.6 21.5 7.6 12.2

.. 0.3 4.8 0.6 0.0 2.4 58.7 17.5 7.1 8.5

.. 0.3 4.4 0.6 0.0 2.5 59.6 17.5 7.3 7.8

.. 0.2 4.1 0.7 0.1 2.3 60.2 17.4 7.5 7.5

131 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

31 0 23 23 0 7 7 0 0 0 0 0

3 0 2 2 0 1 1 0 0 0 0 0

2 0 1 1 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

-10 25 -21 7 0 -18 -3

-51 -14 3 1 0 -34 -7

-36 -5 0 0 0 -19 -12

243 0 17 0 0 46 179

263 3 320 0 0 79 -139

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -1 .. .. .. .. ..

.. 4 0 9 .. 0 0 0 .. 3 0 6 .. 3 0 6 .. 0 0 0 .. 0 0 3 .. 0 0 3 .. 0 0 0 .. 153 0 2 .. 4 0 2 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 5 -50 36 .. 31 107 -3 -13 .. -2 6 -1 .. 0 0 3 0 -2 .. -153 -31 .. 38 -95 43 79 .. 15 9. AVERAGE TERMS OF NEW COMMITMENTS

2.0 35.8 7.9 62.8

0.6 12.5 4.3 39.0

1.0 37.6 10.2 77.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 39.8 10.3 80.6

0.8 39.5 10.0 80.3

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

1.0 47.5 9.9 79.6

0.6 12.5 4.3 39.0

1.0 37.6 10.2 77.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 39.8 10.3 80.6

0.8 39.5 10.0 80.3

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

4.6 8.0 3.3 23.0

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 0.0

0.0 0.0 0.0 0.0

7 38 175 0 0 0 28 5 38 175 0 0 0 28 2 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

17 17 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1 35 9

3 30 8

4 30 7

4 20 7

4 21 6

3 23 6

3 24 6

2 27 6

2 27 5

1 28 5

1 31 9

3 30 8

4 30 7

4 20 7

4 21 6

3 23 6

3 24 6

2 27 6

2 27 5

1 28 5

0 17 4

0 15 3

0 16 3

0 5 2

0 5 2

0 5 2

0 5 2

0 5 2

0 4 2

0 4 1

1 14 5

3 14 5

4 15 5

4 16 4

4 16 4

3 17 4

3 19 4

2 22 4

2 23 4

1 23 4

0 4 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 4 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

132 CHAD (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

35 32 32 0 2 0 0 0 0 2 0 2 0

284 259 259 0 14 11 6 4 2 31 12 20 0

528 468 468 0 30 30 6 4 2 16 14 3 52

1,027 939 939 0 61 27 8 8 0 32 32 0 77

1,096 1,008 1,008 0 64 23 9 9 0 42 40 2 22

1,145 1,048 1,048 0 69 28 12 12 0 49 47 2 20

1,119 1,012 1,012 0 78 29 14 14 0 57 54 3 18

1,108 995 995 0 89 23 10 10 0 51 49 3 17

1,285 1,153 1,153 0 107 26 12 12 1 62 58 3 21

1,499 1,371 1,371 0 106 23 14 13 1 60 57 3 19

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

10 6 4 3 3 0 7 0 0 0 0 0 7 3 3 0 0

5 5 0 5 3 3 -8 -8 1 0 1 0 -9 6 3 3 0

112 104 8 7 3 4 107 2 5 3 0 2 102 12 6 4 2

92 80 11 24 12 11 77 9 12 10 1 1 65 35 22 12 1

54 43 11 23 12 11 27 -5 12 11 1 1 15 35 22 12 1

98 86 11 21 16 5 78 2 11 10 0 1 67 32 27 5 1

47 33 14 16 15 1 29 -2 10 9 0 1 19 26 24 1 1

65 48 17 17 16 1 46 -2 6 5 0 1 40 23 21 2 1

115 98 17 16 11 5 100 1 10 9 0 0 90 25 20 5 0

139 132 7 34 20 13 101 -4 13 12 1 0 88 46 32 14 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

15 3 1 0 11 10 13 3

24 3 0 0 22 12 24 0

256 100 9 0 147 58 248 9

219 68 44 0 107 46 175 44

137 31 22 0 83 44 114 22

156 70 25 0 61 40 132 24

195 18 116 0 61 32 79 115

580 33 453 0 94 29 127 452

1,216 87 1,030 0 100 34 187 1,029

1,060 111 837 0 112 42 223 837

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

15 0 0 12 2

24 0 0 24 0

253 3 0 244 9

209 10 0 165 44

126 11 0 103 22

146 10 0 123 24

186 9 0 71 115

574 5 0 122 452

1,207 9 0 178 1,029

1,048 12 0 211 837

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

470 .. 0 .. 2 ..

1,038 71 0 83 12 12

1,726 .. 0 .. 123 ..

1,520 .. 0 .. 98 ..

1,371 .. 0 .. 114 ..

1,646 .. 0 .. 125 ..

1,977 .. 0 .. 223 ..

2,335 .. 0 .. 192 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 7.5 .. .. 0.1 6.6 .. 0.6 68.5 4.4

398.3 27.4 8.4 0.8 0.1 4.1 1.7 4.0 60.2 26.2

.. 63.5 .. .. 0.7 11.3 .. 2.1 80.0 74.6

.. 75.3 .. .. 0.7 8.6 .. 2.5 81.3 75.9

.. 81.7 .. .. 0.7 10.2 .. 2.6 81.0 75.4

.. 67.3 .. .. 0.4 11.3 .. 2.1 81.1 76.3

.. 65.0 .. .. 0.5 17.3 .. 2.0 82.1 78.0

.. 64.2 .. .. 0.5 12.8 .. 1.5 83.2 81.7

3. MAJOR ECONOMIC AGGREGATES 1,721 274 0 511 132 -46

1,479 .. 0 .. 139 ..

4. DEBT INDICATORS 192.7 30.7 4.4 1.9 0.3 25.0 3.1 5.6 76.9 63.6

.. 69.5 .. .. 0.8 13.5 .. 2.6 78.6 73.2

133 CHAD (US$ million, unless otherwise indicated) 1970

1980

1990

32 32 25 2 2 23 23 8 0 1 7 0 0 0

259 259 205 75 75 131 97 54 0 0 53 0 0 0

468 468 459 336 327 123 80 9 0 0 9 0 0 0

0 0

0 36

6 6 3 0 0 2 2 3 0 0 3 0 0 0

1997

1998

1999

2000

2001

2002

2003

939 939 922 752 713 170 94 17 0 0 17 0 0 0

1,008 1,008 991 818 781 174 95 17 0 0 17 0 0 0

1,048 1,048 1,033 869 838 163 93 16 0 0 16 0 0 0

1,012 1,012 997 843 818 154 89 15 0 0 15 0 0 0

995 995 982 845 812 137 87 14 0 0 14 0 0 0

1,153 1,153 1,140 1,003 968 137 88 13 0 0 13 0 0 0

1,371 1,371 1,357 1,225 1,167 133 81 13 0 0 13 0 0 0

0 186

0 457

0 488

0 527

0 515

9 516

9 623

31 773

5 5 5 5 5 0 0 0 0 0 0 0 0 0

104 104 104 72 70 32 25 0 0 0 0 0 0 0

80 80 80 74 74 6 6 0 0 0 0 0 0 0

43 43 43 43 43 0 0 0 0 0 0 0 0 0

86 86 86 83 83 3 3 0 0 0 0 0 0 0

33 33 33 33 33 0 0 0 0 0 0 0 0 0

48 48 48 48 39 0 0 0 0 0 0 0 0 0

98 98 98 98 97 0 0 0 0 0 0 0 0 0

132 132 132 132 110 0 0 0 0 0 0 0 0 0

0 0

0 0

0 48

0 49

0 18

0 53

0 18

9 26

0 72

22 94

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 1 0 0 1 1 1 0 0 1 0 0 0

3 3 3 2 2 1 1 0 0 0 0 0 0 0

3 3 3 3 2 0 0 1 0 0 1 0 0 0

12 12 12 10 6 3 0 0 0 0 0 0 0 0

12 12 12 11 6 1 0 0 0 0 0 0 0 0

16 16 15 12 10 3 2 1 0 0 1 0 0 0

15 15 15 11 9 4 3 1 0 0 1 0 0 0

16 16 15 9 8 6 6 0 0 0 0 0 0 0

11 11 10 7 6 4 2 1 0 0 1 0 0 0

20 20 20 11 7 10 6 0 0 0 0 0 0 0

0 0

0 0

0 1

0 2

0 3

0 5

0 4

0 5

0 2

0 2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 1 0 0 1 1 2 0 0 2 0 0 0

3 3 3 3 3 -1 -1 0 0 0 0 0 0 0

100 100 101 69 68 32 25 -1 0 0 -1 0 0 0

68 68 68 64 68 4 6 0 0 0 0 0 0 0

31 31 31 32 36 -1 0 0 0 0 0 0 0 0

70 70 71 71 73 0 1 -1 0 0 -1 0 0 0

18 18 18 22 24 -4 -3 -1 0 0 -1 0 0 0

33 33 33 39 32 -6 -6 0 0 0 0 0 0 0

87 87 87 91 92 -4 -2 -1 0 0 -1 0 0 0

111 111 111 121 103 -10 -6 0 0 0 0 0 0 0

0 0

0 0

0 48

0 47

0 15

0 48

0 13

9 20

0 70

22 92

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

134 CHAD (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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 3 3 2 2 1 1 0 0 0 0 0 0 0

10 10 10 7 5 3 0 0 0 0 0 0 0 0

11 11 11 8 6 3 0 0 0 0 0 0 0 0

10 10 10 7 6 3 0 0 0 0 0 0 0 0

9 9 9 6 5 3 0 0 0 0 0 0 0 0

5 5 5 5 4 0 0 0 0 0 0 0 0 0

9 9 9 8 7 1 1 0 0 0 0 0 0 0

12 12 12 9 8 3 1 0 0 0 0 0 0 0

0 0

0 0

0 1

0 3

0 3

0 3

0 3

1 4

0 3

0 4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 1 0 0 1 0 2 0 0 2 0 0 0

2 2 2 3 3 -1 -1 0 0 0 0 0 0 0

97 97 98 67 66 31 24 -1 0 0 -1 0 0 0

58 58 58 58 63 0 6 0 0 0 0 0 0 0

20 20 20 24 31 -4 0 0 0 0 0 0 0 0

60 60 61 64 67 -3 1 -2 0 0 -2 0 0 0

9 9 10 16 19 -7 -4 -1 0 0 -1 0 0 0

27 27 28 34 28 -7 -7 -1 0 0 -1 0 0 0

78 78 79 83 85 -4 -3 -1 0 0 -1 0 0 0

100 100 100 112 95 -12 -7 0 0 0 0 0 0 0

0 0

0 0

0 46

0 43

0 11

0 45

0 10

9 16

0 67

21 88

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 2 0 0 2 2 1 0 0 1 0 0 0

3 3 3 2 2 1 1 0 0 0 0 0 0 0

6 6 6 5 4 1 1 1 0 0 1 0 0 0

22 22 22 16 11 6 0 0 0 0 0 0 0 0

22 22 22 19 12 4 0 0 0 0 0 0 0 0

27 27 25 19 16 6 2 2 0 0 2 0 0 0

24 24 23 17 14 7 4 1 0 0 1 0 0 0

21 21 21 14 11 7 7 1 0 0 1 0 0 0

20 20 19 14 13 4 3 1 0 0 1 0 0 0

32 32 32 20 15 12 7 0 0 0 0 0 0 0

0 0

0 0

0 2

0 5

0 7

0 8

0 8

1 9

0 5

0 7

18 11 7

94 76 18

375 375 0

293 293 0

294 294 0

199 199 0

324 324 0

401 401 0

429 429 0

476 476 0

24 0 32 0

171 0 259 0

407 0 468 0

807 0 939 0

876 0 1,008 0

931 0 1,048 0

907 0 1,012 0

899 9 995 0

1,055 9 1,153 0

1,248 31 1,371 0

.. 0.0 4.5 0.0 0.0 0.0 58.0 21.8 0.2 15.4

4.9 .. .. 0.0 0.0 0.0 59.3 21.4 0.1 14.2

4.5 .. .. 0.0 0.0 0.0 60.7 20.5 0.1 14.2

4.2 .. .. 0.0 0.0 0.0 63.3 19.0 0.1 13.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 10.7 35.2 0.0 1.2 0.0 4.1 3.7 0.0 45.0

.. 2.7 14.5 0.0 0.2 0.0 18.9 9.6 0.0 54.1

.. 1.5 9.0 0.0 0.1 0.0 48.6 25.5 0.0 15.4

.. 0.0 5.6 0.0 0.0 0.0 56.5 23.2 0.2 14.5

.. 0.0 5.7 0.0 0.0 0.0 55.6 23.5 0.2 15.0

.. 0.0 4.8 0.0 0.0 0.0 57.1 22.4 0.2 15.5

135 CHAD (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

5 0 3 3 0 2 2 0 14 7 0 0

1 0 1 1 0 0 0 0 12 4 0 0

0 0 0 0 0 0 0 0 10 3 0 0

50 78 3 0 0 -24 -7

-26 29 2 0 0 -43 -15

-12 46 -4 2 -14 -24 -18

178 100 2 0 -12 62 26

214 101 1 0 -10 92 30

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 7 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. 8 10 3 .. 0 0 0 .. 3 7 2 .. 2 7 2 .. 1 0 0 .. 1 1 1 .. 1 1 1 .. 0 0 0 .. 12 2 2 .. 0 1 1 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 126 28 69 -8 107 77 27 .. -1 -1 1 .. 1 1 1 .. -12 -2 -2 .. 8 -130 -76 .. 22 83 117 9. AVERAGE TERMS OF NEW COMMITMENTS

5.7 8.3 1.0 14.3

0.0 0.0 0.0 0.0

1.7 30.3 9.2 66.4

0.7 47.3 10.4 83.2

0.4 39.8 7.3 80.8

1.0 40.4 9.7 77.7

0.7 40.5 10.1 80.7

2.2 32.2 8.8 63.7

1.1 34.9 8.9 73.6

1.2 37.7 9.4 74.3

3.7 10.1 1.8 25.5

0.0 0.0 0.0 0.0

1.7 30.3 9.2 66.4

0.7 47.3 10.4 83.2

0.4 39.8 7.3 80.8

1.0 40.4 9.7 77.7

0.7 40.5 10.1 80.7

2.2 32.2 8.8 63.7

1.1 34.9 8.9 73.6

1.2 37.7 9.4 74.3

6.3 7.8 0.7 11.1

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

0.0 0.0 0.0 0.0

10 0 85 75 32 67 178 2 0 85 75 32 67 178 8 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

152 152 0

102 102 0

143 143 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

85 35 16

107 38 17

86 41 17

65 45 16

50 45 16

34 46 15

23 51 15

14 53 14

8 55 13

2 54 13

85 34 16

107 37 17

86 40 16

65 43 16

50 43 16

34 45 15

23 50 15

14 53 14

8 55 13

2 54 13

0 10 4

0 10 4

0 8 4

0 8 4

0 8 3

0 8 3

0 7 3

0 7 2

0 7 2

0 6 2

85 23 12

107 27 12

86 32 13

65 35 13

50 35 12

34 37 12

23 43 12

14 46 12

8 48 11

2 48 11

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 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 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 0 0

0 0 0

0 0 0

136 CHILE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2,977 2,567 2,066 501 1 409 0 0 0 0 0 0 0

12,081 9,398 4,705 4,693 123 2,560 0 0 0 0 0 0 0

19,226 14,687 10,425 4,263 1,156 3,382 0 0 0 0 0 0 2,062

27,044 21,522 4,367 17,155 0 5,522 0 0 0 0 0 0 1,876

33,695 28,565 5,005 23,560 0 5,130 0 0 0 0 0 0 1,100

34,815 30,498 5,655 24,843 0 4,317 0 0 0 0 0 0 1,059

37,289 31,117 5,255 25,861 0 6,172 0 0 0 0 0 0 867

38,631 33,341 5,581 27,760 0 5,290 0 0 0 0 0 0 752

41,219 35,396 6,800 28,596 0 5,823 0 0 0 0 0 0 718

43,231 35,727 8,053 27,674 0 7,504 0 0 0 0 0 0 836

655 655 0 254 207 47 400 0 104 104 0 0 296 359 311 47 0

3,551 3,551 0 1,513 1,462 52 2,963 925 1,193 918 12 262 1,771 2,706 2,380 64 262

2,253 2,253 0 980 771 208 1,682 409 1,792 1,364 118 310 -110 2,772 2,135 326 310

6,217 6,217 0 2,857 2,857 0 1,837 -1,523 1,134 1,070 0 64 703 3,991 3,927 0 64

6,784 6,784 0 2,345 2,345 0 4,047 -392 1,418 1,326 0 92 2,630 3,762 3,671 0 92

5,879 5,879 0 3,351 3,351 0 1,716 -813 1,578 1,501 0 76 138 4,928 4,852 0 76

4,979 4,979 0 3,941 3,941 0 2,893 1,855 2,236 2,082 0 154 657 6,177 6,023 0 154

6,024 6,024 0 4,684 4,684 0 458 -882 1,964 1,809 0 154 -1,506 6,648 6,494 0 154

7,092 7,092 0 6,011 6,011 0 1,614 533 1,718 1,592 0 126 -104 7,729 7,603 0 126

7,009 7,009 0 6,549 6,549 0 2,141 1,681 1,889 1,689 0 200 252 8,438 8,239 0 200

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

381 448 -79 0 12 19 67 314

2,312 2,090 213 0 9 37 -136 2,447

2,583 1,481 661 367 73 66 367 2,216

10,388 3,360 5,271 1,720 36 78 -338 10,726

9,674 4,439 4,628 580 26 73 -61 9,735

11,829 2,529 8,761 524 15 63 -68 11,897

5,489 1,038 4,860 -427 18 56 -101 5,590

5,346 1,340 4,200 -217 23 58 -97 5,443

2,671 1,081 1,888 -320 23 49 -288 2,960

3,776 460 2,982 312 23 60 -67 3,844

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

277 104 0 28 249

1,307 918 86 -216 1,523

832 1,364 387 -16 848

7,132 1,070 2,185 -498 7,631

6,947 1,326 1,401 -180 7,126

8,860 1,501 1,467 -200 9,060

868 2,082 2,539 -239 1,108

1,286 1,809 2,250 -218 1,504

-1,368 1,592 2,447 -390 -978

-923 1,689 3,010 -144 -780

8,513 .. 0 .. 392 ..

26,544 6,276 0 8,360 4,128 -1,971

71,152 21,944 0 22,487 14,971 99

72,699 24,891 13 26,346 15,055 -898

63,693 23,868 12 25,395 14,399 -1,100

64,830 23,555 12 24,870 15,344 -885

69,135 26,964 13 27,996 15,843 -594

.. 35.0 .. .. 1.2 13.2 .. 13.7 22.8 5.9

192.5 45.5 43.1 19.0 4.5 34.2 5.9 21.2 5.6 2.9

158.7 48.9 22.5 7.2 2.2 43.0 8.0 12.4 1.1 4.3

149.8 51.3 24.8 9.0 3.1 40.4 6.9 16.6 1.0 3.8

161.8 60.7 27.9 8.2 3.1 37.3 6.8 13.7 0.9 3.4

175.0 63.6 32.8 7.3 2.6 37.2 7.4 14.1 0.8 2.6

160.3 62.5 31.3 7.0 2.7 36.6 6.8 17.4 0.8 2.4

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

28,564 10,705 0 11,387 6,784 -485

72,548 22,932 0 27,112 18,112 -3,660

71,088 21,471 0 25,852 16,221 -3,918

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

179.6 67.3 25.9 16.7 6.3 35.3 7.1 17.6 1.9 21.5

117.9 37.3 17.4 4.9 1.6 67.0 8.0 20.4 1.3 5.9

156.9 47.4 17.5 6.6 2.0 48.1 7.5 15.2 1.2 4.5

137 CHILE (US$ million, unless otherwise indicated) 1970

1980

1990

2,567 2,066 1,179 176 20 1,003 658 887 60 291 536 501 0 501

9,398 4,705 1,360 351 50 1,009 628 3,345 106 2,420 818 4,693 0 4,693

14,687 10,425 5,182 4,143 33 1,039 334 5,242 39 4,747 457 4,263 0 4,263

111 19

163 21

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

655 407 130 34 0 97 44 277 0 119 158 247 0 247

1997

1998

1999

2000

2001

2002

2003

21,522 4,367 2,163 1,587 19 576 331 2,205 0 2,132 73 17,155 3,764 13,391

28,565 5,005 2,151 1,533 17 619 383 2,854 0 2,784 70 23,560 4,466 19,094

30,498 5,655 2,095 1,497 21 598 377 3,559 0 3,490 69 24,843 5,677 19,167

31,117 5,255 1,915 1,406 13 509 348 3,341 0 3,273 68 25,861 6,339 19,522

33,341 5,581 1,746 1,317 11 429 318 3,835 650 3,182 4 27,760 7,173 20,587

35,396 6,800 1,477 1,088 9 389 300 5,323 2,390 2,906 27 28,596 7,174 21,422

35,727 8,053 1,437 1,049 10 388 319 6,615 4,254 2,335 26 27,674 7,752 19,923

1,860 14

980 9

945 9

877 8

808 7

727 7

556 6

422 5

3,551 857 62 46 3 15 3 796 55 568 172 2,694 0 2,694

2,253 708 650 583 0 67 0 58 0 37 20 1,545 0 1,545

6,217 685 167 108 0 59 59 519 0 458 60 5,532 1,050 4,482

6,784 1,029 149 94 0 55 55 880 0 880 0 5,755 863 4,892

5,879 1,092 164 137 0 27 27 927 0 927 0 4,788 873 3,914

4,979 382 161 113 0 47 17 221 0 221 0 4,597 672 3,925

6,024 1,295 122 108 0 14 14 1,174 650 524 0 4,729 1,281 3,448

7,092 2,404 126 126 0 1 1 2,277 1,708 544 25 4,688 0 4,688

7,009 2,248 156 141 0 15 8 2,092 1,800 292 0 4,761 2,070 2,691

27 0

14 0

251 0

85 0

70 0

43 0

48 0

39 0

30 0

37 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

207 166 75 15 0 61 21 90 5 32 54 41 0 41

1,462 891 206 15 0 191 69 685 3 464 217 571 0 571

771 500 356 263 2 93 32 144 7 32 105 271 0 271

2,857 995 541 476 2 64 26 454 0 447 7 1,862 11 1,851

2,345 441 236 173 2 63 30 205 0 201 3 1,904 161 1,743

3,351 469 247 177 2 71 33 221 0 221 1 2,882 11 2,871

3,941 760 280 177 2 103 34 480 0 479 1 3,181 0 3,181

4,684 931 242 178 2 64 31 688 0 624 64 3,754 404 3,350

6,011 1,270 438 376 2 62 30 832 0 831 1 4,741 94 4,647

6,549 1,117 246 199 3 47 13 870 0 869 1 5,433 542 4,891

10 0

9 0

119 1

109 1

105 1

111 1

115 1

119 1

202 1

173 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

448 242 55 19 0 36 23 187 -5 87 105 206 0 206

2,090 -34 -145 31 3 -176 -66 111 52 104 -45 2,123 0 2,123

1,481 208 294 319 -2 -25 -32 -86 -7 5 -85 1,274 0 1,274

3,360 -309 -374 -369 -2 -5 33 65 0 11 53 3,669 1,039 2,630

4,439 588 -87 -79 -2 -9 24 675 0 679 -3 3,851 702 3,149

2,529 623 -83 -39 -2 -44 -6 706 0 707 -1 1,906 862 1,044

1,038 -378 -119 -64 -2 -56 -16 -259 0 -258 -1 1,416 672 744

1,340 365 -121 -71 -2 -50 -17 485 650 -101 -64 976 877 99

1,081 1,134 -311 -251 -2 -61 -29 1,445 1,708 -287 24 -53 -94 41

460 1,131 -90 -58 -3 -32 -5 1,222 1,800 -577 -1 -672 1,528 -2,200

18 0

5 0

132 -1

-25 -1

-35 -1

-67 -1

-67 -1

-80 -1

-172 -1

-135 -1

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

138 CHILE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

104 78 40 9 0 31 12 39 2 19 17 26 0 26

918 483 80 26 1 54 22 403 5 325 73 435 0 435

1,364 1,112 384 313 1 71 9 729 2 688 39 252 0 252

1,070 292 161 136 0 24 6 131 0 130 1 778 192 587

1,326 254 119 99 0 21 6 135 0 130 4 1,072 267 806

1,501 311 132 109 0 23 8 180 0 175 4 1,190 321 869

2,082 377 139 112 0 27 9 239 0 234 5 1,704 440 1,265

1,809 299 121 105 0 16 6 178 0 175 3 1,510 499 1,011

1,592 213 101 88 0 14 6 112 0 112 0 1,379 552 826

1,689 364 76 65 0 12 6 287 192 95 1 1,326 540 786

6 0

16 0

130 0

68 0

58 0

70 0

70 0

63 0

50 0

35 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

343 163 15 10 0 5 11 148 -7 68 87 180 0 180

1,171 -517 -225 5 2 -230 -88 -292 47 -221 -118 1,688 0 1,688

118 -904 -90 7 -3 -96 -41 -815 -8 -683 -123 1,022 0 1,022

2,290 -601 -535 -505 -2 -30 27 -67 0 -119 52 2,891 847 2,043

3,113 335 -206 -177 -2 -29 19 541 0 548 -8 2,779 435 2,343

1,027 312 -215 -149 -2 -67 -14 527 0 531 -5 716 542 174

-1,044 -755 -258 -176 -2 -82 -25 -498 0 -492 -6 -288 232 -520

-469 66 -241 -175 -2 -66 -24 307 650 -276 -67 -535 378 -913

-511 920 -413 -338 -2 -74 -35 1,333 1,708 -399 24 -1,432 -646 -785

-1,230 768 -167 -123 -3 -44 -11 935 1,608 -672 -2 -1,997 988 -2,985

11 0

-11 0

2 -1

-93 -1

-93 -1

-138 -1

-137 -1

-143 -1

-222 -1

-170 -1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

311 244 115 24 0 91 33 129 7 51 71 67 0 67

2,380 1,374 287 41 1 245 90 1,088 8 789 290 1,006 0 1,006

2,135 1,612 740 576 3 164 41 872 8 720 144 523 0 523

3,927 1,286 701 613 2 89 32 585 0 578 8 2,641 203 2,438

3,671 694 355 271 2 84 36 339 0 332 8 2,976 428 2,549

4,852 780 379 286 2 93 41 401 0 396 5 4,072 332 3,740

6,023 1,137 418 289 2 129 43 719 0 713 6 4,885 440 4,446

6,494 1,230 363 283 2 79 38 867 0 800 67 5,264 903 4,361

7,603 1,483 539 464 2 75 36 944 0 943 1 6,120 646 5,473

8,239 1,480 323 264 3 59 20 1,157 192 964 2 6,759 1,082 5,677

16 0

25 0

249 1

178 1

163 1

181 1

185 1

182 1

252 1

208 1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

469 180 288

432 186 246

1,550 1,364 186

834 568 266

511 214 297

621 481 140

487 298 190

779 639 140

1,441 706 735

1,291 606 684

678 501 1,978 588

678 7,104 4,587 4,811

367 11,124 10,421 4,267

350 20,425 4,367 17,155

400 27,471 4,865 23,700

399 28,686 5,515 24,983

361 29,426 5,175 25,942

329 31,235 5,501 27,840

309 31,741 6,719 28,676

329 30,515 8,026 27,701

1.5 .. .. 3.9 0.2 0.0 89.1 5.3 0.0 0.0

6.0 .. .. 2.8 0.1 0.0 89.0 2.0 0.0 0.0

6.1 .. .. 2.0 0.1 0.0 90.2 1.6 0.0 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 5.6 2.1 0.0 7.4 0.9 75.1 6.7 0.0 2.2

.. 5.9 6.3 1.8 1.0 0.4 74.6 7.0 0.0 3.2

.. 4.7 1.1 8.2 3.4 0.6 40.2 39.4 0.0 2.4

.. 2.0 0.8 7.2 0.4 0.2 54.9 34.2 0.0 0.3

.. 1.9 0.5 6.9 0.3 0.2 79.4 10.6 0.0 0.2

.. 1.3 0.4 6.5 0.3 0.1 83.2 8.1 0.0 0.2

.. 1.2 0.3 5.5 0.2 0.1 85.5 7.0 0.0 0.1

139 CHILE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 4,172 0 0 0 .. 4,168 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 .. 1,100 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 6,651 1,120 .. 1,193 -415 2,963 1,682 1,837 4,047 1,716 .. 0 0 0 0 .. 0 0 0 0 .. -1,100 0 0 0 508 142 382 29 .. 2,222 -625 .. 104 -2,395 9. AVERAGE TERMS OF NEW COMMITMENTS

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

2,474 2,893 0 0 0 -61 -359

1,342 458 0 0 0 -82 966

2,588 1,614 0 0 0 25 949

2,012 2,141 0 0 0 289 -417

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 400 .. .. .. .. ..

6.8 12.4 3.5 15.6

13.9 8.4 3.7 -18.0

7.8 17.9 4.2 12.2

6.2 6.3 3.9 13.7

6.0 5.4 2.6 11.6

6.9 12.3 8.1 18.5

7.0 6.3 3.0 9.8

5.9 12.8 7.0 20.6

4.3 6.5 5.6 21.7

4.5 9.4 8.4 28.8

6.5 21.0 6.7 24.4

8.7 15.1 3.6 6.0

7.7 18.8 4.3 13.1

1.0 17.0 1.5 49.1

0.0 0.0 0.0 0.0

6.6 16.9 4.7 19.8

1.0 17.0 1.5 49.1

6.8 24.6 5.6 22.4

3.6 10.9 3.1 26.3

1.6 19.6 5.3 48.2

6.9 11.1 3.0 14.3

14.4 7.7 3.7 -20.4

9.3 7.6 2.3 1.7

6.3 6.1 3.9 13.3

6.0 5.4 2.6 11.6

7.0 9.9 9.9 17.9

7.0 6.3 3.0 9.7

5.6 7.9 7.6 19.8

4.3 6.0 5.8 21.2

4.6 9.1 8.4 28.4

361 835 1,049 711 907 1,249 324 46 74 967 9 0 431 1 314 761 82 702 907 818 323 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,592 467 1,125

3,177 297 2,880

2,093 51 2,041

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

606 5,278 1,607

375 5,648 1,390

179 5,540 1,220

67 3,454 1,030

30 2,936 822

16 2,222 701

10 1,989 617

5 1,123 513

1 4,701 915

0 2,433 218

186 247 65

196 225 61

100 155 57

61 145 53

30 141 48

16 133 42

10 156 37

5 134 32

1 88 28

0 83 25

22 99 7

17 49 6

11 33 5

7 28 5

4 28 4

2 27 4

1 27 3

1 14 3

1 14 3

0 15 2

164 148 58

179 176 55

89 121 52

55 117 48

27 113 43

14 106 39

9 129 34

4 120 29

1 74 26

0 68 23

420 5,031 1,541

179 5,423 1,330

80 5,386 1,163

5 3,309 978

0 2,795 775

0 2,088 659

0 1,834 580

0 989 481

0 4,614 886

0 2,351 193

420 489 89

179 332 84

80 981 82

5 150 64

0 168 63

0 826 32

0 15 3

0 8 2

0 8 2

0 8 2

0 4,542 1,453

0 5,091 1,246

0 4,405 1,081

0 3,159 914

0 2,627 712

0 1,262 627

0 1,819 577

0 982 479

0 4,606 884

0 2,343 192

140 CHINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed * Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. 0 .. .. .. .. .. .. .. ..

.. .. .. .. 0 .. .. .. .. .. .. .. ..

55,301 45,515 45,515 0 469 9,317 0 0 0 0 0 0 8,076

146,697 115,233 112,821 2,412 0 31,464 0 0 0 0 0 0 31,951

144,007 126,667 99,424 27,243 0 17,340 0 0 0 0 0 0 12,650

152,085 136,905 99,217 37,688 0 15,180 0 0 0 0 0 0 13,117

145,729 132,649 94,860 37,789 0 13,080 0 0 0 0 0 0 12,621

170,130 128,520 91,776 36,744 0 41,610 0 0 0 0 0 0 11,863

168,337 120,452 88,613 31,839 0 47,885 0 0 0 0 0 0 13,381

193,567 120,600 85,570 35,030 0 72,967 0 0 0 0 0 0 15,286

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

9,665 9,665 0 3,809 3,319 490 8,267 2,410 3,248 2,534 65 649 5,018 7,057 5,853 555 649

23,976 23,976 0 11,526 11,526 0 18,506 6,057 6,918 5,553 0 1,365 11,588 18,445 17,080 0 1,365

11,148 11,148 0 11,209 11,209 0 -14,185 -14,124 7,226 5,575 0 1,651 -21,411 18,435 16,784 0 1,651

20,384 20,384 0 19,835 19,835 0 -1,611 -2,160 7,028 5,887 0 1,140 -8,638 26,862 25,722 0 1,140

16,777 16,777 0 19,925 19,925 0 -5,248 -2,100 7,167 5,999 0 1,168 -12,415 27,092 25,924 0 1,168

14,781 14,781 0 16,643 16,643 0 -33 1,828 7,655 6,160 0 1,495 -7,688 24,298 22,803 0 1,495

19,058 19,058 0 24,715 24,715 0 618 6,275 5,908 4,232 0 1,677 -5,290 30,623 28,946 0 1,677

25,485 25,485 0 30,356 30,356 0 13,538 18,409 6,718 4,603 0 2,115 6,821 37,073 34,958 0 2,115

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

10,082 6,346 3,487 0 249 384 1,975 8,107

62,609 12,449 44,237 5,657 266 466 4,581 58,028

44,795 -61 43,751 765 340 512 2,627 42,167

40,289 549 38,753 612 375 560 3,762 36,527

42,468 -3,148 38,399 6,912 305 541 1,825 40,643

43,485 -1,861 44,241 849 256 516 2,412 41,073

46,214 -5,657 49,308 2,249 314 568 -893 47,107

56,695 -4,871 53,505 7,729 332 791 -2,760 59,455

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

7,502 2,534 46 1,444 6,058

43,745 5,553 13,311 2,795 40,949

23,181 5,575 16,039 815 22,366

18,363 5,887 16,039 1,827 16,536

16,271 5,999 20,198 -563 16,833

15,836 6,160 21,489 -163 15,999

24,159 4,232 17,823 -2,561 26,720

34,740 4,603 17,353 -4,364 39,103

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

976,886 229,678 530 213,123 161,414 21,115

1,066,076 292,668 758 277,904 171,763 20,518

1,156,542 309,709 1,209 299,888 220,057 17,401

1,256,055 375,419 2,353 351,302 297,739 35,422

1,409,162 504,441 4,625 472,857 416,199 45,875

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

66.2 15.6 11.7 3.1 0.7 106.1 9.1 10.0 21.6 15.7

49.8 13.7 9.3 2.4 0.7 117.9 7.4 9.0 20.7 17.7

54.9 14.7 7.8 2.5 0.7 129.3 8.8 24.5 17.3 15.8

44.8 13.4 8.2 1.6 0.5 176.9 10.2 28.4 17.8 16.3

38.4 13.7 7.3 1.3 0.5 215.0 10.6 37.7 16.8 13.6

3. MAJOR ECONOMIC AGGREGATES 355,609 60,515 124 48,668 34,476 11,997

887,240 217,372 4,589 181,130 146,448 36,963

929,657 213,255 344 185,815 152,843 31,472

4. DEBT INDICATORS 91.4 15.6 11.7 5.4 0.9 62.3 8.5 16.8 17.6 11.1

67.5 16.5 8.5 3.2 0.8 99.8 9.7 21.4 12.3 12.9

67.5 15.5 8.6 3.4 0.8 106.1 9.9 12.0 20.6 15.5

* Includes central government debt, other public sector which is not guaranteed, and private sector debt which is guaranteed by a public entity.

141 CHINA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

45,515 45,515 14,514 6,111 3,119 8,403 6,599 31,001 5,425 14,520 11,055 0 0 0

0 0

0 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

115,233 112,821 39,755 18,973 7,954 20,782 10,147 73,066 12,616 34,873 25,577 2,412 2,412 0

126,667 99,424 45,146 22,283 8,945 22,862 20,698 54,278 13,941 24,400 15,937 27,243 1,198 26,045

136,905 99,217 50,444 23,856 9,173 26,588 23,608 48,774 11,029 13,485 24,260 37,688 1,248 36,440

132,649 94,860 50,390 25,811 8,821 24,579 21,394 44,470 11,371 10,622 22,477 37,789 1,068 36,721

128,520 91,776 50,564 26,861 8,693 23,703 20,794 41,212 11,852 6,762 22,598 36,744 1,536 35,208

120,452 88,613 50,821 27,421 9,457 23,400 20,465 37,792 10,568 6,064 21,161 31,839 1,540 30,299

120,600 85,570 51,456 26,307 10,350 25,149 22,220 34,115 11,334 5,122 17,659 35,030 1,620 33,410

2,865 3,016

8,239 7,830

9,644 8,693

10,400 8,907

11,118 8,771

11,550 8,654

11,254 9,423

10,657 10,314

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

9,665 9,665 2,578 1,158 511 1,420 1,022 7,087 277 3,247 3,564 0 0 0

23,976 22,458 6,214 2,939 715 3,275 248 16,244 3,105 5,889 7,249 1,518 1,518 0

11,148 10,679 5,012 2,830 602 2,182 2,046 5,667 1,325 1,537 2,805 469 469 0

20,384 12,719 7,332 2,396 493 4,936 3,879 5,387 1,067 890 3,430 7,665 0 7,665

16,777 9,695 5,791 3,303 424 2,487 1,874 3,904 848 131 2,925 7,082 390 6,692

14,781 8,611 4,741 2,575 319 2,167 1,779 3,870 1,486 348 2,036 6,170 476 5,694

19,058 4,671 3,269 2,628 212 641 463 1,402 100 115 1,187 14,387 90 14,297

25,485 4,868 2,645 2,372 143 273 255 2,223 1,606 65 552 20,616 175 20,441

0 0

0 0

591 507

1,562 713

1,474 592

1,294 460

1,528 379

1,480 311

1,812 208

1,475 141

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

3,319 3,319 851 220 0 631 145 2,468 325 808 1,335 0 0 0

11,526 11,320 1,899 554 34 1,345 385 9,421 1,087 5,159 3,175 207 207 0

11,209 8,182 2,724 575 40 2,150 2,031 5,458 0 3,018 2,439 3,027 207 2,820

19,835 11,105 3,945 696 66 3,249 2,883 7,160 2,321 1,638 3,201 8,730 0 8,730

19,925 10,798 4,271 1,400 317 2,871 2,346 6,527 443 2,016 4,068 9,127 534 8,593

16,643 8,579 2,586 1,182 131 1,404 1,143 5,993 926 1,557 3,510 8,064 0 8,064

24,715 9,940 4,475 3,123 123 1,353 1,104 5,464 1,165 740 3,559 14,775 80 14,695

30,356 10,766 5,737 4,514 150 1,224 1,066 5,028 996 961 3,071 19,590 110 19,480

0 0

0 0

216 0

351 26

396 38

505 53

578 66

817 87

2,389 113

2,312 147

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

6,346 6,346 1,727 938 511 789 877 4,620 -48 2,439 2,229 0 0 0

12,449 11,138 4,315 2,385 681 1,930 -137 6,823 2,019 730 4,075 1,311 1,311 0

-61 2,497 2,288 2,255 563 32 14 209 1,325 -1,481 366 -2,558 262 -2,820

549 1,614 3,387 1,700 427 1,687 996 -1,773 -1,254 -748 229 -1,065 0 -1,065

-3,148 -1,103 1,520 1,903 108 -384 -471 -2,623 405 -1,885 -1,143 -2,045 -144 -1,901

-1,861 33 2,156 1,393 188 763 636 -2,123 560 -1,209 -1,474 -1,894 476 -2,370

-5,657 -5,269 -1,207 -495 89 -712 -641 -4,062 -1,065 -625 -2,372 -388 10 -398

-4,871 -5,897 -3,092 -2,142 -8 -950 -811 -2,805 610 -896 -2,519 1,026 65 961

0 0

0 0

376 507

1,211 687

1,078 554

788 407

950 314

663 224

-577 95

-837 -6

5. LONG-TERM DEBT

142 CHINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

2,534 2,534 531 226 20 305 193 2,003 367 959 677 0 0 0

5,553 5,498 1,785 730 58 1,055 342 3,713 568 1,441 1,704 55 55 0

5,575 4,612 1,813 817 60 995 964 2,799 397 983 1,419 963 42 921

5,887 3,692 1,935 965 68 970 777 1,757 483 274 1,000 2,195 96 2,099

5,999 4,075 2,387 1,518 69 869 633 1,688 521 222 945 1,924 93 1,831

6,160 4,244 2,575 1,808 66 767 544 1,669 690 202 777 1,916 111 1,805

4,232 3,077 1,669 1,149 68 520 417 1,408 413 220 775 1,155 119 1,036

4,603 3,282 1,603 808 73 795 615 1,678 570 118 991 1,321 123 1,198

0 0

0 0

200 19

507 56

545 59

637 64

713 65

733 64

593 67

378 72

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

3,813 3,813 1,195 712 491 484 684 2,617 -415 1,480 1,551 0 0 0

6,896 5,640 2,530 1,654 622 875 -479 3,111 1,451 -711 2,371 1,256 1,256 0

-5,636 -2,115 475 1,438 503 -963 -950 -2,590 928 -2,465 -1,053 -3,521 220 -3,742

-5,338 -2,078 1,452 735 359 717 220 -3,530 -1,737 -1,022 -771 -3,260 -96 -3,164

-9,148 -5,179 -868 385 39 -1,252 -1,104 -4,311 -116 -2,107 -2,088 -3,969 -237 -3,732

-8,021 -4,211 -419 -416 122 -4 92 -3,792 -130 -1,411 -2,251 -3,810 365 -4,175

-9,889 -8,346 -2,875 -1,644 21 -1,231 -1,058 -5,470 -1,478 -845 -3,148 -1,543 -109 -1,434

-9,474 -9,179 -4,695 -2,950 -80 -1,745 -1,426 -4,484 41 -1,014 -3,510 -295 -58 -236

0 0

0 0

176 488

704 632

533 495

151 342

237 248

-70 160

-1,170 28

-1,216 -78

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

5,853 5,853 1,382 446 20 937 338 4,470 692 1,766 2,012 0 0 0

17,080 16,817 3,684 1,285 92 2,400 728 13,133 1,655 6,600 4,879 262 262 0

16,784 12,794 4,537 1,392 100 3,145 2,996 8,257 397 4,002 3,858 3,990 249 3,742

25,722 14,797 5,880 1,660 134 4,219 3,660 8,917 2,804 1,912 4,201 10,925 96 10,829

25,924 14,873 6,658 2,919 385 3,740 2,979 8,215 964 2,238 5,013 11,051 627 10,424

22,803 12,823 5,161 2,990 196 2,171 1,687 7,662 1,616 1,759 4,287 9,980 111 9,869

28,946 13,016 6,144 4,272 191 1,872 1,520 6,872 1,578 960 4,335 15,930 199 15,731

34,958 14,047 7,341 5,322 223 2,019 1,681 6,707 1,566 1,079 4,062 20,911 233 20,678

0 0

0 0

415 19

858 81

941 97

1,142 117

1,291 131

1,550 151

2,981 180

2,691 220

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

9,298 5,280 4,019

16,883 11,512 5,371

22,267 21,758 509

21,120 20,632 488

14,562 14,163 399

10,825 10,824 0

10,931 9,131 1,800

9,426 7,778 1,648

.. .. .. ..

.. .. .. ..

9,718 16,491 45,449 66

18,101 45,217 111,740 3,493

29,643 62,139 99,424 27,243

32,781 60,538 99,217 37,688

30,215 61,733 94,860 37,789

29,486 59,388 91,776 36,744

29,922 53,732 88,613 31,839

32,570 55,123 85,570 35,030

4.8 .. .. 14.5 0.1 0.1 74.1 6.0 0.0 0.4

5.7 .. .. 15.4 0.1 0.1 72.4 5.8 0.0 0.4

7.2 .. .. 16.7 0.1 0.1 71.2 4.2 0.1 0.4

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 3.1 0.4 30.4 0.7 0.2 29.1 31.2 0.3 4.7

.. 1.2 0.2 11.8 0.2 0.0 74.6 10.8 0.1 1.1

.. 2.3 2.9 14.8 0.1 0.1 72.4 6.2 0.3 0.9

.. 2.2 2.0 17.8 0.1 0.1 67.5 9.2 0.3 0.9

.. 2.3 1.9 16.9 0.1 0.1 71.4 6.4 0.1 0.8

143 CHINA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 10,369 17,880 -2,690 8,079 -14,185 -1,611 .. 8,267 18,506 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 -3,502 2,253 964 .. 1,415 9,242 8,726 .. 687 2,875 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-6,356 -5,248 0 0 0 -3,118 2,010

24,401 -33 0 0 0 -2,923 655

-1,793 618 0 0 0 3,370 -5,781

25,230 13,538 0 0 0 3,910 1,109

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

7.5 16.6 3.9 15.6

6.5 10.1 3.2 14.8

6.2 15.5 3.4 20.7

6.1 14.3 3.1 20.0

6.6 12.9 2.5 15.2

5.9 12.9 3.8 20.7

5.7 14.1 3.0 23.2

3.7 14.5 5.9 38.2

.. .. .. ..

.. .. .. ..

3.7 27.9 7.9 49.2

6.6 19.1 3.9 21.2

5.9 21.6 5.6 27.8

5.6 23.2 6.1 31.6

7.2 21.1 4.9 17.5

5.8 21.4 4.7 26.9

4.2 20.7 5.0 38.1

2.2 21.6 5.4 53.8

.. .. .. ..

.. .. .. ..

8.6 13.3 2.7 5.7

6.4 6.4 2.9 12.2

6.4 11.1 1.8 15.6

6.3 10.9 1.9 15.5

6.5 10.5 1.8 14.5

5.9 10.2 3.5 18.7

6.5 10.1 1.8 14.1

4.9 8.7 6.4 25.2

.. .. 9,988 22,108 8,029 10,993 10,702 .. .. 2,288 6,323 3,357 3,046 2,438 .. .. 7,701 15,785 4,671 7,947 8,265 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

7,421 1,784 5,638

5,165 1,963 3,202

3,940 1,789 2,151

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

3,870 19,729 4,769

1,665 17,204 4,005

1,277 16,738 3,287

984 15,020 2,580

729 11,815 1,907

466 7,561 1,476

290 5,053 1,196

96 6,424 981

33 3,374 836

15 4,327 729

2,222 4,707 1,657

1,665 4,175 1,554

1,277 4,241 1,460

984 4,070 1,342

729 3,552 1,214

466 3,556 1,095

290 3,441 974

96 3,276 861

33 3,216 754

15 3,016 651

469 3,314 920

85 2,647 817

15 2,571 716

0 2,348 618

0 1,749 531

0 1,741 460

0 1,597 388

0 1,377 329

0 1,308 278

0 1,143 230

1,753 1,393 737

1,580 1,528 737

1,262 1,670 744

984 1,723 724

729 1,803 683

466 1,815 636

290 1,844 586

96 1,898 532

33 1,908 476

15 1,874 420

1,648 15,021 3,112

0 13,029 2,451

0 12,497 1,827

0 10,950 1,239

0 8,263 692

0 4,005 380

0 1,612 222

0 3,148 120

0 158 83

0 1,310 79

0 823 95

0 823 79

0 805 64

0 785 49

0 781 35

0 112 23

0 109 20

0 100 18

0 100 16

0 100 13

1,648 14,199 3,017

0 12,205 2,372

0 11,691 1,763

0 10,165 1,190

0 7,482 658

0 3,893 357

0 1,503 202

0 3,048 102

0 58 67

0 1,211 65

144 COLOMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2,236 1,580 1,297 283 55 602 0 0 0 0 0 0 0

6,941 4,604 4,089 515 0 2,337 0 0 0 0 0 0 0

17,222 15,784 14,671 1,113 0 1,438 28 17 11 409 42 367 3,908

31,941 26,182 15,436 10,746 0 5,759 0 0 0 38 28 10 3,107

33,083 26,851 16,749 10,101 0 6,232 0 0 0 42 31 10 1,330

34,424 30,459 20,220 10,239 0 3,965 0 0 0 46 37 9 1,137

33,934 31,062 20,803 10,259 0 2,871 0 0 0 42 33 9 871

36,248 32,961 21,777 11,184 0 3,287 0 0 0 38 30 8 829

33,201 29,542 20,666 8,876 0 3,659 0 0 0 34 32 1 764

32,979 29,423 22,816 6,607 0 3,556 0 0 0 37 35 1 722

361 332 29 225 153 73 136 0 62 62 0 0 74 287 215 73 0

1,074 1,074 0 263 263 0 1,136 325 688 310 0 378 447 951 573 0 378

1,994 1,994 0 2,189 2,189 0 -399 -204 1,701 1,558 0 143 -2,100 3,889 3,746 0 143

6,243 6,243 0 2,501 2,501 0 3,618 -125 2,011 1,662 0 349 1,607 4,511 4,162 0 349

2,937 2,937 0 2,590 2,590 0 820 473 1,949 1,601 0 348 -1,129 4,539 4,191 0 348

7,463 7,463 0 3,934 3,934 0 1,262 -2,267 2,672 2,387 0 285 -1,410 6,606 6,321 0 285

3,804 3,804 0 2,902 2,902 0 -192 -1,094 2,204 2,032 0 172 -2,396 5,106 4,934 0 172

6,016 6,016 0 3,622 3,622 0 2,810 416 2,690 2,528 0 162 121 6,311 6,150 0 162

3,321 3,321 0 4,621 4,621 0 -927 372 2,224 2,064 0 160 -3,151 6,845 6,685 0 160

5,385 5,385 0 6,212 6,212 0 -931 -103 2,216 2,064 0 152 -3,147 8,428 8,276 0 152

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

245 179 43 0 23 14 175 70

976 811 157 0 8 46 288 688

340 -195 500 0 35 79 -5 345

9,671 3,742 5,562 278 89 75 -363 10,034

3,286 346 2,829 47 64 117 242 3,044

5,114 3,529 1,508 -27 104 224 1,117 3,997

3,394 903 2,395 17 79 183 183 3,211

4,966 2,394 2,525 -42 89 360 1,172 3,794

930 -1,299 2,115 17 98 414 118 812

971 -828 1,746 -52 104 769 2,156 -1,185

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

89 62 94 138 -48

556 310 110 160 396

-2,182 1,558 964 -632 -1,550

7,440 1,662 570 -769 8,209

1,714 1,601 -29 -128 1,843

3,014 2,387 -288 410 2,604

706 2,032 655 -359 1,065

1,514 2,528 924 610 904

-2,167 2,064 1,033 -385 -1,781

-2,652 2,064 1,559 1,618 -4,270

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

6,995 1,025 26 1,348 207 -293

33,185 5,928 106 6,231 6,474 -206

84,767 16,199 1,312 15,684 8,103 671

81,463 18,400 1,610 17,754 9,006 740

79,126 17,973 2,056 19,415 10,244 -1,109

77,530 17,347 2,480 18,969 10,844 -1,371

75,204 19,180 3,076 20,637 10,920 -1,191

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

218.2 32.0 28.0 6.0 0.9 9.3 1.8 26.9 28.1 19.9

117.1 20.9 16.0 11.6 2.1 93.3 12.5 33.7 14.2 19.5

212.5 40.6 40.8 16.5 3.2 23.5 6.2 11.5 2.8 18.5

184.4 41.7 27.8 12.0 2.7 26.5 6.1 8.5 2.8 18.5

201.7 45.8 35.1 15.0 3.4 28.3 6.3 9.1 2.5 20.0

191.4 42.8 39.5 12.8 2.9 32.7 6.9 11.0 2.8 22.9

171.9 43.9 43.9 11.6 2.9 33.1 6.3 10.8 3.4 30.6

3. MAJOR ECONOMIC AGGREGATES 38,193 9,514 495 9,510 4,869 542

104,296 15,898 774 21,604 9,907 -5,750

96,721 15,173 806 19,992 8,754 -4,857

4. DEBT INDICATORS 181.0 45.1 40.9 17.9 4.5 28.3 6.1 8.4 5.7 35.4

200.9 30.6 28.4 12.6 1.9 31.0 5.5 18.0 2.8 12.8

218.0 34.2 29.9 12.8 2.0 26.5 5.3 18.8 2.7 14.0

145 COLOMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

1,580 1,297 1,112 445 25 667 604 185 21 24 140 283 0 283

4,604 4,089 2,393 1,350 89 1,043 899 1,696 31 1,371 294 515 0 515

15,784 14,671 8,540 6,103 219 2,437 769 6,131 275 4,208 1,648 1,113 0 1,113

354 20

991 21

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

332 332 194 74 0 120 101 138 0 88 50 0 0 0

1997

1998

1999

2000

2001

2002

2003

26,182 15,436 5,622 4,084 145 1,538 745 9,814 4,366 4,727 721 10,746 809 9,937

26,851 16,749 6,018 4,624 131 1,394 755 10,732 5,789 4,357 585 10,101 821 9,280

30,459 20,220 7,830 6,361 117 1,470 850 12,390 6,941 4,615 834 10,239 885 9,354

31,062 20,803 7,726 6,278 104 1,448 860 13,077 8,201 4,245 632 10,259 762 9,497

32,961 21,777 8,591 7,255 90 1,336 798 13,185 10,226 2,270 689 11,184 658 10,526

29,542 20,666 8,937 7,603 71 1,334 853 11,730 9,623 1,518 589 8,876 658 8,218

29,423 22,816 11,367 10,085 273 1,282 838 11,449 9,664 1,289 496 6,607 376 6,232

3,859 14

1,723 10

1,740 9

1,960 8

1,920 7

2,006 7

2,348 6

3,241 5

1,074 1,019 416 302 37 113 9 603 0 500 102 55 0 55

1,994 1,847 697 559 3 139 26 1,150 0 874 275 147 0 147

6,243 2,980 603 488 5 115 35 2,377 1,144 1,138 95 3,263 0 3,263

2,937 2,937 852 811 0 41 8 2,085 1,717 329 39 0 0 0

7,463 6,519 1,758 1,550 0 208 105 4,761 1,750 1,433 1,578 944 176 768

3,804 2,940 661 509 0 152 97 2,279 1,804 469 5 865 0 865

6,016 5,255 1,602 1,520 0 82 54 3,653 3,045 379 230 761 0 761

3,321 2,027 980 912 0 68 56 1,047 500 467 80 1,294 0 1,294

5,385 5,385 3,312 3,288 180 24 15 2,073 1,782 263 27 0 0 0

58 0

218 0

213 0

189 0

184 0

488 0

266 0

368 0

480 0

987 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

153 94 42 22 0 20 7 52 3 21 28 59 0 59

263 250 136 80 1 57 30 114 3 52 59 13 0 13

2,189 1,875 737 527 12 210 36 1,138 4 849 284 314 0 314

2,501 1,833 1,055 833 12 222 35 778 76 502 200 667 0 667

2,590 1,934 674 437 14 237 29 1,260 379 700 181 656 0 656

3,934 3,114 745 511 14 234 42 2,369 566 1,175 629 820 125 695

2,902 2,069 558 441 14 116 44 1,512 469 839 204 832 110 722

3,622 2,721 519 402 14 117 47 2,202 985 1,031 187 900 98 802

4,621 3,327 960 853 15 108 43 2,366 1,190 990 186 1,294 0 1,294

6,212 3,944 1,260 1,118 15 142 84 2,684 2,070 491 123 2,268 282 1,987

17 0

65 0

434 1

437 1

232 1

270 1

242 1

232 1

231 1

211 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

179 238 152 52 0 100 94 86 -3 67 22 -59 0 -59

811 769 280 223 37 57 -21 489 -3 449 43 42 0 42

-195 -28 -40 32 -8 -72 -10 12 -4 25 -9 -167 0 -167

3,742 1,147 -452 -345 -7 -107 0 1,599 1,068 636 -105 2,595 0 2,595

346 1,003 178 374 -14 -196 -21 825 1,337 -371 -141 -656 0 -656

3,529 3,405 1,013 1,039 -14 -26 63 2,392 1,184 258 950 124 51 73

903 870 103 67 -14 36 53 767 1,335 -369 -199 32 -110 142

2,394 2,534 1,083 1,117 -14 -35 7 1,451 2,059 -651 43 -139 -98 -41

-1,299 -1,300 20 60 -14 -40 13 -1,319 -690 -523 -106 0 0 0

-828 1,441 2,052 2,170 165 -118 -70 -611 -287 -228 -96 -2,268 -282 -1,987

41 0

152 0

-221 -1

-248 -1

-48 -1

218 -1

25 -1

136 -1

249 -1

775 -1

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

146 COLOMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

62 47 37 25 0 12 8 10 1 3 6 15 0 15

310 279 128 102 2 26 21 151 2 128 21 31 0 31

1,558 1,240 627 476 6 150 19 613 27 461 124 318 0 318

1,662 885 406 314 3 91 24 479 145 269 66 776 82 695

1,601 977 370 286 3 84 24 607 250 303 55 623 82 542

2,387 1,656 707 497 3 210 16 949 287 492 170 732 82 649

2,032 1,414 541 470 3 71 26 873 515 298 59 618 84 534

2,528 1,690 561 493 2 68 26 1,128 867 199 62 838 79 759

2,064 1,569 503 448 2 55 24 1,065 932 92 42 495 75 420

2,064 1,630 537 489 2 49 22 1,093 998 61 33 434 75 359

20 0

79 0

318 0

137 0

115 0

121 0

126 0

133 0

115 0

146 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

118 192 115 27 -1 88 86 77 -3 64 16 -74 0 -74

501 490 152 121 35 30 -42 338 -5 321 22 11 0 11

-1,753 -1,268 -666 -445 -14 -222 -29 -601 -32 -436 -133 -485 0 -485

2,081 262 -858 -659 -10 -199 -23 1,120 924 367 -171 1,819 -82 1,901

-1,254 25 -192 88 -17 -280 -45 217 1,088 -674 -196 -1,279 -82 -1,198

1,142 1,749 307 542 -17 -236 47 1,443 897 -234 780 -608 -32 -576

-1,129 -544 -438 -403 -16 -35 27 -106 820 -667 -258 -586 -194 -391

-134 844 521 624 -16 -102 -20 323 1,192 -850 -19 -978 -177 -800

-3,363 -2,868 -483 -389 -16 -94 -10 -2,385 -1,621 -615 -148 -495 -75 -420

-2,892 -189 1,515 1,681 163 -167 -91 -1,704 -1,286 -289 -129 -2,702 -357 -2,345

21 0

74 0

-538 -1

-385 -1

-163 -1

98 -1

-102 -1

3 -1

134 -1

630 -1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

215 141 79 47 1 32 15 62 3 24 34 74 0 74

573 529 264 181 2 83 51 265 5 179 80 44 0 44

3,746 3,115 1,364 1,003 18 361 55 1,751 32 1,311 409 632 0 632

4,162 2,718 1,461 1,148 15 313 58 1,257 220 771 266 1,444 82 1,362

4,191 2,911 1,044 723 17 321 53 1,867 629 1,002 236 1,279 82 1,198

6,321 4,770 1,452 1,008 17 444 58 3,318 853 1,667 798 1,551 207 1,344

4,934 3,484 1,099 912 16 187 70 2,385 985 1,137 263 1,450 194 1,256

6,150 4,411 1,080 896 16 184 73 3,331 1,853 1,230 249 1,739 177 1,561

6,685 4,895 1,463 1,301 16 162 67 3,432 2,121 1,082 228 1,790 75 1,714

8,276 5,574 1,798 1,607 17 190 106 3,776 3,068 552 156 2,702 357 2,345

37 0

144 0

751 1

573 1

347 1

390 1

368 1

365 1

345 1

357 1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

576 424 153

2,455 1,781 673

4,034 3,468 567

2,071 2,014 57

2,114 2,111 3

2,466 2,452 13

2,923 2,280 643

2,154 2,108 45

2,131 1,614 518

1,385 1,385 0

629 283 1,224 356

988 1,877 4,045 559

988 7,778 14,630 1,154

890 17,473 15,431 10,752

886 17,146 16,744 10,107

968 19,350 20,215 10,244

964 19,377 20,798 10,264

888 18,898 21,772 11,188

924 16,476 20,665 8,877

1,111 16,558 22,815 6,608

9.8 .. .. 3.9 0.7 0.0 78.5 7.1 0.0 0.0

9.6 .. .. 3.8 0.8 0.0 78.8 6.9 0.0 0.0

6.2 .. .. 2.4 0.8 0.0 84.6 5.9 0.0 0.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 1.3 0.4 0.0 0.2 0.3 66.1 29.8 0.0 1.9

.. 3.8 1.9 0.1 0.4 0.0 60.4 31.3 0.0 2.1

.. 6.0 0.3 4.9 0.3 0.3 44.0 41.2 0.0 3.0

.. 4.2 0.2 4.9 0.1 0.1 75.0 14.9 0.0 0.7

.. 3.6 0.2 4.8 1.1 0.1 75.3 13.1 0.0 1.9

.. 2.4 0.1 4.7 0.9 0.0 80.6 10.1 0.0 1.3

.. 1.8 0.1 3.6 0.8 0.0 80.3 8.5 0.0 4.9

147 COLOMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 2 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 336 3,042 1,142 1,341 1,136 -399 3,618 820 1,262 0 0 0 .. 25 .. 0 0 0 0 .. -2 0 0 0 302 -165 .. 494 -657 .. 218 81 20 244 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-491 -192 0 0 0 -364 65

2,314 2,810 0 0 0 -370 -127

-3,047 -927 0 0 0 643 -2,762

-222 -931 0 0 0 704 5

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 136 .. .. .. .. ..

6.0 21.1 4.8 25.8

12.9 15.5 4.4 -20.2

8.0 16.5 4.6 12.2

7.3 11.9 7.6 13.3

7.9 8.2 5.5 8.6

7.2 9.9 6.0 12.7

7.9 10.7 6.2 4.7

8.7 12.5 8.0 8.1

7.7 9.2 6.0 9.1

5.4 12.4 8.4 23.0

5.2 29.8 7.2 36.9

8.8 18.0 4.3 7.2

7.5 18.7 5.4 15.5

7.2 18.2 4.4 16.4

7.8 11.6 3.8 10.7

4.9 10.8 4.3 24.2

8.6 12.6 3.7 7.4

5.5 18.7 6.0 28.8

4.1 13.6 3.9 30.9

3.7 10.7 4.8 32.1

7.2 7.2 1.1 7.9

15.4 13.9 4.5 -37.2

9.3 10.1 2.2 2.3

7.4 10.4 8.4 12.5

8.0 6.5 6.3 7.6

9.2 9.1 7.4 3.0

7.7 10.1 7.0 3.9

10.4 9.2 9.1 -3.3

8.9 7.8 6.7 1.8

8.8 15.9 15.8 4.1

363 1,561 1,269 2,769 3,111 4,364 3,782 224 597 950 532 1,032 1,995 874 139 964 318 2,237 2,079 2,370 2,908 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

4,814 1,709 3,104

1,991 501 1,490

4,763 3,207 1,556

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

368 3,910 1,884

321 2,696 1,724

241 3,495 1,557

159 3,543 1,340

112 3,437 1,037

71 2,609 872

56 1,593 733

28 2,350 563

16 1,320 447

11 869 342

368 1,063 513

321 983 473

241 1,261 429

159 1,586 359

112 1,234 283

71 841 233

56 891 195

28 890 156

16 677 123

11 617 102

6 145 48

4 130 42

0 126 37

0 125 31

0 124 26

0 126 20

0 87 15

0 71 11

0 27 8

0 24 7

362 918 465

317 853 431

241 1,135 392

159 1,461 328

112 1,110 257

71 715 213

56 804 179

28 819 145

16 651 115

11 593 95

0 2,848 1,371

0 1,714 1,251

0 2,235 1,128

0 1,957 981

0 2,203 754

0 1,768 639

0 703 538

0 1,460 407

0 642 324

0 253 241

0 495 53

0 232 33

0 144 23

0 82 18

0 26 15

0 276 15

0 19 1

0 2 1

0 2 1

0 1 1

0 2,353 1,318

0 1,482 1,219

0 2,091 1,105

0 1,875 963

0 2,176 739

0 1,492 624

0 683 537

0 1,458 407

0 641 323

0 251 240

148 COMOROS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1.2 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

44.0 43.0 43.0 0.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0

187.1 174.7 174.7 0.0 0.0 12.4 12.2 12.2 0.0 25.5 25.5 0.0

219.4 202.7 202.7 0.0 2.8 13.9 8.9 8.9 0.0 36.7 36.7 0.0

227.1 211.6 211.6 0.0 2.7 12.9 11.8 11.8 0.0 40.6 40.6 0.0

228.3 206.2 206.2 0.0 2.2 19.9 12.9 12.9 0.0 44.4 44.4 0.0

231.7 201.9 201.9 0.0 1.5 28.4 19.4 19.4 0.0 61.0 61.0 0.0

242.8 217.7 217.7 0.0 0.8 24.2 21.2 21.2 0.0 64.2 64.2 0.0

270.1 239.9 239.9 0.0 0.6 29.7 23.7 23.7 0.0 67.6 67.6 0.0

287.6 259.6 259.6 0.0 0.2 27.8 26.8 26.8 0.0 68.2 68.2 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 -0.1 0.1 0.1 0.0 0.0

13.0 13.0 0.0 0.0 0.0 0.0 13.0 0.0 0.4 0.3 0.0 0.1 12.6 0.4 0.3 0.0 0.1

5.4 5.4 0.0 0.2 0.2 0.0 2.2 -3.0 0.8 0.7 0.0 0.2 1.3 1.1 0.9 0.0 0.2

5.8 5.8 0.0 1.5 1.2 0.2 9.3 5.0 0.8 0.5 0.0 0.3 8.5 2.3 1.8 0.3 0.3

4.2 4.2 0.0 1.6 1.4 0.2 -1.4 -3.9 0.4 0.4 0.0 0.1 -1.8 2.0 1.7 0.3 0.1

0.7 0.7 0.0 2.2 1.8 0.4 4.4 5.9 0.9 0.7 0.0 0.2 3.5 3.1 2.5 0.4 0.2

3.1 3.1 0.0 1.4 0.8 0.6 3.7 2.0 1.4 0.8 0.0 0.6 2.3 2.8 1.6 0.6 0.6

11.6 11.6 0.0 1.5 1.0 0.6 4.1 -6.0 0.9 0.6 0.0 0.3 3.2 2.4 1.6 0.6 0.3

12.2 12.2 0.0 3.9 3.6 0.4 11.3 3.0 0.9 0.8 0.0 0.1 10.3 4.9 4.4 0.4 0.1

8.6 8.6 0.0 1.8 1.4 0.4 1.9 -4.9 0.9 0.8 0.0 0.1 1.0 2.7 2.2 0.4 0.1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

3.0 0.0 0.0 0.0 3.1 4.8 3.0 0.0

30.8 13.0 0.0 0.0 17.8 7.0 30.4 0.4

33.3 5.2 0.4 0.0 27.7 15.8 32.9 0.4

16.9 4.6 0.0 0.0 12.3 12.1 16.9 0.0

27.4 2.8 0.4 0.0 24.2 10.8 27.0 0.4

14.5 -1.1 0.3 0.0 15.3 10.0 14.2 0.3

13.1 2.3 0.1 0.0 10.7 8.4 13.0 0.1

22.8 10.6 1.1 0.0 11.0 8.4 21.7 1.1

22.0 8.6 0.4 0.0 13.0 10.4 21.6 0.4

15.5 7.2 1.0 0.0 7.3 12.0 14.5 1.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

3.0 0.0 0.0 3.0 0.0

30.5 0.3 0.0 30.1 0.4

32.0 0.7 0.6 32.2 -0.2

16.4 0.5 0.0 16.4 0.0

27.1 0.4 0.0 26.7 0.4

13.8 0.7 0.0 13.5 0.3

12.3 0.8 0.0 12.2 0.1

22.2 0.6 0.0 21.1 1.1

21.2 0.8 0.0 20.8 0.4

14.7 0.8 0.0 13.7 1.0

24.7 .. 0.0 .. .. ..

124.1 15.7 2.0 34.3 6.4 -8.9

215.2 .. 12.0 .. 39.3 ..

223.1 .. 12.0 .. 37.3 ..

204.7 .. 12.0 .. 43.4 ..

221.7 .. 12.0 .. 62.5 ..

247.6 .. 12.0 .. 80.1 ..

323.0 .. 12.0 .. 94.5 ..

.. 4.7 .. .. 0.1 .. .. 0.0 100.0 0.0

280.5 35.4 2.6 2.6 0.3 14.5 2.2 2.3 96.8 48.2

.. 105.5 .. .. 0.2 17.3 .. 5.7 89.3 74.2

.. 102.3 .. .. 0.4 16.3 .. 8.7 86.3 72.2

.. 113.2 .. .. 0.7 18.7 .. 12.2 83.4 69.4

.. 109.5 .. .. 0.4 25.7 .. 10.0 86.4 68.9

.. 109.1 .. .. 0.4 29.7 .. 11.0 85.6 70.0

.. 89.0 .. .. 0.3 32.9 .. 9.7 86.9 72.2

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

261.8 48.1 10.0 93.4 29.9 -10.5

212.3 .. 12.0 .. 40.6 ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

389.1 71.5 2.3 1.7 0.3 16.0 3.8 6.6 86.0 60.9

.. 103.4 .. .. 0.4 18.5 .. 6.3 88.6 72.6

149 COMOROS (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1.2 1.2 1.2 0.0 0.0 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

43.0 43.0 42.6 21.2 21.2 21.4 21.4 0.4 0.0 0.0 0.4 0.0 0.0 0.0

174.7 174.7 174.7 113.9 100.2 60.8 60.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 4.2

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

202.7 202.7 202.7 159.3 151.0 43.5 43.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

211.6 211.6 211.6 168.6 159.7 43.0 43.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

206.2 206.2 206.2 164.9 155.7 41.4 41.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

201.9 201.9 201.9 160.8 152.3 41.1 41.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

217.7 217.7 217.7 167.2 159.4 50.5 50.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

239.9 239.9 239.9 189.0 180.4 50.9 50.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

259.6 259.6 259.6 207.7 198.2 51.8 51.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 37.5

0.0 69.6

0.0 74.8

0.0 72.7

0.0 70.8

0.0 79.0

0.0 96.1

0.0 112.4

13.0 13.0 12.6 6.1 6.1 6.5 6.5 0.4 0.0 0.0 0.4 0.0 0.0 0.0

5.4 5.4 5.4 1.3 1.3 4.2 4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.8 5.8 5.8 5.8 5.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 4.2 4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.1 3.1 3.1 3.1 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

11.6 11.6 11.6 11.6 11.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.2 12.2 12.2 12.2 12.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.6 8.6 8.6 8.6 8.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 1.8

0.0 0.7

0.0 5.2

0.0 3.1

0.0 0.0

0.0 2.1

0.0 11.6

0.0 12.2

0.0 8.6

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.2 0.2 0.2 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 1.0 1.0 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 0.5 0.5 0.9 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 0.8 0.8 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.0 1.0 1.0 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.6 3.6 3.6 2.9 2.9 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.4 1.4 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 0.1

0.0 0.4

0.0 0.2

0.0 0.6

0.0 0.8

0.0 0.8

0.0 1.1

0.0 1.3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

13.0 13.0 12.6 6.1 6.1 6.5 6.5 0.4 0.0 0.0 0.4 0.0 0.0 0.0

5.2 5.2 5.2 1.0 1.0 4.1 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.6 4.6 4.6 4.8 4.8 -0.2 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.8 2.8 2.8 3.7 3.7 -0.9 -0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.1 -1.1 -1.1 -0.1 -0.1 -1.0 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.3 2.3 2.3 2.3 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.6 10.6 10.6 10.6 10.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.6 8.6 8.6 9.3 9.3 -0.7 -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.2 7.2 7.2 7.2 7.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 1.8

0.0 0.6

0.0 4.8

0.0 2.8

0.0 -0.6

0.0 1.4

0.0 10.8

0.0 11.1

0.0 7.4

5. LONG-TERM DEBT

150 COMOROS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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 0.3 0.3 0.0 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.4 0.4 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.5 0.5 0.5 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.6 0.6 0.6 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.7 0.7 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.8 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

0.0 0.5

0.0 0.3

0.0 0.6

0.0 0.8

0.0 0.6

0.0 0.6

0.0 0.7

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-0.1 -0.1 -0.1 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.7 12.7 12.3 6.1 6.1 6.2 6.2 0.4 0.0 0.0 0.4 0.0 0.0 0.0

4.5 4.5 4.5 0.6 0.6 3.9 3.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.0 4.0 4.0 4.3 4.3 -0.2 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.5 2.5 2.5 3.4 3.4 -0.9 -0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.7 -1.7 -1.7 -0.8 -0.8 -1.0 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.5 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.0 10.0 10.0 10.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.8 7.8 7.8 8.6 8.6 -0.8 -0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.4 6.4 6.4 6.4 6.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 1.7

0.0 0.3

0.0 4.3

0.0 2.6

0.0 -1.1

0.0 0.6

0.0 10.2

0.0 10.5

0.0 6.6

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 0.0 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.9 0.9 0.9 0.6 0.6 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 1.5 1.5 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 0.8 0.8 0.9 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.5 2.5 2.5 1.5 1.5 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.6 1.6 1.6 1.6 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.6 1.6 1.6 1.6 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.4 4.4 4.4 3.6 3.6 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 2.2 2.2 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 0.3

0.0 0.9

0.0 0.5

0.0 1.1

0.0 1.5

0.0 1.4

0.0 1.7

0.0 2.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.0 0.0 0.0

49.8 48.8 1.0

56.8 56.8 0.0

30.6 30.6 0.0

33.9 33.9 0.0

30.6 30.6 0.0

27.0 27.0 0.0

31.1 31.1 0.0

20.8 20.8 0.0

13.6 13.6 0.0

1.2 0.0 1.2 0.0

42.6 0.0 43.0 0.0

161.0 0.0 174.7 0.0

194.5 0.0 202.7 0.0

202.7 0.0 211.6 0.0

197.1 0.0 206.2 0.0

193.4 0.0 201.9 0.0

209.9 0.0 217.7 0.0

231.2 0.0 239.9 0.0

250.1 0.0 259.6 0.0

.. 0.0 14.7 0.0 0.0 0.0 33.2 4.9 3.0 44.3

14.5 .. .. 0.0 0.0 0.0 35.0 5.6 2.7 42.2

13.8 .. .. 0.0 0.0 0.0 38.4 5.4 2.6 39.8

13.6 .. .. 0.0 0.0 0.0 41.2 5.3 2.6 37.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. 0.0 2.9 0.0 0.0 0.0 38.4 10.2 0.0 48.5

.. 0.0 23.5 0.0 0.0 0.0 17.1 8.0 0.0 51.4

.. 0.0 15.7 0.0 0.0 0.0 31.6 4.1 2.7 46.0

.. 0.0 15.4 0.0 0.0 0.0 32.3 4.5 2.7 45.1

.. 0.0 15.3 0.0 0.0 0.0 32.6 4.9 2.7 44.6

151 COMOROS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0.0 3.5 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.5 0.0 0.0 .. 0.0 0.5 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 .. 0.1 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 8. DEBT STOCK-FLOW RECONCILIATION .. 11.0 1.7 7.6 1.2 13.0 2.2 9.3 -1.4 4.4 2.9 1.1 .. 2.6 -0.5 .. 0.0 0.0 0.0 0.0 .. -0.1 0.0 0.0 0.0 .. 1.7 -11.9 -1.8 -7.2 .. 4.6 4.9 7.9 2.9 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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 3.7 6.5 0.0 0.0 -9.0 2.3

11.1 4.1 1.8 0.0 0.0 -2.9 8.1

27.4 11.3 2.5 0.0 0.0 8.8 4.8

17.5 1.9 3.1 0.0 0.0 12.6 -0.1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 0.0 .. .. .. .. ..

0.0 0.0 0.0 0.0

1.3 43.1 9.0 74.5

2.0 29.8 10.3 65.9

0.6 39.8 10.3 81.5

0.8 39.9 10.4 80.8

0.0 0.0 0.0 0.0

1.0 10.7 1.2 36.7

0.8 39.6 10.1 80.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 45.6 9.5 79.1

2.0 29.8 10.3 65.9

0.6 39.8 10.3 81.5

0.8 39.9 10.4 80.8

0.0 0.0 0.0 0.0

1.0 10.7 1.2 36.7

0.8 39.6 10.1 80.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

7.6 5.2 1.5 5.6

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

0 23 1 20 8 0 1 0 22 1 20 8 0 1 0 1 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

17 17 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1.5 11.9 2.1

1.6 12.3 1.8

1.7 7.6 1.5

1.8 5.5 1.4

1.8 6.0 1.4

1.5 6.1 1.4

1.1 5.9 1.3

0.9 6.1 1.3

0.7 6.5 1.2

0.5 6.4 1.2

1.5 11.9 2.1

1.6 12.3 1.8

1.7 7.6 1.5

1.8 5.5 1.4

1.8 6.0 1.4

1.5 6.1 1.4

1.1 5.9 1.3

0.9 6.1 1.3

0.7 6.5 1.2

0.5 6.4 1.2

0.0 1.6 0.2

0.0 1.8 0.2

0.0 1.8 0.2

0.0 1.6 0.2

0.0 1.6 0.2

0.0 1.6 0.2

0.0 1.4 0.2

0.0 1.4 0.1

0.0 1.4 0.1

0.0 1.4 0.1

1.5 10.3 1.9

1.6 10.4 1.5

1.7 5.8 1.2

1.8 3.9 1.2

1.8 4.4 1.2

1.5 4.5 1.2

1.1 4.5 1.2

0.9 4.7 1.1

0.7 5.1 1.1

0.5 5.0 1.1

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 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 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

152 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

342 308 308 0 0 34 0 0 0 0 0 0 0

4,773 4,071 4,071 0 373 329 33 24 8 36 13 23 0

10,259 8,994 8,994 0 521 744 265 166 99 1,050 376 674 4,604

12,337 8,628 8,628 0 406 3,302 2,937 2,620 318 4,662 3,850 811 5,659

13,203 9,214 9,214 0 423 3,565 3,213 2,890 323 5,145 4,279 866 4,074

12,048 8,262 8,262 0 412 3,374 3,015 2,833 181 4,894 4,402 492 3,961

11,692 7,880 7,880 0 391 3,421 3,042 2,863 179 4,949 4,461 488 4,119

11,519 7,587 7,587 0 377 3,555 3,174 2,997 177 5,279 4,798 482 3,940

10,060 8,845 8,845 0 571 643 340 287 53 721 578 143 4,560

11,170 10,077 10,077 0 703 390 363 300 63 906 767 139 3,305

32 32 0 25 25 0 6 0 9 9 0 0 -3 34 34 0 0

603 463 140 277 192 85 278 -48 265 205 15 45 13 542 397 101 45

315 315 0 201 49 152 88 -27 147 88 38 21 -60 348 137 190 21

0 0 0 0 0 0 242 242 13 0 0 12 229 13 0 0 12

0 0 0 1 0 1 -13 -13 19 0 0 18 -32 19 0 1 18

8 8 0 1 0 1 13 7 20 0 2 18 -6 21 0 3 18

0 0 0 0 0 0 20 20 25 0 0 25 -4 25 0 0 25

0 0 0 0 0 0 2 2 18 0 0 17 -16 18 0 0 17

959 415 544 637 248 388 244 -78 290 164 113 14 -46 927 412 501 14

265 190 75 56 56 0 -67 -276 91 85 1 5 -158 146 141 1 5

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

51 6 6 0 38 42 45 6

477 271 110 0 96 168 195 283

626 266 -15 0 374 146 652 -26

68 0 -44 0 113 49 113 -44

158 0 61 0 97 40 97 61

113 8 11 0 94 58 101 11

160 0 23 0 137 54 137 23

279 0 82 0 197 72 197 82

757 167 117 0 474 92 640 117

5,096 134 158 0 4,803 131 4,909 187

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

42 9 0 40 2

199 205 74 89 110

537 88 0 576 -39

68 0 0 113 -44

158 0 0 97 61

113 0 0 101 11

160 0 0 137 23

279 0 0 197 82

594 164 0 477 117

5,011 85 0 4,824 187

4,721 .. 0 .. 189 ..

13,895 .. 0 .. 380 ..

5,814 .. 0 .. .. ..

4,317 .. 0 .. .. ..

3,916 .. 0 .. .. ..

4,468 .. 0 .. .. ..

5,249 .. 0 .. .. ..

5,385 .. 0 .. .. ..

.. 7.2 .. .. 0.2 55.4 .. 9.9 63.2 1.7

.. 34.3 .. .. 1.9 8.0 .. 6.9 18.1 6.7

.. 227.1 .. .. 0.3 .. .. 27.0 26.3 17.3

.. 279.1 .. .. 0.5 .. .. 28.0 27.5 18.9

.. 298.6 .. .. 0.6 .. .. 29.3 26.8 18.5

.. 257.8 .. .. 0.4 .. .. 30.9 26.2 17.9

.. 191.6 .. .. 5.5 .. .. 6.4 61.5 24.3

.. 207.4 .. .. 1.7 .. .. 3.5 63.7 25.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

8,579 .. 0 .. 261 ..

5,701 .. 0 .. .. ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 119.6 .. .. 1.7 2.5 .. 7.2 31.0 18.6

.. 216.4 .. .. 0.2 .. .. 26.8 25.7 17.7

153 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

308 308 221 6 1 216 215 86 4 0 82 0 0 0

4,071 4,071 2,609 322 194 2,287 667 1,462 7 145 1,311 0 0 0

8,994 8,994 8,105 1,912 1,439 6,193 1,737 889 5 118 766 0 0 0

5 1

87 159

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

32 32 13 1 1 12 12 19 0 0 19 0 0 0

1997

1998

1999

2000

2001

2002

2003

8,628 8,628 7,795 2,179 1,557 5,616 1,618 834 4 104 725 0 0 0

9,214 9,214 8,316 2,281 1,622 6,034 1,849 899 4 129 765 0 0 0

8,262 8,262 7,758 2,271 1,611 5,487 1,700 504 4 82 419 0 0 0

7,880 7,880 7,384 2,164 1,541 5,220 1,598 496 3 81 412 0 0 0

7,587 7,587 7,098 2,065 1,489 5,033 1,525 488 3 80 405 0 0 0

8,845 8,845 8,504 2,446 1,892 6,058 4,299 341 2 0 339 0 0 0

10,077 10,077 9,705 2,796 2,180 6,909 4,934 372 2 1 370 0 0 0

49 1,112

82 1,225

84 1,261

82 1,235

81 1,188

81 1,151

0 1,504

0 1,771

463 463 201 69 27 132 105 263 0 57 206 0 0 0

315 315 312 222 125 90 88 3 0 0 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

8 8 8 0 0 8 8 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

415 415 415 410 410 5 5 0 0 0 0 0 0 0

190 190 161 160 160 1 1 29 0 1 29 0 0 0

0 1

23 20

21 89

0 0

0 0

0 0

0 0

0 0

0 410

0 160

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

25 25 6 1 0 5 4 19 0 0 19 0 0 0

192 192 102 12 0 90 2 90 0 8 82 0 0 0

49 49 34 28 4 6 4 15 0 5 10 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 0 0 0 0 0 0 0 0 0

248 248 248 248 167 0 0 0 0 0 0 0 0 0

56 56 55 17 17 38 4 1 0 0 1 0 0 0

1 0

6 0

5 2

0 0

0 0

0 0

0 0

0 0

82 135

0 12

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 6 7 -1 1 7 8 -1 0 0 0 0 0 0

271 271 98 56 27 42 102 173 0 49 124 0 0 0

266 266 278 193 121 85 84 -12 0 -5 -7 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

8 8 8 0 0 8 8 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

167 167 167 162 243 5 5 0 0 0 0 0 0 0

134 134 106 143 143 -37 -3 29 0 1 28 0 0 0

-1 1

17 20

15 87

0 0

0 0

0 0

0 0

0 0

-82 275

0 147

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

154 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

9 9 5 0 0 5 5 4 0 0 3 0 0 0

205 205 105 11 2 94 45 99 1 1 98 0 0 0

88 88 76 40 9 36 8 12 0 2 10 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 0 0 0 0 0 0 0 0 0

164 164 164 164 102 0 0 0 0 0 0 0 0 0

85 85 85 77 10 8 2 0 0 0 0 0 0 0

0 0

8 1

1 7

0 0

0 0

0 0

0 0

0 0

51 86

0 9

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-3 -3 2 -1 1 3 3 -4 0 0 -4 0 0 0

67 67 -7 45 25 -52 57 74 -1 48 27 0 0 0

178 178 202 154 112 49 76 -24 -1 -7 -17 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

8 8 8 0 0 8 8 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 3 3 -2 141 5 5 0 0 0 0 0 0 0

49 49 21 66 132 -45 -5 29 0 1 28 0 0 0

-2 1

9 19

14 80

0 0

0 0

0 0

0 0

0 0

-132 189

0 138

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

34 34 11 2 0 9 9 23 0 0 23 0 0 0

397 397 208 24 2 184 48 189 1 9 179 0 0 0

137 137 110 68 13 42 13 27 1 7 20 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 0 0 0 0 0 0 0 0 0

412 412 412 412 269 0 0 0 0 0 0 0 0 0

141 141 140 94 27 46 6 1 0 0 1 0 0 0

2 0

14 1

6 9

0 0

0 0

0 0

0 0

0 0

132 221

0 21

288 52 236

818 743 75

1,654 1,589 65

410 364 46

495 446 49

235 202 33

178 151 27

53 53 0

535 535 0

682 682 0

216 0 308 0

862 508 4,071 0

3,176 1,367 8,994 0

3,175 1,318 8,615 14

3,471 1,344 9,200 14

3,311 950 8,248 14

3,139 927 7,867 13

3,014 912 7,587 0

6,191 2,507 8,845 0

7,114 2,681 10,077 0

.. 6.0 12.1 4.8 1.1 0.2 44.6 4.4 0.4 26.4

33.1 .. .. 4.3 1.1 0.2 45.8 4.3 0.3 10.9

34.7 .. .. 7.6 1.2 0.4 43.2 2.3 0.3 10.4

36.8 .. .. 7.5 1.1 0.3 41.8 2.2 0.3 9.9

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 2.2 3.8 0.0 1.8 0.0 41.5 1.6 0.0 49.1

.. 5.9 13.6 1.5 4.1 0.4 42.2 2.1 0.0 30.3

.. 6.9 16.4 3.0 1.2 0.2 41.5 3.2 0.2 27.4

.. 6.0 14.9 3.2 1.0 0.2 44.4 4.0 0.4 25.7

.. 6.3 14.9 4.0 1.0 0.2 42.9 4.0 0.4 26.3

.. 6.2 12.6 5.1 1.1 0.2 43.1 4.5 0.4 26.9

155 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 446 0 0 0 .. 0 0 0 0 .. 259 0 0 6 .. 252 0 0 6 .. 7 0 0 0 .. 131 0 0 1 .. 129 0 0 1 .. 2 0 0 0 .. 9 0 0 1 .. 15 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 1,007 -493 866 -1,155 278 88 242 -13 13 -61 275 -198 .. 125 .. 131 0 0 1 .. -9 0 0 -1 .. 400 -850 93 -617 511 -353 .. 273 176 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

4,810 0 2,220 2,072 149 1,298 1,247 51 2,086 1,467 0 0

0 0 61 61 1 18 17 0 75 27 0 0

-356 20 27 0 0 -373 -30

-173 2 132 0 0 -294 -14

-1,460 244 -2,834 1,298 -2,086 643 1,277

1,111 -67 23 18 -75 910 302

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 6 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

6.5 12.5 3.6 18.3

5.1 22.7 6.3 39.4

5.9 23.8 6.4 30.6

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

4.5 29.4 7.5 43.7

0.9 40.3 9.6 77.3

2.6 32.6 8.6 59.8

2.8 28.9 8.5 57.2

5.9 23.8 6.4 30.6

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

4.5 29.4 7.5 43.7

0.8 43.5 10.3 81.6

6.9 10.1 3.0 13.3

9.8 9.5 1.6 1.6

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

2.0 11.1 2.9 37.6

258 438 109 0 0 0 0 27 298 109 0 0 0 0 231 140 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

4,042 4,042 0

300 270 30

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

111 397 155

146 401 150

144 370 187

111 364 179

85 357 170

58 341 162

42 285 155

16 353 146

5 362 135

4 371 125

110 362 151

146 372 146

144 338 184

111 331 176

85 324 169

58 309 160

42 281 154

16 349 145

5 357 135

4 367 125

25 314 126

15 324 120

1 289 158

0 277 150

0 269 142

0 253 134

0 224 127

0 291 119

0 291 109

0 290 99

85 47 26

131 48 26

143 49 27

111 54 27

85 55 27

58 56 27

42 57 27

16 57 26

5 66 26

4 77 25

0 35 4

0 30 3

0 33 3

0 33 2

0 33 2

0 33 1

0 4 1

0 4 1

0 4 0

0 4 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 35 4

0 30 3

0 32 3

0 32 2

0 32 2

0 32 1

0 4 1

0 4 1

0 4 0

0 4 0

156 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

119 118 118 0 0 0 0 0 0 1 0 1 0

1,526 1,257 1,257 0 22 247 4 2 2 10 5 5 0

4,947 4,200 4,200 0 11 736 181 77 104 571 127 443 1,877

5,071 4,284 4,284 0 34 753 371 227 144 1,228 671 558 2,420

5,119 4,251 4,251 0 34 834 511 343 167 1,474 831 642 1,212

5,033 3,934 3,934 0 29 1,070 588 419 169 1,623 942 681 968

4,887 3,758 3,758 0 41 1,088 667 496 171 1,806 1,093 714 947

4,491 3,631 3,631 0 39 821 724 553 171 1,971 1,218 753 803

5,152 3,974 3,974 0 33 1,145 874 693 181 2,278 1,489 788 1,129

5,516 4,426 4,426 0 28 1,062 1,042 849 193 2,649 1,814 835 1,300

18 18 0 6 6 0 13 0 3 3 0 0 10 9 9 0 0

526 522 4 41 34 7 541 56 68 37 1 31 473 109 71 8 31

318 312 5 362 355 7 93 138 169 120 1 48 -75 531 475 8 48

24 24 0 55 53 2 96 127 57 40 1 16 39 112 93 3 16

10 0 10 18 7 11 -66 -58 23 6 1 16 -90 41 13 11 16

0 0 0 4 0 4 154 158 21 0 1 20 133 25 0 5 20

14 0 14 5 5 0 -52 -61 37 7 1 30 -90 43 12 1 30

38 38 0 56 54 1 -341 -324 36 26 1 9 -378 92 80 2 9

2 2 0 18 10 8 158 174 7 3 1 3 151 25 13 9 3

24 24 0 31 24 8 -258 -251 30 28 0 2 -288 61 51 8 2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

23 13 5 0 5 10 19 4

548 488 40 0 20 37 108 440

29 -43 23 0 50 51 106 -77

285 -30 79 0 235 31 205 79

80 -7 33 0 54 30 47 33

668 0 538 0 130 21 130 538

193 -5 166 0 32 19 27 166

96 -17 77 0 35 20 19 77

384 -8 331 0 61 25 53 331

234 0 201 0 33 33 33 201

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

20 3 0 17 3

505 37 6 83 421

-90 120 0 38 -129

145 40 99 165 -20

150 6 -77 41 109

488 0 181 130 358

-280 7 466 20 -300

-299 26 369 -7 -292

-191 3 572 50 -241

-172 28 378 5 -177

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

267 .. 0 .. 9 ..

1,544 1,030 3 1,195 93 -167

1,480 1,490 2 1,727 4 -241

1,645 1,737 12 1,961 43 -231

2,275 2,644 10 2,013 225 648

1,954 2,217 12 2,228 72 -28

2,198 2,461 1 2,484 35 -34

2,681 1,550 1 1,545 39 -3

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 44.5 .. .. 1.1 7.5 .. 0.3 62.8 24.7

148.2 98.8 10.6 6.6 4.4 6.1 0.9 16.2 26.5 7.7

343.5 346.0 2.8 1.6 1.6 0.1 0.0 16.3 36.8 12.2

289.8 305.9 1.4 1.2 1.3 0.8 0.3 21.3 34.4 11.9

184.9 214.8 1.6 1.4 1.6 4.6 1.3 22.3 33.7 11.7

202.6 229.9 4.1 1.6 1.9 1.6 0.4 18.3 36.2 11.9

209.4 234.4 1.0 0.3 0.3 0.7 0.2 22.2 34.9 11.0

355.9 205.7 4.0 1.9 1.1 0.7 0.3 19.3 37.1 11.3

3. MAJOR ECONOMIC AGGREGATES 2,324 1,503 0 1,757 10 -251

1,661 1,768 5 1,925 63 -156

4. DEBT INDICATORS 329.2 212.9 35.3 11.2 7.3 0.2 0.1 14.9 35.1 11.5

286.7 305.3 6.4 3.2 3.4 1.2 0.4 14.9 36.6 12.2

157 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

118 118 104 29 0 75 75 14 0 0 14 0 0 0

1,257 1,257 605 118 49 487 355 652 0 282 370 0 0 0

4,200 4,200 3,055 568 151 2,487 1,588 1,145 0 724 421 0 0 0

29 0

39 22

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

18 18 16 0 0 16 16 2 0 0 2 0 0 0

1997

1998

1999

2000

2001

2002

2003

4,284 4,284 3,452 619 239 2,832 1,615 832 0 748 84 0 0 0

4,251 4,251 3,437 625 243 2,812 1,643 814 0 725 89 0 0 0

3,934 3,934 3,152 601 234 2,551 1,496 782 0 703 79 0 0 0

3,758 3,758 2,993 570 223 2,424 1,424 764 0 691 73 0 0 0

3,631 3,631 2,878 535 250 2,343 1,378 753 0 683 69 0 0 0

3,974 3,974 3,185 569 266 2,617 1,534 789 0 708 81 0 0 0

4,426 4,426 3,591 626 312 2,965 1,735 835 0 739 96 0 0 0

164 75

73 165

71 168

68 166

65 159

16 187

10 198

3 235

522 522 109 23 10 87 39 412 0 277 135 0 0 0

312 312 127 11 1 116 113 185 0 174 11 0 0 0

24 24 24 22 1 2 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

38 38 38 38 38 0 0 0 0 0 0 0 0 0

2 2 2 2 2 0 0 0 0 0 0 0 0 0

24 24 24 24 24 0 0 0 0 0 0 0 0 0

0 0

2 1

2 0

0 1

0 0

0 0

0 0

0 38

0 2

0 24

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 6 2 1 0 1 1 4 0 0 4 0 0 0

34 34 21 5 0 16 11 12 0 0 12 0 0 0

355 355 70 30 2 40 1 285 0 257 28 0 0 0

53 53 53 38 0 15 0 0 0 0 0 0 0 0

7 7 7 7 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

5 5 5 5 1 0 0 0 0 0 0 0 0 0

54 54 54 54 5 0 0 0 0 0 0 0 0 0

10 10 10 10 3 0 0 0 0 0 0 0 0 0

24 24 24 24 4 0 0 0 0 0 0 0 0 0

1 0

4 0

6 0

3 0

3 0

0 0

2 1

48 5

6 2

6 2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

13 13 14 -1 0 15 14 -1 0 0 -1 0 0 0

488 488 88 17 10 71 28 400 0 277 123 0 0 0

-43 -43 57 -19 0 76 113 -100 0 -83 -17 0 0 0

-30 -30 -30 -16 1 -14 2 0 0 0 0 0 0 0

-7 -7 -7 -7 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

-5 -5 -5 -5 -1 0 0 0 0 0 0 0 0 0

-17 -17 -16 -16 32 0 0 0 0 0 0 0 0 0

-8 -8 -8 -8 -1 0 0 0 0 0 0 0 0 0

0 0 0 0 20 0 0 0 0 0 0 0 0 0

-1 0

-2 1

-4 0

-3 1

-3 0

0 0

-2 -1

-48 32

-6 0

-6 21

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

158 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

3 3 3 2 0 1 1 1 0 0 1 0 0 0

37 37 25 6 1 19 11 12 0 2 11 0 0 0

120 120 68 30 1 38 28 52 0 44 8 0 0 0

40 40 40 37 1 3 0 0 0 0 0 0 0 0

6 6 6 6 1 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 7 7 1 0 0 0 0 0 0 0 0 0

26 26 26 26 4 0 0 0 0 0 0 0 0 0

3 3 3 3 2 0 0 0 0 0 0 0 0 0

28 28 28 23 3 5 1 0 0 0 0 0 0 0

2 0

4 0

12 1

1 0

1 1

0 0

1 1

22 4

1 2

1 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 10 11 -3 0 14 14 -2 0 0 -2 0 0 0

451 451 63 12 10 52 17 387 0 275 112 0 0 0

-163 -163 -12 -50 -2 38 84 -151 0 -127 -24 0 0 0

-70 -70 -70 -53 0 -17 2 0 0 0 0 0 0 0

-13 -13 -13 -13 -1 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

-12 -12 -12 -12 -2 0 0 0 0 0 0 0 0 0

-43 -43 -42 -42 28 0 0 0 0 0 0 0 0 0

-11 -11 -11 -11 -3 0 0 0 0 0 0 0 0 0

-28 -28 -28 -23 17 -5 -1 0 0 0 0 0 0 0

-3 0

-6 1

-16 -1

-4 0

-4 -1

0 0

-4 -1

-70 28

-8 -2

-7 20

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9 9 5 3 0 2 2 4 0 0 4 0 0 0

71 71 46 11 1 35 22 25 0 2 23 0 0 0

475 475 138 60 3 78 29 337 0 301 36 0 0 0

93 93 93 75 1 19 0 0 0 0 0 0 0 0

13 13 13 13 1 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

12 12 12 12 2 0 0 0 0 0 0 0 0 0

80 80 80 80 10 0 0 0 0 0 0 0 0 0

13 13 13 13 5 0 0 0 0 0 0 0 0 0

51 51 51 46 6 5 1 0 0 0 0 0 0 0

3 0

8 0

18 1

4 1

4 1

0 0

4 1

70 10

8 4

7 4

42 35 7

735 221 514

400 338 62

226 93 134

6 6 0

5 5 0

5 5 0

5 5 0

54 54 0

65 65 0

75 0 118 0

404 82 1,257 0

1,739 882 4,200 0

1,854 1,047 4,284 0

1,886 1,001 4,251 0

1,730 967 3,934 0

1,648 945 3,758 0

1,627 898 3,631 0

1,800 930 3,974 0

2,047 971 4,426 0

.. 2.6 37.6 0.2 6.5 0.3 29.0 0.6 0.5 22.6

44.6 .. .. 0.2 6.6 0.3 30.2 0.0 0.5 17.7

48.2 .. .. 0.2 6.7 0.3 27.7 0.0 0.5 16.4

51.8 .. .. 0.2 6.6 0.3 25.5 0.0 0.5 15.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 5.2 14.1 0.0 0.6 0.0 2.3 24.7 0.0 53.1

.. 1.1 31.0 0.0 0.0 2.1 25.1 3.1 0.0 37.5

.. 2.4 51.2 0.2 5.7 0.4 16.6 3.9 0.6 19.1

.. 2.7 41.4 0.2 6.3 0.3 26.0 1.7 0.5 21.0

.. 2.9 41.7 0.2 6.3 0.3 25.9 0.6 0.5 21.6

.. 2.7 38.8 0.2 6.8 0.3 27.9 0.6 0.5 22.3

159 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 780 91 69 36 .. 0 0 0 0 .. 386 70 53 25 .. 101 70 53 25 .. 285 0 0 0 .. 370 19 16 7 .. 248 19 16 7 .. 121 0 0 0 .. 0 37 35 17 .. 0 4 4 2 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 668 -170 48 -86 541 93 96 -66 154 .. -167 89 139 77 .. 370 19 16 7 -17 .. 0 -37 -35 .. 321 -432 36 -305 52 95 -42 -2 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-146 -52 79 0 0 -163 -10

-396 -341 57 0 0 -117 6

662 158 150 0 0 340 14

364 -258 168 0 0 444 10

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 13 .. .. .. .. ..

2.8 18.3 6.5 49.5

7.6 11.1 3.2 13.1

5.1 15.7 6.8 32.0

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

0.8 39.8 10.3 80.7

0.8 39.4 9.9 80.2

0.8 39.6 10.1 80.4

2.3 19.6 6.6 53.6

3.5 25.3 6.7 46.5

4.3 16.9 7.2 37.3

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

0.8 39.8 10.3 80.7

0.8 39.4 9.9 80.2

0.8 39.6 10.1 80.4

4.2 14.9 6.2 38.9

8.5 8.1 2.4 6.2

9.9 8.3 4.1 -0.5

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

31 966 192 0 0 0 0 23 165 165 0 0 0 0 9 801 27 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

43 43 0

47 47 0

28 28 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

13 222 65

14 222 56

13 214 46

10 139 37

7 130 30

4 131 23

3 54 17

1 52 16

0 56 14

0 60 13

13 222 65

14 222 56

13 214 46

10 139 37

7 130 30

4 131 23

3 54 17

1 52 16

0 56 14

0 60 13

0 187 58

0 189 50

0 183 42

0 110 34

0 111 27

0 113 20

0 36 15

0 33 13

0 36 12

0 40 11

13 35 7

14 33 6

13 31 4

10 29 4

7 19 3

4 18 3

3 18 3

1 19 3

0 20 2

0 20 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 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

160 COSTA RICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

287 246 134 112 0 41 0 0 0 0 0 0 0

2,744 2,112 1,700 412 57 575 0 0 0 2 0 2 0

3,756 3,367 3,063 304 11 377 77 76 2 173 167 6 297

3,478 2,940 2,769 172 0 538 29 25 4 77 75 2 146

3,960 3,270 3,032 237 0 690 28 24 4 78 76 2 59

4,216 3,439 3,195 244 0 777 21 17 3 79 77 2 87

4,456 3,500 3,264 236 0 956 20 17 3 78 76 2 62

4,650 3,489 3,273 216 0 1,161 20 16 3 75 73 2 99

4,834 3,335 3,139 196 0 1,499 16 16 0 76 74 2 180

5,424 3,797 3,622 175 0 1,626 16 16 0 77 75 2 144

62 60 2 45 41 4 17 0 14 14 0 0 2 59 55 4 0

556 536 20 176 164 12 602 222 179 171 4 4 424 354 335 16 4

206 206 0 295 269 26 -108 -20 206 171 3 32 -315 501 440 29 32

278 278 0 358 358 1 84 164 208 183 0 26 -125 567 540 1 26

600 600 0 331 331 0 423 154 215 181 0 34 208 546 512 0 34

513 513 0 356 356 0 251 94 194 154 0 40 57 550 510 0 40

508 508 0 387 387 0 300 179 261 205 0 56 38 648 592 0 56

444 444 0 416 416 0 234 206 282 239 0 43 -48 697 654 0 43

171 171 0 390 390 0 122 341 280 239 0 41 -158 670 629 0 41

885 885 0 525 525 0 487 128 316 254 0 62 171 841 779 0 62

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

48 19 26 0 3 4 15 33

425 373 53 0 0 14 177 248

210 -63 163 0 110 73 188 22

358 -80 408 0 30 44 -88 446

909 269 613 0 26 50 54 854

800 157 620 0 24 24 -98 899

555 121 409 0 25 24 -55 609

502 28 454 0 21 42 -128 630

465 -220 662 0 22 29 -138 602

960 360 577 0 24 29 118 842

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

34 14 0 11 23

234 171 20 135 99

-21 171 60 84 -105

-3 183 179 -210 207

345 181 383 -59 404

-1,078 154 1,724 -196 -882

-791 205 1,141 -157 -635

-332 239 596 -227 -105

-280 239 506 -233 -47

-4 254 710 30 -35

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

969 .. 0 .. 16 ..

4,615 1,219 4 1,897 197 -664

13,975 8,553 126 9,211 1,461 -666

14,694 8,113 136 8,793 1,318 -707

15,601 7,204 198 7,888 1,330 -713

16,286 7,692 251 8,555 1,497 -916

16,579 8,671 321 9,545 1,837 -967

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 29.6 .. .. 1.5 5.7 .. 14.3 16.2 19.9

225.2 59.5 29.1 14.7 3.9 7.2 1.2 21.0 9.1 16.4

49.3 30.2 6.4 2.3 1.4 34.7 1.9 18.4 15.7 32.1

54.9 30.3 8.0 3.2 1.8 29.6 1.8 21.4 13.1 29.1

64.5 29.8 9.7 3.9 1.8 28.6 2.0 25.0 11.4 27.8

62.8 29.7 8.7 3.6 1.7 31.0 2.1 31.0 10.3 26.0

62.5 32.7 9.7 3.6 1.9 33.9 2.3 30.0 9.4 27.0

3. MAJOR ECONOMIC AGGREGATES 5,460 2,094 12 2,709 525 -424

12,580 5,650 130 6,141 1,262 -481

13,629 7,177 128 7,698 1,064 -521

4. DEBT INDICATORS 179.4 68.8 23.9 9.9 3.8 14.0 2.3 10.0 23.6 30.4

61.6 27.6 10.0 3.7 1.7 36.3 2.5 15.5 21.0 36.8

55.2 29.1 7.6 3.0 1.6 26.9 1.7 17.4 17.4 34.8

161 COSTA RICA (US$ million, unless otherwise indicated) 1970

1980

1990

246 134 96 57 11 39 36 38 1 20 17 112 0 112

2,112 1,700 791 450 121 341 128 909 141 712 55 412 0 412

3,367 3,063 2,359 1,141 246 1,218 642 704 609 41 54 304 0 304

36 5

178 5

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

60 30 19 12 4 7 7 10 0 6 4 30 0 30

1997

1998

1999

2000

2001

2002

2003

2,940 2,769 2,070 1,280 192 791 537 698 605 61 32 172 0 172

3,270 3,032 2,158 1,377 186 782 504 874 789 55 31 237 0 237

3,439 3,195 2,049 1,351 191 697 471 1,146 1,072 45 29 244 0 244

3,500 3,264 1,909 1,295 182 615 399 1,355 1,292 36 26 236 0 236

3,489 3,273 1,718 1,294 187 424 344 1,555 1,500 28 27 216 0 216

3,335 3,139 1,624 1,256 197 368 301 1,515 1,456 34 25 196 0 196

3,797 3,622 1,820 1,466 214 354 296 1,802 1,661 118 23 175 0 175

409 3

191 2

172 2

149 2

121 2

102 2

91 1

80 1

536 435 200 97 42 103 20 235 97 120 17 102 0 102

206 201 170 89 13 81 76 31 0 30 1 5 0 5

278 278 191 183 19 8 6 87 50 36 1 0 0 0

600 513 311 219 9 92 9 202 200 0 2 87 0 87

513 485 183 169 16 14 13 301 300 0 1 28 0 28

508 499 249 130 10 118 10 250 250 0 0 9 0 9

444 444 194 181 18 13 13 250 250 0 0 0 0 0

171 171 155 145 23 10 10 15 0 15 0 0 0 0

885 885 319 298 20 21 4 565 450 115 0 0 0 0

5 0

29 0

5 0

20 0

20 0

12 0

6 0

8 0

12 0

7 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

41 21 7 3 0 4 3 14 1 12 1 20 0 20

164 76 22 15 2 7 3 53 0 41 12 88 0 88

269 263 92 79 10 14 3 171 42 124 5 6 0 6

358 336 309 159 13 150 79 27 10 14 3 21 0 21

331 309 283 161 15 122 63 27 16 7 4 21 0 21

356 334 305 192 15 114 62 29 17 10 3 21 0 21

387 370 328 149 15 179 61 42 30 9 3 17 0 17

416 396 342 151 14 191 57 54 42 9 2 20 0 20

390 370 315 234 12 81 68 55 44 10 2 20 0 20

525 504 225 155 16 70 43 279 246 32 2 21 0 21

2 0

7 0

45 0

54 0

40 0

34 0

33 0

27 0

23 0

18 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

19 9 12 9 4 3 4 -3 -1 -5 3 10 0 10

373 359 178 82 40 96 17 182 97 79 5 14 0 14

-63 -62 78 11 4 67 73 -139 -42 -94 -4 -1 0 -1

-80 -58 -118 24 6 -142 -73 60 40 21 -2 -21 0 -21

269 204 28 58 -7 -30 -54 176 184 -7 -2 65 0 65

157 150 -122 -22 1 -100 -49 272 283 -10 -1 7 0 7

121 129 -80 -19 -5 -61 -51 209 220 -9 -3 -8 0 -8

28 48 -148 30 5 -178 -44 196 208 -9 -2 -20 0 -20

-220 -200 -160 -89 10 -71 -57 -39 -44 6 -2 -20 0 -20

360 380 94 143 3 -49 -39 286 204 83 -2 -21 0 -21

3 0

23 0

-40 0

-34 0

-21 0

-23 0

-27 0

-19 0

-11 0

-12 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

162 COSTA RICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

14 7 4 3 0 1 1 3 0 2 1 7 0 7

171 130 42 27 3 15 3 88 6 78 4 41 0 41

171 169 104 77 5 27 9 65 24 36 5 2 0 2

183 167 122 86 3 36 20 44 37 4 4 16 0 16

181 162 114 85 4 29 17 48 39 6 4 19 0 19

154 141 98 83 3 15 6 43 37 3 3 13 0 13

205 189 102 82 3 20 14 87 80 4 3 16 0 16

239 224 100 83 3 17 12 124 116 4 4 14 0 14

239 226 95 83 5 12 11 131 123 5 4 12 0 12

254 243 88 77 6 11 10 156 147 4 4 11 0 11

2 0

15 0

33 0

16 0

12 0

13 0

12 0

10 0

8 0

6 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5 2 8 6 3 2 3 -6 -1 -7 2 3 0 3

202 229 135 54 37 81 14 94 91 2 1 -28 0 -28

-234 -231 -26 -67 -1 40 64 -204 -66 -130 -9 -3 0 -3

-262 -225 -240 -63 3 -177 -94 15 4 17 -6 -38 0 -38

88 42 -86 -26 -10 -59 -71 128 145 -12 -5 46 0 46

3 9 -220 -105 -2 -115 -55 229 246 -13 -4 -6 0 -6

-84 -61 -182 -101 -8 -81 -65 121 140 -13 -6 -24 0 -24

-211 -176 -248 -53 1 -195 -56 72 91 -13 -6 -34 0 -34

-458 -426 -255 -172 6 -83 -68 -171 -166 1 -6 -32 0 -32

105 137 7 66 -3 -60 -49 130 57 79 -6 -32 0 -32

1 0

8 0

-73 0

-50 0

-33 0

-35 0

-39 0

-29 0

-19 0

-18 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

55 28 11 6 0 5 4 16 1 14 2 28 0 28

335 206 65 43 5 22 6 141 6 119 16 129 0 129

440 432 196 156 15 40 12 236 66 160 10 8 0 8

540 503 431 246 17 186 99 72 46 18 7 38 0 38

512 471 396 245 19 151 80 75 55 12 8 41 0 41

510 476 403 274 19 129 68 73 54 13 5 34 0 34

592 559 430 231 18 199 75 129 110 13 6 33 0 33

654 620 442 234 17 208 69 178 159 13 6 34 0 34

629 596 410 317 17 93 79 186 166 14 6 32 0 32

779 748 313 231 23 81 53 435 393 37 6 32 0 32

4 0

21 0

78 0

70 0

52 0

47 0

45 0

37 0

31 0

24 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

95 93 2

797 623 174

1,053 1,038 15

1,028 1,023 4

762 761 2

564 564 0

655 655 0

730 592 137

648 499 149

589 411 178

47 122 130 116

249 1,203 1,655 457

888 1,061 3,059 308

729 881 2,767 173

690 994 3,031 239

662 972 3,193 245

582 877 3,263 237

530 799 3,272 217

498 793 3,138 197

510 998 3,621 176

.. 0.4 0.1 4.5 0.0 0.0 77.4 16.1 0.0 1.4

1.5 .. .. 3.7 0.0 0.0 81.0 13.6 0.0 0.2

1.7 .. .. 3.8 0.0 0.0 81.3 12.8 0.0 0.2

1.6 .. .. 3.4 0.0 0.0 84.9 9.8 0.0 0.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 2.0 0.0 0.0 2.8 0.0 67.1 28.2 0.0 0.0

.. 3.1 0.2 0.5 0.5 0.7 69.2 18.2 0.0 7.6

.. 2.6 1.0 3.0 0.2 0.0 58.2 31.4 0.2 3.4

.. 1.3 0.2 6.0 0.1 0.0 58.7 32.1 0.1 1.5

.. 1.0 0.2 5.7 0.0 0.0 67.9 23.2 0.1 1.8

.. 0.6 0.1 5.6 0.0 0.0 72.3 19.5 0.0 1.7

163 COSTA RICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 641 0 0 0 .. 469 0 0 0 .. 20 0 0 0 .. 19 0 0 0 .. 0 0 0 0 .. 151 0 0 0 .. 10 0 0 0 .. 141 0 0 0 .. 0 2 0 0 .. 187 0 0 0 .. 668 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. -834 -13 482 256 602 -108 84 423 251 .. -308 0 -1 -7 0 0 0 .. 151 .. -668 -2 0 0 52 -112 -6 5 .. .. 47 17 66 7 9. AVERAGE TERMS OF NEW COMMITMENTS

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

240 300 0 0 0 -29 -31

194 234 -1 0 0 -63 24

184 122 -3 0 0 57 9

590 487 0 0 0 66 37

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 17 .. .. .. .. ..

5.6 27.7 6.3 33.6

11.2 13.3 5.0 -1.2

6.9 15.4 4.4 18.2

7.3 12.7 2.7 12.7

7.3 4.0 4.0 6.8

9.3 10.1 10.1 4.1

7.9 11.3 9.9 3.5

7.2 12.0 6.1 14.0

5.6 22.2 2.1 26.8

6.4 8.0 5.0 12.9

5.3 29.8 7.2 37.3

7.2 18.3 6.3 19.4

6.4 17.6 5.0 21.1

6.8 14.9 3.7 16.6

5.3 1.1 1.1 4.6

0.0 0.0 0.0 0.0

6.3 4.3 1.8 6.2

5.9 17.2 2.0 22.5

5.5 26.6 2.1 30.2

5.7 8.3 2.3 12.8

7.1 14.8 0.9 12.2

15.8 7.6 3.6 -24.4

9.5 3.2 1.1 2.2

8.4 7.8 0.7 4.3

8.0 5.1 5.1 7.7

9.3 10.1 10.1 4.1

10.0 20.4 20.4 0.0

7.7 10.3 7.4 11.1

5.9 12.3 2.3 19.1

6.7 7.8 6.1 13.0

58 625 230 266 275 300 574 49 330 195 182 75 0 324 8 295 36 84 200 300 250 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

519 132 387

90 62 28

828 232 596

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

244 389 243

170 378 231

86 344 215

40 320 199

24 472 177

15 580 143

8 231 116

1 441 93

1 152 74

1 398 56

146 278 89

117 273 80

65 242 69

34 221 58

24 173 49

15 181 41

8 144 33

1 116 27

1 110 21

1 106 16

5 71 9

5 38 7

3 29 6

3 27 5

2 26 4

2 25 3

0 23 3

0 17 2

0 13 1

0 13 1

140 206 80

112 235 73

62 213 63

31 194 53

22 148 45

13 156 37

7 121 31

1 99 25

1 97 20

1 92 15

98 111 154

53 105 151

21 102 146

6 99 141

0 299 128

0 399 102

0 87 82

0 325 67

0 42 53

0 292 40

98 43 9

53 38 9

21 32 8

6 29 7

0 29 6

0 29 5

0 29 4

0 29 3

0 16 2

0 16 1

0 69 145

0 67 142

0 70 138

0 70 133

0 270 122

0 370 97

0 58 78

0 296 64

0 26 51

0 276 39

164 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

374 267 256 11 0 107 0 0 0 0 0 0 0

7,462 6,339 4,327 2,012 65 1,059 0 0 0 0 0 0 0

17,251 13,223 10,665 2,558 431 3,597 819 66 753 1,727 16 1,710 3,560

15,609 12,498 10,427 2,071 450 2,661 87 78 9 147 98 48 2,749

14,852 12,632 10,800 1,833 644 1,576 9 0 9 49 1 48 1,584

13,170 11,295 9,699 1,596 620 1,256 8 0 8 45 1 43 1,277

12,138 10,546 9,063 1,482 549 1,043 79 70 8 169 125 44 1,328

11,618 9,975 8,603 1,372 464 1,179 376 216 160 466 375 91 1,318

11,791 10,369 9,110 1,259 491 932 267 60 207 284 179 105 1,456

12,187 10,844 9,701 1,144 425 917 359 115 245 374 222 152 1,552

82 82 0 30 30 0 51 0 12 12 0 0 39 43 43 0 0

1,777 1,739 38 722 722 0 1,257 202 685 590 0 95 572 1,407 1,312 0 95

1,172 1,019 153 621 498 123 1,189 639 641 443 31 167 548 1,262 941 155 167

236 236 0 838 816 22 412 1,015 521 413 3 105 -109 1,360 1,229 25 105

613 445 168 670 670 0 -1,064 -1,007 713 615 3 96 -1,778 1,383 1,285 3 96

247 247 0 832 823 8 -904 -319 618 544 3 70 -1,521 1,449 1,367 11 70

148 148 0 481 442 39 -617 -283 539 462 3 74 -1,156 1,020 904 42 74

12 12 0 369 302 67 -518 -161 252 215 3 34 -770 621 518 69 34

299 223 76 522 436 86 -362 -139 309 280 3 26 -671 831 716 89 26

57 57 0 430 325 105 -480 -106 142 121 2 18 -622 572 446 107 18

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

94 51 31 0 12 21 46 48

1,139 1,017 95 0 27 100 203 936

855 521 48 0 287 129 798 57

148 -580 415 9 304 100 159 -12

677 -225 380 9 513 95 548 129

120 -577 324 6 367 85 74 46

180 -294 235 1 238 73 103 77

200 -291 273 2 216 70 35 165

676 -213 213 4 673 78 575 102

200 -268 180 4 284 76 131 69

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

82 12 0 41 40

361 590 188 125 235

338 443 75 611 -273

-492 413 227 -109 -383

-230 615 292 179 -410

-758 544 334 -239 -519

-566 462 284 -86 -480

-285 215 270 -78 -207

113 280 284 391 -278

-170 121 248 38 -208

1,413 .. 0 .. 119 ..

9,680 3,640 32 4,761 46 -1,826

11,743 5,411 138 5,144 630 -120

9,897 4,512 119 4,423 668 -241

10,102 4,661 116 4,412 1,019 -61

11,012 6,001 120 4,771 1,863 768

12,992 6,724 141 5,902 2,230 353

.. 26.4 .. .. 0.9 31.8 .. 28.6 32.5 3.8

205.0 77.1 38.7 18.8 7.1 0.6 0.1 14.2 5.9 7.0

243.4 112.2 26.8 11.4 5.3 4.8 1.5 9.5 33.5 23.9

269.0 122.6 22.6 11.9 5.4 5.5 1.8 8.6 34.0 24.4

249.3 115.0 13.3 5.4 2.5 8.8 2.8 10.1 33.4 23.7

196.5 107.1 13.9 5.1 2.8 15.8 4.7 7.9 38.4 25.8

181.3 93.8 8.5 2.1 1.1 18.3 4.5 7.5 40.9 27.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

9,209 3,561 44 4,594 21 -1,214

11,003 5,192 136 4,966 618 -155

12,021 5,390 143 5,287 855 -290

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

484.5 187.3 35.4 18.0 7.0 0.1 0.1 20.8 17.9 20.8

300.6 141.9 26.2 10.0 4.7 4.0 1.5 17.0 28.9 21.1

275.5 123.6 25.7 13.2 5.9 5.8 1.9 10.6 33.3 23.5

165 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970

1980

1990

267 256 143 14 8 129 114 112 21 32 59 11 0 11

6,339 4,327 1,247 523 69 724 369 3,080 15 1,611 1,454 2,012 0 2,012

13,223 10,665 7,686 3,585 1,149 4,101 1,946 2,980 0 2,640 340 2,558 0 2,558

4 0

306 8

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

82 78 43 12 8 31 25 35 6 7 22 4 0 4

1997

1998

1999

2000

2001

2002

2003

12,498 10,427 7,906 3,301 1,434 4,605 3,070 2,521 2,457 16 48 2,071 0 2,071

12,632 10,800 8,302 3,491 1,711 4,812 3,232 2,497 2,434 17 46 1,833 0 1,833

11,295 9,699 7,256 3,148 1,679 4,108 2,739 2,443 2,389 15 40 1,596 0 1,596

10,546 9,063 6,669 2,958 1,676 3,711 2,450 2,394 2,343 14 37 1,482 0 1,482

9,975 8,603 6,211 2,758 1,622 3,453 2,257 2,392 2,343 14 35 1,372 0 1,372

10,369 9,110 6,752 3,040 1,973 3,712 2,553 2,358 2,343 0 15 1,259 0 1,259

10,844 9,701 7,341 3,289 2,146 4,052 2,841 2,359 2,343 1 16 1,144 0 1,144

1,913 7

1,044 1,100

942 1,337

708 1,360

599 1,366

499 1,318

479 1,589

481 1,786

1,739 1,414 231 136 8 95 34 1,183 0 634 550 325 0 325

1,019 769 758 460 21 298 283 11 0 2 9 250 0 250

236 185 185 181 147 3 3 0 0 0 0 52 0 52

445 393 389 299 253 90 59 4 0 0 4 52 0 52

247 194 191 111 75 80 66 3 0 0 3 53 0 53

148 148 148 148 131 0 0 0 0 0 0 0 0 0

12 12 12 12 10 0 0 0 0 0 0 0 0 0

223 223 223 223 211 0 0 0 0 0 0 0 0 0

57 57 57 57 55 0 0 0 0 0 0 0 0 0

3 0

86 0

261 0

0 140

0 190

0 53

0 76

0 5

0 174

0 52

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

30 28 9 0 0 9 6 19 2 2 15 2 0 2

722 517 55 17 2 38 16 462 0 301 161 205 0 205

498 319 247 230 70 16 5 72 1 25 46 179 0 179

816 525 329 264 44 65 24 196 0 193 3 292 0 292

670 380 354 255 42 99 64 26 23 0 3 290 0 290

823 533 484 238 42 246 174 49 46 0 3 290 0 290

442 329 283 143 34 140 97 46 46 0 0 113 0 113

302 192 192 106 3 86 67 0 0 0 0 110 0 110

436 322 322 229 16 93 79 1 0 0 1 114 0 114

325 210 210 99 12 111 98 0 0 0 0 115 0 115

0 0

7 0

125 0

158 0

139 0

121 0

57 0

72 0

90 13

82 8

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

51 49 34 12 8 22 19 15 3 5 7 2 0 2

1,017 897 176 120 6 57 18 721 0 332 389 120 0 120

521 450 511 229 -49 282 278 -62 -1 -23 -37 71 0 71

-580 -340 -144 -83 103 -62 -20 -196 0 -193 -3 -240 0 -240

-225 13 35 44 212 -9 -5 -22 -23 0 1 -238 0 -238

-577 -340 -294 -127 33 -167 -108 -46 -46 0 -1 -237 0 -237

-294 -181 -135 5 97 -140 -97 -46 -46 0 0 -113 0 -113

-291 -181 -181 -94 7 -86 -67 0 0 0 0 -110 0 -110

-213 -99 -98 -6 196 -93 -79 -1 0 0 -1 -114 0 -114

-268 -153 -153 -42 43 -111 -98 0 0 0 0 -115 0 -115

3 0

78 0

136 0

-158 140

-139 190

-121 53

-57 75

-72 5

-90 161

-82 44

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

166 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 4 0 0 4 3 7 1 3 4 0 0 0

590 353 77 32 1 45 13 275 1 176 98 237 0 237

443 205 187 176 3 12 2 18 0 7 12 237 0 237

413 270 269 165 10 103 65 1 0 0 1 143 0 143

615 506 369 140 11 229 134 137 136 0 1 109 0 109

544 458 313 129 12 184 106 146 145 0 1 86 0 86

462 342 189 78 11 111 47 153 153 0 0 120 0 120

215 113 113 70 9 44 38 0 0 0 0 102 0 102

280 184 184 144 19 40 36 0 0 0 0 96 0 96

121 92 92 47 13 46 43 0 0 0 0 29 0 29

0 0

22 0

141 0

87 8

69 8

57 10

32 8

38 8

49 15

31 11

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

39 38 29 11 8 18 15 8 2 2 3 2 0 2

427 544 99 87 6 11 5 446 -2 156 291 -117 0 -117

78 245 324 54 -52 271 276 -80 -1 -30 -49 -167 0 -167

-993 -610 -413 -248 93 -165 -85 -197 0 -193 -4 -383 0 -383

-840 -493 -334 -96 201 -238 -139 -159 -159 0 0 -347 0 -347

-1,121 -798 -606 -256 20 -350 -214 -192 -190 0 -2 -323 0 -323

-756 -523 -324 -73 86 -251 -144 -198 -198 0 0 -233 0 -233

-506 -294 -294 -164 -2 -130 -105 0 0 0 0 -212 0 -212

-493 -283 -282 -149 177 -133 -115 -1 0 0 -1 -210 0 -210

-390 -246 -246 -89 30 -157 -140 0 0 0 0 -144 0 -144

3 0

56 0

-4 0

-245 132

-209 181

-178 43

-90 68

-110 -3

-139 146

-114 33

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

43 40 13 1 0 13 9 27 3 5 19 2 0 2

1,312 870 133 49 3 83 29 738 2 477 259 442 0 442

941 524 434 406 73 28 7 90 1 32 58 417 0 417

1,229 794 597 429 54 168 88 197 0 193 4 435 0 435

1,285 886 723 394 52 328 198 163 159 0 5 399 0 399

1,367 992 797 367 55 430 280 195 190 0 4 376 0 376

904 671 472 221 45 251 144 198 198 0 0 233 0 233

518 306 306 176 12 130 105 0 0 0 0 212 0 212

716 507 506 373 35 133 115 1 0 0 1 210 0 210

446 303 303 145 24 157 140 0 0 0 0 144 0 144

0 0

29 0

266 0

245 8

209 9

178 10

90 8

110 8

139 28

114 20

169 108 61

1,723 747 976

1,221 1,122 99

892 885 8

930 926 4

728 727 1

495 495 0

448 448 0

575 575 0

522 522 0

121 34 255 11

438 3,600 4,277 2,061

3,096 7,400 10,663 2,560

4,503 6,598 10,427 2,071

4,943 6,043 10,800 1,833

4,418 5,418 9,699 1,596

4,126 5,053 9,063 1,482

3,880 4,803 8,603 1,372

4,526 4,896 9,110 1,259

4,987 4,937 9,701 1,144

.. 2.9 25.0 1.4 0.6 0.2 53.7 6.1 0.4 9.6

33.0 .. .. 1.3 0.5 0.2 54.6 5.9 0.4 4.1

31.5 .. .. 1.2 0.4 0.1 56.8 5.1 0.4 4.5

31.8 .. .. 1.2 0.4 0.1 56.9 5.3 0.4 4.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 10.5 47.7 0.0 0.0 0.0 25.4 2.1 0.0 14.3

.. 4.5 34.6 0.6 1.4 6.3 31.5 9.9 0.0 11.2

.. 3.9 38.1 0.9 1.3 2.3 15.5 22.7 0.4 14.9

.. 3.5 27.1 1.1 0.8 0.2 40.9 16.3 0.2 9.8

.. 3.5 27.9 1.2 0.7 0.2 49.4 6.4 0.3 10.5

.. 3.1 25.9 1.5 0.6 0.2 52.0 6.4 0.3 9.9

167 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 930 2,612 319 67 .. 0 0 0 0 .. 590 138 265 34 .. 407 58 264 33 .. 183 80 1 0 .. 286 875 54 30 .. 257 8 53 30 .. 29 867 0 0 .. 50 0 103 16 .. 0 0 20 8 .. 0 4,053 0 0 .. 0 163 0 0 8. DEBT STOCK-FLOW RECONCILIATION -757 -1,682 .. 2,430 -3,915 1,257 1,189 412 -1,064 -904 .. 62 -866 -78 -1 54 30 .. 286 875 -3,890 -103 -16 .. -50 .. 829 -1,715 -327 -783 1,269 762 -7 .. 115 9. AVERAGE TERMS OF NEW COMMITMENTS

72 0 45 44 0 24 24 0 22 7 0 0

40 0 28 28 0 11 11 0 12 2 0 0

325 0 173 165 7 153 151 1 323 140 0 0

197 0 107 107 0 91 91 0 185 79 0 0

-1,032 -617 71 24 -22 -468 -20

-520 -518 297 11 -12 -278 -20

173 -362 -109 153 -323 814 0

395 -480 92 91 -185 940 -64

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 51 .. .. .. .. ..

5.8 18.6 5.4 26.1

11.4 10.3 4.5 -5.6

5.9 20.0 6.3 27.5

1.7 30.2 8.4 65.8

0.5 37.6 9.1 78.5

0.8 48.4 10.4 82.9

0.8 46.2 9.6 81.7

0.0 0.0 0.0 0.0

0.8 42.6 9.9 81.0

0.0 0.0 0.0 0.0

4.9 22.5 7.4 35.3

6.2 18.8 5.7 25.4

5.9 20.0 6.3 27.5

1.6 30.9 8.6 67.3

0.5 37.6 9.1 78.5

0.8 48.4 10.4 82.9

0.8 46.2 9.6 81.7

0.0 0.0 0.0 0.0

0.8 42.6 9.9 81.0

0.0 0.0 0.0 0.0

7.4 12.1 2.1 10.9

11.9 9.5 4.4 -8.5

0.0 0.0 0.0 0.0

5.8 6.2 0.6 10.7

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

70 1,688 764 241 401 32 72 44 144 764 235 401 32 72 26 1,544 0 6 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

315 315 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

277 972 251

77 775 296

55 729 258

36 737 222

30 704 193

19 642 166

13 569 144

7 540 126

3 527 109

2 465 94

277 617 161

77 512 222

55 489 196

36 433 171

30 423 150

19 384 131

13 322 115

7 305 103

3 292 91

2 276 81

0 371 68

0 285 143

0 267 131

0 237 119

0 240 109

0 224 99

0 210 91

0 209 82

0 198 73

0 198 65

277 246 93

77 227 79

55 222 66

36 196 52

30 182 41

19 159 32

13 112 24

7 96 21

3 94 17

2 77 16

0 355 90

0 263 74

0 240 62

0 304 51

0 281 43

0 258 35

0 247 29

0 235 23

0 235 18

0 190 13

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

0 355 90

0 263 74

0 240 62

0 304 51

0 281 43

0 258 35

0 247 29

0 235 23

0 235 18

0 190 13

168 CROATIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

7,981 7,181 4,274 2,907 233 568 29 0 29 180 0 180 1,138

10,470 9,587 4,925 4,662 234 649 45 3 41 212 16 196 1,030

10,818 9,933 5,523 4,410 197 688 49 5 44 231 0 231 977

11,718 10,490 6,111 4,379 158 1,070 45 3 42 209 1 208 554

11,961 10,966 6,424 4,541 122 873 62 4 58 470 9 461 561

15,548 13,277 7,679 5,598 0 2,271 67 2 65 489 0 488 576

23,452 19,174 10,063 9,112 0 4,278 102 6 96 674 8 666 697

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

3,448 3,408 40 785 783 2 2,790 127 376 347 10 19 2,415 1,161 1,129 12 19

2,760 2,760 0 1,334 1,325 9 1,492 66 474 429 11 34 1,018 1,808 1,754 20 34

2,890 2,890 0 1,549 1,518 31 1,375 35 546 504 9 34 829 2,096 2,022 40 34

3,309 3,309 0 2,138 2,109 29 1,557 386 592 549 9 34 964 2,730 2,658 38 34

3,603 3,603 0 2,684 2,654 31 704 -215 660 621 7 32 44 3,344 3,274 38 32

3,686 3,686 0 2,446 2,320 126 2,634 1,394 612 564 3 45 2,022 3,058 2,884 129 45

8,840 8,840 0 2,636 2,636 0 7,619 1,415 753 663 0 90 6,866 3,389 3,299 0 90

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

3,213 2,626 533 16 39 18 173 3,040

2,404 1,435 932 1 36 23 41 2,363

2,849 1,372 1,467 -19 28 32 67 2,781

2,335 1,200 1,089 0 46 31 114 2,221

2,589 950 1,559 14 67 43 83 2,506

2,617 1,366 1,124 64 62 61 169 2,448

8,280 6,204 1,998 15 63 73 249 8,031

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

2,797 347 69 71 2,726

1,869 429 106 -50 1,919

2,275 504 70 -22 2,296

1,624 549 162 34 1,590

1,658 621 311 0 1,658

1,710 564 344 92 1,617

6,637 663 980 171 6,466

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

19,550 8,826 557 10,402 3,025 -1,397

18,019 9,546 644 10,353 3,524 -461

19,346 10,622 728 11,745 4,703 -726

22,296 11,665 870 13,995 5,885 -1,918

27,584 16,198 1,069 18,892 8,191 -2,085

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

122.6 55.3 23.7 6.2 2.8 28.0 3.5 6.4 2.9 5.5

122.8 65.0 28.6 6.2 3.3 30.1 4.1 9.1 2.7 5.1

112.6 61.8 31.5 6.2 3.4 39.3 4.8 7.3 2.7 5.5

133.3 69.7 26.2 5.2 2.7 37.8 5.0 14.6 2.5 5.9

144.8 85.0 20.9 4.6 2.7 34.9 5.2 18.2 2.0 5.5

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

20,086 8,893 617 12,064 2,539 -2,825

21,464 9,445 625 11,098 2,816 -1,468

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

89.7 39.7 13.0 4.2 1.9 31.8 2.5 7.1 3.7 5.9

110.9 48.8 19.1 5.0 2.2 26.9 3.0 6.2 3.1 5.4

169 CROATIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

7,181 4,274 1,545 474 28 1,071 269 2,729 1,962 441 326 2,907 0 2,907

9,587 4,925 1,583 568 55 1,015 272 3,342 2,049 1,047 246 4,662 0 4,662

9,933 5,523 1,494 590 69 904 247 4,029 2,523 1,334 172 4,410 0 4,410

10,490 6,111 1,488 593 76 896 239 4,623 3,136 1,211 276 4,379 0 4,379

10,966 6,424 1,480 654 90 826 232 4,945 3,772 880 293 4,541 0 4,541

13,277 7,679 1,779 911 134 868 250 5,900 4,179 1,427 294 5,598 0 5,598

19,174 10,063 2,211 1,299 195 911 285 7,852 5,315 2,294 242 9,112 0 9,112

.. ..

276 0

336 0

387 0

395 0

427 0

588 0

777 0

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

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

3,408 1,499 277 176 14 101 2 1,223 531 326 367 1,909 0 1,909

2,760 1,044 178 161 29 17 6 866 101 720 46 1,717 0 1,717

2,890 1,215 162 128 23 34 10 1,053 539 402 111 1,675 0 1,675

3,309 1,513 219 83 9 136 17 1,293 833 307 153 1,796 0 1,796

3,603 1,413 133 100 11 33 14 1,280 1,024 181 75 2,190 0 2,190

3,686 1,667 259 217 23 42 9 1,408 672 675 61 2,019 0 2,019

8,840 2,016 376 316 35 60 25 1,640 781 817 41 6,824 0 6,824

.. ..

.. ..

.. ..

115 0

108 0

87 0

55 0

75 0

135 0

160 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

783 374 142 33 0 109 16 232 80 13 139 408 0 408

1,325 494 172 48 6 124 13 322 35 145 142 831 0 831

1,518 338 123 48 0 75 15 215 24 150 42 1,180 0 1,180

2,109 696 151 44 0 107 15 545 129 376 40 1,413 0 1,413

2,654 924 117 36 0 81 17 807 234 489 84 1,729 0 1,729

2,320 1,181 152 60 0 92 17 1,029 699 246 85 1,139 0 1,139

2,636 807 190 73 0 117 24 618 302 197 119 1,829 0 1,829

.. ..

.. ..

.. ..

14 0

17 0

20 0

22 0

18 0

30 0

47 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

2,626 1,125 134 143 13 -8 -14 991 451 312 227 1,501 0 1,501

1,435 550 6 113 23 -107 -7 544 65 575 -96 885 0 885

1,372 877 39 80 23 -41 -5 838 516 252 70 495 0 495

1,200 817 68 39 9 29 2 748 704 -69 113 383 0 383

950 489 16 64 11 -48 -3 473 790 -308 -9 461 0 461

1,366 486 107 157 23 -50 -8 379 -27 429 -24 880 0 880

6,204 1,208 186 243 35 -57 1 1,022 480 620 -78 4,996 0 4,996

.. ..

.. ..

.. ..

100 0

91 0

67 0

34 0

57 0

105 0

113 0

5. LONG-TERM DEBT

170 CROATIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

347 271 102 31 2 71 11 169 113 36 19 76 0 76

429 274 91 32 1 60 9 183 129 30 23 155 0 155

504 358 89 35 3 55 10 268 194 69 5 147 0 147

549 393 80 32 3 48 9 313 223 77 13 156 0 156

621 422 83 31 2 53 11 339 251 74 15 198 0 198

564 378 77 38 5 39 7 301 235 54 12 186 0 186

663 415 78 42 6 37 7 337 259 67 11 248 0 248

.. ..

.. ..

.. ..

15 0

17 0

20 0

19 0

19 0

25 0

24 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

2,279 854 32 112 12 -79 -25 822 338 276 208 1,424 0 1,424

1,006 276 -86 81 22 -167 -16 361 -64 544 -119 730 0 730

868 519 -50 46 21 -96 -15 569 322 183 65 349 0 349

651 423 -12 7 7 -19 -7 435 481 -145 100 228 0 228

329 66 -67 33 9 -101 -13 134 539 -382 -24 263 0 263

803 108 30 118 18 -88 -16 78 -261 375 -36 695 0 695

5,541 793 108 201 29 -93 -6 685 220 553 -89 4,748 0 4,748

.. ..

.. ..

.. ..

86 0

75 0

46 0

14 0

38 0

80 0

88 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

1,129 645 244 64 2 180 27 401 193 50 159 484 0 484

1,754 768 263 79 7 184 23 505 164 175 165 987 0 987

2,022 696 212 82 3 130 25 483 218 219 47 1,327 0 1,327

2,658 1,089 231 76 3 156 24 858 352 452 53 1,569 0 1,569

3,274 1,347 200 67 2 134 27 1,146 484 563 99 1,928 0 1,928

2,884 1,559 229 99 5 131 24 1,330 933 300 97 1,325 0 1,325

3,299 1,223 268 115 6 153 31 955 561 264 130 2,077 0 2,077

.. ..

.. ..

.. ..

29 0

33 0

41 0

41 0

37 0

55 0

72 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

610 422 188

935 491 445

1,234 792 442

689 435 254

1,262 745 517

1,043 700 344

1,423 943 480

.. .. .. ..

.. .. .. ..

.. .. .. ..

297 5,596 3,803 3,378

327 7,713 4,304 5,284

316 7,751 4,795 5,138

315 7,665 5,394 5,097

323 7,611 5,749 5,217

383 9,323 6,997 6,280

479 13,703 9,419 9,755

.. 17.1 1.0 9.6 0.6 2.0 40.8 4.2 0.0 24.7

47.4 .. .. 10.9 0.5 1.8 35.5 3.6 0.0 0.3

56.2 .. .. 10.1 0.4 1.8 28.2 3.1 0.0 0.3

61.3 .. .. 10.9 0.4 1.4 23.5 2.4 0.0 0.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 19.5 2.1 0.8 1.3 1.3 55.6 5.2 0.0 14.2

.. 21.3 1.7 0.5 1.0 1.6 53.6 4.9 0.0 15.4

.. 20.4 1.3 4.9 0.8 1.6 49.9 4.8 0.0 16.3

171 CROATIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 0 16 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 8. DEBT STOCK-FLOW RECONCILIATION .. .. 2,673 2,489 348 .. .. 2,790 1,492 1,375 4 .. .. 8 15 .. .. 0 0 0 .. .. 0 0 0 .. .. -183 130 -267 57 851 -766 .. .. 9. AVERAGE TERMS OF NEW COMMITMENTS

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 1 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

900 1,557 -4 0 0 -206 -446

242 704 17 0 0 -214 -265

3,588 2,634 5 0 -1 662 287

7,903 7,619 34 0 0 978 -1,285

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.3 6.9 4.2 14.7

6.0 13.8 2.7 13.6

6.4 8.0 3.4 13.0

5.8 6.3 4.7 17.8

5.2 9.5 6.3 23.4

4.7 8.1 4.9 22.5

3.2 9.5 4.2 29.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.6 11.6 4.0 22.1

3.7 13.6 5.4 35.8

5.7 11.1 3.9 18.3

6.4 12.5 5.7 19.5

4.0 14.5 4.7 34.5

4.1 15.9 5.2 35.7

3.3 16.0 4.5 38.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.6 5.4 4.2 12.4

6.4 13.8 2.2 9.8

6.7 7.0 3.2 11.5

5.8 5.9 4.6 17.7

5.6 7.9 6.8 20.0

4.8 7.0 4.9 20.6

3.2 7.6 4.0 27.1

.. .. .. 1,363 1,284 1,678 1,214 .. .. .. 321 189 385 67 .. .. .. 1,043 1,095 1,294 1,146 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

2,061 478 1,583

1,378 175 1,202

2,250 508 1,743

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

538 2,370 813

338 3,113 721

199 3,335 585

119 2,135 454

82 1,809 363

58 1,861 283

35 1,339 219

23 1,666 126

15 680 72

7 922 236

224 268 79

217 256 77

158 294 72

116 340 66

82 355 58

58 364 47

35 221 37

23 212 30

15 163 23

7 138 19

44 152 29

29 138 25

16 146 21

8 154 16

2 145 11

2 151 6

0 28 2

0 17 1

0 13 1

0 13 0

181 116 50

188 118 52

142 148 51

108 186 50

79 210 47

57 213 41

35 193 35

23 195 29

15 150 22

7 125 18

314 2,102 734

122 2,857 644

41 3,042 513

3 1,795 388

1 1,454 305

0 1,497 236

0 1,118 183

0 1,454 96

0 517 49

0 784 217

283 454 69

104 333 62

34 324 61

1 286 51

0 263 41

0 168 33

0 156 26

0 293 19

0 175 10

0 69 5

31 1,647 666

18 2,524 582

7 2,718 452

2 1,509 337

1 1,191 264

0 1,329 203

0 962 157

0 1,162 77

0 342 38

0 714 212

172 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

23,077 15,009 12,837 2,172 0 8,068 8 0 8 122 0 122 1,010

24,215 16,600 11,558 5,043 0 7,615 11 0 11 48 0 48 1,176

22,797 14,010 7,683 6,327 0 8,787 40 0 40 98 0 98 988

21,531 12,514 6,486 6,028 0 9,018 59 0 59 128 0 128 462

22,747 13,167 5,651 7,515 0 9,581 50 0 50 127 0 127 389

27,551 16,793 6,977 9,816 0 10,758 90 0 90 248 0 248 389

34,630 20,654 8,558 12,096 0 13,976 109 0 109 84 0 84 501

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

4,143 4,143 0 3,331 3,331 0 3,166 2,354 1,129 920 0 209 2,037 4,460 4,251 0 209

5,278 5,278 0 3,458 3,458 0 1,363 -456 1,555 1,134 0 420 -191 5,013 4,592 0 420

2,881 2,881 0 4,229 4,229 0 -205 1,143 1,634 1,214 0 420 -1,839 5,863 5,443 0 420

1,566 1,566 0 3,443 3,443 0 -1,664 212 1,432 1,054 0 378 -3,096 4,874 4,496 0 378

2,274 2,274 0 3,359 3,359 0 -514 572 1,456 1,093 0 364 -1,970 4,815 4,452 0 364

5,057 5,057 0 3,064 3,064 0 1,004 -312 1,363 972 0 391 -390 4,427 4,036 0 391

6,154 6,154 0 4,272 4,272 0 3,457 1,576 1,231 863 0 368 2,226 5,504 5,136 0 368

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

2,555 812 1,287 378 78 38 -4 2,559

6,672 1,820 3,700 1,096 56 40 38 6,634

5,205 -1,348 6,313 120 122 27 163 5,042

3,824 -1,877 4,987 619 94 20 163 3,661

5,264 -1,085 5,641 616 92 19 299 4,965

10,353 1,993 8,497 -265 128 32 120 10,233

5,725 1,881 2,514 1,105 225 38 383 5,342

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

1,578 920 56 -76 1,655

5,184 1,134 354 -28 5,212

2,946 1,214 1,045 98 2,849

1,391 1,054 1,379 98 1,294

2,042 1,093 2,129 231 1,811

6,174 972 3,207 47 6,127

872 863 3,990 306 566

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

57,650 35,167 318 37,220 12,936 -1,466

54,346 37,811 297 40,873 13,142 -2,690

58,678 42,728 257 46,471 14,464 -3,273

70,183 47,614 334 52,791 23,707 -4,265

85,549 59,169 500 65,370 26,955 -5,661

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

64.8 39.5 16.7 4.6 2.8 56.7 4.2 38.5 0.8 3.4

56.9 39.6 12.9 3.8 2.6 61.0 3.9 41.9 1.1 3.5

53.2 38.8 11.3 3.4 2.5 63.6 3.7 42.1 1.3 3.8

57.9 39.3 9.3 2.9 1.9 86.0 5.4 39.0 1.2 3.9

58.5 40.5 9.3 2.1 1.4 77.8 4.9 40.4 1.3 4.2

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

55,502 30,855 85 34,842 10,036 -3,622

59,720 35,263 350 37,088 12,625 -1,308

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

74.8 41.6 14.5 3.7 2.0 43.5 3.5 35.0 0.5 3.3

68.7 40.5 14.2 4.4 2.6 52.1 4.1 31.4 0.7 3.3

173 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

15,009 12,837 1,117 766 23 351 93 11,721 672 10,538 511 2,172 456 1,715

16,600 11,558 1,138 794 24 344 152 10,420 1,376 8,420 623 5,043 671 4,372

14,010 7,683 1,115 782 21 333 166 6,568 1,662 4,135 771 6,327 486 5,841

12,514 6,486 1,107 756 19 351 219 5,379 1,259 3,670 450 6,028 483 5,545

13,167 5,651 1,245 856 18 389 270 4,406 1,237 2,540 629 7,515 200 7,315

16,793 6,977 1,505 1,061 0 444 320 5,472 1,568 3,309 596 9,816 200 9,616

20,654 8,558 1,934 1,453 19 481 415 6,624 1,647 4,541 436 12,096 200 11,896

.. ..

382 0

380 0

324 0

260 0

205 0

185 0

66 0

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

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

4,143 3,422 168 137 0 32 21 3,254 264 2,902 88 721 0 721

5,278 3,012 121 74 0 47 46 2,891 637 2,091 162 2,266 200 2,066

2,881 1,152 164 127 0 37 37 988 427 357 204 1,729 0 1,729

1,566 391 164 81 0 82 77 227 0 227 0 1,175 0 1,175

2,274 374 303 204 0 99 77 71 54 18 0 1,899 0 1,899

5,057 1,005 129 102 0 27 18 876 430 446 0 4,052 0 4,052

6,154 1,794 440 388 17 52 52 1,354 342 1,012 0 4,360 0 4,360

.. ..

.. ..

.. ..

23 0

26 0

21 0

0 0

0 0

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

3,331 2,530 250 213 0 37 0 2,280 23 1,998 258 801 36 765

3,458 2,034 139 54 0 85 0 1,895 0 1,842 53 1,424 0 1,424

4,229 2,147 123 68 0 55 26 2,024 88 1,885 51 2,083 164 1,919

3,443 1,426 95 63 0 33 7 1,331 325 789 216 2,017 0 2,017

3,359 1,271 96 68 0 29 7 1,175 34 1,020 120 2,088 282 1,806

3,064 888 136 103 20 33 13 751 250 468 34 2,176 0 2,176

4,272 1,309 282 191 0 91 20 1,027 434 433 160 2,964 0 2,964

.. ..

.. ..

.. ..

39 0

47 0

56 0

43 0

41 0

41 0

135 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

812 892 -82 -76 0 -6 21 974 241 903 -170 -80 -36 -44

1,820 978 -18 20 0 -38 46 996 637 250 109 842 200 642

-1,348 -995 41 59 0 -18 11 -1,036 339 -1,528 153 -354 -164 -190

-1,877 -1,035 69 19 0 50 69 -1,104 -325 -563 -216 -841 0 -841

-1,085 -897 207 136 0 70 70 -1,103 19 -1,002 -120 -189 -282 93

1,993 117 -8 -1 -20 -6 5 125 180 -22 -34 1,876 0 1,876

1,881 485 158 197 17 -39 32 327 -91 579 -160 1,396 0 1,396

.. ..

.. ..

.. ..

-17 0

-21 0

-36 0

-43 0

-41 0

-41 0

-135 0

5. LONG-TERM DEBT

174 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

920 803 72 52 1 20 4 731 35 639 57 117 31 86

1,134 1,003 66 46 0 20 5 937 45 848 43 131 31 101

1,214 942 65 49 1 17 7 877 79 720 78 272 47 224

1,054 759 65 47 1 19 9 694 106 506 82 295 38 257

1,093 628 68 49 1 19 11 560 79 405 77 464 20 444

972 441 73 52 1 21 14 368 66 300 2 531 18 513

863 453 77 55 0 22 16 376 107 214 55 410 18 392

.. ..

.. ..

.. ..

27 0

24 0

22 0

17 0

13 0

11 0

10 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

-108 89 -154 -128 -1 -25 17 243 205 265 -227 -197 -67 -130

685 -25 -84 -26 0 -58 40 59 592 -599 66 710 169 541

-2,562 -1,937 -24 10 -1 -34 5 -1,913 260 -2,248 75 -625 -211 -414

-2,930 -1,794 3 -28 -1 31 60 -1,798 -431 -1,069 -298 -1,136 -38 -1,098

-2,178 -1,525 139 87 -1 52 59 -1,664 -59 -1,407 -197 -653 -302 -351

1,022 -323 -81 -53 -20 -27 -9 -243 115 -322 -35 1,345 -18 1,363

1,018 32 81 142 17 -61 16 -49 -199 365 -215 986 -18 1,004

.. ..

.. ..

.. ..

-44 0

-44 0

-58 0

-60 0

-55 0

-52 0

-145 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

4,251 3,333 322 265 1 57 4 3,011 59 2,637 315 918 67 851

4,592 3,037 205 100 0 106 5 2,831 45 2,690 96 1,555 31 1,525

5,443 3,089 188 117 1 71 33 2,901 167 2,605 129 2,354 211 2,143

4,496 2,185 161 109 1 51 17 2,024 431 1,295 298 2,311 38 2,273

4,452 1,899 164 117 1 47 17 1,735 113 1,425 197 2,552 302 2,251

4,036 1,328 209 155 20 54 27 1,119 316 768 35 2,707 18 2,689

5,136 1,762 359 246 0 113 36 1,403 541 647 215 3,374 18 3,356

.. ..

.. ..

.. ..

66 0

71 0

78 0

60 0

55 0

52 0

145 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

1,973 773 1,199

1,439 779 659

1,099 517 583

970 454 516

347 277 71

300 252 48

606 125 481

.. .. .. ..

.. .. .. ..

.. .. .. ..

116 6,397 12,416 2,593

177 10,831 11,041 5,559

186 10,212 7,208 6,803

238 9,137 6,110 6,404

288 10,448 5,297 7,870

320 12,927 6,210 10,583

434 15,985 7,763 12,891

.. 17.5 0.0 2.9 0.0 0.0 58.0 10.0 0.0 11.6

33.5 .. .. 2.6 0.0 0.0 51.1 12.8 0.0 0.0

35.0 .. .. 2.0 0.0 0.0 52.9 10.2 0.0 0.0

45.0 .. .. 1.0 0.0 0.0 49.0 5.1 0.0 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 5.3 0.1 4.5 0.0 1.6 78.4 7.9 0.0 2.2

.. 12.2 0.0 5.1 0.0 0.6 71.6 7.9 0.0 2.5

.. 15.5 0.0 7.3 0.0 0.3 54.7 13.6 0.0 8.7

175 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 2 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 3,011 1,138 -1,418 .. .. 3,166 1,363 -205 .. .. -6 3 29 .. .. 0 0 0 .. .. -2 0 0 .. .. -261 176 -187 -1,055 .. .. 113 -405 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 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

-1,266 -1,664 18 0 -3 -213 596

1,216 -514 -8 0 0 -129 1,868

4,804 1,004 40 0 0 398 1,235

7,079 3,457 19 0 0 531 1,448

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.6 9.3 2.2 12.6

6.5 8.3 4.2 14.4

7.0 13.0 5.0 17.6

5.7 14.3 4.3 21.3

5.6 15.0 5.6 25.3

5.5 9.4 4.9 19.3

3.1 9.2 2.2 24.2

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.9 18.7 5.2 25.9

6.2 9.6 6.9 19.7

3.3 16.4 3.9 39.0

5.8 18.4 5.8 26.2

5.3 17.3 4.2 26.7

3.9 20.8 5.8 41.2

3.0 26.7 3.1 47.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.6 9.0 2.1 12.2

6.5 8.3 4.2 14.3

7.5 12.5 5.1 14.7

5.6 7.7 1.9 13.4

6.4 9.5 9.0 22.2

5.7 7.7 4.8 15.9

3.1 5.8 2.1 19.7

.. .. .. 3,136 2,788 1,041 434 .. .. .. 86 51 125 269 .. .. .. 3,051 2,737 917 165 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

209 147 61

527 71 456

2,102 337 1,765

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

336 3,819 819

149 2,949 697

107 3,068 585

9 1,640 479

4 1,777 401

0 1,366 275

0 1,232 251

0 1,490 186

0 1,062 126

0 1,224 118

56 132 43

38 147 40

17 154 42

9 170 37

4 150 33

0 143 33

0 137 29

0 137 25

0 151 22

0 124 18

3 40 11

4 38 10

2 39 9

1 52 8

0 49 7

0 45 6

0 42 5

0 42 4

0 37 3

0 30 2

53 92 32

34 108 30

15 115 33

8 118 29

4 100 26

0 98 27

0 94 24

0 94 22

0 113 19

0 94 16

280 3,687 776

111 2,802 658

90 2,914 543

0 1,470 442

0 1,628 368

0 1,223 243

0 1,095 222

0 1,353 161

0 912 105

0 1,100 100

280 725 284

111 927 247

90 724 196

0 713 158

0 663 121

0 336 91

0 305 65

0 294 41

0 313 17

0 10 1

0 2,963 492

0 1,875 410

0 2,190 347

0 757 283

0 965 246

0 887 152

0 790 156

0 1,059 120

0 599 87

0 1,089 99

176 DJIBOUTI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

2.6 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

31.8 25.8 25.8 0.0 0.0 6.0 0.0 0.0 0.0 0.0 0.0 0.0

205.3 155.2 155.2 0.0 0.0 50.1 0.1 0.1 0.0 1.2 1.2 0.0

273.7 253.0 253.0 0.0 5.4 15.3 4.3 4.3 0.0 12.6 12.6 0.0

287.8 263.8 263.8 0.0 8.9 15.1 6.3 6.3 0.0 20.5 20.5 0.0

274.6 248.4 248.4 0.0 12.7 13.5 6.6 6.6 0.0 23.5 23.5 0.0

262.2 237.9 237.9 0.0 13.4 10.9 6.9 6.9 0.0 24.4 24.4 0.0

262.7 235.7 235.7 0.0 15.5 11.5 7.4 7.4 0.0 26.8 26.8 0.0

335.3 305.2 305.2 0.0 20.5 9.6 6.2 5.6 0.6 7.7 5.7 2.0

396.1 366.5 366.5 0.0 20.4 9.2 8.3 7.6 0.7 16.8 14.3 2.5

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1.4 1.4 0.0 0.1 0.1 0.0 1.3 0.0 0.0 0.0 0.0 0.0 1.3 0.1 0.1 0.0 0.0

10.2 10.2 0.0 2.2 2.2 0.0 9.0 1.0 1.7 0.9 0.0 0.8 7.3 3.9 3.1 0.0 0.8

27.0 27.0 0.0 8.9 8.9 0.0 20.8 2.8 6.0 2.1 0.0 3.9 14.8 14.9 11.0 0.0 3.9

13.5 12.0 1.5 5.0 5.0 0.0 11.3 2.8 2.2 1.5 0.2 0.5 9.0 7.3 6.6 0.2 0.5

8.2 5.1 3.2 3.3 3.3 0.0 2.7 -2.2 2.1 1.5 0.3 0.4 0.6 5.4 4.8 0.3 0.4

8.3 3.2 5.1 7.3 6.3 1.0 -0.9 -1.9 2.7 1.9 0.4 0.4 -3.6 10.0 8.2 1.4 0.4

11.3 7.7 3.6 10.7 8.4 2.3 -2.2 -2.9 2.8 2.2 0.4 0.2 -5.1 13.5 10.6 2.7 0.2

16.9 12.2 4.6 8.9 6.8 2.0 8.0 0.1 1.7 1.3 0.3 0.2 6.3 10.6 8.1 2.3 0.2

36.8 30.9 5.9 9.5 7.2 2.3 26.6 -0.6 2.5 2.2 0.2 0.1 24.1 12.1 9.4 2.5 0.1

30.4 30.4 0.0 12.3 10.5 1.8 15.5 -2.6 3.3 3.1 0.1 0.0 12.2 15.6 13.6 2.0 0.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

5.6 1.3 0.0 0.0 4.3 6.2 5.6 0.0

38.0 8.0 0.2 0.0 29.8 27.8 32.8 5.2

148.9 18.0 0.1 0.0 130.7 43.8 149.4 -0.5

47.8 6.9 2.4 0.0 38.4 31.1 45.4 2.4

53.1 1.8 3.5 0.0 47.8 28.9 49.6 3.5

43.6 -3.1 4.2 0.0 42.5 29.2 39.4 4.2

30.5 -0.7 3.3 0.0 27.9 23.6 27.2 3.3

27.6 5.4 3.4 0.0 18.8 25.1 24.2 3.4

55.7 23.7 3.5 0.0 28.6 23.8 52.2 3.5

56.2 19.9 11.4 0.0 24.9 27.8 44.8 11.4

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

5.6 0.0 0.0 5.6 0.0

37.1 0.9 0.0 31.9 5.2

146.8 2.1 0.0 147.3 -0.5

42.6 1.5 3.6 43.8 -1.2

47.2 1.5 4.4 48.1 -0.9

40.1 1.9 1.6 37.5 2.6

26.3 2.2 2.0 25.0 1.3

25.3 1.3 1.0 22.9 2.4

52.5 2.2 1.0 50.0 2.5

52.1 3.1 1.0 41.7 10.4

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0.0 .. .. ..

.. .. 0.0 .. .. ..

524.9 .. 0.0 .. 66.5 ..

548.3 .. 0.0 .. 70.6 ..

568.7 .. 0.0 .. 67.8 ..

586.2 .. 0.0 .. 70.3 ..

602.4 .. 0.0 .. 73.7 ..

641.0 .. 0.0 .. 100.1 ..

.. .. .. .. .. .. .. 0.0 100.0 0.0

.. .. .. .. .. .. .. 18.9 45.7 7.3

.. 54.8 .. .. 0.4 23.1 .. 5.2 91.4 50.2

.. 50.1 .. .. 0.5 25.7 .. 4.9 90.2 51.3

.. 46.1 .. .. 0.5 25.9 .. 4.2 90.5 52.8

.. 44.8 .. .. 0.3 26.8 .. 4.4 89.3 54.7

.. 55.7 .. .. 0.4 22.0 .. 2.9 87.8 58.7

.. 61.8 .. .. 0.5 25.3 .. 2.3 89.3 61.8

3. MAJOR ECONOMIC AGGREGATES .. .. 0.0 .. 93.6 ..

514.9 .. 0.0 .. 66.6 ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. 45.6 .. 24.4 74.0 41.9

.. 53.2 .. .. 0.4 24.3 .. 5.6 92.1 49.8

177 DJIBOUTI (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.6 2.6 2.6 0.0 0.0 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

25.8 25.8 21.2 2.3 1.0 18.9 13.5 4.7 0.0 4.7 0.0 0.0 0.0 0.0

155.2 155.2 155.2 86.1 83.0 69.2 68.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1.4 1.4 1.4 0.0 0.0 1.4 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

253.0 253.0 253.0 136.3 135.4 116.7 116.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

263.8 263.8 263.8 144.6 143.8 119.3 119.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

248.4 248.4 248.4 140.8 140.1 107.6 107.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

237.9 237.9 237.9 138.3 137.7 99.6 99.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

235.7 235.7 235.7 143.8 142.7 91.9 91.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

305.2 305.2 299.7 197.0 193.7 102.7 100.9 5.6 0.0 5.6 0.0 0.0 0.0 0.0

366.5 366.5 360.9 244.7 238.5 116.2 115.1 5.6 0.0 5.6 0.0 0.0 0.0 0.0

0.0 31.1

0.0 46.1

0.0 49.5

0.0 49.0

0.0 49.9

0.0 56.1

0.0 78.5

0.0 112.1

10.2 10.2 5.3 2.4 1.0 2.9 0.0 5.0 0.0 5.0 0.0 0.0 0.0 0.0

27.0 27.0 27.0 8.9 8.9 18.0 18.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.0 12.0 12.0 9.6 9.6 2.4 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.1 5.1 5.1 4.9 4.9 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.2 3.2 3.2 3.2 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.7 7.7 7.7 7.7 7.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.2 12.2 12.2 12.2 11.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

30.9 30.9 30.9 26.6 25.2 4.3 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

30.4 30.4 30.4 27.8 27.8 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 2.5

0.0 3.3

0.0 2.0

0.0 0.9

0.0 3.9

0.0 8.9

0.0 17.7

0.0 25.8

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 0.0 0.0 2.2 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.9 8.9 8.3 3.5 3.3 4.8 4.7 0.6 0.0 0.4 0.2 0.0 0.0 0.0

5.0 5.0 5.0 2.1 1.9 2.9 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 1.9 1.7 1.4 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.3 6.3 6.3 3.0 3.0 3.3 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.4 8.4 8.4 4.0 4.0 4.4 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.8 6.8 6.8 1.6 1.6 5.2 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.2 7.2 7.2 2.7 2.2 4.5 4.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.5 10.5 10.5 3.4 3.1 7.0 6.7 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

0.0 0.4

0.0 0.3

0.0 0.5

0.0 0.6

0.0 0.6

0.0 0.9

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1.3 1.3 1.3 0.0 0.0 1.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.0 8.0 3.0 2.4 1.0 0.6 -1.7 5.0 0.0 5.0 0.0 0.0 0.0 0.0

18.0 18.0 18.6 5.4 5.6 13.2 13.3 -0.6 0.0 -0.4 -0.2 0.0 0.0 0.0

6.9 6.9 6.9 7.5 7.8 -0.6 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 3.0 3.2 -1.2 -1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-3.1 -3.1 -3.1 0.2 0.2 -3.3 -3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.7 -0.7 -0.7 3.7 3.7 -4.4 -4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.4 5.4 5.4 10.6 10.1 -5.2 -5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

23.7 23.7 23.7 23.8 22.9 -0.2 -2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

19.9 19.9 19.9 24.4 24.7 -4.5 -4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 2.5

0.0 3.0

0.0 1.7

0.0 0.7

0.0 3.4

0.0 8.2

0.0 17.1

0.0 24.9

5. LONG-TERM DEBT

178 DJIBOUTI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.9 0.9 0.9 0.0 0.0 0.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 1.3 1.3 0.8 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.0 1.0 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.1 1.1 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.9 1.9 1.9 1.2 1.2 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 1.4 1.4 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 0.8 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 1.6 1.5 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.1 3.1 3.1 2.2 2.1 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.2

0.0 0.3

0.0 0.4

0.0 0.3

0.0 0.4

0.0 0.4

0.0 0.4

0.0 0.7

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1.3 1.3 1.3 0.0 0.0 1.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.1 7.1 2.1 2.4 1.0 -0.3 -2.4 5.0 0.0 5.0 0.0 0.0 0.0 0.0

15.9 15.9 16.6 4.1 4.3 12.5 12.6 -0.6 0.0 -0.4 -0.2 0.0 0.0 0.0

5.4 5.4 5.4 6.5 6.8 -1.1 -1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 1.9 2.1 -1.6 -1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-5.0 -5.0 -5.0 -1.0 -1.0 -4.0 -4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-2.9 -2.9 -2.9 2.3 2.3 -5.1 -5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.1 4.1 4.1 9.9 9.4 -5.8 -5.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

21.4 21.4 21.4 22.2 21.4 -0.8 -2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.8 16.8 16.8 22.2 22.7 -5.5 -5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 2.3

0.0 2.6

0.0 1.3

0.0 0.3

0.0 3.0

0.0 7.9

0.0 16.7

0.0 24.2

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.1 3.1 3.1 0.0 0.0 3.1 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

11.0 11.0 10.4 4.9 4.6 5.5 5.5 0.6 0.0 0.4 0.2 0.0 0.0 0.0

6.6 6.6 6.6 3.1 2.8 3.5 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 3.0 2.8 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.2 8.2 8.2 4.3 4.3 4.0 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.6 10.6 10.6 5.4 5.4 5.1 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.1 8.1 8.1 2.4 2.4 5.8 5.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.4 9.4 9.4 4.3 3.8 5.1 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.6 13.6 13.6 5.6 5.1 8.0 7.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.2

0.0 0.7

0.0 0.8

0.0 0.6

0.0 0.9

0.0 1.0

0.0 1.0

0.0 1.6

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.0 0.0 0.0

23.4 23.4 0.0

161.4 161.4 0.0

49.3 45.7 3.6

50.8 47.2 3.6

99.6 96.0 3.6

138.1 134.6 3.6

162.6 162.6 0.0

150.7 148.2 2.5

156.3 153.8 2.5

2.6 0.0 2.6 0.0

14.5 0.0 25.8 0.0

151.9 0.0 155.2 0.0

252.1 0.0 253.0 0.0

263.1 0.0 263.8 0.0

247.8 0.0 248.4 0.0

237.3 0.0 237.9 0.0

234.6 0.0 235.7 0.0

294.6 0.0 305.2 0.0

353.6 0.0 366.5 0.0

.. 0.0 2.6 0.0 0.0 0.0 16.2 24.3 5.8 51.1

18.6 .. .. 0.0 0.0 0.0 19.1 24.0 5.6 32.7

16.0 .. .. 0.0 0.0 0.0 26.3 20.5 4.6 32.6

16.6 .. .. 0.0 0.0 0.0 31.1 18.5 4.1 29.5

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. 0.0 91.0 0.0 0.0 0.0 2.9 0.6 0.4 5.1

.. 0.0 3.1 0.0 0.0 0.0 13.9 16.8 8.9 57.4

.. 0.0 2.8 0.0 0.0 0.0 13.6 22.9 5.9 54.8

.. 0.0 2.9 0.0 0.0 0.0 14.1 23.1 5.8 54.0

.. 0.0 2.7 0.0 0.0 0.0 14.9 23.9 6.0 52.5

179 DJIBOUTI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 0.0 16.1 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 8. DEBT STOCK-FLOW RECONCILIATION .. 26.8 -22.1 14.1 -13.2 9.0 20.8 11.3 2.7 -0.9 .. 0.1 0.0 2.1 0.2 .. 0.0 0.0 0.0 0.0 .. 0.0 -16.1 0.0 0.0 .. 3.0 -16.4 2.0 -10.5 .. 2.9 -0.9 7.4 -2.0 9. AVERAGE TERMS OF NEW COMMITMENTS

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 1.2 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

-12.5 -2.2 0.3 0.0 0.0 -6.5 -4.0

0.6 8.0 0.6 0.0 0.0 -3.9 -4.1

72.6 26.6 -1.3 0.0 -1.2 16.0 32.5

60.7 15.5 2.1 0.0 0.0 20.9 22.3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 1.3 .. .. .. .. ..

3.3 19.5 1.0 38.0

2.1 18.0 7.4 55.0

0.8 39.7 10.2 80.5

0.8 30.4 4.1 66.9

0.8 47.6 10.4 82.7

1.6 30.0 7.0 65.6

2.3 29.9 6.9 59.5

1.9 31.9 8.0 64.9

1.6 30.7 7.6 64.9

0.9 25.3 6.1 61.1

3.3 19.5 1.0 38.0

1.0 20.1 8.5 64.5

0.8 39.7 10.2 80.5

0.8 30.4 4.1 66.9

0.8 47.6 10.4 82.7

1.6 30.0 7.0 65.6

2.3 29.9 6.9 59.5

1.9 31.9 8.0 64.9

1.6 31.2 7.7 65.2

0.9 25.3 6.1 61.1

0.0 0.0 0.0 0.0

7.5 7.5 2.0 8.2

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

1.5 19.5 5.0 56.0

0.0 0.0 0.0 0.0

0 30 6 12 12 59 49 0 25 6 12 12 59 49 0 5 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

44 44 0

60 57 3

28 28 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

36.4 19.3 4.9

37.1 21.4 5.3

26.5 22.7 5.4

19.3 22.8 5.3

13.5 23.8 5.2

8.8 22.2 4.9

5.5 20.8 4.6

3.8 21.6 4.3

2.4 21.3 4.0

1.1 18.1 3.6

35.5 18.9 4.9

36.1 21.3 5.2

26.1 22.7 5.4

19.1 22.7 5.3

13.4 23.5 5.1

8.8 21.9 4.8

5.5 20.5 4.5

3.8 21.3 4.2

2.4 21.0 3.9

1.1 17.8 3.6

10.2 12.2 2.0

9.9 13.3 2.0

6.6 13.7 1.9

4.2 13.1 1.7

2.6 13.5 1.6

1.6 11.6 1.3

0.8 9.5 1.2

0.7 9.5 1.0

0.4 8.6 0.8

0.2 4.9 0.7

25.3 6.7 2.9

26.2 8.0 3.3

19.5 9.0 3.5

14.9 9.5 3.5

10.7 10.0 3.5

7.2 10.3 3.5

4.7 11.0 3.4

3.1 11.8 3.2

2.0 12.4 3.1

0.9 12.8 2.9

0.9 0.4 0.1

1.0 0.2 0.1

0.5 0.0 0.1

0.2 0.1 0.1

0.1 0.2 0.1

0.0 0.3 0.1

0.0 0.3 0.1

0.0 0.3 0.1

0.0 0.3 0.0

0.0 0.3 0.0

0.0 0.4 0.1

0.0 0.2 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.1 0.0

0.0 0.1 0.0

0.0 0.1 0.0

0.0 0.1 0.0

0.0 0.1 0.0

0.0 0.1 0.0

0.9 0.0 0.0

1.0 0.0 0.0

0.5 0.0 0.0

0.2 0.1 0.0

0.1 0.2 0.0

0.0 0.2 0.0

0.0 0.2 0.0

0.0 0.2 0.0

0.0 0.2 0.0

0.0 0.2 0.0

180 DOMINICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

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

.. .. .. .. 0.0 .. .. .. .. .. .. ..

88.0 80.2 80.2 0.0 5.7 2.0 0.0 0.0 0.0 0.2 0.2 0.1

106.8 94.6 94.6 0.0 0.3 12.0 0.0 0.0 0.0 0.5 0.5 0.0

116.0 98.1 98.1 0.0 0.0 17.9 0.0 0.0 0.0 0.4 0.4 0.0

117.8 99.0 99.0 0.0 0.0 18.8 0.0 0.0 0.0 0.4 0.4 0.0

166.8 147.8 147.8 0.0 0.0 19.0 0.0 0.0 0.0 0.3 0.3 0.0

215.5 193.5 193.5 0.0 0.0 22.0 0.0 0.0 0.0 0.3 0.3 0.0

228.8 200.4 200.4 0.0 2.8 25.6 2.1 0.1 1.9 0.8 0.3 0.5

294.0 212.6 212.6 0.0 7.9 73.4 3.4 0.1 3.3 5.2 4.0 1.2

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

.. .. 0.0 .. .. 0.0 .. .. .. .. 0.0 .. .. .. .. 0.0 ..

11.5 11.5 0.0 3.8 2.5 1.4 7.8 0.1 2.0 1.6 0.2 0.2 5.9 5.8 4.1 1.6 0.2

2.8 2.8 0.0 6.9 6.3 0.6 -7.2 -3.2 4.1 3.1 0.0 1.0 -11.3 11.0 9.4 0.6 1.0

8.6 8.6 0.0 7.1 6.9 0.2 7.3 5.8 3.5 2.8 0.0 0.7 3.8 10.7 9.7 0.2 0.7

11.1 11.1 0.0 7.2 7.2 0.0 4.8 1.0 3.6 2.6 0.0 1.0 1.2 10.9 9.8 0.0 1.0

56.2 56.2 0.0 6.9 6.9 0.0 49.5 0.2 4.1 3.0 0.0 1.1 45.4 11.0 9.9 0.0 1.1

33.5 33.5 0.0 7.5 7.5 0.0 29.0 3.0 8.6 7.6 0.0 0.9 20.4 16.0 15.1 0.0 0.9

34.6 31.9 2.7 6.1 6.1 0.0 30.0 1.5 6.0 5.3 0.0 0.7 24.0 12.1 11.4 0.0 0.7

20.9 16.3 4.6 8.5 8.5 0.0 58.8 46.5 8.3 6.8 0.1 1.4 50.6 16.8 15.3 0.1 1.4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

24.6 9.0 12.9 -0.4 3.1 2.9 12.2 12.4

24.8 -3.5 21.1 0.0 7.2 4.3 3.7 21.1

32.3 1.7 6.5 0.0 24.1 5.0 25.8 6.5

26.8 3.9 18.0 0.0 4.9 3.7 7.4 19.4

65.1 49.3 10.8 0.0 5.0 3.3 23.7 41.3

46.7 26.0 11.9 0.0 8.8 2.8 23.1 23.7

58.7 25.9 11.4 0.0 21.4 2.7 34.4 24.4

10.5 7.7 0.0 0.0 2.8 2.3 11.2 -0.7

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

17.6 1.6 5.4 10.6 7.0

6.1 3.1 15.7 0.7 5.4

14.3 2.8 15.2 23.0 -8.7

1.4 2.6 22.8 4.8 -3.4

35.7 3.0 26.3 20.8 14.9

25.5 7.6 13.6 18.6 6.9

43.8 5.3 9.6 31.0 12.8

-3.8 6.8 7.5 6.8 -10.6

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

243.8 156.3 3.0 192.1 27.7 -23.1

242.6 161.4 3.0 210.8 31.6 -35.8

239.2 149.2 3.0 220.1 29.4 -52.9

244.7 123.4 4.0 190.0 31.2 -49.1

231.9 125.4 4.0 177.3 45.5 -38.1

238.8 114.8 4.0 180.5 47.7 -50.1

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

74.3 47.6 6.8 2.3 1.5 23.8 1.7 15.4 77.3 55.0

73.0 48.6 6.7 2.2 1.5 26.8 1.8 16.0 74.2 57.1

111.8 69.7 7.4 2.8 1.7 17.6 1.6 11.4 59.2 49.9

174.6 88.0 13.0 6.9 3.5 14.5 2.0 10.2 59.2 50.4

182.5 98.7 9.6 4.8 2.6 19.9 3.1 11.2 50.8 44.9

256.2 123.1 14.6 7.2 3.5 16.2 3.2 25.0 42.2 38.1

3. MAJOR ECONOMIC AGGREGATES 161.4 102.8 14.0 142.9 14.5 -43.5

227.2 140.8 2.0 193.4 23.9 -42.3

4. DEBT INDICATORS 85.5 54.5 5.6 1.9 1.2 16.4 1.2 2.3 87.3 65.7

75.9 47.0 7.8 2.9 1.8 22.4 1.5 11.2 80.7 58.8

181 DOMINICA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

80.2 80.2 80.2 57.8 54.4 22.4 22.4 0.1 0.0 0.1 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

94.6 94.6 94.6 62.8 54.4 31.8 31.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

98.1 98.1 98.1 63.8 55.4 34.3 34.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

99.0 99.0 97.6 67.3 57.3 30.3 30.1 1.4 1.4 0.0 0.0 0.0 0.0 0.0

147.8 147.8 115.9 83.2 67.0 32.7 31.8 31.9 31.9 0.0 0.0 0.0 0.0 0.0

193.5 193.5 149.8 108.7 87.2 41.1 40.3 43.6 31.9 0.0 11.8 0.0 0.0 0.0

200.4 200.4 143.8 102.7 84.5 41.1 31.6 56.6 31.9 11.2 13.5 0.0 0.0 0.0

212.6 212.6 156.4 112.0 91.5 44.4 32.5 56.2 33.2 10.9 12.1 0.0 0.0 0.0

0.0 10.4

0.0 12.3

0.4 14.3

1.7 14.5

2.4 13.6

2.7 13.8

3.7 16.6

4.1 18.2

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

11.5 11.5 11.5 8.3 6.7 3.2 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.8 2.8 2.8 2.8 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.6 8.6 8.6 3.7 3.3 5.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

11.1 11.1 9.7 9.2 6.1 0.5 0.3 1.4 1.4 0.0 0.0 0.0 0.0 0.0

56.2 56.2 25.7 19.3 13.9 6.3 5.6 30.5 30.5 0.0 0.0 0.0 0.0 0.0

33.5 33.5 21.7 15.4 10.2 6.4 6.4 11.8 0.0 0.0 11.8 0.0 0.0 0.0

31.9 31.9 19.0 9.1 6.9 9.9 1.2 13.0 0.0 11.2 1.8 0.0 0.0 0.0

16.3 16.3 15.1 10.9 8.7 4.2 1.7 1.2 1.0 0.0 0.2 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.9

0.0 1.4

0.4 1.6

1.3 0.6

0.7 -0.1

0.3 0.9

1.0 1.8

0.7 0.3

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

2.5 2.5 2.4 2.1 2.1 0.3 0.3 0.1 0.0 0.1 0.0 0.0 0.0 0.0

6.3 6.3 6.3 3.5 2.8 2.8 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.9 6.9 6.9 3.9 3.2 3.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.2 7.2 7.2 4.1 3.4 3.1 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.9 6.9 6.9 3.8 3.2 3.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.5 7.5 7.5 5.3 4.8 2.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.1 6.1 6.1 4.3 3.9 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.5 8.5 6.7 5.2 4.5 1.5 1.4 1.9 0.0 0.3 1.6 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.2

0.2 0.2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

9.0 9.0 9.1 6.3 4.6 2.9 2.9 -0.1 0.0 -0.1 0.0 0.0 0.0 0.0

-3.5 -3.5 -3.5 -0.6 0.0 -2.8 -2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 -0.2 0.1 1.9 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.9 3.9 2.5 5.1 2.7 -2.6 -2.8 1.4 1.4 0.0 0.0 0.0 0.0 0.0

49.3 49.3 18.8 15.5 10.6 3.3 2.6 30.5 30.5 0.0 0.0 0.0 0.0 0.0

26.0 26.0 14.3 10.0 5.4 4.2 4.3 11.8 0.0 0.0 11.8 0.0 0.0 0.0

25.9 25.9 12.9 4.7 3.0 8.2 -0.5 13.0 0.0 11.2 1.8 0.0 0.0 0.0

7.7 7.7 8.4 5.8 4.3 2.7 0.3 -0.7 1.0 -0.3 -1.4 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.9

0.0 1.3

0.4 1.5

1.3 0.5

0.7 -0.2

0.3 0.8

1.0 1.7

0.4 0.0

5. LONG-TERM DEBT

182 DOMINICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

1.6 1.6 1.6 1.4 1.3 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.1 3.1 3.1 1.8 1.3 1.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.8 2.8 2.8 1.7 1.3 1.1 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.6 1.8 1.5 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.0 3.0 2.9 1.9 1.4 1.0 1.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0

7.6 7.6 4.5 3.2 2.0 1.3 1.1 3.2 3.0 0.0 0.2 0.0 0.0 0.0

5.3 5.3 3.4 2.5 1.7 0.9 0.8 1.9 1.6 0.0 0.3 0.0 0.0 0.0

6.8 6.8 4.4 2.9 2.1 1.5 1.2 2.4 1.4 0.8 0.1 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.1 0.1

0.2 0.1

0.2 0.1

0.2 0.1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

7.4 7.4 7.5 4.9 3.3 2.6 2.6 -0.1 0.0 -0.1 0.0 0.0 0.0 0.0

-6.6 -6.6 -6.6 -2.4 -1.3 -4.1 -4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.1 -1.1 -1.1 -1.9 -1.2 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 -0.1 3.3 1.2 -3.4 -3.6 1.4 1.4 0.0 0.0 0.0 0.0 0.0

46.3 46.3 15.8 13.5 9.3 2.3 1.6 30.4 30.4 0.0 0.0 0.0 0.0 0.0

18.4 18.4 9.8 6.8 3.3 3.0 3.2 8.6 -3.0 0.0 11.6 0.0 0.0 0.0

20.6 20.6 9.5 2.2 1.3 7.3 -1.3 11.0 -1.6 11.2 1.4 0.0 0.0 0.0

0.9 0.9 4.0 2.8 2.2 1.2 -0.9 -3.1 -0.4 -1.1 -1.6 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.8

0.0 1.2

0.4 1.4

1.3 0.4

0.6 -0.3

0.1 0.7

0.8 1.6

0.2 -0.1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

4.1 4.1 4.0 3.4 3.4 0.6 0.6 0.1 0.0 0.1 0.0 0.0 0.0 0.0

9.4 9.4 9.4 5.3 4.2 4.1 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.7 9.7 9.7 5.6 4.5 4.1 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.8 9.8 9.8 5.9 4.9 3.9 3.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.9 9.9 9.8 5.8 4.6 4.0 4.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0

15.1 15.1 11.9 8.5 6.8 3.4 3.2 3.2 3.0 0.0 0.2 0.0 0.0 0.0

11.4 11.4 9.4 6.9 5.6 2.6 2.5 1.9 1.6 0.0 0.3 0.0 0.0 0.0

15.3 15.3 11.1 8.1 6.5 3.0 2.7 4.3 1.4 1.1 1.7 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.2

0.0 0.2

0.0 0.2

0.1 0.2

0.2 0.2

0.2 0.3

0.5 0.4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

23.0 23.0 0.0

48.5 48.5 0.0

59.2 59.2 0.0

101.5 70.6 30.8

101.2 88.8 12.5

57.1 53.8 3.2

50.3 48.8 1.4

48.2 48.2 0.0

.. .. .. ..

.. .. .. ..

76.8 0.0 80.2 0.0

86.2 0.0 94.6 0.0

89.7 0.4 98.1 0.0

87.4 1.7 99.0 0.0

98.7 5.0 147.8 0.0

127.5 11.6 193.5 0.0

116.1 11.7 200.4 0.0

124.0 15.0 212.6 0.0

.. 0.7 3.8 0.4 2.7 0.0 80.1 1.6 3.6 7.1

5.7 .. .. 0.1 1.9 0.0 83.8 1.4 3.7 3.5

5.2 .. .. 0.0 0.1 0.0 86.2 1.4 2.7 4.4

5.2 .. .. 0.0 0.1 0.0 86.6 1.2 2.8 4.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 8.7 9.7 0.3 16.5 0.0 51.7 0.0 6.0 7.2

.. 2.2 9.5 0.8 11.7 0.0 65.1 0.0 3.6 7.1

.. 2.0 9.0 0.7 9.1 0.0 68.8 0.4 3.4 6.6

.. 1.4 7.0 0.7 6.6 0.0 73.5 1.7 3.8 5.3

183 DOMINICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 3.3 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 8. DEBT STOCK-FLOW RECONCILIATION .. 10.4 -11.7 9.2 1.7 .. 7.8 -7.2 7.3 4.8 .. 0.0 -0.4 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. -3.3 0.0 0.0 0.0 0.7 -3.0 .. 4.7 -5.4 .. 1.2 1.3 1.2 -0.1 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

49.0 49.5 0.0 0.0 0.0 -2.7 2.3

48.7 29.0 0.0 0.0 0.0 -1.6 21.2

13.4 30.0 2.1 0.0 0.0 4.4 -23.2

65.1 58.8 1.3 0.0 0.0 4.6 0.3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

3.0 25.1 8.5 53.8

3.7 19.6 4.8 40.6

3.3 24.1 7.6 49.4

6.5 18.4 10.4 24.2

4.5 18.7 5.9 33.5

5.8 14.5 4.4 28.0

3.6 16.8 4.0 34.2

1.8 14.9 4.9 41.7

.. .. .. ..

.. .. .. ..

3.0 25.1 8.5 53.8

3.7 19.6 4.8 40.6

3.3 24.1 7.6 49.4

3.2 22.9 4.9 45.5

5.2 21.3 6.9 34.1

4.0 16.1 5.3 36.5

2.1 15.4 5.3 41.9

1.8 14.9 4.9 41.7

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

9.1 14.7 14.7 7.2

1.9 9.2 2.3 31.3

14.3 6.7 0.2 -12.9

7.3 20.3 0.8 14.8

0.0 0.0 0.0 0.0

.. .. 3 17 19 58 57 .. .. 3 17 19 26 45 .. .. 0 0 0 32 12 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

14 12 3

40 28 11

13 13 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

12.4 25.4 8.3

13.7 14.8 7.8

9.1 14.5 7.5

6.0 13.8 7.1

3.4 14.0 6.8

2.0 16.5 6.3

1.0 12.1 5.9

0.5 11.4 5.5

0.1 10.4 5.1

0.0 9.7 4.8

12.4 22.8 4.2

13.7 12.3 3.8

9.1 12.0 3.6

6.0 11.3 3.4

3.4 11.9 3.1

2.0 12.2 2.8

1.0 11.2 2.5

0.5 10.8 2.2

0.1 9.8 1.9

0.0 9.1 1.7

1.0 13.2 1.4

1.7 3.1 1.2

1.1 4.3 1.1

0.8 3.3 1.0

0.5 3.5 0.8

0.3 3.5 0.7

0.2 2.3 0.6

0.1 2.3 0.5

0.0 2.0 0.4

0.0 1.7 0.3

11.3 9.7 2.8

12.0 9.2 2.6

8.0 7.7 2.5

5.3 8.0 2.4

2.9 8.4 2.3

1.7 8.7 2.1

0.8 8.9 1.9

0.4 8.5 1.7

0.1 7.8 1.5

0.0 7.4 1.3

0.0 2.5 4.1

0.0 2.5 4.0

0.0 2.5 3.9

0.0 2.5 3.8

0.0 2.2 3.7

0.0 4.3 3.5

0.0 1.0 3.3

0.0 0.6 3.2

0.0 0.6 3.2

0.0 0.6 3.2

0.0 0.6 0.8

0.0 0.6 0.7

0.0 0.6 0.7

0.0 0.6 0.7

0.0 0.6 0.6

0.0 0.6 0.6

0.0 0.6 0.5

0.0 0.6 0.5

0.0 0.6 0.5

0.0 0.6 0.4

0.0 2.0 3.3

0.0 2.0 3.2

0.0 2.0 3.2

0.0 2.0 3.1

0.0 1.6 3.0

0.0 3.8 2.9

0.0 0.4 2.8

0.0 0.0 2.8

0.0 0.0 2.8

0.0 0.0 2.8

184 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

360 353 212 141 7 0 0 0 0 1 0 1 0

2,002 1,473 1,219 254 49 480 7 3 4 12 4 8 0

4,372 3,518 3,419 99 72 782 506 304 202 614 444 169 967

4,240 3,461 3,461 0 29 750 135 76 59 273 228 45 1,103

4,404 3,482 3,482 0 56 866 122 56 66 286 230 56 687

4,686 3,584 3,584 0 54 1,047 162 90 72 316 254 62 626

4,541 3,311 3,311 0 52 1,178 28 22 6 56 52 4 568

5,135 3,790 3,790 0 50 1,294 24 17 7 48 45 3 462

6,249 4,199 4,027 171 27 2,023 32 24 8 82 75 6 562

6,291 5,077 5,077 0 130 1,084 43 25 18 119 93 26 614

60 60 0 32 27 5 28 0 13 13 0 0 15 45 39 5 0

481 481 0 200 135 65 438 156 179 121 5 54 259 379 256 69 54

138 138 0 146 88 58 15 23 86 59 9 19 -71 232 147 67 19

106 106 0 255 193 62 -1 148 201 173 3 25 -202 456 366 66 25

187 133 54 181 153 29 134 128 193 159 1 34 -60 375 311 29 34

270 270 0 174 174 0 237 142 204 158 2 44 33 378 332 2 44

303 303 0 257 257 0 311 265 263 211 3 50 48 520 468 3 50

894 894 0 377 377 0 637 120 245 193 2 50 392 622 570 2 50

732 732 0 404 378 26 1,049 721 267 212 1 54 783 671 590 27 54

1,477 1,354 122 617 589 28 -90 -950 305 244 0 61 -395 922 833 28 61

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

114 33 72 0 9 5 39 75

453 346 93 0 14 16 304 150

212 50 133 0 29 44 83 129

385 -87 421 0 51 48 -39 424

741 -20 700 0 61 45 35 706

1,518 96 1,338 0 84 47 138 1,380

1,043 46 953 0 44 63 -48 1,092

1,643 517 1,079 0 46 73 -1 1,643

1,322 354 917 0 51 75 15 1,307

1,120 766 310 0 44 66 7 1,113

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

101 13 0 35 66

267 121 66 278 -11

64 59 90 28 36

-500 173 712 -166 -334

-248 159 831 -84 -165

396 158 963 18 378

-236 211 1,068 -205 -31

359 193 1,090 -141 500

-43 212 1,153 -96 53

-369 244 1,244 -101 -267

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

1,476 284 25 392 32 -102

6,421 1,496 183 2,238 279 -720

16,404 9,724 1,631 10,482 699 -429

18,662 10,953 1,839 12,193 632 -1,027

20,511 10,466 1,982 11,426 1,105 -741

20,443 10,496 2,194 11,603 475 -798

15,297 11,279 2,325 10,687 261 867

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

126.9 24.4 15.8 4.4 0.9 9.0 1.0 0.1 46.5 3.9

133.8 31.2 25.3 12.0 2.8 13.9 1.5 24.0 20.1 10.2

48.2 28.6 3.9 2.1 1.2 14.9 0.8 22.3 32.5 24.0

41.5 24.3 4.8 2.4 1.4 13.9 0.6 25.9 31.1 24.9

49.1 25.0 5.9 2.3 1.2 21.5 1.2 25.2 25.8 24.1

59.5 30.6 6.4 2.5 1.3 7.6 0.5 32.4 20.5 21.7

55.8 41.1 8.2 2.7 2.0 4.1 0.3 17.2 19.7 24.0

3. MAJOR ECONOMIC AGGREGATES 6,759 2,233 315 2,568 69 -280

14,266 8,290 1,142 8,716 396 -163

14,960 8,976 1,406 9,975 507 -338

4. DEBT INDICATORS 195.8 64.7 10.4 3.9 1.3 1.6 0.3 17.9 27.5 19.6

51.1 29.7 5.5 2.4 1.4 9.3 0.5 17.7 36.6 22.8

49.1 29.4 4.2 2.2 1.3 11.5 0.6 19.7 34.9 22.9

185 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

353 212 202 14 0 188 167 10 0 0 9 141 0 141

1,473 1,219 786 205 138 581 264 434 0 386 48 254 0 254

3,518 3,419 2,383 858 432 1,525 772 1,036 0 775 261 99 0 99

11 0

66 18

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

60 38 36 11 0 25 24 2 0 0 2 22 0 22

1997

1998

1999

2000

2001

2002

2003

3,461 3,461 2,827 965 454 1,861 1,100 634 518 26 91 0 0 0

3,482 3,482 2,839 1,008 464 1,831 1,074 644 514 24 106 0 0 0

3,584 3,584 2,900 1,124 472 1,776 1,052 684 510 33 140 0 0 0

3,311 3,311 2,541 1,132 452 1,409 963 770 506 83 181 0 0 0

3,790 3,790 2,455 1,237 437 1,217 887 1,336 987 134 215 0 0 0

4,199 4,027 2,471 1,357 427 1,114 855 1,557 967 253 337 171 0 171

5,077 5,077 2,534 1,510 441 1,024 797 2,543 1,547 449 548 0 0 0

238 20

209 16

204 15

275 15

292 14

317 13

350 13

350 12

481 415 319 90 51 229 42 96 0 72 24 67 0 67

138 138 136 84 21 53 20 2 0 0 2 0 0 0

106 106 77 61 26 16 5 29 0 4 25 0 0 0

133 133 113 84 26 30 13 19 0 1 19 0 0 0

270 270 211 176 20 35 24 58 0 16 42 0 0 0

303 303 124 100 13 23 23 179 0 61 118 0 0 0

894 894 247 193 7 55 53 646 500 78 69 0 0 0

732 544 216 167 2 49 37 328 0 148 180 188 0 188

1,354 1,354 233 188 3 45 26 1,122 600 249 273 0 0 0

11 0

39 0

39 0

13 0

17 0

92 0

39 0

49 0

57 0

31 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

27 7 6 0 0 6 3 1 0 0 1 20 0 20

135 62 30 3 0 27 9 32 0 30 2 74 0 74

88 83 83 38 6 44 8 0 0 0 0 5 0 5

193 188 167 67 21 100 57 20 2 4 14 5 0 5

153 153 139 59 17 80 41 14 4 4 6 0 0 0

174 174 158 61 17 97 51 16 4 5 7 0 0 0

257 257 216 63 18 153 93 41 4 12 25 0 0 0

377 377 294 73 19 222 111 82 20 27 36 0 0 0

378 361 252 73 19 179 87 109 20 30 60 17 0 17

589 418 270 85 19 185 118 148 20 57 71 171 0 171

0 0

2 0

19 0

29 1

24 1

20 1

21 1

23 1

24 1

32 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

33 31 30 11 0 19 21 1 0 0 1 2 0 2

346 353 289 87 51 202 33 64 0 42 22 -7 0 -7

50 56 54 46 15 8 11 2 0 0 2 -5 0 -5

-87 -82 -90 -6 5 -84 -51 9 -2 0 11 -5 0 -5

-20 -20 -26 24 9 -50 -28 6 -4 -3 13 0 0 0

96 96 54 116 4 -62 -27 42 -4 11 35 0 0 0

46 46 -93 37 -5 -130 -70 139 -4 50 93 0 0 0

517 517 -47 120 -12 -167 -58 564 480 51 33 0 0 0

354 183 -36 94 -18 -130 -49 219 -20 118 121 171 0 171

766 937 -37 103 -16 -140 -92 974 580 192 202 -171 0 -171

11 0

37 0

20 0

-15 -1

-6 -1

72 -1

18 -1

26 -1

33 -1

-1 -1

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

186 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

13 4 4 0 0 4 2 0 0 0 0 8 0 8

121 92 26 4 1 21 6 66 0 64 3 29 0 29

59 56 55 32 4 23 7 1 0 0 1 3 0 3

173 173 126 47 9 80 52 46 35 3 9 0 0 0

159 159 119 45 8 74 42 40 35 2 2 0 0 0

158 158 120 51 8 69 40 38 32 2 4 0 0 0

211 211 157 58 8 99 54 54 38 6 11 0 0 0

193 193 141 65 8 76 46 52 33 7 13 0 0 0

212 202 111 63 7 48 29 91 63 12 16 9 0 9

244 235 109 62 8 47 32 126 87 19 20 9 0 9

0 0

3 0

14 0

15 0

14 0

16 0

22 0

23 0

22 0

21 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

20 27 26 10 0 16 20 1 0 0 1 -6 0 -6

226 261 264 83 50 181 27 -2 0 -22 20 -35 0 -35

-8 0 -1 14 11 -15 4 1 0 0 1 -8 0 -8

-260 -254 -217 -53 -4 -164 -104 -38 -36 -3 2 -5 0 -5

-178 -178 -145 -21 0 -124 -70 -34 -39 -5 11 0 0 0

-63 -63 -66 65 -4 -131 -67 4 -36 9 30 0 0 0

-165 -165 -250 -21 -13 -228 -125 84 -41 43 82 0 0 0

324 324 -188 55 -20 -243 -104 512 448 44 20 0 0 0

143 -19 -147 32 -25 -178 -79 128 -83 106 105 162 0 162

521 702 -146 41 -23 -186 -124 848 493 173 182 -181 0 -181

10 0

34 0

6 0

-31 -1

-20 -1

55 -1

-4 -1

2 -1

11 -1

-22 -1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

39 12 10 1 0 10 4 1 0 0 1 28 0 28

256 154 55 7 1 48 15 98 0 94 4 102 0 102

147 139 138 70 10 68 15 1 0 0 1 8 0 8

366 360 294 114 30 180 109 66 36 7 23 5 0 5

311 311 258 104 26 154 83 53 39 6 8 0 0 0

332 332 277 112 24 166 91 55 36 8 11 0 0 0

468 468 373 121 26 252 148 95 41 18 36 0 0 0

570 570 435 138 27 297 157 135 52 33 49 0 0 0

590 564 363 136 27 227 116 201 83 42 76 26 0 26

833 652 379 147 27 232 150 274 107 76 91 181 0 181

0 0

5 0

33 0

44 1

37 1

37 1

43 1

46 1

46 1

53 1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

64 42 22

631 537 94

510 483 27

594 529 65

1,234 874 360

1,477 990 487

1,279 906 373

2,017 961 1,057

2,663 1,123 1,539

2,405 956 1,450

167 141 197 156

402 695 1,184 289

1,204 1,104 3,391 127

1,554 1,228 3,438 23

1,539 1,252 3,461 22

1,524 1,375 3,569 15

1,414 1,376 3,299 13

1,324 1,495 3,778 12

1,282 1,789 4,017 182

1,239 1,864 5,067 10

.. 1.5 0.9 5.0 0.0 0.0 73.8 18.0 0.4 0.4

2.1 .. .. 4.0 0.0 0.0 79.0 14.5 0.3 0.1

2.4 .. .. 4.2 0.0 0.0 79.9 13.1 0.4 0.1

2.1 .. .. 3.7 0.0 0.0 83.4 10.4 0.2 0.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 93.4 6.6 0.0 0.0

.. 0.6 0.0 0.0 0.0 0.0 81.8 11.5 0.0 6.0

.. 2.0 0.5 6.4 0.0 0.0 68.4 21.8 0.2 0.7

.. 1.7 1.2 5.7 0.0 0.0 67.4 23.1 0.3 0.6

.. 1.8 1.2 6.2 0.0 0.0 71.1 18.8 0.3 0.6

.. 1.5 1.0 6.8 0.0 0.0 72.0 18.0 0.3 0.5

187 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 7 130 21 0 .. 0 0 0 0 .. 1 20 30 0 .. 1 20 30 0 .. 0 0 0 0 .. 2 110 29 0 .. 2 110 29 0 .. 0 0 0 0 .. 7 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 334 -91 164 282 -1 134 237 438 15 -13 40 .. 267 -105 .. 2 110 29 0 .. -7 0 0 0 .. 52 -96 43 9 5 0 -28 -4 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 1 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

0 0 2 2 0 1 1 0 0 0 0 0

0 0 0 0 0 0 0 0 15 0 0 0

-145 311 -134 0 -1 -51 -270

594 637 -4 0 0 -40 0

1,114 1,049 8 1 0 54 2

42 -90 11 0 -15 -126 262

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 28 .. .. .. .. ..

2.4 28.4 4.8 53.4

8.9 12.3 4.0 10.2

5.9 24.5 6.4 31.3

7.1 19.1 4.2 16.9

6.7 17.0 3.3 18.0

5.8 14.2 3.8 22.2

6.6 9.3 2.1 12.9

6.5 9.5 3.4 14.1

2.6 12.1 -1.5 34.4

5.0 10.8 1.3 23.1

2.4 28.4 4.8 53.4

7.5 12.8 4.3 17.5

5.8 24.9 6.4 32.0

7.4 21.5 5.0 17.4

6.5 22.1 4.0 22.1

5.4 16.8 4.5 27.0

6.8 8.8 1.3 10.4

6.3 19.7 4.4 21.8

3.5 16.4 -12.1 32.7

3.3 12.7 -33.0 32.6

0.0 0.0 0.0 0.0

11.8 11.3 3.4 -3.9

9.8 9.1 4.6 -0.2

6.5 12.7 2.3 15.8

6.8 9.7 2.2 12.2

6.5 9.8 2.6 14.2

6.5 9.6 2.7 14.9

6.6 7.1 3.1 12.4

2.3 10.3 3.0 35.2

5.2 10.5 5.6 21.9

20 519 204 264 764 551 442 20 342 199 192 449 346 195 0 176 4 72 315 205 246 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,640 307 1,332

1,247 369 878

1,591 175 1,416

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

951 660 260

801 827 254

322 1,203 236

157 603 167

83 452 151

39 415 138

23 339 127

12 301 118

9 276 109

5 880 74

228 355 101

324 451 96

145 325 86

101 280 76

67 208 67

39 202 60

23 191 53

12 173 47

9 158 41

5 141 36

82 189 33

91 201 28

59 201 23

37 142 16

22 77 12

13 70 10

8 66 9

5 53 7

4 46 6

2 36 4

146 165 68

234 249 67

87 123 63

64 138 60

45 131 55

26 132 50

15 125 45

7 120 40

5 113 35

3 105 31

724 306 159

476 376 158

177 879 150

56 323 92

16 244 84

0 213 77

0 148 74

0 128 71

0 117 68

0 739 39

266 145 22

149 155 21

48 134 17

18 113 13

0 70 10

0 49 8

0 48 6

0 47 5

0 43 4

0 74 3

458 161 137

327 221 137

129 745 133

38 210 79

16 175 74

0 164 70

0 101 67

0 81 65

0 74 64

0 665 36

188 ECUADOR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

364 245 195 49 14 106 0 0 0 0 0 0 0

5,997 4,422 3,301 1,122 0 1,575 0 0 0 0 0 0 0

12,107 10,029 9,865 164 265 1,814 1,522 10 1,512 1,096 6 1,090 2,090

15,418 13,216 12,876 340 133 2,069 84 75 9 251 192 59 1,240

15,640 13,299 13,089 210 70 2,272 84 76 9 280 201 79 617

16,257 15,126 13,556 1,571 0 1,131 82 74 8 576 497 79 604

13,717 12,772 11,337 1,435 148 797 3 1 2 6 0 6 627

14,481 12,907 11,251 1,656 190 1,384 2 1 2 6 0 6 680

16,452 13,829 11,244 2,586 308 2,314 1 0 0 6 0 6 871

16,864 14,702 11,371 3,331 390 1,772 1 0 0 5 0 5 827

58 48 10 33 26 7 25 0 10 10 0 0 15 43 36 7 0

1,283 1,283 0 535 535 0 1,174 426 473 365 0 108 701 1,008 900 0 108

638 606 32 610 495 115 0 -28 474 416 30 28 -474 1,084 911 145 28

1,828 1,828 0 1,069 1,066 3 1,235 475 823 715 6 101 412 1,891 1,781 9 101

714 714 0 840 773 67 76 202 922 812 5 104 -846 1,762 1,586 72 104

1,269 1,269 0 1,179 1,111 68 -1,048 -1,139 1,078 988 2 87 -2,126 2,256 2,099 69 87

1,145 996 150 1,072 1,072 0 -181 -254 822 717 4 102 -1,003 1,894 1,789 4 102

1,401 1,353 48 1,074 1,074 0 915 587 982 879 7 95 -67 2,055 1,953 7 95

1,962 1,864 98 1,123 1,123 0 1,771 932 1,070 878 8 184 701 2,193 2,001 8 184

2,016 1,931 84 1,302 1,267 35 172 -543 1,116 900 6 209 -944 2,417 2,167 41 209

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

113 21 89 0 3 9 13 101

825 748 70 0 7 28 231 594

290 110 126 0 53 65 106 184

1,561 762 724 22 53 85 63 1,498

885 -59 870 5 69 84 257 628

860 158 648 1 53 74 224 636

712 -76 720 0 68 86 239 472

1,686 279 1,330 1 76 93 195 1,492

2,121 741 1,275 1 104 119 19 2,103

2,310 664 1,555 9 81 146 167 2,143

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

103 10 0 8 95

349 365 111 142 207

-251 416 125 -106 -145

651 715 194 -256 908

-158 812 231 -20 -138

-377 988 249 -67 -310

-284 717 280 -38 -247

474 879 333 -131 606

941 878 302 -290 1,232

1,043 900 367 -94 1,137

1,646 .. 0 .. 76 ..

11,477 2,975 0 3,647 1,257 -642

15,375 6,505 1,090 5,592 1,888 918

14,530 7,374 1,322 6,488 1,179 921

19,690 7,106 1,421 8,025 1,074 -695

23,006 7,583 1,438 9,163 1,004 -1,359

25,736 8,662 1,545 9,349 1,165 -455

.. 22.1 .. .. 0.6 20.8 .. 29.1 23.2 13.9

201.6 52.3 33.9 15.9 4.1 21.0 4.1 26.3 4.8 5.4

249.9 105.7 34.7 16.6 7.0 11.6 4.1 7.0 12.6 20.6

186.0 94.4 25.7 11.2 5.7 8.6 2.2 5.8 14.8 25.1

203.8 73.5 28.9 13.8 5.0 7.4 1.6 9.6 13.4 24.4

217.0 71.5 28.9 14.1 4.6 6.1 1.3 14.1 12.0 21.3

194.7 65.5 27.9 12.9 4.3 6.9 1.5 10.5 12.7 22.6

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

9,145 3,337 51 3,754 1,009 -360

22,620 6,819 648 7,253 2,213 -457

22,095 5,918 799 7,989 1,739 -2,099

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

362.8 132.4 32.5 14.2 5.2 8.3 3.2 15.0 7.6 17.6

226.1 68.2 27.7 12.1 3.6 14.4 3.7 13.4 11.6 18.6

264.3 70.8 29.8 15.6 4.2 11.1 2.6 14.5 12.4 20.2

189 ECUADOR (US$ million, unless otherwise indicated) 1970

1980

1990

245 195 133 50 10 83 75 62 3 4 55 49 0 49

4,422 3,301 1,325 323 102 1,002 188 1,976 55 1,697 224 1,122 0 1,122

10,029 9,865 4,065 2,127 451 1,938 468 5,800 0 4,884 917 164 0 164

34 6

109 36

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

48 41 16 5 2 12 9 25 0 2 22 7 0 7

1997

1998

1999

2000

2001

2002

2003

13,216 12,876 4,905 2,872 639 2,033 1,145 7,971 6,334 1,317 320 340 0 340

13,299 13,089 5,234 3,165 634 2,070 1,300 7,855 6,325 1,262 268 210 0 210

15,126 13,556 5,741 3,351 631 2,390 1,415 7,814 6,306 1,271 237 1,571 0 1,571

12,772 11,337 6,065 3,437 613 2,628 1,417 5,272 3,950 1,187 136 1,435 0 1,435

12,907 11,251 6,042 3,536 595 2,506 1,339 5,209 3,950 1,146 113 1,656 0 1,656

13,829 11,244 6,135 3,505 577 2,630 1,391 5,109 3,950 1,054 105 2,586 0 2,586

14,702 11,371 6,434 3,808 666 2,626 1,481 4,937 3,950 884 103 3,331 0 3,331

816 32

851 24

854 23

861 22

840 21

889 20

829 19

888 17

1,283 968 348 91 11 257 4 620 0 497 122 315 0 315

606 575 329 227 24 101 31 246 0 39 207 30 0 30

1,828 1,748 414 355 15 59 46 1,334 500 793 41 80 0 80

714 714 614 463 16 151 146 100 0 100 0 0 0 0

1,269 756 558 411 17 147 145 198 0 188 11 513 0 513

996 615 516 416 9 100 99 99 0 99 0 381 0 381

1,353 630 526 437 9 89 82 104 0 104 0 723 0 723

1,864 430 367 231 5 137 40 63 0 54 8 1,434 0 1,434

1,931 642 581 559 85 22 18 61 0 45 16 1,289 0 1,289

2 2

34 0

47 0

45 0

85 0

90 0

69 0

124 0

25 0

152 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

26 16 7 3 1 4 3 8 0 2 6 11 0 11

535 271 125 16 0 108 8 147 14 110 23 263 0 263

495 470 276 164 8 112 2 194 0 27 167 25 0 25

1,066 1,006 404 288 26 116 45 602 126 417 59 60 10 50

773 643 426 220 22 206 53 217 10 155 53 130 0 130

1,111 625 387 226 22 162 57 237 19 178 40 486 0 486

1,072 555 344 268 22 76 55 211 0 184 27 517 0 517

1,074 574 408 292 24 116 78 167 0 145 22 499 0 499

1,123 616 453 331 27 122 77 163 0 146 17 508 0 508

1,267 728 495 354 30 142 84 233 0 215 18 539 0 539

2 0

10 0

41 1

101 1

79 1

82 1

89 1

75 1

85 1

92 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

21 25 9 1 1 8 6 16 0 0 17 -4 0 -4

748 696 223 75 11 149 -4 473 -14 387 99 52 0 52

110 105 53 64 16 -11 28 52 0 12 40 5 0 5

762 742 10 67 -11 -57 1 732 374 375 -18 20 -10 30

-59 71 188 243 -7 -55 93 -117 -10 -55 -53 -130 0 -130

158 132 171 186 -5 -15 87 -39 -19 9 -29 27 0 27

-76 60 171 147 -13 24 43 -112 0 -85 -27 -136 0 -136

279 56 118 145 -15 -27 4 -62 0 -41 -22 223 0 223

741 -186 -85 -100 -22 15 -38 -101 0 -92 -8 927 0 927

664 -86 85 205 55 -120 -66 -172 0 -170 -2 751 0 751

0 2

24 0

5 -1

-56 -1

6 -1

8 -1

-21 -1

48 -1

-60 -1

59 -1

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

190 ECUADOR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 7 4 3 0 2 1 2 0 1 2 3 0 3

365 288 89 19 1 71 5 199 6 184 8 78 0 78

416 404 212 140 8 72 8 191 0 132 59 12 0 12

715 711 319 221 14 99 39 392 250 114 28 4 1 3

812 811 277 179 12 98 45 534 405 111 18 1 0 1

988 813 291 200 11 91 47 523 391 118 14 175 0 175

717 544 277 241 11 36 28 267 140 116 12 172 0 172

879 701 326 210 11 116 44 375 258 107 10 178 0 178

878 682 309 195 12 114 38 373 285 82 6 196 0 196

900 634 260 171 12 89 37 374 312 56 6 266 0 266

2 0

9 0

62 0

69 0

51 0

58 0

74 0

63 0

54 0

41 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 19 5 -1 1 6 5 14 0 -1 15 -8 0 -8

383 408 134 56 9 78 -9 274 -20 203 91 -26 0 -26

-305 -299 -160 -77 8 -83 21 -139 0 -120 -19 -7 0 -7

47 31 -309 -154 -25 -155 -38 340 125 261 -46 16 -11 27

-871 -740 -89 65 -18 -153 48 -652 -415 -166 -71 -131 0 -131

-830 -682 -120 -14 -16 -106 40 -562 -410 -108 -44 -148 0 -148

-793 -485 -106 -93 -24 -12 15 -379 -140 -200 -39 -308 0 -308

-600 -645 -208 -65 -26 -143 -40 -438 -258 -148 -31 46 0 46

-137 -868 -395 -296 -34 -99 -76 -474 -285 -174 -14 731 0 731

-236 -721 -175 33 43 -209 -103 -545 -312 -226 -8 485 0 485

-2 2

15 0

-56 -1

-125 -1

-45 -1

-50 -1

-95 -1

-15 -1

-114 -1

19 -1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

36 22 12 6 1 6 4 11 0 3 7 14 0 14

900 559 214 35 2 179 13 346 20 294 31 341 0 341

911 874 488 304 16 184 10 385 0 159 226 37 0 37

1,781 1,717 723 509 40 214 84 994 375 532 87 64 11 53

1,586 1,454 703 399 34 304 97 752 415 266 71 131 0 131

2,099 1,438 678 426 33 252 105 760 410 296 54 661 0 661

1,789 1,099 621 509 33 112 84 478 140 300 39 689 0 689

1,953 1,276 734 502 34 232 122 542 258 252 31 677 0 677

2,001 1,298 762 526 39 236 116 536 285 228 23 703 0 703

2,167 1,363 756 525 42 231 121 607 312 271 24 805 0 805

4 0

19 0

103 1

170 1

130 1

140 1

164 1

139 1

140 1

133 1

142 60 82

1,039 695 345

1,646 1,533 113

1,903 1,596 307

1,886 1,558 328

1,208 1,078 130

975 918 57

708 603 105

881 815 66

697 636 61

85 49 195 49

290 2,766 3,301 1,122

920 6,245 9,865 164

1,785 6,875 12,876 340

1,934 7,033 13,089 210

2,046 8,666 13,556 1,571

2,030 4,453 11,337 1,435

1,935 4,864 11,251 1,656

1,968 5,772 11,244 2,586

2,148 6,738 11,371 3,331

2.1 .. .. 5.6 0.3 0.0 84.9 6.7 0.1 0.3

2.3 .. .. 6.0 0.3 0.0 84.9 6.1 0.1 0.3

2.3 .. .. 6.2 0.3 0.0 85.2 5.6 0.1 0.3

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 4.6 1.9 0.0 0.8 0.2 71.7 19.6 0.0 1.2

.. 1.7 0.0 2.7 1.1 0.7 64.2 28.1 0.0 1.4

.. 2.8 1.5 6.9 1.6 0.5 54.5 29.7 0.0 2.4

.. 0.8 1.7 3.6 0.7 0.0 77.9 14.5 0.0 0.7

.. 0.7 1.7 4.7 0.6 0.0 83.5 8.0 0.0 0.8

.. 0.6 1.3 5.8 0.5 0.0 84.0 7.0 0.0 0.8

.. 0.6 1.2 6.3 0.4 0.0 83.2 7.4 0.1 0.9

191 ECUADOR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 249 62 0 0 .. 16 0 0 0 .. 152 0 0 0 .. 110 0 0 0 .. 42 0 0 0 .. 81 62 0 0 .. 61 0 0 0 .. 19 62 0 0 .. 1 0 0 0 .. 0 0 0 0 .. 45 200 0 0 .. 0 85 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 791 923 222 617 1,174 0 1,235 76 -1,048 7 1 -2 .. 451 .. 81 62 0 0 0 0 .. -46 -115 .. 193 -282 109 21 1,646 .. 113 17 35 9. AVERAGE TERMS OF NEW COMMITMENTS

4,837 3,783 624 549 74 127 121 6 0 0 2,522 0

15 0 3 2 1 12 12 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

53 0 42 42 0 11 11 0 0 0 0 0

-2,540 -181 -79 127 -2,522 -173 289

764 915 -1 12 0 -148 -14

1,971 1,771 -2 0 0 197 5

412 172 0 11 0 249 -19

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 25 .. .. .. .. ..

6.2 20.0 3.9 24.0

10.7 14.9 3.8 -0.9

6.4 17.4 4.2 24.1

9.3 10.9 5.3 5.5

7.0 14.4 3.9 16.5

6.9 21.9 4.8 20.2

7.0 16.6 5.0 17.8

5.6 10.7 2.7 17.6

4.7 13.1 3.1 24.8

1.6 21.3 5.3 57.4

4.3 35.8 8.0 48.8

8.6 22.1 4.4 11.4

5.2 22.2 6.0 35.1

6.8 17.6 4.9 20.4

7.0 15.9 4.1 17.5

6.9 21.9 4.8 20.2

6.9 17.1 5.2 18.3

6.0 11.8 3.5 18.3

4.8 13.1 3.1 24.4

1.4 22.1 5.4 59.9

7.3 10.2 1.3 8.4

12.7 7.9 3.2 -12.7

8.6 8.7 1.0 4.0

10.9 6.6 5.6 -4.1

7.0 10.1 3.3 13.3

0.0 0.0 0.0 0.0

7.5 9.9 2.5 10.0

5.1 8.7 1.4 16.4

3.9 13.3 5.0 33.5

3.0 16.6 4.6 42.6

78 1,148 641 1,778 780 83 404 30 564 413 700 581 83 378 48 584 228 1,078 199 0 26 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

418 265 153

670 647 23

495 425 70

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

301 1,904 846

188 1,194 744

110 1,185 760

54 936 663

24 689 609

10 685 578

6 600 545

3 591 536

1 1,811 494

0 475 320

263 595 279

173 617 256

103 598 230

53 567 204

24 487 180

10 459 159

6 419 140

3 418 123

1 396 105

0 352 90

7 192 111

4 198 102

0 196 93

0 175 84

0 155 77

0 159 70

0 126 63

0 138 58

0 151 52

0 154 46

256 403 168

168 418 154

103 402 137

53 392 120

24 332 103

10 300 89

6 292 77

3 280 64

1 245 53

0 198 44

38 1,309 568

15 578 488

7 587 530

0 369 458

0 202 429

0 226 418

0 181 405

0 174 414

0 1,414 388

0 123 230

30 537 38

11 103 11

5 66 8

0 50 6

0 45 5

0 32 4

0 28 3

0 12 2

0 11 2

0 11 1

8 772 530

4 475 477

2 521 521

0 319 452

0 157 425

0 194 415

0 153 402

0 161 412

0 1,404 387

0 112 229

192 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,802 1,351 1,351 0 49 401 4 4 1 82 70 12 0

19,131 14,693 14,428 265 411 4,027 383 383 0 74 74 0 0

33,017 28,439 27,439 1,000 125 4,453 1,441 872 569 3,542 1,775 1,767 14,578

30,102 27,109 26,979 131 0 2,993 5 2 2 162 142 20 7,656

32,440 28,178 27,794 384 0 4,262 2 0 2 156 134 21 7,816

31,045 26,751 26,270 481 0 4,294 1 0 1 145 137 8 6,707

29,187 25,083 24,510 573 0 4,104 0 0 0 141 140 1 6,426

29,333 25,960 25,342 619 0 3,372 0 0 0 129 129 0 5,695

30,001 26,533 25,875 659 0 3,468 0 0 0 129 129 0 6,507

31,383 27,581 27,266 316 0 3,801 0 0 0 130 130 0 7,155

188 170 18 234 225 9 -46 0 37 37 0 0 -82 270 261 9 0

2,743 2,680 63 446 343 103 2,465 168 789 349 18 422 1,676 1,235 692 121 422

1,951 1,951 0 1,751 1,704 47 -1,301 -1,502 1,323 1,007 14 301 -2,624 3,073 2,711 61 301

896 896 0 959 943 15 581 644 1,027 764 0 262 -446 1,985 1,707 16 262

749 749 0 964 964 0 1,056 1,271 934 707 0 227 122 1,898 1,671 0 227

585 585 0 1,207 1,207 0 -588 34 914 684 0 231 -1,503 2,121 1,890 0 231

586 586 0 1,100 1,100 0 -702 -189 733 619 0 113 -1,435 1,832 1,719 0 113

1,915 1,915 0 1,111 1,111 0 73 -732 838 688 0 150 -765 1,949 1,799 0 150

498 498 0 1,248 1,248 0 -653 96 825 729 0 97 -1,479 2,073 1,976 0 97

576 576 0 1,980 1,980 0 -1,071 333 783 638 0 145 -1,854 2,763 2,618 0 145

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

100 -54 1 0 153 14 129 -29

3,051 2,337 548 0 165 156 1,918 1,133

5,183 248 734 0 4,201 812 4,515 668

2,386 -47 891 515 1,028 573 1,018 1,368

2,075 -215 1,076 -160 1,374 474 1,125 950

1,864 -622 1,065 658 763 771 276 1,589

1,955 -513 1,235 269 964 472 337 1,619

2,007 804 510 39 654 733 -56 2,064

334 -749 647 -217 653 783 -99 433

-578 -1,405 237 37 552 557 -217 -361

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

63 37 0 99 -36

2,687 349 15 1,697 990

4,162 1,007 14 3,795 367

1,509 764 113 324 1,185

1,234 707 134 487 747

1,081 684 100 -354 1,435

1,244 619 92 -236 1,480

1,291 688 28 -631 1,922

-484 729 89 -666 182

-1,263 638 47 -765 -498

7,618 .. 0 .. 165 ..

21,453 9,212 2,696 9,746 2,480 -436

90,095 19,753 3,235 22,661 15,190 -1,635

100,360 21,587 2,852 23,878 13,785 -971

99,547 20,447 2,911 21,881 13,598 -388

89,954 20,029 2,893 20,474 14,076 622

82,259 23,600 2,961 20,494 14,604 3,743

.. 23.6 .. .. 0.5 9.2 .. 22.3 47.9 1.2

207.7 89.2 13.4 8.6 3.7 13.0 3.1 21.1 42.4 13.7

157.2 34.5 10.7 4.6 1.0 48.9 8.0 13.8 72.9 13.2

135.2 29.1 8.5 3.4 0.7 47.2 6.9 14.1 72.7 13.5

143.5 29.5 9.5 4.1 0.8 46.4 7.5 11.5 68.5 12.6

149.8 33.4 10.3 4.1 0.9 46.9 8.3 11.6 70.6 12.9

133.0 38.2 11.7 3.3 1.0 46.5 8.6 12.1 71.9 13.1

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

42,025 15,035 4,284 15,969 3,620 2,327

76,839 20,724 3,697 22,112 19,371 -711

83,300 17,944 3,370 22,184 18,824 -2,566

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

219.6 78.6 20.4 8.8 3.1 11.0 2.7 13.5 37.9 10.4

145.3 39.2 9.6 5.0 1.3 64.3 10.5 9.9 75.3 13.2

180.8 38.9 10.6 5.2 1.1 58.0 10.2 13.1 72.6 13.2

193 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1,351 1,351 1,189 22 0 1,167 864 162 0 36 125 0 0 0

14,693 14,428 12,623 2,625 1,885 9,998 6,231 1,805 132 257 1,416 265 0 265

28,439 27,439 21,190 3,427 1,297 17,763 11,224 6,249 0 624 5,625 1,000 0 1,000

22 0

420 307

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

170 170 137 0 0 137 53 33 0 0 33 0 0 0

1997

1998

1999

2000

2001

2002

2003

27,109 26,979 25,903 3,966 2,015 21,937 20,654 1,076 0 520 556 131 0 131

28,178 27,794 26,920 4,267 2,212 22,653 21,339 874 0 404 470 384 0 384

26,751 26,270 25,712 4,111 2,226 21,601 20,397 558 0 242 316 481 100 381

25,083 24,510 23,970 3,942 2,264 20,028 18,940 540 0 312 227 573 100 473

25,960 25,342 23,355 3,696 2,218 19,659 17,876 1,987 1,500 326 161 619 100 519

26,533 25,875 24,658 3,876 2,316 20,782 18,858 1,217 746 334 137 659 100 559

27,581 27,266 26,372 4,114 2,390 22,258 20,159 894 695 64 135 316 100 216

1,480 921

869 1,206

846 1,268

761 1,273

639 1,266

550 1,242

542 1,316

539 1,386

2,680 2,554 1,904 241 53 1,663 1,011 650 30 8 612 126 0 126

1,951 1,900 1,198 269 56 929 647 703 0 170 532 51 0 51

896 819 631 496 255 135 134 188 0 187 1 77 0 77

749 470 460 302 214 157 157 10 0 9 1 279 0 279

585 242 231 156 111 75 70 10 0 9 1 343 100 243

586 379 235 174 104 61 50 144 0 132 12 207 0 207

1,915 1,754 194 169 66 25 20 1,560 1,500 60 0 162 0 162

498 323 278 262 82 16 12 46 0 46 0 175 0 175

576 576 556 534 62 22 16 20 0 20 0 0 0 0

0 0

169 41

92 8

102 158

48 57

31 33

6 49

17 32

25 54

29 33

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

225 225 162 6 0 156 92 63 0 0 63 0 0 0

343 297 151 18 0 134 119 145 4 65 76 46 0 46

1,704 1,572 884 282 55 603 214 687 1 34 653 132 0 132

943 870 641 355 39 286 250 229 0 86 143 73 0 73

964 932 709 295 54 414 380 223 0 133 91 32 0 32

1,207 961 719 291 61 428 400 242 0 160 82 246 0 246

1,100 984 863 299 82 564 497 121 0 57 64 116 0 116

1,111 995 904 295 87 609 539 91 0 44 48 116 0 116

1,248 1,112 1,029 345 93 685 603 83 0 43 40 136 0 136

1,980 1,637 1,326 544 98 782 689 312 0 293 18 343 0 343

6 0

6 0

176 7

225 16

114 17

106 20

87 23

72 29

72 34

77 37

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-54 -54 -24 -6 0 -19 -39 -30 0 0 -30 0 0 0

2,337 2,257 1,753 224 53 1,529 892 505 26 -58 536 80 0 80

248 329 313 -13 1 326 432 15 -1 137 -121 -81 0 -81

-47 -51 -10 141 216 -151 -116 -41 0 101 -142 4 0 4

-215 -462 -249 8 160 -257 -223 -213 0 -123 -89 247 0 247

-622 -719 -488 -135 50 -352 -329 -232 0 -151 -81 97 100 -3

-513 -604 -628 -125 22 -502 -448 23 0 75 -52 91 0 91

804 759 -710 -126 -21 -584 -519 1,469 1,500 16 -48 46 0 46

-749 -789 -752 -83 -11 -669 -591 -37 0 3 -40 40 0 40

-1,405 -1,062 -770 -10 -36 -760 -673 -292 0 -274 -18 -343 0 -343

-6 0

162 41

-84 1

-123 142

-67 39

-74 14

-81 26

-55 3

-47 21

-48 -4

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

194 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

37 37 30 2 0 28 18 7 0 0 7 0 0 0

349 327 221 40 7 181 146 106 11 36 59 23 0 23

1,007 918 719 184 14 535 196 199 0 45 153 89 0 89

764 757 694 201 29 493 387 63 0 25 38 8 0 8

707 700 638 195 33 443 347 62 0 35 28 7 0 7

684 675 630 191 35 439 345 46 0 24 21 8 0 8

619 603 573 147 34 425 338 31 0 16 15 16 12 4

688 671 575 137 34 437 325 96 63 23 10 17 12 5

729 713 567 127 34 440 298 146 127 13 6 16 12 4

638 623 548 104 33 444 301 75 65 6 4 15 12 3

2 0

29 2

138 7

72 8

56 9

51 9

41 9

34 9

28 10

24 10

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-91 -91 -54 -7 0 -47 -57 -37 0 0 -37 0 0 0

1,988 1,931 1,532 184 46 1,348 746 399 15 -94 478 57 0 57

-759 -589 -406 -197 -13 -209 236 -183 -1 91 -274 -170 0 -170

-812 -808 -704 -59 187 -644 -502 -104 0 76 -179 -4 0 -4

-922 -1,162 -887 -187 127 -700 -570 -275 0 -158 -117 241 0 241

-1,306 -1,395 -1,117 -326 15 -791 -674 -277 0 -175 -102 89 100 -11

-1,133 -1,208 -1,201 -273 -12 -928 -785 -7 0 59 -67 75 -12 87

116 88 -1,285 -263 -54 -1,022 -844 1,372 1,437 -7 -57 28 -12 40

-1,478 -1,501 -1,319 -209 -45 -1,109 -889 -183 -127 -10 -46 24 -12 36

-2,042 -1,685 -1,318 -113 -69 -1,204 -974 -367 -65 -279 -22 -358 -12 -346

-7 0

133 39

-222 -6

-194 134

-123 30

-126 4

-122 17

-89 -7

-75 11

-72 -14

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

261 261 191 7 0 184 110 70 0 0 70 0 0 0

692 623 372 58 7 315 265 251 15 101 135 69 0 69

2,711 2,489 1,604 466 69 1,138 411 886 1 79 806 221 0 221

1,707 1,627 1,335 555 68 779 636 292 0 112 180 81 0 81

1,671 1,632 1,347 490 87 857 728 286 0 167 118 38 0 38

1,890 1,636 1,349 482 96 867 745 288 0 184 104 254 0 254

1,719 1,587 1,435 446 117 989 835 152 0 73 79 132 12 120

1,799 1,666 1,478 432 120 1,046 864 188 63 67 57 133 12 121

1,976 1,825 1,596 471 128 1,125 901 228 127 56 46 151 12 139

2,618 2,260 1,874 648 131 1,226 990 387 65 299 22 358 12 346

7 0

36 2

314 14

297 24

170 26

157 29

128 32

106 39

100 43

101 47

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

315 282 33

4,999 4,163 837

4,573 3,335 1,237

2,072 1,950 122

1,763 1,676 87

1,430 1,400 30

1,808 1,660 148

1,619 1,537 82

1,646 1,609 37

1,862 1,844 19

864 0 1,351 0

8,115 663 14,427 266

12,521 4,399 27,418 1,021

22,669 1,375 26,977 132

23,550 1,545 27,792 386

22,623 1,461 26,268 483

21,204 1,542 24,508 574

20,094 1,579 25,341 620

21,174 1,799 25,874 660

22,549 1,380 27,265 317

29.0 .. .. 11.3 2.0 1.9 43.7 5.3 0.2 6.7

32.6 .. .. 11.9 2.1 2.1 39.3 4.9 0.3 6.9

36.1 .. .. 12.3 2.1 2.2 35.1 4.1 0.7 7.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 10.0 0.9 0.0 2.9 2.4 23.0 1.6 0.0 59.0

.. 4.8 5.6 4.0 1.2 1.3 73.0 3.3 0.0 6.7

.. 12.3 14.0 8.2 2.5 3.0 41.8 8.4 0.6 9.1

.. 10.4 18.1 11.6 1.5 2.3 39.5 6.4 0.1 10.2

.. 10.8 18.2 12.4 1.4 2.3 37.5 6.6 0.1 10.8

.. 9.8 16.2 14.6 1.3 2.0 38.4 6.4 0.1 11.1

.. 9.8 15.5 13.7 1.2 2.1 40.1 6.3 0.3 11.0

195 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 156 53 96 .. 0 0 0 0 .. 0 95 44 85 .. 0 23 24 10 .. 0 72 21 75 .. 0 18 11 10 .. 0 3 2 1 .. 0 15 9 9 .. 10,576 27 17 1 .. 2,481 2 1 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. -12,667 -1,436 2,338 -1,395 -1,301 581 1,056 -588 2,465 .. -1,938 1 -2 -1 .. 0 18 11 10 -27 -17 -1 .. -10,576 -991 .. 1,460 -2,027 1,065 .. -312 18 224 177 9. AVERAGE TERMS OF NEW COMMITMENTS

22 0 13 2 11 1 0 1 25 0 0 0

0 0 3 2 1 0 0 0 0 0 0 0

0 0 1 0 1 0 0 0 0 0 0 0

1 0 1 0 1 0 0 0 0 0 0 0

-1,858 -702 -1 1 -25 -899 -232

146 73 0 0 0 -943 1,016

669 -653 0 0 0 2,197 -875

1,381 -1,071 0 0 0 2,494 -41

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -46 .. .. .. .. ..

5.2 14.3 7.8 26.5

5.0 26.6 6.6 39.1

5.3 25.5 6.9 36.0

6.1 19.1 5.9 23.9

3.4 27.3 7.7 52.5

0.8 34.7 10.2 78.7

5.3 16.4 4.7 27.9

8.4 8.5 8.4 8.1

2.2 10.1 3.1 31.7

2.7 12.2 3.9 37.7

5.2 14.9 8.2 27.5

3.3 36.4 8.9 56.9

4.7 28.2 7.6 41.8

5.1 24.4 7.6 36.3

3.4 27.3 7.7 52.5

0.8 34.7 10.2 78.7

4.7 21.8 5.5 36.0

0.8 49.8 10.3 83.2

2.2 10.1 3.1 31.7

2.7 12.2 3.9 37.7

5.9 4.7 1.5 10.6

7.9 9.6 2.5 8.3

8.4 11.5 3.4 6.9

7.4 11.8 3.7 7.1

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

6.8 3.0 2.9 7.8

8.5 8.4 8.4 7.9

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

306 2,176 1,223 513 286 155 917 287 1,378 1,022 296 286 155 652 18 797 201 217 0 0 265 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,504 4 1,500

451 451 0

688 688 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

495 1,959 734

368 1,593 679

245 1,549 637

175 1,671 602

116 1,745 559

71 1,762 514

46 1,778 469

25 2,427 395

17 1,777 324

7 1,798 284

483 1,586 650

366 1,558 611

245 1,538 570

175 1,663 536

116 1,737 493

71 1,754 449

46 1,771 404

25 1,725 361

17 1,770 321

7 1,790 281

119 1,200 545

68 1,245 514

39 1,259 482

23 1,287 452

12 1,350 421

4 1,367 389

2 1,420 357

0 1,475 324

0 1,546 290

0 1,574 254

364 386 105

297 313 97

206 278 88

152 376 84

104 387 72

67 387 59

44 351 47

25 249 37

17 224 31

7 216 27

12 373 84

2 35 68

0 11 67

0 8 66

0 8 66

0 8 65

0 8 65

0 703 34

0 8 3

0 8 3

11 48 2

2 25 1

0 3 0

0 1 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

1 325 82

0 10 67

0 8 66

0 7 66

0 7 66

0 8 65

0 8 65

0 703 34

0 8 3

0 8 3

196 EL SALVADOR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

182 176 88 88 6 0 0 0 0 0 0 0 0

911 659 499 161 32 220 0 0 0 0 0 0 0

2,149 1,938 1,913 26 0 210 7 7 0 6 6 0 236

3,251 2,441 2,396 45 0 810 1 1 0 14 13 1 427

3,373 2,523 2,442 82 0 849 1 1 0 5 5 0 133

3,793 2,740 2,647 93 0 1,053 0 0 0 0 0 0 130

4,528 2,883 2,772 111 0 1,645 0 0 0 0 0 0 96

5,313 3,406 3,250 156 0 1,907 0 0 0 0 0 0 110

6,002 4,838 4,712 126 0 1,164 0 0 0 0 0 0 106

7,080 5,321 5,213 108 0 1,759 0 0 0 0 0 0 98

31 31 0 27 22 5 4 0 9 9 0 0 -5 36 31 5 0

149 109 40 35 35 0 56 -58 61 35 0 25 -5 96 71 0 25

108 108 0 124 119 5 2 18 84 75 0 9 -83 208 194 5 9

333 333 0 127 127 0 422 216 152 110 0 42 270 279 237 0 42

325 325 0 287 287 0 77 39 159 111 0 48 -82 446 398 0 48

388 388 0 167 167 0 426 204 175 122 0 53 251 341 288 0 53

362 362 0 153 153 0 801 592 221 147 0 73 580 374 300 0 73

730 730 0 168 168 0 824 262 216 160 0 55 608 384 329 0 55

1,565 1,565 0 190 190 0 633 -743 264 221 0 43 369 453 410 0 43

616 616 0 221 221 0 990 595 326 293 0 32 664 547 514 0 32

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

14 9 4 0 1 7 5 10

111 74 6 0 31 9 104 7

151 -11 2 0 160 127 143 7

357 206 59 0 92 119 251 106

1,261 38 1,104 0 119 64 186 1,075

533 222 216 0 95 70 148 385

455 209 173 0 72 85 128 327

994 562 279 2 150 90 306 688

1,950 1,376 470 -2 107 107 271 1,679

587 395 89 0 103 123 181 406

5 9 0 2 3

34 35 41 82 -48

44 75 31 81 -37

247 110 0 151 96

1,121 111 29 82 1,038

300 122 111 34 266

248 147 60 5 243

760 160 73 181 579

1,640 221 89 159 1,481

217 293 77 59 158

1,123 .. 0 .. 64 ..

3,490 1,282 49 1,289 382 34

12,183 4,661 1,387 5,108 2,140 -239

12,881 5,554 1,765 6,031 2,051 -431

13,547 5,675 1,926 6,213 1,871 -150

13,989 5,897 1,954 6,396 1,784 -412

15,287 6,232 2,122 6,978 2,139 -734

.. 16.2 .. .. 0.8 35.0 .. 0.0 21.2 22.3

71.1 26.1 7.5 4.7 1.7 41.9 3.6 24.1 23.9 28.3

81.4 31.1 7.3 3.8 1.4 56.4 5.0 27.8 30.8 48.1

81.5 35.2 6.7 4.0 1.7 45.3 4.1 36.3 24.8 41.2

93.6 39.2 6.8 3.8 1.6 35.2 3.6 35.9 20.3 37.3

101.8 42.9 7.7 4.5 1.9 29.7 3.3 19.4 17.9 36.6

113.6 46.3 8.8 5.2 2.1 30.2 3.7 24.8 15.8 32.9

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

4,727 1,360 366 1,785 595 -152

10,971 4,188 1,199 4,447 1,444 -98

11,845 4,498 1,340 4,777 1,748 -91

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

158.0 45.5 15.3 6.2 1.8 27.7 4.0 9.8 56.3 36.6

77.6 29.6 6.7 3.6 1.4 44.4 3.9 24.9 36.1 51.2

75.0 28.5 9.9 3.5 1.3 51.8 4.4 25.2 35.1 52.1

197 EL SALVADOR (US$ million, unless otherwise indicated) 1970

1980

1990

176 88 70 41 10 30 29 17 3 14 0 88 0 88

659 499 460 258 134 202 84 39 0 8 31 161 0 161

1,938 1,913 1,729 786 414 943 795 184 0 127 57 26 0 26

25 8

87 27

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

31 8 6 5 2 2 2 1 0 1 0 24 0 24

1997

1998

1999

2000

2001

2002

2003

2,441 2,396 2,266 1,665 656 601 516 130 0 83 47 45 0 45

2,523 2,442 2,374 1,758 646 616 538 67 0 19 49 82 0 82

2,740 2,647 2,429 1,823 632 606 537 218 150 26 41 93 0 93

2,883 2,772 2,437 1,864 608 574 515 335 202 102 30 111 0 111

3,406 3,250 2,556 1,983 583 572 497 694 558 109 28 156 0 156

4,838 4,712 2,772 2,198 564 574 513 1,941 1,809 99 33 126 0 126

5,321 5,213 2,932 2,328 563 604 557 2,281 2,158 86 38 108 0 108

140 23

275 19

287 18

293 17

309 16

334 15

371 14

372 14

109 109 81 36 15 45 19 29 0 2 26 0 0 0

108 108 77 44 33 33 18 30 0 25 5 0 0 0

333 289 267 231 25 37 35 22 0 15 7 44 0 44

325 260 254 236 8 19 18 6 0 4 3 65 0 65

388 348 182 163 8 19 19 167 150 15 2 40 0 40

362 312 171 151 4 21 21 140 52 87 1 50 0 50

730 670 300 246 2 54 26 370 356 15 0 60 0 60

1,565 1,565 311 299 2 12 11 1,254 1,252 3 0 0 0 0

616 609 260 219 1 41 41 349 349 0 0 7 0 7

1 0

10 3

2 0

35 0

34 0

23 0

34 0

49 0

63 0

38 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

22 6 3 3 0 0 0 3 0 3 0 16 0 16

35 17 8 5 1 3 1 10 0 2 8 18 0 18

119 105 94 57 11 37 8 11 0 9 2 14 0 14

127 126 108 85 15 24 17 18 0 14 4 1 0 1

287 259 188 164 20 24 16 72 0 68 4 28 0 28

167 138 129 102 25 27 19 9 0 7 3 28 0 28

153 120 116 85 22 31 19 4 0 4 1 33 0 33

168 153 144 111 24 33 22 9 0 9 1 15 0 15

190 160 147 109 25 38 23 13 0 12 1 30 0 30

221 196 182 137 28 45 31 14 0 13 1 25 0 25

2 0

3 0

15 1

24 1

28 1

17 1

17 1

24 1

27 1

37 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9 2 3 2 2 1 2 -2 0 -2 0 8 0 8

74 92 73 31 14 42 18 19 0 1 18 -18 0 -18

-11 3 -17 -13 23 -4 11 19 0 16 3 -14 0 -14

206 163 159 146 10 13 19 4 0 1 3 43 0 43

38 1 66 72 -11 -5 2 -65 0 -65 -1 37 0 37

222 210 53 61 -17 -8 -1 157 150 8 -1 12 0 12

209 191 55 65 -18 -10 1 136 52 84 0 18 0 18

562 517 156 135 -23 21 4 361 356 6 -1 45 0 45

1,376 1,406 164 190 -23 -26 -12 1,241 1,252 -10 0 -30 0 -30

395 413 78 83 -27 -4 10 335 349 -13 -1 -18 0 -18

-1 0

7 3

-13 -1

12 -1

7 -1

6 -1

17 -1

25 -1

36 -1

1 -1

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

198 EL SALVADOR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

9 4 2 2 0 0 0 1 0 1 0 6 0 6

35 24 21 11 2 10 2 3 0 1 2 11 0 11

75 72 62 50 8 13 9 9 0 8 2 3 0 3

110 107 101 79 11 21 14 7 0 5 1 3 0 3

111 106 103 83 11 20 14 3 0 2 1 5 0 5

122 116 114 93 12 21 14 2 0 1 1 6 0 6

147 141 123 102 11 21 15 18 17 1 1 7 0 7

160 154 125 106 11 19 14 29 19 9 0 6 0 6

221 212 112 94 11 19 14 100 91 9 0 8 0 8

293 286 122 104 12 18 14 164 156 8 0 7 0 7

1 0

7 0

14 0

19 0

20 0

20 0

24 0

24 0

19 0

17 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 -2 1 0 2 1 1 -3 0 -3 0 2 0 2

39 68 52 20 12 32 16 16 0 0 16 -29 0 -29

-86 -69 -79 -62 14 -16 2 10 0 8 2 -17 0 -17

96 56 59 67 -1 -8 5 -3 0 -4 1 40 0 40

-73 -105 -37 -11 -22 -26 -12 -68 0 -66 -2 32 0 32

100 94 -61 -31 -29 -29 -15 155 150 6 -1 6 0 6

61 51 -67 -37 -29 -31 -13 118 35 83 0 11 0 11

401 363 30 28 -34 2 -10 332 336 -3 -1 39 0 39

1,155 1,193 52 97 -34 -45 -25 1,141 1,161 -19 -1 -38 0 -38

102 127 -44 -22 -39 -22 -4 170 193 -22 -1 -25 0 -25

-2 0

0 3

-27 -1

-7 -1

-13 -1

-14 -1

-7 -1

2 -1

17 -1

-16 -1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

31 9 5 5 0 1 0 4 0 4 0 22 0 22

71 42 29 16 3 13 3 13 0 3 10 29 0 29

194 177 156 107 19 50 17 21 0 17 4 17 0 17

237 233 209 164 26 45 31 25 0 19 6 4 0 4

398 365 291 247 30 44 30 75 0 70 5 33 0 33

288 254 243 194 36 48 33 12 0 8 3 34 0 34

300 261 239 187 33 51 34 23 17 5 1 39 0 39

329 307 269 218 35 52 36 38 19 18 1 21 0 21

410 372 259 203 36 56 37 113 91 22 1 38 0 38

514 482 304 241 40 63 45 178 156 22 1 32 0 32

4 0

10 0

29 1

42 1

47 1

37 1

41 1

48 1

46 1

54 1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

38 38 0

424 390 34

324 322 2

907 887 20

786 766 20

813 788 25

790 776 14

776 771 6

804 801 3

709 706 3

39 88 88 88

218 181 496 163

1,209 192 1,905 34

1,173 610 2,390 51

1,184 736 2,436 87

1,169 876 2,642 99

1,123 994 2,767 116

1,080 1,207 3,245 161

1,077 1,343 4,708 130

1,120 1,402 5,209 112

.. 3.1 0.4 5.3 0.0 0.0 71.1 18.8 0.5 0.8

2.8 .. .. 4.3 0.0 0.0 76.5 15.5 0.4 0.6

2.2 .. .. 3.4 0.0 0.0 83.3 10.4 0.3 0.4

2.4 .. .. 3.5 0.0 0.0 84.2 9.3 0.2 0.4

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 65.2 31.1 0.0 3.6

.. 0.2 5.5 3.6 0.3 0.0 37.8 32.6 0.0 20.1

.. 3.7 3.3 1.3 0.0 0.0 56.5 33.7 0.0 1.4

.. 4.1 1.6 3.7 0.0 0.0 65.7 23.7 0.4 0.7

.. 4.4 1.5 4.9 0.0 0.0 66.1 21.8 0.5 0.8

.. 3.5 1.2 5.6 0.0 0.0 68.2 20.1 0.5 0.8

199 EL SALVADOR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 86 0 0 0 .. 0 0 0 0 .. 42 0 0 0 .. 39 0 0 0 .. 3 0 0 0 .. 43 0 0 0 .. 38 0 0 0 .. 5 0 0 0 .. 0 0 0 1 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 67 337 121 421 56 2 422 77 426 .. -17 -2 0 -1 .. 43 0 0 0 .. 0 0 0 -1 .. 7 -149 -48 28 .. 31 65 93 -32 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 17 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

735 801 0 0 -17 -41 -8

785 824 0 0 0 -39 0

689 633 0 0 0 52 5

1,078 990 0 0 0 65 23

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 4 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

4.7 23.4 6.0 37.6

4.2 27.6 8.4 45.8

4.6 29.8 7.2 45.5

7.0 16.9 3.7 17.1

7.0 21.9 3.8 18.0

7.3 16.1 5.7 17.4

8.2 15.2 3.8 10.4

7.9 15.4 6.1 11.7

7.5 20.6 17.8 17.2

6.7 20.1 14.5 23.2

4.4 25.0 6.5 40.7

3.3 28.4 8.9 53.5

3.2 35.6 8.8 56.6

7.0 17.6 3.9 17.7

7.1 22.5 3.9 18.4

5.9 22.8 5.2 27.2

7.1 19.9 4.5 18.0

7.3 21.8 1.8 16.3

5.3 17.3 4.7 29.0

4.9 20.5 5.8 32.5

7.5 7.2 0.7 6.9

11.7 20.7 4.3 -17.3

10.4 5.0 0.5 -1.4

7.0 7.0 1.1 8.7

6.6 4.9 0.9 7.7

9.0 7.6 6.3 4.9

9.7 8.8 3.0 0.2

8.5 9.9 9.8 7.9

8.1 21.4 21.4 14.0

7.8 19.8 19.8 17.5

12 225 131 195 156 394 307 11 200 106 181 150 222 177 1 25 25 14 6 172 130 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

668 306 362

1,600 349 1,252

562 213 349

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

238 271 331

176 277 325

126 408 316

83 311 289

39 261 275

24 247 263

14 243 252

7 878 241

0 207 176

0 187 168

236 233 138

175 244 134

126 228 127

83 234 119

39 239 109

24 225 99

14 222 89

7 213 80

0 206 71

0 186 62

25 40 20

19 40 19

13 37 17

10 31 16

7 35 15

6 37 14

5 37 13

4 36 12

0 35 11

0 35 10

211 194 117

157 205 115

112 191 110

73 204 103

32 204 94

18 188 84

9 184 76

3 177 67

0 171 59

0 151 52

2 38 193

0 32 191

0 180 189

0 77 170

0 22 166

0 22 164

0 21 163

0 665 161

0 1 106

0 1 105

0 16 7

0 14 6

0 14 4

0 12 3

0 9 2

0 9 1

0 9 1

0 0 0

0 0 0

0 0 0

1 22 186

0 18 185

0 165 184

0 64 167

0 13 163

0 13 163

0 12 162

0 665 161

0 1 106

0 1 105

200 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

5.0 5.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.0

75.6 52.5 52.5 0.0 16.1 7.0 0.0 0.0 0.0 5.6 5.6 0.0

241.1 209.2 209.2 0.0 5.8 26.0 19.7 17.3 2.3 28.4 24.4 4.0

283.2 208.6 208.6 0.0 13.2 61.4 37.4 32.8 4.6 91.0 76.8 14.3

306.1 216.5 216.5 0.0 10.8 78.8 39.8 34.9 4.9 97.0 82.0 15.0

271.1 207.9 207.9 0.0 8.0 55.2 37.2 32.9 4.3 95.0 81.8 13.2

247.8 198.9 198.9 0.0 4.9 44.0 36.0 32.0 4.0 94.7 82.4 12.3

238.9 192.1 192.1 0.0 2.2 44.6 35.5 31.6 3.9 96.2 84.2 12.1

260.4 209.1 209.1 0.0 1.1 50.1 39.5 35.0 4.4 106.9 93.2 13.7

319.3 227.7 227.7 0.0 0.3 91.3 44.3 39.1 5.2 117.4 101.3 16.1

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

37.6 19.6 18.0 1.7 1.7 0.0 40.9 5.0 0.8 0.1 0.2 0.6 40.0 2.6 1.8 0.2 0.6

9.9 9.9 0.0 4.2 0.6 3.6 9.7 4.0 0.9 0.5 0.2 0.2 8.8 5.1 1.1 3.8 0.2

2.6 2.6 0.0 4.1 1.1 3.0 19.0 20.6 1.8 1.0 0.1 0.7 17.2 5.9 2.1 3.1 0.7

1.1 1.1 0.0 3.7 0.8 2.9 12.4 15.0 2.3 0.7 0.1 1.6 10.1 6.0 1.5 2.9 1.6

3.8 3.8 0.0 3.5 1.0 2.5 -20.7 -21.0 1.5 0.7 0.0 0.8 -22.2 5.0 1.7 2.5 0.8

1.7 1.7 0.0 4.1 1.4 2.7 -12.3 -10.0 1.2 0.8 0.0 0.4 -13.5 5.3 2.2 2.7 0.4

0.3 0.3 0.0 3.6 1.0 2.6 -2.2 1.1 1.0 0.6 0.0 0.4 -3.2 4.6 1.6 2.6 0.4

2.0 2.0 0.0 2.5 1.3 1.2 1.1 1.6 1.1 0.7 0.0 0.4 -0.1 3.6 2.0 1.2 0.4

1.1 1.1 0.0 4.7 3.8 0.9 32.7 36.3 2.6 1.0 0.0 1.6 30.1 7.3 4.8 0.9 1.6

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

19.2 17.8 0.0 0.0 1.4 2.0 14.8 4.5

63.9 9.4 11.1 0.0 43.5 12.9 52.8 11.1

68.0 1.4 53.5 0.0 13.1 12.4 14.5 53.5

304.7 0.3 291.5 0.0 12.9 13.2 13.2 291.5

266.0 2.8 251.9 0.0 11.3 10.1 14.1 251.9

126.1 0.3 107.9 0.0 17.9 7.9 18.2 107.9

959.7 -0.7 945.0 0.0 15.4 4.9 14.7 945.0

336.5 0.7 323.4 0.0 12.5 9.8 13.1 323.4

1,439.6 -2.7 1,430.7 0.0 11.6 12.6 8.9 1,430.7

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

0.0 0.0 0.0 0.0 0.0

19.1 0.1 0.0 14.7 4.4

63.4 0.5 0.0 52.3 11.1

67.0 1.0 0.0 13.5 53.5

304.1 0.7 0.0 12.6 291.5

265.3 0.7 0.0 13.4 251.9

125.3 0.8 0.0 17.4 107.9

959.1 0.6 0.0 14.1 945.0

335.8 0.7 0.0 12.4 323.4

1,438.6 1.0 0.0 7.9 1,430.7

404.9 .. 0.0 .. 0.8 ..

416.6 .. 0.0 .. 3.4 ..

448.0 .. 0.0 .. 23.0 ..

454.3 .. 0.0 .. 70.9 ..

.. .. 0.0 .. 88.5 ..

.. .. 0.0 .. 237.7 ..

.. 75.6 .. .. 0.6 0.3 .. 25.7 47.1 32.0

.. 65.1 .. .. 0.4 1.2 .. 20.4 52.5 36.2

.. 55.3 .. .. 0.3 9.3 .. 17.8 55.3 37.8

.. 52.6 .. .. 0.2 29.7 .. 18.7 55.3 37.3

.. .. .. .. .. 34.0 .. 19.2 55.0 37.5

.. .. .. .. .. 74.4 .. 28.6 48.2 33.4

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

66.9 .. 0.0 .. .. ..

.. .. 0.0 .. .. ..

.. 7.5 .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. 9.3 41.7 3.6

123.5 42.3 0.0 99.2 0.7 -19.0

415.8 .. 0.0 .. 4.9 ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

569.6 195.2 12.1 2.2 0.8 0.3 0.1 10.8 49.0 27.9

.. 68.1 .. .. 0.4 1.7 .. 21.7 49.0 33.1

201 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.0 5.0 5.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

52.5 52.5 45.3 2.7 2.0 42.6 29.5 7.2 0.0 0.0 7.2 0.0 0.0 0.0

209.2 209.2 191.5 67.4 51.6 124.1 66.4 17.8 0.0 0.0 17.8 0.0 0.0 0.0

0.0 0.0

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

208.6 208.6 194.3 93.7 83.7 100.5 55.1 14.3 0.0 0.0 14.3 0.0 0.0 0.0

216.5 216.5 201.5 98.0 87.6 103.6 56.4 15.0 0.0 0.0 15.0 0.0 0.0 0.0

207.9 207.9 194.7 98.2 89.4 96.5 53.0 13.2 0.0 0.0 13.2 0.0 0.0 0.0

198.9 198.9 186.5 93.6 85.8 92.9 51.2 12.3 0.0 0.0 12.3 0.0 0.0 0.0

192.1 192.1 180.0 89.1 81.8 90.9 50.3 12.1 0.0 0.0 12.1 0.0 0.0 0.0

209.1 209.1 195.5 97.6 89.7 97.9 53.4 13.7 0.0 0.0 13.7 0.0 0.0 0.0

227.7 227.7 211.6 106.7 98.1 104.9 55.6 16.1 0.0 0.0 16.1 0.0 0.0 0.0

0.0 37.6

0.0 49.9

0.0 51.7

0.0 50.3

0.0 47.3

0.0 45.0

0.0 47.9

0.0 51.7

19.6 19.6 14.8 1.7 1.0 13.1 3.3 4.8 0.0 0.0 4.8 0.0 0.0 0.0

9.9 9.9 9.9 3.7 3.1 6.3 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.6 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.1 1.1 1.1 1.1 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.8 3.8 3.8 3.8 3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.0 2.0 2.0 2.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.1 1.1 1.1 1.1 1.1 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 2.0

0.0 1.3

0.0 0.3

0.0 0.1

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1.7 1.7 1.4 0.0 0.0 1.4 0.0 0.3 0.0 0.0 0.3 0.0 0.0 0.0

0.6 0.6 0.6 0.5 0.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.1 1.1 1.1 1.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.0 1.0 1.0 1.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.0 0.6 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.0 1.0 1.0 1.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.3 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.8 3.8 3.8 2.0 1.3 1.8 1.8 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 0.4

0.0 0.4

0.0 0.4

0.0 0.4

0.0 0.5

0.0 0.5

0.0 0.7

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

17.8 17.8 13.4 1.7 1.0 11.7 3.3 4.5 0.0 0.0 4.5 0.0 0.0 0.0

9.4 9.4 9.4 3.2 2.6 6.2 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.4 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 0.3 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.8 2.8 2.8 2.8 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 0.7 1.1 -0.4 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.7 -0.7 -0.7 -0.7 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.7 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-2.7 -2.7 -2.7 -0.9 -0.2 -1.8 -1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 2.0

0.0 0.8

0.0 -0.1

0.0 -0.3

0.0 -0.4

0.0 -0.5

0.0 -0.5

0.0 -0.7

5. LONG-TERM DEBT

202 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.5 0.5 0.5 0.3 0.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.0 1.0 1.0 1.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.7 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.7 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.6 0.6 0.6 0.6 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.7 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.0 1.0 1.0 0.8 0.7 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.2

0.0 0.5

0.0 0.3

0.0 0.3

0.0 0.4

0.0 0.4

0.0 0.4

0.0 0.4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

17.8 17.8 13.3 1.7 1.0 11.6 3.2 4.4 0.0 0.0 4.4 0.0 0.0 0.0

8.9 8.9 8.9 2.9 2.3 6.0 6.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.4 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.4 -0.4 -0.4 -0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 2.1 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.5 -0.5 -0.5 -0.1 0.5 -0.4 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.3 -1.3 -1.3 -1.3 -0.8 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 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-3.7 -3.7 -3.7 -1.7 -0.9 -2.0 -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 1.8

0.0 0.4

0.0 -0.4

0.0 -0.7

0.0 -0.8

0.0 -0.8

0.0 -0.9

0.0 -1.1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1.8 1.8 1.5 0.0 0.0 1.5 0.1 0.4 0.0 0.0 0.4 0.0 0.0 0.0

1.1 1.1 1.1 0.8 0.8 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 2.1 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.5 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 1.7 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 1.8 1.3 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.6 1.6 1.6 1.6 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.0 2.0 2.0 2.0 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 2.8 2.0 2.0 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 0.2

0.0 0.9

0.0 0.7

0.0 0.7

0.0 0.8

0.0 0.8

0.0 0.9

0.0 1.1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.0 0.0 0.0

70.6 67.6 3.0

64.9 64.9 0.0

28.3 28.3 0.0

30.8 30.8 0.0

14.4 14.4 0.0

10.9 10.9 0.0

10.2 10.2 0.0

8.9 8.9 0.0

8.6 8.6 0.0

0.0 0.0 5.0 0.0

31.5 0.0 46.9 5.6

118.1 5.1 209.2 0.0

138.7 4.1 208.6 0.0

144.1 4.1 216.5 0.0

142.4 4.1 207.9 0.0

137.0 4.0 198.9 0.0

132.1 3.9 192.1 0.0

143.2 4.0 209.1 0.0

153.8 4.2 227.7 0.0

.. 4.4 6.3 0.0 0.0 0.0 43.9 17.9 0.0 27.5

26.5 .. .. 0.0 0.0 0.0 44.2 17.6 0.0 11.6

28.7 .. .. 0.0 0.0 0.0 42.0 18.1 0.0 11.1

31.2 .. .. 0.0 0.0 0.0 40.1 18.3 0.0 10.4

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100.0

.. 0.0 0.0 0.0 0.0 0.0 16.5 0.0 0.0 83.5

.. 5.9 7.0 0.0 0.0 0.0 37.8 5.6 0.0 43.6

.. 5.0 7.1 0.0 0.0 0.0 43.3 15.3 0.0 29.3

.. 5.1 7.3 0.0 0.0 0.0 42.5 15.5 0.0 29.5

.. 4.6 6.5 0.0 0.0 0.0 43.6 17.5 0.0 27.8

203 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 18.5 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 8. DEBT STOCK-FLOW RECONCILIATION .. 12.0 0.7 22.9 -35.0 40.9 9.7 19.0 12.4 -20.7 .. 7.2 -2.2 2.4 -2.6 .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 .. -18.5 -14.9 5.0 -10.8 .. 15.4 .. -1.9 -1.1 3.2 -0.9 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

-23.3 -12.3 -1.2 0.0 0.0 -7.9 -1.9

-8.9 -2.2 -0.5 0.0 0.0 -5.6 -0.6

21.5 1.1 3.9 0.0 0.0 13.2 3.3

58.9 32.7 4.9 0.0 0.0 18.4 3.0

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 0.0 .. .. .. .. ..

0.0 0.0 0.0 0.0

6.5 14.2 3.4 21.0

0.9 38.2 10.1 77.5

0.0 0.0 0.0 0.0

0.0 49.7 10.2 90.0

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

6.5 14.2 3.4 21.0

0.9 38.2 10.1 77.5

0.0 0.0 0.0 0.0

0.0 49.7 10.2 90.0

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 0.0

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 27 18 0 3 0 0 0 27 18 0 3 0 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

3.7 4.2 1.0

2.0 3.6 0.9

1.4 3.7 0.9

1.0 4.0 0.8

0.5 4.2 0.8

0.1 4.3 0.7

0.0 4.2 0.7

0.0 3.8 0.7

0.0 3.8 0.6

0.0 4.0 0.6

3.7 4.2 1.0

2.0 3.6 0.9

1.4 3.7 0.9

1.0 4.0 0.8

0.5 4.2 0.8

0.1 4.3 0.7

0.0 4.2 0.7

0.0 3.8 0.7

0.0 3.8 0.6

0.0 4.0 0.6

0.0 1.6 0.2

0.0 0.9 0.2

0.0 0.8 0.2

0.0 0.8 0.1

0.0 0.7 0.1

0.0 0.7 0.1

0.0 0.7 0.1

0.0 0.6 0.1

0.0 0.6 0.1

0.0 0.6 0.1

3.7 2.6 0.8

2.0 2.7 0.7

1.4 2.9 0.7

1.0 3.2 0.7

0.5 3.5 0.7

0.1 3.5 0.6

0.0 3.5 0.6

0.0 3.2 0.6

0.0 3.2 0.6

0.0 3.4 0.5

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 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 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

204 ERITREA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

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

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

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

75.5 75.5 75.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

151.3 146.1 146.1 0.0 0.0 5.2 0.0 0.0 0.0 0.0 0.0 0.0

252.7 252.6 252.6 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0

311.1 298.0 298.0 0.0 0.0 13.1 2.0 2.0 0.0 4.9 4.9 0.0

413.9 394.8 394.8 0.0 0.0 19.1 0.9 0.9 0.0 3.2 3.2 0.0

520.3 489.2 489.2 0.0 0.0 31.1 0.9 0.9 0.0 7.0 7.0 0.0

634.6 605.1 605.1 0.0 0.0 29.4 2.4 2.4 0.0 13.8 13.8 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

33.3 33.3 0.0 0.0 0.0 0.0 33.3 0.0 0.5 0.5 0.0 0.0 32.8 0.5 0.5 0.0 0.0

67.3 67.3 0.0 0.0 0.0 0.0 67.3 0.0 3.7 3.6 0.0 0.1 63.6 3.7 3.6 0.0 0.1

108.2 108.2 0.0 0.0 0.0 0.0 103.2 -5.0 3.3 3.3 0.0 0.0 99.9 3.3 3.3 0.0 0.0

50.7 50.7 0.0 0.5 0.5 0.0 61.2 11.0 2.8 2.5 0.0 0.3 58.4 3.3 3.0 0.0 0.3

103.9 103.9 0.0 0.7 0.7 0.0 110.3 7.0 6.1 5.4 0.0 0.7 104.2 6.8 6.1 0.0 0.7

75.9 75.9 0.0 2.6 2.6 0.0 85.4 12.0 6.7 6.3 0.0 0.4 78.6 9.4 8.9 0.0 0.4

89.4 89.4 0.0 5.8 5.8 0.0 80.4 -3.2 6.0 5.0 0.0 0.9 74.4 11.8 10.9 0.0 0.9

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

134.5 33.3 41.1 0.0 60.1 36.9 93.4 41.1

289.7 67.3 148.5 0.0 73.9 31.0 141.2 148.5

255.7 108.2 83.2 0.0 64.3 21.2 172.5 83.2

182.5 50.2 27.9 0.0 104.3 22.3 154.6 27.9

251.3 103.3 0.7 0.0 147.3 31.9 250.6 0.7

216.4 73.3 21.0 0.0 122.1 32.4 195.4 21.0

301.9 83.6 22.0 0.0 196.3 41.3 279.9 22.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

134.0 0.5 0.0 92.9 41.1

285.7 3.6 0.4 137.6 148.1

251.6 3.3 0.8 169.2 82.4

175.6 2.5 4.4 152.1 23.5

245.9 5.4 0.0 245.2 0.7

210.1 6.3 0.0 189.1 21.0

296.9 5.0 0.0 274.9 22.0

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

859.0 76.7 4.0 616.9 58.9 -208.8

772.0 106.9 3.0 510.3 36.1 -104.7

813.9 137.7 0.0 496.7 50.4 -36.2

779.3 129.0 0.0 493.8 30.3 -42.6

899.6 83.6 0.0 562.5 24.7 -128.4

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

329.5 29.4 4.3 4.3 0.4 23.3 1.1 0.1 93.4 46.6

291.1 40.3 3.1 2.6 0.4 11.6 0.8 4.2 90.5 48.8

300.5 50.9 4.9 4.4 0.8 12.2 1.2 4.6 91.6 56.9

403.5 66.8 7.3 5.2 0.9 5.8 0.7 6.0 90.9 60.1

758.9 70.5 14.1 7.1 0.7 3.9 0.5 4.6 92.7 65.1

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

860.3 .. 0.0 .. 229.6 5.1

873.7 121.4 3.0 702.6 68.2 -292.7

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

.. 8.8 .. .. 0.1 304.3 .. 0.0 96.1 55.5

124.6 17.3 3.0 3.0 0.4 45.0 1.2 3.4 92.2 50.3

205 ERITREA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

75.5 75.5 75.5 41.8 38.9 33.6 33.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

146.1 146.1 146.1 76.1 71.5 70.0 68.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

252.6 252.6 252.6 117.8 110.9 134.8 125.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

298.0 298.0 298.0 151.9 144.9 146.1 136.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

394.8 394.8 394.8 235.5 229.4 159.4 149.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

489.2 489.2 489.2 312.6 305.9 176.6 166.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

605.1 605.1 605.1 413.1 405.7 192.0 182.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 28.8

0.0 36.9

0.0 55.8

0.0 84.5

0.0 158.3

0.0 218.6

0.0 301.4

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

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

33.3 33.3 33.3 14.2 12.9 19.1 19.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

67.3 67.3 67.3 31.3 29.9 36.0 34.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

108.2 108.2 108.2 43.1 40.0 65.1 57.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

50.7 50.7 50.7 39.2 38.1 11.5 11.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

103.9 103.9 103.9 90.3 90.3 13.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

75.9 75.9 75.9 59.3 59.3 16.7 16.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

89.4 89.4 89.4 72.2 72.2 17.2 17.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 3.8

0.0 6.3

0.0 19.5

0.0 31.6

0.0 78.2

0.0 46.2

0.0 58.7

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.5 0.5 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.6 1.5 1.0 1.1 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.8 5.8 5.8 2.7 2.1 3.1 3.1 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 0.2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

33.3 33.3 33.3 14.2 12.9 19.1 19.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

67.3 67.3 67.3 31.3 29.9 36.0 34.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

108.2 108.2 108.2 43.1 40.0 65.1 57.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

50.2 50.2 50.2 38.7 38.1 11.5 11.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

103.3 103.3 103.3 89.6 90.1 13.7 13.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

73.3 73.3 73.3 57.8 58.3 15.6 15.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

83.6 83.6 83.6 69.5 70.1 14.1 14.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 3.8

0.0 6.3

0.0 19.5

0.0 31.6

0.0 78.2

0.0 46.2

0.0 58.5

5. LONG-TERM DEBT

206 ERITREA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

0.5 0.5 0.5 0.3 0.2 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.6 3.6 3.6 0.6 0.5 3.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 1.6 1.5 1.7 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.5 2.5 2.5 1.3 1.2 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.4 5.4 5.4 2.8 2.7 2.5 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.3 6.3 6.3 3.7 3.6 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.0 5.0 5.0 3.4 3.2 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 0.2

0.0 0.2

0.0 0.3

0.0 0.4

0.0 0.8

0.0 1.3

0.0 1.8

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

32.8 32.8 32.8 13.9 12.7 18.9 18.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

63.7 63.7 63.7 30.7 29.4 33.0 31.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

105.0 105.0 105.0 41.5 38.5 63.4 56.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

47.8 47.8 47.8 37.4 37.0 10.4 10.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

97.9 97.9 97.9 86.7 87.4 11.1 11.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

67.0 67.0 67.0 54.0 54.7 13.0 13.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

78.5 78.5 78.5 66.1 66.9 12.4 12.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 3.6

0.0 6.1

0.0 19.2

0.0 31.2

0.0 77.3

0.0 44.9

0.0 56.7

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

0.5 0.5 0.5 0.3 0.2 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.6 3.6 3.6 0.6 0.5 3.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 1.6 1.5 1.7 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.0 3.0 3.0 1.8 1.2 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.1 6.1 6.1 3.5 2.9 2.5 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.9 8.9 8.9 5.2 4.6 3.7 3.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.9 10.9 10.9 6.1 5.3 4.8 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 0.2

0.0 0.2

0.0 0.3

0.0 0.4

0.0 0.8

0.0 1.3

0.0 2.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

277.6 277.6 0.0

313.5 313.5 0.0

201.2 201.2 0.0

314.6 314.6 0.0

283.6 283.6 0.0

311.2 311.2 0.0

289.2 289.2 0.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

72.5 0.0 75.5 0.0

139.5 0.0 146.1 0.0

236.0 0.0 252.6 0.0

281.4 0.0 298.0 0.0

379.1 0.0 394.8 0.0

472.8 0.0 489.2 0.0

588.0 0.0 605.1 0.0

.. 0.0 0.0 0.0 0.0 0.0 57.0 0.0 0.9 42.1

1.5 .. .. 0.0 0.0 0.0 65.4 0.0 1.6 31.5

1.4 .. .. 0.0 0.0 0.0 66.4 0.0 1.8 30.4

1.2 .. .. 0.0 0.0 0.0 69.5 0.0 1.7 27.5

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 0.0 0.0 0.0 0.0 0.0 48.9 0.0 1.6 49.5

.. 0.0 0.0 0.0 0.0 0.0 45.7 0.0 1.4 52.9

.. 0.0 0.0 0.0 0.0 0.0 52.2 0.0 0.8 47.0

207 ERITREA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 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 0.0 .. .. 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION 101.4 .. .. 31.2 75.9 .. .. 33.3 67.3 103.2 .. .. 0.0 0.0 0.0 .. .. 0.0 0.0 0.0 .. .. 0.0 0.0 0.0 .. .. -2.1 2.4 -1.5 .. .. -0.1 1.0 -0.3 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

58.4 61.2 2.0 0.0 0.0 -4.2 -0.6

102.8 110.3 -1.1 0.0 0.0 -5.6 -0.8

106.4 85.4 0.0 0.0 0.0 17.3 3.7

114.2 80.4 1.5 0.0 0.0 30.2 2.1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

1.2 37.3 10.9 75.0

1.3 32.0 7.4 68.1

0.0 0.0 0.0 0.0

0.7 39.7 10.4 80.8

1.2 34.6 9.2 69.8

0.9 37.5 9.4 77.1

0.8 40.0 10.5 80.9

.. .. .. ..

.. .. .. ..

.. .. .. ..

1.2 37.3 10.9 75.0

1.3 32.0 7.4 68.1

0.0 0.0 0.0 0.0

0.7 39.7 10.4 80.8

1.2 34.6 9.2 69.8

0.9 37.5 9.4 77.1

0.8 40.0 10.5 80.9

.. .. .. ..

.. .. .. ..

.. .. .. ..

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

.. .. .. 160 97 0 174 .. .. .. 160 97 0 174 .. .. .. 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

83 83 0

85 85 0

45 45 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

66.4 16.3 7.2

61.6 17.2 7.5

46.5 17.9 7.6

33.5 19.4 7.5

25.6 20.5 7.3

16.0 20.9 7.1

10.5 22.7 6.9

7.2 26.0 6.6

3.2 26.7 6.2

2.0 26.8 5.8

66.4 16.3 7.2

61.6 17.2 7.5

46.5 17.9 7.6

33.5 19.4 7.5

25.6 20.5 7.3

16.0 20.9 7.1

10.5 22.7 6.9

7.2 26.0 6.6

3.2 26.7 6.2

2.0 26.8 5.8

14.1 9.8 2.8

14.5 10.2 2.9

9.2 10.6 2.8

5.0 11.6 2.7

2.9 11.0 2.5

1.6 11.0 2.4

0.9 12.4 2.3

0.6 12.6 2.1

0.0 12.4 1.9

0.0 12.2 1.7

52.3 6.5 4.4

47.1 7.0 4.6

37.3 7.3 4.7

28.5 7.8 4.8

22.7 9.4 4.8

14.3 9.9 4.7

9.6 10.3 4.6

6.6 13.4 4.5

3.2 14.3 4.3

2.0 14.6 4.1

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 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 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

208 ESTONIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

2,264 1,238 198 1,040 54 973 0 0 0 0 0 0 86

2,583 1,587 234 1,352 30 966 0 0 0 0 0 0 58

2,491 1,612 206 1,407 25 853 0 0 0 0 0 0 52

2,569 1,606 210 1,395 19 944 0 0 0 0 0 0 34

2,852 1,810 187 1,623 13 1,029 0 0 0 0 0 0 31

4,741 3,151 482 2,669 0 1,590 0 0 0 0 0 0 31

6,972 4,530 560 3,970 0 2,442 0 0 0 0 0 0 48

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

955 955 0 58 38 19 750 -147 125 72 3 50 625 183 110 23 50

439 439 0 188 163 25 244 -6 140 89 2 48 105 328 252 28 48

474 474 0 392 388 4 -31 -113 135 88 1 45 -166 526 476 5 45

324 324 0 305 300 5 110 91 123 77 1 45 -13 428 377 6 45

284 284 0 247 242 5 122 85 136 93 1 42 -14 383 335 6 42

1,811 1,811 0 586 572 14 1,785 561 197 157 0 40 1,589 783 729 14 40

2,116 2,116 0 940 940 0 1,738 563 280 205 0 75 1,458 1,220 1,145 0 75

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

1,358 916 266 128 47 20 54 1,304

946 276 581 26 64 19 73 873

675 86 305 235 49 12 62 613

433 24 387 -29 50 12 34 400

662 42 542 32 45 10 38 624

1,625 1,238 285 53 49 9 -8 1,634

2,247 1,176 891 108 73 12 77 2,170

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

1,159 72 127 45 1,113

778 89 80 64 714

468 88 119 53 415

151 77 205 25 126

258 93 311 30 228

1,072 157 397 -16 1,088

1,391 205 651 73 1,318

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

5,487 4,303 3 4,930 813 -478

5,453 4,077 2 4,484 856 -295

5,255 4,928 3 5,338 923 -294

5,687 5,184 9 5,671 822 -339

6,714 5,453 17 6,278 1,003 -717

8,509 7,091 40 8,387 1,377 -1,199

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

60.0 47.1 7.6 3.2 2.5 31.5 2.0 37.4 0.0 5.3

61.1 45.7 12.9 3.3 2.5 34.4 2.3 34.2 0.0 5.4

52.1 48.9 8.7 2.5 2.3 35.9 2.1 36.8 0.0 4.1

55.0 50.1 7.4 2.6 2.4 28.8 1.7 36.1 0.0 3.2

86.9 70.6 14.4 3.6 2.9 21.2 1.9 33.5 0.0 1.4

98.3 81.9 17.2 3.9 3.3 19.7 2.0 35.0 0.0 1.2

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

4,778 3,723 2 4,401 760 -562

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

60.8 47.4 4.9 3.4 2.6 33.6 2.1 43.0 0.0 5.4

209 ESTONIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

1,238 198 160 123 0 37 32 38 33 0 4 1,040 81 959

1,587 234 174 137 0 36 30 61 54 0 7 1,352 87 1,266

1,612 206 168 134 0 34 28 37 33 0 4 1,407 130 1,277

1,606 210 141 105 0 36 26 69 31 36 2 1,395 232 1,164

1,810 187 128 91 0 37 23 59 29 28 1 1,623 291 1,332

3,151 482 87 66 0 21 0 395 350 45 0 2,669 245 2,424

4,530 560 108 84 0 24 0 452 402 50 0 3,970 413 3,557

.. ..

71 0

84 0

88 0

71 0

65 0

39 0

49 0

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

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

955 18 16 14 0 2 0 2 0 0 2 937 81 856

439 45 24 23 0 1 0 21 17 0 4 394 0 394

474 47 28 28 0 0 0 19 19 0 0 427 58 368

324 45 9 4 0 4 0 36 0 36 0 280 139 141

284 13 11 7 0 4 0 2 0 2 0 271 62 209

1,811 316 14 8 0 6 0 302 283 19 0 1,495 0 1,495

2,116 17 11 10 0 1 0 6 0 6 0 2,099 339 1,760

.. ..

.. ..

.. ..

11 0

13 0

19 0

4 0

6 0

5 0

6 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

38 22 9 9 0 0 0 13 0 0 13 16 0 16

163 16 15 13 0 2 2 2 0 0 2 147 0 147

388 49 14 12 0 2 2 35 33 0 2 339 0 339

300 27 25 22 0 3 2 1 0 0 1 273 28 245

242 28 19 16 0 3 2 9 0 8 1 214 0 214

572 81 71 47 0 25 24 9 0 8 1 492 65 427

940 34 7 6 0 1 0 27 17 10 0 906 249 657

.. ..

.. ..

.. ..

0 0

3 0

3 0

14 0

9 0

40 0

4 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

916 -4 7 5 0 2 0 -11 0 0 -11 920 81 839

276 28 9 10 0 -1 -2 19 17 0 2 248 0 248

86 -2 14 16 0 -2 -2 -16 -14 0 -2 88 58 30

24 18 -17 -18 0 2 -2 35 0 36 -1 6 110 -104

42 -15 -8 -9 0 1 -2 -7 0 -6 -1 57 62 -5

1,238 235 -58 -39 0 -19 -24 293 283 10 -1 1,003 -65 1,068

1,176 -17 4 4 0 0 0 -21 -17 -4 0 1,193 90 1,102

.. ..

.. ..

.. ..

11 0

10 0

16 0

-9 0

-3 0

-35 0

2 0

5. LONG-TERM DEBT

210 ESTONIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

72 12 9 8 0 1 1 3 2 0 1 60 0 60

89 12 9 8 0 1 1 2 2 0 0 77 6 71

88 12 10 8 0 2 1 2 2 0 0 76 5 71

77 11 8 7 0 1 1 3 2 0 0 66 9 57

93 11 8 6 0 1 1 4 2 2 0 82 17 65

157 16 7 6 0 2 1 9 8 1 0 140 15 125

205 26 4 3 0 1 0 22 20 2 0 179 19 160

.. ..

.. ..

.. ..

4 0

5 0

5 0

5 0

4 0

4 0

2 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

845 -16 -2 -2 0 0 -1 -14 -2 0 -12 860 81 780

187 16 0 2 0 -2 -3 17 15 0 2 171 -6 177

-2 -14 4 8 0 -4 -3 -18 -15 0 -3 12 53 -41

-53 7 -25 -25 0 0 -3 32 -2 36 -2 -60 101 -161

-51 -26 -15 -15 0 -1 -3 -11 -2 -8 -1 -25 45 -71

1,082 219 -65 -44 0 -20 -25 283 276 9 -1 863 -80 943

971 -43 0 1 0 -1 0 -43 -37 -5 0 1,014 71 943

.. ..

.. ..

.. ..

7 0

6 0

11 0

-14 0

-7 0

-39 0

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

110 34 18 17 0 1 1 16 2 0 14 76 0 76

252 28 24 21 0 3 3 4 2 0 2 224 6 218

476 61 24 20 0 4 3 37 35 0 3 414 5 410

377 38 34 29 0 4 3 4 2 0 2 339 37 302

335 39 26 22 0 5 3 13 2 9 1 296 17 279

729 97 79 52 0 26 25 18 8 10 1 632 80 552

1,145 60 11 10 0 2 0 49 37 11 0 1,085 268 817

.. ..

.. ..

.. ..

4 0

7 0

8 0

19 0

13 0

44 0

5 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

75 71 5

53 52 1

56 56 0

79 70 9

102 55 46

85 50 35

83 48 35

.. .. .. ..

.. .. .. ..

.. .. .. ..

32 1,161 198 1,040

30 1,500 234 1,352

28 1,563 206 1,407

26 1,564 174 1,432

23 1,771 160 1,650

0 2,802 459 2,692

0 4,107 544 3,986

.. 60.1 0.0 0.0 0.0 0.0 16.8 0.0 0.0 23.1

80.8 .. .. 0.0 0.0 0.0 19.2 0.0 0.0 0.0

96.7 .. .. 0.0 0.0 0.0 3.3 0.0 0.0 0.0

95.8 .. .. 0.0 0.0 0.0 4.2 0.0 0.0 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 64.2 0.0 0.0 0.0 0.0 18.9 0.0 0.0 16.9

.. 67.5 0.0 0.0 0.0 0.0 16.1 0.0 0.0 16.5

.. 55.9 0.0 0.0 0.0 0.0 17.7 0.0 0.0 26.4

211 ESTONIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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

-93 -31 0 0 0 -26 -36

78 110 0 0 0 -8 -23

283 122 0 0 0 -7 168

1,889 1,785 0 0 0 29 74

2,232 1,738 0 0 0 94 110

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 731 319 244 .. .. 750 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. -20 12 .. .. 1 62 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.1 5.1 0.6 15.6

6.4 5.2 5.0 13.5

6.8 11.1 5.2 16.7

5.3 10.7 2.9 17.2

4.8 15.3 4.8 30.3

5.7 6.3 6.3 19.3

0.0 0.0 0.0 0.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

8.5 14.9 5.4 8.1

6.5 13.7 5.3 19.6

6.5 16.4 5.7 21.2

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.1 5.1 0.6 15.6

6.4 5.1 5.0 13.6

7.4 5.0 5.0 10.0

4.3 6.0 0.6 13.9

4.8 15.3 4.8 30.3

5.7 6.3 6.3 19.3

0.0 0.0 0.0 0.0

.. .. .. 0 17 64 81 .. .. .. 0 0 45 36 .. .. .. 0 17 19 45 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

40 0 40

283 0 283

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

37 1,045 222

24 719 173

11 1,031 129

8 551 94

3 321 68

1 500 52

0 208 25

0 168 15

0 24 2

0 15 1

17 11 4

14 12 4

8 14 3

5 19 3

3 19 3

1 18 2

0 14 2

0 11 1

0 11 1

0 10 1

7 1 1

4 1 1

1 1 1

1 5 1

0 5 1

0 5 0

0 4 0

0 4 0

0 4 0

0 4 0

9 10 3

11 12 3

6 13 2

4 14 3

3 14 2

1 14 2

0 9 1

0 7 1

0 7 1

0 6 1

20 1,034 219

9 706 170

3 1,017 126

3 532 91

0 301 65

0 482 50

0 194 23

0 156 13

0 13 1

0 5 0

20 13 2

9 7 2

3 7 2

3 7 2

0 7 1

0 7 1

0 7 1

0 5 1

0 5 1

0 5 0

0 1,021 217

0 699 168

0 1,010 124

0 525 89

0 295 64

0 475 49

0 187 22

0 151 13

0 8 0

0 0 0

212 ETHIOPIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

169 169 169 0 0 0 0 0 0 0 0 0 0

824 688 688 0 79 57 1 0 0 1 0 1 0

8,630 8,479 8,479 0 6 145 43 39 3 236 197 40 311

10,077 9,425 9,425 0 87 566 542 524 17 4,758 4,536 223 248

10,347 9,614 9,614 0 107 626 603 584 18 5,195 4,967 227 277

5,544 5,362 5,362 0 95 87 62 58 5 638 585 54 280

5,483 5,327 5,327 0 77 79 65 60 5 651 612 39 255

5,727 5,561 5,561 0 106 60 48 43 5 597 555 41 233

6,515 6,307 6,307 0 143 64 46 41 5 585 554 31 277

7,151 6,906 6,906 0 157 87 45 40 5 584 553 32 291

28 28 0 15 15 0 13 0 6 6 0 0 6 21 21 0 0

119 110 9 17 17 0 94 -8 27 17 2 9 67 45 34 2 9

374 374 0 177 152 25 203 7 59 48 2 8 145 236 201 27 8

179 179 0 52 52 0 130 3 47 46 0 1 82 99 98 0 1

162 142 20 68 64 4 93 -1 50 48 1 1 43 119 113 4 1

231 231 0 98 88 10 134 2 57 55 0 2 77 155 144 10 2

185 185 0 84 71 13 90 -11 53 52 0 1 37 137 123 13 1

576 532 44 120 108 12 454 -2 63 61 0 1 392 182 169 12 1

672 627 44 48 37 11 629 6 37 36 1 1 593 85 73 12 1

252 237 15 45 37 8 230 24 45 43 1 1 186 90 80 9 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

23 13 4 0 6 20 26 -3

218 93 1 0 124 44 191 27

838 222 12 0 604 250 882 -45

773 127 289 0 357 151 462 311

768 77 261 0 430 119 506 263

569 142 70 0 357 109 511 58

674 114 135 0 425 127 547 127

856 424 20 0 413 141 847 10

1,171 590 75 0 505 175 1,100 71

1,396 200 60 0 1,135 171 1,341 54

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

16 6 0 21 -4

202 17 0 177 25

789 48 0 858 -69

720 46 7 420 300

714 48 7 461 253

512 55 2 461 51

613 52 9 500 113

783 61 12 788 -5

1,124 36 11 1,065 59

1,336 43 17 1,301 35

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0 .. 72 ..

.. 573 12 871 262 -226

8,541 606 5 1,349 55 -294

6,449 1,000 27 1,880 598 -333

6,445 991 34 1,904 547 -465

6,468 1,062 53 1,673 363 10

6,458 1,013 18 2,199 490 -401

6,020 1,113 33 2,072 966 -170

6,597 1,331 46 2,680 956 -199

.. .. .. .. .. 42.4 .. 0.2 54.7 41.4

143.8 .. 7.8 4.8 .. 31.8 3.6 6.9 68.3 41.2

1,424.6 101.0 39.0 9.7 0.7 0.6 0.5 1.7 87.3 14.7

1,034.5 160.4 11.8 5.0 0.8 5.8 3.8 6.1 85.1 25.4

559.2 86.0 15.7 5.8 0.9 9.9 3.4 1.6 86.5 49.4

516.5 84.8 12.9 5.0 0.8 6.6 2.6 1.4 87.7 50.0

565.2 88.7 18.0 6.2 1.0 8.6 2.7 1.0 88.3 54.1

585.4 108.2 7.6 3.3 0.6 14.8 5.6 1.0 89.2 59.4

537.4 108.4 6.8 3.4 0.7 13.4 4.3 1.2 88.2 61.4

3. MAJOR ECONOMIC AGGREGATES 6,284 1,012 9 1,461 588 -40

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

995.3 160.4 9.8 4.7 0.8 5.8 4.8 5.6 85.7 24.4

213 ETHIOPIA (US$ million, unless otherwise indicated) 1970

1980

1990

169 169 140 70 23 70 70 29 0 0 29 0 0 0

688 688 638 340 282 299 281 49 0 10 39 0 0 0

8,479 8,479 7,906 1,268 1,151 6,637 6,382 573 0 116 457 0 0 0

47 23

56 249

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

28 28 25 8 3 17 17 2 0 0 2 0 0 0

1997

1998

1999

2000

2001

2002

2003

9,425 9,425 9,078 2,458 2,231 6,620 6,401 347 0 25 322 0 0 0

9,614 9,614 9,270 2,627 2,389 6,642 6,421 344 0 20 324 0 0 0

5,362 5,362 5,239 2,738 2,509 2,500 2,289 123 0 16 107 0 0 0

5,327 5,327 5,214 2,741 2,547 2,473 2,265 113 0 12 101 0 0 0

5,561 5,561 5,466 3,099 2,925 2,367 2,131 96 0 7 89 0 0 0

6,307 6,307 6,213 3,868 3,675 2,346 2,137 94 0 3 91 0 0 0

6,906 6,906 6,834 4,392 4,196 2,442 2,111 72 0 1 72 0 0 0

27 824

0 1,532

0 1,632

0 1,739

0 1,779

0 2,150

0 2,756

0 3,179

110 110 77 36 34 41 37 33 0 2 31 0 0 0

374 374 324 139 128 185 128 51 0 0 51 0 0 0

179 179 149 145 92 4 4 30 0 0 30 0 0 0

142 142 132 127 110 5 5 10 0 0 10 0 0 0

231 231 229 224 200 6 6 1 0 0 1 0 0 0

185 185 184 181 176 3 3 2 0 0 2 0 0 0

532 532 532 519 509 13 13 0 0 0 0 0 0 0

627 627 627 583 560 44 44 0 0 0 0 0 0 0

237 237 237 237 232 0 0 0 0 0 0 0 0 0

6 3

0 28

0 74

0 65

0 69

0 157

0 137

0 455

0 465

0 204

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

15 15 6 3 0 3 3 9 0 0 9 0 0 0

17 17 11 4 0 6 6 7 0 3 4 0 0 0

152 152 45 16 7 29 13 107 0 45 62 0 0 0

52 52 44 42 24 3 2 8 0 2 6 0 0 0

64 64 57 45 27 11 11 8 0 5 3 0 0 0

88 88 75 56 29 19 18 13 0 4 9 0 0 0

71 71 62 55 31 6 6 10 0 4 6 0 0 0

108 108 98 65 42 33 33 10 0 5 5 0 0 0

37 37 33 19 12 14 13 4 0 4 0 0 0 0

37 37 31 21 13 10 10 6 0 2 3 0 0 0

3 0

4 0

7 4

0 15

0 18

0 20

0 21

0 22

0 5

0 9

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

13 13 20 5 3 14 14 -7 0 0 -7 0 0 0

93 93 67 32 33 35 30 26 0 -1 27 0 0 0

222 222 278 123 121 156 115 -57 0 -45 -12 0 0 0

127 127 104 104 68 1 1 23 0 -2 25 0 0 0

77 77 75 82 83 -6 -6 2 0 -5 7 0 0 0

142 142 154 167 170 -13 -13 -12 0 -4 -8 0 0 0

114 114 122 125 145 -3 -3 -8 0 -4 -4 0 0 0

424 424 434 454 467 -20 -20 -10 0 -5 -5 0 0 0

590 590 595 565 548 30 31 -4 0 -4 0 0 0 0

200 200 206 216 219 -10 -10 -6 0 -2 -3 0 0 0

3 3

-4 28

-7 69

0 50

0 51

0 137

0 116

0 433

0 460

0 195

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

214 ETHIOPIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

6 6 5 3 0 2 2 1 0 0 1 0 0 0

17 17 14 8 2 6 5 2 0 2 1 0 0 0

48 48 24 13 7 11 9 24 0 11 13 0 0 0

46 46 42 33 17 8 4 4 0 2 3 0 0 0

48 48 45 33 17 12 8 3 0 1 2 0 0 0

55 55 50 35 19 15 11 5 0 1 4 0 0 0

52 52 48 33 20 14 11 4 0 1 3 0 0 0

61 61 58 27 17 31 30 3 0 1 2 0 0 0

36 36 35 27 19 8 7 1 0 1 0 0 0 0

43 43 41 31 24 9 8 2 0 1 1 0 0 0

3 0

7 2

2 6

0 11

0 11

0 12

0 13

0 14

0 12

0 17

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 6 15 3 3 12 12 -8 0 0 -8 0 0 0

76 76 52 23 31 29 25 24 0 -2 26 0 0 0

173 173 254 110 114 145 106 -81 0 -56 -25 0 0 0

81 81 63 70 51 -7 -3 18 0 -4 22 0 0 0

29 29 31 49 66 -18 -14 -1 0 -6 5 0 0 0

87 87 104 132 152 -28 -24 -17 0 -5 -12 0 0 0

63 63 75 92 125 -17 -14 -12 0 -5 -7 0 0 0

362 362 376 427 449 -51 -50 -13 0 -6 -7 0 0 0

555 555 560 538 530 22 24 -5 0 -5 0 0 0 0

157 157 165 185 195 -20 -18 -8 0 -3 -5 0 0 0

0 3

-10 26

-9 64

0 38

0 40

0 125

0 103

0 419

0 447

0 178

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

21 21 10 6 0 5 5 11 0 0 11 0 0 0

34 34 25 13 2 12 11 9 0 4 5 0 0 0

201 201 69 29 14 40 22 131 0 56 76 0 0 0

98 98 86 75 41 11 7 12 0 4 8 0 0 0

113 113 101 78 44 23 19 11 0 6 5 0 0 0

144 144 125 91 48 34 30 18 0 5 13 0 0 0

123 123 109 89 51 21 17 14 0 5 8 0 0 0

169 169 156 92 60 64 63 13 0 6 7 0 0 0

73 73 67 45 30 22 20 5 0 5 0 0 0 0

80 80 72 52 38 20 19 8 0 3 5 0 0 0

6 0

10 2

9 10

0 26

0 29

0 32

0 34

0 36

0 17

0 26

108 105 4

436 383 54

2,002 1,565 436

860 846 15

1,760 1,756 4

1,439 1,436 3

1,663 1,663 1

1,474 1,473 1

1,444 1,443 1

1,459 1,458 1

93 0 161 8

562 10 685 3

7,533 114 8,477 1

8,632 26 9,425 0

8,810 20 9,614 0

4,798 16 5,362 0

4,811 12 5,327 0

5,056 7 5,561 0

5,812 3 6,307 0

6,307 1 6,906 0

.. 2.6 0.1 0.3 0.3 0.1 76.0 15.1 0.4 5.1

4.4 .. .. 0.2 0.3 0.1 78.0 13.6 0.5 2.9

5.2 .. .. 0.2 0.3 0.1 77.3 12.4 0.5 4.1

6.1 .. .. 0.2 0.3 0.1 76.7 11.8 0.6 4.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 2.7 0.0 0.0 2.1 0.3 41.9 28.0 0.0 25.1

.. 8.1 0.0 2.5 2.3 0.1 64.5 14.7 0.0 7.8

.. 1.9 0.2 0.5 0.3 0.1 24.2 4.4 0.2 68.2

.. 1.8 0.1 0.1 0.2 0.1 27.6 8.8 0.2 61.1

.. 1.9 0.1 0.2 0.2 0.1 28.1 9.2 0.2 60.2

.. 2.8 0.1 0.3 0.4 0.1 74.9 16.1 0.4 5.0

215 ETHIOPIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 105 35 1,246 .. 0 0 3 747 .. 0 89 22 220 .. 0 73 14 216 .. 0 16 8 4 .. 0 16 6 100 .. 0 11 4 99 .. 0 5 2 1 .. 66 19 6 4,321 .. 0 3 1 426 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 789 -1 270 -4,803 94 203 130 93 134 .. 27 61 61 -540 .. 0 16 6 100 .. -66 -19 -6 -4,321 585 -258 -56 -77 .. .. 40 69 172 -99 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

45 0 14 12 2 0 0 0 25 11 0 0

10 0 12 12 0 0 0 0 72 23 54 0

11 0 11 11 0 0 0 0 101 16 159 0

-61 90 3 0 0 -105 -49

244 454 -17 0 -25 -75 -93

788 629 -2 0 -126 245 41

636 230 -1 0 -259 262 404

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 13 .. .. .. .. ..

4.4 33.0 6.9 44.5

3.6 19.2 3.8 39.5

6.6 21.7 3.5 23.7

2.4 33.5 7.4 60.7

0.6 40.6 10.1 81.3

0.0 17.7 8.7 70.4

0.8 38.8 10.1 79.5

0.9 43.0 11.4 80.2

1.0 39.6 9.9 77.0

0.8 45.1 10.4 82.1

4.2 37.8 8.0 49.6

2.4 24.1 4.6 50.8

1.9 32.7 8.0 59.0

1.2 39.6 8.9 73.6

0.6 40.6 10.1 81.3

0.0 17.7 8.7 70.4

0.8 38.8 10.1 79.5

0.9 43.0 11.4 80.2

1.0 39.6 9.9 77.0

0.8 45.1 10.4 82.1

5.0 8.5 1.7 18.1

6.3 8.3 2.1 14.3

9.8 14.1 0.4 -0.4

6.8 11.1 1.6 13.0

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

20 194 580 69 1,032 1 490 17 134 236 55 1,032 1 490 3 60 345 15 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

434 434 0

537 537 0

132 132 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

294 186 82

316 179 80

245 177 78

186 177 76

153 189 73

102 201 71

67 197 68

35 210 65

21 218 63

13 226 60

293 176 80

315 169 79

245 166 77

186 174 75

153 188 73

102 201 71

67 197 68

35 210 65

21 218 63

13 226 60

10 78 35

1 70 34

0 68 33

0 70 31

0 68 30

0 71 29

0 67 28

0 68 26

0 69 25

0 66 24

283 97 45

315 99 45

245 98 45

186 105 44

153 120 43

102 130 42

67 130 40

35 142 39

21 149 37

13 160 36

1 11 2

0 11 2

0 11 1

0 3 0

0 1 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

1 11 2

0 11 2

0 11 1

0 3 0

0 1 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

216 FIJI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

11.7 11.7 11.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

281.2 244.9 180.0 64.9 0.0 36.3 0.3 0.3 0.0 0.0 0.0 0.0

403.0 391.0 296.3 94.7 0.0 12.0 0.0 0.0 0.0 0.0 0.0 0.0

215.0 167.0 125.8 41.2 0.0 48.0 0.0 0.0 0.0 0.0 0.0 0.0

189.5 168.8 136.6 32.2 0.0 20.7 0.0 0.0 0.0 0.0 0.0 0.0

233.4 216.0 191.4 24.7 0.0 17.4 0.0 0.0 0.0 0.0 0.0 0.0

207.1 191.4 172.4 19.1 0.0 15.6 0.0 0.0 0.0 0.0 0.0 0.0

187.1 171.3 158.3 13.0 0.0 15.9 0.0 0.0 0.0 0.0 0.0 0.0

208.4 171.7 164.2 7.5 0.0 36.7 0.1 0.1 0.0 0.0 0.0 0.0

263.6 177.5 171.1 6.4 0.0 86.1 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2.3 2.3 0.0 1.6 1.6 0.0 0.7 0.0 1.1 1.1 0.0 0.0 -0.4 2.7 2.7 0.0 0.0

78.3 78.3 0.0 19.7 11.2 8.5 71.6 13.0 16.2 9.5 0.3 6.3 55.4 35.8 20.7 8.8 6.3

29.3 29.3 0.0 73.0 72.1 0.8 -45.7 -2.0 32.6 31.1 0.0 1.5 -78.3 105.6 103.2 0.8 1.5

9.1 9.1 0.0 22.5 22.5 0.0 16.3 29.6 12.2 10.2 0.0 2.0 4.1 34.7 32.7 0.0 2.0

6.5 6.5 0.0 23.2 23.2 0.0 -44.1 -27.4 10.3 8.6 0.0 1.7 -54.4 33.5 31.8 0.0 1.7

76.0 76.0 0.0 28.3 28.3 0.0 44.4 -3.3 9.5 8.5 0.0 1.0 35.0 37.8 36.8 0.0 1.0

7.1 7.1 0.0 22.5 22.5 0.0 -17.1 -1.7 9.4 8.5 0.0 0.8 -26.5 31.9 31.0 0.0 0.8

4.4 4.4 0.0 17.1 17.1 0.0 -12.4 0.3 7.9 7.4 0.0 0.6 -20.4 25.1 24.5 0.0 0.6

13.6 13.6 0.0 20.8 20.8 0.0 13.5 20.7 7.6 7.2 0.0 0.5 5.9 28.4 27.9 0.0 0.5

15.9 15.9 0.0 19.1 19.1 0.0 46.3 49.6 8.6 6.5 0.0 2.1 37.7 27.7 25.6 0.0 2.1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

11.3 0.7 6.4 0.0 4.2 3.0 5.8 5.5

118.7 67.1 36.3 0.0 15.3 16.9 54.5 64.2

63.3 -42.9 91.9 0.0 14.3 36.2 -12.9 76.1

16.7 -13.3 15.6 0.0 14.4 33.1 12.5 4.1

104.0 -16.7 107.0 0.0 13.7 25.7 6.0 98.0

29.1 47.7 -33.2 0.0 14.6 28.1 69.8 -40.7

-21.7 -15.4 -15.7 0.0 9.3 21.9 -0.4 -21.3

34.1 -12.7 41.7 0.0 5.1 22.4 -1.5 35.6

24.3 -7.2 25.5 0.0 6.0 22.8 4.3 20.0

33.6 -3.2 20.0 0.0 16.8 27.4 14.7 18.9

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

10.2 1.1 0.0 5.1 5.0

78.7 9.5 30.4 48.4 30.3

-17.2 31.1 49.4 -33.9 16.7

-84.5 10.2 90.9 5.3 -89.8

-7.6 8.6 103.0 -0.5 -7.0

-51.3 8.5 71.9 62.8 -114.1

-30.3 8.5 0.0 -8.2 -22.1

26.7 7.4 0.0 -8.2 34.9

17.1 7.2 0.0 -2.4 19.5

27.1 6.5 0.0 8.9 18.2

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

198.9 .. 0.0 .. 27.4 ..

1,167.8 597.1 5.0 656.6 174.1 -17.5

1,845.1 1,110.1 24.0 1,125.9 428.9 12.7

1,668.5 .. 24.0 .. 412.0 ..

1,634.3 .. 24.0 .. 366.6 ..

1,670.5 .. 24.0 .. 359.1 ..

1,955.4 .. 24.0 .. 424.0 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 5.9 .. .. 0.6 234.4 .. 0.0 14.6 0.0

47.1 24.1 6.0 2.7 1.4 61.9 3.2 12.9 9.2 23.2

21.0 12.7 3.4 0.9 0.5 183.8 4.6 7.4 8.7 77.0

.. 12.4 .. .. 0.6 199.0 .. 7.5 9.1 78.1

.. 11.5 .. .. 0.5 195.9 .. 8.5 9.3 79.4

.. 12.5 .. .. 0.5 172.3 .. 17.6 12.2 70.7

.. 13.5 .. .. 0.4 160.8 .. 32.7 12.4 55.3

3. MAJOR ECONOMIC AGGREGATES 1,310.1 881.6 22.0 974.3 261.1 -94.0

1,962.6 1,265.3 35.0 1,323.7 360.5 -34.1

1,820.4 986.7 26.0 1,077.2 385.9 -59.9

4. DEBT INDICATORS 45.7 30.8 12.0 3.7 2.5 64.8 3.2 3.0 7.4 50.1

17.0 11.0 2.7 1.0 0.6 167.7 3.3 22.3 8.1 54.4

19.2 10.4 3.4 1.0 0.6 203.7 4.3 10.9 13.0 64.4

217 FIJI (US$ million, unless otherwise indicated) 1970

1980

1990

11.7 11.7 8.2 0.0 0.0 8.2 1.7 3.5 3.5 0.0 0.0 0.0 0.0 0.0

244.9 180.0 123.7 65.1 4.4 58.6 21.5 56.3 2.5 41.0 12.8 64.9 0.0 64.9

391.0 296.3 269.5 202.0 14.7 67.4 15.2 26.9 0.0 12.1 14.7 94.7 0.0 94.7

0.0 0.0

33.5 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.3 2.3 2.3 0.0 0.0 2.3 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

167.0 125.8 125.7 117.0 11.2 8.8 6.3 0.1 0.0 0.0 0.1 41.2 0.0 41.2

168.8 136.6 136.6 122.1 11.7 14.5 12.9 0.1 0.0 0.0 0.1 32.2 0.0 32.2

216.0 191.4 191.3 179.7 9.4 11.6 10.9 0.0 0.0 0.0 0.0 24.7 0.0 24.7

191.4 172.4 172.3 161.7 8.2 10.7 10.7 0.0 0.0 0.0 0.0 19.1 0.0 19.1

171.3 158.3 158.3 148.6 7.7 9.6 9.6 0.0 0.0 0.0 0.0 13.0 0.0 13.0

171.7 164.2 164.2 147.3 8.6 16.9 16.9 0.0 0.0 0.0 0.0 7.5 0.0 7.5

177.5 171.1 171.1 145.7 7.3 25.3 25.3 0.0 0.0 0.0 0.0 6.4 0.0 6.4

67.8 0.0

30.3 0.0

31.8 0.0

28.1 0.0

19.7 0.0

14.8 0.0

12.0 0.0

11.1 0.0

78.3 78.3 43.4 23.2 2.3 20.2 0.0 34.9 0.0 31.0 3.9 0.0 0.0 0.0

29.3 15.1 14.3 13.2 0.0 1.1 1.0 0.7 0.0 0.6 0.1 14.2 0.0 14.2

9.1 9.1 9.1 9.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.5 6.5 6.5 6.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

76.0 76.0 76.0 76.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.1 7.1 7.1 5.6 0.0 1.5 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.4 4.4 4.4 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.6 13.6 13.6 5.5 0.0 8.1 8.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

15.9 15.9 15.9 8.8 0.0 7.1 7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

5.7 0.0

5.1 0.0

4.3 0.0

4.3 0.0

1.5 0.0

1.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1.6 1.6 0.7 0.0 0.0 0.7 0.6 0.9 0.9 0.0 0.0 0.0 0.0 0.0

11.2 11.2 4.2 1.0 0.0 3.2 1.4 7.0 1.6 0.0 5.3 0.0 0.0 0.0

72.1 54.6 41.5 33.8 0.3 7.7 0.8 13.2 0.0 5.7 7.5 17.5 0.0 17.5

22.5 11.2 11.0 9.3 0.3 1.6 1.0 0.2 0.0 0.2 0.0 11.3 0.0 11.3

23.2 14.2 14.2 11.6 0.4 2.6 1.8 0.0 0.0 0.0 0.0 9.0 0.0 9.0

28.3 20.8 20.8 18.5 0.7 2.3 1.5 0.0 0.0 0.0 0.0 7.5 0.0 7.5

22.5 16.9 16.9 14.8 0.5 2.1 1.4 0.0 0.0 0.0 0.0 5.6 0.0 5.6

17.1 11.0 11.0 10.3 0.3 0.7 0.7 0.0 0.0 0.0 0.0 6.1 0.0 6.1

20.8 15.3 15.3 13.6 0.3 1.7 1.7 0.0 0.0 0.0 0.0 5.5 0.0 5.5

19.1 18.0 18.0 17.2 2.1 0.8 0.8 0.0 0.0 0.0 0.0 1.1 0.0 1.1

0.0 0.0

0.7 0.0

9.1 0.0

3.9 0.0

4.8 0.0

4.8 0.0

7.7 0.0

3.8 0.0

3.8 0.0

2.1 0.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.7 0.7 1.6 0.0 0.0 1.6 1.7 -0.9 -0.9 0.0 0.0 0.0 0.0 0.0

67.1 67.1 39.2 22.2 2.3 17.0 -1.4 27.9 -1.6 31.0 -1.5 0.0 0.0 0.0

-42.9 -39.6 -27.1 -20.5 -0.3 -6.6 0.1 -12.5 0.0 -5.1 -7.3 -3.3 0.0 -3.3

-13.3 -2.0 -1.9 -0.2 1.9 -1.6 -1.0 -0.2 0.0 -0.2 0.0 -11.3 0.0 -11.3

-16.7 -7.7 -7.7 -5.1 -0.4 -2.6 -1.8 0.0 0.0 0.0 0.0 -9.0 0.0 -9.0

47.7 55.2 55.3 57.5 -0.7 -2.3 -1.5 0.0 0.0 0.0 0.0 -7.5 0.0 -7.5

-15.4 -9.8 -9.8 -9.2 -0.5 -0.6 0.1 0.0 0.0 0.0 0.0 -5.6 0.0 -5.6

-12.7 -6.6 -6.6 -5.9 -0.3 -0.7 -0.7 0.0 0.0 0.0 0.0 -6.1 0.0 -6.1

-7.2 -1.7 -1.7 -8.1 -0.3 6.4 6.4 0.0 0.0 0.0 0.0 -5.5 0.0 -5.5

-3.2 -2.1 -2.1 -8.4 -2.1 6.3 6.3 0.0 0.0 0.0 0.0 -1.1 0.0 -1.1

0.0 0.0

5.0 0.0

-4.0 0.0

0.4 0.0

-0.5 0.0

-3.3 0.0

-6.8 0.0

-3.8 0.0

-3.8 0.0

-2.1 0.0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

218 FIJI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1.1 1.1 0.6 0.0 0.0 0.6 0.1 0.5 0.5 0.0 0.0 0.0 0.0 0.0

9.5 9.5 6.1 3.4 0.0 2.7 0.8 3.5 0.3 2.1 1.1 0.0 0.0 0.0

31.1 23.7 21.1 15.0 0.1 6.0 0.3 2.6 0.0 1.1 1.5 7.4 0.0 7.4

10.2 7.3 7.2 6.7 0.1 0.5 0.2 0.0 0.0 0.0 0.0 2.9 0.0 2.9

8.6 6.6 6.6 6.0 0.1 0.6 0.4 0.0 0.0 0.0 0.0 2.0 0.0 2.0

8.5 7.0 7.0 6.5 0.1 0.5 0.3 0.0 0.0 0.0 0.0 1.5 0.0 1.5

8.5 7.7 7.7 7.4 0.1 0.3 0.3 0.0 0.0 0.0 0.0 0.8 0.0 0.8

7.4 6.7 6.7 6.5 0.1 0.2 0.2 0.0 0.0 0.0 0.0 0.7 0.0 0.7

7.2 6.7 6.7 6.2 0.1 0.5 0.5 0.0 0.0 0.0 0.0 0.5 0.0 0.5

6.5 5.8 5.8 5.4 0.1 0.4 0.4 0.0 0.0 0.0 0.0 0.7 0.0 0.7

0.0 0.0

2.7 0.0

5.6 0.0

2.1 0.0

1.9 0.0

1.8 0.0

1.4 0.0

0.9 0.0

0.7 0.0

0.6 0.0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-0.4 -0.4 0.9 0.0 0.0 0.9 1.6 -1.4 -1.4 0.0 0.0 0.0 0.0 0.0

57.6 57.6 33.1 18.9 2.3 14.3 -2.2 24.4 -1.9 28.9 -2.6 0.0 0.0 0.0

-73.9 -63.2 -48.2 -35.5 -0.4 -12.6 -0.2 -15.1 0.0 -6.2 -8.9 -10.7 0.0 -10.7

-23.6 -9.3 -9.1 -7.0 1.8 -2.1 -1.2 -0.2 0.0 -0.2 0.0 -14.3 0.0 -14.3

-25.3 -14.3 -14.3 -11.1 -0.5 -3.2 -2.1 0.0 0.0 0.0 0.0 -11.0 0.0 -11.0

39.3 48.2 48.3 51.0 -0.8 -2.7 -1.8 0.0 0.0 0.0 0.0 -9.0 0.0 -9.0

-23.9 -17.5 -17.5 -16.6 -0.6 -0.9 -0.2 0.0 0.0 0.0 0.0 -6.4 0.0 -6.4

-20.1 -13.3 -13.3 -12.4 -0.4 -0.9 -0.9 0.0 0.0 0.0 0.0 -6.8 0.0 -6.8

-14.4 -8.4 -8.4 -14.3 -0.3 6.0 6.0 0.0 0.0 0.0 0.0 -6.0 0.0 -6.0

-9.7 -8.0 -8.0 -13.8 -2.2 5.9 5.9 0.0 0.0 0.0 0.0 -1.8 0.0 -1.8

0.0 0.0

2.3 0.0

-9.6 0.0

-1.7 0.0

-2.4 0.0

-5.1 0.0

-8.1 0.0

-4.7 0.0

-4.6 0.0

-2.7 0.0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.7 2.7 1.4 0.0 0.0 1.4 0.7 1.4 1.4 0.0 0.0 0.0 0.0 0.0

20.7 20.7 10.3 4.4 0.0 5.9 2.2 10.4 1.9 2.1 6.4 0.0 0.0 0.0

103.2 78.3 62.5 48.8 0.4 13.7 1.2 15.8 0.0 6.8 9.0 24.9 0.0 24.9

32.7 18.4 18.2 16.1 0.4 2.1 1.2 0.2 0.0 0.2 0.0 14.3 0.0 14.3

31.8 20.8 20.8 17.6 0.5 3.2 2.1 0.0 0.0 0.0 0.0 11.0 0.0 11.0

36.8 27.8 27.8 25.0 0.8 2.7 1.8 0.0 0.0 0.0 0.0 9.0 0.0 9.0

31.0 24.6 24.6 22.2 0.6 2.4 1.7 0.0 0.0 0.0 0.0 6.4 0.0 6.4

24.5 17.7 17.7 16.8 0.4 0.9 0.9 0.0 0.0 0.0 0.0 6.8 0.0 6.8

27.9 21.9 21.9 19.8 0.3 2.1 2.1 0.0 0.0 0.0 0.0 6.0 0.0 6.0

25.6 23.9 23.9 22.7 2.2 1.2 1.2 0.0 0.0 0.0 0.0 1.8 0.0 1.8

0.0 0.0

3.3 0.0

14.7 0.0

6.0 0.0

6.7 0.0

6.7 0.0

9.1 0.0

4.7 0.0

4.6 0.0

2.7 0.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

1.4 1.2 0.2

120.8 120.8 0.0

81.2 80.6 0.6

60.1 60.1 0.0

74.3 74.3 0.0

62.9 62.9 0.0

53.2 53.2 0.0

46.4 46.4 0.0

51.9 51.9 0.0

36.6 36.6 0.0

1.7 0.0 11.7 0.0

25.9 105.9 180.0 64.9

29.9 124.0 296.3 94.7

17.5 84.6 125.8 41.2

24.5 79.6 136.6 32.2

20.2 71.2 191.4 24.7

18.8 59.7 172.4 19.1

17.3 50.8 158.3 13.0

25.4 48.1 164.2 7.5

32.6 55.6 171.1 6.4

.. 0.0 1.1 0.8 0.0 0.0 49.1 47.0 0.0 2.0

2.7 .. .. 0.8 0.0 0.0 56.0 40.2 0.0 0.3

2.3 .. .. 6.0 0.0 0.0 54.0 37.4 0.0 0.2

2.6 .. .. 10.9 0.0 0.0 52.1 34.3 0.0 0.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 34.2 0.0 14.6 0.0 0.0 51.2

.. 0.0 0.0 0.0 24.7 0.0 26.1 36.2 0.0 13.1

.. 0.0 1.5 0.0 13.7 0.0 5.4 60.8 0.0 18.6

.. 0.0 2.0 0.0 2.6 0.0 0.6 87.7 0.0 7.2

.. 0.0 2.1 0.0 1.6 0.0 5.4 85.1 0.0 5.9

.. 0.0 1.2 0.0 0.6 0.0 42.1 53.4 0.0 2.8

219 FIJI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION 43.9 .. -6.9 1.9 -25.5 16.3 -44.1 44.4 71.6 -45.7 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 -10.2 9.0 2.9 .. 24.5 .. 14.2 -4.2 9.5 -3.4 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

-26.3 -17.1 0.0 0.0 0.0 -7.9 -1.4

-19.9 -12.4 0.0 0.0 0.0 -6.9 -0.6

21.2 13.5 0.1 0.0 0.0 6.2 1.5

55.2 46.3 -0.1 0.0 0.0 6.5 2.5

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 0.7 .. .. .. .. ..

3.1 17.7 5.2 43.6

8.1 14.4 3.7 9.5

6.6 24.7 5.1 22.9

6.5 25.4 5.4 24.6

2.5 24.3 7.0 55.6

3.0 12.3 3.3 35.3

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

2.5 24.4 3.9 51.9

0.0 0.0 0.0 0.0

3.0 18.5 5.5 45.6

7.9 14.7 3.7 10.6

6.6 24.8 5.1 23.0

6.5 25.4 5.4 24.6

2.5 24.3 7.0 55.6

3.0 12.3 3.3 35.3

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

2.5 24.4 3.9 51.9

0.0 0.0 0.0 0.0

5.5 5.2 0.7 10.5

10.2 10.0 3.3 -4.3

8.8 10.4 6.3 3.5

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

4 89 30 42 18 73 0 4 83 30 42 18 73 0 0 6 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

17 17 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

13.3 16.8 7.2

11.0 18.1 6.9

7.4 18.9 6.6

3.0 18.6 6.0

2.0 18.1 5.3

0.0 18.3 4.5

0.0 16.8 3.8

0.0 17.5 3.2

0.0 8.5 2.6

0.0 6.6 2.3

13.3 15.2 6.9

11.0 16.6 6.6

7.4 18.0 6.5

3.0 17.9 5.8

2.0 17.6 5.2

0.0 17.8 4.5

0.0 16.8 3.8

0.0 17.2 3.2

0.0 8.2 2.6

0.0 6.6 2.3

1.8 0.9 0.8

0.9 1.9 0.8

0.0 1.9 0.7

0.0 1.9 0.6

0.0 1.9 0.6

0.0 1.9 0.5

0.0 1.9 0.5

0.0 1.9 0.4

0.0 1.6 0.3

0.0 1.3 0.3

11.4 14.3 6.1

10.0 14.7 5.9

7.4 16.2 5.8

3.0 16.0 5.2

2.0 15.7 4.6

0.0 15.9 4.0

0.0 14.9 3.3

0.0 15.3 2.8

0.0 6.6 2.3

0.0 5.3 2.0

0.0 1.7 0.3

0.0 1.5 0.2

0.0 0.9 0.2

0.0 0.7 0.1

0.0 0.5 0.1

0.0 0.4 0.1

0.0 0.0 0.0

0.0 0.4 0.0

0.0 0.4 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 0.0 0.0

0.0 1.7 0.3

0.0 1.5 0.2

0.0 0.9 0.2

0.0 0.7 0.1

0.0 0.5 0.1

0.0 0.4 0.1

0.0 0.0 0.0

0.0 0.4 0.0

0.0 0.4 0.0

0.0 0.0 0.0

220 GABON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

104 91 91 0 0 13 0 0 0 0 0 0 0

1,514 1,271 1,271 0 15 228 0 0 0 0 0 0 0

3,983 3,150 3,150 0 140 693 130 111 19 82 17 65 1,917

4,278 3,665 3,665 0 131 482 0 0 0 0 0 0 2,539

4,427 3,835 3,835 0 113 478 79 77 2 85 83 1 1,378

3,982 3,293 3,293 0 86 603 94 92 2 118 116 3 1,257

3,920 3,453 3,453 0 89 377 63 59 5 124 116 8 1,134

3,423 3,041 3,041 0 75 307 6 4 2 26 25 1 964

3,546 3,241 3,241 0 67 238 16 12 4 52 45 7 1,222

3,792 3,395 3,395 0 59 339 268 262 6 425 338 87 1,342

26 26 0 9 9 0 17 0 3 3 0 0 14 12 12 0 0

170 170 0 279 279 0 -122 -13 153 119 1 33 -275 432 398 1 33

204 195 9 40 26 15 164 0 136 78 13 45 28 176 104 27 45

168 145 23 172 168 4 259 263 261 238 6 18 -2 433 406 9 18

48 48 0 135 112 23 -169 -83 172 142 6 25 -342 307 254 29 25

59 59 0 280 256 25 -112 109 257 230 4 23 -369 537 486 29 23

49 32 17 196 187 10 -341 -194 156 124 4 28 -497 352 311 14 28

18 18 0 273 262 11 -269 -13 181 166 4 12 -450 455 428 15 12

71 71 0 238 225 13 -245 -79 170 158 2 10 -415 407 382 15 10

29 29 0 241 226 14 -362 -151 134 129 1 4 -496 375 355 15 4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

26 17 -1 0 10 7 17 9

-73 -109 32 0 4 38 20 -93

273 170 74 0 30 36 170 103

-276 -23 -311 0 58 36 40 -316

134 -64 147 0 52 35 -6 140

-315 -196 -157 0 38 35 -167 -148

-158 -155 -43 0 39 26 -109 -49

-39 -244 169 0 36 27 -181 142

26 -153 123 0 56 29 -114 139

-59 -197 53 0 85 42 -39 -20

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

23 3 0 15 8

-465 119 273 1 -466

79 78 116 103 -24

-844 238 330 -188 -657

-184 142 177 -139 -45

-772 230 227 -388 -383

-932 124 649 -227 -705

-522 166 317 -337 -185

-606 158 474 -265 -340

-823 129 636 -150 -673

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

306 .. 0 .. 15 ..

3,856 2,434 0 1,926 115 384

4,067 2,188 6 2,727 19 -596

3,812 2,866 4 2,431 22 390

4,240 .. 4 .. 194 ..

3,753 .. 4 .. 13 ..

4,167 .. 4 .. 144 ..

5,205 .. 4 .. 202 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 34.0 .. .. 0.8 14.2 .. 12.5 34.9 30.0

62.2 39.3 17.7 6.3 4.0 7.6 0.7 15.1 7.5 2.7

202.3 108.8 14.0 7.9 4.2 0.4 0.1 10.8 21.6 12.5

138.9 104.5 18.7 9.0 6.7 0.5 0.1 15.1 20.8 13.2

.. 92.5 .. .. 3.7 4.9 .. 9.6 35.0 11.8

.. 91.2 .. .. 4.8 0.4 .. 9.0 37.6 11.2

.. 85.1 .. .. 4.1 4.1 .. 6.7 37.2 11.3

.. 72.8 .. .. 2.6 5.3 .. 8.9 25.7 10.6

3. MAJOR ECONOMIC AGGREGATES 5,336 2,750 0 2,448 279 168

4,754 3,308 6 2,739 286 531

4. DEBT INDICATORS 144.8 74.6 6.4 4.9 2.5 7.0 1.4 17.4 10.6 8.0

129.3 90.0 13.1 7.9 5.5 6.7 1.3 11.3 21.0 12.3

221 GABON (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

91 91 67 31 1 36 35 24 8 0 16 0 0 0

1,271 1,271 316 40 10 276 103 955 2 721 232 0 0 0

3,150 3,150 2,435 317 29 2,118 393 715 0 181 535 0 0 0

29 0

19 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

26 26 13 3 1 9 9 13 4 0 9 0 0 0

1997

1998

1999

2000

2001

2002

2003

3,665 3,665 3,534 528 30 3,006 868 130 0 97 33 0 0 0

3,835 3,835 3,710 554 32 3,156 923 125 0 85 40 0 0 0

3,293 3,293 3,164 525 28 2,639 800 129 0 91 38 0 0 0

3,453 3,453 3,335 464 27 2,871 1,344 119 0 83 36 0 0 0

3,041 3,041 2,952 384 27 2,568 1,261 90 0 66 24 0 0 0

3,241 3,241 3,086 401 30 2,685 1,291 155 0 89 66 0 0 0

3,395 3,395 3,136 403 39 2,734 935 258 0 78 180 0 0 0

69 0

77 0

75 0

68 0

64 0

55 0

50 0

49 0

170 170 36 2 0 33 16 135 0 95 40 0 0 0

195 195 158 84 4 74 63 37 0 0 37 0 0 0

145 145 125 34 6 91 90 20 0 0 20 0 0 0

48 48 38 22 2 16 14 10 0 2 8 0 0 0

59 59 26 4 0 22 21 33 0 31 2 0 0 0

32 32 11 9 1 2 2 21 0 21 0 0 0 0

18 18 5 5 1 0 0 13 0 13 0 0 0 0

71 71 30 16 0 14 14 41 0 1 40 0 0 0

29 29 29 18 0 12 12 0 0 0 0 0 0 0

2 0

0 0

10 0

3 0

6 0

4 0

9 0

4 0

2 0

2 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9 9 5 3 0 2 2 4 0 0 3 0 0 0

279 279 19 2 0 17 4 260 1 185 74 0 0 0

26 26 18 13 1 5 0 8 0 3 5 0 0 0

168 168 143 42 3 101 36 25 0 19 5 0 0 0

112 112 95 23 1 72 27 17 0 15 2 0 0 0

256 256 232 30 2 202 43 24 0 23 1 0 0 0

187 187 159 43 0 116 16 27 0 27 0 0 0 0

262 262 222 45 0 177 80 40 0 28 12 0 0 0

225 225 200 26 0 174 66 25 0 11 13 0 0 0

226 226 154 69 8 85 63 73 0 18 54 0 0 0

3 0

2 0

1 0

10 0

9 0

10 0

13 0

13 0

8 0

6 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

17 17 7 0 1 7 7 9 4 0 6 0 0 0

-109 -109 16 0 0 17 13 -125 -1 -90 -34 0 0 0

170 170 141 71 3 70 63 29 0 -3 32 0 0 0

-23 -23 -18 -8 3 -10 54 -5 0 -19 15 0 0 0

-64 -64 -57 -1 1 -56 -13 -7 0 -13 6 0 0 0

-196 -196 -205 -25 -2 -180 -23 9 0 8 1 0 0 0

-155 -155 -148 -33 1 -115 -14 -7 0 -7 0 0 0 0

-244 -244 -217 -40 1 -177 -80 -27 0 -16 -12 0 0 0

-153 -153 -170 -10 0 -160 -52 16 0 -10 26 0 0 0

-197 -197 -124 -51 -8 -73 -52 -73 0 -18 -54 0 0 0

-1 0

-2 0

9 0

-7 0

-3 0

-6 0

-4 0

-9 0

-6 0

-3 0

5. LONG-TERM DEBT

222 GABON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

3 3 2 1 0 1 1 1 0 0 0 0 0 0

119 119 19 2 0 17 2 100 0 80 19 0 0 0

78 78 68 21 0 47 2 11 0 5 6 0 0 0

238 238 228 44 1 184 35 10 0 7 3 0 0 0

142 142 134 21 0 113 23 8 0 7 1 0 0 0

230 230 221 29 1 192 26 9 0 7 2 0 0 0

124 124 118 42 0 75 9 7 0 7 0 0 0 0

166 166 156 27 0 129 43 10 0 5 5 0 0 0

158 158 152 18 0 134 23 6 0 3 3 0 0 0

129 129 111 40 1 71 13 17 0 6 11 0 0 0

1 0

2 0

5 0

6 0

3 0

5 0

5 0

7 0

4 0

2 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

14 14 5 -1 1 6 7 9 3 0 5 0 0 0

-227 -227 -3 -2 0 -1 10 -224 -1 -171 -52 0 0 0

92 92 73 51 2 23 62 18 0 -8 26 0 0 0

-261 -261 -246 -52 2 -194 19 -15 0 -27 12 0 0 0

-206 -206 -191 -21 0 -170 -37 -15 0 -19 4 0 0 0

-427 -427 -427 -54 -2 -373 -49 0 0 1 -1 0 0 0

-279 -279 -266 -76 0 -190 -23 -13 0 -13 0 0 0 0

-410 -410 -373 -68 1 -305 -123 -37 0 -21 -16 0 0 0

-311 -311 -321 -27 0 -294 -75 10 0 -13 23 0 0 0

-326 -326 -236 -92 -9 -144 -65 -90 0 -25 -65 0 0 0

-2 0

-3 0

4 0

-13 0

-6 0

-11 0

-9 0

-16 0

-10 0

-6 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 8 5 0 3 3 4 1 0 4 0 0 0

398 398 38 4 0 34 6 359 1 266 93 0 0 0

104 104 85 34 2 51 2 19 0 8 11 0 0 0

406 406 371 86 4 285 71 35 0 27 8 0 0 0

254 254 229 43 1 185 51 25 0 22 3 0 0 0

486 486 453 58 2 395 69 33 0 30 3 0 0 0

311 311 277 85 0 192 24 34 0 34 0 0 0 0

428 428 378 73 0 305 123 50 0 34 16 0 0 0

382 382 352 44 0 308 89 31 0 14 16 0 0 0

355 355 265 109 9 156 76 90 0 25 65 0 0 0

4 0

3 0

6 0

16 0

12 0

15 0

18 0

20 0

12 0

8 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

34 15 19

164 133 31

285 268 17

419 382 37

444 357 87

356 307 48

181 165 17

159 155 3

220 220 0

271 249 22

36 0 65 26

113 500 1,246 26

421 415 3,148 2

898 562 3,665 0

955 543 3,835 0

827 470 3,293 0

1,370 399 3,453 0

1,288 325 3,041 0

1,320 331 3,241 0

974 378 3,395 0

.. 4.5 35.6 0.8 4.6 0.5 29.1 6.3 0.0 18.5

45.6 .. .. 0.7 4.5 0.6 32.6 5.7 0.1 10.3

48.6 .. .. 0.6 4.2 0.6 30.5 5.6 0.0 9.9

72.8 .. .. 0.9 6.9 0.3 7.5 5.0 0.1 6.5

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 4.9 43.2 0.0 0.0 0.0 7.6 32.2 0.0 12.0

.. 4.8 39.0 1.5 0.8 0.5 42.7 1.5 0.0 9.2

.. 8.4 54.8 0.7 5.3 0.3 10.3 3.7 0.0 16.5

.. 7.1 45.3 0.8 6.0 0.7 11.2 8.7 0.0 20.3

.. 6.7 45.6 0.8 5.8 0.7 12.0 6.7 0.0 21.7

.. 6.0 43.5 1.0 6.0 0.6 12.6 7.7 0.0 22.6

223 GABON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 271 315 127 0 .. 0 0 0 0 .. 188 191 82 0 .. 32 190 82 0 .. 156 1 0 0 .. 77 45 21 0 .. 27 44 21 0 .. 50 0 0 0 .. 0 2 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 632 -32 149 -446 -169 -112 -122 164 259 .. 88 0 79 15 21 0 .. 77 45 .. 0 -2 0 0 .. 293 -371 177 -344 .. 11 37 42 -5 9. AVERAGE TERMS OF NEW COMMITMENTS

637 0 440 440 0 307 307 0 0 0 0 0

50 0 82 82 0 74 74 0 0 0 0 0

10 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 67 14 0 0

-62 -341 -31 307 0 -196 199

-497 -269 -58 74 0 -109 -136

123 -245 10 0 0 309 49

246 -362 252 0 -67 370 54

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 17 .. .. .. .. ..

5.1 10.8 1.5 19.2

11.2 11.2 3.4 -5.3

7.9 17.9 4.8 12.3

6.0 11.4 3.9 19.3

4.7 9.2 2.5 23.6

0.0 0.0 0.0 0.0

0.0 8.7 0.7 34.1

4.4 19.8 5.3 36.6

4.5 9.3 2.7 22.8

0.0 0.0 0.0 0.0

4.0 17.3 3.6 34.4

7.4 14.8 5.0 15.0

7.7 19.0 5.4 13.9

5.6 13.1 4.8 23.1

1.6 17.5 5.3 54.2

0.0 0.0 0.0 0.0

0.0 8.7 0.7 34.1

4.4 19.8 5.3 36.6

3.7 10.1 3.9 28.4

0.0 0.0 0.0 0.0

5.2 10.0 1.3 17.4

13.0 9.5 2.6 -15.4

9.0 11.8 1.3 3.3

6.9 7.3 1.9 10.2

6.0 5.9 1.4 11.2

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

5.9 7.8 0.4 12.3

0.0 0.0 0.0 0.0

33 196 65 175 81 0 20 4 65 56 124 24 0 20 29 131 10 51 58 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

7 7 0

114 74 39

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

88 492 180

70 488 153

47 463 125

29 458 98

16 445 71

8 412 42

3 173 22

0 128 14

0 86 6

0 27 3

74 453 171

65 450 146

44 434 120

29 432 94

16 418 68

8 399 40

3 165 21

0 125 13

0 84 6

0 25 3

14 379 153

10 375 129

6 361 104

3 362 80

3 353 56

1 345 31

1 122 14

0 84 8

0 49 2

0 3 0

59 74 19

54 75 18

39 72 16

25 70 14

14 65 11

7 54 9

2 43 7

0 41 5

0 34 3

0 23 2

14 39 8

5 38 7

2 30 5

0 26 4

0 26 3

0 13 2

0 8 1

0 3 1

0 3 1

0 2 0

0 7 1

0 7 1

0 5 1

0 2 0

0 2 0

0 2 0

0 1 0

0 1 0

0 1 0

0 0 0

14 32 7

5 31 6

2 25 5

0 24 4

0 24 3

0 11 2

0 7 1

0 2 1

0 2 0

0 2 0

224 GAMBIA, THE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

5.1 5.1 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

136.8 97.3 97.3 0.0 16.2 23.3 0.3 0.2 0.1 0.0 0.0 0.0

369.1 308.4 308.4 0.0 44.9 15.7 0.6 0.6 0.0 0.9 0.9 0.0

424.6 401.2 401.2 0.0 10.2 13.2 0.2 0.2 0.0 0.9 0.9 0.0

459.5 433.6 433.6 0.0 10.4 15.5 0.2 0.2 0.0 0.7 0.7 0.0

464.6 431.1 431.1 0.0 11.3 22.2 0.0 0.0 0.0 1.3 1.3 0.0

483.3 437.9 437.9 0.0 18.1 27.3 0.0 0.0 0.0 2.0 2.0 0.0

486.9 434.3 434.3 0.0 25.9 26.8 0.0 0.0 0.0 4.0 4.0 0.0

572.7 503.8 503.8 0.0 31.9 37.0 0.0 0.0 0.0 6.4 6.4 0.0

628.8 561.2 561.2 0.0 34.9 32.7 2.7 2.6 0.1 14.6 13.8 0.8

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

0.8 0.8 0.0 0.1 0.1 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.7 0.1 0.1 0.0 0.0

55.7 51.2 4.4 0.4 0.4 0.0 58.3 3.0 3.8 0.4 0.5 2.9 54.5 4.1 0.8 0.5 2.9

32.8 23.5 9.3 25.5 20.2 5.3 15.5 8.1 12.3 10.2 1.3 0.8 3.2 37.7 30.3 6.7 0.8

24.0 24.0 0.0 19.8 13.5 6.4 -5.3 -9.4 6.8 5.7 0.1 1.1 -12.1 26.7 19.1 6.4 1.1

20.9 16.2 4.7 19.5 14.6 4.9 3.7 2.3 6.3 5.4 0.1 0.8 -2.6 25.7 20.0 4.9 0.8

26.3 21.6 4.7 14.7 11.1 3.5 18.5 6.8 6.5 5.5 0.0 1.0 12.0 21.2 16.6 3.6 1.0

29.7 20.7 9.1 14.3 12.7 1.6 20.6 5.2 7.3 6.0 0.1 1.2 13.3 21.5 18.7 1.7 1.2

31.4 22.7 8.7 9.8 9.6 0.2 21.1 -0.5 4.6 3.5 0.1 1.0 16.5 14.4 13.1 0.3 1.0

56.0 52.2 3.7 10.4 10.4 0.0 55.8 10.2 6.2 5.5 0.1 0.6 49.6 16.6 15.9 0.1 0.6

37.8 37.8 0.0 10.8 10.8 0.0 20.0 -7.0 9.1 8.6 0.1 0.4 11.0 19.9 19.4 0.1 0.4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

0.9 0.7 0.1 0.0 0.1 0.7 0.8 0.1

78.0 50.9 0.0 0.0 27.2 12.7 56.7 21.3

48.0 3.4 0.0 0.0 44.7 24.2 55.5 -7.5

40.1 10.5 12.0 0.0 17.6 14.1 28.1 12.0

49.4 1.6 23.7 0.0 24.0 11.4 25.7 23.7

73.9 10.5 49.5 0.0 13.9 12.2 23.6 50.3

73.2 8.0 43.5 0.0 21.7 9.7 30.2 43.0

62.6 13.1 35.5 0.0 14.0 11.4 27.5 35.1

105.1 41.8 42.8 0.0 20.5 12.7 62.5 42.6

105.4 27.0 60.0 0.0 18.3 14.2 45.4 60.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

0.9 0.0 0.0 0.8 0.1

75.8 0.4 1.8 56.3 19.5

37.9 10.2 0.0 50.0 -12.1

34.4 5.7 0.0 22.4 12.0

44.0 5.4 0.0 20.3 23.7

68.5 5.5 0.0 18.1 50.3

67.2 6.0 0.0 24.4 42.8

59.1 3.5 0.0 24.1 35.0

99.6 5.5 0.0 57.0 42.6

96.8 8.6 0.0 36.8 60.0

52.3 .. 0.0 .. 8.1 ..

237.0 66.2 2.0 181.5 5.7 -86.9

396.6 .. 27.0 .. 106.4 ..

410.8 .. 24.0 .. 111.2 ..

400.4 .. 19.0 .. 109.4 ..

393.7 .. 30.0 .. 106.0 ..

347.3 .. 33.0 .. 106.9 ..

369.7 .. 40.0 .. .. ..

.. 9.7 .. .. 0.0 159.8 .. 0.0 96.0 0.0

206.5 57.7 6.2 5.7 1.6 4.1 0.4 17.0 49.9 29.9

.. 115.9 .. .. 1.6 23.1 .. 3.4 90.8 75.7

.. 113.1 .. .. 1.6 23.9 .. 4.8 89.9 74.5

.. 120.7 .. .. 1.8 22.6 .. 5.7 87.1 71.1

.. 123.7 .. .. 1.2 21.8 .. 5.5 86.5 70.5

.. 164.9 .. .. 1.8 18.7 .. 6.5 85.8 68.6

.. 170.1 .. .. 2.5 .. .. 5.2 87.4 71.7

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

291.4 169.7 10.0 205.4 55.4 23.4

401.3 232.7 20.0 293.1 96.0 -23.6

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

217.5 126.7 22.2 7.2 4.2 15.0 3.2 4.3 67.8 55.0

182.5 105.8 11.5 2.9 1.7 22.6 3.9 3.1 91.3 76.8

225 GAMBIA, THE (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.1 5.1 5.1 0.0 0.0 5.1 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

97.3 97.3 73.4 40.9 35.8 32.5 32.5 23.9 0.0 7.4 16.5 0.0 0.0 0.0

308.4 308.4 290.1 203.1 183.3 87.0 66.8 18.3 0.0 16.0 2.3 0.0 0.0 0.0

0.0 0.0

0.0 15.9

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.8 0.8 0.8 0.0 0.0 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

401.2 401.2 401.2 326.0 312.7 75.2 75.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

433.6 433.6 433.6 347.7 331.2 85.9 85.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

431.1 431.1 430.3 346.0 333.4 84.3 84.3 0.8 0.0 0.0 0.8 0.0 0.0 0.0

437.9 437.9 436.2 343.7 333.6 92.5 87.3 1.7 0.0 0.9 0.7 0.0 0.0 0.0

434.3 434.3 433.1 343.5 335.6 89.6 85.5 1.2 0.0 0.6 0.6 0.0 0.0 0.0

503.8 503.8 502.7 392.9 385.4 109.8 106.1 1.1 0.0 0.7 0.4 0.0 0.0 0.0

561.2 561.2 560.0 450.7 444.3 109.3 105.1 1.2 0.0 0.8 0.4 0.0 0.0 0.0

0.0 101.6

0.0 165.6

0.0 172.6

0.0 172.8

0.0 170.7

0.0 169.9

0.0 194.5

0.0 220.1

51.2 51.2 29.6 18.3 16.1 11.3 11.3 21.7 0.0 7.0 14.7 0.0 0.0 0.0

23.5 23.5 23.5 17.7 16.6 5.8 5.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

24.0 24.0 24.0 23.1 23.1 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.2 16.2 16.2 14.4 14.4 1.9 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

21.6 21.6 20.8 15.7 15.7 5.1 5.1 0.8 0.0 0.0 0.8 0.0 0.0 0.0

20.7 20.7 20.7 17.1 17.1 3.6 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

22.7 22.7 22.7 19.6 19.6 3.1 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

52.2 52.2 52.2 29.3 29.3 23.0 23.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

37.8 37.8 37.8 34.4 34.4 3.4 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 5.2

0.0 9.8

0.0 9.1

0.0 3.1

0.0 5.5

0.0 7.7

0.0 7.5

0.0 15.0

0.0 11.4

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.1 0.3 0.0 0.0 0.0

20.2 20.2 12.7 4.7 2.7 7.9 7.9 7.5 0.0 3.0 4.5 0.0 0.0 0.0

13.5 13.5 13.5 6.6 4.0 6.8 6.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.6 14.6 14.6 8.3 6.0 6.2 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

11.1 11.1 11.1 6.9 4.7 4.3 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.7 12.7 12.2 7.9 6.4 4.3 3.3 0.5 0.0 0.3 0.2 0.0 0.0 0.0

9.6 9.6 9.1 4.0 2.9 5.1 4.1 0.4 0.0 0.3 0.1 0.0 0.0 0.0

10.4 10.4 10.3 3.9 2.9 6.4 5.2 0.2 0.0 0.0 0.2 0.0 0.0 0.0

10.8 10.8 10.8 4.6 4.2 6.2 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.3

0.0 1.3

0.0 1.4

0.0 1.9

0.0 2.3

0.0 0.6

0.0 0.7

0.0 1.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.7 0.7 0.7 0.0 0.0 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

50.9 50.9 29.5 18.3 16.1 11.3 11.3 21.3 0.0 6.9 14.4 0.0 0.0 0.0

3.4 3.4 10.9 13.0 13.9 -2.1 -2.1 -7.5 0.0 -3.0 -4.5 0.0 0.0 0.0

10.5 10.5 10.5 16.5 19.1 -6.0 -5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.6 1.6 1.6 6.0 8.3 -4.4 -4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.5 10.5 9.7 8.8 11.0 0.9 0.9 0.8 0.0 0.0 0.8 0.0 0.0 0.0

8.0 8.0 8.5 9.1 10.7 -0.7 0.3 -0.5 0.0 -0.3 -0.2 0.0 0.0 0.0

13.1 13.1 13.5 15.6 16.7 -2.1 -1.1 -0.4 0.0 -0.3 -0.1 0.0 0.0 0.0

41.8 41.8 42.0 25.4 26.4 16.6 17.8 -0.2 0.0 0.0 -0.2 0.0 0.0 0.0

27.0 27.0 27.0 29.8 30.2 -2.8 -2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 5.2

0.0 9.5

0.0 7.8

0.0 1.7

0.0 3.6

0.0 5.4

0.0 6.9

0.0 14.3

0.0 10.4

5. LONG-TERM DEBT

226 GAMBIA, THE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.4 0.4 0.4 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.2 10.2 5.5 2.9 1.5 2.6 2.6 4.7 0.0 3.8 0.9 0.0 0.0 0.0

5.7 5.7 5.7 3.4 2.7 2.3 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.4 5.4 5.4 3.3 2.7 2.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.5 5.5 5.5 3.5 3.0 2.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.0 6.0 5.8 3.6 3.3 2.2 1.8 0.2 0.0 0.1 0.1 0.0 0.0 0.0

3.5 3.5 3.4 2.5 2.2 0.9 0.6 0.1 0.0 0.0 0.1 0.0 0.0 0.0

5.5 5.5 5.5 3.2 3.0 2.2 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.6 8.6 8.6 4.5 4.0 4.1 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.7

0.0 1.2

0.0 1.2

0.0 1.3

0.0 1.2

0.0 1.1

0.0 1.2

0.0 1.4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.7 0.7 0.7 0.0 0.0 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

50.5 50.5 29.2 17.9 15.9 11.3 11.3 21.3 0.0 6.9 14.4 0.0 0.0 0.0

-6.8 -6.8 5.4 10.1 12.4 -4.7 -4.7 -12.1 0.0 -6.8 -5.4 0.0 0.0 0.0

4.8 4.8 4.8 13.1 16.4 -8.3 -7.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-3.8 -3.8 -3.8 2.7 5.6 -6.5 -6.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.0 5.0 4.2 5.3 8.0 -1.1 -1.1 0.8 0.0 0.0 0.8 0.0 0.0 0.0

2.0 2.0 2.7 5.5 7.5 -2.8 -1.5 -0.7 0.0 -0.4 -0.3 0.0 0.0 0.0

9.6 9.6 10.1 13.1 14.5 -3.0 -1.7 -0.5 0.0 -0.3 -0.2 0.0 0.0 0.0

36.3 36.3 36.5 22.1 23.4 14.4 15.8 -0.2 0.0 0.0 -0.2 0.0 0.0 0.0

18.4 18.4 18.4 25.3 26.2 -6.8 -6.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 5.1

0.0 8.8

0.0 6.6

0.0 0.4

0.0 2.4

0.0 4.2

0.0 5.8

0.0 13.0

0.0 8.9

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.4 0.4 0.2 0.0 0.0 0.4 0.0 0.1 0.3 0.0 0.0 0.0

30.3 30.3 18.2 7.7 4.2 10.5 10.5 12.1 0.0 6.8 5.4 0.0 0.0 0.0

19.1 19.1 19.1 10.0 6.7 9.1 8.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

20.0 20.0 20.0 11.6 8.7 8.3 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.6 16.6 16.6 10.4 7.6 6.2 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

18.7 18.7 18.0 11.6 9.6 6.4 5.1 0.7 0.0 0.4 0.3 0.0 0.0 0.0

13.1 13.1 12.6 6.5 5.1 6.1 4.8 0.5 0.0 0.3 0.2 0.0 0.0 0.0

15.9 15.9 15.7 7.1 5.9 8.6 7.1 0.2 0.0 0.0 0.2 0.0 0.0 0.0

19.4 19.4 19.4 9.1 8.3 10.3 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.1

0.0 1.0

0.0 2.5

0.0 2.6

0.0 3.2

0.0 3.5

0.0 1.7

0.0 2.0

0.0 2.4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

5.5 5.5 0.0

106.3 87.7 18.6

167.7 167.7 0.0

64.7 64.7 0.0

112.1 112.1 0.0

143.8 143.8 0.0

142.0 142.0 0.0

187.5 187.5 0.0

234.2 234.2 0.0

209.3 209.3 0.0

4.9 0.0 5.1 0.0

68.3 7.7 94.0 3.4

250.1 17.6 306.6 1.8

387.9 0.0 401.2 0.0

417.1 0.0 433.6 0.0

417.8 0.0 431.1 0.0

420.9 0.0 437.9 0.0

421.1 0.0 434.3 0.0

491.5 0.0 503.8 0.0

549.4 0.0 561.2 0.0

.. 0.1 2.1 0.0 4.8 0.0 51.3 19.9 0.7 21.1

5.9 .. .. 0.0 4.7 0.0 52.3 19.4 1.1 16.7

5.5 .. .. 0.0 3.9 0.0 54.9 17.7 1.2 16.8

4.9 .. .. 0.0 3.3 0.0 53.7 16.9 1.4 19.7

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0

.. 1.8 1.4 0.0 16.3 0.5 32.3 6.9 0.0 40.6

.. 1.8 7.7 0.0 8.5 1.3 39.1 19.8 0.0 21.8

.. 0.1 1.3 0.0 5.9 0.0 50.3 21.7 0.1 20.6

.. 0.1 0.7 0.0 5.3 0.0 50.4 21.5 0.1 21.9

.. 0.1 0.3 0.0 5.1 0.0 52.0 21.2 0.4 20.8

227 GAMBIA, THE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION 5.1 .. 31.4 -27.3 34.9 58.3 15.5 -5.3 3.7 18.5 0.0 0.0 -0.1 .. -3.5 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 3.3 -38.8 -19.0 -12.2 50.2 -1.1 .. 16.1 16.7 9. AVERAGE TERMS OF NEW COMMITMENTS

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 4.1 0.3 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.0 0.3 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.9 0.2 0.0 0.0

18.7 20.6 0.0 0.0 0.0 -9.5 7.7

3.6 21.1 0.0 0.0 -4.1 -5.1 -8.3

85.8 55.8 0.0 0.0 -4.0 20.3 13.8

56.1 20.0 2.7 0.0 -3.9 21.2 16.0

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 0.7 .. .. .. .. ..

0.7 49.7 10.4 83.3

3.9 20.3 4.9 39.1

0.8 42.1 10.0 79.7

1.0 49.6 10.5 80.5

1.1 33.0 8.6 71.6

1.3 30.8 6.2 65.6

1.7 27.4 6.8 61.3

1.2 36.6 8.5 72.3

1.9 31.0 8.3 64.8

0.0 0.0 0.0 0.0

0.7 49.7 10.4 83.3

1.7 25.1 5.8 55.8

0.8 42.1 10.0 79.7

1.0 49.6 10.5 80.5

1.1 33.0 8.6 71.6

1.3 31.3 6.3 66.5

1.7 27.4 6.8 61.3

1.2 36.6 8.5 72.3

1.9 31.0 8.3 64.8

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

7.5 12.2 3.4 11.3

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

2 73 38 22 60 60 24 2 46 38 22 60 59 24 0 27 0 0 0 1 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

72 72 0

87 87 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

49.8 21.2 7.1

49.7 21.7 7.3

38.0 21.5 7.4

26.9 22.6 7.3

18.2 23.1 7.2

12.2 24.5 7.0

7.3 26.7 6.7

3.4 27.7 6.3

2.6 28.2 5.9

1.0 28.5 5.5

49.8 21.0 7.1

49.7 21.4 7.3

38.0 21.5 7.4

26.9 22.6 7.3

18.2 23.1 7.2

12.2 24.5 7.0

7.3 26.7 6.7

3.4 27.7 6.3

2.6 28.2 5.9

1.0 28.5 5.5

9.8 9.0 2.9

7.5 8.4 2.9

5.2 7.4 2.9

3.0 7.2 2.8

1.4 7.2 2.7

0.8 7.2 2.6

0.3 7.8 2.4

0.2 7.5 2.2

0.2 7.3 2.0

0.0 7.1 1.7

40.0 12.0 4.2

42.2 13.0 4.4

32.8 14.1 4.5

23.9 15.4 4.5

16.8 15.9 4.5

11.4 17.3 4.4

7.0 18.9 4.3

3.2 20.3 4.2

2.4 20.9 4.0

1.0 21.4 3.8

0.0 0.3 0.0

0.0 0.2 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 0.2 0.0

0.0 0.2 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 0.1 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

228 GEORGIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

1,466 1,190 1,190 0 255 22 18 18 0 77 77 0 84

1,648 1,316 1,301 15 304 28 0 0 0 59 59 0 91

1,653 1,326 1,309 17 320 7 1 1 0 113 113 0 82

1,638 1,316 1,274 42 278 44 1 1 0 179 179 0 76

1,729 1,364 1,311 53 287 78 18 18 0 247 247 0 125

1,839 1,496 1,445 51 310 33 0 0 0 302 302 0 140

1,935 1,608 1,564 44 289 38 7 7 0 314 314 0 153

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

173 96 76 3 3 0 153 -17 44 37 6 1 109 46 40 6 1

279 241 38 150 149 1 153 24 63 57 6 1 90 213 205 7 1

142 97 46 62 40 22 59 -22 47 42 5 0 12 109 82 26 0

65 65 0 68 42 26 33 36 49 43 5 1 -17 118 86 31 1

142 108 34 43 27 15 117 17 35 29 3 2 82 77 57 19 2

128 99 29 86 56 30 16 -27 43 39 2 2 -27 129 95 32 2

89 89 0 139 91 47 -52 -2 42 39 2 1 -94 181 131 49 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

392 94 243 2 53 19 147 245

420 93 265 0 62 26 148 272

211 57 82 6 66 41 118 93

211 23 131 0 57 83 54 157

265 80 110 0 75 106 142 123

281 43 167 0 70 153 130 151

416 -3 338 0 81 108 96 320

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

352 37 3 110 242

364 57 0 92 271

169 42 0 78 91

167 43 0 12 155

225 29 11 115 110

189 39 53 93 96

308 39 69 58 250

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

3,798 1,046 373 1,392 123 -276

2,951 907 361 1,152 132 -198

3,161 939 274 1,248 109 -269

3,239 995 181 1,348 159 -212

3,434 1,235 238 1,569 198 -198

4,015 1,520 246 2,000 191 -371

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

157.6 43.4 20.3 6.0 1.7 7.5 1.1 1.7 46.0 26.4

182.3 56.0 12.0 5.2 1.6 8.0 1.4 0.4 49.6 29.1

174.5 51.8 12.5 5.3 1.6 6.7 1.1 2.7 49.1 29.2

173.7 53.4 7.8 3.5 1.1 9.2 1.4 4.5 49.7 30.1

148.9 53.5 10.4 3.5 1.3 10.7 1.5 1.8 54.4 34.6

127.3 48.2 11.9 2.8 1.1 9.9 1.1 2.0 59.4 38.4

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

3,639 864 284 1,472 200 -514

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

169.6 40.3 5.4 5.0 1.2 13.6 1.6 1.5 43.5 24.7

229 GEORGIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

1,190 1,190 1,187 363 212 824 426 3 0 0 3 0 0 0

1,316 1,301 1,298 436 275 862 484 3 0 0 3 15 0 15

1,326 1,309 1,307 481 348 826 473 2 0 0 2 17 0 17

1,316 1,274 1,272 478 350 794 454 2 0 0 2 42 0 42

1,364 1,311 1,309 521 399 788 460 2 0 0 2 53 0 53

1,496 1,445 1,443 636 495 806 504 2 0 0 2 51 0 51

1,608 1,564 1,561 744 589 818 561 3 0 0 3 44 0 44

.. ..

0 212

0 274

0 346

0 347

0 396

0 491

0 583

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

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

96 96 96 76 64 20 20 0 0 0 0 0 0 0

241 234 234 186 54 48 48 0 0 0 0 7 0 7

97 92 92 83 80 9 9 0 0 0 0 5 0 5

65 37 37 25 19 13 13 0 0 0 0 28 0 28

108 91 91 74 63 17 17 0 0 0 0 17 0 17

99 93 93 73 63 19 19 0 0 0 0 7 0 7

89 72 72 50 45 22 22 0 0 0 0 16 0 16

.. ..

.. ..

.. ..

0 64

0 53

0 79

0 18

0 63

0 61

0 43

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

3 3 3 0 0 3 3 0 0 0 0 0 0 0

149 149 149 129 0 20 0 0 0 0 0 0 0 0

40 39 39 14 0 25 0 0 0 0 0 1 0 1

42 41 41 5 0 35 22 0 0 0 0 2 0 2

27 24 24 12 0 12 0 0 0 0 0 4 0 4

56 33 33 7 0 26 0 0 0 0 0 23 0 23

91 58 57 12 0 46 0 0 0 0 0 34 0 34

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

94 94 94 76 64 17 17 0 0 0 0 0 0 0

93 86 86 57 54 29 48 0 0 0 0 7 0 7

57 53 53 69 80 -16 9 0 0 0 0 4 0 4

23 -3 -3 19 19 -23 -10 0 0 0 0 26 0 26

80 67 67 62 63 5 17 0 0 0 0 13 0 13

43 60 60 67 63 -7 19 0 0 0 0 -16 0 -16

-3 15 15 38 45 -23 22 0 0 0 0 -17 0 -17

.. ..

.. ..

.. ..

0 64

0 53

0 79

0 18

0 63

0 61

0 43

5. LONG-TERM DEBT

230 GEORGIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

37 37 37 8 1 29 13 0 0 0 0 0 0 0

57 56 56 24 2 32 15 0 0 0 0 0 0 0

42 41 41 8 2 33 16 0 0 0 0 1 0 1

43 42 42 8 3 34 17 0 0 0 0 1 0 1

29 27 27 10 3 17 17 0 0 0 0 2 0 2

39 37 37 10 3 27 16 0 0 0 0 2 0 2

39 38 38 9 4 28 17 0 0 0 0 1 0 1

.. ..

.. ..

.. ..

0 1

0 2

0 2

0 3

0 3

0 3

0 4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

56 56 56 69 63 -12 4 0 0 0 0 0 0 0

36 30 30 33 52 -3 33 0 0 0 0 6 0 6

15 12 12 61 78 -49 -7 0 0 0 0 3 0 3

-21 -45 -45 11 16 -56 -27 0 0 0 0 24 0 24

51 40 40 52 61 -12 0 0 0 0 0 11 0 11

5 23 23 56 59 -33 3 0 0 0 0 -18 0 -18

-42 -23 -23 29 41 -52 5 0 0 0 0 -19 0 -19

.. ..

.. ..

.. ..

0 63

0 51

0 77

0 15

0 61

0 58

0 40

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

40 40 40 8 1 32 16 0 0 0 0 0 0 0

205 205 204 153 2 52 15 0 0 0 0 0 0 0

82 80 80 22 2 58 16 0 0 0 0 2 0 2

86 83 82 14 3 69 39 0 0 0 0 3 0 3

57 51 51 22 3 29 17 0 0 0 0 6 0 6

95 70 70 17 3 53 16 0 0 0 0 25 0 25

131 95 95 21 4 74 17 0 0 0 0 35 0 35

.. ..

.. ..

.. ..

0 1

0 2

0 2

0 3

0 3

0 3

0 4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

181 181 0

271 271 0

332 332 0

346 346 0

344 344 0

310 310 0

314 314 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

638 141 1,186 4

758 162 1,292 24

821 136 1,299 27

803 156 1,264 52

860 162 1,303 61

1,000 181 1,439 57

1,150 189 1,559 49

.. 4.0 0.0 0.2 0.0 0.2 82.3 0.0 0.2 13.1

15.6 .. .. 0.7 0.0 0.2 83.2 0.0 0.2 0.1

17.0 .. .. 1.5 0.0 0.2 80.5 0.0 0.3 0.6

19.3 .. .. 2.3 0.0 0.2 77.0 0.0 0.4 0.8

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 2.7 0.0 0.0 0.0 0.3 79.2 0.0 0.0 17.8

.. 3.8 0.0 0.0 0.0 0.3 78.9 0.0 0.1 16.9

.. 3.7 0.0 0.0 0.0 0.2 82.2 0.0 0.1 13.7

231 GEORGIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 167 0 0 .. .. 96 0 0 .. .. 35 0 0 .. .. 35 0 0 .. .. 0 0 0 .. .. 17 0 0 .. .. 5 0 0 .. .. 11 0 0 .. .. 4 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 5 .. .. 104 182 153 59 .. .. 153 -17 1 .. .. -25 .. .. 17 0 0 .. .. -4 0 0 -25 -52 .. .. -115 .. .. 79 72 -2 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

34 0 34 34 0 0 0 0 0 0 0 0

48 0 48 48 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

-16 33 1 0 0 -51 2

91 117 17 0 0 -36 -7

110 16 -18 0 0 97 15

96 -52 7 0 0 132 9

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.7 34.3 9.6 78.4

4.1 22.5 9.5 45.5

0.6 35.2 10.2 80.5

1.1 32.0 8.9 72.2

0.8 39.6 10.1 80.4

0.8 39.4 9.9 80.1

0.8 39.7 10.4 80.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.7 34.3 9.6 78.4

4.1 22.5 9.5 45.5

0.6 35.2 10.2 80.5

1.1 32.0 8.9 72.2

0.8 39.6 10.1 80.4

0.8 39.4 9.9 80.1

0.8 39.7 10.4 80.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

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

.. .. .. 181 312 156 72 .. .. .. 181 312 156 72 .. .. .. 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

107 107 0

55 55 0

47 47 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

67 64 21

61 70 21

48 69 19

41 64 17

32 51 15

22 73 14

16 76 13

11 75 11

7 57 10

4 58 9

67 58 21

61 61 19

48 58 18

41 56 16

32 47 15

22 70 14

16 73 12

11 72 11

7 57 10

4 58 9

27 48 14

23 50 13

14 45 11

8 41 10

4 30 8

2 28 7

1 30 6

0 29 5

0 12 5

0 13 4

41 10 6

38 11 6

34 13 6

33 15 6

28 17 6

21 42 6

15 43 6

11 43 6

7 44 5

4 45 5

0 5 1

0 9 2

0 11 1

0 8 1

0 4 1

0 3 0

0 3 0

0 2 0

0 1 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 5 1

0 9 2

0 11 1

0 8 1

0 4 1

0 3 0

0 3 0

0 2 0

0 1 0

0 0 0

232 GHANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

571 520 510 10 46 5 5 1 4 25 7 18 0

1,402 1,166 1,156 10 105 131 5 4 1 6 4 2 0

3,837 2,772 2,739 33 745 320 56 45 11 77 50 27 411

6,313 5,289 5,022 267 347 677 13 5 9 14 7 6 883

6,933 5,878 5,615 263 334 722 16 11 4 63 54 10 212

6,979 5,951 5,691 260 310 718 20 13 8 88 64 24 246

6,625 5,744 5,487 257 293 588 26 19 7 84 60 24 209

6,735 5,896 5,641 255 284 555 18 4 14 47 9 38 239

7,340 6,384 6,131 253 363 593 21 5 16 62 21 41 484

7,957 6,805 6,804 1 453 700 25 6 18 80 26 54 434

44 42 2 39 14 25 5 0 12 12 0 0 -7 51 26 25 0

249 220 29 106 77 29 75 -68 53 31 4 18 22 159 108 33 18

503 438 65 260 144 116 341 98 106 57 37 12 235 367 201 153 12

649 649 0 395 230 166 275 21 160 126 5 29 115 555 355 171 29

713 602 112 386 248 139 369 42 192 152 2 38 176 579 400 141 38

457 396 61 344 268 76 105 -8 175 136 2 38 -70 519 404 77 38

429 394 35 309 272 37 -16 -136 155 116 1 38 -171 465 388 39 38

641 574 67 216 150 65 400 -25 98 70 1 27 302 314 220 67 27

316 248 68 100 95 5 251 34 92 74 2 17 158 192 169 6 17

387 313 74 386 384 2 105 104 95 73 2 20 10 481 457 4 20

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

101 28 68 0 5 15 35 66

181 143 16 0 22 42 207 -26

758 294 15 0 449 61 763 -5

665 419 83 0 163 108 498 167

762 354 167 0 240 104 541 221

629 128 244 0 257 112 437 193

514 122 166 0 227 126 407 107

820 423 89 0 308 115 577 244

575 153 59 0 363 127 539 36

481 -70 137 0 414 138 647 -166

89 12 0 28 61

135 31 15 183 -48

693 57 7 720 -27

540 126 0 421 119

610 152 0 452 158

493 136 0 358 136

398 116 0 333 65

751 70 0 535 216

501 74 0 496 5

408 73 0 592 -184

2,170 .. 0 .. 43 ..

4,426 1,214 1 1,264 330 30

7,322 2,588 30 3,814 457 -522

7,547 2,519 31 4,073 535 -964

4,831 2,489 32 3,474 309 -387

5,201 2,461 46 3,699 376 -325

6,030 2,628 44 3,517 636 -32

7,459 3,279 65 4,358 1,470 255

.. 26.3 .. .. 0.6 7.5 .. 0.9 43.1 9.3

115.5 31.7 13.1 4.4 1.2 23.5 3.1 9.3 55.3 19.9

267.9 94.7 22.4 7.4 2.6 6.6 1.4 10.4 66.1 51.4

277.1 92.5 20.6 7.0 2.3 7.7 1.6 10.3 68.5 52.8

266.2 137.1 18.7 6.2 3.2 4.7 1.1 8.9 71.2 55.3

273.7 129.5 12.8 4.0 1.9 5.6 1.2 8.2 68.8 55.3

279.3 121.7 7.3 3.5 1.5 8.7 2.2 8.1 70.5 55.7

242.7 106.7 14.7 2.9 1.3 18.5 4.0 8.8 73.9 58.5

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

5,774 955 6 1,583 309 -223

6,750 1,707 26 2,645 618 -403

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

401.9 66.5 38.4 11.1 1.8 8.1 2.3 8.3 54.1 48.1

369.7 93.5 32.5 9.4 2.4 9.8 2.8 10.7 64.0 50.6

233 GHANA (US$ million, unless otherwise indicated) 1970

1980

1990

520 510 332 53 11 279 235 178 0 12 166 10 0 10

1,166 1,156 1,034 279 139 756 637 121 0 0 121 10 0 10

2,772 2,739 2,516 1,846 1,510 669 567 224 0 10 214 33 0 33

43 11

114 99

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

42 42 39 4 4 35 35 3 0 0 3 0 0 0

1997

1998

1999

2000

2001

2002

2003

5,289 5,022 4,438 3,197 2,966 1,241 1,077 584 0 183 401 267 250 17

5,878 5,615 4,959 3,563 3,345 1,396 1,239 656 0 171 485 263 250 13

5,951 5,691 5,111 3,682 3,490 1,429 1,294 580 0 132 448 260 250 10

5,744 5,487 4,989 3,663 3,515 1,326 1,199 498 0 114 385 257 250 7

5,896 5,641 5,085 3,724 3,599 1,361 1,033 556 0 182 375 255 250 5

6,384 6,131 5,598 4,085 3,973 1,513 1,203 533 0 195 338 253 250 3

6,805 6,804 6,292 4,658 4,550 1,634 1,328 511 0 213 298 1 0 1

113 1,310

30 2,617

27 2,962

18 3,099

9 3,130

6 3,172

5 3,471

4 3,950

220 220 220 50 21 170 93 0 0 0 0 0 0 0

438 430 379 274 214 105 95 51 0 9 42 8 0 8

649 649 441 291 288 150 116 208 0 25 183 0 0 0

602 602 438 293 291 145 125 164 0 25 139 0 0 0

396 396 329 254 250 75 66 67 0 12 54 0 0 0

394 394 349 223 222 126 97 45 0 24 21 0 0 0

574 574 362 261 258 101 66 212 0 92 119 0 0 0

248 248 227 158 155 69 36 21 0 21 0 0 0 0

313 313 290 274 269 16 16 24 0 24 0 0 0 0

0 4

25 5

0 201

0 237

0 261

0 218

0 204

0 193

0 99

0 198

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

14 14 9 2 0 8 7 5 0 0 5 0 0 0

77 77 35 4 0 31 14 42 0 22 20 0 0 0

144 136 64 29 6 35 33 71 0 17 54 8 0 8

230 226 106 52 20 54 31 120 0 38 81 4 0 4

248 244 137 53 26 84 55 106 0 40 66 4 0 4

268 265 150 61 32 89 64 115 0 43 72 3 0 3

272 269 169 68 35 101 72 100 0 33 67 3 0 3

150 148 93 65 45 28 17 55 0 20 35 2 0 2

95 93 51 30 18 21 17 42 0 6 36 2 0 2

384 132 57 31 20 27 21 74 0 24 50 252 250 2

2 0

3 0

10 2

11 12

4 16

8 20

8 25

3 34

1 10

2 8

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

28 28 29 3 4 27 27 -2 0 0 -2 0 0 0

143 143 185 47 21 138 79 -42 0 -22 -20 0 0 0

294 294 314 245 207 69 62 -20 0 -7 -13 0 0 0

419 423 335 239 267 96 85 88 0 -13 101 -4 0 -4

354 358 300 240 265 60 70 58 0 -16 73 -4 0 -4

128 131 179 194 218 -14 2 -48 0 -30 -18 -3 0 -3

122 125 180 155 187 25 25 -56 0 -9 -46 -3 0 -3

423 425 269 196 213 73 49 156 0 72 84 -2 0 -2

153 155 176 128 138 48 20 -21 0 15 -36 -2 0 -2

-70 182 232 243 249 -11 -5 -51 0 -1 -50 -252 -250 -2

-1 4

21 5

-10 199

-11 225

-4 245

-8 199

-8 179

-3 159

-1 89

-2 190

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

234 GHANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 7 3 0 4 3 5 0 0 5 0 0 0

31 31 24 10 1 14 10 7 0 2 4 0 0 0

57 55 43 30 10 14 11 12 0 2 10 2 0 2

126 111 78 40 21 37 21 33 0 11 22 15 14 1

152 137 89 38 23 51 40 48 0 15 33 15 14 1

136 122 79 39 25 40 32 42 0 13 29 14 14 1

116 102 74 39 26 35 24 28 0 6 22 14 14 1

70 55 42 33 27 9 6 14 0 4 9 14 14 0

74 60 42 34 25 8 7 17 0 3 14 14 14 0

73 73 55 32 26 23 16 18 0 7 11 0 0 0

3 0

8 0

9 8

4 19

1 20

2 21

1 22

1 25

0 20

1 21

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

16 16 22 0 4 22 24 -7 0 0 -7 0 0 0

112 112 161 37 20 124 69 -48 0 -24 -25 0 0 0

237 239 271 215 197 56 50 -32 0 -9 -23 -2 0 -2

294 312 257 199 246 58 64 55 0 -24 80 -19 -14 -5

202 221 211 202 242 9 30 10 0 -30 40 -19 -14 -5

-8 10 100 155 193 -54 -29 -91 0 -44 -47 -17 -14 -4

6 23 106 117 161 -10 2 -83 0 -15 -69 -17 -14 -4

354 370 227 164 186 63 43 143 0 68 75 -16 -14 -2

79 95 134 94 113 40 13 -38 0 12 -50 -16 -14 -2

-143 109 177 211 223 -34 -21 -69 0 -8 -61 -252 -250 -2

-4 4

13 4

-20 191

-15 207

-6 225

-10 178

-9 157

-4 134

-2 69

-2 169

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

26 26 16 4 0 12 11 10 0 0 10 0 0 0

108 108 59 14 1 45 24 48 0 24 25 0 0 0

201 191 108 59 17 49 45 83 0 18 65 10 0 10

355 336 184 92 42 91 52 153 0 49 103 19 14 5

400 381 226 91 49 135 95 155 0 55 99 19 14 5

404 387 229 100 57 129 96 157 0 56 101 17 14 4

388 371 243 106 61 136 96 128 0 39 89 17 14 4

220 204 135 98 72 37 23 69 0 24 45 16 14 2

169 153 93 64 43 29 23 59 0 9 50 16 14 2

457 205 112 62 46 50 37 92 0 32 61 252 250 2

4 0

11 1

20 10

15 30

6 36

10 41

9 47

4 59

2 30

2 29

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

76 76 0

431 431 0

1,705 1,591 113

1,552 1,366 186

1,256 1,159 97

1,325 1,139 186

1,281 945 336

1,274 1,090 184

1,037 901 136

1,188 1,059 129

246 10 510 10

775 10 1,128 38

2,077 51 2,739 33

4,043 293 5,022 267

4,584 284 5,615 263

4,784 274 5,691 260

4,714 267 5,487 257

4,631 320 5,641 255

5,176 317 6,131 253

5,878 71 6,804 1

.. 2.8 1.3 15.0 3.7 0.1 64.0 5.4 0.8 6.9

7.2 .. .. 13.1 2.8 0.1 66.4 5.0 0.8 4.6

7.2 .. .. 12.6 2.2 0.1 67.2 4.8 0.9 4.9

7.3 .. .. 12.4 1.7 0.1 67.4 4.7 0.9 5.5

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 12.3 2.7 0.0 28.3 0.0 22.5 8.4 0.0 25.8

.. 12.9 1.9 0.1 11.8 0.0 38.6 10.7 0.0 23.9

.. 4.0 2.3 5.2 2.9 0.7 59.6 8.0 0.6 16.9

.. 4.1 2.5 11.2 7.0 0.2 58.7 5.9 0.7 9.6

.. 3.8 2.4 13.3 5.9 0.2 59.4 5.7 0.7 8.5

.. 3.1 1.7 15.5 5.0 0.1 60.9 5.5 0.7 7.4

235 GHANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 102 7 0 0 .. 0 0 0 0 .. 0 0 12 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 476 -89 620 46 75 341 275 369 105 .. 17 3 2 5 .. 0 0 0 0 .. -102 -7 -12 0 -22 -103 .. 171 -568 .. 49 209 284 40 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

199 0 143 101 42 52 40 13 0 0 0 0

74 0 54 47 7 21 19 2 140 27 0 0

0 0 25 8 17 8 3 5 56 9 0 0

-354 -16 6 0 0 -323 -21

110 400 -8 52 0 -256 -78

605 251 3 21 -140 414 56

618 105 3 8 -56 527 31

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 5 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

2.0 36.7 9.7 66.8

1.4 44.1 9.7 74.4

3.0 32.1 8.4 58.2

2.5 28.6 7.3 54.7

4.0 28.0 6.9 45.6

2.5 29.1 7.6 57.3

3.7 23.0 5.9 43.6

1.5 39.3 10.8 73.9

0.8 44.8 9.3 76.7

1.1 42.2 9.1 76.7

1.8 38.6 10.2 70.2

1.4 44.1 9.7 74.4

2.0 35.9 9.4 67.8

1.4 38.8 10.1 73.2

2.5 35.7 8.8 60.8

2.6 30.5 8.1 59.9

1.4 34.7 8.9 69.8

0.8 41.1 11.9 81.3

0.8 45.5 9.4 77.4

1.1 42.2 9.1 76.7

5.3 8.4 1.4 16.3

0.0 0.0 0.0 0.0

8.1 11.4 2.9 6.2

4.6 8.4 1.9 18.0

7.0 12.5 3.1 14.6

2.1 25.8 6.5 51.0

6.2 10.1 2.7 14.6

7.0 25.6 2.2 18.6

2.2 19.9 6.2 54.2

0.0 0.0 0.0 0.0

51 170 679 380 342 527 453 48 170 573 253 229 376 238 3 0 106 127 113 151 215 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

649 573 76

51 49 1

392 392 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

290 392 112

254 366 101

182 328 90

141 262 82

111 249 75

76 244 70

51 242 66

35 240 62

21 249 57

13 243 53

220 272 88

215 278 82

166 257 76

136 207 71

111 216 68

76 217 64

51 220 61

35 218 57

21 230 54

13 229 50

36 172 43

30 172 37

19 144 32

11 89 28

7 91 26

5 87 24

3 88 22

2 77 19

2 77 17

1 67 15

184 100 45

185 106 45

147 113 44

125 118 43

104 125 42

71 130 40

48 132 39

32 141 38

20 153 36

13 162 35

69 121 24

39 88 19

16 71 14

5 55 10

0 34 7

0 27 6

0 22 5

0 21 5

0 19 4

0 14 3

54 31 8

33 26 8

13 24 7

5 22 6

0 23 5

0 22 5

0 18 4

0 18 3

0 16 3

0 11 2

16 89 16

6 62 11

3 47 7

0 33 4

0 11 2

0 6 2

0 4 1

0 4 1

0 3 1

0 3 1

236 GRENADA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

14.9 14.9 14.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

19.6 15.8 15.8 0.0 2.8 1.0 0.0 0.0 0.0 0.0 0.0 0.0

110.8 97.9 97.9 0.0 0.0 12.9 6.9 6.5 0.3 17.0 15.4 1.5

115.7 107.7 107.7 0.0 0.0 8.0 1.0 1.0 0.0 7.7 7.3 0.4

171.3 107.2 107.2 0.0 0.0 64.1 1.6 1.6 0.0 8.0 7.6 0.4

135.8 112.1 112.1 0.0 0.0 23.7 2.5 2.5 0.1 10.1 8.9 1.2

201.4 179.8 179.8 0.0 0.0 21.6 4.5 1.6 2.9 10.6 7.3 3.2

239.6 183.9 183.9 0.0 0.0 55.7 4.7 2.9 1.8 8.2 7.4 0.8

366.0 294.1 294.1 0.0 0.0 71.9 4.9 2.8 2.1 7.0 7.0 0.0

375.9 299.1 299.1 0.0 4.4 72.5 6.5 3.7 2.8 6.1 5.9 0.2

5.8 5.8 0.0 0.0 0.0 0.0 5.8 0.0 0.3 0.3 0.0 0.0 5.6 0.3 0.3 0.0 0.0

1.7 1.0 0.7 1.6 0.9 0.7 -0.9 -1.0 0.8 0.5 0.1 0.2 -1.7 2.3 1.3 0.8 0.2

14.8 14.8 0.0 1.7 1.3 0.5 13.1 0.0 1.6 1.2 0.0 0.4 11.5 3.3 2.4 0.5 0.4

14.3 14.3 0.0 5.0 5.0 0.0 2.5 -6.7 2.3 1.8 0.0 0.5 0.3 7.3 6.8 0.0 0.5

6.2 6.2 0.0 7.5 7.5 0.0 54.2 55.5 3.8 2.1 0.0 1.7 50.4 11.4 9.6 0.0 1.7

13.7 13.7 0.0 7.4 7.4 0.0 -35.1 -41.4 4.4 2.2 0.0 2.3 -39.5 11.8 9.6 0.0 2.3

77.6 77.6 0.0 10.0 10.0 0.0 63.4 -4.1 4.4 3.4 0.0 1.0 59.0 14.4 13.5 0.0 1.0

21.9 21.9 0.0 9.9 9.9 0.0 45.9 33.9 7.3 6.0 0.0 1.2 38.6 17.2 16.0 0.0 1.2

115.9 115.9 0.0 12.4 12.4 0.0 119.6 16.1 16.0 14.9 0.0 1.1 103.7 28.4 27.3 0.0 1.1

23.9 19.8 4.1 11.6 11.6 0.0 11.3 -1.0 19.3 18.4 0.0 0.8 -8.0 30.8 30.0 0.0 0.8

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

5.8 5.8 0.0 0.0 0.0 0.0 0.3 5.6

1.1 0.1 0.0 0.0 1.0 0.8 1.7 -0.6

30.7 13.5 12.9 0.0 4.2 2.8 17.4 13.2

46.9 9.2 33.5 0.0 4.1 3.3 14.0 32.9

51.4 -1.3 48.7 0.0 4.0 3.4 2.3 49.1

49.8 6.3 41.6 0.0 1.9 1.6 7.4 42.4

112.0 67.5 37.4 0.0 7.1 4.7 20.5 91.5

74.4 12.0 58.7 0.0 3.7 1.6 19.4 55.0

163.7 103.5 57.6 0.0 2.6 1.9 6.6 157.1

16.6 8.2 0.0 0.0 8.4 1.3 12.8 3.8

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

5.6 0.3 0.0 0.3 5.3

0.5 0.5 0.2 1.4 -0.9

21.1 1.2 8.4 16.4 4.7

29.5 1.8 15.6 12.2 17.2

29.5 2.1 19.8 0.3 29.3

26.7 2.2 20.9 5.3 21.4

80.7 3.4 27.8 18.2 62.5

34.8 6.0 33.6 16.8 18.0

116.6 14.9 32.2 1.8 114.8

-43.7 18.4 41.9 9.1 -52.9

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0.0 .. 5.3 ..

.. 39.1 0.0 63.1 12.9 0.3

317.7 169.9 20.0 280.5 46.8 -81.5

352.1 222.3 21.0 294.6 50.8 -53.0

372.3 240.8 22.0 345.2 57.7 -84.3

371.9 200.7 22.0 320.9 63.9 -98.5

374.9 179.2 23.0 318.5 87.8 -116.2

388.2 171.4 23.0 354.6 83.2 -156.8

.. .. .. .. .. 35.6 .. 0.0 31.8 0.0

50.2 .. 6.0 2.0 .. 65.8 2.5 5.1 60.6 29.2

100.8 53.9 6.7 2.2 1.2 27.3 2.0 37.4 48.6 31.0

61.1 38.6 5.3 2.0 1.3 37.4 2.1 17.4 64.0 40.9

83.6 54.1 6.0 1.8 1.2 28.6 2.0 10.7 47.0 31.4

119.4 64.4 8.6 3.6 2.0 26.7 2.4 23.2 42.2 27.9

204.3 97.6 15.8 8.9 4.3 24.0 3.3 19.7 29.4 20.9

219.4 96.8 18.0 11.2 5.0 22.1 2.8 19.3 28.7 22.5

3. MAJOR ECONOMIC AGGREGATES 208.9 105.5 18.0 153.2 17.6 -46.2

288.7 143.6 20.0 233.0 42.7 -67.9

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

105.0 53.0 3.1 1.5 0.7 15.9 1.4 11.6 70.1 35.7

80.5 40.1 5.1 1.6 0.8 36.9 2.2 6.9 72.9 45.8

237 GRENADA (US$ million, unless otherwise indicated) 1970

1980

1990

14.9 14.9 5.0 0.0 0.0 5.0 4.8 10.0 10.0 0.0 0.0 0.0 0.0 0.0

15.8 15.8 13.3 5.7 4.7 7.5 7.2 2.6 2.1 0.0 0.5 0.0 0.0 0.0

97.9 97.9 95.0 39.5 36.6 55.4 41.0 2.9 0.0 0.7 2.2 0.0 0.0 0.0

0.0 0.0

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.8 5.8 0.3 0.0 0.0 0.3 0.1 5.6 5.6 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

107.7 107.7 101.7 52.9 46.5 48.8 37.9 6.0 0.0 0.0 6.0 0.0 0.0 0.0

107.2 107.2 100.8 53.1 46.6 47.6 36.6 6.4 0.0 0.0 6.4 0.0 0.0 0.0

112.1 112.1 105.1 55.5 48.8 49.6 38.1 7.0 0.0 2.5 4.5 0.0 0.0 0.0

179.8 179.8 116.8 63.3 53.1 53.5 41.7 63.0 0.0 58.8 4.2 0.0 0.0 0.0

183.9 183.9 125.0 66.7 53.5 58.2 47.6 58.9 0.0 56.2 2.7 0.0 0.0 0.0

294.1 294.1 131.5 76.4 62.1 55.0 45.5 162.6 100.0 57.8 4.8 0.0 0.0 0.0

299.1 299.1 132.5 84.4 67.3 48.1 40.5 166.6 100.0 63.0 3.6 0.0 0.0 0.0

0.0 5.5

0.0 7.1

0.0 8.2

0.4 9.3

2.2 9.6

3.4 9.2

4.2 16.2

6.4 19.3

1.0 1.0 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.8 14.8 14.3 2.9 2.9 11.4 11.2 0.5 0.0 0.0 0.5 0.0 0.0 0.0

14.3 14.3 14.3 4.2 3.4 10.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.2 6.2 3.8 2.7 2.1 1.1 0.9 2.5 0.0 0.0 2.5 0.0 0.0 0.0

13.7 13.7 11.2 5.7 4.7 5.5 4.4 2.5 0.0 2.5 0.0 0.0 0.0 0.0

77.6 77.6 19.8 11.7 7.0 8.1 7.2 57.8 0.0 56.6 1.2 0.0 0.0 0.0

21.9 21.9 21.9 7.4 3.5 14.6 14.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

115.9 115.9 12.1 12.0 10.2 0.1 0.1 103.8 100.0 3.8 0.0 0.0 0.0 0.0

19.8 19.8 12.2 12.1 8.9 0.1 0.1 7.6 0.0 7.6 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 1.0

0.0 0.3

0.0 0.9

0.4 1.4

1.9 0.8

1.1 0.1

0.8 6.1

2.2 1.6

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.9 0.9 0.3 0.0 0.0 0.3 0.2 0.6 0.6 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.1 1.0 0.8 0.1 0.0 0.2 0.0 0.1 0.1 0.0 0.0 0.0

5.0 5.0 4.4 2.4 2.0 2.0 1.7 0.6 0.0 0.1 0.5 0.0 0.0 0.0

7.5 7.5 5.5 2.9 2.3 2.6 2.4 2.1 0.0 0.0 2.1 0.0 0.0 0.0

7.4 7.4 5.7 3.0 2.2 2.7 2.2 1.7 0.0 0.0 1.7 0.0 0.0 0.0

10.0 10.0 6.3 3.2 2.1 3.2 2.6 3.7 0.0 2.4 1.3 0.0 0.0 0.0

9.9 9.9 6.2 3.1 2.2 3.1 1.9 3.7 0.0 2.6 1.1 0.0 0.0 0.0

12.4 12.4 8.1 3.6 2.8 4.5 3.3 4.3 0.0 2.3 2.1 0.0 0.0 0.0

11.6 11.6 7.7 3.3 2.1 4.4 2.2 3.8 0.0 2.4 1.4 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.8 5.8 0.3 0.0 0.0 0.3 0.1 5.6 5.6 0.0 0.0 0.0 0.0 0.0

0.1 0.1 0.7 1.0 0.0 -0.3 -0.2 -0.6 -0.6 0.0 0.0 0.0 0.0 0.0

13.5 13.5 13.2 1.8 2.0 11.4 11.2 0.3 0.0 -0.1 0.4 0.0 0.0 0.0

9.2 9.2 9.9 1.7 1.4 8.1 0.4 -0.6 0.0 -0.1 -0.5 0.0 0.0 0.0

-1.3 -1.3 -1.7 -0.2 -0.2 -1.5 -1.5 0.4 0.0 0.0 0.4 0.0 0.0 0.0

6.3 6.3 5.5 2.7 2.5 2.8 2.2 0.8 0.0 2.5 -1.7 0.0 0.0 0.0

67.5 67.5 13.5 8.5 4.9 4.9 4.7 54.1 0.0 54.2 -0.2 0.0 0.0 0.0

12.0 12.0 15.7 4.3 1.2 11.4 12.5 -3.7 0.0 -2.6 -1.1 0.0 0.0 0.0

103.5 103.5 4.0 8.4 7.4 -4.4 -3.1 99.5 100.0 1.6 -2.1 0.0 0.0 0.0

8.2 8.2 4.4 8.8 6.8 -4.3 -2.1 3.8 0.0 5.2 -1.4 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 1.0

0.0 0.3

0.0 0.9

0.4 1.3

1.9 0.7

1.1 0.0

0.8 6.0

2.2 1.5

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

238 GRENADA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0

0.5 0.5 0.3 0.2 0.2 0.1 0.0 0.2 0.2 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.0 1.0 1.0 0.0 0.0 0.2 0.0 0.2 0.0 0.0 0.0 0.0

1.8 1.8 1.8 1.2 1.2 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 1.5 1.2 0.6 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.1 1.6 1.3 0.5 0.4 0.1 0.0 0.0 0.1 0.0 0.0 0.0

3.4 3.4 2.3 1.1 0.8 1.3 0.8 1.1 0.0 1.1 0.0 0.0 0.0 0.0

6.0 6.0 2.6 1.6 1.0 1.0 0.6 3.4 0.0 3.3 0.1 0.0 0.0 0.0

14.9 14.9 4.8 1.9 1.3 2.9 2.4 10.1 4.5 5.5 0.1 0.0 0.0 0.0

18.4 18.4 3.7 2.1 1.2 1.6 1.2 14.7 9.4 5.3 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.0

0.0 0.1

0.2 0.1

0.2 0.1

0.3 0.1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5.6 5.6 0.3 0.0 0.0 0.3 0.1 5.3 5.3 0.0 0.0 0.0 0.0 0.0

-0.3 -0.3 0.4 0.8 -0.2 -0.4 -0.2 -0.7 -0.7 0.0 0.0 0.0 0.0 0.0

12.4 12.4 12.2 0.8 1.1 11.3 11.2 0.2 0.0 -0.3 0.4 0.0 0.0 0.0

7.4 7.4 8.1 0.5 0.2 7.6 -0.1 -0.7 0.0 -0.2 -0.5 0.0 0.0 0.0

-3.4 -3.4 -3.8 -1.7 -1.4 -2.1 -2.0 0.4 0.0 0.0 0.4 0.0 0.0 0.0

4.1 4.1 3.4 1.1 1.2 2.3 1.8 0.7 0.0 2.5 -1.8 0.0 0.0 0.0

64.1 64.1 11.1 7.4 4.1 3.7 3.9 52.9 0.0 53.1 -0.2 0.0 0.0 0.0

6.0 6.0 13.1 2.6 0.2 10.4 11.9 -7.1 0.0 -5.9 -1.2 0.0 0.0 0.0

88.6 88.6 -0.8 6.5 6.1 -7.3 -5.5 89.4 95.5 -4.0 -2.2 0.0 0.0 0.0

-10.2 -10.2 0.8 6.7 5.6 -5.9 -3.3 -11.0 -9.4 -0.2 -1.4 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.9

0.0 0.2

0.0 0.8

0.4 1.3

1.8 0.6

0.9 0.0

0.5 5.9

1.9 1.4

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0

1.3 1.3 0.6 0.2 0.2 0.4 0.2 0.7 0.7 0.0 0.0 0.0 0.0 0.0

2.4 2.4 2.1 2.0 1.8 0.1 0.0 0.3 0.0 0.3 0.1 0.0 0.0 0.0

6.8 6.8 6.2 3.7 3.2 2.5 2.2 0.7 0.0 0.2 0.5 0.0 0.0 0.0

9.6 9.6 7.5 4.4 3.5 3.2 2.9 2.1 0.0 0.0 2.1 0.0 0.0 0.0

9.6 9.6 7.8 4.6 3.5 3.2 2.7 1.8 0.0 0.0 1.8 0.0 0.0 0.0

13.5 13.5 8.7 4.2 2.9 4.4 3.4 4.8 0.0 3.5 1.3 0.0 0.0 0.0

16.0 16.0 8.9 4.7 3.2 4.1 2.5 7.1 0.0 5.9 1.2 0.0 0.0 0.0

27.3 27.3 12.9 5.5 4.1 7.4 5.6 14.4 4.5 7.8 2.2 0.0 0.0 0.0

30.0 30.0 11.4 5.4 3.4 6.0 3.4 18.6 9.4 7.7 1.4 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.2

0.2 0.1

0.2 0.1

0.3 0.2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

2.0 2.0 0.0

7.3 7.3 0.0

24.5 24.5 0.0

26.5 22.8 3.7

40.7 37.4 3.3

28.0 26.9 1.2

46.6 46.6 0.0

33.1 30.8 2.3

59.7 51.2 8.4

69.4 67.9 1.4

4.8 0.0 14.9 0.0

11.9 0.0 15.8 0.0

77.6 13.4 97.9 0.0

84.3 0.0 107.7 0.0

83.2 0.0 107.2 0.0

86.9 2.9 112.1 0.0

94.7 4.5 179.8 0.0

101.1 5.1 183.9 0.0

107.6 6.1 294.1 0.0

107.8 7.6 299.1 0.0

.. 0.0 0.7 0.0 6.3 0.0 78.7 2.0 1.9 10.3

1.4 .. .. 0.0 1.9 0.0 81.2 3.2 1.5 10.8

0.8 .. .. 0.0 2.0 0.0 87.5 2.4 0.9 6.4

1.0 .. .. 0.0 0.6 0.0 88.9 2.3 1.2 5.9

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0

.. 0.0 0.0 0.0 56.1 0.0 39.4 0.0 0.0 4.5

.. 0.0 0.0 0.0 34.5 0.0 57.3 0.0 2.8 5.5

.. 0.0 1.7 0.0 19.2 0.0 69.8 0.0 2.0 7.3

.. 0.0 1.8 0.0 16.5 0.0 72.0 0.1 2.1 7.6

.. 0.0 1.5 0.0 13.1 0.0 72.4 0.6 2.2 10.2

239 GRENADA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 0.0 1.4 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 6.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION 55.6 -35.5 .. 21.8 -24.0 -0.9 13.1 2.5 54.2 -35.1 .. 2.3 -6.1 0.6 1.0 .. 0.0 0.0 0.0 0.0 .. 0.0 -7.4 0.0 0.0 .. 6.3 -2.4 0.8 -1.4 .. 0.1 -10.6 0.0 0.0 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

65.7 63.4 2.0 0.0 0.0 -2.0 2.2

38.2 45.9 0.2 0.0 0.0 -1.1 -6.8

126.4 119.6 0.2 0.0 0.0 2.6 4.1

9.9 11.3 1.6 0.0 0.0 3.3 -6.3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 5.8 .. .. .. .. ..

7.4 12.7 12.7 17.0

1.6 14.3 4.6 43.8

4.6 16.6 2.4 29.7

4.9 13.2 0.5 22.4

4.4 20.9 5.6 36.9

6.9 5.7 1.2 8.1

4.5 18.0 7.2 35.7

1.9 19.0 3.0 46.4

3.4 13.0 9.3 42.2

3.5 20.9 5.8 43.6

0.0 29.5 29.5 94.0

1.6 14.3 4.6 43.8

4.6 16.6 2.4 29.7

4.7 14.4 0.3 24.3

4.4 20.9 5.6 36.9

0.0 0.0 0.0 0.0

3.8 24.4 7.2 45.8

0.9 23.6 3.6 57.9

3.3 24.1 7.2 48.8

3.5 21.2 5.7 44.2

7.5 12.5 12.5 16.1

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

5.3 10.5 1.0 18.2

0.0 0.0 0.0 0.0

6.9 5.7 1.2 8.1

5.0 13.4 7.2 28.4

5.0 5.6 1.1 13.1

3.4 9.9 9.9 40.3

7.6 10.0 10.0 14.9

6 7 16 12 18 2 97 0 7 16 8 18 0 41 6 0 0 4 0 2 57 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

9 7 2

141 31 110

26 25 1

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

15.7 17.4 10.9

15.8 14.2 10.7

11.5 12.4 10.6

8.8 12.6 10.3

6.3 13.4 10.0

4.3 13.3 9.6

2.8 13.3 9.1

2.0 13.2 8.6

1.0 121.3 6.7

0.6 9.7 4.1

15.0 11.7 4.4

15.3 9.6 4.5

11.3 8.6 4.5

8.7 8.9 4.4

6.3 10.3 4.3

4.3 10.4 4.0

2.8 10.4 3.7

2.0 10.2 3.4

1.0 10.0 3.0

0.6 9.7 2.7

2.0 6.1 1.8

2.8 4.5 1.6

1.9 3.2 1.5

1.3 3.2 1.4

0.7 3.7 1.3

0.4 3.6 1.2

0.2 3.6 1.0

0.1 3.5 0.9

0.0 3.1 0.7

0.0 2.8 0.6

13.0 5.6 2.6

12.5 5.1 2.9

9.5 5.4 3.0

7.4 5.7 3.0

5.5 6.6 3.0

3.9 6.7 2.8

2.5 6.7 2.7

1.9 6.8 2.5

1.0 6.9 2.3

0.6 7.0 2.1

0.7 5.7 6.4

0.5 4.5 6.3

0.2 3.9 6.1

0.1 3.7 5.9

0.0 3.2 5.7

0.0 3.0 5.6

0.0 3.0 5.4

0.0 3.0 5.3

0.0 111.3 3.6

0.0 0.0 1.3

0.7 4.0 3.4

0.5 3.7 3.2

0.2 3.5 3.0

0.1 3.3 2.9

0.0 3.0 2.7

0.0 3.0 2.6

0.0 3.0 2.4

0.0 3.0 2.3

0.0 11.3 2.1

0.0 0.0 1.3

0.0 1.7 3.1

0.0 0.8 3.1

0.0 0.4 3.0

0.0 0.4 3.0

0.0 0.2 3.0

0.0 0.0 3.0

0.0 0.0 3.0

0.0 0.0 3.0

0.0 100.0 1.5

0.0 0.0 0.0

240 GUATEMALA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

159 120 106 14 0 39 0 0 0 0 0 0 0

1,180 845 563 282 0 335 0 0 0 0 0 0 0

3,080 2,605 2,478 127 67 409 202 47 155 308 102 206 545

3,876 2,975 2,872 103 0 901 96 34 61 523 173 349 526

4,074 3,174 2,992 182 0 900 88 26 61 512 163 349 333

4,209 3,300 3,138 162 0 910 89 27 61 506 157 349 268

4,265 3,323 3,182 142 0 942 87 26 61 504 151 354 258

4,528 3,579 3,458 121 0 949 84 22 61 492 139 352 160

4,676 3,744 3,641 102 0 932 87 26 61 492 143 349 172

4,981 3,724 3,639 86 0 1,257 88 27 61 492 143 349 192

43 43 0 30 22 8 13 0 7 7 0 0 6 37 29 8 0

173 173 0 78 78 0 130 34 67 60 0 8 62 145 137 0 8

165 165 0 102 90 12 67 4 111 88 7 16 -45 214 179 19 16

361 361 0 201 201 0 170 10 152 106 0 46 18 353 307 0 46

268 268 0 195 195 0 80 7 183 137 0 46 -103 378 332 0 46

334 334 0 197 197 0 146 9 191 141 0 50 -45 388 338 0 50

239 239 0 196 196 0 77 34 212 162 0 50 -135 408 358 0 50

204 204 0 216 216 0 -2 10 220 172 0 49 -223 436 388 0 49

337 337 0 220 220 0 97 -20 185 151 0 34 -88 405 371 0 34

185 185 0 295 295 0 214 324 175 145 0 30 39 470 440 0 30

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

53 21 29 0 2 9 9 44

221 96 111 0 14 18 130 91

191 75 48 0 69 87 148 44

400 160 84 0 156 101 240 160

898 73 673 0 152 90 277 621

478 137 155 0 187 84 377 101

418 43 230 0 146 88 241 178

577 -12 456 0 134 122 174 403

380 117 111 0 152 126 319 61

155 -110 116 0 150 127 88 68

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

46 7 0 6 39

117 60 44 101 17

66 88 37 95 -29

130 106 164 153 -23

632 137 130 179 453

187 141 150 270 -83

8 162 248 120 -112

200 172 205 30 170

-57 151 287 189 -246

-308 145 319 -39 -269

1,866 .. 0 .. 79 ..

7,834 1,834 26 2,107 753 -163

18,135 4,022 466 5,297 1,252 -1,026

19,081 4,640 596 5,991 1,806 -1,050

20,871 4,814 634 6,472 2,352 -1,253

22,975 5,705 1,600 7,337 2,373 -1,235

24,380 6,392 2,147 7,799 2,925 -1,051

.. 8.5 .. .. 0.4 49.9 .. 24.5 21.2 20.7

64.3 15.1 7.9 3.7 0.9 63.8 4.3 28.4 21.1 30.9

104.7 23.2 9.6 4.7 1.1 29.7 2.8 21.6 31.7 34.1

91.9 22.4 8.8 4.6 1.1 42.3 3.6 22.1 31.7 35.6

94.0 21.7 9.1 4.6 1.1 52.0 4.4 21.0 32.1 38.3

82.0 20.4 7.1 3.2 0.8 50.8 3.9 19.9 31.0 41.9

77.9 20.4 7.4 2.7 0.7 58.7 4.5 25.2 28.7 40.7

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

7,494 1,695 119 2,028 362 -213

17,560 3,672 408 4,504 1,173 -634

19,224 4,035 457 5,323 1,397 -1,039

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

181.7 41.1 12.6 6.6 1.5 11.7 2.1 13.3 22.5 33.7

105.5 22.1 9.6 4.1 0.9 30.3 3.1 23.2 33.2 27.7

101.0 21.2 9.4 4.5 1.0 34.3 3.1 22.1 32.5 29.9

241 GUATEMALA (US$ million, unless otherwise indicated) 1970

1980

1990

120 106 54 33 13 21 21 52 14 36 3 14 0 14

845 563 548 364 153 183 96 15 0 14 1 282 0 282

2,605 2,478 1,702 1,039 335 663 359 776 190 166 420 127 0 127

14 0

144 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

43 37 12 9 5 2 2 25 0 25 0 6 0 6

1997

1998

1999

2000

2001

2002

2003

2,975 2,872 2,173 1,074 384 1,099 903 699 337 116 245 103 0 103

3,174 2,992 2,330 1,217 389 1,112 936 662 307 114 242 182 0 182

3,300 3,138 2,510 1,434 419 1,076 916 628 276 111 241 162 0 162

3,323 3,182 2,586 1,519 429 1,068 922 595 245 111 239 142 0 142

3,579 3,458 2,895 1,733 439 1,162 1,015 563 215 111 237 121 0 121

3,744 3,641 3,111 1,960 439 1,150 1,010 531 182 111 238 102 0 102

3,724 3,639 3,139 2,030 456 1,109 976 500 150 111 238 86 0 86

293 0

188 0

203 0

258 0

296 0

330 0

400 0

428 0

173 141 128 80 35 48 23 13 0 13 0 32 0 32

165 158 128 68 20 59 54 30 0 14 16 7 0 7

361 361 211 136 20 74 56 150 150 0 0 0 0 0

268 268 267 202 19 65 63 1 0 0 1 0 0 0

334 334 333 292 38 42 41 1 0 0 1 0 0 0

239 239 239 172 24 67 67 0 0 0 0 0 0 0

204 204 204 188 20 15 15 0 0 0 0 0 0 0

337 337 337 326 16 11 11 0 0 0 0 0 0 0

185 185 184 166 8 18 18 0 0 0 0 0 0 0

4 0

39 0

16 0

16 0

28 0

70 0

51 0

46 0

83 0

45 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

22 20 5 3 0 2 2 15 8 6 1 2 0 2

78 15 12 12 1 1 1 3 0 1 2 62 0 62

90 87 49 28 6 21 2 39 11 24 4 3 0 3

201 183 127 71 14 56 25 56 44 8 4 18 0 18

195 180 142 74 15 68 45 38 31 3 5 15 0 15

197 177 143 82 15 61 47 34 31 2 1 20 0 20

196 176 144 81 17 62 50 32 31 0 2 20 0 20

216 196 164 102 19 61 48 32 31 0 2 20 0 20

220 201 171 112 20 59 50 31 31 0 0 19 0 19

295 278 246 142 28 104 94 32 32 0 0 17 0 17

2 0

4 0

5 0

12 0

14 0

15 0

13 0

12 0

13 0

18 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

21 17 7 6 5 1 1 10 -8 19 -1 4 0 4

96 126 116 69 33 47 23 10 0 11 -2 -30 0 -30

75 71 79 40 14 38 52 -8 -11 -10 12 4 0 4

160 178 84 66 6 19 31 94 106 -8 -4 -18 0 -18

73 88 125 128 4 -3 18 -37 -31 -3 -4 -15 0 -15

137 157 191 210 23 -20 -6 -33 -31 -2 0 -20 0 -20

43 63 95 91 7 4 17 -32 -31 0 -2 -20 0 -20

-12 8 40 86 0 -46 -33 -32 -31 0 -2 -20 0 -20

117 136 167 214 -4 -47 -38 -31 -31 0 0 -19 0 -19

-110 -94 -62 24 -20 -86 -76 -32 -32 0 0 -17 0 -17

2 0

35 0

11 0

4 0

14 0

55 0

38 0

35 0

70 0

27 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

242 GUATEMALA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

7 6 3 2 0 1 1 4 1 2 0 1 0 1

60 30 29 20 3 9 3 0 0 0 0 30 0 30

88 78 52 33 4 19 4 26 18 5 3 10 0 10

106 103 88 56 7 32 25 15 13 1 1 4 0 4

137 126 98 60 8 38 28 28 27 0 1 11 0 11

141 132 107 73 8 34 29 25 24 0 0 9 0 9

162 143 121 87 9 33 29 23 22 0 0 19 0 19

172 164 144 104 9 40 34 20 20 0 0 8 0 8

151 146 130 98 9 32 29 16 16 0 0 5 0 5

145 141 127 95 10 32 30 14 14 0 0 4 0 4

1 0

11 0

3 0

14 0

12 0

16 0

21 0

22 0

22 0

19 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

14 11 4 5 4 0 0 6 -10 17 -1 3 0 3

36 96 86 48 31 38 19 10 0 11 -2 -60 0 -60

-13 -8 26 7 10 19 49 -34 -28 -15 9 -6 0 -6

53 75 -3 10 -1 -13 6 79 93 -9 -5 -22 0 -22

-63 -38 27 68 -4 -41 -10 -65 -58 -3 -5 -25 0 -25

-4 25 83 137 15 -54 -35 -58 -55 -3 -1 -29 0 -29

-119 -80 -25 3 -2 -29 -13 -55 -53 0 -2 -39 0 -39

-184 -156 -104 -18 -9 -86 -67 -52 -50 0 -2 -28 0 -28

-34 -10 37 116 -13 -79 -67 -46 -46 0 0 -24 0 -24

-255 -235 -189 -70 -30 -118 -106 -46 -46 0 0 -20 0 -20

1 0

24 0

8 0

-10 0

2 0

40 0

17 0

12 0

47 0

8 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

29 26 7 4 0 3 3 19 10 8 1 3 0 3

137 45 42 32 4 10 4 3 0 1 2 92 0 92

179 166 101 61 10 40 6 64 28 29 7 13 0 13

307 285 214 126 21 88 50 71 57 9 5 22 0 22

332 306 240 133 23 106 73 66 58 3 6 25 0 25

338 309 250 155 23 95 76 59 55 3 1 29 0 29

358 319 264 168 26 96 79 55 53 0 2 39 0 39

388 360 308 207 29 101 82 52 50 0 2 28 0 28

371 347 301 210 29 91 79 46 46 0 0 24 0 24

440 419 373 237 38 137 124 46 46 0 0 20 0 20

3 0

15 0

9 0

26 0

26 0

30 0

34 0

34 0

36 0

36 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

69 59 10

507 397 110

827 766 61

672 671 2

840 839 1

1,055 1,055 0

895 895 0

855 855 0

1,173 1,165 8

1,136 1,128 8

34 25 106 15

249 296 563 282

694 409 2,475 130

1,287 702 2,872 103

1,325 875 2,992 182

1,335 1,011 3,138 162

1,351 1,045 3,182 142

1,454 1,167 3,458 121

1,449 1,377 3,641 102

1,431 1,418 3,639 86

.. 2.8 1.4 2.3 0.0 0.1 78.5 14.8 0.1 0.0

3.9 .. .. 3.9 0.0 0.1 79.4 12.3 0.4 0.0

4.1 .. .. 4.1 0.0 0.1 80.4 11.0 0.4 0.0

4.6 .. .. 4.7 0.0 0.1 79.2 11.1 0.4 0.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 76.2 23.8 0.0 0.0

.. 0.0 0.0 0.0 0.0 0.0 19.3 80.6 0.0 0.1

.. 1.6 0.7 0.0 0.0 0.0 56.1 41.1 0.0 0.4

.. 3.0 1.7 2.4 0.0 0.3 65.6 26.9 0.1 0.0

.. 3.4 1.7 2.5 0.0 0.3 73.0 19.1 0.1 0.0

.. 2.9 1.5 2.6 0.0 0.2 75.6 17.1 0.1 0.0

243 GUATEMALA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 30 0 0 0 .. 8 0 0 0 .. 13 0 0 0 .. 13 0 0 0 .. 0 0 0 0 .. 7 0 0 0 .. 7 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 430 103 198 136 130 67 170 80 146 -8 1 .. 81 -5 .. 7 0 0 0 .. 0 0 0 0 .. 36 -72 23 -14 .. 239 10 103 3 9. AVERAGE TERMS OF NEW COMMITMENTS

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

56 77 -2 0 0 -29 10

262 -2 -3 0 0 -27 295

148 97 3 0 0 49 -2

306 214 1 0 0 56 35

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 13 .. .. .. .. ..

5.5 25.8 6.3 36.0

7.9 15.5 3.9 10.9

5.9 17.8 4.7 27.2

7.2 15.6 6.7 17.2

6.1 19.2 4.5 24.5

6.7 21.3 4.4 22.3

7.2 19.2 4.7 17.3

6.8 22.5 4.3 20.8

4.5 19.6 5.0 35.2

6.2 19.8 4.2 23.5

3.0 39.4 10.6 61.0

7.3 17.7 3.5 14.3

4.9 22.6 6.2 36.1

6.5 18.6 5.0 21.3

6.1 19.2 4.5 24.5

6.7 21.3 4.4 22.3

7.2 19.2 4.7 17.3

6.8 22.5 4.3 20.8

4.5 19.6 5.0 35.1

6.2 19.8 4.2 23.5

8.5 9.7 1.2 6.6

8.5 13.2 4.2 7.5

8.8 4.0 0.5 1.7

8.5 10.0 10.0 9.2

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

3.5 19.5 5.0 42.4

0.0 0.0 0.0 0.0

50 247 146 441 441 554 87 27 124 108 291 441 554 87 23 123 38 150 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

201 201 0

672 664 8

152 152 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

430 319 155

283 308 154

183 310 148

114 456 139

60 326 114

36 315 100

18 291 87

7 264 75

5 237 64

2 182 55

426 303 138

280 293 139

182 296 133

113 293 124

60 316 113

36 305 99

18 282 86

7 264 75

5 237 64

2 182 55

31 102 30

22 104 27

13 100 24

7 97 21

4 85 18

3 80 15

2 75 13

1 71 11

1 64 8

0 28 7

395 201 109

258 189 112

169 195 110

106 196 104

56 231 95

33 225 84

16 207 73

6 193 64

4 172 56

2 154 49

4 16 16

3 15 16

1 14 15

0 163 14

0 11 1

0 10 1

0 9 0

0 1 0

0 1 0

0 1 0

4 0 0

3 0 0

1 0 0

0 0 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 16 16

0 15 15

0 14 15

0 163 14

0 10 1

0 10 0

0 9 0

0 0 0

0 0 0

0 0 0

244 GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

328 319 319 0 3 5 5 2 3 17 9 7 0

1,133 1,019 1,019 0 35 80 29 23 5 105 89 15 0

2,476 2,253 2,253 0 51 172 55 49 6 190 164 26 352

3,519 3,009 3,009 0 99 411 98 88 10 471 407 64 152

3,546 3,126 3,126 0 127 293 99 96 3 467 452 15 139

3,522 3,061 3,061 0 127 334 106 102 4 515 491 24 114

3,388 2,940 2,940 0 113 335 118 114 4 566 537 29 109

3,254 2,844 2,844 0 123 287 111 107 4 552 524 29 109

3,401 2,972 2,972 0 139 289 110 106 4 554 525 29 142

3,457 3,154 3,154 0 136 166 110 106 4 555 527 29 156

98 94 4 11 11 0 87 0 4 4 0 0 83 15 15 0 0

129 121 8 76 74 1 22 -31 33 23 1 9 -11 109 98 2 9

196 196 0 110 96 14 86 0 59 53 2 4 27 169 149 16 4

264 232 32 100 89 10 403 238 55 45 0 10 348 155 134 11 10

180 148 32 104 94 9 -43 -120 55 43 1 12 -99 159 137 10 12

106 95 11 73 66 7 68 35 55 44 1 11 13 128 110 8 11

70 70 0 98 90 8 -41 -12 57 41 1 15 -97 155 131 9 15

122 95 26 68 60 9 14 -40 37 29 0 7 -23 105 89 9 7

66 49 17 89 79 10 -21 2 36 31 1 3 -57 125 111 11 3

52 52 0 97 84 13 -167 -123 34 30 1 4 -202 131 114 13 4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

84 83 0 0 2 4 79 6

73 47 1 0 25 19 26 47

211 100 18 0 93 61 212 -1

285 142 17 0 125 49 288 -3

244 54 18 0 172 49 237 7

251 29 63 0 158 54 188 63

101 -20 10 0 112 51 91 10

185 36 2 0 148 53 184 2

173 -30 30 0 173 56 143 30

213 -32 79 0 166 69 134 79

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

80 4 0 76 5

49 23 0 5 44

97 53 61 165 -68

194 45 46 246 -52

141 43 60 194 -53

175 44 32 144 31

52 41 8 50 1

110 29 46 154 -44

140 31 1 111 29

104 30 79 104 0

3,460 817 5 1,088 237 -154

3,377 780 6 1,053 200 -201

3,035 759 1 973 148 -140

2,976 854 9 994 200 -60

3,170 820 15 1,051 171 -200

3,599 867 111 1,076 .. -185

434.0 102.5 19.5 6.8 1.6 6.7 2.6 8.3 74.7 47.6

451.8 104.3 16.4 7.1 1.6 5.7 2.3 9.5 74.3 47.7

446.4 111.6 20.4 7.5 1.9 4.4 1.8 9.9 74.9 47.7

381.1 109.4 12.3 4.3 1.2 6.2 2.4 8.8 76.4 48.8

414.6 107.3 15.2 4.4 1.1 5.0 2.0 8.5 76.9 50.2

398.9 96.1 15.1 4.0 1.0 .. .. 4.8 80.6 54.2

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0 .. .. ..

.. .. 0 .. .. ..

.. .. .. .. .. .. .. 1.5 75.1 6.2

.. .. .. .. .. .. .. 7.0 59.8 11.5

2,665 841 0 1,115 .. -203

3,661 749 1 955 122 -91

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

294.3 92.9 20.0 7.0 2.2 .. .. 6.9 67.7 27.4

469.5 96.1 20.7 7.3 1.5 3.5 1.5 11.7 70.5 44.2

245 GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

319 319 279 20 0 259 246 40 0 0 40 0 0 0

1,019 1,019 860 130 63 731 615 158 0 9 150 0 0 0

2,253 2,253 2,144 678 602 1,467 1,073 108 0 24 84 0 0 0

20 0

55 32

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

94 94 83 15 0 68 57 10 0 0 10 0 0 0

1997

1998

1999

2000

2001

2002

2003

3,009 3,009 2,933 1,555 1,299 1,378 1,181 76 0 12 63 0 0 0

3,126 3,126 3,097 1,688 1,448 1,408 1,200 30 0 0 30 0 0 0

3,061 3,061 3,032 1,679 1,459 1,352 1,159 29 0 0 29 0 0 0

2,940 2,940 2,911 1,615 1,419 1,296 1,117 29 0 0 29 0 0 0

2,844 2,844 2,815 1,589 1,425 1,226 1,060 29 0 0 29 0 0 0

2,972 2,972 2,944 1,708 1,551 1,236 1,063 29 0 0 29 0 0 0

3,154 3,154 3,125 1,873 1,714 1,253 1,071 29 0 0 29 0 0 0

28 392

0 922

0 1,016

0 1,014

0 982

0 1,003

0 1,096

0 1,212

121 121 64 34 31 30 24 57 0 4 53 0 0 0

196 196 196 90 85 106 105 0 0 0 0 0 0 0

232 232 212 194 160 18 13 20 0 0 20 0 0 0

148 148 142 135 115 7 3 7 0 0 7 0 0 0

95 95 95 84 66 11 10 0 0 0 0 0 0 0

70 70 70 70 60 0 0 0 0 0 0 0 0 0

95 95 95 95 91 0 0 0 0 0 0 0 0 0

49 49 49 49 47 0 0 0 0 0 0 0 0 0

52 52 52 52 47 0 0 0 0 0 0 0 0 0

15 0

0 10

0 52

0 109

0 66

0 29

0 29

0 70

0 32

0 33

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 11 6 0 0 6 6 5 0 0 5 0 0 0

74 74 63 14 0 49 43 11 0 0 11 0 0 0

96 96 77 21 6 56 48 19 0 7 11 0 0 0

89 89 49 33 15 16 14 40 0 11 30 0 0 0

94 94 77 61 15 16 16 17 0 17 0 0 0 0

66 66 65 47 25 18 18 0 0 0 0 0 0 0

90 90 90 51 29 39 9 0 0 0 0 0 0 0

60 60 59 33 22 27 24 0 0 0 0 0 0 0

79 79 79 36 21 43 41 0 0 0 0 0 0 0

84 84 84 39 22 45 44 0 0 0 0 0 0 0

0 0

3 0

12 1

0 4

0 5

0 10

0 11

0 8

0 4

0 7

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

83 83 77 15 0 62 51 6 0 0 6 0 0 0

47 47 1 20 31 -19 -19 46 0 4 42 0 0 0

100 100 119 68 80 51 57 -19 0 -7 -11 0 0 0

142 142 163 160 145 3 -1 -20 0 -11 -10 0 0 0

54 54 64 74 99 -10 -12 -10 0 -17 6 0 0 0

29 29 30 37 42 -7 -8 0 0 0 0 0 0 0

-20 -20 -20 19 31 -39 -9 0 0 0 0 0 0 0

36 36 36 63 69 -27 -24 0 0 0 0 0 0 0

-30 -30 -30 13 26 -43 -41 0 0 0 0 0 0 0

-32 -32 -32 14 24 -45 -44 0 0 0 0 0 0 0

15 0

-3 10

-12 51

0 105

0 61

0 19

0 17

0 63

0 28

0 26

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

246 GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

4 4 3 1 0 2 2 1 0 0 1 0 0 0

23 23 21 8 0 13 12 2 0 0 2 0 0 0

53 53 47 12 5 35 23 6 0 5 1 0 0 0

45 45 42 24 11 17 12 3 0 2 1 0 0 0

43 43 43 25 11 18 13 0 0 0 0 0 0 0

44 44 44 26 15 18 10 0 0 0 0 0 0 0

41 41 41 24 13 17 9 0 0 0 0 0 0 0

29 29 29 19 12 10 7 0 0 0 0 0 0 0

31 31 31 22 13 9 8 0 0 0 0 0 0 0

30 30 30 21 14 9 8 0 0 0 0 0 0 0

1 0

6 0

2 2

0 6

0 6

0 9

0 7

0 7

0 7

0 8

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

79 79 74 14 0 60 49 5 0 0 5 0 0 0

24 24 -20 12 31 -32 -31 44 0 3 40 0 0 0

47 47 72 57 74 15 34 -25 0 -13 -12 0 0 0

98 98 121 136 134 -15 -13 -23 0 -13 -11 0 0 0

11 11 21 49 89 -28 -25 -10 0 -17 6 0 0 0

-15 -15 -15 11 27 -25 -18 0 0 0 0 0 0 0

-62 -62 -61 -6 18 -56 -18 0 0 0 0 0 0 0

6 6 7 43 57 -37 -31 0 0 0 0 0 0 0

-62 -62 -61 -9 13 -52 -49 0 0 0 0 0 0 0

-62 -62 -62 -8 10 -54 -51 0 0 0 0 0 0 0

14 0

-9 10

-14 49

0 99

0 55

0 10

0 10

0 56

0 22

0 18

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

15 15 9 1 0 8 8 6 0 0 6 0 0 0

98 98 84 22 0 62 55 14 0 1 13 0 0 0

149 149 124 33 11 91 71 25 0 13 12 0 0 0

134 134 91 58 25 33 26 44 0 13 31 0 0 0

137 137 120 86 26 34 29 17 0 17 0 0 0 0

110 110 110 73 40 37 28 0 0 0 0 0 0 0

131 131 131 76 42 56 18 0 0 0 0 0 0 0

89 89 89 52 34 37 31 0 0 0 0 0 0 0

111 111 110 58 35 52 49 0 0 0 0 0 0 0

114 114 114 60 36 54 51 0 0 0 0 0 0 0

1 0

9 0

14 3

0 10

0 11

0 19

0 18

0 15

0 11

0 14

196 173 24

527 412 115

1,183 1,182 0

476 469 7

356 356 0

263 263 0

250 250 0

332 332 0

327 327 0

278 278 0

246 0 319 0

678 3 1,019 0

1,675 173 2,253 0

2,479 18 3,009 0

2,649 5 3,126 0

2,618 5 3,061 0

2,536 5 2,940 0

2,485 4 2,844 0

2,614 4 2,972 0

2,785 4 3,154 0

.. 0.5 6.3 2.8 0.6 0.2 54.1 7.5 1.6 26.5

8.5 .. .. 2.2 0.6 0.2 56.2 7.3 1.6 23.4

8.8 .. .. 2.2 0.6 0.2 57.1 7.6 1.7 21.9

9.1 .. .. 2.2 0.5 0.2 57.8 7.9 1.7 20.7

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 7.1 5.1 0.0 4.0 0.0 16.0 6.4 0.0 61.4

.. 5.1 11.3 0.1 4.1 0.8 28.2 5.5 0.0 44.9

.. 1.3 14.9 2.2 1.8 0.6 33.1 7.6 0.6 38.0

.. 0.6 8.3 2.6 0.9 0.3 51.5 7.4 1.2 27.1

.. 0.6 7.9 2.7 0.8 0.3 51.8 7.6 1.5 26.7

.. 0.5 6.7 3.0 0.7 0.2 53.3 7.7 1.6 26.4

247 GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

39 0 14 14 0 6 6 0 4 2 0 0

0 0 0 0 0 0 0 0 0 0 0 0

14 0 5 5 0 3 3 0 36 15 0 0

5 0 3 3 0 3 3 0 31 14 0 0

5 0 2 2 0 3 3 0 28 14 0 0

-23 68 6 6 -4 -69 -31

-135 -41 13 0 0 -97 -9

-134 14 -8 3 -36 -72 -35

147 -21 0 3 -31 141 55

56 -167 0 3 -28 168 80

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 87 .. .. .. .. ..

.. 110 83 22 .. 0 0 0 .. 71 24 15 .. 71 24 15 .. 0 0 0 .. 0 11 7 .. 0 11 7 .. 0 0 0 .. 2 7 5 .. 0 3 2 .. 0 0 130 .. 0 0 17 8. DEBT STOCK-FLOW RECONCILIATION .. 300 279 27 22 86 403 -43 -4 1 .. 25 .. 0 11 7 .. -2 -7 -118 .. 106 -206 -10 82 190 .. 85 9. AVERAGE TERMS OF NEW COMMITMENTS

2.9 12.9 5.2 40.1

4.6 19.3 5.6 36.2

2.6 30.5 8.2 59.5

0.6 43.0 10.4 83.1

1.4 37.2 9.0 69.7

1.0 37.4 9.7 76.8

1.3 38.1 9.1 73.3

0.8 42.1 10.4 81.3

0.8 47.7 10.3 82.7

1.0 45.4 9.7 78.8

0.9 15.0 7.0 55.5

3.4 22.8 6.6 46.5

2.6 30.5 8.2 59.5

0.6 43.0 10.4 83.1

1.4 37.2 9.0 69.7

1.0 37.4 9.7 76.8

1.3 38.1 9.1 73.3

0.8 42.1 10.4 81.3

0.8 47.7 10.3 82.7

1.0 45.4 9.7 78.8

6.2 9.5 2.5 15.6

7.9 9.8 3.0 8.0

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 0.0

68 269 487 135 24 58 76 42 197 487 135 24 58 76 26 72 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

186 186 0

24 24 0

15 15 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

44 123 47

53 108 45

47 108 42

41 104 39

34 104 37

21 108 35

15 111 32

9 111 30

6 107 27

3 107 25

44 123 47

53 108 45

47 108 42

41 104 39

34 104 37

21 108 35

15 111 32

9 111 30

6 107 27

3 107 25

0 58 23

0 43 23

0 41 21

0 40 20

0 38 19

0 39 18

0 38 17

0 36 15

0 37 14

0 38 13

44 65 24

53 66 22

47 66 21

41 64 19

34 66 18

21 69 17

15 73 15

9 76 14

6 70 13

3 69 12

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 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

248 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

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

139.6 133.1 133.1 0.0 1.4 5.1 1.1 1.1 0.0 4.5 2.7 1.8

692.1 630.4 630.4 0.0 5.3 56.5 29.9 27.5 2.4 112.8 107.0 5.9

921.3 838.4 838.4 0.0 12.2 70.7 62.7 62.7 0.0 161.6 161.3 0.3

965.6 874.3 874.3 0.0 15.4 76.0 71.9 71.8 0.1 176.9 176.5 0.4

933.7 834.2 834.2 0.0 17.3 82.2 79.1 79.0 0.1 199.7 199.2 0.5

804.4 715.5 715.5 0.0 24.7 64.2 51.2 51.1 0.1 114.7 114.1 0.6

668.3 627.2 627.2 0.0 23.2 17.9 7.8 7.8 0.0 27.5 27.5 0.0

699.4 662.3 662.3 0.0 23.4 13.7 7.7 7.7 0.0 26.7 26.7 0.0

745.1 712.5 712.5 0.0 20.5 12.1 8.1 8.1 0.0 27.4 27.4 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

74.7 74.7 0.0 3.0 3.0 0.0 72.7 1.0 1.6 1.1 0.1 0.5 71.0 4.6 4.1 0.1 0.5

36.5 36.5 0.0 2.3 2.3 0.0 45.7 11.6 6.1 3.4 0.0 2.7 39.6 8.4 5.7 0.0 2.7

36.5 30.3 6.1 6.1 5.0 1.0 26.9 -3.5 3.6 3.0 0.1 0.5 23.3 9.7 8.1 1.1 0.5

17.7 14.5 3.2 7.0 6.4 0.6 6.7 -3.9 5.1 4.7 0.1 0.3 1.5 12.2 11.2 0.7 0.3

5.0 2.1 2.9 4.0 3.4 0.6 0.0 -1.0 5.1 4.8 0.1 0.2 -5.1 9.1 8.1 0.7 0.2

22.2 13.6 8.6 9.6 9.4 0.2 22.5 10.0 10.3 9.6 0.3 0.5 12.2 20.0 19.0 0.5 0.5

5.9 5.9 0.0 13.4 13.4 0.0 -10.4 -2.9 9.9 9.2 0.3 0.5 -20.3 23.3 22.5 0.3 0.5

6.0 6.0 0.0 7.3 5.7 1.5 -5.3 -4.1 3.8 3.2 0.2 0.3 -9.1 11.0 8.9 1.8 0.3

19.5 19.5 0.0 10.7 5.8 4.8 6.8 -2.0 4.5 4.1 0.2 0.2 2.3 15.2 9.9 5.0 0.2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

108.4 71.7 0.0 0.0 36.7 12.1 90.6 17.8

96.4 34.2 2.0 0.0 60.2 21.4 94.5 1.9

89.0 25.3 11.5 0.0 52.2 40.3 77.5 11.5

60.8 8.0 4.4 0.0 48.3 31.6 56.4 4.4

48.5 -1.3 8.6 0.0 41.2 12.6 39.9 8.6

55.3 4.2 0.7 0.0 50.4 13.0 54.6 0.7

30.2 -7.5 0.7 0.0 37.0 15.3 29.5 0.7

40.8 0.3 1.0 0.6 38.9 17.5 39.2 1.6

124.9 13.6 2.1 0.0 109.2 18.9 122.8 2.1

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

107.3 1.1 0.0 90.4 16.9

93.0 3.4 0.0 91.3 1.7

85.9 3.0 0.0 74.4 11.5

56.0 4.7 0.0 51.6 4.4

43.8 4.8 0.0 35.2 8.6

45.7 9.6 0.0 45.0 0.7

21.1 9.2 0.0 20.4 0.7

36.8 3.2 0.7 35.9 0.9

120.8 4.1 0.0 118.7 2.1

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

104.8 .. 0.0 .. .. ..

233.3 27.1 1.0 110.5 18.2 -45.3

192.4 .. 2.0 .. 35.8 ..

210.1 .. 2.0 .. 35.3 ..

203.1 .. 2.0 .. 66.7 ..

183.0 77.5 10.0 104.6 69.5 -11.1

194.9 79.6 18.0 96.0 102.7 -1.3

228.1 93.8 18.0 97.4 164.4 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

.. 133.3 .. .. 1.6 .. .. 3.6 62.0 24.5

2,554.0 296.6 31.1 22.5 2.6 2.6 2.0 8.2 56.7 39.5

.. 502.0 .. .. 2.7 3.7 .. 7.9 72.3 42.5

.. 444.5 .. .. 2.4 3.8 .. 8.8 71.6 42.7

.. 396.1 .. .. 5.1 8.3 .. 8.0 75.4 48.6

862.7 365.1 30.1 12.8 5.4 10.4 8.0 2.7 85.1 54.6

879.1 358.9 13.9 4.7 1.9 14.7 12.8 2.0 86.8 55.8

794.7 326.6 16.2 4.8 2.0 22.1 20.2 1.6 89.5 58.6

3. MAJOR ECONOMIC AGGREGATES 253.9 58.9 2.0 102.9 33.7 -6.4

4. DEBT INDICATORS 1,565.2 362.9 16.4 6.1 1.4 3.7 3.9 7.7 72.2 42.0

249 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

133.1 133.1 96.9 34.2 29.0 62.7 57.6 36.2 0.0 2.1 34.0 0.0 0.0 0.0

630.4 630.4 597.4 273.3 244.3 324.1 148.2 32.9 0.0 0.0 32.9 0.0 0.0 0.0

.. ..

0.0 4.7

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

838.4 838.4 837.6 386.9 371.9 450.6 293.6 0.8 0.0 0.0 0.8 0.0 0.0 0.0

874.3 874.3 873.5 410.1 395.1 463.4 302.6 0.8 0.0 0.0 0.8 0.0 0.0 0.0

834.2 834.2 833.4 398.3 384.4 435.1 283.7 0.8 0.0 0.0 0.8 0.0 0.0 0.0

715.5 715.5 714.7 390.5 377.4 324.2 229.3 0.8 0.0 0.0 0.8 0.0 0.0 0.0

627.2 627.2 627.1 364.7 356.2 262.4 212.7 0.1 0.0 0.0 0.1 0.0 0.0 0.0

662.3 662.3 662.3 390.6 382.7 271.7 224.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

712.5 712.5 712.5 436.4 429.0 276.1 237.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 145.5

0.0 220.7

0.0 233.5

0.0 227.9

0.0 227.6

0.0 219.9

0.0 237.1

0.0 267.3

74.7 74.7 54.1 29.5 24.3 24.7 24.2 20.5 0.0 0.0 20.5 0.0 0.0 0.0

36.5 36.5 36.5 30.3 30.3 6.2 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

30.3 30.3 30.3 30.3 30.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.5 14.5 14.5 14.5 14.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 2.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.6 13.6 13.6 13.6 13.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.9 5.9 5.9 5.9 5.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.0 6.0 6.0 6.0 6.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

19.5 19.5 19.5 19.5 19.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 4.2

0.0 15.5

0.0 17.7

0.0 5.3

0.0 2.1

0.0 13.6

0.0 3.9

0.0 3.8

0.0 11.7

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

3.0 3.0 0.2 0.0 0.0 0.2 0.0 2.8 0.0 0.4 2.4 0.0 0.0 0.0

2.3 2.3 2.3 1.5 0.6 0.8 0.3 0.1 0.0 0.0 0.1 0.0 0.0 0.0

5.0 5.0 5.0 3.5 2.9 1.6 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.4 6.4 6.4 6.4 5.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.4 3.4 3.4 3.4 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.4 9.4 9.4 2.7 2.7 6.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.4 13.4 13.4 4.1 3.0 9.2 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.7 5.7 5.7 1.6 0.4 4.2 4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.8 5.8 5.8 1.8 0.4 4.1 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 1.3

0.0 0.5

0.0 2.7

0.0 2.4

0.0 1.5

0.0 0.0

0.0 0.1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

71.7 71.7 53.9 29.5 24.3 24.5 24.2 17.8 0.0 -0.4 18.1 0.0 0.0 0.0

34.2 34.2 34.2 28.8 29.7 5.4 5.9 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

25.3 25.3 25.3 26.9 27.4 -1.6 -1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.0 8.0 8.0 8.0 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.3 -1.3 -1.3 -1.3 -1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 10.9 11.0 -6.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-7.5 -7.5 -7.5 1.7 2.9 -9.2 -2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.3 4.4 5.6 -4.2 -4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.6 13.6 13.6 17.7 19.1 -4.1 -4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 4.2

0.0 15.4

0.0 16.4

0.0 4.8

0.0 -0.6

0.0 11.3

0.0 2.4

0.0 3.8

0.0 11.6

5. LONG-TERM DEBT

250 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1.1 1.1 0.3 0.0 0.0 0.2 0.2 0.8 0.0 0.1 0.7 0.0 0.0 0.0

3.4 3.4 3.1 2.6 1.8 0.6 0.3 0.3 0.0 0.0 0.3 0.0 0.0 0.0

3.0 3.0 3.0 2.9 2.7 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.7 4.7 4.7 2.2 1.8 2.5 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 2.6 2.6 2.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.6 9.6 9.6 1.7 1.7 7.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.2 9.2 9.2 1.0 0.9 8.1 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.2 3.2 3.2 0.6 0.5 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.1 4.1 4.1 1.5 1.4 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 1.1

0.0 1.8

0.0 0.8

0.0 2.5

0.0 1.6

0.0 0.8

0.0 0.4

0.0 0.9

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

70.6 70.6 53.7 29.4 24.3 24.2 24.0 16.9 0.0 -0.5 17.4 0.0 0.0 0.0

30.8 30.8 31.1 26.2 27.9 4.9 5.7 -0.3 0.0 0.0 -0.3 0.0 0.0 0.0

22.2 22.2 22.2 23.9 24.7 -1.7 -1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 5.8 7.0 -2.5 -2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-6.0 -6.0 -6.0 -3.9 -3.8 -2.1 -2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-5.3 -5.3 -5.3 9.2 9.3 -14.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-16.7 -16.7 -16.7 0.7 2.0 -17.4 -6.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-2.9 -2.9 -2.9 3.8 5.1 -6.8 -6.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.5 9.5 9.5 16.2 17.7 -6.7 -6.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 4.2

0.0 14.2

0.0 14.6

0.0 4.0

0.0 -3.1

0.0 9.7

0.0 1.6

0.0 3.4

0.0 10.7

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

4.1 4.1 0.5 0.0 0.0 0.4 0.2 3.6 0.0 0.5 3.1 0.0 0.0 0.0

5.7 5.7 5.4 4.0 2.3 1.4 0.5 0.3 0.0 0.0 0.3 0.0 0.0 0.0

8.1 8.1 8.1 6.4 5.6 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

11.2 11.2 11.2 8.7 7.4 2.5 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.1 8.1 8.1 6.0 5.9 2.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

19.0 19.0 19.0 4.4 4.3 14.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

22.5 22.5 22.5 5.2 3.8 17.4 6.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.9 8.9 8.9 2.2 0.9 6.8 6.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.9 9.9 9.9 3.2 1.8 6.7 6.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 1.2

0.0 3.1

0.0 1.4

0.0 5.2

0.0 4.0

0.0 2.3

0.0 0.4

0.0 1.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

72.6 66.6 6.0

271.9 263.6 8.3

85.2 85.2 0.0

77.8 77.8 0.0

66.4 66.4 0.0

74.9 74.9 0.0

78.9 78.9 0.0

118.3 118.3 0.0

108.8 108.8 0.0

.. .. .. ..

86.6 2.1 133.1 0.0

392.6 36.9 630.4 0.0

665.5 15.7 838.4 0.0

697.7 15.7 874.3 0.0

668.1 15.7 834.2 0.0

606.7 15.7 715.5 0.0

568.9 9.8 627.2 0.0

607.2 8.3 662.3 0.0

666.8 6.9 712.5 0.0

.. 0.3 1.0 0.0 0.0 12.7 37.9 28.0 0.0 20.1

10.4 .. .. 0.0 0.0 10.6 43.8 29.3 0.0 5.9

11.4 .. .. 0.0 0.0 10.6 43.3 29.6 0.0 5.2

12.3 .. .. 0.0 0.0 9.1 43.6 29.7 0.0 5.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

.. 0.0 14.8 0.0 0.0 2.8 25.1 2.8 0.0 54.5

.. 0.5 1.8 0.0 0.0 8.6 27.3 26.4 0.0 35.4

.. 0.3 1.0 0.0 0.0 12.2 31.9 24.1 0.0 30.5

.. 0.3 1.0 0.0 0.0 12.3 31.3 25.0 0.0 30.0

.. 0.3 0.9 0.0 0.0 11.1 32.4 25.3 0.0 29.9

251 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 16.1 3.0 1.1 0.0 .. 0.0 0.0 0.0 0.0 .. 8.2 0.4 0.3 0.0 .. 3.8 0.4 0.3 0.0 .. 4.4 0.0 0.0 0.0 .. 6.8 0.1 0.1 0.0 .. 3.7 0.1 0.1 0.0 .. 3.1 0.0 0.0 0.0 .. 4.5 0.0 0.0 0.0 .. 0.6 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION 44.3 -31.9 .. 98.9 -15.5 26.9 6.7 0.0 72.7 45.7 .. 6.6 1.2 9.2 7.2 .. 6.8 0.1 0.1 0.0 .. -4.5 0.0 0.0 0.0 -45.6 12.4 -35.0 .. 35.1 .. 9.3 1.8 16.0 -4.2 9. AVERAGE TERMS OF NEW COMMITMENTS

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92.0 32.5 0.0 0.0

44.6 0.0 29.3 29.2 0.2 15.3 15.3 0.0 70.7 32.3 0.0 0.0

5.9 0.0 4.5 4.5 0.0 1.5 1.5 0.0 19.6 6.3 0.0 0.0

6.2 0.0 5.5 5.5 0.0 1.5 1.5 0.0 22.2 5.4 0.0 0.0

-129.3 22.5 -28.0 0.0 -92.0 -20.3 -11.7

-136.1 -10.4 -43.3 15.3 -70.7 -16.1 -10.8

31.1 -5.3 -0.1 1.5 -19.6 44.7 10.0

45.7 6.8 0.4 1.5 -22.2 40.7 18.5

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

2.8 17.5 3.9 39.5

2.2 28.1 10.4 61.8

0.7 47.9 10.8 83.7

0.8 39.4 9.9 80.2

0.0 0.0 0.0 0.0

0.9 37.9 9.8 77.6

0.8 44.8 9.8 81.6

0.8 41.2 10.1 80.8

0.0 0.0 0.0 0.0

.. .. .. ..

2.7 17.9 4.0 40.5

2.2 28.1 10.4 61.8

0.7 47.9 10.8 83.7

0.8 39.4 9.9 80.2

0.0 0.0 0.0 0.0

0.9 37.9 9.8 77.6

0.8 44.8 9.8 81.6

0.8 41.2 10.1 80.8

0.0 0.0 0.0 0.0

.. .. .. ..

7.4 3.9 1.2 5.1

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

.. 44 98 40 12 0 27 .. 42 98 40 12 0 27 .. 1 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

13 13 0

37 37 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

30.4 39.1 10.9

19.0 30.7 9.8

16.2 22.2 9.3

13.6 21.2 9.0

10.3 21.6 8.7

7.2 20.2 8.4

4.6 20.8 8.1

2.5 20.7 7.8

1.3 21.0 7.6

1.0 21.6 7.3

30.4 39.1 10.9

19.0 30.7 9.8

16.2 22.2 9.3

13.6 21.2 9.0

10.3 21.6 8.7

7.2 20.2 8.4

4.6 20.8 8.1

2.5 20.7 7.8

1.3 21.0 7.6

1.0 21.6 7.3

0.0 27.1 7.5

0.0 19.4 6.3

0.0 10.5 5.8

0.0 8.6 5.5

0.0 8.3 5.2

0.0 6.7 5.0

0.0 6.1 4.8

0.0 5.1 4.6

0.0 4.3 4.4

0.0 4.7 4.3

30.4 11.9 3.4

19.0 11.2 3.5

16.2 11.8 3.5

13.6 12.5 3.5

10.3 13.3 3.5

7.2 13.6 3.4

4.6 14.6 3.3

2.5 15.6 3.2

1.3 16.8 3.1

1.0 16.8 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 0.0 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

0.0 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

252 GUYANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

83 83 83 0 0 0 0 0 0 0 0 0 0

835 631 631 0 86 118 8 5 3 61 34 27 0

1,960 1,773 1,773 0 113 75 63 40 23 184 80 104 257

1,588 1,329 1,329 0 157 102 86 65 21 107 68 40 207

1,479 1,198 1,198 0 154 127 80 59 22 96 56 40 27

1,423 1,142 1,137 5 140 142 76 63 13 73 61 12 46

1,373 1,133 1,129 4 117 123 71 63 8 73 58 15 40

1,318 1,105 1,101 4 98 115 79 59 20 68 53 15 33

1,382 1,154 1,151 3 96 132 88 65 22 71 56 15 40

1,447 1,226 1,223 3 95 126 95 68 27 71 55 16 40

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

14 14 0 2 2 0 12 0 3 3 0 0 8 6 6 0 0

169 115 55 58 43 16 155 44 35 31 4 1 120 93 74 19 1

264 159 104 175 69 107 256 167 120 73 40 7 135 295 142 146 7

90 65 25 76 50 26 12 -1 54 52 1 1 -42 130 102 27 1

70 57 12 73 52 22 27 30 61 59 1 2 -34 134 110 22 2

63 51 12 51 36 15 31 19 36 33 1 3 -5 87 69 15 3

73 64 9 41 25 17 19 -13 30 26 1 3 -11 71 51 17 3

65 65 0 25 20 5 25 -16 20 17 1 2 5 45 37 6 2

47 40 7 34 25 9 21 8 30 28 0 1 -9 64 53 9 1

78 69 8 36 28 8 28 -13 22 21 0 0 7 58 49 9 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

22 12 9 0 2 3 14 8

77 72 1 0 4 8 70 6

173 91 8 0 74 9 181 -8

262 15 52 0 196 14 214 48

155 6 44 0 105 7 115 40

90 15 46 0 29 15 48 41

145 40 67 0 39 18 79 67

139 46 56 0 37 21 84 55

76 15 44 0 17 21 33 43

73 41 26 0 5 33 48 25

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

19 3 0 12 7

45 31 0 59 -13

100 73 0 117 -18

204 52 6 163 41

93 59 4 58 35

54 33 3 18 36

113 26 6 53 60

117 17 5 67 49

43 28 4 7 36

50 21 2 29 21

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

247 .. 0 .. 20 ..

561 411 0 538 13 -129

648 716 15 847 277 -102

638 704 20 801 268 -78

661 713 27 848 305 -115

654 695 22 850 287 -134

670 726 51 826 284 -111

698 767 64 834 276 -91

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 33.5 .. .. 1.4 24.7 .. 0.0 48.4 0.8

203.3 148.7 22.8 8.6 6.3 1.5 0.3 14.1 27.5 13.5

206.6 228.3 18.8 8.6 9.5 18.7 3.9 8.6 53.9 47.3

202.3 223.1 12.4 5.2 5.7 18.8 4.0 9.9 68.8 40.8

192.5 207.9 9.9 4.2 4.5 22.2 4.3 8.9 72.1 43.5

189.7 201.6 6.5 2.9 3.0 21.8 4.1 8.7 73.3 48.2

190.4 206.4 8.8 4.2 4.5 20.6 4.1 9.5 73.4 49.6

188.7 207.3 7.5 2.8 3.1 19.1 4.0 8.7 75.3 53.6

3. MAJOR ECONOMIC AGGREGATES 275 .. 0 .. 29 ..

673 769 15 905 316 -111

4. DEBT INDICATORS .. 712.5 .. .. 43.7 1.5 .. 3.8 56.8 23.9

206.5 236.0 16.9 7.0 8.0 19.9 4.2 6.4 54.6 41.9

253 GUYANA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

83 83 66 1 0 66 40 17 17 0 0 0 0 0

631 631 379 112 69 267 160 252 14 124 113 0 0 0

1,773 1,773 1,601 468 291 1,134 822 172 0 104 67 0 0 0

0 0

36 18

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

14 14 14 1 0 13 6 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,329 1,329 1,248 666 574 582 294 81 0 40 42 0 0 0

1,198 1,198 1,120 700 620 421 177 77 0 37 41 0 0 0

1,142 1,137 1,095 581 517 513 462 43 0 3 40 5 0 5

1,133 1,129 1,085 598 551 487 440 45 0 6 39 4 0 4

1,105 1,101 1,049 635 594 414 372 52 0 14 38 4 0 4

1,154 1,151 1,098 685 645 413 370 53 0 13 39 3 0 3

1,226 1,223 1,169 776 740 393 349 54 0 13 41 3 0 3

59 93

19 218

16 234

12 184

8 180

5 178

3 196

1 232

115 115 84 34 29 50 21 31 0 21 9 0 0 0

159 159 153 122 109 31 19 6 0 0 6 0 0 0

65 65 65 53 53 12 12 0 0 0 0 0 0 0

57 57 57 50 50 7 7 0 0 0 0 0 0 0

51 48 48 45 45 3 3 0 0 0 0 3 0 3

64 64 64 64 64 0 0 0 0 0 0 0 0 0

65 65 65 65 63 0 0 0 0 0 0 0 0 0

40 40 40 38 37 2 2 0 0 0 0 0 0 0

69 69 69 69 69 0 0 0 0 0 0 0 0 0

0 0

2 2

0 54

0 18

0 9

0 7

0 6

0 7

0 6

0 20

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 1 0 0 1 1 1 0 1 0 0 0 0

43 43 18 1 0 17 9 25 0 11 14 0 0 0

69 69 46 42 6 4 0 22 1 8 14 0 0 0

50 50 47 28 13 19 13 4 0 2 2 0 0 0

52 52 47 32 17 15 10 4 0 3 1 0 0 0

36 32 28 18 5 10 7 3 0 3 0 4 0 4

25 24 24 20 8 4 1 0 0 0 0 0 0 0

20 19 19 16 8 2 1 0 0 0 0 0 0 0

25 24 24 14 5 10 10 1 0 0 0 0 0 0

28 27 27 17 8 10 10 1 0 1 0 0 0 0

0 0

1 0

31 0

5 1

5 1

3 0

3 1

3 1

3 0

2 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 12 1 0 12 5 -1 0 -1 0 0 0 0

72 72 66 34 29 33 12 6 0 10 -4 0 0 0

91 91 107 80 103 27 19 -16 -1 -8 -8 0 0 0

15 15 18 25 40 -7 -1 -4 0 -2 -2 0 0 0

6 6 10 18 33 -8 -3 -4 0 -3 -1 0 0 0

15 16 19 27 40 -7 -4 -3 0 -3 0 -2 0 -2

40 40 40 44 56 -4 -1 0 0 0 0 0 0 0

46 46 47 49 55 -2 -1 0 0 0 0 0 0 0

15 15 16 24 32 -8 -8 -1 0 0 0 0 0 0

41 42 43 52 61 -10 -10 -1 0 -1 0 0 0 0

0 0

1 2

-31 54

-5 17

-5 9

-3 7

-3 5

-3 6

-3 6

-2 20

5. LONG-TERM DEBT

254 GUYANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

3 3 3 0 0 3 1 1 1 0 0 0 0 0

31 31 11 4 1 7 4 20 1 14 5 0 0 0

73 73 64 58 8 6 3 9 0 5 4 0 0 0

52 52 51 17 9 35 11 1 0 1 0 0 0 0

59 59 57 23 16 34 17 2 0 1 1 0 0 0

33 32 30 13 7 17 10 2 0 1 1 0 0 0

26 26 26 10 6 16 15 0 0 0 0 0 0 0

17 17 17 10 7 7 6 1 0 0 0 0 0 0

28 28 26 9 6 17 17 2 0 0 2 0 0 0

21 20 19 10 7 9 9 2 0 0 1 0 0 0

0 0

3 0

31 0

2 2

1 2

1 2

1 1

1 1

0 1

0 1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8 8 10 0 0 9 4 -2 -1 -1 0 0 0 0

41 41 55 30 28 25 8 -14 -1 -4 -10 0 0 0

18 18 43 23 95 20 16 -25 -1 -12 -12 0 0 0

-37 -37 -33 9 31 -41 -12 -5 0 -3 -2 0 0 0

-53 -53 -47 -5 17 -42 -20 -6 0 -3 -2 0 0 0

-18 -16 -11 14 33 -25 -14 -5 0 -4 -2 -2 0 -2

13 14 14 34 50 -20 -16 0 0 0 0 -1 0 -1

28 29 30 39 48 -9 -7 -1 0 -1 0 -1 0 -1

-14 -13 -10 16 26 -26 -25 -3 0 -1 -2 -1 0 -1

21 21 24 43 54 -19 -18 -2 0 -1 -1 -1 0 -1

0 0

-2 2

-62 53

-7 16

-6 7

-4 5

-4 4

-3 5

-3 4

-3 18

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 6 4 0 0 4 2 2 1 1 0 0 0 0

74 74 29 5 1 24 13 45 1 25 19 0 0 0

142 142 110 100 14 11 3 32 1 12 18 0 0 0

102 102 98 44 21 54 24 5 0 3 2 0 0 0

110 110 104 55 33 50 28 6 0 3 2 0 0 0

69 64 58 31 12 28 17 5 0 4 2 5 0 5

51 50 50 30 14 20 16 0 0 0 0 1 0 1

37 37 35 26 15 9 7 1 0 1 0 1 0 1

53 53 50 22 11 27 27 3 0 1 2 1 0 1

49 48 46 27 15 19 18 2 0 1 1 1 0 1

0 0

4 0

62 1

7 2

6 2

4 2

4 2

3 2

3 1

3 2

56 56 0

226 210 16

275 270 4

271 271 0

280 280 0

246 246 0

262 262 0

201 201 0

273 273 0

285 285 0

40 0 83 0

229 148 631 0

1,113 259 1,773 0

868 95 1,329 0

797 88 1,198 0

979 78 1,137 5

991 81 1,129 4

965 79 1,101 4

1,015 81 1,151 3

1,089 82 1,223 3

.. 1.2 0.0 0.0 5.6 0.0 69.7 17.8 0.3 5.4

4.7 .. .. 0.0 5.3 0.0 67.0 20.4 0.3 2.1

5.5 .. .. 0.0 5.5 0.0 67.1 19.4 0.4 2.0

6.0 .. .. 0.0 4.2 0.0 69.5 18.1 0.4 1.9

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 68.9 0.0 24.7 0.4 0.0 6.0

.. 0.8 0.1 0.0 20.9 0.0 59.9 9.7 0.0 8.6

.. 2.2 0.0 0.3 10.4 0.1 68.0 14.8 0.1 4.2

.. 1.6 0.0 0.1 6.7 0.0 63.5 21.4 0.3 6.4

.. 1.6 0.1 0.0 7.4 0.0 60.0 23.4 0.3 7.2

.. 1.3 0.0 0.0 5.8 0.0 67.5 18.3 0.3 6.7

255 GUYANA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 474 0 0 322 .. 320 0 0 37 .. 89 0 0 211 .. 88 0 0 211 .. 0 0 0 0 .. 38 0 0 1 .. 37 0 0 1 .. 0 0 0 0 .. 31 2 0 24 .. 1 0 0 2 .. 0 0 0 205 .. 0 0 0 30 8. DEBT STOCK-FLOW RECONCILIATION .. 303 -17 -110 -55 155 256 12 27 31 .. -38 19 -6 -4 .. 38 0 0 1 .. -31 -2 0 -199 -108 .. 43 -108 -51 .. 36 62 -79 223 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 5 0 0 0

0 0 0 0 0 0 0 0 6 0 0 0

0 0 0 0 0 0 0 0 5 5 0 0

0 0 0 0 0 0 0 0 22 5 0 0

-50 19 -6 0 -5 -61 3

-56 25 8 0 -6 -15 -68

65 21 8 0 -5 38 1

65 28 8 0 -22 48 3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 12 .. .. .. .. ..

6.0 25.3 9.7 32.4

10.5 8.1 2.4 2.9

1.3 39.7 9.9 74.9

1.6 39.0 9.9 72.7

1.4 38.8 10.4 74.1

1.7 38.4 9.8 70.4

2.0 40.0 10.5 69.6

0.5 6.8 0.7 28.4

2.0 39.7 10.5 69.8

3.0 29.7 8.5 56.0

6.0 25.3 9.7 32.4

9.2 9.5 3.2 11.2

1.3 39.7 9.9 74.9

1.6 39.0 9.9 72.7

1.4 38.8 10.4 74.1

1.7 38.4 9.8 70.4

2.0 40.0 10.5 69.6

0.5 6.8 0.7 28.4

2.0 39.7 10.5 69.8

3.0 29.7 8.5 56.0

0.0 0.0 0.0 0.0

12.3 6.2 1.3 -8.9

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

20 96 282 83 55 28 85 20 56 282 83 55 28 85 0 39 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

3 3 0

117 117 0

78 78 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

75 45 27

75 44 27

59 72 26

38 48 26

21 43 25

9 43 24

5 40 23

1 45 22

1 48 21

0 53 20

75 43 25

75 42 25

59 45 25

38 47 25

21 42 25

9 42 24

5 39 23

1 45 22

1 47 21

0 53 20

1 17 11

1 16 11

1 18 10

1 19 10

0 18 9

0 15 8

0 12 8

0 14 8

0 16 7

0 18 7

73 26 14

74 26 14

58 26 15

38 28 16

21 24 16

8 27 16

5 27 15

1 31 15

1 32 14

0 35 14

0 2 2

0 2 2

0 28 0

0 1 0

0 1 0

0 1 0

0 1 0

0 0 0

0 0 0

0 0 0

0 1 0

0 1 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 2 2

0 1 1

0 27 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

256 HAITI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

43 40 40 0 3 0 0 0 0 4 0 4 0

350 290 290 0 46 14 0 0 0 0 0 0 0

911 772 772 0 38 101 24 14 10 43 14 29 117

1,052 902 902 0 43 107 1 1 0 2 2 0 99

1,050 982 982 0 38 30 1 1 0 2 2 0 84

1,185 1,041 1,041 0 48 96 1 1 0 2 2 0 80

1,169 1,040 1,040 0 39 90 1 1 0 2 2 0 78

1,253 1,028 1,028 0 39 185 4 4 0 9 9 0 88

1,248 1,063 1,063 0 31 154 8 8 0 17 17 0 113

1,308 1,173 1,173 0 18 117 21 21 0 38 38 0 117

4 4 0 3 3 0 1 0 0 0 0 0 1 4 4 0 0

77 47 29 21 18 3 51 -5 9 6 1 2 42 29 24 3 2

44 38 5 20 8 12 39 16 15 6 3 7 24 36 14 15 7

119 98 21 19 17 1 172 71 19 14 1 3 153 37 31 2 3

94 94 0 22 16 5 -5 -77 20 15 1 3 -24 41 32 6 3

99 79 21 30 19 11 135 66 20 15 1 3 115 50 34 13 3

51 51 0 24 18 6 21 -6 20 15 1 5 1 44 33 7 5

14 14 0 11 11 0 95 92 14 10 1 3 80 26 21 1 3

4 4 0 16 7 9 -47 -35 12 8 1 3 -59 28 15 10 3

36 36 0 36 22 15 -51 -51 16 14 0 1 -67 52 36 15 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

6 1 3 0 2 4 2 4

73 29 13 0 30 32 52 20

95 30 0 0 65 66 95 0

218 81 4 0 133 109 214 4

223 78 11 0 134 96 212 11

198 59 30 0 109 102 168 30

137 33 13 0 91 91 124 13

81 2 4 0 75 94 77 4

84 -3 6 0 81 78 78 6

117 14 8 0 95 87 109 8

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

6 0 0 1 4

55 6 11 48 7

89 6 0 89 0

204 14 0 200 4

208 15 0 197 11

183 15 0 153 30

122 15 0 109 13

72 10 0 67 4

76 8 0 70 6

103 14 0 95 8

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

391 .. 0 .. 4 ..

1,446 415 106 498 27 -101

3,756 801 327 1,052 264 29

4,179 953 422 1,265 264 -60

4,003 1,082 578 1,360 183 -85

3,598 1,068 624 1,307 142 -95

3,474 1,098 676 1,246 82 -48

2,906 1,280 811 1,389 63 -13

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 11.0 .. .. 0.1 10.0 .. 0.0 68.3 0.8

84.3 24.2 7.0 2.1 0.6 7.6 0.6 4.0 74.7 37.8

131.1 28.0 5.2 2.4 0.5 25.1 3.0 2.8 93.4 79.1

124.3 28.4 5.3 2.1 0.5 22.3 2.5 8.1 87.8 75.7

108.1 29.2 4.1 1.9 0.5 15.6 1.6 7.7 88.8 77.2

117.3 34.8 2.4 1.3 0.4 11.3 1.3 14.8 82.0 71.4

113.7 35.9 2.5 1.0 0.3 6.6 0.8 12.3 85.2 74.7

102.1 45.0 4.1 1.2 0.5 4.8 0.5 8.9 86.8 74.8

3. MAJOR ECONOMIC AGGREGATES 2,836 325 61 540 10 -22

3,332 379 256 905 213 -48

4. DEBT INDICATORS 280.2 32.1 11.0 4.7 0.5 1.1 0.2 11.1 79.1 53.7

277.5 31.6 9.8 4.9 0.6 20.2 2.8 10.2 85.6 71.2

257 HAITI (US$ million, unless otherwise indicated) 1970

1980

1990

40 40 29 0 0 29 29 11 4 0 7 0 0 0

290 290 266 132 132 134 129 23 0 8 16 0 0 0

772 772 725 489 489 236 231 47 0 47 0 0 0 0

0 0

0 66

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 0 0 0 0 0 4 0 0 4 0 0 0

1997

1998

1999

2000

2001

2002

2003

902 902 902 749 749 153 152 0 0 0 0 0 0 0

982 982 982 830 830 152 151 0 0 0 0 0 0 0

1,041 1,041 1,041 897 897 144 143 0 0 0 0 0 0 0

1,040 1,040 1,040 903 903 136 136 0 0 0 0 0 0 0

1,028 1,028 1,028 895 895 134 133 0 0 0 0 0 0 0

1,063 1,063 1,063 932 932 131 131 0 0 0 0 0 0 0

1,173 1,173 1,173 978 978 195 157 0 0 0 0 0 0 0

0 324

0 458

0 493

0 504

0 480

0 467

0 501

0 518

47 47 32 21 21 11 7 15 0 5 10 0 0 0

38 38 38 27 27 11 11 0 0 0 0 0 0 0

98 98 98 90 90 8 8 0 0 0 0 0 0 0

94 94 94 93 93 1 1 0 0 0 0 0 0 0

79 79 79 79 79 0 0 0 0 0 0 0 0 0

51 51 51 51 51 0 0 0 0 0 0 0 0 0

14 14 14 14 14 0 0 0 0 0 0 0 0 0

4 4 4 4 4 0 0 0 0 0 0 0 0 0

36 36 36 36 36 0 0 0 0 0 0 0 0 0

0 0

0 13

0 14

0 40

0 39

0 14

0 8

0 1

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 1 0 0 1 1 3 0 0 3 0 0 0

18 18 10 0 0 10 10 7 0 1 7 0 0 0

8 8 8 5 5 3 3 0 0 0 0 0 0 0

17 17 17 14 14 4 3 0 0 0 0 0 0 0

16 16 16 13 13 4 3 0 0 0 0 0 0 0

19 19 19 14 14 5 5 0 0 0 0 0 0 0

18 18 18 14 14 4 4 0 0 0 0 0 0 0

11 11 11 8 8 4 4 0 0 0 0 0 0 0

7 7 7 3 3 4 4 0 0 0 0 0 0 0

22 22 22 21 21 1 0 0 0 0 0 0 0 0

0 0

0 0

0 1

0 4

0 5

0 6

0 7

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 -1 0 0 -1 -1 2 0 0 2 0 0 0

29 29 22 21 21 1 -3 7 0 5 3 0 0 0

30 30 30 22 22 8 8 0 0 0 0 0 0 0

81 81 81 77 77 4 4 0 0 0 0 0 0 0

78 78 78 81 81 -3 -3 0 0 0 0 0 0 0

59 59 59 64 64 -5 -5 0 0 0 0 0 0 0

33 33 33 37 37 -4 -4 0 0 0 0 0 0 0

2 2 2 6 6 -4 -4 0 0 0 0 0 0 0

-3 -3 -3 1 1 -4 -4 0 0 0 0 0 0 0

14 14 14 15 15 -1 0 0 0 0 0 0 0 0

0 0

0 13

0 13

0 35

0 34

0 8

0 1

0 1

0 0

0 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

258 HAITI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

6 6 4 1 1 3 3 2 0 1 1 0 0 0

6 6 6 5 5 1 1 0 0 0 0 0 0 0

14 14 14 8 8 5 5 0 0 0 0 0 0 0

15 15 15 10 10 5 5 0 0 0 0 0 0 0

15 15 15 10 10 5 5 0 0 0 0 0 0 0

15 15 15 9 9 5 5 0 0 0 0 0 0 0

10 10 10 5 5 5 5 0 0 0 0 0 0 0

8 8 8 3 3 5 5 0 0 0 0 0 0 0

14 14 14 13 13 1 1 0 0 0 0 0 0 0

0 0

0 0

0 2

0 3

0 3

0 4

0 4

0 0

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 -1 0 0 -1 -1 1 0 0 1 0 0 0

23 23 18 20 20 -2 -6 5 0 4 2 0 0 0

24 24 24 17 17 7 7 0 0 0 0 0 0 0

67 67 67 68 68 -1 -1 0 0 0 0 0 0 0

63 63 63 71 71 -8 -8 0 0 0 0 0 0 0

44 44 44 55 55 -10 -10 0 0 0 0 0 0 0

18 18 18 27 27 -9 -9 0 0 0 0 0 0 0

-7 -7 -7 1 1 -9 -8 0 0 0 0 0 0 0

-11 -11 -11 -2 -2 -9 -9 0 0 0 0 0 0 0

0 0 0 2 2 -2 -1 0 0 0 0 0 0 0

0 0

0 13

0 10

0 32

0 30

0 5

0 -2

0 1

0 0

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 1 0 0 1 1 3 0 0 3 0 0 0

24 24 15 1 1 13 13 9 0 2 8 0 0 0

14 14 14 10 10 4 4 0 0 0 0 0 0 0

31 31 31 22 22 9 9 0 0 0 0 0 0 0

32 32 32 22 22 9 9 0 0 0 0 0 0 0

34 34 34 24 24 10 10 0 0 0 0 0 0 0

33 33 33 23 23 9 9 0 0 0 0 0 0 0

21 21 21 13 13 9 8 0 0 0 0 0 0 0

15 15 15 6 6 9 9 0 0 0 0 0 0 0

36 36 36 34 34 2 1 0 0 0 0 0 0 0

0 0

0 0

0 3

0 8

0 8

0 10

0 10

0 0

0 0

0 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

5 0 5

145 128 17

267 267 0

407 407 0

300 300 0

310 310 0

228 228 0

219 219 0

203 203 0

162 162 0

29 0 40 0

261 8 282 7

720 7 772 0

901 0 902 0

981 0 982 0

1,040 0 1,041 0

1,039 0 1,040 0

1,027 0 1,028 0

1,063 0 1,063 0

1,135 6 1,173 0

.. 0.0 1.9 0.0 0.0 0.0 82.0 16.0 0.0 0.0

2.0 .. .. 0.0 0.0 0.0 82.1 15.9 0.0 0.0

2.0 .. .. 0.0 0.0 0.0 82.8 15.2 0.0 0.0

3.6 .. .. 0.0 0.0 0.0 83.2 13.0 0.0 0.2

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0

.. 4.2 5.8 0.0 0.0 0.0 79.3 10.8 0.0 0.0

.. 0.0 10.8 0.0 0.0 0.0 70.7 18.5 0.0 0.0

.. 0.0 3.1 0.0 0.0 0.0 78.2 18.8 0.0 0.0

.. 0.0 2.9 0.0 0.0 0.0 79.7 17.3 0.0 0.0

.. 0.0 2.4 0.0 0.0 0.0 81.2 16.4 0.0 0.0

259 HAITI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 81 148 -2 135 51 39 172 -5 135 .. 8 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 23 -79 -64 0 55 67 0 .. 11 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-16 21 0 0 0 -32 -5

83 95 3 0 0 -14 0

-4 -47 4 0 0 37 2

59 -51 13 0 0 23 74

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 1 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

4.8 9.5 1.0 16.0

5.2 19.6 6.3 32.6

1.4 38.9 10.4 75.0

1.5 39.9 10.4 73.6

0.0 0.0 0.0 0.0

1.5 40.0 10.5 74.1

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 43.0 7.3 55.8

2.8 29.8 10.3 54.5

1.4 38.9 10.4 75.0

1.5 39.9 10.4 73.6

0.0 0.0 0.0 0.0

1.5 40.0 10.5 74.1

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

4.8 8.6 0.9 14.9

8.2 7.0 1.4 5.2

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

5 51 102 163 0 96 0 0 28 102 163 0 96 0 5 23 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

14 36 19

35 33 16

30 39 17

28 42 17

23 45 17

19 46 17

12 49 16

1 50 15

0 50 14

0 50 14

14 36 19

35 33 16

30 39 17

28 42 17

23 45 17

19 46 17

12 49 16

1 50 15

0 50 14

0 50 14

0 8 5

0 8 4

0 9 4

0 8 4

0 9 4

0 9 4

0 9 4

0 9 3

0 9 3

0 9 3

14 28 15

35 25 12

30 30 13

28 34 13

23 36 13

19 37 13

12 40 13

1 41 12

0 41 11

0 41 11

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 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

260 HONDURAS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

111 111 91 19 0 0 0 0 0 0 0 0 0

1,473 1,167 976 191 33 272 0 0 0 2 0 2 0

3,718 3,487 3,420 66 32 199 89 34 55 190 63 128 338

4,851 4,318 4,059 259 46 487 62 38 24 186 120 66 468

5,104 4,455 4,043 412 113 537 69 40 29 196 115 81 273

5,519 4,854 4,311 542 210 454 53 20 33 149 74 75 286

5,570 4,981 4,421 560 216 374 35 9 26 72 15 56 332

5,050 4,501 3,995 506 220 329 10 2 8 21 0 21 277

5,395 4,675 4,207 468 197 524 45 34 12 74 45 29 311

5,641 5,005 4,595 411 172 464 62 50 12 163 113 49 335

45 38 6 6 6 0 38 0 4 4 0 0 35 10 10 0 0

375 346 29 87 87 0 296 8 120 83 1 36 176 207 170 1 36

457 429 29 211 176 35 129 -117 178 157 6 15 -49 389 333 41 15

662 662 0 352 343 9 377 67 204 180 0 23 174 555 523 9 23

488 423 64 337 335 2 193 43 216 190 0 26 -23 553 525 2 26

810 706 104 311 308 4 432 -66 186 159 3 24 246 497 467 7 24

618 596 21 259 254 5 296 -63 131 107 4 20 165 390 361 9 20

402 381 21 249 241 7 134 -20 94 75 4 16 39 343 316 11 16

288 288 0 289 254 35 158 159 108 95 2 11 50 397 349 37 11

310 310 0 313 272 41 -79 -76 102 91 1 9 -181 414 363 42 9

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

41 32 8 0 0 6 27 14

284 259 6 0 19 18 147 137

506 252 44 0 211 93 431 75

519 319 122 0 78 76 395 124

353 88 99 0 166 69 145 208

935 398 237 0 299 73 574 361

810 342 282 0 186 123 508 302

526 140 190 0 197 226 406 120

340 34 176 0 130 126 207 133

364 38 198 0 128 101 224 140

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

37 4 0 25 13

123 83 78 116 7

278 157 72 282 -4

269 180 70 253 15

93 190 70 -7 100

732 159 44 449 283

634 107 70 433 201

346 75 105 356 -10

137 95 108 131 6

163 91 110 146 17

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

700 .. 0 .. 20 ..

2,429 967 2 1,306 159 -317

5,053 2,705 225 3,081 824 -148

5,260 2,631 328 3,248 1,264 -241

5,794 3,010 416 3,524 1,319 -276

6,247 3,044 540 3,654 1,421 -339

6,413 3,282 718 3,661 1,531 -242

6,783 3,572 867 3,959 1,439 -279

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 15.8 .. .. 0.5 18.3 .. 0.0 49.1 57.3

152.2 60.6 21.4 12.4 4.9 10.8 1.5 18.5 21.8 31.1

188.7 101.0 20.5 8.0 4.3 16.1 3.2 10.5 50.0 46.7

209.8 104.9 18.9 7.1 3.5 22.9 4.7 8.2 52.9 47.4

185.0 96.1 13.0 4.4 2.3 23.7 4.5 6.7 52.6 49.1

165.9 80.8 11.3 3.1 1.5 28.1 4.7 6.5 57.9 50.2

164.4 84.1 12.1 3.3 1.7 28.4 5.0 9.7 58.9 49.4

157.9 83.2 11.6 2.8 1.5 25.5 4.4 8.2 63.6 51.8

3. MAJOR ECONOMIC AGGREGATES 2,848 1,103 63 1,384 47 -51

4,499 2,421 190 2,793 587 -272

4. DEBT INDICATORS 337.0 130.5 35.3 16.1 6.2 1.3 0.4 5.4 37.4 42.5

200.3 107.8 22.9 8.4 4.5 12.1 2.5 10.0 49.7 47.7

261 HONDURAS (US$ million, unless otherwise indicated) 1970

1980

1990

111 91 88 63 30 24 24 4 0 0 4 19 0 19

1,167 976 697 459 202 238 120 280 0 205 75 191 0 191

3,487 3,420 2,978 1,581 536 1,396 855 442 0 204 238 66 0 66

30 15

152 64

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

38 29 29 21 10 7 7 0 0 0 0 10 0 10

1997

1998

1999

2000

2001

2002

2003

4,318 4,059 3,817 2,315 1,295 1,502 1,114 242 62 94 86 259 0 259

4,455 4,043 3,879 2,381 1,409 1,498 1,142 164 0 92 72 412 0 412

4,854 4,311 4,174 2,614 1,737 1,560 1,181 138 0 84 54 542 0 542

4,981 4,421 4,313 2,732 1,766 1,581 1,164 107 0 71 36 560 0 560

4,501 3,995 3,903 2,536 1,898 1,366 1,024 92 0 59 33 506 0 506

4,675 4,207 4,094 2,668 2,068 1,426 1,109 113 0 81 32 468 0 468

5,005 4,595 4,474 2,922 2,365 1,552 1,224 121 0 87 34 411 0 411

558 77

275 496

235 579

185 841

151 838

127 901

105 1,014

85 1,143

346 265 151 113 37 38 12 114 0 59 55 81 0 81

429 421 364 190 54 174 88 57 0 22 36 8 0 8

662 556 551 478 133 72 68 5 0 5 0 106 0 106

423 197 194 141 117 54 43 3 0 3 0 226 0 226

706 451 447 367 352 80 22 4 0 0 4 254 0 254

596 412 409 372 113 36 24 4 0 1 3 184 0 184

381 264 260 219 216 41 29 4 0 4 0 117 0 117

288 164 164 127 118 37 37 1 0 1 0 123 0 123

310 202 202 159 152 43 43 0 0 0 0 108 0 108

10 2

24 18

82 0

0 95

0 64

0 273

0 38

0 98

0 51

0 45

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 3 2 2 1 0 0 1 0 0 1 3 0 3

87 39 23 20 2 2 1 16 0 13 3 48 0 48

176 151 143 137 16 6 2 8 0 4 4 25 0 25

343 280 234 137 20 96 53 46 30 3 13 63 0 63

335 261 216 120 25 95 54 46 32 3 11 74 0 74

308 184 173 140 27 33 14 11 0 6 5 124 0 124

254 88 87 86 22 1 0 1 0 1 0 166 0 166

241 70 51 43 15 8 4 19 0 19 0 171 0 171

254 88 87 68 17 19 15 0 0 0 0 166 0 166

272 106 106 95 32 11 10 1 0 1 0 165 0 165

1 0

4 0

94 2

50 2

48 2

47 2

27 2

5 3

10 6

21 9

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

32 26 27 20 9 7 7 -1 0 0 -1 7 0 7

259 226 128 92 35 36 11 98 0 46 52 33 0 33

252 270 220 53 38 168 86 49 0 18 32 -18 0 -18

319 276 317 341 113 -24 15 -41 -30 2 -13 43 0 43

88 -64 -21 21 91 -42 -11 -43 -32 0 -11 153 0 153

398 267 274 228 325 47 8 -7 0 -6 -1 131 0 131

342 325 322 286 91 36 24 3 0 0 3 18 0 18

140 194 209 176 201 33 25 -15 0 -15 0 -54 0 -54

34 77 77 59 101 18 21 0 0 0 0 -43 0 -43

38 95 96 64 120 32 33 -1 0 -1 0 -57 0 -57

9 2

20 17

-12 -2

-50 93

-48 62

-47 271

-27 36

-5 94

-10 46

-21 36

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

262 HONDURAS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

4 3 2 2 0 0 0 0 0 0 0 1 0 1

83 58 31 24 4 7 2 27 0 26 1 25 0 25

157 155 150 141 11 8 1 6 0 5 1 1 0 1

180 160 141 82 16 60 32 18 8 4 7 20 0 20

190 168 152 91 19 60 30 16 9 2 4 23 0 23

159 127 125 90 19 35 20 2 0 1 1 32 0 32

107 76 75 67 21 8 5 0 0 0 0 31 0 31

75 51 50 44 14 6 3 1 0 1 0 24 0 24

95 77 76 57 17 19 16 0 0 0 0 18 0 18

91 78 78 60 24 18 15 0 0 0 0 13 0 13

1 0

12 0

96 1

23 3

20 4

18 4

15 6

13 6

10 7

8 8

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

29 23 25 18 9 7 7 -1 0 0 -1 6 0 6

176 168 97 68 31 29 9 71 0 20 51 8 0 8

95 114 71 -89 27 159 85 43 0 13 31 -19 0 -19

139 116 176 259 97 -84 -17 -59 -38 -2 -20 23 0 23

-102 -232 -173 -71 73 -102 -40 -59 -41 -2 -16 130 0 130

239 141 149 137 306 12 -12 -9 0 -7 -2 98 0 98

235 249 246 219 70 27 19 2 0 0 3 -14 0 -14

65 143 159 132 187 28 23 -16 0 -16 0 -78 0 -78

-61 0 0 2 84 -1 6 0 0 0 0 -61 0 -61

-53 17 18 4 96 14 18 -1 0 -1 0 -70 0 -70

8 2

8 17

-108 -3

-73 90

-68 58

-65 266

-42 30

-18 88

-20 39

-28 28

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 6 4 4 1 0 0 2 0 0 2 4 0 4

170 97 54 45 6 9 3 44 0 39 4 73 0 73

333 307 293 278 27 15 3 14 0 9 5 26 0 26

523 439 375 219 36 156 85 64 38 7 20 83 0 83

525 429 367 211 44 156 84 62 41 5 16 96 0 96

467 311 298 230 46 68 35 13 0 7 6 156 0 156

361 164 162 153 43 9 5 1 0 1 0 197 0 197

316 121 101 87 29 14 6 20 0 20 0 195 0 195

349 164 163 125 34 38 31 1 0 1 0 185 0 185

363 185 184 155 57 28 24 1 0 1 0 178 0 178

2 0

16 1

191 3

73 5

68 6

65 7

42 8

18 10

20 13

28 17

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

54 54 0

729 716 13

664 654 10

556 546 10

646 638 8

678 669 9

662 657 5

790 789 1

820 820 0

859 858 0

54 19 91 19

321 400 841 327

1,390 753 3,313 173

2,409 775 4,037 281

2,551 882 4,022 433

2,918 1,030 4,291 563

2,930 1,032 4,401 580

2,922 914 3,993 507

3,178 852 4,206 469

3,589 782 4,593 412

.. 2.1 1.5 8.2 0.4 0.9 66.5 15.9 0.4 4.2

5.9 .. .. 9.7 0.0 0.1 65.1 17.3 0.7 1.1

6.9 .. .. 9.6 0.0 0.2 65.3 15.9 1.1 1.1

7.5 .. .. 9.6 0.0 0.2 65.4 14.9 1.3 1.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.6 0.0 0.0 0.0 66.6 32.8 0.0 0.0

.. 0.0 0.4 0.0 0.0 0.0 62.9 25.4 0.0 11.2

.. 2.6 3.1 8.4 0.9 2.1 45.2 34.5 0.1 3.1

.. 2.9 2.7 8.9 0.8 1.3 59.6 20.0 0.1 3.7

.. 3.1 2.8 10.1 0.7 1.3 57.8 19.8 0.2 4.1

.. 2.3 1.7 9.1 0.6 1.0 63.6 17.8 0.2 3.6

263 HONDURAS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 308 109 0 184 .. 0 3 0 7 .. 151 100 0 132 .. 68 99 0 124 .. 83 1 0 8 .. 140 3 0 45 .. 78 3 0 43 .. 62 0 0 2 .. 10 1 28 32 .. 11 0 13 9 .. 41 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 415 .. 332 137 253 296 129 377 193 432 .. -83 2 7 -16 .. 140 3 0 45 -1 -28 -32 .. -51 .. 48 -244 -110 -39 .. 148 -1 191 24 9. AVERAGE TERMS OF NEW COMMITMENTS

181 0 134 103 31 47 38 9 14 5 0 0

163 0 117 107 10 46 40 6 52 23 13 13

23 0 17 15 2 6 5 1 30 11 0 0

0 0 0 0 0 1 1 0 5 3 0 0

52 296 -18 47 -14 -143 -116

-520 134 -25 46 -52 -124 -499

345 158 35 6 -30 174 2

246 -79 17 1 -5 226 86

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 38 .. .. .. .. ..

4.1 29.6 6.8 45.5

6.8 23.6 6.7 26.9

6.5 21.2 5.9 26.5

6.3 14.4 2.9 22.5

2.0 34.0 8.4 63.9

1.2 34.5 9.8 73.3

5.1 30.9 19.1 42.3

1.6 37.1 9.4 71.5

1.8 39.4 10.4 71.3

2.1 25.3 6.7 55.6

4.1 29.6 6.8 45.5

5.9 25.2 7.1 31.5

6.1 22.7 6.5 29.3

6.3 14.2 2.8 22.0

2.0 34.0 8.4 63.9

1.2 34.8 9.9 74.0

5.1 30.9 19.1 42.3

1.6 37.1 9.4 71.5

1.8 39.4 10.4 71.3

2.1 25.3 6.7 55.6

0.0 0.0 0.0 0.0

16.0 6.7 2.5 -22.3

9.9 7.1 0.6 -0.8

3.6 25.5 5.0 45.8

0.0 0.0 0.0 0.0

6.6 8.1 1.1 10.9

3.6 7.5 3.0 24.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

23 495 452 449 339 498 422 23 452 410 441 339 492 422 0 43 42 8 0 6 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

419 419 0

138 138 0

211 211 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

207 335 145

206 276 133

157 267 124

108 235 114

74 199 105

47 200 98

30 200 92

14 195 85

10 193 79

4 175 74

207 220 118

206 191 113

157 190 109

108 189 103

74 164 98

47 172 93

30 177 88

14 176 82

10 176 77

4 173 73

52 127 46

57 104 43

37 97 40

25 94 37

15 72 34

10 77 32

6 77 30

6 74 27

4 73 25

2 69 23

155 93 73

150 87 71

120 94 69

83 95 67

59 92 64

37 95 61

23 99 58

8 103 55

5 103 52

2 104 50

0 116 26

0 85 20

0 76 15

0 46 10

0 35 8

0 28 6

0 23 4

0 18 3

0 17 2

0 2 1

0 9 3

0 9 2

0 9 2

0 7 1

0 3 1

0 3 1

0 3 1

0 2 1

0 1 1

0 1 1

0 107 24

0 77 17

0 68 13

0 40 9

0 32 7

0 25 5

0 20 3

0 16 2

0 16 1

0 1 0

264 HUNGARY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

21,201 17,931 17,931 0 330 2,941 0 0 0 0 0 0 1,424

24,561 21,044 15,129 5,915 160 3,357 0 0 0 0 0 0 1,840

28,473 23,693 15,904 7,789 0 4,780 0 0 0 0 0 0 1,058

29,874 26,331 16,869 9,462 0 3,543 0 0 0 0 0 0 728

29,520 25,368 14,355 11,014 0 4,152 0 0 0 0 0 0 419

30,305 25,682 12,697 12,985 0 4,623 0 0 0 0 0 0 346

34,958 29,289 13,551 15,738 0 5,668 0 0 0 0 0 0 395

45,785 36,769 14,751 22,018 0 9,016 0 0 0 0 0 0 496

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

2,455 2,282 173 2,546 2,216 330 -457 -366 1,678 1,528 35 115 -2,135 4,224 3,745 364 115

4,629 4,629 0 5,992 5,992 0 -1,365 -2 1,685 1,516 8 161 -3,049 7,676 7,507 8 161

7,054 7,054 0 5,759 5,598 161 2,718 1,423 1,494 1,297 2 195 1,224 7,253 6,895 163 195

9,233 9,233 0 5,991 5,991 0 2,005 -1,238 1,448 1,303 0 145 558 7,438 7,293 0 145

6,283 6,283 0 6,443 6,443 0 449 609 1,495 1,325 0 170 -1,045 7,938 7,768 0 170

13,455 13,455 0 12,275 12,275 0 1,651 471 1,453 1,287 0 166 197 13,729 13,562 0 166

13,056 13,056 0 13,560 13,560 0 542 1,046 1,230 1,100 0 130 -688 14,790 14,660 0 130

15,642 15,642 0 13,736 13,736 0 4,426 2,520 1,443 1,243 0 200 2,983 15,178 14,978 0 200

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

380 66 311 0 3 0 527 -147

1,924 -1,363 2,224 979 84 54 -8 1,932

4,183 1,456 2,084 556 88 79 -849 5,032

6,559 3,243 2,019 1,191 106 53 286 6,273

1,312 -160 1,694 -369 147 39 -61 1,373

4,096 1,180 2,595 134 187 35 -16 4,112

2,347 -503 2,863 -137 125 39 117 2,230

4,878 1,906 2,506 266 199 52 -271 5,149

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

-1,185 1,528 37 343 -1,528

-1,452 1,516 1,861 -204 -1,249

747 1,297 2,140 -1,000 1,747

3,074 1,303 2,183 153 2,921

-2,035 1,325 2,023 -194 -1,841

470 1,287 2,338 -132 603

-1,930 1,100 3,177 19 -1,949

-222 1,243 3,856 -381 159

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

45,120 31,750 213 35,932 10,983 -3,775

43,806 35,592 281 39,925 11,217 -4,029

48,198 39,079 296 42,668 10,755 -3,236

61,290 42,959 279 48,099 10,383 -4,666

78,512 52,572 295 60,551 12,780 -7,364

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

94.1 66.2 23.4 4.6 3.2 36.8 3.7 11.9 1.6 5.2

82.9 67.4 22.3 4.2 3.4 38.0 3.4 14.1 1.0 4.8

77.5 62.9 35.1 3.7 3.0 35.5 3.0 15.3 0.4 4.5

81.4 57.0 34.4 2.9 2.0 29.7 2.6 16.2 0.3 4.8

87.1 58.3 28.9 2.7 1.8 27.9 2.5 19.7 0.4 3.2

3. MAJOR ECONOMIC AGGREGATES 31,601 12,315 0 12,724 1,185 379

43,041 26,641 213 28,906 8,437 -2,080

44,114 30,377 220 33,986 9,348 -3,391

4. DEBT INDICATORS 172.2 67.1 34.3 13.6 5.3 5.6 1.1 13.9 0.2 11.8

92.2 57.1 28.8 6.3 3.9 34.4 3.5 13.7 1.8 10.1

93.7 64.5 23.9 4.9 3.4 32.8 3.3 16.8 1.8 5.3

265 HUNGARY (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

17,931 17,931 2,656 2,497 13 160 19 15,275 4,645 9,642 988 0 0 0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

21,044 15,129 3,135 2,473 0 661 439 11,994 10,618 1,258 118 5,915 0 5,915

23,693 15,904 2,288 1,519 0 769 525 13,616 11,977 1,535 105 7,789 90 7,699

26,331 16,869 2,299 1,562 0 737 478 14,570 12,722 1,821 28 9,462 203 9,259

25,368 14,355 1,948 1,424 0 524 285 12,407 10,652 1,741 14 11,014 188 10,826

25,682 12,697 1,669 1,367 0 302 112 11,027 10,079 949 0 12,985 184 12,801

29,289 13,551 1,882 1,666 0 216 95 11,669 10,601 1,068 0 15,738 199 15,539

36,769 14,751 1,750 1,455 0 295 203 13,001 11,122 1,385 494 22,018 255 21,763

1,512 0

1,520 0

699 0

654 0

582 0

564 0

517 0

253 0

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

2,282 2,282 669 654 0 15 2 1,614 940 574 99 0 0 0

4,629 1,151 344 274 0 71 40 807 424 326 57 3,478 0 3,478

7,054 3,079 665 567 0 98 73 2,414 2,101 294 20 3,975 85 3,889

9,233 3,717 356 282 0 74 17 3,361 2,971 385 4 5,516 133 5,383

6,283 1,115 135 70 0 65 34 980 670 310 0 5,168 0 5,168

13,455 1,440 77 65 0 12 12 1,363 1,299 64 0 12,015 0 12,015

13,056 693 240 238 0 2 2 453 360 93 0 12,364 0 12,364

15,642 1,480 92 73 0 19 19 1,388 1,162 226 0 14,162 0 14,162

.. ..

.. ..

268 0

185 0

369 0

31 0

38 0

12 0

1 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

2,216 2,216 145 125 0 19 0 2,072 19 1,894 158 0 0 0

5,992 2,985 436 375 0 61 6 2,549 1,616 834 99 3,007 0 3,007

5,598 3,310 1,602 1,546 0 56 30 1,708 1,594 75 39 2,288 0 2,288

5,991 2,191 177 98 0 78 45 2,014 1,844 90 80 3,800 0 3,800

6,443 2,512 343 130 0 213 184 2,169 1,847 307 14 3,931 0 3,931

12,275 2,280 280 80 0 200 170 2,000 1,205 782 14 9,995 0 9,995

13,560 1,463 248 119 0 129 36 1,215 1,103 112 0 12,097 0 12,097

13,736 2,893 562 491 0 71 23 2,331 2,228 103 0 10,843 0 10,843

.. ..

.. ..

108 0

217 0

1,172 0

55 0

95 0

22 0

64 0

281 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

66 66 524 529 0 -5 2 -458 921 -1,320 -59 0 0 0

-1,363 -1,834 -92 -102 0 10 34 -1,742 -1,192 -508 -42 472 0 472

1,456 -231 -936 -979 0 42 44 705 506 219 -20 1,687 85 1,601

3,243 1,527 180 184 0 -4 -28 1,347 1,127 296 -76 1,716 133 1,583

-160 -1,397 -208 -60 0 -147 -150 -1,189 -1,177 2 -14 1,237 0 1,237

1,180 -840 -203 -15 0 -188 -158 -637 94 -718 -14 2,020 0 2,020

-503 -770 -8 119 0 -127 -34 -762 -742 -20 0 267 0 267

1,906 -1,413 -470 -418 0 -52 -3 -943 -1,066 123 0 3,319 0 3,319

.. ..

.. ..

160 0

-33 0

-802 0

-24 0

-57 0

-10 0

-63 0

-280 0

5. LONG-TERM DEBT

266 HUNGARY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

1,528 1,528 184 175 1 9 1 1,344 241 1,034 69 0 0 0

1,516 1,179 195 163 0 32 17 983 898 76 9 337 0 337

1,297 978 152 123 0 29 17 826 761 60 5 319 1 318

1,303 1,002 133 98 0 35 22 869 794 70 5 300 10 290

1,325 943 133 95 0 38 24 810 726 83 2 382 18 364

1,287 846 117 92 0 25 11 729 639 91 0 441 17 424

1,100 693 98 79 0 19 10 595 544 51 0 408 18 390

1,243 700 110 89 0 20 14 590 537 53 0 543 22 522

.. ..

.. ..

106 0

102 0

70 0

43 0

42 0

35 0

32 0

38 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

-1,462 -1,462 340 354 -1 -14 1 -1,802 681 -2,354 -129 0 0 0

-2,878 -3,013 -287 -265 0 -22 17 -2,725 -2,090 -584 -51 135 0 135

159 -1,209 -1,088 -1,101 0 13 27 -121 -255 159 -25 1,368 84 1,284

1,940 524 47 86 0 -39 -50 478 333 226 -81 1,416 123 1,292

-1,484 -2,340 -341 -155 0 -186 -174 -1,999 -1,903 -81 -15 855 -18 873

-107 -1,686 -319 -107 0 -213 -169 -1,367 -544 -808 -14 1,579 -17 1,596

-1,604 -1,463 -106 40 0 -147 -44 -1,357 -1,286 -71 0 -141 -18 -123

663 -2,112 -580 -508 0 -72 -18 -1,533 -1,602 70 0 2,776 -22 2,798

.. ..

.. ..

54 0

-135 0

-872 0

-67 0

-99 0

-45 0

-95 0

-319 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

3,745 3,745 329 300 1 29 1 3,416 260 2,928 228 0 0 0

7,507 4,164 632 539 0 93 22 3,532 2,514 910 108 3,344 0 3,344

6,895 4,288 1,753 1,669 0 85 46 2,535 2,356 135 44 2,606 1 2,606

7,293 3,193 310 196 0 114 67 2,883 2,638 160 85 4,100 10 4,090

7,768 3,455 476 225 0 251 208 2,979 2,573 390 15 4,313 18 4,295

13,562 3,126 397 172 0 225 181 2,729 1,843 872 14 10,436 17 10,419

14,660 2,156 346 198 0 148 46 1,810 1,647 163 0 12,504 18 12,487

14,978 3,593 672 581 0 91 37 2,921 2,765 156 0 11,386 22 11,364

.. ..

.. ..

214 0

319 0

1,241 0

98 0

137 0

57 0

96 0

319 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

2,945 2,050 895

1,295 987 309

1,256 713 543

983 696 288

619 407 212

596 329 267

711 319 392

602 344 258

.. .. .. ..

.. .. .. ..

33 10,833 17,931 0

439 9,455 14,731 6,313

525 11,467 15,275 8,418

478 13,829 16,332 9,999

285 15,462 13,874 11,495

112 16,352 12,261 13,421

95 19,619 12,928 16,361

203 26,321 13,949 22,820

55.1 .. .. 22.8 0.8 0.6 19.2 1.5 0.0 0.0

62.8 .. .. 18.9 0.8 0.6 15.6 1.4 0.0 0.0

72.0 .. .. 19.3 0.0 0.6 7.2 0.9 0.0 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

.. 26.3 0.1 25.4 0.3 3.9 18.5 17.9 0.0 7.7

.. 30.6 1.6 37.4 0.7 3.0 18.7 2.2 0.0 5.8

.. 34.0 2.2 33.3 0.7 3.0 19.4 2.3 0.0 5.1

.. 26.6 1.2 29.6 0.6 1.3 20.9 1.7 0.0 18.0

.. 22.1 1.2 26.4 0.7 0.6 23.3 1.7 0.0 24.0

267 HUNGARY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION -2,699 3,913 1,401 .. 805 -1,365 2,718 2,005 .. -457 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 1,113 -1,840 1,098 -288 506 96 -316 .. 149 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-354 449 0 0 0 -1,113 310

784 1,651 0 0 0 -849 -18

4,653 542 0 0 0 1,637 2,474

10,827 4,426 0 0 0 2,057 3,517

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

8.9 9.9 5.1 5.0

4.1 9.2 5.0 26.9

5.3 7.6 5.8 19.3

4.8 7.6 4.2 24.6

5.2 5.8 4.7 18.2

5.2 11.8 9.5 29.7

3.8 8.7 4.4 26.7

4.2 9.6 9.1 33.3

.. .. .. ..

.. .. .. ..

8.4 12.3 5.1 7.6

6.0 14.0 3.3 20.4

5.8 14.3 3.7 22.0

4.2 16.5 3.6 33.5

4.8 11.9 8.5 31.2

5.3 14.1 4.3 26.9

3.5 19.6 4.3 40.2

4.0 15.0 3.0 32.9

.. .. .. ..

.. .. .. ..

9.4 7.2 5.0 2.0

3.2 6.7 5.8 30.2

5.3 6.6 6.1 18.9

4.8 6.7 4.3 23.7

5.3 5.3 4.4 17.0

5.2 11.4 10.4 30.2

3.9 5.0 4.5 22.1

4.2 9.4 9.4 33.3

.. .. 3,547 1,209 3,029 3,503 1,010 .. .. 1,889 406 411 330 86 .. .. 1,658 804 2,618 3,173 924 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,670 240 1,430

697 177 520

1,391 57 1,334

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

277 6,778 1,131

144 7,892 954

67 4,633 709

25 4,239 585

12 3,929 452

8 2,506 381

4 1,811 327

2 1,751 287

0 124 164

0 1,512 159

103 108 87

85 142 85

42 169 73

25 171 64

12 303 58

8 148 45

4 130 39

2 91 30

0 73 21

0 60 18

25 34 10

12 44 9

5 39 8

2 36 7

0 32 6

0 32 5

0 25 4

0 6 3

0 6 3

0 6 2

77 75 77

73 98 76

37 129 65

23 136 57

12 271 52

8 116 40

4 105 35

2 85 27

0 67 19

0 54 16

174 6,669 1,043

59 7,750 870

25 4,464 636

0 4,068 521

0 3,626 394

0 2,358 336

0 1,681 288

0 1,660 257

0 51 142

0 1,452 141

84 421 51

34 135 41

0 57 39

0 58 36

0 187 34

0 16 29

0 16 28

0 389 17

0 16 7

0 79 6

0 6,248 992

0 7,615 828

0 4,408 597

0 4,010 485

0 3,439 360

0 2,342 307

0 1,665 260

0 1,271 239

0 35 135

0 1,373 134

268 INDIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

8,427 8,144 8,044 100 0 283 0 0 0 0 0 0 0

20,695 18,447 18,111 336 977 1,271 0 0 0 0 0 0 0

83,628 72,462 70,974 1,488 2,623 8,544 0 0 0 0 0 0 5,998

94,317 88,606 79,398 9,208 664 5,046 0 0 0 0 0 0 7,861

97,637 93,021 84,611 8,409 288 4,329 0 0 0 0 0 0 3,431

98,313 94,354 86,410 7,944 26 3,933 0 0 0 0 0 0 3,407

99,098 95,636 83,156 12,480 0 3,462 0 0 0 0 0 0 3,495

97,517 94,775 83,101 11,674 0 2,742 0 0 0 0 0 0 3,271

106,313 101,744 88,165 13,579 0 4,569 0 0 0 0 0 0 3,182

113,467 108,731 92,822 15,909 0 4,736 0 0 0 0 0 0 3,445

930 930 0 549 344 205 381 0 198 198 0 0 183 747 542 205 0

3,492 2,469 1,023 781 772 9 3,283 573 645 506 4 134 2,639 1,426 1,278 14 134

8,344 6,590 1,754 3,376 2,650 726 6,011 1,043 4,811 3,778 134 899 1,200 8,187 6,429 859 899

7,619 7,619 0 7,549 6,936 613 -1,610 -1,680 4,864 4,465 50 349 -6,474 12,413 11,401 663 349

10,730 10,730 0 6,964 6,574 390 3,049 -717 5,120 4,769 25 327 -2,072 12,084 11,342 415 327

5,619 5,619 0 6,324 6,063 262 -1,101 -396 3,782 3,566 7 209 -4,883 10,107 9,628 269 209

10,527 10,527 0 6,686 6,661 25 3,371 -471 4,182 3,996 1 185 -811 10,868 10,657 26 185

4,274 4,274 0 5,477 5,477 0 -1,924 -720 3,849 3,737 0 112 -5,773 9,326 9,214 0 112

6,712 6,712 0 9,493 9,493 0 -954 1,827 3,785 3,639 0 146 -4,739 13,278 13,132 0 146

9,694 9,694 0 14,314 14,314 0 -4,453 167 6,074 5,935 0 140 -10,528 20,389 20,249 0 140

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

779 586 46 0 147 46 746 34

2,425 1,697 79 0 649 151 1,557 868

4,689 3,940 237 0 512 341 2,846 1,842

7,365 683 3,577 2,556 549 333 144 7,222

6,679 4,156 2,635 -601 490 313 1,470 5,209

4,517 -443 2,169 2,317 475 297 1,542 2,975

9,304 3,867 2,496 2,475 466 309 229 9,075

6,069 -1,204 3,768 2,952 554 336 919 5,151

2,687 -2,781 3,700 1,064 704 351 -3,123 5,810

8,492 -4,620 4,269 8,237 606 432 -2,159 10,651

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

581 198 0 576 5

1,907 506 12 1,206 701

886 3,778 24 1,350 -464

2,310 4,465 590 -1,456 3,766

1,162 4,769 748 -85 1,247

338 3,566 614 1 336

3,394 3,996 1,914 -1,193 4,587

-316 3,737 2,648 -378 62

-3,252 3,639 2,300 -4,381 1,130

-179 5,935 2,736 -3,030 2,851

60,061 .. 121 .. 1,023 ..

182,201 15,088 2,757 17,451 12,010 -1,785

443,406 64,308 11,124 68,457 36,005 -3,228

453,593 72,762 11,695 81,393 41,059 -4,348

475,990 76,897 11,059 80,552 49,051 177

506,269 93,958 13,751 91,381 71,608 3,727

597,574 112,409 17,406 105,822 103,737 8,160

.. 14.0 .. .. 0.3 12.1 .. 3.4 79.8 18.5

137.2 11.4 9.4 4.3 0.4 58.0 8.3 6.1 74.2 29.3

152.9 22.2 15.7 5.9 0.9 36.6 6.3 4.0 45.4 31.9

136.2 21.8 14.9 5.7 0.9 41.4 6.1 3.5 37.9 30.7

126.8 20.5 12.1 5.0 0.8 50.3 7.3 2.8 37.8 31.8

113.1 21.0 14.1 4.0 0.7 67.4 9.4 4.3 37.6 27.7

100.9 19.0 18.1 5.4 1.0 91.4 11.8 4.2 37.8 26.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

312,732 25,699 2,384 33,220 5,637 -7,036

406,121 56,593 10,331 63,175 28,385 -2,965

410,267 57,025 9,479 64,810 30,647 -6,903

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

325.4 26.7 31.9 18.7 1.5 6.7 2.0 10.2 46.2 26.0

166.7 23.2 21.9 8.6 1.2 30.1 5.4 5.4 41.2 31.2

171.2 23.8 21.2 9.0 1.2 31.4 5.7 4.4 41.1 31.3

269 INDIA (US$ million, unless otherwise indicated) 1970

1980

1990

8,144 8,044 7,714 1,562 1,065 6,153 5,658 330 2 45 283 100 0 100

18,447 18,111 16,450 6,070 5,244 10,379 10,115 1,661 2 1,498 161 336 0 336

72,462 70,974 48,337 21,768 13,657 26,569 25,006 22,637 2,613 16,130 3,894 1,488 0 1,488

496 1,065

827 5,142

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

930 905 864 100 60 764 710 41 0 16 25 25 0 25

1997

1998

1999

2000

2001

2002

2003

88,606 79,398 52,165 29,391 18,230 22,775 20,607 27,233 1,948 20,216 5,068 9,208 3,802 5,406

93,021 84,611 53,654 30,516 18,875 23,138 21,272 30,957 5,996 20,924 4,037 8,409 3,646 4,763

94,354 86,410 58,545 31,360 19,332 27,184 25,350 27,865 5,722 18,514 3,630 7,944 2,874 5,070

95,636 83,156 50,626 30,463 19,168 20,163 18,341 32,530 10,215 21,182 1,133 12,480 1,515 10,965

94,775 83,101 49,795 31,054 19,742 18,741 17,083 33,306 10,101 22,515 690 11,674 1,313 10,361

101,744 88,165 49,803 29,497 21,328 20,306 18,674 38,362 9,987 27,801 574 13,579 1,183 12,396

108,731 92,822 50,882 29,462 22,975 21,420 19,919 41,940 7,229 34,174 537 15,909 996 14,913

7,685 13,312

8,138 17,912

7,990 18,562

7,816 18,930

7,080 18,888

7,010 19,458

5,082 21,011

4,128 22,632

2,469 2,184 1,511 863 689 648 540 673 0 639 33 285 0 285

6,590 6,376 3,572 2,210 785 1,361 1,129 2,804 427 1,983 395 214 0 214

7,619 5,733 3,708 2,021 856 1,687 1,445 2,025 650 903 472 1,886 1,371 515

10,730 10,230 4,464 2,040 885 2,423 1,887 5,766 4,234 931 601 500 300 200

5,619 5,319 3,879 2,089 929 1,790 1,484 1,441 0 845 596 300 0 300

10,527 10,227 3,242 2,371 1,075 871 681 6,985 5,512 875 598 300 0 300

4,274 3,974 3,607 2,462 1,214 1,144 1,000 367 0 319 48 300 0 300

6,712 6,172 2,900 1,947 901 953 824 3,272 0 3,271 1 540 240 300

9,694 5,113 3,482 2,284 787 1,197 1,154 1,631 1,348 279 4 4,581 206 4,375

41 60

174 652

1,219 762

542 830

535 866

644 816

706 1,054

803 1,195

647 886

782 775

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

344 319 266 40 0 226 167 53 0 10 43 25 0 25

772 681 603 86 15 517 488 78 0 34 44 91 0 91

2,650 2,332 1,237 609 128 629 558 1,094 280 250 564 318 0 318

6,936 6,644 4,114 1,217 274 2,897 2,654 2,530 2 1,159 1,369 293 150 143

6,574 6,282 3,483 1,295 313 2,188 1,924 2,799 264 837 1,698 292 149 143

6,063 5,155 2,811 1,403 351 1,409 1,165 2,344 361 976 1,008 907 765 143

6,661 6,412 3,479 1,740 387 1,739 1,413 2,933 0 2,711 222 249 35 214

5,477 5,209 3,242 1,423 441 1,819 1,504 1,967 86 1,402 479 269 45 224

9,493 8,873 6,727 5,267 468 1,460 1,133 2,146 142 1,860 144 620 370 250

14,314 11,861 6,247 4,024 545 2,223 1,933 5,614 4,179 1,366 69 2,454 320 2,133

40 0

71 15

472 114

820 250

842 288

899 330

994 367

724 429

3,031 456

1,871 532

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

586 586 598 60 60 538 543 -12 0 6 -18 0 0 0

1,697 1,503 908 777 674 131 51 595 0 605 -10 194 0 194

3,940 4,044 2,334 1,602 657 732 572 1,710 147 1,733 -170 -104 0 -104

683 -911 -406 804 583 -1,210 -1,209 -505 648 -256 -897 1,594 1,221 373

4,156 3,947 980 745 572 235 -37 2,967 3,970 94 -1,097 208 151 58

-443 164 1,067 687 578 381 319 -903 -361 -131 -412 -607 -765 158

3,867 3,815 -237 631 689 -868 -732 4,052 5,512 -1,836 376 51 -35 86

-1,204 -1,235 365 1,040 773 -675 -504 -1,600 -86 -1,083 -431 31 -45 76

-2,781 -2,701 -3,827 -3,320 434 -507 -310 1,126 -142 1,412 -143 -80 -130 50

-4,620 -6,748 -2,765 -1,739 242 -1,026 -779 -3,982 -2,830 -1,087 -65 2,127 -114 2,241

1 60

103 637

747 648

-278 580

-307 578

-254 486

-288 688

79 766

-2,383 430

-1,089 243

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

270 INDIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

198 192 170 34 7 136 110 22 0 3 19 6 0 6

506 476 351 101 35 250 236 125 0 113 12 30 0 30

3,778 3,643 1,497 738 100 759 634 2,147 180 1,751 216 135 0 135

4,465 4,292 1,600 907 136 693 539 2,692 99 2,212 381 173 154 19

4,769 4,302 1,555 887 139 668 522 2,747 118 2,297 332 467 265 202

3,566 3,064 1,541 875 143 666 524 1,523 229 1,030 264 502 243 259

3,996 3,338 1,422 835 142 588 469 1,916 143 1,712 62 658 224 434

3,737 3,395 1,296 773 145 523 433 2,098 342 1,706 51 342 213 129

3,639 3,473 1,259 739 151 520 417 2,214 336 1,859 18 166 164 2

5,935 5,388 871 455 164 416 372 4,516 1,388 3,116 12 547 51 496

27 7

66 35

615 97

590 131

536 135

491 139

429 139

367 141

341 148

177 161

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

388 394 429 26 52 402 433 -34 0 3 -37 -6 0 -6

1,191 1,027 557 676 639 -119 -185 470 0 492 -22 164 0 164

161 401 837 864 557 -27 -63 -437 -33 -18 -385 -239 0 -239

-3,782 -5,203 -2,005 -103 447 -1,903 -1,748 -3,197 549 -2,468 -1,278 1,420 1,067 353

-613 -354 -575 -142 433 -433 -559 221 3,853 -2,204 -1,428 -259 -114 -144

-4,009 -2,900 -474 -188 435 -285 -204 -2,426 -589 -1,161 -676 -1,110 -1,008 -102

-130 477 -1,659 -204 546 -1,455 -1,201 2,136 5,369 -3,547 314 -606 -259 -347

-4,941 -4,630 -931 267 628 -1,198 -937 -3,699 -428 -2,789 -482 -311 -258 -52

-6,420 -6,174 -5,086 -4,058 282 -1,027 -727 -1,088 -479 -448 -162 -246 -294 48

-10,555 -12,135 -3,636 -2,194 78 -1,443 -1,151 -8,499 -4,218 -4,203 -77 1,580 -165 1,745

-26 52

37 602

132 551

-868 449

-843 444

-745 347

-716 549

-288 625

-2,724 282

-1,266 82

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

542 511 436 74 7 361 277 75 0 12 63 31 0 31

1,278 1,157 954 187 50 767 724 203 0 147 56 121 0 121

6,429 5,975 2,734 1,347 229 1,388 1,192 3,241 460 2,001 780 453 0 453

11,401 10,935 5,713 2,123 410 3,590 3,193 5,222 101 3,371 1,750 466 304 162

11,342 10,584 5,038 2,182 452 2,856 2,446 5,545 382 3,134 2,029 759 414 344

9,628 8,219 4,352 2,277 494 2,075 1,689 3,866 589 2,006 1,271 1,410 1,008 402

10,657 9,751 4,901 2,574 529 2,326 1,882 4,850 143 4,423 284 906 259 647

9,214 8,604 4,538 2,196 586 2,342 1,937 4,066 428 3,108 530 611 258 352

13,132 12,346 7,986 6,006 619 1,980 1,550 4,360 479 3,719 163 786 534 252

20,249 17,248 7,118 4,478 709 2,640 2,305 10,130 5,566 4,483 81 3,001 371 2,630

67 7

137 50

1,087 211

1,410 381

1,378 423

1,389 469

1,423 506

1,091 570

3,372 604

2,048 693

1,893 1,730 162

8,599 7,695 904

26,464 22,840 3,623

23,445 17,830 5,615

25,139 15,434 9,705

22,639 13,853 8,786

16,333 15,161 1,172

16,645 15,640 1,005

17,256 16,787 469

15,363 15,179 185

6,723 100 7,720 425

15,359 790 18,024 750

38,662 12,169 73,059 2,026

38,837 24,565 79,518 9,753

40,147 24,761 84,375 8,933

44,682 24,934 85,940 8,440

37,509 30,239 82,680 12,956

36,825 28,063 82,635 12,140

40,001 25,730 87,754 13,990

42,894 27,229 92,469 16,262

5.5 .. .. 11.2 3.5 0.4 70.4 7.9 0.3 0.8

5.9 .. .. 11.8 3.2 0.4 73.8 3.9 0.3 0.8

5.3 .. .. 13.0 2.8 0.3 76.9 0.8 0.3 0.7

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 9.4 1.3 5.1 24.1 0.3 40.2 6.2 0.0 13.4

.. 9.9 2.3 6.7 26.6 0.1 39.0 6.4 1.8 9.0

.. 6.0 1.7 9.7 6.1 0.6 60.7 11.0 4.0 3.9

.. 5.3 1.8 12.2 4.1 0.5 60.0 13.0 1.1 2.8

.. 5.4 1.6 13.5 3.9 0.4 60.6 11.8 0.6 2.5

.. 4.9 1.3 15.3 3.6 0.3 61.3 10.9 0.2 2.2

.. 3.9 1.2 11.4 3.7 0.3 68.5 9.1 0.3 1.7

271 INDIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 3,320 676 .. 8,222 850 3,283 6,011 -1,610 3,049 -1,101 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 250 .. -849 -4,891 -1,495 7,351 1,767 1,527 .. 3,059 9. AVERAGE TERMS OF NEW COMMITMENTS

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

785 3,371 0 0 0 -4,756 2,170

-1,582 -1,924 0 0 0 -1,708 2,050

8,796 -954 0 0 0 3,545 6,205

7,154 -4,453 0 0 0 3,924 7,684

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 381 .. .. .. .. ..

2.5 34.0 8.2 42.3

5.4 32.4 7.2 40.7

5.4 21.9 7.9 33.9

5.0 19.5 6.4 34.1

3.2 9.8 5.6 31.2

3.9 23.2 6.4 43.4

4.7 11.4 5.3 25.4

3.6 23.7 6.6 45.6

2.3 23.8 7.2 54.8

1.2 21.8 7.0 60.6

2.2 35.4 8.5 45.1

2.5 40.0 8.3 53.8

3.9 28.7 8.4 49.1

3.6 27.1 7.9 50.1

3.6 25.9 7.4 49.6

3.7 26.7 7.2 49.1

5.5 24.0 6.6 33.5

3.6 24.4 6.7 46.9

2.2 26.1 7.5 58.1

0.5 25.9 7.2 70.4

6.3 12.9 4.5 0.0

14.0 10.7 4.0 2.9

6.8 15.0 7.3 18.9

6.7 10.4 4.7 15.0

3.2 6.3 5.1 27.2

4.8 3.4 2.4 11.1

4.3 5.0 4.7 21.2

5.4 3.7 3.7 13.8

2.6 5.0 4.7 27.4

4.1 5.9 5.9 22.9

983 5,476 8,698 7,938 11,847 2,557 10,692 921 4,064 4,340 4,322 2,111 2,175 3,636 62 1,413 4,358 3,616 9,736 382 7,056 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

5,381 5,181 200

4,893 4,364 529

1,439 1,144 295

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

4,745 7,197 4,090

3,508 11,936 4,314

2,441 7,038 3,831

1,762 7,366 3,749

1,195 5,326 3,655

706 3,510 3,568

451 3,561 3,479

234 3,371 3,385

152 3,397 3,300

82 3,362 3,217

4,631 2,541 912

3,460 2,473 935

2,424 2,811 955

1,756 2,998 932

1,195 3,100 905

706 3,153 845

451 3,122 782

234 3,151 718

152 3,226 653

82 3,205 587

2,573 1,568 561

1,413 1,413 564

647 1,565 543

366 1,566 509

135 1,524 471

66 1,504 432

38 1,439 394

12 1,429 356

9 1,442 319

0 1,399 283

2,058 972 351

2,048 1,060 371

1,776 1,247 413

1,390 1,432 423

1,060 1,577 434

640 1,648 413

413 1,683 388

222 1,723 362

142 1,784 334

82 1,806 304

113 4,657 3,178

47 9,463 3,379

17 4,227 2,875

6 4,369 2,817

0 2,226 2,751

0 358 2,723

0 439 2,697

0 219 2,667

0 171 2,648

0 157 2,630

113 990 2,583

47 352 2,565

17 491 2,554

6 629 2,543

0 197 2,527

0 210 2,516

0 91 2,507

0 71 2,503

0 24 2,500

0 19 2,499

0 3,667 596

0 9,111 813

0 3,736 321

0 3,740 274

0 2,029 224

0 148 207

0 348 190

0 148 164

0 147 148

0 138 131

272 INDONESIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

4,528 4,043 3,582 461 138 346 7 7 0 66 54 11 0

20,938 18,163 15,021 3,142 0 2,775 0 0 0 0 0 0 0

69,872 58,242 47,982 10,261 494 11,135 0 0 0 1 1 0 10,032

136,161 100,326 55,857 44,469 2,970 32,865 0 0 0 0 0 0 20,926

151,236 122,033 67,305 54,728 9,090 20,113 0 0 0 2,710 0 2,710 9,603

151,201 120,923 73,658 47,265 10,248 20,029 3,500 0 3,500 3,000 0 3,000 10,166

144,407 110,934 69,765 41,169 10,838 22,635 4,635 8 4,627 3,000 0 3,000 10,780

134,045 103,124 68,719 34,405 9,113 21,808 5,635 8 5,627 3,000 0 3,000 11,111

131,755 100,084 70,058 30,026 8,861 22,809 6,409 8 6,401 3,000 0 3,000 11,916

134,389 101,205 73,412 27,793 10,276 22,908 7,408 8 7,400 9,403 0 9,403 14,483

674 636 38 123 120 3 551 0 46 46 0 0 506 169 165 3 0

3,246 3,246 0 1,632 1,632 0 2,280 667 1,452 1,182 0 270 828 3,084 2,814 0 270

10,024 10,024 0 5,969 5,812 157 7,216 3,160 3,978 3,413 59 506 3,238 9,946 9,224 216 506

22,454 19,425 3,029 13,010 13,010 0 10,078 635 6,726 5,116 0 1,610 3,352 19,737 18,126 0 1,610

16,392 10,619 5,772 11,202 11,202 0 -4,561 -9,750 7,107 5,601 182 1,324 -11,668 18,310 16,804 182 1,324

9,460 8,078 1,382 11,711 11,711 0 -3,834 -1,584 5,954 4,599 366 989 -9,788 17,665 16,310 366 989

7,165 6,043 1,123 9,296 9,296 0 -659 1,471 7,385 5,702 526 1,157 -8,044 16,681 14,998 526 1,157

4,683 4,289 394 9,633 7,881 1,752 -5,977 -1,028 5,900 4,566 470 863 -11,675 15,532 12,447 2,222 863

5,232 3,806 1,426 12,924 10,548 2,376 -7,465 227 4,046 3,183 263 600 -11,512 16,970 13,732 2,638 600

9,703 7,778 1,925 14,259 12,889 1,370 -5,455 -900 4,195 3,392 164 638 -9,650 18,453 16,281 1,534 638

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

686 517 83 0 87 26 441 245

1,902 1,613 180 0 109 187 915 987

5,589 4,213 1,093 0 283 401 2,666 2,923

6,314 6,414 4,677 -4,987 210 373 744 5,570

-5,031 -583 -356 -4,371 279 316 2,975 -8,006

-6,733 -3,633 -2,745 -782 427 339 3,856 -10,589

-8,454 -3,254 -4,550 -1,021 371 422 2,179 -10,633

-6,163 -3,592 -3,278 442 265 406 871 -7,034

-7,077 -6,742 -1,513 877 302 467 -143 -6,934

-4,294 -5,111 -597 1,131 283 483 -609 -3,685

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

641 46 0 421 220

720 1,182 0 603 117

-16 3,413 2,192 1,081 -1,097

-143 5,116 1,341 -1,351 1,208

-14,173 5,601 3,541 925 -15,098

-15,036 4,599 3,704 1,394 -16,430

-17,730 5,702 3,574 -426 -17,304

-13,887 4,566 3,158 -1,793 -12,094

-13,475 3,183 3,215 -1,991 -11,484

-10,441 3,392 2,754 -2,557 -7,884

9,698 .. 0 .. 160 ..

74,806 .. 0 .. 6,803 ..

129,338 58,840 1,109 53,862 27,345 5,783

139,253 74,269 1,190 66,903 29,353 7,992

137,084 65,915 1,046 59,489 28,104 6,901

167,116 68,405 1,259 60,762 32,034 8,124

199,028 71,090 1,489 63,935 36,256 7,534

.. 46.7 .. .. 0.5 3.5 .. 7.7 62.2 0.1

.. 28.0 .. .. 1.9 32.5 .. 13.3 36.4 8.8

257.0 116.9 30.0 10.1 4.6 18.1 6.1 13.2 21.3 13.1

194.4 103.7 22.5 9.9 5.3 20.3 5.3 15.7 21.0 13.8

203.4 97.8 23.6 9.0 4.3 21.0 5.7 16.3 21.0 14.5

192.6 78.8 24.8 5.9 2.4 24.3 6.3 17.3 24.1 14.8

189.0 67.5 26.0 5.9 2.1 27.0 6.8 17.0 27.4 14.1

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

109,209 29,870 166 33,110 8,657 -2,988

209,440 65,819 725 71,017 17,487 -4,889

90,063 57,718 959 54,129 23,606 4,097

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

233.9 64.0 33.3 13.3 3.6 12.4 3.1 15.9 26.4 20.4

206.9 65.0 30.0 10.2 3.2 12.8 3.0 24.1 17.7 11.6

262.0 167.9 31.7 12.3 7.9 15.6 5.2 13.3 18.4 11.8

273 INDONESIA (US$ million, unless otherwise indicated) 1970

1980

1990

4,043 3,582 3,210 6 6 3,204 2,810 372 0 2 371 461 0 461

18,163 15,021 9,563 1,834 661 7,729 6,961 5,458 199 2,431 2,828 3,142 0 3,142

58,242 47,982 33,007 14,285 1,369 18,722 17,088 14,975 696 8,606 5,673 10,261 120 10,141

0 5

1,040 566

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

636 441 376 4 4 372 372 66 0 0 66 195 0 195

1997

1998

1999

2000

2001

2002

2003

100,326 55,857 42,523 15,799 1,581 26,723 22,508 13,334 1,191 5,877 6,266 44,469 9,661 34,808

122,033 67,305 49,074 17,892 1,652 31,181 26,164 18,231 1,191 10,999 6,041 54,728 9,596 45,132

120,923 73,658 56,083 19,733 1,672 36,350 30,494 17,576 971 11,781 4,824 47,265 8,433 38,832

110,934 69,765 55,107 19,904 1,642 35,202 28,623 14,658 971 9,835 3,852 41,169 6,337 34,832

103,124 68,719 52,948 19,372 1,576 33,576 26,554 15,771 945 11,783 3,043 34,405 4,981 29,424

100,084 70,058 56,388 19,439 1,710 36,949 30,085 13,670 779 10,002 2,889 30,026 4,511 25,516

101,205 73,412 60,196 18,902 1,905 41,294 34,889 13,216 1,979 8,531 2,706 27,793 3,854 23,940

9,542 842

9,991 715

10,692 694

11,424 682

11,715 714

11,435 722

10,729 794

9,779 880

3,246 2,551 1,130 431 48 698 592 1,421 45 1,013 363 695 0 695

10,024 5,009 3,969 1,794 145 2,175 1,979 1,041 0 487 553 5,015 120 4,895

19,425 6,295 3,958 1,586 35 2,372 1,656 2,337 50 1,344 943 13,129 3,378 9,751

10,619 7,405 5,238 2,369 47 2,870 2,476 2,166 0 1,851 315 3,215 500 2,715

8,078 6,078 5,809 2,557 48 3,252 3,136 269 0 245 24 2,000 0 2,000

6,043 3,693 3,424 1,750 108 1,674 1,134 268 0 262 6 2,350 350 2,000

4,289 2,289 2,129 1,126 75 1,003 981 160 0 112 48 2,000 0 2,000

3,806 2,156 1,792 1,198 111 594 587 364 300 41 24 1,650 150 1,500

7,778 3,647 1,510 804 148 706 687 2,137 1,200 924 14 4,131 250 3,881

0 3

331 42

987 0

899 0

1,212 0

1,495 11

1,051 59

546 39

332 87

317 91

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

120 59 22 0 0 22 19 37 0 1 37 61 0 61

1,632 939 324 38 4 286 184 616 5 190 421 693 0 693

5,812 4,588 1,586 677 24 909 611 3,001 94 1,718 1,190 1,224 0 1,224

13,010 5,702 3,424 1,671 44 1,754 1,207 2,277 0 1,380 897 7,309 309 7,000

11,202 4,161 2,542 989 51 1,554 1,109 1,619 0 970 649 7,041 641 6,400

11,711 5,473 2,380 1,077 59 1,303 997 3,093 220 2,580 292 6,238 1,238 5,000

9,296 3,896 1,616 1,116 69 500 334 2,280 0 2,106 174 5,400 2,400 3,000

7,881 3,123 1,523 1,174 65 349 296 1,600 26 1,526 48 4,759 1,350 3,408

10,548 4,320 2,237 1,489 66 748 606 2,083 235 1,727 120 6,229 621 5,608

12,889 5,082 2,402 1,726 67 676 414 2,680 0 2,571 109 7,807 850 6,957

0 0

31 1

551 11

1,144 20

733 21

762 24

761 26

826 27

1,038 27

1,267 27

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

517 383 354 4 4 350 353 28 0 0 29 134 0 134

1,613 1,611 806 393 44 412 409 805 40 823 -58 2 0 2

4,213 422 2,382 1,117 122 1,265 1,368 -1,961 -94 -1,231 -636 3,791 120 3,671

6,414 594 534 -85 -9 619 449 60 50 -36 46 5,821 3,070 2,751

-583 3,243 2,696 1,380 -4 1,316 1,367 547 0 881 -334 -3,826 -141 -3,685

-3,633 605 3,429 1,479 -11 1,949 2,139 -2,824 -220 -2,336 -268 -4,238 -1,238 -3,000

-3,254 -203 1,808 635 39 1,174 800 -2,012 0 -1,844 -168 -3,050 -2,050 -1,000

-3,592 -834 606 -49 10 654 685 -1,440 -26 -1,414 0 -2,759 -1,350 -1,408

-6,742 -2,163 -445 -292 45 -154 -18 -1,718 65 -1,687 -97 -4,579 -471 -4,108

-5,111 -1,435 -892 -922 81 30 273 -543 1,200 -1,648 -95 -3,676 -600 -3,076

0 3

301 40

436 -11

-245 -20

479 -21

733 -12

290 33

-280 12

-706 60

-950 64

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

274 INDONESIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

46 25 20 0 0 20 18 4 0 0 4 21 0 21

1,182 824 312 107 6 205 130 512 14 268 230 358 0 358

3,413 2,808 1,585 990 16 595 451 1,223 62 699 462 605 0 605

5,116 3,215 2,095 1,020 26 1,075 745 1,120 130 593 397 1,901 551 1,350

5,601 2,970 2,051 1,039 24 1,012 706 920 107 443 370 2,631 877 1,753

4,599 3,775 2,462 1,229 24 1,233 828 1,313 133 857 323 824 824 0

5,702 3,767 2,605 1,383 25 1,222 810 1,162 72 845 246 1,935 735 1,200

4,566 3,585 2,664 1,357 26 1,307 807 921 71 642 208 980 546 434

3,183 2,287 1,849 1,295 21 553 332 439 32 351 56 896 462 434

3,392 2,323 1,948 1,121 20 827 625 375 65 230 80 1,069 447 622

0 0

89 4

731 6

704 5

723 5

822 5

950 5

927 5

867 6

736 6

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

471 358 334 4 4 330 335 24 0 0 24 113 0 113

431 787 494 286 37 207 278 293 26 555 -288 -356 0 -356

800 -2,386 798 128 105 670 917 -3,184 -156 -1,930 -1,098 3,186 120 3,066

1,298 -2,621 -1,561 -1,105 -35 -456 -296 -1,060 -80 -629 -351 3,919 2,518 1,401

-6,184 273 645 341 -28 304 661 -373 -107 438 -703 -6,457 -1,018 -5,439

-8,232 -3,170 967 251 -35 716 1,311 -4,137 -353 -3,193 -591 -5,062 -2,062 -3,000

-8,956 -3,970 -796 -748 15 -48 -10 -3,174 -72 -2,689 -414 -4,985 -2,785 -2,200

-8,158 -4,419 -2,058 -1,406 -16 -653 -122 -2,361 -97 -2,056 -208 -3,739 -1,897 -1,842

-9,926 -4,451 -2,294 -1,587 24 -707 -350 -2,157 33 -2,037 -153 -5,475 -933 -4,542

-8,503 -3,758 -2,840 -2,042 61 -797 -352 -918 1,135 -1,878 -175 -4,745 -1,047 -3,698

0 3

212 36

-294 -18

-949 -26

-244 -26

-89 -18

-659 28

-1,207 7

-1,573 54

-1,686 58

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

165 83 42 0 0 42 37 42 0 1 41 82 0 82

2,814 1,763 636 145 11 491 314 1,127 19 458 651 1,051 0 1,051

9,224 7,395 3,171 1,667 40 1,504 1,062 4,224 156 2,417 1,652 1,829 0 1,829

18,126 8,916 5,519 2,691 70 2,828 1,952 3,397 130 1,973 1,294 9,210 860 8,350

16,804 7,132 4,593 2,028 75 2,565 1,815 2,539 107 1,413 1,019 9,672 1,518 8,153

16,310 9,248 4,842 2,306 83 2,536 1,826 4,406 353 3,437 616 7,062 2,062 5,000

14,998 7,663 4,221 2,499 93 1,722 1,144 3,442 72 2,951 420 7,335 3,135 4,200

12,447 6,708 4,187 2,531 91 1,656 1,103 2,521 97 2,168 256 5,739 1,897 3,842

13,732 6,607 4,085 2,784 87 1,301 937 2,522 267 2,078 176 7,125 1,083 6,042

16,281 7,405 4,350 2,846 87 1,503 1,039 3,055 65 2,801 189 8,876 1,297 7,579

0 0

120 5

1,282 18

1,848 26

1,456 26

1,584 29

1,710 31

1,753 33

1,905 33

2,003 33

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

514 496 18

9,483 7,060 2,422

20,410 14,369 6,041

19,355 15,535 3,821

16,395 15,439 956

15,530 15,044 486

11,748 10,860 888

9,891 9,139 752

9,001 8,458 543

6,526 6,333 193

2,816 461 3,578 465

7,622 5,574 15,021 3,142

18,457 25,978 47,982 10,261

24,089 63,622 55,857 44,469

27,816 80,893 67,305 54,728

32,166 77,585 73,658 47,265

30,265 71,532 69,665 41,269

28,130 67,650 68,459 34,665

31,795 63,326 69,616 30,468

36,793 61,081 72,278 28,927

7.5 .. .. 27.9 0.9 0.6 57.5 4.6 0.1 0.8

9.0 .. .. 28.2 0.8 0.6 55.7 4.7 0.1 0.8

10.4 .. .. 28.6 0.7 0.6 54.2 4.6 0.1 0.8

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 6.0 5.5 8.0 2.1 0.6 46.3 0.0 0.0 31.4

.. 7.8 4.0 20.0 0.8 0.7 43.5 8.6 0.0 14.7

.. 5.0 3.4 34.6 1.4 0.4 20.9 27.3 0.0 7.0

.. 4.7 3.3 32.9 1.8 0.8 27.2 23.3 0.1 5.9

.. 4.3 2.8 32.4 1.6 0.6 47.5 5.4 0.1 5.2

.. 3.2 2.0 35.5 1.4 0.5 47.0 5.4 0.1 4.8

.. 2.8 1.8 32.9 1.2 0.6 50.6 5.2 0.1 4.8

275 INDONESIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 0 3,891 5,221 .. 0 0 3,002 3,300 .. 0 0 491 1,477 .. 0 0 302 700 .. 0 0 189 778 .. 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 8. DEBT STOCK-FLOW RECONCILIATION -35 .. 10,470 7,224 15,075 2,280 7,216 10,078 -4,561 -3,834 .. 0 0 0 3,500 .. 0 0 0 0 .. 0 0 0 0 3,537 1,760 .. 3,078 -5,117 .. 176 2,263 16,099 -1,461 9. AVERAGE TERMS OF NEW COMMITMENTS

2,461 0 2,262 1,534 727 0 0 0 0 0 0 0

2,769 0 2,733 1,885 848 0 0 0 0 0 0 0

3,900 1,002 2,441 1,836 604 675 551 124 0 0 0 0

3,032 0 2,515 1,949 566 408 342 66 0 0 0 0

-6,794 -659 1,135 0 0 -4,574 -2,695

-10,362 -5,977 1,000 0 0 -4,217 -368

-2,290 -7,465 774 675 0 4,180 -454

2,634 -5,455 999 408 0 5,073 1,610

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 551 .. .. .. .. ..

2.6 34.1 9.0 59.8

8.1 19.8 5.6 17.7

6.0 21.6 6.0 28.9

5.6 18.0 4.7 26.3

4.5 19.0 5.6 34.6

3.6 17.4 5.4 39.7

4.2 19.0 6.7 41.0

4.8 22.7 5.6 36.6

3.7 21.7 6.0 41.4

4.6 12.9 5.6 29.5

2.4 35.9 9.5 62.9

5.4 25.6 7.3 36.4

5.6 23.1 6.6 32.8

6.3 19.7 4.9 22.8

4.5 19.0 5.6 34.6

3.6 17.4 5.4 39.8

2.7 26.0 7.9 56.9

4.8 23.1 5.7 37.0

2.4 25.0 5.4 51.6

2.1 19.8 4.6 50.1

6.0 8.1 2.0 14.1

12.0 11.4 3.3 -9.2

7.6 16.3 4.1 15.5

4.9 16.1 4.6 30.3

0.0 0.0 0.0 0.0

4.6 14.3 4.6 28.6

6.7 6.9 4.6 13.1

4.4 8.5 1.8 20.8

8.4 9.5 8.1 3.7

6.5 7.9 6.3 14.6

520 4,277 6,687 3,425 7,375 5,250 1,942 487 2,524 5,190 1,816 7,375 5,209 1,236 33 1,753 1,497 1,608 0 41 705 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,444 1,405 39

1,834 1,444 390

2,598 1,086 1,511

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2,190 13,821 4,697

1,616 10,888 4,170

1,079 9,763 3,627

709 8,478 3,201

448 7,039 2,648

244 5,968 2,285

156 6,647 1,379

72 4,102 1,124

40 4,704 977

15 3,839 762

2,064 4,837 2,145

1,534 4,979 1,992

1,051 4,883 1,824

700 4,686 1,656

447 4,832 1,478

244 4,979 1,295

156 4,504 1,118

72 3,859 964

40 3,685 827

15 3,564 698

1,002 2,717 1,121

815 2,945 1,048

502 2,907 980

291 2,758 903

151 2,994 829

75 3,194 747

36 2,884 665

9 2,376 595

7 2,310 533

3 2,337 472

1,062 2,120 1,024

720 2,034 944

549 1,976 845

409 1,928 752

296 1,839 648

169 1,785 548

120 1,620 453

63 1,483 369

33 1,375 294

12 1,228 226

125 8,984 2,552

82 5,908 2,177

28 4,880 1,803

9 3,792 1,546

1 2,207 1,170

0 989 991

0 2,143 261

0 243 160

0 1,019 150

0 275 64

96 2,463 189

54 1,650 117

14 1,261 83

6 383 64

0 677 50

0 212 39

0 753 28

0 125 19

0 302 14

0 62 10

30 6,522 2,363

28 4,259 2,061

14 3,619 1,720

3 3,409 1,482

1 1,530 1,120

0 777 951

0 1,390 233

0 119 141

0 717 137

0 212 54

276 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. 0 .. .. .. .. .. .. .. ..

4,500 4,500 4,500 0 0 0 0 0 0 1 1 0 0

9,020 1,797 1,797 0 0 7,224 456 6 449 1,517 29 1,488 7,826

11,845 8,492 8,285 207 0 3,354 1 0 1 38 0 38 9,778

14,127 9,624 7,712 1,912 0 4,503 1 0 1 33 0 33 3,191

9,905 6,287 5,732 556 0 3,618 1 0 1 32 0 32 2,917

7,961 4,953 4,690 263 0 3,008 0 0 0 0 0 0 2,112

7,463 5,445 5,275 170 0 2,018 0 0 0 0 0 0 1,864

9,135 6,778 6,559 219 0 2,357 0 0 0 0 0 0 1,682

11,601 8,397 8,209 188 0 3,204 0 0 0 0 0 0 2,461

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

264 264 0 527 527 0 -263 0 431 431 0 0 -694 959 959 0 0

139 139 0 225 225 0 2,480 2,566 430 28 0 402 2,050 655 253 0 402

924 924 0 5,286 5,286 0 -5,763 -1,401 980 792 0 188 -6,743 6,266 6,078 0 188

3,259 3,259 0 2,256 2,256 0 2,152 1,149 806 603 0 203 1,347 3,062 2,859 0 203

1,296 1,296 0 4,602 4,602 0 -4,191 -885 668 425 0 244 -4,859 5,270 5,026 0 244

1,448 1,448 0 2,637 2,637 0 -1,798 -609 588 408 0 180 -2,386 3,225 3,045 0 180

1,917 1,917 0 880 880 0 46 -990 401 300 0 101 -355 1,281 1,181 0 101

1,930 1,930 0 1,103 1,103 0 1,166 339 355 296 0 59 811 1,458 1,399 0 59

2,390 2,390 0 1,260 1,260 0 1,977 847 394 314 0 80 1,583 1,654 1,574 0 80

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

-181 -263 81 0 1 19 -84 -97

-371 -86 -362 0 76 99 21 -392

-4,251 -4,362 53 0 58 81 -4,022 -228

1,057 1,003 24 0 30 94 -813 1,870

-3,234 -3,306 35 0 37 85 -2,084 -1,150

-1,113 -1,188 39 0 36 64 -1,305 192

1,126 1,036 55 0 35 61 15 1,111

1,156 827 276 0 53 60 113 1,043

1,314 1,130 120 0 64 75 164 1,151

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

-612 431 0 -149 -463

-399 28 0 7 -406

-5,043 792 0 -4,558 -485

454 603 0 -1,136 1,590

-3,659 425 0 -2,343 -1,316

-1,521 408 0 -1,494 -27

826 300 0 -74 899

860 296 0 37 822

1,000 314 0 91 909

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

93,270 14,073 0 16,509 12,783 -2,438

92,670 22,427 350 16,363 .. 6,589

100,582 30,131 320 18,107 .. 12,645

121,691 28,174 326 22,343 .. 5,881

113,912 33,935 333 30,841 .. 3,961

137,321 43,094 340 39,626 .. 2,063

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

32.0 4.8 6.8 3.1 0.5 284.0 9.3 0.0 0.0 13.8

44.2 10.7 23.5 3.0 0.7 .. .. 36.5 0.0 5.0

26.4 7.9 10.7 2.0 0.6 .. .. 37.8 0.0 6.5

26.5 6.1 4.5 1.4 0.3 .. .. 27.0 0.0 6.2

26.9 8.0 4.3 1.0 0.3 .. .. 25.8 0.0 4.5

26.9 8.4 3.8 0.9 0.3 .. .. 27.6 0.0 3.1

3. MAJOR ECONOMIC AGGREGATES 120,782 20,197 0 22,370 .. 327

107,233 20,039 400 18,219 .. 2,213

101,840 15,141 500 17,777 .. -2,139

4. DEBT INDICATORS 44.7 7.5 3.2 2.1 0.4 .. .. 80.1 0.0 1.3

59.1 11.0 31.3 4.9 0.9 .. .. 28.3 0.0 4.4

93.3 13.9 20.2 5.3 0.8 .. .. 31.9 0.0 3.6

277 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

4,500 4,500 903 621 0 282 264 3,597 0 1,055 2,542 0 0 0

1,797 1,797 225 116 0 110 110 1,571 0 1,055 516 0 0 0

0 0

621 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

8,492 8,285 5,902 525 0 5,377 765 2,383 0 65 2,318 207 0 207

9,624 7,712 5,109 508 0 4,601 725 2,603 0 520 2,083 1,912 0 1,912

6,287 5,732 3,020 495 0 2,525 629 2,712 0 848 1,865 556 0 556

4,953 4,690 1,625 514 0 1,111 512 3,065 0 1,041 2,024 263 0 263

5,445 5,275 1,197 465 0 732 429 4,078 0 1,682 2,397 170 0 170

6,778 6,559 1,301 409 0 892 529 5,257 0 2,484 2,773 219 0 219

8,397 8,209 1,493 360 0 1,133 771 6,716 0 2,906 3,810 188 0 188

86 0

421 0

433 0

437 0

481 0

456 0

400 0

350 0

264 264 4 4 0 0 0 261 0 0 261 0 0 0

139 139 30 30 0 0 0 109 0 0 109 0 0 0

924 924 318 91 0 227 222 606 0 64 542 0 0 0

3,259 1,350 281 39 0 242 73 1,070 0 472 598 1,909 0 1,909

1,296 1,296 185 86 0 98 21 1,111 0 360 752 0 0 0

1,448 1,448 443 128 0 315 62 1,005 0 268 737 0 0 0

1,917 1,917 255 47 0 208 89 1,662 0 824 838 0 0 0

1,930 1,780 303 12 0 291 182 1,477 0 900 577 150 0 150

2,390 2,390 268 21 0 248 172 2,121 0 790 1,332 0 0 0

0 0

4 0

0 0

78 0

28 0

74 0

114 0

44 0

12 0

14 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

527 527 89 70 0 19 9 439 0 45 394 0 0 0

225 225 86 67 0 18 18 139 0 0 139 0 0 0

5,286 5,256 4,399 86 0 4,313 50 858 0 70 788 30 0 30

2,256 2,053 1,123 89 0 1,034 128 929 0 14 915 203 0 203

4,602 3,245 2,305 100 0 2,205 149 940 0 21 919 1,357 0 1,357

2,637 2,344 1,785 108 0 1,676 127 559 0 65 494 293 0 293

880 788 275 71 0 204 150 513 0 132 380 93 0 93

1,103 1,001 243 70 0 173 120 758 0 271 487 101 0 101

1,260 1,210 169 71 0 97 19 1,041 0 513 528 50 0 50

0 0

70 0

67 0

29 0

50 0

70 0

70 0

70 0

69 0

63 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

-263 -263 -85 -66 0 -19 -9 -178 0 -45 -133 0 0 0

-86 -86 -56 -37 0 -18 -18 -30 0 0 -30 0 0 0

-4,362 -4,332 -4,081 5 0 -4,086 172 -252 0 -6 -246 -30 0 -30

1,003 -702 -843 -51 0 -792 -55 140 0 458 -318 1,706 0 1,706

-3,306 -1,949 -2,121 -14 0 -2,107 -128 172 0 339 -167 -1,357 0 -1,357

-1,188 -896 -1,342 19 0 -1,361 -65 446 0 203 242 -293 0 -293

1,036 1,129 -20 -23 0 3 -61 1,149 0 692 457 -93 0 -93

827 778 60 -58 0 118 62 718 0 629 90 49 0 49

1,130 1,180 99 -51 0 150 153 1,081 0 277 804 -50 0 -50

0 0

-66 0

-67 0

49 0

-22 0

4 0

44 0

-25 0

-56 0

-49 0

5. LONG-TERM DEBT

278 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

431 431 65 49 0 16 14 366 0 153 213 0 0 0

28 28 14 10 0 4 4 14 0 0 14 0 0 0

792 777 535 38 0 497 39 242 0 5 237 15 0 15

603 492 323 31 0 292 32 169 0 16 153 111 0 111

425 394 259 40 0 219 31 135 0 12 123 31 0 31

408 392 189 44 0 144 21 204 0 82 122 16 0 16

300 290 88 41 0 47 27 202 0 81 120 10 0 10

296 291 76 36 0 39 13 215 0 92 123 6 0 6

314 308 72 29 0 43 16 235 0 124 111 6 0 6

0 0

49 0

10 0

26 0

19 0

33 0

40 0

41 0

36 0

29 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

-694 -694 -150 -116 0 -34 -24 -544 0 -198 -346 0 0 0

-114 -114 -69 -47 0 -22 -22 -44 0 0 -44 0 0 0

-5,154 -5,109 -4,616 -33 0 -4,583 133 -494 0 -11 -482 -45 0 -45

400 -1,195 -1,166 -81 0 -1,085 -87 -29 0 442 -471 1,595 0 1,595

-3,730 -2,343 -2,380 -53 0 -2,326 -159 37 0 326 -290 -1,388 0 -1,388

-1,597 -1,288 -1,530 -25 0 -1,506 -86 242 0 122 120 -308 0 -308

736 839 -108 -64 0 -44 -88 947 0 610 337 -103 0 -103

531 488 -16 -94 0 78 49 503 0 536 -33 43 0 43

816 872 27 -80 0 107 137 845 0 152 693 -56 0 -56

0 0

-116 0

-77 0

23 0

-41 0

-29 0

5 0

-66 0

-92 0

-78 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

959 959 154 119 0 34 24 805 0 198 607 0 0 0

253 253 99 77 0 22 22 154 0 0 154 0 0 0

6,078 6,033 4,934 124 0 4,810 89 1,099 0 75 1,024 45 0 45

2,859 2,545 1,447 120 0 1,327 160 1,098 0 30 1,068 314 0 314

5,026 3,639 2,564 140 0 2,424 180 1,075 0 33 1,041 1,388 0 1,388

3,045 2,736 1,973 152 0 1,821 148 763 0 147 616 308 0 308

1,181 1,078 363 112 0 252 177 714 0 213 501 103 0 103

1,399 1,292 319 106 0 212 133 973 0 364 610 107 0 107

1,574 1,518 241 101 0 141 35 1,276 0 637 639 56 0 56

0 0

119 0

77 0

54 0

69 0

103 0

109 0

110 0

105 0

92 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

1,173 63 1,109

1,512 250 1,262

3,943 1,038 2,905

3,186 707 2,478

3,767 582 3,185

5,013 1,325 3,688

5,215 1,202 4,013

5,351 1,146 4,205

4,718 1,095 3,623

.. .. .. ..

264 1,706 4,500 0

110 1,273 1,797 0

765 7,959 8,173 319

725 8,994 7,712 1,913

629 5,625 5,722 565

512 4,287 4,670 283

429 4,609 5,258 187

529 5,676 6,542 235

771 6,964 8,193 204

.. 6.5 0.7 9.4 0.6 3.8 68.6 0.0 0.0 10.3

23.5 .. .. 7.5 0.5 6.0 61.7 0.0 0.0 0.7

34.6 .. .. 9.4 0.5 6.4 48.8 0.0 0.0 0.3

42.8 .. .. 12.6 0.4 6.8 37.2 0.0 0.0 0.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

.. 15.5 8.8 9.0 0.9 0.0 43.4 13.8 0.0 8.6

.. 0.0 0.7 4.2 0.0 0.0 88.6 6.4 0.0 0.1

.. 13.4 2.4 7.5 0.0 0.7 67.2 5.1 0.0 3.6

.. 9.2 2.0 8.3 0.0 0.9 75.8 0.0 0.0 3.9

.. 6.7 1.4 9.4 0.1 2.4 75.0 0.0 0.0 5.0

279 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION -4,856 2,282 -4,222 .. 2,502 2,152 -4,191 -263 2,480 -5,763 .. 1 0 0 0 .. 0 0 0 0 .. 0 0 0 0 84 -32 .. -6 -250 45 0 .. 27 1,157 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-1,945 -1,798 -1 0 0 -139 -7

-498 46 0 0 0 -29 -515

1,671 1,166 0 0 0 443 62

2,466 1,977 0 0 0 408 81

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

0.0 0.0 0.0 0.0

8.3 9.5 4.0 6.9

6.6 9.7 2.1 13.7

5.7 7.9 2.3 16.0

6.4 10.4 2.5 15.7

5.9 11.4 3.5 19.2

4.6 9.6 2.6 23.1

4.0 10.5 2.9 25.1

2.4 11.4 3.0 36.0

.. .. .. ..

0.0 0.0 0.0 0.0

7.3 13.5 5.0 14.4

0.0 0.0 0.0 0.0

7.1 9.5 5.4 13.3

7.6 10.3 2.8 9.7

4.9 13.4 4.4 27.1

4.9 11.1 3.9 24.4

5.6 14.0 4.4 21.8

2.4 16.9 3.6 45.0

.. .. .. ..

0.0 0.0 0.0 0.0

8.6 8.3 3.7 4.7

6.6 9.7 2.1 13.7

5.7 7.9 2.3 16.0

6.2 10.4 2.5 16.3

6.6 10.2 2.8 14.4

4.5 9.4 2.5 23.0

3.4 9.1 2.3 26.4

2.4 10.6 2.9 34.7

.. 0 1,241 277 683 2,146 2,809 .. 0 280 0 15 187 1,073 .. 0 961 277 668 1,959 1,736 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

2,288 225 2,063

1,549 445 1,104

1,555 200 1,355

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2,521 2,330 398

1,251 1,706 340

534 1,591 277

192 1,498 218

72 1,333 166

47 1,204 122

34 1,056 84

19 818 55

11 675 30

2 356 17

360 225 64

256 249 61

157 274 55

101 272 47

72 267 40

47 258 32

34 236 24

19 186 18

11 179 13

2 95 9

283 150 43

173 165 43

83 199 40

44 197 35

28 191 29

16 189 24

11 187 18

8 153 13

6 145 8

1 61 5

78 75 20

83 85 18

74 75 15

56 75 13

45 75 11

31 69 8

23 49 6

11 34 5

4 34 5

2 34 4

2,161 2,105 334

995 1,456 278

376 1,317 222

91 1,226 170

0 1,066 126

0 946 90

0 820 60

0 631 37

0 496 17

0 261 8

937 1,112 95

414 691 76

158 569 61

28 506 46

0 444 33

0 375 22

0 311 14

0 197 8

0 156 4

0 74 1

1,224 993 239

580 766 202

218 748 161

63 720 124

0 622 93

0 570 68

0 509 46

0 434 29

0 340 13

0 187 7

280 JAMAICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

982 982 160 822 0 0 0 0 0 0 0 0 0

1,913 1,505 1,430 75 309 98 0 0 0 27 8 19 0

4,746 4,043 4,009 34 357 346 124 87 37 157 84 73 651

3,759 2,957 2,769 188 118 685 73 66 7 158 133 25 506

3,884 3,149 2,969 179 105 631 74 67 7 163 137 26 225

3,912 3,044 2,878 166 83 784 120 113 7 158 133 24 213

4,705 3,857 3,755 103 60 787 144 122 22 130 110 20 210

5,363 4,398 4,304 94 40 925 151 110 41 73 66 7 183

5,479 4,680 4,595 86 24 775 164 107 56 78 68 10 141

5,584 4,593 4,516 77 9 982 190 119 71 99 80 19 148

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

184 180 4 170 170 0 13 0 63 63 0 0 -50 234 234 0 0

363 363 0 121 102 19 234 -8 159 121 23 15 75 280 223 42 15

348 292 56 401 290 111 -99 -45 260 202 34 24 -359 662 492 145 24

190 190 0 435 400 35 -109 135 193 154 7 33 -303 628 555 41 33

404 404 0 314 298 17 34 -55 175 136 5 34 -141 490 434 22 34

209 209 0 408 389 19 -91 108 194 155 4 35 -285 602 543 23 35

904 904 0 442 423 19 441 -21 261 208 4 49 180 703 631 23 49

1,037 1,037 0 422 404 18 746 131 319 284 3 33 427 741 687 21 33

613 613 0 509 490 19 -59 -163 339 319 1 19 -398 848 810 20 19

216 216 0 510 494 16 -113 181 314 298 0 16 -427 824 792 16 16

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

174 10 162 0 3 5 14 160

301 261 28 0 13 17 293 9

257 2 138 0 117 33 165 92

34 -210 203 0 41 37 -208 242

568 107 369 0 93 32 -34 602

368 -180 524 0 25 34 -85 454

994 481 468 0 45 32 83 911

1,317 633 614 0 70 37 -38 1,356

642 123 481 0 38 46 99 544

472 -278 721 0 29 39 -41 513

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

111 63 0 12 99

66 121 114 247 -181

-135 202 189 0 -135

-299 154 179 -331 32

248 136 184 -141 389

-14 155 228 -187 172

497 208 290 -37 534

733 284 301 -152 885

-111 319 434 1 -112

-152 298 326 -140 -12

1,344 .. 0 .. 139 ..

2,450 1,472 96 1,678 105 -136

7,474 4,195 758 4,502 709 -334

7,409 4,324 790 4,507 555 -216

7,622 4,571 892 4,970 1,054 -367

7,671 4,510 1,058 5,243 1,901 -759

7,846 4,573 1,260 5,603 1,645 -1,074

7,526 5,004 1,398 5,685 1,195 -761

.. 73.1 .. .. 4.7 14.2 .. 0.0 2.0 3.0

129.9 78.1 19.0 10.8 6.5 5.5 0.8 5.1 20.3 14.9

92.6 52.0 11.7 4.2 2.3 18.3 1.9 16.2 27.3 26.3

90.5 52.8 13.9 4.5 2.6 14.2 1.5 20.0 26.8 26.7

102.9 61.7 15.4 5.7 3.4 22.4 2.5 16.7 22.4 25.9

118.9 69.9 16.4 7.1 4.2 35.4 4.4 17.3 17.4 22.6

119.8 69.8 18.6 7.4 4.3 30.0 3.5 14.1 17.1 25.4

111.6 74.2 16.5 6.3 4.2 21.4 2.5 17.6 18.4 25.2

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

4,158 2,461 229 2,928 168 -312

7,314 4,189 730 4,504 682 -332

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

192.9 114.2 26.9 10.6 6.3 3.5 0.7 7.3 30.0 24.7

89.7 51.4 15.0 4.6 2.6 18.1 1.8 18.2 28.5 26.8

281 JAMAICA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

982 160 59 30 0 29 19 101 83 17 0 822 0 822

1,505 1,430 920 284 79 636 310 510 19 384 108 75 0 75

4,043 4,009 3,454 1,174 180 2,280 1,244 555 0 325 230 34 0 34

30 0

176 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

180 15 14 7 0 7 2 1 0 1 0 165 0 165

1997

1998

1999

2000

2001

2002

2003

2,957 2,769 2,419 1,008 131 1,412 941 349 77 221 51 188 55 133

3,149 2,969 2,377 1,021 127 1,357 932 592 327 208 57 179 55 124

3,044 2,878 2,347 1,043 126 1,304 923 531 263 206 62 166 55 111

3,857 3,755 2,440 1,218 155 1,222 900 1,315 1,004 260 51 103 0 103

4,398 4,304 2,250 1,213 144 1,038 791 2,053 1,810 187 56 94 0 94

4,680 4,595 2,400 1,392 157 1,008 781 2,195 1,943 184 68 86 0 86

4,593 4,516 2,450 1,407 192 1,043 836 2,066 1,821 176 69 77 0 77

672 0

431 0

409 0

393 0

415 0

443 0

495 0

476 0

363 338 317 93 33 224 84 21 0 4 17 25 0 25

292 292 253 110 9 144 103 39 0 0 39 0 0 0

190 120 108 87 9 21 9 12 0 12 0 70 0 70

404 404 129 84 5 45 13 275 250 14 11 0 0 0

209 209 168 146 2 22 21 41 0 31 9 0 0 0

904 904 311 255 18 57 25 593 553 24 16 0 0 0

1,037 1,037 173 138 5 35 23 865 819 31 15 0 0 0

613 613 265 236 15 29 18 348 300 32 16 0 0 0

216 216 142 69 27 74 59 74 50 12 11 0 0 0

7 0

55 0

35 0

26 0

31 0

64 0

98 0

91 0

84 0

15 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

170 6 2 1 0 1 1 4 2 2 0 164 0 164

102 92 37 11 0 26 2 55 9 16 31 10 0 10

290 281 205 100 8 105 19 76 0 1 75 8 0 8

400 395 356 136 23 220 97 39 0 24 15 5 0 5

298 289 255 111 10 144 64 34 0 27 6 9 0 9

389 376 278 116 10 162 101 98 65 31 2 13 0 13

423 360 273 122 10 151 76 86 13 47 27 64 55 9

404 395 281 109 15 172 80 114 0 103 12 9 0 9

490 482 205 109 8 96 68 277 230 36 10 9 0 9

494 486 212 119 8 93 63 273 226 32 15 9 0 9

1 0

6 0

62 0

72 0

72 0

75 0

60 0

52 0

44 0

46 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 9 12 6 0 6 1 -3 -2 -1 0 1 0 1

261 246 280 82 33 198 82 -34 -9 -12 -13 15 0 15

2 10 48 9 1 39 84 -38 0 -1 -37 -8 0 -8

-210 -275 -248 -49 -14 -199 -88 -27 0 -12 -15 65 0 65

107 115 -126 -28 -4 -98 -51 242 250 -13 5 -9 0 -9

-180 -167 -110 30 -8 -140 -81 -57 -65 0 8 -13 0 -13

481 545 38 132 8 -94 -51 507 540 -23 -11 -64 -55 -9

633 642 -108 29 -10 -137 -57 750 819 -72 4 -9 0 -9

123 131 60 127 7 -67 -50 71 70 -4 5 -9 0 -9

-278 -269 -70 -50 19 -20 -4 -199 -176 -19 -4 -9 0 -9

6 0

50 0

-26 0

-46 0

-41 0

-11 0

37 0

40 0

40 0

-31 0

5. LONG-TERM DEBT

282 JAMAICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

63 9 2 1 0 1 1 7 6 1 0 54 0 54

121 115 45 16 2 29 10 69 2 55 13 7 0 7

202 200 165 85 5 79 16 35 0 20 15 3 0 3

154 141 123 69 5 54 25 18 3 14 2 13 5 8

136 124 108 60 3 47 26 16 3 12 1 12 5 8

155 142 101 58 3 44 26 41 29 11 1 12 5 8

208 194 120 65 3 55 25 74 50 18 7 13 2 11

284 273 114 70 5 43 28 159 142 14 3 10 0 10

319 310 98 66 4 32 23 212 197 10 4 10 0 10

298 297 99 67 4 32 23 198 191 5 2 1 0 1

1 0

13 0

58 0

34 0

28 0

24 0

22 0

22 0

21 0

20 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-54 -1 9 5 0 4 0 -10 -7 -3 0 -53 0 -53

140 131 235 66 31 169 72 -103 -10 -66 -26 8 0 8

-200 -189 -116 -76 -4 -40 67 -73 0 -22 -51 -11 0 -11

-364 -416 -371 -119 -20 -253 -113 -45 -3 -26 -16 52 -5 57

-29 -8 -234 -88 -7 -146 -78 226 247 -25 4 -21 -5 -17

-334 -309 -211 -28 -11 -184 -106 -98 -94 -11 7 -25 -5 -21

273 350 -82 68 4 -150 -76 432 490 -40 -18 -77 -57 -20

350 369 -222 -42 -14 -181 -86 591 677 -86 0 -19 0 -19

-197 -178 -38 61 3 -99 -73 -141 -127 -15 1 -18 0 -18

-576 -566 -169 -118 14 -52 -27 -397 -367 -24 -6 -10 0 -10

5 0

37 0

-85 0

-80 0

-68 0

-35 0

15 0

18 0

19 0

-52 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

234 15 4 2 0 2 2 11 7 4 0 218 0 218

223 206 82 27 2 55 12 124 10 70 44 17 0 17

492 481 370 186 13 184 35 112 0 22 90 11 0 11

555 537 480 206 29 274 122 57 3 38 16 18 5 13

434 412 363 172 13 191 91 49 3 39 7 21 5 17

543 518 379 174 13 205 127 139 94 42 2 25 5 21

631 554 393 187 14 206 100 161 63 64 34 77 57 20

687 669 395 179 20 215 109 274 142 117 15 19 0 19

810 791 303 175 12 128 91 488 427 47 14 18 0 18

792 782 312 186 13 125 86 471 417 36 17 10 0 10

2 0

18 0

120 0

106 0

99 0

99 0

83 0

73 0

65 0

66 0

42 42 0

335 323 11

743 730 13

1,003 956 47

996 941 55

906 850 56

704 610 94

692 647 45

668 643 25

582 540 42

19 822 158 824

389 344 1,383 122

1,425 1,042 4,009 34

1,071 974 2,769 188

1,060 934 2,969 179

1,048 909 2,878 166

1,055 928 3,753 104

935 904 4,302 96

937 1,074 4,593 87

1,028 1,073 4,515 78

.. 2.2 0.5 7.1 2.0 0.0 61.6 15.8 0.2 10.7

13.6 .. .. 5.3 1.8 0.0 65.9 12.1 0.1 1.3

14.8 .. .. 5.1 1.8 0.0 66.1 10.6 0.1 1.4

12.0 .. .. 6.6 2.3 0.0 67.3 10.1 0.2 1.4

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 47.6 0.0 27.7 18.7 0.0 6.0

.. 0.7 1.1 0.6 8.5 0.3 58.5 17.1 0.0 13.2

.. 2.0 0.8 4.8 5.8 0.0 49.8 27.2 0.0 9.7

.. 3.0 1.0 9.8 4.0 0.0 48.1 26.3 0.1 7.8

.. 2.8 0.9 9.8 3.4 0.0 51.8 23.6 0.1 7.6

.. 2.3 0.7 13.0 2.9 0.0 50.7 23.3 0.1 7.0

283 JAMAICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 7 0 0 0

0 0 0 0 0 0 0 0 4 0 0 0

0 0 0 0 0 0 0 0 3 0 0 0

0 0 0 0 0 0 0 0 3 0 0 0

0 0 0 0 0 0 0 0 1 0 0 0

27 -91 46 0 -7 -19 99

793 441 24 0 -4 -91 423

659 746 7 0 -3 -94 2

116 -59 13 0 -3 190 -25

105 -113 26 0 -1 223 -30

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 13 .. .. .. .. ..

.. 469 0 0 .. 314 0 0 .. 99 0 0 .. 96 0 0 .. 3 0 0 .. 54 0 0 .. 54 0 0 .. 1 0 0 .. 0 0 0 .. 0 0 0 .. 24 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 120 -286 125 234 -99 -109 34 1 .. 0 -25 54 0 0 .. .. -24 0 0 -174 85 .. 158 5 .. 30 21 9. AVERAGE TERMS OF NEW COMMITMENTS

6.0 16.0 3.2 21.7

7.2 13.8 4.6 21.6

7.6 17.8 4.2 14.1

6.8 19.8 4.6 19.8

7.8 8.5 5.4 10.3

6.2 15.9 3.9 21.2

9.1 11.2 4.6 6.6

9.9 13.5 10.2 0.3

7.3 16.0 10.2 15.7

6.7 9.2 2.9 13.5

6.0 16.0 3.2 21.7

6.5 14.7 5.0 24.1

7.5 19.7 4.7 15.8

6.8 21.0 5.1 20.6

5.7 12.3 2.4 20.2

5.7 19.9 4.7 25.6

6.1 19.8 5.4 25.1

4.6 19.1 5.0 34.1

3.7 18.2 5.5 39.4

5.6 10.4 1.5 17.3

0.0 0.0 0.0 0.0

13.0 5.7 1.3 0.2

8.7 1.9 0.4 0.6

6.5 9.7 0.8 12.7

8.5 7.2 6.4 6.9

7.0 7.9 2.1 12.3

11.0 6.0 4.2 -4.6

11.3 11.9 11.7 -9.2

10.1 14.3 14.0 -3.1

7.1 8.7 3.5 11.9

24 245 360 147 378 137 1,066 24 219 320 130 96 92 401 0 26 40 16 282 46 665 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,048 229 820

583 257 325

124 37 87

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

172 574 314

153 573 269

103 304 246

66 519 234

38 335 193

22 268 175

12 232 164

8 592 131

5 170 101

2 151 95

150 247 105

140 239 99

98 251 91

64 243 82

38 243 72

22 230 62

12 206 52

8 175 44

5 154 38

2 144 32

32 115 36

14 114 32

5 107 27

2 92 23

1 87 19

0 77 16

0 66 14

0 60 11

0 55 9

0 45 7

117 132 69

126 125 67

93 144 64

62 150 59

37 156 53

21 154 46

12 140 39

8 115 33

5 99 29

2 99 25

22 327 209

13 334 171

5 53 156

2 276 153

0 91 121

0 37 114

0 27 111

0 416 87

0 16 63

0 7 63

17 70 6

11 45 5

4 16 3

2 15 3

0 8 2

0 5 2

0 5 2

0 4 2

0 4 1

0 3 1

6 257 203

2 290 166

1 37 152

0 261 150

0 83 119

0 32 112

0 22 110

0 412 85

0 12 62

0 3 61

284 JORDAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

119 119 119 0 0 0 0 0 0 0 0 0 0

1,867 1,381 1,381 0 0 485 5 5 0 22 22 0 0

8,333 7,202 7,202 0 94 1,037 107 30 77 529 34 495 2,366

7,314 6,143 6,143 0 427 743 82 82 1 258 231 27 2,811

7,561 6,498 6,498 0 469 593 81 81 0 241 234 7 1,074

8,083 6,714 6,714 0 498 871 92 92 0 268 259 9 966

7,355 6,183 6,183 0 462 710 102 102 0 281 274 7 1,069

7,534 6,632 6,632 0 433 469 36 36 0 144 142 2 1,079

8,108 7,072 7,072 0 483 554 36 36 0 139 138 2 1,178

8,337 7,173 7,173 0 421 743 0 0 0 20 18 2 1,306

15 15 0 3 3 0 12 0 2 2 0 0 10 5 5 0 0

369 369 0 103 103 0 462 196 106 79 0 28 356 209 182 0 28

691 691 0 252 242 10 604 165 377 310 9 58 227 628 552 18 58

712 579 133 504 481 22 353 145 360 308 17 35 -7 864 789 39 35

482 450 32 422 413 9 -89 -149 450 395 20 34 -539 872 808 30 34

485 409 76 298 262 36 454 267 251 204 19 28 203 549 466 55 28

196 176 20 424 393 31 -399 -171 315 239 24 52 -715 740 632 56 52

653 614 39 401 349 51 77 -175 262 218 20 24 -185 663 567 72 24

433 340 93 390 311 79 128 85 199 173 14 13 -71 589 484 93 13

173 173 0 978 878 100 -580 225 180 157 9 14 -760 1,158 1,035 109 14

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

53 12 0 0 41 31 49 4

1,427 266 34 0 1,127 25 1,400 28

1,159 449 38 0 672 68 907 252

754 97 361 0 296 69 526 228

622 37 310 0 275 63 435 187

563 147 158 22 236 158 451 112

935 -217 783 -17 386 120 324 611

542 265 96 -145 326 133 660 -118

393 29 31 -52 385 156 449 -56

757 -706 376 -58 1,144 115 918 -161

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

51 2 0 48 4

1,349 79 0 1,357 -8

849 310 0 784 65

446 308 0 290 156

227 395 0 117 110

359 204 0 312 46

696 239 1 166 530

322 218 2 489 -167

219 173 1 311 -92

598 157 2 791 -194

658 .. 0 .. 258 ..

4,009 2,498 794 3,309 1,745 374

7,774 5,477 1,624 5,633 1,988 14

7,980 5,499 1,752 5,470 2,770 405

8,439 5,867 1,845 6,331 3,441 59

8,838 6,236 2,011 6,489 3,174 -4

9,304 6,688 2,135 6,670 4,116 361

9,784 7,048 2,201 7,211 5,366 963

.. 18.1 .. .. 0.3 216.2 .. 0.0 91.5 7.6

74.7 46.6 8.4 4.3 2.7 93.5 6.3 26.0 38.3 8.5

138.0 97.3 15.9 8.2 5.8 26.3 4.2 7.8 45.9 21.6

147.0 101.3 10.0 4.6 3.1 34.3 6.1 10.8 46.8 22.2

125.4 87.1 12.6 5.4 3.7 46.8 6.5 9.7 47.8 23.2

120.8 85.2 10.6 4.2 3.0 42.1 5.9 6.2 43.2 24.2

121.2 87.1 8.8 3.0 2.1 50.8 7.4 6.8 41.9 24.8

118.3 85.2 16.4 2.5 1.8 64.4 8.9 8.9 46.1 24.3

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

3,805 3,078 499 3,850 1,139 -227

7,037 5,476 1,819 5,643 2,436 29

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

270.8 219.0 20.4 12.2 9.9 13.7 3.5 12.4 29.8 10.6

133.6 103.9 15.8 6.6 5.1 33.3 5.2 10.2 42.5 19.5

285 JORDAN (US$ million, unless otherwise indicated) 1970

1980

1990

119 119 109 9 9 100 100 10 0 0 10 0 0 0

1,381 1,381 1,106 159 113 947 602 276 0 206 70 0 0 0

7,202 7,202 3,551 887 209 2,664 2,276 3,651 263 1,604 1,784 0 0 0

0 9

26 76

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

15 15 10 0 0 10 10 4 0 0 4 0 0 0

1997

1998

1999

2000

2001

2002

2003

6,143 6,143 4,615 1,427 431 3,188 2,677 1,529 786 116 627 0 0 0

6,498 6,498 5,143 1,630 500 3,513 2,974 1,355 775 58 522 0 0 0

6,714 6,714 5,480 1,793 601 3,687 3,183 1,234 765 20 449 0 0 0

6,183 6,183 5,190 1,706 601 3,484 2,915 993 636 1 356 0 0 0

6,632 6,632 5,778 1,824 600 3,954 2,655 855 548 1 306 0 0 0

7,072 7,072 6,253 2,012 631 4,241 2,764 819 536 1 282 0 0 0

7,173 7,173 6,821 2,027 651 4,794 3,196 352 68 0 283 0 0 0

516 77

749 65

745 62

835 60

798 57

886 55

1,020 52

1,017 50

369 369 326 54 18 272 106 44 0 15 29 0 0 0

691 691 376 142 10 234 223 315 0 73 241 0 0 0

579 579 579 243 90 335 315 0 0 0 0 0 0 0

450 450 450 272 85 178 178 0 0 0 0 0 0 0

409 409 409 327 127 81 69 0 0 0 0 0 0 0

176 176 176 80 32 96 53 0 0 0 0 0 0 0

614 614 614 280 41 334 256 0 0 0 0 0 0 0

340 340 340 255 54 85 57 0 0 0 0 0 0 0

173 173 173 114 64 58 54 0 0 0 0 0 0 0

0 0

22 9

123 0

94 0

36 0

160 0

38 0

161 0

166 0

35 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 2 0 0 2 2 0 0 0 0 0 0 0

103 103 53 1 1 52 23 50 0 46 4 0 0 0

242 242 142 94 12 48 32 100 0 69 31 0 0 0

481 481 349 116 23 233 208 133 10 98 25 0 0 0

413 413 290 112 22 178 140 123 10 58 55 0 0 0

262 262 194 126 20 68 36 68 9 38 21 0 0 0

393 393 238 124 27 114 93 155 95 19 41 0 0 0

349 349 280 140 38 140 116 70 45 0 24 0 0 0

311 311 277 151 46 126 92 34 10 0 24 0 0 0

878 878 399 173 59 226 161 479 467 0 12 0 0 0

0 0

0 0

52 1

69 2

64 2

65 3

53 3

55 3

56 3

65 3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 8 0 0 7 7 4 0 0 4 0 0 0

266 266 272 52 17 220 84 -6 0 -31 25 0 0 0

449 449 234 48 -3 186 191 214 0 4 210 0 0 0

97 97 230 128 67 102 107 -133 -10 -98 -25 0 0 0

37 37 160 161 63 0 38 -123 -10 -58 -55 0 0 0

147 147 215 202 107 14 33 -68 -9 -38 -21 0 0 0

-217 -217 -62 -44 4 -18 -40 -155 -95 -19 -41 0 0 0

265 265 334 141 3 194 140 -70 -45 0 -24 0 0 0

29 29 64 105 8 -41 -35 -34 -10 0 -24 0 0 0

-706 -706 -226 -59 5 -167 -107 -479 -467 0 -12 0 0 0

0 0

22 9

71 -1

25 -2

-27 -2

95 -3

-15 -3

106 -3

111 -3

-30 -3

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

286 JORDAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

2 2 1 0 0 1 1 0 0 0 0 0 0 0

79 79 43 5 3 38 13 36 0 32 4 0 0 0

310 310 123 54 6 69 57 187 14 67 106 0 0 0

308 308 235 70 14 166 146 73 39 15 18 0 0 0

395 395 318 76 18 242 226 77 43 8 26 0 0 0

204 204 139 84 21 55 43 65 45 4 16 0 0 0

239 239 158 91 23 67 47 80 46 1 33 0 0 0

218 218 171 92 24 79 43 47 34 0 13 0 0 0

173 173 138 80 25 58 38 35 28 0 7 0 0 0

157 157 127 73 25 53 47 31 26 0 5 0 0 0

0 0

1 0

37 1

47 0

46 0

48 0

53 0

50 0

39 0

32 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 10 6 0 0 6 6 4 0 0 4 0 0 0

188 188 230 47 14 183 71 -42 0 -63 20 0 0 0

139 139 112 -6 -9 118 134 27 -14 -63 104 0 0 0

-211 -211 -5 58 53 -63 -38 -205 -49 -113 -43 0 0 0

-358 -358 -158 84 45 -243 -188 -200 -54 -65 -81 0 0 0

-57 -57 77 118 86 -41 -10 -133 -54 -42 -37 0 0 0

-456 -456 -220 -135 -19 -85 -87 -236 -141 -20 -75 0 0 0

47 47 164 49 -21 115 97 -117 -80 0 -37 0 0 0

-143 -143 -74 25 -17 -98 -73 -69 -38 0 -31 0 0 0

-863 -863 -353 -132 -21 -220 -153 -510 -493 0 -17 0 0 0

0 0

21 8

33 -2

-22 -3

-74 -3

47 -3

-68 -3

56 -3

72 -3

-62 -3

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5 5 4 0 0 4 4 1 0 0 1 0 0 0

182 182 96 6 4 90 35 86 0 78 8 0 0 0

552 552 264 148 18 116 89 288 14 136 137 0 0 0

789 789 584 185 37 399 354 205 49 113 43 0 0 0

808 808 608 188 40 420 366 200 54 65 81 0 0 0

466 466 332 210 41 123 79 133 54 42 37 0 0 0

632 632 396 215 51 181 140 236 141 20 75 0 0 0

567 567 450 231 62 219 159 117 80 0 37 0 0 0

484 484 414 231 71 184 130 69 38 0 31 0 0 0

1,035 1,035 525 247 85 279 208 510 493 0 17 0 0 0

0 0

1 1

89 2

116 3

110 3

114 3

106 3

105 3

94 3

96 3

73 61 12

1,352 1,135 217

1,474 1,124 351

1,202 1,202 0

1,329 1,329 0

1,307 1,307 0

1,458 1,458 0

1,209 1,209 0

1,022 1,022 0

1,017 997 20

109 0 118 1

715 199 1,381 1

2,485 2,501 7,202 0

3,108 1,671 6,122 22

3,474 1,645 6,464 34

3,784 1,777 6,673 41

3,516 1,795 6,148 35

3,255 2,476 6,600 32

3,395 2,785 7,043 28

3,846 2,837 7,149 24

.. 5.7 6.8 27.5 3.4 0.4 29.3 8.9 0.9 17.1

16.8 .. .. 21.7 8.0 0.5 30.9 7.5 0.8 13.8

19.1 .. .. 21.4 8.1 0.5 29.9 6.9 0.6 13.4

22.0 .. .. 23.1 8.4 1.2 24.0 6.4 0.5 14.2

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 8.7 2.6 0.0 32.6 0.0 30.8 0.0 0.0 25.3

.. 11.4 2.2 1.2 6.9 0.0 56.9 4.7 0.0 16.8

.. 7.7 3.4 5.8 7.9 0.8 45.7 8.2 2.8 17.8

.. 6.6 7.0 24.5 4.6 0.4 28.3 13.7 1.1 13.8

.. 7.0 7.4 26.2 3.9 0.4 28.3 10.1 1.3 15.4

.. 6.0 6.5 28.8 3.4 0.4 28.8 9.0 1.1 16.1

287 JORDAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 350 223 211 232 .. 0 0 0 0 .. 350 175 147 139 .. 193 88 87 93 .. 157 87 60 46 .. 0 48 63 76 .. 0 23 47 55 .. 0 25 17 22 .. 0 34 0 2 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 522 .. 1,017 -72 247 -89 454 462 604 353 .. 69 0 -1 11 .. 0 48 63 76 .. 0 -34 0 -2 .. 309 -432 302 17 -7 -27 -34 .. 35 9. AVERAGE TERMS OF NEW COMMITMENTS

194 0 90 60 29 62 45 17 28 0 120 85

567 142 252 231 21 172 138 34 92 0 44 35

213 0 113 94 19 100 69 30 0 0 66 0

563 0 254 234 20 176 126 51 53 4 8 0

-728 -399 11 62 -63 -366 27

179 77 -66 172 -101 -314 411

574 128 0 100 -66 508 -95

229 -580 -35 176 -61 619 111

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 12 .. .. .. .. ..

3.7 23.4 5.0 42.6

7.3 15.4 4.0 16.5

4.5 19.9 6.5 39.0

4.5 18.9 5.8 35.0

3.9 19.4 5.5 39.5

5.0 18.3 5.0 31.6

4.8 19.5 6.4 35.1

2.2 21.3 3.4 47.7

2.1 16.0 4.9 46.7

2.2 21.6 6.2 53.9

2.6 31.4 6.4 56.7

7.3 16.0 4.3 17.2

3.9 21.8 7.4 44.4

4.5 18.9 5.8 35.0

3.9 19.4 5.5 39.5

5.0 18.3 5.0 31.6

4.8 19.5 6.4 35.1

2.2 21.3 3.4 47.7

2.1 16.0 4.9 46.7

2.2 21.2 6.3 53.1

6.2 5.5 1.9 10.4

7.2 11.5 2.4 12.0

8.9 7.0 1.0 2.8

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

1.0 30.0 5.0 68.3

36 759 749 293 543 440 384 25 653 652 293 543 440 384 11 106 97 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

530 530 0

142 142 0

375 355 20

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

289 647 253

268 578 255

175 543 253

118 544 239

72 491 221

44 509 204

26 515 186

15 530 168

6 537 149

4 526 130

282 552 234

260 535 242

171 504 241

116 508 229

72 472 213

44 490 197

26 496 180

15 512 162

6 518 144

4 508 126

113 336 155

98 329 166

61 309 171

37 313 164

19 272 153

10 284 144

5 295 134

2 315 123

1 328 112

0 331 100

169 215 79

162 206 75

110 195 70

80 194 65

53 200 59

34 206 53

21 201 46

13 197 39

6 190 33

4 177 26

7 96 19

8 43 14

4 39 12

1 36 10

1 19 8

0 19 7

0 19 6

0 18 5

0 18 5

0 19 4

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 96 19

8 43 14

4 39 12

1 36 10

1 19 8

0 19 7

0 19 6

0 18 5

0 18 5

0 19 4

288 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

4,078 3,218 2,622 596 511 349 0 0 0 0 0 0 1,173

6,084 5,008 3,038 1,970 653 424 49 0 49 55 0 55 581

6,122 5,188 3,353 1,835 460 474 108 0 108 95 0 95 440

12,427 11,466 3,617 7,849 0 961 0 0 0 0 0 0 350

14,883 13,541 3,446 10,095 0 1,342 0 0 0 0 0 0 331

17,288 15,446 3,209 12,237 0 1,842 0 0 0 0 0 0 331

22,835 20,002 3,546 16,457 0 2,833 0 0 0 0 0 0 348

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

1,487 1,487 0 273 267 6 1,342 128 210 170 24 16 1,132 483 437 31 16

2,030 1,820 210 718 623 95 1,337 26 273 231 23 20 1,064 992 854 118 20

1,364 1,364 0 1,078 902 176 277 -9 284 243 22 19 -7 1,362 1,145 198 19

3,057 3,057 0 2,594 2,152 442 1,058 595 775 713 11 51 283 3,370 2,865 453 51

4,785 4,785 0 2,622 2,622 0 2,543 381 731 685 0 46 1,812 3,353 3,307 0 46

4,919 4,919 0 3,390 3,390 0 2,029 500 719 666 0 53 1,310 4,109 4,056 0 53

8,240 8,240 0 4,501 4,501 0 4,730 991 792 722 0 70 3,937 5,293 5,223 0 70

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

2,596 1,220 1,321 0 54 41 488 2,108

2,374 1,196 1,151 0 26 97 366 2,008

2,078 462 1,587 0 28 86 263 1,815

2,250 905 1,283 19 44 74 80 2,170

5,081 2,162 2,835 55 28 81 63 5,019

4,173 1,529 2,583 39 21 102 41 4,131

5,916 3,739 2,088 64 25 82 242 5,674

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

2,271 170 155 400 1,870

2,046 231 97 265 1,781

1,561 243 274 157 1,404

603 713 934 -43 647

3,345 685 1,051 -48 3,393

2,587 666 919 -62 2,650

3,763 722 1,431 138 3,625

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

16,346 7,030 64 7,358 2,001 -171

17,150 10,624 122 10,134 2,099 676

21,013 10,541 165 11,800 2,506 -1,109

23,604 11,956 205 12,658 3,141 -696

28,009 15,334 147 15,170 4,962 -39

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

87.1 37.5 19.4 4.0 1.7 32.7 3.3 7.7 6.3 24.1

117.0 72.5 31.7 7.3 4.5 16.9 2.5 7.7 3.3 11.9

141.2 70.8 31.8 6.9 3.5 16.8 2.5 9.0 2.6 10.1

144.6 73.2 34.4 6.0 3.0 18.2 3.0 10.7 2.9 9.5

148.9 81.5 34.5 5.2 2.8 21.7 3.9 12.4 3.6 7.8

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

21,856 7,815 60 8,689 2,223 -799

21,837 6,870 72 8,218 1,965 -1,225

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

52.2 18.7 6.2 2.7 1.0 54.5 3.1 8.6 3.9 20.2

88.6 27.9 14.4 4.0 1.3 32.3 2.9 7.0 4.2 20.3

289 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

3,218 2,622 1,612 824 22 788 135 1,009 550 112 347 596 0 596

5,008 3,038 2,050 1,233 37 817 218 988 550 146 291 1,970 100 1,870

5,188 3,353 2,317 1,473 60 843 328 1,037 650 193 193 1,835 100 1,735

11,466 3,617 2,228 1,477 60 751 351 1,389 1,000 252 137 7,849 100 7,749

13,541 3,446 2,148 1,507 58 640 332 1,298 1,000 218 80 10,095 100 9,995

15,446 3,209 2,297 1,648 85 649 408 912 650 205 56 12,237 400 11,837

20,002 3,546 2,691 1,771 92 920 723 854 650 163 41 16,457 1,125 15,332

.. ..

648 0

899 0

1,082 0

1,057 0

1,070 0

1,178 0

1,265 0

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

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

1,487 991 491 284 17 208 29 500 350 103 47 496 0 496

1,820 485 442 365 12 77 60 43 0 42 1 1,334 100 1,234

1,364 747 350 263 16 87 83 397 300 40 56 618 0 618

3,057 623 168 95 5 73 69 455 350 98 7 2,434 0 2,434

4,785 228 193 159 3 34 34 35 0 9 26 4,557 100 4,457

4,919 266 194 142 19 52 52 72 0 72 0 4,653 300 4,353

8,240 411 396 143 6 254 254 15 0 15 0 7,828 725 7,103

.. ..

.. ..

.. ..

202 0

211 0

209 0

50 0

114 0

92 0

71 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

267 151 57 0 0 57 1 94 0 8 87 115 0 115

623 192 103 0 0 103 1 89 0 13 77 432 0 432

902 449 115 24 0 92 5 333 200 53 80 453 0 453

2,152 215 131 31 0 101 8 84 0 31 53 1,937 0 1,937

2,622 254 159 70 0 89 9 94 0 36 59 2,369 100 2,269

3,390 646 174 83 1 92 10 472 350 91 31 2,744 0 2,744

4,501 264 179 114 1 66 13 85 0 64 20 4,237 0 4,237

.. ..

.. ..

.. ..

0 0

0 0

19 0

20 0

47 0

56 0

75 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

1,220 840 434 284 17 151 29 406 350 96 -40 380 0 380

1,196 294 340 365 12 -25 60 -46 0 30 -76 903 100 803

462 298 235 239 16 -5 78 63 100 -13 -24 164 0 164

905 408 36 64 5 -28 62 372 350 68 -46 497 0 497

2,162 -26 34 89 3 -55 25 -60 0 -27 -33 2,188 0 2,188

1,529 -380 20 60 18 -40 42 -400 -350 -19 -31 1,909 300 1,609

3,739 147 217 29 5 188 241 -70 0 -49 -20 3,591 725 2,866

.. ..

.. ..

.. ..

202 0

211 0

190 0

30 0

67 0

36 0

-4 0

5. LONG-TERM DEBT

290 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

170 164 88 42 0 46 5 76 22 14 40 6 0 6

231 205 101 58 0 43 6 104 48 8 49 25 0 25

243 178 106 72 0 33 8 72 47 8 17 65 11 53

713 235 123 82 1 41 9 112 90 14 8 477 11 466

685 245 111 78 1 32 11 134 109 17 8 440 11 429

666 229 103 77 1 27 10 126 109 14 3 437 27 411

722 194 104 73 2 31 18 90 80 9 1 528 99 429

.. ..

.. ..

.. ..

34 0

44 0

52 0

62 0

53 0

51 0

48 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

1,050 676 346 241 17 105 24 330 328 81 -80 374 0 374

966 88 239 307 12 -69 54 -151 -48 22 -125 878 100 778

219 120 129 167 15 -38 70 -9 53 -21 -41 100 -11 111

192 173 -87 -18 5 -69 52 260 260 53 -54 20 -11 31

1,477 -270 -77 11 2 -87 15 -194 -109 -44 -40 1,748 -11 1,759

863 -609 -83 -17 17 -66 31 -526 -459 -32 -34 1,472 273 1,198

3,017 -46 113 -44 3 157 223 -160 -80 -58 -22 3,063 626 2,438

.. ..

.. ..

.. ..

167 0

167 0

137 0

-33 0

13 0

-15 0

-52 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

437 315 145 42 0 103 5 170 22 22 126 121 0 121

854 397 204 58 0 146 6 194 48 20 126 457 0 457

1,145 627 221 96 0 125 13 406 247 61 97 518 11 507

2,865 450 255 113 1 142 17 196 90 45 61 2,415 11 2,403

3,307 498 270 148 1 122 20 228 109 53 66 2,809 111 2,698

4,056 875 277 159 1 118 21 597 459 104 34 3,182 27 3,155

5,223 458 283 186 3 97 31 174 80 73 22 4,765 99 4,666

.. ..

.. ..

.. ..

34 0

44 0

71 0

83 0

100 0

107 0

122 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

1,184 1,005 179

1,479 1,307 172

1,608 1,457 151

1,466 1,413 53

1,458 1,415 43

1,093 1,065 29

749 731 18

.. .. .. ..

.. .. .. ..

.. .. .. ..

157 2,196 2,622 596

255 3,852 3,033 1,975

389 3,827 3,349 1,839

411 9,706 3,614 7,852

389 11,675 3,444 10,097

493 13,925 3,140 12,306

816 18,185 3,504 16,498

.. 4.7 0.2 13.7 0.6 0.0 61.4 18.9 0.2 0.1

3.5 .. .. 12.7 0.6 0.0 63.9 19.1 0.2 0.0

2.8 .. .. 13.5 0.6 0.0 60.2 21.8 0.9 0.2

2.3 .. .. 14.7 0.5 0.0 60.7 20.2 1.1 0.6

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 17.3 0.6 11.1 0.0 0.0 44.2 24.0 0.0 2.8

.. 13.3 0.5 13.2 0.2 0.1 47.1 23.4 0.0 2.2

.. 7.8 0.3 15.7 0.7 0.0 53.6 21.4 0.2 0.2

291 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 0 0 202 .. .. 0 0 185 .. .. 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 8. DEBT STOCK-FLOW RECONCILIATION 2,007 38 .. .. 1,156 .. .. 1,342 1,337 277 .. .. 0 49 60 .. .. 0 0 0 .. .. 0 0 0 .. .. -198 141 -38 .. .. 12 480 -261 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

152 147 0 0 0 5 5 0 18 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

6,305 1,058 -108 0 0 -161 5,516

2,456 2,543 0 5 -18 -124 50

2,405 2,029 0 0 0 153 223

5,547 4,730 0 0 0 174 643

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.5 13.6 5.6 21.2

5.3 24.2 6.2 34.3

9.1 12.4 4.7 7.8

8.4 13.1 6.6 14.4

3.8 16.4 4.3 35.8

5.2 7.0 2.9 19.2

3.0 14.3 4.8 40.2

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.5 20.5 6.5 31.1

5.1 25.0 6.4 35.8

6.2 18.3 5.1 23.7

2.6 28.9 9.0 59.0

3.8 16.9 4.4 36.5

0.0 0.0 0.0 0.0

3.0 14.3 4.8 40.2

.. .. .. ..

.. .. .. ..

.. .. .. ..

7.6 5.9 4.6 10.1

7.8 9.2 2.1 7.1

12.5 5.4 4.3 -10.9

11.0 6.0 5.6 -5.5

3.0 8.2 1.2 23.9

5.2 7.0 2.9 19.2

0.0 0.0 0.0 0.0

.. .. .. 1,058 729 810 666 .. .. .. 559 691 438 206 .. .. .. 499 38 371 460 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

453 428 25

95 0 95

40 40 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

262 4,563 948

193 3,581 761

127 3,336 627

79 3,609 435

44 2,486 272

19 449 157

11 505 118

6 227 98

4 214 89

2 664 60

249 225 115

187 250 111

127 238 105

79 254 96

44 249 86

19 254 76

11 259 65

6 224 55

4 210 46

2 161 38

135 69 34

91 73 33

60 58 32

34 66 30

18 73 28

5 75 25

4 81 22

0 79 19

0 76 17

0 59 14

115 156 81

96 178 77

68 180 72

45 188 66

27 176 58

14 178 51

7 178 43

6 145 36

4 134 30

2 101 24

13 4,338 833

5 3,331 650

0 3,098 522

0 3,355 339

0 2,237 185

0 195 81

0 245 52

0 3 43

0 3 43

0 503 22

13 53 6

5 35 4

0 20 3

0 18 2

0 15 1

0 7 1

0 3 1

0 3 1

0 3 1

0 3 0

0 4,284 827

0 3,296 646

0 3,078 519

0 3,336 337

0 2,222 184

0 188 80

0 242 52

0 0 43

0 0 43

0 500 21

292 KENYA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

478 408 321 88 0 69 0 0 0 0 0 0 0

3,387 2,493 2,056 437 254 640 2 2 0 3 0 3 0

7,055 5,639 4,759 880 482 934 95 49 46 72 22 50 1,540

6,465 5,418 5,093 325 250 797 28 18 10 57 39 18 1,093

6,824 5,793 5,513 280 196 834 58 25 33 106 66 40 516

6,473 5,563 5,343 220 131 779 69 41 28 178 114 64 384

6,181 5,257 5,082 175 127 798 47 18 29 142 41 101 392

5,573 4,868 4,759 109 99 606 38 24 14 147 68 79 369

6,112 5,271 5,222 49 88 753 54 46 8 182 125 58 415

6,766 5,728 5,704 24 112 926 37 31 6 83 53 30 448

78 78 0 33 29 4 45 0 17 17 0 0 28 50 46 4 0

714 620 94 204 195 9 718 209 229 163 8 58 489 433 359 17 58

777 640 136 457 352 105 613 294 333 230 26 78 280 791 582 131 78

185 185 0 442 375 67 -6 251 214 183 1 29 -221 657 558 69 29

318 318 0 466 404 63 -141 7 197 157 1 39 -338 663 560 64 39

265 265 0 521 461 60 -321 -66 174 133 1 40 -494 694 593 61 40

437 392 44 393 351 42 84 41 142 100 1 41 -58 535 451 43 41

176 176 0 375 351 24 -381 -182 111 84 1 26 -492 486 435 24 26

366 366 0 419 401 18 77 130 116 96 0 19 -39 535 497 19 19

471 436 35 448 429 20 213 190 126 101 0 24 87 574 530 20 24

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

67 49 14 0 3 27 33 33

624 424 79 0 121 128 323 301

1,322 288 57 0 977 207 1,201 122

79 -190 40 27 202 180 133 -55

157 -86 42 1 199 151 115 42

35 -195 42 -8 196 140 68 -34

365 41 127 -6 202 138 324 41

102 -175 5 2 269 137 238 -136

229 -35 28 3 234 168 265 -36

381 8 82 1 291 175 186 195

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

49 17 0 25 24

311 163 150 269 41

960 230 132 1,067 -107

-142 183 38 17 -159

-8 157 8 6 -14

-113 133 16 -19 -94

237 100 29 270 -33

-30 84 48 185 -216

58 96 76 200 -142

247 101 33 105 142

1,545 .. 7 .. 220 ..

7,039 2,061 28 3,095 539 -876

10,399 2,723 432 3,493 792 -90

10,324 2,821 538 3,941 898 -199

11,038 3,027 517 4,171 1,065 -341

12,091 3,216 395 3,983 1,068 -137

14,241 3,625 494 4,374 1,482 68

.. 30.9 .. .. 1.1 46.0 .. 14.5 35.6 8.0

164.3 48.1 21.0 11.1 3.3 15.9 2.1 18.9 20.2 18.7

237.7 62.2 25.5 6.4 1.7 12.2 2.7 12.0 63.9 44.9

219.1 59.9 19.0 5.0 1.4 14.5 2.7 12.9 66.7 45.9

184.1 50.5 16.0 3.7 1.0 19.1 3.1 10.9 74.3 49.6

190.0 50.5 16.6 3.6 1.0 17.5 3.2 12.3 75.6 48.4

186.7 47.5 15.8 3.5 0.9 21.9 4.1 13.7 74.3 48.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

8,106 2,233 139 3,128 236 -527

10,380 3,000 352 4,029 811 -457

11,366 2,889 348 3,938 783 -475

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

315.9 87.0 35.4 14.9 4.1 3.3 0.9 13.2 33.7 35.3

215.5 62.3 21.9 7.1 2.1 12.5 2.4 12.3 58.0 43.9

236.2 60.0 22.9 6.8 1.7 11.5 2.4 12.2 60.1 43.7

293 KENYA (US$ million, unless otherwise indicated) 1970

1980

1990

408 321 237 38 32 199 138 84 71 1 12 88 0 88

2,493 2,056 1,206 634 270 572 414 849 10 394 445 437 0 437

5,639 4,759 3,712 2,492 1,395 1,220 983 1,047 0 895 152 880 0 880

5 32

308 220

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

78 37 36 10 7 26 20 1 0 0 1 41 0 41

1997

1998

1999

2000

2001

2002

2003

5,418 5,093 4,717 2,840 2,390 1,877 1,362 376 0 326 50 325 0 325

5,793 5,513 4,947 2,985 2,584 1,962 1,514 566 0 503 63 280 0 280

5,563 5,343 4,806 2,906 2,576 1,899 1,562 537 0 493 44 220 0 220

5,257 5,082 4,600 2,836 2,596 1,764 1,526 482 0 449 33 175 0 175

4,868 4,759 4,450 2,763 2,591 1,688 1,551 309 0 288 21 109 0 109

5,271 5,222 4,906 2,961 2,802 1,946 1,816 315 0 294 22 49 0 49

5,728 5,704 5,279 3,250 3,120 2,029 1,907 425 0 346 79 24 0 24

871 1,185

213 2,032

154 2,210

91 2,220

47 2,262

23 2,263

13 2,447

6 2,736

620 533 233 154 94 79 66 300 0 215 85 87 0 87

640 585 404 297 264 106 105 182 0 119 63 55 0 55

185 185 160 142 128 18 18 25 0 25 0 0 0 0

318 318 166 144 132 23 20 151 0 129 22 0 0 0

265 265 138 95 86 43 43 127 0 104 23 0 0 0

392 392 307 196 184 112 112 85 0 77 8 0 0 0

176 176 171 127 125 44 17 5 0 0 5 0 0 0

366 366 231 72 70 159 159 135 0 131 4 0 0 0

436 436 163 123 123 40 40 273 0 169 104 0 0 0

3 7

45 72

3 234

0 84

0 123

0 78

0 170

0 116

0 66

0 122

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

29 17 6 1 0 5 3 12 10 0 1 12 0 12

195 108 31 13 1 17 5 77 0 25 52 88 0 88

352 315 180 127 9 53 25 135 0 114 21 37 0 37

375 325 229 128 19 101 40 96 0 80 17 50 0 50

404 359 250 124 23 126 38 108 0 91 17 45 0 45

461 400 266 132 31 134 50 134 0 87 47 61 0 61

351 306 185 112 36 73 32 121 0 109 12 45 0 45

351 285 202 94 41 108 38 83 0 75 8 66 0 66

401 341 199 82 49 118 92 141 0 139 3 60 0 60

429 404 269 109 59 159 138 135 0 128 7 25 0 25

1 0

11 1

95 4

74 11

66 15

58 23

40 29

22 35

12 42

8 48

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

49 20 30 9 7 21 17 -10 -10 0 0 30 0 30

424 425 202 141 94 62 61 222 0 189 33 -1 0 -1

288 271 224 171 255 53 79 47 0 5 42 18 0 18

-190 -140 -69 14 108 -83 -22 -71 0 -55 -17 -50 0 -50

-86 -41 -84 19 109 -104 -17 43 0 38 5 -45 0 -45

-195 -134 -128 -36 55 -91 -7 -7 0 17 -24 -61 0 -61

41 86 122 84 147 38 79 -36 0 -32 -4 -45 0 -45

-175 -109 -31 33 84 -64 -21 -78 0 -75 -3 -66 0 -66

-35 25 31 -10 21 41 67 -6 0 -8 2 -60 0 -60

8 33 -105 14 64 -119 -98 138 0 41 97 -25 0 -25

2 7

35 71

-92 230

-74 72

-66 108

-58 55

-40 142

-22 81

-12 24

-8 74

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

294 KENYA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

17 13 8 1 0 8 4 4 3 0 1 4 0 4

163 124 54 36 1 18 7 70 1 30 39 39 0 39

230 193 134 100 9 34 14 59 0 52 7 38 0 38

183 152 117 58 18 59 28 35 0 33 3 31 0 31

157 131 109 50 18 59 31 22 0 19 3 26 0 26

133 112 88 46 19 42 28 24 0 22 1 21 0 21

100 81 55 38 20 17 10 27 0 24 3 19 0 19

84 71 53 30 18 23 17 18 0 16 2 13 0 13

96 88 65 29 21 36 29 23 0 22 1 8 0 8

101 100 81 35 23 46 43 19 0 18 1 1 0 1

0 0

31 1

78 7

23 15

17 15

12 16

7 16

3 16

1 17

1 19

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

32 7 21 8 6 13 13 -15 -13 0 -1 25 0 25

261 301 149 105 92 44 53 152 -1 159 -6 -40 0 -40

58 78 90 70 247 19 65 -12 0 -47 35 -20 0 -20

-374 -292 -186 -44 90 -142 -50 -107 0 -87 -20 -81 0 -81

-243 -172 -193 -31 92 -162 -48 22 0 20 2 -71 0 -71

-328 -246 -216 -82 36 -133 -35 -30 0 -5 -25 -82 0 -82

-58 5 67 46 128 21 69 -62 0 -56 -6 -64 0 -64

-259 -180 -84 3 66 -87 -38 -96 0 -91 -4 -79 0 -79

-131 -63 -34 -39 -1 6 37 -30 0 -30 1 -68 0 -68

-94 -68 -186 -21 41 -165 -141 118 0 23 96 -26 0 -26

2 6

3 70

-169 223

-97 57

-83 93

-70 39

-47 125

-26 64

-13 6

-8 55

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

46 30 14 2 0 12 7 16 13 0 2 16 0 16

359 232 84 49 2 35 13 147 1 55 91 127 0 127

582 507 314 227 18 87 40 193 0 166 28 75 0 75

558 477 346 186 37 160 68 132 0 112 20 81 0 81

560 489 360 175 40 185 68 130 0 110 20 71 0 71

593 511 354 178 50 176 78 158 0 109 48 82 0 82

451 387 240 150 56 90 43 147 0 133 14 64 0 64

435 356 255 124 60 131 55 101 0 91 10 79 0 79

497 429 264 111 70 154 122 165 0 161 4 68 0 68

530 504 349 144 82 206 181 154 0 146 8 26 0 26

1 0

42 2

173 11

97 26

83 30

70 39

47 45

26 51

13 60

8 67

119 119 0

1,331 1,241 91

1,964 1,603 361

1,199 1,087 112

1,305 1,071 233

1,164 1,032 133

1,026 992 33

996 835 161

881 682 199

741 719 22

170 88 321 88

684 690 2,056 437

2,378 1,090 4,759 880

3,751 532 5,093 325

4,098 460 5,513 280

4,139 356 5,343 220

4,122 277 5,082 175

4,141 176 4,759 109

4,618 178 5,222 49

5,027 288 5,704 24

.. 1.9 2.6 20.5 2.5 1.4 49.6 5.6 0.6 15.3

13.2 .. .. 19.3 1.8 0.9 51.4 5.4 0.6 7.3

13.7 .. .. 21.2 1.4 0.6 50.5 5.0 0.6 7.0

14.2 .. .. 19.6 1.1 0.3 52.6 4.9 0.6 6.8

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 5.9 0.0 0.2 76.5 0.0 15.7 1.2 0.0 0.5

.. 9.8 9.0 4.6 14.3 2.3 35.9 14.9 0.0 9.2

.. 1.7 6.7 8.4 8.7 3.4 30.9 24.4 0.3 15.5

.. 2.4 4.9 17.3 3.6 2.9 41.9 10.4 0.4 16.1

.. 2.3 4.9 17.8 4.1 2.4 44.3 7.5 0.4 16.3

.. 2.1 3.5 20.5 3.3 1.9 46.6 6.4 0.4 15.3

295 KENYA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 84 26 0 0 .. 13 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION -351 .. 1,166 -349 359 718 613 -6 -141 -321 .. 30 18 31 11 .. 0 0 0 0 .. -84 -26 0 0 .. 89 -969 -298 -140 518 634 768 99 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

143 0 145 140 5 37 36 1 10 0 0 0

114 0 90 81 9 15 13 2 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

10 0 9 0 9 1 0 1 1 0 0 0

-292 84 -22 37 -10 -302 -78

-608 -381 -9 15 0 -271 38

538 77 17 0 0 392 53

655 213 -17 1 -1 512 -54

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 45 .. .. .. .. ..

2.5 37.3 7.9 62.6

3.5 31.3 8.0 53.3

4.3 24.7 7.4 44.6

1.8 31.4 9.1 66.5

3.3 18.9 4.9 40.6

3.3 28.2 5.7 46.5

1.1 38.6 9.9 76.2

3.5 23.5 5.4 45.6

3.8 11.0 2.3 25.4

1.9 27.1 6.4 56.5

2.4 37.9 8.0 63.7

3.5 31.5 8.1 53.6

3.1 29.3 8.4 56.7

1.6 32.9 9.6 69.6

0.9 37.3 9.3 76.8

2.0 37.1 7.6 61.5

1.1 39.0 10.0 77.1

1.9 34.1 8.7 67.7

0.9 31.1 8.0 69.8

1.4 35.1 8.9 71.2

7.0 11.2 1.7 12.4

8.0 5.9 -0.6 5.2

7.4 12.8 4.9 13.2

4.3 4.1 0.4 10.5

5.0 5.2 1.7 13.7

7.0 3.6 0.6 5.0

7.5 5.9 1.4 6.7

4.9 13.4 2.2 24.8

4.8 3.7 0.2 9.2

3.0 6.8 0.3 19.4

50 518 803 273 485 144 355 48 514 579 259 206 105 350 1 4 224 14 279 38 5 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

292 142 150

252 67 184

208 149 59

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

216 355 90

158 301 82

115 282 76

85 277 73

58 268 68

38 250 63

28 253 58

14 271 55

6 275 50

3 270 45

196 224 76

156 224 73

115 227 69

85 235 68

58 239 64

38 226 59

28 234 55

14 257 53

6 261 48

3 256 44

37 132 46

46 130 43

31 128 40

21 134 40

13 137 37

7 124 34

4 123 30

1 136 29

1 132 25

0 123 22

158 92 30

110 94 30

83 99 29

64 101 28

45 101 27

31 102 26

24 111 25

13 122 24

5 129 23

2 133 22

20 131 13

2 77 9

0 54 7

0 42 5

0 29 4

0 24 3

0 19 2

0 14 2

0 14 2

0 14 1

20 105 10

2 58 7

0 39 5

0 31 4

0 18 3

0 13 3

0 13 2

0 13 2

0 13 2

0 13 1

0 26 3

0 19 2

0 15 2

0 11 1

0 11 1

0 11 0

0 6 0

0 1 0

0 1 0

0 1 0

296 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

1,341 1,143 751 392 165 33 0 0 0 1 1 0 54

1,505 1,302 934 368 175 28 0 0 0 0 0 0 96

1,736 1,485 1,134 350 190 61 11 10 0 21 19 3 88

1,827 1,510 1,220 290 188 129 10 9 1 28 25 3 76

1,717 1,490 1,256 234 179 48 3 3 0 2 1 1 75

1,850 1,647 1,397 250 185 19 10 1 8 10 4 6 59

2,021 1,780 1,588 192 202 39 3 1 1 8 6 1 64

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

209 165 44 20 10 10 214 25 58 54 3 1 156 78 64 13 1

179 164 15 53 41 12 121 -5 62 58 3 2 59 115 99 14 2

245 218 27 58 51 7 208 22 52 47 2 3 156 110 98 9 3

180 161 19 97 86 11 152 69 76 69 2 5 76 173 155 14 5

139 124 15 128 111 17 -64 -75 49 44 2 3 -113 177 155 19 3

151 136 15 147 124 24 -31 -35 26 24 1 1 -58 173 147 25 1

125 96 30 119 87 32 34 27 17 15 1 1 17 136 102 33 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

284 155 84 0 45 26 177 107

280 123 109 0 48 43 192 88

261 167 44 0 50 42 230 32

117 75 -2 0 44 38 179 -62

53 13 5 0 35 42 126 -73

58 12 5 0 41 72 112 -54

101 9 46 0 46 68 113 -12

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

229 54 1 159 70

214 58 8 170 44

209 47 5 216 -6

9 69 39 159 -150

-18 44 27 108 -126

16 24 18 99 -83

58 15 27 101 -43

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

1,567 613 2 1,023 188 -364

1,175 540 9 791 254 -184

1,286 633 50 756 262 -79

1,460 594 28 643 287 -20

1,549 707 67 763 317 -28

1,847 851 108 888 399 -26

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

245.7 96.1 18.7 10.1 4.0 12.5 2.2 1.9 41.9 35.7

321.7 147.7 20.4 9.6 4.4 14.6 3.9 3.5 46.1 37.8

288.8 142.1 27.4 12.0 5.9 14.3 4.2 7.1 48.1 39.5

289.1 117.6 29.8 8.2 3.3 16.7 5.3 2.8 56.6 44.8

261.8 119.4 24.5 3.7 1.7 17.1 5.0 1.0 62.5 47.9

237.6 109.4 16.0 2.0 0.9 19.8 5.4 1.9 68.2 50.3

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

1,703 685 3 889 170 -139

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

195.7 78.7 11.4 8.5 3.4 12.7 2.3 2.5 34.6 29.4

297 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

1,143 751 721 394 358 327 106 30 0 30 0 392 0 392

1,302 934 901 537 493 364 138 33 0 30 3 368 0 368

1,485 1,134 1,098 657 585 441 216 37 0 30 7 350 0 350

1,510 1,220 1,183 722 647 461 233 37 0 28 9 290 0 290

1,490 1,256 1,222 770 702 452 269 35 0 23 12 234 0 234

1,647 1,397 1,387 886 826 501 330 10 0 0 10 250 0 250

1,780 1,588 1,580 1,016 967 564 412 8 0 0 8 192 0 192

.. ..

0 251

0 328

0 342

0 377

0 389

0 454

0 530

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

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

165 165 142 125 119 16 6 23 0 23 0 0 0 0

164 163 160 123 112 37 22 3 0 0 3 1 0 1

218 186 181 120 90 62 61 4 0 0 4 32 0 32

161 153 149 107 97 42 42 4 0 0 4 8 0 8

124 115 113 92 91 20 20 2 0 0 2 10 0 10

136 80 80 67 67 13 13 0 0 0 0 56 0 56

96 79 79 65 65 15 15 0 0 0 0 16 0 16

.. ..

.. ..

.. ..

0 67

0 66

0 22

0 52

0 27

0 33

0 32

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

10 10 10 1 0 9 1 0 0 0 0 0 0 0

41 17 17 4 0 13 3 0 0 0 0 25 0 25

51 2 1 1 0 1 0 0 0 0 0 49 0 49

86 17 13 8 0 5 1 4 0 2 2 69 0 69

111 30 22 8 0 13 1 8 0 5 3 82 0 82

124 32 9 9 0 0 0 24 0 23 1 91 0 91

87 13 13 13 1 0 0 0 0 0 0 74 0 74

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 0

0 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

155 155 132 124 119 8 5 23 0 23 0 0 0 0

123 147 144 119 112 25 19 3 0 0 3 -24 0 -24

167 184 180 119 90 61 61 4 0 0 4 -17 0 -17

75 136 136 100 97 36 40 0 0 -2 2 -60 0 -60

13 85 91 84 91 7 19 -6 0 -5 -2 -72 0 -72

12 48 71 58 66 13 13 -24 0 -23 -1 -35 0 -35

9 67 67 52 63 15 15 0 0 0 0 -58 0 -58

.. ..

.. ..

.. ..

0 67

0 66

0 22

0 52

0 27

0 33

0 32

5. LONG-TERM DEBT

298 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

54 20 19 5 2 14 3 1 0 1 0 34 0 34

58 24 22 7 3 15 3 2 0 2 0 34 0 34

47 16 14 7 5 7 5 2 0 2 0 31 0 31

69 23 20 11 5 10 6 2 0 2 0 47 0 47

44 21 18 11 6 8 4 2 0 2 0 23 0 23

24 13 13 10 7 3 1 1 0 0 0 10 0 10

15 12 12 10 8 1 1 0 0 0 0 4 0 4

.. ..

.. ..

.. ..

0 2

0 2

0 2

0 3

0 3

0 3

0 4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

101 135 113 119 117 -6 2 22 0 22 0 -34 0 -34

65 123 122 112 109 10 15 1 0 -2 3 -58 0 -58

120 169 166 112 86 55 57 2 0 -2 4 -49 0 -49

6 113 115 89 92 27 34 -2 0 -5 2 -107 0 -107

-31 64 73 73 85 0 15 -9 0 -6 -2 -95 0 -95

-11 34 59 48 60 10 12 -24 0 -23 -1 -46 0 -46

-6 55 55 42 56 14 14 0 0 0 0 -61 0 -61

.. ..

.. ..

.. ..

0 65

0 64

0 19

0 49

0 24

0 30

0 28

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

64 30 28 6 2 22 4 1 0 1 0 34 0 34

99 40 38 11 3 27 6 2 0 2 0 59 0 59

98 17 15 8 5 7 5 2 0 2 0 81 0 81

155 40 34 18 5 15 7 6 0 5 2 115 0 115

155 50 40 19 6 21 6 10 0 6 4 105 0 105

147 46 22 19 7 3 1 24 0 23 1 102 0 102

102 24 24 23 9 1 1 0 0 0 0 78 0 78

.. ..

.. ..

.. ..

0 2

0 2

0 2

0 3

0 3

0 3

0 4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

422 422 0

567 558 9

526 521 5

471 470 1

403 403 0

386 386 0

361 361 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

464 644 751 392

631 593 934 368

801 586 1,134 350

880 525 1,220 290

971 413 1,256 234

1,156 400 1,397 250

1,378 323 1,588 192

.. 2.0 0.3 15.0 0.0 0.0 67.9 11.8 0.2 2.8

2.2 .. .. 13.6 0.0 0.0 69.8 10.6 0.2 3.6

2.5 .. .. 14.1 0.0 0.0 68.7 10.5 0.3 3.9

3.2 .. .. 14.5 0.0 0.0 67.7 10.2 0.3 4.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

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

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

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

.. 2.5 0.1 10.3 0.0 0.1 75.5 11.3 0.0 0.2

.. 2.9 0.5 11.3 0.0 0.0 71.7 13.3 0.0 0.2

.. 2.3 0.3 15.0 0.0 0.0 67.2 13.1 0.1 1.9

299 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 3 41 0 .. .. 3 41 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 8. DEBT STOCK-FLOW RECONCILIATION .. .. 204 164 231 .. .. 214 121 208 .. .. 0 0 11 .. .. 0 0 0 .. .. 0 0 0 .. .. -64 -9 6 .. .. 54 52 6 9. AVERAGE TERMS OF NEW COMMITMENTS

32 0 22 22 0 1 1 0 0 0 0 0

108 45 49 49 0 13 13 0 0 0 0 0

25 0 14 12 2 11 11 0 0 0 0 0

41 0 28 26 2 12 12 0 0 0 0 0

91 152 -1 1 0 -67 6

-110 -64 -6 13 0 -68 15

133 -31 6 11 0 96 51

170 34 -7 12 0 125 7

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

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

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.7 24.3 6.8 45.7

2.1 33.6 11.6 65.9

1.3 23.9 7.2 58.8

1.0 35.8 9.5 76.4

1.3 28.2 9.0 68.7

1.2 31.4 8.4 70.9

0.8 38.9 10.2 79.5

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.4 26.0 7.3 49.2

2.0 34.7 12.0 67.7

1.3 24.2 7.3 59.4

1.0 35.8 9.5 76.4

1.3 28.4 9.1 69.1

1.2 31.4 8.4 70.9

0.8 38.9 10.2 79.5

.. .. .. ..

.. .. .. ..

.. .. .. ..

7.0 5.1 0.5 6.3

3.7 6.7 2.3 22.4

1.4 1.3 0.8 8.7

0.0 0.0 0.0 0.0

3.0 8.4 2.9 28.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. 282 284 147 201 .. .. .. 259 273 145 201 .. .. .. 23 11 2 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

74 73 1

73 73 0

29 29 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

127 109 41

94 104 38

48 69 32

34 68 32

25 78 32

15 84 32

9 82 30

5 111 29

3 70 27

2 67 26

127 55 28

94 65 28

48 52 30

34 57 31

25 68 32

15 75 32

9 74 30

5 65 29

3 65 27

2 67 26

25 41 17

25 48 16

4 32 16

2 32 16

1 34 15

0 36 14

0 36 13

0 25 12

0 25 11

0 26 10

102 13 11

69 17 12

44 20 14

32 25 15

24 34 17

15 39 17

9 38 17

5 40 16

3 40 16

2 41 15

0 54 13

0 38 10

0 17 2

0 11 1

0 11 0

0 9 0

0 8 0

0 46 0

0 4 0

0 1 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 54 13

0 38 10

0 17 2

0 11 1

0 11 0

0 9 0

0 8 0

0 46 0

0 4 0

0 1 0

300 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

8 8 8 0 0 0 0 0 0 0 0 0 0

350 333 333 0 16 1 1 1 1 4 1 3 0

1,768 1,757 1,757 0 8 2 0 0 0 1 1 0 3

2,320 2,247 2,247 0 66 7 0 0 0 2 2 0 58

2,437 2,373 2,373 0 62 1 0 0 0 1 1 0 17

2,527 2,471 2,471 0 53 3 0 0 0 1 1 0 9

2,502 2,453 2,453 0 42 7 0 0 0 1 1 0 11

2,495 2,456 2,456 0 37 1 0 0 0 0 0 0 9

2,665 2,620 2,620 0 43 1 0 0 0 0 0 0 11

2,846 2,801 2,801 0 44 1 0 0 0 0 0 0 8

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

6 6 0 1 1 0 4 0 0 0 0 0 4 2 2 0 0

60 55 4 1 1 0 59 0 1 1 0 0 57 2 2 0 0

152 152 0 6 5 1 147 1 3 3 0 0 144 9 8 1 0

143 135 8 20 15 5 119 -4 8 7 0 0 111 28 22 5 0

95 95 0 23 16 6 66 -6 8 8 0 0 58 31 24 7 0

81 81 0 28 19 8 54 1 9 9 0 0 45 37 28 8 0

82 82 0 31 23 8 55 4 10 9 0 0 45 41 32 8 0

107 101 6 33 24 9 68 -6 10 10 0 0 58 44 34 10 0

97 85 12 34 25 9 63 0 11 10 0 0 52 45 35 9 0

110 104 6 38 29 9 72 0 12 12 0 0 60 50 40 9 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

33 4 0 0 28 40 33 0

70 54 0 0 16 14 70 0

199 146 6 0 47 30 193 6

251 120 0 0 132 64 251 0

197 78 0 0 119 68 197 0

205 61 0 0 144 75 205 0

228 59 34 0 135 74 194 34

194 77 24 0 93 79 170 24

200 60 25 0 115 82 175 25

218 75 19 0 123 80 198 20

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

32 0 0 32 0

69 1 0 69 0

196 3 0 190 6

234 7 11 244 -11

176 8 14 190 -14

183 9 13 196 -13

181 9 37 185 -3

148 10 36 160 -12

148 10 42 165 -17

160 12 46 186 -27

1,248 494 50 644 117 -77

1,428 479 1 629 135 90

1,657 513 1 638 144 -8

1,715 483 1 599 151 -82

1,694 434 1 505 216 ..

2,084 481 1 551 257 ..

493.3 195.2 6.3 1.7 0.7 4.8 2.2 0.1 97.3 39.0

527.8 176.9 7.7 2.0 0.7 5.4 2.6 0.1 97.7 41.6

487.5 151.0 7.9 1.9 0.6 5.7 2.7 0.3 98.0 41.6

516.4 145.5 9.0 2.1 0.6 6.0 3.0 0.0 98.4 42.0

614.3 157.3 10.3 2.4 0.6 8.1 5.1 0.0 98.3 45.9

591.3 136.6 10.3 2.5 0.6 9.0 5.6 0.0 98.4 49.6

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0 .. .. ..

.. .. 0 .. .. ..

866 105 11 215 8 -55

.. .. .. .. .. .. .. 0.0 90.2 0.0

.. .. .. .. .. .. .. 0.4 93.3 5.9

1,690.3 204.3 8.7 2.9 0.4 0.5 0.5 0.1 99.1 15.1

1,704 435 41 741 117 -206

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

533.1 136.1 6.4 1.8 0.5 5.0 1.9 0.3 96.7 35.1

301 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8 8 8 0 0 8 8 1 0 0 1 0 0 0

333 333 327 21 21 306 306 6 0 0 6 0 0 0

1,757 1,757 1,757 266 266 1,491 1,485 0 0 0 0 0 0 0

0 0

0 6

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 6 6 0 0 6 6 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

2,247 2,247 2,247 814 814 1,433 1,430 0 0 0 0 0 0 0

2,373 2,373 2,373 950 950 1,423 1,420 0 0 0 0 0 0 0

2,471 2,471 2,471 1,050 1,050 1,421 1,419 0 0 0 0 0 0 0

2,453 2,453 2,453 1,041 1,041 1,412 1,410 0 0 0 0 0 0 0

2,456 2,456 2,456 1,049 1,049 1,407 1,406 0 0 0 0 0 0 0

2,620 2,620 2,620 1,223 1,223 1,397 1,397 0 0 0 0 0 0 0

2,801 2,801 2,801 1,412 1,412 1,388 1,388 0 0 0 0 0 0 0

0 131

0 358

0 395

0 405

0 403

0 415

0 473

0 561

55 55 55 7 7 48 48 0 0 0 0 0 0 0

152 152 152 78 78 74 74 0 0 0 0 0 0 0

135 135 135 132 132 2 2 0 0 0 0 0 0 0

95 95 95 95 95 0 0 0 0 0 0 0 0 0

81 81 81 70 70 10 10 0 0 0 0 0 0 0

82 82 82 73 73 8 8 0 0 0 0 0 0 0

101 101 101 88 88 13 13 0 0 0 0 0 0 0

85 85 85 85 85 0 0 0 0 0 0 0 0 0

104 104 104 104 104 0 0 0 0 0 0 0 0 0

0 0

0 5

0 32

0 42

0 25

0 21

0 20

0 31

0 33

0 48

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 0 0 1 1 0 0 0 0 0 0 0

1 1 1 0 0 1 1 0 0 0 0 0 0 0

5 5 5 3 3 3 2 0 0 0 0 0 0 0

15 15 15 3 3 12 11 0 0 0 0 0 0 0

16 16 16 5 5 12 11 0 0 0 0 0 0 0

19 19 19 6 6 14 13 0 0 0 0 0 0 0

23 23 23 9 9 14 13 0 0 0 0 0 0 0

24 24 24 11 11 13 12 0 0 0 0 0 0 0

25 25 25 12 12 13 12 0 0 0 0 0 0 0

29 29 29 16 16 13 12 0 0 0 0 0 0 0

0 0

0 0

0 0

0 1

0 1

0 2

0 4

0 4

0 6

0 7

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 5 0 0 5 5 0 0 0 0 0 0 0

54 54 54 7 7 47 47 0 0 0 0 0 0 0

146 146 146 75 75 71 72 0 0 0 0 0 0 0

120 120 120 129 129 -9 -9 0 0 0 0 0 0 0

78 78 78 90 90 -12 -11 0 0 0 0 0 0 0

61 61 61 65 65 -4 -3 0 0 0 0 0 0 0

59 59 59 64 64 -5 -5 0 0 0 0 0 0 0

77 77 77 77 77 0 1 0 0 0 0 0 0 0

60 60 60 73 73 -13 -12 0 0 0 0 0 0 0

75 75 75 88 88 -13 -12 0 0 0 0 0 0 0

0 0

0 5

0 32

0 41

0 24

0 19

0 17

0 27

0 27

0 42

5. LONG-TERM DEBT

302 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

1 1 1 0 0 1 1 0 0 0 0 0 0 0

3 3 3 2 2 1 1 0 0 0 0 0 0 0

7 7 7 7 7 1 0 0 0 0 0 0 0 0

8 8 8 7 7 0 0 0 0 0 0 0 0 0

9 9 9 9 9 0 0 0 0 0 0 0 0 0

9 9 9 9 9 1 0 0 0 0 0 0 0 0

10 10 10 9 9 0 0 0 0 0 0 0 0 0

10 10 10 10 10 0 0 0 0 0 0 0 0 0

12 12 12 11 11 0 0 0 0 0 0 0 0 0

0 0

0 0

0 1

0 2

0 3

0 3

0 3

0 3

0 3

0 4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 4 0 0 4 4 0 0 0 0 0 0 0

53 53 53 7 7 46 46 0 0 0 0 0 0 0

144 144 144 73 73 70 71 0 0 0 0 0 0 0

112 112 112 122 122 -10 -9 0 0 0 0 0 0 0

71 71 71 83 83 -12 -11 0 0 0 0 0 0 0

52 52 52 56 56 -4 -3 0 0 0 0 0 0 0

49 49 49 55 55 -6 -5 0 0 0 0 0 0 0

67 67 67 68 68 0 0 0 0 0 0 0 0 0

50 50 50 63 63 -13 -13 0 0 0 0 0 0 0

63 63 63 77 77 -13 -13 0 0 0 0 0 0 0

0 0

0 5

0 31

0 38

0 21

0 16

0 14

0 24

0 24

0 38

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 1 0 0 1 1 0 0 0 0 0 0 0

2 2 2 0 0 2 2 0 0 0 0 0 0 0

8 8 8 5 5 4 3 0 0 0 0 0 0 0

22 22 22 10 10 12 12 0 0 0 0 0 0 0

24 24 24 12 12 12 11 0 0 0 0 0 0 0

28 28 28 15 15 14 13 0 0 0 0 0 0 0

32 32 32 18 18 14 14 0 0 0 0 0 0 0

34 34 34 20 20 14 13 0 0 0 0 0 0 0

35 35 35 22 22 13 13 0 0 0 0 0 0 0

40 40 40 27 27 13 13 0 0 0 0 0 0 0

0 0

0 0

0 1

0 3

0 4

0 5

0 7

0 7

0 9

0 11

10 9 1

253 253 0

221 221 0

456 456 0

478 478 0

378 378 0

344 344 0

385 385 0

359 359 0

398 398 0

8 0 8 0

327 0 333 0

1,752 0 1,757 0

2,243 0 2,247 0

2,370 0 2,373 0

2,469 0 2,471 0

2,451 0 2,453 0

2,455 0 2,456 0

2,620 0 2,620 0

2,801 0 2,801 0

.. 0.0 0.0 1.2 0.0 0.0 17.4 23.6 1.6 56.2

0.0 .. .. 1.5 0.0 0.0 19.1 21.9 1.8 55.7

0.0 .. .. 1.4 0.0 0.0 21.9 23.0 1.9 51.8

0.0 .. .. 1.4 0.0 0.0 25.8 22.8 1.9 48.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 77.3 12.9 0.0 0.0 0.0 9.8 0.0 0.0 0.0

.. 10.3 4.3 7.7 0.0 0.0 3.6 3.0 0.0 71.1

.. 1.8 0.3 1.5 0.0 0.0 7.1 7.1 1.1 81.1

.. 0.0 0.1 0.7 0.0 0.0 15.6 19.5 1.3 62.8

.. 0.0 0.1 0.7 0.0 0.0 16.6 22.1 1.4 59.0

.. 0.0 0.1 1.1 0.0 0.0 16.7 24.3 1.5 56.2

303 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 57 117 90 .. 296 59 147 119 66 54 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 141 -114 -6 9 51 56 26 .. 7 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-25 55 0 0 0 -73 -7

-8 68 0 0 0 -70 -5

170 63 0 0 0 100 8

182 72 0 0 0 134 -24

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

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

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 4 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

3.0 28.2 4.4 51.1

0.2 33.0 25.5 91.1

0.9 39.9 10.0 79.0

2.6 39.1 10.1 63.6

1.7 39.4 9.9 71.7

1.2 33.8 8.7 72.8

1.4 31.6 8.1 69.9

1.2 32.9 8.8 72.4

0.8 39.6 10.1 80.5

1.2 32.2 8.5 71.5

2.5 30.8 4.2 55.8

0.2 33.0 25.5 91.1

0.9 39.9 10.0 79.0

2.6 39.1 10.1 63.6

1.7 39.4 9.9 71.7

1.2 33.8 8.7 72.8

1.4 31.6 8.1 69.9

1.2 32.9 8.8 72.4

0.8 39.6 10.1 80.5

1.2 32.2 8.5 71.5

6.3 10.1 5.6 18.2

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

0.0 0.0 0.0 0.0

12 96 125 143 128 8 68 11 96 125 143 128 8 68 2 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

145 145 0

45 45 0

120 120 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

116 32 14

83 100 15

62 91 18

45 95 21

33 105 21

22 110 21

15 114 21

9 120 20

5 123 20

3 125 19

116 32 14

83 100 15

62 91 18

45 95 21

33 105 21

22 110 21

15 114 21

9 120 20

5 123 20

3 125 19

0 12 0

0 78 0

0 65 0

0 65 0

0 65 0

0 65 0

0 65 0

0 65 0

0 65 0

0 65 0

116 20 13

83 22 14

62 26 18

45 31 20

33 40 21

22 45 21

15 50 21

9 55 20

5 58 20

3 60 19

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 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

304 LATVIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

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

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

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

2,759 953 314 639 86 1,720 0 0 0 0 0 0 166

3,115 1,348 404 944 64 1,703 0 0 0 0 0 0 82

4,061 1,940 865 1,075 47 2,075 0 0 0 0 0 0 79

4,855 1,979 827 1,151 35 2,842 0 0 0 0 0 0 56

5,293 2,234 978 1,256 24 3,035 0 0 0 0 0 0 48

6,808 2,630 1,124 1,507 16 4,163 0 0 0 0 0 0 43

8,803 3,166 1,238 1,928 6 5,632 0 0 0 0 0 0 48

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

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

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

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

317 317 0 166 129 37 1,070 919 110 42 5 63 960 276 171 42 63

533 533 0 161 136 25 355 -18 146 57 4 86 208 308 194 28 86

849 849 0 219 204 15 1,002 372 177 71 2 103 825 396 275 17 103

410 410 0 330 319 10 848 767 270 107 2 161 578 599 426 12 161

960 960 0 645 635 10 508 193 199 92 1 106 309 845 727 11 106

580 580 0 490 480 10 1,218 1,128 160 95 1 64 1,058 650 575 10 64

900 900 0 752 741 11 1,393 1,245 182 122 0 60 1,211 934 863 11 60

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

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

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

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

765 188 521 6 50 24 112 653

855 397 357 30 71 24 166 689

1,070 645 348 7 71 20 350 720

561 91 410 -7 68 15 86 475

569 324 164 1 80 13 97 472

445 100 254 23 68 10 77 368

597 159 300 39 99 15 26 570

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

653 42 70 97 556

715 57 82 150 565

875 71 124 330 545

362 107 92 52 310

379 92 99 63 316

245 95 105 46 199

266 122 209 -9 275

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

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

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

6,669 3,330 49 4,101 873 -650

7,166 3,074 49 3,818 944 -654

7,758 3,470 131 4,017 919 -355

8,274 3,705 206 4,471 1,217 -626

9,201 4,080 138 4,966 1,327 -621

11,013 5,056 171 6,502 1,536 -917

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

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

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

93.5 46.7 9.2 4.4 2.2 28.0 2.6 54.7 2.4 9.2

132.1 56.7 12.9 5.7 2.5 23.3 3.0 51.1 1.7 13.2

139.9 62.6 17.3 7.8 3.5 18.9 2.7 58.5 1.0 11.2

142.9 64.0 22.8 5.4 2.4 23.0 3.3 57.3 0.8 10.2

166.9 74.0 15.9 3.9 1.7 19.5 3.2 61.1 0.9 8.9

174.1 79.9 18.5 3.6 1.7 17.5 2.8 64.0 0.9 7.3

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

6,187 3,050 46 3,471 832 -345

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

90.5 44.6 9.0 3.6 1.8 30.2 2.9 62.3 2.5 7.2

305 LATVIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

1997

1998

1999

2000

2001

2002

2003

953 314 273 199 0 74 70 41 0 6 35 639 30 609

1,348 404 365 286 0 79 75 39 0 8 32 944 30 914

1,940 865 607 535 0 72 70 258 226 6 26 1,075 30 1,045

1,979 827 591 543 0 49 48 236 209 4 22 1,151 0 1,151

2,234 978 582 539 0 43 42 397 375 3 19 1,256 0 1,256

2,630 1,124 660 606 11 54 53 464 446 2 16 1,507 0 1,507

3,166 1,238 687 640 29 47 47 551 537 1 13 1,928 0 1,928

.. ..

120 0

186 0

200 0

242 0

243 0

263 0

185 0

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

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

317 104 93 75 0 18 14 11 0 0 11 213 30 183

533 107 104 100 0 4 3 3 0 2 1 427 0 427

849 535 291 291 0 0 0 245 240 2 3 314 0 314

410 94 91 91 0 1 1 3 0 0 3 316 0 316

960 242 61 57 0 4 4 181 179 0 2 718 0 718

580 55 55 44 11 11 11 0 0 0 0 525 0 525

900 60 60 57 17 3 3 0 0 0 0 839 0 839

.. ..

.. ..

.. ..

53 0

82 0

28 0

63 0

22 0

14 0

3 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

129 68 30 25 0 5 4 37 33 0 4 61 0 61

136 14 9 5 0 3 2 6 0 1 5 122 0 122

204 21 12 7 0 4 3 9 0 3 7 183 0 183

319 81 73 53 0 19 18 8 0 1 6 239 30 209

635 50 45 39 0 5 5 6 0 1 4 585 0 585

480 52 46 41 0 5 5 6 0 1 4 428 0 428

741 138 133 117 0 16 16 5 0 1 4 603 0 603

.. ..

.. ..

.. ..

0 0

4 0

4 0

9 0

11 0

16 0

109 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

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

188 36 63 50 0 12 10 -26 -33 0 6 152 30 122

397 92 95 95 0 0 1 -3 0 1 -4 305 0 305

645 515 279 283 0 -4 -3 235 240 -1 -4 131 0 131

91 14 18 37 0 -19 -18 -4 0 -1 -3 77 -30 107

324 192 17 18 0 -1 0 175 179 -1 -3 132 0 132

100 3 9 3 11 6 6 -6 0 -1 -4 97 0 97

159 -78 -72 -60 17 -13 -12 -5 0 -1 -4 237 0 237

.. ..

.. ..

.. ..

53 0

78 0

23 0

54 0

11 0

-3 0

-106 0

5. LONG-TERM DEBT

306 LATVIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

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

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

42 19 15 11 0 4 3 4 2 0 2 23 0 23

57 17 16 12 0 3 3 1 0 0 1 40 2 38

71 20 19 16 0 3 3 1 0 0 1 51 2 49

107 50 34 31 0 3 3 16 15 0 1 57 2 55

92 47 34 32 0 2 2 13 12 0 1 45 0 45

95 48 31 29 0 2 2 17 16 0 1 47 0 47

122 53 36 34 0 2 2 18 17 0 0 69 0 69

.. ..

.. ..

.. ..

6 0

8 0

13 0

12 0

13 0

11 0

13 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

146 17 47 39 0 8 7 -31 -35 0 4 129 30 99

340 75 79 83 0 -3 -2 -4 0 1 -5 265 -2 267

574 494 260 267 0 -7 -6 234 240 -1 -5 80 -2 82

-16 -36 -15 6 0 -22 -21 -20 -15 -2 -4 20 -32 52

233 145 -17 -14 0 -3 -2 162 167 -1 -3 88 0 88

5 -44 -22 -26 11 5 5 -23 -16 -1 -5 49 0 49

36 -131 -108 -94 17 -14 -14 -23 -17 -1 -4 167 0 167

.. ..

.. ..

.. ..

47 0

70 0

10 0

42 0

-2 0

-14 0

-119 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

171 87 46 36 0 9 7 42 35 0 6 83 0 83

194 32 25 18 0 7 5 7 0 1 6 162 2 160

275 41 31 24 0 7 6 10 0 3 7 234 2 232

426 130 107 84 0 22 21 24 15 2 7 296 32 264

727 97 78 71 0 7 7 19 12 1 5 630 0 630

575 99 77 70 0 6 6 23 16 1 5 476 0 476

863 192 169 151 0 18 17 23 17 1 4 672 0 672

.. ..

.. ..

.. ..

6 0

12 0

17 0

21 0

24 0

28 0

123 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

245 232 13

257 246 11

262 256 6

194 192 2

168 168 0

178 178 0

182 182 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

70 877 303 650

75 1,262 394 954

70 1,631 858 1,082

48 1,697 818 1,160

42 1,781 964 1,270

64 2,107 1,103 1,528

76 2,516 1,215 1,950

.. 7.6 0.6 4.7 0.0 0.6 20.0 13.7 0.0 52.8

69.9 .. .. 3.2 0.0 0.4 16.2 10.1 0.0 0.1

73.1 .. .. 2.7 0.0 0.3 15.1 8.7 0.0 0.1

82.2 .. .. 1.4 0.0 0.2 15.6 0.5 0.0 0.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 10.2 0.0 13.7 0.0 0.0 43.8 30.9 0.0 1.4

.. 17.6 0.0 11.8 0.0 0.6 40.6 28.2 0.0 1.2

.. 7.5 0.3 5.7 0.0 0.4 18.5 14.2 0.0 53.5

307 LATVIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 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 8. DEBT STOCK-FLOW RECONCILIATION 356 946 .. .. 1,528 1,002 .. .. 1,070 355 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 17 2 .. .. -25 .. .. 483 -16 -57 9. AVERAGE TERMS OF NEW COMMITMENTS

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

794 848 0 0 0 -49 -5

438 508 0 0 0 -28 -42

1,515 1,218 0 0 0 125 173

1,994 1,393 0 0 0 164 213

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.7 13.8 4.1 22.9

5.1 17.4 4.5 30.0

6.2 8.9 7.6 19.5

5.8 14.7 5.8 23.8

4.9 8.8 6.5 26.2

2.4 18.4 5.4 49.9

2.6 14.1 3.9 38.8

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.7 14.0 4.3 23.1

5.1 17.4 4.5 30.0

5.9 7.2 4.8 17.6

5.8 14.7 5.8 23.8

2.5 19.0 4.0 47.1

2.4 18.4 5.4 49.9

2.6 14.1 3.9 38.8

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.4 12.0 2.5 21.4

0.0 0.0 0.0 0.0

6.6 11.0 11.0 22.0

0.0 0.0 0.0 0.0

5.4 7.0 7.0 22.5

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. 102 89 535 98 .. .. .. 90 89 295 98 .. .. .. 12 0 240 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

211 32 179

55 55 0

54 54 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

56 744 126

50 314 104

32 524 93

19 252 67

13 490 57

7 231 32

3 546 22

1 43 6

0 43 4

0 35 3

56 323 30

50 47 12

32 47 12

19 49 11

13 50 10

7 48 9

3 75 7

1 40 5

0 34 4

0 31 3

6 3 2

4 3 2

2 3 2

1 3 2

0 3 2

0 3 1

0 35 1

0 0 0

0 0 0

0 0 0

50 320 28

46 44 10

30 44 10

19 46 9

13 47 8

7 44 7

3 40 6

1 40 5

0 34 4

0 30 3

0 421 96

0 267 91

0 476 81

0 203 57

0 440 47

0 184 24

0 471 15

0 3 0

0 9 0

0 4 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

0 420 96

0 267 91

0 476 81

0 203 57

0 440 47

0 184 24

0 471 15

0 3 0

0 9 0

0 4 0

308 LEBANON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

64 64 64 0 0 0 0 0 0 0 0 0 0

510 216 216 0 0 294 0 0 0 0 0 0 0

1,779 358 358 0 0 1,421 39 16 23 132 28 104 345

5,029 3,234 2,349 885 0 1,795 0 0 0 0 0 0 730

6,793 4,833 4,048 785 0 1,961 0 0 0 0 0 0 337

8,205 6,003 5,332 671 0 2,202 0 0 0 0 0 0 290

9,856 7,315 6,579 736 0 2,541 0 0 0 0 0 0 302

12,446 9,788 8,952 836 0 2,658 0 0 0 0 0 0 478

17,077 14,530 13,829 701 0 2,547 0 0 0 0 0 0 366

18,598 15,474 14,778 696 0 3,124 0 0 0 0 0 0 443

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

12 12 0 2 2 0 10 0 1 1 0 0 8 4 4 0 0

120 120 0 7 7 0 236 124 45 6 0 39 191 53 13 0 39

12 12 0 27 27 0 726 742 72 11 0 61 654 99 38 0 61

1,381 1,381 0 437 437 0 1,086 142 296 201 0 95 791 733 638 0 95

1,726 1,726 0 168 168 0 1,723 166 358 263 0 95 1,365 526 431 0 95

1,556 1,556 0 279 279 0 1,519 241 489 361 0 128 1,030 768 640 0 128

2,315 2,315 0 876 876 0 1,778 339 593 461 0 132 1,185 1,469 1,337 0 132

3,261 3,261 0 684 684 0 2,694 117 778 646 0 132 1,916 1,462 1,330 0 132

5,649 5,649 0 1,114 1,114 0 4,424 -111 1,073 963 0 110 3,351 2,188 2,078 0 110

2,434 2,434 0 1,820 1,820 0 1,190 577 1,431 1,276 0 155 -241 3,252 3,097 0 155

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

12 10 0 0 3 9 12 0

299 112 -12 0 199 19 242 58

203 -16 6 0 213 39 190 13

1,214 944 150 0 119 43 239 974

1,909 1,557 200 44 108 46 274 1,635

1,558 1,277 250 -51 82 59 164 1,394

1,871 1,439 298 1 133 55 185 1,686

2,947 2,577 249 8 113 63 187 2,760

4,943 4,535 257 4 147 78 140 4,803

1,081 614 358 3 106 101 687 394

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

11 1 0 11 0

293 6 0 236 57

192 11 0 181 11

1,013 201 0 209 804

1,646 263 0 240 1,406

1,197 361 0 124 1,073

1,409 461 0 140 1,269

2,301 646 0 159 2,142

3,980 963 0 101 3,879

-195 1,276 0 626 -822

17,431 3,185 1,402 6,542 10,452 -3,247

17,420 3,385 1,582 6,484 8,475 -3,046

17,530 3,470 2,307 7,369 7,564 -3,407

17,995 3,802 2,500 7,209 10,405 -3,348

18,123 4,922 2,700 8,446 16,367 -3,382

257.6 47.1 24.1 15.4 2.8 127.4 19.2 26.8 7.1 7.5

291.2 56.6 43.4 17.5 3.4 86.0 15.7 25.8 5.7 6.2

358.7 71.0 42.1 22.4 4.4 60.8 12.3 21.4 4.4 5.3

449.2 94.9 57.5 28.2 6.0 60.9 17.3 14.9 3.2 4.2

377.9 102.6 66.1 29.1 7.9 88.0 23.3 16.8 6.3 7.7

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0 .. 405 ..

.. .. 0 .. 7,025 ..

.. .. .. .. .. 630.4 .. 0.0 47.4 28.5

.. .. .. .. .. 1,376.6 .. 57.6 14.5 15.2

3,461 3,023 1,818 2,908 4,210 115

15,297 3,889 1,225 8,024 8,653 -4,087

16,991 3,338 1,225 7,360 9,210 -3,952

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

58.8 51.4 3.3 2.4 2.1 236.7 17.4 79.9 6.2 4.7

129.3 32.9 18.8 7.6 1.9 172.1 12.9 35.7 9.3 7.4

203.5 40.0 15.8 10.7 2.1 135.6 15.0 28.9 8.2 8.1

309 LEBANON (US$ million, unless otherwise indicated) 1970

1980

1990

64 64 64 18 0 46 30 0 0 0 0 0 0 0

216 216 146 78 21 68 53 71 0 70 1 0 0 0

358 358 188 84 30 104 81 169 0 0 169 0 0 0

18 0

27 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 12 0 0 12 6 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

3,234 2,349 710 371 186 339 281 1,639 1,040 579 20 885 885 0

4,833 4,048 904 551 262 353 294 3,144 2,499 625 19 785 785 0

6,003 5,332 948 613 295 335 288 4,384 3,681 686 17 671 671 0

7,315 6,579 931 616 288 315 276 5,648 5,260 374 15 736 736 0

9,788 8,952 954 663 286 291 256 7,998 7,612 374 12 836 836 0

14,530 13,829 1,010 720 285 289 253 12,820 12,517 291 12 701 701 0

15,474 14,778 1,737 1,437 912 300 263 13,041 12,800 231 10 696 696 0

34 0

151 0

199 0

234 0

248 0

259 0

313 0

362 0

120 120 50 17 5 32 17 70 0 70 0 0 0 0

12 12 5 0 0 5 5 6 0 0 6 0 0 0

1,381 906 146 75 25 71 63 761 644 116 0 475 475 0

1,726 1,726 193 175 76 19 18 1,532 1,450 82 0 0 0 0

1,556 1,510 141 112 50 29 27 1,369 1,240 129 0 46 46 0

2,315 2,200 118 102 52 16 15 2,082 2,031 51 0 115 115 0

3,261 3,061 123 107 31 16 15 2,937 2,900 37 0 200 200 0

5,649 5,509 88 79 14 10 9 5,421 5,420 1 0 140 140 0

2,434 2,274 679 668 579 12 12 1,595 1,590 4 0 160 160 0

0 0

8 0

0 0

39 0

48 0

48 0

42 0

48 0

65 0

57 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 1 0 1 1 0 0 0 0 0 0 0

7 7 7 3 0 4 4 0 0 0 0 0 0 0

27 27 27 6 0 21 1 0 0 0 0 0 0 0

437 437 26 12 4 14 13 411 400 10 1 0 0 0

168 68 27 12 2 15 12 41 0 40 2 100 100 0

279 119 59 32 14 27 21 60 0 58 2 160 160 0

876 826 66 39 18 27 21 760 400 358 2 50 50 0

684 584 49 29 2 20 16 534 500 32 2 100 100 0

1,114 839 95 66 22 29 25 744 659 84 1 275 275 0

1,820 1,655 99 75 25 23 18 1,557 1,477 78 2 165 165 0

1 0

3 0

6 0

8 0

9 0

12 0

17 0

24 0

29 0

34 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 10 10 -1 0 11 5 0 0 0 0 0 0 0

112 112 43 14 5 28 13 70 0 70 0 0 0 0

-16 -16 -22 -6 0 -16 4 6 0 0 6 0 0 0

944 469 120 63 21 57 50 349 244 106 -1 475 475 0

1,557 1,657 167 163 73 4 7 1,491 1,450 42 -1 -100 -100 0

1,277 1,391 82 80 37 2 7 1,309 1,240 71 -2 -114 -114 0

1,439 1,374 52 63 35 -11 -6 1,322 1,631 -307 -2 65 65 0

2,577 2,477 74 78 29 -4 0 2,403 2,400 5 -2 100 100 0

4,535 4,670 -7 13 -8 -19 -16 4,677 4,761 -83 -1 -135 -135 0

614 619 581 592 555 -11 -6 38 113 -73 -2 -5 -5 0

-1 0

4 0

-6 0

32 0

38 0

36 0

26 0

24 0

36 0

23 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

310 LEBANON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1 1 1 1 0 0 0 0 0 0 0 0 0 0

6 6 6 4 1 2 2 0 0 0 0 0 0 0

11 11 9 4 0 5 0 2 0 0 2 0 0 0

201 164 31 19 7 11 8 133 81 50 2 37 37 0

263 185 34 22 8 13 8 151 99 49 2 77 77 0

361 293 40 27 11 13 8 253 191 60 2 69 69 0

461 405 45 33 13 12 8 360 300 58 2 57 57 0

646 582 28 20 2 7 5 554 536 16 2 65 65 0

963 892 39 28 8 12 7 853 806 46 1 71 71 0

1,276 1,215 61 48 26 13 6 1,154 1,118 35 1 61 61 0

1 0

2 0

4 0

10 0

11 0

13 0

14 0

15 0

14 0

15 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8 8 9 -2 0 11 5 0 0 0 0 0 0 0

106 106 37 10 5 27 12 69 0 70 0 0 0 0

-27 -27 -31 -11 0 -21 4 4 0 0 4 0 0 0

744 306 89 44 13 46 42 216 164 56 -3 438 438 0

1,295 1,472 132 141 65 -9 -1 1,340 1,351 -7 -4 -177 -177 0

916 1,099 43 53 26 -10 -1 1,056 1,049 11 -4 -183 -183 0

978 970 8 30 22 -23 -14 962 1,331 -365 -4 8 8 0

1,931 1,895 46 57 27 -11 -6 1,849 1,864 -11 -4 35 35 0

3,572 3,778 -46 -15 -16 -31 -23 3,824 3,955 -130 -2 -206 -206 0

-663 -597 520 544 529 -24 -12 -1,117 -1,005 -108 -3 -66 -66 0

-2 0

3 0

-11 0

22 0

28 0

24 0

11 0

9 0

22 0

7 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 4 2 0 1 1 0 0 0 0 0 0 0

13 13 13 7 1 6 6 1 0 0 0 0 0 0

38 38 37 11 0 26 1 2 0 0 2 0 0 0

638 601 57 32 12 25 21 544 481 60 3 37 37 0

431 253 61 34 10 28 20 192 99 89 4 177 177 0

640 412 98 59 25 39 29 313 191 118 4 229 229 0

1,337 1,230 111 72 31 39 29 1,120 700 416 4 107 107 0

1,330 1,165 77 50 4 28 21 1,088 1,036 48 4 165 165 0

2,078 1,732 135 94 29 41 32 1,597 1,465 130 2 346 346 0

3,097 2,871 159 124 50 36 23 2,711 2,596 112 3 226 226 0

2 0

5 0

11 0

18 0

20 0

25 0

31 0

38 0

43 0

49 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

1 1 0

401 164 237

116 79 37

1,118 898 220

988 813 175

775 712 63

781 751 31

654 638 16

774 750 24

792 768 24

30 0 64 0

74 70 216 0

111 0 358 0

467 1,048 2,349 885

557 997 4,022 811

583 914 5,306 697

564 1,216 6,553 762

543 1,325 8,926 862

538 1,244 13,812 718

1,176 1,062 14,778 696

.. 2.4 1.4 0.1 0.0 0.0 71.3 3.8 0.1 20.9

12.9 .. .. 0.1 0.0 0.0 79.1 2.9 0.0 5.1

8.1 .. .. 0.1 0.0 0.0 86.5 2.2 0.0 3.2

13.4 .. .. 0.2 0.0 0.0 81.3 2.2 0.0 2.9

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 21.9 0.0 0.0 0.0 44.7 0.0 0.0 33.3

.. 0.7 6.0 0.0 0.0 0.0 53.7 18.4 0.0 21.2

.. 5.3 31.7 0.5 0.7 0.5 41.0 9.4 0.0 10.8

.. 8.3 4.5 0.0 0.1 0.0 62.0 6.6 0.0 18.6

.. 5.1 2.7 0.0 0.0 0.0 72.9 5.0 0.0 14.3

.. 3.2 1.8 0.1 0.0 0.0 67.5 4.5 0.1 22.7

311 LEBANON (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 1,033 1,764 1,412 .. 755 236 726 1,086 1,723 1,519 .. 10 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 17 -48 40 -67 .. 3 -6 2 -40 9. AVERAGE TERMS OF NEW COMMITMENTS

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

1,651 1,778 0 0 0 -88 -39

2,590 2,694 0 0 0 -76 -28

4,631 4,424 0 0 0 250 -43

1,521 1,190 0 0 0 263 68

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 10 .. .. .. .. ..

2.9 20.4 1.4 42.0

3.0 12.4 2.6 34.3

0.0 0.0 0.0 0.0

6.6 12.0 8.1 20.9

8.3 6.2 4.9 7.2

8.7 7.4 7.0 5.4

9.0 5.5 4.7 3.7

10.0 6.7 6.5 -0.9

7.1 9.8 3.5 17.9

3.4 11.2 3.9 25.9

2.9 20.4 1.4 42.0

2.7 15.1 3.9 42.2

0.0 0.0 0.0 0.0

2.2 22.0 6.0 53.9

5.9 18.7 5.7 27.0

5.7 13.6 4.8 24.1

7.5 14.7 5.2 14.0

3.2 17.0 1.8 37.3

3.5 17.6 7.2 43.3

4.8 15.3 3.8 29.5

0.0 0.0 0.0 0.0

3.0 11.9 2.4 32.9

0.0 0.0 0.0 0.0

8.0 8.9 8.8 10.6

8.5 5.0 4.9 5.3

8.8 7.2 7.1 4.8

9.1 4.9 4.7 3.0

10.1 6.6 6.6 -1.3

7.2 9.5 3.4 17.0

2.8 9.4 4.0 24.3

7 92 0 859 1,622 1,297 2,188 7 14 0 206 136 36 137 0 78 0 654 1,486 1,261 2,051 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

2,932 31 2,901

5,609 182 5,427

2,283 686 1,597

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

201 2,638 1,082

188 3,043 833

134 2,418 576

96 764 478

65 1,297 422

41 1,241 323

27 596 231

16 581 206

10 549 181

9 535 158

187 130 81

182 138 80

132 220 78

95 201 72

65 203 66

41 217 60

27 216 52

16 206 43

10 174 35

9 160 29

67 35 11

65 36 11

41 36 10

23 36 9

11 35 8

5 39 9

3 36 7

0 33 7

0 29 6

0 24 5

120 94 71

117 102 70

91 183 68

73 165 63

54 168 58

36 177 52

24 181 44

16 172 37

10 145 30

9 136 24

15 2,509 1,001

6 2,905 752

2 2,198 498

1 563 406

0 1,094 356

0 1,024 263

0 379 180

0 376 163

0 375 146

0 375 129

15 55 16

6 55 12

2 51 8

1 19 4

0 16 3

0 16 2

0 6 1

0 3 1

0 2 1

0 2 1

0 2,453 985

0 2,849 740

0 2,148 490

0 545 401

0 1,078 352

0 1,009 261

0 373 179

0 373 162

0 373 145

0 373 128

312 LESOTHO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

8.1 8.1 8.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

71.9 57.7 57.7 0.0 6.2 8.0 0.0 0.0 0.0 0.0 0.0 0.0

395.6 377.7 377.7 0.0 15.1 2.8 0.8 0.5 0.3 3.6 2.0 1.6

673.5 641.9 641.9 0.0 27.5 4.0 0.0 0.0 0.0 0.0 0.0 0.0

688.2 660.5 660.5 0.0 23.6 4.1 0.1 0.1 0.0 0.0 0.0 0.0

682.1 661.0 661.0 0.0 17.1 4.0 0.0 0.0 0.0 0.0 0.0 0.0

671.8 656.7 656.7 0.0 11.1 4.0 0.0 0.0 0.0 0.0 0.0 0.0

597.7 578.5 578.5 0.0 15.2 4.0 0.0 0.0 0.0 0.0 0.0 0.0

657.8 631.8 631.8 0.0 22.0 4.0 0.0 0.0 0.0 0.0 0.0 0.0

706.5 675.9 675.9 0.0 26.6 4.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.0 0.3 0.3 0.0 0.1 0.0 0.2 0.2 0.0 0.0 -0.1 0.5 0.5 0.0 0.0

15.0 13.3 1.7 3.4 3.4 0.0 19.6 8.0 2.1 1.5 0.0 0.6 17.5 5.5 4.8 0.0 0.6

62.0 57.9 4.1 15.0 14.8 0.2 47.0 0.0 8.3 8.0 0.1 0.2 38.7 23.3 22.8 0.3 0.2

68.2 68.2 0.0 27.4 23.1 4.3 40.9 0.0 20.3 20.0 0.2 0.2 20.5 47.7 43.1 4.4 0.2

64.5 64.5 0.0 29.4 24.5 4.9 35.1 0.0 22.3 22.0 0.1 0.2 12.8 51.7 46.5 5.0 0.2

52.6 52.6 0.0 32.8 27.0 5.9 19.8 0.0 21.9 21.6 0.2 0.2 -2.1 54.8 48.5 6.0 0.2

69.4 69.4 0.0 38.3 33.2 5.2 31.0 0.0 23.2 22.9 0.0 0.2 7.8 61.5 56.1 5.2 0.2

38.5 29.5 8.9 50.9 46.6 4.3 -12.4 0.0 17.8 17.5 0.1 0.1 -30.2 68.6 64.1 4.4 0.1

57.3 48.3 9.1 53.2 49.4 3.8 4.2 0.0 14.9 14.7 0.1 0.1 -10.7 68.0 64.1 3.9 0.1

31.2 26.3 4.9 52.5 50.0 2.5 -21.4 0.0 14.3 14.2 0.1 0.0 -35.7 66.9 64.2 2.7 0.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

7.4 0.1 0.0 0.0 7.3 2.6 7.2 0.1

66.5 10.0 4.5 0.0 52.0 32.0 59.7 6.8

120.1 43.1 17.1 0.0 59.9 44.5 103.0 17.1

351.9 45.1 268.1 0.0 38.7 29.0 62.1 289.8

337.9 40.0 264.8 0.0 33.1 17.9 48.2 289.7

211.6 25.7 163.3 0.0 22.7 12.4 39.7 171.9

181.6 36.2 117.8 0.0 27.6 11.3 68.6 112.9

130.5 -17.0 117.0 0.0 30.5 13.6 18.1 112.3

122.4 -1.1 80.8 0.0 42.7 12.1 49.6 72.8

69.0 -23.8 41.9 0.0 50.8 14.9 33.2 35.8

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

7.1 0.2 0.0 7.1 0.1

59.0 1.5 6.0 59.1 -0.1

99.4 8.0 12.7 96.9 2.4

291.3 20.0 40.6 48.5 242.8

264.6 22.0 51.3 35.5 229.2

161.6 21.6 28.5 28.0 133.6

143.6 22.9 15.0 52.7 91.0

96.9 17.5 16.0 6.8 90.1

96.1 14.7 11.6 40.7 55.4

44.8 14.2 10.0 25.9 19.0

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

89.0 .. 0.0 .. .. ..

694.8 363.5 263.0 482.4 50.3 56.3

1,155.2 541.9 276.0 909.8 499.6 -220.8

1,078.7 542.7 252.0 832.8 417.9 -151.4

942.9 555.7 209.0 784.2 386.5 -95.1

898.8 581.4 184.0 819.5 406.4 -118.8

1,380.2 758.2 184.0 1,035.7 460.3 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 9.1 .. .. 0.2 .. .. 0.0 87.0 50.5

19.8 10.4 1.5 0.6 0.3 69.9 1.3 11.1 61.6 56.0

125.9 59.0 10.1 4.0 1.9 73.2 6.6 0.6 66.5 71.8

123.8 62.3 11.3 4.3 2.1 62.2 6.0 0.6 66.7 70.8

107.6 63.4 12.4 3.2 1.9 64.7 5.9 0.7 72.0 77.8

113.1 73.2 11.7 2.6 1.7 61.8 6.0 0.6 74.5 75.2

93.2 51.2 8.8 1.9 1.0 65.2 5.3 0.6 75.9 74.8

3. MAJOR ECONOMIC AGGREGATES 1,021.4 555.0 428.0 775.9 72.4 65.0

1,358.2 731.2 379.0 1,202.0 571.7 -269.2

1,140.6 605.8 295.0 1,041.8 575.1 -280.2

4. DEBT INDICATORS 71.3 38.7 4.2 1.5 0.8 18.3 1.1 0.7 73.7 73.6

92.1 49.6 6.5 2.8 1.5 84.9 5.7 0.6 64.6 69.7

113.6 60.3 8.5 3.7 2.0 83.6 6.6 0.6 65.1 72.7

313 LESOTHO (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8.1 8.1 7.6 4.1 4.1 3.5 3.0 0.5 0.0 0.0 0.5 0.0 0.0 0.0

57.7 57.7 46.4 40.3 40.3 6.1 4.1 11.4 0.0 2.0 9.4 0.0 0.0 0.0

377.7 377.7 344.0 291.0 251.6 53.1 40.1 33.7 0.0 6.0 27.7 0.0 0.0 0.0

0.0 4.1

0.0 24.1

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.4 0.4 0.2 0.0 0.0 0.2 0.2 0.2 0.0 0.0 0.2 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

641.9 641.9 565.5 469.6 374.3 95.9 60.4 76.5 0.0 67.0 9.4 0.0 0.0 0.0

660.5 660.5 568.1 500.6 401.7 67.5 46.3 92.5 0.0 88.1 4.4 0.0 0.0 0.0

661.0 661.0 569.8 490.0 401.5 79.8 52.2 91.1 0.0 89.8 1.4 0.0 0.0 0.0

656.7 656.7 580.9 475.7 389.6 105.3 58.6 75.8 0.0 74.5 1.2 0.0 0.0 0.0

578.5 578.5 520.8 465.0 385.5 55.8 44.6 57.7 0.0 56.8 0.8 0.0 0.0 0.0

631.8 631.8 568.9 494.5 431.5 74.4 58.7 62.9 0.0 61.9 0.9 0.0 0.0 0.0

675.9 675.9 605.7 528.4 476.7 77.3 59.8 70.3 0.0 69.2 1.0 0.0 0.0 0.0

0.0 111.7

58.3 162.9

60.8 180.1

56.0 185.0

58.6 183.2

54.9 187.1

36.7 217.8

18.6 247.3

13.3 13.3 8.0 6.5 6.5 1.5 0.9 5.3 0.0 2.0 3.3 0.0 0.0 0.0

57.9 57.9 51.4 32.0 28.3 19.4 15.2 6.5 0.0 3.0 3.5 0.0 0.0 0.0

68.2 68.2 43.8 37.3 23.4 6.5 5.9 24.4 0.0 23.8 0.6 0.0 0.0 0.0

64.5 64.5 35.4 29.1 23.1 6.3 4.6 29.1 0.0 29.1 0.0 0.0 0.0 0.0

52.6 52.6 37.3 16.2 16.0 21.0 12.3 15.4 0.0 15.4 0.0 0.0 0.0 0.0

69.4 69.4 67.4 21.2 10.9 46.2 17.0 2.0 0.0 2.0 0.0 0.0 0.0 0.0

29.5 29.5 27.2 23.1 19.7 4.1 3.9 2.3 0.0 2.3 0.0 0.0 0.0 0.0

48.3 48.3 48.3 34.0 30.5 14.3 12.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

26.3 26.3 23.9 23.9 21.3 0.0 0.0 2.4 0.0 2.4 0.0 0.0 0.0 0.0

0.0 0.0

0.0 3.8

0.0 9.2

8.2 11.6

3.4 14.3

0.1 10.2

9.9 7.8

3.2 12.7

3.5 22.2

2.6 15.6

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.3 0.3 0.3 0.0 0.0 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.4 3.4 0.4 0.2 0.2 0.2 0.2 3.0 0.0 0.0 3.0 0.0 0.0 0.0

14.8 14.8 8.3 5.4 3.0 2.9 0.9 6.5 0.0 0.6 5.9 0.0 0.0 0.0

23.1 23.1 20.4 13.2 7.5 7.2 4.9 2.7 0.0 2.3 0.4 0.0 0.0 0.0

24.5 24.5 20.3 15.4 7.5 4.9 2.7 4.2 0.0 4.1 0.1 0.0 0.0 0.0

27.0 27.0 20.2 16.1 8.1 4.0 2.5 6.8 0.0 6.7 0.1 0.0 0.0 0.0

33.2 33.2 26.4 14.1 7.2 12.2 5.2 6.8 0.0 6.8 0.0 0.0 0.0 0.0

46.6 46.6 39.5 16.3 8.8 23.3 22.2 7.0 0.0 7.0 0.1 0.0 0.0 0.0

49.4 49.4 41.4 35.6 9.0 5.8 4.7 8.0 0.0 7.9 0.1 0.0 0.0 0.0

50.0 50.0 41.6 33.3 10.3 8.2 6.7 8.4 0.0 8.4 0.1 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.6

2.2 1.6

4.5 1.9

4.2 2.1

3.9 2.5

4.0 3.2

24.7 3.7

21.2 4.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 -0.1 0.0 0.0 -0.1 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0

10.0 10.0 7.6 6.4 6.4 1.3 0.7 2.3 0.0 2.0 0.3 0.0 0.0 0.0

43.1 43.1 43.1 26.6 25.3 16.5 14.3 0.0 0.0 2.4 -2.5 0.0 0.0 0.0

45.1 45.1 23.4 24.1 15.9 -0.7 1.0 21.7 0.0 21.5 0.2 0.0 0.0 0.0

40.0 40.0 15.1 13.7 15.6 1.4 1.9 24.9 0.0 25.0 -0.1 0.0 0.0 0.0

25.7 25.7 17.1 0.1 7.9 17.0 9.8 8.6 0.0 8.7 -0.1 0.0 0.0 0.0

36.2 36.2 41.1 7.1 3.7 33.9 11.9 -4.9 0.0 -4.8 0.0 0.0 0.0 0.0

-17.0 -17.0 -12.3 6.9 10.9 -19.2 -18.3 -4.7 0.0 -4.6 -0.1 0.0 0.0 0.0

-1.1 -1.1 6.9 -1.6 21.5 8.5 7.7 -8.0 0.0 -7.9 -0.1 0.0 0.0 0.0

-23.8 -23.8 -17.7 -9.4 11.0 -8.2 -6.7 -6.1 0.0 -6.0 -0.1 0.0 0.0 0.0

0.0 0.0

0.0 3.8

0.0 8.6

6.0 10.0

-1.1 12.5

-4.1 8.1

6.0 5.3

-0.8 9.5

-21.3 18.5

-18.6 11.6

5. LONG-TERM DEBT

314 LESOTHO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0.2 0.2 0.2 0.0 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 0.6 0.4 0.3 0.2 0.0 0.9 0.0 0.3 0.6 0.0 0.0 0.0

8.0 8.0 6.1 4.7 2.1 1.4 0.6 1.9 0.0 0.3 1.6 0.0 0.0 0.0

20.0 20.0 13.6 9.2 3.5 4.4 1.6 6.4 0.0 6.3 0.1 0.0 0.0 0.0

22.0 22.0 12.8 9.0 3.7 3.7 1.3 9.2 0.0 9.2 0.1 0.0 0.0 0.0

21.6 21.6 11.7 8.9 3.7 2.8 0.9 9.8 0.0 9.8 0.1 0.0 0.0 0.0

22.9 22.9 16.0 7.7 3.3 8.3 5.1 7.0 0.0 7.0 0.0 0.0 0.0 0.0

17.5 17.5 11.3 6.9 3.0 4.4 3.3 6.2 0.0 6.2 0.0 0.0 0.0 0.0

14.7 14.7 8.9 7.2 3.6 1.7 0.7 5.8 0.0 5.8 0.0 0.0 0.0 0.0

14.2 14.2 7.3 5.6 4.0 1.7 0.7 6.9 0.0 6.8 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.2

0.0 0.8

3.7 1.2

3.7 1.2

3.7 1.3

3.2 1.4

3.0 1.4

2.6 1.5

0.7 1.7

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-0.1 -0.1 -0.2 0.0 0.0 -0.2 -0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

8.5 8.5 7.1 6.0 6.1 1.1 0.7 1.4 0.0 1.8 -0.3 0.0 0.0 0.0

35.1 35.1 37.0 21.9 23.1 15.2 13.7 -2.0 0.0 2.2 -4.1 0.0 0.0 0.0

25.1 25.1 9.8 14.9 12.4 -5.1 -0.6 15.3 0.0 15.2 0.1 0.0 0.0 0.0

18.0 18.0 2.4 4.7 11.9 -2.3 0.6 15.7 0.0 15.8 -0.2 0.0 0.0 0.0

4.1 4.1 5.4 -8.8 4.2 14.2 8.9 -1.2 0.0 -1.1 -0.1 0.0 0.0 0.0

13.3 13.3 25.1 -0.6 0.4 25.7 6.8 -11.8 0.0 -11.8 0.0 0.0 0.0 0.0

-34.5 -34.5 -23.7 0.0 7.9 -23.6 -21.6 -10.9 0.0 -10.8 -0.1 0.0 0.0 0.0

-15.8 -15.8 -2.0 -8.8 17.9 6.8 7.0 -13.8 0.0 -13.7 -0.1 0.0 0.0 0.0

-37.9 -37.9 -25.0 -15.0 7.0 -10.0 -7.5 -12.9 0.0 -12.8 -0.1 0.0 0.0 0.0

0.0 0.0

0.0 3.6

0.0 7.9

2.3 8.8

-4.7 11.2

-7.8 6.7

2.8 3.9

-3.8 8.1

-23.9 17.0

-19.3 10.0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.5 0.5 0.4 0.0 0.0 0.4 0.3 0.1 0.0 0.0 0.1 0.0 0.0 0.0

4.8 4.8 1.0 0.5 0.4 0.4 0.3 3.9 0.0 0.3 3.6 0.0 0.0 0.0

22.8 22.8 14.4 10.2 5.2 4.2 1.5 8.5 0.0 0.9 7.6 0.0 0.0 0.0

43.1 43.1 34.0 22.4 11.0 11.6 6.5 9.1 0.0 8.6 0.5 0.0 0.0 0.0

46.5 46.5 33.0 24.4 11.2 8.6 4.0 13.5 0.0 13.3 0.2 0.0 0.0 0.0

48.5 48.5 31.9 25.1 11.8 6.8 3.4 16.6 0.0 16.5 0.1 0.0 0.0 0.0

56.1 56.1 42.3 21.8 10.5 20.5 10.3 13.8 0.0 13.8 0.0 0.0 0.0 0.0

64.1 64.1 50.9 23.2 11.8 27.7 25.5 13.2 0.0 13.1 0.1 0.0 0.0 0.0

64.1 64.1 50.3 42.8 12.6 7.5 5.4 13.8 0.0 13.7 0.1 0.0 0.0 0.0

64.2 64.2 48.9 38.9 14.3 10.0 7.5 15.3 0.0 15.2 0.1 0.0 0.0 0.0

0.0 0.0

0.0 0.2

0.0 1.4

5.8 2.8

8.1 3.1

7.9 3.5

7.1 3.9

7.0 4.6

27.4 5.2

21.9 5.6

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.8 0.1 0.7

118.0 110.0 8.0

315.0 312.3 2.7

212.3 165.2 47.1

176.4 161.3 15.1

303.1 297.1 6.0

225.3 220.9 4.4

147.2 145.0 2.2

116.3 113.7 2.6

115.6 115.2 0.4

7.1 0.0 8.1 0.0

44.3 2.0 55.7 2.0

291.7 0.0 376.5 1.2

434.7 58.3 641.4 0.6

448.0 60.8 660.1 0.5

453.7 64.7 660.5 0.4

448.3 91.6 656.4 0.3

430.1 58.9 578.3 0.2

490.2 39.9 631.7 0.1

536.6 23.1 675.9 0.0

.. 0.0 3.2 0.0 1.8 1.9 26.9 13.5 5.7 47.1

10.7 .. .. 0.0 1.8 0.7 31.2 12.8 6.1 36.8

10.9 .. .. 0.0 1.5 0.5 33.5 9.1 5.9 38.6

11.5 .. .. 0.0 1.3 0.7 35.2 6.4 5.9 39.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 43.0 0.0 50.5 0.0 0.0 6.5

.. 0.0 0.0 0.0 16.4 0.0 46.4 7.0 0.0 30.1

.. 0.4 7.5 0.0 1.7 0.0 24.8 5.6 9.9 50.1

.. 0.0 6.5 0.0 1.4 0.0 24.4 16.7 6.2 44.8

.. 0.0 4.2 0.0 1.9 0.0 25.1 16.0 6.3 46.5

.. 0.0 3.5 0.0 2.1 0.4 25.7 15.2 6.0 47.1

315 LESOTHO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 3.7 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 8. DEBT STOCK-FLOW RECONCILIATION .. 67.4 -27.8 14.8 -6.2 19.8 19.6 47.0 40.9 35.1 .. 0.8 0.0 0.1 -0.1 .. 0.0 0.0 0.0 0.0 .. -3.7 0.0 0.0 0.0 .. 7.2 -36.0 0.0 -16.9 .. 16.2 -32.6 -20.4 -9.0 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

-10.2 31.0 0.0 0.0 0.0 -27.0 -14.2

-74.1 -12.4 0.0 0.0 0.0 -25.5 -36.2

60.1 4.2 0.0 0.0 0.0 42.7 13.2

48.7 -21.4 0.0 0.0 0.0 34.2 35.9

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 0.1 .. .. .. .. ..

5.0 18.1 1.9 31.9

5.9 24.3 5.7 37.3

1.3 24.3 6.0 63.2

5.1 13.1 2.7 25.5

4.6 23.5 6.6 39.9

2.7 17.1 3.5 40.0

0.4 17.6 5.2 50.3

0.8 42.9 13.4 82.8

1.5 40.9 8.6 71.3

0.8 39.7 10.2 80.5

0.0 25.0 5.5 72.7

3.0 29.8 6.7 52.7

1.0 25.1 6.2 65.9

4.0 16.1 3.3 34.7

4.6 23.5 6.6 39.9

2.7 17.4 3.5 40.6

0.3 18.0 5.4 51.6

0.8 42.9 13.4 82.8

1.5 40.9 8.6 71.3

0.8 39.7 10.2 80.5

7.5 14.6 0.1 10.9

15.8 5.5 2.2 -15.0

8.4 5.9 1.8 4.3

6.7 8.6 1.8 12.0

0.0 0.0 0.0 0.0

4.1 7.1 2.6 20.9

4.6 2.0 0.5 5.9

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 58 46 21 67 198 34 0 45 44 12 67 192 33 0 13 2 8 0 6 1 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

43 43 0

18 18 0

21 21 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

27.0 44.9 14.6

24.8 41.4 13.7

18.8 40.8 12.7

13.5 32.0 11.7

11.9 29.2 10.9

7.7 26.0 10.3

5.3 24.2 9.9

3.0 24.5 9.5

1.4 25.4 9.2

0.9 24.4 8.8

26.6 35.5 7.4

24.8 33.1 7.1

18.8 32.8 6.6

13.5 27.3 6.1

11.9 25.9 5.7

7.7 25.4 5.2

5.3 24.1 4.8

3.0 24.3 4.5

1.4 25.3 4.1

0.9 24.2 3.8

0.1 13.3 2.3

0.0 11.8 2.1

0.0 11.7 1.8

0.0 6.4 1.5

0.0 5.1 1.3

0.0 4.8 1.0

0.0 3.7 0.8

0.0 3.5 0.7

0.0 3.4 0.5

0.0 3.4 0.4

26.6 22.3 5.1

24.7 21.3 5.0

18.8 21.1 4.8

13.5 20.9 4.6

11.9 20.8 4.4

7.7 20.6 4.2

5.3 20.3 4.0

3.0 20.7 3.8

1.4 21.9 3.6

0.9 20.9 3.4

0.4 9.3 7.2

0.0 8.3 6.6

0.0 8.1 6.0

0.0 4.7 5.5

0.0 3.3 5.3

0.0 0.6 5.1

0.0 0.2 5.1

0.0 0.2 5.1

0.0 0.2 5.1

0.0 0.2 5.0

0.4 8.3 7.1

0.0 8.3 6.6

0.0 8.1 6.0

0.0 4.7 5.5

0.0 3.3 5.3

0.0 0.6 5.1

0.0 0.2 5.1

0.0 0.2 5.1

0.0 0.2 5.1

0.0 0.2 5.0

0.0 1.0 0.1

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

316 LIBERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

162 158 158 0 4 0 0 0 0 0 0 0 0

686 515 515 0 89 81 2 1 1 3 2 1 0

1,849 1,116 1,116 0 322 411 355 251 104 722 530 192 203

2,012 1,061 1,061 0 305 646 612 466 146 940 749 192 320

2,103 1,092 1,092 0 317 693 656 506 150 991 792 199 261

2,077 1,062 1,062 0 309 707 668 515 153 999 795 204 314

2,032 1,040 1,040 0 292 699 665 516 149 1,053 856 197 270

2,164 1,012 1,012 0 281 871 841 697 144 1,175 986 189 255

2,324 1,065 1,065 0 304 956 926 778 148 1,137 941 196 182

2,567 1,127 1,127 0 332 1,108 1,076 922 153 1,236 1,032 204 158

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

9 7 2 17 11 5 -7 0 6 6 0 0 -13 23 17 5 0

109 76 34 18 15 3 95 4 35 23 2 11 60 54 38 5 11

0 0 0 2 1 1 -1 1 1 1 0 0 -2 3 2 1 0

0 0 0 0 0 0 -21 -21 0 0 0 0 -21 0 0 0 0

0 0 0 1 0 1 3 4 0 0 0 0 3 1 0 1 0

0 0 0 1 0 1 1 1 2 0 2 0 -1 3 0 3 0

0 0 0 1 0 1 -5 -5 0 0 0 0 -5 1 0 1 0

0 0 0 1 0 1 -5 -5 0 0 0 0 -6 1 0 1 0

0 0 0 0 0 0 0 0 1 0 1 0 -1 1 0 1 0

0 0 0 0 0 0 3 3 0 0 0 0 3 0 0 0 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

-3 -4 0 0 1 8 4 -7

83 60 0 0 23 24 84 0

59 -1 0 0 60 21 59 0

283 0 214 0 69 15 69 214

250 0 190 0 60 18 60 190

109 0 27 0 82 20 82 27

68 0 21 0 47 24 47 21

40 0 8 0 32 15 32 8

58 0 3 0 55 13 55 3

99 0 0 0 99 15 99 0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

-9 6 0 1 -9

61 23 0 77 -16

58 1 0 58 0

283 0 0 69 214

250 0 0 60 190

109 0 0 82 27

68 0 0 47 21

40 0 0 32 8

58 0 0 55 3

99 0 0 99 0

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

343 217 0 231 .. ..

930 582 0 575 5 ..

321 39 0 .. 1 ..

334 80 0 292 0 -124

423 147 0 300 0 -84

424 153 0 305 0 -109

475 207 0 269 3 -6

378 147 0 209 8 -34

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

74.8 47.4 10.4 2.8 1.8 .. .. 0.0 67.7 4.8

117.9 73.8 9.2 6.1 3.8 0.8 0.1 11.8 30.8 19.1

5,420.0 655.2 2.6 1.1 0.1 0.0 .. 33.0 28.5 19.9

2,586.9 621.2 3.2 2.5 0.6 0.0 0.0 34.0 28.0 19.2

1,382.2 479.9 0.4 0.0 0.0 0.0 0.0 34.4 27.9 19.5

1,416.1 510.7 0.5 0.2 0.1 0.0 0.0 40.2 25.7 17.7

1,125.1 489.6 0.5 0.3 0.1 0.1 0.1 41.1 25.0 17.5

1,751.4 679.2 0.1 0.1 0.1 0.3 0.5 43.2 23.9 16.9

3. MAJOR ECONOMIC AGGREGATES .. .. 0 .. .. ..

263 26 0 .. 0 ..

4. DEBT INDICATORS .. .. .. .. .. .. .. 22.2 32.1 23.4

7,737.2 765.8 0.7 0.5 0.1 0.0 .. 32.1 29.1 20.1

317 LIBERIA (US$ million, unless otherwise indicated) 1970

1980

1990

158 158 124 8 0 116 110 34 0 0 34 0 0 0

515 515 359 131 33 229 179 156 0 129 27 0 0 0

1,116 1,116 924 433 184 491 410 192 0 172 20 0 0 0

7 0

69 23

7 7 7 2 0 5 4 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,061 1,061 869 405 197 465 388 192 0 173 19 0 0 0

1,092 1,092 894 418 200 475 398 199 0 180 19 0 0 0

1,062 1,062 858 398 198 460 384 204 0 187 18 0 0 0

1,040 1,040 843 395 194 448 374 197 0 180 17 0 0 0

1,012 1,012 823 383 191 440 366 189 0 172 17 0 0 0

1,065 1,065 869 407 197 462 385 196 0 177 18 0 0 0

1,127 1,127 923 434 204 488 410 204 0 184 20 0 0 0

143 105

136 102

143 105

125 103

130 100

123 98

137 102

152 108

76 76 65 33 8 32 30 11 0 6 5 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 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

2 0

17 5

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 11 5 0 0 5 4 7 0 0 7 0 0 0

15 15 4 2 0 1 1 12 0 3 9 0 0 0

1 1 1 1 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 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

2 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-4 -4 3 2 0 0 -1 -7 0 0 -7 0 0 0

60 60 61 31 8 30 29 0 0 3 -3 0 0 0

-1 -1 -1 -1 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 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

2 0

16 5

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

318 LIBERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

6 6 3 0 0 3 2 3 0 0 3 0 0 0

23 23 7 5 0 2 2 16 0 14 2 0 0 0

1 1 1 1 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 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

4 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-10 -10 -1 2 0 -2 -3 -9 0 0 -9 0 0 0

38 38 54 25 8 28 28 -16 0 -11 -5 0 0 0

-2 -2 -2 -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 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

1 0

12 5

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

17 17 8 0 0 8 7 9 0 0 9 0 0 0

38 38 11 8 0 3 3 27 0 17 11 0 0 0

2 2 2 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 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

6 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

20 18 2

228 220 8

84 84 0

15 15 0

16 16 0

3 3 0

0 0 0

0 0 0

0 0 0

0 0 0

110 0 158 0

211 100 514 1

594 123 1,116 0

585 123 1,061 0

598 123 1,092 0

582 123 1,062 0

567 123 1,040 0

556 123 1,012 0

582 123 1,065 0

614 123 1,127 0

.. 8.5 0.8 7.7 1.3 0.0 54.4 19.9 1.4 6.1

9.9 .. .. 6.9 1.3 0.0 55.7 19.6 1.4 5.3

11.2 .. .. 7.2 1.3 0.0 53.3 20.3 1.5 5.3

12.7 .. .. 7.6 1.2 0.0 50.9 20.8 1.5 5.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 12.7 0.0 0.0 0.3 0.0 82.1 4.9 0.0 0.0

.. 9.2 0.0 7.6 1.5 0.0 62.6 17.4 0.0 1.7

.. 11.1 1.1 6.1 1.2 0.0 51.2 22.7 1.5 5.2

.. 9.7 1.0 6.6 1.3 0.0 53.5 20.1 1.5 6.4

.. 10.1 1.0 7.3 1.2 0.0 52.2 20.4 1.5 6.3

.. 8.9 0.9 8.4 1.3 0.0 53.5 19.3 1.5 6.2

319 LIBERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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

-26 1 12 0 0 -35 -3

-46 -5 -3 0 0 -32 -6

132 -5 176 0 0 -38 -1

161 0 85 0 0 73 3

243 3 149 0 0 76 14

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -7 .. .. .. .. ..

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 91 .. 164 -95 -1 -21 3 95 44 .. 87 -5 .. 0 0 0 .. 0 0 0 .. 63 -66 34 -2 10 .. 15 9. AVERAGE TERMS OF NEW COMMITMENTS

6.6 18.7 4.4 20.7

7.3 18.8 4.5 25.1

4.0 24.8 5.3 42.8

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

6.4 20.8 5.0 23.5

5.3 23.1 5.5 35.5

4.0 24.8 5.3 42.8

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

7.9 8.1 1.5 6.6

12.6 7.3 1.6 -3.1

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

12 40 30 0 0 0 0 10 29 30 0 0 0 0 2 11 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0 21 5

0 19 4

0 19 4

0 16 3

0 15 3

0 13 3

0 12 2

0 12 2

0 12 2

0 11 2

0 21 5

0 19 4

0 19 4

0 16 3

0 15 3

0 13 3

0 12 2

0 12 2

0 12 2

0 11 2

0 13 2

0 12 2

0 11 2

0 9 1

0 8 1

0 6 1

0 5 1

0 5 1

0 5 1

0 3 1

0 8 2

0 7 2

0 7 2

0 7 2

0 7 2

0 7 2

0 7 1

0 7 1

0 7 1

0 7 1

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 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

320 LITHUANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

3,262 1,962 1,053 909 270 1,030 0 0 0 0 0 0 189

3,741 2,446 1,221 1,226 253 1,042 0 0 0 0 0 0 99

4,528 3,228 2,123 1,106 230 1,070 0 0 0 0 0 0 76

4,856 3,550 2,188 1,362 192 1,114 0 0 0 0 0 0 62

5,585 3,876 2,363 1,513 151 1,558 0 0 0 0 0 0 64

6,671 4,427 2,481 1,946 121 2,123 0 0 0 0 0 0 49

8,342 4,793 2,107 2,687 45 3,504 0 0 0 0 0 0 72

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

813 757 57 250 207 43 1,437 873 125 77 12 35 1,312 375 284 55 35

904 904 0 695 667 28 220 12 194 121 12 61 26 890 788 40 61

1,701 1,701 0 640 623 17 1,089 28 221 150 10 61 868 861 774 26 61

1,120 1,120 0 883 856 27 281 44 277 212 11 55 4 1,160 1,068 38 55

2,313 2,313 0 1,925 1,891 34 832 444 270 202 8 60 561 2,196 2,093 42 60

4,037 4,037 0 4,048 4,008 40 554 565 331 237 4 90 223 4,379 4,245 44 90

5,942 5,942 0 6,299 6,217 83 515 872 339 237 1 100 176 6,638 6,454 84 100

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

999 549 355 31 64 32 133 865

1,263 236 926 11 90 26 206 1,058

1,657 1,077 487 9 84 30 163 1,494

832 264 379 122 67 23 110 722

945 422 446 -16 94 21 103 842

862 29 712 6 114 22 91 770

261 -275 179 4 353 26 402 -141

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

845 77 77 112 733

994 121 149 180 813

1,341 150 166 131 1,210

497 212 124 75 422

598 202 145 75 523

501 237 124 56 445

-377 237 401 369 -746

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

10,582 4,355 3 5,710 1,249 -1,194

11,188 5,297 50 6,212 1,363 -675

11,915 6,255 79 7,083 1,669 -574

13,882 7,719 109 8,633 2,413 -721

17,727 9,804 115 11,343 3,450 -1,278

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

104.0 42.8 19.8 5.1 2.1 27.6 2.6 23.6 2.7 8.5

91.7 43.4 21.9 5.2 2.5 28.1 2.6 22.9 2.3 8.7

89.3 46.9 35.1 4.3 2.3 29.9 2.8 27.9 1.9 8.1

86.4 48.1 56.7 4.3 2.4 36.2 3.4 31.8 1.6 6.6

85.1 47.1 67.7 3.5 1.9 41.4 3.6 42.0 1.3 5.8

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

9,646 5,306 3 6,516 1,064 -981

10,839 5,197 3 6,728 1,463 -1,298

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

61.5 33.8 7.1 2.4 1.3 32.6 2.0 31.6 3.6 7.6

72.0 34.5 17.1 3.7 1.8 39.1 2.6 27.9 3.4 9.2

321 LITHUANIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

1,962 1,053 450 248 0 202 118 603 200 169 234 909 0 909

2,446 1,221 584 344 0 240 126 637 200 204 233 1,226 0 1,226

3,228 2,123 633 384 0 249 122 1,489 903 304 282 1,106 0 1,106

3,550 2,188 651 425 0 227 113 1,537 1,130 186 221 1,362 37 1,325

3,876 2,363 660 454 4 207 104 1,703 1,258 255 190 1,513 37 1,476

4,427 2,481 681 443 7 239 99 1,799 1,258 378 163 1,946 39 1,907

4,793 2,107 780 485 11 295 94 1,327 714 477 136 2,687 0 2,687

.. ..

114 0

174 0

200 0

253 0

273 0

280 0

280 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

757 557 87 48 0 39 8 469 200 150 119 200 0 200

904 208 140 96 0 45 7 68 0 46 22 695 0 695

1,701 1,076 112 85 0 27 1 964 745 119 100 625 0 625

1,120 457 124 117 0 7 2 333 300 31 2 663 37 626

2,313 399 68 67 4 1 1 331 179 151 1 1,914 0 1,914

4,037 230 113 36 3 77 0 117 0 117 0 3,807 0 3,807

5,942 193 135 58 2 77 0 58 0 58 0 5,749 0 5,749

.. ..

.. ..

.. ..

21 0

60 0

30 0

66 0

40 0

16 0

16 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

207 201 18 8 0 10 2 182 110 40 32 7 0 7

667 65 25 10 0 15 3 41 0 12 29 602 0 602

623 89 33 10 0 22 10 56 0 15 41 535 0 535

856 310 81 62 0 19 7 229 25 146 57 546 0 546

1,891 178 59 26 0 33 7 120 0 78 42 1,713 0 1,713

4,008 402 136 84 0 52 7 266 200 36 30 3,606 0 3,606

6,217 851 86 59 0 27 7 765 695 30 40 5,366 45 5,320

.. ..

.. ..

.. ..

3 0

3 0

4 0

9 0

13 0

26 0

36 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

549 356 69 40 0 29 6 287 90 110 87 193 0 193

236 143 116 86 0 30 4 27 0 34 -7 93 0 93

1,077 987 79 74 0 5 -9 908 745 104 59 90 0 90

264 147 43 55 0 -12 -5 104 275 -115 -56 117 37 80

422 221 9 41 4 -32 -6 211 179 73 -41 201 0 201

29 -172 -23 -48 3 25 -7 -149 -200 80 -30 202 0 202

-275 -658 49 -1 2 50 -7 -707 -695 28 -40 383 -45 429

.. ..

.. ..

.. ..

18 0

57 0

26 0

57 0

27 0

-9 0

-20 0

5. LONG-TERM DEBT

322 LITHUANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

77 44 22 14 0 7 2 22 8 4 10 33 0 33

121 49 25 17 0 8 2 24 7 5 11 72 0 72

150 76 32 21 0 10 4 44 14 17 13 75 0 75

212 136 35 26 0 9 4 100 63 20 18 76 0 76

202 149 29 22 0 6 3 121 85 22 14 53 3 50

237 171 35 24 0 11 4 136 100 23 12 66 3 63

237 173 33 22 0 11 4 139 99 30 10 64 3 62

.. ..

.. ..

.. ..

7 0

8 0

11 0

15 0

15 0

14 0

13 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

472 312 47 26 0 22 4 265 82 106 77 160 0 160

115 94 90 69 0 22 2 4 -7 29 -18 21 0 21

927 912 47 53 0 -6 -12 865 731 88 46 15 0 15

52 11 7 29 0 -21 -8 4 212 -135 -74 41 37 4

220 72 -19 19 4 -38 -9 91 94 52 -55 148 -3 151

-207 -343 -58 -71 3 14 -11 -285 -300 57 -42 136 -3 138

-512 -831 16 -23 1 39 -11 -847 -795 -2 -50 319 -48 367

.. ..

.. ..

.. ..

11 0

49 0

15 0

42 0

12 0

-24 0

-33 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

284 244 40 23 0 17 4 205 118 45 42 40 0 40

788 114 50 27 0 23 6 64 7 17 40 674 0 674

774 164 64 32 0 33 13 100 14 32 54 610 0 610

1,068 445 116 88 0 28 10 329 88 166 75 622 0 622

2,093 328 87 48 0 39 10 241 85 99 56 1,766 3 1,763

4,245 573 171 108 0 63 11 402 300 60 42 3,672 3 3,669

6,454 1,024 119 81 0 38 11 905 795 60 50 5,430 48 5,382

.. ..

.. ..

.. ..

10 0

12 0

15 0

24 0

28 0

40 0

49 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

380 296 84

352 247 106

235 209 26

575 249 326

316 162 154

228 174 54

127 127 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

118 1,412 990 972

126 1,868 1,130 1,316

122 1,976 2,036 1,193

113 2,099 2,111 1,439

107 2,192 2,295 1,581

106 2,568 2,426 2,001

105 3,215 2,063 2,730

.. 1.6 0.6 2.9 0.1 0.0 33.4 9.1 0.0 52.4

59.1 .. .. 1.9 0.0 0.0 28.7 8.3 0.0 2.1

69.6 .. .. 1.7 0.0 0.0 19.6 7.3 0.0 1.7

63.2 .. .. 1.9 0.0 0.0 25.7 7.2 0.0 2.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 6.0 0.0 5.9 0.0 0.6 61.6 10.6 0.0 15.4

.. 4.6 0.0 5.9 0.2 0.2 58.7 14.1 0.0 16.3

.. 2.9 0.2 3.6 0.1 0.1 40.7 9.3 0.0 43.1

323 LITHUANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 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 8. DEBT STOCK-FLOW RECONCILIATION .. .. 2,004 479 787 .. .. 1,437 220 1,089 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 36 -30 .. .. -53 .. .. 621 222 -271 9. AVERAGE TERMS OF NEW COMMITMENTS

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

327 281 0 0 0 -95 142

730 832 0 0 0 -84 -19

1,086 554 0 0 0 297 235

1,671 515 0 0 0 398 250

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.3 6.0 3.7 13.2

5.2 8.8 3.0 18.1

7.4 5.1 3.9 8.8

7.6 6.8 5.5 10.1

6.5 7.7 6.9 17.4

3.0 14.6 3.2 37.3

0.0 0.0 0.0 0.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.5 17.1 4.2 18.6

4.7 13.7 4.1 26.4

4.6 14.8 6.0 33.4

7.1 13.0 7.8 16.9

5.0 17.5 5.4 30.9

3.0 14.6 3.2 37.3

0.0 0.0 0.0 0.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.2 5.6 3.6 13.0

5.7 4.2 2.0 10.6

7.8 4.0 3.7 6.0

7.8 5.0 4.8 8.0

6.6 7.0 7.0 16.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. 458 143 1,005 828 .. .. .. 18 68 100 193 .. .. .. 440 75 906 636 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

192 13 179

83 83 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

46 935 266

29 1,561 186

17 601 113

11 342 84

9 538 68

5 229 38

3 179 27

2 219 18

2 140 9

1 34 5

46 121 33

29 148 27

17 90 19

11 62 16

9 62 14

5 58 12

3 44 10

2 113 8

2 34 6

1 34 5

6 86 18

2 83 11

1 43 5

0 12 3

0 11 2

0 7 2

0 4 2

0 5 2

0 5 2

0 5 1

40 35 15

27 65 15

16 48 14

11 50 13

9 51 11

5 51 10

3 40 8

2 108 6

2 29 4

1 29 4

0 814 233

0 1,413 159

0 511 94

0 280 69

0 476 54

0 171 26

0 135 17

0 106 10

0 106 3

0 0 0

0 16 33

0 425 17

0 11 1

0 10 1

0 9 0

0 4 0

0 0 0

0 0 0

0 0 0

0 0 0

0 798 199

0 988 142

0 499 93

0 270 68

0 467 54

0 167 26

0 135 17

0 106 10

0 106 3

0 0 0

324 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

1,234 1,008 942 67 88 137 3 0 3 9 3 6 224

1,481 1,242 1,054 189 102 136 3 2 2 6 4 2 208

1,430 1,260 1,138 122 102 68 2 0 2 8 0 8 193

1,455 1,319 1,192 127 81 55 4 2 2 19 0 19 198

1,463 1,319 1,145 174 71 73 10 7 3 28 4 24 178

1,663 1,517 1,265 252 67 78 15 10 5 27 12 15 159

1,837 1,713 1,438 275 68 56 9 1 7 35 8 26 146

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

147 122 25 50 49 0 146 48 70 62 3 5 76 120 111 3 5

264 252 12 93 91 2 170 -1 65 55 3 7 105 158 146 5 7

233 214 19 105 88 17 61 -67 53 45 3 5 8 158 133 20 5

149 145 4 93 74 19 41 -15 45 37 3 5 -4 138 111 22 5

149 149 0 136 128 8 24 11 59 54 2 3 -36 196 183 10 3

247 247 0 186 177 9 62 1 52 49 1 2 10 238 226 10 2

237 220 17 191 169 22 29 -17 53 49 1 3 -24 244 218 22 3

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

128 73 16 5 34 9 114 13

317 161 128 0 29 20 118 199

339 126 33 0 180 26 289 50

420 71 175 0 174 31 241 179

620 20 442 0 158 59 130 489

321 70 78 0 173 70 207 113

283 51 95 1 137 101 192 90

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

65 62 0 54 12

262 55 1 81 181

292 45 2 263 29

376 37 7 221 155

552 54 13 93 459

248 49 24 176 71

200 49 34 158 41

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

3,526 1,528 63 2,084 335 -270

3,631 1,563 77 1,983 460 -32

3,541 1,760 81 2,366 460 -72

3,396 1,521 73 2,039 799 -244

3,762 1,509 106 2,273 790 -358

4,634 1,888 171 2,632 935 -279

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

96.9 42.0 10.4 4.2 1.8 22.6 1.9 9.2 17.4 31.2

91.4 39.4 10.1 3.4 1.5 32.1 2.8 4.7 21.5 37.1

82.7 41.1 7.9 2.6 1.3 31.6 2.3 3.8 23.3 38.6

96.2 43.1 12.9 3.9 1.8 54.6 4.7 5.0 22.9 37.9

110.2 44.2 15.8 3.4 1.4 47.5 4.2 4.7 24.8 39.6

97.3 39.6 12.9 2.8 1.1 50.9 4.3 3.0 27.4 43.4

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

3,680 1,425 78 1,934 280 -275

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

86.6 33.5 8.4 4.9 1.9 22.7 1.7 11.1 16.4 32.5

325 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

1,008 942 706 401 178 305 24 235 0 230 5 67 0 67

1,242 1,054 803 462 216 341 41 250 0 240 10 189 0 189

1,260 1,138 860 530 269 330 39 278 0 269 10 122 0 122

1,319 1,192 908 562 297 346 42 284 0 274 10 127 0 127

1,319 1,145 863 554 307 308 29 283 0 273 9 174 0 174

1,517 1,265 982 658 378 324 34 282 0 275 7 252 0 252

1,713 1,438 1,151 797 461 354 43 287 0 280 7 275 0 275

.. ..

85 146

108 181

110 223

116 249

117 254

138 293

175 356

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

122 113 112 106 59 7 0 0 0 0 0 10 0 10

252 144 139 88 30 51 20 6 0 0 5 108 0 108

214 173 148 125 62 23 3 25 0 25 0 41 0 41

145 91 90 79 44 11 7 1 0 0 1 54 0 54

149 63 63 53 16 10 3 0 0 0 0 86 0 86

247 140 138 76 38 62 3 3 0 3 0 107 0 107

220 145 131 87 47 43 6 15 0 15 0 74 0 74

.. ..

.. ..

.. ..

19 29

43 29

12 45

13 38

8 15

15 18

26 33

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

49 33 32 25 2 8 0 1 0 0 1 16 0 16

91 50 50 25 0 25 4 1 0 0 0 41 0 41

88 43 40 25 0 14 1 3 0 3 0 46 0 46

74 25 23 20 0 3 0 2 0 2 0 49 0 49

128 92 90 49 4 41 15 2 0 1 1 37 0 37

177 106 103 38 0 65 2 3 0 1 3 71 0 71

169 88 75 29 0 46 3 13 0 12 1 81 0 81

.. ..

.. ..

.. ..

6 0

4 0

3 0

3 0

4 0

6 0

8 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

73 80 80 81 57 -1 0 0 0 0 -1 -7 0 -7

161 94 89 63 30 26 16 5 0 0 5 67 0 67

126 130 109 100 62 9 2 22 0 22 0 -5 0 -5

71 66 67 59 44 8 7 0 0 -2 1 5 0 5

20 -29 -28 4 12 -32 -12 -2 0 -1 -1 49 0 49

70 34 34 37 38 -3 1 -1 0 2 -3 36 0 36

51 57 56 59 47 -3 3 2 0 3 -1 -7 0 -7

.. ..

.. ..

.. ..

13 29

39 29

9 45

10 38

5 15

10 18

18 33

5. LONG-TERM DEBT

326 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

62 61 61 36 1 25 1 0 0 0 0 1 0 1

55 48 37 17 3 21 1 11 0 10 0 7 0 7

45 35 26 18 2 8 0 10 0 9 0 10 0 10

37 30 20 19 4 1 0 10 0 10 0 7 0 7

54 48 37 21 4 16 1 11 0 10 1 7 0 7

49 42 31 19 4 12 1 11 0 11 0 7 0 7

49 41 34 19 5 15 1 6 0 6 0 8 0 8

.. ..

.. ..

.. ..

6 1

5 1

7 1

7 2

8 2

7 2

7 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

11 19 19 46 56 -26 -1 -1 0 0 -1 -8 0 -8

106 46 52 46 27 6 15 -6 0 -10 5 59 0 59

81 95 83 82 60 1 2 12 0 13 -1 -14 0 -14

34 36 47 40 40 7 6 -11 0 -12 1 -2 0 -2

-34 -77 -64 -17 8 -47 -13 -13 0 -11 -1 43 0 43

21 -8 3 19 34 -15 0 -11 0 -9 -3 29 0 29

2 17 21 39 42 -18 2 -5 0 -4 -1 -15 0 -15

.. ..

.. ..

.. ..

7 28

34 28

1 44

2 37

-3 13

2 16

11 31

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

111 94 93 60 3 33 1 1 0 0 1 17 0 17

146 98 87 42 3 45 5 11 0 10 1 48 0 48

133 78 65 43 2 22 1 13 0 12 1 55 0 55

111 55 43 39 4 4 1 12 0 12 0 56 0 56

183 140 127 70 8 57 16 13 0 11 1 43 0 43

226 148 134 57 4 77 3 14 0 11 3 78 0 78

218 129 109 48 5 61 4 19 0 18 1 89 0 89

.. ..

.. ..

.. ..

12 1

9 1

10 1

11 2

12 2

13 2

15 2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

131 125 5

290 280 11

305 299 5

272 267 5

254 248 6

226 221 5

344 343 1

.. .. .. ..

.. .. .. ..

.. .. .. ..

202 490 931 77

258 669 1,043 200

308 610 1,131 129

339 658 1,187 132

336 689 1,142 177

412 807 1,261 256

504 909 1,435 278

.. 8.5 2.0 0.4 0.2 2.5 72.7 2.1 0.3 11.4

20.3 .. .. 0.3 0.2 2.5 74.3 1.9 0.4 0.2

26.0 .. .. 0.3 0.1 2.2 69.0 1.7 0.4 0.2

31.1 .. .. 0.1 0.1 0.9 65.6 1.5 0.5 0.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 14.1 3.7 0.4 0.3 4.6 60.6 11.0 0.0 5.3

.. 15.7 3.4 0.4 0.2 3.8 67.9 3.6 0.1 4.9

.. 11.5 2.6 0.4 0.2 2.8 70.6 2.6 0.1 9.3

327 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0

44 0 29 28 1 15 14 1 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

1 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

-51 61 -1 0 0 -41 -70

26 41 2 15 0 -36 3

8 24 7 0 0 -26 3

199 62 4 0 0 72 61

174 29 -6 0 0 98 54

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. 229 0 .. .. 141 0 .. .. 39 0 .. .. 0 0 .. .. 39 0 .. .. 76 0 .. .. 0 0 .. .. 76 0 .. .. 0 0 .. .. 0 0 .. .. 129 0 .. .. 0 0 8. DEBT STOCK-FLOW RECONCILIATION 247 .. .. -585 .. .. 146 170 .. .. -180 0 .. .. 76 0 .. .. -129 0 .. .. -132 -55 132 .. .. -365 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

.. .. .. ..

.. .. .. ..

2.8 24.1 8.2 54.0

4.5 19.8 8.1 39.1

3.3 22.5 6.7 49.2

5.5 17.8 5.8 30.4

2.1 24.0 10.2 61.6

3.5 18.5 7.2 44.3

2.2 19.6 5.9 50.4

.. .. .. ..

.. .. .. ..

.. .. .. ..

2.8 24.1 8.2 54.0

4.3 20.3 8.4 40.4

3.4 22.9 6.7 49.4

5.5 17.9 5.9 30.7

2.0 24.4 10.4 62.6

3.4 18.5 7.2 44.6

2.1 20.7 6.3 53.3

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

8.1 7.7 2.9 6.6

3.2 19.6 6.8 47.5

9.2 3.4 0.5 1.0

5.8 2.1 0.2 4.7

6.7 15.3 4.8 18.6

3.9 4.8 0.1 12.3

.. .. .. 140 258 180 132 .. .. .. 140 247 160 131 .. .. .. 0 10 21 1 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

56 55 1

97 96 1

207 192 15

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

106 189 54

81 151 48

55 139 43

37 144 38

24 139 33

14 156 27

9 149 22

5 123 16

2 115 13

1 63 10

106 89 36

81 92 34

55 80 31

37 81 28

24 91 25

14 100 22

9 103 18

5 76 14

2 67 12

1 62 10

44 55 15

43 55 13

28 40 11

17 41 9

10 41 8

6 41 6

4 43 4

1 19 2

0 7 2

0 8 1

62 34 21

38 37 21

28 40 20

19 41 19

14 51 18

8 59 16

5 59 14

4 57 12

1 60 10

1 54 8

0 100 18

0 59 14

0 59 12

0 62 10

0 48 7

0 56 5

0 46 4

0 47 2

0 48 1

0 2 0

0 13 6

0 13 6

0 27 5

0 28 5

0 24 4

0 36 3

0 36 3

0 45 2

0 45 1

0 2 0

0 87 12

0 46 9

0 32 7

0 34 5

0 23 3

0 21 2

0 11 1

0 2 0

0 3 0

0 0 0

328 MADAGASCAR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

485 485 485 0 0 0 0 0 0 0 0 0 0

1,248 918 918 0 87 244 6 2 4 11 6 5 0

3,704 3,335 3,335 0 144 226 126 116 10 266 245 20 795

4,109 3,875 3,875 0 69 165 154 138 15 600 573 27 811

4,394 4,106 4,106 0 58 230 149 136 14 604 584 20 473

4,755 4,369 4,369 0 63 324 150 136 14 614 589 25 427

4,701 4,295 4,295 0 104 301 204 190 14 666 636 30 432

4,160 3,793 3,793 0 127 239 146 133 13 618 585 33 412

4,518 4,137 4,137 0 150 231 142 129 13 597 560 36 637

4,958 4,622 4,622 0 172 164 143 130 13 605 568 37 655

54 54 0 45 45 0 9 0 16 16 0 0 -7 61 61 0 0

444 375 70 44 42 2 475 75 56 26 1 29 419 100 68 3 29

231 213 17 121 69 51 194 83 102 85 10 7 91 223 155 61 7

336 318 19 118 100 18 210 -8 94 93 0 1 116 212 193 18 1

102 102 0 72 58 14 99 69 53 51 0 2 46 125 109 14 2

147 128 19 76 64 12 165 94 83 76 0 6 82 159 140 13 6

200 150 50 79 74 5 45 -76 38 28 0 9 7 117 102 5 9

169 140 29 35 34 1 130 -4 33 28 1 4 98 67 62 1 4

201 186 15 31 29 2 166 -4 34 29 1 4 132 64 59 2 4

232 216 16 38 34 4 124 -69 32 31 1 1 92 70 65 4 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

39 9 10 0 20 21 30 9

362 333 -1 0 30 51 223 139

514 144 22 0 348 84 507 7

797 217 14 0 566 111 784 13

416 44 17 0 355 95 400 16

304 65 58 0 181 93 246 58

274 76 83 0 115 86 191 83

339 106 93 0 140 81 248 91

285 157 8 0 120 88 277 8

484 181 13 0 290 99 471 13

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

23 16 0 14 9

334 26 1 215 119

428 85 1 435 -6

697 93 7 692 5

358 51 7 349 9

218 76 9 170 49

241 28 4 163 78

272 28 38 220 52

219 29 37 249 -30

422 31 32 443 -21

1,109 .. 0 .. 37 ..

4,024 519 0 1,121 9 -556

3,665 854 11 1,231 171 -289

3,675 931 12 1,262 227 -225

3,807 1,210 11 1,584 285 -260

4,470 1,303 11 1,572 398 -140

4,328 736 17 1,101 363 -270

5,394 1,150 16 1,749 414 -309

.. 43.8 .. .. 1.5 7.7 .. 0.0 93.1 8.6

240.6 31.0 19.3 10.9 1.4 0.7 0.1 19.5 37.4 14.6

514.6 119.9 14.7 6.3 1.5 3.9 1.7 5.2 66.3 40.5

510.9 129.4 17.1 8.9 2.3 4.8 2.2 6.8 61.4 37.9

388.4 123.5 9.6 3.1 1.0 6.1 2.2 6.4 61.2 38.9

319.3 93.1 5.2 2.5 0.7 9.6 3.0 5.7 66.4 44.5

614.0 104.4 8.7 4.6 0.8 8.0 4.0 5.1 67.8 47.1

431.1 91.9 6.1 2.8 0.6 8.4 2.8 3.3 70.6 50.3

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

2,958 490 8 985 92 -265

3,454 808 12 1,195 282 -202

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

756.0 125.2 45.5 20.8 3.5 2.5 1.1 6.1 46.5 33.2

508.5 119.0 26.2 11.6 2.7 6.9 2.8 4.0 65.2 40.4

329 MADAGASCAR (US$ million, unless otherwise indicated) 1970

1980

1990

485 485 484 42 10 443 442 1 0 0 1 0 0 0

918 918 572 182 148 390 319 346 0 134 212 0 0 0

3,335 3,335 3,195 1,231 1,075 1,964 648 140 0 38 102 0 0 0

2 10

30 122

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

54 54 54 6 5 48 48 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

3,875 3,875 3,830 1,661 1,560 2,169 1,121 45 0 24 21 0 0 0

4,106 4,106 4,065 1,781 1,692 2,284 1,221 41 0 24 17 0 0 0

4,369 4,369 4,329 1,801 1,732 2,527 1,185 40 0 23 17 0 0 0

4,295 4,295 4,256 1,828 1,765 2,429 1,109 39 0 23 17 0 0 0

3,793 3,793 3,721 1,851 1,793 1,870 970 73 0 56 16 0 0 0

4,137 4,137 4,044 2,129 2,068 1,915 997 93 0 77 17 0 0 0

4,622 4,622 4,513 2,496 2,429 2,018 1,073 109 0 92 17 0 0 0

26 770

3 1,212

1 1,317

0 1,361

0 1,378

0 1,409

0 1,652

0 1,975

375 375 212 42 38 170 115 163 0 62 101 0 0 0

213 213 212 136 120 77 77 1 0 0 1 0 0 0

318 318 317 210 208 107 6 0 0 0 0 0 0 0

102 102 102 98 98 5 5 0 0 0 0 0 0 0

128 128 128 120 118 8 7 0 0 0 0 0 0 0

150 150 150 143 134 7 5 0 0 0 0 0 0 0

140 140 140 138 131 2 1 0 0 0 0 0 0 0

186 186 186 185 181 1 1 0 0 0 0 0 0 0

216 216 216 215 212 0 0 0 0 0 0 0 0 0

1 5

2 25

0 64

0 130

0 77

0 84

0 94

0 97

0 163

0 195

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

45 45 45 3 0 41 41 1 0 0 1 0 0 0

42 42 19 1 0 18 17 23 0 12 12 0 0 0

69 69 53 19 9 34 9 16 0 11 6 0 0 0

100 100 99 65 25 34 30 2 0 0 1 0 0 0

58 58 57 36 20 21 20 1 0 0 0 0 0 0

64 64 63 36 23 27 17 1 0 0 0 0 0 0

74 74 73 37 25 36 34 0 0 0 0 0 0 0

34 34 32 20 15 12 10 2 0 2 0 0 0 0

29 29 29 17 12 12 12 0 0 0 0 0 0 0

34 34 34 21 15 13 13 0 0 0 0 0 0 0

0 0

0 0

3 3

4 10

1 12

1 15

0 17

0 10

0 6

0 9

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9 9 10 3 5 7 7 -1 0 0 -1 0 0 0

333 333 193 41 38 152 97 140 0 50 89 0 0 0

144 144 159 117 111 42 68 -15 0 -10 -5 0 0 0

217 217 219 145 183 73 -24 -1 0 0 -1 0 0 0

44 44 45 61 78 -16 -15 -1 0 0 0 0 0 0

65 65 65 84 95 -19 -11 -1 0 0 0 0 0 0

76 76 77 106 109 -30 -29 0 0 0 0 0 0 0

106 106 108 118 116 -10 -9 -2 0 -2 0 0 0 0

157 157 157 169 169 -12 -11 0 0 0 0 0 0 0

181 181 182 194 197 -13 -12 0 0 0 0 0 0 0

1 5

1 25

-3 61

-4 120

-1 65

-1 69

0 77

0 87

0 157

0 186

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

330 MADAGASCAR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

16 16 16 1 0 15 15 0 0 0 0 0 0 0

26 26 8 4 1 4 3 19 0 9 10 0 0 0

85 85 72 18 7 54 11 13 0 10 3 0 0 0

93 93 93 42 16 51 26 0 0 0 0 0 0 0

51 51 51 19 14 32 22 0 0 0 0 0 0 0

76 76 76 17 13 60 21 0 0 0 0 0 0 0

28 28 28 17 14 11 4 0 0 0 0 0 0 0

28 28 28 13 11 15 4 1 0 1 0 0 0 0

29 29 28 16 14 12 4 1 0 1 0 0 0 0

31 31 29 16 15 12 4 2 0 2 0 0 0 0

0 0

2 1

2 5

0 9

0 9

0 10

0 10

0 9

0 10

0 12

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-7 -7 -7 2 5 -9 -9 -1 0 0 -1 0 0 0

306 306 185 37 37 148 94 121 0 42 79 0 0 0

59 59 87 99 104 -12 57 -28 0 -21 -8 0 0 0

124 124 126 103 167 23 -50 -2 0 -1 -1 0 0 0

-7 -7 -6 42 64 -48 -37 -1 0 0 0 0 0 0

-12 -12 -11 67 83 -78 -32 -1 0 -1 0 0 0 0

48 48 48 89 95 -41 -33 -1 0 0 0 0 0 0

78 78 81 105 105 -25 -13 -3 0 -3 0 0 0 0

127 127 129 153 154 -24 -15 -1 0 -1 0 0 0 0

151 151 153 178 181 -25 -17 -2 0 -2 0 0 0 0

1 5

-1 24

-5 55

-4 111

-2 55

-1 59

0 67

0 78

0 148

0 174

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

61 61 61 4 0 56 56 1 0 0 1 0 0 0

68 68 27 4 1 22 20 42 0 20 22 0 0 0

155 155 125 37 16 89 20 29 0 21 9 0 0 0

193 193 191 107 41 84 56 2 0 1 1 0 0 0

109 109 108 55 33 53 42 1 0 0 0 0 0 0

140 140 139 53 36 87 39 1 0 1 0 0 0 0

102 102 102 54 39 48 38 1 0 0 0 0 0 0

62 62 59 33 26 27 14 3 0 3 0 0 0 0

59 59 57 32 26 25 16 1 0 1 0 0 0 0

65 65 63 37 31 26 17 2 0 2 0 0 0 0

0 0

3 1

5 8

4 18

2 21

1 25

0 27

0 19

0 16

0 20

186 177 10

713 472 241

889 888 0

497 497 0

577 577 0

555 555 0

574 574 0

677 677 0

682 682 0

787 787 0

452 0 483 2

467 74 904 14

1,723 337 3,259 76

2,681 240 3,745 130

2,913 235 3,951 156

2,918 217 4,232 137

2,875 214 4,173 122

2,763 190 3,692 101

3,065 180 4,029 108

3,503 172 4,505 117

.. 1.4 10.0 7.6 0.1 0.9 56.7 7.7 2.1 13.5

14.3 .. .. 7.1 0.1 0.9 56.6 8.2 2.4 10.5

14.8 .. .. 6.9 0.1 0.9 58.0 7.9 2.4 9.0

15.3 .. .. 6.7 0.1 0.9 58.8 7.5 2.3 8.3

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 2.3 88.3 0.0 0.0 0.0 9.1 0.3 0.0 0.0

.. 5.0 12.5 7.3 0.1 0.6 53.6 4.0 0.0 16.8

.. 3.3 15.7 7.3 0.1 1.4 42.3 8.6 3.2 18.1

.. 1.8 13.4 7.5 0.1 1.1 49.1 9.1 2.7 15.2

.. 1.8 13.8 8.2 0.1 1.1 49.0 8.8 2.8 14.5

.. 1.5 10.9 8.4 0.1 0.9 55.0 8.1 2.1 13.0

331 MADAGASCAR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 88 972 46 41 .. 0 0 0 0 .. 65 578 29 27 .. 49 551 29 27 .. 16 28 0 0 .. 16 251 13 12 .. 14 245 13 12 .. 2 6 0 0 .. 185 48 6 3 .. 0 17 1 1 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 361 .. 272 -37 285 194 210 99 165 475 .. 19 -348 -4 0 13 12 .. 16 251 -48 -6 -3 .. -185 .. 182 -332 -67 -159 347 .. 48 230 250 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

36 0 12 12 0 24 24 0 82 69 0 0

20 0 9 9 0 11 11 0 80 38 0 0

15 0 6 6 0 11 11 0 51 35 0 0

-54 45 54 0 0 -162 8

-541 130 -58 24 -82 -150 -405

358 166 -4 11 -80 244 20

441 124 2 11 -51 318 36

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 9 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

2.3 39.0 9.2 65.4

5.7 18.2 4.6 27.5

1.1 36.2 9.7 74.9

2.7 36.2 9.3 62.6

0.9 35.9 9.0 74.8

0.8 40.4 9.9 79.6

0.8 40.1 10.2 80.6

0.8 40.4 10.9 81.0

0.8 40.6 10.2 80.7

0.8 41.3 10.4 81.1

1.4 44.6 10.4 75.3

3.7 28.1 6.1 46.5

1.1 36.4 9.7 75.2

2.7 36.2 9.3 62.6

0.9 35.9 9.0 74.8

0.8 40.4 9.9 79.6

0.8 40.1 10.2 80.6

0.8 40.4 10.9 81.0

0.8 40.6 10.2 80.7

0.8 41.3 10.4 81.1

6.5 10.5 2.8 14.8

7.4 9.7 3.3 11.3

5.0 5.1 1.1 12.4

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

22 467 211 338 180 176 187 19 215 210 338 180 176 187 4 252 1 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

260 260 0

143 143 0

257 257 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

100 98 78

126 89 77

121 93 75

116 99 74

105 110 72

76 118 70

56 120 68

34 128 65

23 133 63

15 134 60

100 98 76

126 89 75

121 93 73

116 99 72

105 107 70

76 113 68

56 116 66

34 124 64

23 128 61

15 130 59

0 45 55

0 39 53

0 39 52

0 40 50

0 41 48

0 41 46

0 41 44

0 41 43

0 42 41

0 41 39

99 53 21

126 51 21

121 54 22

116 59 22

105 66 22

76 72 22

56 75 21

34 83 21

23 87 20

15 88 20

0 0 2

0 0 2

0 0 2

0 0 2

0 2 2

0 4 2

0 4 2

0 4 2

0 4 2

0 4 2

0 0 2

0 0 2

0 0 2

0 0 2

0 2 2

0 4 2

0 4 2

0 4 2

0 4 2

0 4 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

332 MALAWI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

135 135 135 0 0 0 0 0 0 0 0 0 0

830 634 634 0 80 116 3 1 1 1 1 0 0

1,558 1,385 1,382 2 115 58 6 4 2 19 12 7 94

2,228 2,099 2,099 0 106 23 3 2 1 17 8 8 53

2,444 2,310 2,310 0 102 32 14 12 2 38 27 11 23

2,751 2,596 2,596 0 88 67 24 22 2 48 36 12 14

2,716 2,555 2,555 0 83 78 37 34 2 72 60 12 11

2,604 2,483 2,483 0 73 48 27 27 1 40 35 5 6

2,913 2,689 2,689 0 95 130 37 37 1 54 49 5 4

3,134 2,960 2,960 0 102 72 46 45 1 72 67 5 8

54 53 1 3 3 0 51 0 4 4 0 0 48 6 6 0 0

190 153 37 34 33 1 154 -1 53 35 2 16 101 87 68 3 16

161 136 25 86 67 19 88 13 47 36 6 4 41 133 103 25 4

178 167 11 55 38 17 48 -75 30 26 1 3 18 85 64 18 3

173 156 17 60 34 25 112 -2 24 22 1 1 87 84 56 26 1

152 141 10 50 27 22 127 25 19 17 1 2 108 69 44 23 2

126 117 8 38 29 9 86 -2 20 17 0 3 65 59 46 9 3

116 116 0 25 21 4 70 -21 14 12 0 1 57 39 34 4 1

94 72 22 14 7 7 151 72 16 14 0 1 136 30 21 8 1

88 79 9 19 11 8 3 -66 17 15 1 1 -14 35 26 8 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

65 50 9 0 7 9 55 10

178 120 10 0 48 36 148 30

320 69 23 1 227 110 294 26

263 129 15 0 118 92 249 13

347 121 12 0 214 80 336 11

427 114 59 0 255 81 368 59

342 88 26 0 228 111 316 26

326 95 19 0 212 85 307 19

279 65 6 0 208 104 273 6

394 68 23 0 303 125 371 23

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

62 4 0 53 9

134 35 9 139 -4

278 36 5 264 15

223 26 14 224 -1

311 22 14 314 -3

391 17 19 352 40

309 17 15 298 11

300 12 14 295 5

242 14 23 259 -17

364 15 15 356 8

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

283 .. 0 .. 29 ..

1,138 315 0 638 76 -260

1,695 583 1 710 273 -4

1,768 524 1 810 254 -158

1,668 471 1 680 250 -73

1,672 484 1 686 210 -60

1,843 479 1 840 170 -201

1,670 462 1 685 132 -203

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 47.7 .. .. 1.2 21.6 .. 0.0 58.0 12.5

263.7 72.9 27.8 16.8 4.7 9.2 1.4 14.0 31.1 26.4

419.0 144.2 14.4 4.2 1.4 11.2 4.6 1.3 89.3 81.4

525.0 155.5 13.1 3.6 1.1 9.2 3.8 2.5 90.0 74.8

576.2 162.8 12.4 4.3 1.2 9.2 4.4 2.9 90.3 75.4

537.5 155.8 8.0 2.8 0.8 8.1 3.7 1.9 92.4 79.2

608.5 158.1 6.3 3.3 0.9 5.8 2.4 4.5 89.5 77.7

677.9 187.7 7.7 3.7 1.0 4.2 2.3 2.3 91.3 80.6

3. MAJOR ECONOMIC AGGREGATES 1,837 452 0 638 142 -86

2,492 592 1 959 166 -276

4. DEBT INDICATORS 344.4 84.8 29.3 10.3 2.5 9.1 2.7 3.7 67.5 69.8

376.5 89.4 14.4 5.1 1.2 7.4 2.1 1.1 88.5 80.8

333 MALAWI (US$ million, unless otherwise indicated) 1970

1980

1990

135 135 116 17 17 99 61 20 16 1 2 0 0 0

634 634 442 219 147 223 111 192 1 153 38 0 0 0

1,385 1,382 1,305 1,088 902 217 149 78 0 35 42 2 0 2

0 17

26 131

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

53 53 50 10 10 40 19 3 0 0 3 0 0 0

1997

1998

1999

2000

2001

2002

2003

2,099 2,099 2,079 1,800 1,709 279 264 20 0 0 20 0 0 0

2,310 2,310 2,290 1,990 1,900 299 284 20 0 0 20 0 0 0

2,596 2,596 2,577 2,057 1,972 520 503 19 0 0 19 0 0 0

2,555 2,555 2,537 2,048 1,977 490 475 18 0 0 18 0 0 0

2,483 2,483 2,474 2,061 2,001 413 405 10 0 0 10 0 0 0

2,689 2,689 2,679 2,263 2,198 416 410 10 0 0 10 0 0 0

2,960 2,960 2,950 2,527 2,444 422 416 11 0 0 11 0 0 0

91 764

34 1,375

25 1,542

17 1,586

9 1,592

4 1,624

2 1,770

1 1,958

153 153 105 49 28 56 18 48 0 39 9 0 0 0

136 136 128 118 109 10 10 7 0 0 7 0 0 0

167 167 166 146 142 20 20 1 0 0 1 0 0 0

156 156 156 156 147 0 0 0 0 0 0 0 0 0

141 141 141 141 128 0 0 1 0 0 1 0 0 0

117 117 117 117 115 0 0 0 0 0 0 0 0 0

116 116 116 116 116 0 0 0 0 0 0 0 0 0

72 72 72 72 72 0 0 0 0 0 0 0 0 0

79 79 79 79 79 0 0 0 0 0 0 0 0 0

0 10

8 15

2 99

0 107

0 130

0 88

0 97

0 108

0 51

0 56

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 2 0 0 2 1 1 1 0 0 0 0 0

33 33 5 1 1 4 1 28 1 21 6 0 0 0

67 65 61 20 3 41 4 4 0 0 4 1 0 1

38 38 35 25 11 11 9 3 0 0 3 0 0 0

34 34 33 29 15 4 4 1 0 0 1 0 0 0

27 27 27 27 15 0 0 0 0 0 0 0 0 0

29 29 29 29 18 0 0 0 0 0 0 0 0 0

21 21 21 14 9 7 7 0 0 0 0 0 0 0

7 7 7 7 5 0 0 0 0 0 0 0 0 0

11 11 11 11 9 0 0 0 0 0 0 0 0 0

0 0

0 1

8 3

6 9

10 11

8 14

8 16

4 9

2 5

2 9

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

50 50 48 10 10 39 18 2 -1 0 3 0 0 0

120 120 100 48 27 52 17 20 -1 17 4 0 0 0

69 70 67 98 106 -31 6 3 0 0 3 -1 0 -1

129 129 131 122 130 9 11 -1 0 0 -1 0 0 0

121 121 122 126 131 -4 -4 -1 0 0 -1 0 0 0

114 114 113 114 112 0 0 0 0 0 0 0 0 0

88 88 88 88 97 0 0 0 0 0 0 0 0 0

95 95 95 102 107 -7 -7 0 0 0 0 0 0 0

65 65 65 65 66 0 0 0 0 0 0 0 0 0

68 68 68 68 70 0 0 0 0 0 0 0 0 0

0 10

8 14

-5 96

-6 98

-10 120

-8 75

-8 81

-4 99

-2 46

-2 47

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

334 MALAWI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

4 4 2 0 0 2 1 1 1 0 0 0 0 0

35 35 10 3 1 7 3 25 0 22 2 0 0 0

36 36 30 19 6 12 3 6 0 3 2 0 0 0

26 26 25 17 12 8 6 1 0 0 1 0 0 0

22 22 22 19 13 3 3 0 0 0 0 0 0 0

17 17 17 17 13 0 0 0 0 0 0 0 0 0

17 17 17 17 14 0 0 0 0 0 0 0 0 0

12 12 12 11 11 1 1 0 0 0 0 0 0 0

14 14 14 13 12 1 1 0 0 0 0 0 0 0

15 15 15 14 14 1 1 0 0 0 0 0 0 0

0 0

1 1

8 5

2 9

3 10

2 11

1 12

0 10

0 10

0 11

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

47 47 46 10 10 37 18 0 -2 0 2 0 0 0

85 85 90 45 26 45 14 -5 -1 -5 1 0 0 0

33 34 37 79 100 -42 3 -3 0 -3 1 -2 0 -2

103 103 106 104 118 2 5 -3 0 0 -3 0 0 0

99 99 100 107 118 -7 -6 -1 0 0 -1 0 0 0

97 97 97 97 99 0 0 0 0 0 0 0 0 0

71 71 71 71 82 0 0 0 0 0 0 0 0 0

83 83 83 91 97 -8 -8 0 0 0 0 0 0 0

51 51 51 52 54 -1 -1 0 0 0 0 0 0 0

53 53 53 54 57 -1 -1 0 0 0 0 0 0 0

0 10

6 13

-13 91

-8 89

-13 109

-10 63

-9 70

-5 88

-2 35

-2 36

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6 6 4 0 0 4 1 3 2 0 1 0 0 0

68 68 15 5 2 11 4 53 1 44 8 0 0 0

103 101 91 39 9 53 7 10 0 3 7 2 0 2

64 64 60 42 23 18 15 4 0 0 4 0 0 0

56 56 55 49 29 7 6 1 0 0 1 0 0 0

44 44 44 44 28 0 0 0 0 0 0 0 0 0

46 46 46 46 32 0 0 0 0 0 0 0 0 0

34 34 34 26 20 8 8 0 0 0 0 0 0 0

21 21 21 20 18 1 1 0 0 0 0 0 0 0

26 26 26 25 23 1 1 0 0 0 0 0 0 0

0 0

1 2

16 8

8 18

13 21

10 25

9 27

5 19

2 16

2 20

39 39 0

162 152 10

574 562 12

478 472 6

557 551 6

478 472 5

369 369 0

307 307 0

321 321 0

331 331 0

78 0 135 0

258 145 585 49

1,051 50 1,372 13

1,973 7 2,096 3

2,184 6 2,307 3

2,475 6 2,593 3

2,452 5 2,553 3

2,407 4 2,481 3

2,607 3 2,686 3

2,860 3 2,957 3

.. 0.2 0.6 8.4 6.1 0.1 65.9 15.0 1.1 2.8

1.9 .. .. 5.9 5.8 0.1 69.3 14.7 1.1 1.4

1.9 .. .. 5.4 5.4 0.1 69.4 14.8 1.0 1.9

2.0 .. .. 4.9 5.1 0.1 69.3 15.1 1.0 2.5

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 4.1 0.0 0.0 56.2 0.0 12.9 0.0 0.0 26.7

.. 2.5 1.2 4.1 17.4 0.0 46.5 12.4 0.0 15.9

.. 0.7 2.0 9.3 16.7 0.1 46.9 21.9 0.0 2.5

.. 0.2 0.8 9.1 8.0 0.1 60.0 18.5 0.9 2.2

.. 0.2 0.8 9.2 7.4 0.1 61.6 17.6 0.9 2.2

.. 0.2 0.6 9.3 6.4 0.1 64.4 15.5 1.0 2.6

335 MALAWI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 51 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 148 -87 216 307 154 88 48 112 127 .. -2 -1 10 10 .. 0 0 0 0 0 0 0 .. -51 -21 .. 22 -231 -50 .. 91 98 144 190 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

6 0 6 5 1 2 2 0 72 23 0 0

2 0 2 2 0 0 0 0 39 7 0 0

2 0 2 2 0 0 0 0 42 7 0 0

-34 86 13 0 0 -111 -22

-112 70 -9 2 -72 -96 -8

309 151 10 0 -39 140 47

221 3 8 0 -42 167 84

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 51 .. .. .. .. ..

3.8 29.4 6.0 47.1

6.0 23.6 5.9 32.4

1.3 37.7 9.2 74.2

1.0 46.8 10.3 79.8

0.8 39.7 10.2 80.5

0.8 47.8 10.6 82.9

0.8 44.7 10.1 81.8

0.8 41.2 11.7 81.6

0.8 45.1 9.9 80.7

0.8 41.3 10.3 81.0

3.1 35.3 7.6 56.9

4.0 28.6 6.9 44.9

1.1 38.3 9.4 75.6

0.7 49.3 11.0 83.9

0.8 39.7 10.2 80.5

0.8 47.8 10.6 82.9

0.8 44.7 10.1 81.8

0.8 41.2 11.7 81.6

0.8 45.1 9.9 80.7

0.8 41.3 10.3 81.0

6.5 8.4 0.3 12.0

13.2 5.7 2.6 -12.3

8.6 11.8 3.5 6.2

5.5 10.5 1.0 17.5

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

14 130 259 80 214 102 59 11 102 253 75 214 102 59 3 28 5 5 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

86 86 0

75 75 0

66 66 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

77 77 31

72 91 30

57 95 29

44 97 28

33 89 26

21 95 25

13 98 24

7 100 23

4 99 22

2 107 21

77 76 31

72 91 30

57 95 29

44 96 27

33 89 26

21 94 25

13 97 24

7 100 23

4 99 22

2 106 21

0 25 11

0 38 10

0 37 9

0 36 8

0 26 7

0 23 6

0 23 6

0 23 5

0 22 4

0 22 4

77 51 20

72 52 20

57 58 20

44 60 20

33 63 19

21 71 19

13 74 18

7 77 18

4 77 17

2 84 17

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 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

336 MALAYSIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

502 440 390 50 0 62 0 0 0 0 0 0 0

6,611 5,256 4,007 1,248 0 1,355 0 0 0 0 0 0 0

15,328 13,422 11,592 1,830 0 1,906 0 0 0 0 0 0 1,395

47,228 32,289 16,807 15,482 0 14,939 0 0 0 0 0 0 3,289

42,409 33,940 18,155 15,786 0 8,469 0 0 0 0 0 0 1,393

41,903 35,892 18,930 16,961 0 6,012 0 0 0 0 0 0 1,292

41,941 37,300 19,234 18,067 0 4,640 0 0 0 0 0 0 1,196

44,612 38,321 24,140 14,181 0 6,291 0 0 0 0 0 0 1,500

48,833 40,464 26,476 13,988 0 8,369 0 0 0 0 0 0 2,108

49,074 40,249 25,517 14,732 0 8,825 0 0 0 0 0 0 2,423

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

58 58 0 57 57 0 1 0 25 25 0 0 -24 82 82 0 0

1,456 1,456 0 345 345 0 1,592 481 589 338 0 251 1,003 934 683 0 251

1,683 1,683 0 3,167 3,167 0 -1,851 -367 1,166 997 0 169 -3,017 4,333 4,164 0 169

8,803 8,803 0 4,276 4,276 0 8,397 3,871 2,833 1,588 0 1,245 5,565 7,109 5,864 0 1,245

6,724 6,724 0 3,806 3,806 0 -3,552 -6,470 2,268 1,612 0 656 -5,820 6,074 5,418 0 656

4,621 4,621 0 2,853 2,853 0 -689 -2,457 1,922 1,603 0 319 -2,611 4,775 4,456 0 319

5,921 5,921 0 4,146 4,146 0 404 -1,372 2,299 2,033 0 266 -1,895 6,445 6,179 0 266

7,110 7,110 0 4,088 4,088 0 4,672 1,650 2,140 1,946 0 195 2,532 6,229 6,034 0 195

7,766 7,766 0 5,868 5,868 0 3,976 2,078 1,965 1,731 0 235 2,011 7,833 7,599 0 235

5,603 5,603 0 7,304 7,304 0 -1,245 456 2,183 1,908 0 275 -3,428 9,487 9,212 0 275

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

99 1 94 0 4 13 27 71

2,052 1,111 934 0 6 54 139 1,913

890 -1,484 2,333 0 42 125 414 476

1,627 4,527 5,137 -8,049 13 86 -156 1,783

4,706 2,918 2,163 -397 21 80 243 4,463

5,813 1,768 3,895 137 13 89 608 5,205

3,730 1,775 3,788 -1,841 9 82 614 3,116

2,911 3,022 554 -673 8 68 2,079 832

5,057 1,898 3,203 -55 12 67 -192 5,250

2,126 -1,701 2,473 1,340 14 62 -82 2,207

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

73 25 0 14 60

524 338 1,190 53 471

-2,033 997 1,926 182 -2,214

-5,036 1,588 5,075 -358 -4,678

298 1,612 2,796 36 262

-1,192 1,603 5,402 363 -1,555

-5,475 2,033 7,173 356 -5,831

-4,968 1,946 5,933 1,812 -6,780

-2,794 1,731 6,121 -459 -2,335

-6,517 1,908 6,735 -305 -6,212

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

4,167 .. 0 .. 667 ..

24,057 14,836 41 15,100 5,755 -266

73,540 98,019 1,042 83,687 30,931 12,604

82,712 114,356 981 103,944 29,844 8,488

81,258 104,282 792 94,844 30,798 7,287

88,569 110,400 959 100,430 34,623 7,190

97,809 122,025 987 106,197 45,003 13,381

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 12.0 .. .. 0.6 133.0 .. 12.4 18.8 28.2

44.6 27.5 6.3 4.0 2.4 87.1 4.6 20.5 8.6 11.3

42.8 57.0 4.9 2.0 2.6 73.8 4.4 14.3 6.5 3.4

36.7 50.7 5.6 2.0 2.8 71.2 3.4 11.1 7.0 3.1

42.8 54.9 6.0 2.1 2.6 69.0 3.9 14.1 7.1 2.7

44.2 55.1 7.1 1.8 2.2 70.9 4.1 17.1 6.5 2.3

40.2 50.2 7.8 1.8 2.2 91.7 5.1 18.0 7.1 2.2

3. MAJOR ECONOMIC AGGREGATES 42,152 34,514 325 35,486 10,659 -870

94,803 95,750 1,074 100,176 21,470 -5,935

68,271 84,942 856 72,950 26,236 9,529

4. DEBT INDICATORS 44.4 36.4 12.6 3.4 2.8 69.5 3.6 12.4 14.6 11.8

49.3 49.8 7.4 3.0 3.0 45.5 2.6 31.6 4.3 2.6

49.9 62.1 7.2 2.7 3.3 61.9 4.3 20.0 5.5 3.5

337 MALAYSIA (US$ million, unless otherwise indicated) 1970

1980

1990

440 390 265 141 0 124 94 125 111 0 14 50 0 50

5,256 4,007 1,444 745 3 699 565 2,564 278 1,397 889 1,248 0 1,248

13,422 11,592 4,191 1,812 9 2,378 2,225 7,401 4,090 2,285 1,026 1,830 0 1,830

141 0

504 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

58 45 39 22 0 17 16 6 0 0 6 12 0 12

1997

1998

1999

2000

2001

2002

2003

32,289 16,807 3,983 1,228 0 2,755 2,033 12,824 8,265 3,118 1,440 15,482 3,752 11,730

33,940 18,155 4,508 1,487 0 3,021 2,333 13,647 8,338 3,346 1,963 15,786 3,785 12,001

35,892 18,930 4,825 1,438 0 3,387 2,735 14,105 9,255 2,866 1,984 16,961 3,841 13,120

37,300 19,234 4,950 1,314 0 3,637 2,939 14,284 9,945 2,292 2,046 18,067 3,402 14,665

38,321 24,140 5,861 1,219 0 4,641 3,159 18,279 10,804 5,573 1,902 14,181 3,825 10,356

40,464 26,476 5,782 1,145 0 4,637 3,194 20,694 13,464 4,752 2,478 13,988 3,260 10,729

40,249 25,517 6,110 1,099 0 5,011 3,462 19,407 13,698 3,402 2,307 14,732 4,157 10,575

1,102 0

758 0

970 0

900 0

812 0

788 0

719 0

708 0

1,456 1,015 211 118 0 93 78 804 0 510 294 441 0 441

1,683 798 737 273 2 464 460 61 0 57 4 885 0 885

8,803 3,566 662 137 0 524 271 2,904 746 900 1,259 5,237 1,844 3,393

6,724 1,624 600 386 0 214 214 1,024 0 456 568 5,100 0 5,100

4,621 2,482 1,372 71 0 1,300 700 1,110 1,010 48 53 2,139 0 2,139

5,921 3,460 1,446 61 0 1,385 1,141 2,015 1,061 672 282 2,461 361 2,100

7,110 5,520 2,901 71 0 2,830 2,084 2,619 1,700 820 99 1,590 550 1,040

7,766 6,266 1,207 63 0 1,144 435 5,059 3,838 597 623 1,500 0 1,500

5,603 2,269 833 89 0 744 248 1,436 0 1,436 0 3,334 906 2,427

21 0

80 0

205 0

51 0

325 0

42 0

15 0

60 0

56 0

87 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

57 47 16 5 0 11 4 32 30 0 2 9 0 9

345 127 79 34 0 45 17 48 11 17 20 218 0 218

3,167 2,697 365 216 2 149 123 2,332 1,239 664 428 470 0 470

4,276 1,867 830 191 0 639 535 1,037 86 779 172 2,409 0 2,409

3,806 1,135 378 179 0 199 164 757 299 339 119 2,671 15 2,656

2,853 1,559 777 156 0 620 585 783 263 401 118 1,294 0 1,294

4,146 2,017 840 139 0 701 666 1,176 200 864 112 2,129 745 1,384

4,088 2,457 830 120 0 710 679 1,628 676 840 112 1,631 110 1,521

5,868 4,192 1,411 165 0 1,246 403 2,781 1,327 1,311 143 1,676 549 1,127

7,304 4,278 929 159 0 770 239 3,349 0 3,061 288 3,026 65 2,961

5 0

26 0

164 0

126 0

117 0

111 0

100 0

83 0

126 0

98 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 -2 23 17 0 6 12 -25 -30 0 4 3 0 3

1,111 889 132 85 0 48 61 756 -11 493 274 223 0 223

-1,484 -1,899 372 57 0 315 337 -2,271 -1,239 -607 -424 415 0 415

4,527 1,699 -168 -53 0 -115 -263 1,868 659 121 1,087 2,828 1,844 984

2,918 489 222 207 0 15 50 267 -299 117 449 2,429 -15 2,444

1,768 923 595 -85 0 680 115 328 747 -353 -66 845 0 845

1,775 1,444 606 -79 0 684 475 838 861 -193 170 331 -384 716

3,022 3,063 2,071 -49 0 2,121 1,405 991 1,024 -21 -12 -41 440 -481

1,898 2,074 -204 -103 0 -101 32 2,278 2,511 -714 481 -176 -549 373

-1,701 -2,009 -96 -71 0 -25 8 -1,913 0 -1,625 -288 307 841 -534

16 0

54 0

41 0

-75 0

208 0

-69 0

-86 0

-22 0

-70 0

-11 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

338 MALAYSIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

25 22 13 8 0 5 3 9 8 0 1 3 0 3

338 250 86 60 0 26 19 163 18 108 37 88 0 88

997 956 232 145 1 87 75 724 414 199 111 41 0 41

1,588 903 202 90 0 112 81 702 509 142 50 685 60 625

1,612 1,000 207 82 0 125 70 792 536 161 96 612 161 451

1,603 1,086 244 100 0 145 92 841 592 156 94 517 157 360

2,033 1,171 259 98 0 160 94 912 611 189 112 862 159 703

1,946 1,278 267 88 0 179 102 1,011 664 235 111 668 158 510

1,731 1,189 266 80 0 186 119 923 669 165 89 542 152 390

1,908 1,397 223 65 0 158 112 1,174 892 195 87 510 190 320

8 0

39 0

86 0

57 0

50 0

67 0

66 0

59 0

54 0

47 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-24 -24 10 9 0 1 9 -34 -38 0 4 0 0 0

774 639 46 25 0 22 42 593 -29 384 237 135 0 135

-2,481 -2,855 140 -88 0 228 262 -2,995 -1,654 -806 -535 374 0 374

2,939 796 -370 -143 0 -227 -345 1,166 150 -21 1,037 2,143 1,784 359

1,306 -511 15 125 0 -110 -19 -525 -835 -43 353 1,817 -176 1,993

165 -163 350 -185 0 535 23 -513 155 -509 -159 328 -157 485

-257 273 347 -177 0 524 381 -74 250 -381 58 -531 -544 13

1,076 1,785 1,804 -137 0 1,941 1,303 -20 360 -256 -124 -708 282 -991

167 885 -470 -183 0 -288 -87 1,355 1,843 -879 392 -718 -701 -17

-3,609 -3,406 -319 -136 0 -183 -104 -3,087 -892 -1,820 -375 -203 651 -854

8 0

15 0

-46 0

-132 0

158 0

-135 0

-152 0

-81 0

-124 0

-57 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

82 69 29 13 0 16 7 40 38 0 2 13 0 13

683 376 165 94 0 71 37 211 29 126 57 306 0 306

4,164 3,653 597 361 2 236 198 3,056 1,654 863 539 511 0 511

5,864 2,770 1,032 281 0 751 616 1,738 595 921 222 3,094 60 3,034

5,418 2,134 585 261 0 324 233 1,550 835 500 215 3,283 176 3,107

4,456 2,645 1,021 256 0 765 678 1,624 855 557 212 1,811 157 1,654

6,179 3,187 1,099 238 0 861 761 2,088 811 1,053 224 2,991 904 2,087

6,034 3,736 1,097 208 0 889 781 2,639 1,340 1,076 223 2,298 268 2,031

7,599 5,381 1,678 245 0 1,432 522 3,703 1,996 1,476 232 2,218 701 1,517

9,212 5,675 1,152 225 0 927 351 4,523 892 3,256 375 3,537 256 3,281

13 0

65 0

250 0

183 0

167 0

177 0

166 0

141 0

180 0

144 0

201 181 20

1,761 1,404 357

2,068 1,795 273

1,193 831 362

913 559 353

4,420 2,314 2,106

5,865 2,288 3,577

3,889 3,366 523

4,058 3,737 322

3,219 3,219 0

94 50 390 50

567 2,665 4,007 1,248

2,234 6,559 11,592 1,830

2,033 19,457 16,807 15,482

2,333 20,286 18,155 15,786

2,735 21,038 18,930 16,961

2,939 22,401 19,135 18,166

3,159 21,921 23,993 14,327

3,194 22,044 26,344 14,120

3,462 20,279 25,393 14,856

0.8 .. .. 22.3 0.5 0.0 70.9 5.3 0.0 0.1

4.3 .. .. 20.5 0.5 0.0 70.2 4.4 0.0 0.1

3.9 .. .. 23.5 0.6 0.0 67.9 4.0 0.0 0.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 6.9 0.0 2.2 37.8 0.0 14.0 36.3 0.0 2.8

.. 3.3 13.0 19.0 3.6 2.3 36.7 21.0 0.0 1.2

.. 5.9 2.8 36.5 1.6 3.6 31.8 15.0 0.0 2.7

.. 0.5 0.4 26.5 1.1 0.5 55.8 15.0 0.0 0.2

.. 0.4 0.4 29.6 0.9 0.1 58.7 9.7 0.0 0.2

.. 0.3 0.3 29.8 0.8 0.0 60.0 8.6 0.0 0.1

.. 0.2 0.2 27.6 0.7 0.0 62.8 7.7 0.0 0.9

339 MALAYSIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION -4,819 -506 .. -949 7,555 -1,851 8,397 -3,552 -689 1,592 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 926 -676 607 711 -166 -1,874 -527 .. -25 9. AVERAGE TERMS OF NEW COMMITMENTS

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

37 404 0 0 0 -689 322

2,671 4,672 0 0 0 -734 -1,268

4,222 3,976 0 0 0 623 -377

241 -1,245 0 0 0 922 564

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 1 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

6.1 18.7 4.8 22.8

11.2 13.8 5.4 -6.6

4.8 20.9 6.0 37.3

5.9 13.0 4.7 21.4

4.1 14.2 3.6 32.8

5.2 14.4 6.2 28.7

5.7 13.2 3.9 22.7

4.0 13.6 5.8 33.3

4.9 11.7 7.9 25.5

1.4 6.7 0.7 23.7

6.4 21.0 5.7 24.0

6.7 18.3 5.0 20.9

4.0 22.9 6.7 44.2

7.4 22.3 4.2 15.8

6.3 15.8 3.8 20.9

4.5 19.5 5.1 35.8

3.2 24.3 3.5 45.1

3.7 14.9 3.3 31.6

3.7 16.9 4.9 37.5

3.0 15.6 2.1 37.4

5.1 8.8 1.3 17.3

14.1 10.9 5.7 -23.9

8.9 11.4 2.6 4.3

5.9 12.7 4.7 21.5

3.4 13.7 3.5 36.4

5.7 10.3 7.1 22.9

7.0 7.6 4.0 11.4

4.5 11.6 9.7 35.9

5.2 10.2 8.7 22.2

1.3 6.1 0.6 22.8

84 1,423 701 2,405 1,278 5,312 5,444 68 550 579 74 300 2,379 1,818 16 873 122 2,330 978 2,934 3,625 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

7,053 4,279 2,774

6,161 1,343 4,818

1,509 92 1,417

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,495 4,771 1,786

855 5,571 1,637

496 4,887 1,420

228 6,141 1,192

81 3,602 1,013

39 5,845 792

20 2,333 610

2 1,483 539

2 971 451

0 995 409

1,495 834 244

855 810 245

496 849 232

228 929 208

81 909 181

39 882 152

20 567 122

2 489 105

2 476 90

0 377 75

1,446 688 183

823 659 192

472 702 187

211 791 170

72 784 151

33 760 128

16 477 105

0 412 92

0 412 80

0 314 68

48 145 61

32 151 54

24 147 46

17 138 38

9 126 30

6 122 23

4 90 17

2 77 13

2 64 10

0 63 7

0 3,937 1,542

0 4,761 1,392

0 4,038 1,188

0 5,213 984

0 2,692 833

0 4,963 641

0 1,766 487

0 993 433

0 496 361

0 618 334

0 516 123

0 616 102

0 688 79

0 557 52

0 422 30

0 587 8

0 0 1

0 0 1

0 2 1

0 2 1

0 3,421 1,419

0 4,145 1,289

0 3,350 1,108

0 4,656 931

0 2,271 803

0 4,376 633

0 1,766 487

0 993 433

0 493 361

0 616 333

340 MALDIVES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

25.8 24.8 24.8 0.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0

78.0 64.0 64.0 0.0 0.0 14.0 0.0 0.0 0.0 0.0 0.0 0.0

171.3 164.3 164.3 0.0 0.0 7.0 0.0 0.0 0.0 0.0 0.0 0.0

193.6 183.4 183.4 0.0 0.0 10.2 0.0 0.0 0.0 0.0 0.0 0.0

218.9 194.1 194.1 0.0 0.0 24.8 0.0 0.0 0.0 0.0 0.0 0.0

206.0 184.7 184.7 0.0 0.0 21.4 0.0 0.0 0.0 0.0 0.0 0.0

234.9 180.7 180.7 0.0 0.0 54.3 0.0 0.0 0.0 0.0 0.0 0.0

271.7 223.0 223.0 0.0 0.0 48.7 0.0 0.0 0.0 0.0 0.0 0.0

281.0 255.1 255.1 0.0 0.0 25.9 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

17.9 17.9 0.0 0.0 0.0 0.0 12.9 -5.0 0.5 0.3 0.0 0.3 12.4 0.5 0.3 0.0 0.3

13.0 13.0 0.0 6.0 6.0 0.0 8.6 1.6 2.8 1.3 0.0 1.5 5.8 8.8 7.3 0.0 1.5

32.7 32.7 0.0 24.2 24.2 0.0 10.8 2.3 4.4 4.1 0.0 0.4 6.4 28.6 28.2 0.0 0.4

30.7 30.7 0.0 11.6 11.6 0.0 22.3 3.2 4.3 3.9 0.0 0.4 18.0 15.9 15.5 0.0 0.4

17.4 17.4 0.0 12.3 12.3 0.0 19.7 14.6 5.4 4.4 0.0 0.9 14.3 17.7 16.7 0.0 0.9

13.6 13.6 0.0 13.9 13.9 0.0 -3.8 -3.5 5.9 4.7 0.0 1.2 -9.7 19.8 18.7 0.0 1.2

20.1 20.1 0.0 15.8 15.8 0.0 37.2 32.9 6.0 4.6 0.0 1.4 31.3 21.7 20.4 0.0 1.4

42.6 42.6 0.0 16.6 16.6 0.0 20.4 -5.6 5.7 4.4 0.0 1.3 14.7 22.2 20.9 0.0 1.3

36.6 36.6 0.0 16.0 16.0 0.0 -2.2 -22.8 5.2 4.6 0.0 0.7 -7.4 21.2 20.6 0.0 0.7

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

19.0 17.9 0.0 0.0 1.1 2.8 19.0 0.0

23.9 7.0 5.6 0.0 11.3 5.8 17.2 6.7

32.9 8.5 11.4 0.0 13.0 8.0 15.5 17.4

43.8 19.1 11.5 0.0 13.2 7.0 21.6 22.1

34.8 5.1 12.3 0.0 17.5 8.3 18.2 16.6

22.7 -0.4 13.0 0.0 10.0 7.6 9.6 13.0

30.7 4.3 11.7 0.0 14.6 5.4 18.5 12.2

48.5 26.0 12.4 0.0 10.1 6.5 21.5 27.0

39.5 20.6 13.5 0.0 5.4 6.8 15.7 23.7

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

17.2 0.3 1.5 18.7 -1.5

8.7 1.3 13.9 16.4 -7.7

-1.0 4.1 29.8 12.4 -13.4

8.2 3.9 31.7 18.9 -10.7

-3.8 4.4 34.2 15.5 -19.3

-16.5 4.7 34.4 7.1 -23.6

-13.6 4.6 39.7 16.0 -29.6

8.8 4.4 35.3 19.0 -10.2

-4.1 4.6 39.0 13.5 -17.6

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. 65.2 0.0 89.8 0.9 -22.2

511.9 435.5 2.0 447.1 119.1 -21.9

558.2 443.3 2.0 502.1 127.6 -78.9

594.3 467.5 2.0 492.0 123.3 -51.5

586.5 472.5 2.0 501.5 93.6 -58.7

604.2 500.8 2.0 496.9 133.8 -35.7

680.0 591.7 3.0 579.9 160.3 -30.4

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

39.5 .. 0.8 0.8 .. 3.7 0.1 3.9 96.1 13.6

44.5 37.8 3.7 1.0 0.8 61.5 3.2 5.3 73.8 58.3

49.4 39.2 4.0 1.2 1.0 58.3 3.1 11.3 68.7 57.1

44.1 34.7 4.2 1.3 1.0 59.9 3.0 10.4 69.1 58.5

49.7 40.1 4.6 1.3 1.0 39.8 2.2 23.1 59.5 51.0

54.2 45.0 4.4 1.1 0.9 49.2 3.2 17.9 60.5 52.9

47.5 41.3 3.6 0.9 0.8 57.0 3.3 9.2 64.1 56.4

3. MAJOR ECONOMIC AGGREGATES 193.8 183.8 2.0 177.7 24.5 9.9

480.8 409.3 2.0 436.1 98.8 -34.7

4. DEBT INDICATORS 42.4 40.2 4.8 1.5 1.4 31.4 1.7 18.0 71.0 41.7

41.9 35.6 7.0 1.1 0.9 57.7 2.7 4.1 79.1 58.7

341 MALDIVES (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

24.8 24.8 24.8 3.5 3.5 21.3 21.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

64.0 64.0 60.2 32.5 32.5 27.6 22.8 3.8 0.0 0.0 3.8 0.0 0.0 0.0

.. ..

0.0 1.6

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

164.3 164.3 147.5 100.6 99.1 47.0 36.5 16.8 0.0 10.7 6.1 0.0 0.0 0.0

183.4 183.4 155.4 112.9 109.9 42.5 32.9 28.1 0.0 18.7 9.3 0.0 0.0 0.0

194.1 194.1 163.4 124.9 120.4 38.5 30.0 30.7 0.0 24.0 6.7 0.0 0.0 0.0

184.7 184.7 154.8 120.5 115.4 34.3 26.9 29.9 0.0 23.7 6.2 0.0 0.0 0.0

180.7 180.7 151.0 119.8 114.9 31.2 24.8 29.7 0.0 24.9 4.8 0.0 0.0 0.0

223.0 223.0 175.1 143.8 138.5 31.3 26.0 47.9 0.0 43.9 4.0 0.0 0.0 0.0

255.1 255.1 191.0 158.5 152.6 32.5 27.6 64.1 0.0 61.2 2.9 0.0 0.0 0.0

0.0 10.0

0.0 39.0

0.0 44.1

0.0 45.6

0.0 46.4

0.0 44.4

0.0 50.3

0.0 57.6

17.9 17.9 17.9 2.6 2.6 15.3 15.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.0 13.0 9.6 3.6 3.6 5.9 1.1 3.5 0.0 0.0 3.5 0.0 0.0 0.0

32.7 32.7 23.5 11.0 9.9 12.5 1.8 9.2 0.0 5.7 3.4 0.0 0.0 0.0

30.7 30.7 15.0 14.8 13.4 0.2 0.2 15.8 0.0 10.7 5.0 0.0 0.0 0.0

17.4 17.4 7.2 6.8 5.1 0.4 0.4 10.2 0.0 10.0 0.2 0.0 0.0 0.0

13.6 13.6 6.3 6.1 5.4 0.2 0.2 7.3 0.0 6.1 1.2 0.0 0.0 0.0

20.1 20.1 10.2 9.6 9.6 0.7 0.7 9.9 0.0 9.9 0.0 0.0 0.0 0.0

42.6 42.6 18.5 15.0 14.9 3.5 3.5 24.1 0.0 24.1 0.0 0.0 0.0 0.0

36.6 36.6 16.5 12.8 12.8 3.8 3.8 20.0 0.0 20.0 0.0 0.0 0.0 0.0

.. ..

0.0 1.6

0.0 1.2

0.0 3.8

0.0 3.7

0.0 2.7

0.0 3.3

0.0 0.1

0.0 3.2

0.0 3.2

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

6.0 6.0 3.7 1.5 1.5 2.2 1.9 2.3 0.0 1.5 0.9 0.0 0.0 0.0

24.2 24.2 21.0 1.5 1.5 19.5 4.0 3.2 0.0 1.3 1.8 0.0 0.0 0.0

11.6 11.6 6.5 1.7 1.7 4.8 3.8 5.1 0.0 2.9 2.2 0.0 0.0 0.0

12.3 12.3 6.5 2.2 2.2 4.3 3.3 5.8 0.0 4.0 1.9 0.0 0.0 0.0

13.9 13.9 6.7 2.5 2.5 4.2 3.2 7.3 0.0 6.1 1.2 0.0 0.0 0.0

15.8 15.8 6.4 2.6 2.6 3.8 2.7 9.4 0.0 8.0 1.4 0.0 0.0 0.0

16.6 16.6 7.0 3.0 3.0 4.0 2.9 9.5 0.0 8.2 1.3 0.0 0.0 0.0

16.0 16.0 6.2 3.3 3.3 2.9 2.5 9.8 0.0 8.3 1.5 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.3

0.0 0.4

0.0 0.4

0.0 0.6

0.0 0.7

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

17.9 17.9 17.9 2.6 2.6 15.3 15.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.0 7.0 5.9 2.2 2.2 3.7 -0.8 1.1 0.0 -1.5 2.6 0.0 0.0 0.0

8.5 8.5 2.5 9.5 8.4 -7.0 -2.3 6.0 0.0 4.4 1.6 0.0 0.0 0.0

19.1 19.1 8.5 13.1 11.7 -4.6 -3.7 10.6 0.0 7.9 2.8 0.0 0.0 0.0

5.1 5.1 0.7 4.6 2.9 -3.8 -2.9 4.3 0.0 6.0 -1.6 0.0 0.0 0.0

-0.4 -0.4 -0.4 3.6 2.9 -4.0 -3.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0

4.3 4.3 3.9 7.0 7.0 -3.1 -2.0 0.5 0.0 1.9 -1.4 0.0 0.0 0.0

26.0 26.0 11.4 12.0 11.9 -0.6 0.6 14.6 0.0 15.9 -1.3 0.0 0.0 0.0

20.6 20.6 10.4 9.5 9.5 0.8 1.2 10.2 0.0 11.7 -1.5 0.0 0.0 0.0

.. ..

0.0 1.6

0.0 1.2

0.0 3.7

0.0 3.6

0.0 2.4

0.0 3.0

0.0 -0.3

0.0 2.6

0.0 2.5

5. LONG-TERM DEBT

342 MALDIVES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.3 0.3 0.3 0.0 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 0.8 0.3 0.3 0.5 0.3 0.5 0.0 0.1 0.4 0.0 0.0 0.0

4.1 4.1 3.0 1.3 1.2 1.8 0.6 1.0 0.0 0.7 0.4 0.0 0.0 0.0

3.9 3.9 2.7 1.3 1.3 1.4 0.6 1.2 0.0 0.9 0.3 0.0 0.0 0.0

4.4 4.4 2.7 1.5 1.4 1.2 0.6 1.7 0.0 1.2 0.5 0.0 0.0 0.0

4.7 4.7 2.6 1.5 1.4 1.1 0.5 2.2 0.0 1.8 0.4 0.0 0.0 0.0

4.6 4.6 2.5 1.5 1.5 1.0 0.5 2.1 0.0 1.8 0.3 0.0 0.0 0.0

4.4 4.4 2.5 1.6 1.6 0.9 0.4 1.9 0.0 1.6 0.3 0.0 0.0 0.0

4.6 4.6 2.2 1.6 1.6 0.6 0.4 2.3 0.0 2.1 0.2 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

17.6 17.6 17.6 2.6 2.6 15.0 15.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.7 5.7 5.0 1.8 1.8 3.2 -1.1 0.6 0.0 -1.6 2.2 0.0 0.0 0.0

4.4 4.4 -0.5 8.2 7.2 -8.8 -2.9 5.0 0.0 3.7 1.2 0.0 0.0 0.0

15.2 15.2 5.8 11.7 10.4 -6.0 -4.3 9.5 0.0 7.0 2.5 0.0 0.0 0.0

0.6 0.6 -2.0 3.1 1.5 -5.0 -3.4 2.6 0.0 4.7 -2.1 0.0 0.0 0.0

-5.1 -5.1 -2.9 2.1 1.4 -5.1 -3.5 -2.2 0.0 -1.8 -0.4 0.0 0.0 0.0

-0.2 -0.2 1.4 5.4 5.5 -4.1 -2.5 -1.6 0.0 0.1 -1.7 0.0 0.0 0.0

21.6 21.6 8.9 10.3 10.3 -1.4 0.1 12.7 0.0 14.3 -1.6 0.0 0.0 0.0

16.0 16.0 8.2 7.9 7.9 0.3 0.8 7.9 0.0 9.6 -1.7 0.0 0.0 0.0

.. ..

0.0 1.6

0.0 1.1

0.0 3.4

0.0 3.3

0.0 2.1

0.0 2.6

0.0 -0.6

0.0 2.3

0.0 2.1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.3 0.3 0.3 0.0 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.3 7.3 4.5 1.8 1.8 2.7 2.2 2.8 0.0 1.6 1.2 0.0 0.0 0.0

28.2 28.2 24.0 2.8 2.7 21.2 4.7 4.2 0.0 2.0 2.2 0.0 0.0 0.0

15.5 15.5 9.2 3.0 3.0 6.2 4.5 6.3 0.0 3.8 2.5 0.0 0.0 0.0

16.7 16.7 9.2 3.7 3.7 5.5 3.8 7.6 0.0 5.2 2.3 0.0 0.0 0.0

18.7 18.7 9.2 4.0 3.9 5.2 3.7 9.4 0.0 7.9 1.6 0.0 0.0 0.0

20.4 20.4 8.8 4.1 4.1 4.7 3.2 11.5 0.0 9.8 1.7 0.0 0.0 0.0

20.9 20.9 9.6 4.7 4.6 4.9 3.3 11.4 0.0 9.8 1.6 0.0 0.0 0.0

20.6 20.6 8.4 4.9 4.8 3.5 3.0 12.2 0.0 10.4 1.7 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.4

0.0 0.4

0.0 0.6

0.0 0.7

0.0 0.8

0.0 0.9

0.0 1.1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

21.0 19.1 1.9

51.3 49.6 1.7

38.9 28.9 10.0

48.0 38.1 9.9

66.1 57.8 8.4

87.3 75.7 11.5

93.4 70.8 22.7

175.6 78.7 96.9

144.4 66.7 77.7

.. .. .. ..

24.8 0.0 24.8 0.0

55.4 0.0 64.0 0.0

135.6 6.6 164.3 0.0

142.9 13.2 183.4 0.0

150.4 16.7 192.5 1.5

142.3 15.1 183.4 1.2

139.7 14.8 178.2 2.5

164.5 12.0 221.3 1.7

180.2 25.0 254.3 0.8

.. 1.5 0.0 0.0 0.2 0.0 53.3 22.3 1.8 20.9

4.2 .. .. 0.0 0.1 0.0 53.7 20.3 4.9 16.8

15.5 .. .. 0.0 0.0 0.0 46.1 18.7 4.5 15.2

15.1 .. .. 0.0 0.0 0.0 49.5 14.4 4.3 16.7

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. 0.0 0.0 0.0 0.0 0.0 14.2 0.0 0.0 85.8

.. 13.0 0.0 0.0 0.4 0.0 25.4 12.4 0.0 48.8

.. 0.1 0.0 0.8 0.7 0.0 49.2 21.7 1.7 25.9

.. 2.6 0.0 0.2 0.5 0.0 49.6 20.7 1.6 24.8

.. 1.9 0.0 0.0 0.3 0.0 50.4 24.0 1.7 21.6

343 MALDIVES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 11.2 3.1 22.3 25.3 12.9 8.6 10.8 22.3 19.7 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 1.2 -8.4 2.4 -3.3 .. 1.3 0.7 -2.5 8.9 9. AVERAGE TERMS OF NEW COMMITMENTS

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 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.0 0.0 0.0

-12.9 -3.8 0.0 0.0 0.0 -6.5 -2.5

28.9 37.2 0.0 0.0 0.0 -5.4 -2.9

36.7 20.4 0.0 0.0 0.0 10.7 5.7

9.3 -2.2 0.0 0.0 -0.5 8.5 3.5

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

2.9 14.7 4.4 41.2

0.8 37.3 9.2 77.2

5.6 8.6 1.9 17.1

4.1 17.4 3.9 33.4

2.8 19.9 4.6 47.8

3.7 26.6 6.9 47.7

5.1 14.9 3.5 27.3

3.8 15.1 2.9 32.7

6.3 11.0 1.5 15.0

.. .. .. ..

2.5 15.5 4.7 44.2

0.8 37.3 9.2 77.2

5.1 9.3 1.7 19.7

2.3 27.9 6.6 55.4

1.6 24.4 5.7 60.2

2.5 34.7 9.3 63.3

2.7 27.2 9.0 58.1

1.7 30.2 7.8 66.2

0.0 0.0 0.0 0.0

.. .. .. ..

7.5 6.6 1.1 6.9

0.0 0.0 0.0 0.0

6.2 7.6 2.2 13.7

6.2 6.0 0.9 9.5

6.7 5.4 1.0 8.3

6.6 7.4 1.1 10.1

5.9 10.8 1.7 17.1

4.3 11.6 1.7 24.7

6.3 11.0 1.5 15.0

.. 22 16 27 33 36 38 .. 20 16 15 17 28 27 .. 2 0 12 16 9 11 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

29 7 22

119 23 97

1 0 1

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

63.2 27.7 7.5

40.7 27.4 7.8

19.7 24.6 7.4

11.1 23.0 6.8

4.8 22.4 6.2

2.9 22.7 5.4

1.5 24.0 4.7

0.6 23.5 4.0

0.0 22.6 3.3

0.0 17.4 2.6

21.1 10.5 3.0

16.6 11.0 3.0

11.5 11.3 3.0

7.7 9.7 2.9

4.8 9.1 2.8

2.9 9.6 2.7

1.5 10.9 2.6

0.6 10.7 2.4

0.0 10.4 2.3

0.0 9.9 2.1

6.4 5.0 0.8

5.4 5.2 0.8

3.7 5.2 0.7

2.3 4.9 0.6

1.3 3.1 0.5

0.7 3.1 0.5

0.4 3.1 0.4

0.1 3.2 0.3

0.0 2.7 0.3

0.0 2.1 0.2

14.7 5.5 2.2

11.2 5.8 2.3

7.8 6.1 2.3

5.4 4.8 2.3

3.5 6.0 2.3

2.1 6.5 2.2

1.1 7.8 2.2

0.5 7.5 2.1

0.0 7.7 2.0

0.0 7.7 1.9

42.1 17.2 4.4

24.1 16.4 4.8

8.1 13.3 4.4

3.3 13.3 3.9

0.0 13.3 3.3

0.0 13.1 2.7

0.0 13.1 2.1

0.0 12.8 1.5

0.0 12.2 1.0

0.0 7.6 0.5

42.1 15.5 4.3

24.1 15.3 4.7

8.1 13.3 4.4

3.3 13.3 3.9

0.0 13.3 3.3

0.0 13.1 2.7

0.0 13.1 2.1

0.0 12.8 1.5

0.0 12.2 1.0

0.0 7.6 0.5

0.0 1.7 0.2

0.0 1.2 0.1

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

344 MALI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

249 238 238 0 9 3 3 3 0 12 7 6 0

727 664 664 0 39 24 1 1 0 75 73 2 0

2,468 2,337 2,337 0 69 62 9 9 0 63 63 0 86

3,152 2,702 2,702 0 176 275 43 43 0 632 632 0 88

3,205 2,833 2,833 0 186 185 42 42 0 550 550 0 64

3,196 2,814 2,814 0 193 189 44 44 0 545 545 0 63

2,980 2,671 2,671 0 176 134 42 42 0 541 541 0 61

2,917 2,642 2,642 0 171 104 57 57 0 540 540 0 43

2,834 2,518 2,518 0 166 151 7 7 0 108 108 0 133

3,129 2,910 2,910 0 169 50 6 6 0 115 115 0 163

24 23 2 4 0 4 20 0 0 0 0 0 20 5 1 4 0

109 95 14 9 6 3 99 -1 7 3 1 3 92 16 9 4 3

195 167 28 44 25 18 159 8 24 17 4 3 135 68 43 22 3

156 128 28 49 42 7 293 186 36 20 1 15 257 85 62 8 15

111 96 14 55 44 11 -33 -89 27 18 1 8 -60 82 62 12 8

144 121 23 75 64 12 70 2 30 21 1 8 40 106 85 13 8

109 100 9 66 50 16 -11 -53 27 18 1 9 -38 94 68 17 9

137 114 23 62 47 15 30 -45 19 15 1 3 11 81 62 16 3

152 143 9 58 40 18 191 97 25 21 1 3 166 83 61 19 3

216 198 18 56 38 18 59 -100 20 17 1 2 39 77 56 19 2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

34 23 0 0 12 8 34 0

195 89 2 0 104 77 185 10

348 142 6 0 201 93 344 5

360 86 63 0 211 125 297 63

263 52 9 0 202 108 254 9

272 57 2 23 190 108 247 25

359 50 82 0 226 120 276 83

393 67 122 14 191 91 258 135

575 104 244 -2 229 123 333 242

582 159 129 0 294 128 453 129

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

34 0 0 34 0

192 3 0 182 9

327 17 4 327 0

321 20 19 276 44

209 18 36 236 -27

195 21 56 226 -31

265 18 76 258 7

237 15 141 243 -5

326 21 227 312 14

325 17 240 436 -111

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

354 .. 0 .. 1 ..

1,768 322 59 537 26 -124

2,546 746 84 943 403 -164

2,526 788 86 1,072 350 -252

2,392 729 73 1,023 381 -237

2,464 981 88 1,344 349 -310

3,103 1,207 138 1,376 594 -149

4,156 .. 138 1,514 909 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 70.3 .. .. 0.1 0.4 .. 1.1 93.0 2.4

225.7 41.1 5.1 2.3 0.4 3.5 0.6 3.3 84.4 23.6

429.3 125.9 11.0 3.6 1.1 12.6 5.1 5.8 82.8 49.0

405.4 126.5 13.4 3.8 1.2 10.9 3.9 5.9 82.7 50.5

408.8 124.6 12.9 3.8 1.1 12.8 4.5 4.5 84.1 50.8

297.5 118.4 8.2 2.0 0.8 12.0 3.1 3.5 85.1 52.2

234.8 91.3 6.9 2.1 0.8 21.0 5.2 5.3 87.7 61.9

.. 75.3 .. .. 0.5 29.0 7.2 1.6 91.9 66.2

3. MAJOR ECONOMIC AGGREGATES 2,405 549 107 889 198 -221

2,422 751 92 966 415 -178

4. DEBT INDICATORS 449.3 102.6 12.3 4.4 1.0 8.0 2.7 2.5 91.1 36.3

419.7 130.1 11.3 4.8 1.5 13.2 5.2 8.7 83.6 46.1

345 MALI (US$ million, unless otherwise indicated) 1970

1980

1990

238 238 231 6 6 226 226 6 0 1 5 0 0 0

664 664 629 172 163 457 451 35 0 11 25 0 0 0

2,337 2,337 2,321 897 875 1,424 1,373 16 0 0 16 0 0 0

0 6

0 121

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

23 23 23 1 1 22 22 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

2,702 2,702 2,702 1,454 1,424 1,248 1,212 0 0 0 0 0 0 0

2,833 2,833 2,833 1,571 1,543 1,263 1,112 0 0 0 0 0 0 0

2,814 2,814 2,814 1,614 1,592 1,200 1,053 0 0 0 0 0 0 0

2,671 2,671 2,671 1,513 1,495 1,158 1,012 0 0 0 0 0 0 0

2,642 2,642 2,642 1,523 1,507 1,120 974 0 0 0 0 0 0 0

2,518 2,518 2,518 1,755 1,741 763 744 0 0 0 0 0 0 0

2,910 2,910 2,910 2,071 2,057 839 820 0 0 0 0 0 0 0

0 498

0 939

0 1,009

0 1,035

0 957

0 981

0 1,134

0 1,322

95 95 85 35 30 50 45 10 0 5 5 0 0 0

167 167 167 115 111 52 52 0 0 0 0 0 0 0

128 128 128 115 114 13 13 0 0 0 0 0 0 0

96 96 96 91 90 6 6 0 0 0 0 0 0 0

121 121 121 112 112 8 8 0 0 0 0 0 0 0

100 100 100 85 85 14 14 0 0 0 0 0 0 0

114 114 114 104 103 10 10 0 0 0 0 0 0 0

143 143 143 127 127 17 17 0 0 0 0 0 0 0

198 198 198 174 173 24 24 0 0 0 0 0 0 0

0 1

0 19

0 43

0 75

0 48

0 57

0 49

0 70

0 91

0 95

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

6 6 4 0 0 3 3 2 0 1 1 0 0 0

25 25 24 14 13 11 10 1 0 0 1 0 0 0

42 42 42 27 24 15 14 0 0 0 0 0 0 0

44 44 44 29 25 15 14 0 0 0 0 0 0 0

64 64 64 33 29 31 29 0 0 0 0 0 0 0

50 50 50 26 23 24 23 0 0 0 0 0 0 0

47 47 47 23 20 24 23 0 0 0 0 0 0 0

40 40 40 21 19 18 17 0 0 0 0 0 0 0

38 38 38 26 23 12 11 0 0 0 0 0 0 0

0 0

0 0

0 2

0 7

0 9

0 11

0 7

0 6

0 3

0 5

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

23 23 23 1 1 21 21 0 0 0 0 0 0 0

89 89 81 35 30 46 42 8 0 4 4 0 0 0

142 142 143 101 98 42 42 -1 0 0 -1 0 0 0

86 86 86 87 90 -2 -1 0 0 0 0 0 0 0

52 52 52 62 65 -9 -8 0 0 0 0 0 0 0

57 57 57 80 84 -23 -21 0 0 0 0 0 0 0

50 50 50 59 62 -10 -9 0 0 0 0 0 0 0

67 67 67 81 83 -14 -13 0 0 0 0 0 0 0

104 104 104 105 108 -2 0 0 0 0 0 0 0 0

159 159 159 147 150 12 13 0 0 0 0 0 0 0

0 1

0 19

0 41

0 67

0 39

0 46

0 42

0 65

0 88

0 90

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

346 MALI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 3 2 1 1 1 1 1 0 1 0 0 0 0

17 17 17 10 8 7 6 1 0 0 1 0 0 0

20 20 20 14 13 7 5 0 0 0 0 0 0 0

18 18 18 12 12 6 4 0 0 0 0 0 0 0

21 21 21 15 14 7 5 0 0 0 0 0 0 0

18 18 18 12 12 5 4 0 0 0 0 0 0 0

15 15 15 11 11 4 4 0 0 0 0 0 0 0

21 21 21 15 15 6 6 0 0 0 0 0 0 0

17 17 17 14 14 3 3 0 0 0 0 0 0 0

0 0

0 1

0 3

0 7

0 7

0 7

0 7

0 7

0 7

0 8

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

22 22 22 1 1 21 21 0 0 0 0 0 0 0

86 86 79 34 28 45 41 7 0 3 4 0 0 0

124 124 126 92 90 34 37 -2 0 0 -2 0 0 0

65 65 65 74 78 -9 -6 0 0 0 0 0 0 0

34 34 34 49 53 -15 -13 0 0 0 0 0 0 0

36 36 36 65 70 -30 -26 0 0 0 0 0 0 0

32 32 32 47 50 -15 -13 0 0 0 0 0 0 0

52 52 52 70 73 -19 -16 0 0 0 0 0 0 0

82 82 82 90 93 -8 -6 0 0 0 0 0 0 0

142 142 142 133 136 9 9 0 0 0 0 0 0 0

0 1

0 18

0 38

0 61

0 32

0 39

0 36

0 58

0 81

0 82

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 0 0 1 1 0 0 0 0 0 0 0

9 9 6 2 1 4 4 3 0 2 1 0 0 0

43 43 41 23 21 18 15 2 0 0 2 0 0 0

62 62 62 41 37 22 19 0 0 0 0 0 0 0

62 62 62 41 37 21 18 0 0 0 0 0 0 0

85 85 85 47 43 38 34 0 0 0 0 0 0 0

68 68 68 38 35 29 27 0 0 0 0 0 0 0

62 62 62 33 30 29 27 0 0 0 0 0 0 0

61 61 61 36 33 25 22 0 0 0 0 0 0 0

56 56 56 40 37 15 15 0 0 0 0 0 0 0

0 0

0 1

0 5

0 14

0 16

0 18

0 14

0 13

0 10

0 13

54 50 4

368 361 7

637 637 0

603 603 0

582 582 0

593 593 0

702 702 0

839 839 0

824 824 0

765 759 6

231 0 238 0

613 0 664 0

2,248 6 2,331 6

2,636 2 2,702 0

2,654 1 2,833 0

2,645 1 2,814 0

2,507 0 2,671 0

2,482 0 2,642 0

2,485 0 2,518 0

2,876 0 2,910 0

.. 0.1 14.1 2.9 1.8 1.5 33.9 18.8 0.0 26.9

14.2 .. .. 2.5 1.7 1.5 35.8 17.9 0.0 26.4

16.8 .. .. 2.8 2.0 1.9 43.8 20.9 0.0 11.8

16.4 .. .. 2.6 1.9 1.8 44.2 20.0 0.1 13.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 2.8 16.9 0.0 37.5 5.9 4.9 0.4 0.0 31.5

.. 0.9 21.3 0.0 11.5 5.6 11.6 6.4 0.0 42.7

.. 0.2 36.7 0.3 2.6 2.3 14.8 15.3 0.0 27.8

.. 0.1 18.8 2.7 1.9 1.7 25.8 18.5 0.0 30.6

.. 0.1 18.4 2.8 1.8 1.7 30.8 19.0 0.0 25.2

.. 0.1 16.8 3.2 1.8 1.5 32.1 19.0 0.0 25.5

347 MALI (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 3 1 74 45

0 0 0 0 0 0 0 0 16 2 1 0

350 206 124 124 0 0 0 0 451 44 0 0

0 0 0 0 0 0 0 0 24 5 0 0

-9 70 2 0 0 -76 -5

-216 -11 -2 0 -32 -182 10

-63 30 15 0 -16 -74 -18

-83 191 -50 0 -451 159 68

295 59 0 0 -24 209 51

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 20 .. .. .. .. ..

.. 11 0 115 .. 0 0 110 .. 7 0 1 .. 4 0 1 .. 3 0 0 .. 5 0 2 .. 4 0 2 .. 1 0 0 .. 2 0 4 .. 2 0 0 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 53 .. 340 146 99 159 293 -33 .. 8 10 -1 5 0 2 .. .. -2 0 -4 .. 119 -213 -30 51 56 118 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

1.1 25.0 9.5 68.2

2.2 23.0 5.5 50.5

1.0 29.9 8.4 67.6

1.1 43.2 9.8 76.8

1.6 28.4 7.6 64.4

2.1 30.0 7.9 58.3

0.6 34.9 8.8 76.6

0.9 37.7 10.1 77.6

0.9 39.2 8.5 75.5

1.3 40.3 8.9 73.1

0.3 27.4 10.6 76.4

1.8 23.9 5.6 53.2

1.0 29.9 8.4 67.6

1.1 43.2 9.8 76.8

1.6 28.4 7.6 64.4

2.1 30.0 7.9 58.3

0.6 34.9 8.8 76.6

0.9 37.7 10.1 77.6

0.9 39.2 8.5 75.5

1.1 42.4 9.4 76.2

6.7 8.5 1.6 11.5

9.9 6.3 2.2 -0.4

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

3.2 8.7 2.2 26.2

34 146 123 136 51 150 245 30 138 123 136 51 150 245 4 7 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

274 274 0

83 83 0

85 80 5

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

166 90 29

183 98 30

140 107 31

103 114 30

72 115 29

45 115 28

31 120 27

15 126 25

8 128 24

1 127 22

164 90 29

182 98 30

139 106 30

102 113 30

72 115 29

45 114 28

31 119 26

15 125 25

8 127 24

1 127 22

25 36 8

26 38 8

17 41 8

11 43 7

6 43 7

3 39 7

2 41 6

1 43 6

0 42 5

0 40 5

139 54 21

156 60 22

122 65 23

92 70 22

66 71 22

42 74 21

28 77 20

13 82 19

8 85 19

1 87 18

3 0 0

2 0 0

1 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 0 0

3 0 0

2 0 0

1 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 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

348 MAURITANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

26 26 26 0 0 0 0 0 0 0 0 0 0

839 713 713 0 61 65 10 9 1 44 24 21 0

2,113 1,806 1,806 0 70 238 63 57 7 142 121 21 230

2,493 2,077 2,077 0 113 304 86 86 0 194 194 0 204

2,391 2,049 2,049 0 110 232 84 84 0 362 362 0 126

2,532 2,148 2,148 0 107 278 130 130 0 405 405 0 85

2,488 2,142 2,142 0 98 248 109 109 0 331 331 0 86

2,291 1,945 1,945 0 105 242 91 91 0 258 258 0 65

2,269 1,944 1,944 0 113 212 99 99 0 310 310 0 66

2,360 2,084 2,084 0 104 172 108 108 0 226 226 0 48

4 4 0 3 3 0 1 0 0 0 0 0 1 4 4 0 0

155 125 30 26 17 9 139 10 22 13 2 7 118 48 30 11 7

148 136 12 98 83 16 102 53 47 35 3 9 55 146 118 19 9

107 87 20 70 62 7 156 119 44 35 1 8 112 114 97 8 8

55 55 0 68 62 7 -84 -71 41 33 1 8 -126 110 94 7 8

57 49 8 69 60 9 -11 1 36 28 1 7 -47 105 88 10 7

123 115 8 53 47 6 61 -9 32 20 1 11 29 85 67 7 11

102 79 23 45 40 5 69 12 30 22 1 7 39 75 62 6 7

133 117 16 36 30 6 59 -38 19 14 1 4 40 54 44 6 4

128 127 1 38 30 8 41 -49 17 14 0 2 24 55 44 9 2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

5 1 1 0 3 4 6 -1

197 108 27 0 61 29 170 27

138 54 7 0 78 50 133 5

178 25 1 0 152 42 179 -1

125 -6 0 0 131 36 127 -2

155 -11 1 0 165 37 156 -1

233 68 40 0 125 33 195 38

303 39 92 0 172 35 214 89

442 87 118 0 237 35 320 121

466 97 214 0 155 42 248 218

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

4 0 0 5 -1

161 13 23 161 1

103 35 1 98 4

141 35 2 145 -4

91 33 1 96 -5

127 28 0 130 -3

212 20 0 176 36

281 22 0 193 88

427 14 0 306 121

452 14 0 234 217

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

196 .. 0 .. 3 ..

672 275 6 493 146 -133

962 397 2 505 206 77

921 .. 2 .. 228 ..

959 .. 2 .. 283 ..

959 .. 2 .. 288 ..

1,127 .. 2 .. 400 ..

1,159 .. 2 .. 420 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 13.4 .. .. 0.2 12.2 .. 0.0 52.0 21.4

304.9 125.0 17.3 7.9 3.2 17.4 3.6 7.7 62.6 14.8

601.8 248.4 27.7 10.4 4.3 8.6 4.9 9.7 72.0 41.6

.. 274.8 .. .. 3.9 9.0 .. 11.0 70.6 38.4

.. 259.6 .. .. 3.3 11.4 .. 10.0 73.2 39.9

.. 238.9 .. .. 3.1 12.6 .. 10.6 75.9 45.3

.. 201.3 .. .. 1.7 17.6 .. 9.3 78.7 49.9

.. 203.6 .. .. 1.4 17.8 .. 7.3 83.1 55.7

3. MAJOR ECONOMIC AGGREGATES 1,076 488 14 570 59 -10

1,045 463 3 557 204 48

4. DEBT INDICATORS 432.9 196.4 29.8 9.7 4.4 2.8 1.2 11.2 60.8 31.0

539.0 238.7 24.5 9.5 4.2 8.2 4.4 12.2 68.4 37.7

349 MAURITANIA (US$ million, unless otherwise indicated) 1970

1980

1990

26 26 18 6 6 13 8 8 0 0 8 0 0 0

713 713 582 125 106 458 420 131 0 16 114 0 0 0

1,806 1,806 1,709 654 453 1,055 831 97 0 0 97 0 0 0

0 5

0 38

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 4 2 2 2 2 1 0 0 1 0 0 0

1997

1998

1999

2000

2001

2002

2003

2,077 2,077 2,053 939 776 1,114 928 24 0 0 24 0 0 0

2,049 2,049 2,027 994 835 1,033 886 22 0 0 22 0 0 0

2,148 2,148 2,128 971 838 1,157 951 20 0 0 20 0 0 0

2,142 2,142 2,123 994 878 1,129 943 19 0 0 19 0 0 0

1,945 1,945 1,940 1,037 945 903 794 4 0 1 3 0 0 0

1,944 1,944 1,939 1,132 1,062 806 723 6 0 6 0 0 0 0

2,084 2,084 2,076 1,314 1,233 762 727 8 0 8 0 0 0 0

54 210

6 372

4 408

2 415

0 449

0 475

0 547

0 634

125 125 112 27 12 85 84 13 0 0 13 0 0 0

136 136 136 112 65 24 24 0 0 0 0 0 0 0

87 87 87 79 74 8 6 0 0 0 0 0 0 0

55 55 55 50 47 5 5 0 0 0 0 0 0 0

49 49 49 46 43 3 3 0 0 0 0 0 0 0

115 115 115 106 98 9 9 0 0 0 0 0 0 0

79 79 79 77 76 2 2 0 0 0 0 0 0 0

117 117 113 99 93 14 14 4 0 4 0 0 0 0

127 127 123 116 97 7 7 4 0 4 0 0 0 0

0 1

0 4

0 39

0 34

0 24

0 19

0 57

0 48

0 41

0 42

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 1 0 0 1 0 2 0 0 2 0 0 0

17 17 4 2 1 2 2 13 0 5 9 0 0 0

83 83 81 66 15 15 11 1 0 0 1 0 0 0

62 62 61 39 19 22 20 2 0 0 2 0 0 0

62 62 60 38 22 22 19 2 0 0 2 0 0 0

60 60 58 44 24 14 12 2 0 0 2 0 0 0

47 47 45 34 21 11 8 2 0 0 2 0 0 0

40 40 37 22 14 15 13 3 0 0 3 0 0 0

30 30 30 17 10 13 13 0 0 0 0 0 0 0

30 30 30 14 9 16 16 0 0 0 0 0 0 0

0 0

0 0

11 1

2 2

2 3

2 3

2 1

0 2

0 1

0 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 3 2 2 1 1 -2 0 0 -2 0 0 0

108 108 108 25 12 83 82 0 0 -5 5 0 0 0

54 54 55 46 49 9 14 -1 0 0 -1 0 0 0

25 25 26 41 55 -14 -14 -2 0 0 -2 0 0 0

-6 -6 -4 12 25 -16 -14 -2 0 0 -2 0 0 0

-11 -11 -9 2 19 -11 -9 -2 0 0 -2 0 0 0

68 68 70 72 77 -2 1 -2 0 0 -2 0 0 0

39 39 42 55 63 -13 -11 -3 0 0 -3 0 0 0

87 87 83 82 83 1 1 4 0 4 0 0 0 0

97 97 93 102 88 -8 -8 4 0 4 0 0 0 0

0 1

0 4

-11 38

-2 32

-2 21

-2 16

-2 57

0 45

0 41

0 41

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

350 MAURITANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

13 13 9 3 2 6 6 4 0 2 2 0 0 0

35 35 34 20 7 14 6 1 0 0 1 0 0 0

35 35 34 19 11 14 9 2 0 0 2 0 0 0

33 33 30 18 10 13 8 2 0 0 2 0 0 0

28 28 26 19 11 7 4 2 0 0 2 0 0 0

20 20 19 14 10 5 3 2 0 0 2 0 0 0

22 22 21 12 9 9 6 1 0 0 1 0 0 0

14 14 14 11 8 4 4 0 0 0 0 0 0 0

14 14 14 11 9 3 3 0 0 0 0 0 0 0

0 0

0 0

4 1

0 3

0 3

0 3

0 2

0 3

0 3

0 4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 3 2 2 0 1 -2 0 0 -2 0 0 0

96 96 99 23 9 77 75 -4 0 -7 3 0 0 0

19 19 21 25 43 -5 8 -2 0 0 -2 0 0 0

-10 -10 -7 21 45 -29 -23 -3 0 0 -3 0 0 0

-39 -39 -35 -6 15 -29 -21 -4 0 0 -4 0 0 0

-39 -39 -35 -17 9 -18 -13 -4 0 0 -4 0 0 0

48 48 52 58 67 -7 -2 -4 0 0 -4 0 0 0

17 17 21 43 54 -22 -16 -4 0 0 -4 0 0 0

73 73 69 71 75 -2 -2 4 0 4 0 0 0 0

83 83 79 90 79 -11 -11 3 0 3 0 0 0 0

0 1

0 4

-16 37

-2 29

-2 18

-2 13

-2 55

0 43

0 38

0 37

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 1 0 0 1 1 2 0 0 2 0 0 0

30 30 13 4 3 8 8 17 0 7 10 0 0 0

118 118 116 87 22 29 17 2 0 0 2 0 0 0

97 97 94 58 29 36 29 3 0 0 3 0 0 0

94 94 90 56 32 34 27 4 0 0 4 0 0 0

88 88 84 63 35 21 16 4 0 0 4 0 0 0

67 67 63 47 30 16 11 4 0 0 4 0 0 0

62 62 58 34 23 24 18 4 0 0 4 0 0 0

44 44 44 28 18 16 16 0 0 0 0 0 0 0

44 44 44 26 18 18 18 0 0 0 0 0 0 0

0 0

0 1

16 2

2 5

2 6

2 6

2 3

0 5

0 4

0 5

16 11 5

682 653 29

621 616 5

352 352 0

376 376 0

426 426 0

365 365 0

574 565 10

492 486 6

461 459 2

14 0 26 0

526 17 713 0

1,284 144 1,806 0

1,705 142 2,077 0

1,721 97 2,049 0

1,789 167 2,148 0

1,821 156 2,142 0

1,738 96 1,945 0

1,785 73 1,944 0

1,960 91 2,084 0

.. 0.4 6.6 3.4 0.4 0.0 38.7 1.0 2.2 47.3

13.8 .. .. 3.3 0.4 0.0 37.7 1.0 2.4 41.3

9.6 .. .. 3.5 0.0 0.0 39.8 1.0 2.6 43.5

3.5 .. .. 3.6 0.0 0.0 40.9 0.9 2.6 48.4

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 49.2 0.0 0.0 0.0 23.7 2.7 0.0 24.4

.. 3.1 7.2 0.0 0.2 0.3 43.1 3.0 0.0 43.2

.. 0.6 6.0 1.3 0.6 0.0 34.3 4.2 2.1 50.9

.. 0.5 8.7 3.4 0.6 0.0 37.5 1.5 2.4 45.6

.. 0.5 9.4 3.7 0.5 0.0 35.8 1.4 2.5 46.1

.. 0.4 7.6 3.9 0.5 0.0 38.3 1.2 2.4 45.7

351 MAURITANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 11 12 0 133 .. 0 0 0 0 .. 7 5 1 0 .. 5 5 1 0 .. 3 0 0 0 .. 4 3 0 0 .. 4 3 0 0 .. 1 0 0 0 .. 70 9 0 0 .. 1 2 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 142 37 -103 141 -84 -11 139 102 156 5 -1 45 .. 21 .. 4 3 0 0 .. -70 -9 0 0 50 -143 11 -62 .. .. 34 26 -29 169 9. AVERAGE TERMS OF NEW COMMITMENTS

131 3 92 92 0 18 18 0 31 17 0 0

74 68 1 1 0 1 1 0 19 7 0 0

109 95 1 1 0 1 1 0 22 5 153 0

213 131 37 37 0 11 11 0 20 5 129 0

-44 61 -20 18 -31 -71 -1

-197 69 -19 1 -19 -50 -179

-23 59 8 1 -175 114 -30

91 41 9 11 -149 111 68

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 1 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

6.0 10.6 3.0 18.9

3.6 22.3 9.1 47.5

3.1 31.2 8.5 56.8

2.3 30.0 6.4 59.2

1.8 25.4 6.5 57.4

1.0 39.7 9.8 77.6

1.5 33.7 8.7 69.5

1.7 34.2 9.3 69.1

1.8 26.5 7.3 61.9

1.3 33.8 8.0 67.2

3.2 20.9 5.4 44.4

2.7 24.5 10.4 55.2

3.1 31.2 8.5 56.8

2.3 30.0 6.4 59.2

1.8 25.4 6.5 57.4

1.0 39.7 9.8 77.6

1.5 33.7 8.7 69.5

1.5 35.0 9.6 70.7

1.8 26.5 7.3 61.9

1.3 33.8 8.0 67.2

6.7 8.2 2.4 13.2

7.7 11.4 2.9 10.0

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

5.8 9.8 1.8 16.6

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

7 211 216 113 60 115 79 1 175 216 113 60 115 79 6 36 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

314 304 10

45 45 0

81 81 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

92 59 24

90 61 24

70 62 23

55 58 22

43 59 22

29 63 21

21 65 20

12 66 18

8 68 18

5 70 17

91 58 24

89 60 24

70 61 23

55 56 22

43 58 21

29 62 20

21 64 20

12 65 18

8 68 18

5 70 17

9 22 8

7 22 7

4 21 7

3 17 7

2 17 7

1 20 6

1 19 6

1 18 6

0 18 5

0 19 5

81 35 16

83 38 16

65 40 16

53 40 15

42 41 15

28 42 14

20 45 14

12 47 13

8 50 12

5 52 12

1 1 1

1 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 0 0

0 0 0

1 1 1

1 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1 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

352 MAURITIUS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

32 32 32 0 0 0 0 0 0 0 0 0 0

467 318 294 24 102 47 0 0 0 2 2 0 0

984 910 762 147 22 52 2 1 1 5 4 1 201

1,837 1,341 1,152 189 0 496 0 0 0 0 0 0 286

1,856 1,283 1,126 157 0 573 0 0 0 0 0 0 94

1,847 1,274 1,138 136 0 573 0 0 0 0 0 0 81

1,720 953 834 118 0 767 0 0 0 0 0 0 40

1,723 851 764 87 0 872 0 0 0 0 0 0 24

1,808 916 837 79 0 892 0 0 0 0 0 0 16

2,550 1,000 927 72 0 1,550 0 0 0 0 0 0 26

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2 2 0 5 1 4 -3 0 2 2 0 0 -5 7 3 4 0

143 97 46 19 19 0 104 -20 34 23 3 8 70 52 41 3 8

161 161 0 103 60 44 76 18 52 43 5 5 23 156 103 48 5

193 193 0 136 136 0 134 77 87 63 0 23 47 223 199 0 23

60 60 0 153 153 0 -16 77 89 62 0 27 -105 242 215 0 27

145 145 0 107 107 0 38 0 84 56 0 27 -46 191 163 0 27

132 132 0 402 402 0 -75 194 84 52 0 32 -159 485 453 0 32

71 71 0 133 133 0 43 106 69 38 0 31 -26 202 170 0 31

177 177 0 186 186 0 11 20 65 35 0 30 -54 251 221 0 30

112 112 0 141 141 0 629 658 94 37 0 58 535 235 177 0 58

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

5 1 2 0 3 2 4 1

93 79 1 0 13 11 45 48

167 101 41 0 25 20 82 85

158 57 55 31 15 23 12 146

-63 -93 12 5 13 18 10 -73

84 38 49 -15 12 18 7 77

2 -269 266 -4 9 16 0 1

-87 -62 -28 -9 11 16 -23 -64

41 -9 32 -1 19 18 80 -39

55 -29 63 8 13 21 -34 88

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

4 2 0 3 0

69 23 1 37 32

102 43 23 49 53

87 63 8 -17 104

-138 62 13 -17 -121

23 56 4 -19 42

-58 52 8 -22 -36

-130 38 5 -44 -86

-4 35 10 60 -64

-5 37 24 -56 51

.. .. 0 .. 46 ..

1,130 579 0 718 113 -117

4,119 2,634 180 2,726 577 3

4,152 2,668 178 2,896 749 -124

4,389 2,671 177 2,772 914 -37

4,538 2,925 215 2,717 853 276

4,534 3,030 215 2,872 1,249 249

5,222 3,266 215 3,200 1,603 122

.. .. .. .. .. 145.5 .. 0.0 17.4 17.8

80.8 41.3 9.0 5.8 3.0 24.1 1.9 10.1 13.8 16.6

70.5 45.1 9.2 3.4 2.2 31.1 2.5 30.9 19.1 14.0

69.2 44.5 7.1 3.1 2.0 40.5 3.1 31.0 17.1 13.5

64.4 39.2 18.2 3.1 1.9 53.2 4.0 44.6 17.4 12.9

58.9 38.0 6.9 2.4 1.5 49.5 3.8 50.6 15.9 11.1

59.7 39.9 8.3 2.1 1.4 69.0 5.2 49.3 16.5 15.5

78.1 48.8 7.2 2.9 1.8 62.9 6.0 60.8 13.1 11.1

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

2,363 1,778 0 1,994 761 -119

4,350 2,541 168 2,757 711 -89

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

55.3 41.6 8.8 2.9 2.2 77.4 4.6 5.3 35.7 31.6

72.3 42.2 8.8 3.4 2.0 38.7 3.1 27.0 18.8 13.3

353 MAURITIUS (US$ million, unless otherwise indicated) 1970

1980

1990

32 32 21 6 0 16 6 10 8 2 0 0 0 0

318 294 154 78 25 76 39 141 0 138 3 24 0 24

910 762 647 311 64 336 288 115 0 102 13 147 0 147

6 0

35 20

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 1 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,341 1,152 554 245 60 310 285 598 150 392 56 189 0 189

1,283 1,126 581 261 60 321 294 545 150 342 52 157 0 157

1,274 1,138 541 249 60 292 256 597 150 400 47 136 0 136

953 834 500 221 64 279 236 334 0 324 10 118 0 118

851 764 440 191 56 249 218 325 0 281 43 87 0 87

916 837 597 281 67 316 232 240 0 189 52 79 0 79

1,000 927 617 282 76 335 257 310 0 255 55 72 0 72

176 19

111 15

112 15

107 14

86 13

71 13

94 12

85 12

97 93 36 18 3 18 13 56 0 56 0 4 0 4

161 104 96 23 7 74 65 8 0 0 7 57 0 57

193 182 75 42 3 33 27 107 0 87 20 11 0 11

60 56 49 32 1 18 12 7 0 7 0 4 0 4

145 144 48 23 9 24 10 96 0 96 0 1 0 1

132 123 47 22 9 26 16 76 0 76 0 9 0 9

71 62 26 8 3 18 18 36 0 0 36 8 0 8

177 166 134 108 11 26 11 32 0 28 5 11 0 11

112 102 32 11 7 22 21 70 0 70 0 10 0 10

0 0

7 1

6 0

17 0

13 0

5 0

4 0

4 0

41 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 0 0 0 0 1 0 1 0 0 0 0

19 15 5 2 0 3 1 9 0 8 1 4 0 4

60 44 39 22 3 17 12 4 0 4 0 16 0 16

136 112 78 31 3 48 44 34 0 19 15 24 0 24

153 117 52 29 4 24 19 65 0 57 8 36 0 36

107 94 53 30 4 22 19 42 0 33 8 13 0 13

402 386 56 34 4 21 19 330 150 146 34 16 0 16

133 102 60 25 4 35 24 41 0 39 2 31 0 31

186 158 72 35 4 37 26 86 0 83 3 28 0 28

141 118 78 31 4 47 30 40 0 36 4 23 0 23

0 0

2 0

16 0

21 1

19 1

18 1

18 1

12 1

22 1

13 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 0 0 2 0 -1 0 -1 0 0 0 0

79 78 31 16 3 15 11 47 0 48 -1 0 0 0

101 60 57 0 4 56 53 3 0 -4 7 41 0 41

57 70 -3 12 0 -15 -17 73 0 68 5 -13 0 -13

-93 -61 -3 3 -3 -6 -7 -58 0 -50 -8 -32 0 -32

38 49 -5 -7 5 2 -9 55 0 63 -8 -12 0 -12

-269 -263 -8 -13 5 4 -3 -254 -150 -70 -34 -6 0 -6

-62 -40 -34 -17 -1 -18 -6 -5 0 -39 34 -23 0 -23

-9 8 62 73 7 -11 -15 -54 0 -55 2 -17 0 -17

-29 -16 -46 -21 3 -26 -9 31 0 34 -4 -13 0 -13

0 0

5 1

-10 0

-4 -1

-6 -1

-12 -1

-14 -1

-8 -1

20 -1

-13 -1

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

354 MAURITIUS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

2 2 1 0 0 1 0 1 1 0 0 0 0 0

23 20 7 4 0 3 1 13 0 13 0 2 0 2

43 37 33 19 1 14 9 4 0 3 1 6 0 6

63 61 29 13 1 16 14 32 10 20 2 2 0 2

62 61 28 12 1 16 14 34 10 21 3 1 0 1

56 55 26 11 1 14 13 30 9 18 2 1 0 1

52 51 23 9 1 14 11 29 5 22 2 1 0 1

38 37 21 8 1 13 10 16 0 15 0 1 0 1

35 34 20 7 1 13 10 14 0 12 2 1 0 1

37 35 23 7 1 16 11 13 0 11 2 1 0 1

0 0

3 0

14 0

8 0

7 0

6 0

5 0

4 0

3 0

2 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-1 -1 1 -1 0 1 0 -1 -1 -1 0 0 0 0

56 58 24 12 3 12 11 34 0 35 -1 -2 0 -2

58 23 24 -19 3 43 44 -1 0 -7 7 35 0 35

-6 9 -32 -2 -1 -31 -31 41 -10 48 3 -15 0 -15

-155 -122 -31 -9 -3 -22 -21 -91 -10 -71 -10 -33 0 -33

-18 -6 -31 -18 4 -13 -22 25 -9 45 -11 -12 0 -12

-321 -314 -31 -22 4 -9 -13 -283 -155 -92 -36 -7 0 -7

-100 -76 -55 -25 -2 -30 -16 -21 0 -55 34 -24 0 -24

-44 -26 41 66 6 -24 -26 -67 0 -67 0 -18 0 -18

-65 -51 -69 -27 2 -41 -20 18 0 23 -6 -14 0 -14

-1 0

2 1

-24 0

-12 -1

-13 -1

-19 -1

-19 -1

-12 -1

17 -1

-14 -1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 2 1 0 1 0 1 1 1 0 0 0 0

41 35 12 6 0 6 2 22 0 21 1 6 0 6

103 81 72 42 3 31 21 8 0 7 1 22 0 22

199 173 107 44 4 64 58 66 10 39 17 26 0 26

215 178 80 40 4 39 33 98 10 77 10 37 0 37

163 150 79 42 5 37 32 71 9 52 11 14 0 14

453 437 78 43 5 35 30 359 155 168 36 16 0 16

170 138 81 33 5 48 34 57 0 55 3 32 0 32

221 192 93 42 5 51 37 100 0 95 5 28 0 28

177 153 101 38 5 63 41 52 0 47 6 24 0 24

1 0

4 0

30 0

29 1

25 1

24 1

23 1

16 1

24 1

14 1

15 15 0

175 171 3

245 232 13

333 282 51

310 264 46

260 218 42

217 181 36

362 294 68

416 389 27

413 386 27

6 2 32 0

65 149 294 24

351 281 762 147

345 732 1,152 189

354 675 1,126 157

316 641 1,138 136

299 397 834 118

274 348 764 87

299 378 837 79

333 427 927 72

.. 0.9 20.0 2.6 1.7 0.3 46.3 6.2 0.1 22.0

36.8 .. .. 2.4 1.7 0.3 43.5 6.1 0.1 9.1

53.5 .. .. 2.3 1.5 0.3 23.3 4.5 0.2 14.5

55.0 .. .. 4.1 1.3 0.3 21.6 4.2 0.3 13.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 82.2 0.0 0.0 17.8 0.0 0.0

.. 0.0 14.2 0.0 18.4 0.0 46.0 13.3 0.0 8.1

.. 6.3 23.7 1.0 8.7 0.5 14.4 25.1 0.0 20.3

.. 1.3 18.5 4.3 1.5 0.1 51.1 11.7 0.0 11.6

.. 1.2 19.5 4.9 1.4 0.2 55.3 5.3 0.0 12.1

.. 0.9 16.1 5.1 1.3 0.3 53.7 5.0 0.0 17.6

355 MAURITIUS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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

-9 38 0 0 0 -27 -19

-128 -75 0 0 0 -42 -10

4 43 0 0 0 -23 -17

85 11 0 0 0 59 15

741 629 0 0 0 96 17

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -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 8. DEBT STOCK-FLOW RECONCILIATION .. 138 20 19 104 76 134 -16 .. 2 0 0 .. 0 0 0 .. 0 0 0 .. 40 -72 24 .. 20 -42 11 9. AVERAGE TERMS OF NEW COMMITMENTS

0.0 24.2 1.7 64.6

10.6 13.6 4.2 7.3

6.0 17.9 6.3 26.7

6.7 11.0 1.0 12.9

3.2 22.5 6.6 49.7

4.5 13.8 1.9 26.4

6.4 6.1 2.7 13.8

3.9 13.6 3.4 32.2

2.8 11.6 2.9 32.6

2.5 7.7 1.2 22.4

0.0 24.2 1.7 64.6

5.2 19.6 5.4 30.6

6.0 17.9 6.3 26.7

5.8 16.9 4.0 23.2

3.0 22.6 6.8 51.2

4.5 17.3 4.1 33.4

3.9 15.7 4.7 36.5

3.7 14.7 4.1 35.3

2.7 11.9 3.2 34.1

0.0 19.1 10.1 74.1

0.0 0.0 0.0 0.0

18.4 5.0 2.5 -26.5

0.0 0.0 0.0 0.0

6.9 9.8 0.5 10.8

6.8 21.8 2.8 20.8

4.5 11.9 0.6 22.4

7.5 1.9 1.9 3.7

4.2 11.1 1.8 24.8

3.8 8.8 0.5 21.4

2.6 7.3 0.9 20.7

14 111 137 156 50 145 101 14 66 137 26 47 53 31 0 45 0 130 3 92 70 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

233 165 68

242 215 28

73 2 70

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

144 200 39

106 171 34

56 169 29

35 151 24

20 129 19

13 117 15

8 98 12

4 77 9

3 58 7

0 41 5

127 106 24

99 106 22

53 107 20

35 93 17

20 97 15

13 85 12

8 71 10

4 57 8

3 50 6

0 33 5

46 63 16

40 65 14

27 65 12

18 47 10

11 47 8

8 45 6

6 42 5

4 31 3

3 26 2

0 12 2

81 44 8

59 41 8

27 43 8

17 45 8

8 50 7

5 40 6

2 29 5

0 26 4

0 24 4

0 21 3

17 94 15

7 65 12

3 62 9

0 58 6

0 32 4

0 31 3

0 26 2

0 20 1

0 8 1

0 8 0

0 64 10

0 38 8

0 39 6

0 40 4

0 18 3

0 18 2

0 15 1

0 11 1

0 4 0

0 4 0

17 30 5

7 27 4

3 23 3

0 18 2

0 15 1

0 14 1

0 11 1

0 9 0

0 4 0

0 4 0

356 MEXICO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

6,969 5,967 3,197 2,770 0 1,002 0 0 0 0 0 0 0

57,378 41,215 33,915 7,300 0 16,163 0 0 0 0 0 0 0

104,442 81,809 75,974 5,835 6,551 16,082 0 0 0 0 0 0 15,583

147,632 110,684 83,302 27,382 9,088 27,860 0 0 0 0 0 0 14,588

158,974 124,273 87,045 37,228 8,380 26,321 0 0 0 0 0 0 3,932

166,463 137,928 87,911 50,017 4,473 24,062 0 0 0 0 0 0 4,251

150,313 131,381 81,488 49,893 0 18,932 0 0 0 0 0 0 3,948

145,674 131,118 77,027 54,091 0 14,556 0 0 0 0 0 0 3,735

140,164 130,264 76,326 53,938 0 9,900 0 0 0 0 0 0 3,417

140,004 130,826 77,473 53,353 0 9,178 0 0 0 0 0 0 3,727

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,375 1,375 0 1,017 1,017 0 358 0 283 283 0 0 75 1,301 1,301 0 0

11,581 11,581 0 4,894 4,760 134 14,825 8,139 6,068 4,580 4 1,484 8,757 10,962 9,340 138 1,484

14,229 12,045 2,184 4,012 2,821 1,191 17,637 7,420 7,301 5,797 522 982 10,336 11,313 8,618 1,712 982

27,753 27,753 0 30,662 27,223 3,439 -4,887 -1,978 11,080 8,366 482 2,231 -15,967 41,742 35,589 3,922 2,231

28,558 28,558 0 18,050 16,986 1,063 8,969 -1,539 11,087 8,889 423 1,774 -2,118 29,137 25,876 1,487 1,774

32,443 31,028 1,414 23,331 18,235 5,096 6,852 -2,259 11,978 9,778 276 1,924 -5,126 35,310 28,014 5,372 1,924

33,150 31,956 1,194 44,445 38,952 5,493 -16,426 -5,130 14,028 11,983 153 1,892 -30,453 58,473 50,935 5,646 1,892

35,857 35,857 0 34,683 34,683 0 -3,201 -4,376 12,622 11,785 0 837 -15,824 47,305 46,468 0 837

27,436 27,436 0 31,452 31,452 0 -8,672 -4,656 11,126 10,626 0 500 -19,798 42,578 42,078 0 500

28,546 28,546 0 29,995 29,995 0 -2,170 -722 10,671 10,331 0 340 -12,841 40,665 40,325 0 340

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

689 358 323 0 8 6 149 540

8,925 6,821 2,090 0 14 44 809 8,116

13,822 9,224 2,549 1,995 54 81 4,222 9,601

16,613 530 12,830 3,215 37 101 -4,531 21,143

23,313 11,571 12,346 -666 61 110 -744 24,057

29,783 12,793 13,190 3,769 31 105 -1,639 31,421

10,071 -6,996 16,598 447 23 111 -503 10,574

28,188 1,174 26,843 151 20 121 -650 28,838

10,698 -4,016 14,775 -104 43 179 289 10,409

9,237 -1,448 10,783 -123 25 160 -304 9,541

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

405 283 0 89 316

2,979 4,580 1,366 495 2,484

5,721 5,797 2,304 2,844 2,877

4,471 8,366 3,775 -6,186 10,657

9,173 8,889 5,251 -2,260 11,433

16,472 9,778 3,533 -3,193 19,665

-7,834 11,983 5,923 -2,055 -5,779

10,973 11,785 5,431 -2,078 13,050

-3,145 10,626 3,218 -937 -2,208

-4,676 10,331 3,582 -1,391 -3,285

34,919 .. 0 .. 756 ..

187,919 24,685 1,039 35,243 4,175 -10,422

468,162 158,510 6,649 172,925 31,828 -14,011

566,492 192,831 7,596 211,440 35,577 -18,188

608,285 185,137 9,918 203,750 44,805 -18,170

636,101 187,367 11,029 201,594 50,671 -13,772

613,272 194,703 14,595 204,101 59,027 -8,936

.. 20.0 .. .. 0.8 10.8 .. 14.4 2.8 10.7

232.4 30.5 44.4 24.6 3.2 7.3 1.4 28.2 0.5 5.6

105.0 35.6 22.3 7.6 2.6 19.1 2.2 14.5 0.8 10.0

78.0 26.5 30.3 7.3 2.5 23.7 2.0 12.6 0.8 11.5

78.7 23.9 25.6 6.8 2.1 30.8 2.6 10.0 0.8 11.5

74.8 22.0 22.7 5.9 1.7 36.2 3.0 7.1 0.9 12.5

71.9 22.8 20.9 5.5 1.7 42.2 3.5 6.6 0.9 12.8

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

254,084 54,570 3,098 63,504 10,217 -7,451

388,691 130,910 5,546 138,958 28,852 -7,665

407,948 139,656 6,501 156,114 31,863 -16,073

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

191.4 41.1 20.7 13.4 2.9 9.8 1.9 15.4 0.8 13.7

112.8 38.0 31.9 8.5 2.9 19.5 2.5 18.9 0.9 11.1

113.8 39.0 20.9 7.9 2.7 20.0 2.4 16.6 0.9 10.7

357 MEXICO (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5,967 3,197 1,150 749 74 401 123 2,047 386 1,267 394 2,770 0 2,770

41,215 33,915 4,481 3,189 193 1,291 120 29,434 3,100 25,637 698 7,300 0 7,300

81,809 75,974 22,621 14,302 60 8,318 822 53,353 40,100 6,630 6,624 5,835 150 5,685

582 0

2,063 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,375 772 229 161 37 68 9 543 0 432 111 603 0 603

1997

1998

1999

2000

2001

2002

2003

110,684 83,302 22,978 16,432 7 6,546 1,366 60,324 51,674 5,478 3,172 27,382 15,810 11,572

124,273 87,045 23,056 17,081 4 5,975 1,404 63,989 53,185 8,228 2,576 37,228 16,546 20,683

137,928 87,911 21,821 16,675 1 5,146 1,382 66,089 56,440 7,070 2,579 50,017 18,157 31,860

131,381 81,488 20,838 17,238 0 3,601 1,185 60,650 52,212 5,818 2,620 49,893 20,644 29,250

131,118 77,027 19,852 16,751 0 3,101 1,100 57,174 49,914 5,576 1,685 54,091 20,181 33,910

130,264 76,326 20,524 17,506 0 3,018 1,299 55,802 48,293 5,980 1,529 53,938 19,079 34,858

130,826 77,473 20,595 17,891 0 2,704 1,265 56,878 48,868 6,592 1,417 53,353 18,607 34,746

11,030 0

11,356 0

11,514 0

11,027 0

11,444 0

10,883 0

10,797 0

10,717 0

11,581 9,131 1,081 642 3 439 16 8,050 236 7,625 189 2,450 0 2,450

12,045 9,985 5,454 3,647 0 1,807 636 4,532 975 2,552 1,004 2,060 150 1,910

27,753 15,338 1,751 1,512 0 238 39 13,587 11,195 2,036 356 12,415 3,690 8,725

28,558 13,221 2,188 1,898 0 289 19 11,033 5,893 4,780 359 15,337 4,998 10,339

31,028 9,728 1,495 1,325 0 171 9 8,233 5,900 1,818 515 21,300 5,875 15,424

31,956 10,850 2,849 2,534 0 315 4 8,001 6,826 1,004 171 21,106 3,346 17,760

35,857 13,546 1,637 1,388 0 250 10 11,909 9,600 2,135 174 22,311 1,685 20,626

27,436 8,942 2,623 2,244 0 380 231 6,319 4,367 1,810 142 18,494 2,504 15,991

28,546 12,465 2,436 2,276 0 160 99 10,030 7,676 2,148 205 16,081 2,505 13,576

98 0

422 0

3,326 0

995 0

1,283 0

839 0

1,748 0

749 0

1,247 0

1,258 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,017 476 88 32 0 56 9 388 16 266 106 542 0 542

4,760 4,010 286 141 12 145 12 3,724 123 3,445 156 750 0 750

2,821 2,625 1,286 1,037 13 249 0 1,339 464 185 690 196 0 196

27,223 21,826 6,319 1,625 5 4,693 81 15,508 12,462 2,103 942 5,397 1,950 3,447

16,986 11,496 2,993 1,603 3 1,391 78 8,502 5,173 2,300 1,029 5,491 3,291 2,200

18,235 9,724 3,165 1,695 2 1,470 92 6,559 1,819 4,186 554 8,511 4,264 4,247

38,952 16,328 3,375 1,816 1 1,559 107 12,953 9,256 2,869 828 22,625 3,552 19,072

34,683 16,827 2,307 1,648 0 659 95 14,520 10,788 2,742 990 17,856 2,148 15,708

31,452 11,388 2,378 1,733 0 644 118 9,011 6,688 1,974 349 20,064 4,082 15,983

29,995 13,971 2,765 2,131 0 634 132 11,206 8,428 2,408 370 16,024 2,985 13,039

23 0

89 0

801 0

1,311 0

1,257 0

1,323 0

1,330 0

1,309 0

1,334 0

1,338 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

358 297 141 129 37 12 0 156 -16 166 6 61 0 61

6,821 5,121 795 501 -9 294 5 4,326 112 4,180 33 1,700 0 1,700

9,224 7,360 4,168 2,610 -13 1,558 635 3,193 511 2,367 314 1,864 150 1,714

530 -6,489 -4,568 -113 -5 -4,455 -41 -1,921 -1,267 -67 -586 7,019 1,740 5,278

11,571 1,725 -805 296 -3 -1,101 -59 2,531 720 2,480 -670 9,846 1,708 8,138

12,793 4 -1,670 -370 -2 -1,299 -84 1,674 4,081 -2,368 -39 12,788 1,611 11,177

-6,996 -5,477 -526 718 -1 -1,244 -103 -4,951 -2,429 -1,864 -657 -1,519 -206 -1,313

1,174 -3,280 -670 -260 0 -410 -85 -2,610 -1,188 -607 -816 4,455 -463 4,918

-4,016 -2,446 246 511 0 -265 113 -2,692 -2,320 -164 -207 -1,570 -1,578 8

-1,448 -1,505 -329 145 0 -474 -33 -1,176 -752 -259 -165 57 -480 537

76 0

333 0

2,524 0

-316 0

26 0

-484 0

418 0

-561 0

-86 0

-80 0

5. LONG-TERM DEBT

358 MEXICO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

283 216 60 39 2 21 4 156 27 106 24 67 0 67

4,580 3,880 314 236 7 78 5 3,565 252 3,261 52 700 0 700

5,797 5,215 1,378 1,005 2 373 8 3,838 1,112 2,195 531 582 0 582

8,366 6,211 1,655 1,163 0 492 51 4,556 3,948 372 236 2,155 1,251 904

8,889 5,893 1,516 1,142 0 374 44 4,377 3,824 375 177 2,997 1,494 1,503

9,778 6,137 1,555 1,213 0 342 46 4,583 3,950 485 147 3,641 1,461 2,180

11,983 7,763 1,552 1,275 0 278 44 6,211 4,283 1,333 595 4,220 1,620 2,600

11,785 7,333 1,428 1,252 0 176 39 5,905 4,106 1,221 578 4,452 1,752 2,700

10,626 6,388 1,226 1,109 0 118 35 5,161 4,036 1,055 70 4,238 1,540 2,698

10,331 6,453 1,087 994 0 93 34 5,366 4,127 1,187 53 3,877 1,363 2,515

31 0

166 0

751 0

791 0

767 0

832 0

890 0

864 0

737 0

613 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

75 81 81 90 35 -9 -4 -1 -42 60 -18 -6 0 -6

2,241 1,241 481 264 -16 216 0 760 -140 919 -19 1,000 0 1,000

3,427 2,145 2,790 1,605 -15 1,185 627 -645 -601 172 -217 1,282 150 1,132

-7,836 -12,700 -6,223 -1,276 -5 -4,948 -92 -6,476 -5,215 -440 -822 4,863 489 4,374

2,682 -4,168 -2,322 -846 -3 -1,475 -103 -1,846 -3,104 2,105 -847 6,849 214 6,635

3,014 -6,133 -3,224 -1,583 -2 -1,641 -130 -2,909 130 -2,853 -186 9,147 150 8,997

-18,979 -13,240 -2,079 -557 -1 -1,522 -147 -11,162 -6,712 -3,197 -1,252 -5,739 -1,826 -3,913

-10,611 -10,614 -2,098 -1,512 0 -586 -124 -8,516 -5,294 -1,828 -1,394 3 -2,215 2,218

-14,642 -8,834 -981 -598 0 -383 77 -7,853 -6,357 -1,219 -277 -5,808 -3,118 -2,690

-11,779 -7,958 -1,416 -849 0 -567 -66 -6,543 -4,879 -1,446 -218 -3,820 -1,843 -1,977

45 0

167 0

1,773 0

-1,107 0

-741 0

-1,316 0

-472 0

-1,425 0

-824 0

-693 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1,301 692 148 71 2 77 14 544 42 372 130 609 0 609

9,340 7,890 601 378 18 223 16 7,289 376 6,706 208 1,450 0 1,450

8,618 7,840 2,664 2,042 15 622 9 5,177 1,576 2,380 1,221 778 0 778

35,589 28,037 7,974 2,788 5 5,186 132 20,064 16,410 2,476 1,178 7,552 3,201 4,351

25,876 17,388 4,509 2,745 3 1,765 122 12,879 8,998 2,675 1,206 8,488 4,784 3,703

28,014 15,861 4,720 2,908 2 1,812 139 11,142 5,770 4,670 702 12,152 5,725 6,427

50,935 24,091 4,927 3,091 1 1,837 151 19,163 13,538 4,202 1,423 26,844 5,172 21,672

46,468 24,160 3,735 2,900 0 835 134 20,425 14,894 3,963 1,568 22,308 3,900 18,408

42,078 17,776 3,604 2,842 0 762 154 14,172 10,724 3,029 420 24,302 5,622 18,681

40,325 20,424 3,852 3,125 0 727 166 16,572 12,555 3,594 423 19,902 4,348 15,554

54 0

255 0

1,553 0

2,102 0

2,024 0

2,155 0

2,220 0

2,173 0

2,071 0

1,951 0

557 438 118

4,817 2,976 1,841

8,114 5,140 2,974

11,473 5,921 5,552

16,812 5,699 11,112

15,839 7,333 8,506

13,834 6,586 7,248

17,198 6,160 11,038

17,183 6,790 10,393

17,558 4,564 12,994

196 2,951 3,165 2,801

313 31,271 33,249 7,966

883 40,382 75,595 6,214

1,373 55,585 83,098 27,587

1,408 69,166 86,867 37,406

1,384 81,413 87,806 50,122

1,185 76,306 81,392 49,989

1,100 77,839 76,954 54,164

1,299 76,934 76,268 53,996

1,265 77,185 77,430 53,396

1.1 .. .. 6.5 0.2 0.2 88.1 3.6 0.0 0.4

1.2 .. .. 4.9 0.2 0.2 89.7 3.3 0.0 0.4

0.5 .. .. 5.1 0.2 0.2 91.1 2.8 0.0 0.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 11.2 7.7 0.5 1.1 3.4 51.2 21.9 0.0 2.9

.. 4.3 1.2 1.4 0.5 2.0 78.7 9.9 0.0 2.0

.. 3.7 3.8 6.3 1.4 0.6 64.3 18.6 0.0 1.2

.. 4.8 2.3 8.7 1.3 0.3 64.2 16.0 0.0 2.4

.. 4.8 2.2 8.3 1.0 0.3 75.5 4.6 0.0 3.4

.. 3.7 1.7 8.5 0.8 0.2 77.4 4.2 0.0 3.4

.. 1.6 0.8 7.6 0.2 0.0 85.0 3.8 0.0 1.0

359 MEXICO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 36,950 0 0 0 .. 36,100 0 0 0 .. 570 0 0 0 .. 382 0 0 0 .. 188 0 0 0 .. 204 0 0 0 .. 132 0 0 0 .. 72 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 8,145 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 10,601 -8,623 11,342 7,489 14,825 17,637 -4,887 8,969 6,852 .. 0 0 0 0 .. 204 0 0 0 0 0 0 .. -8,145 -3,982 1,852 -1,206 .. 3,254 521 1,843 .. -2,349 246 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 7,122 6,644

0 0 0 0 0 0 0 0 0 0 8,832 8,400

23 0 0 0 0 0 0 0 0 0 2,172 2,172

26 0 0 0 0 0 0 0 0 0 0 0

-16,150 -16,426 0 0 -478 -2,376 3,130

-4,639 -3,201 0 0 -431 -982 -24

-5,511 -8,672 0 0 0 981 2,181

-160 -2,170 0 0 0 977 1,033

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 358 .. .. .. .. ..

8.1 11.6 3.4 9.9

11.3 9.9 4.3 -5.7

8.6 13.4 5.4 7.3

7.3 9.9 6.9 12.2

7.5 14.8 5.5 10.1

7.7 8.9 6.2 9.7

7.7 10.6 7.9 10.4

5.9 12.8 11.1 17.4

5.5 16.1 10.9 24.6

5.0 12.8 12.1 24.2

6.7 18.5 4.0 19.4

8.0 15.3 3.3 10.1

7.8 15.6 4.5 12.3

7.0 14.6 4.4 16.0

6.4 15.6 3.5 19.5

5.7 14.9 6.6 25.7

5.4 14.7 4.8 26.8

5.6 18.6 4.9 25.7

4.1 17.9 4.8 34.6

2.6 13.5 7.2 43.1

8.9 7.1 3.1 3.6

12.6 7.7 4.7 -12.0

9.4 11.5 6.1 2.9

7.3 9.2 7.3 11.6

7.6 14.6 5.7 8.8

8.5 6.5 6.1 3.3

8.5 9.2 9.0 4.6

5.9 12.1 11.9 16.4

6.4 15.0 14.8 18.2

5.1 12.8 12.4 23.1

858 7,632 12,484 15,297 19,292 11,420 10,224 338 2,187 5,918 1,903 2,359 3,270 2,652 520 5,445 6,567 13,394 16,933 8,151 7,572 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

17,862 1,964 15,898

9,350 3,640 5,710

17,687 956 16,731

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

14,294 24,791 9,766

1,374 18,588 8,189

682 16,584 7,174

477 11,942 6,091

323 16,035 5,268

202 9,433 4,125

122 6,301 3,498

49 5,465 3,017

26 4,620 2,723

8 6,438 2,416

1,526 2,721 1,004

1,200 2,569 898

649 2,599 780

466 2,164 661

319 1,984 565

200 2,731 484

120 1,486 382

48 1,819 316

25 1,456 255

7 1,723 203

345 811 98

184 546 73

79 413 54

33 189 42

11 199 38

4 170 33

2 156 29

0 147 25

0 140 22

0 99 18

1,182 1,910 907

1,016 2,023 825

570 2,186 725

434 1,976 618

307 1,785 528

196 2,561 451

118 1,329 353

48 1,671 291

25 1,315 234

7 1,625 184

12,768 22,070 8,762

174 16,019 7,291

33 13,984 6,395

10 9,778 5,430

4 14,051 4,702

2 6,701 3,641

2 4,816 3,116

1 3,646 2,701

0 3,165 2,468

0 4,715 2,213

3,805 1,213 203

106 5,866 175

8 1,076 77

2 626 49

2 351 38

1 226 32

1 218 26

0 211 20

0 204 15

0 195 11

223 20,857 8,559

68 10,152 7,116

24 12,908 6,318

8 9,152 5,381

2 13,700 4,664

1 6,476 3,610

1 4,598 3,090

1 3,436 2,681

0 2,960 2,453

0 4,519 2,202

360 MOLDOVA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

1,077 840 796 44 233 4 0 0 0 15 15 0 54

1,067 869 797 72 177 21 14 5 9 61 32 29 6

1,022 831 719 111 175 16 15 7 8 105 74 31 17

1,693 1,050 853 197 154 489 22 0 21 33 4 29 14

1,641 1,059 792 267 146 436 13 1 12 27 4 23 17

1,805 1,164 826 338 152 489 37 0 37 44 0 44 20

1,901 1,218 848 369 143 541 46 3 43 75 9 67 16

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

367 347 21 82 62 20 263 -22 51 40 11 0 212 133 101 31 0

105 105 0 146 82 64 -38 3 55 44 10 0 -93 201 127 74 0

246 177 68 152 87 65 88 -6 58 50 8 0 30 210 137 73 0

176 164 12 82 58 25 560 465 68 47 8 14 491 151 104 33 14

106 94 12 107 92 14 -45 -44 68 48 6 13 -113 175 141 21 13

139 127 12 185 167 18 -17 29 59 42 4 13 -76 244 209 21 13

95 95 0 110 88 22 28 43 50 32 2 15 -21 159 120 24 15

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

379 285 79 4 12 16 63 316

124 22 76 7 20 18 62 63

156 90 38 5 23 45 111 45

276 107 129 3 37 44 62 214

159 2 100 3 54 41 52 107

110 -40 117 2 32 76 27 83

110 8 58 1 43 54 26 84

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

337 40 2 44 294

73 44 7 34 39

95 50 12 91 4

218 47 11 39 179

81 48 29 30 51

38 42 29 11 27

50 32 28 13 37

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

1,735 934 124 1,333 144 -335

1,197 731 112 885 186 -68

1,352 815 162 1,095 222 -115

1,598 983 234 1,208 229 -68

1,821 1,192 310 1,394 269 -51

2,287 1,529 465 1,829 302 -142

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

114.3 61.5 21.5 5.9 3.2 13.5 1.3 2.0 14.2 31.1

139.8 85.4 28.7 7.9 4.8 18.2 2.5 1.6 18.4 38.7

207.8 125.2 18.5 8.4 5.1 13.1 2.4 28.9 12.2 24.0

167.0 102.7 17.8 6.9 4.3 13.9 2.3 26.5 12.6 24.2

151.4 99.1 20.5 4.9 3.2 14.9 2.3 27.1 14.6 23.7

124.3 83.1 10.4 3.2 2.2 15.9 2.0 28.4 16.1 23.6

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

1,976 1,191 114 1,519 366 -275

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

90.4 54.5 11.1 4.3 2.6 34.0 2.9 0.4 13.0 26.8

361 MOLDOVA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

840 796 475 289 35 186 106 322 75 78 169 44 0 44

869 797 521 332 38 189 113 276 75 32 169 72 0 72

831 719 595 395 77 199 111 125 75 30 20 111 0 111

1,050 853 534 406 104 128 102 319 75 12 232 197 0 197

1,059 792 513 397 114 116 93 279 40 12 228 267 0 267

1,164 826 555 428 147 127 116 271 36 7 228 338 0 338

1,218 848 582 448 180 134 126 266 34 9 223 369 0 369

.. ..

135 35

169 38

199 77

191 103

181 113

186 145

190 175

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

347 307 68 59 35 8 0 239 75 22 143 40 0 40

105 62 60 46 2 14 10 2 0 2 0 43 0 43

177 111 102 86 39 16 0 8 0 8 0 67 0 67

164 54 52 50 30 1 0 2 0 0 2 110 0 110

94 30 30 30 15 0 0 0 0 0 0 64 0 64

127 36 36 35 24 1 1 0 0 0 0 91 0 91

95 24 24 22 18 2 2 0 0 0 0 71 0 71

.. ..

.. ..

.. ..

5 35

27 2

35 39

6 30

4 14

4 22

2 16

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

62 48 16 1 0 15 0 33 0 25 8 13 0 13

82 67 18 3 0 16 7 49 0 49 0 15 0 15

87 53 14 10 0 5 3 38 0 9 29 34 0 34

58 30 27 22 0 5 5 3 0 0 3 28 0 28

92 61 32 24 0 8 6 29 25 0 3 31 0 31

167 85 41 32 0 9 5 44 44 0 0 82 0 82

88 47 41 36 0 4 2 6 2 1 3 41 0 41

.. ..

.. ..

.. ..

0 0

1 0

4 0

5 0

7 0

9 0

11 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

285 259 52 59 35 -7 0 207 75 -3 135 26 0 26

22 -5 42 43 2 -2 3 -47 0 -47 0 27 0 27

90 58 88 77 39 11 -3 -30 0 -1 -29 32 0 32

107 24 25 29 30 -4 -5 -1 0 0 -1 82 0 82

2 -31 -2 6 15 -7 -6 -29 -25 0 -3 33 0 33

-40 -49 -5 3 24 -8 -5 -44 -44 0 0 8 0 8

8 -23 -17 -15 18 -2 1 -6 -2 -1 -3 30 0 30

.. ..

.. ..

.. ..

5 35

26 2

31 39

1 30

-3 14

-4 22

-9 16

5. LONG-TERM DEBT

362 MOLDOVA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

40 38 19 14 0 6 3 19 4 6 9 2 0 2

44 42 28 24 0 3 3 14 7 3 3 3 0 3

50 46 20 16 0 4 3 26 7 3 15 4 0 4

47 40 23 18 1 5 3 17 7 0 9 7 0 7

48 40 22 18 1 4 3 18 7 0 11 8 0 8

42 26 16 13 1 3 3 10 2 0 7 16 0 16

32 20 13 11 1 2 2 7 2 0 4 12 0 12

.. ..

.. ..

.. ..

9 0

9 0

11 0

11 1

10 1

8 1

7 1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

245 221 32 45 35 -13 -3 188 71 -9 126 25 0 25

-22 -46 14 19 2 -5 1 -60 -7 -50 -3 25 0 25

40 12 68 61 39 7 -5 -56 -7 -4 -45 28 0 28

60 -16 2 11 30 -8 -8 -18 -7 0 -10 76 0 76

-47 -71 -24 -12 14 -11 -9 -47 -33 0 -14 24 0 24

-83 -75 -21 -10 23 -11 -8 -54 -46 0 -8 -8 0 -8

-25 -43 -30 -26 17 -4 -1 -13 -4 -2 -7 18 0 18

.. ..

.. ..

.. ..

-4 35

17 2

20 39

-10 30

-13 13

-12 21

-16 15

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

101 87 35 14 0 21 3 51 4 31 16 15 0 15

127 109 46 27 0 19 9 62 7 52 3 18 0 18

137 98 34 26 0 9 5 64 7 12 45 39 0 39

104 70 50 40 1 10 8 20 7 0 12 35 0 35

141 101 54 42 1 12 9 47 33 0 14 40 0 40

209 111 57 45 1 12 8 54 46 0 8 99 0 99

120 67 54 48 1 6 3 13 4 2 7 53 0 53

.. ..

.. ..

.. ..

9 0

10 0

15 0

16 1

17 1

17 1

18 1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

271 229 42

277 236 41

203 171 32

140 113 26

68 68 0

80 80 0

97 97 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

140 461 773 68

151 476 778 90

188 527 704 126

206 523 842 208

207 569 783 277

263 696 822 342

306 723 848 370

.. 4.9 0.0 3.4 0.0 0.0 66.9 18.7 0.0 6.0

10.0 .. .. 3.0 0.0 0.0 68.4 18.5 0.1 0.0

10.5 .. .. 2.9 0.0 0.0 68.3 17.9 0.3 0.0

10.3 .. .. 3.0 0.0 0.0 68.5 17.7 0.6 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 5.1 0.0 3.8 0.0 0.0 65.8 17.0 0.0 8.4

.. 5.7 0.0 4.2 0.0 0.0 60.3 20.9 0.0 8.8

.. 6.5 0.0 4.9 0.0 0.0 56.5 23.6 0.0 8.4

363 MOLDOVA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 19 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 119 .. .. 0 0 0 .. .. 0 0 3 .. .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 236 -11 -45 .. .. 263 -38 88 .. .. 0 14 1 .. .. 0 0 0 .. .. 0 0 -123 -5 -18 .. .. -45 .. .. 17 19 7 9. AVERAGE TERMS OF NEW COMMITMENTS

246 19 94 76 18 6 5 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 35 25

68 9 12 1 11 2 1 1 0 0 0 0

3 0 3 0 3 0 0 0 0 0 0 0

671 560 7 6 0 -32 131

-52 -45 -9 0 -10 -24 36

164 -17 24 2 0 48 107

96 28 9 0 0 60 -1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.1 17.8 6.3 29.8

5.7 17.8 5.5 31.7

0.5 34.6 10.1 80.7

1.1 35.4 9.4 74.8

0.8 36.1 9.2 78.0

0.8 39.9 10.4 80.8

0.8 39.9 10.4 80.8

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.8 26.6 7.5 48.9

5.7 17.8 5.5 31.7

0.5 34.6 10.1 80.7

0.4 39.7 10.2 83.4

0.8 36.1 9.2 78.0

0.8 39.9 10.4 80.8

0.8 39.9 10.4 80.8

.. .. .. ..

.. .. .. ..

.. .. .. ..

9.3 5.4 4.6 2.7

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

5.9 3.2 3.2 10.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. 223 59 66 20 .. .. .. 131 59 66 18 .. .. .. 92 0 0 2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

10 10 0

43 43 0

54 54 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

15 200 58

14 164 40

15 137 29

14 68 25

14 64 19

9 93 16

7 57 13

5 48 10

3 48 8

1 43 5

15 59 14

14 45 13

15 35 11

14 32 10

14 33 9

9 34 8

7 34 7

5 31 6

3 31 5

1 31 4

2 12 4

2 14 3

1 9 3

1 9 2

0 9 2

0 9 2

0 9 2

0 9 1

0 9 1

0 9 1

12 47 11

13 31 10

14 26 9

13 23 8

13 24 7

9 26 6

7 25 5

5 22 4

3 22 3

1 22 3

0 140 44

0 119 27

0 102 18

0 36 15

0 31 10

0 58 9

0 23 6

0 17 5

0 18 4

0 12 2

0 2 1

0 2 1

0 2 0

0 1 0

0 1 0

0 1 0

0 1 0

0 0 0

0 0 0

0 0 0

0 139 44

0 117 27

0 100 17

0 35 15

0 30 10

0 58 9

0 22 6

0 17 5

0 18 4

0 12 2

364 MONGOLIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

606.2 533.3 533.3 0.0 47.6 25.3 0.3 0.0 0.3 7.0 4.5 2.6

726.7 650.0 650.0 0.0 48.3 28.4 0.3 0.0 0.3 11.4 9.5 1.9

914.1 841.1 841.1 0.0 51.4 21.6 1.0 0.8 0.2 28.9 28.1 0.7

896.4 833.4 833.4 0.0 50.3 12.8 1.7 1.6 0.1 17.3 17.0 0.3

885.0 823.7 823.7 0.0 46.8 14.4 3.3 3.3 0.0 14.9 14.9 0.0

1,036.0 949.1 949.1 0.0 42.6 44.2 3.0 3.0 0.0 15.3 15.3 0.0

1,472.4 1,137.7 1,137.7 0.0 49.6 285.2 3.2 3.2 0.0 15.3 15.3 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

146.1 138.4 7.7 50.5 49.6 0.9 116.3 20.7 12.5 11.6 0.2 0.6 103.8 63.0 61.2 1.1 0.6

96.8 96.8 0.0 22.4 21.2 1.3 77.5 3.1 8.6 6.9 0.2 1.5 68.9 31.1 28.1 1.5 1.5

113.2 105.0 8.1 10.5 6.7 3.8 95.1 -7.5 11.0 9.4 0.3 1.3 84.2 21.5 16.1 4.1 1.3

83.1 75.2 7.8 28.2 21.8 6.4 45.4 -9.5 10.5 9.4 0.3 0.8 34.9 38.6 31.2 6.6 0.8

87.7 82.5 5.2 34.9 28.1 6.8 52.8 0.0 10.4 9.8 0.2 0.4 42.3 45.3 37.9 7.1 0.4

82.2 82.2 0.0 39.9 32.2 7.7 72.4 30.1 12.5 11.8 0.2 0.5 59.9 52.4 44.0 7.9 0.5

122.5 111.1 11.4 273.9 265.4 8.6 89.3 240.8 14.3 12.1 0.2 2.0 75.0 288.2 277.5 8.8 2.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

172.9 88.8 25.0 0.0 59.1 54.0 164.2 8.7

148.4 75.7 18.9 0.0 53.8 58.5 144.5 3.8

178.4 98.3 30.4 0.0 49.7 64.8 150.9 27.5

189.0 53.4 53.7 0.0 81.9 61.1 138.0 51.0

164.6 54.4 43.0 0.0 67.2 66.4 123.0 41.7

195.3 50.0 77.8 0.0 67.6 69.4 117.7 77.7

44.5 -154.3 131.5 0.0 67.3 76.9 -86.8 131.4

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

153.6 11.6 7.6 155.1 -1.5

141.0 6.9 0.5 138.8 2.2

168.6 9.4 0.4 142.0 26.6

170.8 9.4 8.8 128.9 41.9

148.9 9.8 5.9 113.2 35.7

178.4 11.8 5.1 105.9 72.5

25.4 12.1 7.0 -98.9 124.3

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

972.0 555.8 6.0 680.7 103.2 -74.7

901.6 544.0 7.0 663.0 136.9 -51.9

941.1 638.5 12.0 790.7 202.1 -69.9

1,045.2 676.5 25.0 846.1 256.6 -62.1

1,177.4 778.3 56.0 964.6 398.5 -105.0

1,252.2 892.5 56.0 1,105.8 242.8 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

130.8 74.8 5.6 1.6 0.9 14.2 1.8 3.9 87.0 50.6

168.0 101.4 3.9 2.0 1.2 15.0 2.5 2.4 89.6 48.9

140.4 95.3 6.1 1.6 1.1 22.5 3.1 1.4 91.2 51.5

130.8 84.7 6.7 1.5 1.0 29.0 3.6 1.6 91.5 54.6

133.1 88.0 6.7 1.6 1.1 38.5 5.0 4.3 90.3 54.8

165.0 117.6 32.3 1.6 1.1 16.5 2.6 19.4 76.3 46.7

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

1,042.0 627.3 0.0 576.3 200.4 102.9

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

96.6 58.2 10.0 2.0 1.2 33.1 4.2 4.2 81.6 48.8

365 MONGOLIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

533.3 533.3 507.8 295.9 295.9 211.9 199.1 25.6 0.0 6.1 19.4 0.0 0.0 0.0

650.0 650.0 639.5 367.8 367.8 271.6 264.5 10.6 0.0 2.5 8.1 0.0 0.0 0.0

841.1 841.1 835.3 446.7 446.7 388.5 371.9 5.8 0.0 1.4 4.4 0.0 0.0 0.0

833.4 833.4 830.8 462.1 462.1 368.8 355.8 2.5 0.0 1.1 1.4 0.0 0.0 0.0

823.7 823.7 822.8 483.4 483.4 339.4 326.4 0.9 0.0 0.9 0.0 0.0 0.0 0.0

949.1 949.1 948.4 567.3 567.3 381.1 368.1 0.7 0.0 0.7 0.0 0.0 0.0 0.0

1,137.7 1,137.7 1,137.1 688.0 688.0 449.0 436.0 0.6 0.0 0.6 0.0 0.0 0.0 0.0

.. ..

0.0 97.1

0.0 118.0

0.0 129.7

0.0 137.1

0.0 154.9

0.0 180.5

0.0 227.0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

138.4 138.4 138.4 108.0 108.0 30.4 19.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

96.8 96.8 96.4 52.7 52.7 43.6 43.6 0.4 0.0 0.4 0.0 0.0 0.0 0.0

105.0 105.0 105.0 63.7 63.7 41.4 41.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

75.2 75.2 75.2 47.3 47.3 28.0 28.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

82.5 82.5 82.5 54.6 54.6 27.9 27.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

82.2 82.2 82.2 41.9 41.9 40.2 40.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

111.1 111.1 111.1 72.4 72.4 38.7 38.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 33.8

0.0 16.7

0.0 14.2

0.0 14.1

0.0 23.5

0.0 13.9

0.0 28.6

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

49.6 49.6 33.3 0.0 0.0 33.3 1.8 16.3 0.0 4.1 12.2 0.0 0.0 0.0

21.2 21.2 5.7 0.0 0.0 5.7 0.0 15.5 0.0 4.1 11.4 0.0 0.0 0.0

6.7 6.7 3.8 0.0 0.0 3.8 0.2 2.9 0.0 0.3 2.6 0.0 0.0 0.0

21.8 21.8 19.1 0.0 0.0 19.1 15.6 2.7 0.0 0.3 2.4 0.0 0.0 0.0

28.1 28.1 26.8 0.0 0.0 26.8 26.8 1.3 0.0 0.1 1.2 0.0 0.0 0.0

32.2 32.2 32.1 1.3 1.3 30.8 30.8 0.1 0.0 0.1 0.0 0.0 0.0 0.0

265.4 265.4 265.2 1.7 1.7 263.6 263.6 0.1 0.0 0.1 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

0.0 0.7

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

88.8 88.8 105.2 108.0 108.0 -2.8 17.9 -16.3 0.0 -4.1 -12.2 0.0 0.0 0.0

75.7 75.7 90.7 52.7 52.7 38.0 43.6 -15.1 0.0 -3.7 -11.4 0.0 0.0 0.0

98.3 98.3 101.2 63.7 63.7 37.6 41.1 -2.9 0.0 -0.3 -2.6 0.0 0.0 0.0

53.4 53.4 56.1 47.3 47.3 8.9 12.4 -2.7 0.0 -0.3 -2.4 0.0 0.0 0.0

54.4 54.4 55.7 54.6 54.6 1.1 1.1 -1.3 0.0 -0.1 -1.2 0.0 0.0 0.0

50.0 50.0 50.1 40.7 40.7 9.4 9.4 -0.1 0.0 -0.1 0.0 0.0 0.0 0.0

-154.3 -154.3 -154.2 70.8 70.8 -224.9 -224.9 -0.1 0.0 -0.1 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 33.8

0.0 16.7

0.0 14.2

0.0 14.1

0.0 23.5

0.0 13.3

0.0 27.9

5. LONG-TERM DEBT

366 MONGOLIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

11.6 11.6 9.1 2.0 2.0 7.1 5.7 2.5 0.0 0.5 2.0 0.0 0.0 0.0

6.9 6.9 5.7 2.8 2.8 3.0 2.4 1.2 0.0 0.2 1.0 0.0 0.0 0.0

9.4 9.4 8.9 3.5 3.5 5.4 5.2 0.5 0.0 0.1 0.4 0.0 0.0 0.0

9.4 9.4 9.1 4.1 4.1 5.0 4.9 0.3 0.0 0.0 0.3 0.0 0.0 0.0

9.8 9.8 9.7 4.1 4.1 5.6 5.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0

11.8 11.8 11.8 4.7 4.7 7.1 7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.1 12.1 12.1 5.6 5.6 6.4 6.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 0.5

0.0 0.7

0.0 0.9

0.0 1.0

0.0 1.0

0.0 1.2

0.0 1.4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

77.2 77.2 96.1 106.0 106.0 -9.9 12.3 -18.9 0.0 -4.6 -14.2 0.0 0.0 0.0

68.7 68.7 85.0 50.0 50.0 35.0 41.2 -16.2 0.0 -3.9 -12.4 0.0 0.0 0.0

88.9 88.9 92.3 60.1 60.1 32.2 36.0 -3.4 0.0 -0.4 -3.0 0.0 0.0 0.0

44.0 44.0 47.0 43.2 43.2 3.8 7.5 -3.0 0.0 -0.3 -2.6 0.0 0.0 0.0

44.6 44.6 46.0 50.5 50.5 -4.5 -4.5 -1.4 0.0 -0.2 -1.2 0.0 0.0 0.0

38.2 38.2 38.3 36.0 36.0 2.4 2.4 -0.2 0.0 -0.2 0.0 0.0 0.0 0.0

-166.4 -166.4 -166.2 65.1 65.1 -231.3 -231.3 -0.2 0.0 -0.2 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 33.3

0.0 16.0

0.0 13.3

0.0 13.1

0.0 22.5

0.0 12.1

0.0 26.5

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

61.2 61.2 42.3 2.0 2.0 40.3 7.4 18.9 0.0 4.6 14.2 0.0 0.0 0.0

28.1 28.1 11.4 2.8 2.8 8.6 2.4 16.7 0.0 4.3 12.4 0.0 0.0 0.0

16.1 16.1 12.7 3.5 3.5 9.2 5.4 3.4 0.0 0.4 3.0 0.0 0.0 0.0

31.2 31.2 28.2 4.1 4.1 24.1 20.5 3.0 0.0 0.3 2.6 0.0 0.0 0.0

37.9 37.9 36.5 4.1 4.1 32.4 32.4 1.4 0.0 0.2 1.2 0.0 0.0 0.0

44.0 44.0 43.8 6.0 6.0 37.9 37.9 0.2 0.0 0.2 0.0 0.0 0.0 0.0

277.5 277.5 277.3 7.3 7.3 270.0 270.0 0.2 0.0 0.2 0.0 0.0 0.0 0.0

.. ..

.. ..

.. ..

0.0 0.5

0.0 0.7

0.0 0.9

0.0 1.0

0.0 1.0

0.0 1.9

0.0 2.1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

329.4 320.0 9.4

343.8 334.9 8.9

329.4 320.5 8.9

319.9 319.9 0.0

332.9 332.9 0.0

465.6 465.6 0.0

444.3 417.8 26.5

.. .. .. ..

.. .. .. ..

.. .. .. ..

495.0 4.0 521.8 11.5

632.3 0.5 642.0 8.1

818.7 0.2 836.7 4.4

817.8 0.1 831.9 1.4

809.8 0.0 823.7 0.0

935.4 0.0 949.1 0.0

1,124.1 0.0 1,137.7 0.0

.. 4.3 0.0 25.0 0.0 0.7 35.8 29.0 1.5 3.7

5.6 .. .. 23.5 0.0 0.7 38.4 26.7 1.6 3.5

6.5 .. .. 23.6 0.0 0.8 38.3 25.8 1.6 3.5

7.9 .. .. 23.2 0.0 0.7 39.9 23.4 1.8 3.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 5.2 0.0 20.8 0.0 1.4 34.3 32.5 1.5 4.3

.. 5.2 0.0 24.2 0.0 1.2 30.3 33.1 2.0 3.9

.. 4.0 0.0 25.5 0.0 0.7 34.4 30.1 1.6 3.7

367 MONGOLIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 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 0.0 .. .. 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION 187.4 .. .. 72.1 120.5 95.1 .. .. 116.3 77.5 .. .. -0.1 -0.1 0.7 .. .. 0.0 0.0 0.0 .. .. 0.0 0.0 0.0 .. .. -39.4 38.0 21.1 5.1 70.4 .. .. -4.7 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

-17.7 45.4 0.7 0.0 0.0 -60.3 -3.4

-11.5 52.8 1.6 0.0 0.0 -63.1 -2.7

151.0 72.4 -0.2 0.0 0.0 74.5 4.4

436.4 89.3 0.2 0.0 0.0 102.6 244.3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

2.6 36.2 9.8 62.3

1.9 39.8 10.0 69.9

0.8 39.7 10.2 80.5

1.2 31.9 9.3 72.6

1.0 34.0 9.1 74.4

1.2 33.5 8.5 71.8

1.2 19.4 5.4 53.9

.. .. .. ..

.. .. .. ..

.. .. .. ..

2.6 36.3 9.9 62.4

1.9 39.8 10.0 69.9

0.8 39.7 10.2 80.5

1.2 31.9 9.3 72.6

1.0 34.0 9.1 74.4

1.2 33.5 8.5 71.8

1.2 29.3 8.8 70.5

.. .. .. ..

.. .. .. ..

.. .. .. ..

2.5 3.8 1.3 15.6

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

1.2 10.4 2.4 38.8

.. .. .. 184 92 12 102 .. .. .. 183 92 12 102 .. .. .. 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

118 118 0

142 142 0

51 24 27

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

161.4 19.9 13.3

102.6 26.5 15.3

73.1 33.2 18.2

50.9 38.3 19.1

33.1 43.7 19.1

20.3 47.3 19.0

12.9 49.6 18.6

5.9 55.3 18.1

2.6 58.3 17.3

1.3 59.4 16.5

152.3 19.7 13.3

92.5 24.8 15.3

68.0 29.9 18.2

49.3 35.0 19.1

32.3 40.6 19.0

20.3 44.2 18.8

12.9 46.5 18.5

5.9 52.2 18.0

2.6 55.1 17.2

1.3 56.3 16.5

48.6 15.8 6.5

36.5 18.1 6.7

23.6 20.3 6.7

15.0 21.5 6.6

7.1 22.1 6.3

3.6 23.2 6.1

2.0 23.2 5.8

0.3 26.2 5.5

0.0 26.6 5.1

0.0 26.2 4.8

103.7 3.9 6.8

56.0 6.7 8.5

44.4 9.6 11.5

34.4 13.5 12.6

25.2 18.5 12.6

16.8 21.1 12.7

10.9 23.4 12.7

5.6 26.0 12.5

2.6 28.5 12.1

1.3 30.1 11.7

9.0 0.1 0.0

10.1 1.7 0.0

5.0 3.3 0.0

1.6 3.3 0.0

0.8 3.1 0.1

0.0 3.1 0.2

0.0 3.1 0.1

0.0 3.1 0.1

0.0 3.1 0.1

0.0 3.1 0.0

0.0 0.1 0.0

0.0 0.1 0.0

0.0 0.1 0.0

0.0 0.1 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

9.0 0.0 0.0

10.1 1.6 0.0

5.0 3.1 0.0

1.6 3.1 0.0

0.8 3.1 0.1

0.0 3.1 0.2

0.0 3.1 0.1

0.0 3.1 0.1

0.0 3.1 0.1

0.0 3.1 0.0

368 MOROCCO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

985 886 871 15 28 71 0 0 0 0 0 0 0

9,722 8,488 8,338 150 457 777 2 2 0 3 3 0 0

25,017 23,860 23,660 200 750 407 182 182 0 738 738 0 8,416

23,574 21,413 20,461 952 0 2,161 108 108 0 203 203 0 6,513

23,739 21,897 20,780 1,117 0 1,842 110 109 1 223 218 5 1,276

23,015 20,989 18,894 2,095 0 2,027 121 119 1 432 426 6 1,154

20,753 19,180 17,318 1,862 0 1,573 122 122 1 535 531 4 945

19,196 17,509 15,756 1,753 0 1,687 122 121 1 535 531 4 789

18,395 16,692 14,780 1,912 0 1,703 122 121 0 533 531 2 891

18,795 17,542 15,224 2,318 0 1,253 11 11 0 8 8 0 901

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

196 186 10 54 40 14 142 0 26 26 0 0 116 80 66 14 0

2,452 2,174 278 678 591 88 1,814 40 768 651 12 105 1,046 1,446 1,241 99 105

1,853 1,788 65 908 680 228 1,032 86 887 795 72 20 145 1,795 1,475 300 20

1,508 1,508 0 2,003 2,000 3 221 716 1,137 1,037 0 100 -916 3,140 3,036 3 100

1,683 1,683 0 1,769 1,769 0 -406 -321 1,126 1,021 0 106 -1,533 2,895 2,789 0 106

1,695 1,695 0 1,982 1,982 0 -114 174 1,172 1,071 0 102 -1,286 3,155 3,053 0 102

1,638 1,638 0 1,626 1,626 0 -443 -455 1,075 948 0 127 -1,518 2,702 2,575 0 127

1,189 1,189 0 1,656 1,656 0 -352 114 1,004 934 0 70 -1,356 2,659 2,589 0 70

1,447 1,447 0 2,586 2,586 0 -1,123 16 1,122 1,078 0 44 -2,245 3,708 3,664 0 44

2,290 2,290 0 2,964 2,964 0 -1,013 -339 1,329 1,298 0 31 -2,341 4,293 4,262 0 31

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

190 146 20 0 24 29 144 46

1,748 1,584 89 0 75 123 828 921

1,753 1,108 165 0 480 182 1,270 483

1,015 -491 1,188 38 281 215 -302 1,318

709 -85 417 24 353 228 -84 793

1,412 -288 1,376 6 318 230 224 1,188

643 12 423 18 191 193 -106 749

2,508 -466 2,808 -7 174 211 -354 2,863

-503 -1,139 481 -8 163 283 -575 72

1,844 -674 2,279 8 230 351 -552 2,395

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

165 26 0 126 39

1,049 651 49 692 357

889 795 69 690 199

-181 1,037 160 -1,106 925

-454 1,021 143 -864 409

155 1,071 186 -445 600

-573 948 268 -656 83

1,174 934 401 -1,012 2,186

-2,063 1,078 482 -1,501 -562

-48 1,298 594 -1,675 1,627

3,945 .. 0 .. 142 ..

18,402 4,324 1,054 5,807 814 -1,407

34,263 12,749 1,938 13,132 5,894 -167

32,470 12,890 2,161 13,686 5,017 -475

33,068 14,758 3,261 13,441 8,669 1,611

35,355 15,453 2,877 14,429 10,375 1,477

42,998 18,234 3,614 17,140 14,147 1,582

.. 25.0 .. .. 0.7 14.4 .. 7.2 63.2 6.0

224.8 52.8 33.4 17.7 4.2 8.4 1.7 8.0 27.9 7.4

180.5 67.2 24.7 9.2 3.4 25.6 5.4 8.8 28.6 28.7

161.0 63.9 21.0 8.3 3.3 24.2 4.4 7.6 29.5 29.6

130.1 58.1 18.0 6.8 3.0 45.2 7.7 8.8 30.1 30.0

119.0 52.0 24.0 7.3 3.2 56.4 8.6 9.3 31.6 30.9

103.1 43.7 23.5 7.3 3.1 75.3 9.9 6.7 29.1 31.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

24,835 8,328 2,006 8,853 2,338 -196

32,239 11,575 1,893 11,975 4,197 -87

34,784 12,175 2,011 12,653 4,638 -144

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

300.4 100.7 21.5 10.7 3.6 9.3 3.2 1.6 31.9 18.7

203.7 73.1 27.1 9.8 3.5 17.8 4.2 9.2 28.8 26.8

195.0 68.2 23.8 9.3 3.2 19.5 4.4 7.8 29.3 28.3

369 MOROCCO (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

886 871 742 59 3 683 620 129 31 0 98 15 0 15

8,488 8,338 3,519 723 79 2,796 2,638 4,818 173 2,807 1,839 150 0 150

23,860 23,660 16,981 4,687 405 12,294 7,570 6,679 0 3,963 2,716 200 0 200

56 3

539 39

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

186 179 145 16 2 130 90 33 0 0 33 8 0 8

1997

1998

1999

2000

2001

2002

2003

21,413 20,461 14,955 6,311 855 8,645 5,940 5,506 250 3,964 1,291 952 0 952

21,897 20,780 15,046 6,728 937 8,318 6,018 5,734 267 4,134 1,333 1,117 0 1,117

20,989 18,894 13,989 6,602 1,004 7,387 5,580 4,905 197 3,556 1,152 2,095 0 2,095

19,180 17,318 12,859 6,135 1,000 6,725 5,117 4,459 152 3,300 1,006 1,862 0 1,862

17,509 15,756 11,818 5,761 982 6,057 4,794 3,938 114 2,995 828 1,753 0 1,753

16,692 14,780 11,743 5,693 986 6,050 4,825 3,037 102 2,192 743 1,912 0 1,912

17,542 15,224 11,770 5,831 1,029 5,939 4,438 3,454 587 2,095 772 2,318 0 2,318

3,099 39

3,271 31

3,388 29

3,194 28

2,837 27

2,500 25

2,549 24

2,719 22

2,174 2,099 866 109 22 757 709 1,233 6 672 555 75 0 75

1,788 1,780 1,220 781 39 439 287 560 0 190 371 8 0 8

1,508 1,233 959 560 126 399 324 274 0 96 178 275 0 275

1,683 1,345 874 623 100 251 197 471 0 337 135 338 0 338

1,695 1,305 1,044 783 122 260 181 261 0 28 233 390 0 390

1,638 980 629 466 61 164 119 351 0 143 208 658 0 658

1,189 637 541 368 56 174 144 96 0 15 81 552 0 552

1,447 693 602 484 95 118 118 91 0 47 44 754 0 754

2,290 1,650 917 700 156 217 183 733 452 169 112 640 0 640

14 2

64 1

426 0

141 0

253 0

404 0

138 0

61 0

45 0

142 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

40 38 25 5 0 20 15 13 3 0 9 3 0 3

591 566 114 39 0 75 61 452 9 295 149 25 0 25

680 672 430 276 13 154 33 242 0 40 202 8 0 8

2,000 1,956 1,542 659 30 883 209 413 0 148 265 44 0 44

1,769 1,725 1,312 511 33 800 233 413 0 140 273 44 0 44

1,982 1,938 1,138 529 35 608 229 801 35 500 266 44 0 44

1,626 1,588 926 550 52 377 235 661 30 350 281 39 0 39

1,656 1,598 1,069 529 61 541 311 528 29 282 217 58 0 58

2,586 1,958 1,340 797 66 543 393 618 31 395 193 628 0 628

2,964 2,523 1,699 1,239 146 460 303 824 37 588 200 441 0 441

5 0

29 0

202 1

306 1

286 1

302 1

307 1

279 1

267 1

305 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

146 141 120 11 2 109 75 21 -3 0 24 5 0 5

1,584 1,534 752 70 22 682 648 781 -2 377 406 50 0 50

1,108 1,108 790 506 26 284 254 318 0 150 169 0 0 0

-491 -723 -583 -100 96 -483 115 -140 0 -52 -88 231 0 231

-85 -379 -438 112 66 -550 -36 58 0 197 -139 294 0 294

-288 -634 -94 254 87 -348 -48 -540 -35 -472 -33 346 0 346

12 -607 -297 -84 9 -213 -115 -311 -30 -207 -73 619 0 619

-466 -961 -528 -161 -5 -367 -166 -433 -29 -267 -136 494 0 494

-1,139 -1,265 -738 -313 30 -425 -275 -527 -31 -348 -149 126 0 126

-674 -873 -782 -539 10 -243 -120 -91 416 -419 -88 199 0 199

9 2

35 1

224 -1

-165 -1

-34 -1

102 -1

-169 -1

-218 -1

-222 -1

-163 -1

5. LONG-TERM DEBT

370 MOROCCO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

26 25 18 4 0 15 13 6 2 0 4 1 0 1

651 639 135 56 1 79 69 504 15 364 125 11 0 11

795 790 580 306 7 274 57 210 0 45 165 5 0 5

1,037 989 804 421 29 383 137 185 17 42 127 48 0 48

1,021 973 779 388 33 391 168 194 17 62 115 48 0 48

1,071 1,013 669 392 32 277 172 344 16 232 97 58 0 58

948 877 550 363 32 187 118 327 14 228 85 71 0 71

934 886 657 407 78 250 189 229 13 153 62 48 0 48

1,078 1,055 926 328 34 598 556 129 14 64 51 23 0 23

1,298 1,236 1,123 303 37 821 788 113 0 64 49 62 0 62

4 0

49 0

226 0

238 0

206 0

212 0

190 0

173 0

145 0

126 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

121 116 102 7 2 95 62 15 -5 0 20 4 0 4

933 894 617 14 21 603 579 277 -17 13 281 39 0 39

313 318 210 199 19 10 197 108 0 105 3 -5 0 -5

-1,528 -1,712 -1,387 -521 67 -866 -22 -325 -17 -93 -215 184 0 184

-1,106 -1,352 -1,217 -276 34 -941 -204 -135 -17 135 -253 246 0 246

-1,359 -1,647 -762 -138 55 -625 -219 -884 -51 -704 -129 288 0 288

-936 -1,484 -847 -447 -23 -400 -233 -638 -44 -435 -158 548 0 548

-1,400 -1,846 -1,185 -568 -83 -618 -355 -661 -42 -420 -199 446 0 446

-2,217 -2,320 -1,664 -641 -5 -1,023 -831 -656 -45 -412 -200 103 0 103

-1,971 -2,109 -1,905 -841 -26 -1,063 -908 -204 416 -483 -137 138 0 138

5 2

-14 0

-2 -1

-403 -2

-240 -2

-109 -2

-359 -2

-391 -2

-367 -2

-289 -2

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

66 62 44 9 0 35 28 19 5 0 14 3 0 3

1,241 1,205 249 95 1 154 130 956 23 659 274 36 0 36

1,475 1,462 1,010 582 20 428 90 452 0 85 367 13 0 13

3,036 2,945 2,346 1,080 59 1,265 346 599 17 190 392 92 0 92

2,789 2,698 2,091 899 66 1,191 401 607 17 202 388 92 0 92

3,053 2,951 1,806 921 67 885 401 1,145 51 732 362 102 0 102

2,575 2,465 1,476 912 84 564 353 988 44 578 366 110 0 110

2,589 2,484 1,727 935 139 791 499 757 42 435 279 106 0 106

3,664 3,013 2,266 1,125 100 1,141 949 747 45 459 244 651 0 651

4,262 3,759 2,822 1,542 183 1,280 1,091 937 37 652 249 503 0 503

9 0

78 0

428 1

544 2

493 2

514 2

497 2

451 2

412 2

431 2

242 221 21

2,291 1,882 409

4,093 3,422 671

4,478 3,915 563

4,199 3,690 509

4,504 3,791 712

3,655 3,221 434

3,973 3,661 312

4,867 4,516 352

5,372 5,161 211

622 15 864 23

2,717 2,626 8,283 204

7,975 7,827 23,596 264

6,794 8,273 20,246 1,167

6,955 8,554 20,587 1,311

6,584 8,784 18,715 2,274

6,117 7,825 17,159 2,021

5,776 7,077 15,655 1,854

5,811 6,820 14,679 2,014

5,466 7,090 15,117 2,425

36.2 .. .. 3.4 0.1 0.2 37.0 8.7 0.3 14.1

38.4 .. .. 4.0 0.0 0.2 34.8 7.1 0.2 15.3

47.4 .. .. 4.8 0.0 0.2 27.9 5.3 0.2 14.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 11.7 29.5 0.0 0.0 0.1 40.9 6.8 0.0 11.0

.. 3.7 26.4 1.8 0.4 0.3 51.6 6.6 0.2 9.0

.. 5.2 24.5 2.2 0.1 0.2 40.1 15.4 0.1 12.1

.. 6.4 20.2 2.3 0.1 0.2 31.1 20.3 0.2 19.1

.. 6.4 21.5 2.5 0.1 0.2 38.3 10.5 0.2 20.4

.. 5.7 19.4 3.1 0.1 0.2 38.2 10.3 0.2 22.9

.. 5.4 19.4 3.3 0.1 0.1 37.5 9.4 0.2 24.5

371 MOROCCO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 4,118 0 0 0 .. 2,732 0 0 0 .. 591 0 0 0 .. 389 0 0 0 .. 203 0 0 0 .. 219 0 0 0 .. 137 0 0 0 .. 82 0 0 0 .. 31 5 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION -724 .. 2,774 -701 165 1,814 1,032 221 -406 -114 .. 43 12 2 11 .. 219 0 0 0 0 0 .. -31 -5 701 -1,211 .. 1,099 -1,485 555 -131 590 .. 412 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 117 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

-2,263 -443 1 0 -117 -738 -965

-1,556 -352 0 0 0 -557 -647

-801 -1,123 0 0 0 1,364 -1,041

400 -1,013 -111 0 0 1,458 65

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 142 .. .. .. .. ..

4.3 27.4 7.4 38.1

8.1 18.7 5.3 14.4

6.8 19.9 6.2 24.0

5.1 16.1 5.1 29.5

3.8 17.5 5.8 39.6

3.6 17.1 4.7 38.5

3.6 22.7 5.9 43.5

3.7 19.2 5.4 39.6

3.5 18.2 4.3 39.8

4.1 16.0 4.8 32.8

3.9 32.0 8.8 44.0

4.1 20.8 5.3 39.5

5.4 24.1 8.3 36.1

4.6 18.2 5.7 34.3

2.9 21.1 6.3 48.7

3.2 19.4 5.8 44.6

3.5 24.3 6.3 46.3

3.7 19.2 5.4 39.6

3.5 18.5 4.4 40.6

3.9 20.0 5.2 37.9

6.1 8.6 1.7 13.7

11.7 16.7 5.3 -8.1

9.7 11.6 2.1 0.0

6.5 9.6 3.4 14.7

5.3 11.2 4.9 23.5

4.8 10.3 1.7 21.2

4.8 10.7 2.8 23.5

6.8 8.6 2.4 8.0

5.1 11.5 0.4 18.7

4.5 8.5 4.1 23.2

251 2,109 2,406 1,972 1,199 2,025 504 201 999 1,602 1,490 766 1,501 444 50 1,110 805 482 433 524 60 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,392 1,391 1

1,094 1,052 42

2,111 1,380 731

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,673 3,683 727

1,415 2,097 636

904 1,812 569

520 1,692 505

311 2,102 445

184 1,581 359

102 1,499 299

35 980 245

11 885 209

4 765 178

1,534 1,496 544

1,359 1,435 510

890 1,266 466

518 1,201 421

311 1,161 374

184 1,154 326

102 1,090 278

35 925 235

11 837 200

4 718 172

732 716 254

668 719 234

422 601 209

256 576 189

134 557 168

70 565 147

35 554 124

13 437 103

3 396 89

1 334 78

802 781 290

691 717 275

468 666 258

262 626 232

177 604 206

114 589 180

67 536 155

22 489 132

8 441 112

3 384 94

139 2,186 183

56 661 126

14 546 102

2 491 85

0 941 71

0 427 33

0 409 21

0 54 10

0 48 8

0 47 6

65 1,593 57

25 106 23

4 93 18

0 68 15

0 63 12

0 51 10

0 40 7

0 30 6

0 27 5

0 27 4

74 594 126

31 555 103

10 453 84

2 423 70

0 878 59

0 376 24

0 369 14

0 25 5

0 20 4

0 20 3

372 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

4,650 4,231 4,211 19 74 345 207 76 131 725 373 352 986

7,632 7,123 5,211 1,912 189 320 202 200 2 1,177 1,174 3 1,492

8,289 7,717 5,960 1,757 207 365 249 247 2 1,184 1,181 3 1,056

6,977 6,390 4,643 1,747 200 387 158 156 2 221 219 2 1,162

7,046 6,262 4,545 1,717 219 564 399 390 9 521 508 13 921

4,564 3,871 2,321 1,550 196 497 225 216 9 189 186 2 871

4,766 4,195 2,683 1,513 200 371 244 243 1 191 189 2 417

4,930 4,381 2,992 1,389 209 339 277 273 4 198 196 2 413

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

242 230 12 41 41 0 173 -28 38 23 0 15 136 79 64 0 15

300 265 35 64 49 15 335 100 45 41 1 3 290 110 91 16 3

258 224 34 64 39 25 192 -2 40 36 0 3 152 104 75 25 3

158 130 29 58 41 17 213 113 49 41 2 6 165 107 82 19 6

184 124 60 58 58 0 62 -64 32 20 1 11 30 90 78 1 11

145 134 11 72 72 0 180 107 19 8 1 10 161 91 80 1 10

281 270 11 53 48 5 82 -146 23 15 1 8 59 76 62 6 8

222 210 12 61 53 9 96 -64 27 23 1 3 70 88 76 10 3

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

948 189 9 0 750 92 913 35

798 216 64 0 518 162 732 66

1,072 185 213 0 674 150 863 209

1,096 89 382 0 626 156 725 371

931 67 139 0 725 174 822 109

973 62 255 0 656 166 748 225

2,240 222 348 0 1,671 201 1,918 323

1,097 158 337 0 602 228 783 313

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

925 23 0 897 29

757 41 0 692 65

1,036 36 0 835 201

1,049 41 6 691 358

911 20 0 803 108

945 8 20 740 205

2,198 15 28 1,903 295

1,031 23 42 760 271

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

2,320 300 70 1,164 232 -415

3,663 577 46 1,320 628 -429

3,777 637 38 1,711 669 -912

3,453 769 37 1,763 744 -764

3,130 1,073 42 1,906 729 -657

3,409 1,100 53 2,421 841 -712

4,108 1,270 69 1,998 1,009 -516

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

1,550.9 200.4 26.2 12.6 1.6 5.0 2.4 7.4 44.8 10.0

1,436.4 226.3 17.9 6.9 1.1 7.6 5.7 4.4 48.9 22.8

1,095.6 184.7 16.8 7.6 1.3 9.6 4.7 5.5 50.4 15.4

916.6 204.0 11.7 4.2 0.9 10.6 5.1 8.0 49.4 15.9

425.5 145.8 8.5 1.7 0.6 16.0 4.6 10.9 47.5 25.9

433.4 139.8 6.9 2.1 0.7 17.7 4.2 7.8 53.1 31.3

388.2 120.0 6.9 2.1 0.7 20.5 6.1 6.9 57.4 36.9

3. MAJOR ECONOMIC AGGREGATES 3,218 572 64 1,181 537 -296

4. DEBT INDICATORS 1,333.5 237.2 19.2 7.9 1.4 7.0 5.5 4.2 41.7 21.2

373 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

4,231 4,211 3,560 464 405 3,097 1,677 651 0 147 504 19 0 19

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

7,123 5,211 5,193 1,618 1,533 3,575 1,651 18 0 2 17 1,912 0 1,912

7,717 5,960 5,948 1,887 1,803 4,060 2,251 13 0 1 12 1,757 0 1,757

6,390 4,643 4,632 1,078 1,013 3,554 2,502 12 0 1 11 1,747 0 1,747

6,262 4,545 4,534 1,122 1,074 3,413 2,407 11 0 0 11 1,717 0 1,717

3,871 2,321 2,318 1,183 1,136 1,135 1,033 3 0 0 3 1,550 0 1,550

4,195 2,683 2,680 1,494 1,453 1,186 1,080 3 0 0 3 1,513 0 1,513

4,381 2,992 2,990 1,818 1,779 1,172 1,051 2 0 0 2 1,389 0 1,389

0 268

0 1,160

0 1,335

0 702

0 760

0 777

0 985

0 1,232

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

230 210 186 95 89 91 91 24 0 0 24 20 0 20

265 259 259 244 224 15 15 0 0 0 0 6 0 6

224 224 224 219 216 4 4 0 0 0 0 0 0 0

130 130 130 119 118 11 10 0 0 0 0 0 0 0

124 124 124 122 120 3 3 0 0 0 0 0 0 0

134 134 134 124 118 10 3 0 0 0 0 0 0 0

270 270 270 240 238 30 25 0 0 0 0 0 0 0

210 210 210 202 198 8 8 0 0 0 0 0 0 0

.. ..

.. ..

0 74

0 148

0 131

0 79

0 97

0 52

0 149

0 156

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

41 29 23 9 4 13 5 7 0 3 3 12 0 12

49 45 44 16 9 28 24 1 0 0 1 4 0 4

39 35 35 19 11 16 13 0 0 0 0 4 0 4

41 31 31 14 7 16 14 0 0 0 0 10 0 10

58 28 27 12 8 15 15 1 0 1 0 30 0 30

72 42 42 30 19 12 12 0 0 0 0 30 0 30

48 23 23 11 6 12 11 0 0 0 0 25 0 25

53 29 29 13 8 16 12 0 0 0 0 24 0 24

.. ..

.. ..

0 0

0 2

0 3

0 1

0 2

0 3

0 2

0 2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

189 181 164 86 85 77 85 17 0 -3 21 8 0 8

216 214 215 227 216 -13 -9 -1 0 0 -1 2 0 2

185 189 189 200 205 -12 -9 0 0 0 0 -4 0 -4

89 99 99 105 111 -6 -4 0 0 0 0 -10 0 -10

67 97 97 110 111 -12 -12 -1 0 -1 0 -30 0 -30

62 92 92 94 99 -2 -9 0 0 0 0 -30 0 -30

222 247 247 229 232 18 15 0 0 0 0 -25 0 -25

158 181 181 189 191 -8 -5 0 0 0 0 -24 0 -24

.. ..

.. ..

0 74

0 147

0 128

0 78

0 96

0 49

0 147

0 154

5. LONG-TERM DEBT

374 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

23 22 17 7 3 10 6 6 0 1 5 0 0 0

41 41 40 16 11 25 16 0 0 0 0 1 0 1

36 28 28 17 13 11 10 0 0 0 0 8 0 8

41 33 33 13 12 21 20 0 0 0 0 8 0 8

20 20 20 9 7 11 10 0 0 0 0 0 0 0

8 8 8 6 5 2 2 0 0 0 0 0 0 0

15 15 15 11 10 3 3 0 0 0 0 0 0 0

23 23 23 12 11 11 10 0 0 0 0 0 0 0

.. ..

.. ..

0 1

0 8

0 9

0 11

0 4

0 4

0 5

0 6

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

166 158 147 80 82 67 79 11 0 -5 16 8 0 8

175 173 174 212 205 -38 -25 -1 0 0 -1 1 0 1

149 161 161 184 193 -23 -19 0 0 0 0 -12 0 -12

47 65 66 92 99 -26 -25 -1 0 -1 0 -18 0 -18

47 77 77 101 105 -24 -21 -1 0 -1 0 -30 0 -30

54 84 84 88 93 -4 -10 0 0 0 0 -30 0 -30

208 233 233 218 222 15 12 0 0 0 0 -25 0 -25

135 158 158 177 179 -19 -14 0 0 0 0 -24 0 -24

.. ..

.. ..

0 73

0 139

0 119

0 67

0 92

0 44

0 142

0 147

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

64 52 39 16 7 23 11 12 0 5 8 12 0 12

91 86 85 32 20 53 40 1 0 0 1 5 0 5

75 63 63 36 23 27 23 0 0 0 0 12 0 12

82 65 64 27 19 37 35 1 0 1 0 18 0 18

78 48 47 20 15 27 24 1 0 1 0 30 0 30

80 50 50 36 25 14 14 0 0 0 0 30 0 30

62 37 37 22 16 15 14 0 0 0 0 25 0 25

76 52 52 25 19 27 22 0 0 0 0 24 0 24

.. ..

.. ..

0 1

0 9

0 12

0 12

0 6

0 7

0 6

0 9

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

835 822 13

892 892 0

716 716 0

873 873 0

926 926 0

1,072 1,072 0

1,128 1,128 0

1,070 1,070 0

.. .. .. ..

.. .. .. ..

2,083 290 4,211 19

3,185 2,352 5,211 1,912

4,055 2,156 5,960 1,757

3,515 2,122 4,643 1,747

3,480 2,089 4,545 1,717

2,170 1,564 2,321 1,550

2,533 1,530 2,683 1,513

2,829 1,415 2,992 1,389

.. 4.1 8.8 1.9 2.2 0.0 67.7 5.7 1.5 8.2

7.7 .. .. 0.0 0.0 0.0 72.4 7.8 3.1 9.0

7.6 .. .. 0.0 0.0 0.0 71.4 7.0 3.1 10.8

6.0 .. .. 0.0 0.0 0.0 72.3 6.9 3.2 11.5

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 5.0 12.1 1.8 2.4 0.0 52.8 4.7 1.3 19.8

.. 4.0 8.8 1.7 2.2 0.0 61.8 8.4 1.1 12.0

.. 3.9 8.8 1.8 2.0 0.0 62.0 8.0 1.1 12.5

.. 4.3 9.3 2.1 2.5 0.0 65.9 6.1 1.5 8.3

375 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 386 132 596 669 .. 0 0 3 0 .. 225 50 142 386 .. 133 48 141 386 .. 92 2 0 0 .. 118 64 84 83 .. 83 63 84 83 .. 35 1 0 0 .. 210 215 21 41 .. 14 8 0 1 .. 950 0 7 819 .. 0 0 0 325 8. DEBT STOCK-FLOW RECONCILIATION -1,313 .. 287 66 657 192 213 .. 173 335 .. -62 38 47 -91 .. 118 64 84 83 -28 -535 .. -1,160 -215 .. 176 -322 -13 -947 -36 .. 1,041 166 375 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 1 1 0 0 0 0 7 2 37 0

290 264 2 2 0 3 3 0 27 289 2,241 0

0 0 0 0 0 0 0 0 28 2 5 0

0 0 0 0 0 0 0 0 82 2 0 0

69 62 241 0 -44 -262 72

-2,482 180 -174 3 -2,267 -91 -132

202 82 20 0 -33 121 12

164 96 33 0 -82 158 -42

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

1.4 35.0 9.2 71.8

1.5 41.9 9.7 73.5

0.8 42.9 10.5 81.6

0.7 40.6 10.2 80.8

0.8 46.7 12.9 82.9

0.8 39.4 0.4 78.7

0.9 35.8 9.2 76.0

0.8 43.4 10.3 81.0

.. .. .. ..

.. .. .. ..

1.3 35.2 9.2 72.3

1.5 41.9 9.7 73.5

0.8 42.9 10.5 81.6

0.7 40.6 10.2 80.8

0.8 46.7 12.9 82.9

0.8 39.4 0.4 78.7

0.9 35.8 9.2 76.0

0.8 43.4 10.3 81.0

.. .. .. ..

.. .. .. ..

9.0 4.9 2.9 2.4

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

.. .. 177 303 51 310 238 .. .. 176 303 51 310 238 .. .. 1 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

331 331 0

267 267 0

69 69 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

194 114 49

208 119 48

182 125 46

149 129 45

125 133 44

81 132 42

60 139 40

34 147 38

21 157 36

9 126 34

194 90 44

208 94 43

182 95 43

149 99 41

125 101 40

81 100 38

60 109 37

34 115 35

21 122 33

9 89 31

4 60 26

3 60 24

2 60 23

1 60 21

1 58 19

1 57 17

0 57 16

0 56 14

0 57 12

0 19 11

190 31 18

205 33 19

180 34 20

148 39 20

124 43 21

81 44 21

59 52 21

34 58 21

20 64 20

9 71 20

0 23 5

0 26 5

0 30 4

0 30 4

0 32 4

0 32 4

0 30 3

0 32 3

0 36 3

0 37 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 23 5

0 26 5

0 30 4

0 30 4

0 32 4

0 32 4

0 30 3

0 32 3

0 36 3

0 37 3

376 MYANMAR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

123 106 106 0 16 0 0 0 0 0 0 0 0

1,500 1,390 1,390 0 106 4 0 0 0 0 0 0 0

4,695 4,466 4,466 0 0 229 200 168 32 376 291 85 282

5,503 5,069 5,069 0 0 434 390 332 58 1,349 1,113 236 747

5,647 5,053 5,053 0 0 594 456 401 55 1,532 1,290 241 412

6,004 5,337 5,337 0 0 666 509 459 50 1,803 1,562 241 368

5,928 5,242 5,242 0 0 686 488 442 46 1,738 1,516 222 254

5,670 5,007 5,007 0 0 664 500 454 46 1,802 1,583 218 229

6,583 5,391 5,391 0 0 1,192 632 577 54 2,203 1,958 245 294

7,318 5,857 5,857 0 0 1,461 745 684 61 2,613 2,343 270 343

22 22 0 20 20 0 1 0 3 3 0 0 -2 23 23 0 0

282 269 13 89 66 23 171 -22 52 45 4 3 119 141 112 26 3

122 122 0 46 44 2 91 14 14 13 0 2 76 60 57 2 2

615 615 0 101 101 0 544 29 15 13 0 2 529 116 114 0 2

214 214 0 79 79 0 230 94 14 9 0 5 216 93 88 0 5

64 64 0 64 64 0 18 19 32 24 0 8 -14 96 88 0 8

15 15 0 71 71 0 -16 41 16 4 0 12 -31 87 75 0 12

9 9 0 70 70 0 -95 -34 13 5 0 8 -109 84 76 0 8

5 5 0 94 94 0 308 397 19 8 0 11 289 113 102 0 11

3 3 0 93 93 0 66 155 28 14 0 14 38 121 107 0 14

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

16 1 0 0 15 6 9 6

269 202 0 0 66 31 240 29

278 78 163 0 37 34 123 155

978 514 391 0 73 32 45 933

520 135 318 0 67 35 119 401

284 -1 256 0 29 39 42 242

247 -56 258 0 45 51 55 192

213 -61 210 0 64 56 65 147

178 -89 191 0 75 60 47 131

114 -90 134 0 70 53 16 98

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

13 3 0 7 5

224 45 0 219 5

118 13 147 113 5

965 13 0 35 930

512 9 0 116 396

225 24 35 22 203

107 4 137 55 51

-280 5 488 63 -344

-416 8 585 40 -456

-513 14 613 3 -516

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0 .. 98 ..

.. 499 0 931 409 -350

.. 328 6 797 410 -436

.. 1,859 137 2,858 382 -499

.. 1,955 136 2,527 333 -285

.. 2,252 104 2,662 286 -212

.. 2,963 117 3,249 464 -169

.. 3,037 108 3,107 549 10

.. 2,892 78 2,920 647 50

.. .. .. .. .. 80.2 .. 0.0 45.9 12.1

300.3 .. 28.3 10.5 .. 27.2 5.3 0.3 72.7 18.7

1,433.2 .. 18.4 4.4 .. 8.7 6.2 4.9 87.6 26.3

303.8 .. 5.0 0.8 .. 6.8 1.6 10.5 77.5 21.2

307.1 .. 4.9 1.6 .. 5.5 1.6 11.1 78.4 20.8

263.3 .. 3.9 0.7 .. 4.8 1.3 11.6 70.4 19.4

191.4 .. 2.8 0.5 .. 8.2 1.7 11.7 70.7 20.0

216.8 .. 3.7 0.6 .. 8.3 2.1 18.1 66.9 18.5

253.0 .. 4.2 1.0 .. 8.8 2.7 20.0 66.5 17.9

3. MAJOR ECONOMIC AGGREGATES .. 1,665 149 2,594 317 -416

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

330.4 .. 7.0 0.9 .. 5.8 1.5 7.9 74.1 21.3

377 MYANMAR (US$ million, unless otherwise indicated) 1970

1980

1990

106 106 72 15 0 57 56 34 0 0 34 0 0 0

1,390 1,390 1,109 280 274 829 817 281 0 51 231 0 0 0

4,466 4,466 4,216 1,234 1,228 2,982 2,884 250 0 0 250 0 0 0

15 0

0 146

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

22 22 2 0 0 2 2 19 0 0 19 0 0 0

1997

1998

1999

2000

2001

2002

2003

5,069 5,069 4,177 1,171 1,170 3,006 2,909 892 0 440 452 0 0 0

5,053 5,053 4,476 1,199 1,199 3,277 3,175 577 0 38 539 0 0 0

5,337 5,337 4,806 1,250 1,250 3,555 3,453 531 0 4 527 0 0 0

5,242 5,242 4,262 1,148 1,148 3,114 3,024 980 0 546 434 0 0 0

5,007 5,007 4,095 1,133 1,133 2,962 2,876 911 0 546 365 0 0 0

5,391 5,391 4,506 1,216 1,216 3,290 3,188 884 0 546 338 0 0 0

5,857 5,857 4,979 1,308 1,308 3,672 3,556 878 0 546 332 0 0 0

0 716

0 724

0 727

0 723

0 684

0 693

0 729

0 762

269 269 199 38 38 161 160 70 0 15 55 0 0 0

122 122 119 68 68 51 51 3 0 0 3 0 0 0

615 615 33 0 0 33 33 583 0 440 143 0 0 0

214 214 100 0 0 100 100 114 0 0 114 0 0 0

64 64 34 0 0 34 34 29 0 0 29 0 0 0

15 15 12 1 1 11 11 3 0 0 3 0 0 0

9 9 7 2 2 6 6 2 0 0 2 0 0 0

5 5 5 1 1 3 3 1 0 0 1 0 0 0

3 3 3 1 1 2 2 0 0 0 0 0 0 0

0 0

0 23

0 57

0 0

0 0

0 0

0 0

0 0

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

20 20 8 2 0 5 5 13 0 0 13 0 0 0

66 66 25 0 0 25 18 41 0 13 28 0 0 0

44 44 33 15 14 18 18 11 0 0 11 0 0 0

101 101 61 19 18 42 42 40 0 0 40 0 0 0

79 79 48 2 2 46 45 31 0 0 31 0 0 0

64 64 22 4 4 18 17 43 0 0 43 0 0 0

71 71 2 2 2 0 0 69 0 0 69 0 0 0

70 70 6 2 2 4 4 65 0 0 65 0 0 0

94 94 34 2 2 31 31 61 0 0 61 0 0 0

93 93 57 2 2 55 55 35 0 0 35 0 0 0

2 0

0 0

0 3

0 7

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 -5 -2 0 -3 -2 6 0 0 6 0 0 0

202 202 173 38 38 135 142 29 0 2 27 0 0 0

78 78 86 53 54 33 33 -8 0 0 -8 0 0 0

514 514 -28 -19 -18 -9 -9 542 0 440 102 0 0 0

135 135 52 -2 -2 54 55 83 0 0 83 0 0 0

-1 -1 13 -4 -4 17 18 -13 0 0 -13 0 0 0

-56 -56 10 -1 -1 11 11 -66 0 0 -66 0 0 0

-61 -61 2 0 0 2 2 -63 0 0 -63 0 0 0

-89 -89 -29 -1 -1 -28 -28 -60 0 0 -60 0 0 0

-90 -90 -55 -1 -1 -53 -53 -35 0 0 -35 0 0 0

-2 0

0 23

0 53

0 -7

0 0

0 0

0 0

0 0

0 0

0 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

378 MYANMAR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

3 3 2 1 0 1 1 1 0 0 1 0 0 0

45 45 21 3 2 19 17 24 0 8 16 0 0 0

13 13 10 10 10 0 0 2 0 0 2 0 0 0

13 13 10 7 7 3 1 3 0 0 3 0 0 0

9 9 3 0 0 3 2 5 0 0 5 0 0 0

24 24 20 1 1 19 17 4 0 0 4 0 0 0

4 4 0 0 0 0 0 3 0 0 3 0 0 0

5 5 2 0 0 2 2 3 0 0 3 0 0 0

8 8 7 0 0 6 6 1 0 0 1 0 0 0

14 14 13 0 0 12 12 2 0 0 2 0 0 0

1 0

0 1

0 5

0 4

0 0

0 0

0 0

0 0

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-2 -2 -7 -3 0 -4 -3 5 0 0 5 0 0 0

157 157 152 36 36 117 125 5 0 -6 11 0 0 0

65 65 76 43 44 33 33 -10 0 0 -10 0 0 0

501 501 -38 -26 -25 -13 -10 539 0 440 99 0 0 0

127 127 49 -3 -3 52 53 78 0 0 78 0 0 0

-24 -24 -7 -4 -4 -2 0 -18 0 0 -18 0 0 0

-60 -60 10 -1 -1 11 11 -70 0 0 -70 0 0 0

-67 -67 -1 0 0 0 0 -66 0 0 -66 0 0 0

-97 -97 -35 -1 -1 -34 -34 -62 0 0 -62 0 0 0

-104 -104 -67 -2 -2 -65 -65 -37 0 0 -37 0 0 0

-3 0

0 22

0 48

0 -11

0 0

0 0

0 0

0 0

0 0

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

23 23 10 3 0 6 6 14 0 0 14 0 0 0

112 112 47 3 2 44 35 65 0 21 44 0 0 0

57 57 44 25 24 19 19 13 0 0 13 0 0 0

114 114 71 26 25 45 43 43 0 0 43 0 0 0

88 88 51 3 3 49 47 36 0 0 36 0 0 0

88 88 41 5 5 37 34 47 0 0 47 0 0 0

75 75 2 2 2 0 0 73 0 0 73 0 0 0

76 76 8 2 2 6 6 68 0 0 68 0 0 0

102 102 40 3 3 38 38 62 0 0 62 0 0 0

107 107 70 2 2 67 67 37 0 0 37 0 0 0

3 0

0 1

0 9

0 11

0 0

0 0

0 0

0 0

0 0

0 0

106 74 32

1,282 1,072 210

914 890 24

745 615 130

560 507 52

551 528 23

34 32 3

25 23 1

12 12 0

10 10 0

56 0 106 0

1,090 69 1,390 0

4,112 0 4,466 0

4,079 440 5,069 0

4,374 38 5,053 0

4,704 4 5,337 0

4,172 546 5,242 0

4,009 546 5,007 0

4,404 546 5,391 0

4,863 546 5,857 0

.. 8.4 1.0 45.3 1.2 0.0 34.9 6.1 0.0 3.1

10.4 .. .. 44.2 1.3 0.0 35.5 6.0 0.0 2.5

12.0 .. .. 45.1 1.3 0.0 32.8 6.2 0.0 2.6

12.2 .. .. 46.9 1.4 0.0 30.6 6.5 0.0 2.4

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 15.4 0.0 0.0 31.2 0.0 21.7 14.0 0.0 17.7

.. 11.6 2.6 42.8 4.3 0.2 23.3 7.7 0.0 7.5

.. 12.4 3.0 46.8 1.7 0.0 24.3 7.6 0.0 4.1

.. 10.3 1.2 44.5 1.5 0.0 33.4 6.0 0.0 3.1

.. 10.5 1.2 48.8 1.4 0.0 28.5 6.4 0.0 3.3

.. 8.8 1.0 52.5 1.3 0.0 26.2 6.9 0.0 3.2

379 MYANMAR (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 504 319 144 357 .. 171 91 544 230 18 54 .. 90 24 66 .. 0 0 0 0 .. 0 0 0 0 .. 306 -296 216 301 .. 18 47 -367 -16 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-76 -16 -21 0 0 -577 538

-258 -95 11 0 0 -173 0

913 308 132 0 0 468 5

735 66 113 0 0 555 1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 1 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

4.2 15.6 4.4 32.1

3.5 29.0 7.4 52.2

2.7 13.7 3.4 39.3

7.0 12.5 1.4 12.7

3.3 7.6 3.0 25.8

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

2.7 28.3 7.9 56.9

1.6 37.0 9.6 71.0

1.5 16.7 5.2 53.3

2.8 15.6 5.5 43.4

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

5.3 6.3 1.8 13.9

8.0 10.4 2.2 8.5

3.5 11.6 2.1 29.4

7.2 12.4 1.2 11.7

3.3 7.6 3.0 25.8

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

42 605 42 514 27 0 0 18 423 17 16 0 0 0 24 182 24 498 27 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2 340 56

1 320 49

1 307 43

1 291 36

0 284 30

0 263 24

0 228 18

0 129 14

0 120 12

0 106 10

2 229 39

1 222 35

1 220 31

1 212 27

0 206 23

0 185 20

0 149 17

0 129 14

0 120 12

0 106 10

1 164 28

1 162 25

0 160 21

0 153 18

0 146 15

0 127 11

0 91 9

0 70 7

0 62 5

0 44 4

1 65 11

0 61 11

0 60 10

0 59 9

0 60 9

0 58 8

0 58 8

0 58 7

0 59 7

0 62 6

0 110 17

0 98 14

0 86 11

0 79 9

0 78 7

0 78 4

0 78 2

0 0 0

0 0 0

0 0 0

0 78 16

0 78 14

0 78 11

0 78 9

0 78 7

0 78 4

0 78 2

0 0 0

0 0 0

0 0 0

0 32 1

0 20 0

0 8 0

0 1 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

380 NEPAL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

3 3 3 0 0 0 0 0 0 0 0 0 0

205 156 156 0 42 7 0 0 0 0 0 0 0

1,640 1,572 1,572 0 44 24 4 4 0 6 6 0 109

2,390 2,332 2,332 0 30 28 1 1 0 9 4 5 82

2,646 2,591 2,591 0 24 31 1 1 0 9 4 4 16

2,993 2,933 2,933 0 18 43 0 0 0 2 1 1 14

2,846 2,805 2,805 0 12 29 0 0 0 1 1 0 13

2,716 2,654 2,654 0 8 54 0 0 0 1 1 0 14

2,972 2,929 2,929 0 4 40 0 0 0 0 0 0 11

3,253 3,176 3,176 0 11 66 0 0 0 0 0 0 32

1 1 0 2 2 0 -2 0 0 0 0 0 -2 2 2 0 0

68 50 18 3 2 1 61 -5 5 2 1 2 56 8 4 1 2

168 168 0 41 29 12 129 2 29 25 2 2 100 70 54 14 2

214 214 0 70 63 7 146 3 28 26 0 1 119 98 89 7 1

177 177 0 61 54 7 118 2 27 26 0 2 91 88 80 7 2

168 168 0 75 69 6 106 13 32 30 0 2 74 107 99 6 2

154 154 0 72 67 4 69 -14 30 28 0 3 38 102 95 4 3

112 112 0 65 61 4 71 25 28 26 0 2 44 93 87 4 2

70 70 0 74 70 4 -19 -14 28 27 0 1 -47 102 97 4 1

240 230 10 82 79 3 184 26 31 30 0 1 153 113 109 3 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

7 -2 0 0 9 8 7 0

127 48 0 0 79 50 127 0

282 139 0 0 143 106 296 -14

313 151 23 0 140 133 307 6

251 123 12 0 117 138 252 -1

247 99 0 0 148 107 260 -13

230 86 0 0 143 108 238 -8

234 51 0 0 183 123 234 0

198 0 -6 0 204 132 205 -6

383 151 15 0 218 150 369 14

7 0 0 7 0

125 2 0 125 0

257 25 0 282 -25

287 26 0 285 2

226 26 0 230 -4

217 30 0 232 -15

202 28 0 211 -9

208 26 0 208 0

127 27 45 178 -51

312 30 42 339 -28

866 .. 0 .. 94 ..

1,958 272 0 419 272 -39

4,863 1,160 68 1,462 800 -67

5,046 1,407 83 1,735 889 -79

5,514 1,466 111 1,825 987 -131

5,598 1,351 147 1,759 1,080 -165

5,554 1,649 678 1,733 1,070 215

5,843 1,873 785 2,016 1,286 171

.. 0.3 .. .. 0.0 3,366.8 .. 0.0 69.5 7.2

75.3 10.4 2.9 1.9 0.3 133.0 7.8 3.4 75.7 62.0

228.1 54.4 7.6 2.4 0.6 30.2 6.6 1.2 96.7 84.4

212.8 59.3 7.6 2.3 0.6 29.7 6.2 1.4 97.5 84.9

194.2 51.6 7.0 2.1 0.5 34.7 6.5 1.0 98.4 86.3

201.0 48.5 6.9 2.1 0.5 39.8 7.4 2.0 97.6 86.7

180.2 53.5 6.2 1.7 0.5 36.0 7.4 1.3 98.3 88.1

173.7 55.7 6.0 1.6 0.5 39.5 7.7 2.0 97.4 84.2

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

3,640 447 0 845 354 -289

4,926 1,361 49 1,945 671 -388

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

366.6 45.1 15.7 6.5 0.8 21.6 5.0 1.5 88.5 77.3

175.7 48.5 7.2 2.0 0.6 28.1 4.1 1.2 95.8 83.2

381 NEPAL (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 2 0 0 2 2 1 0 0 1 0 0 0

156 156 156 127 126 29 28 0 0 0 0 0 0 0

1,572 1,572 1,461 1,268 1,259 193 193 110 0 0 110 0 0 0

0 0

0 76

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 1 0 0 0 0 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

2,332 2,332 2,291 1,989 1,987 302 302 41 0 0 41 0 0 0

2,591 2,591 2,561 2,233 2,231 328 328 29 0 0 29 0 0 0

2,933 2,933 2,920 2,541 2,541 379 379 13 0 0 13 0 0 0

2,805 2,805 2,800 2,457 2,457 343 343 5 0 0 5 0 0 0

2,654 2,654 2,650 2,354 2,354 295 295 5 0 0 5 0 0 0

2,929 2,929 2,923 2,619 2,619 304 304 5 0 0 5 0 0 0

3,176 3,176 3,170 2,738 2,738 432 432 6 0 0 6 0 0 0

0 667

0 1,047

0 1,131

0 1,147

0 1,132

0 1,122

0 1,210

0 1,388

50 50 50 36 36 14 14 0 0 0 0 0 0 0

168 168 166 146 146 20 20 2 0 0 2 0 0 0

214 214 211 159 159 52 52 3 0 0 3 0 0 0

177 177 177 167 167 10 10 0 0 0 0 0 0 0

168 168 168 123 123 45 45 0 0 0 0 0 0 0

154 154 154 142 142 11 11 0 0 0 0 0 0 0

112 112 112 103 103 9 9 0 0 0 0 0 0 0

70 70 70 65 65 5 5 0 0 0 0 0 0 0

230 230 230 116 116 114 114 0 0 0 0 0 0 0

0 0

0 25

0 68

0 55

0 63

0 48

0 49

0 43

0 34

0 102

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 1 0 0 0 0 0 0 0

2 2 2 2 2 0 0 0 0 0 0 0 0 0

29 29 13 10 10 3 3 16 0 0 16 0 0 0

63 63 43 28 28 15 15 20 0 0 20 0 0 0

54 54 42 26 26 15 15 13 0 0 13 0 0 0

69 69 56 36 33 21 21 13 0 0 13 0 0 0

67 67 60 37 37 22 22 8 0 0 8 0 0 0

61 61 61 38 38 23 23 0 0 0 0 0 0 0

70 70 70 45 45 24 24 0 0 0 0 0 0 0

79 79 78 51 51 28 28 0 0 0 0 0 0 0

0 0

0 0

0 2

0 9

0 11

0 14

0 16

0 17

0 20

0 22

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-2 -2 -2 0 0 -2 0 0 0 0 0 0 0 0

48 48 48 34 35 14 14 0 0 0 0 0 0 0

139 139 153 136 136 17 17 -14 0 0 -14 0 0 0

151 151 168 131 131 36 36 -17 0 0 -17 0 0 0

123 123 135 141 141 -5 -5 -13 0 0 -13 0 0 0

99 99 111 87 89 24 24 -13 0 0 -13 0 0 0

86 86 94 105 105 -11 -11 -8 0 0 -8 0 0 0

51 51 51 65 65 -14 -14 0 0 0 0 0 0 0

0 0 0 19 19 -19 -19 0 0 0 0 0 0 0

151 151 151 65 65 86 86 0 0 0 0 0 0 0

0 0

0 25

0 65

0 45

0 52

0 34

0 33

0 26

0 14

0 79

5. LONG-TERM DEBT

382 NEPAL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 2 2 1 1 1 1 0 0 0 0 0 0 0

25 25 14 10 10 4 4 12 0 0 12 0 0 0

26 26 22 17 17 5 5 4 0 0 4 0 0 0

26 26 22 18 18 5 5 3 0 0 3 0 0 0

30 30 28 23 22 5 5 2 0 0 2 0 0 0

28 28 27 22 22 5 5 1 0 0 1 0 0 0

26 26 26 21 21 4 4 0 0 0 0 0 0 0

27 27 27 22 22 5 5 0 0 0 0 0 0 0

30 30 30 23 23 7 7 0 0 0 0 0 0 0

0 0

0 0

0 5

0 8

0 8

0 8

0 8

0 8

0 9

0 9

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-2 -2 -2 0 0 -2 0 0 0 0 0 0 0 0

46 46 46 33 34 13 13 0 0 0 0 0 0 0

114 114 139 126 126 13 13 -25 0 0 -25 0 0 0

124 124 146 115 115 31 31 -21 0 0 -21 0 0 0

97 97 113 123 123 -10 -10 -16 0 0 -16 0 0 0

69 69 83 64 68 19 19 -15 0 0 -15 0 0 0

59 59 68 84 84 -16 -16 -9 0 0 -9 0 0 0

25 25 25 43 43 -18 -18 0 0 0 0 0 0 0

-27 -27 -27 -3 -3 -24 -24 -1 0 0 -1 0 0 0

121 121 122 43 43 79 79 -1 0 0 -1 0 0 0

0 0

0 25

0 61

0 38

0 44

0 25

0 25

0 18

0 6

0 70

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 1 0 0 0 0 0 0 0

4 4 4 3 3 1 1 0 0 0 0 0 0 0

54 54 27 20 20 7 7 27 0 0 27 0 0 0

89 89 65 45 45 21 21 24 0 0 24 0 0 0

80 80 64 44 44 20 20 16 0 0 16 0 0 0

99 99 84 59 55 26 26 15 0 0 15 0 0 0

95 95 86 59 59 28 28 9 0 0 9 0 0 0

87 87 86 59 59 27 27 0 0 0 0 0 0 0

97 97 96 67 67 29 29 1 0 0 1 0 0 0

109 109 108 73 73 35 35 1 0 0 1 0 0 0

0 0

0 0

0 7

0 17

0 19

0 22

0 24

0 25

0 28

0 31

26 26 0

366 366 0

1,318 1,307 10

938 938 0

848 848 0

742 742 0

557 557 0

642 642 0

679 679 0

719 719 0

2 0 3 0

155 0 156 0

1,452 0 1,566 5

2,289 0 2,332 0

2,559 0 2,590 0

2,920 0 2,932 0

2,800 0 2,805 0

2,650 0 2,654 0

2,923 0 2,929 0

3,170 0 3,176 0

.. 0.1 1.6 8.5 0.1 0.0 38.7 42.0 6.7 2.4

2.2 .. .. 7.4 0.1 0.0 41.2 40.5 6.8 1.8

2.4 .. .. 6.9 0.1 0.0 40.4 42.0 6.6 1.5

2.5 .. .. 10.5 0.1 0.0 42.9 36.4 6.6 1.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 20.4 0.0 0.0 50.8 0.0 8.5 3.9 0.0 16.5

.. 0.0 0.2 7.9 0.2 0.0 49.5 31.2 0.0 11.0

.. 0.9 2.0 8.4 0.2 0.0 49.6 32.6 2.7 3.6

.. 0.2 1.6 10.2 0.1 0.0 42.5 36.5 7.1 1.7

.. 0.2 1.5 9.9 0.1 0.0 41.4 37.7 7.4 1.8

.. 0.1 1.4 9.5 0.1 0.0 36.7 43.2 6.7 2.3

383 NEPAL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 2 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 347 .. 272 -20 255 61 129 146 118 106 .. 1 0 0 -1 .. 0 0 0 0 .. 0 0 0 -2 .. 126 -180 119 48 14 18 197 .. 15 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-147 69 0 0 0 -188 -28

-130 71 0 0 0 -174 -28

256 -19 0 0 0 221 54

281 184 0 0 0 276 -179

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -2 .. .. .. .. ..

2.8 26.9 6.2 53.1

0.8 46.0 10.2 81.2

0.9 39.2 10.3 78.8

0.8 36.8 9.7 77.3

3.3 38.3 9.8 56.9

0.7 39.5 10.3 80.7

1.4 31.4 8.1 69.5

1.3 31.0 8.3 69.9

1.1 35.6 11.4 76.3

0.9 37.4 9.7 77.6

2.8 26.9 6.2 53.1

0.8 46.0 10.2 81.2

0.9 39.2 10.3 78.8

0.8 36.8 9.7 77.3

3.3 38.3 9.8 56.9

0.7 39.5 10.3 80.7

1.4 31.4 8.1 69.5

1.3 31.0 8.3 69.9

1.1 35.6 11.4 76.3

0.9 37.4 9.7 77.6

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

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

17 92 219 191 84 87 86 17 92 219 191 84 87 86 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

249 249 0

71 71 0

201 201 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

186 80 34

167 87 35

122 97 37

90 110 42

62 121 42

41 131 41

27 141 40

15 145 38

9 146 37

0 148 35

186 79 34

167 87 35

122 96 36

90 110 42

62 120 42

41 130 41

27 140 40

15 145 38

9 146 37

0 148 35

53 25 7

29 26 7

17 26 7

10 34 6

3 34 6

1 33 5

1 34 5

0 34 4

0 31 3

0 28 3

133 54 27

138 61 28

106 70 30

80 76 35

59 86 36

40 97 36

27 106 35

15 111 34

9 115 33

0 120 32

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 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

384 NICARAGUA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

203 147 147 0 8 48 0 0 0 0 0 0 0

2,193 1,671 1,671 0 49 472 12 5 8 32 13 19 0

10,745 8,313 8,313 0 0 2,432 1,693 1,067 626 2,464 1,491 973 643

6,229 5,364 5,364 0 27 837 573 561 12 917 695 222 698

6,450 5,663 5,636 28 52 735 687 672 15 1,378 1,158 220 803

6,909 5,889 5,779 110 155 865 745 733 12 1,447 1,226 220 751

6,853 5,774 5,492 281 169 911 789 776 13 1,035 820 216 746

6,408 5,577 5,437 140 158 674 535 521 14 964 747 217 811

6,485 5,756 5,576 181 174 554 420 407 13 801 588 213 1,102

6,915 6,106 5,898 209 213 595 434 421 14 807 593 213 1,025

54 44 10 29 16 13 24 0 7 7 0 0 18 36 23 13 0

276 276 0 46 45 1 345 115 69 42 3 25 276 115 86 3 25

577 577 0 4 4 0 593 21 11 5 0 6 582 16 9 0 6

610 610 0 182 182 0 390 -38 144 129 0 15 246 326 311 0 15

280 258 23 86 86 0 -22 -217 169 91 0 78 -191 255 176 0 78

509 402 107 99 96 3 482 71 87 82 1 5 394 186 178 3 5

527 500 27 189 183 5 341 3 98 90 1 7 243 286 274 6 7

308 308 0 263 258 5 62 17 73 68 1 5 -11 337 326 6 5

296 287 9 104 100 4 188 -4 48 43 1 4 140 151 142 5 4

357 328 29 143 138 5 241 26 62 55 1 6 179 205 193 6 6

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

43 28 15 0 0 4 28 14

279 231 0 0 48 19 305 -26

813 572 0 0 241 73 793 20

849 428 203 0 218 111 662 187

746 172 218 0 356 95 540 206

969 306 337 0 326 94 550 419

838 317 267 0 255 116 406 432

838 50 150 0 637 140 807 31

617 187 204 0 226 112 381 236

887 191 201 0 495 103 657 230

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

36 7 0 25 11

217 42 21 268 -51

808 5 0 789 19

667 129 53 539 128

597 91 58 453 144

825 82 62 474 350

678 90 69 331 347

693 68 77 755 -62

503 43 71 344 159

755 55 77 610 145

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

717 .. 0 .. 49 ..

2,019 514 0 1,049 75 -411

988 404 0 911 166 -305

3,387 1,171 200 1,989 355 -687

3,545 1,294 300 2,382 514 -928

3,748 1,453 320 2,377 492 -792

3,809 1,485 336 2,416 384 -785

3,903 1,529 377 2,398 453 -784

3,975 1,744 439 2,603 508 -780

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 28.3 .. .. 0.9 24.3 .. 23.7 29.2 23.7

426.6 108.6 22.3 13.4 3.4 3.4 0.9 21.5 21.5 19.3

2,659.6 1,087.8 3.9 2.8 1.2 1.5 2.2 22.6 30.6 8.8

551.0 190.4 21.8 14.4 5.0 5.5 2.1 11.4 43.1 35.5

534.1 194.9 14.4 6.7 2.5 7.4 2.6 12.5 42.5 35.7

471.8 182.9 19.7 6.7 2.6 7.2 2.5 13.3 45.2 30.9

431.6 168.3 22.7 4.9 1.9 6.0 1.9 10.5 51.2 34.3

424.3 166.2 9.9 3.1 1.2 7.0 2.3 8.5 54.4 37.4

396.6 173.9 11.7 3.5 1.6 7.3 2.3 8.6 57.8 39.1

3. MAJOR ECONOMIC AGGREGATES 3,119 1,066 150 1,992 382 -841

4. DEBT INDICATORS 584.1 199.7 30.6 13.5 4.6 6.1 2.3 13.4 40.9 33.4

385 NICARAGUA (US$ million, unless otherwise indicated) 1970

1980

1990

147 147 102 48 11 53 49 45 0 38 8 0 0 0

1,671 1,671 866 424 200 442 271 805 0 746 59 0 0 0

8,313 8,313 6,767 940 355 5,827 2,929 1,545 0 1,305 240 0 0 0

27 3

93 42

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

44 44 32 11 4 21 19 12 0 12 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

5,364 5,364 4,968 2,080 1,308 2,888 1,241 396 0 362 34 0 0 0

5,663 5,636 5,251 2,288 1,480 2,963 1,301 385 0 355 30 28 0 28

5,889 5,779 5,405 2,467 1,673 2,938 1,265 374 0 344 30 110 0 110

5,774 5,492 5,138 2,119 1,778 3,019 1,319 354 0 326 29 281 0 281

5,577 5,437 5,093 2,200 1,890 2,893 1,392 344 0 321 23 140 0 140

5,756 5,576 5,230 2,424 2,125 2,805 1,406 346 0 324 22 181 0 181

6,106 5,898 5,547 2,702 2,425 2,845 1,571 350 0 327 23 209 0 209

239 60

24 368

15 487

9 598

5 654

0 691

0 811

0 998

276 276 276 90 72 186 108 0 0 0 0 0 0 0

577 577 554 7 0 546 370 23 0 0 23 0 0 0

610 610 605 560 116 45 40 5 0 5 0 0 0 0

258 258 255 219 215 37 27 2 0 2 0 0 0 0

402 284 278 208 206 70 66 6 0 0 6 118 0 118

500 215 213 170 168 43 34 2 0 0 2 285 0 285

308 235 231 184 184 47 21 3 0 0 3 74 0 74

287 220 212 202 202 11 11 8 0 7 1 66 0 66

328 255 248 221 221 27 27 7 0 6 1 74 0 74

6 0

12 19

0 0

0 50

0 105

0 120

0 87

0 63

0 72

0 112

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

16 16 3 2 0 1 0 13 0 10 2 0 0 0

45 45 19 14 1 4 2 26 0 20 6 0 0 0

4 4 1 1 0 1 0 3 0 0 3 0 0 0

182 182 161 85 11 76 15 21 0 9 12 0 0 0

86 86 71 37 14 34 4 15 0 10 5 0 0 0

96 59 54 28 13 26 6 5 0 4 1 38 0 38

183 70 61 36 17 26 8 8 0 5 3 114 0 114

258 68 62 30 11 32 10 6 0 3 3 191 0 191

100 60 58 10 6 48 22 3 0 2 0 39 0 39

138 86 85 16 7 70 42 1 0 1 0 52 0 52

1 0

4 0

1 0

17 1

9 1

6 1

5 2

5 1

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

28 28 28 9 4 20 18 -1 0 1 -2 0 0 0

231 231 257 76 71 181 106 -26 0 -20 -6 0 0 0

572 572 552 6 0 546 370 20 0 0 20 0 0 0

428 428 444 475 105 -31 25 -16 0 -4 -12 0 0 0

172 172 185 182 201 3 23 -13 0 -8 -5 0 0 0

306 225 224 180 193 44 61 1 0 -4 5 81 0 81

317 146 152 135 152 17 26 -6 0 -5 -1 171 0 171

50 167 170 154 173 15 11 -3 0 -2 0 -117 0 -117

187 160 155 192 196 -37 -12 5 0 5 1 27 0 27

191 169 162 205 214 -43 -16 6 0 6 1 22 0 22

4 0

8 19

-1 0

-17 49

-9 104

-6 119

-5 86

-5 62

0 72

0 112

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

386 NICARAGUA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

7 7 3 2 0 1 1 4 0 3 0 0 0 0

42 42 38 29 7 8 3 4 0 0 4 0 0 0

5 5 4 1 0 3 0 1 0 0 1 0 0 0

129 129 123 54 11 68 27 6 0 6 1 0 0 0

91 91 87 50 28 37 9 3 0 3 0 0 0 0

82 77 75 57 29 18 6 1 0 1 0 5 0 5

90 78 75 64 37 12 7 3 0 2 0 12 0 12

68 55 52 30 14 22 14 3 0 2 0 13 0 13

43 38 36 16 10 21 16 1 0 1 0 5 0 5

55 49 48 18 13 30 21 1 0 1 0 6 0 6

1 0

11 0

1 0

3 3

2 3

6 4

1 5

0 2

0 2

0 3

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

21 21 25 7 4 19 18 -4 0 -2 -2 0 0 0

190 190 220 47 64 173 103 -30 0 -20 -10 0 0 0

567 567 548 5 0 543 370 19 0 0 19 0 0 0

299 299 321 420 94 -99 -2 -22 0 -9 -13 0 0 0

81 81 97 132 174 -35 14 -16 0 -11 -5 0 0 0

224 148 149 123 164 26 54 0 0 -5 5 76 0 76

226 67 76 71 114 5 19 -9 0 -8 -1 159 0 159

-17 112 117 124 159 -7 -3 -5 0 -5 0 -129 0 -129

144 122 118 176 186 -58 -28 4 0 3 1 22 0 22

136 120 115 187 201 -73 -36 5 0 5 1 16 0 16

3 0

-3 19

-2 0

-20 47

-11 101

-11 115

-6 81

-5 59

0 70

0 109

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

23 23 7 5 0 2 1 16 0 14 3 0 0 0

86 86 56 43 8 13 5 30 0 20 10 0 0 0

9 9 5 2 0 3 0 4 0 0 4 0 0 0

311 311 284 140 22 144 42 27 0 14 13 0 0 0

176 176 158 87 42 71 13 18 0 13 5 0 0 0

178 135 129 85 42 44 12 6 0 5 1 43 0 43

274 148 137 99 54 38 15 11 0 8 3 126 0 126

326 123 114 60 25 54 25 8 0 5 4 203 0 203

142 98 94 26 15 69 39 4 0 3 1 44 0 44

193 135 133 34 20 99 63 2 0 2 0 58 0 58

3 0

15 0

1 0

20 4

11 4

11 5

6 6

5 3

0 2

0 3

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

62 52 9

449 418 30

573 562 11

418 408 10

761 753 8

678 669 10

633 613 21

796 780 16

873 863 10

740 736 4

59 0 138 9

470 796 1,656 15

3,285 1,829 8,313 0

2,549 1,678 5,356 9

2,781 1,727 5,632 31

2,938 1,825 5,776 113

3,096 1,574 5,547 226

3,282 1,358 5,512 65

3,531 1,370 5,683 74

3,997 1,301 6,015 91

.. 6.5 1.1 2.3 0.0 0.0 71.7 11.2 0.4 6.7

11.1 .. .. 2.0 0.0 0.0 73.3 10.9 0.5 2.3

12.0 .. .. 2.0 0.0 0.0 72.7 10.3 0.6 2.4

12.6 .. .. 2.0 0.0 0.0 72.7 9.7 0.6 2.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 3.9 0.0 0.0 1.6 0.0 66.4 28.1 0.0 0.0

.. 2.9 0.0 0.0 0.2 0.0 72.1 20.9 0.4 3.5

.. 1.3 1.3 0.0 0.0 0.0 79.9 10.3 0.1 7.0

.. 7.0 2.0 1.9 0.0 0.1 70.2 11.4 0.3 7.1

.. 7.6 2.1 2.1 0.0 0.1 69.5 10.9 0.3 7.3

.. 6.6 1.0 2.4 0.0 0.0 72.3 11.0 0.3 6.3

387 NICARAGUA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 30 466 126 138 .. 0 367 44 0 .. 0 36 45 41 .. 0 36 42 32 .. 0 0 3 9 .. 30 3 37 51 .. 30 3 36 46 .. 0 0 1 4 .. 0 182 39 43 .. 0 2 10 8 .. 0 116 0 36 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 1,060 267 222 459 593 390 -22 482 345 58 .. 346 91 115 .. 30 3 37 51 .. 0 -297 -39 -79 .. 83 -317 -64 -110 56 .. 7 398 195 9. AVERAGE TERMS OF NEW COMMITMENTS

149 0 94 82 12 62 58 3 28 7 0 0

190 142 20 18 2 29 28 1 79 346 87 0

78 0 42 42 1 36 35 1 289 172 0 0

109 0 38 38 0 19 19 0 252 173 0 0

-56 341 44 62 -28 -119 -355

-445 62 -254 29 -167 -127 12

77 188 -115 36 -289 166 91

430 241 15 19 -252 244 163

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 24 .. .. .. .. ..

7.1 17.9 3.9 18.9

4.0 25.3 6.7 44.1

4.6 12.1 1.7 23.6

7.1 4.5 0.6 7.6

1.8 49.2 9.2 68.7

1.4 38.0 9.7 73.8

1.5 37.1 9.8 71.6

0.9 39.0 10.2 78.2

1.9 35.4 9.9 67.0

1.3 34.5 9.0 71.6

5.8 27.8 6.5 32.7

3.9 26.4 7.0 45.5

4.4 12.4 1.8 24.5

7.1 4.3 0.6 7.2

1.8 49.2 9.2 68.7

1.2 39.2 10.0 76.3

1.6 36.9 9.7 70.8

0.9 39.0 10.2 78.2

1.9 35.4 9.9 67.0

1.3 34.5 9.0 71.6

8.6 7.0 1.0 3.7

4.3 9.2 2.1 22.7

9.4 4.9 0.4 0.9

0.8 39.6 10.1 69.0

0.0 0.0 0.0 0.0

6.8 3.3 1.3 6.1

0.7 39.9 10.5 80.5

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

23 434 447 487 589 217 185 12 407 429 484 589 210 171 11 27 18 3 0 8 14 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

381 381 0

274 274 0

86 86 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

219 326 115

193 322 118

146 306 122

102 273 115

67 271 107

37 266 99

22 261 92

12 248 85

7 214 78

3 215 72

215 252 109

193 256 113

146 269 117

102 246 111

67 252 104

37 247 97

22 242 90

12 235 83

7 200 77

3 207 71

49 188 60

28 186 62

14 192 65

10 165 59

8 184 53

5 171 47

4 163 42

3 152 37

2 108 32

1 107 28

167 65 49

165 70 51

132 77 52

92 81 52

59 68 51

31 75 49

19 80 48

9 83 46

5 92 45

2 100 43

4 73 6

0 66 5

0 38 5

0 27 4

0 19 3

0 19 3

0 19 2

0 13 2

0 13 2

0 7 1

3 8 3

0 26 3

0 6 2

0 6 2

0 6 2

0 6 2

0 6 2

0 7 2

0 7 2

0 7 1

1 65 3

0 39 3

0 31 2

0 21 2

0 13 1

0 13 1

0 13 1

0 7 0

0 7 0

0 1 0

388 NIGER (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

32 32 32 0 0 0 0 0 0 0 0 0 0

863 687 383 305 16 159 0 0 0 1 1 0 0

1,726 1,487 1,226 261 85 154 31 16 16 80 39 41 398

1,556 1,404 1,308 96 61 91 34 34 0 59 59 0 233

1,650 1,509 1,437 72 76 65 36 36 0 60 60 0 61

1,667 1,521 1,451 70 68 78 46 46 0 85 85 0 53

1,686 1,527 1,459 68 74 85 60 60 0 97 97 0 55

1,590 1,470 1,408 62 81 39 27 27 0 77 77 0 44

1,798 1,658 1,604 54 106 34 26 26 0 67 67 0 45

2,116 1,945 1,900 46 131 40 6 6 0 54 54 0 42

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

12 12 0 2 2 0 11 0 1 1 0 0 10 2 2 0 0

290 281 9 57 57 0 286 53 84 65 0 19 202 141 122 0 19

148 139 9 63 47 16 123 38 36 23 3 9 87 99 71 19 9

111 84 27 49 34 15 98 36 15 13 1 2 83 64 46 16 2

111 85 26 50 36 14 33 -28 12 10 1 1 21 62 47 15 1

62 62 0 20 14 6 45 4 11 10 0 1 34 31 24 6 1

87 76 11 16 14 2 65 -7 11 8 0 2 54 27 22 2 2

89 78 11 20 20 1 55 -13 8 7 0 1 47 28 27 1 1

140 118 22 17 15 2 119 -4 9 8 0 0 110 26 23 3 0

143 119 24 22 17 5 146 26 12 10 1 0 134 34 28 6 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

26 11 1 0 15 11 26 0

324 223 49 0 51 62 125 199

358 91 41 0 226 101 308 51

265 51 25 0 190 72 255 11

216 49 9 0 158 72 230 -15

170 48 0 0 122 55 172 -2

183 62 9 0 112 48 176 7

218 58 26 0 133 51 198 20

249 103 8 0 138 53 249 0

410 102 31 0 277 59 387 23

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

25 1 0 25 0

248 65 11 118 130

312 23 23 301 12

248 13 5 245 3

196 10 9 221 -25

148 10 12 162 -14

165 8 10 168 -3

203 7 8 192 11

236 8 5 242 -6

396 10 3 377 19

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

645 .. 0 .. 19 ..

2,476 650 11 1,016 132 -276

2,053 .. 8 .. 53 ..

1,999 .. 8 .. 39 ..

1,782 .. 8 .. 80 ..

1,930 .. 8 .. 107 ..

2,146 .. 8 .. 134 ..

2,718 .. 8 .. 114 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 4.9 .. .. 0.1 59.2 .. 0.0 91.6 13.4

132.8 34.9 21.7 12.9 3.4 15.3 1.6 18.5 17.9 16.5

.. 80.4 .. .. 0.6 3.2 .. 3.9 70.1 58.5

.. 83.4 .. .. 0.6 2.4 .. 4.7 72.6 59.9

.. 94.6 .. .. 0.6 4.8 .. 5.0 72.4 60.4

.. 82.3 .. .. 0.4 6.7 .. 2.4 77.1 64.8

.. 83.8 .. .. 0.4 7.4 .. 1.9 80.1 67.6

.. 77.9 .. .. 0.4 5.4 .. 1.9 78.6 67.8

3. MAJOR ECONOMIC AGGREGATES 2,423 566 14 803 226 -236

1,817 .. 8 .. 53 ..

4. DEBT INDICATORS 304.7 71.2 17.4 6.3 1.5 13.1 3.4 8.9 48.3 40.6

.. 85.7 .. .. 0.8 3.4 .. 5.9 67.0 56.5

389 NIGER (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

32 32 31 4 4 27 25 0 0 0 0 0 0 0

687 383 255 143 112 112 42 128 0 68 60 305 0 305

1,487 1,226 1,115 701 656 413 178 111 0 109 2 261 0 261

0 4

0 66

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 12 2 2 10 10 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,404 1,308 1,308 880 847 428 195 0 0 0 0 96 0 96

1,509 1,437 1,437 965 931 472 225 0 0 0 0 72 0 72

1,521 1,451 1,451 998 974 453 236 0 0 0 0 70 0 70

1,527 1,459 1,459 1,019 991 440 229 0 0 0 0 68 0 68

1,470 1,408 1,408 1,029 1,010 379 216 0 0 0 0 62 0 62

1,658 1,604 1,604 1,216 1,202 387 238 0 0 0 0 54 0 54

1,945 1,900 1,900 1,435 1,420 465 244 0 0 0 0 46 0 46

0 461

0 625

0 687

0 694

0 723

0 753

0 867

0 1,007

281 167 91 60 47 31 11 76 0 56 20 113 0 113

139 96 90 69 69 21 21 5 0 5 0 43 0 43

84 84 84 74 74 11 11 0 0 0 0 0 0 0

85 85 85 68 68 17 17 0 0 0 0 0 0 0

62 62 62 53 53 9 9 0 0 0 0 0 0 0

76 76 76 76 71 0 0 0 0 0 0 0 0 0

78 78 78 73 73 5 5 0 0 0 0 0 0 0

118 118 118 115 115 3 3 0 0 0 0 0 0 0

119 119 119 119 119 0 0 0 0 0 0 0 0 0

0 2

0 18

0 55

0 50

0 50

0 26

0 68

0 64

0 69

0 73

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 1 0 0 1 1 1 0 0 1 0 0 0

57 23 17 15 14 3 2 5 0 1 4 35 0 35

47 10 9 7 3 2 2 2 0 0 2 37 0 37

34 20 20 18 17 2 1 0 0 0 0 14 0 14

36 13 13 10 10 3 2 0 0 0 0 24 0 24

14 12 12 10 10 2 1 0 0 0 0 2 0 2

14 12 12 10 10 2 1 0 0 0 0 2 0 2

20 13 13 12 6 2 1 0 0 0 0 6 0 6

15 7 7 6 5 1 1 0 0 0 0 8 0 8

17 9 9 7 5 2 2 0 0 0 0 8 0 8

0 0

0 0

0 1

0 5

0 7

0 7

0 8

0 2

0 1

0 2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 11 11 2 2 9 9 -1 0 0 -1 0 0 0

223 144 74 46 33 28 9 71 0 55 16 79 0 79

91 85 82 63 66 19 19 4 0 5 -2 6 0 6

51 64 64 56 57 8 10 0 0 0 0 -14 0 -14

49 73 73 58 58 14 15 0 0 0 0 -24 0 -24

48 50 50 42 43 7 8 0 0 0 0 -2 0 -2

62 64 64 66 61 -2 -1 0 0 0 0 -2 0 -2

58 65 65 62 67 3 4 0 0 0 0 -6 0 -6

103 111 111 109 110 2 2 0 0 0 0 -8 0 -8

102 110 110 112 114 -2 -2 0 0 0 0 -8 0 -8

0 2

0 18

0 53

0 45

0 43

0 19

0 60

0 62

0 68

0 72

5. LONG-TERM DEBT

390 NIGER (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1 1 1 0 0 1 1 0 0 0 0 0 0 0

65 16 7 3 2 5 1 9 0 6 2 49 0 49

23 7 7 6 4 1 1 0 0 0 0 16 0 16

13 10 10 8 7 2 1 0 0 0 0 3 0 3

10 9 9 6 6 3 1 0 0 0 0 2 0 2

10 10 10 6 5 4 2 0 0 0 0 0 0 0

8 8 8 7 7 1 0 0 0 0 0 0 0 0

7 6 6 5 5 1 0 0 0 0 0 1 0 1

8 7 7 6 6 0 0 0 0 0 0 1 0 1

10 10 10 8 8 1 1 0 0 0 0 1 0 1

0 0

0 0

0 3

0 4

0 5

0 4

0 6

0 4

0 5

0 6

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 10 11 2 2 8 8 -1 0 0 -1 0 0 0

158 128 66 43 32 23 9 62 0 48 14 30 0 30

68 78 75 57 62 17 18 4 0 5 -2 -10 0 -10

38 55 55 49 50 6 9 0 0 0 0 -17 0 -17

38 64 64 52 52 11 13 0 0 0 0 -25 0 -25

38 40 40 36 38 4 7 0 0 0 0 -2 0 -2

54 56 56 59 54 -3 -1 0 0 0 0 -2 0 -2

51 59 59 56 62 3 3 0 0 0 0 -8 0 -8

95 104 104 103 104 2 2 0 0 0 0 -9 0 -9

91 100 100 104 106 -3 -2 0 0 0 0 -9 0 -9

0 2

0 18

0 51

0 41

0 38

0 15

0 54

0 57

0 64

0 66

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 1 1 0 0 1 0 0 0

122 39 25 17 16 8 3 14 0 7 7 83 0 83

71 17 16 12 7 3 3 2 0 0 2 53 0 53

46 30 30 25 24 5 2 0 0 0 0 17 0 17

47 21 21 16 16 5 4 0 0 0 0 25 0 25

24 22 22 16 15 5 2 0 0 0 0 2 0 2

22 20 20 17 17 3 1 0 0 0 0 2 0 2

27 19 19 17 11 2 1 0 0 0 0 8 0 8

23 14 14 12 11 2 2 0 0 0 0 9 0 9

28 19 19 15 13 3 3 0 0 0 0 9 0 9

0 0

0 0

0 4

0 9

0 12

0 11

0 14

0 7

0 6

0 7

41 24 17

415 279 136

368 368 0

312 312 0

415 415 0

288 288 0

262 262 0

358 358 0

315 315 0

368 368 0

29 0 24 7

154 387 372 315

834 377 1,223 264

1,042 113 1,308 96

1,156 91 1,437 72

1,210 88 1,451 70

1,220 85 1,459 68

1,225 74 1,408 62

1,440 68 1,604 54

1,664 61 1,900 46

.. 0.0 24.5 1.8 1.2 0.0 47.1 0.0 3.0 22.4

25.4 .. .. 1.6 1.0 0.0 50.1 0.0 2.9 18.9

22.2 .. .. 1.4 1.0 0.0 52.0 0.0 3.3 20.1

23.1 .. .. 1.3 0.9 0.0 51.2 0.0 3.1 20.5

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 12.0 67.5 0.0 0.0 0.0 7.0 0.0 0.0 13.5

.. 0.0 53.8 0.0 0.0 0.0 30.2 2.1 0.0 13.9

.. 0.0 43.9 1.3 0.8 0.0 27.1 0.5 2.6 23.8

.. 0.0 30.2 1.8 1.4 0.0 41.0 0.0 3.3 22.3

.. 0.0 29.0 1.8 1.4 0.0 42.1 0.0 3.2 22.5

.. 0.0 26.2 2.0 1.4 0.0 44.6 0.0 3.0 22.8

391 NIGER (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

29 0 3 3 0 1 1 0 7 6 0 0

28 18 5 5 0 1 1 0 0 0 0 0

46 0 28 28 0 18 18 0 70 43 0 0

85 16 49 49 0 20 20 0 22 5 0 0

0 0 0 0 0 0 0 0 21 12 0 0

17 45 9 1 -7 -87 55

19 65 14 1 0 -62 2

-96 55 -33 18 -70 -49 -17

209 119 0 20 -22 99 -7

318 146 -20 0 -21 132 81

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 11 .. .. .. .. ..

.. 29 27 26 .. 0 0 0 .. 12 5 9 .. 12 5 9 .. 0 0 0 .. 16 9 8 .. 16 9 8 .. 0 0 0 .. 0 4 7 .. 0 5 0 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 230 34 94 286 123 98 33 .. 8 11 2 .. 16 9 8 .. 0 -4 -7 -61 .. 36 -153 .. 46 73 119 9. AVERAGE TERMS OF NEW COMMITMENTS

1.2 39.7 8.3 72.5

7.4 18.3 4.7 18.7

1.9 31.9 9.2 65.0

1.0 35.8 8.2 73.9

0.7 38.6 9.9 78.7

0.9 21.4 6.9 63.9

0.7 36.5 9.4 74.7

1.0 38.9 9.4 76.9

1.3 33.7 8.2 70.0

0.9 40.1 9.3 75.3

0.6 44.8 9.2 80.9

5.4 26.2 6.8 35.3

1.9 31.9 9.2 65.0

1.0 35.8 8.2 73.9

0.7 38.6 9.9 78.7

0.9 21.4 6.9 63.9

0.7 36.5 9.4 74.7

1.0 38.9 9.4 76.9

1.3 33.7 8.2 70.0

0.9 40.1 9.3 75.3

4.5 13.6 3.6 29.1

9.8 8.8 2.2 -1.0

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 0.0

19 341 56 79 183 20 64 16 185 56 79 183 20 64 3 155 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

206 206 0

98 98 0

140 140 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

68 140 34

81 107 29

65 79 26

47 84 24

35 79 22

25 75 20

16 70 19

8 67 18

6 72 17

2 63 16

68 133 33

81 100 28

65 72 25

47 77 23

35 73 21

25 69 20

16 63 19

8 67 18

6 72 17

2 63 16

4 89 21

3 55 16

1 29 13

1 30 11

1 22 9

0 14 8

0 14 8

0 15 7

0 16 6

0 16 6

64 45 12

78 45 12

63 43 12

46 47 12

34 50 12

25 54 12

16 49 11

8 52 11

6 55 11

2 47 10

0 7 1

0 7 1

0 7 1

0 7 1

0 7 0

0 7 0

0 7 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 7 1

0 7 1

0 7 1

0 7 1

0 7 0

0 7 0

0 7 0

0 0 0

0 0 0

0 0 0

392 NIGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

837 567 452 115 0 270 1 0 0 2 0 1 0

8,921 5,368 4,271 1,097 0 3,553 0 0 0 0 0 0 0

33,439 31,935 31,545 391 0 1,504 1,040 465 575 1,091 194 897 20,116

28,455 22,926 22,631 295 0 5,529 4,957 4,483 474 10,151 8,648 1,503 17,135

30,294 23,730 23,445 285 0 6,564 5,774 5,224 550 12,103 10,260 1,843 12,576

29,128 22,608 22,358 250 0 6,520 5,684 5,110 575 12,903 10,809 2,094 13,833

31,355 30,235 30,020 215 0 1,120 44 43 0 117 114 3 12,284

31,042 29,399 29,218 181 0 1,643 415 415 0 116 113 3 11,998

30,476 28,206 28,057 149 0 2,270 1,475 1,475 0 957 953 3 13,451

34,963 31,563 31,563 0 0 3,400 2,658 2,655 2 1,360 1,357 3 13,908

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

81 81 0 68 68 0 13 0 28 28 0 0 -14 96 96 0 0

1,753 1,753 0 242 242 0 2,780 1,270 909 529 0 379 1,872 1,151 771 0 379

927 927 0 1,180 1,180 0 -34 219 2,155 2,123 0 32 -2,190 3,336 3,304 0 32

314 314 0 840 840 0 -663 -137 576 543 0 33 -1,239 1,416 1,383 0 33

276 276 0 773 773 0 -279 218 559 521 0 38 -838 1,332 1,294 0 38

175 175 0 605 605 0 -385 45 458 418 0 41 -843 1,063 1,023 0 41

153 153 0 1,091 1,091 0 -696 241 754 690 0 64 -1,451 1,845 1,781 0 64

67 67 0 1,715 1,715 0 -1,497 151 828 804 0 24 -2,325 2,543 2,519 0 24

81 81 0 1,148 1,148 0 -1,501 -433 342 324 0 18 -1,842 1,490 1,472 0 18

181 181 0 1,217 1,217 0 -1,089 -53 419 409 0 10 -1,508 1,636 1,626 0 10

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

259 13 205 0 40 36 70 189

774 1,510 -739 0 3 48 79 695

459 -253 588 0 125 94 -8 467

1,041 -525 1,539 0 27 83 -240 1,282

587 -497 1,051 0 33 51 -439 1,027

622 -430 1,005 0 48 43 -236 859

42 -937 930 0 49 80 -711 754

-454 -1,648 1,104 0 90 105 -1,374 920

319 -1,068 1,281 0 105 157 -321 639

274 -1,036 1,200 0 111 178 -678 952

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

231 28 0 54 177

-1,348 529 1,593 16 -1,365

-1,799 2,123 135 -1,308 -491

-980 543 1,477 -606 -374

-1,360 521 1,427 -815 -546

-1,416 418 1,621 -481 -935

-2,479 690 1,832 -1,227 -1,252

-2,060 804 802 -2,005 -55

-989 324 984 -480 -509

-1,451 409 1,316 -992 -459

12,081 .. 0 .. 223 ..

61,079 27,772 22 22,005 10,640 5,178

33,300 15,396 1,628 14,881 5,650 506

37,720 .. 1,705 .. 10,099 ..

43,728 .. 1,303 .. 10,647 ..

40,287 .. 1,421 .. 7,567 ..

49,960 .. 1,677 .. 7,415 ..

.. 6.9 .. .. 0.2 26.7 .. 32.2 15.6 21.8

32.1 14.6 4.1 3.3 1.5 119.3 5.8 39.8 4.9 6.4

189.2 87.5 6.9 3.0 1.4 19.4 4.6 22.4 5.9 12.9

.. 83.1 .. .. 2.0 32.2 .. 3.6 4.6 10.5

.. 71.0 .. .. 1.9 34.3 .. 5.3 4.3 9.3

.. 75.6 .. .. 0.8 24.8 .. 7.4 4.8 9.5

.. 70.0 .. .. 0.8 21.2 .. 9.7 43.7 8.5

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

25,585 14,771 10 9,858 4,129 4,988

33,993 18,172 1,871 17,617 7,781 552

29,317 11,762 1,544 16,001 7,299 -4,244

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

226.4 130.7 22.6 14.6 8.4 12.3 5.0 4.5 1.6 11.2

156.6 83.7 7.8 3.2 1.7 27.3 5.3 19.4 4.6 14.1

257.6 103.3 11.3 4.7 1.9 24.1 5.5 21.7 5.2 13.5

393 NIGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

567 452 358 182 17 175 114 94 10 18 66 115 0 115

5,368 4,271 992 571 37 422 401 3,279 0 2,633 645 1,097 0 1,097

31,935 31,545 17,007 3,732 36 13,275 485 14,537 0 5,714 8,823 391 0 391

165 17

517 37

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

81 56 45 14 1 31 30 11 0 3 8 25 0 25

1997

1998

1999

2000

2001

2002

2003

22,926 22,631 17,011 4,013 496 12,998 826 5,620 2,051 0 3,569 295 0 295

23,730 23,445 17,669 4,083 663 13,586 919 5,776 2,051 0 3,725 285 0 285

22,608 22,358 16,650 3,768 727 12,882 997 5,708 2,051 0 3,657 250 0 250

30,235 30,020 26,574 3,302 755 23,272 702 3,446 2,051 0 1,395 215 0 215

29,399 29,218 25,933 2,881 738 23,053 601 3,285 2,051 0 1,234 181 0 181

28,206 28,057 25,538 2,891 831 22,646 640 2,519 1,441 0 1,078 149 0 149

31,563 31,563 29,178 2,984 947 26,194 14,345 2,385 1,442 23 921 0 0 0

3,284 36

2,373 410

2,278 564

1,989 624

1,625 644

1,337 621

1,275 676

1,201 787

1,753 1,187 122 73 0 49 49 1,065 0 492 573 565 0 565

927 927 642 542 7 100 100 285 0 0 285 0 0 0

314 314 314 314 97 0 0 0 0 0 0 0 0 0

276 276 276 276 145 0 0 0 0 0 0 0 0 0

175 175 175 175 81 0 0 0 0 0 0 0 0 0

153 153 153 153 68 0 0 0 0 0 0 0 0 0

67 67 67 67 19 0 0 0 0 0 0 0 0 0

81 81 81 81 46 0 0 0 0 0 0 0 0 0

181 181 179 179 65 0 0 1 0 0 1 0 0 0

13 1

63 0

384 7

177 83

86 135

44 75

31 55

18 9

1 19

0 63

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

68 38 16 5 0 11 5 22 0 0 22 30 0 30

242 65 45 25 0 20 14 20 0 1 19 177 0 177

1,180 1,165 774 246 1 528 5 391 0 388 3 15 0 15

840 830 582 467 1 115 70 248 0 0 248 10 0 10

773 763 749 419 1 329 319 15 0 0 15 10 0 10

605 570 459 450 3 9 0 111 0 0 111 35 0 35

1,091 1,056 914 404 5 510 0 142 0 0 142 35 0 35

1,715 1,680 1,530 324 8 1,206 9 150 0 0 150 34 0 34

1,148 1,116 506 305 12 202 26 610 452 0 158 32 0 32

1,217 1,217 967 350 18 618 115 250 0 4 246 0 0 0

5 0

24 0

241 1

338 1

313 1

305 2

273 4

207 8

178 11

203 17

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

13 18 29 10 1 20 25 -11 0 3 -14 -5 0 -5

1,510 1,122 77 48 0 29 35 1,046 0 491 555 388 0 388

-253 -238 -132 295 6 -428 95 -106 0 -388 282 -15 0 -15

-525 -515 -267 -152 96 -115 -70 -248 0 0 -248 -10 0 -10

-497 -487 -473 -143 144 -329 -319 -15 0 0 -15 -10 0 -10

-430 -395 -284 -274 78 -9 0 -111 0 0 -111 -35 0 -35

-937 -902 -761 -251 63 -510 0 -142 0 0 -142 -35 0 -35

-1,648 -1,614 -1,464 -257 11 -1,206 -9 -150 0 0 -150 -34 0 -34

-1,068 -1,036 -426 -224 34 -202 -26 -610 -452 0 -158 -32 0 -32

-1,036 -1,036 -788 -170 46 -618 -115 -248 0 -4 -244 0 0 0

8 1

38 0

144 6

-161 82

-227 134

-261 72

-242 51

-189 1

-176 8

-203 46

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

394 NIGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

28 20 16 9 0 7 3 4 0 1 3 8 0 8

529 438 63 46 0 17 8 375 0 352 24 91 0 91

2,123 2,120 1,300 262 0 1,038 312 820 0 378 442 3 0 3

543 532 365 280 3 85 65 166 128 0 38 12 0 12

521 512 375 242 4 133 132 136 128 0 8 9 0 9

418 404 245 243 5 2 0 159 128 0 31 14 0 14

690 673 516 190 5 326 0 157 128 0 29 18 0 18

804 787 631 139 5 492 15 156 128 0 27 18 0 18

324 313 160 143 6 17 3 153 128 0 25 11 0 11

409 409 315 137 7 178 15 94 90 1 3 0 0 0

9 0

45 0

243 0

181 3

154 3

138 4

103 5

79 5

70 5

62 5

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-14 -2 13 1 1 13 22 -15 0 2 -17 -13 0 -13

981 684 14 2 -1 12 27 670 0 140 531 297 0 297

-2,377 -2,358 -1,433 33 6 -1,466 -217 -926 0 -766 -160 -18 0 -18

-1,069 -1,047 -633 -433 92 -200 -135 -414 -128 0 -286 -22 0 -22

-1,018 -999 -848 -386 140 -462 -451 -151 -128 0 -23 -19 0 -19

-848 -799 -529 -518 73 -11 0 -270 -128 0 -142 -49 0 -49

-1,628 -1,575 -1,276 -441 58 -836 0 -299 -128 0 -170 -53 0 -53

-2,452 -2,401 -2,095 -396 6 -1,699 -24 -305 -128 0 -177 -52 0 -52

-1,391 -1,348 -586 -367 28 -219 -29 -763 -580 0 -183 -43 0 -43

-1,445 -1,445 -1,103 -307 40 -795 -130 -343 -90 -5 -248 0 0 0

-1 1

-6 -1

-100 6

-341 79

-380 131

-399 68

-346 46

-268 -3

-246 3

-265 41

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

96 58 32 14 0 18 8 26 0 1 25 38 0 38

771 503 108 71 1 37 22 395 0 352 43 269 0 269

3,304 3,285 2,074 509 1 1,566 317 1,211 0 766 445 18 0 18

1,383 1,361 947 747 4 200 135 414 128 0 286 22 0 22

1,294 1,275 1,124 661 5 462 451 151 128 0 23 19 0 19

1,023 974 704 693 8 11 0 270 128 0 142 49 0 49

1,781 1,728 1,430 594 10 836 0 299 128 0 170 53 0 53

2,519 2,467 2,162 463 14 1,699 24 305 128 0 177 52 0 52

1,472 1,429 666 447 18 219 29 763 580 0 183 43 0 43

1,626 1,626 1,282 487 25 795 130 344 90 5 249 0 0 0

14 0

69 1

484 1

519 4

467 4

443 7

377 9

286 12

248 16

265 22

185 167 18

3,714 1,112 2,602

5,216 3,938 1,278

1,316 1,316 0

672 672 0

473 473 0

370 370 0

701 701 0

808 808 0

1,362 1,362 0

131 127 450 117

439 4,001 4,271 1,097

521 11,044 31,545 391

1,322 4,864 22,565 362

1,582 4,912 23,377 353

1,724 4,529 22,292 316

1,457 1,925 29,964 271

1,339 1,639 29,171 228

1,472 1,554 28,012 194

15,292 3,172 31,521 43

1.9 .. .. 2.0 1.5 0.0 86.6 4.6 0.1 3.2

2.2 .. .. 2.1 1.3 0.1 86.2 4.6 0.1 3.4

39.8 .. .. 12.3 16.4 2.4 21.9 3.9 0.1 3.2

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 9.0 0.0 0.8 30.4 0.3 9.9 38.5 0.0 11.2

.. 23.5 0.9 2.0 2.7 0.4 55.0 12.1 0.0 3.4

.. 14.8 9.0 8.2 11.8 0.7 38.8 10.4 0.0 6.3

.. 10.9 10.2 11.9 13.0 0.5 31.9 10.5 0.1 11.0

.. 11.2 10.5 12.9 12.6 0.6 31.3 9.8 0.2 11.0

.. 10.1 9.5 15.3 12.8 0.5 32.3 9.0 0.2 10.4

.. 0.7 1.0 2.3 1.5 0.0 85.1 5.4 0.1 3.8

395 NIGERIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 1,480 0 0 0 .. 0 0 0 0 .. 1,280 0 0 10 .. 1,090 0 0 0 .. 191 0 0 10 .. 169 0 0 4 .. 149 0 0 0 .. 21 0 0 4 .. 0 0 0 0 .. 0 0 0 0 .. 286 700 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 1,840 -1,167 .. 3,317 -2,952 2,780 -34 -663 -279 -385 .. 820 -10 818 -90 .. 169 0 0 4 .. -286 -700 0 0 883 -647 .. 2,014 -1,635 55 418 -50 .. 635 9. AVERAGE TERMS OF NEW COMMITMENTS

20,920 0 12,027 10,024 2,003 8,471 7,920 551 0 0 0 0

1,186 0 22 14 7 57 56 2 0 0 0 0

0 0 0 0 0 0 0 0 0 0 610 452

0 0 0 0 0 0 0 0 0 0 0 0

2,227 -696 -5,641 8,471 0 -1,189 1,283

-313 -1,497 372 57 0 -279 1,034

-566 -1,501 1,060 0 -158 392 -360

4,487 -1,089 1,182 0 0 408 3,986

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 13 .. .. .. .. ..

6.0 14.0 3.9 21.3

10.5 10.9 3.5 -2.2

6.6 19.0 5.2 23.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 34.7 10.2 78.7

1.0 34.9 10.3 75.5

1.3 20.5 5.2 48.3

0.8 35.6 9.9 78.6

5.9 15.4 4.3 23.2

8.2 16.1 3.9 9.2

5.8 22.4 6.1 30.3

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 34.7 10.2 78.7

1.0 34.9 10.3 75.5

1.3 20.5 5.2 48.3

0.8 35.6 9.9 78.6

6.5 6.5 1.9 11.0

11.4 8.9 3.4 -6.6

7.9 13.1 3.7 10.4

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

65 1,904 2,192 0 0 0 80 55 525 1,391 0 0 0 80 10 1,380 801 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

461 461 0

149 149 0

586 586 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

181 2,793 1,392

198 2,990 1,266

172 2,875 1,128

172 2,292 999

183 2,269 888

142 2,117 779

110 1,702 679

77 1,586 602

53 1,540 528

34 1,551 457

181 2,563 1,259

198 2,761 1,146

172 2,647 1,020

172 2,064 904

183 2,041 805

142 1,888 709

110 1,545 622

77 1,499 551

53 1,455 482

34 1,466 416

0 2,138 1,124

0 2,334 1,031

0 2,249 928

0 1,728 832

0 1,728 751

0 1,683 670

0 1,386 594

0 1,391 529

0 1,384 465

0 1,384 400

181 425 136

198 426 115

172 398 92

172 336 72

183 313 54

142 206 39

110 159 29

77 109 22

53 71 17

34 82 15

0 230 133

0 230 120

0 229 108

0 229 95

0 229 82

0 229 69

0 158 57

0 87 51

0 85 46

0 85 41

0 3 1

0 3 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 0 0

0 0 0

0 227 132

0 227 120

0 227 107

0 227 95

0 227 82

0 227 69

0 156 57

0 85 51

0 85 46

0 85 41

396 OMAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

599 436 436 0 0 163 0 0 0 0 0 0 0

2,736 2,400 2,400 0 0 335 1 1 0 3 3 0 561

6,227 5,195 2,567 2,628 0 1,032 1 1 0 5 5 0 1,437

6,266 4,868 2,235 2,632 0 1,398 0 0 0 0 0 0 195

6,839 5,004 2,596 2,408 0 1,835 0 0 0 4 0 4 218

6,564 5,266 2,970 2,296 0 1,299 0 0 0 4 0 4 155

6,021 4,755 2,687 2,068 0 1,266 1 0 0 16 8 8 164

4,639 3,451 1,979 1,471 0 1,188 0 0 0 17 12 5 383

3,886 2,642 1,480 1,161 0 1,244 0 0 0 11 8 3 155

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

98 98 0 179 179 0 -64 17 70 44 0 26 -134 249 223 0 26

125 125 0 536 536 0 -425 -14 203 177 0 25 -627 739 714 0 25

476 476 0 581 581 0 161 266 323 278 0 45 -162 904 859 0 45

442 442 0 796 796 0 13 367 357 295 0 62 -344 1,153 1,091 0 62

821 821 0 696 696 0 561 437 280 272 0 8 281 976 968 0 8

527 527 0 479 479 0 -489 -537 385 298 0 87 -874 864 777 0 87

700 700 0 1,310 1,310 0 -643 -33 356 297 0 59 -1,000 1,667 1,608 0 59

289 289 0 1,535 1,535 0 -1,323 -77 214 161 0 53 -1,536 1,748 1,696 0 53

278 278 0 1,114 1,114 0 -780 56 162 125 0 36 -941 1,275 1,239 0 36

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

174 -81 98 0 157 4 140 34

-212 -411 142 0 57 13 45 -257

80 -105 65 85 35 18 19 61

0 -355 102 240 13 25 -16 16

191 125 40 12 14 13 90 100

88 48 16 -11 35 15 59 28

-519 -610 83 -3 11 10 311 -831

-1,150 -1,246 24 34 38 5 -49 -1,101

-563 -836 138 96 39 6 -6 -557

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

-155 44 286 127 -282

-779 177 390 31 -810

-799 278 601 -12 -787

-912 295 617 -44 -867

-648 272 567 60 -708

-884 298 674 27 -911

-1,556 297 740 266 -1,822

-2,137 161 826 -102 -2,035

-1,697 125 1,009 -61 -1,637

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

5,725 3,887 35 2,650 704 942

15,030 7,837 39 6,859 2,852 -460

19,157 12,048 39 7,334 2,460 3,263

19,355 11,748 39 8,208 2,445 2,008

19,790 11,839 39 8,467 3,174 1,770

.. 12,374 39 9,256 3,594 1,446

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

15.4 10.5 6.4 1.8 1.2 117.7 3.2 27.2 43.6 5.8

87.3 45.5 12.5 3.6 1.9 41.7 5.0 26.8 9.6 4.1

54.5 34.3 7.2 3.2 2.0 37.5 4.0 19.8 13.3 7.9

51.3 31.1 14.2 3.0 1.8 40.6 3.6 21.0 19.1 13.4

39.2 23.4 14.8 1.8 1.1 68.4 4.5 25.6 23.8 17.4

31.4 .. 10.3 1.3 .. 92.5 4.7 32.0 28.1 20.0

3. MAJOR ECONOMIC AGGREGATES 10,281 5,990 39 3,971 1,784 1,106

15,449 8,311 39 6,976 2,154 -166

13,610 6,247 39 7,944 2,021 -3,164

4. DEBT INDICATORS 45.7 26.6 12.3 3.4 2.0 65.2 5.4 12.3 8.9 4.7

74.9 40.3 10.9 3.9 2.1 34.6 3.7 16.6 8.9 3.2

100.3 46.0 18.5 5.7 2.6 32.3 3.1 22.3 8.9 3.2

397 OMAN (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

436 436 349 35 6 314 255 87 0 0 87 0 0 0

2,400 2,400 327 129 49 198 194 2,073 0 1,720 353 0 0 0

.. ..

14 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

5,195 2,567 645 199 111 446 443 1,923 225 1,257 440 2,628 0 2,628

4,868 2,235 642 202 118 439 437 1,593 225 995 374 2,632 0 2,632

5,004 2,596 735 277 203 457 456 1,861 225 1,249 387 2,408 0 2,408

5,266 2,970 983 520 457 463 417 1,987 225 1,480 282 2,296 0 2,296

4,755 2,687 1,291 804 753 487 399 1,396 225 781 390 2,068 0 2,068

3,451 1,979 1,145 809 766 336 336 834 0 510 324 1,471 0 1,471

2,642 1,480 1,127 778 742 349 349 353 0 133 221 1,161 0 1,161

52 0

13 0

9 0

6 0

3 0

1 0

0 0

0 0

98 98 45 13 6 32 7 52 0 0 52 0 0 0

125 125 34 22 12 13 13 91 0 0 91 0 0 0

476 272 44 10 8 34 34 228 225 0 3 204 0 204

442 45 45 17 14 28 28 0 0 0 0 397 0 397

821 670 132 100 98 33 33 538 0 458 80 151 0 151

527 394 89 23 21 66 20 305 0 263 42 133 0 133

700 486 368 308 308 60 18 118 0 26 92 214 0 214

289 119 99 13 13 85 85 21 0 0 21 170 0 170

278 49 39 5 5 34 34 9 0 0 9 229 0 229

.. ..

6 0

9 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

179 179 62 3 0 60 9 117 0 32 85 0 0 0

536 536 46 30 10 16 15 490 0 370 120 0 0 0

581 297 60 23 13 37 37 237 0 167 70 284 0 284

796 404 74 18 9 56 55 330 0 262 68 392 0 392

696 321 56 20 11 35 35 266 0 203 62 375 0 375

479 234 64 24 14 40 39 170 0 32 138 245 0 245

1,310 643 68 24 14 44 43 575 0 462 113 667 0 667

1,535 768 186 25 13 161 161 582 225 271 87 766 0 766

1,114 574 84 52 43 33 33 490 0 378 112 539 0 539

.. ..

1 0

16 0

4 0

4 0

3 0

3 0

1 0

1 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-81 -81 -17 11 6 -27 -1 -65 0 -32 -32 0 0 0

-411 -411 -12 -9 2 -3 -2 -400 0 -370 -30 0 0 0

-105 -25 -16 -12 -6 -4 -3 -9 225 -167 -67 -80 0 -80

-355 -359 -29 -1 5 -28 -27 -330 0 -262 -68 5 0 5

125 349 76 79 88 -3 -2 273 0 255 18 -224 0 -224

48 160 25 -1 7 26 -19 135 0 231 -96 -112 0 -112

-610 -157 300 284 295 16 -25 -457 0 -436 -21 -453 0 -453

-1,246 -649 -87 -11 0 -76 -76 -562 -225 -271 -66 -596 0 -596

-836 -525 -45 -47 -38 2 2 -481 0 -378 -103 -310 0 -310

.. ..

5 0

-6 0

-4 0

-4 0

-3 0

-3 0

-1 0

-1 0

0 0

5. LONG-TERM DEBT

398 OMAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

44 44 14 2 0 12 1 30 0 3 28 0 0 0

177 177 14 6 0 8 8 163 0 133 31 0 0 0

278 132 31 11 6 20 20 101 0 64 37 146 0 146

295 156 28 11 7 17 17 128 16 80 32 139 0 139

272 136 30 12 7 18 18 106 16 63 26 136 0 136

298 155 32 14 10 18 18 123 16 79 27 143 0 143

297 152 45 28 22 18 16 107 16 64 27 145 0 145

161 97 53 41 36 12 12 44 8 17 19 64 0 64

125 76 55 44 38 11 11 21 0 10 12 49 0 49

.. ..

1 0

5 0

1 0

1 0

1 0

0 0

0 0

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-125 -125 -30 9 6 -39 -2 -95 0 -35 -60 0 0 0

-589 -589 -26 -15 2 -11 -10 -563 0 -503 -60 0 0 0

-383 -157 -47 -24 -12 -23 -22 -110 225 -231 -104 -226 0 -226

-649 -515 -57 -13 -2 -45 -44 -457 -16 -342 -100 -134 0 -134

-147 213 46 67 81 -21 -20 167 -16 191 -8 -360 0 -360

-250 5 -7 -15 -2 8 -37 12 -16 151 -123 -255 0 -255

-907 -309 255 257 273 -2 -41 -564 -16 -500 -48 -598 0 -598

-1,407 -746 -140 -52 -36 -88 -88 -606 -233 -288 -85 -661 0 -661

-961 -601 -99 -90 -76 -9 -9 -502 0 -387 -115 -359 0 -359

.. ..

4 0

-11 0

-5 0

-5 0

-4 0

-3 0

-2 0

-1 0

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

223 223 76 5 0 71 9 147 0 35 113 0 0 0

714 714 60 37 10 23 23 654 0 503 151 0 0 0

859 429 91 34 20 57 56 338 0 231 106 430 0 430

1,091 560 102 29 16 73 72 458 16 342 100 531 0 531

968 457 86 32 17 54 53 371 16 267 89 511 0 511

777 389 96 38 23 58 57 293 16 112 165 388 0 388

1,608 796 113 52 35 62 59 682 16 526 140 812 0 812

1,696 865 239 66 49 173 173 626 233 288 106 831 0 831

1,239 650 139 95 81 44 44 511 0 387 124 589 0 589

.. ..

2 0

20 0

5 0

5 0

4 0

3 0

2 0

1 0

0 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

499 176 323

897 454 443

196 151 45

323 272 50

1,291 1,031 260

1,499 1,276 224

1,050 916 134

1,285 1,096 190

1,341 1,157 184

.. .. .. ..

261 0 436 0

243 1,386 2,400 0

554 3,783 2,567 2,628

555 3,636 2,235 2,632

659 3,744 2,596 2,408

873 3,938 2,970 2,296

1,152 3,078 2,687 2,068

1,102 2,157 1,979 1,471

1,090 1,461 1,480 1,161

.. 0.0 0.0 5.2 1.0 0.0 76.7 0.0 0.0 17.1

0.0 .. .. 4.6 0.0 0.0 76.2 0.0 0.0 19.2

0.0 .. .. 3.1 0.0 0.0 70.3 0.0 0.0 26.6

0.0 .. .. 5.2 0.0 0.0 59.6 0.0 0.0 35.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. 0.0 7.5 0.0 8.8 0.0 16.8 3.1 0.0 63.7

.. 0.0 0.5 7.3 5.5 0.0 75.5 2.2 0.0 9.1

.. 0.0 0.0 11.3 8.1 0.0 64.1 0.5 0.0 15.9

.. 0.0 0.0 8.1 8.0 0.0 64.8 0.0 0.0 19.1

.. 0.0 0.0 7.3 5.5 0.0 67.3 0.0 0.0 19.9

399 OMAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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

573 561 0 0 0 14 -2

-275 -489 0 0 0 -38 252

-543 -643 0 0 0 -27 127

-1,382 -1,323 0 0 0 32 -91

-753 -780 0 0 0 27 0

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. 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 8. DEBT STOCK-FLOW RECONCILIATION .. -233 107 39 161 13 -64 -425 .. 1 0 -1 .. 0 0 0 .. 0 0 0 44 .. 39 -55 1 -17 .. 152 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

7.9 9.4 3.2 9.1

7.5 13.8 4.0 12.8

6.7 6.0 4.7 13.7

3.4 18.0 3.2 37.5

6.3 11.7 2.6 15.8

5.4 10.6 2.4 20.9

0.0 0.0 0.0 0.0

1.8 6.3 1.5 25.0

4.3 20.3 4.0 36.7

.. .. .. ..

10.0 10.5 2.9 2.9

1.9 16.7 4.5 45.1

3.6 13.0 2.9 32.7

3.3 18.2 3.2 37.8

6.6 16.7 2.6 17.8

4.3 15.4 3.4 31.6

0.0 0.0 0.0 0.0

1.6 6.7 1.8 27.0

4.3 20.3 4.0 36.7

.. .. .. ..

7.5 9.2 3.3 10.3

8.0 13.5 4.0 9.9

7.1 5.0 5.0 10.9

3.9 11.1 3.1 28.8

5.9 6.1 2.7 13.5

6.7 4.2 1.0 6.7

0.0 0.0 0.0 0.0

2.4 4.3 0.3 14.9

0.0 0.0 0.0 0.0

.. 454 412 258 188 1,609 656 .. 75 34 33 183 859 375 .. 379 378 225 5 749 281 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

460 387 73

80 80 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

458 931 103

417 723 86

248 573 74

124 405 60

58 256 54

29 206 47

4 152 40

2 141 33

1 137 27

0 130 20

338 238 52

372 250 58

229 244 61

124 242 59

58 237 53

29 195 47

4 149 40

2 138 33

1 135 27

0 130 20

293 121 19

329 161 29

199 156 34

105 157 35

51 156 32

25 115 28

1 75 24

1 73 20

0 70 16

0 67 13

44 118 32

43 88 29

30 88 26

19 85 24

8 81 22

5 81 19

2 75 16

1 66 13

1 65 10

0 63 7

120 693 51

45 473 28

19 329 14

0 164 1

0 20 1

0 11 0

0 2 0

0 2 0

0 2 0

0 0 0

0 106 2

0 11 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 2 0

0 0 0

120 586 50

45 463 28

19 326 14

0 161 1

0 17 0

0 9 0

0 0 0

0 0 0

0 0 0

0 0 0

400 PAKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

3,407 3,257 3,252 5 45 104 0 0 0 0 0 0 0

9,931 8,520 8,502 18 674 737 0 0 0 0 0 0 0

20,663 16,643 16,506 138 835 3,185 1 1 0 15 15 0 2,343

30,074 26,312 23,974 2,338 1,281 2,481 0 0 0 0 0 0 4,779

32,263 28,743 26,141 2,602 1,360 2,159 213 143 70 577 482 94 1,569

33,891 30,358 28,136 2,221 1,704 1,830 0 0 0 0 0 0 2,122

32,779 29,731 27,171 2,560 1,529 1,519 0 0 0 0 0 0 2,573

31,704 28,583 26,485 2,098 1,807 1,314 0 0 0 0 0 0 2,181

33,672 30,100 28,102 1,998 2,032 1,540 0 0 0 0 0 0 2,709

36,345 32,992 31,373 1,619 2,108 1,245 0 0 0 0 0 0 3,366

571 571 0 178 150 28 393 0 81 81 0 0 313 259 230 28 0

1,366 1,058 308 492 352 139 1,170 296 377 248 27 103 793 869 600 166 103

1,746 1,746 0 1,071 905 166 1,089 414 831 515 52 264 258 1,902 1,420 218 264

4,801 4,520 281 2,848 2,537 311 1,618 -335 1,235 905 37 294 383 4,083 3,441 348 294

2,680 2,501 178 1,441 1,283 158 704 -535 856 711 35 110 -152 2,297 1,994 193 110

2,659 2,048 611 1,888 1,652 236 655 -116 1,047 954 44 49 -392 2,935 2,606 280 49

1,834 1,640 195 1,869 1,587 282 -346 -311 985 858 49 78 -1,331 2,854 2,444 332 78

2,685 2,175 510 2,132 1,958 174 348 -205 864 755 52 57 -516 2,996 2,713 226 57

2,353 2,011 343 2,012 1,744 268 568 226 838 743 40 55 -270 2,850 2,487 307 55

1,623 1,136 488 2,180 1,585 595 -852 -295 848 788 25 35 -1,700 3,028 2,374 619 35

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

498 422 23 0 53 24 433 64

1,251 706 64 0 482 120 1,021 230

1,411 841 245 0 324 318 1,228 182

3,204 1,983 716 330 174 130 947 2,257

1,878 1,219 506 -22 175 119 1,024 853

1,191 396 532 66 197 100 1,071 120

520 53 308 35 124 82 538 -18

1,346 217 383 -130 876 92 1,622 -276

1,453 266 823 79 284 209 1,066 387

1,379 -450 534 -26 1,320 144 1,247 132

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

417 81 0 369 48

998 248 6 819 179

842 515 53 778 64

2,017 905 283 263 1,754

859 711 307 502 357

-32 954 269 525 -557

-766 858 429 12 -778

121 755 470 1,154 -1,033

134 743 576 511 -377

-303 788 893 596 -899

10,142 .. 0 .. 195 ..

25,601 5,366 2,048 6,707 1,568 -866

62,426 10,161 996 13,625 2,117 -920

71,393 11,312 1,075 14,484 2,087 -85

69,335 12,164 1,461 14,260 4,218 1,878

69,178 15,943 3,554 15,083 8,796 3,854

80,120 18,978 3,964 17,675 11,816 3,573

.. 33.6 .. .. 0.8 5.7 .. 3.1 68.9 18.0

185.1 38.8 16.2 7.0 1.5 15.8 2.8 7.4 71.6 15.4

333.5 54.3 28.9 10.3 1.7 6.2 1.9 5.4 54.6 41.7

289.8 45.9 25.2 8.7 1.4 6.4 1.7 4.6 55.0 41.1

260.6 45.7 24.6 7.1 1.2 13.3 3.5 4.1 62.0 41.2

211.2 48.7 17.9 5.3 1.2 26.1 7.0 4.6 64.5 44.1

191.5 45.4 16.0 4.5 1.1 32.5 8.0 3.4 66.5 44.5

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

41,735 8,937 2,006 11,386 1,046 -1,661

61,936 11,830 1,707 15,775 1,795 -1,712

61,626 10,509 1,172 14,358 1,626 -2,248

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

231.2 49.5 21.3 9.3 2.0 5.1 1.1 15.4 58.5 33.4

254.2 48.6 34.5 10.4 2.0 6.0 1.4 8.2 50.0 39.4

307.0 52.4 21.9 8.1 1.4 5.0 1.4 6.7 52.2 40.7

401 PAKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

3,257 3,252 2,942 614 280 2,327 2,067 311 0 6 305 5 0 5

8,520 8,502 7,952 1,532 956 6,420 6,154 550 0 115 435 18 0 18

16,643 16,506 15,791 6,894 3,887 8,897 8,207 714 0 401 313 138 0 138

330 280

330 821

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

571 569 471 94 23 377 325 98 0 0 98 3 0 3

1997

1998

1999

2000

2001

2002

2003

26,312 23,974 21,544 11,860 7,116 9,684 7,926 2,430 685 1,351 394 2,338 45 2,293

28,743 26,141 23,715 13,125 7,973 10,590 8,852 2,427 685 1,378 364 2,602 45 2,557

30,358 28,136 25,976 14,132 8,537 11,844 9,964 2,160 623 1,149 387 2,221 45 2,176

29,731 27,171 25,120 13,477 8,192 11,643 9,844 2,051 623 1,099 329 2,560 45 2,515

28,583 26,485 25,173 13,072 8,199 12,101 11,442 1,312 623 601 88 2,098 0 2,098

30,100 28,102 27,226 14,854 9,926 12,371 11,799 876 445 357 74 1,998 0 1,998

32,992 31,373 30,574 16,172 10,813 14,402 13,369 799 325 263 211 1,619 0 1,619

1,816 2,106

3,046 3,526

3,136 3,800

3,315 3,905

3,093 3,828

2,796 4,245

2,749 5,394

2,695 5,869

1,058 1,049 793 161 103 631 539 256 0 101 156 9 0 9

1,746 1,708 1,629 978 360 651 325 78 0 8 70 38 0 38

4,520 3,842 2,616 1,195 532 1,421 368 1,227 375 821 31 678 0 678

2,501 1,893 1,738 1,006 579 733 638 154 0 122 32 609 0 609

2,048 1,847 1,749 1,217 411 531 85 98 0 1 97 201 0 201

1,640 1,523 1,518 1,039 378 479 255 4 0 0 4 117 0 117

2,175 2,002 1,669 1,629 1,118 40 16 333 0 331 3 173 0 173

2,011 1,790 1,684 1,619 1,174 64 63 106 0 96 10 221 0 221

1,136 1,056 845 678 259 166 157 211 0 50 161 80 0 80

66 23

16 74

356 135

490 233

130 218

434 194

159 141

70 599

33 928

28 118

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

150 149 90 22 0 68 45 59 0 1 58 1 0 1

352 346 253 41 5 212 177 92 0 10 83 7 0 7

905 866 725 307 43 418 359 141 0 88 53 39 0 39

2,537 2,201 1,843 619 111 1,225 568 358 0 122 236 335 0 335

1,283 983 889 479 119 410 271 94 0 48 46 300 0 300

1,652 1,026 875 604 137 271 11 150 75 66 9 626 0 626

1,587 1,142 1,104 828 165 276 13 37 0 30 7 445 0 445

1,958 1,452 923 810 175 113 6 529 0 451 78 506 45 461

1,744 1,444 902 840 179 63 0 541 178 340 23 301 0 301

1,585 1,206 918 807 209 111 4 288 120 147 21 379 0 379

22 0

26 4

73 19

206 42

196 47

225 58

227 64

232 68

242 76

268 88

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

422 420 381 72 23 309 279 39 0 -1 40 2 0 2

706 704 539 120 99 419 363 164 0 91 73 2 0 2

841 841 904 672 317 232 -34 -63 0 -80 17 0 0 0

1,983 1,641 772 576 420 196 -200 869 375 699 -205 342 0 342

1,219 910 849 527 460 322 367 60 0 75 -14 309 0 309

396 821 873 613 274 260 74 -52 -75 -65 88 -425 0 -425

53 381 414 211 213 203 242 -33 0 -30 -3 -328 0 -328

217 551 746 819 943 -73 10 -196 0 -120 -75 -333 -45 -288

266 346 781 780 995 2 62 -435 -178 -244 -13 -80 0 -80

-450 -150 -73 -128 50 55 153 -77 -120 -97 140 -299 0 -299

44 23

-10 70

283 116

284 191

-67 171

209 136

-67 77

-161 531

-209 851

-241 29

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

402 PAKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

81 81 65 21 2 44 31 16 0 0 16 0 0 0

248 246 203 61 7 142 128 44 0 9 34 1 0 1

515 505 450 247 30 204 174 54 0 38 16 11 0 11

905 760 684 392 65 292 200 77 17 18 41 144 2 142

711 565 522 342 62 181 76 43 9 16 18 147 2 144

954 678 545 438 78 107 46 133 54 69 10 276 2 274

858 641 527 383 73 144 57 114 61 38 15 217 2 215

755 579 468 361 70 107 29 110 62 33 15 177 1 176

743 638 555 332 82 223 184 83 58 18 8 105 0 105

788 699 651 317 89 334 285 48 40 6 1 90 0 90

19 2

33 6

126 15

193 26

182 26

204 28

182 29

159 28

125 35

105 42

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

341 339 316 51 21 265 248 23 0 -1 25 2 0 2

458 457 337 60 92 277 235 121 0 82 39 1 0 1

326 337 454 425 287 29 -207 -117 0 -118 1 -11 0 -11

1,079 881 89 184 356 -96 -401 792 358 681 -247 198 -2 200

507 345 327 186 398 142 291 18 -9 59 -32 162 -2 164

-558 143 328 175 196 153 28 -185 -129 -133 77 -701 -2 -699

-805 -260 -113 -172 140 60 184 -147 -61 -69 -17 -545 -2 -542

-538 -28 278 458 873 -180 -19 -306 -62 -153 -90 -510 -46 -464

-477 -292 226 448 914 -221 -122 -518 -236 -262 -21 -185 0 -185

-1,238 -849 -724 -446 -39 -279 -133 -125 -160 -104 139 -389 0 -389

25 21

-42 64

157 101

91 166

-249 145

5 108

-249 48

-320 503

-334 817

-346 -12

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

230 230 155 43 2 112 77 75 0 1 74 1 0 1

600 592 456 102 12 355 305 136 0 19 117 8 0 8

1,420 1,371 1,175 553 73 622 532 196 0 126 69 49 0 49

3,441 2,962 2,527 1,011 176 1,516 769 435 17 140 277 479 2 477

1,994 1,548 1,411 820 181 591 347 137 9 64 64 447 2 444

2,606 1,704 1,421 1,043 215 378 57 283 129 135 19 902 2 900

2,444 1,783 1,631 1,211 238 420 71 151 61 69 22 662 2 659

2,713 2,030 1,391 1,171 245 220 35 639 62 484 93 683 46 637

2,487 2,082 1,457 1,172 261 286 185 624 236 358 31 406 0 406

2,374 1,905 1,569 1,124 298 445 289 336 160 154 22 469 0 469

41 2

58 9

199 34

399 68

379 73

429 86

409 93

390 96

367 111

373 130

1,609 1,396 213

2,822 2,677 145

9,153 8,921 231

7,115 6,765 350

6,548 6,331 217

5,175 5,120 55

3,426 3,352 74

3,496 3,026 470

3,492 3,161 332

3,818 3,746 72

2,347 5 3,130 127

7,110 129 8,432 88

12,094 2,232 16,374 269

15,041 8,994 23,914 2,398

16,826 9,743 26,081 2,661

18,501 8,931 27,976 2,382

18,035 9,132 26,993 2,738

19,642 7,262 26,387 2,196

21,725 8,372 28,022 2,079

24,181 9,182 31,317 1,675

12.6 .. .. 13.7 0.5 0.2 41.5 25.1 3.0 3.3

10.8 .. .. 17.6 0.5 0.1 41.7 24.9 3.0 1.3

12.0 .. .. 17.9 0.4 0.3 42.0 23.0 2.9 1.5

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 8.7 1.5 5.6 15.2 0.6 45.6 16.1 0.0 6.5

.. 9.1 3.2 8.4 3.7 0.4 53.8 9.6 0.0 11.7

.. 10.2 1.8 13.6 1.5 0.3 35.7 26.2 3.1 7.6

.. 5.9 2.2 13.0 0.8 0.3 40.7 31.1 3.0 3.0

.. 5.7 2.2 15.6 0.8 0.3 38.6 31.2 3.1 2.5

.. 4.8 2.4 17.6 0.7 0.2 39.4 30.0 3.1 1.8

.. 4.5 2.6 16.9 0.7 0.3 41.5 28.1 3.1 2.4

403 PAKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 0 0 3,421 .. 0 0 0 615 .. 0 0 0 2,158 .. 0 0 0 1,453 .. 0 0 0 705 .. 0 0 0 625 .. 0 0 0 508 .. 0 0 0 118 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 245 2,189 1,629 .. 2,315 1,170 1,089 1,618 704 655 .. 0 0 213 -213 .. 0 0 0 625 .. 0 0 0 0 -1,856 1,129 495 .. 1,085 .. 141 482 143 67 9. AVERAGE TERMS OF NEW COMMITMENTS

918 29 653 575 78 236 200 37 0 0 0 0

13,268 11,395 1,325 1,187 138 129 109 20 0 0 0 0

157 0 0 0 0 146 145 0 0 0 0 0

10 0 0 0 0 7 7 0 0 0 0 0

-1,112 -346 0 236 0 -1,669 666

-1,075 348 0 129 0 -1,852 300

1,968 568 0 146 0 2,217 -962

2,674 -852 0 7 0 2,982 536

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 393 .. .. .. .. ..

2.6 31.7 11.5 60.7

4.4 30.1 6.6 47.9

5.3 22.5 6.1 34.6

5.2 12.0 3.4 21.5

5.1 18.1 5.0 32.0

4.8 14.8 3.9 25.5

6.3 12.5 3.0 19.9

2.8 19.9 5.4 46.7

1.9 23.7 6.5 56.7

1.7 19.9 4.8 52.7

2.1 35.0 13.1 67.3

2.5 35.5 8.2 62.2

5.2 22.9 6.1 35.5

5.0 18.9 5.2 32.5

4.9 19.3 5.3 34.6

4.8 14.8 3.9 25.5

6.2 12.8 3.1 20.7

1.9 24.3 6.8 57.7

1.9 23.7 6.5 56.7

1.7 19.7 4.7 52.4

5.7 11.2 1.9 17.9

11.3 10.8 0.9 -4.0

8.8 11.3 4.8 5.1

5.5 3.3 1.2 7.6

7.1 6.5 2.1 7.2

0.0 0.0 0.0 0.0

8.0 5.3 1.0 4.5

5.2 7.1 1.3 14.3

0.0 0.0 0.0 0.0

1.8 30.0 9.0 66.5

1,054 1,113 2,925 3,129 1,974 940 865 912 873 2,843 1,738 1,790 940 820 143 240 82 1,392 184 0 45 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

3,081 2,299 782

1,863 1,863 0

1,348 1,320 28

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,197 1,816 793

935 1,762 750

671 1,591 707

358 1,588 672

193 1,489 613

95 1,337 569

46 1,292 528

24 1,209 491

8 1,192 458

4 1,144 430

1,159 1,017 675

910 1,198 672

665 1,253 653

356 1,340 634

192 1,333 591

95 1,225 551

46 1,202 515

24 1,145 481

8 1,150 453

4 1,129 427

87 108 356

109 291 357

72 308 347

49 362 349

27 355 337

15 278 324

9 290 313

5 247 303

0 252 295

0 254 287

1,072 909 319

801 907 314

593 945 305

307 978 285

164 978 255

79 946 227

37 913 201

18 898 178

8 898 158

4 875 140

38 800 117

25 564 78

6 338 55

2 248 38

1 156 22

0 112 18

0 90 13

0 64 10

0 41 5

0 16 3

27 100 6

13 100 4

1 65 2

0 12 1

0 12 1

0 12 0

0 1 0

0 0 0

0 0 0

0 0 0

11 699 112

12 463 74

6 273 53

2 235 37

1 144 21

0 100 18

0 89 13

0 64 10

0 41 5

0 16 3

404 PANAMA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

229 194 194 0 0 35 0 0 0 0 0 0 0

2,973 2,269 2,269 0 23 681 1 0 1 0 0 0 0

6,506 3,855 3,855 0 272 2,379 979 266 713 1,984 553 1,431 204

6,031 5,427 5,082 344 142 462 50 0 50 168 5 163 247

6,416 5,776 5,427 349 177 463 22 0 22 109 3 107 291

6,847 6,254 5,687 567 149 444 1 0 1 2 0 2 118

7,046 6,491 5,711 780 90 464 1 0 1 2 0 2 109

8,246 7,728 6,332 1,395 54 464 1 0 1 2 0 2 75

8,298 7,878 6,409 1,469 50 371 0 0 0 1 0 1 149

8,770 8,286 6,563 1,723 45 439 0 0 0 1 0 1 178

67 67 0 25 24 2 42 0 7 7 0 0 35 32 30 2 0

404 404 0 232 215 17 361 189 256 252 3 2 105 488 466 20 2

6 6 0 121 51 70 -115 0 224 91 16 117 -339 345 141 87 117

1,789 1,743 46 1,239 1,213 26 283 -267 331 301 6 24 -48 1,570 1,514 32 24

775 735 41 359 346 13 445 29 369 336 7 27 75 729 682 20 27

911 911 0 333 309 24 580 2 408 376 7 26 172 741 685 30 26

725 725 0 463 412 52 282 20 455 419 7 30 -173 918 830 58 30

1,913 1,913 0 662 628 33 1,251 0 514 481 4 30 737 1,176 1,110 37 30

1,325 1,325 0 1,154 1,146 8 79 -93 522 510 2 11 -444 1,677 1,656 10 11

696 696 0 407 398 9 358 69 548 534 1 13 -190 955 932 10 13

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

76 44 33 0 -1 8 10 66

414 189 219 0 6 9 83 331

216 -44 136 -1 126 -16 87 129

1,841 530 1,299 0 11 25 131 1,710

1,602 389 1,203 0 11 27 146 1,456

1,478 601 864 0 12 23 16 1,462

1,024 313 700 0 10 23 -1 1,024

1,700 1,285 405 0 10 28 8 1,692

266 179 78 0 9 31 65 201

1,109 298 792 0 19 37 32 1,077

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

69 7 0 7 62

-294 252 456 49 -343

-71 91 196 -1 -70

1,024 301 516 65 960

628 336 638 78 550

378 376 724 -62 441

26 419 579 -80 106

638 481 581 -74 711

-521 510 277 -3 -518

-137 534 712 -37 -100

1,034 .. 0 .. 16 ..

3,393 7,855 65 8,222 117 -329

10,765 8,652 48 9,966 823 -1,159

11,007 9,425 16 10,258 723 -673

11,205 9,442 73 9,766 1,092 -170

11,932 8,630 85 8,885 1,183 -96

12,068 8,456 85 9,054 1,011 -442

.. 22.1 .. .. 0.7 6.9 .. 15.3 34.2 16.5

37.8 87.6 6.2 3.3 7.5 3.9 0.2 22.9 8.9 10.9

79.1 63.6 8.6 4.7 3.8 12.0 1.0 6.5 5.9 15.0

74.8 64.0 9.7 4.8 4.1 10.3 0.8 6.6 5.1 14.6

87.3 73.6 12.5 5.4 4.6 13.2 1.3 5.6 3.9 12.8

96.1 69.5 19.4 6.1 4.4 14.3 1.6 4.5 4.1 13.6

103.7 72.7 11.3 6.5 4.5 11.5 1.3 5.0 3.9 13.5

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

5,051 5,595 110 5,588 344 209

9,672 9,843 64 10,484 1,148 -507

10,408 9,919 58 11,077 954 -1,016

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

116.3 128.8 6.2 4.0 4.4 5.3 0.7 36.6 6.1 15.7

61.3 62.4 15.9 3.4 3.4 19.0 1.3 7.7 6.8 12.8

64.7 61.6 7.3 3.7 3.5 14.9 1.0 7.2 6.3 15.3

405 PANAMA (US$ million, unless otherwise indicated) 1970

1980

1990

194 194 93 38 29 55 49 101 29 6 66 0 0 0

2,269 2,269 593 325 127 268 138 1,676 395 1,161 120 0 0 0

3,855 3,855 1,502 1,019 200 483 194 2,353 260 1,970 123 0 0 0

7 0

133 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

67 67 15 6 6 9 8 52 0 0 52 0 0 0

1997

1998

1999

2000

2001

2002

2003

5,427 5,082 1,145 772 123 373 288 3,938 3,328 566 43 344 321 23

5,776 5,427 1,329 983 121 345 284 4,098 3,600 489 9 349 246 103

6,254 5,687 1,349 1,028 126 321 281 4,338 3,925 402 11 567 266 301

6,491 5,711 1,297 1,030 117 266 245 4,415 4,141 262 11 780 266 514

7,728 6,332 1,265 1,053 114 212 209 5,067 4,882 176 9 1,395 520 875

7,878 6,409 1,360 1,131 112 229 228 5,049 4,920 121 8 1,469 427 1,042

8,286 6,563 1,418 1,186 108 231 231 5,145 5,034 105 6 1,723 510 1,213

462 0

209 0

279 0

288 0

283 0

282 0

287 0

270 0

404 404 95 68 23 27 10 309 25 272 13 0 0 0

6 6 6 0 0 6 0 0 0 0 0 0 0 0

1,743 1,469 240 200 1 39 39 1,230 1,200 30 0 274 246 28

735 650 247 235 8 12 12 403 352 51 0 85 0 85

911 666 113 94 8 19 19 553 517 34 2 245 20 225

725 487 99 88 7 11 11 388 370 17 2 238 0 238

1,913 1,235 106 97 8 8 8 1,129 1,123 6 0 679 267 412

1,325 1,079 141 117 12 23 23 938 930 8 0 247 0 247

696 421 134 128 10 6 6 287 275 12 0 275 0 275

0 0

20 0

0 0

53 0

91 0

31 0

22 0

26 0

30 0

16 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

24 24 5 2 1 3 2 19 1 2 16 0 0 0

215 215 18 9 3 8 2 197 9 165 23 0 0 0

51 51 45 43 0 2 0 6 2 1 3 0 0 0

1,213 1,209 121 69 9 51 29 1,088 987 95 6 5 0 5

346 266 111 60 10 51 29 155 59 94 3 80 75 5

309 283 109 54 10 55 35 173 156 16 1 27 0 27

412 387 109 58 9 52 33 277 120 156 1 25 0 25

628 558 108 59 11 49 32 450 356 92 2 70 20 50

1,146 951 84 69 14 15 13 867 802 63 2 195 115 80

398 294 121 107 18 14 13 172 143 28 2 104 0 104

1 0

6 0

41 0

29 0

26 0

21 0

24 0

26 0

27 0

35 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

44 44 11 5 5 6 6 33 -1 -2 36 0 0 0

189 189 77 59 20 18 8 112 16 106 -10 0 0 0

-44 -44 -39 -43 0 4 0 -5 -2 -1 -3 0 0 0

530 261 119 131 -9 -12 10 142 213 -65 -6 269 246 23

389 384 136 175 -2 -39 -17 248 293 -43 -3 5 -75 80

601 383 4 40 -2 -36 -16 379 361 18 1 218 20 198

313 100 -11 30 -2 -41 -23 111 249 -139 0 213 0 213

1,285 677 -3 39 -3 -41 -23 679 767 -86 -2 608 247 361

179 127 56 48 -2 8 10 71 128 -55 -2 52 -115 167

298 127 13 21 -8 -8 -7 115 132 -16 -2 171 0 171

-1 0

15 0

-41 0

25 0

65 0

9 0

-2 0

0 0

3 0

-19 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

406 PANAMA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

7 7 3 1 1 1 1 4 1 0 3 0 0 0

252 252 35 20 3 15 4 217 40 168 9 0 0 0

91 91 88 85 9 2 0 3 0 0 3 0 0 0

301 292 66 45 3 21 13 226 163 59 3 9 8 1

336 300 68 53 2 15 9 232 198 32 2 36 30 6

376 336 78 66 3 13 9 258 234 23 1 39 22 17

419 366 79 69 4 10 8 287 264 21 1 53 24 29

481 421 81 72 4 9 7 339 325 14 1 61 31 30

510 437 68 62 3 6 5 369 361 8 0 73 38 35

534 470 68 62 3 6 6 402 396 6 0 64 32 32

0 0

12 0

27 0

15 0

15 0

19 0

21 0

20 0

18 0

15 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

37 37 8 3 4 5 5 29 -2 -3 33 0 0 0

-62 -62 42 39 17 4 4 -105 -24 -61 -20 0 0 0

-135 -135 -127 -128 -9 1 0 -9 -2 -1 -6 0 0 0

230 -31 53 87 -11 -34 -3 -84 50 -124 -9 260 239 22

53 84 68 122 -4 -54 -26 16 95 -74 -5 -31 -105 74

226 47 -74 -25 -5 -49 -25 122 127 -6 1 179 -2 181

-105 -266 -90 -39 -6 -51 -30 -176 -15 -160 -1 160 -24 184

804 256 -84 -34 -7 -50 -30 340 442 -100 -2 547 216 331

-330 -310 -12 -14 -5 3 5 -298 -233 -63 -2 -21 -153 132

-236 -343 -56 -42 -11 -14 -13 -287 -263 -22 -2 107 -32 139

-1 0

3 0

-68 0

10 0

50 0

-9 0

-23 0

-20 0

-15 0

-34 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

30 30 7 3 2 4 3 23 2 3 19 0 0 0

466 466 52 29 6 23 6 414 49 333 32 0 0 0

141 141 132 128 9 4 0 9 2 1 6 0 0 0

1,514 1,500 187 114 12 73 42 1,314 1,150 154 9 14 8 6

682 566 179 113 12 66 39 387 257 125 5 116 105 11

685 619 188 120 13 68 44 431 390 39 2 66 22 43

830 753 189 127 13 62 41 564 385 177 2 78 24 54

1,110 979 189 131 14 58 38 789 680 106 2 131 51 80

1,656 1,389 152 132 17 21 19 1,236 1,163 71 2 267 153 115

932 764 190 170 21 20 19 574 538 34 2 168 32 136

1 0

17 0

68 0

44 0

41 0

40 0

45 0

46 0

45 0

50 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

96 92 5

594 522 73

222 214 8

679 534 146

802 701 101

832 736 96

738 719 19

627 613 14

589 572 17

492 478 14

78 0 194 0

265 1,197 2,269 0

394 2,186 3,855 0

411 3,055 5,082 344

404 3,008 5,427 349

407 2,984 5,687 567

362 2,918 5,711 780

323 3,304 6,332 1,395

339 3,026 6,409 1,469

339 3,206 6,563 1,723

.. 0.0 0.1 1.8 0.1 0.0 91.8 5.8 0.4 0.1

0.1 .. .. 1.3 0.0 0.0 93.6 4.7 0.3 0.0

0.1 .. .. 1.3 0.0 0.0 94.0 4.4 0.2 0.0

0.1 .. .. 1.3 0.0 0.0 94.4 4.0 0.2 0.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.3 94.5 5.2 0.0 0.0

.. 0.0 0.0 9.6 0.0 0.0 71.1 11.4 0.0 7.8

.. 0.0 0.1 9.8 0.7 0.1 62.0 24.6 0.5 2.2

.. 0.0 0.1 2.5 0.2 0.0 86.1 10.4 0.3 0.4

.. 0.0 0.1 2.1 0.2 0.0 89.6 7.1 0.5 0.3

.. 0.0 0.1 2.2 0.1 0.0 90.4 6.6 0.5 0.2

407 PANAMA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 56 29 3 .. 0 0 0 0 .. 0 1,227 80 155 .. 0 987 58 123 8. DEBT STOCK-FLOW RECONCILIATION 430 .. 273 -47 385 283 445 580 361 -115 .. 330 1 -28 -21 .. 0 0 0 0 -35 .. 0 -296 -51 .. 74 -107 11 8 .. -16 71 9 -101 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 154 120

0 0 0 0 0 0 0 0 3 0 361 337

0 0 0 0 0 0 0 0 3 0 531 445

0 0 0 0 0 0 0 0 7 0 11 0

199 282 0 0 -34 -42 -7

1,200 1,251 0 0 -27 -29 5

52 79 -1 0 -90 -16 81

472 358 0 0 -18 -15 148

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 42 .. .. .. .. ..

6.9 15.0 4.0 16.9

11.3 11.4 4.5 -4.2

5.0 8.3 4.8 22.6

8.2 19.5 16.1 11.2

6.7 13.9 6.8 18.5

8.5 27.1 23.0 10.7

9.3 19.9 15.8 1.4

8.6 11.1 9.3 7.5

5.0 24.3 4.6 33.5

8.3 27.8 25.4 13.2

6.0 24.5 6.2 27.9

6.3 15.4 5.3 21.2

5.0 8.3 4.8 22.6

7.2 20.7 5.4 17.7

5.7 17.1 4.6 23.8

6.5 24.2 5.9 25.0

5.8 22.8 4.6 29.2

5.2 19.7 4.8 28.8

5.1 26.1 5.0 35.4

6.1 20.0 5.2 25.2

7.9 4.3 1.6 4.5

15.2 8.3 4.0 -24.0

0.0 0.0 0.0 0.0

8.4 19.1 18.9 9.5

8.0 9.7 9.6 11.4

9.0 27.9 27.7 6.7

10.4 19.0 19.0 -6.6

9.1 9.9 9.9 4.5

4.4 6.7 1.0 16.2

8.7 29.2 29.1 11.0

111 533 4 1,578 832 698 479 59 233 4 329 473 151 107 52 300 0 1,248 358 547 372 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,283 159 1,124

113 102 11

336 52 284

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

169 553 580

133 449 561

89 804 534

51 341 508

25 958 472

12 272 432

6 256 421

4 991 374

2 892 305

0 202 258

162 160 76

129 163 73

87 158 68

51 152 62

25 147 56

12 138 50

6 132 43

4 127 37

2 117 31

0 106 25

3 16 6

3 15 5

2 12 5

2 13 5

1 14 4

1 13 4

1 14 4

0 14 3

0 14 3

0 14 3

158 144 70

127 148 67

85 146 63

49 139 58

24 133 52

11 125 46

6 119 40

3 113 34

2 103 28

0 92 23

8 393 504

4 286 489

2 646 466

1 189 446

0 811 416

0 135 383

0 124 378

0 865 337

0 775 274

0 95 232

8 28 4

4 18 3

2 16 3

1 15 2

0 11 1

0 10 1

0 8 1

0 7 0

0 2 0

0 1 0

0 365 500

0 268 485

0 630 464

0 174 444

0 799 414

0 124 382

0 116 377

0 858 337

0 773 273

0 94 232

408 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

209 209 36 173 0 0 0 0 0 0 0 0 0

719 624 485 139 31 64 0 0 0 0 0 0 0

2,594 2,461 1,523 938 61 72 0 0 0 0 0 0 223

2,590 2,388 1,338 1,049 48 154 0 0 0 0 0 0 497

2,712 2,510 1,430 1,080 46 157 0 0 0 0 0 0 118

2,695 2,576 1,517 1,059 22 97 0 0 0 0 0 0 105

2,592 2,504 1,490 1,014 39 49 0 0 0 0 0 0 96

2,505 2,329 1,397 932 108 68 0 0 0 0 0 0 63

2,477 2,297 1,479 818 116 64 0 0 0 0 0 0 52

2,463 2,231 1,504 727 122 111 0 0 0 0 0 0 56

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

154 154 0 20 20 0 134 0 10 10 0 0 124 30 30 0 0

150 135 15 78 72 7 108 36 72 52 1 19 36 150 123 7 19

681 623 58 391 388 3 197 -93 162 156 0 6 35 553 544 3 6

525 525 0 425 425 0 220 120 107 100 2 4 114 532 525 2 4

235 235 0 213 209 4 25 3 98 88 2 8 -74 312 298 6 8

81 81 0 148 126 23 -127 -59 64 56 1 7 -191 213 182 24 7

293 254 38 216 196 19 29 -48 90 85 1 4 -61 306 282 20 4

266 194 72 191 190 1 94 19 78 73 3 2 15 270 264 4 2

59 59 0 208 208 0 -154 -5 69 65 3 1 -223 277 273 3 1

40 40 0 223 217 5 -135 47 72 69 2 1 -208 295 286 7 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

278 134 0 0 144 1 149 128

418 64 76 0 279 13 313 105

694 235 155 0 304 44 490 204

316 100 29 0 187 110 182 134

344 26 110 0 208 111 211 133

347 -45 297 0 95 104 79 268

252 58 96 0 98 144 206 45

137 4 63 0 70 133 135 2

-29 -149 21 0 99 136 46 -75

28 -178 101 0 105 149 26 2

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

268 10 0 149 118

163 52 204 306 -143

381 156 158 450 -70

-33 100 248 129 -162

79 88 176 164 -85

52 56 239 32 19

-31 85 198 156 -188

-142 73 206 90 -232

-317 65 224 2 -319

-283 69 243 -16 -267

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

626 .. 0 .. .. ..

2,488 1,089 5 1,561 458 -289

3,618 2,112 10 2,152 211 47

3,830 2,194 8 2,090 223 120

3,426 2,369 7 2,013 304 351

3,025 2,118 6 1,845 440 286

2,730 1,846 6 1,784 343 ..

2,739 2,473 6 2,291 520 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 33.4 .. .. 1.6 .. .. 0.0 0.5 0.8

66.0 28.9 13.8 6.6 2.9 63.7 3.5 8.9 11.9 21.2

128.4 75.0 14.8 4.7 2.7 7.8 1.2 5.8 31.8 31.7

122.9 70.4 9.7 2.9 1.7 8.3 1.3 3.6 36.8 34.1

109.4 75.7 12.9 3.8 2.6 11.7 1.8 1.9 35.4 33.3

118.3 82.8 12.7 3.7 2.6 17.6 2.9 2.7 32.1 34.0

134.2 90.7 15.0 3.7 2.5 13.9 2.3 2.6 34.9 36.1

99.6 89.9 11.9 2.9 2.6 21.1 2.7 4.5 36.2 36.4

3. MAJOR ECONOMIC AGGREGATES 3,098 1,487 5 1,719 427 -76

4,711 2,592 14 2,752 381 -99

4. DEBT INDICATORS 174.4 83.7 37.2 10.9 5.2 16.5 3.0 2.8 21.6 29.5

99.9 55.0 20.5 4.1 2.3 14.7 1.7 5.9 29.9 31.0

409 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

209 36 4 2 1 2 0 32 0 32 0 173 0 173

624 485 184 152 79 32 7 302 85 211 6 139 0 139

2,461 1,523 1,074 764 362 310 199 449 37 307 105 938 0 938

1 1

55 55

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

154 43 5 1 1 4 0 37 0 37 0 111 0 111

1997

1998

1999

2000

2001

2002

2003

2,388 1,338 1,238 804 401 434 374 101 0 69 32 1,049 0 1,049

2,510 1,430 1,347 861 429 486 435 83 0 61 22 1,080 0 1,080

2,576 1,517 1,449 919 497 530 496 68 0 53 15 1,059 0 1,059

2,504 1,490 1,430 863 454 567 465 60 0 54 6 1,014 0 1,014

2,329 1,397 1,332 852 401 481 402 65 0 63 2 932 0 932

2,297 1,479 1,392 895 444 497 422 87 0 87 0 818 0 818

2,231 1,504 1,410 898 443 512 449 94 0 94 0 727 0 727

235 115

269 101

267 100

241 97

244 92

275 88

272 87

269 86

135 120 40 36 20 4 4 80 0 75 5 15 0 15

623 280 234 180 77 54 28 45 0 20 25 343 0 343

525 140 120 72 11 47 46 20 0 20 0 386 0 386

235 101 100 44 12 56 33 1 0 1 0 134 0 134

81 79 76 46 13 30 30 3 0 3 0 2 0 2

254 219 206 67 12 139 56 13 0 13 0 35 0 35

194 184 154 111 3 43 42 30 0 30 0 10 0 10

59 59 33 26 7 7 4 27 0 27 0 0 0 0

40 40 25 21 6 4 3 15 0 15 0 0 0 0

1 1

2 13

64 0

48 0

14 0

8 0

43 0

66 0

9 0

7 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

20 0 0 0 0 0 0 0 0 0 0 20 0 20

72 32 6 3 1 3 1 25 8 17 0 40 0 40

388 184 48 35 15 13 2 136 0 129 7 204 0 204

425 208 125 47 6 77 24 83 0 73 10 217 0 217

209 116 97 48 6 50 17 19 0 9 10 93 0 93

126 109 92 55 8 37 20 17 0 10 7 16 0 16

196 116 97 54 10 44 33 19 0 10 9 80 0 80

190 98 90 51 10 39 36 9 0 7 2 92 0 92

208 94 86 50 12 36 22 8 0 7 2 114 0 114

217 126 104 49 13 55 24 23 0 23 0 91 0 91

0 0

2 0

14 1

28 2

29 2

31 3

29 3

25 3

24 3

22 4

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

134 43 5 1 1 4 0 37 0 37 0 91 0 91

64 89 34 33 19 1 4 55 -8 58 4 -25 0 -25

235 96 186 145 62 41 26 -91 0 -109 18 139 0 139

100 -68 -5 25 5 -30 23 -64 0 -54 -10 169 0 169

26 -15 3 -4 6 7 16 -18 0 -8 -10 41 0 41

-45 -31 -16 -9 5 -8 10 -14 0 -7 -7 -14 0 -14

58 103 109 13 2 96 23 -5 0 3 -9 -45 0 -45

4 86 65 61 -7 4 6 21 0 23 -2 -82 0 -82

-149 -35 -53 -24 -5 -29 -18 18 0 20 -2 -114 0 -114

-178 -87 -79 -28 -7 -51 -21 -8 0 -8 0 -91 0 -91

1 1

0 12

50 -1

20 -2

-15 -2

-23 -3

15 -3

40 -3

-14 -3

-15 -4

5. LONG-TERM DEBT

410 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

10 1 0 0 0 0 0 1 0 1 0 8 0 8

52 30 7 6 1 2 0 23 7 15 0 22 0 22

156 86 40 27 3 13 5 46 3 36 8 70 0 70

100 64 53 34 4 20 12 10 0 7 3 37 0 37

88 54 47 32 4 15 11 7 0 5 2 35 0 35

56 53 47 32 5 14 12 6 0 5 1 3 0 3

85 55 50 32 5 18 16 5 0 3 1 31 0 31

73 48 46 28 4 18 12 3 0 3 0 25 0 25

65 47 44 26 4 18 12 4 0 4 0 17 0 17

69 46 42 23 4 19 12 4 0 4 0 23 0 23

0 0

4 0

14 1

18 1

16 1

15 1

15 1

13 1

11 1

9 1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

124 41 5 1 1 4 0 36 0 36 0 83 0 83

12 59 27 28 19 -1 3 32 -15 43 4 -47 0 -47

79 10 146 118 58 28 21 -137 -3 -145 11 69 0 69

0 -132 -58 -9 1 -50 11 -74 0 -61 -13 132 0 132

-62 -69 -44 -36 2 -9 5 -25 0 -12 -12 7 0 7

-101 -83 -63 -41 0 -22 -2 -20 0 -12 -8 -17 0 -17

-27 49 59 -19 -3 77 7 -10 0 0 -10 -76 0 -76

-69 37 19 33 -11 -13 -6 18 0 20 -2 -107 0 -107

-213 -82 -97 -50 -9 -47 -30 15 0 16 -2 -131 0 -131

-247 -133 -121 -51 -11 -69 -33 -12 0 -12 0 -114 0 -114

1 1

-4 12

35 -2

1 -3

-32 -3

-38 -3

-1 -3

27 -4

-25 -4

-24 -4

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

30 1 0 0 0 0 0 1 0 1 0 29 0 29

123 61 14 9 2 5 1 48 15 32 1 62 0 62

544 270 88 62 18 26 7 182 3 165 15 274 0 274

525 272 178 81 10 97 35 94 0 80 13 254 0 254

298 170 144 79 11 65 28 26 0 13 12 128 0 128

182 162 139 87 12 51 31 23 0 15 8 20 0 20

282 171 147 86 14 62 49 23 0 13 10 111 0 111

264 147 135 79 14 56 48 12 0 9 2 117 0 117

273 141 129 76 16 54 34 12 0 10 2 131 0 131

286 172 146 73 17 73 36 26 0 26 0 114 0 114

0 0

6 0

28 2

47 3

45 3

46 3

44 3

39 4

34 4

31 4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

41 41 0

181 151 30

527 476 51

404 398 6

266 261 5

318 315 3

378 356 22

353 307 46

347 324 23

308 298 10

1 173 36 173

86 271 462 162

561 1,338 1,501 960

775 1,308 1,338 1,049

863 1,366 1,406 1,104

993 1,350 1,499 1,077

919 1,321 1,476 1,027

803 1,312 1,397 932

865 1,208 1,479 818

892 1,131 1,504 727

.. 0.8 0.0 29.3 0.8 0.0 20.8 39.0 0.6 8.7

2.8 .. .. 27.0 0.0 0.0 26.4 34.8 0.4 8.5

3.2 .. .. 28.6 0.0 0.0 25.4 34.4 0.5 7.9

3.5 .. .. 30.7 0.0 0.1 26.0 32.3 0.5 6.8

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 2.7 2.1 0.0 95.2

.. 5.2 0.0 4.4 2.7 5.8 35.0 27.4 0.0 19.6

.. 1.8 0.2 20.4 2.1 1.5 27.3 37.9 0.3 8.4

.. 1.4 0.1 26.5 1.4 0.0 19.2 46.1 0.5 4.9

.. 1.3 0.1 28.5 1.2 0.0 19.7 45.1 0.6 3.4

.. 0.9 0.1 31.0 1.0 0.0 18.5 44.9 0.6 3.1

411 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 278 82 123 -17 -127 108 197 220 25 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 91 74 .. 77 -157 .. 3 19 7 36 9. AVERAGE TERMS OF NEW COMMITMENTS

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 1 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

-103 29 0 0 0 -117 -15

-88 94 0 0 0 -118 -63

-28 -154 0 0 -1 116 11

-14 -135 0 0 0 156 -34

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 134 .. .. .. .. ..

6.4 21.7 8.1 25.4

11.2 17.7 4.8 1.1

6.0 16.0 4.6 22.7

5.6 27.5 6.2 32.9

6.3 15.6 3.6 20.6

5.7 25.5 5.7 31.4

6.5 16.0 4.8 20.4

3.8 16.1 4.2 35.5

1.9 24.6 6.5 58.6

0.0 0.0 0.0 0.0

5.4 20.9 5.2 30.5

5.8 29.1 6.9 34.9

5.7 17.3 4.9 24.5

5.6 27.5 6.2 32.9

6.3 15.6 3.6 20.6

5.7 25.5 5.7 31.4

6.5 17.3 5.1 21.5

4.7 18.3 4.7 33.8

1.9 24.6 6.5 58.6

0.0 0.0 0.0 0.0

7.7 22.9 12.2 18.0

15.5 8.8 3.1 -25.1

7.2 9.5 3.2 13.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

6.2 5.3 2.5 10.9

2.1 11.4 3.1 39.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

90 183 247 64 5 132 319 53 80 207 64 5 132 285 37 103 41 0 0 0 34 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

181 121 59

59 59 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

93 344 78

80 268 67

57 231 59

32 175 50

24 165 43

10 151 37

6 141 32

4 136 27

2 122 22

0 91 18

86 124 39

76 109 39

57 98 38

32 96 36

24 100 33

10 101 30

6 99 26

4 101 23

2 87 20

0 85 18

9 66 16

4 50 13

1 34 12

1 33 11

0 32 10

0 32 9

0 31 8

0 32 7

0 24 6

0 24 5

77 58 23

72 59 26

56 64 26

32 63 25

24 68 23

10 69 21

6 68 19

4 69 16

2 62 14

0 61 12

7 220 39

3 159 28

0 133 21

0 79 14

0 64 11

0 50 8

0 42 5

0 35 3

0 35 2

0 6 0

7 23 3

3 21 2

0 10 1

0 6 1

0 6 1

0 6 1

0 6 0

0 6 0

0 6 0

0 6 0

0 196 36

0 138 27

0 124 20

0 73 13

0 58 10

0 44 7

0 36 5

0 29 3

0 29 1

0 0 0

412 PARAGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

112 112 112 0 0 0 0 0 0 2 0 2 0

955 780 630 151 0 174 0 0 0 2 0 1 0

2,105 1,732 1,713 19 0 373 115 29 86 321 61 259 501

2,461 1,946 1,464 482 0 515 10 6 4 62 24 37 131

2,793 2,125 1,591 534 0 668 9 6 4 68 30 38 66

3,393 2,641 2,083 558 0 751 10 4 6 65 30 35 52

3,099 2,519 2,069 450 0 580 11 5 6 64 30 34 37

2,820 2,358 1,998 360 0 462 13 6 7 57 22 34 31

2,956 2,470 2,053 417 0 486 19 10 9 68 33 35 41

3,210 2,658 2,224 434 0 552 24 15 9 88 52 36 64

14 14 0 7 7 0 7 0 3 3 0 0 4 11 11 0 0

206 206 0 79 79 0 156 29 66 44 0 22 90 145 124 0 22

77 77 0 235 235 0 -83 75 90 77 0 13 -173 325 312 0 13

408 408 0 179 179 0 1 -228 113 76 0 37 -112 292 255 0 37

283 283 0 142 142 0 295 154 118 84 0 34 178 260 226 0 34

616 616 0 122 122 0 577 82 127 87 0 41 450 249 208 0 41

192 192 0 204 204 0 -185 -173 148 116 0 33 -333 353 320 0 33

125 125 0 213 213 0 -208 -120 146 128 0 18 -354 360 341 0 18

268 268 0 229 229 0 58 18 108 100 0 8 -51 337 329 0 8

250 250 0 201 201 0 109 61 109 103 0 6 1 310 304 0 6

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

12 7 4 0 1 7 5 7

168 127 32 0 10 21 48 120

-74 -158 77 0 7 40 -142 68

487 229 236 0 23 51 167 320

505 141 342 0 22 43 93 412

622 495 95 0 33 52 98 525

132 -13 119 0 26 56 113 19

16 -88 84 0 20 46 20 -4

67 39 9 0 19 48 2 65

157 48 91 0 18 48 36 121

9 3 0 2 6

70 44 54 31 38

-168 77 17 -199 31

261 76 150 108 153

243 84 178 27 216

431 87 105 31 401

-68 116 84 44 -111

-201 128 89 -54 -146

-71 100 38 -59 -12

5 103 49 -29 34

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

585 .. 0 .. 18 ..

4,621 693 52 973 783 -277

8,604 4,583 286 4,778 875 -160

7,759 3,248 268 3,441 988 -165

7,722 3,244 265 3,560 772 -291

6,864 2,841 264 3,134 723 -266

5,531 2,719 202 2,663 641 73

6,038 3,125 222 3,034 983 146

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 19.2 .. .. 0.6 15.7 .. 0.0 57.3 40.1

137.8 20.7 21.0 9.5 1.4 82.0 9.7 18.3 30.6 20.2

60.9 32.5 5.7 2.6 1.4 31.3 2.2 23.9 32.3 35.2

104.4 43.7 7.7 3.9 1.6 29.1 3.4 22.1 27.8 32.0

95.5 40.1 10.9 4.6 1.9 24.9 2.6 18.7 27.9 36.8

99.3 41.1 12.7 5.2 2.1 25.6 2.8 16.4 27.9 40.2

108.8 53.5 12.4 4.0 2.0 21.7 2.9 16.4 27.3 39.1

102.7 53.2 9.9 3.5 1.8 30.6 3.9 17.2 26.6 40.3

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

3. MAJOR ECONOMIC AGGREGATES 5,381 2,631 34 2,284 675 390

9,645 4,402 299 5,092 846 -650

4. DEBT INDICATORS 80.0 39.1 12.4 3.4 1.7 32.1 3.5 17.7 26.3 34.8

55.9 25.5 6.6 2.6 1.2 34.4 2.0 20.9 34.1 36.0

413 PARAGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

112 112 83 45 35 37 29 30 0 2 27 0 0 0

780 630 409 193 97 216 195 221 0 105 116 151 0 151

1,732 1,713 1,182 732 229 450 325 531 0 263 268 19 0 19

6 18

80 45

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

14 14 7 4 2 3 3 7 0 2 5 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,946 1,464 1,372 885 386 486 452 92 0 47 45 482 0 482

2,125 1,591 1,510 982 406 528 496 80 0 44 36 534 0 534

2,641 2,083 1,618 1,085 432 533 511 465 0 439 26 558 0 558

2,519 2,069 1,612 1,141 409 471 455 457 0 435 23 450 0 450

2,358 1,998 1,540 1,133 390 407 398 459 0 431 28 360 0 360

2,470 2,053 1,599 1,157 376 442 432 454 0 429 26 417 0 417

2,658 2,224 1,755 1,294 401 461 453 469 0 437 32 434 0 434

279 41

143 33

165 31

182 30

201 28

205 27

216 25

256 24

206 158 55 40 8 15 11 103 0 33 69 48 0 48

77 77 50 31 7 19 18 27 0 2 25 0 0 0

408 259 248 167 48 82 73 10 0 0 10 149 0 149

283 164 164 131 27 34 34 0 0 0 0 119 0 119

616 568 168 153 18 15 15 400 0 400 0 48 0 48

192 192 192 166 11 26 26 0 0 0 0 0 0 0

125 125 117 92 2 26 24 8 0 0 8 0 0 0

268 97 97 61 1 35 35 0 0 0 0 171 0 171

250 153 135 127 0 9 9 18 0 11 7 97 0 97

2 2

30 3

16 0

41 0

37 0

42 0

47 0

27 0

14 0

42 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

7 7 3 1 0 2 1 4 0 0 3 0 0 0

79 43 17 4 1 13 9 27 0 17 10 36 0 36

235 226 198 62 6 137 20 27 0 10 18 9 0 9

179 119 104 60 8 44 36 16 0 6 10 60 0 60

142 107 93 59 9 34 30 14 0 4 10 35 0 35

122 116 104 66 10 37 31 12 0 4 8 6 0 6

204 111 104 61 15 43 39 7 0 4 3 93 0 93

213 123 117 70 19 47 40 6 0 3 3 90 0 90

229 120 113 76 19 37 37 6 0 4 3 109 0 109

201 121 117 83 18 34 32 4 0 3 1 80 0 80

0 0

1 0

40 1

26 1

23 1

23 1

19 1

14 1

15 1

19 2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

7 7 4 3 2 1 2 3 0 2 2 0 0 0

127 114 38 36 6 2 2 76 0 16 60 13 0 13

-158 -149 -149 -31 1 -118 -3 0 0 -7 8 -9 0 -9

229 139 145 107 39 38 37 -6 0 -6 0 89 0 89

141 57 71 71 18 0 4 -14 0 -4 -10 84 0 84

495 453 64 87 8 -22 -16 388 0 396 -8 42 0 42

-13 80 87 105 -4 -18 -13 -7 0 -4 -3 -93 0 -93

-88 2 0 22 -17 -22 -16 2 0 -3 5 -90 0 -90

39 -23 -16 -14 -18 -2 -1 -6 0 -3 -3 62 0 62

48 31 18 44 -18 -26 -23 13 0 8 6 17 0 17

1 2

29 3

-24 -1

15 -1

15 -1

19 -1

28 -1

13 -1

-2 -1

23 -2

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

414 PARAGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 3 1 1 1 1 1 0 0 1 0 0 0

44 35 17 10 1 7 5 18 0 12 7 9 0 9

77 77 57 47 4 10 10 20 0 2 18 0 0 0

76 63 60 40 6 19 17 3 0 2 1 13 0 13

84 70 66 47 8 19 17 4 0 2 2 14 0 14

87 70 67 50 9 17 14 3 0 2 1 17 0 17

116 100 70 52 8 18 17 30 0 29 1 16 0 16

128 105 74 58 9 17 16 31 0 30 1 23 0 23

100 78 61 52 7 9 9 17 0 16 1 22 0 22

103 77 65 52 7 13 13 12 0 11 1 26 0 26

0 0

6 0

25 0

10 0

11 0

9 0

11 0

11 0

10 0

12 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 1 1 1 0 1 3 0 2 1 0 0 0

82 79 21 26 5 -5 -4 57 0 4 53 4 0 4

-235 -226 -206 -78 -2 -128 -13 -20 0 -10 -10 -9 0 -9

153 76 85 66 33 19 20 -9 0 -8 -1 77 0 77

57 -12 5 24 10 -20 -13 -17 0 -6 -12 70 0 70

408 383 -2 37 0 -39 -30 386 0 395 -9 25 0 25

-128 -19 18 53 -12 -36 -30 -37 0 -33 -4 -109 0 -109

-216 -103 -74 -36 -26 -38 -32 -29 0 -34 5 -113 0 -113

-61 -100 -77 -67 -25 -11 -10 -23 0 -20 -3 40 0 40

-54 -46 -47 -8 -25 -39 -36 1 0 -3 5 -9 0 -9

1 2

23 2

-49 -1

5 -2

4 -2

10 -2

17 -2

2 -2

-12 -2

11 -2

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 11 6 2 1 4 2 5 0 0 4 0 0 0

124 79 34 14 3 20 15 45 0 29 16 45 0 45

312 303 256 109 9 147 30 47 0 12 35 9 0 9

255 182 163 100 15 63 53 19 0 8 11 72 0 72

226 177 159 106 17 53 47 17 0 6 12 49 0 49

208 185 171 117 18 54 45 14 0 5 9 23 0 23

320 211 174 113 23 61 56 37 0 33 4 109 0 109

341 228 191 128 28 64 56 37 0 34 3 113 0 113

329 197 174 128 26 46 46 23 0 20 3 131 0 131

304 198 182 135 25 47 44 16 0 14 2 106 0 106

0 0

7 1

65 1

36 2

33 2

32 2

29 2

25 2

26 2

31 2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

46 41 5

567 423 144

563 455 107

1,009 1,009 0

913 913 0

762 762 0

662 662 0

673 652 20

585 565 20

550 547 3

64 0 110 2

292 213 628 152

553 287 1,713 19

838 715 1,464 482

902 860 1,591 534

943 1,387 2,083 558

864 1,351 2,069 450

788 1,312 1,998 360

808 1,434 2,053 417

853 1,585 2,224 434

.. 2.6 0.8 15.0 0.1 0.1 60.2 20.2 0.8 0.3

3.1 .. .. 13.5 0.1 0.1 62.7 19.9 0.6 0.0

3.4 .. .. 14.0 0.1 0.1 63.2 18.6 0.6 0.0

3.4 .. .. 13.7 0.1 0.1 64.2 18.0 0.6 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 11.4 0.0 0.0 0.2 0.0 66.4 19.6 0.0 2.2

.. 9.4 0.3 5.0 0.6 0.1 56.2 22.9 0.0 5.6

.. 11.4 10.5 15.6 2.0 0.3 17.2 37.8 0.8 4.2

.. 6.2 1.8 19.6 0.3 0.1 41.8 28.3 1.3 0.7

.. 5.4 1.6 20.2 0.2 0.1 44.5 26.2 1.1 0.6

.. 3.2 0.9 16.7 0.1 0.1 57.1 20.8 0.7 0.3

415 PARAGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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

600 577 1 0 0 -8 30

-293 -185 1 0 0 -97 -13

-279 -208 2 0 0 -70 -3

136 58 6 0 0 74 -1

254 109 5 0 0 99 41

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 7 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. 0 0 0 .. 0 0 0 .. 0 0 0 .. 0 0 0 .. 0 0 0 .. 0 0 0 .. 0 0 0 .. 0 0 0 .. 15 0 0 .. 0 0 0 .. 436 0 0 .. 111 0 0 8. DEBT STOCK-FLOW RECONCILIATION 332 .. -277 -105 -83 1 295 156 .. 37 0 -1 .. 0 0 0 .. -340 0 0 .. 778 -119 2 .. -670 13 35 9. AVERAGE TERMS OF NEW COMMITMENTS

5.7 25.0 5.5 33.1

7.0 26.6 6.6 23.5

3.5 34.4 10.1 53.9

6.8 31.0 4.4 19.2

7.0 91.0 2.6 19.2

6.7 20.0 5.0 20.9

6.4 21.8 3.0 22.1

4.8 19.5 5.6 34.1

2.4 18.3 2.6 44.6

2.3 18.0 4.7 48.5

4.9 28.6 6.3 39.1

5.4 27.9 7.1 36.9

3.5 34.4 10.1 53.9

6.8 32.0 4.6 19.7

7.0 91.0 2.6 19.2

7.0 20.0 4.5 18.7

6.4 21.8 3.0 22.1

4.7 20.4 5.9 35.6

2.4 18.3 2.6 44.6

2.3 18.0 4.7 48.5

10.1 5.3 1.4 -0.2

13.0 21.8 4.6 -26.3

0.0 0.0 0.0 0.0

7.1 6.0 0.5 7.0

0.0 0.0 0.0 0.0

6.7 20.0 5.0 20.9

0.0 0.0 0.0 0.0

5.7 8.8 2.3 16.9

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

14 99 117 252 61 405 125 12 78 117 242 61 5 125 2 21 0 10 0 400 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

141 129 11

19 19 0

149 149 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

174 312 111

136 285 100

97 278 90

64 252 79

40 237 69

18 212 59

10 202 50

4 185 42

3 171 35

2 130 28

172 175 79

136 165 75

97 168 70

64 181 63

40 175 56

18 158 49

10 154 42

4 142 35

3 128 29

2 105 24

35 50 14

20 48 13

11 41 12

5 42 11

2 35 9

2 34 8

0 31 7

0 25 6

0 25 5

0 18 4

137 125 65

116 117 62

85 127 58

58 139 53

39 140 47

17 124 41

10 123 35

4 117 29

3 103 24

2 87 20

2 137 32

1 120 25

0 110 20

0 71 16

0 62 13

0 54 10

0 48 8

0 43 7

0 43 5

0 26 4

0 19 10

0 28 9

0 28 8

0 28 8

0 28 7

0 28 6

0 27 6

0 26 5

0 26 4

0 26 4

2 118 22

1 92 16

0 82 12

0 43 8

0 35 6

0 26 4

0 22 3

0 17 2

0 17 1

0 0 0

416 PERU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

3,211 2,655 856 1,799 10 546 0 0 0 0 0 0 0

9,386 6,828 6,218 610 474 2,084 0 0 0 0 0 0 0

20,064 13,959 13,629 330 755 5,350 3,733 1,386 2,347 8,345 3,215 5,130 4,632

29,687 22,120 19,225 2,896 1,011 6,556 84 44 39 94 65 29 5,066

30,542 23,356 19,320 4,037 905 6,281 59 19 40 95 63 33 3,294

29,217 23,882 19,503 4,378 735 4,601 49 20 29 70 47 24 3,108

28,710 24,193 19,255 4,938 558 3,959 45 16 29 68 45 23 3,149

27,612 24,179 18,923 5,256 387 3,047 55 19 35 80 54 26 3,032

28,106 25,537 20,419 5,118 236 2,333 59 19 39 62 36 26 3,710

29,857 27,193 22,072 5,121 139 2,525 0 0 0 0 0 0 3,723

405 387 18 360 333 27 45 0 162 162 0 0 -117 522 495 27 0

1,452 1,307 145 1,187 1,019 168 775 510 964 670 35 259 -189 2,151 1,689 202 259

289 289 0 229 166 63 126 66 247 91 74 82 -121 476 257 137 82

3,342 3,121 221 2,053 1,980 74 1,522 233 1,406 982 47 376 116 3,459 2,962 121 376

1,657 1,657 0 791 646 145 616 -250 1,381 975 45 362 -765 2,172 1,620 190 362

1,451 1,451 0 1,075 929 146 -1,294 -1,670 1,467 1,149 33 285 -2,760 2,542 2,078 179 285

2,065 2,065 0 1,129 988 141 298 -638 1,431 1,171 33 227 -1,133 2,560 2,159 174 227

1,721 1,721 0 834 680 153 -34 -922 1,356 1,153 23 180 -1,390 2,189 1,833 176 180

3,004 3,004 0 2,155 1,982 173 131 -718 1,224 1,146 10 68 -1,093 3,379 3,128 183 68

2,243 2,243 0 1,179 1,067 112 1,314 251 1,368 1,292 4 72 -54 2,547 2,360 116 72

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

2 54 -70 0 18 13 54 -52

347 289 27 0 31 64 414 -67

344 123 41 0 180 127 285 59

3,662 1,141 2,139 156 225 142 630 3,031

2,549 1,011 1,644 -346 240 181 304 2,245

2,505 523 1,940 -107 149 210 632 1,873

2,169 1,078 810 123 159 154 787 1,382

2,430 1,041 1,144 43 202 223 950 1,481

3,333 1,022 2,156 -9 164 236 438 2,896

2,735 1,176 1,377 1 182 291 174 2,561

-160 162 0 37 -197

-580 670 256 262 -842

238 91 15 234 4

1,755 982 925 49 1,705

1,353 975 222 -444 1,797

1,337 1,149 19 -267 1,604

654 1,171 344 -127 782

1,147 1,153 131 51 1,096

1,708 1,146 479 -408 2,117

436 1,292 1,007 -639 1,075

7,119 .. 0 .. 339 ..

19,700 4,832 0 5,080 2,804 -101

50,016 9,007 670 10,766 9,050 -1,464

51,636 10,013 718 11,853 8,676 -1,559

52,516 9,936 753 11,384 8,980 -1,159

55,000 10,309 705 11,774 9,721 -1,127

58,496 11,806 860 13,227 10,242 -1,061

.. 45.1 .. .. 2.3 10.5 .. 17.0 3.5 4.6

194.2 47.6 44.5 19.9 4.9 29.9 6.6 22.2 14.4 5.5

324.4 58.4 28.2 16.3 2.9 31.0 10.1 15.7 13.2 18.2

286.7 55.6 25.6 14.3 2.8 30.2 8.8 13.8 13.7 19.3

277.9 52.6 22.0 13.6 2.6 32.5 9.5 11.0 13.3 22.8

272.6 51.1 32.8 11.9 2.2 34.6 9.9 8.3 14.1 24.3

252.9 51.0 21.6 11.6 2.3 34.3 9.3 8.5 15.4 24.1

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

25,509 4,402 87 6,015 1,891 -1,419

57,852 9,733 636 13,384 11,306 -3,367

55,342 8,964 647 12,616 9,882 -3,321

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

455.8 78.7 10.8 5.6 1.0 9.4 3.8 26.7 9.3 11.0

305.0 51.3 35.5 14.4 2.4 38.1 10.1 22.1 17.6 14.3

340.7 55.2 24.2 15.4 2.5 32.4 9.4 20.6 12.0 15.2

417 PERU (US$ million, unless otherwise indicated) 1970

1980

1990

2,655 856 373 148 0 225 112 483 22 148 314 1,799 0 1,799

6,828 6,218 3,123 513 36 2,609 1,318 3,095 2 1,694 1,399 610 0 610

13,959 13,629 6,594 2,199 185 4,395 1,674 7,035 1 3,159 3,876 330 0 330

125 0

359 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

387 148 59 18 0 41 8 88 0 3 85 240 0 240

1997

1998

1999

2000

2001

2002

2003

22,120 19,225 14,567 4,240 124 10,328 5,099 4,657 4,130 98 429 2,896 0 2,896

23,356 19,320 14,709 4,644 112 10,065 3,566 4,610 4,130 74 406 4,037 150 3,887

23,882 19,503 14,431 5,306 129 9,125 3,720 5,072 3,727 224 1,120 4,378 150 4,228

24,193 19,255 14,414 5,533 92 8,881 3,854 4,841 3,727 110 1,004 4,938 150 4,788

24,179 18,923 14,772 6,291 83 8,481 3,595 4,151 3,727 105 318 5,256 150 5,106

25,537 20,419 15,598 6,830 78 8,767 3,879 4,821 4,424 98 299 5,118 150 4,968

27,193 22,072 16,071 7,199 315 8,871 4,285 6,001 5,630 90 281 5,121 150 4,971

1,188 0

1,920 0

2,128 0

2,417 0

2,590 0

2,625 0

2,609 0

2,789 0

1,307 1,247 664 209 10 454 232 584 0 248 336 60 0 60

289 289 187 38 10 149 112 103 0 69 34 0 0 0

3,121 1,517 1,460 1,126 3 334 214 58 0 0 58 1,604 0 1,604

1,657 639 639 560 3 79 74 0 0 0 0 1,018 0 1,018

1,451 1,090 1,066 887 6 178 162 25 0 21 3 361 0 361

2,065 1,488 1,454 813 6 640 558 35 0 34 1 577 0 577

1,721 1,387 1,387 1,110 6 277 173 0 0 0 0 334 0 334

3,004 2,931 1,008 808 4 199 169 1,923 1,923 0 0 74 0 74

2,243 2,188 938 697 224 241 221 1,250 1,250 0 0 55 0 55

10 0

140 0

0 0

490 0

271 0

380 0

266 0

149 0

146 0

344 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

333 100 23 11 0 12 3 77 7 25 46 233 0 233

1,019 959 281 24 0 257 48 678 0 445 233 60 0 60

166 112 81 24 3 57 5 31 0 9 22 54 0 54

1,980 1,894 1,054 230 16 825 89 839 742 24 73 86 60 26

646 619 574 227 16 348 96 45 0 24 21 27 0 27

929 909 583 245 16 338 153 326 255 50 21 19 0 19

988 970 826 495 13 331 99 144 0 130 15 17 0 17

680 664 640 296 14 345 151 24 0 5 19 16 0 16

1,982 1,965 734 355 11 379 190 1,231 1,204 7 20 17 0 17

1,067 1,015 946 442 15 504 237 69 44 7 18 52 0 52

8 0

15 0

0 0

65 0

64 0

89 0

93 0

114 0

163 0

163 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

54 48 36 7 0 29 5 11 -7 -22 40 7 0 7

289 289 383 185 10 198 184 -94 0 -197 103 0 0 0

123 177 106 14 7 92 107 72 0 60 12 -54 0 -54

1,141 -376 406 896 -13 -491 125 -782 -742 -24 -15 1,518 -60 1,578

1,011 20 65 333 -13 -269 -22 -44 0 -24 -20 991 0 991

523 181 483 642 -10 -160 9 -302 -255 -29 -17 342 0 342

1,078 518 628 318 -7 310 459 -110 0 -96 -14 560 0 560

1,041 723 747 815 -8 -68 22 -24 0 -5 -19 318 0 318

1,022 966 273 453 -7 -180 -21 692 719 -7 -20 57 0 57

1,176 1,173 -8 255 208 -263 -16 1,181 1,206 -7 -18 3 0 3

2 0

125 0

0 0

425 0

207 0

291 0

173 0

35 0

-17 0

180 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

418 PERU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

162 43 17 8 0 9 3 26 1 12 13 119 0 119

670 547 151 33 1 118 27 395 0 273 122 124 0 124

91 66 51 27 3 24 7 15 0 8 7 25 0 25

982 927 581 270 4 311 75 346 318 10 18 55 4 51

975 923 748 285 3 463 163 175 159 8 7 52 0 52

1,149 1,085 898 334 3 564 140 186 171 7 9 65 11 53

1,171 1,102 915 383 3 532 155 187 179 5 4 69 11 58

1,153 1,075 899 408 3 491 141 176 160 10 5 78 11 67

1,146 1,076 846 372 2 474 138 230 196 10 25 70 11 59

1,292 1,150 813 342 6 471 140 337 305 9 24 143 11 131

7 0

24 0

0 0

117 0

120 0

155 0

189 0

186 0

141 0

115 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-108 4 20 -1 0 21 2 -15 -8 -34 26 -112 0 -112

-382 -258 231 152 9 80 157 -489 0 -470 -19 -124 0 -124

32 111 54 -13 4 68 100 57 0 52 5 -79 0 -79

159 -1,303 -175 626 -17 -801 49 -1,128 -1,060 -34 -33 1,462 -64 1,527

37 -902 -684 48 -17 -732 -184 -219 -159 -32 -28 939 0 939

-627 -904 -416 308 -13 -724 -131 -488 -426 -36 -27 277 -11 288

-94 -584 -287 -65 -10 -222 304 -297 -179 -101 -17 490 -11 502

-112 -352 -151 407 -10 -559 -120 -200 -160 -15 -24 240 -11 251

-124 -110 -573 81 -9 -653 -159 462 524 -17 -45 -13 -11 -2

-117 23 -821 -87 202 -734 -157 843 901 -16 -41 -139 -11 -128

-5 0

101 0

0 0

308 0

87 0

136 0

-16 0

-151 0

-158 0

65 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

495 144 40 19 0 21 5 104 8 37 59 352 0 352

1,689 1,506 432 58 1 375 75 1,073 1 718 355 184 0 184

257 178 132 51 6 81 13 46 0 17 29 79 0 79

2,962 2,820 1,635 500 20 1,135 164 1,185 1,060 34 90 141 64 77

1,620 1,542 1,322 512 20 811 258 219 159 32 28 79 0 79

2,078 1,994 1,481 579 19 902 293 513 426 57 30 84 11 73

2,159 2,072 1,740 878 16 862 254 332 179 135 18 87 11 75

1,833 1,739 1,539 703 17 836 292 200 160 15 24 94 11 83

3,128 3,041 1,580 728 14 852 328 1,461 1,399 17 45 87 11 76

2,360 2,165 1,759 784 22 975 377 407 349 16 41 194 11 183

15 0

38 0

0 0

182 0

184 0

244 0

281 0

300 0

304 0

279 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

238 166 72

2,397 1,126 1,272

1,509 863 646

2,766 2,765 1

2,235 2,235 0

4,020 4,020 0

3,294 3,294 0

2,639 2,639 0

2,658 2,658 0

2,626 2,626 0

112 1,799 840 1,816

1,353 2,130 6,200 628

1,859 4,626 13,584 376

5,223 13,370 19,225 2,896

3,678 12,618 17,921 5,435

3,849 13,915 18,163 5,719

3,946 15,054 17,984 6,209

3,678 15,469 17,716 6,463

3,958 14,679 19,281 6,256

4,600 15,057 21,008 6,185

5.9 .. .. 12.8 0.4 0.4 75.4 4.7 0.1 0.3

6.3 .. .. 13.2 0.4 0.4 75.0 4.3 0.1 0.3

6.4 .. .. 14.2 0.3 0.3 74.3 4.0 0.1 0.3

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 13.9 1.1 0.0 0.9 0.1 59.0 17.0 0.0 8.0

.. 6.5 4.2 10.9 2.0 1.4 44.1 7.5 0.0 23.5

.. 5.0 9.3 6.3 0.9 1.5 48.0 15.2 0.0 13.7

.. 3.2 8.1 11.6 1.3 0.6 54.2 12.1 0.1 8.7

.. 2.1 3.1 10.5 0.6 0.6 74.0 5.2 0.1 3.7

.. 1.7 2.6 12.5 0.5 0.5 73.8 5.4 0.1 3.1

.. 1.5 2.3 13.9 0.4 0.5 73.6 5.0 0.1 2.7

419 PERU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0 806 4,682 0 .. 0 0 4,415 6 .. 0 329 30 0 .. 0 235 27 0 .. 0 94 3 0 .. 0 477 243 0 .. 0 393 242 0 .. 0 84 1 0 .. 0 3 116 26 .. 0 1 1 1 .. 0 0 0 403 .. 0 0 0 255 8. DEBT STOCK-FLOW RECONCILIATION -1,325 .. 1,482 699 855 775 126 1,522 616 -1,294 .. 460 -141 -24 -10 .. 0 477 243 0 .. 0 -3 -116 -174 .. 642 -1,199 318 -368 42 -181 521 .. 254 9. AVERAGE TERMS OF NEW COMMITMENTS

1 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 8 1 1,204 1,204

0 0 0 0 0 0 0 0 0 0 0 0

-508 298 -4 0 0 -517 -285

-1,097 -34 9 0 0 -276 -797

494 131 4 0 -8 603 -236

1,751 1,314 -59 0 0 656 -161

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 45 .. .. .. .. ..

7.4 13.3 4.3 11.8

9.4 12.7 3.5 5.6

6.7 8.6 2.1 13.2

5.7 19.6 5.4 28.5

6.7 20.4 4.5 20.8

3.8 17.4 4.9 38.1

5.8 22.1 5.0 30.8

6.5 16.6 4.1 20.8

7.9 11.8 7.7 11.8

6.0 17.7 12.8 24.6

7.2 13.8 4.5 12.6

7.5 15.5 4.3 18.8

7.1 9.1 2.4 14.1

5.7 20.2 5.5 29.2

6.7 20.4 4.5 20.8

3.8 17.4 4.9 38.1

5.8 22.1 5.0 30.9

6.5 16.6 4.1 20.8

5.2 18.1 4.6 29.6

2.0 16.0 5.5 48.9

8.7 9.2 2.0 4.8

10.7 10.9 3.0 -3.1

5.5 6.7 1.3 10.5

6.0 4.0 1.0 8.0

0.0 0.0 0.0 0.0

8.3 5.0 0.1 3.5

9.0 5.0 0.1 1.7

0.0 0.0 0.0 0.0

9.1 9.0 9.0 3.7

9.4 19.2 19.2 3.4

125 1,613 179 1,539 70 2,687 1,263 112 643 137 1,489 70 2,686 1,259 13 971 43 50 0 1 4 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,245 1,245 0

2,790 867 1,923

2,334 1,084 1,250

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

789 2,690 1,575

703 2,281 1,461

446 2,253 1,362

294 2,038 1,299

189 2,643 1,241

116 1,970 1,080

61 1,826 976

14 1,834 878

6 3,321 707

5 1,642 529

789 1,231 795

703 1,224 752

446 1,297 706

294 1,407 651

189 1,461 587

116 1,526 518

61 1,420 445

14 1,433 374

6 1,486 301

5 1,422 228

524 644 464

403 635 443

234 686 418

129 755 387

67 792 351

33 844 311

11 747 268

0 781 228

0 822 185

0 859 138

265 587 330

300 589 310

212 610 288

165 651 263

122 669 236

82 683 207

50 673 177

14 653 146

6 665 117

5 563 90

0 1,459 780

0 1,057 708

0 956 656

0 632 648

0 1,182 654

0 444 562

0 405 531

0 401 504

0 1,835 406

0 219 300

0 11 8

0 8 7

0 7 7

0 7 6

0 7 5

0 7 5

0 7 4

0 7 3

0 7 3

0 2 2

0 1,448 772

0 1,049 701

0 949 650

0 624 642

0 1,175 649

0 437 558

0 398 527

0 393 501

0 1,828 403

0 218 298

420 PHILIPPINES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2,196 1,544 625 919 69 583 0 0 0 0 0 0 0

17,417 8,817 6,363 2,454 1,044 7,556 0 0 0 0 0 0 0

30,580 25,241 24,040 1,201 912 4,427 52 4 48 182 13 169 4,366

50,746 38,096 26,434 11,662 855 11,794 0 0 0 0 0 0 9,751

53,529 44,775 28,923 15,853 1,568 7,185 0 0 0 1 0 1 4,105

58,063 50,495 34,819 15,677 1,822 5,745 0 0 0 1 0 1 3,868

60,850 52,871 33,829 19,042 2,032 5,948 0 0 0 1 0 1 3,883

58,498 50,547 29,456 21,090 1,952 6,000 0 0 0 1 0 1 3,582

60,090 52,845 32,503 20,342 1,686 5,559 0 0 0 1 0 1 3,389

62,663 55,287 36,221 19,066 1,197 6,179 0 0 0 1 0 1 2,845

446 418 28 264 261 3 182 0 44 44 0 0 138 308 305 3 0

2,300 1,854 446 686 541 145 3,855 2,241 1,496 579 42 875 2,358 2,182 1,120 187 875

2,516 2,516 0 1,818 1,473 345 1,123 425 1,772 1,573 99 100 -649 3,590 3,046 444 100

6,080 5,379 700 2,341 2,125 216 7,564 3,825 2,215 1,716 24 474 5,349 4,555 3,841 240 474

3,988 3,257 730 2,443 2,365 79 -3,065 -4,609 2,300 1,964 49 287 -5,364 4,743 4,328 127 287

8,580 8,234 346 4,005 3,951 54 3,135 -1,440 2,438 2,050 65 323 697 6,443 6,001 119 323

6,107 5,794 313 4,058 4,050 8 2,252 203 3,006 2,470 94 442 -754 7,064 6,521 102 442

7,609 7,609 0 5,955 5,948 8 1,705 52 3,412 3,041 92 279 -1,707 9,367 8,989 100 279

6,755 6,755 0 7,237 6,832 405 -924 -441 3,147 2,928 54 165 -4,071 10,385 9,761 459 165

7,355 7,355 0 7,401 6,794 608 574 620 2,884 2,724 29 132 -2,311 10,286 9,518 636 132

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

155 157 -25 0 23 16 83 72

1,266 1,313 -106 0 59 64 426 840

1,935 1,043 530 0 362 243 1,296 639

4,272 3,255 1,222 -406 202 246 304 3,969

3,642 893 2,287 264 198 230 220 3,422

7,594 4,283 1,725 1,410 176 256 87 7,507

3,064 1,744 1,345 -183 158 226 159 2,905

3,213 1,661 989 383 180 207 -67 3,280

2,297 -77 1,792 404 178 195 147 2,150

1,511 561 319 457 174 252 162 1,350

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

111 44 0 72 39

489 579 198 286 203

51 1,573 311 547 -496

2,106 1,716 450 -646 2,752

1,264 1,964 414 -635 1,899

4,915 2,050 629 -807 5,722

415 2,470 179 -683 1,098

-446 3,041 618 -798 351

-1,541 2,928 909 -548 -993

-1,825 2,724 612 -488 -1,337

6,576 .. 0 .. 255 ..

32,436 8,202 626 10,348 3,978 -1,904

80,231 47,198 6,918 40,389 15,029 7,219

79,129 49,196 6,212 43,250 15,030 6,258

75,566 41,667 6,164 40,667 15,636 1,323

83,138 45,570 7,381 41,498 16,127 4,383

86,607 46,463 7,880 43,492 16,886 3,347

.. 33.4 .. .. 0.7 11.6 .. 26.5 3.1 5.5

212.4 53.7 26.6 18.2 4.6 22.8 4.6 43.4 5.5 7.5

123.0 72.4 13.7 5.2 3.0 25.9 4.5 9.9 23.2 13.5

123.7 76.9 14.4 6.1 3.8 24.7 4.2 9.8 20.7 11.8

140.4 77.4 22.5 8.2 4.5 26.7 4.6 10.3 19.2 11.5

131.9 72.3 22.8 6.9 3.8 26.8 4.7 9.3 20.8 11.6

134.9 72.4 22.1 6.2 3.3 26.9 4.7 9.9 22.6 11.6

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

44,092 13,290 1,465 16,437 2,036 -2,695

85,847 49,120 6,799 53,494 8,714 -4,351

68,524 43,617 5,130 42,302 10,789 1,546

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

230.1 69.4 27.0 13.3 4.0 6.7 1.5 14.5 20.0 20.5

103.3 59.1 9.3 4.5 2.6 17.2 2.0 23.2 19.9 14.5

122.7 78.1 10.9 5.3 3.4 20.2 3.1 13.4 21.6 14.9

421 PHILIPPINES (US$ million, unless otherwise indicated) 1970

1980

1990

1,544 625 272 120 0 152 68 353 11 267 75 919 0 919

8,817 6,363 2,636 1,310 60 1,326 894 3,727 888 2,256 583 2,454 0 2,454

25,241 24,040 15,302 6,273 457 9,029 5,650 8,739 825 6,660 1,253 1,201 0 1,201

119 0

926 34

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

418 142 74 17 0 57 15 68 0 51 16 276 0 276

1997

1998

1999

2000

2001

2002

2003

38,096 26,434 18,832 7,341 967 11,491 9,130 7,603 6,228 799 576 11,662 5,274 6,388

44,775 28,923 20,607 7,994 1,068 12,613 10,472 8,315 6,357 1,501 457 15,853 5,366 10,487

50,495 34,819 21,817 7,833 1,128 13,985 12,369 13,001 10,008 1,994 999 15,677 6,137 9,540

52,871 33,829 19,975 7,207 1,074 12,768 11,543 13,854 10,466 2,482 906 19,042 5,690 13,352

50,547 29,456 17,889 6,705 1,020 11,184 10,184 11,567 9,519 1,203 845 21,090 4,328 16,762

52,845 32,503 19,331 6,966 1,102 12,365 11,413 13,171 10,735 1,438 998 20,342 3,920 16,422

55,287 36,221 21,152 7,277 1,197 13,876 12,971 15,068 12,588 1,339 1,141 19,066 4,154 14,912

3,943 101

4,179 195

4,311 205

4,040 206

3,627 207

3,250 204

3,325 208

3,445 215

1,854 1,382 461 321 9 140 102 920 96 657 167 472 0 472

2,516 2,225 1,373 854 121 519 462 852 575 167 110 291 0 291

5,379 3,203 1,833 631 72 1,202 1,181 1,370 866 453 52 2,176 1,793 383

3,257 2,748 1,451 654 39 797 785 1,297 500 772 25 510 90 420

8,234 7,439 1,613 315 36 1,298 1,282 5,826 4,550 746 531 795 795 0

5,794 5,275 1,575 386 43 1,189 1,127 3,700 2,630 996 74 519 5 514

7,609 3,771 1,052 460 55 591 576 2,720 1,643 997 80 3,837 587 3,250

6,755 4,620 1,405 405 20 1,001 976 3,215 2,811 303 101 2,134 698 1,436

7,355 5,164 1,587 455 15 1,132 1,095 3,577 2,524 877 176 2,191 585 1,606

16 0

229 2

506 0

295 9

292 9

157 6

152 10

114 6

178 0

201 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

261 75 15 5 0 9 3 61 1 41 19 186 0 186

541 221 95 45 1 49 24 126 16 43 67 320 0 320

1,473 1,411 439 388 6 51 21 972 180 743 49 62 0 62

2,125 1,884 1,731 586 7 1,145 552 152 28 31 93 241 0 241

2,365 2,115 1,429 567 9 863 474 685 439 80 166 250 0 250

3,951 3,171 1,703 592 14 1,111 562 1,469 1,115 278 76 780 20 760

4,050 2,517 1,575 562 16 1,012 671 943 395 474 74 1,533 445 1,088

5,948 3,514 1,298 526 22 772 612 2,216 741 1,425 50 2,433 605 1,829

6,832 3,667 1,437 572 26 864 705 2,230 1,902 230 98 3,165 999 2,166

6,794 3,835 1,599 594 30 1,005 825 2,235 1,105 1,021 110 2,959 320 2,639

5 0

33 0

301 1

407 2

387 2

384 3

349 3

308 4

322 5

338 6

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

157 67 60 12 0 48 12 7 -1 11 -3 90 0 90

1,313 1,161 367 276 8 91 78 794 80 614 100 152 0 152

1,043 814 934 466 115 468 441 -120 395 -576 61 229 0 229

3,255 1,319 102 45 64 57 629 1,217 838 421 -42 1,935 1,793 142

893 633 22 87 30 -66 311 612 61 692 -142 260 90 170

4,283 4,268 -89 -277 21 188 721 4,357 3,435 467 455 15 775 -760

1,744 2,758 1 -176 26 177 457 2,757 2,235 522 0 -1,014 -440 -574

1,661 257 -247 -66 33 -181 -37 504 902 -429 30 1,404 -18 1,422

-77 953 -31 -168 -6 136 271 985 909 73 3 -1,031 -300 -730

561 1,330 -12 -139 -14 127 270 1,342 1,420 -144 66 -768 265 -1,033

11 0

195 2

206 -1

-112 8

-95 6

-227 3

-197 7

-194 2

-144 -5

-137 -6

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

422 PHILIPPINES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

44 26 11 7 0 4 2 15 1 11 3 19 0 19

579 375 140 100 1 40 21 235 36 165 34 204 0 204

1,573 1,486 749 444 4 305 125 737 31 671 35 87 0 87

1,716 1,398 950 486 10 465 291 447 397 20 30 319 257 62

1,964 1,477 854 443 10 411 280 622 505 91 26 487 386 101

2,050 1,637 894 447 10 447 333 743 650 69 24 413 387 26

2,470 1,884 843 414 11 429 348 1,041 880 130 32 586 479 108

3,041 1,961 731 362 10 369 306 1,230 1,013 185 32 1,080 397 684

2,928 2,041 695 330 10 365 301 1,346 1,169 147 30 887 323 565

2,724 1,894 650 292 11 358 311 1,244 1,159 56 30 830 318 512

7 0

73 0

296 1

302 1

266 1

256 2

223 2

183 2

158 2

140 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

113 41 49 5 0 43 9 -7 -2 0 -5 71 0 71

733 785 227 176 8 51 57 559 44 448 66 -52 0 -52

-529 -672 185 22 111 163 316 -857 364 -1,247 25 142 0 142

1,538 -78 -848 -441 55 -407 338 770 441 401 -72 1,617 1,536 80

-1,071 -843 -833 -356 20 -477 31 -11 -444 601 -168 -228 -296 69

2,233 2,631 -984 -725 11 -259 388 3,615 2,785 399 431 -398 388 -786

-727 874 -842 -590 16 -252 108 1,716 1,355 393 -32 -1,601 -919 -682

-1,380 -1,704 -978 -428 23 -550 -342 -726 -111 -613 -2 324 -414 738

-3,006 -1,088 -726 -498 -16 -229 -30 -362 -260 -74 -27 -1,918 -623 -1,295

-2,163 -564 -662 -431 -26 -231 -41 98 261 -200 36 -1,599 -54 -1,545

4 0

123 1

-90 -2

-414 6

-361 5

-483 2

-421 6

-377 0

-301 -7

-277 -8

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

305 101 26 12 0 14 6 75 2 52 22 204 0 204

1,120 596 235 145 1 90 44 362 52 209 101 524 0 524

3,046 2,896 1,188 832 10 356 146 1,709 211 1,414 85 149 0 149

3,841 3,281 2,681 1,072 17 1,610 843 600 425 51 124 560 257 303

4,328 3,591 2,284 1,010 19 1,274 754 1,307 944 171 193 737 386 351

6,001 4,808 2,597 1,039 25 1,557 894 2,211 1,765 347 100 1,193 407 786

6,521 4,401 2,417 976 27 1,441 1,019 1,984 1,275 603 106 2,119 924 1,196

8,989 5,475 2,029 888 32 1,141 918 3,446 1,754 1,610 82 3,514 1,001 2,512

9,761 5,708 2,132 902 36 1,229 1,006 3,577 3,071 377 128 4,052 1,321 2,731

9,518 5,729 2,249 886 41 1,363 1,136 3,480 2,263 1,077 140 3,789 639 3,151

12 0

106 0

597 2

709 3

654 4

641 4

572 5

491 5

480 7

478 8

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

193 176 16

4,365 3,246 1,119

6,590 6,156 434

7,212 6,982 230

9,426 9,123 304

31,750 31,332 419

10,454 9,966 487

9,527 8,876 650

9,464 8,923 541

8,748 7,867 881

68 924 624 920

954 4,399 6,363 2,454

6,106 11,066 23,668 1,573

10,097 19,979 26,306 11,791

11,540 25,503 28,855 15,921

13,497 26,475 34,746 15,749

12,618 29,656 33,758 19,112

11,204 30,164 29,389 21,158

12,515 29,556 32,430 20,415

14,168 28,225 36,144 19,143

4.4 .. .. 38.8 0.1 0.1 40.3 15.1 0.5 0.6

4.7 .. .. 40.3 0.1 0.1 40.5 13.6 0.5 0.2

5.6 .. .. 40.0 0.1 0.1 41.4 12.1 0.5 0.2

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 12.0 0.2 2.7 0.0 3.1 62.1 19.3 0.0 0.7

.. 2.0 2.2 21.9 0.2 0.5 51.6 19.0 0.0 2.6

.. 1.5 1.5 31.0 1.0 0.5 36.2 23.6 0.0 4.6

.. 1.4 0.8 36.5 0.3 0.2 33.6 23.9 0.7 2.5

.. 1.4 0.8 37.9 0.2 0.2 34.6 22.2 0.7 2.0

.. 1.0 0.6 38.8 0.2 0.1 38.9 17.4 0.6 2.4

.. 0.8 0.5 38.3 0.1 0.1 42.1 15.4 0.5 2.0

423 PHILIPPINES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 1,068 0 0 0 .. 0 0 0 0 .. 848 0 0 0 .. 172 0 0 0 .. 676 0 0 0 .. 186 0 0 0 .. 107 0 0 0 .. 80 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 1,803 0 0 1,003 .. 721 0 0 859 8. DEBT STOCK-FLOW RECONCILIATION 2,783 4,534 .. 1,927 6,715 1,123 7,564 -3,065 3,135 3,855 .. 48 0 0 0 .. 186 0 0 0 .. -1,082 0 0 -144 -2,102 1,703 1,253 .. 1,542 4,146 290 .. 111 1,254 9. AVERAGE TERMS OF NEW COMMITMENTS

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

2,787 2,252 0 0 0 -2,213 2,748

-2,352 1,705 0 0 0 -2,247 -1,810

1,591 -924 0 0 0 1,986 529

2,573 574 0 0 0 2,478 -478

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 182 .. .. .. .. ..

7.3 11.1 1.9 11.6

9.9 17.6 5.3 4.1

6.2 21.9 7.4 28.2

4.7 21.3 10.2 34.2

5.5 19.1 6.5 32.0

6.0 18.9 10.6 27.5

6.8 16.4 9.8 19.7

5.2 10.4 4.9 25.2

6.4 12.8 9.2 23.3

6.0 9.7 7.6 17.8

6.8 14.0 1.9 15.0

6.9 22.5 6.3 22.1

5.1 24.4 7.3 36.8

3.7 26.4 7.7 48.4

4.3 24.7 6.9 42.9

2.2 27.4 7.3 58.9

3.3 28.1 7.3 51.4

1.8 26.2 7.6 59.9

1.7 29.6 9.0 65.9

1.8 23.9 7.4 60.4

8.1 6.7 2.0 6.4

13.5 11.8 4.1 -17.3

9.2 15.1 7.6 4.1

6.0 14.4 13.5 15.2

8.0 6.3 5.5 7.1

8.3 13.5 12.7 7.5

8.3 11.5 10.8 6.3

6.5 4.7 3.9 12.7

7.3 9.3 9.2 14.4

6.2 8.7 7.7 15.0

164 2,143 3,520 3,040 4,599 8,118 5,364 100 1,164 2,588 1,739 3,198 3,160 1,590 64 979 932 1,301 1,401 4,958 3,774 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

5,391 1,428 3,963

5,715 988 4,726

5,268 327 4,942

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

3,171 5,354 2,752

2,334 5,756 2,569

1,453 5,705 2,357

855 4,420 2,012

487 4,400 1,748

245 4,967 1,540

117 3,877 1,328

24 2,900 1,174

15 3,458 1,083

11 3,143 917

2,540 2,009 730

2,155 2,039 697

1,384 2,079 649

852 1,921 587

487 1,815 529

245 1,821 470

117 1,609 409

24 1,549 358

15 1,431 310

11 1,304 269

2,210 1,223 409

1,854 1,272 406

1,135 1,325 388

661 1,217 358

341 1,104 331

161 1,073 303

72 1,036 276

4 1,038 249

2 962 223

1 889 200

329 786 321

301 767 291

249 754 262

191 703 229

146 711 198

83 748 167

45 572 133

19 511 109

13 469 87

10 415 69

631 3,345 2,022

179 3,717 1,872

68 3,626 1,708

2 2,499 1,425

0 2,585 1,218

0 3,146 1,070

0 2,268 919

0 1,351 817

0 2,027 773

0 1,839 648

327 309 51

127 280 47

51 584 42

2 175 22

0 92 15

0 32 13

0 45 12

0 45 10

0 45 9

0 44 8

173 3,036 1,970

52 3,437 1,825

18 3,042 1,666

0 2,324 1,403

0 2,493 1,203

0 3,114 1,057

0 2,223 908

0 1,306 806

0 1,983 764

0 1,795 640

424 POLAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

49,364 39,261 39,261 0 509 9,595 8,315 6,568 1,747 5,670 4,284 1,386 28,076

41,722 36,589 34,177 2,412 0 5,133 0 0 0 29 25 4 16,058

57,718 49,303 35,136 14,167 0 8,415 0 0 0 3 0 3 14,992

65,943 54,635 33,151 21,484 0 11,308 93 0 93 3 0 3 13,593

65,843 56,175 30,784 25,390 0 9,668 118 0 118 3 0 3 12,462

67,376 56,309 25,709 30,599 0 11,067 0 0 0 3 0 3 11,245

78,507 64,603 29,374 35,229 0 13,904 0 0 0 2 0 2 12,147

95,219 75,719 34,964 40,755 0 19,500 0 0 0 0 0 0 12,844

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,025 540 485 635 635 0 423 33 332 203 23 105 91 966 838 23 105

2,394 2,394 0 1,085 1,085 0 3,780 2,470 1,477 1,286 0 191 2,303 2,562 2,371 0 191

4,742 4,742 0 2,910 2,910 0 5,114 3,282 1,624 1,374 0 250 3,490 4,534 4,284 0 250

8,233 8,233 0 6,244 6,244 0 4,788 2,800 2,130 1,802 0 328 2,659 8,374 8,046 0 328

10,174 10,174 0 7,674 7,674 0 835 -1,665 2,559 2,223 0 336 -1,724 10,233 9,898 0 336

13,607 13,607 0 12,609 12,609 0 2,516 1,517 2,773 2,453 0 320 -258 15,382 15,061 0 320

11,685 11,685 0 10,978 10,978 0 1,155 448 2,511 2,263 0 247 -1,356 13,489 13,242 0 247

18,675 18,675 0 16,542 16,542 0 6,958 4,825 2,608 2,293 0 315 -771 19,150 18,835 0 315

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

20 -95 89 0 26 0 -51 71

7,469 1,310 4,908 599 652 145 512 6,957

10,482 1,832 6,365 1,734 551 215 64 10,418

9,963 1,988 7,270 14 690 138 247 9,715

12,962 2,500 9,341 447 674 110 219 12,743

7,129 999 5,713 -307 724 76 -3,406 10,535

5,111 707 4,131 -545 819 76 -249 5,360

6,520 2,133 4,123 -837 1,100 110 -598 7,118

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

-202 203 20 -164 -38

5,544 1,286 639 -265 5,809

8,498 1,374 610 -695 9,193

7,765 1,802 396 -659 8,423

10,039 2,223 700 -435 10,473

3,962 2,453 714 -4,027 7,989

2,078 2,263 770 -733 2,811

2,134 2,293 2,093 -1,064 3,198

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

163,456 40,958 825 54,961 27,314 -12,487

165,074 49,190 831 60,911 27,469 -9,980

184,416 54,978 1,131 62,299 26,563 -5,371

189,428 59,836 1,373 67,014 29,784 -5,007

206,452 76,238 2,314 83,124 33,959 -4,603

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

161.0 40.3 20.4 5.2 1.3 41.4 6.0 17.1 11.1 3.3

133.9 39.9 20.8 5.2 1.6 41.7 5.4 14.7 10.3 3.4

122.6 36.5 28.0 5.0 1.5 39.4 5.1 16.4 9.2 3.3

131.2 41.4 22.5 4.2 1.3 37.9 5.3 17.7 8.4 3.0

124.9 46.1 25.1 3.4 1.3 35.7 4.9 20.5 7.1 2.6

3. MAJOR ECONOMIC AGGREGATES 55,620 19,640 0 19,084 4,674 3,067

152,533 41,910 848 48,892 20,669 -5,744

167,514 46,471 1,070 55,331 28,276 -6,901

4. DEBT INDICATORS 251.3 88.8 4.9 1.7 0.6 9.5 2.9 19.4 7.7 1.1

99.6 27.4 6.1 3.5 1.0 49.5 5.1 12.3 18.4 5.0

124.2 34.5 9.8 3.5 1.0 49.0 6.1 14.6 13.7 3.7

425 POLAND (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

39,261 39,261 27,919 524 0 27,395 3,822 11,342 1 9,759 1,582 0 0 0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

36,589 34,177 26,578 2,079 0 24,499 7,691 7,599 6,964 573 63 2,412 850 1,561

49,303 35,136 27,075 2,156 0 24,919 7,904 8,062 7,365 650 47 14,167 1,678 12,489

54,635 33,151 25,059 2,185 0 22,874 7,292 8,092 7,338 725 28 21,484 2,730 18,754

56,175 30,784 23,655 2,229 0 21,426 6,786 7,129 6,660 456 13 25,390 3,462 21,928

56,309 25,709 17,810 2,211 0 15,599 6,183 7,899 7,738 155 5 30,599 3,784 26,815

64,603 29,374 19,747 2,385 0 17,362 6,582 9,627 9,611 13 3 35,229 3,740 31,489

75,719 34,964 20,368 2,453 0 17,915 6,734 14,596 14,191 403 2 40,755 3,993 36,762

55 0

2,079 0

2,156 0

2,185 0

2,229 0

2,211 0

2,385 0

2,453 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

540 540 70 56 0 14 10 470 0 300 170 0 0 0

2,394 1,010 280 239 0 42 1 730 400 326 3 1,384 803 581

4,742 1,391 153 153 0 0 0 1,239 1,138 94 7 3,351 812 2,539

8,233 520 247 247 0 0 0 272 0 270 3 7,713 1,146 6,567

10,174 906 350 349 0 0 0 557 554 2 0 9,268 809 8,459

13,607 1,940 299 298 0 0 0 1,642 1,596 46 0 11,667 425 11,242

11,685 2,881 173 172 0 0 0 2,709 2,709 0 0 8,803 0 8,803

18,675 5,442 268 143 0 125 0 5,174 5,174 0 0 13,234 226 13,008

.. ..

.. ..

54 0

239 0

153 0

247 0

349 0

298 0

172 0

143 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

635 635 147 46 0 101 43 488 0 400 88 0 0 0

1,085 510 420 155 0 265 80 90 0 54 36 575 0 575

2,910 1,444 640 175 0 464 231 804 748 35 21 1,466 0 1,466

6,244 846 690 188 0 502 195 156 0 139 17 5,398 0 5,398

7,674 2,278 805 199 0 606 205 1,473 1,224 235 14 5,396 0 5,396

12,609 5,193 4,428 205 0 4,223 262 765 430 328 7 7,415 0 7,415

10,978 2,750 1,240 206 0 1,034 348 1,510 1,352 154 3 8,228 50 8,178

16,542 3,784 1,966 352 0 1,614 498 1,818 1,808 9 1 12,758 0 12,758

.. ..

.. ..

0 0

155 0

175 0

188 0

199 0

205 0

206 0

352 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-95 -95 -77 10 0 -87 -33 -18 0 -100 83 0 0 0

1,310 500 -140 84 0 -224 -79 640 400 272 -32 810 803 7

1,832 -53 -487 -23 0 -464 -231 434 390 59 -14 1,884 812 1,072

1,988 -327 -443 59 0 -502 -195 116 0 131 -14 2,315 1,146 1,169

2,500 -1,372 -456 150 0 -606 -204 -916 -670 -233 -14 3,872 809 3,063

999 -3,253 -4,130 93 0 -4,223 -262 877 1,166 -282 -7 4,252 425 3,826

707 131 -1,067 -33 0 -1,034 -348 1,199 1,357 -154 -3 575 -50 625

2,133 1,657 -1,699 -209 0 -1,489 -498 3,356 3,366 -9 -1 476 226 250

.. ..

.. ..

54 0

84 0

-23 0

59 0

150 0

93 0

-33 0

-209 0

5. LONG-TERM DEBT

426 POLAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

203 203 113 31 0 82 56 90 0 74 15 0 0 0

1,286 1,169 777 142 0 636 405 391 364 23 5 117 3 114

1,374 1,164 759 131 0 629 407 405 349 53 3 210 65 145

1,802 1,316 906 133 0 773 343 410 364 44 2 486 107 379

2,223 1,138 653 122 0 532 296 484 449 34 1 1,086 193 892

2,453 1,043 622 118 0 504 279 421 401 20 1 1,410 265 1,145

2,263 953 484 106 0 378 276 469 464 4 0 1,311 283 1,027

2,293 1,077 465 95 0 370 288 612 611 1 0 1,216 563 652

.. ..

.. ..

1 0

142 0

131 0

133 0

122 0

118 0

106 0

95 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-298 -298 -190 -22 0 -169 -90 -107 0 -175 67 0 0 0

23 -669 -917 -58 0 -859 -485 249 36 249 -37 692 800 -107

458 -1,217 -1,246 -153 0 -1,093 -637 30 41 6 -17 1,675 748 927

186 -1,643 -1,349 -74 0 -1,275 -538 -294 -364 86 -16 1,829 1,039 790

276 -2,510 -1,109 28 0 -1,137 -500 -1,401 -1,119 -267 -15 2,786 615 2,171

-1,454 -4,296 -4,751 -24 0 -4,727 -541 456 765 -302 -7 2,842 161 2,681

-1,557 -821 -1,551 -139 0 -1,412 -624 730 892 -159 -4 -735 -333 -402

-159 581 -2,164 -305 0 -1,859 -785 2,744 2,755 -10 -1 -740 -337 -403

.. ..

.. ..

54 0

-58 0

-153 0

-74 0

28 0

-24 0

-139 0

-305 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

838 838 260 77 0 183 100 577 0 474 103 0 0 0

2,371 1,679 1,198 297 0 901 486 481 364 77 40 692 3 689

4,284 2,608 1,399 306 0 1,093 637 1,209 1,097 88 24 1,676 65 1,612

8,046 2,162 1,596 321 0 1,275 538 566 364 184 19 5,884 107 5,777

9,898 3,416 1,459 321 0 1,138 500 1,957 1,674 269 15 6,482 193 6,289

15,061 6,236 5,050 323 0 4,727 541 1,186 831 348 7 8,825 265 8,561

13,242 3,703 1,724 312 0 1,412 624 1,979 1,816 159 4 9,539 333 9,206

18,835 4,861 2,432 448 0 1,984 785 2,429 2,419 10 1 13,974 563 13,410

.. ..

.. ..

1 0

297 0

306 0

321 0

321 0

323 0

312 0

448 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

2,126 1,297 829

1,223 1,060 163

972 912 60

1,217 1,165 52

685 638 48

521 521 0

388 388 0

3,968 3,968 0

.. .. .. ..

.. .. .. ..

3,822 26,112 39,259 2

7,691 23,268 33,970 2,619

7,904 34,789 34,934 14,369

7,292 40,893 32,949 21,685

6,786 42,861 30,783 25,392

6,183 42,534 25,709 30,600

6,582 48,566 29,374 35,229

6,734 55,453 34,964 40,755

41.0 .. .. 4.5 3.4 0.0 41.7 4.8 0.0 4.6

46.4 .. .. 4.1 5.3 0.0 36.2 4.0 0.0 4.0

55.8 .. .. 4.2 4.8 0.0 28.3 3.2 0.0 3.6

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 23.3 11.0 2.9 3.8 9.2 32.2 0.1 0.0 17.5

.. 10.1 12.6 3.8 3.2 0.0 46.5 6.0 0.0 17.8

.. 10.6 12.9 4.1 3.1 0.0 46.2 5.3 0.0 17.8

.. 9.4 11.5 4.8 3.1 0.0 48.4 5.2 0.0 17.4

.. 9.1 11.2 4.5 3.0 0.0 47.7 4.8 0.0 19.7

427 POLAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 3,559 0 0 0 .. 0 0 0 0 .. 1,366 7 3 0 .. 746 0 0 0 .. 620 7 3 0 .. 2,163 0 0 0 .. 1,998 0 0 0 .. 165 0 0 0 .. 232 8 33 0 .. 61 0 0 0 .. 284 1,686 748 0 .. 0 0 748 0 8. DEBT STOCK-FLOW RECONCILIATION 15,996 8,224 .. 6,279 -1,751 5,114 4,788 .. 423 3,780 .. 987 0 0 93 .. 2,163 0 0 0 -1,694 -33 0 .. -516 -2,309 1,056 -1,638 .. 2,795 9,859 4,981 .. 427 -1,529 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 943 943

0 0 0 0 0 0 0 0 0 0 1,153 290

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 2 0 0 0

-100 835 25 0 0 -1,243 284

1,533 2,516 -118 0 -864 -918 916

11,131 1,155 0 0 0 2,363 5,225

16,712 6,958 0 0 -2 3,471 5,514

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

7.5 15.3 5.1 14.6

6.4 9.9 6.1 17.3

7.4 8.2 8.0 13.1

3.9 9.1 3.1 22.2

6.3 11.2 8.7 22.4

5.4 10.3 9.7 28.1

5.9 9.6 9.5 24.4

5.4 10.7 5.6 23.9

.. .. .. ..

.. .. .. ..

7.2 17.8 5.6 18.0

5.7 14.9 5.4 25.3

4.3 14.9 5.4 34.0

4.5 14.5 5.0 31.6

7.1 14.5 5.2 16.3

4.7 12.3 7.6 31.6

2.5 16.1 5.1 46.1

6.9 12.7 0.7 12.8

.. .. .. ..

.. .. .. ..

8.5 7.4 3.6 3.9

6.9 6.7 6.6 12.0

7.4 8.1 8.1 12.7

3.1 3.1 1.0 11.9

6.0 10.0 10.0 24.5

5.5 10.0 10.0 27.7

5.9 9.6 9.6 24.3

4.3 9.2 9.2 32.1

.. .. 1,673 1,347 1,231 573 753 .. .. 1,266 533 20 300 196 .. .. 407 813 1,211 273 556 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,797 201 1,596

2,724 15 2,709

8,974 3,800 5,174

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2,023 10,502 2,929

1,116 9,169 2,636

516 13,549 2,349

226 7,701 1,945

62 9,753 1,648

14 5,706 1,275

5 4,073 1,035

2 4,564 914

1 7,110 932

1 4,214 349

2,023 2,679 607

1,116 3,206 598

516 3,650 538

226 4,159 449

62 4,601 337

14 2,926 210

5 560 150

2 661 119

1 508 90

1 423 64

1,934 2,377 510

1,044 2,877 514

464 3,302 467

193 3,800 392

39 4,312 294

0 2,672 177

0 344 126

0 345 104

0 346 82

0 346 60

89 302 96

71 329 84

52 348 71

33 360 57

24 289 43

14 254 33

5 216 23

2 316 15

1 162 8

1 77 4

0 7,823 2,322

0 5,963 2,037

0 9,899 1,811

0 3,542 1,496

0 5,152 1,311

0 2,780 1,065

0 3,513 885

0 3,904 794

0 6,601 842

0 3,791 285

0 1 6

0 1 6

0 1 6

0 1 6

0 0 6

0 0 6

0 400 6

0 0 0

0 0 0

0 0 0

0 7,822 2,316

0 5,962 2,031

0 9,899 1,805

0 3,541 1,490

0 5,152 1,305

0 2,780 1,059

0 3,113 879

0 3,904 794

0 6,601 842

0 3,791 285

428 ROMANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

9,762 7,131 7,131 0 328 2,303 0 0 0 0 0 0 0

1,140 230 223 7 0 910 0 0 0 0 0 0 188

9,640 8,081 6,350 1,731 641 918 0 0 0 2 2 0 1,980

10,129 9,014 6,658 2,356 539 576 21 0 21 44 0 44 610

9,455 8,612 6,081 2,531 458 385 20 0 20 42 0 42 651

11,029 10,188 6,872 3,316 453 388 12 4 8 17 0 17 510

12,224 11,415 7,236 4,178 387 423 12 4 8 23 0 23 563

15,724 14,804 9,136 5,668 428 492 14 4 9 30 0 30 412

21,281 19,320 11,730 7,590 595 1,365 14 5 10 34 1 33 711

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

2,955 2,797 158 928 824 104 2,027 0 601 332 20 249 1,426 1,529 1,156 124 249

26 26 0 4 4 0 44 22 14 0 0 14 30 18 4 0 14

3,788 3,622 166 2,760 2,625 135 810 -218 563 481 29 53 247 3,323 3,105 165 53

2,074 2,074 0 1,885 1,760 125 -174 -363 539 495 29 15 -713 2,424 2,255 154 15

3,432 3,360 72 3,156 3,016 139 87 -190 561 518 20 23 -474 3,717 3,534 159 23

3,332 3,218 114 1,777 1,681 96 1,566 11 672 620 24 28 894 2,449 2,301 120 28

3,563 3,496 66 1,956 1,839 117 1,641 35 656 619 19 18 985 2,613 2,458 136 18

4,818 4,711 107 2,596 2,497 98 2,289 67 579 556 11 12 1,710 3,175 3,053 109 12

4,893 4,662 231 2,791 2,679 111 2,976 873 852 823 9 20 2,124 3,643 3,503 120 20

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

1,973 1,973 0 0 0 0 613 1,360

24 22 0 0 2 2 21 4

2,535 998 1,215 195 127 57 478 2,057

2,577 314 2,031 95 136 160 58 2,519

1,648 344 1,041 68 195 91 241 1,407

2,824 1,537 1,037 58 193 109 871 1,953

3,079 1,657 1,157 8 257 112 426 2,653

3,638 2,213 1,144 21 260 127 402 3,236

4,294 1,983 1,844 69 398 143 414 3,880

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

1,641 332 0 495 1,146

24 0 0 21 3

2,024 481 30 237 1,787

1,928 495 154 -152 2,080

1,077 518 52 3 1,074

2,132 620 72 610 1,523

2,343 619 117 126 2,217

2,885 556 197 186 2,700

3,217 823 254 202 3,015

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. 12,160 0 14,580 2,511 -2,420

35,181 10,024 96 11,943 2,491 -1,297

36,768 12,440 96 14,653 3,396 -1,355

39,883 13,876 116 17,244 4,858 -2,229

45,290 16,643 143 19,697 7,286 -1,525

55,866 21,032 124 26,190 9,449 -3,311

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

80.3 .. 12.6 4.9 .. 25.7 2.1 23.6 1.8 8.3

94.3 26.9 37.1 5.6 1.6 26.3 2.5 4.1 4.0 28.9

88.7 30.0 19.7 5.4 1.8 30.8 2.8 3.5 3.1 29.5

88.1 30.7 18.8 4.7 1.6 39.7 3.4 3.5 2.5 28.3

94.5 34.7 19.1 3.5 1.3 46.3 4.4 3.1 1.7 26.2

101.2 38.1 17.3 4.1 1.5 44.4 4.3 6.4 1.7 22.7

3. MAJOR ECONOMIC AGGREGATES 38,455 6,555 0 9,915 1,374 -3,254

34,958 10,160 16 12,841 4,679 -2,104

41,673 9,795 49 13,461 3,795 -2,917

4. DEBT INDICATORS 17.4 3.0 0.3 0.2 0.0 120.5 1.7 79.8 19.2 0.0

94.9 27.6 32.7 5.5 1.6 48.5 4.4 9.5 4.7 23.2

103.4 24.3 24.8 5.5 1.3 37.5 3.4 5.7 5.8 23.9

429 ROMANIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

7,131 7,131 2,468 806 0 1,661 174 4,663 0 4,222 441 0 0 0

230 223 218 0 0 218 218 5 0 0 5 7 0 7

.. ..

806 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

8,081 6,350 3,638 2,235 0 1,403 451 2,712 1,016 920 776 1,731 75 1,656

9,014 6,658 3,701 2,425 2 1,276 585 2,957 1,118 1,008 831 2,356 75 2,281

8,612 6,081 3,992 2,733 6 1,259 373 2,089 652 762 675 2,531 75 2,456

10,188 6,872 4,482 3,257 15 1,225 329 2,390 736 1,106 548 3,316 0 3,316

11,415 7,236 4,524 3,460 19 1,065 282 2,712 1,064 1,222 426 4,178 0 4,178

14,804 9,136 5,060 4,122 22 938 251 4,076 1,101 2,584 390 5,668 120 5,548

19,320 11,730 5,653 4,827 36 826 332 6,077 2,210 3,516 350 7,590 120 7,470

0 0

1,305 0

1,443 0

1,662 0

1,898 0

1,876 0

2,173 0

2,296 0

2,797 2,797 954 239 0 715 0 1,843 0 1,402 441 0 0 0

26 23 19 0 0 19 19 5 0 0 5 3 0 3

3,622 1,843 672 544 0 129 56 1,171 346 656 168 1,779 75 1,704

2,074 1,250 720 439 2 281 112 530 0 350 180 825 0 825

3,360 2,031 770 710 5 60 26 1,261 0 1,199 62 1,329 0 1,329

3,218 2,011 1,157 952 8 205 57 854 139 673 42 1,207 0 1,207

3,496 1,892 664 536 4 128 40 1,228 672 523 33 1,605 0 1,605

4,711 2,573 734 620 2 114 29 1,839 142 1,623 74 2,138 120 2,018

4,662 2,640 686 578 6 108 60 1,953 792 1,112 50 2,022 0 2,022

.. ..

239 0

0 0

399 0

153 0

315 0

384 0

132 0

335 0

131 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

824 824 341 22 0 319 0 483 0 483 0 0 0 0

4 0 0 0 0 0 0 0 0 0 0 4 0 4

2,625 1,542 322 78 0 244 5 1,220 0 1,073 147 1,083 0 1,083

1,760 1,561 799 345 0 454 10 762 0 614 148 200 0 200

3,016 1,529 724 278 0 446 220 806 456 178 171 1,487 0 1,487

1,681 960 479 313 0 166 72 481 0 317 164 721 75 646

1,839 1,319 495 235 0 260 66 823 297 383 143 521 0 521

2,497 1,458 592 288 0 304 90 867 290 436 141 1,039 0 1,039

2,679 1,495 671 322 0 349 64 824 0 669 155 1,184 0 1,184

.. ..

22 0

0 0

28 0

68 0

83 0

91 0

101 0

120 0

145 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,973 1,973 613 217 0 396 0 1,360 0 919 441 0 0 0

22 23 19 0 0 19 19 5 0 0 5 -1 0 -1

998 302 351 466 0 -116 51 -49 346 -417 21 696 75 621

314 -311 -79 94 2 -173 101 -232 0 -264 32 625 0 625

344 502 46 432 5 -386 -194 456 -456 1,021 -109 -158 0 -158

1,537 1,051 678 640 8 38 -15 373 139 356 -122 486 -75 561

1,657 573 169 300 4 -131 -27 404 375 140 -110 1,084 0 1,084

2,213 1,114 142 332 2 -190 -61 972 -148 1,186 -67 1,099 120 979

1,983 1,145 16 257 6 -241 -4 1,129 792 443 -105 838 0 838

.. ..

217 0

0 0

371 0

84 0

233 0

293 0

31 0

214 0

-14 0

5. LONG-TERM DEBT

430 ROMANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

332 332 118 59 0 59 0 214 0 172 42 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

481 378 241 159 0 82 15 137 39 39 59 103 0 103

495 356 210 146 0 64 15 146 63 39 44 139 7 132

518 378 238 180 0 58 14 140 54 32 54 140 7 133

620 427 261 200 1 61 14 166 45 72 49 193 7 186

619 480 300 207 2 93 11 179 48 92 39 140 0 140

556 457 217 159 1 58 9 240 131 82 27 99 2 97

823 568 212 166 1 46 10 356 131 202 23 256 6 250

.. ..

59 0

0 0

70 0

82 0

88 0

104 0

103 0

76 0

69 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,641 1,641 495 158 0 337 0 1,146 0 747 399 0 0 0

22 23 19 0 0 19 19 5 0 0 5 -1 0 -1

517 -76 110 307 0 -198 37 -186 308 -456 -38 593 75 518

-181 -666 -288 -52 1 -237 87 -378 -63 -303 -12 486 -7 493

-174 124 -192 252 5 -444 -208 315 -511 988 -162 -298 -7 -291

917 624 417 440 8 -23 -28 206 93 285 -172 293 -82 375

1,038 93 -131 93 3 -224 -37 225 327 48 -150 944 0 944

1,657 657 -74 173 1 -247 -70 732 -279 1,105 -94 1,000 118 882

1,160 577 -196 90 5 -286 -14 773 661 241 -128 582 -6 588

.. ..

158 0

0 0

301 0

3 0

145 0

189 0

-72 0

139 0

-82 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,156 1,156 459 81 0 378 0 698 0 656 42 0 0 0

4 0 0 0 0 0 0 0 0 0 0 4 0 4

3,105 1,920 563 237 0 326 19 1,357 39 1,112 206 1,186 0 1,186

2,255 1,916 1,008 491 0 517 25 908 63 653 192 339 7 332

3,534 1,907 961 457 0 504 234 946 511 211 225 1,627 7 1,620

2,301 1,387 740 512 1 227 85 647 45 389 213 914 82 832

2,458 1,798 795 443 2 353 77 1,003 345 475 183 660 0 660

3,053 1,915 808 447 1 361 99 1,107 421 518 168 1,138 2 1,136

3,503 2,063 883 488 1 395 74 1,180 131 871 178 1,440 6 1,434

.. ..

81 0

0 0

99 0

150 0

170 0

195 0

204 0

196 0

214 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

1,865 1,347 518

113 0 113

3,282 2,784 497

3,581 3,042 539

3,617 2,956 661

4,343 3,144 1,199

3,988 2,767 1,221

4,417 2,830 1,587

4,753 3,070 1,683

.. .. .. ..

174 4,222 7,131 0

218 7 223 7

451 3,985 6,204 1,877

587 5,334 6,476 2,538

380 5,933 5,921 2,691

344 7,355 6,723 3,466

301 8,066 7,103 4,311

273 10,514 8,992 5,811

368 13,556 11,532 7,788

.. 9.0 2.7 5.1 0.0 0.9 44.6 15.9 0.0 21.9

42.4 .. .. 1.6 0.0 0.9 40.3 14.2 0.0 0.6

49.5 .. .. 1.6 0.0 0.9 35.3 12.2 0.0 0.5

57.7 .. .. 2.3 0.5 0.9 27.0 10.1 0.0 1.6

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. 2.1 0.0 0.0 0.0 2.6 83.8 11.4 0.0 0.0

.. 0.0 0.8 0.0 0.0 89.5 9.8 0.0 0.0 0.0

.. 11.8 3.9 15.2 0.0 0.8 36.2 16.2 0.0 15.9

.. 12.4 4.0 12.2 0.0 1.1 37.8 16.9 0.0 15.6

.. 11.5 3.6 6.6 0.0 1.0 42.5 19.1 0.0 15.7

431 ROMANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 53 1,186 489 -674 .. 2,027 44 810 -174 87 .. 0 0 21 -1 .. 0 0 0 0 .. 0 0 0 0 .. 39 -466 342 -206 .. -30 842 300 -553 9. AVERAGE TERMS OF NEW COMMITMENTS

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 85 0 0

0 0 0 0 0 0 0 0 0 81 0 0

1,574 1,566 -8 0 0 -255 271

1,195 1,641 0 0 0 -207 -239

3,499 2,289 2 0 0 700 508

5,557 2,976 1 0 0 1,040 1,540

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

14.1 8.5 3.5 -16.0

7.6 10.7 4.5 13.2

8.2 10.7 3.6 14.0

5.2 15.1 4.4 25.4

6.3 14.7 3.6 20.7

7.4 11.4 3.3 14.2

7.0 11.6 4.8 17.0

5.8 385.4 5.1 20.6

3.9 9.6 4.0 27.5

.. .. .. ..

8.0 14.9 3.4 10.0

2.7 25.5 10.0 57.3

5.9 18.8 5.2 25.9

5.4 20.4 6.4 32.0

5.6 20.3 5.4 29.1

5.9 16.9 4.2 24.5

3.3 24.9 6.7 49.4

3.5 18.3 5.0 40.8

1.9 18.3 5.2 52.4

.. .. .. ..

15.0 7.6 3.6 -19.8

8.4 8.2 3.6 5.8

10.3 3.5 2.2 3.4

5.0 6.2 1.1 14.2

7.3 6.3 1.1 8.2

9.1 5.7 2.5 3.5

8.5 6.3 4.0 4.0

6.4 470.1 5.1 15.9

4.4 7.4 3.8 21.2

.. 1,886 132 1,865 1,503 1,492 2,858 .. 240 19 873 944 889 1,459 .. 1,646 113 992 558 603 1,399 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,805 517 1,288

2,563 480 2,083

2,854 577 2,277

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,976 3,012 1,073

1,180 3,006 954

678 2,607 798

364 2,662 681

227 3,132 558

141 2,189 366

76 1,704 297

49 712 221

24 1,528 160

14 568 101

938 852 232

734 659 219

511 634 202

347 629 187

227 649 171

141 650 152

76 540 134

49 509 119

24 479 103

14 468 89

111 358 29

110 148 20

70 54 15

44 40 13

23 42 12

11 42 11

6 25 10

0 29 9

0 28 8

0 28 7

828 494 202

624 512 199

441 580 187

303 590 174

203 607 159

130 608 141

70 515 124

49 480 110

24 451 95

14 440 81

1,037 2,161 841

446 2,347 734

167 1,973 595

18 2,033 493

0 2,483 387

0 1,539 214

0 1,165 163

0 203 103

0 1,048 57

0 100 13

992 611 201

430 616 198

161 651 184

18 599 162

0 442 141

0 326 124

0 260 112

0 201 102

0 1,048 57

0 100 13

45 1,550 640

16 1,731 536

7 1,322 411

0 1,433 331

0 2,041 246

0 1,213 89

0 904 51

0 1 0

0 0 0

0 0 0

432 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

127,621 108,483 106,578 1,905 13,231 5,908 2,708 1,909 799 6,516 4,737 1,779 37,471

177,861 143,775 121,612 22,163 19,335 14,751 4,651 3,572 1,078 6,741 4,320 2,422 30,197

174,759 143,776 121,193 22,583 15,238 15,745 6,645 4,326 2,318 7,486 6,719 767 28,255

160,027 132,784 111,022 21,762 11,613 15,630 4,530 4,454 76 7,368 6,602 766 27,220

152,491 126,086 103,760 22,326 7,433 18,972 5,372 5,304 67 5,456 5,206 250 31,367

147,437 124,637 96,123 28,514 6,481 16,319 4,319 4,251 67 4,853 4,603 250 35,333

175,257 139,386 98,264 41,121 5,069 30,803 3,603 3,536 67 4,557 4,307 250 38,402

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

10,859 8,840 2,019 1,904 1,409 495 7,555 -1,400 5,129 4,547 582 0 2,426 7,033 5,956 1,077 0

24,190 17,948 6,241 5,081 4,166 914 21,912 -500 5,817 5,099 718 0 16,095 10,898 9,266 1,632 0

3,744 3,099 645 6,918 2,678 4,240 -4,174 -1,000 5,171 3,943 723 505 -9,345 12,089 6,621 4,963 505

1,416 1,416 0 6,221 3,333 2,888 -2,805 2,000 5,604 4,284 691 630 -8,409 11,825 7,617 3,579 630

2,936 2,936 0 9,333 5,517 3,817 -3,898 2,500 7,937 6,807 507 624 -11,835 17,271 12,323 4,323 624

6,027 6,027 0 6,995 5,509 1,486 -2,567 -1,600 7,168 6,434 209 525 -9,735 14,162 11,942 1,695 525

14,186 14,186 0 10,951 9,054 1,897 12,835 9,600 8,243 7,462 113 669 4,592 19,194 16,516 2,010 669

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

13,914 7,431 4,864 1,266 353 432 2,998 10,916

17,437 13,782 2,764 714 177 828 1,175 16,262

4,249 421 3,309 -287 805 860 1,381 2,868

1,608 -1,917 2,713 150 662 587 201 1,406

788 -2,581 2,469 542 358 803 -645 1,433

6,847 519 3,461 2,626 241 1,116 -1,607 8,454

13,916 5,132 7,958 413 413 878 -1,868 15,784

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

8,444 4,547 923 276 8,168

11,480 5,099 857 -624 12,104

-312 3,943 618 741 -1,053

-3,563 4,284 887 -1,026 -2,537

-7,512 6,807 1,493 -3,856 -3,655

-2,555 6,434 2,969 -4,047 1,492

-6,066 7,462 12,521 -4,612 -1,454

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

188,190 88,498 1,292 64,488 12,325 24,611

252,972 119,351 1,275 72,582 27,656 46,840

302,365 120,488 1,403 85,513 36,303 33,795

339,006 126,821 1,359 96,723 48,326 29,116

419,684 163,316 1,453 126,786 78,409 35,845

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

197.5 92.9 13.7 5.8 2.7 7.1 2.3 9.0 0.3 4.0

134.1 63.3 9.9 4.7 2.2 17.3 4.6 9.8 0.6 4.4

126.6 50.4 14.3 6.6 2.6 23.8 5.1 12.4 0.5 4.6

116.3 43.5 11.2 5.7 2.1 32.8 6.0 11.1 0.4 4.6

107.3 41.8 11.8 5.0 2.0 44.7 7.4 17.6 0.8 3.8

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

396,236 105,341 2,268 105,065 17,624 -80

259,163 91,117 1,925 90,564 12,043 216

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

121.2 32.2 6.7 4.9 1.3 13.8 2.0 4.6 0.9 4.1

195.2 68.6 12.0 6.4 2.2 6.8 1.6 8.3 1.2 3.7

433 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

108,483 106,578 63,583 5,289 0 58,295 1,186 42,994 4,585 29,288 9,121 1,905 1,905 0

143,775 121,612 68,922 6,577 0 62,344 2,173 52,690 15,981 29,305 7,404 22,163 2,189 19,974

143,776 121,193 71,452 6,915 0 64,536 536 49,741 15,644 29,033 5,065 22,583 2,171 20,413

132,784 111,022 70,851 7,040 0 63,811 989 40,171 36,368 440 3,363 21,762 1,412 20,350

126,086 103,760 64,236 6,969 0 57,267 741 39,524 35,279 390 3,855 22,326 1,734 20,592

124,637 96,123 55,671 6,807 0 48,865 608 40,451 36,797 452 3,201 28,514 4,526 23,989

139,386 98,264 59,603 6,579 0 53,023 1,486 38,662 35,681 230 2,751 41,121 10,852 30,269

.. ..

5,053 0

6,337 0

6,707 0

6,844 0

6,746 0

6,599 0

6,289 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

8,840 6,935 3,045 2,748 0 297 0 3,890 3,555 2 333 1,905 1,905 0

17,948 14,662 2,165 1,293 0 872 0 12,497 11,329 5 1,162 3,287 278 3,009

3,099 2,079 1,288 561 0 727 346 791 0 0 791 1,021 0 1,021

1,416 1,036 746 574 0 172 0 290 0 0 290 380 75 305

2,936 912 738 432 0 306 21 174 0 0 174 2,024 528 1,496

6,027 829 643 246 0 397 8 187 0 0 187 5,198 3,493 1,705

14,186 697 505 348 0 156 0 192 0 0 192 13,489 6,686 6,803

.. ..

.. ..

.. ..

2,691 0

1,226 0

538 0

540 0

378 0

229 0

233 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,409 1,409 400 68 0 332 42 1,009 0 29 980 0 0 0

4,166 3,741 1,167 129 0 1,038 60 2,574 69 270 2,235 426 0 426

2,678 1,998 713 204 0 509 30 1,286 0 35 1,251 680 0 680

3,333 2,031 1,206 312 0 894 41 825 268 19 538 1,302 825 477

5,517 4,105 1,740 382 0 1,359 166 2,364 1,000 29 1,335 1,412 207 1,205

5,509 3,444 2,491 557 0 1,933 142 953 17 9 927 2,065 730 1,335

9,054 5,934 2,786 752 0 2,034 122 3,148 1,688 485 975 3,120 576 2,544

.. ..

.. ..

.. ..

0 0

66 0

150 0

266 0

355 0

526 0

719 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

7,431 5,526 2,645 2,680 0 -35 -42 2,881 3,555 -27 -648 1,905 1,905 0

13,782 10,921 998 1,164 0 -166 -60 9,923 11,260 -264 -1,073 2,861 278 2,583

421 80 575 357 0 218 316 -495 0 -35 -460 341 0 341

-1,917 -995 -460 262 0 -722 -41 -535 -268 -19 -248 -922 -750 -172

-2,581 -3,193 -1,003 50 0 -1,053 -145 -2,191 -1,000 -29 -1,162 612 321 291

519 -2,615 -1,848 -312 0 -1,536 -134 -767 -17 -9 -740 3,133 2,763 371

5,132 -5,237 -2,281 -404 0 -1,878 -122 -2,956 -1,688 -485 -782 10,369 6,110 4,259

.. ..

.. ..

.. ..

2,691 0

1,160 0

388 0

274 0

23 0

-296 0

-486 0

5. LONG-TERM DEBT

434 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

4,547 4,547 2,722 200 0 2,522 18 1,824 216 1,250 358 0 0 0

5,099 3,507 1,799 332 0 1,466 16 1,708 669 790 249 1,593 129 1,464

3,943 2,569 640 371 0 269 13 1,929 1,639 6 285 1,374 170 1,204

4,284 3,207 1,227 431 0 796 1 1,979 1,845 4 130 1,077 165 912

6,807 5,861 3,212 399 0 2,812 24 2,650 2,414 43 193 945 80 865

6,434 5,405 2,441 245 0 2,195 27 2,964 2,756 34 174 1,029 281 748

7,462 5,600 2,745 179 0 2,566 22 2,855 2,697 36 121 1,862 966 897

.. ..

.. ..

.. ..

178 0

316 0

359 0

412 0

384 0

238 0

175 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

2,884 979 -77 2,480 0 -2,557 -60 1,056 3,339 -1,277 -1,006 1,905 1,905 0

8,683 7,414 -801 832 0 -1,633 -76 8,215 10,590 -1,054 -1,321 1,268 149 1,119

-3,522 -2,489 -65 -14 0 -51 302 -2,424 -1,639 -41 -745 -1,033 -170 -863

-6,201 -4,202 -1,688 -169 0 -1,518 -41 -2,514 -2,113 -23 -378 -1,999 -915 -1,084

-9,388 -9,055 -4,214 -349 0 -3,865 -169 -4,840 -3,414 -72 -1,354 -333 241 -574

-5,915 -8,019 -4,288 -557 0 -3,732 -161 -3,731 -2,773 -43 -914 2,105 2,482 -377

-2,330 -10,837 -5,026 -582 0 -4,443 -144 -5,811 -4,386 -522 -903 8,507 5,144 3,363

.. ..

.. ..

.. ..

2,513 0

844 0

29 0

-138 0

-361 0

-534 0

-661 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

5,956 5,956 3,122 268 0 2,854 60 2,833 216 1,279 1,338 0 0 0

9,266 7,247 2,965 461 0 2,504 76 4,282 739 1,060 2,484 2,018 129 1,889

6,621 4,567 1,353 575 0 778 43 3,215 1,639 41 1,535 2,054 170 1,884

7,617 5,238 2,434 743 0 1,690 41 2,804 2,113 23 668 2,379 990 1,389

12,323 9,966 4,952 781 0 4,171 190 5,014 3,414 72 1,528 2,357 287 2,070

11,942 8,848 4,931 803 0 4,128 169 3,917 2,773 43 1,101 3,094 1,011 2,083

16,516 11,534 5,530 931 0 4,600 144 6,003 4,386 522 1,096 4,982 1,542 3,440

.. ..

.. ..

.. ..

178 0

382 0

509 0

679 0

739 0

764 0

894 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

7,894 5,498 2,396

7,084 5,567 1,516

6,430 5,272 1,158

3,393 2,581 812

2,976 2,408 568

3,269 2,853 416

3,150 3,002 148

.. .. .. ..

.. .. .. ..

.. .. .. ..

1,186 67,011 106,578 1,905

2,173 87,853 121,612 22,163

536 80,002 121,193 22,583

989 46,697 111,022 21,762

741 44,743 103,760 22,326

608 50,139 96,123 28,514

1,486 61,544 98,264 41,121

20.3 .. .. 0.1 0.1 0.0 73.4 6.0 0.0 0.0

23.6 .. .. 0.2 0.1 0.0 69.6 6.4 0.0 0.0

24.3 .. .. 0.4 0.1 0.0 69.1 6.0 0.0 0.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 29.0 0.5 0.2 0.3 0.1 64.6 4.7 0.0 0.6

.. 29.0 0.5 0.2 0.3 0.0 64.4 4.9 0.0 0.7

.. 22.0 0.4 0.2 0.2 0.0 71.5 5.1 0.0 0.5

.. 20.8 0.4 0.1 0.1 0.0 72.3 5.7 0.0 0.5

435 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 34,656 5,270 13,680 .. .. 121 0 0 .. .. 28,987 3,861 7,686 .. .. 3,718 2,855 6,000 .. .. 25,269 1,006 1,685 .. .. 5,263 524 4,967 .. .. 581 367 4,553 .. .. 4,681 158 414 .. .. 0 0 0 .. .. 0 0 0 .. .. 5 0 0 .. .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 50,240 -3,102 .. .. 1,200 21,912 -4,174 .. .. 7,555 .. .. -4,649 1,943 1,994 5,263 524 4,967 .. .. 0 0 .. .. -5 .. .. -7,109 3,014 -5,639 18,749 -249 .. .. 145 9. AVERAGE TERMS OF NEW COMMITMENTS

26,526 17,369 3,189 2,782 407 4,356 2,198 2,158 0 0 11,600 0

2,171 0 2,171 2,171 0 0 0 0 0 0 0 0

3,256 0 2,123 2,123 0 0 0 0 0 0 0 0

2,271 0 2,095 2,095 0 0 0 0 0 0 0 0

-14,732 -2,805 -2,114 4,356 -11,600 -2,990 421

-7,536 -3,898 841 0 0 -1,801 -2,678

-5,054 -2,567 -1,053 0 0 4,815 -6,250

27,821 12,835 -716 0 0 5,466 4,636

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

7.8 13.2 6.6 12.4

9.8 14.6 13.3 -2.3

4.0 11.5 2.9 27.0

5.1 9.9 2.7 17.1

5.2 13.3 2.3 23.1

2.6 15.6 4.6 44.0

2.2 12.8 3.7 37.6

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.3 17.4 5.2 21.3

6.4 10.6 4.1 16.6

3.6 12.3 3.8 30.7

7.3 16.8 5.3 16.0

5.3 13.6 2.3 23.1

2.6 16.1 4.7 44.8

2.2 12.8 3.7 37.6

.. .. .. ..

.. .. .. ..

.. .. .. ..

9.2 9.0 8.0 3.5

10.5 15.5 15.3 -6.3

5.1 9.3 0.3 17.0

4.3 7.3 1.7 17.5

3.0 7.0 2.0 23.7

2.8 6.5 3.5 26.9

0.0 0.0 0.0 0.0

.. .. .. 8,315 14,235 1,671 106 .. .. .. 4,152 2,464 1,225 30 .. .. .. 4,163 11,771 446 76 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

912 874 38

1,286 1,230 56

771 771 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,098 13,011 7,721

688 14,183 7,011

384 9,451 6,369

300 13,485 6,022

226 11,612 5,558

143 9,730 4,997

104 10,182 4,492

75 8,756 3,986

46 7,725 3,621

36 7,685 3,123

1,018 4,253 3,020

653 4,498 2,885

379 4,141 2,726

298 4,580 2,567

226 4,766 2,381

143 4,932 2,189

104 4,922 1,975

75 4,732 1,742

46 4,682 1,495

36 4,763 1,241

287 3,402 2,825

161 3,625 2,701

68 3,325 2,561

26 3,703 2,420

15 3,903 2,254

0 4,090 2,082

0 4,099 1,888

0 3,993 1,676

0 4,070 1,447

0 4,253 1,206

731 851 196

492 873 183

311 816 166

273 877 147

210 863 127

143 842 107

104 823 87

75 740 66

46 613 48

36 510 35

81 8,758 4,701

35 9,685 4,126

5 5,310 3,643

2 8,905 3,455

0 6,846 3,177

0 4,799 2,808

0 5,260 2,517

0 4,024 2,244

0 3,043 2,126

0 2,922 1,883

0 47 0

0 92 0

0 91 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

81 8,711 4,701

35 9,593 4,126

5 5,219 3,643

2 8,905 3,455

0 6,846 3,177

0 4,799 2,808

0 5,260 2,517

0 4,024 2,244

0 3,043 2,126

0 2,922 1,883

436 RWANDA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

5 2 2 0 3 0 0 0 0 0 0 0 0

190 150 150 0 14 26 0 0 0 0 0 0 0

712 664 664 0 0 47 2 2 0 8 8 0 41

1,113 996 996 0 40 77 29 29 0 68 66 1 26

1,228 1,122 1,122 0 56 49 15 15 0 61 60 1 10

1,294 1,164 1,164 0 76 54 16 16 0 67 66 1 10

1,273 1,148 1,148 0 86 39 17 17 0 74 73 1 11

1,285 1,165 1,165 0 84 36 17 16 0 73 72 1 10

1,437 1,307 1,307 0 85 45 17 17 0 78 77 1 11

1,540 1,418 1,418 0 92 30 18 18 0 81 79 2 11

0 0 0 1 0 1 -1 0 0 0 0 0 -1 1 0 1 0

34 27 6 3 3 0 36 5 5 2 0 3 31 8 4 0 3

62 62 0 10 9 1 54 2 11 6 0 5 43 21 15 1 5

92 72 20 13 10 2 113 34 10 7 1 2 104 22 17 3 2

104 88 16 11 9 2 79 -14 9 6 2 2 69 21 15 4 2

111 82 29 20 12 8 95 4 11 8 1 2 84 31 20 10 2

65 40 25 24 13 11 25 -16 11 8 1 1 14 35 21 13 1

76 64 12 12 10 2 62 -2 7 5 1 1 55 18 15 3 1

85 85 1 11 8 2 84 9 6 6 1 0 77 17 14 3 0

32 31 1 13 12 2 3 -16 8 7 0 0 -5 21 19 2 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

10 0 0 0 10 12 10 0

109 25 16 0 68 55 95 14

206 53 8 0 145 90 200 6

188 62 3 0 124 58 186 3

285 79 7 0 199 61 278 7

300 70 2 0 228 60 298 2

247 27 8 0 211 56 238 8

212 54 5 0 154 57 208 5

264 77 3 0 185 82 262 3

225 20 5 0 201 95 220 5

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

10 0 0 10 0

98 2 9 93 4

194 6 6 194 0

177 7 4 178 -1

279 6 0 272 7

291 8 1 290 1

235 8 3 230 5

204 5 3 203 1

258 6 0 256 2

217 7 0 213 4

220 .. 0 .. 8 ..

1,165 198 3 361 196 -52

1,983 121 0 439 169 -83

1,920 120 0 459 174 -141

1,796 145 7 452 191 -94

1,680 179 8 468 212 -102

1,732 148 7 462 244 -126

1,662 147 7 492 215 -192

.. 2.2 .. .. 0.0 157.8 .. 0.0 31.0 1.3

95.9 16.3 3.8 2.5 0.4 103.3 6.5 13.7 74.4 47.8

1,013.0 61.9 17.1 7.8 0.5 13.7 4.6 4.0 90.9 78.3

1,077.9 67.4 26.2 9.5 0.6 13.5 4.6 4.2 89.7 78.1

877.0 70.9 24.1 7.7 0.6 15.0 5.1 3.0 90.1 78.4

718.8 76.5 10.3 3.7 0.4 16.5 5.4 2.8 90.5 79.1

970.8 83.0 11.5 4.4 0.4 17.0 6.3 3.2 90.8 80.5

1,044.7 92.7 14.4 5.3 0.5 13.9 5.2 2.0 92.0 82.4

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

2,572 148 3 375 44 -85

1,835 158 5 502 153 -62

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

481.1 27.7 14.2 7.6 0.4 6.2 1.4 6.6 92.6 76.2

705.7 60.6 14.1 6.1 0.5 13.8 3.7 6.9 88.7 76.6

437 RWANDA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 1 1 0 0 0 0 0 0 0

150 150 143 91 90 52 51 8 0 0 8 0 0 0

664 664 661 542 541 119 118 4 0 0 4 0 0 0

0 0

0 58

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

996 996 994 852 852 142 136 1 0 0 1 0 0 0

1,122 1,122 1,121 961 961 159 155 1 0 0 1 0 0 0

1,164 1,164 1,162 1,010 1,010 152 150 1 0 0 1 0 0 0

1,148 1,148 1,147 997 997 150 150 1 0 0 1 0 0 0

1,165 1,165 1,164 1,016 1,016 147 147 1 0 0 1 0 0 0

1,307 1,307 1,305 1,157 1,157 148 148 1 0 0 1 0 0 0

1,418 1,418 1,416 1,269 1,269 147 147 2 0 0 2 0 0 0

0 340

0 558

0 639

0 691

0 692

0 713

0 826

0 909

27 27 27 21 20 7 7 0 0 0 0 0 0 0

62 62 62 37 37 26 25 0 0 0 0 0 0 0

72 72 72 67 67 5 3 0 0 0 0 0 0 0

88 88 88 88 88 0 0 0 0 0 0 0 0 0

82 82 82 82 82 0 0 0 0 0 0 0 0 0

40 40 40 40 40 0 0 0 0 0 0 0 0 0

64 64 64 64 64 0 0 0 0 0 0 0 0 0

85 85 85 85 85 0 0 0 0 0 0 0 0 0

31 31 31 31 31 0 0 0 0 0 0 0 0 0

0 0

0 10

0 22

0 53

0 67

0 69

0 37

0 53

0 73

0 24

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 3 0 0 0 0 0 2 0 0 2 0 0 0

9 9 7 5 5 2 2 2 0 0 2 0 0 0

10 10 10 8 8 2 1 0 0 0 0 0 0 0

9 9 9 7 7 2 0 0 0 0 0 0 0 0

12 12 12 10 10 2 1 0 0 0 0 0 0 0

13 13 13 10 10 2 1 0 0 0 0 0 0 0

10 10 10 6 6 4 4 0 0 0 0 0 0 0

8 8 8 3 3 5 5 0 0 0 0 0 0 0

12 12 12 4 4 8 8 0 0 0 0 0 0 0

0 0

0 0

0 1

0 5

0 5

0 6

0 6

0 3

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

25 25 27 20 20 7 7 -2 0 0 -2 0 0 0

53 53 55 32 32 23 22 -2 0 0 -2 0 0 0

62 62 62 59 59 3 2 0 0 0 0 0 0 0

79 79 79 81 81 -2 0 0 0 0 0 0 0 0

70 70 70 72 72 -2 -1 0 0 0 0 0 0 0

27 27 27 29 29 -2 -1 0 0 0 0 0 0 0

54 54 54 58 58 -4 -4 0 0 0 0 0 0 0

77 77 77 82 82 -5 -5 0 0 0 0 0 0 0

20 20 20 28 28 -8 -8 0 0 0 0 0 0 0

0 0

0 10

0 21

0 48

0 62

0 63

0 31

0 50

0 73

0 24

5. LONG-TERM DEBT

438 RWANDA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 2 1 1 1 0 0 0 0 0 0 0 0 0

6 6 6 4 4 1 1 0 0 0 0 0 0 0

7 7 7 7 7 0 0 0 0 0 0 0 0 0

6 6 6 6 6 0 0 0 0 0 0 0 0 0

8 8 8 7 7 1 1 0 0 0 0 0 0 0

8 8 8 7 7 1 1 0 0 0 0 0 0 0

5 5 5 3 3 2 2 0 0 0 0 0 0 0

6 6 6 4 4 2 2 0 0 0 0 0 0 0

7 7 7 5 5 2 2 0 0 0 0 0 0 0

0 0

0 0

0 2

0 4

0 4

0 5

0 5

0 3

0 2

0 3

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

23 23 26 20 19 6 6 -3 0 0 -3 0 0 0

47 47 49 28 28 22 21 -2 0 0 -2 0 0 0

55 55 55 52 52 3 2 0 0 0 0 0 0 0

73 73 73 75 75 -2 -1 0 0 0 0 0 0 0

62 62 62 65 65 -3 -2 0 0 0 0 0 0 0

19 19 19 22 22 -3 -2 0 0 0 0 0 0 0

49 49 49 55 55 -6 -6 0 0 0 0 0 0 0

71 71 71 78 78 -7 -7 0 0 0 0 0 0 0

13 13 13 22 22 -10 -10 0 0 0 0 0 0 0

0 0

0 10

0 18

0 43

0 57

0 59

0 26

0 47

0 71

0 20

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

4 4 2 1 1 0 0 3 0 0 3 0 0 0

15 15 13 9 9 4 4 2 0 0 2 0 0 0

17 17 17 15 15 2 1 0 0 0 0 0 0 0

15 15 15 13 13 2 1 0 0 0 0 0 0 0

20 20 20 17 17 3 2 0 0 0 0 0 0 0

21 21 21 18 18 3 2 0 0 0 0 0 0 0

15 15 15 9 9 6 6 0 0 0 0 0 0 0

14 14 14 7 7 7 7 0 0 0 0 0 0 0

19 19 19 9 9 10 10 0 0 0 0 0 0 0

0 0

0 0

0 3

0 10

0 9

0 11

0 11

0 6

0 2

0 4

10 10 0

110 110 0

465 459 6

254 254 0

226 226 0

243 243 0

242 242 0

317 317 0

353 353 0

361 361 0

2 0 2 0

141 0 150 0

659 0 664 0

987 0 996 0

1,117 0 1,122 0

1,160 0 1,164 0

1,147 0 1,148 0

1,163 0 1,165 0

1,305 0 1,307 0

1,416 0 1,418 0

.. 0.0 4.8 0.4 0.0 0.0 60.1 8.4 3.1 23.1

7.5 .. .. 0.3 0.0 0.0 61.8 7.9 2.9 19.6

7.2 .. .. 0.2 0.0 0.0 63.4 7.4 2.7 19.0

7.2 .. .. 0.2 0.0 0.0 63.9 7.3 2.7 18.7

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 46.6 0.0 0.0 0.0 0.0 10.4 0.0 0.0 42.9

.. 0.8 7.3 4.5 0.0 0.0 48.0 5.9 0.0 33.5

.. 0.0 3.9 1.5 0.0 0.0 38.6 14.9 6.2 34.8

.. 0.0 7.7 1.0 0.0 0.0 50.7 10.5 3.8 26.4

.. 0.0 6.0 0.6 0.0 0.0 55.2 9.6 3.5 25.2

.. 0.0 5.2 0.6 0.0 0.0 58.3 8.8 3.3 23.9

439 RWANDA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

5 0 4 4 0 1 1 0 0 0 0 0

7 0 3 3 0 1 1 0 0 0 0 0

5 0 1 1 0 0 0 0 11 5 0 0

0 0 0 0 0 0 0 0 14 5 0 0

0 0 0 0 0 0 0 0 16 4 0 0

66 95 1 1 0 -27 -4

-21 25 1 1 0 -37 -10

12 62 0 0 -11 -30 -9

152 84 1 0 -14 61 21

103 3 1 0 -16 69 47

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -1 .. .. .. .. ..

.. 0 0 33 .. 0 0 0 .. 0 0 17 .. 0 0 17 .. 0 0 0 .. 0 0 15 .. 0 0 15 .. 0 0 0 .. 0 0 1 .. 0 0 1 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 88 67 115 54 113 79 36 .. 0 9 -13 .. 0 0 15 .. 0 0 -1 .. 9 -77 -13 .. 24 22 48 9. AVERAGE TERMS OF NEW COMMITMENTS

0.8 50.0 10.5 83.4

1.5 39.4 8.7 70.1

1.4 33.9 9.0 70.6

0.4 41.0 10.3 83.8

0.5 42.7 10.2 83.7

0.8 43.1 10.2 81.4

0.8 39.7 10.2 80.5

0.8 40.4 10.9 80.4

0.8 39.8 10.3 80.6

1.0 45.0 9.4 78.3

0.8 50.0 10.5 83.4

1.5 39.4 8.7 70.1

1.4 33.9 9.0 70.6

0.4 41.0 10.3 83.8

0.5 42.7 10.2 83.7

0.8 43.1 10.2 81.4

0.8 39.7 10.2 80.5

0.8 40.4 10.9 80.4

0.8 39.8 10.3 80.6

1.0 45.0 9.4 78.3

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

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

9 48 72 57 76 121 55 9 48 72 57 76 121 55 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

155 155 0

110 110 0

44 44 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

47 34 12

59 34 12

98 34 12

44 34 12

35 36 12

23 40 12

16 40 11

10 43 11

6 46 11

3 49 10

47 34 12

59 34 12

98 34 12

44 34 12

35 36 12

23 40 12

16 40 11

10 43 11

6 46 11

3 49 10

0 9 2

0 8 2

0 6 2

0 5 2

0 5 1

0 5 1

0 5 1

0 4 1

0 4 1

0 5 1

47 25 10

59 27 10

98 28 10

44 29 10

35 31 10

23 35 10

16 35 10

10 38 10

6 42 10

3 44 9

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 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

440 SAMOA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

2.7 2.7 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

60.2 53.4 53.4 0.0 5.8 1.0 0.0 0.0 0.0 0.0 0.0 0.0

92.0 91.0 91.0 0.0 0.8 0.2 0.0 0.0 0.0 0.0 0.0 0.0

156.4 148.3 148.3 0.0 0.0 8.0 0.0 0.0 0.0 0.0 0.0 0.0

180.1 154.3 154.3 0.0 0.0 25.8 0.0 0.0 0.0 0.0 0.0 0.0

192.4 156.6 156.6 0.0 0.0 35.8 0.0 0.0 0.0 0.0 0.0 0.0

197.4 147.3 147.3 0.0 0.0 50.1 0.0 0.0 0.0 0.0 0.0 0.0

204.3 143.3 143.3 0.0 0.0 61.0 0.0 0.0 0.0 0.0 0.0 0.0

234.4 156.8 156.8 0.0 0.0 77.6 0.0 0.0 0.0 0.0 0.0 0.0

365.2 169.5 169.5 0.0 0.0 195.7 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2.4 2.4 0.0 0.1 0.1 0.0 2.3 0.0 0.0 0.0 0.0 0.0 2.3 0.1 0.1 0.0 0.0

11.2 10.5 0.7 2.8 2.3 0.5 8.4 0.0 2.7 2.3 0.2 0.2 5.7 5.5 4.6 0.7 0.2

15.4 15.4 0.0 4.1 3.3 0.9 11.3 0.1 1.3 1.2 0.1 0.0 9.9 5.5 4.4 1.0 0.0

2.7 2.7 0.0 3.2 3.2 0.0 3.4 3.9 1.8 1.5 0.0 0.3 1.6 5.0 4.7 0.0 0.3

3.2 3.2 0.0 2.8 2.8 0.0 18.2 17.8 2.3 1.4 0.0 0.8 15.9 5.1 4.2 0.0 0.8

0.0 0.0 0.0 3.3 3.3 0.0 6.8 10.1 3.2 1.4 0.0 1.7 3.6 6.5 4.8 0.0 1.7

6.7 6.7 0.0 4.2 4.2 0.0 16.8 14.3 4.3 1.4 0.0 2.9 12.5 8.5 5.6 0.0 2.9

3.3 3.3 0.0 3.5 3.5 0.0 10.7 10.9 3.9 1.3 0.0 2.6 6.8 7.4 4.8 0.0 2.6

2.8 2.8 0.0 3.5 3.5 0.0 15.8 16.6 4.3 1.3 0.0 3.0 11.6 7.8 4.8 0.0 3.0

5.0 5.0 0.0 4.2 4.2 0.0 118.9 118.1 8.9 1.3 0.0 7.5 110.0 13.1 5.6 0.0 7.5

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

2.3 2.3 0.0 0.0 0.0 0.9 2.4 -0.1

17.0 8.2 0.0 0.0 8.8 9.8 18.9 -1.8

38.9 12.1 6.6 0.0 20.2 13.5 32.3 6.6

27.1 -0.5 20.0 0.0 7.6 21.1 7.1 20.0

15.3 0.4 3.0 0.0 11.9 19.6 12.3 3.0

4.4 -3.3 2.0 0.0 5.8 19.1 2.4 2.0

5.8 2.5 -1.5 0.0 4.9 17.6 7.3 -1.5

20.9 -0.2 1.2 0.0 19.9 17.3 19.7 1.2

16.9 -0.7 -0.1 0.0 17.8 20.6 17.0 -0.1

10.1 0.8 -0.1 0.0 9.4 20.9 10.2 -0.1

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

2.3 0.0 0.0 2.4 -0.1

14.8 2.3 0.0 17.5 -2.7

37.7 1.2 0.0 31.2 6.5

25.6 1.5 0.0 5.6 20.0

13.9 1.4 0.0 10.9 3.0

2.4 1.4 0.6 1.0 1.4

4.4 1.4 0.0 5.9 -1.5

19.6 1.3 0.0 18.4 1.2

15.6 1.3 0.0 15.7 -0.1

8.8 1.3 0.0 8.9 -0.1

232.3 129.1 42.0 128.4 61.4 20.1

235.0 126.9 45.0 142.6 68.2 -18.8

241.1 .. 45.0 .. 63.7 ..

235.0 .. 45.0 .. 56.6 ..

240.8 .. 45.0 .. 62.5 ..

264.6 .. 45.0 .. 83.9 ..

139.4 77.5 3.9 1.7 1.0 34.1 5.7 14.3 83.3 80.2

151.6 81.9 5.1 2.5 1.3 35.4 5.7 18.6 79.7 76.5

.. 81.9 .. .. 1.8 32.2 .. 25.4 73.4 70.0

.. 87.0 .. .. 1.6 27.7 .. 29.9 69.2 63.3

.. 97.3 .. .. 1.8 26.7 .. 33.1 66.1 60.8

.. 138.0 .. .. 3.3 23.0 .. 53.6 45.9 42.6

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0.0 .. 5.2 ..

.. 44.4 19.0 74.3 2.8 -12.9

.. .. .. .. .. 194.6 .. 0.0 89.5 89.5

135.5 .. 12.3 6.0 .. 4.6 0.4 1.7 56.2 54.2

164.3 94.1 43.0 96.5 69.0 8.6

244.5 130.5 47.0 144.3 64.2 9.1

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

97.7 56.0 5.8 1.4 0.8 75.1 8.6 0.2 90.5 88.2

119.8 64.0 3.8 1.4 0.7 41.1 5.3 5.1 91.9 88.3

441 SAMOA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.7 2.7 2.4 2.4 2.4 0.0 0.0 0.3 0.0 0.0 0.3 0.0 0.0 0.0

53.4 53.4 45.1 32.7 32.7 12.5 1.2 8.3 4.5 1.9 1.9 0.0 0.0 0.0

91.0 91.0 89.6 81.1 76.5 8.5 6.7 1.4 1.4 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 6.3

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.4 2.4 2.4 2.4 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

148.3 148.3 148.3 138.0 133.3 10.3 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

154.3 154.3 154.3 144.4 140.0 10.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

156.6 156.6 156.6 147.3 144.0 9.3 9.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

147.3 147.3 147.3 138.2 135.8 9.1 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

143.3 143.3 143.3 129.3 127.4 14.0 14.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

156.8 156.8 156.8 142.5 140.6 14.2 14.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

169.5 169.5 169.5 155.5 153.7 14.0 14.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 18.3

0.0 41.8

0.0 45.3

0.0 44.2

0.0 47.3

0.0 47.9

0.0 51.4

0.0 57.6

10.5 10.5 10.5 10.5 10.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

15.4 15.4 15.4 15.0 14.7 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.7 2.7 2.7 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.2 3.2 3.2 3.2 3.2 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

6.7 6.7 6.7 6.0 6.0 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 3.3 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.8 2.8 2.8 2.1 2.1 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.0 5.0 5.0 5.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 2.0

0.0 3.5

0.0 0.8

0.0 2.5

0.0 0.0

0.0 5.7

0.0 3.0

0.0 1.3

0.0 3.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0

2.3 2.3 0.5 0.3 0.3 0.1 0.0 1.8 0.0 0.6 1.2 0.0 0.0 0.0

3.3 3.3 3.3 2.2 2.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.2 3.2 3.2 2.9 2.3 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.8 2.8 2.8 2.5 1.9 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 2.7 2.1 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 3.3 2.8 0.9 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.5 3.5 3.5 3.1 2.7 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.5 3.5 3.5 3.0 2.7 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 3.9 3.4 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.3

0.0 0.3

0.0 0.4

0.0 0.7

0.0 0.9

0.0 0.9

0.0 1.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.3 2.3 2.4 2.4 2.4 0.0 0.0 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

8.2 8.2 10.0 10.2 10.2 -0.1 0.0 -1.8 0.0 -0.6 -1.2 0.0 0.0 0.0

12.1 12.1 12.1 12.8 12.7 -0.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.5 -0.5 -0.5 -0.2 0.4 -0.3 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.7 1.3 -0.3 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-3.3 -3.3 -3.3 -2.7 -2.1 -0.6 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.5 2.5 2.5 2.7 3.2 -0.2 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.2 -0.2 -0.2 0.2 0.6 -0.4 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.7 -0.7 -0.7 -1.0 -0.6 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 1.1 1.6 -0.3 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 2.0

0.0 3.4

0.0 0.5

0.0 2.2

0.0 -0.4

0.0 5.0

0.0 2.1

0.0 0.4

0.0 2.0

5. LONG-TERM DEBT

442 SAMOA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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

2.3 2.3 1.4 0.3 0.3 1.1 0.1 0.9 0.3 0.4 0.2 0.0 0.0 0.0

1.2 1.2 1.1 0.7 0.7 0.4 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.4 1.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.3 1.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.4 1.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.3 1.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.2 1.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.3 1.3 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 0.1

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.4

0.0 0.4

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.3 2.3 2.4 2.4 2.4 0.0 0.0 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

5.9 5.9 8.6 9.9 9.9 -1.3 -0.1 -2.7 -0.3 -1.0 -1.4 0.0 0.0 0.0

10.9 10.9 11.0 12.0 12.0 -1.1 0.2 -0.1 -0.1 0.0 0.0 0.0 0.0 0.0

-2.0 -2.0 -2.0 -1.6 -1.0 -0.4 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.0 -1.0 -1.0 -0.6 0.1 -0.4 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-4.8 -4.8 -4.8 -4.1 -3.4 -0.7 -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.1 1.1 1.1 1.3 1.9 -0.3 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.5 -1.5 -1.5 -1.1 -0.6 -0.4 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-2.0 -2.0 -2.0 -2.2 -1.8 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.5 -0.5 -0.5 -0.2 0.3 -0.3 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 2.0

0.0 3.3

0.0 0.2

0.0 1.9

0.0 -0.7

0.0 4.7

0.0 1.7

0.0 0.0

0.0 1.6

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0

4.6 4.6 1.9 0.6 0.6 1.3 0.1 2.7 0.3 1.0 1.4 0.0 0.0 0.0

4.4 4.4 4.4 3.0 2.7 1.4 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0

4.7 4.7 4.7 4.3 3.6 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.2 4.2 4.2 3.8 3.1 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 4.1 3.4 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.6 5.6 5.6 4.6 4.1 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 4.4 3.9 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.8 4.8 4.8 4.3 3.9 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.6 5.6 5.6 5.2 4.7 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.2

0.0 0.6

0.0 0.6

0.0 0.7

0.0 1.0

0.0 1.3

0.0 1.3

0.0 1.4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.3 0.3 0.0

24.9 24.9 0.0

56.7 56.7 0.0

5.9 5.9 0.0

2.4 2.4 0.0

16.6 16.6 0.0

21.0 21.0 0.0

20.4 20.4 0.0

25.4 25.4 0.0

27.4 27.4 0.0

2.4 0.0 2.7 0.0

33.9 1.8 53.4 0.0

83.3 0.0 91.0 0.0

143.6 0.0 148.3 0.0

150.0 0.0 154.3 0.0

153.3 0.0 156.6 0.0

144.8 0.0 147.3 0.0

141.4 0.0 143.3 0.0

154.8 0.0 156.8 0.0

167.7 0.0 169.5 0.0

.. 0.0 0.2 0.0 0.0 0.0 38.3 40.4 12.9 8.2

2.5 .. .. 0.0 0.0 0.0 39.0 36.7 12.6 9.2

2.5 .. .. 0.0 0.0 0.0 38.9 37.9 12.6 8.2

2.3 .. .. 0.0 0.0 0.0 41.3 36.3 12.7 7.4

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0

.. 12.0 0.0 0.5 0.0 0.0 53.7 12.8 0.0 21.1

.. 1.7 0.1 0.0 0.0 0.0 38.6 43.9 1.3 14.4

.. 0.0 0.2 0.0 0.0 0.0 34.9 41.3 12.8 10.7

.. 0.0 0.2 0.0 0.0 0.0 35.6 40.9 13.3 10.0

.. 0.0 0.2 0.0 0.0 0.0 34.3 43.8 13.0 8.7

443 SAMOA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 18.3 -10.6 23.7 12.3 8.4 11.3 3.4 18.2 6.8 .. -0.1 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 3.6 0.1 .. 6.0 -15.4 2.0 5.4 .. 1.1 1.5 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

5.0 16.8 0.0 0.0 0.0 -10.2 -1.5

6.9 10.7 0.0 0.0 0.0 -7.6 3.8

30.0 15.8 0.0 0.0 0.0 12.6 1.6

130.9 118.9 0.0 0.0 0.0 17.1 -5.1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 2.3 .. .. .. .. ..

4.7 20.0 6.0 36.4

0.4 40.2 15.7 84.9

0.8 39.8 10.3 80.5

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 39.8 10.3 80.7

1.1 35.1 9.0 74.5

1.4 31.2 7.7 69.4

1.4 31.6 8.1 69.9

0.8 39.8 10.3 80.6

4.7 20.0 6.0 36.4

0.4 40.2 15.7 84.9

0.8 39.8 10.3 80.5

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.8 39.8 10.3 80.7

1.1 35.1 9.0 74.5

1.4 31.2 7.7 69.4

1.4 31.6 8.1 69.9

0.8 39.8 10.3 80.6

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

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

1 12 15 0 0 14 12 1 12 15 0 0 14 12 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

3 3 0

6 6 0

4 4 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

5.5 6.6 1.5

5.6 6.7 1.5

5.3 6.9 1.4

4.4 7.0 1.4

2.9 7.4 1.4

1.4 7.4 1.4

0.8 6.6 1.4

0.7 7.2 1.3

0.4 7.2 1.3

0.3 7.4 1.2

5.5 6.6 1.5

5.6 6.7 1.5

5.3 6.9 1.4

4.4 7.0 1.4

2.9 7.4 1.4

1.4 7.4 1.4

0.8 6.6 1.4

0.7 7.2 1.3

0.4 7.2 1.3

0.3 7.4 1.2

0.2 2.1 0.0

0.1 2.1 0.0

0.1 2.1 0.0

0.1 2.0 0.0

0.1 2.0 0.0

0.0 2.0 0.0

0.0 0.2 0.0

0.0 0.2 0.0

0.0 0.2 0.0

0.0 0.2 0.0

5.3 4.5 1.5

5.5 4.6 1.4

5.2 4.8 1.4

4.3 5.0 1.4

2.8 5.3 1.4

1.4 5.3 1.4

0.8 6.3 1.4

0.7 7.0 1.3

0.4 7.0 1.3

0.3 7.2 1.2

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 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 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

444 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

23.5 23.5 23.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

150.0 132.9 132.9 0.0 1.1 16.0 7.6 7.4 0.2 21.4 20.4 1.0

236.9 226.0 226.0 0.0 0.3 10.6 6.6 6.6 0.0 20.4 20.4 0.0

256.9 242.8 242.8 0.0 0.1 14.0 9.0 9.0 0.0 29.2 29.2 0.0

319.6 290.2 290.2 0.0 0.0 29.3 17.3 17.3 0.0 65.9 65.9 0.0

315.1 293.6 293.6 0.0 2.5 19.0 7.0 7.0 0.0 47.6 47.6 0.0

312.8 293.4 293.4 0.0 2.4 16.9 6.9 6.9 0.0 47.3 47.3 0.0

333.4 307.9 307.9 0.0 2.6 22.9 7.9 7.9 0.0 43.4 43.4 0.0

337.5 326.1 326.1 0.0 2.8 8.6 8.6 8.6 0.0 45.2 45.2 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

9.9 9.9 0.0 0.9 0.9 0.0 7.0 -2.0 0.3 0.2 0.0 0.1 6.7 1.2 1.1 0.0 0.1

15.6 15.6 0.0 1.1 1.1 0.0 9.2 -5.3 1.7 1.2 0.0 0.5 7.4 2.8 2.3 0.0 0.5

5.1 5.1 0.0 1.9 1.6 0.2 5.2 2.0 1.7 1.5 0.0 0.2 3.4 3.6 3.2 0.2 0.2

6.6 6.6 0.0 2.2 2.0 0.2 5.4 1.0 1.6 1.3 0.0 0.3 3.8 3.8 3.3 0.2 0.3

16.1 16.1 0.0 2.7 2.6 0.1 20.4 7.0 1.7 1.4 0.0 0.3 18.7 4.4 4.0 0.1 0.3

11.1 8.6 2.5 2.2 2.2 0.0 8.9 0.0 2.1 1.2 0.0 0.9 6.8 4.3 3.4 0.0 0.9

8.3 8.3 0.0 1.7 1.7 0.0 4.6 -2.0 2.4 1.8 0.0 0.5 2.2 4.1 3.5 0.0 0.5

3.9 3.9 0.0 2.3 2.3 0.0 6.5 5.0 2.5 2.1 0.0 0.3 4.0 4.8 4.5 0.0 0.3

4.4 4.4 0.0 3.8 3.8 0.0 -14.4 -15.0 2.8 2.6 0.0 0.2 -17.2 6.6 6.5 0.0 0.2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

11.7 9.0 0.0 0.0 2.7 1.3 11.7 0.0

41.1 14.4 0.0 0.0 26.7 7.0 41.3 -0.1

19.8 3.4 0.0 0.0 16.4 13.0 19.8 0.0

19.8 4.7 4.2 0.0 10.9 12.4 15.6 4.2

25.8 13.5 3.0 0.0 9.3 15.0 22.8 3.0

23.6 6.4 3.8 0.0 13.3 11.9 19.8 3.8

24.1 6.6 3.5 0.0 14.1 10.5 20.6 3.5

16.2 1.5 3.0 0.0 11.7 11.8 13.2 3.0

30.4 0.6 10.0 0.0 19.8 12.7 20.4 10.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

11.5 0.2 0.0 11.5 0.0

39.9 1.2 0.0 40.1 -0.2

18.3 1.5 0.0 18.3 0.0

18.5 1.3 0.0 14.3 4.2

24.4 1.4 0.0 21.4 3.0

22.3 1.2 0.0 18.5 3.8

22.3 1.8 0.0 18.8 3.5

14.1 2.1 0.0 11.1 3.0

27.7 2.6 0.0 17.7 10.0

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

49.2 23.3 1.0 22.0 .. 0.7

52.5 8.2 0.0 22.4 .. -12.0

35.8 11.8 1.0 32.4 9.7 -10.5

42.2 16.9 1.0 39.1 10.9 -16.3

43.5 16.7 0.0 39.7 11.6 -19.1

43.3 16.7 1.0 41.1 15.5 -21.0

46.4 19.2 1.0 46.2 17.4 -22.8

50.2 21.3 1.0 49.4 25.5 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

100.7 47.6 5.0 1.1 0.5 .. .. 0.0 83.6 45.0

1,820.9 286.0 34.4 20.7 3.3 .. .. 10.7 71.7 48.4

2,176.9 717.5 32.1 13.6 4.5 3.8 3.6 5.5 91.9 65.1

1,887.1 756.4 25.8 9.8 3.9 3.4 3.3 9.2 88.8 53.2

1,885.3 724.2 25.8 12.7 4.9 3.7 3.5 6.0 88.3 53.7

1,876.5 722.3 24.3 14.1 5.4 5.0 4.5 5.4 88.4 54.0

1,738.7 717.9 25.2 13.1 5.4 5.2 4.5 6.9 86.6 55.3

1,586.7 671.7 31.2 13.3 5.6 7.5 6.2 2.6 90.4 59.2

3. MAJOR ECONOMIC AGGREGATES 39.1 .. 0.0 .. 12.4 ..

4. DEBT INDICATORS .. 606.1 .. .. 4.5 5.2 .. 4.5 92.4 63.6

445 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

23.5 23.5 23.1 10.6 10.6 12.6 9.1 0.4 0.0 0.0 0.4 0.0 0.0 0.0

132.9 132.9 131.7 72.6 69.1 59.2 38.6 1.1 0.0 0.0 1.1 0.0 0.0 0.0

.. ..

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

226.0 226.0 226.0 150.7 149.2 75.3 69.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

242.8 242.8 242.8 167.2 165.9 75.6 70.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

290.2 290.2 290.2 170.0 168.7 120.2 115.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

293.6 293.6 293.6 169.3 165.6 124.3 112.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

293.4 293.4 293.4 168.8 164.7 124.6 111.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

307.9 307.9 307.9 184.5 179.7 123.4 108.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

326.1 326.1 326.1 200.0 194.6 126.1 110.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 23.9

0.0 57.4

0.0 61.3

0.0 60.7

0.0 58.9

0.0 61.0

0.0 65.6

0.0 71.4

9.9 9.9 9.9 6.5 6.5 3.4 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

15.6 15.6 15.6 12.8 11.7 2.7 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.1 5.1 5.1 5.1 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.6 6.6 6.6 6.4 6.4 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.1 16.1 16.1 15.5 11.0 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.6 8.6 8.6 8.4 5.8 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.3 8.3 8.3 8.1 7.2 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.9 3.9 3.9 3.1 2.9 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.4 4.4 4.4 4.4 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 5.4

0.0 1.5

0.0 1.9

0.0 1.0

0.0 1.7

0.0 5.0

0.0 0.9

0.0 0.7

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.9 0.9 0.9 0.0 0.0 0.9 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.1 1.1 1.0 0.4 0.4 0.6 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0

1.6 1.6 1.6 1.3 1.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.0 2.0 2.0 1.4 1.2 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.6 1.7 1.5 0.9 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 1.9 1.6 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 1.6 1.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.3 2.3 2.3 1.6 1.4 0.7 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.8 3.8 3.8 2.1 1.7 1.7 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.5

0.0 0.2

0.0 0.0

0.0 0.1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

9.0 9.0 9.0 6.5 6.5 2.5 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.4 14.4 14.6 12.4 11.3 2.2 2.7 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

3.4 3.4 3.4 3.8 3.9 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.7 4.7 4.7 5.0 5.2 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.5 13.5 13.5 13.7 9.5 -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.4 6.4 6.4 6.6 4.2 -0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.6 6.6 6.6 6.5 5.8 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.5 1.5 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.6 0.6 0.6 2.3 2.7 -1.7 -1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 5.4

0.0 1.3

0.0 1.7

0.0 0.7

0.0 1.3

0.0 4.8

0.0 0.9

0.0 0.6

5. LONG-TERM DEBT

446 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.2 0.2 0.2 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.1 0.3 0.3 0.9 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

1.5 1.5 1.5 1.0 1.0 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.2 1.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.4 1.4 1.4 1.2 1.2 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.2 1.2 1.2 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 0.5 0.5 1.4 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 0.9 0.8 1.3 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.6 1.0 0.9 1.7 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.4

0.0 0.4

0.0 0.4

0.0 0.5

0.0 0.2

0.0 0.0

0.0 0.2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

8.8 8.8 8.8 6.5 6.5 2.4 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.2 13.2 13.4 12.1 11.0 1.3 2.7 -0.2 0.0 0.0 -0.2 0.0 0.0 0.0

1.9 1.9 1.9 2.8 3.0 -0.9 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 3.8 4.0 -0.5 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.1 12.1 12.1 12.5 8.3 -0.4 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.2 5.2 5.2 5.3 3.0 -0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.7 4.7 4.7 6.0 5.3 -1.3 -0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.6 -0.6 -0.6 0.6 0.7 -1.2 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-2.1 -2.1 -2.1 1.3 1.8 -3.4 -2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 5.3

0.0 0.9

0.0 1.3

0.0 0.3

0.0 0.8

0.0 4.6

0.0 0.9

0.0 0.4

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.1 1.1 1.1 0.0 0.0 1.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.3 2.3 2.2 0.7 0.7 1.4 0.1 0.2 0.0 0.0 0.2 0.0 0.0 0.0

3.2 3.2 3.2 2.3 2.1 0.9 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.3 3.3 3.3 2.6 2.4 0.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.0 4.0 4.0 2.9 2.7 1.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.4 3.4 3.4 3.1 2.9 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.5 3.5 3.5 2.1 1.8 1.5 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.5 4.5 4.5 2.5 2.2 1.9 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.5 6.5 6.5 3.1 2.6 3.4 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.1

0.0 0.6

0.0 0.7

0.0 0.6

0.0 0.9

0.0 0.4

0.0 0.0

0.0 0.3

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

32.1 32.1 0.0

87.5 87.5 0.0

50.4 50.4 0.0

45.2 45.2 0.0

25.4 25.4 0.0

32.8 32.8 0.0

35.9 35.9 0.0

35.7 35.7 0.0

39.3 39.3 0.0

.. .. .. ..

19.6 0.0 23.5 0.0

107.6 0.0 132.9 0.0

218.8 0.0 226.0 0.0

236.1 0.0 242.8 0.0

283.8 0.0 290.2 0.0

278.1 7.1 293.6 0.0

276.6 8.0 293.4 0.0

288.6 10.5 307.9 0.0

305.0 11.7 326.1 0.0

.. 0.0 2.2 0.0 0.0 4.5 43.5 36.4 0.0 13.4

3.8 .. .. 0.0 0.0 4.4 44.5 35.2 0.0 12.1

4.6 .. .. 0.0 0.0 5.1 44.8 35.7 0.0 9.8

5.2 .. .. 0.0 0.0 5.4 43.2 36.1 0.1 10.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. 0.0 0.0 0.0 0.0 0.0 63.1 0.0 0.0 36.9

.. 0.0 4.0 0.0 0.0 0.0 39.3 43.6 0.0 13.2

.. 0.0 3.5 0.0 0.0 0.0 44.8 46.0 0.0 5.7

.. 0.0 3.4 0.0 0.0 0.0 43.0 45.6 0.0 8.0

.. 0.0 2.3 0.0 0.0 4.7 43.4 38.2 0.0 11.4

447 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 0.0 11.2 0.0 7.8 .. 0.0 2.1 0.0 7.3 .. 0.0 2.6 0.0 8.3 .. 0.0 2.6 0.0 8.3 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.2 .. 0.0 0.0 0.0 0.2 .. 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 8. DEBT STOCK-FLOW RECONCILIATION 2.8 20.0 62.6 .. 15.6 5.2 5.4 20.4 7.0 9.2 8.3 .. 1.3 0.8 2.5 .. 0.0 0.0 0.0 0.2 .. 0.0 0.0 0.0 0.0 -3.2 7.9 .. 2.3 -7.5 25.9 .. 2.9 4.4 15.3 9. AVERAGE TERMS OF NEW COMMITMENTS

23.5 2.4 13.7 13.7 0.0 9.8 9.8 0.0 4.8 1.7 4.8 0.0

1.7 0.0 0.7 0.7 0.0 1.0 1.0 0.0 1.4 1.0 0.0 0.0

3.5 0.0 2.4 2.4 0.0 1.0 1.0 0.0 2.1 0.8 0.0 0.0

1.7 0.0 1.0 1.0 0.0 0.4 0.4 0.0 2.1 0.5 0.0 0.0

-4.5 8.9 -10.3 9.8 -9.7 -7.6 4.4

-2.3 4.6 -0.1 1.0 -1.4 -7.6 1.2

20.6 6.5 1.0 1.0 -2.1 2.2 12.1

4.1 -14.4 0.7 0.4 -2.1 7.6 12.0

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

4.0 11.1 4.4 31.5

0.8 35.8 10.1 76.6

1.6 38.1 8.6 68.1

2.1 12.8 4.4 41.2

0.0 0.0 0.0 0.0

1.0 39.5 9.6 77.3

0.8 41.1 11.3 81.1

0.9 20.8 7.8 63.6

0.8 49.9 10.4 83.3

.. .. .. ..

4.0 11.1 4.4 31.5

0.8 35.8 10.1 76.6

1.6 38.1 8.6 68.1

2.1 12.8 4.4 41.2

0.0 0.0 0.0 0.0

1.0 39.5 9.6 77.3

0.8 41.1 11.3 81.1

0.9 20.8 7.8 63.6

0.8 49.9 10.4 83.3

.. .. .. ..

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

0.0 0.0 0.0 0.0

.. 8 36 9 0 0 17 .. 8 36 9 0 0 17 .. 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

12 12 0

2 2 0

5 5 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

10.7 8.9 4.0

8.3 10.2 3.9

5.7 10.3 3.8

3.7 11.1 3.6

2.3 11.8 3.5

1.4 12.0 3.4

1.1 12.0 3.2

0.4 12.2 3.0

0.0 12.9 2.9

0.0 12.6 2.7

10.7 8.9 4.0

8.3 10.2 3.9

5.7 10.3 3.8

3.7 11.1 3.6

2.3 11.8 3.5

1.4 12.0 3.4

1.1 12.0 3.2

0.4 12.2 3.0

0.0 12.9 2.9

0.0 12.6 2.7

0.0 4.1 2.2

0.0 5.2 2.1

0.0 5.2 2.0

0.0 5.1 1.9

0.0 5.0 1.8

0.0 5.0 1.7

0.0 4.9 1.6

0.0 4.9 1.5

0.0 4.9 1.4

0.0 4.4 1.3

10.7 4.8 1.8

8.3 5.0 1.8

5.7 5.2 1.8

3.7 6.1 1.7

2.3 6.8 1.7

1.4 7.0 1.6

1.1 7.1 1.6

0.4 7.3 1.5

0.0 8.0 1.5

0.0 8.2 1.4

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 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 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

448 SENEGAL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

145 145 114 31 0 0 0 0 0 0 0 0 0

1,473 1,114 1,105 9 140 219 0 0 0 0 0 0 0

3,739 3,003 2,943 60 314 421 4 3 0 0 0 0 812

3,789 3,284 3,229 55 292 213 2 2 0 7 1 6 493

4,070 3,504 3,482 22 293 273 2 2 0 8 1 7 234

3,944 3,364 3,350 14 272 308 2 2 0 7 2 6 205

3,606 3,205 3,192 13 255 147 2 1 0 24 18 6 174

3,665 3,214 3,163 51 248 203 2 1 0 20 15 5 138

4,121 3,575 3,541 33 253 294 2 2 0 22 15 6 237

4,418 4,023 3,983 40 240 156 2 2 0 22 15 7 241

20 20 0 9 9 0 11 0 2 2 0 0 8 12 12 0 0

395 327 68 165 156 8 246 16 95 67 3 24 151 259 223 12 24

252 223 29 197 142 55 222 167 128 84 15 29 94 325 226 70 29

304 255 49 160 97 63 175 31 90 76 3 11 85 250 173 66 11

333 284 48 216 156 60 176 60 107 90 2 15 69 324 246 63 15

102 83 20 162 130 33 -25 35 77 59 1 17 -102 240 189 34 17

161 142 19 148 127 21 -148 -161 77 58 1 17 -224 224 185 22 17

287 258 30 147 125 23 196 56 66 57 1 8 130 213 181 24 8

251 240 12 145 122 23 198 91 75 66 1 7 123 219 189 24 7

242 237 5 164 132 32 -61 -138 80 73 1 5 -140 244 206 33 5

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

32 11 5 0 16 21 22 10

262 170 15 0 77 123 244 18

692 81 57 1 553 175 649 43

581 158 176 8 238 154 382 199

454 128 71 3 252 133 396 58

489 -47 157 3 376 126 335 154

331 15 72 -2 246 124 259 73

314 133 38 -5 148 141 234 80

395 117 80 3 194 159 310 85

339 105 78 0 156 205 260 79

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

29 2 0 19 10

161 67 34 223 -62

548 84 60 578 -30

488 76 17 307 181

319 90 45 307 12

356 59 74 277 80

189 58 84 201 -12

184 57 73 180 4

236 66 93 245 -9

186 73 80 190 -4

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

855 .. 0 .. 22 ..

2,887 905 77 1,337 25 -386

4,596 1,560 147 1,888 431 -247

4,658 1,656 186 2,006 403 -320

4,283 1,571 233 1,938 384 -332

4,523 1,728 305 2,014 447 -245

4,852 1,887 344 2,276 637 -317

6,404 2,348 344 2,875 795 -433

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 17.0 .. .. 0.3 15.2 .. 0.0 59.8 9.2

162.7 51.0 28.7 10.5 3.3 1.7 0.2 14.9 27.1 17.9

260.8 88.5 20.7 6.9 2.3 10.6 2.7 6.7 71.4 49.8

238.1 84.7 14.5 4.7 1.7 10.2 2.4 7.8 71.5 49.8

229.5 84.2 14.3 4.9 1.8 10.6 2.4 4.1 75.6 52.9

212.1 81.0 12.3 3.8 1.5 12.2 2.7 5.5 75.0 53.1

218.4 84.9 11.6 3.9 1.5 15.5 3.4 7.1 75.5 54.1

188.2 69.0 10.4 3.4 1.2 18.0 3.3 3.5 79.8 58.4

3. MAJOR ECONOMIC AGGREGATES 5,502 1,628 142 2,053 22 -363

4,302 1,437 150 1,708 386 -185

4. DEBT INDICATORS 229.7 67.9 20.0 7.9 2.3 0.6 0.1 11.3 52.7 36.5

263.8 88.1 17.4 6.3 2.1 10.2 2.7 5.6 66.1 49.3

449 SENEGAL (US$ million, unless otherwise indicated) 1970

1980

1990

145 114 100 13 9 87 78 14 0 0 14 31 0 31

1,114 1,105 653 263 179 390 221 452 4 129 319 9 0 9

3,003 2,943 2,762 1,366 1,153 1,396 818 181 0 129 52 60 0 60

2 9

57 100

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

20 19 12 5 4 7 7 7 0 0 7 1 0 1

1997

1998

1999

2000

2001

2002

2003

3,284 3,229 3,221 1,867 1,662 1,354 843 8 0 7 1 55 0 55

3,504 3,482 3,475 2,027 1,824 1,448 1,081 8 0 7 1 22 0 22

3,364 3,350 3,344 1,964 1,789 1,380 1,032 6 0 6 0 14 0 14

3,205 3,192 3,182 1,908 1,762 1,274 966 10 0 10 0 13 0 13

3,214 3,163 3,144 1,945 1,815 1,199 933 19 0 17 2 51 0 51

3,575 3,541 3,519 2,230 2,107 1,288 1,004 23 0 19 3 33 0 33

4,023 3,983 3,958 2,582 2,439 1,376 1,088 25 0 21 4 40 0 40

88 747

14 1,187

9 1,301

4 1,310

1 1,330

0 1,384

0 1,578

0 1,806

327 327 186 93 63 94 50 141 0 23 117 0 0 0

223 208 207 136 127 72 72 0 0 0 0 15 0 15

255 234 234 126 125 108 101 0 0 0 0 21 0 21

284 283 283 157 143 125 59 0 0 0 0 2 0 2

83 82 82 72 70 10 10 0 0 0 0 1 0 1

142 141 136 121 114 15 15 5 0 5 0 1 0 1

258 202 193 170 165 23 20 10 0 7 3 55 0 55

240 230 227 185 180 42 42 3 0 1 2 10 0 10

237 223 219 184 173 35 35 3 0 2 1 14 0 14

1 4

18 12

0 117

0 60

0 85

0 49

0 92

0 119

0 114

0 107

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9 7 6 0 0 6 5 0 0 0 0 3 0 3

156 152 19 3 0 16 7 133 0 58 74 4 0 4

142 130 111 58 29 53 25 19 0 8 11 12 0 12

97 92 90 42 20 48 27 2 0 0 1 5 0 5

156 139 139 72 42 67 47 1 0 0 1 17 0 17

130 123 123 78 53 45 36 0 0 0 0 7 0 7

127 124 124 67 49 57 39 0 0 0 0 3 0 3

125 108 108 44 32 63 50 0 0 0 0 17 0 17

122 112 111 44 31 67 50 1 0 0 1 10 0 10

132 118 115 42 37 73 52 3 0 2 1 14 0 14

0 0

2 0

13 3

7 8

5 11

4 12

3 11

1 10

0 6

0 13

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 13 6 4 4 1 2 7 0 0 7 -2 0 -2

170 175 167 90 63 77 43 8 0 -35 43 -4 0 -4

81 78 96 77 98 19 47 -19 0 -8 -11 4 0 4

158 142 143 84 105 60 74 -2 0 0 -1 16 0 16

128 143 144 85 101 59 12 -1 0 0 -1 -15 0 -15

-47 -42 -41 -7 17 -35 -26 0 0 0 0 -5 0 -5

15 17 12 54 65 -42 -24 5 0 5 0 -1 0 -1

133 94 85 125 134 -40 -30 9 0 7 2 39 0 39

117 118 116 141 149 -25 -8 2 0 1 1 0 0 0

105 104 104 142 136 -38 -17 0 0 0 0 0 0 0

1 4

16 12

-13 114

-7 52

-5 74

-4 37

-3 81

-1 109

0 108

0 95

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

450 SENEGAL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

2 2 2 0 0 2 1 0 0 0 0 0 0 0

67 67 22 6 1 15 6 45 0 23 22 0 0 0

84 82 71 26 9 45 20 10 0 7 3 3 0 3

76 75 75 27 15 48 16 0 0 0 0 1 0 1

90 89 89 36 18 53 20 0 0 0 0 1 0 1

59 58 58 29 17 29 17 0 0 0 0 1 0 1

58 58 58 25 16 33 24 0 0 0 0 0 0 0

57 53 53 19 15 34 20 0 0 0 0 4 0 4

66 65 65 28 18 37 25 0 0 0 0 1 0 1

73 71 70 26 19 45 27 1 0 1 0 2 0 2

0 0

4 1

6 4

2 9

1 9

1 9

0 8

0 9

0 10

0 12

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8 10 3 4 4 -1 1 7 0 0 7 -2 0 -2

103 108 146 84 62 62 37 -38 -1 -58 21 -5 0 -5

-3 -4 25 51 88 -27 27 -29 0 -15 -14 1 0 1

82 67 69 56 91 12 58 -2 0 0 -2 15 0 15

38 54 55 49 83 5 -8 -1 0 0 -1 -16 0 -16

-106 -100 -99 -36 0 -63 -43 0 0 0 0 -6 0 -6

-43 -41 -46 29 50 -75 -48 5 0 5 0 -2 0 -2

76 41 32 106 119 -74 -50 9 0 7 2 35 0 35

51 53 51 114 131 -62 -33 2 0 1 1 -2 0 -2

31 33 34 117 117 -83 -43 -1 0 -1 0 -1 0 -1

1 4

12 11

-19 110

-9 44

-7 65

-5 27

-3 73

-1 100

0 98

0 83

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 9 9 0 0 8 6 1 0 0 0 3 0 3

223 219 41 9 1 32 13 178 1 81 96 5 0 5

226 212 183 84 38 98 45 29 0 15 14 14 0 14

173 167 165 70 35 96 43 2 0 0 2 6 0 6

246 229 228 108 59 120 67 1 0 0 1 17 0 17

189 181 181 108 70 73 53 0 0 0 0 7 0 7

185 182 182 92 65 90 63 0 0 0 0 3 0 3

181 161 161 63 46 98 70 0 0 0 0 20 0 20

189 177 176 72 48 104 74 1 0 0 1 12 0 12

206 190 186 68 56 118 78 4 0 3 1 16 0 16

0 0

6 1

19 7

9 17

7 20

5 21

3 19

1 19

0 16

0 24

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

42 37 5

604 563 41

976 966 9

804 804 0

807 807 0

902 902 0

1,049 1,043 5

1,209 1,205 4

1,227 1,225 2

1,296 1,295 0

87 31 112 33

400 141 1,079 35

1,971 140 2,906 97

2,505 242 3,229 55

2,905 268 3,482 22

2,820 231 3,350 14

2,728 199 3,192 13

2,748 220 3,163 51

3,111 207 3,541 33

3,527 226 3,983 40

.. 1.4 12.1 3.1 0.1 0.2 45.1 10.2 1.4 26.4

19.6 .. .. 2.5 0.1 0.1 47.6 9.3 1.4 19.2

20.1 .. .. 2.2 0.1 0.1 48.0 8.7 1.4 19.3

20.9 .. .. 1.9 0.1 0.1 48.6 8.5 1.9 18.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 23.5 26.9 0.0 0.0 0.0 1.7 2.0 0.0 45.9

.. 4.6 39.3 0.0 0.8 0.3 23.0 6.7 0.0 25.4

.. 1.3 25.7 1.5 0.2 0.9 32.9 8.6 0.4 28.3

.. 1.3 14.7 2.8 0.2 0.3 40.5 11.9 1.0 27.3

.. 1.6 13.8 2.9 0.1 0.3 40.6 11.1 1.2 28.4

.. 1.3 12.6 3.5 0.1 0.2 42.3 10.9 1.3 27.6

451 SENEGAL (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 111 12 306 30 .. 0 0 305 0 .. 76 4 0 1 .. 57 4 0 1 .. 18 0 0 0 .. 27 1 0 0 .. 23 1 0 0 .. 4 0 0 0 .. 18 4 0 0 .. 0 0 0 0 .. 0 0 16 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 22 280 -126 .. 465 176 -25 246 222 175 .. -7 0 0 0 .. 27 1 0 0 .. -18 -4 -16 0 -178 -184 .. 30 -506 298 83 .. 211 356 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 12 10 0 0

0 0 0 0 0 0 0 0 21 7 0 0

0 0 0 0 0 0 0 0 26 2 0 0

7 7 0 0 0 0 0 0 23 2 0 0

-338 -148 0 0 -12 -163 -14

58 196 0 0 -21 -102 -15

456 198 1 0 -26 253 31

297 -61 0 0 -23 334 47

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 11 .. .. .. .. ..

3.9 23.2 6.8 43.8

5.9 20.0 5.6 30.2

1.9 33.5 8.7 66.2

1.8 33.9 8.6 66.5

2.7 36.7 7.9 61.0

0.9 40.9 9.8 78.7

0.9 38.5 9.6 77.3

1.3 33.1 8.0 69.7

1.7 34.3 9.5 68.3

1.4 37.9 8.8 72.2

2.3 30.6 8.8 59.6

5.4 21.3 6.0 33.7

1.9 33.8 8.8 66.8

1.8 33.9 8.6 66.5

2.7 36.7 7.9 61.0

0.9 40.9 9.8 78.7

0.7 39.8 9.9 79.8

1.1 33.6 8.1 70.9

1.7 34.4 9.5 68.5

1.3 38.1 8.8 72.8

7.5 5.9 2.2 6.8

10.8 8.3 2.5 -0.7

8.3 10.1 2.6 6.6

7.8 8.6 1.1 7.1

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

5.4 8.7 2.0 18.1

7.1 7.3 0.5 7.9

3.0 9.3 2.8 29.4

6.9 7.2 0.5 8.6

7 469 365 261 260 215 250 5 421 361 261 260 215 240 2 48 4 0 0 0 10 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

402 395 8

158 157 1

180 179 2

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

286 286 74

268 182 72

210 174 69

158 168 67

124 170 64

87 169 62

57 174 59

39 164 56

24 156 53

12 157 51

286 277 72

268 173 70

210 165 68

158 159 66

124 161 64

87 162 61

57 168 59

39 164 56

24 156 53

12 157 51

66 189 42

41 86 40

25 76 37

13 69 35

8 67 34

4 63 32

4 55 30

3 46 29

1 45 27

0 44 26

220 88 30

227 87 31

186 90 31

145 90 31

116 94 30

82 100 30

53 113 28

37 117 27

23 111 26

12 113 25

0 9 2

0 9 2

0 9 1

0 9 1

0 9 1

0 6 0

0 6 0

0 0 0

0 0 0

0 0 0

0 3 1

0 3 1

0 3 0

0 3 0

0 3 0

0 1 0

0 0 0

0 0 0

0 0 0

0 0 0

0 6 1

0 6 1

0 6 1

0 6 1

0 6 0

0 6 0

0 6 0

0 0 0

0 0 0

0 0 0

452 SERBIA AND MONTENEGRO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

10,968 7,124 6,148 976 76 3,769 1,755 812 943 3,961 2,964 997 582

11,250 7,243 6,500 743 79 3,928 2,619 1,597 1,022 4,955 3,851 1,104 1,620

11,253 6,845 6,234 611 76 4,332 3,190 2,101 1,089 4,889 3,664 1,225 1,965

11,851 6,828 6,217 611 152 4,871 3,981 2,833 1,148 5,314 3,678 1,636 1,918

12,769 6,882 6,226 656 273 5,614 4,589 3,442 1,148 6,199 4,563 1,636 1,901

12,423 9,429 8,523 906 567 2,427 1,407 218 1,189 1,574 146 1,428 1,676

14,885 11,227 9,679 1,548 917 2,741 1,896 233 1,663 1,709 182 1,528 2,001

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

0 0 0 0 0 0 1,728 1,728 53 0 0 53 1,676 53 0 0 53

0 0 0 0 0 0 -705 -705 65 0 0 65 -770 65 0 0 65

0 0 0 1 0 1 -168 -167 41 0 0 41 -209 42 0 1 41

376 222 154 73 0 73 51 -252 47 0 29 18 4 120 0 102 18

325 198 127 31 31 0 429 135 76 16 7 52 353 107 47 7 52

861 603 259 79 79 0 777 -5 167 123 12 33 610 247 202 12 33

1,759 1,480 280 592 592 0 992 -175 331 288 13 30 661 923 880 13 30

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

872 0 740 0 132 34 132 740

288 0 113 0 175 43 175 113

1,202 0 112 0 1,090 45 1,090 112

1,545 222 25 0 1,298 125 1,485 60

1,546 167 165 0 1,214 224 1,371 175

3,364 523 475 0 2,366 298 2,687 677

3,240 888 1,360 0 992 318 1,778 1,462

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

872 0 0 132 740

288 0 0 175 113

1,202 0 0 1,090 112

1,545 0 0 1,485 60

1,530 16 0 1,355 175

3,241 123 0 2,587 654

2,951 288 0 1,561 1,391

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

.. 5,037 0 5,319 .. -660

9,800 3,138 0 3,622 .. -764

8,614 3,732 0 4,046 .. -327

11,550 4,489 1,397 5,234 .. -528

15,570 5,392 1,397 7,030 .. -1,384

20,492 6,766 1,397 8,972 .. -2,121

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

223.3 .. 1.3 1.3 .. .. .. 34.9 2.9 13.5

358.6 114.8 1.3 1.3 0.4 .. .. 38.5 2.6 13.2

317.6 137.6 3.2 1.3 0.5 .. .. 41.1 2.3 12.1

284.5 110.6 2.4 1.7 0.7 .. .. 44.0 2.2 10.7

230.4 79.8 4.6 3.1 1.1 .. .. 19.5 21.3 25.9

220.0 72.6 13.6 4.9 1.6 .. .. 18.4 24.7 26.0

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

.. 4,295 0 5,222 .. -1,279

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

255.4 .. 1.2 1.2 .. .. .. 34.4 2.8 11.4

453 SERBIA AND MONTENEGRO (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

7,124 6,148 4,167 1,251 0 2,916 307 1,981 0 1,974 7 976 0 976

7,243 6,500 4,550 1,520 0 3,029 324 1,950 0 1,943 7 743 0 743

6,845 6,234 4,298 1,484 0 2,815 288 1,935 0 1,928 7 611 0 611

6,828 6,217 4,282 1,440 0 2,842 272 1,935 0 1,928 7 611 0 611

6,882 6,226 4,281 1,369 0 2,912 277 1,945 0 1,938 7 656 0 656

9,429 8,523 6,081 3,213 167 2,868 2,482 2,442 0 2,442 0 906 0 906

11,227 9,679 7,603 3,865 334 3,738 3,343 2,077 0 2,075 2 1,548 0 1,548

.. ..

1,112 0

1,148 0

1,132 0

1,097 0

1,085 0

2,251 167

2,605 284

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

222 222 187 0 0 187 0 35 0 0 35 0 0 0

198 198 187 8 0 179 15 11 0 11 0 0 0 0

603 325 325 230 159 95 64 0 0 0 0 277 0 277

1,480 854 852 239 140 613 608 1 0 0 1 626 0 626

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 159

0 95

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

31 31 30 0 0 30 0 1 0 1 0 0 0 0

79 4 4 4 0 0 0 0 0 0 0 75 0 75

592 434 66 64 0 2 0 367 0 367 0 158 0 158

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

222 222 187 0 0 187 0 35 0 0 35 0 0 0

167 167 157 8 0 149 15 10 0 10 0 0 0 0

523 321 321 226 159 95 64 0 0 0 0 202 0 202

888 420 786 175 140 611 608 -366 0 -367 1 468 0 468

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 159

0 95

5. LONG-TERM DEBT

454 SERBIA AND MONTENEGRO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

16 16 16 5 0 12 0 0 0 0 0 0 0 0

123 100 100 84 0 15 14 0 0 0 0 23 0 23

288 247 217 159 1 58 55 30 0 30 0 41 0 41

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

5 0

75 0

104 1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

222 222 187 0 0 187 0 35 0 0 35 0 0 0

150 150 140 3 0 137 15 10 0 10 0 0 0 0

400 221 221 141 159 80 50 0 0 0 0 179 0 179

600 173 569 16 139 553 553 -396 0 -398 1 427 0 427

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

-5 0

-75 159

-104 94

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

47 47 46 5 0 42 0 1 0 1 0 0 0 0

202 104 104 89 0 15 14 0 0 0 0 98 0 98

880 681 283 223 1 60 55 398 0 398 0 199 0 199

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

5 0

75 0

104 1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

187 187 0

0 0 0

300 300 0

299 299 0

629 629 0

1,006 1,006 0

1,171 1,083 88

.. .. .. ..

.. .. .. ..

.. .. .. ..

307 4,911 6,059 1,065

324 4,697 6,409 834

288 4,452 6,148 696

272 4,443 6,134 694

277 4,601 6,158 724

2,649 7,319 8,523 906

3,677 8,773 9,679 1,548

.. 7.5 5.7 2.0 0.5 2.7 25.1 48.8 0.0 7.7

18.0 .. .. 1.7 0.5 2.7 27.6 48.5 0.0 1.1

17.8 .. .. 0.0 0.0 1.6 63.1 17.2 0.0 0.3

22.1 .. .. 0.0 0.2 1.6 62.5 13.2 0.0 0.4

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 9.0 7.2 1.7 0.8 3.1 19.4 49.6 0.0 9.2

.. 9.1 6.8 1.9 0.7 3.1 21.8 47.4 0.0 9.1

.. 8.1 6.1 2.2 0.5 2.8 22.7 49.2 0.0 8.3

455 SERBIA AND MONTENEGRO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 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 8. DEBT STOCK-FLOW RECONCILIATION .. .. 1,207 282 3 -168 .. .. 1,728 -705 571 .. .. 90 864 .. .. 0 0 0 .. .. 0 0 0 .. .. -318 163 -253 .. .. -294 -41 -147 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 0 0 0 0

215 0 52 52 0 134 134 0 0 0 0 0

4,848 957 1,306 1,303 3 1,382 1,380 2 858 0 114 0

0 0 6 6 0 0 0 0 0 0 0 0

599 51 791 0 0 -164 -80

918 429 608 134 0 -30 -223

-346 777 -3,183 1,382 -972 369 1,280

2,462 992 489 0 0 847 134

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

6.6 8.4 2.2 12.3

4.1 14.9 4.9 36.1

6.6 19.1 5.0 20.3

2.5 19.4 7.2 51.8

2.4 19.7 6.7 51.6

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

6.6 8.4 2.2 12.3

0.4 23.2 7.8 65.1

6.6 19.1 5.0 20.3

2.5 19.4 7.2 51.8

2.5 21.0 7.1 53.6

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

7.8 6.4 1.9 6.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

1.6 7.1 3.4 32.1

.. .. .. 0 0 300 71 .. .. .. 0 0 300 36 .. .. .. 0 0 0 35 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

676 676 0

591 591 0

876 795 81

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

391 497 283

226 817 269

138 717 250

68 507 237

35 447 226

18 452 212

9 350 202

6 351 192

4 732 154

3 433 145

391 126 219

226 220 219

138 244 216

68 321 208

35 396 196

18 414 183

9 336 171

6 339 162

4 379 154

3 433 145

80 60 117

51 49 117

31 44 118

17 111 117

9 185 115

2 202 110

2 176 106

0 175 101

0 182 97

0 185 92

312 66 102

176 170 102

107 199 98

51 210 90

26 211 82

16 211 73

7 159 65

6 164 61

4 198 57

3 248 52

0 371 63

0 597 50

0 473 34

0 186 29

0 51 30

0 38 29

0 14 31

0 12 30

0 352 0

0 0 0

0 367 21

0 367 13

0 367 6

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 4 43

0 230 37

0 106 29

0 186 29

0 51 30

0 38 29

0 14 31

0 12 30

0 352 0

0 0 0

456 SEYCHELLES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

84.1 25.1 25.1 0.0 0.0 59.0 0.0 0.0 0.0 0.0 0.0 0.0

183.1 137.1 137.1 0.0 0.0 46.0 1.2 0.6 0.7 9.3 7.1 2.1

189.2 170.6 170.6 0.0 0.0 18.6 4.6 3.2 1.5 25.4 14.9 10.4

244.8 202.3 202.3 0.0 0.0 42.5 4.6 3.6 1.0 23.5 14.1 9.4

254.3 213.2 213.2 0.0 0.0 41.0 4.2 3.4 0.8 21.5 13.5 8.1

395.4 310.9 310.9 0.0 0.0 84.5 5.5 5.5 0.0 22.2 22.2 0.0

501.6 401.8 401.8 0.0 0.0 99.9 8.9 8.8 0.0 65.7 28.5 37.2

534.7 427.2 427.2 0.0 0.0 107.5 16.5 15.0 1.5 86.8 51.0 35.8

547.9 439.0 439.0 0.0 0.0 108.9 35.9 33.9 2.0 115.3 94.8 20.5

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

11.7 11.7 0.0 0.1 0.1 0.0 -390.3 -402.0 37.1 0.2 0.0 36.9 -427.5 37.2 0.3 0.0 36.9

13.2 13.2 0.0 12.7 12.7 0.0 10.7 10.2 9.0 5.5 0.0 3.6 1.6 21.7 18.2 0.0 3.6

19.1 19.1 0.0 9.8 9.8 0.0 16.4 7.1 5.4 4.9 0.0 0.5 11.0 15.2 14.6 0.0 0.5

36.8 36.8 0.0 14.3 14.3 0.0 46.3 23.8 7.9 6.6 0.0 1.3 38.4 22.3 21.0 0.0 1.3

39.2 39.2 0.0 16.8 16.8 0.0 21.3 -1.0 9.7 7.6 0.0 2.1 11.6 26.6 24.5 0.0 2.1

127.4 127.4 0.0 9.6 9.6 0.0 160.1 42.2 11.2 6.8 0.0 4.4 148.9 20.7 16.3 0.0 4.4

125.4 125.4 0.0 28.6 28.6 0.0 108.8 12.0 12.2 8.2 0.0 4.0 96.6 40.7 36.7 0.0 4.0

72.8 72.8 0.0 71.5 71.5 0.0 1.3 0.0 14.9 11.9 0.0 3.0 -13.5 86.4 83.4 0.0 3.0

56.0 56.0 0.0 64.6 64.6 0.0 -26.6 -18.0 14.7 12.7 0.0 2.0 -41.3 79.3 77.3 0.0 2.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

26.8 11.7 9.5 0.0 5.7 8.0 17.3 9.5

32.3 0.5 20.2 0.0 11.6 10.3 18.3 14.0

68.2 9.4 53.4 0.0 5.4 7.4 14.4 53.8

83.9 22.5 53.2 0.0 8.2 5.9 25.6 58.3

84.8 22.4 55.2 0.0 7.3 5.1 7.9 76.9

153.4 117.9 24.3 0.0 11.2 3.5 25.3 128.1

165.8 96.8 59.4 0.0 9.6 3.6 15.3 150.5

67.0 1.3 61.4 0.0 4.3 4.3 22.3 44.8

52.0 -8.6 58.0 0.0 2.6 6.3 30.6 21.3

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

19.0 0.2 7.6 17.1 1.9

18.5 5.5 8.3 14.8 3.7

57.2 4.9 6.1 10.7 46.6

71.3 6.6 6.0 20.7 50.5

69.6 7.6 7.6 3.1 66.5

134.5 6.8 12.1 23.3 111.2

129.7 8.2 27.9 14.6 115.1

-18.7 11.9 73.9 21.0 -39.8

-18.7 12.7 58.0 27.6 -46.3

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

142.0 102.8 0.0 131.4 18.4 -15.6

598.1 431.4 0.0 558.0 30.3 -116.8

575.1 498.2 0.0 543.9 43.8 -40.5

587.0 522.4 2.0 643.3 37.1 -117.9

630.3 552.1 2.0 677.5 69.8 -124.1

678.4 566.8 2.0 615.2 67.4 -47.8

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

81.9 59.2 36.2 36.1 26.2 21.9 1.7 70.1 22.4 5.4

58.9 42.5 6.2 2.3 1.6 11.9 0.7 16.1 39.5 22.5

79.4 68.7 4.2 2.2 1.9 11.1 1.0 21.4 27.1 14.6

96.0 85.5 7.8 2.3 2.1 7.4 0.7 19.9 20.9 11.7

96.8 84.8 15.6 2.7 2.4 13.1 1.2 20.1 23.3 12.0

96.7 80.8 14.0 2.6 2.2 12.3 1.3 19.9 25.1 13.0

3. MAJOR ECONOMIC AGGREGATES 355.4 240.6 8.0 264.6 16.6 -13.0

550.7 379.1 0.0 453.0 26.3 -66.1

587.4 375.8 0.0 492.1 21.6 -106.3

4. DEBT INDICATORS 76.1 51.5 9.0 3.8 2.5 9.1 0.8 25.1 45.0 23.8

49.9 34.4 4.0 1.4 1.0 13.9 0.7 9.9 45.2 29.9

65.2 41.7 5.9 2.1 1.4 8.8 0.5 17.3 43.0 24.9

457 SEYCHELLES (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

25.1 25.1 25.1 4.5 2.5 20.6 16.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

137.1 137.1 117.8 43.6 19.8 74.2 62.6 19.3 0.0 16.4 2.8 0.0 0.0 0.0

.. ..

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

170.6 170.6 142.0 56.6 20.8 85.4 64.8 28.6 0.0 14.2 14.3 0.0 0.0 0.0

202.3 202.3 168.0 61.0 21.6 107.0 83.7 34.4 0.0 17.0 17.3 0.0 0.0 0.0

213.2 213.2 158.7 57.1 21.3 101.6 79.2 54.5 0.0 40.1 14.3 0.0 0.0 0.0

310.9 310.9 160.7 57.6 23.7 103.1 83.3 150.1 0.0 138.6 11.5 0.0 0.0 0.0

401.8 401.8 161.1 58.5 24.3 102.6 80.6 240.7 0.0 230.0 10.7 0.0 0.0 0.0

427.2 427.2 201.9 64.3 25.7 137.6 98.8 225.3 0.0 191.8 33.5 0.0 0.0 0.0

439.0 439.0 249.7 71.4 27.7 178.2 110.0 189.3 0.0 142.1 47.2 0.0 0.0 0.0

5.8 0.0

3.6 0.0

3.6 0.0

3.7 0.0

2.9 0.0

2.3 0.0

2.5 0.0

2.7 0.0

11.7 11.7 11.7 3.5 1.6 8.2 4.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.2 13.2 11.6 3.4 1.2 8.2 4.1 1.6 0.0 1.3 0.3 0.0 0.0 0.0

19.1 19.1 15.7 5.5 0.6 10.2 5.6 3.4 0.0 0.0 3.4 0.0 0.0 0.0

36.8 36.8 27.2 7.3 1.2 19.8 17.1 9.7 0.0 5.1 4.6 0.0 0.0 0.0

39.2 39.2 11.6 3.9 0.9 7.7 7.3 27.6 0.0 27.6 0.0 0.0 0.0 0.0

127.4 127.4 19.1 7.4 3.3 11.6 11.4 108.4 0.0 108.4 0.0 0.0 0.0 0.0

125.4 125.4 8.2 3.8 1.0 4.4 0.9 117.2 0.0 117.2 0.0 0.0 0.0 0.0

72.8 72.8 19.5 1.7 0.2 17.9 3.6 53.3 0.0 29.8 23.5 0.0 0.0 0.0

56.0 56.0 33.6 1.5 1.1 32.1 2.5 22.4 0.0 3.0 19.4 0.0 0.0 0.0

.. ..

0.0 0.0

1.4 0.0

0.2 0.0

0.5 0.0

1.2 0.0

0.1 0.0

0.0 0.0

0.0 0.0

0.0 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.7 12.7 4.8 2.9 0.3 2.0 1.8 7.9 0.0 6.8 1.1 0.0 0.0 0.0

9.8 9.8 6.8 3.9 0.7 2.9 1.0 3.0 0.0 1.0 1.9 0.0 0.0 0.0

14.3 14.3 9.7 5.5 0.7 4.2 3.1 4.6 0.0 3.0 1.6 0.0 0.0 0.0

16.8 16.8 11.0 6.6 0.8 4.4 4.1 5.8 0.0 2.8 3.0 0.0 0.0 0.0

9.6 9.6 5.0 2.4 0.3 2.7 1.6 4.6 0.0 1.7 2.8 0.0 0.0 0.0

28.6 28.6 2.5 0.7 0.1 1.8 1.6 26.0 0.0 25.2 0.8 0.0 0.0 0.0

71.5 71.5 1.6 0.6 0.0 1.0 0.9 69.9 0.0 69.2 0.8 0.0 0.0 0.0

64.6 64.6 5.5 0.3 0.0 5.2 1.4 59.1 0.0 53.4 5.6 0.0 0.0 0.0

.. ..

0.0 0.0

0.6 0.0

0.6 0.0

0.8 0.0

1.1 0.0

0.7 0.0

0.4 0.0

0.0 0.0

0.0 0.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

11.7 11.7 11.7 3.5 1.6 8.2 4.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.5 0.5 6.8 0.6 0.9 6.2 2.3 -6.2 0.0 -5.5 -0.8 0.0 0.0 0.0

9.4 9.4 8.9 1.6 -0.1 7.3 4.6 0.4 0.0 -1.0 1.5 0.0 0.0 0.0

22.5 22.5 17.4 1.8 0.5 15.6 14.0 5.1 0.0 2.1 3.0 0.0 0.0 0.0

22.4 22.4 0.6 -2.7 0.1 3.3 3.2 21.7 0.0 24.7 -3.0 0.0 0.0 0.0

117.9 117.9 14.1 5.1 3.0 9.0 9.8 103.8 0.0 106.6 -2.8 0.0 0.0 0.0

96.8 96.8 5.7 3.0 0.9 2.6 -0.7 91.1 0.0 91.9 -0.8 0.0 0.0 0.0

1.3 1.3 18.0 1.1 0.2 16.9 2.7 -16.6 0.0 -39.4 22.7 0.0 0.0 0.0

-8.6 -8.6 28.0 1.2 1.1 26.8 1.1 -36.7 0.0 -50.4 13.8 0.0 0.0 0.0

.. ..

0.0 0.0

0.8 0.0

-0.4 0.0

-0.3 0.0

0.2 0.0

-0.6 0.0

-0.4 0.0

0.0 0.0

0.0 0.0

5. LONG-TERM DEBT

458 SEYCHELLES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.2 0.2 0.2 0.2 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.5 5.5 3.5 2.5 0.3 1.1 0.9 1.9 0.0 1.7 0.2 0.0 0.0 0.0

4.9 4.9 3.7 2.9 0.5 0.8 0.6 1.2 0.0 0.2 1.0 0.0 0.0 0.0

6.6 6.6 4.9 3.8 0.5 1.1 0.8 1.7 0.0 0.7 1.0 0.0 0.0 0.0

7.6 7.6 4.8 3.7 0.5 1.1 0.9 2.9 0.0 2.1 0.8 0.0 0.0 0.0

6.8 6.8 2.0 0.9 0.2 1.2 0.8 4.8 0.0 4.0 0.8 0.0 0.0 0.0

8.2 8.2 0.6 0.3 0.0 0.4 0.4 7.5 0.0 7.0 0.5 0.0 0.0 0.0

11.9 11.9 1.2 0.4 0.3 0.8 0.2 10.7 0.0 10.2 0.4 0.0 0.0 0.0

12.7 12.7 3.0 0.2 0.1 2.8 0.3 9.6 0.0 7.2 2.4 0.0 0.0 0.0

.. ..

0.0 0.0

0.4 0.0

0.3 0.0

0.2 0.0

0.2 0.0

0.2 0.0

0.1 0.0

0.0 0.0

0.1 0.0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

11.4 11.4 11.4 3.3 1.6 8.1 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-4.9 -4.9 3.2 -1.9 0.6 5.1 1.4 -8.2 0.0 -7.2 -1.0 0.0 0.0 0.0

4.5 4.5 5.2 -1.4 -0.6 6.6 4.0 -0.7 0.0 -1.2 0.5 0.0 0.0 0.0

15.9 15.9 12.5 -2.0 0.0 14.5 13.2 3.3 0.0 1.4 2.0 0.0 0.0 0.0

14.7 14.7 -4.2 -6.4 -0.4 2.2 2.3 18.9 0.0 22.6 -3.7 0.0 0.0 0.0

111.1 111.1 12.1 4.2 2.8 7.8 9.0 99.0 0.0 102.6 -3.6 0.0 0.0 0.0

88.6 88.6 5.0 2.8 0.9 2.3 -1.0 83.6 0.0 84.9 -1.3 0.0 0.0 0.0

-10.5 -10.5 16.7 0.7 0.0 16.1 2.6 -27.3 0.0 -49.6 22.3 0.0 0.0 0.0

-21.3 -21.3 25.0 1.0 1.0 24.0 0.8 -46.3 0.0 -57.6 11.3 0.0 0.0 0.0

.. ..

0.0 0.0

0.4 0.0

-0.7 0.0

-0.5 0.0

-0.1 0.0

-0.8 0.0

-0.5 0.0

0.0 0.0

-0.1 0.0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.3 0.3 0.3 0.2 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

18.2 18.2 8.4 5.4 0.6 3.0 2.8 9.8 0.0 8.5 1.3 0.0 0.0 0.0

14.6 14.6 10.5 6.9 1.2 3.6 1.6 4.1 0.0 1.2 2.9 0.0 0.0 0.0

21.0 21.0 14.6 9.3 1.2 5.3 3.9 6.3 0.0 3.8 2.6 0.0 0.0 0.0

24.5 24.5 15.8 10.3 1.3 5.5 5.0 8.7 0.0 4.9 3.7 0.0 0.0 0.0

16.3 16.3 7.0 3.2 0.5 3.8 2.4 9.3 0.0 5.8 3.6 0.0 0.0 0.0

36.7 36.7 3.2 1.0 0.1 2.2 1.9 33.6 0.0 32.3 1.3 0.0 0.0 0.0

83.4 83.4 2.8 1.0 0.3 1.8 1.1 80.6 0.0 79.4 1.2 0.0 0.0 0.0

77.3 77.3 8.5 0.5 0.1 8.0 1.7 68.7 0.0 60.6 8.1 0.0 0.0 0.0

.. ..

0.0 0.0

1.0 0.0

0.9 0.0

1.0 0.0

1.3 0.0

0.9 0.0

0.5 0.0

0.0 0.0

0.1 0.0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

23.9 23.4 0.6

63.0 54.1 8.9

52.1 51.5 0.6

105.2 54.1 51.1

80.7 52.7 27.9

166.7 64.0 102.8

113.3 46.2 67.2

268.6 79.0 189.7

228.8 43.7 185.1

.. .. .. ..

18.8 0.0 25.1 0.0

82.4 5.8 137.1 0.0

85.6 3.6 170.6 0.0

105.3 12.8 202.3 0.0

100.5 11.7 213.2 0.0

107.0 98.9 310.9 0.0

104.9 186.1 401.8 0.0

124.4 154.0 427.2 0.0

137.7 114.7 439.0 0.0

.. 1.1 3.9 1.5 4.6 3.2 53.8 12.5 0.1 19.3

11.8 .. .. 2.2 3.5 2.2 61.5 9.0 0.0 9.6

13.3 .. .. 2.0 3.6 2.6 58.3 9.3 0.0 10.9

16.2 .. .. 2.1 3.9 2.8 53.7 10.0 0.1 11.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. 8.1 2.6 0.0 68.1 0.0 8.4 12.8 0.0 0.0

.. 3.0 16.9 0.0 16.8 7.2 8.5 25.0 0.0 22.6

.. 2.4 8.8 2.4 9.0 5.1 13.6 26.1 0.4 32.1

.. 2.4 7.6 2.3 7.6 10.4 15.4 23.6 0.3 30.4

.. 1.9 6.1 2.5 7.0 8.5 25.6 20.1 0.2 28.1

459 SEYCHELLES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION 55.6 9.5 .. 23.9 2.2 -390.3 10.7 16.4 46.3 21.3 .. 0.9 1.7 0.0 -0.4 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 9.8 -9.6 4.3 -9.9 .. 2.6 -6.3 4.9 -1.5 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

141.1 160.1 1.3 0.0 0.0 -5.6 -14.6

106.3 108.8 3.3 0.0 0.0 1.0 -6.8

33.1 1.3 7.7 0.0 0.0 13.9 10.1

13.2 -26.6 19.4 0.0 0.0 9.4 11.1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

6.6 15.6 5.1 20.2

5.4 19.1 8.4 35.0

6.3 18.0 4.8 21.5

7.1 7.2 2.8 11.4

1.8 9.3 2.4 35.0

7.7 7.0 1.0 8.0

7.5 8.2 2.1 9.5

6.8 7.1 0.9 9.4

4.2 8.3 1.1 18.6

.. .. .. ..

6.6 15.7 5.1 20.3

4.9 20.4 9.0 38.2

6.3 18.0 4.8 21.5

3.7 10.0 3.5 28.5

0.6 9.9 2.7 41.4

3.6 15.0 2.8 33.9

6.2 9.1 2.5 17.6

5.8 12.3 2.0 19.3

4.7 21.5 7.9 38.4

.. .. .. ..

7.3 5.0 0.5 5.7

11.5 4.8 0.9 -2.5

0.0 0.0 0.0 0.0

8.7 5.8 2.4 3.2

6.5 7.1 1.1 10.4

8.3 5.6 0.7 3.7

7.5 8.1 2.1 9.3

7.1 5.6 0.6 6.6

4.1 6.8 0.3 16.4

.. 11 22 20 89 14 213 .. 11 21 20 29 11 30 .. 0 2 0 60 3 183 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

83 2 82

229 51 178

29 3 26

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

116.3 145.9 21.3

62.1 129.0 18.4

22.5 82.0 13.8

11.9 74.4 9.3

2.4 28.1 5.4

1.5 22.6 4.0

0.8 18.7 3.0

0.5 12.2 2.1

0.3 9.8 1.5

0.0 7.3 1.0

9.0 35.2 8.2

9.0 26.0 6.8

5.9 24.4 5.8

3.8 21.2 4.9

2.4 19.8 3.9

1.5 14.3 3.0

0.8 12.4 2.3

0.5 9.3 1.8

0.3 7.0 1.3

0.0 6.6 1.0

3.4 17.5 4.8

2.3 16.8 4.2

1.2 16.8 3.5

0.5 13.9 2.9

0.1 12.9 2.3

0.1 8.5 1.7

0.0 7.1 1.3

0.0 4.4 1.0

0.0 4.1 0.7

0.0 3.7 0.5

5.6 17.7 3.4

6.7 9.3 2.6

4.7 7.6 2.3

3.3 7.3 2.0

2.2 6.9 1.7

1.4 5.8 1.3

0.8 5.3 1.0

0.5 4.9 0.8

0.3 2.9 0.6

0.0 2.9 0.5

107.3 110.7 13.1

53.1 103.0 11.7

16.6 57.7 8.0

8.1 53.2 4.5

0.0 8.3 1.5

0.0 8.3 1.1

0.0 6.3 0.6

0.0 2.9 0.3

0.0 2.8 0.2

0.0 0.7 0.0

19.3 63.9 6.1

11.6 57.8 4.1

3.3 12.5 2.2

1.5 11.4 1.3

0.0 5.5 0.6

0.0 5.5 0.4

0.0 3.5 0.1

0.0 0.1 0.0

0.0 0.0 0.0

0.0 0.0 0.0

88.0 46.7 7.0

41.5 45.2 7.6

13.3 45.2 5.8

6.5 41.8 3.1

0.0 2.9 0.9

0.0 2.9 0.7

0.0 2.9 0.5

0.0 2.9 0.3

0.0 2.8 0.2

0.0 0.7 0.0

460 SIERRA LEONE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

61 61 61 0 0 0 0 0 0 0 0 0 0

470 404 404 0 59 7 7 3 4 17 4 12 0

1,197 940 940 0 108 148 148 83 66 547 173 374 166

1,200 1,023 1,023 0 167 9 7 7 0 110 22 88 135

1,314 1,093 1,093 0 191 30 20 20 0 123 35 88 98

1,298 1,066 1,066 0 195 37 32 31 1 137 49 88 88

1,229 1,006 1,006 0 174 49 42 41 1 68 64 4 85

1,295 1,121 1,121 0 152 22 8 8 0 33 33 0 82

1,448 1,262 1,262 0 169 16 7 7 0 32 32 0 124

1,612 1,419 1,419 0 169 23 11 9 2 48 38 10 108

8 8 0 16 11 5 -8 0 2 2 0 0 -11 18 13 5 0

104 84 21 50 34 17 54 0 16 13 2 0 39 66 47 19 0

24 24 0 12 7 5 12 0 9 9 0 0 3 21 16 5 0

47 40 7 7 7 0 24 -16 8 7 1 1 16 16 14 1 1

62 46 16 14 14 0 56 8 12 11 1 0 44 26 24 1 0

36 15 21 19 7 12 13 -4 8 6 1 1 6 27 12 14 1

91 77 14 35 10 25 57 1 12 9 3 0 45 47 19 28 0

143 83 60 85 9 75 65 7 11 8 3 0 54 96 17 78 0

102 66 36 13 12 1 85 -5 9 8 1 1 76 22 20 2 1

64 44 20 15 13 1 51 3 11 9 1 0 41 25 23 2 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

7 -3 8 0 1 5 4 2

56 50 -19 0 24 21 63 -7

79 17 32 0 30 28 42 36

96 33 2 0 61 17 94 2

103 33 0 0 70 13 103 0

74 9 1 0 65 12 74 1

222 67 39 0 116 23 183 39

276 74 10 0 192 32 266 10

279 54 2 0 223 45 277 2

257 31 3 0 223 69 254 3

4 2 0 3 1

37 13 5 60 -23

19 9 51 39 -20

87 7 3 87 -1

89 11 3 92 -3

62 6 6 68 -6

212 9 2 175 37

268 8 1 258 9

269 8 2 270 0

238 9 9 245 -7

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

426 .. 0 .. 39 ..

1,071 276 0 494 31 -165

655 78 20 155 44 -33

650 57 22 202 39 -99

616 70 7 262 49 -112

728 92 7 291 51 -98

752 124 22 357 85 -73

763 204 26 421 67 -80

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 14.4 .. .. 0.6 64.1 .. 0.0 32.5 10.3

170.4 43.9 23.8 5.6 1.5 6.5 0.7 1.5 37.5 13.2

1,687.7 200.7 32.9 15.5 1.8 3.3 3.4 2.3 59.6 40.8

2,265.8 199.8 46.7 13.6 1.2 3.0 2.3 2.9 60.0 40.9

1,765.0 199.3 67.1 17.0 1.9 4.0 2.3 4.0 66.4 46.9

1,413.2 177.9 104.6 12.2 1.5 4.0 2.1 1.7 72.7 47.7

1,168.5 192.6 17.5 7.2 1.2 5.8 2.8 1.1 73.6 49.9

788.9 211.2 12.4 5.2 1.4 4.1 1.9 1.4 74.2 50.9

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

3. MAJOR ECONOMIC AGGREGATES 580 210 0 287 5 -69

832 55 6 129 38 -55

4. DEBT INDICATORS 568.8 206.4 10.1 4.4 1.6 0.5 0.2 12.4 26.2 15.2

2,178.4 144.3 28.5 15.3 1.0 3.2 3.6 0.8 61.0 40.7

461 SIERRA LEONE (US$ million, unless otherwise indicated) 1970

1980

1990

61 61 34 6 0 28 20 27 0 3 24 0 0 0

404 404 247 62 39 185 138 157 0 20 137 0 0 0

940 940 508 182 170 327 143 431 0 17 414 0 0 0

6 0

13 29

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8 8 4 3 0 1 1 4 0 0 4 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,023 1,023 934 489 470 445 263 90 0 0 90 0 0 0

1,093 1,093 1,004 537 505 467 279 90 0 0 90 0 0 0

1,066 1,066 976 531 501 445 278 89 0 0 89 0 0 0

1,006 1,006 1,000 576 548 424 268 5 0 0 5 0 0 0

1,121 1,121 1,120 617 602 502 340 1 0 0 1 0 0 0

1,262 1,262 1,261 722 701 538 366 1 0 0 1 0 0 0

1,419 1,419 1,407 821 789 586 407 12 0 0 12 0 0 0

11 81

2 270

1 298

0 299

0 354

0 407

0 479

0 543

84 84 42 9 5 33 28 42 0 0 42 0 0 0

24 24 20 1 1 19 19 4 0 0 4 0 0 0

40 40 40 40 40 0 0 0 0 0 0 0 0 0

46 46 46 41 28 6 6 0 0 0 0 0 0 0

15 15 15 15 13 0 0 0 0 0 0 0 0 0

77 77 77 74 74 3 3 0 0 0 0 0 0 0

83 83 83 83 83 0 0 0 0 0 0 0 0 0

66 66 66 63 63 3 3 0 0 0 0 0 0 0

44 44 44 41 36 3 3 0 0 0 0 0 0 0

3 0

2 2

0 0

0 27

0 21

0 9

0 70

0 69

0 44

0 24

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

11 11 1 0 0 1 1 10 5 1 4 0 0 0

34 34 4 1 0 3 2 29 0 3 27 0 0 0

7 7 7 2 0 5 2 0 0 0 0 0 0 0

7 7 7 3 3 4 3 0 0 0 0 0 0 0

14 14 14 9 8 4 1 0 0 0 0 0 0 0

7 7 7 4 3 2 0 0 0 0 0 0 0 0

10 10 10 7 6 2 0 0 0 0 0 0 0 0

9 9 9 5 5 4 0 0 0 0 0 0 0 0

12 12 12 5 4 7 1 0 0 0 0 0 0 0

13 13 13 5 4 8 2 0 0 0 0 0 0 0

0 0

0 0

0 0

0 1

1 3

1 2

0 2

0 2

0 1

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-3 -3 3 3 0 0 0 -6 -5 -1 -1 0 0 0

50 50 38 8 5 30 26 12 0 -3 15 0 0 0

17 17 13 -1 1 13 16 4 0 0 4 0 0 0

33 33 33 37 37 -4 -3 0 0 0 0 0 0 0

33 33 33 32 20 1 4 0 0 0 0 0 0 0

9 9 9 11 10 -2 0 0 0 0 0 0 0 0

67 67 67 67 68 1 3 0 0 0 0 0 0 0

74 74 74 78 79 -4 0 0 0 0 0 0 0 0

54 54 54 57 58 -4 2 0 0 0 0 0 0 0

31 31 31 36 33 -5 2 0 0 0 0 0 0 0

3 0

2 2

0 0

0 26

-1 19

-1 7

0 68

0 67

0 43

0 24

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

462 SIERRA LEONE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

2 2 1 0 0 1 1 1 0 0 1 0 0 0

13 13 2 1 0 1 0 11 0 1 10 0 0 0

9 9 4 2 1 2 1 5 0 0 5 0 0 0

7 7 7 2 2 5 3 0 0 0 0 0 0 0

11 11 11 5 5 6 0 0 0 0 0 0 0 0

6 6 6 3 3 3 0 0 0 0 0 0 0 0

9 9 9 4 3 5 0 0 0 0 0 0 0 0

8 8 8 3 3 5 0 0 0 0 0 0 0 0

8 8 8 3 2 5 1 0 0 0 0 0 0 0

9 9 9 3 3 6 2 0 0 0 0 0 0 0

0 0

1 0

0 0

0 1

0 3

0 2

0 2

0 3

0 1

0 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-5 -5 2 2 0 -1 0 -7 -5 -1 -1 0 0 0

37 37 36 7 5 29 26 1 0 -4 5 0 0 0

7 7 9 -3 0 12 15 -1 0 0 -1 0 0 0

26 26 26 35 35 -9 -5 0 0 0 0 0 0 0

22 22 22 27 15 -5 4 0 0 0 0 0 0 0

3 3 3 8 7 -5 0 0 0 0 0 0 0 0

59 59 59 63 65 -5 2 0 0 0 0 0 0 0

66 66 66 75 76 -9 0 0 0 0 0 0 0 0

46 46 46 55 56 -9 2 0 0 0 0 0 0 0

21 21 22 32 30 -11 0 0 0 0 0 0 0 0

2 0

1 2

0 0

0 25

-1 16

-1 5

0 66

0 65

0 42

0 23

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

13 13 2 0 0 2 2 11 5 1 5 0 0 0

47 47 6 2 0 4 2 41 0 4 37 0 0 0

16 16 11 4 1 7 4 5 0 0 5 0 0 0

14 14 14 5 5 9 5 0 0 0 0 0 0 0

24 24 24 14 13 10 1 0 0 0 0 0 0 0

12 12 12 7 6 5 0 0 0 0 0 0 0 0

19 19 19 11 10 8 1 0 0 0 0 0 0 0

17 17 17 8 8 9 0 0 0 0 0 0 0 0

20 20 20 8 7 12 1 0 0 0 0 0 0 0

23 23 22 8 6 14 3 0 0 0 0 0 0 0

0 0

1 0

0 0

0 2

1 6

1 4

0 4

0 5

0 2

0 2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

24 22 2

116 95 21

164 164 0

163 163 0

156 156 0

131 131 0

121 121 0

109 109 0

98 98 0

201 201 0

20 6 61 0

176 0 358 46

313 8 608 332

732 11 939 84

784 11 1,009 84

779 11 982 84

816 10 1,006 0

941 23 1,121 0

1,066 26 1,262 0

1,196 28 1,419 0

.. 1.1 1.9 6.8 0.6 2.2 46.3 11.8 9.5 19.8

15.1 .. .. 8.8 0.4 1.7 50.0 10.3 8.0 5.7

15.4 .. .. 8.6 0.3 1.7 49.6 9.9 7.5 7.0

15.9 .. .. 8.6 0.4 1.7 48.9 9.6 7.1 7.7

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 11.0 19.1 0.0 39.0 0.8 16.9 10.3 0.0 2.9

.. 13.9 2.4 4.2 8.8 9.4 32.4 3.5 0.0 25.4

.. 3.1 3.9 4.8 1.4 5.3 54.9 3.5 7.2 15.9

.. 1.3 2.3 5.9 0.6 2.4 45.1 11.2 9.3 21.9

.. 1.3 2.2 6.2 0.6 2.4 45.1 11.3 9.3 21.7

.. 1.2 2.0 7.2 0.6 2.1 46.3 11.4 9.5 19.7

463 SIERRA LEONE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

168 0 34 34 0 23 23 0 26 19 0 0

15 0 7 7 0 5 5 0 11 6 0 0

17 0 3 3 0 4 4 0 20 6 0 0

-16 13 11 0 0 -38 -3

-70 57 10 0 0 -47 -91

66 65 -34 23 -26 -35 73

153 85 -1 5 -11 92 -16

164 51 5 4 -20 110 14

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -8 .. .. .. .. ..

.. 0 55 1 .. 0 0 0 .. 0 47 1 .. 0 46 1 .. 0 1 0 .. 0 11 0 .. 0 11 0 .. 0 0 0 .. 0 0 0 .. 0 3 0 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 107 -42 114 54 12 24 56 53 1 13 .. .. 0 11 0 .. 0 0 0 .. 44 -80 24 .. -2 2 20 9. AVERAGE TERMS OF NEW COMMITMENTS

2.9 26.7 5.6 49.9

5.3 25.5 5.9 32.8

2.3 26.6 8.9 60.9

0.0 0.0 0.0 0.0

2.6 30.6 5.7 54.8

0.0 1.3 0.3 8.3

0.8 39.8 10.3 80.6

0.7 39.5 11.5 81.3

1.4 35.8 7.6 69.9

0.7 39.0 9.7 79.3

2.1 33.0 6.8 61.6

4.7 30.3 7.7 40.4

1.1 30.6 10.2 71.2

0.0 0.0 0.0 0.0

2.6 30.6 5.7 54.8

0.0 1.3 0.3 8.3

0.8 39.8 10.3 80.6

0.7 39.5 11.5 81.3

1.4 35.8 7.6 69.9

0.7 39.0 9.7 79.3

5.4 6.7 1.7 12.7

7.0 12.8 1.3 12.5

9.1 3.0 1.0 1.2

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

25 68 27 0 34 2 65 19 49 23 0 34 2 65 6 19 4 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

79 79 0

50 50 0

131 131 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

57 65 27

38 56 26

29 51 25

24 46 24

19 48 22

12 49 21

8 50 20

5 51 18

4 53 17

2 47 16

57 65 26

38 56 26

29 51 25

24 46 24

19 48 22

12 49 21

8 50 20

5 51 18

4 53 17

2 46 15

2 37 19

2 38 19

1 32 18

1 27 17

0 28 16

0 28 15

0 27 13

0 27 12

0 28 11

0 20 10

54 28 7

36 18 7

28 19 7

23 19 7

19 20 7

12 21 6

8 22 6

5 23 6

4 25 6

2 26 6

0 1 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 1 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

464 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

9,803 5,450 4,450 1,000 249 4,104 0 0 0 0 0 0 595

13,369 8,575 5,417 3,157 190 4,605 0 0 0 25 0 25 669

12,575 9,737 5,958 3,779 132 2,706 0 0 0 41 0 41 641

12,140 9,725 6,304 3,421 0 2,415 0 0 0 244 0 244 319

11,154 8,081 5,531 2,550 0 3,073 0 0 0 36 0 36 322

13,112 8,875 4,295 4,580 0 4,237 0 0 0 42 0 42 286

18,379 10,344 4,508 5,837 0 8,034 0 0 0 50 0 50 365

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

2,245 2,245 0 1,191 1,140 52 2,212 1,158 473 254 13 206 1,739 1,664 1,393 65 206

3,430 3,430 0 1,441 1,374 68 2,490 500 693 441 10 242 1,797 2,134 1,814 78 242

2,684 2,684 0 1,185 1,133 52 -399 -1,899 715 506 6 202 -1,114 1,899 1,639 58 202

2,004 2,004 0 2,022 1,895 127 -309 -291 768 569 6 194 -1,077 2,790 2,464 133 194

726 726 0 1,833 1,833 0 -449 658 813 687 0 127 -1,262 2,646 2,519 0 127

3,861 3,861 0 2,400 2,400 0 1,541 171 1,011 909 0 102 564 3,411 3,309 0 102

3,570 3,570 0 2,840 2,840 0 3,042 2,312 652 516 0 136 2,390 3,492 3,356 0 136

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

1,415 1,105 174 102 33 23 297 1,117

2,637 2,057 562 -35 53 30 241 2,396

2,010 1,552 354 47 57 29 339 1,671

2,045 109 1,925 -53 63 16 33 2,012

739 -1,107 1,584 184 78 17 138 601

5,717 1,462 4,123 10 122 29 44 5,673

1,478 730 571 59 118 31 -47 1,525

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

1,158 254 3 257 901

2,137 441 60 173 1,964

1,453 506 51 284 1,169

1,433 569 43 -25 1,458

-79 687 131 57 -135

4,654 909 154 -12 4,666

784 516 178 -105 889

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

20,079 12,369 20 13,722 3,745 -1,155

19,865 14,405 18 15,219 4,376 -694

20,575 15,476 24 17,429 4,453 ..

23,728 17,614 24 19,767 9,196 -1,955

32,399 26,148 425 26,675 12,149 -282

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

101.7 62.6 15.4 5.8 3.6 29.8 3.3 21.5 3.0 6.2

84.3 61.1 19.4 5.3 3.9 36.0 3.5 19.9 2.7 5.3

72.1 54.2 17.1 5.3 4.0 39.9 3.1 27.6 2.4 6.4

74.4 55.3 19.4 5.7 4.3 70.1 5.6 32.3 2.0 6.1

70.3 56.7 13.4 2.5 2.0 66.1 5.5 43.7 0.4 5.4

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

21,079 12,131 29 14,258 3,605 -1,961

22,022 13,450 24 15,942 3,240 -2,126

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

80.8 46.5 13.7 3.9 2.2 36.8 3.0 41.9 2.7 5.3

99.4 60.7 15.9 5.2 3.1 24.2 2.4 34.4 2.4 5.0

465 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

5,450 4,450 836 517 0 319 264 3,614 1,120 575 1,919 1,000 0 1,000

8,575 5,417 1,098 665 0 434 318 4,319 1,712 832 1,775 3,157 0 3,157

9,737 5,958 1,335 785 0 550 376 4,623 2,351 632 1,639 3,779 0 3,779

9,725 6,304 1,136 649 0 487 323 5,168 2,780 900 1,487 3,421 0 3,421

8,081 5,531 1,131 714 0 417 268 4,400 2,379 694 1,327 2,550 0 2,550

8,875 4,295 1,213 802 0 411 262 3,082 2,512 478 93 4,580 0 4,580

10,344 4,508 1,238 995 0 243 79 3,270 2,814 448 7 5,837 0 5,837

.. ..

227 0

239 0

219 0

184 0

205 0

204 0

293 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

2,245 887 302 120 0 181 166 585 162 383 40 1,358 0 1,358

3,430 1,721 230 147 0 83 21 1,492 1,114 371 7 1,709 0 1,709

2,684 1,194 342 232 0 111 19 851 782 31 39 1,491 0 1,491

2,004 1,013 88 51 0 37 0 925 748 177 0 991 0 991

726 244 152 145 0 7 0 92 0 92 0 481 0 481

3,861 36 36 33 0 3 1 0 0 0 0 3,825 0 3,825

3,570 1,043 153 126 0 27 9 890 848 42 0 2,527 0 2,527

.. ..

.. ..

.. ..

13 0

15 0

3 0

1 0

54 0

0 0

81 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,140 275 38 18 0 20 0 238 10 42 185 865 0 865

1,374 900 41 31 0 10 3 859 570 134 155 473 0 473

1,133 416 61 44 0 17 5 356 5 185 166 717 0 717

1,895 567 118 95 0 23 12 449 199 95 155 1,327 0 1,327

1,833 624 92 51 0 41 15 532 283 88 161 1,208 0 1,208

2,400 597 114 54 0 60 32 483 189 266 28 1,803 0 1,803

2,840 1,502 318 79 0 239 207 1,184 973 121 90 1,338 0 1,338

.. ..

.. ..

.. ..

15 0

17 0

20 0

23 0

22 0

22 0

24 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,105 612 264 103 0 162 166 348 152 342 -146 493 0 493

2,057 821 188 115 0 73 19 633 543 237 -148 1,236 0 1,236

1,552 778 282 188 0 94 14 496 777 -154 -127 774 0 774

109 446 -30 -44 0 13 -12 476 550 81 -155 -337 0 -337

-1,107 -380 60 94 0 -34 -15 -440 -283 4 -161 -727 0 -727

1,462 -561 -78 -21 0 -57 -31 -483 -189 -266 -28 2,023 0 2,023

730 -459 -165 48 0 -213 -199 -294 -125 -79 -90 1,189 0 1,189

.. ..

.. ..

.. ..

-2 0

-2 0

-18 0

-22 0

32 0

-22 0

56 0

5. LONG-TERM DEBT

466 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

254 191 40 30 0 10 5 151 72 17 62 63 0 63

441 251 68 52 0 17 5 183 75 49 58 189 0 189

506 285 55 36 0 19 10 230 124 45 61 221 0 221

569 317 58 38 0 20 11 259 160 47 51 252 0 252

687 337 81 38 0 44 9 256 168 43 45 349 0 349

909 281 56 37 0 19 10 224 187 28 10 628 0 628

516 296 58 44 0 14 6 238 212 17 8 220 0 220

.. ..

.. ..

.. ..

16 0

14 0

14 0

11 0

10 0

9 0

10 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

852 421 224 72 0 152 161 197 80 325 -207 431 0 431

1,616 570 120 64 0 56 13 450 468 188 -206 1,047 0 1,047

1,046 493 227 152 0 75 4 266 653 -199 -188 553 0 553

-460 129 -88 -82 0 -7 -23 217 389 34 -206 -589 0 -589

-1,794 -717 -21 57 0 -78 -24 -696 -452 -39 -206 -1,076 0 -1,076

553 -842 -134 -58 0 -76 -42 -707 -376 -293 -38 1,394 0 1,394

214 -755 -223 4 0 -227 -205 -532 -337 -96 -98 968 0 968

.. ..

.. ..

.. ..

-18 0

-16 0

-31 0

-33 0

21 0

-31 0

47 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,393 466 78 48 0 29 5 388 82 59 247 927 0 927

1,814 1,152 110 83 0 27 8 1,042 646 183 213 662 0 662

1,639 701 115 79 0 36 15 585 129 230 227 938 0 938

2,464 884 176 133 0 43 23 708 359 143 206 1,580 0 1,580

2,519 962 173 89 0 85 24 788 452 131 206 1,558 0 1,558

3,309 878 171 91 0 80 43 707 376 293 38 2,431 0 2,431

3,356 1,798 376 123 0 253 213 1,422 1,185 138 98 1,559 0 1,559

.. ..

.. ..

.. ..

30 0

31 0

34 0

34 0

32 0

31 0

34 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

764 372 392

412 290 122

343 296 48

292 263 29

363 338 25

421 411 10

560 544 16

.. .. .. ..

.. .. .. ..

.. .. .. ..

264 2,178 4,238 1,212

318 4,758 5,171 3,404

376 5,355 5,762 3,975

323 4,897 6,199 3,526

268 3,963 5,457 2,623

262 5,694 4,219 4,657

79 7,964 4,414 5,931

.. 4.7 3.9 8.7 0.0 0.0 17.2 27.5 0.0 38.1

47.5 .. .. 6.3 0.0 0.0 17.1 28.0 0.0 1.0

66.3 .. .. 8.2 0.0 0.0 17.1 6.9 0.0 1.4

84.0 .. .. 1.7 0.0 0.0 8.4 5.7 0.0 0.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 7.1 1.4 5.9 0.0 0.5 17.4 62.1 0.0 5.5

.. 9.1 1.0 8.3 0.0 0.5 25.8 38.7 0.0 16.7

.. 6.2 0.7 8.8 0.0 0.2 22.3 32.2 0.0 29.6

467 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 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 8. DEBT STOCK-FLOW RECONCILIATION -794 .. .. 2,128 3,567 .. .. 2,212 2,490 -399 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 100 -154 .. .. -115 .. .. 32 977 -241 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-435 -309 0 0 0 -235 109

-987 -449 0 0 0 -229 -309

1,958 1,541 0 0 0 549 -1,216

5,266 3,042 0 0 0 664 75

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.5 8.7 4.1 19.3

7.7 5.3 4.3 7.7

6.9 9.8 4.8 16.0

7.1 8.0 6.9 13.1

5.2 11.8 4.3 23.4

4.6 20.0 6.1 35.3

1.6 4.6 2.3 20.2

.. .. .. ..

.. .. .. ..

.. .. .. ..

3.9 13.8 4.9 33.9

6.1 11.9 2.8 18.5

4.6 20.4 4.9 35.0

7.4 11.1 3.8 12.1

5.0 15.6 5.3 29.8

4.6 20.0 6.1 35.3

1.4 16.0 3.6 45.2

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.4 5.8 3.6 10.9

7.9 4.6 4.4 6.6

8.0 4.9 4.8 7.2

7.1 7.7 7.2 13.2

5.7 1.5 1.5 5.7

0.0 0.0 0.0 0.0

1.6 2.0 2.0 14.6

.. .. .. 771 1,346 1,161 1,004 .. .. .. 282 131 371 85 .. .. .. 489 1,215 790 920 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

338 248 90

52 52 0

1,097 203 894

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

242 1,500 351

124 1,845 277

99 1,180 240

40 1,118 198

24 797 157

15 727 138

7 1,348 120

4 687 56

2 666 40

1 644 24

231 162 45

120 164 44

98 178 41

40 192 36

24 175 31

15 145 26

7 137 22

4 110 18

2 95 15

1 83 12

50 42 8

31 42 7

18 45 6

10 43 5

4 36 4

2 23 3

1 19 3

0 9 2

0 7 2

0 7 2

181 119 38

89 122 37

80 133 34

30 149 31

20 139 26

13 122 23

6 118 19

4 101 15

2 89 12

1 77 10

11 1,338 305

5 1,682 232

1 1,002 199

0 927 162

0 622 126

0 582 112

0 1,211 98

0 578 38

0 570 25

0 561 12

11 130 14

5 146 9

1 50 4

0 50 2

0 27 1

0 6 0

0 1 0

0 1 0

0 1 0

0 1 0

0 1,208 292

0 1,535 224

0 952 196

0 876 159

0 595 125

0 576 111

0 1,210 98

0 577 38

0 569 25

0 560 12

468 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

19.4 17.4 17.4 0.0 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0

120.5 103.2 103.2 0.0 0.7 16.6 0.1 0.1 0.0 0.2 0.2 0.0

139.9 137.7 96.5 41.2 0.0 2.2 2.1 1.6 0.5 5.0 4.0 1.0

154.6 151.7 113.7 38.1 0.0 2.9 1.7 1.0 0.7 4.1 3.1 1.1

165.0 160.3 125.3 35.0 0.0 4.7 1.8 1.1 0.7 4.3 3.2 1.1

155.4 152.1 120.7 31.5 0.0 3.2 1.8 0.4 1.4 3.3 1.0 2.3

162.7 158.8 130.9 28.0 0.0 3.8 2.4 0.9 1.5 4.8 2.1 2.8

180.4 175.5 150.2 25.3 0.0 4.9 3.9 2.3 1.6 6.0 2.8 3.2

185.7 174.0 151.3 22.7 0.0 11.7 6.7 1.9 4.8 7.4 3.8 3.6

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

4.0 4.0 0.0 0.0 0.0 0.0 4.9 1.0 0.3 0.0 0.0 0.3 4.7 0.3 0.0 0.0 0.3

5.2 5.2 0.0 7.9 7.0 0.8 13.8 16.5 3.7 3.1 0.1 0.5 10.1 11.6 10.1 1.0 0.5

5.0 5.0 0.0 4.4 4.4 0.0 -0.1 -0.7 1.3 1.3 0.0 0.0 -1.4 5.7 5.7 0.0 0.0

18.6 18.6 0.0 7.8 7.8 0.0 11.8 1.0 4.1 4.0 0.0 0.1 7.7 11.9 11.9 0.0 0.1

9.0 9.0 0.0 7.3 7.3 0.0 3.5 1.8 3.6 3.5 0.0 0.1 -0.1 10.9 10.9 0.0 0.1

3.4 3.4 0.0 6.2 6.2 0.0 -4.4 -1.5 2.9 2.7 0.0 0.1 -7.3 9.1 9.0 0.0 0.1

17.6 17.6 0.0 4.5 4.5 0.0 13.1 0.0 2.6 2.5 0.0 0.1 10.5 7.1 7.0 0.0 0.1

10.3 10.3 0.0 3.3 3.3 0.0 6.5 -0.4 2.4 2.3 0.0 0.0 4.1 5.7 5.7 0.0 0.0

0.4 0.4 0.0 5.5 5.5 0.0 -1.1 4.0 3.9 3.9 0.0 0.0 -5.0 9.4 9.4 0.0 0.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

27.3 3.9 2.4 0.0 21.0 11.5 24.9 2.4

28.7 -1.8 10.4 0.0 20.2 19.5 21.5 7.3

50.4 0.6 33.8 0.0 15.9 18.5 20.2 30.1

30.1 10.8 8.8 0.0 10.5 17.5 24.8 5.3

24.3 1.7 9.9 0.0 12.7 18.4 17.9 6.4

47.2 -2.9 1.4 0.0 48.7 21.0 49.3 -2.1

44.0 13.1 -12.1 0.0 43.0 18.9 59.6 -15.6

17.9 6.9 -1.4 0.0 12.4 17.2 21.9 -4.0

13.4 -5.1 -2.0 0.0 20.5 62.8 18.1 -4.6

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

12.4 0.0 14.9 24.9 -12.5

23.6 3.1 2.0 19.9 3.7

40.4 1.3 8.6 19.9 20.6

18.2 4.0 7.8 23.3 -5.0

10.1 3.5 10.6 16.6 -6.5

44.5 2.7 0.0 48.5 -4.0

41.5 2.5 0.0 58.8 -17.4

15.5 2.3 0.0 21.1 -5.6

9.6 3.9 0.0 15.6 -6.1

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

107.9 85.0 0.0 117.0 29.6 -12.2

337.8 199.0 0.0 224.4 49.0 8.1

355.6 226.3 2.0 219.9 51.1 21.5

289.0 .. 2.0 .. 32.0 ..

246.9 .. 2.0 .. 19.3 ..

240.6 .. 2.0 .. 18.2 ..

247.2 .. 2.0 .. 37.2 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

22.8 18.0 0.4 0.3 0.3 152.6 3.0 10.3 89.7 36.7

77.7 45.8 6.0 2.1 1.2 31.7 2.6 1.9 66.2 60.7

72.9 46.4 4.8 1.6 1.0 31.0 2.8 2.9 69.9 65.4

.. 53.8 .. .. 1.0 20.6 .. 2.1 74.3 64.6

.. 65.9 .. .. 1.0 11.9 .. 2.4 77.3 58.8

.. 75.0 .. .. 1.0 10.1 .. 2.7 80.3 58.1

.. 75.1 .. .. 1.6 20.0 .. 6.3 78.5 57.8

3. MAJOR ECONOMIC AGGREGATES 207.3 97.8 0.0 163.6 17.6 -27.8

383.0 229.5 0.0 302.9 36.3 -37.9

4. DEBT INDICATORS 123.2 58.1 11.8 3.8 1.8 14.6 1.3 13.8 64.1 51.0

61.0 36.5 2.5 0.6 0.3 26.0 1.4 1.6 60.9 54.4

469 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

17.4 17.4 17.4 7.1 7.1 10.3 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

103.2 103.2 89.1 61.5 61.5 27.7 15.8 14.1 0.0 10.9 3.2 0.0 0.0 0.0

.. ..

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

137.7 96.5 92.4 76.2 75.1 16.2 10.2 4.2 0.0 0.0 4.2 41.2 0.0 41.2

151.7 113.7 109.9 93.9 92.8 16.0 9.6 3.8 0.0 0.0 3.8 38.1 0.0 38.1

160.3 125.3 121.9 107.9 106.9 14.0 8.4 3.4 0.0 0.0 3.4 35.0 0.0 35.0

152.1 120.7 117.3 100.4 99.5 16.9 16.0 3.4 0.0 0.0 3.4 31.5 0.0 31.5

158.8 130.9 127.5 95.6 94.8 31.8 31.0 3.4 0.0 0.0 3.4 28.0 0.0 28.0

175.5 150.2 145.9 104.8 103.8 41.1 41.1 4.2 0.0 0.0 4.2 25.3 0.0 25.3

174.0 151.3 147.0 107.3 106.0 39.8 39.8 4.2 0.0 0.0 4.2 22.7 0.0 22.7

0.0 16.6

0.0 29.9

0.0 32.7

0.0 39.9

0.0 38.4

0.0 37.9

0.0 40.8

0.0 44.3

4.0 4.0 4.0 4.0 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.2 5.2 5.2 5.2 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.0 5.0 5.0 3.3 3.3 1.7 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

18.6 18.6 18.6 18.2 18.2 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.0 9.0 9.0 8.6 8.6 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.4 3.4 3.4 1.4 1.4 2.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

17.6 17.6 17.6 1.6 1.6 16.1 16.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.3 10.3 10.3 0.3 0.3 10.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 2.5

0.0 2.6

0.0 1.9

0.0 8.0

0.0 0.6

0.0 1.1

0.0 0.3

0.0 0.2

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

7.0 7.0 3.9 0.5 0.5 3.4 1.4 3.1 0.0 2.7 0.4 0.0 0.0 0.0

4.4 0.7 0.7 0.3 0.3 0.4 0.4 0.0 0.0 0.0 0.0 3.7 0.0 3.7

7.8 4.7 4.3 3.3 3.3 1.0 1.0 0.4 0.0 0.0 0.4 3.1 0.0 3.1

7.3 4.3 3.8 1.4 1.4 2.4 1.4 0.4 0.0 0.0 0.4 3.1 0.0 3.1

6.2 2.7 2.7 1.1 1.1 1.6 1.6 0.0 0.0 0.0 0.0 3.5 0.0 3.5

4.5 1.0 1.0 0.6 0.6 0.4 0.4 0.0 0.0 0.0 0.0 3.5 0.0 3.5

3.3 0.7 0.7 0.3 0.3 0.4 0.4 0.0 0.0 0.0 0.0 2.6 0.0 2.6

5.5 2.9 2.9 2.5 2.5 0.4 0.4 0.0 0.0 0.0 0.0 2.6 0.0 2.6

.. ..

0.0 0.0

0.0 0.0

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.1

0.0 0.3

0.0 0.5

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

3.9 3.9 3.9 4.0 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.8 -1.8 1.3 4.7 4.7 -3.4 -1.4 -3.1 0.0 -2.7 -0.4 0.0 0.0 0.0

0.6 4.3 4.3 3.0 3.0 1.4 1.4 0.0 0.0 0.0 0.0 -3.7 0.0 -3.7

10.8 13.9 14.3 15.0 15.0 -0.7 -0.7 -0.4 0.0 0.0 -0.4 -3.1 0.0 -3.1

1.7 4.8 5.2 7.2 7.2 -2.0 -1.0 -0.4 0.0 0.0 -0.4 -3.1 0.0 -3.1

-2.9 0.6 0.6 0.3 0.3 0.3 0.3 0.0 0.0 0.0 0.0 -3.5 0.0 -3.5

13.1 16.6 16.6 1.0 1.0 15.7 15.7 0.0 0.0 0.0 0.0 -3.5 0.0 -3.5

6.9 9.5 9.5 -0.1 -0.1 9.6 9.6 0.0 0.0 0.0 0.0 -2.6 0.0 -2.6

-5.1 -2.5 -2.5 -2.1 -2.1 -0.4 -0.4 0.0 0.0 0.0 0.0 -2.6 0.0 -2.6

.. ..

0.0 0.0

0.0 2.5

0.0 2.4

0.0 1.7

0.0 7.8

0.0 0.4

0.0 1.0

0.0 -0.1

0.0 -0.3

5. LONG-TERM DEBT

470 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

3.1 3.1 1.6 0.6 0.6 1.0 0.0 1.5 0.0 1.2 0.3 0.0 0.0 0.0

1.3 0.3 0.3 0.2 0.2 0.1 0.1 0.0 0.0 0.0 0.0 1.0 0.0 1.0

4.0 1.8 1.5 1.5 1.5 0.0 0.0 0.3 0.0 0.0 0.3 2.2 0.0 2.2

3.5 1.5 1.3 1.0 1.0 0.2 0.0 0.2 0.0 0.0 0.2 2.1 0.0 2.1

2.7 0.8 0.8 0.7 0.7 0.1 0.1 0.0 0.0 0.0 0.0 1.9 0.0 1.9

2.5 0.8 0.8 0.6 0.6 0.2 0.2 0.0 0.0 0.0 0.0 1.7 0.0 1.7

2.3 0.7 0.7 0.4 0.4 0.3 0.3 0.0 0.0 0.0 0.0 1.6 0.0 1.6

3.9 2.4 2.4 1.5 1.5 0.9 0.9 0.0 0.0 0.0 0.0 1.4 0.0 1.4

.. ..

0.0 0.0

0.0 0.1

0.0 0.2

0.0 0.2

0.0 0.3

0.0 0.3

0.0 0.2

0.0 0.4

0.0 0.3

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

3.9 3.9 3.9 3.9 3.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-4.9 -4.9 -0.3 4.1 4.1 -4.4 -1.4 -4.7 0.0 -3.9 -0.7 0.0 0.0 0.0

-0.7 4.0 4.0 2.7 2.7 1.3 1.3 0.0 0.0 0.0 0.0 -4.6 0.0 -4.6

6.7 12.1 12.8 13.5 13.5 -0.7 -0.7 -0.6 0.0 0.0 -0.6 -5.4 0.0 -5.4

-1.9 3.3 3.9 6.2 6.2 -2.3 -1.0 -0.6 0.0 0.0 -0.6 -5.1 0.0 -5.1

-5.6 -0.2 -0.2 -0.5 -0.5 0.2 0.2 0.0 0.0 0.0 0.0 -5.4 0.0 -5.4

10.6 15.9 15.9 0.4 0.4 15.5 15.5 0.0 0.0 0.0 0.0 -5.3 0.0 -5.3

4.6 8.8 8.8 -0.5 -0.5 9.3 9.3 0.0 0.0 0.0 0.0 -4.2 0.0 -4.2

-9.0 -4.9 -4.9 -3.7 -3.7 -1.3 -1.3 0.0 0.0 0.0 0.0 -4.1 0.0 -4.1

.. ..

0.0 0.0

0.0 2.4

0.0 2.2

0.0 1.4

0.0 7.5

0.0 0.2

0.0 0.8

0.0 -0.5

0.0 -0.7

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

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

10.1 10.1 5.5 1.1 1.1 4.4 1.4 4.7 0.0 3.9 0.7 0.0 0.0 0.0

5.7 1.1 1.1 0.6 0.6 0.5 0.5 0.0 0.0 0.0 0.0 4.6 0.0 4.6

11.9 6.5 5.8 4.8 4.8 1.1 1.1 0.6 0.0 0.0 0.6 5.4 0.0 5.4

10.9 5.7 5.1 2.4 2.4 2.7 1.4 0.6 0.0 0.0 0.6 5.1 0.0 5.1

9.0 3.6 3.6 1.8 1.8 1.7 1.7 0.0 0.0 0.0 0.0 5.4 0.0 5.4

7.0 1.8 1.8 1.2 1.2 0.6 0.6 0.0 0.0 0.0 0.0 5.3 0.0 5.3

5.7 1.5 1.5 0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 4.2 0.0 4.2

9.4 5.3 5.3 4.1 4.1 1.3 1.3 0.0 0.0 0.0 0.0 4.1 0.0 4.1

.. ..

0.0 0.0

0.0 0.1

0.0 0.4

0.0 0.4

0.0 0.5

0.0 0.4

0.0 0.3

0.0 0.7

0.0 0.8

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

12.9 12.9 0.0

25.4 10.4 15.0

13.0 13.0 0.0

22.0 22.0 0.0

26.2 26.2 0.0

15.8 15.8 0.0

27.8 27.8 0.0

18.9 18.9 0.0

20.2 20.2 0.0

.. .. .. ..

17.4 0.0 17.4 0.0

77.2 10.9 103.2 0.0

85.3 41.2 96.5 41.2

102.4 38.1 113.7 38.1

115.3 35.0 125.3 35.0

115.5 31.5 120.7 31.5

125.8 28.0 130.9 28.0

144.9 25.3 150.2 25.3

145.8 22.7 151.3 22.7

.. 0.0 0.0 3.4 2.9 0.0 67.1 9.9 6.7 10.0

4.9 .. .. 2.7 2.3 0.0 71.5 8.7 5.3 4.6

5.1 .. .. 2.6 1.2 0.0 72.9 8.7 5.5 4.1

6.1 .. .. 2.9 0.0 0.0 73.8 8.4 4.7 4.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. 0.0 0.0 0.0 59.1 0.0 40.9 0.0 0.0 0.0

.. 3.1 0.0 4.8 13.1 0.0 52.0 7.3 6.3 13.4

.. 0.4 0.0 2.7 7.0 0.0 57.0 11.5 7.2 14.3

.. 0.0 0.0 2.5 5.6 0.0 63.9 10.0 6.3 11.6

.. 0.0 0.0 2.2 4.4 0.0 66.4 10.8 7.5 8.8

471 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION -7.5 14.6 10.4 .. 20.5 4.9 13.8 -0.1 11.8 3.5 -0.4 0.0 .. 0.1 1.5 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 6.6 -8.9 2.8 0.8 .. -0.1 -0.1 0.4 6.0 9. AVERAGE TERMS OF NEW COMMITMENTS

7.8 0.0 6.4 6.4 0.0 1.4 1.4 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 0.0 0.0 0.0 0.0 0.0 1.6 0.0 0.0 0.0

-9.6 -4.4 0.0 1.4 0.0 -7.0 0.4

7.3 13.1 0.6 0.0 0.0 -5.3 -1.1

17.8 6.5 1.5 0.0 0.0 8.1 1.7

5.3 -1.1 2.8 0.0 -1.6 11.5 -6.3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

1.0 39.8 10.3 78.4

2.2 17.7 11.5 56.9

0.0 0.0 0.0 0.0

3.3 39.7 10.2 57.7

1.1 36.1 9.2 74.0

0.8 40.0 10.5 80.9

2.9 26.6 4.9 51.5

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. .. .. ..

1.0 39.8 10.3 78.4

2.2 17.7 11.5 56.9

0.0 0.0 0.0 0.0

3.3 39.7 10.2 57.7

1.1 36.1 9.2 74.0

0.8 40.0 10.5 80.9

2.9 26.6 4.9 51.5

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

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

.. 8 3 0 27 14 4 .. 8 3 0 27 14 4 .. 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

35 35 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

3.6 7.2 3.2

5.1 8.1 3.3

3.9 7.8 3.1

2.9 8.0 2.8

2.0 10.7 2.8

1.3 9.3 2.7

0.7 9.8 2.4

0.4 8.9 2.1

0.4 8.7 1.9

0.0 8.0 1.7

3.6 4.1 1.9

5.1 5.3 2.1

3.9 5.2 2.1

2.9 5.4 2.0

2.0 8.1 2.1

1.3 6.7 2.1

0.7 7.1 2.0

0.4 7.2 1.9

0.4 7.1 1.8

0.0 6.8 1.6

0.5 1.2 1.1

0.4 2.3 1.3

0.2 2.3 1.2

0.1 2.3 1.1

0.1 2.3 1.1

0.1 2.3 1.0

0.1 2.3 0.9

0.0 2.3 0.8

0.0 2.3 0.8

0.0 2.3 0.7

3.1 2.9 0.8

4.8 3.0 0.8

3.7 2.9 0.9

2.7 3.1 0.8

1.8 5.8 1.0

1.2 4.4 1.1

0.6 4.8 1.1

0.4 4.9 1.1

0.4 4.8 1.0

0.0 4.5 1.0

0.0 3.0 1.3

0.0 2.8 1.2

0.0 2.6 1.0

0.0 2.6 0.8

0.0 2.6 0.7

0.0 2.6 0.5

0.0 2.6 0.4

0.0 1.6 0.2

0.0 1.6 0.2

0.0 1.2 0.1

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 3.0 1.3

0.0 2.8 1.2

0.0 2.6 1.0

0.0 2.6 0.8

0.0 2.6 0.7

0.0 2.6 0.5

0.0 2.6 0.4

0.0 1.6 0.2

0.0 1.6 0.2

0.0 1.2 0.1

472 SOMALIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

77 77 77 0 0 0 0 0 0 0 0 0 0

660 595 595 0 18 47 8 8 0 13 13 0 0

2,370 1,926 1,926 0 159 285 255 249 5 674 646 28 357

2,561 1,852 1,852 0 151 558 534 518 16 1,180 1,145 34 390

2,635 1,886 1,886 0 158 591 562 546 16 1,227 1,191 35 392

2,606 1,859 1,859 0 154 593 564 549 15 1,232 1,198 34 445

2,562 1,825 1,825 0 146 591 569 554 15 1,241 1,208 33 468

2,563 1,795 1,795 0 141 627 603 589 14 1,295 1,263 32 515

2,689 1,860 1,860 0 152 677 644 628 15 1,370 1,336 34 548

2,838 1,936 1,936 0 166 735 702 686 17 1,451 1,415 36 558

4 4 0 2 0 2 2 0 0 0 0 0 1 3 1 2 0

135 113 22 11 7 4 137 13 2 2 0 0 135 13 9 4 0

46 46 0 5 3 3 58 18 5 4 1 0 53 11 7 4 0

0 0 0 0 0 0 -7 -7 0 0 0 0 -7 0 0 0 0

0 0 0 0 0 0 5 5 0 0 0 0 5 0 0 0 0

0 0 0 0 0 0 0 0 1 0 1 0 -1 1 0 1 0

0 0 0 0 0 0 -7 -7 0 0 0 0 -7 0 0 0 0

0 0 0 0 0 0 2 2 0 0 0 0 2 0 0 0 0

0 0 0 0 0 0 9 9 0 0 0 0 9 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

17 4 5 0 8 11 13 4

380 106 0 0 274 93 354 27

372 43 6 0 323 94 366 6

68 0 1 0 67 26 67 1

68 0 0 0 68 16 68 0

92 0 -1 0 93 24 93 -1

87 0 0 0 86 19 86 0

120 0 0 0 120 32 120 0

178 0 0 0 178 17 178 0

156 0 1 0 155 22 155 1

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

16 0 0 12 4

378 2 0 352 27

368 4 0 362 6

68 0 0 67 1

68 0 0 68 0

92 0 0 93 -1

87 0 0 86 0

120 0 0 120 0

178 0 0 178 0

156 0 0 155 1

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

316 .. 0 .. 21 ..

603 262 57 541 26 -136

.. .. 0 .. .. ..

.. .. 0 .. .. ..

.. .. 0 .. .. ..

.. .. 0 .. .. ..

.. .. 0 .. .. ..

.. .. 0 .. .. ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 24.4 .. .. 0.1 27.6 .. 0.0 91.0 9.2

252.1 109.5 4.9 0.9 0.4 3.9 0.6 7.1 82.8 24.1

.. .. .. .. .. .. .. 22.4 58.1 28.1

.. .. .. .. .. .. .. 22.7 58.2 28.0

.. .. .. .. .. .. .. 23.1 58.1 27.7

.. .. .. .. .. .. .. 24.5 57.0 27.0

.. .. .. .. .. .. .. 25.2 56.3 27.1

.. .. .. .. .. .. .. 25.9 55.4 27.2

3. MAJOR ECONOMIC AGGREGATES 835 .. 0 .. .. ..

.. .. 0 .. .. ..

4. DEBT INDICATORS .. 283.9 .. .. 0.6 .. .. 12.0 65.7 31.8

.. .. .. .. .. .. .. 21.8 58.7 28.2

473 SOMALIA (US$ million, unless otherwise indicated) 1970

1980

1990

77 77 75 7 7 68 63 2 0 2 0 0 0 0

595 595 567 159 147 408 400 28 0 0 28 0 0 0

1,926 1,926 1,889 754 735 1,136 822 37 0 0 37 0 0 0

0 7

0 72

4 4 4 0 0 4 4 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,852 1,852 1,818 723 706 1,095 797 34 0 0 34 0 0 0

1,886 1,886 1,851 741 723 1,110 808 35 0 0 35 0 0 0

1,859 1,859 1,826 729 712 1,097 804 34 0 0 34 0 0 0

1,825 1,825 1,792 709 693 1,083 794 33 0 0 33 0 0 0

1,795 1,795 1,763 692 676 1,071 784 32 0 0 32 0 0 0

1,860 1,860 1,826 727 710 1,099 803 34 0 0 34 0 0 0

1,936 1,936 1,900 771 752 1,129 822 36 0 0 36 0 0 0

0 419

0 406

0 416

0 409

0 396

0 386

0 405

0 431

113 113 87 36 25 50 49 27 0 0 27 0 0 0

46 46 46 46 46 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 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 10

0 35

0 0

0 0

0 0

0 0

0 0

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

7 7 7 5 0 2 2 0 0 0 0 0 0 0

3 3 3 3 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 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 2

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 4 4 0 0 4 4 0 0 0 0 0 0 0

106 106 80 31 25 48 47 27 0 0 27 0 0 0

43 43 43 43 43 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 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 10

0 32

0 0

0 0

0 0

0 0

0 0

0 0

0 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

474 SOMALIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 2 2 1 1 1 1 0 0 0 0 0 0 0

4 4 4 4 4 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 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 1

0 3

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 4 0 0 4 4 -1 0 -1 0 0 0 0

104 104 78 31 25 47 46 27 0 0 27 0 0 0

39 39 39 39 40 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 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 9

0 29

0 0

0 0

0 0

0 0

0 0

0 0

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1 1 0 0 0 0 0 1 0 1 0 0 0 0

9 9 9 6 1 3 3 0 0 0 0 0 0 0

7 7 7 7 6 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 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 1

0 6

0 0

0 0

0 0

0 0

0 0

0 0

0 0

67 67 0

565 494 70

497 497 0

219 219 0

226 226 0

12 12 0

12 12 0

12 12 0

12 12 0

13 13 0

70 0 77 0

546 0 567 28

1,557 20 1,926 0

1,503 20 1,852 0

1,531 20 1,886 0

1,516 20 1,859 0

1,487 20 1,825 0

1,461 20 1,795 0

1,513 20 1,860 0

1,573 20 1,936 0

.. 0.0 3.6 3.0 0.1 0.0 52.0 7.1 1.3 32.9

4.4 .. .. 2.6 0.1 0.0 52.3 7.2 1.2 32.1

5.0 .. .. 2.8 0.1 0.0 51.5 7.3 1.3 31.9

5.8 .. .. 3.0 0.1 0.0 50.8 7.3 1.3 31.6

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 18.6 0.0 0.0 0.0 0.0 24.6 47.8 0.0 9.0

.. 0.0 0.0 0.0 0.4 0.0 34.1 16.7 0.0 48.8

.. 0.0 4.7 2.4 0.2 0.0 50.5 7.2 1.3 33.7

.. 0.0 4.2 2.6 0.1 0.0 51.8 7.2 1.3 32.8

.. 0.0 4.4 2.9 0.1 0.0 51.4 7.2 1.3 32.7

.. 0.0 3.8 3.3 0.1 0.0 51.7 7.0 1.3 32.7

475 SOMALIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 211 -82 74 -29 58 -7 5 0 137 .. 71 0 28 2 .. 0 0 0 0 .. 0 0 0 0 .. 30 -89 2 -33 52 13 39 2 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-44 -7 5 0 0 -36 -6

1 2 35 0 0 -24 -12

126 9 40 0 0 59 18

149 0 59 0 0 62 28

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 2 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

0.0 20.3 15.6 79.7

3.3 24.7 5.9 44.3

0.8 46.1 10.3 81.9

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 20.3 15.6 79.7

3.0 26.1 6.2 47.0

0.8 46.1 10.3 81.9

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

7.0 6.3 2.0 9.1

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

22 188 72 0 0 0 0 22 174 72 0 0 0 0 0 14 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0 36 9

0 35 9

0 29 8

0 31 8

0 31 7

0 31 6

0 32 6

0 31 5

0 29 5

0 28 4

0 36 9

0 35 9

0 29 8

0 31 8

0 31 7

0 31 6

0 32 6

0 31 5

0 29 5

0 28 4

0 14 5

0 13 5

0 13 4

0 13 4

0 13 4

0 13 3

0 13 3

0 12 2

0 10 2

0 9 2

0 22 4

0 22 4

0 15 4

0 18 4

0 18 4

0 18 3

0 19 3

0 19 3

0 19 3

0 19 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 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

476 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. 0 .. .. .. .. .. .. .. ..

.. .. .. .. 0 .. .. .. .. .. .. .. ..

.. .. .. .. 0 .. .. .. .. .. .. .. ..

25,272 13,930 11,517 2,413 415 10,928 0 0 0 0 0 0 3,452

24,753 13,309 10,668 2,641 0 11,444 0 0 0 0 0 0 1,219

23,907 13,092 8,173 4,919 0 10,815 0 0 0 0 0 0 879

24,861 15,308 9,088 6,220 0 9,553 0 0 0 0 0 0 811

24,050 15,695 7,941 7,754 0 8,355 0 0 0 0 0 0 668

25,041 17,641 9,427 8,213 0 7,400 0 0 0 0 0 0 789

27,807 20,448 9,120 11,328 0 7,359 0 0 0 0 0 0 861

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

4,630 4,630 0 5,103 4,680 423 -377 96 1,439 850 34 555 -1,816 6,542 5,530 456 555

2,046 2,046 0 2,859 2,442 417 -297 516 1,530 892 15 622 -1,827 4,388 3,334 432 622

2,732 2,732 0 2,844 2,844 0 -698 -550 1,446 814 1 631 -2,144 4,290 3,658 1 631

3,611 3,611 0 2,609 2,609 0 1,186 272 1,252 743 0 509 -65 3,861 3,352 0 509

3,603 3,603 0 3,172 3,172 0 -767 -1,198 1,183 860 0 322 -1,950 4,355 4,032 0 322

4,033 4,033 0 3,596 3,596 0 -518 -955 1,096 859 0 236 -1,614 4,691 4,455 0 236

5,664 5,664 0 2,951 2,951 0 2,671 -41 1,359 1,138 0 221 1,312 4,310 4,090 0 221

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

9,433 -51 3,811 5,473 200 244 200 9,233

9,034 -396 550 8,632 248 210 248 8,787

10,639 -111 1,503 9,001 246 213 283 10,356

6,358 1,002 969 4,169 219 225 310 6,048

6,950 431 7,270 -962 211 221 215 6,735

1,068 437 735 -388 284 221 288 780

4,524 2,712 820 685 306 265 375 4,148

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

7,762 850 821 200 7,562

7,337 892 805 248 7,089

8,713 814 1,112 283 8,430

3,286 743 2,329 309 2,978

3,208 860 2,882 204 3,004

-2,156 859 2,365 285 -2,441

372 1,138 3,014 368 4

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

127,907 35,683 327 35,284 7,497 -528

124,847 39,402 344 38,771 7,702 -295

110,445 38,122 297 37,327 7,627 56

103,537 38,274 288 37,107 7,817 610

156,501 48,055 436 48,693 8,154 -1,456

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

67.0 18.7 12.0 4.1 1.1 31.4 2.5 45.2 0.0 0.1

63.1 19.9 9.8 3.2 1.0 31.0 2.4 38.4 0.0 0.6

63.1 21.8 11.4 3.1 1.1 31.7 2.5 34.7 0.0 0.5

65.4 24.2 12.3 2.9 1.1 31.2 2.5 29.6 0.0 0.5

57.9 17.8 9.0 2.8 0.9 29.3 2.0 26.5 0.0 0.8

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

145,603 37,964 206 39,463 5,957 -2,223

130,530 36,134 283 37,525 5,508 -2,134

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

66.6 17.4 17.2 3.8 1.0 23.6 1.8 43.2 0.0 0.0

68.5 19.0 12.1 4.2 1.2 22.3 1.8 46.2 0.0 0.0

477 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0 0

0 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

13,930 11,517 0 0 0 0 0 11,517 3,631 3,327 4,559 2,413 395 2,018

13,309 10,668 0 0 0 0 0 10,668 3,649 2,638 4,381 2,641 786 1,855

13,092 8,173 31 31 0 0 0 8,142 3,969 1,842 2,331 4,919 395 4,524

15,308 9,088 145 145 0 0 0 8,943 4,749 1,973 2,221 6,220 1,110 5,110

15,695 7,941 122 122 0 0 0 7,819 4,847 839 2,133 7,754 2,307 5,447

17,641 9,427 129 129 0 0 0 9,298 6,903 813 1,582 8,213 3,573 4,640

20,448 9,120 212 212 0 0 0 8,909 7,187 487 1,234 11,328 8,180 3,148

0 0

0 0

0 0

1 0

3 0

7 0

12 0

16 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

4,630 3,004 0 0 0 0 0 3,004 1,278 726 1,000 1,626 45 1,581

2,046 1,290 0 0 0 0 0 1,290 0 840 450 756 373 383

2,732 2,004 37 37 0 0 0 1,967 1,627 240 100 728 0 728

3,611 1,597 91 91 0 0 0 1,506 765 420 321 2,014 712 1,302

3,603 1,603 4 4 0 0 0 1,599 1,222 0 377 2,000 1,250 750

4,033 2,479 7 7 0 0 0 2,472 2,472 0 0 1,554 1,554 0

5,664 1,490 76 76 0 0 0 1,414 1,414 0 0 4,174 4,174 0

0 0

0 0

0 0

0 0

0 0

1 0

3 0

4 0

5 0

3 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

4,680 1,480 0 0 0 0 0 1,480 253 752 475 3,200 0 3,200

2,442 1,896 0 0 0 0 0 1,896 70 1,198 628 546 0 546

2,844 363 0 0 0 0 0 363 16 347 0 2,481 358 2,123

2,609 1,627 0 0 0 0 0 1,627 284 949 393 982 0 982

3,172 2,000 0 0 0 0 0 2,000 489 904 607 1,172 45 1,127

3,596 1,068 3 3 0 0 0 1,066 489 26 551 2,527 350 2,177

2,951 1,459 7 7 0 0 0 1,452 778 326 348 1,492 0 1,492

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-51 1,523 0 0 0 0 0 1,523 1,025 -26 525 -1,574 45 -1,619

-396 -606 0 0 0 0 0 -606 -70 -358 -178 210 373 -163

-111 1,642 37 37 0 0 0 1,604 1,611 -107 100 -1,753 -358 -1,395

1,002 -30 91 91 0 0 0 -121 481 -529 -73 1,032 712 320

431 -397 4 4 0 0 0 -401 733 -904 -230 828 1,205 -377

437 1,411 4 4 0 0 0 1,406 1,983 -26 -551 -974 1,204 -2,177

2,712 30 69 69 0 0 0 -38 635 -326 -348 2,682 4,174 -1,492

0 0

0 0

0 0

0 0

0 0

1 0

3 0

4 0

5 0

3 0

5. LONG-TERM DEBT

478 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

850 669 0 0 0 0 0 669 207 228 234 181 25 156

892 759 0 0 0 0 0 759 266 226 266 134 27 106

814 681 0 0 0 0 0 681 266 159 255 133 59 74

743 546 1 1 0 0 0 545 275 130 140 196 27 169

860 558 12 12 0 0 0 546 307 106 133 302 84 218

859 513 3 3 0 0 0 510 372 18 120 347 147 200

1,138 606 7 7 0 0 0 598 499 13 87 533 338 195

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

1 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-901 854 0 0 0 0 0 854 818 -254 291 -1,755 20 -1,775

-1,288 -1,364 0 0 0 0 0 -1,364 -336 -584 -445 76 346 -270

-926 961 37 37 0 0 0 923 1,344 -266 -155 -1,886 -417 -1,469

260 -576 90 90 0 0 0 -666 206 -659 -213 836 685 151

-429 -955 -8 -8 0 0 0 -948 426 -1,011 -363 526 1,121 -595

-423 898 1 1 0 0 0 897 1,611 -44 -670 -1,320 1,057 -2,377

1,574 -575 62 62 0 0 0 -637 137 -339 -435 2,149 3,836 -1,687

0 0

0 0

0 0

0 0

0 0

1 0

3 0

4 0

5 0

2 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

5,530 2,150 0 0 0 0 0 2,150 460 981 709 3,381 25 3,356

3,334 2,654 0 0 0 0 0 2,654 336 1,424 895 680 27 652

3,658 1,044 0 0 0 0 0 1,044 283 506 255 2,614 417 2,197

3,352 2,173 1 1 0 0 0 2,172 559 1,079 534 1,178 27 1,151

4,032 2,558 12 12 0 0 0 2,547 796 1,011 740 1,474 129 1,345

4,455 1,581 6 6 0 0 0 1,575 861 44 670 2,874 497 2,377

4,090 2,065 15 15 0 0 0 2,050 1,277 339 435 2,025 338 1,687

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

1 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

1,750 0 1,750

1,034 124 910

673 63 610

47 47 0

139 139 0

159 159 0

86 86 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

0 5,659 11,517 2,413

0 5,230 10,528 2,781

0 6,776 7,733 5,359

0 8,338 8,054 7,254

0 8,715 7,137 8,558

0 9,155 8,623 9,018

0 12,027 8,638 11,811

.. 2.6 0.0 3.8 0.0 0.0 92.0 0.0 0.0 1.6

2.8 .. .. 3.8 0.0 0.0 91.9 0.0 0.0 1.4

2.8 .. .. 3.5 0.0 0.0 92.4 0.0 0.0 1.2

17.3 .. .. 4.1 0.0 0.0 76.4 0.0 0.0 2.1

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 2.4 0.0 4.7 0.0 0.0 92.8 0.0 0.0 0.1

.. 2.8 0.0 5.7 0.0 0.0 91.4 0.0 0.0 0.2

.. 3.1 0.0 8.4 0.0 0.0 88.1 0.0 0.0 0.4

479 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 0 0 60 .. .. 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 8. DEBT STOCK-FLOW RECONCILIATION -845 .. .. -778 -520 .. .. -377 -297 -698 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. -163 106 29 .. .. -238 -329 -134 9. AVERAGE TERMS OF NEW COMMITMENTS

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

954 1,186 0 0 0 -70 1,283

-811 -767 0 0 0 -80 36

991 -518 0 0 0 77 1,432

2,767 2,671 0 0 0 95 1

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.3 11.9 5.3 15.1

5.9 13.5 1.9 19.4

6.0 10.2 4.2 19.2

6.1 9.2 2.4 15.6

5.9 10.4 4.2 20.2

6.8 9.7 7.2 16.7

5.3 10.0 10.0 28.4

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

5.5 14.0 3.8 24.4

0.0 0.0 0.0 0.0

5.9 12.3 4.0 20.2

3.8 16.1 4.9 37.7

1.7 9.8 2.9 36.3

0.0 0.0 0.0 0.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.3 11.9 5.3 15.1

6.0 13.4 1.4 18.0

6.0 10.2 4.2 19.2

6.1 9.1 2.3 15.5

6.0 10.1 4.2 19.2

6.9 9.7 7.3 16.4

5.3 10.0 10.0 28.4

.. .. .. 4,528 572 1,993 2,223 .. .. .. 0 122 0 73 .. .. .. 4,528 450 1,993 2,150 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,697 98 1,599

2,506 34 2,472

1,414 0 1,414

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

39 5,261 1,045

23 3,312 794

10 1,684 629

6 1,971 524

5 2,111 457

2 427 388

1 768 367

0 175 329

0 1,101 283

0 2,765 202

39 15 4

23 19 4

10 28 4

6 30 3

5 32 3

2 32 2

1 32 2

0 30 1

0 28 1

0 19 1

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

39 15 4

23 19 4

10 28 4

6 30 3

5 32 3

2 32 2

1 32 2

0 30 1

0 28 1

0 19 1

0 5,246 1,042

0 3,292 790

0 1,656 625

0 1,941 521

0 2,079 454

0 395 385

0 736 365

0 145 328

0 1,073 282

0 2,747 202

0 326 7

0 161 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 4,920 1,035

0 3,132 788

0 1,656 625

0 1,941 521

0 2,079 454

0 395 385

0 736 365

0 145 328

0 1,073 282

0 2,747 202

480 SRI LANKA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

433 317 317 0 79 38 0 0 0 0 0 0 0

1,841 1,230 1,227 3 391 220 0 0 0 0 0 0 0

5,863 5,049 4,947 102 410 405 11 0 11 0 0 0 566

8,118 7,213 7,077 136 433 471 109 18 92 179 31 148 672

9,048 8,259 8,064 196 367 421 125 17 108 221 39 182 200

9,815 8,625 8,413 213 258 931 141 18 123 255 41 214 245

9,157 8,312 7,944 368 161 685 112 14 98 216 28 188 325

8,555 7,889 7,500 389 214 451 94 12 82 187 22 165 226

9,545 8,728 8,400 329 310 507 99 10 90 202 23 179 223

10,238 9,374 9,106 268 393 471 0 0 0 0 0 0 218

75 66 10 56 29 27 19 0 12 12 0 0 7 68 41 27 0

344 272 72 94 51 43 334 84 85 33 17 36 248 179 84 59 36

545 485 61 214 167 47 331 0 170 122 21 27 161 384 289 69 27

814 814 0 349 283 66 383 -82 182 155 2 24 201 531 439 68 24

914 914 0 394 312 82 454 -66 192 170 2 19 262 586 483 84 19

504 504 0 536 436 99 463 495 221 190 2 29 243 757 626 101 29

735 735 0 541 455 86 -24 -218 249 214 1 34 -273 789 669 87 34

670 539 132 521 450 71 -66 -215 229 209 3 17 -295 751 659 75 17

759 634 125 501 450 51 309 50 218 205 5 7 91 718 655 56 7

977 894 83 418 387 31 622 63 186 175 5 5 436 604 562 37 5

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

51 36 0 0 15 7 55 -4

425 221 43 0 161 57 296 129

583 318 43 0 221 104 529 54

1,074 531 430 0 113 94 421 653

910 602 193 0 115 81 486 424

356 68 176 0 112 87 263 94

562 280 173 0 109 78 240 322

326 89 172 -35 100 77 298 29

449 184 197 -53 121 73 352 97

858 507 229 -14 136 97 622 236

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

39 12 0 47 -8

377 33 15 270 107

435 122 25 452 -16

842 155 77 314 528

648 170 91 377 271

56 190 111 142 -86

240 214 109 116 124

14 209 104 180 -166

146 205 98 230 -85

591 175 92 492 99

2,259 .. 0 .. 43 ..

3,997 1,492 152 2,269 283 -655

15,405 6,780 1,072 7,198 1,654 -561

16,032 7,670 1,166 8,554 1,056 -1,044

15,479 7,436 1,185 7,501 1,304 -215

16,292 7,330 1,309 7,407 1,652 -236

18,045 8,099 1,438 8,050 2,265 -131

.. 19.2 .. .. 0.5 9.9 .. 8.8 43.2 6.7

123.4 46.1 12.0 5.7 2.1 15.3 1.5 11.9 56.0 11.7

144.8 63.7 11.2 3.3 1.4 16.8 2.8 9.5 74.0 36.8

119.4 57.1 10.3 3.2 1.6 11.5 1.5 7.5 74.2 37.3

115.1 55.3 10.1 3.1 1.5 15.2 2.1 5.3 75.6 37.9

130.2 58.6 9.8 3.0 1.3 17.3 2.7 5.3 76.4 39.3

126.4 56.7 7.5 2.3 1.0 22.1 3.4 4.6 80.4 41.3

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

7,865 2,786 401 3,224 447 -298

14,931 6,669 942 6,974 2,042 -395

15,616 6,940 1,023 7,070 1,998 -228

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

210.4 74.5 13.8 6.1 2.2 7.6 1.7 6.9 71.9 27.7

121.7 54.4 8.0 2.7 1.2 25.2 3.5 5.8 74.5 35.5

130.4 57.9 8.4 2.8 1.2 22.1 3.4 4.7 75.5 35.7

481 SRI LANKA (US$ million, unless otherwise indicated) 1970

1980

1990

317 317 253 29 1 224 186 64 12 3 48 0 0 0

1,230 1,227 1,087 216 177 872 854 140 0 57 83 3 0 3

5,049 4,947 4,349 1,623 1,536 2,726 2,681 598 0 259 339 102 0 102

26 1

31 98

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

66 66 55 3 1 52 40 10 0 0 10 0 0 0

1997

1998

1999

2000

2001

2002

2003

7,213 7,077 6,203 2,878 2,845 3,325 3,201 875 50 419 405 136 0 136

8,259 8,064 6,989 3,227 3,198 3,762 3,634 1,075 115 516 444 196 0 196

8,625 8,413 7,418 3,614 3,591 3,805 3,670 994 115 437 442 213 0 213

8,312 7,944 6,934 3,412 3,396 3,522 3,394 1,010 65 371 574 368 0 368

7,889 7,500 6,623 3,239 3,227 3,384 3,240 876 65 301 510 389 0 389

8,728 8,400 7,502 3,754 3,709 3,748 3,578 898 65 348 485 329 0 329

9,374 9,106 8,494 4,227 4,147 4,266 4,084 612 65 316 231 268 0 268

82 864

31 1,514

26 1,648

20 1,651

13 1,610

8 1,570

4 1,734

3 2,051

272 269 174 32 31 141 141 96 0 57 39 2 0 2

485 485 396 234 233 162 162 89 0 59 30 0 0 0

814 749 474 176 176 298 265 275 50 174 51 66 0 66

914 828 559 231 231 328 315 270 65 161 43 86 0 86

504 452 349 150 150 199 179 103 0 31 73 52 0 52

735 565 348 123 123 225 207 218 0 44 174 169 0 169

539 439 424 128 128 296 264 15 0 11 4 100 0 100

634 586 475 233 196 241 213 111 0 89 22 48 0 48

894 894 745 407 368 337 307 149 0 101 48 0 0 0

1 1

0 20

1 127

0 78

0 96

0 49

0 47

0 39

0 91

0 202

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

29 29 15 2 0 14 6 14 3 1 10 0 0 0

51 51 39 5 2 34 28 12 0 0 12 0 0 0

167 165 88 21 13 68 64 76 0 29 47 2 0 2

283 266 166 37 31 129 124 100 0 78 23 17 0 17

312 287 188 43 37 146 134 99 0 73 25 26 0 26

436 401 198 42 36 156 142 203 0 112 91 35 0 35

455 441 216 50 45 167 150 224 50 96 79 14 0 14

450 372 226 60 56 166 150 145 0 79 66 78 0 78

450 363 244 67 63 177 160 119 0 53 66 87 0 87

387 326 259 73 71 186 173 68 0 26 41 60 0 60

2 0

2 0

7 3

6 10

6 13

6 15

5 18

4 27

4 32

2 36

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

36 36 40 2 1 38 34 -3 -3 -1 1 0 0 0

221 219 135 27 30 108 113 84 0 57 27 2 0 2

318 320 307 214 220 94 98 13 0 30 -17 -2 0 -2

531 483 308 140 146 169 140 174 50 96 28 48 0 48

602 542 371 188 194 182 181 171 65 88 18 60 0 60

68 51 151 108 114 43 37 -99 0 -81 -18 17 0 17

280 124 131 73 79 58 57 -7 -50 -52 95 155 0 155

89 68 198 68 72 129 115 -130 0 -68 -62 21 0 21

184 223 231 166 134 65 53 -8 0 36 -44 -39 0 -39

507 568 486 335 297 151 133 82 0 75 7 -60 0 -60

-1 1

-2 20

-6 124

-6 68

-6 84

-6 34

-5 28

-4 12

-4 59

-2 166

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

482 SRI LANKA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 8 3 0 6 3 4 1 0 3 0 0 0

33 33 25 5 2 20 19 8 0 0 8 0 0 0

122 120 77 19 11 58 55 43 0 16 27 2 0 2

155 142 108 28 25 80 74 34 0 19 15 13 0 13

170 151 108 27 25 81 73 42 4 25 13 20 0 20

190 165 121 32 30 89 81 45 4 32 9 24 0 24

214 179 125 32 30 93 86 54 6 29 20 35 0 35

209 168 118 30 29 89 81 50 3 21 25 41 0 41

205 162 122 31 30 91 83 41 2 18 21 43 0 43

175 155 130 33 32 96 89 25 2 12 11 20 0 20

3 0

3 1

8 5

3 11

2 11

2 12

1 12

1 12

1 12

0 13

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

24 24 32 -1 1 32 31 -7 -4 -1 -2 0 0 0

188 186 110 22 28 87 94 76 0 57 19 2 0 2

196 200 230 195 209 35 43 -30 0 14 -44 -4 0 -4

375 341 201 112 121 89 66 140 50 77 13 35 0 35

431 391 262 161 169 101 107 129 61 63 5 40 0 40

-122 -114 30 76 84 -46 -44 -144 -4 -113 -27 -8 0 -8

66 -54 7 41 48 -35 -29 -61 -56 -81 76 120 0 120

-120 -100 79 39 44 41 33 -180 -3 -89 -87 -20 0 -20

-21 61 110 136 103 -26 -29 -49 -2 18 -65 -82 0 -82

332 413 356 302 265 55 44 56 -2 62 -3 -81 0 -81

-3 1

-5 19

-13 118

-9 57

-8 72

-8 22

-7 16

-5 0

-5 47

-2 153

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

41 41 24 4 0 19 9 18 4 1 13 0 0 0

84 84 64 10 3 54 47 20 0 0 19 0 0 0

289 285 166 39 24 126 119 119 0 46 73 4 0 4

439 408 273 64 55 209 199 135 0 97 38 31 0 31

483 438 297 70 62 227 207 141 4 99 38 45 0 45

626 567 319 75 66 245 224 247 4 144 100 60 0 60

669 620 341 82 75 259 236 279 56 125 98 49 0 49

659 540 345 90 84 255 231 195 3 101 91 119 0 119

655 525 365 98 93 267 242 160 2 71 87 130 0 130

562 481 388 106 103 283 263 93 2 39 52 81 0 81

4 0

5 1

14 8

9 22

8 24

8 27

7 30

5 39

5 44

2 49

215 196 19

1,147 899 248

2,170 2,063 107

2,696 2,476 220

2,669 2,437 233

2,996 2,636 359

2,496 2,275 221

2,600 2,268 333

3,093 2,809 284

3,047 2,808 239

187 0 311 5

1,031 85 1,219 11

4,217 256 4,854 194

6,046 646 6,982 231

6,832 882 7,956 303

7,261 804 8,292 333

6,790 819 7,836 476

6,467 796 7,399 490

7,288 803 8,290 438

8,231 919 9,101 274

.. 4.7 1.0 29.8 0.5 0.2 38.9 21.5 0.5 2.9

6.7 .. .. 29.1 0.4 0.2 40.0 20.3 0.5 2.7

6.8 .. .. 29.6 0.3 0.2 39.4 20.6 0.6 2.7

7.4 .. .. 30.4 0.2 0.0 40.2 18.4 0.6 2.8

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 13.8 3.6 6.4 28.8 0.3 19.7 14.3 0.0 13.2

.. 11.2 2.7 15.0 2.3 2.4 37.0 8.5 0.0 21.0

.. 12.0 3.2 22.7 3.2 0.9 36.2 13.9 0.5 7.5

.. 6.2 1.7 25.1 1.5 0.4 42.5 18.5 0.5 3.7

.. 5.9 1.6 27.1 1.1 0.3 41.4 18.8 0.5 3.4

.. 4.7 1.3 30.5 0.8 0.3 36.4 22.4 0.5 3.1

483 SRI LANKA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 682 -181 930 767 463 334 331 383 454 .. 4 -7 16 15 .. 0 0 0 0 .. 0 0 0 0 .. 296 -660 327 203 51 103 134 85 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 9 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 4 0 0 0

-658 -24 -29 0 -9 -579 -18

-602 -66 -18 0 0 -554 35

990 309 5 0 0 631 45

694 622 -99 0 -4 834 -658

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 19 .. .. .. .. ..

3.0 27.1 4.9 47.9

3.9 30.6 7.7 50.4

1.8 34.8 9.5 69.3

3.6 24.6 7.4 48.2

5.1 27.5 8.1 35.5

3.8 27.0 6.9 46.7

4.3 22.5 5.3 39.9

2.7 28.1 6.5 53.3

1.9 28.1 7.5 60.9

1.9 26.9 8.0 59.8

2.9 27.9 5.1 49.2

1.3 40.9 9.9 75.1

1.4 36.4 10.1 73.4

2.1 32.2 9.9 65.2

4.4 37.3 9.9 47.1

2.9 32.7 9.2 58.3

2.4 32.0 8.5 60.9

2.7 29.8 7.7 56.8

1.9 29.0 7.8 62.1

1.6 31.9 9.3 68.5

5.9 7.4 1.4 12.6

8.7 11.9 3.8 5.8

8.0 9.9 1.6 8.1

6.6 9.3 2.4 13.9

6.4 6.6 4.4 10.9

6.6 10.1 0.1 12.2

6.6 10.4 1.3 13.2

2.8 20.3 0.7 37.0

2.1 13.0 3.5 41.4

2.7 9.1 3.2 29.1

81 752 837 776 792 716 448 78 484 784 520 538 536 251 3 268 53 257 254 181 196 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

769 632 137

858 808 50

792 617 175

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,029 488 191

848 513 199

534 518 200

304 502 195

167 576 188

91 489 177

45 496 167

16 514 158

6 518 147

3 510 136

916 321 154

771 345 168

499 365 175

294 381 175

163 416 173

91 435 167

45 451 159

16 469 151

6 477 142

3 487 133

611 240 115

545 255 124

331 260 127

192 269 125

94 277 120

50 280 114

23 286 108

5 288 101

3 285 93

2 290 86

305 81 40

226 90 43

169 104 48

103 112 51

69 139 53

41 155 53

23 165 52

11 181 51

3 192 49

2 197 46

114 168 37

77 168 31

35 154 25

10 121 19

4 161 15

0 54 10

0 46 8

0 45 6

0 40 5

0 23 4

28 46 12

11 69 10

5 67 8

1 64 5

0 46 3

0 12 2

0 6 2

0 6 1

0 5 1

0 5 1

86 122 25

66 99 21

30 87 17

10 57 14

4 114 12

0 42 8

0 40 6

0 39 5

0 35 4

0 18 3

484 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

45.2 44.2 44.2 0.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0

114.1 112.0 112.0 0.0 0.0 2.1 0.1 0.1 0.0 0.1 0.0 0.1

128.2 124.3 124.3 0.0 2.3 1.5 0.3 0.3 0.0 0.1 0.1 0.0

138.0 133.7 133.7 0.0 2.2 2.0 0.1 0.1 0.0 0.1 0.1 0.0

156.6 152.7 152.7 0.0 2.1 1.8 0.2 0.2 0.0 0.0 0.0 0.0

218.1 214.7 214.7 0.0 2.0 1.4 0.4 0.4 0.0 0.0 0.0 0.0

263.9 260.8 260.8 0.0 1.1 1.9 0.5 0.5 0.0 0.0 0.0 0.0

310.3 308.8 308.8 0.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

7.3 7.3 0.0 1.5 1.5 0.0 5.8 0.0 1.5 1.4 0.0 0.1 4.3 3.0 2.9 0.0 0.1

54.9 54.9 0.0 4.6 4.6 0.0 50.5 0.2 2.2 2.1 0.0 0.1 48.3 6.8 6.7 0.0 0.1

23.9 21.7 2.2 5.8 5.8 0.0 17.3 -0.8 4.9 4.8 0.0 0.1 12.5 10.7 10.6 0.0 0.1

19.4 19.4 0.0 9.3 9.3 0.0 10.8 0.6 7.8 7.7 0.1 0.1 3.0 17.1 16.9 0.1 0.1

32.1 32.1 0.0 12.8 12.8 0.0 18.9 -0.4 7.3 7.1 0.1 0.1 11.6 20.1 19.9 0.1 0.1

71.8 71.8 0.0 9.5 9.5 0.0 61.8 -0.5 11.9 11.8 0.1 0.0 49.9 21.4 21.3 0.1 0.0

59.7 59.7 0.0 21.4 20.4 1.1 38.8 0.4 17.9 17.8 0.1 0.0 20.9 39.3 38.2 1.1 0.0

68.0 68.0 0.0 23.2 22.0 1.1 44.9 0.0 20.2 20.1 0.0 0.0 24.7 43.4 42.2 1.2 0.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

56.6 5.8 48.8 0.0 2.0 2.2 8.2 48.4

69.8 50.3 19.7 0.0 -0.2 2.3 32.6 37.1

53.2 15.9 31.9 0.0 5.5 1.1 13.8 39.4

69.1 10.2 57.7 0.0 1.2 0.8 6.8 62.3

117.3 19.3 96.2 0.0 1.8 0.6 4.9 112.4

155.9 62.4 88.2 0.0 5.3 1.1 19.3 136.5

127.7 39.4 80.4 0.0 8.0 0.6 25.9 101.8

98.8 46.0 52.7 0.0 0.2 0.1 4.7 94.1

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

50.1 1.4 5.0 6.8 43.3

50.9 2.1 16.7 30.8 20.2

27.1 4.8 21.3 10.7 16.5

39.2 7.7 22.2 1.7 37.5

89.0 7.1 21.2 0.8 88.1

120.7 11.8 23.4 15.1 105.5

87.3 17.8 22.7 20.3 66.9

57.5 20.1 21.2 -0.5 58.0

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

255.9 149.8 4.0 223.2 46.8 -46.3

276.4 152.5 4.0 255.4 49.6 -82.5

298.7 155.5 4.0 284.3 45.2 -66.2

304.5 158.7 4.0 280.7 56.4 -105.9

308.3 160.5 4.0 300.9 65.8 -124.0

299.3 124.2 4.0 238.1 64.8 -90.4

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

85.5 50.1 7.1 3.2 1.9 36.5 2.5 1.2 68.5 31.5

90.5 49.9 11.2 5.1 2.8 35.9 2.3 1.5 65.7 35.3

100.7 52.4 12.9 4.7 2.5 28.9 1.9 1.1 59.1 34.3

137.5 71.6 13.5 7.5 3.9 25.9 2.4 0.6 44.9 28.9

164.4 85.6 24.5 11.1 5.8 24.9 2.6 0.7 43.5 31.5

249.9 103.7 34.9 16.3 6.7 20.9 3.3 0.5 37.7 30.1

3. MAJOR ECONOMIC AGGREGATES 154.5 102.8 19.0 140.1 16.3 -47.0

249.7 143.1 3.0 219.9 36.1 -61.7

4. DEBT INDICATORS 44.0 29.3 2.9 1.5 1.0 36.0 1.4 2.3 76.7 44.2

79.7 45.7 4.8 1.5 0.9 31.6 2.0 1.9 73.1 35.2

485 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

44.2 44.2 41.4 20.0 15.1 21.5 19.5 2.7 0.0 0.0 2.7 0.0 0.0 0.0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

112.0 112.0 90.2 40.1 33.9 50.0 49.5 21.8 0.0 18.0 3.8 0.0 0.0 0.0

124.3 124.3 95.1 40.4 33.4 54.7 54.5 29.3 0.0 18.5 10.8 0.0 0.0 0.0

133.7 133.7 99.8 48.7 39.7 51.1 50.9 33.9 0.0 23.2 10.7 0.0 0.0 0.0

152.7 152.7 102.7 53.8 43.8 48.9 48.7 50.0 0.0 42.8 7.2 0.0 0.0 0.0

214.7 214.7 116.3 63.1 49.8 53.3 48.2 98.4 0.0 92.4 5.9 0.0 0.0 0.0

260.8 260.8 134.7 83.1 68.5 51.6 46.4 126.1 0.0 121.4 4.7 0.0 0.0 0.0

308.8 308.8 141.2 93.4 73.8 47.9 43.3 167.5 46.2 118.0 3.3 0.0 0.0 0.0

0.0 0.0

0.9 1.5

0.8 1.5

3.6 1.5

4.5 1.4

6.6 1.4

8.7 1.4

11.9 1.5

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

7.3 7.3 7.3 2.4 2.3 4.9 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

54.9 54.9 36.1 9.3 7.4 26.8 26.8 18.8 0.0 18.0 0.8 0.0 0.0 0.0

21.7 21.7 11.9 5.9 4.7 6.0 6.0 9.8 0.0 1.5 8.3 0.0 0.0 0.0

19.4 19.4 11.7 11.3 8.1 0.4 0.4 7.8 0.0 5.8 1.9 0.0 0.0 0.0

32.1 32.1 7.9 7.2 5.5 0.7 0.5 24.2 0.0 24.2 0.0 0.0 0.0 0.0

71.8 71.8 19.7 12.0 8.0 7.7 2.9 52.1 0.0 51.9 0.2 0.0 0.0 0.0

59.7 59.7 24.6 22.1 19.9 2.6 1.9 35.1 0.0 34.5 0.6 0.0 0.0 0.0

68.0 68.0 13.5 11.4 6.4 2.1 2.1 54.5 47.7 6.7 0.2 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.0 0.0

0.2 0.0

2.8 0.0

1.1 0.0

2.1 0.0

2.2 0.0

3.8 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.5 1.5 1.1 0.7 0.6 0.3 0.2 0.4 0.0 0.0 0.4 0.0 0.0 0.0

4.6 4.6 3.2 2.1 1.5 1.1 0.8 1.4 0.0 0.0 1.4 0.0 0.0 0.0

5.8 5.8 3.5 2.1 1.6 1.4 1.2 2.3 0.0 0.9 1.4 0.0 0.0 0.0

9.3 9.3 6.1 2.3 1.7 3.9 3.8 3.1 0.0 1.2 2.0 0.0 0.0 0.0

12.8 12.8 4.8 2.1 1.6 2.7 2.6 8.0 0.0 4.6 3.5 0.0 0.0 0.0

9.5 9.5 5.7 2.5 2.0 3.2 3.2 3.7 0.0 2.2 1.5 0.0 0.0 0.0

20.4 20.4 6.7 2.0 1.6 4.7 4.2 13.7 0.0 11.8 1.9 0.0 0.0 0.0

22.0 22.0 8.9 2.6 1.7 6.3 5.6 13.1 1.4 10.0 1.7 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.6 0.0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

5.8 5.8 6.2 1.7 1.6 4.6 4.7 -0.4 0.0 0.0 -0.4 0.0 0.0 0.0

50.3 50.3 32.9 7.2 5.9 25.7 26.0 17.4 0.0 18.0 -0.6 0.0 0.0 0.0

15.9 15.9 8.4 3.8 3.1 4.6 4.8 7.5 0.0 0.5 6.9 0.0 0.0 0.0

10.2 10.2 5.5 9.0 6.4 -3.5 -3.4 4.6 0.0 4.7 0.0 0.0 0.0 0.0

19.3 19.3 3.1 5.1 3.9 -2.0 -2.1 16.2 0.0 19.6 -3.5 0.0 0.0 0.0

62.4 62.4 14.0 9.5 6.0 4.5 -0.3 48.3 0.0 49.6 -1.3 0.0 0.0 0.0

39.4 39.4 18.0 20.1 18.3 -2.1 -2.3 21.4 0.0 22.7 -1.3 0.0 0.0 0.0

46.0 46.0 4.6 8.8 4.8 -4.2 -3.5 41.4 46.2 -3.3 -1.5 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

-0.1 0.0

0.1 0.0

2.7 0.0

1.0 0.0

2.1 0.0

2.1 0.0

3.2 0.0

5. LONG-TERM DEBT

486 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.4 1.4 1.4 0.7 0.5 0.7 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 1.9 1.0 0.8 0.9 0.8 0.3 0.0 0.0 0.2 0.0 0.0 0.0

4.8 4.8 3.2 1.3 1.0 1.9 1.9 1.6 0.0 1.4 0.2 0.0 0.0 0.0

7.7 7.7 5.0 1.5 1.2 3.5 3.5 2.7 0.0 1.9 0.7 0.0 0.0 0.0

7.1 7.1 4.1 2.0 1.5 2.2 2.1 3.0 0.0 2.3 0.7 0.0 0.0 0.0

11.8 11.8 4.2 2.4 1.8 1.8 1.7 7.6 0.0 7.1 0.5 0.0 0.0 0.0

17.8 17.8 5.6 3.2 2.4 2.4 2.0 12.2 0.0 11.8 0.4 0.0 0.0 0.0

20.1 20.1 5.3 2.8 2.0 2.5 2.2 14.9 2.9 11.7 0.3 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.3 0.0

0.4 0.0

0.5 0.0

0.6 0.0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

4.4 4.4 4.8 1.0 1.1 3.8 4.1 -0.5 0.0 0.0 -0.5 0.0 0.0 0.0

48.2 48.2 31.0 6.1 5.2 24.8 25.2 17.2 0.0 18.0 -0.8 0.0 0.0 0.0

11.1 11.1 5.2 2.5 2.1 2.7 2.9 5.9 0.0 -0.9 6.8 0.0 0.0 0.0

2.5 2.5 0.5 7.5 5.2 -7.0 -6.9 2.0 0.0 2.8 -0.8 0.0 0.0 0.0

12.2 12.2 -1.0 3.2 2.4 -4.2 -4.2 13.1 0.0 17.3 -4.2 0.0 0.0 0.0

50.6 50.6 9.8 7.1 4.2 2.7 -2.1 40.7 0.0 42.5 -1.7 0.0 0.0 0.0

21.6 21.6 12.4 16.9 15.9 -4.5 -4.3 9.2 0.0 10.9 -1.7 0.0 0.0 0.0

25.8 25.8 -0.7 5.9 2.8 -6.6 -5.7 26.5 43.4 -15.1 -1.8 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

-0.2 0.0

0.0 0.0

2.7 0.0

0.7 0.0

1.7 0.0

1.6 0.0

2.6 -0.1

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

2.9 2.9 2.4 1.4 1.2 1.0 0.8 0.5 0.0 0.0 0.5 0.0 0.0 0.0

6.7 6.7 5.1 3.2 2.3 1.9 1.6 1.6 0.0 0.0 1.6 0.0 0.0 0.0

10.6 10.6 6.7 3.4 2.6 3.3 3.0 3.9 0.0 2.3 1.6 0.0 0.0 0.0

16.9 16.9 11.2 3.7 2.9 7.4 7.3 5.8 0.0 3.1 2.7 0.0 0.0 0.0

19.9 19.9 8.9 4.0 3.1 4.8 4.8 11.0 0.0 6.9 4.2 0.0 0.0 0.0

21.3 21.3 9.9 4.9 3.8 5.0 4.9 11.3 0.0 9.4 2.0 0.0 0.0 0.0

38.2 38.2 12.3 5.2 4.0 7.1 6.2 25.9 0.0 23.6 2.3 0.0 0.0 0.0

42.2 42.2 14.2 5.4 3.6 8.7 7.8 28.0 4.3 21.7 2.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.2 0.0

0.1 0.0

0.2 0.0

0.3 0.0

0.4 0.0

0.6 0.0

1.2 0.1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

15.3 14.3 1.1

47.8 47.8 0.0

53.3 51.3 1.9

65.6 50.6 15.0

64.2 56.7 7.6

59.6 46.4 13.2

57.0 46.7 10.3

42.5 39.1 3.4

.. .. .. ..

.. .. .. ..

34.7 0.0 40.7 3.4

83.4 1.6 111.5 0.5

87.9 1.4 124.2 0.1

90.6 4.7 133.7 0.0

92.5 5.6 152.7 0.0

98.0 13.9 214.7 0.0

114.9 24.9 260.8 0.0

117.1 36.8 308.8 0.0

.. 0.0 0.0 0.0 1.5 0.0 79.5 8.9 0.3 9.7

2.4 .. .. 0.0 1.0 0.0 80.5 5.7 0.2 10.3

1.7 .. .. 0.0 0.8 0.0 82.2 4.4 0.2 10.6

2.1 .. .. 0.0 0.8 0.0 83.8 3.5 0.2 9.6

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 0.0 0.0 0.0 16.3 0.0 37.8 35.6 0.0 10.3

.. 0.0 0.0 0.0 3.6 0.0 72.5 15.6 0.0 8.3

.. 0.0 0.0 0.0 2.8 0.0 74.3 12.8 0.0 10.1

.. 0.0 0.0 0.0 2.0 0.0 75.8 11.1 0.0 11.1

487 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION .. 8.6 49.6 14.1 9.8 5.8 50.5 17.3 10.8 .. .. -0.1 0.0 0.2 -0.2 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 1.3 -0.7 0.3 -0.8 .. 0.6 -0.2 -3.7 -0.1 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

18.6 18.9 0.1 0.0 0.0 -0.8 0.3

61.5 61.8 0.1 0.0 0.0 -0.4 -0.1

45.8 38.8 0.1 0.0 0.0 1.7 5.2

46.4 44.9 -0.5 0.0 0.0 1.6 0.4

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

4.0 31.7 7.5 41.5

6.2 12.0 6.0 17.8

5.1 14.8 4.0 27.4

6.8 15.4 3.6 20.7

5.9 13.0 2.7 19.3

6.5 13.0 3.2 16.9

5.4 12.6 4.5 24.7

7.5 10.9 4.3 12.7

.. .. .. ..

.. .. .. ..

4.5 38.0 9.0 46.1

4.9 15.0 3.5 27.8

4.4 20.2 5.7 38.5

2.8 21.8 6.0 49.8

4.8 16.5 4.5 31.0

4.0 18.0 4.1 36.6

2.3 17.6 4.4 47.0

1.5 16.8 4.2 51.1

.. .. .. ..

.. .. .. ..

2.0 5.8 1.3 22.5

7.5 9.1 8.4 8.0

6.1 6.8 1.4 10.9

9.6 10.9 1.9 0.6

7.0 9.7 1.1 8.3

7.1 11.7 2.9 12.2

7.6 9.0 4.5 9.0

8.4 10.0 4.3 7.0

.. .. 5 37 29 35 32 .. .. 4 19 17 14 16 .. .. 1 19 12 21 17 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

72 14 58

65 27 38

55 7 48

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

15.9 24.2 17.3

9.8 25.8 16.1

6.1 26.6 14.8

4.3 28.0 13.3

2.7 37.7 11.0

1.3 26.6 9.5

1.1 23.8 8.1

0.5 27.8 6.8

0.4 32.0 4.4

0.3 32.1 2.9

13.4 9.8 4.3

8.9 10.4 4.2

6.1 11.2 4.0

4.3 13.3 3.7

2.7 13.1 3.3

1.3 13.1 3.0

1.1 13.3 2.6

0.5 13.0 2.2

0.4 12.1 1.7

0.3 9.6 1.4

1.9 5.6 1.9

1.0 5.7 1.7

0.4 5.8 1.5

0.3 5.8 1.3

0.0 4.8 1.1

0.0 4.8 0.9

0.0 4.8 0.7

0.0 4.8 0.5

0.0 3.8 0.2

0.0 1.4 0.1

11.4 4.2 2.4

7.9 4.7 2.5

5.6 5.4 2.5

4.0 7.4 2.4

2.7 8.3 2.3

1.3 8.3 2.1

1.1 8.5 1.9

0.5 8.3 1.7

0.4 8.3 1.5

0.3 8.2 1.3

2.5 14.4 13.0

0.9 15.5 11.9

0.0 15.4 10.8

0.0 14.7 9.6

0.0 24.6 7.6

0.0 13.6 6.5

0.0 10.6 5.5

0.0 14.7 4.7

0.0 19.9 2.7

0.0 22.5 1.4

2.4 10.1 9.0

0.8 11.3 8.2

0.0 11.9 7.4

0.0 11.9 6.5

0.0 21.7 4.8

0.0 10.7 3.9

0.0 7.7 3.2

0.0 11.9 2.5

0.0 17.0 0.8

0.0 2.0 0.6

0.1 4.3 4.0

0.0 4.1 3.7

0.0 3.5 3.4

0.0 2.9 3.1

0.0 2.9 2.9

0.0 2.9 2.6

0.0 2.9 2.4

0.0 2.9 2.1

0.0 2.9 1.9

0.0 20.5 0.9

488 ST. LUCIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. 0.0 .. .. .. .. .. .. ..

79.2 72.1 72.1 0.0 0.0 7.0 0.8 0.8 0.0 0.1 0.1 0.0

152.9 119.9 119.9 0.0 0.0 33.0 0.0 0.0 0.0 0.0 0.0 0.0

190.1 133.6 133.6 0.0 0.0 56.5 0.0 0.0 0.0 0.0 0.0 0.0

196.2 140.9 140.9 0.0 0.0 55.3 0.0 0.0 0.0 0.0 0.0 0.0

235.3 167.6 167.6 0.0 0.0 67.8 0.0 0.0 0.0 0.0 0.0 0.0

235.7 166.0 166.0 0.0 0.0 69.7 0.0 0.0 0.0 0.0 0.0 0.0

414.9 210.7 210.7 0.0 0.0 204.2 0.0 0.0 0.0 0.0 0.0 0.0

368.3 235.0 235.0 0.0 0.0 133.3 1.3 1.2 0.1 0.3 0.3 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. 0.0 .. .. 0.0 .. .. .. .. 0.0 .. .. .. .. 0.0 ..

8.0 8.0 0.0 3.2 3.2 0.0 7.0 2.2 3.1 2.8 0.0 0.3 3.8 6.3 6.0 0.0 0.3

10.4 10.4 0.0 6.9 6.9 0.0 16.3 12.8 6.6 5.2 0.0 1.4 9.7 13.5 12.1 0.0 1.4

19.5 19.5 0.0 8.2 8.2 0.0 34.8 23.5 8.1 5.8 0.0 2.4 26.7 16.3 14.0 0.0 2.4

20.7 20.7 0.0 10.3 10.3 0.0 9.2 -1.2 8.9 6.4 0.0 2.5 0.3 19.2 16.7 0.0 2.5

50.9 50.9 0.0 20.9 20.9 0.0 42.5 12.5 10.3 7.5 0.0 2.8 32.2 31.2 28.4 0.0 2.8

16.7 16.7 0.0 13.9 13.9 0.0 4.7 2.0 11.5 9.0 0.0 2.5 -6.7 25.4 22.8 0.0 2.5

50.1 50.1 0.0 9.4 9.4 0.0 175.2 134.5 16.7 8.7 0.0 8.0 158.4 26.2 18.2 0.0 8.0

33.1 33.1 0.0 15.6 15.6 0.0 -54.8 -72.2 17.0 12.0 0.0 5.0 -71.7 32.6 27.6 0.0 5.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

52.9 4.8 44.8 0.2 3.1 3.5 8.7 44.2

56.3 3.5 47.8 0.0 5.0 4.4 8.5 47.8

109.0 11.3 83.4 0.0 14.3 4.5 18.5 90.4

113.7 10.4 82.8 0.0 20.6 3.5 16.1 97.6

95.2 30.0 54.9 0.0 10.3 4.4 15.4 79.8

43.2 2.8 22.4 0.0 18.0 3.4 13.4 29.8

87.5 40.7 31.4 0.0 15.4 4.5 26.1 61.4

61.0 17.4 32.0 0.0 11.6 3.4 20.1 41.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

23.6 2.8 26.5 6.1 17.5

24.7 5.2 26.4 3.3 21.4

71.3 5.8 31.9 12.8 58.5

80.3 6.4 27.1 10.8 69.5

56.3 7.5 31.4 10.2 46.1

6.5 9.0 27.8 9.3 -2.9

51.0 8.7 27.7 21.9 29.1

18.1 12.0 31.0 15.6 2.5

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

596.7 393.3 3.0 472.9 70.6 -60.2

630.6 369.6 3.0 488.8 74.5 -96.8

640.1 388.1 3.0 484.4 78.8 -78.8

611.4 340.4 4.0 429.5 88.9 -75.0

633.0 330.7 4.0 447.6 93.9 -103.9

643.8 372.9 4.0 506.2 106.9 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

48.3 31.9 4.2 2.1 1.4 37.1 1.8 29.7 45.2 48.9

53.1 31.1 5.2 2.4 1.4 38.0 1.8 28.2 40.6 47.1

60.6 36.8 8.0 2.7 1.6 33.5 2.0 28.8 32.9 42.3

69.3 38.6 7.4 3.4 1.9 37.7 2.5 29.6 30.7 40.3

125.5 65.5 7.9 5.1 2.6 22.6 2.5 49.2 20.6 26.1

98.8 57.2 8.7 4.5 2.6 29.0 2.5 36.2 25.4 33.3

3. MAJOR ECONOMIC AGGREGATES 369.2 301.2 16.0 352.1 44.6 -57.0

542.1 362.0 2.0 453.3 61.0 -78.3

4. DEBT INDICATORS 26.3 21.4 2.1 1.0 0.9 56.3 1.5 8.9 41.6 53.3

42.3 28.2 3.7 1.8 1.2 39.9 1.6 21.6 54.9 56.2

489 ST. LUCIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

72.1 72.1 69.5 42.2 32.5 27.3 0.4 2.6 0.0 2.6 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

119.9 119.9 119.9 86.0 61.6 33.9 22.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

133.6 133.6 126.5 93.0 62.0 33.6 23.8 7.1 0.0 7.1 0.0 0.0 0.0 0.0

140.9 140.9 119.0 92.4 59.3 26.6 20.4 21.9 0.0 21.9 0.0 0.0 0.0 0.0

167.6 167.6 120.7 99.5 58.9 21.3 18.5 46.8 0.0 46.8 0.0 0.0 0.0 0.0

166.0 166.0 111.8 95.0 58.0 16.7 14.3 54.2 0.0 54.2 0.0 0.0 0.0 0.0

210.7 210.7 126.5 108.1 68.8 18.4 16.5 84.2 0.0 84.2 0.0 0.0 0.0 0.0

235.0 235.0 141.8 122.5 75.8 19.3 17.8 93.2 0.0 93.2 0.0 0.0 0.0 0.0

0.0 0.0

3.7 9.7

5.4 11.4

6.2 11.6

6.0 11.6

5.2 11.8

5.9 20.1

10.1 23.2

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

8.0 8.0 8.0 6.9 4.3 1.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.4 10.4 10.4 7.0 5.2 3.3 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

19.5 19.5 12.5 11.1 2.9 1.4 1.4 7.1 0.0 7.1 0.0 0.0 0.0 0.0

20.7 20.7 5.8 5.8 1.2 0.0 0.0 14.9 0.0 14.9 0.0 0.0 0.0 0.0

50.9 50.9 16.8 15.7 3.7 1.1 1.1 34.1 0.0 34.1 0.0 0.0 0.0 0.0

16.7 16.7 3.2 3.2 2.8 0.0 0.0 13.4 0.0 13.4 0.0 0.0 0.0 0.0

50.1 50.1 20.1 17.2 12.8 2.9 2.9 30.0 0.0 30.0 0.0 0.0 0.0 0.0

33.1 33.1 18.1 16.9 6.5 1.2 1.2 15.0 0.0 15.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.4 2.0

1.5 1.2

0.8 0.5

0.9 0.7

0.3 0.8

1.0 7.3

5.1 1.3

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

3.2 3.2 2.4 2.4 2.0 0.0 0.0 0.8 0.0 0.8 0.0 0.0 0.0 0.0

6.9 6.9 6.9 4.9 2.8 2.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8.2 8.2 8.2 5.4 3.2 2.8 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.3 10.3 10.2 5.7 3.2 4.6 1.3 0.1 0.0 0.1 0.0 0.0 0.0 0.0

20.9 20.9 11.7 6.6 3.1 5.1 2.0 9.2 0.0 9.2 0.0 0.0 0.0 0.0

13.9 13.9 7.9 6.8 3.4 1.1 0.8 6.0 0.0 6.0 0.0 0.0 0.0 0.0

9.4 9.4 9.4 6.4 3.8 3.0 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

15.6 15.6 9.6 7.2 3.6 2.4 1.8 6.0 0.0 6.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.2 0.0

0.2 0.0

0.2 0.0

0.5 0.1

0.7 0.1

0.7 0.1

1.5 0.1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

4.8 4.8 5.6 4.5 2.2 1.1 0.2 -0.8 0.0 -0.8 0.0 0.0 0.0 0.0

3.5 3.5 3.5 2.2 2.4 1.3 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

11.3 11.3 4.3 5.7 -0.3 -1.4 0.5 7.0 0.0 7.0 0.0 0.0 0.0 0.0

10.4 10.4 -4.4 0.1 -2.0 -4.6 -1.3 14.8 0.0 14.8 0.0 0.0 0.0 0.0

30.0 30.0 5.1 9.0 0.7 -4.0 -0.9 24.9 0.0 24.9 0.0 0.0 0.0 0.0

2.8 2.8 -4.7 -3.6 -0.6 -1.1 -0.8 7.4 0.0 7.4 0.0 0.0 0.0 0.0

40.7 40.7 10.7 10.8 9.1 -0.1 0.7 30.0 0.0 30.0 0.0 0.0 0.0 0.0

17.4 17.4 8.5 9.6 3.0 -1.2 -0.6 9.0 0.0 9.0 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.2 2.0

1.3 1.2

0.6 0.5

0.4 0.6

-0.4 0.6

0.3 7.1

3.6 1.2

5. LONG-TERM DEBT

490 ST. LUCIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

2.8 2.8 2.6 1.8 1.3 0.8 0.0 0.2 0.0 0.2 0.0 0.0 0.0 0.0

5.2 5.2 5.2 3.7 1.9 1.5 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.8 5.8 5.8 3.9 2.0 1.8 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.4 6.4 5.3 3.6 1.4 1.7 1.0 1.1 0.0 1.1 0.0 0.0 0.0 0.0

7.5 7.5 5.2 4.0 1.7 1.2 0.9 2.3 0.0 2.3 0.0 0.0 0.0 0.0

9.0 9.0 4.1 3.8 1.5 0.3 0.3 4.9 0.0 4.9 0.0 0.0 0.0 0.0

8.7 8.7 4.2 3.5 1.6 0.7 0.7 4.6 0.0 4.6 0.0 0.0 0.0 0.0

12.0 12.0 4.5 3.7 1.7 0.8 0.8 7.5 0.0 7.5 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.3 0.1

0.3 0.1

0.3 0.1

0.3 0.1

0.3 0.1

0.3 0.1

0.4 0.2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

2.0 2.0 3.0 2.7 1.0 0.3 0.2 -1.0 0.0 -1.0 0.0 0.0 0.0 0.0

-1.7 -1.7 -1.7 -1.5 0.5 -0.2 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.5 5.5 -1.5 1.8 -2.3 -3.2 -0.4 7.0 0.0 7.0 0.0 0.0 0.0 0.0

4.0 4.0 -9.7 -3.5 -3.4 -6.3 -2.3 13.8 0.0 13.8 0.0 0.0 0.0 0.0

22.5 22.5 -0.1 5.0 -1.0 -5.1 -1.8 22.6 0.0 22.6 0.0 0.0 0.0 0.0

-6.2 -6.2 -8.7 -7.4 -2.1 -1.4 -1.1 2.5 0.0 2.5 0.0 0.0 0.0 0.0

31.9 31.9 6.6 7.3 7.4 -0.7 0.0 25.4 0.0 25.4 0.0 0.0 0.0 0.0

5.5 5.5 4.0 6.0 1.3 -1.9 -1.4 1.5 0.0 1.5 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

-0.1 1.9

1.1 1.2

0.3 0.4

0.0 0.5

-0.7 0.6

0.0 7.1

3.2 1.0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

6.0 6.0 5.0 4.2 3.3 0.8 0.0 1.0 0.0 1.0 0.0 0.0 0.0 0.0

12.1 12.1 12.1 8.6 4.7 3.5 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.0 14.0 13.9 9.3 5.2 4.6 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.7 16.7 15.5 9.3 4.6 6.3 2.3 1.1 0.0 1.1 0.0 0.0 0.0 0.0

28.4 28.4 16.9 10.7 4.8 6.2 2.9 11.5 0.0 11.5 0.0 0.0 0.0 0.0

22.8 22.8 12.0 10.6 4.8 1.4 1.1 10.9 0.0 10.9 0.0 0.0 0.0 0.0

18.2 18.2 13.5 9.9 5.4 3.7 2.9 4.6 0.0 4.6 0.0 0.0 0.0 0.0

27.6 27.6 14.0 10.9 5.3 3.1 2.6 13.5 0.0 13.5 0.0 0.0 0.0 0.0

.. ..

0.0 0.0

0.0 0.0

0.5 0.1

0.4 0.1

0.6 0.1

0.9 0.2

1.0 0.2

1.0 0.2

1.9 0.3

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

53.5 53.5 0.0

60.8 46.7 14.1

55.4 45.0 10.4

61.8 42.2 19.6

65.5 56.5 9.0

74.7 74.7 0.0

110.8 95.8 15.0

94.1 94.1 0.0

.. .. .. ..

.. .. .. ..

32.9 0.0 72.1 0.0

84.0 5.1 119.9 0.0

85.9 7.5 133.6 0.0

79.7 11.4 140.9 0.0

77.4 11.6 167.6 0.0

72.3 17.0 166.0 0.0

85.3 22.8 210.7 0.0

93.6 26.6 235.0 0.0

.. 0.6 6.2 0.3 1.9 0.0 50.3 5.0 1.8 33.9

4.6 .. .. 0.0 1.7 0.0 53.1 5.0 1.7 34.1

5.2 .. .. 0.0 1.0 0.0 58.7 4.8 1.5 28.8

5.2 .. .. 0.0 0.7 0.0 62.4 4.5 1.4 25.8

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 6.0 0.3 4.0 40.3 1.1 32.8 0.0 0.8 14.8

.. 1.6 13.2 1.2 10.2 0.3 62.4 5.1 1.7 4.2

.. 1.3 12.0 1.0 7.7 0.2 61.9 5.8 1.9 8.3

.. 0.9 8.9 0.7 4.8 0.1 58.4 6.0 2.2 18.0

491 ST. LUCIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 0.4 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 8. DEBT STOCK-FLOW RECONCILIATION 11.4 37.1 6.1 .. 13.5 .. 7.0 16.3 34.8 9.2 .. 0.8 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. -0.4 0.0 0.0 0.0 5.8 -4.7 1.8 -3.1 .. .. 0.3 -0.3 0.5 0.0 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

39.2 42.5 0.0 0.0 0.0 -3.2 -0.1

0.4 4.7 0.0 0.0 0.0 -1.8 -2.5

179.2 175.2 0.0 0.0 0.0 3.7 0.3

-46.6 -54.8 1.3 0.0 0.0 5.5 1.4

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

4.3 24.1 8.2 42.8

6.1 12.9 8.0 23.5

4.2 22.1 7.8 43.7

2.7 6.6 4.1 18.4

7.3 18.0 9.3 17.9

5.5 18.4 5.2 29.0

5.2 15.9 4.4 30.1

3.2 18.7 6.5 45.3

.. .. .. ..

.. .. .. ..

4.3 24.1 8.2 42.8

3.3 15.7 3.6 38.5

3.1 26.1 7.6 53.3

0.6 24.9 6.9 66.4

6.0 22.7 5.5 26.7

3.9 23.5 6.4 43.9

2.4 21.6 6.1 52.1

3.2 18.7 6.5 45.3

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

8.0 11.0 11.0 13.0

7.5 8.9 8.3 12.3

3.0 4.4 3.7 12.4

8.7 13.2 13.2 9.1

8.5 9.2 2.8 2.1

7.7 10.8 3.0 9.8

0.0 0.0 0.0 0.0

.. .. 35 24 14 27 65 .. .. 35 10 11 3 33 .. .. 0 14 3 24 33 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

38 24 13

86 41 45

16 16 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

26.6 11.4 12.8

18.7 15.1 12.6

11.9 19.4 12.0

9.3 21.4 11.2

5.5 38.9 10.1

3.6 21.4 7.9

2.3 20.0 6.9

1.7 18.2 6.0

0.8 16.2 5.2

0.6 12.5 4.5

26.6 11.1 5.2

18.7 11.2 5.1

11.9 14.3 4.8

9.3 15.2 4.4

5.5 15.6 4.0

3.6 15.2 3.5

2.3 13.8 3.0

1.7 12.0 2.6

0.8 10.0 2.2

0.6 9.4 2.0

2.5 2.5 1.0

1.8 2.5 0.9

1.3 3.7 0.8

1.0 3.4 0.7

0.6 3.4 0.6

0.3 2.8 0.4

0.2 2.3 0.3

0.2 1.4 0.3

0.0 0.6 0.2

0.0 0.6 0.2

24.1 8.6 4.2

16.8 8.7 4.1

10.6 10.6 3.9

8.4 11.9 3.7

4.9 12.2 3.4

3.3 12.4 3.0

2.2 11.6 2.7

1.5 10.6 2.3

0.8 9.4 2.0

0.6 8.9 1.8

0.0 0.4 7.7

0.0 3.9 7.6

0.0 5.2 7.2

0.0 6.2 6.8

0.0 23.3 6.2

0.0 6.2 4.4

0.0 6.2 3.9

0.0 6.2 3.5

0.0 6.2 3.0

0.0 3.0 2.5

0.0 0.4 7.7

0.0 3.9 7.6

0.0 5.2 7.2

0.0 6.2 6.8

0.0 23.3 6.2

0.0 6.2 4.4

0.0 6.2 3.9

0.0 6.2 3.5

0.0 6.2 3.0

0.0 3.0 2.5

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

492 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

1.5 1.5 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.6 10.3 10.3 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

61.0 58.9 58.9 0.0 0.0 2.1 0.1 0.1 0.0 0.1 0.1 0.0

118.4 92.8 92.8 0.0 0.0 25.6 0.2 0.1 0.1 0.1 0.1 0.0

136.5 108.1 108.1 0.0 0.0 28.4 0.0 0.0 0.0 0.2 0.2 0.0

194.4 162.6 162.6 0.0 0.0 31.9 0.1 0.1 0.0 0.3 0.3 0.0

195.6 164.3 164.3 0.0 0.0 31.4 0.4 0.4 0.0 0.9 0.9 0.0

194.6 163.3 163.3 0.0 0.0 31.3 1.3 0.3 0.9 0.1 0.1 0.0

206.4 174.1 174.1 0.0 0.0 32.4 2.4 0.3 2.0 0.6 0.6 0.0

229.5 196.0 196.0 0.0 0.0 33.5 3.5 0.6 2.9 2.3 1.0 1.3

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

0.4 0.4 0.0 0.0 0.0 0.0 0.4 0.0 0.1 0.1 0.0 0.0 0.3 0.1 0.1 0.0 0.0

3.5 3.0 0.5 0.1 0.1 0.0 3.4 0.0 0.3 0.3 0.0 0.0 3.1 0.4 0.4 0.0 0.0

7.2 7.2 0.0 2.4 2.4 0.0 5.2 0.4 1.9 1.7 0.0 0.2 3.3 4.3 4.1 0.0 0.2

9.8 9.8 0.0 6.9 6.9 0.0 -0.7 -3.6 4.8 3.2 0.0 1.6 -5.5 11.8 10.1 0.0 1.6

20.8 20.8 0.0 6.8 6.8 0.0 17.0 3.0 5.0 3.4 0.0 1.6 11.9 11.9 10.3 0.0 1.6

64.2 64.2 0.0 6.2 6.2 0.0 61.5 3.4 8.4 6.6 0.0 1.8 53.1 14.5 12.7 0.0 1.8

8.5 8.5 0.0 6.2 6.2 0.0 1.5 -0.8 7.0 5.2 0.0 1.9 -5.5 13.3 11.4 0.0 1.9

7.8 7.8 0.0 6.7 6.7 0.0 0.2 -0.9 7.2 5.4 0.0 1.8 -7.0 13.9 12.1 0.0 1.8

18.4 18.4 0.0 7.6 7.6 0.0 10.8 0.0 5.6 4.4 0.0 1.2 5.2 13.2 12.0 0.0 1.2

26.5 26.5 0.0 8.6 8.6 0.0 17.9 0.0 5.8 4.6 0.0 1.2 12.1 14.4 13.2 0.0 1.2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.4

8.9 2.9 1.1 0.0 4.9 1.0 7.7 1.2

15.9 4.8 7.7 0.0 3.4 2.4 8.2 7.7

99.7 2.9 92.5 0.0 4.4 2.5 8.8 90.9

114.5 14.0 89.0 0.0 11.6 2.0 25.9 88.6

127.5 58.1 56.1 0.0 13.4 2.0 14.0 113.6

35.0 2.3 29.1 0.0 3.6 1.2 6.3 28.7

26.9 1.1 21.1 0.0 4.7 1.3 6.2 20.7

47.8 10.8 32.5 0.0 4.4 0.9 7.8 40.0

59.5 17.9 37.7 0.0 3.9 1.5 1.1 58.4

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

0.3 0.1 0.0 0.0 0.3

8.6 0.3 0.0 7.5 1.2

0.9 1.7 13.3 6.5 -5.6

86.2 3.2 10.3 6.1 80.1

100.3 3.4 10.8 22.7 77.6

106.2 6.6 14.8 10.6 95.6

17.2 5.2 12.7 3.0 14.2

10.3 5.4 11.2 2.4 8.0

31.9 4.4 11.4 4.1 27.9

44.2 4.6 10.7 -2.5 46.6

18.5 .. 0.0 .. .. ..

59.4 39.6 0.0 65.0 7.3 -9.3

304.5 160.5 3.0 265.8 38.8 -92.3

311.0 178.7 3.0 265.6 42.6 -72.5

316.3 181.1 3.0 226.8 55.2 -29.4

327.6 176.5 3.0 230.4 61.4 -41.3

343.2 180.3 3.0 234.8 53.2 -42.3

355.8 .. 3.0 .. 51.2 ..

.. 7.9 .. .. 0.4 .. .. .. .. ..

26.8 17.9 1.1 0.7 0.5 68.4 1.3 0.0 56.9 58.4

85.1 44.8 7.4 3.1 1.7 28.4 1.8 20.8 67.6 50.9

108.8 62.5 8.1 4.7 2.7 21.9 1.9 16.4 47.1 34.1

108.0 61.9 7.3 3.9 2.2 28.2 2.9 16.0 47.3 34.8

110.3 59.4 7.9 4.1 2.2 31.6 3.2 16.1 47.5 36.0

114.5 60.1 7.3 3.1 1.6 25.8 2.7 15.7 46.1 37.6

.. 64.5 .. .. 1.6 22.3 .. 14.6 42.0 34.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

187.3 148.7 16.0 167.9 26.5 -23.6

283.0 149.4 2.0 244.3 31.2 -84.2

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

41.0 32.6 2.9 1.3 1.0 43.5 1.9 3.5 82.5 81.0

79.2 41.8 7.9 3.2 1.7 26.3 1.5 21.6 68.9 51.1

493 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1.5 1.5 0.0 0.0 0.0 0.0 0.0 1.5 1.5 0.0 0.0 0.0 0.0 0.0

10.3 10.3 9.4 6.2 5.1 3.2 1.0 0.9 0.8 0.0 0.1 0.0 0.0 0.0

58.9 58.9 58.8 49.4 41.9 9.5 8.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

92.8 92.8 91.0 60.5 51.4 30.5 30.2 1.8 0.0 1.8 0.0 0.0 0.0 0.0

108.1 108.1 106.7 69.5 55.1 37.2 37.2 1.4 0.0 1.4 0.0 0.0 0.0 0.0

162.6 162.6 103.7 66.3 54.2 37.4 37.4 58.9 0.0 1.0 57.9 0.0 0.0 0.0

164.3 164.3 105.8 68.1 54.9 37.7 37.7 58.5 0.0 0.6 57.9 0.0 0.0 0.0

163.3 163.3 105.2 70.1 57.3 35.2 35.2 58.1 0.0 0.2 57.9 0.0 0.0 0.0

174.1 174.1 108.5 77.6 64.3 30.8 30.8 65.6 0.0 0.8 64.8 0.0 0.0 0.0

196.0 196.0 109.6 78.1 64.8 31.5 31.5 86.4 0.0 0.6 85.8 0.0 0.0 0.0

0.0 6.2

0.3 7.3

0.2 7.6

0.2 7.4

0.1 7.0

0.1 7.7

0.5 10.1

0.6 11.5

3.0 3.0 2.9 2.8 1.9 0.1 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0

7.2 7.2 7.2 6.6 5.3 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.8 9.8 9.8 8.6 8.0 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

20.8 20.8 20.8 12.4 6.5 8.4 8.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

64.2 64.2 6.4 3.6 3.2 2.8 2.8 57.9 0.0 0.0 57.9 0.0 0.0 0.0

8.5 8.5 8.5 5.7 2.6 2.8 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.8 7.8 7.8 6.5 5.6 1.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

18.4 18.4 9.9 9.2 8.5 0.7 0.7 8.6 0.0 1.1 7.5 0.0 0.0 0.0

26.5 26.5 4.3 2.6 2.4 1.7 1.7 22.2 0.0 0.0 22.2 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.9

0.1 0.0

0.0 0.1

0.0 0.1

0.0 0.0

0.0 1.1

0.5 1.8

0.1 0.5

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

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

0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.4 2.4 2.4 2.2 1.7 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.9 6.9 5.4 3.7 2.6 1.6 1.4 1.6 0.0 1.6 0.0 0.0 0.0 0.0

6.8 6.8 6.4 4.5 3.2 2.0 1.7 0.4 0.0 0.4 0.0 0.0 0.0 0.0

6.2 6.2 5.8 3.9 2.6 1.9 1.9 0.4 0.0 0.4 0.0 0.0 0.0 0.0

6.2 6.2 5.8 3.9 2.6 1.9 1.9 0.4 0.0 0.4 0.0 0.0 0.0 0.0

6.7 6.7 6.3 3.7 2.7 2.7 2.7 0.4 0.0 0.4 0.0 0.0 0.0 0.0

7.6 7.6 6.5 4.0 2.6 2.6 2.6 1.1 0.0 0.4 0.6 0.0 0.0 0.0

8.6 8.6 7.1 4.9 3.4 2.2 2.2 1.5 0.0 0.4 1.2 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.1 0.1

0.1 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.2 0.1

0.0 0.1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.0 0.0 0.0 0.0 0.0

2.9 2.9 2.8 2.7 1.7 0.1 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0

4.8 4.8 4.8 4.4 3.6 0.4 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.9 2.9 4.4 4.9 5.4 -0.5 -0.2 -1.6 0.0 -1.6 0.0 0.0 0.0 0.0

14.0 14.0 14.4 7.9 3.3 6.4 6.7 -0.4 0.0 -0.4 0.0 0.0 0.0 0.0

58.1 58.1 0.6 -0.3 0.6 0.8 0.8 57.5 0.0 -0.4 57.9 0.0 0.0 0.0

2.3 2.3 2.7 1.8 0.0 0.9 0.9 -0.4 0.0 -0.4 0.0 0.0 0.0 0.0

1.1 1.1 1.5 2.9 2.9 -1.3 -1.3 -0.4 0.0 -0.4 0.0 0.0 0.0 0.0

10.8 10.8 3.3 5.2 5.9 -1.9 -1.9 7.5 0.0 0.6 6.9 0.0 0.0 0.0

17.9 17.9 -2.8 -2.3 -1.0 -0.5 -0.5 20.7 0.0 -0.4 21.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.9

0.0 -0.1

-0.1 0.1

0.0 0.0

0.0 -0.1

0.0 1.0

0.3 1.7

0.1 0.4

5. LONG-TERM DEBT

494 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0

0.3 0.3 0.2 0.2 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0

1.7 1.7 1.7 1.5 1.1 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.2 3.2 2.7 1.9 1.3 0.8 0.8 0.5 0.0 0.5 0.0 0.0 0.0 0.0

3.4 3.4 3.2 2.2 1.8 1.0 1.0 0.2 0.0 0.2 0.0 0.0 0.0 0.0

6.6 6.6 3.3 2.2 1.7 1.1 1.1 3.2 0.0 0.1 3.1 0.0 0.0 0.0

5.2 5.2 3.3 2.2 1.7 1.2 1.2 1.8 0.0 0.1 1.7 0.0 0.0 0.0

5.4 5.4 3.9 2.6 2.0 1.3 1.3 1.5 0.0 0.1 1.5 0.0 0.0 0.0

4.4 4.4 3.7 2.5 2.0 1.2 1.2 0.7 0.0 0.1 0.7 0.0 0.0 0.0

4.6 4.6 3.5 2.5 2.0 1.0 1.0 1.0 0.0 0.0 1.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.1 0.1

0.0 0.1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.0 0.0 0.0 0.0 0.0

2.6 2.6 2.5 2.5 1.6 0.1 0.0 0.1 -0.1 0.0 0.1 0.0 0.0 0.0

3.1 3.1 3.1 3.0 2.4 0.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.3 -0.3 1.8 3.0 4.1 -1.3 -1.0 -2.1 0.0 -2.1 0.0 0.0 0.0 0.0

10.5 10.5 11.1 5.7 1.5 5.4 5.7 -0.6 0.0 -0.6 0.0 0.0 0.0 0.0

51.5 51.5 -2.8 -2.5 -1.1 -0.3 -0.3 54.3 0.0 -0.5 54.8 0.0 0.0 0.0

-2.8 -2.8 -0.6 -0.4 -1.7 -0.3 -0.3 -2.2 0.0 -0.5 -1.7 0.0 0.0 0.0

-4.3 -4.3 -2.3 0.3 0.8 -2.6 -2.6 -1.9 0.0 -0.5 -1.5 0.0 0.0 0.0

6.4 6.4 -0.4 2.7 4.0 -3.1 -3.1 6.8 0.0 0.6 6.2 0.0 0.0 0.0

13.3 13.3 -6.3 -4.8 -3.0 -1.5 -1.5 19.6 0.0 -0.4 20.0 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.8

-0.1 -0.1

-0.1 0.0

-0.1 -0.1

0.0 -0.1

0.0 1.0

0.3 1.7

0.1 0.3

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.4 0.3 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0

4.1 4.1 4.1 3.6 2.9 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.1 10.1 8.1 5.6 3.9 2.5 2.1 2.1 0.0 2.1 0.0 0.0 0.0 0.0

10.3 10.3 9.7 6.7 5.0 3.0 2.7 0.6 0.0 0.6 0.0 0.0 0.0 0.0

12.7 12.7 9.1 6.1 4.4 3.1 3.1 3.6 0.0 0.5 3.1 0.0 0.0 0.0

11.4 11.4 9.1 6.1 4.3 3.1 3.1 2.2 0.0 0.5 1.7 0.0 0.0 0.0

12.1 12.1 10.2 6.3 4.8 3.9 3.9 1.9 0.0 0.5 1.5 0.0 0.0 0.0

12.0 12.0 10.2 6.5 4.6 3.7 3.7 1.8 0.0 0.5 1.3 0.0 0.0 0.0

13.2 13.2 10.6 7.4 5.3 3.2 3.2 2.6 0.0 0.4 2.2 0.0 0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.1 0.1

0.1 0.1

0.1 0.2

0.0 0.2

0.0 0.1

0.2 0.1

0.1 0.2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.0 0.0 0.0

13.4 12.2 1.2

29.6 29.6 0.0

44.7 44.7 0.0

34.1 34.1 0.0

26.6 26.6 0.0

19.0 19.0 0.0

25.0 16.3 8.7

34.7 34.6 0.1

48.5 48.5 0.0

0.0 0.0 1.5 0.0

6.1 0.0 10.3 0.0

50.3 0.0 58.9 0.0

81.6 7.3 92.8 0.0

92.3 10.3 108.1 0.0

91.6 50.4 162.6 0.0

92.6 51.2 164.3 0.0

92.4 52.4 163.3 0.0

95.2 63.7 174.1 0.0

96.3 63.4 196.0 0.0

.. 0.2 2.1 0.0 2.8 0.3 82.7 0.5 1.8 9.6

6.2 .. .. 0.0 2.2 0.3 84.3 0.3 1.6 5.1

6.7 .. .. 0.0 0.1 0.2 82.6 0.2 1.6 8.5

7.4 .. .. 0.0 0.1 0.2 72.7 0.1 1.4 18.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100.0

.. 0.0 0.0 0.0 36.7 0.0 20.9 11.3 0.0 31.1

.. 0.7 0.2 0.2 4.6 0.2 67.5 9.8 3.6 13.2

.. 0.4 3.6 0.0 4.3 0.9 74.4 3.0 2.9 10.5

.. 0.4 3.0 0.0 5.3 0.8 70.9 1.9 2.7 15.0

.. 0.2 1.9 0.0 3.1 0.4 82.6 0.9 1.3 9.7

495 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 0.8 1.4 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 8. DEBT STOCK-FLOW RECONCILIATION 57.9 .. 8.2 -4.9 18.1 5.2 -0.7 17.0 61.5 3.4 .. 0.0 -0.3 -0.2 0.1 .. 0.0 0.0 0.0 0.0 .. -0.8 -1.4 0.0 0.0 .. 1.3 -2.8 0.7 -3.0 .. 2.6 0.3 0.7 -0.6 9. AVERAGE TERMS OF NEW COMMITMENTS

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 0.8 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.4 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

1.2 1.5 0.3 0.0 0.0 -1.8 1.2

-1.0 0.2 0.9 0.0 -0.8 -1.0 -0.3

11.8 10.8 1.1 0.0 -3.4 3.4 0.0

23.1 17.9 1.1 0.0 0.0 3.8 0.2

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 0.4 .. .. .. .. ..

7.5 13.5 13.5 18.1

4.8 17.2 4.9 32.8

4.0 20.7 4.9 39.8

4.3 15.6 3.5 32.2

3.9 20.7 5.5 41.6

4.4 18.8 4.3 34.9

2.5 30.1 10.3 61.6

3.9 16.6 3.4 34.1

2.4 20.7 6.1 51.6

6.5 14.8 0.1 13.1

0.0 0.0 0.0 0.0

4.0 20.1 6.1 40.2

4.0 20.7 4.9 39.8

4.3 15.6 3.5 32.2

3.9 20.7 5.5 41.6

0.0 0.0 0.0 0.0

2.5 30.1 10.3 61.6

3.4 23.1 6.9 47.2

2.4 20.7 6.1 51.6

4.9 22.4 0.0 28.8

7.5 13.5 13.5 18.1

7.5 7.3 0.8 7.2

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

4.4 18.8 4.3 34.9

0.0 0.0 0.0 0.0

4.2 11.3 0.5 23.3

0.0 0.0 0.0 0.0

7.4 10.1 0.1 3.2

0 6 8 2 13 58 1 0 4 8 2 13 0 1 0 1 0 0 0 58 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

16 7 9

29 29 0

36 14 22

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

10.7 16.6 5.3

14.0 15.4 5.3

9.4 14.5 5.2

5.9 14.2 5.0

3.5 15.1 4.7

2.2 15.6 4.3

1.1 15.6 4.0

0.8 14.7 3.6

0.4 14.6 3.2

0.2 13.7 2.9

10.7 11.0 2.9

14.0 9.9 3.1

9.4 9.2 3.1

5.9 8.9 3.0

3.5 9.9 2.8

2.2 10.4 2.6

1.1 10.4 2.3

0.8 9.4 2.0

0.4 9.3 1.8

0.2 8.9 1.5

4.5 3.7 1.0

4.6 2.8 1.0

3.2 3.0 1.0

2.1 2.9 1.0

1.2 3.4 0.9

0.5 3.8 0.8

0.4 3.8 0.7

0.2 3.2 0.6

0.0 3.2 0.5

0.0 3.0 0.4

6.1 7.3 2.0

9.4 7.0 2.0

6.2 6.2 2.1

3.8 6.0 2.0

2.4 6.5 1.9

1.7 6.5 1.7

0.8 6.6 1.6

0.6 6.2 1.4

0.4 6.1 1.2

0.2 6.0 1.1

0.0 5.5 2.3

0.0 5.5 2.2

0.0 5.3 2.1

0.0 5.3 2.0

0.0 5.3 1.9

0.0 5.3 1.8

0.0 5.3 1.7

0.0 5.3 1.6

0.0 5.3 1.4

0.0 4.7 1.3

0.0 0.3 0.0

0.0 0.3 0.0

0.0 0.1 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 5.3 2.3

0.0 5.3 2.2

0.0 5.3 2.1

0.0 5.3 2.0

0.0 5.3 1.9

0.0 5.3 1.8

0.0 5.3 1.7

0.0 5.3 1.6

0.0 5.3 1.4

0.0 4.7 1.3

496 SUDAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

385 294 294 0 31 61 0 0 0 0 0 0 0

5,177 4,147 3,822 325 431 599 63 33 30 551 108 444 0

14,762 9,651 9,155 496 956 4,155 3,705 3,244 461 5,703 3,893 1,811 2,972

16,326 9,494 8,998 496 797 6,035 5,624 4,721 903 7,321 5,348 1,973 2,912

16,843 9,722 9,226 496 772 6,349 5,893 4,922 971 7,608 5,553 2,055 2,068

16,132 9,348 8,852 496 715 6,069 5,761 4,876 885 7,414 5,572 1,843 2,006

15,741 9,143 8,647 496 625 5,974 5,703 4,830 873 7,307 5,494 1,813 2,104

15,414 8,984 8,488 496 551 5,879 5,738 4,878 860 7,309 5,527 1,782 2,310

16,389 9,539 9,043 496 573 6,277 6,139 5,173 967 7,877 5,833 2,044 2,876

17,496 10,065 9,569 496 599 6,832 6,699 5,658 1,041 8,405 6,177 2,228 3,012

47 47 0 29 21 8 70 52 13 12 0 1 57 42 33 8 1

921 711 210 131 53 78 839 50 133 49 14 70 707 264 102 92 70

185 185 0 16 15 1 169 0 34 9 0 25 135 50 23 1 25

5 5 0 42 0 42 -157 -120 15 0 15 0 -172 58 0 57 0

0 0 0 58 1 57 -13 45 3 2 1 0 -16 61 3 58 0

0 0 0 43 6 38 -191 -147 13 7 7 0 -204 57 12 44 0

0 0 0 59 4 54 -97 -39 2 2 0 0 -100 61 7 54 0

0 0 0 54 2 52 -183 -129 2 1 1 0 -185 56 3 53 0

0 0 0 22 0 22 -26 -4 1 0 1 0 -27 23 1 23 0

0 0 0 30 4 26 -34 -4 4 4 0 0 -38 34 7 26 0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

29 26 0 0 3 7 32 -3

1,046 657 0 0 388 103 908 138

603 170 0 0 433 184 603 0

221 5 98 0 118 33 123 98

557 -1 371 0 188 26 187 371

582 -6 371 0 216 33 211 371

564 -4 392 0 176 33 171 392

730 -2 574 0 158 30 156 574

1,013 0 713 0 300 43 300 713

1,910 -4 1,349 0 564 58 560 1,349

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

17 12 0 22 -5

997 49 0 864 133

595 9 0 595 0

220 0 0 123 98

556 2 0 185 371

575 7 0 204 371

561 2 0 169 392

729 1 0 155 574

380 0 633 300 80

1,374 4 531 557 818

2,086 .. 0 .. 22 ..

7,475 1,286 262 1,576 49 -316

12,383 573 62 1,025 11 -372

9,456 1,545 665 1,654 189 -431

10,304 2,477 641 2,594 247 -518

12,175 2,462 740 2,627 118 -522

14,165 3,081 978 3,750 441 -974

16,348 3,807 1,224 4,246 848 -939

.. 18.5 .. .. 0.6 5.6 .. 15.7 36.0 26.9

402.5 69.3 20.5 10.3 1.8 0.9 0.4 11.6 33.4 12.2

2,574.9 119.2 8.7 5.9 0.3 0.1 0.1 28.1 30.2 11.7

1,044.2 170.6 3.7 0.9 0.1 1.2 1.4 37.6 28.8 12.5

635.5 152.8 2.5 0.1 0.0 1.6 1.1 37.9 29.0 12.4

626.2 126.6 2.3 0.1 0.0 0.8 0.5 38.1 29.2 12.3

532.0 115.7 0.8 0.0 0.0 2.7 1.4 38.3 28.3 12.1

459.6 107.0 0.9 0.1 0.0 4.8 2.4 39.0 27.4 12.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

9,510 1,059 420 1,600 82 -828

10,428 1,312 687 1,947 91 -957

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

1,541.7 171.7 5.4 1.4 0.2 0.5 0.6 37.0 28.4 12.3

1,284.1 161.5 4.7 0.2 0.0 0.5 0.6 37.7 27.9 12.2

497 SUDAN (US$ million, unless otherwise indicated) 1970

1980

1990

294 294 256 103 12 153 126 37 1 27 9 0 0 0

4,147 3,822 3,293 634 368 2,659 1,361 529 0 298 231 325 0 325

9,651 9,155 7,500 1,723 1,549 5,777 2,903 1,655 0 1,651 4 496 0 496

91 12

46 190

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

47 47 45 15 0 30 15 2 0 0 2 0 0 0

1997

1998

1999

2000

2001

2002

2003

9,494 8,998 7,521 2,001 1,798 5,521 2,838 1,477 0 1,473 4 496 0 496

9,722 9,226 7,666 2,051 1,839 5,615 2,865 1,559 0 1,555 4 496 0 496

9,348 8,852 7,505 2,011 1,806 5,494 2,848 1,347 0 1,343 4 496 0 496

9,143 8,647 7,330 1,946 1,750 5,383 2,820 1,317 0 1,313 4 496 0 496

8,984 8,488 7,202 1,899 1,709 5,303 2,794 1,286 0 1,282 4 496 0 496

9,539 9,043 7,495 1,990 1,794 5,504 2,839 1,548 0 1,544 4 496 0 496

10,065 9,569 7,838 2,101 1,896 5,737 2,890 1,732 0 1,728 4 496 0 496

19 1,028

6 1,198

6 1,226

3 1,208

1 1,167

0 1,137

0 1,192

0 1,262

711 711 566 189 80 377 190 145 0 108 37 0 0 0

185 185 185 185 180 0 0 0 0 0 0 0 0 0

5 5 5 5 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 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

15 0

1 37

0 121

0 0

0 0

0 0

0 0

0 0

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

21 21 16 4 0 12 5 5 1 3 1 0 0 0

53 53 46 15 3 32 11 7 0 4 3 0 0 0

15 15 15 15 4 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

1 1 1 1 0 0 0 0 0 0 0 0 0 0

6 6 6 6 0 0 0 0 0 0 0 0 0 0

4 4 4 4 2 0 0 0 0 0 0 0 0 0

2 2 2 2 1 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

4 4 4 4 3 0 0 0 0 0 0 0 0 0

4 0

4 0

10 4

0 0

0 0

3 0

2 2

0 1

0 0

0 3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

26 26 29 11 0 19 10 -3 -1 -3 1 0 0 0

657 657 520 174 77 345 179 138 0 104 33 0 0 0

170 170 170 170 176 0 0 0 0 0 0 0 0 0

5 5 5 5 0 0 0 0 0 0 0 0 0 0

-1 -1 -1 -1 0 0 0 0 0 0 0 0 0 0

-6 -6 -6 -6 0 0 0 0 0 0 0 0 0 0

-4 -4 -4 -4 -2 0 0 0 0 0 0 0 0 0

-2 -2 -2 -2 -1 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

-4 -4 -4 -4 -3 0 0 0 0 0 0 0 0 0

11 0

-3 36

-10 117

0 0

0 0

-3 0

-2 -2

0 -1

0 0

0 -3

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

498 SUDAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

12 12 10 5 0 5 3 2 0 2 0 0 0 0

49 49 44 8 2 35 26 5 0 2 3 0 0 0

9 9 9 9 6 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 2 2 2 0 0 0 0 0 0 0 0 0 0

7 7 7 7 0 0 0 0 0 0 0 0 0 0

2 2 2 2 2 0 0 0 0 0 0 0 0 0

1 1 1 1 1 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

4 4 4 4 2 0 0 0 0 0 0 0 0 0

5 0

4 1

2 6

0 0

0 0

1 0

0 2

0 1

0 0

0 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

14 14 20 6 0 14 6 -5 -1 -5 1 0 0 0

609 609 476 166 75 310 153 133 0 102 31 0 0 0

162 162 162 162 169 0 0 0 0 0 0 0 0 0

4 4 4 4 0 0 0 0 0 0 0 0 0 0

-3 -3 -3 -3 0 0 0 0 0 0 0 0 0 0

-12 -12 -12 -12 0 0 0 0 0 0 0 0 0 0

-7 -7 -7 -7 -4 0 0 0 0 0 0 0 0 0

-3 -3 -3 -3 -2 0 0 0 0 0 0 0 0 0

-1 -1 -1 -1 -1 0 0 0 0 0 0 0 0 0

-7 -7 -7 -7 -5 0 0 0 0 0 0 0 0 0

6 0

-7 35

-11 110

0 0

0 0

-4 0

-3 -4

0 -2

0 -1

0 -5

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

33 33 26 9 0 17 9 7 1 5 1 0 0 0

102 102 90 23 5 67 37 12 0 6 6 0 0 0

23 23 23 23 10 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 3 3 3 0 0 0 0 0 0 0 0 0 0

12 12 12 12 0 0 0 0 0 0 0 0 0 0

7 7 7 7 4 0 0 0 0 0 0 0 0 0

3 3 3 3 2 0 0 0 0 0 0 0 0 0

1 1 1 1 1 0 0 0 0 0 0 0 0 0

7 7 7 7 5 0 0 0 0 0 0 0 0 0

9 0

8 1

11 10

0 0

0 0

4 0

3 4

0 2

0 1

0 5

124 119 4

1,309 1,167 143

1,284 1,284 0

561 561 0

540 540 0

23 23 0

22 22 0

1 1 0

1 1 0

1 1 0

139 0 294 0

1,729 408 4,145 2

4,452 1,927 9,651 0

4,636 1,772 9,494 0

4,704 1,844 9,722 0

4,654 1,660 9,348 0

4,569 1,634 9,143 0

4,504 1,607 8,984 0

4,634 1,834 9,539 0

4,786 1,993 10,065 0

.. 0.8 2.6 2.9 3.7 15.6 52.5 1.6 0.5 19.9

7.4 .. .. 2.6 3.7 15.5 53.1 1.6 0.4 15.7

8.2 .. .. 2.7 3.7 17.6 50.5 1.6 0.5 15.3

9.4 .. .. 2.8 3.8 18.6 48.5 1.5 0.5 14.9

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 7.1 0.0 0.0 15.6 0.0 11.1 31.1 0.0 35.2

.. 0.5 2.3 2.0 7.0 0.6 54.4 2.0 0.0 31.1

.. 1.0 3.4 2.3 4.3 18.6 48.1 1.2 0.5 20.6

.. 0.8 3.0 2.5 3.8 16.9 50.8 1.6 0.5 20.1

.. 0.9 3.1 2.7 3.7 17.4 49.9 1.6 0.5 20.2

.. 0.8 2.8 3.2 3.8 15.6 51.7 1.7 0.5 20.0

499 SUDAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 517 -711 .. 1,403 -646 -13 -191 839 169 -157 -59 269 -132 .. 645 .. 0 0 0 0 .. 0 0 0 0 518 -484 167 -367 .. 54 94 -21 .. 71 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-391 -97 -57 0 0 -220 -17

-327 -183 35 0 0 -162 -17

974 -26 401 0 0 578 22

1,107 -34 560 0 0 542 40

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 70 .. .. .. .. ..

1.8 17.2 8.7 54.6

5.7 17.9 4.6 30.2

0.8 49.9 10.4 83.3

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

1.5 17.7 9.1 57.1

3.7 22.7 5.9 40.8

0.8 49.9 10.4 83.3

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

5.6 9.3 3.5 17.3

12.0 2.9 0.4 -3.4

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

97 904 35 0 0 0 0 91 686 35 0 0 0 0 6 218 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0 104 48

0 100 44

0 96 42

0 89 39

0 88 36

0 85 34

0 477 31

0 89 17

0 77 15

0 72 14

0 104 48

0 100 44

0 96 42

0 89 39

0 88 36

0 85 34

0 477 31

0 89 17

0 77 15

0 72 14

0 43 31

0 40 29

0 37 27

0 32 26

0 29 24

0 28 23

0 417 21

0 25 7

0 22 6

0 19 5

0 61 16

0 59 15

0 59 14

0 56 13

0 59 12

0 58 11

0 60 10

0 64 10

0 55 9

0 53 8

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 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

500 SWAZILAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

37.0 37.0 37.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

205.7 185.0 185.0 0.0 5.7 15.0 0.0 0.0 0.0 0.0 0.0 0.0

242.8 238.2 238.2 0.0 0.0 4.6 0.1 0.1 0.0 0.2 0.2 0.0

385.1 227.0 227.0 0.0 0.0 158.1 0.1 0.1 0.0 1.1 1.1 0.0

274.7 246.5 246.5 0.0 0.0 28.2 0.1 0.1 0.0 1.2 1.2 0.0

301.3 248.5 248.5 0.0 0.0 52.8 0.0 0.0 0.0 0.3 0.3 0.0

296.4 231.4 231.4 0.0 0.0 65.0 0.0 0.0 0.0 0.2 0.2 0.0

303.5 230.5 230.5 0.0 0.0 73.0 0.0 0.0 0.0 0.2 0.2 0.0

341.7 273.6 273.6 0.0 0.0 68.1 6.1 3.0 3.1 4.0 4.0 0.0

399.8 346.3 346.3 0.0 0.0 53.5 13.5 8.1 5.4 7.0 7.0 0.0

4.6 3.5 1.2 2.5 1.5 1.0 2.1 0.0 1.9 1.9 0.0 0.0 0.2 4.4 3.4 1.0 0.0

29.1 26.5 2.7 7.5 7.5 0.0 28.6 7.0 10.6 9.0 0.0 1.6 18.0 18.1 16.5 0.0 1.6

14.1 14.1 0.0 36.0 35.7 0.3 -38.7 -16.7 10.4 9.9 0.0 0.4 -49.0 46.4 45.6 0.3 0.4

54.8 54.8 0.0 15.7 15.7 0.0 195.1 156.1 14.7 6.9 0.0 7.8 180.4 30.4 22.6 0.0 7.8

30.6 30.6 0.0 13.4 13.4 0.0 -112.7 -129.9 16.0 14.4 0.0 1.6 -128.7 29.4 27.8 0.0 1.6

32.9 32.9 0.0 16.5 16.5 0.0 41.1 24.7 20.1 18.5 0.0 1.6 21.0 36.5 35.0 0.0 1.6

15.8 15.8 0.0 14.7 14.7 0.0 13.3 12.2 21.2 16.7 0.0 4.5 -7.8 35.9 31.4 0.0 4.5

35.7 35.7 0.0 14.1 14.1 0.0 29.6 8.0 14.2 11.2 0.0 3.0 15.3 28.4 25.4 0.0 3.0

12.9 12.9 0.0 10.8 10.8 0.0 -8.8 -11.0 10.2 8.2 0.0 2.0 -19.0 20.9 18.9 0.0 2.0

40.9 40.9 0.0 13.3 13.3 0.0 5.7 -22.0 14.3 13.3 0.0 1.0 -8.6 27.6 26.6 0.0 1.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

5.4 2.0 0.0 0.0 3.5 2.0 6.5 -1.0

57.2 19.0 26.5 0.0 11.8 22.7 33.4 23.9

26.3 -21.6 30.1 -2.2 20.1 27.3 0.4 26.0

41.2 39.0 -15.3 -0.1 17.6 14.4 24.1 17.2

188.8 17.2 152.7 3.4 15.5 19.0 32.7 156.1

131.2 16.5 100.4 2.7 11.6 11.6 28.1 103.1

102.6 1.1 90.2 1.4 9.9 9.5 11.0 91.6

79.8 21.6 49.8 -2.5 11.0 9.1 18.6 61.3

54.8 2.2 45.0 -0.1 7.8 9.5 9.9 44.9

83.5 27.7 43.5 0.0 12.3 7.8 40.0 43.5

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

3.6 1.9 0.0 5.7 -2.1

21.1 9.0 27.2 26.4 -5.3

-69.0 9.9 85.4 -8.7 -60.2

10.7 6.9 23.7 17.2 -6.5

77.8 14.4 96.6 25.7 52.1

58.6 18.5 54.0 16.2 42.5

4.8 16.7 81.1 0.2 4.6

-21.6 11.2 90.2 9.8 -31.4

-30.6 8.2 77.2 2.7 -33.3

-11.0 13.3 81.2 30.7 -41.8

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

98.7 .. 0.0 .. .. ..

551.0 450.7 35.0 659.2 158.7 -129.7

1,414.3 1,170.1 70.0 1,336.4 375.9 -35.1

1,436.8 1,272.2 74.0 1,444.4 351.8 -65.2

1,346.5 1,320.6 74.0 1,407.9 271.8 -53.0

1,234.9 1,213.2 62.0 1,269.9 275.8 -46.3

1,892.6 1,690.9 62.0 1,825.9 277.5 -83.0

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 37.5 .. .. 1.9 .. .. 0.0 33.0 24.1

45.6 37.3 4.0 2.3 1.9 77.2 2.9 7.3 39.9 30.1

25.7 21.3 3.1 1.7 1.4 124.8 3.4 17.5 41.3 45.2

23.3 20.6 2.8 1.7 1.5 118.7 2.9 21.9 38.0 46.8

23.0 22.5 2.1 1.1 1.1 89.6 2.3 24.1 37.1 48.3

28.2 27.7 1.7 0.8 0.8 80.7 2.6 19.9 37.3 49.8

23.6 21.1 1.6 0.8 0.8 69.4 1.8 13.4 43.0 46.9

3. MAJOR ECONOMIC AGGREGATES 918.4 819.6 113.0 870.4 216.5 50.7

1,570.2 1,235.9 84.0 1,355.0 294.8 -2.7

1,354.6 1,227.1 78.0 1,452.9 358.6 -93.3

4. DEBT INDICATORS 29.6 26.4 5.7 1.3 1.1 89.2 3.0 1.9 61.2 47.9

31.2 24.5 2.5 1.2 0.9 76.6 2.6 41.1 32.7 32.8

22.4 20.3 2.4 1.3 1.2 130.5 3.0 10.3 46.4 50.7

501 SWAZILAND (US$ million, unless otherwise indicated) 1970

1980

1990

37.0 37.0 20.9 8.9 2.8 12.0 9.4 16.1 0.0 14.9 1.3 0.0 0.0 0.0

185.0 185.0 160.8 61.8 16.7 99.0 65.3 24.2 0.0 23.8 0.4 0.0 0.0 0.0

238.2 238.2 231.4 116.2 42.7 115.2 105.9 6.8 0.0 0.0 6.8 0.0 0.0 0.0

6.1 2.8

17.7 7.5

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3.5 3.5 3.5 0.4 0.0 3.1 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1997

1998

1999

2000

2001

2002

2003

227.0 227.0 196.1 126.1 56.6 70.0 69.3 30.8 0.0 30.8 0.0 0.0 0.0 0.0

246.5 246.5 220.9 139.3 59.9 81.6 67.5 25.6 0.0 25.6 0.0 0.0 0.0 0.0

248.5 248.5 224.1 136.3 62.0 87.8 62.4 24.4 0.0 24.4 0.0 0.0 0.0 0.0

231.4 231.4 211.6 138.7 59.7 72.9 52.8 19.8 0.0 19.8 0.0 0.0 0.0 0.0

230.5 230.5 208.3 146.5 62.4 61.9 50.1 22.1 0.0 22.1 0.0 0.0 0.0 0.0

273.6 273.6 242.5 170.0 71.3 72.5 56.0 31.1 0.0 31.1 0.0 0.0 0.0 0.0

346.3 346.3 305.9 187.4 75.0 118.4 97.0 40.4 0.0 40.4 0.0 0.0 0.0 0.0

36.9 6.8

9.9 5.4

9.9 5.2

9.1 4.9

9.0 4.7

9.0 4.4

9.1 4.2

14.8 3.9

26.5 26.5 26.5 15.4 0.3 11.0 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.1 14.1 14.1 8.2 2.6 5.9 5.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

54.8 54.8 22.2 21.3 2.9 0.9 0.9 32.6 0.0 32.6 0.0 0.0 0.0 0.0

30.6 30.6 30.6 15.5 3.2 15.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

32.9 32.9 32.9 14.7 5.0 18.2 5.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

15.8 15.8 15.8 15.8 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

35.7 35.7 21.7 18.4 6.4 3.3 3.3 14.0 0.0 14.0 0.0 0.0 0.0 0.0

12.9 12.9 12.9 9.7 6.4 3.2 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

40.9 40.9 40.9 9.1 0.5 31.9 31.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.0

2.1 0.3

1.0 0.0

1.3 0.0

2.7 0.0

1.0 0.0

0.7 0.0

1.0 0.0

1.0 0.0

6.8 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

1.5 1.5 0.5 0.2 0.0 0.3 0.2 1.0 0.0 0.9 0.1 0.0 0.0 0.0

7.5 7.5 4.9 1.2 0.1 3.7 1.2 2.6 0.0 2.5 0.1 0.0 0.0 0.0

35.7 35.7 33.7 26.8 1.1 6.9 4.2 1.9 0.0 0.2 1.7 0.0 0.0 0.0

15.7 15.7 15.7 9.4 1.5 6.3 6.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.4 13.4 13.4 7.7 1.6 5.7 5.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.5 16.5 16.5 12.5 2.0 3.9 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.7 14.7 14.7 8.1 2.4 6.6 5.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.1 14.1 14.1 8.9 1.9 5.2 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

10.8 10.8 10.8 7.5 1.6 3.2 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

13.3 13.3 13.3 9.7 1.8 3.6 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.2 0.0

0.7 0.0

20.4 0.2

4.8 0.3

2.7 0.3

1.7 0.3

0.9 0.3

1.0 0.3

0.9 0.3

1.0 0.3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2.0 2.0 3.0 0.2 0.0 2.8 2.9 -1.0 0.0 -0.9 -0.1 0.0 0.0 0.0

19.0 19.0 21.6 14.3 0.2 7.3 5.0 -2.6 0.0 -2.5 -0.1 0.0 0.0 0.0

-21.6 -21.6 -19.7 -18.6 1.5 -1.1 1.7 -1.9 0.0 -0.2 -1.7 0.0 0.0 0.0

39.0 39.0 6.4 11.8 1.4 -5.4 -5.1 32.6 0.0 32.6 0.0 0.0 0.0 0.0

17.2 17.2 17.2 7.8 1.5 9.4 -5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

16.5 16.5 16.5 2.2 3.0 14.2 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.1 1.1 1.1 7.7 -0.1 -6.6 -5.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

21.6 21.6 7.6 9.5 4.5 -1.9 -0.8 14.0 0.0 14.0 0.0 0.0 0.0 0.0

2.2 2.2 2.2 2.2 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

27.7 27.7 27.7 -0.7 -1.4 28.3 28.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.2 0.0

1.3 0.3

-19.4 -0.2

-3.4 -0.3

-0.1 -0.3

-0.7 -0.3

-0.1 -0.3

0.0 -0.3

0.1 -0.3

5.8 -0.3

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

502 SWAZILAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1.9 1.9 0.8 0.4 0.0 0.4 0.2 1.1 0.0 1.1 0.1 0.0 0.0 0.0

9.0 9.0 7.0 3.1 0.1 3.9 0.6 2.0 0.0 1.9 0.0 0.0 0.0 0.0

9.9 9.9 9.1 6.5 0.5 2.6 1.4 0.8 0.0 0.0 0.8 0.0 0.0 0.0

6.9 6.9 6.9 5.5 0.5 1.4 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.4 14.4 7.0 5.8 0.7 1.2 1.2 7.4 0.0 7.4 0.0 0.0 0.0 0.0

18.5 18.5 11.9 8.9 0.7 3.0 1.0 6.6 0.0 6.6 0.0 0.0 0.0 0.0

16.7 16.7 10.8 5.2 0.5 5.7 1.5 5.9 0.0 5.9 0.0 0.0 0.0 0.0

11.2 11.2 8.7 5.4 0.5 3.3 0.7 2.5 0.0 2.5 0.0 0.0 0.0 0.0

8.2 8.2 7.2 6.8 0.6 0.4 0.4 1.0 0.0 1.0 0.0 0.0 0.0 0.0

13.3 13.3 9.2 8.6 0.7 0.7 0.7 4.1 0.0 4.1 0.0 0.0 0.0 0.0

0.4 0.0

1.8 0.1

3.6 0.1

1.1 0.0

0.7 0.0

0.7 0.0

0.8 0.0

0.7 0.0

0.7 0.0

0.6 0.0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0.1 0.1 2.2 -0.2 0.0 2.4 2.7 -2.1 0.0 -2.0 -0.1 0.0 0.0 0.0

10.0 10.0 14.6 11.1 0.1 3.5 4.4 -4.6 0.0 -4.4 -0.2 0.0 0.0 0.0

-31.5 -31.5 -28.8 -25.2 1.0 -3.6 0.3 -2.7 0.0 -0.2 -2.5 0.0 0.0 0.0

32.2 32.2 -0.4 6.3 0.9 -6.8 -6.4 32.6 0.0 32.6 0.0 0.0 0.0 0.0

2.8 2.8 10.2 2.0 0.9 8.2 -6.2 -7.4 0.0 -7.4 0.0 0.0 0.0 0.0

-2.1 -2.1 4.6 -6.6 2.3 11.2 1.1 -6.6 0.0 -6.6 0.0 0.0 0.0 0.0

-15.6 -15.6 -9.7 2.5 -0.6 -12.2 -7.3 -5.9 0.0 -5.9 0.0 0.0 0.0 0.0

10.3 10.3 -1.2 4.1 4.0 -5.2 -1.5 11.5 0.0 11.5 0.0 0.0 0.0 0.0

-6.0 -6.0 -5.0 -4.6 4.1 -0.4 -0.4 -1.0 0.0 -1.0 0.0 0.0 0.0 0.0

14.4 14.4 18.4 -9.2 -2.1 27.7 27.7 -4.1 0.0 -4.1 0.0 0.0 0.0 0.0

-0.2 0.0

-0.4 0.2

-23.0 -0.2

-4.5 -0.3

-0.7 -0.3

-1.3 -0.3

-0.9 -0.3

-0.8 -0.3

-0.6 -0.3

5.2 -0.3

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3.4 3.4 1.3 0.6 0.0 0.7 0.4 2.1 0.0 2.0 0.1 0.0 0.0 0.0

16.5 16.5 11.9 4.3 0.2 7.6 1.8 4.6 0.0 4.4 0.2 0.0 0.0 0.0

45.6 45.6 42.8 33.3 1.6 9.5 5.6 2.7 0.0 0.2 2.5 0.0 0.0 0.0

22.6 22.6 22.6 14.9 2.0 7.7 7.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

27.8 27.8 20.4 13.5 2.3 6.9 6.6 7.4 0.0 7.4 0.0 0.0 0.0 0.0

35.0 35.0 28.3 21.4 2.7 7.0 4.6 6.6 0.0 6.6 0.0 0.0 0.0 0.0

31.4 31.4 25.5 13.3 2.9 12.3 7.4 5.9 0.0 5.9 0.0 0.0 0.0 0.0

25.4 25.4 22.9 14.4 2.4 8.5 4.8 2.5 0.0 2.5 0.0 0.0 0.0 0.0

18.9 18.9 18.0 14.3 2.3 3.6 3.6 1.0 0.0 1.0 0.0 0.0 0.0 0.0

26.6 26.6 22.5 18.3 2.6 4.2 4.2 4.1 0.0 4.1 0.0 0.0 0.0 0.0

0.5 0.0

2.5 0.1

24.1 0.2

5.8 0.3

3.4 0.3

2.4 0.3

1.6 0.3

1.8 0.3

1.6 0.3

1.7 0.3

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0.0 0.0 0.0

60.2 60.2 0.0

63.2 63.2 0.0

105.3 105.3 0.0

110.0 110.0 0.0

82.1 82.1 0.0

64.8 64.8 0.0

91.0 91.0 0.0

71.1 71.1 0.0

172.6 148.6 24.1

12.2 0.0 37.0 0.0

82.0 23.8 185.0 0.0

148.6 8.1 238.2 0.0

125.9 6.8 227.0 0.0

127.3 8.8 246.5 0.0

124.4 9.1 248.5 0.0

112.5 9.0 231.4 0.0

112.5 9.0 230.5 0.0

127.3 21.7 273.6 0.0

172.0 31.7 346.3 0.0

.. 11.6 0.0 0.0 1.1 0.0 11.8 40.9 1.0 33.6

14.4 .. .. 0.0 0.9 0.0 13.9 38.7 1.3 30.7

14.1 .. .. 0.0 0.5 0.0 13.5 34.5 1.1 36.3

13.7 .. .. 0.0 0.4 0.0 12.0 39.1 0.8 34.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 38.2 0.0 7.6 16.5 0.0 37.7

.. 12.9 0.0 0.0 20.9 12.9 10.0 17.3 0.0 26.0

.. 17.5 0.6 0.0 10.9 0.0 11.9 35.3 2.3 21.5

.. 15.9 0.0 0.0 3.3 0.0 7.5 44.7 1.2 27.3

.. 15.1 0.0 0.0 2.2 0.0 10.1 42.6 1.1 28.8

.. 12.9 0.0 0.0 1.5 0.0 11.6 41.3 1.4 31.4

503 SWAZILAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION .. -17.2 177.2 -110.4 26.6 -112.7 41.1 28.6 -38.7 195.1 .. 0.0 0.0 0.0 -0.1 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 12.6 -12.2 -2.3 -11.9 4.6 -2.6 .. 8.9 -5.6 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

-4.9 13.3 0.0 0.0 0.0 -12.8 -5.4

7.0 29.6 0.0 0.0 0.0 -14.7 -7.8

38.2 -8.8 6.1 0.0 0.0 22.0 19.0

58.1 5.7 7.4 0.0 0.0 15.3 29.7

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 2.1 .. .. .. .. ..

0.0 25.5 7.7 76.8

8.0 18.7 5.0 11.9

0.0 0.0 0.0 0.0

13.5 30.5 30.5 -33.1

11.0 19.1 3.3 -6.0

3.0 17.6 4.1 42.7

3.0 40.2 27.2 66.3

6.7 23.8 8.0 26.6

0.0 0.0 0.0 0.0

4.9 20.0 4.6 33.3

0.0 25.5 7.7 76.8

8.0 18.7 5.0 11.9

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

11.0 19.1 3.3 -6.0

3.0 17.6 4.1 42.7

3.0 40.2 27.2 66.3

4.3 26.7 8.8 43.2

0.0 0.0 0.0 0.0

2.9 20.2 4.7 46.7

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

13.5 30.5 30.5 -33.1

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

15.0 13.9 5.0 -31.1

0.0 0.0 0.0 0.0

15.0 19.4 4.0 -34.3

3 14 0 33 41 8 1 3 14 0 0 41 8 1 0 0 0 33 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

63 49 14

0 0 0

129 107 21

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

38.4 20.3 20.9

50.3 20.7 22.6

30.8 22.1 22.9

21.2 27.7 22.3

13.8 30.6 20.9

9.4 30.0 19.4

5.6 29.3 17.8

2.3 31.5 16.2

0.8 29.8 14.4

0.1 27.9 12.6

26.8 20.3 13.4

42.3 20.7 13.9

27.7 20.8 13.8

19.8 24.2 13.2

13.8 27.2 12.4

9.4 26.6 11.4

5.6 25.8 10.4

2.3 28.0 9.2

0.8 26.4 8.0

0.1 24.4 6.7

6.1 7.2 5.7

4.1 7.2 5.6

2.5 7.4 5.4

1.5 7.6 5.1

0.7 6.6 4.8

0.5 5.7 4.6

0.3 5.2 4.3

0.3 7.3 4.0

0.2 6.1 3.6

0.1 6.1 3.2

20.7 13.0 7.7

38.2 13.4 8.3

25.2 13.4 8.4

18.3 16.6 8.1

13.0 20.6 7.6

8.9 20.9 6.9

5.3 20.7 6.1

2.0 20.7 5.2

0.6 20.3 4.4

0.0 18.3 3.5

11.6 0.0 7.5

7.9 0.0 8.7

3.1 1.3 9.1

1.4 3.4 9.0

0.0 3.4 8.5

0.0 3.4 8.0

0.0 3.4 7.5

0.0 3.4 7.0

0.0 3.4 6.4

0.0 3.4 5.9

11.6 0.0 7.5

7.9 0.0 8.7

3.1 1.3 9.1

1.4 3.4 9.0

0.0 3.4 8.5

0.0 3.4 8.0

0.0 3.4 7.5

0.0 3.4 7.0

0.0 3.4 6.4

0.0 3.4 5.9

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

504 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

276 231 231 0 10 35 0 0 0 0 0 0 0

3,548 2,917 2,917 0 0 631 0 0 0 0 0 0 0

17,259 15,108 15,108 0 0 2,151 460 407 53 864 580 284 360

20,937 16,326 16,326 0 0 4,611 1,976 1,838 138 7,410 6,447 963 381

22,460 16,353 16,353 0 0 6,107 2,155 2,011 144 8,238 7,218 1,020 352

22,369 16,142 16,142 0 0 6,227 2,301 2,160 142 9,039 8,002 1,037 359

21,657 15,930 15,930 0 0 5,727 2,407 2,267 140 9,820 8,775 1,046 585

21,341 15,809 15,809 0 0 5,532 2,532 2,393 139 10,583 9,540 1,043 527

21,466 15,849 15,849 0 0 5,617 2,617 2,473 145 11,455 10,385 1,071 621

21,566 15,848 15,848 0 0 5,718 2,718 2,566 152 12,289 11,189 1,100 697

63 60 3 30 30 0 33 0 6 6 0 0 27 36 36 0 0

1,147 1,147 0 225 225 0 1,239 317 157 77 0 80 1,082 382 302 0 80

186 186 0 1,066 1,066 0 -672 208 123 41 0 82 -795 1,189 1,107 0 82

104 104 0 353 353 0 -514 -265 202 63 0 138 -716 554 416 0 138

64 64 0 94 94 0 1,286 1,317 243 78 0 165 1,044 337 172 0 165

34 34 0 127 127 0 -120 -27 243 79 0 164 -363 370 206 0 164

18 18 0 121 121 0 -708 -605 222 102 0 120 -930 343 223 0 120

0 0 0 102 102 0 -421 -320 179 64 0 115 -600 280 165 0 115

0 0 0 110 110 0 -109 0 172 49 0 123 -281 281 158 0 123

0 0 0 165 165 0 -165 0 174 55 0 119 -339 339 220 0 119

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

41 30 0 0 11 8 11 30

2,573 922 0 0 1,651 26 2,531 42

-188 -880 72 0 621 31 -251 63

-97 -249 80 0 72 47 -172 75

147 -31 82 0 96 50 69 78

226 -93 263 0 57 44 -32 258

226 -103 270 0 59 42 -40 266

74 -101 110 0 66 45 -34 109

78 -109 115 0 73 51 -35 114

68 -165 150 0 83 94 -78 146

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

35 6 0 9 25

2,496 77 0 2,485 11

-229 41 0 -283 54

-160 63 0 -234 73

69 78 0 -8 77

147 79 0 -110 258

124 102 0 -141 266

10 64 0 -98 108

30 49 0 -84 113

14 55 0 -132 146

2,219 .. 0 .. 57 ..

13,565 3,341 0 4,610 828 251

15,298 5,813 663 6,101 .. 201

17,231 7,190 656 6,614 .. 1,061

18,320 7,866 653 7,138 .. 1,221

19,026 8,477 610 7,516 .. 1,440

20,626 8,118 618 7,375 .. 752

.. 12.4 .. .. 0.3 20.6 .. 12.7 14.3 1.5

106.2 26.2 11.4 4.7 1.2 23.3 2.2 17.8 51.8 8.8

384.8 146.2 6.4 4.2 1.6 .. .. 27.8 66.9 2.9

301.2 125.7 4.8 3.1 1.3 .. .. 26.4 68.4 2.7

271.3 116.5 3.6 2.3 1.0 .. .. 25.9 68.9 2.6

253.2 112.8 3.3 2.0 0.9 .. .. 26.2 68.6 2.4

265.7 104.6 4.2 2.1 0.8 .. .. 26.5 68.2 2.2

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

11,955 5,460 664 3,786 .. 1,762

14,246 6,060 728 6,098 .. 461

14,612 5,177 725 5,650 .. 58

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

316.1 144.4 21.8 2.3 1.0 .. .. 12.5 76.1 5.2

345.5 147.0 9.1 3.3 1.4 .. .. 22.0 71.7 3.7

433.8 153.7 6.5 4.7 1.7 .. .. 27.2 67.2 3.3

505 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

231 231 57 4 4 53 35 174 0 0 174 0 0 0

2,917 2,917 2,161 311 89 1,850 1,749 756 0 0 756 0 0 0

15,108 15,108 13,830 901 205 12,930 12,929 1,277 0 0 1,277 0 0 0

0 4

215 42

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

60 60 9 3 3 6 5 51 0 0 51 0 0 0

1997

1998

1999

2000

2001

2002

2003

16,326 16,326 15,191 771 599 14,420 14,418 1,135 0 0 1,135 0 0 0

16,353 16,353 15,233 734 591 14,499 14,497 1,120 0 0 1,120 0 0 0

16,142 16,142 15,055 641 563 14,414 14,412 1,088 0 0 1,088 0 0 0

15,930 15,930 14,862 575 528 14,287 14,286 1,068 0 0 1,068 0 0 0

15,809 15,809 14,751 557 521 14,194 14,193 1,058 0 0 1,058 0 0 0

15,849 15,849 14,766 518 489 14,248 14,246 1,082 0 0 1,082 0 0 0

15,848 15,848 14,739 475 455 14,264 14,262 1,109 0 0 1,109 0 0 0

479 44

85 34

67 32

41 31

25 30

15 28

11 27

4 25

1,147 1,147 971 64 2 907 900 176 0 0 176 0 0 0

186 186 157 29 8 128 128 28 0 0 28 0 0 0

104 104 104 55 54 49 49 0 0 0 0 0 0 0

64 64 63 35 35 28 28 1 0 0 1 0 0 0

34 34 34 20 20 14 14 0 0 0 0 0 0 0

18 18 18 12 12 6 6 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

60 2

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

30 30 9 0 0 9 5 21 0 0 21 0 0 0

225 225 91 4 1 88 31 133 0 0 133 0 0 0

1,066 1,066 1,029 24 8 1,005 1,005 37 0 0 37 0 0 0

353 353 347 310 31 37 37 5 0 0 5 0 0 0

94 94 89 55 20 34 34 5 0 0 5 0 0 0

127 127 122 74 36 48 48 5 0 0 5 0 0 0

121 121 117 70 44 48 48 4 0 0 4 0 0 0

102 102 100 53 41 47 47 1 0 0 1 0 0 0

110 110 108 57 46 51 51 1 0 0 1 0 0 0

165 165 161 56 44 105 105 4 0 0 4 0 0 0

0 0

3 0

1 2

262 10

22 1

21 1

14 1

8 1

6 1

8 1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

30 30 0 3 3 -3 0 30 0 0 30 0 0 0

922 922 880 60 2 820 869 42 0 0 42 0 0 0

-880 -880 -872 5 0 -877 -877 -9 0 0 -9 0 0 0

-249 -249 -244 -256 24 12 12 -5 0 0 -5 0 0 0

-31 -31 -26 -20 15 -6 -6 -4 0 0 -4 0 0 0

-93 -93 -89 -54 -16 -34 -34 -5 0 0 -5 0 0 0

-103 -103 -99 -58 -32 -41 -41 -4 0 0 -4 0 0 0

-101 -101 -100 -53 -41 -47 -47 -1 0 0 -1 0 0 0

-109 -109 -108 -57 -46 -51 -51 -1 0 0 -1 0 0 0

-165 -165 -161 -56 -44 -105 -105 -4 0 0 -4 0 0 0

0 3

57 2

-1 -2

-262 -10

-22 -1

-21 -1

-14 -1

-8 -1

-6 -1

-8 -1

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

506 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

6 6 2 0 0 2 1 4 0 0 4 0 0 0

77 77 46 20 1 26 18 31 0 0 31 0 0 0

41 41 32 14 5 18 18 9 0 0 9 0 0 0

63 63 62 40 27 22 22 1 0 0 1 0 0 0

78 78 77 56 24 21 21 1 0 0 1 0 0 0

79 79 79 57 25 21 21 1 0 0 1 0 0 0

102 102 102 82 23 20 20 0 0 0 0 0 0 0

64 64 64 45 21 18 18 0 0 0 0 0 0 0

49 49 48 31 21 17 17 0 0 0 0 0 0 0

55 55 54 21 20 34 34 0 0 0 0 0 0 0

0 0

18 0

1 1

9 3

28 0

30 0

57 0

23 0

9 0

1 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

24 24 -2 3 3 -5 -1 26 0 0 26 0 0 0

845 845 834 40 0 794 851 11 0 0 11 0 0 0

-922 -922 -904 -9 -5 -895 -895 -18 0 0 -18 0 0 0

-312 -312 -306 -296 -3 -10 -10 -7 0 0 -7 0 0 0

-109 -109 -104 -76 -9 -27 -27 -5 0 0 -5 0 0 0

-173 -173 -167 -112 -40 -55 -55 -5 0 0 -5 0 0 0

-205 -205 -201 -140 -55 -61 -61 -4 0 0 -4 0 0 0

-165 -165 -164 -98 -63 -65 -65 -2 0 0 -2 0 0 0

-158 -158 -157 -88 -68 -68 -68 -2 0 0 -2 0 0 0

-220 -220 -215 -77 -64 -138 -138 -4 0 0 -4 0 0 0

0 3

39 1

-2 -2

-271 -13

-50 -2

-51 -2

-72 -2

-31 -2

-15 -2

-8 -2

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

36 36 11 0 0 11 6 25 0 0 25 0 0 0

302 302 138 24 2 114 49 165 0 0 165 0 0 0

1,107 1,107 1,061 39 13 1,023 1,023 46 0 0 46 0 0 0

416 416 409 350 58 59 59 7 0 0 7 0 0 0

172 172 166 111 44 55 55 6 0 0 6 0 0 0

206 206 201 132 61 69 69 5 0 0 5 0 0 0

223 223 219 152 67 67 67 4 0 0 4 0 0 0

165 165 164 98 63 65 65 2 0 0 2 0 0 0

158 158 157 88 68 68 68 2 0 0 2 0 0 0

220 220 215 77 64 138 138 4 0 0 4 0 0 0

0 0

21 0

2 2

271 13

50 2

51 2

72 2

31 2

15 2

8 2

110 11 99

1,975 1,392 583

922 716 206

578 531 46

545 512 33

56 49 6

33 29 4

0 0 0

0 0 0

0 0 0

39 0 231 0

1,838 0 2,916 0

13,134 0 15,107 0

15,017 0 16,326 0

15,088 0 16,352 0

14,976 0 16,142 0

14,813 0 15,929 0

14,713 0 15,809 0

14,735 0 15,848 0

14,717 0 15,847 0

2.2 .. .. 2.7 0.6 0.0 86.7 0.2 0.0 7.6

2.6 .. .. 2.9 0.7 0.0 86.5 0.2 0.0 7.2

3.0 .. .. 3.0 0.7 0.0 86.4 0.1 0.0 6.7

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 1.7 7.0 0.0 4.0 4.1 31.4 0.0 0.0 51.7

.. 1.5 3.6 0.3 0.2 0.8 70.1 8.0 0.0 15.6

.. 2.1 0.8 1.8 0.6 0.0 86.2 3.3 0.0 5.3

.. 2.0 0.6 2.8 0.8 0.0 84.5 0.6 0.0 8.7

.. 2.1 0.7 3.1 0.7 0.0 84.3 0.5 0.0 8.6

.. 1.8 0.6 3.5 0.7 0.0 85.0 0.4 0.0 8.1

.. 1.7 0.6 3.1 0.6 0.0 86.1 0.3 0.0 7.7

507 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 1,522 -91 .. -342 -547 1,286 -120 1,239 -672 -514 .. 247 154 179 146 .. 0 0 0 0 .. 0 0 0 0 -264 98 -27 .. 157 .. -73 77 -42 -90 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-712 -708 106 0 0 -112 3

-317 -421 124 0 0 -98 79

125 -109 86 0 0 149 0

100 -165 101 0 0 167 -3

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 33 .. .. .. .. ..

4.3 8.7 2.4 24.0

2.5 22.4 4.3 50.7

3.7 22.7 6.1 43.6

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

2.7 8.7 3.0 30.4

2.0 25.1 4.2 55.8

3.8 23.0 6.2 43.9

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

4.5 8.7 2.4 23.2

4.1 12.6 4.4 32.2

3.0 12.8 3.6 36.3

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

14 1,169 344 0 0 0 0 2 918 334 0 0 0 0 13 251 10 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0 901 93

0 880 72

0 869 52

0 126 32

0 117 27

0 110 23

0 108 19

0 102 14

0 91 11

0 78 7

0 897 93

0 877 72

0 869 52

0 125 32

0 116 27

0 110 23

0 108 19

0 102 14

0 91 11

0 78 7

0 844 75

0 836 56

0 830 38

0 90 20

0 81 17

0 74 14

0 72 11

0 68 9

0 58 6

0 49 4

0 53 18

0 42 16

0 38 14

0 36 12

0 36 10

0 36 9

0 36 7

0 34 6

0 34 4

0 29 3

0 4 0

0 3 0

0 1 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 4 0

0 3 0

0 1 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

508 TAJIKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

1,065 961 669 292 30 74 37 15 22 100 32 68 0

1,243 997 703 294 99 147 35 16 20 95 35 60 0

1,275 1,072 741 331 100 102 41 21 20 122 66 55 11

1,034 846 755 91 111 77 45 23 22 121 70 51 3

1,058 869 762 107 110 79 27 27 0 77 77 0 27

1,142 988 901 87 94 60 9 3 6 87 58 30 25

1,166 985 926 59 100 82 3 1 2 60 56 4 26

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

52 42 10 29 29 0 52 29 19 17 1 1 34 48 45 1 1

131 66 65 61 61 0 145 75 31 28 2 1 114 92 89 2 1

132 122 9 53 48 5 27 -51 26 20 2 4 1 79 68 7 4

62 37 25 37 28 10 -4 -29 25 21 2 2 -30 63 49 12 2

115 100 15 58 46 12 77 20 23 20 1 2 54 81 66 13 2

34 24 10 79 45 34 -46 -1 17 15 1 1 -63 96 60 35 1

52 41 11 73 57 15 8 28 16 15 0 1 -8 88 72 16 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

86 13 18 0 55 9 69 18

87 5 25 0 58 10 70 18

150 74 21 0 55 10 96 54

83 9 24 0 50 15 70 13

153 54 9 0 89 19 126 26

120 -21 36 2 104 52 103 17

94 -16 32 0 78 38 88 6

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

68 17 2 64 4

56 28 3 55 2

129 20 1 94 35

61 21 1 66 -5

132 20 0 121 12

105 15 0 96 9

79 15 1 77 1

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

1,264 646 0 823 56 -120

1,031 698 0 769 57 -36

934 804 0 903 94 -63

1,012 703 0 860 94 -74

1,177 848 79 986 90 -32

1,463 969 146 1,122 118 -41

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

192.5 98.4 14.2 4.8 2.4 4.5 0.8 11.8 49.8 8.4

182.6 123.6 11.3 3.7 2.5 4.5 0.9 8.0 52.0 12.3

128.6 110.7 7.8 3.2 2.7 9.1 1.3 7.5 65.3 18.0

150.6 104.6 11.5 3.2 2.2 8.9 1.3 7.5 70.6 25.0

134.7 97.0 11.3 2.0 1.4 7.8 1.1 5.3 68.7 26.8

120.3 79.7 9.1 1.6 1.1 10.1 1.3 7.0 73.6 31.4

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

879 773 0 874 39 -61

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

137.8 121.2 6.2 2.4 2.1 3.6 0.5 6.9 52.4 4.7

509 TAJIKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

961 669 601 50 50 551 508 68 0 68 0 292 0 292

997 703 643 104 104 539 515 60 0 60 0 294 0 294

1,072 741 686 157 157 529 505 55 0 55 0 331 0 331

846 755 704 186 185 518 490 51 0 51 0 91 0 91

869 762 762 264 263 497 485 0 0 0 0 107 0 107

988 901 851 306 303 545 481 50 0 39 11 87 0 87

985 926 917 366 364 550 495 9 0 0 9 59 0 59

.. ..

0 50

0 92

0 126

0 143

0 172

0 195

0 228

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

42 42 42 22 22 20 9 0 0 0 0 0 0 0

66 52 52 50 50 2 2 0 0 0 0 14 0 14

122 55 55 55 55 0 0 0 0 0 0 67 0 67

37 36 36 36 35 0 0 0 0 0 0 1 0 1

100 52 52 41 39 11 1 0 0 0 0 48 0 48

24 24 24 24 24 0 0 0 0 0 0 0 0 0

41 41 41 38 37 3 3 0 0 0 0 0 0 0

.. ..

.. ..

.. ..

0 22

0 38

0 36

0 23

0 35

0 10

0 13

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

29 29 29 0 0 29 29 0 0 0 0 0 0 0

61 48 40 0 0 40 40 8 0 8 0 13 0 13

48 18 14 0 0 14 14 4 0 4 0 30 0 30

28 15 15 0 0 15 15 0 0 0 0 12 0 12

46 15 15 8 7 8 8 0 0 0 0 31 0 31

45 24 24 8 8 17 17 0 0 0 0 20 0 20

57 34 31 10 10 21 16 2 0 0 2 24 0 24

.. ..

.. ..

.. ..

0 0

0 0

0 0

0 0

0 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

13 13 13 22 22 -9 -20 0 0 0 0 0 0 0

5 4 12 50 50 -38 -38 -8 0 -8 0 1 0 1

74 37 41 55 55 -14 -14 -4 0 -4 0 37 0 37

9 20 20 36 35 -15 -15 0 0 0 0 -11 0 -11

54 37 37 33 32 4 -6 0 0 0 0 17 0 17

-21 0 0 16 16 -17 -17 0 0 0 0 -20 0 -20

-16 7 10 27 27 -18 -12 -2 0 0 -2 -24 0 -24

.. ..

.. ..

.. ..

0 22

0 38

0 36

0 23

0 35

0 10

0 13

5. LONG-TERM DEBT

510 TAJIKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

17 5 5 0 0 5 5 0 0 0 0 12 0 12

28 15 15 0 0 14 14 0 0 0 0 13 0 13

20 3 2 1 1 2 2 1 0 1 0 17 0 17

21 7 4 1 1 3 3 4 0 4 0 14 0 14

20 17 6 3 3 2 1 11 0 11 0 3 0 3

15 10 7 4 4 3 3 3 0 2 1 5 0 5

15 11 10 4 4 7 4 1 0 0 1 4 0 4

.. ..

.. ..

.. ..

0 0

0 0

0 1

0 1

0 1

0 1

0 2

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-3 9 9 22 22 -13 -25 0 0 0 0 -12 0 -12

-23 -11 -3 49 49 -52 -52 -8 0 -8 0 -12 0 -12

54 34 39 54 54 -15 -15 -5 0 -5 0 20 0 20

-12 13 16 34 34 -18 -18 -4 0 -4 0 -25 0 -25

34 20 31 30 29 1 -8 -11 0 -11 0 14 0 14

-36 -10 -7 12 12 -20 -19 -3 0 -2 -1 -26 0 -26

-31 -4 -1 24 24 -25 -17 -3 0 0 -3 -27 0 -27

.. ..

.. ..

.. ..

0 22

0 37

0 35

0 22

0 34

0 8

0 12

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

45 33 33 0 0 33 33 0 0 0 0 12 0 12

89 63 55 0 0 55 54 8 0 8 0 26 0 26

68 21 16 1 1 15 15 5 0 5 0 47 0 47

49 23 19 1 1 18 18 4 0 4 0 26 0 26

66 32 21 11 10 10 9 11 0 11 0 34 0 34

60 34 31 11 11 20 19 3 0 2 1 26 0 26

72 45 42 14 14 28 20 3 0 0 3 27 0 27

.. ..

.. ..

.. ..

0 0

0 0

0 1

0 1

0 1

0 1

0 2

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

33 33 0

85 65 20

126 106 20

138 118 20

256 236 20

302 302 0

344 344 0

.. .. .. ..

.. .. .. ..

.. .. .. ..

558 385 669 292

619 359 703 294

663 392 741 331

675 147 755 91

747 164 762 107

785 163 894 94

859 140 918 66

.. 0.0 0.0 0.0 0.0 0.0 97.9 0.0 0.0 2.1

6.0 .. .. 0.0 0.0 0.0 91.8 0.0 0.0 2.2

6.0 .. .. 0.0 0.0 0.0 91.4 0.0 0.0 2.5

5.9 .. .. 0.0 0.0 0.0 91.3 0.0 0.0 2.9

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 0.0 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0

.. 0.0 0.0 0.0 0.0 0.0 99.0 0.0 0.0 1.0

.. 0.0 0.0 0.0 0.0 0.0 97.8 0.0 0.0 2.2

511 TAJIKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 19 197 7 .. .. 18 151 0 .. .. 0 20 0 .. .. 0 20 0 .. .. 0 0 0 .. .. 0 6 0 .. .. 0 6 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 366 178 32 52 145 27 .. .. .. .. 24 -1 6 .. .. 0 6 0 .. .. 0 0 0 .. .. -3 -14 -4 .. .. 293 43 3 9. AVERAGE TERMS OF NEW COMMITMENTS

0 0 0 0 0 0 0 0 2 0 0 0

67 62 56 13 43 11 0 11 18 2 0 0

0 0 0 0 0 0 0 0 0 0 0 0

25 4 0 0 0 0 0 0 0 0 0 0

-241 -4 4 0 -2 -12 -227

25 77 -18 11 -18 -12 -16

83 -46 -18 0 0 34 113

24 8 -6 0 0 44 -21

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.5 37.9 9.9 81.5

1.7 29.2 7.8 64.2

1.0 35.2 9.2 75.2

3.8 26.4 6.7 48.0

1.5 30.6 8.0 67.4

1.1 34.2 9.0 73.5

2.0 28.0 7.0 61.5

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.5 37.9 9.9 81.5

0.6 35.8 9.4 78.4

1.0 35.2 9.2 75.2

3.8 26.4 6.7 48.0

1.5 30.6 8.0 67.4

1.1 34.2 9.0 73.5

2.0 28.0 7.0 61.5

.. .. .. ..

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

6.0 2.2 1.3 5.8

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

.. .. .. 25 102 98 53 .. .. .. 25 82 98 53 .. .. .. 0 20 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

175 175 0

68 68 0

96 96 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

93 41 21

71 60 20

58 59 19

44 58 18

32 61 17

18 63 16

11 64 14

7 63 13

6 64 12

2 65 10

93 26 18

71 45 18

58 49 18

44 52 17

32 54 16

18 59 15

11 60 14

7 60 13

6 63 12

2 64 10

13 21 13

12 43 13

7 46 12

3 46 11

2 45 10

1 45 9

0 45 7

0 42 6

0 30 5

0 30 4

81 5 4

59 2 5

51 4 6

40 6 6

30 10 6

18 14 6

11 16 7

7 18 7

6 33 7

2 33 6

0 16 3

0 15 2

0 9 2

0 6 1

0 7 1

0 4 1

0 3 0

0 3 0

0 1 0

0 1 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 16 3

0 15 2

0 9 2

0 6 1

0 7 1

0 4 1

0 3 0

0 3 0

0 1 0

0 1 0

512 TANZANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

212 188 173 15 0 24 0 0 0 0 0 0 0

5,323 3,381 3,297 84 171 1,771 1,468 1,464 3 593 586 7 0

6,454 5,794 5,782 12 140 520 404 280 124 824 628 196 1,278

7,200 6,106 6,065 41 246 848 709 539 170 1,112 914 198 1,034

7,670 6,485 6,449 37 268 917 769 585 184 1,095 913 182 776

8,081 6,748 6,716 32 312 1,020 862 696 167 1,230 1,052 178 559

7,184 6,017 5,989 28 324 844 642 468 174 695 531 164 545

6,768 5,815 5,791 24 341 612 492 451 41 563 495 68 463

7,339 6,229 6,210 20 400 710 549 499 50 611 550 61 244

7,516 6,248 6,233 16 437 831 674 610 64 663 599 65 95

56 56 0 4 4 0 52 0 3 3 0 0 49 7 7 0 0

432 365 66 81 49 33 403 53 80 48 7 26 323 161 96 39 26

325 296 29 118 89 28 223 16 62 47 6 9 162 179 136 34 9

336 251 85 121 90 31 226 12 48 41 1 6 179 169 131 32 6

264 216 48 136 98 38 138 9 112 103 1 7 26 248 201 39 7

341 260 80 137 108 29 213 10 82 73 1 8 130 220 181 31 8

261 208 53 108 98 10 197 44 64 52 2 10 134 171 150 12 10

226 175 51 106 103 2 39 -82 48 39 2 6 -9 153 143 4 6

240 188 52 67 62 5 214 41 43 35 2 6 172 110 97 7 6

545 520 25 52 44 7 489 -4 40 33 2 5 449 92 77 9 5

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

62 52 3 0 6 21 48 14

807 317 5 0 485 173 703 104

884 207 0 0 677 208 879 5

750 161 158 0 431 218 614 136

939 117 172 0 650 190 784 155

1,243 152 517 0 574 149 743 500

1,304 111 463 0 730 153 856 448

1,326 72 327 0 927 155 1,020 306

1,241 126 240 0 874 181 1,022 219

1,652 476 248 0 929 160 1,388 264

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

59 3 0 46 13

759 48 0 669 91

837 47 0 835 1

706 41 3 576 130

828 103 8 684 144

1,153 73 17 682 471

1,238 52 13 807 432

1,286 39 1 983 303

1,204 35 2 988 215

1,617 33 2 1,356 262

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. 0 .. 65 ..

.. 762 0 1,412 20 -521

4,072 544 0 1,665 193 -559

8,278 1,179 12 2,490 599 -751

8,543 1,187 7 2,359 775 -835

8,959 1,341 8 2,230 974 -499

9,356 1,511 10 2,390 1,157 -480

9,721 1,643 7 2,315 1,529 -251

10,244 1,784 7 2,784 2,038 -971

.. .. .. .. .. 30.6 .. 11.3 76.9 18.1

698.7 .. 21.2 10.5 .. 0.4 0.2 33.3 50.6 10.6

1,185.8 158.5 32.9 11.3 1.5 3.0 1.4 8.1 53.5 30.6

650.3 92.7 21.0 9.5 1.3 7.8 2.9 12.0 72.0 41.0

681.0 94.6 18.5 6.9 1.0 9.6 3.9 12.6 72.5 40.6

535.8 80.2 12.8 4.7 0.7 13.6 5.2 11.7 73.3 45.5

447.9 72.3 10.1 3.1 0.5 17.1 5.8 9.0 77.9 47.8

446.7 75.5 6.7 2.6 0.4 20.8 7.9 9.7 77.8 48.6

421.4 73.4 5.1 2.3 0.4 27.1 8.8 11.1 78.1 56.7

3. MAJOR ECONOMIC AGGREGATES 7,562 1,254 2 2,130 622 -473

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

574.0 95.2 13.5 3.8 0.6 8.6 3.5 11.8 71.0 40.6

513 TANZANIA (US$ million, unless otherwise indicated) 1970

1980

1990

188 173 168 38 35 129 129 6 0 0 6 15 0 15

3,381 3,297 3,040 564 305 2,476 2,387 257 0 32 225 84 0 84

5,794 5,782 5,295 1,976 1,619 3,320 1,832 487 0 83 405 12 0 12

4 35

198 242

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

56 49 43 11 9 33 32 6 0 0 6 8 0 8

1997

1998

1999

2000

2001

2002

2003

6,106 6,065 5,804 2,926 2,818 2,878 2,294 261 0 65 196 41 0 41

6,485 6,449 6,198 3,144 3,054 3,054 2,472 251 0 66 185 37 0 37

6,748 6,716 6,478 3,278 3,204 3,200 2,656 238 0 77 162 32 0 32

6,017 5,989 5,783 3,267 3,209 2,516 2,054 206 0 80 126 28 0 28

5,815 5,791 5,701 3,233 3,198 2,467 2,072 91 0 17 74 24 0 24

6,229 6,210 6,133 3,570 3,542 2,563 2,164 76 0 17 59 20 0 20

6,248 6,233 6,137 4,263 4,238 1,874 1,630 96 0 38 58 16 0 16

243 1,250

34 2,306

22 2,463

16 2,594

11 2,593

8 2,588

6 2,869

3 3,474

365 334 243 122 63 122 94 91 0 9 82 31 0 31

296 296 279 200 187 80 50 17 0 4 12 0 0 0

251 251 251 244 238 8 6 0 0 0 0 0 0 0

216 216 216 187 184 28 10 0 0 0 0 0 0 0

260 260 253 251 249 3 3 7 0 5 2 0 0 0

208 208 203 185 185 18 18 5 0 5 0 0 0 0

175 175 174 147 145 27 27 1 0 0 1 0 0 0

188 188 188 188 188 0 0 0 0 0 0 0 0 0

520 520 500 452 452 48 43 20 0 20 0 0 0 0

1 9

34 35

0 186

0 183

0 102

0 199

0 142

0 119

0 148

0 397

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

4 2 2 0 0 2 2 0 0 0 0 3 0 3

49 32 26 8 1 18 18 6 0 1 6 16 0 16

89 89 77 45 13 33 24 12 0 0 12 0 0 0

90 86 68 64 31 4 4 18 0 2 16 4 0 4

98 94 81 64 39 17 9 13 0 1 12 4 0 4

108 104 84 52 40 32 24 20 0 1 19 4 0 4

98 94 77 29 18 47 34 17 0 0 17 4 0 4

103 99 81 44 29 37 21 18 0 7 11 4 0 4

62 58 40 22 14 18 9 18 0 1 17 4 0 4

44 41 41 21 14 20 16 1 0 0 0 3 0 3

0 0

5 1

26 6

20 15

12 17

6 24

4 9

3 19

2 5

3 9

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

52 47 42 11 9 31 30 6 0 0 6 5 0 5

317 302 217 114 63 103 76 84 0 9 76 15 0 15

207 207 202 155 174 47 26 5 0 4 0 0 0 0

161 165 183 180 207 3 2 -18 0 -1 -16 -4 0 -4

117 122 135 124 145 11 1 -13 0 -1 -12 -4 0 -4

152 156 169 198 209 -29 -21 -13 0 4 -17 -4 0 -4

111 115 126 155 167 -29 -15 -12 0 5 -17 -4 0 -4

72 76 93 104 116 -10 6 -17 0 -7 -10 -4 0 -4

126 131 148 166 173 -18 -8 -17 0 -1 -16 -4 0 -4

476 478 459 431 438 29 28 19 0 20 0 -3 0 -3

1 9

29 34

-26 181

-20 167

-12 85

-6 175

-4 133

-3 100

-2 143

-3 387

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

514 TANZANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

3 2 2 0 0 2 2 0 0 0 0 1 0 1

48 41 34 18 2 16 14 7 0 1 6 7 0 7

47 47 44 27 9 17 11 3 0 0 3 0 0 0

41 39 38 35 25 3 2 2 0 0 1 1 0 1

103 102 101 36 22 65 54 1 0 0 1 1 0 1

73 72 61 29 25 32 26 11 0 0 11 1 0 1

52 51 49 23 19 26 17 2 0 0 2 1 0 1

39 39 38 24 17 13 11 1 0 0 1 1 0 1

35 35 34 23 22 11 4 1 0 0 1 1 0 1

33 32 32 26 26 6 5 0 0 0 0 1 0 1

0 0

15 2

17 8

4 16

2 17

2 19

1 15

1 16

1 17

0 20

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

49 45 40 10 9 29 28 6 0 0 6 4 0 4

269 261 183 96 61 87 62 78 0 8 70 9 0 9

160 160 158 128 165 30 15 1 0 4 -3 0 0 0

121 126 145 145 182 1 0 -19 0 -2 -18 -6 0 -6

14 20 34 88 124 -53 -53 -15 0 -1 -14 -5 0 -5

79 84 108 170 184 -62 -47 -24 0 4 -28 -5 0 -5

58 64 77 132 147 -55 -33 -13 0 5 -19 -5 0 -5

33 38 56 79 99 -24 -5 -18 0 -7 -11 -5 0 -5

91 96 114 143 151 -28 -13 -19 0 -1 -18 -5 0 -5

443 446 427 404 412 23 23 19 0 20 0 -3 0 -3

1 9

14 33

-43 172

-24 151

-14 68

-8 156

-6 119

-4 84

-3 126

-3 367

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

7 4 4 0 0 3 3 0 0 0 0 3 0 3

96 73 60 26 2 34 32 13 0 2 12 23 0 23

136 136 121 72 21 49 34 15 0 0 15 0 0 0

131 125 106 99 56 7 6 19 0 2 18 6 0 6

201 196 182 100 61 82 63 15 0 1 14 5 0 5

181 176 145 81 65 64 50 31 0 1 30 5 0 5

150 145 126 53 37 73 51 19 0 0 19 5 0 5

143 138 119 68 46 51 32 19 0 7 12 5 0 5

97 93 74 45 36 29 13 19 0 1 18 5 0 5

77 74 73 47 39 26 21 1 0 0 0 3 0 3

0 0

20 2

43 14

24 32

14 33

8 43

6 23

4 35

3 22

3 29

315 311 4

1,159 1,082 77

1,169 1,164 5

1,157 1,145 12

1,105 1,094 11

916 882 33

995 950 45

1,255 1,217 39

1,303 1,264 39

1,153 1,119 33

163 15 173 15

2,692 89 3,269 112

3,451 467 5,725 70

5,112 338 5,985 121

5,525 313 6,371 114

5,860 307 6,650 99

5,263 273 5,936 80

5,270 186 5,755 60

5,706 186 6,181 48

5,869 50 6,231 17

.. 1.4 1.5 7.8 8.7 0.0 51.2 12.9 5.1 11.4

5.4 .. .. 11.4 8.2 0.0 49.3 13.4 5.1 7.2

5.5 .. .. 10.9 7.7 0.0 50.4 13.4 5.1 7.1

1.8 .. .. 11.5 5.4 0.0 54.3 13.7 5.5 7.8

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 3.2 0.0 0.0 10.9 0.0 28.3 2.1 0.0 55.5

.. 1.3 2.0 49.7 4.1 0.3 13.3 6.5 0.1 22.6

.. 3.9 3.9 8.5 11.7 0.6 35.7 6.0 1.3 28.4

.. 1.9 2.0 10.1 9.8 0.0 45.5 6.7 4.9 19.1

.. 1.9 1.9 11.7 9.2 0.0 45.3 6.7 5.0 18.2

.. 1.5 1.6 14.1 8.8 0.0 45.5 6.5 4.7 17.3

515 TANZANIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 183 761 152 68 .. 0 0 0 0 .. 59 422 30 2 .. 35 328 30 2 .. 24 94 0 0 .. 96 229 13 2 .. 91 207 13 2 .. 5 21 0 0 .. 102 243 71 26 .. 10 75 0 0 .. 0 11 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 601 -187 471 411 403 223 226 138 213 60 93 .. 61 -195 .. 96 229 13 2 -71 -26 .. -102 -254 -79 -74 .. 118 -509 .. 204 317 409 203 9. AVERAGE TERMS OF NEW COMMITMENTS

432 0 252 245 7 97 97 0 385 204 3 0

35 0 14 14 0 12 12 0 217 191 69 7

72 0 14 14 0 9 9 0 91 40 0 0

38 0 4 4 0 0 0 0 91 3 663 0

-897 197 -220 97 -388 -310 -273

-416 39 -150 12 -278 -210 171

571 214 57 9 -91 335 45

177 489 125 0 -754 429 -111

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 52 .. .. .. .. ..

1.4 41.0 22.5 81.0

4.1 22.8 7.5 42.8

1.1 34.9 9.3 72.5

1.0 41.5 9.8 78.2

1.5 36.2 8.2 66.9

1.6 34.9 9.6 69.3

0.9 38.2 9.8 78.2

0.7 40.8 10.0 80.1

0.6 33.6 7.9 72.6

0.8 40.6 10.3 79.9

1.4 41.0 22.5 81.0

3.7 24.1 8.1 46.7

1.1 35.3 9.4 72.9

0.9 42.3 10.0 79.6

1.3 37.2 8.4 68.9

1.1 39.5 10.2 76.8

0.8 39.0 10.1 79.6

0.7 40.8 10.0 80.1

0.6 33.6 7.9 72.7

0.8 41.2 10.3 81.0

0.0 0.0 0.0 0.0

7.5 11.7 3.2 10.4

2.5 13.3 6.8 47.7

5.0 3.0 1.0 8.6

6.5 3.9 2.2 8.2

4.5 9.1 6.1 27.6

2.5 23.8 4.3 51.7

0.0 0.0 0.0 0.0

6.0 3.3 1.0 6.9

3.0 26.8 9.3 55.2

271 737 697 269 141 195 391 271 658 686 264 137 165 371 0 79 12 6 5 29 20 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

495 495 0

230 229 0

279 268 12

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

323 139 89

240 146 90

188 151 89

141 157 88

101 164 86

66 161 84

44 165 82

22 174 80

12 187 78

7 189 76

305 134 87

230 137 88

184 139 87

140 145 86

101 152 85

66 158 83

44 163 82

22 173 80

12 186 78

7 187 76

22 46 51

26 48 51

18 48 50

12 48 49

8 48 48

5 48 47

2 39 46

0 33 45

0 34 44

0 26 43

283 88 36

203 89 37

166 90 37

128 97 37

94 105 37

62 111 36

42 124 36

22 140 35

12 152 34

7 160 32

18 4 2

10 8 2

4 12 2

2 12 2

0 11 1

0 3 1

0 2 1

0 1 1

0 1 1

0 2 1

0 0 1

0 4 1

0 8 1

0 8 1

0 8 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

18 4 1

10 4 1

4 4 1

2 3 1

0 3 1

0 3 1

0 2 1

0 1 1

0 1 1

0 2 1

516 THAILAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,001 726 324 402 0 275 0 0 0 0 0 0 0

8,297 5,646 3,943 1,703 348 2,303 0 0 0 0 0 0 0

28,094 19,771 12,460 7,311 1 8,322 0 0 0 0 0 0 3,106

109,699 69,434 22,292 47,142 2,429 37,836 0 0 0 0 0 0 12,211

104,917 72,019 28,088 43,931 3,238 29,660 0 0 0 0 0 0 6,551

96,770 69,920 31,306 38,615 3,431 23,418 0 0 0 0 0 0 6,034

79,710 61,768 29,453 32,316 3,062 14,880 0 0 0 0 0 0 4,464

67,181 52,277 26,208 26,069 1,681 13,223 0 0 0 0 0 0 3,512

59,459 47,149 22,612 24,537 391 11,919 0 0 0 0 0 0 3,475

51,793 40,889 17,763 23,125 0 10,904 0 0 0 0 0 0 2,703

220 220 0 131 131 0 90 0 33 33 0 0 57 163 163 0 0

2,648 2,604 45 804 782 22 1,808 -37 814 473 13 328 994 1,617 1,254 35 328

4,569 4,569 0 3,264 2,983 281 3,515 2,210 2,026 1,355 21 650 1,489 5,290 4,338 302 650

14,757 12,280 2,477 6,177 6,177 0 -1,300 -9,879 5,633 3,468 14 2,150 -6,933 11,810 9,645 14 2,150

8,134 7,456 678 7,811 7,811 0 -7,852 -8,176 4,942 3,755 121 1,066 -12,794 12,752 11,565 121 1,066

6,304 6,030 273 9,438 9,438 0 -9,376 -6,242 6,792 5,649 129 1,014 -16,168 16,230 15,087 129 1,014

4,021 4,021 0 9,142 8,945 198 -13,659 -8,538 4,849 3,776 168 905 -18,508 13,991 12,721 366 905

8,649 8,649 0 17,009 15,720 1,289 -10,016 -1,657 3,303 2,617 124 562 -13,319 20,312 18,337 1,413 562

8,608 8,608 0 17,171 15,811 1,360 -9,867 -1,304 2,549 2,094 37 419 -12,416 19,720 17,905 1,396 419

6,338 6,338 0 12,961 12,558 402 -7,638 -1,015 2,109 1,721 5 382 -9,747 15,069 14,280 408 382

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

139 90 43 0 6 49 27 111

2,087 1,822 190 0 75 103 623 1,464

4,662 1,586 2,444 440 193 230 292 4,370

13,953 6,102 3,895 3,868 88 218 6,017 7,935

7,331 -355 7,315 289 81 200 1,177 6,154

3,706 -3,408 6,103 945 67 192 2,329 1,377

-619 -4,923 3,366 901 38 197 528 -1,147

-2,782 -7,070 3,892 352 44 168 -135 -2,647

-5,661 -7,203 953 539 51 178 -4,052 -1,609

-3,027 -6,221 1,949 1,194 50 170 -4,183 1,155

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

106 33 0 13 93

1,576 473 38 506 1,070

2,996 1,355 312 -150 3,146

8,857 3,468 1,628 5,577 3,279

2,139 3,755 1,437 378 1,761

-3,489 5,649 1,546 1,239 -4,728

-5,910 3,776 1,515 -480 -5,430

-7,228 2,617 1,829 -1,079 -6,149

-10,058 2,094 2,304 -4,797 -5,262

-7,692 1,721 2,944 -4,792 -2,900

7,096 .. 0 .. 911 ..

32,091 8,575 383 10,861 3,026 -2,076

119,002 74,502 1,460 62,427 34,781 12,428

120,809 85,997 1,697 77,269 32,665 9,313

113,622 79,940 1,252 74,349 33,041 6,192

124,707 84,836 1,380 78,425 38,903 7,014

140,277 96,897 1,601 89,885 42,162 7,953

.. 14.1 .. .. 0.5 91.1 .. 27.5 9.3 16.4

96.8 25.9 18.9 9.5 2.5 36.5 3.3 27.8 10.0 12.0

129.9 81.3 21.8 9.1 5.7 35.9 6.7 24.2 9.8 5.6

92.7 66.0 16.3 5.6 4.0 41.0 5.1 18.7 11.5 6.7

84.0 59.1 25.4 4.1 2.9 49.2 5.3 19.7 13.0 8.1

70.1 47.7 23.2 3.0 2.0 65.4 6.0 20.0 16.7 5.8

53.5 36.9 15.6 2.2 1.5 81.4 5.6 21.1 18.7 5.8

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

84,272 31,289 973 38,783 14,258 -7,281

146,958 76,161 1,658 79,661 26,897 -3,021

107,990 69,232 1,424 55,404 29,537 14,243

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

89.8 33.3 16.9 6.5 2.4 50.8 4.4 29.6 15.2 13.2

144.0 74.6 15.5 7.4 3.8 24.5 4.1 34.5 6.0 3.3

151.5 97.2 18.4 7.1 4.6 28.2 6.4 28.3 7.2 4.4

517 THAILAND (US$ million, unless otherwise indicated) 1970

1980

1990

726 324 291 164 0 127 93 33 0 3 30 402 0 402

5,646 3,943 2,168 992 42 1,175 787 1,776 148 1,339 289 1,703 0 1,703

19,771 12,460 8,283 3,716 247 4,567 4,034 4,177 738 2,126 1,313 7,311 40 7,272

159 0

671 32

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

220 51 38 21 0 18 11 13 0 0 13 169 0 169

1997

1998

1999

2000

2001

2002

2003

69,434 22,292 15,418 3,590 255 11,828 6,330 6,874 2,766 3,336 772 47,142 11,411 35,731

72,019 28,088 18,200 4,602 246 13,598 7,325 9,887 3,035 6,067 785 43,931 10,627 33,304

69,920 31,306 21,848 5,427 232 16,422 9,240 9,457 2,840 5,955 663 38,615 9,501 29,113

61,768 29,453 20,820 5,330 212 15,489 8,980 8,633 2,630 5,116 887 32,316 8,414 23,901

52,277 26,208 19,083 5,434 194 13,649 8,537 7,125 2,399 3,956 770 26,069 6,972 19,097

47,149 22,612 16,329 3,452 185 12,878 9,737 6,283 2,142 3,720 420 24,537 6,263 18,274

40,889 17,763 13,176 3,020 181 10,156 9,494 4,587 2,008 2,181 398 23,125 4,639 18,486

2,421 109

1,728 98

2,111 96

2,723 93

2,940 90

2,998 86

2,346 83

2,098 79

2,604 1,315 621 235 7 386 179 694 44 606 44 1,288 0 1,288

4,569 1,277 886 263 2 624 504 391 0 110 280 3,292 0 3,292

12,280 8,080 6,576 1,062 0 5,514 664 1,504 1,055 407 42 4,200 1,264 2,936

7,456 4,956 1,824 1,142 0 681 674 3,132 300 2,812 20 2,500 0 2,500

6,030 4,030 3,128 1,119 0 2,009 1,304 902 0 895 8 2,000 0 2,000

4,021 3,021 2,156 751 0 1,405 1,399 865 0 455 410 1,000 0 1,000

8,649 2,312 1,953 504 0 1,448 1,437 359 288 2 69 6,338 0 6,338

8,608 1,756 1,233 180 0 1,053 1,050 523 0 519 4 6,851 48 6,803

6,338 1,304 814 73 0 742 742 490 0 490 0 5,033 0 5,033

19 0

145 5

174 0

443 0

498 0

806 0

456 0

365 0

104 0

44 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

131 23 17 9 0 8 4 6 0 0 6 107 0 107

782 172 73 35 0 38 13 98 0 52 47 610 0 610

2,983 2,393 788 438 8 349 102 1,605 87 1,324 194 591 0 591

6,177 1,151 646 263 11 383 282 505 220 234 51 5,027 373 4,653

7,811 1,029 728 263 13 465 373 300 72 141 87 6,782 859 5,922

9,438 2,404 866 313 15 553 361 1,538 233 1,142 163 7,034 1,125 5,909

8,945 3,010 1,666 753 14 912 623 1,344 174 1,072 98 5,935 1,044 4,890

15,720 3,739 2,132 349 13 1,783 725 1,607 467 1,024 116 11,981 1,426 10,555

15,811 6,547 5,335 2,231 14 3,104 608 1,212 300 841 71 9,264 758 8,506

12,558 6,459 5,047 515 12 4,532 1,917 1,412 192 1,158 61 6,099 1,637 4,463

9 0

26 0

207 1

192 2

179 2

180 3

181 3

260 3

800 3

294 3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

90 28 21 11 0 10 6 7 0 0 7 62 0 62

1,822 1,143 548 200 7 348 166 595 44 554 -3 678 0 678

1,586 -1,115 99 -176 -6 274 402 -1,214 -87 -1,213 86 2,701 0 2,701

6,102 6,929 5,929 798 -11 5,131 382 1,000 835 173 -8 -827 891 -1,717

-355 3,927 1,096 879 -13 216 301 2,832 228 2,671 -67 -4,282 -859 -3,422

-3,408 1,626 2,262 805 -15 1,457 943 -636 -233 -247 -156 -5,034 -1,125 -3,909

-4,923 11 490 -3 -14 493 776 -479 -174 -617 312 -4,935 -1,044 -3,890

-7,070 -1,427 -179 155 -13 -335 712 -1,248 -179 -1,022 -46 -5,644 -1,426 -4,217

-7,203 -4,791 -4,102 -2,051 -14 -2,051 442 -689 -300 -322 -67 -2,412 -710 -1,703

-6,221 -5,155 -4,233 -443 -12 -3,790 -1,176 -922 -192 -668 -61 -1,066 -1,637 571

10 0

120 4

-34 -1

251 -2

319 -2

626 -3

275 -3

106 -3

-696 -3

-250 -3

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

518 THAILAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

33 16 14 9 0 5 3 2 0 0 1 17 0 17

473 269 117 75 1 42 19 152 9 117 26 204 0 204

1,355 874 442 284 5 158 110 432 46 227 160 481 2 479

3,468 853 440 190 5 250 197 414 160 217 37 2,615 560 2,054

3,755 1,254 798 248 6 550 192 455 179 239 37 2,501 587 1,914

5,649 1,681 1,090 324 6 766 375 591 204 331 56 3,968 521 3,447

3,776 1,577 1,008 350 6 658 252 569 193 353 22 2,199 476 1,723

2,617 1,403 944 342 5 602 222 460 178 266 16 1,214 399 814

2,094 1,070 745 344 2 401 209 325 142 171 12 1,023 325 698

1,721 860 610 205 2 405 230 250 121 118 10 861 283 578

9 0

53 0

188 1

104 1

122 1

173 1

178 1

189 1

191 1

150 1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

57 12 7 2 0 5 3 5 0 -1 5 45 0 45

1,349 875 431 125 6 306 147 444 35 438 -29 475 0 475

232 -1,989 -343 -460 -11 116 292 -1,646 -133 -1,440 -74 2,221 -2 2,223

2,634 6,076 5,490 609 -16 4,881 185 586 675 -44 -45 -3,441 330 -3,772

-4,109 2,673 297 631 -20 -334 109 2,376 48 2,432 -104 -6,783 -1,446 -5,337

-9,057 -54 1,172 482 -21 691 568 -1,227 -437 -578 -212 -9,003 -1,646 -7,356

-8,699 -1,566 -518 -353 -20 -165 523 -1,048 -367 -970 290 -7,134 -1,520 -5,614

-9,687 -2,830 -1,123 -187 -18 -936 490 -1,707 -357 -1,288 -62 -6,857 -1,826 -5,031

-9,297 -5,861 -4,847 -2,395 -16 -2,452 233 -1,014 -442 -493 -79 -3,436 -1,035 -2,401

-7,942 -6,015 -4,843 -647 -14 -4,196 -1,406 -1,172 -314 -787 -72 -1,927 -1,920 -7

1 0

66 4

-222 -2

147 -3

197 -3

453 -4

97 -4

-84 -4

-887 -4

-401 -4

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

163 39 31 18 0 13 8 8 0 1 7 124 0 124

1,254 441 190 111 1 80 32 250 9 168 73 814 0 814

4,338 3,267 1,230 722 13 507 212 2,037 133 1,550 354 1,071 2 1,070

9,645 2,004 1,086 453 16 633 479 918 380 451 88 7,641 934 6,707

11,565 2,283 1,527 511 20 1,015 564 756 252 380 124 9,283 1,446 7,837

15,087 4,084 1,956 637 21 1,319 736 2,129 437 1,473 219 11,003 1,646 9,356

12,721 4,587 2,674 1,104 20 1,570 875 1,913 367 1,426 121 8,134 1,520 6,614

18,337 5,142 3,076 691 18 2,385 947 2,066 645 1,290 132 13,195 1,826 11,369

17,905 7,618 6,080 2,575 16 3,506 817 1,537 442 1,011 84 10,287 1,083 9,204

14,280 7,319 5,657 720 14 4,937 2,147 1,662 314 1,277 72 6,960 1,920 5,040

18 0

79 1

396 2

296 3

301 3

353 4

360 4

449 4

991 4

445 4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

156 145 11

3,015 2,650 364

3,631 2,936 694

7,701 5,672 2,029

9,458 7,377 2,082

10,123 8,981 1,142

7,625 6,998 627

5,717 4,866 851

4,003 3,527 476

2,594 2,143 451

93 402 312 414

829 2,903 3,943 1,703

4,281 10,204 12,460 7,311

6,585 51,251 22,292 47,142

7,571 52,787 28,088 43,931

9,472 48,992 31,306 38,615

9,193 42,103 29,453 32,316

8,731 34,947 26,208 26,069

9,923 31,249 22,612 24,537

9,675 28,397 17,763 23,125

1.6 .. .. 44.6 0.1 0.0 48.1 5.3 0.0 0.3

1.7 .. .. 56.7 0.1 0.0 38.3 2.9 0.0 0.3

2.2 .. .. 61.8 0.1 0.0 32.7 2.9 0.0 0.3

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 17.6 0.0 6.0 2.4 0.0 21.6 50.7 0.0 1.7

.. 4.7 1.8 25.3 0.2 0.1 41.0 24.3 0.0 2.6

.. 3.6 1.0 42.7 0.4 5.7 15.8 28.2 0.2 2.3

.. 1.4 0.8 38.7 0.1 0.1 47.0 10.8 0.1 1.1

.. 1.3 0.6 40.0 0.1 0.1 49.1 8.0 0.1 0.8

.. 1.1 0.4 45.9 0.1 0.0 44.5 7.3 0.0 0.6

.. 1.0 0.4 46.3 0.1 0.0 46.3 5.4 0.0 0.6

519 THAILAND (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 6 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 4,606 -3,139 -4,782 -8,147 -1,300 -7,852 -9,376 1,808 3,515 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 -6 0 .. 1,024 -1,163 1,301 1,283 -54 .. 66 -676 1,775 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-17,060 -13,659 0 0 0 -1,966 -1,435

-12,529 -10,016 0 0 0 -1,917 -596

-7,722 -9,867 0 0 0 1,482 664

-7,666 -7,638 0 0 0 1,672 -1,701

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 90 .. .. .. .. ..

6.8 19.2 4.4 19.6

9.6 16.8 5.3 6.4

4.8 22.2 7.2 38.3

6.0 12.4 5.9 22.1

5.0 12.7 3.8 24.8

3.5 18.5 5.1 39.9

1.5 29.0 6.9 59.9

2.1 7.3 2.3 28.9

2.2 24.9 4.6 45.3

2.0 6.6 3.6 27.5

6.8 19.6 4.4 19.7

7.1 21.4 6.0 20.5

4.4 25.6 7.8 43.3

5.9 12.7 5.6 22.8

3.9 17.9 5.1 36.6

3.9 20.7 5.4 40.5

1.5 38.1 8.2 71.1

2.4 8.9 1.5 30.8

2.2 36.3 6.9 63.5

3.0 17.4 5.7 44.7

6.0 11.5 3.0 18.6

13.8 8.7 4.1 -18.3

5.8 14.9 5.9 27.7

6.6 10.9 6.9 18.5

6.3 6.8 2.2 11.7

1.9 8.8 4.0 37.4

1.6 7.3 3.6 32.7

1.8 5.9 3.0 27.2

2.3 4.3 0.3 12.5

1.8 4.7 3.2 24.6

106 1,869 1,755 8,941 7,085 5,453 1,327 100 1,191 1,196 7,445 3,751 4,446 938 5 678 560 1,496 3,334 1,006 389 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,177 556 620

561 361 200

575 85 490

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

795 11,023 1,074

558 5,689 965

352 3,723 760

231 4,100 644

135 3,402 538

40 2,171 437

21 1,903 383

6 1,888 334

3 1,598 429

2 1,137 217

795 972 373

558 995 355

352 1,025 335

231 1,144 311

135 1,200 284

40 932 239

21 957 211

6 919 182

3 771 155

2 688 132

669 686 231

447 708 220

248 734 207

148 853 193

60 608 175

28 634 161

12 654 147

0 615 132

0 509 119

0 490 107

126 286 142

110 287 135

105 291 127

83 292 118

75 593 109

12 298 78

9 303 64

6 304 50

3 263 36

2 198 25

0 10,051 701

0 4,694 610

0 2,698 425

0 2,955 333

0 2,202 254

0 1,239 198

0 946 172

0 969 152

0 827 274

0 449 85

0 548 47

0 349 30

0 147 22

0 314 20

0 407 12

0 387 5

0 13 1

0 13 1

0 3 0

0 2 0

0 9,503 654

0 4,345 580

0 2,551 402

0 2,642 313

0 1,795 242

0 853 192

0 933 171

0 956 151

0 824 274

0 447 85

520 TOGO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

40 40 40 0 0 0 0 0 0 0 0 0 0

1,122 970 970 0 33 120 15 7 9 35 14 20 0

1,281 1,081 1,081 0 87 113 1 1 0 3 2 1 351

1,346 1,214 1,214 0 88 44 3 3 0 2 2 0 277

1,472 1,325 1,325 0 95 52 14 14 0 13 13 0 307

1,521 1,285 1,285 0 83 154 34 34 0 35 35 0 278

1,432 1,230 1,230 0 70 133 63 63 0 67 67 0 266

1,406 1,203 1,203 0 57 146 62 62 0 94 94 0 258

1,587 1,337 1,337 0 52 198 96 96 0 155 155 0 364

1,707 1,489 1,489 0 42 176 134 134 0 229 229 0 394

5 5 0 2 2 0 3 0 1 1 0 0 2 2 2 0 0

119 97 22 19 19 0 108 7 34 19 0 14 74 52 38 0 14

110 89 21 43 27 16 16 -51 43 33 4 6 -27 86 60 20 6

72 57 15 40 28 12 12 -20 16 13 0 2 -4 56 42 12 2

84 69 15 28 17 11 52 -3 12 10 0 2 40 41 27 12 2

38 38 0 32 22 9 87 81 13 8 0 4 74 45 31 10 4

25 25 0 19 10 9 -43 -49 10 5 0 5 -54 30 15 10 5

33 33 0 22 11 10 25 14 11 6 0 5 14 32 17 11 5

13 13 0 10 1 9 22 19 3 0 0 2 19 13 1 10 2

4 4 0 14 0 14 -70 -60 2 0 0 2 -73 16 0 14 2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

11 3 1 0 7 8 11 0

136 78 43 0 15 29 53 84

204 62 18 4 120 60 182 22

118 29 21 11 58 27 92 26

157 52 30 12 63 27 116 42

109 15 43 9 43 27 58 51

112 15 42 6 49 23 64 48

119 21 64 2 33 24 54 65

104 12 54 6 32 27 44 60

56 3 20 0 33 34 37 20

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

10 1 0 10 0

117 19 0 41 76

156 33 15 154 2

88 13 16 79 9

129 10 19 106 23

83 8 19 50 33

90 5 17 59 31

88 6 25 49 40

85 0 19 44 41

36 0 20 37 0

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

248 .. 0 .. 35 ..

1,096 580 10 752 85 -95

1,529 541 19 770 118 -140

1,514 505 23 699 122 -127

1,302 472 34 664 152 -140

1,282 506 69 701 126 -169

1,426 627 103 772 205 -140

1,699 841 103 966 182 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 16.0 .. .. 0.3 88.8 .. 0.1 78.9 4.8

193.4 102.4 9.0 5.8 3.1 7.6 1.4 10.7 28.3 10.3

272.2 96.3 7.5 2.3 0.8 8.0 1.8 3.5 71.4 54.4

301.5 100.5 8.9 2.6 0.9 8.0 2.1 10.1 68.7 52.1

303.3 110.0 6.3 2.2 0.8 10.6 2.8 9.3 70.2 53.6

277.6 109.6 6.4 2.1 0.8 9.0 2.2 10.4 70.2 53.6

253.1 111.3 2.1 0.4 0.2 12.9 3.2 12.5 68.7 51.9

203.1 100.5 1.9 0.3 0.1 10.7 2.3 10.3 70.4 53.2

3. MAJOR ECONOMIC AGGREGATES 1,598 723 27 912 358 -84

1,470 555 26 762 119 -117

4. DEBT INDICATORS 177.2 80.1 11.9 6.0 2.7 28.0 4.7 8.8 55.1 43.7

242.6 91.5 10.1 2.9 1.1 8.8 1.9 3.3 71.4 53.4

521 TOGO (US$ million, unless otherwise indicated) 1970

1980

1990

40 40 32 2 2 30 30 8 0 0 8 0 0 0

970 970 554 116 90 439 228 415 0 96 319 0 0 0

1,081 1,081 1,029 560 516 469 189 52 0 51 1 0 0 0

0 2

4 43

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5 5 4 1 1 3 3 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,214 1,214 1,214 718 705 496 256 0 0 0 0 0 0 0

1,325 1,325 1,325 800 777 525 275 0 0 0 0 0 0 0

1,285 1,285 1,285 793 774 492 272 0 0 0 0 0 0 0

1,230 1,230 1,230 768 751 462 254 0 0 0 0 0 0 0

1,203 1,203 1,203 754 740 449 248 0 0 0 0 0 0 0

1,337 1,337 1,337 824 807 514 283 0 0 0 0 0 0 0

1,489 1,489 1,489 909 888 580 314 0 0 0 0 0 0 0

5 393

0 561

0 620

0 622

0 604

0 585

0 632

0 687

97 97 47 35 30 12 5 50 0 2 47 0 0 0

89 89 89 45 44 44 44 0 0 0 0 0 0 0

57 57 57 37 37 20 20 0 0 0 0 0 0 0

69 69 69 63 52 6 6 0 0 0 0 0 0 0

38 38 38 32 32 5 5 0 0 0 0 0 0 0

25 25 25 22 22 4 4 0 0 0 0 0 0 0

33 33 33 25 25 8 8 0 0 0 0 0 0 0

13 13 13 10 10 3 3 0 0 0 0 0 0 0

4 4 4 4 4 0 0 0 0 0 0 0 0 0

0 1

0 13

0 31

0 17

0 44

0 22

0 15

0 12

0 7

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 1 0 0 1 1 1 0 0 1 0 0 0

19 19 10 0 0 9 1 9 0 4 4 0 0 0

27 27 27 17 5 10 1 0 0 0 0 0 0 0

28 28 22 16 9 6 4 6 0 6 0 0 0 0

17 17 17 9 8 8 6 0 0 0 0 0 0 0

22 22 22 14 11 8 5 0 0 0 0 0 0 0

10 10 10 9 8 2 1 0 0 0 0 0 0 0

11 11 11 11 11 0 0 0 0 0 0 0 0 0

1 1 1 1 1 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

8 1

0 4

0 5

0 8

0 5

0 10

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

3 3 3 1 1 2 2 0 0 0 0 0 0 0

78 78 37 35 30 3 4 41 0 -2 43 0 0 0

62 62 62 28 39 34 43 0 0 0 0 0 0 0

29 29 35 21 28 13 15 -6 0 -6 0 0 0 0

52 52 52 54 45 -2 0 0 0 0 0 0 0 0

15 15 15 18 21 -3 1 0 0 0 0 0 0 0

15 15 15 13 14 2 2 0 0 0 0 0 0 0

21 21 21 13 14 8 8 0 0 0 0 0 0 0

12 12 12 9 9 3 3 0 0 0 0 0 0 0

3 3 3 3 3 0 0 0 0 0 0 0 0 0

0 1

0 12

-8 30

0 13

0 39

0 15

0 10

0 1

0 7

0 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

522 TOGO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1 1 1 0 0 1 1 0 0 0 0 0 0 0

19 19 12 2 1 9 0 8 0 7 0 0 0 0

33 33 28 8 4 20 4 5 0 5 0 0 0 0

13 13 13 7 6 6 2 0 0 0 0 0 0 0

10 10 10 5 5 5 3 0 0 0 0 0 0 0

8 8 8 7 6 1 1 0 0 0 0 0 0 0

5 5 5 5 4 0 0 0 0 0 0 0 0 0

6 6 6 6 6 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

1 3

0 4

0 3

0 5

0 3

0 5

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 3 1 1 2 2 -1 0 0 -1 0 0 0

59 59 26 33 29 -7 3 33 0 -10 43 0 0 0

29 29 34 20 35 14 40 -5 0 -5 0 0 0 0

15 15 21 14 22 8 13 -6 0 -6 0 0 0 0

42 42 42 49 40 -7 -3 0 0 0 0 0 0 0

7 7 7 11 15 -4 -1 0 0 0 0 0 0 0

11 11 11 9 9 2 2 0 0 0 0 0 0 0

16 16 16 8 8 8 8 0 0 0 0 0 0 0

12 12 12 9 9 3 3 0 0 0 0 0 0 0

3 3 3 3 3 0 0 0 0 0 0 0 0 0

0 1

0 12

-9 28

0 9

0 36

0 10

0 7

0 -4

0 7

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

2 2 2 0 0 2 1 1 0 0 1 0 0 0

38 38 21 3 1 19 2 16 0 12 5 0 0 0

60 60 55 24 9 30 4 5 0 5 0 0 0 0

42 42 36 23 15 12 7 6 0 6 0 0 0 0

27 27 27 14 12 12 8 0 0 0 0 0 0 0

31 31 31 21 17 9 6 0 0 0 0 0 0 0

15 15 15 13 13 2 2 0 0 0 0 0 0 0

17 17 17 17 17 0 0 0 0 0 0 0 0 0

1 1 1 1 1 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

9 4

0 8

0 8

0 13

0 8

0 15

0 0

0 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

7 6 1

155 151 3

290 290 0

224 224 0

217 217 0

188 188 0

152 152 0

120 120 0

100 100 0

78 78 0

31 0 36 3

318 108 968 1

705 37 1,081 0

961 119 1,214 0

1,052 136 1,325 0

1,046 126 1,285 0

1,005 115 1,230 0

987 113 1,203 0

1,090 131 1,337 0

1,202 149 1,489 0

.. 1.3 6.6 6.1 1.6 7.8 52.7 6.7 1.3 16.0

15.9 .. .. 5.4 1.6 7.9 52.9 6.4 1.2 8.6

17.0 .. .. 5.3 1.6 8.6 51.1 6.4 1.3 8.7

18.3 .. .. 5.4 1.6 8.7 49.4 6.6 1.4 8.7

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 62.3 7.8 0.0 0.0 0.0 15.4 0.0 0.0 14.5

.. 16.3 22.3 0.0 5.4 9.5 18.1 2.1 0.0 26.3

.. 1.9 12.9 3.0 1.9 10.3 44.2 7.5 1.0 17.3

.. 1.4 7.4 5.8 1.7 9.5 49.4 7.1 1.2 16.6

.. 1.4 7.4 5.8 1.6 8.6 49.9 7.0 1.2 16.9

.. 1.2 6.8 6.6 1.6 8.2 51.7 6.9 1.3 15.7

523 TOGO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

9 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

4 3 0 0 0 0 0 0 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

50 87 21 0 0 -63 5

-89 -43 29 0 0 -66 -9

-26 25 -1 0 -2 -40 -9

181 22 33 0 0 115 12

120 -70 38 0 0 138 14

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. 3 .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. 79 30 19 .. 0 0 0 .. 66 15 7 .. 66 15 7 .. 0 0 0 .. 12 15 7 .. 12 15 7 .. 0 0 0 .. 18 4 11 .. 0 35 1 .. 0 49 0 .. 0 6 0 8. DEBT STOCK-FLOW RECONCILIATION .. 104 -142 126 52 108 16 12 .. 1 -24 11 7 .. 12 15 .. -18 -47 -11 .. 42 -194 -18 52 96 85 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

4.6 16.8 4.4 32.8

4.0 24.5 7.4 46.5

0.7 39.5 10.4 80.2

1.0 37.8 9.7 76.8

2.5 29.9 7.6 59.6

0.8 47.0 10.3 82.0

0.0 0.0 0.0 0.0

2.5 24.9 7.4 56.4

0.0 0.0 0.0 0.0

1.2 13.5 1.0 40.8

3.5 21.3 5.4 42.6

3.2 26.7 8.0 52.6

0.7 39.5 10.4 80.2

1.0 37.8 9.7 76.8

2.5 29.9 7.6 59.6

0.8 47.0 10.3 82.0

0.0 0.0 0.0 0.0

2.5 24.9 7.4 56.4

0.0 0.0 0.0 0.0

1.2 13.5 1.0 40.8

7.6 4.3 1.6 5.5

10.1 6.9 2.6 -1.3

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

3 97 115 108 55 22 0 2 86 115 108 55 22 0 1 11 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

6 6 0

0 0 0

19 19 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

15 50 22

15 42 21

12 42 20

8 45 19

7 48 18

5 50 17

3 51 16

1 53 15

0 54 14

0 56 13

15 50 22

15 42 21

12 42 20

8 45 19

7 48 18

5 50 17

3 51 16

1 53 15

0 54 14

0 56 13

0 28 14

0 18 13

0 15 12

0 17 12

0 18 11

0 19 10

0 19 10

0 20 9

0 21 8

0 22 7

15 22 8

15 24 8

12 27 8

8 28 7

7 30 7

5 32 7

3 32 7

1 33 6

0 34 6

0 34 5

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 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

524 TONGA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

53.7 44.5 44.5 0.0 0.0 9.2 0.0 0.0 0.0 0.0 0.0 0.0

58.7 57.7 57.7 0.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0

64.9 64.2 64.2 0.0 0.0 0.7 0.1 0.1 0.0 0.1 0.1 0.0

69.1 68.7 68.7 0.0 0.0 0.4 0.2 0.2 0.0 0.4 0.4 0.0

65.5 65.1 65.1 0.0 0.0 0.5 0.3 0.3 0.0 0.9 0.9 0.0

63.4 62.7 62.7 0.0 0.0 0.6 0.5 0.5 0.0 2.0 2.0 0.0

73.5 72.6 72.6 0.0 0.0 1.0 0.7 0.7 0.0 2.7 2.7 0.0

83.8 82.9 82.9 0.0 0.0 1.0 0.8 0.8 0.0 3.3 3.3 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

3.3 3.3 0.0 1.0 1.0 0.0 10.4 8.2 0.9 0.5 0.0 0.4 9.5 1.9 1.5 0.0 0.4

4.0 4.0 0.0 3.2 3.2 0.0 0.5 -0.3 0.9 0.9 0.0 0.1 -0.4 4.1 4.1 0.0 0.1

7.0 7.0 0.0 2.6 2.6 0.0 4.0 -0.4 0.9 0.8 0.0 0.0 3.1 3.5 3.5 0.0 0.0

4.4 4.4 0.0 3.2 3.2 0.0 0.8 -0.4 0.8 0.8 0.0 0.0 0.0 4.0 4.0 0.0 0.0

5.2 5.2 0.0 3.4 3.4 0.0 1.7 0.0 0.8 0.8 0.0 0.0 0.9 4.2 4.2 0.0 0.0

2.7 2.7 0.0 1.7 1.7 0.0 0.9 0.0 0.6 0.6 0.0 0.0 0.4 2.3 2.3 0.0 0.0

5.6 5.6 0.0 2.1 2.1 0.0 3.6 0.1 0.6 0.6 0.0 0.0 3.0 2.7 2.7 0.0 0.0

9.7 9.7 0.0 2.9 2.9 0.0 6.7 -0.1 0.8 0.8 0.0 0.0 5.8 3.8 3.7 0.0 0.0

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

19.2 2.2 0.2 -0.1 16.9 10.9 19.1 0.1

11.9 0.8 3.0 0.0 8.1 17.0 10.0 1.9

11.9 4.3 2.0 0.0 5.6 14.1 10.7 1.2

10.3 1.2 2.0 0.0 7.1 13.6 9.6 0.7

13.3 1.8 4.7 0.0 6.9 11.2 9.9 3.4

11.6 0.9 1.0 0.0 9.7 12.8 10.6 1.0

9.9 3.5 2.4 0.0 4.0 15.7 7.5 2.4

16.4 6.8 2.7 0.0 6.9 14.1 13.7 2.7

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

18.4 0.5 0.3 18.6 -0.2

10.0 0.9 1.0 9.4 0.6

10.1 0.8 1.0 10.1 0.0

8.5 0.8 1.0 9.0 -0.4

11.5 0.8 1.0 9.1 2.4

11.0 0.6 0.0 10.0 1.0

8.6 0.6 0.7 6.9 1.7

15.6 0.8 0.0 12.9 2.7

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

166.9 .. 0.0 .. 28.7 ..

159.8 .. 0.0 .. 26.8 ..

160.1 .. 0.0 .. 27.0 ..

141.9 84.4 53.0 93.5 26.1 -10.8

135.4 109.3 66.0 109.1 27.7 -3.3

160.7 .. 66.0 .. 42.6 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 38.9 .. .. 0.5 44.1 .. 1.1 84.9 77.1

.. 43.2 .. .. 0.5 38.8 .. 0.5 87.3 81.4

.. 40.9 .. .. 0.5 41.2 .. 0.7 90.4 82.1

75.0 44.7 2.8 0.7 0.4 41.2 3.3 1.0 90.8 78.1

67.3 54.3 2.5 0.6 0.5 37.7 3.0 1.3 90.7 80.2

.. 52.2 .. .. 0.5 50.8 .. 1.2 91.4 81.5

3. MAJOR ECONOMIC AGGREGATES 116.2 66.5 24.0 75.0 31.3 5.8

183.1 .. 0.0 .. 27.5 ..

4. DEBT INDICATORS 80.8 46.2 2.9 1.4 0.8 58.4 5.0 17.2 72.2 42.4

.. 32.1 .. .. 0.5 46.9 .. 1.8 83.6 73.0

525 TONGA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

44.5 44.5 44.5 22.7 18.0 21.7 20.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

57.7 57.7 54.3 42.8 37.6 11.5 11.5 3.4 0.0 0.0 3.4 0.0 0.0 0.0

64.2 64.2 61.7 50.1 43.5 11.6 11.6 2.5 0.0 0.0 2.5 0.0 0.0 0.0

68.7 68.7 67.5 56.3 50.9 11.2 9.4 1.3 0.0 0.0 1.3 0.0 0.0 0.0

65.1 65.1 65.1 53.8 49.1 11.3 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

62.7 62.7 62.7 49.5 45.3 13.2 12.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

72.6 72.6 72.6 58.9 54.1 13.6 12.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

82.9 82.9 82.9 68.3 63.1 14.5 13.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 2.6

0.0 4.3

0.0 4.4

0.0 4.3

0.0 4.0

0.0 3.8

0.0 4.2

0.0 7.4

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

3.3 3.3 3.3 3.3 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.0 4.0 4.0 3.9 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

7.0 7.0 7.0 6.5 5.1 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.4 4.4 4.4 2.4 2.4 2.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.2 5.2 5.2 3.0 3.0 2.2 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.7 2.7 2.7 0.2 0.2 2.5 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.6 5.6 5.6 5.2 5.2 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

9.7 9.7 9.7 8.9 8.7 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 1.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.2

0.0 2.6

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.0 1.0 1.0 0.5 0.3 0.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.2 3.2 2.1 0.9 0.3 1.2 1.2 1.1 0.0 0.0 1.1 0.0 0.0 0.0

2.6 2.6 1.8 0.7 0.4 1.1 1.1 0.8 0.0 0.0 0.8 0.0 0.0 0.0

3.2 3.2 1.9 0.9 0.5 1.0 1.0 1.3 0.0 0.0 1.3 0.0 0.0 0.0

3.4 3.4 2.1 0.9 0.6 1.2 0.9 1.3 0.0 0.0 1.3 0.0 0.0 0.0

1.7 1.7 1.7 1.0 0.7 0.7 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.1 2.1 2.1 0.9 0.7 1.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.9 2.9 2.9 1.5 0.8 1.4 1.0 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 0.1

0.0 0.1

0.0 0.1

0.0 0.1

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

2.2 2.2 2.2 2.8 2.9 -0.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 1.9 3.1 2.1 -1.1 -1.1 -1.1 0.0 0.0 -1.1 0.0 0.0 0.0

4.3 4.3 5.2 5.8 4.7 -0.6 -0.6 -0.8 0.0 0.0 -0.8 0.0 0.0 0.0

1.2 1.2 2.5 1.5 1.9 1.0 -0.8 -1.3 0.0 0.0 -1.3 0.0 0.0 0.0

1.8 1.8 3.0 2.1 2.4 1.0 1.3 -1.3 0.0 0.0 -1.3 0.0 0.0 0.0

0.9 0.9 0.9 -0.8 -0.5 1.7 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.5 3.5 3.5 4.3 4.5 -0.8 -0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.8 6.8 6.8 7.4 7.9 -0.6 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 1.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 -0.1

0.0 -0.1

0.0 0.1

0.0 2.6

5. LONG-TERM DEBT

526 TONGA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.5 0.5 0.5 0.2 0.1 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.9 0.9 0.6 0.5 0.4 0.1 0.1 0.3 0.0 0.0 0.3 0.0 0.0 0.0

0.8 0.8 0.6 0.5 0.4 0.1 0.1 0.2 0.0 0.0 0.2 0.0 0.0 0.0

0.8 0.8 0.6 0.5 0.5 0.1 0.1 0.2 0.0 0.0 0.2 0.0 0.0 0.0

0.8 0.8 0.7 0.5 0.5 0.2 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

0.6 0.6 0.6 0.5 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.6 0.6 0.6 0.5 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.6 0.6 0.2 0.2 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

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.7 1.7 1.7 2.5 2.8 -0.8 -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.1 -0.1 1.3 2.6 1.7 -1.2 -1.2 -1.4 0.0 0.0 -1.4 0.0 0.0 0.0

3.5 3.5 4.5 5.2 4.3 -0.7 -0.7 -1.0 0.0 0.0 -1.0 0.0 0.0 0.0

0.5 0.5 1.9 1.0 1.4 0.9 -0.9 -1.4 0.0 0.0 -1.4 0.0 0.0 0.0

1.0 1.0 2.3 1.5 1.9 0.7 1.2 -1.3 0.0 0.0 -1.3 0.0 0.0 0.0

0.4 0.4 0.4 -1.3 -1.0 1.6 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.9 2.9 2.9 3.9 4.0 -1.0 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.9 5.9 5.9 6.8 7.3 -0.8 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 1.0

0.0 0.0

0.0 -0.1

0.0 -0.1

0.0 -0.1

0.0 -0.1

0.0 0.1

0.0 2.5

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.5 1.5 1.5 0.7 0.4 0.8 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4.1 4.1 2.7 1.4 0.7 1.3 1.3 1.4 0.0 0.0 1.4 0.0 0.0 0.0

3.5 3.5 2.4 1.3 0.7 1.2 1.2 1.0 0.0 0.0 1.0 0.0 0.0 0.0

4.0 4.0 2.6 1.4 1.0 1.1 1.1 1.4 0.0 0.0 1.4 0.0 0.0 0.0

4.2 4.2 2.9 1.4 1.1 1.5 1.0 1.3 0.0 0.0 1.3 0.0 0.0 0.0

2.3 2.3 2.3 1.5 1.2 0.8 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.7 2.7 2.7 1.3 1.2 1.4 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

3.7 3.7 3.7 2.2 1.4 1.6 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

18.0 18.0 0.0

15.4 15.4 0.0

10.6 10.6 0.0

7.1 7.1 0.0

1.7 1.7 0.0

3.3 3.3 0.0

14.7 14.7 0.0

17.8 17.8 0.0

.. .. .. ..

.. .. .. ..

38.8 0.0 44.5 0.0

49.1 0.0 57.7 0.0

55.1 0.0 64.2 0.0

60.3 0.0 68.7 0.0

59.2 0.0 65.1 0.0

57.5 0.0 62.7 0.0

66.7 0.0 72.6 0.0

76.6 0.0 82.9 0.0

.. 10.7 0.0 0.0 0.2 0.0 4.4 70.1 4.4 10.2

15.9 .. .. 0.0 0.0 0.0 4.3 66.4 4.4 9.0

14.2 .. .. 0.0 0.0 0.0 11.1 62.1 4.1 8.5

13.1 .. .. 0.0 0.0 0.0 20.5 54.2 3.9 8.3

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 40.8 0.0 0.0 6.0 0.0 1.0 45.5 0.0 6.7

.. 18.8 0.0 0.0 1.1 0.0 9.6 61.7 4.5 4.4

.. 16.6 0.0 0.0 0.7 0.0 8.2 63.6 4.5 6.4

.. 12.1 0.0 0.0 0.4 0.0 6.2 69.3 4.3 7.7

527 TONGA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION -5.1 6.3 4.2 .. 14.5 4.0 0.8 .. 10.4 0.5 .. 0.0 0.0 0.0 0.1 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 1.7 -0.8 .. 3.1 -5.2 .. 1.1 -0.4 0.6 4.0 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

-3.6 1.7 0.1 0.0 0.0 -4.2 -1.2

-2.1 0.9 0.2 0.0 0.0 -3.1 -0.1

10.1 3.6 0.2 0.0 0.0 5.1 1.2

10.3 6.7 0.1 0.0 0.0 7.3 -3.8

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

0.9 39.7 10.2 79.5

0.0 0.0 0.0 0.0

0.0 19.1 10.1 74.1

5.8 5.3 0.8 10.1

0.0 0.0 0.0 0.0

2.5 12.1 4.6 40.0

1.1 29.6 9.1 71.2

0.8 39.8 10.3 80.7

.. .. .. ..

.. .. .. ..

0.9 39.7 10.2 79.5

0.0 0.0 0.0 0.0

0.0 19.1 10.1 74.1

5.8 5.3 0.8 10.1

0.0 0.0 0.0 0.0

2.5 12.1 4.6 40.0

1.1 29.6 9.1 71.2

0.8 39.8 10.3 80.7

.. .. .. ..

.. .. .. ..

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

.. .. 6 0 3 2 0 .. .. 6 0 3 2 0 .. .. 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

5 5 0

16 16 0

11 11 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2.4 3.4 1.1

2.5 3.2 1.4

2.4 3.7 1.4

2.4 3.7 1.3

2.4 3.8 1.2

1.8 2.9 1.2

1.2 3.2 1.1

0.9 3.5 1.1

0.7 3.7 1.0

0.5 3.7 1.0

2.4 3.4 1.1

2.5 3.2 1.4

2.4 3.7 1.4

2.4 3.7 1.3

2.4 3.8 1.2

1.8 2.9 1.2

1.2 3.2 1.1

0.9 3.5 1.1

0.7 3.7 1.0

0.5 3.7 1.0

0.6 1.5 0.2

0.4 1.1 0.2

0.2 1.7 0.1

0.3 1.7 0.1

0.2 2.0 0.1

0.1 1.3 0.1

0.0 1.2 0.1

0.0 1.0 0.0

0.0 1.0 0.0

0.0 0.9 0.0

1.9 1.9 0.9

2.1 2.1 1.2

2.1 2.0 1.2

2.1 2.0 1.1

2.2 1.8 1.1

1.7 1.6 1.1

1.2 2.0 1.0

0.9 2.6 1.1

0.7 2.7 1.0

0.5 2.7 1.0

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 0.0 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

0.0 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

528 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

101 101 101 0 0 0 0 0 0 0 0 0 0

829 712 712 0 0 116 0 0 0 0 0 0 0

2,511 2,055 1,782 273 329 127 0 0 0 37 6 31 591

2,316 1,737 1,683 54 4 575 7 0 6 92 2 90 875

2,324 1,771 1,628 144 0 553 7 0 7 97 2 96 331

2,612 1,779 1,635 144 0 833 11 0 10 53 2 51 265

2,696 1,845 1,735 110 0 851 1 0 0 49 1 47 245

2,656 1,795 1,685 110 0 861 1 0 0 47 1 46 224

2,672 1,807 1,697 110 0 865 0 0 0 0 0 0 243

2,751 1,861 1,751 110 0 890 0 0 0 0 0 0 229

12 8 5 14 10 4 -1 0 6 6 0 0 -8 20 16 4 0

363 363 0 176 176 0 137 -50 54 50 0 4 83 230 226 0 4

188 85 103 233 233 0 -45 0 216 177 24 15 -262 449 410 24 15

83 83 0 399 381 18 -8 308 163 140 1 22 -171 562 521 19 22

175 175 0 188 183 4 -35 -23 138 108 0 30 -173 325 291 4 30

311 311 0 297 297 0 291 277 169 124 0 45 122 466 421 0 45

416 416 0 332 332 0 112 28 191 135 0 56 -79 523 467 0 56

61 61 0 78 78 0 -8 9 171 132 0 39 -179 249 210 0 39

44 44 0 68 68 0 -19 5 197 160 0 37 -216 265 228 0 37

82 82 0 74 74 0 33 25 174 148 0 26 -141 249 222 0 26

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

81 -2 83 0 0 1 2 80

372 187 185 0 1 4 115 257

-26 -148 109 0 13 5 42 -68

710 -298 999 0 8 5 -46 756

730 -8 730 0 9 4 -30 760

662 13 643 0 6 5 -61 723

764 84 680 0 1 5 -40 804

819 -17 835 0 1 7 -11 830

768 -24 791 0 2 8 -22 791

626 8 616 0 2 6 10 616

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

75 6 0 -1 76

-157 50 479 99 -256

-400 177 197 -8 -392

342 140 227 -91 433

435 108 188 -79 513

345 124 194 -110 455

279 135 350 -89 368

292 132 395 -56 348

443 160 165 -61 505

-237 148 715 -27 -211

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

757 .. 0 .. 43 ..

5,921 3,373 6 2,972 2,813 357

5,701 3,038 45 3,660 800 -644

6,409 3,542 54 3,494 963 31

7,526 4,963 38 4,419 1,403 544

8,286 5,028 41 4,604 1,924 416

8,381 4,700 79 4,599 2,049 76

10,149 6,001 79 4,717 2,477 1,351

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. 13.3 .. .. 0.8 42.7 .. 0.0 5.9 23.1

24.6 14.0 6.8 1.6 0.9 339.4 11.4 14.0 1.1 8.6

76.5 40.8 10.7 4.5 2.4 34.4 2.6 23.8 0.5 26.7

73.8 40.8 13.2 4.8 2.6 36.9 3.3 31.9 0.4 24.7

54.3 35.8 10.5 3.9 2.5 52.0 3.8 31.6 0.3 23.5

52.8 32.1 5.0 3.4 2.1 72.4 5.0 32.4 0.4 22.9

56.8 31.9 5.6 4.2 2.4 76.7 5.3 32.4 0.1 22.8

45.8 27.1 4.1 2.9 1.7 90.0 6.3 32.3 0.1 23.5

3. MAJOR ECONOMIC AGGREGATES 4,673 2,331 3 1,863 513 459

5,356 3,088 30 3,676 723 -614

4. DEBT INDICATORS 107.7 53.7 19.3 9.3 4.6 20.4 3.3 5.1 2.1 4.1

75.0 43.2 18.2 5.3 3.0 31.2 2.4 24.8 0.6 25.2

529 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970

1980

1990

101 101 45 23 0 22 6 56 36 15 4 0 0 0

712 712 263 71 1 192 8 450 53 348 50 0 0 0

2,055 1,782 634 103 6 532 48 1,147 335 624 188 273 0 273

23 0

57 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

8 8 5 3 0 1 1 3 0 3 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

1,737 1,683 778 584 4 194 10 905 575 273 57 54 0 54

1,771 1,628 763 620 6 143 6 865 575 241 49 144 110 34

1,779 1,635 688 645 7 42 4 948 802 108 38 144 110 34

1,845 1,735 642 634 7 8 2 1,093 1,026 47 20 110 110 0

1,795 1,685 613 607 10 5 1 1,073 1,013 46 13 110 110 0

1,807 1,697 626 610 4 16 0 1,071 1,022 49 0 110 110 0

1,861 1,751 664 648 4 17 0 1,087 1,033 54 0 110 110 0

41 0

75 0

83 0

85 0

89 0

90 0

87 0

85 0

363 363 125 11 0 114 0 238 0 197 41 0 0 0

85 85 43 39 0 4 0 42 0 0 42 0 0 0

83 83 83 83 1 0 0 0 0 0 0 0 0 0

175 65 65 63 2 2 0 0 0 0 0 110 110 0

311 311 81 79 2 2 0 230 230 0 0 0 0 0

416 416 64 63 1 0 0 352 352 0 0 0 0 0

61 61 61 61 4 0 0 0 0 0 0 0 0 0

44 44 44 44 0 0 0 0 0 0 0 0 0 0

82 82 82 82 0 0 0 0 0 0 0 0 0 0

3 0

4 0

19 0

12 0

15 0

10 0

13 0

11 0

8 0

12 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

10 10 3 1 0 2 0 7 5 1 0 0 0 0

176 176 11 6 0 5 0 165 7 150 7 0 0 0

233 189 13 10 0 3 0 176 52 99 25 44 0 44

381 357 137 40 0 97 5 220 150 55 15 24 0 24

183 163 104 47 0 58 4 59 0 46 13 21 0 21

297 297 147 50 1 98 2 150 0 135 15 0 0 0

332 298 104 71 1 33 2 194 122 56 17 34 0 34

78 78 74 71 1 2 1 5 0 0 5 0 0 0

68 68 68 61 0 7 0 0 0 0 0 0 0 0

74 74 74 66 0 8 0 0 0 0 0 0 0 0

1 0

6 0

6 0

9 0

8 0

8 0

10 0

10 0

11 0

14 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-2 -2 1 2 0 -1 1 -4 -5 2 0 0 0 0

187 187 114 5 0 109 0 73 -7 47 34 0 0 0

-148 -105 30 29 0 0 0 -134 -52 -99 17 -44 0 -44

-298 -274 -54 43 1 -97 -5 -220 -150 -55 -15 -24 0 -24

-8 -98 -39 17 2 -56 -4 -59 0 -46 -13 89 110 -21

13 13 -67 29 1 -96 -2 80 230 -135 -15 0 0 0

84 118 -41 -8 0 -33 -2 158 230 -56 -17 -34 0 -34

-17 -17 -12 -10 3 -2 -1 -5 0 0 -5 0 0 0

-24 -24 -24 -17 0 -7 0 0 0 0 0 0 0 0

8 8 8 16 0 -8 0 0 0 0 0 0 0 0

2 0

-1 0

13 0

4 0

7 0

2 0

4 0

1 0

-3 0

-2 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

530 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

6 6 2 1 0 1 0 4 2 1 0 0 0 0

50 50 16 5 0 11 0 34 5 25 5 0 0 0

177 151 51 6 0 45 2 101 25 55 21 26 0 26

140 136 45 30 0 15 1 91 71 16 4 4 0 4

108 105 49 41 0 7 0 56 54 0 3 3 0 3

124 116 49 42 0 7 0 66 53 11 2 8 8 0

135 127 49 47 0 2 0 77 62 13 2 8 8 0

132 124 45 44 0 1 0 79 78 0 1 8 8 0

160 152 39 37 0 2 0 113 108 5 0 8 8 0

148 140 37 36 0 1 0 103 97 6 0 8 8 0

1 0

5 0

2 0

5 0

5 0

6 0

7 0

7 0

6 0

5 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-9 -9 -1 1 0 -2 1 -7 -7 1 -1 0 0 0

137 137 98 0 0 98 0 39 -12 22 29 0 0 0

-326 -256 -21 23 0 -44 -2 -235 -77 -154 -4 -70 0 -70

-438 -410 -99 13 1 -112 -5 -311 -221 -72 -18 -28 0 -28

-116 -203 -88 -25 2 -63 -5 -115 -54 -46 -16 87 110 -23

-110 -102 -116 -13 1 -103 -2 14 177 -146 -17 -8 -8 0

-51 -9 -90 -55 0 -35 -2 81 169 -69 -19 -42 -8 -34

-149 -141 -57 -54 3 -3 -1 -84 -78 0 -6 -8 -8 0

-184 -176 -63 -54 0 -9 0 -113 -108 -5 0 -8 -8 0

-140 -132 -29 -19 0 -9 0 -103 -97 -6 0 -8 -8 0

1 0

-6 0

11 0

-1 0

2 0

-4 0

-3 0

-6 0

-9 0

-7 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

16 16 6 2 0 4 0 10 7 2 1 0 0 0

226 226 27 11 0 16 0 199 12 175 12 0 0 0

410 340 64 16 1 48 2 276 77 154 45 70 0 70

521 493 182 70 0 112 5 311 221 72 18 28 0 28

291 268 153 88 0 65 5 115 54 46 16 23 0 23

421 413 197 92 1 105 2 216 53 146 17 8 8 0

467 425 154 118 1 35 2 271 184 69 19 42 8 34

210 202 118 115 1 3 1 84 78 0 6 8 8 0

228 220 107 98 0 9 0 113 108 5 0 8 8 0

222 214 111 102 0 9 0 103 97 6 0 8 8 0

2 0

10 0

9 0

14 0

13 0

14 0

17 0

17 0

18 0

19 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

21 21 0

280 201 79

330 246 83

571 571 0

511 511 0

541 541 0

463 463 0

358 358 0

336 336 0

308 308 0

6 0 101 0

9 227 712 0

54 1,202 1,782 273

14 858 1,683 54

12 915 1,628 144

11 751 1,635 144

9 619 1,735 110

11 602 1,685 110

4 566 1,697 110

4 578 1,751 110

.. 0.2 0.0 7.1 2.6 0.1 65.8 23.1 0.0 1.2

1.4 .. .. 6.0 2.6 0.0 69.1 20.8 0.0 0.0

0.0 .. .. 6.4 2.9 0.0 71.1 19.6 0.0 0.0

0.0 .. .. 6.8 3.1 0.0 72.5 17.6 0.0 0.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 33.4 0.0 37.7 23.1 0.0 5.9

.. 5.6 0.1 18.4 0.2 4.3 61.3 8.3 0.0 1.8

.. 6.8 4.1 34.8 3.4 0.0 44.9 4.1 0.0 1.8

.. 1.4 1.1 11.9 3.1 0.1 51.4 29.8 0.0 1.2

.. 1.1 0.9 11.2 3.2 0.1 56.0 26.4 0.0 1.2

.. 0.5 0.2 4.5 3.0 0.1 64.6 26.2 0.0 0.9

531 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

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

288 291 3 0 0 15 -21

84 112 -10 0 0 -15 -3

-40 -8 0 0 0 -33 1

16 -19 -1 0 0 49 -14

80 33 0 0 0 40 7

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -1 .. .. .. .. ..

.. 262 0 0 .. 0 0 0 .. 262 0 0 .. 56 0 0 .. 206 0 0 .. 0 0 0 .. 0 0 0 .. 0 0 0 .. 7 0 0 .. 0 0 0 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 374 -82 8 -8 -35 137 -45 .. 0 -3 1 .. 0 0 0 .. -7 0 0 .. 111 -112 -13 41 56 .. 315 9. AVERAGE TERMS OF NEW COMMITMENTS

7.5 9.8 1.2 10.5

10.4 8.6 3.7 -2.6

8.0 14.9 4.6 10.7

6.1 18.6 5.8 20.1

8.5 20.1 5.3 8.0

8.8 15.0 9.3 8.0

8.0 23.0 23.0 16.9

3.7 12.1 9.1 39.4

6.2 25.0 4.0 25.7

4.0 12.6 3.2 30.9

3.0 29.6 7.1 54.6

7.6 9.5 2.3 9.1

7.9 18.1 5.4 12.0

6.1 18.6 5.8 20.1

8.5 15.8 5.3 8.0

6.9 23.6 7.2 21.7

0.0 0.0 0.0 0.0

3.7 12.1 9.1 39.4

6.2 25.0 4.0 25.7

4.0 12.6 3.2 30.9

8.0 7.5 0.5 5.5

10.6 8.6 3.9 -3.6

8.1 9.8 3.3 8.6

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

9.9 10.4 10.4 0.8

8.0 23.0 23.0 16.9

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

3 210 187 385 2 353 352 0 16 115 385 2 123 0 3 194 72 0 0 230 352 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

3 3 0

32 32 0

57 57 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

105 394 144

83 95 117

62 247 113

34 88 97

13 89 92

3 315 87

2 75 59

2 64 55

1 50 52

1 160 42

105 84 40

83 85 41

62 87 39

34 78 35

13 79 32

3 80 27

2 75 23

2 64 19

1 50 16

1 50 14

0 11 1

0 3 0

0 3 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

105 74 40

83 82 40

62 84 39

34 78 35

13 79 32

3 80 27

2 75 23

2 64 19

1 50 16

1 50 14

0 310 104

0 10 76

0 160 75

0 10 62

0 10 60

0 235 59

0 0 36

0 0 36

0 0 36

0 110 28

0 10 6

0 10 5

0 10 4

0 10 3

0 10 2

0 5 0

0 0 0

0 0 0

0 0 0

0 0 0

0 300 97

0 0 71

0 150 71

0 0 59

0 0 59

0 230 59

0 0 36

0 0 36

0 0 36

0 110 28

532 TUNISIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

599 541 541 0 13 44 0 0 0 3 3 0 0

3,524 3,388 3,208 180 0 136 0 0 0 6 6 0 0

7,688 6,878 6,660 218 176 634 0 0 0 15 8 7 1,547

11,228 9,516 9,333 183 173 1,539 0 0 0 0 0 0 1,827

10,845 9,675 9,494 181 129 1,040 0 0 0 0 0 0 509

11,868 10,254 9,482 772 76 1,538 0 0 0 0 0 0 521

10,612 9,671 8,871 800 32 909 0 0 0 0 0 0 503

10,871 10,190 9,072 1,118 0 681 0 0 0 0 0 0 313

12,923 12,325 10,939 1,386 0 598 0 0 0 0 0 0 325

15,502 14,690 13,134 1,556 0 812 0 0 0 0 0 0 379

96 89 8 54 47 7 42 0 18 18 0 0 23 73 65 7 0

608 608 0 290 258 31 265 -54 255 228 1 26 10 545 486 32 26

1,017 1,017 0 984 872 111 292 259 447 394 23 30 -156 1,431 1,267 135 30

1,480 1,480 0 875 825 50 568 -37 538 479 10 49 30 1,413 1,304 60 49

646 646 0 868 818 50 -721 -499 563 496 7 60 -1,283 1,431 1,314 57 60

1,423 1,423 0 951 901 50 969 497 584 502 4 77 386 1,535 1,404 54 77

1,537 1,537 0 1,350 1,310 40 -442 -629 553 489 3 61 -995 1,903 1,799 43 61

1,896 1,896 0 886 854 31 782 -228 457 428 1 29 325 1,343 1,282 32 29

2,037 2,037 0 928 928 0 1,026 -84 517 506 0 11 509 1,445 1,434 0 11

2,016 2,016 0 1,013 1,013 0 1,218 215 581 572 0 9 637 1,594 1,585 0 9

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

100 42 16 0 43 27 83 17

610 350 235 0 26 74 274 336

399 144 76 5 174 100 516 -116

1,186 655 339 55 137 92 208 978

600 -172 650 58 65 93 -89 690

977 522 350 -3 108 97 239 738

1,006 227 752 -18 44 96 60 946

1,579 1,041 457 -15 95 91 471 1,108

2,025 1,109 795 6 114 98 356 1,668

1,657 1,003 541 14 98 130 331 1,326

82 18 0 75 7

230 228 153 200 29

-92 394 97 267 -359

373 479 335 -131 503

-233 496 337 -418 185

77 502 398 -91 168

49 489 468 -235 285

671 428 480 211 461

1,047 506 473 63 984

547 572 537 25 523

1,380 .. 0 .. 60 ..

8,450 3,674 319 4,119 700 -353

19,895 9,644 761 10,227 2,325 -442

18,520 9,497 796 10,347 1,871 -821

19,033 10,562 927 11,457 2,050 -840

20,028 10,681 1,071 11,487 2,365 -746

23,942 12,295 1,250 13,082 3,036 -730

.. 43.4 .. .. 1.3 10.0 .. 7.4 55.7 7.3

95.9 41.7 14.8 6.9 3.0 19.9 2.0 3.9 39.3 12.3

123.1 59.7 15.9 6.1 2.9 19.6 2.7 13.0 21.7 30.6

111.7 57.3 20.0 5.8 3.0 17.6 2.2 8.6 24.4 32.4

102.9 57.1 12.7 4.3 2.4 18.9 2.1 6.3 23.8 33.3

121.0 64.5 13.5 4.8 2.6 18.3 2.5 4.6 22.7 34.3

126.1 64.7 13.0 4.7 2.4 19.6 2.8 5.2 21.7 34.4

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

11,882 5,851 551 6,591 867 -463

17,997 8,934 685 9,636 2,041 -595

18,946 9,290 718 10,079 1,913 -675

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

131.4 64.7 24.5 7.6 3.8 11.3 1.6 8.2 36.2 29.0

125.7 62.4 15.8 6.0 3.0 18.2 2.5 13.7 22.6 30.9

116.7 57.2 15.4 6.1 3.0 17.6 2.3 9.6 23.0 32.7

533 TUNISIA (US$ million, unless otherwise indicated) 1970

1980

1990

541 541 364 44 16 320 317 177 2 0 175 0 0 0

3,388 3,208 1,959 433 75 1,527 1,309 1,249 6 493 750 180 0 180

6,878 6,660 5,240 2,233 229 3,008 2,551 1,420 0 339 1,081 218 0 218

26 16

269 68

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

89 89 54 13 3 41 40 34 0 0 34 0 0 0

1997

1998

1999

2000

2001

2002

2003

9,516 9,333 6,985 3,472 423 3,514 2,115 2,348 1,112 573 663 183 0 183

9,675 9,494 7,054 3,542 421 3,512 2,072 2,441 1,200 560 681 181 0 181

10,254 9,482 6,401 3,637 418 2,764 2,162 3,081 1,825 484 772 772 0 772

9,671 8,871 6,034 3,441 475 2,592 2,113 2,838 1,327 839 671 800 0 800

10,190 9,072 6,127 3,616 541 2,511 2,051 2,946 1,642 703 601 1,118 0 1,118

12,325 10,939 7,153 4,426 665 2,727 2,274 3,786 2,433 776 577 1,386 0 1,386

14,690 13,134 8,417 5,325 766 3,092 2,598 4,717 3,315 943 459 1,556 0 1,556

1,347 59

1,434 45

1,458 43

1,323 41

1,211 39

1,297 37

1,464 35

1,779 33

608 556 321 82 8 239 194 235 0 51 184 53 0 53

1,017 987 699 430 45 269 177 288 0 88 200 30 0 30

1,480 1,450 656 351 24 304 114 794 586 74 134 30 0 30

646 616 456 287 26 169 117 159 0 49 110 30 0 30

1,423 1,223 784 528 48 256 242 439 240 19 180 200 0 200

1,537 1,237 697 416 93 281 278 540 0 519 21 300 0 300

1,896 1,546 1,011 701 109 311 247 534 453 44 37 350 0 350

2,037 1,737 959 743 128 216 168 778 650 114 14 300 0 300

2,016 1,814 1,008 711 111 297 221 807 632 166 8 202 0 202

9 3

51 1

213 0

127 0

142 0

210 0

136 0

293 0

117 0

251 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

47 47 14 1 0 13 11 33 0 0 33 0 0 0

258 216 72 20 0 52 40 144 5 24 114 43 0 43

872 835 357 168 7 189 142 478 60 113 305 37 0 37

825 790 584 344 25 241 186 206 0 88 118 35 0 35

818 786 610 366 36 244 189 175 0 63 113 32 0 32

901 869 653 391 28 262 181 216 0 134 82 32 0 32

1,310 1,278 681 408 31 273 192 597 371 134 92 32 0 32

854 822 635 361 36 274 168 187 0 104 84 32 0 32

928 896 717 450 39 267 172 179 0 95 84 32 0 32

1,013 981 775 482 44 292 208 206 0 113 93 32 0 32

1 0

15 0

111 1

173 2

178 2

166 2

150 2

146 2

154 2

205 2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

42 42 40 12 3 29 30 1 0 0 1 0 0 0

350 340 249 61 8 187 154 91 -5 27 70 10 0 10

144 151 342 262 38 80 35 -190 -60 -26 -105 -7 0 -7

655 660 72 8 -1 64 -73 588 586 -15 17 -5 0 -5

-172 -170 -154 -79 -10 -75 -71 -16 0 -14 -2 -2 0 -2

522 354 131 137 20 -6 61 223 240 -115 98 168 0 168

227 -41 16 8 62 7 86 -56 -371 385 -70 268 0 268

1,041 723 376 340 72 37 80 347 453 -60 -46 318 0 318

1,109 841 242 293 89 -51 -5 599 650 19 -70 268 0 268

1,003 833 233 228 67 5 13 601 632 54 -86 170 0 170

8 3

36 1

102 -1

-46 -2

-37 -2

44 -2

-15 -2

147 -2

-37 -2

46 -2

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

534 TUNISIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

18 18 8 2 0 7 6 10 0 0 10 0 0 0

228 212 74 28 1 46 29 138 1 69 68 16 0 16

394 384 249 149 6 100 73 136 5 35 96 10 0 10

479 469 339 246 15 93 64 130 36 37 57 9 0 9

496 488 328 228 15 100 60 159 66 36 57 8 0 8

502 492 330 245 16 85 56 162 85 30 48 10 0 10

489 479 295 213 16 82 54 184 99 39 46 10 0 10

428 419 260 178 19 82 53 158 87 33 38 9 0 9

506 468 293 225 22 68 51 175 119 23 33 38 0 38

572 528 306 231 28 75 56 222 163 29 30 44 0 44

1 0

22 1

103 0

103 0

90 0

103 0

79 0

80 0

79 0

81 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

23 23 32 10 3 22 23 -9 0 0 -9 0 0 0

123 128 175 33 7 141 125 -46 -6 -43 3 -6 0 -6

-250 -233 93 113 32 -20 -37 -326 -65 -60 -201 -17 0 -17

176 191 -267 -238 -15 -29 -136 458 550 -52 -40 -14 0 -14

-668 -658 -482 -308 -24 -175 -132 -175 -66 -50 -59 -10 0 -10

19 -138 -199 -108 5 -91 4 60 155 -145 50 158 0 158

-262 -520 -280 -205 46 -75 33 -240 -470 346 -117 258 0 258

614 305 116 161 53 -45 27 189 366 -93 -85 309 0 309

604 373 -51 68 67 -120 -55 425 531 -4 -103 230 0 230

431 305 -74 -3 40 -71 -44 379 470 25 -115 126 0 126

7 3

14 0

-1 -2

-148 -2

-127 -2

-59 -2

-94 -2

67 -2

-116 -2

-36 -2

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

65 65 22 3 0 19 17 43 0 0 43 0 0 0

486 428 146 48 1 98 70 281 6 94 182 58 0 58

1,267 1,220 606 317 13 289 215 614 65 148 401 47 0 47

1,304 1,259 923 590 39 333 250 336 36 126 175 44 0 44

1,314 1,273 939 595 51 344 249 335 66 99 169 40 0 40

1,404 1,361 983 636 44 347 237 378 85 164 130 42 0 42

1,799 1,757 976 621 47 356 246 780 470 173 138 42 0 42

1,282 1,241 895 539 56 356 220 346 87 137 122 41 0 41

1,434 1,364 1,010 675 61 336 223 354 119 118 117 70 0 70

1,585 1,509 1,081 714 72 367 264 428 163 142 123 76 0 76

3 0

37 1

214 2

275 2

268 2

269 2

229 2

226 2

233 2

286 2

319 269 50

2,050 1,578 472

3,861 3,157 704

3,530 3,083 448

4,133 3,557 576

6,242 5,909 333

4,178 3,709 469

4,672 4,319 353

5,304 4,721 583

5,336 4,930 406

333 0 528 13

1,384 680 3,118 270

2,781 1,560 6,660 218

2,538 2,523 9,331 186

2,493 2,565 9,493 183

2,580 3,170 9,482 772

2,588 3,018 8,871 800

2,592 3,444 9,072 1,118

2,940 4,195 10,939 1,386

3,364 5,002 13,134 1,556

.. 5.6 10.7 21.6 0.5 0.7 30.2 5.8 0.2 24.7

25.0 .. .. 23.9 0.4 0.7 27.2 4.9 0.2 17.6

26.9 .. .. 21.8 0.4 0.7 28.5 3.8 0.2 17.6

32.3 .. .. 22.6 0.3 0.6 23.4 2.9 0.2 17.6

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 8.7 23.4 0.0 0.8 0.1 37.8 5.5 0.0 23.7

.. 10.8 21.1 1.7 0.2 0.9 33.4 8.4 0.0 23.5

.. 11.0 13.6 8.6 0.1 0.6 21.8 22.7 0.3 21.2

.. 6.1 9.9 13.9 0.0 0.1 28.6 21.3 0.1 20.0

.. 6.2 10.2 15.1 0.0 0.1 41.0 7.5 0.2 19.8

.. 6.1 11.0 20.7 0.5 0.5 31.6 6.3 0.2 23.1

535 TUNISIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION -150 -384 1,023 .. 715 292 568 -721 969 265 .. 0 0 0 0 .. 0 0 0 0 .. -7 0 0 0 -584 345 -148 .. 351 .. 79 -134 -8 201 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-1,255 -442 0 0 0 -409 -404

259 782 0 0 0 -470 -53

2,051 1,026 0 0 0 731 294

2,580 1,218 0 0 0 1,156 206

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 42 .. .. .. .. ..

3.5 27.8 6.4 48.1

6.2 18.4 5.4 26.6

6.9 14.3 3.8 18.0

5.2 17.8 9.9 31.5

4.0 19.2 5.4 38.2

2.8 18.2 5.2 43.8

4.0 17.4 8.7 39.7

4.1 17.9 5.9 34.6

5.1 14.5 6.3 28.6

4.2 18.2 11.3 39.1

2.7 32.6 7.7 57.4

5.0 21.2 6.5 35.4

6.0 18.0 5.0 25.9

4.0 18.6 5.0 37.7

3.3 19.6 5.6 43.3

2.0 19.3 4.5 48.9

4.5 16.9 5.6 35.2

4.4 19.4 4.3 34.9

3.7 17.8 4.8 37.5

3.5 19.3 4.7 40.8

6.3 11.0 1.9 15.1

9.6 10.7 2.4 2.8

8.1 9.4 2.1 7.3

6.6 16.9 15.7 24.1

6.2 17.6 4.5 21.3

7.1 12.6 8.7 18.2

3.5 17.8 11.6 43.8

3.3 12.3 11.9 33.8

6.5 11.3 7.8 19.9

4.9 17.3 17.1 37.6

144 777 799 1,525 1,156 1,798 1,439 112 567 462 829 888 1,503 684 32 210 337 696 268 295 756 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

2,619 2,071 548

1,903 943 960

1,269 594 675

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1,805 2,002 655

1,428 1,697 627

886 1,802 588

531 1,650 546

304 1,303 484

168 1,475 443

77 1,478 382

45 1,081 331

23 1,490 268

9 1,092 203

1,550 1,090 329

1,315 1,066 334

858 1,052 328

521 1,108 310

304 1,075 282

168 1,013 251

77 996 220

45 825 186

23 726 159

9 639 135

566 483 92

371 418 89

204 384 83

116 365 75

58 332 66

26 298 58

11 279 50

3 212 42

2 179 37

1 166 33

984 607 237

944 649 246

654 668 245

405 743 234

246 742 216

142 715 194

66 717 170

42 613 144

21 547 122

8 473 102

255 912 326

113 631 293

28 750 260

9 542 236

0 228 202

0 462 192

0 482 163

0 256 145

0 764 109

0 453 68

197 89 38

88 96 39

19 76 36

4 65 34

0 57 32

0 55 30

0 381 28

0 35 15

0 35 14

0 32 12

59 823 288

25 534 254

9 675 224

5 477 202

0 171 170

0 407 162

0 101 135

0 221 130

0 729 96

0 421 55

536 TURKEY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

2,746 1,888 1,846 42 74 784 0 0 0 0 0 0 0

19,131 15,575 15,040 535 1,054 2,501 11 11 0 23 21 1 0

49,424 39,924 38,870 1,054 0 9,500 0 0 0 0 0 0 11,519

84,785 66,197 47,513 18,683 594 17,994 0 0 0 0 0 0 13,932

97,143 75,538 50,197 25,340 388 21,217 0 0 0 0 0 0 5,966

102,242 77,880 50,755 27,124 891 23,472 0 0 0 0 0 0 5,446

117,335 84,247 56,419 27,828 4,176 28,912 0 0 0 0 0 0 5,567

113,351 82,889 54,237 28,652 14,117 16,345 0 0 0 0 0 0 5,160

131,185 92,675 60,220 32,455 22,086 16,424 0 0 0 0 0 0 5,024

145,662 98,558 64,758 33,799 24,092 23,013 0 0 0 0 0 0 5,613

407 332 75 158 131 27 249 0 44 44 0 0 204 203 176 27 0

3,115 2,475 640 750 595 155 1,259 -1,106 857 507 51 299 401 1,607 1,102 206 299

5,243 5,243 0 4,010 3,961 49 4,988 3,755 3,412 2,891 4 517 1,576 7,422 6,852 53 517

10,595 10,595 0 7,001 6,974 28 4,243 649 4,912 3,850 29 1,033 -669 11,914 10,824 57 1,033

11,572 11,572 0 9,269 9,046 223 5,525 3,223 5,682 4,530 25 1,127 -157 14,952 13,576 248 1,127

21,476 20,678 797 12,837 12,550 287 10,894 2,255 5,792 4,534 11 1,247 5,102 18,629 17,083 299 1,247

26,580 23,122 3,459 13,864 13,777 87 18,157 5,440 6,867 5,015 52 1,800 11,289 20,731 18,792 139 1,800

24,288 12,963 11,324 16,180 15,075 1,105 -4,459 -12,567 6,185 5,165 432 588 -10,644 22,365 20,240 1,536 588

35,170 22,313 12,857 22,052 15,686 6,366 13,197 79 5,538 4,276 813 450 7,659 27,590 19,961 7,179 450

20,514 18,848 1,666 21,499 19,787 1,712 4,904 4,389 6,684 5,188 596 900 -1,780 28,183 24,975 2,308 900

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

300 201 58 0 41 14 257 43

2,083 1,880 18 0 185 38 1,423 660

2,859 1,282 684 89 804 148 1,023 1,836

4,492 3,622 805 8 58 177 -76 4,568

3,020 2,526 940 -518 72 129 -63 3,083

9,459 8,129 783 428 119 130 -533 9,992

10,903 9,345 982 489 87 85 1,081 9,822

1,201 -2,112 3,266 -79 126 89 307 894

8,030 6,627 1,038 -16 381 96 606 7,425

1,776 -939 1,562 1,009 144 137 -1,073 2,849

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

256 44 0 220 36

1,545 507 31 1,212 333

-193 2,891 161 -20 -173

439 3,850 203 -775 1,214

-1,838 4,530 328 -871 -967

4,612 4,534 313 -1,227 5,840

5,609 5,015 279 403 5,206

-4,273 5,165 309 -406 -3,867

3,376 4,276 379 28 3,348

-3,882 5,188 471 -1,595 -2,288

18,071 .. 0 .. 440 ..

71,885 5,743 2,071 9,251 3,298 -3,408

185,884 52,602 4,529 54,308 24,433 -1,344

200,887 58,546 4,560 68,579 23,515 -9,819

143,674 55,971 2,786 52,788 19,911 3,390

182,204 59,331 1,936 61,352 28,348 -1,521

238,317 73,267 729 81,470 35,549 -7,905

.. 15.2 .. .. 0.2 16.0 .. 28.5 52.4 13.9

333.1 26.6 28.0 14.9 1.2 17.2 4.3 13.1 20.4 11.2

194.4 55.0 35.4 11.0 3.1 23.9 5.4 23.0 5.4 5.3

200.4 58.4 35.4 11.7 3.4 20.0 4.1 24.6 4.3 4.8

202.5 78.9 40.0 11.1 4.3 17.6 4.5 14.4 3.7 5.4

221.1 72.0 46.5 9.3 3.0 21.6 5.5 12.5 3.5 5.1

198.8 61.1 38.5 9.1 2.8 24.4 5.2 15.8 3.5 4.5

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

152,220 25,205 3,246 28,949 7,626 -2,625

192,821 58,117 4,197 61,069 19,746 -2,638

204,578 62,378 5,356 60,553 20,568 1,984

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

196.1 32.5 29.4 13.5 2.2 15.4 3.2 19.2 15.1 19.5

145.9 44.0 20.5 8.5 2.5 23.3 3.9 21.2 6.7 7.8

155.7 47.5 24.0 9.1 2.8 21.2 4.1 21.8 6.0 6.7

537 TURKEY (US$ million, unless otherwise indicated) 1970

1980

1990

1,888 1,846 1,766 383 110 1,383 1,328 81 20 8 53 42 0 42

15,575 15,040 9,636 2,149 242 7,487 3,661 5,405 64 4,112 1,229 535 0 535

39,924 38,870 18,150 9,627 825 8,523 6,625 20,720 4,976 13,403 2,341 1,054 16 1,038

53 83

1,158 189

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

332 331 310 125 7 185 177 21 0 0 21 1 0 1

1997

1998

1999

2000

2001

2002

2003

66,197 47,513 13,738 6,606 691 7,132 4,991 33,775 15,075 15,321 3,379 18,683 124 18,559

75,538 50,197 14,581 6,469 604 8,112 5,266 35,616 14,978 17,381 3,258 25,340 794 24,546

77,880 50,755 12,931 5,434 529 7,497 5,022 37,824 17,766 17,381 2,678 27,124 1,338 25,786

84,247 56,419 13,171 5,672 468 7,499 4,530 43,248 21,993 19,411 1,844 27,828 1,784 26,044

82,889 54,237 12,767 6,078 271 6,689 3,894 41,469 20,800 19,117 1,552 28,652 1,652 27,000

92,675 60,220 13,680 6,658 257 7,021 4,334 46,541 23,130 22,014 1,397 32,455 1,882 30,572

98,558 64,758 13,377 6,567 267 6,810 4,784 51,381 27,014 23,279 1,088 33,799 1,529 32,271

6,272 157

3,587 118

3,446 112

2,902 107

3,634 101

4,707 95

5,367 89

5,214 83

2,475 2,400 1,618 476 10 1,142 801 782 0 600 182 75 0 75

5,243 4,700 2,138 1,083 12 1,056 900 2,561 644 1,435 483 543 0 543

10,595 8,231 1,806 539 44 1,268 379 6,425 3,711 1,960 755 2,364 0 2,364

11,572 6,597 1,698 426 3 1,272 278 4,899 2,330 2,148 420 4,975 670 4,305

20,678 9,605 976 447 8 529 237 8,629 5,230 3,227 172 11,074 552 10,522

23,122 14,241 2,764 1,505 1 1,259 362 11,477 7,114 4,258 105 8,881 454 8,427

12,963 6,725 2,246 1,793 11 453 148 4,479 2,138 2,171 170 6,238 0 6,238

22,313 7,462 1,792 1,161 0 631 370 5,670 3,148 2,390 132 14,851 200 14,651

18,848 7,205 884 445 25 439 273 6,321 4,507 1,763 52 11,643 0 11,643

17 7

313 0

627 0

266 0

271 0

377 0

1,291 0

1,537 0

1,031 0

276 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

131 128 95 70 22 24 18 34 0 1 32 3 0 3

595 566 379 66 1 314 77 186 1 154 31 29 0 29

3,961 3,677 1,920 825 23 1,094 364 1,758 47 1,204 508 283 0 283

6,974 5,737 1,940 1,124 139 816 531 3,797 1,685 1,459 652 1,237 50 1,187

9,046 7,341 1,833 983 125 850 391 5,509 3,201 1,661 646 1,705 0 1,705

12,550 5,551 1,628 953 70 675 406 3,923 2,019 1,248 656 6,998 0 6,998

13,777 6,301 1,770 1,044 32 726 440 4,531 1,869 1,808 853 7,476 0 7,476

15,075 7,696 2,066 1,301 182 764 407 5,630 2,507 2,614 509 7,379 124 7,255

15,686 6,474 1,568 676 25 892 412 4,907 2,553 1,993 361 9,211 0 9,211

19,787 8,484 2,101 707 27 1,394 429 6,383 2,939 2,983 461 11,303 431 10,872

3 0

45 1

620 4

726 6

678 6

610 6

486 6

432 6

437 6

496 6

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

201 203 216 55 -15 160 158 -13 0 -1 -11 -2 0 -2

1,880 1,834 1,238 410 9 828 724 596 -1 446 151 46 0 46

1,282 1,022 219 258 -11 -39 535 804 597 231 -25 260 0 260

3,622 2,495 -134 -586 -96 452 -152 2,628 2,025 501 102 1,127 -50 1,177

2,526 -744 -135 -557 -122 422 -113 -609 -871 487 -226 3,270 670 2,600

8,129 4,053 -652 -506 -63 -146 -170 4,705 3,210 1,979 -484 4,075 552 3,523

9,345 7,940 994 461 -31 533 -78 6,946 5,245 2,450 -748 1,405 454 951

-2,112 -971 180 491 -171 -311 -259 -1,151 -369 -443 -340 -1,141 -124 -1,017

6,627 988 224 485 -25 -261 -42 763 594 397 -228 5,639 200 5,439

-939 -1,279 -1,217 -262 -2 -955 -156 -62 1,568 -1,220 -409 340 -431 771

15 7

267 -1

6 -4

-461 -6

-408 -6

-233 -6

806 -6

1,106 -6

594 -6

-220 -6

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

538 TURKEY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

44 42 37 11 2 26 25 5 1 1 3 2 0 2

507 487 211 127 4 84 33 276 4 250 21 20 0 20

2,891 2,830 1,043 688 30 355 172 1,787 383 1,204 200 61 1 60

3,850 2,967 699 466 24 233 154 2,268 993 1,052 223 883 13 870

4,530 3,211 808 519 22 290 139 2,403 1,173 1,000 230 1,319 12 1,307

4,534 2,990 694 407 14 288 142 2,295 1,141 954 200 1,544 86 1,458

5,015 3,481 678 373 13 305 137 2,803 1,598 1,069 136 1,533 126 1,407

5,165 3,848 713 413 11 300 112 3,135 1,847 1,167 122 1,317 195 1,122

4,276 3,643 578 338 9 240 105 3,065 1,929 1,051 85 632 183 450

5,188 3,933 522 294 8 228 103 3,411 2,255 1,082 74 1,255 189 1,065

3 1

88 1

511 1

273 1

245 1

243 1

237 1

291 1

271 1

232 1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

156 161 178 44 -17 134 134 -18 -1 -2 -15 -5 0 -5

1,373 1,347 1,027 283 5 744 691 320 -5 196 130 26 0 26

-1,609 -1,808 -824 -431 -41 -394 363 -983 214 -973 -225 199 -1 200

-228 -472 -832 -1,052 -120 220 -305 360 1,033 -551 -121 244 -63 307

-2,004 -3,956 -943 -1,075 -143 132 -252 -3,013 -2,044 -513 -456 1,951 658 1,293

3,595 1,063 -1,347 -912 -77 -434 -311 2,410 2,069 1,024 -684 2,532 466 2,065

4,330 4,459 315 88 -44 227 -215 4,143 3,647 1,381 -885 -129 328 -456

-7,277 -4,819 -532 78 -183 -611 -370 -4,286 -2,215 -1,609 -462 -2,458 -319 -2,139

2,351 -2,655 -354 148 -33 -501 -147 -2,302 -1,334 -654 -314 5,007 17 4,990

-6,127 -5,212 -1,739 -556 -10 -1,183 -259 -3,473 -687 -2,302 -483 -915 -620 -294

12 7

179 -2

-505 -5

-733 -7

-653 -7

-476 -7

569 -7

815 -7

323 -7

-453 -7

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

176 170 132 81 24 51 43 38 1 2 35 6 0 6

1,102 1,053 591 193 5 398 110 462 5 405 52 49 0 49

6,852 6,507 2,963 1,514 53 1,449 537 3,545 430 2,408 707 344 1 343

10,824 8,703 2,639 1,591 163 1,048 685 6,065 2,678 2,511 876 2,120 63 2,057

13,576 10,553 2,641 1,501 147 1,139 530 7,912 4,375 2,661 876 3,024 12 3,012

17,083 8,541 2,323 1,360 84 963 548 6,219 3,160 2,202 856 8,542 86 8,456

18,792 9,782 2,448 1,417 45 1,031 577 7,334 3,467 2,877 990 9,009 126 8,883

20,240 11,544 2,778 1,714 194 1,064 519 8,766 4,353 3,781 631 8,696 319 8,377

19,961 10,118 2,146 1,013 33 1,133 516 7,972 4,482 3,044 446 9,844 183 9,661

24,975 12,417 2,623 1,001 35 1,622 532 9,794 5,194 4,065 535 12,558 620 11,937

6 1

133 3

1,132 5

999 7

924 7

853 7

723 7

723 7

708 7

729 7

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

857 753 104

3,706 2,938 768

8,563 4,823 3,740

6,939 3,344 3,596

8,268 3,337 4,931

11,455 6,182 5,273

10,377 5,111 5,265

9,297 5,234 4,063

9,953 6,001 3,951

8,854 4,795 4,058

1,438 58 1,839 49

3,903 4,122 14,956 620

7,450 13,577 38,570 1,354

5,682 30,253 47,455 18,741

5,870 36,119 50,154 25,384

5,551 36,772 50,728 27,151

4,998 40,707 56,401 27,846

4,166 41,761 54,233 28,656

4,591 46,666 60,220 32,455

5,051 47,071 64,712 33,846

25.7 .. .. 9.3 0.7 0.2 63.2 0.7 0.0 0.2

25.5 .. .. 8.5 0.6 0.3 64.2 0.6 0.0 0.2

26.0 .. .. 6.8 0.2 0.3 66.0 0.5 0.0 0.2

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 17.6 3.2 0.0 6.0 1.6 49.3 9.1 0.0 13.2

.. 17.0 5.6 4.0 3.8 8.6 43.5 8.1 0.0 9.4

.. 17.4 1.6 12.1 0.8 5.2 40.0 18.9 0.0 4.0

.. 21.3 1.5 18.6 0.9 1.6 49.2 3.5 0.0 3.5

.. 22.8 1.3 15.7 1.0 1.1 51.5 3.1 0.0 3.5

.. 19.2 1.2 14.8 0.9 0.7 51.7 2.5 0.0 9.0

.. 14.4 1.0 12.6 0.8 0.3 57.4 1.9 0.0 11.6

539 TURKEY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 8. DEBT STOCK-FLOW RECONCILIATION 12,358 5,099 .. 7,847 4,956 4,988 4,243 5,525 10,894 1,259 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 .. 1,874 -2,899 2,091 -1,158 3,612 4,741 -4,637 .. 985 9. AVERAGE TERMS OF NEW COMMITMENTS

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

15,093 18,157 0 0 0 -2,016 -1,047

-3,985 -4,459 0 0 0 -1,838 2,313

17,834 13,197 0 0 0 4,332 305

14,477 4,904 0 0 0 5,831 3,042

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 249 .. .. .. .. ..

3.6 19.0 4.8 37.5

8.3 16.4 5.1 17.4

8.4 10.2 4.6 9.2

7.5 8.0 5.0 9.8

6.2 7.8 4.1 14.4

7.8 10.0 4.4 10.7

8.2 11.6 7.7 5.7

6.6 9.7 4.3 17.9

6.2 9.4 4.8 17.0

7.6 8.6 6.1 11.5

3.4 19.6 4.9 39.1

7.1 18.3 5.7 22.9

6.7 17.0 7.3 23.4

6.7 11.2 4.2 16.0

7.1 12.2 4.2 15.6

5.2 15.0 3.9 27.6

6.9 15.1 5.0 17.9

4.3 14.8 5.0 32.7

3.4 14.8 5.1 36.4

4.0 17.8 5.5 36.8

5.5 13.7 3.1 22.7

14.4 7.5 1.9 -9.6

9.4 6.5 3.2 1.5

7.6 7.4 5.1 8.6

6.0 6.5 4.1 14.1

9.0 7.8 4.7 3.1

8.5 10.8 8.3 2.7

8.6 5.4 3.6 5.4

7.6 6.7 4.6 7.3

7.9 7.9 6.2 9.6

489 2,925 4,628 7,899 7,307 11,909 14,490 440 2,426 1,624 1,228 1,660 3,686 2,778 49 499 3,004 6,671 5,647 8,223 11,711 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

6,767 3,106 3,660

7,944 2,647 5,297

6,886 483 6,403

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

4,609 18,701 5,837

2,296 16,903 5,116

992 11,459 4,275

451 9,417 3,686

208 8,671 3,070

135 5,625 2,496

63 5,755 2,120

44 3,278 1,606

25 2,908 1,357

18 1,722 1,231

1,990 1,677 464

1,226 1,698 448

679 1,630 414

395 1,567 374

208 1,451 330

135 1,518 287

63 1,279 232

44 1,144 194

25 1,045 160

18 979 129

618 938 203

390 841 188

195 708 168

103 678 150

34 621 132

21 706 115

4 494 86

0 394 75

0 353 64

0 338 55

1,371 740 261

837 858 259

484 922 246

292 888 224

174 830 198

114 813 172

59 786 145

44 750 119

25 691 96

18 641 74

2,619 17,024 5,373

1,070 15,205 4,669

313 9,829 3,862

56 7,850 3,313

0 7,219 2,740

0 4,107 2,209

0 4,476 1,888

0 2,133 1,412

0 1,864 1,197

0 743 1,101

2,542 2,261 1,013

1,045 1,957 990

304 1,882 936

56 1,810 875

0 1,198 831

0 681 795

0 593 768

0 482 745

0 396 725

0 385 706

76 14,763 4,360

25 13,248 3,679

9 7,946 2,926

1 6,040 2,437

0 6,021 1,909

0 3,426 1,414

0 3,883 1,120

0 1,651 667

0 1,468 472

0 359 395

540 TURKMENISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

1,771 1,242 1,242 0 0 529 9 3 6 73 37 36 483

2,259 1,748 1,731 16 0 511 9 4 5 115 54 61 236

.. .. .. .. 0 312 .. .. .. .. .. .. 530

.. .. .. .. 0 234 .. .. .. .. .. .. 694

.. .. .. .. 0 388 .. .. .. .. .. .. 878

.. .. .. .. 0 350 .. .. .. .. .. .. 673

.. .. .. .. 0 301 .. .. .. .. .. .. 535

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

986 986 0 196 196 0 1,039 248 68 46 0 22 971 263 242 0 22

685 685 0 219 219 0 449 -18 92 66 0 26 357 311 285 0 26

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

903 791 108 0 5 8 33 870

535 466 62 0 7 17 130 405

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

850 46 7 24 826

445 66 24 123 322

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

2,638 978 0 1,939 1,376 -935

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

.. .. .. .. .. ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

231.0 85.6 31.8 9.4 3.5 60.9 8.5 22.6 0.0 1.6

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

2,535 1,203 0 1,752 1,256 -580

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

147.3 69.9 21.9 5.6 2.7 70.9 8.6 29.9 0.0 1.1

541 TURKMENISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

1,242 1,242 160 19 0 141 38 1,083 0 89 994 0 0 0

1,748 1,731 285 37 0 247 118 1,446 0 59 1,387 16 0 16

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

6 0

9 0

9 0

28 0

30 0

31 0

30 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

986 986 57 16 0 41 20 930 0 130 800 0 0 0

685 685 133 18 0 115 70 553 0 0 553 0 0 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

.. ..

3 0

2 0

0 0

20 0

3 0

2 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

196 196 28 0 0 28 0 167 0 41 127 0 0 0

219 216 9 0 0 9 0 206 0 30 177 3 0 3

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

.. ..

0 0

0 0

0 0

1 0

1 0

2 0

2 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

791 791 28 16 0 12 20 762 0 89 673 0 0 0

466 469 123 18 0 105 70 346 0 -30 376 -3 0 -3

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

.. ..

3 0

2 0

0 0

20 0

2 0

1 0

-2 0

5. LONG-TERM DEBT

542 TURKMENISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

46 46 9 1 0 7 1 37 0 2 35 0 0 0

66 66 7 2 0 5 2 59 0 5 54 1 0 1

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

.. ..

0 0

0 0

1 0

1 0

2 0

1 0

1 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

745 745 20 15 0 5 19 725 0 87 638 0 0 0

400 404 116 16 0 100 68 288 0 -34 322 -4 0 -4

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

.. ..

3 0

2 0

-1 0

18 0

1 0

0 0

-2 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

242 242 37 1 0 36 1 205 0 43 162 0 0 0

285 281 16 2 0 15 2 265 0 34 231 4 0 4

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

.. ..

0 0

0 0

1 0

2 0

2 0

3 0

2 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

1,038 423 615

597 312 285

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

38 937 1,242 0

118 1,386 1,731 16

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 9.9 0.0 1.1 0.0 0.0 88.3 0.7 0.0 0.1

.. 14.4 0.0 5.9 0.0 0.0 79.2 0.5 0.0 0.0

.. .. .. .. .. .. .. .. .. ..

543 TURKMENISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

.. .. .. .. .. .. ..

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 .. .. 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. .. 1,020 488 .. .. 1,039 449 .. .. -6 0 .. .. 0 0 .. .. 0 0 .. .. -9 11 .. .. -3 28 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.8 7.6 2.2 13.8

6.7 5.6 2.1 9.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

4.3 15.7 4.4 32.1

0.0 0.0 0.0 0.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.3 5.4 1.5 8.7

6.7 5.6 2.1 9.7

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. ..

.. .. .. 1,324 218 .. .. .. .. .. 286 0 .. .. .. .. .. 1,039 218 .. .. 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

.. .. ..

.. .. ..

.. .. ..

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

.. .. ..

544 UGANDA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

152 152 152 0 0 0 0 0 0 0 0 0 0

687 535 535 0 89 63 19 10 9 82 30 52 0

2,582 2,160 2,160 0 282 140 83 32 51 215 93 122 270

3,884 3,376 3,376 0 394 114 46 38 8 215 148 67 129

3,917 3,385 3,385 0 398 134 62 53 9 215 160 55 102

3,498 2,994 2,994 0 372 132 54 52 2 109 93 16 58

3,497 3,051 3,051 0 316 129 58 56 2 124 108 16 72

3,731 3,305 3,305 0 275 151 78 77 2 187 164 23 65

3,991 3,576 3,576 0 257 158 74 73 2 207 186 21 31

4,553 4,168 4,168 0 236 148 73 73 0 198 198 0 24

26 26 0 5 5 0 22 0 5 5 0 0 17 9 9 0 0

161 83 78 45 32 13 130 14 12 3 3 5 118 57 36 16 5

372 293 79 109 65 43 269 6 36 18 13 5 233 145 84 56 5

350 291 60 117 60 58 244 11 44 38 2 4 201 161 98 60 4

224 174 50 121 67 54 106 3 32 26 2 4 74 153 93 56 4

209 174 35 97 61 36 119 6 34 28 2 4 84 131 89 38 4

230 219 12 48 26 21 177 -6 26 21 2 4 151 74 47 23 4

355 344 11 33 18 15 324 1 18 12 1 4 306 50 30 16 4

163 162 2 45 26 19 129 11 25 23 1 1 104 71 49 20 1

331 325 6 56 32 25 266 -9 27 25 1 1 238 84 57 26 1

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

27 22 4 0 1 14 17 10

112 51 0 0 61 21 68 44

485 227 0 0 257 91 468 16

748 231 175 0 342 151 574 174

675 107 210 0 358 125 467 208

633 113 140 0 379 110 494 139

880 192 161 0 527 131 721 159

851 326 151 0 373 139 696 155

743 135 187 0 421 156 551 192

1,005 294 194 1 516 178 803 202

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

23 5 0 14 9

109 3 0 66 43

466 18 0 451 15

699 38 10 536 163

632 26 16 442 190

588 28 17 466 122

841 21 19 701 140

773 12 66 685 87

650 23 71 529 121

902 25 78 778 124

1,245 .. 0 .. 57 ..

1,237 331 0 450 3 -83

4,227 178 0 734 44 -263

6,526 737 0 1,954 725 -364

5,952 947 233 1,571 763 -293

5,747 954 238 1,574 808 -359

5,540 1,056 483 1,685 983 -340

5,742 1,111 373 1,783 934 -342

6,166 1,180 295 1,968 1,080 -316

.. 12.2 .. .. 0.4 37.3 .. 0.0 71.3 12.6

207.8 55.5 17.3 3.6 1.0 0.4 0.1 9.1 37.0 11.5

1,452.4 61.1 81.4 20.2 0.8 1.7 0.7 5.4 56.2 49.2

531.3 60.0 20.8 4.4 0.5 18.5 4.5 3.4 80.3 62.2

369.3 58.8 13.8 3.6 0.6 21.8 5.8 3.8 80.9 73.0

366.4 60.8 7.8 2.7 0.5 23.1 6.2 3.7 83.4 75.3

353.5 67.4 4.7 1.7 0.3 26.4 7.0 4.0 82.0 75.7

359.3 69.5 6.4 2.3 0.4 23.4 6.3 4.0 85.6 79.4

385.8 73.8 7.1 2.3 0.4 23.7 6.6 3.3 87.6 83.1

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

6,253 798 0 1,767 633 -316

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

486.8 62.1 20.2 5.5 0.7 16.3 4.3 2.9 76.7 62.0

545 UGANDA (US$ million, unless otherwise indicated) 1970

1980

1990

152 152 127 19 13 108 95 25 10 14 1 0 0 0

535 535 291 79 63 212 191 244 0 23 221 0 0 0

2,160 2,160 1,826 1,270 1,129 556 322 335 4 89 242 0 0 0

6 13

1 46

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

26 26 19 5 5 14 14 7 0 6 2 0 0 0

1997

1998

1999

2000

2001

2002

2003

3,376 3,376 3,296 2,409 2,332 887 647 80 4 13 63 0 0 0

3,385 3,385 3,319 2,436 2,372 883 772 66 4 12 50 0 0 0

2,994 2,994 2,968 2,555 2,485 413 345 26 4 11 11 0 0 0

3,051 3,051 3,027 2,634 2,578 393 338 24 4 9 11 0 0 0

3,305 3,305 3,272 2,823 2,777 449 282 33 4 12 17 0 0 0

3,576 3,576 3,545 3,170 3,105 376 310 30 4 4 22 0 0 0

4,168 4,168 4,152 3,782 3,673 370 315 17 0 4 13 0 0 0

34 935

0 1,954

0 1,947

0 2,043

0 2,115

0 2,310

0 2,576

0 3,061

83 83 18 7 2 11 11 65 0 17 49 0 0 0

293 293 254 219 215 36 23 38 0 4 34 0 0 0

291 291 291 280 261 10 9 0 0 0 0 0 0 0

174 174 174 169 167 5 3 0 0 0 0 0 0 0

174 174 174 168 166 6 5 0 0 0 0 0 0 0

219 219 219 218 217 0 0 0 0 0 0 0 0 0

344 344 340 338 338 2 0 4 0 4 0 0 0 0

162 162 156 136 135 21 20 5 0 0 5 0 0 0

325 325 318 318 282 0 0 8 0 0 8 0 0 0

0 5

0 1

0 199

0 216

0 113

0 132

0 190

0 298

0 109

0 260

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5 5 3 0 0 3 3 1 0 1 0 0 0 0

32 32 11 1 0 10 2 21 0 0 21 0 0 0

65 65 44 19 4 25 4 22 0 14 8 0 0 0

60 60 58 30 18 28 18 1 0 1 0 0 0 0

67 67 65 46 28 19 13 2 0 1 1 0 0 0

61 61 59 27 12 32 29 2 0 2 0 0 0 0

26 26 25 9 7 16 10 1 0 1 0 0 0 0

18 18 17 14 7 3 3 1 0 1 0 0 0 0

26 26 26 21 17 4 3 1 0 1 0 0 0 0

32 32 31 26 19 5 4 1 0 1 0 0 0 0

0 0

1 0

4 2

0 9

0 5

0 4

0 3

0 5

0 14

0 16

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

22 22 16 5 5 11 11 6 0 5 2 0 0 0

51 51 7 5 1 1 9 44 0 17 28 0 0 0

227 227 211 200 211 11 19 16 0 -10 26 0 0 0

231 231 232 250 243 -18 -10 -1 0 -1 0 0 0 0

107 107 109 123 139 -14 -10 -2 0 -1 -1 0 0 0

113 113 115 141 154 -26 -25 -1 0 -1 0 0 0 0

192 192 194 209 209 -15 -10 -1 0 -1 0 0 0 0

326 326 323 324 330 -1 -3 3 0 3 0 0 0 0

135 135 131 114 117 16 17 5 0 -1 5 0 0 0

294 294 287 292 263 -5 -4 7 0 -1 8 0 0 0

0 5

-1 1

-4 198

0 208

0 108

0 128

0 187

0 293

0 96

0 244

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

546 UGANDA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

5 5 3 0 0 3 2 1 1 1 0 0 0 0

3 3 2 1 0 1 1 1 0 0 1 0 0 0

18 18 17 13 6 4 1 1 0 1 0 0 0 0

38 38 38 22 17 16 8 0 0 0 0 0 0 0

26 26 24 19 17 5 3 2 0 2 0 0 0 0

28 28 28 17 14 11 5 0 0 0 0 0 0 0

21 21 20 10 9 11 7 0 0 0 0 0 0 0

12 12 10 10 10 1 1 2 0 2 0 0 0 0

23 23 22 20 19 2 2 0 0 0 0 0 0 0

25 25 25 23 22 2 1 0 0 0 0 0 0 0

0 0

0 0

2 5

0 14

0 12

0 10

0 6

0 9

0 15

0 18

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

17 17 13 5 5 8 9 5 -1 4 2 0 0 0

47 47 5 4 1 1 9 43 0 17 26 0 0 0

209 209 194 188 205 6 19 15 0 -10 25 0 0 0

193 193 195 228 226 -34 -18 -2 0 -2 0 0 0 0

81 81 85 104 122 -19 -13 -4 0 -3 -1 0 0 0

85 85 87 124 139 -37 -30 -2 0 -2 0 0 0 0

172 172 173 199 201 -26 -18 -2 0 -2 0 0 0 0

313 313 312 314 320 -2 -4 1 0 1 0 0 0 0

113 113 108 94 98 14 15 4 0 -1 5 0 0 0

268 268 262 269 241 -7 -5 7 0 -1 8 0 0 0

-1 5

-1 0

-6 193

0 194

0 95

0 118

0 181

0 284

0 81

0 227

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9 9 7 1 0 6 4 2 1 2 0 0 0 0

36 36 13 3 1 10 3 22 0 0 22 0 0 0

84 84 61 31 10 29 5 23 0 15 8 0 0 0

98 98 96 52 35 44 27 2 0 2 0 0 0 0

93 93 89 65 45 24 16 4 0 3 1 0 0 0

89 89 87 44 27 43 34 2 0 2 0 0 0 0

47 47 45 19 16 26 18 2 0 2 0 0 0 0

30 30 28 24 17 4 4 3 0 3 0 0 0 0

49 49 48 41 37 7 5 1 0 1 0 0 0 0

57 57 56 49 41 7 5 1 0 1 0 0 0 0

1 0

1 1

6 7

0 22

0 17

0 14

0 9

0 14

0 29

0 33

47 44 3

161 143 19

844 821 23

689 688 0

738 713 25

816 790 26

699 670 29

912 887 25

1,178 1,158 20

1,111 1,099 12

108 4 150 1

254 7 531 4

1,451 49 2,157 3

2,979 77 3,371 5

3,143 83 3,380 5

2,830 101 2,989 5

2,916 84 3,047 5

3,058 154 3,300 5

3,415 64 3,572 4

3,988 63 4,164 4

.. 0.1 0.2 1.8 0.6 0.0 62.5 9.5 11.0 14.4

1.8 .. .. 1.4 0.4 0.0 66.3 8.3 9.9 12.0

2.2 .. .. 1.5 0.1 0.0 65.3 8.1 10.2 12.6

2.8 .. .. 1.4 0.0 0.0 66.8 7.7 9.4 12.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 6.5 0.2 0.3 73.2 0.0 6.9 4.1 0.0 8.8

.. 8.0 6.3 0.7 20.5 10.0 43.9 2.3 0.0 8.3

.. 0.7 3.5 0.3 6.7 0.0 53.4 21.8 2.4 11.3

.. 0.2 0.3 1.4 1.9 0.0 67.7 10.8 7.3 10.3

.. 0.2 0.3 1.6 1.0 0.0 66.4 9.6 9.0 11.9

.. 0.2 0.3 2.0 1.1 0.0 60.6 10.3 11.0 14.5

547 UGANDA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 16 0 149 19 .. 0 0 10 18 .. 4 0 133 0 .. 3 0 133 0 .. 0 0 0 0 .. 1 0 15 0 .. 1 0 15 0 .. 0 0 0 0 .. 51 0 3 6 .. 1 0 524 4 .. 0 0 185 0 .. 0 0 85 0 8. DEBT STOCK-FLOW RECONCILIATION .. 406 199 33 -419 130 269 244 106 119 .. 28 -3 16 -8 0 .. 1 0 15 0 -103 -7 .. -51 .. 201 -111 -187 -65 .. -43 69 186 -458 9. AVERAGE TERMS OF NEW COMMITMENTS

35 38 0 0 0 0 0 0 13 11 165 0

0 0 0 0 0 0 0 0 24 9 0 0

0 1 0 0 0 0 0 0 17 3 108 0

24 10 8 2 6 1 0 1 26 5 9 0

-1 177 3 0 -179 -150 148

234 324 20 0 -24 -122 36

260 129 -4 0 -125 224 35

562 266 -1 1 -35 291 41

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 22 .. .. .. .. ..

3.9 28.4 6.7 46.3

4.9 26.2 6.0 40.0

1.0 33.0 9.0 68.4

0.8 43.0 9.7 79.8

0.7 38.5 10.7 80.7

0.8 40.3 10.1 80.3

1.0 39.2 7.7 74.9

0.8 39.7 11.3 79.9

0.8 38.4 9.6 77.8

0.7 47.0 10.3 82.6

3.2 33.8 8.0 55.5

2.7 38.2 8.2 62.0

1.1 36.5 9.9 74.9

0.8 43.0 9.7 79.8

0.8 39.5 10.1 80.1

0.8 40.4 10.2 80.7

0.8 40.0 7.9 76.7

0.8 39.7 11.3 79.9

0.8 38.4 9.6 77.8

0.7 47.0 10.3 82.6

6.9 5.3 0.8 7.2

8.2 7.8 2.4 6.4

0.5 1.3 0.7 8.8

0.0 0.0 0.0 0.0

0.2 30.5 16.0 86.3

7.0 21.5 5.0 19.4

7.5 8.2 2.8 9.6

0.0 0.0 0.0 0.0

8.0 2.2 0.7 2.3

0.0 0.0 0.0 0.0

12 198 440 200 236 343 145 10 120 397 200 212 341 141 2 78 43 0 25 2 4 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

658 658 0

373 373 0

245 245 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

201 82 34

215 86 34

185 93 34

151 97 34

125 100 34

85 105 34

59 110 33

40 120 33

23 132 32

13 141 31

193 82 34

212 85 34

185 92 34

151 97 34

125 100 34

85 104 34

59 109 33

40 120 33

23 132 32

13 141 31

0 12 3

0 9 3

0 10 2

0 10 2

0 10 2

0 9 2

0 9 2

0 9 2

0 7 1

0 6 1

193 70 31

212 76 31

185 82 31

151 87 32

125 90 32

85 95 32

59 100 31

40 111 31

23 125 30

13 135 30

8 1 0

4 1 0

0 1 0

0 1 0

0 0 0

0 0 0

0 1 0

0 0 0

0 0 0

0 0 0

0 1 0

0 1 0

0 1 0

0 1 0

0 0 0

0 0 0

0 1 0

0 0 0

0 0 0

0 0 0

8 0 0

4 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

548 UKRAINE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

11,133 7,642 7,015 627 2,402 1,089 43 10 33 235 139 96 889

13,077 9,802 8,972 830 2,795 479 53 0 53 156 0 156 114

13,951 10,829 9,590 1,238 2,806 315 78 0 78 345 0 345 104

12,190 9,670 8,142 1,528 2,073 447 183 25 159 567 143 424 406

12,713 10,060 8,099 1,961 1,911 742 149 17 132 611 294 317 632

13,478 11,024 8,272 2,752 1,876 578 8 0 8 351 282 69 763

16,309 13,242 8,893 4,350 1,836 1,230 158 0 158 259 0 259 1,004

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,775 1,490 285 687 687 0 1,730 643 669 527 102 40 1,062 1,356 1,214 102 40

3,634 3,251 382 1,449 1,344 105 1,566 -620 575 421 115 39 991 2,023 1,764 220 39

2,073 1,435 638 2,124 1,568 557 -240 -189 677 545 110 22 -917 2,801 2,113 667 22

1,638 1,387 251 2,952 2,103 849 -1,287 26 709 573 122 14 -1,996 3,661 2,676 971 14

2,148 1,778 370 1,645 1,185 460 833 329 648 540 87 21 185 2,293 1,724 547 21

2,861 2,861 0 2,617 2,434 182 222 -23 627 550 55 22 -406 3,244 2,984 238 22

4,596 4,596 0 3,151 2,948 202 1,796 350 535 474 35 26 -1,261 3,686 3,422 238 26

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

1,836 802 623 248 163 86 169 1,667

3,063 1,908 743 227 185 250 438 2,625

618 -132 496 129 125 439 417 202

-14 -716 595 -193 299 241 -765 751

867 593 792 -734 216 303 445 422

-717 427 693 -1,958 122 371 -138 -579

1,499 1,648 1,424 -1,705 132 200 -51 1,550

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

1,264 527 45 -116 1,380

2,577 421 65 295 2,282

4 545 69 262 -258

-630 573 43 -914 284

248 540 79 268 -20

-1,371 550 105 -298 -1,074

935 474 90 -186 1,121

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

30,712 17,156 18 16,204 1,094 1,658

30,320 19,665 33 19,032 1,477 1,481

37,342 21,337 141 21,307 3,089 1,402

41,787 23,649 209 22,263 4,414 3,174

48,956 29,392 330 28,500 6,938 2,891

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

81.3 45.4 16.3 3.9 2.2 7.8 0.8 2.3 0.0 17.1

62.0 40.2 18.6 3.6 2.3 12.1 0.9 3.7 0.0 19.5

59.6 34.0 10.7 3.0 1.7 24.3 1.7 5.8 0.0 20.8

57.0 32.3 13.7 2.7 1.5 32.7 2.4 4.3 0.0 19.2

55.5 33.3 12.5 1.8 1.1 42.5 2.9 7.5 0.0 16.6

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

49,506 20,513 12 22,693 2,359 -1,335

41,039 17,743 12 19,821 793 -1,296

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

54.3 22.5 6.6 3.3 1.4 21.2 1.2 9.8 0.0 13.7

73.7 31.9 11.4 3.2 1.4 6.1 0.5 3.7 0.0 15.5

549 UKRAINE (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

7,642 7,015 4,422 1,531 0 2,892 212 2,593 1,120 605 868 627 0 627

9,802 8,972 4,749 2,024 0 2,725 263 4,223 2,644 690 889 830 0 830

10,829 9,590 6,171 2,391 0 3,780 3,361 3,419 2,329 452 639 1,238 0 1,238

9,670 8,142 5,005 2,377 0 2,628 2,257 3,136 2,379 134 623 1,528 0 1,528

10,060 8,099 5,537 2,638 0 2,899 2,361 2,561 2,211 93 258 1,961 0 1,961

11,024 8,272 5,529 2,594 0 2,935 2,327 2,743 2,523 62 157 2,752 0 2,752

13,242 8,893 5,580 2,708 0 2,872 2,238 3,313 3,150 74 89 4,350 0 4,350

.. ..

1,111 0

1,542 0

1,954 0

1,991 0

2,248 0

2,233 0

2,271 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,490 1,222 508 452 0 56 10 713 0 523 190 268 0 268

3,251 2,631 524 430 0 94 34 2,108 1,422 509 176 620 0 620

1,435 578 469 432 0 37 11 110 0 63 46 857 0 857

1,387 183 151 129 0 22 16 32 0 14 18 1,204 0 1,204

1,778 497 489 477 0 12 8 8 0 0 8 1,281 0 1,281

2,861 501 101 98 0 3 1 400 399 0 1 2,360 0 2,360

4,596 1,212 212 208 0 3 0 1,000 1,000 0 0 3,385 0 3,385

.. ..

.. ..

.. ..

306 0

385 0

422 0

113 0

364 0

45 0

95 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

687 636 502 1 0 502 0 134 0 3 130 52 0 52

1,344 927 271 2 0 269 0 656 35 428 193 416 0 416

1,568 798 178 11 0 167 2 620 107 289 225 769 0 769

2,103 1,257 1,215 70 0 1,145 1,100 42 33 2 7 845 0 845

1,185 413 260 154 0 106 98 153 133 14 6 772 0 772

2,434 697 361 249 0 112 110 337 298 1 38 1,737 0 1,737

2,948 1,038 395 224 0 171 128 643 555 1 88 1,911 0 1,911

.. ..

.. ..

.. ..

0 0

0 0

2 0

24 0

60 0

121 0

130 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

802 586 6 452 0 -446 10 580 0 520 60 216 0 216

1,908 1,704 253 428 0 -175 34 1,451 1,387 81 -17 204 0 204

-132 -220 291 421 0 -130 9 -511 -107 -225 -179 88 0 88

-716 -1,074 -1,064 59 0 -1,123 -1,084 -10 -33 12 11 359 0 359

593 84 229 323 0 -94 -90 -145 -133 -14 2 509 0 509

427 -196 -260 -151 0 -108 -108 64 101 -1 -36 623 0 623

1,648 174 -183 -15 0 -167 -128 357 445 -1 -88 1,474 0 1,474

.. ..

.. ..

.. ..

306 0

385 0

420 0

88 0

305 0

-76 0

-35 0

5. LONG-TERM DEBT

550 UKRAINE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

527 463 285 71 0 214 7 178 99 11 68 64 0 64

421 371 143 93 0 50 8 227 104 69 55 50 0 50

545 481 155 116 0 38 9 326 262 17 48 65 0 65

573 502 149 141 0 8 3 352 344 8 0 71 0 71

540 456 176 134 0 42 9 280 240 6 34 83 0 83

550 446 160 93 0 67 30 286 228 7 51 104 0 104

474 322 135 76 0 59 15 187 177 2 8 152 0 152

.. ..

.. ..

.. ..

59 0

68 0

94 0

118 0

111 0

77 0

62 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

275 123 -279 381 0 -660 3 402 -99 509 -8 152 0 152

1,487 1,334 110 334 0 -225 27 1,224 1,284 12 -72 153 0 153

-677 -700 137 305 0 -169 1 -837 -369 -242 -226 23 0 23

-1,289 -1,576 -1,214 -82 0 -1,132 -1,087 -362 -377 4 11 287 0 287

53 -373 52 188 0 -136 -99 -425 -373 -19 -32 426 0 426

-123 -642 -420 -244 0 -176 -139 -223 -127 -8 -88 519 0 519

1,175 -148 -318 -91 0 -226 -142 170 268 -3 -95 1,322 0 1,322

.. ..

.. ..

.. ..

247 0

317 0

326 0

-29 0

193 0

-153 0

-97 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,214 1,099 787 71 0 716 7 312 99 14 199 116 0 116

1,764 1,298 414 95 0 319 8 884 139 497 248 467 0 467

2,113 1,279 332 127 0 205 10 946 369 305 272 834 0 834

2,676 1,759 1,365 211 0 1,154 1,102 394 377 10 7 917 0 917

1,724 870 437 288 0 148 107 433 373 19 40 855 0 855

2,984 1,144 520 342 0 179 140 623 526 8 89 1,840 0 1,840

3,422 1,360 529 300 0 230 143 830 732 3 95 2,062 0 2,062

.. ..

.. ..

.. ..

59 0

68 0

96 0

142 0

171 0

198 0

193 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

1,211 1,025 186

1,692 1,521 170

1,213 987 226

1,139 957 182

833 709 124

702 654 47

1,056 1,001 55

.. .. .. ..

.. .. .. ..

.. .. .. ..

212 5,670 6,990 651

263 6,180 8,939 863

3,361 4,729 9,566 1,263

2,257 4,962 8,117 1,553

2,361 5,435 8,092 1,967

2,327 6,139 8,268 2,756

2,238 7,737 8,885 4,357

.. 5.5 0.5 2.0 0.0 0.0 53.2 21.3 0.0 17.5

22.6 .. .. 1.8 0.0 0.0 55.3 20.3 0.0 0.0

23.0 .. .. 1.9 0.0 0.0 55.7 19.3 0.0 0.0

21.5 .. .. 1.8 0.0 0.0 62.4 14.3 0.0 0.0

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 8.6 0.5 2.3 0.0 0.0 58.7 24.3 0.0 5.6

.. 17.0 0.5 1.9 0.0 0.0 49.6 20.0 0.0 10.9

.. 12.8 0.4 1.9 0.0 0.0 57.3 18.3 0.0 9.2

551 UKRAINE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 0 82 3,074 .. .. 0 0 1,895 .. .. 0 82 0 .. .. 0 0 0 .. .. 0 82 0 .. .. 0 0 601 .. .. 0 0 601 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 .. .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION 1,943 874 .. .. 1,595 -240 .. .. 1,730 1,566 .. .. 2 10 25 .. .. 0 0 601 .. .. 0 0 0 238 -412 .. .. -354 .. .. 217 130 900 9. AVERAGE TERMS OF NEW COMMITMENTS

2,185 1,870 252 0 252 8 0 8 0 0 0 0

515 5 455 71 384 31 6 25 0 0 2 0

167 0 169 27 141 0 0 0 0 0 0 0

282 0 282 282 0 0 0 0 0 0 0 0

-1,760 -1,287 105 8 0 -369 -217

523 833 -35 31 -2 -232 -73

765 222 -141 0 0 587 98

2,830 1,796 151 0 0 659 73

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.5 4.1 1.6 8.6

9.1 8.0 3.3 4.6

5.1 10.4 4.1 24.2

7.3 15.2 4.5 14.9

4.0 20.1 5.6 40.1

9.6 6.8 4.5 4.2

6.0 13.5 8.3 25.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.7 12.3 3.3 19.6

5.6 16.9 4.3 22.5

6.6 11.5 2.0 13.9

7.3 15.2 4.5 14.9

4.0 20.1 5.6 40.1

3.1 18.9 5.3 45.1

3.0 19.8 5.3 46.3

.. .. .. ..

.. .. .. ..

.. .. .. ..

5.5 2.3 1.2 6.2

11.0 3.3 2.8 -4.9

3.4 9.2 6.3 34.9

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

11.0 4.3 4.3 -4.3

7.7 10.0 10.0 13.3

.. .. .. 838 3,216 377 157 .. .. .. 150 1,118 193 157 .. .. .. 688 2,099 184 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

300 300 0

481 82 399

1,550 550 1,000

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

388 2,314 722

170 1,888 531

126 1,697 399

106 1,510 288

83 881 223

61 740 176

42 623 166

29 529 135

21 638 124

16 1,473 74

356 520 131

147 609 124

126 584 112

106 540 100

83 472 89

61 499 77

42 481 64

29 447 52

21 424 40

16 399 30

7 204 43

3 278 40

1 277 34

0 242 28

0 207 23

0 199 18

0 188 13

0 177 10

0 177 6

0 177 3

349 317 88

143 331 84

125 306 78

106 298 72

83 265 66

61 300 59

42 294 51

29 270 42

21 247 34

16 222 27

32 1,793 591

24 1,279 407

0 1,113 287

0 970 188

0 409 135

0 240 99

0 142 102

0 83 83

0 214 84

0 1,074 44

9 9 2

0 0 2

0 18 2

0 19 1

0 18 1

0 18 0

0 0 0

0 0 0

0 0 0

0 0 0

23 1,785 589

24 1,279 405

0 1,095 285

0 952 187

0 391 134

0 222 99

0 142 102

0 83 83

0 214 84

0 1,074 44

552 URUGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

363 298 269 29 18 47 0 0 0 0 0 0 0

1,660 1,338 1,127 211 0 322 0 0 0 0 0 0 0

4,415 3,114 3,045 69 101 1,201 0 0 0 0 0 0 183

6,681 4,780 4,556 223 0 1,901 0 0 0 0 0 0 280

7,571 5,401 5,113 288 161 2,009 0 0 0 0 0 0 144

7,475 5,524 5,084 440 157 1,794 0 0 0 0 0 0 152

8,175 6,110 5,576 534 149 1,917 0 0 0 0 0 0 105

9,690 6,618 6,093 524 144 2,929 0 0 0 0 0 0 57

10,764 7,372 6,879 492 1,793 1,600 0 0 0 0 0 0 36

11,764 7,903 7,430 473 2,416 1,445 0 0 0 0 0 0 65

91 50 40 80 51 28 11 0 17 17 0 0 -6 97 69 28 0

356 356 0 130 130 0 342 116 169 121 0 48 173 299 251 0 48

358 346 12 559 434 124 -134 66 428 318 16 93 -562 987 753 141 93

989 989 0 290 282 8 941 242 451 344 0 107 489 742 627 8 107

1,366 1,211 155 684 684 0 790 108 446 332 0 114 344 1,130 1,016 0 114

666 666 0 571 571 0 -120 -215 489 377 6 106 -609 1,060 948 6 106

1,089 1,089 0 672 672 0 540 123 635 505 8 123 -95 1,307 1,176 8 123

1,468 1,468 0 872 872 0 1,608 1,012 598 416 7 176 1,010 1,470 1,288 7 176

2,960 1,326 1,634 803 729 74 828 -1,329 472 397 24 51 356 1,275 1,126 98 51

1,023 514 509 554 474 80 314 -155 318 223 45 50 -4 872 697 125 50

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

0 -1 0 0 1 3 10 -10

516 226 290 0 0 9 37 479

-78 -88 0 0 11 25 114 -192

841 707 126 0 8 26 260 581

700 527 164 0 9 22 202 498

339 95 235 0 9 20 261 79

699 417 274 0 9 15 145 554

901 596 271 28 6 18 119 782

781 597 175 0 9 17 593 188

331 40 275 0 17 18 294 37

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

-17 17 0 5 -23

395 121 0 14 380

-396 318 0 54 -450

459 344 38 164 295

309 332 58 90 219

-174 377 135 130 -304

105 505 89 -2 107

369 416 116 -28 397

586 397 -202 458 128

99 223 10 146 -47

2,359 .. 0 .. 186 ..

9,753 1,594 0 2,312 2,401 -709

20,609 4,288 0 4,869 2,604 -508

19,806 4,441 0 5,035 2,776 -566

18,179 4,094 0 4,611 3,099 -488

12,155 3,165 36 2,879 772 322

10,781 3,321 32 3,309 2,087 52

.. 15.4 .. .. 0.7 51.3 .. 12.9 15.6 17.2

104.1 17.0 18.8 10.6 1.7 144.7 12.5 19.4 5.1 11.0

174.3 36.3 24.7 11.4 2.4 34.8 6.4 24.0 3.3 23.8

184.1 41.3 29.4 14.3 3.2 34.0 6.6 23.4 2.6 23.4

236.7 53.3 35.9 14.6 3.3 32.0 8.1 30.2 2.0 20.9

340.1 88.6 40.3 14.9 3.9 7.2 3.2 14.9 1.6 25.2

354.3 109.1 26.3 9.6 3.0 17.7 7.6 12.3 1.4 27.0

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

8,949 2,417 0 2,239 1,446 186

21,396 4,765 0 5,126 2,067 -287

22,068 4,756 0 5,291 2,587 -476

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

182.7 49.3 40.8 17.7 4.8 32.7 7.7 27.2 2.3 15.8

140.2 31.2 15.6 9.5 2.1 30.9 4.8 28.5 3.5 19.0

159.2 34.3 23.8 9.4 2.0 34.2 5.9 26.5 3.2 19.6

553 URUGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

298 269 126 62 2 64 55 143 45 81 16 29 0 29

1,338 1,127 333 182 20 151 64 794 263 502 30 211 0 211

3,114 3,045 895 699 22 196 78 2,150 567 1,576 8 69 0 69

49 0

72 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

50 37 20 7 1 13 5 18 7 10 1 13 0 13

1997

1998

1999

2000

2001

2002

2003

4,780 4,556 1,621 1,268 24 353 212 2,936 2,429 484 23 223 196 28

5,401 5,113 1,880 1,481 23 399 220 3,233 2,722 494 17 288 260 29

5,524 5,084 2,152 1,780 30 372 216 2,932 2,467 454 11 440 351 89

6,110 5,576 2,231 1,915 19 315 193 3,345 2,774 552 18 534 300 234

6,618 6,093 2,302 2,029 18 273 179 3,792 3,241 534 16 524 300 224

7,372 6,879 2,942 2,716 17 227 154 3,937 3,456 462 19 492 300 192

7,903 7,430 3,371 3,174 22 197 148 4,059 3,712 330 17 473 300 173

359 0

393 0

473 0

476 0

552 0

544 0

703 0

722 0

356 293 58 25 3 34 3 235 0 230 4 63 0 63

346 346 174 90 3 85 3 171 164 4 4 0 0 0

989 889 376 258 0 118 39 513 471 38 4 100 100 0

1,211 1,100 348 281 0 67 13 752 694 58 0 110 100 10

666 496 438 420 0 18 4 58 37 21 1 170 100 70

1,089 927 298 297 0 1 1 629 615 1 12 162 0 162

1,468 1,447 304 279 0 24 24 1,144 1,070 72 2 21 0 21

1,326 1,326 794 793 1 1 1 532 490 36 6 0 0 0

514 502 502 502 0 0 0 0 0 0 0 12 0 12

2 0

4 0

51 0

50 0

129 0

66 0

134 0

65 0

234 0

97 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

51 47 11 8 0 3 3 36 9 21 6 4 0 4

130 93 22 9 0 12 3 71 6 59 6 37 0 37

434 398 71 61 1 10 2 327 180 143 5 36 0 36

282 279 124 116 2 8 6 155 121 27 7 3 0 3

684 635 155 117 2 38 13 479 418 55 6 49 40 9

571 561 186 130 2 56 12 375 322 47 6 9 0 9

672 608 162 120 2 42 15 446 285 156 5 64 47 17

872 841 190 136 2 54 30 651 557 89 5 31 0 31

729 697 210 152 2 59 36 487 373 111 3 32 0 32

474 443 225 185 2 40 15 218 82 134 2 31 0 31

6 0

6 0

43 0

68 0

64 0

63 0

58 0

72 0

75 0

78 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-1 -10 8 -1 1 9 2 -18 -2 -11 -5 9 0 9

226 200 37 15 3 21 0 163 -6 171 -2 26 0 26

-88 -52 104 29 2 75 1 -156 -16 -139 -1 -36 0 -36

707 609 252 142 -2 110 33 357 349 11 -3 97 100 -3

527 466 193 164 -2 29 0 273 276 3 -6 61 60 1

95 -65 252 291 -2 -39 -8 -317 -285 -26 -5 160 100 60

417 319 136 178 -2 -41 -14 183 331 -155 7 98 -47 145

596 606 114 144 -1 -30 -6 492 512 -17 -3 -10 0 -10

597 629 584 641 -1 -57 -34 45 117 -75 3 -32 0 -32

40 59 277 317 -2 -40 -15 -218 -82 -134 -2 -19 0 -19

-4 0

-2 0

8 0

-17 0

65 0

3 0

76 0

-8 0

158 0

19 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

554 URUGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

17 16 4 3 0 1 1 12 3 7 1 2 0 2

121 105 23 16 0 7 2 82 30 50 2 17 0 17

318 312 61 54 0 7 2 252 61 190 1 6 0 6

344 335 96 85 1 11 4 238 192 44 2 10 8 2

332 316 112 96 0 16 3 204 163 39 2 17 15 2

377 351 130 115 0 16 4 221 183 36 1 26 21 5

505 428 147 134 0 13 4 281 182 98 1 77 29 48

416 378 147 135 0 13 5 231 187 42 2 38 26 12

397 364 135 128 0 7 3 230 205 23 1 32 26 7

223 190 148 144 1 4 3 41 23 18 1 33 26 7

2 0

7 0

27 0

28 0

29 0

33 0

42 0

38 0

29 0

28 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-18 -26 4 -4 1 8 1 -30 -5 -18 -6 7 0 7

105 95 14 0 3 14 -2 81 -36 121 -4 10 0 10

-407 -365 43 -25 1 68 -1 -408 -77 -329 -2 -42 0 -42

362 275 156 57 -2 99 29 119 157 -33 -5 88 92 -4

195 150 81 68 -2 13 -4 69 113 -36 -8 45 45 -1

-282 -416 122 176 -2 -54 -11 -538 -469 -63 -7 134 79 55

-88 -108 -10 44 -2 -54 -18 -98 149 -253 6 21 -77 97

180 228 -34 9 -2 -43 -11 262 325 -59 -4 -47 -26 -22

200 264 449 513 -1 -64 -38 -185 -89 -98 2 -64 -26 -38

-183 -131 129 173 -3 -44 -18 -260 -105 -152 -3 -52 -26 -27

-6 0

-9 0

-19 0

-45 0

36 0

-30 0

35 0

-46 0

129 0

-9 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

69 63 16 11 0 5 4 48 12 28 8 6 0 6

251 198 44 25 1 19 5 153 36 109 8 54 0 54

753 711 132 115 1 17 4 579 241 333 5 42 0 42

627 614 220 202 2 19 10 394 314 71 9 12 8 4

1,016 950 267 213 2 54 17 683 581 94 8 66 55 11

948 913 316 244 2 72 16 596 505 83 7 36 21 14

1,176 1,035 308 253 2 55 19 727 466 254 6 141 77 65

1,288 1,219 337 270 2 67 35 882 745 131 6 68 26 43

1,126 1,062 345 280 2 65 39 717 578 134 4 64 26 38

697 633 373 329 3 44 18 260 105 152 3 64 26 39

8 0

13 0

70 0

96 0

93 0

96 0

100 0

111 0

104 0

107 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

87 79 7

519 326 193

736 675 61

1,269 1,133 136

1,189 1,145 44

812 787 26

637 564 73

682 676 6

1,131 1,131 0

950 950 0

57 31 269 29

84 474 1,123 215

100 2,286 3,042 72

236 2,419 4,553 227

243 2,511 5,111 290

246 2,820 5,083 441

212 3,128 5,576 534

197 3,104 6,093 524

171 3,697 6,879 492

170 3,607 7,430 473

.. 0.3 0.4 3.4 1.0 0.0 80.8 10.6 0.0 3.5

6.7 .. .. 5.9 0.8 0.0 78.2 8.5 0.0 0.0

6.7 .. .. 4.3 0.6 0.0 81.2 7.2 0.0 0.0

6.1 .. .. 3.4 0.0 0.0 84.1 6.4 0.0 0.0

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 2.3 0.0 0.0 4.9 8.0 62.9 20.0 0.0 2.0

.. 0.3 3.6 1.1 0.2 0.0 77.9 14.7 0.0 2.2

.. 1.7 0.3 5.1 3.6 1.5 64.9 22.5 0.0 0.4

.. 4.4 0.5 5.8 1.8 0.0 65.2 22.3 0.0 0.0

.. 4.4 0.5 4.4 1.5 0.0 77.1 12.2 0.0 0.0

.. 3.8 0.4 4.6 1.4 0.0 76.7 13.1 0.0 0.0

555 URUGUAY (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 96 .. 0 0 0 85 8. DEBT STOCK-FLOW RECONCILIATION 890 -96 .. -33 795 342 -134 941 790 -120 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 -11 .. 77 -144 76 -12 .. 24 -1 25 47 9. AVERAGE TERMS OF NEW COMMITMENTS

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

3,303 3,076 0 0 0 0 0 0 0 0 0 0

701 540 0 0 0 -94 255

1,515 1,608 0 0 0 -86 -8

1,075 828 0 0 0 165 81

1,000 314 0 0 0 435 250

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 11 .. .. .. .. ..

7.9 11.9 3.0 10.4

10.1 15.3 5.9 1.0

9.1 12.9 2.4 5.1

6.7 19.3 10.2 19.2

7.1 12.0 6.4 16.4

6.3 26.0 13.1 29.0

7.8 8.5 7.0 10.7

6.3 12.3 7.9 20.2

3.2 11.4 4.5 31.0

1.7 15.7 4.7 47.7

7.1 16.2 3.8 15.4

7.9 20.6 8.0 13.5

7.8 20.1 5.0 12.9

6.7 17.4 4.0 18.5

6.7 17.6 4.4 19.1

7.0 24.8 5.5 20.6

7.2 14.8 5.2 15.7

6.3 20.8 5.3 23.8

2.8 11.6 4.1 32.6

1.7 15.7 4.7 47.7

9.5 3.9 1.6 1.1

13.0 8.4 3.2 -15.4

9.8 8.7 1.0 0.6

6.8 22.2 19.4 20.1

7.3 8.2 7.8 14.6

5.1 28.5 27.9 45.3

7.8 7.7 7.2 10.1

6.3 8.9 8.9 18.8

8.1 9.8 9.8 11.3

0.0 0.0 0.0 0.0

71 347 339 1,221 1,097 118 759 46 197 124 730 436 78 83 25 150 215 491 661 40 675 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,499 422 1,077

1,348 1,250 98

663 663 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

554 416 435

172 530 425

109 876 406

68 703 362

25 506 336

10 498 310

5 490 288

3 1,005 250

2 423 210

0 235 196

554 236 138

172 357 133

109 540 124

68 525 111

25 275 98

10 275 88

5 263 77

3 249 67

2 244 58

0 214 49

0 24 4

0 23 3

0 18 3

0 18 3

0 18 2

0 15 2

0 12 2

0 12 1

0 10 1

0 6 1

554 212 134

172 334 130

109 522 121

68 507 109

25 257 96

10 260 86

5 251 76

3 237 66

2 233 57

0 208 48

0 180 297

0 173 291

0 336 283

0 178 250

0 230 238

0 223 222

0 227 210

0 756 182

0 180 152

0 20 147

0 120 12

0 55 9

0 121 8

0 12 1

0 6 1

0 3 0

0 3 0

0 3 0

0 2 0

0 1 0

0 59 286

0 118 282

0 215 275

0 167 249

0 224 237

0 219 222

0 223 210

0 753 182

0 178 152

0 19 147

556 UZBEKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. ..

2,858 2,216 2,108 109 223 419 0 0 0 0 0 0 960

3,315 2,935 2,661 275 233 147 3 0 3 4 0 4 753

4,882 4,054 3,565 489 202 626 3 0 3 19 0 19 708

4,577 4,168 3,764 405 127 282 3 0 3 17 0 17 807

4,818 4,237 3,907 329 78 503 4 0 4 16 0 16 662

4,739 4,346 4,007 340 62 331 85 0 85 47 0 47 587

5,006 4,742 4,250 492 43 221 7 0 7 34 0 34 500

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

502 502 0 322 322 0 507 328 186 162 10 14 321 508 484 10 14

848 848 0 208 208 0 364 -275 143 127 10 6 221 351 335 10 6

1,455 1,455 0 358 333 25 1,576 479 206 177 9 20 1,370 564 510 34 20

769 769 0 646 581 65 -221 -344 235 204 9 23 -457 882 785 74 23

829 829 0 636 592 45 413 221 227 206 5 16 186 863 798 50 16

454 454 0 580 559 22 -380 -254 180 163 2 14 -559 760 722 24 14

622 622 0 662 639 23 -71 -31 151 145 1 6 -223 813 783 24 6

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

376 180 167 0 29 32 62 314

805 639 140 0 25 36 224 581

1,268 1,121 121 0 25 46 431 837

296 188 75 0 34 39 295 2

357 237 83 0 37 47 296 62

23 -104 65 0 63 74 32 -9

105 -17 70 0 52 87 26 79

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

193 162 21 -42 235

651 127 27 158 493

1,065 177 26 357 708

58 204 35 220 -163

114 206 37 217 -102

-166 163 26 -42 -124

-79 145 40 -45 -35

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

16,910 3,137 0 3,350 1,242 -164

13,541 3,400 0 3,198 .. 216

11,196 3,223 0 3,379 .. -113

9,543 3,020 0 3,023 .. 117

9,833 3,810 0 3,247 .. 882

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

155.6 28.9 18.0 6.6 1.2 25.4 4.5 12.8 16.5 7.6

134.6 33.8 25.9 6.9 1.7 .. .. 6.2 20.7 9.9

149.5 43.0 26.8 7.0 2.0 .. .. 10.4 20.9 10.8

156.9 49.7 25.2 5.9 1.9 .. .. 7.0 23.5 12.0

131.4 50.9 21.3 4.0 1.5 .. .. 4.4 26.5 12.5

3. MAJOR ECONOMIC AGGREGATES .. .. .. .. .. ..

14,570 3,998 0 4,610 .. -584

14,888 3,414 0 3,560 .. -103

4. DEBT INDICATORS .. .. .. .. .. .. .. .. .. ..

71.5 19.6 12.7 4.7 1.3 .. .. 14.7 10.0 7.3

97.1 22.3 10.3 4.2 1.0 .. .. 4.4 13.9 8.2

557 UZBEKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

2,216 2,108 1,259 209 0 1,050 285 848 0 259 589 109 0 109

2,935 2,661 1,520 271 0 1,250 462 1,140 0 312 829 275 0 275

4,054 3,565 1,969 373 1 1,596 807 1,596 0 358 1,238 489 0 489

4,168 3,764 2,117 454 2 1,663 944 1,647 0 345 1,302 405 0 405

4,237 3,907 2,243 520 6 1,723 1,002 1,664 0 319 1,345 329 0 329

4,346 4,007 2,344 570 13 1,774 1,099 1,662 0 344 1,318 340 0 340

4,742 4,250 2,566 628 18 1,938 1,308 1,684 0 294 1,390 492 0 492

.. ..

155 0

177 0

203 0

217 0

237 0

275 0

298 0

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

502 447 191 21 0 170 116 256 0 176 80 55 0 55

848 675 286 53 0 233 153 389 0 77 313 173 0 173

1,455 1,210 504 110 0 395 308 705 0 114 591 245 0 245

769 713 409 121 1 288 266 304 0 59 246 56 0 56

829 769 430 117 4 313 235 339 0 52 287 60 0 60

454 373 158 78 7 80 67 215 0 71 144 81 0 81

622 477 175 87 4 88 84 302 0 16 286 145 0 145

.. ..

.. ..

.. ..

13 0

10 0

28 0

31 0

40 0

31 0

17 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

322 314 159 67 0 92 5 155 0 13 142 8 0 8

208 201 87 3 0 85 14 114 0 28 86 7 0 7

333 303 98 6 0 92 24 204 0 57 148 30 0 30

581 441 148 29 0 119 37 293 0 66 227 140 0 140

592 457 172 38 0 133 62 285 0 74 211 135 0 135

559 488 189 44 0 144 69 300 0 61 239 71 0 71

639 588 201 52 0 150 83 387 0 81 305 51 0 51

.. ..

.. ..

.. ..

0 0

0 0

1 0

5 0

8 0

9 0

14 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

180 133 32 -46 0 78 111 101 0 164 -63 47 0 47

639 474 198 50 0 149 139 275 0 49 226 166 0 166

1,121 907 406 104 0 302 285 501 0 57 444 215 0 215

188 272 261 93 1 169 229 11 0 -7 19 -85 0 -85

237 312 258 78 4 180 173 54 0 -22 76 -75 0 -75

-104 -115 -31 33 7 -64 -3 -84 0 11 -95 10 0 10

-17 -111 -26 36 4 -62 1 -85 0 -66 -20 94 0 94

.. ..

.. ..

.. ..

13 0

10 0

27 0

27 0

31 0

21 0

3 0

5. LONG-TERM DEBT

558 UZBEKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

162 157 103 16 0 87 55 54 0 12 42 5 0 5

127 124 65 14 0 51 5 59 0 16 43 3 0 3

177 162 74 18 0 56 22 88 0 19 69 15 0 15

204 181 75 26 0 49 31 107 0 27 79 22 0 22

206 186 79 32 0 47 30 107 0 25 82 20 0 20

163 146 74 27 0 47 31 72 0 16 55 18 0 18

145 136 71 27 0 44 32 65 0 15 49 9 0 9

.. ..

.. ..

.. ..

10 0

10 0

11 0

12 0

11 0

12 0

12 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

18 -24 -71 -62 0 -9 55 47 0 152 -105 42 0 42

513 350 133 35 0 98 133 217 0 34 183 163 0 163

945 745 332 86 0 246 263 413 0 38 374 200 0 200

-16 91 186 67 1 120 198 -95 0 -35 -61 -107 0 -107

31 126 179 46 4 133 144 -53 0 -47 -6 -95 0 -95

-268 -261 -105 7 7 -112 -34 -156 0 -5 -150 -7 0 -7

-161 -247 -97 9 3 -106 -32 -150 0 -81 -69 85 0 85

.. ..

.. ..

.. ..

3 0

0 0

16 0

15 0

20 0

9 0

-9 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

484 471 262 83 0 179 60 209 0 24 184 13 0 13

335 325 153 17 0 136 19 172 0 43 129 10 0 10

510 465 172 24 0 148 46 293 0 76 217 45 0 45

785 622 223 55 0 168 68 399 0 93 306 163 0 163

798 643 251 71 0 180 91 392 0 99 293 155 0 155

722 634 263 71 0 192 101 371 0 77 294 88 0 88

783 723 272 79 0 193 115 451 0 97 355 60 0 60

.. ..

.. ..

.. ..

10 0

10 0

12 0

16 0

20 0

21 0

26 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

.. .. ..

1,046 759 288

1,768 1,109 660

1,761 1,213 548

1,283 983 300

1,127 816 311

1,333 1,132 202

1,307 1,178 129

.. .. .. ..

.. .. .. ..

.. .. .. ..

285 1,518 1,881 335

462 2,013 2,448 488

807 2,777 3,380 674

945 2,828 3,607 561

1,008 2,891 3,776 460

1,113 2,966 3,900 446

1,326 3,210 4,140 602

.. 9.1 2.4 21.2 0.0 0.0 56.7 4.9 0.0 5.7

16.2 .. .. 20.7 0.0 0.0 57.5 4.4 0.0 1.3

18.4 .. .. 20.7 0.0 0.0 54.3 4.8 0.0 1.7

20.6 .. .. 21.1 0.0 0.0 49.7 4.8 0.0 3.9

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 13.8 4.3 8.3 0.0 0.1 66.2 7.3 0.0 0.0

.. 14.5 4.4 12.3 0.0 0.1 62.1 6.5 0.0 0.1

.. 11.4 3.0 20.1 0.0 0.0 58.0 5.3 0.0 2.2

559 UZBEKISTAN (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. .. 501 0 0 .. .. 501 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 8. DEBT STOCK-FLOW RECONCILIATION 1,568 .. .. 483 457 507 364 1,576 .. .. .. .. 0 3 0 .. .. 0 0 0 .. .. 0 0 0 68 -35 .. .. -95 .. .. 71 22 27 9. AVERAGE TERMS OF NEW COMMITMENTS

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

-305 -221 0 0 0 -144 61

241 413 1 0 0 -151 -22

-79 -380 81 0 0 229 -10

267 -71 -78 0 0 279 138

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.1 11.1 2.8 17.3

5.3 12.5 3.0 22.3

4.9 12.2 3.2 24.7

6.4 14.6 3.5 19.2

4.5 13.0 2.9 25.0

3.0 22.9 6.8 47.5

3.3 14.1 2.7 30.2

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.0 15.3 3.9 22.2

4.3 16.9 4.1 31.7

3.8 17.6 5.3 37.2

6.0 17.9 4.4 24.0

4.1 22.3 4.7 39.0

3.1 26.5 7.9 53.0

4.5 21.2 4.9 36.0

.. .. .. ..

.. .. .. ..

.. .. .. ..

6.1 7.1 1.8 12.8

6.0 8.9 2.0 14.7

5.8 7.9 1.5 14.6

7.3 6.4 1.4 7.4

4.8 6.6 1.6 15.3

3.0 7.2 1.9 23.2

2.3 8.4 0.9 25.5

.. .. .. 715 1,346 1,136 315 .. .. .. 344 603 505 225 .. .. .. 371 743 631 90 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

753 307 446

552 449 103

394 176 218

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

353 978 128

322 828 113

223 727 100

161 565 95

107 439 85

71 360 76

43 295 59

10 198 52

7 180 46

3 139 40

275 397 75

287 385 74

211 374 73

159 259 70

107 212 66

71 196 61

43 202 56

10 164 50

7 158 45

3 130 39

136 302 45

137 284 40

84 272 36

52 171 32

28 127 28

14 110 25

6 114 23

1 75 20

0 73 18

0 54 16

140 95 30

150 101 34

127 101 36

107 88 38

79 86 37

57 86 36

36 88 34

9 89 30

7 85 27

3 75 23

78 581 53

36 442 39

12 354 27

3 306 25

0 227 20

0 164 15

0 93 3

0 34 2

0 23 1

0 9 1

2 72 9

1 64 7

0 54 5

0 38 3

0 33 1

0 16 1

0 12 0

0 5 0

0 1 0

0 0 0

76 509 44

35 378 32

12 299 23

3 268 23

0 193 18

0 148 15

0 80 3

0 28 2

0 21 1

0 9 1

560 VANUATU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors

.. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. ..

38.2 28.6 28.6 0.0 0.0 9.6 0.0 0.0 0.0 0.0 0.0 0.0

48.7 39.7 39.7 0.0 0.0 9.0 0.0 0.0 0.0 0.0 0.0 0.0

64.2 55.2 55.2 0.0 0.0 9.0 0.0 0.0 0.0 0.0 0.0 0.0

65.7 64.5 64.5 0.0 0.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0

74.5 73.1 73.1 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.0

71.6 70.2 70.2 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.0

90.5 76.5 76.5 0.0 0.0 14.0 0.0 0.0 0.0 0.0 0.0 0.0

94.8 79.8 79.8 0.0 0.0 15.0 0.0 0.0 0.0 0.0 0.0 0.0

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

6.5 6.5 0.0 1.0 1.0 0.0 5.7 0.1 1.5 0.7 0.0 0.7 4.2 2.4 1.7 0.0 0.7

0.8 0.8 0.0 0.7 0.7 0.0 4.1 4.0 1.2 0.4 0.0 0.8 2.9 1.9 1.1 0.0 0.8

12.1 12.1 0.0 0.5 0.5 0.0 11.6 0.0 0.9 0.4 0.0 0.5 10.6 1.4 0.9 0.0 0.5

5.7 5.7 0.0 0.7 0.7 0.0 -2.9 -7.9 0.9 0.6 0.0 0.3 -3.8 1.6 1.3 0.0 0.3

14.2 14.2 0.0 0.9 0.9 0.0 13.6 0.3 1.0 0.6 0.0 0.3 12.6 1.9 1.5 0.0 0.3

2.8 2.8 0.0 0.8 0.8 0.0 2.0 0.0 0.7 0.7 0.0 0.1 1.2 1.5 1.5 0.0 0.1

0.5 0.5 0.0 0.9 0.9 0.0 12.3 12.6 1.0 0.7 0.0 0.3 11.2 1.9 1.6 0.0 0.3

0.0 0.0 0.0 1.1 1.1 0.0 0.0 1.0 1.1 0.7 0.0 0.4 -1.1 2.1 1.8 0.0 0.4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

40.7 5.6 13.1 0.0 22.0 22.2 27.8 12.9

37.5 0.1 30.2 0.0 7.2 20.0 7.5 30.1

39.1 11.6 20.4 0.0 7.1 22.1 18.7 20.3

25.9 4.9 13.4 0.0 7.6 24.1 12.6 13.3

45.7 13.4 20.3 0.0 12.0 20.6 25.4 20.3

28.5 2.0 18.0 0.0 8.5 19.7 10.5 18.0

22.7 -0.4 15.0 0.0 8.0 19.6 7.7 15.0

25.0 -1.0 19.0 0.0 7.1 26.7 6.0 19.0

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

24.8 0.7 15.2 27.2 -2.5

8.5 0.4 28.6 7.1 1.5

18.1 0.4 20.5 18.3 -0.2

11.6 0.6 13.7 12.0 -0.4

23.1 0.6 21.9 24.7 -1.6

13.8 0.7 14.0 9.8 4.0

8.6 0.7 13.4 7.0 1.6

2.8 0.7 21.5 5.3 -2.5

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

226.1 174.9 22.0 162.5 44.7 5.8

229.0 168.9 26.0 182.6 41.4 -13.1

218.2 186.7 35.0 178.8 38.9 5.0

216.6 172.2 53.0 172.2 37.7 1.8

231.3 124.1 8.0 152.4 36.5 -17.7

279.3 145.9 9.0 182.0 43.8 -29.0

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

36.7 28.4 0.8 0.5 0.4 69.6 3.3 14.0 85.1 69.1

38.9 28.7 1.0 0.5 0.4 63.0 2.7 1.7 97.6 83.4

39.9 34.1 1.0 0.5 0.4 52.3 2.6 1.9 91.4 86.1

41.6 33.1 0.9 0.4 0.3 52.6 2.6 1.9 91.5 86.4

72.9 39.1 1.5 0.8 0.4 40.4 2.9 15.5 78.4 74.8

65.0 33.9 1.5 0.7 0.4 46.2 2.9 15.8 77.4 74.3

3. MAJOR ECONOMIC AGGREGATES 162.6 112.7 8.0 136.5 37.7 -6.2

228.0 138.5 16.0 160.6 37.3 -19.3

4. DEBT INDICATORS 33.9 23.5 2.1 1.3 0.9 98.6 3.3 25.1 60.5 41.6

35.2 21.4 1.4 0.9 0.5 76.5 2.8 18.5 80.1 59.6

561 VANUATU (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

28.6 28.6 27.1 15.9 12.9 11.3 10.3 1.5 0.0 0.0 1.5 0.0 0.0 0.0

.. ..

.. ..

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

39.7 39.7 39.6 29.0 29.0 10.5 10.0 0.2 0.0 0.0 0.2 0.0 0.0 0.0

55.2 55.2 55.1 44.3 44.3 10.8 10.3 0.1 0.0 0.0 0.1 0.0 0.0 0.0

64.5 64.5 64.5 54.8 54.8 9.7 9.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

73.1 73.1 73.1 64.1 59.5 8.9 8.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

70.2 70.2 70.2 61.9 57.4 8.4 8.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

76.5 76.5 76.5 67.6 62.4 8.8 8.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0

79.8 79.8 79.8 70.4 64.2 9.4 9.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 4.0

0.0 13.0

0.0 14.1

0.0 13.8

0.0 12.9

0.0 12.2

0.0 12.9

0.0 13.9

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

6.5 6.5 6.5 3.3 3.3 3.2 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

12.1 12.1 12.1 12.1 12.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

5.7 5.7 5.7 5.7 5.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

14.2 14.2 14.2 14.2 9.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.8 2.8 2.8 2.8 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.5 0.5 0.5 0.5 0.5 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 0.8

0.0 0.6

0.0 0.6

0.0 0.3

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.0 1.0 0.8 0.5 0.0 0.3 0.2 0.2 0.0 0.0 0.2 0.0 0.0 0.0

0.7 0.7 0.6 0.4 0.2 0.2 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

0.5 0.5 0.4 0.2 0.2 0.2 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

0.7 0.7 0.7 0.5 0.5 0.1 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0

0.9 0.9 0.9 0.5 0.5 0.4 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.8 0.8 0.8 0.5 0.5 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.9 0.9 0.9 0.6 0.6 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.1 1.1 1.1 0.7 0.6 0.4 0.3 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 0.2

0.0 0.2

0.0 0.2

0.0 0.2

0.0 0.3

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

5.6 5.6 5.8 2.8 3.3 3.0 3.0 -0.2 0.0 0.0 -0.2 0.0 0.0 0.0

0.1 0.1 0.2 0.4 0.7 -0.2 -0.1 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

11.6 11.6 11.7 11.8 11.8 -0.2 -0.1 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

4.9 4.9 5.0 5.1 5.1 -0.1 -0.1 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

13.4 13.4 13.4 13.7 9.1 -0.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2.0 2.0 2.0 2.3 2.3 -0.3 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.4 -0.4 -0.4 -0.1 -0.1 -0.3 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.0 -1.0 -1.0 -0.7 -0.6 -0.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.8

0.0 0.5

0.0 0.6

0.0 0.0

0.0 -0.2

0.0 -0.2

0.0 -0.2

0.0 -0.3

5. LONG-TERM DEBT

562 VANUATU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

0.7 0.7 0.6 0.2 0.1 0.4 0.3 0.2 0.0 0.0 0.2 0.0 0.0 0.0

0.4 0.4 0.4 0.3 0.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.4 0.4 0.4 0.3 0.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.6 0.6 0.6 0.5 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.6 0.6 0.6 0.5 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.5 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.6 0.6 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.7 0.7 0.7 0.6 0.6 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

0.0 0.1

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

4.8 4.8 5.2 2.6 3.2 2.6 2.6 -0.4 0.0 0.0 -0.4 0.0 0.0 0.0

-0.3 -0.3 -0.2 0.1 0.4 -0.3 -0.2 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

11.2 11.2 11.2 11.5 11.5 -0.3 -0.2 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

4.3 4.3 4.4 4.7 4.7 -0.3 -0.2 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0

12.7 12.7 12.7 13.2 8.6 -0.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.3 1.3 1.3 1.8 1.8 -0.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.1 -1.1 -1.1 -0.6 -0.6 -0.4 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-1.8 -1.8 -1.8 -1.3 -1.2 -0.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.8

0.0 0.4

0.0 0.5

0.0 -0.1

0.0 -0.3

0.0 -0.3

0.0 -0.3

0.0 -0.4

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1.7 1.7 1.3 0.7 0.1 0.7 0.5 0.4 0.0 0.0 0.4 0.0 0.0 0.0

1.1 1.1 1.0 0.7 0.4 0.3 0.2 0.1 0.0 0.0 0.1 0.0 0.0 0.0

0.9 0.9 0.8 0.5 0.5 0.3 0.2 0.1 0.0 0.0 0.1 0.0 0.0 0.0

1.3 1.3 1.3 1.0 1.0 0.3 0.2 0.1 0.0 0.0 0.1 0.0 0.0 0.0

1.5 1.5 1.5 1.0 1.0 0.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.5 1.5 1.5 1.0 1.0 0.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.6 1.6 1.6 1.1 1.1 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1.8 1.8 1.8 1.3 1.2 0.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0

.. ..

.. ..

0.0 0.0

0.0 0.1

0.0 0.1

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.3

0.0 0.4

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

17.2 17.2 0.0

13.1 13.1 0.0

22.0 22.0 0.0

13.8 13.8 0.0

3.4 3.4 0.0

0.5 0.5 0.0

0.0 0.0 0.0

0.0 0.0 0.0

.. .. .. ..

.. .. .. ..

23.1 0.8 28.6 0.0

39.0 0.2 39.7 0.0

54.6 0.1 55.2 0.0

64.1 0.0 64.5 0.0

68.0 0.0 73.1 0.0

65.5 0.0 70.2 0.0

71.0 0.0 76.5 0.0

73.4 0.0 79.8 0.0

.. 0.0 6.5 0.0 0.0 0.0 56.8 27.8 0.0 8.8

12.3 .. .. 0.0 0.0 0.0 55.2 29.9 0.0 2.6

13.1 .. .. 0.0 0.0 0.0 53.4 31.1 0.0 2.4

14.6 .. .. 0.0 0.0 0.0 54.6 28.6 0.0 2.3

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 0.0 35.7 0.0 0.6 0.0 22.4 30.8 0.0 10.5

.. 0.0 15.6 0.0 0.0 0.0 46.3 33.6 0.0 4.6

.. 0.0 11.8 0.0 0.0 0.0 59.9 25.1 0.0 3.3

.. 0.0 8.5 0.0 0.0 0.0 61.2 27.5 0.0 2.8

563 VANUATU (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 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 8. DEBT STOCK-FLOW RECONCILIATION 1.5 .. 7.9 0.9 15.4 5.7 4.1 11.6 -2.9 .. .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 0.0 0.0 0.0 0.0 .. 1.1 -3.9 3.2 0.6 .. 1.1 0.7 0.6 3.8 9. AVERAGE TERMS OF NEW COMMITMENTS

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 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

8.8 13.6 0.0 0.0 0.0 -4.1 -0.6

-2.9 2.0 0.0 0.0 0.0 -4.3 -0.5

18.9 12.3 0.0 0.0 0.0 5.8 0.9

4.3 0.0 0.0 0.0 0.0 7.8 -3.4

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

3.3 39.6 10.1 57.7

0.0 0.0 0.0 0.0

2.0 14.5 3.5 44.2

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

3.3 39.6 10.1 57.7

0.0 0.0 0.0 0.0

2.0 14.5 3.5 44.2

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

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 21 0 5 .. .. 0 0 21 0 5 .. .. 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

0 0 0

0 0 0

0 0 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0.0 1.6 0.7

0.0 1.6 0.7

0.0 1.8 0.8

0.0 2.0 0.8

0.0 2.5 1.2

0.0 3.0 1.2

0.0 3.1 1.1

0.0 3.1 1.1

0.0 3.6 1.0

0.0 3.6 1.0

0.0 1.6 0.7

0.0 1.6 0.7

0.0 1.8 0.8

0.0 2.0 0.8

0.0 2.5 1.2

0.0 3.0 1.2

0.0 3.1 1.1

0.0 3.1 1.1

0.0 3.6 1.0

0.0 3.6 1.0

0.0 0.4 0.1

0.0 0.4 0.1

0.0 0.4 0.1

0.0 0.4 0.1

0.0 0.3 0.1

0.0 0.3 0.1

0.0 0.3 0.1

0.0 0.3 0.1

0.0 0.7 0.1

0.0 0.7 0.0

0.0 1.2 0.6

0.0 1.2 0.6

0.0 1.4 0.7

0.0 1.7 0.7

0.0 2.1 1.2

0.0 2.7 1.1

0.0 2.8 1.1

0.0 2.8 1.0

0.0 2.9 1.0

0.0 2.9 0.9

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 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 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

564 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

1,422 954 718 236 0 468 0 0 0 0 0 0 0

29,356 13,806 10,625 3,181 0 15,550 15 0 15 37 0 37 0

33,171 28,159 24,509 3,650 3,012 2,000 0 0 0 0 0 0 2,386

35,718 29,855 27,368 2,487 1,618 4,245 127 10 117 368 77 292 3,801

37,752 34,307 28,350 5,957 1,225 2,219 100 10 91 256 77 179 1,050

37,576 34,771 27,969 6,802 741 2,063 63 8 55 121 77 44 1,277

38,152 33,880 27,748 6,132 203 4,070 59 7 52 79 68 11 1,442

36,036 31,244 25,229 6,015 0 4,792 49 3 47 5 0 5 1,457

33,986 29,395 23,377 6,018 0 4,590 52 1 51 4 0 3 1,087

34,851 30,506 24,491 6,016 0 4,344 5 2 4 11 0 10 1,149

282 282 0 67 67 0 215 0 53 53 0 0 162 120 120 0 0

4,761 4,761 0 2,973 2,973 0 5,555 3,767 3,066 1,476 0 1,590 2,489 6,038 4,448 0 1,590

4,069 2,226 1,843 1,749 1,749 0 2,036 -284 3,242 2,993 37 212 -1,206 4,991 4,742 37 212

7,538 7,538 0 6,499 6,047 452 2,572 1,532 2,314 2,020 93 201 258 8,813 8,067 545 201

7,278 7,278 0 3,580 3,134 446 1,699 -1,999 2,459 2,199 72 187 -760 6,039 5,334 518 187

3,542 3,542 0 3,252 2,801 452 171 -119 2,485 2,317 44 124 -2,315 5,738 5,118 496 124

2,303 2,303 0 3,419 2,912 507 895 2,010 2,675 2,437 28 210 -1,780 6,094 5,349 535 210

3,043 3,043 0 4,884 4,686 198 -1,108 732 2,676 2,468 6 202 -3,785 7,560 7,154 204 202

2,227 2,227 0 5,208 5,208 0 -3,186 -205 2,244 2,114 0 130 -5,430 7,452 7,322 0 130

6,854 6,854 0 6,539 6,539 0 116 -199 2,302 2,194 0 108 -2,186 8,841 8,734 0 108

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

192 215 -23 0 0 6 4 187

1,843 1,788 55 0 0 19 18 1,825

933 477 451 0 5 24 1,058 -126

9,149 1,491 6,202 1,444 12 30 140 9,010

9,344 4,144 4,985 187 28 21 1,492 7,851

4,060 741 2,890 417 12 24 321 3,739

3,552 -608 4,701 -574 34 27 202 3,350

2,072 -1,642 3,683 31 1 39 -895 2,968

-2,188 -2,981 782 -5 16 32 -613 -1,575

2,950 315 2,520 97 18 36 -589 3,538

-429 53 568 -16 -413

45 1,476 322 -18 63

-2,284 2,993 224 987 -3,272

5,477 2,020 1,652 -100 5,577

4,961 2,199 2,183 1,269 3,692

862 2,317 880 -2 865

-309 2,437 1,424 -123 -186

-2,279 2,468 1,884 -1,280 -1,000

-6,217 2,114 1,915 -939 -5,278

-1,017 2,194 1,773 -863 -154

12,865 2,833 0 2,845 1,047 -104

69,695 22,232 0 17,065 13,360 4,728

101,583 24,587 17 22,408 15,110 2,112

120,123 37,760 17 25,737 15,899 11,853

124,105 30,646 19 28,515 12,264 1,983

92,770 29,268 19 21,512 12,107 7,599

82,420 29,354 21 17,837 20,821 11,524

50.2 11.1 4.2 1.9 0.4 73.6 4.4 32.9 5.8 17.1

132.0 42.1 27.2 13.8 4.4 45.5 9.4 53.0 0.2 0.8

152.8 37.0 23.3 10.1 2.4 40.2 8.1 5.5 0.1 8.4

101.0 31.8 16.1 7.1 2.2 41.7 7.4 10.7 0.2 8.3

117.6 29.0 24.7 8.7 2.2 34.0 5.2 13.3 0.1 8.9

116.1 36.6 25.5 7.7 2.4 35.6 6.8 13.5 0.2 10.1

118.7 42.3 30.1 7.8 2.8 59.7 14.0 12.5 0.3 9.7

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

47,154 21,464 1 12,883 12,733 8,279

86,187 27,606 17 23,777 17,704 3,732

93,315 21,609 17 25,840 14,729 -4,432

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

154.5 70.3 23.3 15.1 6.9 38.4 11.9 6.0 0.3 4.9

129.4 41.4 31.9 8.4 2.7 49.6 8.9 11.9 0.2 7.0

174.7 40.5 27.9 11.4 2.6 39.0 6.8 5.9 0.2 8.2

565 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1970

1980

1990

954 718 366 244 1 122 81 352 37 237 78 236 0 236

13,806 10,625 583 227 53 355 8 10,043 1,261 8,159 622 3,181 0 3,181

28,159 24,509 1,933 1,640 12 293 73 22,577 19,644 363 2,569 3,650 0 3,650

217 0

133 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

282 216 30 21 1 9 0 186 0 140 46 67 0 67

1997

1998

1999

2000

2001

2002

2003

29,855 27,368 3,885 2,492 1 1,393 68 23,484 19,430 2,678 1,375 2,487 319 2,168

34,307 28,350 5,491 3,107 0 2,384 63 22,859 18,581 2,824 1,453 5,957 2,694 3,263

34,771 27,969 5,879 3,169 0 2,710 49 22,090 17,304 3,130 1,656 6,802 3,895 2,908

33,880 27,748 5,924 3,158 0 2,766 63 21,823 16,532 3,377 1,914 6,132 3,880 2,252

31,244 25,229 4,927 3,201 0 1,726 46 20,302 15,877 3,148 1,277 6,015 4,357 1,659

29,395 23,377 4,400 3,428 0 972 57 18,978 15,276 3,083 619 6,018 4,271 1,747

30,506 24,491 3,891 3,391 0 500 88 20,600 16,399 3,940 261 6,016 4,327 1,689

974 0

1,213 0

1,219 0

1,129 0

972 0

839 0

670 0

484 0

4,761 2,870 88 3 2 85 0 2,782 276 2,362 144 1,891 0 1,891

2,226 2,226 1,103 1,035 0 69 15 1,122 599 26 497 0 0 0

7,538 6,640 600 176 0 425 0 6,040 4,515 943 582 898 200 698

7,278 3,368 1,930 846 0 1,084 0 1,438 500 540 397 3,910 2,450 1,460

3,542 2,128 869 415 0 453 0 1,260 0 742 518 1,413 1,213 200

2,303 2,303 782 399 0 382 24 1,522 462 639 421 0 0 0

3,043 2,543 486 418 0 68 7 2,057 763 1,183 111 500 500 0

2,227 1,653 597 532 0 65 14 1,057 212 777 68 574 0 574

6,854 5,889 407 357 0 50 32 5,482 3,763 1,639 80 965 0 965

15 0

0 0

840 0

91 0

188 0

119 0

50 0

78 0

42 0

23 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

67 42 26 13 0 13 4 16 1 5 10 25 0 25

2,973 1,738 69 34 5 35 6 1,668 13 1,324 331 1,235 0 1,235

1,749 1,576 50 9 4 41 0 1,526 254 706 566 173 0 173

6,047 5,822 473 271 1 201 25 5,349 4,891 113 345 225 15 210

3,134 2,694 466 289 1 177 8 2,228 1,467 430 331 440 75 365

2,801 2,245 560 353 0 207 8 1,686 1,038 358 290 555 0 555

2,912 2,256 613 356 0 257 7 1,643 1,119 370 155 655 0 655

4,686 4,072 1,382 330 0 1,052 7 2,690 1,018 960 712 613 20 593

5,208 4,208 1,225 384 0 841 4 2,982 1,178 1,077 727 1,000 100 900

6,539 5,569 1,014 473 0 540 5 4,556 3,057 1,043 455 970 0 970

10 0

23 0

0 0

172 0

179 0

208 0

208 0

211 0

211 0

210 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

215 174 4 8 1 -4 -3 169 -1 134 36 41 0 41

1,788 1,132 18 -31 -2 50 -6 1,114 263 1,038 -187 656 0 656

477 650 1,054 1,026 -4 28 15 -404 345 -680 -69 -173 0 -173

1,491 818 128 -96 -1 223 -25 691 -376 830 237 673 185 488

4,144 674 1,464 557 -1 907 -8 -791 -967 110 67 3,470 2,375 1,095

741 -117 309 63 0 246 -8 -426 -1,038 384 228 858 1,213 -355

-608 47 169 43 0 126 17 -122 -657 270 266 -655 0 -655

-1,642 -1,529 -896 89 0 -985 -1 -633 -255 222 -601 -113 480 -593

-2,981 -2,555 -629 148 0 -776 9 -1,926 -966 -300 -659 -426 -100 -326

315 320 -607 -116 0 -491 27 926 706 596 -375 -5 0 -5

6 0

-22 0

840 0

-81 0

9 0

-90 0

-158 0

-133 0

-169 0

-187 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

566 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

53 40 20 15 0 5 3 20 3 16 2 13 0 13

1,476 1,219 36 18 2 18 1 1,183 61 1,052 70 257 0 257

2,993 2,593 71 59 0 12 0 2,522 135 2,198 189 400 0 400

2,020 1,832 240 191 0 49 4 1,593 1,422 126 46 188 11 177

2,199 1,937 223 181 0 42 4 1,714 1,501 160 54 262 31 231

2,317 1,909 323 247 0 76 3 1,586 1,376 166 44 408 200 208

2,437 1,869 325 255 0 71 3 1,544 1,327 169 48 568 304 264

2,468 2,110 384 237 0 147 1 1,726 1,325 285 115 358 303 55

2,114 1,770 326 230 0 96 1 1,444 977 393 74 344 339 5

2,194 1,843 275 220 0 55 9 1,568 1,051 487 31 351 337 14

13 0

12 0

19 0

87 0

76 0

88 0

91 0

75 0

53 0

33 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

162 134 -16 -7 1 -9 -6 150 -4 119 34 28 0 28

312 -87 -17 -50 -4 32 -6 -69 202 -15 -256 399 0 399

-2,516 -1,943 983 967 -5 16 15 -2,926 210 -2,878 -258 -573 0 -573

-529 -1,014 -112 -286 -1 174 -29 -902 -1,797 704 191 485 174 311

1,944 -1,263 1,241 376 -1 865 -12 -2,505 -2,468 -50 13 3,208 2,344 864

-1,576 -2,026 -14 -184 0 171 -11 -2,012 -2,413 217 184 450 1,013 -564

-3,045 -1,822 -157 -212 0 55 14 -1,665 -1,984 101 218 -1,223 -304 -919

-4,110 -3,639 -1,281 -148 0 -1,132 -2 -2,359 -1,580 -63 -716 -471 177 -648

-5,095 -4,325 -955 -83 0 -872 9 -3,370 -1,944 -693 -733 -770 -439 -331

-1,880 -1,523 -881 -336 0 -546 19 -642 -345 109 -405 -356 -337 -19

-7 0

-35 0

821 0

-168 0

-68 0

-178 0

-249 0

-208 0

-222 0

-220 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

120 82 46 27 0 18 6 36 4 21 11 38 0 38

4,448 2,956 105 52 7 53 6 2,851 74 2,377 401 1,492 0 1,492

4,742 4,169 121 68 5 53 0 4,048 389 2,905 755 573 0 573

8,067 7,654 712 462 1 250 29 6,942 6,312 239 391 413 26 387

5,334 4,631 689 470 1 219 12 3,942 2,968 590 384 702 106 596

5,118 4,154 883 600 0 283 11 3,272 2,413 524 334 964 200 764

5,349 4,125 938 611 0 327 10 3,187 2,446 538 203 1,223 304 919

7,154 6,183 1,766 567 0 1,200 9 4,416 2,343 1,246 828 971 323 648

7,322 5,978 1,551 615 0 937 5 4,427 2,155 1,470 801 1,344 439 905

8,734 7,412 1,288 693 0 596 13 6,124 4,108 1,530 486 1,321 337 984

22 0

35 0

19 0

259 0

256 0

297 0

299 0

287 0

264 0

243 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

196 106 90

364 101 263

2,985 1,566 1,419

5,599 3,327 2,272

6,039 3,260 2,779

4,152 2,404 1,748

3,320 1,807 1,512

4,328 1,619 2,709

4,824 1,574 3,250

6,879 1,238 5,641

82 255 682 272

61 11,224 10,288 3,518

85 17,448 24,509 3,650

69 17,814 26,888 2,967

63 20,298 27,876 6,431

49 19,777 27,507 7,264

63 17,768 27,298 6,581

46 16,054 24,792 6,452

57 15,805 23,132 6,264

88 13,147 24,179 6,327

10.7 .. .. 1.3 0.7 0.4 80.6 6.2 0.0 0.1

13.9 .. .. 1.3 0.7 0.4 76.6 7.1 0.0 0.1

16.0 .. .. 1.1 0.6 0.4 75.3 6.5 0.0 0.1

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 5.2 1.5 0.0 0.1 4.6 54.3 32.0 0.0 2.3

.. 7.8 1.9 4.9 0.0 0.0 82.8 2.3 0.0 0.3

.. 6.9 4.1 0.6 1.5 0.9 78.2 6.5 0.0 1.3

.. 7.3 1.4 3.1 1.3 0.5 75.6 9.1 0.0 1.8

.. 5.1 1.1 2.8 1.1 0.5 82.7 5.0 0.0 1.6

.. 4.2 1.1 2.7 1.0 0.4 84.0 5.2 0.0 1.3

.. 3.3 1.2 1.9 0.8 0.4 83.8 5.5 0.0 3.1

567 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 17,659 0 0 0 .. 17,630 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 .. 2,361 4,400 0 0 .. 634 4,000 0 0 8. DEBT STOCK-FLOW RECONCILIATION .. 792 1,228 2,034 -176 5,555 2,036 2,572 1,699 171 .. -6 -21 -27 -38 .. 0 0 0 0 .. -1,727 -400 0 0 .. 379 -961 433 -252 .. 110 38 -72 -57 9. AVERAGE TERMS OF NEW COMMITMENTS

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

577 895 -4 0 0 -328 13

-2,116 -1,108 -10 0 0 -240 -758

-2,050 -3,186 3 0 0 681 452

865 116 -47 0 0 815 -18

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 215 .. .. .. .. ..

7.2 8.3 1.9 11.0

12.1 7.7 3.1 -8.5

8.2 14.5 5.6 9.5

7.8 16.3 13.2 9.0

7.9 9.5 1.5 7.0

7.5 8.4 3.7 15.6

8.1 8.0 2.6 6.2

8.1 8.9 5.3 2.4

5.1 8.6 1.7 16.9

6.0 8.3 7.2 12.3

8.0 17.7 2.9 9.4

8.3 12.4 2.7 7.1

7.8 15.6 4.9 11.8

6.7 9.7 2.2 11.9

7.0 10.2 2.5 11.4

2.0 25.5 8.4 63.6

8.0 12.7 2.6 9.9

5.7 11.3 3.4 19.0

4.6 12.9 2.3 25.1

11.7 26.5 3.7 1.2

7.0 6.8 1.7 11.3

12.3 7.5 3.1 -9.3

8.5 13.6 6.1 7.8

8.0 18.1 16.2 8.2

8.7 8.9 0.5 2.4

9.0 3.6 2.4 1.9

8.2 6.3 2.6 5.0

8.5 8.5 5.6 -0.1

5.4 6.8 1.4 13.5

5.9 8.0 7.3 12.4

188 2,769 3,209 10,455 3,944 381 1,671 25 133 1,362 2,225 2,005 84 430 163 2,636 1,847 8,231 1,939 297 1,241 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

3,605 485 3,120

2,016 591 1,425

7,782 115 7,666

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

4,177 4,875 2,198

1,608 3,247 2,141

682 2,468 1,944

298 2,636 1,846

60 3,174 1,707

33 880 1,475

11 3,070 1,424

4 2,103 1,210

2 1,346 1,132

0 2,047 1,063

435 893 218

372 770 182

213 552 152

119 516 128

52 449 103

30 380 83

11 368 65

4 331 47

2 257 34

0 235 23

66 249 21

68 174 11

27 52 6

16 31 5

9 22 4

4 20 3

2 20 2

0 15 2

0 14 1

0 14 1

369 643 197

304 596 171

186 500 146

103 485 123

43 427 100

26 360 80

9 348 63

4 315 46

2 243 33

0 220 22

3,742 3,983 1,980

1,236 2,477 1,959

469 1,917 1,792

178 2,120 1,718

7 2,725 1,603

3 500 1,392

0 2,702 1,360

0 1,773 1,162

0 1,089 1,098

0 1,812 1,040

2,018 1,030 363

1,130 875 348

417 722 325

159 804 286

0 391 254

0 314 238

0 240 225

0 1,470 194

0 348 149

0 931 142

198 2,953 1,617

106 1,601 1,611

52 1,195 1,467

19 1,316 1,432

7 2,335 1,349

3 186 1,154

0 2,462 1,134

0 302 969

0 741 948

0 882 898

568 VIETNAM (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. 0 .. .. .. .. .. .. .. ..

.. .. .. .. 0 .. .. .. .. .. .. .. ..

23,270 21,378 21,378 0 112 1,780 1,530 859 671 2,011 1,091 920 431

21,777 18,982 18,982 0 452 2,342 1,391 1,391 0 7,359 7,359 1 985

22,458 19,874 19,874 0 391 2,193 1,545 1,543 2 8,043 8,039 4 1,261

23,210 20,479 20,479 0 355 2,376 1,689 1,686 2 8,596 8,587 9 1,046

12,820 11,581 11,581 0 316 923 78 76 2 1,378 1,372 6 522

12,576 11,427 11,427 0 366 783 79 77 2 1,378 1,370 8 614

13,324 12,159 12,159 0 381 784 79 76 2 1,376 1,370 6 832

15,817 14,189 14,189 0 339 1,289 82 80 3 1,379 1,372 7 932

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

13 13 0 104 99 5 -95 -4 70 46 0 23 -165 174 146 5 23

1,205 1,205 0 589 535 54 554 -62 325 268 9 47 229 914 804 63 47

1,267 1,267 0 667 589 78 298 -303 429 387 6 36 -131 1,096 975 84 36

1,066 1,066 0 1,050 1,024 26 55 39 362 326 3 33 -307 1,412 1,350 29 33

1,268 1,268 0 958 937 21 468 158 352 298 3 51 116 1,310 1,234 24 51

1,292 1,187 105 835 791 44 316 -141 384 354 2 28 -68 1,219 1,145 46 28

905 851 54 895 827 68 12 2 301 276 2 23 -290 1,196 1,103 70 23

1,547 1,547 0 505 432 73 1,544 502 300 269 2 29 1,244 805 701 75 29

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. ..

189 -86 180 0 96 98 9 180

3,144 670 2,220 0 254 210 632 2,512

2,586 679 1,671 0 236 204 1,280 1,305

1,717 43 1,412 0 263 204 1,086 631

1,865 331 1,298 0 236 246 1,273 592

1,959 395 1,300 0 264 250 1,252 707

1,666 24 1,400 0 242 248 911 755

2,883 1,115 1,450 0 318 291 1,691 1,192

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

.. .. .. .. ..

143 46 0 -17 160

2,573 268 303 545 2,028

1,809 387 390 1,166 643

924 326 467 1,022 -97

956 298 611 1,196 -239

963 354 642 1,069 -105

640 276 750 723 -83

1,684 269 930 1,487 197

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. .. .. .. ..

28,302 14,175 0 14,179 3,326 1,177

30,726 17,481 0 18,107 3,417 1,106

32,248 18,155 2,000 18,723 3,675 682

35,086 19,821 2,714 22,346 4,121 -604

39,157 23,542 2,700 27,877 6,224 ..

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

163.7 82.0 10.0 2.6 1.3 14.3 2.8 10.2 24.0 6.9

73.3 41.7 7.5 2.0 1.1 26.6 2.3 7.2 61.3 14.8

69.3 39.0 6.7 2.1 1.2 29.2 2.4 6.2 66.4 17.6

67.2 38.0 6.0 1.5 0.9 30.9 2.2 5.9 72.4 21.5

67.2 40.4 3.4 1.3 0.8 39.4 2.7 8.2 73.8 24.8

3. MAJOR ECONOMIC AGGREGATES 6,060 .. 0 .. .. ..

26,352 11,851 0 14,264 1,986 -1,528

26,708 12,104 0 14,300 2,002 -1,074

4. DEBT INDICATORS .. 384.0 .. .. 1.2 .. .. 7.7 84.9 0.6

183.8 82.6 7.7 2.7 1.2 9.1 1.7 10.8 15.3 3.8

185.5 84.1 9.1 3.5 1.6 8.9 1.7 9.8 20.0 5.7

569 VIETNAM (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

21,378 21,378 20,171 130 103 20,041 19,646 1,207 0 684 523 0 0 0

0 0

0 2

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

18,982 18,982 14,241 827 819 13,413 2,504 4,742 560 3,458 724 0 0 0

19,874 19,874 15,446 1,270 1,252 14,176 3,235 4,428 560 3,112 756 0 0 0

20,479 20,479 16,817 1,606 1,584 15,211 3,975 3,663 560 2,300 803 0 0 0

11,581 11,581 8,677 1,895 1,846 6,782 6,015 2,904 560 1,664 680 0 0 0

11,427 11,427 9,165 2,210 2,156 6,955 6,193 2,262 560 1,076 627 0 0 0

12,159 12,159 10,507 2,869 2,794 7,638 6,848 1,652 560 527 565 0 0 0

14,189 14,189 12,745 3,926 3,852 8,819 7,828 1,444 560 380 504 0 0 0

0 59

0 569

0 851

0 989

0 1,113

0 1,344

0 1,715

0 2,472

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

13 13 13 4 0 9 8 0 0 0 0 0 0 0

1,205 1,205 564 346 338 217 208 641 0 177 465 0 0 0

1,267 1,267 1,132 392 384 739 697 136 0 54 82 0 0 0

1,066 1,066 912 342 338 570 541 155 0 16 139 0 0 0

1,268 1,268 1,172 395 367 777 733 96 0 11 86 0 0 0

1,187 1,187 1,093 435 430 657 625 94 0 36 58 0 0 0

851 851 803 466 444 337 318 48 0 27 21 0 0 0

1,547 1,547 1,526 757 757 768 578 21 0 19 2 0 0 0

0 0

0 1

0 0

0 181

0 254

0 158

0 174

0 278

0 261

0 567

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

99 99 99 3 3 96 43 0 0 0 0 0 0 0

535 535 186 6 6 179 56 350 0 330 19 0 0 0

589 589 88 5 5 83 44 501 0 428 74 0 0 0

1,024 1,024 88 6 6 83 58 936 0 829 107 0 0 0

937 937 134 6 6 128 93 802 0 617 185 0 0 0

791 791 104 5 5 98 70 688 0 596 91 0 0 0

827 827 134 4 4 130 101 693 0 596 97 0 0 0

432 432 153 9 6 144 115 279 0 191 87 0 0 0

0 0

0 0

0 1

0 1

0 1

0 2

0 2

0 2

0 2

0 2

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-86 -86 -86 1 -3 -87 -36 0 0 0 0 0 0 0

670 670 378 340 331 38 152 292 0 -154 445 0 0 0

679 679 1,044 387 379 657 653 -366 0 -373 8 0 0 0

43 43 824 336 332 487 482 -781 0 -813 32 0 0 0

331 331 1,037 389 361 648 641 -706 0 -606 -100 0 0 0

395 395 989 430 425 559 555 -593 0 -560 -33 0 0 0

24 24 669 462 440 207 217 -645 0 -569 -76 0 0 0

1,115 1,115 1,373 748 750 625 463 -258 0 -172 -85 0 0 0

0 0

0 1

0 -1

0 180

0 253

0 156

0 173

0 277

0 259

0 565

5. LONG-TERM DEBT

570 VIETNAM (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

46 46 26 2 0 24 3 20 0 4 16 0 0 0

268 268 87 5 5 82 52 181 0 164 17 0 0 0

387 387 114 8 8 106 53 273 12 232 29 0 0 0

326 326 64 12 12 52 37 261 23 196 43 0 0 0

298 298 77 14 13 63 48 220 23 153 44 0 0 0

354 354 184 20 18 163 145 170 23 115 32 0 0 0

276 276 188 22 20 166 148 88 22 38 29 0 0 0

269 269 203 29 27 174 155 66 22 19 25 0 0 0

0 0

0 0

0 0

0 3

0 5

0 7

0 7

0 8

0 11

0 15

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

-133 -133 -112 -1 -3 -111 -39 -20 0 -4 -16 0 0 0

401 401 290 334 326 -44 99 111 0 -318 428 0 0 0

292 292 930 379 371 551 600 -638 -12 -605 -21 0 0 0

-283 -283 759 325 321 435 445 -1,042 -23 -1,008 -11 0 0 0

34 34 960 375 348 585 593 -926 -23 -760 -143 0 0 0

41 41 805 409 407 396 410 -764 -23 -675 -66 0 0 0

-252 -252 481 440 420 42 69 -733 -22 -607 -104 0 0 0

846 846 1,169 719 724 451 308 -323 -22 -192 -110 0 0 0

0 0

0 1

0 -1

0 177

0 248

0 150

0 165

0 268

0 248

0 550

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

146 146 125 5 3 120 47 20 0 4 16 0 0 0

804 804 273 12 12 261 108 530 0 494 36 0 0 0

975 975 201 13 13 188 97 774 12 659 103 0 0 0

1,350 1,350 153 18 17 135 95 1,197 23 1,024 150 0 0 0

1,234 1,234 212 20 19 192 140 1,023 23 770 229 0 0 0

1,145 1,145 287 26 23 262 215 858 23 711 123 0 0 0

1,103 1,103 322 27 24 295 249 781 22 634 125 0 0 0

701 701 356 38 33 318 270 344 22 211 112 0 0 0

0 0

0 0

0 1

0 4

0 5

0 8

0 9

0 10

0 12

0 17

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

.. .. ..

155 89 66

8,604 8,337 266

5,637 5,334 303

6,518 6,220 298

5,829 5,630 199

5,678 5,566 112

6,711 6,650 61

7,414 7,402 11

.. .. .. ..

.. .. .. ..

19,750 847 21,378 0

3,323 3,498 18,982 0

4,488 3,287 19,874 0

5,560 2,561 20,479 0

7,861 1,981 11,581 0

8,349 1,373 11,427 0

9,642 838 12,159 0

11,680 690 14,189 0

6.9 .. .. 24.9 0.1 0.0 41.3 5.2 0.4 21.0

8.0 .. .. 27.7 0.1 0.0 38.3 5.6 0.4 19.9

7.9 .. .. 29.1 0.1 0.0 39.9 5.5 0.4 17.2

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. .. ..

.. 1.7 1.0 2.0 0.2 0.0 5.5 0.2 0.0 89.3

.. 0.9 1.6 5.4 0.1 0.1 30.7 1.1 0.1 60.1

.. 0.9 1.9 8.9 0.1 0.0 29.4 1.8 0.1 56.9

.. 0.7 2.3 11.9 0.1 0.0 26.9 2.6 0.2 55.4

.. 1.0 3.9 23.5 0.1 0.1 43.3 5.1 0.3 22.7

571 VIETNAM (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 5 1,631 8,759 0

0 0 0 0 0 0 0 0 0 77 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

752 55 144 0 0 116 438

-10,390 468 -1,611 0 -8,763 -457 -27

-244 316 1 0 0 -524 -37

748 12 0 0 0 674 63

2,493 1,544 4 0 0 951 -6

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. 410 887 15 .. 0 0 0 .. 0 407 5 .. 0 12 5 .. 0 395 0 .. 0 303 5 .. 0 0 5 .. 0 303 0 .. 0 0 0 .. 0 0 0 .. 0 249 0 .. 0 31 0 8. DEBT STOCK-FLOW RECONCILIATION -4,479 681 .. 2,565 554 298 .. -95 154 .. 372 -1,350 5 .. 0 303 .. 0 -218 0 183 .. 1,793 -335 -3,432 42 .. 495 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

.. .. .. ..

5.7 9.6 4.2 19.9

3.2 27.1 7.6 52.6

2.4 29.1 8.2 59.5

2.3 34.0 9.1 63.9

1.4 36.1 9.6 73.2

1.0 38.7 9.7 77.2

1.3 35.0 9.4 72.6

1.9 28.0 7.7 60.3

.. .. .. ..

.. .. .. ..

5.7 9.6 4.2 19.9

2.1 32.5 9.6 65.5

2.0 30.8 8.9 63.5

1.9 36.2 9.6 68.7

1.4 36.1 9.6 73.2

1.0 38.7 9.7 77.2

1.3 35.0 9.4 72.6

1.9 28.0 7.7 60.3

.. .. .. ..

.. .. .. ..

0.0 0.0 0.0 0.0

7.0 9.8 1.1 11.1

5.6 12.2 1.6 19.8

6.2 13.2 3.6 18.2

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

.. .. 11 2,027 1,833 1,624 1,191 .. .. 11 1,547 1,663 1,468 1,191 .. .. 0 481 170 156 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

1,569 1,569 0

1,373 1,373 0

1,642 1,642 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2,071 397 306

1,825 462 323

1,256 504 329

855 580 345

571 669 335

358 707 326

217 752 310

119 770 294

69 784 278

33 822 260

2,061 249 248

1,823 310 273

1,256 367 286

855 462 309

571 569 304

358 617 299

217 680 288

119 710 273

69 725 260

33 765 244

1,520 225 211

1,301 271 226

806 313 234

470 390 250

241 478 242

122 499 231

52 541 219

4 553 204

2 556 192

0 590 178

541 24 37

522 39 46

450 54 52

385 72 59

330 90 61

235 118 68

165 138 69

115 157 69

67 169 68

33 176 66

10 147 58

2 152 50

0 138 43

0 118 36

0 101 31

0 91 26

0 73 23

0 60 20

0 59 18

0 56 16

0 45 14

0 43 12

0 38 10

0 30 8

0 24 7

0 23 6

0 22 5

0 20 4

0 20 3

0 19 2

10 102 44

2 109 38

0 100 33

0 88 28

0 76 24

0 67 21

0 51 18

0 40 16

0 39 15

0 37 14

572 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

.. .. .. .. 0 .. .. .. .. .. .. .. ..

1,684 1,453 1,453 0 48 182 0 0 0 7 3 4 0

6,352 5,160 5,160 0 0 1,192 192 131 61 845 383 463 338

3,874 3,434 3,434 0 250 190 70 50 20 632 469 163 143

5,733 5,232 5,232 0 336 165 25 25 0 257 256 0 90

6,194 5,372 5,372 0 408 413 26 25 1 274 273 1 71

5,075 4,059 4,059 0 317 699 27 25 2 289 288 1 80

5,087 4,277 4,277 0 374 436 24 22 2 245 243 2 87

5,225 4,497 4,497 0 386 341 26 22 4 261 255 5 88

5,377 4,746 4,746 0 401 229 46 41 6 318 308 10 235

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

.. .. 0 .. .. 0 .. .. .. .. 0 .. .. .. .. 0 ..

576 566 10 35 25 11 546 6 37 10 2 25 509 73 35 13 25

305 305 0 81 79 1 386 161 88 28 0 60 297 169 108 1 60

286 147 140 60 60 0 219 -7 38 26 7 5 181 98 86 7 5

303 231 72 119 119 0 204 20 77 70 0 7 127 197 189 0 7

343 228 115 99 65 34 491 247 79 57 9 13 412 178 122 43 13

136 136 0 153 81 71 268 285 91 45 10 35 178 243 126 81 35

278 156 121 184 132 53 -167 -260 75 49 6 20 -241 259 181 59 20

149 149 0 110 92 18 -57 -97 61 47 3 11 -119 171 139 21 11

159 159 0 118 99 19 -92 -132 58 51 3 4 -149 176 150 22 4

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

.. .. .. .. .. .. .. ..

944 542 34 0 368 62 847 97

333 226 -131 0 238 106 303 30

82 87 -139 0 133 65 221 -138

18 112 -219 0 125 58 235 -218

12 163 -308 0 157 50 315 -303

224 55 6 0 163 51 218 6

274 25 155 0 94 57 126 148

283 57 114 0 112 57 169 114

100 60 -89 0 129 54 189 -89

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

.. .. .. .. ..

934 10 0 838 96

21 28 283 279 -259

-499 26 554 194 -693

-373 70 321 167 -540

-706 57 662 259 -965

-677 45 855 173 -850

-575 49 800 77 -652

-603 47 840 122 -725

-896 51 945 138 -1,034

Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

.. .. .. .. .. ..

.. .. 0 .. .. ..

6,143 2,950 1,202 3,395 1,010 -318

6,991 3,941 1,223 3,591 1,486 550

8,638 5,446 1,288 4,221 2,914 1,337

8,851 5,006 1,295 4,318 3,672 667

9,218 5,216 1,294 4,767 4,428 538

10,042 5,621 1,270 5,569 5,008 149

EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

.. .. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. 10.8 72.0 15.0

194.4 93.3 6.7 2.6 1.3 17.6 3.6 2.9 85.7 28.2

157.1 88.6 4.5 2.0 1.1 24.0 5.0 6.7 81.8 28.3

93.2 58.8 4.5 1.7 1.1 57.4 8.3 13.8 77.3 33.0

101.6 57.5 5.2 1.5 0.8 72.2 10.2 8.6 82.0 32.6

100.2 56.7 3.3 1.2 0.7 84.7 11.1 6.5 84.1 34.8

95.7 53.5 3.1 1.0 0.6 93.1 10.8 4.3 86.1 37.8

3. MAJOR ECONOMIC AGGREGATES 4,792 3,026 1,498 2,579 441 739

6,335 3,720 1,169 3,755 1,218 22

4. DEBT INDICATORS 209.9 132.6 5.6 2.9 1.8 6.9 2.1 18.8 50.7 16.2

104.1 61.1 2.6 1.0 0.6 31.4 3.9 4.9 79.6 35.9

573 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1,453 1,453 1,238 253 253 985 961 216 0 0 216 0 0 0

5,160 5,160 3,502 1,026 990 2,476 2,231 1,658 0 80 1,578 0 0 0

0 0

0 137

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

1997

1998

1999

2000

2001

2002

2003

3,434 3,434 3,252 1,391 1,331 1,861 1,751 182 0 80 102 0 0 0

5,232 5,232 5,148 1,616 1,523 3,532 3,391 83 0 61 22 0 0 0

5,372 5,372 5,300 1,754 1,658 3,546 3,406 72 0 57 15 0 0 0

4,059 4,059 3,996 1,676 1,636 2,320 2,289 63 0 53 10 0 0 0

4,277 4,277 4,227 1,658 1,630 2,569 2,542 50 0 50 0 0 0 0

4,497 4,497 4,438 1,820 1,800 2,618 2,596 59 0 59 0 0 0 0

4,746 4,746 4,675 2,032 2,015 2,643 2,615 71 0 71 0 0 0 0

0 602

0 934

0 1,075

0 1,216

0 1,216

0 1,237

0 1,384

0 1,567

566 566 501 65 65 436 426 65 0 0 65 0 0 0

305 305 139 56 55 84 84 166 0 0 166 0 0 0

147 147 147 145 134 2 2 0 0 0 0 0 0 0

231 231 229 200 187 29 29 2 0 2 0 0 0 0

228 228 223 221 210 2 2 5 0 5 0 0 0 0

136 136 136 111 102 25 24 0 0 0 0 0 0 0

156 156 156 117 117 39 35 0 0 0 0 0 0 0

149 149 149 125 125 25 23 0 0 0 0 0 0 0

159 159 159 138 138 20 16 0 0 0 0 0 0 0

0 0

0 28

0 27

0 89

0 121

0 173

0 65

0 77

0 83

0 89

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

25 25 23 3 3 20 16 2 0 0 2 0 0 0

79 79 74 41 26 34 34 5 0 0 5 0 0 0

60 60 60 60 55 0 0 0 0 0 0 0 0 0

119 119 119 112 87 7 7 0 0 0 0 0 0 0

65 65 65 55 49 10 10 0 0 0 0 0 0 0

81 81 81 60 52 20 20 0 0 0 0 0 0 0

132 132 125 69 59 56 54 7 0 1 6 0 0 0

92 92 92 62 53 30 29 0 0 0 0 0 0 0

99 99 99 61 56 38 38 0 0 0 0 0 0 0

0 0

0 0

0 2

0 10

0 11

0 12

0 14

0 17

0 19

0 23

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

542 542 478 62 62 416 410 63 0 0 63 0 0 0

226 226 65 15 29 50 50 161 0 0 161 0 0 0

87 87 87 86 78 2 2 0 0 0 0 0 0 0

112 112 110 88 99 22 22 2 0 2 0 0 0 0

163 163 158 166 160 -9 -9 5 0 5 0 0 0 0

55 55 55 50 50 5 4 0 0 0 0 0 0 0

25 25 31 48 58 -17 -18 -7 0 -1 -6 0 0 0

57 57 57 63 72 -6 -6 0 0 0 0 0 0 0

60 60 60 77 83 -17 -22 0 0 0 0 0 0 0

0 0

0 28

0 25

0 79

0 111

0 160

0 51

0 60

0 64

0 66

5. LONG-TERM DEBT

574 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

10 10 9 5 5 4 4 1 0 0 1 0 0 0

28 28 23 14 12 9 9 5 0 0 5 0 0 0

26 26 26 21 17 6 0 0 0 0 0 0 0 0

70 70 68 32 27 36 27 2 0 1 0 0 0 0

57 57 56 20 18 36 34 1 0 1 0 0 0 0

45 45 45 21 19 24 22 0 0 0 0 0 0 0

49 49 48 21 19 27 25 1 0 0 0 0 0 0

47 47 47 21 20 25 24 0 0 0 0 0 0 0

51 51 51 23 22 28 27 0 0 0 0 0 0 0

0 0

0 1

0 3

0 7

0 7

0 8

0 9

0 9

0 10

0 11

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

531 531 469 57 57 412 405 62 0 0 62 0 0 0

197 197 42 1 17 41 41 156 0 0 156 0 0 0

61 61 61 65 61 -4 2 0 0 0 0 0 0 0

42 42 42 56 72 -14 -5 0 0 0 0 0 0 0

106 106 102 146 142 -44 -43 4 0 4 0 0 0 0

10 10 10 29 31 -19 -19 -1 0 -1 0 0 0 0

-24 -24 -17 26 39 -43 -44 -7 0 -1 -6 0 0 0

10 10 10 41 52 -31 -30 0 0 0 0 0 0 0

9 9 9 54 61 -45 -49 0 0 0 0 0 0 0

0 0

0 27

0 22

0 72

0 104

0 152

0 42

0 51

0 54

0 55

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

.. .. .. .. .. .. .. .. .. .. .. .. .. ..

35 35 32 7 7 24 21 3 0 0 3 0 0 0

108 108 97 55 38 43 43 10 0 0 10 0 0 0

86 86 86 81 72 6 0 0 0 0 0 0 0 0

189 189 188 144 115 43 34 2 0 1 0 0 0 0

122 122 121 75 67 46 44 1 0 1 0 0 0 0

126 126 126 82 71 44 43 1 0 1 0 0 0 0

181 181 173 90 78 83 79 7 0 1 6 0 0 0

139 139 139 83 72 55 53 0 0 0 0 0 0 0

150 150 150 84 78 66 65 0 0 0 0 0 0 0

0 0

0 1

0 6

0 16

0 18

0 20

0 23

0 26

0 29

0 34

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

.. .. ..

1,598 1,261 336

1,665 1,215 450

776 776 0

790 784 6

706 706 0

736 736 0

819 819 0

914 914 0

900 900 0

.. .. .. ..

1,213 0 1,453 0

3,221 80 5,160 0

3,082 80 3,434 0

4,914 8 5,232 0

5,064 8 5,372 0

3,925 8 4,059 0

4,171 3 4,277 0

4,396 3 4,497 0

4,630 3 4,746 0

.. 0.0 2.2 7.8 0.3 0.0 67.9 0.2 5.6 15.9

2.7 .. .. 5.9 0.1 0.0 64.6 0.2 5.2 21.4

1.5 .. .. 7.3 0.1 0.0 65.2 0.2 5.3 20.3

1.8 .. .. 7.6 0.1 0.0 65.4 0.2 5.4 19.5

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. .. .. .. .. .. .. .. .. ..

.. 0.0 1.5 0.6 3.2 2.8 22.4 0.1 0.0 69.5

.. 0.0 0.8 4.4 0.7 0.3 20.2 1.6 2.5 69.5

.. 0.0 1.7 7.3 1.0 0.4 56.3 0.5 4.8 28.0

.. 0.0 2.6 11.7 0.3 0.0 64.6 0.2 4.5 16.2

.. 0.0 2.1 12.6 0.3 0.0 65.3 0.2 4.5 15.0

575 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

95 0 50 47 3 12 11 1 9 0 0 0

123 0 107 105 2 10 9 1 9 0 0 0

619 0 231 231 0 1 1 0 24 0 35 0

77 0 7 7 0 6 6 0 0 0 0 0

0 0 0 0 0 0 0 0 5 1 0 0

461 491 1 12 -9 11 -44

-1,118 268 1 10 -9 -139 -1,250

11 -167 -3 1 -60 -110 349

138 -57 2 6 0 188 -1

153 -92 21 0 -5 234 -5

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback

.. .. .. .. .. .. .. .. .. .. .. ..

Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual

.. .. .. .. .. .. ..

ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. 98 685 203 .. 0 0 0 .. 98 559 63 .. 98 268 60 .. 0 292 3 .. 0 95 12 .. 0 61 11 .. 0 34 1 .. 0 2,173 8 .. 0 338 0 .. 0 0 0 .. 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION -2,488 1,859 .. 759 546 386 219 204 .. 82 -422 -45 12 .. 0 95 .. 0 -2,173 -8 .. 233 -168 -10 58 -40 1,706 .. 9. AVERAGE TERMS OF NEW COMMITMENTS

.. .. .. ..

2.7 26.9 5.8 54.4

1.8 28.6 7.2 61.3

0.5 39.7 10.2 82.7

2.1 30.0 8.3 62.5

1.5 35.2 8.8 71.0

0.9 36.5 9.6 76.7

2.3 29.9 7.8 60.9

1.3 36.5 9.6 74.2

1.2 35.1 9.7 74.0

.. .. .. ..

2.4 28.3 6.0 57.2

1.8 28.6 7.2 61.3

0.5 39.7 10.2 82.7

2.1 30.0 8.3 62.5

1.5 35.2 8.8 71.0

0.9 36.5 9.6 76.7

2.3 29.9 7.8 60.9

1.3 36.5 9.6 74.2

1.2 35.1 9.7 74.0

.. .. .. ..

4.4 18.9 4.9 37.5

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

.. 553 201 149 130 211 301 .. 476 201 149 130 211 301 .. 78 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

279 279 0

212 212 0

91 91 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

149 150 55

166 150 55

143 152 55

120 154 54

98 163 52

72 165 51

52 167 49

34 170 47

26 173 44

15 173 42

149 146 54

166 146 54

143 148 54

120 149 53

98 159 51

72 160 50

52 162 48

34 166 46

26 168 44

15 168 42

2 83 29

1 83 28

1 82 27

0 79 25

0 83 24

0 83 23

0 79 22

0 77 21

0 75 20

0 73 19

147 63 24

165 63 26

142 66 27

120 70 27

98 76 27

72 77 27

52 83 26

34 88 25

26 93 24

15 95 23

0 4 1

0 4 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 0

0 4 1

0 4 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 1

0 5 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

576 ZAMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits

814 654 624 30 0 160 0 0 0 0 0 0 0

3,244 2,211 2,124 87 447 586 6 3 3 33 20 13 0

6,916 4,554 4,552 2 949 1,414 739 671 68 1,493 1,389 104 1,123

6,668 5,270 5,257 12 1,138 261 140 114 26 751 661 90 1,468

6,879 5,361 5,332 28 1,188 331 137 121 15 761 699 62 969

5,868 4,584 4,511 73 1,171 113 39 29 10 156 127 29 828

5,731 4,514 4,449 65 1,138 79 36 26 10 142 114 28 661

5,671 4,513 4,394 119 982 175 35 25 9 141 114 27 660

5,978 4,855 4,746 108 1,015 108 40 30 10 151 123 28 1,042

6,425 5,439 5,043 396 859 127 57 32 26 229 127 102 883

TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

374 374 0 45 41 4 329 0 31 31 0 0 298 76 72 4 0

690 599 90 269 212 57 360 -61 141 115 26 0 219 410 326 84 0

164 164 0 126 101 25 -127 -165 77 72 2 3 -203 202 173 27 3

286 272 14 165 165 0 -84 -205 81 65 6 10 -165 246 230 6 10

84 84 0 132 132 0 25 73 70 55 6 9 -45 202 187 6 9

264 250 14 58 58 0 85 -121 90 77 6 7 -5 149 135 6 7

287 261 26 98 98 0 159 -30 88 80 6 3 71 186 177 6 3

308 213 95 80 38 42 325 97 45 37 5 3 280 125 75 47 3

341 170 172 188 126 62 81 -72 101 94 5 2 -20 289 220 67 2

96 96 0 247 176 71 -150 2 141 134 5 2 -291 389 311 76 2

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

37 333 -297 0 2 13 18 20

521 387 62 0 72 87 346 175

929 63 203 0 663 128 736 193

566 107 207 1 250 133 365 202

408 -49 198 1 257 97 241 167

714 192 163 13 347 92 497 217

699 163 122 -1 415 108 587 112

517 174 72 0 271 99 392 125

511 44 82 0 386 118 441 70

588 -81 100 0 569 123 498 90

7 31 0 12 -5

322 115 84 293 29

743 72 115 693 50

437 65 63 312 126

302 55 51 193 110

601 77 36 425 177

586 80 33 511 75

449 37 31 359 91

387 94 30 350 38

434 134 20 392 41

1,742 .. 0 .. 515 ..

3,594 1,625 0 1,987 206 -516

3,022 964 0 1,511 69 -570

2,975 923 0 1,353 45 -386

3,080 918 0 1,484 245 -553

3,469 1,106 0 1,798 183 ..

3,542 1,138 0 1,752 535 ..

4,187 1,398 0 2,110 248 ..

.. 46.7 .. .. 1.8 63.3 .. 19.7 6.3 7.6

199.7 90.3 25.2 8.7 3.9 6.4 1.2 18.1 24.6 12.1

713.4 227.6 21.0 7.2 2.3 1.0 0.6 4.8 53.0 32.6

636.0 197.2 16.1 9.8 3.0 0.8 0.4 1.9 60.2 39.7

624.6 186.1 20.2 9.6 2.9 4.3 2.0 1.4 62.4 42.0

512.9 163.5 11.3 4.1 1.3 3.2 1.2 3.1 62.7 42.9

525.1 168.8 25.4 8.9 2.9 9.0 3.7 1.8 65.6 46.2

459.7 153.4 27.8 10.1 3.4 3.9 1.4 2.0 66.0 47.7

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

3,008 1,362 0 2,336 201 -594

3,705 1,269 0 1,633 239 -182

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

507.8 229.9 14.9 5.6 2.5 2.9 1.0 20.4 29.9 20.2

525.5 180.0 19.4 6.4 2.2 3.6 1.8 3.9 52.3 32.5

577 ZAMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

654 624 120 61 0 59 51 503 55 0 449 30 0 30

2,211 2,124 1,485 393 19 1,091 778 639 3 77 560 87 0 87

4,554 4,552 4,108 1,400 579 2,708 1,487 444 0 70 374 2 0 2

61 0

346 2

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

374 363 22 6 0 16 16 341 0 0 341 11 0 11

1997

1998

1999

2000

2001

2002

2003

5,270 5,257 5,087 2,166 1,923 2,921 1,565 170 0 21 149 12 0 12

5,361 5,332 5,220 2,242 2,031 2,977 1,617 113 0 21 92 28 0 28

4,584 4,511 4,478 2,331 2,138 2,148 1,393 33 0 1 32 73 0 73

4,514 4,449 4,418 2,409 2,252 2,009 1,326 31 0 0 31 65 0 65

4,513 4,394 4,364 2,435 2,298 1,929 1,259 30 0 0 30 119 0 119

4,855 4,746 4,716 2,760 2,623 1,956 1,297 30 0 0 30 108 0 108

5,439 5,043 5,013 3,063 2,933 1,950 1,307 30 0 0 30 396 0 396

539 274

62 1,493

41 1,587

33 1,704

25 1,823

17 1,869

10 2,144

3 2,405

599 593 311 56 6 254 237 282 0 9 273 6 0 6

164 162 117 106 41 11 9 46 0 0 46 2 0 2

272 272 222 211 207 12 3 50 0 5 44 0 0 0

84 64 64 64 59 0 0 0 0 0 0 20 0 20

250 200 200 198 191 3 2 0 0 0 0 50 0 50

261 251 251 249 244 2 2 0 0 0 0 10 0 10

213 153 153 152 142 0 0 0 0 0 0 60 0 60

170 170 170 169 167 0 0 0 0 0 0 0 0 0

96 86 86 86 86 0 0 0 0 0 0 9 0 9

6 0

28 2

0 3

0 169

0 43

0 156

0 210

0 126

0 141

0 74

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

41 35 6 4 0 2 1 29 7 0 22 6 0 6

212 180 36 18 0 18 3 144 3 4 137 31 0 31

101 101 44 39 2 5 0 57 0 0 57 0 0 0

165 161 108 76 13 32 20 53 0 1 52 4 0 4

132 128 80 57 19 23 8 48 0 0 48 4 0 4

58 53 51 39 12 11 3 2 0 2 0 6 0 6

98 80 79 51 22 28 18 1 0 0 1 18 0 18

38 33 32 21 6 10 7 1 0 0 1 5 0 5

126 115 114 28 14 86 45 1 0 0 1 11 0 11

176 158 158 28 12 130 67 1 0 0 1 18 0 18

4 0

18 0

5 0

34 4

21 4

9 4

8 4

8 5

6 0

7 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

333 328 16 1 0 15 15 312 -7 0 319 5 0 5

387 412 274 38 6 236 234 138 -3 5 136 -25 0 -25

63 61 72 67 39 5 9 -11 0 0 -11 2 0 2

107 111 114 134 194 -20 -16 -4 0 5 -8 -4 0 -4

-49 -65 -17 6 40 -23 -8 -48 0 0 -48 16 0 16

192 148 150 158 179 -8 -1 -2 0 -2 0 44 0 44

163 171 172 198 222 -26 -17 -1 0 0 -1 -8 0 -8

174 120 121 131 137 -10 -7 -1 0 0 -1 55 0 55

44 55 55 141 153 -86 -45 -1 0 0 -1 -11 0 -11

-81 -72 -71 59 74 -130 -67 -1 0 0 -1 -9 0 -9

1 0

10 2

-5 3

-34 166

-21 39

-9 152

-8 206

-8 122

-6 141

-7 74

5. LONG-TERM DEBT

578 ZAMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

31 29 6 4 0 2 2 23 3 0 20 2 0 2

115 105 52 33 0 19 13 53 1 12 40 10 0 10

72 72 43 33 3 10 9 29 0 0 29 0 0 0

65 65 53 39 15 14 5 12 0 1 12 0 0 0

55 55 48 29 14 19 9 7 0 0 7 0 0 0

77 73 72 33 17 40 25 1 0 0 0 4 0 4

80 76 76 33 19 42 22 0 0 0 0 4 0 4

37 33 33 9 7 24 16 0 0 0 0 3 0 3

94 91 91 13 10 78 37 0 0 0 0 3 0 3

134 106 106 19 15 86 46 0 0 0 0 29 0 29

4 0

31 0

1 0

6 10

4 11

3 12

3 13

2 7

1 5

1 9

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

302 299 10 -2 0 12 13 289 -10 0 299 3 0 3

273 307 222 5 6 217 221 85 -4 -6 96 -35 0 -35

-9 -11 29 34 36 -5 0 -40 0 0 -40 2 0 2

42 45 61 95 179 -34 -22 -16 0 4 -20 -4 0 -4

-103 -119 -65 -23 26 -42 -17 -55 0 0 -54 16 0 16

115 75 77 126 163 -48 -25 -3 0 -2 -1 40 0 40

83 95 96 165 203 -69 -38 -1 0 0 -1 -12 0 -12

138 86 87 122 130 -35 -23 -1 0 0 -1 51 0 51

-50 -37 -36 128 142 -164 -83 -1 0 0 -1 -14 0 -14

-215 -178 -177 40 59 -216 -113 -1 0 0 -1 -38 0 -38

-2 0

-21 2

-5 3

-41 155

-25 28

-12 140

-10 193

-10 115

-8 135

-8 65

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

72 64 12 8 0 4 3 52 10 0 42 8 0 8

326 286 89 51 0 37 16 197 4 15 177 41 0 41

173 173 87 72 5 16 9 85 0 0 85 0 0 0

230 226 161 116 28 45 25 66 0 1 64 4 0 4

187 183 128 87 33 42 17 55 0 0 54 4 0 4

135 126 123 72 29 51 28 3 0 2 1 10 0 10

177 156 155 84 41 70 40 1 0 0 1 22 0 22

75 66 65 30 12 35 23 1 0 0 1 9 0 9

220 206 205 41 25 164 83 1 0 0 1 14 0 14

311 264 263 47 27 216 113 1 0 0 1 47 0 47

8 0

48 0

5 0

41 14

25 15

12 16

10 17

10 12

8 5

8 9

309 291 18

877 679 198

690 587 103

507 503 4

529 529 0

551 551 0

599 599 0

491 491 0

376 376 0

320 320 0

51 30 624 30

797 280 2,107 104

2,066 494 4,551 2

3,487 738 5,209 60

3,648 738 5,284 76

3,532 502 4,472 112

3,578 401 4,418 96

3,557 412 4,364 149

3,920 382 4,720 134

4,240 636 5,023 416

.. 4.7 1.5 13.9 3.9 0.1 61.6 6.9 0.5 7.0

8.5 .. .. 11.9 3.4 0.1 65.6 6.3 0.5 3.7

8.1 .. .. 11.7 3.0 0.1 66.6 5.9 0.5 4.0

7.9 .. .. 11.9 2.6 0.1 67.4 5.8 0.5 3.9

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.4 0.9 0.0 17.7 0.0 53.7 9.9 0.0 17.4

.. 9.4 3.2 4.8 10.6 0.0 20.2 16.7 0.0 35.0

.. 10.4 3.0 10.0 8.5 0.6 28.1 17.5 1.0 21.0

.. 9.3 2.5 10.6 9.2 0.1 44.3 7.0 0.1 16.9

.. 9.8 2.6 12.5 7.7 0.1 43.9 6.7 0.2 16.6

.. 6.0 2.2 16.0 4.7 0.1 55.6 7.6 0.4 7.4

579 ZAMBIA (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 690 127 78 274 .. 38 0 0 0 .. 466 55 22 181 .. 342 55 22 181 .. 123 0 0 0 .. 321 72 55 92 .. 299 72 55 92 .. 22 0 0 0 .. 114 1 2 53 .. 22 1 0 37 .. 26 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION -400 211 -1,012 .. 351 85 360 -127 -84 25 .. 29 -13 -3 -98 55 92 .. 321 72 .. -140 -1 -2 -53 -100 .. 303 -693 -205 .. -34 319 341 -937 9. AVERAGE TERMS OF NEW COMMITMENTS

169 0 105 105 0 63 63 0 39 18 0 0

114 0 67 67 0 47 47 0 38 31 0 0

34 0 21 21 0 11 11 0 31 18 0 0

0 0 0 0 0 0 0 0 32 13 0 0

-137 159 -3 63 -39 -290 -28

-60 325 -1 47 -38 -232 -161

307 81 5 11 -31 356 -116

447 -150 18 0 -32 445 167

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. 329 .. .. .. .. ..

4.2 20.6 10.2 42.8

6.7 18.6 4.4 22.1

8.1 16.2 4.8 14.8

1.7 32.6 7.4 64.7

0.8 39.4 9.9 80.2

0.8 39.6 10.1 80.4

0.8 39.6 10.1 80.4

0.9 43.2 15.1 81.4

0.8 39.5 10.0 80.3

0.8 39.8 10.3 80.7

1.4 32.6 21.6 79.2

3.7 29.0 8.5 48.9

6.3 21.8 6.9 26.3

0.5 37.9 8.9 76.6

0.8 39.4 9.9 80.2

0.8 39.6 10.1 80.4

0.8 39.6 10.1 80.4

0.9 43.2 15.1 81.4

0.8 39.5 10.0 80.3

0.8 39.8 10.3 80.7

6.6 10.4 0.5 12.1

8.8 11.0 1.4 2.6

11.0 6.9 1.4 -4.1

7.0 7.8 0.3 8.8

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

556 635 192 253 75 213 330 255 267 120 209 75 213 330 302 368 72 44 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

93 93 0

44 44 0

29 29 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

82 246 147

68 207 132

56 177 124

41 168 117

30 161 110

17 167 104

11 171 97

6 175 91

3 181 85

2 273 72

82 190 116

68 159 109

56 145 104

41 150 100

30 145 95

17 152 90

11 156 86

6 160 81

3 167 77

2 178 72

0 126 84

0 93 79

0 74 75

0 75 72

0 76 69

0 79 65

0 81 62

0 81 58

0 85 54

0 90 50

82 64 32

68 65 30

56 72 29

41 75 27

30 69 26

17 73 25

11 74 24

6 79 23

3 82 22

2 88 22

0 57 31

0 49 23

0 32 20

0 18 17

0 15 15

0 15 13

0 15 12

0 14 10

0 14 8

0 94 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 57 31

0 49 23

0 32 20

0 18 17

0 15 15

0 15 13

0 15 12

0 14 10

0 14 8

0 94 0

580 ZIMBABWE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) Long-term debt (LDOD) Public and publicly guaranteed Private nonguaranteed Use of IMF credit Short-term debt of which interest arrears on LDOD Official creditors Private creditors Memo: principal arrears on LDOD Official creditors Private creditors Memo: export credits TOTAL DEBT FLOWS Disbursements Long-term debt IMF purchases Principal repayments Long-term debt IMF repurchases Net flows on debt of which short-term debt Interest payments (INT) Long-term debt IMF charges Short-term debt Net transfers on debt Total debt service paid (TDS) Long-term debt IMF repurchases and charges Short-term debt (interest only)

232 229 229 0 0 3 3 3 0 67 4 63 0

786 696 696 0 0 90 0 0 0 0 0 0 0

3,279 2,681 2,496 185 7 591 0 0 0 0 0 0 660

4,866 3,503 3,050 453 385 977 0 0 0 5 0 5 877

4,581 3,405 3,177 228 407 769 1 1 0 11 1 10 222

4,310 3,194 2,970 224 369 748 1 1 1 10 0 10 212

3,816 2,968 2,763 205 281 567 54 40 14 166 107 58 264

3,579 2,797 2,669 128 262 520 148 117 31 501 366 134 298

3,875 3,093 3,011 83 280 501 270 223 47 922 718 203 354

4,445 3,425 3,367 58 302 718 383 320 63 1,360 1,074 286 412

0 0 0 5 5 0 -5 0 5 5 0 0 -9 9 9 0 0

132 132 0 40 40 0 148 55 26 10 0 15 122 65 50 0 15

424 424 0 270 247 24 335 181 201 149 2 49 134 471 396 26 49

420 420 0 444 419 26 152 176 218 164 10 44 -66 662 582 36 44

463 410 53 736 687 48 -482 -209 205 153 10 43 -687 941 840 58 43

373 339 34 446 384 62 -95 -21 179 129 9 41 -273 624 513 70 41

185 185 0 281 210 70 -329 -233 138 80 10 48 -467 419 291 80 48

44 44 0 116 107 9 -212 -141 51 28 2 20 -263 167 135 11 20

26 26 0 49 46 3 -165 -141 59 51 0 8 -224 109 97 3 8

28 28 0 41 36 4 91 104 11 4 0 6 80 51 41 5 6

2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS Net flow of long-term debt (ex. IMF) Foreign direct investment (net) Portfolio equity flows Grants (excluding technical coop.) Memo: technical coop. grants official net resource flows private net resource flows

-5 -5 0 0 0 1 -5 0

221 93 2 0 127 70 199 22

364 177 -12 0 199 103 278 85

263 2 135 0 126 111 196 67

320 -278 444 0 154 98 201 119

153 -45 59 0 140 86 134 20

112 -25 23 0 114 77 124 -13

27 -63 4 0 86 79 96 -68

141 -21 26 0 136 66 161 -20

150 -8 20 0 138 63 155 -5

NET TRANSFERS Interest on long-term debt Profit remittances on FDI Memo: official net transfers private net transfers

-9 5 0 -9 -1

133 10 78 197 -64

122 149 92 212 -90

-19 164 118 91 -110

67 153 101 108 -41

-80 129 105 39 -118

-41 80 73 74 -115

-75 28 74 85 -160

13 51 77 158 -145

46 4 100 154 -108

1,854 .. 0 .. 59 ..

6,610 1,724 17 1,895 419 -149

5,345 .. 0 .. 310 ..

5,150 .. 0 .. 480 ..

6,961 .. 0 .. 321 ..

8,811 .. 0 .. 119 ..

.. .. 0 .. 132 ..

.. .. 0 .. .. ..

.. 12.5 .. .. 0.2 25.6 .. 1.4 18.9 17.5

45.6 11.9 3.8 1.5 0.4 53.4 2.7 11.5 1.9 0.4

.. 85.7 .. .. 3.8 6.8 .. 16.8 33.7 33.0

.. 83.7 .. .. 3.5 11.1 .. 17.3 34.8 33.9

.. 54.8 .. .. 2.0 8.4 .. 14.9 37.2 35.4

.. 40.6 .. .. 0.6 3.3 .. 14.5 37.6 36.1

.. .. .. .. .. 3.4 .. 12.9 39.9 36.5

.. .. .. .. .. .. .. 16.2 39.5 34.7

3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) Exports of goods, serv. & inc. (XGS) Worker remit. & comp. of employees Imports of goods & services (MGS) International reserves (RES) Current account balance

8,494 2,035 1 2,287 295 -140

8,018 .. 0 .. 384 ..

4. DEBT INDICATORS EDT / XGS (%) EDT / GNI (%) TDS / XGS (%) INT / XGS (%) INT / GNI (%) RES / EDT (%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%)

161.1 38.6 23.1 9.9 2.4 9.0 1.5 18.0 28.6 19.4

.. 60.7 .. .. 2.7 7.9 .. 20.1 29.5 29.8

581 ZIMBABWE (US$ million, unless otherwise indicated) 1970

1980

1990

229 229 85 41 0 44 44 145 145 0 0 0 0 0

696 696 101 3 0 98 15 595 592 3 0 0 0 0

2,681 2,496 1,540 637 129 903 810 956 293 208 456 185 0 185

41 0

3 0

DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

0 0 0 0 0 0 0 0 0 0 0 0 0 0

1997

1998

1999

2000

2001

2002

2003

3,503 3,050 2,583 1,449 478 1,135 960 467 60 150 257 453 0 453

3,405 3,177 2,751 1,512 532 1,239 1,010 425 30 172 223 228 0 228

3,194 2,970 2,604 1,462 558 1,142 940 366 0 194 173 224 0 224

2,968 2,763 2,436 1,351 544 1,085 876 327 0 180 147 205 0 205

2,797 2,669 2,348 1,293 522 1,055 824 320 0 178 143 128 0 128

3,093 3,011 2,651 1,414 565 1,237 982 360 0 220 140 83 0 83

3,425 3,367 2,962 1,543 619 1,419 1,138 405 0 253 152 58 0 58

381 67

473 399

498 442

473 452

416 437

392 418

421 450

453 493

132 132 77 0 0 77 1 55 52 3 0 0 0 0

424 297 158 72 7 86 76 139 0 29 111 127 0 127

420 275 245 191 92 54 28 31 0 26 5 145 0 145

410 282 222 104 39 117 43 61 0 47 13 128 0 128

339 289 208 117 44 91 67 81 0 72 8 50 0 50

185 139 125 44 15 81 35 15 0 11 3 46 0 46

44 39 33 -1 -1 34 0 6 0 6 0 5 0 5

26 26 26 2 2 23 23 0 0 0 0 0 0 0

28 28 26 1 0 25 12 1 0 1 1 0 0 0

0 0

0 0

40 0

49 83

44 29

31 20

19 8

0 -2

0 0

0 0

PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

5 5 5 4 0 1 1 0 0 0 0 0 0 0

40 40 5 3 0 2 2 34 19 0 16 0 0 0

247 229 78 46 4 32 17 151 30 46 75 18 0 18

419 299 175 104 6 71 46 124 30 42 52 120 0 120

687 287 174 104 4 69 46 113 30 31 52 401 0 401

384 330 214 122 4 92 51 116 30 36 50 54 0 54

210 146 114 77 1 37 14 32 0 10 22 65 0 65

107 25 23 11 0 12 5 2 0 2 1 81 0 81

46 1 1 1 0 0 0 0 0 0 0 46 0 46

36 11 10 3 1 7 1 1 0 0 1 25 0 25

4 0

3 0

33 0

46 1

47 1

51 0

46 0

11 0

0 0

0 0

NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-5 -5 -5 -4 0 -1 -1 0 0 0 0 0 0 0

93 93 72 -3 0 75 -1 21 34 3 -16 0 0 0

177 68 80 26 3 54 59 -11 -30 -17 36 109 0 109

2 -23 70 87 86 -17 -18 -93 -30 -16 -47 25 0 25

-278 -5 48 0 35 48 -4 -52 -30 16 -39 -273 0 -273

-45 -41 -6 -5 40 -1 16 -35 -30 37 -42 -4 0 -4

-25 -6 11 -33 14 44 21 -17 0 1 -18 -19 0 -19

-63 14 10 -12 -1 22 -4 4 0 5 -1 -77 0 -77

-21 25 25 2 2 23 23 0 0 0 0 -46 0 -46

-8 16 16 -2 -1 18 10 0 0 1 -1 -25 0 -25

-4 0

-3 0

7 0

3 83

-3 28

-20 20

-27 7

-11 -2

0 0

0 0

5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

582 ZIMBABWE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

5 5 4 2 0 2 2 0 0 0 0 0 0 0

10 10 1 0 0 1 1 9 7 0 1 0 0 0

149 141 67 43 1 24 15 74 13 28 33 9 0 9

164 141 105 74 4 30 19 36 3 10 22 23 0 23

153 124 93 66 5 27 17 30 2 10 19 29 0 29

129 120 95 65 4 30 18 25 1 10 15 8 0 8

80 63 51 37 2 14 6 13 0 5 8 17 0 17

28 15 11 4 0 7 3 4 0 2 2 13 0 13

51 7 2 1 0 2 1 4 0 2 2 44 0 44

4 1 1 0 0 1 0 0 0 0 0 3 0 3

2 0

0 0

33 0

36 2

32 3

32 3

26 1

4 0

0 0

0 0

NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

-9 -9 -9 -6 0 -3 -3 -1 -1 0 0 0 0 0

82 82 71 -3 0 74 -2 12 26 3 -17 0 0 0

28 -72 13 -17 1 30 43 -85 -43 -46 3 100 0 100

-162 -164 -34 13 82 -47 -37 -130 -33 -27 -69 2 0 2

-430 -128 -45 -66 30 21 -20 -83 -32 7 -57 -302 0 -302

-174 -161 -101 -70 35 -31 -2 -60 -31 27 -56 -13 0 -13

-105 -70 -40 -70 13 30 15 -30 0 -3 -26 -36 0 -36

-91 -1 -1 -16 -1 15 -7 0 0 3 -2 -90 0 -90

-72 18 22 1 1 21 22 -4 0 -2 -2 -90 0 -90

-13 15 15 -2 -1 17 10 0 0 1 -1 -28 0 -28

-6 0

-3 0

-26 0

-33 80

-35 25

-51 17

-53 6

-15 -2

0 0

0 0

DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

9 9 9 6 0 3 3 1 1 0 0 0 0 0

50 50 7 3 0 3 3 43 26 0 17 0 0 0

396 370 145 89 5 56 33 225 43 74 107 27 0 27

582 439 279 178 10 101 65 160 33 53 74 143 0 143

840 410 267 170 8 97 63 143 32 41 70 430 0 430

513 450 309 187 8 122 68 141 31 45 65 63 0 63

291 209 165 114 2 51 20 44 0 14 30 82 0 82

135 40 34 15 0 19 8 6 0 4 2 95 0 95

97 8 3 1 0 2 1 4 0 2 2 90 0 90

41 13 11 3 1 8 1 1 0 0 1 28 0 28

6 0

3 0

66 0

82 3

79 4

83 3

72 2

15 0

0 0

0 0

UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD

0 0 0

86 60 26

1,275 1,160 115

1,132 992 141

1,279 1,118 161

1,187 1,094 93

1,029 955 74

734 679 55

449 422 27

403 394 9

44 0 229 0

15 3 696 0

938 699 2,495 186

1,438 945 3,043 460

1,541 746 3,169 235

1,498 719 2,962 231

1,420 650 2,756 212

1,346 552 2,661 136

1,547 536 3,003 90

1,757 545 3,359 66

.. 11.7 6.8 5.4 5.5 0.4 29.6 25.9 0.4 14.2

28.7 .. .. 4.9 5.4 0.4 31.0 25.7 0.4 3.5

30.6 .. .. 5.3 5.9 0.4 29.4 24.3 0.4 3.6

33.6 .. .. 5.3 5.8 0.4 27.6 23.4 0.3 3.5

INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks and other Memo: IBRD IDA

6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies

.. 0.0 0.0 0.0 76.2 0.0 0.3 20.2 0.0 3.4

.. 0.1 0.0 0.0 40.3 0.0 0.4 59.2 0.0 0.0

.. 11.5 8.7 2.1 13.8 0.9 29.9 18.1 0.0 14.9

.. 10.7 8.4 3.0 6.1 0.6 28.2 27.4 0.4 15.2

.. 11.5 8.7 3.3 5.5 0.5 28.2 26.7 0.4 15.1

.. 11.4 7.9 4.9 6.0 0.4 27.8 26.7 0.4 14.6

583 ZIMBABWE (US$ million, unless otherwise indicated) 1970

1980

1990

1997

1998

1999

2000

2001

2002

2003

.. 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 .. 24 0 0 5 .. 0 0 0 0 .. 0 0 0 0 .. 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION -118 -286 -270 .. 459 148 335 152 -482 -95 .. -1 0 1 0 .. 0 0 0 0 .. -24 0 0 -5 .. 148 -277 37 -166 -6 .. 0 7 158 9. AVERAGE TERMS OF NEW COMMITMENTS

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

1 0 1 1 0 0 0 0 0 0 0 0

-494 -329 53 0 0 -167 -51

-237 -212 94 0 0 -124 5

296 -165 122 0 0 265 73

570 91 113 0 0 316 50

7. DEBT RESTRUCTURINGS Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors

TOTAL Disbursements Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements Principal Interest Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest

.. .. .. .. .. .. .. .. .. .. .. .. .. -5 .. .. .. .. ..

0.0 0.0 0.0 0.0

7.1 15.2 5.5 25.8

6.5 21.9 4.4 21.9

5.3 16.0 3.7 27.3

2.5 21.7 6.0 52.6

1.3 19.8 5.3 56.8

5.0 12.8 3.6 27.1

7.1 8.1 1.6 9.9

3.6 21.7 7.2 46.1

4.0 17.1 4.5 35.7

0.0 0.0 0.0 0.0

4.9 16.8 5.7 35.6

6.4 23.1 4.7 22.9

4.1 20.5 4.8 39.0

1.6 24.7 6.9 61.5

0.9 21.0 5.6 60.8

4.8 12.9 3.6 28.0

7.1 8.1 1.6 9.9

3.5 22.0 7.3 47.2

4.0 17.4 4.6 36.2

0.0 0.0 0.0 0.0

17.2 7.8 4.5 -18.7

7.2 10.5 1.5 11.9

7.1 9.2 2.0 9.5

6.7 8.4 2.1 12.2

5.0 8.0 2.5 18.1

6.9 12.4 3.1 14.6

7.4 10.1 1.1 9.7

8.5 11.3 2.8 6.1

4.0 12.1 2.9 27.8

0 171 468 300 412 227 42 0 140 425 180 338 205 39 0 31 43 120 75 21 3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT

34 33 0

3 3 0

22 21 1

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

156 353 85

106 310 72

64 258 61

38 246 51

20 222 42

10 181 34

6 153 27

2 136 22

1 102 18

0 90 16

148 307 76

104 274 65

63 230 56

38 219 47

20 197 40

10 169 33

6 150 27

2 134 22

1 101 18

0 88 16

112 133 27

75 131 25

43 108 22

24 98 20

11 85 18

6 72 16

3 70 15

1 64 13

0 59 12

0 51 10

36 174 48

29 143 40

20 122 33

13 121 27

9 111 22

5 97 17

3 80 13

1 70 9

1 42 6

0 38 5

7 46 9

2 36 7

0 28 5

0 27 4

0 25 2

0 11 1

0 3 0

0 2 0

0 1 0

0 1 0

4 23 5

0 19 4

0 12 3

0 12 2

0 10 1

0 9 1

0 2 0

0 0 0

0 0 0

0 0 0

3 23 4

1 17 3

0 16 2

0 15 2

0 15 1

0 3 0

0 1 0

0 1 0

0 1 0

0 1 0

.

Country notes

Albania Data source. Data on long-term public and publicly guaranteed debt as of 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Albania concluded a rescheduling agreement with official creditors outside of formal Paris Club auspices in December 1993 and a debt buyback operation in 1996.

Algeria Data source. Data on long-term public and publicly guaranteed debt as of 2003 are actual, based on reports provided by the country. Shortterm debt data and long-term private nonguaranteed debt are as reported by the country. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003 and the commercial bank agreement signed in July 1996.

Angola Data source. Data on long-term public and publicly guaranteed debt for 2003 are preliminary and based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and shortterm export credits from the OECD, supplemented by World Bank staff estimates. Rescheduling. It includes the effects of all Paris Club agreements signed until December 2003. Debt owed to Portugal and Spain was rescheduled in 1994. In late 1996 Angola reached a debt restructuring agreement with the Russian

Federation, receiving an upfront discount of 70 percent on the stock and interest arrears and a rescheduling of the remainder over 20 years.

Argentina Data source. Data on long-term public and publicly guaranteed debt for 2003 are preliminary and based on partial reports provided by the country. Provincial debt, long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and shortterm export credits from the OECD. Debt reduction. In March 1993 Argentina concluded a debt and debt service reduction exchanging its commercial bank debt to either par or discount bonds for a total face value of $17 billion. Interest arrears were also swapped into bonds at par with a face value of $8.2 billion, after a down payment of $910 million. These operations enabled Argentina to reduce its stock of debt by $3.3 billion in 1993, $399 million in 1994, and $863 million in 1995. Data for 2000 include debt buybacks. Other. The residual in debt stock-flow reconciliation is due to data revisions introduced in 1993. It includes the effects of the 2001 mega bond swap operation. Historical data revisions are due to the reversing process of converting to $US the debt that previously converted to Argentina Pesos.

Armenia Data source. Data on long-term public and publicly guaranteed debt for 2003 are actual, based on reports provided by the country. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

585

G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 0 5

Rescheduling. In 1993, $30.8 million of technical credits were rescheduled with the Russian Federation, and in 1996, $34.0 million were rescheduled with bilateral creditors.

Azerbaijan Data source. Data on long-term public and publicly guaranteed debt for 2003 are preliminary based on reports provided by the country. Shortterm debt data are based on government statistics. Rescheduling. In 1993, $36 million of technical credits were rescheduled with the Russian Federation.

Bangladesh Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Barbados Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on World Bank Staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Belarus Data source. Data on long-term public and publicly guaranteed debt for 2003 are actual, based on reports provided by the country. Shortterm debt data have been revised from 1996, based on data from the National Bank of the Republic of Belarus. Rescheduling. In 1993, $385 million of technical credits were rescheduled with the Russian Federation.

Belize Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are World Bank staff estimates.

Benin Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on

586

reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Bhutan Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Bolivia Data source. Data on long-term public and publicly guaranteed debt and on private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from BIS semiannual series of international bank lending and short-term data. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements, signed until December 2003.

Bosnia and Herzegovina Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Prior to 1999 data on long-term public and publicly guaranteed debt include only the IBRD and IMF. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Botswana Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

C O U N T R Y

Brazil

Burundi

Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are preliminary, based on partial reports provided by the country. Short-term debt data are World Bank staff estimates. Rescheduling. From 1983 onward, the increase in long-term public and publicly guaranteed debt is due to the transfer of liabilities from private nonguaranteed and short-term debt as a result of Paris Club and commercial bank restructuring. In 1992 an agreement was reached with Paris Club creditors to reschedule $6.2 billion, of which $5.1 billion corresponded to rescheduling of arrears and debt service due in 1992. Brazil also rescheduled $7.1 billion of interest in arrears with commercial banks. Interest payments for 1992 include a $836 million cash payment on the interest arrears. Debt reduction. Debt owed to commercial banks at the end of 1994 was reduced by $4.1 billion as a result of the April 1994 Brady accord. Data for 2003 include debt buybacks.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effect of the cancellation of all concessional debt owed to Belgium, France, the Republic of Korea, and the Russian Federation. In 1989 Burundi rescheduled $13.3 million of debt owed to China.

Bulgaria Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data have been revised from 1996 based on data from Bulgaria National Bank. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of the Paris Club agreements signed in 1991, 1992, and 1994. Commercial bank creditors agreed to restructure $8.3 billion of external public debt in July 1994. It includes the effects of the exchange of Brady Bonds for Global Bonds in 2002.

Burkina Faso Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

N O T E S

Cambodia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Cameroon Data source. Data on long-term and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank Staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Cape Verde Data source. Data on long-term public and publicly guaranteed debt for 2003 are partially based on the reports provided by the country. Shortterm debt data are World Bank staff estimates.

Central African Republic Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on

587

G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 0 5

reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Chad

Colombia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Data on long-term private nonguaranteed debt are World Bank staff estimates. Short-term debt data are World Bank staff estimates.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effect of the debt relief agreement signed in 1989, concluded outside the Paris Club. In addition, it includes the effects of all Paris Club agreements signed until December 2003.

Comoros

Chile

Congo, Democratic Republic of

Data source. Data on long-term public and publicly guaranteed, private nonguaranteed, and short-term debt for 2003 are based on reports provided by the country. Short-term debt data for 1990–02 have been revised. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effect of a 1990 agreement with commercial banks under which there was no repayment of principal during 1991–94. The data also reflect the forgiveness of $15 million and the rescheduling of $132 million under the Enterprise for the Americas Initiative. Debt reduction. By end-1993 reduction of debt owed to commercial banks through various debt conversion programs reached $8.7 billion, including $2.5 billion in 1988, $2.5 billion in 1989, $1.1 billion in 1990, $496 million in 1991, $279 million in 1992, and $264 million in 1993. Also, 1988 principal repayments include a $164 million cash payment in connection with a buyback.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

China Data source. Data on long-term public and publicly guaranteed debt and private nonguaranteed debt for 2003 are World Bank staff prelimi-

588

nary estimates based on reported aggregate data. State-owned enterprises are responsible for servicing their external debt exposures, and their obligations are not guaranteed by the Ministry of Finance. Short-term and private nonguaranteed debt data for 1999–2003 are reported by the country.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Congo, Republic of Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. In 1986, in addition to Paris Club, the government rescheduled with Eastern Bloc creditors. Under the 1986 Brazzaville Club agreement, $23 million was rescheduled.

C O U N T R Y

Costa Rica Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Côte d’Ivoire Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Long-term private nonguaranteed debt data are World Bank staff estimates. Longterm private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Croatia Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the Croatia National Bank. Other. Croatia became a member of the World Bank in 1993. Debt data includes the effects of all Paris Club agreements signed until December 2003 and the London Club agreement signed in March 1996.

data are based on World Bank staff estimates. Data includes the effects of all Paris Club agreements signed until December 2003.

Dominica Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD Debt reduction. As part of its Caribbean initiative, Canada forgave all its official development assistance loans, about $1.7 million, in 1990.

Dominican Republic Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003 and debt service reduction agreement to restructure $1.2 billion owed to commercial banks.

Ecuador

Data source. Data on long-term public and publicly guaranteed, private nonguaranteed, and short-term debt for 2003 are preliminary, based on partial reports provided by the country. Other. The Czech Republic became a member of the World Bank in 1993. Data for 1985–92 are based on preliminary information on the succession of the former Czechoslovakia (effective January 1, 1993).

Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are World Bank staff estimates. Short-term debt data are based on reports provided by the country. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of the Paris Club agreement on Houston terms signed in June 2003. Debt reduction. The debt conversion program was continued in 1992, enabling the country to reduce its stock of debt due to private creditors by about $50 million, bringing the total for 1987–92 to $539 million. Debt reduction resulting from the 1995 DDSR operations amounts to $1.2 billion.

Djibouti

Egypt, Arab Republic of

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt

Data source. Data on long-term public and publicly guaranteed debt for 2003 and revised data for 1991–95 due to the third stage of the

Czech Republic

N O T E S

589

G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 0 5

1991 Paris Club agreement are based on reports provided by the country. Data on private nonguaranteed debt are World Bank staff estimates. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of the third stage of the Paris Club agreement signed in May 1991.

El Salvador

Fiji

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are World Bank staff estimates.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Equatorial Guinea

Gabon

Data source. Data on long-term public and publicly guaranteed debt for 2003 are estimates based on the original terms of the loans. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Eritrea

Gambia, The

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Estonia Data source. Data on long-term public debt for 2003 are based on reports provided by the country. Private nonguaranteed and short-term debt data have been revised starting from 1996 based on official government statistics.

Ethiopia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt

590

data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. The data include debt contracted from commercial sources for military expenditures. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003, and the debt forgiveness operation from the Russian Federation.

Georgia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

C O U N T R Y

Rescheduling. In 1993 a total of $366 million of technical credits were rescheduled with Armenia ($10.6 million), Azerbaijan ($2.1 million), Kazakhstan ($17.9 million), the Russian Federation ($135.0 million), and Turkmenistan ($200.8 million). In 1996, $634 million were rescheduled with bilateral creditors. It includes the effects of all Paris Club agreements signed until December 2003. It does not include the effects of the Paris Club agreement signed on July, 21, 2004.

Guinea-Bissau

Ghana

Guyana

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on partial reports provided by the country and World Bank Staff estimates. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and shortterm export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Grenada Data source. Data on public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Guatemala Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Guinea Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

N O T E S

Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Haiti Data source. Data on long-term public and publicly guaranteed debt as of end-September 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Honduras Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. Debt reduction. In August 2001, the first phase of debt buyback operation, funded by IDA Debt Reduction Facility and co-financed by the governments of Netherlands, Norway, and Switzerland was completed. This operation extinguished $13 million of the total $14.5 million of eligible debt.

Hungary Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS

591

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D E V E L O P M E N T

F I N A N C E

2 0 0 5

semiannual series on international bank lending and short-term export credits from the OECD.

India Data source. Data relate to the year ending in March (latest data are for the year ending in March 2004). Long-term public and publicly guaranteed, private nonguaranteed, and short-term debt as of the end of March 2004 are based on reports provided by the country and World Bank staff estimates.

Indonesia Data source. Data on long-term public and publicly guaranteed debt for 2003 are preliminary based on partial reports provided by the country. Short-term debt data are World Bank staff estimates. (The debt data may include indistinguishable local currency components held by nonresidents.) Other. The residual in debt stock flow reconciliation from 1994 onward reflects the private nonguaranteed stock revisions introduced without corresponding flow data adjustments. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Iran, Islamic Republic of Data source. Data relate to the year ending in March. Long-term public and publicly guaranteed debt and short-term debt as of end-March 2003 are based on aggregate reports provided by the country. Long-term private nonguaranteed debt are World Bank staff estimates.

Jamaica Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Jordan Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international

592

bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It reflects the effects of all Paris Club agreements signed until December 2003.

Kazakhstan Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Private nonguaranteed debt includes only registered private debt of National Bank of Kazakhstan. Short-term debt data have been revised from 2000 based on data from the National Bank of Kazakhstan. Rescheduling. In 1993, $1.3 billion of technical credits were rescheduled with the Russian Federation.

Kenya Data source. Data on long-term public and publicly guaranteed debt for 2003 are actual, based on reports provided by the country. Longterm private nonguaranteed debt are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. The January 2004 Paris Club agreement is not reflected in the data.

Kyrgyz Republic Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. In 1993 a total of $125.8 million-of technical credits were rescheduled with Kazakhstan ($31.5 million), the Russian Federation ($81.0 million), and Uzbekistan ($13.3 million). In 1996, $220.4 million were rescheduled with bilateral creditors. It includes the effects of all Paris Club agreements signed until December 2003.

C O U N T R Y

Lao People’s Democratic Republic Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates and based on reports provided by the country and include both convertible and nonconvertible currency obligations. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Latvia Data source. Data on long-term public debt for 2003 are based on reports provided by the country. Private nonguaranteed and short-term debt data have been revised starting from 1996, based on reports provided by the country.

Lebanon Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Lesotho Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are World Bank staff estimates. Principal and interest arrears have been revised since 1995, as reported by the country.

Liberia Data source. Data on long-term public and publicly guaranteed debt for 2003 are estimates based on the original terms of the loans. Shortterm debt data are World Bank staff estimates.

Lithuania Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data have been revised starting from 1996 based on government statistics.

Macedonia, former Yugoslav Republic of Data source. Data on long-term public and publicly guaranteed and private nonguaranteed

N O T E S

debt for 2003 are based on reports provided by the country. Short-term debt data are World Bank staff estimates. Other. The former Yugoslav Republic of Macedonia became a member of the World Bank in 1993. Debt outstanding as of end-1993 reflect only loans used directly by Macedonian beneficiaries. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Madagascar Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003 and the 1990 commercial bank rescheduling arrangements.

Malawi Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Malaysia Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are based on official government data.

Maldives Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

593

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D E V E L O P M E N T

F I N A N C E

2 0 0 5

Mali Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Mauritania Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. There have also been bilateral rescheduling arrangements with Algeria, Brazil, Iraq, Kuwait, Qatar, and Saudi Arabia.

Mauritius Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Mexico Data source. Data on long-term public and publicly guaranteed, private nonguaranteed debt, and short-term debt for 2003 are based on reports provided by the country. Revised data on shortterm and private nonguaranteed debt were provided by the country. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all agreements concluded to date, including the effect of the zero-coupon bonds and the swap operations. In 1992, $327 million was rescheduled as a result of the 1989 Paris Club agreement. In 1993 a number of public borrowers, including

594

the government, swapped liabilities to meet the ceiling on borrowings. Debt reduction. The decline in private nonguaranteed debt in 1988 is due primarily to prepayment and swaps operations. The debt reduction in 1989 of $2.5 billion comprised debtequity swaps of $800 million and buybacks of $1.7 billion. In 1990 swaps amounted to $846 million, and debt reduction from discount bonds to $7.3 billion. The debt conversion program continued in 1991 and amounted to $1.1 billion, including privatization of $431 million and debt-equity swaps of $95 million. In 1992, $7.5 billion was bought back for $5.2 billion, which is shown under principal repayments. Also, $137 million was converted from foreign debt to equity. The increase in 1995 in long-term debt includes the stock transfer of the “Tesobonos.” Data for 2000 include debt buybacks. Other. Data include partial Pidiregas debt in 2000, 2001, 2002, and 2003.

Moldova Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are based on government statistics and World Bank staff estimates. Rescheduling. In 1993, $89 million of technical credits were rescheduled with the Russian Federation. In 1996, $118.8 million were rescheduled with bilateral creditors.

Mongolia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Country data have been revised from 1999–2001. Rescheduling. On December 30, 2003, Mongolia reached an agreement with Russia, after several years of negotiation, to settle its 11.4 billion Transferable Rubles (TR) valued at US$11.4 billion. The agreement consists of 97.8 percent up-front debt forgiveness, with a US$250 million residual cash settlement—much of which was borrowed either domestically or externally, and part of it was financed from the country’s international reserves.

C O U N T R Y

Morocco

Nicaragua

Data source. Data on long-term public and publicly guaranteed and on private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are actual, based on reports provided by the country. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effect of agreements reached with Mexico ($950 million) and República Bolivariana de Venezuela ($159 million) in 1991, with Brazil in 1992 ($66 million), and with Argentina ($76 million) and Cuba ($7 million) in 1993 and agreements with the Russian Federation ($442 million), Czech Republic ($141 million), Honduras ($117 million), Mexico ($91 million), and El Salvador ($23 million) in 1996. It includes the 2002 Paris Club agreement under “Cologne Terms”. Debt reduction. In 1995 debt reduction was $1.2 billion using the IDA facility.

Mozambique Data source. Data on long-term public and publicly guaranteed debt for 2003 are preliminary, based on reports provided by the country. Private nonguaranteed debt data are World Bank staff estimates and include private debt from Cahora Bassa. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It reflects the effects of all Paris Club agreements signed up to December 2003 and the 1999 rescheduling agreement with the Russian Federation. Debt reduction. Debt reduction in 1990 amounted to $231 million, and to $237 million in 1991. In 1991 there was a debt buyback, at a discount of 90 percent, of $124 million under the IDA Debt Reduction Facility.

Myanmar Data source. Data relate to the year ending in March. Data on long-term public and publicly guaranteed debt for end-March 2003 are estimates based on the original terms of the loans. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Nepal Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

N O T E S

Niger Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Nigeria Data source. Data on long-term public and private-nonguaranteed debt for 2003 are based on reports provided by the country. Historical data from 1992 to 2002 are estimates based on aggregate data from the authorities, World Bank staff, and other sources. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. It includes the effects of the 2002 buyback operation of the Brady Bonds.

595

G L O B A L

D E V E L O P M E N T

F I N A N C E

2 0 0 5

Debt reduction. Debt reduction in 1988 was $40 million and in 1989, $247 million, all of it due to debt-equity swaps. In 1990 debt reduction was $286 million, $48 million of which was due to debt forgiveness and $238 million to debt-equity swaps. In 1991 debt reduction was $243 million, of which $134 million represented a buyback, $95 million was debt-equity swaps, and $14 million was debt forgiveness. In 1992 there was a $1.3 billion buyback.

Oman Data source. Data on long-term public, private nonguaranteed and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Pakistan Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD and exclude foreign currency deposits in local banks made by nonresidents. Rescheduling. It includes the effects of all Paris Club agreements signed until December 2003.

Panama Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Data on long-term private nonguaranteed debt and on short-term debt are World Bank staff estimates. Data for 1996–2002 include buybacks.

Papua New Guinea Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and shortterm export credits from the OECD.

Paraguay Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on

596

reports provided by the country. Private nonguaranteed debt data have been reported by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. It includes the effects of the 2002 buyback operation on the Brady Bonds.

Peru Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Private nonguaranteed and short-term debt are World Bank staff estimates. These include the effect of the 2002 buyback operation on the Brady Bonds.

Philippines Data source. Data on long-term public and publicly guaranteed, private nonguaranteed, and short-term debt for 2003 are based on reports provided by the country. Total external debt is based on loan-level data provided by the Central Bank of the Philippines and includes unregistered debt, intercompany debt and capital leases. Historical data were revised in order to maintain consistency with the conceptual framework for the measurement of external debt set out in the international guidelines. Data for 2001–2003 were adjusted to net out the domestic portion of the debt. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding as of December 2003. It includes the effects of all Paris Club agreements signed until December 2003. The Paris Club agreement signed in July 1994 was not implemented because the Philippines decided to meet Paris Club debt service due. Debt reduction. Cash buyback of $1.3 billion at the price of 52 cents per dollar (equivalent to $656 million) was implemented in May 1992, as was the DDSR $4.4 billion multi option package of July 1992. In October 1999 the Philippines completed a $1,006 million, 25-year (plus 7-year put option) global bond offering. The offering involved a $292 million cash sale and a $714 million exchange for $858 million in Brady bonds.

Poland Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports by the country and include both convertible and nonconvertible

C O U N T R Y

debt. Short-term debt data based on World Bank Staff estimates. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. It also includes the effect of the DDSR operation with commercial banks that was concluded in October 1994. The 1994 DDSR agreement restructured $14.3 billion of debt.

reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

São Tomé and Principe

Data source. Data on long-term public and publicly guaranteed, private nonguaranteed, and short-term debt for 2003 are based on reports provided by the country.

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country and World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Russian Federation

Senegal

Data source. Data on long-term public and publicly guaranteed and short-term debt for 2003 are estimates, based on aggregate data provided by the country. Private nonguaranteed debt data are World Bank staff estimates. Data prior to 1992 are for the former Soviet Union. Beginning in 1993, the database has been revised to include obligations to members of the former Council for Mutual Economic Assistance and other countries in the form of trade-related credits amounting to $15.4 billion as of end-1996. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003, as well as the February 2000 rescheduling with London Club creditors.

Data source. Data on long-term public, publicly guaranteed, and private nonguaranteed debt for 2003 are based on reports provided by the country and World Bank staff estimates. Shortterm debt data are from the BIS semiannual series on international bank lending and Short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Romania

Serbia and Montenegro

Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effect of rescheduling loans from Kuwait in 1996, as well as the effect of the Paris Club agreement signed in July 1998.

Data source. Data on long-term public and publicly guaranteed and short-term debt for 2003 are based on the aggregate data reported by the country. Private nonguaranteed debt data are World Bank staff estimates. Data includes old debt incurred by Kosovo and Montenegro prior to 2000. Debt reduction. The debt reduction of 1988–91 consisted of buybacks of $128 million in 1988, $610 million in 1989, $1.5 billion in 1990, and $554 million in 1991. Other. In 1992 the former Yugoslavia split into several republics; information on debt outstanding by the various republics are shown in the country pages for Croatia and FYR Macedonia. Debt includes the old debt of Kosovo incurred prior to 1999.

Samoa

Seychelles

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on

Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on

Rwanda

N O T E S

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F I N A N C E

2 0 0 5

reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Sierra Leone Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Major revisions to the database are based on information provided by the country. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. It also includes the effect of a DDSR operation with commercial banks that was concluded in August 1995.

Slovak Republic Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the Annual Reports of the National Bank of Slovakia (NBS). Other. The Slovak Republic became a member of the World Bank in 1993. Data for 1985–92 are based on preliminary information on the succession of the former Czechoslovakia (effective January 1, 1993).

Solomon Islands Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Somalia Data source. Data on long-term public and publicly guaranteed debt for 2003 are estimates based on the original terms of the loans. Shortterm debt data are World Bank staff estimates.

South Africa Data source. Data on long-term public and publicly guaranteed and short-term debt for 2003

598

are based on aggregate information provided by the authorities and World Bank staff estimates.

Sri Lanka Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Long-term private nonguaranteed debt data are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

St. Kitts and Nevis Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

St. Lucia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

St. Vincent and the Grenadines Data source. Data on long-term and publicly guaranteed debt for 2003 are based on reports provided by the country. Starting from 1993, Shortterm debt data are World Bank staff estimates.

Sudan Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are estimates based on the original terms of the loans. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Swaziland Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

C O U N T R Y

Syrian Arab Republic Data source. Data on long-term public and publicly guaranteed debt for 2003 are estimates based on the original terms of the loans and include only civilian debt. Data on noncivilian debt, which is substantial and owed mainly to Eastern European countries, are estimates using creditor source information. Data on civilian debt do not reflect bilateral debt arrangements that have been agreed in recent years. Short-term debt data are World Bank staff estimates.

Tajikistan Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on partial reports provided by the country and World Bank Staff estimates. Private nonguaranteed debt data are World Bank estimates. Rescheduling. In 1993, $18 million of technical credits were rescheduled with Kazakhstan. In 1996, $505.8 million were rescheduled with bilateral creditors.

Tanzania Data source. Data on long-term public and publicly guaranteed debt for 2003 are World Bank staff estimates. Long-term private nonguaranteed debt data are World Bank staff estimates. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Thailand Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on preliminary reports provided by the country. Short-term debt data are based on official government data.

Togo Data source. Data on long-term public and publicly guaranteed debt for 2003 are estimates based on the original terms of the loans. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

N O T E S

Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003 and commercial bank arrangements until end-1996.

Tonga Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Trinidad and Tobago Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are World Bank staff estimates.

Tunisia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Private nonguaranteed debt data are World Bank staff estimates based on information from the government. Shortterm debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Turkey Data source. Data on long-term public and publicly guaranteed, private nonguaranteed, and short-term debt for 2003 are based on reports provided by the country. Nonresident deposits. Long-term debt data include nonresident deposits made under the Dresdner Bank scheme, amounting to $14.2 billion at end-2003.

Turkmenistan Data source. Data on long-term public and publicly guaranteed debt for 1999 to 2003 are not available due to reporting problems. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

Uganda Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on

599

G L O B A L

D E V E L O P M E N T

F I N A N C E

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reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003. Debt reduction. As a result of the September 2000 Paris Club agreement on Lyon terms, the stock of debt was reduced by $165 million at the end of 2000.

Ukraine Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. In 1993 a total of $2,528 million of technical credits were rescheduled with Moldova and the Russian Federation. In 1999 some $3.2 billion were rescheduled with the Russian Federation. In 2000 about $2.7 billion in bonds were rescheduled. It includes the effects of all Paris Club agreements signed until December 2003.

Uruguay Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and shortterm export credits from the OECD. Debt exchange. The voluntary debt exchange in May 2003 by the government covered foreign currency bonds due between 2004 and 2027 for new bonds with an average five-year extension and lower interest rates. The rate of acceptance was high about 90% and 98% among foreign and domestic holders, respectively. The total debt eligible was about $5.3 billion.

Uzbekistan Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS

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semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. In 1993 a total of $321 million of trade credits were rescheduled with Kazakhstan ($46.4 million) and the Russian Federation ($275.0 million).

Vanuatu Data source. Data on long-term public and publicly guaranteed and short-term debt for 2003 are World Bank staff estimates.

Venezuela, República Bolivariana de Data source. Data on long-term public and publicly guaranteed and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are World Bank staff estimates.

Vietnam Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on partial reports provided by the authorities and World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations and existing terms on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003, other bilateral arrangements outside of the Paris Club, and the 1997 DDSR agreement. The effect of the memorandum of understanding of September 1997 on the debt outstanding and disbursed owed to Russia is reflected in the table. The data are provisional and are based on World Bank staff estimates.

Yemen, Republic of Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations and existing terms on debt outstanding at the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

C O U N T R Y

Zambia Data source. Data on long-term public and publicly guaranteed debt for 2003 are based on the reports provided by the country. Private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on international bank lending and sort-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at

N O T E S

the end of 2003. It includes the effects of all Paris Club agreements signed until December 2003.

Zimbabwe Data source. Data on long-term public, publicly guaranteed, and private nonguaranteed debt for 2003 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD.

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Global Development Finance 2005 embraces three key challenges: • Managing the vulnerability inherent in global economic and financial imbalances • Confronting the risks posed by the growing market sensitivity of developing-country debt • Mobilizing and diversifying sources of finance for low-income countries In 2004 capital flows to the developing world reached levels higher than at any time since the crises of the 1990s. Low international interest rates allowed developing countries to restructure their debt on favorable terms. They also provoked a search for higher yields among international investors, whose appetite for risk was sharpened by the growing ability of capital markets to gauge risk in individual countries. Stronger creditworthiness ratings in many developing countries—reflecting improved macroeconomic, fiscal, and regulatory policies—contributed to investor confidence. For the poorest countries, which lack ready access to market-based finance, official development assistance remains the most important source of external finance. But other capital flows and nontraditional sources of foreign exchange—workers’ remittances, grants from nongovernmental organizations, and aid from middleincome countries—have risen in importance. The favorable overall picture masks considerable country variation. Both foreign direct investment and debt reduction are highly concentrated in a few countries. In much of the developing world, the external debt of the public sector has continued to rise—often compounded by growing levels of domestically sourced debt. The overall picture also conceals vulnerabilities. Even if the present imbalances in global payments unwind in an

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orderly fashion, the developing world will have to adjust as interest rates return to their historical norms and growth slows in the industrial economies. If efforts toward orderly adjustment prove to be “too little, too late” in the eyes of the capital markets, a sudden shortage of finance, accompanied by spikes in interest rates, could severely shock indebted economies.The safest course for developing countries is to persevere with policies and reforms that promote economic growth under sustainable levels of debt—domestic and external. The World Bank’s annual review of recent trends in and prospects for financial flows to developing countries, Global Development Finance 2005, I:Analysis and Statistical Appendix is an indispensable resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community. Global Development Finance 2005, II: Summary and Country Tables includes a comprehensive set of tables with statistical data for 136 countries that report debt under the World Bank Debtor Reporting System, as well as summary data for regions and income groups. It contains data on total external debt stocks and flows, aggregates, and key debt ratios, and provides a detailed, country-by-country picture of debt. Global Development Finance 2005 debt data are also available on CD-ROM, with 217 historical time series indicators from 1970 to 2003, and country group estimates for 2004. Prospects for the Global Economy is a new online companion to Global Development Finance. It provides information on the global economic outlook, detailed regional forecasts, and additional features such as interactive graphs, analytical tools, and access to underlying data.This online publication is available in English, French, and Spanish at http://www.worldbank.org/ globaloutlook.

For more information on the analysis, please see www. worldbank.org/prospects; further detail about the Summary and Country Tables can be found at www.worldbank.org/data. For general and ordering information, please visit the World Bank’s publications Web site at www.worldbank.org/ publications, or call 703-661-1580; within the United States, please call 1-800-645-7274.